The Business Times, 25 May 1981

Total Pages: 22
1 22 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 MONDAY, MAY 25, 1181 60 CENTS
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  • BRIEFLY...
    • 42 1 PRESIDENT Maumoon Abdul Gayoon of the Maldives and his wife arrived in Singapore yesterday to begin a 5-day state visit. Foreign Affairs and Culture Minister S. Dhanabalan and his wife were at the airport to greet the presidential party.
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    • 87 1 UPI MANILA, Sun. President Ferdinand Marcos said on Sunday that despite frictions which sometimes occur in relations with the US, the Philippines will remain a faithful American ally in pursuing world peace and stability. "We honour your dead as you honour them today and we stand with
      UPI  -  87 words
    • 72 1 Reuter WASHINGTON, Sun. An American-Canadian pipeline consortium and oil companies have reached agreement on financing a long-delayed natural gas pipeline from Alaska to the United States through Canada, a US Energy official said today. A Department of Energy spokesman said secretary James Edwards had received a letter from
      Reuter  -  72 words
    • 68 1 AFP BEIJING, Sun. China has decided to limit its external debt to no more than 15 per cent of the foreign exchange it earns for its exports, it was learned here today. This was disclosed by members of the Trilateral Commission, a private political study group of
      AFP  -  68 words
    • 77 1 AP TOKYO, Sun. About 3,600 students, labour unionists and farmers held a rally and demonstration near the New Tokyo International Airport on Sunday to mark the third anniversary of the facility's opening and to protest the construction of additional runways, police said. No major clashes were reported
      AP  -  77 words
    • 63 1 AP BANGKOK, Sun. Vietnam on Sunday accused China of firing hundreds of mortar shells into four Vietnamese northern provinces last Friday, willing cattle and damaging the houses in the area. The Vietnamese charge came after weeks of reports of fighting between China and Vietnam, with both sides
      AP  -  63 words
    • 76 1 AFP JAKARTA, Sun. Two-way smuggling of merchandise was today reported to be increasingly rampant between Indonesia's West Kalimantan and Malaysia's Sarawak which share a long border. Garments, including used clothing and old stock, have been brought in large amounts into West Kalimantan, with coffee, pepper and rubber flowing
      AFP  -  76 words
  • 112 1 THE faUawlag is a list the It mast actively traded stocks «a the Stock Exchange sf Singapore tost i veek. It gives the taraever to tt isasaai is sf salts, clestof I Prices ea Friday aad the kigh aad to n tor 1181 aw Tans* bt Prices
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  • 159 1 SINGAPORE May IS May 11 May SI May tl May 8 t+BT Index: Closed *****.57 *****.71 *****.03 *****.98 •Industrials: Closed 908.32 906.32 894.94 889.77 Closed 2064 54 2066.22 1886.42 1882.73 ••Hotels: dosed 1386.00 1378.04 1317.40 1307.56 •Properties: Closed 937.22 946.41 961.50 934.84 Minings: Closed 406.74 406.66 404.30
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  • 906 1  -  YEARLY INCREASES IN PRICES By FOO CHOY PENG, Chief Reporter APPLICANTS of Housing and Development Board (HDB) flats will have to brace themselves for a longer wait and annual increases in prices. This is because the HDB is unlikely to meet its building target of
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  • 524 1  -  By HSUNG BEE HWA ABOUT 600 civil servants are willing to be bonded by the Government in exchange for a roof over their heads. They have signed up for Housing and Urban Development Company flats under the priority scheme for civil servants. However, not all of
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  • 320 1 IF SINGAPORE is to remain competitive despite rising energy costs, both management and workers on the national level must try to save energy. The Japanese, through a concerted effort, have been able to reduce their consumption of energy and Singaporeans should be able to
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  • 258 1 DESPITE successful efforts at increasing its sales, Yea Hlap Seag (Malaysia) grappled la vala with rising casts which eroded margins significantly la the first half year ta March SI, 1981. YHS (M)'s graap pretax praflt far the period fell by Sl.l per cent
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  • 673 1  -  By FONG MEW LENG THE Government is intensifying its efforts to recruit a large pool of foreign graduates to meet the shortage of skilled manpower. It has set up a top-level committee codenamed CATS (Committee to Attract Talents to Singapore) and a number of
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  • Page 1 Advertisements
    • 0 1 ]*!{"%("]*"/+_|{\%'$>{$&.~"$%\?
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    • 172 1 SINGAPORE'S prograas m a major financial and banking eantra in tha world haa baan chartad by local and foreign axportiaa. Poiicias and iaauaa, which hava govarnod and undorlinod thia progreaa in tha paat docada, hava margod aa wall aa fired tha baaoa of thoaa trying timoa. Only recantly, tha "rock"
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    • 69 1 WHAT PRICE company directors? t PREVIEW of eleventh management game.... 1 STRIPS of French humour and life SHIPPING TIMES LIM Klan Tlong wins Seletar Pro-Classic IS MORE warehouses for Ave airports 14 LANDMARK party for Hna's step-d0wn................................. 14 TV AND RADIO I, CROSSWORDS I, WHERE TO WINE AND DINE MARKET
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    • 128 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) V r— With JAL you relax all the way. 14 times a week direct to Japan Tokyo, Osaka, Okinawa, Kagoshima, Fukuoka, Nagoya and many other major cities. And from Hong "X Tokyo, JAL has 60 flights
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  • MANAGEMENT I
    • 210 2 DO you manage your sales force as efficiently and effectively as you think you should? Do you feel a need for greater professionalism in your sales management team? A seminar to be conducted in the middle of next month will give experienced and newly-appointed sales managers
      210 words
    • 1358 2  -  The sales office provides that often crucial main link between a customer and the company. Those who work in it have to be efficient, organised, tactful and persuasive all at the same time. But there is that danger that the battle between the urgent and
      1,358 words
    • 416 2  -  By CATHERINE ONG DIRECTORS of billion dollar industrial companies in the United States earn on the average US$l42 per hour, according to a study by headhunting firm Korn Ferry International. The study, which covered 175 corporations with sales in excess of $1 billion, noted that 86
      416 words
    • 717 3  -  (VjJL n 1 Mfct# IBr-I#!, With LILLIAN CHEW Title: The Inventnrers: excursions In life and Career Renewal. Anthers: Janet Hagberg and Richard Leider. PnhUsher: Addlsen-Wesley Publishing Company, f If I had my life to live all over again, I would pick more Daisies. If I had
      717 words
    • 592 3 IT'S time once again (or the National Management Game. Budding chief executives, here is your chance to prove to the world that you have what it takes to lead your company through computer-controlled market conditions and hordes of fierce competitors to the $5,000 prize, the
      592 words
    • 647 3 FT CONCERNED about the pace of technological change and its impact on the competitiveness of his company, the chief executive of a US office equipment manufacturer called for an assessment of its research and development activities. Among the questions he asked were "How much should we be
      FT  -  647 words
  • Page 2 Advertisements
    • 463 2 Announcing the first-ever Conference on Southeast Asian Fisheries 4 1 9 1 ■v in Your opportunity to explore new trade and investment currents with leading experts Date: 2,3&4 June 1981 Venue: Sir Stamford Room, Hyatt Regency Hotel, Scotts Road, Singapore 0923. The first Conference on Trade and Investment in Southeast
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  • Page 3 Advertisements
    • 260 3 "Frankly, I find my new Mercedes-Benz 200 more exciting to drive than I expected" I lead a full and active life. After working hard, I enjoy the thrill of playing sports or getting out on the sea. The Mercedes-Benz has always been my choice of car as I felt it
      260 words
    • 99 3 The People Bank' J I Whenever you have personnel problems due to unexpected leaves or sudden resignations, call us. We can provide qualified replacement personnel instantly. And if you need extra hands to help with sales campaigns or special projects, we too can supply the appropriate people. Our People Bank
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  • RAW MATERIALS
    • 1042 4 AFP THE GENERALLY easier trend continued on the London commodity markets last week, but not before some fairly sharp fluctuations, induced by currency movements. The further increase in US interest rates, the reduction in Britain's industrial output in March, plus prospects of drastic defence cuts over the
      AFP  -  1,042 words
    • 622 4 COFFEE: Robusta futures last Friday eased in afternoon trading following the New York market's failure to hold early gains. Dealers continued to offer the market lower and at the close July was £969 with bids at £965 against last trade at £971. Volume of 4,076 lots included 2,412
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    • 135 4 RUBBER futures in London last Friday ended a quiet day mostly unchanged to 0.30 pence per kilo higher in volume of 24 lots at five tonnes and 235 lots at 15 tonnes including 10 kerb trades. Dealers said local dealer book-squaring ahead of the long weekend was the main
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    • 229 4 THE SINGAPORE predace market remaiaed quiet aad listless last week with prices Uageriag at the prevtoas week's levels. Major commodities like coffee, pepper aad eapra were traded aa a dull note upon subdued demaad. Coffee prices dropped at the begiaidag sf the week bat
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    • 225 4 CHICAGO soybean futures last Friday ended at the bottom of a 10-cent range, down 2V« US cents a bushel to up cent. Only the thinly traded deferred May settled higher. Late local long liquidation ahead of the holiday weekend forced mast contracts lower, traders said. Weak technical aspects lent
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    • 171 4 WHEAT futures in Chicago last Friday closed at or near the bottom of a fivecent range, down 2'/« to 1V« US cents a bushel in revived trade. Active local long liquidation ahead of the holiday weekend forced prices to day's lows. Traders cited US winter wheat harvesting progress as
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    • MONEY AND EXCHANGE$
      • 187 4 ASIAN ASIAN earreaey average depart rates l i 1 eaded NiyB: U89 (B» dprie*»> Hick Uw 7 days 19H 16' i 1 month 20 5/16 17 5/16 2 months It* 18'. 3 months 1911/16 18'. 6 months 19 11/16 17 13/16 9 months 17 11/16 17 12 months 17H 16
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      • 47 4 FOR THE week ended Saturday May 23, the range of call rates received from Short Deposits (M) Bhd was as follows: Buk fond: 3 per cent to 5 per cent. Geaenl fand: 3.5 per cent to 4.7 per cent. Mavemeata of funds totalled $772 million.
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      • 111 4 THE US dollar last week started on a weaker note as a lower- than-expected increase in US money supply figures provided the backdrop for easier Eurodollar rates. Expectations of lower interest rates in the near future also contributed to the dollar's weakness. However, a revised 6.4 per cent
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      • 22 4 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 12.52 per cent.
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      • 223 4 Source: The Discount Co of S'pore INTERBANK overnight and term rates firmed last week when the market opened on Tuesday. The firmer trend was attributed to some technical factors and the Marco Polo share issue. Overnight rates firmed to as high as 18V4 per cent. Due to the present
        Source: The Discount Co of S'pore  -  223 words
      • 242 4 GOLD prices settled lower at USsf7o a troy ounce on the New York Comex last week, after testing the $465 intermediate support level. The hike in US prime rates to 20 per cent at the beginning of the week and again to 20.5 per cent on Friday was the
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  • Page 4 Advertisements
    • 80 4 Sff fS: MRI J'**':. Vi« I vy V N r'~ mm if? sSfcJlP* W w it h: 4l SS £V. DIRECT TO SAUDI ARABIA The only comprehensive cargo service twice weekly from Bangkok. Jeddah 18 40 Riyadh 15 45 For information, please call your usual cargo agent or GSA Udara
      80 words

  • OVERSEAS
    • 402 5 Reuter THE European Common Market's chief executive suggested to the US on Saturday that the EEC, the US and Japan should avoid unilateral action which could provoke chain reactions in their trade relationships. The president of the EEC commission, Gaston Thorn,
      Reuter  -  402 words
    • 123 5 Reuter THE POWER struggle in Britain's opposition Labour Party intensified on Saturday when former Agriculture Minister John Silkin announced he would challenge Tony Benn to replace Dennis Healey as deputy party leader. Mr Silkin, although also on the left wing of the party, is
      Reuter  -  123 words
    • 224 5 Reuter AS THE US eeeaomy shews sign W lmprevemeat, President Rmgu Is coming uder Increasing pressure (rem Congress to medify Us sweeping to* cit proposals. Publicly, Mr Reagan Is sticking to Us call (er a II per cent laceme tax cut in each
      Reuter  -  224 words
    • 529 5 AFP A GREAT deal of scepticism towards the economic policies of the new US administration and its stance towards the developing world have highlighted week-long talks in Gabon of the world's key monetary and financial institutions, delegates commented on Saturday. "US delegates did explain their
      AFP  -  529 words
    • 374 5 AP, Reuter THE MINISTERIAL council of the 21-mem-ber Arab League ended an all-night emergency meeting on Saturday in Tunis with a warning that the Arab nations will send their armed forces to help Syria in case of an Israeli attack on the Syrian missile sites in
      AP,; Reuter  -  374 words
  • Page 5 Advertisements
    • 72 5 Tha dally Aircraft Schadula hat baan hald avar bacausa of pratsura of spaca. Flight information by talaphona can ba obtainad from tha airport (*****8) or from tha raapactiva airtinas: BIA *****47/282*548, Garuda *****7, MAS *****2, CPA *****7, Qantas *****01, BA *****01, KLM *****1. I a|re» It >ril ic niai 1
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    • 322 5 U L _iA i—*9m 32 IBP's HOG AN AS range ofceramic tiles have unique properties that enable them to stand up to the toughest wear and tear under the most demanding environment. Practical and ideal in application for industrial buildings and have been used for some renowned public buildings. Resistant
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  • REVIEWS
    • 1355 6  -  By PATRICIA GOH THERE must be at least five organists living in our block of flats. It's not unusual for us to come home late in the night to find our neighbour's son playing away. But, at least, be is slightly more interesting to listen to
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    • 381 6 Title «f BMk: ffiagipirr Stepever Antkar: Geae Swtastead Olutntor: Geerge HiMm Pebltsher: Times Beaks Reviewed by CHRIS TAP EYES from Down Under are turning this way again. It may be a mere coincidence that Singapore Stopover comes so soon after Geoffrey Dutton's Impressions of Singapore. But
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    • 505 7 Title «f Beek: The RssweU laddeat As then: Charles Bertits ud William Mmtc Pikitter: GraiuuU, 171 pages Reviewed by CHUAH AJ MEE IN JULY 1947, a flying saucer crashed near Roswell, New Mexico. Humanoids were scattered over the desert. Several witnesses on the scene found and kept pieces
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    • 853 7  -  SALMA KHALIK, though bafflad by aom« of tho Frooch Ministry of Foroign Affairs' accompanying 'axpianatory' phrasos (in English), finds navarthaioss that tha cartoona on diapiay at tha Ailianca Francaiaa this waak managa to kaap thair bubblas comically intact, whila braaking down cultural barriars. SALMA
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  • Page 6 Advertisements
    • 580 6 An unique property investment opportunity! Ss39 million Package Sale of 49 Shop Units at V a m m mi i£»*i *I*l Ideally situated at the bustling island MTR Interchange in the Golden Central District Belt PROFITABLE INVESTMENT: The 49 shop units (Nos. 1 -49) are located on the 2nd floor
      580 words
  • Page 6 Miscellaneous
    • 223 6 FILM SHOWS BASED on a play by Jules Romains, the film Velpeae (1937) will be screened at the RELC tomorrow at 6.30pm and on Wednesday at 9.30pm. In French with English sub-titles. Presented by Alliance Francaise and The French Embassy. THE Pfcaatom af the Paradlee will be screened on Friday
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    • 1463 6 THE AFTERNOON matinee at Spm ever Chaaael S to •Mtkcr (tiitie <f »e fMUV w the ResUtm. It to a eaatemparary dramatic serial rev*lvtag araaad the mlatlsasMf amaag three nnmiMit tikirka* famlla tkto tptoiie Jeaaifer At li.Hpai aver the mm aad Staart Breaks are atter- ehawl yea will ha eaterly
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  • Page 7 Advertisements
    • 1232 7 (3crn CREDIT CORPORATION (SINGAPORE) LIMITED (Incorporated in Singapore) BALANCE SHEET 318T DECEMBER 1980 EMPLOYMENT OF CAPITAL FIXED ASSETS CURRENT ASSETS Amounts due under hire purchase and lease agreements, factoring of trade debts, accounts receivable financing and loans and advances Goods on lease Trade debtors Other debtors Statutory deposit with the
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  • Page 7 Miscellaneous

  • Page 8 Advertisements
    • 2214 8 > S K u a>Mttaiag» -rr TAT LEE BANK LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) SHARE CAPITAL Authorised: Ordinary shares of SSI each Issuad and fuHy paid: Ordinary shares of Ssl aach (note 3) CAPITAL RESERVE (nota 4) SHARE PREMIUM ACCOUNT (nota 5) STATUTORY RESERVE (nota 6) REVENUE RESERVE
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  • Page 9 Advertisements
    • 1269 9 TAT LEE FINANCE LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET as at 31st December 1980 T FIXED ASSETS (note 3) CURRENT ASSETS Statutory deposit with the Monetary Authority of Singapore Investments (note 4) Hire purchase, agency and block discounts, housing and other loans (note S) Other debtors, deposits
      1,269 words
  • MARKET REVIEWS I
    • 890 9 PI Lumpur y A DOWNTURN in share prices developed as sellers exerted their influence in slower trading at the Kuala Lumpur Stock Exchange last week. Some observers felt that last week's political events surrounding the forthcoming UMNO elections aroused caution but another view
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    • 1183 9  -  r™! London u By GERALD COLVERD THE HOARY old advice to "sell in May and return on Derby Day" has proved its value, yet again, during an inglorious month for equity holders in the London market. Banging the index has become the popular pastime of the media mouths
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    • 193 9 Bangkok y THE BOTTOM Appeared to tell mt of the Securities Eiektage of Thailand which experienced nnotfcer depressing week with prices dropping effortlessThe slight Improvement noted into in the previous week proved to he qnite deceptive, (or when the market opened Inst Tuesday following the holiday the
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    • 511 9 m Reuter REPORTS of encouraging oil flows at Western Australia's Blina no 1 well emerged as the driving force behind the Sydney share market last week as the the banking sector put the final touches on its rationalisation programme. Vamgas, the Canning Basin well's only
      Reuter  -  511 words
    • 155 9 Reuter AUSTRALIAN CeaseUdated Industries Ltd (AO) said demestic prsflts rsae daring IMI/81 hat lateraatieaa! operations ceatribated less thaa the previeas year. ACI reported that after tax profit la the year eaded March SI rose 11.1 per ceat to A$45.Vl mllliea tram $44.15 mllliea prevleasly. At home,
      Reuter  -  155 words
    • 378 11 BL,° g AFP. THE TOKYO stock market rode a roller coaster last week to score the first weekly advance in three weeks after recouping more than it had lost earlier in the week. The Dow Jones average fell to an eight-week low
      AFP.  -  378 words
    • 363 11 TOKYO share prices last Saturday closed lower as big-capitals and blue chip 6 lost ground on profit-taking The market average fell 14.94 to close at 7.526 08 with a volume of 370 million shares. The Tokyo Stock Exchange index fell 1.04 to 556.74. The second market closed slightly higher
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    • 462 11 w. J New York U UPI INTEREST rates went up last week, the economy went up, inflation went down (or did it?) and the stock market went nowhere. And the future is uncertain. Perhaps the picture will get clearer this week when the government reports on its
      UPI  -  462 words
    • 1014 12  -  I «Singapore By WONG SOUK YEE THE BEARS raided the stock market last week amidst an atmosphere of uncertainty, restraint amd poor overseas leads. After several weeks of relentless upturn, the bulls finally faltered, eventuating in a decline in prices. Blue chips
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    • 433 12  -  Wnk ended May 22 Compilad by JULIANA TAY SCRIP ISSUE Stai Heag Chan: Bonus issue of one-for-four. OTHERS latne» has acquired 26 per cent of Trident Travels Pte Ltd's issued capital of $135,000 at $1.00 each per share and 51 per cent of Simaico Enterprises
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    • 2865 12 1M1 Hlgk Low CMIfMT Last Sale 01Or*s Dhr Dhr Cn Gt's T*W Not P/E Vol (•OOO) Woek High Low 8ECTION ONE INDUSTRIAL ft COMMERCIAL 434 334 313 430 300 410 900 066H 430 330 130 161 330 110 380 660 322 300 Aetna Alcorn Allied Choc BAT
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 169 10 MAY 22 ru abn moo unch Ahold mjo unch Akao 22.00 -0.4 amzv r jo 1.4 101.00 unch Amrotmk S2J0 unch Berp41.00 40.00 *13 -0.7 Boil 80 JO 1J BorsuxnJJ 300.00 -5 Burtim&nn MJO 05 Cmtend 33.00 unch Cmlve Delft 21X00 -1 Deli mj •OJOxd -48 Knnla 141 JO
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      • 259 10 MAY 22 Pre CORBEILLE Alr-Lkjulde 411 li B S N Oervali □anon* m l C S F (ThomaonCle PrancaUe 233 -T del Patroles MB 1J Compafnle Mnanclere Compacnle Oenerale 208 -1 Credit Foncler De France 348.80 4.0 Hachette (Ubralrte) Machines BuU 20U0 43 -24.6 •1 Mlchelln (B).. 100 J
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      • 94 10 MAY 22 FT» FORWARD MARKET Acec 310 unch Artod 1271 -4 Astur 388 -I Br&jcan 1060 -30 Bru-Lamb 1130 -4 Ctnptc 14*4 unch Cock 1(B -10 De Been 334 -6 Ebet 1231 54 Electro bel 3510 -30 Ob-lnno-Bm 1Mb unch Of> 1106 unch Hobok 2250 -40 Petro 4136 -130
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      • 212 10 MAY 22 Dm Acf-Telerunkcn Akao 90 JO -0.4 10 JO -0.1 Alls Uben *****0 4 10 Alii Vera OTMO -1J BAST iajo -1.1 Bay H T Wtanl lBjta 4! Bay Vbank moo Bayer law 4*7 but moo -1 BMW 174 JO 4 1J Caaaetla 278-00 41 Chem Vrrw *****
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      • 185 10 MAY B rrtna i Action* Sutma MB -s Alusulsee Br. 10 Aluaulaac Hit HZ m uneh Brown Bomi Br. Clba 0*hj Br ct«* otifj r c cite Qtio turn 1310 1IW MO *30 uncb uncb s 1 Credit Bute Br Credit Suisse R»l Etoklrowatl Br Ocorf* rtscher Br 2300
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    • 933 10 NEW YORK stock prices last Friday closed mixed in moderate trading, depressed by another increase in the prime lending rate to 20'; per cent from 20 per cent. Analysts said rising shortterm interest rates were still the major concern of investors. The Dow Jones industrial average fell about five
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    • 165 10 MAY 22 c» AblUM Alcan Mfom* Buik Mont Bank No** ScoUa Bell Tel Beth Corp BP Can XI a* a«« a u* H nw -bk 1H Camp Bed Lake Can Imp Bk Ctnptc Canpac In* Pf Carlln« OTCeefe Corn In co Con* Bath Com Marbenor hftsKiafei 1 11 1
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    • 244 10 MAY B Rand INDUSTRIALS A Alpha 440 Abercom At And CI AM1C Btriovi 400 HZ MO Itn uncb -M uncb Cp Sugar oka IM5B *40 uncb 10 Currt* Finance Dc Been Ind Ed con ao 1MB OB uncb Edgars Fveread? Pad Voik rugit Oardlan *10 SS6 uncb uncb Olenanl
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  • Page 10 Advertisements
    • 780 10 |)}>\@\/.%^!-_}&]_>?}(!,,+[%!{? "The American Express Card serves you well, wherever good food is served". Feast like an emperor at Chinatown r f r i bW Our chefs can whip up culinary delights that would excite even the most demanding of emperors Here at The Chinatown, we serve Szechuan specialttes Name your
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    • 196 10 to Sf m The Dragon Palace Restaurant ts where you can dine in regal splendour and dance to the mellow sounds of yesteryear with "The Zodiac" Spacious enough to accommodate 450 people in comfort Dragon Palace Restaurant also caters to the cosy twosome* Hetti Ox toy Risa/Panang Road. Singapore 0823.
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  • Page 11 Advertisements
    • 109 11 DBS interest news Savings Account 0 per annum Autosave O 0 per annum Fixed Deposits Automatic renewal is available 10 o P-a. for 1& 3 months 10<4 C 'op a. for 6 months For amounts over $50,000. rates are negotiable o p.a.for 9 12 months DBS Prime 12 1 2
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    • 1407 11 INVESTMENTS FINANCE LIMITED (fcmrpsratsd h Mm turtle «f SMpptrs) AND ITS SUBSIDIARY COMPANY BALANCE SHEET 31st DECEMBER, IMO (in Singapore doltara) The Company The Oroup l«0 SHAREHOLDERS' EQUITY Shore capital (Note 2) Statutory reserve (Note 3) 5,040,000 559,676 3,024,000 957,000 5,040,000 559,676 3,024,000 957,000 CURRENT ASSETS Hire purchase debtors (Note
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  • Page 12 Advertisements
    • 352 12 Senior Appointment NEW JOB OPENMGS Location: Jurong, Singapore We are a subsidiary of the international GLAXO group, one ot the world's largest pharmaceutical companies, with an outstanding research record in many therapeutic areas. We are building a modern factory costing about 100 million dollars, equipped with highly sophisticated machinery to
      352 words

  • MONDAY SPORTS
    • 1484 13  -  By CHARMAINE CHAN LIM KIAN Tiong's score in yesterday's final round of the Seletar Pro-Classic 1981 was a five-over par 73 not a fantastic card but still good enough to earn him the title, which he had been trying hard to win since 1973. The modest
      Pictures by HAIRIS.  -  1,484 words
    • 883 13  -  By RONALD KOW OUR PRODUCTION foreman, a keea football tea himself, Immediately dlssgrurd when be saw the besdltae ta Saturday's Leisure Timet Sports page Mare It west to prist last Friday sight. "Deat eeaat year chlckeas befsre they sre hatched," the fsremas said la reepsaae
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    • 323 13 Reuter SOCCER correspodents of British newspapers yesterday criticised England severely for its dismal display in the 1-0 defeat by Scotland in at Wembley on Saturday. A selection of headlines read: "Tartan Rapture, English Tatters", "World Cup? You Can Forget It, Greenwood", and "Ron Hits
      Reuter  -  323 words
  • Page 13 Advertisements
    • 321 13 mM m h T "Thebest grip Fvi ever known!" In the UK last year, we introduced PRO-AM as "the most revolutionary lightweight golf shoe ever." Today, more J than 40,000 golfers, including Tony m Jacklin and Sandy Lyle, have reached j the same conclusion. w The PRO-AM rubber sole is
      321 words

  • 293 14 AP OPEC oil ministers gathered in Geneva yesterday for their semi-annual price-fix-ing session and leading producer Saudi Arabia immediately came under strong pressure from other members to raise its price and cut production. Iraq Oil Minister Tayeh Abdul Karim and Indonesian Oil Minister
    AP  -  293 words
  • 269 14 AFP THE NEW French government will prove to be a "reliable partner" of the Atlantic alliance. Its external affairs (foreign) minister Claude Cheysson said that he did not want the United States to repeat past errors by showing distrust of French leftwing governments.
    AFP  -  269 words
  • 295 14 AFP MALAYSIAN Education Milliter Datuk Mil» HI tarn yesterday announced be will cm (est the I mno deputy president's pest at the party's general assembly next month. Bat he did not state whether he will also stand tor a vice-president's post. He
    AFP  -  295 words
  • 413 14 AFP AN ADDITIONAL 28,000 square metres of cargo space will be built at the five major airports in Malaysia within the next three years to overcome the acute shortage of warehousing facilities. Malaysian Deputy Transport Minister Dr Goh Cheng Teik said in Penang that more
    AFP  -  413 words
  • 532 14 Reuter A MUCH-delayed session of the Chinese Communist Party central committee, at which chairman Hua Guofeng Mao Tsetung's protege and handpicked successor is expected to step down, will be held in mid-June. Chinese officials, over the weekend, gave no exact dates for the landmark party
    Reuter  -  532 words
  • 357 14 Reuter CHINESE Vice-Premier Bo Yibo said yesterday that despite China's present economic retrenchment policy, there was still the possibility of cooperation in the heavy industrial sector. Mr Bo made his remarks to David Rockefeller of Chase Manhattan Bank and the Trilateral Commission, an
    Reuter  -  357 words
  • Page 14 Advertisements
    • 342 14 Proctisc Fof Health Relaxation ANG TW-CHI and MOVING MEDITATION tmmmm f YANG'S TAJ CHI ANG'S u a ailii II Main TroininQ C«Atr« 4, Kmc Oho Rood. Spore 1035 (off hlut Timoh U. 81/Im.i. opposite Swiss Cotto9« School) iHfrxffT Wod. Mi pm to 7M pm. Fri. pm to pm. Cownwwclng stti
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    • 233 14 This announcement appears as a matter of record only MAY 1981 >I< Singapore Factory Development Limited (Incorporated in Singapore under the Companies Act (Chapter 185)) 5575,000,000 Guaranteed Floating Rate Notes Due 1986 Guaranteed on a subordinated basis as to payment of principal interest by The Development Bank of Singapore Limited
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  • Page 14 Miscellaneous
    • 78 14 WEffftH ER I Outlook for Singapore from a.m. to 1 p.m. today: Cloudy with thundery showers in several areas in the early morning, becoming light rain in the late morning. Be part tor 24 h*an prtor to Ml pm w May 24 at the airptrt Maximum temperature 31.7 Associated humidity
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  • SHIPPING TIMES
    • 159 15 AFP THE Philippines said it had made dramatic strides in building a containerised inter-island merchant fldet. Casio Mendozo, director of the domestic shipping arm of the maritime industry authority, attributed the growth to government incentives, offshore credit facilities and a strong market. He also
      AFP  -  159 words
    • 513 15  -  By JAN LEE GERMAN company Norasia Line will introduce a new eastbound container service from Europe to the Far East, three years after operating a westbound run on this route. The first sailing will be made by the Anangel Endeavour at the end of
      513 words
    • PORTSIDES
      • 67 15 THE CHANNEL between Jurong Pier and Pulau Damar Laut will be closed for eight months from today to all ships entering or leaving Jurong Port. This is to facilitate work on the extension of Jurong Pier. During the first two months, the west landing step of the
        67 words
      • 111 15 VESSELS within Singapore waters requiring police assistance can establish from June 1 direct radio contact on VHF Channel 7, 156.350 Mhz to transmit and 160.950 Mhz to receive. The call sign is Marine Police. In the meantime, radio contact should be established on VHF Channel 21, 157.50
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      • 127 15 Reuter A SINGAPORE salvage company said it was doubtful that a Japanese freighter stuck on hard rock near Wellington could be saved. The Liberian-registered 18,700-tonne Pacific Charger ran aground while making her maiden voyage from Japan to New Zealand with car parts and steel aboard. "Any
        Reuter  -  127 words
    • 684 15 ShlppUg Um P»ge CM Achipelego vn 1 Adriatic VI S AIM VI a Afro-Eurasia VI a A1 Navigation VI s Alfred CT vm 2 All tram VI s Alpac VI 5 Angkutan ANL VI I 1 Antoll vm 1 APL m 4/5 Argentine ASCL IV m 4
      684 words
    • 285 16 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anchan (0800 D/L) 35/36 Allied Enterprise (1500 after Singapore Jati) 29/30 Feng Qing (1100 hauls 96m west after Rab) 8/9 Kota Alam (after Kota Abadi) 10/11 Kota Abadi (hauls 96m west after Feng Qing hauls) 10/11 Manoloeverett (0600) 44 Marshal Biryuzov (Tanker)
      285 words
    • 912 16 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 Chevalier Valbelle 20/325 24.5.81 07U0 upiorg 1A4 I I City Of Edinburgh 39/437 24.5.81 1200 Ben Line TA 3 VC Neptune
      912 words
    • 1407 16 ACTIVE Soviet time-chartering on Thursday featured the freight market with at least three vessels being fixed on their account. This business comprised a 37,000 tonner with delivery Continent for a trans-Atlantic round voyage and redelivery Skaw-Cape Passero at US$9,OOO daily, and two vessels of 28,000 long dwt and
      1,407 words
    • 839 17 N. AMERICA AUSTRALIA LINER TRADES Fairplay CONFERENCE operators trading between Australia and New Zealand and the North American continent are now facing further problems on top of fighting an increasingly bitter campaign against the activities of Belgian independent, ABC Container line. In Canada, shipper discontent
      Fairplay  -  839 words
    • 98 17 AFP SAUDI Arabia is to propose a series of port contracts to West German firms in connection with its third fiveyear state plan, said Fayez Badr, chairman of the Saudi Arabian National Port Company. Mr Badr was in West Germany last week on a (act-finding
      AFP  -  98 words
    • 1205 21 SCHEDULE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are published at a maximum of three weeks. PN
      1,205 words
    • 771 22 ALTHOUGH world oiltanker tonnage laid-up showed little change in the past months 85 vessels of 14.4 million tonnes laid up in mid-May against 79 of 14.1 million tonnes in April closer examination shows a considerable volume of tonnge movement. The figures conceal a sizeable recommissioning of large motor
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  • Page 15 Advertisements
    • 317 15 Scan Dutch V Fast and Regular Service To /From N.C./SCAN/W.MED./U.K. Singapore Tel 9i*»l)li. Port Kelanq Tel *****1 Kuala.Lumpur Tel ***** Penang Tel *****6 .1 RI) 1\ 1 n I A H Orient Overseas Co*Ua*t&i Line 19/6 20/6 26/6 27/6 2/7 3/7 9/7 10/7 XaMif Bremerha»en attei Hamburg "Closing Times (S
      317 words
    • 323 15 flats )A± I UASC UNITED ARAB SHIPPING CO (SAG; EXPRESS MULTI PURPOSE SERVICES (12/6). Bahrain (15/6). I Doha (18/6) Dubai (21/6). Abu Dhabi (24/6) 7W%»ai (12/6). Kuwait (15/6). I Dammam (18/6). Bahrain (21/6). Doha (24/6). Dubai (27/6). Abu Dhabi (30/6) I in Qaboos (30/6). Dub* (2/7). Dammam (5/7). Abu Dhabi
      323 words
    • 13 15 CONTAINER Schedules LONDON Freights SHIPS In Port SHIPPING List REGIONAL Weather SHIP Sales
      13 words
    • 666 15 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****1 Port Keiang Tel *****1 Kuala Lumpur Tel ***** Penang Tel *****6 *1 MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: ÜB. PACIFIC. GULF, ATLANTIC, EAST CANADA, ASIAN PORTS f'l7l'VJ •SWGAPORE CLOSMG TMES CY 24th May 2300 HRS
      666 words

  • Page 16 Advertisements
    • 851 16 k CONTAINER SERVICE Feeder *P Kettng Vessel S pore 1) Msedles 2) Rdam 3) Htxirg 4) u»i 8 KNAGA Sid TOYAMA 26/5 10/6 15/6 16/6 18/6 B DAHLIA »/5 N CRYSTAL 2/6 17/6 22/6 23/6 25/6 B PENAGA 5/6 WTLAHDIA 9/6 24/6 29/6 30/6 2/7 8 DAHLIA 12/6 B PtRMAI
      851 words
    • 247 16 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA BTHEUB" tm 5. "BARBER TOMBBERG" 1m 17. "BARBER TMUM kw "BARBER PERBEUB" M, "BARBER MENESTHEUB" feat S. "BARBER TOHBBERO tat 17.1 «u itssas mm swwk ms immn mwmm7 TO: PANAMA US ATLANTIC EAST CANADA US QULF rr-ll 1 -T—lf TO: CALIFORNIA
      247 words

  • Page 17 Advertisements
    • 876 17 ZIM UPGRADED SERVICE TO THE U.SA. REGULAR AS CLOCKWORK ZA ANGELES f M A 4* KONG SINGAPORE Beginning Saturday, May 9, Singapore exporters can enjoy the advantages of our upgraded service which is very dependable indeed. We are launching a fixed date departure from Hongkong on every second Saturday to
      876 words
    • 297 17 *r!n Frhi ico Belquui Services r IP r.,.' r- /i. C.M.C.R. rau cqhtmop* v—a to hbtmuiimi Sport P Mane Bkxu MsMies Genoa Trieste OOkLO VNJOIi Sat* bNrt 12 km 14 km li km 23 km 00*0 MBl OB »km 11 km Ikm 3Mr 5Mr 12 Mr HMMT4MMU 14 km akm
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  • Page 18 Advertisements
    • 798 18 JKHapag-Lloyd Mm accept** franstopmnt c*fo ten CMOKAN/MST NOES «a Hambur, TW MK 3/6 5/6 7/S 9/8 15/6 17/6 S'pore P Keianf 10/6 11/6 14/6 20/6 21/6 Sport PR Pen Mao Genoa H butj Bluvtfl (Warn Antwerp 6/6 9/S 11/6 5/7 30/7 14/7 16/7 13/7 11/7 TO UM/OWMM Feeder P *el»n»
      798 words
    • 338 18 L S LINE Member of Lian Soon Group of Companies As Agents li*» Soon SNppini I Tratfnc Co. Pte. Ltd. Managers Lian Soon Agencies (Pte.) Ltd. Telephone: *****11 (10 Lines) Telei: RS ***** Liamrin JAKARTA SERVICE In Port/25 May 29/30 May Tanjung Priofc Jakarta NWGA XXI CHERRY MANS CHERRY BAGUS
      338 words
    • 625 18 EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULI CONTAINER SERVICE 1 ALSO ACCEPTING CARGO FOR: UNITED KINGDOM SOUTHAMPTON. LONDON. MANCHESTER. BIRMINGHAM. BRISTOL, LIVERPOOL. GLASGOW. LEEOS. ETC WEST GERMANY BREMERHAVEN, OSLO, STOCKHOLM, GOTHENBURG, AARHUS, COPENHAGEN HOLLAND AWSTOAM S p»« MM Hntu| Rattaitoai (rtulm Mm* It Ha« [NT MM 21/5 22/1 24/1 21/1 21/t
      625 words
    • 836 18 WiMK&mp imr I rpM M M PfJOl/»"»» PMUHMHTAwmt*" n/n m n&M v/n m* HIHniffTIM II mt/i >m» r B F S S C Ag«nK m Moloyvo BOUSTEAD SHPPMG ftL NOS KL *****2/48)309 Compania Arpntiiw Da TIM T> Miwmia> IntarcoiitMMtal S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOADMG FOR DURBAN MONTEVDEO
      836 words
    • 328 18 r mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE JAPAN/STRAITS SERVICE srr »!S? sm CONTMOBOO SB NEmM warns id"mnu/'i 22*137*™ un m <MH. mm ocam arrm srm m. 22*11W7 MULt COHTMB P. ROME TEL CM7. «7V« emi uk sra m n-mv i/mi mum mk i iMMPor m vm i um
      328 words

  • Page 19 Advertisements
    • 922 19 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HOOEIDAH. JEOOAH AQABA (Reefer Cntrs Acceptable) VESSEL 'li\ rTTTTM T *!ri rtlrtrftt*, Accepting LCL Cargo to Colombo ft Aqaba. *FCL Closing 13/6 2300 Hrs. LCL Closing 11/6 1600 Hrs S E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ ■i 11 MWI \mm 408/41N
      922 words
    • 805 19 rnr» BENLINE CONTAINERS EXPRESS CONTABCR SERVICE TO/FROM EUROPE Pn* Ham Bh»»m Rdam Havre UK Chart, M|a 24/5 Mr at EM»I« a/I 27/4 M/l M/l 21/1 Bamjfc 31/5 Oh a* EM>|t a/I 27/1 a/I M/l 23/4 Fan* ki J/4 hu* 5/7 7/7 »/7 14/7 1/7 nOMOWft H BURG B HAVEN ROAM
      805 words
    • 541 19 Scan Dutch WEEKLY EXPRESS CONTAINER SERVICE TO MEP/UK/NC/SCAN I KMC* SM oM.it 21/5 I PtMCA 5/4 > DM* 12a KMCA l»/4 i im« x/t KMU 1/7 om» wi a route* i;/7 MM* 2411 f »iraaM2>r4aß 3)tfhn«)Ctari 10/ C 17/1 M/ 4 in 1/7 15/7 a/7 a/7 sa lift I) Gam.
      541 words
    • 509 19 BOUSTEAD SHIPPING AGENCIES BANK line FOR mm S. AFRICA AFRICAN EXPRESS Spor«: 0/10 June Also occepttng FCL contomers. flooding direct for Reunion, Durbon and Copetown only) Lines U.S. WEST COAST SERVICE Oncttro» SH> ItO ASHLEY LYRES SU SU LESUE LYRES 13/1 9/6 2§/5 17/7 rm i«e *c 25/6 26/6 29/6
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  • Page 20 Advertisements
    • 746 20 mm r K line KAWASAKI KISEN KAISHA. LTD. EXPtESS CONTAINER SERVICES TO NORTH AMERICA Ftoa *ssas* pk Earior feeder Nnk »AMi on requast Carpet Sm accaptaMe tat Oakland. Vantoorer. Portland. Houston. Galveston No* Oritur. Bastan. Si. Mm. PMadettoa. Narlo*, BaMmre. Satmnah. iacksonvSe TO EUROPE S pore P Ketone I Havre
      746 words
    • 513 20 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE ludb* tar: LOS ANGELES, SAM FRANCISCO. SEATTIE. T4COMA. VANCOUVER. IX. Iccaptni FCL/FCI CadiMn P Mm| Smppoci I */iftt« nmHUI" tint II few t My AUSTRALIA EXPRESS CONTAINER SERVICE AcMptof FCI/FCt Cwlinn PU«| S port IMb Md Syd Wso tcctoß MS" Inft/KN* 6 Mint
      513 words
    • 653 20 t o SINGAPORE SHIPPING AGENCIES PTE LTD 20T M FLOOR OCEAN BUILOINC, SINGAPORE 0104 MARKETING *****2 (3 L INE SI GENERAL *****1 114 LINE S) TERMINAL Of FICE 2223*83 TELEX RS ***** RS ***** A B CARSMIP CABLE CARGOSMIP SSI l:«Ser Lines WEEKLY CONTAINER SERVICE to/from BANGKOK 18/11 Hit 11/1
      653 words
    • 541 20 KORINS MARITIME SERVICES™ Room 601. ICB Building Shenton Way Singapore Tel *****22 *****67 P Kelang Tel *****4 *****5 MIDDLE EAST/RED SEA/EUROPE SERVICES STORE P. KELANG LOAOM6 FOR: I ha MM M km km Ml \\X SAIVI ICk LINES A member ot the Samtck Sroup ol Companies LRO SERVICE FROM KOREA/TMMN/HOK
      541 words
    • 592 20 INTRASEA (PTE) LTD Fabef House 234E Ochard Road 9 Telephone *****11 '2354C57 <®\MO REGULAR MDOOBOIT SERVICE TO BMPC S par* P. KoM« Nmi Lm*| A STMMMI- skm SJa BOULOGNE/* CM 9M B OU L OGNE /mi/V (AVON) rom/m (MM) K LHMMT NTUSi (PTE) LTD 235*11 BOOM® *****57 YEO SHfPBB 1
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  • Page 21 Advertisements
    • 519 21 TO EUROPE/UK (VIA SUEZ): C. ROZE 25* K. MCCWM 13* TW BftDGE 6* MERCATOR 23W 0. CHEF 25W HK CONTAMER 26W.. K. JACEJW 10W. Also accepting cargo to/from Scandinavia C. ROZE S'pore Closing Times: FCL Cargo LCI Cargo FROM EUROPE (VIA SUEZ) 0100 30/5 1300 29/5 Also accepting cargo to/from
      519 words
    • 283 21 MALDIVE LINES ETA ETA ETA STORE KUANTAN PORT KELAN6 FOR BOOK VIES I ENQURHES PLEASE CONTACT: SWCAPORE PORT KEIANC PANOCEAN NAVI6ATON ft TRADVK OMENTAL SHPPM CORPORA TUN CO /PTE) LTD TEL Hi. 42M71/U7544 11IS UTERNATIONAL PUZA PORT KELANG *****1 ANSON ROM) KUANTAN M *****9 SNCAWRE 82R7 TEL *****20 PA» GUDANE
      283 words
    • 412 21 p NOTICE ~TOKO LINE M.V. -AKLENE" v-1 Arrived on 18-5-81 Consignees of all damaged cargoes ex the above captioned vessel are notified that the General Survey will be held on Tuesday, 26th May, 1961 at Jurong Port Oodown No. 1 from 103)0 am to 13)0 pm. No further survey will
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  • Page 22 Advertisements
    • 517 22 f A*GO FREIGHT SERVICES P UMTS *****4. Back 3 ps« nun sroki coma PASS PANIAN6 MMO. STOtt 0511 M *****94/5 INDONESIA WEEKLY SERVICE Accepting FCL/LCL to Tg. Phok Conventional to oi ports in Indonesia HONGKONG WEEKLY SERVICE FCL/LCL consolidation ITALY Loodrtg FCL/LCL to Genoa, Trieste SIN/PT KELANG/BIN fcl only PT
      517 words
    • 501 22 PAPUA NEW GUINEA LINE MECT SAUK TO OMMN. New Gamea StoppMf CtifMitiM Ply W MN. PIPW KN GUNA ft H. COAST OF MEMCA Ld| for Dnta, PL Mares*», Lm. Uands. L Ancetei ft 1 F SEA Spare P K atari 12 km 13 turn CONSORTIUM (PTE) L TD. SINGAPORE If
      501 words
    • 308 22 WOOD LINE Bulk Timber and Plywood Service UK/CONTINENT SERVICE Spv* HMmi T|Hm L«a*|tar GRMD GLOBE *L 003 9d SM SM NMCTR/MM/ IK MOUNT KMNDt *****/J 24/« IC/C W/WM/ m SIKK M. m. 005 1/7 5/7 11/7 NANTES/MM/ SOUTH AFRICA SERVICE Spore HUM* SA 001 15/ C I>/C A—iw/ftrtw/Caprt— S* 002
      308 words
    • 285 22 KAWASAKI KINKAI KISBN KAISHA, LTD. JAPAN/STIkAITS/JAPAN Fully Containerised Service Tokyo Kobe S pore Pcnai* P Ketanj Spore Tokyo Kobe SU SU 23/5 24/5 2C/5 21/5 7/6 8/6 21/5 30/5 10/ C 12/6 13/ C 16/6 26/6 27/ C Nwted *****4/*****5 Hxiw CtmJmU KL ***** (711 Hanw fta Pw>n ***** NOW
      285 words
    • 274 22 FREIGHT LINKS EXPRESS PTE. LTD. Mb I*l.l4<i Rm, MnW tea. Imm tat tan UK MIMMS (i IH SIMM T*c B ***** FtTMMI S Inlaihaiißlil I Ira wmm Au«ir»iia-miorTr#igni Lino ri BRISBANE SYDNEY MELBOURNE ADELADE 11/6 13/6 16/6 20/6 21/6 24/6 27/6 30/6 5/6 7/6 12/6 14/6 19/6 •Also Acceptw* Car
      274 words
  • Page 22 Miscellaneous
    • 181 22 1201 Regional Weather 14 01 25r 1 ol 3 s .V 'Jt I m 1 fl 2 2* N crV ©i r •-> as r? t= LLm c cr* SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AJA. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed
      181 words