The Business Times, 9 January 1981

Microfilm: NL10893
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 FRIDAY, JANUARY 1981 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Burroughs seeks partner
      83 1 AFP TOKYO, Thurs. The world's second largest computer maker after IBM, Burroughs Corp of the US, is now seeking a Japanese partner. Depending on its business tie-up in Japan, this may lead to the second reorganisation of the Japanese computer industry. According to Kyodo news service, Mr
      AFP  -  83 words
    • Article
      Lock icon Begin threatens to resign
      70 1 Reuter JERUSALEM, Thurs. Prime Minister Menachem Begin warned rebellious ministers today that he would resign and call for an early general election if any of them quit his coalition cabinet, Israeli government officials reported. Both Finance Minister Yigael Hurvitz and Education Minister Zevulun Hammer have threatened
      Reuter  -  70 words
    • Article
      Soviet naval build-up
      67 1 A 14-MEMBER US congressional delegation arrived in Singapore yesterday for talks which are expected to focus on the Soviet naval buildup in the Indian and Pacific oceans. The team, led by chairman of the House of Representatives Armed Services Committee Melvin Price, will meet Prime Minister Lee
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    • Article
      Air command exercise
      58 1 BANGKOK, Thurs. Thailand and Indonesia today started a two-day air command exercise to familiarise air force officers of both countries with war communications procedures. Thirty two Indonesian air force officers Joined their Thai counterparts at Korat military air base in the north-east for the exercise, the first
      58 words
    • Article
      Lock icon US$100m fund
      67 1 Reuter MANILA, Thurs. Japanese Premier Zenko Suzuki today announced a US$lOO million fund to set up development centres in each of the five Asean capitals to specialise in fields such as energy technology, agriculture and small industries. The official Philippine News Agency said Mr Suzuki made the commitment
      Reuter  -  67 words
    • Article
      Textile agreement
      60 1 JAKARTA, Thurs. Britain has agreed to import 2 million pieces of garments from Indonesia this year, but the decision still needs approval by the European Economic Community, visiting British State Secretary John Nott said. Mr Nott, who was appointed State Secretary for Defence on Tuesday, is on a
      60 words
    • Article
      Lock icon Soviet interpreter defects
      70 1 UPI STUTTGART, Thurs. The chief Soviet interpreter at the East-West troop reduction talks in Vienna has defected to West Germany with a bundle of secret files. The Stuttgarter Zeitung newspaper today said interpreter Nicolai Koroliuk, 35, approached West German authorities just before Christmas, and the German Intelligence
      UPI  -  70 words
  • Article
    Chief Price Changes
    134 1 Rises Hoaf Leong Ind 670 120 Bolton 280 35 Sipnae Corps 500 34 MalakofT 402 22 U P P 206 19 N B T 222 17 Anbssssdor 342 16 Ptrtk Carbide 208 16 Metro H)d(* 855 15 Scstoil 204 14 Falls Mill 1330 -40 Potf Mala 1120
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  • Article, Illustration
    KUALA LUMPUR
    136 1 Falls KgLanjut 11 Cement DBS Genting C Sugars Berjuntai S Trading M Banking 890 930 730 930 970 1350 1400 1570 1 1 1 1 II 1 1 *****W8S Rises Bolton 293 Supreme Corp 540 M Textile 360 Maiakofl 496 Coos Pit 590 P Carbide 218 Tganu Dev
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  • Article
    Perlis Plant to raise capital
    657 1  -  KEEN SPECULATION EXPECTED By CATHERINE ONG IN A MOVE which is likely to generate keen speculation on what is coming next, Malaysia's richest businessman has decided to increase by half the paid-up capital of his only vehicle on the Kuala Lumpur stock market Perlis Plantations.
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  • Article
    Gold plunges in S'pore market
    264 1 HIGHER Euro-dollar rates and better prospects for the release of the US hostages sent gold plunging by about US$2O in the Singapore market yesterday. Euro-dollar deposit rates firmed by about half a point from the previous day's close. As a result, the US unit was
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  • Article
    Chua Heng unveils its latest coach
    496 1  -  By RICHARD SEAH A LOCAL conch manufacturer has introduced a new type of coaches which are safer, more comfortable, more fuel efficient, more durable and easier to maintain. Chua Heng Industries, the company which recently became the first to export tourist coaches to China,
    496 words
  • Article
    Social role of business
    305 1 THE degree of social responsibility of business should be commensurate with its power and influence. This is inevitable as business grows in size and power, says a prominent Filipino businessman, Vicente Jayme. Mr Jayme is the president of Private Development Corporation of the Philippines. He says
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  • Article
    Overseas Union Enterprise buys 9.2 pc of ACB
    214 1 HOTEL u4 property graap OmtM DaUi Bitaprtw Ini acplni Uprwil^taUa fc^T>S'^rr!!ii"l U2 mlUtoa ten to the tMMnkl baak at a price mt ILM par Am. TUs ptoeea the total enrtderalton at $11» nilThe traaaaettoa was eamptotod ea Wetetay mm the paymwi the
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  • Article
    Two buy a complex in Australia
    401 1  -  By LILLIAN CHEW A PARTNERSHIP of two Singaporeans has successfully outbid other companies from Asia for posses sion of the Hyatt Kingsgate complex in Sydney, Australia. Their bid of S*4 million was only $1 million higher that of their closest rival. Deacon Chiu of
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  • Article
    HSBC's decision
    72 1 HONGKONG and Shanghai Bank yesterday said that its decision not to participate in the leveraged lease for Singapore Airlines (SIA) was a normal banking decision and is relevant to only one particular form of financing. The bank, referring to a leasing story and editorial in yesterday's Business Times,
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      25 1 SYSTEMS (S) PTE. LTD. 47, Podium Block, Gokjhill Plaza, Newton Road, Singapore 1130 T«t *****92,*****94 <3 lines) Cable "Busnestems' See back page See P«ge 3
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    • Advertisement
      Page 1 Advertisements Column 2
      47 1 m ROY They ted lighter. look more elegant and as beautifully detailed as ever. An exceptionally attractive slip-on in 4 speclal colours. Black Kid White Kid Brown Kid l aupe Beige K\i St>if Agent lor S r A-.a Hong kon£ I jiwan S.G PARRFTf SON (PTE* Lin
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      Page 1 Advertisements Column 3
      11 1 Seeptp < Leader Page I I SHIPPING TIMES LAM SOON'a t*ffT 3
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      Page 1 Advertisements Column 4
      224 1 SA Asean s most immediate external threat a exist peaceMy m South-east Asa now Vietnam The Vietnamese invasion of Kampuchea early last year, totowtng the taM of Saigon m 1975, has raised Asean concern about Vietnamese ambitions m the region. Iks worry was exacerbated by a Vietnamese incursion into Thai
      224 words
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  • TRADE AND INDUSTRY
    • Article
      Lam Soon draws up schedule
      287 2  -  By HSUNG BEE HWA LAM Soon Oil and Soap, a local company well-established in the oil, soap, detergent and canned food market, plans to complete its mechanisation programme by early next year. Works director Wong Mong Hong says the company spent between $2 million and
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    • TRADE TALK
      • Article
        LAURENCE Graff
        111 2 a well- known jeweller In Europe, will present his multi-mil-lion dollar collection in Singapore at Goodwood Park hotel from Jan 20 to 24. Mr Graff has won the British Queen's Award for export achievement twice. He was one of the first exporters of jewellery in England. Now, he
        111 words
      • Article
        SEVERAL Canadian companies
        53 2 will participate in Wood '81 under the wing of the Canadian Ministry of Industry and Small Business Development. The companies are Canmillex Sawmill Exports, Moore International (Canada), Canadian Car (Pacific) Division, Pacific Truck and Trailer, S Madill and Ardiem Industrial Corporation. Buyers can contact the Canadian companies
        53 words
      • Article
        THE Department of Extramural Studies
        41 2 of the Na- tional University of Singapore will hold a 24-lecture course on spoken Mandarin for beginners on Mondays and Wednesdays beginning this Monday. The lecturer will be Lee Wye Choo. The course fee is $80.
        41 words
    • Article, Illustration
      INSTANT DISPLAY
      178 2 AN equipment that allows X-ray images to be made rapidly and displayed immediately inside the operating room will be introduced at the US pavilion during the Medic-Asia '81 exhibition. The surgical C-arm image intensifier, manufactured by Orthopedic Equipment Company and Varian Associates, uses small X-ray dosages, computerises the
      178 words
    • Article
      Three HDB technical officers seconded
      250 2 THREE technical officers of the Housing and Development Board have been seconded to the newlyformed construction company, Construction Technology. About one and a half months ago, they assumed the posts of general manager, company secretary and structural engineer at the company. The three officers will
      250 words
    • Article
      Direct line to Algeria
      79 2 WITH the extension of International Direct Dialing (IDD) service to Algeria from Dec 29, the number of IDD destinations is now 77. IDD calls are dialled directly by a person on an IDD phone without any assistance from the international telephone exchange operator in Singapore or
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    • Article, Illustration
      VIRTUES OF A MONOCOQUE BODY
      297 2 YOU may be surprised if you take a look at the underside of the coach atove it does not have a chassis, the frame which forms the skeleton of every other coach or bus on our roads. This is Singapore's first monocoque coach, built by
      297 words
    • Article
      A seasonof cheer at department stores
      391 2  -  By LILIAN CHEW A WOBBLY world economy last year and predictions of a worldwide recession this year did not dampen the festive shopping spirit of Singaporeans. Judging by the Christmas and New Year sales of major department stores and supermarkets, Singaporeans were not in
      391 words
    • Article
      SWISSASEAN TRADE FAIR DUE
      388 2 THE Swissasean Fair will be in Singapore again soon after its debut here four years ago. The exhibition, to be held at Mandarin hotel from Jan 14 to 18, will display machinery and industrial supplies, electro-technical and electronic equipment and products, precision instruments, hotel and catering
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    • Article
      MEMO PAD
      326 2 SEMINARS AND COURSES Jan 10: Modern Secretary's Workshop, Waterloo Centre, Personnel A Organization Development Jan 10,17,24: The Secretary in Management Today, SIM Conference Room (3rd floor, Thong Teck Building), Singapore Institute of Management Jan 12-13: Systematic Staff Selection, SIM Conference Room (3rd floor, Thong Teck Building), Singapore Institute
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    • Article, Illustration
      PEOPLE IN BUSINESS
      142 2 BONNIE Vwg, manager of Ekman Singapore, equipment division, has been appointed vice-president (marketing) of Ekman ft Co Pte Ltd. Responsible for Ekman's business in South-east Asia, Brunei and Indonesia, Mr Wong in his new capacity will take charge of developing the company's sales, service and rental operations
      142 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      96 2 AVAILABLE FROM KOOL-Am vs. VN •>. -•'->> i-V, terrier's New Super Round One ii% more energy emaenL Carrier's new Super Round One (38VE) is a major breakthrough that's big on energy savings. It gives you central airconditioning that's 33% more efficient in terms of aircon running costs. And it's big
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    • Advertisement
      Page 2 Advertisements Column 2
      142 2 }|,|,`]({!^,^.\)_<"\;:|".{&!*(+ APPOINTMENT The Asian Representative office of a U.S. Bank in Singapore has an opening for: I ASSISTANT TO lllSilUilttJt'lMlL'j The successful applicant must'have a thorough understanding of international correspondent banking, trade financing and he should be familiar with the U.S. dollar payment system in New York. He wiH be
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  • REGIONAL
    • Article
      Lock icon Australian tariffs an irritant in ties with Asean
      332 3 AFP AUSTRALIAN tariffs are an "irritant" in its relations with the members of Asean, Foreign Minister Tony Street said in Canberra. Mr Street said the ultimate test of a trading relationship is whether trade has been increasing, adding that there has been
      AFP  -  332 words
    • Article
      Lock icon India plans to set up export-import bank
      210 3 Reuter THE Indian government is setting up an export-import bank with an authorised capital of about US$25O million. The bank will accept deposits from the public and raise money in the market, and will be authorised to borrow funds from abroad, the Press
      Reuter  -  210 words
    • Article
      Lock icon Japan to take part in Tasmanian project
      209 3 Reuter A GROUP, of five Japanese steel companies will acquire a 45 per cent interest at a cost of US$l6.B million in Tasmania's Savage River iron ore development project at the end of March. A group spokesman said in Tokyo yesterday that the
      Reuter  -  209 words
    • Article
      Lock icon UK and Indonesia reach agreement on textile quotas
      309 3 Reuter BRITAIN and Indonesia have reached tentative agreement on Indonesian textile quotas to the United Kingdom, British Trade Minister John Nott said yesterday. The dispute had strained relations between the two countries since last July when the European Economic Community (EEC) imposed
      Reuter  -  309 words
    • Article
      Lock icon Honda, Fiat tie-up talks
      67 3 AP HONDA Motor, Japan's fifth-largest automaker, is negotiating a tie-up agreement with Flat Motor of Italy to manufacture motorcycles in that country, a company spokesman said. However, the spokesman denied a report by the masscirculation daily Yomiuri Shim bun that Honda and Fiat had reached basic
      AP  -  67 words
    • Article
      Shell affected by KL duty
      708 3 THE imposition of an export duty on crude oil from April 25 has reduced the net earnings of Shell to about half of what they should have been under the production sharing agreement, the company's chairman and chief executive, Mr Jan de Ruiter, said. Taking
      708 words
    • Article
      Lock icon Hopes of Hongkong manufacturers dashed
      271 3 ATP HOPES held by manufacturers that the Hongkong government will help them tide over the difficulties created by high bank interest rates have been officially dashed. The Financial Secretary, Sir Philip Haddon-Cave, has given a blunt "no" to their query whether the government would consider
      ATP  -  271 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      45 3 WE'VE GOT ITALLI Watches and clocks of fine craftsmanship and designs. Prom manual to quartz timepieces. At Watches of Switzerland, the specialist shop. A paradise to be experienced. With eloquent and well informed service. PATEK PHILIPPE P* T- vacheron jl K,*-- -<2|' CONSTANTIN .f m
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    • Advertisement
      Page 3 Advertisements Column 2
      95 3 I JSH i M N V fm i: r e ii third largest oil refining centre and the third largest exporter of No-Frost refrigerators in the world. ACMA has made Singapore proud of being the world's third largest exporter of high quality, originally designed No-frost refrigerators to more than forty
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  • RAW MATERIALS
    • Article
      Lock icon Copper unlikely to fall below £750
      179 4 Reuter THE PRICE of Three Months copper wirebars is unlikely to fall below £*****0 a tonne in the course of the current recession, says the London-based dealer Inter Commodities Limited. Foreseeing only a small surplus in 1981 and with stocks low, Inter Commodities believes
      Reuter  -  179 words
    • Article
      SOYBEAN
      211 4 SOYBEAN futures ended in Chicago on Wednesday 12V* cents a bushel lower in old crop to down 2V4 cents in new crop. Steady local long liquidation in reaction to sharply lower precious metal and stock markets pressured prices from the start, traders said. Reports of favourable soybean crop conditions
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    • Article
      WHEAT
      213 4 WHEAT futures in Chicago on Wednesday closed M cent a bushel lower in nearbys to down 3V« cents in deferreds. Prices settled near the top of an eight cent range in choppy trade. Spillover weakness from precious metals burdened prices from the start. Deferreds ran into additional pressure following
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    • Article
      RUBBER
      223 4 THE market closed uncertain yesterday with January One RSS buyers quoted at 285.00 cents a kilo, unchanged from Wednesday's close. Opening quotations were marked down two cents following weaker overnight London advices and the (all in gold prices but the market later recovered marginally on covering interest and speculative
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    • Article
      RAS PRICES
      298 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyer* Sellers Int. 1 R-S.S. prompt f.o.b. 282.00 283.00N Int. 1 R.S.S. January 283.75 284.75 Int. I R.S.S. February 281.75 287.25 Int. 2 R-S.S. 270.00 271.00N UK/Coot 300.00 270.00N Int. 3 R.S.S. 307.00 308.00N UK/Coat 200.00 387.00N Int
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    • Article
      SSR and SMR
      109 4 NOON SSI BA8 I aad SMR prim jm tarday. r.bn>n (forward Mtk) Sayan Saltan C«r"a! ■fata f iMtk) kalian SSR 20 (1-taa pallat) 246 00 247 00N 247 00 24* 008 SSRSO (1 too pallat) ***** 243 00N 243.50 246J0 MRELB Mnur Duck SMR CV (I lea
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    • Article
      Straits Tin
      74 4 THE OTKATB Um price li Peaaag mMv fell IS carta to M 532.78 a Uto tart waa still within the later—al Tla Agreemeat's $32.74 to $35.48 raage, ietlen The decline waa malaly attributed to the weaheatag af stertiag agalast the riaggit despite the tower disposals of tla aad
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    • Article
      CLOSING PRICES
      32 4 Rubber: Jan 8 Singapore: January: 285.00 cents (unchanged) Malaysia: February: 306.75 cents (up 1.75 cents) Tin: M 532.78 per kilo) (down 13 cents) Official offering: 156 tonnes (down 11 tonnes)
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    • Article
      Lock icon Japan agrees to buy Thai rice
      131 4 Reuter JAPAN has agreed to buy 33,000 tonnes of glutinous rice and 25,000 tonnes of broken rice from Thailand for delivery between March and May. Thailand's Foreign Trade Department director, Mr Bajr Isarasena, said the Japanese purchase of 10 per cent long grain glutinous
      Reuter  -  131 words
    • Article
      Produce exchange
      166 4 CHINESE Prsdaee Exekaage, Shppin, r IMk Cirwl «II: Bulk fob {129 00 sellers, old dkum (in second hud drum) fob $I*oo seller*, new drum fob $145.00 tellers. Capnu Mixed (loose) 179.00 buyers. Pepper: Muntok white pepper fob Asta NLW $432.50 sellers, Sarawak white pepper faq fob NLW $427.50
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    • Article
      TEXTILES
      192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattsa yam: China Ae Phoenix 20* unq; 32s 2,915 (per bale of 400 lbs). Pteee feeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying
      192 words
    • Article
      RICE
      338 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop LIS, 100 per cent second class 0.88, 100 per cent third class 0.96, 25 per cent new crop no stock, B-10 per cent 0.82. THAI BROKEN: A-super 0.77, Special 0.75.
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    • Article
      LONDON MARKETS
      801 4 COFFEE: Robusta futures yesterday ended the morning £1 higher to £7 lower in a volume of 1,066 lots which included two block cross trades totalling 800 lots. The market was held to a narrow range in the absence of fresh news after opening in line with New York's
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    • Article
      DUTY RATES
      84 4 THE Malaysian Minister of Finance has fixed these rates for the period from Jan 8 until further notice: 8s»»: 303H cents a kilo for RSS One; Csprs: MJ770.00 a tonne; Falsi kernel: $955.75 a tonne; WMte pepper: $3,696.00 a tonne; ■aek pepper: $2,610.67 a tonne; The rates at
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    • Article
      PALM OIL
      145 4 THE Kuala Lumpur market closed slightly easier on light selling despite Indian enquiries for palm olein and palm oil, dealers said. Trading was quiet with January easing Mslo te*960 in the north and in February and March, the southern and central slipped $5 each to 985. The refined
      145 words
  • ASIAN STOCKS
    • Article
      Shares close at record high
      529 4 TOKYO SHARE prices rose in heavy trading, with the market average gaining 21.37 to close at a record 7,222.14, dealers said. The Tokyo Stock Exchange index rose 2.02 to 503.03, and trading volume was 710 million shares. Japanese corporate investors continued to buy large capitals
      529 words
    • Article
      Hongkong
      408 4 STOCKS closed sharply lower yesterday but above their lows in moderately active trading, with the Hans Seng index dropping 40 52 points to 1,570.04, dealers said. Heavy early selling was prompted by margin calls from the local gold market and Indications that US interest rates may not have started
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    • Article
      Sydney
      231 4 JAN 08 INDU8TK A. C. 1. A N. L A P. M Ampol Pet B H P O LA rats LS 35 10 20 13 •406 -5 -10 -3 Bank NSW D3 •1 Rnral 00 1$ Brambles 10 -10 C B A. 286 1 C S R 734 -14
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    • Article
      Bangkok
      247 4 STOCK prices closed higher yesterday in quiet trading concentrated on financial and cement shares. JAN 00 Bahu Axtt Credit Asm Fibre 136 -1 Ayuthijfi Inv And Trust n unch Btncfco* Investment Bangkok Bank 2H 2 Bangkok Drying And Silo Bangkok I murine* Bangkok Metropolitan Ban 3M unch Bangkok Nylon
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    • Article
      Manila
      105 4 THE stock market yester- day remained generally u firm across the board" though turnover (k-opped to? 15 million pesos (ram 12»; million on Wednesday, deal-_ ers said. JAN 007 AUu Con A AUu Con B BaguiG Gold Benfurl Con B BK Goodrich CDCP SI 00M Ti MM S -0
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    • Article
      Selected indices
      9 4 rFJlL HXHANG 8KNG Thundaj ISTOjM Wednesday 1C10JM
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      187 4 AN INVALUABLE GUIDE to the banking, finance and insurance community -v He A 3 > >:4 i .jR VS MX P-r w *z*\ -V tr-i.-.-V**.;. »v< f tL «3tof r Ar 55J ■*v. LTV- V *> sl^N -M« 1 ft w m as ?y ;V bf*. «•*<• A\Z r>v jv#
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  • OVERSEAS
    • Article
      Lock icon IMF allocates US$5b of special drawing rights
      401 5 AP International Monetary Fund (IMF) has announced the distribution of U555,187,300,000 worth of special drawing rights with the biggest share of 1.087,366,800 going as usual to the United States. Shares also went to 140 other member countries, for use in paying their debts
      AP  -  401 words
    • Article
      Lock icon Moscow a hard nut to crack
      344 5 UPI THE United States will never be able to bring the Soviet Union to its economic krfees, says America's ontgoing Ambassador to Moscow. Thomas Watson, who has spent the past 15 months as the top US envoy to the Kremlin, said in an interview
      UPI  -  344 words
    • Article
      Lock icon West must take Close look at defence burden
      347 5 AFP THE Reagan administration will insist that Western Europe shoulder a fair share of its own defence burden, Belgian General Robert Close predicted in an interview. General Close is the author of the book "Defenceless Europe", which warned several years ago that
      AFP  -  347 words
    • Article
      Lock icon Fed's monetary policy may cut off recovery
      722 5 NYT THE CHAIRMAN of the US Federal Reserve, Mr Paul Volcker, said the Fed's tight hold on the growth of money and credit is likely to cut off any strong economic recovery as long as inflation remains high. Mr Volcker also called for
      NYT  -  722 words
    • Article
      Lock icon Polish union proclaims a five-day work week
      387 5 NYT DEFYING Poland's beleaguered communist leadership, delegates from the independent trade union Solidarity on Wednesday night unilaterally proclaimed a five-day work week starting on Saturday. After stormy debates at union headquarters in Gdansk, the fledging union's National Commission declared Saturday a holiday and
      NYT  -  387 words
    • WORLD IN BRIEF
      • Article
        Lock icon CHRYSLER SALE FALLS
        376 5 Agencies CHRYSLER Corp said it sold 660,107 cars last year, down 28 per cent from 19T9's 909,025 cars. A company spokesman said Chrysler sold 27,508 cars, including imports, in the last 10 days of December and 69,513 cars in the month. INTERNATIONAL Rartar— MmMmi (IBM) to act
        Agencies  -  376 words
    • Article
      Lock icon Ghana can increase gold output by 5 times
      314 5 Reuter THE GOLD production of Ghana could be multiplied Ave times in the next 30 years, and the ultimate potential is far greater, a government-appointed committee said. A five-fold increase would mean about two million ounces a year. In theory, the committee's
      Reuter  -  314 words
    • Article
      Lock icon China cancels orders
      145 5 AP CHINA has cancelled orders for about 300,000 tonnes of US wheat over the past two days, officials from the US Department of Agriculture said. However, they said the cancellations probably were for "logistical" reasons and did not signify any withdrawal by the Chinese from the American
      AP  -  145 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      742 5 ARRIVALS Service Operator Nuber Leeml Tbae 1 Proa PAA MAS SLA SIA TMA SIA MAS MAS RBA MAS SIA SIA CPA GIA THAI SWR MAS SIA PAL SIA MAS SN GIA KLM SIA SIA GIA SIA MAS SAS THAI MAS SIA GIA SIA SIA LUFT CAL SIA
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      272 5 ROCFLOOR Resin flooring many timos stronger than concrete covers new or old floors chemical resistant strong and durable fast to install. BATIK A Batfti Singapore Pl* Lid tel: *****44 r Swiss technology for Asean 14-18 January 1981 Singapore Mandarin Hotel Open: 10 em 8 pm SWISS TRADE AND TECHNOLOGY FAIR
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      Page 5 Advertisements Column 2
      34 5 M Hi 1 T-SHIRT EACH strnS X=E -t < i i tflM 1 KohHonaCoPHLW. 4 OatooT MM j^MpMi^np tpwri 'H r pgMpi I. i\n#i v I 1 yi pO i Jl> r vv (l» «::r:[ti»:•
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  • Article
    Social duties profitable
    356 6 ThkkE IS no question that business organisations in a free enterprise economy are justified in wanting to make profits. It is also accepted that organisations which exist solely to supply goods or provide services at prices which preclude profits are government bodies or charitable institutions which are
    356 words
  • Article
    Deceiving glitter of inflation
    271 6 RECREATION in Singapore is a limited affair. Apart from the cinemas, the parks and the sports facilities, there is little for the average Singaporean to look forward to. The only other aspect he can preoccupy himself with is to move around the departmental stores, picking up
    271 words
  • Article, Illustration
    Lock icon The money-lender's door stays tightly shut
    1095 6  -  By STEPHENS JUKES Reuter ALREADY rocked by an unprecedented credit squeeze in 1980, the world'* poorer countries will find borrowing on international lending markets even harder this year. The chief reasons will be recession, high interest rates and the threat of political instability in
    Reuter  -  1,095 words
  • Article
    Only if they are constructive...
    875 6  -  FW, Wltrt B J WU THE LATEST echo of the Government's post election resolution about getting mare young Singaporeans involved in policy discussions, emanating from the lips of Dr Ow Chin Hock at his postelection celebration dinner, could not have elicited much excitement from the
    875 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      170 6 a 11 v TO JSSS». Why idle away your lifa and languish in poorly paid jobs with no future whan you can more ahaad with tha RIGHT QUALIFICATION? Enrol now with FEDERAL PUBLICATIONS HOME STUDIES DIVISION for any of tha folio wing oourtat and gat just THAT QUALIFICATION! Institute of
      170 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      525 6 The money Dr lan makes (5) He may go far a drive, but doesn't mat the beads (S) She gtvsa help to me aad the Marines (7) right tar a tag-ead? (5) Hits certain peats (5) Declare the taste different Si— Ptate? (3) Jerome ftviag a place of cake to
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      375 6 3 m toi to I I K 1 SINGAPORE 5 100 PH Opening Mowed by The Young And The Restless 325 Housewives' Matinee Professional Bride 4.55 Man From UNCLE Yukon Affair 5.45 Seng Of The Paddb 6.15 News In Brief 625 Sports Parade 6.55 Cartoon Ukdkm 7.00 Senandong Sukma (Malay)
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    • Miscellaneous
      Page 6 Miscellaneous Column 3
      123 6 9.99 Prog Summary (ellowed by 15 Minute Theatre Uf Potluck MS Profile MJ9 Music While You Work ILM News in Brief ILM in Harmony ILM Frank Muir Goes Into ELM Light Music At Noon 12JI Lunch Date LM PM News followed by Share Market Report and Weather Forecast LM 9J9
      123 words
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  • Article, Illustration
    Lock icon Syncrude plant on firm footing
    1011 7  -  There is no running away from the subject of the oil. squeeze. While Canada's synthetic fuels production plant, the world's largest, is getting profitable and supplying 5 per cent of the nation's oil, over in the United States oil drillers are digging into the ground
    NYT  -  1,011 words
  • Article, Illustration
    Lock icon Digging hard to replenish falling reserves
    939 7  -  By DOUGLAS MARTIN NYT OIL DRILLERS in the United States are poking holes in the ground at an unprecedented pace, but virtually no one thinks this adds up to the solution to the nation's petroleum problems. "It is going to be vary hard to
    NYT  -  939 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      166 7 k -.-i H *4# r-> s» Subscribe to Business rimes now and get 41 issues free Subscribe to Business limes directly and save $25 (It's like getting 41 issues free) Here's a great opportunity for you to join the increasing number of Business Times readers who subscribe directly to us.
      166 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        212 8 JAN 07 Fls ABN ***** -2 Ahokf 75 50 .2 Akzo 17 70 -09 AMFV 94 70 -0.8 Amfas 114 80 >0.3 Amrobnk 58 70 -1.4 Bergoss 1850 Berk 50 30 •1.7 Bols 58 00 -0.7 Borsumij an oo 6 Burnmann 58 30 09 Byenkorf 40 00 -03 I
        212 words
      • Article
        Paris
        268 8 jan an Frs CORBEILLE Air-Liquide 486 50 -113 B S N Gervais Danone 1000 -20 C S F (ThomsonCsf) 385 •10 Ck Francaise des Petroles 240 -3 Compagnie Financiere Compagnie Genera If 364 -S Credit Foncier De France 403 -153 Hachette (Librairie) 340 unch Machines Bull 52.10 -0,7 Michelin
        268 words
      • Article
        Brussels
        95 8 JAN 07 Frs FORWARD MARKET Aiw ,285 -5 Arbed ISO -0 Astur 345 14 Brascan 964 30 Bru Lamb 900 -40 Canpac 1142 4 Cock 150 De Beers 326 -3 Ebes 1575 4-9 Eleclrotwl 3190 -00 Gb-Inno-Bm 2020 5 R« 1328 unch Hobok 2510 unch Pelro 4996 -56 Ryl
        95 words
      • Article
        Frankfurt
        224 8 JAN 07 Dm Art-Tel* fun ken TOSO -I Akzo 16 40 -03 A1U Leben A1U Vers 1060 00 ***** 20 -7 BARF 124.00 -06 Bay H T Wbank 2 IS. 00 Bay Vbank 290 00 •3 Bayer 111 oo -03 our 251 50 -C5 BMW 152.00B Cassella 302.00 -8
        224 words
      • Article
        Zurich
        183 8 JAN 07 Francs Actions Suisse* 29» unch Alusui&se Br 1170 -IS Alusulsae Reg 490 1 Brown Boren Br 1500 30 Clba Geigy Br. 1010 -10 Qbt Gelty P C 800 •s Clba Oeiejf Ret 1 Credit Suuar Br rraa -15 Credit Suisse Ret 470 -10 Elektrowatl Br. 2000 unch
        183 words
      • Article
        Milan
        105 8 JAN 07 Lire Ante 8 30 04 Assoc Gen *****0 -790 B^SlOf! 790 SO -7.3 Central* ***** 210 Flat 1854.50 15 f insider 78.25 -4 75 Gen lmmob 2440 140 IFI Pn 3810 10 Ilalcemenli ***** -no Italgas 1650 20 Itaiuder 2SM •1 Migneli M P! 800 -20 Mareili
        105 words
      • Article
        TORONTO
        195 8 JAN 07 Ct Abitibi 24 Aican 40 .i. Alffoma 37 -1'; Bank Mont 32 Bank Nova Scotia 33 Bell Tel 19 unch Beth Corp BP Can Ltd 37 Bra.van 35* Camp Red Lake 68 -4. Can Imp Bk 28 Canpac 42 Canpac Inv Pf 1» 4 Carling O'Keefe 8
        195 words
      • Article
        JOHANNESBURG
        280 8 JAN 07 Rand INDUSTRIALS A Alpha 425 unch Abercora 335 5 AE And c'l 970 20 AMIC 2600 Barlows 1120 unch Cg Sugar CNA 510 unch Currie Finance 235 unch D» Bet-rs Ind 800B Edcon 650 unch Edgars Ewready fed Votk 510 10 Elicit 240 unch Gardian Gienanl Cralemn
        280 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      190 8 Where to wine, dine and entertain Get away to Sentosa 0 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 public holidays and holiday-eves). For full details of the 50% DISCOUNT OFFER. call
      190 words
    • Advertisement
      Page 8 Advertisements Column 2
      118 8 4 tvJAPANESE RESTAURANT For sushi. For teppanvaki. For other authentically Japanese delights. Open daily: 12 noon 3 p ni 6 30p rn -10 30p m For reservations call 737^677 A i.'-y < fill lll"\ I*l tl*k M'l'Jll* >1 I liil l| NNt W2 •Jk m m LUNCH k 1 Hors
      118 words
    • Advertisement
      Page 8 Advertisements Column 3
      124 8 ~??"*|&=-||{>]=?}>'(*:)+<[^+;\| The Great Family Do-lt-\burself Barbecue K V I A&J j O. A \lerlin Grill Bperialit> From Mongolia comes a barbecueore succulent, more delicious than any barbecue you have ever tried before Only at the Singapore Merlin Lunch from 12 noon 2.30 pm at $14.00 apr head. Dinner from 7.00
      124 words
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      Page 8 Advertisements Column 4
      125 8 OOQQQ inn Of Happiness Cantonese style. Szechuan style The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. i^M Hum NTfcRNATIONAb Be in vogue Lll )l'tW Very exclusive.
      125 words
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      Page 8 Advertisements Column 5
      109 8 1 II restaurant TL*MSH &BF' Charming Garden Special Beef VVSfSk Don't miss the dining experience of Chinese Hunan Cuisine Business Hours: Daily 11.30 am 2.30 pm 6.30 pm 10.30 pm 214 Dunearn Road OnnhTrl Inn 1129 lIVJ II II I TeJ *****49 Tel: *****49,*****22 PI Treat your friends ana business
      109 words
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  • BANKING AND FINANCE
    • Article
      Singapore market
      471 9 THE US DOLLAR closed generally higher against major currencies on the Singapore foreign exchange market yesterday, aided mainly by higher Eurodollar rates. It opened higher at 2.0820/ 40 against the Singapore unit as Eurodollar rates firmed about Vi point from the previous day's close on higher Fed funds.
      471 words
    • Article
      TOKYO
      142 9 THE dollar for overnight delivery yesterday closed weaker, at 200.40 yen compared with a 201.20 opening. Trading was active, with volume at US$l.O6 billion. The Bank of Japan bought a small amount of dollars, probably nearly $100 million, at the day's low 200.30 yen in early trading. The dollar
      142 words
    • Article
      PLR
      22 9 THE tTor»|o rate at which Major Singapore banks are currently prepared to lend to their best customers is 14.4 per cent.
      22 words
    • Article
      ASIAN $ RATES
      176 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Jan USDalmtSMt) Offer BU 7 days 20 19* 1 month 20V. 2 month* 1»H 1SV. 3 months 17* 17H months 16* 18* months 15 7/16 IS 9/18 12 months 15H 15V. •win. IUUJU Dm IS 1 month 5''« rnCtf
      176 words
    • Article
      Discount
      49 9 RANGE at price* ofta red by discount houses on Jan 1: Overnight: V.% Can deposits: to 7 v,% Cloaiu Bayi>« 3-month t 8*0iM Treasury bills 6H «v. 3-month Bank bills 13% 13% 3 months CD 11% 13 V. 0 months CD UW 12 H Source: National Discount Co
      49 words
    • Article
      Frankfurt
      40 9 FRANKFURT exchanges opening quotes on Jan 8: US -1.9680/90 (1.3388/9408) Stg 4.708/714 (4.680/700) Can -1.6468/88 D F1 91.98/98.04 S Fr -110.56/75 Lit 2.103/107 F Fr 43.21/26 N Kr 38.04/08 B Fr (con) 6.204/212 B Fr (fin) 6.198/208 Yen 0.9741/61
      40 words
    • Article
      GOLD
      206 9 SINGAPORE gold futures yesterday closed sharply lower compared with overnight levels in generally light trading, dealers said. Opening quotations were marked down sharply between US$l7 and $2130 an ounce in line with the metal's sharp drop in New York overnight following an upturn in US market interest rates and
      206 words
    • Article
      Silver quotes
      34 9 New Tort 15«B IUB 15 706 16. «6 Zurich 13. MB li.ltB ***** 16JB Stagmpare ?SB IMOB 15.706 1««6 OMtafprk m la US dollars a troy ouao ■l Source: Credit Suisse, S'pore
      34 words
    • Article
      LONDON
      116 9 THE dollar yesterday climbed to 1.9625/35 marks in early trading after continuing its steady overnight rise with an opening at 1.9590/ 9600, dealers said. Renewed signs the US Federal Reserve is maintaining a tight monetary policy helped eurodollar interest rates open about V 4 of a point higher from
      116 words
    • Article
      Hongkong
      130 9 THE US dollar continued to firm in late trading yesterday, but was generally off its highs, with dollar/deutschemark trading dominant. Firmer Eurodollar rates were the supporting factor and the dollar at one stage broke the 1.96 mark level before easing to 1.9585/90, against an opening 1.9567/72. The dollar strengthened
      130 words
    • Article
      Severe setback on the NYSE
      1537 9 THE NEW YORK stock market on Wednesday suffered its worst setback since Dec 1 on record volume after a widely followed market technician told his clients that stocks had peaked and they should sell. The Dow Jones industrial average, which hit a more than four-year
      1,537 words
    • Article
      Seremban project gets M$6.5m loan
      210 9 A LOAN facility for MJS.S million has been signed between Soon Properties Sdn Bhd and Amanab-Chase Merchant Bai* Bhd to finance the construction of a shopping complex in Seremban, which will be the town's largest when completed. Managed by AmanabChase and syndicated together with Malaysia
      210 words
    • Article
      American Express
      57 9 DEPARTMENT stores and restaurants in the Emporium Holdings group now accept payment by the American Express charge card. Beginning last month, the Emporium Holdings group of 22 stores and four restaurants offically accepted American Express cards on all merchandise and services except supermarket items. Before this, only four
      57 words
    • Article
      Tat Lee Finance going computer
      577 9  -  FIRST TO ENGAGE CONSULTANTS By ALVIN TAY TAT LEE Finance has become the first finance company in Singapore to engage a management consultancy Arm to develop computer software instead of relying entirely on the hardware manufacturers. The company has just ordered an IBM System 34
      577 words
    • Article
      Lock icon CDs denominated in special drawing rights
      399 9 FT SEVEN leading international banks have joined forces in London to establish a new market in certificates of deposit denominated In special drawing rights (SDRs), the currency unit used by the International Monetary Fund. The market will add a new dimension to the range
      FT  -  399 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      61 9 TAT LEE BANK LIMITED ANNOUNCEMENT Pursuant to Article 6 1(a) of the Articles of Association of the Company, it is hereby announced that declarations received by the Company as at the end of 31st December 1980, beneficial ownership of the issued share capital of the Company by foreign persons constituted
      61 words
    • Advertisement
      Page 9 Advertisements Column 2
      352 9 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia Off Directory 1980-81 (Third edition) Drilling Contractors number/names and types of rigs is the oniy professional reference work which brings currently available/working in this region (both on- and together an encyclopedic volume of material to
      352 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1710 10 BID aad offer price* officially Hated aad Imolmob la aad reparted to the Slock Rirhanfe of niasapoie yeeterday with the nmnhw of share* traded ateva in brackete ia tote of 1.000 natte, unless ottmwtoe SECTION ONE INDUSTRIAL A COMMERCIAL Aoaa (1MB) (1)
    1,710 words
  • Article
    Unit trusts
    46 10 IWCoBBMroe IS 1« HKflMkWM La 1M S-pcrt Prog M L« 1J0 S port Sac. Ftod 117 IB S port brvMt M LM 1M S*pop» Equity tad LM LOxd d i_ r TIM hJ Pro* rand IS Ul SKwity pmi ta tm :V. 1,1 i
    46 words
  • Article
    SHARE INFORMATION SERVICE
    2679 10 I MO/1961 Hlgk Low Ctanay Laat Sale OTGr*s DW C*TT Gr*a ru Net P/B 1 Vol (■000) Day High Low 8BCTION ONE INDUSTRIAL COMMERCIAL 373 300 140 UO US* 125 302 746 406 610 346 230 116 136 303* 60 275 246* 137 286 Acma Alcorn Allied
    2,679 words
  • Article
    In Kuala Lumpur
    1793 10 BID mad ofler prlcca officially lifted aad huriaw la aad reported to the Kuala Stock Exchaage yesterday with the number o( ifaares traded abamrn la brackets la lots of 1,000 unit* unless other- i,in ii wise specineo Akmm (1) IS (2)IM AMD (LIB) (1) LIS (2) LM
    1,793 words
  • Article, Illustration
    Afternoon rally halts decline
    444 10 A PUSHspnrtsthaytogM eneftor Mnk| Mead »t ft* SST" ltal the ift—oio'» lUiUler lomm uS Mixed. SeMe of VMm» Mf 1 —U like TuMm, BoUbom m< (Jolted tafkMn nUM baefc sßghtty m ptefltMhThe 111 polal Mb la the Straits Tiaei MMW 4mm te a aet Mae e(
    444 words
  • Article
    Heavy turnover in KL market
    577 10 INTERMITTENT rounds of buying and profit-taking kept prices moving irregularly to close mixed on the Kuala Lumpur Stock Exchange yesterday. Althoagh a number of counters were marked lower at the final beU, bullish support, however, remains visible in the doaen or so of the more
    577 words
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  • COMPANY NEWS
    • Article
      Monetary policy may affect sentiment in the stock markets
      915 11 In this second instalment of a two-part report, analyst Richard Cragg of Lyall and Evatt discusses the factors that could upset the bulls in the Malaysian-Singapore stock market, and offers suggestions on how to minimise losses in the event of the
      915 words
    • Article
      Lock icon In Hongkong...
      97 11 Reuter HSIN Chong Properties said trading in its new issue of 160 million shares started yesterday. Originally it was planned to start trading today, but the company said permission for the earlier start has been received from the local stock exchanges because all share certificates have now been
      Reuter  -  97 words
    • Article
      Wearnes confident in holding its own
      744 11  -  By CHOO AI LENG WEARNE Brothers' operation in Malaysia as a dealer of Ford vehicles will not be affected by the recent sale of its Shah Alam assembly plant to Ford Motors Malaysia. Mr Teo Eng Guan, Wearnes' group general manager explained in an
      744 words
    • Article
      Chin Teck buoyed by higher palm oil prices
      567 11 PLANTATION company Chin Teck Plantations expects to achieve satisfactory profit for the current year ending Aug 31. 1981 in view of the recent recovery in palm oil prices. In the longer term (i.e. after August 1981), the company expects its profit to
      567 words
    • Article
      COMPANY MEETINGS
      207 11 SEA View H«*ei Limited: EOGM to be held at Sea View Hotel, Amber Close, Singapore 1543 on Jan 10, 1981 at 12 noon. VENNEB Predaets Limited: EOGM to be held at Suite 2716, 27th Floor, International Plaza, Anson Road, Singapore 0207 on Jan 10 at 10.30 am. ALUMINIUM
      207 words
    • Article
      Lock icon Necessary to diversify
      534 11 w HOCK LOCK SIEW WEARNE Brothers badly needs to diversify its operations to achieve steady growth in the long-term now that prospects of a continual improvement in earnings tram car sales are less promising in the face of steep competition from other groups. That the group has
      HOCK LOCK SIEW  -  534 words
    • Article
      COMPANY BRIEFS
      457 11 8TBAIT8 Tines Press (lftt) wiU hold an EGM immediately after its AGM on Jan X, 1981 to consider the increase in its authorised capital to 150 million by the creation of 400,000 management and 39.6 million ordinary shares of $1.00 each. The company also proposes to capitalise |6.96
      457 words
    • Article
      DIVIDENDS ANNOUNCED
      446 11 Carraat Ex Book* Data Total for Total for Payaeat Data Close Payable tka year Prarioaa year Alliad Cboc 4%TE Jan 10 Jan 24 Jan 30 4%TE 3%TE BcrjuUi 40% I Jan 9 Jan 19 Jan 30 40% 06% Bout* ad 10% I Dec 8 Dec 18 Jan 19
      446 words
    • Article
      SCRIP ISSUE
      270 11 Coapti; Particular* Ex Data Books CIom Alcoa API C*C H Lm*| lad Hotel Royal K Giu Flow M Pegi Mai* Perils Plaat Propoaad rights Issue of 2 for 1 SI TO per share Propoaad rights Issue of 1 fori 9 $1.00 par share Proposed bonus Issue of 1
      270 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      101 11 Bank of America shows more interest in your Fixed Deposits. Effective 6th January, 1981 12V 2 %p.a. for 1 month minimum deposit SSIO.OOO for 3 months minimum deposit 552.500 11*72% p-a. for 6 months minimum deposit 552,500 11%p.a. for 9 months minimum deposit 552,500 10 p.a. for 12 months minimum
      101 words
    • Advertisement
      Page 11 Advertisements Column 2
      123 11 Car ownership has its problems. 'SZ'WEARNES doesn't! We offer as near to perfect a service as you'll ever get! Because the only cars we rent out form part of our franchise range. Which means that every car rented from us is treated as if it's your car. Regularly serviced, maintained
      123 words
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  • Article
    Japan may have to play bigger role
    472 12 JAPAN may have to take a more active role to help maintain political stability in those areas which are of vital interest to it, Prime Minister Lee Kuan Yew said. Growing Soviet and later Chinese influence in the region must be balanced by
    472 words
  • Article
    Lock icon Asean wants US presence says Marcos
    295 12 UPI ASEAN does not wish to see Japan develop into a military power and needs US presence in the region, Philippine President Marcos told two visiting American Congressmen. A Philippine government announcement said Mr Marcos made the statement when Congressmen Stephen Solarz (DemocratNew York)
    UPI  -  295 words
  • Article
    Oil output down
    146 12 PRODUCTION from the Philippines' offshore oil wells fell to about 4,000 barrels a day late last year from 20,000 barrels in January. Energy Minister Geronimo Velasco says total 1960 production from the Nido offshore oil field, the first and only producing area in the Philippines, was 3.62
    146 words
  • Article
    Lock icon Suzuki reaffirms pledge of US$1b for industrial projects
    372 12 AFP UPI JAPANESE Prime Minister Zenko Suzuki has reaffirmed his country's commitment to implement its USJI billion aid programme for the five industrial projects of Asean. The Prime Minister repeated this pledge in an interview with the Far Eastern Economic Review prior
    AFP; UPI  -  372 words
  • Article
    LONDON STOCKS
    842 12 LONDON, Thurs. Share prices opened easier in quiet trading as jobbers marked prices lower in response to the sharp losses on Wall Street yesterday, dealers said. Industrial leaders were generally between 2p and 4p lower as in ICI, Glaxo, Unilever and Boots, though GEC was down 9p at
    842 words
  • Article
    Transfer of shares to bumiputras
    461 12 THE Malaysian Prime Minister, Mr Hussein Onn, is expected to announce today the transfer of government holdings in several business holdings to a national equity company called Permodalan Nasional Berhad (PNB). The transfer is a major step toward helping bumiputras (indigenous Malays) to acquire 30
    461 words
  • Article
    Lock icon Teheran Radio heaps scorn on tough policies of Reagan
    304 12 Reuter TEHERAN Radio heaped scorn yesterday on the "tough" policies of President-elect Ronald Reagan, who may well inherit the problem over rival proposals for reeing the 52 American hostages. As Iranian authorities prepared a response to the latest US suggestions, a
    Reuter  -  304 words
  • Article
    Lock icon China's industrial output rises
    273 12 AFP THE VALUE of China's industrial output came to 497.7 billion yuan last year, 8.4 per cent more than in 1979, according to a preliminary count announced by the State Statistics Bureau recently. The New China News Agency (NCNA) said the national electric power output was
    AFP  -  273 words
  • Article
    Lock icon Poland heading for new confrontation
    125 12 Reuter AS Poland's government and workers appeared headed (or a new confrontation yesterday, the Communist Party newspaper spoke of signs of anarchy in the country. In Gdansk delegates of the independent union Solidarity began a second session of talks on outstanding issues that threaten to
    Reuter  -  125 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      425 12 From our Porcelain Room Since 1918, the Kwok family has catered to the impeccable tastes of collectors in this region and the world over. Today, we offer a massive collection of over 4000 pieces representing almost all areas of Chinese artistry from the dynastic days of China to the early
      425 words
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      Page 12 Advertisements Column 2
      167 12 PREMISES ARE DIRTY... Simply because, till now, the airconditioning ducts have been inaccessible and impossible to clean. Installed dirty, they get progressively worse and become the ideal breeding ground for bacteria. Air passing through becomes contaminated and poses a health risk. Colds, coughs, sore throat, dry eyes, headaches, flu and
      167 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      57 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report for 24 htm prtor to 7J6 pun. m Juury Sittke airport. Maximum temperature» 30.3 Associated humidity 68 Minimum temperature 22.6 Associated humidity 96 Hours of sunshine 5.85 Rainfall in millimetres 2.3 Total rainfall for the month 11.4
      57 words
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  • SHIPPING TIMES
    • Article
      Lock icon Partial British strike planned for Monday
      237 13 Reuter PAY talks between Britain's merchant seaman and shipowners broke down last night and a union leader said a partial strike planned for Monday would go ahead. The stoppage, just short of a national strike for which a ballot would have to be held
      Reuter  -  237 words
    • Article
      Bintulu starts ro-ro service to E. Malaysia
      553 13  -  BY G DURAIRAJ A Sarawak-based coastal shipping company, which was set up last November, has joined a growing band of Malaysian shipping companies initiating new services under the year-old cabotage law. The wholly bumiputraowned company, Bintulu Contractors Sdn Bhd started its roll-on/roll-off service
      553 words
    • PORTSIDES
      • Article
        Pontoon removed
        152 13 THE barge pontoon at the Tanjong Berlayer public landing place will be removed for maintenance and repair on Jan 12 without any replacement. The Port of Singapore Authority said all passenger ferries are to call at the side of the existing pontoon while the other harbour craft will
        152 words
      • Article
        Lock icon Total loss in Kiellond
        62 13 Reuter NORWEGIAN insurance companies have concluded that the Alexander Kielland, the accommodation platform which capsized in the North Sea last March, should be regarded as a total loss. A spokesman for the Norwegian insurance pool said the board of the pool met on Wednesday and assessed
        Reuter  -  62 words
      • Article
        Lock icon Arzew resumes service
        47 13 Reuter OIL and gas exports from the Algerian port of Arzew, halted since the storms of Dec 27 and 28, resumed yesterday, Arzew industrial district director Mustapha Mekideche told Reuters. The Shell UK liquefied gas carrier Methane Princess was preparing to load, he added.
        Reuter  -  47 words
      • Article
        Lock icon Hongkong CAF cut
        40 13 Reuter THE Australian and New Zealand/Eastern Shipping Conference, East Asia Section said it reduced the Hongkong currency adjustment factor to Australia and Papua New Guinea to 14.52 per cent from 15.8 per cent from Jan 10. Reuter
        Reuter  -  40 words
    • Article
      INDEX TO ADVERTISERS
      647 13 oHpptai UH Page Gal AcHpetego vn s Adriatic IV 9 AAm VI 1 Afro-Euraate VI Alltraaa VI 9 Alp* VI s Aagkutan VI 4 Aagoaave vn 4 Katmlog vn 4 AM. Antoil I vm 1 4 APL m 4/3 4 1 4 jssr Amu Ocean IV m
      647 words
    • Article
      Container Schedules
      872 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping Gdn Mode of Name No. Time of Arrival Lines Operatn Date Time Korean Jacejln 7E 81.1 J0 1000 Optorg TA 3 TT Ever Humanity 61-12E 8.1.81 0800 Green Asia 49 TT Glory Ace
      872 words
    • Article
      LONDON FREIGHTS
      1500 14 RATES registered a rather irregular pattern on Wedensday for grain chartering out of North America with business from the US Gulf to west coast Mexico at U5535.25 for Jan showing a $2 advance, while the $49.75 fio agreed from the US Northern Range to Indonesia in Jan was
      1,500 words
    • Article, Illustration
      SOVIET MERCHANT FLEET
      157 15 THE Soviet merchant marine comprises a fleet of 1,748 ships with an aggregate deadweight of 18.6 million tons, said Mr Timofei Guzhenko, the Soviet Minister of Merchant Marine. This ranks the fleet as the sixth largest in the world in terms of deadweight capacity and the eighth
      157 words
    • Article
      Growing number of tanker accidents in port areas
      837 15 TANKER casualty statistics for 1979 revealed a marked increase in accidents, with more than one third of these occurring within port precincts. And according to Lloyd's Register, who produced the figures, a high proportion of this latter 33 per cent represented collisions
      837 words
    • Article, Illustration
      Lock icon Shipbuilding's 'go-go' years have ended
      715 15 Economist ABOUT 60 supertankers spent their Christmas in mothballs. Some are rurtng away, others are makeshift oilstorage tanks. Their (ate symboMses the end of shipbuilding's go-go years, when output reached a peak of 35 mHiWi gross registered tons (grt) In 1975, and the industry employed
      Economist  -  715 words
    • Article
      SHIPS IN PORT
      287 15 EXPECTED ARRIVALS TODAY KEPFEL WHARVES Chidambaram (Passenger) (1000 after Vicien) 44 Europa (Passenger) (1600 after Nedlloyd Hongkong) 1/2 Keiyo Maru (ro/ro) (1600 after Simba) 3/4 King Luck (after East Rainbow) 45 May Prince (shifts after Johneverett) 18 Pervomaysk (2300) 8/9 Perils (1000 after Kimanis) 21 East Soon
      287 words
    • Article
      SHIPPING LIST where your ships are due...and when
      867 19 BCHEDPLE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are published at a maximum of three weeks. PN
      867 words
    • Article, Illustration
      PEOPLE IN SHIPPING
      125 20 THE Selco Group has appointed Captain D Hancox as salvage and international towage manager and a director of Selco (Singapore) Pte Ltd. A former Selco senior salvage master, Captain Hancox, 38, returned to Australia in 1979 for personal reasons after nine years of service. He is one
      125 words
    • Article
      USL applies for US operating subsidy
      889 20 THE APPLICATION of United States Lines for operating subsidy on its North Atlantic and Pacific trade routes has raised a number of questions about the future of the company itself and the participation of the US flag in the routes concerned. For Malcolm Mac
      889 words
    • Article
      ORIENT EXCHANGE
      450 20 VESSELS Open: Inger M Danish Flag, built 1980 499 grt, 1300dwt *****0/90,000 grain/bale, 2Ha each 18.6X7.5M 2 winches/derricks, 12.5T 30 A/C, 10.5 on about 3 tonnes GO, Singapore Jan 12/15, seeking cargo any direction also time-charter. But prefer directions Europe or to US Gulf. (Advise if you have
      450 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      282 13 Scan Dutch V Fast and Regular Service To /From N.C.'/SCAN/W.MED./U.K. Singapore Tel *****1 Port Kelang Tel *****1. Kuala.Lumpur Tel ***** Penang Tel *****6 fc > L a i A CONTAINER Schedules II LONDON Freights 11/ffl SHIPS In Port HI SHIPPING List vn/vm REGIONAL Weather VIH ORIENT Exchange VIII .1 \R
      282 words
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      Page 13 Advertisements Column 2
      279 13 OSEALORDI3 18, UASC h UNITED ARAB SHIPPING CO SAG) MULTI EXPRESS -PURPOSE SERVICES ALFATEH V.21 S'port Loading for Accepting Bftjfcbjjft only Dubai (16/1). Uamman (18/1) Kuwait (20/1). Abu Dhabi (22/1) Accepting Bfealtbulk Only Kuwait U3/Z) Shuaiba (15/2) Dam man I (17/2) Doha (19/2) Abu Dhatx (21/2). Dubai (23/2) I J
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      Page 13 Advertisements Column 3
      364 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****1 Port Kelang Tel *****1 Kuala Lumpur Tel ***** Penang Tel *****6 MAERSK LINE IMPORT FULL CONTAINER SERVICES FROM: EABT CANADA, U-8. ATLANTIC, OULF. PACIFIC Wf 10/1 17/1 24/1 24/1 7/2 11/1 1»/1 25/1 25/1 1/2 wa
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      Page 14 Advertisements Column 1
      703 14 i Cawtawar Srnct Feeder *P Keiang Vessel B DAHLIA 11/1 N CRYSTV B PENAGA 18/1 JUTUNOU B DAHLIA »/l B PIMM B PENAGA 1/2 N DELFT B DAHLIA 8/2 MHON B PENAGA 15/2 SELANOtA B DAHLIA 22/2 B SUWA It tJWQt 1) MseiHes 3) H'bwg 4) Gburj 1) G burg
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      Page 14 Advertisements Column 2
      356 14 D» SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA+US ATLANTIC GULF AND E. CANADA PtUta* Ma limKl CM Mart W* OM tailM MM Ma It Mn ROM. HB W SaM 11/1 2S/2 V 3 l/J 7/1 V 3 11/3 12/3 13/3 14/3 21/3 2t/3 MB IMF *11/1 17-11/1 IV2 21/2 23/2 H/2
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      Page 15 Advertisements Column 1
      607 15 STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Overseas 1 B 1 Containers Limited Weekly service to/from UK/Europe trial Iraa ttm liHm S to. P Mn| Spot but Pa* lap** saw faM hM hM SM kM MR, US KeaMabar SaM Mri hM IM WM 12 Ma 14 Ma
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      Page 15 Advertisements Column 2
      278 15 Franco Be I gum Services i.i r«OT r mmi rtM caa MM kW aia 21 to HIM JW 771 a ala 14 Hk MM 17Hk aHk Ihk 1M aHk 22 Hk 23 Nk 2Mb IW 7Hk 24 Hk aHk 27 Hk (Mr UM 15 Hk 2Mb 4Mb Ski 12 Nn
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      Page 16 Advertisements Column 1
      677 16 Ui TO HMTH EKOft Osaka Bey TojonguHo Hapag-Uoyd I EXPORTS Mam/ Le Havre 26/2 1/3 3/3 23/2 2/3 2/3 1/3 S port PK Pen Brfbao Genoa H burj B'haneii Rdam Antwerp 29/1 31/1 3/2 4/3 25/2 14/3 12/3 9/3 7/3 22/2 24/2 25/3 19/3 5/4 3/4 30/3 28/3 TO UM/COHIW
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      Page 16 Advertisements Column 2
      502 16 KOREA 5 LINE HIPPING CORPN P. Ketanc PENANG STORE KGAISSW Sd SU hi Part FROM BUSAN BANGKOK VEGA 15CE Sid hi Part TO BUSAN ALT A* 159* 1115 Jan 11-11 Jan 19-23 Jan FROM BUSAN BANGKOK ALTAR lfiOE 11-15 Jan 16- It Jan 19-23 ian TO BUSAN KSC KSC KSC
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      Page 16 Advertisements Column 3
      547 16 EVERGREEN LINE FAR [AST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTWG CARGO FOR HAMBURG. FELIXSTOWE. ROTTERDAM, ANTWERP. IE HAVRE ALSO ACCEPTMG CARGO FOR; UNTTEP KHGOOM SOUTHAMPTON. LONOON MANCHESTER. OR—CHAM BRISTOL. LIVERPOOL. GLASGOW. LEEDS HOLLAND AMSTERDAM r pm M EnH 11/11 34/41 ent i*t 17/ti vm lm £wr Nctary 27/11 17/* Vtt
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      Page 16 Advertisements Column 4
      764 16 Everett Lines/" "BURMESE NATIONAL LINE" LOAUN6 FOR RANGOON B.F S.S.C Agmntt in Motoyua BOLTSTtAD SHPPtNG TO. NOS KL *****2/*****9 ■7 "ARGENTINE NATIONAL LINE" S>an 39/31 Jm 27/21 FA rramtmciM MWMM MmcMM S. A. "MEXICAN NATIONAL LINE" FAR EAST/MEXICO t (XHTML AMERICA SERVICE "«i TMM tlrough H t» Ladn(" 10MMC FOR
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      Page 16 Advertisements Column 5
      533 16 r THO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD SANKYO LINE AUSTRALIA SERVICE 11/11 Jrn 12/13 tm Id. SYD (MIL) 15/ li FA 17/11 FA STD, MEL. MKL JAPAN/STRAITS SERVICE avamsiM Kliß swra m"amSSnTanm* I. UM 18. *****4. *****1 ocean smrm store tel zmi44/7 MUL-S CONIMW P. KELANS TEL 4347. 873/4 EAST
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      Page 17 Advertisements Column 1
      495 17 L. PIL GROUP EAST AFRICA/REDSEA SERVICE Pakistan National Shipping Corpn. Karachi Pacific International Lines pte ltd (joint service* Malaysia Shipping Corpn. sdn bhd Pacific International Lines Pte Ltd 45 Market Street, Singapore 0104 Tel: *****1 (10 Lines) TELEX R*****5, ***** PSA Godown 10/11 Tel: *****27, *****08 Contact: Goh Chin Soon
      495 words
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      Page 17 Advertisements Column 2
      786 17 rpft BEN LINE CONTAINERS com MO SEMGE TO/FROM GUMK muK rrnvu bmm mm. soton rp« r.htatlfaM,/ AastnaAaMarp Frmct MUI M/l 12/1 1/2 V 2 1/2 4/2 1/2 a/1 a/1 12/2 14/2 IV? U/2 M/ 2 a/1 a/1 11/2 21/2 22/2 2V2 14/2 12/2 14/2 19/2 U/2 M/ 2 IV2 21/2
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      Page 17 Advertisements Column 3
      408 17 5 Scan Dutch V WEEKLY EXPRESS CONT SERVICE tn in in %n 1 9/2 iin 11/2 25/2 2/3 VJ 5/3 17 n 4/3 9/3 It/3 12/3 24/2 J 11/3 IC/3 17/3 IV3 UJI Cj*n IM KB. Bfl at at at at at MH/IU/1 mm at at at at at at
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      Page 17 Advertisements Column 4
      525 17 BOUSTEAD SHIPPING AGENCIES W BANK LINE FOR REUMON I SOUTH AFRICA SINGAPORE BT •to Kmmm 26/1 Durbon 3/2 Capetown 11/2 P» Hi* 9/2 (also accepting East London and Maputo cargo) Lykos/» Lines U.S. NEST COAST SERVICE SINGAPORE •to Reunion DHd hum SfO Lbck LESLf LYKES Std Std ASHLEY LYKES 13/1
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      Page 18 Advertisements Column 1
      721 18 K line KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINED SERVICES TO NORTH AMERICA TM99BCE4M IM C. MS 23* 14/1 e. mcenon un a/i mcatob 2i« »/i 1 MCEJN M 31/1 TO EUROPE P Ket*n LHewe IT dam tfburi Bremen A'acrp kMI a/I a/l 2/2 3/2 V 2 IC/1 J/2 4/2 9/2
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      Page 18 Advertisements Column 2
      329 18 CAUFORNU/PACfIC ROITV WEST SERVICE EXPRESS CONTAMEA/REEFER SERVICE im+t kr. ioi mma, m rmrmo, »nu. mem mamn. »x. •cophi KL/m CmMvi NEW ZEALAND SERVICE JAPAN SERVICE NONA SERVICE ems passmer/cjrro ana to mmmttmn. i "CWMMBAMM" ft* 141*.. "CHDARBARAN" Vtj 142* "CHDMBAMM" My. 143 OBWMWr 144} CHDMBAAMT fey 145... MHb t IMoetac
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      Page 18 Advertisements Column 3
      383 18 "7 ilMllip SINGAPORE SHIPPING AGENCIES PTE. LTD ftlxl LOOK it fA\ H' U 01'. c '""l T'%G 111 \f c > TfMVI\AI 'Mif| .1 "1 »S A H I At-SMIP ■•imifi 111 IIIMX Itcjiional L»iif;iiiicr I jui's WfcfcKLY CONTAINER SERVICE to/from BANGKOK wr rraioM) M lt/Il km 584/501 11/11 IV2*
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      Page 18 Advertisements Column 4
      405 18 KORINS MARITIME SERVICES "> 2 b.. 'CJ'ng v V <> c MIDDLE EAST/RED SEA/EUROPE SERVICES S\*l ICK I l\tS ne m t*< ot m« Sjmr Otkij at CC^WIPS LINER SERVICE FROM KOREA TAIWAN HONG KONG TO SINGAPORE MM KOOI *.74 IJM RAa, Sport 14 la Mia Uyundat' I nwrprise n.,
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      Page 18 Advertisements Column 5
      567 18 INTRASEA (PTE) LTD Pabe' House 23JE 9 Telephone ***** 11 2354C5' S'para P. KaMaj ***** 21 Ma 24 Ma BOMLOQE/YMM/ *****57 iasm (PIT) LTV 235X11 400(44 *****2. 400(74 M XMM, H ALP AC LINE ALPAC ASIA V.45 S port P KeUng Penang LaaMng tar f.45 Ul» 21 ha f itnon
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      Page 19 Advertisements Column 1
      598 19 TO EUROPE/UK (VIA SUEZ): TW BMDGE 4*..„ C. ROZE 23W K JACEWON UN MERCATOR 21N.. K. JACEJM IN 0. CHEF 23W N. JADE IN Also accepting cargo to/from Scandinavia +C. ROZE S pore Closing Times. FCL Cargo LCL Cargo FROM EUROPE (VIA SUEZ): 0. CHEF 22E N. CORAL 21E HK
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      Page 19 Advertisements Column 2
      320 19 EGYPTIAN INTERNATIONAL LINE lEIL) INTERNATIONAL LINE (EIL) EGYPTIAN FLAG (PORT SAID ALEXANDRIA) STORE FT. SUEZ PT SAO ALEXAMMA SPHMX U 1m 20 Fab FA 9 F*b 13 Cap BMk*t Phase Ptam *****43 MARTHAIM CAMOO PLEASE CONTACT SCMENKER SINGAPORE TIL M—7ll DIRECT LINER SERVICE FROM EGYPT SINGAPOKt L N SHIPPING RTF
      320 words
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      Page 19 Advertisements Column 3
      345 19 OCEAN LINES I REGULAR NOW CONFERENCE SERVICES HWTERRAItAII SEA SERVICE S pan t U«| Pmimi tor 13 tan Part Satf/Umnri/MtiMtoa nracui/B*M/Rit«ka OWED VESSELS SAGASIA PTE LTD. (LOUIS DREYFUS GROUP Of COMPANIES) 1* nnns (s iim) ma: b tm* sons t mm HO MMt 9M NO TQ MMll/S NUN IM TIM
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      Page 19 Advertisements Column 4
      453 19 f UNDERPRISE PTE LTD I I Suite 1205 Golden Mile Tower Beoch Rood Tel: *****88 J NVOCC Services Regular container FCL/LCL services to Australa Sydney, Metwurne, Adelaide. Brisbane, Fremantie Europe Al ports mdudng UK GARWARE SHIPPING CORPN. LTD. FOR MUSCAT. KUWAIT SMGAPORE PT KELANG RISHI VtSHWMfITRA 26/28 Jan 29/31 ian
      453 words
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      Page 20 Advertisements Column 1
      307 20 MALDIVE LINES ETA KUANTAN ETA PORT KELAN6 MALDIVE NEIGHBOUR 15/1 Loading For Dubai/Bahrain/ Dammam MALDIVE LOYALTY 11/1 8/1 Loading for Hodeidah MALDIVE SEAFARER 11/1 Loading for ieddah/Gizan MALDIVE PIONEER 12/1 Loading For Jeddah MALDIVE BffORTER 12/1 Loading For Male MALDIVE PROGRESS 16/1 Loading For Jeddah MALDIVE CREST 15/1 Loading For
      307 words
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      Page 20 Advertisements Column 2
      284 20 ft JOHORE SHIPPING LJr 161 lAIAN UNGKU BADAR PORT HUANG shangor maiaysia HAJ SHIPPING SDN. BERHAD i. Express Umtload Service from P. Ketang I East Malaysia Brunei PKIG loadmg for KK. SANDMAN KX. SANDMAN KK. SANDMAN MZCUN HASANUN V: 1/S1 11/1/S1 RIZCUN HASANUN V: 2/81 26/1/11 MZCUN HASANUN V: 3/tl
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      Page 20 Advertisements Column 3
      213 20 THAI YANG SHIPPING CO. SON. BHD. H.V. TMN TMK MV. INM TMK tor Hi FUb| Mff l/ll U/U I *0T 2/11 23/ M 1 NAM HUA SHIPPING SDN BHD W 9B MM MM IB J 1/tl MV SM IMM MM N> 3 2/11 •Ml»mmMM M) 1/11 MILLION SHIPPING SDN BHD
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      Page 20 Advertisements Column 4
      361 20 Ave you making full use off the Stripping Times as an effective selling medium? For further enquiries call: Shipping Times Tel: *****44, Extension 351 or 367 Tel: *****2 Ext. 38 or 39 Times Centre Financial Publications Sdn Bhd I, New Industrial Rood Singapore 1953. 31, Jalan Riong, KL 22-03 r
      361 words
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      Page 20 Advertisements Column 5
      234 20 SAUDI S LINE Express Conventional Service To Jeddoh, (Gizon, Yenbo) StM PK PTsK M.V. SAUDI SUN V. 1/81 11 JAN (Saudi f\H) M.V. SAUDt STAR V.2/81 15 FEB 17 FEB (SmA Fl*) M.V. SAU(X TRADER V.3/81 12 MAR 15 MAR (SM* Ftac) (Veo«h tmmmsMt Banckok) Gen Agents Malaysia (K L
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      139 20 ,-v. f'< I > V /< «fc •L Ifi SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.90 A.M. THIS MORNING. LEGEND: R Thunderstorm Shower Rain Cloudy Sky Temperature Weather °C aWind direction with speed in knots Cloudy Sky < Wtve hrt ht Bsrfaee wM are Mfcated by arrows which fly with
      139 words