The Business Times, 3 February 1981

Microfilm: NL10904
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 TUESDAY, FEBRUARY 3,1181 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Appeal to Khomeiny
      58 1 AP BEIRUT, Mon. Iran's Parliament Speaker today appealed to Ayatollah Khomeiny to intervene personally to stop President Abolhassan Bani-Sadr's campaign against the nation's clergy-led hardliners, Teheran Radio reported. "We ask the Imam (Khomeiny) to consider this case himself," said Mr Ali Akbar Hashemi Rafsanjani in an open
      AP  -  58 words
    • Article
      Lock icon Complaint investigated
      74 1 Reuter BRUSSELS, Mon. The European Commission said it is investigating a complaint that South Korea is dumping low-price televisions and damaging the European industry. The European association of Consumer Electronics Manufacturers said black-and-white portable sets are being sold at 21 per cent below their price in South Korea.
      Reuter  -  74 words
    • Article
      Lock icon Visa not extended
      83 1 AFP JAKARTA, Mon. The Jakarta correspondent of the Australian Sydney Morning Herald, Mr Peter Rogers, has been refused permission to remain on here because his reporting was "unfriendly," Antara news agency reported today. His visa expired in July and because the Indonesian government at the time considered
      AFP  -  83 words
    • Article
      Lock icon Eye flown to S'pore
      73 1 Reuter COLOMBO, Mon. An eye of Sri T.an!?an President William Gopallawa, who died on Friday, was flown to Singapore for corneal grafting, the Sri Lanka Eye Donation Society said today. The eye was sent to Dr Robert Loh, a leading eye surgeon and a spokesman for
      Reuter  -  73 words
    • Article
      Lock icon Sales up
      57 1 Reuter PARIS, Mon. French aircraft manufacturer Avions Marcel Dassault-Breguet Aviation, builder of the Mirage combat plane and Falcon business jet, increased sales by 51 per cent last year. The company said 1900 turnover was 10.7 billion francs before taxes. Two-thirds of the planes sold were exported and nine-tenth
      Reuter  -  57 words
    • Article
      Curfew in force
      65 1 NEW DELHI, Mon. Curfew remained in force today in parts of the western Indian city of Ahmedabad as an agitation by medical students spread to a new area. The Press Trust of India reported that a bus was set ablaze in Ahmedabad's Paldi suburb by striking school
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    • Article
      Lock icon Support for Arabs
      76 1 AFP NEW DELHI, Mon. Prime Minister Indira Gandhi today renewed India's support for the Arab cause. "We reassure and reiterate that our stand and support for the Arabs will remain consistent and firm on the question of Palestine and the city of Jerusalem," she said, addressing a
      AFP  -  76 words
    • Article
      Lock icon Welcome for Chun
      39 1 UPI WASHINGTON, Mon. President Reagan welcomed South Korean President Chun Doo Hwan to the White House in a heavy downpour today and they promptly began talks expected to emphasise American security commitments in East Asia. upi
      UPI  -  39 words
    • Article
      Lock icon Launch postponed
      43 1 UPI WASHINGTON, Mon. The space agency today delayed the maiden launch of the space shuttle Columbia from March 17 to the week of April 5 because of the failure of insulation on part of the ship's large external fuel tank UPI
      UPI  -  43 words
  • Article, Illustration
    Chief Price Changes
    134 1 Rises 180* 150 120 55 50 50 50 45 40 40 Ma nun Corpn M U I O C B C U I C Strait* Trading Ayer Hitam Rub U O B Hone Leong lad M Ban king Berinntai 2170 1080 1390 800 1300 590 560 075
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  • Article
    Ministry revokes hotel incentive
    711 1  -  SOME SEEKING LEGAL ADVICE By CATHERINE ONG THE GOVERNMENT has withdrawn an incentive introduced in the 1960s to encourage the building of hotels to boost the tourist industry. This move will cost some major hotels millions of dollars. Hoteliers were allowed in the 1960b to build
    711 words
  • Article
    KLK proposes 1-for-1 bonus
    271 1 PLANTATION group Kuala Lumpur-Kepong has finally announced its longexpected one-for-ohe bonus issue. After many months of market speculation, KLK said yesterday its directors will recommend a new issue of 167.5 million ordinary shares of Msl each for shareholders' approval at an extraordinary general meeting cm March
    271 words
  • Article
    Computers work short hours
    452 1 SINGAPORE'S computers are under-utilised even more so than four years ago. Though there was a three-fold increase in the number of computers between 1976 and 1979, the utilisation of computers has dropped. At the beginning of 1980, the average computer logging was a mere 190 hours
    452 words
  • Article
    Seal board of directors
    369 1 THE OLD guards are still going strong, at least in the Singapore Contractors' Association Limited (Seal). Six out of the seven members of its newly elected Board of Directors had held office in the last board. The line-up includes familiar names like Lim Kong Eng (from
    369 words
  • Article
    US dollar reels under heavy selling pressure
    240 1 THE U8 MUr reeled —to heavy eelttag pre*aare yesterday, pinnglng majtr earreaeiee la the Singapore fereiga exchange irtrt. Ike US salt lest aheat fear pfennings against the Pfitifhfirk, fear yea reney, asd eae eeat It* >wbwi, hewever, was a hellish factor la the
    240 words
  • Article
    Industrial index near all-time high
    431 1  -  By BIBIANA CHOO BUOYED by last week's strength, stock prices rose strongly yesterday to lift the Straits Times industrial index to a near all-time high. With all component stocks featuring in a broad-based rally for the greater part of the day, the index rose 12.5
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  • Page 1 Advertisements
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      14 1 The Singapore's Straits Business Times World DIRECTORY at your of Fingertips Singapore (Buku Merah)
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      Page 1 Advertisements Column 2
      131 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
      131 words
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      Page 1 Advertisements Column 3
      76 1 imm SHIPPING TIMES BELGIAN mannfactarer to op- SINGAPORE-MALTA air servgrade 0perati0n5....................... 5 Ices agreement......................... 12 EMERY to introdoee two-tier DR Tony Tan elected president cargo rate 5............................... 5 of Scamec 12 INDONESIA may attain self- RESHUFFLE of Khmer Ronge sufficiency in rice..................... 7 leadership imminent................. 12 CROSSWORD I, TV AND
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      3 1 Leader ...page C
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      69 1 H SINGAPORE K FOR PEOPLE WHO MATTER The reduction copier built on forward engineering. The Ricoh DTIBOOR ►Clear, crisp copies, even half-tones. RICOH The world's #1 copier. Success unduplicsted! For more information call *****5 V Wywy Private Limited Wywy Houm. 17. L*ng Km Ro*d. Singapore 0315. T»l: *****5. Indonesia Aiom
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  • REGIONAL
    • Article
      Lock icon Thais ask for aid to finance plan
      455 2 Reuter THE International Aid Group for Thailand met in Parte yesterday to consider the ring of Thailand's fifth five-year economic development plan which envisages an yearly investment of US$2 billion. Thai officials in Bangkok said the plan, to be launched next October, would
      Reuter  -  455 words
    • Article
      India now second largest importer of KL palm oil
      466 2 INDIA has become, after Singapore, the largest importer of Malaysian palm oil, accounting for a widening trade deficit with /the country, a leading banker in Malaysia said. India's investments have a ian more than doubled in recent years so that it
      466 words
    • Article
      Lock icon RELATIONS DETERIORATING
      229 2 AP MOSCOW'S relations with Tokyo have hit a wintry low over Japan's staging of a government-sponsored "Northern Territories Day" on Feb 7 to protest Soviet occupation of four small Wands claimed by Tokyo. Amid protests from Moscow that Japan seeks to use the territorial dispute to revive and
      AP  -  229 words
    • Article, Illustration
      Lock icon Chun assures US businessmen of Korea's stability
      619 2 NYT UPI PRESIDENT Chun DooHwan of South Korea, assuring American business leaders that his' country had overcome the political and economic turmoil of the last year, urged greater economic cooperation between the two nations. The appeal for more American investment in South Korea,
      NYT; UPI; UPI photo  -  619 words
    • Article
      Lock icon Qantas forced to cancel flights
      107 2 UFI QANTAS, Australia's International airline, has been forced to cancel eight international flights pending the outcome of a meeting by striking flight stewards. Airport radar technicians are also on strike at Sydney and Melbourne, causing domestic flight delays of up to two hours and some
      UFI  -  107 words
    • Article
      Lock icon Absconding banker's firms taken over
      301 2 AFP THE Development Bank of the Philippines (DBP) has taken over the management of two of the four firms owned b, Filipino Chinese banker Dewey Dee who ran off and left his creditors groping where to collect at least 581 million pesos in loans they
      AFP  -  301 words
    • THE REGION IN BRIEF
      • Article
        Lock icon INDONESIAN LNG PROFIT
        526 2 Agencies INDONESIA earned US$2.2B billion last year from liquefied natural gas exports mainly to Japan according to latest Central Bank of Indonesia statistics. This represented a substantial rise on the 1979 export earnings of $Ll2 billion. Final 1980 figures for crude oil and oil products exports were
        Agencies  -  526 words
    • Article
      Lock icon S Korea to set up council to discuss unification policy
      245 2 Reuter SOUTH KOREA will shortly set up a presidential advisory council to discuss Seoul's policy on peaceful unification with communist North Korea, a government spokesman said yesterday. President Chun will pick council members under the constitution from a 5,278member presidential
      Reuter  -  245 words
    • Article
      Lock icon Hua absent from army political conference
      482 2 AP COMMUNIST Party Chairman Hua Guofeng remained conspicuously absent from a political work conference of China's army, adding further indications that the Chairman's duties have been taken from him. The official Xinhua news agency reported that the 19day conference ended on Sunday after hearing
      AP  -  482 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      799 2 ARRIVALS Service Local Operator Number Tuoe Fro* PAA MAS CARGO SIA MAS MAS RBA < MAS SIA CAL SIA CPA GIA MAS SIA PAL SIA MAS GIA SIA a SIA GIA MAS SAS SIA THAI SIA GIA MAS SWR SIA CAL SIA SIA GU MAS SU JAL
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      231 2 APPOINTMENT Hotteywel! I General Manager MCBIII4O HHoneywel Pte limited, Information Systems Dtffeion, a aubeidMry of Honeywei Inc. USA which is one of the world's leacing manufacturers of computers, wishes to appoint a General Managar for ita Singapore operations. He wi report to the Managing Director, South EaetAaia, and aaeume complete
      231 words
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  • OVERSEAS
    • Article
      Lock icon Thatcher says UK on road to prosperity
      512 3 AFP BRITISH Prime Minister Margaret Thatcher has told Britons that they are "on the right road for a prosperous future". Speaking during the weekend in a televised defence of her strict monetarist policy as a "long-term" remedy for Britain's economic woes, the Conservative
      AFP  -  512 words
    • Article
      Lock icon US plans to resume talks with Russia
      183 3 NYT REAGAN Administration officials said that despite the harsh words by President Reagan and Secretary df State Alexander Halg last Week about the Soviet union, plans are being ihade to resume talks with Moscow on the key issues of arms control. But they
      NYT  -  183 words
    • Article
      Lock icon Not obligated to follow Begin's policy
      387 3 UPI SHIMON Peres, favoured by the polls to win Israel's next election, says he will not be obligated to follow the policies of the Begin government, notably lastminute moves to speed construction of Jewish settlements on the West Bank. But on another issue crucial
      UPI  -  387 words
    • WORLD IN BRIEF
      • Article
        Lock icon ARABS WANT DIALOGUE
        651 3 Agencies KING Hussein of Jordan has called on President Reagan to steer clear of the mistakes of his predecessor and move toward a dialogue with the Arabs. He hoped the Reagan Administration will not be the prisoner of previous political attitudes and mistakes, but instead, give itself
        Agencies  -  651 words
    • Article
      Lock icon Smaller cut in US aid to Third World
      154 3 AFP THE pending cut in US aid to developing countries will be much smaller than announced. Reportint this on Sunday, the Washington Post newspaper said the first draft of a compromise was worked out on Friday night between the Budget Office, which
      AFP  -  154 words
    • Article
      Lock icon Volcker reiterates need to cut budget
      592 3 TIGHT MONEY POLICY NYT THE chairman of the US Federal Reserve, Mr Paul A Volcker, said on Sunday that projected federal spending must be reduced by "tens and tens of billions of dollars". In a television appearance Mr Volcker reiterated that tax cuts should
      NYT  -  592 words
    • Article
      Lock icon Solidarity suspends strike
      315 3 Reuter ANOTHER ma)or confrontation between the Polish government and workers was temporarily averted when the independent trade union Solidarity suspended a national one-hour strike set for today. But Solidarity's national consultative commission said it did not rule out the possibility of a future general strike if the
      Reuter  -  315 words
  • Page 3 Advertisements
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      650 3 advancimtechnology, when IBM designed the new Displaywriler system, they started with southing cxmipletely different: People. f Us--4 M i 451 1:1 11 t i I i am IVIr. 111 ***** with no mistakes, more 9L 1 'J J •L-J lAV 4 1 *1* 0 I»•••!• ••f.lii'lt lit tm >! nil
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  • RAW MATERIALS
    • Article
      Expansion plan for rubber output
      550 4 ■WITH the long-term prospects at natural rubber looking favourable despite the current recession, producing countries, large and small, have announced plans to boost their output. Among the small producers which have indicated ..interest in expanding their NR production are Sri Lanka, India and Vietnam. More
      550 words
    • Article
      RUBBER
      203 4 THE Singapore market yesterday closed quiet with February One RSS buyers quoted at 284.25 cents a kilo, unchanged from last Friday's close, dealers said. The mroning market closed 0.50 cents firmer compared with last Friday's close on steadier London advices in quiet trading, they said. Prices eased fractionally in
      203 words
    • Article
      RAS PRICES
      202 4 RAS price* In cents per kUo yesterday: Noon Clone per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 283.00 Int. 1 R.S.S. February 285.25 284.00N 285.75 282.00 284.25 283.00N 284.75 Int. 1 R.S.S. March 298.00 288J0 28T.00 287JO Int. 2 R.S.S. 268 00 299.00N
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    • Article
      Produce exchange
      172 4 CHINESE Pradaee Exelu|(, Happiw, dotal prices per lMkg yesterday. Cm—l til: Bulk fob $129.00 sellers, old drum (in second hand drum) fob $139.00 sellers, new drum fob $145.00 sellers. Oapra: Mixed (loose) $79.00 buyers. Pepper: Muntok white pepper fob Asta NLW $432.50 sellers, Sarawak white pepper taq fob
      172 words
    • Article
      Straits Tin
      85 4 THE STRAITS tin price In Peaaag yesterday feU 15 cents to M 539.45 a Idle, but was still within the International Tla Agreement's middle range price s< $36.11 to $32.74, dealers said. The fail was attribated to technical adJostment to Saturday's rise ef 336.66 and higher sfferlngs ever
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    • Article
      CLOSING PRICES
      28 4 Rubber: Feb 2 Singapore: February: 284.26 cents (unchanged) Malaysia: February: (closed) Tin: M 530.45 per kilo (down 15 cents) Official offering: 231 tonnes (up 38.74 tonnes)
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    • Article
      Lock icon World mine production of silver
      126 4 Reuter WORLD mine production of silver last year eased to an estimated 340.0 million troy ounces from 344.6 million ounces in 1979, the Bureau of Mines reported. It said US mine production of silver dropped to 32 million ounces from 38.1 million ounces, reflecting strikes
      Reuter  -  126 words
    • Article
      Forecast of Malaysia's palm-oil production
      414 4 THE Palm Oil Registration and Licensing Authority (Paris) anticipates crude palm oil production (CPO) in Malaysia reaching "a minor peak" by the end of next month. "The second peak, a higher one, will be reached by the eighth or ninth month of the year, assuming
      414 words
    • Article
      Lock icon HK Comex looks for new delivery point
      152 4 Reuter THE Hongkong Commodity Exchange is considering New York or Hongkong as an alternative or additional delivery point for its gold futures market which presently is London, the Hongkong Trade Development Council said. A statement said trading in the futures market, start.ad late
      Reuter  -  152 words
    • Article
      LONDON MARKETS
      909 4 COFFEE: Robusta futures yesterday closed a quiet morning steady at £2 to £5 a tonne up from Friday. Turnover was 421 lots including 10 options and around 60 lots of cross trades. Dealers said quiet conditions ruled (or most of the morning with some light dealer buying emerging
      909 words
    • Article
      RICE
      167 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first dssi (Kangaroo) new crop LIT, 100 per cent «ecood dssi 0.97, 100 per cent third class OJO, B per cent sew crop bo slock. B-10 per cent 0 J5. THAI BROKEN: A-super OITT, Bpsdal
      167 words
  • ASIAN STOCKS
    • Article
      Shares rise sharply on selective buying
      515 4 TOKYO SHARE prices yesterday rose sharply on selective buying in blue chips with the market average closing at an all-time high of 7,322.06, up 37.91, dealers said. The previous peak was 7,315.33 on Jan 21. Trading, however, remained light in the absence of fresh
      515 words
    • Article
      Sydney
      330 4 BHP's A 5335 million rights Issue yesterday continued to weigh heavily on the market as both the stock and the all ordinaries index fell to their lowest levels in months, brokers said. BHP closed 75 cents down at an eight-month km of $13.75, down $1.15 since the one-far-eight issue
      330 words
    • Article
      Bangkok
      211 4 FEB a Bahla A*la Credit 124 All* P«hr» Ayuthays In*. And Trust Banftot Investment Banfkok Bank Bangkok Drying Anrt silo ttajtok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank O! Ana Bank Of Ayudhay* Ltd ias 300 M7 110 140 unch -4 e| Bala Berll Jocker Carpet InterNstlonal Charoong Thai
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    • Article
      Manila
      131 4 THE market yesterday closed steady u turnover rose to 3.3 million pesos aLB million last Friday, rssakl. The lone gainer was Atlas Con B while PLOT and Basic Petroleum (ell, but the rest were unchaged or untraded. Aco)c Mining m 0001 Atlas Con A Atlas Con B. a -025
      131 words
    • Article
      Selected indices
      29 4 HJLHANC SENG Monday 1000.70 Friday 1568.06 Week Ago 1S40J6 AUSTRALIAN INDUSTRIALS Monday 866-3 Friday 867.0 Week Ago closed ALL ORDINARIES Monday 648.4 Friday NU Week Ago cloeed
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    • Article
      Hongkong
      370 4 THE market yesterday opened strong on the heels of the recent reductions In the US. Some of the Initial gains were lost to profittaking, but the market traded well above Friday's closing levels for most of the day and then rallied towards the close to finish almost 21 points
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      196 4 AN INVALUABLE GUIDE to the banking, finance and insurance community rwis*. VP ?.-A I •v.rVXiS- >. J >' VA <• .V V 4/ W J* <& C':> t c.%.: s>\ a i ST* •V -iX r- -V.-f EdS> "W, > t* N > <V' i v >- m FSta rb*v*^
      196 words
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  • TRADE AND INDUSTRY
    • Article
      Exhibition to have 70 participants
      299 5 ABOUT TO Indian industrial and trading companies will take part in the India *81 trade exhibition to be held at the World Trade Centre (ram March 26 to April 5. "The main objective of the exposition is to expand India's trade and economic relations with
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    • Article
      Trade delegation leaving soon
      169 5 AN eight-member trade delegation will leave for New Zealand on Feb 14 to promote Singapore goods. The delegation, comprising representatives from seven local manufacturing companies and a Department of Trade official, will stop over at Auckland, Wellington and Christchurch during their weeklong visit. They will meet
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    • Article
      Two-tier Emery cargo rates
      394 5 EMERY Air Freight will introduce a two-rate system for air cargo later this month. The first-class rate will retain the current cost structure but the new second-class rate will be much lower. Goods using the secondclass rate will take two to three days longer to be
      394 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      133 5 FITZPATRICK'S Food Supplies (FE) has appointed Stephen F. HmHw executive director. Mr Harriaon will alao hold the title of general manager South-east Asia and Middle East division of the Dairy Farm group, Fitzpatrick's immediate parent company, and itself a subsidiary of the Hongkong Land group. A native
      133 words
    • Article
      Exhibitors pleased with medical trade fair
      287 5 MEDIC-ASIA "81 ended last Friday on a favourable note with exhibitors reporting sales and trade enquiries. Gets of Singapore, (or example, sold more than $100,000 worth of precision microsurgical equipment and It is pleased with (he interest in its new machine for detecting breast
      287 words
    • Article
      IMPROVING OFFICE EFFICIENCY
      109 5 THE Singapore Institute of Management will conduct a four-day course on administrative office systems from March 2. The objective of the course is to provide participants with the methods needed to help raise efficiency in the clerical and administrative fields. The course will be led by Peter
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    • Article
      TRADE TALK
      160 5 AN Australian manufacturer of laminators is looking for an agent in Singapore. The company, R A Elliott and Associates, said its desk-top thermal lamlnator can apply a polyester film to both sides of a card or paper in one pass. It is suitable for maps, charts, engineering and
      160 words
    • Article
      LVD plans local production
      581 5  -  By RICHARD SEAH A BELGIAN manufacturer of metal working machinery plans to upgrade its assembly plant in Singapore to a production unit by the middle of next year. LVD Far East may invest an Initial $2 million to produce hydraulic press brakes in Singapore. The machines
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  • Page 5 Advertisements
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      293 5 *41 1 Hk t 4M m r T V+*. X 2 I kick/ draw C(V: KV I *1 HOW TO ENTER: 6th-10PRQE 100 CASH 1,000 CONSOLATIONS PRIZES 1 T-SHIRT EACH. 2 You may aubm* as many antrtaa you Nka to wnpwwa your chmciiotwMnQ. 3. raslmpla»oentar.Tharalsnoneedtoanawer*iyquasMona at all 4. Sirnpty hand
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      Page 5 Advertisements Column 2
      82 5 >teCfc ilUI^ OX° 0 m 0 0 G c XO G^ V avW^e^ Se^>°SeV^ e o^ y,o^ .v« ,e (O n\ o° *«»«<£> S «\vd° VQ s \OC sS o Q<^ ,a,w^Wa--3'" li \e'^ c^ s o\° e\ v i «r *»< *v> i vi -z K **.r< Av a:
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  • Article
    Hotels no longer need incentive
    374 6 WITH THE tourist industry expected to show •impressive growth over the next few years, it is both reasonable and logical to conclude that hotels will see a correspondingly huge pile of profits. In fact, even at this point, performance of the industry is at a
    374 words
  • Article
    Maximising use of computers
    287 6 «ERE IS much food for thought in the of the computer survey. As the call for «Rater computerisation gets louder and louder, jQs sobering indeed to hear that while the last jsr years have seen a three-fold Jump in the «■cnber of oomputers, there has been
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  • Article, Illustration
    A GOOD SHOT IN THE RIGHT DIRECTION
    1509 6 AS A YOUNG lad, Q C Chong helped his father sell Chinese herbs in Kuala Lumpur. But he wanted to be independent. So at 14, he left for Singapore. He worked as an "apprentice" selling shirts and textiles. Here, he found his green
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  • Article
    HARASSING THE PUBLIC
    417 6 from the Sydney Morning Herald, January 29 AUSTRALIANS WHO Intend to fly to other countries should be grateful to Singapore Airlines for the valuable advice it offered them this week. "Passengers should realise/' it said, "that they are under no obligation to submit to questioning by interrogators
    417 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      622 6 CRYPTIC PUZZLE ACROSS l&ld retainers administer Jjig punishment (I) 7££st the girl to-run off with •A writer ?8) depression? (4) lOSßander around when cautioned (6) 11 •Brink very quietly hidden a hat! 14 •'Show the effects of a life•time? (3) 16* Examples in the field of r boxing (5) 17
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      12 6 Bj"iStcW:FraQjcl)icto33S UiOOLD NOU STEPPING P\LOHG TO th»s ero of COvJNTfcfc J Y
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    • Miscellaneous
      Page 6 Miscellaneous Column 3
      780 6 ira/HRwra SBC wUI tttoxMKi "live" la Eagllah the epealag «f the Sth Parliament by Presided fteww m ekMMi S at gJlpm, with a MuW« -velee-ever. The Malay translation at hl> addrtm will he acreeaed at MO ea eaa he 8 at the Papa la Geraiaay, wUeh eemee ea earlier, feataree
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  • Article
    Successful skill development
    932 7  -  Letters to tbe Editor CHRIS J. BURROWS Director ui General Director M I Asia Pacific Pto Ltd Dear Sr, Your columns have recently debated the Skills Development Fund (SDF)'s approval for management training in general and the Kepner Tregoe course in particular. A previous correspondent has construed
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  • Article
    STRAWS IN THE WIND
    162 7 If YOU'VE been puzzled or worried by that shorthand advertisement entitled "A message to all secretaries" that's been appearing in the Straits Times cinema page, stop worrying. It's not a call for all secretaries to unite against their bosses. Just a rather clever promotion for the
    162 words
  • Article
    Lock icon Some lessons on deregulation
    485 7  -  FOKUHj with ROBERT METZ NYT PRESIDENT Reagan's decontrol of domestic oil production and distribution last week is part of his policy of reducing regulations on business. Generally speaking, deregulation is welcome, but some businesses will find themselves in Increasingly competitive circumstances, at least in the beginning.
    NYT  -  485 words
  • Article
    Benefits of GSP
    115 7 Dear Bk, The third last paragraph of your write-up on USGSP on Jan 27 leaves the reader wondering whether the system of preferences is for the benefit of the donor or the beneficiary country. If the manufacturer has to reduce his profit in order to qualify for
    115 words
  • Article, Illustration
    Self-sufficiency
    611 7 RICE PRODUCTION IN INDONESIA IF ALL goes well, Indonesia might some day grow enough rice to feed its 147 million people. That hope was rekindled by President Suharto last month when he presented the national budget for 1961-1982. It marked a comeback for the oncestandard promise that Indonesia was
    611 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      5 7 Exotic Food irmixx VSavydvK 1,1
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      Page 7 Advertisements Column 2
      161 7 Subscribe to Business Times now and get 41 issues free Subscribe to Business Times directly and save $25 (Its like getting 41 issues free) Here's a great opportunity for you to join the increasing number of Business Times readers who subscribe directly to us. If you subscribe now, you pay
      161 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Exxon suffers 1.1pc decline
      416 8 NYT UPI FOURTH quarter earnings at Exxon, the world's largest oil company, dropped 1.1 per cent from the comparable period a year earlier, > but profits for all of last year surged 31.8 per cent to < a record U515.66 billion. Revenues for all of 1960
      NYT; UPI  -  416 words
    • Article, Illustration
      Lock icon SHELL IMPRESSES
      268 8 UPI, Reuter. SHELL Oil, America's Bth «largest refiner, reported that its fourth-quarter earnings in 1980 roae 23 per cent to US$l.32 a share from $1.07 a share in the yearago period. Shell's fourth-quarter results were better than most other US oil companies, which have announced essentially flat profits
      UPI,; Reuter.  -  268 words
    • Article
      Lock icon Marginal rise at Marathon
      163 8 NYT MARATHON Oil achieved a small earnings rise «f 2 per eeat la the final three aistln «I last year. Bat tta profits far the tall year, like theae of Exxea's, were sharply higher. Fearth qaarter earalags Ikimihl ta UBsffJ millioa, er ft eeats a share,
      NYT  -  163 words
    • Article
      Socal fails to offset higher crude costs
      232 8 THANKS to higher prices for gas and oil both in the US and overseas, Standard Oil Co of California's 1960 net income rose 35 per cent. Domestic 1960 petroleum earnings rose to US$99O million from 1646 million in 1979 mainly due to higher
      232 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      673 8 Where to wine,dine and entertain fa I he American l:\prcss Card. Don't leave home without it. OQGGO bm Of Happiness m n nr? V Dint Dine Cantonese style. Szeclmmn style. Tlie Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double £our
      673 words
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      Page 8 Advertisements Column 2
      117 8 <,-^?>\{`}/?+''`(';+'{)/]'`+}<+ kT M I The Dragon Peiace Reetaurent is where you can dine in nagal splendour and dance to tfte mellow sounds of yeeleryaar w*ti"TheZodtac" Spacious enough to ■coommodate 460 peopte in oomfort, Dragon Peieoe Aeetkirantaleo caters to the coey Oxiey Rtte/ftsnang Road. Singapore 0821 Tel: *****11 (20 How) restaurant
      117 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Threat to New York's status
      673 9 NYT FEARING that New York's role as a domestic and international money centre is in Jeopardy, Anthony Solomon, president of the Federal Reserve Bank of New York, warned the state's bankers against moving too much of their business outside New York. Solomon, in a speech
      NYT  -  673 words
    • Article
      Lower PLR
      46 9 CITIBANK last Friday lowered its prime rate to 19 V 4 per cent from 20 per cent. Marine Midland Bank was the first major bank last week to cut its prime to 19 Vi per cent. Other big banks remain at 20 per cent.
      46 words
    • Article
      Higher stake
      31 9 THE Kuwait investment office has bought a further 2.4 million stock units in Royal Insurance Co Ltd, raising its stake to 10.5 million stock units or 5.59 per "cent.
      31 words
    • Article
      Lock icon First yen placement
      180 9 Reuter WESTERN Australia has negotiated a private placement of securities in Japan, the first yen denominated borrowing by an Australian state. Mr Peter Jones, State Minister for Resources Development, Mines,, and Fuel and Energy, said the private placement of the Joan, equivalent to A 530.2 million, was
      Reuter  -  180 words
    • Article
      RESULTS
      595 9 AMERICA'S third largest bank, Chase Manhattan, reported that net income in the final quarter was up less than one per cent, from U5576.7 million or $2.23 a share, to 177.1 million or $2.12 per share earnings which were diluted by a stock issue last June. This brought Chase's earnings
      595 words
    • Article
      MALAYSIAN RESERVES
      118 9 BANK Negara Malaysian said Its goM ami foreign exchanges reserves rone to M$lMB Milton en Jan If from ••71 Milton en Dee SI and M 2 Milton en Dee IS, ISM. 11m Central Bank's fortnightly balance sheet shewed total nsseto rase to $ISJ» MUsn at nritJaannry tram $1S
      118 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        494 9 WIDE fluctuations pervaded the foreign exchange market yesterday with the US dollar recording wide swings against major currencies. The US dollar opened at 2.0850/70 against the Singapore dollar and slipped down to 2.0725/45 by the afternoon, as the US unit also weakened against other major currencies. Methnnk hewnid
        494 words
      • Article
        Tokyo
        145 9 THE US dollar for overnight delivery yesterday closed weaker at 203.30 yen compared with a 206.20 opening here, a 206.20/40 closing both in New York and on the West Coast and 205.20 here on Friday, dealers said. Trading was active with volume US$l.l5 billion. Towards the close, the dollar
        145 words
      • Article
        PLR
        22 9 THE tma|e rate at which major Singapore banks are earrently prepared to lend to their best customers is 14.5 per cent.
        22 words
      • Article
        ASIAN $ RATES
        167 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Feb 2 U8D*iUn(Sjot) 7 days 19% 19* 1 month 177/16 178/16 2 months 17% 17 3 months 17 16% 6 months 16* 16% months 1511/1615 6/16 12 months 159/16 157/16 8w.fr*. Du 1 month 3 months 6 months 12
        167 words
      • Article
        Discount
        44 9 RANGE at prices offffi •d by diecount bouaa i on Feb 2: Overnight 7W% Call depot Its: «H*to7V«« Beytec S«UiM 3-month Treasury bllla 7 3-month Bank bills 14 V. 14V4 3 months CD 12v. 12H months CD 12 12 Source: National Discount Co
        44 words
      • Article
        Frankfurt
        1 9
        1 words
      • Article
        GOLD
        259 9 SINGAPORE gold futures yesterday closed weaker compared with Friday's close here after fluctuating marginally throughout in moderate trading, dealers said. Total sates for the day was recorded at 212 lots while volume for kerbs was at 96 lots with Interest centred on February, April, June and August contracts, they
        259 words
      • Article
        HONGKONG
        191 9 THE US dollar yesterday weakened very sharply against major currencies on active late selling, dealers said. The dollar's (all started shortly after midday on a few large selling orders, soon followed by what dealers descibed as panic selling. The US unit swiftly fell two pfennigs against the mark and
        191 words
      • Article
        London
        1 9
        1 words
    • Article
      Lock icon Poland seeks farther credit from the West
      260 9 Reuter POLAND, already deeply la debt to the Weal, has made informal cm tacts with we*torn bankers sa the possibility sf gettlag a large commercial leaa. Bsaklag ssarces la Londaa the matter was discussed at a meetlag la Vleaaa between repreeeatattves sf at
      Reuter  -  260 words
    • Article
      Failings of the information system in KL
      622 9 MALAYSIA'S financial information system has certain defects, particularly in the feedback to central agencies from operational units st ground level. Datuk Badruddin bin Abdul Samad, Director of Budget in the Malaysian Treasury, said that the time taken for reporting information is long and
      622 words
    • Article
      Lock icon SRI LANKA'S LOAN ESTIMATES
      433 9 Reuter SRI LANKA will approach the international capital markets this year to raise a projected US$lBO million. According to Finance Minister Ronnie de Mel, who visited London over the weekend as part of his tour of seven European countries, the government will only enter the markets
      Reuter  -  433 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      431 9 Businessmen, Are You Getting Your Shore of the Billion Oil Industry? The South East Asia ON Directory 1980-81 (Third edition) is the only professional reference work which brings together an encyclopedic volume of material to serve all sectors of the oil industry. It is the most comprehensive and in-depth coverage
      431 words
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  • Article
    BUSINESS DONE ON THE SES
    1740 10 BID and offer prices officially Ugted and bMi— 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 A COMMERCIAL Acmm (1MB) (11) 3M (1)
    1,740 words
  • Article
    Unit trusts
    156 10 ■mtfononTiw ST [MHHIII' kl> The Commerce IB in The Savtags Fund 2.U 134 S'pore Prof Fu*d 1.54 L4B S par* Sac. Fund IB 146 S pore Invest Fund 114 IS S port Equity Fund 1« 1-52 MuunriKir ■MBSV Wl Mai IavMt Fund I JO Mai Prog Fund HX
    156 words
  • Article
    SHARE INFORMATION SERVICE
    2723 10 IM0/IM1 Higk Low CMHV 11 Gr*s Gr*s Net Div Div YTd P/E Vol Day ►or- Ctt COOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 3T2 300 196 227 420 192 302 MS 400 810 246 220 116 138 203* 60 am 246* 187 288 Acma Alcorn Allied
    2,723 words
  • Article
    Slowdown in housing will hit supporting industries soon
    302 10 THE advene effect* at the slowdown In the Malaysian housing sector on its supporting manufacturing and service industries will be felt by the second half of this year. According to the secretary-general of the Housing Developers' Association, Mr David Quia Kok Tee,
    302 words
  • Article
    Lock icon Jardine merges insurance firms
    89 10 Reuter JARDINE Mitheaor and Company has merged Its Australian insurance broking interests to form Jardine Glanvill Insurance Broker* Pty with a premium income of about As9o million a year, Mr Simon Keswick, director o( Jardine Matheson and Company and chairman of its international broking activities, said.
    Reuter  -  89 words
  • Article
    Malaysian properties make good investment
    820 10 NEW buildings are cropping up fast all over Malaysia but there are still many opportunities (or investment in particular sectors, according to a newly-released Malaysian pioueity market review of 1900 by a real estate agent Sandakan desperately needs a large new hotel at international standard,
    820 words
  • Article
    Cement shortage will remain for some time
    265 10 THE current acute shortage of cement in Malayrta will not eaae until the latter part of this year even if a price Increase is allowed by the Malaysian government immediately. Senior executives of the four cement manufacturers say that there is nothing they
    265 words
  • Article, Illustration
    Buyers keep up pressure on prices
    484 10 ON THE keek ef lest week*! kalltoh streak, tke flings ps it etoek market get ad to e reariag start yesterday ee eager kayers kept ep tke pre—are sa skare prices. Wltk Just S days to ge Mere tke Laaar New Year, excitement raa
    484 words
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  • COMPANY NEWS
    • Article
      Killinghall Tin to issue bonus of 1-for-2
      330 11 KILLINGHALL Tin (Malaysia) has announced a one-for-two bonus issue and a higher final gross dividend of 65 cents on the strength of sharply improved profit. Unaudited pre-tax profit of the company for the year ended Dec 31, 1980 jumped by a hefty 108
      330 words
    • Article
      Board changes at Tractors Malaysia
      308 11 THE Tractors Malaysia group has followed up its recent corporate restructuring with the appointment of several directors and senior executives in Tractors Malaysia Holdings or TMH (the investment holding company) and its whollyowned subsidiaries TMB Sdn Bhd (operating the Caterpillar franchise) and TME Sdn Bhd
      308 words
    • Article
      Sime Darby to develop cocoa plantation in Sabah
      181 11 SINE Darby's pi—tatl—dlv Men has entered late a five-year agreement with a Sabah eampaay, Permedalaa Plaatattona Sda, ta devetop 5,Mt acres sf Jaagle land la Sabah lata a eaeaa ptaatatlaa. At the algalag cerem—y last Batarday, Mr David Park, Chairman at Sime
      181 words
    • Article
      Tasek Cement to put up new plant
      459 11  -  By THE CITY STAFF TASEK Cement, currently Malaysia's largest cement manufacturer, is planning a new plant costing an estimated $350 to $400 million. It is understood that Tasek has already submitted plans to the relevant authorities and if the new venture is approved,
      459 words
    • Article
      Far Eastern stake to be revealed soon
      419 11 THE directors of Dunlop Holdings will soon know Just how much of the company's equity is in the hands of shareholders from the Far East. The United Kingdom Department of TTade, which conducted the investigations, is expected to publish its report within the
      419 words
    • Article
      Huge earnings jump at OUS
      196 11 THE sustained buoyancy of the stock market during the past year has enabled closed-end investment trust Overseas Union Securities (OUS) to post a hefty increase in pre-tax profit. For the full year to Dec 31,1980, OUS's consolidated pre-tax earnings rose by 62.8 per cent to
      196 words
    • Article
      DIVIDENDS ANNOUNCED
      183 11 ll Ex Date Backs ChM Date Payable Tatalfar Ike year yalfce Ptwlw Ayer Maiek C«C C9mgmn sS? 30%(f) 16% 20%<e) CK.CZ. «TD 15% 8%I Jan 30 Jan 19 Jan 16 Feb 20 Mar 4 Mar 4 Feb 15 Jan 24 Jan 28 Mar 4 iter 16 Mar 15
      183 words
    • Article
      SCRIP ISSUES
      323 11 o—iP—y PMHealan Ex Dale Beaks Acuta Aleam API CSC HaM BayaJ ELEepaag KHHagtoil Th Elag*s Hatel Mian 0— P«*l MMU Perth Plaat BaJmaa Hydraalfe Smmym M SEAL Shaagri-i* 8TF1TO TteeaPab Y H 8 (M) Proposed rights issue of 1 for 4 12.80 per share Proposed rights issue of
      323 words
    • Article
      Accept offer advice by Dunlop Olympic
      349 11 THE directors of Dunlop Olympic, the Industrial group in which Dunlop of the UK has an 8.4 per cent interest, and its independent advisers, Hill Samuel Australia, have recommended that shareholders accept the A$lGO million partial takeover bid by North Broken Hill (NBH). However,
      349 words
    • Article
      COMPANY BRIEFS
      227 11 JACK Ctate Enterprises will be re-assigned to the first trading section from Monday Feb 9, 1981. CENTRAL SeearMes (HaMlags) BM has been renamed Ganda Holdings Bhd and the shares will be traded and quoted under the new name from today. Old share certificates bearing the former name will
      227 words
    • Article
      Lock icon Spot the winners Mega Chemicals makes a loss on lower turnover
      852 11 WMM mm™ by HOCK LOCK SIEW MEGA Chemicals has reported a rather disappointing set of results fo the six months to Oct 31,1980. The group incurred a small lan of $15,000 compared with the previous corresponding period during which
      by HOCK LOCK SIEW  -  852 words
    • Article
      Taiping Rubber expected to hold profit level
      205 11 MALAKOFF Bhd expects 1981 pre-tax profit of Taiping Rubber Plantations, which it is buying from Boustead Ltd for (20 million, to be around the 1980 unaudited level of £400,000. Malak off, in reply to queries from the Kuala Lumpur Stock Exchange, said the
      205 words
    • Article
      Lock icon In Hongkong...
      145 11 Reuter, AFP BINO Realty and Eaterprises announced it is studying proposals which may lead to the flotation and listing on local stock exchanges of a new group of its property development and investment companies. In the event of a float, Sino may decide to declare a special dividend
      Reuter,; AFP  -  145 words
    • Article
      RESULTS DUE
      234 11 Date La ■t F*ll Yea ir Cwapaay 1, a m rcnN 4——i Net EPS Oram Pre hi 1m* year <«*■) Dtv. TTm■ili irtin Pahang Cons <%> (fin) F 10/U 1.5 2i 1,634 Rothmans I s/1 4T.4 20.0 23,891 Ajrer Molek F M/l Mi 30.0 434 S P Textile
      234 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      195 11 OVERSEAS UIMON SECURITES LTD Announcement The Board of Directors of Oversees Union Securities Limited is pleased to announce the following: AUDITED RESULTS The Group The Company 1980 1979 1960 1979 I V S Profit before taxation 2.490,803 1,529,944 1,984,940 1,436,615 Taxation (1,134,600) (527,000) (949,600) (492,000) Profit aftar taxation 1,356,203 1,002,944
      195 words
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  • Article
    Sungei Kadut factories given grace period
    396 12  -  By FOO CHOY PENG WOOD-BASED factories in Sungei Kadut Industrial Estate have up to next Sunday to pay the revised 1981 rentals without incurring interest charges. However, an interest of 10 per cent per annum will be imposed on companies for late payment from
    396 words
  • Article
    Singapore-Malta air agreement
    160 12 AN air services agreement between Singapore and Malta was signed last week after a three-day meeting between civil aviation officers in Malta. The agreement allows Singapore Airlines to fly to Malta via any city and onwards to Europe. With the traffic rights, SIA can now route its
    160 words
  • Article
    Tony Tan elected Seamec president
    100 12 THE Minister for Education, Dr Tony Tan, has been elected president of the South-east Asian Ministers of Education Council (Seamec) for 1961-82. He was elected at the 16th annual conference of Seamec which ended yesterday at the Regional Language Centre. Seamec is the policymaking body
    100 words
  • Article, Illustration
    Hussein Onn arrives in London
    186 12 MALAYSIAN Prime Minister Datuk Hussein Onn (ateve) was reported to be resting comfortably yesterday after flying to London to undergo a heart operation. The 57-year-old Malaysian leader arrived in London on Sunday with his wife, members of his family and a few aides. He is
    186 words
  • Article
    GOOD RESPONSE TO UNIT TRUST
    107 12 ENCOURAGING response from bumiputras to the National Unit Trust scheme in Malaysia was reported yesterday when registration forms for the scheme were distributed at banks and post offices in Petaling Jaya. Officials from some of the banks and post offices said many inquiries were received
    107 words
  • Article
    Lock icon Saudis may cut oil output by more than hall
    554 12 Reuter AP SAUDI Arabia, the world's largest oil exporter, could slash its output by half or even to three million barrels per day (bpd) next year from the present 10.3 million bpd. Saudi Oil Minister Sheikh Yamani said that the level
    Reuter; AP  -  554 words
  • Article
    Lock icon Reshuffle imminent
    226 12 Reuter UPI A RESHUFFLE is imminent in the leadership of Kampuchea's ousted Khmer Rouge Administration, the Bangkok Post newspaper said yesterday. It quoted sources as saying the leadership of the ousted Beijing-backed Democratic Kampuchean government, including Premier Khieu Samphan and military commander Pol Pot, would be replaced by
    Reuter; UPI  -  226 words
  • Article
    Lock icon Murdoch's bid for Times hits snag
    161 12 AP BRITISH print union leaders have stalled Australian press magnate Rupert Murdoch's bid to take over the Times of London and the Sunday Times, warning there was no chance of an agreement before the Feb 12 deadline he set to conclude the sale. "We're
    AP  -  161 words
  • Article
    Lock icon Moscow accepts Bonn's loan terms
    156 12 UPI THE Soviet Union has agreed to West Germany's export financing terms* for the proposed construction of one of the world's longest natural gas pipelines, which will link Soviet Siberia and West Europe, Japanese reports said yesterday. The mammoth Soviet project, estimated to cost US$lO
    UPI  -  156 words
  • Article
    Lock icon IATA REPORT ON AIRLINE FUEL COSTS
    143 12 Reuter ONLY African countries and Canada have seen significant increases in airline fuel costs since October, according to a report by the International Air Transport Association (lata). The report, handed to airline tariff specialists meeting in Geneva yesterday, was prepared for a fuel conference
    Reuter  -  143 words
  • Article
    Lock icon Business as usual for Iraq
    106 12 AFP IRAQ has recently signed economic contracts for projects worth more than US$l billion, displaying a "business as usual" attitude despite its more than four-month-old war with Iran. The Iraqi News Agency (INA) said three contracts for construction of a cement factory, telephone systems and
    AFP  -  106 words
  • Article
    LONDON STOCKS
    776 12 LONDON, Mon. Equities finished below early highs and government bonds closed little changed, after early enthusiasm evaporated. At 3pm, the Financial Times index was up 3.5 points at 469.8. Speculation over an early reduction in UK minimum lending rate, boosted by comments from Prime Minister Margaret Thatcher, caused
    776 words
  • Article
    Dow Jones sharply lower
    93 12 NEW YORK, Mod. Stock price* fell sharply in early trading today, and analysts said they expected weakness to prevail until the Reagan Administration unveils a specific economic programme. The Dow Jones average of 30 industrial stocks fell 5.46 points to 941.81 in the first half hour.
    93 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      394 12 NOTICE MAGNUM CORPORATION BERHAD (Incorporated in Malaysia) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS. HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at Magnum House, (Ist Floor) 111, Jalan Pudu, Kuala Lumpur on Friday, 20th February 1961 at 11 a.m. for the purpose of considering
      394 words
    • Advertisement
      Page 12 Advertisements Column 2
      131 12 (Sill, !d Readers to digest Nine-to-five Office Magazine Bosses: Management Singapore Style Time Management Who's Afraid of Computers Rate your Management Potential Beyond WP The Mighty Micro How to handle meetings Executive Stress Secretaries: Secretaries Week What the stars say about your boss ABC of Banking Ideal Secretary Quest Towards
      131 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      112 12 THE RAINFALL for the first 29 days of January was below average. About threequarters of Singapore received less than 25 per cent of the month's average rainfall. Thundery showers can be expected on six to seven days, mainly in the afternoon, in the coming fortnight. Outlook for Singapore from 6
      112 words
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  • SHIPPING TIMES
    • Article
      Traffic increases in Strait of S'pore
      219 13 A TRAFFIC density survey of all vessels using the Strait of Singapore showed a sharp increase in movements in October last year compared with September 1978 when the last survey was conducted. A total of 5,163 movements were recorded, a 19.9 per cent increase
      219 words
    • Article, Illustration
      NOL gets exclusive use of Oakland's new berth
      523 13  -  By JAN LEE SINGAPORE'S national shipping line, Neptune Orient Lines (NOL), has entered into a long term agreement with the Port of Oakland for the use of its new 20-acre terminal. The agreement, subject to the approval of the US Federal Maritime
      523 words
    • PORTSIDES
      • Article
        Lock icon 110 UK ships now idle
        84 13 Reuter ABOUT 110 British ships are now lying idle at ports throughout the world due to seamen's strikes over pay, a National Union of Seamen (NUS) official said. Tony MacGregor, an NUS inspector, said 13 British ships in Rotterdam and one in Amsterdam were hit
        Reuter  -  84 words
      • Article
        Lock icon Marine Traffic Bill
        95 13 Reuter SOUTH Africa will have the power to stop and search ships using its territorial waters under a Parliamentary bill published recently. The Marine Traffic Bill, to be presented to the new session of Parliament which began last week, is aimed at tightening safety measures and security
        Reuter  -  95 words
      • Article
        Lock icon Iraq cooperates
        86 13 AFP PROGRESS has been made toward an agreement to release the 70 ships trapped in the Shatt-al-Arab waterway by the fighting between Iraq and Iran, Iraqi deputy Foreign Minister Osman Ketani said. He said that Iraq is going to cooperate with the International Red Cross and United Nations
        AFP  -  86 words
    • Article
      INDEX TO ADVERTISERS
      641 13 SWpptag Liae C«4 Shipping Line Pme (M Achipelego vn 2 Elma m 4/5 Adriatic IV 2 Everett Orient IV 4 Afea VI 3 Evergreen IV 3 Afro-Eurasia VI 2 Feaco vn 4,-5 Ail trans VI 5 Flotta Lauro V 5 Alpac VI 5 Fortune VI 5 Angkutan
      641 words
    • Article
      Container Schedules
      870 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Name Voy Estimated No. Time of Arrival Date Time Shipping Lines Gdn Mode of Operatn Ever Pioneer Asian Pearl Benvalla Strlder Diamond S. Seas Bridge P. Roosevelt Bunga Surla Ever Large Hanseatlc Asian Princess Planeta Ercole
      870 words
    • Article
      LONDON FREIGHTS
      1463 14 A SLIGHT increase was evident for grain bookings out of North America on Friday but rates edged lower with US$l9 fio paid from the US Gulf to Holland in Feb, down 50 cents, and $27 flo from the US Northern Range to Denmark in Feb, down 25 cents.
      1,463 words
    • Article
      Lock icon Indonesia to resume SAR operations
      422 15 AFP THE Indonesian government has decided to resume search and rescue (SAR) operations following the discovery of more survivors in the sea disaster in which a passenger ship caught fire then sank in the Java sea, a spokesman of the Sea Communications Department said yesterday.
      AFP  -  422 words
    • Article
      SHIPS IN PORT
      380 15 expected ARRIVALS TODAY KEPPEL WHARVES Barber Menestheus (U00) 47 Bataan (Tanker) (1700 PO subj. gas free) 16 Blue Koehi (RO/RO) (2300 Starboard a/side) 38/39 Kim Soon Li (after Jenson n)22 Kota Bin tang (0700) 10/11 Lumut (1200 sub], free board) 21 East Regina Maris (Passenger) (2100) 1/2
      380 words
    • Article
      Lock icon London may be revived as tanker chartering centre
      409 15 Reuter THE revival of the London market as a tanker chartering centre is viewed optimistically by London tanker broker Galbraith Wrightson, with business during the past week fixed on behalf of such major London owners as Shell, BP, Gulf and Texaco. In
      Reuter  -  409 words
    • Article
      Lock icon Japanese lines to pay compensation
      221 15 AP THE owner, builder and inspector of a 54,000-ton Japanese ore carrier has agreed to pay a total of 252 million yen to bereaved families of the crewmen of the ship which collapsed and sank in the Pacific 12 years ago. In the out of
      AP  -  221 words
    • Article, Illustration
      Lock icon Good timing nets KNSM at low ebb
      1354 15 Lloyd's List WHEN Nedlloyd executive board chairman Mr Bernard Buys expressed surprise at the interest shown in his company's Fls4o million bid for Koninklijke Nederlandsche Stoomboot Maatsehappij (KNSM), it was a reaction born of innate modesty and practicality rather than any lack of
      Lloyd's List  -  1,354 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2434 19 BCHEDIHE 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 oif three weeks. PN
      2,434 words
    • Article
      Lock icon Rescue party board blazing tanker
      226 20 UPI FIRE broke put last Sunday in the engine room of a Greek-registered tanker with 36 crew members aboard. A navy rescue party boarded the vessel, shrouded in black smoke. The tanker Aikaterini, about 40 miles offshore in the Atlantic Ocean, broadcast a Mayday about
      UPI  -  226 words
    • Article
      No sale
      60 20 The owner of the Jetspur Musafir, Icemack Pte Ltd said yesterday that the ship was not sold to a Pakistani breaker as reported by the London secondhand tonnage market. Mr S Kumar, managing director of the company, said the vessel, formerly the Michael K, was bought by his
      60 words
    • Article, Illustration
      Hamburg to expand its port facilities
      936 20 HAMBURG will be sacrificing a 600-year-old village on its outskirts to enable long-range expansion of port facilities necessary to secure the port's competitiveness well into the next century. The city has announced that legal steps to carry out the decision will begin shortly. Mr
      936 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      370 13 PIL GROUP REGULAR CONTAINER FEEDER SERVICE TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE FOR THE PERSIAN GULF AND RED SEA PORTS. SaaPaga V .1 \RDIM W I I Oiuent Overseas CottlcuneA Line FULLY COWTWOBED SERVICE TO EUROfE OM SUEZ) lUSMS2S IKPnKSMKT X iokm gunci if aCWUBFNA 2SE IMS
      370 words
    • Advertisement
      Page 13 Advertisements Column 2
      268 13 aSEALORD ft I UASC UNITED ARAB SHIPPING CO'SAG) EXPRESS MULTI-PURPOSE SERVICES S'pvt Loading for Damnum (6/3) Abu Dhabi (9/3). Mma Qaboos (12/3) uwait (2/4) Dammam (8/4) Abu Dhabi (11/4) Doha (14/4) Dubai (17/4) T FULLY CONTAINERISED SERVICE S'pore I Loading for Dubai (22/2) Kuwait (23/2) Dammam (27/2). Mma Qaboos (1/3)
      268 words
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      Page 13 Advertisements Column 3
      0 13 `%~+]^('$]_}~\'.<$/_)_?]]$%]+)?
      0 words
    • Advertisement
      Page 13 Advertisements Column 4
      461 13 T*\ Sl\car*> j. v\ business FOR fc PEOPLE WHO A MATTER:! Tunes PefKXJcaS Pv&cahon MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS Kclanc Penanc SaM 74/2 14-15/2 21-22/2 21/2-1/3 74/3 14-15/3 4-5/4 SINGAPORE CLOSKG TMES CY Btt« Feb 1500 HRS CFS 7th Feb
      461 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      1020 14 MISC it 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 k\ Cwtafcw S«Dic> Feeder *P Retom Vessel B Pf NAG* SU N KLH B OAH.IA 8/2 NHON B PENAGA 15/2 StlAfOA
      1,020 words
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      Page 14 Advertisements Column 2
      261 14 SUPERCARRIER SERVICE TO: PANAMA US ATLANTIC E. CANADA US GULF •11/2 11/2 'mi v« im 22/3 1/4 Ink hn IM MM Mtai 4/4 U/4 13/4 14/3 a/3 n/i a/3, 1/4 V 4 11/4 13/4 ■v U a/4 14/4 1/4 3/4 U/4 U/4 CALIFORNIA (22 DAYS) VENEZUELA EXPRESS CONTAINER SERVICE M
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      Page 15 Advertisements Column 1
      480 15 Overseas B IB B Containers Limited Weekt} service to/from UK/Europe m STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CanbinanMp Sarvki To/From Bangkok Spare Pi*« DM Mam 3 Feb 23 Fib (M FA) S 7FA a Feb UFA 1 llFab 3Mr Slki 17 Fab IN* llMar 11 UFA
      480 words
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      Page 15 Advertisements Column 2
      557 15 Franco Belgian Services i F Fr,- ,ch St'i.i it k IU xan F.ir .<\ li'ir. i r.-'.'ii.ii fuu comwpg» soma fwm cimqpe OMOTMCMB bM IKfTUC MH IFA com tan u fa QMM C0NTMD1I F«k P SUNS It Hm rta KW| rHma I'm* 4 Ft* 22FA 23 F«k 27 FA 21
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      Page 16 Advertisements Column 1
      480 16 Hapag-Uoyd TO NOtTH EUWft Ussm TO MEDITEMUUgA EreaMLave^ TO NOKTH ElJMtt/ICMTBttANEA/ 20/3 TO USA/CANADA fttdf Eipnu TMuo Eqnu Eipress •connect in Kooshiung connect r> Tokyo (CARGO TO ATLANTIC AND GULF PORTS VIA MINILANDBRIDGE) s PTan Agents SEGANI ?7*>Wll ?7M/09 cf<; muu 4*311 i 48 J. 4»!.i54 P Uplanj iB«i 83
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      Page 16 Advertisements Column 2
      456 16 VEGA 157W VEGA 15* ALTAI 161W ALTAI 162E P. KaJanf 2-5 March 2-5 March 5-« March S-t March PENANG 27/2-1/3 27/2-1/3 9-12 March 9-12 March STORE 2-5 March 2-5 March 13-16 March 13-16 March FROM BUSAN BANGKOK TO BUSAM FROM BUSAN BANGKOK TO BUSAN KSC KSC KSC KSC KSC KSC
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      Page 16 Advertisements Column 3
      540 16 EVERGREEN LINE FAR EAST EUROPE EXPRESS FUll CONTAINER SERVICE ACCEPTMG CARGO FOR HAMBURG. FELIXSTOWE. ROTTERDAM. ANTWERP LE HAVRE ALSO ACCEPTMG CARGO FOR UNITED WNGDOM SOUTHAMPTON. LONDON. MANCHESTER. BMMKGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY mamS HOLLAND AMSTERDAM Spn M Htn Mtotea F*Dm htwmp U Mwi t«wUrp 4/02 IJ/02 20/02 24/02
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      Page 16 Advertisements Column 4
      898 16 6 üßk "BURMESE NATIONAL LINE" Q 5 LOADMG FOR RANGOON 0 ''«l PPWJM/J U B F S.S C Agents in Matayva BOUSTEAO SHFWNG TO. NOS KL *****2/48)309 NwSSiHwSw 1 A. C.I. F. J/ "ARGENTINE NATIONAL LINE" LOMM FOR DURBAN MONTEVBCO BUENOS MRES CnA Trew#ert»deii Maritim* MtxicMß S. A. "MEXICAN NATIONAL
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      Page 16 Advertisements Column 5
      311 16 r "EXO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD. m SANKYO LINE AUSTRALIA SERVICE 21/12 23/24 f* m. m. MQ JAPAN/STRAITS SERVICE IXT k ARLANDER Llf\JE AUSTRALIA SERVICE LOOSKKE. KTOSO MAMI. m* p. mmi lm*c HM mi. MEL MEL 11/12 Fab 13/14 Fab MS. STD. MEL. ABEL CPKML nam OCEAN WK t
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      Page 17 Advertisements Column 1
      504 17 L. PIL GROUP EAST AFRICA/REDSEA SERVICE COLOMBO/KARACHI/P. GULF SERVICE SINGAPORE/CHITTAGONG/RANGOON/SERVICES KOTABUANA. KOTA GAJAH Singapore 15/20 Fab Loading For: Chittagong, Madras SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES IP/6 Fab KOTA MACHAN. SINGAPORE/INDONESIA/SINGAPORE SERVICES S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ VESSEL H'KONG SPORE S'PORE H'KONG Nap. Topaz 30S/31N Nop. Zircon 30S/31N ig. 29-30/1
      504 words
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      Page 17 Advertisements Column 2
      233 17 fiL BLUE STAR LINE JftS. SINGAPORE NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH AND PORT CHALMERS FOR AUCKLAND, WELLINGTON, CHRISTCHURCH FIJI I 0 t v SHIP AUSTRALIA STAR NEW ftAIANO STAR NEW PLYMOUTH PT CHAIMIRS SPORt AGENTS MKRLION SHIPPING AGENCY PTE LTD. 1102 A
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      Page 17 Advertisements Column 3
      930 17 BEN LINE CONTAINERS EXPRESS COMAKER SERVICE TO/FROM EUROPE M BURG 8 HAVEN OOAM HAVRE SOTON S port P WjhiUCbiwij l Austru Antwrp FrjactMUK Hanfkan( Eip.ni 25/2 77/2 N/1 22/3 HaaMl Eaprtu 4/1 29/1 21/1 Ta*» Eiprtu 10/3 21/3 30/3 hwi/twt Pn| Hut Bhaacn Rdam Hj»r» UK Ka SM 4/2 dtlhni
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      Page 17 Advertisements Column 4
      712 17 Kmmmmam I v I i o> 1 f k f 51 fin k a i 7 'A' V 'a! Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE FaaM FaaM (Kid SparT|nM»Ms?)«Mal>»rMn4)6M hmsa sm toooon wo oun ust u/J nn »n tut (MUM 7/7 MM WON 11/7 75/7 2/1 VI VI I
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      Page 17 Advertisements Column 5
      470 17 BOUSTEAD SHIPRING AGENCIES BANK LINE FOR REUNON SOUTH AFRICA SHIRRA BANK SINGAPORE 30/3 •to Reunion 11/4 Durbon 16/4 Copetown 23/4 PtEH* 21/4 (also accepting East London and Maputo carp) Lukes/ 4 Linos U.S. NEST COAST SERVICE Dkad fro* SfO Ibdi STO« ASHLEY LYKES >£td 9d l«/ 2 BMNTON LTKES 3/2
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      Page 18 Advertisements Column 1
      752 18 x~ K line KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA Fomvissas* pk liSwIN Sail ISt*V-l U/2 T* fm*i let 04N 15/2 17/2 Ace Eariar If** ten*b atoo avaiaMc on rt^ml C«|Mt Ida accept a* tar Oakland. Vaacemer. Ntttand. Houston Gahwton New Ma Bastan, St. Ma. M<a»p*ii. Martafe.
      752 words
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      Page 18 Advertisements Column 2
      607 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Lpa** tar lOS MGOn. UN FRANCBCO. SEATTU, TACOMK. VANCOUVER. IC Accaplr* fCI/Fa CantMWi P Katonj S«(apor« I tapm KSXI" I FA I Ft* Site AUSTRALIA EXPRESS CONTAINER SERVICE Accepta* fa/Fa Minn PKciant S'pott Bri Mdb Ud Syd Frcn "RAMDAS" II Fit 19 Feb
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      Page 18 Advertisements Column 3
      530 18 r=_ !S S/\(ir(Hi|i SINGAPORE SHIPPING AGENCIES PTE. LTD. 20TH FLOOR OCtAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 L INESI GENERAL *****1 114 lINE Si TERMINAL Of FICE *****83 TELEX RS 2469S RS 2SS6B A 0 CARSHIP CABLE CARGOSHIP lte«|ioiml ILLIiP Container Lines WEEKLY CONTAINER SERVICE to/from BANGKOK BANGKOK (Sun) Dodurimt
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      Page 18 Advertisements Column 4
      605 18 r KORINS MARITIME SERVICES Room 601. ICB Building, Shenton Way. Singapore Tel *****22 *****67 MIDDLE EAST/RED SEA/EUROPE SERVICES SAfM ICk LINES A memoef ol me Sim** GtxjP ot Compa"** UNfUSLRViCf f«OVKOBfA TA'WA% riONG KONG TO Si\GAPO«t I KOOK *74....Ktetaf HJtwif Spar* ,31 iar 10 Feb IT; Hy undue Inter prise
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      Page 18 Advertisements Column 5
      662 18 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone **********4057 REGULAR BBtPEIBUII soma TO EMOPE Spare P. Ktiang Peaang Laadtag tar NORAS* NBII3 24 Fek 3 Marck BOULOGNE/TDMA/ UK (AVON) Arentt S«apert MTRASEA (TIE) LTD 2352(11 BOOKMC *****57 K LMpv- YEO SMPPBK I TRADBK 410(44. 4M742. 40M78 fmm
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      Page 19 Advertisements Column 1
      727 19 NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): 0. CHEF 23N N. JADE IW+ HK CONTAMER 2« C. CONTAMER lON S.S. BRDGE m N GARfCT 4W K. CHANCE m Spore In Port 6/2 12/2 18/2 24/2 1/3 6/3 Containers Feedered to/from F'stowe Also accepting cargo to/from Scandinavia +N. IAOC S
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      Page 19 Advertisements Column 2
      374 19 MALDIVE LINES ETA KUAMTAN ETA PORT KELANG MALDIVE NEIGHBOUR 15/2 Loading For Dubai/Bahrain/ Dammam MALDIVE PEACE 20/2 Loading for Dubat/Damman Kuwait MALDIVE MAGE 17/2 Loading for Kuwait MALDIVE PUWER 17/2 Loading For Jeddah MALDIVE MTORTER 15/2 Loading For Male MALDIVE PROGRESS 15/2 Loading For Khorffakan/Dubai/ Abu Ohah/Damman MALDIVE CREST 6/2
      374 words
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      Page 19 Advertisements Column 3
      244 19 v«j. m-w Genera) Survey a* <—ftil carjo dtoeharjed ex the above veMel will be held on Jrd February 1* from LI a m No further survey will be held after thta dale. <$ SINSOV SINGAPORE SOVfT SHPPMG CO PRIVATE LTD SUSOV BULOMG 55. Market Street Seaport 0104 TMaphim Nmbore *****3
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      Page 20 Advertisements Column 1
      354 20 A AMTOLL LINES Direct B I' to Adelj'de Melbourne Sidney Brisbane Independent FCI Container Conventional Liner Service Port Sd Drott Ml* Saialand Soi Prott Sijiport Feb 10 Feb 21 Mar 5 Mar 2* Port Ketanf Feb 13 Feb 25 Mar 9 Mar 27 Bftbam Fib 26 Mar 10 Mar 23
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      Page 20 Advertisements Column 2
      292 20 PERKAPALAN LAUTAN BIRU SON. BHD. P O Box 220. Kot* knabakj Sabah REGULAR IMR sarvia Sabah Sarawak Bangkok Smgaport- Port Ktimg H Agents: M'li*: Port Ketang: SEALKDN SHIPPING <M) SON BHO Tel *****4. *****9 *****1 Tlx MA ***** PeiMflg: SEIAMA SHIPPING TRANSPORT SON BHD Tel *****1. *****2 Tlx MA***** P.
      292 words
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      Page 20 Advertisements Column 3
      346 20 THAI YANG SHIPPING CO. SDN. BHD. VOT 111 MPM M WT 2/11 14/15 F* MM w* l/n ivm m iM/n U h--1 NAM HUA SHIPPING SDN BHD W a MM MM IB 1 l/n 11/12 fat MV 91 MM MM IB 3 2/U 21/ MM IN Ml MM MM IB
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      160 20 Regional Weather v Y s A 35 er< p* C yA cr* SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AJM. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with qwed in knots J* 1 Wave height Gaudy Sky SubM winds are indicated ky arrows which fly with
      160 words