The Business Times, 28 May 1981

Microfilm: NL11156
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 THURSDAY, MAY 28,1981 60 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Reagan recalls Habib
      72 1 UPI, AFP WASHINGTON, Wed. President Reagan called home his special Middle East envoy Philip Habib to report on the stalled US-sponsored shuttle diplomacy to defuse the Israeli-Syrian missile crisis. Meanwhile, Israeli Prime Minister Menachem Begin said that Syria had carried out manoeuvres, called up tens of thousands
      UPI, AFP  -  72 words
    • Article
      Lock icon Australian workers strike
      69 1 Reuter SYDNEY, Wed. About 800 shipping clerks in the port of Sydney began a 24-hour strike in support of 60 clerks from one terminal who have been on strike for more than two weeks because of a dispute over staff levels. Some 26,000 Australian telecommunications workers also
      Reuter  -  69 words
    • Article
      Lock icon Union files appeal
      65 1 AFP KUALA LUMPUR, Wed. The Electrical Industry Workers Union (EIWU) .has filed an appeal with the High Court against the decision of Labour and Manpower Minister Richard Ho disallowing the unionisation of electronic workers. Datuk Ho said the union filed their papers last month. The EIWU had
      AFP  -  65 words
    • Article
      Lock icon Embarrassing row
      66 1 Reuter BEIJING, Wed. An embarrassing row that blew up between India and China has not changed Foreign Minister Huang Hua's plans to visit New Delhi next month. The People's Daily sharply attacked reported remarks by a senior Indian Foreign Ministry official, Eric Gonsalves, who was quoted by a
      Reuter  -  66 words
    • Article
      Lock icon Tariff exemption ends
      70 1 AP TAIPEH, Wed. Taiwan-made goods entering the mainland Chinese market ceased to enjoy a tariff exemption from March. The pro-govern-ment China News, quoting an unidentified Taiwanese intelligence report from mainland China, said China lifted the duty-free status on Taiwanese exports because it has discovered that "its united
      AP  -  70 words
    • Article
      Lock icon Manpower task force
      75 1 AFP WEST POINT, Wed. President Ronald Reagan today announced the creation of a military task force to review recruitment into the US armed forces and "increase the effectiveness" of both active and reserve units. The new "Defence Manpower Task Force," directed by Defence Secretary Caspar Weinberger, would
      AFP  -  75 words
    • Article
      Lock icon Anti-Chun demonstration
      58 1 AFP SEOUL, Wed. A violent anti-government student demonstration broke out today inside the campus of the prestigious Seoul National University denouncing President Chun Doo-Hwan's rule. Riot police intervened by firing tear gas bombs, but defiant students refused to disperse for several hours, grappling against plainclothesmen. More than a
      AFP  -  58 words
  • Chief Price Changes
    • Article
      SINGAPORE
      136 1 Rises Indices UIC 3T2 Hwa Hong 192 Semb Shipyard 640 Y H S Maia 540 Acaa 396 Dah Yung 312 U O F 382 TDM 352 U O I 344 J C MPH 320 Falls 20 16 15 15 12 12 8 6 6 6 B.T.Indicator: Industrials: Finance: Hotels:
      136 words
    • Article, Illustration
      KUALA LUMPUR
      148 1 Rises Indices Castlefield 2450 Tasek 945 Austral C 650 G Ceramics 700 Oriental' 995 Falls C Sugars 2150 OCBC 1270 Synthetic Resins 835 M U I 2190 API 680 Tronoh 1670 PMC 1730 B Kawat 410 U M Works 470 150 35 30 +30 25 -130 -70 -50
      148 words
  • Article
    Laws to regulate gold trading
    722 1  -  MOVE TO PREVENT MALPRACTICES By LILLIAN CHEW LAWS regulating gold trading in Singapore, designed to prevent the mishandling of public funds by gold trading companies, are expected to be tabled at the next sitting of Parliament. The net result of the proposed laws will be
    722 words
  • Article
    Industrial index falls 10 points
    251 1 PRICES fell across the board at the stock exchange yesterday as small speculators cleared overbought positions. The selling was caused by rumours of some disconcerting political events taking place in Malaysia as a result of the coming Umno election. The Straits Times Industrial Index fell
    251 words
  • Article
    Petroleum industry gathers strength
    671 1  -  By RONNIE LIM SINGAPORE is getting to be a 'Houston East'. The outlook for technology investment in refining, exploration and production support, and oil trading is excellent. These were the views of the US Embassy in its latest report on the industry. Progress on these three
    671 words
  • Article
    Ngee Ann resolutions
    348 1 NGEE Ann Kongsi is expected to re-negotiate with Metro Holdings for a new settlement on the lease dispute over the Orchard Square property. This is because its members have voted for an open tender valuation of Orchard Square instead of the average of three valuations as proposed
    348 words
  • Article, Illustration
    Lim made executive director of NPB
    230 1 MR LIM JIT Pah (share), carreatly director af the Vacatleaal aad ladastrial ItiUi| liui, will became exeeative director d the Nattoaal P red activity Heard (NPB) tram Jut 1. He tekea aver frem Dr Geh Keag Leag, wbe asnmed the pest la April tact
    230 words
  • Article
    Record rise in premiums for ECICS
    374 1  -  By LEE YOKE MENG NET premiums collected by the Export Credit Insurance Corporation of Singapore (ECICS) more than doubled from (2.06 million in 1979 to $4.84 million last year. This record increase in premiums, the highest since 1977 (ECICS' first full year of operation),
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      8 1 SINGAPORE mess FOR PEOPLE WHO MATTER OCliCalS rut).
      8 words
    • Advertisement
      Page 1 Advertisements Column 2
      132 1 ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments taking place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words each. There is a dual
      132 words
    • Advertisement
      Page 1 Advertisements Column 3
      68 1 SHIPPING TIMES AUSTRALIA plugs tax loop- STAKES are high in corporate holes 2 games oilmen p1ay.................... 7 BUYING properties abroad?..... 5 WHY deotschemark bonds are OUTLOOK for Malaysian rnb- weak I ber indu5try.............................. < Kuala Lumpur Kepong earnings 11 TV AND RADIO C, CROSSWORDS I, WHERE TO WINE AND DINE
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    • Advertisement
      Page 1 Advertisements Column 4
      138 1 the one and only Dr. Sony any day of the year *****1 Ii Buifttif Tim tatfaf, a 28 Ml® Baiktai A Flaaaca Daa't Bits It. warehousing PRIME LOCATION 3 o ■t? *ii*3 v An Associate Company of The Hongkong Kowloon Wharf Godown Company, Limited High-quality multi-storey warehousing in central River
      138 words
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  • REGIONAL
    • Article
      Lock icon China may upset HK's plan for offshore oil bases
      688 2 AFP, AP CHINA'S reported intention of building its own support bases for offshore oil exploration has upset similar plans in Hongkong. A Hongkong governmentcommissioned study has already pinpointed a possible site for a base and there are a host of foreign
      AFP,; AP  -  688 words
    • Article
      Lock icon Japan's nuclear policy has strong support
      570 2 Reuter, UPI, AP MOST Japanese Parliamentarians support the government's policy of refusing to allow nuclear weapons in Japan, including aboard US warships. A poll in the mass-circula-tion daily Asahi Shim bun showed that 68 per cent of the 755 Parliamentarians believed Japan should never
      Reuter,; UPI,; AP  -  570 words
    • Article
      Lock icon Tokyo may curb car exports to Belgium
      276 2 Reuter JAPAN is ready to curb its booming car exports to Belgium. Japanese diplomatic sources said International Trade Vice-Minis-ter Naohiro Amaya, who arrived in Brussels yesterday as head of a high-level delegation, would make an offer to hold down exports in a meeting
      Reuter  -  276 words
    • Article
      Lock icon Malik draws rich nations' attention to crisis
      385 2 AP INDONESIAN Vice-Presi-dent Adam Malik said in Washington on Tuesday that the major developed countries bear a heavy responsibility for what he described as a growing economic crisis in the Third World. "Instead of resolutely Joining in an integral and comprehensive attack on
      AP  -  385 words
    • Article
      Lock icon MANILA TO SEEK APPROVAL FOR $430M PROJECT
      152 2 Reuter THE PHILIPPINES is to seek formal approval at a meeting in Jakarta this week for a US$2OO million (about SW3O million) copper fabrication factory as its project in the Asean Joint industrial programme. Asean economic ministers are meeting on May 29 and
      Reuter  -  152 words
    • Article
      Lock icon Australia acts to plug tax loopholes
      297 2 AFP THE AUSTRALIAN federal government yesterday introduced legislation to stop international tax avoidance schemes operating in Australia. The Treasurer, Mr John Howard said the Bill was mainly designed to stop the transfer pricing problem, where profits that should be taxed in Australia are shifted
      AFP  -  297 words
    • THE REGION IN BRIEF
      • Article
        Lock icon MORE GOODS ACCEPTED
        387 2 Agencies THE PHILIPPINE trade ministry yesterday said that the Chinese government had agreed to accept 48 more non-traditional products from the Philippines starting this year. International trade relations director Francisco Valeda said the Chinese approved the country's request to increase its non- traditional export list from 19
        Agencies  -  387 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      738 2 ARRIVALS Service Local Operator Number Time From PAA PA005 0010 NYC/SPO/HKG MAS MH601 0545 KUL MAS MH680 0645 KCH PIA PK772 0730 KHICMBKUL SIA SQ101 0815 KUL MAS MH811 0815 PEN MAS MH603 0630 KUL RBA B513 0930 BWN MAS MH671 1000 PEN/KUL SIA SQ201 1000 HLP
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      196 2 Money alone cant buy this card. <■ 0 < •> w^'V s v 8 «*K IV v > 4&.$- v. All cards are valid worldwide If you wish to become a Carte Blanche Cardmember, you need more than money. You need to be a responsible person with a sound financial
      196 words
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  • OVERSEAS
    • Article
      Lock icon Saudis refuse to bend to crude demands
      518 3 Reuter IN ITS drive to stabilise the world price of oil, Saudi Arabia secured an Organisation of Petroleum Exporting Countries (Opec) price freeze while refusing demands at an Opec meeting in Geneva yesterday that it jypt now to stop flooding the market with
      Reuter  -  518 words
    • Article
      Lock icon Gulf between leaders in strategy talks
      225 3 NYT PERSIAN Gulf leaders have (ailed to make any significant progress toward a unified defence strategy during their summit meeting in Abu Dhabi. The main stumbling block has been the refusal by Sultan Qaboos of Oman to consider reducing his close military ties to
      NYT  -  225 words
    • Article
      Lock icon Jordan is in favour of Moscow's proposal
      174 3 Reuter THE SOVIET UNION appears to have won an important public endorsement from King Hussein of Jordan for its proposal to hold an international conference on the Middle East. The Soviet news agency Tass quoted the Jordanian monarch as having said that his
      Reuter  -  174 words
    • Article
      Lock icon US-Israeli relations amount to alliance
      177 3 Reuter ISRAELI Prime Minister Menachem Begin said on Tuesday that relations between Israel and the US had never been closer and that the two countries were now practically in an alliance. Mr Begin told a public meeting in a Tel Aviv suburb that Israel was
      Reuter  -  177 words
    • Article
      Lock icon Russians keen to speed up Siberian pipeline talks
      350 3 NYT THE SOVIET Union seems to be keen on speeding up negotiations on the major DM2O billion (US$B.64 billion) pipeline project intended to link the vast Siberian gas fields with Western Europe. Talks on the deal stumbled into trouble some three months
      NYT  -  350 words
    • Article
      Lock icon Unions receive praise for solid support
      410 3 NYT A DELEGATION from the independent Polish labour union Solidarity arrived in Washington on Monday to thank American and international trade unions for their support during the last year in establishing the first free trade union movement behind the Iron Curtain. It was the
      NYT  -  410 words
    • Article
      Lock icon Dutch coalition loses majority in polls
      200 3 AP THE centre-right governing coalition of the Netherlands lost its slender parliamentary majority in national elections on Tuesday. But Premier Andries Van Agt's Christian Democrats became the largest party in Parliament, earning a key role in forming the new coalition. The opposition Labour Party
      AP  -  200 words
    • Article
      Lock icon Panic selling erodes Italian share prices
      721 3 LIRA HOLDS STEADY Agencies PANIC selling wiped millions of dollars off Italian share values after the government resigned on Tuesday, but the lira held steady on foreign exchange markets. Stock prices, already unsettled by the series of alleged financial and espionage scandals which unseated
      Agencies  -  721 words
    • WORLD IN BRIEF
      • Article
        Lock icon SOVIETS BUY WHEAT
        500 3 Agencies THE SOVIET Union wants to buy as much Canadian wheat as possible and has signed a contract for a minimum 25 million tonnes in the next five years. The agreement marks a return to the type of long-term contract that was last in effect between the
        Agencies  -  500 words
  • Page 3 Advertisements
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  • RAW MATERIALS
    • Article
      Lock icon ICO discusses Brazil's role and falling coffee prices
      524 4 AP SOARING US interest rates and falling world coffee prices were the main topics of conversation in the InterNational Coffee Organization Building on Monday. The ICO's executive board was meeting to deal with a number of administrative items on a packed agenda,
      AP  -  524 words
    • Article
      Lock icon EXPORT QUOTAS SHOULD BE CUT
      218 4 AFP EXPORT quotas of members of the International Coffee Organisation (ICO) should be cut by 1,400,000 bags immediately. Sources close to the meeting of the ICO executive council said in London on Tuesday that today's prices were almost at their lowest for five years and
      AFP  -  218 words
    • Article
      RUBBER
      236 4 RUBBER price in Singapore yesterday closed slightly higher with June One RSS buyers quoted at 256.00 cents per kilo, i|p 3.50 cents from Tuesday's close. Afternoon prices were quietly steady until about the close when values gained some ground on covering demand and trade buying. Some profit-taking emerged at
      236 words
    • Article
      RAS PRICES
      325 4 RAS prices in cents per kilo yesterday. Close Noon (1 wr kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 256.00 256 OON 256.SO 257JON Int. I R.S.S. June 254.50 255.00 256.00 257 00 Int. 1 R.S.S. July 259.50 360.00 261.00 262 00 Int. 2
      325 words
    • Article
      SSR and SMR
      105 4 NOON SSR and SMR p ricas yeatardajr RA8 Jaae (Carreat Mtb) Barer* Seller* (Forward Mtk) Bayers Seller* SSR 20 (1-ton pallet) pallet) 223.50 225.50N 225.50 227 50N SSR SO (Moo 220.50 222.S0N 222.50 224 SON MRELB SMR CV (1-ton pallet) auo 306.00N 304 00 306 OON SMR
      105 words
    • Article
      Lock icon Marcos orders more copra buying stations
      163 4 UPI PRESIDENT .Ferdinand Marcos has ordered the Philippine Coconut Authority (PQA) to set up more copra buying stations in South-east Luzon, the main Philippine island. Press reports yesterday said Marcos gave the order during a campaign rally speech on Tuesday in Lucena city in
      UPI  -  163 words
    • Article
      Straits Tin
      92 4 THE STRAITS tin price in Penang yesterday (ell 14 ceats to MJJf.IB a Idle, te slip deeper Into the ITA lewer range af m.28 to $31.11, dealers said. Evidence of buffer stock manager baying, estimated at abent IN tonnes, failed to stop the decline wbleh was attributed to
      92 words
    • Article
      CLOSING PRICES
      34 4 Rubber; May 27 Singapore: June: 256.00 cents (up 3.50 cents) Malaysia: June: 277.50 cents (up 3.50 cents) Tin: M 529.18 per kilo (down 14 cents) Official offering: 258 tonnes (up 69 tonnes)
      34 words
    • Article
      SOYBEAN
      234 4 SOYBEAN futures in Chicago on Tuesday ended up V« cent a bushel in nearby July, to down as much as 2 Vi cents in other contracts. Late sympathatic local short-covering following the rally in grains accounted for the partial price recovery, sources said. Traders added that speculative .selling on
      234 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa yara: China Blue Phoenix 20b 2,275; 32s 2.775. 40s 3,030 (per bale of 400 lba). Piece gaads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      RICE
      317 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.08, 100 per cent third class 1.05, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80, Special
      317 words
    • Article
      Lock icon RICE IMPORTS
      131 4 Reuter SRI LANKA'S rice imports this year are forecast at 130,000 tonnes, down from 225,000 tonnes imported last year, the US Agriculture Department's attache responsible for the country said in a field report. The report, received in Washington earlier this month, said the 130,000 tonnes include 100,000 tonnes
      Reuter  -  131 words
    • Article
      Produce exchange
      173 4 CHINEBE Prtdiee Excktige, Singapare, rlasUg prices per 1M kg yesterday. Caeaaat «41: Bulk fob $115.00 sellers, old drum (In second hand drum) fob $128.00 sellers, new drum fob $134.00 sellers. Opr»: Mixed (loose) $67.00 buyers. Pepper: Muntok white pepper fob AsU NLW $415.00 sellers, Sarawak white pepper faq
      173 words
    • Article
      LONDON MARKETS
      749 4 COFFEE: Robusta futures yesterday ended the midday call mostly £3 to £4 a tonne easier after trading in a quiet market in a maximum range of £2, dealers said. Volume of 684 lots including 73 options was swelled by 400 lots crossed by one trading house. One dealer
      749 words
    • Article
      WHEAT
      236 4 WHEAT futures in Chicago on Tuesday closed at or near the top of an eight cent range, up 3Vi to 5 1 i cents a bushel in revived trade. Steady local short-cover-ing on trade reports of US winter wheat harvesting delays due to rains over the weekend held prices
      236 words
    • Article
      PALM OIL
      139 4 THE Kuala Lumpur market for crude oil yester- day continued to firm on further covering support in fairly active trading, dealers said. In June, south strengthened Ms4o to $1,050.. while central was traded up to $1,040 a tonne. July was traded $1,005 in the south, in August, south
      139 words
  • ASIAN STOCKS
    • Article
      Share prices fall
      505 4 TOKYO SHARE prices yesterday fell sharply led by heavy losses in big capitals and other blue chips with many investors discouraged by diminishing foreign purchases and the yen's sharp fall against the US dollar, dealers said. The market average shed 46.98 to 7,529.20 in fairly active trading
      505 words
    • Article
      Hongkong
      206 4 THE market yesterday continued to gain ground although in a less spectacular manner than Tuesday. Tuesday's strong close caused the market to open sharply higher. Early trading was hectic and sellers slowly gained the upper hand. The market tapered off towards the close and finished at the lows for
      206 words
    • Article
      Sydney
      227 4 GENERALLY, the market was steady, dealers said, with BHP down five cents to $14.75 and CSR two cents up at 16.42. mat «t Cmti INDUSTRIALS A. a t A. N. L A. P. ML rsv" lut N8W Borml C. B. A. C B R in a* m i«n 3M
      227 words
    • Article
      Bangkok
      163 4 STOCK prices yesterday closed mixed in slow trading with turnover remaining low, dealers said. Am Cndtt p~api w -a »m»i* Inwnnw Bangkok Metropolitan Bui Buosk Mytao Bui Of Ada Bank Of Aptfteji LtD 913 uneb Bartl Juekar CupM Interneitmxi Charoonf Thai ■i" 1M 1 Crown 306 4-4 DUCtt Thanl
      163 words
    • Article
      Manila
      94 4 THE stock market yestec-l day was mixed with turiK—over falling slightly to 13L. million pesos from 1.5 million on Tuesday, said. MAT n Aco)e lllnlne AUu Coo. A Altai Coo Bafuk> Ootd Banfuct Coo B BF (MM CDCP Ineo B. lapanlo B. Martodoqw B Itermleo Oriental A Oriental B
      94 words
    • Article
      Selected indices
      47 4 FINANCIAL TIMES INDUSTRIALS Tuesday 547.* Monday close* Week Ago 5SS9DOW JONES AVERAGE INDUSTRIALS v Tuesday 983-98*"' Week Ami MO 01 rH.K.HANG SENG Wednesday 1636.27 Tuesday *****5Week Ago *****0AUSTRALIAN INDUSTRIALS Wednesday 748.%^ Tuesday 747.*» w Week Ago 743*» ALL ORDINARIES Wednesday 711T Tuesday 713.ff Week Ago
      47 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      58 4 g {Nonya&uffiet SSuneh 7»very I j Specialities: •Kuah Hee Piow •Nonya Curry Ayam •Buah Keluak Tulang Babi •Otak Otak Blangah •Satay Babi •Sambal Udang *Fbpiah Baba •Chap Chye mr Nonya Mee •Nasi Kuning Sambal Terrain •Sambal Nanas •Sambal Blachan *Nonya Kueh *Aair Batu Kachang s Time: 12 pm to 2.30
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  • TRADE AND INDUSTRY
    • Article
      INADEQUACIES IN COPYRIGHT ACT
      379 5 LOCAL publications are not adequately protected by Singapore's Copyright Act which dates back to 1911. The Copyright Act established by the British during the days of the British empire offers protection to books published by British subjects and residents in the British colony. Since then Singapore
      379 words
    • Article
      Findings of readership survey
      396 5 ADULT Singaporeans prefer to spend their leisure time watching television than reading books. The First National Readership Survey shows that only 13 per cent of the 2,000 respondents spent their leisure reading non-textbooks. This compares poorly with the 48 per cent who spent their time watching
      396 words
    • Article
      Magnet power
      42 5 AN Australian company is exploiting magnet power to produce equipment such as magnetic sweepers, magnetic hoists, magnetic conveyor belt equipment, grate magnets and magnetic agitation separators. The company, Dings Conmag, is represented in Singapore by Material Handling Engineering in Jurong.
      42 words
    • Article
      MEMO PAD
      598 5 SEMINARS AND COURSES May 25-July 1: Quality Assurance Engineering and Management, Ming Court hotel, Sisir May 25-July 1: Quality Assurance Engineering and Management, Ming Court Hotel (Ming Crystal Room), Singapore Institute of Standards and Industrial Research May 26-June 25: Digital Electronics Integrated Circuits Understanding and Appl. Module n,
      598 words
    • Article
      Mandarin cuts down on energy use
      266 5 MANDARIN Singapore hotel has installed another device to help reduce energy consumption in the 1,200-room hotel. The new device, a Honeywell energy management computer system, costs about $300,000. It will control the lighting and airconditioning of the public areas in the hotel. When fully
      266 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      180 5 TWO senior executives of Control Data Corporation who are on a brief familiarisation tour of the region are now in Singapore. Mr T R McCarthy, country support manager, (international data services) and Mr Ritort Chaw, regional sales manager (business products. South-east Asia/ Taiwan) will meet senior officials
      180 words
    • Article, Illustration
      The attraction of houses abroad
      405 5  -  By SIOW LI SEN INCREASING affluence and appreciation of real estate as a safe investment have influenced more people in Singapore and Malaysia to buy foreign residential properties. These factors also prompted Montpelier International Properties to open an office in Shaw Centre last year, said
      405 words
    • Article, Illustration
      TRADE TALK
      218 5 A GERMAN manufacturer has appointed Boustead Engineering as its sole distributor in Singapore and Malaysia for the Kabag compact concrete batching and mixing plant. Mr Roland Miller, managing director of Boustead Engineering, said that Kabag, which specialises in wet process batch plants, introduces a relatively new concept in
      218 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      29 5 Ufre_ )NSILUK I lx »rtlie nirU 1 \\l k stays laslioiiiblvfit. •X. ,<*■ ■SV a a J ;^v S.ddrt. *x>m UNOOMe u&#"* 200 mi E*U K Tt»U TTf LANCOME PARIS
      29 words
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      Page 5 Advertisements Column 2
      83 5 COCKTAILS? The Holiday Inn has a way of turning out the finest at cocktail receptions. And making important occasions impressive celebrations. With splendid service and a superb range of sumptuous spreads. Accompanied of course, by the usual drinks and our 7 exotic cocktails to keep your guests in\~— ———excellent spirits.
      83 words
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  • Article
    Putting a proper glitter to gold
    401 6 ACCUSATIONS that Singapore is over-regulat-ed are frequently heard. These accusations may apply to some sectors, but certainly not to the gold market. Although the Gold Exchange of Singapore regulates the activities of its members, and the Monetary Authority of Singapore keeps a watch on
    401 words
  • Article
    No time to rest easy on energy
    296 6 THERE WAS nothing else they could have done. Opec members have more oil in their storage tanks than they can find buyers for, and when faced with a glut the producer has no choice but to cut back production and freeze or even
    296 words
  • Article, Illustration
    Lock icon Export mix gives M'sia bargaining advantage
    1259 6  -  The world's demand for rubber may be declining. For Malaysia a smaller share of the market does not mean reduced earnings. In fact rubber is expected to earn the country around M 58.03 billion in 1985, two-thirds more than last year. And the commodity's
    Depthnews  -  1,259 words
  • Article
    Lock icon JAKARTA'S NEW RUNWAY
    704 6  -  By COLIN BICKLER Reuter INDONESIA has taken another important step in strengthening its perimeter defences by opening a new runway in the remote South China Sea islands of Natuna, opposite Vietnam and Kampuchea, The move takes on added significance because the surrounding waters are believed rich in
    Reuter  -  704 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      608 6 -11-018 CROSSWORD CRYPTIC PUZZLE ACROSS 1 Skill with boats? (5) 6 Sort of glass to eat from? (5) 9 One keeping out of harm's way (7) 10 Behave sentimentally after tea, possibly (5) 11 Approaches an organ in opposite directions (5) 12 Puts one's name down (5) 13 Remove a
      608 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      1 6 Bristol
      1 words
    • Miscellaneous
      Page 6 Miscellaneous Column 3
      854 6 sra/re Hulk's search for a cure COMIC-BOOK her* The Lh crrdlbie Halt appeare on the little hex tonight (ehaaael 5, 1M) while friends Sapennu u4 Flack Gordoa are flextag their mascles m the silver screen. la his eadleos search far a care to his allmeat, David Baaaer gives himself aa
      854 words
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  • Article, Illustration
    Lock icon THE OFFSHORE GAMBLE
    1697 7  -  BIDDING FOR OIL TRACTS IN THE U.S DOUGLAS MARTIN introduces you to high-stakes corporate gambling among oil and gas companies DOUGLAS MARTIN NYT THIS IS a story of highstakes corporate gambling by tight-lipped men in well-tailored suits. The stakes run into hundreds of millions of dollars. Promising
    NYT  -  1,697 words
  • Article
    Lock icon Travellers cheques for investment
    744 7  -  FORPM, [with SANDRA SALMANS NYT MOST Americans travelling to Europe this summer will not leave home without some traveller's cheques whether American Express, Thomas Cook or another variety. The recent strength of the US dollar, however, has called into question the best time to buy those
    NYT  -  744 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      842 7 BANKERS TRUST NEW YORK CORPORATION AND SUBSIDIARIES Incorporated with Limited Liability in the U.S.A. Bankers Trust New York Corporation and Subsidiaries Consolidated Statement of Condition Liabilities and Stockholders' Equity Deposits Demand Time Foreign offices Total deposits Short-term borrowings Acceptances outstanding Accounts payable and accrued liabilities Long-term debt Total liabilities Commitments
      842 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        262 8 MAY X FT» 4-/-CORBEILLE Air-Liquid* B S N derail Danone C 8 F (ThomaonQtf) 422 no ***** 5 4-1 61 CM rrancalae des Petroles Oompiinh nnuKlere 146 +1 Compafnle Oenerale Credit Foncler De rr*ne* 307 348 9 B.5 Hachette (Ubnlrto). Machines Bull Michel in (B) -0-5 44.40 730 4-64
        262 words
      • Article
        Brussels
        95 8 MAT a m FORWARD MARKET 296 -4 A TtwO I» 0 Astur M 11 Bructn IflTM 30 Bru Ltnb 1130 -10 Cock 1438 172 0 unch Dc Bmn SO -3 Ebei ino *30 Electrobel MO Ob-Inno-Bm 1810 -3D Oe» lie •3 Hobok 2300 •10 Petro 4130 15 Ryl Dutch
        95 words
      • Article
        Frankfurt
        187 8 MAY Dm Aef-Telefunken «J0 -Oil A 20.60 +0J All! Leben All* Van BASF Bay H T Wbank Bay Vbank npr 1»00 1MJ0B ***** ***** 44 Rviw Caaaclla Chem Varw mjo nojoo ansae 0 414 -S CosuHntuil ConU Oumml Dalmler-Betu 1X00 •110 nio 04 4-0.1 -05 MfUMK Damac Dautaehe Bank
        187 words
      • Article
        Amsterdam
        41 8 Pacb SBlOO +0J Philips 22 30 0J Ratwco Riln Schalde 236J0 4300 1 -0J ***** 0J ROIIACO Royal Dutch Unilrm MS 88 .10 1J 41.4 IMS) 2.4 Unlm unch VQZ MO ♦Oil VMF 45.00 Wereld haven 111.40 +0.1 Source: ABN/Reuter
        41 words
      • Article
        Zurich
        163 8 MAY M Francs Actions 8ulnea an •s 060 5 Alusulsse Rm Brown Bonri Br Cite Oelfjr Br. Clba Oelcr P C m 1906 ll« MO -1 •M Cite Otlfj Rci Credit Sum* Br Credit Suisse Re« Bektrowau Br. Oeorfc Flsc her Br Globus Pr sas 3 »36 J0O MOO
        163 words
      • Article
        Milan
        82 8 MAT L Aaoc Oen ■Ire •o -no 1 mn VMM Bdatosl Ctntnk i wu; SHE mo -m Mat ®0 -lOBO 2319 >1«| Plnaldar On Immot) E -I r*v -fit ITT Prl TBOO -900 Italccmentl 57DO0 -MO IUlUder U07 -22 Ui|MU M Pt 1086 -M MaraUl Krc SUM) Med tot)
        82 words
      • Article
        TORONTO
        223 8 MAY a AMUM CI MS 46S BH H Dom Tar Doom Mines Palconbrtdct Paiconbrtdce Cop rtmnmtmr Qt Vast Ufa MS Z Ml •1 uncb Motaon A Moore Cp Neones J7S M ZI a* *s s IS -s AkAO Algomi Bulk Mont Z MS SSB -S unch Noranda Nortbgau Exp
        223 words
      • Article
        JOHANNESBURG
        256 8 MAT 36 Rand «Pnar11«0 son unch in B R Con* n ion unch -30 Plau Ql Mi 3210 -00 INUUHTKIAL8 Pp Ccmcn Mi aia -u Pram MU 1125 too r 8 Dr» -35 A Alpha oo -3 Prolea 306 unch 0006 Abercom AC And CI AM1C on MO IMS
        256 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      720 8 *|}<:~/>{<@,*[_,[=$/%]'[,!|_+\! The American Express Card serves you well, wherever good food is served". v Inn Of Happiness 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.
      720 words
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      Page 8 Advertisements Column 2
      181 8 a X X v%' r4 The Dragon Palace Restaurant is where you can dine in regal splendour and dance to the mellow sounds of yesteryear with "The Zodiac" Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy twosome" WAotpn rain Ox ley Rise/Penang
      181 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Proposal to alter issue terms
      235 9 Reuter THE JAPANESE Finance Ministry has proposed cutting its June flotation of 10year national bonds to 220 billion yen from an original ,720 billion in view of a deterioration in the secondary bond market. A spokesman for a syndicate of 31 banks and securities firms
      Reuter  -  235 words
    • Article
      ABN rise
      18 9 ALGEMENE Bank Nederland increased its prime rate from 12V* to 12 3 /4 per cent yesterday.
      18 words
    • Article, Illustration
      Chemco Finance set-up
      227 9 THE GROWTH of Chemical Bank's regional leasing and equipment finance activities in Asia can be partly attributed to its presence in Singapore. The setting up of a representative office of Chemco Finance (Hongkong), a subsidiary of Chemco International Leasing Inc. in Singapore in September 1979 has placed
      227 words
    • Article
      Lock icon KOREAN MANDATE
      94 9 Reuter KOREA Exchange Bank has awarded the mandate for a US$6OO million syndicated loan to a group of six international banks. The loan is over eight years with a grace period of four at a floating interest rate of 0.625 per cent over London interbank offered rate and
      Reuter  -  94 words
    • Article
      TRADING HOURS OF GOLD FUTURES
      147 9 THE LONDON gold futures market, which «pens on Sep 7, will trade daily ever three sessions between MM aad 11M hoars, 14M aad 15M, and 17M aad 18M. Market chairman Keith Smith, who Is managing director of Moeatta and Goldsmld Ltd, told a gold conference
      147 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        513 9 DEALERS said trading of the US dollar against other major currencies yesterday in the foreign exchange market was done rather confusingly because of uncertainty over US interest rates. The US dollar opened at 224.70 against the yen and hit a high of 225.00/10 before being traded down to
        513 words
      • Article
        PLR
        22 9 THE average rate ai which major Singapore banks are currently prepared to lend to their best customers is 12.52 per cent.
        22 words
      • Article
        ASIAN $
        205 9 ASIAN ASIAN currency deposit Interbank rates as at close on May 27. US Dollar*(Spot) Offer Bid 7 days 18 18H l month 17 15/1617 13/16 2 months 18 18H 3 months 18 15/16 18 13/16 6 months 17 15/16 17 13/16 9 months 171/16 1615/16 12 months 16 15/16 16
        205 words
      • Article
        Discount
        45 9 RANGE of prices offered by discount houses on May 27: Overnight: Call deposits: SH% to 6W* CMag Buying S«lliBf 3-month Treasury bills 6'* 3-month Bank bills 12 9/16 12 7/16 3 months CD ll*« U't 6 months CD 113/16 111/16 Source: National Discount Co
        45 words
      • Article
        Treasury bills
        42 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $120 million 91-day Treasury bills to be issued from June 1 to June 5. Each tender must not be for less than $250,000.
        42 words
      • Article
        GOLD
        226 9 SINGAPORE gold futures yesterday closed generally easier compared with overnight levels in thin trading, dealers said. Prices were marked down between US$2 to $4 an ounce at the outset following the metal's weakness in New York overnight and thereafter the market fluctuated narrowly throughout the session, they said. Total
        226 words
      • Article
        Silver quotes
        37 9 New Yort 10.25B 10 52B 10.45S 10 72S Zurich 10.20B 1040B 1040S 10 60S Wed Tms Singapore 10.20B 10 406 10.40S 10 60S Closing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore.
        37 words
      • Article
        HONGKONG
        112 9 THE US dollar yesterday eased slightly against most major currencies in late trading, after a firm opening yesterday morning. Trading was moderately active as the dollar eased on profit-taking. Sterling rose to $2.0685/ 0700 from 2.0640/50, while the French franc was indicated at a late 5.5350/5.5550 to the dollar.
        112 words
      • Article
        TOKYO
        115 9 THE dollar for overnight delivery yesterday closed slightly lower at 224.20 yen. compared with a 224.70 opening here and 224.45/60 close in New York overnight, dealers said. This was still up from a 223.85 close here on Tuesday. Trading volume was an active US$l.O3 billion. The rate rose briefly
        115 words
      • Article
        London
        39 9 Opening quotes yesterday US 2.0673/83 Can 2.4838 65 Cross —1.2010/13 D Mk 4.8220 60 D F1 5 3600'55 S FY 4 2800 55 B Ft (con) 78.52/62 F Ft 11.4325 4790 Lit 2392.10 2396.35 Yen 462 40 463.25
        39 words
    • Article
      NEW YORK STOCK MARKET
      942 9 THE NEW YORK stock market on Tuesday rallied in the final hour of trading, fuelled by the Opec members' decision to maintain current oil prices. Opec said it was maintaining the "marker crude" price ceiling unchanged at US$36 a barrel, while Saudi Arabia said it will
      942 words
    • Article
      Lock icon Mark bonds weaken
      678 9 INVESTORS LOSING INTEREST Reuter THE MARKET for mark-de-nominated bonds has deteriorated to such an extent that new mark Eurobond issues have been effectively halted and the way new domestic paper issues are conducted has been dramatically changed. Bond market sources said investor interest in mark bonds is
      Reuter  -  678 words
    • Article
      SDR deposit market
      457 9 THE SIZE of the deposit market in commercial special drawing rights (SDR) is currently about five billion to seven billion SDR, against four billion to five billion in December 1980. The market in SDR certificates of deposit (CDs) has grown to 400 million to 500 million SDR
      457 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      200 9 r <%8S& restaurant i presents Wednesday Fashion at 1.15 p.m. Try our sumptuous Hunan delicacies at no extra charge Exquisite clothes of IQ3SEQ TEJ,S BOUTIQUE Unit 226.2nd Floor, Supreme House, Penang Road. Singapore 0923 Make-up: MERLE NORMAN COSMETICS New Studio atOutram Park 151A-167A Models:' MANNEQUIN ARTS STUDIO 0506, Singapore Shopping
      200 words
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      Page 9 Advertisements Column 2
      260 9 Dreaming of a house? Buy it now with the help of Chase C.B.G" Fed up with paying rent but haven't enough money to buy a house? Your first step to home ownership is to call Chase. Chase *Consumer Banking Group can help you with a loan, for a house, a
      260 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2174 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Ac ma (4
    2,174 words
  • Article
    Unit trusts
    188 10 SING APORE UNIT TRU8T (Mmpn' pr4ees tar May The Commerce 376 3 %xd The Savings Fund 214 2.25 S pore Prog Fund 1M 172 S pore Sec. Fund 2.51 2.64 S pore Invest Fund 2.42 2.54 S'pore Equity Fund 1.56 164 DIAMOND MOT STOKE (Maaagers' prices far May
    188 words
  • Article
    SHARE INFORMATION SERVICE
    2749 10 1981 High Low Company Last Sale orGr"s Div Div Cvr Gr*s Y'ld Net P/E Vol Day ('000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 424 334 312 420 200 470 950 6654 430 320 130 161 330 110 360 650 322 360 Acma Alcorn Allied Choc BAT Bat*
    2,749 words
  • Article
    In Kuala Lumpur
    2253 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. IMHOTRIALB Arm (3.508) Mtmm (3 60S) (I) 3 78 <1) 3.71 (2)
    2,253 words
  • Article, Illustration
    Bulls stay on the sidelines
    753 10 BULLS niggled eemfirtaMy, refusing to badge, tad tke ititk market glided thraagh a heart-siaklag day af fareed selling aad stale bail Uqaldattoa. TV steadier apeaiag la the mnriag waa shartlived aad ftilii—if mm gat the better if investors. As seattmeat tapered iff to a law,
    753 words
  • Article
    Kuala Lumpur prices lower
    566 10 SHARE prices continued to deteriorate on a broad front in quiet trading at the Kuala Lumpur stock exchange yesterday. Some light support was noted at the opening bell for selected counters but this failed to gather momentum. Sellers were already showing their superiority before mid-morning. On
    566 words
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  • COMPANY NEWS
    • Article
      KLK earnings fall
      411 11  -  By THE CITY STAFF OWING to lower commodity prices, plantation group Kuala Lumpur Kepong (KLK) has reported a 5.4 per cent drop in group pre-tax profit to M 528.7 million for the half year ended March 31, 1981. This is despite a 3.6 per cent rise in
      411 words
    • Article
      Lock icon ST PIRAN ADVICE
      646 11 FT INDEPENDENT directors of Saint Piran, the controversial tin-mining and housebuilding group, have urged shareholders to accept a 60p. per share cash offer from Gasco Investments, the master company of Mr Jim Raper, a former chairman of Saint Piran. The independent directors of the board who sought
      FT  -  646 words
    • Article
      GIH UNIT
      83 11 GROWTH Industrial Holdings (GIH) has raised the paid-up capital ef Its whollyowned subsidiary Rlsmas Marine from $2 to $SM,KN throagh the sabserlptloa of aa additional 4M,MB share* of $1 eaeh la cash. Rlsmas Marine recently purchased two vessels far $11.1 mlliton. The vessels are a botol-cnm-werk barge and
      83 words
    • Article
      IOX postponement
      187 11 f INDUSTRIAL Oxygen Incorporated Bhd has postponed its extraordinary general meeting scheduled for May 29, 1981, following a Federal Court order on Monday. The Federal Court order has granted an application by the company for a suspension of the operation of an order made by the High Court,
      187 words
    • Article
      MOX is well ahead at half-time
      213 11 NEWLY-LISTED Malaysian Oxygen Bhd (MOX) appears to be well on its way to meeting its own profit forecast of Ms9.l million for the current financial year to Sep 30, 1981. The group in its interim statement yesterday said that barring unforeseen circumstances, the forecast
      213 words
    • Article
      In Hongkong...
      39 11 CHI ANGS (H*Miags) Ltd said its rights issue of 24.35 million HK$l shares at $1.70 per share has been about 96 per cent subscribed. In a statement, the company said acceptances were received totalling 23.47 million shares.
      39 words
    • Article
      Valuation shows surplus for Eu Yan Sang
      185 11 A PROFESSIONAL valaatfaa af Ea Yaa Swig's toad and baUdlags haa tknvn ap a sarpias af 921 J2 mil (ion, the graap aaaaaaced yeaterday. TV valaatlaa, carried aat at the cad af laa* month, gave the graap*» Meets a valae af $28.21 mllllea
      185 words
    • Article
      VPL does better
      184 11 VENEER Products Ltd (VPL) has reported some improvement in its results (or the year ended Feb 28, 1961. Despite a near 72 per cent fall in group turnover to 194,450 ({336,412 previously), the company's net loss before tax and extraordinary items has been reduced to $312,020 or
      184 words
    • LATEST RESULTS
      • Article
        ESSO Malaysia Bhd
        71 11 made after tax profits of $37 million for the year ended December 1900, compared with $23.7 million the previous year. Turnover rose 33 Scent to $1.19 billion from million. The directors have proposed a final dividend of 40 cents gross. Together with the interim dividend of 25
        71 words
      • Article
        SENTOSA Plywood
        85 11 suffered a loss of $321,883 before tax and extraordinary items for the year ended December 1900. The previous year, the group achieved a pre-tax profit of $780,409. The loss was aggravated by an extraordinary group loss of $746,704 on investments whereas the previous year, extraordinary losses amounted to
        85 words
    • Article
      D and P land bank
      444 11 DRAGON and Phoenix Berhad, hitherto a small garments manufacturer, has announced a sizeable land acquisition, as well as bonus, rights and special issues to Bumiputras which should altogether raise its standing among listed companies. The Penang-based company disclosed on Tuesday (along with its annual results)
      444 words
    • Article
      Stable breed
      489 11  -  San Ma I, Dear Haek Lack Slew, So far we have heard only of the KKP Stable (Khoo Kay Peng), HL Stable (Hong Leong), Paramount Stable (See Hoy Chan), KTP Stable (Khoo Teck Puat) and the Ganda Group. These 'stables' are owned, managed and financed by rich and
      489 words
    • Article
      RESULTS DUE
      359 11 Date Last Full Year Company Period Announced Net EPS Grass Pre-tax Inst year (cents) Dtv. Profit <%> (fin) A Hitam Tin I 4/3 123.9 205.0 22,028 Esso F 30/4 43.1 60.0 23,700 Kesang Tin F 5/5 64 Public Bank F 15/5 27.2 7.5 5.442* S P Textile I
      359 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      121 11 The Portable Colour TV and 3-band Radio Switch on your all~m~one colour TV or radio, wherever you go! 35 The new Otake Colour TV and radio is so handy when you don't want to miss your favourite TV or radio programme! With a clear 12.7 cm (5") screen, the compact
      121 words
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      Page 11 Advertisements Column 2
      420 11 Some people say we've got quite a history behind us. As a multi-faceted multinational, I mean. For instance, we've been in the motor vehicle business for some years. Not counting our experience in engines, that is. We sell and service the most prestigious car ever to grace the road the
      420 words
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  • Article
    S'pore-Malaysia trade deficit narrows sharply
    283 12 WHILE Singapore's trade deficit with Peninsular Malaysia has narrowed sharply in the first four months of this year, the Republic continues to chalk up a greater imbalance in its trade with the rest of the world. During the period, exports to Peninsular Malaysia totalled *1,695.9
    283 words
  • Article
    Lock icon Hongkong lifts ban on entry of new banks
    169 12 AFP THE HONGKONG government yesterday lifted Its moratorium on the entry of new banks with an announcement of a new licensing policy by the Financial Secretary, Sir Philip Haddon-Cave. This policy permits a limited growth la the number of foreign banks and
    AFP  -  169 words
  • Article
    Lock icon RECORD BUY OF JAPANESE STOCKS
    93 12 AFP NET FOREIGN Investment la Japanese carparate stacks raw USftSl milttaa la April fram IKS milllaa la the previaas maath, with farelgners' parehaaes and sales hlttiag ail-time highs. The April aet stack lavestmeot was the third largest figure faltawiag $14« milllaa last September aad $1,141
    AFP  -  93 words
  • Article
    Lock icon Hussein won't stay on despite appeals
    572 12 Agencies MALAYSIAN Prime Minister Datuk Hussein Onn has officially declined to seek re-election as president of the United Malays National Organisation (Umno) despite appeals by people from all over his country to change his decision. Datuk Hussein, 59, who underwent a coronary bypass operation
    Agencies  -  572 words
  • Article
    Reprieve for foreigners
    442 12 FRANCE'S new Interior Minister, Gaston Defferre, has suspended expulsion orders against foreigners in France pending a general review. The only exception to the suspension would be for urgent reasons of public order. Speaking of the country's some four million immigrants about 7.5 per cent of the present
    442 words
  • Article
    Lock icon PRODUCERS AGREE TO REDUCE OIL GLUT
    147 12 AFP OPEC members have reached a "gentleman's agreement" to reduce the world oil glut, Indonesia's Oil Minister Dr Subroto said yesterday. Dr Subroto, who chaired the Organisation of Petroleum Exporting Countries (Opec) meeting in Geneva, also said Opec might unify its oil prices at
    AFP  -  147 words
  • Article
    Lock icon Opec compromise may leave oil glut intact
    398 12 AFP THE INCOMPLETE compromise by oil producing countries in Geneva to freeze prices and cut production seems to leave open the possibility of a continuing world oil glut. Members of the Organisation of Petroleum Exporting Countries (Opec) agreed on Tuesday to freeze prices
    AFP  -  398 words
  • Article
    LONDON STOCKS
    859 12 LONDON, Wed. The stock market closed mixed after a quiet session today, dealers said. At 3pm, the Financial Times index was down 1.4 points at 546.2, after an opening high of 551.7. Government bonds firmed as much as half a point in thin trading but equity leaders attracted
    859 words
  • Article
    Lock icon DOW JONES MIXED
    92 12 AP NEW YORK. Wed. The stock market was mixed this morning, pausing after yesterday's late rally. Gainers outnumbered losers about 5 to 3 in the early tally of New York Stock Exchangelisted issues. But the Dow Jones industrial average slipped 0.28 to 983.68 in the first half
    AP  -  92 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      236 12 NOTICES U5535,000,000 Floating Rate U.S. Dollar Negotiable Certificates of Deposit, due 30th November 1983 The Dai-Ichi Kangyo Bank Limited (Singapore Branch) In accordance with the provisions of the Certificates, notice is hereby given that for the six months interest period from 29th May, 1981 to 30th November, 1981, the Certificate
      236 words
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      Page 12 Advertisements Column 2
      2 12 See page
      2 words
    • Advertisement
      Page 12 Advertisements Column 3
      253 12 ADVERTISEMENT TESTED AGAIN! OUR ITOKI SAFE THAT RESISTED EVEN THE FIERCE OXYACETYLENE TORCH. When burglars broke into the premises of 158 Eunos Avenue 6 Block 1077, little did they realise that their carefully planned burglary would come to no avail. Their attempts at cutting open the Itoki Safe Model 87
      253 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      66 12 :WE-ftT;HERI Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in several places from late morning onwards. Report for 24 hears prior to 7JI pm on May 27 at the Airport. Maximum temperature 30.9 Associated humidity 75 Minimum temperature 24.0 Associated humidity 96 Hours of sunshine 3.60 Rainfall
      66 words
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  • SHIPPING TIMES
    • Article
      Lock icon More Chinese ships to call at Asean ports
      315 13 UPI CHINA plans to send more ships to Asean ports in a move to break the stranglehold Western-dominated cartels have over the region. The principal Chinese tines, China Ocean Shipping Company (Cosco) and China Ship Chartering Corporation (Zhongzu) are studying Singapore's open
      UPI  -  315 words
    • Article, Illustration
      M'sia's DSLB to meet in Sarawak next month
      452 13  -  By G DURAIRAJ THE Malaysian Domestic Shipping and Licencing Board (DSLB) will hold its first meeting outside Kuala Lumpur in Sarawak early next month to study specific problems faced by coastal shipowers in the state. The special functions officer in charge of
      452 words
    • PORTSIDES
      • Article
        Lock icon Indonesia to charter ships
        180 13 AFP INDONESIA will charter at least eight foreign passenger and cargo ships this year to meet demand and offset an acute shortage of ships, said an executive of the state-funded shipping company "Pelni". The eight ships to be chartered will be needed to meet an anticipated
        AFP  -  180 words
      • Article
        Lock icon Strike at Calcutta
        100 13 AFP LOADING and unloading work at Calcutta port came to a complete halt as workers at the port and its offices went on strike. The five and half hours strike was called by several trade unions controlled by opposition parties jointly in protest against a move by
        AFP  -  100 words
    • Article
      INDEX TO ADVERTISERS
      651 13 Skipping Liae Page (M Shipping Uat Page C«l Skipping Liae P»ge CM Shipping Liae Page CM Achipelego vn 1 Evergreen TV 3 Lian Soon IV 2 Sanko Asia V 2 Adriatic VI 5 Fesco vn 4/5 Underprise vm 2 Sankyo IV 5 Afea VI 3 F\otta Lauro
      651 words
    • Article
      PORT CONDITIONS
      289 14 ALGERIA Algiers Mid May, waiting times of 8-10 days. ANGOLA Lobito May 19, berthing delays of 2-3 days. Luanda May 19, waiting times of 120-130 days. ARGENTINA Bahia Blanca May 20, berthing delays of about 8 days for grain loaders. Buenos Aires May 20, berthing delays of 17
      289 words
    • Article
      Container Schedules
      862 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Name Voy Estimated Shipping Gdn Mode of No. Time of Lines Operatn Arrival Date Time Zim Singapore 14W 29.5.81 0700 StarShpg TA4 TT Largs Bay 06/542 30.5.81 0430 Mansfield TA 4 VC Green Fortune 78-14W 30.5.81
      862 words
    • Article
      LONDON FREIGHTS
      1419 14 BROKERS reported very quiet conditions on Tuesday following long weekend holidays in both London and New York. North Atlantic grain business was scarce but the South African Wheat Board was able to cover 31,000 tons of wheat out of California for around US$36 fio, June loading. From the
      1,419 words
    • Article
      SHIPS IN PORT
      574 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anco Energie (Tanker) (after Hoegh Pilot subject gas free corn oil) 13/14 Ai Min (after Hoegh Pilot Kota Alam) 10/11 Adhiguna Karunia (after Pabloeverett) 25; 26 Boleslaw Ruminski (after Santa Elena sails) 45 Iran Besat (1100 hauls 66m East) 6/7 Jenson II
      574 words
    • Article
      UN Law of Sea Conference in serious situation
      227 15 THE United States has created "a very serious situation" by its decision to review a draft Law of the Sea Convention. The Asian-African Legal Consultative Committee (Aalcc), secretary-general Dr Sen of India said conclusion of the convention had suffered a setback because
      227 words
    • Article
      Maritime states meet to discuss on FOC fleets
      1028 15 MARITIME states met in Geneva yesterday to discuss the world's flags of convenience (FOC) fleets, which make up about onethird of global tonnage and still growing. A report from a United Nations committee that sponsors the talks said the six small countries
      1,028 words
    • Article
      Lock icon Non-conference lines' share up
      105 15 AFP NON-CONFERENCE shipping lines have attracted a sizeable portion of the refrigerated meat being lifted from Australia to Persian Gulf destinations. The Australian Minister for Trade and Resources, Mr Doug Anthony, said this had occurred since the formation of the AustraliaMiddle East Gulf Conference on March
      AFP  -  105 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1768 19 SCHEDULE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are published at a maximum of three weeks. PN
      1,768 words
    • Article
      Lock icon Bright outlook for bulk carrier market
      276 20 Reuter THE outlook for the bulk carrier market remains good, but prospects for container shipping and the tanker market is not promising, Orient Overseas Container (Holdings) Ltd chairman, C Y Tung, said in the company's 1980 annual report. Rising demand for coal as an
      Reuter  -  276 words
    • Article
      Lock icon RATES CONTINUE TO DETERIORATE
      777 20 AFP ALTHOUGH interest was quite widespread on the freight market last week, rates for prompt shipments continued to deteriorate with new two-year lows being established in the US/ Europe grain trade. Since last December rates for the 60/70,000 ton vessel on the trans-Atlantic routes have been
      AFP  -  777 words
    • Article
      PORT CONDITIONS
      380 20 FROM PAGEn INDIA Kandla May 19, 9 vessels awaiting berths with a delay of 3 days for petroleum, 6 days for cement, 5 days for rice, 10 days for general cargo and 4 days for edible oil. Paradip Mid May, berthing delays of 10-15 days for chrome ore,
      380 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      318 13 HEUNG-A SHIPPING KOREA FLA6 VSLS Regular Liner Semi-Container Service To: P.Kelanf/Kwkmf/Busan/lnchon Fm: Busan/H.Konf/Banfkok Td S'pore: *****11 P.K. *****4, PN *****5 K.L. *****0 .1 RI) 1M I H Orient Overseas Cotiiaute/i Line CaMinc att« Hamburg 'Dosing Tuiws (S pore) ■'3 I FULLY CONTAVOCED IIMOTTAL MBKHMT 12M 5/6 14/6 16/6 17/6 20/6
      318 words
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      Page 13 Advertisements Column 2
      369 13 IaSEALORDU UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES n WTTM V 35 "Cknrn Tmrs Fa 30/5 0700 MIS ICI »/5 IMS MB (9/6). Mm* (12/6). Kuwait (15/6) Damnum (18/6), Bahrain (21/6). Doha (24/6). Dub* (27/6). Alm Dhabi (30/6) kccw** Cantann Oti Mku OatxxK (30 6) Mma Qaboos 130
      369 words
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      Page 13 Advertisements Column 3
      748 13 ■benan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Agents I I *J UNIPACIFIC TRANS« TRADINfi m AfiENCT Fit LTD. Tel *****4 (5 lines) SINGAPORE MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: US. PACIFIC, OULF, ATLANTIC. EAST CANADA, ASIAN PORTS Pentnf Saled Saled 28-29/6 29-30
      748 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      868 14 MISC ii 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 *****, *****, ***** ***** CONTAINER SERVICE Cwlitar S*rHc* Feeder *PMar* Vessel B DAHLIA 29/5 N CRYSTAL B PtNAGA 5/6 AJTLAPOA B DAHLIA 12/6 B PERMAI B
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      Page 14 Advertisements Column 2
      224 14 BBS SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA IP IFTTTir 11/7 3/4 5/4 I 4/4 */< TOM 7/4 I 17/4 T» VI 21/* a/4 MM 23/1 4/7 4/7 ■n imu( "BARBER PERSEUS" M, 34. "BARBER MENESTHEUS" M» 5. "BARBER TONSBERG" km 17. "BARBER TENNESSEE" Mt a mi *ssas
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      840 15 NOTICES NOTICE TO SHIPPERS MALAYSIA PACIFIC RATE AGREEMENT The lost General Freight Increase introduced by this Rate Agreement was effective Ist April 1979. Since then because of the continuing cost escalation experienced by the Members of the Malaysia Pacific Rate Agreement, Members have decided to introduce a General Freight Increase
      840 words
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      Page 15 Advertisements Column 2
      136 15 NOTICE OF SHIPPERS STIUUTS/NEW YORK CONFERENCE Shippers are hereby informed that Members of this Conference have decided to introduce a General Freight Increase effective Ist July 1981 as follows:Except as otherwise indicated in the exception below, effective Ist July 1981, all commodity rates will be increased by US$6 per 1000kgs/M3.
      136 words
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      Page 15 Advertisements Column 3
      374 15 fZB Franco Belgian Services (/•'.> Fa*' Fr.'.ch >« rt let ith /?.',l an tit F,ts:,rr. I.inr^ AC I O^OS'^v C.M.C.R. Spent P M 4** Btona Genoa Trieste CIOAIO K HOB SUM II l« IMr 3Uy 5Mr 12 Mr HMATA MMU 14 km 21 km lUy 2Uy 9Uy HMATA MMU mppomca
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      655 16 Hapag-Lloyd imp iay 26/6 a/8 29/6 5/7 7/7 8/7 9/7 11/7 12/7 I c«|o tor CARIBBEAN/WEST HUES na 7/6 9/8 15/6 17/6 Spore PR Pen Bilbao Genoa H'bur| B'haven Mam Antwerp Soph* ackniers j /6 9/6 n/6 i/7 X/ 1 4/7 16/7 3/7 /7 TO USA/CMADA Feed** HH>l Eipress Long
      655 words
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      Page 16 Advertisements Column 2
      368 16 KOREA LINE SHIPPING CORPN 4> c n an > IJ~mU ojpi Alqerian National I me F3 Aqp'i's SoD Aqprrs UNIPACIFIC TRANS 4 TRADING ORIENT At SHIPPING CORP 1 AGENCY PTE LTD i *?00:b if q M J4i b i"es StNC.APOHt PfSiNG'e bIOBS EAST MALAYSIA SERVICE 29 Hay/2 June KudA*/Sl»u/S**«i Kuctant/Stw/Beutang
      368 words
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      Page 16 Advertisements Column 3
      580 16 ©EVERGREEN LINE FAR MSI FUROPE fXPRfSS fUll CON!AINF R SFRVICF ALSO ACCEPTMG CARGO FOR: UNITED KINGDOM SOUTHAMPTON. LONDON, MANCHESTER, BIRMINGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS. ETC. WEST GERMANY BREMERHAVEN. OSLO. STOCKHOLM. GOTHENBURG. AARHUS. COPENHAGEN HOLLANO AMSTERDAM Vpm Md* Hmtmt Mm) It Nn Imt Mil »/S 22/1 24/« 24/4 24/4 29/4 Itm
      580 words
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      Page 16 Advertisements Column 4
      979 16 r tJVI Smgk Burma Fivt Star Shipping Corpn. pagan PHASHW GT A WYN A HTANTAWTOA S part ri«M| PP3O2/71 tt»T 11/31 Hit in Jw L Agents m Molovsio UUUb I bAU ywvnb TEL NOS KL *****2/*****9 Campania Arpawtiwa Da Navaaadaa lirtarcantinantal S. A. C.I.F. "ARGENTINE NATIONAL LINE" LOADMG FOP DURBAN
      979 words
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      Page 16 Advertisements Column 5
      402 16 r OCEAN SHIPPING ENTERPRISES PTE LTD. IS] SANKYO LINE JAPAN/STRAITS SERVICE GENERAL AGENTS CONTANO IOOKME SM AGENTS P RELAW OCEAN MM A tNTUWUES PTE 11* KMi lEL 22(1144/7 A 22*1171 I um m 4MM4. *****1 ocean m* store tel *****44/7 MULI CQKIMO P. KUME TEL U47, **73/4 EAST MM IHII
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      886 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIOAH, JEDDAH AQABA (Reefer Cntrs Acceptable) IST CALL •1 T A Accepting LCL Cargo to Colombo A Aqaba. *FCL Closing 13/6 2300 Hr*. LCL Closing 11/***** Hrs S E A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS' 2ND CALL MM 11 L R.HJ.T:T«■
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      Page 17 Advertisements Column 2
      708 17 12*j BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE HBURC BHAVEN ROAM HAVtt SOTON FROMEUtOPt HBU#G B HAVEN R DAM HAVRf SO lON i* Germany Austm Benehii France All UK fK(Un( Spore F« lw<« SaM SaM M SaM bM 31/5 1/1 HK TWN Eke Mara W SjM SjM SjM SjM
      708 words
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      Page 17 Advertisements Column 3
      592 17 Ta Scan Dutch V mi* M/ 5 PWACA 5/4 OAMLW 12/1 UNAGA It/I DAHLIA 2t/t PIPIAGA J/7 DAHLIA 11/7 UNAGA 17/7 DAHLIA 24/7 t t 1) Malm. Stockton. Orio, HaMu 2) Copenh«en Aartws 3) Brenwn 4) Antwerp Amsterdam 5) Barcelona (mm Basle Bordeaux ALL £8 «s* Kt«bi| fa/fa intermediate carp
      592 words
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      Page 17 Advertisements Column 4
      566 17 BOUSTEAD SHIPPING AGENCIES BANK LINE AFRICAN EXPRESS. */M> Jun Also accepting FCI. contoiners. (loading direct for Reunion, Durbon and Capetown only) Lykesyfe Lines U.S. WEST COAST SERVICE Dhd trow SfO Lbcti ASHLEY LYKES Sid Sid LESUE LYKES 13/6 9/6 S'Ut 1 *C VK 25/6 26/6 29/6 12/S 13/t 16/1 (at
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      897 18 Kil INE KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER S ERVICES TO NORTH AMERICA Earlor Iwdor tntak afca nAM on rofMti Carpm aho accoptaMo t«r Oakland Vmcsmir Portland. Houston. Gatvotton. Nni Orloam. Mk SI Mm. PMiBi»Hi. Nortoft. Ww«. latMorwfc TO EUROPE S'pore P Kelang I Havre R'dam H burg Bremen A
      897 words
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      Page 18 Advertisements Column 2
      537 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Lu*« to lOS tNGD.ES SAN FRANCISCO StATTU TACOtIA VANCOUVER B C Accaptn| FCL/FCL Contamn AUSTRALIA EXPRESS CONTAINER SERVICE Accap<«c FCI/fCI Cwtatopi P Kctanf Spore Mett Adei Syd Abo accepts "UMHS" ?4 tune 25 hire 7My 13 Arty ?1 My Bri /Free IAMMS" 3
      537 words
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      Page 18 Advertisements Column 3
      484 18 \r 3 H A (•■'(Hip SINGAPORE SHIPPING AGENCIES PTE LTD 20TM FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****? (3 LINE SI GENERAL *****1 114 lINES) TERMINAL OFFICE *****83 TELE* RS ***** RS ***** A B CARSMIP CABLE CARGOSHIP l!c«|ional Container Lines WEEKLY CONTAINER SERVICE 10/lrom BANGKOK 7/1 M VI km
      484 words
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      Page 18 Advertisements Column 4
      629 18 KORINS MARITIME SERVICES K Room 601 ICB Building. Shervton Way. Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES \\A» SAW ICk LINES A memOer tl Iht time I Crimp el Comf awn LID SERVICE FROM KOREA/TAINAN/HONG KONG TO SWGAPORE Inchon Busan Kfrtunt HKong Spore SAM EUN
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      Page 18 Advertisements Column 5
      761 18 INTRASEA (PTE) Faber House 234E Orchard Road Singapore Telephone *****1V*****57 HUM MEPOKNT SERVICE TO EUROTE WORLD SIM *****. NORASIA ***** S par* P. Kcteif Lm*| tor: ikm Itm BOULOGNE/RIMM/UK (AVON) S M 9 M RDMI/UK (AVON) A|«rtv Seaport MTRASEA (PTE) LTD 235K11 BOOKMG 23M057 Lunpu YtQ SHPPMG t TRAOMG U0644
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      703 19 TO EUROPE/UK (VIA SUEZ): C. ROZE 2SW+ K. MCE WON 13W TW BUDGE 6 N MERCATOR 23N 0. CHEF 25W HK CONTMNER 26N. K. iACEJM 10W Also accepting cargo to/from Scandinavia C. ROZE S pore Closing Times: FCL Cargo LCL Cargo 0100 30/5 1300 29/5 FROM EUROPE (VIA SUEZ) 0.
      703 words
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      Page 19 Advertisements Column 2
      276 19 MALDIVE LINES ETA ETA ETA SPORE KUANTAN PORT KELANG NAZAKAT 7/6 30/5 Loading For Muscat/Karachi/ Dubai/Dammam MALDIVE NOBLE 30/5 Loading for Dammam MALDIVE NOVEL In Port Loading for Jeddah MALDIVE UNTTY 10/6 Loading For Colombo/Karachi MALDIVE NPORTEX 30/5 Loading For Male MALDIVE PRIZE 30/5 5/6 Loading For Muscat/Dubai/ Dammam/Kuwait a
      276 words
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      Page 19 Advertisements Column 3
      549 19 SINSOV SINGAPORE SOVET SUPPING CO PRIVATE LTD SMSOV BUUNNG 55, Market Street Singapore 0104 Telephone Numbers *****3 (10 Lines) Cable Address SMSOV SMGAPORE Telex Number? RS ***** RS ***** RS ***** P KQANG M/S SHAWM T HAH SOON SON. BHD IST ANO 2NO FLOOR. NO 1. lAIAN CEMPEMNG. PORT KLANG
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      323 20 A ANTOLL LINES Dim; Bls to BRISBANf S*oNf Y. ME 18 iGHIONGI. ADHftIDI Independent FCL Container Conventional Liner Service SINGAPORE L N SHIPPING PTE LTD 1401 5 Rob*ia House Stientor Ra* Smjaoorc 0106 Tli RS ***** Tel *****11 Bk s *****43 2210f23 RfST MALAYSIA HSH. <M) Sdn Bhd KL Tel
      323 words
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      Page 20 Advertisements Column 2
      321 20 Transocean Liners (Pte) Ltd. 1005-1008 10th Floor, Robino House, Shenton Way, s,n 9 0 P<> re 0,06 Phone *****33 Telex: R*****9 Representing INTERMARITIME LTD. REGULAR SERVICE TO SOUTH AFRICA Singapore Loading for: MV "SAN PEDRO" 6/6 Durban, Voyoge 23 Cape Town Agents: H.S.H. (M) Sdn Bhd. Port KeUnt *****6 Kuala
      321 words
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      Page 20 Advertisements Column 3
      366 20 fij JOHORE Ltf 161 )Al AN TFNGI SH AN( SHIPPING NGKU BAOAR PORT Ml SNC ANGOR MAI AfSI A HAJ SHIPPING SDN. BERHAD k Express Uratbad Service from P Keiang A East Malaysia Brunei HAY ATI t. S/ll HAYATI V: 9/11 HAYATI V: 10/11 HAMDAH V: 9/11 HAMMH V: 10/11
      366 words
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      Page 20 Advertisements Column 4
      378 20 K LINE KINKAI KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAN/STRAITS/ JAPAN Fully Containerised Service lOBMYM NOMBTMM Tokyo Kobe S pore Pen** P. Ketone S pore Tokyo SU SM 94 94 SM 21/5 7/6 28/5 31/5 10/6 12/6 13/6 16/6 26/6 limliil 9#*« *****4/*****6 Hantaea ft CraritaM KL ***** Pitta* (791 Ham
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      Page 20 Advertisements Column 5
      10 20 REGULAR TUG/BARGE SERVICE TO AIA INDONESIAN PORTS FT*. LTD. T«fc
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      141 20 L£)| Regional Weather 4 v A*- L-l A V oomt SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNIHQ. LEGEND: R Thunderstorm Shower Rain Cloudy Sky °C cr* Wind direction with speed in knots Wave height Temperature Weather Bufnee winds are Indicated by arrows which fly with the wind
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  • BANKING AND FINANCE SUPPLEMENT
    • Article, Illustration
      Financial supermarket
      566 21 DURING the first decade of Its operations, the Monetary Authority of Singapore (MAS) laid the foundations for a viable financial centre in Singapore. The Eighties should see the Republic flexing its muscles and developing wings. While different people are running the show now, the long term policy laid
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      248 21 rravm it •in r. SJSM 51"iu. ®3f reSSS£SSS ggsss-m Thith is, we can finance anything on the waterfront, from cargoes to tugboats. v On Asian waterfronts—and around the world —Bank of America is involved in virtually every aspect of international trade. Today, you'll find us financing just about everything in
      248 words
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      Page 21 Advertisements Column 2
      303 21 m INCREASING MARKET SHARE Finance companies will be fighting tenaciously to increase its share in the Eighties, says Kwek Leng Beng ...Page Two SINGAPORE DOLLAR INTERNATIONAL Bankers say the Singapore dollar must be allowed to develop as an international currency Page Three MORE RISKS IN CONSTRUCTION Singapore contractors are taking
      303 words
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  • Article, Illustration
    Finance companies look ahead with optimism
    1581 22  -  -By KWEK LENG BENG Chairman of Finance Houses Association of Singapore THE Unanrial sector has cause for optimism. It at- 1 tailed a growth rate of 17 i per cent and contributed 23 < per cent to real GDP growth in 1900. With the
    1,581 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      163 22 Gold Certificates from OCBC for 100 grams and 500 grams of gold. g nnnnnn OVF.RSEA-CHINESeBANKING CORPOR A thtwkatm wMwm ofm >tiaw»Wii c/t** C« MJ* »«JL (00 GRAMS M«( CO GOLD CERTIFICATE ifef y aacoMM. Serial NtMbcr GB G (J OVERSEA-CHINESE •♦>' tbo oto* od+om ofion tbo JM »i(l' Ht (Mil
      163 words
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  • Article, Illustration
    Enhance role of the Singapore dollar
    547 23  -  Under the new MAS regime By A KIRKWOOD YOUNG Vice president of Manufacturers Hanover Trust Co IF NOTHING else, recent events remind one that the Monetary Authority of Singapore is a government agency legally subordinate to the executive branch of government through the Ministry
    547 words
  • Article, Illustration
    Promote money instruments
    559 23  -  By PHILIPPE CAVARD Manager of Banque De L'lndochine et de Suez SINGAPORE is internationally known as an offshore financial centre, in particular its Asian dollar market. Although we have seen significant developments in the areas of funding, foreign exchange and Asian dollar bond activities, efforts have yet
    559 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      51 23 Where can you find the only bank that will let you deposit and withdraw money, check your balance and order a new cheque book at 15 automatic tellers, 24 hours a day and 7 days a week? UNITED OVERSEAS BANK CHUNG KHIAW BANK LEE WAH BANK Singapore s biggest banking
      51 words
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  • Article, Illustration
    The construction industry taking big risks
    1455 24  -  By RICHARD C S KINGSLEY Managing director of Fenchurch Singapore Pte Ltd SINGAPORE contractors are assuming higher risks with the advent of the mega dollar projects. The largest single projects to be completed in the next five years will include the Marina Centre, the
    1,455 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      308 24 Now KB gives you 24-hour banking •Less than 1 minute per transaction •24 hours per day •7 days a week with the ATM at all ICB branches With our A TM (automated teller machine) you can make deposits or withdrawals, transfer funds from one account to another, check the balance
      308 words
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  • Article
    Automated clearing facilities
    1020 25  -  By ADRIAN TAN, HAN TAN, secretary of the SCHA TljE PRESENT system of cheque clearing in Singapore relies heavily on manual procedures. > I The branches of banks normally receive cheques up to about 12.00 noon for same day Glaring. They then rush the cheques to their
    1,020 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      176 25 Who knows local conditions best? Obviously a local. Someone like the fisherman. He knows the tides. The winds. The movements of the fish. He's an expert on local conditions. You'll find this same local expertise and experience in the International Bank of Singapore. Young. Aggressive. Expanding. And very tuned in
      176 words
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      Page 25 Advertisements Column 2
      169 25 r ft A Vm t w!s > r < W KM iiiiii ■•f I Mf IVff ml t VA «V. ffff•«« MM* «Ml MIMII •«««•««*< IHK >#MM I Mr MM< .•.VAV.VANV II Mil Mill ft IM« 4 t 111 < »««<*«*• MIIIMIIIM M •«*«*«•»•i iliiiiiin > lIIMIII I t BNP
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  • Article, Illustration
    GOLD EXCHANGE: CHICKEN AND EGG ISSUE
    2223 26  -  Cheaper gold brings in the crowds at Credit Suisse each time the price of gold drops, Singaporeans start a minor gold rush to banks selling minature gold bars. By GAN TJOEN HOK, ex-chairman, Gold Exchange of Singapore THE Gold Exchange of Singapore is still
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  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      137 26 Now at 10 OUB branches If you haven't the time to wait for service or are late to bank in a cheque, here's OUB Autocash to serve you instantly. With multi-banking services 24 hours a day, 7 days a week. Anyone with a current or savings account may apply, free
      137 words
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  • Article, Illustration
    DISCOUNT HOUSES ASSUME A BIGGER ROLE NOW
    1207 27  -  By TAN MONG TONG General manager of National Discount Company Limited WITH a little over eight years, the local discount market has cultivated a strong base and acquired the sophistication of a matured market. Despite the limitations, the discount houses' total assets have
    1,207 words
  • Article
    All four with paid-up capital of $5m
    206 27 THERE are four discount houses operating in Singapore. Three started operations on Nov 27, 1972, with a paid-up capital of $3 million each. They are the Discount Company of Singapore, International Discount Company and National Discount Company. A fourth, Commercial Discount Company, started
    206 words
  • Page 27 Advertisements
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  • Article, Illustration
    STILL TOO COSTLY
    893 28  -  Buying private residential property r CPF savings for L housing J The Central Provident Fund's private residential scheme allows CPF members to use up to 90 per cent of their CPF savings to purchase private residential properties for their own occupation or rental. But how many can
    893 words
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      182 28 1 _l I I k 1 KM CASH! The going can be tough especially for small and developing businesses in today's fast moving, highly competitive market plugging that endless gap between orders and payments, steering narrowly through periods of unpredictable cash-f10w... Yet, your company needs to grow. To raise additional
      182 words
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      Page 28 Advertisements Column 2
      290 28 HOW STATE STREET CONTRIBUTES TO INTERNATIONAL UNDERSTANDING. There are three qualities an American bank Our Communications Network, must have to best meet the needs of its We have developed a direct, efficient overseas correspondents: efficiency, responsive- communications system called STATELINE. ness and high quality service. Its purpose is to offer
      290 words
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  • Article, Illustration
    .. and finance companies
    873 29  - and finance companies 7 CPF savings for L housing J By GAN KHAI CHOON General manager of Hong Leong Finance IT WAS ANNOUNCED in Parliament on Nov 28, 1980, by the Minister of State for Labour that the Government had decided to allow Central Provident Fund members to use their
    873 words
  • Article
    Impact on banking...
    569 29  -  By DANIEL N C LI Vice president of Citibank THE PRIVATE residential property scheme operated by the Central Provident Fund is commendable as it offers an alternate investment opportunity and strategy. It features a built-in mechanism to prohibit speculation as only 90 per cent of savings from
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  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      139 29 If we say it'll grow,you can believe it. We know.lt's oursoil. PMI!|P s tm. >' f V The richness of our soil is reflected by the people we have. And the continuing growth of our business and industry. The Development Bank of Singapore has played a significant role in nurturing
      139 words
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  • Article
    THE MOST ACTIVE
    703 30 THE Development Bank of Singapore was the most active bank in thfc equity and bond market last year, traditionally the domain of merchant banks. The government-backed bank lead managed more than $300 million worth of share and bond issues in 1960. Of the three public issues of
    703 words
  • Article
    Non- Japanese FRCD issuers
    2106 30 With more and more primary issues, the secondary market is going to increase proportionately. Issuing banks will have to pay more and more attention to the secondary market especially in their own issues. Mr Richard Williamson, Merrill Lynch International (Aaia). HARDLY a month passes without a
    2,106 words
  • Article, Illustration
    Enterprising merchant bankers
    1638 30  -  By CATHERINE ONG, ALVIN TAY, SIOW LI SEN, LILLIAN CHEW THE SURVEY was based on a sample of 29 companies in Singapore which are listed on the Stock Exchange of Singapore. They have an aggregate gross asset bote of more than $4 billion and operate more than
    1,638 words
  • Article
    Bright brains and pleasant personalities
    537 30 A MERCHANT bank is as good as its staff. Traditionally, merchant banks have ensured that their corporate finance departments are staffed with bright people usually schooled in business administration, accountancy or law. They have to maintain a reasonable staff strength to tide over the gloomy
    537 words
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      193 30 HIRE PURCHASE ***** J|g| 81 IS lK 1 We, at Hong Leong finance Limited! 1 offer:- IP#! Tailor-made Terms We offer flexible terms to benefit you most! Minimum Lead TlmeHl|Wll|l We process your loan application fast and save you valuable »ti —»r it you 1 grj j jtl H <
      193 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      136 31 Putting fbesparij in diamondpn^. 50 >i the r >..«nti* >infl Centra) ***"1. (hud wcco*** metnb«** AfhcvMW O C °!V E**&£V, iHfc- v I&1 *><** Pnce of diamonds •Ml l. ,ro Juof m,, (lotMl V j 1 >"»>•*. *<*£x «vr T t*v»» *>:<* v T* oc The value of all grades
      136 words
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  • Article, Illustration
    POSB takes the lead, followed by DBS and the Hongkong Bank
    942 32 IF YOU have $10,000, will you place this seemingly large sum of money with one of the commercial banks here? There are 37 full licence banks offering a wide range of banking services including savings and fixed deposits. Or
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      83 32 SHARP SH4I an outstandingly Versatile Conier to meet the conyi Versatility with the widest copying applications: The SF-741. Designed with advanced microcomputer circuitry to give you greater reliability, simplified operation and improved quality copying. And ior odd paper sizes, the new manual operation allows instant copying without loss of efficiency.
      83 words
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  • Article, Illustration
    ASSESSMENTS BY DEPOSITORS
    533 33 DEPOSITORS tend to opt for convenience when choosing the financial institutions to bank their money. This was one of the finding of the Business Times* survey. Twenty-two respondents preferred this factor as their main consideration. Another 33 ranked it as the second most important factor while 21
    533 words
  • Article
    BROADER BASE
    748 33 SINGAPORE is today the home of 103 commercial banks of 24 nationalities. This year alone, six foreign banks First City National Bank of Houston, Long Term Credit Bank of Japan, Taiyo Kobe Bank, Saitama Bank, Banque de Paris et des Pays-Bas and Banque Bruxelles Lambert have upgraded their
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  • Page 33 Advertisements
    • Advertisement
      Page 33 Advertisements Column 1
      62 33 Technology andltie Banking System In Japan A 7-day study tour of leading Japanese financial Institutions and organisations providing supporting technologies for the banking and financial sectors in Japan Oetoberll —18,1981 Organised by CONSULTON Research Bureau (Singapore) In association with Technology Transfer Institute of Japan (Tokyo) Please address inquiries ta Consulton
      62 words
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      Page 33 Advertisements Column 2
      231 33 MY BANK is BETTER SiMßlßffi I ASIA COMMERCIAL BANK LTD ACBC*<JNo Asia Commercial Bank Far Eastern Bank The Hongkong and Shanghai Banking Corporation ■■■■■■■■■■■Mi INDUSTRIAL COMMERCIAL BANK -i- l n ni vv aIndustrial and Commercial Bank Overseas Chinese Banking Corporation AUTOCASH CARD SOSAII*? IT v CARD NO ***** VAUOTOEND 03/83
      231 words
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  • Article, Illustration
    Bahrain moving into the big league
    1959 34  -  Bahrain, the Arab island state perched off the coast of Saudi Arabia, has become the financial centre of the Gulf since it opened its Offshore Banking Units in 1975. TAHER D MAKKIYAH, vice president and manager of Manufacturers Hanover Trust Company's unit, says that
    1,959 words
  • Page 34 Advertisements
    • Advertisement
      Page 34 Advertisements Column 1
      296 34 "x ;J> d J&* ,-m i •vjh \al Or how to turn a howling storm of cheques into a breeze using a Honeywell item processing system. B U ankers, meet Honeywell's MICR capabilities two item processing systems designed to nandle even the heaviest flow of cheques. One is optimized for
      296 words
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  • Article, Illustration
    EDP planners lead the way
    2074 35  -  By By SOONG CHOK YEAN, Peat, Marwick, Mitchell Co BANK planning led by EDP! This was quite unheard of 20 years ago when computers were fed exclusively by punched cards. Today, with most of the innovative services being offered to customers coming from the data
    2,074 words
  • Page 35 Advertisements
    • Advertisement
      Page 35 Advertisements Column 1
      231 35 Technology andtw Banking System In Japan A 7-day study tour of leading Japanese financial institutions and organisations providing supporting technologies for the banking and financial sectors in Japan October 11-18,1981 Organised by CONSULTON Research Bureau (Singapore) massoctationwtm Technology Transfer Institute of Japan (Tokyo) Please address inquiries ta Consulton Pte Limited
      231 words
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      Page 35 Advertisements Column 2
      188 35 1 JSi- *> mi P\l '»r -A-- H w 4s*r '4> 4fM' I JSI %iVF« it SMI >' f»W(jr"s* -f- U I fc. i ™>, fi li SH i Ld« toti ,v I J B ■'<"■4l &,£Li ,L| i f 11-4 2* it* 4< Mi <? Si w <*** V
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    INTERESTING VARIETY
    790 36  -  The Singapore-based Asian dollar bond market will be 10 years old in December. It continues to attract new issuers World Bank, Banco de Chile, Comission Federal de Electricidad and Tokyu Land Corporation, all of whom made their debut this year. By TOSHIO KARIGANE President of DBS-Daiwa Securities International
    790 words
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    INVESTMENT CLIMATE LOOKS PROMISING
    1115 37  -  By P C LIM Chief manager of Management Services Division UOB Goup INVESTORS are fast becoming inured to the volatile and uncertain economic and political environment. This is in part due to the overwhelming surplus liquidity worldwide so that the demand and supply equation tended towards
    1,115 words
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      63 37 Technology andVw Banking System In Japan A 7-day study tour of leading Japanese financial Institutions and organisations providing supporting technologies for toe banking and financial sectors In Japan October 11 —18,1981 Organised by CONSULTON Research Bureau (Singapore) m association wtth Technology Transfer Institute of Japan (Tokyo) Please address inauiries ta
      63 words
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      576 37 IntheageofmkTCKnrcurtsaiideveradvancingfecdiratogy, when IBM designed their new woiri processor, th something con^detety People. started with simple. If the boss wants to change something, I can just re-type that bit and the Displaywnter does the rest. And those standard letters and I i m documents he sends out regularly, they are all*
      576 words
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    ECICS facilities
    1681 38  -  RAPID INCREASE IN BUSINESS Singapore exporters are generally reluctant to seek export credit insurance. KWAH THIAM HOCK, assistant general manager of the Export Credit Insurance Corporation of Singapore (ECICS), discusses local exporters' response to the range of services offered by the ECICS. KWAH THIAM HOCK, KWAH THIAM HOCK,
    1,681 words
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      269 38 KDOSUEZ IS BANKING ON A SPERRY UNWAC •7,' When one of the oldest established banks in Singapore, Banque de L'Indochine et de Suez (Indosuez), wanted to computerise their system, they naturally decided to talk to a Sperry Univac representative. And after careful study and listening to their needs, the computer
      269 words
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      190 38 Rank of New South will put you right sy in the picture on wjß foreign exchange. mm§qL The Bank of New South Wales deals with every major money market around the world, with a team of financial experts to give you up-to-the-minute quotations on rates worldwide. We trade on a
      190 words
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    Who is responsible for human resource development?
    1282 39  -  By HUA PAK CHEONG Director of Institute of Banking and Finance WE ARE now in the 1980s and the inescapable question before those who are responsible for human resource developments in the banking and finance sector is this: Are we ready for the
    1,282 words
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      130 39 iJrfi A, Kf. V-V *>• v„ i 2i]t ym m m MM* •"•-1 :r EX I r -•x. SMHs"*fco» is.-"* r -'J?. W: v- v <C $Vs«*-5 <■ t Vt- .v't^ ..Vi r:» yH"; *33 1 A* C v f c. taf -v £1 m :v >* •> 95 a
      130 words
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    No more discount on finance stocks
    1823 40 BANK stocks can no longer be considered cheap investments today though a year ago mo6t, if not all, were selling at bargain prices. At their present levels, banks stocks are either fairly priced or only relatively cheaper than others. Investors looking for capital appreciation
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      169 40 tk&jM mm-: wmmm PWS3 DEVELOPMENT in Singapore with the leading Dutch bank Amro Bank is the leading commercial and corporate finance problems. This gives us the flexibility investment bank in The Netherlands. And the 27th largest bank in the world, with total balance sheet assets of dfl. 91 billion (US
      169 words
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      58 40 I INTERNATIONAL INSURANCE REINSURANCE BROKERS/ CONSULTANTS LLOYD'S LONDON CORRESPONDENTS Transacting contract design and performance bonds; piling guarantees, liabilities, aviation, marine hull, cargo and P I, industrial as well as all general casualty and miscellaneous covers. Facultative and treaty reinsurances. Fenchurch Fenchurch Singapore Private Limited 3rd Floor Finlayson House Raffles Quay
      58 words