The Business Times, 16 April 1981

Microfilm: NL11000
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 THURSDAY, APRIL 16, 1981 60 CENTS
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  • BRIEFLY...
    • Article
      Intraco signs agreement
      68 1 A trade co-operation agreement was signed yesterday between Intraco and the Foreign Trade Corporation of Fujian province. This is the second agreement signed between Intraco and a provincial trading authority in China. In January, Intraco signed a similar agreement with Guangdong's Foreign Trade Bureau. Intraco envisages increased
      68 words
    • Article
      Lock icon Peaceful settlement
      73 1 Reuter KUALA LUMPUR, Wed. Malaysia will try to settle disputes with its neighbours over its claim on islands and reefs through peaceful bilateral negotiations. The deputy minister in the Prime Minister s department, Datuk Abdullah Abdul Rahman said today that the claim, arising out of Malaysia's new "map
      Reuter  -  73 words
    • Article
      Lock icon Inflation eases
      74 1 Reuter PARIS, Wed. Inflation in the non-communist industrialised world eased slightly in February because of a slower rise in food prices. The Organisation for Economic Co-operation and Development (Oecd), said today that prices in the 24-nation group rose 0.9 per cent in February after a 1.1 per cent
      Reuter  -  74 words
    • Article
      Lock icon Decision put off
      74 1 UPI TOKYO, Wed. Japan, the United States and West Germany have put off a decision on the fate of a major synthetic fuel project designed to turn coal into liquid fuel. The three governments wound up an inconclusive two-day meeting here today with a sole agreement to
      UPI  -  74 words
    • Article
      Lock icon Bod start for Thatcher
      58 1 Reuter NEW DELHI, Wed. Communist students staged two demonstrations and opposition members charged Britain with racial discrimination after British Prime Minister Margaret Thatcher arrived here today for a five-day official visit. Within hours of her arrival, Mrs Thatcher began a first round of talks with Indian
      Reuter  -  58 words
    • Article
      KL unmoved
      55 1 KUALA LUMPUR, Wed. Russian Vice-Foreign Minister Nikolai Firubin failed today to persuade Malaysia to support peace talks between Vietnam and the Association of South-east Asian Nations. Officials said Malaysian Foreign Minister Tengku Ahmed Rithauddeen, in talks with Mr Firubin, rejected the idea saying Asean is not a party
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    • Article
      Lock icon Muldoon in Japan
      85 1 Reuter TOKYO, Wed. New Zealand Prime Minister Robert Muldoon arrived here today at the start of a six-day visit and immediately plunged into talks with Japanese leaders. His first meetings were with Ichiro Nakagawa, Minister of Science and Technology, and Yasuhiro Nakasone, a cabinet minister who heads
      Reuter  -  85 words
  • Chief Price Changes
    • Article
      SINGAPORE
      135 1 Falls Indices Leon; Hatt 430 -200 Apr 14 Apr 15 Dah Yung 296 -60 B.T.Indicator: *****.*****58.07 M Cement 850 -50 Industrials: 812.39 821.30 Kii(i K L Industries Island 6 Pen 500 540 805 -50 -35 -30 Finance: Hotels: 1636.37 1634.59 1306.19 1300.34 A P I 348 -30 Properties. 804.13
      135 words
    • Article, Illustration
      KUALA LUMPUR
      153 1 Falls Indices Pac Dev 585 -65 Apr 14 Apr 15 A Choc 300 -34 B.T.Index. *****7.02 *****6.24 M Text 665 -30 Industrials: 1043.67 1040.34 C Sugars 1120 -30 Finance: 1586.79 1575.18 Kg Lanjut 720 -30 Hotels: 497.24 4S7.00 KL Ind 590 —25 Properties: 1064.32 1060.39 Mega Toshiba 390
      153 words
  • Article
    Marine industry stays buoyant
    642 1  -  RECORD REVENUE OF $1.9 BILLION By LINDA CHEE SINGAPORE'S marine industry turned in a spectacular performance last year as buoyant market conditions hoisted total revenue to an all-time high of $1.9 billion. For the second successive year, all three sectors of the industry shiprepairing, oil rig
    642 words
  • Article
    Perak Carbide plans acquisition
    254 1 PERAK Carbide yesterday proposed its biggest acquisition so far. In a letter to the Kuala Lumpur Stock Exchange, Perak Carbide disclosed that it proposes to acquire the entire paid-up capital of Insajaya in exchange for new Perak Carbide shares worth $32 million. Insajaya owns about 11
    254 words
  • Article
    ECICS' fixed rate scheme suspended
    590 1  -  By CHRIS LIM THE fixed rate export finance scheme offered to exporters by the Export Credit Insurance Corporation of Singapore (ECICS) has been in abeyance for the past two months. This follows the report in Business Times earlier this week that oil rigs were no
    590 words
  • Article
    Metal Box (S) rights issue
    382 1 ANOTHER $15.4 million will be tapped from the stock market by way of a rights issue from Metal Box (Singapore) Ltd. The company yesterday announced the proposal of a three-for-ten rights issue at $2.50 a share, raising its issued share capital to $26.65 million from
    382 words
  • Article
    Caught on wrong foot at the stock market
    253 1 SPECULATORS fsand themselves cnaght su the wrsag fsst At the Singapore stock exchange yesterday as lewer-grade issues faltered. Par the first time la mare thaa a week's tradlag, high fliers sach as Lesag Hsat, Tsag Meag, Amesi aad Allied Chaealate were aeglectod
    253 words
  • Article
    Key roles for Pakshong in two corporations
    481 1  -  By CATHERINE ONG THREE months of keen speculation has ended. Michael Wong Pakshong will stay in Singapore and will play prominent roles in two major corporations listed on the Stock Exchange of Singapore. The ex-managing director of the Monetary Authority of Singapore has
    481 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      13 1 W T~* sjv.Mr*} business FOR i PEOPLE WHO MATTER Times Period tats Publication
      13 words
    • Advertisement
      Page 1 Advertisements Column 2
      159 1 NO MYSTIQUE in this INVESTMENT A Good Oriental Carpet has a Charisma, which derives from an Aesthetic fusion of Design, Artistry, Technical Construction, Durability, Symbolism, History and Age The better the Carpet, the more powerful the Charisma Moreover, additional factors come into play: Rarity, Intellectual Clarity and Condition We have
      159 words
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      Page 1 Advertisements Column 3
      72 1 UiMDa. SHIPPING TIMES SUPPLY exceeds demand on world oil market 2 FASC seeks changes to FEFC contract 5 ASIANS pour millions of dollars into Sydney property market i US antitrust regulations: laws without boundaries 1 NEW on-line system lor Citibank branches US dollar will still be used as currency for
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    • Advertisement
      Page 1 Advertisements Column 4
      120 1 the one and only Dr. Sony any day of the year *****1 The Sony Service Centre We take that load off your shoulders Sales the lifeblood business. Are your storage and distribution problems hindering your efforts to concentrate on sales? We can do something for you You want to cut
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  • Untitled
    • Article
      Lock icon Supply of oil on world market exceeds demand
      541 2 AFP MUCH to the dismay of oilexporting countries, supply is exceeding demand on the world oil market by about 2.5 million barrels a day, or 125 million tons a year. The countries with more expensive oil such as Libya, Nigeria and Algeria
      AFP  -  541 words
    • Article, Illustration
      Lock icon A NEW ERA IN SPACE TRAVEL
      376 2 Reuter THE SUCCESSFUL maiden flight of the US space shuttle Columbia has proved that winged space-craft can put men into space and return them safely to earth with the ease of an airliner. "We have given this country ooe marvellous technological capability," astronaut Robert
      Reuter; Source: AP photo  -  376 words
    • Article
      Lock icon US dashes hopes for early Sea Law Treaty
      216 2 UPI THE UNITED STATES dashed hopes for an early International Sea Law Treaty on Tuesday with a statement that it would not define its final position until autumn. US delegate Bernard Oxman told the UN Conference on the Law of the Sea
      UPI  -  216 words
    • Article
      Lock icon Soviet shadow over Poland will hinder arms talks
      379 2 NYT UPI TALKS on the control of nuclear arms in Europe will come to nothing as long as the Russians are threatening, directly or indirectly, to intervene in Poland, said US Defence Secretary Caspar Weinberger on Tuesday. Mr Weinberger said that despite
      NYT; UPI  -  379 words
    • Article
      Lock icon Soviet Union calls for cooperation
      323 2 Reuter SOVIET Prime Minister Nikolai Tikhonov held out prospects for broader political and economic ties with West Germany in a message issued on Tuesday urging joint efforts by the two countries to safeguard detente. Moscow and Bonn, with experience of working together in all fields,
      Reuter  -  323 words
    • Article
      Lock icon Airline loans approved despite alleged kickbacks
      274 2 Reuter THE US Export-Import Bank gave final approval on Tuesday to loans and guarantees of nearly US$4OO million to airlines in Australia and Israel which had prompted questions in Congress about possible kickbacks and hidden rebates. The loans are for the purchase of Boeing
      Reuter  -  274 words
    • WORLD IN BRIEF
      • Article
        BREZHNEV'S PLEA
        356 2 RUSSIAN leader Leonid Brezhnev has urged Western countries to settle thorny world issues through negotiation. "There is no other way than negotiation to solve international problems, to guarantee peace and to consolidate the principle of peaceful co-existence in relations between states," he said in a message to a
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      230 2 Rickis an accountant, but he's only just discovered adding one and one gives nim more X t\ T ■c W -V*» .v"*, J □BS Autosave. BDBS Rick found a cheque book was very useful to buy things when he wasn't carrying sufficient cash. It was also a very convenient way
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    • Advertisement
      Page 2 Advertisements Column 2
      63 2 ALLY Macv tn S*nv:<ariao4 New Arrival < m s •jte > Another winner from BALLY of Switzerland newest collection of leisure shoes for men Soft rich suede with ultra light weight sole Available tn Brown Camel. Navy. Grey and Taupe Suede in sizes from 6—12 Opens On Sunday EURO SHOE
      63 words
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  • REGIONAL
    • Article
      Lock icon Vietnam will withdraw if China signs treaty
      439 3 UPI VIETNAM will withdraw its troops from Kampuchea "tomorrow" if China would agree to a non-aggression pact with the Indochinese countries, Vietnamese Foreign Minister Nguyen Co Thach told a delegation of American visitors. He also pressed for normalisation of relations with the United
      UPI  -  439 words
    • Article
      Lock icon Military occupation threatens peace in South-east Asia
      209 3 Reuter MALAYSIAN Foreign Minister Tengku Ahmad Rithaudeen told visiting Soviet Vice Foreign Minister Nilolai Firubin that foreign military intervention and continued occupation of Kampuchea had threatened peace and stability in the region. In a speech during a banquet on Tuesday held for Mr
      Reuter  -  209 words
    • THE REGION IN BRIEF
      • Article
        Lock icon MESSAGE OF REGRET
        325 3 Agencies PRESIDENT Ronald Reagan has sent Japanese leaders a personal message of regret over the sinking of a Japanese freighter as a result of a collision with an American submarine. The message promised a full investigation of the collision and attempts by the submarine to save survivors.
        Agencies  -  325 words
    • Article
      Shippers unhappy with contract
      639 3 THE Federation of Asean Shippers Council (FASC) has given notice to the Far East Freight Conference (FEFC) that it intends to seek modifications on the lopsided westbound general cargo contract. The FASC, which will hold a two-day meeting in Jakarta in June, will discuss the line
      639 words
    • Article
      Malaysia's exports to US may lose duty-free status
      418 3 MALAYSIA may find more of its exports to the US becoming ineligible for duty-free entry in the future. Counsellor for economic and commercial affairs at the US Embassy in Kuala Lumpur, M Bruce Hirshorn said that Malaysia was "right behind" five top
      418 words
    • Article
      Lock icon Marcos' offer rejected
      145 3 UPI PHILIPPINE President Marcos' compromise offer for an extended campaign period failed to quell threats to boycott the first presidential election in 12 years. Mr Marcos presided over a two-hour caucus of the ruling New Society Movement (KBL) on Tuesday which moved to postpone election day from
      UPI  -  145 words
    • Article
      Lock icon Tighter control over deals at Canton Fair
      244 3 AFP THE NINTH Chinese Export Commodities Fair opened at the Canton Foreign Trade Centre yesterday with a new look, completely different from yesteryears. Gone are the former "cutthroat" competition among the Chinese provincial corporations vying for deals with foreign customers and transactions outside
      AFP  -  244 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      814 3 ARRIVALS Service Local Operator Number Time From SIA SW41 0140 MAA MAS MH680 0645 KCH SIA SQIOI 0815 KUL MAS MH811 0815 PEN MAS MH603 0830 KUL RBA BI421 0930 BWN MAS MH671 1000 PEN KUL SIA SQ201 1000 HLP CPA CX710 1005 HLP G1A GA850 1030
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      46 3 Now! Experience DC'IO comfort to 4 Times Daily 'Through Flights to Bali 'Daily' SINGAPORE to MEDAN Departure: 1130 Arrival: 1220 Wisma Indonesia. Orchard Road S pore 0923 Tel: *****44 (5 lines) *****93 *****75 garada ■•Indonesian arwavs The National Airline of Indonesia •0011" ■II I* ybm m
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    • Advertisement
      Page 3 Advertisements Column 2
      99 3 FREE FLOW OF INFO YOUR PROBLEMS: Your staff are using up too much time moving from one to another, seeking and giving information in the course of work You'd like them to continue talking with one another but wish to reduce the human traffic. SOLUTION: Let them talk on the
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  • RAW MATERIALS
    • Article
      Lock icon New Orleans Comex takes on rice futures
      322 4 Reuter TRADING in milled rice futures has begun on the New Orleans Commodities Exchange (Noce) since April 9. Dealers had hoped to commence rough rice futures trading, but the CFTC took no action and it remained unapproved. The 500 Noce members, who include
      Reuter  -  322 words
    • Article
      SOYBEAN
      172 4 SOYBEAN futures in Chicago on Tuesday closed off 13/<l 3 /< cents a bushel to up three cents in choppy trade. Prices ended near the bottom of a seven cent range. Late local long liquidation following the decline in corn futures forced nearbys lower and pared gains in back
      172 words
    • Article
      WHEAT
      152 4 WHEAT futures in Chicago on Tuesday closed down one cent a bushel to up two. prices settled near the middle of a five cent range in thin dealings. Sympathetic local long liquidation in reaction to the late decline in corn futures forced nearbys for losses and clipped gains in
      152 words
    • Article
      RUBBER
      220 4 IN Singapore, rubber prices yesterday closed slightly lower with May One RSS buyers quoted at 244.00 cents per kilo, down 3.50 cents from Tuesday's close, dealers said. Afternoon prices lost further ground on some selling following easier London opening advices but values improved after the close, however, they added.
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    • Article
      RAS PRICES
      354 4 RAS prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 241.50 242.50N 240.50 241 50N Int. 1 R.S.S. May 246 00 246 50 244.00 245.00 Int. 1 R.S.S. June 250.00 251.00 248 00 249 00 Int.
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    • Article
      SSR and SMR
      122 4 NOON SSR ai vd SMR prices yeeterday RAS May June (Curreat Mth) (Forward Mtfc) Buyers Sailer* Buyer* Sailer* SSR 20 (1-U Ml pallet) 226 00 228 00N m M 230.00N SSR SO (1-U in pallet) 223.00 225 00N 225 00 227 00N H1ILB May June SMR CV
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    • Article
      Straits Tin
      66 4 THE STRAITS tin price in Penang yesterday rose a cent to M 331.41 a kilo, still within the International Tin Agreement's middle range price ol SM.ei to $32.74, dealers said. The fractional rise was attributed lower disposals of tin and further baying support from all sources. Total turnover
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    • Article
      CLOSING PRICES
      34 4 Rubber: April 15 Singapore: May: 244.00 cents (down 3.50 cents) Malaysia: May: 264.50 cents (down 4.50 cents) Tin: M 530.41 per kilo (up one cent) Official offering: 150.381 tonnes (down 20.749 tonnes)
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    • Article
      Lock icon Indian trade seeks export permit
      79 4 Reuter INDIAN exporters of groundnut extractions have asked the Indian government to permit exports of 500,000 tonnes in the 1981-82 financial year, up from 450,000 tonnes in the previous year, a private trade official said. But no communication on the request has yet been received
      Reuter  -  79 words
    • Article
      Lock icon CHINESE IMPORTS
      38 4 Reuter TOTAL imports of wheat and coarse grains by China in 1900/81 year (July-June) are projected at 15.0 million tonnes, unchanged from last month's estimate, the US Agriculture Department said in its world grain circular. Reuter
      Reuter  -  38 words
    • Article
      Produce exchange
      188 4 CHINESE Produce Knchange, Singapore, noon closing prices per IMkg yesterday. (oconut oil: Bulk fob $115 00 sellers, old drum (in second hand drum) fob $12« 00 sellers, new drum fob $134.00 sellers. (opra: Mixed (loose) $62 00 buyers. Pepper: Muntok white pepper fob Asia NLW $412 50 sellers.
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    • Article
      TEXTILES
      194 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cotton yam: China Blue Phoenix 20s 2,270 32s 2,835, 40s 3,030 (per bale of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      194 words
    • Article
      RICE
      330 4 SINGAPORE: Yesterday's closing prices in S5 per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.06. 100 per cent third class 1.06, 25 per cent new crop no stock. B-10 per cent no stock. THAI BROKEN: A-super 0.80, Special
      330 words
    • Article
      LONDON MARKETS
      874 4 COFFEE: Robusta futures yesterday ended a very quiet morning £4 to £6 a tonne higher with prices steadied by slightly easier sterling against the dollar in an otherwise featureless market, dealers said. There was a notable absence of trade interest in the market while prices fluctuated in a
      874 words
    • Article
      PALM OIL
      117 4 THE Kuala Lumpur market yesterday closed quietly mixed, dealers said. In April the southern region rose Mslo to $965 a tonne while in June it eased $2.50 to $920. May was traded at $927.50 ex-mill in the south. The refined market were featureless on lack of overseas interest.
      117 words
  • ASIAN STOCKS
    • Article
      Share prices fall sharply
      529 4 TOKYO SHARE prices yesterday fell sharply under the pressure of profit-taking prompted by tighter trading curbs on margin transactions from yesterday, dealers said. The market average dropped 53.68 to 7,461.20 in active trading, with volume 700 million shares. The Tokyo Stock Exchange index lost 2.75 to
      529 words
    • Article
      Hongkong
      281 4 THE market yesterday was firm as volume continued to drop. Sellers were scarce at these levels and speculative interests remained mostly on the side-lines. Hutchinson performed well, adding 40 cents to $14.60. Hang Seng Index. 1338 89 Turnover HKJIH 56 million S—ff»: SHk See. APR 15 HKS A ma.J
      281 words
    • Article
      Sydney
      217 4 APR 15 Genu INDUSTRIALS A C I. 305 •3 A N I 370 -2 A P M 230 unch Ampol 190 unch B. H. P. 1415 unch Bank NSW no 15 Borei Brunblei 306 •a C B A 356 unch C. s. R TO unch Coal Allied 1310 -40
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    • Article
      Bangkok
      234 4 THE stock market yesterday closed slightly lower in slow trading, dealers said. Bank of Asia and First Trust fell one baht each to 121 and 62.50 respectively while Saha Union closed unchanged at 177 and Mah Boonkrong Drying and Silo rose two to 179. APR 15 Bahts Asia Credit
      234 words
    • Article
      Manila
      132 4 THE market yesterday closed mixed as the commercial and industrial sector eased, brokers said Among gainers were Lepanto B, Philex B, Phil Overseas. Ist Phil Holdings and PLDT, while the rest were either unchanged or untraded. APR IS Pesos Aco)» VImini 008 unch Atlas Coo A Atlas Coo. B.
      132 words
    • Article
      Selected indices
      51 4 FINANCIAL TIMES INDUSTRIALS Tuesday 548.8 Monday 546.6 Week Ago 525.8 DOW JONES AVERAGE INDUSTRIALS Tuesday 889.10 Monday 993.16 Week Ago 992 89 H.K.HANG SENG Wednesday 1338.89 Tuesday 1332.81 Week Ago 1347.11 AUSTRALIAN INDUSTRIALS Wednesday 749.9 Tuesday 747.1 Week Ago 742.3 ALL ORDINARIES Wednesday 717.8 Tuesday 718.1 Week Ago
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      98 4 Two names dedicated to the Art of Time. Watches of Switzerland House of the finest collection of Swiss timepieces dedicated in their service to bring to you the most exquisite creations of time. Makers of the first Swiss wrist-watch, dedicated in their tradition to perfection in craftsmanship and design of
      98 words
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  • TRADE AND INDUSTRY
    • Article
      Alternative sources of energy for Asean
      501 5  -  By JUNE LIM ASEAN countries should seriously consider using coal and nuclear power to generate electricity. Since coal and nuclear power stations have to be located well away from population centres, the Minister for Foreign Affairs, Mr S Dhanabalan, ruled out these options for
      501 words
    • Article, Illustration
      BUSINESSMEN HOTEL
      278 5 SINGAPORE'S first businessmen hotel is likely to be built within the multi-mil-lion dollar international petroleum complex in Jurong. The hotel, which will also cater for industrialists and bankers, will be one of several supporting services proposed for the commercial-cum-engineer-ing complex. Other facilities include banking, computer, off-shore technology, engineering
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    • Article
      PEOPLE IN BUSINESS
      137 5 THE IRISH Export Board has appointed Mr Fergus Healy Irish Trade Representative of Singapore. Mr Healy is managing director of Hanseatic Services in Singapore and honorary vice-consul in the commercial section of the Irish Consulate-General. He is also correspondent for Southeast Asia of DEVCO, the coordinating body
      137 words
    • Article
      KL sawmillers hail cut in export quota
      369 5 MALAYSIAN plywood manufacturers and sawmillers have welcomed the Ministry of Primary Industries' move to cut the export quota for unbanned sawlogs from Peninsular Malaysia to 1.5 per cent of total log production this year. The chairman of the Malaysian Plywood Manufacturers' Association (MPMA),
      369 words
    • Article
      Resettled squatters to be paid more
      230 5 THE Government has increased the amount of compensation paid to people affected by resettlement schemes. The Minister for National Development, Mr Teh Cheang Wan, yesterday said the resettlement compensation for squatters will be increased by 30 per cent from March 23. The disturbance and
      230 words
    • Article
      Sisir course
      62 5 THE SINGAPORE Institute of Standards and Industrial Research (Sisir) will conduct an in-depth training course on Quality assurance engineering and manage• ment from May 25 to July 1 at the Ming Crystal Room of Ming Court Hotel. The course leader is Professor Stanford Thayer, Professor of Mechanical Engineering
      62 words
    • Article
      Unnecessary delay in wage talks
      521 5  -  By RICHARD SEAH INDUSTRIAL unions and management in Singapore tend to drag collective agreement negotiations instead of trying to conclude them as speedily as possible. This results in excessive backdating of collective agreements and diminishes their effectiveness. Moreover, it defeats the purpose of collective agreements,
      521 words
    • Article
      Flights resumed
      123 5 ALL Nippon Airways, one of three major airlines in Japan, has resumed charter flights to Singapore after a seven-year lapse. ANA's first charter flight to Singapore since 1974 landed yesterday morning with 130 tourists, including K Michigami, general manager of the airline company's Osaka branch. The ANA charter
      123 words
    • Article, Illustration
      Leighton sets up subsidiary here
      163 5 LEIGHTON Holdings, an Australian engineering and construction company, has set up a subsidiary company in Singapore. Patrick Pacey, general manager of Leighton Constructors (Singapore), said: "We did a survey of the market here over the last 12 months and we feel that now is the
      163 words
  • Page 5 Advertisements
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  • Article
    Exporters need this scheme
    388 6 HIGH AND fluctuating interest rates are the prime constituents of the recurring nightmare that affects both exporters and bankers. Exporters like to know their long term cost commitments, while bankers tend to shy away from lending long at fixed rates for fear of being caught by
    388 words
  • Article
    Wasteful to fight pointless battles
    251 6 THE SPOTLIGHT of national interest and effort has recently been turned onto labourmanagement relations, and with good reason, judging by the Industrial Arbitration Court's annual report. Labour-management relations extend, or should extend, well beyond the biennial or triennial collective agreement negotiations, but it is this
    251 words
  • Article, Illustration
    The Asian property investor in Sydney
    2193 6  -  FLORENCE CHONG asked a number of estate agents in Sydney to recount their experiences with the Asian property investor. Here are some of their stories. FLORENCE CHONG A HONGKONG millionaire will fly into Sydney later this month with a budget of As 6 million
    2,193 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      651 6 -IN-ONE CROSSWORD U CRYPTIC PUZZLE ACROSS 1 Is it made from goat's milk? (6) 7 Tour side possibly viewed with disfavour (8) 8 Is she doubly maternal? (4) 10 Draw ahead of a fierce creature (6) 11 Colourful drink 14 Cheeky number at the piano (3) 16 The chances of
      651 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      29 6 BliStcW ilteitfcDictens SIGHf on "TH(L u)p\Y— mr/ £fc/KTv-*ER£D F«&eND HftS DePp>RTeD FcR sonny cumes. OFFiCCL OMO? OF VuOO^LD ViPFEe' sorrneis on De u*vy De. &RO fw fepcx/ wo oe
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    • Miscellaneous
      Page 6 Miscellaneous Column 3
      615 6 K Mutiny on the Bounty IN PLACE sf ike uul Tharsday Eatertaiameat Special, we have a pre hsBday dm vie teaight which prabaMy mean there la nethlag special aheat It. Mmttay m the B—ty, a remake af the 1134 dim, traces 18th eeatary high seas revelt aa heard the British
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  • Article, Illustration
    Lock icon Effects of America's anti-trust rulings
    1697 7  -  LAW WITHOUT BOUNDARIES America's anti-trust laws are often bitterly criticised by foreign governments and interests, which want the US to restrict its own laws to its own territories. But it seems that the Reagan Administration may at least take a more "laid back" approach to
    FT  -  1,697 words
  • Article, Illustration
    Lock icon Safeguarding those precious Saudi oilfields
    609 7  -  By PAUL EEDLE Reuter SAUDI ARABIA'S main oil port, on a finger of white sand jutting into the sparkling blue water of the Gulf, is the focal point of oilfields crucial to the noncommunist world. But the oilfields are vulnerable. A eries of upheavals including
    Reuter  -  609 words
  • Article
    Single issue viewing
    802 7  -  FORUM with WILLIAM SAFIRE AT THE ANNUAL conclave of advertising agencies, the presidents of the three commercial television networks waxed righteously indignant on a single theme: sinister forces claiming to represent morality were organising economic boycotts to frighten advertisers from controversial programming, and were thus imposing censorship
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  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      243 7 Atlanta, the Southern Gateway Business Class Extras KIM has added a 6th US gateway to its network: Atlanta. Not only is Atlanta the still growing economic, financial and commercial centre of the South Eastern part of the USA it is also the ideal gateway to no less than 18 cities
      243 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        185 8 APR 14 Fte ABM ai oo -2 Ahold 75.50 *05 A*so a to -01 AJ4KV #130 -0.2 Anlw 100.50 4-0.2 Amrobn* 56.00 unch 42 -03 2ST" S.00B 46.50 Boa 56-20 -06 BonumlJ 217.00 unch Burhmann 00 JO -OJ CaJ&nd 34 40 -as Oklv* Delft 196.50 -15 D»U Ml) Knnla
        185 words
      • Article
        Paris
        275 8 APR 14 FT* CORBEILLE Air-Liquid* 464 -t B S N Germs Danone 1040 •is CSF (ThomsonCat) 363 -4 Clc rrancalse de« Petrole* 216 -4 Compagnle Financier* Compagnle Oenerale 401 1 Credit Foncler De France 366.10 -0# Hachette (Llbralrle) 331.60 0J Machine* Bull S6J0 -01 Mlchelln (B) in 2 Pari
        275 words
      • Article
        Frankfurt
        214 8 APR 14 Dm Aet-Telefunken 00 50 -2 Akio »40 unch Alls Leben iooo oo 5 Alls Vers 471.50 15 BASF 130-30 -15 Bay H T Wbank 199 00 -3 Bay Vbank 283 10 -1.7 Bajtr 125 JO -0.7 iir 385.50 BMW moo 25 Caaaella ***** -10 Chem Verw 247
        214 words
      • Article
        Brussels
        93 8 APR 14 Fr» FORWARD MARKET AC«C 2&k +f Arbed 13)0 -18 Astur 418 4-8 Brucui 1066 52 Bru Ljunb 1006 4-4 Canptc 1525 25 Cock 173 De B«*n 303 .3 Ebes 1640 Kiectxobtl 2906 -80 Ob-Inno-Bm 3000 75 O** 1338 .2 Hotook 9rm unch Petro 4490 •120 Ryl Dutch
        93 words
      • Article
        Zurich
        182 8 APR 14 rranc* Action* Sulaic* Alusulaae Br Aluaulae Rm Brown Bovcn Br. Clba Oelfy Br. Clba Oder P C Clba Oelfj R*C Credit Sulaae Br Credit Suiat Ref Elektrovmtt Br Oeorfe Plecher Br Otobu* Pc Hero Br. Hoffman la Roche 1/10Hoiderbant Br Inter food Br. Jelmoll Br Motor-Columbu* Neetie
        182 words
      • Article
        Milan
        95 8 APR 14 Lire Anlr *00 -S Aaaoc Oan 1M000 -no Bulofl tu -10 CcntrmJ* B03 SB rut 2300 5 Plnatder M -1 Oen lmmob an -1# IF1 Prt TTI5 ♦s It&lcemenu ***** -000 Itelau 1060 -40 lUlaidcr 300 •IS If Pf 1002 MtnUI Ere Med lob Z XSso 960
        95 words
    • Article
      TORONTO
      195 8 APR 14 C Abiubi n uncb Alcan 43* -H 17-1 X* -ft ■k unch 1*% *ft tf-> -ft -H S»ft -ft n -ft Mfotna Bank Mont Bank Norm ScoUa Brll Trl Beth Corp BP Can Ltd Braacmn Camp Rad L*k« Cm imp Bfc ■ft -ft Bft -ft •ft -Jft
      195 words
    • Article
      JOHANNESBURG
      279 8 APR 1« Rand INDUSTRIALS A Alpha 446 unch Abercom 386 -5 AE And CI MO unch AMIC MOO unch Btrlon IMS ♦s Ct Sunr 1800 unch Hii 560 4-10 Currte Finance 235 De Been Ind 20OQB unch Kdcon aw unch K/Inn TKOB I II ZZ MO unch PUflt 190
      279 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      676 8 ]`'<&@\=.?<}+?_:`<,_|`_,$>&>;>{ "The American Express Card serves you well, wherever good food is served". Inn Of Happiness Dine Dine Cantonese style. Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For
      676 words
    • Advertisement
      Page 8 Advertisements Column 2
      178 8 > A 1 The Dragon Palace Restaurant is where you can dine in regal splendour and dance to the mellow sounds of yesteryear with "The Zodiac" Spacious enough to accommodate 450 peopte in comfort. Dragon Palace Restaurant also caters to the cosy twosome 1 u wocKpn were Oxley Rise/Penang Road,
      178 words
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  • BANKING AND FINANCE
    • Article
      GOLD
      110 9 SINGAPORE gold prices yesterday closed little changed compared with overnight levels in featureless trading, dealers said. Prompt closed at US$4Bl/ 484 an ounce against 480.50/ 484.00 on Wednesday, June at 493.50 494.50 against 493/ 494 and August at 506 508 against 50? 508. Retail prices as quoted by the
      110 words
    • Article
      Silver quotes
      37 9 T»e» Mm New York 11.SOB 11 16B 11.50S 11.36S Zurich 11.15B 10 SOB 11.35S 11.00S We4 Tvf Singapore 11 20B 11.05B 11.40S 11.35S Closing prices in US dollars a troy ounce Source: Credit Suisse, S'pore
      37 words
    • Article
      Treasury bill tender
      56 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of a) $120 million 91-day Treasury bills to be issued from Apr 20 to Apr 14 and b)s3o million 182-day Treasury bills to be issued on Apr 20. Each tender must
      56 words
    • Article
      PLR
      22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 13.23 per cent.
      22 words
    • Article
      ASIAN $
      188 9 ASIAN ASIAN currency deposit interbank rates as at close on Apr 15. US DolUrs(Spot) Offer Bid 7 days 15*« 15M 1 month 16W 16 2 months 16 3/10 161/16 3 months 18 5/16 163/16 6 months 16 5/16 16 3/16 9 months 15*4 15M 12 months 1511/16 15 9/16 SwFw.
      188 words
    • Article
      Discount
      47 9 RANGE oI prices offered by discount bouses on Apr 15: Overnight: to 6V«% Call deposits: 6% to 1V,% Clotinf Bayiaf Sellutf 3-month Treasury bills 6V4 6H 3-month Bank bills 911/16 9 9/10 3 months CD 9H 9Mi S months CD 101/16 915/10 Source: National Discount Company
      47 words
    • Article
      HONGKONG
      69 9 THE US dollar yesterday was steady against other major currencies in late trading, after recovering from a slight early fall. Banknote rates yesterday: US 5.33 5 35 UK 11.50 11.TO Burma 1.20 1.50 India 5 70 5.90 Indonesia 0.75 0.85 Japan 2.475 2.485 Korea 0.72 0.82 Philippines 0 665
      69 words
    • Article
      Singapore market
      473 9 THE US dollar strengthened against major currencies in the local market yesterday, mainly caused by higher US interest rates. Trading was described as "dead" in the morning, but picked up with the entry of European markets. The dollar opened at 2.1665/75 against the mark and strengthened in the
      473 words
    • Article
      TOKYO
      132 9 THE dollar for overnight delivery yesterday closed firmer at 216.40 yen, compared with a 215.60 opening, 215.30 40 close in New York overnight and a 215.70 close here on Tuesday, dealers said. Trading volume was an active US$l.OB billion. The dollar moved between 216.15 and 216.40 yen in moderate
      132 words
    • Article
      London
      49 9 Opening quotes yesterday US 2 1706 1718 Can 2 5932 5969 Cross 1 1944 «7 DMk- 4.7150 225 DFI 5 2225 75 S Fr 4 3060 100 B Fr (con) 77 25 35 F Fr 11 1225 375 Ut 2338 75 2343 25 Yen 468 78 469 65
      49 words
    • Article
      Citibank computers
      440 9  -  EXPANSION OF ASIAN NETWORK SYSTEM By ALVIN TAY CITIBANK branches in five Asian countries including Singapore are in the process of implementing a new integrated on-line banking system costing about US$5 million for hardware alone. The countries Japan, Hongkong, the Philippines, Singapore and Malaysia will be "cut over"
      440 words
    • Article
      Yasuda sets up branch office
      369 9  -  By WONG AI KWEI YASUDA Fire A Marine Insurance Co Ltd, the second largest general insurance company in Japan, has opened a branch office in Singapore. The company obtained approval from the Monetary Authority of Singapore to commence general insurance and reinsurance business only last
      369 words
    • Article
      Pica diversifies
      550 9 THE PRIVATE Investment Corporation for Asia (Pica) has changed the character of its principal activities. From its initial role as project evaluator and lender of funds, Pica is now more actively involved in direct equity investment. Such investments take the shape of a minority share of 15 to
      550 words
    • Article
      PLR cut
      46 9 BANK OF Takya aid Baagkek Baak will fewer their prime leading rate* by V* patata ta ISVi per cent tony. Hiagl-j mad Shaaghal BiaHag Carp*» ratiea, a* the ether kaad, has already lawerd Its prime by V* peiata te IV/* per eeat aa Taeaday.
      46 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      476 9 QTatfning garaeri restaurant presents Wednesday Fashion at 1.15 p.m. m Exquisite clothes of SINGAPORE BATIK MANUFACTURERS Make-up MODELLING ARTS STUDIO Tel: *****50/1 Liquor FOOD BEVERAGE PTE. LTD. Complimentary Campari drinks will be served. Orcchlcl Tefc *****49, Ifin *****22 ext 126 214. Dunearn Road, Singapore 1129 lsts(s(s(sS(s(s p Now in Singapore!
      476 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2170 10 RIP 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 (2.528
    2,170 words
  • Article
    Unit trusts
    161 10 SINGAPORE UNIT TRUST OUB-MONTAGU l«) lCBxd (MiUm' prima TV Commerce •"VST 1<) 400 vSSgAmi i tar Apr 1 63xd The MP Fund 2.10 2.21 nroME BOND UNIT S pore Prog Fund S pore Sec. Fund S pore Invest Fund 1.58 1.66 (CWMtp Income Bond 2.47 2.37 2.60 2.41
    161 words
  • Article
    SHARE INFORMATION SERVICE
    2782 10 Gr"» Gr*« Net 1981 Last Div Dir Y'ld P/E Vol Day High Low Company Sale or- Ctt (•OOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 300 320 Acma 336 14.5 2.8 45 157 Alcom 300 12.0 25 4.0 17.0 334 130 Allied Choc 260 -18 4.0N 1.9 15
    2,782 words
  • Article
    In Kuala Lumpur
    1964 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUSrrUALS f (3 588 3 MS) call AJeaa (3 MB 3 30S)
    1,964 words
  • Article, Illustration
    Speculative mood cools off at SES
    749 10 SPECULATIVE fervear enM «0 at the stock exehaage yesterday ud Mae ehlm were agltatlag to make a cemebaek. Prices epeaed firmer la the meratag bat while the Mae cMps held «a, lewerHaers gave way aad began to leae greaad. The Straits Times lad astrial
    749 words
  • Article
    Kuala Lumpur prices lower
    604 10 SHARE prices encountered a tail spin in a broad range of stocks at the Kuala Lumpur Stock Exchange yesterday. Apparently, the easier closing at the Singapore stock exchange had a sobering effect on local market sentiment where opening levels were dealt lower. Even high fliers among
    604 words
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  • COMPANY NEWS
    • Article
      C Sugars reveals thrust abroad
      496 11  -  By THE CITY STAFF CENTRAL Sugars has announced the basic organisational framework for its longer term international plans via its wholly-owned Hongkong subsidiary, Cesuco Trading Ltd. At the same time, Central Sugars also disclosed that Cesuco is acquiring a fivestorey hotel in North Vancouver, in
      496 words
    • Article
      Sales boost for Gold Coin (M)
      434 11 GOLD Coin (Malaysia) Berhad has reported its best ever results for the year ended Dec 31, 1980. thanks largely to increased sales. Despite the 10 per cent dip in the first half earnings to MJ3.17 million, unaudited group pre-tax profits for the full year
      434 words
    • Article
      COMPANY BRIEFS
      525 11 FAR East-Levingston Shipbuilding said the last day for the splitting of its rights issue is May 19. The last day for acceptance, payment and renunciation is June 9. The transfer books and register of members will be closed from May 5 to May 12 to determine shareholders' entitlements
      525 words
    • Article
      Jack Chia sells Hwa Hong shares
      160 11 IN A surprise move, local entrepreneur Jack Chia has sold some 662,000 Hwa Hong shares through one of his subsidiaries. The shares, which were sold in the open market, represent 4.72 per cent of Hwa Hong's share capital. In a brief announcement to the
      160 words
    • Article
      Request from Larut Tin
      131 11 LARUT Tin Fields Bhd yesterday requested a suspension of trading in its shares on the KLSE until further notice. This is in view of the fact that the company is in the process of negotiating several acquisitions. Details of these will be released to the KLSE
      131 words
    • Article
      Ganda plans acquisitions
      103 11 GANDA Holdings is holding exploratory discussions with various parties for the acquisition of certain properties and joint venture projects as part of its policy to broaden its operational base. This was disclosed by Ganda in a reply to a query from the Kuala Lumpur Stock Exchange on
      103 words
    • LATEST RESULTS
      • Article
        C K TANG Ltd:
        63 11 Audited group net profit was $2.36 million ($1.20 million) for the year ended Dec 31 on turnover of $48.24 million ($42.11 million). Parent company net profit came to $2.36 million ($1.36 million) on turnover of $47.46 million ($41.88 million). First and final dividend was 10 per
        63 words
    • Article
      Income at UP hit by higher costs
      333 11 CONTRARY to expectation)», United Plantations (UP) Berhad suffered a minor setback for the year ended Dee 31, ISM, with group pre-tax profit falling by 7.7 per cent to M 549.7 million. Apparently, rising production costs and lower than expected palm oil prices affected
      333 words
    • Article
      MINSEC NOT PERLIS UNIT ANY MORE
      306 11 PERLIS PLANTATIONS Bhd has sold 51 per cent of the shares in its whollyowned subsidiary. Minsec Properties Bhd, to three parties for cash. The sale means that Minsec has ceased to be a subsidiary of Perlis Plantations. The 51 per cent stake comes to
      306 words
    • Article
      Poor results from Alcom
      296 11 ALUMINIUM Company of Malaysia (Alcom) has reported poor results. Pre-tax profits for the year ended Dec. 31, 1980 have drastically declined by 62.39 per cent to M 51.31 million. This was despite an almost 25 per cent increase in sales revenue to just over $59 million.
      296 words
    • Article
      Tong Meng
      32 11 TONG Meng Industries Ltd has replied to the Singapore Stock Exchange stating that it is not aware of any reason for the recent sharp rise in the company's share price.
      32 words
    • Article
      Continued retreat
      1173 11 NEW YORK STOCKS NEW YORK stock prices on Tuesday retreated in moderate trading led by IBM, which continued to suffer from disappointing earnings news. American Telephone, however, turned in a strong performance, hitting a 19month high. Analysts said investors continue to expect a rise in interest rates after
      1,173 words
    • Article
      Marginal fall in API profit
      475 11 ASSOCIATED Plastics Industries (API), currently in the process of upgrading its technology as well as diversifying its activities, has reported uninspiring earnings for last year. Group pre-tax profit for the year to Dec 31, 1900 eased marginally to MJ1.225 million from $1,375 million previously. But
      475 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      67 11 M i£,*'l MS TAT LEE BANK LIMITED Head Office: Tat Lee Building, 63, Market Street Singapore 0104. Tel: *****2 (20 Lines) ACCOUNT 1 oy 2 Fixed Deposits: 1 month 10% p.a. 6 months 10% p.a. (minimum $10,000/-) 2 months 10% p.a. 9 months 10'/*% p.a. (minimum $10,000/-) 3 months 10%
      67 words
    • Advertisement
      Page 11 Advertisements Column 2
      312 11 Today, bubblies are popping at theYasuda Fire Marine Insurance Co Ltd An opening reception to celebrate its official opening The Vasuda Fire Marine Insurance Co Ltd, incorporated in Japan, has been given license by the Monetary Authority of Singapore to operate general insurance business in Singapore from Ist April 1981.
      312 words
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  • Article
    US dollar will continue as currency for gold contracts
    381 12  -  By LILLIAN CHEW THE Gold Exchange of Singapore (GES) will continue to use the US dollar as the currency of contract. The chairman of the GES, Dr Gan Tjoen Hok, said yesterday that it is not advisable to use Singapore dollars
    381 words
  • Article
    CK Tang's 1980 pre-tax profit jumps 74pc
    326 12 CK TANG, which will be moving to aew and bigger premises at the end of the year wkei the Dyaasty hotel-cam-«bopping centre project to completed, will do so with fond memories that the Howe of Tang has served It well. The compaay has
    326 words
  • Article
    Lock icon Peacock's resignation a setback for Fraser
    500 12 Reuter AUSTRALIAN Industrial Relations Minister Andrew Peacock resigned yesterday and bitterly attacked Prime Minister Malcolm Fraser, accusing him of gross disloyalty and a manic determination to get his own way. Mr Peacock's resignation and the startling virulence of his attack on Mr Fraser rocked
    Reuter  -  500 words
  • Article
    Lock icon Higher earnings for Jardine, Matheson
    366 12 Reuter JARDINE, Matheson and Co Ltd of Hongkong has announced consolidated net profit of HK5510.3 million after tax and minorities for 1960, up from $403.20 million the previous year. In line with its good results, the company is proposing a l-for-10 free scrip issue (against
    Reuter  -  366 words
  • Article
    Top-flight Asean bridge players in Singapore
    264 12 9)rd Asean Bridge Club [CHAMPIONSHIPS TOP FLIGHT Asean bridge players are assembled in Singapore this week for the Third Asean Bridge Club championships. Among them are the holders of the Far East championship, six Indonesians, who later this year will be representing the Far
    264 words
  • Article
    Move to have bigger pool of draughtsmen
    166 12 THE MINISTRY of Finance has approved financing for the Vocational and Industrial Training Board to start additional courses at NTC 2 level in drafting. The courses, to be implemented later this year, is a move by the VTTB to increase the supply of
    166 words
  • Article
    Advice for managers
    111 12 GOOD labour-management relations is not the sole responsibility of the personnel manager. All other managerial staff must work towards this end. Dr Ow Chin Hock, Parliamentary Secretary (Education), said this at a graduation ceremony for the Singapore Institute of Management yesterday. He said the most crucial part
    111 words
  • Article
    LONDON STOCKS
    811 12 LONDON. Wed Share prices closed mostly easier viith the approaching long Easter weekend making for a quiet session, dealers said At 3pm. the Financial Times index was down 0.9 points at 547.9. Electronics closed above the day's lows, having earlier (allen following the UK defence white paper but
    811 words
  • Article
    Lock icon DOW JONES HEADS HIGHER
    79 12 AP NEW YORK, Wed. The stock market beaded higher this morning The Dow Jones average of X industrials, off 11.17 on Monday and yesterday, recovered 5 05 points to 994.15 in the first hour. Gainers took a slight lead over losers among NYSElisted issues. Analysts said
    AP  -  79 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      120 12 Emblem (/Distinction The aristocratic Caran d'Ache collection of slim-line lighter and pen. Embellished in gold or sterling silver. From the master craftsmen of Geneva. CARAN d ACHE GENEVE Available at leading department stores. 10th Floor Supreme House Penang Road Singapore 0923 Tel: *****61 NOTICE U5520,000,000 Floating Rate U.S. Dollar Negotiable
      120 words
    • Advertisement
      Page 12 Advertisements Column 2
      218 12 Leader...page S built stronger to last longer. Imported direct from Japan. Now there are vehicles that can make more money for you. Ford trucks and vans have a longestablished and enviable reputation for rugged reliability. They are built for power and durability. Tough enough to take the roughest knocks. Engineered
      218 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      65 12 WEAT:HER Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in several places from late morning. Report for 24 boars prior to 7.39 pm on April 15 at the airport. Maximum temperature 32.2 Associated humidity 65 Minimum temperature 24.1 Associated humidity 99 Hours of sunshine 5.70 Rainfall in
      65 words
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  • SHIPPING TIMES
    • Article
      Sasar to set up marine centre soon
      160 13 THE Singapore Association of Shipbuilders and Repairers (Sasar) has taken some concrete steps towards the formation of the Marine Development Centre and aims to set up the centre soon. At Sasar's annual general meeting yesterday, its president, Mr Lai Park On, said an
      160 words
    • Article, Illustration
      First semi-automated warehouse for PSA
      491 13 THE Port of Singapore Authority (PSA) will soon have a $12 million high-bay semi-automated warehouse to meet warehousing needs of port users. It has bought the former St James Power Station at Telok Blangah Road to develop this high-bay semiautomated warehouse. The project is expected
      491 words
    • PORTSIDES
      • Article
        Feeder service plans
        65 13 THE Korea Maritime and Port Administration is reportedly preparing plans to introduce a new coastal feeder service between the principal ports of Busan and Inchon as a solution to maintaining speedy internal container distribution. Reports from South Korea have told of increasing difficulty in distributing containers efficiently
        65 words
      • Article
        Lock icon Anti-radar strike
        81 13 AFP ABOUT 280 pilots will stop work in Rotterdam from 1000 to 1600 GMT on April 21 to protest against new technology. The pilots handle the arrivals and departures of vessels of more than 425 tonnes and their action will largely paraly2e the port. They are anxious about
        AFP  -  81 words
      • Article
        Lock icon Surcharge changes
        70 13 Reuter MEMBER Lines of the Hongkong/Sabah, Brunei and Sarawak Freight Conference will impose a 10 per cent surcharge on cargo to Kuching, Sarawak, effective May 1, because of heavy congestion in Kuching. Meanwhile, port conditions in Sibu, Sarawak has improved, and member lines of the above conference will
        Reuter  -  70 words
      • Article
        Solas amendments
        106 13 MARITIME nations are to be asked to adopt key amendments to the international convention for the Safety of Life at Sea (Solas), 1974, when they meet in London later this year. The amendments include alterations to the chapters on the carriage of dangerous goods; safety of navigation stability,
        106 words
    • Article
      INDEX TO ADVERTISERS
      700 13 SWppUgLtoe P»g» CM Achipelego vn 1 Adriatic VI 5 Afea VI 3 Afro-Eurasia VI 2 A1 Navigation VI 2 Alltrans VI 5 Alpac VI S Angkutan VI 4 Angora v? V 1 ANL I 1 Antoll vm 1 API. in 4 5 Argentine IV 4 ASCL in
      700 words
    • Article
      UK to cut dock labour force
      360 14 BRITAIN'S registered dock labour force will need to be slashed by more than 50 per cent within the next four years, the chairman of both the British Ports Authority and the Clyde Port Authority Mr Jim Davidson said recently. He predicted that the present
      360 words
    • Article
      Container Schedules
      989 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 Petr Dutov 2CE 14.4.81 0700 S'pore Soviet 50 vc Hakata Maru 35/320 15.4.81 1300 Borneo TA 4 TT P. Roosevelt 89
      989 words
    • Article
      LONDON FREIGHTS
      1423 14 QUIETER conditions prevailed on the charter markets on Tuesday in what could prove to be a somewhat premature pre-Easter slowdown. No further trans-Atlantic grain fixing appeared following Monday's better payments to spot tonnage on the US Gulf-Holland voyage. However, rates for US Gulf grain traffic to the Far
      1,423 words
    • Article
      SHIPS IN PORT
      473 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge SC 732 (1500) 7 Ever Light (100 subject free board) 18 Frotamanila (1800 after Dlcto) 42 43 Howell Lykes (2300 after Ping Chau) 1/2 King Bird (0600) 23 Koheng (0530 after Kota Jade) 9/10 Maxim Gorky (passenger) (1900) 44 Nedlloyd Hongkong
      473 words
    • Article
      Rapid growth for 3 Egyptian ports
      356 15 THE development of container facilities in Egypt's ports, should be concentrated on Alexandria, Port Said and Suez, with its proposed new harbour at Adabiya, says Mr Ghandi A. E-Hindy, chairman of the Suez Canal Shipping Agencies Co, who recently completed an analysis of trends
      356 words
    • Article
      Wartsila Turku delivers world's largest ferry
      284 15 THE Wartsila Turku Shipyards have delivered the world's largest car passenger ferry, Finlandia, to is owner, Effoa-Finland Steamship Co Ltd. The delivery of the 25,680-grt vessel was made late last month, and it is the fifth ferry to be ordered from the Turku shipyards.
      284 words
    • Article, Illustration
      Lock icon Problems growing at port of Rotterdam
      614 15 Fairplay IN the course of the last six months there has been growing concern over developments in the port of Rotterdam. It has been suggested that never in the post-war years has the situation looked so bleak and threatening. First and foremost, worries are
      Fairplay  -  614 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1762 19 SCHEDULE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are published at a maximum of three weeks. PN
      1,762 words
    • Article
      WORLD SERVICES
      210 20 I S WEST Coast-UK Continent: East Asiatic Company is doubling the number of sailings between the west coast of North America and the UK-Continent during 1981. This year.the company plans 20 sailings, compared with 10 in 1980. Four ships will be in .service full time, and other ships
      210 words
    • Article
      PORT CONDITIONS
      792 20 ANGOLA Lobito/Luanda End March. Berthing delays of about 20-35 days. ARGENTINA Bahia Blanca End March. Berthing delays of more than 10 days expected. Buenos Aires End March. Waiting time for general cargo vessels 1-2 days. Necochea End March. 1 grain vessel waiting. Rosario Congestion expected for AprJ. AUSTRALIA
      792 words
    • Article
      French merchant navy tonnage
      179 20 THE tonnage of the French merchant navy began to decrease last year, the annual report of the French Shipowners' Central Committee (CCAF) showed recently. Only slight at first, the decrease "risks worsening, particularly if no gain in productivity can be achieved," the report said. The year
      179 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      254 13 NEUN6-A SHIPPING KOREA FLAG VSLS Regular Liner Semi-Container Service To: P.Kebnf/KeHunj/Busan/lnchon Fm: Busan/H.Koot/Banfkok Td S pore: *****11 P.K. *****4, PN *****5 K.L. *****0 <sp A RDIM AMAH Orient Overseas Co*tUu*teA Line FULLY COHTWHEWSED SERVICE TO EUROPE (VIA SUEZ) Fstove H'burj Antwerp 9/5 11/5 14/5 14/5 16/5 19/5 22/5 24/5 27/5
      254 words
    • Advertisement
      Page 13 Advertisements Column 2
      292 13 SSEALORDO m UASC UNITED ARAB SHIPPING CO (SAG) ARABIAN GULF EXPRESS MULTI PURPOSE SERVICES ii Oh* (4/5). Don* (7/5) (13/5). (U/5) 19/4 Mm (29/4). Ate Dhahi (4/5) (10/5) (13/5) KOTW ActmUm BrMkMi (Ml vsSWin mk FULLY CONTAINERISED SERVICE u W*m*H 13 Iraa carco acceptable intransit DM (3/5). Rmml (5/5). Ommmm
      292 words
    • Advertisement
      Page 13 Advertisements Column 3
      636 13 4>cnan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Agents I I *J UNIPACIFIC TRAMS TMDIN6 m ASENCT PTL ITU Tel: *****4 (5 lines) SINGAPORE MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF, ATLANTIC. EAST CANADA, ASIAN PORTS Feeder Vawl FONDO FOfOO MAERSK
      636 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      885 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERN AD WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Container Senric« To Europe Feeder *P Kelang Vessel S pore 11 Mseilles 2) Rdam 31 H burg 4) Gborg B DAHIIA 17/4
      885 words
    • Advertisement
      Page 14 Advertisements Column 2
      357 14 BBS SUPERCARRIER SERVICE FROM; US GULF US ATLANTIC EAST CANADA i I Uiim* MrtM BMtom |S» W»| SjieO U/4 25/4 21/4 1/5 2/5 11/5 U/5 15/5 U/5 21/5 24/5 11/4 21/4 2t/4 4/5 7/5 IJ/5 U/5 21/5 27/5 P I Pa— Mart* U/5 *21/5 27/1 (t i/i n/i 3/6 1/1
      357 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      753 15 NOTICE FAR EASTERN FREIGHT CONFERENCE SABAH, BRUNEI AND SARAWAK FREIGHT CONFERENCE NOTICE TO SHIPPERS CONGESTION SURCHARGES BENGHAZI AND LIMASSOL Reference is made to the notice in the Press on Friday, 12th December, 1980. The member Lines of the above Conferences have reported that port conditions at the above ports have
      753 words
    • Advertisement
      Page 15 Advertisements Column 2
      517 15 rfo Franco Belgian Services {F>> Fast Frc-.ch Stmct xtk Far F,:sr,rr. C.M.C.R. torn MAN* EJCOLE LAURO montblancm »sonce to wwaMimi S pox P KtUn* B tofli Ms«l« Gaaoa Trieste SjM h Part 21 Apr 1 Mar 2 May (May II *> 2* Apr 3 May »7 May 14 May Apr
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      Page 16 Advertisements Column 1
      763 16 Hapag-Lkyyd TO NORTH EUROK Eft* Mm HH>H Eqnu IMa| Eipress Kwama Mmj TO MEDITDaiMCA Eiab Law* 9/5 11/5 11/5 13/5 21/5 23/5 27/5 29/5 5/6 7/6 TDK Hft 13/4 15/4 20/4 22/4 26/4 21/4 TO NORTH EUCTE/MEDfTORAHEA/ ESu S port PK 1/5 10/5 8/5 29/5 31/5 Pen Brfbao Genoa H'burg
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      Page 16 Advertisements Column 2
      687 16 KOREA SHIPPING CORPN P. Ketant PENANG STORE VEGA 159* 18-21 Apr! 22 25 April 27-30 Apri FROM BUSAN BANGKOK VEGA 160E 18-21 Apr! 22-25 Aprl 27-30 Apri TO BUSAN INCHON ALTAR 163W IS-22 May 23-2$ May 28-31 May FROM BUSAN BANGKOK ALTAR 164€ 18-22 May 23-26 May 28-31 May TO
      687 words
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      Page 16 Advertisements Column 3
      605 16 EVERGREEN LINE r FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE 1 ALSO ACCEPTING CARGO FOR UNITED KINGDOM SOUTHAMPTON, LONDON, MANCHESTER. BIRMINGHAM, BRISTOL. LIVERPOOL. GLASGOW. LEEDS. ETC. WEST GERMANY BREMERHAVEN. OSLO, STOCKHOLM. GOTHEN BURG. AARHUS. COPENHAGEN HOLLAND AMSTERDAM Sp Off ieddah Hanbwt Rotterdam Fofa>to*e I* Hawe Eeerlarje 17/04 27/04 1/05 10/05 12/05
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      Page 16 Advertisements Column 4
      772 16 Everett Lines! Burn* Fivo Star Shipping Corpn. JBk "BURMESE NATIONAL LINE" LOADING FOR RANGOON Acccfitnf cv|o liWal lip* My {>«• PIiN fmmt U/2t k> H-M 22/ 25 «pi muHmeuwrwt 22/25 v HIOWYIM 22/2* BFSSC Aoents Moloyvo BOUSTEAD SHIPPING TEL NOS KL *****2/48)309 Com pa ma ArpMitim D« "ARGENTINE NATIONAL LINE'
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      Page 16 Advertisements Column 5
      426 16 rmo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE JAPAN/STRAITS SERVICE GEJOAI AGENTS CONTAMX BOOMS sue worn r keiane OCEM sMPfwe wrawno PTE in> SMEMOK m *****44/7 1 22*137* K UMPW m 4*4*44 4*4751 OCEM 9VTW STOK TU 22*1144/7 JUL*? com MO P KEIME ID. (347. 073/4 EAST ASM SWPME ID.
      426 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      1034 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH, JEOOAH AQABA (Reefer Cntrs Acceptable) Ml !'»i: SPORE 13-14/6 17-18/7 20-21/8 Accepting LCL Cargo to Aqaba S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ IEZiMM] 2ND CALL g¥T.irraMa n:in <■::i mj.i;Uim:u:<>i:trwmM:WWM •FCL Closing 15/4 2200 HRS EAST AFRICA/REDSEA SERVICE KOTAJATI 5/10 May
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      Page 17 Advertisements Column 2
      804 17 Hongkong Etprrss Hjn*w| Erprtu Kiim Mm AJtmana Eiprm Aauga Ibv Ptfa/Eiaopt BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE H BURG B HAVEN ROAM HAVRE SOTON Sport P Atui*»l&t»ma»y' Ausltia Ant»trp franc* UUK 20 4 9/5 11/5 12/5 l«/ 5 15/5 29/4 11/5 11/5 M/ 5 10/5 5/5 29/4 30
      804 words
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      Page 17 Advertisements Column 3
      704 17 Scan Dutch V WEEKLY EXPRESS CONTAINER SERVICE TO MED/UK/NC/SCAN Acccptm| tor I) &VCMMU Genoa ItfUcn 2) kmtitittm Artaerp It Hint Muo fUsie Stw (OPT) Liverpool Uk Cm>| tiitn&i 3) Bremen Iwwtiim Aartws Cop*nlii(e» HelsMi ttrimo Slocuwtw Olio M xtor inue accepting carfo tw Banftot P >««<l to NePkor« UC Penanf
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      Page 17 Advertisements Column 4
      545 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNION S. AFRICA STREAMBANK Spore. 3/4 May flooding direct for Durbon and Capetown only) Lines U.S. WEST COAST SERVICE Dhct from SfO Lbdi LESLE LYKES Sid Sid ASHLEY LYKES 19/4 16/4 S'He Tac VBC 20/5 21/5 23/5 17/6 IS/6 21/6 (a* rnscb Use cji
      545 words
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      Page 18 Advertisements Column 1
      928 18 »\Kline KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES 1 TO NORTH AMERICA rro una vessels* ft sr Mono *ssas ni la se ny Fm*r Act MM M 17/4 Immtm Mar* 4/5 11/S hMa Man. 7/5 K/5 J9M Mmi 4/5 30/5 Mlnl-5 24/4 24/4 Kate Mm 14/5 24/5 Uh Sat. Mp
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      Page 18 Advertisements Column 2
      662 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Loa*ig tor LOS MOlfS SAM FMNCSCO. SUTTIE. It COM VANCOUVER B C Accent fCt/fCL Cantaawn AUSTRALIA EXPRESS CONTAINER SERVICE kcaptett fa/fa Man P Kelang Spore Bri M M S|4 U May 1? May 24 Ma, 29May 7 lune 1 Ain 2 ten 14
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      Page 18 Advertisements Column 3
      608 18 3 S Aciroup SINGAPORE SHIPPING AGENCIES PTE. LTD. 20TH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LINESI GENERAL *****1 114 LINESI TERMINAL OFFICE *****83 TELEX RS ***** RS 2SS6B A B CARSMIP CABLE CARGOSHIP jffPHi RcflkHwl Container Lines WEEKLY CONTAINER SERVICE to/from BANGKOK SINGAPORE ISLANDS UNE MIDDLE EAST REGULAR
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      Page 18 Advertisements Column 4
      600 18 KORINS MARITIME SERVICES !5 Room 601 ICB Building. Shenton Way Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES WTMCNO 13 ffSSfl P KELANG LOAONG FOR Ban Oar Wil l Damman *u»art I SAM ICK LINES A amber at The SaoMck tniop *1 Companies LiER SERVICE FROM
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      Page 18 Advertisements Column 5
      806 18 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9l Telephone *****11^*****57 sro V REGULAR ROEPENWIT SOtVCI TO EUROPE Sport f Ktianj Penanf Loadh| lor WON NttlM In Port SM BOULO9C/UK (AVON) AMANGQ ENJEAVOUR N8105... 21 Apr 23 Apr ROTTERDAM, UK (AVON) AMMO. HAMKMY KB 109 9 HIT 12 May
      806 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      716 19 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A m6^t)C r of ACE Consortium TO EUROPE/UK (VIA SUEZ): HK CONTAINER S pore Closing Times FCL Cargo 1400 21 4 LCI Cargo 0200 21 4 FROM EUROPE (VIA SUEZ) STRAITS/AUSTRALIA RO-RO CONTAINER SERVICE a memoer oime «».consomun TO ANO FROM AUSTRALIA: JAKARTA.... SINGAPORE PENANG
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      Page 19 Advertisements Column 2
      394 19 MALDIVE LINES ETA KUANTAN ETA PORT KELANG MALDIVE PROGRESS Loading For Kuwait MALDIVE PIONEER Loading for teddab MALDIVE NOVEL Loading for Jeddah MALDIVE PEACE Loading For Jeddah/ MALDIVE NPORTER Loading For Male MALDIVE NEIGHBOUR Loading For Muscat/Dubai/ Dammam, Kuwait MALDIVE PLEDGE Loading For Aden MALDIVE PROMOTER Loading for Kuwait FOR
      394 words
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      Page 19 Advertisements Column 3
      281 19 SINSOV SINGAPORE SOWn SUPPING CO PRIVATE LTD SMSOV BUUMK 55. Mjrtel Str«l Sinfapoie 0104 Telephone Numbers *****3 (10 Cable Address SINSOV SMGAPORE Tetei Numbers RS ***** RS ***** RS ***** i Kfi me fWifc M/S SHARK AT HAH SOON SON BM) IST AND 2ND FLOOR MESSRS HAJ THONG SMPPVK 23
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      Page 20 Advertisements Column 1
      657 20 HIONG GUAN NAVEGACION CO., LTD REGULAR LINER SERVICE DENPASAR II bit 1974 LOADING FOR MUSCAT KUWAIT ALL VESSEL 15 TONS DERRICK GENERAL AGENTS DONG GUAN SHIPPING (PTE) LIMITED SPORE TEL *****44 MALAYSIA AGENTS ORIENTAL SHIPPING CORPORATION KL Tel *****6 WORLD Qi LINE I EXPRESS REGULAR SERVICES JAPAH/HOHGKWW/STRAITS urctn C POOC
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      Page 20 Advertisements Column 2
      261 20 SL WOOD LINE Bulk Timber and Plywood Service LOADING FOR NANTES/RDAM/TILBURY (Other UK destinations acceptable) Vessel Spore PKelang T. Ayer GRAND GLOBE WL 003 27/4 23/4 30/4 WL 004 15/5 24/5 19/5 SILVER PME WL 005 25/6 15/6 20/6 General Agents:Wood Line (S) Pte. Ltd. Tel: *****11/*****93/*****42 K. Lumpur: SEGANI
      261 words
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      Page 20 Advertisements Column 3
      343 20 JOHORE SHIPPING l/Y 161 (At AN UNCI UNGKU BADAR PORI KEIANG SfIANGOR MAIAYStA HAJ SHIPPING SDN. BERHAD i Express Umtload Service from P Keiang East Malaysia ft Brunei (Accepting cargo for palletising in LPK Gdn No 3 (South Port) w BINTULU Ml CONTRACTORS SDN. BERHAD 37. Panduncan Road. Kudwif. Sarawak.
      343 words
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      Page 20 Advertisements Column 4
      296 20 KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAN/STRAITS/JAPAN Fully Containerised Service Vessel NOW BAT ft NORD STM V 3 N. MALAYSIA: Tokyo Hotoe S pore P KeUngPenang Spore Tokyo Kobe 10/4 12/4 21/4 24/4 23/4 25/4 5/5 «/5 27/4 21/4 10/5 12/5 13/5 15/5 21/5 29/5 BMtMi 9m *****4/*****5 Harmon t CrosMd
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      Page 20 Advertisements Column 5
      50 20 DMCSUEUNK M.V DONG DON VOY.K arrived 11.4JK1 AT PSA (Mm 11/8 General Survey an damaged cargo discharged the above vessel will be held on Tuesday 21st April IXI as from 9.00 am to 12.00 noon. No further survey will be held after this date WORLD-*TD?PACIFIC MARITIME (mC) LTD tvl: mm*
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      154 20 Regional Weather <v r V > I (S N X > Z>A if t a c m Sc 01 1* 3K SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNINQ. °c Cj Wind direction with speed in knots Wave height LEGEND: R Thunderstorm Temperature °C Shower Weather S Wind
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