The Business Times, 22 January 1981

Total Pages: 20
1 20 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 THURSDAY, JANUARY 22,1981 60 CENTS
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  • BRIEFLY...
    • 59 1 UPI KUALA LUMPUR, Wed. Share speculators spread rumours that Malaysian Prime Minister Datuk Hussein Onn died of a heart attack today but were unable to depress the market as intended. Stock exchange sources said the market eased slightly as a result of 'overboard' buying during the past
      UPI  -  59 words
    • 58 1 AFP BANGKOK, Wed. Former US ambassador to Singapore, John Holdridge, will take over from Richard Holbrooke as Assistant Secretary of State for East Asian and Pacific affairs under the Reagan administration, the Nation newspaper said here today. The newspaper quoted US Embassy sources here as saying that an
      AFP  -  58 words
    • 68 1 Reuter ISLAMABAD, Wed. The alliance of Afghan guerillas formed a year ago under pressure from the Islamic Conference organisation, split today when three of the five groups announcd they were withdrawing their support from its leader, Abdul Rasoul Sayaf. A spokesman for the breakaway parties said they
      Reuter  -  68 words
    • 59 1 Reuter BRUSSELS, Wed.— European Economic Community governments said today the release of the US hostages opened the way for the lifting of trade sanctions imposed last May against Iran. In a statement drawn up by their foreign ministers yesterday and officially released today, the 10 EEC nations
      Reuter  -  59 words
    • 78 1 AP TOKYO, Wed. Japan's current account deficit reached a record US$lO.B billion last year, compared with the previous record deficit of $8.8 billion in 1979, the Finance Ministry announced today. In a preliminary report, the ministry said that both exports and imports in 1980 rose 25 per cent
      AP  -  78 words
    • 55 1 AFP HONGKONG, Wed. A new tourism tax of 5 per cent is now being levied in the Portuguese province of Macau. Portuguese tourism sources here said today the tax was expected to raise four million patacas annually which would go into a tourism fund administered by the Department
      AFP  -  55 words
    • 62 1 AFP JAKARTA, Wed. President Suharto today instructed his ministers to take steps to prevent the current floods sweeping vast farmlands in Indonesia from upsetting food production targeted at 20.7 million tonnes this year. Mr Suharto also emphasised the need for measures to offset the damage done to an estimated
      AFP  -  62 words
    • 36 1 MANILA, Wed. The Philippine political opposition is planning to put up a newspaper and a radio network as a way of testing the guarantees of press freedom after the lifting of martial law.
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  • 129 1 Rises Indices Malakoff 600 100 Jan 20 Jan 21 Bata 420 97 B.T.Indicator: *****.*****91.77 Tronoh Mines 1900 70 Ind us trials: 707.68 704.75 Berjuntai 1370 70 Finance: 1352.42 1352.69 Ming Court D Keramat C K Tang 535 1850 470 55 50 50 Hotels: Properties: 829.06 831.01 650.07
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  • Article, Illustration
    143 1 Rises Indices Malakoff 600 Tronoh 2020 Castlefield 2550 Berjuntai 1420 A Hitam (T) ***** M Tobacco 665 M F Mults 282 Falls +60 +50 50 40 +40 +30 17 B.T.Index: Industrials: Finance: Hotels: Properties: Tins: Snibbers: Jan 20 Jan 21 *****.*****55.08 870.84 871.20 1334.67 1327.57 412.37 411.68 779.09
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  • 643 1  -  TRIAL ORDERS FOR CHINA By RONNIE LIM TRIAL ORDERS of engine components for agricultural machines and truck components have just been placed with two Chinese plants by multinational corporations involved in the co-production projects of Singapore and China. This testing phase of the two Chinese plants
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  • 250 1 SINGAPORE will be the centre of the Engineering Export Promotion Council (EEPC) of India's activities to sell engineering goods and services to the Asean region. Engineering goods have emerged as the top foreign exchange earner in India with an export value of US$l.25 billion. The
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  • 424 1  -  Byl HSUNG BEE HWA THE DEPARTMENT of Trade and the Economic Development Board will organise a technical trade mission to the United States in September. The objective of the trip is to help small local companies secure sub-con-tracts from multi-national corporations in the United States.
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  • 464 1  -  By SALMA KHALIK SINGAPORE Airlines has accused the Australian government of throwing out a "red herring" in order to whitewash its recent actions against the airline. The SIA spokesman was referring to the Australian government's latest move to crack down on the illegal discounting of air fares
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  • 239 1 THE LOCAL Mlar yesterday amd to aa ailttac Hgh level agatost tkeUSdellar. Far Ike first flat date ins, whea Siagapere adapted the ftoattog rate aystom, tke I» dellar drepped ketow tke IM level agatost tke leeal Dealer* said aa everalgkt deettae la Federal
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  • 415 1  -  By LILLIAN CHEW AN ENTIRELY new complex costing $160 million will be built in the Eighties to meet the needs of the Nanyang Technological Institute (NTI). The Minister for Education and vice-chancellor of the National University of Singapore (NUS), Dr Tony Tan, has
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  • 37 1 SINGAPORE Glass yesterday donated $10,000 to the Ministry of Education Fund to mark the opening of its new factory in Jurong. The money is expected to be used to purchase micro-computers for use by students.
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  • Page 1 Advertisements
    • 14 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah)
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    • 47 1 'GlO Emblem of Distinction The aristocratic Caran d'Ache collection of slim-line lighter and pen. Embellished in gold or sterling silver. From the master craftsmen of Geneva. CARAN d ACHE GENEVE Available at leading department stores. It) Jebsen&Jessen 10th Floor Supreme House Penung Road Singapore 0983 Tel: *****61
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    • 43 1 |(@`}>;}*:>~'}.\/,"!}_:{~;>*:~~ SHIPPING TIMES VIETNAM Nt at Sasaki HAW Par UNFREEZING M Iraaiaa aaieta may deprea UBs STOCKBROKER rwa DBSihani RPiMt pue «f fatufag JUDGEMENT aa appeal CROSSWORD I, TV AND RADIO t, WHERE TO WINE AND DINE t SHARE INFORMATION M, COMPANY NEWS 11
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    • 410 1 ]{\?)@[_*~}^&~:<\!}'".(|'}*".{$ The ASEAN Report Update Published by The Asiaa Wall Street Journal The ASEAN Report gave businessmen for the first time a key which opens the door to doing business with the countries within ASEAN Indonesia, Malaysia, the Philippines, Singapore and Thailand. The ASEAN region is one of the fastest
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  • REGIONAL
    • 679 2 ARRIVALS Service Local Operator Number Time Froa PAA PA005 0030 JEK/SFO/HKG MAS MH601 0630 KUL SIA SQ101 005 KUL MAS MH606 0830 KUL MAS MH621 0835 PEN RBA ***** 0830 BWN MAS MH671 0830 PEN/KUL SIA SQ211 1000 HLP SIA SQ103 1000 KUL CPA CX710 1006 HLP
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    • 572 2 UPI VIETNAM reacted angrily yesterday to Japanese Prime Minister Zenko Suzuki's renewed call (or the immediate withdrawal of Vietnamese troops from Kampuchea and his support (or Asean's stand on the issue. An official Radio Hanoi broadcast said: "Prime Minister Suzuki has shown
      UPI  -  572 words
    • 260 2 AFP A HIGH level ministerial meeting between Japan and Australia opened In Tokyo yesterday to discuss Japan's access to Australian coal and natural resources. Amid the global surge toward coal as an alternative energy source, the meeting is expected to pave the way for Japan's increased purchases
      AFP  -  260 words
    • 278 2 AP AFP TOP Japanese officials will visit the United States over the next few months to establish relations with the Reagan Administration, culminating in a possible summit between Prime Minister Zenko Suzuki and President Reagan. Tokyo sources said Mr Saburo Okita, the
      AP; AFP  -  278 words
    • 421 2 AFP Reuter KAMPUCHEA'S ousted Khmer Rouge regime yesterday warned against what it called a possible Russianbacked move to seat the rival Heng Samrin regime at next month's non-aligned foreign ministers' conference in New Delhi. The guerillas' Chinabased radio, monitored in Bangkok, said countries should
      AFP; Reuter  -  421 words
    • 132 2 Reuter JAPAN plans to double its Official Development Assistance (ODA) over the next five years to help developing countries. Government sources in Tokyo said Japan will increase the aid to more than USSZI.4 billion during the period to 1985, compared with an estimated $10.7
      Reuter  -  132 words
    • 314 2 AP A SENIOR Soviet diplomat in Moscow summoned Japanese Ambassador TokJchiro Uomoto to the foreign ministry on Tuesday afternoon and accused Japan of "antiSoviet and unfriendly" actions linked to Japan's territorial grievances against Moscow, Japanese officials reported. Soviet news agency Tass said the
      AP  -  314 words
    • 177 2 UPI NISSAN Motor, maker of Datsua motor vehicles, has made a new overture to Volkswagen for Joint car production, proposing to manufacture several thousand units of the popular German motorcar beginning next year, company officials said yesterday. Nissan president Takashi Ishihara told the officials on
      UPI  -  177 words
  • Page 2 Advertisements
    • 227 2 National's Economy Package: Five to six welding machines for the cost of one. mf;. r V* u i >' Habocxai > V*2 1 K. .:1; t%* t4 TIG CUT 300 (Model: YC-305TC). The economies of six kinds of welding methods including plasma cutting from one machine. A choice of AC
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    • 313 2 Properties for sale WESTERN AUSTRALIA Perth Western Australia is poised to become the glamour state in the exciting 80's with many exciting mineral development projects under way. Call or write NOW for a copy of our pictorial real estate magazine, REALOCATE, direct or to our affiliate agent through South East
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  • OVERSEAS
    • 589 3 US-IRAN SETTLEMENT NYT WHILE the details of the economic agreement between the United States and Iran have yet to be made public, it appears that US businesses with claims against Iran are not in as good a position as the banks with outstanding loans to
      NYT  -  589 words
    • 152 3 Reuter A SENIOR British Trade Department team will go to Moscow next week in a bid to strengthen trading ties with the Soviet Union. Department officials said the team will discuss resumption of ministerial contacts under the Anglo-Sovi-et Joint Commission, formed in 1971
      Reuter  -  152 words
    • 479 3 UPI PRESIDENT Sadat of Egypt said his country will go to the defence of Sudan if it is attacked by Libya. He told a political rally that Libya's military intervention in Chad last year and the proposed merger between the two threatens Sudan. He
      UPI  -  479 words
    • 190 3 AP WESTERN industrialised «nations must modify their "conviction that beating Inflation is their most pressling task, former British yrime Minister James «Callaghan said. "The real need is for the industrial nations to place Jnore emphasis on other such as higher •economic growth and more 'jobs," he
      AP  -  190 words
    • 100 3 Reuter BRITISH Defence Minister John Nott has announced a series of cuts in defence spending but said the country's military spending was still likely to rise beyond the 3 per cent increase called for by the Nato allies. Mr Nott told Parliament there would be cuts of
      Reuter  -  100 words
    • 369 3 AP ON HIS first day in office President Reagan received an offer of cooperation from President Brezhnev of the Soviet Union and a brief sermon on US-China relations from Prime Minister Zhao Ziyang of China. President Brezhnev, in his congratulatory message said: "I am confident that the
      AP; UPI photo  -  369 words
    • WORLD IN BRIEF
      • 366 3 Agencies ISRAEL has signed a US$2 billion agreement to sell arms and ammunition to China, a Kuwaiti newspaper reported yesterday. It said the agreement was signed on July 12 last year in Beijing. The newspaper said that besides conventional weapons, China is interested in Israel's new
        Agencies  -  366 words
    • 442 3 UPI Reuter SAUDI Arabian Foreign Minister Prince Saud A 1 Faisal spoke out against the use of oil as a weapon in the Arab and Islamic effort to "liberate Palestine" and other Arab lands occupied by Israel. Speaking at a news
      UPI; Reuter  -  442 words
    • 314 3 Reuter THE POLISH government faced continued defiance from the Solidarity union yesterday as workers prepared to stay home from work on Jan 24, the year's second designated working Saturday. The 10-million strong Solidarity trade union on Tuesday night charged that the government had failed to
      Reuter  -  314 words
  • Page 3 Advertisements
    • 36 3 BUSINESS OPPORTUNITIES Profitable New Projects. Quick and High Returns. Working Papers Financial Projections Available Upon Request. Write To Box 9617, Malay Mail, 31, Jalan Riong, Kuala Lumpur 01-02. Tmite Cuisine ala Kashmir (mat JrHdvywn ivi: mum
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    • 108 3 %> NEW INSTRUMENT PANEL: Designed to be as attractive as any passenger car's interior. Highly functional. And simply beautiful. 1 9 9 •m 3^ V !> 4 Station Wagon: ARF $16 Blind Van Pick-Up PERFORMANCE UPGRADED: The engine torque has been increased by almost 10% for improved acceleration and power.
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  • RAW MATERIALS
    • 186 4 INDIA'S State Trading Corporation (STC) is seeking government clearance for the import of an unspecified quantity of natural rubber by the end of the current season (April-March). The proposed imports will be in addition to 5,100 tonnes already purchased in Malaysia and Singapore this season,
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    • 189 4 WHEAT futures in Chicago on Tuesday closed up cent a bushel to down IV4 cents. Prices settled near the middle to high side of an 8 l A cent range. Aggressive buying by the International Wire house, estimated at 2.5 million bushels of March, in relatively thin dealings rallied
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    • 208 4 SOYBEAN futures in Chicago on Tuesday finished eight cents a bushel higher in old crop to down 2V4 cents in new crop. Most contracts settled near the top of a 14 Vi cent range. Sympathetic local shortcovering in response to the soymeal advance rallied old crop contracts back to
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    • 217 4 THE Singapore market closed weaker with February One RSS buyers quoted at 284.50 cents per kilo, down 1.50 cents from Tuesday's close, dealers said. Prices weakened 0.50 cents during the morning's trading on lack of follow through support after a firmer opening and some long liquidation, they said. The
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    • 307 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 283.2 284.25N Int. 1 R.S.S. February 285.50 286.00 Int. 1 R.S.S. March 289.00 289.50 Int. 2 R.S.S. 269.50 270JON UK/Cont 268.50 269.50N Int. 3 R.S.S. 266 50 267 50N UK/Cont 265.50 266.50N
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    • 120 4 NOON SSR u id SMR prices yesterday RAS SSR 20 SSR SO MRKLB (1-tOf i pallet) I pallet) Ftbrun (Curreat Mtk) Bayers Sailer* 246 50 247.SON 243.00 244.00N March (Forward MUI Buyer* Sella re 248 00 2SO.OON 244 50 246 50N SMRCV SMRL SMR 5 SMR CP
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    • 78 4 THE STRAITS tin price la Penang yesterday recovered M cents te M 531.55 a kite, still wtthla the Ifttenifttießftl Tin Agreement's middle range price sf $91.11 te $32.74, deftlers said. The recovery was u adjustment te the lew el the last few days aad wns ftlse snpperted by
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    • 34 4 Rubber: Jan 21 Singapore: February: 284.50 cents (down 1.50 cents) Malayaia: February: 304.50 cents (down 0.75 cent) Tin: M 930.55 per kilo (up 30 cents) Official offering: 171 tonnes (down 111 tonnes)
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    • 123 4 Reuter THE CHICAGO Board of Trade's (CBT) newly-elected chairman's top priority is to win government approval to trade futures contracts in Eurodollars, a stock portfolio index and beating oil. Leslie Rosenthal, who will assume the office on Monday, believes those three contracts would be the most
      Reuter  -  123 words
    • 175 4 CHINESE Preface Exekta|e, aagapsre, rl—leg price* per IN kg yesterday. Cm—t ail: Bulk fob $129.00 sellers, old drum (la second band drum) fob $139.00 sellers, new drum fob $145 00 sellers. Cspta: Mixed (looee) $79.00 buyers. Peeper: Muntok white pepper fob Asta NLW $435.00 seUers, Sarawak white pepper
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    • 194 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa yara: China Blue Phoenix 20s 2,040; 32s 2,730, 40b 2,900 (per bale of 400 lbs). Pteee gsets: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 332 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.17, 100 per cent second class 0.97, 100 per cent third class 0.96, 25 per cent new crop no stock, B-10 per cent 0.85. THAI BROKEN: A-super 0.77, Special 0.75.
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    • 956 4 COFFEE: Robusta futures yesterday finished a quiet morning session showing fractional gains from Tuesday of £4 to £7 a tonne on sales of 416 lots including seven options. During the session prices held to a narrow trading range of around £3, dealers said. There were no fresh features
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    • 111 4 THE Kuala Lumpur market firmed in line with higher overnight Rotterdam levels and covering mainly in the south, dealers said. Trading was moderate. January and February gained Mss each to $1,000 a tonne in the southern region. The refined market saw some light interest on Pakistan enquiries. C.I.F.
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  • ASIAN STOCKS
    • 509 4 TOKYO SHARE prices yesterday rose sharply in fairly active buying by foreign investors, such as European pension funds, with the market average adding 25.35 to a new record high 7,315.33 compared with the previous record 7,296.06 on Jan 19, dealers said. Trading was active with volume
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    • 342 4 Source: THE market choked out of its recent bout of indecisiveness yesterday as the local market echoed the Dow Jones by taking a sharp dip. The market opened strong, but suffered heavy selling pressure almost immediately. The index was off two points by II and the drop accelerated from
      Source:  -  342 words
    • 254 4 STOCKS continued to ease yesterday to new ISBI lows following the decline on Wall Street and further falls in key metal prices, dealers said. JAN 21 On Is INDUSTRIALS A 1 215 -1 A K 1 325 »5 A P M 220 -4 Ampol Pet. 171 1 B H
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    • 271 4 STOCK prices yesterday closed higher across the board in quiet trading, dealers said. Saha Union rose three haht to 196, Bangkok Bank two to 296, First Trust, Mah Boonkrong Drying and Silo and Jalaprathan Cement one each to 59.50, 191 and 113 baht respectively. JAN 21 Bahts Asia Credit.
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    • 141 4 THE market yesterday closed lower as most issues eased and turnover slipped to 2.8 million from 3.7 million pesos, dealers said. Anglo Phil and Oriental B closed stronger and among losers were Marinduque B, Ist Phil Holdings and Ran Miguel B. JAN 21 Pesos. Acojf Mining 0062 unch Atlas
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    • 51 4 FINANCIAL TIME8 INDUSTRIALS Tuesday 458.6 Monday 453.6 Week Ago 447.4 DOW JONES AVERAGE INDUSTRIALS Tuesday 860 68 Monday 970.99 Week Ago 986.10 H.K.HANG SENG Wednesday 1546.06 Tuesday 1501.06 Week Ago 1580.83 AUSTRALIAN INDUSTRIALS Wednesday 663.6 Tuesday 864.5 Week Ago 081.1 ALL ORDINARIES Wednesday 682.0 Tuesday 006.7 Week Ago
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  • Page 4 Advertisements
    • 150 4 A GOOD YEAR Everyone knows that the economy performed reasonably well last year but our Trends section goes one up and declares 1980 an outstanding year for Singapore. Find out why in the January issue of Singapore Business. Other major articles include: Air Couriers: The Vital Link Timber: Branching Out
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  • TRADE AND INDUSTRY
    • 320 5  -  By SALMA KHALIK AN economic delegation from the Canadian province of British Columbia will be in Singapore next month. To be lead by the province's Premier William Bennett, the delegation will arrive on Feb 18 for a two-day visit. The members hope to meet
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    • 133 5 A LOCAL tour company, Sunkee, has bought two Isuzu monoeoque coaches costing about $250,000 each from Motor and Leasing which introduced the coaches in Singapore last month. Sunkee is thus ahead of another tour company, Siakson Tours, in using such coaches. Siakson will operate monoeoque coaches
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    • 159 5 A TOTAL of 171 bargainable editorial employees of the Straits Times group will receive the second-tier of the 1980 NWC wage increase. The second-tier increase of 4 per cent will be based on the employee's salary on June 30,1980. The increase, which will
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    • 261 5 THE Board of Commissioners of Currency is releasing three coin issues on Monday to usher in the Chinese New Year. They are the 1981 uncirculated coin set, the 1981 uncirculated $10 nickel coin and 1981 uncirculated $50 silver coin. All the coins are
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    • 225 5 MANAGEMENTS of electronics factories at the free trade zone in the Malaysian state of Penang said they can look after their staff without help from trade unions. A number of factory managements said they are giving their workers better teems and conditions of employment than those in
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    • 273 5 SEMINARS AND COURSES Jan 17,24,31: Cost and Management Accounting Principles and Practice, Waterloo Centre, Personnel St Organization Development Jan 19-24: First Regional Workshop for the Asean Development Education Project, Regional Language Centre, Vocational Institute Training Board Jan 19-Mar 9: Financial Accounting, Bukit Timah Campus (Nissen Hut 9B), Department
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    • 362 5 HEWLETT Packard will hold four half-day seminars, 'Computers in Industry', today and tomorrow. A total of 800 managers, executives and government officials are expected to attend the seminars. The aim of the seminars is to emphasise Uie importance of compuffrs in a modern industrialised society such as Singapore.
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    • 131 5 THE Singapore Carl Duisberg Association will hold its first annual general meeting on Saturday. The association, formed in September last year, is opened to all Singaporeans who have benefited from the foundation of Carl DuisbergGesellschaft in Cologne. About 800 Singaporeans are known to
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    • 128 5 STANDARD prices of tobacco leaves sold by Malaysian tobacco growers or processors to Malaysian cigarette companies have been raised. The increase is the result of recommendations made by a committee set up in 1978 by the Malaysian National Tobacco Board to review the prices of tobacco. The
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  • Page 5 Advertisements
    • 121 5 To dine at Shangri-La's Tiara is to explore some of the finest cuisines in the world. Vis •:es. I *•*>< fi *V I2J >. < Ar.V jsfk r. -> >Sf. V r* ct. r f I* %L f rrYf Vi*i i' 1 v tw ti I i .1 i M
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  • 401 6 THE TREND is gathering momentum. In a series of activities and announcements in recent weeks, the Economic Development Board has given clear indication of at least one new path it will tread through the 80s. This is the path that will see the EDB wandering
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  • 192 6 TT IS always pleasing to be complimented so Singaporean bankers would have been extremely pleased at the fullsome praise heaped on them yesterday by the chairman of Midland Bank. Particular pleasure must be derived from his and other people's openly stated view that in time Singapore
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  • 1331 6  -  SATELLITE BUSINESS COMMUNICATIONS IN EUROPE A satellite service linking points throughout the Continent and the British Isles is expected to operate from late-1983. The service will be able to handle any type pf communications that can be sent in digital form, from telephone conversations through telex,
    FT  -  1,331 words
  • 691 6  -  FORUM with 1 WILLIAM BORDERS NYT THE FACT that Rupert Murdoch is considering making a bid to buy the Times of London has aroused a growing controversy in Britain. Although negotiations for the sale of the financially-troubled newspaper are proceeding in secret, it is known
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  • Page 6 Advertisements
    • 340 6 ACQUIRE COMMERCIAL and PROFESSIONAL QUALIFICATIONS through (gjjiEE Correspondence College LONDON Pitmans the oldest correspondence college in UK has since its foundation in 1840 been guiding, tutoring and leading students from all over the world to commercial and professional qualifications that have opened doors to successful careers. You too can now
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  • Page 6 Miscellaneous
    • 689 6 TWO-IH-OHE CROSSWORD CRYPTIC PUZZLE ACROSS 3 See a girl to have quality (5) 8 He makes us cry (5) 10 The ones wrapped in a sheet! (5) 11 His name means nothing in the navy (3) 12 Cut one way all the time (5) 13 Men of force, nominally (7)
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    • 838 6 ITiVf&VUHI'roi The story of three GIs START the alght's vlewlag BmI It year cap «f tea, yee fer MM ekUdrea. New, aa with the ImUe Kermit, eu thea switch te Chanel yeaag iMh, they tell hi Bawlf, Fmxy hear. Gum, Eyes sf Jeve" (Part leve bat the bttad Jeaay Seeeter
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  • 923 7  -  Sally Aw Sian's planned Sing Tao daily is initially intended to have four pages of local news (Sydney and Australian) and 12 pages of overseas news. But is there a future for a Chinese-language newspaper in Sydney? By FLORENCE CHONG HAW PAR heiress Sally
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  • 805 7  -  By ANDREW MALCOLM NYT. BUSINESSMEN in Vancouver on Canada's west coast have always talked about doing business with "the East". Nowadays, more often than not, that means the Far East. As Canada's gateway to the rapidly expanding group of countries around the Pacific
    NYT.  -  805 words
  • 318 7 THIS column has had much play with oddly worded invitation cards in the past. You would think that people would learn to be more careful about such things. But some people never learn, I guess. Like the Australian High Commission with its invitation to a concert
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  • Page 7 Advertisements
    • 176 7 4 4? <> ■f a r fg A *S* S^s?^ >• c $5 /A// m N V jr Subscribe to Business Times no* and gel 41 issues free Subscribe to Business Times directly and save $25 (It's like getting 41 issues free) Here's a great opportunity for you to join
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 273 8 JAN 20 Frs CORBEILLE Air-Liquide 485 50 -4.5 B S N Gervais Ifctnone 1030 18 C S F (ThomsonCsf) 398 31 Cie Krancai.se des Pet roles 223 50 -1.3 Compagnie Financier** Compagnie Generale 370 6 Credit Foncier De France 400 -5 Hachette (Librairie) 375 4 Machines Bull 57 50
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      • 91 8 JAN 20 Frs FORWARD MARKET Acer Arbed Astur Bra-scan Bra-Lamb Canpar Cock De Beers Ebes Eleclrobel Gb-Inno-Bm Gev Hobok Petro Ryl Dutch Sidro Soc Gen Belg Sofina Solvay A Tanks U Min V Mont 280 1196 420 970 950 170 303 1625 3100 2010 1300 2550 5090 3095 1150
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      • 223 8 JAN 20 Um Aeg-Telefunken Akzo Allz Leben 71 00 15 60 1050 00 unch -0 1 unch Ailz Vers 460 00 -3 BASK 122.30 -0 2 Bay H T Wbank Bay Vbank 293 00 1 Bayer 109 60 -0.5 BBC 263 00B BMW 150 00B Cassella 314 00 14
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      • 206 8 JAN JO KIs ABN 275 00 •3 Ahold 70 50 -1.5 Ak/n 1700 -02 AMKV 92 00 -0.5 Anitas 116 00 unch AM 'bnk 57 50 -08 IMPH 1700 -02 Brrk 50 00 Hoi* 56 25 -015 Borsumij 205 20 0.2 Hurhitiann 57 60 Hyrnkorf 38 00 unch <
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      • 186 8 JAN 20 Francs Actions Suuaes Alusuisse Br Alusuisse Reg Brown Boven Br Ciba Geigy Br Clba Geigy p c 297 1120 440 1435 900 750 *1 -15 1 -5 -S -30 Clba Cingy Reg Credit Suisse Br Credit Suisse Reg Elektrowatt Br US 2730 466 2S50 -5 -40 •3
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      • 99 8 JAN 20 Lire Anic Assoc On -411 Buslogi Cenlrale Kiat M<1 ***** 2180 -15 120 -16 Kinsider Gen I in mob in Pri 18.75 2M« 4490 12J -2 •ISO Ilalcementi ***** 1799 50 unch -25 5 Ilalsider ***** -•5 Magneli M Pf Marelli Ere Mediob Miralanza 650 425 *****
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      • 210 8 JAN 20 CS Abitibi 23 4 Alcan 39 Algol n a 39 Bank Mont 32 Bank Nova Scotia 33 Bell Tel 19 Beth Corp m BP Can Ltd 39 Bra scan 35 Camp Red Lake 63 -IS Can Imp Bk 28 Canpac 40 Canpar Inv Pi 20 unch Carling
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      • 310 8 JAN 20 Rand INDUSTRIALS A Alpha 400 -IS Abercoin 310 -5 AE And CI 81S -5 A MIC 2525 -25 Barlows 1040 -5 Cf Sugar CNA I MOB 10 Curne Finance 225 -5 IV Beers Ind ***** Edcon 6506 unch Edgars 8700S unch Evereudy Fed Volk "1. ASb -5
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  • Page 8 Advertisements
    • 219 8 Getaway to Sentosa mr*w M Costs only HALF AS MUCH if you're residing in Singapore It's easy. lust 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 Apollo Sentosa Reservation Centre Tel: *****1
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    • 133 8 Where to wine, dine and entertain !rff Mbertutf (Srill For lunch. For dinner. For a richly rewarding experience. Businessmen's Lunch Monday to PYiday $19.50 10' < service charge 3'/ cess Javanese Rijstafel Saturday Sunday SlT.f>o 10'/ service charge 3', cess For reservations call 737%77 A V*) C t'liliiiv I 'nrk
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    • 181 8 See Page 4 for Asian stocks and Page 9 for NYSE prices The Great Family Do-lt-\bursetf Barbecue. 'I p > A J' V M'lj K r qey- your weapons. V E-Wry Friday and V rv I, i.i,. gii roots** at tne lust choose what you want and barbecue it Meat
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    • 164 8 OGGGQ Inn Of Happiness Now open at the Hilton Dine Dine Cantonese style. Siechuan 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. MM HttVON INTERNATIONAb
      164 words
    • 186 8 H ft w C 1 The Dragon Palace Restaurant is where you can dine in regal splendour and dance to the mellow sounds of yesteryear with "The Zodiac". Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy twosome 1 a Cockpit Hrtri Oxley
      186 words

  • BANKING AND FINANCE
    • 560 9 Reuter THE UNFREEZING of Iran's assets could depress the American dollar on foreign exchange markets as Iran is likely to convert its dollars into other currencies. But foreign exchanjge dealers believe financial markets will adjust easily to the unblocking of the assets. Although
      Reuter  -  560 words
    • 360 9 COMMERCIAL bankers, foreign exchange dealers and industry reacted critically to the Bank of Sweden's credit squeeze package, which included a two-point increase in the discount rate to an unprecedented 12 per cent. Dealers said the package will contribute little to reduce excessive currency outflows from Sweden
      360 words
    • 185 9 Reuter THE TRANSFER of foods to Iraa could create dlstortloas la US books' reserve positteas, but the banks probably have aatidpatod the traasaetieo. The New York Federal Reserve Baak vice-president David Wlliey, asked at a press coafereace whether the Fed would he mare toieraat thaa usual
      Reuter  -  185 words
    • 43 9 CITICORP'S consumer leading aperatioas were unprofitable in lttt, largely because of usury ceilings In some states. Earnings far the foarth quarter nad the whale year were adversely affected by the high level nad Instability of Interest rates, which reduced net margins.
      43 words
    • 320 9 IMMI —mil n m «f 4uk T«U ntM OBJ K*M) ft \mm ta* Bat (M M raft* triduh) MTmt MM MUIIM 1*4 C#mm 1 Chase Manhattan (3) 872.1 531.4 340.7 20 16 3 1 3.096.8 2 Citicorp (1) 738.5 619.4 119.1 17 13 1 3 1.868
      320 words
    • 258 9 THE TOP LEAD manager of syndicated loans in the Asia-Pacific region last year was Chase Manhattan Bank, with credits worth U*****.1 million, according to the Asian Banking, a Hongkong-based financial journal. Citicorp came second with 1738.5 million and Lloyds Bank International took third place
      258 words
    • 499 9  -  By LEE YOKE MENG SINGAPORE has every possibility of becoming a leading loans syndication centre in Asia. With increasing expertise, comparatively favourable tax rates on loan bookings and an encouraging attitude from the Monetary Authority of Singapore, there is no reason why the
      499 words
    • MONEY AND EXCHANGE$
      • 449 9 THE US dollar continued its downward trend in the Singapore market today. Dealers attributed this to the settlement of the hostage crisis and continued worries as to what the Iranians will do with the unfrozen assets worth US$lO billion. Against the Singapore dollar, The US dollar reached a
        449 words
      • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 14.5 per cent.
        22 words
      • 188 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Jan 21: US Doll«r»(Spotl Offer Bid 7 days 19H 19'i 1 month 18 7/16 185/16 2 months 18 5/16 18 3/16 3 months 17 10/16 17 13/16 0 months 17 16 H 9 months 16 15'« 12 months 1511/16
        188 words
      • 42 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $80 million 91-day Treasury bills to be issued from Jan 26 to 29. Each tender must not be for less than $250,000.
        42 words
      • 102 9 THE US dollar rose slightly against major currencies in active late trading after being marked down yesterday morning, dealers said. The dollar recovered on profit-taking and early European buying after falling yesterday morning in response to the sharp fall in the US Federal funds rate on Tuesday. The Hongkong
        102 words
      • 162 9 THE dollar eased in early active trading yesterday, closely following easier Eurodollar interest rates and a sharp decline on Tuesday in the Fed funds rate. The US currency opened at 1.9960/70 marks, later easing to 1.9883/93, against a late Hong kong 1.9850/55 and a New York close of 1.9910/20.
        162 words
      • 47 9 RANGE of prices offered by discount houses on Jan 21: Overnight: 1V»% Call deposits: to TV.% Clmiu Bnyiaf SeUiaf 3-month Treasury bills 0 15/16 S13/18 3-month Bank bills 14 13H 3 months CD 12 9/16 12 7/16 6 months CD 121/16 1115/16 Source: National Discount Co
        47 words
      • 46 9 FRANKFURT exchanges closing quotes on Jan 21: US *****/75 Stg 4.830/840 Can —1.8753/72 D F1 91.95/92.05 S Fr —109.90/110.10 Lit 2.100/106 F FY 43.20/26 DKr- unq N Kr 38.10/1« B Fr (con) unq B Fr (fin) 6.198/208 Yen 0.9980/9900 (Unquoted rates due to technical problems)
        46 words
      • 997 9 THE NEW YORK stock market on Tuesday was caught in a downdraft circulating around release of the American hostages and the inauguration of President Reagan and suffered its worst fall in more than five weeks in moderate trading. The Dow Jones industrial average dropped 20
        997 words
      • 146 9 THE dollar for overnight delivery yesterday closed at 199.85 yen, compared with a 199.70 opening here, a 200.00/15 close in New York and 201.55 close here on Tuesday, dealers said. Trading was moderate, with volume US$BB6 million. The Bank of Japan bought an estimated $200 million to support the
        146 words
      • 255 9 SINGAPORE gold futures (99,99 fine per ounce) yesterday closed with: prompt U*****.50/575.50 settlement Jan U*****.50/575.50 574.50 Feb U*****.00/90 577.50 Apl U*****.30 595.00 595.00 June U*****.20/610.00 610.00 Aug U*****.00/625.00 623.50 Oct U*****.00/636 00 634.50 Trading was light throughout the day with total sales and turnover for kerbs at 189 lots.
        255 words
      • 40 9 Tie* Mm New York 15 35B 15 10B 15 65S 15 40S Zurich 15.20B 15.00B 15 SOS 15.40S Wed Tm Singapore 1S40B 15 00B 15 80S 15.40S Closing prices in US dollars a troy ounce. Source: Credit, S`pore
        40 words
  • Page 9 Advertisements
    • 35 9 Charming Garden Special Beef. 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 Inn s,n 9 a p° rell29 Te *****49.*****22
      35 words
    • 93 9 Leader, Page y' Higher rates of interest for your deposits at Chase Manhattan Bank Fixed Deposits Rates ef'ective January 7 Subiect to chanae without notice All deposits are renewed automatically upon maturity, covering both principal and interest, for same tenor, at the interest rates prevailing at the time of renewal
      93 words

  • 2035 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Allied Choc (1.505)
    2,035 words
  • 168 10 MBtfwiiiwTinr WMONTMHI (Mimill' prteae tar tea B) The Commerce 141 3 66 Union Spore Fund BVJMQ) 138 1.44 The Savings Fund 108 118 INCOME BOND UNIT S pore Prof Fund 151 158 (Cwrwt ft leas) S pore Sec Fund 137 138 Income Bond 1.35 1.42 S pore Invest
    168 words
  • 2785 10 Gr"« Gr*s Net 1980/1981 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 372 245 Ac ma 338 15.0 2.8 4.4 133 300 220 Alcom 300 12.0 2.5 4.0 17.0 155 116 Allied Choc 151xd
    2,785 words
  • 2090 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 1,000 units, unless otherwise specified INDUSTRIAL* 4*aeaae«* (3.08B) Una (2J4S) (1) 180 (2) 2.81 (5) 2.82 Ales
    2,090 words
  • 713 10 THE Stagtpwt stock market m eaight la a dewsdraft m the spillever effect frem a depressed Bssgksng market yesterday triggered a late sftorsess selling beat. Ito estosy's market taak a brsttsg ef 44.1 palate eff the Haag Seag ladex wklek cleeed at Seme kearlak
    713 words
  • 602 10 THE Kuala Lumpur stock market closed mixed to slightly easier yesterday as profit-takers moved in after a steadier morning session. In the wave of selling that followed, prices were driven significantly lower in the afternoon until some support emerged towards the close. This managed to
    602 words

  • COMPANY NEWS
    • 443 11  -  By KOH TSE YING BRITISH and Malayan Trustees (BMT) has done far better than its directors had forecast at half-time. Owing to greatly improved earnings during the second-half of the year, pretax profit for the full year to June 1960 posted a 55 per
      443 words
    • 112 11 THE sale of one of its •hip* has given Keppel Shipyard a htaiitme profit •f $1M million after deducting all charges. Keppel informed the Stseh Exchange ef Singapsre yesterday that Kepsala Shipping Pte tally owned by eae d its whotly•wned subsidiaries, Kepmount Shipping Pte re-
      112 words
    • 90 11 Reuter DUNLOP Holdings said it has held exploratory talks with the European Coal and Steel Community on prospects for setting up a new manufacturing unit in the UK with ECSC assistance. But in response to an inquiry, a company spokesman said a decision on set- ting up a
      Reuter  -  90 words
    • 982 11 By THE CITY STAFF HONGKONG-based stockbroking firm WI Carr, Sons and Company (Overseas), in its latest investment letter, has made a strong buy recommendation for shares of Development Bank of Singapore (DBS). However, when the recommendation was made, DBS shares stood at only around $7.00. The
      By THE CITY STAFF  -  982 words
    • 713 11 ALTHOUGH four Malaysian hanks have indicated a willingness to finance the purchase of units available for bumiputras from the national unit trust, only Bank Bumiputra Bhd has so far set out its terms. Others Malayan Banking Bhd, United Asian Bank Bhd
      713 words
    • 351 11 Curat Ex Baaka Date Tatal far Tatal far Paymeat Date Claae PayaMe tke year Prevteaa year Allied Chae 4%TE Jan 19 Jan 24 Jan 30 4%TE 3%TE Ayer Malek 30%(f) Jan 30 Feb 15 Feb 26 30%(f) 25%<g) Berjaatal 40%I Jan 5 Jan 15 Jan 30 40% 85%
      351 words
    • 281 11 Ceepeey PartteaJars Ex Date Beaks < AkSMD API C AC H Lesaglad H«M Bayal K Otu mv Mag—i Carpa MBuktag PegiMrta Perils Ptaat Batmaa Hydraalle Saajwlai SEAL la, ST PIUS DmPiI YHS(N) Proposed rights issue o(l for 4 (2.80 per share Proposed rights issue of 2 for 1
      281 words
    • In Hongkong...
      • 125 11 Reuter THE Hongkong Stock Exchanges Unification Ordinance will come into effect on Feb 1, the Securities Commission announced. Notice will be given of changes in the government gazette on Jan 30. Under the ordinance only memebers and associate members of one of the four existing exchanges will be
        Reuter  -  125 words
    • 585 11 by HOCK LOCK SIEW IT IS sometimes Mid that a stock market thrives on rumours. Rumours of takeovers, bonus and rights issues, new acquisitions, property revaluations, and other corporate developments likely to have a significant effect on a company are all too often heard. Based on past observation,
      by HOCK LOCK SIEW  -  585 words
    • 173 11 MALAYAN Breweries: Forty-seventh AGM to be held at OCBC Centre (19th Floor), Singapore 0104, on Jan 22,1981 at 11am. a WEABNES Brothers Limited: 66th AGM to be held at 19th Floor, OCBC Centre, Chulia Street, Singapore 0104, on Jan 23, 1981 at 11am. KHONG Oaaa Flsar Mllllag Limited:
      173 words
  • Page 11 Advertisements
    • 194 11 AN INVALUABLE GUIDE to the banking, finance and insurance community A ,-v £5* k Lv :.VV-- »v m*; —t v «.i: y 5-4 r- p? r <«K r —2Sw^ J «;r~ -v>Stataw ■If.. •V./TSW." ti War Ph 1; T^iSk; T ne *S *Ns "V ffk 2&-» 3. v «s <■
      194 words

  • 615 12 Reuter THE 52 Americans held prisoner by Iranian revolutionaries for more than 14 months had their first real taste of freedom yesterday after a 11,000 km flight from Teheran. Looking tired, but friighing and waving, they trooped off two US Air Force hospital planes that
    Reuter; AP photo  -  615 words
  • 182 12 A COMPANY director, Victor Oh Che Siu, lost his appeal against a forfeiture order yesterday. He had stood bail of $100,000 for his father, Oh Choon Woo, who absconded while under police investigation. The Chief Justice, Mr Wee Chong Jin, ruled that even
    182 words
  • 347 12 THE FEDERAL Court of Malaysia yesterday reserved judgement on an appeal by former Selangor Chief Minister Datuk Harun Idris against the refusal of his application for release from the prison where he is serving terms for forgery and corruption. Datuk Harun, 55, once one of
    347 words
  • 812 12 LONDON, Wed. The stock market moved higher in active trading today. At 3 pm, the Financial Times index was up 4.1 points at 426.7. Trust House Forte was a Arm feature after figures, adding 13p to 196, and this prompted demand for breweries. Bass, Distillers, Grand Met and
    812 words
  • 252 12 A SECOND Japanese delegation from the Ministry of International Trade and Industry will be in Singapore in mid-February to carry out a detailed study of the effects on the environment of siting a coalfired power station off Singapore. The Public Utilities Board is currently
    252 words
  • 423 12  -  BRISK PACE CONTINUES By AGNES WEE THE BRISK pace of building continued last year, Judging from the steady rise in the number of developments which were granted planning approval by the Ministry of National Development. During the third quarter of 1900, the ministry granted
    423 words
  • 469 12 THE Singapore Air Transport Workers Union (Satu) is prepared to petition the High Court for recognition .of a newly-elected branch committee. The Registrar of Trade Unions has refused to register the new committee of Satu's Singapore Airlines/Singapore Air Terminal Services branch elected in May.
    469 words
  • 348 12 Reuter THE OUTLAWED Communist Party of Malaya (CPM) claimed in a broadcast that Musa Ahmad, the communist leader who surrendered in November last year to Malaysian authorities, was in fact dismissed as chairman of the party in 1968. The Voice of the Malayan Revolution, based in China,
    Reuter  -  348 words
  • 89 12 AP NEW YORK, Wed. The stock market was lower this morning in the wake of its biggest inaugural day decline in decades. The Dow Jones industrial average of 30 industrial stocks fell 1.02 points to 949.66 in the first hour, while losers outnumbered gainers more than 2
    AP  -  89 words
  • Page 12 Advertisements
    • 77 12 i Rent one! Pay a minimal rental fee and get the pick of our Volvo fleet on a daily or yearly basis. Benefit from: A choice of brand new. air-conditioned models e Unlimited mileage e Free maintenance/ replacement car e Free road-tax. radio licence and insurance premium Cars maintained by
      77 words
    • 70 12 MEZ Electric Motors (Czechoslavakia) Mez electric motors well-established in Europe Middle East, Thailand and Indonesia are now available in Singapore among best quality products made in Europe most competitive prices over 3,000 units (0-5 Hp to 100 Hp available ex-stock) full spare parts and service support V r sole Agent/Stockist:
      70 words
  • Page 12 Miscellaneous
    • 60 12 -WEAT;HER= Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report for 24 hears prior to U pan. on January 21 at the airport. Maximum temperature 30.9 Associated humidity 59 Minimum temperature 22.1 Associated humidity 91 Hours of sunshine 8.00 Rainfall in millimetres nil Total rainfall for
      60 words

  • SHIPPING TIMES
    • 301 13 SHIPOWNERS face dearer bills for drydocking in West European yards after 10 years in which prices have been kept relatively stable. The price increase policy has been agreed by members of the Association of West European Shipbuilders following a far reaching analysis of
      301 words
    • 645 13  -  By JAN LEE EIGHT member lines of the Japan Hongkong/ South Africa Shipping Conference Jahosascon) are organising a consortium to provide a full container ship service on the Far East/South Africa route from December this year. The member lines are Cie Maritime des
      645 words
    • PORTSIDES
      • 78 13 Reuter HARBOUR pilots in Sydney have ended industrial action which prevented ships using coal loaders at Newcastle, New South Wales, a spokesman for their trade union, the Maritime Service Guild, said. The decision also ends the pilots' refusal to move vessels drawing more than 13.6 metres in
        Reuter  -  78 words
      • 33 13 Reuter THE Indian government has sanctioned 390 million rupees, for developing container facilities at Bombay, Madras and Cochin ports, Indian Shipping and Transport Minister Veerendra Patil said. Reuter
        Reuter  -  33 words
      • 62 13 AFP LA CIOTAT shipyard near Marseilles has appeared heading for paralysis due to strike action by foremen and workers. Full strikes and one-hour daily stoppages are being staged in support of a one-month year-end bonus, doubling of another bonus and the takingon of workers currently classified as
        AFP  -  62 words
      • 36 13 Reuter THE Australia Northbound Shipping Conference said it will raise the bunker surcharge applicable to the Philippines, Hongkong and Taiwan route to 21.42 per cent from 18.96 per cent, effective Jan 24. Reuter
        Reuter  -  36 words
    • 659 13 Skipping Lime P»fe C*l Shippiag Uae P»*e Achipelego Adriatic Afea Afro-Eurasia All trans Alpac Angkutan Angonave ANL AntoU APL Argentine ASCL Asia Merchant Bait-Orient Bangladesh Bank Line BBS Ben Line Ben Ocean Ben Asia Benbulk Bintulu Blue Diamond Blue Funnel Blue Star Burmese CAVN-FMG CCNI Ceylon Shpg
      659 words
    • 918 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 Fourcroy B 19.1.81 0200 Malay States 50 vc Jutlandia 492 20.1.81 2300 Ned-EAC 49 TT A1 Wattyah 11 20.1.81 0700 Sealord
      918 words
    • 1544 14 BROKERS reported fairly active time-charter business on Tuesday on an otherwise rather dull freight market with continued Chinese business evident. A 28,000 tonner was arranged with delivery Tampa for a voyage to China at US|lO,OOO daily, and a 16,000 tonner was secured with delivery China for a trans-Pacific
      1,544 words
    • 562 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Centaur (Passenger) (1200 after Chai Varee) 8/9 Foochow (1600 Subject Free Board after Yuheng) 25/26 Jenson II (0700) 22 Luna Marina (0700) 28 Pulawy (after A 1 Khalidiah) 13/14 Putra Jaya (Tanker) (0600 P/O Subject gas free) 16 Patricia (after Siena Draft
      562 words
    • 282 15 THE discharge sf the first balk ore carriers to be handled to the Part ef Lm4m Authority's (PLA) enclesed docks for many yean was saecessfnlly completed earlier this week. Two vessels carrying cargaes which weald normally have gone to the specialist Samuel Williams facility
      282 words
    • 543 15 AFP PIRATES are once more roaming about the Caribbean but with a difference from the 15th and 16th century filibusters. For these modern pirates are not seeking or fighting over gold, spices or slaves. They are stealing small boats, then repainting and camouflaging them so that
      AFP  -  543 words
    • 1151 15 Fairplay A NEW harbour is coming up on the east China coast not far from Ningbo, with facilities to take large vessels that will carry Brazilian or Australian ores for the Baoshan Steel Complex now under construction near Shanghai The main structures of a
      Fairplay  -  1,151 words
    • 2418 19 SCHEDULE The list 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 Ship
      2,418 words
    • 350 20 EUROPE-AraMaa GnU: The Middle East continues to provide potential opportunities for the small operators offering conventional tonnage despite the increasing domination of the large container carriers. One of the latest new entrants is the Greek Kapa Line which has initiated an independent service from Antwerp and Hamburg to
      350 words
    • 735 20 The above report is contributed by the Singapore National Shippers' Council. ALGERIA Oran Early January. Port closed due to heavy damage caused by a severe storm on Dec 28. Algiers Jan 6, approximately 200 vessels waiting in the roads. ANGOLA Lobito/Luanda Jan 10, serious berthing delays for wheat
      The above report is contributed by the Singapore National Shippers' Council.  -  735 words
    • 686 20 THE Far Eastern Freight Conference has failed to win back from the giant Ford Motor Co the TEU traffic it lost last year to Taiwanbased liner outsider Evergreen Line. The new contract with Ford has been made on a sealed tender basis and Evergreen has
      686 words
  • Page 13 Advertisements
    • 339 13 HEUN6-A SHIPPING KOREA FLAG VSLS Regular Liner Semi-Container Service To: P.Ketanc/Kedunt/Busan/lnchon Fm: Busan/H.Konj/Banfkok Tel S'pore: *****11 P.K. *****4, Ml *****5 K.L. *****0 CONTAINER Schedules LONDON Freights SHIPS In Port SHIPPING List REGIONAL Weather JAR DIM AN I AH Orient Overseas Co*dci*teA Line FULLY CONTMNEMSCD SERVICE TO EUROPE (VIA SUEZ) I
      339 words
    • 252 13 USEALORDU m UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES o i Loading for Kuwait (1/4) Shuaiba (4/4) Dammam (7/4) Abu Dhabi (10/4) Ooha (13/4) Dubai (16/4) FULLY CONTAINERISED SERVICE I Iraq cargo acceptable intransit Loading for Dubai (8/2), Kuwait (9/2), Dammam (12/2). Mina Qaboos (14/2), Abu Dhabi (16/2),
      252 words
    • 888 13 I 4. cnan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS i fc Agents; I I J UMMCIFIC TIMS ft TMOIM A6ENCY FTL ITI. Tel: *****4 (5 lines) SINGAPORE MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS rt Kelang Penang Sated 24-25/1
      888 words

  • Page 14 Advertisements
    • 867 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Prow Euraw Mm Acccptnt Far 1) Barcelona Genoa. 2) Amsterdam. Antwerp. I Havre. Bilbao. Basle. UK. 3) Bremen. Bremenhaven. Aartius Copenhagen, Helsinki 4)
      867 words
    • 356 14 SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA+US ATLANTIC GULF AND E. CANADA PI Mm ftb I frKW I CM Dm Onbi Inn N York IhtM kta. St M. TSTOK CU Nm M Chin 25-24/1 Tin 4/3 4/3 2-3/2 Wi 4/4 C/ 4 7/4 17-11/2 17/3 22/3 24/3 B'Mrt N Tat NartA
      356 words

  • Page 15 Advertisements
    • 505 15 Overseas BB B B Containers Vmm Limited Weekly service to/from UK/Europe COWTAfOSHT SERVICE TO UK/CONTVOT: S'par* P.Kafanf Lwarpaal Bit Tikao [qno UFA Eiprtu 25 FA 27 FA hi 41b CONTAROSHF SERVICE FROM UK/COWTIPCT: H'tmrj Breni IT tan le Hxnt S'ton P KeUnj S pore Nut ftrtc tan Mm faM bM
      505 words
    • 505 15 •Tg Franco Belgian Services (Fur Fast French >ernce with Behjxan Far Ensterr. I mes ACE CONSORTIUM wy. comtambshp struct fhom quote 14FA IS FA 19 FA K Feb 22 FA CONTABEK UFA 19 FA 23 FA 24 FA 2t FA CHM CONTAMI R'dam HW| Bftanen A warp It Havre Plata*
      505 words

  • Page 16 Advertisements
    • 790 16 Ui TO NORTH EUROPE Hapag-Lloyd TO ftEDtTERRMCA Che.afcf Dt Hon Npponca Hakata Maru TO NORTH EUROPE TW HK 22/1 24/1 21/1 29/11 31/1 2/21 S pore PK I Peo Bilbao Genoa H'burg B haven Rdam Antwerp R,edetstem In Pod 25/1 17/2 5/3 3/3 28/2 26/2 Bortan Rickmers 3/2 1/3 17/3
      790 words
    • 473 16 X KOREA SH C 'Z° 4> c n an i J mil oj fj Ij —1 ni—» fjj ijiajJ Alqerian National Line Agents SuO flqents UNIPACIFIC TRANS 4 TRADING ORIENTAL SHIPPING CORPN AGENCY PTE LTD *1 T e > JPOO'fe 487b44 Tel *****4 lb :.nes i SINGAPORE PENANGTe b 1085
      473 words
    • 593 16 ©EVERGREEN LINE PAR [AST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTMG CARGO FOR HAMBURG FELIXSTOWE. ROTTERDAM, ANTWERP IE HAVRE ALSO ACCEPTMG CARGO FOR UNITED KMGOOM SOUTHAMPTON. LONDON MANCHESTER. BIRMMGHAM BRISTOL, LIVERPOOL GLASGOW. LEEDS WEST GERMANY MfMCftHAVtk HOLLAND AMSTERDAM 5 port ltd Ha«o*| *otterd»i Fetiitowe Antwerp Lt Havre Lmt (Actor? 24/01 17/02
      593 words
    • 957 16 m B«nni Frvt Star Shipping Corpn. f S IHk "BURMESE NATIONAL LINE" I LOADING FOR RANGOON S P»« P Keiang Penang H! AKT ARTYHA PAGAN MM NOS KL *****2/*****9 l">! Ihwitwi llwcirtnUl S. A. C.I. F. "ARGENTINE NATIONAL LINE" UMOM6 FOR DURBAN MONTEWDEO MOOS MIES s ONCAGUA 2/3 Fab TORtt
      957 words
    • 770 16 OMatai mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. Wl SANKYO LINE AUSTRALIA SERVICE Singapore 22/23 Feb P Kelang 24/25 Feb Lbadng for: SYD. MEL. ADEL JAPAN/STRAITS SERVICE SMGAPOM 111 Z*****4/7 t *****70 R LUMPUR TEL U4M4 4M7M COKTMO BOOKMG OCEAN SWUNG STORE TEL ******4/7 HU.AIS CONTARCR P KELANG TEL (347. *973/4
      770 words

  • Page 17 Advertisements
    • 798 17 L. PIL GROUP EAST AFRICA/REDSEA SERVICE a COLOMBO/KARACHI/P. GULF SERVICE KOTA BAKT) 30/2 Fab Colombo, Karachi, Dubai, Kuwait SINGAPORE/CHITTAGONG/RANGOON/SERVICES KOTA BUANA. Singapore 28/30 Jan Loading For Chittagong, Madra SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES SINGAPORE/INDONESIA/SINGAPORE SERVICES KOTA PERWIRA 6/9 Fab JAKARTA KOTA SINGA KOTAPAHLAWAN S/11 Fab CIREBON KOTA JADE KOTA BINTANG 1/3 Fab
      798 words
    • 806 17 i BENLINE CONTAINERS EXPRESS CONTNNER SERVICE TO/FROM EUROPE MOM EUROPE H'BURG BHAVEN RDAM HAVW SOI ON fc( Germany < Austria Benetui France Ml* PKetang Sport Far Urn Urn W bM faM Safe** W HW *,T*( bM Safe*d Satid SaO*d Safe* 2t/l N/1 TW. BU. HK SaOtd J/2 IfN. BU SjM
      806 words
    • 708 17 r i *v,il 1 41 V I 4\ P> 4 Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE TO MFD/UIC/NC/SCAN S l»r« 11 >M sottes?)R dam 3)H'bw|4)G Dwi V rf I t 1) Barcelona Genoa lafhor» 2) Aarslerdem Antwerp le Havre. Bdbao. Bask. Stoa (OPT) Liverpool. U.ft. Cnury KUntfs Brant*. Bre«*rhe«en.
      708 words
    • 556 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNION SOUTH AFRICA SHIRRA BANK SINGAPORE 30/3 eta Reunion 11/4 Durbon 16/4 Capetown 23/4 P* Eli* 21/4 (also accepting East London and Maputo cargo) Lukes/o Linos U.S. WEST COAST SERVICE Duett tiom SfO Lbch SPORI ASHLEY LYKES 13/1 10/1 19/2 BRMTON LYKES 2/2 30/1
      556 words

  • Page 18 Advertisements
    • 879 18 5 K LINE KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA Carpet aba acceptable far Oak Land Vancouver. Portland, Houston Gahestan. New Orteai Boston. St tan. PMadepbia. Norfafc. Battmorc Savannah. lackvmv#e TO EUROPE S pore P Kelang I Havre R'dam H'burg Bremen A oerp KRCATOR 21W 25/1 K
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    • 623 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE ItH-. lor LOS ANGELES. SAN FRANCISCO. SEATTLE. TACOMA VANCOUVER B C A«ceptnf FCL/FCI Cantawan P Kelarn Smjapore I Anfeles "A VESSEL J AUSTRALIA EXPRESS CONTAMER SERVICE Accapttat FCL/FCI CwUwan NEW ZEALAND SERVICE *i fcr mom. LTmnoN. klukto*. maut Fa/Fa CaMaMn JAPAN SERVICE P
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    • 590 18 S S/\(»IM»Hp SINGAPORE SHIPPING AGENCIES PTE. LTD 20TH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 13 LINESI GENERAL *****1 '14 LINES TERMINAL OFFICE *****83 TELEX RS ***** RS ***** A B CARSHIP CABLE CARGOSMIP |PM|HI H||| Liyi' l Container Lilies WEEKLY CONTAINER SERVICE to/from BANGKOK STORE (IW) BANGKOK (Sm) 20/27
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    • 656 18 KORINS MARITIME SERVICES"" Room 601 ICB Building. Shenton Way. Singapore Tel: *****22 A *****67 MIDDLE EAST/RED SEA/EUROPE SERVICES P. KELANG LOAOMG FOR: 14/ IS fab MM 12/14 Feb MM/lMa/r. SMan ICk LINES A fnemßc a< m« Samtk Group ot Compares UNER SERVICE FROM KOREA T AM/AN HONG KONG TO SINGAPORE
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    • 666 18 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****1V*****57 REGULAR MHPOKNT SERVICE TO EUROPE ALKYONA N8100... NOR ASIA RBIO3 S port P. Kiim( Ptrunf Loadtaf tar. bt Port Sated BOULOGNE/RTIAM/ UK(AVON) 21 Fob 3 Mar -*> Mt: SMfaport MTRASEA (PTE) LTD *****11 BOOKMG *****57 K Lmpw YEO
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  • Page 19 Advertisements
    • 475 19 TO EUROPE/UK (VIA SUEZ): Spore MERCATOR 21W+ 25/1 K. JACEJH 8* 30/1 0. CHEF23W 3/2 N. JADE Iff 6/2 HK CONTAfCR 24W 12/2 C. CONTAMER 10W 18/2 S.S. BRDGE 30W |24/2 Containers Feedered to/from F'stowe Also accepting cargo to/from Scandinavia MERCATOR S pore Closing Times: FCL Cargo LCI Cargo FROM
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    • 97 19 L —I TRUCONTAINER EXPRESS INTERNATIONAL (S) PTE LTD Suites 1311/1312. Shaw Towers. Beach Rd. Singapore 0718 Rogutar Conttinor Service I accepting FCL/tCL Cargo for Austrafia All Ports New Zealand Auckland, Lyttleton Sri Lanka —Colombo United Kingdom —All Major City Terminals. Call *****81. SWETIAN SINGAPORE (PTE) LTD Bookinr Tel *****9/*****9/*****7 TELEX:
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    • 424 19 MALDIVE LINES ETA ETA ETA STORE KUANTAN PORT KELANG MALDIVE NEIGHBOUR 7/2 Loading For Dubai/Bahrain/ Damnum MALDIVE LOYALTY In Port Loading tor Hodeidah MALDIVE AMBASSADOR In Port Loading for Dubai/Bahrein MALDIVE PIOfCER 5/2 Loading For ieddah MALDIVE MPORTER 15/2 Loading For Male MALDIVE PROGRESS 30/1 Loading For Jeddah MALDIVE CREST
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    • 149 19 SINSOV SINGAPORE SOVIET SHYING CO PRIVATE LTD SINSOV BULDMG 55, Market Street Singapore 0104 Telephone Numbers *****3 (10 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANG POUNG M/S SHARK AT WAH SOON SDN. BHD IST AND 2ND FLOOR. MESSRS HAI THONG SHPPMG 23
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  • Page 20 Advertisements
    • 476 20 A ANTOLL LINES Direct B Ls to Adelaide Melbourne Sydney Brisbane Independent FCL Container Conventional Liner Service ANTOLL VESSELS SAIL DIRECT FROM STRAITS FORTS TO AUSTRALIA Of IN SHm«C PTE LTD 1401 5 Ro6*ia Housr Shenton Wj» Seaport 0106 111 RS ***** Te4 *****11 B*p *****43 *****23 #ftST MALAYSIA H.S
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    • 384 20 f I PRACHT LW (MALAYSIA) Pracht SDN. BHD. REGULAR INDEPENDENT CONSOLIDATION TOITHEIFOLLOWING PORTS:VESSELS ETA PORT KELANG LOADING FOR 23/1. 4/2 Colombo. Bombay. Karachi 21/1. 23/1. 28/1. Hong Kong Taiwan. Manila. 31/1. 1/2, 6/2. 9/7 Jakarta. Tokyo. Yokohama 11/2'. 18/2 Kobe. 31/1. 11/2 UK. Europe FOR BOOKINGS ENQUIRIES FCL ft LCI
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    • 278 20 THAI YANG SHIPPING CO SDN. BHD. m THM TME U* IMi VMS to Platan Dnb *0T 1/11 11/24 tt* MM WT2/I1 14/15 FM Mi NAM HUA SHIPPING SDN BHD Ml SB MM MM NO 3 1/11 W MM MM M> 3 2/11 'MIMIMMMM MO 4 2/11 'MV9IMMMM NO 4 3/11
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    • 60 20 TOKO UNE M.V. "CAMPBOk" V II Arrived IM-U at j«rH( Part Consignees ot all damaged carSon ex the above captioned vessel are notified that the General Survey will be held <* Friday. 23rd January. 1981 at Jurong Port Godown No 1 from 10.00 am to 1.00 pm No further survey
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  • Page 20 Miscellaneous
    • 165 20 Regional Weather n *4 K 01 K A x, 05 *E til >< SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Shower Rain Cloody Sky Sarfaee wtofc are I Temperature Weather C crWind direction with speed in knots Wave height Sarfaee winds are Indicated by
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