The Business Times, 19 December 1980

Microfilm: NL10845
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES No. 111/1/8* FRIDAY, DECEMBER 11, 1181 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Philippine Disneyland
      74 1 UPI MANILA, Thurs. A Philippine-born Chinese industrialist, Tan Yu, will invest at least US$l3.3 million in a proposed Philippine-version of Disneyland, the Business Day newspaper reported today. Mr Tan is the leader of a Taiwanese group that is prepared to invest through Bancom International, a Hongkong-based multinational. The
      UPI  -  74 words
    • Article
      Lock icon Labour Party leading
      87 1 AP TEL AVIV, Thurs. Labour Party chairman Shimon Peres became the leading contender for the Israeli premiership in next year's election when he crushed a challenge today by former Prime Minister Yitzhak Rabin, unofficial results showed. Mr Peres hung on to the party leadership by 70.4 per
      AP  -  87 words
    • Article
      Lock icon Syria-Libya agreement
      64 1 Reuter BEIRUT, Thurs. Syria and Libya agreed in merger talks this week to set up a joint revolutionary leadership to supervise union of the two countries. The Libyan news agency, Jana, today reported that Syrian President Hafez Al-Assad and Libyan leader Muammar Gaddafi also agreed to set up
      Reuter  -  64 words
    • Article
      Lock icon Christmas offer
      78 1 Reuter TEHERAN, Thurs Prime Minister Mohammad Ali Rajai has again offered the US government the freedom of the American hostages as a tempting Christmas gift on condition that Washington gives Iran what it wants in return. He said the 52 captives held for more than 13 months could
      Reuter  -  78 words
    • Article
      Lock icon Intellectuals blamed
      74 1 AP BEIRUT, Thurs Iranian leader Ayatollah Ruhollah Khomeiny blamed "university intellectuals" as the source of political unrest on the home front and said that the nation's universities "must be improved". "We don't mean that there should be none, but that they be for the people and the country,
      AP  -  74 words
    • Article
      Lock icon Air talks fail
      69 1 Reuter TOKYO, Thurs Japan and the Soviet Union failed to reach agreement on ways to cope with a drop in the number of passengers using air routes linking Tokyo and European capitals via Moscow. Japan had asked the Soviet Union to reduce the number of flights operated
      Reuter  -  69 words
    • Article
      Lock icon Eximbank loan for Manila
      65 1 AFP MANILA, Thurs The US Export-Import Bank has approved a multi-project arrangement with the Development Bank of the Philippines (DBP) to cover US$lOO million worth of purchases from the US by various enterprises here. Under the agreement, public or private enterprises can avail themselves of the
      AFP  -  65 words
  • Article
    Chief Price Changes
    139 1 Rises G Ceramics 340 65 M»ia Rice 530 52 Shangri-La 2200 50 Sel Properties 1390 40 Straits Trading 1200 30 S T P 1975 1010 20 Spore Land 580 20 Rothmans 540 15 Malakoff 460 12 Sigma Metal 193 12 Falls Magnum Corpn 1600 -40 PMC 1120
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  • Article, Illustration
    KUALA LUMPUR
    153 1 Rises M Rice 545 55 Timuran 590 30 Kamunting 510 20 S Trading 1250 20 Loytape 199 +15 LSI 4 Pen 845 15 HLInd 358 14 Esso Ord 550 10 Roth mans 580 10 Falls Tronoh 1730 -70 A Hi lam (T) 1400 -50 PMC 1170 -30 Magnum
    153 words
  • Article
    NPB programme to raise output
    622 1  -  QUALITY CONTROL CIRCLES By AGNES WEE THE NATIONAL Productivity Board has drawn up a four-year programme to promote quality control circles (QCC) particularly in manufacturing companies. Between 1961 and 1964, the Board hopes to train circle leaders, set up pilot circles and establish a QCC
    622 words
  • Article
    Hotel Royal rights at $1 per share
    273 1 HOTEL Royal has announced a one-for-one rights issue at $1 per share, raising its paid-up capital to $20 million. Its financial adviser, Singapore International Merchant Bankers Ltd, disclosed yesterday that the major shareholders will take up 60.43 per cent of the proposed rights
    273 words
  • Article
    Shell hires new man for Bukom project
    374 1  -  By RONNIE LIM SHELL has appointed a new official to take charge of re-building its currently stalled hydrocracker project. The previous construction manager, Mr W.S. Wilkinson, has been charged with corruption. But what is more significant is that Shell Eastern Petroleum (in charge
    374 words
  • Article
    Institute ready next year
    400 1 THE JAPAN Singapore Institute of Software Technology is being accorded top priority under the Japanese technical aid program. The Institute will be operational by the end of 1961, at least six months earlier than the normal time to complete a technical co-operation project. The Japanese regard
    400 words
  • Article
    Officers at DBS receive 20-30 pc pay increase
    255 1 A GENERAL degree university graduate will hw ear* as much u aa honours degree holder at the Development Baak of Singapore M a result of the bank's latest salary revision. Revision of pay scales has also brought about an increase sf between
    255 words
  • Article
    Stock firms to hand out generous bonuses
    512 1  -  By KOH TSE YING AMIDST the current gloom in the stock market, employees of most stock broking firms will still have good cause for celebration. The booming market for the best part of this year and the hard work put in by administrative
    512 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      8 1 'i i l Ui'li IHI iVW 'TTiKiFi i]
      8 words
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      Page 1 Advertisements Column 2
      15 1 m rr ivAtt *****30 or *****24/*****7 E3TW Cgc fflmm Mort flan a car renfjf service'
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      Page 1 Advertisements Column 3
      66 1 EMDS SHIPPING TIMES JURONG Alleys to expand steel WAGES sf Iseal managers are fanndry npnij I Increasing fast I DETAILS sf China's new tax COMMODITY producers trying regilstts— S far a bettor deal 7 ALLIES pleased with nemina- HIGHLIGHTS of yesterday's tion sf w*ig 5 eleetton ra11ie5.....—....— 12 CROSSWORD I,
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      Page 1 Advertisements Column 4
      171 1 m SA Leader...page I Sir wKTR) b m I r>. s4 m r J I w r You'H appreaatc this quiet rrtrrat tight in the heart of the aty. Sir Stamford Lounge in Restaurant 1819 takes you back in time. To peace and quiet you never knew cawed in the
      171 words
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  • TRADE AND INDUSTRY
    • Article
      Jurong Alloys to expand output of steel foundry
      353 2  -  By LILLIAN CHEW JURONG Alloys will expand the annual production capacity of its steel foundry by half to a target of 3,500 tons. The company which was acquired in July by Conzinc Riotinto Australia (CRA), one of the largest Australian mining and
      353 words
    • Article
      IDM introduces commodity service
      298 2 INTERNATIONAL Data Media (IDM) is launching its computerised commodity information services in the Far East and Singapore is its first 'port of call.' The IDM computer picks up information from the London and New York commodity futures markets and relays them instantly to receiver units around
      298 words
    • Article
      Trade deficit still rising
      192 2 THE trade deficit of Singapore continued to rise from $6,242.3 million for the first 10 months of last year to $8,029.8 million for the same period this year. This represents a 28.6 per cent increase. However, the trade deficit has narrowed from $1,081.9 million in September
      192 words
    • Article
      TRADE TALK
      91 2 THE second Asian Wood Products Conference will be held at the Shangri-la Hotel on Jan 13 and 14 in conjunction with two major exhibitions at the World Trade Centre, Wood 81 and Furftfma 81. Last held in 1979, the conference attracted 150 delegates. The organisers expect an equally
      91 words
    • Article, Illustration
      Concrete transporter
      140 2 DAFFTN Mobile Products recently introduced its concrete transporter system to South-east Asia. The concrete mobile mixes and delivers concrete on the site. Concrete is mixed on a continuous basis instead of the usual batching process to ensure a steady supply of specified concrete when needed. Once set, the
      140 words
    • Article
      The manufacturer's role
      270 2 MANUFACTURERS in Singapore must play their part in ensuring higher quality standards rather than urge people on the shop floor to be more quality-conscious without providing them with adequate means to improve product quality. Mr Eugene Yap, chairman of the Singapore Quality and Reliability Association (SQRA), said
      270 words
    • Article
      COURSE TO BE REVISED
      197 2 THE chemical engineering course at the National University of Singapore will be revised frequently. This was disclosed by Dr W. E. Mason and Dr Ng Cheng Siong at the seminar on Chemical Engineering Training in Singapore at hotel Equatorial yesterday. They warned that while the course
      197 words
    • Article
      DIAS hits out at jewellery designers
      284 2  -  By SIOW LI SEN YOUNG Jewellery designers in Singapore have been told they are either a lazy lot without initiative or just plain apathetic. The president of the Diamond Importers Association of Singapore (DIAS), Mr Chan Kok Kwan, deplored the lack of interest from
      284 words
    • Article
      MEMO PAD
      250 2 SEMINARS AND COURSES Dec 20: Employee Health Benefits Workshop, Waterloo Centre, Personnel Organization Development Jan 8-9: Finance For NonFinancial Managers, Price Waterhouse Associates Jan 10: Modern Secretary's Workshop, Waterloo Centre, Personnel Organization Development Jan 10,17,24: The Secretary in Management Today, SIM Conference Room (3rd floor, Thong Teck Building),
      250 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      155 2 They're as close as your phone. A phone call at Christmas can mean so much when loved ones are faraway. Just a simple call and you can share the excitement and joy of the season. Book your greetings calls now by phoning *****22 and avoid last-minute queues. You can also
      155 words
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  • REGIONAL
    • Article
      Lock icon Keidanren against plan to increase corporate tax
      348 3 Reuter THE Federation of Economic?' Organisations (Keidanren) has opposed a plan by ts£. Japanese government to increase corporation tax by 2«per cent to 42 per cent, and hopes that the government will introduce an investment tax credit system to- encourage capital spending, a
      Reuter  -  348 words
    • Article
      Lock icon Measures before martial law lifting
      287 3 AFP THE Philippine Legislative Assembly (IBP) yesterday voted against a presidential election for a transitional appointment next year until the country's regular national assembly is convened. The IBP committee on proposed constitutional amendments also set the holding of regional elections for members of the regular
      AFP  -  287 words
    • Article
      Lock icon Steel output may fall
      151 3 AFP JAPAN'S crude steel output in the January-March period year is expected to drop to 24.5 million tons, the lowest in -three years, due to sluggish demand in Japan and abroad. The projected figure by the Ministry of International Trade and Industry on Wednesday means that
      AFP  -  151 words
    • Article
      Lock icon Chairman Hua to resign at party meeting in January
      396 3 AP UPI CHAIRMAN Hua Guofeng, under heavy fire within the Chinese Communist Party, has agreed to resign, diplomatic sources in Beijing reported yesterday the 21st day of Mr Hua's disappearance from public life. Mr Hua is expected to resign at a
      AP; UPI  -  396 words
    • Article
      Lock icon China unveils tax law
      532 3 AP Reuter CHINA published on Wednesday detailed regulations of its new income tax on individuals and Joint ventures, including a provision /or tax refunds on profits reinvested in China. The official Xinhua News Agency distributed the lengthy regulations that go with income tax laws promulgated on
      AP; Reuter  -  532 words
    • Article
      Lock icon Toshiba to have plant at Bangi
      120 3 AFP TOSHIBA Berhad, a JapanMalaysia Joint venture, is setting up another plant in the new industrial estate of Bangi, about 30 km from Kuala Lumpur to produce television sets. The plant is being set up in a 4-hectare site with an initial capital of
      AFP  -  120 words
    • Article
      Lock icon New Viet offensive expected soon
      232 3 Reuter THAILAND yesterday predicted that Vietnamese-led forces in Kampuchea would soon Launch a new military operation against Khmer Rouge and non-communist Kampuchean guerrilas that could spill over into Thai territory. Thai military spokesmen said yesterday that they had received reports indicating that the Vietnamese-led forces
      Reuter  -  232 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      216 3 FOOD AND FESTIVITIES 9 I sumptuous ajhiratXmas and c 7lmf]Jj2ar *ris the season to be jolly, with merriment in the air; at La Chaumiere, it's a delicious affair" Come share the joy of Christmas spirit with your family and friends amidst the warmth and cosiness of Lome. As the name
      216 words
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      Page 3 Advertisements Column 2
      82 3 > OMLGA Omega Jewellery Quartz. Photographed on Faubourg St. Honor 6, Paris. Shown from left to right: .BA. 891 *****, BA. 891.***** and BA. 891.8883 A. All watches have cases and bracelets in 18ct. gokl with miniaturized quartz movements, diamond settings and sapphtre crystals. Sole Agents and Service Centres: Silvaroyal
      82 words
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  • RAW MATERIALS
    • Article
      Lock icon Balanced supply and demand for nickel expected
      212 4 Reuter INCO LTD expects nickel supply and demand to be approximately in balance worldwide in 1981. Company chairman Charles Baird said this projection is based on expectations that supply will be reduced significantly while demand will be close to the 1.15 billion to
      Reuter  -  212 words
    • Article
      SOYBEAN
      208 4 CHICAGO soybean futures on Wednesday closed 6'A to 13 US cents a bushel higher in choppy trade. Prices settled around the middle to high side of a 20'/2-cent range. Late local short-covering rallied prices back to the plus side. Traders attributed market strength to improved export interest and the
      208 words
    • Article
      WHEAT
      141 4 WHEAT futures in Chicago on Wednesday closed on a weak note, down three to 5 Vt US cents a bushel. Prices settled on the bottom of a 13 >/2-cent range. Local liquidation on lack of follow-through commercial pricing dropped values to day's lows, traders said. They added that nervousness
      141 words
    • Article
      RUBBER
      336 4 OPENING prices on the Singapore rubber market yesterday were marked up slightly but the market later eased on lack of interest and some selling. Trading was thin, dealers said.. The morning session closed slightly easier with. January One RSS buyers *quoted at 288.50 cents a kilo, down one cent
      336 words
    • Article
      RAS PRICES
      292 4 RAS prices in cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt (.o.b. 284.00 285 00N Int. 1 R.S S January 288.50 289.00 Int. 1 R.S.S. February 294.00 ***** Int. 2 R.S.S. 275.50 276.50N UK/Coot 274.50 275.50N Int. 3 R.S.S. 272.50 273.50N UK/Coot 271.50
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    • Article
      SSR and SMR
      93 4 NOONSSRai id SMR p nee* ywurdtjr RA8 SSR20 SSR50 (1 loo pallet) (1 too pallet) Juuqr (CnrMt Mtb) Barer* Seller* 144.00 246.00N 240.00 242.00N P ebrstry (Forward MU) Bayer* Saltan 246.00 24S.00N 242.00 244.OON MBKI.B SMRCV SMRL SMR5 SMRGP SMR 10 (1-ton (1-ton (1-ton (1-ton 11 -liw
      93 words
    • Article
      Closing prices
      40 4 Rubber: Dec 18 Singapore: January: 287.00 cents (down 2.50 cents) Malaysia: January: 298.50 cents (down 2.50 cents) Tin: M$ 1,936 (up $6) (equivalent to $32.01 per kilo) (up 10 cents) Official offering: 221 Vi tonnes (up 29V* tonnes)
      40 words
    • Article
      Straits Tin
      75 4 THE STRAITS tin price In Peuig yesterday me Msl to $1,191 ft plcnl (equivalent to $8.11 ft kilo), still $9M below the lateraftttoftftl Tift Agreement celling. Despite mere er lens unchanged London evernight advices and higher tin ere, deliveries prices rsse, mainly n farther strong baying from Japan,
      75 words
    • Article
      Produce exchange
      172 4 CHINESE P»*w» Exchange, flfpwr. per IN kg Cm—l Bulk fob $140 00 sellers, old dram (la second KniH dram) fob 1152.00 sellers, new dram fob $***** sellers. Cspra: Mixed (loose) 177.00 buyers. Psppsr: Muntok white pepper fob Asta NLW $425.00 sellers, Sarawak white pepper faq fob NLW $420.00
      172 words
    • Article
      TEXTILES
      194 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Ctttss yarn: China Blue Phoenix 20s 2,045; 32s 2,706, 40s 2,960 (per bale of 400 lbs). Pteee fssds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      194 words
    • Article
      RICE
      323 4 SNGAPOBE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first dais (Kangaroo) new crop 1.12, 100 per cent second class 0.96, 100 per cent third class 0.93, 25 per cent new crop no stock, B-10 per cent 0.82. THAI BROKEN. A-super 0.7«, Special 0.73.
      323 words
    • Article
      LONDON MARKETS
      786 4 COFFEE: Robusta futures yesterday closed a quiet morning narrowly mixed, £1 up to £2 down with the mch position about unchanged. Turnover was 349 lots including nine options. Dealers said overall trading in an otherwise featureless market was well matched with underlying hedge lifting operations contributing to market
      786 words
    • Article
      Duty rates
      87 4 THE Malaysian Minister of Finance has fixed these rates for the period from Dec 18 until further notice: Bakfcar: 309 1 cents a kilo for RSSOne; Capra: MJ796.83 tonne; Pita kernel: *866 75 a tonne; WWto pippir: *1.635 50 a tonne; ■nek pepper: C.W7 83 a tonne. The
      87 words
    • Article
      PALM OIL
      106 4 VALUES on the Malaysian palm oil market yesterday ruled higher on tight supply of fresh fruit bunches while there was also book-squaring ahead of the Christmas holiday, dealers said. In January, the Central was traded Mss high#, while other centres were quiet. The refined market remained featureless enlack
      106 words
  • ASIAN STOCKS
    • Article
      Increased buying in low-priced issues
      510 4 TOKYO SHARE prices yesterday rose on increased buying in low-priced issues and high-priced electricals, following the overnight rise on Wall Street, but popular blue chips were generally lower, dealers said. The market average gained 25.44 points to 7,063.54 in fairly active trading with a volume
      510 words
    • Article
      Hongkong
      332 4 VOLUME continues to shrink as the end-year holidays approach. After a firm opening, the market yesterday suffered some selling but rebounded by mid-morning to take some good gains. Only a late surge of selling kept the Hang Seng index from registering a smart advance. Institutional buying was evident yesterday
      332 words
    • Article
      Sydney
      328 4 NORTH Broken Hill's surprise takeover bid for 70 per cent of tyremaker Dunlop Olympic continued to dominate generally improved trading yesterday, brokers said. Dunlop shares finished the day 11 cents up at A 51.36, while North BH stood at |4 to give its one-for-three share swap offer a cash
      328 words
    • Article
      Bangkok
      235 4 PRICES yesterday weakened in another slow trading session as popular issues were ignored, dealers said. First Trust fell one baht to 52.50, Vidhayakhom 1.50 to 68, Saha Union one to 186 and Jalaprathan Cement one to 110 baht. DEC 18 Bahts Asia Credit Ana Fibre Ayuthaya In* And Trust
      235 words
    • Article
      Manila
      159 4 THE MARKET continued mixed yesterday as commercial industrial tended higher while mining and oils were easier and turnover dropped to 5.7 million pesos from Wednesday's 9.2 million, dealers said. Atlas Coo B, Surigao Con B, Oriental B and Pioneer were among losers, but Philex B, Phil Overseas, Ist Phil
      159 words
    • Article
      Selected indices
      46 4 FINANCIAL TIME8 INDUSTRIALS Wednesday 488.5 Tuesday 488.9 WeSkAgO 468« DOW JONES AVERAGE INDUSTRIALS Wednesday 928J0 Tuesday «1MB Week Ago 816.21 H.K.HANG 8ENG Thursday— J»* Wednesday JS2"5S Week Ago 1282-20 SYDNEY INDUSTRIALS Thursday 753.54 Wednesday 74*23 Week Ago 740.38 ALL ORDINARIES 55SS3Sf==^ Week ACQ f
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      74 4 Direct to KUWAIT Twice Weekly with J AT Yugoslav Airlines JAT the only airline to bring you and your cargo direct to KUWAIT. In the quiet comfort of wide-bodied DC 10's Ex SINGAPORE every WEDNESDAY and SUNDAY Ex KUWAIT every TUESDAY and SATURDAY Yugoslav Airlines For full information, passenger/cargo reservation
      74 words
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  • OVERSEAS
    • Article
      Lock icon UN suspends session on North-South dialogue
      299 5 AFP AP THE UN General Assembly adjourned on Wednesday night on the same note sounded at the opening o( its session three months ago: W9*sting deadlock over how' to resume meaningful North-South dialogue on the "nfcto international economic order" which the Third (South) wants
      AFP; AP  -  299 words
    • Article
      Lock icon Italians move to help exporters
      206 5 NYT THE Italian monetary authorities lifted some of the draconian measures to defend th?, lira to help exporters on Wednesday. Tt»iian exporters and importers will now again have limited scope to take advantage of exchange market movements in the settlement of their transactions. Exporters will
      NYT  -  206 words
    • WORLD IN BRIEF
      • Article
        PROFIT OF AT&T
        472 5 AMERICAN Telephone and Telegraph has became the first carperatiea ever ta repert profits ef mare than inm MlHen la a 12-month JM T, the Mggeat US telephone company, snid It earned PL* Mlßan In the 12 m—ths ended Nav N, np 7.7 per cent from $U1 Mllien
        472 words
    • Article
      Lock icon Bank of England warns of falling output
      166 5 AP BANK of England has warned that Britain's industrial output will continue falling next year. The state-run bank's quarterly bulletin, issued on Wednesday, takes a gloomier view of the economic outlook than either the government or the big business Confederation of British Industries.
      AP  -  166 words
    • Article
      Lock icon Soviet output below forecast
      176 5 Reuter FIGURES published on Wednesday in the weekly Ekonomicheskya Gazeta suggested Soviet industrial performance this year would fall short of provisional figures announced two months ago. Western experts said it seemed unlikely there would be any significant improvement in time to change the overall final figure
      Reuter  -  176 words
    • Article
      Lock icon Allies welcome Haig as Secretary of State
      621 5 NYT THE NOMINATION of General Alexander Haig as Secretary oI Stale was greeted favourably by the United States' allies in Europe and Asia. Government officials and spokesmen contacted in West Germany, Japan, Britain, France, Israel and Egypt expressed satisfaction that a man they
      NYT  -  621 words
    • Article
      Lock icon Defence budget rises
      161 5 NYT EAST Germany announced on Wednesday an increase in its military spending for 1981 by 8.4 per cent to reach a total of US|5.4 billion and blamed threats to world peace for the additional expenditures. "In view of the growing threats to peace and to international security
      NYT  -  161 words
    • Article
      Lock icon Pravda accuses Nato of violating norms
      383 5 Reuter THE Soviet Communist Party newspaper Pravda, in its most authoritative statement on Poland since the Moscow summit of Warsaw Pact leaders two weeks ago, yesterday accused Nato of transgressing generallyrecognised norms of international relations. The Pravda editorial bore the name Alexei Petrov, believed
      Reuter  -  383 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      144 5 a The daily Aircraft Schedule haa bean held ovar bacausa of preaaure of •pace. Flight information by telephone can ba obtainad from the airport (8b0888) or from the respective airlinee: SIA *****47/*****48, Garuda *****7, MAS *****2, CPA *****7, Qantaa *****01, BA *****01, KLM *****1. AVAILABLE FROM KOOL-AIR s ».ss§Hi ,;..:.:-v
      144 words
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      Page 5 Advertisements Column 2
      216 5 i 4 Mtf/ }jt I 9 3# fl In Watchmaking Its very ownership is sheer testimony to the kind of man or woman who owns one. The advancement of fine Swiss watch technology; the perfect creation of the master craftsmen —unexcelled in beauty, design and precision. From the first inspiration
      216 words
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  • Article
    What honour in these degrees?
    416 6 THE DECISION by the Development Bank of Singapore to eliminate the salary differential between ordinary graduates and those with honours will be received with mixed blessings. The bank is to be commended in acting decisively on the basis of the evidence it has built up
    416 words
  • Article
    Accelerating into the computer age
    227 6 THOSE WHO have dealt closely with the Japanese in business will know full well how they dislike being pushed into hasty decisions or into implementation stages without their customary ponderous examination of every single detail. To such people the progress being made with the Japan
    227 words
  • Article, Illustration
    HIGHER RATE OF PAY INCREASES
    1107 6  -  Pay increases of Singapore managers and clerical staff in Singapore, at 12.5 per cent and 19 per cent respectively, are higher than those of developed countries. LEE YOKE MENG examines the wage trends of developing and developed countries. LEE YOKE MENG IF IT IS any
    1,107 words
  • Article
    Lock icon Oman's oil production plans
    762 6  -  By IBRAHIM HOORI Reuter NEW OILFIELDS have come on stream in Oman, promising the Arabian country more revenue from higher exports over the next 20 years, but the government intends to keep production below the possible maximum during the next Ave years. Oil exports, currently running
    Reuter  -  762 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      98 6 Are you going our wayTOKYO/OSAKA Z TOKYO SINGAPORE OSAKA TAIPEI F HONG KONG For as little as $45 a night (inclusive of free breakfast) Let NEWPORT TRAVEL show you how you can save up to 50%* of your normal hotel costs. No Gimmicks Genuine Savings Deluxe/First Class Hotels Ask for
      98 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      653 6 TWO-IN-ONE CROSSWORD I CRYPTIC PUZZLE ACROSS 4 Hoffman may be a bit of an industrialist (6) 7 Sticky form of mild Brie (4-1) 8 One raising objections to dairy produce? (6) 10 Possible haul on the way for an old soldier (5) 13 What you want to do with a
      653 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      702 6 THE WORLD IN 1980 THE WerU ia W Is a locally product tt-mlnute prtfTHuiie teatarlag the major pfiMl developments WMud the world. Tue 1b at 7 M oa eku■el to recall (or Is It reacqaalat yourself with?) the pa—lag year. The turmoil la eO-rlch Persian Galf and the Middle Eut,
      702 words
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  • Article, Illustration
    Lock icon Seeking a better deal
    1297 7  -  After years of talks some progress has now been made towards smoothing the violent fluctuations on world commodity markets. But there remain many dangers and obstacles. JOHN EDWARDS gives you a clearer picture. JOHN EDWARDS FT AFTER years of negotiations there are now signs that attempts
    FT  -  1,297 words
  • Article
    Lock icon World inflation expected to boost Israel's diamond sales
    387 7  -  By ARIK BACHAR Reuter ISRAEL'S flourishing diamond industry expects world inflation to increase its sales again next year after setting a USI.4 billion record in 1980. Moshe Schnitzer, president of the Diamond Exchange, said that despite tough eompettion from rivals such as
    Reuter  -  387 words
  • Article
    WHAT'S IN A NAME?
    834 7  -  FOBUH with B J WU WHAT'S in a name? Plenty, it would seem, Judging by many parents' uneasiness over the recent move by the Government to adopt Pinyin names for children. A name is after aH the ultimate proof of one's identity. In a rapidly changing
    834 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      270 7 Wfe have a history of making money grow j&k Lombard North Central is part of one of the world's largest banking groups and we have a history whicnWFl z covers more than 100 years. j a jn We offer a range of deposit I llJc schemes which will produce maximum
      270 words
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      Page 7 Advertisements Column 2
      212 7 SKI -V SM J ;■«> <<• -r:-'/'*- > MP 3 V. ffe 0: as .V ■0 Vv ■>'■ ?r; *< r > Krai r-*- T aSM 3 {MB#*# y*M-" v* S3* vf'* X > A < X '4te.#v •Ji- 2 < Wm: *■4*- >/ V v KMlimS K A\ A
      212 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        266 8 DEC 17 Fr* CORBEILLE Air-Liquid* B S N Gervais Uanone C S F (Thomson Cif) 536 1100 <2!!0 12 -IS Cle Francalse des Petroles Compagnie Financiers Compagnie Generale Credit Foncler 2S3 371 418.10 -1 -I 1.9 Hachette (Libra! rle) Machines Bull Michelin (B) Partbas Pechlney Clglne Kuhlmann Peugeot Philips
        266 words
      • Article
        Brussels
        94 8 DEC 17 Pre FORWARD MARKET A r^r 286 11 ArhMl 1150 18 A*tiir 298 1 Brascan 990 -14 Bru-Lamb 1002 -2 Canptc 1188 -24 Cock 138 4 rw Rmn 320 4 W*mm 1006 26 Electtobel S70 140 Gb-Inno-Bm 1996 96 n~m 1300 20 Hobok 2600 86 Petro 5180 10
        94 words
      • Article
        Frankfurt
        214 8 DEC 17 Dm Aef-Telefunken 73 00 Akfo 15 10 Alls Leben 996 00 5 Alls Vers 465 00 -6 BASF 125.20 0.1 Bay H T Wbtnk 214 00 1 Bay V bank Bayer 282.50 100 JOB -05 BBC BMW Cassella Chem Verw Commerzbank ConU Gummi Daimler-Beni Degussa Urmi| Deutsche
        214 words
      • Article
        Amsterdam
        195 8 DEC 17 FU ABN 284.00 4 Ahold 64 80 02 Akzo 1640 0 5 AMEV 92.70 12 Amfas 112.00 unch Amrubnk 56 80 Berfoss 2200 1 46 50 -0.5 Bols 54.50 0.2 Borsumij 199 00 4-2 Burhmann 54 30 0.3 Byenkorf 3850 0.7 Caland 29 80 0 8 Calve
        195 words
      • Article
        Zurich
        182 8 DEC 17 Francs Actions Suisse* Alusuisse Br Alusuisse Ret Brown Boverl Br rrt 1170 447 1485 unch IS 2 4-10 Clba Gelgy Br Clba Gelgy P C Clba Gelcy R*f Credit Suisse Br Credit Suisse Reg 985 785 570 2625 453 5 5 5 15 5 Elektrowatt Br Qeorfe
        182 words
      • Article
        Milan
        100 8 DEC 17 UK Anic Assoc On 8.66 ***** 01 •2400 BastOfl Ontrslf 675 ***** 143 450 nu Finsider Gen Immob in Pn 1761 78.50 7725 3470 -1490 13 M -230 llalcemenu Ilalfms IUlslder ***** 1575 300 710 50 unch Magneti M Pf Marelli Ere Mrdiob Miralanza Mondadori Montedsn 601
        100 words
    • Article
      TORONTO
      179 8 DEC 17 CS AtMUtM M A lean 40 Alfoma 35'. unrti Bank Mont 33 Bank Nova Scolia 34 unch Bell Tel I* Beth Corp BP Can Ltd 35'. Brascan 34 Camp Red Lake 68'- Can Imp Bk 26 Can par 44'.• .i B Canpac In* Pf ir. Carling O'Keefe
      179 words
    • Article
      JOHANNESBURG
      310 8 DEC 17 Rand INDUSTRIALS A Alpha 425 unch Atwrrnm 320 unch AE And CI 850 unch AMIC 2800 Barlows 1056 unch Cf Sugar rfca Currte Finance I 215 unch Dr Beers Ind m Edcon 630 Edgars ***** unch rv*r*«Hy Fed Volk I 470 -10 Fufit 240B Gardian Gtenant I
      310 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      267 8 Where to wine, dine and entertain Get away to Sentosa DQ "Vc *54 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
      267 words
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      Page 8 Advertisements Column 2
      66 8 Mggi For sushi. For teppani'ciki. For other authentically Japanese delights. j Open cion'i 12 ru>(>t] Hp n, h Hi)p in 10 JiOp ifl /•or call 7'A7 Hu A < <y < < iil 11 1-\ I *nrk i« i iiliii■ "~»i i liii i| mmi .^Captijre?^ the "§§<■ Christmas Spirit
      66 words
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      Page 8 Advertisements Column 3
      124 8 See Page 4 for Asian stock* and Page 9 for NYSE prices The Great Family Do-lt-Yburself Barbecue. lillllM. CI AY H )IS iA hisifcHxH «H*imt ill iln" Merlin riii/a. 0® m a nt q9J> r— Q sK 55*. "Mm* SSs An* Martin Plata. Singapore 0719. Tai *****11 Experience Royol Happenings
      124 words
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      Page 8 Advertisements Column 4
      146 8 Inn Of Happiness Now open at the Hilton Dine Cantonese style. Dine 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. IfiM HUON NTCRNATtONAb SMGAPORE
      146 words
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      Page 8 Advertisements Column 5
      274 8 asgood as going to Bangkok. Z*? i* K\ X iv *r fy This is Thai Seafood at its authentic bast. So trash, it could have been alive 15 minutes before coming to your table tt was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen
      274 words
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  • BANKING AND FINANCE
    • Article
      Singapore market
      509 9 HIGHER interest rates on US dollar deposits held outside the country resulted in a comparatively firmer US unit on the foreign exchange market yesterday. Against the Singapore dollar, the US currency started off at 2.1120/30 before sliding to 2.1100/10. But It moved higher in the afternoon when the
      509 words
    • Article
      PLR
      22 9 THE average rate ai which major Singapore banks are currently prepared to lend to their beat customers is 13.8 per cent.
      22 words
    • Article
      LONDON
      392 9 FIRMER US Eurodollar deposit rates yesterday helped the dollar recover about half of Wednesday's losses, although movements were exaggerated in thin trading ahead of the Christmas holidays, dealers said. The US currency opened at 1.9920/40 marks, nearly 1.5 pfennigs above its Wednesday close of 1.9775/ 9806 here, they said.
      392 words
    • Article
      Hongkong
      94 9 CURRENCIES showed little change in late, extremely thin trading yesterday, dealers said. The market opened in line with New York closing levels on Wednesday and barely moved thereafter with seasonal influences cited as a trading depressant. In late trading, the US dollar was quoted at 2.3300/ 15 to sterling,
      94 words
    • Article
      Gold futures close firmer
      359 9 SINGAPORE gold futures yesterday closed generally firmer compared with overnight levels in light trading. Opening quotations were marked up between US$4 to |6 an ounce following the metal's strength in New York. The market later held steady during the morning's trading. Prices gained between $3 to
      359 words
    • Article
      Silver quotes
      41 9 New York 15 70B 1490B 16 OQS 15 206 Zurich 15 40B U.40B 15.806 14.806 <yv_ M WmA Singapore xwv wn 15 SOB 14.80B ***** 15 306 Clostngprk In US doUar* a troy ouno k. Source: Credit Suisse, S'pore
      41 words
    • Article
      TOKYO
      152 9 THE US dollar for overnight delivery yesterday closed firmer at 209.00 yen, compared with a 208.70 opening, 206.70/85 closing in New York and 206.70/90 on the US west coast, dealers said. Trading was quiet with the volume US$76l million. Just before the close, the dollar firmed to the day's
      152 words
    • Article
      ASIAN $ RATES
      177 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Dec 18: US DolUr«<8ao4) Off.r Bid 7 days 215/18 213/16 1 month 23H 23 V. 2 months 22 5/16 22 3/16 3 months 22 21H 6 months 19M 19 V< 9 months 17V. 17H 12 months 1615/1616 13/16 SwJta.
      177 words
    • Article
      Discount
      44 9 RANGE of price* offered by discount bouses on Dec 18: Overnight: 7V4% Call deposits: to 7tt% Closiaf BajiU 8«Uis( 3-month Treasury bills 013/16 611/16 3-month Bank bills 1315/*****3/16 3 months CD 131/16 12 15/16 6 months CD 13 12'* Source: National Discount Co
      44 words
    • Article
      Frankfurt
      37 9 FRANKFURT exchanges opening quotes yesterday: US -1.9870/9900 (2.0000/20) Stg 4.626/636 (4.645/655) Can -1.6418/6506 D F1 91.89/92.12 S Fr —110.06/33 Lit 2.104/09 F FY 43.12/22 NKr 38.29/36 B Fr (con) 6.20/21 B Fr (fin) 6.190/200 Yen 0.9483/9508
      37 words
    • Article
      Oils lead upturn
      1356 9 NEW YORK STOCKS OIL SHARES ON Wednesday led the New York stock market sharply higher in heavy trading while interest rate-sensitive issues firmed on hopes an interest rate peak may be near. Analysts said the oils continued to benefit from investor expectations that the Opec oil price
      1,356 words
    • Article
      Lock icon Hongkong approves banking and insurance bills
      293 9 Reuter AFP THE HONGKONG Legislative Council has approved with amendments the Hongkong Association of Banks Bill, which incorporates a new association to replace the Exchange Banks' Association (EBA). All licensed banks in Hongkong must belong to the association, which will be chaired by the
      Reuter; AFP  -  293 words
    • Article
      Lock icon More Argentine banks on verge of bankruptcy
      805 9 Reuter MORE THAN 20 minor banks and finance houses have been closed down in Argentina since last March. Economic observers expect more to be forced out of business shortly. The rate of closure has risen in the last month as companies could not
      Reuter  -  805 words
    • Article
      New Nomura subsidiary
      237 9 TWO companies of the Nomura group in Japan will pool their resources and establish a new Nomura subsidiary to provide investment management services. To be called Nomura Investment Management Co Ltd, the company will cater for growing overseas investment in Japanese securities, particularly from investors in the
      237 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      35 9 restaurant Oont miss the dining experience of Chinese Hunan Cuisine Business Hours: Daily 11.30 am 2.30 pm 6.30 pm 10.30 pm 214 Dunearn Road OncnTn Inn 1129 H II I Tm xmiis Tel: *****49.*****22 fJ
      35 words
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      Page 9 Advertisements Column 2
      195 9 t YOUR BREATH FOR 60 SEC... and you'li find out how important fresh, clean air is. The trouble is you sektom get it in an aircondltioned building because... till now, the alrconditloning ducts have been inaccessible and impossible to clean. Installed dirty, they get progressively worse and become the ideal
      195 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1506 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Allied Choc (1J0B)
    1,506 words
  • Article
    Unit trusts
    177 10 flNGAFOU UNIT imUOT OUB-MOfiTAGl' (MMtpn* priw tar Dm )»> (MAM|W|' PrfMS tar Dm it> The Commerce 3.11 3JT L'ruoo Spore Fti ind 1.22 1.27 The Sayings Fund 1J8 1* D UNIT taM) LJI S pore Prof Fund 1.31 1.43 Moom (Cam Income Bond BON S pore Sec. Fund
    177 words
  • Article
    SHARE INFORMATION SERVICE
    2748 10 Gr'« Gr'» Net 1980 Last Div Div Y'ld PAE Vol Day High Low Company Sale or- Cvr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 245 Acma 324 15.0 2.8 4.6 123 300 220 Alcom 300 12.0 2.5 4.0 17.0 149 116 Allied Choc 131 ■to 4.0N
    2,748 words
  • Article
    In Kuala Lumpur
    1526 10 BID and offer prices officially listed and htirinrss 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. MMJBWALB AIM (1758 2.835) (1) 131 Alex BaU (1.558) a Ckat (1.345)
    1,526 words
  • Article
    COMPANY BRIEFS
    86 10 INCBCAPE Bhd has announced the voluntary liquidation of wholly-owned dormant subskttares BMR (M) Sdn Bhd, Duncan Roberts (M) Sdn Bhd and Equatron (M) Sdn Bhd. The liquidation of the companies does not affect the overall financial and trading situation of the Inchcape Bhd group. THE substantial rise in
    86 words
  • Article
    COMPANY MEETINGS
    64 10 MALAYAN Tla Dredging (M) Bhd: Fourth AGM to be held at Wisma Bunga Ray a, 152 Jalan Am pang, Kuala Lumpur, on Dec 22 at 10am followed by an EOGM at 10.30am. BAT A (Malayria) Bhd: EOGM to be held at the theatrette, Malaysia Industrial Development and Finance
    64 words
  • Article, Illustration
    Late buying lifts prices higher
    670 10 -BHABE prices flilihei steady at the Singapore stack yesterday altar a lata baylag «part HM prim abeve the afteraaaa Im. Trading was a little erratic. A lively maralag rally was seea pat te past by aa easier aftenssa sesslsa wWd dews prices te everalght levels.
    670 words
  • Article
    Irregular drift in KL market
    606 10 TRADING ruled dull and uncertain as the Kuala Lumpur stock market drifted irregularly to a mixed close yesterday. Investors were generally hesistant and in the absence of any incentives, sentiment remained very cautious. Prices fluctuated from a slightly steadier opening to a mildly easier trend
    606 words
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  • COMPANY NEWS
    • Article
      Pahang Con queried on Sentosa sale
      218 11 BOTH Pahang Consolidated and Sentosa Plywood have been queried on the former's recent disposal of 5.95 million shares, or a 49.12 per cent interest, in Sentosa at $150 per share in the open market. In separate letters, the Kuala Lumpur Stock Exchange has asked
      218 words
    • Article
      Small profits rise at United Malacca
      336 11 DESPITE higher crops, United Malacca Rubber Estates only managed to achieve a slight improvement in interim earnings because of lower palm oil prices and investment income. Estimated group pre-tax profit for the first half-year ended Oct 31 rose marginally by 4 per cent to
      336 words
    • Article
      Guthrie purchase
      55 11 THE UK Trade Department said Guthrie Corporation's £20.5 million purchase of Angus Fire Armour from Dunlop Holdings will not be referred to the monopolies commission. Angus Fire Armour, a maker of fire prevention equipment based in Thame, Oxfordshire, has a historical book value of £16.5 million, a Guthrie-Dunlop
      55 words
    • Article, Illustration
      Lock icon New Year bargains
      539 11 mm™ HOCK LOCK SIEW WITH only six trading sessions, perhaps five (the SES has not decided if Jan 31 should be a holiday), before the year is out, we are unlikely to see substantial changes in the level of the stock market. A slow and steady recovery
      HOCK LOCK SIEW  -  539 words
    • Article, Illustration
      Sutherland to join Kim Eng
      236 11 ONE of Singapore's leading stock analysts, once tipped to be leaving the local broking community, will stay on after all. Sources said that come February next year, Mr Peter Sutherland will head the research department of Kim Eng Securities. Until July this year, he was
      236 words
    • In Hongkong...
      • Article
        Lock icon SHARE SPLIT PROPOSAL
        703 11 Reuter HONGKONG Land C* will change its board lot sizes if a shareholders meeting agrees to a twofor-one share split announced earlier, the Hongkong Stock Exchange said. Effective Feb 2, HK Land's board lots will be raised to 2,000 and 1,000 from 1,000 and 500. it is
        Reuter  -  703 words
    • Article
      Outlook stays bright at Hong Leong Credit
      600 11 THE outlook for Malaysian-based Hong Leong Credit, fortified by the recent injection of lucrative finance and leasing subsidiaries, remains attractive in the current financial year, as demand for both retail financial services and leasing continues to be strong. "Its executive chairman Mr Quek
      600 words
    • Article
      RESULTS DUE
      427 11 Date Last Fall Year Company Petted Announced Net EPS Gross Pre-tax last year (cents) Wv. Profit <%) Pahang Cons F 16/11 1.3 2.5 1,634 PMRI I 20/11 30.4 20.0 5,546 PMC I 20/11 24.2 10.0 8,718 Chin Teck F 22/11 19.8 15.0 2,941* Msian Ctainers I 26/11 24.2
      427 words
    • Article
      LONDON STOCKS
      832 11 LONDON, Thurs. Gold mining shares were marked higher in quiet trading following the gains in the bullion price while other shares were generally steady, dealers said. Among heavyweight gold producers, Amgold, Harties, Randfontein and Western Deep were 100 or 200 cents firmer. Elsewhere, leading industrials showed few changes
      832 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      113 11 Mini Van Mini cost. Maximum Utility! Ft *V. i i K" 5* Ley land does it again! With the Mini Van. It's economical. Reliable. Tough. And versatile. They just don't come any better! •998 c.c. hard-working engine. •Lightweight. Drives like a passenger car. Looks like a passenger car but functions
      113 words
    • Advertisement
      Page 11 Advertisements Column 2
      329 11 CHOOSE RIGHT STOCKS TO PROFIT FROM THE ROBOT REVOLUTION "Human" machines bring world out of the dark ages Invention of the microprocessor has made it possible to Implant feralns in machines so that they perform human functions. Because they work three shifts per day, don't take coffee breaks or vacations,
      329 words
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  • Article
    PAP compares opposition to the earthworms
    477 12  -  THE ROAD TO PARLIAMENT By SALMA KHALIK IT WAS difficult to imaging anything less like a political rally. But then, it was altogether an unusual rally last night at the Cairnhill constituency when the PAP introduced its new candidate Dr Wong Kwei Cheong to
    477 words
  • Article
    Chee Onn attacks empty promises of opposition
    369 12  -  By MARGARET THOMAS OIL was one of the issues but oil and water do not mix. So when a slight drizzle started last night, many in the 200-strong crowd at the PAP rally in Dover Crescent headed for home, leaving the PAP candidate
    369 words
  • Article
    Marcos will retain wide powers
    162 12 PHILIPPINE President Ferdinand Marcos made it clear yesterday that even if he decides to lift his eight-year-old martial law rule next month, he will still retain wide powers. The 63-year-old president said last week that he might be able to lift his emergency rule by
    162 words
  • Article
    Lock icon Fifth tin agreement extended one year
    346 12 Reuter THE CURRENT Fifth International Tin Agreement will be extended next January for one year until June 30 1962, following US reservations about a compromise package on stocking and export control measures under a new agreement, informed sources said. They said new talks on
    Reuter  -  346 words
  • Article
    Lock icon Hongkong-Taiwan smuggling ring
    144 12 AP A GROWING number of Taiwanese fishermen has been trading with their Chinese counterparts at sea through the arrangements of Hongkong smugglers, a Taiwan security organisation reported yesterday. Several Hongkong smuggler groups have been supplying Taiwan fishermen with black market products for trading and providing them with
    AP  -  144 words
  • Article
    Lock icon Petronas will study Malaysian oil price
    199 12 AFP PETRONAS' crude oil prices will have to be reexamined in the light of the Opec nation's decision to increase its crude oil prices. Mr Rastam Hadi, managing director of the national oil corporation, said in Kuala Lumpur yesterday that he expected this to
    AFP  -  199 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      210 12 FINE CHINESE ANTIQUES WORKS OF ART* KWOK GALLERY Pte. Ltd. 101-103, FRST FLOOR, FAR EAST SHOPPING CENTRE ORCHARD ROAD. TEL: *****16 SHOP 1, GROUND FLOOR MARCO POLO HOTEL TANGLM ROAD TIL: *****58 THREE'GENERATIONS OF PROVEN DEPENDABILITY SINCE 191S SUN HUNG KAI SECURITIES (PTE) LIMITED We are pleased to announce the
      210 words
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      Page 12 Advertisements Column 2
      231 12 LONDON stock market report and prices are on page 11. It's just good business to say hello to the fastest way to the U.S. A. Every morning at 7.15, Pan Am's Flight 6 leaves Singapore on the fastest and only one-stop hop to San Francisco via Hong Kong. And thereon,
      231 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      61 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Cloudy with occasional rain. Report for 24 hours prior to 7.31 p.m. on December 18 at the airport. Maximum temperature 26.2 Associated humidity 89 Minimum temperature .23.0 Associated humidity 99 Hours of sunshine Nil Rainfall in millimetres 16.5 Total rainfall
      61 words
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  • SHIPPING TIMES
    • Article
      Lock icon Opium found in Panamanian cargo vessel
      316 13 AP PHILIPPINE authorities have seized a Panamaregistered cargo ship in the central Philippines after customs agents found a still undetermined amount of raw opium allegedly concealed in pingpong balls aboard the vessel. A customs spokesman said the ship's captain, identified as Julius Fulu, and
      AP  -  316 words
    • Article, Illustration
      Europa makes final voyage to Singapore
      523 13  -  By LINDA CHEE HAPAG-LLOYD'S luxury cruise ship, Europa makes her last voyage to Singapore this month after 27 illustrious years of service under the West German line. The 21,000 gross registered ton vessel, which has been sold to Italian interests for an undisclosed sum,
      523 words
    • PORTSIDES
      • Article
        Lock icon Syrian ship agency
        89 13 Reuter SYRIA officially announced it has established a state-owned company to handle all the activities of shipping agencies now operating in Syrian ports. The statement said the new company will be known as Shipco, and will handle all shipping agency work from Jan 1, 1981. Syrian Premier
        Reuter  -  89 words
      • Article
        Lock icon LNG carriers
        119 13 Reuter DOME Petroleum Ltd said it plans to build a $250 million shipyard capable of producing large liquified natural gas carriers and other vessels. Dome's president William Richards told a Vancouver Rotary Club meeting the facility will likely be built on the west coast of Canada and will
        Reuter  -  119 words
      • Article
        Lock icon Loans for Chinese liner
        83 13 Reuter THE BRITISH Export Credits Guarantee Department (ECGD) said it guaranteed the repayment and funding of two loans totalling US$lB million to the Bank of China. These are the first buyer credit guarantees to China backed by the ECGD. The loans have been made available by
        Reuter  -  83 words
    • Article
      INDEX TO ADVERTISERS
      653 13 SMpptag Uh PM® C4 Skipping Use PMC CM Adriatic Aim IV VI 5 a Flower Line Fortune vn VI 4 s Afro-Eurasia VI a Franco-Be lg m 4/5 a 4 Ail trans Aipar VI VI s s Frata NVOC Freight IV vn Angkutan Anhsing VI vn 4
      653 words
    • Article
      Container Schedules
      897 14 RECEIVING of export fcl containers AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping Gdn Mode of Name No. Time of Lines Operatn Arrival Date Time Mare tan la 832 20.12.80 1500 Ned-EAC 49 TT Planeta 1 20.12.80 0700 Borneo 50 VC Family Ace 2 20.12.80 0700
      897 words
    • Article
      LONDON FREIGHTS
      1485 14 FRESH Chinese interest was shown in the time-charter sector of the freight market on Wednesday with a 16,000 tonner booked from west coast Mexico to China at US$7,150 daily, and a 15,000 tonner secured from Gibraltar to China at $6,800 daily. An Ethiopian charterer fixed a 24,000 tonner
      1,485 words
    • Article
      SHIPS IN PORT
      463 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Car Liner No. 1 (RO/RO) (1600 after Barber Tonsberg) 47 Europa (Passenger) (0600) 1/2 Jenson (after Builder II) 22 Kostrena (after Mia) 6/7 Lakshmi I (Tanker) (1700 P/O subject gas free) 15/16 Ming Shine (1100 after Barber Tonsberg sails) 46 Mah Kim
      463 words
    • Article
      Lock icon Venus springs a leak
      213 15 Reuter THE 1,996-ton South Korean freighter Venus, which was involved in a collision with a Bangladesh freighter off the south-western Japanese city of Kitakyushu on Wednesday, leaked a small amount of oil. A Japanese Coast Guard spokesman said patrol boats had managed to prevent the oil
      Reuter  -  213 words
    • Article
      Lock icon Fall in orders for Japan
      105 15 Reuter FOREIGN ORDERS for ships won by Japanese yards in November fell to 14 vessels from 22 in October, but the tonnage rose to 440,000 gross tons from 376,960, the Japan Ship Exporters Association said. This compared with 19 vessels totalling 246,370 tons a year
      Reuter  -  105 words
    • Article, Illustration
      Worldwide SAR can help reduce ship losses
      1047 15 THIRTY years ago total losses of merchant ship 6 stood at 220 or 244,000grt, but by 1979 the number of ships had doubled and the tonnage increased eightfold. Obviously, this is an appalling increase and there is no guarantee that it can be
      1,047 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1256 19 SCHEDULE 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
      1,256 words
    • Article
      Lock icon Shipping conferences to cut CAF from Dec 22
      144 20 Reuter THE CONFERENCE covering trade between Europe and India/Pakistan/Bangladesh will cut its currency adjustment factor (CAF) to 34.50 per cent from 38 per cent. The reduction applies to all Continent eastbound vessels commencing to load at individual ports from Dec 22. The
      Reuter  -  144 words
    • Article
      ORIENT EXCHANGE
      930 20 DOMESTIC rates for the Philippines, Indonesia and Malaysia are very strong. All shipping sectors including affreighment contracts, time-charter, sale and purchase, scrap sales and tows in South-east Asia are active and healthy. Handysized vessels are still very much sought after. However, both shipowners and charterers are puzzled over
      930 words
    • Article
      Seatrain may face two US law suits
      504 20 FINANCIALLY-troubled US shipping group, Seatrain Lines faces two potential multi-million dollar law suits from two American companies. The first filed by American Petrofina is a US$45 million potential anti-trust suit against Seatrain and six affiliated companies, alleging conspiracy to restrain trade and injure
      504 words
    • Article
      Lock icon Poland calls for experts to fight oil rig fire
      265 20 UPI FIREFIGHTERS have called in Soviet and Hungarian experts to help battle a gas and oil fire that has been burning for more than a week at a drilling rig northwest of Warsaw, the Polish News Agency reported. Two workers were
      UPI  -  265 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      512 13 Scan Dutch *9 Fast and Regular Service To/From N.C./SCAN/W.MED./U.K. Singapore Tel Port Keiang Tel *****1 Kuala.Lumpur Tel ***** Penang Tel *****6 <sp» .1 RI) 1\ I A MAN Orient Overseas Co*dci*teA Line s'p** 3 N I 23/12 KOKJM CHANCE IN ocvur r*u. am KOREAN IACEJM HI T.N. BUS 4N cmma
      512 words
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      Page 13 Advertisements Column 2
      302 13 USEALORDII UASC 1 UNITED ARAB SHIPPING CO (SAG) ARABIAN GULF EXPRESS MULTI-PURPOSE SERVICES Loading for Mma Qaboos (7/1). Shunt* (11/1). Kuwait (13/1). Damman (20/1). Doha (24/1), Dubai (27/1). Abu Dhabi (29/1). Mina Al Fahal (1/2) Acceptm cofltamers/brtaklmHi Mina Qaboos (14/1), Jubarf (16/1). Kuwait (20/1). Damman (26/1). Duba. (30/1) Abudhab. (1/2)
      302 words
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      Page 13 Advertisements Column 3
      0 13 ,|/@_|)?])'_<,)"'[\$&,*,~]\%/`*
      0 words
    • Advertisement
      Page 13 Advertisements Column 4
      534 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****1 Port Ketang Tel *****1. Kuala Lumpur Tel ***** Penang Tel *****6 MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS Penauig SAJLED 20-21/12 27-21/12 3-«/ l 10-11/1 17-11/1 24-25/1 31-1/2
      534 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      810 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 0449, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE i I I iilL. Car MM ACCfptWf rff! 1) Barcelona. Genoa. 2) Amsterdam. Antwerp. I.Havre. Bdbao. Basle. UK. 3) Bremen. Bremenhaven. Aartws. Copenhagen.
      810 words
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      Page 14 Advertisements Column 2
      344 14 BBS SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA*US ATLANTIC GULF AND E. CANADA nUN Ma IriTOK I CM Mm SiM CMi Bui N Y«t U*m »Mb H Ort IMn MrtM IManW *27/12 M/l 31/1 6/2 6/2 J/2 11/2 16/2 16/2 23/2 ran 3/1 9/1 12/1 25/2 3/3 6/3 7/3 9/3 11/3
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      506 15 *****32 hammer protrudes through clock case to strike bell 035 1514 an exclusive gift with brass engraving plate M It! PRIVATE LIMITED G7O, 73,74, Lucky Plaza, Orchard Road, Singapore 0923. Tel: *****08,*****70 COWTWOSHP SERVICE TO W/CONTIOT: CONTANOSHr SOVICt FROM W/CONTMNT: SMGAPORE: MANSfED CONTAIER SWPMG PTE LTD 43M61 K. LUMPUR: CONTAIO
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      Page 15 Advertisements Column 2
      258 15 I E Franco Belgian Services {h'iT Flint Frc.ich lit ;ian t <ir Etis't rr. I.xnt• a t cgn^OS' c.m.c.r. Seatraln Pacific Services SINGAPORE ENQUIRIES *****44 CFS *****41 Tfrmin«' *****J6 Optorg Shipping Pte. Ltd. Kuala Lumpur *****3 Port fcelang 7001 Petalmg Jay a *****3 P*nang 6324S EL M A EMPRESA LINEAS
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      575 16 n Hapag-Lloyd liM'. 1111 3 Fert ftm Otpa* LnrerpaM Bay llw*»l Upun KangaMara Ljrp Bay KtatMi Bay !I -H 3 Qmb 0» BWi S'pore PK Pwi Brfbao Genoa Wburg B'haven Rdam Antwerp 24/12 26/12 29/12 19/1 4/2 2/2 30/1 28/1 U/l 16/1 16/2 9/2 25/2 23/2 21/2 19/2 23/1 25/1
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      Page 16 Advertisements Column 2
      414 16 LIME KOREA °£ff cnan Algerian National I. me SPECIALISTS DEAL WITH SPECIALISTS STORE +BECHAR (1978) SaM PXLANG LOADMG FOR SaM TMrii/Pt St. Lerfs/Valenda/ BOURA (1978) 23/25 Dae 27/21 Oac Tieis/Pt. St La*/V*ada/ Alger EAST BOUC HDITERRANEAH AND JAPAN SERWCE BISKRA (1979) 15 lan BEL ABBES (1979) 15 Fab 14 Jan
      414 words
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      Page 16 Advertisements Column 3
      548 16 EVERGREEN LINE fAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTMG CARGO FOR: HAMBURG. FELKSTOWE. ROTTERDAM. ANTWERP Lf HAVRE ALSO ACCEPTMG CARGO FOR: UNCTEO WWGOOM SOUTHAMPTON. LONOON. MANCHESTER. BMMNGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY HOLLAND EUROPE EAR EAST EXPRESS EUll CONTAINER SERVICE **ta|Oufta rmm U* 21/12 25/12 31/12 31/12 3/1
      548 words
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      Page 16 Advertisements Column 4
      536 16 Everett Lines B«n» Fhrt Star SkiffMfl Ctrpn. 'BURMESE NATIONAL LINE LOADMG FOR RANGOON S]pn fM"I MIU/aOK 21/23 »k ntv bk 27in Ok a/310* 1/1 M Aoanw n Makiyvo BOOSTEAD SHPWNG SCa r M SO THOMASfKIFTT y m iW Everett Steamship Corpn.S/A Mitsui O.S.K. Lines CONVENTIONAL EAST AFRICA SERVICE Fan 21
      536 words
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      Page 16 Advertisements Column 5
      688 16 r~^XO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD. O SANKYO LINE AUSTRALIA SERVICE anipw P. Keiang Mr: 6/1 ten 9/10 tax STO, MEL ADO. JAPAN/STRAITS SERVICE Stetapm P. Aatang Para tePort 27-29/12 21-31/12 M/l 24/1 11-12/1 13-15/1 12-14/1 GOLDEN BELL In Port WESTERN RHER gayatka 22-24/12 OASB DUKE 24-24/12 IN SMANG 25-27/12
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      613 17 PIL GROUP EAST AFRICA/REDSEA SERVICE A KOTASEJARAH 25/30 Dac KOTA BUANA. KOTARUKUN. KOTA RAJA..... COLOMBO/KARACHI/P. GULF SERVICE r.wi Trial uwait, Karachi KOTA WAR 23/30 Dac Karachi, Dubai Kuwait 10/15 Jan Colombo, Karachi, SINGAPORE/CHITTAGONG/RANGOON/SER VICES Singapore 5/10 Jan 25/30 Doc lnPt/20 Doc Loading For Chittagong, Madras Rangoon Rangoon SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES
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      Page 17 Advertisements Column 2
      981 17 Uea*aMßay Raaap Ihra l*p»ay Ipatoaa Bar BEN LINE CONTAINERS ones contmo service to/from eumtc trauK 8 h*«n roam mm. soton Spore P Keton|W Germany AastnaAatwrp France MUK 2/K 11/1 x 7/1 a/12 a/u a/i 22/1 21/1 a/i ivi J£ 8/1 w* 1 0/1 JS2 JVJ V 2 V 2 V
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      Page 17 Advertisements Column 3
      732 17 Scan Dutch? WEEKLY EXPRESS CONTAINER SERVICE TO MEPAJK/NC/SCAN «D HOW SH BPOMCA kn B ONU 21/17 I KMC* 2/1 I (MM* 11/1 l)Vae4to2)R-daa 3)tfb«r|4>G'b*f I 7/1 m 14/1 a/i a/i U/1 12/1 11/1 IS/1 a/i 77/ i 2/2 J/2 15/1 a/i a/i a/i 5/2 Baaa* l)«V»j:)lfW| ])riaa 4>R'daa S)UN flfah
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      Page 17 Advertisements Column 4
      561 17 mm BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNON t SOUTH AFRICA SHIRRABANK SINGAPORE 13/1 •*o Reunion 22/1 Durban 30/ j Capetown 2/2 Pt Eliz 5/2 (also accepting East London and Maputo carjo) Lukes/ 4 Linos U.S. WEST COAST SERVICE tor Otod from SfO Ibc* SPORE Site Tac VBC NAACY LYKES
      561 words
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      876 18 K LINE KAWASAKI KISEN KAISHA, LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA Carfoot rto acc**atta tm IWM. Imm Nrtta* Hmmtm. Gafctftan, mm w«an Mm. SL Mm. PlfclrtHo. IMA BißMmi. Satam* Mm*. TO EUROPE fport P. Kctanf l Ha*r« RMam H'burt Bremen A wef» IiMT 3D K OMNCX IN C.PMR.2SN TV
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      Page 18 Advertisements Column 2
      409 18 cftumw/Mcnc mti wist service EXPRESS COKTAMER/REEFER SERVICE Lm*| tar LOS —fin, SM FtANCSCO, JUTTU, TACORM. VRMCOMH. B.C AccopMt fOJT* tmUmn P Um| Support L Aepoto »W tec 1 Im Vim MSTMLU EXPRESS COKTAMER SERVICE Accept* FCL/TCL CeabMon 'W"l S'por» Bn IMb AM S* 13 Mi 14 Mi 25 Mi 28
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      Page 18 Advertisements Column 3
      442 18 ■3 > ■'< >1 I> SINGAPORE SHIPPING AGENCIES PIE. LTD 70 7 H LHO R OCEAN BUILDl" MARKETING iJUNES T-J t i\( s Sl\ ,Al' .FMRAt TERMINAL OfFICt *****H3 TEItX KS?4b% RS ?SbbB A B CAHSMIP TAHIf CARIiOSMI' r. l'e«|ional Lonl;iin<>r Lilies WEEKLY CONTAINER SERVICE to/trom BANGKOK time**) BANGKOK (Sw)
      442 words
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      Page 18 Advertisements Column 4
      569 18 KORINS MARITIME SERVICES Cinq, r'on v\>av PTE t m Singapore T e< MIDDLE LAST/RED SEA/EUROPE SERVICES jT~ ICk Ll\tS rr>fT>tw o* tt>f GTJup ot Co^JW^S LINER SERVICE FROM KOREA/TAIWAN' HONG KONG TO SINGAPORE Mm tmm' HJU* S'p« SMHCXVJ2 SPac 110k 17 OK »/»Ok Hyundai' inter prise 0., I ni. V
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      Page 18 Advertisements Column 5
      593 18 f INTR ASEA (PTE) LTD. Pa&ef House 234E Orcha r d SoacJ Si"Q3C<ot 9 Telephone 2 v' 2 *****? s>are p. KMng f«Mi 240K 27 DM Leadbig tar BOULOGNE It DAM UK (WOW) s Agents:lWH- VTTRASU (TIE) 110 2362*11 BOOK* *****57 ll.lMpv- YEO SHPPMG ft TRAOMG *****4, 4M742, 48K7S NM
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      Page 19 Advertisements Column 1
      555 19 TO EUROPE/UK (VIA SUEZ): It. GARNET 3W+. K. CHANCE IN C. PAU. 25N. TW BRDGE 4W C. ROZE 23W K. JACEWON 11W. MERCATOR 21W... Also accepting cargo to/from Scandinavia +N. GARNET S'pore Closing Times: FCL Cargo LCL Cargo FltoM EUROPE (VIA SUEZ): 1200 23/12 2359 22/12 C. ROZE 22E K.
      555 words
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      Page 19 Advertisements Column 2
      330 19 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT SIZPTSAD ALEXANDRIA AGM MARMA Dec 23 lan S Jan I lan 13 SPHMX U lan 15 Fab 1 Feb 4 Feb Carfo Bookings Please Phone *****43 MAR TRANS CARGO PLEASE CONTACT SCHENKER SINGAPORE SIfHiAPORt
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      Page 19 Advertisements Column 3
      393 19 T A OCEAN LINES REGULAR NON CONFERENCE SERVICES MEDITERRANEAN SEA SERVICE Spore PMa rig Penang Loading tor OCEAN DIAMOND viom UMQUE NMNER V.SNB 15 Jar do OWNED VESSELS SAGASIA PTE LTD. (lOUtt OREVFUS GROUP OF COMPANIES) id 2mm is Lm) rati us twm stsos r UUK PSD SHTPfC; SON M>
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      Page 19 Advertisements Column 4
      330 19 NOTICE M.V. "81N CAJVNA" V-l Arrived IJU Deemter, 1M u JirMg Part. Consignees of all damaged cargoes ex the above captioned vessel are notified that the General Survey will be held on Monday. 29th December, 1980 at Jurong Port Godown No. 1 from 10.00 am to 3.00 pm. No further
      330 words
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      Page 20 Advertisements Column 1
      282 20 MALDIVE LINES ETA KUANTAN ETA PORT KELANG MALDIVE MAGE Loading For Jeddah Dfibouti MALDIVE LOYALTY Loading for Hodetdah MALDIVE SEAFARER Loading for jeddah MALDIVE PIONEER Loading For Jeddah FOR BOOKMGS t ENQUWES PLEASE CONTACT: SW6APORE PORT KELANG PANOCEAN NAVIGATION TRADMG ORfNTAL SHPPWG CORPORATION *CO (PTE) LTD TEL: Hi. *****6/4*7544 1106
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      Page 20 Advertisements Column 2
      362 20 WEEKLY SERVICE TO MALE GLOBE LINE LTD Weekly Service to Male, Maldive Islands via Colombo SPORE COLOMBO MALE ETD ETA ETD ETA obe*. 5 23/12 29/12 2/l/-81ms "SUNE S." v. 5 5/1-81 Globe v. 5 Globe v. 6 Globe v. 7 Globe v. 8 Globe v. 9 4/1 9/1 13/1
      362 words
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      Page 20 Advertisements Column 3
      227 20 NOTAS LINE f^ Regular Express A TO MIDDLE EAST H y POUTS SPO« P KLANG PINANG (ONAM SKY Dubai, Bahrain In Port Dammam A VESSEL Abu Dhabi. Dubai. Bahrain, Dammam 5/1/11 11/1/11 12/1/11 SW)«( NGTAS Pit ITO 1(1 4i,nn, THUS M'f P« MAHMOOC AMBAP SONS SON BK HI Til Mi
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      Page 20 Advertisements Column 4
      353 20 A ANTOLL LINES D»ect B'L» to Adelaide Metxwiw Sydne» Bmbjne Independent FCL Contaner/Coventwnal Timber liner Service Port Keianj Ok 31 lan 10 Feb 3 Feb 15 IMb ((Mont) lan 12 Jan 25 Feb It Mar 2 Sydney Jan 16 Jan 29 Feb 24 Mar 6 ■f Cafe Brisbane Drect Jan
      353 words
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      Page 20 Advertisements Column 5
      228 20 A PERKAPALAN LAUTAN BIRU SDN. BHD. > m PERKAPALAN LAUTAN BIRU SDN. BHD. P O Box 220. Kota kmabalu Satnh REGULAR UNER SERVO Sabati Sarawak Bangkok Singapore Poo Krtang Vessels S'pore Penang PKlang Loading for LAUTAN RAM V4/S0 In Port KK/Sandakan LAUTAN UMA 22 Dec KK/Sandakan LAUTAN RAN V-9/80 8
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      168 20 V V. Va r j 2 w t* Si c ..y wim Wind direction with speed in knots SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots V a. Wave height Goody Sky Surface winds are
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