The Business Times, 15 December 1981

Microfilm: NL11423
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 TUESDAY, DECEMBER 15,1181 60 CENTS
    10 words
  • Article
    S'pore Airlines stops its campaign in West Germany
    408 1  -  By AGNES WEE SINGAPORE Airlines has stopped its public relations campaign which was aimed at informing the German public of its role in selling cheap tickets. It has stopped distributing leaflets entitled "Must an airline that makes profits come under suspicion?", to
    408 words
  • Article
    Transport data bank
    162 1 MALAYSIAN Transport Minister Datuk Lee San Choon yesterday called for the setting up of an Asean data bank on transportation and ftirnmimlfHnitf a project which was shelved due to lack of finance and expertise. He made the call to the South-east Asian Agency on Transport and Communication
    162 words
  • Article
    Polish crisis sends US$ and gold up
    532 1  -  By ALVIN TAY THE US dollar rose sharply against major currencies while gold surged in value yesterday as world's financial markets reacted nervously to Poland's political crisis. News that the Polish government had declared martial law over the weekend sent the US unit
    532 words
  • Article
    SRC hydrocracker in the offing
    458 1  -  By LOH HUI YIN THE OIL refining industry seems all set to receive another fillip in the form of a second sophisticated hydrocracker, costing about US|25O million. It looks like it's all systems go for the project at the moment, although the parties involved say
    458 words
  • Article
    SIC to consider appeal of minority owners
    306 1 THE Securities Industry Council (SIC), watchdog of the local equities market, has proved to be fairly sympathetic towards the unhappy minority shareholders of Leong Huat Industries. Following yesterday's meeting between Mr Kok Rar Wing, secretary of SIC, and two minority the SIC special
    306 words
  • BRIEFLY...
    • Article
      Lock icon Reduced borrowings
      76 1 AFP TOKYO, Mon. Two out of every three major Japanese firms reduced borrowings in the first half of the fiscal year 1981 (April 1981- March 1962). The Wako Research Institute reported today that 396 companies, listed on the major section of the Tokyo Stock Exchange, registered a combined
      AFP  -  76 words
    • Article
      Lock icon Cabinet reshuffle
      82 1 Reuter BANGKOK, Mon. Thai Prime Minister Prem Tinsulanonda said today he would reshuffle the cabinet to improve the stability of his government. General Prem did not say when he would make the changes although he was discussing details with the major partners in his coalition government, the Democrat
      Reuter  -  82 words
    • Article
      Lock icon Avoiding bloodshed
      56 1 UPI TOKYO, Mon. Poland told Japan today that martial law is purely a preventive step to avoid possible bloodshed. Polish ambassador Zdzislaw Rurarz officially conveyed this message in a meeting with Deputy Foreign Minister Kensuke Yanagiya. The Polish envoy also said there was no change In Poland's democratisation
      UPI  -  56 words
    • Article
      Lock icon One-China policy
      47 1 Reuter JAKARTA, Mon. Indonesia still pursues a "one- China policy" despite the visit here last week by Nationalist Chinese Premier, Sun Yun-Suan. Foreign Minister Mochtar Kusumaatmaja said the five-day visit was not official and there were no formal talks between Taiwanese and Indonesian officials. Renter
      Reuter  -  47 words
    • Article
      Lock icon Diplomatic missions
      63 1 Reuter KUALA LUMPUR, Mon. Malaysia and Brunei have agreed to open representative offices leading to full diplomatic missions in their respective capitals prior to Brunei's independence from Britain at the end of 1983. Malaysia's Foreign Minister, Tan Sri Ghazali Shafie, said there would eventually be a joint announcement
      Reuter  -  63 words
    • Article
      Lock icon US budget deficit
      65 1 Reuter LONDON, Mon. The US budget deficit will total US$B5 billion to*9o billion in fiscal 1982, and $65 billion to $75 billion in fiscal 1983. Salomon Brothers' managing director, Mr Henry Kaufman told a world banking conference here US government agencies will borrow another $20 billion in
      Reuter  -  65 words
    • Article
      Lock icon Election in Malta
      66 1 UPI MALTA, Moil Prime Minister Dom Mintoffs Labour Party appeared headed for victory over challenger Eddie Fenech-Adami's Nationalist Party today in a hardfought general election that could decide if Malta tilts toward the West or the Soviet Union. Preliminary results from two of Malta's 13 electoral districts
      UPI  -  66 words
  • Article
    Market uses crisis as excuse for correction
    157 1 anOns* Iks Straits Tlms MasMais Is Kil, It was the large* fefl mwM en a day*» tradtag In II Vslsms, hswever, was reistlvely lew and one tend impisHlss sf ihiVs X" Impact en the leeal sleek fact that lis everheaijtt felt 1 that
    157 words
  • Article
    Lee outlines the danger of having opposition
    637 1  -  By LILLIAN CHEW THE Prime Minister has issued a stern warning to the younger generation on the dangers of having an opposition in Parliament. In a sub-topic entitled "Younger Generation Must Learn the Costs of Politics of Opposition", Mr Lee painted a somewhat
    637 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      238 1 For more details: DEKON PTE LTD Tel: *****55 \m\mi INCHCAPE Berhad is expected to resume talks on increasing bumiputras' stake in the company Page 14 BANK of America will become the 10th major bank to lower its prime lending rate when it begins quoting its best customers 12 per cent
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    • Advertisement
      Page 1 Advertisements Column 2
      35 1 FRATA 7 J FRATA NEWS ?o a\V our \rasuls and supporters. FROM THE DIRECTORS AND STAFF OF FRATA SHIPPING PTE. LTD. Suite 801,8 th Floor, World Trade Centre, Maritime Square, Singapore 0409 Telephone: *****04 'hih
      35 words
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      Page 1 Advertisements Column 3
      231 1 The Straits Companies Tj™,. Activrtips Aime2> Key Personnel,' DIRECTORY Agencies Of Singapore (Buku Merah) Europe and beyond? Fly via Amsterdam Why Amsterdam? Amsterdam international airport is your unique gateway to Europe and the Americas; with an extensive range of KLM connections covering all the major European centres and no less
      231 words
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  • BANKING AND FINANCE
    • Article
      Prime rate now down to 12.17pc
      422 2  -  By ALVIN TAY BANK of America will become the 10th ma)or bank to lower its prime lending rate when it begins quoting its best customers 12 per cent for loans today. The 0.75 percentage point cut puts it on par with Citibank and rihiw
      422 words
    • Article
      Lock icon Bonn extends Berlin credit by six months
      270 2 Reuter WEST GERMANY has agreed to extend an interest-tree credit to Germany for six months beyond the expiry of the current arrangement at the end of this month. It is believed that the agreement was reached during talks betweeu West German Economics Minister
      Reuter  -  270 words
    • Article
      Lock icon Approval for futures equity listing
      109 2 Reuter TIB Tereate Stack Exchange has spprinl a pripissl trsao aa tntoensl ni—Htw to sat ap a totores eqafty ewrtraet to he kei. ne proposal will be seat tojthejtalMts Secnrtttos The contract will be tor the fatore sf eyrtty ttejwsiths af Mawh^Jaae, It win eal
      Reuter  -  109 words
    • Article
      Lock icon UK interest rates expected to go up
      318 3 Reuter INTEREST rates la the UK an expected to wuh itoer apward pressare this week heeaase «f aa aattdpated large meaey market Several aaalyste expect a ahertage tf at least £1 bilItoa this week. The aawladlag af £Stl mtlltoa la Baak af Eaglaad
      Reuter  -  318 words
    • Article
      Lock icon US seasonal pressures may delay falls in rates
      832 3 Reuter SEASONAL pressures on money markets may delay a further drop in US interest rates until after the new year. A move to lower interest rates may also be inhibited by the Federal Reserve, which has probably decided to postpone a further
      Reuter  -  832 words
    • Article
      Lock icon LOANS
      167 3 Agencies THE US Export-Import Bank and Chase Manhattan Bank NA are providing a U5532.5 million term export credit facility to the Bank of China. The loan will be used by the China Machine Building International Corp and the China National Electric Equipment Corp for the import of Westinghouse turbine
      Agencies  -  167 words
    • Article
      Main creditors of Third World
      722 3 COMMERCIAL banks will continue to be the main suppliers of external finance to the less developed countries (LDCs) in the 1960b. Though lenders may become choosier and lending increasingly restricted by constraints such as credit risks, profitability and capital adequacy ratios, no radical turnaround from
      722 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        461 2 THE US dollar opened strongei against all major currendes on the local foreign exchange market yesterday in view of the Polish government crackdown. Against the Singapore dollar, the US unit opened at 2.0600/50. It fluctuated within a wide range of 2.0510 to 2.0700 before at 2.0680/70. Oar rnosth
        461 words
      • Article
        Gold
        228 2 SINGAPORE gold futures yesterday dosed generally firmer compared with last Friday's close after fluctuating throughout the day in thin and nervous traading. Prices were marked up sharply by between U5512.50 and $13.50 an ounce at the outset boosted by news the Polish government declared martial law and thereafter fluctuated
        228 words
      • Article
        Silver quotes
        33 2 New York 8 488 8 388 8.55S SfiS Zurich 8-57B 8.37B 8.67S «.«7S Mm M Singapore (JOB 8.35B s as uts Oortacprfc in US dollari troy ouao Source: Credit Suisse, S'pore.
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      • Article
        London
        87 2 THE dollar in London yesterday slipped from its early levels at the opening, but was still well above Friday's close after the declaration of a state of emergency in Poland over the weekend. Profit-taking and a slight easing in Eurodollar deposit rates from their initial firm levels pushed the
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      • Article
        PLR
        22 2 THE average rate at which major Singapore bank* are carreatly prepared to lead to their beat customers is 12.17 per cent.
        22 words
      • Article
        ASIAN $ RATES
        163 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Dec 14: US MmIIHU Offer 111 7«Ujr» 12* 12* 1 month 13* is* 2 month* IS* 12* 3 month* 14* 14 6 month* 14* 14* month* 14* 14* 12 month* 1411/1414 S/l< fcJw. Dm 1 month 2 month* months
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      • Article
        Discount
        45 2 RANGE at prices And bar 41sCOMM INM OK M: Ovanrigtat: S% to 4U« Call deposits: W to 4H% CUf M«Mhc 5-month Treasury Mils 3* S V month Bank bUls 7* 7* 3 months CD 7H 7* months CD W a* Source: National Discount Co
        45 words
      • Article
        TOKYO
        97 2 THE US dollar for overnight delivery in Tokyo yesterday closed at 222.70 yen after a 223.00 opening. This was sharply higher than Its 219.55/75 ffntahboth in New York and on the US West Coast and a 218.« closing In Tokyo on FYlday. Trading was active with a volume of
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      • Article
        HONGKONG
        107 2 THE US dollar In Hongkong yesterday ruled higher against all major currencies in late foreign exchange trading after paring early gains at midday. i Sterling ruled lower at SLMTO/X versus 1.8500/50 at midday but above 1.8350/ 8460 earlier, and compared with 1.8680/8600 on Friday in New York. The Hongkong
        107 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      203 2 AtcnaUl^sh'Sl Gentlemen, it's now the season to give yourself a shoe gift from Marelli At very special Christmas prices.' Renowned for its superb craftsmanship and supple quality leather. Marelli shoes keep its good looks, colour, texturp and finish alwavs So come down quick cos' this is the last sale for
      203 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      399 3 ■L<, <wr> The 2.8 litre, four-door Brougham is ivaiiabie in five beautiful colour* New Nissan Brougham The first luxury car with brains as well as beauty There is no OHQPQHjft IPS mistaking this VHHBHMnI luxury car. The jfi new Nissan Brougham in- J troduoes a new era, designed for the
      399 words
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  • TRADE AND INDUSTRY
    • Article
      Civil service to have quality control circles
      480 4  -  By BERNADETTE CHOOI WORK Improvement Teams (WITS) in the civil service is here to stay. It is not just a fad or another campaign to be launched and then forgotten. This is because employees here are seeking, and will continue to seek, self-expres-sion,
      480 words
    • Article, Illustration
      Revolutionary gearbox
      122 4 AN AUSTRALIAN has invented a variable ratio transmission that by the end of the 1980s may have made obsolete most conventional gear systems now in use. Mr Eric Willmot (akave), 45, a Queenslander of Aboriginal descent, won the Australian Inventor of the Year Award for his gearbox invention,
      122 words
    • Article
      VITB to hold car inspection courses
      179 4 A SECOND aeries of motor vehicle Inspection courses will be launched by the Vocational and Industrial Training Board next month. VITB is holding the course in conjunction with the Singapore Motor Wortshop Association, the Motor Traders' Association, the Automotive Association of Singapore and the
      179 words
    • Article
      Science Council to help with statistical data
      276 4 POLICY makers can continue to rely on the Science Council for basic statistical information to help them in their decision-making procThe Council will continue to give more attention to its science statistics and indicators programme which helps to identify needs, compare trends and
      276 words
    • Article
      Means of escape from fire
      257 4 A SPECIALLY-made woollen blanket called the waterjel fire blanket, to be introduced to the market soon, will provide a meant of escape for people trapped by flames. This unique life-saving blanket is saturated with a water-based Jel which prevents fire from spreading and allows fire-fighters
      257 words
    • Article
      MEMO PAD
      899 4 BEMINABB AND COUBBEB Dec 2-23: Data Processing »nd Management Information Systems, Cuppage Centre, NPB Dec 2-23: Industrial Relations and Collective Agreements, Cuppage Centre, NPB Dec 2-17: Computer Data Processing, Cuppage Centre, NPB Dec 7-23: Building Construction Safety for Supervisors, Cuppage Centre, NPB Dec 28-Jan 20: Financial Planning for
      899 words
    • Article
      Additional facilities for SRC to increase bitumen production
      241 5 BITUMEN production at the Singapore Refining Company (SRC) will increase substantially when additional facilities costing US$2 million are installed by mid--1982. SRC expects to produce an average of 2,000 tonnes of bitumen a day with them, depending on whether light or heavy
      241 words
    • Article
      Education for youths
      60 5 THE Vocational and Industrial Training Board is organising a national workshop on Work-Oriented Education (or youths. The workshop is under the Asean-Australian Development Education Project funded by the Australian government. About 100 officers from industrial training centres, statutory boards and the VTTB will be attending the workshop
      60 words
    • Article
      Eight to take part in Cologne Fair
      257 5  -  By RICHARD SEAH EIGHT local furniture companies will be t»iring part in next year's Cologne International Furniture Fair to be held between Jan 19 and 24. This will be the second time Singapore is participating in the fair. The first,held last year, was
      257 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      177 5 ISETAN (Singapore) Ltd has promoted Mr FHadiwi Taa to personnel manager and Mr Oag Tat Lesag to accounts manager. Mr Tan Joined Isetan in January 1972 as a merchandise executive in the ladies wear department and in 1975 was promoted to assistant merchandise manager in charge of
      177 words
    • Article
      CommunicAsia's success
      188 5 TWO Australian companies have reported encouraging response at CommunicAsia '81, the second Asian international electronic communications show at the World Trade Centre. EF Australasia, lightning protection equipment manufacturers and consultants, attracted many serious inquiries at its display, said Mr Barry Buckley, the marketing director. He added: "We had
      188 words
    • Article
      Call to promote higher worker output
      235 5 BESIDES helping Ike mM*toaate aai Ike aged, Betartaas eaa aarist Ike aattoa by prwMttog higher predaettvity. They eaa da sa by seleetiag "predsetivity" aa Ike theme tar their Mary year aad eeaveylag Ike saaw aMHaaaaoMßsate. Making thta call at the Qamastiwa Salary Clab taaek
      235 words
    • Article, Illustration
      Chinese team to study bilateral trade
      272 5  -  By WANG LOOK KEAH AN ELEVEN-member Chinese delegation arrived here yesterday to explore ways of expanding bilateral trade. The team of top Chinese government officials, led by the deputy chief of the Export Bureau of the Ministry of Foreign Trade, Mr Yu Bingxi, is
      272 words
    • Article
      TRADE TALK
      477 5 MORE than 100 exhibitor? will participate in the Discount Fair m to be held at the World Trade Centre from Dec 15 to 20. The exhibitors will display a wide range of consumer and household items, comprising 500 international and local brand names. This third Discount Pair is
      477 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      157 4 *Jy .A A *r > V ■';•*'•s<■•**• "But I thought haSfctii* f _4 v -4f *v* 4. 1 u It happens all the time. Verbal instructions are misunderstood, and you don't get what you wanted. Worse still, there are delays and delays cost money. So what can you do about
      157 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      391 5 FOR RENT: AN OFFICE, A STAFF, AN IMAGE. Now you can have instant office space with supporting services befitting a modern business in Singapore. If you are setting up a business and want to avoid the often-troublesome 8c expensive tasks of signing a long-term lease, furnishing an office, buying or
      391 words
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      Page 5 Advertisements Column 2
      2 5 Leader...page 8
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      Page 5 Advertisements Column 3
      21 5 iht mos! hcusimdntnu< injt\.'tlJn is surd) llit ///os/ InnsiiKfl ntul u <\ 'altlit tmd h'jJ/l/ /s. I 'ill' < tl'i'l Van( "led &Arpels
      21 words
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  • OVERSEAS
    • Article
      Lock icon Secret US plan for Gulf region
      370 6 AP THE UNITED States has developed a secret plan to invade the oil region of southern Iran and other Middle East countries to protect oil and security interests in the event of a Soviet advance. The Sunday Times of London said that the strategy
      AP  -  370 words
    • Article
      Lock icon Saudi oil revenues up 75pc last year
      158 6 Reuter SAUDI Arabia's oil revenues jumped 75 per cent from US$48 billion hi 1979 to an estimated $85 billion last year as production and prices increased, the Saudi Central Bank said. Saudi Arabia, the world's largest exporter, was the only member of Opec
      Reuter  -  158 words
    • Article
      Lock icon No success at Japan-Iran project talks
      303 6 Reuter JAPANESE and Iranian officials ended lengthy talks on a huge Joint petrochemical venture on Sunday without reaching agreement on how to proceed with the project. Mr Karoku Yamaguchi, president of the Tokyo-based Iran Chemical Development Co, declined comment on his meetings with the
      Reuter  -  303 words
    • Article
      Lock icon Strikes reported at a number of Polish factories
      759 6 Reuter POLISH workers were reported to have begun occupation strikes in at least three big plants in the Warsaw area yesterday and others stayed at home as factories reopened after imposition of martial law. Activists of the Solidarity free trade union outside
      Reuter  -  759 words
    • Article
      Lock icon Bankers to meet on Poland
      299 6 Reuter WESTERN bankers, on the verge of signing a complex agreement to reschedule US$2.4 billion of Poland's commercial debt, are expected to hold an emergency meeting early this week to discuss the latest developments in Poland. The 19-bank "task force" which has been handling negotiations
      Reuter  -  299 words
    • Article
      Lock icon US will not give anti-Viet forces military support
      211 6 AFP THE UNITED States would continue to give "moral and political support" to the anti-Vietnamese resists nee forces in Kampuchea, US Deputy Asristant Secretary of State {or East Asian and Pacific Affairs. Mr Daniel O'Donohue, said in Kuala Lumpur yesterday. However, the
      AFP  -  211 words
    • Article
      Lock icon Ghazali issues warning against 'third farce'
      207 6 MTP MALAYSIA has maintained that unless the third force in Kampuchea is adequately armed and strengthened, it win become a "third farce". Foreign Affairs Minister Tan Sri Quail Shafle said that to enable the "Son Sann-Sthanouk" force to stand on par with Khmer Rouge
      MTP  -  207 words
    • Article
      Lock icon Mobil employees in Libya fly home
      174 6 UPI NEARLY 70 Mobil oil executives and their families reluctantly Dew home yesterday, sent on their way with bouquets of red and white carnatkios handed out by what one evacuee called "the fine people of Libya". Mobil's Libyan president, Doyle Marrs, said 67 employees
      UPI  -  174 words
    • Article
      Lock icon UK has little chance of achieving EEC goals
      457 6 Reuter BRITAIN ends its six-month presidency of the European Economic Community this week with slim chances of meeting any of the ambitious goals it set itself in July. British Foreign Secretary Lxvd Carrington is matHng a final effort for agreement on long-term
      Reuter  -  457 words
    • Article
      Lock icon ISRAEL ANNEXES GOLAN
      96 6 AFP ISRAEL has effectively annexed the Golan Heights, the rder u r ith SyrUi occupied'in 5S ®L ""urgency meeting the cabinet voted to apply Israeli lawtoS uolan Heights, seen as tantamount to annexation of-fee territory, Israeli Radio said. Prime Minister Menachem Begin was expected later in theday
      AFP  -  96 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      712 6 ARRIVALS Service Local Operator Number Time Proa AI AJ412 003C I BOM PAA PA005 0150 1 JFK/SPO/AHA/HKG MAS MH601 0630 1 KUL SIA SQ101 0815 i KUL MAS MH8U 0815 PEN MAS MH671 0845 KUL AI AI416 0910 BOM/MAA/KUL RBA BI427 0925 BWN MAS MHOO 0940 BKI/MYY/KCH
      712 words
    • Article
      Lock icon Decreased car exports cause of Japan's trade deficit
      291 6 AFP JAPAN suffered its first trade deficit la II msatl» la November, dse largely ta decreased ear experts to the United States aad the Earepeaa Ceaunea Market. the esaatry*a Navember experts were ip U per eeat from a year aga at UBIII,«1
      AFP  -  291 words
    • Article
      Lock icon Effect of Jakarta's new trade policy
      174 7 AFP THE Indonesian government's new foreign trade policy, aimed at boosting the country's declining revenues from non-oil exports, should not cause a sharp increase in the prices of im- ported goods. The chairman of the Indonesian National Importers' Association (Ginsi), Zahri Achmad, said on
      AFP  -  174 words
    • Article
      Lock icon Paris adopts new economic programme
      108 7 AP ->A NEW economic plan "aimed at pulling France out at its recession and breaking the back on unemployment has been passed by the National Assembly. The two-year plan for IJB2-83, presented by Planning Minister Michel Rocard jaa Sunday, fixes six major r- objectives: a
      AP  -  108 words
    • Article
      Lock icon Don't overplay Libyan issue, senator urges
      588 7 Reuter, AP SENATOR Charles Percy, chairman of the Foreign Relations Committee said the US Administration might have overdone the issue of reported Libyan assassination squads planning to kill President Reagan and other senior US officials. He said the US Congress and the press had
      Reuter,; AP  -  588 words
    • Article
      Lock icon Capitalism in trade zones
      321 7 AP THE economic activity in China's special antes for foreign investors will be largely capitalist, but the idea is "making foreign capital serve China's socialist modernisation drive". In an article in the English-language Peking Review on Sunday, Xu Dixin, vice president of the Chinese Academy of
      AP  -  321 words
    • Article
      Lock icon TAIWAN PROBLEM
      91 7 AP QIINA'S United Front Organisation called yesterday for the return of Taiwan and declared that (Thin* any outside interference in the Taiwan problem, an apparent reference to US arms sales. ts ck*ing session, it adopted a resolution saying: "The Qunese people firmly oppose any actions which Interfere in
      AP  -  91 words
    • Article
      Lock icon DECLINE IN NISSAN AND TOYOTA EXPORTS
      131 7 AFP THE TWO Mfv rnr onNkm Tayata sad Niesaa hare mhiwi a expMia to Mto Kmalti, efetofly beniM tfce^yM^iplMi experts last mm l«rls«l 8.4 per mat frees fear eartter to 11 jm alto, wklle Nlsaaa's ill» Beats sagged Sft.l per Mat to U^tf. TMr
      AFP  -  131 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      247 6 This rare 27-year old Annagnac SEMPE in the Baccarat decaqfer costs $950. And it's accompanied by a valuable gift of three miniature crowns worth $120 and a magnificent silk scarf from Hermfcs. The Decanter is rare. The Annagnac even rarer. The vintage of 1944, matured to perfection, this exceptional Annagnac
      247 words
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      Page 6 Advertisements Column 2
      0 6 =+/!\|}")/!(%"'_!+$-[=,{)(^*</*
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      87 7 »>...« J T «c Jk 1 4T ft .H. W« r«*~v« itw n*t 10 rapUc* Mm with an tern 4 •qua! or ycacr »«kM acconkna to «ock mW*v M:S4S-lXX2(7lines) The Mmber to rin§ «the number you can ainf? no* flo- rt. »rxi h«pm »E sort, 506. Ka.oog Shoppy Centre. Mountbrften
      87 words
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  • Article
    Outgrowing the need for help
    413 8 EVERYONE hates the dole, until he's on it. This is the truism the Prime Minister was pointing to in his analysis of his party's loss of the Anson constituency. "Subsidies on consumption are wrong and ruinous," he said. This is no exaggeration. The experience of
    413 words
  • Article
    Rescheduling debts the only hope
    256 8 FLASHES OF the Russian invasion of Czechoslovakia will inevitably come to mind with the news that martial law has been imposed in Poland. International tension has escalated overnight. The pot which has been simmering for a long time now threatens to boil over, engulfing more
    256 words
  • Article
    Lock icon PHILIPS EMBARKS ON RADICAL THERAPY
    1350 8  -  Electrical and electronics companies in Europe r :f. c,n 9 hard times. Recession is dragging at Uaditional markets and productivity has fallen. West Germany's Siemens suffered a 21 per e en^? dr °P n the financial year ended Sep 30. AEG-Telefunken lost $284.5 million last
    NYT  -  1,350 words
  • Article
    Lock icon Libya won't be affected
    849 8  -  By ROBERT BURNS AP FOR the American oil companies pumping and searching for oil in Libya, controversy and crisis have been frequent companions in the two decades since Exxon Corporation made the first discovery in that North African nation. So the Reagan Administration's request last Thursday
    AP  -  849 words
  • Article
    Less noise, more action
    789 8  -  FORUM with FLORA LEWIS SCARCELY anyone doubts that Colonel Gaddafi of Libya is a sly, unscrupulous man. His ambition is as vast as his oil money, and be has as little means of achieving it as he people to spend the money on. His hero is
    789 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      619 8 -11-OIE CROSSWORD CRYPTIC PUZZLE ACBOBB 1 Herb's tisteful associate (5) 6 Pipe-smoker's cough mixture container? (S) 9 Golf-club ready for the imr hrsrt* (3. 4) 10 Is it very hard on Dtdk? (5) 11 Sounds catty (5) 13 Letters to Gus from a new*>aper (5) 13 Anybody making a contribution
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    • Miscellaneous
      Page 8 Miscellaneous Column 2
      19 8 l spot Puces NTttfeST HP*\£. cHANGe or sce>4e. wpimc < fund of stores to tell CHCQUiMG out Sun Tiroc TomoCßou)
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    • Miscellaneous
      Page 8 Miscellaneous Column 3
      537 8 Ml IMltl SINGAPORE 5 3.00 PM Opening folowed by The Young And The Restless 3.30 ScintSatmg Stars (r) 425 Diary Of Events (English) 4.30 Afternoon Matinee Tomahawk 5.50 The Chuckle Head 6.15 News (English) 6.25 The Al New Popeye Show 6.55 Cußiral Diary (English) 7.00 Man Memasak 7.30 News, Prime
      537 words
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  • Article, Illustration
    Lock icon Communism fails to deliver the goods
    1498 9  -  The Polish communist party's dogma that the country is a workers' state in which the quality of life is gradually improving has been judged a sham. A new generation, not devastated by the war and not crippled by the terrors of Stalinism, has emerged.
    NYT  -  1,498 words
  • Article
    Lock icon Costa Rica in financial straits
    222 9 NYT COSTA RICA, long considered a model of political stability sad social welfare, has become a case study of bow unfavourable commodity prices abroad and mismanagement at bome can turn an affluent economy into a financial debacle. Bankers agree that Costa Rica's financial snarl Is
    NYT  -  222 words
  • Article
    Lock icon WEALTH AND PRIVILEGE IN POLAND
    862 9 NYT ABOUT 12 kilometres south at Warsaw, in a little village called Dabrowka Wilanowska, there is a Polish millionaire. He owns several greenhouses, which raise flowers to sell in downtown Warsaw, a (ox farm, a mink farm and more than one house. Everybody in the
    NYT  -  862 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      46 9 This announcement appears as a matter of record only NEW ISSUE. DECEMBER 1981 THE SUMITOMO TRUST BANKING CO., LTD. (SINGAPORE BRANCH) U5520,000,000 Negotiable Floating Rate U.S. Dollar Certificates of Deposit Due 17 December 1985 Managed by DBS-DAIWA SECURITIES INTERNATIONAL LIMITED THE SUMITOMO TRUST FINANCE (H.K.) LIMITED
      46 words
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      Page 9 Advertisements Column 2
      200 9 KMMMg Choice i ww*;™ Diesel Engines I I I II I mi: 11 > i SISS Mriu 500 600 HP 56 74 HP I 5165 sarin 550 HP 1400 1600 HP i r-t v YSM uriu 5 10 HP i i YAMMAH YAMMAR YAMMAR YAM MAR YAM MAR YAMMAR YAMMAR
      200 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Bulldog of oil industry
      741 10 NYT MOBIL Corporation has built a reputation as the bulldog at the oil industry, plunging headlong into fights that other companies would prefer to avoid. The latest evidence supporting this reputation is its v stated intent to buy as much as a quarter of the stock
      NYT  -  741 words
    • Article
      Lock icon AEG to lose 650m marks
      120 10 Reuter AEG-Telefunken, West Germany's second-largest electrical firm, will low 650 million deutschmarks this year despite breaking even on paper, company chairman Heinz Duerr aid. Restructuring operations this year cost 350 million marks, and about 9,000 of the company's 136,000 worldwide workforce lost their Jobs. But
      Reuter  -  120 words
    • Article
      Lock icon Daimler-Benz to raise domestic car prices
      416 10 Reuter DAIMLER-BENZ AG will raise domestic car prices by 2 7 per cent from Jan 4 because of higher raw material costs, particularly steel. A Volkswagen werk AG spokesman would neither confirm nor deny that VW would follow Daimler's lead. A Bayerische Motorenwerke AG
      Reuter  -  416 words
    • Article
      Lock icon HOESCH AG MAY BREAK EVEN
      125 10 Reuter ESTEL-HOESCH AG. the West German arm of the Dutch-German Estel group, said it may break even in early 1982. A company spokesman said losses in the current year may exceed those of 1980, when the German side of Estel accounted far about two-thirds of
      Reuter  -  125 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      235 10 "The American Express Card serves you well, wherever good food is served". here to vvine.cline V dII Getaway to Sentosa with family and friends 4 Cost only HALF AS MUCH if you're residing in Singapore It's easy. Just book our chalet units, and enjoy a 50% discount. Offer applies MONDAY
      235 words
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      Page 10 Advertisements Column 2
      81 10 F<>r lunch ft n tl:nnt'r For a richli reicarditiij t'xpcrk'tuv F' -r »n» 7 O" >, J W H' (ri iUir\ I'ill k Sin riiliiii ■Si i i| m hi* NUTMEGS HYATT REG&CVO9NGMOS ft Canto Modal Agancy Mngtowu TUESDAY FASHION OCCLUSIVES Showtime: 1 2 p.m. FUbw oc« *****11 2110 lor
      81 words
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      Page 10 Advertisements Column 3
      127 10 J Ycri) A Merlin Oil Speciality From Mongolia comes a barbecue more succulent, more delicious than any barbecue you have ever tried before Only at the Singapore Merlin Lunch from 12 noon 2.30 pm at $15.00 per head Dinner from 700 pm 11.00 pm at $19.00 per head Both charges
      127 words
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      Page 10 Advertisements Column 4
      126 10 When you dine, dine Cantonese. 3 n o If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set for an
      126 words
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      Page 10 Advertisements Column 5
      144 10 +;]=~=_&^`](^:{``!~,+"=*[`>,`,] W, V T u. i The Dragon Palace Restaurant« where you can dine m regal splendour end feast on splendid dishes fit for a King. Spacious enough to accommodate 450 people in comfort Dragon Palace Restaurant also caters to the cosy twosome! 1 Ox ley RiaefPenang Hoed. Singapore 0883
      144 words
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  • RAW MATERIALS
    • Article
      RUBBER
      226 11 RUBBER prices in Singapore yesterday closed with December One RSS quoted at 185.5 cents per kilo, up 0.5 cent from last FYiday's close. Afternoon prices were quiet and featureless in thin trading conditions. In Knala Limpir, the Malaysian rubber market closed slightly higher at 205.50 cents per kilo, up
      226 words
    • Article
      RAS PRICES
      300 11 RAS prices in cents per kilo yesterday Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. MOJO 181.50N Int. X R.S.S. January 186.00 117.00 Int. 1 R.S.S. February 132.00 193.00 Int. 2 R.S.S. 171.00 173.00N UK/Coat 170.00 172.00N Int. 3 R.S.S. 167 00 189 00N UK/Coot 166
      300 words
    • Article
      SSR and SMR
      109 11 NOON SSI R aad SMR priea* ym urdajr IAS inun re»r*mry (Forward Mtk) (Cai-real Rmyara f 163.50 158.80 t Mtk) SSR JO SSR50 (I-toa poliat) 11 too pallet) Mbn 16S.50N 161 JON Bayara *****0 161.50 167 JON 163J0N SMRCV SMRL SMR 5 SMRGP SMR 10 SMR 10
      109 words
    • Article
      Straits Tin
      86 11 THE STRAITS tti price in Penang yesterday Ml six cents te M 555.29 a idle after easing right cents SB Sfttardfty, te move further dewn in the ITC upper range ri $34.98 nnd $37.89. Sterling's weakness ftgalnst Malaysian dollar was the main facter behind the fall bet this
      86 words
    • Article
      CLOSING PRICES
      34 11 Rubber: Dec 14 Singapore: Joa: 185.50 cents (up 0.50 cent) Malaysia: Jan: 205.50 cents (up 1.00 cent) Tin: M 535.20 per kilo (down 6 cents) Official offering: 180 tonnes (down 11 tonnes)
      34 words
    • Article
      Lock icon Traders seek Soviet grain orders
      123 11 AFP THREE giant Japanese trading houses are actively seeking orders from the Soviet Union for grains to make up for a slowdown in their exports to other countries. Grain sales executives from Mitsubishi, Mitsui and Marubeni are in Moscow on the mission, although the Soviet
      AFP  -  123 words
    • Article
      LONDON MARKETS
      755 11 COFFEE: Robusta futures yesterday extended initial gains and hy midday values were £25 to £19 higher across the board. However volume remained fairly light at 1,060 lots including 68 options and 136 cross trades. Dealers said the market initially failed to match limit gains in New York on
      755 words
    • Article
      PALM OIL
      61 11 THE Kuala Lumpur palm oil market yesterday ruled steady in very quiet trading. In December, south was traded Mss higher at $880 a tonne and in January, central also rose $5 to $880. The refined market was featureless on lack of overseas interest. C.I.F. North European ports, in
      61 words
    • Article
      Lock icon Malaysia palm oil output
      90 11 Reuter MALAYSIA will produce an estimated 2.9 million tonnes of palm oil next year, up from 2.7 million tonnes this year, Judith Goldich, an Agriculture Department economist in the Foreign Agricultural Service, forecast. In this month's issue of Foreign Agriculture magazine, she estimated Malaysia's palm oil
      Reuter  -  90 words
    • Article
      Lock icon Krugerrand coin sales likely to advance
      615 11 Reuter KRUGERRAND sales are expected to advance substantially over the next couple of years, causing a corresponding fall in availability of South African gold output far bullion markets. Intergold chief executive Don Mackay-Coghill said it would not be surprising to see sales reach 1978's
      Reuter  -  615 words
    • Article
      Produce exchange
      159 11 CHINESE Pnfcei Exchange, per'lM kg'yvlfertay. Ciiii—t ail: Bulk fob $108.00 sellers, old drum (in second hand drum) fob $122.00 sellers, new drum fob $126.00 sellers. Copra: Mixed (loose) 159.50 buyers. Pepper: Muntok white pepper fob AsU NLW 1370.00 sellers, Sarawak white pepper faq fob NLW $MS.QO sellers, Sarawak
      159 words
    • Article
      TEXTILES
      196 11 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cottsa yan: China Blue Phoenix 20a 2,530 32s 3,160, 40a 3,330 (per bale of 400 lbs). Ptoee gaada: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      196 words
    • Article
      RICE
      321 11 SINGAPORE: Yesterdays closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.08, 100 per cent third class 1.05, 35 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.73, Special
      321 words
    • Article
      Tin producers lash out at US explanations
      1029 11 AS PRODUCER countries brace themselves to face the crunch of possible US tin sales from the GSA stockpile this week, industry circles in Malaysia scoffed at US explanations Justifying their action and doubted their promise not to disrupt the world tin market. They
      1,029 words
    • Article
      Lock icon New markets for Thai tapioca
      69 11 Reuter THE THAI government is to seek new markets for its tapioca, Thailand's second biggest foreign exchange earner. At the moment, the industry is made up of separate sectors acting in their own interests, lacking direction, (wHhuHm and discipline. Thailand is facing export limitations from
      Reuter  -  69 words
    • Article
      Lock icon USDA's crop estimates
      288 11 Reuter THE US Agriculture Department forecast 1981/82 world grain output at 1,626.0 million tonnes compared with 1,(217 million forecast last month and 1,561.0 million harvested in 1980/81. Its world crop production report said upward revisions hsve been made in forecasts for Australia, China and Thailand while estimates
      Reuter  -  288 words
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      Page 11 Advertisements Column 1
      107 11 -Vrf iJ.I I "1! '<111 »h|. Ml, •'•I i r r i r*. r. E m t to 11 I V v If c f I I *1 r i A r V f 1' > ifc I, «Yt mak* ■it St.) Tll k step wito )pr»v-nt a;r 2 p?;
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1671 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 Acata (1968) (1)
    1,671 words
  • Article
    Unit trusts
    183 12 ■NGAPOBB UNIT IBt m DIAMOND 1801 BTOBJ B The Commerce tar Dw 11) (Mi—|M»" prteaa tar Dm U) 121 117 Diamond The Saving* Fund IM LIT Spore Fd (US) 0 80 0.85 S'pore Prog Fund 13$ L48 LM S pore Sec Fund 111 ia (Nov) (today) S'pore Invent
    183 words
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    SHARE INFORMATION SERVICE
    2779 12 IMI High Low Coatpaay Last Sale orGr's Div Div C*rr Gr's Yld Net P/E Vol (•000) Day High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 404 115 380 312 430 200 410 532* 075 430 248 115 130 190 308 75 380 220 322 231 Acma Alcorn Allied
    2,779 words
  • Article
    In Kuala Lumpur
    1759 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 INMSIBIALA 7 AMMM(SSB) AMm (1-MB I CS) (l) 13* (i) i s
    1,759 words
  • Article
    COMPANY MEETINGS
    71 12 SUPREME CwptnttN Berhad: 53rd AGM to be held at 20th Floor, Wisma Supreme, Jalan Punchak, Kuala Lumpur oo Dec IS at 11.30 am. SUPREME Plaatatlaa Madrict BertM: Fifteenth AGM to be held at 20th Floor, Wisma Supreme, Jalan Punchak, Kuala Lumpur on Dec 15 at 10.30 am. MALAYA
    71 words
  • Article
    Polish crisis brings prices down
    692 12 AFTER tis scifa sf iseef. tataty, share prices fell sharply yesterday ta reT»—' to the palHteal ertote ta Petaad. News that the Peitok aathertttoa had maaatod Its biggest «Mfcten ea the Solidarity* trade aalaa sparked aff eaaeera ahaat the raarifleattoas tor Soviet aad U8 retattoas.
    692 words
  • Article
    Widespread falls in KL
    602 12 SHARE prices retreated across the board as an extremely weak sentiment settled on the market which started quietly and cautiously. Turnover was below the five million level. Conditions deteriorated further in the afternoon session on rampant selling and a wide selection of counters suffered double-digit losses.
    602 words
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  • COMPANY NEWS
    • Article
      Interest on special developments
      486 13  -  Market Talk... By KOH TSE YING WHILE the local stock market may continue to respond positively to lower prime rates and easier liquidity, interest is likely to focus on the implications of special developments on specific sectors, says Sua Hung Ktd Securities. The Hongkong broking firm's
      486 words
    • Article
      RESULTS DUE
      242 13 Cempaay J Cement Chin Teck Int Wood K KUMW H Leong Credit Selangor Dredg K L Kepong Berjaya Kawat Utd Malacca H Royal rcnffl i F I I F I F I I F Date tact year 20/11 22/11 28/11 3/12 10/12 10/12 11/12 15/12 15/12 18/12 Lai
      242 words
    • Article
      DIVIDENDS ANNOUNCED
      515 13 Carnal Kx Beaks Dale TMal far TMal (ar Payneat Date daaa PayaMe the year Fterlaaa y Aleaa 2.5%I Nov 30 Dec 10 Dec 17 2.5% 4.8%(a) AMOK 7% Jan 4 Jan 9 Jan 18 7% 4%TE 20% Nov 18 Nov 28 Jan 6 30% 26% CCM 5%I Sep
      515 words
    • Article
      SCRIP ISSUES
      215 13 Company Particulars Ex Date Books Close WMBMP Proposed rights issue o(2 fori BUiayawate 0 11.00 per share Proposed bonus issue NYA NYA o*l for 2 NYA NYA Rights issue of 1 for 2 <g 1140 per share NYA NYA Mrtkn Bonus issue of 2 for 1 Dec 17
      215 words
    • Article
      Gilani Jute gets new team of directors
      412 13 THINGS appear to be stirring at last for long suspended Gilani Jute and Textile Mills (M). The company now has a new management team at the helm. According to Gilani in its latest annual report, Mr Tan Guan Siong (former chairman) and Seah
      412 words
    • Article
      Sea View turns in pre-tax of $4m
      575 13  -  By MAUORENE NITHIANANDUM SEA View Hotel Ltd has finally been able to absorb fully its accumulated tax losses during its financial year ended June 30,1981. The company, clearly on the road to recovery, turned in pre-tax profits of $4 million and, after providing
      575 words
    • Article
      LATEST RESULT
      98 13 IN THE face of sharply reduced profits and bleak prospects, Eaala Issspar fin neMs BM has decided to cease mining operations from Dec 17. This was disclosed yesterday in the company's interim report for the year ending Mar 31,1982. For the first half of the year, the company's
      98 words
    • Article
      COMPANY BRIEFS
      701 13 THE shares of Tlamh 1stgat BM (TLB) will be listed for trading on the KLSE tomorrow. The exchange said TLB's 8.554 million ordinary shares of MSI each will be listed under the "tins" section on an "immediate delivery basis." The listing of TLB will accord a market valuation
      701 words
    • Article
      PMRI doubles interim pre-tax to $6.6 million
      350 13 PAN Malaysia Rubber Industries, one of the companies in the Khoo Kay Peng stable, has chalked up pre-tax profits of M 56.614 million at half time, more than double the previous interim of $3,054 million. The parent company received $9,144 million in dividends
      350 words
  • ASIAN STOCKS
    • Article
      Tokyo stocks lower
      281 13 SHARE prices in Tokyo yesterday (ell in slow trading with many investors sidelined awaiting reaction in Western Europe and the US to the political crisis in Poland. The market average lost 37.23 to finish at 7,654.17 on a volume of 140 million shares with light selling spread
      281 words
    • Article
      Selected indices
      31 13 H.K.HANG SENG Monday 1376 Friday 1413.1® WMk Ago 1423 82 AUSTRALIAN INDUSTRIALS Monday 7418 Friday 745J Week AfD 735.3 ALL ORDINARIES Monday 002.6 Friday 604.6 Week AfP 606 7
      31 words
    • Article
      Bangkok
      66 13 DEC M Bahu International CoantUca A*a rtbr* WC" 13B unch International Trust And m~ Bangkok But Bulk Of Ajudhaya Z Ml •JO Saba Union JZZZZ Stun Ommt MJS ISO -I -4 B»r!l Jucktr Stun City CMnant 141 -4 Chtrooni Thai SM South Alia Plbn tlJO -IJ Wirt UTVfl Thai
      66 words
    • Article
      Market closes easier
      254 13 HONGKONG SHARE prices in Hongkong yesterday closed easier after falling most of the day. The fall was attributed to news of the declaration of martial law in Poland over the weekend. The Hang Seng index Closed off 36.80 points at 1,376.39 after easing 33.02 in the morning
      254 words
    • Article
      Sydney shares finish dull
      256 13 GOLD issues in Sydney yesterday finned but trading was cautious following the imposition of marshal law in Poland. A downturn in the oil and gas sector, partly due to profit-taking, helped push the All-Ordinaries index, the general market indicator, down 2.0 points to €02.6. Volumes were
      256 words
    • Article
      Manila
      100 13 THE Manila market yesterday closed generally lower as the commercial/industrial sector closed firm. There was a sharp drop on turnover to 630,000 from its previous 2.9 million pesos DtC M PMM Aco* Minlnf m unci) Atla* OPR. A AUu Coo B. IMt -CI Baffalo OoM M uneh Bmcwt Coo
      100 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      280 13 FURNITURE Touch of Class LUXURY INTERIORS PTE. LTD. .321, Plaza Singapura NATIONAL UNIVERSITY OF SINGAPORE is LTIH3.' 1 1-; Li.fJ:!' h I Applications are invited for admission to tha part-time and full-time course leading to the degree of Master of Business Administration. Candidates for the course must (1) be university
      280 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      153 14 Rises KMMI Sol Prop«rti«a UUBd PM 580 85 710 10 070 5 Him M GIIIMH 400 4 434 4 U A C 402 2 Hyt«x 125 +2 Falls Ltoaf Hut 230 -150 C Sugars 1270 -40 Home L«oi( M StiVtew 1140 056 -40 -35 O C B C 1100
      153 words
    • Article, Illustration
      KUALA LUMPUR
      150 14 Rises Gopeng 2400 100 Falls M M««l« €30 -a A HI tarn (T) 1140 -60 OCBC 1170 -50 M Tobacco 740 -45 UM Works 545 -40 MBT Hldgs 806 -35 Kamuntiag 590 -30 NST 910 -30 S Trading 945 -30 P Product 324 -26 T Textile 388 -26
      150 words
  • Article
    Talks to begin on bumiputra shares in Inchcape Bhd
    466 14 Companies Editor: Mano Sabnani INCHCAPE Berhad is ex- pec ted to resume talks on increasing bumiputra participation. Indications of this were given by Mr HP Faxon, group managing director of Inchcape Ltd of the UK which owns 63 per cent of
    466 words
  • Article
    Largest holdings in Hytex
    146 14 LIM KIM HAI Holdings Pte Ltd is now the biggest shareholder in Hytex Ltd with a share of 40.59 per cent in the company's issued capital of £10.15 million. Hytex, which recently completed its rights issue, reached an agreement with Lim Kim Hal in May under
    146 words
  • Article
    KLK profits on even keel
    408 14 Plantation group Kuala Lumpur Kepong (KLK) has kept profits on an even keel despite depressed prices, with pre-tax profit up three per cent to MJ85.4 million for the year ended Sept 30,1981. KLK said that the group's improved earnings were due to substantially increased contributions
    408 words
  • Article
    Growth in group earnings expected for PMC
    243 14 PAN Malaysia Cemeat Wsrks BM, wMeh aw a dip preflta last year, seema ready I» see a growth la ««but» tar the earreat flaaariiU year eadtog March torheneSto! r#l> As waeat pup jmttt day reparted greap earalags MM.W mUtte? tar the fin* half-year,
    243 words
  • Article
    ROTHMANS' PROPOSED SPLIT
    24 14 BOTHMANB (Malaysia) St 1 HthtritlN f"r^lto my fate tw« Npmtc cattfeMjMa mm* Me tf the U* i» imilMmttealilte peariM prtoe wm
    24 words
  • Article
    LONDON STOCKS
    787 14 LONDON, Man. Gold «hares opened firmer today, while others were lower in nervous trading, dealers said. The Financial Times Index at noon was down 4J points at 515.4 Gold shares opened with gains of up to 300 US cents in heavyweight issue» following the rise in the bullion
    787 words
  • Article
    Lock icon POLISH YULETIDE
    584 14 «0(3 §sm a4 by HOCK LOCK SIEW ONLY 16 days till the end of ISBI and everybody is wondering what the morrow will bring. Yesterday's sharp decline must have caused many a market punter to take a serious look at their "caution" funds and to start baling out
    by HOCK LOCK SIEW  -  584 words
  • Article
    Lock icon DOW JONES PLUNGES
    79 14 AP NEW YORK, Moil Stock prices fell sharply this morning amid heightened tensions in Poland and the Middle East and mewed concern over interest rates in the United States. The Dow Jones average of 30 industrial stocks plunged 9.80 points to 876.71 in the first half hour.
    AP  -  79 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      121 14 NOTICE To the holder* of the floating rvte U.S. Dotar Certificates of Deposit dm 17th December, 1986 of: THE SUMITOMO TRUST BANKING CO., LTD. Unit 1-16. First Floor, UIC Building. 5 Shanton Way, Singapore 0106. We hereby certify that the rate of interest payable on the above mentioned Certificates of
      121 words
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      Page 14 Advertisements Column 2
      36 14 AIRCONOmONING, CASSETTE/RADIO AND CASSETTES, AUTOMATIC AERIAL, STEEL BELTED RADIAL TYRES,STREET DIRECTORY, PARKING COUPONS, BUMPER OVERRIDERS, UMBRELLA, TORCHLIGHT. IS ALL THIS UNHEARD OF IN A RENTAL CAR? The car rental company you've never heard or. Phone: *****30,*****24,*****7.
      36 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      42 14 WEATHER =^=^^=^=5 OUTLOOK for Singapore from 6am to lpm today: Generally cloudy to overcast with occasional showers in the early morning and again from the late morning onwards. Bepart tor M heart prtor to 1M pa m Dee 14 at the airport:
      42 words
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  • SHIPPING TIMES
    • Article
      Galleon Shipping to regain its credibility
      281 15 A RENEWED drive to gain credibility among shippers will become the main concern for Galleon Shipping Corp following its takeover by the National Development Co. This sentiment was expressed by Panfilo Castro, Galleon executive vicepresident, following the arrival of Galleon Aquamarine from its inaugural
      281 words
    • Article
      M'sian cabotage policy paying off handsomely
      615 15  -  By VONG NYAM MING MALAYSIA'S year old cabotage policy is paying off handsomely for its tanker operators. Led by governmentowned Petronas, Shell Bhd and Esso are hard at work replacing Singapore-based tonnage with Malaysian* registered tankers, more in compliance with the spirit than the
      615 words
    • PORTSIDES
      • Article
        CSC gets another ship
        115 15 THE Ceylon Shipping Corporation (CSC) has acquired another container vessel, the 10,991 tons gross Lanka Athula which will operate the Sri Lanka/United Kingdom container service. The ship has a speed of 18 knots and a capacity of 606 TEUs and it is the third vessel that
        115 words
      • Article
        Lock icon Co-op Marine refloated
        111 15 AFP THE stranded Japanese ore carrier, the Co-op Marine, has been refloated after being aground off the north west coast of Western Australia for two weeks. The giant 133,000 tonne vessel, valued at As2o million, was hauled off a reef about 40 km north of Port Hedland
        AFP  -  111 words
      • Article
        Orders received by Seoul
        127 15 FOREIGN ship orders received by South Korea in the first 11 months of this year totalled 1.466 million gross tons for 78 ships, valued at $1,991 billion, the Korean Shipbuilders' Association said. The January/November tally, a record for the period in Korean Shipbuilding history, showed an
        127 words
    • Article
      INDEX TO ADVERTISERS
      615 15 "Upptatt Liar P»«e CM SUpptag Liac c* Arhlpelego Shpg VI EUat VI s Afea VI Elm* m 4/5 4 Afro-Eurasia VI Everett Orient IV Alfred CT VI Evergreen IV 3 All trans vn Feaco vn 4/5 s Aipar VI Flotta Uuro v Angkutan VI Franco-Be m 4/5
      615 words
    • Article
      SHIPS IN PORT
      452 16 ARRIVALS KEPPEL WHARVES Blue Matsuyama (ro/ro) (0700 after No 7 Donam sails ĕ Profesaor Mler ie)ewski berths, must starboard alongside) 38 39 Bill!ton n (1200) 45A Dai Yun Shan (2100 shifts after Golden Wonder sails, tide) 18 Frances Bay (1500 subject free board) 27 28 Iberia Maru
      452 words
    • Article
      Seattle and Tacoma to discuss merger plans
      314 16 THE PORTS of Seattle and Tacoma are believed to be discussing a possible merger in an effort to end years of competition for the Puget Sound trade. The two ports, located on Puget Sound in Washington State, promote themselves as the closest US
      314 words
    • Article
      LONDON FREIGHTS
      1470 16 BROKERS reported generally dull conditions on Friday with fewer bookings emergihg as the Christmas holidays approach. There was evidence that owners are finding it more difficult to obtain prevailing rates which continue to edge lower, they added. A vessel reported booked for late Dec loading of 80.000 tonnes
      1,470 words
    • Article
      Worldscale tanker rates to drop
      408 17 WORLDSCALE nominal freight rates for tanker chartering will generally be lowered by about 5 to 10 per cent from Jan 1, reflecting the reduced cost of bunker oil, the Worldscale Association (London) Ltd said. The changes follow the half-yearly appraisal of tanker rates made by
      408 words
    • Article
      Container Schedules
      690 17 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 Lexa Maersk 8109/0202 15.12.81 0700 Maersk 51 TT Ned Hoorn 444 15.1281 1900 Ned-EAC TA 4 TT Pacific Express 38N 15.1281
      690 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1260 22 SCHEDPLE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are published at a maximum of three weeks. PN
      1,260 words
    • Article
      The Consortia
      183 22 THE MAJOR shipping consortia operating between the Far East/Europe, Far East/Persian Gulf, Straits ports/ Australia, Straits/Japan and the member lines: ACE (FAB EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANBO (STRAITS AUSTRALIA): Australian National Line. Australia/Straits
      183 words
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      Page 15 Advertisements Column 1
      387 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 CONTAINER Schedules SHIPS In Port LONDON Freights SHIPPING Schedule REGIONAL Weather 111 H 11/111 VIII VIII Orient Overseas Ccwitunesi Line FULLY CONT AMERCED SERVICE
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      Page 15 Advertisements Column 2
      247 15 OSEALORDH UASC UNITED ARAB SHIPPING CO'SAG) EXPRESS MULTI-PURPOSE SERVICES MSNUNWVJ9 AL OMMMN ¥.41 AL AMMAN V.32 M AL NAfEES V.37 OMMMffI (3/1) Dammam (6/1). Kuwait (9/1), Shuaiba (12/1). Doha (15/1). Abu Dhate (18/1). Out* (21/1) Kmnt (16/1) Shuafta (19/1). Dammam (22/1), Doha (25/1). Bahrain (28/1). Abu Dhabi (31/1). Dubai (3/2)
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      Page 15 Advertisements Column 3
      617 15 :i r% BALT-ORIENT LIN! 77?..'- Baltic Shipping Co Rtfiiar Sorvices from South East Asia to IMtod Kinrdom and Nwtti Continental Ports Agont: Singapore Soviet Shipping Co Pt« Ltd Jol: *****3 EXPORT FULL CONTAINER SERVICES TO: UA PACIFIC, GULF, ATLANTIC, EAST CANADA. ASIAN PORTS MAERSX MANGO SaM SaM LEXA MAERSX I
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      Page 16 Advertisements Column 1
      909 16 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERN AD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** Feeder f B ftNAG* I) Barcelona. Ganoa, 2) Amsterdam. Antwerp. LHawe. Bilbao Bask. UK. 3) Bremen. Bremerhaven. Aartus. Copentafen Helsinki 4) Mafcno Stockholm. Oslo.
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      Page 16 Advertisements Column 2
      326 16 TRANSGROUP PRIVATE LIMITED r are pleased to announce the commencement of an independent, direct container service to Papua New Guinea and Australia. This new liner service, established under the name of Afro-Eurasia Line Papua Express Line (AEL PEL) will provide shippers with regular sailings to Port Moresby, Lae, Sydney and
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      678 17 The Straits Steamship Group QCC Overseas Containers Limited STRAITS SHPPMG Singapore to Sihih, jarawsfc, Brunei Ports and Bangkok CONHINERSHIP SERVICE FROM UK CONTINENT kM an ins kM Ute total M tec IMS Id MBk 17 (K 14-IS fee It fee Uht U-ÜBK 17 Bk II IK 15-11 (k It BK
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      Page 17 Advertisements Column 2
      372 17 Franco Belgian Services I M P KUK likn r«M trwt rNaa i-wmf 171k 4la sla Ila II la 12 la KPTME I 24 Ok 11 taa 12 la II la 17 hi 111 m 0011 21 tec M taa 17 tm 211 a 221 a 24 la KOKM M »>m
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      Page 18 Advertisements Column 1
      690 18 Hapag-Lloyd TO NORTH EUROPE HM|kM| Eipms TeMt Eiprets Abo acceptii* transhipment car|o tor CARIBBEAN/WEST MOKS »ia Hamburg" TO KIXTBnMfA Oriattr «e Moo Peter Rrtß*n ftefensiwn TO IBA/CAHAOA, Feeder Spore P%. Pen fMbao Genoa H'b«r{ B ha*en Rdam Antwerp 28/1? 30/12 24/1 2/2 31/12 27/12 25/12 4/1 7/1 10/1 11/2 9/2
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      Page 18 Advertisements Column 2
      478 18 K.S.LIttE KOREA SHIPPING CORPORATION VEGA IS7W STORE 21-23 DK VEGA 16# 2123 OK ALTWR 1711 V 22 25 ton ALTAI 172E 22-25 Jan P. Ketone PENANG 24-27 OK 21-30 OK 24-27 DK 21-30 OK 26-21 ton 29-31 ton 26-21 ton 29-31 ton FROM BUSAK BANGKOK TOBUSAN TO BUS AW ALTMRI72E
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      Page 18 Advertisements Column 3
      473 18 EVERGREEN LINE r FAR EAST/EUROPE CONTAINER SERVICE 1 ACCEPTMG FCI ft Id CARGO FOR: FMm MMm AmNm* U Nnr is? 4/1 */> »•/> u/i c»« uck? M/u 4/n iv» i7/ii n/ti n/tt n/%\ ,VM 24/41 21/41 a/11 M/ 41 1/42 i««U|W 11/N 22/ M 2/K 4/17 1/12 1/(7 »/i2 ALSO
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      Page 18 Advertisements Column 4
      798 18 w Burma Fnra Star Shipping Corpn. 9 ÜBk "BURMESE NATIONAL LINE" I LOADING FOR RANGOON ran MM* Nm* M/ 73 Cfcc BPS VC Ao«n* m Motovva BOUSTE AO SMPHNG TEL NOS KL *****4/*****7 —PKELANG *****1/• PCNANG *****1/8 OOCHARONG ONLY C**pwe ArgMtM 0* Nmwbh <mimmmm* mm&== "ARGENTINE NATIONAL LINE" LOMMG FOR
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      Page 18 Advertisements Column 5
      261 18 SBSMi 'f mO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD SANKYO LINE jAPAN/smus sanncc nzaneu mi m miiH/i t *****74 EAST HilfnßL* m 4P4M4/4P47M BBim wi»m m M-TO/l/mi ■UdIMIIIMM m«7Ktorn wsmm fJSLMK POME LOW FOi CW9SI 22-23/12 24-15/12 (MUCH ocem mm t onm ra in re. ttnmn anw nat smut m rl
      261 words
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      Page 19 Advertisements Column 1
      801 19 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HOOEIOAH. JEOOAH AQABA (Reefer Cntrs Acceptable) VESSEL 21W/22E 23W/24E 6-7/2 13-14/3 17-13/4 7-3/1 11-12/2 13-19/3 13-14/3 17-13/4 Accepting LCL Cargo to Colombo, Aqaba and Hodoidah. S.E.A. Container Feeder Service SINGAPORE/PT KELANG/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS ii' H:; i unreal VESSEL 535/59N SS/6N 13-19/12 50N
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      Page 19 Advertisements Column 2
      777 19 I BEN LINE CONTAINERS EXPRESS COffT AIO SERVICE to/from europe kmjk b HAVEN roam havksoton S*OT MM«l|WGw«im,/ AustriaAittmrp Frmct Al UK 14/U 11/1 u/l 14/1 VI taa**a| tiprns T*toi Upmt 14/U 1/1 U/i 12/1 14/1 4/1 TVU 11/1 */l j/j a/17 TVU 17/1 IJ/1 a/1 21/1 IJ/1 J/» tvi a/i
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      Page 19 Advertisements Column 3
      544 19 Scan Dutch 9 WEEKLY EXPRESS CONTAINER D/UK/NC/SCAN SERVICE O f. »/l? 4/1 VI 7/1 11/12 a KMC* ANSON 8/1? ?4/l? ■mu f«a l/l 30/1? menu 31/1? 1) hmm. CM*. L«to> 2) ammm LmrpM UMm (TMirj) Cjmtt Mm* DrtanDVWi DTmb 4)T4 m m m i t i J 1 i 9
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      Page 19 Advertisements Column 4
      544 19 (ACCEPTING CONTAINERS ONLY) n SPORE R'DAM HULL HMBG 22 14 J l8Jo 21 SANTA FE 3 Jon 29 ion 7 Feb 3 Fob (Deep Tonk Spoce Availoble) Lukes /fe Lines U.S. WEST COAST SERVICE JOHN ITKES Sid *o M Lombftch l« AflfMrs t Sm> Frwcaco) F CI ««l bftMDu# affo
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      543 20 K LINE KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA hbokssos* nt Monatftssis .NartßtrU 24/12 21/12 t+m Act 111 Mil MWIn KJMM tar *3 (/l 7/1 ME farw Mam Mm ■aaletMtoW 24/1 25/1 Mlbi JAPAN-STRAITS-JAPAN Its* I SfOff Pmam PMwi Spori Totio tafoyi Rob* ■WW It/12 27/12 25/12
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      Page 20 Advertisements Column 2
      359 20 i CAUFORNA/PACTK NORTH NEST SUVKE EXPRESS CWTARCR/REEFU SUVKE L«*n tar LOS Win. SM FMKBCa JEATTU. TACOMA. WNCOWEX. EC sm RMtsca umt. tacoma. i icopfti Fo/ra CMMMH |J|.. naannri IS to It h* .1-11T.TTTIf{J7iv-f Ji iIV fX?iTiM L""' SBS, MOM SERVICE SKF 88i 'J— sssTWT- 1/3 N» **/CjL T""""* IVMta C.teatl*/
      359 words
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      Page 20 Advertisements Column 3
      529 20 *'y (^i'oiii) SINGAPORE SHIPPING AGENCIES PTE. LTD JOTH KOOR OCt AN Bull OINC, $INI>APOH{ 0104 VARKfTING 9111?? 13 UNf S GINIRAI *****1 14 I IMS Tl RMINAI Of MCI ???3583 Tt Lt HS R S?bS6BA BCARSHIP CARI I CAKGOSMIP nil l!e<|ional .fILJIW Loiit;iim-r Lilies SAILINGS A WEEK to/from BANGKOK «s/«n
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      Page 20 Advertisements Column 4
      508 20 korins maritime services Room 601 ICB Building Shenton Way S'nqapore Tel *****22 *****67 p Kolang Tp( *****4 *****5 MlOOtj EAST/RED SEA/EUROPE SERVICES ■MM VMM. a vessel a vessel S port P. Katanc LMdhf For. 20 Ok Bandar Abbas/B. Khomm 5 Jan tabai/Muscat/Bahrain SJm Bandar Abbas/ B.Khomeni CD Hvundae Shipping Co.
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      Page 20 Advertisements Column 5
      386 20 NTRASEA (PTE) LTD BREAKBULK SERVICE TO EUROPE/UK r*n t. UMI It tec la Part »km 4Jm romm («ao HUNK/nov m (MQI) FULL CONTAINER WEST BOUND SERVICE MMffL MGHT mis emu* mm Stappart Lm*h tar 2tas MM/lin»d/irtAs/ Hwtan/Mtmtom/Tkry Stan —<• Cwt*on to BoM/Trftol/Lst*ta/T«ta»/ FULL CONTAINER EAST BOUNO SERVICE EID KARACM ETO
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      Page 21 Advertisements Column 1
      780 21 TO EUROPE/UK (VIA SUEZ): C FAUL 29W C RO2E 271+.. SS BUDGE 34W.. K CHANCE 6* TW BRDGE 9R... n mm K JACEWOH 16*., Also accepting cargo to/from Scandinavia C ROZE S'pore Closing Times: FCL Cargo LCI Cargo FROM EUROPE (VIA SUEZ) 0600 22/12 1800 21/12 TW BRDGE K Sailed
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      Page 21 Advertisements Column 2
      497 21 MALDIVE LINES MALDIVE NEJGHBOK Loading For Jeddati eta eta eta SWK KUANTAN PORT KELAM6 30/12 WORT 30/12 20/12 Loading for Alexandria MAUXVE CREST 30/12 Loading For Karachi MALM* NO6LI 20/12 Loading For Muscat/ Dubai/Dammam MALDIVE PRBE 30/12 Loading For Kuwait MALDfIfE PWtH 1/1/82 Loading For Djibouti/Pt Sudan MAUN* SIM In
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      594 21 ODESSA OCEAN LINE FULL CONTAINERSHIP SERVICES iomm for mnaumn ports S »ere Hm* MM NapM* LegMm Cm n». t. STttosnr mcw o* 22 ok 25 mi is i«n is m> 17 mi is hi. m wnmtr m m* 2 mh mi 15 Feb 1 m> 30 mim M.V. "YAIOV BOKMHOKO"
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      Page 21 Advertisements Column 4
      44 21 PEACE REGULAR FCL/LCL SERVICES TO AUSTRALIA, NEW ZEALAND, HOMO KONQ I^l SIM SWEE JOO SHIPPING SDN. BHD EXPRESS TO BMTULU SVUKUn(MtIM)NiM kM SKI UK UN (Ml 1W) m 17 &UJI oqillMiilWHM Agents: JAMBATAN MERAH SDN. BHD. P. Kelang *****6/7 K. L. *****1/2 Penang *****8
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      300 22 EGYPTIAN INTFBNATION At t INF (Fill INTERNATIONAL LINE (EIL J EGYPTIAN FLAG MRECT LINER SERVICE TO EGYPT (PORT SUEZ PORT SAID ALEXANDRIA) STORE PT. 812 FT SAO ALOAMMU l« VOTU Ok a JhIS Im It tw 21 K» WT 23 F«2S It Mv 19 MV22 DIRECT UNER SERVICE FROM EGYPT
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      Page 22 Advertisements Column 2
      405 22 kU K LINE KINKAI SESESEEmSSSS JAPAN/STRAITS/JAPAN Fully Containerised Service Vessel Tokyo Kobe S pore Perane P. Ketanf S pore Tokyo Robe wmmrm sm sm 23/12 24/12 21/12 27/12 »/i 11/1 k. para *3 19/12 22/12 2/1 4/1 5/1 1/1 lt/l 21/1 NORBTMVII 24/12 25/12 4/1 S/l 7/1 «/l 19/1 21/1
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      Page 22 Advertisements Column 3
      261 22 ft JOHORE SHIPPING ,S3 J* l AN t E*GKU BADAR POPI XfIANG SEIANGOR MALAYSIA HAJ SHIPPING SDN. BERHAD L bpress Jnrttoad Servce tTwr P Kei»>g East M*y»t Brunei 11/11 V: 15/11 r l/c H t 19/tl H»: 1/12 MV: 2/12 3/11 1/12 2/12 P. KELANG 11/12 21/12 11/1/12 20/12 3/1/12
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      Page 22 Advertisements Column 4
      276 22 1 FAR SAUDI LINE [AST Regular Conventional Service S. CLOU) S. LUC* C* IU F1 (AM Sovdi Flog Vmml) PK PNG Loodng for:■ft (Rmb.OMM 27/12 2/1 Karacfc, MM 27/12 D'mr, DVa. M 15/1 MM IMB IMMMU 41CM/414JH IMB KWMMU *7375 TRANSTIMBER LINE BULK TIMBER SERVICE Mm Sin PK DGBY SU
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      Page 22 Advertisements Column 5
      35 22 NOTICE Required vessel or barge I Te carry meathly mMmam ltM H. tea 9t lumber ui veaeer (rem Tarakaa, E. lallmartM to B>n. Charterer able to ebtaia BKU I—ilag permit Contact M: *****73/*****75 L J
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  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      165 22 /v vfS ■»5 *4/ Regional Weather ic X »£> k a 38 m 4gg£^ LU£ Wind direction with speed in knots Wave height V SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND• R Thunderstorm Temperature °C Shower Weather f~Y Wind direction with speed in knots Rain Cloudy
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