The Business Times, 8 December 1980

Total Pages: 20
1 20 The Business Times
  • 10 1 BUSINESS TIMES No. 111/1/8# MONDAY, DECEMBER 8, lttl 50 CENTS
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  • BRIEFLY...
    • 74 1 TELECOMS is setting up an international facsimile service to Japan from today. Subscribers can transmit and receive documents, pictures, forms and prints from a distant party. Call bookings may be made 24 hours a day by dialling '104*. The charge for a message is $21 for the first
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    • 77 1 AFP PENANG, Sun. The DAP's political bureau director and MP for Kota Melaka, Mr Chan Teck Chan, has withdrawn his resignation from the party, according to the party's secretary- general, Mr Lim Kit Siang. Mr Lim told a press conference today that Mr Chan would
      AFP  -  77 words
    • 71 1 UPI CAIRO, Sun. The United States has agreed to provide Egypt advanced air-to-air missiles and television-guided bombs and speed up the delivery of M6O battle tanks. In a report from Washington, the newspaper A 1 Ahram said America has also decided to upgrade the available air
      UPI  -  71 words
    • 63 1 AFP WASHINGTON, Sun. The chances of a war between the United States and the Soviet Union before the end of the decade are "very low," said US Defence Secretary Harold Brown. But he added, in an interview in the Washington Post, that Moscow was not prepared
      AFP  -  63 words
    • 59 1 Reuter WASHINGTON, Sun. The Senate might reject Alexander Haig as Secretary of State because of auestions about his role in the Watergate scanal. Aides to Mr Reagan have said that General Haig, the former Nato commander and White House chief of staff to President Nixon, has
      Reuter  -  59 words
    • 59 1 UPI LISBON, Sun. Thousands of Portuguese, many dressed in black to mourn the death of Premier Francisco Sa Carneiro, went to the polls today to vote in a presidential election pitting the right against the left. Polling stations said the early turnout was relatively light because of bad
      UPI  -  59 words
    • 61 1 Reuter KUWAIT, Sun. Arab oil ministers gathered today in Kuwait for talks which may give a clue to the varying price-increase policies they will press for at the forthcoming Opec meeting in Bali. The Kuwait conference, which starts tomorrow, will be the first formal meeting of Arab
      Reuter  -  61 words
  • 108 1 THE following Is a list of the If mast actively traded stocks on the Stock Exchange of Singapore last week. It gives the tarnover la thousands of units, closing prices m Friday and the high aad low (or 1189 CMfMjr Twmvh Prteea High Lew •m Dee S
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  • 157 1 SINGAPORE Dee 1 Dec t DeeS Dee 4 DeeS ttBT Index: *****.53 *****.83 *****.32 *****.20 *****.56 •Industrials 890 87 678.11 664.57 675.52 680.65 1276.42 1260.37 1244.10 1252.65 1254.24 ••Hotels: 687.54 694.46 689 48 698.98 702.48 •Properties: 622.54 618.02 603.80 611.05 615.57 440.43 434 03 427.55 425.52 424.68
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  • 542 1  -  CONSUMPTION LITTLE CHANGED By RONNIE LIM, SINGAPORE has been running down its oil stocks since the outbreak of the Iran-Iraq war at the end of September, confidential petroleum industry figures show. The Republic is, however, still fairly well-cush-ioned against any energy crisis for at least
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  • 256 1 THE Singapore Institute of Management (SIM) has good reasons to celebrate its 'coming of age*. Its diploma in management studies has been recognised by the British Institute of Management. The BIM is widely regarded in the Commonwealth as the pace-setter in standards in management studies. SIM
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  • 685 1  -  By FONG MEW LENG THE Singapore Contractors Association Ltd (Seal) has proposed that contractors adopt standard formulas in future tenders to allow for price increases in building materials and labour. The Seal contracts and practice committee has computed two
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  • 358 1 THOUGH interest rates have soared to as high as 15 per cent for longer term housing loans, buyers continue to snap up property. This contrasts with the situation across the Causeway where developers fear the continued squeeze on end-financing may slow down the housing industry. Brokers
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  • 305 1 NATIONAL savings are Increasingly being left In the hands af the Central Provident Fond and the Past Office Savings Bank. Last year these tws gavernmeut-cautrelled Institutions absorbed 83 per cent of total national savings, a big increase over the 51 per cent
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  • 359 1  -  By SALMA KHALIK GARRETT Singapore has unexpectedly lost a contract to a Taiwanese competitor to service an engine made by its parent, Garrett Company of the United States. The Republic of Singapore Air Force (RSAF) contract to service a Garrett engine used in Skyvan
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  • 115 1 AFP WITH the apparent approval of the incoming Republican Administration, Federal Reserve Board chairman Paul Volcker has warned that priority is to be given to fighting inflation even if this pushes the United States back into recession. Referring to the arrival in power next month of President-elect
    AFP  -  115 words
  • Page 1 Advertisements
    • 9 1 A helping hand when you need it most nn
      9 words
    • 61 1 Standard Sony TCM-600 29(W) x 133.5(H) x 78.5(D)mm Everything you need is found in this compact model: One touch review and recording for easy operation and quick action Swing balance mechanism for stable play Detachable hand-strap 3-digit counter for easy and convenient location Automatic shut-off mechanism for battery and cassette
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    • 74 1 ran>3 shipping times HOW Is Exxon Corporation of the US managed...— 2 HOW the major commodities performed last week 4 REAGAN will stick to Camp David accord i PROMOTING concert Is not an easy ta5k.................................. WEEKLY review of the world's major stock markets ................9,19 US prime may breach the 2t
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    • 95 1 Mxjr reliable partner in Chemicals Organic inorganic Hoechst JAL has more flights tolokyo and the USA than any other airline. Relax in comfort on 16 flights a week to Tokyo 5 non-stop and 10 via other South East Asian ci ties (If you're on business, don't forget to ask for
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  • MANAGEMENT
    • 2302 2  -  EXXON Corporation's earnings last year totalled $171 billion over eight times higher than Singapore's $20 billion gross national product. How is this mammoth multinational managed? Who fits all the bits and pieces of this far-flung empire into a profitable pattern? In a two-part article, ANTHONY PARISI examines
      NYT  -  2,302 words
    • 734 2  -  REDUNDANCY is not a word heard very much in Singapore in these days of full employ* ment. But it is a possibility that every worker, white or blue collar, has to keep in mind. NICHOLAS LESLIE writes about the THinc Consulting Group which helps redundant
      FT  -  734 words
    • 753 2  -  nun With LOCKERS Title: Pcrbes Numbers Game Editors: L Mlaard udDA WUMB Publisher: Prentice Hall THIS book is a collection of 34 articles from "The Num-. bers Game" column which the American business magazine Forbes started in 1973. Drawing upon the
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  • Page 2 Advertisements
    • 207 2 :i •-!*#*»s<»"» **waß»^.3^*»>» v >'* 5.' V-/ "i-'-.V' «,< v > .vJy'x, V •>.<; T'-af ft* *-1 4'i."' i "-> ~'Wt J *W r s v*r <?<-w»--<V 4 *S? Universal Cable (M) Bhd. November, 1960 asp- < 'l* «i& '*Y U. -v --n> r i Universal Cable (M) Bhd. Chong
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    • 188 2 WHERE DO YOU GO WHEN THE BANKS ARE CLOSED? HEREi Raffles Place (UOB Head Office) International Plaza (Chung Khiaw Bank Main Branch) Robinson Road (Lee Wah Bank Main Branch) Lucky Plaza Merlin Plaza Supreme House (Lee Wah Bank Branch) People's Park Complex (UOB Branch) Ang Mo Kio Town Centre (UOB
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  • 754 3 Chemical Bank INDIA'S economic performance should improve substantially in the coming year following a decline in growth in fiscal year 1979/ 80 (ending March 1980). Bad weather which negatively affected India's dominant agricultural sector was the primary cause of last year's poor performance.
    Chemical Bank  -  754 words
  • 1149 3 DETERIORATION IN TERMS OF TRADE Depthnews FOR the first time in five years, Malaysia is going to be in the red. After paying for the imports of goods and services it needs, it will be in deficit on current account by M
    Depthnews  -  1,149 words
  • Page 3 Advertisements
    • 95 3 SThTTCu We are keen to work out mutually beneficial schemes with owners and interest holders wishing to develop commercial and shopping complexes, office complexes, shophouses, housing estates, condominium projects, high rise and low rise factories and warehouses. We are also prepared to consider outright purchase of projects of any size.
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    • 109 3 THE LONGINES STYLE Ki \V Longines' latest look is thinner an ever > > 4 I > 1 vv -r V v\ > r A H./ V > J I 0 f.v w' > 'Thin' is 'in', not least in the world of ladies' dress watches. Now Longines introduce a
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  • RAW MATERIALS
    • 1085 4 AFP QUIET conditions persisted on the London commodity markets last week despite the continuing tension in Poland and the Middle East. Some dealers were ready to blame the approach of the long year-end holidays for the apparent lack of interest. Precious metals turned firmer,
      AFP  -  1,085 words
    • 472 4 COFFEE: Robusta futures last Friday closed with losses from Thursday of £11 to £1 a tonne on sales of 1,865 lots including 29 options. Arabica futures closed unchanged to around US$7 lower on sales of U lots. SUGAR: Raw sugar futures weakened substantially in the afternoon under heavy
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    • 174 4 RUBBER futures in London on' Friday closed officially uncertain and with losses from Thursday of mostly one pence, basis February 1981, at 64.50 pence to 0.70 pence per kilo. Turnover was 31 lots of five tonnes and 286 lots of 15 tonnes including 23 kerb trades. Dealers said little
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    • 260 4 THE Siagapare produce market wm fairly quiet for the week ]nt past as traders were caatiaas «beat over-eemmittag themselves oa firm bids, following the half point rise In US Interest rates daring the week. Daring tke weekend, another kalf paint rise was added to
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  • MONEY AND EXCHANGE$
    • 158 4 THE US dollar started last week strongly amid higher Eurodollar rates as US prime rates rose. It opened higher for the week at 552.0980 95 and traded actively upwards to break 2.1000. The dollar's firmness was underlined by further increases in US prime rates during the week to
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    • 282 4 INTERBANK overnight rates eased in the early part of the week ended Dec 5 but firmed again on Thursday. Term rates closed about to H per cent easier compared to the previous week. The easier market was attributed to Monetary Authority of Singapore swap transactions in anticipation of festival
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    • 306 4 LAST week, gold traded between a high of US$64O on Tuesday and a low of $610 on Friday on the York Come*. The price settled to close for the week at $620.80, Green and Collier Bullion said in its latest review. Major bullish factors were an expected increase in
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    • 185 4 ASIAN ASIAN earreaey average 4ep«tt rates far the week eaM Dee i: LSI (Bid price* 1 7 days Hiffc Low 1917 15/16 1 month 20 5/16 17H 2 months 19 3/16 1713/16 3 months ur* i7H 6 months 17 9/16 16 v 9 months 16'i 15 V, 12 months 15'%
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    • 49 4 FRANKFURT exchanges closing quotes on Dec 5: US ***** 9600 Slg 4 .580 590 Can 1.6397 MIS D F1 92.23,35 S FY 110.80 96 Lit 2.106 11 F FY 43.17 24 DKr-32.62 66 N Kr 38 21 27 B FY (con) 6.228 36 B FY (fin) 6.214 224
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    • 22 4 THE Average rate at which major Singapore bank* are carreatty prepared to lead to their best customers is 1U per eeat.
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  • Page 4 Advertisements
    • 118 4 Sheaffer Desk Sets A lasting expression of respect. An unmistakable sign of achievement. A rewarding Christmas gift. /jfa very Sheaffer Desk Set reflects a perfect harmony between the engineer's skill and the designer's art. Some are traditional while otjprs are rare and exotic. None is, in any way, cofljfcponplace. As
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  • OVERSEAS
    • 251 5 AFP ASEAN is considering the setting up of a 'third force' in Kampuchea acceptable to both Vietnam and China, Asean sources in Jakarta said. The third force could comprise the present movements operating against the Vietnamese-backed regime of Heng Samrin, the sources said on Saturday. As
      AFP  -  251 words
    • 171 5 AFP THAILAND may halt humanitarian aid to Kampuchean refugees if Western donor countries pump a bigger share of funds directly to Phnom Penh, the Bangkok Post reported yesterday. The newspaper, which mirrors official Thai thinking, quoted a government source as saying Thailand might
      AFP  -  171 words
    • 226 5 NYT PRODUCER prices in the United States rose 0.6 per cent in November, boosted by continued increases in food prices and the first rise in petrol since last spring, the Department of Labour reported. The increase works out to an annual rate
      NYT  -  226 words
    • 750 5 ARRIVALS Service Local Operator Number Time From PAA MAS SIA MAS MAS MAS AI SU SIA CPA GIA MAS GU GIA SIA PAL SIA MAS RBA GIA SU SU MAS THAI SU MAS SU .GU SU Z GU -LUFT **-su :;gu '--MAS 'Z KLM SU ~JAL .^A'FLOT
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    • 736 5 NYT PRESIDENT-ELECT Ronald Reagan has sent word to Egypt and Israel that he intends to maintain the Camp David framework for future Middle East negotiations. Mr Sol Linowitz, President Carter's Middle East envoy, said in an interview that he was authorised to convey
      NYT  -  736 words
    • 198 5 Reuter IRAN and Iraq will attend the forthcoming Opec meeting in Bali on Dec 15. The Indonesian Energy Minister Dr Subroto said the Gulf War may be discussed at the meeting Speaking in Paris, he said he was certain all the 13
      Reuter  -  198 words
    • 358 5 Reuter THE communist leadership of Poland has reassured the population that it won the confidence of the Warsaw Pact at last week's Moscow summit but hinted there is a price to pay for freedom from military intervention. The Communist Party politburo issued a report on
      Reuter  -  358 words
  • Page 5 Advertisements
    • 30 5 TRAVEL SERVICE!! am. HOLIDAY LAFLEUR TRAVEL S.t.p.b .T/A26? i Tei*****51-*****11 01 Holiday Inn Hotel, Suite 4. 4th Floor Scotts Road. Singapore 0922 BUSINESSMEN!!! TRAVEL ECONOMICALLY WORLDWIDE ALSO CAR TRANSFER AVAILABLE
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    • 333 5 Now, there's a golden opportunity to win a free holiciav to Australia when boo y°n British Airways or Ansett Airlines. I sL Wi YE** 4 SMtCI.;- m•' —+r— -Eft 33L3. r ra British Airways fly everyday to Sydney, four days a week to Melbourne, thrice weekly to Brisbane. And now,
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  • REVIEWS
    • 971 6  -  Promoting a concert is no easy task, PATRICIA GOH tells us this week. And while the Asean countries' young musical hopefuls are now in Penang attending the region's first youth music workshop and camp, all busily tuning their way through their predecessors' repertoire of sonatas
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    • 410 6 THE Singapore Festival of Arts takes off on Wednesday on a rousing note by the Singapore Symphony Orchestra (SSO). Soon after the official opening by Finance Minister Hon Sui Sen, the Orchestra will present a special concert serving such choral delights as Donizetti's
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    • 1037 7  -  V S Naipaul (left) has won every major literary award in the UK, has reportedly been considered several times for a Nobel prize, and recently he went from his hometown London to New York to receive the prestigious Bennett Award, given by the Hudson
      NYT  -  1,037 words
    • 522 7 TITLE OF BOOK: My Uncle Oswald Written by: Roald Dahl Published by: Penguin Books, 1960, 205 pages. Price: $8.75 Reviewed by: TONG-TSE ROALD DAHL of "Tales of the Unexpected" fame is best known for his tantalising short stories and children's tales. But his latest offering
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    • 864 7  -  By BIBIANA CHOO LOVE LETTERS in glass may not exactly be everyone's dream billet-doux. But coming from Marcia Tanner, they are an endearing portrayal of her vision of stability and balance in her daily life. Painted in various shades of colours on reverse glass, Marcia's Love
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  • Page 6 Advertisements
    • 148 6 The j( >( x Iwx xxil \uiv I I< >tel at k 1 Diners lul) Internatk )nal >r< nidly j >resent I >11 r( >aig' SI ler ryTriflc Laphroaig' Sherry Trifle delicious, topped with cream, cherries and almond halves and laced with sherry. It's a magnificent conclusion to your favourite
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  • Page 6 Miscellaneous
    • 387 6 CONCERTS THE Singapore Symphony Orchestra will join the Festival of Arts on Thursday and Friday at 8.15pm at Victoria Concert Hall. The SSO's guest soloists, from Rumania and Greece, are Nelly Miricioiu (soprano), Florine Diaconescu (tenor), Dan Lordachescu (baritone) and Dimitri Kavrakos (bass). THE Vienna Boys Choir will perform at
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    • 1409 6 Disraeli falls dizzily in love: mm BENJAMIN "DIZZY" Die- Is all tWat Mary Aim. IKb Mi they flaally marry. ndfi ayrsati m the wtoua faith la Dtay helps The easy delivery «f Httte hex last Meaday light the aamerwu eel- Barry MaaUew*a Seeeai mast have eeat qalte a lew ae
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  • Page 7 Advertisements
    • 185 7 it 11-BIX V3R copies same size and also reducesfrom large originals up to A3 size. Reduced-size copies means more convenient filing. Also you save on mailing costs. Document handling is made easy with U-BIX V3R's semi-automatic document feeder. And copies are automatically sorted and collated with V3Rs automatic sorting unit.
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  • MARKET REVIEWS
    • 474 8 New York SURGING INTEREST RATES UPI. THE NEW YORK stock market suffered its worst loss in nine months last week as interest rates surged to nearrecord levels. Trading was fairly active. The Dow Jones industrial average, which rose 3.41 points the week before, plunged 37.11 points to 956.23,
      UPI.  -  474 words
    • 258 8 RISING demestle aad U8 iaterest rate* pufcM Ike Sydney ihtre market'» All (Mhaita Mei M week kelew tke ltM mark fer Ike first time la sevea weeks. Tke fall capped a tireweek dawaward drift tram tke market's all-time peak 1M4.V7 set ea Nev 18 aad was
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    • 578 8 ;K.Lumpur THE KUALA LUMPUR stock market turned erratic last week as sentiments fluctuated widely in line with performances of overseas bourses. Prices for the greater part of the week were moving in a yo-yo fashion from firm at the start to sharply bearish midweek, before rallying
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    • 973 9  -  Singapore By KOH TSE YING THE STEADIER sectors were hotels and properties on the Singapore Stock Exchange last week. Overall, declines were still ahead of advances by a reasonable margin as sellers dominated for the greater part of the week. But some light support on Thursday and Friday
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    • 131 9 BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JAN 4, 1971 1980) Week'■ Acttea ir» im Petat Hi*ti Lew Mutrtei Gtmp Nevffl Dee i Ckaage 714.67 145.70 Automotive 673.70 649.80 -23.90 1011.55 328.68 Banks. Insurance, 974.28 941.65 -32.63 Finance and Trustees 329 26 135.80 Chemicals, Rubber 315.02 309.31 -5.71 Products, Refining
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    • 332 9  -  WHkMKMDtcS Compiled by JULIANA TAY SCRIP ISSUE I SEAL: Proposed bonus issue of one-for-one. Bate: Bonus issue of one-for-three. H Lesag lad: Proposed rights issue of one-for-two at $1.80 per share. OTHERS Pahaag Cms said that the accounts for the financial year ended July 31,
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    • 1472 10  -  London By GERALD COLVERD THE MANNER in which any individual shuffles a pack of cards is indicative of the skill at which the game will be played. We are about to witness the most important game of political poker, played in the festive season of
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    • 425 10 Tokyo AFP. THE TOKYO stock market drifted lower last week as investors took a wait-and-see attitude amid growing worries over the continued rise in US interest rates and grim outlook for the Japanese economy. Institutional and other corporate investors sat on the sidelines throughout the week, while individual
      AFP.  -  425 words
    • 143 10 IN A WEEK shortened by his Majesty the King's birthday, prices oMved narrowly in reduced turnover on the Securities Exchange of Thailand. Though the market opened on a bearish aate, baying support surfaced aad thaagh this was net sustained, it was still sufficient ta keep prices fairly
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    • 2882 10 1980 High Low Company Last Sale +orGr'. Div Div Cvr Gr's 1 YTd 1 Net Prt. Vol Week COOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 372 300 149 180 424 12S 352 745 406 610 245 220 116 138 270 60 275 246* 187 285 Aetna
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  • Page 8 Advertisements
    • 192 8 Where to wine, dine and entertain Getaway to Sentosa m Costs only HALF AS MUCH if you're residing in Singapore It's easy. Just book our chalet units, and enjoy a 50% discount. Offer applies MONDAY THURSDAY (except public holidays and holiday-eves). For full details of the 50% DISCOUNT OFFER. call
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    • 189 8 For lunch. For dinner. For a richly rewarding experience. Businessmen's Lunch Monday to Friday SIS 10% service c harge .'Vf, cess Javanese Rnstafel Sunday Slo 10 V. service charge V*, cess For call 7M l )h7~ A wH' («"I H 111*\ I 'lll'k *">1 H *I*l M< II I »xillj
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    • 184 8 Feast like an emperor at Chinatown r< v 1 U) «< 4%, I bW Our chefs can whip up culinary delights that would excite even the most demanding of emperors Here at The Chinatown, we serve Szechuan specialties Name your favourites Or ask for our recommendations Then be treated to
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    • 158 8 OQGGQ Inn Of Happiness Dine Dine Cantonese style. Szechuan style. The Inn of Happiness brings together the Jbest of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. m HMON INTERN ATION (MHfi A cosy <|rili
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    • 120 8 The Dragon Palace Restaurant is where you can dine in regal splendour and dance to the mellow sounds of yesteryear with "The Zodiac". Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy twosome l a MJCHpniXTH Oxl»y Rise/PRoad, Singapore 0923 Tel: 7379)11 (20
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  • Page 9 Advertisements
    • 429 9 MATEX-ASIA'B2 SOUTH EAST ASIA INTERNATIONAL MACHINE TOOLS EXHIBITION 11—15 JANUARY 1982 WORLD TRADE CENTRE, SINGAPORE A SPECIALIST'S CHOICE FOR A SPECIALIZED SHOW FOR THE FOLLOWING TRADES: Metal cutting machine tools Metal forming machine tools Physico/chemical process machines tools Automation and ancillary equipment Auxiliary and special purpose machines Auxiliary and workholding
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  • Page 10 Advertisements
    • 594 10 Owing to expansion, a well established Singapore-based Group of Companies is looking tor personnel with exceptional capabilities and qualities to till the following positions: A. HEAD OF RESEARCH INFORMATION UNIT The appointee is responsible for the overall management of the Company's Research Information Unit which engages essentially in social surveys
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  • MONDAY SPORTS
    • 1002 11  -  CHARMAINE CHAN LESLIE F W Wong and Lau Teng Chuan not only managed to combine well yesterday but they also weathered a strong challenge from playing partners Tan Kwang Joo and Raymond KM Tan to win the Singapore Island Country Club's Sime Salver. Playing
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    • 270 11 Reuter, AP. AMERICAN professional Buddy Allin won the New Zealand Open golf championship on the Ngamotu links at New Plymouth yesterday by one stroke from Irishman Eamonn Darcy. Allin, after a final round 67 (five under par), scored a total of
      Reuter,; AP.  -  270 words
    • 168 11 UPI. THE GOODYEAR Tire Company says its announcement that it is pulling out of grand prix motor racing is not a bluff and that its decision was brought about by the long bickering between warring factions in Formula One racing. "We feel in the current
      UPI.  -  168 words
    • 161 11 Reuter. FORMER world heavyweight champion Muhammad Ali (abovr) has denied that he will next fight John Gardner of Great Britain. "No, I won't be fighting him," Ali said at a news conference in Las Vegas during the weekend to announce that he
      Reuter.  -  161 words
    • 429 11 AFP. FAVOURED Toshihiko Seko of Japan yesterday clocked two hours nine minutes 45 seconds to win the 15th Fukuoka International Marathon, beating two-time Olympic gold medalist Waldemar Cerpinski of East Germany in sixth place. It was Seko's third consecutive triumph in the Fukuoka Marathon,
      AFP.  -  429 words
    • 552 11  -  By RONALD KOW THE FOOTBALL Association of Singapore seed Mi worry about poor crowd attendances at seccer matches far kag. And It is net only because d the retain at Qnah Kim Sang or that Malaysia Cap matches will he played an
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  • Page 11 Advertisements
    • 110 11 RECEIVERS' SALE Offers are invited for the purchase of assets of a leather footwear manufacturing company located in Kota Bharu on an x as-is-where-is' basis. These assets consist of: a) Plant, Machinery, Equipment and Accessories including various types of sewing machines, clicking presses, cutting presses, trimming machines, glueing machines, injection
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    • 404 11 THE ROLE OF COMMODmES MITE DEVELOPMENT OF ASEAN Organised by Conference Management Services Sdn Bhd Commodities Research Unit Ltd VENUE Nirwana Ballroom, Kuala Lumpur Hilton DATE 18th 19th, December, 1980 This conference will bring together top industrialists, bankers, commodity traders and brokers, outstanding specialists and practitioners who will provide up
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  • 651 12 NYT Bankers and economists in the United States have predicted that if the Federal Reserve persists with its present tight-money policies, the prime rate could exceed last April's peak of 20 per cent. However, because of mixed economic indicators, market
    NYT  -  651 words
  • 424 12 UK-BASED Guthrie Corporation is to merge a major part of its carpet business with the Stoddard group in return for a 39.4 per cent stake in Stoddard's enlarged equity. A joint announcement by Guthrie and Stoddard Holdings, released in Kuala Lumpur recently, said agreement has been reached to
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  • 286 12 THE Peoples' Action Party believes that with the election of its 18 new candidates in the General Elections later this month, the Standard Of parliamentary representation will be raised. Expressing this belief, the party's secretary general, Mr Lee Kuan Yew, said in
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  • 358 12 SOUTH-EAST Asian countries must develop and encourage technology transfer to maintain their competitive edge on advanced countries, the managing director of Applied Research Corporation, Dr Hong Hai, said. To do this, they must exploit the fact that "technology is transferred because the transferor has something to
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  • 221 12 AFP CONTROVERSY continues to rage over the reported discovery in Western Siberia of an oilfield seven times the size of the world's proven reserves. The Siberian discovery, believed to involve 619,000 million tons or 12 times Middle East resources, has been reported by the Swedish
    AFP  -  221 words
  • Page 12 Advertisements
    • 293 12 Private Limited Companies READY-MADE FOR SALE MRPMMTK mmm SCIVKIS Please Call: *****2617 Singapore Secretarial Services Co. (Pte.) Room 1101,11 th Floor, Golden Mile Tower, Beach Road Singapore 0719 Management Secretarial Services Sdn. Bhd. Tel: *****0 50-C Jalan Bukit Bintang Kuala Lumpur $9 THE SANWA BANK, LTD. SINGAPORE BRANCH U5520,000,000 NEGOTIABLE
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    • 460 12 ADvarmtrnmr Fortune Made From Thin Air Addressing a seminar on 'Business Leadership in the 80's\ the owner ,of one of the city's biggest multi-storey shopping complex disclosed today that he owed his success to a little parrot and an Indian fortune-teller. Shortly after the shopping complex initially opened, it was
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  • Page 12 Miscellaneous
    • 64 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Cloudy with occasional rain in early morning. Report for 24 hoars prior to 7.M p.m. on December 7 at the airport. Maximum temperature 30.8 Associated humidity 63 Minimum temperature 24.1 Associated humidity 91 Hours of sunshine 8.15 Rainfall in millimetres
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  • SHIPPING TIMES
    • 739 13 Skipping Line P»ge C*i Shipping Line P**e Cat Adriatic IV 5 Fortune VI 5 Afea VI 3 Franco-Belg m 4/5 Afro-Eurasia VI 2 Frata NVOC IV 2 All trans VI 5 Freight vn 5 Alpac VI 5 Fujiwara VI 3 Angkutan VI 4 Garware vn 3 ANL
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    • 237 13 AP THE Bms Caaal Aatharlty has iiwuMi aa laerease la the rates for different ■hips pay la traarit the 1«2 km waterway Uaklag tke Bed Sea ta the Medlterraaeaa. The daily Al Ahram reparted that the sew rates will take effeet la Jaaaary aext
      AP  -  237 words
    • 816 13  -  By JAN LEE THE current acute congestion at the Panama Canal is apparently not causing any great problems to the major shipping companies in Singapore operating trans-Pacific services via the canal. This contrasts with the concern
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    • PORTSIDES
      • 48 13 AFP THE Spanish dockers' trade union Coordinadora Estatal De Eestibadores Portuarios has called its members out on an unlimited strike in all Spanish ports from Dec 12, the Informe Economico newspaper reported. A similar strike paralysed major Spanish ports for a month last summer. AFP
        AFP  -  48 words
      • 85 13 SOUTH Korea's shipbuilding industry received orders from abroad for 57 vessels worth US$l 3 billion during the first 11 months of this year, according to the Korean government statistics. This compared with 50 ships ordered by foreign firms worth $841.5 million during the same January-November period of
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      • 59 13 AFP THE Japanese steelmaker Nippon Kokan has completed the world's largest tanker at 560,000 deadweight tons by expanding a smaller one. The tanker, initially named the Sea wise Giant and weighing 420,000 tons, had been halved in the middle section with an 80-metre-long "mid-body" being inserted in
        AFP  -  59 words
      • 65 13 Reuter TWO SOVIET trawlers were arrested and escorted into Wellington port last Friday by the New Zealand navy for allegedly using illegal undersize mesh nets in New Zealand's 200-mile economic zone. The two trawlers, Olenyok and Brigadir, are chartered to Fletsov, a New Zealand-Soviet joint venture. The
        Reuter  -  65 words
    • 921 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/Agent and Is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      921 words
    • 1523 14 CONTINUED active bookings were seen in the time-charter sector of the freight market on Thursday with increased interest centred on longer term business, brokers said. Two 60,000 tonners were arranged with Far East delivery for 12 months trading at US$7 per long ton, while a vessel of 113,000
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    • 359 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bintulu No 1 (ro/ro) (0600) 47 Jetpur City (1700 subject free board, after Golden Eagle) 23 Kota Bali (Passenger) (0700) 1/2 Kota Buana (0700) 10/11 Kim Soon Li (0700) 22 Lumut (1500 after Iweri) 20 East Maria Marios H (1600 after River
      359 words
    • 449 15 A MAJOR international drive to combat maritime fraud has been launched by the Inter-Governmental Maritime Consultative Organisation (Imco). Draft recommendations aimed at preventing such acts as barratry and the unlawful seizure of ships and their cargoes have been agreed by a special working
      449 words
    • 308 15 Reuter THERE is no sign of Iraq or Iran carrying out their agreement in principle to free 86 ships trapped by the war in the Shatt al-Arab waterway, said informed diplomatic sources. But the Iraqis have allowed 13 men
      Reuter  -  308 words
    • 788 19 gCHEDPIE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      788 words
    • 479 20 CAST, the North Atlantic container operator currently involved in a US$235 million expansion programme to double its capacity by adding six new ships by mid--1983, has bought another 1,000 40 ft containers from Seatrain Lines. The purchase comes just over a month after
      479 words
    • 614 20 AP ALMOST 800 years after Kublai Khan's invading hordes were driven from Japan's shores, Japanese divers say they have found the wreckage of the scuttled fleet along with "priceless" artifacts, many in near-perfect condition. The findings, one of the most important discoveries made in
      AP  -  614 words
    • 451 20 SECONDHAND tonnage brokers in London last week said there were unconfirmed reports that three roll-on/roll-off car bulk carriers of 30,100 long dwt and built 1966 67 have been sold to an unnamed buyer for US$2O million. The vessels are the Falstaff, FldeUo and Furt The brokers added that
      451 words
  • Page 13 Advertisements
    • 377 13 y\cX\ Europe Our Next Loader Port Kelang: 9/12 Singapore: 12 For further details, see page V Li±Jh IA R 1)1 I A\l A H Orient Overseas C<mkU*t&i Line rrr! D n m 14/12 21/12 29/12 o. cawAJoa m s/i KRONSSJJNIIE 14/1 |FIIIY CONTAINERISED EXPRESS. TO/FROM NORTH AMERICA WEST COAST iat
      377 words
    • 415 13 SEALORDI UASC UNITED ARAB SHIPPING CO (SAG) FULLY CONTAINERISED SERVICE sail iii SEALOM) SHPMNG AGENCES (Ref. No. *****5/OOC) 3RO FLOOR. MARINA HOUSE. SINGAPORE 0207 TEL *****94 TELEX NO R*****9 CFS OFC PSA GODOWN NO 50 RM 3 TEL *****31 and *****32 TERMWAL BLDG OFC TEL NO *****90 and *****93 SEALOM)
      415 words
    • 22 13 rasa CONTAINER Schedules D I LONDON Freights n/m SHIPS In Pert m I shipping List vn/vm REGIONAL Weather Vm SHIP Sales vm
      22 words
    • 893 13 4\V*' Australia Our Next Loader Port Kelang: 12/12 Singapore: 9/12 I For further details, see page V MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U S. PACIFIC, GULF, ATLANTIC, EAST CANADA. ASIAN PORTS feeder Vmkl |Port Kel&ng I Penang 1 Vessel I Singapore lLonebeachlNew York Iphilartel r" r MAERSK MANGO
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  • Page 14 Advertisements
    • 965 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Mm Acceptmg For 1) Ba'cetorta Genoa. 2) Amsterdam Antwerp L Havre, Bilbao Basle. UK. 3) Bremen. Bremenhaven Aarhus Copenhagen Hefstnlii 4) Maltno. Stockholm.
      965 words
    • 319 14 815 SUPERCARRIER SERVICE ■artttrwmoi WEEKLY SERVICE TO PANAMA+US ATLANTIC GULF AND E. CANADA ft KM kti tSTOBI CM Mm Saak Ctetn B more N Tart B«tcm St. Mm CM. Itonrtan Itorta* TSU 57/12 1114/12 HO/12 27/1 2/2 5/2 6/2 8/2 10/2 12/2 13/2 20/2 23/2 BMffl TORSBEK *10/12 1711/12 15/1
      319 words

  • Page 15 Advertisements
    • 593 15 MERLION SHIPPING AGENCY PRESENTS THE NEW FULLY CONTAINERISED SERVICE FROM SINGAPORE TO NEW ZEALAND BLUE STAR LINE LTD. Service will be operated by two fully cellular ships M.V. AUSTRALIA STAR (BUILT 1978) M.V. NEW ZEALAND STAR (BUILT 1979) Transit time from Singapore to Ist. NZ Port 12 Days. In order
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    • 737 15 *****32 hammer protrudes through clock case to strike bell *****14 an exclusive gift with brass engraving plate M i PRIVATE LIMITED G7O, 73, 74, Lucky Plaza, Orchard Road, Singapore 0923. Tel: *****08, *****70 NOTICE REQUIRED LIGHTERAGE CONTRACTORS CRANARD SHIPPING AGENCIES (S) PTE LTD requtre reliable and efficient lighterage contractors Please
      737 words
    • 75 15 AN EXPANDING SHIPPING COMPANY NEEDS A FIRST CLASS CARGO CANVASSER MARKETING PERSON TO FILL IN THE SPACE OF THEIR OWN VES SELS GOING TO MIDDLE EAST AND INDIAN REGION PEOPLE WITH DYNAMIC PERSONALITY AND PUSH TO ACHIEVE THIS TARGET PLEASE WRITE IN WITH A PASSPORT SIZE PHOTOGRAPH (NON-RETURNABLE) SALARY EXPECTED.
      75 words

  • Page 16 Advertisements
    • 672 16 Hapag-Lloyd TO MEDITERAAHA Hburg B haven 4/1 2/1 9/1 11/1 20/1 261 6/1 4 1 11/1 22/1 27/1 Rdam Antwerp 3 1 5/1 12/1 9/1 23/1 28 X EXPORTS| 9 1 7/1 15/1 25,1 30,1 TO NORTH EIHOfE/HMTERRANEA/ Connect in Tokyo •Connect m Kobe (CARGO TO ATLANTIC AND GULF PORTS
      672 words
    • 708 16 KOREA smrm CORPN P. K elanj PENANG VEGA 155* 25-29 Dec 30-12/1-1 SPORE 2/6 Jan 81 FROM BUSAN BANGKOK VEGA 156E 25-29 Dec 30-12/1-1 2/6 ian SI TO BUSAN ALTAR 159W 7-11/1 ALT AIR 160E7-11/1 16-19 Jan 81 FROM BUSAN BANGKOK 16-19 Jan 81 TO BUSAN KSC KSC KSC KSC
      708 words
    • 608 16 EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTING CARGO FOR HAMBURG FELIXSTOWE. ROTTERDAM ANTWERP IE HAVRE AISO ACCEPTING CARGO FOR UNITED KHGOOM SOUTHAMPTON. LONOON MANCHESTER BIRMMGHAM BRISTOL. LIVERPOOL. GLASGOW LEEDS WEST GERMANY BREMERHAVEN HOLLAND AMSTERDAM S'pwt »Mm( Rotterdam frfiitowe Antwerp Lt Hawe (Mr lor* 1* 12 J/1 1/1 11/1
      608 words
    • 897 16 Everett Lines y*. Barm* Fivt Star Shipping Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON Sppre Pkatang Pmm PAM 20/23 DK J PKM 24/24 DK 27/31 DM HTOKTIM 27/21 Dk 29/31 Ok rmsHwertimi* 1/3 tan B F SS C Agents m Motoyvo BOUSTEAO SHIPPING m NOS KL *****2/*****9 Compania Argentina Dt
      897 words
    • 736 16 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD 131 SANKYO LINE AUSTRALIA SERVICE MAY CARP MAY PWWCE Singapore ■(PORT 10/11 iM Loaifctg for DMtWMNErA SYO. MEL. AOEL JAPAN/STRAITS SERVICE CONTMO BOOK PC SUB AGENTS P KELANG PENANG SMGAPORE TEL *****44/7 I *****70 K lUWW TEL 414(44 *****1 OCEAN SHPftNG STORE TEL *****44/7
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  • Page 17 Advertisements
    • 319 17 L. PIL GROUP EAST AFRICA/ftEDSEA SERVICE A COLOMBO/KARACHI/P. GULF SERVICE KOTASEJARAH 25/30 Dec Dubai, Kuwait, Karachi KOTA BAKTI 10/15 Dac Karachi, Dubai Kuwait SINGAPORE/CHITTAGONG/RANGOON/SERVICES KOTA BUANA. Singapore In Pt/10 Dac Loading For: Chittagong, Madras SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES KOTABERKAT 27/29 Dec KOTAANGKASA. SINGAPORE/INDONESIA/SINGAPORE SERVICES S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER
      319 words
    • 928 17 FPT» BEN LINE CONTAINERS express com wo so via to/from bjrope H BURG BHAYEN ROAM HAVRE SOTON Ferl Flow 0 epee Limpid lay Hawbwg Eipress Kaluga Mm Largs Bay Kewtaan Bay FROM EUROPE H BUSG B HAVEN Germany Austria Fori Flaw Dtpee Sated Iwarpodßay Salad Saied Hantawg Eipress SaM Saied
      928 words
    • 715 17 i Y I I Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE I PENAGA SM WD H00« 9/12 OMU 12/12 I PENAGA 19/12 1 21/12 PENAGA 2/1 DAM.M 9/1 Spore| I >ITiedMs2)irdaoi 3lH(w|4>Chir| 24/12 21/12 30/12 1/1 '/I SEIAMM J/12 24/12 MAKTAMA* 20/ i: ;/i DMCA SUM 'J'J2 31/12 ICO 01
      715 words
    • 543 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNION SOUTH AFRICA 6EAVERBANK SINGAPORE 9/12 eto Reunion 22/12 Durbon 1/1 Capetown 5/1 Pt Eliz 7/1 (also accepting East London and Maputo cargo) Lykes/ Lines U S. WEST COAST SERVICE Onct tram SFO Ibch NANCY LYKES Sid Sid BRINTON LYKES Sid Sid LESUE LYKES
      543 words

  • Page 18 Advertisements
    • 904 18 K LINE TO NORTH AMERICA tarter feeder msefc also a«a4aMe on request Cargoes iho acceptable tor Oakland Vancouver Portland Houston. Galveston. Near Orleans. Boston St Mm. Ptiiadeptaa Nor lot Baitnore. Savannah. lacksomie TO EUROPE S pore P Kelang L Havre R dam H burg Bremen A werp C. CONTMO 9W
      904 words
    • 616 18 f '/ie "SO MANH* •so twwa CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE LM*( tm LOS IKUES SM FMNCSCO. HMIII IKOW VMCOMI I.C Ftt FCL CatMn P Ketonj Singapore L Angeles WVUr hPI/lOK tOK 4 ton (MA" 25 0* »0k 21 I* AUSTRALIA EXPRESS CONTAINER SERVICE NEW ZEALAND SERVICE DUN
      616 words
    • 517 18 »'V (■I'OIII) SINGAPORE SHIPPING AGENCIES PTE. LTD 20TH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 13 LINES) GENERAL *****1 114 LINES TERMINAL OFFICE *****83 TELEX RS ***** RS ***** A BCARSHIP CABLE CARGOSMIP irrrml liiiJl' Coiit.'iinvr Lines WEEKLY CONTAINER SERVICE to/from BANGKOK IAOC BOUNTY J ADC BOUNTY IMX BOUNTY J
      517 words
    • 669 18 aGRANARD LINE INDEPENDENT ATTRACTIVE RA TES MEDITERRANEAN SEA SERVICE ALSO 4CCEM\G COXTAIXER CARGO FCI O\LY FOR PORT SAID. ALEXANDRIA. BEIRUT. LATTAKIA. UMASSOL. ISTANBUL PIRAEUS Specially engaged agents <£ stevedores providing immediate discharge MAM CHEONG ¥.41* MAM SMC V 40» Cafc»g Pert Said. Beirut I Lattifcia only ALL OWNED VESSELS GRANARD
      669 words
    • 699 18 f INTRASIA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****11:*****57 jroaAMAiiw REGULAR MDCPOOCNT SERVICE TO EUROPE S pore P Kelant Penanf Loadnj for NORASIA W897 IS Dec 21 Dec BOULOGNE! DAM/ UK(AVON) Mts Smapwt MTRASEA (PTE) LTD *****11 BOOKMG *****57 K Ltmpu TtO SWPM6 I TRADMG *****4
      699 words

  • Page 19 Advertisements
    • 612 19 TO EUROPE/UK (VIA SUEZ): C. CONTAINER 9W+ SS BRDGE 29W N. G ARNE T 3W K. CHANCE l«f K. JACEJIN BW.. TW BRDGE 4W. •Containers feedered to/from F'stowe Also accepting cargo to/from Scandinavia +C. CONTAINER S pore Closing Times: FCL Cargo LCL Cargo FROM EUROPE (VIA SUEZ): C. PAUL 24E
      612 words
    • 379 19 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT SUEZ PI SAD ALEXANDRIA AGIA MARINA Dec 24 lan 6 lan t Jin 13 SPHMX U lan 26 Feb 11 Feb 14 Feb It Cargo Booknjs Please Phone *****43 MARTRANS CARGO PLEASE CONTACT SCHENKER
      379 words
    • 495 19 \tja\ OCEAN LINES *1 UMQUE CHALLENGE VSNB UMQUE WINNER V bm REGULAR NON CONFERENCE SERVICES MEDITERRANEAN SEA SERVICE Spore P Kelang Pfidij loading tor I Port Said Lknassol 'Ale landria Praeus Eletrut Rijefca MERIDIAN EASTERN LINES DftECT REGULAR MONTHLY SAILING TO COLOMBO I KARACHI (Aho carjo for SHARJAH. DUBAI. BAHRAIN.
      495 words
    • 471 19 r fjjL LEMON SHIPPING PTE. LTD. 1508 Robina House Shenton Way Singapore 0106 Tel: *****33 4 *****04 *****14 *****71 *****05 TRANS-K LINE KARACHI SERVICE M V BANGPLEE STOW In Port ATLANSA CONTAINER UNE LTD P Kelang Agent RAOIN SHIPPING AGENCIES SDN. BHD Tel: *****4/5 WORLD S* LINE ESS REGULAR SERVICES
      471 words

  • Page 20 Advertisements
    • 270 20 MALDIVE LINES ETA ETA KUANTAN PORT KELANG MALDIVE IDUSTRY Sailed Loading for Chittagong/Madras MALDIVE PEACE 7/12 Loading for Dubai/Kuwait MALDIVE MAGE 15/12 Loading For Jeddah/D|ibouti MALDIVE LOYALTY 23/12 Loading for Hodeidah MALDIVE SEAFARER 30/12 Loading for Jeddah MALDIVE PIONEER 30/12 Loading For Jeddah FOR BOOKINGS ENQUIRES PLEASE CONTACT: SINGAPORE PORT
      270 words
    • 328 20 GLOBE LINE LTD Weekly service to Male. Maldive Wands via Colombo SPOKE COLOMBO ETD ETA ETD 10/12 13/12 19/12 15/12 21/12 26/12 Globe v. 3 10/12 13/12 19/12 ms "SIM S." 3 Globe v 4 15/12 21/12 26/12 ms SUNE S." v 4 Globe v 5 23/12 29/12 2/1/-81 ms
      328 words
    • 222 20 NOTAS LINE Regular Express Service ky Agents STORE NOUS PTf HO Ttl ?*****4 (5 l.Bev Tl* RS ***** f>» MAHMOOO IMU> I SONS SON BMO Til *****3 Til M< ***** P Gudang SMAPAOU MOtWNG SON BMO TU 6666! Tl« MA ***** PfNANG STRAITS ORIfNT SHIfP (NT SON BMO T[l *****?
      222 words
    • 373 20 WE CAN ACCEPT CARGO FOR (1) PHNOM PENH Tug/Barge combnation departing Singapore on/about lOh December 1980 (2) CHITTAGONG Single deck coastal vessel departing Singapore on/about 24tT> December 1980 Can consider other poet discharge en route Please contoct CLEW ENTERPRISES PRIVATE LIMITED SUITE 11-324 11TH Floor. Merlin Ploio BEACH ROAD SINGAPORE
      373 words
    • 262 20 K\ KRKTT STKAMSHIP HKI'OK \TION S A "JaiinrirrrU" MH Arrt: 25.11.W fl«ff of Sarin: I'-S.A. t.dn IK Onci.il Survey on da ma god oacgo discharged ox tho abovo vessel will ho hold on Bth December. ISHO (10m BHO a m No further survey will ho hold after this date. I
      262 words
    • 52 20 M.V Cherry Singa Voy 1/80 arrived 2/12 80 at Reppel Wharf Gdn 27 28. Omral survey damaged cargoes discharged ex the above \essel will be held on Fridav 12 12 80 as from 0930 to 1200 No further survey will he held after this date l.ian Soon Agencies Pte l.td
      52 words
  • Page 20 Miscellaneous
    • 167 20 Regional Weather i Va N > s ffi s> as 2* <ss A •a V sa b^£ f>« ?*v SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c win* Wind direction with speed in knots Wave height LEGEND: R Thunderstorm Temperature °C Shower Weather w «nd direction with
      167 words