The Business Times, 17 June 1981
1981-06-17
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The Business Times
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Title Section10 1981-06-17 1 BUSINESS TIMES M.C.(P) No. 107/1/81 WEDNESDAY, JUNE 17,1981 60 CENTS10 words
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BRIEFLY...
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Article73 1981-06-17 1 AP TEL AVIV, Tues. The chief of Israeli military intelligence denied today that Israel had received US data leading up to its attack on the Iraqi nuclear reactor last week. Major General Yehoshua Saguy said Israel was on the alert for three possible forms ofAP - 73 words
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Article57 1981-06-17 1 AP GENEVA, Tues. For the first time since fighting broke out last September, Iraq and Iran today exchanged badly wounded prisoners of war. The exchange, organised by the Red Cross, took place at Larnaca Airport in Cyprus. Twentyfive wounded prisoners were returned to Iran and 17 woundedAP - 57 words
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Article65 1981-06-17 1 AP VIENNA, Tues. Austrian Chancellor Bruno Kreisky and President Rudolf Kirchschlaeger were admitted to hospital yesterday after developing medical problems. Mr Kreisky, 70, was reported out of "acute danger" after treatment for blood congestion in his lung caused by a sudden rise in blood pressure. President Kirchschlaeger,AP - 65 words
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Article86 1981-06-17 1 Reuter BEIRUT, Tues. The Palestine Liberation Organisation (PLO) said that its observer status at the United Nations gave it the right to the same status at the World Bank, which intends to exclude the PLO from its annual meeting. Monetary sources in Washington yesterday said the bankReuter - 86 words
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Article73 1981-06-17 1 Reuter SYDNEY, Tues. The Australian subsidiary of the Japanese Power Reactor and Nuclear Fuel Corp (PNC) said indications of a uranium find in Western Australia are the most encouraging so far in its worldwide exploration programme. The government-owned company said logging has located radiometric anomalies at a depthReuter - 73 words
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Article70 1981-06-17 1 Reuter NEW DELHI, Tues. India expressed concern at the United States' decision to supply F-16 fighter planes and other military equipment to Pakistan and said it could undermine serious efforts to normalise relations between New Delhi and Islamabad. An official spokesman said the US-Pakistan agreement, announced inReuter - 70 words
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Article61 1981-06-17 1 Reuter JAKARTA, Tues. Indonesia will have a surplus of two million tonnes of coal in 1992 when its production is expected to reach 10 million tonnes, while domestic needs would stand at around 7.8 million tonnes. This production figure would be achieved as part of a phasedReuter - 61 words
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Chief Price Changes
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Article137 1981-06-17 1 Rises Indices Hong Leong Ind 1820 60 June 15 June 16 H Leong Fin Metal Box Spore M U I 1170 488 2020 60 58 50 BT Indicator: *****2.81 *****1.60 Industrials: 929.21 934.68 Taaek Cement 930 40 Finance: 1879.36 1891.72 I C B 670 40 Hotels: 1353.14 1351.91 M«i«n137 words
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Article, Illustration137 1981-06-17 1 Rises Indices Raleigh €00 Bedford 2100 Temerloh 380 Timuran 790 S'pore Land 1600 East Asiatic 456 SBS 430 N ST 1070 Falls Gopeng Con 3100 Tasek 950 Paramount 900 Pac Dev 1400 B Kawat 454 100 100 80 55 50 48 40 30 -100 -50 -30 -30 -24137 words
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Article627 1981-06-17 1 FONG MEW LENG - PRODUCTIVITY RISES BY 34pc By FONG MEW LENG THE OUTPUT of the electronics industry grew by 34 per cent to more than $5.5 billion last year, Minister of State for Education Dr Tay Eng Soon said yesterday. And as an indication of still greater output in627 words
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548 1981-06-17 1 THE Inchcape Berhad group, after its last property project some six years ago, is now back on the property scene with a host of projects, mainly to meet the needs of its many trading companies. The last big project that the group undertook was548 words
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Article441 1981-06-17 1 KOH TSE YING - By KOH TSE YING LOCAL biscuit and flour milling group, Khong Guan Organisation, will make its first thrust into China by sending about 12 million worth of biscuit-making equipment. If will also send a 10 to 20-man team of technicians and managers to help run441 words
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Article378 1981-06-17 1 THE salary scales offered by the National University of Singapore to teaching staff are not comparable to those provided by colleges and universities in Australia and New Zealand. But if benefits such as sabbatical leave are taken into consideration, the NUS may be able to attract378 words
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273 1981-06-17 1 THE ciaiimer price Index (CPI) la May rose by 1.2 per cent over that In April lttl, and by 8 per cent over that la the corresponding month a year ago. Higher M prices contributed largely to May's CPI Increase. The food273 words
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481 1981-06-17 1 WANG LOOK KEAH - By WANG LOOK KEAH THE Ministry of Environment is planning the construction of a $150 million refuse incineration plant in Tuas, Jurong, to cope with the fast increasing volume of refuse. The ministry started a feasibility study five months ago and expects to complete it481 words
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Page 1 Advertisements
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Advertisement16 1981-06-17 1 The Singapore's Straits Times DIRECTORY Of Fingertips Singapore (Buku Merah) Business World at your atyi Lr16 words
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Advertisement76 1981-06-17 1 HARUN will not attend Umno assembly COMMON Market shows lack of nnlty 8 TENTH Asean Banking ConncU meeting. SHIPPING TIMES GOLD Coin's long-term prospects bright.............................. IS JOH AN Holdings outlines ambitions p1an5................................ IS INDONESIA plans to bay op to 19 USs4b in gold 1C TV anti RADIO 8. CROSSWORDS 8,76 words
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Advertisement126 1981-06-17 1 limes Penockcafe PuC*ca«or Leader...page 8 MODERN MANAGEMENT READINGS drucber management i drucker_ managing for results #idrucker the practice of mana^tnent MANAfiEM&TAND MOTIVATION the effective executiw THEN.4.WiERIALWONAN ill m petfrc SANDERSON naitvmi {"JonMieß if wws«.£ ite am&» FINANCIAL PUNNING FDR MANAGERS It t Pa'w nll FINANCE AM) ACCOUNTS FOR MANAGERS De-nood126 words
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Page 2 Advertisements
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Advertisement443 1981-06-17 2 As rising fuel prices inevitably reached boardroom level and the frustrations of city driving finally could be felt in even the back seats of chauffeured limousines, the motoring public came to its senses and BMW came into its own. People who had previously chosen their cars purely on the basis443 words
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TRADE AND INDUSTRY
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Article323 1981-06-17 3 A MAJOR American equipment manufacturer, Deere and Company, has opened a parts distribution and training centre in Singapore. The multi-million dollar depot, called John Deere Industrial Pte Ltd, is located in Woodlands and will supply spare parts of machinery sold by the company's marketing323 words
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Article, Illustration359 1981-06-17 3 BERNADETTE CHOOI - By BERNADETTE CHOOI THE Imac-Asia and ConpexAsia '81 exhibitions, which opened yesterday, have satisfied at least one of the 260 exhibitors. On Monday, Kobe International disclosed that it has sold all its exhibits worth about $1 million. The exhibits are the newest range of construction machinery359 words
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Article, Illustration95 1981-06-17 3 ABN Singapore has appointed Mr P A Francis to manager of the banking department. Mr Francis, 48, who has been with the bank for more than 30 years, replaces Mr J M Matzer who is leaving on transfer at the end of this month. Metalock (Singapore) has95 words
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Article129 1981-06-17 3 A LEADING manufacturer of products ranging from precision parts for the transport, construction and manufacturing industries to aerospace and nuclear components is setting up an office in Singapore next month. This was disclosed yesterday by the chairman and chief executive officer of Federal-Mogul, Mr Thomas* Russell, during his129 words
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Article52 1981-06-17 3 F J BENJAMIN and Sons will be the first fashion store in South-east Asia to use the OCR Wand Reader for inventory control. With the device, cashiers will not have to key data into cash registers. Instead, the reader is used as a scanner to record data from52 words
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Article, Illustration343 1981-06-17 3 SHERATON International Reservation and Marketing office in Singapore has commissioned a new mini-com-puter link (above) with the corporation's "Reservation m" system in Boston. The system allows operators access to current rates, availability of rooms by category and general information for all 418 Sheraton hotels worldwide. Rooms sales can343 words
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Page 3 Advertisements
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Advertisement114 1981-06-17 3 ROCFLOOR Resin flooring many times stronger than concrete covers new or old floors chemical resistant strong and durable fast to install. Batika Singapore Pie Ltd tel: *****44 Richard Ellis worldwide CH Williams (Pt©) Ltd Warehouse/ Factory Office TO LET Brand new 6-storey Warehouse/Factory/Office block in prominent corner location off Jurong114 words
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Advertisement660 1981-06-17 3 ►vYy v£V> Diamond Singapore Fund The capital gainst top grade diamonds are now within your reach Diamonds are one of the most durable and desirable of precious gems and can be yours through your participation in the DIAMOND SINGAPORE FUND. Asia's firstever diamond trust fund. The steady price increases over660 words
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RAW MATERIALS
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383 1981-06-17 4 Reuter THE US government has asked EEC countries to adopt a low profile at the outset of present talks for a Sixth International Tin Agreement in Geneva. This was to allow Washington to seek further concessions from producers, EEC diplomatic sources in BrusselsReuter - 383 words
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Article400 1981-06-17 4 RAS prices In cents per kilo yesterday Noon (per kilo) Buyers Sellers Int 1 R.S.S. prompt f.o.b. 243 50 244 50N Int 1 R.S.S. July 253 50 254 00 Int 1 R.S.S. August 258 50 259 00 Int 2 R.S.S 230 00 231 OON UK Conl 229 00400 words
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Article130 1981-06-17 4 NOON SSR and SMR pnce* ye»terd*y RAS July Aufuat (Current Mth) (Forward Mtk) Buyers Seller* Buyer* Silleri SSR 20 (l-tc m pallet) 219 00 221 OON 221.00 223 OON SSR SO Ilk >n pallet) 216.SO 218 50N ***** 220 SON MRELB SMR CV (lb >n pallet) 304130 words
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Article78 1981-06-17 4 THE STRAITS tin price in Penang yesterday fell three cents to M 529.39 a kilo, still within the ITA lower range of $27.28 to $3MI, dealers said. Easier overnight London advices, higher offerings of metal and reduced haying from Japan and locally contributed to fall, but this was78 words
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Article34 1981-06-17 4 Rubber: June 16 Singapore: July: 254.00 cents (up 2.50 cents) Malaysia: July: 274.50 cents (up 2.00 cents) Tin: M 529.39 per kilo (down 3 cents) Official offering: 250 tonnes (up 73 tonnes)34 words
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Article236 1981-06-17 4 THE Singapore market yesterday closed firmer with July One RSS buyers quoted at 254 00 cents per kilo, up 2.50 cents from Monday's close, dealers said. The morning market firmed one cent on a general reserve of sellers and some covering interest, they said. Prices touched a high of236 words
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Article181 1981-06-17 4 CHINESE Pradnee Exchange, Singapore, naan closing prices per 1M kg yesterday. ('«TMit oU: 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. Sarawak181 words
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Article208 1981-06-17 4 SOYBEAN futures in Chicago on Monday ended mixed, up (our cents a bushel to down 1 1 2 cents in revived trade. Late chart selling in response to the market's inability to penetrate the July and November resistance levels of |7.44 and $7.75, repectively, dropped prices to day's lows.208 words
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Article173 1981-06-17 4 WHEAT futures in Chicago on Monday closed on the bottom of a seven-cent range, unchanged to up two cents a bushel in revived trade. Late commercial hedge pressure, along with a lack of follow-through buying interest, accounted for pared gains, traders said. They said reports of good US winter173 words
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Article195 1981-06-17 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) (ottoa yarn: China Blue Phoenix 20s 2.340; 32s 2,860. 40s 3,040 (per bale of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly195 words
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Article341 1981-06-17 4 SINGAPORE: Yesterday's closing prices in S$ 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 80,341 words
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Article155 1981-06-17 4 IN THE Kuala Lumpur market yesterday, prices were easier in line with Kuala Lumpur Commodity Exchange levels, dealers said, adding that sellers emerged for nearby positions. Trading was fairly active with June in the south still Mslo above Monday at $1,155 a tonne. The southern region eased $40155 words
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Article666 1981-06-17 4 COFFEE: Commission house selling sent robusta futures spiralling downwards to end the morning at new contract lows with losses of up to £51 a tonne. Spot July traded down to a low of £780 while Sep sank to £797. Most other months were hovering above the £800 level666 words
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Article267 1981-06-17 4 Reuter THE Secretary General of the United Nations Committee on Trade and Development (Unctad) has called for a new political drive from both rich and poor countries to stabilise world commodity prices. Progress towards setting up an integrated programme of international commodity pacts, agreed at the Unctad fourReuter - 267 words
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Page 4 Advertisements
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Advertisement263 1981-06-17 4 This might remedy your immediate photocopier headaches... •>.® v:H y.* t.- 4-< w w V J Cat J f V> N J hut our cure is permanent r f CTSEZI .v.',' r- If your present copier is giving you continual headaches, why not try the Oce cure? The new Oce263 words
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Page 5 Advertisements
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Advertisement261 1981-06-17 5 m /.«f*" "i i/iv? v A J I w v>- Jr r/ *-J-S\. yf ESt>v. I A W n 2 A. £>S fc>T> rV s J*»m fcl i A %V> -4 r v w» ■ST H V. v :*4? vi f it v \N V -A\^N > i r- -V261 words
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REGIONAL
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277 1981-06-17 6 Reuter CHINA has notified Japan that it will continue to pay cash for its imports of machinery and equipment for the two petrochemical complexes it plans to build in Nanking and Daquing, withdrawing its previous request for deferred payment facility from Japan.Reuter - 277 words
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482 1981-06-17 6 AFP FORMER Se la rigor Mentri Besar Datuk Harun Idris will not attend the June 26 Umno general assembly even if he is permitted to do so. His son Mazlan Harun said in Kuala Lumpur yesterday: "My father is aware that his presence atAFP - 482 words
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299 1981-06-17 6 AP JAPANESE Prime Minister Zenko Suzuki and leaders of the European Economic Community (EEC) have expressed willingness to undertake joint aid projects for developing nations. Mr Suzuki also received a report from EEC commission president Gaston Thorn and other commissioners on Europe's grave economicAP - 299 words
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251 1981-06-17 6 Reuter INDIAN Prime Minister Indira Gandhi has won a test of popularity for her 18-month-old government by winning five out of seven parliamentary by-elections, including a victory for her son, Rajiv Gandhi. Mr Gandhi, who gave up his Job as an airline pilot toReuter - 251 words
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169 1981-06-17 6 Reuter PAKISTAN and the US have agreed on a package of economic aid and military sales credits worth about US$3 billion over five years from fiscal 1983. A joint statement issued after talks between US Under-Secretary of State for Security Assistance James BuckleyReuter - 169 words
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191 1981-06-17 6 NYT SONY, the Japanese electrical and electronics group, may soon decide to start making its Betamax videotape recording (VTR) sets in Europe or the US, but it has no definite plans to build a factory in the eastern US as reported in Japan. Sony'sNYT - 191 words
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217 1981-06-17 6 AP PRESIDENT Reagan told six senators on Monday he has not decided whether Taiwan should be restricted in the number of non-rubber shoes it can export to the US. The senators asked Mr Reagan to endorse the International Trade Commission's April 9 recommendations thatAP - 217 words
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Article73 1981-06-17 6 AFP ELECTIONS in the Philippines were marred early yesterday by complaints from presidential challenger Alejo Santos of cheating in the polls, warning that he would "not conceed to President Marcos if this cheating is substantiated". Mr Santos, a former guerilla general running under the banner of the NationalistaAFP - 73 words
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THE REGION IN BRIEF
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Article379 1981-06-17 6 Agencies JAPANESE car makers expressed dissatisfaction over the promise made by Prime Minister Zenko Suzuki that Japanese car exports to Belgium will be restricted. The pledge was made when Mr Suzuki met Belgian Prime Minister Mark Eyskens in Brussels. A car industry spokesman said it is extremelyAgencies - 379 words
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Page 6 Advertisements
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Advertisement241 1981-06-17 6 Heartiest Congratulations arid Best Wishes to SHANGRI-LA HONG KONG 4, Ching Yee Road, Kowloon, Hong Kong Tel: 3-*****11 Telex: SHALA ***** HX On the occasion of your Official Opening 17 June 1981 From: SHANGRI-LA SINGAPORE 22 Orange Grove Road, Singapore 1025 Republic of Singapore Qshangri-La wtwfr Mc n wonderful Td:241 words
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Advertisement201 1981-06-17 6 FINANCIAL CONTROLLER (Up to $70,000 pa) Our client, an established and expanding group of companies with extensive trading outlets and interests in the automotive, heavy and light industrial equipment, security/communication and heavy engineering fabrication fields is seeking a suitably qualified person for the above position. The appointee will report to201 words
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Article754 1981-06-17 7 ARRIVALS Service Local Operator Number Time From PAA PA005 0010 NYC SFO HKG MAS MH601 0630 KUL MAS MH680 0645 KCH SLA SQI01 0815 KUL MAS MH811 0815 PEN MAS MH603 0830 KUL RBA BI421 0930 BWN MAS MH671 1000 PEN KUL SIA SQ20I 1000 HLP CPA754 words
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OVERSEAS
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312 1981-06-17 7 AFP THE TEN countries of the European Economic Community (EEC) have failed to reach agreement on a common position to oppose high US interest rates. But French Finance Minister Jacques Delors said "there is a good chance the EEC will soon speak withAFP - 312 words
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WORLD IN BRIEF
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Article322 1981-06-17 7 Agencies THE BRITISH National Oil Corporation (BNOC) has reduced the price of North Sea oil by U554.25 a barrel from June 1 instead of the $2 announced last week. The new price will be $35 a barrel. BNOC sells about two-thirds of the oil extracted from theAgencies - 322 words
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307 1981-06-17 7 AP EFFORTS to reach a new long-term agreement to supply the Soviet Union with American grain has been given "very high priority" by the Reagan Administration but no deadline has been set, a senior Agriculture Department official said on Monday. "We'll pursueAP - 307 words
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140 1981-06-17 7 Reuter CANADIAN Prime Minister Pierre Trudeau has urged the Soviet Union not to use force to resolve the crisis in Poland, and said he was worried about the effect of US economic policy on other countries. He said it was essential for theReuter - 140 words
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224 1981-06-17 7 AFP NON-ALIGNED members of the UN Security Council on Monday prepared a draft resolution urging all countries to withhold from Israel military, technical and economic aid in reprisal for its bombing of an Iraqi nuclear reactor on June 7. The French representativeAFP - 224 words
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Article366 1981-06-17 7 AFP ENERGY ministers of the leading industrial nations agreed that the world oil market situation remains "fragile" despite the apparent glut of crude oil and easing prices. This point was strongly made in a communique issued on Monday after a daylong meeting of ministers ofAFP - 366 words
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Article310 1981-06-17 7 NYT LECH WALESA, the leader of Solidarity, Poland's 10-mlllion-member free trade union, will visit the US next month, authoritative sources revealed on Monday. The timing of Mr Walesa's tour is significant. It comes on the eve of a communist party congress which must dealNYT - 310 words
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Page 7 Advertisements
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Advertisement95 1981-06-17 7 Dine in old world charm HI!" t f I SA, 11 v J t i 'f For a quiet and intimate dinner, come to The Stables grillroom. Where the atmosphere's warm and private and the service unobtrusive. With etchings and prints of famous British horses against a backdrop of natural95 words
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Advertisement191 1981-06-17 7 VJ > JPyK < v -m iti'n. .mam t Pp r >$>( 'J sw* Once upon a time there was a small international airline, with a small fleet of aircraft, flying to a small number of destinations. But what it lacked in size it made up for in service. So191 words
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Article524 1981-06-17 8 IN THE ordinary course of events it would be very surprising if any organisation lost a quarter of its staff in a period of five months. But the first five months of this year were by no means ordinary as far as the Monetary Authority of524 words
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Article195 1981-06-17 8 LITTLE wonder that we should need a second garbage burning plant so soon after the first plant was commissioned. As a country gets richer, its garbage bins get fuller. Affluence breeds effluence, so to speak. And so it must be. The consumer society, as it195 words
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Article, Illustration866 1981-06-17 8 BARRY MOODY - The Anzus council meeting, to be held next Monday and Tuesday, will review both global issues, especially US-Soviet relations and the strategic balance, and areas of major concern to this region. By BARRY MOODY Reuter THE UNITED STATES, Australia and New Zealand will meet next week forReuter - 866 words
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950 1981-06-17 8 ROGER COHEN - The Japanese, in their talks on car exports, have dealt a severe blow to the Commission's aim of negotiating an EEC-level accord on Japanese car exports. The European Common Market, reports ROGER COHEN, is now left stranded in its role as coordinater of EECReuter - 950 words
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Page 8 Miscellaneous
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Miscellaneous600 1981-06-17 8 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Utter harsh words at the scene of the fire (5) 6 Not left one's proper entitlement (5) 9 Leave others to run things? (4, 3) 10 Mountin' snake? (5) II Mostly one round cake (5) 12 Decimal fraction (5) 13 Chip bar? (7) 15600 words
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Miscellaneous40 1981-06-17 8 Bristol JtagfcDicte&s ow yepsH shying hlwchgd VD Be OtfG CF II P*- ,£.V€RY MUSCLE. »jLu NONSGJ*Se'Tuev Mp*ve fHe.-nrr>e cy Twe»g lncs ooui_D*4'T rnitJD CMPvHG»N& f\i¥XS. THeyfteßu down in %C. GPfcP*GG VjJWO SPn[> RMN/Tmf»(V PvBOJT "TUgf* 6€JNG OUT ON TV*e CDPOP40 words
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Miscellaneous759 1981-06-17 8 iimiRW The mysterious red planet; Mars? Where Uttle Martlaas with averslaed heads dwell? 8* we Imaglacd, »ace, an til the Americaa spaee programme shattered that Uttle hit sf Waston. H0rix*a: Tie Red Pbmet (ehaaael 5, lt.lt) expires Man, the mystortoas red plaaet la ear salar system. It traces America's attempts759 words
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Article941 1981-06-17 9 INTERNATIONAL BANKING FACILITIES IN U.S. FT THE NEWS that the US Federal Reserve has finally given the go-ahead for New York-based international banking facilities (IBFs) is regarded by some international bankers as one of the most significant developments in the Eurocurrency markets since they began to developFT - 941 words
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Article776 1981-06-17 9 KAREN ARENSON - By KAREN ARENSON BANKS will not seem much different. They will < be able to transact the new business from their old headquarters, using the same offices and the same personnel, at least for a while. But the new business represents an enormous opportunity. Banks776 words
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Article763 1981-06-17 9 IKUO ANAI - The Japanese government's plan to implement a "green card" identification system for individual depositors at banks and the Post Office from next year will have serious repercussions on the latter. The reason, reports IKUO ANAI, is because the Post Office is generally regarded as a haven forReuter - 763 words
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Article846 1981-06-17 9 LEONARD SILK - FORUM with LEONARD SILK NYT THESE are days when many people, great and humble, have the sensation of living under a volcano. Chancellor Helmut Schmidt of West Germany has again declared that high interest rates in the United States are undermining Europe's economy and couldNYT - 846 words
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Page 9 Advertisements
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Advertisement27 1981-06-17 9 Jilani Jut* And Taxtila Mill* Malaya Barhad Qonuino purchaaor wtehM to porch*** aharaa in tho abov* company. B.T. Box A ***** 1 Now Induatrial Road Singapore 195327 words
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Advertisement63 1981-06-17 9 Canon PLAIN PAPER COPIER eodu Worlds Best Value! Don't pay more for less! Nothing beats these value-packed features of the Canon NP-60. Plain paper copies up to B4 size (36.5 cm x 25.7 cm) 12 A 4 or 10 B4 copies in a minute, without warm-up time Micro-computer control centre63 words
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BANKING AND FINANCE
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Article291 1981-06-17 10 LEE YOKE MENG - By LEE YOKE MENG LEADING bankers from the five Asean countries will gather again in Singapore on Friday for the 10th Asean Banking Council (ABC) meeting. The two-day meeting, with Association of Banks in Singapore (ABS) playing host, will focus on the usual major topics291 words
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Article394 1981-06-17 10 NYT THE FEDERAL Reserve Board, the American central bank, is sure to abandon its current, increasingly controversial, monetary policy within the next two years, the head of the Bank for International Settlements predicted on Monday. Dr Jelle Zijlstra, the chairman of the bank, which is owned by theNYT - 394 words
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Article165 1981-06-17 10 THE International Bank of Central Europe, founded a year and a half ago by Japanese, West German, French, Austrian and Italian institutions, as well as by the National Bank of Hungary, is to set up a commercial office in Budapest with extraterritorial rights. The official Hungarian news agency,165 words
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Article175 1981-06-17 10 Reuter IRAN'S new central bank governor, Mobsen Nourbakhsh, plans to curb Inflation by restricting tbe amMit of money In elrcolatian, aad boost confidence In tbe nationalised banking system. Mr Nourbakbsh's earnmeats, bin first financial statement since taklag ever (ram Mr All Ren Nabari last Saturday, cameReuter - 175 words
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Article89 1981-06-17 10 OVERSEAS Union Bank (OUB) will open its 30th branch at Singapore Ch&ngi Airport's passenger terminal building on June 19. The Changi Airport Branch will provide a full range of banking services. In addition, OUB will operate five foreign exchange counters in the arrival hall, departure89 words
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Article55 1981-06-17 10 Reuter CHEMICAL Bank has lowered its broker loan rate to 19 per cent from 19Vfc per cent, effective immediately. Most other major New York banks are charging 20 per cent for loans to brokerage houses backed by securities. Earlier, Chemical cut its prime rate to 19Reuter - 55 words
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Article1250 1981-06-17 10 WHEN the Federal Reserve Board approved the creation of international banking facilities (IBFS) last week, it did not resolve a struggle that has characterised the issue since New York banks proposed the idea three years ago. IBFs are designed to attract business now booked1,250 words
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MONEY AND EXCHANGES
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Article134 1981-06-17 10 STERLING yesterday firmed against the US dollar at a late 2.0010/20, after reaching a high 2.0025/35 on commercial buying, compared to an early 1.9880/9905, dealers said. The dollar remained under pressure on easing US interest rates, with commercial buying taking the yen to a late 219.80/220.00 per US dollar,134 words
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Article196 1981-06-17 10 THE dollar for overnight delivery yesterday closed easier at 219.70 yen, compared with a 220.25 opening here, a 220 20/35 close in New York and 220.25/40 on the West Coast on Monday, dealers said. This was sharply weaker from a 221.75 close here on Monday. Trading was active, with196 words
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Article113 1981-06-17 10 THE dollar yesterday opened mixed, showing marginal gains from Monday night's close here against the mark, sterling and the Swiss franc but slipping back against most other leading currencies, dealers said. The market was volatile and nervous, with operators generally hesitant given the fact that dollar interest rates rose113 words
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Article488 1981-06-17 10 THE US dollar see-sawed through the day, waning generally against most of the other major currencies. Against the pound, the dollar moved erratically from an opening 1.9800/10 to 2.2000/35 in the afternoon. Closing was slightly firmer at 1.9985/96 though most dealers said the volatility was too great for488 words
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Article249 1981-06-17 10 SINGAPORE gold futures yesterday closed generally easier compared with overnight levels in thin trading. Opening quotations were marked down about US$7 an ounce following the metal's weakness in New York on Monday night and thereafter, prices moved within a narrow margin. Total sales for the day was at 77249 words
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Article45 1981-06-17 10 MM Sal New York 10 19B 10 46B 10 39S 10 66S Zurk-h 10 20B 10 40B 10 40S T-mmrn 10 60S Mam Singapore IWl 10 20B 10 SOB 10«S 10 70S Closing price* in US dollars a troy ounce Source: Credit, S`pore45 words
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Article22 1981-06-17 10 THE nverage rate at which major Singapore bunks ure currently prepared to lend to their best customers is 13.3 per cent.22 words
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Article193 1981-06-17 10 ASIAN ASIAN currency deposit Interbank rates as at close on June 16. L'8 Dollars*Spot) Offer Bid 7 days 18 > 18 1 month 1T» 17*. 2 months 17 7/16 17 5/16 3 months 17 9/16 17 7/16 6 months 10 9/10 16 7/16 9 months 15 5/10 15 13/16 12193 words
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Article49 1981-06-17 10 range of prices offered by dl* count houses on June It: Overnight: to« l -»9 Call deposits: S5 to t'iH CWn Buying SelliM 3-month Treasury bills 8 1 6'« 3-month Bank bills 13H 13' 3 months CD 12H 12W 6 months CD 12 11» Source: National Discount Co49 words
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Article41 1981-06-17 10 FRANKFURT exchanges opening quotes on June 16: US 2.3360/75 Stg 4.676 84 Can -1.9484/510 D F1 89.72/85 S Fr -114.40/53 Lit 2.011/17 p Fr 41.99/42.05 N Kr 39.99 40.04 B Ft (con) 6.126/139 B FY (fin) 6.016/026 Yen 1.0642 6041 words
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Article199 1981-06-17 10 TREASURY approval has been given to the merging of two bank applications between the Bank of New Sooth Wales (NSW) and the Commercial Bank of Australia (CBA), and the National Bank of Australasia (NBA) and the Commercial Banking Company of Sydney (CBC). In announcing this on Monday, Treasurer199 words
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Page 10 Advertisements
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Advertisement266 1981-06-17 10 Any move to iron out contractual ambiguities and legal loopholes must be welcomed. Certainly, where necessary and wasteful work stoppages or legal tussles can he prevented, it would he the right step forward for the building industr\... < Business Times Kditorial 22nd April 19H I. CONFERENCE ON KEY ISSUES IN266 words
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Advertisement277 1981-06-17 10 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANCE OF SHIP'S NAME I, Jimmy G.T. Tan of Samta Pte. Ltd., hereby give notice that in consequence of our Purchase of a motor vessel, I have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant Shipping Act (Chapter 172, 1970277 words
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Page 11 Advertisements
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Advertisement160 1981-06-17 11 MAKES From now on The Asian Wall Street Journal is printed in Singapore. With this Singapore edition, the Singapore businessman can really stay ahead. Exclusive, instant coverage of both Asian and major international markets. In fact, due to modern satellite technology the Singapore edition releases the latest Wall Street news160 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article183 1981-06-17 12 JUNE IS ru AW" 288.00 10J Ahold T3J0 Akao a. 10 0J AilKV 90 JO 40J Am fa* 100.00 4-1 Amrobnk MX 42 Batmm 38.00 01 Berk 48.00 41 Boll 82.80 1J BorsumlJ 180.00 4.9 Burhmann 96 40 40.8 CaJaxid 38.70 4 0 J Cal*e Delft 306.00 0J Dell183 words
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Article262 1981-06-17 12 JUNE 19 Fn CORBEILLE Air-Liquids 383xd -1 B 8 N Oenrmla Danone C S r (ThomaonCaf). an 1MJ0 1 2.3 Cl« PrancaUe dea Petrolei Compiinlt Financiers Compa«nle OeneraJe Credit Ponder IM ao 282J0 uneh >12 03 Hachette (Llbralrte). Machine* Bull Mlchelln (B) MS an 100 17BJ0 -M 03 30262 words
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Article98 1981-06-17 12 JUNE IS Fr% FORWARD MARKET Acec 287 unch Arbed 1180 -2 Aatur 280 10 B rue an 1140 unch Bru-Lamb 1000 10 Canpac 1&36 unch Cock 151 -4 De Beert 297 3 Ebe> 1214 12 ElecUobel 2810 -90 Qb-Inno-Bm 1800 100 Oev 1210 84 Hobok 2110 4 10 Wtrn98 words
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Article221 1981-06-17 12 JUNE 15 Dm Aef-Telefunken SO.» -«.1 Akao 2100 J Alls Lebtn 1006 00 2 Alls Ver* BASF Bay H T Wfcank Bay Vfcank Bayer BBC BMW moo 137 3D 193 SO 279 SO 137 00 283 00 ***** 0 02 IS IS unch J -2-3 Caaaella 254 50 unch221 words
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Article178 1981-06-17 12 JUNK IS Prancs Action* SulMM AlujnUw Br. Alu*ul*ar Re* Brown Boeeri Br CI be Oelcy Br Clba Otifj PC CI be Otltj Rcf C redit Sulaac Br Credit SuUac Rcf Elektrowatl Br Oeorfe riKhw Br OkXxia Pc 2M 10*5 380 1J30 12S0 936 SO ato 410 2900 ato 337178 words
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Article70 1981-06-17 12 Amoc On Buiofi Ccntrelc n*l ijaooo ooo TM -17 1501 -1196 Ml -SB hniMtr 0*n Immob in pn Italccmentl JO -0.5 2270 -54 7«5 -m 4330D «7V1 llJO lUUlder »U«n*U M Kinlll Err Mcdloto Mirmlanxa Mofxladon MontKUn Motta Bio CMin Ort Otm Prt 2*1 -s Pt 900 28 SUJC70 words
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Article193 1981-06-17 12 JUNE IS C» AblUM »-> -t* A lean Alfoma 47% Bank Mont 2BH Bank Nova Scotia 27 *<* Bell Tel 1SH Betn Corp BP Can Ltd I. unch Braaean -<* Camp Red Lake *<* Can Imp Bk »*t Canpar *T* Canpae tan Pt Carltng OTCeefe 27* To Comlnco Com193 words
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Article269 1981-06-17 12 JUNE 15 Rand INDUSTRIALS A Alpha 406 Abercom 415 AE And CI MO AlCIC W Barlows 1010 Currte riiuna 225 De Been lnd Edcon Edfmn "100 Enmdi Ted Volt 515 Puflt Oardlan Olenanl Oratemn 11*® Hippo Hleeld 530 HuletU ISO 1'h.rty Lonrho _215 LTA 410 M And R 630269 words
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Page 12 Advertisements
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Advertisement176 1981-06-17 12 The American Express Card serves you well, wherever good food is served". EWAliii iiere to wine,dine and entertain Local and Western self-service lunches Open daily j 10.30 a.m. to 3.00 p.m. fl Restaurant Lounge 10.30 a.m. to 10.00 p.m. DOLPHIN CAFETERIA Ist. Floor, World Trade Centre, Tel: *****11/2 /m* X176 words
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Advertisement79 1981-06-17 12 V® u 8 m NUTMEGS Yh&A MMT RfGfNi 0 RESTAURANT Business Breolcfast: 7.30 am -11 am Lunch 12 noon 2.30 pm Dinner: 7 pm 1 am Son. to Thor. 7 pm -2 am (Fri. Sat.) LOUNGE Cocktofe 12 noon I am (Son. to Thor.i •12 noon -2 am Fn. Sat.79 words
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Advertisement142 1981-06-17 12 >=,_&.<+/>:,]:^&!<_`*}\,@_"@&}@ Feast like an emperor at Chinatown Our chefs can whip up culinary delights that would excite even the most demanding of emperors Here at The Chinatown, we serve Szechuan specialties Name your favourites Or ask for our recommen dations Then be treated to a feast of tastes In the142 words
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Advertisement119 1981-06-17 12 QGGGQ Inn Of Happiness Dine Cantonese style. Dine Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. w A \1 r m, The lovely from119 words
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Advertisement249 1981-06-17 12 The rumour is true. For The Citation is a very private and exclusive dub for business executives. Secluded beneath the Cockpit Hoed, its furnishings are the very finest, the atmosphere appropriate for business entertainment. Come and experience a businessmen's haven. '< 1 I L_ I QTatming garaeii restaurant presents Wednesday249 words
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Article1167 1981-06-17 13 NEW YORK stock prices on Monday rose in heavy trading, spurred by a decline in interest rates. The Dow Jones industrial average closed up over five points, although it had been ahead by more than 11 points earlier today. Advances led declines by a five-to-three1,167 words
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ASIAN STOCKS
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Article541 1981-06-17 13 TOKYO SHARE prices yesterday closed slightly lower on profit-taking with many investors cautious about high prices, after the market average went to a record high 7,729.63 at the morning close, dealers said. The market average fell 15.21 to end the day at 7,696.52 in active trading as541 words
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Article273 1981-06-17 13 Source: Silk THE overnight drop in the US interest rates caused the market to open sharply higher yesterday. Opening levels ould not be maintained and the market slipped under persistent selling pressure, closing the morning up only five points, about 30 points below the opening levels. Warrants were particularlySource: Silk - 273 words
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Article291 1981-06-17 13 PROFIT-taking affected the oil sector following a disappointing report from the Blina no 1 well and news the British National Oil Corp lowered its North Sea crude oil price, brokers said. Turnover was strong despite continuing problems with the national telecommunications system. Banks were among firmer issues after Federal291 words
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Article135 1981-06-17 13 THE stock market was still inactive yesterday as turnover remained low and prices generally continued to decline with no sign of any rapid improvement, dealers said. Bangkok Bank fell two baht to 254, Jalaprathan Cement and Charoong Thai Wire dropped one each to 108 and 183, while Thai Commercial135 words
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Article52 1981-06-17 13 FINANCIAL TIMES INDUSTRIALS Monday 547.8 Friday 535.8 Week Ago 547.9 DOW JONES AVERAGE INDUSTRIALS Monday 1011.9» Friday 1006.28 Week Ago 995 64 H.K.HANG SENG Tuesday 1761.15 Monday 1752.35 Week Ago 1718.07 AUSTRALIAN INDUSTRIALS Tuesday 7472 Monday 745 4 Week Ago 752.1 ALL ORDINARIES Tuesday 712.8 Monday 710.8 Week52 words
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Article96 1981-06-17 13 Reuter PHOENIX Oil and Gas NL said a strong increase in gas readings has be«n detected in Surat Basin exploration well, Gregory River 2, following a sharp drilling break at 2,811 metres. The well is now at 2,812 metres and Phoenix is circulating and conditioning the mud systemReuter - 96 words
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Page 13 Advertisements
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Advertisement382 1981-06-17 13 for loos cf fine doc... ©heea Swiss Continental Restaurant <jol<k»n IMkhmhaSzechuan Restaurant llmkmiLv World Trade Centre Szechuan Restaurant »A KAMPAW World Trade Centre Japanese Restaurant [Sal KAMPAW Japanese Restaurant it. R a i t«C r H ~r VI t O Singapore's most famous restaurant now expands in(o another bigger premise382 words
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Advertisement387 1981-06-17 13 STOCK MARKET POLITICS: WHEN YOU HEAR "SLUT" WATCH FOR BUY SIGNS Or, why international oil stocks present opportunities for big profits World oil prices rose more than 150 per cent between 1979 and the beginning of this year, and during that period oil stocks were among the biggest gainers on387 words
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COMPANY NEWS
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In Hongkong...
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Article75 1981-06-17 13 reported a group consolidated net profit of HK$65.B million ($72 million previously) for the six months ended March 31. Earnings per share is 51 cents (55 cents after adjustment for a one-for-four bonus issue). An interim dividend of 18 cents on adjustment for the bonus issue75 words
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Article39 1981-06-17 13 has announced a first interim dividend of 10 cents (same) for the year ending March 31. The company also announced a cash dividend of 15 cents (nil). Books will be closed from July 9 to 15.39 words
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85 1981-06-17 13 Reuter started on Mon- day, with early activity frenzied, dealers said. The shares were quoted at HKJI.7O buyer per share in early trading, compared with an issue price of $1 each. International City Holdings is held 30.06 per cent by CheungReuter - 85 words
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Article, Illustration791 1981-06-17 13 By THE CITY STAFF FEEDMILLER Gold Coin expects lower earnings this year, although the group's longer-term prospects seem good. Chairman John Curran said: "Profits for the first half of 1981 are expected to be less than satisfactory." This is because there has beenBy THE CITY STAFF - 791 words
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Article244 1981-06-17 15 ROBERT TAY - Letter ROBERT TAY Dear Hock Lock Slew, When UK stockbroker Laurence Prust said some plantation stocks are overvalued, Kulim was not included yet it fell from a high of 3.56 to 2.82. On May 30, 1981, Laurence Prust commented on Kulim's 1980 annual report but244 words
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Article537 1981-06-17 15 GROWTH Industrial Holdings has informed the SES that the underwriter for its rights issue of one-for-two at $2 per share is Standard Chartered Merchant Bank Asia. D and C Nomura Merchant Bankers Bhd has submitted the profit record of Casuarina Beach Hotel Sdn Bhd to the KLSE on537 words
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688 1981-06-17 15 KOH TSE YING - By KOH TSE YING METAL Box Singapore's principal properties and assets are now worth nearly $60 million. According to Richard Ellis, CH Williams which carried out the revaluation in January, Metal Box's factory complex at Woodlands Road which stands on a 66,229 sq m688 words
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368 1981-06-17 15 THE current year is expected to be "an even more difficult" one for Textile Corporation of Malaya, following a more than onethird drop in its profits last year. This is because production costs continue to rise. Moreover, the textile market remains depressed, with368 words
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257 1981-06-17 15 MALAKOFF Berhad expects to reap a gross profit (before tax and interest charges) of at least $1 million from Taiping Rubber Plantation from July to December this year. But the final figure will depend upon prevailing rubber prices according to Malakoffs latest circular on257 words
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Article110 1981-06-17 15 RAHMAN Hydraulic Tin Berhad has reported a 28 per cent rise in pre-tax profit to M 56.2 million for the first half year to March 1981. Its interim results show that net sales proceeds for tin for the first six months amounted to $11.27 million, up 36110 words
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Article136 1981-06-17 15 OVERSEAS Union Bank (OUB) yesterday announced that 99.8 per ceqt of its rights issue of 28,746,666 new shares at $2 per share has been taken up. The applications for excess shares came to 3,685,883 shares against the balance of 57,330 shares available. In the allotment136 words
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Article75 1981-06-17 15 TRADING In the shares of Peg! Malaysia Berhad, long suspended on the Kaala Lumpur Stock Exchange (KLSE) bat carried •n all along on the Stock Exchange of Singapore, will resume on the KLSE on Jane 22. However, the exchange said the re-qnotation will be subject75 words
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Article900 1981-06-17 15 Current Ex Books Date Total (or Total for Payment Date Close Payable the year Previous year A P I 3%TE Jun 10 Jun 22 Jul 13 3*TE Acuta i5*(b) Jun 23 Jun 30 Jul 9 15* 14.5*(a) Alcom 5* Jun 11 Jun 23 Jul 15 10* 12* AmktMtdw900 words
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Article578 1981-06-17 15 By THE CITY STAFF JOHAN Holdings has outlined ambitious plans for the future which would thrust the company into five key areas. To achieve this, it has announced a major restructuring exercise involving a rights issue and another issue of 8.584 million shares to the MalaysianBy THE CITY STAFF - 578 words
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235 1981-06-17 15 IN AN attempt to rationalise its corporate holdings, Bolton Properties Bhd has announced the sale of its stakes in two Malaysian associates, Udabolton Sdn Bhd and Anika Plastics Sdn Bhd. The stakes amount to 2.5 million shares or 50 per cent of the equity of235 words
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2000 1981-06-17 14 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 A COMMERCIAL Acma (1)42,000 words
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Article199 1981-06-17 14 SINGAPORE I NIT TRI St DI AMOND MGT S'PORE prim i for Jul 11) iMiajm' price* far Ju 11) The Commerce 3 88 4 OBxd Diamond S'pore Fd US*100 The Savings Fund 223 234 S»2135 S'pore Pro* Fund 1.71 180 S pore Sec Fund 261 2.74 INCOME BOND199 words
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Article2819 1981-06-17 14 1981 High Low Company Gr*» Gr'« Net Last Div Div Y'ld P/E Vol Day Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL A COMMERCIAL 464 334 312 420 200 470 950 6654 430 320 Acma Alcom 130 Allied Choc 161 BAT 330 Bata 110 Ben 3602,819 words
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Article2168 1981-06-17 14 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 INIM STRIALS Arm* (4 40B) cd Alrao <3 80S) (C) 382 (1)2,168 words
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Article100 1981-06-17 14 DATTK krramat Holdings Berhad: AGM to be held at Birch House, 73 Jalan Datuk Keramat, Penang on June 18 at 10.30 am. ISLAND ft Peninsular Development Berhad: AGM to be held at 1st Floor, Ban Hin Lee Bank Chambers, Beach Street, Penang on June 20 at noon. Kl'CHAI100 words
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Article, Illustration721 1981-06-17 14 THE stock mwkrt maintained the cautious mood of the past few days. Except for some situational issues, prices lingered around overnight levels and trading remained moderate yesterday. The general investing public appeared to be waiting for syndicates and Institutional investors to initiate a721 words
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Article619 1981-06-17 14 SENTIMENT was slightly dampened at the Kuala Lumpur Stock Exchange yesterday as mixed trading prevailed. The easier Monday afternoon's close at the Singapore market apparently affected Kuala Lumpur share prices, resulting in the "mixed" trend. This came despite an encouraging 21.88 points improvement in the Hang619 words
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Page 15 Advertisements
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Advertisement127 1981-06-17 15 From now on the others will have to try harder! This is what car rentals are all about. We offer as near perfect a service as you'll ever get. Because the only cars we rent out form part of our franchise range. Which means that every car rented from us127 words
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Advertisement128 1981-06-17 15 Egon Zehnder International has moved to: 2608 OCBC Centre Singapore 0104 Te1:912-344 TIx:RS ***** Tan Soo Jin Senior Associate Ronald Binks Director Offices: Brussels, Chicago, Copenhagen, Dusseldorf. Frankfurt, Geneva, The Hague, London, Madrid, Melbourne, Milan. New York, Paris, Sao Paulo, Singapore, Sydney, Tokyo, Zurich SummaGroup The Board of Directors of128 words
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414 1981-06-17 16 THE Asean Foreign Ministers Meeting in Manila tomorrow will discuss how to use the United Nationssponsored conference on Kampuchea scheduled for next month to move one step further towards a solution in Indochina. At an airport press conference before his departure yesterday. Foreign414 words
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231 1981-06-17 16 THE UNITED States and its allies would apply political, economic and military pressure on Vietnam to withdraw troops from Kampuchea and get the Soviets out of Vietnam. Mr John Holdridge, Assistant Secretary of State for East Asian Affairs, said this in an231 words
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420 1981-06-17 16 Agencies INDONESIA plans to buy up to US$4 billion in gold to guarantee its foreign exchange reserves. A banking source said yesterday that Indonesia recently bought 300,000 troy ounces of gold for a total of US$l5O million. This was only the firstAgencies - 420 words
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Article142 1981-06-17 16 AFP THE LEASE title to the land on which the Indonesian Embassy building in Orchard Road now stands has been transferred to a third party without the knowledge of the Singapore government, a prominent Indonesian businessman said. The statement made yesterday by Mr Probosutejo, a keyAFP - 142 words
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241 1981-06-17 16 UPI MILLIONS of voters ignored an opposition boycott of the Philippines' first presidential elections in 12 years yesterday and sent President Ferdinand Marcos into an overwhelming early lead for a new six-year term. Initial returns after the polls closed showed that the 63-year-oldUPI - 241 words
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202 1981-06-17 16 AFP AP SEVERAL thousand demonstrators screaming for the execution of President Abolhassan Bani-Sadr gathered around the Iranian parliament yesterday as it prepared to debate his "political incompetence". Shouting "Bani-Sadr must be executed" and waving portraits of Ayatollah Ruhollah Khomeiny, the demonstrators marched outside the buildingAFP; AP - 202 words
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Article899 1981-06-17 16 LONDON, Tues Share prices closed steady to firmer in moderate trading today with the lack of a rights issue announcement from BP as main boost to sentiment. At 3pm. the Financial Times index was up 3.0 points at 550.8. Many operators were expecting a rights issue announcement from899 words
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Article46 1981-06-17 16 AP NEW YORK, Tues Stock prices edged lower this morning, pausing after yesterday's The Dow Jones average feU 1.06 points to 1,010.94 in the first hall-hour of trading The split among advances and de- clines was nearly even, among 1 NYSE-listed issues. —APAP - 46 words
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Page 16 Advertisements
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Advertisement183 1981-06-17 16 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 17th December, 1982 of: The Mitsui Bank, Limited Hons Leong Building. 16 Raffles Quay Singapore 0104. We hereby certify that the rate of interest payable on the above-mentioned certificates of deposit for the interest period beginning183 words
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Advertisement327 1981-06-17 16 Jeddah Saudias Jeddah Express Riyadh lIHIIIIHIIIIIMIIIIIIIHHIIIIIIIIIMMIIIIIIIIIIMIIIIHIIIIIIIIIIIiniIIimiIIIMWIW 15 45 Catch any of the 108 weekly flights from Singapore to Bangkok for the non-stop flight to Riyadh, and the only direct flight to Jeddah. The Saudia Express leaves Bangkok every Thursday and Sunday at 12.20 p.m. and arrives in Riyadh and Jeddah327 words
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Page 16 Miscellaneous
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Miscellaneous58 1981-06-17 16 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mostly fair. Report for 24 hoars prior to 7.3t pm on Jane IS at the airport. Maximum temperature 33.9 Associated humidity 59 Minimum temperature 25.1 Associated humidity Hours of sunshine 9.05 Rainfall in millimetres Nil Total rainfall for the month58 words
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SHIPPING TIMES
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268 1981-06-17 17 INDONESIAN interests have purchased two of the four 16,750 dwt multi-pur-pose cargo vessels built by Italcantieri against an order from the now liquidated Traghetti del Mediterraneo Group. The latter's withdrawal from the contract during the Snstruction of the series d constituted one of the first268 words
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587 1981-06-17 17 JUNE LIM - By JUNE LIM SELCO Salvage of Singapore is expanding its operations though other international salvage operators have been forced out of business because of increasing costs and inadequate rewards. The company is one of the largest salvage companies in the world with seven stations in587 words
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POBTSIDES
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Article129 1981-06-17 17 A DROP of about 10 per cent in cargo throughput for 1980 is predicted for the port of Rotterdam. Mr Ir Molenaar, director of the municipal port of Rotterdam said the fall-off may be expected even on the assumption that' there will be a slight recovery in the129 words
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Article100 1981-06-17 17 THE Port of Seattle has announced a new truck contract rate service, claimed to be unique in America, which is aimed at simplifying billing procedures and cutting the costs for ship(Jers with loads that normally warrant less than a full lorry. The port has signed contracts100 words
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Article94 1981-06-17 17 AFP THREE crew members were reported to have been killed and 16 others injured when a Singapore-registered ship Qasqha, sank on Monday near Kota Baru (Pulau Laut) south-east of south Kalimantan. Another member was listed as missing. Sea communication authorities in Banjarmasin, capital of south Kalimantan, saidAFP - 94 words
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Article71 1981-06-17 17 AFP A 72,000-TON Japanese ship, the Titan, was in collision with another vessel in the English Channel midway between Britain and France last week. The Titan was damaged in the stern. Her captain reported that water was getting into the engine room. The other vessel, said to beAFP - 71 words
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Article701 1981-06-17 17 Shipping line PMf C*l Achipelego l Adriatic VI 5 Alea VI 3 Afro-Eurasia VI 2 A1 Navigation VI 2 AUtrans VI 5 Alpac VI 5 Angkutan VI 4 Angonave vm I ANL I 1 Antoll vm l API. m «s Argentine IV 4 ASCI. m i Asia701 words
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Article318 1981-06-17 18 AFP FIRECRACKERS exploded and thousands of people applauded as China's two biggest shiploeks on the mighty Yangtze River came through their trial operation on Monday with flying colours. Two passenger ships, clad in buntings, made the trial run through the locks at Gezhouba on the middleAFP - 318 words
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Article849 1981-06-17 18 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 Pegasus Pride 176N 16.6.81 2100 Straits TA 4 TT Gold Hllla 37W 16.6.81 0700 Star Shpg TA 4 VC Selandia 213849 words
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Article1580 1981-06-17 18 GRAIN chartering was more active and rates edged higher on Monday where changed. Business from the US Gulf to Japan paid U5526.25, up 25 cents, while the $38 paid for two cargoes from the Gulf to China was up $1 although the latest business was for slightly smaller1,580 words
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Article410 1981-06-17 19 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Builder H (1500) 22 Berlin (after Nedlloyd Adelaide) 3/4 Blue Kochi (RO/RO) (after American Mohawk must starboard alongside) 44 Cherry Chantek (0700) 28 Frotadurban (1500 after Serena must vacate 1000/ 18th) 46 Futami Maru (0600 after Linden) 33/34 Hongkong Island (0600 tide)410 words
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Article, Illustration556 1981-06-17 19 AFP AN 11-MEMBER international expedition, sponsored mainly by the French oil company ElfAquitaine, will sail from Hongkong Aboard a traditional Chinese Junk early next month for a 20,000mile voyage to France Wiled as a symbol of the growing friendly ties between China and Europe. The 70-ton. Elf-Chine, builtAFP - 556 words
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1143 1981-06-17 19 UNCTAD is helping several developing nations to prepare for their role in modern freight transport and distribution by learning the art of cooperation which can help them benefit from the economies of scale. The promotion of freight forwarding services by developing countries is1,143 words
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Article, Illustration130 1981-06-17 19 MR RENNY Yea Ah Klaag of Vosper Pte Ltd has taken up a new position as assistant manager of the company's support services division. Mr Yeo's previous position was chief electrical designer but he was selected by the company to undertake a postgraduate training in management studies130 words
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985 1981-06-17 23 SCHEDULE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated of arrival and departure from the Port of Singapore. Advance dates are published at a maximum of three weeks. PN985 words
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Article424 1981-06-17 24 AFP HELPED by the settlement of the US coal dispute, coal chartering was more prominent last week on the freight market. Soviet interest is awaited following the decision of the United States to allow the purchase of six million tons of grain between now and September. Time charteringAFP - 424 words
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Page 17 Advertisements
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Advertisement374 1981-06-17 17 Everett Linesl fOR THI MOST FRfQUINT SAILINGS TO B ANGK OtC HONG K ONI. JAPAN BUS AN chit t agong C At CUT T A CHAINA RANGOON BUfNOS AIRIS MANZANILtO ACAPULCO Everett Steamship Corpn. S/A Clifford Centre Singapore 1 lei ***** 9 36 Beach Street Penang Rm 36 103 OCBC374 words
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Advertisement378 1981-06-17 17 m* s>i Si I UASC UNITED ARAB SHIPPING CO (SAG) Mina Qaboos (29/6). Dubai (1/7). Dammam (4/7). Abu Dhabi (7/7). Kuwait (10/7). Mna A) Fahal (13/7). Bahrain (16/7). Doha (19/7) FULLY CONTAINERISED SERVICE •MXNHYUt V 14 •Closing times fCI. 17/6 0700 HRS ICI 16/6 1900 HRS Al MIDUI *14 Loading378 words
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Advertisement659 1981-06-17 17 FOR PEOPLE WHO MATTER t m fs Periodicals ur MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF, ATLANTIC. EAST CANADA. ASIAN PORTS Singapore |Longbeach|New York I Philadelphia»BaJUmore (Charleston 26-27/7 2-3/1 9-10/8 'SKGAPORE CLOSWG TIDES CY 22nd June 0700 HRS CFS 21st June 1900 HRS ALVA MAERSK ARID MAERSK659 words
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Page 18 Advertisements
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Advertisement842 1981-06-17 18 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 Vessel KORRtGAN MHON St LANCIA BSURIA N OCJMA N HOORN TOYAMA N CRYSTAL To Eurcgw S pore 1) Myites 2) Rdam 23/6 8/7842 words
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Advertisement279 1981-06-17 18 Are you making full use off the Shipping Times as an .-rFor further enquiries call: Shipping Times Tel: *****44, Extension 351 or 367 Tel: *****2 Ext. 38 or 39 Times Centre Financial Publications Sdn Bhd 1, New Industrial Rood Singapore 1953. 31, Jolan Riong, KL 22-03 SUPERCARRIER SERVICE Barber BhieSea279 words
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Page 19 Advertisements
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Advertisement421 1981-06-17 19 Overseas Containers Limited 1 STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Porta and Bangkok 117* W»l urr i LTD. BANGKOK TO 234-1122 (5 IMS) HERS. TO ***** A joint service of Ben Una, Bon Ocean Blue Funnel, Glen Una •ndNSMO T» UK/CmHmrl (via led Sea art Swz) Blue Funnel (S.EA.)421 words
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Advertisement284 1981-06-17 19 rfn Franco Belquui Services r |P b ■b:' R irr S'/jft 1 V C.M.C.R. Optorg Shipping Pte. Ltd. Port flung *00 1 P*t»l.nq Jay* 7?S*O3 P«m«nq ft3?4S tEL M A W t MPRf SA iIM AS MAR, I WRLSA LiNLAS MAR, "IMAS ARGfNTIfsIAS (ARGENTINE NATiQNAL LINE) .11' >M Aytnta MAi284 words
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Page 20 Advertisements
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Advertisement827 1981-06-17 20 Hapag-Lloyd to NomEyrort noowor Bai 19/6 21/4 10/7 12/7 13/7 1 Sydney 21/t 11/7 HmfcM lioro 30/6 20/7 22/7 23/7 J 4/7 6/7 27/7 M/ 7 30/7 12/7 M/ 7 3/8 5/8 6/8 ItaUhXr !»/> 7/8 9/8 10/8 AJso accepting transhipment cargo tor CARIBBEAN WEST iOES »i» Hamburg to mewterraha827 words
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Advertisement492 1981-06-17 20 P. Ketang PENANG S PORE 161** 29 June/1 My 2-5 July 7-9 My FROM BUSAN BANGKOK tGA 162E 29 June/1 My 2-5 My TO BUSAN UTAIR 165** 10-13 My 14-17 My 18-22 My FROM Bt/SA BANGKOK ALTAR 166E 10-13 My 14-17 My 18-22 My TO BUSAN SC KSC KSC KSC492 words
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Advertisement571 1981-06-17 20 EVERGREEN LINE T 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 AMSTERDAM S pvt MM Ectasia** Bottwdam Mwvp If Ha«rt Eral*|t 27/t J/7 IJ/7 22/7 24/7 a/7 27/7571 words
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Advertisement1046 1981-06-17 20 Everett LiiwJ. I Burma Five Star Shipping Corpn. JOk "BURMESE NATIONAL LINE" LOADING FOR RANGOON I<M*X Itotlvilaai AMaerp far ftvch*tii| mtj f KMm, Pmanf BASSIW" 25/27 km momrm 27/71 km"" u/i« u fMUMIKCTMTM 71 JO km PA A* 1/1 M B F SS C Agent* m Mokiyvo BOUSTEAD SHIPPING /J—-1,046 words
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Advertisement451 1981-06-17 20 r lao.s.E. OCEAN SHIPPING ENTERPRISES PTE LTO. IS SANKYO LINE JAPAN/STRAITS SERVICE GEKRAL MINTS CONTAMER BOOK KG OCEAN SHTPMG STORE TEL *****44/7 lALAL3 CONTAKR P RELANG TU 6347 C 973/4 SUB WWTS P RUANG EAST ASIA SHTPMG Til 1M712/3/7251 PENANG MALAYSIA TRADE t TRANSPORT TU (7»3 (3725 OCEAN SHTPMG I451 words
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Page 21 Advertisements
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Advertisement811 1981-06-17 21 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO, HODEIDAH, JEDDAH AQABA (Reefer Cntrs Acceptable) a Accepting LCL Cargo to Colombo Aqaba. *FCL Closing 17/7 2300 Hrs. S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS EAST AFRICA/REDSEA SERVICE Singapore P Kclang Panang Loading for: KOTAJATI In PI/20 Juna Port Sudan. Bodatdah, Aqaba811 words
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Advertisement1090 1981-06-17 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE (O EUROPE S pore P Kelang W Ormany Austria An (wb lay 19/6 21/4 14/7 Honftonf Eipitu 24/4 M/t 20/7 n/i Harntourt fi|>iu 4/7 411 11/1 M/ 7 ToAioEipress 11/1 14/7 VI Mounts Bir 14/7 7/1 9/1 Alemiru Eipress 20/7 9/4 U/l1,090 words
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Advertisement844 1981-06-17 21 i Wi\ A i f v\ WA 4 Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE TO MED/UK/NC/SCAN trutt S pore l)MsaAes2)lt4ei» 3)M-b»rc«)C'l WMOW IS/I SUANOtt HI 22/1 b sun* mi wo oena 5/1 *0 HOOWI 21/1 12/1 e PFNAGA 19 I B OM« 24 6 B PENAO l/l i DAFtl*844 words
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Advertisement587 1981-06-17 21 BOUSTEAD SHIPPING AGENCIES la BANK LINE FOR REUNION t S. AFRICA A VESSEL Also accepting FCL containers. Spore: mid-July (looding direct for Reunion, Durban and Capetown only) Lukes/fe Linos U.S. WEST COAST SERVICE Drtct how SFO Lbch SPO« &W S'tk.'Toc VBC LESIE LYKES 13/6 9/6 17/7 19/7 12/8 16/8 ASHLEY587 words
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Page 22 Advertisements
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Advertisement738 1981-06-17 22 MMsM Kline KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA E«te> >M*f mHk the t lafcMf m request C V |«n acceptable tw Oakland tKHni Portland Houston. Gahrnton New Orleans Boston St Wot ntedefetaa Nortok BaNme Satamali. Jaduomrie TO EUROPE 0 CHK( 75W 21 6 9/' 10/; 1738 words
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Advertisement673 1981-06-17 22 '/Ie CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE I iwfcw to LOS RNBLIS. SAN FRANCISCO SEATTLE TACOHA. VANCOUVER B C Acceptnt FCL/FCL Mmn P Aetanj Suifapore I Angelrs «sm« PAKAS" I* AUSTRALIA EXPRESS CONTAINER SERVICE Accaptanf FCL/FCL Contaawn NEW ZEALAND SERVICE Im*< M MKJ* imuTOA KIiJBIM tuaiMG Vcwwi fa Fa673 words
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Advertisement527 1981-06-17 22 S A(iroiip SINGAPORE SHIPPING AGENCIES PTE LTD 20TM FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 13 LINES) GENERAL *****1 114 LINES) TERMINAL OFFICE *****83 TELEX RS ***** RS ***** A/BCARSHIP CABLE CARGOSHIP Container IJnes WEEKLY CONTAINER SERVICE to/from BANGKOK BANGKOK n/it I® 27/21 A® 2/3 M 5/6 M 9/10 M527 words
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Advertisement653 1981-06-17 22 KORINS MARITIME SERVICES Room 601. tCB Building. Shenlon Way, Singapore Tel *****22 *****67 P Kelang: Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES S'PORE P. KELANG LOADING FOR: A VESSEL 30 Jun Alexandria/Tripoli/ P.Sudan/Jeddah KOMARINE 2 Jul Bahrain/Kuwait BUNGA VANDA... 10 Jul Iran Ports Tsi Hyundae Shipping Co. lid. ASIA MERCHANT MARINE653 words
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Advertisement729 1981-06-17 22 BREAKBULK SERVICE TO EUROPE/UK S'para f KcUne Panan| laaAm Mr AKRITAS ***** U U BOULOGNE/RDAM/ UK (AVON)/E»AH NOR ASIA ***** 6Am 10 Aut RIMM/UK (AVON)/ CAEN FULL CONTAINER WEST BOUND SERVICE DART ATLANTICA WBIOB DART AMERICANA WBIIO Singapore Loadnf for: 28 km Mdah/M'sefes/Hamburt/ Rotterdam/Tlwry 11 M -doFULL CONTAINER EAST BOUND729 words
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Page 23 Advertisements
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Advertisement795 1981-06-17 23 TO EUROPE/UK (VIA SUEZ): 0. CHEF 25W+...... HK CONTAINER 26*. K. JACEJIN 10W C. CONTAINER 12W.. N. GARNET 6W K. CHANCE 4W. Also accepting cargo to/from Scandinavia 0 CHIEF S pore Closing Times: FCL Cargo 1400 19/6 LCL Cargo 0200 19/6 FROM EUROPE (VIA SUEZ) N. GARNET 5E.... K. CHANCE795 words
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Advertisement545 1981-06-17 23 MALDIVE LINES ETA KUANTAN ETA PORT KELANG NAZAKAT Loading For Oubai only MALDIVE NOBLE Loading for Karachi/Muscat/ Dubai Dammam MALDIVE PLEDGE Loading for Jeddah MALDIVE NATION Loading For Kuwait MALDIVE IMPORTER Loading For Male MALDIVE PRIZE Loading For Kuwait MALDIVE PIONEER Loading For Jeddah FOR BOOKMGS t ENQUMES PLEASE CONTACT:545 words
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Advertisement713 1981-06-17 23 SINSOV SINGAPORE SOVIET STOPPING CO PRIVATE LTD SJKSOV BULOMG 55, Market Street Sinfapore 0104 Telephone (lumbers *****3 (10 Lines) Cable Address SKSOV SINGAPORE Telex Numbers RS ***** RS ***** RS 2510S PENANG !K S SWt IST FIOOR *SSK HAI THONG SWfttG 23 *ek) Quay Penang L^ mmG PWtT KLANG MAIAYSIA713 words
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Page 24 Advertisements
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Advertisement641 1981-06-17 24 I I PEACE LINE Regulor container FCL/LCL services to Australia Sydney, Melbourne, Adelaide, Brisbane Europe All ports including UK 4 CONTAINER .SERVICES Andersoe V.23(T/S) 30/6 Tauranga Eagle Arrow V24(T/S) 9/7 Timaru.Aucklond Napier Also calling Hong Kong, Taiwan Japan £22* ATLAS LINES PS?* REGULAR fOEPENDENT SERVICE TO MO FROM CWTTAGONG AMD641 words
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Advertisement641 1981-06-17 24 A OCEAN REGULAR NON CONFERENCE SERVICES MEDITERRAfcAN SEA SERVICE (Also Accepting cargo tor Si|eia Bouigas Constant wb|«l to inducement) S pore PAelang Penang loading tor UNQU CHALLENGE y SMG 17 W Port Sad/AMian*uLina*u>i fkMW/Bant/lattakia/ OMCD VESSELS ■SB SAGASIA PTE LTD. (LOWS OREYFUS GROUP Of CODfANIS) I3IMI (Tel: *****55 (5 fries)641 words
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Advertisement423 1981-06-17 24 CAIV/It\/Il 1 IKII wr-ii viivii uii l Vessel KK S pore P.Kelang Ldg. for WBl4 23 July 26 July Antwerp Tilbury Hamburg/ Rotterdam AUTHORITY SHIPPING AND TRADING PTE L T D M'U c, v-• b- I w < S NAGATUAH AGENSI SDN BHD THE BORNEO CO (SABAH)LTD PORT KtLA" KAWASAKI423 words
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Advertisement299 1981-06-17 24 St WOOD LINE Bulk Timber and Plywood Service UK/CONTINENT SERVICE Sport PKelang Tg Mara Loadng far: MOUNT RANER Ml 004 23/6 30/6 26/6 NANTES/ROM/ s&ffx m. m 005 ML 006 [SB JOG 30/6 ANT/ROM/UK 25/7 NANTES/ROM/ UK SOUTH AFRICA SERVICE Spore PKelang 1/7 5/7 30/7 3/1 */Durban/Capetown n/Dirtan/Capetown General Agents:Wood299 words
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Advertisement319 1981-06-17 24 STransocean Liners (Pte) Ltd. 1005-1008 10th Floor, Robino House, Shenton Woy, SinQopore 0106 Phw* *****33 Telt*: RS24 139 Representing INTERMARITIME LTD. REGULAR SERVICE TO SOUTH AFRICA MV "SAN PEDRO' Voyoge 25 Singapore P.KELANG Loading for: 10/8 16/8 Durban, Cape Town Agents H.S.H. (M) Sdn Bhd. Port Ketont *****6. *****6 Kuala319 words
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Page 24 Miscellaneous
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Miscellaneous166 1981-06-17 24 Regional Weather V a r A w N VL W A k J > i B WU Ni yj SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c Cj Wind direction with speed in knots Wave height LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed166 words
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