The Business Times, 22 February 1979
1979-02-22
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The Business Times
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Title Section10 1979-02-22 1 BUSINESS TIMES M.C.(P) No. 146/1/7$ THURSDAY FEBRUARY 22,1179 50 CENTS10 words
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BRIEFLY...
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Article72 1979-02-22 1 AFP KUALA LUMPUR, Wed.— The state-run Malaysian Airlines System (MAS) has lost over M 517.5 million in passenger and freight revenue since December because of the unofficial go-slow by its employees. MAS sources said the airline's direct loss in terms of expenditure for stranded passengers,AFP - 72 words
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Article88 1979-02-22 1 Reuter SEOUL, Wed.— South Korea and the United States will hold their largest ever joint military exercise here from March 1 to 17, it was announced today: The US-Korean Combined Forces Command (CFC), established last November, said the "Team Spirit 79" exercise would involved ground, air andReuter - 88 words
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Article65 1979-02-22 1 AFP LONDON, Wed. Reports circulating at the European Economic Community (EEC) headquarters in Brussels that the British government is preparing to combine European and national general elections on June 7 were dismissed as groundless by sources close to British Prime Minister James Callaghan here today. A BritishAFP - 65 words
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Article90 1979-02-22 1 Reuter JAKARTA, Wed.— More than 150 people were killed when a long-dormant volcano erupted in central Java, some 300 kilometres east of here. The final death toll could be much higher than the 155 confirmed by noon today as bodies were still being found in PucukanReuter - 90 words
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Article52 1979-02-22 1 JAKARTA, Wed.— United Nations Secretary General Kurt Waldheim has decided to postpone his visit to Indonesia until next May, it was announced here today. He was originally scheduled to make a tour of South-east Asian countries including the Asean countries this month. No reason was given for52 words
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Article62 1979-02-22 1 Reuter TOKYO, Wed. JAPANESE reporters in northern Vietnam today reported that the Vietnamese armed forces were massing for a big attack on Chinese invaders. Meanwhile the Soviet Union, a close ally of Hanoi, beefed up its military presence in the area, despatching four giant spyplanes and sendingReuter - 62 words
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Article55 1979-02-22 1 UPI NEW YORK, Wed THE STOCK market headed higher early Wednesday in fairly active trading. The Dow Jones industrial average which gained 7.54 points Tuesday, was ahead 3.21 points to 837.75 points around 1600 GMT. Advances led declines, 602 to 335, among the 1,395 issues crossing the NewUPI - 55 words
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Chief Price Changes
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Article141 1979-02-22 1 Rises Most Active Pacific L)ev 260 10 S Darbv Nat Iron 630 5 580.000 K N 520 5 H Par 125.000 I'arlsherg 414 4 UOB 97.000 B Settibawung 280 2 UOL 84.000 E E Livingston 236 2 Tganu l)t*v 127 2 Total Turnover 2.73m I C B 291 1141 words
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Article, Illustration144 1979-02-22 1 Rises Most Active s Mai Tin IAC F& X M Glass I'ld Mai Guinness Tronoh 1080 338 520 176 410 505 750 Falls 20 10 10 06 06 >-05 05 S Darbv 221,000 F Merlin 148.000 Consplant 142.000 H Par 124.000 Total Turnover: 1.68m Total Value: M$4.19m Indices144 words
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Article1039 1979-02-22 1 UNIFIED ASEAN APPROACH Reuter FOREIGN INVESTMENT will be the central topic at a mammoth meeting in Jakarta next week of European and Asean industrialists, but indications are that the Europeans will be cautious in making promises. The five Asean countries will be trying to impressReuter - 1,039 words
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Article116 1979-02-22 1 THAILAND and Malaysia yesterday signed a 50-year memorandum agreeing to explore and exploit jointly, natural resources in adjoining areas of the continental shelf in the Gulf of Thailand. The 'memorandum of understanding' was signed by Thai Prime Minister Kriangsak Chomanad and Malaysian Prime Minister Datuk Hussein116 words
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685 1979-02-22 1 RONNIE LIM - By RONNIE LIM A SINGAPORE team of manufacturers and businessmen will leave for New Zealand around April May to explore prospects for joint ventures in small and medium-sized industries, according to mission leader, Dr Lee Kum Tatt, chairman of the Singapore Institute of685 words
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243 1979-02-22 1 SINGAPORE'S highpowered delegation of senior government and airline officials led by the Finance Minister, Mr Km Sal Sen, left far Knaia Lumpur yesterday to diseass Asean's next cracial step to be taken against Australia's air paUey. The specially-convened economic ministers' meeting, to243 words
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413 1979-02-22 1 QUEK PECK LIM - By QUEK PECK LIM SIME Darby Holdings, already an industry leader in oil palm and rubber, announced its intention to become a major producer of cocoa within the next 10 years. Sime's chief executive, Mr James Scott, said yesterday the group intends to413 words
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Article60 1979-02-22 1 PETROL in the "super" category is currently around US$35O (SJ77O) a tonne on the Rotterdam open market against $220 at the beginning of this month. The going rate has risen nearly threefold since October. But the retail market has been affected only slightly. Officials said the higher60 words
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Page 1 Advertisements
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Advertisement8 1979-02-22 1 SINGAPORE BUSINESS The Business Mogozine SEE BACK PAGE8 words
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Advertisement197 1979-02-22 1 THOMAS ROBE RT AtAAYS ONC STfP AMf AO the trained specialist... i¥/ 7t if ■41 f W- A THOMAS ROBERT BROKER vvidt-lv vv»>ll inform.*) »»j hi.jhly cap.tDle i'f ln.ilysini tht tn.jst implt'H risks. H- is typii\il it rt.-vv if profession s ios-jr in v ti tints Just .is s io«197 words
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Advertisement71 1979-02-22 1 JiIDiXS SHIPPING TIMES ONE-MAN accounting firms urged to merge......................... 2 LUXOR Singapore carries on n0rma11y................................... 2 KL shippers unhappy with FEFC offer.... 3 BUDGET outlook for exporters, man in the 5treet...................... f,7 SINGAPORE repurchases IMF gold NBT buttressed by current log b00m........................................ 11 CASE for an Asean commodity carte 1.......................................71 words
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Advertisement344 1979-02-22 1 *9! 7 MMtn Trust Sony for your video needs S MALAYSIA BUILDING SOCIETY BERHAD FINAL REPORT The Director are pleased to announce the following results for the year ended 31st December, 1978. Net Profit before taxation (unaudited) After deducting depreciation of fixed assets Provision for taxation Net Profit after taxation344 words
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TRADE AND INDUSTRY
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Article443 1979-02-22 2 COURSES AND TALKS Feb 5-Apr 14: Diploma in Life Insurance, SITC, SITC Feb 17-Mar 3: Marketing for the secretary, SIM, SIM Feb 20-23: Principles and practice of management, SIM, SIM Feb 26-27: Performance appraisal and counselling, SIM, SIM Feb 26-28: Project Planning and Evaluation, Hilton, SGV-Goh Tan Feb443 words
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Article257 1979-02-22 2 EXPENDITURES for machinery and materials in Singapore rose from $63.5 million in 1973 to $94.1 million in 1977. The annual expenditure is forecast to reach $115 million next year. Quoting figures from a recent US Department of Commerce survey, the US International Marketing Centre director Thomas Moore said257 words
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Article, Illustration68 1979-02-22 2 SINTAT Rent-a-Car gave a steam-boat dinner for Miss Great Britain 1171, when she visited Singapore ff Singapore Airlines' promotion of its London holiday packages for the year. Picture shows Mr David Lee, Sintat's marketing manager presenting Miss Great Britain, Patricia Morgan, with a souvenir; looking on68 words
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541 1979-02-22 2 GOH ENG KEE - By GOH ENG KEE A LOCAL chartered accountant has called on small public accountant firms here to merge in order to compete better. Mr lan Gan said accountancy and management consultancy are big business and unless the small firms pool their resources, they face541 words
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Article, Illustration225 1979-02-22 2 AUSTRALIAN researchers are experimenting with microwave techniques of weed control. They believe if they can develop efficient microwave devices to selectively kill harmful weeds in crops, the use of toxic herbicides could be greatly reduced. The research programme is underway at Deakin University at Geelong, Victoria, whereAIS photo - 225 words
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Article59 1979-02-22 2 ACMIL Ltd of Australia has acquired a 60-per cent stake in a Singapore injection moulding company, Technomer (Pte) Ltd, for an initial cash payment of $1.23 million. Additional consideration may be payable if 1979 profit exceeds a minimum figure. The acquisition of the stake, making59 words
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Article140 1979-02-22 2 THE Ministry of Labour is concerned about recent accidents involving earthworks and warned that it will take strict action against contractors who do not take adequate safety measures. The ministry said in a statement yesterday that since the beginning of this year, three workers have140 words
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249 1979-02-22 2 ABOUT $800,000 worth of orders have been contracted by mission members of the Dundee and Tayside Chamber of Commerce and Industry during their 12-day visit here. Negotiations are still continuing and there are strong indications of more trade in the pipeline, said Mr. William249 words
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613 1979-02-22 2 RONNIE LIM - By RONNIE LIM LUXOR SINGAPORE, which manufactures colour television sets and components, will not be affected by the recent crisis faced by its Swedish parent, Luxor Industri AB, company officials said yesterday. West German news reports carried by Handelsblatt and Frankfurter Allgemeine in613 words
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Article295 1979-02-22 2 SINGAPORE'S first women's travel club was inaugurated yesterday. Mr. Tan I Tong, chairman of the Singapore Tourist Promotion Board (STPB), said at the opening ceremony that the club, the first of its kind in this part of the world, will make Singapore a leader and trend setter295 words
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Article55 1979-02-22 2 PROFESSOR D. Heckelmann, the vice-president of the Free University of Berlin will be conducting a seminar on the free decision in free enterprise by management in West Germany. The seminar will be held at the seminar room of the Department of Economics and Statistics of the University55 words
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95 1979-02-22 2 THE EXAMINATIONS for the Life Insurance Certificate attracted a total of 534 candidates, of which 268 candidates took the examinations in Chinese. The number of candidates taking the remaining two papers increased, compared to 471 candidates in last August. The February examinations were on papers95 words
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Page 2 Advertisements
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Advertisement23 1979-02-22 2 I 0 INDIAN ENGINEERING EXHIBITION 3-10 MARCH 1979 JAKARTA FAIR GROUND JAKARTA INDONESIA Sponsors: Embassy of India—Jakarta, Indonesia Engineering Export Promotion Council (India)23 words
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Page 2 Miscellaneous
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Miscellaneous653 1979-02-22 2 TWO-IN CRYPTIC PUZZLE ACROSS 4 Sender of a mural decoration? (6) 7 Like the account of a professor or master (3, 5) 8 "Isle" where a hen goes crazy during a motor-bike race (6) 10 Pastoral Villian? (5) 13 Dog food (4) 14 All the requirements for making up a653 words
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REGIONAL
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747 1979-02-22 3 FASC YET TO ACCEPT DECISION MALAYSIAN shippers have expressed disappointment over the decision of the Far Eastern Freight Conference (FEFC) to implement the proposed general rate increase of 8 per cent from April 1. According to Encik Mohd. Zulkifli bin Abdul Rauf of the Malaysian747 words
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Article114 1979-02-22 3 Reuter THE HONGKONG government revised the trade deficit for 1978 up slightly to HKJ9.IS billion (554.14 billion) from the earlier reported $9.13 billion, compared with a $3.85 billion deficit in 1977. The Census and Statistics Department said domestic exports rose 16 per cent last year toReuter - 114 words
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419 1979-02-22 3 AFP Reuter PRESIDENT Suharto on Tuesday called on businessmen to report any treatment from government officials which they considered as being against the law. Environment Minister Dr Emil Salim said after talks with Mr Suharto that the President wanted businessmen to beAFP; Reuter - 419 words
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Article230 1979-02-22 3 PETRONAS has shown interest in Telok Rubiah, Perak, as a possible site for an oil refinery. It has indicated to the Perak government that should it decide on Telok Rubiah it would be willing to go into joint venture on the project. However, an official230 words
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Article185 1979-02-22 3 SOUTH Korea and the Philippines will form a standing committee soon to prepare the groundwork for joint ventures between companies from the two countries. The announcement was issued on Tuesday by the Philippine Export Council following talks in Manila between the two sides last week.185 words
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Article157 1979-02-22 3 AFP PHILIPPINE officials said m Monday they will be strict In Implementing regulations on the hiring of foreign managers and consultants hy Philippine firms in order to clear the way for their Filipino successors. The Board of Investments, alarmed by requests to extend the day of foreignAFP - 157 words
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444 1979-02-22 3 THE ECONOMIC situation in the Philippines does not suggest the 7.5 per cent target figure for the 1979 increase in real gross national product (GNP) will be easy to reach, Economic Planning Minister Gerardo Sicat said. Mr Sicat said internal studies are444 words
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312 1979-02-22 3 HOLIDAY Inn will build another hotel in Penang in two or three years time in anticipation of an influx of tourists. The proposed 380-room international class hotel is expected to be built opposite the newly-opened Holiday Inn hotel in Batu Ferringhi, about 20'312 words
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Page 3 Advertisements
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Advertisement277 1979-02-22 3 Pan Am introduces 3 new ways to fly the world. Pan Am's new First Class features exclusive reclining seats. And the finest international cuisine, served individually or at a table-for-two. Some of the people we fly each day can afford the best service in the world. And some simply want277 words
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RAW MATERIALS
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644 1979-02-22 4 CHAN BONG SOO - By CHAN BONG SOO FAR from being driven out of circulation, the tinplate can has come back strongly and is reassured of its dominant role in the food canning industry. Thanks to advancing Japanese technology, the tinplate can is now lighter, cheaper and easier to produce644 words
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Article299 1979-02-22 4 UPI THE US Agriculture Department predicted that the value of American agricultural exports will surpass US$3O billion this fiscal year, setting a record for the 10th consecutive year. The latest estimate was higher than the department's previous estimate of about $29 billion. Last year recordUPI - 299 words
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Article287 1979-02-22 4 OPENING quotations on the Singapore rubber market yesterday were marked up in line with after hours steadiness here on Tuesday and higher London advices. The market thereafter fell back on profit-taking and some selling of nearbys before recovering towards the morning close on shortcovering and upcountry buying. The morning287 words
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Article381 1979-02-22 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt f.o.b. 246.50 247.50N 246.25 247.25N Int. 1 R.S.S. March 247.50 248.00 247.25 247.75 Int 1 R.S.S. April 249 00 249.50 248.75 249 25 Int. 2 R.S.S. 243.25 244.25N381 words
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Article129 1979-02-22 4 Nf H>N SSH and SMR prim veftterdav: April RAS March (Current Mthl (For 1 «ard Mthl Buyers Seller* Buyer* Seller* SSH .11 11 t«m pallet) 2:1800 240 DON 239 00 241 OON SSH .Ml < 1 imi pallet! 235.00 237 OON 236 00 238 OON MRELB SNIH129 words
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Article68 1979-02-22 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Tues Previous Malaysian 5Hffa bulk per tonne April unch 699slr Sumatra 5H ffa bulk February unch 735slr March 715/712' ipd715pd April 710pd 705'710pd May 705slr 695/700pd June 690'685pd 690pd July unch 655pd Nigeria 5* ffa68 words
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Article349 1979-02-22 4 DULL conditions persisted on the Singapore produce market yesterday. Deals were mainly reported against local consumer account. For the most part, prices were at best steady. This was particularly so in the case of pepper. Dealers in Singapore were not in a hurry to build up their inventory349 words
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Article296 1979-02-22 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 pet first class (Kangaroo) new crop O.K. 100 pet second class O.K. 100 pel third class 0.83, 25 pet new crop no stock, B-10 pet 0.15. THAI BROKEN: A-super 0 62. Special 0 56 THAI RICE: 56296 words
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Article192 1979-02-22 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattaa yam: China Blue Phoenix 20s 2.365 32s 2.900 40s 3.080 (per bale of 400 lbs) PW* gaads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly192 words
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Article174 1979-02-22 4 SOYBEAN futures on Tuesday soared late in the day following limit gains in Chicago Board of Trade soybean oil and silver futures. Prices climbed 15 US cents from midday levels to close up 23 to 15 cents a bushel. The July contract settled just three cents beneath the US$B174 words
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Article913 1979-02-22 4 A QUIET revolution is sweeping the wheat trade. It will eventually have a profound impact on the diet and pocket books of consumers as well as the markets for wheat. Flour millers are demanding wheat of much higher protein content from farmers. The reason:913 words
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Article70 1979-02-22 4 THE STRAITS tin price in Penang yesterday dropped MSB to $1,898 per picul, (196 above the International Tin Agreement ceiling, dealers said. The market eased following lower London prices on Tuesday, despite continued European and Japanese support and a further reduction in tin ore offering by miners. Total70 words
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Article30 1979-02-22 4 Rubber: Feb 21 Singapore: March: 247.25 cents (up 0.75 cent) Malaysia: March 250.50 cents (uo one cent) Tin: $1,808 (down $8) Official offering: 175 tonnes (down five tonnes)30 words
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Article128 1979-02-22 4 TRADING on the sugar futures market yesterday remained quiet prices virtually unchanged from Tuesday's close, dealers said. Only one lot was traded against none on Tuesday. Sugar futures closing prices: Cl—tan Prevtaas Ctaalag Mch 865 9.15 865 9.15 May 900 15 906 35 Jly 9.30 35 930 55128 words
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Article98 1979-02-22 4 WHEAT futures in Chicago on Tuesday registered a fractionally mixed finish after a day of directionless trade. Losses came in nearby and distant March contracts. Others were unchanged to up a shade. Traders said pressure was exerted in most months by commission-house and local selling, while the spot month98 words
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Article891 1979-02-22 4 OILSEEDS: Traders said most sections of the oils and oilseeds market moved higher yesterday morning mainlv on the firm Chicago close. Edible oils were also influenced by export potential and the market was awaiting replies to offers submitted to India overight. Dutch soybean oil traded up to three891 words
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721 1979-02-22 4 THERE is an old rule in Wall Street that no one ever went broke taking a profit. And that may well be true in stocks where price changes are relatively slow. In the commodities markets, however, the action is so fast that most lose721 words
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Page 4 Advertisements
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Advertisement210 1979-02-22 4 THE FAR EAST CLUB THE PACINDAT MUTUAL PROTECTION AND INDEMNITY ASSOCIATION LTD., THE FAR EAST CLUB, COMMENCED FULL OPERATIONS ON 20TH FEBRUARY 1979. THE ASSOCIATION WAS FORMED IN 1978 WITH THE SUPPORT OF HONG KONG OWNERS AND OTHER SHIPOWNERS BASED IN THE FAR EAST. ALTHOUGH MUTUAL ASSOCIATIONS HAVE EXISTED IN210 words
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OVERSEAS
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343 1979-02-22 5 AFP IRAN'S enthusiastic support for the Palestinian cause, which is dominating the latest round of Israeli-Egyptian-US peace talks at Camp David, has made the American mediating mission even more difficult. Both the Egyptian and the Israelis delegations, were whisked by helicopter from AndrewsAFP - 343 words
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180 1979-02-22 5 Reuter EGYPT has presented the United States with a long shopping list for arms that includes 300 F-16 fighterbombers. American officials said yesterday the Egyptians are also seeking 600 tanks, 500 artillery pieces and more than 40,000 military vehicles such as armouredReuter - 180 words
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Article268 1979-02-22 5 UPI DEFYING instructions from their union, ambulance drivers in London and Manchester staged an unauthorised 24-hour strike yesterday that halted even emergency services and brought out the army and police to provide protection. However, most of Britain's 17,000 drivers went along with the recommendation of their leaders, whoUPI - 268 words
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Article822 1979-02-22 5 ARRIVALS Service Local Operator Number Time From SIA SQI01 0815 KUL S MAS MH607 0645 KUL S MAS MH671 0915 KUL C MAS MH831A 1000 HLP C CPA CX710 1005 HLP 1 RBA BI323 1030 BWN GIA GA980 1030 HLP SIA SQ103 1045 KUL SIA SQ209 1045822 words
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Article, Illustration45 1979-02-22 5 A MORNING cross country skier treks up Fifth Avenue In Manhattan, New York, on Monday as another man tries a more conventional mode of travel during a storm that blanketed the city with 25 cm of snow. AP photo. AP photoAP photo - 45 words
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181 1979-02-22 5 Reuter BRITAIN is blocking agreement on four proposals which were to be debated by Common Market ministers for regulating transport by land, sea and air. One proposal for debate by the transport ministers is for a European driving licence. Britain opposes this sinceReuter - 181 words
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419 1979-02-22 5 EASTERN Europe has begun a desperate search for alternate sources of oil and natural gas. The countries in this region expect the suspension of imports from Iran to last a long time, as well as supply cutbacks from the Soviet Union. Hungary,419 words
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168 1979-02-22 5 Reuter WITH A FORCE which may send ripples through Latin America for years, the Catholic church has thrown its powerful weight behind social reform and against repressive government. A conference at Puebla, Mexico, of Latin American bishops, which is to guide the churchReuter - 168 words
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WORLD IN BRIEF
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Article513 1979-02-22 5 Agencies THE South Korean government has approved two foreign loans totalling US$25 million (5552.5 million) for expansion of textile production facilities. The Economic Planning Board's foreign capital inducement deliberation committee authorised Tongyang Polyester to borrow $13 million from five banks including Citibank NA for expansion ofAgencies - 513 words
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Article180 1979-02-22 5 BRITISH Airways has halved the (are far aae af Its busiest rentes the l/cndon and Paris link. Ills DMve Is part af a complete package which is sahjeet ta gaverameat approval. The package will affer majar eats aa maay of the servlees betweea the United180 words
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99 1979-02-22 5 UPI SOCIALIST Party leader Bettino Craxi withdrew his support for Premier-desig-nate Giulio Andreotti on Tuesday and plunged Italy to the brink of early national elections. The support of Mr Craxi's socialists was considered essential to Mr Andreotti's ruling Christian Democratic Party after the country's second mostUPI - 99 words
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403 1979-02-22 5 Reuter THERE are no economic indicators suggesting an American recession this year, despite the Iranian oil curtailment. US Federal Reserve chairman William Miller said on Tuesday he told the Senate banking committee that the oil situation in Iran could increase shortages or prices andReuter - 403 words
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298 1979-02-22 5 AFP THE US reduced its trade deficit with the Organisation of Petroleum Exporting Countries (Opec) by US$5,200 million (5511,400 million) to $14,000 million last year, Commerce Department figures revealed. US imports from Opec totalled $30,600 million in 1978, down from $33,100 million in theAFP - 298 words
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Page 5 Advertisements
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Advertisement210 1979-02-22 5 Everyone knows our recipe, but no one can match our results. m < It' v\ Vf M r > 1 nique process Cycle Carriage operate the only dust-free, pressurised spraying and baking booth in Singapore used specifically lor refinishing jobs. We use super-heated air (as in an oven) to ensure210 words
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Article504 1979-02-22 6 TUN TAN Siew Sin, former Malaysian Finance Minister, sounds like a politician when he calls for the "cartelisation" of Asean commodities. The five countries produce the bulk of world output in some goods. If they can agree to fix prices and control output, then the world504 words
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284 1979-02-22 6 ECONOMIES of scale accrue in proportion to size. That is one of the more commonly held beliefs in business. That is as true for accountants as for manufacturing or trading concerns. The call by a local accountant to small accounting firms to pool284 words
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Article, Illustration1096 1979-02-22 6 BUDGET OUTLOOK The bifurcated impact of protectionism and higher oil prices on top of the general sluggishness of world trade means local traders and operators in the tourist industry will not be expecting a bed of roses in the current year. Our Financial Correspondent,1,096 words
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827 1979-02-22 6 THIS year, budget planners looking for big sums to spend on construction projects may have to examine the possibility of introducing some incentives to get contractors to use more labour saving devices. The constraint on physical development projects is not going to come827 words
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Page 6 Advertisements
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Advertisement310 1979-02-22 6 APOLLO HOTEL Havelock Road, Singaore 3 Tel: *****1 AMBASSADOR HOTEL ***** Meyer Road, Singapore 15 Tel: *****11 CENTURY PARK SHERATON Nassim Hill, Singapore 10 Tel: *****7 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****66 COCKPIT HOTEL 6 7 Oxley Rise, Singapore 9 Tel: *****1 GREAT EASTERN HOTEL 401 Macpherson310 words
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Page 6 Miscellaneous
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Miscellaneous33 1979-02-22 6 KriStoW: Fran* Thc&enS iwe Qesr v>)*y P««ojnd Tue pßce>tem VS fo£ TO UißiTe OOT p> geoms I-T»ON Tioo cnesTefc-PeSR>/ logics COLLIDED ftND "TMG. DRiVIERS Nfc Fighting, IT OUT IW of THe RORD.... WOu33 words
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898 1979-02-22 7 Our Financial Correspondent - BUDGET OUTLOOK By Our Financial Correspondent INSURERS will be watching thie outcome of the Finance Minister's budget deliberations this year with a great deal of interest. The fortunes of the industry are more closely linked to government policy898 words
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1336 1979-02-22 7 Tax-payers received welcome relief in last year's budget. Our Economic Correspondent, JOHN TAN, argues that if this had a beneficial effect on economic activity last year then there is reason to feel the Government may act logically and let us keep yet more of1,336 words
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Article303 1979-02-22 7 SAID ONE frost-bitten Briton, on strike, to another as they steadfastly manned the picket-line last week in heavily falling snow: "Next time, let's have our winter of discontent in the summer". FINALLY, The Women's Travel Club of Singapore reveals all. (No naughty ideas, now.) As you303 words
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Page 7 Advertisements
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Advertisement348 1979-02-22 7 and where to entertain HOTEL ASIA 37 ScolU Road, Singapore 9 Tel: *****8 HOTEL EQUATORIAL 429 Bukii Timah Road. Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scout Road. Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL 22 Orchard, Cavenagh Roads. Singapore348 words
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Page 7 Miscellaneous
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Miscellaneous835 1979-02-22 7 Even news can be fun IT*S RADO thaa RMt taalght, if eijty Stogapare qals shews aad Anwritu riWeMM with a tAAJfcfe J«nrl«k ■^PM" H Ml v" W 10l D H lllMu The Bad* Shew, which Mwtdtys dees Mt lasalt —t't latellignee qalte u mack aa it ased to, eemea aa835 words
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INTERNATIONAL STOCKS
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Article682 1979-02-22 8 Reuter AFP LOCKHEED has reported that 1978 operating profit per share fell to US$3.5l against $3.93 in 1977, and $3.20 against $3.33 when diluted. Operating net profit dropped to $55 million compared with $58.3 million on a marginal sales rise of $3.49 billion from $3.35 billionReuter; AFP - 682 words
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Article345 1979-02-22 8 Reuter EASTMAN KODAK, citing exceptionally strong demand throughout the year, has reported a sharp rise in its fourth quarter and full year profits and sales. Kodak said its fourth quarter profit was U*****.4 million, or $2.05 a share, up from $226.1 million, or $1.40 a share,Reuter - 345 words
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Article126 1979-02-22 8 A HEARING on American Telephone and Telegraph's suit seeking to block Manufacturers Hanover Trust from honouring the present government of Iran's claim on a US$3O.2 million fund was postponed till tomorrow at the consent of both parties. The action, filed last Friday in State Supreme Court in126 words
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Article194 1979-02-22 8 FIRESTONE Tire and Rubber said yesterday that its profit more than quadrupled during the first quarter over the corresponding year-ago period. The company reported a profit of US$34.B million, or 60 cents a share for the fiscal quarter which ended Jan 31, 1979, up from194 words
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261 1979-02-22 8 AFP SIEMENS said it will acquire a 51 per cent stake in the data division of the Norwegian firm Tandberg Radiofabrikk, which went bankrupt in December. The Norwegian State Industry Fund will acquire the other 49 per cent in the division, which employs 250AFP - 261 words
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Article79 1979-02-22 8 FORMER United States Secretary t( State Henry Kissinger has joined Britain's biggest electrical firm, General Electric Company (GEC), as consultant to its board of directors, the company said yesterday. A GEC spokesman declined to reveal how mnch Dr Kissinger would be paid but said it was the79 words
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Article62 1979-02-22 8 THE BANK of East Asia has reported higher consolidated profit of HKJ4O 24 million ($30.82 million), for the year ended Dec 31. The company has declared a final dividend of 80 cents ($3.50) with capital increasing as a result of a one-for five bonus issue and62 words
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Article668 1979-02-22 8 TOKYO Source: DBS-Daiwa THE NIKKEI Dow Jones average lost ground again yesterday after a two-day consecutive slight decline. However, some export-relat-ed issues including lightelectrical issues advanced sharply, as the dollar against the yen appeared to be gradually firming. Turnover continued relatively light with an estimated 220 millionSource: DBS-Daiwa - 668 words
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Article313 1979-02-22 8 Source: SH IF THE market went up on Tuesday on unconfirmed reports that China was pulling back from Vietnamese border areas and low interbank rates, then the reverse happened yesterday. Press reports said that fierce fighting was still taking place and interbank rates firmed up. Hang Seng index: 514.99Source: SH - 313 words
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Article249 1979-02-22 8 THE market closed lower in slow trading, dealers said. FEB 21 Bahts Asia Credit i 370 -16 Asia Fibre 249 -4 Ayuthaya Inv And Trust Bangkok Investment 330 -4 Bangkok Bank 380 unch Bangkok Drying And Silo Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon 304 unch Bank Of Asia249 words
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Article255 1979-02-22 8 FEB 21 Cento INDUSTRIALS A. C I 182 2 A N 1 178 unci) A P M 129 Ampol Pel. TJ unch B H P 1045 -10 Bank NSW 350 unch Boral 228 -4 Brambles 185 -1 C B A 255 C s R 356 4 Coal Allied 480255 words
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Article129 1979-02-22 8 THE market closed mixed across the board yesterday with commercial issues dipping while minings and oils closed higher at the Manila and Makati stock exchanges, dealers said. FEB 21 Pesos Acoje Mining .0106 unch Atlas Con A Atlas Con B 25 50 0.9 Bagulo Gold .0115 ***** Benguet Con129 words
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Article66 1979-02-22 8 FINANCIAL TIMES INDUSTRIALS Tuesday 480.3 Monday 460.3 Week Ago 455.4 DOW JONES AVERAGE INDUSTRIALS Tuesday 834.55 Monday closed Week ago 830.21 LONDON DOLLAR PREMIUM Tuesday 89 1 i to 90 Monday 88 to 89 H.K.HANG SENG Wednesday 514.99 Tuesday 521.46 Week ago 530.37 SYDNEY INDUSTRIALS Wednesday 486 9866 words
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Article1448 1979-02-22 8 NEW YORK STRONG fourth quarter earnings reported by Eastman Kodak sparked a rally among blue chip and glamour issues and stocks closed higher in light trading on Tuesday. The market had been slightly higher most of the day despite the China-Vietnam conflict and continued factional fighting1,448 words
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Article231 1979-02-22 8 FEB 20 C* A MM** 18 s A lean 43 A1 gonna 2B'« Bank Mont 25 -4 Bank Nova Srolia 24* 4 Bell Tel 63 T -4 Beth Corp BP Can Ltd 23-v unch Brascan 194 4 Camp Red Lake 40'« 4 Can Imp Bk 28 Can pac 25*231 words
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Article317 1979-02-22 8 FEB 20 Rand INDUSTRIALS A Alpha 140 unch Abercom 240 -7 AE And CI 385 -15 AMIC 1290 unch Barlows 545 5 rg Sugar 575 -5 CNA 205 -10 Currte Finance 100 -5 Or Beers Ind 1490 -10 Edcon 345 -5 Edgars 4400 unch Eveready 200B -78 Fed Volk317 words
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EUROPEAN MARKETS
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Article192 1979-02-22 8 FEB 20 Francs Actions Sui&ses 299 unch Alusuisse Br. 1450 5 Alusuisse Reg «01 J Brown Boverl Br 1810 10 Clba Geigy Br 1305 15 Clba Gelgy P C 10B0 5 Clba Geigy Krg T05 unch Credit Suisse Br 2395 unch Credit Suisse Reg 450 unch Elektrowatt Br 2050 5192 words
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Article201 1979-02-22 8 feb 20 ru ABM ***** 15 Ahold U7 20 unch Akzo SI 70 0.6 AMEV 91 80 04 An fas 111-20 -05 Amrot Bank 76 60 04 Brrgoss 54 50 unch BerS *4 70 unch Bols W 70 0,2 Borsumij 166 00 0.5 Burhmann 7260 03 Byenkort 87.60 04201 words
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Article288 1979-02-22 8 FEB 20 Fa OKBKIU.K Air-Liquide MO 50 *0« B S N Gervais Dtnont «1 10 *1 C S F (Thomson f't) 356 -1 Cit Francaise des Retro les 138 50 -02 Compaffnie Financier* Compa«nir Generate 380 50 2.5 Credit Foncler De France 425 90 -01 Hachette (Libralrie) 230 8288 words
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Article227 1979-02-22 8 FEB 20 Dm Aef-Telefunken 68 00B Ak»o 29 40 +04 Allz Leben 856 00 unch A1U Ver* 480 00 unch BASF 134 10 +14 Bay H T Wbank 2T800B Bay Vbank 286 SO 3-9 Bayer 136 80 08 BBC 286 50 1.5 BMW 226 00 2J Cuitlli 388 00227 words
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Article94 1979-02-22 8 FEB 20 Fri FORWARD MARKKT Acrt <34 Arbcd 2330 *30 Astur 708 I® Bra-scan Am -3 Bru-Lamb 1825 Can par 614 ■4 Cock 4*5 D* Beers 211 -1 Ebes 2456 20 Electrobel 8910 20 Gb-Inno-Bm 2610 80 Gev 1370 10 Hobo It 2950 unch Prtro 3975 80 Ryl Dutch94 words
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Article111 1979-02-22 8 FEB 20 Lire Ante 35 4 125 Assoc Gen ***** 400 Bat tog l 520 6 Centrale 4700 *240 Flat 2770 -70 F insider ***** 425 Gen Immob 66 75 -0 3b IFI Prl 2215 46 Italeemenli ***** 210 I tains 792 I. Italsider ***** Ma«neti M Pf 546111 words
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Page 8 Advertisements
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Advertisement156 1979-02-22 8 t TTJTiTiri J 1 > > A jninU Study with the f4/m UNIVERSITY DDCDADATTtDV M UNIVERSITY PREWVRATORY SCHOOL TORONTO, ONTARIO #UPS specialises in preparing overseas students for Grade 12 and 13 Examinations leading to entry to Universities and Colleges in Canada and USA. UPS is registered with the Ontario Ministry156 words
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BANKING AND FINANCE
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Article, Illustration814 1979-02-22 9 NYT THE US Treasury Department has proposed fundamental changes in government regulation of banks, savings and loan associations and other financial institutions, to pay more interest to small savers and enable the institutions to compete more vigorously for customer deposits. The proposals areNYT - 814 words
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Article154 1979-02-22 9 Reuter COUPON rates at this week's issue of British Municipal Authority bonds declined sharply from last week's, reflecting the easier trend in UK money markets. In the fixed interest sector, one year bonds eased to 12 1/2 per cent from 13 3/8 per cent, two yearReuter - 154 words
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214 1979-02-22 9 SINGAPORE has repurchased 7,122 mmm of gold from the laternatloaal Monetary Pud (IMF) at the official price of 35 SDKs aa tuee. This was Singapore's share la the IMF's third sale of gold holdings to members at that price. The Republic214 words
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Article141 1979-02-22 9 EUROPEANS are likely to develop a gold futures market la view af Ike rapidly expanding business la geld trading aa US exchaages. Disclosing this, Mr. laa Mogaw, maaaglag director of U><- iateraatJooal Commodity Cleariag House, af Loadoa, la a speech to the US National Futares Industry141 words
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MONEY AND EXCHANGE$
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Article301 1979-02-22 9 SINGAPORE gold futures yesterday closed generally firmer against Tuesday's closing after fluctuating marginally throughout the day, dealers said. Trading was fairly active and turnover rose to 394 lots from 247 on Tuesday with interest again centred on April, June and August contracts. April closed higher at U*****.40 60 per301 words
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Article493 1979-02-22 9 THE US dollar came under some selling pressure in the afternoon and closed weaker against major currencies on the foreign exchange market yesterday. Opening at 201.50 60 against the yen, the US currency first made its way up to 201.80 90 at around lunchtime. After that, it was493 words
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Article146 1979-02-22 9 Asian rates ASIAN currency deposit interbank rates as at close on Feb 21: I'S Dollara(Spot) Offer Bid 7 days 10'- 10'. 1 month 10 9/16 10 7/16 2 months 10 7/16 10 5/16 3 months 1011/16 10 9/16 6 months 11 10 9 months 11'. 11 12 months 11 10146 words
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Article21 1979-02-22 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.75 per cent.21 words
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Article53 1979-02-22 9 Range of price* offered by discount houses on Feb 21: Overnight 4'• to 4' Call deposits 4*< to 4 Closing Buying Selling 3 month Treasury bills 4 7/16 4 5/16 3 month Bank bills 711/16 7 9/16 3 month CD 7 T 6 month CD 7'. 7 Source: National53 words
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Article185 1979-02-22 9 THE DOLLAR yesterday opened slightly firmer on Tuesday's close here in line with the steady trend in New York overnight and the Far East in the day, while sterling moved ahead noticeably, dealers said. There were no new significant factors concerning the dollar which opened at 1.8565 75 marks,185 words
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Article178 1979-02-22 9 THE US dollar for overnight delivery yesterday closed firmer at 201.70 yen, compared with a 201.50 opening and 201.20 at Tuesday's close, after modest Bank of Japan intervention. The Japanese central bank sold an estimated US$5O million at between 201.80 and the day's high of 201.90 throughout the day178 words
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Article147 1979-02-22 9 THE US dollar yesterday dropped from its earlier highs in the day against major currencies but was still quoted above New York's closing elvel against the yen in late trading, dealers said. Early quiet trading gave way to hectic dealings as European operators began to sell dollars in the147 words
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Article63 1979-02-22 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $30 million 91-day Treasury bills to be issi jed from Feb 26 to March 2, and a total of $10 mi llion 273day Treasury bills to be issu ed on63 words
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1159 1979-02-22 9 NYT A MAJOR international rescue effort for the financially strapped government of Turkey, which could involve as much as US$l billion in new loans from government agencies and private banks, is moving toward completion. The money will be made available. American officials and bankersNYT - 1,159 words
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507 1979-02-22 9 JAPAN'S Finance Ministry is considering allowing Japanese foreign exchange banks to make foreign currency loans to Japanese borrowers (mainly Japanese corporations) for operational purposes, ministry officials said. The move is being considered as part of the government 's foreign exchange control liberalisation programme.507 words
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Article109 1979-02-22 9 CANADIAN Supply and Services Minister Pierre de Bane said the government will announce its decision on production of a one-ounce gold bullion coin within the next two weeks. If approval is granted, the coin will rival the South African krugerrand and could be on sale by109 words
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Article52 1979-02-22 9 THE prime lending fates of the Hoagkoag and Shaaghai Banking C«rp*ratlaa aad the Chartered ißank ii Singapore are each 8 per cent aad nat 1t.5 per eeat aa reported La yesterday's Itasiness limes. The refer«aee to the two hanks was made la the context of their activities52 words
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Article, Illustration231 1979-02-22 9 Reuter WEST German Economics Minister Otto Lambsdo rff does not believe the European Monetary System (I£MS) will start until at loast July. He said the French government does not expect this week's bilateral talks with West Germany at Aix-en-Provence to solve differencesReuter - 231 words
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Page 9 Advertisements
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Advertisement143 1979-02-22 9 Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. David Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker The book gives a brilliant rundown143 words
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DEALS DONE ON THE SES AND KLSE
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Article1212 1979-02-22 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified All Time Settlement Contracts are quoted after the word ~s ett". Big Board1,212 words
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Article91 1979-02-22 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday. the period, bids and offered prices and business done, if any. with the number of options traded shown in brackets. Ha roe P E (March $1.45) (0.358 0.415). 1 Debt-ape (March $130) (0.318 0.375).91 words
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Article139 1979-02-22 10 4 1/2% 1/8/80 (250.000) (99 408 99.485) 4 3/4% 15/9 80 (250.000) (99 68B) (4) 99.75 5% 15/4/81 (250,000) (99 638 99.755) 5% T F 1/5 83 (250.000) (100 108 100 20S) 5 3/4"3t T F 15/6/81-84 (250.000) (102 30S) 5% 13/11/84 (250.000) (100 008 100 05S) 7%139 words
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Article158 1979-02-22 10 SINGAPORE I NIT TK18T (Nuiim' prieei i far Feb The Commerce 2.14 2.27 The Saving Fund 133 141 S pore Projf Fund 0.94 099 S pore Sec Fund 1.73 1.83 S pore Invest Fund 121 128 ASIA I'NIT TBI ST (MiMim' prim i far Feb B) Mai Invest158 words
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Article2577 1979-02-22 10 Gr'« Gr'« Net 1978/79 Last Div Div Y'ld P/E Vol Day High Lo« Company Sale or- C'vr (*000) High Low SECTION ONE INDUSTRIALS 272 132 Acma 222 12.0N 1.3 5.4 24.1 190* 123' Alcorn 189 10.0 2.2 5 2 14.0 178 107 Allied Choc 119 -6 10.12,577 words
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Article1393 1979-02-22 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchanfe yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. industrials Ajlnamata (2.8 OB). Alaam <1 #3B I MS) (S) 1.93 at*1,393 words
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Article221 1979-02-22 10 Ayer Mniek Rakker Company BM: AGM to be held at No. 22, Jalan Gelanggang, Malacca, at 10.00 am tomorrow. Veaeer Prndncts Ltd: AGM to be held at Suite 2716, 27th Floor, International Plaza, Anson Road, at 10.00 am on Feb 24. The Straits Time* Press (1R5) Ltd: AGM221 words
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Article, Illustration763 1979-02-22 10 IN THE abacs** af geaaiae Investment support, shares took an an easier Mas la dall aad featareless tradlag at tke Stock Exckaage of Slagapare yesterday. Valnme remalaed oa tke law side. Oae sare sign tkat Investors were aat skawiag aay laterest was763 words
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476 1979-02-22 10 CAUTION and uncertainty ruled on the Kuala Lumpur stock market as prices drifted in extremely dull trading to close a shade easier yesterday. The scarcity of buyers was apparent as investors withdrew to the sidelines, leaving the trading floor to bargain-hunters and476 words
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COMPANY NEWS
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Article, Illustration2068 1979-02-22 11 ARTHUR NG - THE RISE IN TIMBER PRICES IS ANYTHING BUT INCREDIBLE The timber market is a peculiar one. Although an exhaustive commodity, log prices have shown greater volatility than that pertaining to other commodities, being more susceptible to immediate effects on shifts in supply2,068 words
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Article184 1979-02-22 11 AS EXPECTED by chairman Mr J.N. Savory, IK-incorpo rated Idris Hydraulic Tin Ltd. suffered a sharp profit decline fur the year ended last December. Estimated pre-tax pruftt befure exchange adjustment plunged 44 per cent to £258,596 following a 29 per cent decline In sales of tin concentrates184 words
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Article218 1979-02-22 11 Current Payment Ex Date Books Close Date Total for Total for Payable the year Previous year Temerloh A Molek Sel Dredge B Kawan Duff Dev M Bank G 1 Hldgs STP (1975) Times Pub YHS YHS <M) B Kawal Sel Nut I'lu Benut SP Textile K Sidim KL218 words
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Article94 1979-02-22 11 Company Particulars Ex Date Books Close Sri Nut P. Products Toshiba Nat Iroa Bovis SEA Bonus Issue of 2 lor 3 Bonus Issue of I for 4 Rights Issue of 3 for 2 $1.50 per share Bonus Issue of 1 for 2 Rights Issue of 3 for 594 words
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Article623 1979-02-22 11 CHAN BONG SOO - Market Talk... By CHAN BONG SOO AS THE chartists see it, the Singapore stock market is currently in its bear phase, the end of which may possibly be in June this year. In its latest investment digest, the stock broking firm Ong and Company points623 words
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Article460 1979-02-22 11 mssm by HOCK LOCK SIEW THE market is really la a grumpy mood and even Sime Darby with all its scintillating half-time results could not bring the smiles buck on the long faces of the bulls. In two trading days since Sime released itsby HOCK LOCK SIEW - 460 words
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Article44 1979-02-22 11 Pretax profit for the year ended Dec 31, 1978, was MJ14.79 million compared with $14.22 million previously. Mortgage Loans Receivable as at Dec 31 were $349.61 million ($280.26 million). The directors have recommended a final dividend of 15 per cent.44 words
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Article53 1979-02-22 11 an- nounced that at the close of its five-for-eight rights issue on Feb 7, it had received acceptances in respect of 5,763,240 shares from the shareholders of the company. The balance of 3,242,760 shares have been taken up by the underwriters, Malaysian Industrial Development Bhd and Malaysian International53 words
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Article45 1979-02-22 11 Unaudited pretax profit for the six months ended Nov 30, 1978, was MJ1.85 million compared with $1.18 million in the previous corresponding period; with crop harvested of 14,661 tonnes FFB (13,544 tonnes FFB) on 1,880 hectares (same) of mature oil palms.45 words
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Article41 1979-02-22 11 Unaudited pretax profit for the first six months ended Dec 31, 1978, was MJ9.55 million (|7.17 million) on a turnover of $31.89 million ($25.4 million). The directors have recommended an interim dividend of 12' it per cent.41 words
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Page 11 Advertisements
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Advertisement360 1979-02-22 11 ilij JiTl A HOME? Then look for it in Business Times classified property advertisements an easy to read guide to the available properties at the top end of the market. Home-hunters are especially catered for in the new LEISURE TIMES supplement that comes with Business Times every Saturday morning. If360 words
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773 1979-02-22 12 VIETS POUR REINFORCEMENTS AF Reuter HEAVY fighting was reported on the eastern end of the Chinese Vietnamese border yesterday, as Vietnamese reinforcements poured into the Lang Son area. At the other end of the invasion front, the Chinese captured Lao Cai, northwest Vietnam's major commmunicationsAF; Reuter - 773 words
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Article380 1979-02-22 12 NYT THE US and other Western members of the UN Security Council agreed after private talks on Monday to support a council debate covering both the Chinese attack on Vietnam and the Vietnamese invasion of Kampuchea. However, the Western group, which included Britain. France, Norway andNYT - 380 words
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128 1979-02-22 12 PROPOSALS for a SouthEast Asian regional bankers' acceptance market will come under study at a three-day meeting of the Asean Banking Council, starting Feb 23 in Bali. The proposals, in study by Singapore delegates to the meeting, indicated the market would be feasible and128 words
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Article718 1979-02-22 12 LONDON. Wed. Government bonds closet! unchanged today and shares finished up to 6p easier in quiet trading, dealers said. At 3 pm the Financial Times index was down 1.9 at 458 4. Rt BBKK PHYSICALS LONDON. Tues Spot SI 50. 63 00. CIFs March 61 00. 61.25; and718 words
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Article, Illustration57 1979-02-22 12 AMERICAN Secretary of State Cyras Vance and Israeli Foreign Minister Moshe Dayan have a moment's trouble deciding the direction they should go as the Israeli delegation arrived at Andrews Air Force Base on Tuesday on its way to a round of negotiations with an Egyptian delegationAP photo - 57 words
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307 1979-02-22 12 Reuter A HIGH-LEVEL Bank of China delegation arrives in Tokyo today for talks on Japanese financing of Peking's ambitious plans for industrial development. The Chinese officials are demanding credits and low interest rate loans to help finance some US$2O billion (SS44 billion) of proposedReuter - 307 words
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Article432 1979-02-22 12 Agencies SAUDI Arabia has advised a cautious approach to the issue of increasing world oil prices in present circumstances. The Saudi daily newspaper Al-Qabas quoted Mr Abdel-Hadi Taher, governor of the Saudi General Petroleum and Mineral Organisation (Petromin) as saying: "The Saudi government believesAgencies - 432 words
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Article146 1979-02-22 12 UPI JAPAN will propose joint development of new energy sources by industrial countries to ease their heavy dependence on West Asian oil at the Tokyo economic summit next June, government officials said on Tuesday. Officials of the Ministry of International Trade and Industry (Miti) saidUPI - 146 words
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474 1979-02-22 12 AS THE world's leading producers of primary commodities, Asean countries should use their resources in the same way the Organisation of Petroleum Exporting Countries (Opec) uses its oil. This is a far simpler and easier scheme than the Integrated Programme for Commodities proposed by474 words
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Article84 1979-02-22 12 AFP THE prwpecto ef a common market in Aseu are remote, the Asean Business Council said on Tuesday. The council, ending a three-day meeting in Manila, said that except for Singapore, other Asean members have competing agrarian economies that produce *n overlapping range of tropical goods. TheAFP - 84 words
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Page 12 Advertisements
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Advertisement165 1979-02-22 12 SEE PAGE 5 SEE PAGE 5 MPENGUIN BOOKSHOP The RUNNER'S Handbook RUNNERS HANDBOOK THE Kunhefs HANDBOOK 4 y J 1 m i «KV/Vf« I HA NO&OOK Tte ULTIMATE BOOK OH i RUNNING J =7 KUNHB«& WHY DO RUNNBK AMJtf SETTER LOVERS =i runn/exs HANDBOOK RUNNING I srtMuLHm IAUASItash OFHMLTNt} ©i165 words
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Page 12 Miscellaneous
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Miscellaneous56 1979-02-22 12 Outlook for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 prior to 7.31 p.m. on Feb 21 at the airport. Maximum temperature 32.1 Associated humidity 62 Minimum temperature 23.8 Associated humidity 96 Hours of sunshine 8.20 Rainfall in millimetres nil Total rainfallfor the month 92.4 Total56 words
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SHIPPING TIMES
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PORTSIDES
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Article85 1979-02-22 13 UPI THE FEDERATION of Asean Shippers' Council is scheduled to meet representatives of the Far Eastern Freight Conference later this month in Kuala Lumpur to discuss the conference decision to defer its proposed 8 per cent freight rate increase by a month. The South-east Asian shippers are alsoUPI - 85 words
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Article125 1979-02-22 13 AFP EGYPTIAN authorities on Tuesday refused to take delivery of two Norwegian-built river cruise ships because of a dispute over specification. A spokesman of the Ministry of Tourism said they had an excess draught of 30 centimetres, rather than nine centimetres as affirmed by the Norwegian MinistryAFP - 125 words
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Article71 1979-02-22 13 AFP A WEST German freighter ran aground after its rudder failed at the entrance to the harbour at Aveiro, North Portugal on Monday. Portuguese air force helicopters lifted the four West German and Turkish crew members of the Martina to safety. Port authorities said the ship, carryingAFP - 71 words
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Article, Illustration194 1979-02-22 13 TATSUMI Marine of Japan has extended its liquid bulk cargo shipping service between Japan, South Korea and the Philippines, to cover Singapore, Malaysia, Indonesia and Thailand. The extended monthly service was inaugurated recently by its new multi-purpose chemical tanker, Southern Ace. Currently on her maiden voyage, the194 words
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Article613 1979-02-22 13 RAHIM KASSIM - By RAHIM KASSIM THE HANDFUL of container freight stations (CFS) in Singapore will have to contend with a new competitor when Ng Teow Yee and Sons' Jurong CFS complex becomes fully operational next month. The first phase of the project on a 2.2-hectare piece of land613 words
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Article194 1979-02-22 13 UPI CESSATION of Iranian oil exports is now biting more deeply into the supply situation and is posing a major problem for shipowners and charterers who are experiencing great difficulty as a result of bunker shortages and spiralling prices. Freight rates demonstrated a marked upturn necessitated toUPI - 194 words
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4166 1979-02-22 17 SHIPPING LIST where your ships are due and when SCHEDULE A guide to ships loading at Singapore for Ports around the World 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 of4,166 words
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Article471 1979-02-22 17 Shipping Line PMf C4 ACS II 5 Afea IV 3 Aguila IV 2 Alltrans IV 3 Alpac IV 5 Angkutan IV 4 ANL I 1 APL m 2 Arya Nat II 5 ASCI. HI 5 Asia Merchant IV 3 Aust Cont IV 5 Bank ii 5 Banner V 2471 words
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Article984 1979-02-22 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the984 words
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Article902 1979-02-22 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN)—Unipacific. Alpac Line—lntrasea.902 words
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822 1979-02-22 18 FAR EAST FREIGHT THE FREIGHT market is active with rates moving up slightly in a few sectors but most are steady. Most owners and traders are improving their positions. Fixing of vessel is increasingly active as it appears the second half of 1779 will822 words
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Article471 1979-02-22 18 COMMON Market transport ministers made some progress on Tuesday in the search for a common shipping policy which would help give developing nations a bigger share of international cargoes. The nine-nation community has been trying for four years to find some way to overcome opposition within471 words
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Article, Illustration388 1979-02-22 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Seta war (0400) 19 Car Liner No. 1 (after Arcadia) 47 Centaur (after Arcadia) 46 Dong Min (after Fortune Victory) 40 41 King Dragon (after Golden Eastern) 22 Kota Harapan (0700 after Kota Sejati) 10 11 Kota Tanjong (1500 after Kota388 words
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Page 13 Advertisements
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Advertisement412 1979-02-22 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pte Lid Tel 9265' Harrisons A Croslield Kuala Lumpur Tefc MMtvl Pernas-MISC Penang Tel: ***** .1 AR DIN I ANI A H Orient Overseas Co*thu*te4 Line FULLY COHT SERVICE TO EUROPE (VU SUEZ) CICVAIfR ROZE 12W In Port412 words
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Advertisement227 1979-02-22 13 fSI SEALORD ANTAH n L"* Bv UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 106 TON H L Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICEi S pore Loading for Dubai (12/3). Abu Dhabi (15/3). Doha I (18/3). Dammam (24/3). Kuwait (27/3). Mina Al Fahal227 words
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Advertisement323 1979-02-22 13 NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE MERISED SERVICE IIIUULH.JLI F stow Hawe R dam H buff Btei» A t !7 Fet 2t Fet 21 Me 17 Mat II Mar ?0 kU< 71 Mi> 23 Mm 7 Mar 8 Mar 28 Mar 24 Mar 25 Mar 27 Mat 2t323 words
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Advertisement728 1979-02-22 13 afea line See Page IV Column 3 for sailings Afrits Sinp-uofe Shipping Agencies Pte Ltd Sin:? GfWil *****1 A M sia" Euro toa line Sdn Bhd 4 fc4 *<**< imc 3 fhm, M'«i: PLH-LY CONTAINERIZED FAST DIRECT WEEKLY Singapore Baltimore 21/2 a/2 Anwrid Ma 3/3 4/3 Arlto* Ma 5W' Own728 words
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Page 14 Advertisements
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Advertisement721 1979-02-22 14 11l I I Hapag-Uoyd FULLY COhTNWBED TO EUROPE EXPRESS CONVENTIONAL TO EIIWPE Peter R» 24/2 25/2 21/2 30/3 U/4 9/4 6/4 3/4 Mult 14/3 15/3 11/3 1 7/4 10/4 28/4 26/4 23/4 21/4 FULLY CONT MOUSED TO GENOA/TRRTI Spare r IM| Gam Trmt« Chntfar IM 24/2 26/2 17/3 23/3 H*ata721 words
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Advertisement354 1979-02-22 14 is To: CANADA/USA Padfc Coast ir T'll l 27-nn 13.15/3 21-22/2 17/3? m z*\ MM imtmt Swtiii Stop 26-21/2 14-19/3 Lts Anf«tn Sm Ffjncsci 23-24/2 I lt-11/J 11-U/4 2526/4 *l/LOZ > xPPfSS ARABIAN AND IHAS I AS PORTS 'J T fm?' ]B, fIfAVY-UFT CAPACITY 290 TONS) Tr DUBAI. DAAMAM. KUWAIT354 words
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Advertisement607 1979-02-22 14 EVERGREEN LINE FAR EAST/RED SEA MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCtPTWG CARGO FO* GENOA. LATTAMA BEMUT ALEXANDRIA. BENGHAZI. TMPOLI (ÜBYA) itmt 'MM LMN» Mvcy It Mb Sib Ulh Ilk 22« i Mk »M* Nn tim i 7Ma 21 Mv »Mm MMm 2Am «Am J Apr *mmh 23M» <607 words
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Advertisement956 1979-02-22 14 "BURMESE NATIONAL LINE' w B.F.SS.C Agent* n Motoysto TEPS MALAYSIA Port Ketang T«M3B>-7355 Penang TM *****/***** t A. C.I. F. MfJ "ARGENTINE NATIONAL LINE" CtA Transporttaon Maritinu Ntaicsni S. A. "MEXICAN NATIONAL LINE" fm usi mco i comi* moo »*a "w TMI Mm# af LaMiT IQADMG FOR ENSENAOA MAN2AMLIO ACAPUCO956 words
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Advertisement620 1979-02-22 14 r mO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 2 IST FLOOR MARINA HOUSF SHF \TON WAV VISTRI ROAD SINGAPORF 2 TFI *****44 7 4 *****70 IO SANKYO LINE AUSTRALIA SERVICE TO MM TIMET STAR. MAT BREE3. MKT PmCL MAT BREM SjM I* Pwt STO, MEL. ADEL 2< Feb/2620 words
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Advertisement611 1979-02-22 15 OCL Overseas Containers Limited CWTimf OCt TO MK/COWTHWT: CONTAiNERSHP SERVICE FROM UK/CONTMENT E lfbar| ta rtvn Havre SIM Plata* Sptre Na«t Part* Dmi Mm UM IM UW Uri kM W.HIS Mq[p. UM SaM Uri 1— faW lb TK.W.OU UM.b, tM hW kW M lb lib UM bM faM UM M611 words
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Advertisement779 1979-02-22 15 GRANARD LINE 4 KST MMB-FM EAST/MQXTIRAAIEAN S'pm PMMI Fat 21 Feb M« MM M 12** m kssus teams comma cmgo Opberti/Mtob/P SaM/ Atniandria Borirt lattatu. Pireans' T ripo* Dtmtoi MM/fM/Moiata; Be*«t, Lmassoi lattaAra, P»t«B Be«(hazi Ktanbrt MM P SaMAleiandna/ Bear »t l»lt*u/Pwuus/B««|htti Tnpok/btaatwl EAST BOMMnXTORMCM/FM EAST iV. IX 1 ftp779 words
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Advertisement443 1979-02-22 15 BEN LINE CONTAINERS El BEN ASIA CONTAINER SERVICE EXPRESS CONTAOO SERVICE STRJUTS/TAMAN/MfAN Ckpper Act 3903 Chppet Act 3804 Bomta Act 1005 CUppef Act Bomu Act NAkot) Mara Benny Trader Ckpptt Act M(a Ac* STORE BENLBf Ki. BENLM S port PWM| Pom* Km tat Mm Kobe 23/2 SiM toPprl 1/3 6/3443 words
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Advertisement513 1979-02-22 15 II Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ at—i i?/i FMKDCA a/1 «-l EUMM a/i an WEEKLY SAILINGS EASTBOUND 1) 7) Ktan 3) IM 4) r«w S)LMU) MMto t M»n Sgt MM Mri IM IM faM bW a/2 27/2 faM MM MM faM MM 14/1 7/3 MM MM kM513 words
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Advertisement487 1979-02-22 15 GUTHRIE BOUSTEAD AGEMCMES THE BANK LINE LTD. LYKES ORIENT LINE EXPRESS SERVICE IMRECT FROM SMGAPORE TO NEW ORLEANS. MULE. HOUSTON. GALVESTON ALSO ACCEPTMG CARGO FOR BANGKOK. MANLA. TAIWAN. HONGKONG PUSAN AN) MfAN PORTS SINGAPORE *****4 PTKfIANG *****' i KUALA LUMPUR *****1 PENANG *****1 I I'll. MM--: FESCO LINES FESCO STRAITS487 words
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Advertisement746 1979-02-22 16 t Kline KAWASAKI KISEN KAISHA. LTD. TO EUROPE S port P Ketang L Havre B Jim In Port 23 Fefi I 10 to Uto 17 Mar 18 Mar C RO/E 12* 23 Feb 10 Bar w nwr ij •OMAN lACEWON 1* 17 to II to 20 to 21 CONTAWER H*746 words
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Advertisement769 1979-02-22 16 U.S.A./EAST CANADA SERVICE ACCEPT* fa/ia CONTAMBB HUM POMMG. P RaANG. STORE iu*( tar mw rem. nrau E.C./GREAT LAKES SERVICE laadtag tar: NORFOU, NEW TOM. MONTICAL. TORONTO Penang t Rata* Singapore IBM RHARTT (NBA 2) SO) 24/25 FA M PV23 FA CALIFORMA/PACFIC NORTH NEST SERVICE LaaAig tar LOS ANGEIiS. SAN FRANCISCO769 words
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Advertisement326 1979-02-22 16 T S Si A I>||| SINGAPORE SHIPPING AGENCIES PTE LTD .1; SIM, tl'OHl LSI I M)S IM I Mr* 14« ta Pl/22 FM M 21/7 Mb IM> 21/29 Mb IM n/3» Ma IM 14/ II Apr DSRLINES FAST SOSCONTAMEI 810 Fb EBtpt F ENGOS NOMMMfiD) POTSDAM Sport rUw Penjnj Rlatii326 words
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Advertisement657 1979-02-22 16 ir r-*H .MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BCKHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WEST KMP: Feeder tUMi Vcud 2) Mam 3) Htag 4) Gburg CSlSsmuS I) Barcelona Genoa 2) Amiterdan Antverp L Havre Bremenhaven Aartws. CmmPtagm Htfcmki 4) kUwno •Vcep»m| Europe cargo lor teeter na Sport Bdbao. Bask UK. 3)657 words
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Advertisement661 1979-02-22 16 INTRASEA (PTE) LTD. F .iff 1 HOUSP O'Chrtrd Road Sir>aa[yOr«? 3 Toiephonf 352* 1 *****5' Bovtofw Ta 1 Mb H mm Am/tow* •nwu (no in zbmu hook *****57 to 9mm i im— mm mm *mn ■na cmaut mmm mm- »w. am/? Line STRAITS/AUSTRALIA SERVICE Singapore P Kelang loadng tar: FORTUO661 words
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Advertisement244 1979-02-22 17 K KARLANDER (AUSTRALIA) PTY. LTD. Independent rejiiar container service from East Australian ports 4MKI STAR *36 iWMRSTAR 37 23 Feb •MMOND STAR *38 14 Mar «Mt STAR 39 16 Apr i 23 feb 28 Feb 26/27 Mar 28/2 V3B 14 M» 18 Mar 16/17 Apr 18/1 8- 16 Apr 20244 words
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Advertisement249 1979-02-22 17 BLUE STAR LINE SINGAPORE/NEW ZEALAND SERVICE AUSTRALIA SMS SPORE 71 AUSTRALIA STAR STORE 2SI FULL CORTAMERSHP SERVICE ACCEPTMG GfHRAI AND REEFER TO MAM W PORTS SPORf AGENTS MERIION SHPPMG AGENCY PIT LTD TEL *****44 -f©- Iniquo SHIPPING TRADING CO.. (PTE) LTD 66/68 Cacil Str««t Singapore 1 Tel *****22 114 L.nesl.249 words
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