The Business Times, 2 June 1980
1980-06-02
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The Business Times
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Title Section10 1980-06-02 1 BUSINESS TIMES M.C4P) No. 111/1/8# MONDAY, JUNE 2,1181 50 CENTS10 words
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BRIEFLY...
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Article73 1980-06-02 1 Reuter NEW DELHI, Sun. The ruling Congress (I) Party of Mrs Indira Gandhi has captured a commanding early lead in state assembly elections that is expected to consolidate her power. The Press TYust of India (PTI) reported that by midafternoon, the Congress (I), fighting a divided and quarrelsomeReuter - 73 words
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Article62 1980-06-02 1 UPI BEIJING, Sun. China announced it has built two solar energy-powered light houses on the Paracel Islands which are also claimed by Vietnam. China recently constructed a guidance station for civilian aircraft on the islands which lie off Vietnam's east coast. The official Xinhua news agency saidUPI - 62 words
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Article43 1980-06-02 1 Reuter ANKARA, Sun. A major explosion rocked one of Turkey's largest refineries early today, the state radio reported. The blast, which occurred in the south-eastern town of Batman, killed two people and injured nine. It forced the closure of the refinery.Reuter - 43 words
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Article75 1980-06-02 1 Reuter JERUSALEM, Sun. Israeli Prime Minister Menachem Begin has told his government he is postponing a Cabinet reshuffle following Defence Minister Ezer Weizman's resignation and is keeping the portfolio temporarily for himself, Cabinet sources said. Mr Begin's decision to put off the Cabinet reshuffle followed opposition within theReuter - 75 words
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Article52 1980-06-02 1 KUALA LUMPUR, Sun. The strike by taxi drivers has entered its third day but did not have any crippling effect on the city. Pirate taxis had a field day on the road as overcrowded buses and minibuses and an irregular shuttle bus service failed tg meet the demand52 words
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Article82 1980-06-02 1 UPI CANBERRA, Sun. Peter Nixon, Federal Minister for Primary Industry, announced he would be going to the US and Canada later this week for discussions on grain sales to the Soviet Union. S-vstking at the fedsral conference of the National Country Party, Mr Nixon said the AustralianUPI - 82 words
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Article98 1980-06-02 1 AFP TOKYO, Sun. Japan is studying a plan to be proposed at the coming summit meeting in June 22-23 of seven industrial democracies in Venice to further double Japan's official development assistance to the developing nations in five years to come, it was reported. The Asahi Shimbun citingAFP - 98 words
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Article67 1980-06-02 1 Reuter OSAKA, Sun. Chinese Premier Hua Guofeng left for home yesterday after what he described as a successful state visit to Japan. Mr Hua said he was pleased with the amicable success of the visit "though I know China's northern neighbour (the Soviet Union) does not share theReuter - 67 words
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Article81 1980-06-02 1 Reuter KUALA LUMPUR, Sun. Some 50,000 Malaysian troops will take part in a war exercise in peninsular Malaysia next week, Defence Minister Datuk Amar Haji Taib Mahmud said. The four-week exercise code-named "Gonzales IV", a continuation of previous exercises, would enhance the army's understandir-g of conventional warfare underReuter - 81 words
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Article109 1980-06-02 1 THE following is list of the If most actively traded stocks on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1181 r«mpuy Tiraaver Prices High Law IN May M 1M109 words
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Article168 1980-06-02 1 SINGAPORE May a May n May 28 May Maya ♦-'BT Index 4910 43 4926 79 closed 4946.18 5143 63 •Industrials: 517 56 515.60 closed 515.88 520 21 »Fi nance: 906 9* 902 88 closed 907 09 908.49 ••Hotels: 455 S3 453 72 closed 455 30 457.16 •Properties168 words
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Article629 1980-06-02 1 RONNIE LIM - STOCKS CAN LAST 90 DAYS By RONNIE LIM, Chief Reporter SINGAPORE appears to be "very healthy" as far as the energy situation is concerned, latest oil industry figures indicate. In the unlikely event that Opec oil taps are turned off, the Republic has enough stocks to629 words
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Article259 1980-06-02 1 THE unreasonable demands of non-bumiputras are causing fear among bumiputras as to the Malaysian government's capacity to achieve the targets of the New Economic Policy (NEP). Prime Minister Datuk Hussein Onn said yesterday at the closing of the three-day Bumiputra Economic Congress 1980 in259 words
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455 1980-06-02 1 AGNES WEE - By AGNES WEE THE TEXTILE industry in Singapore appears to be benefiting from the investment allowance scheme (lAS) introduced by the Economic Development Board a year ago but it still faces the problems of labour shortage. Under the lAS which was designed to encourage local industries455 words
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Article333 1980-06-02 1 LARGE gold deposits have been located in several areas in the Malaysian state of Kelantan, a discovery that may make it one of the richest states in the country. The areas where gold is reported to have been found are Gua Musang, Manik Urai, Sokor and333 words
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291 1980-06-02 1 A PROMISE af a tens af six maa the' wages awaits civil servants «hi eaa eme ap with ways la redice the ase af manpawcr la gaverameat etnptoy. The aeheme, kaawa aa the Pradaetivtty af Maapawer Incentive Scheme (PROMISE), waa mmnanneed yesterday291 words
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Article307 1980-06-02 1 MARGARET THOMAS - By MARGARET THOMAS THE large and growing service sector is being increasingly frustrated by the Republic's lack of a registry of servicemarks. Servicemarks are essentially corporate symbols, (X- logos, though occasionally a company may use a word or a name as its servicemark. These logos can come307 words
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Page 1 Advertisements
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Advertisement19 1980-06-02 1 A helping Hand when you need it most WiyteomMomnctodFlii«BC«C)Ud. t Ground floor. Shaw House. Singapore 0923 Tel *****77 319 words
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Advertisement61 1980-06-02 1 See back page SONY Automatic Frame-by-Frame Advance The video program can be advanced slowly, one frame every 2 seconds, allowing the viewer to watch a scene step-by-step as it progresses. Again, sports are where this benefit would be most advantageous. It makes it easier to see whether the ball landed61 words
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Advertisement67 1980-06-02 1 SHIPPING TIMES THERE'S Mtly ne way to raeceed, says A. Wyaaer 2 REVIEW st majer cemmedltles last week 4 THE Demeeratfe battle seems to be ever 5 HOW majsr stock markets performed last week »tji WHY Makammed All skeoM ■•t tight again 11 LOCAL battery maaifaetarers ■till sptl—lsttr 12 AIRCRAFT67 words
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Advertisement209 1980-06-02 1 SENSU4UY RCCCIFO jdtKX. icunf i^rc-j r <a fu < Banking Finance Supplement 1980 Business Times is distributing today its annual survey on the challenges facing financial institutions in the Eighties. The supplement comes with the paper at no extra cost. Highlights of this year's supplement include: A survey of the209 words
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MANAGEMENT
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Article, Illustration769 1980-06-02 2 BIBIANA CHOO - By BIBIANA CHOO HIS manner is crisp and he looks every bit the brisk and busy executive who dissects problems with the neat confident air of a professional. At 36, Dr Hong Hai heads one of the most vital organisations in Singapore's research and development efforts the769 words
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Article, Illustration1088 1980-06-02 2 THE almost idyllic setting of a white colonial house nestled among trees and a well-kept garden tends to belie its importance. Few people are aware that in the house, tucked away in Tanglin Road, is actually the think-tank of Singapore. Now in its seventh year1,088 words
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Article610 1980-06-02 2 THE IM&TTftACK ,m.\i A wnwtß tuc ruicf fttCUTWI ro TK CHIlr t« oi/W/|0 THERE IS more to that old axiom about the best-laid plans of mice and men than meets the eye. From long experience, sometimes bitter, but always exasperating, it will soon be apparent610 words
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Article688 1980-06-02 2 AGNES WEE - By AGNES WEE THE Singapore Institute of Management has introduced a consultancy service to help its members tone up their managerial expertise. The service set up earlier this year plans to have the Skills Development Fund finance part of the cost of running the service. The688 words
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Article167 1980-06-02 2 Lee Say Keng - Letter to the Editor Lee Say Keng division manager Behn, Meyer ft Cn Dear Sir, I refer to your article Managing your time in the Management Page of the Monday (May 19) issue of your paper. I am very sure many of your readers would be167 words
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Page 2 Advertisements
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Advertisement203 1980-06-02 2 IBJ The Bank for All Reasons Corporate Financing. IBJ is Japan's oldest and largest long-term credit bank. With extensive experience in meeting corporate financial requirements through arranging bond issues and offering precisely tailored loan packages. Main Bank to Japan's Key Industries. IBJ is main bank to more of Japan's industrial203 words
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Advertisement122 1980-06-02 2 For Men: Herbal Portable Snmp. Because every man nwitsa rich, sudsing bath everyday. A solid bar of hard-milled soap especially formulated to last and last. For rich, sudsing, all-over-the body cleansing that leaves you wonderfully refreshed and invigorated. As there are no harsh detergents in its ingredients, your skin won't122 words
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Article, Illustration1211 1980-06-02 3 FT TAKE a large multinational with years of business experience, assured international outlets and a fairly solid home base. Set next to one of its foreign subsidiaries a small local company in the same field, relatively prosperous but little known beyond its national frontiers. Identifying theFT - 1,211 words
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Article, Illustration578 1980-06-02 3 Reuter A NEW international plan to encourage poor Third World countries to produce enough food to feed themselves is gaining momentum. Already France, the Netherlands, the United States, Japan and West Germany are supporting the idea, sponsored by American Maurice Williams, executive director of the United Nations'Reuter - 578 words
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Article, Illustration763 1980-06-02 3 EVER since the debacle of the fifth United Nations Conference on Trade and Industry in Manila, Third World countries have been suggesting economic cooperation among developing countries as a means to a more equitable distribution of world trade and industries. For most developing countries economic cooperation remains763 words
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Page 3 Advertisements
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Advertisement133 1980-06-02 3 Borobudur Intercontinental Your Business Centre in Jakarta. <3# If you travel frequently you'll expect your hotel to offer some kind of business centre to assist you. You probably won't expect one that offers services like ours. Like 24-hour telex, telephone and message facilities, secretarial and translation services. Like small conference133 words
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Advertisement132 1980-06-02 3 with this GE split air coiditioning system The outdoor condensing unit powered by famous 6E Climatuff™ compressor provides the cooling refrigerant while the quiet indoor console unit delivers cool, comfortable air without bulky, costly ducts. I lllllliiiiiiiiiii *****188 m it 4 0» ft i.'i' H Is < > i lf*»r132 words
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RAW MATERIALS
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Article298 1980-06-02 4 THE PRODUCE market dragged through «aether session of relatively dull trading last week m buyers remained withdrawn. Prices, hewever, were generally steady except fer pepper, which succumbed to farther downward pressure. A pepper dealer said that the prices of Sarawak pepper were considered high In298 words
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Article193 1980-06-02 4 RUBBER futures in London on Friday closed officially easier around the lows of the day but mostly 0.20 pence up to 0/20 pence down from Thursday. An exception was untraded near jly up around one pence per kilo. Turnover was 544 lots of 15 tonnes including 10 kerb trades.193 words
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Article129 1980-06-02 4 CHICAGO soybean futures 1 on Friday finished V« cent a bushel lower in the nearbys to 2V« US cents higher in deferreds. Prices ended around the middle of a scant 3'^-cent range in extremely slow trade. Local evening up ahead of the weekend and commission-house selling in thin trade129 words
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Article1273 1980-06-02 4 COFFEE: Robusta futures closed slightly lower last Friday, with losses from Thursday of £13 to £3 a tonne. Turnover was 2,220 lots including 21 options. Spot May expired trading 125 lots within a high low range of £1,645 to £1,636. Dealers said a late afternoon bout of dealer1,273 words
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Article252 1980-06-02 4 WHEAT futures on the Chicago Board of Trade last Friday ended half a cent a bushel lower to 3V4 US cents higher in the deferred July, with most months posting 1/ 4 cent gains. Prices settled near the highs of a narrow four-cent range in slow turnover. Local short-covering252 words
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1140 1980-06-02 4 AFP. PRICES of many commodities In Londn fluctuated lower in rather uncertain conditions for most of last week, before a late rally developed. But trading never really gained any impetus after the bank holiday on Monday. Currency considerations continued to play a vital partAFP. - 1,140 words
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Article78 1980-06-02 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated: LONDON: Fri Previoua Malaysian 5% ffa bulk per tonne July 572 50slr 590 OOalr Sumatra 5% ffa bulk ■lune 590 OOslr 590 OOslr July 572.50slr 590.00alr August 590 OOslr 590 OOslr September 590 OOslr 590 OOslr78 words
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MONEY AND EXCHANGE$
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Article211 1980-06-02 4 Source: OCBC THE REDUCTION of prime rates by some US banks on May 23 (to 14 per cent) and news of a US$l.3 billion drop in basic money supply in America sent the US dollar Singapore dollar rate lower with a 2.1300 opening last week. The US currencySource: OCBC - 211 words
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Article22 1980-06-02 4 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 12.1 per cent.22 words
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Article297 1980-06-02 4 THE DOLLAR last Friday closed off the afternoon's lows but remained well below its opening and Thursday's close against major currencies. It ended at 1.7745 65 marks and 1.6525 55 Swiss francs, compared with its opening 1.7835 50 and 1.6620/ 50, and Thursday's closing 1.7775 85 and 1.6525 40.297 words
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Article47 1980-06-02 4 FOR THE week ended Saturday May 31, the range of call rate received from Short Deposits (M) Bhd was as follows: Bask fund: 3 per cent to 6 per cent. Geaeral fud: 3V« per cent to 4H per cent. M«vemeate of funds totalled $699 million.47 words
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Article186 1980-06-02 4 ASIAN RATES ASIAN currency average deposit rates f*r the week ended May SI: LSI (Bid price*) High Low 7 days 9V. 8H 1 month 10*4 813/16 2 months 10 91/16 3 months 10 1/16 95/16 6 months 103/16 9* 9 months 10* 9* 12 months 10* 9 7/16 Swim Franc*186 words
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Article385 1980-06-02 4 AS INDICATED in the last review, gold prices traded higher to close on the New York Coraex at U5*545.20 a troy ounce last Friday, says Green and Collier Bullion Pte Ltd in its review of the gold market for the week ended May 30. Fresh interest was apparent as385 words
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Article342 1980-06-02 4 THE DOMESTIC interbank overnight rates fluctuated between 94 per cent to 12 per cent last week except on Friday, the eve of liability base day when weekend funds were taken up to 13 4 per cent. Term rates, which had stagnated previously, moved marginally as borrowers appeared towards342 words
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Page 4 Advertisements
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Advertisement163 1980-06-02 4 Wendy Hutton's UmU»N6APORE ■I food WENDY HUTTON ....more than just a cookbook! Here, for the first time, is a local cookbook that gives you more than just recipes. More, too, than lots of fascinating and relevant information about Singaporean ingredients and cooking methods. Singapore Food is unique because it puts163 words
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OVERSEAS
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Article327 1980-06-02 5 NYT PRESIDENT Carter, expressing concern about plans of European allies to take a new Middle East initiative, said the United States would veto any attempt by the allies to introduce a resolution on Palestinian self-determination in the United Nations Security Council. Although the Common Market nationsNYT - 327 words
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Article768 1980-06-02 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL FT FT75 0710 JEK/SEA TPE SIA SQ528 0750 DHA SLA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH671 0930 PEN/KUL SIA SQ211 1000 HLP MAS MH605 1000 KUL CPA CX710 1005 HLP SIA SQI03 1015768 words
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Article727 1980-06-02 5 AP TOMORROW is the day for the big political showdown in the United States, only the battle is already over. The Republicans have their champion in Mr Ronald Reagan, and President Jimmy Carter is expected to gain his renominating majority tomorrow as surely as thereAP - 727 words
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Article88 1980-06-02 5 AP THE Malaysian Navy has not established any guardhouse or garrison in the Kalayaan Island group claimed by the Philippines as part of its territory, a Foreign Ministry spokesman said on Saturday. He was referring to a news report from Manila which stated that PhilippinesAP - 88 words
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Article314 1980-06-02 5 Reuter AN IRANIAN official said over the weekend that the US government had used threats of imprisonment and fines to prevent an American delegation attending an international conference in Teheran on alleged US intervention in Iran. Presidential aide Ahmad Salamatian told a press conference that two hoursReuter - 314 words
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Article205 1980-06-02 5 Reuter RIOT police in Johannesburg kept watch on Saturday as South Africans celebrated Republic Day with no sign that student unrest over racial inequality was abating. Police said there was more violence overnight in several areas around Cape Town. Students stoned cars driven by whites andReuter - 205 words
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WORLD IN BRIEF
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Article498 1980-06-02 5 Agencies AMERICAN banks nationwide have adopted a 14 per cent prime lending rate the lowest since last October, but some analysts say economic conditions dictate an even lower rate. Citibank, the nation's second-largest bank, cut its prime rate by 0.5 per cent on Friday to theAgencies - 498 words
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319 1980-06-02 5 NYT THE Soviet Union has pulled back an armoured division of about 10,000 men and 350 tanks from East Germany, Western intelligence officials said in West Berlin. The troop movement, which began last December, followed the announcement of withdrawal plans by President Leonid BrezhnevNYT - 319 words
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342 1980-06-02 5 AP TOP-RANKING Chinese officials are flocking to Norway these days for official talks with the government to prepare a new long-term trade agreement and to study Norway's North Sea offshore petroleum industry, shipping and nuclear research reactor. Deputy Prime Minister Kang Shi-enAP - 342 words
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188 1980-06-02 5 Reuter AN INFLUENTIAL leader of Italy's dominant Christian Democratic Party has resigned over an allegation that he helped his son, a suspected urban guerilla, to flee the country. Party vice-secretary Carlo Donat-Cattin denied tipping off his son, Marco, that he was about to be arrested forReuter - 188 words
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Page 5 Advertisements
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Advertisement82 1980-06-02 5 It's our big difference at Ketong Thomson Restaurant Food, glorious food, for the family' Sumptuous seafood fresh-caught from the ketong and barbecued fried, steamed r or baked, and served with taste-titillating sauces Savoury home-style dishes A la carte Chinese delicacies t Lunch a delicious medley of tim-sum, siew lap and82 words
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Advertisement211 1980-06-02 5 «V» r/.. w n ;< i tv .<< gM BIVv i'M*- j\A, 7M ry i j* r--2r >* "*< s s «i s «l II II j ft*S- v.** Wl <P*r aw a 3-M C"'j CT3 S .-si *|S mmwm *y-r£.~■■•*£? %<*£t -v; > -w v >'V t> -3&*SSr i211 words
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REVIEWS
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Article, Illustration1443 1980-06-02 6 PATRICIA GOH - John Edwards (above) of the International Festival Chorus drops a few pointers to PATRICIA GOH on how to run a chorus. PATRICIA GOH NO SOONER is one project by the International Festival Chorus (IFC) completed than another is on the way. Behind them all is the ever-energetic John1,443 words
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Article, Illustration744 1980-06-02 6 NYT AFTER Marlon Brando had read the screenplay for The Formula, he invited Steve Shagan, the writer and producer, and John Avildsen, the director, to his home in the Hollywood Hills to discuss it. "Marlon's lawyer he doesn't have an agent called us oneNYT - 744 words
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Article543 1980-06-02 7 LEE YOKE MENG - By LEE YOKE MENG THE HEAT was atrocious. And the non-stop, energetic fanning by my noisy neighbours didn't make it any better or cooler. The ice-cream and toy-sword sellers came hawking their wares down the narrow central aisle, to accommodate rows of ardent and merely-carious opera543 words
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Article, Illustration773 1980-06-02 7 SALMA KHALIK - By SALMA KHALIK IF YOU think Charlie Girl looks anything like the tall, slim model who strides out with Charlie perfume, you are way off the mark. Charlie Girl, from the play of the same name presented by the Sceneshifters is a773 words
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Article, Illustration997 1980-06-02 7 S W TAN - By S W TAN IT'S FINALLY happened! Advances in computer technology and the modern preoccupation with digits have made a major breakthrough in terms of sound reproduction. After the super Seventies which boasted of "state of the art", "direct-cut" records, "super-sonic masters" and what have you, the Eighties997 words
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Page 6 Advertisements
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Advertisement112 1980-06-02 6 "Its good to have you home" t > nt >.:jsr" w w 9 The Equatorial. Just like coming home. You feel it in the heartwarming smiles. The personal care and attention. The relaxed atmosphere where you're free to be yourself. It's coming home to 300 luxuriously comfortable rooms and suites.112 words
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Page 6 Miscellaneous
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Miscellaneous626 1980-06-02 6 RECITALS POETRY recital by the Young Writers' Circle on June 7 at 6pm in the Lecture Hall of National Library. Presented by The Central Young People's Section, National Library. Admission is free. FILMS THE Hilton movie house shows for this month are Breakheart Pass on June 8; Thank God it's626 words
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Miscellaneous1385 1980-06-02 6 Surprise in Dallas ALAN'S romaace with Lacy Is dlsr®vfred b> Kristin who leva J.R. will dispoat of Alm If told. la a surprise mave, J.R. eacaaragee Alaa la taalght's Dallas rpiaodr "Pawer Play" (Ch. 5, 8.39pm). Bert Kaempfert aad his orchestra, singer Freddy Qulaa aad the Lm Machacbas mom on1,385 words
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Page 7 Advertisements
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Advertisement164 1980-06-02 7 Si! SI Elegantly Efficient. The New Swiss Line2oCX) Secretarial Unit from Diethetan. Elegant. Yet exceptionally strong and durable The Swiss Line 2000 Secretarial Desk Unit is available with attachment either on the left or right Solid construction gives vibration-free typing even with large electric typewriters Restrained, functional lines are emphasized164 words
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Page 7 Miscellaneous
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Miscellaneous29 1980-06-02 7 Bristow: FmnkDictenS qkgctors *£Pc MiS YGft* OH tue. Top "r^BLe. Ty-AG-N v r- —-Ta €>'r i*. A. vio "fVve.Yv>e GiveN IT p> tuc Pos-reoy, TMC UPT soy, .TtAe CP»Pe.Tp\<GJC?29 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article277 1980-06-02 8 MAY 30 Frs CORBEILLE Air-Liquide 541 -3 B S N Orvais Danone 963 >11 C S K iThom.vmCsf> 492 1 Cn» Kranraisi' 0.1 des Petroles 251 lompagnie Kinannerf Corn paging 386 OcMvalt -1 Credit Foncier 0 5 l>* France 460 Hachette -42 i I.ibrairie > 241 Machines Bull 59277 words
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Article96 1980-06-02 8 MAY 30 Krs FORWARD MARKET Acec 313 5 Arbed 1940 -10 ANtur 454 14 bra scan 656 -20 bru-Lamb 1320 unch Canpar 1018 -8 Cock 268 -2 BMfl 275 1 Ebes 1910 -30 Elect robe 1 5850 unch (Jb-lnno-Bm 2410 unch On 1068 -4 H< »tx»k 2540 unch Petro96 words
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Article225 1980-06-02 8 MAY .10 Dm Aeg-T«*lefunken 7500 -01 Akzo 2190 -01 AUz Lfben ***** 28 Allz Vers ***** -1 BASF 144 30 -06 Bay H T Wbank 224 00 -35 Bay Vbank 275 50 Bayrr BBC BMW Ca-ssella Chem Verm 124 SO 297 00 168 00B ***** ***** •4)3 03 *8225 words
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Article186 1980-06-02 8 MAY 30 Francs Actions Suisses 283 •1 Aiusuis.se Br 1155 S Alusulsse Reg 452 5 Brown Boveri Br 173® -45 Ciba Geigy Br 1065 -S Ciba Geigy P C 815 Ciba Geigy Rpg 597 Credit Suisse Br 2160 unch Credit Suisse Reg 397 -2 Flektrowatt Br 2290 -20 George186 words
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Article217 1980-06-02 8 MAY Mi Fts mm ***** •1 AMI 67 60 03 Ak/o 87 50xd -11 5 Amta.s ***** -15 Amrot Bank 63 10 09 ■MM 38 00 unch Berk 95 OOxd -75 BOIN 61 10 07 Borsumij ***** -2 Burhrnann 63 80 -0 4 Uyenkorf 50 50 -0 2 Calv*»217 words
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Article104 1980-06-02 8 MAY 30 Lire Anic Assoc Gen RaMogi 8 ***** 560 unrh 1030 -4 L'enlrale Kiat Finsider ***** 1737 70 459 -23 unrh Gen lmmob IH Pri I lalcemenli MRH 58 2380 ***** 759 -125 -20 550 •1 llalsidcr Magneli M Pf Marelli Ere Medlob 324 564 350 ***** 15104 words
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Article204 1980-06-02 8 MAY 30 CI Abitibi 18 Alcun 31 Algoma 31 Bank Mont 27 Bank Nova Scotia 23 -4 Bell Tel 20 Beth Corp BP Can Lid 43 unch Brasran 27 Camp Red Lake 41 2 Can Imp Bk 27 Canpar 40'. Canpac Inv Pf Carling O'Keefe 7'Cominco 55' Cons Bath204 words
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Article323 1980-06-02 8 MAY Rand INDUSTRIALS A Alpha 310 -5 Abercom 290 unch AS And (1 770 •10 A MIC 2325 unch Barlows 1010 unch Q| Sugar 1000 -30 NA 470 -5 Currie Finance 185 unch 1* Beers Ind 2600B 100 F.dcon Fdgars II. 6500 unch Fveready Fed Volk I.I 400 unch323 words
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Page 8 Advertisements
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Advertisement735 1980-06-02 8 See Page 9 for NYSE prices Where to wine, dine and entertain V For drinking. For dancing. For delightful evenings. Music by Bacchus International of London. We 're open SL 'X TIiUR 9pm to 2 urn SIS W% service charge +3% Less. Ist drink FRI SA 7 9 pni to735 words
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Advertisement186 1980-06-02 8 The Va s;i» LC $0 Ctr a A reputation for fine Cantonese food. Fortuna Restaurant offers one of the widest selections of Cantonese cuisine in Singapore. Each dish reflects a subtle blend of natural flavouring and spices, a taste which is distinctive of true Cantonese cuisine. Entertain your business associates,186 words
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MARKET REVIEWS
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1342 1980-06-02 9 NEW YORK STOCKS Reuter DESPITE depressing economic news, the New York stock market last Friday closed higher after a 14point decline on Thursday. Leadership again came from oil issues, but was joined by a strong showing from metals. The D-J industrial closed about four pointsReuter - 1,342 words
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Article599 1980-06-02 9 wm K.Lumpur lUltij 2™' A THIRD time lucky. The Kuala Lumpur stock market, having twice failed to break through the 600 points psychological barrier during last week, finally succeeded in doing so late on Friday. Buyers, storming the trading floor at the very last599 words
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Article318 1980-06-02 9 ff lok, g A AFP IN THE absence of fresh incentives, the Tokyo stock market see-sawed generally in the final week of May. Trading was slowest in 10 weeks, reflecting a market sentiment to await the outcome of the June 22 elections of upper andAFP - 318 words
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Article791 1980-06-02 9 K j Singapore A PESSIMISM had no place on the Singapore stock market last week. The prophets of gloom were once more proved wrong as buyers continued to assert their dominance pushing share prices markedly higher. With "buy" cries swarming the trading floor, it was hardly surprising791 words
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562 1980-06-02 9 New York NYT WHENEVER the Dow Jones industrial average goes into one of its prolonged sinking spells, there is talk in Wall Street of "splitting the Dow," perhaps 10-for-l, so that the declines won't jolt the investing public unduly. Lately, however, this sortNYT - 562 words
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Article339 1980-06-02 10 Violet Chow - Week ended May 3t Compiled by Violet Chow SCRIP ISSUE Hate I Grand Central: Bonus Issue of one-for-ten. OTHERS Harper GLtflllan has received acceptances totalling 5.06 million ordinary stock units or about 97 per cent of its offer for the 5.21 minority shares of H339 words
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Article1044 1980-06-02 10 GERALD COLVERD - FT ra] London JWIIt By GERALD COLVERD A CURRENT city tale, enlivening a sluggish close to the long three-week trading account, concerns a company whose business activity jammed its switchboard. The effect was that, while staff could made outgoing calls, the company could not receive anyincoming1,044 words
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Article466 1980-06-02 10 < Reuter A THREE-DAY rush of buying set near-record trading volumes on Sydney Stock Exchange last week and dealers were calling it the "Strata oil boom". More than a million shares changed hands each day on this oil and gas explorer as its price doubled, thenReuter - 466 words
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Article2893 1980-06-02 10 Gr'a Gr'a Net This Year Laat Div Div Y'ld P/E Vol Week High Low Company Sale or- Cvr (OOO) High Low SECTION ONE INDUSTRIAL A COMMERCIAL 370 245 Acma 312cd unch 15.0 2.8 44 124 58 316 310 223 220 Alcom 223 12.0 2.5 54 12.6 1492,893 words
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Page 9 Advertisements
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Advertisement142 1980-06-02 9 This announcement appears for the purposes of record only April 1980 Ul! 56 S Mi Tn p® a) UNITED OVERSEAS LAND LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) ISSUE AT PAR OF $90,000,000 9 PER CENT. UNSECURED LOAN STOCK 1980/87 with REGISTERED SUBSCRIPTION WARRANTS TO SUBSCRIBE FOR ORDINARY SHARES IN142 words
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Advertisement266 1980-06-02 9 d NEC AID SOFTWARE LIMITED in conjunction with NEC COMPUTERS invite DEALERS AND BANKERS to view demonstrations of the AUTOMATED INTERNATIONAL DEALING SYSTEM and AUTOMATED INTEGRATED BANKING SYSTEM at the New Banking-Asia Expo'Bo World Trade Centre. Singapore. June 3-5, 1980 from Ipm 7pm. For further information and alternative dates for266 words
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Page 10 Advertisements
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Advertisement164 1980-06-02 10 An expansive but skilfully assembled story, set mainly in New England, Long Island and the Philippines, that focuses on the destinies of a talented medical family between 1950 and the present. The central characters are Kevin Derry, a cardiologist who fights his way to the top of the medical establishment164 words
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MONDAY SPORTS
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1005 1980-06-02 11 RONALD KOW - By RONALD KOW SO THE Young LJons move Into the Malayria Cap semi-finals agala. Before coatlnalng with the rejoicing, take a closer look at the leagae table up to last Saturday. The New Smadmy Times of Malaysia pat down Selnngor and Pahaag as "already qualified"1,005 words
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Article, Illustration873 1980-06-02 11 CHARMAINE CHAN - SGA GOLF LEAGUES CHARMAINE CHAN SEMBAWANG Country Club's three FAN Handicap League teams did the club proud yesterday when, playing at home, they unexpectedly defeated league-leader Singapore Island Country Club in all three divisions. With this remarkable achievement, Sembawang has left the bottom873 words
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Article1338 1980-06-02 11 NADINE BROZAN - Women joggers in New York's Central Park, especially those who jog alone, face the obvious perils. NADINE BROZAN examines the problem and reveals some ways for joggers to enjoy their regular outdoor runs in places like public parks. The best defence, it seems, is running inNYT - 1,338 words
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Article262 1980-06-02 11 AP MUHAMMAD Ali, in training for a summer bid to regain the world heayweight boxing title, appears to be suffering from brain damage and should not fight again, a British neurologist was quoted as saying yesterday. A London Harley Street physician, who was notAP - 262 words
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Page 11 Advertisements
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Advertisement252 1980-06-02 11 Just Published! o* o\umn c Yuirnc* 73^ essa^ Joof £v,s>a n The rfTHt g t m i s®fi a •v P C. 9t*ks $1 M Was Chairman Mao a secret communist? Is America in danger of going capitalist? Do airlines discriminate in favor of baggage? Are you suffering from trans-galactic252 words
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580 1980-06-02 12 FONG MEW LENG - By FONG MEW LENG DESPITE the Government's recent decision to remove protective tariffs on automotive battery imports, manufacturers in the industry are optimistic about the viability of their operations in Singapore. They have questioned strongly the Government's rationale and doubt that the authorities have a clear580 words
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267 1980-06-02 12 UPI DESPITE its proclaimed "advisory" status, South Korea's military-dominat-ed special security committee announced on Saturday will tighten more than ever the military grip on the country, analysts said. As with the formation of a new Cabinet a-week-and-a-half ago after the old oneUPI - 267 words
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Article534 1980-06-02 12 GERALD COLVERD - GERALD COLVERD THE British City Panel on Takeovers and Mergers will issue its reply to an appeal against its findings instructing Gasco Investments to make an 85 pence-a-share offer to St Piran shareholders, within the next 48 hours. After months of investigation the panel announced534 words
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228 1980-06-02 12 AFP THE International Monetary Fund (IMF) is considering a major change of its 10-year-old yardstick currency Special Drawing Rights (SDR) by simplifying procedures to decide its value, it was reported. The economic daily Nihon Keizai Shim bun said IMF might take a newAFP - 228 words
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353 1980-06-02 12 Reuter SHORT-TERM interest rates in the United States will fall to around 7V4 per cent by end-1980, while long-term prime name borrowers such as utilities will be paying 9Vi to 10 per cent, US Conference Board chief economist Albert Sommers forecast.Reuter - 353 words
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391 1980-06-02 12 UPI AFGHAN rebels said they have killed Soviet troops by the hundreds in eastern Afghanistan and an influential American Quaker repented after a visit to Kabul that Moscow is "looking for a way out". Soviet troops launched a major attack on two valleysUPI - 391 words
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Article213 1980-06-02 12 UPI PRIME Minister Masayoshi Ohira, hospitalised for exhaustion on Saturday, will remain bedridden for at least several days to rest and take a medical examination, his aides said. A spokesman (or the Prime Minister's Office said Mr Ohira, 70, has recovered considerably but took a sedativeUPI - 213 words
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Article, Illustration108 1980-06-02 12 SINGAPORE'S Chief Justice Wee Chwi Jin (left) represented the Repute at the ieeiM international conference «f appelate court judges in Bydaey. The enfemee, heM (rem May 1521, was attended by ahsat 71 saperier court judges from Asia, Africa, West Aria, the Pacific, Europe and the Uaited108 words
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405 1980-06-02 12 Reuter AP PRESIDENT Carter said over the weekend that the current US recession is much steeper than he and his top economic advisers had expected, but he assured Americans that everything possible is being done to bring the economy around. Speaking outside the CBSReuter; AP - 405 words
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227 1980-06-02 12 AFP ALL insurance companies registered in Malaysia should restructure their equity, management and staff set-up to ensure that bumiputra participation in these sections is increased by at least 30 per cent. The call was contained in a five-point resolution on insurance services approvedAFP - 227 words
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Article76 1980-06-02 12 MALAYSIAN private sector employers have been urged to pay their workers an allowance similar to the civil service allowance given to the public sector employees. National Union of Commercial Workers' secre-tary-general, Mr MM Vasagam, said that the government allowance was basically intented to meet the higher76 words
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Page 12 Advertisements
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Advertisement143 1980-06-02 12 Advertisement Goldmine Discovered Recent reports from informed sources confirm an amazing discovery. "When I looked at the figures, I couldn't believe my eyes" said one leading industrialist. "It's a fortune" said another. "It's just like discovering a goldmine" a respected accountant told his colleague. What has caused all the excitement?143 words
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Advertisement112 1980-06-02 12 THE NEW BANKING Asia Expo 80 DOD a aoa ®X® ®x® Technology for the bank of tomorrow The latest technology, equipment and services from the world's great corporations is on display at "THE NEW BANKING Asia Expo' Bo' opens today at the World Trade Centre. Companies from 10 countries are112 words
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Page 12 Miscellaneous
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Miscellaneous65 1980-06-02 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in several places from late morning. Re pert (or 24 hours prior to TJf p.m. on June 1 at the airport. Maximum temperature 32-0 Associated humidity 71 Minimum temperature 24.6 Associated humidity 98 Hours of sunshine 5.00 Rainfall in65 words
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SHIPPING TIMES
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PORTSIDES
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Article67 1980-06-02 13 Reuter HONGKONG and China's Guandong province are to discuss in detail the development of Hongkong's port facilities, said Mr William Dorward, Hongkong's Director of Trade Industry and Customs. Mr Dorward, a member of Hongkong's first trade mission to Guandong, has also discussed the possibility of packingReuter - 67 words
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Article85 1980-06-02 13 AFP THE captain of the Soviet vessel Pervomaysk was fined HK$l,OOO on Thursday for entering Hongkong waters without establishing radio contact wih the Hongkong Port Communications Centre of the marine department. The magistrate was told that the vessel entered port during the early hours of April 30AFP - 85 words
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Article97 1980-06-02 13 Reuter CONFERENCES covering the trade between Europe and India, Pakistan and Bangladesh said effective June 2 they are raising their currency adjustment factors. The new CAFs are as follows: Continent westbound 37 per cent versus 34.5 per cent previously, Continent eastbound 42.5 per cent vsReuter - 97 words
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Article, Illustration714 1980-06-02 13 LINDA CHEE - By LINDA CHEE WATERMAN Steamship Corp, a major US lighter-aboard-ship (LASH) operator, will make its debut in South-east Asia with a new LASH/container service from US Gulf to South-east Asia/Far East ports at the end of the month. Waterman will also take714 words
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Article606 1980-06-02 13 Shipping Li* Page C«i Skipping Use Pme CM Adriatic IV 5 Fesco V 1/2 Afea VI 3 Flotta Lauro V 5 Alfred vn 2 Fortune VI 5 All trans VI 5 Franco-Be lg m 4/5 Alpac VI 5 Frota Line V 4 Angkutan VI 4 Fujiwara VI606 words
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Article, Illustration289 1980-06-02 14 THE LATEST newbuilding on the Far East Europe trade, the 29,508 gross tons Transworld Bridge called at Singapore and Port Klang over the weekend in the course of her maiden voyage. Placed by Kawasaki Kisen Kaisha, which operates as a member of the Ace289 words
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Article312 1980-06-02 14 AFP AFTER a slow start because of the bank holiday, the tanker market became more active last week and rates hardened in places. The upcoming meeting of the Organisation of Petroleum Exporting Countries in Algiers in 10 days' time when further crude-oil price rises may beAFP - 312 words
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Article926 1980-06-02 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/Agent and Is subject to change (2) A11 export FCL containers and LCL cargo must be delivered to the Authority's premises during the following926 words
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Article1127 1980-06-02 14 CHARTERING was on a reduced scale on Thursday, with rate levels virtually unchanged. Grain cargoes were fixed from the US Gulf to Taiwan at $44.50 fio for June and from the US Gulf to Mombasa at $55 fio for spot loading also from the US Gulf to Japan1,127 words
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Article, Illustration837 1980-06-02 15 THE principal reasons for maintaining a London office, or indeed a London base, have not changed materially for many years, according to representatives of the Greek shipping community. Despite the massive swing to Greek registration since the mid-seventies, the development of back-up shipping services within Piraeus has837 words
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Article651 1980-06-02 15 IN THE NEWS ADRIAN SWIRE, who took over as president of the General Council of British Shipping last week is one of the last maritime entrepreneurs left in the UK. Although he is not in the same league as Hongkong's Sir Y K Pao or C651 words
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Article, Illustration439 1980-06-02 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Jaya (0700 after California) 26 Cherry Laju (0830 tide after Cherry Crystal) 27/28 Hoe Hing (Tanker) (after Shoun Maru No. 6 P,/0 Subj. gas free) 5/16 Hoegh Clipper (1200 after Solar Peak Draft not to exceed 9.7 m) 35/36 Han Kook439 words
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3026 1980-06-02 19 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of3,026 words
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Article236 1980-06-02 20 Ship Sales LONDON SECONDHAND tonnage brokers last week reported the following sales: Mahabharat a tweendecker of 7,846 long 'dwt built in 1977 was sold to Far Eastern buyers for US$900,000; Panseppos a 10,100 dwt tweendecker built in 1964 to Far Eastern buyers for $1.8 .•Billion; Toro236 words
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Article83 1980-06-02 20 AFP A 15-MILE long oil slick was 'sighted by air reconnaissance off the south-east coast of the Italian island of Sicily on Wednesday. I The oil slick was about four miles off the Passero ""Cape, the southernmost tip of Sicily. Authorities thought the slick might haveAFP - 83 words
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285 1980-06-02 20 Reuter JAPANESE shipping lines plan to seek overseas financing for the construction of their chartered ships. The Japan Shipowners Association said the lines are reviving the practice of arranging for their overseas subsidiaries and affiliates to raise funds to build foreign-flagReuter - 285 words
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Article290 1980-06-02 20 AFP SEVEN US cargo ships, refitted with military equipment, will be deployed to the American-leased British base of Diego Garcia in the Indian Ocean to allow the rapid deployment of American air force troops in the region, the British foreign office said. The deployment of theAFP - 290 words
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Article173 1980-06-02 20 Reuter THE VwM Buk uwwi Itanday It is leadiag USJtt mllll— to the Philippines to flaaaee the tmaimm sf fonr parts. lie fmt parts which will get mw quyi aad storage balldiags are Capyu De Ore, Ceba, Delle sad Zamhtnp The haah said theReuter - 173 words
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Article136 1980-06-02 20 The major shipping consortia operating between the Far East Europe and Straits ports/Australia and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. 'K' Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line. Nedlloyd Lines.136 words
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Article195 1980-06-02 20 THE NEWS that Gotaas Larsen had laid up two of its very large crude carriers, half its VLCC fleet, is fresh evidence of the depression in the supertanker market. More shipowners are likely to follow Gotaas Larsen and lay up their ships. A few have195 words
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Article182 1980-06-02 20 THE UK merchant shipping fleet fell by 6.2 million dwt in 1979 its sharpest drop since the Second World War. However, the General Council of British Shipping believes that the sharp decline in the UK fleet has almost ended. In the past four years, the182 words
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Article1477 1980-06-02 20 The leading shipping lines operating from local ports and the agents who handle cargo bookings for them. A B Adriatic Caatalaer Continental Feeders (S)/Cargo Freight (PK). AFEA Singapore Shipping Agencies (S)Euro-Asia Line (PK/PN). Alfred C. Taepfer Sea Consortium (S)Marintex Enterprise (PK). Alpac Intrasea (S)/Yeo Shpg and1,477 words
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Page 13 Advertisements
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Advertisement365 1980-06-02 13 \C\i Europe Our Next Loader elang: 24/6 10/6 Port Kelang: ±r'.° Singapore: \O/6 For further details, see page V n J AR DIM AN I AH Orient Overseas Co*tku+t&i Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) ion* pejub. m ocvalo PAUL 22* mekator isw Dtmo ROZE 20* KOREAN UCEWON365 words
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Advertisement244 1980-06-02 13 111 l SSI SEALORI) ANTAH UASC UNITED ARAB SHIPPING CO (SAG) ARABIAN GULF EXPRESS MULTI-PURPOSE SERVICES FULLY CONTAINERISED SERVICE Vessel BARZAN V.I GRAND NAVIGATOR V.6 RED Dubai (8/7), Dammam (10/7), Kuwait (12/7), Abu Dhab. (14/7), Bahrain (16/7), Mina Qaboos (18/7). Doha (20/7) Dubai (13/7), Dammam (15/7), Kuwait (17/7), Abu Dhabi244 words
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Advertisement28 1980-06-02 13 I mm CONTAINER Schedules U LONDON Freights U/Ul SHIPS In Pert m SHIPPING list VH REGIONAL Weather Vm WHO Acts For Whom VIII SHIP Sales Vffl CONSORTIA Vm28 words
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Advertisement741 1980-06-02 13 Australia Our Next Loader Port Kelang: 7/6 Singapore: For further details, see page V MAERSK LINE EXPORT TO U S. PACIFIC, GULF, ATLANTIC, EAST CANADA AND ASIAN PORTS Port Kelang SaM Matnk Pinto 3-3/6 4-4/6 Maersk Rando 8-9/6 10-11/6 Maersk Pinto 15-16/6 16-17/6 Maenk Pinto 25-25/6 26-27/6 6-7/7 Singapore Closing741 words
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Page 14 Advertisements
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Advertisement597 1980-06-02 14 LEO SHIPPING PTE LTD. SINGAPORE PERNAS-MISC SHIPPING AGENCIES SDN BHD PORT KEIfING PENANG t V_ 1 HEAD OFFICE: WISMA MISC TEL: NO: KL *****8 MALA YSIAN NTERNA TtONAL SHPHNG CORPORA DON BERHAD Mm Acceptng For 11 Barcelona Genoa. 2) Amsterdam Antwerp L Ha»re. Bilbao Baste. I*. 3) Bremen Bremenhaven, fortius597 words
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Advertisement323 1980-06-02 14 BBS SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA n K«a* kt> I nTOK CM Ma* Sw* Oato Br». B Vat tetw St M* 110 I J3/4 2/7 ~,7 .7/1 3/6 9/6 •25/4 45/6 26/7 1718/6 17/7 2/7 7/7 26/7 31/7 MM Sa* Clato 7/7 J/7323 words
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Page 15 Advertisements
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Advertisement598 1980-06-02 15 Overseas j I Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAIOSHP SERVICE TO W/CONTHEMT: Htai Sparc P Ratal* D'mjrt Bum Osaka Bay 6 25 Mi 27 Mi 2M 1 M M 9 M 11 M 10 M 12 M ISM 20598 words
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Advertisement335 1980-06-02 15 Z E Franco Belgian Services (Fur East French Service with Belgian Far Eastern Lines) .member o< acl consostiumi 1 SOURCE TO MOW nn cowwetar struct from europc SMGtfOK P HUNG It Him Idam HW| BUmor Vwmf, ICPTIff PEARL 3tm *km 22 km 23 km 27 km 2t km 1 U335 words
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Page 16 Advertisements
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Advertisement784 1980-06-02 16 &3 Hapag-Lloyd FULLY CONTAINERISED TO EUROPE Osa*a Bar MancKesler Vanfuard Bar Mm Mam Lnwpwl Ban Kama Mara Hamtof Eipress C M E**w(ti Bay larfs Bay EXPRESS CONVENTIONAL TO EUROPE Spore PKeiarifPen B»ao G Mai Riduners In Port 7 6 9 6 Rmterstoi 10/6 FULLY CONTAINERISED TO GENOA/TIMESTE HR S port784 words
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Advertisement558 1980-06-02 16 KOREA ZZ G P. Kelang VEGA 149W 9/12 June VEGA 150E 9/12 June AITAR 153W 11/14 My ALTAIR 154E 11/14 July STORE 13/17 June FOR BUSAN BANGKOK 13/17 June TO BUSAN IMP USUI inonun 15/19 July FOR BUSAh RANGKOR 15/19 July TO BUSAN PENANG CALL SUBJECT INDUCEMENT KSC KSC KSC558 words
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Advertisement631 1980-06-02 16 EVERGREEN LINE r FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE 1 ACCEPTWG CARGO FOR HAMBURG FELIXSTOWE ROTTERDAM ANTWERP. IE HAVRE ALSO ACCEPTWG CARGO FOR UNITED KINGDOM SOUTHAMPTON. lONOON. MANCHESTER BIRMMGHAM BRISTOL LIVERPOOL. GLASGOW LEEDS WEST GERMANY ftKMEftHAVtN HOLLAND AMSTERDAM MMwtfa* Ftfntowt fatwp It Haw* I- I*l1* 1 lkm M IMr 2Mr631 words
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Advertisement1042 1980-06-02 16 Everett Lines! Smgk Burmi Five Star Shipping Corpn Jok "BURMESE NATIONAL LINE" LOADING FOR RANGOON Spore fMm HTwrtimH PAGAN 1/11 fen BF S S.C Agtnts m Motayvo TIPS MALAYSIA *2LAjf Compania Argentina Da Wmtmim I—t—< S. a. c.i.f VMf "ARGENTINE NATIONAL LINE' Intarcontinantai S. A. C.I. F. LOADING FOR DURBAN.1,042 words
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Advertisement489 1980-06-02 16 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE AUSTRALIA SERVICE f Kebnt 10/1? Jun Loadnf (or: STO. Ma. ADEI BANGLADESH SERVICE 15/20 In* CHTTTAGONG. CHALNA JAPAN/STRAITS SERVICE S«(afMre P KeUnf Penary OCEAN Pff M PORT 3/4 lunt OASIS DUKE M PORT 3/4 Jum OCEAN RESOURCES 3/4 June 5/« June BKUI489 words
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Page 17 Advertisements
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Advertisement422 1980-06-02 17 S.E.A. Container Feeder Service SINGAPORE/HONGKONG/MANILA ACCEPTABLE LCL/FCL CONTAINERS/ ALSO AVAILABLE 40-FT REEFERS. FOR HKG Pakistan National Shipping Corpn. Karachi Pan Islamic Steamship Co. Ltd. Karachi Pacific International Lines pte ltd (joint service) Malaysia Shipping Corpn. sdn bhd PHILIPPINE INTERNATIONAL SHIPPING CORPORATION ISt (incorporated in the Republic of the Philippines) Pacific422 words
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Advertisement934 1980-06-02 17 LPT®: Uw Ham HMto*|E*rtn C#r el E AMwgk CarApa bf Larp W[ BEN LINE CONTAINERS EXPRESS COMTMNEK SERVICE TO/FROM EUROPE H'BURG B'HAVCN ROAM HAVRE SOTON Sport P «M<t Germany Austria Antaerp France M U.K. 4/4 25/4 27/4 21/4 23/1 7/4 9/4 2/7 1/7 38/4 29/4 21/1 12/4 4/7 4/7 7/7934 words
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Advertisement751 1980-06-02 17 w I i 4 wj t Scan Dutch V WEEKLY EXPRESS CONTAINER SERVICE b S»«i l)Ms*es2)Rda« 3)Hburg«lGkurg 10/0 nn 2/7 24/0 9/1 U7 it/; 1) Bartakwa Canoe. HfOofi 2) lnv*Hi UX. Caner) Islands 3) lm. Br taenia km Aarton. M M> «mh 1/7 3/7 1/7 10/7 21/7 22/7 21/7 n/i751 words
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Advertisement516 1980-06-02 17 BOUSTEAD SHIPPING AGENCIES LOADS FOR E. S. AFRICA K""**" ftatoan SIKMM 9/11 12/ li Mr 25 W, 31 My (the loading tor Port [lu East London and C town) U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, Galveston) Sinfaporc P Kelang US GuN VELMA LTKES (dadi i LOIISI LTKES (dbdi516 words
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Page 18 Advertisements
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Advertisement829 1980-06-02 18 EE LINE KAWASAKI KISEN KAISHA, LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA rem vessels* n Mono kssels Vend 7/6 >/« Hst*a Mm Kvtum Bndft Kaolin 02M 1/6 11/6 Asa Ifani no TK U SE NT 27/6 6/7 30/( 10/7 26/6 l|/7 30/6 10/7 30/6 10/7 26/6 IJ/7 5/7 15/7 5/7829 words
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Advertisement474 1980-06-02 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Load* tar LOS MOLES. SAM FRANCISCO SEATTLE. TACOMA. VANCOUKI B C Accent FQ/fCt Mmh irmnoi huwton. mcumb mt Fa fa M»n Penang P Kmng VISHVA MAS JAPAN SERVICE ounmp FROM BOMAY TO tOH. OSAKA. MfIOVA. "*S»*A APWVA" (cafe Inta) FtOM CALCUTTA TO UK.474 words
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Advertisement554 1980-06-02 18 S SINGAPORE SHIPPING AGENCIES PTE LTD 2 OTM FlOO« OCtAN BJH 0 SINGAPOBf 1 MARKETING 9 M 122 13 Il*E Si GENERAL 9> J l 114 LINES) TELE* RS 24i9S RS 2SS6B A B CARSHIP »CABLE CARGOSHIP 033! Itc<|i«nal Container Lilies WEEKLY CONTAINER SERVICE to/from BANGKOK VOY SPORE (Wed) BANGKOK554 words
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Advertisement611 1980-06-02 18 TS\ GRANARD LINE INDEPENDENT A TTRACTtVE RA TES u MEDITERRANEAN SEA SERVICE ALSO ACCEPTING CONTAINER CAM GO fCL ONLY FOR. PORT SAID. ALEXANDRIA, BEIRUT LATTAKJA. U MAS SOL. ISTANBUL PIRAEUS Specially engaged agents 6 stevedores providing immediate discharge S'wt PidM| UMON m row V 3SW 6 km 9 km FORTUNE611 words
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Advertisement755 1980-06-02 18 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone **********4057 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S'pore P. Keiang ATLANTIC HANK W877 In Port Saiefl NORASJA N879. S'pore P. Keiang Penanj Loadng for: In Port Saied ROTTERDAM BOU LOGNE.'UK (AVON) 19 Jui 23 Jun BOULOGNE UK (AVON)755 words
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Page 19 Advertisements
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Advertisement729 1980-06-02 19 NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A mem&er o' the AC6 u^ TO EUROPE/UK (VIA SUEZ): N.PEARL+ C. PAUL C. ROZE 22/6 K. JACEWON 28/6 HK CONTAINER 3/7 0. CHEF 9/7 Container feedered to/from F'stowe Also accepting cargo to/from Scandinavia N PEARL S'pore Closing Times: FCL Cargo729 words
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Page 20 Advertisements
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Advertisement336 1980-06-02 20 INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) Cargo Bookngs Please Phone *****43 MARTRANS CARGO PLEASE CONTACT SCHENKER SINGAPORE -TEL *****11 FROM EGYPT PYRAMDSU ALEXANDRIA SINGAPORE Juie 11 June 26 ACCEPTMG CARGO FOR BUSAN. MOD. KOBE. YOKOHAMA GENERAL AGENTS I N" SHAPING PTE LTD TEL336 words
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Advertisement260 1980-06-02 20 \*Pl OCEAN LINES REGULAR NON CONFERENCE SERVICES MEDITERRANEAN SEA SERVICE Spore UNQUE WINNER V 4KB Omit OCEAN DtAMOfC V 9N825 Jul P Kelang Penang loading lor Port Satd/Lrussoi/AJeiandru Piraeuj/Beirut/Lattafcia SAGASIA PTE LTD (LOUIS DREYFUS GROUP OF COMPANIES) 'T«t *****55 <5 Lntt) TELE* IK 2U94 StSOS P KELANG PSO SHTPtfc SON260 words
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Page 20 Miscellaneous
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Miscellaneous153 1980-06-02 20 Regional Weather W: L? 3 V l-» > t a m i^Ar s ys i 15» <VOrt4^ (.V Va SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Rain Cloudy Sky Temperature Weather Dew point C Win< Wind direction with speed in knots153 words
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BANKING AND FINANCE SUPPLEMENT
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1607 1980-06-02 21 BANKING in the Eighties will be unlike anything Singapore has ever experienced in its short history of financial development. The lessons accumulated over the last decade of growth as a financial centre is unlikely to have more than a glancing relevance to our future1,607 words
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Article, Illustration1415 1980-06-02 22 HANS-JOACHIM SCHREIBER - SEVERAL tax and other incentives have been provided by the Monetary Authority of Singapore to propel the Republic's bond and CD issuing activity. Although the Asian dollar bond market in Singapore has still a long way to go before reaching London's status1,415 words
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Article, Illustration2726 1980-06-02 23 LEE YOKE MENG - The People's Republic of China has made many news headlines over the past year, almost all of them related to the country's change in attitude towards foreign investment and participation in its economic development. Together with this gradual internationalisation of China's economic approach is2,726 words
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Article, Illustration1321 1980-06-02 24 TOSHIO KARIGANE - Despite the impressive growth of Floating Rate Certificates of Deposit in the last three years there are those who feel the market may be facing a glut. TOSHIO KARIGANE, President of DBSDaiwa examines the available evidence and concludes1,321 words
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Article, Illustration532 1980-06-02 25 FINANCE companies have largely been left to their own devices in Singapore's headlong rush to build a viable financial centre. In the same period where local banks went through a flurry of activity resulting in the creation of two major banking groups of three banks532 words
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Article, Illustration1116 1980-06-02 25 ROBERT GJERLOW - The role of finance companies looks J® 4 be significantly enhanced In the *****. There are no crystal-balls «f*e into but for ROBERT GJERLOW, managing director of International Trust and Finance, there is no doubt which direction the industry should take. Loan syndications with merchant banks may become1,116 words
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Article, Illustration1808 1980-06-02 26 LUCIANO MORELLO - Representative offices to upgrade or not to upgrade? One of the weakest aspects of representative offices in Singapore is that they may, in the long run, miss a concrete integration into local hanking business, a necessary prerequisite for any deep involvement in Asean's development. Does this mean that international banks1,808 words
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Article2185 1980-06-02 27 While several representative offices in Singapore are still adamant about maintaining their existing status, several others are quietly but seriously thinking of adopting a more active position. A European banking representative in Singapore takes us through the initial years of his office's trial and tribulations, and,2,185 words
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Article, Illustration4195 1980-06-02 28 JONATHAN DUBOIS - Financial turmoil followed the freezing of Iranian assets by the US. JONATHAN DUBOIS, a partner in Condert Brothers, New York, examines the implications for banks and highlights the need for more carefnl lending to sovereign powers. JONATHAN DUBOIS, DURING the short4,195 words
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Article, Illustration1066 1980-06-02 30 MINORU UEDA - TIME TO REVIEW RESTRICTIONS The past lew years have seen the full-licensed banks in Singapore expanding rapidly in all aspects of their operations. Restricted banks, on the other hand, appear to be maintaining a much lower profile. Are the restrictions on their deposit acceptances proving to1,066 words
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Article, Illustration2032 1980-06-02 31 OLIVER TAN - Exchange-control liberalisation certainly has its muchproclaimed benefits. But it also lends the financial system, if not tailored accordingly, to greater exploitation in the field of arbitrage opportunities by those seeking to circumvent reserve costs. If unchecked, this could lead to a complete loss2,032 words
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Article1447 1980-06-02 32 MARGARET THOMAS - "I want someone who can structure the loan agreement so that the only risks I will take are those which have been fully identified." By MARGARET THOMAS CAN Singapore's banking community depend on local lawyers? Or must foreign lawyers be brought in if the1,447 words
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Article, Illustration1464 1980-06-02 33 SHIRO SHIMIZU - The Japanese are by no means the least enthusiastic participants in the Republic's growth as a financial centre. SHIRO SHIMIZU (right) of the Bank of Tokyo gives three reasons for the proliferation of Japanese banks here and defines three points vital to1,464 words
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Article, Illustration1378 1980-06-02 34 YEOH BENG CHEOW - It has been eight years since discount houses first took their pride of place in Singapore's money market operations. How have they performed in terms of providing an alternative source of funds to foreign banks in the Republic? How important, too, have the commercial bills1,378 words
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Article, Illustration1989 1980-06-02 35 LEONG TIM FOOK - By LEONG TIM FOOK GOLD IS money. Gold is a commodity. To assess the future monetary and commercial value of gold, we have first to look at the past and present performance of the metal. Monetary role. Gold is found in the1,989 words
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Article, Illustration1925 1980-06-02 35 GAN TJOEN HOK - By GAN TJOEN HOK A FUNDAMENTAL measure of the success erf any market is perhaps its liquidity and depth. Liquidity indicates a market's ability to execute transactions at various prices and at a competitive spread. This is to say that at any given time, there1,925 words
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678 1980-06-02 36 GOLD may have accounted for much of the lustre in recent precious metal investment. But there is actually as bright a sparkle yonder in diamonds, where every carat sparkles almost forever, at least in many an investor's eye. Wholesale prices of highquality678 words
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Article415 1980-06-02 36 IN THE past, inflation in most countries was held steady at around 3 to 5 per cent per annum. But in the last decade, we have watched it soar into double digits and at the same time, the value of exchange and paper assets (financial assets) began a415 words
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Article, Illustration1666 1980-06-02 37 O. DOUIN - By O. DOUIN, general manager of BNP (SEA) IT HAPPENS in our complex and somewhat perplexing society that a single word may have multiple meanings and that several words may share a single meaning. So it is with the concept 'merchant banking'. In a restricted1,666 words
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576 1980-06-02 38 QUEK PECK LIM - By QUEK PECK LIM MERCHANT banks are often considered a higher breed of animal in the jungle that makes up a financial centre. Most would view the typical merchant bank to be that quintessentially British creation that was first given life by the necessity to576 words
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Article, Illustration930 1980-06-02 38 ALVIN TAY - THE TOP DRAWER J By ALVIN TAY MORGAN Grenfell and Standard Chartered are the two most sought after merchant banks by senior executives of local companies as far as corporate finance advice and acquisitions are concerned. They are at the peak of a very select pyramid of five930 words
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Article1265 1980-06-02 38 Nirgti Grenfell (Asia) Limited (MGA), is a whollyowned subsidiary of one of the bluest-blooded British merchant banking bouses. Morgan is a member of the prestigious Accepting Houses Committee in London and is a force in the aggressive promotion of British capital goods exports with1,265 words
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Advertisement671 1980-06-02 21 i A LEGAL CONTROVERSY •Bankers say that there are only a few local lawyers worth their salt. The names and why they fail to meet banking needs Page Twelve FINANCING THE FUTURE •There's a role for finance companies in the Eighties that has a lot to do with the pool671 words
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Advertisement665 1980-06-02 22 we will meet 3<9 A 0 m m im n s s t= I 01 v-v\ m mm Z4k '•fa,* £3 Va wm*~ w. *mw •Hp 81 r i J 0 -m M W A W S LOCATE YOUR FINANCIAL AREA IN THE WORLD MAP. THERE WE WILL MEET Representative665 words
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Advertisement410 1980-06-02 23 U I I I lIU I II u u THAILAND I I nMIIIMmiUMIIMMIIMHIIIMIIMJIIMMIMIiiMhI,,!,!, -J J V%* 4», Jr. H ni n 141 uin 11 m M 111 Mi m >L Slffl 0105CH*****063 U MALAYSIA *****H X- 222 2 2 1 S 5 -N$ >> X> *4 Vf f* I *tf410 words
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Page 24 Advertisements
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Advertisement239 1980-06-02 24 The innovative world of FOCL Finance Forward Oversea Credit Ltd is the brightest star in the Singapore finance horizon. It is innovative, competitive and thoroughly modem in its approach to financing. It already leads in Industrial Financing and is now in the Consumer Finance market. And it is strong! It239 words
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Advertisement57 1980-06-02 24 medium long term finance loans to purchase or construct industrial commercial properties and other fixed assets. loans to developers of industrial, commercial residential projects. hire purchase financing for machinery equipment. SINGAPORE FACTORY DEVELOPMENT LIMITED (A wholly-owned subsidiary of The Development Bank of Singapore Limited) Podium 132, Ist Floor, 6 S57 words
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Page 25 Advertisements
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Advertisement198 1980-06-02 25 United Overseas Bank Group. A decade of growth. millions of dollars (Ss) 24.7 20.0 ml 3Z.S I ill millions of dollars (Ss) 1796 111 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1970 1971 Net Profit: Compound Rate ol Growth 1970—1979:32.2% Total Assets: Compound Rate of Growthl97o-1979:29.3% millions198 words
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Advertisement214 1980-06-02 26 V H I I J 2 Start an account with us at any of our On-Line branches. Savings, Current Accounts and Fixed Deposits you will enjoy a friendly service which OCBC takes pride in. «r- -< 4. >: <«• s Confidence Through Security i f ll r I I s214 words
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Page 27 Advertisements
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Advertisement398 1980-06-02 27 COME GROW WITH US f jraiTnni competitive finance and instalment schemes. We already lead In Industrial Financing, and are now In the Consumer Rnance market. $40J31« Come and grow with us. We have a deposit scheme to suit your particular requirement And we are safe as houses. We are a398 words
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Page 28 Advertisements
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Advertisement306 1980-06-02 28 s m 5^5 i*S *s m /T -c- ST *C z y y X !&Z>m <> V# at VI r s itsT r 9 A network of expertise built over a century reaching into Asia, West Asia, the USA and Europe. The Hongkong Bank Group has over 400 offices in306 words
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Advertisement440 1980-06-02 29 TAT LEE BANK Singing forward Ml ttlC '80S —sssst** MuHkfiNHon dollar Tat Laa Bank Building Construction of a new Head Office complex at Market/Malacca Streets to better serve all our customers with Tat Lee Bank's tradition of personal service. Tat Laa Bank now a public listed Bank 1960 saw the440 words
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Advertisement201 1980-06-02 30 The Corporate Dollar Capital Working Capital Overheads Taxes Reinvestment Idle Cash O MW X y > r/xc lE' 1 ii m k v; '/A il i 4a. Mt Alii&uui SING. IPORE Put your idle cash to work with American Express International Banking Corporation Whether you do business in one currency201 words
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Advertisement184 1980-06-02 30 X: >V' L' •<" V i > t < \\u 2 IviA <* u V..~-< >' t KSf iJf i'l ">H < < •»>*, .V .1 'J •4 Foresight and Wayfoong MAF and you 're prepared come what may. Saving for a rainy day Wiyfoong MAF can give you a184 words
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Advertisement230 1980-06-02 31 mr.« With us, your business can mellow like vintage wine, i Cheers! Whatever your business, we can help it with f our highly experienced medium and long-term financing services. So it matures and mellows like prize wine. MITSUI TRUST THE MfTSUI TRUST BANKING CO..LTD. Nl> 'O f| Oash. Muromachi 2-cfxxne230 words
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Page 32 Advertisements
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Advertisement208 1980-06-02 32 The First Finnish Bank In Asia Union Bank of Finland (Singapore) Ltd, a wholly owned merchant bank of i the Union Bank of Finland. The oldest and largest L* commercial bank in Finland. The V establishment marks the latest addition to 7"™'' 0 > the bank's international network. Our knowledge208 words
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Advertisement183 1980-06-02 32 What's Amro Bank doing in Singapore? Helping a lot of clients, locally and internationally. Amro Bank is the leading commercial and investment bank in the Netherlands. Last year we opened a new branch in Singapore. One of the world's increasingly important financial centres, we felt, would certainly have need of183 words
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Advertisement484 1980-06-02 33 It's in the cards. The money of the future. Apply for the American Express Card. kh, ■1 i 'd iH i a r> ..-C You don't need fortune-telling skills to know what's fast becoming the money of the future: the American Express Card. It is the world's most respected and484 words
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Advertisement295 1980-06-02 34 To come out on top in foreign exchange dealings.it pays to dei The Australia and New T Zealand Banking Group Limited. The AMZ Bank is the leading Australian bank in South East Asia for foreign exchange dealings in all currencies, and the acknowledged leader for transactions involving -Australian and New295 words
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Advertisement276 1980-06-02 35 ONE OF THE LARGEST BANKS IN THE WORLD IS TAKING A NEW PATH TO INTERCEPT THE FUTURE. Historic symbol of Bankers Trust—The pyramid atop our Wall Street building. J A MANAGER x IS MORE THAN Aftl: ACCOUNT OFFICE^ m International Banking Subsidiaries in the United States: Chicago. Houston. Los Angeles276 words
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Advertisement395 1980-06-02 36 Lloyds Bank Group in Singapore and the Pacific Basin. For information about the wide range of services offered by the Lloyds Bank Group in this region, including finance for the purchase of imported capital equipment and local and off-shore loans and deposits, please contact our local offices: Singapore: Lloyds Bank395 words
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Advertisement315 1980-06-02 36 BANOUE INTERNATIONALE A LUXEMBOURG Another successful year for BIL Assets Lux francs million USS million Condensed Bailee S*>«ei «*t 31 '979 Total assets of Lfr.s 104 1 billion, representing an increase of 22% with regard to 1978 This exceptional growth is due above all to the customers deposits which were315 words
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Advertisement119 1980-06-02 37 1 ppST FHANO al ■<* V >s a iT V 1 < TIE AGE OF EFTS*... AT A TOUCH OF A BUTTON. Growing demands for improved customer services are causing financial institutions to provide automation as a means of improving operational efficiency. Keeping pace with the demand for new services119 words
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Advertisement277 1980-06-02 38 The lifetime investment you can also wearfrom Eastern Watch V r"Anyone who reads the papers these days must be aware that gold is more prized today than ever before. Today also possibly more than ever a fine watch by a famous maker in unashamedly luxurious 18 carat gold reflects its277 words
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