The Business Times, 29 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 THURSDAY, JANUARY 21,1181 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Posters welcome Lee
      49 1 Reuter COLOMBO, Wed. Large posters welcoming Singapore's Prime Minister, Lee Kuan Yew to Sri Lanka appeared today on the streets here and in provincial towns. One of the posters by an influential organisation of Buddhist monks read: "The entire nation welcomes you with warm friendship." Reuter
      Reuter  -  49 words
    • Article
      Visitors up 13pc
      61 1 THE number of visitors to Singapore in November grew by 13.1 per cent over November 1979. The bulk of them, 39.3 per cent, was from the Asean countries. While the growth rate from the region was a healthy 13.4 per cent, it was far outstripped by arrivals
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    • Article
      Lock icon Indochinese proposal
      85 1 AP BANGKOK, Wed. The foreign ministers of the three Indochinese countries, meeting in Ho Chi Minh City, proposed a regional conference between themselves and Asean to discuss peace and stability in South-east Asia. The proposal, obtained by an unofficial translation from a Vietnamese radio broadcast monitored here, suggests
      AP  -  85 words
    • Article
      Lock icon Call to end confrontation
      73 1 UPI WARSAW, Wed. The Polish government called for an end to confrontation and Solidarity leaders traversed the nation in a desperate effort to mediate wildcat strikes in hundreds of factories and rural regions on the second day of the most massive work stoppage since last summer's
      UPI  -  73 words
    • Article
      Lock icon Lower British commitment
      75 1 AFP KUALA LUMPUR, Wed. Britain would continue to participate in the Five Power Defence Arrangement for the Malaysia-Singapore area, but on a reduced scale than before, the British Minister of State for Defence, Lord Trenchard said today. He said the reason for this lower British commitment is
      AFP  -  75 words
    • Article
      Lock icon US commanders' safety
      67 1 Reuter WASHINGTON, Wed. The US Defence Department plans to spend $1.7 billion in the next three years to enable America's military commanders to survive a Soviet nuclear attack and fight back. Officials said there is growing concern about the ability of commanders, including the president, to survive
      Reuter  -  67 words
    • Article
      Lock icon Iraq ready to return land
      54 1 Reuter TAIF, SAUDI ARABIA, Wed. President Saddam Hussein of Iraq told the third Islamic summit here that he is ready to return land occupied in the war with Iran. However, he said the lands and rights which Iran usurped by force should be restored to
      Reuter  -  54 words
  • Article
    Chief Price Changes
    140 1 Rises Magnum Corps Troaoh Mine* Spore Land City Dot Milan Fib ilia M Banking G I Hldfs Tan Ckoag Main Rica P M Hld*a 1840 2060 758 525 334 1530 906 500 oeo 060 100 50 45 43 34 +30 +30 +25 20 20 Falls PMC Bona
    140 words
  • Article, Illustration
    KUALA LUMPUR
    153 1 Falls Boustead 830 -45 Toshiba 410 -40 A A mai 1220 -40 Berjuntal 520 -15 Dunlop 700 -25 Keramat 540 -20 Syn Resins 620 -20 Hong Leong Ind 630 -20 Rises Magnum 1960 +80 City Dev 545 +36 S'pore Land 785 +35 MFeed Mills 350 +34 Tan Cheong
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  • Article
    Sembawang left out of bonanza
    621 1  -  EXXON'S SHIP-REPAIR CONTRACTS By GOH ENG KEE EXXON Corporation, a major American oil company, will be sending 20 ocean-going vessels to Singapore shipyards for repairs and modifications at a total estimated cost of ISO million this year. Although this represents an annual "bonanza" for local
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  • Article
    Merger of textile, garment bodies
    285 1 GARMENT and textile manufacturers in Singapore are cxpected to get a stronger, single voice for the industry when the associations of the two trades merge. The Singapore Garment Manufacturers' Association (SGMA) and the Singapore Textile Products Manufacturers' Association (STPMA) are working towards a merger by
    285 words
  • Article
    New lecturers for university
    397 1  -  By FONG MEW LENG ABOUT 20 new lecturers will be joining the engineering faculty of the National University of Singapore as a result of the university's recruitment drives abroad. The new staff will include fresh gradutes from UK and US universities such as Cambridge, Massachussetts Institute
    397 words
  • Article
    Mon Cheng to head SBC
    431 1 MR WEE Moo Cheng will take over the chairmanship of the Singapore Broadcasting Corporation (SBC) from the current chairman, the Minister for Communications and Labour, Mr Ong Teng Cheong, on Feb 1. This is one of the two positions offered publicly to Singapore's former ambassador
    431 words
  • Article
    Late-selling wipes out early gains in market
    217 1 PROFIT-TAKING la Ike later part Ike day wiped «ff eatter galas la ■■■I»», SrlPflCfl "fUtflß LI llf pare yesterday. Altkeagh tke aaderlylag seaduwt vm still Ann, tke Straits Times ladutrUJ lades, nfleetlag tke last half hear et tkaa aiae pststs (rem Us prevleaa
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  • Article
    Woh Hup awarded $55m Sri Lankan job
    461 1  -  By LILIAN CHEW THE Bank of Ceylon headquarters will be the first commercial building in Sri Lanka undertaken by a mainly Singaporean consortium. The 30-«torey building worth $55 million will be built and designed by Singapore companies. The only non-Singaporean company involved is
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  • Page 1 Advertisements
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      8 1 TEN N Si A L FUJITSU TEH LIMITED
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      122 1 ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments taking place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words each. There is a dual
      122 words
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      Page 1 Advertisements Column 3
      60 1 L«Mer...page C SHIPPING TIMES WOCOTBY ea re- ADVICE tar ■hirriMHwra ef THE fear teeter la the geld NEW fevetofaaeati la the MA wrlrt I flepate It FOB hnr laac will the estreat. PBOPEBTY prices may level ball raa laatf 1 by I*4 It CBOMWOED t, TV AND RADIO WIOBE TO
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      3 1 See page 8
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      89 1 j The V Singapore s Straits Business Times World DIRECTORY at your Qf I Fin 9ertips Singapore (Buku Merah) J Seepage 7 The performance of a console-size copier, without its cost. 1 V. 1; m y The desk-top size Ricoh DT1750. RICOH Theworkfs #1 copier. Success u ndu plicated! it
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  • OVERSEAS
    • Article
      Lock icon KHMER ROUGE CLAIMS SEAT
      132 2 AFP KAMPUCHEA'S ousted Khmer Rouge regime yesterday called for restoration of its seat in the Non-Align-ed Movement at the grouping's foreign ministers' conference starting in New Delhi on Feb 9. Khmer Rouge radio, monitored in Bangkok, warned the group of what it called a planned move
      AFP  -  132 words
    • Article
      Lock icon Plan to widen Arab boycott of Israel
      419 2 Reuter THE Third Islamic Summit Conference approved demands for economic sanctions and Jihad (holy war) against Israel at a closed session on Tuesday night, conference sources said. The action plan, contained in a declaration drawn up by the 42member Islamic Conference Organisation (ICO)
      Reuter  -  419 words
    • Article
      Lock icon Reagan removes oil price controls
      127 2 Reuter PRESIDENT Reagan will remove all remaining price controls on domesticallyproduced oil. The move will bring US oil prices in line with world prices. The decision to end the controls, which are in any event being lifted gradually, would mean that petrol prices would go
      Reuter  -  127 words
    • Article
      Lock icon Clash over timing of US tax cuts
      427 2 Reuter NYT PRESIDENT Reagan's chief economic advisers have clashed with Paul Volcker, head of the Federal Reserve Board, over the timing of tax and budget cuts to revive the stagnant US economy. Treasury Secretary Donald Regan and Budget Director David Stockman told a
      Reuter; NYT  -  427 words
    • Article
      Lock icon Moscow warns of damage to East-West detente
      177 2 Reuter THE Soviet Union has warned that East-West detente would be badly damaged unless a new European disarmament conference is convened, but the United States has replied that detente does not exist. The blunt statements from the two superpowers at the start of
      Reuter  -  177 words
    • Article
      Lock icon China cancels deal with Mitsubishi
      71 2 Reuter CHINA has cancelled an 85 billion yen contract with Mitsubishi Heavy Industries to build a steel rolling mill at Paoshan near Shanghai. Mitsubishi officials expressed shock at China's decision. The company received a brief message from the China Technical Import Corporation saying execution of
      Reuter  -  71 words
    • Article
      Lock icon EEC may limit Tokyo imports
      429 2 Reuter UPI JAPAN was warned yesterday that unless it limits exports to and boosted imports from Europe the 10-member Common Market might impose limits on cars and other products that are hurting European industries. Sir Roy Denman, the EEC Commission director general (or external affairs,
      Reuter; UPI  -  429 words
    • WORLD IN BRIEF
      • Article
        Lock icon MEETING THE RUSSIANS
        338 2 Agencies FRENCH President Valery Giscard d'Estaing has proposed a meeting of the Soviet Union and other nations to discuss ending foreign intervention in Afghanistan Participants should include the other four permanent members of the UN Security Council, Britain, China, France and the US, in addition to the
        Agencies  -  338 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      182 2 Fly The Concorde af Less Than $$890!!! No other airline can offer This Chance of A Life Time!! Become an Exclusive Member of the Supersonic Concorde ClubH__— —n Tha daily Aircraft Schadula hat baan hald ovar bacausa of pranaurajof spaca. Flight information by talaphona can ba obtainad from tha airport
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      80 3 MAERSK LINE SERVKE Ail THE WAY, SINGAPORE: MAERSK UNE (S) PTE. LTD. 20th Floor, UIC Building, 5 Shenton Way, Singapore 0106. Tel: *****46 KUALA LUMPUR: MAERSK UNE (M) SON. BHD. 9th Root, Yee Seng Building, 15 Jalan Raja Chulan, Kuala Lumpur 05-02,, Tel: *****,*****,*****. PORTKELANG: MAERSK UNE (M) SON. BHD.
      80 words
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  • RAW MATERIALS
    • Article
      WHEAT
      147 4 WHEAT futures in Chicago on Tuesday closed on bottom of an 11 '/4 cent range, down BVi to six cents a bushel in revived trade. Active local long liquidation following forecasts of a weather pattern change from dry to increased moisture in major Western wheat growing areas dropped values
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    • Article
      SOYBEAN
      183 4 SOYBEAN futures in Chicago on Tuesday closed near the top of a 12' A cent range, up 12% to 5'A cents a bushel in active dealings. Speculative short-covering in an extension of Monday's market recovery held prices strong all day, sources said. Substantially, improved weekly export inspections and Monday's
      183 words
    • Article
      Shipments of Straits refined tin from Penang for the period Jan 1 -15,1981
      68 4 DESTINATION THIS PERIOD Shipped tonnes Afloat tonnes Shipped tonnes Africa -.50 Australasia 10.00 Canada 5.00 Continent 1,275.00 380.00 India 403.50 Japan 542.00 212.00 West Asia 13.00 90.00 Pacific 160.00 22.00 Singapore 59.00 3.00 S. America 15.00 United
      68 words
    • Article
      RUBBER
      211 4 THE Singapore market yesterday closed firmer with February One RSS buyers quoted at 283.00 cents a kilo, up 3.50 cents from Tuesday's close, dealers said. The morning market firmed 3.50 cents on higher overnight London advices and fair demand for February and March One RSS, they said. Lunch time
      211 words
    • Article
      RAS PRICES
      310 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 280.00 281.00N Int. 1 R.S.S. February 282.00 282.50 Int. 1 R.S.S. March 285.00 285.50 Int. 2 R.S.S. 266.00 267.OON UK/Coat 265.00 266.00N Int. 3 RS.S. 263 00 364.00N UK/Coat 262.00 263.00N
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    • Article
      SSR and SMR
      111 4 NOON SSR and SMR pric aa yaatardayRA8 SSR 20 SSR SO 41-taa pa (1-too pa Jlat) Hat) February (Curraat Mtk) B*;m Saltan 244.00 246.00N 240.50 241.50N Mtrck (Forward Mtk) Bayara Sallara 245.50 247.SON 242.00 244.OON MRELB SMRCV SMR L SMR SMR CP SMR 10 SMR 20 SMRSO
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    • Article
      Straits Tin
      86 4 THE BTB AITS tia price is Peaaag yesterday rese 14 eeats to MS3UZ s kilo, still within the litefuthul Tin Agreemeat's middle rssge price of $39.11 to $32.14, dealers said. Steadier overaight Leaden advices aad farther streag bayiag sappart frem Enrepe, Japan, the US and tocally eentrihnted to
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    • Article
      CLOSING PRICES
      34 4 Rubber: Jan 28 Singapore: February: 283.00 cents (up 3.50 centa) Malaysia: February: 305.00 centa (up 2.00 cents) Tin: M 530.32 per kilo (up 14 cents) Official offering: 276 tonnes (up 65 tonnea)
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    • Article
      Thailand's rice output
      116 4 THAILAND'S rice production in the 1900/81 season from November to June is expected to increase to 17.4 million tonnes padi from 15.8 tonnes the previous season, Thailand's Agriculture Ministry sources said. The harvest comprises 15.4 million tonnes of padi from the main crop between November and February
      116 words
    • Article
      Produce exchange
      167 4 CHINEBE Pradaea Exekuge, fTlmpwu. ctaatngprtoea per IN kg Ciuast «41: Bulk fob $129.00 sellers, old dram (In second hand dram) fob {131.00 sellers, new drum fob 1145.00 sellers. Ospta: Mixed (loose) 179.00 buyers. Psppsr: Muntok white pepper fob AaU NLW $440.00 sellers, Sarawak white pepper (aq fob NLW
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    • Article
      TEXTILES
      205 4 YARN and cotton prices were quoted as follows in Hongkong on Jan 27. Yesterday's quotes were unavailable: (In HK dollars, spot ex-go-down) Os4tsn yarn: China Blue Phoenix 30s 2,070 32» 2,705, 40s 2,900 (per bale at 400 lbs). Plees gsais: China Butterfly and Globe brand unq; Dragon Head unq;
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    • Article
      RICE
      311 4 SINGAPORE: Yesterday's closing prices in SI per kik), 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 0.95, 25 per cent new crop no stock, B-10 per cent 0.85. THAI BROKEN: A-super 0.77, Special 0.75.
      311 words
    • Article
      LONDON MARKETS
      907 4 COPTER: Robusta futures yesterday closed the morning steady £7 up to about unchanged from Tuesday on sales of 545 lots including four options. Spot Jan ahead of Friday's expiry finished the morning £4 up after trading eight lots within a high/low range of £973 to £969 a tonne.
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    • Article
      PALM OIL
      117 4 IN THE Kuala Lumpur market yesterday, values continued higher on further covering by refiners, but activity slackened, dealers said. Trading was restricted to February, with the central and southern regions gaining Mss each to $1,000 and $1,006 a tonne respectively. The refined market remained featureless on further lack
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  • ASIAN STOCKS
    • Article
      Share prices fall
      496 4 TOKYO SHARE prices yesterday fell slightly on scattered profit-taking, dealers said. The market average shed 5.62 to 7,279.41 in active trading with volume 410 million shares and the Tokyo Stock Exchange index ended at 506.96, down 0 20 Oils, coals, large capitals, nonferrous metals, synthetic fibres, cements
      496 words
    • Article
      Hongkong
      364 4 THE market yesterday opened strong as Investors remain encouraged about the possibility of a prime rate reduction by major US banks. Profit-taking, which set in around 10am, trimmed some of the early gains and the market traded between 15 and 30 points above Tuesday's close for most of the
      364 words
    • Article
      Sydney
      278 4 A TECHNICAL recovery, backed by a slightly firmer trend on world gold markets yesterday, led to the first gain in seven trading days, dealers said. The Australian all ordinaries index finished 4.1 points up at 659.4. Golds too were on the rise as traders followed the metal's progress from
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    • Article
      Bangkok
      241 4 STOCK prices closed mixed yesterday in moderate trading, dealers said. JAN 28 Ban is Asia Credit 123 -2 Asia Fibre 144 1 Ayulhaya Inv And Trust 90 unch Bangkok Investment 141 -2 Bangkok Bank 302 -2 Bangkok Drying And Silo Bangkok Insurance Bangkok Metropolitan Ban 306 unch Bangkok Nylon
      241 words
    • Article
      Manila
      112 4 THE stock market yea teeday was mixed as turnovgrose to 12.3 million pesos from 4.9 million, dealeft said. JAN 28 Pesos AAcoje Mining 0062 uneli Alias Con A Alias Con. B 30 25 -OA* Baguio Gold 0054 0400 Benguel Con B BF Goodrich 60 11 ?o.r CDCP 5 uncb
      112 words
    • Article
      Selected indices
      53 4 FINANCIAL TIME8 INDUSTRIALS Tuesday 467.* Monday 463 0 Wetk Ago 458.0 DOW JONES AVERAGE INDUSTRIALS Tuesday 949.48' Monday 938.91 Week Ago 960 68 HJLHANG 8ENG Wednesday 1593.40 Tuesday 1580.19. Week Ago 1546.06 AUSTRALIAN INDUSTRIALS Wednesday 655! Tuesday 654.1 Week Ago 663.6 ALL ORDINARIES Wednesday 600 4 Tuesday 655.2
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  • TRADE AND INDUSTRY
    • Article
      The key to minimising damage to goods
      546 5  -  By RICHARD SEAH WORKERS in Singapore need to be educated on the proper handling of goods so as to minimise loss through damage. Industries on their part should pay more attention to packaging and warehousing instead of accepting damages to goods as unavoidable.
      546 words
    • Article, Illustration
      AS EASY AS PUSHING BUTTONS
      151 5 AKER International Services has introduced a more convenient method of repairing and maintaining ships containers. Known as the Aker Automatic Container Turner, it allows all sides of a container to be reached for welding, grit-blasting and painting work. Clamps are used to grip the front
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    • Article
      TRADE TALK
      123 5 DUTCH Agri Products is looking for a regional agent for its dried and fresh flowers and gardening tools. The company, which has a stand in the Holland Expo on board the Tor Scandavia, exports seeds, greenhouses, dried and fresh flowers and gardening tools to 15 countries. Currently, the
      123 words
    • Article
      E. German goods prove popular
      342 5 PRODUCTS exhibited by two East German government import-export bodies have been well-received at Medic-Asia '81. The two companies, Intermed and Germed, sold a variety of their medical equipment on Tuesday, the first day of the medical and hospital equipment exhibition at the World Trade Centre.
      342 words
    • Article
      Local GE affiliates pulling their weight
      305 5 GENERAL Electrie's seven manufacturing affiliates in Singapore did well last year despite the effect the sluggish US economy had on most of them. Unaudited results indicate that net earnings of the company in the United States last year were about US$l.5l billion or $6.65
      305 words
    • Article
      Industry gets pledge on research
      408 5  -  By FONG MEW LENG THE National University of Singapore has promised industries closer cooperation in research and development. It will be able to spend more time and resources on joint research and development in the future as its efforts to increase staff and equipment get
      408 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      95 5 PERKIN-Elmer Data Systems Far East has appointed Tay Ktag Kcm| customer service manager for its Singapore operation. Mr Tay beads the customer service department and is responsible for managing and coordinating all customer service in Singapore. Reader's Digest Association Far East has appointed BaymMd H. Y. Li
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      158 5 Leader page f make Computer Power LUorh For Vou iBEX Made in Japan For more information, call *****8 Extn 38 or 47 NOW. The iBEX 7000 is designed exclusively for the small businesses that constitute a new and growing market for the many kinds of personal computers that were formerly
      158 words
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  • Article
    Handle with great care
    377 6 ALL the effort and trouble that go to produce better quality products to keep the "Made in Singapore" flag flying high will be as naught if these goods are mishandled and become damaged before the consumer catches a glimpse of them. Likewise, imported goods may not
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  • Article
    Exxon raises a few justified eyebrows
    364 6 IT IS no surprise to learn that some shipyards are smouldering with discontent at the way Exxon has chosen to award repair contracts on its fleet of tankers. The order of allocation goes almost directly against the general evaluation and ranking of Singapore's shipyards
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  • Article
    Lock icon Producers have no alternative
    801 6  -  T T 1 at The United States, which joined the International Tin Council (ITC) in 1976, is considered the main stumbling block to a tin agreement. In view of the commodity's falling price, PETER MILLERSHIP discusses the background to the Geneva meeting next month. PETER MILLERSHIP
    Reuter  -  801 words
  • Article
    Lock icon FEAR FACTOR IN THE GOLD MARKET
    549 6 AP THE "FEAR FACTOR" gripped world gold markets this week, knocking back the price of the metal and tarnishing its image for investors. The fear followed a rush of selling orders on bullion markets with no buyers around to stop it. It was based
    AP  -  549 words
  • Article
    Lock icon The orchestra as a metaphor
    819 6  -  FORUH with FLORA LEWIS NYT TWO years ago Federico Fellini used the orchestra as a metaphor for a disintegrating Italian society in his extraordinary Him "Orchestra Rehearsal". More recently Andrzej Wajda used the same device to examine Poland's crisis in "The Orchestra Conductor". The parallel
    NYT  -  819 words
  • Article
    STRAWS IN THE WIND
    199 6 GUESTS at the buffet dinner aboard Holland's floating expo on Tuesday night looked forward to their meal when they saw the generous slices of succulent roast beef on the buffet table. But their titillated taste buds were in for a disappointment. Not a knife was in
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      313 6 jy Tii v: BE TRAINED BY THE SPECIALIST THE NATIONAL SCHOOL OF SALESMANSHIP, UK through FEDERAL PUBLICATIONS HOME STUDIES DIVISION The happy family, the house and the car could be Yours. With you in e prosperous new job enjoying a new life a happier life, a more rewarding life working
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      34 6 Rn StoW: Dickers TWe. oFftce-S of Rjrtoo/S LWL (MOt-S FOR t HG |q u>e'(?e Pi&tcsj B*jt ujecouLo DO BGTTejR SOL IT S 'He eNTSE_RTFM W'S efVTiMO INTO THC toof«TS PRVIn3-me come THC stH&eK.THe s
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      1409 6 TV^RADIQI THE PBE-TELECA8T fubUetty fhrca to the ISM BritIsk Awiiwy Awards vu gtowtog. Let's tope the skew lives ap to expeetettoas. It's the Tharaday aad starts at lf.lt. Tke awards cereassay teekjptaee at the Beyal Hall la WewUcjr aai awards were gtoep to aiark eatstaadlag teetorieal aai arttotie aehtoveaseats ia
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  • Article, Illustration
    Lock icon Bullish trend to continue
    921 7 There can be no doubting the technical view of the local stock market. The charts make it plain that we are still in a bull market and might be heading for a major increase in values. Particularly good has been the one-month indicator which has tended
    Charts compiled by DONALD F SINCLAIR  -  921 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      143 7 MEZ Electric Motors *t/ (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 Ta r sole
      143 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        190 8 JAN 27 Fls ABN 275 00 0.5 Ahold 68.50 unch Akzo 1670 -0.3 AMFV 92J0 unch Amfas 116 70 0.4 Amrobnk 56 80 -0.2 18 20 1.2 pff*i 41.50 -1.5 Bote 53.50 -07 Borsumij 212.50 -0.5 Burhmann 56.30 -0.7 Byenkorf 37 90 0.3 Caland 29 60 >0.1 Calve Delft
        190 words
      • Article
        Paris
        260 8 JAN 27 Frs CORBEILLE Alr-Llqulde 470 unch B S N Gervais Danone 990 4-7 C S F < Thomson Csf) 359 -3 Cle f'rancalse des Petroles 211 -13 Compagnie Flnanclere Compagnie Generate 368 -0.1 Credit Foncler De France 401 4-1 Hachette (Librairie) 347 -14 Machines Bull S3 50 -13
        260 words
      • Article
        Brussels
        96 8 JAN 27 Frs FORWARD MARKET Acec 279 7 Arbed 1084 44 Astur 382 -6 B rase an 958 6 Bru-Lamb 900 -30 Canpac 1104 4 Cock 185 -5 De Beers 290 -5 Ebes 1680 10 Electrobel 3025 -75 Qb-Inno-Bm 1985 15 G«v 1290 -2 Hobok 2570 40 Petro 4920
        96 words
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        Frankfurt
        207 8 Aeg-Telefunken Akzo 68 10 15.40 -1# -01 Allz Leben *****0 19 Allz Vers BASF Bay H T WDank Bay Vbank Bayer nw BMW 465 00 ***** 203.00 290 00 lOtJO 200 00 145 SOB -21 •1.1 -45 -1 -09 -35 Cassella Chem Verw Commerzbank Conti Gummi 296 50 *****
        207 words
      • Article
        Zurich
        185 8 JAN 27 Francs Action* Suuaes 203 •1 Alusuisse ion -20 Alusuisse Ref 430 •1 Brown Boven Br 1335 •10 Clba G«ify Br -MO -30 Clbi Geigy P C 760 -20 Clba G* if) Reg S56 -4 Credit Suisse Br 2606 -45 Credit Suisse Ref 456 -3 Elektxowatt Br 2580
        185 words
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        Milan
        101 8 JAN 27 Lire Ante 7.50 -1 Assoc Gen *****0 1850 Bulofi 789 If r«ntral* ***** -990 Ptal 2331 -19 FincuW M unch Gen Immob 2535 -56 IFI Pn 5205 •174 I talc emeriti ***** -501 Italgas 1740 103 Italsider 290 75 975 Magnrli M Pf 645 -5 Marelli Ere
        101 words
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        TORONTO
        196 8 JAN 27 c» Abmbi 22'. Atcmn MS Alfotna «0' > l Bank Mont 30s Si Bank Nova Scotia 32 unch Bell Tel 1»'. Beth Corp BP Can Lid 3B > 7-, Brasran M Camp Red Lake &8 i ♦is Can Imp Bk 28 Canpac 4IS i*. Canpac In* Pf
        196 words
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        JOHANNESBURG
        318 8 JAN 27 Rand INDUSTRIALS A Alpha 380 unch Abrrcom 290 unrh AE And CI TO -5 AMIC 2300 -100 Barlows 990 Cg Sugar CNA Z 530 unch Currte Finance 200 •5 De Beers Ind Edcon Edgars Eveready "Z. Fed Vol It r" 455 -5 Fugit 230 -5 Gardian Glenanl
        318 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      149 8 Get away to Sentosa QGU f 5 W J i -1 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. JUA.
      149 words
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      Page 8 Advertisements Column 2
      183 8 Where to wine, dine and entertain tabertu# thrill For lunch. For dinner. For a richly rewarding experience. Businessmen's Lunch Monday to Friday $19.50 10'- service charge .V > cess Javanese Rijstafel Saturday Sundat $17.50 10' < service charge 3'» cess For reservations call *****77 J «'iilui-\ I 'ni'k Slmtiiiihi i
      183 words
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      Page 8 Advertisements Column 3
      135 8 '^[:).;{.:=+*_"_~+||]<>)%-&\/"] The Great Family Do-It-Yburself Barbecue p. r TO bW Pootetde at the lust chooe whit you want and barbecue it Meat seafood, taladv *aucn Chef 5 hat and apron available 120-*- for adults $14+ for each chrid under 12 Anytime from 7pm-10 30pm A lerlin Grill Speciality From Mongolia
      135 words
    • Advertisement
      Page 8 Advertisements Column 4
      169 8 OGQQO Inn Of Happiness Now open at the Hilton **i -***«*> Dine Cantonese style. Dine Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. ||M
      169 words
    • Advertisement
      Page 8 Advertisements Column 5
      171 8 3 "l A r ft The Dragon Palace Restaurant is where you can dine in regal splendour and dance to the mellow sounds of yesteryear with "The"Zodiac" Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy twosome 1 BpeogMuee a Cockpit Mild Oxley
      171 words
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  • Article
    New York stocks
    806 9 JAN 27 US$ ACF Industries 50 Addressograph 13 •N Airro tor Alcan Alumin 32 S Allegheny Lud 38 Allied Chem Cp 50'* r. Allied Stores 21 1 unch Allis-c halmers 33 i Alumhqo Amer 60 Am Airlines 9 Am Brands Inc 77'.• unch Am Broadcast 28 Am
    806 words
  • BANKING AND FINANCE
    • Article
      Lock icon UK wants to be a full EMS member
      151 9 Reuter BRITAIN wants to become a full member of the European Monetary System (EMS) as soon as this can be achieved without damaging the monetary block, British Chancellor of the Exchequer Sir Geoffrey Howe said on Tuesday. But Sir Geoffrey, in a
      Reuter  -  151 words
    • Article
      Replacing pound notes
      95 9 THE BRITISH government announced plans to replace the pound note with a coin because inflation has eroded the value of the currency. Chancellor of the Exchequer, Sir Geoffrey Howe, said the gold-coloured coin would be introduced in 1963 and the note would be gradually phased out. It
      95 words
    • Article
      Lock icon APPROVAL FROM TAIWAN
      80 9 Reuter THE MINISTRY of Finance will allow US insurance companies to set up branches in Taiwan from August. But, said a Ministry spokeman, they will only be permitted to serve American citizens and American registered companies operating in Taiwan. They will be allowed to underwrite life and
      Reuter  -  80 words
    • Article
      Bangladesh
      54 9 THE International Development Association, an affiliate of the World Bank, has approved a credit worth US$25 million to Bangladesh. The credit is for 19.1 million special drawing rights. The 50-year credit, including a 10-year grace period, will bear no interest rate but will carry a service charge of three-fourths
      54 words
    • RESULTS
      • Article
        MARINE Midland Banks
        87 9 re- ported 1960 income before securities transactions rose 36.6 per cent to US$5B.4 million compared with $42.7 million in 1979. The purchase of 6,666,667 newly issued shares by The Hongkong and Shanghai Banking Corporation during the first and fourth quarters increased average shares outstanding to 16.08 million
        87 words
      • Article
        OPERATING earnings for 1980 at Manufacturing Hanover Corporation's
        81 9 (Mancor- p)rose 8.9 per cent to a record U*****.2 million. Mancorp is the parent company of Manufacturers Hanover Trust Company (MHT), America's fourth largest bank which has major branches in Singapore and elsewhere in Asia. The improvement was specially strong in the
        81 words
      • Article
        BANKERS Trust Corporation
        150 9 which has hanking and merchant banking subsidiaries in Singapore, has recorded a 58 per cent increase in earnings for the year ended December 30, 1980. The earnings amounted to U5566.4 million, while on a per common share basis, they amounted to U5514.44, an improvement of 54 per
        150 words
    • Article
      Lock icon KL gets credit from Britain
      146 9 AFP BRITAIN bi Jut approved a £TI mlillaa mixed credit for Makyria, ma tfcaagk Jot last week a minister «•fflmed tke gaverameat'a appaatttoa U tkia w»y af 0oĕHeg experts, piasters ky Fraace. Ofßdal asanas saM tkat tke credit laclades £21 mllllaa la latereat-free aid, repayaUe
      AFP  -  146 words
    • Article
      First Chicago as lead-manager
      460 9  -  BANK OF TOKYO'S FRCD By AGNES WEE THE FIRST Floating Rate Certificate of Deposit (FRCD) issue in the Asian Dollar Market this year will be leadmanaged by First Chicago Asia Merchant Bank. The bank, which is making a debut in this area, will lead-manage the US$3O
      460 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        477 9 TRADING remained moderate on the Singapore market yesterday with the deutchemark opening in a much weaker position against the US dollar. The US dollar opened at 2.0740/50 against the deutcbemark. The German currency rallied somewhat during the day, with a day high of 2.0690 to slide again to
        477 words
      • Article
        London
        188 9 THE dollar eased slightly in thin, quiet opening trading yesterday, dealers said, as operators took profits gained overnight. The US currency opened at 2.0695/OTOS marks after a late Hongkong 2.0706/13 and New York's closing 2.0725/ 35. It closed in London on Tuesday at 2.0710/30. The dollar later eased further
        188 words
      • Article
        HONGKONG
        112 9 THE US dollar eased slightly yesterday in thin late trading on early European selling, dealers said. The dollar came back on profit-taking after its strong run over the past two days, but dealers noted sentiment was still bullish for the US unit. The dollar eased to 2.0708/13 marks from
        112 words
      • Article
        Tokyo
        100 9 THE US dollar for overnight delivery yesterday closed firmer at 203.40 yen compared with a 202.30 opening, 202.20/40 closing in New York overnight and 202.75 closing here on Tuesday. Trading was active with volume US$l.O2 billion. After opening at about the same level as the New York closing, the
        100 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers ia 14.5 per cent.
        22 words
      • Article
        ASIAN $ RATES
        148 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Jan 28: 7 days 1 month 2 months 3 months 6 months 9 months 12 months 118 D*IUr*(8pot) Offer BM 18H 18 V. 18 13/*****1/18 18* 18 183/18 181/18 I7W 17V* 18V. 16 18 15H 8w.Fr*. (MUila Dm. 1%
        148 words
      • Article
        GOLD
        248 9 SINGAPORE gold futures yesterday closed generally firmer mainly on local short-covering interest after its sharp decline on Tuesday, dealers said. Trading was moderately active with the day's sales recorded at 169 lots while volume for kerbs was at 152 lots, they said. February closed stronger at U5J526.50/529.00 an ounce
        248 words
      • Article
        Treasury bill tender
        42 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender (or a total of 180 million 91-day Treasury bills to be issued from Feb 2 to 4. Each tender must not be for less than $250,000.
        42 words
      • Article
        Discount
        45 9 RANGE of price* offered by discount bouses on Jan X: Overnight: TVt% Call deposits: to TV.* CW Bi;ii| Selling 3-month Treasury bills 7 6H 3-month Bank bills 14 3/16 14 1/16 3 months CD 1211/*****/16 6 months CD 12 11% Source: National Discount Co
        45 words
      • Article
        Silver quotes
        39 9 New York 13.SOB 14 40B 13 90S 14.80S Zurich 13 40B 14.00B 13. SOS MmJ 14 40S Singapore WM 13.SOB 14.10B 13 90S 14.S0S dosing prices in US dollars a troy ounc t. Source: Credit Suisse, S'pore
        39 words
      • Article
        Frankfurt
        41 9 FRANKFURT exchanges closing quotes on Jan 28: US 2.0728/38 Stg 4.967 994 Can —1.7350/70 D F1 92.04/16 S Fr —110.77/92 Lit 2.107/11 F Fr 43.31/36 D Kr unq NKr-38.44/49 B Fr (con) 6.229/36 B Ft (fin) 6.217/227 Yen 1.0189 206
        41 words
    • Article
      Slowing of monetary growth
      449 9  -  Alan Lerner The writer, Alan Lerner, is a senior vice-president and money market economist with Bankers Trust. MONETARY growth continues to slow, but other fears, dominant virulent inflation and a resilient economy are overshadowing signs that the growth of America's money supply is finally abating under
      449 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      120 9 Charming Garden Special Beef! Don't miss the dining experience of Chinese Hunan Cuisine Business Hours: Daily 11.30 am 2.30 pm 6.30 pm 10.30 pm 214 Dunearn Road Inn Sin 9aporell29 II II I Tel: *****49,*****22 Higher rates of interest for your deposits at Chase Manhattan Bank Pates effective January 7
      120 words
    • Advertisement
      Page 9 Advertisements Column 2
      137 9 %-|~?<~&**):{+//\-<%`:&=!`$!`[` NG JANUARY 29 The Mitsubishi That and Banking Coiporation Representative Office Singapore The largest and most experienced tnist bank in Japan, The Mitsubishi Trust and Banking Corporation wishes to contribute to the development of your business in Southeast Asia and throughout the world with the establishment of this new
      137 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1757 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 Aetna (2) 3-34
    1,757 words
  • Article
    Unit trusts
    151 10 SNGAPOU UNIT TVUCT (N>m|m' priaaa hrteS) The Oomncroe 3.52 J. TO The Saving* Fund 110 in S par* Prof Fund 1-52 1J0 S pore Sac. Fund 2-30 2.42 S pore Invest Fund 2.08 111 S pore Equity Fund 143 1.50 ASA UNIT T «UI -flsrartar tea 3.72 JJT
    151 words
  • Article
    SHARE INFORMATION SERVICE
    2712 10 Gr'» Gr"» Net 1980/1981 Last Div Div YTd P/E Vol Day High Low Company Sale or- Cvr ('000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 245 Aetna 334 -2 15.0 2.8 4.4 152 1 334 334 300 220 Alcom 300 12.0 2.5 4.0 17.0 155 116 Allied
    2,712 words
  • Article
    In Kuala Lumpur
    1856 10 BID and offer prices officially listed and hmlnm in and reported to the Kuala Lumpur Stock Exchange yesterday with the number at shares traded shosrn in brackets in lots at 1,000 units, unless other- wise spectneo INDUSTRIALS ij r AJaaa (*****48) (1) 231 A CBm (1.518) (4)
    1,856 words
  • Article
    COMPANY BRIEF
    77 10 THE sharp Increase in the price and daily traded volume of Sea View Hotel ■hares lately prompted a memorandum from the Stock Exchange of Singapore, directing the company to furnish information, if any, to explain the interest. This is required under the Exchange's Corporate Disclosure Policy, which states
    77 words
  • Article, Illustration
    Profit-takers set the pace
    621 10 PBOPTT-TAKING iMarii the etaee toietoi aff gatm achieved ta earßer tradteg ef The aeaslea tatto'iippaatta dtoeSeMta which (km kecaly-nteM One «M Cltj Dwdip begaa Bil rue tram Mi epeata« af 9LB to as Ugh aa M Mm em tog to at the claae. ttot (iimmoßir? attaattaa
    621 words
  • Article
    Slightly easier on KL market
    583 10 THE Kuala Lumpur stock market turned slightly easier yesterday as profit-takers continued to exert their influence. Share prices were eroded after a barely steady start to close with generally small losses on the boards. However, selected issues, particularly Singaporebased counters were able to obtain moderate
    583 words
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  • COMPANY NEWS
    • Article
      Trading in Malayan Tin suspended
      218 11 MALAYAN Tin has requested a temporary suspension of trading in its shares yesterday on both the Singapore and Kuala Lumpur stock exchanges, pending an announcement. Although it could not be immediately confirmed, a further major restructuring of the company appears to be on the cards.
      218 words
    • Article
      DIVIDENDS ANNOUNCED
      292 11 Carreat Ex Beeke Date Tetai far Tatal far Pkymeat Date Owe Payable the year Prevtaas year AiitoJ CkM 4%TE Jan 19 Jan 24 Jan 30 4%TE 3%TE Ayer Meiek 30%<f) Jan 30 Feb 15 Feb 26 30%<f) 25%(g) Berlutal 40%I Jan 5 Jan 15 Jan 30 40% 85%
      292 words
    • Article
      SCRIP ISSUES
      323 11 CMnpaay Particulars Ex Date Biiki Clwe Aetna Proposed rights issue of 1 for 4 (g, $2.80 per share NY A NYA AICMO Proposed rights issue of 2 for 1 $1.70 per share NYA NYA API Proposed rights issue of 1 for 1 $1.00 per share NYA NYA C
      323 words
    • Article
      Local indicators at critical level
      599 11  -  V Market Talk... L 4 By CATHERINE ONG CHARTIST firm Janes Ctwu AwcUtrw said the current week will be a crucial one in determining the outlook for the market. While the overseas stock markets are currently in a depressed state, JCA in its latest bulletin,
      599 words
    • Article
      Fire damage at Paper Products
      146 11 FIRE outbreaks at the warehouses of Paper Products (Malaya) Bhd in the last two days have resulted In M{3 to $4 million worth of damages, mainly of from unprocessed paper wastes and finished goods. Chartered Merchant Bankers Malaysia Bhd announced on behalf of the company
      146 words
    • Article
      COMPANY BRIEFS
      333 11 BOUSTEAD HaUlags has appointed Mr Aladdin Hashim, the director-general of Felda as a director with effect from Jan 1,1981. VENEER Pradaeta* bead office is now located at 2506-A, 25th Floor, International Plaza, Anson Road, Singapore 0207. PAN Malayaa flilitap has increased its shareholding in Greenery Private to 95
      333 words
    • Article
      Lock icon Inchcape affected
      88 11 Reuter INCHCAPE and Co Ltd said there is evidence that second half fiscal 1980/81 ending on March 31 will be affected by the world recession, though the group made an excellent start to the year. Trading was particularly buoyant in South-east Asia and the Far East, offset to
      Reuter  -  88 words
    • Article
      RESULTS DUE
      419 11 Date Lai it Fall Yea r Company rCrlM A—Mi Net EPS Great Pre-tax last year (eeate) Dtv. hi rNDi <%) <rtn) Pahang Cons F 16/11 13 2.5 1,634 Rothmans I 25/1 47.4 20.0 23,891 Ayer Molek F 26/1 24.8 20.0 434 SP Textile F 28/1 10.4 8.9 4,153
      419 words
    • Article
      Lock icon An exciting City
      489 11 wssm HOCK LOCK SIEW OUR advice to those who had taken the double recommendation on City Developments (refer to HLS articles which appeared on July 26 and Oct 29 last year) is: HOLD ON to your shares. City's sale of Orchid Inn to King's Hotel announced last
      HOCK LOCK SIEW  -  489 words
    • Article
      Forecast of lower earnings atCCM
      308 11 PROFIT at the Chemical Company of Malaysia Bhd (CCM) is likely to be reduced in 1981 despite increased efforts to raise productivity and efficiency. This picture of gloom was presented at the company's 19th annual general meeting held on Jan 21. Mr SA Ridgewell, chairman
      308 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      43 11 This announcement appears as a matter of record only VENEER PRODUCTS LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) Private Placement of 2,300,000 Ordinary Shares of $1.00 each at par The above issue was advised and assisted by ASIAN-AMERICAN MERCHANT BANK LIMITED JANUARY 1981
      43 words
    • Advertisement
      Page 11 Advertisements Column 2
      432 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
      432 words
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  • Article
    Laker wants to fly Australia, S'pore route
    422 12  -  By WANG LOOK KEAH LAKER Airways has completed its groundwork in Singapore and Australia for a coming hearing in London that will decide if it will be allowed to service the kangaroo route. The airline has filed for traffic rights to fly a
    422 words
  • Article
    Government steps in
    192 12 THE GOVERNMENT has stepped in to help Singapore Airlines (SIA) in its troubles over illegal tickets in Australia by seeking a "a categorical assurance that there will be no discrimination against SIA and no harassment of its passengers" from the Australian government. The Australian High Commissioner to
    192 words
  • Article
    NTUC sets up inspection centre for cars
    251 12 THE National Trades Union Congress (NTUC) has set up a private limited company to operate a vehicle inspection centre for the compulsory inspection of private cars from 1982. The company, Vicom, is also authorised to repair, overhaul, modify and carry out general maintenance
    251 words
  • Article
    Property prices may level off by 1984
    494 12  -  By AGNES WEE PROPERTY prices may level off by 1984 because of the rapid rate of increase in supply over the next few years. The supply situation is expected to improve with the buoyancy in the market and increased interest in development projects.
    494 words
  • Article
    Singapore wants draft resolution amended
    295 12 SINGAPORE waste tee qaeatfca af fsmpachea te be 4teCUMd at tee BMMUigMrf faretga ministers meeting te New Delhi next maate aad la prspadag lawteMli te tee draft reaalatlea te this effect The draft rmilrtia, which waa prewM te tee Ministry af Fareiga Affairs by best
    295 words
  • Article
    LONDON STOCKS
    635 12 LONDON, Wed. The market turned easier this afternoon when buying in oils and other selected sectors dried up. At 3pm, the Financial Timesl index was down 5.4 points at 4C2.0. BP, Trtceotrol and Shell all finished with gains of 4p having earlier been up to 6p higher on
    635 words
  • Article
    Lock icon DOW JONES HIGHER
    63 12 AP NEW YORK, Wed. Stock prices rose this morning. The Dow Jones average of 30 industrial stocks climbed 2.56 points to 962.06 in the first half, hour. Advances outnumbered declines by 2 to 1. Energy stocks had led yesterday's rally, with investor interest stemming from the Reagan
    AP  -  63 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      213 12 NOTICE ei W Malaysian Tobacco Company Bhd. NOTICE OF MEETING NOTICE is hereby given that the TWENTY-FOURTH ANNUAL GENERAL MEETING of Malaysian Tobacco Company Berhad will be held at the registered office, 178-3 Jolan Sungai Besi, Kuala Lumpur on Wednesday, 25th February 1981 at 11.30 A.M. for the transaction of
      213 words
    • Advertisement
      Page 12 Advertisements Column 2
      147 12 For the earliest flight to Hong Kong No one beats Pan Am 9? Pan Am's Flight 6 takes you five days a week, on the only 747SP's going to Hong Kong. You'll arrive well before noon with plenty of time for v your shopping, holiday or that important afternoon business
      147 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      61 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair and breezy. Report for 24 hours prior to 7Jt pjn. m Junary 28 at the airport. Maximum temperature 31.0 Associated humidity 59 Minimum temperature 22.3 Associated humidity 95 Hours of sunshine 5.20 Rainfall in millimetres nil Total rainfall
      61 words
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  • SHIPPING TIMES
    • Article
      Lock icon SAR teams rescue 620 people from Tampomas 2
      397 13 AP MILITARY ships and aircraft yesterday searched for 496 people reported missing and feared drowned after a burning Indonesian ship sank in the stormy Java sea. Authorities said only 20 bodies had been spotted in the rough waves. A spokesman for the
      AP  -  397 words
    • Article
      Sharp decline in throughput for PK's south port
      490 13  -  By G DURAIRAJ PORT Klang's south port handled 48,040 tonnes less cargo in June 1980 when it was closed for a month following a fire. The south port handled 109,422 tonnes in that month compared with 156,462 tonnes in May 1980 reported
      490 words
    • PORTSIDES
      • Article
        Lock icon UK banana ships on strike
        185 13 Reuter CREWS of two British banana ships has voted to remain on strike despite pleas by two west Indian islands that vital trade was being crippled. A National Union of Seamen (NUS) official said appeals by St Lucia and St Vincent for work to resume
        Reuter  -  185 words
      • Article
        Lock icon Sailboat rescued
        113 13 AFP A SWEDISH sailboat under pirate attack in the Carribean was saved by two Norwegian ships which put the pirates to flight. The Midnight Sun was recently sailing from the Virgin islands to Florida when a fishing boat forced it to heave to. The Swedish crew, threatened with
        AFP  -  113 words
      • Article
        Lock icon Box production begins
        104 13 Reuter A CONTAINER plant in Guangzhou built under a triangular compensatory contract signed by the Guangzhou Shipyard, Civet Investment Company Ltd of Hongkong and the US firm Container Transport International has begun production. Under the contract, the Hongkong firm supplies equipment and raw materials, while the Chinese
        Reuter  -  104 words
    • Article
      INDEX TO ADVERTISERS
      653 13 SMpplag LJae Page CM Shipping Liae Pttt Achipelego vn 2 F*lm» m 4/5 Adriatic IV 5 Everett Orient IV 4 AfM V! 1 Evergreen TV 3 Afro-Eurasia VI S Fesco vn 4/5 All trans VI s Flotta Lauro V 9 Alpac Angkutan Angonave VI 5 Fortune VI
      653 words
    • Article
      Container Schedules
      846 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Name Voy No. Estimated Time of Arrival Shipping Lines Gdn Mode of Operatn Date Time Elbe Maru Korean J ace J In Medlterranea China Container Takarl II S. Profsozy Kit Maru Asian Princess Maersk Pinto Lelse
      846 words
    • Article
      LONDON FREIGHTS
      1424 14 BROKERS reported generally quiet chartering throughout the freight market on Tuesday with continued easiness for some grain bookings out of North America. A vessel was secured for grain from the US Gulf to Indonesia at U5549.75 fio for Feb, sharply below the |53 paid at mid Dec, and
      1,424 words
    • Article
      SHIPS IN PORT
      470 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bowoon No 5 (Tanker) (after Taiyo Maru, P/O, subject gas free) 15/16 Boleslaw Ruminski (1200) 46 Barge Petisah VI (0700) 28 Equator (after Builder HI) 22 Equator n (0700 after King Pearl hauls) 23 Kota Bahagia (0700 after Kota Melur) 10/11 Kailok
      470 words
    • Article, Illustration
      Midland chief urges shipowners to get bankers' guarantees
      664 15 SHIPOWNERS who are badly in need of long-term fixed-rate loans in these times of mercurial switches in interest rates should get bankers to provide guarantees or letters of credit to institutions such as insurance companies and pension funds. The director of shipping
      664 words
    • Article
      Lock icon ILU says 1980 claims will be an time all record
      305 15 AP THE Institute of London Underwriters (ILU) said that 1980 was "another disastrous year" for shipping losses and heavy claims on the London insurance market. In its annual report, the institute reported that: Claims for 1960 will top 1979*8 all-time
      AP  -  305 words
    • Article
      Lock icon Farrell Lines turns round after three years of losses
      835 15 NYT AFTER dropping three ocean routes, laying off a third of its employees and restructuring its management, Farrell Lines, the venerable but struggling freighter line, ended three years of losses with a small profit for 1900. The company had a US$3
      NYT  -  835 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2432 19 SCHEDULE 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
      2,432 words
    • Article
      Lock icon TNT purchases remaining shares of Bulkships
      249 20 Reuter THOMAS Nationwide Transport Ltd (TNT) will pay US$46.B million for McDwraith McEacharn Ltd's 37.5 per cent stake in shipping group Bulkships Ltd. The deal, still to be ratified by Mcllwraith McEacharn shareholders, will result in Bulkships becoming a wholly owned subsidiary of TNT.
      Reuter  -  249 words
    • Article
      Demand for VLCCs will rise with enlarged Suez
      509 20 DEMAND for medium-size tankers is more likely to fall than increase with the opening of the enlarged Suez Canal, according to a report just published. Up to now observers have been forecasting a new surge for medium-sized tanker demand because the canal
      509 words
    • Article
      OCEANIC REPORTS 31pc INCREASE IN NET INCOME
      328 20 OCEANIC Finance Corporation, the specialist shipping finance and investment group, reported gross earnings of US$5.7 million for the year ending Sep 30, 1900, a boost from the 1979 figure of US$2.7 million. The company produced a net income of $1.4 million, an increase
      328 words
    • Article
      Lock icon WORLD SERVICES
      405 20 Fairplay UK-BALTIC: Polanglia, the joint ro-ro service between the UK and Poland operated by United Baltic Corp and Polish Ocean Lines, has been extended by the inclusion of an additional regular call at Ronne on the Danish island of Bornholm. The port is now being serviced on a
      Fairplay  -  405 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      294 13 HEUNG-A SNIPPING KOREA FLAG VSLS Regular Liner Semi-Container Service To: PJ(eiant/Ke«kn|/Busan/lnchon Fm: Busan/H.Konf/Bangkok Td S'pore: *****11 P.K. *****4, PN *****5 KJ-. *****0 I\R 1 )l\ I biivd 11 U Orient Overseas Co*dci*teA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) {S'pwt rite( LMnrt Ita Fttmn Kta| I DHIK OSF 23W
      294 words
    • Advertisement
      Page 13 Advertisements Column 2
      327 13 OSEALORDO UASC UNITED ARAB SHIPPING CO (SAG) MULTI EXPRESS -PURPOSE SERVICES S'pore I Loading for Break btA Kuwait (6/3) Shuatba (9/3) Damman (12/3) Abu Dhatx (15/3). Dubai (11/3) Mina Qaboos (21/3). Mma Al Filial (26/3) Kuwait (2/4) Shuaiba (5/4) Dammam (8/4) Abu Dhabi (11/4) Doha (14/4) Dubai (17/4) FULLY CONTAINERISED
      327 words
    • Advertisement
      Page 13 Advertisements Column 3
      511 13 4>cnan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS Agents: —wane imb i to—i MERCY PTE. LTB. Tel: *****4 (5 lines) SINGAPORE MAERSK LINE EXPORT FULL CONTAINER SERVICES Tol ili M 1 TO: U.S. PACIFIC, GULF, ATLANTIC. EAST CANADA, ASIAN PORTS rt Kelang FVn&ng Sated 31-1/2 74/2 14-15/2 21-22/2
      511 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      857 14 MALAYSIAN INTERNATIONAL SHIPPING CORPS. BERN AD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE ~|fa r AH# NCapM| TW. 1) Barcelona, Genoa. 2) Amsterdam. Antwerp L Kanre. EWbao Basle. UK. 3) Bremen. Bremenhawn. Aartius, Copenhagen. Helsinki
      857 words
    • Advertisement
      Page 14 Advertisements Column 2
      295 14 815 SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA+US ATLANTIC GULF AND E. CANADA KfaN Ma •N/1 11/2 •a/2 am* >ll»mi fi i i m ctmmum «m i Mi M*+FCI Cattwi mtf tSTOAI u/t 14-17/2 2-3/3 J CW Mm U* Ctota I'm* H Tat toriA tmkm St. Mm N. OH. Hat* »/3
      295 words
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  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      285 15 OCL Overseas Containers Limited Weekly .service to/from UK/Europe Australia Straits Container Line (A member of ANRO) (A MEMBER OF THE MHO CONSORTIA!) RO-RO CONTAMRSHP SERVICE TO/FROM AUSTRALIA Swire Straits Container Line STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Containmhip Service To/From Bangkok V.ISM US* 30/31 la 1/1
      285 words
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      Page 15 Advertisements Column 2
      415 15 m.v. "Ylakva Am bar" V«y: Tt arrived 2Mh Juuiy, 1181. at PJS.A. GU»wm Nm.42/43 General Survey of damaged cargo ex the above vessel will be held on Monday 2nd February,l9Bl, from 9.00 a.m. to 1.00 p.m. No further survey will be held after this date. Ageata:R. JI MABHOY SONS (PTE)
      415 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      662 16 TO NORTH EUROft *"|taf bp** TO MEHTDUtAICA TW HK 27/1 23/1 1/3 3/3 6/3 1/3 11/3 13/3 IS/3 17/3 S pore n Pw Brfbao Gonoa Wb«ri Btaten Rdam Antwerp Mailten 4/2 1/3 17/3 15/3 12/3 NUni 26/2 27/3 24/3 2S/3 1/4 3/4 6/4 TO USACAMADA Feeder P KcMng S'pore IhMa
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      Page 16 Advertisements Column 2
      580 16 s*. KOREA LINE SHIPPING CORPN P. PENANG STOtt WGAIS7W 22-26 Feb 27/2-1/3 2-5 Mvch VE6A 15* 22-21 Feb 27/2-1/3 2-5 March ALTMI6IW 5-t March 912 March 13-16 March TO BUSAN ALTAR 162E 54 March 9-12 March 13-16 March TO BUSAN KSC KSC KSC KSC KSC KSC KSC KSC KSC KSC
      580 words
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      Page 16 Advertisements Column 3
      567 16 EVERGREEN LINE FAR EAST eUROPE fXPRfSS FULI CONTAINER SERVICE ACCEPTMG CARGO FOR HAMBURG. FELIXSTOWE. ROTTERDAM. ANTWERP. LE HAVRE ALSO ACCEPTMG CARGO FOR UMTED MWGOOM SOUTHAMPTON. LONDON. MANCHESTER. BMMMGHAM. BRJSTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY s HOLLAND AJNSTERDAM Spr* M Mm*w| Rottrtwi Frtntom tatan Lt Nn 4/02 IVO2 2S/02 24/02 2/»3
      567 words
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      Page 16 Advertisements Column 4
      803 16 Everett Lines W Bunw Fivt Star Shippmf C«rpn. "BURMESE NATIONAL LINE" LOAMNG FOR RANGOON PHISMESYAimiA M Pert/31 1m MBM 13/15 Fab B F S.S C Agents m Mokiywa BOUSTEAD TIL NOS KL *****2/*****9 (aSCv) IhwilS S. A. C.I. F. "AR6ENTINE NATIONAL LINE" LOAUNG FOR DURBAN MONTEVDCO BUENOS ARES fpn ACONCAGUA
      803 words
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      Page 16 Advertisements Column 5
      518 16 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD SANKYO LINE AUSTRALIA SERVICE 21/22 Ft* 23/24 Feb STD. *1, ADO. JAPAN/STRAITS SERVICE SMGAPOK m *****44/7 A *****70 K LIIMR m *****4 4*475* CONTMO BOOKMG OCEAN SHPPBB STONE TEL: 22*1144/7 mlm-s can wo r kelang ra 047. *973/4 sub (wwts f kelang east asm
      518 words
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      Page 17 Advertisements Column 1
      857 17 PIL GROUP EAST AFRICA/REDSEA SERVICE Smgipor* PK clang KOTA TIMUR S Fab KOTA CAHAVA 3/ 5 Fab KOTAMAJU 20/25 Fato Loading lor; Port Sudan (Accepting conlainar to Hodsidah) Hodatdah, Jaddah Port Sudan, Aqaba Singapore P.Kalang KOTA CANTKIO/15 Fab KOTA MAMA 25/30 Fab KOTA OEWA 15/20 Fab Panang Loading tor AdM,
      857 words
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      Page 17 Advertisements Column 2
      760 17 BEN LINE CONTAINERS M kM 1/2 7/2 11/2 17/2 U/2 EXPRESS CONTMO SERVICE TO/FROM EUROPE fMC Bfw SOTO* TOQMK Sport P KtMng W Gtf maay Austria Antwerp fraact MUK Ktadaaa I<t Sa4td M Nrt 11/2 21/2 22/2 24/2 14/2 EH*" Vl 22 <*/*> »/2 <*/« 21/2 Btwaean 7/2 24/2 tt/2
      760 words
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      Page 17 Advertisements Column 3
      703 17 Scan Dutch? WEEKLY EXPRESS CONTAINER SERVICE rn up/UK/MC/SCAN P Ma Feeder KMC* 30/1 t DAHLIA 7/2 PENACA 11/2 I ONtM 21/2 I POMCA 21/2 I DAHLIA 6/1 I PENAGA 11/1 1/1 10/1 17/3 31/3 7/4 26/2 5/1 12/1 n/i 26/3 2/4 1) Barcelona Ge«d». Le»Por« 2) Amsterdam Mn| it Havre
      703 words
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      Page 17 Advertisements Column 4
      592 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNON SOUTH AFRICA SHIRRA BANK SINGAPORE 30/3 eto Reunion 11/4 Durban 16/4 Capetown 23/4 Pt Eli* 21/4 (also accepting East London and Maputo cargo) Lukes/4 Linos U.S. WEST COAST SERVICE Deed from SFO Lbch SPORI ASHLEY LYKES 13/1 10/1 19/2 BRMTON LYKES 2/2 30/1
      592 words
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      Page 18 Advertisements Column 1
      950 18 K LINE KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA feede* hessels* pk 9 nono vessels Nerd Bar 2 1/2 3/2 hntncj Mara Hotjti Marti INnuw Bridge K«9millM 2/2 5/2 Pacific Afro. Alaska Mara •errazano Bndfe »t«m U/2 13/2 lava* Act no U SI NT 17/2 27/2 20/2
      950 words
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      Page 18 Advertisements Column 2
      567 18 CALFORNIA/PACFIC NMTH NEST SERVICE EXPRESS CONTXRKR/REEFER SERVICE Lm*( tar LOS INKLES. SAM FRANCISCO. SEATTLE. TACOMA. VANCOUWR B.C. Accapfat FCL/FCL Cmtmmi AUSTRALIA EXPRESS CONTAINER SERVICE PMmC Spore Bn 11 Feb 12 F« 24 Mar 25 Mir 19 Apt 20 Apr hM S»d Fra* 3 Mm 10 MV 25 M* 8 Apr
      567 words
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      Page 18 Advertisements Column 3
      527 18 3 < roup SINGAPORE SHIPPING AGENCIES PTE LTD 20TH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING 9111?? 13 LINE SI GENERAL *****1 114 lINES TERMINAL OFFICE *****83 TELE* RS *****. RS ***** A B CARSMIP CABLE CARGOSHIP ESI 1 ('oiitiiincr Lines WEEKLY CONTAINER SERVICE to/from BANGKOK n-iwpony SWXOMMOM) REPORT S*M BMUM
      527 words
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      Page 18 Advertisements Column 4
      548 18 /j\ ASIA MERCHANT MARINE MIOOLf EAST SERVICE S'Mrt P Keixw LuA* tar ASM NO 11 17/11 F* DaamanK uwart/ Dubai ASIA M 0.12 IMb Dawnon/Km.*/Duba, A VESSEL.. («r Trpoi GOLDEN LINE^ MAN MM SMPMK (PTE) LTD Twg PinkuH h* MA- M Cad Start SMUKH tIM Tat 221J7* (llUB) i# fa*
      548 words
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      Page 18 Advertisements Column 5
      704 18 n INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****11/*****57 mo ALKYONA NBIOO NORASiA NBIO3 RC6OLM MDCPEMOT SERVICE TO EUROPE S'pw* P. Ketone Fount Ludnf far: Saltd In Pad BOULOGfC/RDAM/ UK (AVON) 21 Fab 3 Mar -do A(«Kt Sm(apart MTRASEA (PTE) LTD *****11 BOOKMC *****57 K Laipv
      704 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      591 19 TO EUROPE/UK (VIA SUEZ): K. JACEJN SW 0. CHEF 23W+ N. JADE IN HK CONTAINER 24W C. CONTAfO 10W S.S. BADGE 30W N. GARNET 4W Containers Feedered to/from F'stowe Also accepting cargo to/from Scandinavia +0. CHIEF S'pore Closing Times: FCL Cargo LCL Cargo FROM EUROPE (VIA SUEZ): C. CONTAINER 9E.
      591 words
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      Page 19 Advertisements Column 2
      267 19 t i:\STKKN I.INKK. I II). Bp>ewW»t in RO/RO I BLUE KOCHI ZM JIANG KOU SUN WAY ASIAN CUPPER BLUE MATSUYAMA CAR LINER Ne.l S#>|ipnrp Walpn <V Pte ltd 3 3rd 'tooi 4ot£ i f ooj 16 RiMes Qui? >rppaif 1 TH ?T046 77 8 trps THpi ?ISOS ?460S Mil J»*iJ
      267 words
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      Page 19 Advertisements Column 3
      237 19 SINSOV SINGAPORE SOVET SHIPPING CO PRIVATE LTD SMSOV BULOMG 55, Market Street Sinfapore 0104 Telephone Numbers *****3 (10 Lines) Cable Address SMSOV SM9APORE Telei Numbers RS ***** RS ***** RS ***** P KELAHG M/S SHARKAT MH SOON SDN. Nf> IST ANO 2ND FLOOR NO 1. JALAM CEMPENMG. PORT KLANG. MALAYSIA
      237 words
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      Page 20 Advertisements Column 1
      299 20 A ANTOLL LINESI Direct B Ls to Adelaide Melbourne Sydney Brisbane Independent FCL Container Conventional Liner Service SINGAPORE t N SHIPPING PTL LTD 1401 S Robna House Shenton Way Singapore 0106 Tli RS ***** lel *****11 Bk(s *****43 WST MALAYSIA HSH <M) Sdn Bhd KL Tel *****3 *****7 Pt Kel
      299 words
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      Page 20 Advertisements Column 2
      309 20 f PRACHT (MALAYSIA) PracM SDN. BHD. REGULAR INDEPENDENT CONSOLIDATION TO THE FOLLOWING PORTS:VESSELS ETA PORT KELANG LOADING FOR 4/2,21/2,2/3,21/3 Colombo, Bombay, Karachi 31/1, 6/2, 9/2, 15/2 Hong Kong, Torwan, Manila 18/2, 22/2 Jakorta, Tokyo, Yokohomo, Kobe 31/1, 4/2. 7/2, 13/2, 17/2. 19/2, 27/2 UK, Europe 19/2, 27/2 UK, Europe FOR
      309 words
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      Page 20 Advertisements Column 3
      295 20 THAI YANG SHIPPING CO. SON. BHD. Hi Utah •HI TMN TMK WTI/I1 bM M •H«. DWTMB WT 2/11 14/15 F* m H.V. CHOOM TMK (POT 1/11 15/14 FM IM/U NAM HUA SHIPPING SDN BHD M 91 MM MM NO 3 1/11 11/12 FA W»MMMM ID 2/11 21/24 FM 'MB MM
      295 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      157 20 n 1 Wl *°sa i V. m >2 &3 c SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: a R Thunderstorm Temperature °C Shower Rain Cloudy Sky Temperature Weather °C cr* Wind direction with speed in knots Cloudy Sky Wave height Surface winds an Indicated by arrows
      157 words