The Business Times, 8 August 1980

Total Pages: 30
1 30 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 111/1/8« FRIDAY, AUGUST 8,1181 50 CENTS
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  • BRIEFLY...
    • 81 1 AP TEL AVIV, Thurs. Israel has imposed new restrictions on Palestinian activists, ordering seven leading West Bank nationalists not to leave their towns for an indefinite period. The orders were an attempt to quash what an official source called "trouble-makers" in the occupied West Bank and Arab
      AP  -  81 words
    • 74 1 Reuter KUALA LUMPUR, Thurs. New Zealand Education Minister Mervyn Wellington has assured that his government would not increase fees for foreign students and would continue to maintain its anmmi intake of 250 Malaysian students. In a meeting with Malaysian Education Minister Mr Musa Hitam, he said there
      Reuter  -  74 words
    • 50 1 JAPAN will spare no effort to expand its political and economic relationship with Asean countries, Japanese Ambassador Toshijiro Nakajima said yesterday. "The present relationship between Japan and its Asean partners is close and friendly. I trust we can be optimistic about the future of these relations," he said.
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    • 89 1 Reuter JAKARTA, Thurs. Unilever Indonesia, a subsidiary of the Anglo-Dutch company, will offer 15 per cent of its holdings on the Indonesian stock exchange next year to help finance a US$lOO million expansion programme. The newly-appointed Indonesian chairman, Mr Yamani Hassan said the value and issue were
      Reuter  -  89 words
    • 63 1 Reuter BEIJING, Thurs. China's leading newspaper, the People's Daily, carried a commentary today supporting the Asean proposal for the establishment of a demilitarised zone in Kampuchea under UN supervision. It Also said the key to the Kampuchean issue, as well as the maintenance of peace and security
      Reuter  -  63 words
    • 52 1 UPI NEW DELHI, Thurs. India's holiest river, the Ganges, has become "furious and is spreading havoc" in Uttar Pradesh, where it has flooded hundreds of villages, reports said today. The Ganges worshipped by million of Hindus, and its major tributaries submerged many more villages today, the reports
      UPI  -  52 words
    • 82 1 AP NEW YORK, Thurs. Stock prices showed some widespread gains, following through on Wednesday's late upsurge. The Dow Jones average of 30 industrials, already at its highest level more than three years, climbed 4.69 points to 942.92 in the first half hour. Gainers outnumbered losers by a 3
      AP  -  82 words
  • 132 1 Rises Indices Mala yea Tim 5300 100 Aug 6 Aug 7 7503.45 7629.82 Troaok Mines 1600 80 B.T.Indicator: Malakeff I C B n^i 448 5T0 476 38 +30 +30 Industrials: 577.68 582.88 Finance: 1046.67 1068.99 Tu Ckoif 900 25 Hotels: 527.91 528.70 N 8 T 680 25
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  • Article, Illustration
    140 1 Rises Indices Malayan (T) 5500 Tronob 1630 A Amal 910 Prima 470 Intraco 406 Malakoff 436 CCM 560 Steamship 290 Kempas 640 Beriuntai 1070 Sg Best 1270 Alcorn 265 M Cables 257 Falls Magnum 1060 Ind Oxygen 234 G Ropel 418 +200 +50 +40 +36' +26 +26 +25
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  • 687 1  -  SECURITIES INDUSTRY ACT By LEE YOKE MENG,RUTH CHENG THE Registry of Companies (ROC) is. keeping a closer watch on the securities industry. For a start, it has approached two securities houses, Bache Halsey Stuart and Merrill Lynch, to apply for a dealer's licence. This
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  • 228 1 AS SINGAPORE enters the Eighties, there is a need to evaluate the nation's leadership, organisation and work attitudes. Dr Augustine Tan, MP for Whampoa, said these are the three human factors determining a country's economic performance when the global economy is facing rampant inflation and unemployment.
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  • 438 1  -  1 AGNES WEE MORE contractors have expressed support for Singapore Contractors Association Limited's appeal against the Government's (dan to make it compulsory for foreign workers to contribute to the Central Provident Fund. It is estimated that about half of the contractor members will incur a loss
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  • 308 1 AP A FALL in imported oil and precious metals reduced the US trade deficit by 28.6 per cent in the second quarter of 1980. The US commerce department said the merchandise trade deficit fell to US$7.B billion, compared with a revised deficit
    AP  -  308 words
  • 171 1 THE ail Deretidui eeepeey mm to ipMiiw*! Mintota aai mrrhsatoitlM at Siagapere's balUlag laĕmtrj, aid to trill ■•re toeal MMtnettM will litrWiee' ZTZZ Ttrliii e«iitraetlu efilpMit, whlek I pTIVfd flflMMty will bf ■MMtl to irtnto emtreeton. It inD «In exoTtZZZS tor IttwJ Devetopneat,
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  • 328 1 THE FAR East Freight Conference (FEFC) has propoaed an 8.5 per cent increase in general freight rates from Jan 1 next year. An FEFC team, which met the Malaysian National Shippers Council (MNSC) in Kuala Lumpur yesterday, also decided to exempt the shipment
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  • Page 1 Advertisements
    • 25 1 GLORY DESK-TOP BANKNOTE COUNTER fr BUSINESS MACHINES SYSTEMS (S| PTE LTD 47 Podium Block GoMhili Plaza Newton Road Singapore 1130 Tel *****94/6 CaOie BUSNESTEMS Singapore
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    • 56 1 BALLY Made in Switzerland TV? sx a Ik 3 3 13 3 auk as_ ai»TC u International recognized as Trend-setters. MAXY' /i Another winner from BALLY of Switzerland newest V/ collection of leisure shoes for men. Soft rich suede with ultra lightweight sole. Sole Agent for S.E.Asia, Hong Kong Taiwan
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    • 65 1 Mii>3 SHIPPING TIMES GEORGE Mm Mqalra land POSB achieves 14.2 pc rise 1b fsr expan5i0n...........— I depssits ASEAN palp and paper prsjeet UOB, OCBC are amang the Tap de1ayed....................................* t stl 11 JAPAN U discuss measures la DEBT service payments «f b—at ecaa5my.......................... 3 LDCs will rise 12 AIRCRAFT S,
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    • 280 1 m i pic A'rviir -X'l 1 bi s Don't leave home without k THE HUMAN FACTOB Business Times publishes today lis annual Natl—l Day supplement. He lt-page supplement leeks at current methods of managing fflnnnorri*B cruciai eeoaomic resource ns wornorce. New that it has fceeeme dear jnst what dbeetM ear
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  • TRADE AND INDUSTRY
    • 462 2 SEMINARS AND COURSES Aug 9-16: Mobil Oil Spill Prevention Control Seminar, Shangri-La, Mobil Oil (S) Aug 15-Sep 23: Personnel Administration for Non-Per-sonnel Managers/Officers, P.O.D. Training Centre, P.O.D. Aug 17-22: Research utilisation, RELC, Singapore Family and Population Board Aug 18-Sep 8: Professional Salesmanship, RELC, NPB Aug 18-19: Cost Control
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    • 679 2  -  By RICHARD SEAH GEORGE fcOHEN (Far East), a member of the 600 Group, has acquired a new Industrial site for expansion into the manufacture of sophisticated machine tools by 1983 The 11-acre site at Jalan Ahmad Ibrahim is almost three times as large as
      679 words
    • 108 2 ITALY'S Ministry of Foreign Trade and the Italian Trade Office in Singapore are sponsoring a mission to Italy for Singapore furniture and Hgfrrtnp traders next month. The trade mission, expected to number five, is scheduled to coincide with the International Furniture Exhibition in Milan. The team
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    • 553 2 Bangkok Post THE Australian Government is determined to develop trade between Australia and Asean countries to the fullest extent. Speaking in Us opening address to the second Asean Trade Fair in Melbourne early this week, Prime Minister Malcom Fraser said that the tair
      Bangkok Post  -  553 words
    • 268 2 THE CONSUMERS' Asnciation of Singapore (Cue) faces a bleak future unless it upgrades its activities through increases in manpower and funds. Its programmes against profiteering, adulteration and other malpractices in the consumer goods trade need follow up but are hampered by inadequate funds. Addressing
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    • 201 2 WEST Germany's northernmost province of ScheswigHolstein is keen to establish closer economic and trade links with Malaysia. Its Minister of Economy and Transport, Dr Juergen Westphal, in Kuala Lumpur for a 12-day visit, said he was finding facts and preparing the way for a large trade and economic
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    • 133 2 THE Singapore branch of Rank of America has promoted Mrs Linda Quek and Mrs Tan El-Ling from assistant managers of the loans department to assistant vice presidents. A graduate from the University of Singapore with a Bachelor of Arts degree, Mrs Quek's hanking career started as a
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    • 451 2 THE $1.4 billion Asean integrated pulp and paper project has been held up because of delays in completion of a feasibility study fay the Japanese Investment Corporation Agency (Jica). According to a report in the Business Day, it will take more than 14 months
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    • 120 2 THE Indonesia-Singapore link of the Asean submarine cable system will be officially opened today by the communications ministers of both countries. i The ceremony will be marked by an international direct dialling telephone call, which will be transmitted through the cable. The submarine cable, which
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  • Page 2 Advertisements
    • 209 2 UTA Escapades •fit ***PS ;»„-v, <>- *>■; *■< •> >-! >">V a ~mWx. J wflk i BWW "«>« e -JT' '.«C)W& r *<*¥£ •'j 4 I ,4 V I r f .i/f??. Ab i > *Jf |v Jp.ifi "P a i i V. >■*■~. ft J-nVV w fc-l .v< MAI
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    • 54 2 A 1 lernu/f d? Cartier PWK SANTOS WCH 0k r% m A W)rid-Wide Life La^Guarance les must de Cartier Boutique* Gl9, Ground Fkxx, Far East Shopping Centre, Orchard Road, Singapore 092 3. Tel: *****5& G36, Lucky Plaza, Orchard Road, Singapore 0923. Tel: *****27. Metro Grand Lucky Plaza, Orchard Road, Singapore
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  • REGIONAL
    • 438 3 Reuter PHILIPPINE Foreign Minister Carlos Romulo yesterday said he would convene a meeting of the Asean Standing Committee to consider prospects for dialogue with Vietnam on the Kampuchean question. The committee comprises ambassadors of Singapore, Thailand, Indonesia and Malaysia as well as Philippine officials. Mr
      Reuter  -  438 words
    • 157 3 Reuter THE PHILIPPINE central bank is maintaining its forecast of a US$3BO million overall balance of payments deficit this year, despite the increased costs of imported fuel, bank governor Gregorio Licaros said. He said Opec price increases are expected to add H Milk» to last
      Reuter  -  157 words
    • 82 3 UPI SRI Lankan armed forces are scheduled to launch a joint operation today to thwart a suspected general strike attempt by opposition trade unions. Officials said the military operation will prevent any gatherings at public places which violate the country's state of emergency rules.
      UPI  -  82 words
    • 338 3 Reuter, UPI MANY American and Japanese businessmen would look to sources other than Australia for raw materials if industrial relations in the country deteriorate further. Australian Minister (or Industry and Commerce Phillip Lynch said a number of businessmen he spoke to during his visit last week
      Reuter,; UPI  -  338 words
    • 136 3 Reuter AUSTRALIA is likely to have an energy export surplus of between $4 and $5 billion a year by the end of the decade. Shell Co of Australia chairman Leslie Froggatt said this is despite an expected oil import bill of about $3 billion a year and
      Reuter  -  136 words
    • 563 3 AFP PHILIPPINES opposition leader Benigno Aquino said yesterday he would wage a "selective but intensive" lobbying campaign to end US support (or the martial law regime of President Marcos. Mr Aquino, who has previously denied ambitions for power, also said that should Marcos fall
      AFP  -  563 words
    • 171 3 AP, Reuter INDIA is opening its doors to foreign oil drilling and exploration companies to meet the country's growing energy needs. Petroleum Minister Veerendra Pa til told Parliament that the government made this decision because it wants to reduce its oil import bill.
      AP,; Reuter  -  171 words
    • 426 3 Reuter THE JAPANESE Cabinet Council of Economic Ministers is expected to meet early next month to discuss measures to boost the economy, the secretary-general of the ruling Liberal-Democrat-ic Party (LDP), Mr Yoshio Sakurauchi, said yesterday. He told a press conference after talks with
      Reuter  -  426 words
    • THE REGION IN BRIEF
      • 522 3 Agencies AIR «New Zealand said it will begin Dying a third weekly service to Singapore from Nov 6. The new frequency is designed to strengthen the airline's passenger and export cargo loads in preparation for the introduction of Boeing 747 Jets next June, it said. THE Netherlands
        Agencies  -  522 words
  • Page 3 Advertisements
    • 244 3 Leader...page I EVERY YEAR, OVER &00(M)00 PEUGEOTS THROUGHOUT THE WORLD COWER SOME 90,*****0 KILOMETRES THE ELEGANT TOUGH 504 a These qualities are proven daily on ordinary roads and rough tracks just as they are proven in the rallies regularly won. All Peugeots have the no-nonsense dependability of cars built to
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  • RAW MATERIALS
    • 329 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.08, 100 per cent second class 0.96, 100 per cent third class 0.93, 25 per cent new crop no stock, B-10 per cent 0.90. THAI BROKEN: A-super 0.72, Special no
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    • 192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) CattM yam: China Blue Phoenix 20b 2,196; 32s 2,590, 40s 2.840 (per bale of 400 lbs). Pleee pifc: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 125 4 VALUES on the Kuala Lumpur palm oil market yesterday ruled lower in line with easier overnight Chicago trends andon lack of buying interest, dealers said. Trading was quiet with the northern region easing Ms2o to $840 a tonne for August while in September the Central and Southern region
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    • 230 4 Reuter DETRIMENTAL weather conditions in the last stage of the growing period as well as during harvest cut as much as 1.25 million tonnes this season from Argentina's potential crop of the five major oilseeds of roughly 7.4 million tonnes, the Hamburg-based weekly
      Reuter  -  230 words
    • 86 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Aug 7, until further notice: Bafthar: 289>4 cents a kilo; Cepra: 865.00 a tonne; Palan kernel: $955.75 a tonne; WMte pepper: $3,712.50 a tonne; Black pepper: $2,640.00 a tonne; The rate* of duty payable are:
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    • 295 4 OPENING prices on the Singapore rubber market yesterday were marked down initially on lower London advices but the market later recovered slightly on reserve of sellers, short-covering and covering demand ahead of the coming long holidays. Values finished at the morning's best. The morning session closed slightly higher with
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    • 299 4 R.AJ9. prices In cents per kilo ywterdajr rv— Buyer Int. 1 R.S.S. prompt t.o.b. 386.50 Int. 1 R.S.S. August 287.50 Int. 1 R.S.S. September 288.50 Int. 2 R.S.S. 279.50 UK/Coot 278.50 Int. 3 R.S.S. 276.50 UK/Cont 275.50 Int. 4 RS.S 270.50 UK/Coot 281.50 Int. 5 R.S.S. 365 50
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    • 103 4 NOON 88 R «ad SMR pi ■AS S8R 20 (1-taa Am m (CVTMI My an 8< P«Um) Ml.00 It Mtk) iDtn 263 00N (F*r» mS 1 SmnU 262 00 mr 52 Mi. OON S8RS0 (1-ton pallM) 286.00 mooN ■MO XI.OON Mil SMR LB cv (1-laa [miimi 293J0
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    • 104 4 Reuter THAILAND'S rubber exports in April rose to 42,890 tonnes from 34,796 tonnes In Msy and 34,100 tonnes in April last year, statistics from the Thai Ministry of Agriculture show. Total rubber exports during the first four months of this year dropped to 176,112 tonnes from
      Reuter  -  104 words
    • 80 4 Reuter HEAVY rainfall returned to China's Yangzi valley this past week and the excessive wetness created unfavourable conditions for the main rice crop, which was Hearing maturity, the Joint Weather Facility of the US Agriculture and Commerce departments said in a report. Meanwhile, private exporters
      Reuter  -  80 words
    • 84 4 Reuter PRODUCTION of recoverable copper at US mines in May rose to 129,315 short tons from a revised 127,761 tons in April, the US Bureau of Mines said. While May production of copper from primary sources at smelters remained virtualy unchanged from April, output
      Reuter  -  84 words
    • 37 4 Rubber: Aug 7 Singapore: Aug: 291.00 cents (up 3.50 cents) Malaysia: Sept: 295.75 cents (np 3.25 cents) Tin: M 52.160 (equivalent to $35.71 per kilo) (up 6 cents) Official offering: 216 tonnes (np 8 tonnes)
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    • 78 4 THE STOAITB tin prlee la Peaaag ywfaftUy recovered a pied to $24* The metol imvowl Mltwiig the rise hi spot tin hi Lsaisa ui farther purietMif haytog tran the Earapeaa, IB paansß^M^tocal However p additional eeatrlfcatleas of metal «M set ene eeatlmeat aad torso ver rose to 211
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    • 163 4 CHINESE Praises Exchange, flan pwii, aeea eMtawjrtess per IHkg Ceesnet slit Bulk fob 143.75 sellers, old drum (in second hand drum) fob $153.75 sellers, new dram fob $159.75 sellers. Cepra: Mixed (loose) $Bs3o buyers. Pepper: Muntok white pepper fob Asta NLW $430.00 sellers, Sarawak white pepper taq fob
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    • 249 4 CHICAGO soybean futures on Wednesday held modest gains for much of the day but then fell in the closing minutes after the government draught report showed little major change in crop condition last week. Final prices were off 3V4 to 10 US cents a bushel, at or Just above
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    • 199 4 WHEAT futures In Chicago on Wednesday traded in a restricted 4 V» -cent range before ending V« to two US cents a bushel higher on balance. Traders were impressed by the continued siaeahk Qilnw buying of American wheat with more expected in the near future. At the same time,
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    • 635 4 COFFEE: Robusta (utures yesterday ended the morning £35 to £4 lower in quiet trading. Turnover of U9OO lots Included eight options. Traders said the market lacked incentive although some reported small twoa activity by the Pancale e Company. The market (ailed to enstain earlier strength, based partly on
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  • ASIAN STOCKS
    • 574 4 TOKYO THE market was still hovering around the speculative issues yesterday, but the forerunners including Hitachi Seflti, Kurabo Ind, Tokai Kogyo, Nippon Chemical Ind and Gajoen slipped back by profit-taking, and was replaced by the small-stsed construction issues including Tokyu Construction, Mitsui Construction and
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    • 353 4 SHARE price* yesterday closed firmer led by gains in energy and sugar slocks, dealers said. Woodside added 10 cents to close at A 53.02 and Vamgas 50 to 16JO. CSR rose 12 cents to $7.48, Pioneer Sugar eight to $L5O and Bundaberg five to 53.80. Alternative energy stocks were
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    • 290 4 Source: SHK See THE STOCK market yesterday opened firm with good buying interest carried over from Wednesday. After the strong opening, profit-taking gradually set in driving the index down 2.66 points for the day. There was no news of significance. Hang Seng index: 1140.26 (-2.86). Turnover: HKJ353.15 million. AUG
      Source: SHK See  -  290 words
    • 238 4 STOCKS closed mixed in quiet trading yesterday, dealers said. Bangkok Bank row four baht to 306 and Industrial Finance Corp one to 116, while First Trust dropped OJO to 116, Stem Cement two to 254 while United Flour MQI and Jalaprathan Cement were unchanged at *****3 baht respectively. AUG
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    • 99 4 AUO 07 Pno Acoj* Mining AUm Con. A JMM 4MI AUas Con B. HI us BlfUM Ootd Bencuel Con. B BP Ooodrtch riwr JM> tMO -O-OOM •1 U4» M6 unch -01J Inco B. LandoM Lfptnto B zn .u unch B me «U Merelco Oriental A On* n 1*1 B
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    • 51 4 FINANCIAL TIMES INDUSTRIALS Wednesday «TS.1 Tuesday— «80J Week Ago 888.7 DOW JONK8 AVERAGE INDUSTRIALS Wednesday Will Tueedsy «18 Week Ago 938.1» HJLHANG 8ENG Thursday 1140X5 Wednesday 1142J8 week Ago *****6 SYDNEY INDUSTRIALS Thursday 708X8 Wednesday 701 X8 Week Ago 880X8 ALL ORDINARIES Thursday. 831.72 Wednesday 886.44 Week Ago
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  • Page 4 Advertisements
    • 316 4 NEW si HOT® I M» l s guyn KXv Hamlyn Paperbacks TELL ME WHO I AM BEFORE I DIE LINDA the hard-drinking big-spender, turned on by drugs, sex and violence MARIE the loving wife, mother and nurse CHARLENE the patient sufferer BABS the child MICHAEL the guide and comforter Which
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  • OVERSEAS
    • 356 5 Reuter THE BRITISH Department of Trade should review the adequacy of the Companies Act legislation covering the disclosure of the beneficial ownership of shares, a departmental report said. The report, prepared by inspectors appointed to investigate the acquisition of 9ome 25 per
      Reuter  -  356 words
    • WORLD IN BRIEF
      • 394 5 Agencies A SHARP fall in home demand means Britain is now producing as much oil as it consumes, government figures showed. The figures showed that in the second quarter of 1980, total use of petroleum and British production balanced at 19.5 million tonnes (1.56 million barrels per
        Agencies  -  394 words
    • 416 5 Agencies CHRYSLER Corporation will join Ford Motor Company and car unions in formally asking that Washington restrict imports of foreign cars into the United States, Chrysler general director Paul Bergmoser said. Chrysler is "almost ready" to file such a request
      Agencies  -  416 words
    • 557 5 Agencies PRESIDENT Carter yesterday outlined his economic manifesto for re-election to the White House, promising massive investment in new energy sources to reduce unemployment and inflation. He told the National Urban League for Black Civil Rights in New Yak that he will introduce an "economic renewal"
      Agencies  -  557 words
    • 159 5 PRESIDENT Anwar Sadat, repeating an appeal in Arabic, English, French and German, asked the world on Wednesday to help build a Christian-Islamic-Jewish centre at the foot of Mount Sinai. Speaking at the foot of the biblical mountain, where Moses is said to have received the Ten
      UPI  -  159 words
    • 379 5 Reuter, AP SAUDI Arabia and Iraq, signalling the start of concerted political action by the world's two biggest oil exporters, have warned they will use their economic strength to back the Arab cause and protect Islam. The two countries announced at the end of a
      Reuter,; AP  -  379 words
    • 306 5 AP AS THE Wednesday midnight deadline passed for Granada TV to name its informant in British Steel Corp (BSC), a former BSC executive confessed to leaking some of the confidential documents. The order to Granada a week ago by the House of Lords was regarded by
      AP  -  306 words
    • 214 5 AP THE number of Jobless Americans receiving regular unemployment insurance declined for the third consecutive week In July, another sign that the recession may be leveling off. The US labor department said *****,000 people were receiving benefits through regular state insurance programmes during
      AP  -  214 words
    • 899 5 ARRIVALS Service Local Operator Number lime Fren MAS MH801 0700 KUL TMA TL341 0715 BEY/DXB SIA SQ528 0750 DHA SIA SQ101 005 KUL MAS MH621 0835 PEN RBA 1 BIAS 1 SIA BI427 0930 BWN MH671 0930 PEN/KUL 9Q2U 1000 HLP mm iooo kul 9Q103 1000 KUL
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  • Page 5 Advertisements

  • 343 6 OUR WORKERS have come in for some heavy shelling in recent weeks. Their will to work, their loyalty and commitment to both company and colleagues have been questioned by employers, particularly multinational employers. Much has been said about the declining work ethic and the dire consequences
    343 words
  • 253 6 THE OFT-DECLARED and over-advertised booming economy which the ingenious Japanese are reputed to have engineered may be partly a myth after all. The reality of the situation should be examined more closely. No doubt it cannot be denied that the Japanese economy has
    253 words
  • 2031 6  -  IBM has played the multinational game more intelligently than any other. It has everything it needs to become one of the world's great regulatory systems. By JOHN LLOYD FT INDUSTRIAL societies stand upon technologies which produce and transmit energy and information; their development has depended, and depends
    FT  -  2,031 words
  • Page 6 Advertisements
    • 192 6 v-,. ;i. Read Professor Lim Chong Yah's latest book Economic Development in Singapore, now available at all leading bookshops. This book contains some of the writer's views and analyses on the recent economic development in Singapore. CONTENTS: I'Economic Development Of Singapore: An Assessment In 1969 2 Changes In Organization And
      192 words
  • Page 6 Miscellaneous
    • 178 6 to jm Ike Prta tor's Nattoaal Day at t.Hf, Lyaia Carter's ■ii the aewa will pra .SINGAPORE 5" 3.00 PM Opening folowed by Housewives' Matinee (r) 4.30 Man From UNCLE (r) 5.20 In The MM With Harry Butler Savannah 5.45 Persembahan Ku 6.15 News in Brief (English) 6.25 Fittest Of
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  • 1578 7  -  Midland Bank's bid for stake in Crocker By STEWART FLEMING MIDLAND BANK'S plans to spend US$B2O million buying 57 per cent control of the California-based Crocker National Corporation, the 14th largest US bank, has been launched into stormy political seas. The plan has stirred up the mounting controversy
    1,578 words
  • 282 7  -  r 1 Letters to the Editor L J MARGARET HILL, HILL, Investment Manager Singapore Intrrasttsasl Merchnut Bankers limited Dear Bb, As year "Csaceraed BbnMden" (August 1) point eot, the leeai Investment Trusts' siuur prices stead ata discount to their Net Asset Values (NAV). Hswever, fsr
    282 words
  • 188 7  -  CHIA CHI Dear Or, You Join the chorus of fund managers (Lender 1.8.80) in singing for "concessions nnd clenr guidelines". The concessions apparently refer to deductibility of management fees. If managers say they manage capital and hence have only gains on which there is no tax,
    188 words
  • 991 7  -  By MICHAEL THOMPSON-NOEL FT (WE OF THE best pieces of advice I have ever received regarding advertising agencies concerned the seating arrangements for lunch. My instructor was the head of one of the American-owned agency networks, a man whose success as an advertising copywriter has brought him
    FT  -  991 words
  • 901 7  -  FORUM I !AL> with CYANIDE THE FIRST Deputy Prime Minister, Dr Gob Keng Swee, recently in an address to the inaugural meeting of the Tamil Language and Cultural Society, spoke about "anomie", a sociological concept, in relation to Singaporeans. Those of us who remembered
    901 words
  • Page 7 Advertisements
    • 346 7 The life Library Of Photography 4mm hclpsyout Bee great picture possibilities all around you... "t?l T~ The Life Library Of Photography Each volume measures 10 1 x 10 1 inches (26 x 26 cm). Hard cover, silver stamped black cloth binding. 240 pages. Approximately 300 illustrations, many in full colour.
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  • Page 7 Miscellaneous
    • 38 7 BriStdW: Fnaaklhctens »'vc fftieD evefcVtHitO \T'S NO 05e.... CAN'T SLtCP O —U —»r^r=9 KhlOU I'LL PfIEJeND l(V OPENING ft TeLeiSßfVn f^NO Tne Ffvrt. or tmc whole. fißm ftNO TmC LfVeuMOOD of hundreds or DeAelnds oi my iNstrnt 0
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 271 8 AUG 06 Frs CORBE1LLE Air-Liquide 449 5 B S N Gervais Danone 1004 unch C S F (ThomsonCsl) 438 unch Cw Francalse des Peiroles 233 3 t'ompagnie Kinancifre t'ompagnie unch Generate 382 Credit Fonder De France 418 >3 Hachette (Libraine) 247 unch Machines Bull 54.90 -01 Mlchelln (B) 810
        271 words
      • 92 8 AUG 06 Frs forward market Acre ArDrd Asiur Braacan Bru-Umb Canpac Cock Dc Berts Ft* J Electfobcl r Gb-Inno-Bm Oev Hobo* Petro Ryl Dutch Sldro Soc On Bcl( Soflna Solvay A Tanks U Mm V Mont 319 ISK 400 W2 1422 1006 218 291 I960 8120 2375 1250 2880
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      • 197 8 Aeg-Tf If lunlten 81-30 2130 -0-3 Alls Leb*n *****0 10 A 111 Verm BASF Bay H T Wbank Bay Vbank Bayrr BBC 435 00 ***** 283 SO ***** ***** ***** -2 -04 •1 BMW Caawlia ***** 330 00 256 OOB unch -1 Commerzbank ConU Oumml Daimler-Be n» Dt|wia 172.00
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      • 189 8 AUG 06 Kls ABN 31X50 I Ahold 73-00 0.1 Afczo 23.50 unch amfv 86 20 -02 ***** -2.6 Amrobnk 87 00 -01 37 00 -1 pyfk f 90 50 Bols 50.50 -0.5 Borsutnij ***** -13 Burhmann 68.00 unch Byenlcorf 50.40 -0.1 Caland 24.00 -0.2 Calve Delft 163.00 -12 Deli
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      • 180 8 AUG M Francs Action* 293 -1 Alusutsse Br 1206 -20 Alusulsse 448 unch Brown Bowl Br mo 10 Clba GeltJ Br 1115 -S Clba OelC* P C 875 -S Clba Otfy Ret Credit Suisse Br 008 2286 •1 -20 Credit Suiu* 388 -1 -10 Efektrowati Br. 2400 846 Georfe
        180 words
      • 103 8 AUG 06 Lire Ante 6 90 uncti Assoc Gen ***** -200 Baslogi too Central* ***** 145 rial 1000 48 nnudn *2 27b Gen Immob ia»» so 14 5 IH Prt 2831 SI I laic? m?nti ***** -430 llAlf&S MS •IS lUlsider ***** 1 25 Mafneu M Pf 421 -2
        103 words
    • 718 8 NEW YORK A LATE rally helped the New York stock market on Wednesday ftm«h higher after four days of consolidation in a narrow range. "Apparently the market now corrects sideways and with that movement over, we have begun a new leg upward," one analyst said. "There
      718 words
    • 184 8 Hud Bay IIin unctt AUG» a 2555*" «1. unci. Abiubi loco anc Alcan 37 1 Int Pro» Pipe J». Aigoma 30 2'i Iol Ott h Bank Mont InU Nickel ""«J Bank Nova Scotta 32 unch Kerr Add Bell Tel 1«LoWa« B Beth Corp Massey Fer* 8 uncn BP Can
      184 words
  • Page 8 Advertisements
    • 659 8 See Page 4 for Asian stocks and Page 9 for Jo'burg prices Where to wine, dine and entertain Get away to Sentosa QEf gi Costs only HALF AS MUCH If you're residing in Singapore It's easy. Just book our chalet units, and enjoy a 50* discount. Offer applies MONDAY-THURSDAY (except
      659 words
    • 100 8 The Cantonese Chain. Great food. In great style. Our Oriental Restaurant chain offers you traditional tim-sum sweet and savoury tit-bits... and really fresh sea-food. For a scrumptious meal with impeccable service and friendly atmosphere bring your family and friends to an Oriental Restaurant. Four convenient locations. OMENTAL RESIMJRANT Ang Mo
      100 words

  • BANKING AND FINANCE
    • 333 9 AN AMERICAN international banker has predicted in Tokyo that the international retail hanking market might well be as integrated by the end of this decade as wholesale banking is today. Speaking before Japan's Institute for Financial Affairs, Mr Leland Prussia, vice-chairman of Rank of America
      333 words
    • 38 9 Reuter THE Federal Reserve Rank of New York approved the previously announced application of Manufacturers Hanover Trust Co to acquire certain assets and assume certain liabilities of eight branches of Bankers Trust Co, the banks said. Reu-
      Reuter  -  38 words
    • 225 9 FORMER Japanese International Monetary Fund director Hideo Suzuki said the yen outlook for coming months depends largely on whether Arab oil-producing countries take a long-range view of the currency's strength. Mr Suzuki, now senior adviser to Nomura Securities Co Ltd, said Japanese economic fundamentals
      225 words
    • 431 9 Reuter THE BRITISH government intends to have money supply growth within the official 7 to 11 per cent target range by the end of the financial year of mid-April 1981. Financial Secretary to the Treasury Nigel Lawson also said the government's monetary policy, its
      Reuter  -  431 words
    • MONEY AND EXCHANGE$
      • 464 9 THE US dollar strengthened against major currencies on the foreign exchange market yesterday. Dealers attributed the dollar strength to the firming of the US interest rates by Vfe per cent yesterday. Against the yen, it opened at 225.00 and remained within the range of 225.20 and 225.30 for
        464 words
      • 123 9 THE US dollar yesterday rose slightly against most major currencies in moderately active late trading. Dealers observed that commercial buying from Europe boosted the dollar although operators remained uncertain about the trend in US interest rates. The US unit strengthened to a late 1.7757/62 marks from an opening 1.7705/15
        123 words
      • 296 9 AUG 06 R and INDUSTRIALS A Alpha e 450 15 Abercom 305 ♦5 AE And CI 910 15 AMIC 2550 25 Barlows 1080 -10 Cf Sugar 1500 50 CNA 540 unch turn* Kloanrr 230 5 Dr Berr* Jnd 3I00B Edcon 870B Edgars T 7I00B unch Evertxdy K«1 Volk
        296 words
      • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their beat customers is 11.1 per cent.
        22 words
      • 174 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Aug 7: 7 days 1 month 2 months 3 months 8 months 9 months 12 months SSJ^2T •v« 8V4 »13/18 8/11/16 19/16 913/16 If 9/16 103/16 liS/16 107/16 10* 10H 1013/18 1011/16 SwJn. Das. (MlMb Pries*) 5H 8V« 99/16
        174 words
      • 47 9 RANGE o( prices offered by diecount houeee on Aug 7: Overnight: to C 15/16% Call deposits: 6V.% to «15/16% Cleeteg Beyie* Selliac 3-month Treasury bills 6% 6V« 3-month Bank bills 99/16 97/16 3 months CD 9H 9 6 months CO 815/16 613/16 Source: National Discount Co.
        47 words
      • 1 9
        1 words
      • 295 9 SINGAPORE gold futures yesterday closed quietly firmer compared with overnight levels, with its initial rise reflecting the metal's strength in New York on Wednesday, dealers said. Total sales for the day was recorded at 101 lots of 100 ounces with interest centred on October and December contracts, they said.
        295 words
      • 1 9
        1 words
      • 235 9 THE DOLLAR yesterday firmed at the opening in Cet, thin trading, Joining Far East in reversing a lower trend in New York on Wednesday, dealers said. It was boosted by Eurodollar rates, which firmed by up to 1/8 of a point. Dealers said the New York market overreacted to
        235 words
      • 137 9 THE US dollar for overnight delivery yesterday closed at 225.15 yen, up from a 225.00 opening but down from 225.65 yen at Wednesday's close, dealers said. Trading was light with volume US$673 million. The dollar fell briefly to 224.95 yen on selling by some foreign banks to buy yen
        137 words
    • 153 9 THE JAPANESE Ftoaaee b raMdnrtag alterlag a>»aeae basks' ucmtiag metkada to eaakto It to reptrt kuklag Mm lactate separately fraa earftlee traasartiMM. Baaka at praaM kaae toHwjae Mere tax aad IM WMeS2?Lt a &lwSi (lidmmMi Ike trae MSix elty kaaka, wktok epM far tke
      153 words
    • 398 9  -  By ALVIN TAY THE Post Office Savings Bank (POSB) chalked up net increase in deposits in June this year after suffering two consecutive deficits in April anrf May. The total amount outstanding of the POSB at the end of June tht* year
      398 words
    • 487 9 THE ASIAN Development Bank (ADB) approved four loans totalling US$l73 million during the second quarter of this year to help finance development projects in Burma, Indonesia, Korea and the Philippines. The largest loan approved, $60.7 million from ordinary capital resources for the second Java
      487 words
    • 314 9 Reuter THE Federal Reserve Board will give institutions Just coming under Federal Reserve rules six months before they have to meet the minimum reserve requirements set for them. Responding to a staff proposal, the Fed said it will adopt a plan whereby some U,400 institutions
      Reuter  -  314 words
    • 94 9 Reuter SYNDICATION for the US$lOO million eight year Eurocredit (or the central hank of the Philippines is now virtually complete. A spokesman for one of the lead managers, Chemical Asia Ltd, said the credit which carries a spread of V« per cent over six month London Interbank Offered
      Reuter  -  94 words
    • 85 9 Reuter THE LIKELIHOOD af farther all price lacreaaea aad the caatlaaed high iaflatiea rates la maay lad «atrial reentries saggeet gaM will remala aa a ristag price tread. Degaaaa said la Ita meathly preclaaa metals report, that the earreat weakaeas af all pricea Is prahahty aaly
      Reuter  -  85 words
  • Page 9 Advertisements
    • 232 9 NOTICE INVESTMENT SALES REPRESENTATIVES Bentleys Diamond Trust seeks qualified, independent sales agents for Asia Pacific area. Successful applicants must demonstrate established clientele, stability, investment sales experience. Trust units are redeemable for cash and/or diamonds, priced monthly, with 100% appreciation over past three years. Send resume and references to Bentleys Diamond
      232 words

  • 1624 10 BUSINESS DONE ON THE SES THE KLSE BID and offer prices officially tilted and business in and reported to the Stock Exchange «I Singapore yesterday with the number of shares traded shown in brackets in lots at 1,000 units, unless otherwise specified. SECTION ONI INDUSTRIAL COMMERCIAL Amu (3JOB 13») (1)
    1,624 words
  • 120 10 The Commerce" 1.88 LM The Savings Fund 1JB LB S'pore Prof tad 1.36 LA S pore Sec. Flmd L08 Iliad S'pore bvMt Fund LIS 1.87 S'pore Equity Fund LSI LIT tfUDMRRDR Mai Prof Fund 1.77 LM Mai Security Fund 1J7 LK Mai BerJajra Fund 1.58 L8B ■A L
    120 words
  • 2771 10 lfl High ISO Lew Cmiut 11 +orGr*s DW Dhr CVT Gr's YTd Net P/E Vol (•000) Day High Low 8ECTION ONE INDUSTRIAL COMMERCIAL no m m 110 MO n 462 312 414 M6 2M 116 140 no M 275 246* in 2M Acma /Ucom Allied Choc BAT
    2,771 words
  • 1701 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of MOO units, unless other- I i, |f| j wise spec tiled. DOORUU (MOB) (1) 139 AIM (5)
    1,701 words
  • 34 10 MALAYAWATA 8M has announced the resignation of two of its directors, Mr Shukor b. Hj. Hassan and Mr Aid to Odake. A new director, Mr Hiroshi Hiyama was appointed to the board.
    34 words
  • 474 10 THE Htogioin HMk MT tort^hendwny eStyK •SbwT e,fc Oeatoo Mgtt iftoon won ■Mi MM IOMi IB B mMb mJmMbb of better po^e jjjj jju IMb «llee ookiSJlpotatoto'iKLtt7 It was tke firet ttee tke Mm M paaotoaßod the tS'SfIBM? M SBI£ Im that the beat M yet
    474 words
  • 599 10 ohakl prices continued their recovery at the Kuala Lumpur stock market yesterday but trading was slightly cautious and selective after the recent threeday correction. light buying support was found in moat of the blue chips as weD as the previously quiet counters. Gains were mostly
    599 words

  • COMPANY NEWS
    • 752 11  -  TO ENSURE FINANCIAL VIABILITY By BIBIANA CHOO SINGAPORE Paper Prod.»nets has teamed up with the .US-based Scott Paper Inter- national to ensure the financial viability of its sanitary jpaper products business. One of the Immediate benefits of the Joint-venture 4s the reduction of SPP's "continued dependence
      752 words
    • 461 11 THE immediate outlook for Sungei Besi Mines Malaysia looks gloomy with total 'production and mining ptoflt (or the current year to Mar 31,1980, expected to be ,)qwer than the previous year. :»Sungei Besi chairman Raja Badrol Ahmad indicates in his latest review lsat this is
      461 words
    • 160 11 GROWTH Industrial Holdings expects a significant improvement in pre-tax profits for the current year ending Dec 31, 1980, in view of "the current trading conditions". This was stated by the company in reply to a query from the Stock Exchange of Singapore on its proposed one-for-two rights issue
      160 words
    • 149 11 MALAYAN United Industries has obtained the approval of the Foreign Investment Committee and the Capital Issues Committee for its acquisition of an additional stake in Central Sugars and a 2L5 per cent stake in Southern Banking. MUI is acquiring Ave million shares in Central Sugars from Multi-Purpose Holdings
      149 words
    • 1029 11  -  By CATHERINE ONG TWO of the "Big Four" local banks are among the top 500 largest commercial «jMnks in the world in terms "of total assets less contra .accounts. The two banking groups, the United Overseas Bank TtJOB) and the Oversea-Chi-nese Banking Corporation ''(OCBC) were
      1,029 words
    • 570 11 IN A further thrust Into property-related activities, Perak Carbide Corporation has proposed acquiring two companies which will enlarge its land bank. Perak Carbide has agreed in principle to acquire the two companies Syarikat Pembangunan Jayabaru Sdn Bhd and Gilden Development Sdn Bhd through an
      570 words
    • 661 11 ssjqscl». by HOCK LOCK SIEW OVERSEAS Union Trust (OUT)'i first half performance looks distinctly Hmp when viewed against the exhilarating runup of its share price during the past few weeks. At the interim stage, its pre-tax profits of $L 77 million were only a wee bit better than
      by HOCK LOCK SIEW  -  661 words
  • Page 11 Advertisements
    • 137 11 A Convenient and Effective Way for you to learn Mandarin. The "Mandarin By Radio'' Series currently broadcast over SBC and published in the Straits Times Bilingual Page, is now available on cassette with a comprehensive book to guide you. 4.5° 12 •A V, I, SBC f' M SBC r i
      137 words

  • 432 12 IT might be a good idea for enlightened and forward-looking employers, trade union leaders and manpower planners to sit on the boards of governors and advisory committees of schools. Mr Devan Nair, in an address made at Victoria School's 90th anniversary and annual speech day yesterday,
    432 words
  • 196 12 UPI TWO senior ship officers in Rotterdam i were yesterday sentenced to four months in prison for negligence in the breaking up of a tanker on July 22. The trial involved the breaking open of the Liberian-registered oil tanker energy concentration while it was being unloaded
    UPI  -  196 words
  • 196 12 THE MALAYSIAN Book Publishers' Association has warned that a large number of printers may close shop if book publishers in Malaysia continue to send materials abroad for printing. The association's president, Mr Abdul Aziz Ahmad, yesterday called on the Malaysian government to discourage the
    196 words
  • 103 12 PORT workers may be required to work without breaks for rest or meals under a 24-hour non-stop shift system which the Port Hang Authority has been told to implement to solve die container jam at Port Klang in Malaysia. As an incentive, a bonus scheme based
    103 words
  • 274 12 AP AMERICAN and Japanese trade negotiators said yesterday they made no major breakthrough, during four days of talks in Tokyo, to resolve a long-standing trade dispute on the opening of government contracts in each country to private companies in the other. The US delegation
    AP  -  274 words
  • 854 12 LONDON, Thurs. Equities and government bonds both regained some of yesterday's losses in quiet trading, dealers said. At 3pm, the FT index was up 4.9 points at 478.0. Leading equities were generally between 2p and 6p higher, with GEC and Plesaey each gaining lOp at 474p and 218p
    854 words
  • 130 12 ADVANCED technology provided to China by the US and other countries will have no effect on the Chinese military for about 10 years. The US Central Intelligence Agency's most recent report said, "Time is needed to assimilate new technology into the existing production processes, to develop
    130 words
  • 154 12 THE recession must be biting because the British have slowed their drinking this is the interpretation being put on a set of consumer figures published in London. Normally when times get tough, Britons cutback on purchases of consumer durables such as cars and electrical goods,
    154 words
  • 354 12 UPI, AP IRANIAN demonstrators held in jail in London since a protest outside the American Embassy have stepped up their hunger strike by refusing liquids as well as food, a British Prison Service spokesman said yesterday. The 68 Iranians were ordered held in jail pending a
    UPI,; AP; AP photo  -  354 words
  • 113 12 Reuter THAILAND yesterday renewed its request to the United Nations High Commissioner for Refugees (UNHCR) to help arrange the repatriation of some 120,000 Laotian refugees in Thailand or speed up their resettlement in third countries. The state-owned Radio Thailand said Deputy Interior Minister Banyat Bantathan made
    Reuter  -  113 words
  • 342 12 Reuter THE DEBT service payments of all the less developed countries will rise to an estimated US$B7.9 billion this year from the provisional $72 billion last year, the Organisation for Economic Cooperation and Development (OECD) said. In a report on the external
    Reuter  -  342 words
  • 173 12 UPI THE Soviet Union has crushed a troublesome Afghan government faction by spiriting away its leaders to Moscow. The respected Pakistani English-languagen'e w spaper, The Muslim, quoted Radio Kabul and the official official government newspaper New limes as saying senior ministers and generals of the Khalq (masses)
    UPI  -  173 words
  • Page 12 Advertisements
    • 167 12 @";}-%|"=!/()!_\^^[/&_;^|(>;:[? The Year-End Gift Giving Season Is Approaching Fast Saying "Thank You" is good for your business. Have you decided yet how to show your customers and employees how much you appreciate them? Brown and Bigelow has gift ideas from the U.S.A. to fit any budget For individual requirements, a
      167 words
    • 199 12 a 'J TO «ks«& Why idle away your life and languish in poorly paid jobs with no future when you can move ahead with the RIGHT QUALIFICATION? Enrol now with FEDERAL PUBLICATIONS HOME STUDIES DIVISION for any of the following courses end get just THAT QUALIFICATION! institute of Administrative London
      199 words
  • Page 12 Miscellaneous
    • 65 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Cloudy with occasional light rain in the early morning. Benrt for 24 bears prtor to 7JI pan. m Aigan 7 the airport. Maximum temperature 28.0 Associated humidity 70 Minimum temperature 22.3 Associated humidity 96 Hours of sunshine Nil Rainfall in
      65 words

  • SHIPPING TIMES
    • PORTSIDES
      • 82 13 AFP THE Indonesian state-owned shipping company Pelni is facing a vexing problem over what the company calls the unclear customs status of Tanjung Pinang port on Bintan Island, south of Singapore. As an interim measure, before the customs status of Tanjung Pinang is firmly settled, Pelni has
        AFP  -  82 words
      • 115 13 AFP TWO associations of shipping lines operating eastward across the Pacific are expected to cut prices tomorrow, including, for the first time, rates for traditionally high volume trade. Referring to a developing maritime price war, Lloyd's List said the two freight conferences are following price cutting by some
        AFP  -  115 words
      • 71 13 Reuter THE Pacific Forum Line announced a general increase in basic freight rates on their New Zealand-Pacific Islands and Papua New Guinea services, effective Oct 1. The increases for full container loads are between 12 and 15 per cent, with higher corrective adjustments to most less
        Reuter  -  71 words
    • 548 13  -  By LINDA CHEE SOUTH Korean Halla Maritime Corporation will include Singapore as a loading port both ways in its liner service between South Korea and the Middle East from next week. By taking advantage of the increasing cargo volumes from this region to
      548 words
    • 646 13 SUpftaf Um Page Cai uw Pw Cat Adriatic IV 5 Fortune VI Afea VI 3 Franco-Belg m 4/5 Afro-Eurasia vn 1 Frata NVOC VI 2 Alfred C vm 1 Freight vm 1 All trans VI 5 Frota Line V 4 Alpac VI 5 Fujiwara VI 3 Angkutan
      646 words
    • 327 14 THE FIRST OFFICER of the Liberian-registered tanker Energy Concentration, which broke its back and sank in Rotterdam harbour 10 days ago had been on duty continuously for 41 hours at the time of the accident. Mr Willem Valkenier, the Rotterdam agent for the
      327 words
    • 952 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) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      952 words
    • 1406 14 CHARTERING on Wednesday was on a fairly small scale but rates mostly held fully steady. Grain business from the US Gulf to Holland received the slightly higher level of $15.25 fio for Aug/Sep, while the rate of $26.75 fio paid for a vessel from the US Gulf to
      1,406 words
    • 512 15  -  By GOH ENG KEE NEDLLOYD Lines will convert the engines of two container ships used in its Far East-Europe service at the Japanese shipyards of Mitsubishi Heavy Industries and IshikawajimaHarima Heavy Industries next year. The Dutch shipping group said contracts for the
      512 words
    • 263 15 AFP TANKER accidents could reach even more serious proportions than in the past two years as cost-conscious shipowners cut spending on vital repairs and maintenance. A leading London shipping consultant firm, HP Drewry, said in a new study that cost pressures will result
      AFP  -  263 words
    • 325 15 DIVERS have found nearly a half-million dollars worth of gold and silver ingots in the wreckage of an 18thcentury sailing ship buried in mud off the coast of Cameron Parish, and archaeologists say the historical value of the find could be worth even more.
      325 words
    • Article, Illustration
      460 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Berdikari (1500) 19 Builder (after Equator) 22 Bunga Bindang (1500 after Guang Ping) 18 Eaquilino (1200 after Pestovo) 44 Nedlloyd Schelde (after President Cleveland) 6/7 Nedlloyd Fremantle (after Nedlloyd Waalekerk) 3/4 Success (2300 after Bunga Setawar) 40/41 Toyofuji Maru (ro/ro) (1200 after
      460 words
    • 1778 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 of
      1,778 words
    • 860 20 ORIENT EXCHANGE Above report by courtesy of the Orient Exchange, telephone number *****11 or telex RS***** Singapore. THE coastal tirade is steady. Charter rates for barges is a little softer this week as more new barges are being launched. However, there is still a shortage for both
      Above report by courtesy of the Orient Exchange, telephone number 2220811 or telex RS22446 Singapore.  -  860 words
    • 406 20 AN American search team is "optimistic" of success though it has yet to pinpoint the location of the sunken ocean liner Titanic off the Canadian coast. "It's going well and we're optimistic," Mike Harris, the expedition leader told the Associated Press by ship-to-shore telephone, from the
      406 words
    • 66 20 PILING and concreting works for the extension of the Pasir Panjang Wharves are being carried out at its western extremity and will take about 12 months. Piling driving will be done by three barges and one tug boat for the initial four months and mariners
      66 words
    • 1595 20 The leading shipping lines operating from local Crts and the agents who handle cargo bookings r them. A B Achlpelega R T Transportation (S). Adriatic Caatalaer Continental Feeders (S)/Cargo Freight (PK). APEA Singapore Shipping Agencies (S) Euro-Asia Line (PK/PN). Afra-Earaala Uie Transgroup Pte Ltd (S). Alfred
      1,595 words
  • Page 13 Advertisements
    • 367 13 Europe Our Next Loader Port Kelang: 26/8 Singapore: For further details, see page V 4f> I RDIM I \ll Orient Overseas CotdcjMesi Line FULLY CONTMOBEO SERVICE TO EUROPE (MA SUEZ) •WTWt 6MKT IK UMnn r*M 10/8 28/8 29/8 16/8 3/$ 4/9 20/8 7/9 8/9 OOMJOMZE 21* 29/8 30/8 17/9 18/9
      367 words
    • 270 13 OSEALORDO m UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES Vessel S'pore BN DURAD V.29 25/8 CONTAINERISED SERVICE Loading for 27/8 Dubai (6/9) Dammam (8/9) Kuwait (10/9) Abu Dhabi (12/9) Bahrain (14/9) Mina Qaboos (16/9) Doha (18/9) SEJU.ORD SMPPM AGENCIES (Ref. No. *****5/OOC) 3RD FLOOR. MARtNA HOUSE. SINGAPORE 0207
      270 words
    • 13 13 CONTAINER Schedules LONDON Freights SHIPS In Port SHIPPING List REGIONAL Weather ORIENT Exchange
      13 words
    • 94 13 a* oH< Australia Our Next Loader Port Kelang: Singapore: 22/8 For further details, see page V n* MAERSK LINE EXPORT TO US. PACIFIC, OULF, ATLANTIC, EAST CANADA AND ASIAN PORTS i> i Mi ni n> tiTrT TO ARABIAN/PERSIAN GULF-FULLY CONTAINERIZED SERVICE I n-n/% n-a/t TO JAPAN-IiONTHLY CONVENTIONAL SERVICE IMPORT FROM:
      94 words

  • Page 14 Advertisements
    • 677 14 LEO SHIPPING PTE LTD. SINGAPORE PERNAS-MISC SHIPPING AGENCIES SDN BHD PORT KELANG PENANG 1 MALAYSIANHTBtNATIONAL SHPWNG COftPORATION BERHAD To EIWPt S'poie t) M*i#es 2) Mam 3) H'burg 4) Gburg I) Barcelona. Genoa. 2) Amsterdam. Antwerp. IHawe. Bilbao. Basle. UK. 3) Bremen. Bremenfmen Aarhus. Copenhagen. Helsinki 4) Mahno. Stockholm. Oslo. •Accettfii*
      677 words
    • 272 14 815 SUPERCARRIER SERVICE I WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA ft Ma tm* CM M M CMi tan R tat Ma St MM ILM. mmm *io/« 11 wt un 22/9 24/9 a/» vn 3/io MMB fBBBB *25/1 2-3/» 2/10 7/10 0/10 10/10 12/10 17/10 MMBTOMBK *10/9
      272 words

  • Page 15 Advertisements
    • 703 15 Overseas 1 11 m Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CmbimNp Sorvfcos To/Fran Banckok 31M tie nn sse tie tie tie 7S* tie US# IS* as# us* MS# as# 27S* 2IS* (2 Oct) I Oct SOd 1 Oct U Oct
      703 words
    • 416 15 rje Franco 80/yuin Services r Ift* lift* 77 M I aft* ISftl Mil SM lift* a** 7M im aft* MM| 17I* '111*1 ll* IM 71* IS* US* iM is* us* us* us* us* us* as* as* as* MM HWj Hill A'wy UHmt* PA** tmn BIOS 17ft* IS Mr 1( Mr
      416 words

  • Page 16 Advertisements
    • 704 16 12 TO NORTH EUROPE Hifliim Eiprtu Tekyeßay Lnrarpool Ban Hahi| Eiprtu City el EMvf TO MEDITPMmt* [net* Laro MeaHlanc Hani Hapag-Ltoyd S pore PK Pen Bilbao Genoa Hburg B haven Rdam Antwerp kM 21/9 19/19 J/J 17/1 20/1 IJ/J 23/J 17/J 15/J 24/1 28/8 25/J IJ/J 3/10 1/10 30/J 21/J
      704 words
    • 579 16 KOREA LINE SHIPPING CORPN P. Ketone PENMG VEGAISIW 18-22 Au{ 23 25 Au( 26-29 Au FROM BUSAN BANGKOK VEGA 152E 18/22 Aug 23-25 Aug 26-29 Au| TO BUSAN ALTAR 155N 1215 Sept 16-18 Sept 20-23 Sept FROM BUSAN BANGKOK ALTAIR 156E 12-15 Sept 16-18 Sept 20-23 Sept TO BUSAN KSC
      579 words
    • 510 16 EVERGREEN LINE I FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTWG CARGO FOR HAMBURG FELIXSTOWE. ROTTERDAM ANTWERP. IE HAVRE ALSO ACCEPTMG CARGO FOR UNITED KINGDOM SOUTHAMPTON. London. Manchester. Birmingham BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BRFHOSavfIT HOLLAND AMSTERDAM i-fm HM*n i, Haw. Ewrlactr HA* 13 h* IS S#» 7U# Mkpl 21
      510 words
    • 922 16 0 ymk urm> R 6 wmk. "BURMESE NATIONAL LINE" g fi LOAMNG FOR RANGOON n s >" ta« K HTOCYM 13/1S Urn *A rMM 27/21 M JF LOADK FOR T«OH»Ml/MCOY*/OSAM ROK r **sn iw»t 11/usapt a/9 s^t V BF S S.C AjvmM in Motoyva BOUSTEAO SHPHNG 15 H TEL NOS
      922 words
    • 554 16 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE AUSTRALIA SERVICE S*V«rt P. Katanc Lei MAYPMNCE.. may ski ■nm P. Mmi LoaMnt for: 10/U N 12/14 SYD, MEL 15/ltSap< 17/11 Sapt SYD. MEL. ADEL BANGLADESH SERVICE r 20/20 Ami cwttamng. JAPAN/STRAITS SERVICE I 10-17/1 22#1144 7 1 2M1370 i. Un ia
      554 words

  • Page 17 Advertisements
    • 709 17 L. PIL GROUP EAST AFRICA/REDSEA SERVICE A COLOMBO/KARACHI/P. GULF SERVICE KOTA AGUNG ta Pt/8 Aug Dubai Kuwait Karadi KOTA BE*AM 30/3 Sept Karadi Dubai. Kuwait KOTA SEJARAH lt/20 Aug Karadi KOTA SABAS 20/26 Aug KOTA MTU In Port/16 Au| Dubai. Kuwait. Karachi Colombo. Karachi. Muscat SINGAPORE/CHITTAGONG/RANGOON/SERVICES KOTA fttJKUN. Singapore 10/12
      709 words
    • 722 17 n to turn Takft la? Uoapoata* Na*ntapraaa WEM CRydM*** ian% Cjri||ai Bay ■ran bpna CHpiM SM UN laplo» faM hU 1/1 11/t ■NMubpran IVI n/| U/t a/i n/t v a KHI um upnM in in BEN LINE CONTAINERS EXPRESS CONTAIO SERVICE TO/FROM EUROPE trauK bmakn roam mm sotom S'por* P.
      722 words
    • 768 17 V',7 f, i i\ I V if Scan Dutch V WEEKLY EXPREBB CONTAINER BERVICE NMaiPaaa* IMM MM fmtm MM I tmm I 3)lTta|4)rta| I OMIM 1/1 M I OMUt IS/I Mi I DMA* 15/1 Mm IDNU a/1 ft HUM a/I I OMAN 12a vn 1/1 2a W T "*2* 'J(*
      768 words
    • 491 17 BOUSTEAD SHIPPING AGENCIES BANK UNE FOR REUMOM I SOUTH AFRICA BEAVERBANK KUANTAN 20-22/8 SINGAPORE 23-27/8 •to Reunion 5/9 Durban 11/9 Capetown 18/9 Pt Eliz 16/9 (also accepting East London and Maputo cargo) Capetown PtElix Lykes/<> Lines U.S. NEST COAST SERVICE tot OHettn* SFO Lbck STORE S'Be Tac VBC ASHLEY LYKES*
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  • Page 18 Advertisements
    • 600 18 K LINE KAWASAKI KISEN KAISHA. LTD EXPtESS CONTAINER SERVICES TO NORTH AMERICA rraojrair n 9 motmb rasas t? us m USbaBM SjM 9/1 t*»Ac* 21/1 2/9 rln 22N 17/1 19/4 Mi Mm 1 Ace 2* M/« 21/1 21/1 1/9 27/1 14/9 4/9 14/* I/» 11/) 1/1 25/1 4/9 14/9 4/9
      600 words
    • 407 18 (32 w, CALFORMA/PACFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Lm*| tar LOS MKLES, UN FRANCISCO, JUTTU, TACOMA. VANCOUVER BC Ampto| Fa/fa CMMpm AUSTRALIA EXPRESS CONTAMER SERVICE kaHN FO/ra tatatan Ptatanf Sport Its $V< IMb AM Frvn r 13 taf 14 fat H tat 2 Sox 7 Swt 11 Sapt r
      407 words
    • 596 18 iV(iroiin SINGAPORE SHIPPING AGENCIES PTE LTD ?OTH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 3 LINESI GENERAL *****1 (14 LINESI TERMINAL OFFICE *****83 TELEX RS 24b96 RS 2b668 A BCARSHIP CABLE CARGOSHIP IS l'e<|ioiial Contiiiiicr Lines WEEKLY CONTAINER SERVICE to/from BANGKOK JAOE BOUNTY MK BOUNTY MK BOUNTY JADE BOUNTY MOC
      596 words
    • 482 18 Bqramard line INDEPENDENT A TTRACTIVE RA TES MEDITERRANEAN SEA SERVICE also Acccrnsc co\tai\ek CAMGO FCL OSLY FOR; PORT SAID, ALEXANDRIA, BEIRUT. LATTAKIA. LIMASSOL. ISTANBUL A PIRAEUS Specially engaged agents stevedores providing immediate discharge MM SMC V.4OW CaM* Part Said. BaW I Lattakii «rty STRAITS/EAST ASM SERVICE Stare MV. MM SMG
      482 words
    • 477 18 INTRaSfcA (PTE) LTD. House 2 34E Ocha'c Roac 3 Telephone 1 *****57 r t REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S>m P. Krini PanMf Lntetar HOSPEMTT NB ii tai 22 AMI IK (imm/wmam/ caeh KTU» (PTE) LTD 2352(11 BOOONC 23M157 VEO JMI Bht TRMM6 *****4. *****2. *****S ALP AC
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  • Page 19 Advertisements
    • 627 19 NOL NEPTUNE ORIENT UNES LTD TO EUROPE/UK (VIA SUEZ): H. 6ARNET+ C. PAUL TWBMDGE K. iACEWON. MERCATOR... AJso accepting cargo to/from Scandinavia -l-N. GARNET S'pore Closing Times: FCI Cargo 1100 8/8 LCL Cargo 2300 7/8 FROM EUROPE (VIA SUEZ): C. RQZE K. JACEWON HK COffTAVER. 0. CHEF SS BUDGE. H
      627 words
    • 290 19 MALDIVE LINES Jeddah Loading for Dubai/ Dammam/Kuwait eta-voi nar bums 15/8 20/8 Loading at P Gudang) 18/8 23 8 I 1 18/8 fading at Kuan tan) 18/8 22/8 25/8 (Also Loading at P Gudang) FOR BOOKINGS A ENQUIRIES PLEASE CONTACT: WE POBTULANG PANOCEAN ORIENTAL SHIPPING NAVIGATION k CORPORATION TRADING CO
      290 words
    • 224 19 PEARL LINE EXPRESS SERVICE TO CHUTMOM Sport PEARL DELTA H/8 Agents ThundcvMrd Pte. Ltd., Tel: *****48/*****58 Telex: R*****7 and R*****3 DUCKY X V PERKAPALAN LAUTAN biru v lir ular Service to East Malaysia Scalier '.h,pp,r. E M Port V -h SfIAMA -.mNT'V j3y3 Sh'P >• ?9??i k NAJO MARITIME TRANSPORT
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  • Page 20 Advertisements
    • 997 20 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT SAD ALEXANDRIA NLE U Ami 9/Safc 11 Aug 25 Aug 28 Cargo Bookings Ptaw Phone *****43 MARTRANS CARGO PLEASE CONTACT SCHENKER SINGAPORE TEL *****11 FROM EGYPT NLE U ALEXANDRIA SINGAPORE Sept 20 Oct 10
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  • Page 20 Miscellaneous
    • 168 20 iQOfi Regional Weather 3 X M ES u a a X >- V v.) > K u "■v.B «2 «v»y 1 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORMNO. "C A. .CT* °p w u;... Wind direction with speed in knots R Thunderstorm Temperature °C Shower Weather />/
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  • THE HUMAN FACTOR
    • 1283 21 THE PEOPLE'S NEED SINGAPORE enters the Eighties with two great themes very much in mind. One is economic restructuring and the other, the grooming of a successor leadership. Both rely for success on one major factor, the people, and their active cooperation. To galvanise them,
      1,283 words
    • 1718 22 Singapore's manpower supply is limited. What is available has to be stretched and shaped to meet development priorities and this is not an easy matter. Seeking a clearer view of some of the problems involved in Singapore's manpower planning, Business Times put a number of questions to
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    • 1217 22  -  By FOO CHOY PENG THE EIGHTIES will be the decade of the computer for Singapore. Computers are at the centre of the programme launched a year ago to shift the economy away from a labour-In tensive base towards a capitalintensive, high-technology base. In the last twelve
      1,217 words
    • 1104 22  -  By LINDA CHEE A MALADY afflicts the japping industry. Lured by -the attractions of better pay and wo* conditions in the noHMpping sectors, a stream of valuable shipping manpower flows out of the industry each year faster than harassed employers can find replacements. Undoubtedly, thooe
      1,104 words
    • 945 22  -  By FONG MEW LENG PERSONNEL administrators in large companies in Singapore are never quite prepared to say with certainty if they are facing a shortage of engineers. Any comment about a possible shortage *is usually heavily qualified the need for such skilled manpower cannot be adequately quantified
      945 words
    • 3162 23 I HAVE been extremely unhappy about the use of the term "high wage policy" to describe the higher rates of wage increase guidelines recommended by the National Wages Council for the years 1979 and 1900. For one thing, some much-welcomed potential investors may be frightened
      3,162 words
    • 2254 24  -  In the old days, the negotiating table was a battleground. Unions and managements viewed each other as the enemy, and industrial relations was little more than a war. Today, with tripartism well developed in bodies like the National Wages Council, the table-thumping days appear
      2,254 words
    • 805 24  -  What are the vistas of the future for the trade union movement? V JAYAKODY, executive secretary of the Singapore Portworkers' Union and assistant director, National Trades Union Congress, says the trade union movement's expanding role will take it further into all aspects of Singepore life.
      805 words
    • 1438 25  -  Skills dtvilopmMl is i password to Singapore'» economic future. And property structured training programmes ara a passport to a Skills Development Fund grant. But In the rush to develop skills end institute training programmes, we should bear one thing in mind. This
      1,438 words
    • 4148 26 Singapore's human potential lies rich and promising in the schools and other institutions of learning. It is on the young shoulders of our students that the future of the Republic will one day rest. And it is on the shoulders of Education Minister Dr Tony Tan that
      4,148 words
    • 795 27  -  t AGNES WEE THE TERM "continuing education" will conjure different images to different people. To many Singaporeans it will bring to mind memories of the dark and dingy classrooms in a corner at some school where night classes of the old Adult Education Board used
      795 words
    • 3077 28  -  OUR EDUCATION SYSTEM UNDER CRITICAL EXAMINATION By ROGER BELL The writer has been on secondment from the University of Lancaster, England, for the last two years as a Commonwealth expert heading the Language Section of the Civil Service Institute. He returned to Lancaster, where
      3,077 words
    • 1965 29  -  By SALMA KHALIK EVEN in the heyday of nationalistic fervour back in the 50s and early 60s, Singaporeans were much too aware -of their dependence on the rest of the world to indulge in an overdose of jingoism. The foreign investor, professional or worker and his family have
      1,965 words
    • 1593 29 ARE Singaporeans, disgruntled with local conditions, deserting the island? Could there be a brain drain just when those brains are needed most to build the Singapore of the Eighties? This is not a subject that has received much public airing but emigration is a possibility which has crossed
      1,593 words
    • 920 29 IT IS accepted wisdom that the fastest and surest way to combat an unacceptably severe but temporary level of unemployment is to raise the school leaving age and/or reduce the normal age for retirement. As a solution it is fast, certain and capable of
      920 words
  • Page 21 Advertisements
    • 221 21 CONTENTS m&M 5 y 4 W K; fiE* r*+ t< >.-• "j,J; 'Alt..' .V > f* mm T*"* Vjl >A i *r*> V r-1 "Is it so shameless", she murmured, to be so sure of something so expensive? She'd said all along it had to be a watch by Audemars
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  • Page 22 Advertisements
    • 205 22 u?~ a L. t For easy key control and better security The Abloy Master System can control any number of ABLOY high security locks, each ot which can be Wr~l opened both by its own key and the master-key (M) which opens all locks master-keyed under this system only mm
      205 words

  • Page 23 Advertisements
    • 181 23 "Sometimes", he reflected, the most beautiful things in life are the simplest I "Like smooth pebbles on a beach, or the first snowflakes in winter". "And watches you wind up by hand?" I asked ironically. With great reverence, he lifted a small, green case from its jß|S| polished mahogany cabinet
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  • Page 24 Advertisements
    • 320 24 the Qantel Total Information System >"• 'i Expandability up to 64 terminals Disk storage is up to 900 megabytes memory up to 1 MB The Rrsjat^^KHiM^Col outer Industry packages available for Manufacturing Hotel Management Control Shipping Air Forwarding Medical Wholesale Distribution Rent Control Food and Beverage Control Property Management Insurance
      320 words

  • Page 25 Advertisements
    • 194 25 w JWW www* cars maintenance cost? If so, an independent research finding has shown tnat Datsuns require the least maintenance! According to an independent survey on Japanese and European cars, conducted by motor trade consultants published in Motor Management! U.K., the least warranty work occurs on Datsun vehicles with only
      194 words

  • Page 26 Advertisements
    • 671 26 "BUSINESS SURVIVAL IN THE 1980sTHROUGH NEW TECHNOLOGY AND MARKETING INNOVATION" A PRACTICAL ONE DAY CONFERENCE ON SEPTEMBER 30,1980 MANAGED BY SGV-GOH TAN PTE. LTD. IN ASSOCIATION WITH NEWTECH AB OF SWEDEN AND ALLIED INTERNATIONAL DESIGNERS a LTD. (AID) OF U.K. This Conference was successfully conducted in Stockholm in January 1980
      671 words
    • 310 26 What's in a name? v fSis > X i i /hi Ma-' v Wm.i John DewarlBo6-4880. a John Dewarbegan his business as a N canny Soot would Cautiously. i y o. A trabaly a local business, John Dewar extended it untt orders were receded from a wide area m Scotland
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  • Page 27 Advertisements
    • 202 27 A HAPPY DRIVER IS YOUR GUARANTEE TOAGOOD DAY'S WORK -Coping with the noon time heat and humidity is already tough enough on any driver. Plus the frustration of a heavy traffic jam and a tight schedule. Daihatsu understands this problem. How to keep cool. And make things easier for him.
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  • Page 28 Advertisements
    • 188 28 The high cost of slow motion mK 4 A Tj m I m IS Collaring Counting Mail Opening ri Check Signing Postage Stamping And how Pitney Bowes can help Manual handling of paperwork is a slow, tedious, expensive process. And in today's brisk business mood, slow motion in daily paperwork
      188 words
    • 37 28 r Heartiest Congratulations and Best Wishes to THE PEOPLE AND GOVERNMENT OF SINGAPORE on the occasion of the 15th National Day HOE HOE SHIPPING COMPANY PTE LTD 6th Floor, Dunn House 90 Cecil Street, Singapore Tel: *****66
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  • Page 29 Advertisements
    • 100 29 FEB znr i .I*. T l S| ft K 7 Our comprehensive renge of services include: Savings from the minimum of one dollar Fixed Deposits at attractive rates Trade Financing Loans Foreign Exchange and Money Market Services For all your banking enquiries, call on us now. R3ll We're right at
      100 words

  • Page 30 Advertisements
    • 452 30 "The difference between you and me, Mr.lan, is that you own a television and I own a Sony." Recommended Consumer Price KV-2Q24E SI 410 T Consumer ini*SON Y S j .Si Y T—rRecommended Consumer Price KV-1842E Si 100 Recommended Consumer Price KV-1400fc $720 Sony's line-up ofTrinitron colour televisions. Feature for
      452 words