The Business Times, 3 April 1984

Microfilm: NL14456
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C. (P) No. 66/1/84 TUESDAY, APRIL 3,1184 60 CENTS
    11 words
  • Article
    Centre revamps in hope of more material benefits
    416 1  -  By LOH HUI YIN A MAJOR revamp is taking place at the textile and garment industry training centre to make it viable barely two years after operations began. The centre has been affected by poor response to some of its training courses
    416 words
  • Article
    KL setting limit on loans to one party
    177 1 BANKS incorporated in Malaysia will soon be given a limit by the country's central bank on the amount of loans they can grant to a single borrower. The governor of Bank Negara Malaysia, Mr Aziz Taha, said that the limit would apply
    177 words
  • Article
    NOL to order four new ships worth US$140m
    552 1  -  By LINDA CHEE NEPTUNE Orient Lines is making a massive investment of about US$l4O million to upgrade its fleet with more modern, fuel-efficient ships. Four new full-containerships will be ordered after the national shipping line decides on the best offer in quotations
    552 words
  • Article
    Britannia says local stock market not overvalued
    664 1  -  By RAMESH CHANDIRAMANI MANY local investment analysts have refuted the claim made by Mr Adrian Day during a recent investment seminar that the local stock market should be avoided. One of the more outspoken ones was Mr K C Tan, manager (marketing and
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  • BRIEFLY...
    • Article
      Lock icon Thai troops killed
      49 1 Reuter FIVE Thai troops were killed in an artillery duel with Vietnamese forces across the Thai-Kampuchean border on Sunday, a Thai spokesman said yesterday. He said they were the first casualties suffered by Thai troops since a battalion-size Vietnamese force intruded into Thailand on March 25.
      Reuter  -  49 words
    • Article
      Lock icon Ministers seized
      67 1 Reuter A RADICAL Palestinian group said its men stormed a building in Jerusalem housing Israel's Ministries of Tourism and of Commerce and Industry, seizing the two ministers and other officials. The Democratic Front for the Liberation of Palestine (DFLP) said in a statement issued in Damascus that the
      Reuter  -  67 words
    • Article
      Lock icon Cool reaction
      69 1 AFP INDONESIA yesterday reacted coolly to an Australian defence document leaked to a Canberra newspaper last week, describing it as the only serious threat to Australia. A Indonesian Foreign Ministry official said the ministry was awaiting confirmation that the document had been approved by the Canberra government, as
      AFP  -  69 words
    • Article
      Lock icon Anti-drug strategy
      54 1 Reuter INDONESIA'S President Suharto yesterday called for an integrated South-east Asian strategy to fight worsening narcotics abuse in the region. He told the opening session of the eighth meeting of Asean drug experts that the drug problem in the six-member states of Asean was growing despite substantial efforts
      Reuter  -  54 words
    • Article
      Lock icon Industrial plan
      65 1 Bernama THE Malaysian government is formulating a master plan on industries as part of efforts to attract foreign investment in the country's manufacturing sector, Trade and Industry Minister Tengku Ahmad Rithauddeen said yesterday. He said the master plan, which would be ready by the middle of next year,
      Bernama  -  65 words
    • Article
      Lock icon Not getting weapons
      60 1 Reuter AUSTRALIA does not intend to develop or acquire nuclear weapons, Prime Minister Bob Hawke told Parliament yesterday. He was answering questions about an article in an Australian magazine, which last week published alleged secret documents on the country's defence strategy. The documents advised Australia to be
      Reuter  -  60 words
    • Article
      Lock icon Swiss held by rebels
      77 1 Reuter A SWISS pilot for a Catholic mission service says he is being held in Indonesia's Irian Jaya province by separatist rebels who executed a doctor and an army officer who had been on his plane. Mr Rolf Meyer, Switzerland's consul in Port Morseby, confirmed yesterday
      Reuter  -  77 words
    • Article
      Lock icon Chinese accusation
      31 1 AP CHINA accused Vietnam yesterday of launching more than 30 border attacks last month, seizing 19 Chinese civilians and wounding a number of peasants working in the fields. AP
      AP  -  31 words
  • Article
    Share prices fall in thin trading
    176 1 THE Iseal stockmarket, which has been m the wane slice the beginning of Febraary, yesterday came aider a spate sf selling which caased share prices to llalsh bnadly tower. Trading valine remained on the tow side, bat a aamber of blae-ehlp coaaters saffered deabto-dlglt
    176 words
  • Article
    DBS Bank launches new Giro service
    246 1 DBS Bank is introducing its DBS Autopay service, an electronic funds transfer system, to all its customers this month. The Autopay system is part of the Inter-bank Giro system to be launched on April 7 by the Automated Clearing House. It is an extension
    246 words
  • Article
    Car dealers jolted by reports of rising sales
    544 1  -  By JAIME LYE THE Singapore motor trade yesterday reacted with shock to reports during the weekend that sales of new cars were still rising in spite of the Government's measures to limit their growth. Despite suggestions that there had been a 12
    544 words
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      232 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM SOME tenants at Cold Storage Centrepoint have decided to close shop tomorrow "to protest against the landlords' indifference to their plight" Page 2 PHILIPS, a company associated with electric shavers, irons and television sets, is putting its mark on office automation and computer peripherals
      232 words
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      Page 1 Advertisements Column 2
      73 1 1983 Tournaments won wfth PING* PUTTERS. PGA Tour PGA European Tour TUNISIAN OPEN 861 FRENCH OPEN PAL MARTINI OPEN PAL CAR CARE PLAN INTERNATIONAL PAL SUN ALLIANCE PGA CHAMPIONSHIP ANSER SILK CUP MASTERS ANSER JERSEY OPEN ANSER Available at leading departmental stores and selected sports shops The Sporls People UKn*><cm:>
      73 words
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      Page 1 Advertisements Column 3
      132 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM In business you sometimes have to be pushy. Successful businessmen today seem to do everything at the touch of a button. Now, with Tele Bank, you can check your Company's balance instantly and get an up-to-date statement simply by lifting a finger anytime, anywhere
      132 words
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  • HOME NEWS
    • Article
      Some Centrepoint tenants to stage protest closure
      557 2  -  By LIM SOON NEO AFTER an abortive attempt, some tenants at Cold Storage Centrepoint have decided to close shop tomorrow "to protest against the landlords' indifference to their plight". At a press conference called by about 25 tenants yesterday, a spokesman said that
      557 words
    • Article
      MRTC to award 16 more contracts
      241 2 THE Mass Rapid Transit Corporation (MRTC) will be awarding 16 more contracts in the next nine months. That would bring the total up to 30. The contracts include the $500 million job to supply trains and rolling stocks. In mid-year, the MRTC will unveil
      241 words
    • Article
      SMA team to visit West Asia
      101 2 SIX member companies of the Singapore Manufacturers Association (SMA) will be going on a trade mission to West Asia from Thursday to April 20. The team, led by Mr Chee Choon Hock of Metal Box Singapore Ltd, will include manufacturers of food, souvenir products,
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    • Article
      Banque Asia'84 opens with a bang
      157 2 BANQUE Asia '84 was opened yesterday with much ceremony. In his opening speech, Mr Carl Reuterskiold, president of the Society for Worldwide Interbank Financial Telecommunication (SWIFT), recounted the development of computer sicence in the past 25 years, drawing parallels with Singapore's development during the
      157 words
    • Article
      A taste of what's cooking at largest Asian food exhibition
      482 2  -  By BOEY KIT YIN MORE THAN 25 countries hope to whet the appetites of one of the world's most populated regions when they participate in Asia's largest food exhibition in Singapore. They will present products related to the food and
      482 words
    • Article, Illustration
      European bank to help train POSB officers
      249 2 THE state bank of Luxembourg, Caisse d'Epargne de l'Etat du Grand-Duche de Luxembourg, will help to train Post Office Savings Bank (POSB) officers in full banking operations. Mr Corneille Bruck, the state bank's chairman and general manager, told Business Times yesterday that this
      249 words
    • Article, Illustration
      TRADE TALK
      777 2 HELMETS Limited of the United Kingdom has appointed Dunlop Singapore as their exclusive sales agent in Singapore for the full range of military and police helmets. The new Alpha (Advanced Light-weight Protective Helmet for Aircrew) is now available for the first time in the Far East. By using
      777 words
    • Article, Illustration
      Smith Industries shifts Far East operations here
      400 2  -  By JOHN LIM SMITH Industries of Britain is transferring its industrial flexible ducting production for the Far East market to Singapore. The market here was previously served from its Glasgow plant. The general manager of the Singapore plant, Mr Peter Ho, said this
      400 words
    • Article
      Road safety song writing contest
      90 2 THERE were no winners in the open section for the Road Safety Song Writing Competition organised by the National Safety Council of Singapore last year. Response was poor for this section and entries did not live up to expectation. Although attractive prizes were offered and
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    • Article
      Sperry's $1.5m support centre
      406 2 SPERRY Pte Ltd is investing $1.5 million in a financial support centre here which will be operating within the next two months. This centre will have the responsibility of providing in-depth specialist support to Sperry bank marketing and support organisations in Southeast Asia and India. Mr
      406 words
    • Article
      Driving home message of Total Defence
      220 2 SINGAPORE is too small to be a threat to anyone. Because we were unprepared before, we have been invaded once. Today, we have far more to lose. We have to be well prepared. The answer? Total Defence military, economic, civil, social and psychological and
      220 words
    • Article
      Results of study on energy saving methods at conference
      286 3  -  By JOANNE YAP RESULTS of a research on the costs and benefits of alternative energy conservation measures will be presented at the forthcoming Asean Conference on Energy Conservation in Buildings. The research is one of three energy related subprojects in Asean
      286 words
    • Article
      Japanese icebreaker arrives here
      127 3 JAPAN'S ultra-modern icebreaker, Shirase, arrived here yesterday after a fivemonth maiden scientific research at the Showa Base in Antarctic, a Japanese Embassy spokesman said. The 11,700-tonne icebreaker, launched in December 1961, is commanded by Captain Mamoru Sato and has a crew of 174 and 11 observation
      127 words
    • Article, Illustration
      Philips sets its seal on computers
      744 3  -  By JEFFREY TSANG PHILIPS, a company normally associated with electric shavers, irons and television sets, is putting its mark on office automation and computer peripherals for banks. "We have identified two major areas for expansion of our operations office automation and computers for banking
      744 words
    • Article
      Asean countries compare notes on computers
      391 3  -  By MONICA GWEE THOSE who have information have power, and Asean countries would do well to treat information development as a resource sharing equal importance with energy reserves. All Asean countries are actively pursuing a national policy to hasten the use of computers. But,
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    • Article
      Reinforced concrete buildings likely to be firm favourites
      537 3  -  By CHEN QINGSHUN REINFORCED concrete buildings are likely to remain the staple of the Singapore building industry in the forseeable future, despite recent efforts to promote the use of structural steel. A spokesman for the National Iron and Steel Mills Ltd (NISM)
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    • Article, Illustration
      PEOPLE IN BUSINESS
      506 3 FRASER h Neave has appointed Mr Bernard Chen to the board of the company with effect from April 1, 1964. Mr Chen has also been appointed group general manager, Fraser Neave. Also with effect from April 1, 1964, Mr Taa Yam Pla will be appointed group general
      506 words
    • Article, Illustration
      Lord Bauer to give lecture
      171 3 LORD Peter Thomas Bauer, Professor of Economics at the London School of Economics, will be conducting a public lecture on the international debt crisis. The talk will be hekl on Tuesday, April 10, at 2.30pm at the Arts and Social Sciences Building, National University of
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      197 2 Why lunch at the Tang Court is not a wallet-breaking affair. A Special Lunch Menu. Created with an eye on budget for the discerning palate, and for those who do not want to linger over a long lunch. Fried chicken with young ginger and honey sauce. Braised waxed duck with
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      223 3 Morning, Noon Night Now you can travel Royal Executive Class on iu Breakfast Flight Our early morning breakfast flight leaves at 8.30 a.m., giving you a full day ahead in Bangkok. When i fou travel Royal Executive Class youll find luxury goe* a long way. We give you more leg
      223 words
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  • OVERSEAS
    • Article
      Rise in intra-Asia Pacific trade
      945 4 THE bulk of exports from developing Asia-Pacific countries has gone to Japan, North America and Westem Europe and, lately, the flow has been increasingly towards the region itself. The Economic and Social Survey of Asia and the Pacific 1983, a study of imports and exports
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    • Article
      Lock icon Haig looks back and has his say
      326 4 AFP FORMER US Secretary of State Alexander Haig, in his forthcoming memoirs, says that President Ronald Reagan. by announcing that he would send peacekeeping troops to Lebanon in 1962, unwittingly torpedoed an accord for simultaneous withdrawal of Palestinian, Syrian and Israeli forces. Extracts
      AFP  -  326 words
    • Article
      Lock icon Sharon seeks party leadership
      237 4 AP FORMER Israeli Defence Minister Ariel Sharon has formally told party leaders that he will challenge Prime Minister Yitzhak Shamir for leadership of his party. A second challenge, from Deputy Premier David Levy, is also considered a strong possibility when Mr Shamir's Herat Party, the senior
      AP  -  237 words
    • Article
      Lock icon Tea workers strike
      170 4 AP SRI LANKA'S major foreign exchange-earning industries, tea and rubber, were crippled on Sunday by a nationwide workers strike for higher wages and benefits. Sri Lanka is the world's largest exporter of tea, earning up to 40 per cent of its hard currency from it. Most of
      AP  -  170 words
    • Article, Illustration
      Shultz on effect of US pullout
      289 4 US SECRETARY of State George Shultz has said that the country has "suffered a lot" for pulling its Marines out of Lebanon, especially in its credibility with the Middle Eastern countries. Mr Shultz also said that the US had had a "sometimes tempestuous, sometimes
      289 words
    • Article
      Lock icon Vatican Bank chief being investigated
      132 4 UPI AMERICAN Archbishop Paul Marcinkus, president of the Vatican Bank, is being investigated for suspected embezzlement involving a real estate company. Three leading Italian newspapers said on Sunday that prosecutors wanted to know why Mr Marcinkus and two bank aides made a 50-billion lira loan
      UPI  -  132 words
    • Article
      Lock icon Arab League warns against embassy move
      280 4 UPI ARAB nations, in a move which observers believe is aimed primarily at the US, have warned that they may impose sanctions on any country which moves its embassy in Israel to Jerusalem. Arab League secretary general Chedli Klibi said that delegates to a
      UPI  -  280 words
    • Article
      Lock icon Israelis reopen Lebanon road
      262 4 Reuter ISRAELI forces are reported to have reopened a road linking occupied South Lebanon with the rest of the country. Lebanon's semi-official television said on Sunday night that Israeli troops opened the mountain road between the village of Bater and the town of Jezzine for part
      Reuter  -  262 words
    • Article
      Lock icon Call for greater cooperation to fight against global threats
      477 4 AP GREATER international cooperation is needed in the next decade to combat global threats ranging from nuclear war to lower standards of living. A draft trilateral commission report, prepared for discussion at a closed-door meeting of the commission, which is composed
      AP  -  477 words
    • WORLD IN BRIEF
      • Article
        Lock icon KUWAIT APPROVES OF TEST-TUBE BABIES
        553 4 Agencies KUWAIT'S religious authorities have approved test-tube babies, but with tight controls. The approval, in the form of a legal opinion from the Endowment Ministry's General Authority, followed a request by the Health Ministry for a religious ruling on the practice. The authority emphasised the
        Agencies  -  553 words
    • Article
      Lock icon Marvin Gaye killed by father
      407 4 UPI AMERICAN singer Marvin Gaye, whose rhythm and blues songs over nearly 25 years included "I Heard it Through the Grapevine" and 1982 Grammy winner "Sexual Healing," was shot and killed by his preacher father while his mother watched. Los Angeles police said yesterday that
      UPI  -  407 words
    • Article
      Lock icon New battle over War Powers Act
      350 5 NYT THERE are clear signs that Congress and President Reagan may be heading for a new struggle over the War Powers Act. Last year, the battleground for this institutional rivalry was Lebanon. This year, it seems likely to be El Salvador, and the neighbouring
      NYT  -  350 words
    • Article
      Lock icon Gleaming outlook for American steelmakers
      332 5 NYT AFTER declining throughout 1962 and much of 1963, steel prices are finally gathering strength, and analysts have predicted increases through the rest of the year of perhaps as much as 10 per cent. In the US$3O billion US steel industry, these price increases, along
      NYT  -  332 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      791 5 ARRIVALS Service Local Operator Number Time From FT FT75 0040 JFK LAH/ORD ANC NRT TPE CAL CI009 0040 TPE PAA PA5 0225 JFK SFO HKG MAS MH681 0620 KUL MAS MH601 0905 KUL MAS MH671 0935 KUL MAS MH811 0940 PEN RBA BI421 1000 BWN SIA SQ103
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    • Article
      Lock icon Spring brings hope to retail business in America
      311 5 NYT SPRING retail badness in the US, with a difficult March behind It, Is expected to Improve starting this week, providing a strong final month to an excellent first fiscal quarter, according to merchants, analysts and economists. That fiscal period, which began
      NYT  -  311 words
    • Article
      Lock icon Managers say economy expanding
      142 5 Reuter THE first quarter of 1984 ended with the US economy continuing to expand, according to purchasing managers polled by the US National Association of Purchasing Management (NAPM). One indication of the March strength of the economy was the continued slowing of shipments from suppliers, a
      Reuter  -  142 words
    • Article
      Lock icon US$13,400 for 'The Lucky One'
      133 5 AP LAURA Branigan of the US, singing "The Lucky One", won the U5513,400 Grand Prix award on Sunday in the 13th Tokyo Music Festival, a festival spokesman said. The winning number was composed and written by Bruce Roberts and arranged by Gene Page. Gold prizes
      AP  -  133 words
    • Article
      Lock icon US said to be ineffective in human rights efforts
      465 5 AP THE US has a spotty record of applying its views on human rights to foreign policy and even if it were more consistent, Washington would have little impact on such nations as Cambodia and North Korea. A study by the
      AP  -  465 words
    • Article
      Lock icon China wants more trade with EEC
      216 5 AP CHINA wants to expand trade with the Common Market and believes a powerful Western Europe protects everybody's interests, a senior Chinese official told a delegation from the European Parliament in Beijing. "There is no conflict of interest between China and Western Europe," said
      AP  -  216 words
    • Article, Illustration
      Lock icon Mondale gains more ground in campaign
      452 5 Primaries '84 AP FORMER US vice-president Walter Mondale, front-run-ner in the count of delegates for the presidential nomination of the opposition Democratic Party, appeared to be gaining even more ground on his two rivals on Sunday as they battled for votes in New York
      AP; AP picture  -  452 words
    • Article
      Lock icon HK agreement by September, says Chinese minister
      355 5 Reuter AP CHINA believes it will be able to reach agreement with Britain on the future of Hongkong before September, according to an interview with Chinese Foreign Minister Wu Xueqian published yesterday. Britain and China have been holding secret talks for the past
      Reuter; AP  -  355 words
    • Article
      Lock icon Kim says US mooted three-way talks idea
      161 5 AP NORTH Korean Foreign Minister and Deputy Premier Kim Yong Nam told Japanese reporters in Pyongyang on Sunday that the proposal for three-way talks involving the two Koreas and the US originally came from Washington, the Japan Broadcasting Corporation (NHK) reported yesterday. In
      AP  -  161 words
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      104 4 a a a a n a a a a a a a a a a a a a a -Mm, H. v» tbepjl *UANTAN s ss?^ s sZ^S:g^''o tel Oor" no,e Hya n a Touch a 1> < t" a a 4: r 4 Sttf> i *T '"7 J»/- l¥
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      21 5 Fly Pan Am To The USA Daily And To More Than 60 U.S. Cities. H| Pan Am.You Can't Beat The Experience.
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      175 5 Samsonite's 2 Super Bargains larga^r 100 TRADE-IN OFFER brought back by popular demand on 2 latest best-selling suitcase models Surrender any old bag regardless of brand.size, age and condition. It's worth $100 off the retail price of a new Silhouette 200 or 2000 white-frame suitcase 25%0ff retail prices on 2
      175 words
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  • RAW MATERIALS
    • Article
      Lock icon KLCE members seek EGM to replace board
      381 6 AFP MEMBERS of the Kuala Lumpur Commodity Exchange (KLCE) seek another extraordinary general meeting so that the KLCE management board, which has run into allegations of misconduct, can be replaced or restructured. The government has already set up a special tribunal to probe
      AFP  -  381 words
    • Article
      Lock icon Jakarta aims to export more pepper
      132 6 AFP INDONESIA hopes this year to be able to export some 40,000 tonnes of pepper worth US$6O million, up some 25 per cent from last year, an industry official said in Jakarta. The forecast was made by the new executive director of the International
      AFP  -  132 words
    • Article
      Lock icon Full sugar conference likely to be in June
      330 6 AFP A FULL negotiating conference aimed at a new international sugar agreement is "likely" to be held in Geneva in June, sources close to the International Sugar Organisation (ISO) said on Friday. Accommodation was reported to have been provisionally booked from June
      AFP  -  330 words
    • Article
      Produce exchange
      161 6 CHINESE Produce Exchange, Singapore, noon closing prices per 111 kg yesterday. Coconut oil: Bulk fob $200.00 sellers, old drum (in second hand drum) fob $213.00 sellers, new drum fob $217.00 sellers. Copra: Mixed (loose) $115 buyers. Pepper: Muntok white pepper fob Asta NLW $627.50 sellers, Sarawak white pepper
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    • Article
      TEXTILES
      195 6 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cotton Yarn: China Blue Phoenix 20's 3,560 32's 4,030, 40 s 4,130 (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq. Dragon Head unq, Five Lambs unq, Flower and
      195 words
    • Article
      Lock icon Cocoa production higher
      223 6 Bernama MALAYSIA'S production of dry cocoa beans last year is estimated to have increase by 23 per cent to 80.000 tonnes from the previous year's output. The production increase was due to the new bearing areas of about 19,360 hectares and also to the increase in cocoa
      Bernama  -  223 words
    • Article
      Lock icon India may suspend palm oil imports
      139 6 Reuter INDIA has proposed suspending buying palm oil from Malaysia until prices return to a normal level. State Trading Corp of India (STC) chairman PC Luther said yesterday that palm oil comprises about 40 per cent of India's total edible oil imports. Mr Luther
      Reuter  -  139 words
    • Article
      Lock icon Fall in rubber prices affect KL's output
      391 6 Bernama CONTINUOUS decline in rubber prices as a result of sluggish demand from industrialised countries caused Malaysia's rubber output to stagnate at around 1.5 million tonnes annually during the first half of the Fourth Malaysia Plan (1981-83). According to the report on the
      Bernama  -  391 words
    • Article
      PALM OIL
      191 6 MALAYSIAN crude palm oil prices yesterday eased on continued selling and lack of interest, with the substantial increase in export duty on crude and processed palm oil announced by the Malaysian Government offsetting Pakistan's presence in the market. Pakistan bought 13,000 tonnes of RBD palm oil at its
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    • Article
      LONDON MARKETS
      946 6 COFFEE: Robusta futures yesterday were £2 higher to £3 lower after a quiet morning session which lacked fresh feature. The market opened around £8 lower, about in line with the New York close, then drifted in thin volume. May finished at £2,054, £2 higher, £54 above July which
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    • Article
      RUBBER
      349 6 THE RUBBER market in Singapore yesterday closed slightly lower with April One RSS buyers quoted at 225.00 cents a kilo, down 2.25 cents from last Friday's close. After a higher opening, prices improved initially on speculative buying but freer offerings of April One RSS came out to push values
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    • Article
      CLOSING PRICES
      30 6 Rubber: April 2 Singapore: April 225.00 cents (down 2.25 cents) Malaysia: April 248.00 cents (down 2 cents) Tin: M 529.15 per kilo (unchanged) 86 tonnes (up 30 tonnes)
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    • Article
      Straits Tin
      76 6 THE Straits tin price in Penang yesterday remained at the ITA floor of M 529.15 a kilo after held at this level since March 6. Dealers attributed the steadiness to a continuing shortage of demand amid a high premium over the price in London. The buffer stock manager
      76 words
    • Article
      RICE
      321 6 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second class 0.82, 100 per cent third class 0.78, 25 per cent new crop no stock. B-10 per cent no stock. THAI BROKEN: A-super 0.63, Special
      321 words
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      RAS PRICES
      468 6 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 226 50 227.50N 225 00 226 OON In! 1 R.S.S. April 226 50 227 50 225 00 226.00 Int. 1 R.S.S. May 231 50 232 00
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      182 6 1983 results of Kleinwort, Benson, Lonsdale pic for the year ended 31st December Profit after tax £21.7 m Total dividend per share 12p Earnings per share Shareholders' funds Capital resources including loan stock, deferred tax and minority interests Total assets 39.7 P <£215 m £293 m <£4,240 m "The results
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      185 6 How Asia's Business Stay Informed. WALL STREP Five days a week, Asia's business leaders rely on The Asian Wall Street Journal for timely and objective business news. With reporters based in 10* Asian countries, it's the only regional daily business publication. And only The Asian Wall Street Journal shares the
      185 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Australian merchant banks call for more forex licences
      217 7 Reuter THE AUSTRALIAN Merchant Bankers Association said it is urgent the federal government consider issuing more foreign exchange dealing licences in view of the volatility of the Australian dollar recently. In a submission to the government, the association said the volatility should
      Reuter  -  217 words
    • Article
      Lock icon Riyadh forecasts US$13bn deficit
      216 7 AP OIL-RICH Saudi Arabia said it expects a second consecutive annual budget deficit, totalling US$l3.l billion, for fiscal year 1984-1985. The projected deficit is based on expenditure of 260 billion riyals (U5574.28 billion) against expected revenues of 214 billion riyals. Saudi Arabia's fiscal year begins April
      AP  -  216 words
    • Article
      Lock icon Yugoslavia faces tough economic choices at home
      611 7 Reuter YUGOSLAVIA has won more breathing space from the West to help resolve its debt crisis, but its hardpressed economy faces crucial choices at home, western experts say. Agreement with the International Monetary Fund (IMF), after months of negotiations for a US$5OO million
      Reuter  -  611 words
    • Article
      Lock icon Broker still expects UK inflation at 7 1/2pc
      302 7 Reuter STOCKBROKER Hoare Govett said it continues to forecast that inflation in Britain will be 7'2 per cent by the end of this year and not 4 1 2 per cent as expected by the British government. Other weekend assessments of the
      Reuter  -  302 words
    • Article
      'Asia will catch up in cash management'
      483 7  -  By SOH TIANG KENG ASIA will catch up with the US and Europe in the use of electronic cash management (ECM) by 1986, predicted Mr Nicholas Greveille, vicepresident and country corporate officer of Citibank in Singapore. Speaking yesterday at the opening of the
      483 words
    • Article
      Lock icon US credit markets likely to be stable
      470 7 Reuter ANALYSTS said after the turbulence of recent weeks credit markets may show relative stability in the near term as the Fed reviews its policy alternatives. Mitchell Held of Smith Barney, Harris Upham and Co said: "Most available data point towards a tightening
      Reuter  -  470 words
    • Article
      BANK NOTES
      328 7 DAIWA Securities and Kyoto Credit Association, a small bank, have received permission from the finance ministry to launch a deposit-and-bond account on April 9. Automatic transfers of 100,000 yen or more will move from a Kyoto demand deposit account and a Daiwa medium-term national bond fund when the
      328 words
  • MONEY AND EXCHANGES
    • Article
      Gold
      293 7 GOLD futures in Singapore yesterday closed slightly firmer after fluctuating within a narrow range in featureless trading. Total sales for the day were recorded atone lot. June closed slightly higher at U*****.50/398.50 an ounce compared with New York's Friday $394.00/394.70 close and August at $402.50 405.50 compared with $400.50/
      293 words
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      Prime rate
      23 7 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.187 per cent.
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    • Article
      Silver quotes
      35 7 Frl Than New York 9.80B 9.73B 9.85S 9.78S Zurich 9.70B 9.77B 9.75S 9.83S Mm Frl Singapore 9.75B 9.72B 9 80S 9-77S Closing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore.
      35 words
    • Article
      Hongkong
      80 7 THE US dollar ended yesterday mixed in featureless trading. It traded at 2.5825 5832 marks after opening at 2.5820 40 and touching a high near 2.5860. Banknote rates yesterday: (HK per 1): US 7.78/7.80 UK 11.13 11.33 Brunei 3.72 3.73 West Germany 3.005 3.025 Malaysia 3.39/3.41 Philippines 0.46 0.49
      80 words
    • Article
      London
      85 7 THE dollar opened slightly lower yesterday in quiet trading with operators reporting no obvious trend for the US currency and awaiting US entry into the market later yesterday. Opening quotes yesterday: IIS 1.4405/15 Can I S Cross 1 380 .275 m D Mk 3.7225 60 DF1 4 2000 35
      85 words
    • Article
      Singapore market
      464 7 THE US dollar was quietly traded against the major currencies yesterday and closed on a firm tone. Against the local dollar, the greenback opened at 552.0845/65 and closed at 552.0850/55, marginally higher than the week-end closing. For most part of the day, quotes moved within a very narrow
      464 words
    • Article
      Tokyo
      211 7 THE dollar yesterday closed lower at 223.95 yen against the 224.40 50 New York close on Friday in moderate trading on late selling by banks. The dollar was also easier against the mark at 2.5830 37 against the 2.5830 45 New York finish. Interbank operators sold dollars towards the
      211 words
    • Article
      ASIAN $
      191 7 ASIAN ASIAN currency deposit interbank rates as at 5 pm on April 2: US Dollar* Offer Bid 7 days 10 7/16 105/16 1 month 10W 10* 2 months 10H 104 3 months 1011/16 109/16 6 months 10 15/16 10 13/16 9 months UK 11W 12 months 119/16 117/16 Da*. Sw.Fr*.
      191 words
    • Article
      Discount
      5 7 Source: National Discount Co
      5 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      42 7 A DBS Finance Factoring Plan is *0 fa* v* t o\v? e. v v I DBS FINANCE 6 Shenton Way #02-07 DBS Building Singapore 0106 Please send me. without obligation, your new book on Factoring. Name: Designation: Company: Address: Singapore: _Tel No:
      42 words
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  • Article
    Mending the tear in time
    501 8 A LOOSE thread is unravelling the ambitions of the Textile and Garment Industry Training Centre. Set up in 1982 with hopes of imparting the finer points of the rag trade to Singapore's garment manufacturers, the centre is now facing financial difficulties due to irregular student
    501 words
  • Article, Illustration
    GE's Singapore veteran tackles a cruel stroke
    1745 8 THIRTY-SIX years with one employer is no mean achievement. This is nothing uncommon, however, in the General Electric Co (GE) community. For Mr Gilman C Harvey, not only has he chalked up 36 years, he has spent the last 14 in Singapore. That
    1,745 words
  • Article
    Lock icon International debt — climbing out of the crisis in Argentina
    921 8  - International debt climbing out of the crisis in Argentina By LEONARD SILK NYT THE central fact of Argentina's immediate debt crisis, one on which even its creditors agree, is this: the Argentines cannot get out of the hole they are in by themselves. Although everything about Argentina's situation is a
    NYT  -  921 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      105 8 II MO! ICal n 1000 lots of imported Jewellery and loose diamonds. Date:— Sunday Bth April 1984 Venue:— Sir Henry Keppel Room Hyatt Regency Singapore Time:— 1030 am sharp Viewing:— 9.00 am onwards on day of sale Hn.tii \l PrMr Onti Sini),.p...v OH7? Irl 339U33 i un Victor Morris Pte
      105 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      654 8 -IN-ONE CROSSWORD J CRYPTIC PUZZLE ACROSS 3 Tough letter with a rash possibility (5) 8 Female yacht wrecker (5) 10 Maxim, possibly (5) 11 Character of a marsupial (or its tail) (3) 12 Step on it! (5) 13 Timely records (7) 15 Turns aside from the unsettled part of Everest
      654 words
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  • Article
    Lock icon Oil palm plan hurt by controversy
    935 9  -  A potentially valuable development project on Mindanao, the second largest island in the Philippines, has become embroiled in controversy involving peasants, the Church and the British government, reports CHRIS SHERWELL. CHRIS SHERWELL FT MAGTAN Oson has twinkling eyes and grey shoulder-length hair, wears beads
    FT  -  935 words
  • Article, Illustration
    Lock icon Silicon Glen may prove to be Scottish workers' saviour
    673 9  -  By ROBERT WOODWARD Reuter IF NORTH Sea oil runs oat as feared towards the end of the century, many Scottish workers coold be kept ont of the unemployment queue by another unlikely saviour the microchip. Two hundred microelectronics firms are already
    Reuter  -  673 words
  • Article
    Lock icon Futures threaten to be the tail that wags the dog
    759 9  -  By H J MAIDENBERG NYT EVER since the first organised futures exchange was opened by the Chicago Board of Trade in 1851, traders have wondered to what extent the cash and futures markets influence each other. Today, many experts believe
    NYT  -  759 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      581 9 Tomorrow's whizz-kids need this computer today! No penny arcade kid s stuff here This is the personal computer commissioned and designed specifically for the British Broadcasting Corporation's nationwide "Computer Literacy programme It is recommended by the Department of Industry for Primary and Secondary schools throughout UK and is now the
      581 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      970 9 T.V;&"R'A<DTO SINGAPORE 5 1 2.25 PM SBCTEXT "Live" Sample Pages 2.55 Openinf and Programme Highlights followed by My Way (Mandarin with English subtitles/r) 4.35 Story Time (Tamil/r) 4.55 Open House Theatre: Featuring a Mexican dance troupe and Paul Tracy, a storyteller and singer from Africa. 5.20 Man from Atlantis Melt
      970 words
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  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      922 10 Where to wine, dine and entertain toda The total card that incorporates the features of a credit card, charge card, cheque card, cash card and purchase card neatly into one. Call Julia at *****97 (20 lines) for an application form. n Just the right touch of magic to turn your
      922 words
    • Advertisement
      Page 10 Advertisements Column 2
      229 10 Daily Buffet Lunch at GOFFBE GARDEN Beef Curry.-R-ork Spareribs. Ayam Panqqanq. Roast L*-*q of Lambandmany more delicious d'shes 12 noon 2:30 pm Adult: $14 Children under 12: $10 w. in. -v Va N! wm For reservations, please call *****22 ext 142/917 or direct line *****42 :c=»:crv. f I Qtafining garden
      229 words
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  • INTERNATIONAL STOCKS
    • Article
      Tokyo companies trying to raise profit
      478 11 JAPAN'S large trading companies, which have had little sales growth and marginal profit gains in recent years, are looking for new areas of profitability, especially in high technology and more offshore business, trading house sources said. They are being forced by Japan's recent industrial
      478 words
    • Article
      Market closes firmer
      436 11 HONGKONG STRONG BUYING support yesterday from both local and overseas investors boosted share prices after early losses.Active short-covering and bargain hunting were cited as the major factors in the Hang Seng Index's 9.58 point rise to 1,023.96. The index fell to a mid-morning low of 981.83, 32.55
      436 words
    • Article
      Tokyo ends at record high
      445 11 SHARE prices yesterday rose sharply in active trading and the market average closed above the 11,000-point mark for the first time, dealers said. The average rose 81.69 points to 11,050.10 after rising 39.24 last Saturday. It was the sixth successive session to ended at a
      445 words
    • Article
      Manila
      91 11 APR 02 Pesos Aco)e Mining Anglo Phil Apex Mining B ZZZZ Atlas Con B 41 so Z5 Bagulo Gold 0001 unch Basic Petroleum 0 0046 unch Benguet Con B CDCP 127 1 First Phil Hldg3 7.HI l ao -05 Lepanto B 7 6.83 Marlnduque B 8 unch Marsteel Oriental
      91 words
    • Article
      Bangkok
      130 11 SHARE prices closed generally slow trading on yesterday lower in a lack of Rama Tower Sana Union Sermsuk Slam Cement Slam City Cement Slam Credit South Asia Fibre Thai Commercial Bank ,5*8 i i i i unch >2 -22 incentive. APR 02 Aokham Thai Bahts 1 unch -2 440
      130 words
    • Article
      Lock icon Enstar Corp decides to put up company for sale
      394 11 NYT THE Enstar Corp, an Houston-based oil and gas producer facing a fight for control by a dissident stockholder, has put the company up for sale. "Under the circumstances," Charles Honig, 65-year-old chairman of the company, said, "we recognise that the
      NYT  -  394 words
    • Article
      Sydney finishes mixed
      377 11 SHARE prices yesterday closed narrowly mixed in quiet trading on the first day of deregulated brokerage rates. Near the close the AllOrdinaries Index was down 1.9 at 748.6 with the AllIndustrials up 0.2 at 967.4 and the All-Resources down 3.4 at 574.4. National turnover was 23.79 million
      377 words
    • Article
      Taipei
      189 11 APR 02 NT 4/All Sincere Indus Asia Cement Z. 30 90 4 0.1 Cathay Cons Chang Hwa Bank Chen Loong Chta Hiln Cement 33 10 unch China Chetn China Den China Elect Wire 18-20 -0.2 China Oulf Plas 1990 -0.1 China Rebar 1206 -0.05 China Steel Chung Chin Te*
      189 words
    • Article, Illustration
      Lock icon Big bonuses expected to cause dissatisfaction
      632 11 Philip Caldwell, chairman of Ford Motors, grossed a total income of US$7.3l million for last year. Unionised car workers will probably expect the industry's good trend to benefit them as well when the United Automobile Workers negotiate with Ford and QM for new contracts
      NYT  -  632 words
    • Article, Illustration
      Lock icon Porsche may pose problems
      768 11 Reuter THE public offering of 35 million marks of shares announced last week by sports car maker Dr Ing HCF Porsche AG is expected to be snapped up by investors, stock market analysts said. But Porsche's decision poses the market with the prospect of digesting what
      Reuter  -  768 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      69 11 Manager Commodities Operations International group, active dealers and brokers in metals, oils and softs wish to appoint a manager to head up a new office in Melbourne. Candidates must have extensive L.M.E. experience, including ring dealing time, and comprehensive knowledge of L.M.E. and I.C.C.H. clearing systems. Working knowledge of commercial
      69 words
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      Page 11 Advertisements Column 2
      177 11 Whether you are about to register a business firm or incorporate a company, it is essential that you know the liabilities involved. \\YW> SSV ..»>vv>V s A CA»' SUA' 0 1 Ll SS7. 50 Published by TIMES BOOKS INTERNATIONAL Times Centre. 1 New Industrial Road. S pore 1953 Tel: *****44
      177 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2615 12 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. All Time Settlement Contracts are quoted after
    2,615 words
  • Article
    Unit trusts
    186 12 Nuagen' prte «s f*r April 3 SINGAPORE UNIT TBI'ST The Commerce 3 3.61 The Savings Fund 1.96 2.0B S pore Prog Fund 1.45 1.M S pore Sec. Fund 2.23 2.37 S pore Invest Fund 1.19 1.36 S pore Equity Fund 1.44 1.53 ASIA I MT TRI ST Mai
    186 words
  • Article
    SHARE INFORMATION SERVICE
    3555 12 IMU Hi«k UB4 Lew C«MH>T Last SaU Gr'a DW DW Cn Gr'a YTd Nat P/E Vol <•000) Day High Law 172 310 905 280 275 390 111 430 322 278 544* 408 900 710 300 478 416 536 1000 438 906 1410 303 686 900 386 470
    3,555 words
  • Article
    In Kuala Lumpur
    2052 12 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. IMHJSnUAU AleMl (2.268 2.275) (4) 2 26 (2) 2 25 (1) 2.28
    2,052 words
  • Article
    Shares fall in quiet trading
    814 12 WITH little baying interest to support prices yesterday, shares generally drifted tower in lacklustre trading. Double-digit falls were apparent In mast sectors of the market while the top price gainers were qalte minor in comparison. At the final bell, the Straits Times Industrial Index feU
    814 words
  • Article
    KL stocks end slightly lower
    517 12 THE LACKLUSTRE trading of the past week was extended on the Kuala Lumpur stock market yesterday with shares generally marked a few cents lower. After a slightly softer start, prices moved narrowly easier for most of the morning session. Interest remained low-keyed in afternoon trading.
    517 words
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  • COMPANY NEWS
    • Article
      Banks go back on growth path
      412 13 A CLOSER look at the Big Four performance in 1163 reveals that Singapore banks have fared quite well in the face of less favourable conditions than those enjoyed in previous years. In a non-inflationary environment, it would have been too much to expect the
      412 words
    • Article
      COMPANY MEETINGS
      378 13 AMCOL Electrical Iadastries Limited: AGM to be held at 19, Wan Shih Road, Jurong, Singapore 2262 on April 5 at 10 am. ROTHMANS of Pall Mall (Malaysia) Berkad: EGM to be held at Virginia Park, Jalan University, Petaling Jaya on April 5 at 11 am. LIEN Hoe Industrie*
      378 words
    • Article
      MBfH forecasts M$13m profits
      397 13 MBf HOLDINGS Bhd (MBfH) has forecast group pre-tax profits of M 513.35 million after minority interests for the year ending Sep 30, 1984, after the proposed acquisition of Wisma City Sdn Bhd. This projected figure, however, appears to have been revised downwards by some $5 million
      397 words
    • Article
      Lock icon Observers divided about effects of Jardine's move
      745 13 NYT THE FULL details of Jardine Matheson A Co Ltd's decision to move out of Hongkong will not be known until the company's annual report is issued to the stockholders on May 14. The decision will then come up for approval at a
      NYT  -  745 words
    • Article
      DIVIDENDS ANNOUNCED
      1074 13 Carreat Ex Beaks Date Tetal fer Tetal fer Paymeat Date Ctoe Payable tke year Preview year AiCMD 1V4TE% May 9 May 22 Jun 21 5% 5% A«k*m 10%I Apr 4 Apr 14 May 3 10% 26% AjUOc Dev 34* Apr 5 Apr 17 Jul 23 34% Ayer Hltam
      1,074 words
    • Article
      SEAL remains cautious
      223 13 SEAL Inc Bhd (formerly South-east Asia Lumber) does not expect brighter prospects in the current year in spite of having made it into the black at the interim stage. The group reported unaudited pre-tax profits of MJ667.852 for the first six months to Dec 31, 1963 as
      223 words
    • Article
      Eu Yan Sang yet to decide on payout
      391 13 EU YAN SANG HOLDINGS LTD ku achieved creditable group results for the 12 (Maths ended Dee SI, 1163. Ea Yaa Sang, heat known far Its Chlaeae herbal trade, re parted a 22 per eeat climb la group earnings before tax to $1.15
      391 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      619 13 TIMES Business Dirrclory of Singapore DEVELOPED OVER A PERIOD OF 86 YEARS (BUKU MERAH) IJCAFT CAPTEVL GBOWTH TRUST (An Open-Ended Unit Trust) OKFKRS VOL' A CAPITAL GROWTH INYKST.MKNT OPPORTUNITY LYC AFT UNIT TRUST MANAGEMENT LTD., the Trust Manner, offers you an opportunity to invest in a new Trust. LYCAFT CAPITAL
      619 words
    • Advertisement
      Page 13 Advertisements Column 2
      315 13 MULPHA (SINGAPORE) LIMITED (Formerty known as Guthrie Berhad) (Incorporated in the Republic of Singapore) NOTICE OF MEETING NOTICE is hereby given that the Fifteenth Annual General Meeting of Mulpha (Singapore) Limited will be held at the Registered Office, 39 Sixth Avenue. Singapore 1027, on 11 May 1984 at 12.00 noon
      315 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      181 14 Rises Indices Taipiac Com 3100 Kickii SO« I960 B«aia 1000 81k Mai* I Ml 585 U M Flour 1180 Spor* Land 580 DBS 975 8 T P 1975 1060 D«tek Baby 610 Kwajiu 575 Bar jay a Kawat 410 Lioa Corps 250 Miiu hillt 268 Falls 350 +160 +160
      181 words
    • Article, Illustration
      KUALA LUMPUR
      143 14 Rises Indices GTHldgs Taiping Con P Chem Benta Khong Guan Kuchai Austral Ent M A A Seacorp 2500 3400 1740 1220 350 2150 565 1150 1740 +300 300 130 120 100 +90 45 40 20 Mar 30 MBT Indicator: *****55 NST Industrials: 1446.24 NST Finance: 2654.20 NST Hotels:
      143 words
    • Article
      Selected indices
      51 14 H.K.HANG SENG Friday 750.5 Week Ago 732-2 Monday 1023.96 Friday 1014.38 Week Agio 1156.96 AUSTRALIAN INDUSTRIALS FINANCIAL TIMES INDUSTRIALS Friday 877.0 Thursday 881.8 Week Ago 881.5 Monday 967* Friday 967.2 Week Ago 966.3 ALL ORDINARIES Monday "MM DOW JONE8 AVERAGE INDUSTRIALS Friday 1164 89 Thursday 1170.75 Week Ago
      51 words
  • Article
    Batu Kawan buys Kelantan Estates
    512 14  -  am 18 I Companies Editor: ALAN LEE j By NAJEEB JARHOM ASIATIC Development Bhd has entered into an agreement to sell its entire investment in Shanghai Kelantan Rubber Estates (1925) Ltd and KH Syndicate Ltd to Batu Kawan Bhd for M 118.5 million cash. Shanghai
    512 words
  • Article
    Brown Boveri still committed to M'sia
    432 14 BBC Brown Boveri of Switzerland's sale of part of its equity in BBC Brown Boveri (Malaysia) Sdn Bhd (BBMA) to Johan Holdings Bhd is an indication of the group's commitment to Malaysia. This was pointed out by BBC Brown Boveri's executive vice-president, A J
    432 words
  • Article
    Output from new mill lifts ASM earnings
    278 14 AMALGAMATED Steel Mills Bhd has more than doubled its interim earnings following a substantial increase in sales tonnage from its second rolling mill which was commissioned in June last year. The group's unaudited pre-tax profits for the six months to Dec 31, 1983
    278 words
  • Article
    RESULTS DUE
    215 14 Company Fed Cables KiUinghall Tin Ayer Hitam Rub Ganda Hldgs Lingui Period F F I F I Date Announced last year 16/2 24/2 4/3 4/3 10/3 Loot Poll Year Net EPS Gross (cents) Div. <%> 18.3(a) 4.6(a) 28.7(a) 35.7(a) 7.8 17.5 2.3 4.0 Net Profit (»Ht) 5,886* 8,026
    215 words
  • Article
    General Lumber says it has not received any official offer
    287 14 GENERAL Lumber (Holdings) Bhd has not been officially approached by Raleigh Cycles (M) Bhd or other parties keen on participating in the company. Chairman Datuk Kang Kock Seng said that he was not aware of any interested parties and brushed
    287 words
  • Article
    Central Prop pre-tax earnings rise 7.7pc
    350 14 CENTRAL Properties Lid, which Is cm trailed by IwteUer KkN Teck Put, has disclosed flat results for IKS. The Investment holding and property group registered aa unexciting 7.7 per cent rise la consolidated earnings More tax to $1.71 million for the 12 months to
    350 words
  • Article
    Allied Choc profits fall 24pc to $1.02m
    309 14 ALLIED Chocolate Industries has blamed the recession for its dismal first-half performance. The group, which manufactures and distributes chocolates and cocoa-based products, reported a marked 24 per cent fall in consolidated pre-tax profits to $1.02 million from $1.34 million previously. Allied Chocolate maintained,
    309 words
  • Article
    Sg Way Leasing seeks partners
    204 14 SUNGEI Way Leasing is exploring the possibility of teaming up with international financial institutions to give it greater strength and exposure in financial services. This was disclosed by its group general manager of corporate affairs, Mr Kee Chin Guan. The company, a subsidiary of the
    204 words
  • LATEST RESULTS
    • Article
      SEA View Hotel Ltd:
      34 14 Group pre-tax profits of $1.5 million (11.42 million) on group turnover of 16.73 million ($6.57 million) for the six months to December 1983. Group net profit stood at $927,000 ($806,000).
      34 words
    • Article
      TASEK Coment Bhd:
      38 14 Pre- tax profits of M 522.92 million ($17.44 million) on sales of $106.06 million ($97.77 million). An interim dividend of 10 per cent less tax has been declared and will be payable on April 30.
      38 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      109 14 Protect your office carpet -with Permasil dear plastic sheet t'y" n i Permasil clear plastic sheets protect carpet, increase mobility and provide floating feeling. Call Tel: *****55, *****61, *****31 today. FREE Delivery Sole agent: Inchem Products (Pte) Ltd 10, Anson Road, #22-04 International Plaza (0207) Tel: *****55. Tlx: RS *****
      109 words
    • Advertisement
      Page 14 Advertisements Column 2
      444 14 THE KUALA LUMPUR STOCK EXCHANGE AND ORGANIZATIONAL RESOURCES SDN. BHD. JOINTLY PRESENT A TOP-LEVEL NATIONAL CONFERENCE ON THE SECURITIES INDUSTRY IN MALAYSIA April 28. 1984 Ballroom. The Regent of Kuala Lumpur The Malaysian Securities Industry has seen some .mpactful developments such as the clearing of daily transactions, ana soon the
      444 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      57 14 OUTLOOK for today: Partly cloudy; showers in several areas in the mid-after-Report for 24 hoars prior to pm on April I at the airport: Maximum temperature 32.0 Associated humidity 69 Minimum temperature 252 Associated humidity 95 Hours of sunshine 9.40 Rainfall in millimetres 1.1 Total rainfall for the month 1.4
      57 words
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  • SHIPPING TIMES
    • Article
      Four out of ten vessels found to have defects
      358 15 FOUR out of every 10 ships examined in European ports under a new international agreement have deficiencies. Some are relatively minor problems but out of 12,000 inspections, 1,030 vessels have had to be detained in port for repairs. The defects have
      358 words
    • Article
      Fewer fraud cases investigated in Singapore
      561 15  -  By LINDA CHEE MARITIME fraud costs world trade some two billion dollars annually. But while it is increasing in some parts of the world, Singapore has been successful in reducing the number of fraud cases investigated in the past two years. Compared with 1980
      561 words
    • PORTSIDES
      • Article
        Lock icon Jopan-S Korea talks
        86 15 Reuter REPRESENTATIVES of Japanese and South Korean shipbuilding industries will meet for one day of talks tomorrow in Kyoto, a spokesman for the Shipbuilders' Association of Japan said. The consultations will be the fourth round of this kind and both sides are expected to discuss future world
        Reuter  -  86 words
      • Article
        Lock icon Yangtze line reopens
        184 15 Reuter THE son of a former capitalist has restarted his father's famous Yangtze River Shipping Line as a cooperative, the China Daily said. The old Min Sheng Line was one of the first private shipping companies to be wholly owned and run by Chinese before 1949, when
        Reuter  -  184 words
    • Article
      INDEX TO ADVERTISERS
      635 15 Shipping line Page C«l Abex Transport IV 4 Afea VI 3 Ahrenkiel Liner vn 5 Alpac VI 5 Antara Shpg IV I ARC Line V 4 API. m 4 5 Arrow Lines IV 2 ASCL m 1 Asiabroker V 5 A astasia Line V i Bait-Orient vn
      635 words
    • Article, Illustration
      Russia's Arkhangelsk port
      175 16 THIS is Arkhangelsk, Russia's first port with a long history to its name. Four hundred years ago, by an order d the Russian Czar Ivan the Terrible, Russia's first ship wharf was built on the river Severaaya Dvtna 45 kilometres south from Its White Sea estuary, which
      175 words
    • Article
      Lock icon TANKER RATES
      298 16 AFP EARLY activity was checked on the tanker market last week, following the Iraqi attack on a Greek tanker in the Gulf states area. Charterers quickly adopted a cautious attitude, while owners were uncertain as to what action to take. The level of business in the Gulf states
      AFP  -  298 words
    • Article
      Lock icon Another Smit tug attempts to free liner from sandbar
      466 16 UPI NEARLY 800 passengers aboard a cruise ship stuck on a sandbar off Grand Cayman island for four days began arriving in Miami on Saturday, saying the ordeal wasn't too unpleasant. There were lots of shows and free drinks. "It wan't
      UPI  -  466 words
    • Article
      LONDON FREIGHTS
      1639 16 ACTIVE coal and ore chartering on Friday featured the freight market, brokers said. Coal operators covered a 55,000 ton cargo from Hampton Roads to Japan at U5513.75 against 113.40 previously and a 120,000 ton cargo was arranged from Hampton Roads and Richards Bay to Japan at $12.45, up
      1,639 words
    • Article
      Lock icon Japanese builders stay afloat by cutting operations
      732 16 AP BOOKENDING the Tsu prefectural capital in central Japan are two industries that represent the might and the frailty of Japan's economy. Minutes away in distance but years apart in economic strength are Honda Motor Company's Suzuka Motorcycle and Auto Plant and the
      AP  -  732 words
    • Article
      CONSORTIA
      191 17 THE MAJOR shipping consortia operating between the Far East,/ Europe, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines ACE (PAR 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
      191 words
    • Article
      Lock icon UK industries' hopes for recovery may be threatened
      801 17 Reuter IN SPITE of record levels on oil production and exploration drilling in the British sector of the North Sea, British offshore construction yards have hit hard times. And a decision by a US firm last week to award a Norwegian yard
      Reuter  -  801 words
    • Article
      Lock icon India plans to declare port strike illegal
      309 17 Reuter THE INDIAN government is considering declaring India's port strike illegal in a bid to break a 19-day-old stoppage by 300,000 dockers, a senior port official said. The official, who did not want to be named, said the government planned to invoke the
      Reuter  -  309 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      5785 22 SHIPPING LIST where your ships are due and when SCHEBIHE A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port
      5,785 words
    • Article
      Container Schedules
      769 23 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godowns FCL Arrival for LCL Movement Ship Voy Date/Time Operator Cargo Schedule Location Anson Stri Bhum N Zircon Strathconon Nan Hwa E Guard Wllllne Taro E Pioneer Zlm Trieste Toyama Bremen Exp Family Ace Sea Hawk Takari II K Kanevskiy
      769 words
    • Article
      WHO ACTS FOR WHOM...
      1751 23 The leading shipping lines operating from local ports and their agents. A-B UT.A African Shipping Agencies (S) Uk-EwmU Um Transgroup <S>. Ahreakiel Liaer Service Kim Shpg (S). Alfred C Taepfer Sea Consortium (S) Manntex Enterprise (PK). Alftr Intrasea (Si Biniang Shpg (KL) Island Cargo Handling and
      1,751 words
    • Article
      SHIPS IN PORT
      445 24 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 3.4.84/2300 Equator III 22 T Soon alongside Golden Odyssey 33/4 Harper alongside 3.4.84/1800 Kota Mewah 13/4 PIL alongside 3.4.84/1830 Ned Loire 44 Ned-EAC alongside 3.4.84/1100 Rajah Brooke 20 SSPL alongside 3.4.84/2200 Safina-E-Rehmat 3/4 Worldwide alongside 3.4.84/1500 Yue
      445 words
    • Article
      SHIPPING EVENTS
      889 24 March 28-April 5 19th international mechanical handling exhibition, Porte de Versailles Exhibition Centre, Paris. April 1-5 Second Saudi Oil Show, Al-Kohbar, Saudi Arabia. April 1-4 Marine insurance, Lloyd's of London Press Maritime Business Publishing seminar, Hyatt Regency Hotel, San Francisco. April 2 Structural surveys of oil tankers, 1730
      889 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      322 15 TIMES Business Directory of Sin#M>orc J (BIKU MKRAH) GIVES YOUR PRODUCTS SERVICES THE PROMINENCE THEY DESERVE <™rr. I \R D 1 AN I AH FULLY CONTAINERISED SERVICE *1 SEA BRDCE ¥451» cmm corn wo »n CtCVAUEA DOS 3tW N GWCT 1W MERCATOR 3SN KOREAN CHANCE 17* TRANSWORLD BHDS 20W KOREAN
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      365 15 HSEALORDO R UASC J UNITED ARAB SHIPPING CO SAG) L_ NATIONAL LINE OF BAHRAIN. IRAQ. 1 KUWAIT. QATAR. SAUDI ARABIA AND i UNITED ARAB EMIRATES EXPRESS MULTI PURPOSE SERVICES FULLY CONTAINERISED SERVICE I'KOM .IAI'AN TAIW \N lIOMikOMi M MRQAB V 4 At MAJNYAH W 11 MAJBA i r Al MANAKH
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      28 15 I mm LONDON Freights H/HI CONSORTIA m SHIPPING Schedule Vm/IX CONTAINER Schedules IX WHO Acts for Whom IX SHIPPING Events X SHIPS In Port X REGIONAL Weather X
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      Page 15 Advertisements Column 4
      949 15 I ODESSA OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****3 MAERSK LINE EXPORT FULL CONTAINER SERVICES .< i m, ;i m inn Saied *M. RANDO 5-5/4 12-12/4 19-19/4 26-26/4 3-3/5 SWGAPOtt CIOSWG TMES *CV
      949 words
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      437 16 FAR EAST/EUROPE CONTAINER SERVICE T<^^urop€ S'pore 2) 3) H-bwf 4) Gbufj From Europe VESSEL I) Gbwi|2)Kbw|| 3) B'nn [4) r«M>| S) Li H Spor* 1 KEMUNN B. MTMG B.REMMN t BUTANE k. KQMfIM SBUTANG I rniK L BUTANE Sailed 8/4 15/4 22/4 29/4 6/5 13/5 20/5 SELANDM N DC MA
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      423 16 Y.S. LINE USA/CANADA Z~E*CMBIBBE« XjZJj^ES^BIjP^KiS YAMASHITA-SHINNIHON LINE CONTAINER SERVICES Pacific South Whl Pacific North WMt Fwdw at Tokyo Faadar at Koba Faadar at Koba MMhar« U/U OK M» *S1 »T «C* PU> HMmt I MIIAMCf M/ 4 J/5 MB* $/5 7/5 11/5 II TOW M iz/5 13/5 ic/5 r asmma
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      846 17 The Straits Steamship Group OCL Overseas Containers Limited Stan Htm H/4 34/4 M/ 4 12/5 •0/5 10/5 17/5 19/5 23/5 H/5 U/S H/t n/f ie/c 14/4 11/1 23/4 25/4 ALSO ACCEPTING CARGO FOR; Kaatef :I* Cepeohafea. Aaito*, SKtmiwi. I Rattartan :to Wwqi AwtorlaM IrwirttHn to fcww IK rofiem. Beinr l
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      Page 17 Advertisements Column 2
      686 17 NOTICE We are pleased to advise that Intrasea (Pte) Ltd will be appointed as our general agents in Singapore as from Ist April, 1984 to handle our container leasing business. Taking this opportunity, we wish to express our gratitude to the former agent, Messrs Trucontainer Express International (S) Re Ltd
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      665 18 Hapag-Lloyd I 10 COMTINF NT Hamburg E ipress Tatua Eipress Osaka Bay Benaron Mano Maru Oakland Seattle Tacoma 8,5 10/5 8/5 10/5 15/5 17/5 22/5 24/5 Connecting m Tokyo Connecting m Kobe "Also occeptmg cargo tor ATLANTIC GULF PORTS via mmilondbridge, ond US MID-WEST by microbridge I TROM CONTINENT UK
      665 words
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      Page 18 Advertisements Column 2
      410 18 FULLY CONTAINERISED SERVICE TO [UKOft VIA smz 1 **tmber 0 the Act Consortium S parc r Krijnf LcHjnc R'tfan FttWN H'bwj Antwerp J/4 7/4 25/4 26 4 28/4 30 4 5 i 13/4 14/4 2/5 3/5 5/5 7/5 10/5 20/4 21/4 J 9/5 10/5 12/5 14/5 17/5 FROM EUROPf Vl#
      410 words
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      Page 18 Advertisements Column 3
      605 18 EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ii M ACCEPTMG Fa i La CARGO Nl IK HI IN M IHV E»er Gride MM 07 04 27/04 29/04 01/05 2/05 4/05 17/04 II M 09/05 11/05 13/05 U/05 It 05 E»er Guard 25/04 20/0 A 17/05 19/05 71/05 *2/05 *4/05 also acceptor
      605 words
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      917 18 Everett Lines COMPANIA PERUANA DE VAPOREES (C.P.V.) PERUVIAN STATE LINE" I oddmg tor Clbo Mata'an. lo and other Pffuman pom with transhipnwm at Hongkong and or Hot* On CPV Ihtougti B-Hs ot lad"* lo tinal destination Pwunj P KHan| S«tapore lOHNEVERETT 13/15 Apr 16/17 Apr MURRAYEVERETT 18/19 Apr 20/21 Apr
      917 words
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      214 18 US I NOSE MARITIME PTE LTD |f](l ISLAMIC REPUBLIC OF IRAN SHIPPING LINES KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC Sngapare PKefanj loadnf far: ARGUS 7/4 Noumea Lautoka. Suva. Papeette, Pafo, Apia, Nauru KVOWA COSMOS 23/4 Lac, Rabail P. Moresby. Kieta, Honiara. Noumea, Lautoka, Suva, Papeette, Pajo. Apia FULL
      214 words
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      872 19 PIL GROUP EAST AFRICA/REDSEA SERVICES VESSEL VOYAGE SINGAPORE LOADING FOR: KOTA MEGAH E-455 10-14/4 MOMBASA. HOOEIOAH, ADEN, JEDOAH. AOABA, PT.SOOAN KOTA WANGS A E-501 20-24/4 HOOEIOAH. JEOOAH. PTSUOAN. AOABA KOTA WIS AT A E-4M 2S-31/4 HOOEIOAH. JEOOAH. PTSUOAN. AQABA KOTARAKYAT E-503 2-5/5 HOOEIOAH. JEOOAH. PTSUOAN. AOABA ACCEPTING CONTAINERS TO HOOEIOAH/AQABA/PT.SUOAN/MOGADISCIO
      872 words
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      870 19 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE niton FROM EUROPE HUH BTMVCN It DAM HAWK UK Hanfevf Ciptu Sad* Sadtd Sated bM Sated T<*« tipreM Sated Sated Sated Sated Sated Osaka Bay Sated Sated Sated SM Sated Bmatw Sated Sated Sated M Sated Mm Mare J/4 i/4 7/4 9/4 Kaluga
      870 words
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      558 19 DJAKARTA LLOYD INDONESIAN NATIONAL LINE NE ME ACCEPTMG BOTH CONTAROS. CONVENTIONAL CARGO MO BULK LIQUO CARGO FOR BOTH •PORTS MO EXPORTS MO ALSO TO/FROM UK MLMO PORTS. BREMEN. Lf HAVRE. OSLO, COPENHAGEN. AARHUS. Goneowc Sinq.tp<>■ EKA JAYA AGENCIES lelrphflne *****? !eniir\d ??3fefcB-J A Malaysia StSAI PTE I 10 It! Pf
      558 words
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      Page 19 Advertisements Column 4
      608 19 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loadmg for Rangoon Spore PHASHWEGYAWYWA 6/8 Apr PAGAN V 73 12/13 Apr HTONEYWA VI9O 13/15 Apr PA-ANV69 16/18 Apr P Kelong Penong 4/5 Apr 9/10 Apr bank line EXPRESS INDEPENDENT SERVICE TO UK/CONT SPORE I R'DAM HULL HMBG FORTHBANK
      608 words
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      1145 20 ECUADOR/PERU/CHILE FEEDER MOTWR I. BROGE *29 SEA WCOUWGMNT *4209 IV LINI —KAWASAKI KISEN KAISHA, LTD.VALPARAISO 11 to S ANTONO 13 to *lso ACCEPT* SHANGHAI, HSMGRANG. TSM6TAO, M 0». MH>. SHMW KOBE SOUTH AFRICA (Safer! CMMrttam) STOW DURBAN P. ELL? E. LON C TOWN MAPUTO SA. *AAL V5512F li Apr 25
      1,145 words
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      622 20 CALIFORNIA/PACIFIC NORTH WIST SERVICE EXPRESS CONTAINER/REEFER/BBULK SERVICE LoaAnf tor LOS ANGELES SAN FRANCISCO SEATTLE. lACOMA VANCOUVER B C Accepted FCI/FGL Cntmrn P Mar* Singapore I Anpfcs "A VESSEL" n Apr 71/27 Apr II tt»T AUSTRALIA EXPRESS CONTAINER SERVICE Acccpta* Fa/Fa Contaawrj •Aha iccfpl«*f tram PKtUnf tor Auck Ntl I,lt vbhva
      622 words
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      473 20 SANKO ASIA LINEAR FROM JAPANESE PORTS ANO HONGKONG PTE ITO XORINS MARITIME SERVICES 114 Anson Ro*d #1 ft-01, Tuna* Building, Sin9«por« 0307. T.I *****22 *****67 P.Ktlang: T»l: *****1/8 RED SEA/PERSIAN GULF/MEDITERRANEAN SERVICES H GOLDEN LINE MAN <MN SMPfMCtPtEHT# fraawal ka* kMt. M C«d SbMt SMHK «1M m Z2U7M (1* IMS)
      473 words
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      612 20 INTRASEA (PTE) LTD. 10 Anson Road »27 16 Internationa Plaza Singapore 0207 Tel *****11 (10 Lines) t i>l T. W f W 4 BREAKBULK SERVICE TO EUROPE/UK S parc P. Ketone LaadMf tor VARIBBS49O3 5 Apr 8 Apr SCTI/RDAM/UK (AVON) SUPPER H B8&4904 24 Apr 27 Apr R'DAM/ANTWERP/BOU--10UGNE/UK (AVON) 55
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      646 21 NOL NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/from Scandinavia FROM EUROPE (VIA SUEZ) SS BRIDGE S pore Closing Times: FCL Cargo 1600 5/4 LCL Cargo 0400 5/4 TO AND FROM AUSTRALIA: Jayakarta Anro Asia Anro Bunt a Anro Temasek Teratai Australa TO/FROM NORTH AMERICA PACIFIC
      646 words
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      Page 21 Advertisements Column 2
      638 21 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: BANGKOK. KEELUNG. BUS AN, INCHON Ho t Oonam 402N 4/4 No 7 Ovum 403 ft 13 4 No I Dorum 403N 71/4 Gloru 403 ft i/S No 9 taum 40 IN t S SEMI-CONTAINERISED~biRECT SERVICE TO CMITTAGONG. CHALWA. CALCUTTA BUNCAMt f)*H
      638 words
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      1064 21 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUR.DMG 55. Market Street Sinfapore 0104 Telephone Numbers *****3 (15 Lne*) Cable Address SINSOV SINGAPORE Telei Numbers RS ***** RS ***** RS 2510S P KELANG PENANG M/S SHARMAT NAM SOON SON. M IST AND 2ND FLOOR MESSRS HAJ THONG SHTPMG 23 YYeW
      1,064 words
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      2 21 MAURITIUS REUNION
      2 words
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      684 22 Regional Container Lilies 2 Sailings Weekly K€L Reliable Regular Punctual Berthing PS A 1500 Hrs Tuesday Saturday SINGAPORE ISLANDS USli MIDDLE EAST REGULAR LINER DSR-LIIMES VEB DEUTFRACHT/SEEREEDEREI ROSTOCK EXPRESS SEN-CONTAINER SERVICE For Europe P Klattg S'pote Penang SOIWItSHAUSINtaPt/5 Apr 31/2 Apr 6/4 Apr LEMG 1/12 May 5/7 May 13/15 May
      684 words
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      99 23 7 /I? GENERAL AGENTS SEAUON SWPfWG (S) LTD. LILXJtiNh SN6AWHE SALES/BOOMN6S TEL 2205M1 (1 HQ ?rp« IB SEW-COHTMW SEDVICt TO BMI6UI-KSH/MPW/SW LMKH/PXISTMt HALOIA-CIU.CUTTA DIRECT FULL CONTAINER SERVICES TO US PACIFIC COABT PENANG Sid 11/4 20/4 i*o n tcjKU ORIfNUI SI AMINOS lINE R HGfNCY PTf ITO SINGAPORE MAL A YSIA
      99 words
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      227 23 Scan Dutch V To Europe (Med/ UK/NC/Scan) Anson Sid Anson 5/4 Anson 12/4 Anson 19/4 Anson 26/4 Anson 3/5 FEEDER P. KELANG 6 Kemumng SM 6 But>n( 6/4 B Kemumng 13/4 B Butang 20/4 B Kemumng 27/4 B Butang 4/5 SINGAPORE ACCEPTWG/SAIING Setandia N De|ima B Suria Toyama N Houtman
      227 words
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      49 24 Are you making full use of the Shipping Times as an effective selling medium? Tel: *****11 Ext 2658, 2657 Times House 390 Kim Seng Road Singapore 0923 For further enquiries coll Shipping Times Tel: *****4 Ext. 804 or 826 Financial Publications Sdn Bhd 31. Jalan Riong, Kuala Lumpur 22-03
      49 words
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      77 24 SECHtr >5sX-5<C REGULAR FAR EAST SERVICE TO ANGOLA PORTS VSI STORE LOAD FOR: TAIAN 2/4 LUANDA/LOHTO/SOYO/CABfCA Singapore Agent SIROCCO SHPPMO SERVICE 13S C«d Street #07-01 Ttt *****67 Th: ***** BRITMAR LIMITED A NORTH BRITISH MARITIME GROUP COMPANY M.V. BRAINPOWER BRITMAR TBN V 3 SPORE PG Loading for: 9 APR Jeddah
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  • Page 24 Miscellaneous
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      167 24 Regional Weather s >7^ 01 f. ft W A ~7 y M r > s W A u V >i I 5 Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather s-S Wind direction with speed in knots Wave height
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  • FOCUS ON SAVINGS
    • Article
      Facing the future together
      234 25 THRIFT has began to return to the world. It has taken a series of very painful lessons, some of which are not yet over. But It has been recognised that nations cannot live on borrowed money now without having to pay later. Deficit has become a
      234 words
    • Article, Illustration
      MR TAN CHOK KIAN Chairman, POSB
      212 25 ON behalf of the Post Office Savings Bank of Singapore, I wish to extend a warm welcome to the participants attending the XlVth World Congress of Savings Banks. In today's world of interdependence, events occuring in one country have immediate and sometimes durable repercussions
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      DR H C HELMUT GEIGER President — GSBA, ISBI
      144 25 DR H C HELMUT GEIGER President GSBA, ISBI THE XlVth World Congress of Savings Banks is being held for the first time in Asia, and its theme International development through cooperation is particularly apt. The business programme reflects the concerns of savings institutions in these times of rapid change. In
      144 words
    • Article, Illustration
      Returning to the traditional virtues
      246 25  -  MESSAGE BY S DHANABALAN MINISTER FOR FOREIGN AFFAIRS THE ailing world economy is the most serious problem confronting governments and societies in the *****. Governments have to pursue tough policies that deal with basic structural problems in their respective economies. Difficult decisions which will take
      246 words
    • Article
      Congress looks ahead
      791 26  -  WORLD CON6RESSES OF SAVING BANKS' By MONICA GWEE IT WAS Spring in West Berlin three years ago when the 13th World Congress of Savings Banks was held. The world economy took a turn for the worse shortly after and sickened as the recession ate into it. It
      791 words
    • Article, Illustration
      ISBI cements bond among members
      433 26 MEMBERS of the International Savings Banks Institute (ISBI) serve three out every five persons in the world. One of its main tasks has always been to inform its members about events in the international savings banking tyIn the interval between each world congress, a quarterly
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    • Article, Illustration
      POSB's special niche in Singapore POSB's special niche in Singapore
      1252 27  -  Did you know that when the POSB first opened its doors in 1877, you had to give two days' notice just to withdraw $25? Well, the bank has come a long way since. Let CHEN QINGSHUN trace its coming of
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    • Article
      Continuous effort to offer better services
      1633 28  -  By CHEN QINGSHUN THE years 1982 and 1983 saw a low level of economic activity with widespread unemployment, high budget deficits and high interest rates. On the bright side, the world saw the easing of inflation and there were strong signs of economic recovery
      1,633 words
    • Article, Illustration
      POSB prepares for the future
      593 30 WHAT Will the future hold for the POSB? Unless one knows how to use a crystal ball, it would be difficult to say with any certainty. But it is often said that if you desire to know the future it is best to look at
      593 words
    • Article
      Role of the Asian Regional Office
      683 30  -  By CHEN QINGSHUN THE International Savings Bank Institute (ISBI) Regional Office for Asia and the Pacific is located in Bangkok. It has been in operation since August 1773, representing the ISBI for this region. The countries under its charge are Australia, Bangladesh, India, Indonesia,
      683 words
    • Article
      Functions and structure of Institute
      1702 30  -  By PENG AILIAN THE International Savings Banks Institute (ISBI) was founded in 1924. It is a nongovernmental body representing 113 direct members in 73 countries, totalling 3,000 savings banks. ISBI is a centre for contacts and information for savings banks throughout the world. One of
      1,702 words
    • Article
      PROGRAMME OF EVENTS
      247 31 Eve of Official Opening of Conpess April 2, Monday 1900—2100 Welcoming cocktail at Mandarin Court. Mandarin Hotel. Guests are requested to bring along their invitation cards. 2100 Free for Dinner Day One Apr! 3, Tuesday 0930—1030 Opening Session: All persons to be seated by 0915 Welcome speech
      247 words
    • Article, Illustration
      Professor who is also banker
      186 32 PROFESSOR Emanuela Savio is chairman of the Board of the Cassa di Risparmio of Turin, the second largest of the Italian savings banks. She is also vice-chair-man of the Central Savings Banks Central Bank (ICCRI). She holds a Bachelor of Arts and Philosophy degree from
      186 words
    • Article, Illustration
      Role of Asia in world economy
      234 32 MR Masao Fujioka is the president of the Asian Development Bank, based in Manila. Mr Fujioka was born in Tokyo in 1924. He entered the Japanese Ministry of Finance in 1947 after passing the Higher Civil Service examination. Mr Fujioka graduated with a Master
      234 words
    • Article, Illustration
      Steering the group
      149 32  -  The spotlight for the 15th World Congress of Savings Banks centres on international development through cooperation. A core group of panelists and speakers will present papers and direct the plenary sessions during the three days of exchanges among members of this community. On these two pages, MONICA
      149 words
    • Article, Illustration
      Challenge of technology
      331 32 MR Jacques Dandelot, the assistant to the secretarygeneral, Banque de France, Paris, was born in 1929. Mr Dandelot joined the Bank of France in 1948, occupying various posts before his posting to the organisation department in 1965. He headed the organisation and functional anaylsis deptartment when the
      331 words
    • Article, Illustration
      Spokesman for banks
      121 32 DR Saul Klaman is the president of the National Council of Savings Institutions, Washington DC. As president of the council and previously, as president of the National Association of Mutual Savings Banks, Dr Klaman has gained a reputation as a spokesman for the savings industry in the
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    • Article, Illustration
      In a key position
      104 32 MR Dusdee Svasti-Xuto is the director-general of the Government Savings Bank, Bangkok. Mr Svasti-Xuto was born in 1924 in the Nakom Prathom Province in Thailand. He studied at the Far Eastern University in the Philippines and continued his studies at the Thammasat University's faculty of accountancy,
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    • Article, Illustration
      Offering the best choice in banking
      178 32 MR Peder Elkjaer, the president of the Danish Savings Banks Association, was born in 1927. He graduated with a Masters degree in economics and began his banking career with a cooperative bank. Later, he joined the Danish Agricultural Credit Institute and became general manager
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    • Article, Illustration
      Environmental problems faced by mankind
      296 33 PROFESSOR Huang Hsing Hua is the deputy vice-chancellor of the National University of Singapore. Professor Huang was born in Malaysia in 1932. He obtained a BSc from the University of Malaya, a DPhil from Oxford, England, and a DSqfrom Singapore. His career with the University
      296 words
    • Article, Illustration
      Tapping the commercial sector
      526 33 MR Jose Joaquin Sancho Dronda, the president of the Spanish Savings Banks Association, was born in Zaragoza in 1922. He studied at the University of Zaragoza and obtained his law degree with honours in 1944. He worked as an independent jurist until his appointment as secretary-general
      526 words
    • Article, Illustration
      Vital role as pacemakers
      327 33 DR Helmut Geiger, president of the International Savings Banks Institute, Geneva, was born in 1928. He took a degree in economics and also became a barrister. In 1967, he was assistant to a political group in the West German Bundestag and practised law in Bonn. From
      327 words
    • Article, Illustration
      Monetary stability and development
      208 33 TAN Sri Abdul Aziz Taha is the governor of the Central Bank of Malaysia. Tan Sri Taha is 47 years old and a Chartered Accountant by profession. He joined the Central Bank of Malaysia in 1969 and was appointed governor in 1980. He is a member
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    • Article, Illustration
      Financial relations in transition
      227 33 MR Moeen Quershi has been senior vice-president (finance), of the World Bank since 1900. Mr Qureshi is a graduate of the University of Punjab in Pakistan and also has a doctorate in economics from Indiana University in the US. He started his career in the Pakistani
      227 words
    • Article, Illustration
      Counter girls are more than wall decorations
      613 34 SHE MAY not be selling our glamorous national airline, but the POSB girl has an equally important smile. It may be a sexist way of doing business but for now at least, the image of the POSB girl balances the bank's rapid move
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    • Article, Illustration
      Keying into the cashless era
      1514 35  -  NETWORKING AS TOOL IN SHAPING THE FUTURE By JEFFREY TSANG THE good news is, we are moving fast into realising the cashless society. The bad news, like it or not, is that we are going to have to get used to more tonguetwisting acronyms such
      1,514 words
    • Article, Illustration
      Thrift: A virtue which brings its own reward
      1113 36  -  By CHEN QINGSHUN AS THE 14th World Congress of Savings Bank opens today, it is pertinent to ask: "Why are savings important?" To answer this question, it is helpful to turn to the writings of the noted sociologist, Max Weber. In his
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  • Page 25 Advertisements
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      52 25 Congratulations and Best Wishes to The Post Office Savings Bank on the occasion of their hosting The 14th World Congress of Savings Banks We're with you right down the line. vLnol NEPTUNE ORIENT LINES LTD Neptune Orient Lines Ltd 456 Alexandra Road. NOL Building. Singapore 0511 Tel *****00 Telex Neptune
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      Page 25 Advertisements Column 2
      174 25 Q ?sss 0F S 09 mm THE congress takes on an Asian flavour Page Tw« KEEPING the members informed Page Tw® THE role of the POSB in Singapore from a modest start to an important role in the economy Page Three HOW THE world's savings banks are trying to improve
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      47 26 Congratulations AND BEST WISHES TO Post Office Savings Bank on the occasion of their hosting the 14th World Congress of Savings Banks in Singapore from April 3rd sth 1984. DBSBANK 6 Shenton Way, DBS Building, Singapore 0106 Tel: *****11 Cable: DBSBANK Telex: RS ***** Swift Dest: DBSSSGSG
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      Page 26 Advertisements Column 2
      238 26 CHUBB DONT PUT THEIR SAFES TOGETHER. .-vj* While other safes are welded together, a Chubb Eurosafe is cast in solid metal. This monolithic Chubb construction simply means that the Chubb Eurosafe has no weak joints: It has no joints. But that's not all. We armoured the Eurosafe with our own
      238 words
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      151 27 A ENTERPRISE IN SINGAPORE: Legal Importation Development by Dr. Philip Pillai Singapore, like many other developing countries, has a legal system that is borrowed from Britain. The key question posed is how differently do imported legal systems function after independence and why do they differ. This study looks at this
      151 words
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      Page 27 Advertisements Column 2
      129 27 2 1 2 3 ■CM* 3 n a h i' Philips Project Development (Singapore) Pte Ltd Quick, easy access to cash. Easy as 1 -2-3. Easy-to-use with six preselected cash withdrawal amounts, or five withdrawal amounts plus an account balance enquiry. Single, compact terminal allows easy installation (in space less
      129 words
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      195 28 Congratulations Best Wishes to the Post Office Savings Bank on the occasion of their hosting the 14th World Congress of Savings Banks in Singapore from April 3 to 5,1984 The Burglars' No.l Enemy. Rchet-Bauche Safes. KHMT' >' v > M An encounter with any Fichet-Bauche safe means sheer frustration to
      195 words
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      Page 28 Advertisements Column 2
      59 28 (brgratulations AND BEST WISHES TO Post Office Savings Bank on the occasion of their hosting the 14th World Congress of Savings Banks in Singapore from April 3rd sth 1984. WING TAI GARMENT MANUFACTORY (SINGAPORE) PTE. LTD. WING MEI OUTER-WEAR COMPANY (PTE) LIMITED COSMOS SPORTWEAR FACTORY (S) PRIVATE LIMITED 107, Tampines
      59 words
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      66 29 "BIENVENUS" "BENVENUTO" "WILLKOMMEN" "BIENVENIDOS" "YIN DEE TORN RUB" "MABUHAY" "SELAMAT DATANG" "HUAN YING" "NUL VARAVU" «r» f SB Ml J I 1 W&&&82SB& •v> :'r'"WELCOME" The Post Office Savings Bank welcomes all delegates to the 14 th World Congress of Savings Banks CONGRES MONDIAL DES CAISSES D'EfftRGNE WELTKDNGRESS DER SfARKASSEN
      66 words
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      45 30 (kigratulations AND BEST WISHES TO Post Office Savings Bank on the occasion of their hosting the 14th. World Congress of Savings Banks in Singapore from April 3rd. sth. 1984. fO BANQUE PARIBAS SINGAPORE BRANCH 16 Raffles Quay #39-01, Hong Leong Building, Singapore 0104. Tel: *****44
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      205 30 t T i Y 4 :y ll SSS X G II i\ I i 1 ft 3*l iT^ t a -r 5 HI ~\l m *k C i j if n.- U«u T 1 ilk Leasing is a system of renting, an intelligent way of handling money without tying it
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      97 31 (breptuktions AND BEST WISHES TO Post Office Savings Bank on the occasion of their hosting the 14th World Congress of Savings Banks in Singapore from April 3rd sth 1984. CONTAINER WAREHOUSING TRANSPORTATION (PTE) LIMITED 47, Jalan Buroh, Jurong Town, Singapore 2261 Tel: *****22 Telex: cwt RS ***** Grit blasting surface
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      170 31 Welcome All Delegates to the 14th World Congress of Savings Banks and Congratulations to the Post Office Savings Bank on the occasion of their hosting the Congress in Singapore How you can benefit from Bayerische Landesbank's presence in A Singapore f Bayerische Landesbank is headquartered in Bavaria, a leading federal
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      212 32 Understanding the movement of international finance is the business of Inter-Alpha Asia. It is a complex and highly specialised task to keep track of currency fluctuations, interest rate trends, bond yields and the many variables affecting the total business spectrum. For professional judgement and advice, rely on Inter-Alpha Asia. Through
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      50 32 Congratulations AND BEST WISHES TO Post Office Savings Bank on the occasion of their hosting the 14th World Congress of Savings Banks in Singapore from April 3rd sth 1984. andan (S) PTE LTD Building 3A/3B 750 Chai Chee Road, Singapore 1646 Tel: *****43 (12 Lines) Telex: RS ***** TANDON ii
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      74 33 (^pratuktians AND BEST WISHES TO Post Office Savings Bank on the occasion of their hosting the 14th World Congress of Savings Banks in Singapore from April 3rd sth 1984. Secura Singapore Pte Ltd Incorporated in Singapore Security and Confidential Printers Factory: P.O. Box 245, Jurong Town Post Office, Singapore 9161.
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      233 33 POSB/Citicorp Travelers Checks. Available from the same people who look after your money. V*y > v. 1123-456-789 7.* SPECIMEN Nj WILL TVf T« V* *CO cmeowv^wti 01 5..» »JW*' i:aooooooaot: i i Because there's nothing like dealing with people you know. People you bank on. What we are talking about
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      119 34 (^ratuktions AND BEST WISHES TO Post Office Savings Bank on the occasion of their hosting the 14th World Congress of Savings Banks in Singapore from April 3rd sth 1984. Frank Small and Associates (S.E. Asia) Pte. Ltd. Marketing and Research Consultants 179-A, Thomson Road, Goldhill Centre, Singapore 1130. Tel: *****44
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      78 34 rrs Describes service or repair jobs component by component Jobs are graded into Basic. IrMermedMe. Advance Has Gtovetoox Guide To Car EincfQcociw Flip-op Inserts Detachable Sheets Plastic WderwHh magnetised strip Dirt-and-oH resistant the AA CAR MAINTENANCE COURSE H <*ws not »n*ner you looked iAJr a ftoonw oe*o* the Cour* you
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      239 34 The Chase isonfor Home Financing. Consider the possibilities. Chase has one of the most flexible range of housing loan packages in town. With loans of up to 100% of valuation with the use of your CPF savings. or A normal term loan of up to 85% of valuanon without the
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      58 35 (kigratuktioris AND BEST WISHES TO Post Office Savings Bank on the occasion of their hosting the 14th. World Congress of Savings Banks in Singapore from April 3rd. sth. 1984. »T»« ED J®y iTJj A*i BB S lithocraft packaging pte. Ltd. 970, Toa Payoh North #01-22/26, Singapore 1231 Telephones: *****89, *****17,
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      114 35 Ba brings ITAIY closer to the ASIA-PACIFIC area BANCA COMMERCIALE ITALIANA HEAD OFFICE MILAN SINGAPORE branch 36 Robinson Road -03-01/04-01. City House. Singapore 0106,G.P.0. Box 2647. Singapore 9046. tel 220 1333.te1ex ***** COMIT RS TOKYO branch Nippon Bldg Annex. Otemachi 2-7-1 Chiyoda-ku. CPO Box 1613. Tokyo 100, tel 242 3521.
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      68 36 tejratulations AND BEST WISHES TO Post Office Savings Bank on the occasion of their hosting the 14th World Congress of Savings Banks in Singapore from April 3rd sth 1984. SECURIKARD PTE LTD 04-18, Golden Wall Auto Centre, Short Street. Singapore 0718 Tel: *****34 Telex: RS ***** Q SECURIKARD Distributors of
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      110 36 Whafs uie key to POSB's leadership in retail banking? At IBM, we're proud of our long association with POSB. And the fact that IBM hardware and software systems have been chosen consistently to help in POSB's record growth and expansion. Today as we join with POSB, the host of the
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