The Business Times, 26 May 1981

Microfilm: NL11156
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 TUESDAY, MAY 1181 60 CENTS
    10 words
  • Article, Illustration
    BANKING & FINANCE
    146 1 BANKING FINANCE SINGAPORE'S progress ss s msjor finsncisl and banking contro in ths world has boon chart ad by local and foreign oxportisa. Policios and iaauaa, «which havo governed and undortinad this prograss in tho pest doc ado, havo mar gad aa wall aa firod tho basos of tboaa trying
    146 words
  • BRIEFLY...
    • Article
      Lock icon Bullion expectations
      83 1 UPI JAKARTA, Mon. Indonesia expects to produce one ton of gold and nine tons of silver yearly from a new mine in Sumatra to be jointly operated with an Australian company beginning in 1983. The new mine is located in Lebong Tandai, West Sumatra, 640 km north-west of
      UPI  -  83 words
    • Article
      Lock icon Enterprising Chinese
      58 1 Reuter BEIJING, Mon. A total of 810,000 Chinese started their own businesses last year, a sign of how far China has shifted towards a mixed public-private economy. Small scale private enterprise is now not only tolerated but encouraged in China, partly to relieve unemployment which some foreign estimates
      Reuter  -  58 words
    • Article
      Lock icon Penalties for second child
      73 1 AFP BEIJING, Mon. Virtually all Chinese couples will have to pay fines in the near future if they have a second child under measures now coming into effect in several localities. Observers feel that measures such as fining parents of a second child a minimum 10
      AFP  -  73 words
    • Article
      Lock icon Huang Hua in hospital
      58 1 AFP BEIJING, Mon. Chinese Vice-Premier and Foreign Minister Huang Hua, who is nearly 70 years old, has been hospitalised with an undisclosed ailment. Mr Huang will not be able to take part in talks with King Baudoin of Belgium and Yugoslav Foreign Minister Josip Vrhovec, both
      AFP  -  58 words
  • Chief Price Changes
    • Article
      SINGAPORE
      132 1 Rises C Sugar* 2040 +130 Metro Hldgs 1660 40 U M Flour 440 40 Guthrie 424 40 u o F 374 32 F E Lcviifitoi 645 25 C Properties 550 20 Eu Yu S*i| 390 20 Honf Leonf lad 1880 10 H Leon( Credit 1610 10 Falls Spore Land
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    • Article, Illustration
      KUALA LUMPUR
      145 1 Rises HLInd 2030 -<-80 H L Fin 1210 50 T Text 655 40 Pac Dev 1500 40 C Sugar 2060 40 Austral E 620 +30 P Carbide 476 26 G Ceramics 765 25 Falls G Kent (M) 730 -7tt PMC 1750 -40 Magnum 1000 -30 Duff 400 -24
      145 words
  • Article
    Robin undertakes three US projects
    659 1  -  TOTAL COST EXCEEDS $500 m By FONG MEW LENG SHIPPING tycoon Robin Loh is spending more than 5500 million on three new property projects in the United States. The three projects, which may signal the start of his property empire in America, are in and
    659 words
  • Article
    Surplus of $11.5m for Jurong Cement
    286 1 A REVALUATION of Jurong Cement's property, plant and machinery has thrown up a healthy surplus of $11.5 million. Jurong Cement yesterday announced that its buildings, land improvements, plant and machinery, mobile equipment and motor vehicles revalued by Allied Appraisal Consultants were worth $26.7 million
    286 words
  • Article
    Property boom hits industrialists
    459 1  -  By AGNES WEE APART from biting nails over escalating material industrialists occupying factories on Jurong Town Corporation land are now also shouldering much higher property tax bills. Rentals of flats provided for their foreign employees have also increased substantially. Upward revision of rentals by JTC and
    459 words
  • Article
    Message for publishers
    300 1 COPYRIGHTS are not the only means to develop publishing business. Minister of State for Culture Fong Sip Chee drove this point home to publishers yesterday at the opening of a three-day publishing seminar. "I want to plant some kind of doubt into their minds," he said soon
    300 words
  • Article
    Major change within Guthrie group imminent
    264 1 A MAJOR ehange within the Gathrie Bhd grenp seems imminent. The directors yesterday anneaaeed that dlsenssleas are la progress "which cmM materially affect the fa tare develepmeat sf the company." Guthrie has therefere requested the Stack Exchange of Singapore U saspend trading la Its
    264 words
  • Article
    RAS revises rubber delivery procedures
    540 1  -  By SIOW LI SEN THE Rubber Association of Singapore (RAS) has revised the procedures governing delivery of rubber to warehouses under free on board (FOB) contracts. The association will soon also advise its members on the procedures of sampling rubber delivered to warehouses. Members will
    540 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      24 1 GOOD READING MATTERS mimes Bookshops Taan Orctart Ccmit Joka Inki lucxvn.u* SWCiAi'STS CfNTMi FIAZA SMGAFUKA u nrrm o*mmu tirua i m mn •ciiooooctNTM •noiiWHOun
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    • Advertisement
      Page 1 Advertisements Column 2
      135 1 B3f p.k. m This unique publication otters businessmen each month a comprehensive guide to the latest developments taking place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words each. There is a dual
      135 words
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      Page 1 Advertisements Column 3
      83 1 See page 3 Leader...page 8 ICMDa WHAT the publishing business need 5........................................ 3 GLIMPSES oT the banking industry in the Mb..................... 7 CLOUDS over Manila International Airport f SHIPPING TIMES PROSPECTS for Straits Trading II LOCAL advertising agency takes a partner......................... 14 SAUDI Arabia may change its stand on oil
      83 words
    • Advertisement
      Page 1 Advertisements Column 4
      3 1 Leader ...page S
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      Page 1 Advertisements Column 5
      94 1 Companies' Activities. Key Personnel. Agencies "1 The Straits Times DIRECTORY Of Singapore (Buku Merah) The reduction copier built on forward engineering. The Ricoh DTIBOOR •Clear, crisp copies, even half-tones. '> Reduces originals by 35%. 16 to 28 copies per minute. You save 1 in cost and storage space! For more
      94 words
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      82 2 li-ll M Im i J I in 1301-1600 cc. Class Shell Economy Rally 1981 Organised by the StnQSpOtO Motof SpOttS Club jg Hps 45 jr. g..jg. 3K v yrstp 0E***** 1 Results: 1301-1600ac. Class Position Entry No. Driver Navigator 1 45 K. L. Lee Major Zainuddin A. Tan W. M.
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  • TRADE AND INDUSTRY
    • Article
      BOUSTEAD RECEIVES SDF GRANT
      131 3 BOUSTEAD Engineering will receive $43,000 a year from the Skill Development Fund to improve the skills of its workers. In conjunction with the grant, Boustead will undertake to train 25 welding and fitting apprentices. These recruit apprentices will attend two or four-year courses jointly organised by
      131 words
    • Article
      What publishing business needs
      490 3  -  By LEE YOKE MENG WHAT the publishing business needs in the 1960b is a strong dose of professionalism, investment and the willingness to explore markets other than the traditional home market. This, according to Mr Koh Hock Seng, group general manager of Times Publishing's books division,
      490 words
    • Article
      Insurers must strengthen motor insurance base
      347 3  -  By JUNE LIM THE insurance industry needs adequate profits from motor insurance if it is to develop and grow in the developing countries. This is because motor insurance is a main source of premium for insurance companies in these countries, which have narrow modern
      347 words
    • Article
      MEMO PAD
      512 3 SEMINARB AND COURSES May 25-July 1: Quality Assurance Engineering and Management, Ming Court hotel, Sisir May 25-27: Challenges Facing Book Publishers in the 1900s, RELC, Macmilian South-east Asia May 25-27: Modern Techniques A Strategies for Management Problem Solving, SIM Conference Room, Singapore Institute of Management May 25-July 1:
      512 words
    • Article
      Science event expects 100,000 visitors
      277 3 DR Tay Eng Soon, Minister of State for Education, will open the 1981 Singapore Youth Science Fortnight on Thursday at Nanyang Junior College. The Fortnight, an »nnn»i educational project sponsored by Shell companies in Singapore, is organised by the Singapore Science Centre and the Science
      277 words
    • Article
      Manufacturers coming
      96 3 EIGHT Italian manufacturers of agricultural machines are keen to meet local businessmen interested in marketing their products. The manufacturers, all members of a delegation to be headed by two officials of the Italian Trade Office in Rome, will be in Singapore from June 1 to 5. Agricultural machines
      96 words
    • Article
      Supervisory skills need sharpening
      385 5  -  By FONG MEW LENG SINGAPORE still lacks a programme to upgrade supervisory skills, an essential ingredient in efforts to improve team work and worker-management relations. Mr Goh Chee Wee, Member of Parliament for Boon Lay, urged Singapore companies to give priority to the training of their
      385 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      86 5 ABBOTT Laboratories (S) has appointed Mr William Lee Km Slag as field manager, consumer products. Mr Lee will be responsible for management of the consumer sales force in Singapore and Malaysia. He will be stationed Petaling Jaya. Holiday Inn hotel Singapore has appointed Mr GatttrM Sehatseaberger as
      86 words
    • Article
      Asean travel forum
      272 5 MEMBERS of the Asean travel industry will meet in Malaysia in October to look into areas of cooperation to promote Asean as a tourist region. Called the First Asean Travel Forum, it will be held at Genting Highlands from Oct 18 to 23. About 1,200 participants are
      272 words
    • TRADE TALK
      • Article
        C&P Rent-A-Car,
        176 5 a local car hire company specialising in long-term rentals, has added Toyota Carinas worth 1648,000 to its fleet. This brings the company's fleet closer to its 1981 target of 450 vehicles. The company started two years ago as a subsidiary of Containerisation and Packaging Industries with an initial
        176 words
      • Article
        FOURTEEN
        154 5 senior sales staff of the Data prep group were recently honoured at the Data prep 110 Club meeting in Manila, Philippines for obtaining more than 110 per cent of their sales quota. The Data prep One Ten Club is a circle reserved for "overchievers" who can exceed their quota
        154 words
    • Article
      American Express buys computer
      120 5 A CREDIT card company has set up a direct computer link between its offices in Singapore and Kuala Lumpur. Mr William Mould, director-operations, Southeast Asia/Subcontinent of American Express Card Division, said since the introduction of the Malaysian dollar card in May 1979, the number of cardmembers
      120 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      113 3 1 Your New Telephone Secretaryine A OtHQN COMPUTER DIALER An ingenious microcomputer device that computes, stores and dial up to 20 important phone numbers automatically all at a single touch of a button. And redials till you are connected, if line is busy. Also, a built-in 12 digit calculator and
      113 words
    • Advertisement
      Page 3 Advertisements Column 2
      288 3 7 T T" f V V i It w r V m i *f('\» a pEvery trip to North America deserves avtonderlul Copenhagen When you are flying nearly half way around the world, you deserve a break en route in Europe's most delightful city. Relax with the Danes in their
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  • RAW MATERIALS
    • Article
      Lock icon Call for realistic price range for natural rubber
      504 4 AFP A REALISTIC price range must be fixed for natural rubber so that the buffer stock will, at times, defend a price level which will be meaningful to particularly the smallholders. Malaysian primary industries minister Datuk Paul Leong in making this call
      AFP  -  504 words
    • Article
      PALM OIL
      129 4 THE Kuala Lumpur market for crude oil yesterday closed firmer on covering interest in active trading, dealers said. For June, July and August, southern region prices gained M 57.50, $5 and $2.50 to $1,002.50, $975 and $945 a tonne respectively, while for August, central region prices rose $15
      129 words
    • Article
      Lock icon PEPPER CIRCLE MEETS
      94 4 Reuter THE International Pepper Community (IPC) has discussed steps to influence the price and supply of pepper in a volatile world market. The IPC, which met in India's southern city of Mysore last week, discussed possibilities of fixing a minimum export price. Major pepper exporters like India,
      Reuter  -  94 words
    • Article
      RUBBER
      210 4 RUBBER prices in Singapore yesterday closed slightly easier with June One RSS buyers quoted at 254.00 cents per kilo, down half a cent from last Friday's close, dealers said. Morning prices were marked down slightly on lower London advices and lack of buying support, they said. The afternoon session
      210 words
    • Article
      RAS PRICES
      300 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Int. 1 R.S.S. prompt f ob.S6 JON Int. 1 R.S.S. June 254JO 255.30 Int. 1 R S S July 258.00 290.00 Int. 2 R.S.S. 2S1.00 232.00N UK Coot 230.00 231.00N Int. 3 R.S.S. 225.50 23S.50N UK Coot 224.50
      300 words
    • Article
      SSR and SMR
      96 4 NOON SSI and SMR prim j'M>lii«y U1 Jul (Carat Mtk) Mtk) SSR» (1-taa paitat) ■van 8 moo *****N wrtn m MM ilWra 22S.00N SSR SO (1-toapdlrtl moo 223.00N wim 226 00N MB1I.B SMRCV (1-ton p^ht) 303.00 306.00N 304.00 308.00N 8MRL (1 ton paBat) 284 00 mooN MT.00N
      96 words
    • Article
      Lock icon ISO meeting fixes export quota
      493 4 AFP THE International Sugar Organisation (ISO) started a series of meetings this month to discuss the world supply and demand situation for this year and to confirm members' export quotas. Arrangements regarding the establishment of the special stock fund, which is derived from world trade
      AFP  -  493 words
    • Article
      Lock icon Palm oil estimates
      139 4 Reuter PENINSULAR Malaysia crude palm oil stocks fell to an estimated 107,000 tonnes in February and 85,000 tonnes in March from 112,576 in January, the Palm Oil Registration and Licensing Authority (Porla) said. The estimate, the first reported by Porla for stocks, was carried in its May
      Reuter  -  139 words
    • Article
      Straits Tin
      91 4 THE STRAITS tin price in Penang yesterday fell another three cents frem Saturday to M 529.29 a Idle, despite evidence of buffer stock manager being a net buyer, dealers said. The fall takes the level further «town the ITA's tower range of $27.28 to $99.91 and the buffer
      91 words
    • Article
      CLOSING PRICES
      34 4 Rubber: May 25 Singapore: June: 264.00 cents (down 0.50 cent) Malaysia: June: 274.50 cents (down 1.00 cent) Tin: M 529.29 per kilo (down 3 cents) Official offering: 218 tonnes (down 12 tonnes)
      34 words
    • Article
      Lock icon Rubber sales
      115 4 UPI THE United States remained Malaysia's largest buyer of rubber last year with purchases totaling 237,350 tonnes, a drop of 112,335 tonnes compared to last year's Imports, dealers said recently. China took second place with 192,890 tonnes, up 33,754 tonnes against last year's figure. The Soviet Union moved
      UPI  -  115 words
    • Article
      Produce exchange
      175 4 CHINESE Praiaee Exchange, Singapore, noon eMag price* per lllkg yesterday. CtcMNt «II: Bulk fob 1115.00 sellers, old drum (in second hand drum) fob $128.00 sellers, new drum fob $134.00 sellers. Cap»: Mixed (loose) $67.00 buyers. Pepper: Muntok white pepper fob Asta NLW $415.00 sellers. Sarawak white pepper faq
      175 words
    • Article
      TEXTILES
      132 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa yam: China Blue Phoenix 20s 2,290 32s 2,770, 40s 3,040 (per bale of 400 lbs). PaUataa raw cattaa: LSS 5.86, 4F 5.85; 289F 5.88; NT roller ginned 5.87 (per lb). CLOTH in
      132 words
    • Article
      RICE
      324 4 SINGAPORE: Yesterday's closing prices in S) per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.08, 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
      324 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      162 4 Eastern Watch Peninsula Plaza~a very special place to buy a watch mmm I fIHHT Eastern Watch, G1 and 3 IPeninsula Plaza. If you are thinking of buy ing BHkCL a watch, that's perhaps the best address in Singapore to come to. Here you find a HHH HHHHHHI magnificent choice prestigious
      162 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      300 5 p.a KBs LATEST INTEREST RATES 10 branches to serve you: AngMoKlo Bedok Boon Lay Buktt Merah Katong Middle Road North Shenton Way Serangoon Ylo Chu Kang Blk 233 Ave 3 Tel *****66 Blk 416 Bedok North Ave 2 Tel *****11 Boon Lay Shopping Centre Tel *****58 Blk 162 Bukit Merah
      300 words
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  • OVERSEAS
    • WORLD IN BRIEF
      • Article
        Lock icon INVESTMENT TOPS HK$2b
        399 6 Agencies FOREIGN companies have invested HK$2.2 billion as of the end of March in China's Shenzhen special economic zone next to the Hongkong border, the New China News Agency said. It said that 600 projects had been set up or were being built in the 320-square-km zone
        Agencies  -  399 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      720 6 ARRIVALS Service Local From Operator Number Time RBA BI427 0930 BWN MAS MH671 1000 PEN/KUL SIA SQ201 1000 HLP CAL CI814 1006 HLP CPA CX710 1005 HLP GU GA850 1030 HLP SIA SQ103 1045 KUL GIA GA908 1045 MES MAS MH605 1045 KUL PAL PR501 1055 MNL
      720 words
    • Article
      Lock icon Saudis are pressured to cut oil production
      624 6 Reuter, UPI SAUDI Arabia, which supplies 20 per cent of the West's oil and would like an 18-month freeze on present prices, is under pressure to raise tariffs and cut production in talks which started in Geneva yesterday. Other countries in the Organisation
      Reuter,; UPI  -  624 words
    • Article
      Lock icon Six Arab oil states to form regional grouping
      293 6 Reuter THE RULERS of six Arab oil states met in Abu Dhabi yesterday to inaugurate the Gulf Cooperation Council, designed to link their countries in a grouping similar to the European Economic Community (EEC). The long-term aim of the council is to
      Reuter  -  293 words
    • Article
      Lock icon Polish students in protest marches
      368 6 UPI POLISH students yesterday vowed to go ahead with marches protesting political arrests and demanding the release of political prisoners, despite warnings their action would only stir up more tension. Spokesmen for the independent students' union and the Solidarity independent trade union organisation said marches
      UPI  -  368 words
    • Article
      Lock icon Begin says Soviets are involved in Lebanon
      452 6 UPI Reuter, AFP ISRAELI Prime Minister Menachem Begin has put the Soviet Union squarely in the middle of the Lebanese crisis by charging that Russian advisers are accompanying Syrian units in Lebanon. Mr Begin's surprise disclosure on Sunday came as US envoy Philip
      UPI; Reuter,; AFP  -  452 words
    • Article
      Lock icon Sudanese move to heal rift
      176 6 UPI SUDAN has proposed an Arab summit conference to heal the rift between Egypt and Arab opponents of its peace treaty with Israel. President Jaafar Numeiry said it does not stand to reason that Egypt should be at peace with Israel and at odds with
      UPI  -  176 words
    • Article
      Lock icon China increases machinery and equipment exports
      302 6 AP CHINA boosted its machinery and equipment exports by 69.7 per cent in the first four months of this year from January-April 1900. The official Xinhua news agency reported on Sunday that for all of 1980, China exported US$72O million worth of machinery and
      AP  -  302 words
    • Article
      Lock icon BEIJING PLEDGES SUPPORT FOR THAILAND
      135 6 Reuter CHINA will support Thailand against external aggression, the New China News Agency said. The pledge was made at a banquet in Beijing on Sunday night in honour of Thai Air Force Commander Air Chief Marshal Panieng Kantarat, who is the second senior Thai officer
      Reuter  -  135 words
    • Article
      Lock icon Honecker to buy high technology from Japanese
      329 6 Reuter EAST GERMANY is expected to order advanced industrial technology worth hundreds of millions of dollars during a six-day state visit to Japan by Communist leader Erich Honecker starting today. Trading sources in East Berlin confirmed reports from Tokyo that negotiations are already
      Reuter  -  329 words
    • Article
      Lock icon Aluminium refiners in Japan hit by US imports
      584 6 NYT JAPANESE aluminium refiners, already hurt by high energy costs and sluggish domestic demand, are complaining that cheaper American imports have further damaged their beleaguered industry. "In 1978 and 1979 we scrapped a half-million tonnes of capacity, and we are now operating
      NYT  -  584 words
    • Article
      Lock icon Marcos' new move to bring out the voters
      174 6 Reuter PHILIPPINE President Ferdinand Marcos, in a bid to counter a boycott campaign against Presidential elections next month, has announced a new move to bring out the voters. He said a referendum would be held on the same day as the Presidential
      Reuter  -  174 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      151 6 Before the all familiar hello £555 appears at the end of the line. By then you would have been pleasantly entertained by our favourites. Like Send In The Clowns, You Light Up My Life, Candy Man, Tea For Two. Just to name a few. We're talking, of course, about our
      151 words
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      Page 6 Advertisements Column 2
      118 6 vA P i*-- m ttciom «0« »OUT« Ktrtia STHL(S£.AJPTE LTD Unit 1003, 10th Floof, Tan Boon Liat Building, Out ram Road, Singapore 0316 Tel: *****47 (3 Lines) CaWe: STIHLSEA Tele* RS ***** ANTWERP JOHANNESBURG HONGKONG PRESIDEX IV'&Solu LOS ANGELES 1 STOCKHOLM I THE PRESIDIUM DIAMOND EXCHANGE SINGAPORE: 10th Floor, Wattngton
      118 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Contribution to Gen-Saki
      297 7 Reuter MITSUI Bank Ltd has become the first Japanese city bank to supply funds to the Gen-Saki market, a relatively free bond market on a repurchase basis, attracted by higher interest rates than those on other short-term money markets. Japanese city banks were allowed by the Bank
      Reuter  -  297 words
    • Article
      Lock icon Indonesian bonds
      113 7 AFP. AN INDONESIAN state company has started selling bonds to the public amounting to US$32O million to help finance the building of toll roads in the country. The bonds are issued by the state-funded company Jasa Marga (road service) which registered the bonds being floated with the capital
      AFP.  -  113 words
    • Article
      Automated services
      479 7  -  Sy LILLIAN CHEW BANKING in the '80s will be shaped by future technological developments, particularly in electronics and computers. The outstanding feature will be a reduction in branch offices and the emergence of electronic funds transfer. This scenario was painted by Dr Dimitris Chorafas, a leading computer expert
      479 words
    • Article
      Re-elected
      60 7 THE SINGAPORE Merchant Bankers' tufhtln reelected the feltewiag to tto CMudl at Its aaaaal geaeral meeting an May 8: tuning Brothers Asia, Dreadaer (Saath-eaat Aria), Margaa Greafell (Asia), Margaa Gaaraaty Padfle, Wagapare latomattoaal Merehaat Baakers, and Standard Chartered Merchant Bank Asia. The new canned respprinted Standard Chartered Merchant Bank
      60 words
    • Article
      Approved
      29 7 THE PORTUGUESE ParUameat appwwl a Mil to allew the epenlng af private haaks and Insaraace csmpa ales far the drat time rinee hath sectors were aattona Itoedln IVU.
      29 words
    • Article
      Lock icon MORE SEEK OPENING IN INDIA
      415 7 Reuter SIX MORE foreign banks are awaiting permission to open branches in India following the relaxation of restrictions on entry. A Reserve Bank of Inrit* official said five foreign banks were allowed to open branches in the country last year, bringing the total to 16.
      Reuter  -  415 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        384 7 THE US dollar opened weaker from the weekend's close at the Singapore market yesterday. Trading was generally quiet and the dollar firmed somewhat against major currencies. The dollar opened at 2.3030/35 against the mark and closed at 2.3115/25. Against the yĕn, the dollar opened at 221.10/20 and closed
        384 words
      • Article
        PLR
        22 7 THE average rate at which major Singapore banks are currently prepared to lend to their beat customers is 12.52 per cent.
        22 words
      • Article
        TOKYO
        110 7 THE US dollar for overnight delivery yesterday closed at 222.50 yen compared with a 222.20 opening here, a 222.25/45 closing in New York, 222.20/40 on the West Coast and 222.80 here last Friday, dealers said. Trading was light with volume US$72O million. The market was quiet with the dollar
        110 words
      • Article
        GOLD
        205 7 SINGAPORE gold futures yesterday closed generally easier compared with Friday's closing levels on lack of interest. Trading was quiet throughout the day ahead of yesterday's bank holiday in the UK and the Memorial Day holiday in the US. Total sales for the day was recorded at 40 lots while
        205 words
      • Article
        Silver quotes
        36 7 New Yort 10.70B 10 BR 10.S0S 10JBS Zurich 10.SB 10. TB 10BS 10.10S Km ra Singapore 10.30B 10.C0B 10 706 10 MR Owing pric :«1* US dollar* troy ounc t. Source: Credit Suisse, S'pore.
        36 words
      • Article
        Hongkong
        191 7 THE US dollar yesterday fell further against other major currencies in late foreign exchange trading, dealers said. The dollar had fallen in early trading following news on Friday of an unexpectedly large decline in the latest US money supply figures, they said. The dollar fell to a late 2.2990/2.3000
        191 words
      • Article
        ASIAN $
        170 7 ASIAN ASIAN currency deposit interbank rates as at close on May 25. Closing Asian dollar certificates of deposit for prime names on May 22: 7 days 1 month 2 months 3 months 0 months 9 months 12 months US Doilsn<Spot) Offer Bii 193/10 191/10 19'* 19 19'* 19 19'* 19
        170 words
      • Article
        Discount
        48 7 RANGE at prices offered by discount houses on May 25: Overnight: 6"it Call deposits: OH* to «W* (Mm Bnyiac Selling 3-month Treasury bills flW OH 3- month Bank bills 127/18 12 5/10 3 months CD 1113/10 11 11/10 0 months CD 11 10"* Source: National Discount Co
        48 words
      • Article
        Frankfurt
        32 7 FRANKFURT exchanges opening quotes on May 25: US 2.2985/3000 St£ 4.785/796 Can 1.9004/27 DF1-90.11/25 S Fr -112.05/18 Lit 2.010/014 F Fr 41.58/86 N Kr 40.37/43 B Fr (fin) 5.985/995 Yen 1.0366/78
        32 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      44 7 DIAMONDS N VSI I i \\i fV PRESIDEX FOR GEM INVESTORS rrarirlhirr Diamond Pn Ltd TOth Flow, wdlmgion Building. 20 Meford Road. Singapore 0922 T«l 734W6/7 Tele* 26%7 wotid like to know more about diamonds for safe and profitable investment Please contact me »oon
      44 words
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      Page 7 Advertisements Column 2
      1094 7 CARRY YOUR BUSINESS CONSTRUCTIVELY < at Asia's leading exhibitions for materials handling, containerisation, construction and public works. mmcmmm Southeast Asia 3rd International Exhibition of Materials Handling and Physical Distribution Equipment. CONPEX-ASIA '81 Southeast Asia 3rd International Construction Equipment Public Works Exhibition 16-20 June 1981 World Trade Centre, Singapore If you
      1,094 words
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  • Article
    Need to publish and be safe
    434 8 THE MINISTER of State for Culture's verbal attack on local publishers at the start of a publishing seminar must have come as a surprise to his hosts. Opening speeches are normally pleasantries peppered with exhortations to the industry concerned to upgrade and improve its
    434 words
  • Article
    Order must return to property market
    289 8 RISING costs are never welcome, and Jurong Town Corporation industrialist-tenants have good reason to complain about the double-barrelled effect of the current inflated property market on their operating costs. On the one hand, the amount of property tax they pay is linked to the
    289 words
  • Article, Illustration
    Lock icon Medium-range gamble
    1506 8  -  Bv MICHAEL DONNE FT. SOME TIME over the next few months, Britain will have to decide whether to pump perhaps as much as £400 million extra cash into the aerospace industry. The money is needed to help develop the British share of a new aircraft in the Airbus
    FT.  -  1,506 words
  • Article, Illustration
    AIRBUS INDUSTRIE
    152 8 AIRBUS INDUSTRIE, the European consortium building the A--300 and A-310 et airliners, is a "Grouperment d'lnteret Economique This means that it has no capital of its own, but is backed by the capital and manpower and other resources of all its partners. These are: Aerospatiale (France), 37.9 per
    152 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      651 8 -11-OK CROSSWORD CRYPTIC PUZZLE ACROSS 1 Part of the body a church established? (5) 6 They come in their hundreds (5) 9 Where to tuck one's skin away to save it (7) 10 Mark a twin? (5) 11 Invader who started rowing to an island (5) 12 Many are inclined
      651 words
    • Miscellaneous
      Page 8 Miscellaneous Column 2
      724 8 SSI Pursued by hired killers FANB sf Ftml Pbty (ehaaael 5, 8.45) shouldn't miss toaight's "Terrible Tan CHara" which is the last ■ts>de in the current aerie*. Tucker's prospect sf a ramaatle wcckead with Gloria is skattend whea she Mies ta give shelter ta a aiae-year-aid girl whs is belag
      724 words
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  • Article, Illustration
    Lock icon OPENING SOON?
    1039 9  -  Manila is a tourist's paradise. To meet the strong uptrend in passsenger traffic, the new Manila International Airport is being constructed and it is to be ready by Well, the massive air terminal complex is already five months behind its original completion schedule and... Let JARA B tell
    Depthnews.  -  1,039 words
  • Article
    Lock icon Comeeon's umbrella won't open
    848 9  -  FORUM I with TOM HENEGHAN Reuter WESTERN bankers seem to have finally lost faith in the Comecon "umbrella theory", the belief that the Soviet Union would bail out any other communist country in debt to the West. The case of Poland, which is seeking to reschedule
    Reuter  -  848 words
  • Article
    Lock icon Integrated village energy system
    639 9  -  By TOM LEVENSON Reuter THERE are hundreds of villages like Pinamuk-An in the Philippines. This is precisely what makes it special to promoters of a new approach to rural development In the Philippines. In the next few months, after nearly two years of waiting, Pinamuk-An will
    Reuter  -  639 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      12 9 FURNITURE VU I H Touch of Class LUXURY INTERIORS PTE. LTD. 321,PkJzaSinoapura
      12 words
    • Advertisement
      Page 9 Advertisements Column 2
      206 9 The new Super 80 is 50% quieter and uses 30% less fuel. And it's 100% ready. Now!" Pete Conrad Fcxmer Astronaut Senior Vice-President Douglas.Aircraft Company "Our new Super 80 is the first of the new generation of jets. It's proving itself in service. And its performance is astonishing. "The Super
      206 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Strong retail sales
      547 10 NYT A REBOUND in consumer confidence and spending, especially last month, spurred earnings of some of the United States' largest retailers for the quarter ended April 30. Sears, Roebuck and CO, the No 1 retailing firm, reported that earnings rose from US$59 million in last year's first
      NYT  -  547 words
    • Article
      SAUDI-DOW PROJECT
      137 10 SAUDI ARABIA has signed an agreement with Dow Chemical Co of the US to build a Saudi Riyal petrochemical plant. State-owned Saudi Basic Industries Corp (Sabic) and Dow Chemical Saudi Arabia agreed to be equal partners in a new company, Arabian Petrochemical Company (Petrokemya), which would build and
      137 words
    • Article
      M. MINING HIT BY HIGHER COSTS
      106 10 MARINDUQUE Mining and Industrial Carp, reparting a first quarter lass af US$B5.B million, blamed increased operating costs, especially far oil and related pradncts, increased interest expenses and lasses from the saie sf cobalt cathodes. Marindnqne president Jesus Cabarrus said nickel aperatiens in the quarter
      106 words
    • Article
      IH-Caterpillar deal
      351 10 INTERNATIONAL Harvester (IH) and Caterpillar Tractor Co have signed a definitive agreement on the sale of IH's Solar Turbines International Division to Caterpillar for US$5O5 million. The announcement was made jointly by Lee Morgan, chairman and chief executive officer of Caterpillar, and Archie McCardell, IH chairman and chief
      351 words
    • Article
      Lock icon MGM's buy
      79 10 Reuter TRANSAMERICA Corp agreed to sell its United Artists Corp subsidiary to MGM Film Co for US$3BO million. Under a definitive agreement approved by directors of both companies, MGM Film will pay $250 million of the purchase price when the transaction is completed, with the balance paid by
      Reuter  -  79 words
    • Article
      Marginal rise expected
      140 10 MITSUBISHI Electric Corp expects its after-tax profit for the year ending next March to rise slightly to about 24 billion yen from 23.19 billion last year on sales up at about 1.34 trillion yen from 1.22 trillion. This is because the Japanese economy will recover steadily this
      140 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      713 10 "The American Express Card serves you well, wherever good food is served". r übertud ©rill For lunch. For dinner. For a richly rewarding experience. Businessmen's l.un< h Mnrniav ii> I-1 i< I.i' Sl!( ;>(( 10' Sl'iakc i hai n't* V. cess .Javanese Kijstafel Saturday A- Sun< 1.1> $17."><1 10'. service
      713 words
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      Page 10 Advertisements Column 2
      207 10 See Page 12 for Asian stocks The Dragon Palace Restaurant a where you can dine in regal splendour and dance to the mellow sounds ot yesteryear with "The Zodiac" Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy twosome! a CotiqrtHefcl Ox My
      207 words
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  • COMPANY NEWS I
    • Article
      Lock icon HLI advantage
      781 11 mm.™ by HOCK LOCK SIEW STOCK market dazzler Hong Leong Industries (HLI) is by no means at the end of its acquisition trail. One only needs to look at the performance of its share price to know that investors are continually buying into expectations. Even at the current
      by HOCK LOCK SIEW  -  781 words
    • LATEST RESULTS
      • Article
        TRONOH Mines Malaysia
        48 11 yesterday announced a 36 per cent fall in group pretax profits to MJ19.3 million from $30.2 million for the year ended Dec 31, 1380. A final dividend of 55 cents per share has been recommended, making a total of 110 cents gross for the year.
        48 words
      • Article
        DAH YUNG Steel Co Ltd:
        69 11 Audited group pre-tax profit of $1.4 million ($1.2 million) for the year ended Dec 31, on turnover of $7.3 million ($7.1 million). Parent company pre-tax profit came to $1.5 million ($1.2 million) on turnover of $6.9 million ($7.1 million). The company is paying a first
        69 words
      • Article
        JACK Chia International Ltd:
        51 11 Final dividend 12 cents (11) for the year to March 31 1981, and two-for-five bonus issue, making a total of HK 20 cents (18Vi). Net profit after tax and extra ordinaries came to HKJ2I.2 million ($18.96 million before extra ordinaries). Books close from July 18 to
        51 words
      • Article
        PREMIUM Holdings Bhd:
        55 11 Group net 1980 profit of M 51.02 million ($770,000) on turnover of 511.29 million ($ll-30 million). Parent company net profit came to $1.01 million ($890,000 million). The company is paying a final dividend of 6 per cent gross (same), payable on June 18, making a total of
        55 words
      • Article
        MALAYSIAN Oxygen Bhd:
        88 11 Unaudited pre-tax profit of M 54.29 million ($2.89 million), for the six months ended March 31 on turnover of 130.04 million (126.77 million). The company is paying an interim dividend of 8 per cent gross (nil) payable on July 15 to shareholders registered on June 19. The
        88 words
      • Article
        YEO Hiap Seng Ltd:
        115 11 Unau- dited group pre-tax profit of $3.3 million ($5.2 million), for the six months ended March 31, on sales of $38.2 million ($28.6 million). Parent company pre-tax profit came to $3.1 million ($4.1 million) on sales of $37.1 million ($28.2 million). The company is paying an
        115 words
    • Article
      COMPANY BRIEFS
      205 11 THE KUALA Lumpur Stock Exchange has queried Faker Merlin about its acquisition of the entire issued capital of Grudvtew Development Ml Bhd. It has asked for the date of Grandview's incorporation, the names of the directors and their respective shareholdings, the expected effect of the acquisition on Faber
      205 words
    • Article
      TRADERS EXPECTING HANDSOME SURPLUS
      736 11  -  By KOH TSE YING ALTHOUGH the partial divestment of Straits Trading's smelting business will reduce operating profits, the restructuring exercise will rake in a handsome surplus to be placed in bank deposits or securities. Also, it is hoped that additional interest income will help offset any
      736 words
    • Article
      NOL stake
      75 11 NEWLY-LISTED Neptune Orient Lines (NOL) through its subsidiary Neptune Agencies Pte Ltd has increased its shareholding in Kawasaki Singapore to 44 per cent from 10 per cent. The other shareholders of Kawasaki Singapore, which has an issued capital of $150,000, are Kawasaki Kisen Kaisha (51 per cent), and
      75 words
    • Article
      BELMONT GOES TO BOVIS SEA
      500 13 BOVIS South-east Asia over the weekend won the approval of creditors and purchasers in the long-delayed Belmont Centre project, thereby paving the way for completion of the showcase building. However, the approval followed a revision of the terms of the offer by Bo vis SEA
      500 words
    • Article
      YHS Ltd profits also hit by higher costs
      239 13 JUST like Its Malayslaa counterpart, Ye* Hlap Seag Ltd f**ad itself fighting hard against Increasing easts daring the Brit half el Its financial year eadlag September Ml. Altheagh Mies were up to expectations, Inflation aad poorer ecatrihattoas from YHS's associates aad subsidiaries
      239 words
    • Article
      Mega in Sabah
      426 13  -  By THE CITY STAFF MEGA Chemicals has announced that it is acquiring the entire issued capital of two companies engaged in cocoa cultivation in Sabah Kalumpang Estates Sdn Bhd (Kalumpang) and La dang Sumundu Sdn Bhd (Sumundu) as a further step towards diversifying into agro-based industries. The
      426 words
    • Article
      Sealion ahead
      406 13 SEALION Hotels Ltd, owner of the 824-room Hyatt Regency Hotel along Scotts Road, is optimistic about the future and, like several other local hoteliers, has submitted plans to expand its operations. Sealion chairman, Mr Enrique Zobel, is confident that the company will "continue to show improvements in growth
      406 words
    • Article
      Hongkong Land development projects at record level
      834 13 THE HONGKONG Land Company has 41 development projects in hand, more than at any time in its history, according to the company's annual report mailed to shareholders today. The report gives details of three previously unannounced new projects a residential development in Tai
      834 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      143 11 UP PRODUCTIVITY! International specialists in on-the-job training will show you how to boost profits. In Singapore one week only June 1-5. Confocf J.P. Jones, Pres., J A 8 Associates B.T. Box 5280 No 1, New Industrial Road Singapore 1953 NOTICES THE SANWA BANK, LIMITED SINGAPORE BRANCH U5520,000,000 Negotiable Floating Rate
      143 words
    • Advertisement
      Page 11 Advertisements Column 2
      281 11 Somebody called us busybodies the other day. and he isn't wrong. Our are so wide-ranging they-ii fill fiSSg* pages. They V %£Z&f i^F range from ships to fertilisers, cars to chocolates, tractors to computer systems. In short, our interests are multinational and multifaceted. With a history and tradition of entrepreneurship
      281 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2123 12 BID and otter 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 Acma (3168) (1)314
    2,123 words
  • Article
    Unit trusts
    192 12 SINGAPORE UNIT TRUST fu —f—' prim tar May M) The Commerce 3.78 3 97id The Savings Fund 2 13 2 26 S'pore Prof Fund l.B 1.73 S pore Sec Fund 2.53 2 66 S pore Invest Fund 143 2.35 S'pare Equity Fund 1.55 1(4 DIAMOND MOT STORE (Managers'
    192 words
  • Article
    SHARE INFORMATION SERVICE
    2760 12 1M1 Hi(k Low Company Last Sale Gr"a Div +©r- Gr's Net Div Yld P/E Vol Day Cvr ('000) High Low 8ECT10N ONE INDUSTRIAL COMMERCIAL 424 334 312 420 200 410 950 965 Vj 430 320 Acraa Alcom 130 Allied Choc 161 BAT 330 Bat* 110 Ben 360
    2,760 words
  • Article
    In Kuala Lumpur
    1923 12 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUSTRIALS kkmrn (4.105) (7) 4.11 (I) 4 20 (I) 4 16 (3)
    1,923 words
  • Article, Illustration
    Trading at SES turns very quiet
    818 12 THE BTOCK market ipwrf steadier after last week's setter Mfcrtm hat drifted eff befere tke msralag eaded. Tke weead tradlag aeaalea wai equally aalaspirtag aad prices eleeed easier. Bayiag sappert retaraed at tke meralag epealag aad share prices improved acrass tke keard after -a
    818 words
  • Article
    Kuala Lumpur closes easier
    507 12 TRADING continued to be slow with sellers still making their presence felt at the Kuala Lumpur Stock Exchange yesterday. Despite a steadier start, share prices fell back by mid-morning as sellers moved in. Thereafter, an easier bias was noted. Selected stocks in industrials continued to display
    507 words
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  • ASIAN STOCKS
    • Article
      Share prices rise
      398 13 TOKYO SHARE prices yesterday rose on buying interest over a wide front, after Saturday's light setback, dealers said. The market average gained 34.69 to close at 7,560.77. Trading was slow with volume 350 million shares for end-month reasons and because of a lack of fresh factors. The
      398 words
    • Article
      Hongkong
      185 13 TOTAL turnover yesterday slipped to HK$44l million as the market dropped 7.7 points. Hang Seng Index: 1588.90 (-7.71 Tirnover: HKJMI.O6 million. hm: UK See. CbeuaeEeae gSuguizzi XI.* ZI IXJO 44 unch Cttf Howl Cttjr Urban Craa*'Itaffe Tunnel ■Mt i* Rtm Ul 41 ru But ten Phiw> Aiian Hull Ud|
      185 words
    • Article
      Sydney
      171 13 OIL stocks continued to dominate yesterday amid hopes the Blina oil discovery could lead the to proving up of a major oil field in Western Australia's Canning Basin. Despite demand for oils, the All-Ordinaries index rose only 4.1 points to 710 as nervousness over a rise in us prime
      171 words
    • Article
      Bangkok
      84 13 MAT ADa Credit Bahta m 1 Ektnfkok 111 at ua ♦J .1 I'"* 1 JE m +«J Ctoudiaar IndoThai u Industrial rinan Ot Oorp Run* Tww BatMj lawI Mt -1 -U 1 M Saba PIMM Maplbul Mm Union Sane 8uk ZZZ m unci i jy'jji r 1 ki** ao
      84 words
    • Article
      Manila
      107 13 THE stock market yesterday closed lower but turnover remained steady at 1.2 million pesos, dealers said. MAT Pm» Acoja "«""t MM tUW AUaa Coo A Ada* COO. B. «00 Bwuk) Ootd M «UN BmhM Oob. B «00 unch BP Ooodrtcb MJO «-0J CDCT MO -A1 In CO B. LandoU
      107 words
    • Article
      Selected indices
      30 13 H.K.HANG SENG Monday 1588.90 Friday 1506.62 Week Ago 1562.23 AUSTRALIAN INDUSTRIALS Monday 144.7 Friday 744.8 Week Ago 744.1 all ordinaries Monday 710.0 Friday 705 8 Week Ago 688.9
      30 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      139 13 TACO BELL IS COMING TO SINGAPORE Hawaii franchisee of largest Mexican fast food restaurant chain in the United States is looking for prospective Singaporean portner. General qualifications for partner: 1. Restaurant business owner/operator who wi be working partner 2. Approximately $500,000.00 (U.S.) initial capital by Singaporean partner 3. Real estate
      139 words
    • Advertisement
      Page 13 Advertisements Column 2
      890 13 KIAW AIK HANG FINANCE COMPANY LIMITED (Incorporated in Singapore) BALANCE SHEET AS AT DECEMBER 31,1980 SHARE CAPITAL Authorised: 50,000 shares of B*loo each Issued and fully paid: 17,000 (1979 10,003) shares of B*loo each STATUTORY REBERVE FUND RETAINED PROFITS CURRENT LIABILITIES Fixed deposits Savings deposits Interest payable on fixed deposits
      890 words
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  • Article
    Adcom teams up with US agency
    512 14  -  By TSANG SAU YIN THE seventh largest advertising agency in the United States, Grey Advertising Inc, has formed a partnership with a local advertising agency, Adcom Advertising, Marketing and Communications (S). The agreement, signed yesterday between Bruce McDonald, Grey's regional director (Pacific sector), and
    512 words
  • Article
    Lock icon Egyptian, US and Sudanese embassies attacked
    156 14 AP UNIDENTIFIED gunmen fired grenades at the US, Egyptian and Sudanese embassies in Beirut early yesterday in what police described as coordinated attacks apparently related to the reconciliation between Egypt and Sudan. There were no injuries in any of the attacks, which occurred about
    AP  -  156 words
  • Article
    Harun will be contesting Umno elections
    323 14 FORMER Selangor Mentri Besar Datuk Harun Idris will definitely be contesting the Umno elections at the Party's General Assembly in Kuala Lumpur on June 26 even though the amendments to the Societies Act have come into force. But Datuk Harun has still not decided
    323 words
  • Article
    Lock icon Malaysia was victim in venture, assembly told
    190 14 AFP A GOVERNMENT backbencher in the Jehere State Assembly km claimed that the Malaysian government was cheated la a joint-venture project between a Japanese firm, SB Shehuhln International Limited, and a Jehere govern ment plantation company, Kejera. State asoemhlymaa Datnk Low Tong told
    AFP  -  190 words
  • Article
    Lock icon INDIA TO BUY SUBS FROM WEST GERMANY
    151 14 AFP INDIA has asw OmIM tte deal wMli West Germany far aeqaMtlaa «f nlmirtaM, Prow Tract af ladla (PTI) reported yesterday. (Mag lafMined mrew, tte tgeaey said tte deal, which kUruiitoi "Utile rough weather" heeaase of certain reservations by tte West Germaa gaverameat,
    AFP  -  151 words
  • Article
    Lock icon Yamani prepared to discuss price increase
    509 14 AFP SAUDI Arabian oil minister Sheikh Ahmed Zaki Yamani yesterday indicated that he might be prepared to discuss raising Saudi oil prices by US$2 a barrel to $34 when oil ministers from the 13 Organisation of Petroleum Exporting Countries (Opec) begin their meeting in
    AFP  -  509 words
  • Article
    Lock icon US nuclear alarm has failed repeatedly
    461 14 Reuter THE UNITED States' multi-billion dollar nuclear attack warning and world-wide communications network has broken down repeatedly in crises. According to a report by the General Accounting Office (GAO), the investigative arm of Congress, US security has suffered due to bungling and the Defence
    Reuter  -  461 words
  • Article
    Lock icon Sri Lanka urges Asians to spread regional news
    195 14 AFP ASIAN countries, while criticising Western news agencies for an information imbalance, did nothing to disseminate information about themselves. Anandatissa de Alwis, Minister of State (Information and Broadcasting) spoke at the inauguration of a four-day conference on news exchanges among Asian countries
    AFP  -  195 words
  • Article
    Civil service head
    52 14 IN yesterday's front page article on Government CATS out to hunt talents, it was erromeously mentioned that Mr Tan Teck Chwee is head of the Civil Service. Mr Tan is, in fact, chairman of the Public Service Commission. The head of the Civil Service is Mr Sim
    52 words
  • Article
    Lock icon Demand to ban US carrier rejected
    362 14 Reuter THE JAPANESE government, under strong criticism for its security policies, yesterday rejected a Parliamentary demand to ban the US aircraft carrier Midway from returning to its home port in Tokyo bay. Foreign Minister Sunao Sonoda turned down the demand, posed by Communist parliamentarian
    Reuter  -  362 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      230 14 J MARKETING FOR ACCOUNTANTS by Malcolm McDonald, M.A. (Oxon.) M.Sc., Director of Marketing Planning, Cranfield School of Management, U.K. June 25th 26th, 1981 Accountants and marketing practitioners work together continuously in industry and commerce. They do so from distinctly different professional backgrounds, and sometimes without too much understanding of the
      230 words
    • Advertisement
      Page 14 Advertisements Column 2
      71 14 See page f Services in die area of International and Domestic Banking like: Financing of Local and International Trade. Working Capital Financing. Project Financing. Loans Syndication Local and Foreign Currency Deposits. Foreign Exchange. There's more to our services. And more to IBS. Call for Quek Kheng-Sing. Credit Marketing Department Tel:
      71 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      62 14 Outlook for Singapore from 6 a.m. to 1 p.m. today: Cloudy with showers in many places. Reptrt for 24 Imvb prtor to 7J9 pan m May 2$ the airport. Maximum temperature 30.6 Associated humidity 74 Minimum temperature 23.4 Associated humidity 95 Hours of sunshine 2.45 Rainfall in millimetres 0.1 Total
      62 words
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  • SHIPPING TIMES
    • Article
      Solas protocol may benefit repair yards
      376 15 SHIPREPAIR yards around the world can expect to benefit by millions of dollars from the introduction of the Solas (Safety of Life at Sea) protocol. But shipowners may wait until the end of the two-year time limit for the retrofitting of inert gas systems
      376 words
    • Article
      Cargo surveyors facing problems at Port Klang
      655 15  -  By VONG NYAM MING CONSIGNESS at Port Klang are alarmed by Port Klang Authority's (PKA) apparent move to disallow cargo surveyors from inspecting cargo within port premises. Importers collecting cargo discharged at Port Klang claim some PKA traffic officers are arbitrarily restricting cargo
      655 words
    • PORTSIDES
      • Article
        Lock icon Hydrofoil passenger boats
        92 15 AFP INDONESIA hopes to start producing hydrofoil passenger boats by 1963 for use on inter-island routes, Indonesian Minister of Research and Technology Dr B J Habibie said. The boats, projected to carry 297 passengers and capable of 40-45 knot speeds, will be built by the naval shipyard
        AFP  -  92 words
      • Article
        Lock icon PPA raises rates
        80 15 AFP THE Philippine Ports Authority (PPA) has announced a 20 to 23 per cent increase in stevedoring rates for domestic cargoes and for export and import cargoes. PPA said the increases will take effect on June 17 this year, when rates for domestic cargoes will rise by
        AFP  -  80 words
      • Article
        Lock icon Cosco-MacGregor deal
        85 15 AFP CHINESE shipbuilding and shipping authorities have established a manufacturing plant and two service centres for the internationally-recognised cargo-access equipment manufacturer, MacGregor. The president of the international MacGregor organisation, Mr Henri Kummerman said that the centres located in Shanghai and Huangpu, were set up as a result of
        AFP  -  85 words
      • Article
        Lock icon Lowering surcharge
        68 15 Reuter THE shipping conferences covering trade between Europe and India, Pakistan and Bangladesh said they have cut bunker surcharges on eastbound traffic to 12 per cent from 13.5 per cent and on westbound traffic to 23.50 from 25.5 per cent from yesterday. Member lines of the Ceylon Eastbound
        Reuter  -  68 words
    • Article
      INDEX TO ADVERTISERS
      683 15 SUpptegUM Page C*l Sklppteg Use PV Cai Achipelego vn i Everett Orient IV 4 Adriatic VI 5 Evergreen IV 3 Afea VI s Fesco vn 4 5 Afro-Eurasia vra 4 Flotta Lauro v A1 Navigation VI 2 Fortune VI 5 Alltrans VI 5 Franco-Belg m 4 5
      683 words
    • Article
      Computerising Gothenburg port
      353 16 WIDE-RANGING computerised control of all the major port functions is to be implemented within the port of Gothenburg. The system is being introduced by the central stevedoring body, Gothenburg Stevedoring Co, but relevant functions will also be available to customers, authorities and transport companies. Computerised monitoring of
      353 words
    • Article
      Container Schedules
      906 16 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 Cherry Bunga 1A 25.5.81 1100 Mansfield TA 3 TT Leise Maersk 8105 25.5.81 0700 Maersk 51 TT Hakata Maru 35/225 25.5.81
      906 words
    • Article
      LONDON FREIGHTS
      1509 16 SOVIET operators fixed another vessel on time-charter on Friday with a 28,000 tonner being booked with delivery Cape Passero for a trans-Atlantic round voyage and redelivery UK/Cont Med at U557,775 daily, while Chinese brokers paid $6,600 daily for a 14,000 tonner with Gibraltar delivery for a prompt voyage
      1,509 words
    • Article
      SHIPS IN PORT
      351 17 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anchan (0800 D/L) 35 36 Allied Enterprise (1500 after Singapore Jati) 29/30 Peng Qing (1100 hauls 95m west after Rab) 8/9 Kota Alam (after Kota Abadi) 10/11 Kota Abadi (hauls 95m west after Feng Qing hauls) 10/11 Manoloeverett (0600) 44 Marshal Biryuzov
      351 words
    • Article, Illustration
      EAC wins 2 million order
      192 17 EAST Asiatic Co (EAC) has recently won a $2 million order to supply 11 American-made Hyster forklift trucks to Sea-Shore Transportation. The order comprises various models ranging from 2.5-ton capacity units for stuffing and unstuffing containers to 30-ton capacity forklifts for handling loaded 20-feet containers
      192 words
    • Article
      Lock icon Salvage work again on Pacific Charger
      258 17 Reuter SALVAGE experts returned to the stricken Pacific Charger over the weekend and began flooding ballast tanks to stop her moving on the jagged reef which has held her fast since last week. The 10,000-tonne ship, carrying car components and steel on her maiden
      Reuter  -  258 words
    • Article
      Sea Containers' Contender ships
      249 17 SEA Containers has disclosed that demand for its Contender class ships has been so intense that the company could have easily found employment for 10 of these ships at great profits. The president of the Group, Mr J B Sherwood, said Sea Containers refuses to time-charter
      249 words
    • Article
      Stricter licensing requirements for officers in Panama
      488 17 PANAMA has bowed to international pressure and is to tighten up its licensing requirements for ships' officers. It also plans to hold public inquiries into ship casualties as soon as it can provide resources. New licences are to be issued by Panama starting
      488 words
    • Article
      Lock icon P.O.L. GETS TENDER FOR WOOL SHIPMENT TRIALS
      158 17 AFP THE Polish Ocean Line (POL), through it's agents HC Sleigh, has been awarded a tender for technological trials of wool shipments of up to 60,000 Australian farm bales. This was announced by the chairman of the Australian Wool Commodity Group, Mr Vandervaere.
      AFP  -  158 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1931 21 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 oif three weeks. PN
      1,931 words
    • Article
      MALDIVE LINES
      95 21 ETA ETA ETA STORE KUANTAN PORT KELANG NAZAKAT 3/6 29/5 Loading For Muscat/Karachi/ Dubai/Dammam MALDftE NOBLE 30/5 Loading for Oammam MALOIVE NOVEL In Port Loading for Jeddah MALOIVE UNITY 8/6 Loading For Male MALOIVE MTORTER 30/5 Loading For Male MALOIVE PEACE Sailed Sailed Loading For Kuwait MALOIVE NAVKATOR
      95 words
    • Article, Illustration
      PEOPLE IN SHIPPING
      124 22 OVERSEAS Containers Limited's Far East trade sales maanager, Mr Ronnie Gartoa, is currently spending one week in Peninsular Malaysia to meet local importers and exporters for discussion on trade between Malaysia and the United Kingdom. He will at the same time study the latest developments and facilities
      124 words
    • Article
      Lock icon Mexico's challenge to Panama Canal
      718 22 FT A CREW of Mexican engineers recently risked life and limb to erect a 1,000 tonne East German-made crane in the driving north winds that blow through the Gulf of Mexico port of Coatzacoalcos. They were forced to call off their work until the wind,
      FT  -  718 words
    • Article
      Shipping Events
      281 22 ENERGY saving in skips and transhipment depots in balk trades May 25-26, Asociansion de Ingenieros Navales de Espana symposium. Madrid, Spain. Telecommunications in skipping the vital link May 26-28, Seatrade seminar, American Bureau of Shipping auditorium. New York. Parte* *81 May 26-30, international harbour planning and construction, port
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  • Page 15 Advertisements
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      340 15 PIL GROUP REGULAR CONTAINER FEEDER SERVICE TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE FOR THE PERSIAN GULF AND RED SEA PORTS. Sm Paga V 4§» AR I) 1\ 1 AMAH I Overseas Co*ibu*teA Line T*i FULLY COHTWrOtSH) SERVICE TO EUROK <VU i'ptn PI ln«i I daan Fstwn •acvMja
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      192 15 IaSEALORDH im UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES FULLY CONTAINERISED SERVICE Vessel •«l All IS Qrant (met fa 27/5 1100 HK ICI 26/5 2380 HK At N«m«H *14 Dubai (6'6) Kuwait (8/6). Damnum (116) Abu Dhabi (13 6) Doha (IS/6) Bahraw (17/6) Dubai (20/6) Kuwait (22/6). Dammar*
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      588 15 SINGAPORE •mSTirec FOR PEOPLE WHO MAnER MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: ÜB. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS Saied Safej 1-2/6 8-9/6 15-16/6 22-23/6 M 30 6 74/7 13-14/7 SMM 31-1/6 7-7/6 14-15/6 20-21/6 28-29/6 5-6/7 12-13/7 11l V 3 M I I I II •SHGAPORE CIOSMG
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      868 16 MALAYSIAN INTERNATIONAL SHIPPING CO RPN. BERN AD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR o*o9, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Cwtawtr Sgjtf To Ewtpe feeder *P Aelang Vessel Spore 1) MseiHes 2) (Warn 3) H'burg 4) Gburg B PENAGA Sid TOYAMA
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      Page 16 Advertisements Column 2
      271 16 BBS SUPERCARRIER SERVICE FROM: US QULF US ATLANTIC EAST CANADA KIT MfVUS "BARBER PERSEUS" Mir "BARBER MENESTHEUS" km 5. "BARBER TONSBERG" km 17. "BARBER mi urns Htm smooth it m temmal cooom 47 TO: PANAMA US ATLANTIC EAST CANADA US GULF TO: CALIFORNIA (22 DAYS) VENEZUELA EXPRESS CONTAINER SERVICE ftM
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      Page 17 Advertisements Column 1
      652 17 Overseas B M B Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAROSHP SOMCE TO UH/COWWOT: PUhi Spore UMt nun its «la n. n. w Ika HR.RS Ula 11.111.N 13 Aa IS M W, US atm 22 km M. AS aln 2M
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      Page 17 Advertisements Column 2
      395 17 Fjp Franco Belgian Services mi csmmtxaw ang to wot mi cowtmpsb SKWK t. KEIANC It Hawt tdaa HWf B>i»«ri t'mmp onuo MS 31 May IMm 17 Mm II Mm 22 Mm 23 Mm 25 Mm KOKJM JMXJM KOREA* lACTIWN 7Mm IMM 221 m 231 m 271 M fllw 311 M
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      600 18 n§c I* Hapag-Uoyd TOMRTNDMK L«|tl( y City af EMwih Br mm* Express to memtemaka merit cargo lor CAMMEAA/WEST MDtS Hawta* TW HK S pwe P KtUnf Genoa Trieste 3/6 5/6 10/t 11/6 7/7 13/7 7/C 9/6 U/6 2/7 7/7 15/6 17/6 20/6 21/6 VI (Spore PK 6/6 9/6 Pm BMtao
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      413 18 KOREA LINE SHIPPING CORPN P. Ketone PENANG STORE M.TAM 163* 23-25 May ALTAR 164E 23-25 May T0 BUSAH VEGA 161W 28 June/1 My 2-4 Wy 5-7 My dAHUKUK VEGA 162E 21 June/1 Wy 2-4 Uy 5-7 My TO BUS AN IK KSC KSC KSC KSC KSC KSC KSC KSC KSC
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      Page 18 Advertisements Column 3
      552 18 (7) EVERGREEN LINE r FAR fAST/EUROPE EXPRESS FUU CONTAINER SERVICE ALSO ACCEPTING CARGO FOR: UNITED KNGDOM SOUTHAMPTON, LONDON. MANCHESTER. BIRMINGHAM. BRISTOL. LIVERPOOL, GLASGOW. LEEDS. ETC. WEST GERMANY 6REMERHAVEN, OSLO. STOCKHOLM. GOTHENBURG, AARHUS. COPENHAGEN 1 HOLLAND irnmm !>n MM NMn MM> FMiM* M«"* UJM lorn MM »7s a/I a/I a/i »/i
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      917 18 ymgk Bmm Fivt Star StiifpN»| Corp*. Va u,E I MCTORM I S|Mtl PltlaAf Pmwi PAWN ffM2/M*Ut muHKCTtimi**" Jo/31 Mir HIMTMrm 2/Sta. B F SS C Agents m Moloyvia BOUSTEAO SHIPPING TtL NOS KL *****2/*****9 /i&tl CompMM ArfMtMM D« Tpl>; Nmhom InfarctHtMMtal S. A. C.I. F. \QJ/ "ARGENTINE NATIONAL LINE" LOAOMG
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      324 18 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. 3! SANKYO LINE JAPAN/STRAITS SERVICE EVERUGNT ASM REGULUS SANKONMARU PAZ CSTOLLA OCCAM RESOWCES MORO MMtU TABHO MMU com MO BOOUS SS AGENTS P KELAM vmmm m"muwiT miW i um m mm. mm OCUM 9VPKE SYQK IB: MUM/' MALI CORTMB P. KLME TEL U«7. «7V«
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      969 19 UIAII m. lilM PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH. JEODAH AQABA (Reefer Cntrs Acceptable) a KOTA SAHABAT 9W/10E KOTA BAHABAT 11W/12E SPORE 15-16/6 19-20/7 22-23/6 IST CALL COLOMBO 21-22/6 25-26/7 26-26/6 2ND CALL HODEIDAH 26-26/6 2-2/6 5-5/6 JEDDAH 1-1/7 4-4/6 7-7/6 AOABA 3-3n 6-6/6 6-6/6 13-14/7 16-17/6 16-20/6
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      968 19 HK-. BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE TO EUKOPE Kiu|i Han larfs Bay City ol Ednbufti Bremen Eipress Benaron *o«(oon Bay HonjAonf Eipmi Penary Eiaope Cheery Bunfa In tort Crt» o( Ed Bemaia 31/5 My o» M (mil Ace 5/5 Benaeon Ham 6 tia»e r|ft 25/5 27/5 »t*
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      664 19 V I I I Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE TO MED/UK/NC/SCAN B PIHAGA SM I OAM.IA 21/5 1 PfNAGA 5/4 e DAKIA 12/4 I PINAGA 11/* I MM* M/( I PtNAGA 3/7 DMK 10/7 PtNAGA 17/7 t QAMIA ?4/7 1) B»c«oni Gmu. l«fhon 2) i livtrpod UK Canary
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      591 19 BOUSTEAD SHIPPING AGENCIES la BANK LINE AFRICAN EXPRESS Also occepting FCL containers. Spore: 8/10 June flooding direct for Reunion, Durbon ond Capetown only) Lines U.S. WEST COAST SERVICE lot Dvect trom SFO Lbc* SPO« S B* Tac VBC ASHLEY LYKES Sid SM »/5 25/6 26/6 29/6 LESLf LYKES 13/6 9/6
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      920 20 K LINE KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA no eeh» vessels* r* sr wna*ssEis tk la se tn MbyM kW 28/5 JJ/J Kp» ApOa hruw Bndtt 11/ C 13/7 Fm* Act aw 11/0 bblbni n/« U/7 Alnki Mm 27/0 «/7 Mnu 30/fi 20/7 Nvd St» V-4
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      Page 20 Advertisements Column 2
      563 20 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE tar: lOS ANGELES. SAN FMNCBCO. SEATTLE TACOMA VANCOUVER B C Acctptet( FCI/FCI Cont amort P llMni Singapore I Angttrs mnuraur *jmm mjmm i My AUSTRALIA EXPRESS CONTAINER SERVICE Accaptng Fa/Fa Contactors PKeWng S port Mttb Add Syd A»so acctpts DAS" C I 2/26
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      611 20 y S A. Ciroup SINGAPORE SHIPPING AGENCIES PTE LTD 20TH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LINES) GENERAL *****1 <14 L INESI TERMINAL OFFICE *****83 TELEX RS ***** RS 2SS6B A B CARSHIP CABLE CARGOSMIP S3I SSr WEEKLY CONTAINER SERVICE to/from BANGKOK to ft/27 May 2S/29May 3/4 ton
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      Page 20 Advertisements Column 4
      610 20 KORINS MARITIIVIE SERVICESim Room 601 ICB Building. Shenton Way. Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES \VJC\SAM ICR LINES V A member ol tV Samlck Srrm* cl Co«*a«m LMER SERVICE FROM KOREA/ TUN AM/HONG KONG TO SMGAPORE Inchon Busan Keeling HKong Spore SAM EUN 1
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      718 20 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone **********4057 V\ jrotA«iA£in HOLM KXTOVOT SERVICE TO EUROPE WORLD STM ***** NOftASIA ***** S port P. Keiant Pmn| L«arfM| l«r skm Ikm BOULOGNE/RURM/W (AVON) CM !W DAM/UK (AVON) Aftnts Seaport MTRASEA (PTE) LTD 2352(11 BOOKMG *****57 Lunpur y£o SHPPMG
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      746 21 TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/trom Scandinavia C ROZE S pore Closing Times: FCL Cargo LCL Cargo 0100 30/5 1300 29/5 FROM EUROPE (VIA SUEZ) Also accepting cargo to/from Bangkok and E Malaysia. +A. Asia S pore Closing Times: FCL Cargo 1500 27/5 LCL Cargo 0300 27/5 TO
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      245 21 t KASTKItN (Alt I .IN Kit. III). BLUE MATSUYAMA HUA YUAN KOU ASIAN CLIPPER SUN WAV SLUE KOCH) CAM LINER No. 1 V 33 29/30 May VO2 »May vao 1/2 jww V» IJUM VW 10/11 Juna V4O NNM PortKalang 27/20 May 90/31 May 3/4 Juna IS/11 ANN 12/13 Juna 17/19
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      369 21 m sinsov SINGAPORE SOVET SHTMNG CO PRIVATE LTD SMSOV HUNK 55. fcbrtet Strxt Singapore 0104 Telephone Numbers *****3 (10 Lints) Cable Address SMSOV SINGAPORE Telex Numbers US 213*0 RS ***** RS ***** P KQJMC M/S SHMKAT NM SOON SDN. M> IST AND 2ND FLOOR, NO 1. JAIAN CEMPENMG. PORT WANG
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  • Page 22 Advertisements
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      351 22 NOTICES ATrSAMmS General Survey on damaged cargo discharged ex the above vessel will be held cm Friday 29th May 1981 as from 9.00 am to 12.00 noon. No further survey will be held after this date. A|nk WOBUMnDB PACIFIC MABITDCE (PTE) LTD TEL: ZMOM at PSA GODOWN 1* General survey
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      237 22 WOOD LINE Bulk Timber and Plywood Service UK/CONTINENT SERVICE Sport PKeUnf T(JfeN Loadnc far: GRAND GLOBE NL 003 Sid Sid Sid NMnn/ROM/ UK MOUNT MNER ML *****/6 24/6 16/6 ANT/IDM/ UK SIVER P»E n. 005 1/7 5/7 11/7 jgHTB/WII/ SOUTH AFRICA SERVICE Spar* Loa*« tar SA 001 15/6 l«/ 6
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      211 22 JOHORE SHIPPING LM 161 )At ftN TFNGKU BftORR PORT KEI ANG SfIANGOR MAI fIYSIA HAJ SHIPPING SDN. BERHAD Express Umttoad Service from P. Kdang k East Malaysia Brunei HAYATI V: l/Sl HAY ATI V: 9/11 HAYATI V: 10/S1 HAMDAH V: 9/tl HAMDAH V: 10/81 HAMDAH V: 11/11 P. KELAN6 4/1
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      332 22 KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAN/STRAUS/JAPAN Fully Containerised Service esse! Tokyo Rote S pore Penang P Ketang S pore Tokyo Robe KM) BAY V 6 Sid SM W Std 26/5 21/5 7/6 1/6 KKDSTMV4 21/5 30/5 10/6 12/6 13/6 16/6 26/6 27/6 MGAPORE Boustead Stopping *****4/*****5 I. MALAYSIA Harmon I
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      Page 22 Advertisements Column 5
      249 22 PEACE LINE Regular container FCL/LCL services to Australia Sydney, Melbourne, J&K Adelaide, Brisbane Europe All ports including UK CONTAINER Eagle Arrow V.23(T/S) 18/6 Touranga, Andcrsoe V24CT/S) 1/7 Napier Also calling Hong Kong, Taiwan Japan SOON SENG GROUP Regular Servkc To East M'ua M FONG SUNG Voy 105/S1 FONG SOON Voy
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  • Page 22 Miscellaneous
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      159 22 <31 Regional Weather y 2R \J Ms" /ry 1 ,XXJJ <^> °l -3>« y V» ss "'WfJ LL C^i Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C grower Weather Wind direction with speed in knots
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