The Business Times, 25 February 1981

Microfilm: NL10904
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 WEDNESDAY, FEBRUARY 25, 1981 60 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lee on leave
      33 1 PRIME Minister Lee Kuan Yew will be on leave from today until March 1, the Government said yesterday. Dr Goh Keng Swee, First Deputy Prime Minister, will act as Premier.
      33 words
    • Article
      Lock icon No to appeal
      62 1 Reuter THE goverment has rejected a Soviet appeal to members of the Association of South-east Asian Nations to back recent proposals by Indochinese states for a regional peace conference. A Foreign Ministry spokesman said that the appeal, contained in a note from the Soviet embassy on Monday,
      Reuter  -  62 words
    • Article
      Lock icon Seabed dispute
      83 1 Reuter JAKARTA, Tues. Vietnam and Indonesia are inching towards agreement on their long-standing dispute over seabed boundaries in potential oilbearing areas of the South China Sea, and officials will meet here in May to try to resolve the problem, Foreign Minister Mochtar Kusumaatmadja said today. "I think our
      Reuter  -  83 words
    • Article
      Lock icon PLO orders full alert
      70 1 AP BEIRUT, Tues. Palestine Liberation Organisation chairman Yasser Arafat has ordered all guerilla forces in Lebanon on full alert following an Israeli raid that killed six PLO guerillas and three Lebanese Christians, PLO sources here said. The Lebanese victims were a man, his brother and his
      AP  -  70 words
    • Article
      Lock icon South Africa undeterred
      61 1 AFP CAPE TOWN, Tues. Soviet threats will not prevent South Africa from attacking bases of the banned African National Congress in neighbouring Mozambique, Prime Minister Pieter Botha said. Mr Botha was commenting on a decision by Moscow to increase its military strength in the Indian Ocean and
      AFP  -  61 words
    • Article
      Lock icon Guards giving up
      63 1 Reuter MADRID, Tues. The occupation of the Spanish parliament by civil guards appeared to be ending today with some parliamentarians leaving the building. Eleven of the civil guards had surrendered to military police. A Spanish radio station said guard leader Lieutenant Colonel Antonio Tejero Molino had given
      Reuter  -  63 words
    • Article
      Lock icon Yen bonds
      62 1 Reuter JAKARTA, Tues. The Indonesian government will shortly float 10 billion yen in bonds on the Tokyo stock exchange. Director-general for Foreign Monetary Affairs at the Finance Ministry, Sugito, said technical preparation for the issue of the bonds was under way. This will be the second time Indonesia
      Reuter  -  62 words
  • Chief Price Changes
    • Article
      SINGAPORE
      128 1 Rises Indices PMC O U E Hong Leong Ind Peril* Plant Magnum Corpn SEAL Tan Cbong Sealion DBS B Raya H Leong Credit 1390 1190 990 1000 1180 790 830 610 846 805 765 130 90 90 80 70 70 70 65 80 55 55 B.T.Indicator: Industrials: Finance: Hotels:
      128 words
    • Article, Illustration
      KUALA LUMPUR
      142 1 Rises Indices PMC Sea View 1500 1250 140 130 B.T.Index: Industrials: Feb 23 Feb 24 *****1.*****719.50 986.87 1004 99 C Sugars 1070 120 Finance: 1483.70 1514.30 526.89 544.93 Hong Leong 875 75 Hotels: B Raya 895 75 Properties: 903.22 928 00 Hong Leong Ind 1070 70 Tins: 497.15
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  • Article
    Whopping cost of maisonettes
    676 1  -  $5,000 PER SQUARE METRE By AGNES WEE AT A WHOPPING $5,000 per square metre, maisonettes at Vermont, a proposed 0.4-hectare development site near Newton Circus, will rank among the more expensive of this class of residential units. Local developer Lam San Properties is developing the site
    676 words
  • Article
    Lock icon Outlook for US prime rate
    289 1 Reuter PRIME rate in the US will fall to between 12 and 14 per cent in the next two months, said the economic adviser to the US Office of Management and Budget, John Rutledge. Mr Rutledge, answering questions after addressing the US Chamber of Commerce
    Reuter  -  289 words
  • Article
    More obstacles for Khoo Kay Peng
    516 1  -  By CATHERINE ONG MALAYSIAN tycoon Khoo Kay Peng may face more obstacles in his move to gain control of two of Singapore's more established hotels. It is not just the Singapore Government that is opposing the share swap scheme by Mr Khoo's flagship company,
    516 words
  • Article
    PCS looks for feedstocks
    357 1 THE $2 billion Sumitomo petrochemical complex which is scheduled to start operation by the end of next year is finding it difficult to secure supply of feedstocks. With less than a year-and-a-half before the complex on Ayer Merbau is due for operation, Petrochemical Corporation of Singapore
    357 words
  • Article
    Singapore chosen as Visa's regional centre
    265 1 VISA International has chosen Singapore as its centre for the Asia-Pacific region because office cost and the coat of living in the RepnhUc Is lower than in Hongkong. The decision to ise Singapore as a springboard was made by Visa's board at a recent
    265 words
  • Article
    Foreign buying fuels stock market
    471 1  -  By MANO SABNANI THE return of foreign institutional buying was the most important factor accounting for the local stock market's dramatic rise to a record height on considerably higher turnover yesterday. The foreigners were back after taking a twoweek breather, according to brokers. But local
    471 words
  • Page 1 Advertisements
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  • REGIONAL
    • Article
      Shell spending $1.3b on development
      711 2 SHELL upstream companies will spend $1.3 billion on oil and gas development in Sabah and Sarawak this year. This will be the largest amount to be spent in a year since 1977 when production sharing agreements for oil and gas were introduced. In Sabah, where
      711 words
    • Article
      Lock icon Gloomy prospects for Asia-Pacific exports
      549 2 Reuter THE OUTLOOK this year for export growth from the developing countries of Asia and the Pacific is gloomy, according to a United Nations report. The survey, prepared by the UN Economic and Social Commission for Asia and the Pacific (Escap), will be discussed at
      Reuter  -  549 words
    • Article
      Lock icon Shutters are still up in 500 Hongkong factories
      294 2 AFP ABOUT ill factories in Hongkong have not reopened sine* they were closed for the Chinese New Year holidays earlier this month. As a res sit «boat 25, tM workers are eat of Jobs bat it is not known whether the closures
      AFP  -  294 words
    • Article
      Lock icon Beijing pins hopes on austerity programme
      608 2 UPI CHINA has pinned hopes of t slowing inflation, currently i threatening the path to t modernisation, on an eco- I nomic austerity package 1 that cuts spending and i freezes prices. j Essential to modernisation, as proposed by Deng I Xiaoping, has been
      UPI  -  608 words
    • Article
      Lock icon Move to ease inflation likely in HK budget
      433 2 Reuter INFLATION and the rate of growth in money supply and bank lending are the prime considerations for Hongkong's Financial Secretary Philip Haddon-Cave, who unveils his budget today. But while economists consider there is a good chance he will take some action
      Reuter  -  433 words
    • Article
      Lock icon Japan ready to discuss contract cancellations
      347 2 Reuter JAPAN is prepared for long negotiations over China's decision to suspend the building of some steel mills and petrochemical complexes valued at 300,000 million yen, Japanese government and trade sources said yesterday. Liu Xinghua, deputy general manager of the National Technical Import Corporation,
      Reuter  -  347 words
    • THE REGION IN BRIEF
      • Article
        Lock icon LOANS FOR CHINA
        315 2 Agencies CHINA and Belgium have signed an agreement giving Beijing 900 million Belgian francs in loans this year. The interest-free loans are for China to buy capital goods and industrial equipment from Belgium. A PATENT law ud patent agency twine spsnsared by the China Canned far the
        Agencies  -  315 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      789 2 ARRIVALS Service Local Operator Number Time From PAA PA005 0030 JFK SPO HKG MAS MH601 0630 KUL SIA SQ580 0710 MAA SLA SQ101 0815 KUL MAS MHG05 0630 KUL MAS MH621 0835 PEN RBA BI421 0930 BWN MAS MH671 0930 PEN KUL SIA SQ2I1 1000 HLP CPA
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      117 2 The Hilton k o <*&►<=>, Plasboase and British Airways present c c STARRING DEREK NIMMO m m >v BARBARA MURRAY GEOFF REY PALMER HELEN GILL It's the Hilton's first 1981 Dinner Theatre presentation. A riotous farce hailed by West End critics... "I laughed until my eyes were blinded with tears"
      117 words
    • Advertisement
      Page 2 Advertisements Column 2
      67 2 Cafe Bar Requires no plumbing Compact Model makes 120 cups Serve hot drinks continuously Uses instant material available in all supermarkets Ask for a Free Demonstration without Obligation today! Ya rr, n n n k. u r Cafe Bar the drink dispenser that never closes! For Sales Services please contact:
      67 words
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  • OVERSEAS
    • Article
      Lock icon More British workers vote to strike
      277 3 AP WATER and sewerage workers in north-east England have voted to strike for more pay from midnight today, and 530,000 white collar civil servants have announced a one-day walkout on March 9. The moves underlined the Conservative government's fears of greater militancy by workers
      AP  -  277 words
    • Article
      Lock icon Secret talks on Polish request
      238 3 AP POLAND'S major creditors from the Western countries and Japan met in Paris secretly to consider a Polish request for more credit and rescheduling of the country's US$25 billion debt. Western diplomatic sources said the talks were so hushed that officials of the nations involved
      AP  -  238 words
    • Article
      Lock icon Kremlin promises to ease shortages
      553 3 Reuter THE Kremlin has called for greater efficiency to revive the Soviet economy and promised that it would do its best to ease shortages of meat and consumer goods. A report to the communist party congress, read in the name of Soviet leader Leonid Brezhnev,
      Reuter  -  553 words
    • Article
      Lock icon EEC in a jam over butter
      404 3 Reuter FARM ministers of the European Economic Community made a new attempt yesterday to break their deadlock over the import of New Zealand butter, conscious that failure to do so would embroil the issue in a lengthy wrangle over farm prices. Britain, supported by
      Reuter  -  404 words
    • Article
      Lock icon Abortive right-wing coup by Spanish civil militia
      272 3 UPI A FANATICAL right-wing army colonel commanding 200 civil guardsmen held 350 deputies hostage in the Spanish parliament yesterday after a second military rebellion in eastern Spain appeared to collapse. Troops loyal to King Juan Carlos, who made a brief television appearance to
      UPI  -  272 words
    • Article
      Lock icon US shows interest in Brezhnev proposal
      584 3 NYT THE US "views with interest" the proposal by Soviet leader Leonid Brezhnev for "an active dialogue," including a meeting with President Reagan. Mr Reagan would discuss the matter with his advisers and with US allies before making a response. Nevertheless, the initial reaction,
      NYT  -  584 words
    • WORLD IN BRIEF
      • Article
        Lock icon EEC JOBLESS RATE UP
        419 3 Agencies UNEMPLOYMENT in the European Economic Community increased by half a million last month, bringing the number of unemployed to 8.4 million or 7.7 per cent of the population. Since January, 1980, unemployment has gone up by 1.8 million. The situation was most serious in Britain,
        Agencies  -  419 words
    • Article
      Lock icon Austerity budget for Israel
      127 3 Reuter ISRAELI finance minister Yoram Aridor has presented the Knesset (parliament) an, austerity budget for 1981-82' with the aim of curbing treble figure inflation. Ezra Sedan, directorgeneral of the finance ministry, said that inflation would fall from its present annual rate of 134 per cent to
      Reuter  -  127 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      107 3 THOSE WHO KNOW DRIVE K, IT I J I' the MAZDA 929Legjto A new dimension to prestige motoring... affordable luxury. Superbly appointed, magnificently finished, a prized possession amongst fine cars. .r if.-i r~ r wM «nt we opan V T. know Mazda better 656 im-f T;;\ Tet *****6'KGEE ANN BLOO.TeI
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  • RAW MATERIALS
    • Article
      Lock icon Jakarta's export plans for rubber
      219 4 Reuter INDONESIA hopes to produce finished rubber products for export as well as for domestic consumption, head of Indonesia's National Agency for Export Development, Mr Sutadi said. Mr Sutadi told an AseanEEC rubber seminar which opened in Jakarta on Monday that not more than 5
      Reuter  -  219 words
    • Article
      SOYBEAN
      158 4 SOYBEAN futures in Chicago on Monday pared losses to close ll l cents a bushel lower in old crop, to down 5 'A cents in new crop. Steady local long liquidation in reaction to widespread weekend precipitation in major US bean crop areas pressured values from the start. The
      158 words
    • Article
      WHEAT
      174 4 WHEAT futures in Chicago on Monday closed up two cents a bushel in nearbys to down three cents in deferreds. Prices settled at or near the top of a 12 cent range. Late aggressive shortcovering by the Professional *house, estimated at 1.7 million bushels of May and 1.0 million
      174 words
    • Article
      RUBBER
      231 4 THE Singapore market yesterday closed slightly lower with March One RSS buyers quoted at 272.50 cents per kilo, down one cent from Monday's close, dealers said. Morning prices were marked down slightly on lack of buying interest and speculative selling, they said. Afternoon prices were easier and fell further
      231 words
    • Article
      RAS PRICES
      304 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 270.50 271.50N Int. 1 R.S.S. March 272.50 273.00 Int. 1 R.S.S. April 276.50 277.00 Int. 2 R.S.S. 254.50 255 50N UK/Cont 253 50 254.50N Int. 3 R.S.S. 251.50 252.50N UK/Cont 250.50
      304 words
    • Article
      SSR and SMR
      120 4 NOON SSR it id SMR 1 1 RAS SSR 20 SSR SO (1-tOf (1-tOf i pellet 1 i pallet 1 March (Correal Mth) Bayer* Sailer* £43.00 *****6 239 00 241.00N April (Forward Mth) Bayers Sellers 245 00 247 00N 241.00 243.00N MRZLB SMRCV SMRL SMR 5 SMR
      120 words
    • Article
      Straits Tin
      71 4 THE STRAITS tin price in Penang yesterday rose 25 cents to M 531.25 a kilo, still within the International Tin Agreement's middle range price of $39.01 to $32.74, dealers said. Higher overnight London advices and buying support from Europe and Japan, coupled with slightly reduced offerings contributed to
      71 words
    • Article
      CLOSING PRICES
      34 4 Rubber: Feb 24 Singapore: March: 272.50 cents (down 1.00 cent) Malaysia: March: 295.50 cents (down 2.00 cents) Tin: M 531.25 per kilo (up 25 cents) Official offering: 164.365 tonnes (down 0.635 tonnes)
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    • Article
      Lock icon Malaysia and Bolivia meet for common front in ITA
      93 4 Reuter REPRESENTATIVES of the Malaysian and Bolivian governments met to discuss a common front to strengthen the position of producing countries in the International Tin Agreement, Bolivia's mines and metals ministry sources said. One main topic is the attitude of the
      Reuter  -  93 words
    • Article
      Produce exchange
      183 4 CHINESE Pradaee Exchaage, Singapore, noon rloglag prices per IH kg yesterday. Cocoait oil: Bulk fob $129 00 sellers, old drum (in second hand drum) fob $139.00 sellers, new drum fob $145.00 sellers. Copra: Mixed (loose) $79.00 buyers. Pepper: Muntok white pepper fob Asta NLW $425 00 sellers, Sarawak
      183 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cottaa yam: China Blue Phoenix 20s 2.220 32s 2,780, 40s 2.990 (per bale of 400 lbs). Piece gndi: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      RICE
      339 4 SINGAPORE: Yesterdays closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.26, 100 per cent second class 1.01, 100 per cent third class 1.00, 25 per cent new crop no stock. B-10 per cent no stock. THAI BROKEN: A-super 0.80, Special
      339 words
    • Article
      LONDON MARKETS
      873 4 COFFEE: Robusta coffee futures yesterday ended at their morning highs mostly £6 up with the may position last traded at £1,046. Turnover was only 648 lots. Dealers said the market moved within a narrow range after failing to open in line with the rally on Monday night in
      873 words
    • Article
      PALM OIL
      65 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated: LONDON: Mon Previous Malaysian 5% ffa bulk per tonne April 630.00slr 635.00alr Sumatra ffa bulk February 665.00slr 665.00slr March 650.00slr 660.00slr April 630slr 625/630slr May 620.00slr 620.00slr Jun 615.00slr 597.50pd Nigeria 5% ffa bulk stg unquoted
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  • ASIAN STOCKS
    • Article
      Shares rally
      542 4 TOKYO SHARE prices yesterday staged a modest rally after a continuous fall in the past four days, with blue chips and large capitals leading the recovery in light trading, dealers said. The market average gained 15.97 to 7,111.23 with volume 270 million shares. The Tokyo Stock Exchange index
      542 words
    • Article
      Lock icon Hongkong
      309 4 Source: BUYING momentum continued over from Monday as the market opened strong yesterday Sellers quickly stifled the early upward movement but as soon as these were digested, the market resumed its rise. Buyers were encouraged by easing in the US prime rate and speculation over today's Budget speech. Hang
      Source:  -  309 words
    • Article
      Sydney
      340 4 PRICES in the metals and oils sectors yesterday eased in dull trading as a bearish reaction set in following recent rises, while industrials rose slightly on strong first half profits, dealers said. The Australian all ordinaries index fell 5.1 to 651.7, the all industrials gained 0.7 to 683.6 and
      340 words
    • Article
      Bangkok
      259 4 STOCK prices yesterday closed mostly lower with low turnover in weak trading dealers said. First Trust was down two baht to 68, Saha Union five to 133, Siam Cement two to 270 and Rama Tower 0.50 to 85 baht. Bangkok Bank and United Flour Mill closed unchanged at 298
      259 words
    • Article
      Manila
      99 4 FEB 24 Pesos Acoje Mining .006 -0 0004 Atlas Con A Alias Con B 28 75 0.75 Baguio Gold 00S2 unch Benguet Con. B 65 1 BF Goodrich 11.20 unch CDCP 5 unch Inco B Landoil Lepanto B 1225 -0 0025 Marinduque B 950 unch Meralco Oriental A Oriental
      99 words
    • Article
      Selected indices
      51 4 FINANCIAL TIMES INDUSTRIALS Monday 486.6 Friday 488 4 Week Ago 484.5 DOW JONES AVERAGE INDUSTRIALS Monday 045-23 Friday 836.09 Week Ago closed H.K.HANG SENG Tuesday 1519.24 Monday 1492.21 Week Ago 1526.51 AUSTRALIAN INDUSTRIALS Tuesday 683.6 Monday 682.9 Week Ago 672.7 ALL ORDINARIES Tuesday 651.7 Monday 656.9 Week Ago
      51 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      192 4 Let us examine the word Exclusive: stylish, r»oLt c i restricted in use, or appeal because of expense 4 a single, sole jurisdiction> b 2 exclusive n something exclusive: as a a newspaper story at first released to or printed by only one newspaper b: an exclusive right (as to
      192 words
    • Advertisement
      Page 4 Advertisements Column 2
      14 4 AUTHORS WANTED BY N.Y. PUBLISHER bOBk K'«n o» *m turn M«» urn w«i m*n
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  • TRADE AND INDUSTRY
    • Article
      French jewellers pick Singapore
      300 5 A DELEGATION of 42 French retail jewellers will hold their annual International Retail Jewellers Seminar in Singapore for the first time early next month. The seminar will be held at Hilton hotel on March 6 and is organised by the Diamond Importers Association of Singapore and
      300 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      116 5 BEN and Co has appointed Michael Garms managing director. Mr Garms succeeds DftvM Beyd, who has returned to Australia. Aged 48, Mr Garms joined Straits Steamship as group marketing manager in 1978. Before joining Straits Steamship, he was commercial director, engineering division of British Oxygen, where he
      116 words
    • Article
      MEMO PAD
      630 5 SEMINARS AND COURSES Feb 27-Mar 11: Cost and Financial Management for Non-Financial and Cost Managers, Suite 36C Waterloo Centre, Personnel k Organization Development Feb 28: Workshop on Where The Money Is and How To Get It, SIM Conference Room (3rd Door, Thong Teck Building), S'pore Institute of Management
      630 words
    • Article
      Issues in industrial growth
      84 5 FIVE Canadian MPs visited Singapore recently to study problems facing the country. The five-man parliamentary task force on NorthSouth relations visited the Philippines before spending five in Singapore from Feb 15. In Singapore, the MPs had discussions on the Singapore's education, economic and industrial development with
      84 words
    • Article
      Cockpit
      25 5 IN a Business Times report 'Cockpit taken to task on retirement clause' on Feb 21, "the Chinese restaurant" should have read "the Chantilleer Restaurant".
      25 words
    • Article
      TRADE TALK
      287 5 AUTOMATED Systems will install a $500,000 turnkey system for International Bank of Singapore. The system will give IBS a management information system on an on-line realtime basis. DINERS World Travel has been appointed general sales agent in Singapore and Malaysia for Londonbased tour operator Contiki. Contiki tours are
      287 words
    • Article
      Leather fair draws British companies
      148 5 SEVERAL British companies in the leather business are coming to Singapore in July to display their products at International Leather Fair. The companies comprises nine leather manufacturers, five tannery machinery manufacturers, two makers of footwear components and accessories, a manufacturer of shoemaking machinery and a
      148 words
    • Article
      Base for offshore oil industry
      460 5  -  POTENTIAL IS THERE By RICHARD SEAH SINGAPORE has the potential to develop into a major base for the offshore oil industry in the region. The Republic can provide tubing and other equipment for oil exploration. With the rapid increase in oil exploration, countries such as
      460 words
  • Page 5 Advertisements
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  • Article
    Legitimate tactic to get more
    405 6 THE LAYMAN on the lookout for the political implications behind the day's headlines might feel inclined to read too much into the Government's objection to a Malaysian entrepreneur's takeover of two Singapore hotels. But it would be naive to interpret the Government's stand as anything
    405 words
  • Article
    Price of keeping up with the Joneses
    294 6 DESPITE the strongly held views of those who have studied there, the academics of Harvard are not omniscient. However, that does not mean that they are always wrong. Certainly, Daryl Wyckoff's comments about Singaporeans being in danger of catching the Dutch disease have
    294 words
  • Article, Illustration
    Lock icon EXPECTED VICTORY
    1152 6  -  The 5,278 deputies to South Korea's new electoral college, will cast their ballots today to make formally Chun Doo-hwan President of the nation. There can be no doubt of the outcome, reports EDWIN WHITE, as Chun's government party has already been given an overwhelming victory. EDWIN WHITE, AP.
    AP.  -  1,152 words
  • Article
    Lock icon Flourishing trade ties
    657 6  -  EUROPEANS FLOCK TO TAIPEH By HENRY SCOTT STOKES NYT WELLINGTON Y. TSAO is pleased. In the last couple of years Taiwan discovered Europe, Europe discovered Taiwan and both liked what they found. The most obvious result can be seen In the substantial increase in trade between Europe
    NYT  -  657 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      638 6 -n-on CBOSBWORD CRYPTIC PUZZLE ACROSS I The duchess's game (5) I The food of philosophy (5) I Not keen to add a soft centre to a new diet (5) i A name in fishing (3) I How to get salaries increased (3, 2) I Garment causing tingles (7) i Strength
      638 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      61 6 mC BRISTOU- I UiRNT TO T H RNK xtx) FoP. tilling nnc R6out YOUNG &LVIS. we Gan/EM M\m H\S NOTiCf <-oe CPVM'T HP»ve Tnese SCHOOL CoveßiNG THC UJPMJ.S < UJiTVi GffRFFiTi l D\D >T ms GOCiD. HC'S NOT R SCMCOiBoy Rny L-OHGGJR Me'S B mp>N IN R mFSN'S UOORLD WD
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 3
      768 6 Itmurwdto] JAZZ TREAT f JAZZ FANS will tare the Cards) bays the rights to aai pnpcMl threagh Ike sppsitaallj to m« Mi Ustoa toe Bin "Geae W1 to The Battle Of Brtteto. The ate sf 7 to Mae Kaaflmaa sf Oerma- Wlad" aai slgas Clark toe raiar iariag toe beanher
      768 words
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  • Article
    Lock icon NOT TRADITIONAL
    314 7 NYT WHEN IBM opened its first two American retail stores to sell its office products a few months ago, it marked a significant step toward reaching the small-business man, not traditionally served by the computer giant. With the Minolta deal, it is moving further in that direction.' IBM
    NYT  -  314 words
  • Article, Illustration
    Sperry Univac's strategy
    1668 7  -  CHALLENGE FROM IBM AND THE JAPANESE Burroughs, Honeywell and Sperry Univac dwarfs beside IBM are claiming the Number Two position in the industry. PAUL BETTS reports that there is now a general consensus on Wall Street that Sperry has managed better than the other two. PAUL BETTS
    1,668 words
  • Article, Illustration
    Lock icon Minolta copier with an IBM label
    916 7  -  IBM's deal with Minolta, whereby the giant sells Minolta photo copiers under the IBM label, is causing many an analyst's brain to work overtime. Why is IBM moving into the small copier market? And what implications will it have on existing manufacturers, such as
    FT  -  916 words
  • Article
    Lock icon Prized assets of 20th Century Fox
    924 7  -  FORUM with N R KLEINFIELD NYT THE HOUSE that Darryl F. Zanuck built contains far more riches than meet the casual eye. The interest among a band of corporate suitors of the 20th Century-Fox Film Corp stretches beyond a simple desire to be part
    NYT  -  924 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        277 8 FEB 23 Km CORBEILLE Air-Liquid? 48H -1 B S N Ciervais l>a ******* 1035 unrh 1* S V (ThomsonCst) ;iS8 -15 Cm* Franca lse des Pftrol«*s 221 -1.5 t'ompagnie h'inaneipre CotlipaRnie (iftifralf 393 -1.5 Credit Koncier IV Frame 403 5.8 Harhette I I.ibrairie) 350 -7 Machines Bull 57 0.6
        277 words
      • Article
        Frankfurt
        230 8 KKB 23 l)m A«*ti-T<*l«*funken 61.70 -02 Akzo 16 90 03 Allz i^brn All/ Vers BASK 121 mi -02 Ha> H T Whank 189 00H li.t> VlUft ***** -15 Ba v*r ***** -05 Ml 248 00B BMW 157 00 -1 Civsclla 296 00 -2 1'hem \>r* 228 00 unch t'ommerzhank
        230 words
      • Article
        Brussels
        87 8 KKB 23 Km FORWARD MARKET Afrr Art>-<1 Astur 2K 1190 unrh -20 Bturan Bru-t-amb Canpat Cock 930 928 1192 17* 6 -12 -8 -5 BNMM Ob-lnno-Bm Ge* 300 1730 3370 1900 1340 -5 10 40 15 -2 Hobok Petro Ryl Dutch Sidro Soc Gm Belie Sofina Solvav A Tanks
        87 words
      • Article
        Amsterdam
        222 8 KEB 23 KIs ABN 291) 00 6 Aht »1 it 70 00 unch MM i8 60 0.3 AMK V 9.i 90 0 1 Anitas 119 10 unrh Ainrobnk 56 60 04 ■rtpHi 24 50 07 Berk 4400 -15 Bols 9*91 0.9 Hoc mil J 232 00 1 Burhmann v..
        222 words
      • Article
        Zurich
        186 8 t KB 23 t Kranrs Art ion* Suivstn 287 1 Alusutvsr Kir HN8 5 Alusuissr Krx 410 -1 Bro»n Boveri Br 1310 unrh Ctha tingv Br 101.S -20 Ciha (ifiny P C 775 -5 C'iha (iriK) Ki>k MO unrh Crrdit Suism* Br 2630 2D t'rrdlt Suivsr KfR 4*0 3
        186 words
      • Article
        Milan
        103 8 H B 23 Life Ann 10 15 ♦0 1 Anmh CirII *****0 -1911 bast«>Kl 749 -6 Crnirulr *****1 40 V Ml 2299 9 F MMtfvv 9* 6 <»♦*!» Itnmoh 2375 -65 m Pn 80 itai. rnifnii 42U00 US Halpi 1179 50 39 IMMN 299 35 MoKn**ti M Pf 860
        103 words
      • Article
        TORONTO
        207 8 H H 23 c$ AMMi A Iran 39 Aiieoiu.i 41 bank Muni 3U unrh liank Nnva Srotia 31 BrII TH 18 Brth Corp BT i an Ui 42 1 Bri.van 32 Camp Hrd Ukr 60 -1 Can Imp Hk 29 Canpar 42 Canpac Inv Pi 19 unrh Carting OKrrlr
        207 words
      • Article
        JOHANNESBURG
        302 8 > H 23 Hand INDUSTRIALS A Alpha 380 unch Aberrom MO 5 AK And t*l 715 5 AMR 2250 75 BMIMN MHO -20 1775 -25 N A 500 unch Currie Finance 210 5 Ur Beers Ind 2ti00 -100 Edcon 555 unch Edgars 0300S Evereudy Fed Yolk 450 -5 Kufcit
        302 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      225 8 Where to wine,dine and entertain Local and Western self-service lunches Open daily < 10.30 a.m. t03.00p.m. Restaurant Lounge 10.30 a.m. to 10.00 p.m. DOLPHIN CAFETERIA Ist. Floor, World Trade Centre, Tel: *****11/2 If you want a speedy lunch in style.. if s time you came to us. LUNCHEON DIS-CARVERY at
      225 words
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      Page 8 Advertisements Column 2
      158 8 m K 4* V, < fe 4 f! >~ For banquets. For conventions. For other functions of flawless finesse. f unctions for up to 2SO <juests Intt'rnutit >nal menus to choose from tmplete raruje of audio visual equipment A mple parking space. iL(§> C i'iiiui'\ Slmtiilihi Siii)'ii|MM SHERATON HOTELS AND
      158 words
    • Advertisement
      Page 8 Advertisements Column 3
      218 8 See Page 4 for Asian stocks and and Page 9 for NYSE prices Feast like an emperor at Chinatown r<» r" >>. ?s.;. (ST l 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
      218 words
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      Page 8 Advertisements Column 4
      116 8 QQGGQ Inn Of Happiness Now open at the Hilton Dine Cantonese style. Dine Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. |Ol HRTON INTERNATIONAL
      116 words
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      Page 8 Advertisements Column 5
      110 8 r»\ This is Thai Seafood at its authentic best So fresh, it could have been alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant rXTw Oxley Rise/Penang Road. Singapore 0923 Tel *****11
      110 words
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  • BANKING AND FINANCE
    • Article
      Singapore market
      453 9 THE US dollar managed to maintain a certain degreee of firmness in the foreign exchange market yesterday despite wild speculations that the US prime rate will dip to 14 per cent within the next two months. Against the local dollar, the US unit opened 2.1010/40 and saw steady
      453 words
    • Article
      TOKYO
      157 9 THE US dollar for overnight delivery yesterday closed at 208*35 yen, compared with a 209.30 opening here, a *****0/50 close both in New York and on the West Coast and 206.70 here on Monday. Trading was moderate witji, volume US$962 million. The dollar initially firmed to a two-month high
      157 words
    • Article
      PLR
      22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 14.5 per cent.
      22 words
    • Article
      ASIAN $ RATES
      181 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Feb 24. US Dollara(Spot) Offer Bid 7 days 15H 15'<i 1 month 161/16 1510/16 2 months 16 5/16 16 3/16 3 months 16H 18 W 6 months 1611/16 16 0/16 9 months lSVk 16 12 months 161/16 1515/16 8*M
      181 words
    • Article
      Discount
      47 9 RANGE of prices offered by discount houses on Feb 24: Overnight: 7V*% Call deposits: to V/*% Closing Bayiaf S«Uis« 3-month Treasury bills 6 13/16 011/16 3-month Bank bills 13 9/16 137/16 3 months CD 12H 12 H 6 months CD 121/16 1115/16 Source: National Discount Co
      47 words
    • Article
      Frankfurt
      38 9 FRANKFURT exchanges opening quotes on Feb 24: US 2.1270/1300 Stg 4.735/745 Can -1.7772/800 D F1 91.26/55 S Fr —110.18/52 Lit 2.081/88 F Fr 42.74/84 N Kr 39.46/57 B Fr (con) 6.164/74 B Fr (fin) 6.054/64 Yen —1.0218/58
      38 words
    • Article
      GOLD
      287 9 SINGAPORE gold futures yesterday finned marginally in thin afternoon trading on some short-covering but the market still closed easier on balance compared with overnight levels, dealers said. Total sales for the day was recorded at 64 lots while volume for kerbs was at 111 lots mainly in April and
      287 words
    • Article
      Silver quotes
      40 9 Mm PH New York 12.85B 1315B L315S 13.4SS Zurich 12 8KB 13.10B 13.25S T« m 13 SOS Singapore IvQB L2 95B 13 00B 13 35S 13.4QS Closing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore.
      40 words
    • Article
      London
      151 9 STERLING yesterday opened at $2.2306/20 after (ailing in a thin market in the far east to a 14 month low of $2.2090/2110, and closing here on Monday at 2.2445/75. Later it was quoted at 2.2420/30. Three Months sterling on the domestic interbank market fell to around 12H per cent
      151 words
    • Article
      HONGKONG
      108 9 STERLING yesterday recovered much of the ground lost earlier in thin nervous late trading, dealers said. The US dollar fluctuated against the mark, meeting selling resistance yesterday morning at the 2.14 level, but still being underpinned by bullish market sentiment. It traded at a late 2.1250/ 1300 marks, after
      108 words
    • Article
      BLUE CHIPS LEAD NYSE ADVANCE
      1106 9 DECLINING interest rates and a more hopeful attitude about the chances for success in Congress of President Reagan's fiscal programme pushed New York stock prices on Monday higher but trading continued at its recent moderate pace. Continental Illinois late Friday and some small banks on
      1,106 words
    • Article
      Lock icon Britain upgrades three Japanese banks
      269 9 Reuter THREE Japanese consortium banks have been placed on the Bank of England's list of recognised banks after being previously on the list of licensed deposit taking institutions. Banking analysts noted this is the first time that institutions have moved from being licensed deposit takers
      Reuter  -  269 words
    • Article
      ABN prime
      30 9 AL&EMENE Bank Nederland NV yesterday lowered Its Singapore prime lending rate to 14'/i per cent from 14 V« per cent. The bank last changed (Mime on Nov 26.
      30 words
    • Article
      Lock icon Increased use of yen likely
      378 9 Reuter INTERNATIONAL use of the yen will grow this decade because Japan will be required to play an increasingly important role in the world economy, according to the private Japan Economic Research Council. In a special study report, it said under the present floating system
      Reuter  -  378 words
    • Article
      Less restrictive
      475 9  -  Alan Lerner, The writer, Alan Lerner, is a senior vice president and money market economist with Bankers Trust. THE CREDIT markets in the US continue to perform unevenly, with positive developments in monetary growth and Federal Reserve policy being offset to a degree by economic buoyancy. Last week,
      475 words
    • Article
      Lock icon CHINA TO ISSUE TREASURY BONDS
      128 9 AFP CHINA is preparing to issue state Treasury bonds as a way of absorbing surplus capital scattered in the country and raising funds for national construction. A Beijing report said the regulations governing the issuance of such bonds will be discussed at the 17th meeting
      AFP  -  128 words
    • Article
      Lock icon New set-ups
      26 9 Reuter THE Dubai Bank said it will open a branch in Sri Lanka and a subsidiary, Dubai Oriental Credit Ltd, in Hongkong, next month.
      Reuter  -  26 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      110 9 NOTICE UNTTED WTERNATIONAL SECURITES LTD INCORPORATED IN THE REPUBLIC OF SINGAPORE) ANNOUNCEMENT To All Shareholders The Board of Directors is pleased to make the following announcement Audited Results for the Year Ended 31 December 1980 The Group The Company 1980 1979 1980 1979 Profit before taxation (S$'000) 6,435 2,199 2,734
      110 words
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      Page 9 Advertisements Column 2
      280 9 TWENTY POUNDS STERLING BARCLAYS BANK 105 2009 no 524 <- PIETY us oollaps WWI WKMUIII mm «iMk 32 MM iwajnuw MTtWMro imW) umdon wttMcs tVbAY*. .fa.f ■taooooo 10 n: 10 s eoos- iaoa s»* s 1 £20 4T > S5O The Five Star Travellers Cheque Available in dollars and sterling-and
      280 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1947 10 BID and otter prices officially Hated and *■■■<■■■■ in and reported to the Stock Exchange of Singapore yesterday with the number at shares traded shown in brackets in lots ot 1,000 units, unless otherwise yrifltd. SECTION ONE INDUSTRIAL COMMERCIAL Allied Choc (1628)
    1,947 words
  • Article
    Unit trusts
    170 10 aDWAPOu unit rmu m OVMONTMXJ (Mnancm' prtew tor N dtoMMI* 1 Vtoee toM >«) The Commerce 3.78 3.96 Union Spare Fund 1.52 157 The Saving* Fund Mi 2J7 INCOME S parc Prog Fund 1J8 1.87 BON D UNIT S pore Sec. Fund 2.34 188 (Can mt fhmm) S
    170 words
  • Article
    SHARE INFORMATION SERVICE
    2716 10 IBM/1961 Hi«k Low Coaptay Last Sale +orGr*s DW Dto CTT Gr*s YTd Net P/E Vol (•OOO) Day High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 372 300 IM 227 420 170 362 990 408 610 246 220 116 138 203* 60 275 246* 187 286 Aetna Alcorn Allied
    2,716 words
  • Article
    In Kuala Lumpur
    1940 10 BE) and offer prices officially listed and hirtw in and reported to the Kuala Lumpur Slock Exchange yesterday with the number of shares traded shown In brackets in lots of 1,000 units, unless otherwise specinec INDUSTBIALS kkmm (10BS) (1) 194 A Chee (1.S0B) AMD (LIB 100S) (3)
    1,940 words
  • COMPANY MEETINGS
  • Article
    Prices soar on buying spree
    661 10 THE matte yesterday appeared te he "ap, ap aai amy," aa laveaters aai Wagapere ■leek exehaage. Price» warel ea wlags tatleas as well n laeal laterests. Crtvli pmtoi Ike viewing gallery at the tmĔtmm u well as the hrakteg Oram, aai traiteg clerks were all
    661 words
  • Article
    NST index goes beyond 1000
    629 10 THE Kuala Lumpur stock market drew firm buying support in the afternoon to close on a significantly higher note yesterday. Shares, notably selected volatile and situation stocks, were again pushing strongly ahead on renewed and speculative interest. The hefty gains recorded enabled the New Straits
    629 words
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  • COMPANY NEWS
    • Article
      Consplant is good recovery situation
      527 11 LONDON stockbroker Grieveson, Grant and Co takes the view that Consolidated Plantations represents a good recovery situation and has made a buy recommendation for the stock when the market turns less hectic. "The group's current P-E rating of 25 is, we think, high enough given
      527 words
    • Article
      Three-fold jump in pre-tax earnings at UIS
      258 11 CLOSED-END investment trust United International Securities has reported a near tripling in earnings to $6,435 million for 1980 from $2.2 million in 1979. After providing for taxation, UIS made a profit of $4.1 million, a 140.6 per cent increase over what was made
      258 words
    • Article
      DIVIDENDS ANNOUNCED
      343 11 Camat Ex 1MB Date Tetaltor Tatal tor Ptymeit Date due Payable the year Prevtoas year Ayer Maiek 30%(f) Jan 30 Feb 15 Feb 26 30%(f) 25%(g) 5.8%I Mar 17 Mar 27 Apr 27 5.8% 4C1V 4J7T Btrjiyi Kiwit 4%TEI Mar 4 Mar 16 Apr 4 4%TE 13%TE City
      343 words
    • Article
      SCRIP ISSUES
      321 11 Campaay Partlealara Ex Date BmIu Clue Aetna Proposed rights issue of 1 for 4 $2.80 per share NYA NYA ileto Proposed rights issue of 2 for 1 $1.70 per share NYA NYA API Proposed rights issue of If or 1 $1.00 per share NYA NYA C*C Bonus issue
      321 words
    • Article, Illustration
      YHS(M) may raise product price
      716 11  -  By THE CITY STAFF YEO Hiap Seng Malaysia Bhd is adopting a twopronged programme to alleviate the effect of rising costs on earnings in the current year first, by pushing sales and second, by increasing productivity. At the same time, the group has raised the
      716 words
    • Article
      Barlow to develop property in England
      150 11 MALAYSIAN plantations group Barlow Holdings and is subsidiary Majedie Investments have moved into property development in England's home counties. Barlow's venture into housing was disclosed recently when it publicised the formation of a joint company with Countryside Properties, the housebuilding firm. Both Barlow and
      150 words
    • Article
      COMPANY BRIEFS
      296 11 THE KLSE has queried WUUhn Pnem Rnbber on its proposed bonus issue. It wants additional information regarding the level of profitability of the company compared with the previous year and the dividend rate. THE SES has queried Hatel Malaysia on its proposed acquisition of a piece of land
      296 words
    • Article
      SPK set to make strong impact
      510 11 THE hitherto little-noticed but highly diversified bumiputra-owned limited company, Syarikat Permodalan Kebangsaan Bhd (SPK) is set to make a visible as well as "viable" impact on the property and stock market scene in Malaysia when its 20-storey headquarters building is completed within Kuala Lumpur's
      510 words
    • Article
      RESULTS DUE
      390 11 Date Lact Fall Yea tr Company Ported A—weed Net EPS Grew Pre-tax last year (eeats) Div. Profit <%) Pahang Cons F 16 11 1.5 2.5 1,634 M U I F 4/2 0.9 3.0 1,607 Lingui Dev I 11/2 2.5 4.0 431 Kuala Sidim I 12/2 27.3 35.0 17,946
      390 words
    • Article, Illustration
      Lock icon A baffling delay
      714 11 msm ■mm™ by HOCK LOCK SIEW THE long delay in reporting the sale of some 4.8 million Bo vis shares by two directors Brian Chang and his brother Benety seems rather baffling. A share sale, as most people would agree, is fairly straightforward and any change in
      by HOCK LOCK SIEW  -  714 words
    • In Hongkong...
      • Article
        TAI Shee Estates
        35 11 has an- nounced a final 1960 dividend of 5 cents plus a cash bonus of 10 cents (5 plus 3 cents previously). The company's books will close on March 14 to 28.
        35 words
      • Article
        SUN Heng Kai Properties
        63 11 has been chosen to redevelop the China Fleet Club in Wanchai, Hongkong, the government announced. The building, owned by the Royal Navy, has a site area of 2,136 square metres and can be developed to a total area of about 32,516 square metres. Demolition is expected
        63 words
      • Article
        HOPEWELL Holdings
        90 11 has announced a net profit attributable of HK547.33 million ($30.99 million) for the six months to Dec 31. The profit is after a tax charge of $20.67 million ($11.37 million) and minorities of $506,000 ($144,000) but before an extraordinary profit of $1 million (nil). An interim dividend of
        90 words
      • Article
        THE Hongkong and Yanmati Ferry Co
        67 11 said its one- for-two rights issue was approximately 98.25 per cent subscribed. The company expects to post certificates no later than March 16, with trading in partly paid form starting two days later. The issue of 46.21 million $1-00 shares at $4.50 each was
        67 words
      • Article
        WING Lang Bank
        117 11 has an- nounced a consolidated net profit of $78.12 million ($43.11 million) for the year ended Dec 31. A final dividend of $1.20 (no comparison), making total of $180 (no comparison) will be paid. The company proposed a bonus issue one-for-five. Its books will close on March
        117 words
      • Article
        BEAUFORTE Holdings
        111 11 has announced a net after tax profit of $7.50 million, for the nine months to end 1980 ($4.44 million in the year to March 31, I960), plus an extraordinary profit of $80.72 million (nil) making an attibutable profit of $88.22 million. A final dividend of 6 cents (3
        111 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      76 11 NOTICE □AI-ICHI KANGYO BANK LIMITED. G2 Hong Leong Building, 16 Raffles Quay Singapore 0104 U5520,000,000 Negotiable Floating Rate U.S. Dollar Certificates of Deposit due 25th February, 1983 In accordance with the provisions of the Certificates, notice is hereby given that for the Interest Period from 25th February 1981 to 25th
      76 words
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      Page 11 Advertisements Column 2
      190 11 Used Plain Paper Copiers Substantial Quantity of sound high capacity paper copiers available for injection into SINGAPORE. We shall wish to promote this equipment through a reliable main agent who will probably distribute to other Dealers. As established U.K. specialist in these machines we can offer reliable spares back-up and
      190 words
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  • Article
    Harvard puts off plans for business school
    420 12  -  By CHOO AI LENG PLANS by the Harvard Business School to set up an extension school offering advanced management courses in Singapore have been temporarily shelved. This is because the Dean of Harvard Business School, John Mac Arthur, finds that there is a
    420 words
  • Article
    Lock icon Asean business council sets up study groups
    253 12 AFP THE ASEAN-Australia Business Council has set up two study groups to examine all aspects of trade and investment between Asean and Australia. The two groups one on trade and the other on investment were set up at the first meeting of the
    AFP  -  253 words
  • Article
    Lock icon India's US$215b plan to combat poverty
    518 12 POPULATION CONTROL Reuter INDIA will spend billions of dollars in what officials describe as a frontal attack on poverty under a new five-year development plan now before Parliament. The US$2l5-billion plan proposes to reduce the number of Indians living below the poverty line to
    Reuter  -  518 words
  • Article
    Lock icon More industrial troubles in Australia and NZ
    397 12 Reuter UPI FOUR pickets were arrested in Sydney yesterday during a strike by federal civil servants, the latest of Australia's industrial troubles. Police said they were charged with obstruction and- assault after being arrested outside government offices. The 24-hour strike is in protest
    Reuter; UPI  -  397 words
  • Article
    LONDON STOCKS
    806 12 LONDON, Tues. The market opened mixed in quiet trading today with the Financial Times index up 1.5 points at noon to 491.7. Beecham fell 12p to 163 on reports that it has delayed the launch of a new drug. British Aerospace was again in demand and moved a
    806 words
  • Article
    Lock icon Dow Jones pushes ahead
    116 12 AP NEW YORK, Tues. The stock market pushed ahead this morning, aided by declining US interest rates. The Dow Jones average of 30 industrials rose 2.88 points to 948.11 in the first half hour. Gainers outnumbered losers by close to 2 to 1. More banks today
    AP  -  116 words
  • Article
    Lock icon SOVIET LEADER CALLS FOR SUPPORT
    188 12 Reuter A SENIOR Soviet leader has called on "Eurocommunist" parties to close ranks with Moscow in the face of a threat from the West. Vladimir Shcherbitsky, First Secretary of the Ukrainian Communist Party and a member of the 14man politburo, told the party's 26th Congress
    Reuter  -  188 words
  • Article
    Lock icon Charles to marry Lady Diana
    57 12 Reuter PRINCE Charles, heir to the British throne, is to marry Lady Diana Spencer, aged 19, this summer, Buckingham Palace announced yesterday. Lady Diana, whose father was a courtier of the late King George VI, worked until recently as an assistant teacher at a nursery
    Reuter  -  57 words
  • Article
    Lock icon Overwhelming support for Reagan policy
    251 12 UPI PRESIDENT Reagan's bold plan to remedy the ailing US economy has received overwhelming public support, a Washington Post-ABC news survey shows. The survey, released on Monday, found that Americans believe by a more than a 2-to-l margin that Mr Reagan's plans to cut spending
    UPI  -  251 words
  • Article
    Lock icon Washington to sell Mexico F-5 fighters
    253 12 UPI THE UNITED States has agreed to sell Mexico at least a dozen supersonic F-5 fighters in a major step towards modernising Mexico's armed forces. The Washington Post, quoting Mexican sources, yesterday said a secret request for the fighters made four months ago was
    UPI  -  253 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      161 12 Leader... Page 6 not pay $78,uuu to drive a\t>iyO. Rent one! Pay a minimal rental fee and get the pick of our Volvo fleet on a daily or yearly basis. Benefit from A choice of brand new, air- conditioned models Unlimited mileage Free maintenance/ replacement car Free road-tax, radio licence
      161 words
    • Advertisement
      Page 12 Advertisements Column 2
      419 12 Seminar On JAPANESE PERSONNEL MANAGEMENT AND INDUSTRIAL RELATIONS April 9 11,1981 (Shangri-la Hotel) Organised by: APPLIED RESEARCH CORPORATION (ARC) With the support of The Governments of Japan and Singapore National Trades Union Congress Singapore Federation of Chambers of Commerce Industry Singapore National Employers' Federation Can Singapore adopt Japanese methods in
      419 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 =WE-ftT;HERI Outlook for Singapore from 6 a.m. to 1 p.m. today: Fair. Report for 24 hoars prior to 7M p.m. on Feb 24 at the airport. Maximum temperature 32.6 Associated humidity 60 Minimum temperature 24.0 Associated humidity 97 Hours of sunshine 6.40 Rainfall in millimetres Nil Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • Article
      Lock icon China may get several deals at Marintec Asia '81
      152 13 Reuter CHINA is expected tD land several shipping contracts at a maritime conference and exhibition to be held in Singapore next week, a spokesman for the organisers said. Many countries and multinational companies had shown special interest in signing contracts with
      Reuter  -  152 words
    • Article, Illustration
      PSA may computerise CT fully in 3 years
      775 13  -  By JAN LEE THE Port of Singapore Authority (PSA) is studying plans to introduce the use of computers to provide a fully automated physical operation system at the Container Terminal (CT). This is part of PSA's aim in Its computerisation programme revealed
      775 words
    • PORTSIDES
      • Article
        Lock icon Spanish strike
        61 13 AFP NEARLY all the 15,000 Spanish dockworkers went on strike over the dismissal of 172 of their colleagues at the port of Barcelona, union sources said. There was no indication of when the strike would end. Strikers also said they were putting pressure on their employers during talks
        AFP  -  61 words
      • Article
        Lock icon Change proposed
        94 13 Reuter THE Maritime Administration is proposing a change in the Cargo Preference Act to ensure that Great Lake ports ship at least 10 per cent of the tonnage generated by US agencies. The Cargo Preference Act requires that US flag vessels, if they are available at fair rates,
        Reuter  -  94 words
      • Article
        Lock icon Misplaced optimism
        78 13 AFP LONDON maritime consultants H P Drewry believe that the record volume of world orders to shipyards for bulk carriers since the beginning of last year is due to "misplaced optimism." Although world exports of coal should double between 1980 and 1985 to 110 milling tons a year,
        AFP  -  78 words
    • Article
      INDEX TO ADVERTISERS
      727 13 Shipping Liar P»g» CM Shipping Liar Page Col Achipelego Adriatic Afea Alfred CT Afro-Eurasia All trans Alpac Angkutan Angonave ANL An toll APL Argentine ASCL Asia Merchant Bait-Orient Bangladesh Bank Line BBS Ben Line Ben Ocean Ben Asia Benbulk Bintulu Blue Diamond Blue Funnel Blue Star B
      727 words
    • Article
      Container Schedules
      884 14 J export fcl containers AND LCL CARGO AT CONTAINER TERMINAL Vessel's Name Voy No. Estimated Time of Arrival Shipping Lines Gdn Mode of Operatn Date Time Bunga Surla 024 Ever Pioneer 46-30 Jebel All 13 K. Repln 2CW Oriental Importer 12W Green Forward 65-lOE P. Madison 74/1 Sun
      884 words
    • Article
      LONDON FREIGHTS
      1425 14 BUSINESS was mainly confined to the time-charter sector of the freight market on Monday which was featured by the booking of an 80,000 tonner for three years trading with 1982 delivery at US$4 per ton with option of an additional two years at $4.50. A 59,000 tonner with
      1,425 words
    • Article
      Oil companies lace problems as tanker charters end
      402 15 TANKER owners, beset by a persistent surplus of tonnage, face the worrying prospect of expiry of longterm charter parties for 27 vessels in Japan alone. Unless the agreements are renewed and in many cases this is doubtful they will be left with
      402 words
    • Article
      SHIPS IN PORT
      421 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Builder n (after Equator) 22 Ingelheim (after Bunga Tanjong group 1 on board) 31/32 Kaenary (2200) 40/41 Kota Singa (0700) 10/11 On Wo (after Xin Shan shifts) 1/2 Putra Jaya (Tanker) (1300 P/O subject gas free) 13/14 San Luis (after Hrvatska Bunga
      421 words
    • Article, Illustration
      Waterwitches for PSA
      210 15 THE Part of Singapore Authority (PSA) recently launched two highly specialised Waterwttch craft to replace the manual faculties that were previously operated by the PSA, helping to cot down both time and manpower. The Waterwltch is a craft with a hydraulic-operated scoop capable of clearing driftwood, surface
      210 words
    • Article
      Lock icon IRAN/IRAQ REPLIES EXPECTED SOON
      276 15 Reuter UNITED Nations envoy Olof Palme said definite replies were expected from Iran and Iraq within the next few days on proposals for releasing ships trapped in the Shatt al-Arab waterway by the Gulf war. Mr Palme has reported to secretary-general Kurt Waldheim on his third
      Reuter  -  276 words
    • Article
      Lock icon Owners confused over legislation on sewage discharge
      1148 15 Fairplay AS is the case with any subject where international legislation is required, problems arise with its interpretation and implementation. Legislation on the discharge of shipboard sewage has taken longer to reach the stage of international acceptance than any other previous regulations regarding
      Fairplay  -  1,148 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1244 19 SCHEDULE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are 1 published at a maximum of three weeks.
      1,244 words
    • Article
      SHIPPING EVENTS
      374 20 THE German Market Feb 26, Reinsurance Offices Association forum, Aldermary House. Queen St, London EC4. World Transport of Energy Conference Feb 26 27, Royal Overseas League, St James's St, London, SWI. Details: ESC Ltd, 31 High St East, Uppingham. Rutland. Maria tec Asia *81 exhibition March 2-6, Singapore.
      374 words
    • Article
      Lock icon Opposition party files petition
      173 20 UPI AN Indonesian opposition party will petition the government to answer questions on the sinking of an interisland ferry that claimed more than 400 lives. Achmad Subagyo, a lawmaker from the opposition Democratic Party, said "the Democratic Party will submit an enquiry this week to President
      UPI  -  173 words
    • Article
      Oil industry not to be blamed for fuel problems
      1010 20 FUEL oil quality has become a fashionable topic in shipping circles and, as with the world of high fashion, some extreme and exaggerated postures have been adopted. There is a tendency to blame the oil industry, as a suitably large scapegoat,
      1,010 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      593 13 Everett Lines FOt TH€ MOST FREQUENT SAILINGS TO BANGKOK HONG KONG JAPAN BUSAN CHtTT AGONG CALCUTTA CHALNA RANGOON BUENOS AIRES MANZANILLO ACAPULCO Everett Steamship Corpn. S/A Clifford Centre Singapore 1 Tel ***** 9 36 Beach Street. Penang Rm 36 103 OCBC Bldg Tel ***** 3 Port Kelang Agents SOCSHIP CO
      593 words
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      Page 13 Advertisements Column 2
      348 13 SKALOKD" UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES FULLY CONTAINERISED SERVICE Iraq cargo acceptable intransH Loading for i in twlt* ii; rrm mam t uwait (Hi) uammam (10/3). Mina Qaboos (13/3) Abu Dhabi (15/3) Doha (17/3) Bahrain (19/3) Dubai (20/3). Kuwait (22/3), Dammam (25/3). Mina Qaboos (28/3), Abu
      348 words
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      Page 13 Advertisements Column 3
      715 13 MILLION MILES MARINE rt* (PTE) LTD. N> SHIP CHANOLERING (Sales Services) AGENTS DISTRIBUTORS STOCKISTS. Deck, Engine, Provisions Dry Frozen, Bond Galley Suppliers. Add 463, Macpherson Rd S'pore 1336 TEL *****21 (10 l.nes) Office ».n the wire *****1 I (24 HRS) *r MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC,
      715 words
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      Page 14 Advertisements Column 1
      899 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 Cw>Mwt Unk* Feeder *P Keiang Vessel B DAHLIA SM B SURIA B PINAGA 1/3 N DtMAA B DAHLIA 8/3 N hOORN B PENAGA
      899 words
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      Page 14 Advertisements Column 2
      241 14 BBS SUPERCARRIER SERVICE TO: PANAMA US ATLANTIC E. CANADA US GULF TO: CALIFORNIA (22 DAYS) VENEZUELA EXPRESS CONTAINER SERVICE Sa Franca IEHBEana 24/3 I 27/1 V/J 12/4 12/4 U/4 4/3 24/4 24/4 X/ 4 14/5 4/5 11/5 also acorns iu u hm Mm* km na i■ TO: VENEZUELA CARRIBEAN GULF
      241 words
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      Page 15 Advertisements Column 1
      636 15 STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Containenhip S«rvke To/From Banfkok Ytm bi« KttSnnK *112* 1/9 Mb 11/1) Ma ft CASUS W IIUM IS/16 Mw »/»Mb Singapore to Sabah. Sarawafc and Brunei BANGKOK MOfTS: BUNCO SERVICES LTD. BANGKOK TEL 234-1622 (5 LMES) ENQUMES: SMGATOK CABM PASSENGERS TEL
      636 words
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      Page 15 Advertisements Column 2
      351 15 Franco Belgian Services lF i Filv' Ft?-.ch Vn »i"( if'. lit .'..Mr. I ~r F.\s'i rr 1 M f o»»sot WNK P. KELMK HI hM KM Ml r IMb 2Mb Ml (Mr 7 Mb 251 12 Mb 13 MB 111 FWi commas*'. R'Rbb KW| BUma l'»«rp 15 Mb 17 Mb
      351 words
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      Page 16 Advertisements Column 1
      951 16 Hapag-Lloyd TO MEDITERRANEA Creole laurg Mont BUnc Maru 27 2 13 1 Che«aier HiMt U. 3 13 3 TO WORTH EUROfE/MEDITERRANEA/ TW H* 20 2 22 2 Htiurg B hanen Rdam Antwerp 70 3 22 3 23 1 77 3 79 3 30 3 P Mang Genoa Trieste 77 7
      951 words
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      Page 16 Advertisements Column 2
      741 16 KOREA ToZ° P. KeUn( PENANG S PORE EGA 157W In Port 27/2-1/3 2-5 March FROM BUS AN BANGKOK /EGA 158E In Port 27/2-1/3 2-5 March TO BUSAN M.TAR 161W 12-15 March 16-18 March 20-23 March FROM BUSAN BANGKOK ALT AIR 162E 12-15 March 16-18 March 20-23 March TO BUSAN SC
      741 words
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      Page 16 Advertisements Column 3
      548 16 EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTING CARGO FOR HAMBURG. FELIXSTOWE. ROTTERDAM. ANTWERP. LE HAVRE ALSO ACCEPTING CARGO FOR UNITED KINGDOM SOUTHAMPTON. LONDON. MANCHESTER. BIRMINGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BREMERHAVEN HOLLAND AMSTERDAM Spare ted lift Yifor 3/03 24/03 E.erluck, 12/03 23/03 3/04 EeerWit 21/03 12/01 Ever
      548 words
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      Page 16 Advertisements Column 4
      995 16 Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON PAGAN pa an HTANI ANTRA PAGAN TEL NOS KL *****2/48) 309 Compania Ar|«ntina Da Navaaadon Intarcorrtintntai S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN MONTEVDEO BUENOS AMES Transportaaon Marrtima Maxicana S. A. "MEXICAN NATIONAL LINE" FAR EAST/MEXICO
      995 words
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      Page 16 Advertisements Column 5
      470 16 mO.S.E. OCEAN SHIPPING 8 ENTERPRISES PTE LTD. I£2l SANKYO LINE JAPAN/STRAITS SERVICE GENERAL AGENTS CONTAINER BOOK Mb SUB AGENTS P KELANG PENANG OCEAN SHPPMG A ENTERPRISES PTE HO SMGAPORE TU *****44/7 t *****70 K LUMPI# TEL *****4 4A4751 OCEAN SHTPMG STORE TU *****44/7 JALAL S CONTAMER P KELANG TEL 6347
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      Page 17 Advertisements Column 1
      888 17 L. PIL GROUP EAST AFRICA/REDSEA SERVICE a Singapore P.Kiling Panang Loading (or: KOTA CAHAYA In PI/25 Fab KOTA MAJU 2/8 Mar Singapora P.Kalang Panang Loading (or: KOTA CANTIKM/2 Mar Aqaba Daraaaalaam, Mombaaa, Hodatdah. Jaddah KOTA MAHA 15/20 Mar Port Sudan (Accepting container to Hodatdah) Adan. Hodatdah KOTA OEWA 20/25 Mar
      888 words
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      Page 17 Advertisements Column 2
      822 17 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE JO EUMPE Spore P Mangy imnti)rw 25/2 27/2 Hanbwg Eipresi 4/3 1/3 Kiwia Mm IS/J 17/3 lirerpod Bar 20/3 Lags Bar 24/3 21/3 >h«M by 1/4 5/4 C*r <* EMm|* 10/4 hwn/tintt PiU Ka Shun 3/3 Kaiaga Man Bam all 5/3 Kasuga Kara
      822 words
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      Page 17 Advertisements Column 3
      860 17 n f v i i m s', A m ft' m 4\ Scan Dutch WEEKLY EXPRESS CONTAINER SERVICE TO MEP/UK/NC/SCAN I e IAHLIA sld B PINACA ?7 6 DMK 6 j 6 PENAGA 13 3 B DAKIA 71/3 8 PENAGA ?7 3 gPenang Mctner feeder Vessel tootnole 8 SUM* >«•
      860 words
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      Page 17 Advertisements Column 4
      596 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNION SOUTH AFRICA A VESSEL SINGAPORE 30/3 eta Reunion 11/4 Durban 16/4 Capetown 23/4 Pt Elii 21/4 (also accepting East London and Maputo cargo) Lykes/4 Lines U.S. WEST COAST SERVICE D»ett trom SFO LDcti ASHLEY LYKES Sid Ski BRINTON LYKES Sid LESLE LYKES 1/3
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      Page 18 Advertisements Column 1
      871 18 K LINE KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA Earter leeder veiiete aho avaiable on request aho acceptable to Oakland Vancouver Portland Houston. Galveston New (Weans Boston St Mn PWadeplma Norto* Baltmore Savannah lacksonvfle TO EUROPE Spore PKelang I Havre Rdaro Hburg Bremen A werp SS BROCE
      871 words
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      Page 18 Advertisements Column 2
      639 18 we CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Ua«n( loi LOS ANGEUS SAN FRANCISCO SEAUIE lACOMA VANCOUVER BC Acreptng FCI FCI Conlaewrs AUSTRALIA EXPRESS CONTAINER SERVICE Acceptng FCL FCI Contaawrs NEW ZEALAND SERVICE «<f (Mm itttuion ikumgiqn nocmue Ac«*Mt FCI FCI Cxlxm Penang P Kelang JAPAN SERVICE *dng I* M»f
      639 words
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      Page 18 Advertisements Column 3
      550 18 3 A(«r»u|) SINGAPORE SHIPPING AGENCIES PTE. LTD 20TH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LINESI GENERAL *****1 114 LINES > TERMINAL OFFICE *****83 TELEX R*****5 RS ***** A/B CARSHIP CABLE CARGOSHIP irrrriiTll l^«|ioiial IL iilM l Container Lines WEEKLY CONTAINER SERVICE to/from BANGKOK STOW (KMI *Pt ?6 Ifb
      550 words
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      Page 18 Advertisements Column 4
      700 18 "KORINS MARITIME SERVICES Room 601. ICB Building, Shenton Way. Singapore Tel *****22 *****67 MIOOLE EAST/RID SEA/EUROPE SERVICES P KELANG 7kb> LOAOMG FOR; MM/Mm/M *<(I*l I iHHu f *ccepM« up tm I S\*l ICk LIPMtS memoor Ol the Si"** Group 0< Compaw I \EPSt't!l •HOMfcCEA A;*,AN hum,hOV, '0 s V,AfW Inchon
      700 words
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      Page 18 Advertisements Column 5
      614 18 INTRASEA (PTE) LTD. Faber House 234E Orchard Ro*d Singapore 9 Telephone *****11/2 ***** 7 Si JTOAASIA &IVK regular fooncor service to europe S'pote P Ketanj P«»a«» loadmf t<* BENNEVtS WBIO3 S Ma* 2 March BOULOGME/RDAM UK(AVON) •must* (PTE) LTD 2352*11 >001* *****57 TEO SHTPMC TtADMG 00(44. 4*0742 410(71 MTER OVERSEAS
      614 words
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      Page 19 Advertisements Column 1
      674 19 NEPTUNE ORIENT LINES LTD EAST/EUROPE FULLY CONTAINERISED SERVICE 4 memße' ot the ACE Corsjrti FAR TO EUROPE/UK (VIA SUEZ): $Ipore S.S. BRDGE 30* In Port N. GARNET 4N 1/3 K. CHANCE 2N 6/3 C. PMJL 26W 13/3 TW BRDGE 5N 19/3 C. ROZE 24W 24/3 K. JACEWON 12* 129/3 Containers
      674 words
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      Page 19 Advertisements Column 2
      365 19 MALDIVE LINES ETA ETA ETA SPORE KUANTAN PORT KELANG MALDIVE NEKfiOUR Sailed Loading For Dubai/Dammam/ Kuwait MALDIVE PEACE 2/3 5/3 Loading for Bahrein/Kuwait MALDIVE MAGE 27/2 Loading for Kuwait MALDIVE PIONEER 26/2 Loading For Jeddah MALDIVE NPORTER 28/2 Loading For Male MALDIVE PROGRESS In Port 25/2 Loading For Muscat/ Khorffakan/Dubai/Abu
      365 words
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      Page 19 Advertisements Column 3
      156 19 NOTICE Eh I M.V. KOWLOON VOYAGER arrived 19.2.81 at PSA GO DOWN a» General survey on damaged cargo discharged ex the above vessel win be held on Friday 27th February 1981 as from 9.00 a.m. to 12 noon No further survey will be held after this date STRONG WILL ENTERPRISE
      156 words
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      Page 20 Advertisements Column 1
      355 20 A ANTOLL LINES ka DIRECT BLs TO BRISBANE SYDNEY, MELBOURNE (GEELONG). ADELAIDE Independent FCL Container Conventional Liner Service SINGAPORE L N SHIPPING PTE LTD 1401 5, Robna House, Shenton Ha» Srtjaoort 0106 Tli RS ***** Tel *****11 Bk;s *****4 3 *****23 #EST MALAYSIA HSH lMiSdrßhd KL Tel *****3 *****7 Pt
      355 words
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      Page 20 Advertisements Column 2
      417 20 i I PRACHT LW (MALAYSIA) Pracht SDN. BHD. REGULAR INDEPENDENT CONSOLIDATION TO THE I FOLLOWING PORTS:VESSELS ETA PORT KELANG LOADING FOn 2/3, 13/3, 17/3, 31/3, 15/4 Colombo, Bomboy, Kofochi 3/3, 8/3, 11/3, 19/3 Hong-Kong, Toiwon, Manila 22/3, 28/3, 4/4 Jakarta, Tokyo, Yokohama, Kobe 25/2, 27/2, 2/3, 7/3, 8/3, 14/3, 20/3,
      417 words
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      Page 20 Advertisements Column 3
      346 20 PERK APALAN LAUTAN BIRU SDN. BHD. P OJBox 220. kola krubdki S4bih ttCULAM UNEI SERVICE Sabah Wiwik Bangkok Port keUng Vessels Penang P Klang S'pore Loading tor LAUTAN LMA 23 Feb 20 Feb Kudat, KK LAUTAN RAM LAUTAN ENAM LAUTAN TIGA 25 Feb 2S Feb 7 IHar 13 Mar KK.
      346 words
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      Page 20 Advertisements Column 4
      422 20 THAI YANG SHIPPING CO. SDN. BHD. Vn N> P (Mm ftiilaifcii •H». TNMTMB WOT 2/11 hp* IM •MV. TMITME WT 3/tl 14/15 N» M MICHOONYMC HOY 1/11 5/1 kU kk./M NAM HUA SHIPPJNG SDN BHD IM SM NAM HUA NO 3 1/11 liar BM* WV SK NAM HUA NO 3
      422 words
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      Page 20 Advertisements Column 5
      397 20 s] P OCEAN LINES REGULAR NON CONFERENCE SERVICES MEDITERRANEAN SEA SERVICE (Also accepting carpi lor Riieta Bourgas Constarua subject to inducement) Spore PHetang Penang Loadm tor OCEAN MMOND V low Omit ftrt Said/Ateiandru/LmusMl Pfraew/Banit/lattakii/ OCEAN ACE NI3NB 7 Apr OWNED VESSELS HIS SAGASIA PTE LTDIMIL Jl (LOUIS DREYFUS GROUP Of
      397 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      157 20 Regional Weather <?> SI s > W A wi t o a* I v~ r A ti 2* 02 0/ J SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JOA.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather >-✓ Wind direction with speed in knots V cv Wave height Cloudy Sky
      157 words