The Business Times, 14 August 1981

Microfilm: NL11220
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 FRIDAY, AUGUST 14,1181 60 CENTS
    10 words
  • Article
    Korean contractor bags three projects
    436 1  -  By SHANTI SEN A SOUTH Korean newcomer to the Singapore construction market has clinched three projects barely five months after it established an office here. It is one of a growing number of Korean companies which have been sanctioned recently by the Korean Government to
    436 words
  • Article
    ICOD may open door to Asean citizens
    346 1  -  By LILLIAN CHEW THE Institute of Continuing Occupational Development (ICOD) will probably open its doors to citizens from other Asean countries. Japanese officials are believed to have insisted that since ICOD comes under the Asean resource development umbrella, the Singapore institute will have
    346 words
  • Article
    General Electric lays off 166 Jurong workers
    347 1 GENERAL Electric (USA) kai retrenched mrt thaa IN warkera from one sf Its plants, believed to be facing a inp In bHbM. Tbe retrenchment exercise, carried eat last meath, lavalved 111 Malayslaa warkert employed la tbe GE Haaaewarea plant la Jaraag wbleb maaafactares
    347 words
  • Article
    Bank joins SIFS
    541 1  -  By LEE YOKE MENG A THIRD bank is about to join the four-year-old Small Industries Financing Scheme (SIFS). Business Times understands the "big, strong and friendly" Chartered Bank is on the verge of introducing the scheme which is currently handled by the Economic Development Board (EDB), the
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  • Article
    Consultant leaves Dynasty Hotel
    344 1  -  By AGNES WEE ALL IS not well under the almost completed pagodacrown of the Dynasty Hotel in Orchard Road. Even as construction workers are putting the finishing touches, senior executives of the hotel management have resigned. Billy Theodas, the hotelier with more than a decade's experience
    344 words
  • Article
    PRICES EDGE HIGHER
    141 1 SHARE prices, after two days of declines, moved up a little yesterday. The Straits Times Industrial Index, the market barometer, rose 7.22 points to 771.67. This compares with the peak of 973.26 points on June 26 and the low of 756.73 points on July 28. One of
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  • BRIEFLY...
    • Article
      Lock icon Cement factories
      62 1 UPI JAKARTA, Thurs. Two West German companies today won a tender worth US$l64 million to build two cement factories in Indonesia. The Countinho Caro Co will be the main contractor for the construction of a $132 million cement factory in Tonasa, Sulawesi. The Loizche Co won a $32
      UPI  -  62 words
    • Article
      Lock icon Herbal preparation
      105 1 AFP HONGKONG, Thurs. A Hongkong herbal preparation, banned in Singapore last week because of its high content of lead, mercury and copper, is being withdrawn from the market here. Government officials said the move was ordered after the preparation, known as the Tien Sau Koo So pills and
      AFP  -  105 words
    • Article
      Lock icon Sandstone oil field
      65 1 UPI MANILA, Thurs. The local affiliate of Cities Service of the United States has struck an offshore sandstone oil field in central Philippines, Energy Minister Geronimo Velasco said today. Mr Velasco said tests are still being conducted but it is not known if the find has any
      UPI  -  65 words
    • Article
      Lock icon Mahathir's talks
      53 1 AP JAKARTA, Thurs. Malaysian Prime Minister Dr Mahathir Mohamad ended two hours of talks with President Suharto at the Merdeka Palace today. Dr Mahathir said he described the recent visit of Chinese Prime Minister Zhao Ziyang to Kuala Lumpur and explained the programme and policy of the new
      AP  -  53 words
    • Article
      Academic staff
      78 1 KUALA LUMPUR, Thurs. Deputy Prime Minister Datuk Musa Hitam has directed all relevant authorities to resolve the problems being faced by the academic staff of the universities to ensure that the best brains are recruited and retained. He told a meeting of top officials of the Treasury, Public
      78 words
    • Article
      Lock icon Thai imports
      53 1 AFP BANGKOK, Thurs. The Thai government has ordered state enterprises to use Thai-flag ships for transporting virtually all imports from Sept 10. The measure was part of the government Ve plans to double Thai shippers' current 5 per cent share of the market to Japan and Europe within
      AFP  -  53 words
    • Article
      Lock icon Infringed rights
      74 1 Reuter STRASBOURG, Thurs. The 21 judges of the European Court of Human Rights today ruled that British Rail infringed the rights of three employees who were dismissed because they refused to Join a trade union. The three men were dismissed by the state-owned railway system in 1976 under
      Reuter  -  74 words
  • Article
    Mission to seek printing jobs from Australia
    221 1 THE Department of Trade is organising a mission to Australia for the printing and publishing industry to clinch more Jobs from the market there. Mission members will' leave for Sydney and Melbourne tomorrow to meet publishers. The mission will spend two days in
    221 words
  • Article
    Textile training centre looks for foreign experts
    246 1 SINGAPORE will look for instructors in Hongkong and Taiwan for its first Textile and Garment Training Centre. An official of the centre said productivity in the Hongkong textile industry is higher than that in Singapore and textile companies there are therefore prepared to
    246 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      220 1 Outstanding copy quality. And stability. B^mmouaepszo mm kki k A mm HONG Leong Holdings will make a general offer for shares of Hume Industries (Far East) at $6.10 each Page 14 THE proposed expansion of Town and City may include the injection of some property projects substantially held by Hendra
      220 words
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      Page 1 Advertisements Column 2
      76 1 4, <4 4 xi(*» 1 Frisco Grill at thinks highly of aDiiiersQub «> member Roast Rack of Lamb, Roast Long Island Duckling. Roast Loin of Pork, Roast Rib Eye of Beef, Roast Chicken and more. With a choice of 4 different roasts daily, lunch is a delightful affair at the
      76 words
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      Page 1 Advertisements Column 3
      164 1 The Straits Companies Jimes Key Personnel' DIRECTORY Agencies 0* Singapore (Buku Merah) ]`)},/.*=<-&<,_]?`[&@,@\)&[\((' r HERMES SWISS PRECISION You get more value from the New Hermes 808 than any other ordinary ball typewriter. The moment you insert a sheet of paper into the Hermes 808 electric Dall typewriter, you know you're
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  • OVERSEAS
    • Article
      KL price index inadequate
      541 2 THE US embassy in Kuala Lumpur says in a report that the new consumer price index now being worked out by the Malaysian Statistics Department will probably show inflation at least 50 per cent higher than that reflected by the current index. The report says that
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    • Article
      Lock icon Illusion of renewable energy sources
      166 2 AFP INDUSTRIALISED tries have waned against the 111 Ulrica that aew aad renewable eaergy sswcm ttiid mm o»ake a major contribution to world eaergy supplies. The executive director «I the International Eaergy Agency (lEA), Ulf taatake, told the United Natioas Cmfereace on New Eaergy la
      AFP  -  166 words
    • Article
      Lock icon India seeking record loan from IMF
      330 2 UPI INDIA is seeking a record US$6 billion loan from the International Monetary Fund (IMF) to cover a potentially precarious balance of payments deficit. Finance Minister Ramaswami Venkataraman said India must import more than TO per cent of its oil requirements and large amounts
      UPI  -  330 words
    • Article
      New measures will help rubber prices
      373 2 THE NEW export duty structure announced by the Malaysian government will encourage more realistic quotation of rubber prices for all grades and counter the artificial depression of the market in the recent past. With more realistic quotation of prices, the smallholders, who account for
      373 words
    • Article
      Lock icon GM and Suzuki to make small car
      234 2 AP HIGH costs in the United States are forcing American car makers to build more cars overseas. The latest report of plans for Joint production of minicars by General Motors (GM) and Suzuki are Just another sign of that trend. One analyst said
      AP  -  234 words
    • Article
      Lock icon RUBBER BUFFER STOCK
      100 2 Reuter THE International Natural Rubber Organisation (Inro) is ready to establish a buffer stock to combat the falling world rubber price. According to the Indonesian News Agency Antara, an Inro executive, Mr K Algamar, said this in Jakarta yesterday. Antara quoted him as saying Inro had signatories
      Reuter  -  100 words
    • WORLD IN BRIEF
      • Article
        Lock icon AIR TRAFFIC RESUMES
        405 2 Agencies TRANSATLANTIC flights were returning to normal yesterday after two days of chaos caused by the Canadian air traffic controllers' boycott of aircraft flying to and from the US. The bottleneck was broken on Wednesday with the reopening of the control centre in Newfoundland, after the government
        Agencies  -  405 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      670 3 DEPARTURES Service Local Operator Number Time For AI AI412 0020 PER/SYD THAI TG961 0030 SYD MEL PAA PA006 0700 HKG/SPO/NYC MAS MH14A 0730 KUL CAL CB08 0745 KUL/HKG/TPE SIA SQ192 0800 PEN GIA GA851 0600 HLP THAI TG402 0600 BKK SIA SQ1Q2 0615 KUL SIA SQ239 0615
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    • Article
      Lock icon Russians earn more from oil, gas exports
      330 3 Reuter HIGH world prices for fuel boosted the Soviet Union's earnings from oil and gas exports last year by almost a third to 21.76 billion roubles (U5527.3 billion). According to detailed trade statistics published yesterday in Moscow, this boost contributed to the Soviet
      Reuter  -  330 words
    • Article
      Lock icon Tokyo to review defence policy
      212 3 Reuter IN A move which could herald increased Japanese military spending, the ruling Liberal Democratic Party (LDP) said yesterday it is setting up a committee to review defence policy. LDP officials said the committee, to be headed by former Defence Minister Kichizo Hosoda, will Mart
      Reuter  -  212 words
    • Article
      Lock icon Taiwan likely to attain trade goal
      272 3 AFP THE DEVALUATION tf the new Talwaa Mlw will help the Mutry to attala tto |Mi •f UBs4B-4 hUltoa la faretga trade, a raaklag trade •CDda! aaM la Talpek dayThe geverament aaasaaced the devalaattoa af the Talwaa dallar aa Wedaeaday. The aew exchaage rate
      AFP  -  272 words
    • Article
      Lock icon US interest rates to remain high
      419 3 ECONOMY IN RECESSION AP Reuter INTEREST rates in the US will remain painfully high, unemployment may reach 8 per cent before 1982 and the US economy may now be in a recession. This grim picture was painted by none other than President Reagan's top
      AP; Reuter  -  419 words
    • Article
      Lock icon Spot oil products market nervous
      343 3 Reuter THE SPOT oil products market was nervous in the past week ahead of next Wednesday's emergency Opec meeting in Geneva, with demand mostly weak and prices lower. Market sources skid recent signs of weakness in the US dollar against other major currencies made some
      Reuter  -  343 words
    • Article
      Lock icon Japan's trade surplus
      111 3 UPI JAPAN'S trade surplus on a customs clearance basis in July totalled USJI-528 bulk» as compared to a $979 million deficit a year before. The Finance Ministry said the July surplus follows a 11.467 billion surplus in June. According to preliminary figures released by the ministry, Japan
      UPI  -  111 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      141 2 I When your airconditioner breaks down, so does your business. ■i T 4 When you sign a Service Agreement with Carrier, you are not only making a sensible business decision, but buying peace of mind as well. Because the Carrier service team is a highly trained and motivated squad of
      141 words
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      Page 2 Advertisements Column 2
      74 2 pISHSBS V -V ST'i >•> 5S •t us GOTICA ceramiche V: t a» 1^ Wall/Floor, Extruded ceramic klinker tiles, proven and tested with German Test DIN ***** pavement, swimming pool and industrial uses. RolyDuiiaing (ai me.ua(lmporters Exporters and stockist of ceramic tiles end marbles) Unit 340,3 rd Floor Plaza Singapura
      74 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      128 3 OUTSTANDING INVESTMENT OPPORTUNITY AUSTRALIA CREMORNE-SYDNEY Cremorne is one of the most sought-after residential districts of Sydney, only 4 miles north of the G.P.O. This exclusive low-rise apartment development is well advanced and on schedule for completion by December. A remarkable opportunity exists to acquire luxury units in a limited offer
      128 words
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      Page 3 Advertisements Column 2
      154 3 •a 4 »r J Sk I m m y ft £:> f microfilm products. Exclusive Distributor Wywy Private Limited appointed by Bell Howell Bell Howell take pleasure in announcing the exclusive appointment of Wywy Private Limited as the distributor of Bell Howell microimages systems and equipment in Singapore. The Bell
      154 words
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  • RAW MATERIALS
    • Article
      Lock icon Quality factor in wheat futures
      844 4 NYT OF ALL THE factors that determine wheat futures prices, quality is usually not one of them. This season, however, the quality factor has not only become an important influence, but it has become so in a most bizarre way. The fact is that high
      NYT  -  844 words
    • Article
      STRAITS TIN
      66 4 THE STRAITS tin price in Penang yesterday recovered 44 cents to M 533.44 per kilo, still within the ITA ceiling range of $».74 to 135.47. The rise was attributed to Wednesday's sharp fail of 74 cents which attracted increased baying from influential buyers, Japan, Europe and locally, while
      66 words
    • Article
      CLOSING PRICES
      34 4 Rubber: Aug 13 Singapore: Sept: 229.50 cents (down 0.25 cent) Malaysia: Sept: 254.00 cents (up 0.50 cent) Tin: M 533.44 per kilo (up 44 cents) Official offering: 215 tonnes (down 24 tonnes)
      34 words
    • Article
      SOYBEAN
      117 4 SOYBEAN futures in Chicago on Wednesday finished one US cent a bushel lower in spot August, to up as much as three cents in other positions. Soybean product futures settled firm in meal and mixed in oil. Prices fluctuated erratically in late trade as locals evened-up ahead of Wednesday's
      117 words
    • Article
      WHEAT
      142 4 WHEAT futures in Chicago on Wednesday closed up (our to 1 Vi US cents a bushel in revived trade. Local short-covering following trade reports that an export broker is still actively bidding for US Gulf wheat, and rumours that the Soviet Union recently purchased about 1.0 million tonnes of
      142 words
    • Article
      RUBBER
      286 4 Singapore rubber prices yesterday closed slightly easier with September One RSS buyers quoted at 229.50 cents per kilo, down 0.25 cent from Wednesday's close, dealers said. Morning prices were marked down slightly on lower London advices and reserve of buyers, they said. Afternoon prices were slightly steadier on covering
      286 words
    • Article
      RAS PRICES
      344 4 RAS prices In cenU per kUo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S prompt t o b 211 JO 212JON Int 1 R.S.S. September 227.50 228 00 Int. 1 R.S.S October 233.50 234.00 Int. 2 R.S.S. 300.50 *****N UK Coot 199.50 200JON Int. SR.S.S. 193.50 194
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    • Article
      SSR and SMR
      73 4 NOON SSR md SMR pham ■f tl nSZZim Jt. k S2*"*= s Sr2 H" 3C) IWtt 198 00N 198 00 200 00N 3 5J«o288 i 5 iiiiiil amwtmm Wr Oe«*b«r 1-loa I-*-" M3J0 2S&.50N 265.50 267.50N 1 -ton MUtO 266 SO 257.SON 257 50 259 50N 1-MPdMI
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    • Article
      Lock icon M'sia yet to raise rubber products output
      289 4 Bernama ES MALAYSIA has not yet made a significant contribution as a producer of finished rubber products although it produces more than 40 per cent of the world's natural rubber. The Vice-Chancellor of the Universiti Pertanian Malaysia, Tan Sri Dr Mohd Rashdan Baba,
      Bernama ES  -  289 words
    • Article
      Produce exchange
      179 4 CHINESE Predate Exchange, Slagapare, closing prices per lit kg yesterday. C*c*aat Ml: Bulk fob $122.50 sellers, old drum (in second hand drum) fob $136 50 sellers, new drum fob $141.50 sellers Capra: Mixed (loose) $72.75 buyers. Pepper: Muntok white pepper fob Asu NLW $377.50 sellers, Sarawak white pepper
      179 words
    • Article
      TEXTILES
      194 4 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yarn: China Blue Phoenix 20s 2,370; 32s 2,820, 40s 2,985 (per bale of 400 lbs). Piece gMds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Rower and Butterfly
      194 words
    • Article
      RICE
      320 4 SINGAPORE: Yesterdays closing prices in SJ per kUo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.36, 100 per cent second class 1.14, 100 per cent third class 1.10, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.78, Special
      320 words
    • Article
      LONDON MARKETS
      569 4 COFFEE: Robusta coffee futures yesterday continued very firm on mainly speculative activity concentrated in the nearby contract, ending a slightly extended midday call £95 to £65 higher on the day following the US Department of Agriculture's bullish report on frost damage to coffee in Brazil's Parana state. Volume
      569 words
    • Article
      PALM OIL
      180 4 THE Kuala Lumpur market yesterday closed lower in fairly active trading, despite late cover- ing after initial easiness, dealers said. In August, south and central fell Mslo and $15 respectively to $910 a tonne. In September, cen- tral dropped $10 to $880 while south was unchanged at $882.50.
      180 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      242 4 OPENING AUGUST 22nd BRUNEI'S FIRST INTERNATIONAL HOTEL THE SHERATON UTAMA Soon, a new standard of excellence in Brunei. The Sheraton-Utama. in the heart of Bandar Seri Begawan, will truly be one of a kind. Surrounded by 1.3 acres of lush landscaped gardens, it will offer 170 luxuriously appointed rooms and
      242 words
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      Page 4 Advertisements Column 2
      56 4 DOUBLE YOUR MONEY WITH COMMODITY PRICE FORECASTS IN THE D.C.T. COMMODITIES REPORT! Packed with advanced price trends weeks ahead of actual prices for Gold, Copper, Base Metals, Grains, Soybeans, Cocoa and Coffee. Write for a free report to: D.C.T. COMMODITIES INC. P.O. Box 222 NL-2100 AE Heemstede Netherlands. Tel: 023-*****0.
      56 words
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  • TRADE AND INDUSTRY
    • Article
      Investing in Sri Lanka
      246 5 A TWO-MAN delegation from Sri Lanka is in Singapore to encourage local companies to invest in Sri Lanka, particulary in labour-intensive manufacturing industries. Team leader CPDe Silva said although investors are always welcome in Sri Lanka, the government is making an extra effort now to persuade
      246 words
    • Article
      Data bank for hoteliers
      70 5 THE Singapore Hotel Association is setting up a data bank with up-to-date information on the state of the hotel industry. The data bank will help the association represent the interests of the industry more effectively besides providing information to both researchers and operators in the industry.
      70 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      350 5 INDUSTRIAL and Commercial Bank is sending its manager, Mr Laa Kak Yea, to participate in the Pacific Rim Bankers Programme at Seattle, USA. Intended to develop advanced banking and management skills of participants, the programme is organised by Pacific Coast Banking School, a banking school in the
      350 words
    • Article, Illustration
      TRADE TALK
      510 5 AUSTRALIAN wool is now appearing on Singapore buses, in particular, the luxury coaches built by Chua Heng Industries. "We have signed a contract with Morris Mills of Australia to supply us with woollen material for seat upholstery and so far we have used it on three coaches, including
      510 words
    • Article
      Korean tourism mission coming
      178 5 MORE Asean visitors are turning to South Korea as a tourist attraction in the Far East. Latest figures show a significant 45 per cent increase in the number of Asean visitors to the country during the first five months of this year. There was also a
      178 words
    • Article
      Ministry warns builders
      190 5 THE apathy of some contractors has resulted in a number of accidents involving suspended scaffolds or gondolas. As a result, the Ministry of Labour has warned building contractors that if they continue to flout safety regulations on the use of gondolas, they will be dealt with severely.
      190 words
    • Article
      Chua Heng plans new factory
      289 5  -  By WONG AI KWEI CHUA Heng Industries, a boat builder and coach manufacturer, plans to build another factory to accommodate its expanding operations. The Singapore company, which started as a small spray painting shop, has applied to Jurong Town Corporation for factory space in Senoko.
      289 words
    • Article
      Fired by new developments
      280 5  -  WANG LOOK KEAH THE research director of British Petroleum yesterday briefed officials from energy and environment related government departments on research and development projects being undertaken in Britain. Professor JIG Cadogan, research director of the BP group, spoke about a new method of cleaning up an
      280 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      91 5 'The Stamford Arms? Nayou wcxidrd fike it" The place is absolutely riddled with coves with loose-tongues who seem to have nothing better to do than to tell the whole world how good the food and wine and beer is. I used to be able to call it my pub before
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      Page 5 Advertisements Column 2
      88 5 I<?/ muA d<?( a/ /uv Paris r d Jt/kTw W -TU, y v j *> •f."' w*t, r -Jr o**- I,Gfouiid 'J"r, J., v '».cA|ft*. o*.i ib..io: Tr *< t J u *4^ r n Ro N :!kl .s f (.1 IT It'! Il.ls t\\'!W I .iftlMi; It [Mtx t»
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  • BANKING AND FINANCE
    • Article
      Comeback to the FRCD market
      461 6  -  By ALVIN TAY JAPANESE banks, which have been keeping a relatively low profile in the floating rate certificates of deposit (FRCD) market during the first five months this year, are making an aggressive comeback. Since June this year, a total of eight Japanese issues have
      461 words
    • Article
      Lock icon TOTAL NUMBER OF ADB LOANS
      127 6 UPI THE MANILAM Astaa Devetopmeat Baik (ADB) MWVVed 1« IMM UMUtta« to UBS2S7J mliitoa iurtag the Mini qurter ef Ike leaas, reported la tke ADB fartotty review, iaeiaM tkenlarges! ever psae prejeet llim!!!*, aai the beak's dm toaa to tfce Maldives, $1 Mffltoa tor Pear
      UPI  -  127 words
    • Article
      A likely threat to KL's tight money situation
      805 6 MALAYSIA'S Bank Negara is willing to accept the introduction of new financial instruments to promote a diversified financial baae (or further industrialisation. It has, however, to be assured first that any new instruments will not upeet the climate of monetary stability the
      805 words
    • Article
      NEW CONVERSION RULES
      212 6 CHINA has published new rules formalising the wmy in which Chinese currency issued in "foreign exchange certificates" can be changed back into foreign currency. The certificates, introduced in April last year in an attempt to prevent a black market in foreign currency, have in practice been convertible
      212 words
    • Article
      Lock icon Changes to EMS unlikely
      135 6 Reuter BELGIAN currency dealers have said they consider an EMS re-alignment unlikely this weekend, despite speculation over a possible devaluation of the Belgian and French francs. "This speculation is totally illusory." one dealer commented. "There is no objective reason for a devaluation this weekend." On the
      Reuter  -  135 words
    • Article
      Dutch aid for Soviet gas pipeline
      178 6 DUTCH banks have reached agreement with a Soviet trade delegation to finance 85 per cent of a maximum three billion guilder Dutch industry share in the planned Soviet gas pipeline to Western Europe, Algemene Bank Nederland NV (ABN) said. The credit will be provided
      178 words
    • Article
      BANGKOK BANK
      119 6 THE BANGKOK Buk wiH eat Iti Stogspre priai Iriailag rate to 14Vfc par ecat treat IS per eeat efleethre today. Ae baak nU tto Oxci iupiili rates will atoe ha red seed aeraas the beard with eae math dewa by eae percentage paint to II Vi per eeat
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    • Article
      Lock icon Upgraded
      68 6 Reuter THE ROYAL Bank of da has received preliminary approval from Japanese authorities to upgrade it#, representative office ia. Tokyo to a full-service' branch later this year. The bank said the new branch will provide foreign trade and credit informa-, Hon, yen and foreign currency loans and deposits, import
      Reuter  -  68 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      276 6 Made in West Germany The extraordinary electrical waste paper basket Leaves No Trace Of Clues Which Might Lead To A Breach Of Office Security. This extraordinary waste paper basket features a wide opening in the middle of the lid of the machine and an elegant basket which sets in easily
      276 words
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      Page 6 Advertisements Column 2
      65 6 COMING ON STRONG! This year we have budgeted nearly a million dollars a day tor locomotives, freight cars and physical plant to make the best even better 1 Whatever, wherever you ship domestically and internationally you can look to Union Pacific tor the world's finest in modern railroading Sn>r I
      65 words
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  • Article
    Lock icon Record equity offerings
    976 7  -  By ELIZABETH BAILEY NYT BRITISH companies are moving into the stock markets to raise record amounts of new money. This year has already seen more equity offerings than in all of 1960, and the total so far US$2.6 billion has already surpassed the previous record year, 1975,
    NYT  -  976 words
  • Article, Illustration
    Lock icon WILLING LENDERS
    1253 7  -  Chief cause of Euromarket's great success More than 70 per cent of funds deposited in the Euromarket are in US dollars. And an even higher proportion of loans are in the US currency. The world's credit markets are flush with billions of dollars all lie waiting for those
    Reuter  -  1,253 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      285 7 I P SHARP ASSOCIATES (S) PTE LTD presents A MANAGEMENT SEMINAR PROBLEM-SOLVING TECHNIQUES USING COMPUTERS I P Sharp Associates, a world leader in the development of advanced computer software products and services, is pleased to announce a series of management seminars on computing techniques and the use of computers for
      285 words
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      Page 7 Advertisements Column 2
      122 7 Some of your most important appointments are held after business hours. Tirtrftjuftiitf fbo clock that will never Ist you be late again! Meet the clock-radio that talks back. To tell you the time. When to wake up or go to sleep. When it's time for that vital appointment. Complete with
      122 words
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  • Article
    Selling souvenirs to raise funds
    359 8 AS WITH all statutory boards, the Singapore Tourist Promotion Board must generate its own source of funds to carry out its daily tasks. The 3 per cent cess was originally introduced on the grounds that it would provide it with funds to carry out its
    359 words
  • Article
    Paving the way for bigger profits
    281 8 THE BANK which sells itself as big, strong and friendly has extended its hand to the small, weak and needy. By participating in the Small Industries Financing Scheme, Chartered Bank will be giving financial assistance to small industrialists who may turn into our prospective
    281 words
  • Article
    Lock icon The tempting option
    1636 8  -  A MUCH BETTER DEAL FOR EMPLOYEES The stock option can be considered as a way of attracting and retaining middle management people and superior technical and professional people, especially in times of stock market boom. KAREN ARENSON, continuing her series on how the new US tax law
    NYT  -  1,636 words
  • Article
    CPF Job Hop Service
    157 8  -  Letter to the Editor J M RATNE Dear Sir, The CPF M Hap Service (m reported la the Aag 4 Issae «f Bulmw Times) dees Ml kelp a prospective employers te solve Us Immediate problem. Thas, the prospective empleyers wUI rmpioy the first "hoppers" that knocks
    157 words
  • Article, Illustration
    Lock icon Negative response from dealers
    960 8  -  The Datsun name change does not go down well with the car maker's worldwide operations network. DIANE WAGNER discusses many a dealer's woes. DIANE WAGNER DIANE WAGNER NYT THE NISSAN Motor Company, Japan's secondlargest car maker, is ready to bet that its target market of young,
    NYT  -  960 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      628 8 CRYPTIC PUZZLE ACROSS 1 Sum paid for a horse? (6) 7 Forename for a horsewoman? (8) 8 Go slack? (4) 10 Pursues a chess solution, possibly (6) 11 In a civil sort of way, it interrupts a Pole (6) 14 Weight per hundred? (3) 16 Berliners' transport (5) 17 Perfect
      628 words
    • Miscellaneous
      Page 8 Miscellaneous Column 2
      726 8 TiVI& Geylang then and now IF PERHAPS jm »K »t ■■re where Geylaag to exactly, Ckaaglag Laad•capes (ek i, 7M) to the pregramaie to toek eat far toalgkt. Tkls SBC pradaettea krlags yea to the place where faetartoe were ealy It to kedevel the aame "Geylaag" waa derived frem "Kllaag",
      726 words
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  • Article, Illustration
    EXPERIMENTS UPON EXPERIMENTS
    981 9  -  The owners of Tetra Pak, the Swedish packaging company, have an experimental farm relating to natural science in the southern part of Sweden. WANG LOOK KEAH, who visited the place recently, tells of the successful undertakings of the Ruben Rausing family. WANG LOOK KEAH SIMONTORP, located in
    981 words
  • Article
    US air controllers share similar morale problems
    324 9  -  RICHARD SEVERO BEHAVIOURAL sdcattstsat Bwtm Urtrtnttj who IU a fi ve-y ear, ■aaeed I Ss2.B milHea stady ef 411 air traffic controller* said that, baaed aa tbe perwiUty aad enwHwil tartars they had feaad, they believed cea trailers hired ta replaee thase dismissed
    324 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      189 9 Let us examine the word News: 11iv- suit tn mat its uai k siuc i.> tunaiu inv. uijo »»iv. >••••« news Vn(y)iiz\ npi but sing in constr. often attrib 1 a report of recent events 2 a material reported in a newspaper or news periodical or on a newscast b
      189 words
    • Advertisement
      Page 9 Advertisements Column 2
      127 9 This announcement appears as a matter of record only. BANDAR RAY A DEVELOPMENTS BERHAD has acquired control of INTERCONTINENTAL HOUSING DEVELOPMENT LIMITED The undersigned acted as financial advisors to Bandar Raya Developments Berhad and managed this acquisition in Malaysia and Hong Kong respectively CHARTERED MERCHANT BANKERS MALAYSIA BERHAD SCHRODERS CHARTERED
      127 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        247 10 AUO 12 Fr* CORBEILLE Alr-UquMe B S N Ocnili C 8 F (ThomsonCle Francalae daa Petrolee «H WW Ut -2 lit -1J Compagnle Financier* Compmilt Oenermle Ei -25 Credit Foncler Oc France sas -1 Hachette (Llbralrie) -1 Machines Bull Mlchelln (B) ZZ SUB BB -0.06 -11 Partbai Pechlney Cl«lne
        247 words
      • Article
        Amsterdam
        166 10 AUO 11 ru flpy 307JO 03 Ajiold 71.00 0-3 MM unch \*irv (DM 1 Amfu 9U0 53.70 0l5 Amrotnk +0J JUO -u B«rk^ 42-50 05 Bob BOO 02 Boraumtl Burtun*nn 188-00 -1 53.00 0-5 Caiand 3S TO I Calve Drtft Dell MU Ennla M M70 132.00 1.7 -0J 03
        166 words
      • Article
        Frankfurt
        198 10 AUO 13 Dm Aet-Telefunken 3130 -33 Akao 23.10 63 Alls UbM Alls Vm 440-00 >6 BASF ***** 3 Bay H T Wtanl IT! 30 -13 Bay Vbank ***** 1 Bayer mn 130 30 4-1ft ***** 23 BMW ***** >2 CasaeUa nvso unch Cham Verw ***** •13 Commenbank ***** >1.4
        198 words
      • Article
        Brussels
        80 10 auo u m FORWARD MARKET 1 AlWd 10* 1 1 Astur 4M Bmc&n UM Bni-Umt 11M Cuimc 1MB Coct m D* Bears SB -a 1 uneh uneh EDM 1»« Hirtmtwl 7IU Ob-Inno-Bm 1KB a ♦1 -10 uneh Of 1«0B Hobok WN Ptiro OH Ryi Dutch isaa -1 ■4 -IS
        80 words
      • Article
        Zurich
        160 10 AUO 12 Prancs Actions Suliaa* atiB Alumli Br. Alusulaee Ret MB *> IS unch Cld» (>*1*7 Br. Cite (Mg P C pa 10 20 Clba Oel*y Ret Credit Bulla* Br Credit Suttee Ret DektrowtU Br. Oeorte riecher Br OlotMM ■>» STH 1 2190 3M M10 MO M unch unch
        160 words
      • Article
        Milan
        74 10 fl UU U Jr* 190-S0 -19 kS Aaoc Oen *****0 Ir2 Buto«l Central* «0 13 Flat 1666 51 -0. 1736 > rtniMir Oen Immob m Pn HOB -3 130 'p' W -3 23C -STOO Marclll Err Madtob Hlnkna *****0 ♦< «00 c Mondadori 0060 Montnlin UoUt cum cm rxwt
        74 words
      • Article
        TORONTO
        144 10 AUO U C A MUM M 31 M X ♦A [Ik I ,y» <4 Algnflif Bank Mont Bank Nora Scoua B»ll T.I unch Beth Corp BP Cm Ltd 57 k 5W Braacan Camp Red Lake Can Imp Bk 34 X a IH unch M H 1 >* Canpac XI
        144 words
      • Article
        JOHANNESBURG
        265 10 AUG U Rand INDUSTRIALS A Alpha 410 AMrcom AE And CI 412 960 unch 10 AMIC mB unch Barlows 1000 uneh Cf Sufur niA 1TJ0B 510 -10 Currte Finance 22&B De Been Ind Ed con Edgart Evcread* Fed Vol* TTOOB an B100B ■200 unch ZZ 5256 n«tt Qardlan Oienanl
        265 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      637 10 See Page 11 for NYSE prices and Asian stocks The American Express Card serves you well, wherever good food is served". ente t* i S Id lUu JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. ip.'M l/< I:' <;<><>„ < i t'l) m r > in ;n>r
      637 words
    • Advertisement
      Page 10 Advertisements Column 2
      91 10 thaitt*^ isexp** The rumour is true. For The Citation is a very private and exclusive dub for business executives. Seduded beneath the Cockpir Hotel, its turnishiogs are the very finest; the atmosphere appropriate for business entertainment. Come and experience a businessmen s haven. <7he A WAY OF LIFE 0923. Tefc
      91 words
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  • MONEY EXCHANGES
    • Article
      NEW YORK STOCKS
      1053 11 NEW YORK stocks on Wednesday finished a day of erratic performance by cloning tower, reflecting the market's unhap■hm ibtit the lack of movement in interest rates. The Daw Jones indastrial average cloned off about four points despite showing slight gains most of the day and advances Jnst
      1,053 words
    • Article
      TOKYO
      206 11 THE US dollar for overnight delivery yesterday closed easier at 230.80 yen compared with a 231.00 opening here and a 231.00/30 close in New York overnight, dealers said. It was down sharply from a 233.30 finish here on Wednesday. Trading volume was an active US$l.49 billion. The dollar eased
      206 words
    • Article
      London
      105 11 THE dollar continued its recovery in early trading here yesterday from Wednesday's setback after opening a little softer on late Far East levels against other leading currencies, dealers said. They said the market was quiet and nervous after Wednesday's sharp fall but fresh demand for the dollar reflects the
      105 words
    • Article
      HONGKONG
      142 11 THE US dollar yesterday rallied against most leading currencies in late trading after an easier opening, dealers said. Trading was quiet in the absence of fresh factors, and dealers attributed the late rally in the dollar to market correction. The dollar recovered against the mark to a late 2.5080/90
      142 words
    • Article
      GOLD
      272 11 SINGAPORE gold futures yesterday closed generally easier against overnight levels after fluctuating narrowly in thin trading, dealers said. Total sales for the day was recorded at 61 lots while kerb volume at 72 lots with interest mainly centred on October and December contracts, they said. Prompt closed weaker at
      272 words
    • Article
      Silver quotes
      40 11 New York 8.92B 8KB 9 US J OSS Zurich 9 Q6B 8 70B as i ns Tin.. Singapore iwn wii 1MB 8 J6B 106 9 05S Qoatag prfc to US dollars troy ounc t. Source: Credit Suisse, S'pore
      40 words
    • Article
      PLR
      22 11 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 14.17 per cent.
      22 words
    • Article
      ASIAN $ RATES
      188 11 ASIAN RATES ASIAN currency deposit interbank rates as at close on Aug 13. 7 days 1 month 2 months 3 months 6 months months 12 months US DWUn(SMt) Offer Btd 184k ISM 1613/16 IS 11/16 IS 13/16 1611/16 18* 18V. 18* IS* 161/16 17 15/16 17 15/16 17 13/16 B«M
      188 words
    • Article
      Discount
      44 11 RANGE at prices otter ed by dlscount hou— oa Ave 13: Oversight: IVt«tol»% Call depart®: «H* to «V<« CUu 3- month Treasury bUl> 6H J-month Bank bills 11* 11* 3 months CD 11 10% 6 months CD 11* 11*. Source: National Discount Co
      44 words
    • Article
      Singapore market
      482 11 THE US dollar rallied against most major currencies in late trading after an easier opening yesterday It closed firmer on the local foreign exchange compared with overnight New York levels. Dealers said the market was thin and nervous and they attributed the dollar's late rally to fresh demand
      482 words
  • ASIAN STOCKS
    • Article
      Shares close mixed
      331 11 HONGKONG SHARE yesterday closed mixed in quiet trading, with fears of a possible rise in local interest rates today continuing to affect the market, dealers said. The Hang Seng index closed up 11.17 points at 1,679.32. Leaders were generally little changed, and interest was centred on some
      331 words
    • Article
      Sydney market firmer
      383 11 TRADERS yesterday overcame pre-budg-et nervousness to push the share market to its sixth successive rise as improving metal prices and news from the exploration front helped to spur further overseas buying, dealers said. The All-Ordinaries index closed 4.2 points up at 655.4, a rise of almost 30
      383 words
    • Article
      Tokyo shares mixed
      294 11 SHARE prices yesterday closed mixed in active trading with low-priced issues gaining on revived bargain hunting but some big capitals and front runners easing on profittaking. The market average rose 14.68 to 7,953.57 on volume 700 million shares but the Tokyo Stock Exchange index shed 0.06 points
      294 words
    • Article
      Bangkok
      33 11 AUO U Bthu ♦A BaMkofc gjQi W ♦t BentOf A 1 M unci Charoonc Thai Wta. m -S rim -mat tu Tonr mm •1 n*n* union Mt •1 aw cmmoi m •1
      33 words
    • Article
      Manila
      89 11 ado u r+m» Acofr Mining M uneh AUM Coo. A AUaa Coo B. MM *IM Bafulo OoM MM uncb B«nf«wi Can. B a VMM 1*» -U COCP IM L«p*nto 1» -MM# Mmrtnduout Ut uocti orwntti B art *um Phil pi imii M -Ml Pfcltn B M -Un Ptonor mm
      89 words
    • Article
      Selected indices
      48 11 FINANCIAL TIME8 INDUSTRIALS Wednesday 567.0 Tuesday 565.6 Week Ago 532.0 DOW JONES AVERAGE INDUSTRIALS Wednesday 945.21 Tuesday Week Ago »358 H.K.HANG SENG Thursday 1679-32 Wednesday *****5 Week Ago 1722.46 AUSTRALIAN INDUSTRIALS Thursday 712J Wednesday 710.4 Week Ago ALL ORDINARIE8 Thursday 656.5 Wednesday 661.2 Week Ago 628.2
      48 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      414 11 BRITISH GOLD We supply any quantity at London bullion market prices. Storage in British bank vaults available. Write to Shaw Cavendish Co., (Bullion Dealers) Cavendish Howie. Chester, England. Tel: (044-*****5. fx loos of fine food.. (Pjesal Swiss Continental Restaurant A truly great restaurant. Soft lights, sweet music, and an atmosphere
      414 words
    • Advertisement
      Page 11 Advertisements Column 2
      283 11 NOTICES :f H 8 5] SIN CHEW JIT POH (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) 1961 INTERIM RESULTS The Directors are pleased to announce the unaudtted results for the first sfa months ended Jine 30, 1981. 1981 1960 Chang* (S'OOOt) (rooot) TURNOVER The Grm> 21,694 16,455 31.8 The
      283 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1661 12 BID and offer prices officially listed and business in and re ported 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 Acmn (3.028)
    1,661 words
  • Article
    Unit trusts
    183 12 UNOArOBElMTIVlin (Ms—|i«V prtM tar Ai| 14) The Comncrct 3.28 3.45 The Savings Fund 189 l.tt S pore Prog Fund 1.47 IM S pore Sec. Fund 2.14 125xd S pore Invest Fund l.U MS S'pore Equity Fund 1-39 1.41 DIAMOND MOT rPOKE {Mass|iw' prices tor Aag 14) v Diamond
    183 words
  • Article
    SHARE INFORMATION SERVICE
    2755 12 1981 Bi|k Low Company Cr't Gr'a Net L«,t Div Div Y'ld P/E Vol Day Sale +or- Cvr COOO) High U>- SECTION ONE INDUSTRIAL COMMERCIAL 404 350 312 420 200 470 756* 875 430 300 Acma Alcom 130 Allied Choc 161 BAT 330 Bata 90 Ben 360 Berjaya
    2,755 words
  • Article
    In Kuala Lumpur
    1809 12 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number oI shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDWntAU Ateai (3.468 3.505) (I) 3 (5) 3 44 (3) 3.42 (1)
    1,809 words
  • Article
    COMPANY BRIEFS
    157 12 THE STOCK Exchange of Singapore has asked Jareag Cemeat whether it expects any change in profitability (or the year ending March 31, 1982, following its one-for-one bonus issue. The exchange also wants to know if the company expects any Change in the amount of dividend to be paid
    157 words
  • Article
    Shares recover slightly at the SES
    775 12 SOME bayiag retaraed to Ike Bteek Exeluge el Stappm ywtertty bit atthNgl the Stralte Time* ladaatrtel Mex wu higher, a BUBher ef shares remaiaed aaehaaged er eaeed. Geaerally, prices were nixed to slightly better. Hewever, there to still ftft air at realgaattoa thftt the
    775 words
  • Article
    Stocks in KL close higher
    598 12 BUYING support in the afternoon session took share prices to a higher close at the Kuala Lumpur stock market yesterday. The upturn in prices somewhat pared the previous day's losses and most sectors improved. However, Grating, banking and tin counters were narrowly mixed. On balance,
    598 words
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  • COMPANY NEWS
    • Article
      Federal Cables incurs interim loss of M$2.27m
      213 13 LESS favourable conditions which continued into 1961 contributed to the loss suffered by Federal Cables, Wires and Metal Manufacturing during the first six months to June 30,1961. For the period reviewed. Federal Cables incurred a loss of M 52.27 million (including share in
      213 words
    • Article
      COMPANY MEETINGS
      43 13 INTERNATIONAL Weed Predicts Limited: AGM to be held at 10 Penjuru Road, Singapore 2260 on Aug 18 at 11.30 am. AM COL Electrical Iadastries Limited: AGM to be held at 19 Wan Shih Road, Singapore 2262 on Aug 21 at noon.
      43 words
    • Article
      COMPANY BRIEFS
      271 13 THE SES has asked United Overseas Bank to state the reserves from which its proposed bonus issue is to be capitalised. The exchange also wants the names of underwriters for its rights issue. LOYTAPE Berhad has approved a resolution to increase its authorised share capital from $5 million
      271 words
    • In Hongkong...
      • Article
        CONIC Investment Company
        68 13 said its issue of 70 million HK$l nominal ordinary shares at par was oversubscribed 7.5 times. Applications were received for 524.73 million shares. Allotments will be scaled down, and applications for between 2,000 and 30,000 shares will be subject to a ballot. Applicants for between 40,000 and
        68 words
      • Article
        HONGKONG and Shanghai Hotels
        29 13 has declared an in- terim dividend of 30 cents (same previously) for the six months to June 30. Books close from Sep 4 to 17.
        29 words
      • Article
        Lock icon GREEN Island Cement Company
        565 13 Reuter has declared an interim 1961 dividend of 60 cents (same). Books close from Sep 4 to 10 inclusive. THE HONGKONG Committee on Takeovers and Mergers said Snowspark Investments and Schroders and Chartered have agreed to accept a minimum of 1.6 million shares tendered under Snowspark's
        Reuter  -  565 words
    • Article
      Sime's purchase a good move, says stockbroker
      618 13  -  Market Talk... By CHRIS LIM LONDON stockbroker Laureate, Prist A Campaay has rated as a good move Btme Darky's purchase of a 54 per cent stake in tyre manufacturer Goodrich Philippines. The purchase is made from the latter's parent company, B F Goodrich
      618 words
    • Article
      Malakoff passes resolution
      116 13 MALAKOFF BM has passed a resolution approving the acquisition of Taiptag Rubber Plantation from Boustead (UK) (or a cash consideration of M$30 million. The resolution was passed at an extraordinary general meeting on June 29. TAIPD4G Textiles Mi has been asked to give more information about its
      116 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      173 13 s?b J I 4 4 i. P c —i ajSfc^Sj -a* -M- <&■ j jf- -g- H-Ihi «r am i r T A If you're planning a convention And frills that include free use for between ten and a hundred f fadß <"? d i percent discount on the green
      173 words
    • Advertisement
      Page 13 Advertisements Column 2
      598 13 Marvin Mass Robert Sobel Robert Sohel Emorv Ro'l- Son\ Ar( Hi?( r Houston A Nt Yo'i Hs Mus't s li&t Mo'vaiJ A frc-ptt'nt dt-vqn <jt»o'il> *'G'V rht American Institute ot A*fht?<-c!s ond c'so Recorj s A»% of E»(« net tc Design cc H 'r k has bee" dr v published
      598 words
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  • Article
    More OUB group appointments for Lee Hee Seng
    184 14 AFTER being made managing director of Overseas Union Bank Ltd last July, Mr Lee Hee Seng is continuing the process of taking over the helm of the OUB group of companies. His latest appointments are as managing director of Overseas Union Enterprise
    184 words
  • LATEST RESULTS
    • Article
      JOHAN Holdings
      26 14 suffer- Ed a loss of $31,833 for the financial year to January 1961 compared with a pretax profit of $17,534 for the previous year.
      26 words
    • Article
      GROUP pre-tax profits of Harimau Investments
      139 14 for the six months ended June 1981 were $3.27 million ($1.69 million in the previous corresponding preiod) while profits after tax amounted to $1.72 million ($1.17 million). Baaed on the June 1961 accounts, consolidated net tangible assets were $66.32 million or $1.61 per share
      139 words
    • Article
      HIGHLANDS and Low- lands
      73 14 estimates its interim pre-tax earnings to amount to $18.84 million compared with $23.89 million for the previous corresponding period. The company expects the whole year's results to be lower than those of last year. The directors have also declared an interim dividend of 10 per cent
      73 words
  • Chief Price Changes
    • Article
      SINGAPORE
      137 14 Rises Indices MUI 1440 H MaU aao G Ceramics 510 H Leoag Flo 870 Miag Court 800 SaprtM Corps 494 StrilU Tradiag 866 Getkrie 400 PMC 1400 B Kay a 666 Smk Shipyard 966 Prima 575 Falls C Sugar* 1500 H Looag Credit 1330 P M Hides 500 Apollo
      137 words
    • Article, Illustration
      KUALA LUMPUR
      144 14 Rises Indices MU I 1550 150 HL Credit 1390 +80 BT Index: Aug 12 Aug 13 HLInd 1810 *****7 Trooofa 1320 +50 Industrials: 996.97 1003.37 C Sugars 1530 +50 Finance: 1513.06 1509.23 Sentosa 290 +40 Hotel-! 509.60 510.31 API 386 +30 Propc ties: 1028.16 1032.97 M Mosaics 650
      144 words
  • Article
    UOB has option to call off American City deal
    277 14 UNITED Overseas Bank Ltd, which earlier announced its intention to acquire American City Bank of Los Angeles for US$B3 million, has the right not to proceed with the deal at any time within 60 days. American City also said in a
    277 words
  • Article
    General offer for Hume shares
    507 14  -  *****18 Companies Editor: Mano Sabnani By KOH TSE YING HONG Leong Holdings (HLH), soon to become the new parent of Hume Industries (Far East), will make a general offer for the entire issued share capital of Hume (FE) at $6.10 per share. A letter from
    507 words
  • Article
    After takeover of T & C
    476 14 After takeover of T C THE proposed expansion of Town and City after its takeover may include the injection of some property projects substantially held by Mr Hendra Rahardja, chairman and president director of the Harapan group. This* 1 information came from Singapore International Merchant Bankers Ltd (SIMBL) in response
    476 words
  • Article
    LONDON STOCKS
    850 14 LONDON, Thurs. Share prices closed lower in quiet trading today, the easier trend representing a technical reaction to recent sharp gains as the undertone remained firm, dealers said. At 3pm, the Financial Times index was down five points at 562.0. Leading industrials to shed between 3p and 7p
    850 words
  • Article
    Lock icon DOW JONES MIXED
    84 14 AP NEW YORK. Thurs. The stock market was mixed this morning as recent hopes (or lower interest rates gave way to uncertainty once again. The Dow Jones average of 30 industrials rose 1.04 points to 946.25 in the first half hour. Earlier in the week, the market
    AP  -  84 words
  • Article
    Petition to wind up St Piran dismissed
    402 14  -  By GERALD COLVERD A PETITION for the winding-up of the St Piran Cornish Tin Mining group, a subsidiary of Gasco Investments, has been dismissed by the London High Court. The petition, brought three months' ago by Runic Nominees, a subsidiary of Gencor, the
    402 words
  • Article
    HONGKONG OFFICE FOR ICB SOON
    130 14 INDUSTRIAL and Commercial Bank Ltd will soon have a representative office in Hongkong. In a statement to the Stock Exchange of Singapore, the bank said the Commissioner of Ranking in Hongkong has granted permission for the setting ud of the office. The office, which will
    130 words
  • Article
    Sigma taking stake in two companies
    285 14 SIGMA Metal will be taking a stake in two new companies, as part of its plan towards diversification. The company, which manufactures aluminium extruded bars and tubes and fabricates doors and windows, recently made a one-for-one rights issue and one-for-five bonus issue, expanding its
    285 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      76 14 U5525,000,000 Floating Rate U.S. Dollar Negotiable Certificates of Deposit due 17th February 1983 THE SANWA BANK, LIMITED (Singapore Branch) In accordance with the provisions of the Certificates, notice is hereby given that for the six month interest period from 17th August, 1981 to 17th February, 1982, the Certificate will carry
      76 words
    • Advertisement
      Page 14 Advertisements Column 2
      519 14 A COMPANY IS AS GOOD AS ITS STAFF (Thongh this is a common knowledge, few realise that profitability can only be achieved through long term investment In nnmaa resources) APPLIED RESEARCH CORPORATION, SINGAPORE bring you a SEMINAR COURSE on SRI INTERNATIONAL, USA STAFF TRAINING AND DEVELOPMENT With the support of
      519 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      58 14 Outlook for Singapore from 6am to lpm today: Fair and sunny. Report for 24 boars prior to 7.31 pm on Aug IS At the airport. Maximum temperature 32.7 Associated humidity 56 Minimum temperature 26.5 Associated humidity 93 Hours of sunshine 10.50 Rainfall in millimetres Nil Total rainfall for the month
      58 words
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  • SHIPPING TIMES
    • Article
      Japanese seamen's union to fight open registry
      380 15 A POWERFUL Japanese trade union is to join the campaign against open registry shipping later this year. The All-Japan Seamen's Union (AJSU) plans to monitor wages and conditions on board vessels calling at the nation's ports and to apply political pressure on the
      380 words
    • Article
      New rubber duties may boost M'sian shipping industry
      620 15  -  By VONG NYAM MING THE new rubber duties announced by the Malaysian Minister of Finance and put into effect on August 9 may well prove to be a boost for the Malaysian shipping industry. Under the old duty structure for nine grades
      620 words
    • PORTSIDES
      • Article
        Lock icon Higher demurrage rate
        67 15 Reuter TRADERS who fail to clear imported cargo at India's western Bombay port within 30 days will have to pay double the present rate of demurrage, an Indian Port Trust official said. The demurrage has been raised to speed up clearance of accumulated cargo, Indian Port Trust
        Reuter  -  67 words
      • Article
        Lock icon Tax exemption
        91 15 UPI SRI LANKA announced a tax exemption programme on Wednesday for foreign shippers who register their vessels in the island nation. Operators will be exempt from income taxes on worldwide earnings and would have to pay Sri Lankan taxes only if vessels carry cargo in or out of
        UPI  -  91 words
      • Article
        Lock icon Cranes make history
        149 15 AFP TWO giant container cranes entered Hongkong harbour on a barge which had been towed all the way from Japan, an 11-day journey of over 2,900 kilometres. This was the first time in container history that two fully-assembled cranes of this type had been transported to any
        AFP  -  149 words
    • Article
      INDEX TO ADVERTISERS
      755 15 Shipping Line P»«e C+l Acblpelego Adriatic Cool Afea Airo-Eurasia Alfred CT All trans AJpac Angkutan Angooave Anhsing ANL An toll APL Arab Line JST" Asia Merchant Atlas Line fcustasia Uae Australian Coot Bait-Orient Baltic Bangkok Coat Bangladesh Bank Line BBS Ben Une Ben Ocean Ben Asia Benbulk
      755 words
    • Article
      SHIPS IN PORT
      334 16 arrivals keppel wharves Builder n (0700) 22 Corabank (2359) 42 43 Feng Yan (after Feng Hang)l/2 Hugheverett (0600) 33 34 Iberia Mam (1300 47 John Chemstar 15/16 Kosho Maru (1230) 19 Ocean Resources (1800 after Tong Bai Shan) 25 26 Reefer City (1000) 28 Vishva As ha
      334 words
    • Article
      Container Schedules
      936 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 Ever Handsome 86-15W 14.8.81 0700 Green Asia TA 4 TT Hermes Ace 150/250 14.8.81 0930 Borneo TA 4 Neptuen Topaz 48S
      936 words
    • Article
      LONDON FREIGHTS
      1596 16 MODERATE time-charter activity developed on Wednesday on an otherwise very dull freight market with two vessels of i 61,000 and 63,000 dwt respectively reported to have been booked with delivery Japan for Australian round voyages at i US$B,OOO daily and a 58,000 tonner similarly at $8,500. A 28,000
      1,596 words
    • Article
      ORIENT EXCHANGE
      480 17 VESSELS «pen: Flat top barges, wooden lighters, tugboat and stevedores to handle general cargoes, plywood timber, petroleum class "A" and petroleum "B", dangerous goods class 1 and explosive with safety magazine within port limits of Singapore. Available barges and tugs service from Singapore to east coast of Peninsula
      480 words
    • Article
      PPA STUDIES STORAGE SYSTEM AT MANILA PORT
      453 17 THE Philippine Ports Authority (PPA) is undertaking a study on the storage system at the Manila International Port (MIP) to minimise congestion in the present makeshift container freight station (CFS) at the MIP and prevent such problems when the new CFS becomes operational
      453 words
    • Article
      Portugal to develop 'superport'
      267 17 ONE OF the Portuguese ports singled out (or development in the future is Viana do Castelo, situated at some 150 kms to the south of Vigo. The project to convert it into a "superport" has long been planned, and the go-ahead has now been given. The
      267 words
    • Article
      SHIPPING LIST
      387 22 AARHUS Jutlandia, ScanDutcht. August 18. B. Permai, ScanDutcht, August 25. ABIDJAN Africa Maru. MOL, August 15. River Oshun, Nigerian Nat., August 17. Ned Schelde, Nedlloyd, August 25. Ocean Eminence, MOL, August 31. ABU DHABI Wllline Taro, Wllllne, August 18. Hijaz. UASC, August 19. P. Elsenhower, A PL, August
      387 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      291 15 a st class transport Agents: Nedlloyd EAC For further details, please refer to page V Scan Dutch .1 RI) 1M W I AH Orient Overseas Co*tici*teA Line I Cafcng Bremerhaven after Hamburg "Closing Tones (S pore): 2300 MRS liilil Jiligijß 1 FULLY CONT AMERCED I 16/8 26/8 28/8 29/8 l/<
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      336 15 OSEALORDO UASC UNITED ARAB SHIPPING CO (SAG) lII* I il I EXPRESS MULTI-PURPOSE SERVICES wUff (2/10). Mm Dhabi (5/10). o»mm 1 (11/10). Mma Qatoos (14/10) FULLY CONTAINERISED SERVICE IBM! Vbsb M. MTTTM *15 OQ MJ *17 BATZAN ¥.17 •DMIITAH It M. MTTTMt V IS USL n/t U/9 17 n a/9
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      20 15 [KMDB CONTAINER Schedules II SHIPS In Port II LONDON Freights 11/111 ORIENT Exchange 11l SHIPPING Schedule VIII REGIONAL Weather VIII
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      586 15 Call us We call the world Agents: Nedlloyd EAC Please refer to pagi v *r MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS r E3 Philadelphia 19/9 »/s 3/10 10/11 17/10 24/10 31/10 7/11 14/11 •SHGAPORE &OSMG TMES: CY 17 Auf 1200 HRS
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      888 16 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. I I WISMA MISC, N0.2, JALAN CONLAY, j P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 i 1 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Cpwtawr Service To Etwpe Feed* *P Keiang Vessel Spore 1) 2) Rda* 3) Ifbuig 4) Gbwg B PINAGA
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      253 16 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA irfrt 2t/t U/t sjm nix »/i 22/t i/t V 9 7/» lt/9 7/9 lt/9 2t/9 i:i>h ir—T 17 1 lt/9 a/9 *1/9 25/9 1/9 1/9 2/19 1/19 9/19 19/19 •12/9 19/9 17/lt 21/19 24/19 2t/19 4/9 7/9 29/19 1/11 4/11 7/11
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      670 17 OCL Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok 05/1 00/9 10/0 12/9 17/9 19/9 24/9 28/9 3/10 05/10 09/10 11/10 07/10 09/10 15/10 11/10 17/10 19/10 20/10 23/10 HHMES ACE •STRATHFtt KA2UMNA MARU STRATHCONON •STRATHELG* Sport Out* Dammin Kuwait 14/1 22/1 23/1 24/1 17/9
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      44 17 NOTICES CORPORATION 8/A «II»—IWWT v.y tt-E And: life Aim I*l Ptaee SrwjcPAA. G4» M General Survey on damaged cargo discharged ex the above vessel will be held on 14th August 1381 from 8 30 a.m. No further survey will be held after this date.
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      410 17 MEDITERRANEAN FAR EAST CONTAINER SERVICE LINES (MED CLUB) Compognie Maritime Des Chargeurs Reunis Paris Flotta Lauro Naples Lloyd Treistino Trieste Mitsui OS K Lines Tokyo Nippon Yusen Kaisha Tokyo Are pleased to announce the introduction of a vessel M/V 'OMEX PIONEER' who will join the full container vessels already in
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      691 18 MM TO HWTH ElKOft Hanftanf E«pi«J Haft*«( Eipreii EXPORTS "Aho acceptii* transhipment carjo for CARIBBEAN WEST tOES »ia Hamburg TOtEMTOBWEA TW HK I S pore P Aelang I Genoa In Spore PK 29/8 30 8 TO IBA/CWWO* Feeder *tsw HMtatUvrtu Eroklw* CWpaßar IMibl Pen Bilbao Genoa H burg B ha«en
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      402 18 KOREA <t> cn a n >lj mil Ojjjl J n fJj «_±=»yw/ Algerian National line ua Aqf"'s Sj3 flgen's UNIPACIfIC trans TRADING ORIENTAL SHIPPING CORPN AGENCY PTE LTD 'e isr^iA T e i ql4 34 4 b lines i S'NGAPORt PfNASG'e MOBS L S LINE Member of Lian Soon Group
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      Page 18 Advertisements Column 3
      530 18 EVERGREEN LINE I FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE 1 ALSO ACCEPTING CARGO FOR: UNITED KINGDOM SOUTHAMPTON, LONDON, MANCHESTER, BIRMWGHAM, BRISTOL. LIVERPOOL. GLASGOW, LEEDS. ETC. WEST GERMANY BREMERHAVEN. OSLO. STOCKHOLM. GOTHENBURG. AARHUS, COPENHAGEN HOLLAND AMSTERDAM t|M yu Hamfewf F AtiMN (•Mtrdw fc*wwp I* Hawt KM n/f 12/1 U/l "(J J**
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      Page 18 Advertisements Column 4
      949 18 7JS7 Burma Fivt Star Shiwinf Corpn. "BURMESE NATIONAL LINE'' LOADING FOR RANGOON V»art flame fm NTMiMnw**** 20/22 i»/ PAGAN 20/2? Auf 17/ SlTTW****** H/n HTOWTOA 31/2 S*l BFSSC Aoent* n Motoyvo BOOSTEAD SUPPI TEL NOS KL *****2/*****9 CampMMa AffwrtMM Ot Nimmcn* IMWMIMMaMri S.A.C I f. "ARGENTINE NATIONAL LINE" 10AMNG FOR
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      Page 18 Advertisements Column 5
      301 18 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. 31 SANKYO LINE JAPAN/STRAITS SERVICE GDKJUI MOTS: OCEAN 9VPK I OTEAPRIItS PTE l» SMGAPOK Til ******4/7 t 22*137* I LIMPW IE tt*4*4 4Mm MOTS H ANUATSM P CELAHC EAST ASM SHPPMG HI 3M7C/V7251 PENANG NALATSM TtAH t TRAMPORT TU 47*13 A U7fi KARACHI SERVICE
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      770 19 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH. JEDOAH AQABA (Reefer Cntrs Acceptable) S'PORE I COLOMBO I HODEIDAH JEDOAH AQABA COLOMBO I STORE VESSEL VOY. I S'PORE COLOMBO *KOYA SAHABAT 11W/12E 5-5/9 11-12/9 19-20/9 KOTASAHABAT 13W/14E 10-10/9 15-16/10 23-24/10 KOTA SAHABAT 15W/16E 12-13/11 18-19/11 26-27/11 21-22/9 23-24/9 25-26/10 28-29/10 29-30/11
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      Page 19 Advertisements Column 2
      817 19 BEN LINE CONTAINERS EXPRESS CONTAMER SERVICE TO/FROM EUROPE HM(k«c C*r«n Hwkwi (iprru Mm* by CarAfan Rjt fwn/Iwn Mam Bharw R dam Hawt UK fmtt Act 2/9 HaoO»| (iprns 29/9 M/» 29/9 1/11 24/9 Ghrr 9/9 B«uM« 2/1* 5/10 1/1* 9/19 9/19 FROMEMMPI H'BURG B HAVFN R DAM NAVRF SOJON W
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      Page 19 Advertisements Column 3
      779 19 HHi J 4 s fi 51 J 4 &l y J f i n a Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE X Sim I 1 >*sMesM> 4»» 3>M'ta*t«>Chwi I DAMM l» Port 0 piimga ?i/i 1 owttt a/i PINAGA 4 9 i Dwtw n/9 PINAGA 11/9 OA** R1 PINAGA
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      Page 19 Advertisements Column 4
      607 19 BOUSTEAD SHIPPING AGENCIES xa BANK LINE JiL TO UK/COHT (ACCEPTING CONTAINERS ONLY) SANTA FE IVYBANK CLYDEBANK SANTA ELENA SPORE 20 Aug 2 Sep 19 Sep 9 Oct R OAM HULL HMBG 15 Sep 24 Sep 20 Sep 28 Sep 1 Oct 6 Oct 14 Oct 18 Oct 23 Oct 4
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      775 20 K LINE KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA tart* Me »e»tat» aha iiaiaM m ra*aasl C«(*ri Mm KcaptaWt tar (MM. Vwcav MW. Houston Glim tan. Near Oitaam. Batten. St Mai. PMa<»taa. Nariafc. Battanara Saiaaaak. laduam*t JAPAN-STRAITS-JAPAN Vess( 4 Tokyo Hot* Sport Penai* P KeUi* Tokyo Kobe
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      Page 20 Advertisements Column 2
      605 20 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAMER/REEFER SERVICE lM*if tar lOS ANKLES SAN FMNCBCO. SEATTLE. TACOMA. «MCOMI B C Accaptiif Fa/Fa Cmtmrni P Man( SMfUXXt I Anfdts iapauav ma* utai 11 s*t AUSTRALIA EXPRESS CONTAINER SERVICE Accap(ta| FCI/FCI Contwwri NEW ZEALANO SERVICE m*i tr ana. irmntN. klihctor wound koM ra/ra ci—i
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      Page 20 Advertisements Column 3
      538 20 o A (iroiin SINGAPORE SHIPPING AGENCIES PTE. LTD. 20TH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 13 LINES) GENERAL *****1 114 lINE S TERMINAL OFFICE *****83 TELE* RS ***** RS 2SS6B A B CARSMIP CABLE CARGOSHIP rail l'»nt;iiiicr Lines WEEKLY CONTAINER SERVICE to/from BANGKOK M Pt/lS Ayf li/it mi 12/23
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      Page 20 Advertisements Column 4
      679 20 KORINS MARITIME SERVICES R Room 601. iCB Building Shenton Way Singapore Tel *****22 *****67 P Kelang Tel *****4 *****5 MIDDLE EAST/RED SEA/EUROPE SERVICES STORE P. KELANG LOADING FOR: UNYANG No 17.. 17 Atif Bandar Abbas/Bandar Khomeni SUN RIVER 25 Aug Bandar Khomeni SEA GUARDIAN 26 Au|Jeddah/Hodeidah Shipping Co. Ltd. cv:
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      Page 20 Advertisements Column 5
      665 20 INTRASEA (PTE) LTD. Suite 2616 International Pa:a Anson. R:j Singapore-0207 "Pel *****1' ''0 Uness BREAKBULK SERVICE TO EUROPE/UK ANARGEL WISDOM BBOM NORASM *****..... S par* P. Rabat Pam* 13 S# 17 Sap 6 Oct 10 Oct BOLOUGNE/RIMM/IK (AVON) FULL CONTAINER WEST BOUND SERVICE Sta(ap«rt ImA« far 2 Sep MMAiwM/irMkt/ Hambwf/IMtertai/Tlwy
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      643 21 NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): K. JACEWON UN. TWMDGE 7W+ N. JADE 3W 0. CHEF 26N HK CONTAINER 27*. K JACEJM UN Also accepting cargo to/from Scandinavia TW BRIDGE S'pore Closing Times: FCL Cargo LCL Cargo FROM EUROPE (VIA SUEZ) 1100 17/8 2300 16/8 TO AND FROM
      643 words
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      Page 21 Advertisements Column 2
      583 21 MALDIVE LINES ETA ETA ETA STORE KUANTAN PORT KELANG MALDIVE GRACE 31/8 loading For Nampo (North Korea) MAUXVE NOBLE 18/8 Loading lor Kuwait MALDIVE fOGtfIOUR Sailed Loading tor Dubai MALDIVE NOVEL 21/8 18/8 Loading For Hodeidah MALDIVE MAGE 13/8 Sailed Loading For Dubai/Kuwait/ Dammam MALDIVE PEACE 30/8 2/9 Loading For
      583 words
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      Page 21 Advertisements Column 3
      723 21 SINSOV SINGAPORE SOVIET SWUNG CO PRIVATE LTD SMSOV BULDMG 55, Marfcet Street Singapore 0104 Telephone Numbers *****3 (10 Mne*) Cable Address SMSOV SINGAPORE Telex Numbers RS 213*0 RS ***** RS ***** P KELANC M/S SHAMKAT NAM SOON SON. M IST ANO ?N0 fIOOR NO 1. JALAN CEMPEMNG PORT KLANG MALAYSIA
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      22 21 m cAR/in/ii 1 IKI wr-iiviivm uii 1 w BULK TIMBER PLYWOOD SERVICES AUTHORITY SHIPPtNG AND TRADING PTE ITO NAGATUAH AGENSt SDN BHD
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      535 22 'A ANTOLL LINES Independent Liter Service FCI Contaims/Heavy Lifts D.«lB Is to AttlAtt «HBt6lOW> VTOHT wsba* hsmmw Saialand POUT 15S/18N Smcapore tn Port Port Kebnf Omits Ptnant Omits IMb (GTonf) Au| 24 Auf 29 Sydney Sept 2 Brisbane SoOrott Sol TJa Sagaiand SoOrott 16S/19N 17S/20N I<S/21N 19S/22W Sept 1 Sept
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      Page 22 Advertisements Column 2
      618 22 ft JOHORE SHIPPING LY 161 JAIAN TENGKU BAOAR PORT KtIANG SfIANGOR MAI AYSIA HAJ SHIPPING SDN. BERHAD I Express Unttod Service from P Kelang East Malaysia Brunei HAY ATI V: 12/81 HAYATI V: 13/81 HAY ATI t, 14/81 HAMDAH V: 15/81 HAMDAH V: 16/81 HAJMDAH V: 17/81 P. KELANG 24/8
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      Page 22 Advertisements Column 3
      407 22 FAR LINE SAUDI EAST Regular Conventional Service S. PRINCE S SUNRISE (All Soudi Flog VmmH) Lood.ng for DAMMAM, DUBAI, JEDDAH v BKK SIN PK 13/9 18/9 20/9 28/9 3/10 5/10 liT* ASM* MMUnOH CO ITO TU *****57. jmrnr. TISMS IDIMHW *****4/414JM i» IVMS STM SOU M T* *7375 TRANSTIMBER LINE
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      Page 22 Advertisements Column 4
      308 22 TITI SHIPPING TRADING SDN. BHD. (UNLOAD EXPRESS SERVICES TO EAST MALAYSIA AW) BRUNEI.) ACCEPTWG KAVYUFT UP TO 16 TONS SERVICES TO MRI KOTA KMABALU WT NO KMM FJCDJNB HST «/»i 77/1 m a/9 m s/u m/s u/i iM/n 11/9 13/9 Mri/KI IT *HWTMK DW TMB CMOONTMK a* Ml to NT
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      Page 22 Advertisements Column 5
      278 22 PERICAPALAN LAUTAN MU SDN. BHD. P O Ben 220. Kola Knabalu Sabah HGUUI IMB sarvw Sab* SarawMt Bangkok Snpporr Port k«im« a a m HEAP SENG TRADING SHIPPING PTE. LTD. 1201. 12rt> floor. GoUofl M4e Tower. Itodi Rood, Swgoport 0719. Tot: *****44 (3 M TV* R*****2 A/1 SHAITA SMGAPORE TO
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  • Page 22 Miscellaneous
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      156 22 <4 Regional Weather A >* v ■N h 4 r 35 c 9* W SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots Raiß Wave height Cloudy Sky Surface winds are indicated by arrows which fly
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