The Business Times, 16 June 1981
1981-06-16
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The Business Times
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Title Section11 1981-06-16 1 BUSINESS TIMES M.C.(P) No. 107/1/81 TUESDAY, JUNE 1«, 1581 60 CENTS11 words
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BRIEFLY...
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Article46 1981-06-16 1 PRIME Minister Lee Kuan Yew leaves for Washington today on a private and unofficial visit. He will return on Friday. During his absence, First Deputy Prime Minister Dr Goh Keng Swee will act as Prime Minister, the Government announced yesterday.46 words
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Article59 1981-06-16 1 Reuter BANGKOK, Mon. Singapore has agreed to buy 15,000 tonnes of 100 per cent second-grade white rice from Thailand on a government-to-govern-ment basis for the July/August delivery. An official of the Commerce Ministry said the deal brought the total of Thai rice bought by Singapore sinceReuter - 59 words
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Article70 1981-06-16 1 Reuter BRUSSELS, Mon. Japanese Prime Minister Suzuki promised today to restrict the flow of Japanese cars to Belgium, amid bitter criticism from the European Common Market of Japan's rising trade surplus with the EEC. Japanese sources said Mr Suzuki gave this pledge to Belgian Prime Minister MarkReuter - 70 words
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Article88 1981-06-16 1 IPOH, Mon. Communist terrorists burned three bulldozers and a land-rover, causing damages estimated at M 5500,000, to sabotage logging operations in the Kenayat forest area in upper Perak recently. The incident occurred at Block 'K' of the Syarikat Waris Perhutanan on May 31. News of the incident88 words
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Article90 1981-06-16 1 Reuter KUALA LUMPUR, Mon. Muslims in Southeast Asia and the Pacific region will support whatever action Iraq takes in connection with Israel's air attack on an Iraqi nuclear power plant on June 7. According to the regional Islamic Missionary Council, a message from council president Tunku AbdulReuter - 90 words
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Article61 1981-06-16 1 Reuter ISLAMABAD, Mon. The United States has agreed to the immediate sale of an unspecified number of F-16 fighter planes and some conventional battlefield equipment to Pakistan. Foreign Minister Agha Shahi said the aircraft and weapons are to help meet Pakistan's urgent defence needs and will beReuter - 61 words
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Article68 1981-06-16 1 UPI NEW DELHI, Mon. Prime Minister Indira Gandhi's son Rajiv has seized an overwhelming lead in parliamentary elections that could set him on the path to becoming India's next leader. With nearly a quarter of the ballots cast in Sunday's by-elections counted, the Prime Minister's son heldUPI - 68 words
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Chief Price Changes
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Article141 1981-06-16 1 Rises Indices I G Ceramics 780 55 June 12 June 15 M U 1 1970 G I HIdgs 875 T K Tans 870 40 25 20 BT Indicator: *****1.81 *****2.81 Industrials: 933.50 929.21 I C B 630 20 Finance: 1882.01 1879.36 U I C 386 18 Hotels: 1349.31 1353.14141 words
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Article, Illustration158 1981-06-16 1 Rises Indices June 12 June 15 Kesang 600 310 BT Index: *****2.58 *****5.66 Guinness 1030 80 Industrials: 1182.11 1187.37 M U Ind 2180 +60 Finance: 1877.89 1886.45 B Kawat 418 50 Hotels: 519.64 519.64 N ST 1040 50 Properties: 1214.09 1223.40 S'pore Land 1550 50 Tins: 481.72 480.46158 words
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845 1981-06-16 1 MANO SABNANI - CHEVELINA FACES UPHILL TASK By MANO SABNANI, City Editor CHEVELINA Pte Ltd, the little-known investment company which is attempting to secure majority control of SPP Ltd, is now facing an extremely steep uphill task in its endeavours. Besides the fact that the share price845 words
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Article260 1981-06-16 1 FROM July 1, trading hours at the Stock Exchange of Singapore (SES) will be shortened by an hour. Trading will be from 10am to 4pm instead of the present 9.30 am to 4.30pm. All stockbroking firms were informed of the decision after trading hours yesterday,260 words
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Article484 1981-06-16 1 CHRIS LIM - By CHRIS LIM UNITED Industrial Corporation (UIC) has ventured into the American property market with the joint purchase of a commercial building in the heart of New York's financial district. The purchase, on a 50-50 basis with Banque de Paris et des Pays-Bas (Banque484 words
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Article327 1981-06-16 1 A NEW French school will be built in Singapore to ease the shortage of schooling facilities for French expatriate children. The school, to be sited in Bukit Timah, can take in 450 pupils compared with the 192 which the existing French school, Ecole Francaise De Singapour,327 words
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261 1981-06-16 1 A NEW rwiway, rating between $54 million and Stt million, will soon be bolit at Pay» Lebar airport. It will be baUt at the far end of the airport, near Tom pines Road, and will parallel the existing ran way which261 words
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482 1981-06-16 1 LILLIAN CHEW - By LILLIAN CHEW SINGAPORE experienced a tremendous bulge in basic money supply (Ml) in April, resulting in the highest annual growth rate over the past 12 months. The latest monthly statistical bulletin released by the Monetary Authority of Singapore shows that the April money482 words
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Page 1 Advertisements
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Advertisement8 1981-06-16 1 SINGAPORE FOR PEOPLE WHO MATTER imes Periodicals Pub'ication8 words
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Advertisement38 1981-06-16 1 FRATA fWA FRATA N€WS 3 v Ki wsSSSSSf mmmmliiillls?ili FOR MORE INFORMATION PLEASE CONTACT TAN KAY HOCK SANDY CHIN MAY JUAN FRATA SHIPPING PTG. LTD. Suite 801,8 th Floor, World Trade Centre, Maritime Square. Singapore 0409 Telephone: *****0438 words
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Advertisement71 1981-06-16 1 (.|&`>\!\/[(=];\<<"|),!|*<^:+_> THAILAND facing serious economic problems 2 MILTON Friedman vs Joan Domingo Peron PROBLEMS caused by US monetarist policy SHIPPING TIMES LONG Term Credit secures fine FRCD terms PARAMOUNT alms for welldiversified conglomerate 11 LAI Kew Chai appointed Supreme Court judge 14 TV AMn RADIO CROSSWORDS I, WHERE TO WINE71 words
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Advertisement237 1981-06-16 1 DEVELOP THE READING HABIT VISIT S limes Bookshops f OrHiavl < mm iota lurtr t LUC«v»IAZ* •ST€CIA4.»STS CfOi T «l S>%GAPu«A V Oc«w>g »QK o«f<*a K«M *****? Xi^om S-w«OKJ Ct*»O»oCf*T«f «o**A KHJSt r* 2 3Mf' T MM* ;]mi an Europe and beyond? Fly via Amsterdam Why Amsterdam? Amsterdam international airport237 words
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Article824 1981-06-16 2 ARRIVALS Service Local Operator Number Time From PAA PA0U5 0010 NYC SFO HKG MAS MH601 06JU KUL MAS MH680 MB KCH C'lux CV796 0715 LUX DXB SLA SQ101 0815 KUL MAS MH811 0815 PEN MAS MH603 OKI) KUL RBA BI427 0930 BWN MAS MH671 1000 PEN KUL824 words
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REGIONAL
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457 1981-06-16 2 Reuter THAILAND faces serious economic problems this year and to overcome them, spending must be cut. This warning was made by leading businessmen and bankers at a seminar business outlook in Bangkok last week. The Thai government and the private sector must tightenReuter - 457 words
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Article348 1981-06-16 2 AFP, UPI, Reuter THE CONFERENCE on Kampuchea to be convened in New York next month by the United Nations will be the first in a series of international consultations to find a political solution to the problem. The Malaysian Foreign Minister, Tengku Ahmad Rithauddeen, said in Kuala LumpurAFP,; UPI,; Reuter - 348 words
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280 1981-06-16 2 Reuter, UPI US SECRETARY of State Alexander Haig and Chinese Foreign Minister Huang Hua held a second day of talks in Beijing yesterday focusing on bilateral issues, the most delicate being Washington's relationship with Taiwan. Chinese officials have said that US tiesReuter,; UPI - 280 words
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167 1981-06-16 2 AFP CHIEF Cabinet Secretary Kiichi Miyazawa said yesterday a US call for Japan's substantial defence buildup is "reasonable" but it must be studied "in the context of our national interests and political considerations". Mr Miyazawa said: "We know US experts are not satisfied withAFP - 167 words
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206 1981-06-16 2 UPI AUSTRALIA'S telecommunications network remained in chaos yesterday as the country entered the third week of strikes by technicians in support of wage claims. Congestion on telephone, telex and dataline network, which eased over the weekend following the technicians doing partial work, became heavyUPI - 206 words
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434 1981-06-16 2 AP THE visit of a North Korean parliamentary delegation to Japan is threatening to sour relations between Japan and South Korea at a time when relations between the two countries appear to be improving. The nine-day" visit has provoked criticism by South Korean governmentAP - 434 words
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Article346 1981-06-16 2 Reuter PRESIDENT Marcos has urged all Filipinos to go to the polls today and vote for the candidate with "a workable programme of government". Mr Marcos said he would consider amnesty for those who failed to vote in the April 7 plebiscite, if they voteReuter - 346 words
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THE REGION IN BRIEF
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Article395 1981-06-16 2 Agencies JAPANESE Prime Minister Zenko Suzuki's popularity has hit the lowest ebb since he took office last July, according to a survey in the daily Yomiuri Shimbun The survey, carried out on June 6 and 7, showed that 42 per cent of those surveyed did notAgencies - 395 words
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Page 2 Advertisements
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Advertisement194 1981-06-16 2 EAUTIFULLY FURNISHED Dlil Garden, 2-bedroomed apartservant's room with its own at over $50,000. Rental: $5,000 p.m. 63 Residential Properties For Sale A BEAUTIFUL SINGLE-STOREY galow with 3 bedrooms rrrr His WW »-\s T < f 5. rn BE D R M Eo|li|i£alsw Investing in a house or apartment? Citibank offers194 words
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Advertisement264 1981-06-16 2 Moving more than money in global resource development. V. t >* 1V IBJ. Your Resourceful Bank. A $2.2 biMon offshore oil complex in Abu Dhabi. A $1.5 billion LNG protect in Indonesia. Another vast LMC complex in Malaysia. Huge coal and uranium projects in Australia. Common to all these large-scale264 words
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TRADE AND INDUSTRY
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Article139 1981-06-16 3 WHAT does Japan have which other countries do not have? What makes the country tick when other countries are bogged down by severe unemployment and soaring prices? These questions will be explored next month by a well-known sociologist Ezra Vogel and two other speakers at139 words
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Article408 1981-06-16 3 FONG MEW LENG - By FONG MEW LENG ONE of the largest production control systems makers in the world will increase its investments in Singapore three-fold to enlarge the regional market for its product. Taylor Instrument Pte Ltd, the local subsidiary of an Australian company reputed to rank among408 words
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Article, Illustration251 1981-06-16 3 THE Singapore Turf Club will install a giant television screen at a cost of about $9 million to show instant replays and close-up action of every race during a Singapore meeting. The 5.8 metre high by 17.3 metre wide screen will be put up by Mitsubishi Electric251 words
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Article, Illustration88 1981-06-16 3 LYNNE McCall (above), administration manager of Australian legal firm Allen Allen and Hemsley, will be the guest speaker at the "Automation in the legal profession" seminar today. The seminar organised by Dataprep (S) will be held at Shangri-La hotel from 2 pm. Ms McCall is credited with88 words
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Article206 1981-06-16 3 THE National Productivity Board has published a monthly newsletter to highlight national productivity trends and events. The Singapore Productivity News forms part of the Board's efforts to promote productivity consciousness in the economy. The newsletter will focus on research findings and surveys of relevance to national productivity,206 words
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480 1981-06-16 3 SENIOR executives in Singapore show a lack of understanding of the quality control circle concept by their sole interest in tangible results. This observation was made by Mr Ichiro Miyauchi, a QC consultant engineer with the Union of Japanese Scientists and480 words
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Article466 1981-06-16 3 SEMINARS AND COURSES June 6 aryj 20: Motivational Selling Seminar, SIM Conference Room, Singapore Institute of Management June 10-17: Top Management Development Programme '81, Hyatt Regency Hotel, National Productivity Board June 12-July 6: CDP Module 5 (Computer Management), NPB Cuppage Centre, NPB June 15-17: Managing A Sales Force,466 words
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Page 3 Advertisements
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Advertisement40 1981-06-16 3 TlHi LQ Z^etsrjewM aM-sAW'* 7 0 101 tB Uod*' *>*!><[ oa* W* S 'AC'o»r *(**(s*NTATtvi fO* lAST AS*A ST/HUS.C.AJPTE LTD Unit 1003, 10th Floor. Tan Boon Liat Building, Outram Road, Singapore 0316 Tel: *****47 (3 Lines) Cable STIHLSEA Telex: RS *****40 words
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Advertisement161 1981-06-16 3 Designed in Australia with the assistance of financial controllers to suit the needs of group operations as well as the single company. Fully integrated and using the HP IMAGE database software General Ledger Asset Register Accounts Receivable Accounts Payable Payroll Financial Modelling Currently implemented by many Hewlett-Packard users Australia-wide and161 words
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RAW MATERIALS
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81 1981-06-16 4 Destination This period Shipped Afloat tonnes tonnes Jan May Shipped tonnes Africa 3.75 4.55 Australasia 5.00 65.00 Canada 10.00 26.86 Continent 1.465.642 570.00 11,332.582 India 250.00 1,068.615 Japan 2,216.00 20.00 9,236.00 West Asia 24.00 214.50 Pacific 381.2581 words
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Article136 1981-06-16 4 Reuter MALAYSIA is actively promoting the production of cocoa beans in an effort to raise farmers' incomes and increase foreign exchange earnings, the US Agriculture Department said. In a foreign agriculture circular on Malaysia's cocoa industry, the USDA forecast cocoa bean production in the 1980 81 seasonReuter - 136 words
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Article417 1981-06-16 4 HAS prices In cents per kilo yesterday Noon Close (per kilo) (pet kilo) Buyers Sellers Buyers Sellers Inl 1 RSS prompt f o b 239 50 240 SON 242'50 243 SON Int 1 R S.S July N 249 50 251 50 252 50 Int. 1 R S S417 words
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Article126 1981-06-16 4 NOON SSR and SMR price* vmuHjv RAS July Xuguat (Current Mthi (Forward Min 1 Ru> era Seller* Huvera 8*llera SSR 20 (1 ton palled ***** 218 OON 221 »*>N SSR 50 < 1 t*»n pallet 215.00 216 00N ***** 219 OON MRELB SMR CV (1 ton pallet'126 words
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Article84 1981-06-16 4 THR STRAITS tin price in Penang yesterday held steady at M 525.42 a kilo, still within the IT lower range of $27.28 to $3MI, dealers said. The steady sentiment was doe to sufficient Japanese and local baying support and sterling's strengthening against the Malaysian dollar. Continued buffer stock84 words
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Article32 1981-06-16 4 Rubber June 15 Singapore: July: 251.50 cents (up 3.50 cents) Malaysia: July: 272.50 cents (up 3.00 cents) Tin: M 529.42 per kilo (unchanged) Official offering: 177 tonnes (up 7 tonnes)32 words
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Article196 1981-06-16 4 THE Singapore rubber market yesterday closed firmer with July One RSS buyers quoted at ***** cents per kilo, up 3.50 cents from last Friday's close, dealers said The morning market gained two cents on higher London advices last Friday and some buying interest of July One RSS, they said.196 words
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Article185 1981-06-16 4 CHINESE Produce Exchange, Singapore, noon rinsing prices per kg yesterday. Coconut oil: Bulk fob $116.00 sellers, old drum (in second hand drum) fob $129 00 sellers, new drum fob $135.00 sellers. Copra: Mixed (loose) $68 00 buyers. Pepper: Muntok white pepper fob Asta NLW $407.50 sellers. Sarawak white185 words
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270 1981-06-16 4 Reuter INDONESIA should produce another high rice crop this year, though it is unlikely to exceed last year's record production, officially put at 20.2 million tonnes, informed agriculture sources said. "We are predicting production close to or even equal to last year's,Reuter - 270 words
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Article92 1981-06-16 4 Reuter THAILAND expects a bumper rice crop in the 1961/82 season, (November to July) Agriculture Minister Anat Aphapirom said. The crop will be bigger than the previous one which yielded 17.3 million tonnes of paddi, consisting 15.4 million tonnes from the main crop in 1980 and 1.9Reuter - 92 words
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Article193 1981-06-16 4 YARN and cotton prices were quoted as follows in Hongkong yesterday; (In HK dollars, spot ex-go-down) CrttM yan: China Blue Phoenix 20s 2,330; 32s 2,850, 40s 3,030 (per hale of 400 lbs). Piece gMds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lamlx unq; Flower and Butterfly193 words
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Article136 1981-06-16 4 THE Kuala Lumpur palm oil yesterday closed steady despite easing from its initial high on plantations selling in active trading, dealers said. In June, the southern region remained Mss higher after easing to $1,045 per tonne, while in August, south eased down to (1,045 but closed $12.50 above136 words
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Article716 1981-06-16 4 COFFEE: Robusta futures ended the morning steady but below the highs with gains ranging from £15 to £1 a tonne as the market showed signs of buoyancy while the ICO executive board meeting is in progress. Dealers said volume was very thin at 632 lots and largely accounted716 words
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Article332 1981-06-16 4 SINGAPORE: Yesterdays closing prices in S5 per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.34, 100 per cent second class unq, 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, Special332 words
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Page 4 Advertisements
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Advertisement230 1981-06-16 4 The contents of this little case could save you a small fortune. tfcl f¥-.. iM s r' K k I 111 £3 f JlwW When you're trying to decide just how big a central airconditioning system you need to keep your home or small business premises comfortably cool, you can230 words
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Advertisement95 1981-06-16 4 ANTWERP HONG KONG LOS ANGELES PRESIDEX JOHANNESBUF SINGAPORE STOCKHOLM SINGAPORE: 10th Floor, Wellington Building. 20 Bideford Road Singapore 0922. Tel: *****86ff Telex: ***** HONG KONG: 16th Floor. Lee Hing Building. 54-58 Des Voeux Road Central. Hong Kong. Tel: 5-*****8 Telex: ***** Internatonal inter-Dealer Marnel Indications June 16,1*1 GI A CERTIFIED95 words
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Page 5 Advertisements
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Advertisement563 1981-06-16 5 s D GUARfIWTEE CARD w?m& > 'n V 4** ;J ■cr •••'<>•• :>v GU c_> 12 3 4 5 6 7 < —> c <" C P- n n iC■ u u r~> —> r~» r Betamax 1 Now The Incredible Low-Priced Sony SL-C5 with Remote Control It's Sony's newest563 words
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Article425 1981-06-16 6 THE MOTORIST, having dug deeper and deeper into his pocket to pay for his petrol in the eight years since Opec began its periodic and punishing price increases, may feel that the current oil glut and falling crude prices should have its effect on pump425 words
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Article275 1981-06-16 6 THE BANK FOR International Settlements makes a valid point indeed. But, as is so often the case, it is far easier to mouth obvious points than it is to persuade people to accept them and translate them into effective action. Only a fool would275 words
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Article, Illustration833 1981-06-16 6 DOUGLAS GRANT MINES - The spirit of Milton Friedman and the ghost of Juan Domingo Peron are fighting over the economic future of Argentina. By DOUGLAS GRANT MINES AP THE SPIRIT of Milton Friedman and the ghost of Juan Domingo Peron are fighting over the economic future ofAP - 833 words
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Article, Illustration1123 1981-06-16 6 THOMAS HAYES - By THOMAS HAYES NYT AMERICAN exports, aided by the falling dollar in 1977 and 1978 and more aggressive sales efforts, have grown handsomely in the last three years, bolstering profits and creating new jobs. But the dollar's sharp rise this year on currency markets, alongNYT - 1,123 words
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Page 6 Miscellaneous
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Miscellaneous650 1981-06-16 6 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Grand variety of pear, this fruit! (5) 8 Of the birth of boys (5) 10 A host of expletives? (5) 11 One who dresses loudly to go to work? (3) 12 Dad's first doubles (5) 13 Like a movie queen (7) 15 Like water650 words
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Miscellaneous49 1981-06-16 6 go*ng "to Be Lfvre t odP>V m is so ftuiFou l StMPLY CPTN'TGCTTO LOOCVC ON Tif>>e fcs soon fog. urrs i'u_ srpf?r Pot MCfsD OUT PVn looking out of OF Tne V/INDCM FVJD J THC U»NDOU) l CP¥M HOU) see wou IN "Me cafg. r is... X Pososs -MestaeeT....49 words
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Miscellaneous638 1981-06-16 6 Stones, frogs and lightning^ THE LAST few mysteries Arthur Clarke explains c#oeeni stones, frogs ud toads and the ball ef lightning. Hew enn the phenemenen ef the stones that meve by themselves In Calif oraia's Death Valley he explained? When entombed In selld nek, enn frogs and toads really live638 words
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Miscellaneous163 1981-06-16 6 followed by Prog Summary and Songs For Children t.St Potluck t.tt Science Report ll.it Music While You Work ll.it News-In-Brief II.M Oldies But Goodies 11 J® The Best Of Steptoe A Son 12.M Light Music At Noon It.St Lunch Date l.St News followed by Share Market Report and Weather Forecast163 words
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Article, Illustration822 1981-06-16 7 SIMON HENDERSON; RICHARD; RICHARD JOHNS - SIMON HENDERSON and RICHARD JOHNS discuss the proliferation trend of nuclear power worldwide, in particular the Middle East. SIMON HENDERSON and RICHARD RICHARD JOHNS FT ISRAEL'S attack on Iraq's nuclear facilities is likely to force the world to reexamine the grey areas that exist in present international arrangementsFT - 822 words
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Article, Illustration167 1981-06-16 7 ANY COUNTRY with a sophisticated scientific establishment could make a nuclear bomb if It is prepared to invest the necessary money and resources and is prepared to ignore International pressure. Even without its own reactor a country with a source *f raw uranium can enrich It and167 words
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Article648 1981-06-16 7 IT IS more than 20 years since the world began seriously to worry about the possibility that the Middle East might one day become the scene of a nuclear confrontation. Since then the list of countries with nuclear experience, if not capability, has been lengthening: Israel first built648 words
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Article872 1981-06-16 7 FOBUMlfeia with FLORA LEWIS j NYT ISRAEL'S destruction of the nuclear reactor near Baghdad raises again the whole complex of issues posed by the atomic bomb. It is no coincidence that this greatest danger man has ever created for his own existence should confront us nowNYT - 872 words
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Page 7 Advertisements
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Advertisement472 1981-06-16 7 T vT r b 0 u p< A! C." Y A k f^L' n <* rrr ?f r ■>» M A A if. «t ffe r r x A<\ vP n x r «KT' J Hft A <51 4 r> fyp a r as I V *4 ?#*s f <*n472 words
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OVERSEAS
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701 1981-06-16 8 CALL FOR IMPORT CONTROLS NYT WESTERN Europe appears headed for a trade deficit with Japan which is likely to be substantially greater than last year's US$ll billion, which itself was onethird bigger than the deficit in 1979. Soaring Japanese exports to Europe haveNYT - 701 words
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389 1981-06-16 8 Reuter WESTERN industrial nations and Japan will discuss international trade, development aid and oil problems in Paris this week after forecasts that their recovery from economic recession will be slower than expected. Energy ministers of the 21 oil-consuming countries linked in the International Energy AgencyReuter - 389 words
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294 1981-06-16 8 Reuter TROOPS Is Britain have been pat sn alert to take over emergency services daring planned strikes by ambslsnm wsrkers this week. National nnlan lenders representing Britain's 17,1 M unbalance workers have called ter an official sue day strike temerrew batReuter - 294 words
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444 1981-06-16 8 Reuter A CONGRESSIONAL study criticised the US Central Intelligence Agency's projection of Soviet oil supplies as too pessimistic. In their report, released last Sunday, the specialists on Soviet energy policy took aim at a recently revised CIA estimate that the Soviet UnionReuter - 444 words
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180 1981-06-16 8 AFP BRITAIN is expected to open a financial futures market in the first half of next year in the hope that Japanese financial institutions will Join the market, a top British flimnrUl leader said yesterday. Mr John Barkshire, chairman of Mercantile House Holdings,AFP - 180 words
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858 1981-06-16 8 NYT, Reuter THE REAGAN Administration's stringent monetarist strategy aimed at curbing inflation in the United States is causing serious difficulties for other coun- tries and could lead to a disastrous breakdown of economic cooperation. This warning came in the latest annual report by the BankNYT, Reuter - 858 words
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566 1981-06-16 8 AFP THE SOCIALIST Party ran up a crushing score in the first round of the French parliamentary elections and appeared well on the way to giving President Francois Mitterrand a solid working majority in Parliament next Sunday. Ageace Fraoct-Presse (AFP) projections gave the SocialistsAFP - 566 words
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WORLD IN BRIEF
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Article386 1981-06-16 8 Agencies IRANIAN fighter planes bombed the Al-Bakr and AlOmailleh oil terminals in Iraq on Sunday and Iranian forces killed 43 Iraqi soldiers on Saturday and Sunday, the iranian military said. Nine Iranians were killed in action on Friday, a military communique said, and three Iraqi tanks were reportedlyAgencies - 386 words
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448 1981-06-16 8 AP POLISH Communist Party leader Stanislaw Kania, who survived a power struggle with hard-liners in the central committee last week, said on Sunday he was committed to a "dialogue" to solve Poland's problems and "I will remain faithful to that line till theAP - 448 words
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Article97 1981-06-16 8 UPI THE UN SecurjgjfcCouncil resumed its session yesterday after a oneday recess that gave Arab diplomats time to work on a resolution censuring Israel for its attack on Iraq's nuclear reactor. Iraqi Foreign Minister Saddoun Hammadi said he saw no reason why the US shouldUPI - 97 words
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Page 8 Advertisements
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Advertisement181 1981-06-16 8 The first major pictorial record SMK ID M mm) i The Haji, the great Muslim pilgrimage to Mecca, has never before been photographed in such magnificent colour and with such feeling. Now for the first time, Mohamed Amin, one of the world's great photographers and himself a Muslim, has been181 words
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Advertisement20 1981-06-16 8 .>[@,(*<^('?=__?,@.\;\|^<?&![@$ Jilani Jut* And TaxW* Mills Matey* Barhad FURNITURE I H Touch of Class LUXURY INTERIORS PTE. LTD. 321, Plaza Sngapura20 words
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BANKING AND FINANCE
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Article247 1981-06-16 9 MORGAN GUARANTY, the fifth largest US bank, has announced major structural changes following the decision by Mr Alexander Vagliand, head of the bank's international division, to resign in July. Mr Vagliano, 54, has headed Morgan's international division since 1976 and is one of the best known247 words
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Article198 1981-06-16 9 AUSTRALIA'S official reserve assets rose As 96 million to $5.86 billion in May after rising $609 million to 5.76 billion in April, the Reserve Bank said. In May 1980 reserves rose $46 million to $5.27 billion. Excluding valuation effects, there was a rise of $181 million in reserves198 words
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Article78 1981-06-16 9 Reuter THE MINISTRY *f Finance in Taiwan has approved an application by the Bankers Trust Co of New York to set up a branch in Taipeh. Between 1178 and 1181 the bank provided mare than US$299 million In outstanding loans to local enterprises. Bankers Trust setReuter - 78 words
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Article67 1981-06-16 9 THE US government's share of funds raised in the US credit markets in 1981 will increase to 54 per cent, from 50 per cent in 1960 and 23 per cent in 1975, according to the Office of Management and Budget Assistance estimates. Financial markets' scepticism of the government's67 words
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Article68 1981-06-16 9 THE Development and Commercial Bank (D and C) Bhd raised its Malaysian deposit rates on Monday. One month was raised to 9.25 per cent (I), three months to II per cent (9.59), six and nine months to 9.7S per cent (9~59) respectively and 12 months to 19.25 per cent68 words
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Article, Illustration98 1981-06-16 9 AMERICAN Express has introduced a new facility at the card division's premises to provide advice to its card members on their travel needs. A card member travel advisory service is located on the 12th floor reception area of the card division's office at Malayan Credit House98 words
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Article538 1981-06-16 9 Reuter. STERLING is likely to remain vulnerable in the short term due to the technical and fundamental pressures which coincided to provoke its sharp decline in the week beginning June 1. However, technical factors tend to be transitory, so sterling should rebound on fundamental grounds above US$2Reuter. - 538 words
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324 1981-06-16 9 SALES of Visa travellers dwqies worldwide more thu doubled In the first quarter of this year campared with the same period last year while sales In the Asia-Paclflc region gained 286 per rent. Visa travellers cheqaes sales worldwide totalled US$65? million la the324 words
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Article395 1981-06-16 9 LILLIAN CHEW - By LILLIAN CHEW LONG Term Credit Bank has secured the finest terms for a floating rate of certificate of deposit by a Japanese issuer since 1979 in its latest offering. Although the spread of 3/16 per cent above the Singapore Interbank Offered Rate (Sibor) is not uncommon,395 words
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Article271 1981-06-16 9 MEXICO'S Camlsiou Federal de Electricidad, CFE, the country's next public sector borrower in the Euromarket, will be seeking loan bids for US$4OO million to $500 million. The terms are expected to be similar to those on the recent $300 million loan for the industrial development unit Banca271 words
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Article129 1981-06-16 9 A SYNDICATE of 33 Japanese securities houses and banks is expected to accept a fresh proposal by the Finance Ministry early this week, calling for a rise in yields of 10year national bonds for June issue to 7.967 per cent from the present 7.868 per cent by lowering129 words
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Article165 1981-06-16 9 SEVERAL more Venezuelan state agencies are expected to raise short-term credits in the near future, while Congress considers the government's US$B.B billion refinancing bill, banking sources said. The bill's amount is likely to be raised substantially to take account of additional short term borrowing this year put at165 words
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Article174 1981-06-16 9 THE JAPANESE Finance Ministry yesterday introduced a bond trading loss reserve system under which each of the major Japanese securities houses will have to set aside 10 per cent of its pre-tax profits from bond trading in each business year as an internal bond trading loss reserve. The174 words
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MONEY AND EXCHANGE$
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Article422 1981-06-16 9 SELLERS dominated trading yesterday in the foreign exchange market, ending the day with the US dollar traded lower against other major currencies. The US dollar opened at 2.3850/60 and selling brought it to a close of 2.9650/60. The US dollar opened high against the yen at 223.50 and422 words
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Article143 1981-06-16 9 THE dollar for overnight delivery yesterday closed sharply weaker at 221.75 yen, compared with a 222.80 opening here, 222.80/223.00 close in New York and a 225.60 close here on Friday, dealers said. Trading volume was an active heavy US$l.54 billion. The dollar weakened briefly to a one-month low 221.50143 words
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Article23 1981-06-16 9 THE average rate at which major Singa* pore banks are currently prepared to lend to their best customers is 13.3 per cent.23 words
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Article181 1981-06-16 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on June 15. 7 days 1 month 2 months 3 months S months 9 months 12 months US Dollar*(SpoO Offer Bid 18% 18'4 19 18% 17* 17% 17% 17 16 9/18 18 7/18 161/16 1515/16 15% 15^« 1 month 3181 words
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Article49 1981-06-16 9 RANGE of prices offered by discount houses on June 15: Overnight: lit to 6' t r 'r Call deposits: 9% to VM Cloiiag Buying Selling 3-month Treasury bills 6*-« 6''« 3-month Bank bills 13H 13Mr 3 months CD 1213/*****1/16 6 months CD 121/16 1115/16 Source: National Discount Co49 words
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Article239 1981-06-16 9 SINGAPORE gold futures yesterday closed generally firmer compared with last Friday's closing levels in quiet trading, dealers said. Market sentiment was supported by expectation of further easing in US interest rates, following news on Friday of a larger-than-ex-pected decline in the weekly US money supply figures, they said. Total239 words
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Article41 1981-06-16 9 Sat Fri New York 10 46B 10 33B 10.66S 10 53S Zurich 10 40B 10 25B ***** 10.4SS Mm Sat Singapore 10.SOB 10 32B 10.70S 1052S Closing prices in US dollars a troy ounc t. Source: Credit Suisse, S'pore.41 words
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Article128 1981-06-16 9 THE dollar fell against most major currencies in quiet late trading, dealers said. The dollar was depressed by market expectation of a further decline in US interest rates, following news on Friday of a surprice drop in US money supply figures, they said. Sterling firmed to a late 1.9790/9005128 words
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Article64 1981-06-16 9 THE dollar yesterday opened lower against all leading currencies after Friday's sharp fall in US money supply figures, dealers said. Opening quotes yesterday US 1 9760/70 Can 2.3820 40 Cross 1.2029 32 D Mk 4.6770 6825 D F1 5 2050 2120 S Fr 4.0815 85 B Fr (con) 76.3764 words
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Page 9 Advertisements
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Advertisement162 1981-06-16 9 our tenants are our best advestKement L/ gfiThe quality of our international tenants speaks for itself. Thev chose THE OCTAGON as a result of- Its strategic comer location close to Shenton Way and Raffles Place. Its prominent visual identity. The highest standard of management and other essential services and amenities.162 words
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INTERNATIONAL STOCKS
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Article323 1981-06-16 10 NYT THE SUPERVISORY board of Krupp Stahl, arreting to demands of Iranian stockholder representatives, has approved what management considered a watered-down version of a rescue plan for the ailing steelmaker. The management, hardhit by the European recession, had proposed a restructuring plan that workers' representatives, who holdNYT - 323 words
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Article128 1981-06-16 10 REGIE National? Dfs sines Renault's worldwide vehicle production fell 9.2 per cent In the first quarter of this year compared with the same 1984 period to 514,18«. Vehicle sales outside France fell 14.8 per cent to 243,575. Results In the first 1984 half were good but128 words
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Article129 1981-06-16 10 AFP MATSUSHITA Electric Industrial Co will establish a joint company in West Germany with Robert Bosch GMBH to produce video tape recorders for home use. The Nihon Keizai Shimbun daily said the two partners would set up the projected joint firm by the end of thisAFP - 129 words
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Article109 1981-06-16 10 TDK Electronics expects net earnings to rise 15 per cent in the year ending Nov 30 from 21 billion yen last year on sales up 20 per cent from 215 billion. Executive vice president Katsuro Kamiya said this forecast may have to be increased, noting that109 words
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Article112 1981-06-16 10 AB VOLVO achieved group profit after financial income and expenditures of 280 million crowns in first quarter of this year, down from 385 million previously. Group sales dipped slightly to 5.76 billion crowns (5.92 billion), with earnings per share at 6.60 crowns (9.10). Profit to sales ratio112 words
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Article35 1981-06-16 10 AFP THE SWISS company CibaGeigy is laying off half its workers (460 jobs) in its British chemical products factory at Manchester, Lancashire. The factory has been running at a loss for 18 months. AFP.AFP - 35 words
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Article211 1981-06-16 10 THE COMMITTEE of the Sydney Stock Exchange will consider suspending trading if bans now affecting the national telecommunications network begin to cause a serious deterioration to local services. v Chairman F H Mullens said a closure of the market was considered last Friday when telephone, telex211 words
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Article147 1981-06-16 10 ICI Australia's earnings plunged 36 per cent from A 529.5 million to Asl9 million in the six months to March 31, 1980, as a result of higher costs and the effects of the prolonged drought which has struck most of eastern rural Australia. The result follow147 words
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Page 10 Advertisements
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Advertisement771 1981-06-16 10 See Page 11 for Aeian stock* The American Express Card serves you well, wherever good food is served iii:l t 111 W illi: and entertain lubertug (Srill I For lunch. For dinner. For a richly; rewarding experience. Businessmen's Lunch Monday to f nday $19 50 10% service charge '1 cess771 words
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Advertisement229 1981-06-16 10 X ft fe The Dragon Palace Restaurant is where you can dine in regal splendour and dance to the mellow sounds of yesteryear Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy twosome 1 Ox ley Rise'Penang Road Singapore 0923 Tel *****11 <20229 words
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COMPANY NEWS I
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164 1981-06-16 11 FABER Merlin is moving Into the hotel business in Australia with the leasing of a first-class International hotel in Perth. The company disclosed over the weekend that it has agreed in principle to lease the five star deluxe hotel mm Withemsea, the developer and164 words
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344 1981-06-16 11 WITH further expansion of its garments manufacturing facilities in the pipeline and its recent diversification into properties, Dragon and Phoenix (D and P) is confident that the group will chart a steady growth over the next five years. Chairman Raja Tan Sri Zainal bin344 words
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Article, Illustration676 1981-06-16 11 THE CITY STAFF - By THE CITY STAFF MALAYAN Cement appears to be a little pessimistic about prospects for the cement industry in Singapore, despite the reported construction boom in the island republic. The over-supply situation there is unlikely to change in the foreseeable future, and could get676 words
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Article206 1981-06-16 11 A MALAYSIAN company, Grand Ocean Development Berhad, and a Malaysian, Mr Chew Kar Kee, have together acquired a 44.96 per cent stake in Textile Corporation of Malaya. The vendors are Unitika, Mitsui and Company, Frank Tsao and Company, Tan Sri Frank Wen-King Tsao (chairman of Textile206 words
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Article364 1981-06-16 11 THE ACQUISITION by Universal Cable (M) of Hotel Irama and the subsequent development of land belonging to the hotel are expected to boost group earnings in the near future. Hotel Irama owns a 151,834 sq ft piece of land in Johore for which approval has been364 words
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Article172 1981-06-16 13 UNSUCCESSFUL applicants for Singapore Finance shares should receive their refunds by this afternoon or early tomorrow Morgan Grenfell, which managed the public issue of Singapore Finance shares, despatched the rejected application forms last night. As the merchant bank had promised earlier, the prompt clearance of forms172 words
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Article263 1981-06-16 13 BUKIT Sembawang, which is primarily dependent on development income, turned in consolidated pre-tax profits of $4.28 million for the year ended March 1981, compared with the previous year's $8.14 million. The marked decline in earnings was probably due to the general lack of development activity263 words
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Article370 1981-06-16 13 DUTCH Baby Milk Industries (Malaya) is confident that it will sail through the difficult years ahead despite rising costs and likely shortages in raw materials. Chairman Tan Sri Kamarul Ariffin cautioned in his latest review to shareholders that the days of cheap dairy products are over. He370 words
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775 1981-06-16 13 THE CITY STAFF - By THE CITY STAFF PARAMOUNT Corporation, currently calling in $38.3 million via a one-for-four rights issue and a special issue to bumiputras, appears to be on the threshold of a long-term programme aimed at creating a welldiversified conglomerate. While Paramount's plan has not been revealed,775 words
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254 1981-06-16 13 KEEP.an eye out for Bedford Plantations Bhd. There are signs that this little noticed company which operates a rubber and palm oil plantation in Malaysia may be gearing itself for a more active time ahead. Bedford's directors have just announced a two-for-one bonus issue and254 words
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352 1981-06-16 13 INCHCAPE Bhd has informed its remaining loan stock holders that the final period for converting their loan stock into ordinary Inchcape shares is between July 1-31. The conversion rate has been fixed at $4,550 loan stock for every 2,400 Inchcape shares. With Inchcape's share352 words
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Article152 1981-06-16 13 FABER Merlin Malaysia Bhd has informed the KSLE that Burmah Kompleks Sdn Bhd, which it acquired recently, was incorporated on June 14, 1972. The directors of Burmah Kompleks are Chua Kung Siew (1.09 million shares), Chua Poey Siew (125,000 shares), Teh Choon Bok and Osman Madar. Faber was152 words
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Article537 1981-06-16 13 GANDA Holdings Bhd has announced details of the directors and the shareholding structures of its four recently-acquired companies Tin Siang Sdn Bhd, Harta Empat Sdn Bhd, Marikh Construction Sdn Bhd and Sinpang Sdn Bhd. Tin Siang has five shareholders each owning 500.000 shares. Two of them,537 words
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Article210 1981-06-16 13 MALAYSIA Mining Corporation (MMC) is incorporating a company in Japan to undertake direct marketing of tin metal in the Japanese market. Although there is no confirmation from the company, a report from Tokyo says that applications to set up the venture was submitted to Japanese210 words
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Article763 1981-06-16 13 mm™ by HOCK LOCK SIEW IN these days of high share prices, bargain stocks are hard to come by, particularly those with sound fundamentals and favourable prospects for growth. There is some truth in this oft-heard complaint, considering that the Straits Times Industrial Index, SES and OCBCby HOCK LOCK SIEW - 763 words
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Article817 1981-06-16 11 Carreat Ex Books Date Total for Total for Paymeat Date (lose PayaMe the year Previoas year A P 1 39; te Jun 10 Jun 22 Jul 13 3'fTE Arm* iy;(b) Jun 23 Jun 30 Jul 9 VSfi 14.5';<a) Alcorn 5 r r Jun 11 Jun 23 Jul 15817 words
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Article367 1981-06-16 11 Company Particulars Ex Date Books Close AJCMD API Brntotd Cbem Ind Gl HMga G Lamber Hytex Unt Tla M Gltw Mai** Oriental Hldgs Paa Electric Pegl MaU Public Bank PibUc Textile Sin Heag Chan V H S <M) Proposed rights issue of 2 for 1 (a. $1.70 per367 words
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ASIAN STOCKS
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Article569 1981-06-16 11 TOKYO THE Tokyo stock market average rose 62.29 in fairly active trading to close at a record 7,711.73, dealers said. Trading volume was 550 million shares with buying interest stimulated by a sharp yen's recovery against the US dollar, revived foreign purchases and the gradual downturn of569 words
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Article264 1981-06-16 11 YESTERDAY'S trading was marked by profit-taking after Friday's record breaking performance. Blue chips were hardest hit while some second liners made nice gains. Trading in International City Holdings began yesterday, opening at $1.70 trad- ing as low as $1.63 and back to 51.70 by the close. HK Bank was264 words
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Article274 1981-06-16 11 CANNING Basin oil stocks featured in a generally stronger market but poor telecommunications continued to affect trading, brokers said. Woodside, with a 53 per cent stake in Vamgas, finished 15 cents higher at $2.30. WMC added 20 cents to $5.70. Telecommunication problems continued to hamper inter-exchange telephone, telex and274 words
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Article77 1981-06-16 11 STOCK prices yesterday closed mixed in inactive trading and turnover remained low, dealers said. JUNE is BahU Aata Fibre 190 unch AnjUiay* In* And Tru«l Bangkok Bank Bank Of Ayudhaya 1 Ltd 156 -1 Bcrtl Jucker Charoong Thai Wirt IM Flr»t Tnut 87.50 -1 Industrial finance CORP International Coamtuci77 words
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Article31 1981-06-16 11 H.K.HANG SENG Monday 1752.35 Friday 1780.55 Week Ago 1697 50 AUSTRALIAN INDUSTRIALS Monday 745.4 Friday 745.5 Week Ago closed ALL ORDINARIES Monday 710.6 Friday 706 1 Week Ago closed31 words
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Page 11 Advertisements
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Advertisement161 1981-06-16 11 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due June 16 ,1982 of A The Mitsubishi Bank, Limited. D B S. Building. 6 Shenton Way Singapore 0106. We hereby certify that the rate of interest payable on the above-mentioned certificates of deposit for the interest161 words
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Advertisement78 1981-06-16 11 ABACUS MOVES! ABACUS CORPORATION PTE LTD NO.lO, WAN SHIH ROAD JURONG INDUSTRIAL ESTATE SINGAPORE 2262 TELEX: RS ***** A/B 'ABACUS' CABLE: ABACUSTRAD TEL: *****66 (3 LINES) 81 in i m Sm v rv; '7 0 ABACUS. DEZURIK, EQUIMPEX, FASANI,GABION HAWLE, HYDROMATIC, KINNEY,KITAMURA, A MILWAUKEE, MINGORI,MONITOR, MUESCO A BAKER. NAYLOR, NYLEX.78 words
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1994 1981-06-16 12 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified SECTION ONE INDUSTRIAL COMMERCIAL Aetna (4.448) (1)1,994 words
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Article205 1981-06-16 12 SINGAPORE I NIT TRl'ST DIAMOND MOT STORE (NiMpn' prices r*T J SB It) (Maaagers' J* 4 tor Jaa *> The Commerce 3 88 4 06xd Diamond S pore Fd US$100 The Savings Fund 2 23 2.34 s»2140 S pore Prog Fund 1.71 1.80 S pore Sec Fund 261205 words
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Article2821 1981-06-16 12 1981 High Low Company Gr'» Gr'« Net Last Div Div Y'ld P/E Vol Day Sale or- C'vr (*000) High Low SECTION ONE INDUSTRIAL A COMMERCIAL 450 334 312 420 200 470 950 665H 430 320 Acma Alcom 130 Allied Choc 161 BAT 330 Bata 110 Ben 3602,821 words
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Article2163 1981-06-16 12 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. IMHBTRIALB AJeam 13 MS) (8) 380 (4) 382 (1) 3.86 (2 32,163 words
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Article99 1981-06-16 12 DATUM. Keramat Holdings Berhad: AGM to be held at Birch House, 73 Jalan Datuk Keramat, Penang on June 18 at 10.30 am. ISLAND Peninsular Development Bertuul: AGM to be held at 1st Floor, Ban Hin Lee Bank Chambers, Beach Street, Penang on June 20 at noon. KUCHAI Development99 words
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Article, Illustration736 1981-06-16 12 THE LOCAL stock market «M Kke a motionless Mt with selective trading causing some ripples occasional ly. Bat late In the afteraaan, the serenity was disturbed by a small wave t( selling. The morning opened steady with selective Issues commanding good support while736 words
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626 1981-06-16 12 THE KUALA Lumpur stock market continued to draw good support to push share prices generally higher yesterday. Conditions were steadier on the whole with selected blue chips posting good gains. These in turn propelled the market indicator, the New Straits Times Industrial Ordinary626 words
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Page 13 Advertisements
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Advertisement168 1981-06-16 13 (3 Somebody called us busybodies the other day, and he isn't wrong. Our interest are so wide-ranging they II fill pages They range from ships to fertilisers, cars to chocolates, tractors to computer systems. In short, our interests are multinational and multifaceted. With a history and tradition of entrepreneurship behind168 words
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Advertisement34 1981-06-16 13 This announcement appears as a matter of record only. June 1981 SHELL REFINING COMPANY (FOM) BERHAD M 516,000,000 TERM LOAN FACILITY US$B,OOO,OOO EURODOLLAR FACILITY (MULTICURRENCY OPTION) ARRANGED AND PROVIDED BY BANK BUMIPUTRA MALAYSIA BERHAD34 words
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176 1981-06-16 14 UPI IRANIAN leader Ayatollah Ruhollah Khomeiny told President Abolhassan Bani-Sadr yesterday that "it is still not too late" to repent for his wrongdoings. Teheran Radio repeated warnings by the prosecutor-general that Mr Bani-Sadr's supporters would be challenged by the feared Hezbollahi (God's Party) militants.UPI - 176 words
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Article98 1981-06-16 14 Reuter THE DOLLAR fell on world foreign exchange markets yesterday against all major currencies including the recently-batter-ed French franc as expectations grew that high US interest rates may soon ease. The dollar dropped to 2.3620 West German deutschemarks in Europe, more than three pfennigsReuter - 98 words
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Article870 1981-06-16 14 LONDON, Mon. Equity leaders and UK government bonds were higher in active trading today with hopes of declining US interest rates as a major factor in favour of the market. At 3pm, the Financial Times index was up 9.6 points at 545.4. Equity leaders showed gains of between870 words
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Article87 1981-06-16 14 AP NEW YORK, Mon. Expectations of declining interest rates touched off a sharp rally in the stock market today. The Dow Jones average of 30 industrials jumped 10.27 point to 1,016.55 in the first half hour. New York's Chemical Bank lowered its prime lending rateAP - 87 words
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310 1981-06-16 14 AFP MALAYSIAN Deputy Prime Minister DrMahathir Mohamad yesterday reassured foreign investors that changes in the country's leadership would not lead to a dramatic switch in its economic policies. "The changes should not upset private sector calculations and their prospects for investments and profits in Malaysia," heAFP - 310 words
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230 1981-06-16 14 Reuter THE CHINESE Communist Party yesterday convened a high-level meeting which is expected to lead to the removal of Mao Zedong's chosen successor Hua Guofeng from the chairmanship. A senior Chinese official said the meeting of the central committee had started but there wasReuter - 230 words
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Article120 1981-06-16 14 AFP THE INDONESIAN government, and not just its Foreign Ministry, wants to move the Indonesian embassy to a more suitable location as its present site in Orchard Road is considered unfitting. The plan to move the embassy has been decided on after lengthy consultations between the ForeignAFP - 120 words
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Article110 1981-06-16 14 GENTING BM yesterday reimM for a temporary saspeastoa sf tradlsg in Its stores m the SES mad KLSE The reqsest foUsws a qsery frwn the KLSE mi a Jue 11 Bmtimem Timet repsrt which said the grasp was eisse to flaaUsiag a S3* mllllea purchase si B110 words
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Article, Illustration153 1981-06-16 14 LAI KEW Chat will be appointed a Judge of the Supreme Court from next month, the Prime Minister's Office announced yesterday. Mr Lai, M, was born in Malaysia and became a Singapore citizen in September 11TI after residing here since 19C2. He had his secondary153 words
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538 1981-06-16 14 WANG LOOK KEAH - By WANG LOOK KEAH FUTURE price increases of Housing and Development Board flats will be much lower than the latest 38 per cent increase. This was the assurance given by the Minister for National Development, Mr Teh Cheang Wan, in Parliament yesterday538 words
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Article380 1981-06-16 14 THE GOVERNMENT is considering lengthening the repayment period for HDB loans to enable more Singaporeans to buy their flats using Central Provident Fund savings. This was revealed by the Minister of State for Labour, Dr Wong Kwei Cheong, in his answer to a question380 words
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Page 14 Advertisements
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Advertisement76 1981-06-16 14 See pages S and 8 U S's Importers and Wholesalers located in the States of California, Oregon, Washington and New York with population of 26,000,000 are looking for suppliers of the following products: (1) Handbags and Luggages (2) Precious Jewelry (Gold, Silver, Diamond) (3) Semi-Precious Stone (4) Gift Wares (5)76 words
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Advertisement757 1981-06-16 14 A top-level conference on URBAN PLANNING DEVELOPMENT IN THE 80's Kuala Lumpur. West Malaysia KL HILTON HOTEL AUGUST 20 21. 1981 This Conference is for YOU Planners Architects Developers Bankers Government Officials Structural Engineers M E Service Engineers Property Managers Project Managers Valuers Surveyors Sociologists Consultants TODAY, the pace of757 words
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Page 14 Miscellaneous
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Miscellaneous59 1981-06-16 14 Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally fair. Report for 24 hours prior to 7.31 pm on Jane 15 at the airport. Maximum temperature 33.6 Associated humidity 53 Minimum temperature 24.8 Associated humidity 96 Hours of sunshine 7.95 Rainfall in millimetres Trace Total rainfall for the59 words
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SHIPPING TIMES
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309 1981-06-16 15 THE Philippines Finance Minister Cesar Virata said the government will soon < liberalise its regulation on i the registration of foreign vessels in the Philippines, particularly on specialised ships. In a speech before the Filipino Association of Mariners' Employment (Fame) at the Manila Hilton,309 words
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510 1981-06-16 15 JUNE LIM - By JUNE LIM THE Far Eastern Freight Conference (FEFC) is increasing its carrier haulage zone transport charges following the freight forwarders' decision to raise their rates in Singapore. The conference announced that it will increase its transport charges from $165 to $195 for a510 words
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PORTSIDES
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Article71 1981-06-16 15 Reuter PAKISTAN has formed a national tanker company with an authorised capital of 100 million rupees to transport crude oil and petroleum products, the company announced. The new company, formed by state-run National Shipping Corp and state-petroleum Refinery and Petrochemical Corp, will start operation by chartering tankersReuter - 71 words
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Article76 1981-06-16 15 Reuter THE Far Eastern Freight Conference (FEFC),the Sabah, Brunei and Sarawak Freight Conference and the Far East/Gulf of Aden and Red Sea Ports Conference said they will re-introduce a 15 per cent congestion surcharge on cargo loaded for Aqaba, effective June 26. They will also raise theReuter - 76 words
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Article43 1981-06-16 15 AFP THE Malaysian government had no plans to revive the free port status for Penang. Deputy Finance Minister Datuk Mak Hon Kam said that efforts would be made to develop further the free trade zone on the island. AFPAFP - 43 words
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Article111 1981-06-16 15 AFP AN INDONESIAN ship with 25 passengers and seven crew members was reported to be drifting helplessly somewhere in the Pacific Ocean north of Irian Jay a (formerly west New Guinea) with engine failure. The ship's plight was reported by two crew members who were picked upAFP - 111 words
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Article706 1981-06-16 15 Shipping Uk Pmge CM Shipping Line P«t C*l Achipelego vn I Evergreen IV 3 Adriatic VI 5 Fesco vn 4 5 Afea VI 3 Flotta Lauro V 5 Afro-Eurasia VI 2 Fortune VI 5 A1 Navigation VI 2 Franco-Be lg m 4/5 All trans VI 5 Frata706 words
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Article300 1981-06-16 16 THE Polish Ocean Lines (POL) container ship Josef Chelmonski arrived at Sheerness recently to offload 30 containers of Tasmanian apples, the first time a shipment of apples has been carried by POL to Europe in containers. This is part of of an experiment by POL300 words
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Article868 1981-06-16 16 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping Gdn Mode of Name No. Time of Lines Operatn Arrival Date Time Nordstar 4B 15.6.81 0100 Neptune TA 4 VC Bunga Dahlia 23B/24A 15.6.81 0630 Ned-EAC TA 4 TT Songkhla 709 15.6.81 Ned-EAC868 words
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Article1597 1981-06-16 16 NORTH AMERICAN grain chartering was featured on Friday by the booking of tonnage for six quarterly cargoes of heavy grain each of 50,000/52,000 long tons, from the US Gulf to Japan commencing Jan Mch, at US$26 fio, a decline of 50 cents. A soyabean meal cargo was covered1,597 words
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Article267 1981-06-16 17 DET norske Veritas has issued revised Rules for Classification of Mobile Offshore Units. The new edition supersedes the 1975 edition with supplement of 1977. The major changes from the previous edition are: More severe requirements to strengthen steel structures. Residual strength is required to allow267 words
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Article, Illustration253 1981-06-16 17 A MOBILE «(fgl)«re drilling rig was commissioned at the Bethlehem shipyard of Singapore last weekend by Houston Offshore International. The rig, Sabine IV, is the fourth of foor similar rigs whleh Houston Offshore has ordered from Bethlehem. The first three JU-2MMCs were delivered by Bethlehem yards at253 words
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Article282 1981-06-16 17 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alioth (1700 after Tutong sails Kaenary hauls) 23/24 Centaur (Passenger) (0600) 47 Kota Pelangi (0700 after Kota Sabas) 10/11 Kwang Chow (1200) 29/30 Kaenary (1500 hauls 37m west after King Bird sails) 25 Linden (0500) 33/34 Luisa Leonhardt (after Linden) 33/34 Merdeka282 words
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Article, Illustration730 1981-06-16 17 SIBU lies at the centre of Sarawak's huge river transport system, so it is only natural that it has grown into one of Malaysia's shipbuilding centres and is even starting to mount a challenge to the shipbuilders of Singapore. Sibu's first shipyard went into730 words
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1922 1981-06-16 21 SCHEDULE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are published at a maximum of three weeks. PN1,922 words
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Article298 1981-06-16 22 INTERNATIONAL mining exhibition and congress June 11-17. Dusseldorf. West Germany. Marine electronics June 17, Society of Electronic and Radio Technicians seminar, at Institute of Marine Engineers, 76 Mark Lane, London EC3. Oil Pollution at Sea June 22-24, international seminar. Computational Mechanics Centre, Southampton. Charter-party Disputes (Dry Cargo) June298 words
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497 1981-06-16 22 EVERYBODY in West German shipping circles is talking about it, but nobody is as yet ready to divulge any singificant details about its progress: the Ship of the Future. The Ship of the Future project involves 27 owners, yards, lines and497 words
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Page 15 Advertisements
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Advertisement520 1981-06-16 15 PIL GROUP REGULAR CONTAINER FEEDER SERVICE TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE FOR THE PERSIAN GULF AND RED SEA PORTS See Page V n J ARDIM AN I AH HSEALOIIDIS Orient Overseas Co*iltu*teA Line FULLY CONTAMERISED SERVICE TO EUROPE (VIA SUEZ) Calling Bremerha»en jtt»t Hamburg 'Closing limes520 words
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Advertisement58 1981-06-16 15 CONTAINER Schedules U SHIPS in Port ffl SHIPPING List Vn REGIONAL Weather VTO SHIPPING Events HI Jul 18 Jul 22 Jul 25 Jul 29 Aug 1 Aug 5 Jul 20 Jul 26 Jul 27 Aug 2 Aug 3 Aug 9 stomer Service/Booking *****22 Terminal *****53/*****37 wivm Jun 19 Jun 2158 words
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Advertisement573 1981-06-16 15 *0 FESCO LINES Tr W FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA, USA CANADA. Agent: Singapore Soviet Shipping Co Pte Ltd TEL: *****3 MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS Feeder Vmhl ZZZBfIH 23-23/6 28-29/6 5-6/7 12-13/7 19-19/7573 words
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Page 16 Advertisements
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Advertisement863 1981-06-16 16 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371 KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Mm Acceptmg For: 1) Barcelona. Genoa. 2) Amsterdam. Antwerp I Havre. Bilbao. Basle UK. 3) Bremen. Bremer ha »en Aartius. Copenhagen Heistnhi 41863 words
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Advertisement291 1981-06-16 16 Are you making full use of the Shipping Times as an r effective selling medium? For further enquiries call: Shipping Times Tel: *****44, Extension 351 pr 367 Tel: *****2 Ext. 38 or 39 Times Centre Financial Publications Sdn Bhd I, New Industrial Road Singapore 1953. 31, Jalon Riong, KL 22-03291 words
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Page 17 Advertisements
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Advertisement867 1981-06-16 17 News so big we can hardly contain ourselves. nflH Just when you thought IHmß' the Port of Oakland would be ugi|9 content having more container Krafts 1 capacity than any other Pacific 1 Coast port, we leap ahead with a multi-million dollar expansion g39R%\ that will increase the Port's capacity867 words
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Advertisement451 1981-06-16 17 NOTICE FAR EASTERN FREIGHT CONFERENCE INDONESIAN NATIONAL LINES < The Conference announce that the Associate membership of the Indonesian National Lines (P.T Djakarta Lloyd, P.T. Samudera Indonesia, P.T. Trikora Lloyd and P.T. Gesuri Lloyd) has lapsed with effect from Ist May, 1981. fIB Franco Belgian Services Serxict with hir F.iistt451 words
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Page 18 Advertisements
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Advertisement802 1981-06-16 18 TO NORTH n*Ott kwrtoor Bar 19/6 21/8 10/7 12/7 13/7 1 Sydntt Eiprtu 23/6 U/7 Hmkong Eivtu 28 6 30/6 20/7 22/7 23/7 I U-—-■ f 4/7 6/7 27/7 29/7 30/7 iZTTLru 12/7 14/7 3/8 5/8 6/8 MmhßaT I I«' 7 7/8 9/8 10/8 I "Aho accepting transhipment carfo (or802 words
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Advertisement408 1981-06-16 18 c n an IJ^mU Algerian National Line STORE MLANG LOAOMG FOR +BECHAR (1978) 20/22 Jun 23/25 Jin ToM»/Pt. St. L«M/ViM«eia/ Mftr BOUOA (1971) Safcd ht Port Tim/Pt. St. Louj/Vatanba/ Afcor EAST BOUND HCTTEMW«H AND jPjj SERVICE BBKRA (1971) SjW laeanm Ports KSAR CHELLALA 4/5 M Japan*# Ports ALL VESSELS ACCEPTING408 words
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Advertisement590 1981-06-16 18 ©EVERGREEN LINE f FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CARGO FOR: UNITED KINGDOM SOUTHAMPTON, LONDON. MANCHESTER, BIRMINGHAM. BRISTOL. LIVERPOOL, GLASGOW, LEEDS ETC. WEST GERMANY BREMERHAVEN, OSLO. STOCKHOLM, GOTHENBURG, AARHUS, COPENHAGEN HOLLAND immm Vp»t Miah Hm*wt Frtntwn ftrttartaai Mm* La Hwrt itm l«ft 27/1 J/7 H/7 22/7 24/7 21/7590 words
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Advertisement762 1981-06-16 18 Everett Lines! MMk Burma Five Star Shipping Corpn. JDk "BURMESE NATIONAL LINE" LOADING FOR RANGOON Lllfcn to Rotlvßam IMwwp SpOT PX<tan{ f"«| N W n/H tm PR6AN 24/ it tm T lAJSOP" Zi/11 tm PMRSMNECTAtmi* »/30 In BFSSC Ag«nt» m Molayvo BOUSTE AD SHIPPING TELNOS KL *****2/*****9 ijLi# Campania Argentina762 words
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Advertisement421 1981-06-16 18 mo.s.E. OCEAN SHIPPING ENTERPRISES PTC LTD. SANKYO LINE JAPAN/STRAITS SERVICE GENERAL MINTS COKTMO BOOKMG OCEAN SMPPMG STORE TU ******4/7 ML*-* CONTMB P. KIANG TU (347. 0973/4 SUB AGENTS P KELANG EAST ASM SMPPMG TU 0» 9732/3/7251 PENANG MALATSM TRADE ft TRANSPORT TU (7093 ft (3725 OCEiM SMPPMG t ENTERPRISES PTE421 words
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Page 19 Advertisements
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Advertisement825 1981-06-16 19 PIL GROUP FULL CONTAINER SERVICE TO COLOMSO, HODEIDAH, JEDDAH AQABA VESSEL VOY. S PORE *KOTA SAHABAT /W/8E 19-20/6 KOTASAHABAT 9W/10E 23-24/7 KOTA SAHABAT 11W/12E 26-27/8 24 25/6 29-30/7 1-2/9 Accepting LCL Cargo to Colombo Aqaba. *FCL Closing 17/7 2300 Hrs. S.E.A. Container Feeder Service SINGAPORE/RANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCI/REEFER CONTAINERS/ VESSEL NEP825 words
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Advertisement1159 1981-06-16 19 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE 10 LUROPL Spcte P Austin Antwerp Kowtoon Bit 19/4 U/7 11/7 HongKont (rpress 74/4 20/7 22 7 23/7 HatoNog Eipress 4/7 4/7 77/7 N/7 31/7 lotiio Eiprni 12/7 14/7 VI l/« IMi Bit 117 H 10/1 Alemaraa 1 iprm 20/7 9/4 11/41,159 words
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Advertisement916 1981-06-16 19 Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE TO MED/UK/NC/SCAN tootnote Imxv Ono* I Wish Sport 3>Hb.r|t)Gtwt B DMK SM B ttNAOA IS <> B MX* ?b t PtNAGA 3 7 B DMH 10 7 6 PtNAuA 1/ 7 6 It 24 I 6 PINA&A il 7 8 MHI* 1 8916 words
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Advertisement467 1981-06-16 19 BOUSTEAD SHIPPING AGENCIES SANK LINE FOR REUNION S AFRICA A VESSEL Also occepting FCL containers Spore mid-July (loading direct for Reunion, Durban ond Capetown only) Lykes/o Lines US WEST COAST SERVICE •or I* VBC LESLIE LYKES 13/6 9/6 17/7 19/7 12/8 16/8 ASHLEY LYKES 18/7 14/7 25 8 27. 8467 words
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Page 20 Advertisements
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Advertisement766 1981-06-16 20 IkBH *A K LINE KAWASAKI KISEN KAISHA. I l l) EXPRESS CONTAINER SERVICES TO NORTH AMERICA Eirttr ntdp irort alu uaiaWc on request C»tot\ jtes xccptjUc to Oakland. Vancouver Portland. Houston Gahnton. Ne« Orleans Boston St ton. PNbMpiu. Nortok Batttnote Satarauh Jacksonl* TO EUROPE Spore P Ketang lHa«re R dam766 words
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Advertisement709 1981-06-16 20 ana CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE load** tor LOS ANGELES SAN FRANCISCO SEATTLE TACOMA VANCOUVER BC Acceptng FCI/FCI ContMMfS P Mai* Singapore L Angeles VRHVA PARAS" 10 1 tl A<y AUSTRALIA EXPRESS CONTAINER SERVICE Acceplng FCE/FCI Contamerj OMR AM) TgHVA IARANC NEW ZEALAND SERVICE HMO* tminON. KLIKIOM AUCKIU®709 words
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Advertisement778 1981-06-16 20 S S A(iroup SINGAPORE SHIPPING AGENCIES PTE. LTD 20TH FLOOR. OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LINES! GENERAL *****1 H< LINES! TERMINAL OFFICE *****83 TELEX RS ***** RS 2SS6B A/B CARSHIP CABLE CARGOSHIP CMP Container Lines WEEKLY CONTAINER SERVICE to/from BANGKOK ■m SINGAPORE ISLANDS LINE MIDDLE EAST REGULAR LINER778 words
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Advertisement645 1981-06-16 20 KORINS MARITIME SERVICES Room 601. ICB Building, Shenton Way. Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES Hyundae Shipping Co. Ltd. ASIA MERCHANT MARINE GOLDEN LINE CUAN WAN SHIPPING (PTE) LTD Ibm| Tm| Pmnid la* Mfef M C«d StrrK SMCAPORE 0104 t*fc ****** (10 IMS) i#645 words
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Advertisement734 1981-06-16 20 INTRASEA (PTE) LTD. Faber House. 234E Orchard Roafl Singapore 9 Telephone *****1H*****57 FULL CONTAINER WEST BOUND SERVICE FULL CONTAINER EAST BOUND SERVICE ETD KARACHI ETD BOMBAY ETA SPORE A ENDEAVOUR 1U 5 M 12 M A MIGHT 16 M 18 M 25 W Agents: Seaport MTRASEA (PTE) LTD *****11 BOOKWG734 words
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Page 21 Advertisements
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Advertisement755 1981-06-16 21 t TO EUROPE/UK (VIA SUEZ): K JACEHN 10W C. CONTAINER 12W. N GARNET 6#.. C. PAUL 27N K. CHANCE 4W Also accepting cargo to/trom Scandinavia 0 CHIEF S pore Closing Times: FCL Cargo 1400 19/6 LCL Cargo 0200 19/6 FROM EUROPE (VIA SUEZ) TO AND FROM AUSTRALIA: JAKARTA SINGAPORE.. PENANG755 words
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Advertisement397 1981-06-16 21 MALDIVE LINES ETA KUANTAN ETA rORT KELANG NA2AKAT 25/6 Loading For Dubai only MALDIVE NOBLE Sa.lec Loading for Karachi/Muscat/ Dubai/Dammam MALDIVE PLEDGE 18/6 Loading for teddah MALDIVE NATION 30/6 Loading For Lagos MALDIVE ITCHIER In Po Loading For Male MALDIVE PRIZE 22/6 Loading For Dubai/Dammam/ Kuwait MALDIVE PIONEER 28/6 Loading397 words
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Advertisement611 1981-06-16 21 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SJNSOV BUILDING 55. Market Street Sinjapore 0104 Telephone Numbers *****3 (10 lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** f KEIANG PENANG M/S SHARK AT WAH SOON SON BHD IST AND 2ND FLOOR MM TWBiNIIWt ?3 WeM NO611 words
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Page 22 Advertisements
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Advertisement384 1981-06-16 22 A ANTOLL LINES Owect B Ls to BRISBANE SYDNEY Mflß tGEELONG* AO€lAlOf Independent FCI Container Conventional Liner Service Safaland SoDrott SoTTula Sataland SoDrott Port VII Vl3 JfUL JUL. Singapore Safcd June 26 My 8 My 23 Aut 2 Port Ketanf h Pt/Sb 16th June 2t My 10 My 25 Aut384 words
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Advertisement189 1981-06-16 22 STransocean Liners (Pte) Ltd. 1005-1008 10th Floor, Robmo House, Shenton Woy, Singapore 0106. Phone: *****33 Tele*: R*****9 Representing INTERMARITIME LTD. REGULAR SERVICE TO SOUTH AFRICA Singapore P.KELANG Loading for: MV "SAN PEDRO" 10/8 16/8 Durban, Voyage 25 Cape Town Agents: H.S.H. (M) Sdn Bhd. Port Kebnt 3*66%. *****6 Kuala Lumpur189 words
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Advertisement327 1981-06-16 22 ft JOHORE SHIPPING LY 161. lAIAN TFNGI SEI AN( HAY ATI V: 9/81 HAYATI V: 10/11 HA YAH V: 11/81 HAMDAH V: 10/81 HAMDAH V: 11/81 HAMDAH V: 12/81 HAMDAH V: 13/81 TfNGKU BAQAR PORT KHANG SE I ANGOR MAI AVSIfI HAJ SHIPPING SDN. BERHAD I Express Umttodfl Service from327 words
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Advertisement331 1981-06-16 22 pa LORENZO OVERSEAS LINES, INC., PHILIPPINES CT« HD lOWK fOi «r fHnr/Ci>i«*»/ Ma 24/( 27/8 H»«il»/B»t»a|»«/ Tabic o i" tuSnr- iK"" 1 IK!) Generol Agents MAftITR/UX MANAGEMENT t TRADMG PTE. LTD 45-A, Boot Quoy. S<ngopo»e, 0104 Tel *****6 Tele* RS ***** MTRADf Penono Tel *****0 KL Tel ***** PAN OCEAN331 words
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Advertisement282 1981-06-16 22 8L WOOD LINE Bulk Timber and Plywood Service UK/CONTINENT SERVICE VtQfl PKciinc Tr Mm LiiAh tv Mown RMNO m 004 21/6 2/7 24/ C MMTFS/ROM, ESBHtG s*vnt r* m 005 25/6 10/7 30/6 mt/rom/uk M.OOC 20/7 30/7 25/7 MMfTES/HW UK SOUTH AFRICA SERVICE Spare PKeiafx lo*dnc tar SA 001 1/7282 words
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Page 22 Miscellaneous
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Miscellaneous160 1981-06-16 22 I Regional Weather u K s i K i > !i! At ss I) to 0/ C 1C SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c d mn Wind direction with speed in knots Wave height LEGEND: R Thunderstorm Temperature °C shower Weather Wind direction with speed160 words
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