The Business Times, 5 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 THURSDAY, FEBRUARY 5,1181 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Tea company
      76 1 Reuter NEW DELHI, Wed. The Indian government has approved in principle the setting up of a tea packaging and marketing company in Singapore. The company will be a joint venture between the Tea Trading Corporation of India and the Singapore-based 20th Century Foods. The two companies will share
      Reuter  -  76 words
    • Article
      Lock icon Japan has fuel surplus
      47 1 UPI TOKYO, Wed. Japanese efforts to conserve energy have produced a fuel oil surplus. Officials said the surplus will be exported to Singapore. Mobile Ou (Japan) recently signed a contract to sell 380,000 barrels of so-called C-grade heavy fuel oil to Singapore. UPI
      UPI  -  47 words
    • Article
      Lock icon Soviet tanks for Iraq
      60 1 Reuter WASHINGTON, Wed. Soviet tanks have been shipped to Iraq by way of Saudi Arabia to help the Iraqis offset heavy armour losses in their war with Iran. US officials said the tanks, estimated to number about 100, are believed to have been sent from communist
      Reuter  -  60 words
    • Article
      Lock icon Protest against Nissan
      85 1 UPI TOKYO, Wed. Nissan Motor Company said it will go ahead with the construction of a US$3OO million truck assembly plant in Tennessee, despite a union protest that disrupted a groundbreaking ceremony. A Nissan spokesman said the project has been welcomed favourably and the State of Tennessee
      UPI  -  85 words
    • Article
      Lock icon Spirit of goodwill
      83 1 AFP KUALA LUMPUR, Wed. Acting Prime Minister Dr Mahathir Mohamed today urged the Chinese community to ponder on the existing harmony in the country that has enabled all races to celebrate their respective festivals in a spirit of goodwill and peace. In his Chinese New Year message,
      AFP  -  83 words
    • Article
      Lock icon Japanese exports rise
      81 1 UPI TOKYO, Wed. Supported by active foreign demand for electrical machinery and cars, Japan's exports on a letter of credit basis rose 15.1 per cent in January from a year ago to $7.64 billion, the government said today. The Bank of Japan and the finance ministry in
      UPI  -  81 words
    • Article
      Plans withdrawn
      62 1 CANBERRA, Wed. The Australian government today withdrew plans to stage a universal exposition in Sydney in 1968 as part of its bicentennial celebrations. Prime Minister Malcolm Fraser and the New South Wales state Premier, Mr Neville Wran, said their two governments had reluctantly concluded that It is impractical
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    • Article
      Lock icon Petrol rationing
      63 1 AFP JAKARTA, Wed. President Suharto today led an "economic stabilisation council meeting" following the sudden rationing of petrol by the state-owned Pertamina oil company. Since last night, cars have been queueing at petrol stations here, a quite rare scene which indicated a shortage of petrol. Pertamina officials said
      AFP  -  63 words
    • Article
      Lock icon Fewer cars registered
      52 1 Reuter TOKYO, Wed. Japanese new vehicle registrations fell 36.1 pa* cent in January to 206,206 from 321,074 in December and were 8.6 per cent down from 224,421 in January 1980. The Japanese Automobile Dealers Association said it attributed the decline to a general slowdown of domestic economic
      Reuter  -  52 words
  • Chief Price Changes
    • Article, Illustration
      KUALA LUMPUR
      138 1 Rises Sea View 830 +130 B Raya 780 +60 SSSJ* 1200 +60 OCBC 1(30 +60 Supreme Corp PM Hold §00 750 +30 +30 Magiwin 2330 +30 Hobs Leoog Fin 8C5 +25 SH Chan 312 +22 AMD 250 +30 Town* City 420 +20 MBS 560 +20 UO Bank 610
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  • Article
    Building soon of oil terminal
    637 1  -  CONTRACTOR BEING SELECTED By RONNIE LIM CONSTRUCTION of a giant oil storage terminal on Pulau Sebarok, the first of its kind in South-east Asia, will start around mid-year. This first-phase $75 million construction will involve basic infrastructure (which includes a Jetty) and tankage capacity of
    637 words
  • Article
    Not the place for rational ideas
    480 1  -  By SALMA KHALIK MR S Rajaratnam said yesterday that the NonAligned conference at New Delhi is not the place to put forward rational ideas because it is "legitimate game" to fix such conferences. He also suggested that non-communist coo tries in the world think
    480 words
  • Article
    Office rentals may soar
    383 1 RENTALS for prime office space may soar to as high as $10 per square fool by 1965, and the already bad shortage of space is likely to worsen steadily at least until 1983. Property consultant firm Richard C H Williams made this forecast in its anmmi
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  • Article
    SMA plan to make Singapore Fair a big affair
    246 1 THE SINGAPORE Maaafaetarera Asseelatlea (BMA) has ■appil eat a preasettoaal strategy Is tea ttk year's Wagspsrr Pair lata aa toteraallaaal The strategy tovelves us Msg BMA sflMals to several usaatriss to get mere hnip etapuka take part to the fair, wMeh
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  • Article
    Families must stick together says PM
    469 1  -  By MARGARET THOMAS FAMILY members should look after each other. This is the dominant thought in Prime Minister Lee's Chinese New Year message to Singaporeans. "It is unsound," he says, "for a Government to take over family responsibilities, for we shall damage the basic
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      33 1 mUIHVv Paper Shredder Shredi Unwanted Paper iDocuments (6 models available) S lOTTDI BUSINESS machines SYSTEMS (S) PTE. LTD. 47, Podium Block, Goldhill Plaza, Newton Road, Singapore 1130 Tel: *****02,*****94 (3 lines) Cable: "Busnestems"
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      Page 1 Advertisements Column 2
      286 1 r\ X > The Editor and staff of Business Times wish all their readers Sheng Yi Xing Long. May your business flourish in the New Year. money grow Lombard North Central is part of one of the world's largest banking groups and we have a history covers more than 100
      286 words
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      Page 1 Advertisements Column 3
      71 1 Leader Page < I SHIPPING TIMES SHORTAGE tt Mopttcr fr» OUTLOOK tor tola tat u< grammeri may mm be ever..... de«t0cfceinark........................... I THE Year «f the Reeeter Md PROSPECTS (er the tecal sklpy I balkttag tada5try....................... 11 COMPEIITION gettlig stttfer PRESSURE m petreleam ti 24-hear bMklig t 5teek5....................................... 12 CBOfISWOBD
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    • Advertisement
      Page 1 Advertisements Column 4
      267 1 i '+%>`@|:=!;;}>:&_!*%{&[<+}{@&~$ Is Oil blowing ICAP apart? ABQ 4th Quarter CAP doe not appear to. be working out very wel. When Australia introduced CAP some two yews ago. it sought to create a tower air fares market which would also boost the revenue ot its national carrier, Qantas. But since
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  • OVERSEAS
    • Article
      Lock icon US soldiers in S Korea deter Soviet expansion
      590 2 AP PRESIDENT Chun Doo Hwan of South Korea said that US troops are needed in his country not only to prevent aggression from North Korea but to tie down Soviet troops and "stay the hand of Soviet expansion". The South Korean president
      AP  -  590 words
    • Article
      MEF wants check on union go-slows
      452 2 THE MALAYSIAN Employers Federation (MEF) has warned that industry will face serious trouble if the go-sloW and work-to-rule tactics of unions continue unchecked. An editorial in its newsletter of this month said the MEF has urged the Ministry of Labour and Manpower to pay
      452 words
    • Article
      Lock icon Asean's recognition not very important says Hanoi
      236 2 AFP VIETNAM does not attach great importance to Asean's recognition of the Hanoibacked Kampuchean government, foreign minister Nguyen Co Thach said in an interview published in Paris on Tuesday. He told the daily Le Monde that there should be a negotiated solution to
      AFP  -  236 words
    • Article
      M'sia paying more for each unit of imports
      422 2 MALAYSIA is believed to have paid more for each unit of imports and received less for exports last year because of the slide in prices of some of its exports and continued inflation in the major industrialised countries. Although whole-year figures are
      422 words
    • Article
      Lock icon Washington would consider Israeli request for troops
      963 2 NEUTRON BOMB FOR EUROPE UPL Reuter DEFENCE Secretary Caspar Weinberger said on Tuesday that the US would consider a request from Israel to base American troops on Israeli soil if such a request is made. He also said he is reexamining the possibility
      UPL; Reuter  -  963 words
    • Article
      Lock icon US must take steps to stimulate economy
      481 2 Reuter THE United States must take steps to stimulate its economy and lower interest rates if the world economy is not to go into deeper stagnation in 1981, said the head of West Germany's Dresdner Bank. Bank managing director Hans-Joachim Schreiber also believes
      Reuter  -  481 words
    • WORLD IN BRIEF
      • Article
        Lock icon CALL BY UNION CHIEF
        652 2 Agencies THE leader of Japan's largest labour organisation yesterday called for Joint efforts by workers to press for a large wage increase of more than' 10 per cent this year. Speaking at an extraordinary convention of the four million-strong General Council of Trade Unions of Japan
        Agencies  -  652 words
    • Article
      Lock icon Quick rise in US debt ceiling urged
      202 2 Reuter THE US Congress must quickly raise the ceiling on the national debt by US$5O billion to avoid a major disruption of financial markets, Treasury Secretary Donald Regan said on Tuesday. The present debt was near the 1935.1 billion ceiling. If Congress fails
      Reuter  -  202 words
    • Article
      Lock icon CBI tells Howe to cut taxes on companies
      510 2 Reuter CHANCELLOR of the Exchequer Sir Geoffrey Howe can reduce taxes on companies by £1.3 billion without increasing personal taxes and still achieve a slightly tighter fiscal stance in his annual budget due on March 10, the Confederation of British Industry (CBI)
      Reuter  -  510 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      761 2 ARRIVALS Sorriee Local Operator Nuaber Tiae Proa PAA PA 005 0030 JFK/SPO/HKG MAS MH60I 0(30 KUL SIA SQ101 0815 KUL MAS MH605 0830 KUL MAS MH6Z1 0836 PEN RBA Bid 0830 BWN MAS MH671 0330 KUL SIA SQ2U 1000 HLP SIA SQ103 1000 KUL CPA CX710 1006
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    • Article
      Lock icon EEC states may take individual action against Japan
      264 2 Reuter MEMBER states of the European Common Market may take individual action to cut imports from Japan because months of talks at Community level have produced no tangible results. EEC Commissioner for External Affairs Wilhelm Haferkamp told the 10-mem-ber states' permanent representatives
      Reuter  -  264 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      479 3 V 1 V < .cjiKJIKJIKJIUIU. diDrarararararanj.. .ierararararararararara>. •irararararararararararararc. jSEErararararararararararararai. 'rorarararßrararararararßrorararararc .Brarararararam"drararararara"- rarararararar jmrerommrp' 'rararararar KDrararar immmrnn .drarara.. tflrararararanji. <flrarararararararaniiw jrararararararararararara. rarararararara rararar iSffiSIP irararararara rararai dfDraraiu rararararara rararai ~jjrararararan>. Brararararararara .rergp* irararararararara Jffi r .drarararararararafßiii. rararararararara orp .drararararararararararafLrararararararara jrarararararararararararararararararararara jSESHgrararararafflrararararararararararararai n •jrarararararararararararararararararararararararan iu .jßKS n]rararan Ira jrararararararp' -rurararararararararara re iSffiffiSSSP
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  • RAW MATERIALS
    • Article
      Lock icon US Congress studies bill for tax straddles
      547 4 Reuter ttffi MAJOR news in the commodity markets last week had nothing to do with the behaviour of prices. Rather, it concerned the introduction of a bill in the US Congress last Tuesday that would forbid the common use of commodity futures tax
      Reuter  -  547 words
    • Article
      New replanting formula to help rubber smallholders
      328 4 t A. NEW replanting formula is being drawn up by the Malaysian government which will stimulate replanting of rubber smallholdings by "hardcore" smallholders. Datuk Seri Sharif! Ahmad, Minister of and Regional Development, said the formula would be incorporated in the replanting scheme from
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    • Article
      Straits Tin
      81 4 THE SntAITS tin priee la Peaaag yesterday rsee 14 eeato te MS9MI a kite aad still within the Interaatlsaal Tta Agreement's middle raage prlee ef $MJI to $38.74, dealers said. The rise wm mainly attributed smaller esatribatteas ef tin and steadier evenright Leaden advtoes. Sterling's strength agaiast the
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    • Article
      Lock icon World cereal output this year must rise
      215 4 Reuter WORLD cereal production this year must increase by a minimum of 4 per cent, or 62 million tonnes, simply to meet greater demand in 1981-82. The United Nations Food and Agriculture Organisation (FAO) said that if stocks were to be replenished to
      Reuter  -  215 words
    • Article
      Lock icon Malaysia's tin output falls
      56 4 Reuter PENINSULAR Malaysian tin concentrates output fell to 6,968 tonnes containing 5,258 tonnes of metal in October from 6,977 tonnes, containing 5,272 tonnes, in September 1980. Deliveries of tin concentrates to smelters from mines in October rose to 7,361 tonnes containing 5,554 tonnes of metal from
      Reuter  -  56 words
    • Article
      RUBBER
      139 4 IN Tskye, rubber futures closed at or Just below the day's highs with small gains of 0.9 to 0.6 yen in light trading. The market recovered slightly on bargain hunting and short profit-taking mostly from smaller investors attracted by lower price levels despite easier overseas advices on Tuesday night,
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    • Article
      Produce exchange
      171 4 CHINESE Pradsee Exchange, Segspere, rlirtng price* per IN kg Cimit (M: Bulk fob *129.00 sellers, old drum (in second hand drum) fob $139.00 sellers, new drum fob $1*5.00 sellers. Cepra: Mixed (loose) 179.00 buyers. Pepper: Muntok white pepper fob Astt NLW $432.50 sellers, Sarawak white pepper faq fob
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    • Article
      SOYBEAN
      227 4 SOYBEAN futures in Chicago on Tuesday ended at new day's highs, up the 30 cent a bushel in July to 22V4 cents higher in new crop. Most old crop months settled with about 29 cent gains. Follow-through local and commisikMi house buying into a void of sell orders accounted
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    • Article
      WHEAT
      221 4 WHEAT futures in Chicago on Tuesday closed on top of a 7Vk cent range, up 10V« to 8V« cents a bushel in revived trade. Sympathetic local shortcovering following the runup in soybean futures lifted values from the start, sources said. Traders also attributed strength to increased export interest, constructive
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    • Article
      Lock icon Palm oil exports likely to drop
      229 4 Reuter INDONESIA'S exports of palm oil are forecast by foreign Industry experts to reach 325,000 tonnes in 1981, down from an anticipated final 1980 figure of between 380,000 and 370,000 tonnes. The total could be higher' if, as happened last year, not all allocations
      Reuter  -  229 words
    • Article
      Thai exports likely to rise
      166 4 THAILAND'S basic export commodities, rice, tapioca, maize, rubber and sugar, will |jeifuui better during 1981 than last year. Tbe Board of Trade of Thailand (Bot) said the country's exports in 1981 will rise to USJB.6 billion against 6.6 billion in 1900, but the overall trade
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    • Article
      LONDON MARKETS
      1024 4 COFFEE: Robusta futures closed steady on Tuesday, £8 to £7 a tonne down from Monday with untraded deferred months showing little change. Turnover was 2,073 lots including 16 options. Late afternoon dealer and commission-house trading from both sides of the market held values steady with little change from
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    • Article
      RICE
      163 4 SINGAPORE: Yesterday's closing prices in SI per kflo, ofodon: THAI WHITE. 100 per ess* first class (Kangaroo) sew crop 1.17, 100 per cent second class 0.97, 100 per cent third class 0.98, 25 per cent new crop no stock, B-10 per cent OJS. THAI BROKEN: A-super 0.77, Special 0.15.
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  • ASIAN STOCKS
    • Article
      Sydney
      233 4 BARGAIN buying yesterday encouraged by a firmer gold price helped stocks stage a minor recovery, dealers said. Demand (or selected mining, oil and retail shares helped the Australian all ordinaries index firm 2.2 points to €47.0. KFB 04 Cenu INDUSTRIALS A. C I 212 -2 A N 1 30b
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    • Article
      Shares close mixed
      159 4 TOKYO STOCKS yesterday closed mixed in_ nervous trading with many investors fearing a possible restriction on margin trading and high prices, dealers said. The market average shed 2.90 to 7,288.31 in moderate trading with volume 330 million shares. The Tokyo Stock Exchange index added 0.17 to 510.40.
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    • Article
      Hongkong
      253 4 KEB 04 HKS Amal Rubber Associated Hotels ft. 90 -01 Bo waters Cheung Kong 38.75 0.25 China Engs China Light ZI 25 10 -01 City Hotels City Urban Cnmrnfiol Crou Hart) Tunnel 9 70 I East Asia Navig Far East Exch Pnilex oizsa 0 0025 H S Hotels 51
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    • Article
      Manila
      101 4 FEB 04 Pesos Acoje Mining 0084 0 0004 Alias Coo A AUa» Con B n -03 Bafuio Gold 0054 unch Bnwwl Con B S3 4 BK Goodrich 11 unch CUCP i unch Inro Landoil Lepanto B 1360 -oocrn Mannduque B 10 unch Meralco Oriental A Oriental B 06 unch
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    • Article
      Selected indices
      51 4 FINANCIAL TIME8 INDUSTRIALS Tuesday 478.6 Monday 487.6 Week Ago 487.4 DOW JONK8 AVERAGE INDUSTRIALS Tuesday 941.38 Monday «125 Week Ago »48.48 HJLJIANG SENG Wednesday 1880.82 Tuesday 1841.00 Week Ago *****0 AUSTRALIAN INDUSTRIALS Wednesday una v Tuesday 884J) Week Ago 886.1 ALL ORDINARIES Wednesday una* Tuesday——, 844* Week Ago
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      433 4 Businessmen, Are You Getting Your Shore of the Billion Oil Industry? The South East Asia 04 Directory 1960-81 (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
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  • TRADE AND INDUSTRY
    • Article
      Getting more Australian conventions to Singapore
      362 5  -  By WONG AI KWEI THE Singapore Convention Bureau (SCB) will send a delegation to Australia next month to woo more Australian associations to Singapore. The three-day visit, the sixth in a series organised by the bureau since last March, is also aimed at increasing
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    • Article, Illustration
      PEOPLE IN BUSINESS
      147 5 METRO has promoted Jaek Sehaler general manager. Mr Scbafer, with 21 yean of experience in the retail trade, Joined Metro last year as deputy general manager. In 1976, he Joined the Peace Corps as its director and took charge of its programmes in Senegal, Africa and elsewhere.
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    • Article
      MEMO PAD
      472 5 BEMINARB AND COUBBEB Feb 9-28: Introduction, principles and practice of Kiln-Drying of Sawn Timber Course, Regional Language Centre, Timber Industry Board of S'pore Feb 9-Mar 11: Basic Course in Microprocessors Module 2, YMCA Palmer Road, National Productivity Board Feb 10-Apr 3: CDP Module 2 Systems Analysis and Design,
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    • Article, Illustration
      HIAB-FOCO AB WINS AWARD
      196 5 THE Geneva-baaed International Institute for Promotion and Prestige has awarded the International Trophy of Industry to Hlab-Foco AB of Sweden for its achievements in hydraulic technology and the manufacture and marketing of vehicle-borne hydraulic loaders. The award was presented on Jan 21 in Stockholm to Mr
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    • Article
      Swissair's Far East passenger traffic up
      126 5 PASSENGER traffic on Swissair's Far East routes rose 5.5 per cent last year. Full figures for the airline's performance during the year show that Swissair operated 98,660 flights during 1980, an increase of 2.2 per cent. It carried 6.9 million passengers on all legs
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    • Article
      SEMINAR
      37 5 ABOUT 10 prominent Japanese industrialists and management specialists will present papers and case studies (hiring a 2Vi-day seminar on 'Japanese Personnel Management and Industrial Relations' to 1» held from April 9 to 11 at Shangri-La Hotel.
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    • Article
      Exhibition organiser buys computer
      166 5 INTERNATIONAL Fair Promotion and Marketing Services, Interfama, recently became the first exhibition organiser in Singapore to computerise with the purchase of an AES Plus computer-word processor. Interfama bought the Canadian-made computerword processor, also known as the Lanier No Problem typewriter, last month at a cost of
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    • Article
      Target of 500 programmers
      416 5  -  By LILLIAN CHEW THE Commercial and Service Polytechnic to be set up in early 1964 will be sited at East Coast Park. This was disclosed by See Yat Tuck, a consultant with the National Productivity Board's Computer Services Unit. Mr See, who presented a paper on
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      Page 5 Advertisements Column 1
      161 5 Subscribe lo Business Times now and gel 41 issues free Subscribe to Business Times directly and save $25 (It's like getting 41 issues free) Here's a great opportunity for you to join the increasing number of Business Times readers who subscribe directly to us. If you subscribe now, you pay
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  • Article
    Make a habit of togetherness
    379 6 AT CHINESE New Year, as with the other festive occasions that Singaporeans celebrate, it •is a rare family that does not make some attempt at a reunion. These reunions, as Mr •Lee points out, are a particular custom of the 'Chinese. But it is, in
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  • Article
    The time has come for real support
    274 6 feT i may not be Mr Rajaratnam's Sforte bat he does talk a great deal of •commonsense. In the international arena the latter commodity is in a great deal shorter ►supply than the former. Of course, it also tends *to make a great
    274 words
  • Article, Illustration
    Year of colourful pageantry. ..
    692 6  - Year of colourful pageantry. Today is considered the most auspicious day on the Chinese Lunar calendar. Today marks the end of the Year of the Monkey and the beginning of the Year of the Rooster a year of colourful pageantry and hard work. FOO CHOY PENG, on this page and
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  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      199 6 jJLI 1 TO J2SS&&* Why idle away your life and languish in poorly paid jobs with no future IWhen you can move ahead with the RIGHT QUALIFICATION? now with FEDERAL PUBLICATIONS HOME STUDIES DIVISION "foe any of the following courses and get just THAT QUALIFICATION! Institute of Administrative Institute of
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      710 6 _;`/%<]@-,.:&.%%:%\<'`$*(!,;@>$ H w CRYPTIC PUZZLE ACBO6B 3 Funny, but he's basehearted (5) 8 Maud's turned author (5) 10 He goes on Shanks's pony without a hitch (5) 11 Animal with a certain walk (S) 12 A funny thing to read (5) 13 Wasn't the engine driver, yet he may be
      710 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      105 6 Great western classic A TOP BOX efflee tow to Jaet MM el Ike muy festlvr May*/" MUftjMMttiM "Gaaflght At OK OmT to fight hetweea Ihntol Wyatt Bmp ud Dm Hemtoj, Hi Ik* CUytaa Qug. Bart I iwwtw aad Kirk Deagtoa mklto Mkg Lift. Mare town Ike Captata ud Teaaille, Ike
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    • Miscellaneous
      Page 6 Miscellaneous Column 3
      726 6 My 8kta" Mi "What KM la the H«iM»y Night Mivte a ehaae. U Nejaek calls 01 PnI Am I" will be heard M. "Marier Cab Hart mm «f the heel pedeeoMa besMes ithw la 1Mb My- Tea" la a paraiy «f Bird- h the werM together at aa ariaate shew.
      726 words
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  • Article, Illustration
    Conscientious traits
    520 7 EACH Lunar New Year is symbolised by one of the 12 animals which form a complete cycle of 12 years. These were the beasts that were present at Buddha's deathbed. First to arrive was the Rat, followed by the Ox, the Tiger, the Rabbit, the Dragon, the Snake,
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  • Article, Illustration
    Lock icon ASIA HOPEFUL
    945 7  -  TED CHAN, joining in the Lunar New year spirit, tells us that Asia is hopeful the Year of the Rooster will bring prosperity. The countries hope to recover from spiralling oil import bills, double-digit inflation, trade deficits and tanished markets. TED CHAN UPI THE YEAR of die rooster
    UPI  -  945 words
  • Article
    Lock icon Told to use the front door
    759 7  -  FORUM with RUSSELL BAKER NYT ANDREI Gromyko looked more dour than usual when he called upon the First Secretary. "Comrade Brezhnev," he said, "I hardly know how to begin." "Give it to me straight from the shoulder," said Brezhnev. "Better yet, let me guess."
    NYT  -  759 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      282 7 N«w available aa Update t0... The key to under standing ASEAN The ASEAN Report Update Published hy The Asian Wall Street J The ASEAN Report gave businessmen for the first time a key which opens the door to doing business with the countries within the Association of Southeast Asian Nations
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        197 8 FEB 03 Fls AHN ***** -0.7 Ahold 67 80 -02 Akzo 15 70 -0.2 AMKV 99.10 -0.2 Am fas 118-10 0.2 Amrobnk 54.50 -03 Bergoss 32.00 Berk 45.80 08 Bols 55.20 0.1 Bonumij 222 00 -1 Burhmann 58 00 unch Byenkorf 38.00 -02 Caland 29 80 -03 Calve Delft
        197 words
      • Article
        Paris
        249 8 FEB 03 Frs CORBEILLE Air-Liquid? 477 6 B S N Gervals 19 Danone 1034 CSF (Thomson- U C»f) 384 Cle Francaise des Petroles 219 unch Compagnie Kinanciere Compagnie unch Generate J 380 Credit Fonder -13 Ue France 409.50 Hachette (Librairie I 353 •X Machines Bull 96 1.5 Michel in
        249 words
      • Article
        Brussels
        90 8 FEB 03 Fr* FORWARD MARKET Artt 271 5 Arbed 1130 70 Aslur 350 Brascan 904 -6 Bru-Lamb 900 t anpac 1242 Ml Cock 200 -5 De Brers 284 7 EbM 1720 .5 Electrobel Gb-Inno-Bm II 1995 35 Gev 1290 unch Hobok 2S30 -IS Petro 4990 •140 Ryl Dutch 3040
        90 words
      • Article
        Frankfurt
        217 8 FEB 03 Dm Arg-Telefunken 67 00 -OJ Akzo 14 «0B unch A1U Leben lOTOXB -10 Alii Vers 458 00 -4 BASF 118 80 -09 Bay H T Wbank 198 00 -3 Bay Vbank 287SO Bayer 108 10 -05 BBC 255 20B BMW 143 00B Cassella 300 00 unch Cl»m
        217 words
      • Article
        Zurich
        181 8 FEB 03 Francs Arlions Suisses 28k -1 Alusuisse Br 10S0 -15 Alusuisse Reg 416 Brown Boveri Br 1330 -20 Clba Oeny Br. 'TO J Clba Geify P C 750 -5 Ciba Geify Km Credit Suisse Br 557 2500 unch Credit Suisse Reg 450 unch Eleklrowatt Br. 2510 -10 George
        181 words
      • Article
        Milan
        104 8 FEB 03 Lire Anic 170 unch Assoc Gen -6700 Batlogi 775 -245 Crntraie SUBS -2710 fiat 2150 •125 insider 80 -4.75 Gen Immot) 2445 -90 IF! Pri 5100 -280 I la Icemen U BMI -2000 Iuigas 2000 170 Iialsider 285 unch Magneu M Pf 645 4 Mare 111 Ert
        104 words
      • Article
        TORONTO
        190 8 KEB 03 Ct Ablllht a. Alcan SB Algoma 4l'i 'J Bank Mont SO'- Bank Nova Scolla S3'. Bell Tel IB unch Beth Corp BP Can Ltd 41 Brasran 33 Camp Red Lake SO *o Can Imp Bk 29'; Canpar 43 Canpar Inv Pf Il'i 'a Carting O Keefe 0
        190 words
      • Article
        JOHANNESBURG
        319 8 FEB 03 Rand INDUSTRIALS A Alpha MM A bercom 296 unch AE And CI 745 -25 AMIC 2050 -200 Btrtowi 955 -15 Cf Sugar 1575 -25 CNA 400 -10 Cume Finance 100 -5 De Been Ind 2fc50S Ed con 53C -30 Edgars ***** unch Eveready Fed Voik 400 -5
        319 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      207 8 Where to wine,dine and entertain r* 'Jh \K I lie American l:\press Card. Don't leave home without it. Get away to Sentosa TW 03 jPV w -a wr "<r--a V m, Coats only HALF AS MUCH if you're residing in Singapore It's easy. lust book our chalet units, and enjoy
      207 words
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      Page 8 Advertisements Column 2
      150 8 lubertus SriU For lunch For dinner. For a richly rewarding experience. i ;usm>'ssmcn V .un, h to I-": I.t SIM >u lit' sol \i< f h.u l;»' < oss Rijst.ifH S.itut<i.t> a- Sun<l.i> SIT >11 lie. sci ai( h.u L,'f A cns •iA i'ions i .11! T.HT'HU" J I <'■ll
      150 words
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      Page 8 Advertisements Column 3
      123 8 -^@"*?@&^.@!"|-:;:_&)-`'+<~~%`} The Great family Do-lt-Mxirsetf Barbecue. 9 1 C >7 v.r 'Irk l. > +M •obW feat chooMarfwt you want and bMtnaic it MM. >M«ood vilacfe. WJC« Chef»tm and uwx iwaudimn «>ren avatabte $20+ for adults. *14+ for each cMd i*iderl2 Anytime from 7prrv>o 30pm A Merlin Gril Speciality From
      123 words
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      Page 8 Advertisements Column 4
      127 8 OOGOO Inn Of Happiness Now open at the Hilton Dine Dine Cantonese style. Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. ifM HUON MTHMmOMb
      127 words
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      Page 8 Advertisements Column 5
      193 8 c. W.VI T -JL"* *T* _r- t *Efr?"^ r The Dragon Palace Restaurant it where you can dine in vagal splendour and dence to the meHow sounds of yaelaryear with The Zodiac" Specious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy Ok lay
      193 words
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  • BANKING AND FINANCE
    • Article
      Argentine peso devalued
      244 9 ARGENTINE workers saw the purchasing power of their wages sharply reduced this week following a surprise 10 per cent devaluation of the peso announced by the government. The devaluation, to 2,226 pesos per dollar from 2,040 pesos, will be followed by gradual downward monthly adjustments to 2,707
      244 words
    • Article
      Lock icon Nordic currency changes likely
      660 9 Reuter THE PROSPECT for Nordic currency realignments before the end of 1981 now looms larger than at the start of the year, foreign exchange dealers and banking economists said. The Swedish and Icelandic crowns appear the most likely devaluation candidates and Finland could be obliged to
      Reuter  -  660 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        130 9 IN THE Singapore exchanges yesterday, the US dollar closed little changed from its opening levels here but was narrowly mixed compared with overnight New York levels, dealers said. grading was generally qutot in view of the coming Chlhese New Year holidays with the US dollar holding steady against
        130 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best cuatomera ia 14.5 per cent.
        22 words
      • Article
        London
        140 9 TH| dollar eased during Tueaday afternoon on London rumours that the West German authorities will announce a mark support package yesterday, but finished slightly above the previous close, dealers said. Sterling recovered to USJ2J49S/SlO at the close from its opening low of 2-3255/65, but was little changed from the
        140 words
      • Article
        Tokyo
        194 9 THE US dollar for overnight delivery yesterday closed firmer at 204.50 yen compared with a 203.90 opening here and 203.70/90 closing in New York overnight, dealers said. However, this was down from a 206.15 close in Tokyo on Tuesday. Trading was moderate bnt nervous with vofame USIBSB million. After
        194 words
      • Article
        HONGKONG
        77 9 THE US dollar yesterday traded narrowly mixed in very quiet early trading, with the market here now virtually closed for the lunar New Year holidays, dealers said. The Hongkong dollar eased to 5.3050/80 to the US unit from Tuesday's close here of 5.3000/30. Bankote rates yesterday US 5.26/5.28 UK
        77 words
    • Article
      Lock icon Increased forex reserves
      200 9 Reuter BRITAIN'S gold and foreign currency reserves rose USS9IB million in January to total 28.39 billion compared with 27.48 billion in December last year and 23.44 billion in January 1980. The Treasury said transactions during the month showed an underlying rise of $308 million, net of new
      Reuter  -  200 words
    • Article
      Downturn
      26 9 i THE outstanding balance of certificate* of deposit iaued by Japanese commercial banks in December fell to 1.93 trillion yen from 2.08" trillion in November.
      26 words
    • Article
      Lock icon Potential for lower bond yields
      885 9 NYT THE US credit markets are facing the prospect of buying and distributing US$B.5 billion of Treasury notes and bonds )ust as plans for fiscal and monetary policy in the coining year are being drawn up. The assertion that interest rates would be somewhat lower
      NYT  -  885 words
    • Article
      Afternoon rally lifts prices
      1250 9 NEW YORK STOCK MARKET BARGAIN hunting among recently depressed energy and technology stocks contributed to an afternoon rally that pushed New York stock market prices higher in moderate trading on Tuesday. Analysts also said investors were encouraged when more major banks joined the move to a
      1,250 words
    • Article
      Pressure on mark and franc expected to ease
      287 9 THE SWISS true ul Oermii mark remain (■■!•> mentally firm eamadM til eta be wpmiil u PBCtvif tram tkdf cvPMt mtam la He near fatare. Bwlii Natliul Baak praltat Prlts Leatwller said, after addrmring a Earapeaa Maaagemeat Syapiriam ia Daves, Swttaeriaad, that
      287 words
    • Article
      Lock icon Swiss time deposits
      39 9 Reuter rOUB have SpStot? SThSf teat age patat ta LU per eeat The haaks are Baah Carp, CredH Satose, Swiss Valkahaak aad Ualea Baak ef Swttaeriaai. The ratea apply ta caattater time ĕeas af OM« "feaaea."
      Reuter  -  39 words
    • Article
      Foreigners join the 24-hour banking fray
      454 9  -  By ALVIN TAY THE RACE towards 24-hour banking continues with the Hongkong and Shanghai Banking Corporation (HSBC) becoming the first foreign bank here to do the honours and Banque National de Paris is likely to be the first restricted bank to follow suit. Several
      454 words
    • Article
      AID FOR SEOUL
      52 9 JAPAN formally agreed to supply two loans totalling 19 billion yen to South Korea from Its Overseas Economic Cooperation Fund, the Foreign Ministry said. The loans, to finance the Improvement of medical and schooling facilities, are for 18 years after a sevenyear grace at 4 per cent
      52 words
    • Article
      OUT opens fifth branch
      116 9 OVEKBEAS Uaiaa Traat (OUT), a aahsMlary sf the Overseas Uaiaa Baak (OUB), will apea tto firth hraach ea Meaday. The mem toaaih, the ay's first daee IV», wffl aecapy the fanner presnlt* «I the OUB bmaeh at North Bridge Baad. It will previde tto same services
      116 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      45 9 b. Qfatinini restaurant Q^> Try our sumptuous delicacies from the Hunan Province. An Oriental dining experience. Business Hours: Daily 11.30 am 2.30 pm 6.30 pm —10.30 pm ORcdfe 214 Duneam Road. Singapore 1129 Tel: *****49,*****22 ext 126 m Tjuute Cuisine alu Kashmir (mat )rVavvix>H 'A'M\l >< '■>
      45 words
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      Page 9 Advertisements Column 2
      70 9 Higher rates of interest for your deposits at Chase Manhattan Bank ct wf Jaiua' t Si.t': All deposits are renewed automatically upon maturity, covering both principal and interest, for same tenor, at the interest rates prevailing at the time of renewal Your money earns interest all the time with Chase
      70 words
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  • Article
    BUSINESS DONE ON THE KLSE
    1294 10 BID and offer prices officially listed ud business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUSTRIALS linn (3.108) AMD (1488 2.SOS) (3) 2.32 (3) 2.38
    1,294 words
  • Article
    Lock icon Making housing bonds attractive
    656 10 NYT IN A time of wildly fluctuating interest rates in the United States, few American investors are willing to purchase long-term bonds. People who already own such issues have taken a beating. With current Interest rates at or near record levels, most holders of longterm bonds
    NYT  -  656 words
  • Article
    Unit trusts
    159 10 8D4GAPOU UWT TWJ (Mingifi' fhtrn 1m N The Commerce lit The Savtngt Fund 114 S pore Prog Fund 1* S pore Sac Fund IX S pore Invest Fund 117 S pore Equity Fund 1.47 vt k» U5 IS L«4 147 IS 134 MUUNRIBUR (M«n>ir pntai iif rii Mai
    159 words
  • Article
    SHARE INFORMATION SERVICE
    2711 10 1 MO/1901 Bl|k Low Caapujr Lsst 8 ale crm DiT Div Cwr uri YTd nn pre. Vol COOO) Wook High Low SECTION ONI INDU8T1IAL A COMMKBCIAL m m 136 m a IS M a M a a 110 131 a* 00 a a* iti a Aon* Alcoa
    2,711 words
  • Article
    Lock icon Doubt expressed over future direction of SEC
    420 10 NYT IN 1972, Mr William Casey, then chairman of the US Securities and Exchange Com Trillion, followed the advice of SEC enforcement official Stanley Sporkin, and rebuffed repeated pressures from the Nixon White House to slow a sensitive investigation into Mr Robert Vesco,
    NYT  -  420 words
  • Article
    Discounting the future with high-technology
    826 10 SOME analysts in New York fear that shares of highly favoured hightechnology companies are headed for a sinking spell that could last for months. The leading science-based companies Cray Research at a priceearnings ratio of 45, Computervision at 44 and Apple Computer at an astounding
    826 words
  • Article
    Buoyant mood in KL market
    597 10 THE Kuala Lumpur stock market closed for the Lunar New Year holidays on a firm note with strong followthrough and underlying support. Share prices continued to advance on the boards. Conditions were a shade quieter and selective in view of the half day's trading, but
    597 words
  • LATEST RESULTS
    • Article
      TANJONG Tin Derdglag
      60 10 has announced an ftlimlxl I*o profit of £536,000 (232,038 pravtouriy) before tax and exchange adjustments. Mining profit was £317,010 (£145,179) after depredation and expenditure in the UK. Interest and dividends received amounted to £166,010 (£96,559). A first interim dividend of L 5 peace (2 peace) will be
      60 words
    • Article
      MALAYSIAN Textile Industries Bhd
      63 10 announced an unaudited group pre-tax pro/it of Mi 1.06 million (1690,432) for first half ended Dec 3L Group turnover amounted to 114.94 million (*14.46 million). The company's pre-tax profit amounted to $685,941 (9934,468). An interim dividend of 3 cents tax-exempt (same) will be payable on March
      63 words
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  • COMPANY NEWS
    • Article
      Shipyard companies have good prospects
      796 11  -  By RUTH CHENG BRIGHT prospects for the Singapore Shipyard industry has led to strong recommendations for the shares gf Sembawang Shipyard, Keppel Shipyard and Far EastLevingston Shipbuilding (FELS). The oil-rig specialist, FELS, is expected to earn profit totalling $50 to $60 million in the next
      796 words
    • Article
      Khong Guan hurt by competition
      209 11 STIFF competition has squeezed profit margins at Khong Guan Flour Milling. For its half year ended Oct 31, the group saw a 6 per cent dip in profit after depreciation from 1490,046 to $461,260. These earnings were achieved on sales of $16.73 million and $20.02
      209 words
    • In Hongkong...
      • Article
        SUN Keng Kal Finance
        95 11 said it will issue up to HK$75 million of three year floating rate certificates of deposit (FRCDs) here. The limit could be raised to $100 million if demand warrants it, it added. The FRCD will carry an interest of either half per cent over the one
        95 words
    • Article
      Malaysia offers good return rates
      547 11 MALAYSIA offers a high rate of return on investment which is comparable with the best obtainable anywhere in the world. This is the conclusion of Mr David Hopidnson. chairman of M and G Investment Management, one of the largest investment trusts in Britain. He said
      547 words
    • Article
      DIVIDENDS ANNOUNCED
      160 11 O—< Ex Mi Date Tateltar PSfMt Date Chme PayaMe (Be year Prevtaaa AyerMatek 309KO Jan 30 Feb 15 Feb 26 30%(f) 25%(g) »»%(e) Jan 16 Jan 28 Feb 18 30% 15% KHUagfcaJl Tta 65% Feb 20 Mar 4 Apr 29 100% 50%(a) KLKapas 15% Mar 4 Mar 16
      160 words
    • Article
      SCRIP ISSUES
      320 11 Ctmpiay Psrtlealars Ex Date Basks Q Aom Proposed rights issue of 1 for 4 Alesm $180 per share Proposed rights issue NYA NYA o# J for 1 API a U-70 per share Proposed rights issue of 1 lor 1 NYA NYA CftC StLOO per share Proposed bonus issue
      320 words
    • Article
      COMPANY BRIEFS
      447 11 EHONG Giai Holdings Malumla Bhd has submitted the revaluation reports pertaining to the land and buildings held by the company's subsidiaries to the Malaysian Capital Issues Committee for approval. GENERAL Ceramics Bhd has given notice of an extraordinary general meeting to be held at 7th Floor, AIA Building,
      447 words
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      Page 11 Advertisements Column 1
      132 11 Wfe ve soared to dizzy heights Circulation has doubled in three years: an amazing record! Since Business Times was first published in October 1976, it has meant business: providing businessmen in Singapore with a reliable daily source of essential news. Now, circulation has doubled to over 10,000 copies daily, with
      132 words
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  • Article
    Decentralisation plan for library turns out well
    254 12 THE NATIONAL Library has successfully decentralised its home-reading, reference and information services in the past five years. There has been a sizeable drop in the percentage of total library membership at the Central Lending Library at Stamford Road from 60.6 per cent in
    254 words
  • Article
    Lock icon Marcos' promise to taxpayers in Philippines
    233 12 AFP PRESIDENT Marcos has assured the country's top 500 individual and corporate taxpayers that "private enterprise would continue to be the cutting edge" of his administration. However, the Philippine tepdr said his government would come in to regulate profits "if they are unreasonable". Launching
    AFP  -  233 words
  • Article
    Lock icon Tokyo threatens review of trade pact with China
    436 12 UPI THE JAPANESE government is threatening to review its US$2O billion trade pact with China if Beijing continues to suspend or scrap major plant contracts. However, officials at the Japanese Ministry of International Trade and Industry (Miti) hinted that more time is
    UPI  -  436 words
  • Article
    Lock icon Contingent tax cuts
    451 12 NYT AMERICAN Treasury Secretary Donald Regan has rejected the idea of making tax cuts contingent on achieving spending reductions. Doing that, he argued, would remove a principal feature of the Administration's tax plans of providing assurances, multi-year tax reductions that both business and individuals could count on.
    NYT  -  451 words
  • Article
    Lock icon Polish strikers force officials to resign
    372 12 Reuter STRIKERS have (arced four officials to resign in a southern province in Poland, easing the situation in one trouble spot but inflicting another potentially unpalatable blow on the communist regime in Warsaw. The resignations of Bielsko governor Jozef Abudek and three of his
    Reuter  -  372 words
  • Article, Illustration
    Lock icon IRANIAN STUDENTS HELD IN CUSTODY
    55 12 IRANIAN students «■«■> their arms as they leave the Iranian embassy in Manila on Tuesday alter police flushed them sat following a 12-hoar demonstration seeking the sacking of their ambassador tram the Philippines. The studeats, abeat 2M sf them, are being held In custody by
    UPI photo  -  55 words
  • Article
    Lock icon BILL TO OUST FED CHIEF
    70 12 Reuter A BILL wWeh vnU prevtde far the ranml «I the thslrmsi s( the 138 Federal Reserve Baud apea a per eeat rate rf the si, hatt by esagreaMMa Byrea Dergaa, Demaerai, Narth Dakata, aa Taeaday. Mr Dsrgaa said ha tot Bail ta Ma the
    Reuter  -  70 words
  • Article
    Lock icon Series of divisive issues at New Delhi meeting
    249 12 Reuter NON-ALIGNED nations are facing a aeries of divisive issues in nine days of talks in New Delhi, with Afghanistan, Kampuchea and the Gulf war expected to test the unity of their 2D-year-old movement severely. The 95-member move-ment,-which includes communist and pro-West-ern
    Reuter  -  249 words
  • Article
    Lock icon Pooling resources for security of Gulf nations
    269 12 Reuter FOREIGN ministers of six Persian Gulf countries, including some of the richest Arab oil exporters, met in Saudi Arabia yesterday to discuss pooling resources to guard against internal and external threats. A series of major upheavals during the last two years has
    Reuter  -  269 words
  • Article
    Lock icon West and Japan will tax oil stocks further
    423 12 Reuter WESTERN nations and Japan will continue to draw heavily on oil stocks between now and the end of March to maintain the present delicate balance between world supply and demand, a senior official of the International Energy Agency (lEA) said. The
    Reuter  -  423 words
  • Article
    Lock icon Oil prices for Soviet allies may be doubled
    325 12 AP THE SOVIET Union's oil prices to its East European allies should have risen 27 per cent at the beginning of this year, a new Western study says. The calculation from the Vienna Institute of Economic Comparisons supports predictions that Soviet allies
    AP  -  325 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      280 12 The DEI Library Of Photography helps you to see great picture possibilitiesall around you... So many outstanding photographs are of subjects you see or pass by every day. A pensive young girl looking through a window. A city park at sunrise. Or this shy 3 year old, captured by the
      280 words
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  • SHIPPING TIMES
    • Article
      Lock icon Pelni confirms number of people on Tampomas
      186 13 AP THE government-owned Pelni Shipping Company, owner of the Tampomas 2 that sank in the Java sea, said that the total number of persons on board the ship was 1,194, not 1,184 as announced by the Indonesian Minister of Communication Rusmin Nuryadin. A
      AP  -  186 words
    • Article, Illustration
      Evergreen's Jeddah call puzzles conference lines
      634 13  -  By LINDA CHEE TAIWANESE independent carrier Evergreen Line has decided to make regular calls at Jeddah on its Europe-Far East service. This has come as little surprise to the industry. However conference lines are puzzled over ihe Taiwanese line's ability to find space to
      634 words
    • PORTSIDES
      • Article
        Lock icon Hitachi wins order
        93 13 Reuter HITACHI Shipbuilding and Engineering Co td has won an order from a Liberian-registered shipping firm, Paul Y Navigation Co Inc. for a 61,000 dwt ton bulk carrier for delivery in the latter part of 1982. Hitachi said it is not disclosing the ship's cost because it
        Reuter  -  93 words
      • Article
        Lock icon Hovercrafts for Hongkong
        59 13 AFP THE Hongkong and Yaumati Ferry Company has ordered three hovercraft ferries from Britain at a cost of HK$2O million. A spokesman for the company said that the orders were placed in connection with its plans to operate next year a hovercraft ferry service between Hongkong and
        AFP  -  59 words
      • Article
        Lock icon The other way
        70 13 UPI IT'S usually the other way around for coast guardsmen. But when a boat carrying two petty officers capsized off Maine's coast, a couple of civilians rescued them from a tiny rocky island. "They would have gotten pretty cold out on Smutty Nose," Sherman Stanley Sr, one
        UPI  -  70 words
    • Article
      INDEX TO ADVERTISERS
      653 13 SUntogUae P»«e CM Sklppiag Uae P»«* CM Achipelego vn 2 El ma ra 4/5 Adriatic IV 2 Everett Orient IV 4 Ale* VI 3 Evergreen IV 3 Afro-Eurasia VI 2 Fesco vn 4/5 All trans VI 5 Flotta Lauro v 5 Alpac < VI 5 Fortune VI
      653 words
    • Article
      Container Schedules
      893 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping Gdn Mode of Name No. Time of Lines Operatn Arrival Date Time Strlder Diamond 58S 3.2.81 0700 S'pore Shpg 50 vc S. Seas Bridge 29E 4281 0900 Neptune TA3 TT P. Roosevelt 85E
      893 words
    • Article
      LONDON FREIGHTS
      1435 14 TIME-CHARTERERS were moderately active on Tuesday In an otherwise rather subdued and featureless freight market, brokers said. A vessel of 42,000 long dwt was booked with US Atlantic delivery for 12 to 18 months trading at US$ll,OOO daily, while a 15,000 tonner from Houston to Poland received (8,450
      1,435 words
    • Article
      Lock icon Double ceremony to launch Chinese ships
      170 15 AFP THE first two ships to be built in Britain for China for 14 years will be the stars of a double ceremony on the River Wear, north-east England, tomorrow. The 15,000-deadweight-ton SD-14 (standard design, 14/ 15,000 tonnes) general cargo ship Hunjiang, built by
      AFP  -  170 words
    • Article, Illustration
      Four cranes on Nedlloyd Delft
      271 15 THE Pert of Singapore Authority once again showed Its efficiency when It recently nsslgned for the first time, four of Its 12 quayside cranes to work continuously on the Scandutch third-generation container ship, Nedlbyd Delft About l,Mt TEUs were handled in a record time of
      271 words
    • Article
      SHIPS IN PORT
      191 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Grand Wing (0400 after Regina Maris) 1/2 Monteste (RO/RO) (0300) 44 Nedlloyd Spaarnekerk (1400 after Nedlloyd Moi) 3/4 Wild Lily (RO/RO) (0700) 10/11 CONTAINER TERMINAL Bunga Dahlia, 51N Ercole Lauro 54 Elver Pioneer 51S Hanseac 49N Maersk Mango 51S Maersk Rando 54S
      191 words
    • Article
      Lock icon Independence gives respite to US crew
      200 15 AP THE US aircraft carrier Independence and two other American warships are making a port call at Fremantle, Australia, to give their crews a respite after cruising in the Arabian Sea for nearly two months. Pentagon and navy officials, who asked not to be
      AP  -  200 words
    • Article
      Lock icon Taiwan's fast growing breaking industry
      1553 15 Seatrade TO THE average shipowner, manager,* broker and banker the industry of shipbreaking is largely a mystery. It is only comparatively recently that the controllers of the world shipping fleets have become aware of the relevance of the scrap value of the vessels in their
      Seatrade  -  1,553 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2491 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 1 published at a maximum of three weeks.
      2,491 words
    • Article
      PORT CONDITIONS
      758 20 ALGERIA Most Algerian ports still congested due to damage by storm. ANGOLA Lobito/Luanda Jan 28, serious berthing delays for wheat dischargers. ARGENTINA Bahia Blanca Jan 22, no delays. Buenos Aires Jan 22, 3 general cargo vessels waiting in the roads with delays of about 2 days. Necochea Jan
      758 words
    • Article
      ORIENT EXCHANGE
      745 20 CARGO movements in South-east Asia are growing at a steady rate. Bunker escalation clauses have become very standard in longer-term affreightment contracts. More containers are being utilised with some movements at containers going by barge to smaller upriver ports. Bulk shipping is steady. More coal movements are in
      745 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      204 13 W HEUNG-A SHIPPING KOREA FLAG VSLS Regular Liner Semi-Container Service To: P.KeUnt/Kwlunf/Busan/lnchon Fm: Busan/H.Konf/Banjkok Id S pore: *****11 P.K. *****4, PN *****5 K.L. *****0 .1 R 1 > 1 I Orient Overseas ConlcuneA Line 7/2 10/2 13/2 15/2 19/2 21/2 25/2 27/2 3/3 5/3 1/3 10/3 13/3 15/3 17/3 19/3
      204 words
    • Advertisement
      Page 13 Advertisements Column 2
      274 13 HSEALORDO UASC UNITED ARAB SHIPPING CO(SAGi EXPRESS MULTI PURPOSE SERVICES S'ptrt I Loading for 23/2 Kuwait(6/3). Shuaiba(s/3), Oammam (12/3), Abu Dhabi(ls/3). Mma Al Fahal(lB/3). Mma Qatoos(2l/3) l iflm uml rnrn rm lji > l Dammam (8/4) Mm Dhabi (11/4) Doha (14/4) Dubai (17/4) FULLY CONTAINERISED SERVICE Loading tor Dubai (22/2)
      274 words
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      Page 13 Advertisements Column 3
      448 13 <I> cnan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS rr> Aoen,s I I J UMMCIFIC TIMS ft TRAIMC b* MERCY FTL LTi. m Te«: *****4 (5 lines) SINGAPORE MAERSK LINE jL GONG XI FA CAI BORNEO SHIPPING TEL SINGAPORE *****11 CFS *****66 TERMINAL ******7 P Java *****5 *****5
      448 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      230 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERN AD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** WISHING ALL OUR PATRONS AND FRIENDS "KONG HEE HIT CHOY" MINTS: SINGAPORE: LEO SMPPING W.MALAYSIA: SINGAPORE *****22 E.MALAYSIA: PAN-SARAWAK SltU ***** KUALA LUMPUR *****7
      230 words
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      Page 14 Advertisements Column 2
      262 14 SUPERCARRIER SERVICE TO: PANAMA US ATLANTIC E. CANADA US G(JLF St Mb IMmMi 1/4 V 4 1M 2/5 4/5 IVS. 25/5 a/5 17/5 15/5 1/5 CALIFORNIA (22 DAYS) VENEZUELA EXPRESS CONTAINER SERVICE un'nnis •MB'tOMB Utafc* PtoCi V 4 12/« 17/4 14/4 4/5 11/5 TO: VENEZUELA CARRIBEAN FROM: US GULF US
      262 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      567 15 Overseas B MB m Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok SOWS TO UK/CONTMMT: S'pare Platotg D'mart Bran A'mrp It Haw* EM* Mara 12FA UFA 5 Mar 7 Mar I Mar 10 Mar NMfkMi Ciprtu 25 fab 27 FA 20 Mar
      567 words
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      Page 15 Advertisements Column 2
      344 15 Franco Belgian Services <FtrKa-'h''< vm«'( xt>: ft< ,ta»: t-iir rr HMATAMMBI ■HTDMIU EJtCOU LAUBO S port P toiMt B Kxu Valß Gtocw Ircstt IFA )U MM *F 27 F* tH> MM »F* 4 Mo lII* 7 Mr 14 Mo 75 M 77 FA IS Mb 17 HO lIII* 71 MB
      344 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      488 16 SEGANI PTE LTD as agents:-Hapag-Lloyd Wishes all our clients friends GONG XI FA CAI Agents SEGANI *****11 tJoomt *****09 CFS *****72 Ternaul 2205*33 K L umpur *****1 *****9 *****4 P "flint *****3 *****8 CfS *****8 Penant *****7 ***** MEDAFRICA LINE NAVIGAZIONE SAN PAOLO s p a Regular direct service from
      488 words
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      Page 16 Advertisements Column 2
      575 16 KOREA SH,mNG VEGA 157W P. Kcjanf PENANG 2-5 March 27/2-1/3 CORPN SPORE 2-5 March FROM BUS* BANGKOK VEGA 158E 2-5 March 27/2-1/3 2-5 March TO BUSAN ALTA* 161W 5-8 March 9-12 March 13-16 March FROM BUSAN BANGKOK ALTAR 162E 5-8 March 9-12 March 13-16 March TO BUSAN KSC KSC KSC
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      Page 16 Advertisements Column 3
      478 16 P EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTMG CARGO FOR HAMBURG FELIXSTOWE. ROTTERDAM ANTWERP IE HAVRE ALSO ACCEPTMG CARGO FOR UNITED KHGOOM SOUTHAMPTON. LONDON MANCHESTER. BIRMMGHAM BRISTOL. LIVERPOOL. GLASGOW. LEEOS WEST GERMANY BREMERHAVEN HOLLAND AMSTERDAM S part M Hw*ur| l«<lcrdja* F (fallow Airtwtrp It Naw Ettr large t/O2
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      Page 16 Advertisements Column 4
      466 16 HTAMTAWYHA PMASHWEGYAKYIIA HTOWTWA Burma Ftvt Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON Sp»« MHai( Pwunf B F SS C Ao*nt* m Moloywo BOUSTEAD SHIPPING TEL NOS KL *****2/*****9 4# Compania Arfwitina Oa rU Navaaaoon Intarcominantai S. A. C.I. F. WJ "ARGENTINE NATIONAL LINE" LOAONG FOR DURBAN MONTEVDEO BUENOS
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      Page 16 Advertisements Column 5
      330 16 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD o SANKYO LINE AUSTRALIA SERVICE »«*>•• p. tar: 21/22 F*b 23/24 Ftb STB MEL ACQ JAPAN/STRAITS SERVICE Sinfapart P KcUm Pwant MLENE WESTERN RIVER CRTS!At SIM BELARGZO MAY CARP SUBL ME OASIS DUKE PAZ ESTRELLA 0 RESOURCES HOKOMARU GENERAL AGENTS 13-14/3 a 14-15/3 GENERAL
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      Page 17 Advertisements Column 1
      309 17 PIL GROUP WISHING ALL OUR FRIENDS PATRONS GOOD HEALTH AND GONG XI FA CAI f t FROM MANAGEMENT STAFF OF:i PACIFIC INTERNATIONAL LINES PTE. LTD. MALAYSIA SHIPPING CORPN SDN. BHD PAKISTAN NATIONAL SHIPPING CORPN. KARACHI PAN ISLAMIC STEAMSHIP CO. LTD. KARACHI PHILIPPINE INTERNATIONAL SHIPPING CORPORATION ft JOHORE SHIPPING LJr 161
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      Page 17 Advertisements Column 2
      162 17 BLUE STAR LINE SING T A O PORE NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH AND PORT CHALMERS FOR AUCKLAND, WELLINGTON, CHRISTCHURCH FIJI SUP AUSTRALIA STAR NEW /[ALAND STAR NEW PLYMOUTH MAR APR*. PT CHALMERS MAR APR! SPORE AGENTS MERLIOM SHIPPING AGENCY PTE LTD.
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      Page 17 Advertisements Column 3
      397 17 r TK-. BEN LINE CONTAINERS o BEN ASIA CONTAINER SERVICEI I BENBULK WISHING ALL OUR CLIENTS AND ASSOCIATES tiiTTT XI FA CAI AGENTS: The Ben Line Steamers Ltd., Saifjpore Tet *****4 The Ben Line Steamers Ltd., KL 4*5344 PK 3*6521 LLOYD TRIESTINO HOEGH LINES WISHING ALL OUR FRIENDS and SUPPORTERS
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      Page 17 Advertisements Column 4
      736 17 I) i Scan Dutch 9 WEEKLY EXPRESS CONTAINEFI SERVICE §jgf| m f I I P Itothn B DAMIA TT ITU!!, Spo l(MsedMs?)»4a« j)Hb*r| |4>CM Br£E»ii> 11,2 n/l !i *<* H 3* 1 l 0 SHAWM' 17? 4/3 »/J 10,J U/J B > 8 ?l/? U/J 14/3 "'J IS 3 R
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      Page 17 Advertisements Column 5
      376 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNON t SOUTH AFRICA SHIRRA BANK SINGAPORE 30/3 eto Reunion 11/4 Durbon 16/4 Capetown 23/4 Pt Eli* 21/4 (also accepting East London and Maputo cargo) Lukes/ 43 Linos U.S. WEST COAST SERVICE Daect tiom SfO Ibrti SPORE S He Tac ASHLEY LYKES Sid Sid
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      603 18 K LINE KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES L TO NORTH AMERICA feeder vessels* n sr moticrws USn 10M SjM 5/2 PacMc Anw toe Stir V I 13/2 Ta FaafcAceMN 15/2 17/2 tapwkct Ufa tator i C«twi aba j testa. SI. M Ol CHEF 23M IWII aMe Mr OMI
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      Page 18 Advertisements Column 2
      596 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE e*« Mr. UB MOLES. SM FMNCSCO. SEATTLE. TACOMA. VMCOUH BC Accept* Fa/fa Man If* J M I Mv AUSTRALIA EXPRESS CONTAINER SERVICE *tc»»n fcl/FCL F UM| Spore II Feft 19 ft 24 Mar 25 Mm 4 Mr Apr 10 Mv 13 Apr Syd
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      Page 18 Advertisements Column 3
      236 18 o c»l*«»lll> SINGAPORE SHIPPING AGENCIES PTE LTD ?OTH HOOK OCEAN BUILDING SINGAPORE 0104 MARKETING 9111 I 3 LINE SI GENERAL *****1 •14 lINE S < TERMINAL Of f ICE *****83 TELEX RS ?4?>96 HS ?SbfcB A B CARSHIP CABLE CARGOSHIP WISHING ALL OUR FRIENDS PATRONS GOOD HEALTH AND I GONG
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      Page 18 Advertisements Column 4
      458 18 KORINS MARITIME SERVICES Room 60V ICB Building. Shenton Way. Singapore Tel *****2? A *****67 PTF L TO MIDDLE LAST/RED SEA/EUROPE SERVICES P. KELANG 1 (OHtH/CWttKMI CMM ii f* MM/uwr. laMalfc/Mt \\X\SAM ICK LIOIES A membe o» tit Sim* k Group ol Companes LiNER SERVICE FROM KOREA'TAIWAN 'HONG KONG TO SINGAPORE
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      Page 18 Advertisements Column 5
      608 18 INTR ASEA (PTE) LTD. IUJI F?ber House 234E Orchard Road Singapore 9 Telephone *****n "*****57 RfCULM BDEPEMOT SERVICE TO EUROPE S pore P. Kaiang Panang LaaMng tar norasmmbio3. sited. boiiooie/rtmm/ UK(AVON) MTRASEA (ME) LID *****11 BOOUNE *****57 YEO SMPPBK TRAONG *****4. *****2. *****0 ana owseas motto* son m *5054 *****/2
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      Page 19 Advertisements Column 1
      579 19 Containers Feedered to/from F'stowe Also accepting cargo to/from Scandinavia +N. JADE S pore Closing Times: FCL Cargo LCI Cargo 1400 5/2 0200 5/2 TO AND FROM AUSTRALIA: JAKARTA SMGAPORE PENANG f. KELANG ADELAIDE FREMANTLE. tartrate Oriental Anro Also accepting cargo to/from Bangkok and E. Malaysia Carriers' option to proceed via
      579 words
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      Page 19 Advertisements Column 2
      290 19 MALDIVE LINES MALDIVE NEIGHBOUR Loading For Dubai/Bahrain/ ETA ETA ETA SPORE KUANTAN PORT KELANG 15/2 MALDIVE PEACE 20/2 Loading for Dubai/QMnman Kuwait MALDIVE MAS 17/2 Loading tor Kuwait maldive noma 17/2 Loading For ieddah MALDIVE BTORTE* 15/2 Loading For Male MALDIVE PROGRESS 15/2 Lpading For Khorffakan/Dubai/ Abu Dhabi/Damman MALDIVE CREST
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      Page 19 Advertisements Column 3
      198 19 SINGAPORE SOYfT SWPHNG CO PRIVATE LTD SMSOV NUMG 55, Maitct SM Seaport 0104 T*phont IMm *****3 (10 Uws) Cable Mdrtss SMSOV SMGATORE Ttki Number* RS ***** RS ***** RS ***** p ttrrr M/S SMMKAT MM SOON MM MB IST AND 2ND FLOOR. NO 1. MIAN CCMFENMG. PORT KIANG. MALAYSIA T«
      198 words
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      Page 20 Advertisements Column 1
      213 20 r 4ANTOLL LINES' 1 r >«f»ct H Is >o Melbourne r vfr f.Independent fCI Container Conventional liner Setvice EGYPTIAN INTERNATIONAL UNt EH) LGYPTIAN FLAG GONE XI PAGAI OPRACHT (MALAYSIA) PracM SDN. BHD. INDEPENDENT ■CONSOLIDATION Jit'lTM TOITHEIFOLLOWMG PORTS Vf MCLS ETA POUT KEIAMG LO 4/2, 21/2,2/3, 21/3 Co 31/1,6/2,9/2,15/2 Ho 18/2,22/2
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      Page 20 Advertisements Column 2
      129 20 THAI YANG SHIPPING CO. SON. BHD. *•1 lb PJUmi MM *MX INN VMS WTI/11 kftrt IM "BX IMM TUB WT 2/tl 14/15 FA MM HI. CMOOM TME WT 1/11 IS/11 Nfc Mbi/n Fm MILLION SHIPPING SDN BHD MIUIHI 1/11 kVM NVItUONNOI 2/tt a/ZIM MMinni 3/11 vsikr iUniloaJ f <c.'eis ffclAfsn
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      Page 20 Advertisements Column 3
      199 20 PERKAPALAN LAUTAN MRU SDN. BHO* PO Bo»22o.lCo«afcnatoaki Sabah kguac ua satvia Sabah Sarawak Bangkok Sngapor Port kriang Atiiih' Ll'mj* Port Keiang: S£AL»ON SHAPING (M) SDN BHD TH *****4. ***** V. *****1 Tbt MA***** Penan* SfIAMA SHPPJNC TRANSPORT SDN BHD TeL *****1. *****2 Tbt MA***** P. Gudang: NORDM SHIPPING TRADING SDN
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      141 20 Regional Weather w jrM Wi o V U W. SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND? direction with speed in knots R in Wave height Cloudy Sky C Cj Wind direction with speed in knots KMin Wave height Cloudy Sky Snfiee winds in InietM by arrows
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