The Business Times, 2 June 1979
1979-06-02
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The Business Times
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Title Section10 1979-06-02 1 BUSINESS TIMES M.C.(P) No. 14C/1/79 SATURDAY, JUNE 2,1971 50 CENTS10 words
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BRIEFLY...
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Article126 1979-06-02 1 THE GOVERNMENT will promote Singapore as a centre housing some of the best professional services in this region by the 1980s. The Minister for Trade and Industry, Mr Goh Chok Tong, said at the opening ceremony of the first International Convention of Professionals yesterday: "The development of126 words
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Article75 1979-06-02 1 Reuter. MADRID, Fri. Spain has protested to the Netherlands over a Dutch public inquiry into the world's worst air disaster two years ago in the Canary Islands, Aviation Ministry sources said today. Two Boeing 747s from the American airline PanAm and the Dutch national airline KLM collided atReuter. - 75 words
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Article65 1979-06-02 1 Reuter. MANILA, Fri. British Trade Minister Cecil Parkinson today assured Philippine President Marcos of British support for stronger ties between the European Economic Community and Asean. Mr Parkinson, the highest ranking member of Britain's new Conservative government to call on an Asean head of government, arrived thisReuter. - 65 words
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Article79 1979-06-02 1 Reuter TAIPEI, Fri. Taiwan's real economic growth in the first quarter of this year was 10.2 per cent compared with the same 1978 period but slightly lower than the forecast 10.7 per cent, preliminary government statistics show. The lower-than-predicted growth was attributed to higher inflation with the grossReuter - 79 words
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Article47 1979-06-02 1 AP TOKYO, Fri The US dollar, reacted sharply on the Tokyo foreign exchange today, closing the weekend at 221.40 yen against the dollar, up 1.85 yen from yesterday's finish of 219.65 yen. It also was higher than last Friday's closing of 219.225 yen. APAP - 47 words
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Article78 1979-06-02 1 UPI. NEW YORK, Fri. The stock market wandered aimlessly early today in sluggish trading. The Dow Jones industrial average, which managed to add 0.17 point yesterday, was off 0.08 point to 822.24 around 1500 GMT. Declines led advances, 467 to 458, among the 1,390 issues crossing the tape.UPI. - 78 words
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Chief Price Changes
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Article130 1979-06-02 1 Rises Indices Sthn Malayan Petaling Selangor Dredg 1490 1000 440 35 10 10 B.T. Index: May 31 Jun 1 2300.23 2316.20 Sin Chew 424 10 Industrials: 400.22 400.22 Kempas 505 7 Finance: 696.46 696.29 City Dev 133 7 Hotels: 294.20 293.50 Rothmans H Gilfillan Berjuntai Nat Iron 470 310130 words
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Article, Illustration147 1979-06-02 1 Falls Indices D Keramat 1270 -20 May 31 Jun 1 Minsec 332 -16 B.T. Index: 3389.55 3410.48 Toshiba 300 -10 Industrials: 429.70 429.99 Kluang 410 -10 Finance: 623.85 623.50 Carls berg 470 -10 Hotels: 257.75 257.75 N Iron 530 -10 Properties: 243.22 243.95 Berjuntai 825 -10 Tins: 206.63147 words
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323 1979-06-02 1 PETROL prices in Malaysia will increase by 10 cents a gallon from Monday to MJ3.48 for premium and $3.10 for regular petrol. This is much lower than the 18.4-cent a gallon increase requested by oil companies. Deputy Prime Minister Dr. Mahathir Mohamad, in323 words
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661 1979-06-02 1 JOHN LIM - INDUSTRIES BUY FROM STATIONS By JOHN LIM OIL companies in Singapore are curbing their supply of diesel oil to petrol stations although demand in certain areas have more than doubled. Petrol stations, especially in the Changi area, are reported to have seen a661 words
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682 1979-06-02 1 JOHN TAN - By JOHN TAN THE United Nations Conference on Trade and Development will soon be empowered to conduct a study on the effects that Australia's International Civil Aviation Policy (leap) is having on the economies of developing countries. This mandate is expected to be682 words
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Article95 1979-06-02 1 AN AMERICAN textile delegation is expected to arrive here next month to hold talks with local textile dealers. The delegation, which will also visit several Asian countries including Taiwan, will comprise mainly textile manufacturers. An American Embassy spokesman confirmed the delegation's Far East tour but added that the95 words
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242 1979-06-02 1 THE Singapore-United States bilateral air talks here has been extended far one day as both sides are still willing to make last-minute eoncessions. Hie US delegation led by Mr Robert Brown, acting director of the office of aviation In the US State242 words
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518 1979-06-02 1 CATHERINE ONG - By CATHERINE ONG HONG LEONG Finance Limited will announce a rights issue within the next few weeks as indicated in the chairman's annual statement released yesterday. The chairman, Mr Kwek Hong Png, said the company is currently finalising arrangements in consultation with518 words
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Page 1 Advertisements
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Advertisement5 1979-06-02 1 SINGAPORE BUSINESS The Business Magazine5 words
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Advertisement273 1979-06-02 1 Piling Up Big Growth Percentages Rates of Gain Most Investors Never Achieve Just before our latest report went to press, one of our early 110 recommendations on the over-the-counter growth market was accepted for listing on the New York Stock Exchange and climbed to $46. This meant clients who paid273 words
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Advertisement74 1979-06-02 1 LEISURE TIMES MORE details ihNt HSBC's M- SELF-effaclng strongman of storey Hg.. t libyt.« I PEOPLE In hnsiness........ I CRISIS bargaining Is Uncle US slaps quotas sn Chinese lex- Sam's Isrle 7 ti1e5.....'..:. S SINGAPORE Glass sparkles —11 TIN eres reserves sands ran- TOKYO premises Singapore ■i»g —i 4 mere74 words
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Advertisement180 1979-06-02 1 u Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. 'M i! I *****1 W3MS MMiS* I PH t, J- < t Its .VI \\7 ir.mrji '->0*33 I P* 31«7g3 CfS 3M3 7S *****1 IF YOU HAVE TO ASK THE PRICE, YOU CAN'T AFFORD IT -j-180 words
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TRADE AND INDUSTRY
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Article499 1979-06-02 2 COURSES AND TALKS March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development April 30-Aug 24: Tuition Courses for the Australian Insurance Institute Associateship, SITC, SITC May 29-June 7: Employee Training and Development, Holiday Inn, Personnel and Organisation Development June 4-5: Finance for non-finan-cial managers,499 words
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429 1979-06-02 2 TEO TECK WENG - WOH HUP GETS CONTRACT By TEO TECK WENG THE HONGKONG and Shanghai Banking Corporation will put up a new 20storey office building which is to serve as headquarters for its Singapore operations. The new office tower will be erected at the junction of Collyer429 words
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Article, Illustration297 1979-06-02 2 THE DISCOVERY of new oil fields in the seas of Southeast Asia as well as in the dense jungles has created a demand for more efficient helicopters used as communication link with drilling sites. Currently, many helicopters are being air-freighted from the United States into Singapore297 words
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Article, Illustration319 1979-06-02 2 MR David Brawl has been appointed controller of the dairy division of the Cold Storage group. A member of the Institute of Marketing in the United Kingdom, Mr Brown has for the last 20 years held senior appointments in several food companies in England. Mr Brown is319 words
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Article103 1979-06-02 2 A CONFERENCE on timber industry and woodworking machinery will be held at the Hyatt Hotel on July 17 and 18. Sponsored by the Timber Trades Journal and Woodworking Industry, it is designed mainly for sawmillers, moulding manufacturers, furniture and knockdown components producers and others who wish103 words
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Article97 1979-06-02 2 THE University of Singapore's Department of Extramural Studies is conducting three courses on stock market investment, business correspondence and electronics. Business Correspondence is an eight-lecture course for those who are interested in business letter writing. Introduction to Vacuum Technology consists of 16 lectures introducing the basic principles97 words
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Article63 1979-06-02 2 CONSULASIA will be conducting two seminars at the end of this month at Hilton Hotel. The first seminar is Making the Most of Your Advertising Dollar, from June 26 to 27, The seminar will cover planning, sales promotion, merchandising and evaluation results. The fee is $390. The other63 words
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Article57 1979-06-02 2 THE HOUSING Board's Second Shopping Centre at 9.5 km Upper Thomson Road has been renamed Venus Shopping Centre because of its proximity to Venus Road. Last year, the HDB renamed the First Shopping Centre at 8 km Upper Thomson Road to Lakeview Shopping Centre after the Housing57 words
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Article, Illustration151 1979-06-02 2 MINOLTA has introduced a compact plain paper copier which is targeted at the mid-range market, or users of an average of about 5,000 copies a month. The company claims that the EP 510 delivers copies on almost any paper regardless of colour, thus giving companies the151 words
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418 1979-06-02 2 INCREASED demand for space by exhibitors in past Imac '77 expositions has encouraged Interfama, the organisers, to divide this year's show into two specialised sections Imac-Asia '79 and Conpex-Asia '79. Imac, which stands for International Exhibition of Materials Handling and Construction Machinery,418 words
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202 1979-06-02 2 THE GOVERNMENT plans to hold a series of annual courtesy campaigns in the years ahead and hopes that in five to eight years, a significant change on the social landscape will be clearly visble. Speaking at the opening of the National Courtesy' Campaign at202 words
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Article88 1979-06-02 2 THE PUBLIC Works Department is carrying out repair and modification work on two pedestrian overhead bridges at Serangoon Road/ St. Michael's Road and Upper Serangoon Road/Lim Tua Tow Road. The bridges will be temporarily closed for four weeks until June 29. The department advises pedestrians to88 words
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Page 2 Advertisements
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Advertisement147 1979-06-02 2 Diethelm office chairs Elegant Impressive Functional and Comfortable True to Swiss tradition Every detail has been perfected to spell out quality Sophisticated chairs, built to suit the individuals posture For easy height adjustment chairs come with finger-tip control, either hydraulic or mechanical The 5-prong base of die-cast aluminium meets international147 words
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REGIONAL
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185 1979-06-02 3 Reuter. THE WORLD Bank and its affiliate, the International Development Agency (IDA), have announced loans and credits for Indonesia totalling US$36B million (5J809.6 million) to help finance three major development projects. They also announced loans and credits totalling $79 million to the Philippines,Reuter. - 185 words
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147 1979-06-02 3 AFP INDONESIA expects its crude oil production nowstanding at about 1.6 million barrel daily to rise by 100,000 barrels a day next year when the oil company Caltex Pacific Indonesia will have completed the development of two new rich oilfields in central Sumatra. This wasAFP - 147 words
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Article128 1979-06-02 3 AFP PRICES of kerosene, petrol and gas oil in Japan were raised yesterday amid price increases by the oil exporting countries and major international oil companies, according to industry sources. Prices of petrol and gas oil increased automatically with a 25 per cent rise in petrolAFP - 128 words
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Article75 1979-06-02 3 AFP DIFFICULTIES have arisen over the financing by the Chase Manhattan Bank of an international trade centre to be built in Beijing (Peking), according to a diplomatic source yesterday. The management of the American bank has not given the go-ahead for this US$2OO million (Ss44o million)AFP - 75 words
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Article, Illustration228 1979-06-02 3 AP TWENTY-ONE agricultural leaders from China arrived in Tampa, Florida on Thursday, donned cowboy hats and began a five-day tour to view American products ranging from chickens, cows and oranges to Mickey Mouse. The delegation, all senior Government officials, smiled and applauded as Florida AgricultureAP; AP photo - 228 words
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Article232 1979-06-02 3 AP PHILIPPINE Airlines (PAL) will begin twice weekly service to China from July 21, an airline spokesman said yesterday. Mr Enrique Santos said the service, to Beijing via Canton and back, will use the airline's eight DC-8s and probably two Boeing-727s just leased from Hughes Airwest,AP - 232 words
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Article142 1979-06-02 3 AFP CHINA has offered a big Italian construction and public works firm, the Institute of Industrial Reconstruction (IRI), 400.000 workers and technicians for civil engineering and major public works, Italian sources said on Thursday. The manpower offer the first of its kind on record wasAFP - 142 words
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Article, Illustration380 1979-06-02 3 Reuter. BANGLADESH could face famine soon if rain does not end the country's worst drought for 40 years, according to a government report. Vast areas throughout the country lie parched, and ponds and streams used for irrigation have dried up. Much of theReuter. - 380 words
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379 1979-06-02 3 MR lENG Sary, Deputy Premier of the Kampuchean government overthrown by the Vietnamese invasion last January, said on Thursday the former regime of Premier Pol Pot, now leading a resistance movement from a mountain redoubt, was ready to enter into coalition with its former right-wing379 words
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Article140 1979-06-02 3 UPI THE SEOUL government will liberalise the import of 46 items from July 1. The decision was included in a terminal import-export announcement which will remain effective for the second half of the year. This increased from 819 to 865 the total number of foreign commoditiesUPI - 140 words
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830 1979-06-02 3 NYT. THE UNITED States unilaterally imposed quotas on Thursday on five categories of textile imports from China following failure of the special trade representative. Mr Robert Strauss, to negotiate settlement of the issue in Beijing. A Washington trade official emphasised the Beijing talks endedNYT. - 830 words
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Article369 1979-06-02 3 THE China Ocean Shipping Corporation (Cosco) has offered to carry Malaysian rubber exports to Europe on its new monthly liner service due to start this month or in July. It has offered this service for dry rubber and bulk latex at a freight rate 15369 words
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Article87 1979-06-02 3 Reuter THAI Agriculture Ministry rubber division director Slearmlart Wasnwat denied a report from Jakarta that the military situation on Thailand's northern border was disrupting rubber exports. Indonesia's Gapkindo Robber Association earlier said in a report the border situation was hindering Thai aatnral robber exports, depleting stocks and helpingReuter - 87 words
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Page 3 Advertisements
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Advertisement57 1979-06-02 3 r i WTBANS MARITIME (8) PTE LTD MA .LEONIDAS A NGTRANB II Arrived »t PSA Ga4*tm 9 M General survey on damaged cargo discharged ex the above vessel will be held on 4th June from 9.00 a.m. lo 12 p.m. No further survey will be held after this date N(»57 words
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Advertisement191 1979-06-02 3 i V'- > |f Vacheron Constantin Rare objet dart for only a privileged few w f .1 > WW f <1 t*rv •••/."•> v MV k i< i;«, a, -.5 I 111 v-iy lit %-f >y r .X o» if :v -r I> <; ■a ■I'vjqr -l ;Ags= -K-A*.* Sin»191 words
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RAW MATERIALS
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784 1979-06-02 4 OPERATIONS TO CEASE SOON? RECENT estimates indicate that established tin ore reserves on or adjacent to existing mining operations will last only another decade or so at the current production rate. "This means that existing operations within most of the current mining784 words
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Article361 1979-06-02 4 OPENING prices in Singapore yesterday were marked down about four cents on lower London advices and the afterhours easiness here on Thursday, but the market then gained some ground on reports of an East European order. Values turned easier later on stale bull liquidation and forward offerings, dealers said.361 words
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Article30 1979-06-02 4 Rubber: June 1 Singapore: June: 304.00 cents (down 5.00 cents) Malaysia: June: 307.50 cents (down 3.50 cents) Tin: $1,992 (down $3) Official offering: 161 tonnes (up 31 tonnes)30 words
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Article439 1979-06-02 4 R A S prices In cents per kilo yesterday: Nooa (per kilo) Buyers SeUers Int. 1 RSS prompt f.o.b. 311.50 312 50* Int. 1 R.S.S. June 305 50 306 50 Int. 1 R.S.S July 296 00 295 50 Int. 2 R.S.S. 291 00 292 OON UK Coat 290439 words
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Article129 1979-06-02 4 NOON SSR and SMR pn cm veatenUy Jaljr RA8 Jaae (Correal Mtk) (Fan rd Mlk) Bayer* Salter* Bmy» tr* Saltan SSR 20 <1 too pallet 1 286 00 288 00N 285 00 m ous SSR 90 1 tor palleu 283 00 285 00N ***** 284 00N MRELB129 words
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370 1979-06-02 4 THE recent bull run was highlighted and extended in the week ended May 31, to a 20-year peak of 322 cents per kilo for current month One RSS as prices rose steeply by 16 cents, catching the market by surprise and leaving most370 words
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Article65 1979-06-02 4 THE STRAITS tin price la Peaaag yesterday eased Ms 3 to $1,192 a picul. Despite the evernight rise in Leaden and con tinned small supplies of tin concentrates (rem miners, the marhet eased mainly en Inch of strsng demand (rem all quarters, dealers said. Tetal tnrnever amennted te65 words
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Article341 1979-06-02 4 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0 95. 100 per cent second class o.®, 100 per cent third class 0 80, 25 per cent new crop no stock. B-10 per cent 0.79. THAI BROKEN: A-super 0.52.341 words
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Article169 1979-06-02 4 THE SUGAR futures market yesterday closed slightly firmer with gains of 0.05 US cents, dealers said. The day's spot sugar (Mice rose 0.05 to 7.75 cents, while July closed at 7.85/90 cents against Thursday's 7.80/85 close and May at 9.55 60 against 9.50/55 cents. Sugar futures closing prices:169 words
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Article119 1979-06-02 4 CHICAGO soybean futures closed mostly higher with prices up three US cents a bushel to unchanged on Thursday. Traders said b«ans received support from the generally higher products. Commercial buying in beans overcame hedging pressure, they added. A negative influence on prices was state crop reports that some acreage119 words
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Article68 1979-06-02 4 WHEAT futures in Chicago on Thursday tacked on additional gains near the close but failed to penetrate the day's highs. Prices closed i*/t to 4% US cents a bushel higher. Traders said wheat received support late in the session when the cash basis firmed between five and 13 cents68 words
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Article368 1979-06-02 4 PRODUCE dealers in Singapore yesterday spent another idle period of trading as buyers were generally noncommittal. Foreign interest was seriously wanting. Coffee prices again held steady by reports that a greater part of Brazil's coffee growing areas are likely to be affected by the approaching cold weather. In368 words
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Article833 1979-06-02 4 COFFEE: Robusta futures yesterday ended an extended active morning call of more than one hour, strong and with gains from Thursday of £82 in July to £185 per tonne in distant May. Turnover was 5,247 lots including 11 options with 3,156 lots traded during the call. Dealers said833 words
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Article192 1979-06-02 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattsa yara: China Blue Phoenix 20* 2.350; 32s 2.865 40s 3.070 (per bale of 400 lbs). Piece guto: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly192 words
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Article68 1979-06-02 4 C.I.F. North European ports, In US dollars per tbn unless otherwise stated LONDON: Malaysian SHffa bulk per tonne T*ar» Prevtau July 664slr 667slr Sumatra 5% ffa bulk May 692 1 sir 695slr June 875pd 680slr July 670pd 873 /67Spd August 665pd 670slr September unch 660slr Nigeria 5% ffa68 words
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ASIAN STOCKS
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Article657 1979-06-02 4 TOKYO Source: DBS-Daiwa THE market was extremely bearish centring on mediumsized blue chips in reaction to an extremely divergent twotier market, owing to "investor fever" in resources-related stocks. The Nikkei Dow-Jones average tumbled below the 6.200 yen level for the first time since April 26. TurnoverSource: DBS-Daiwa - 657 words
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Article378 1979-06-02 4 Source: SHK Sec Ltd THE market remained weak yesterday with property shares remaining dull due to the absence of any fresh news to stimulate activity. Blue chips were a spread lower on the whole but Wheelock Marden fell to 3.525 on liquidation. Although the recent big sellers seem toSource: SHK Sec Ltd - 378 words
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Article332 1979-06-02 4 THE stoc.k market closed mixed to higher yesterday as many trading shares gained in slow trading, dealers said. Among the winners, Asia Credit rose 10 baht to 276, Union Pioneer Filament eight to 230, SHA Union seven to 197, and Capital Trust, Siam City Cement, Rama Tower, South Asia332 words
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Article134 1979-06-02 4 THE market closed mixed yesterday with commercials continuing its downward trend and mining recovering up. Oils maintained its upward stance. Turnover plunged deeper from Thursday's 8.5 million pesos to yesterday's 5.6 million pesos. JUNE 01 Pesos Aco)e Mining ooy -0 0002 Atlas Con A Alias Con B 21 10134 words
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Article271 1979-06-02 4 THE market closed slightly weaker in quiet trading yesterday, dealers said. JUNE 01 CenU INDUSTRIALS A. C I. 190 -3 A N I 166 -J A P M 128 -1 Ampol Pet 68 2 B H P 940 2 Bank NSW 372 unch Boral 217 •1 Bramble# 130 unch271 words
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Article64 1979-06-02 4 FINANCIAL TIMES INDUSTRIALS Thursday 513.8 Wednesday 511.8 Week Ago 511.8 DOW JONES AVERAGE INDUSTRIALS Thursday 822.33 Wednesday 822.18 Week ago 837.86 LONDON DOLLAR PREMIUM Thursday 90". to 51 'i Wednesday 52' j to 53 H.K.HANG SENG Friday 557.30 Thursday— 58.98 Week ago 982.96 SYDNEY INDUSTRIALS Friday 490.78 Thursday64 words
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Page 4 Advertisements
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Advertisement222 1979-06-02 4 THE INTERNATIONAL LAUNDRY, DRVCLEANING AND FABRIC CARE EXHIBITION. 30 JAN. 2 FEB. 1980. WORLD TRADE CENTRE. SINGAPORE. The last lew years have seen a sudden upsurge in the demand for more efficient and sophisticated laundry and drycieaning services in ASEAN, brought about by rapid industrial and social development The offshore222 words
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OVERSEAS
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425 1979-06-02 5 Reuter. THE world's main industrial nations outside the communist bloc are caught in a vicious circle created by higher energy costs, inflation and the rigidity of their economies, according to a gloomy report from the Organisation for Economic Cooperation and Development (OECD). Sources saidReuter. - 425 words
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110 1979-06-02 5 Reuter. SAUDI Arabia is the most expensive place to visit and Ireland is the cheapest, according to a UN revised table of the subsistence allowances it provides for travelling officials. In Saudi Arabia they will get US$l29 (about *****) a day compared with onlyReuter. - 110 words
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660 1979-06-02 5 AP. IN THE face of new statistics indicating that the US economy is weakening, the Carter Administration is resigned to the prospect of higher unemployment in the near future. Treasury Secretary Michael Blumenthal said on Thursday unemployment undoubtedly will increase as a resultAP. - 660 words
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Article, Illustration87 1979-06-02 5 CANADIAN Prime Minister Pierre Trudeau (left) discussing with Prime Minister Designate Joe Clark a boot the transfer of power. Mr Trudeau will officially resign on Monday and Mr C lark will be sworn in on the same day. Mr Clark had been in elected politics forUPI photo - 87 words
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Article, Illustration288 1979-06-02 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Daizyu (tanker) (1500 P/O subject gas free) 13/14 Dong Min (1500 23/24 Hondo (1230 tide Portside to) 18 Kota Bali (1500) 46 Komsomolets Ussuriyska (after Bumyoung P/O) 15/ 16 Pateverett (0300) 33/34 Prince Maru No. 5 (C/ Carrier) (2300 after Menestheus) 47288 words
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Article199 1979-06-02 5 UPI OVERALL chartering looked rather small but rate strength appeared to be unimpaired. A particularly strong rate was the USS9S (discharge free) obtained by the bulk-oil carrier Panamerica for a 55.000-ton June 25-30 coal shipment from Hampton Roads to Japan. Another combined carrier, Almare Terza, secured a lumpsumUPI - 199 words
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Article93 1979-06-02 5 AFP THE FRENCH government said on Thursday it is determined to curb the number of foreign workers in France but does not plan to embark on "massive and brutal repatriations." Secretary of State for foreign workers, Mr Lionel Stoleru, made the statement after a bill wasAFP - 93 words
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188 1979-06-02 5 Reuter. US PRESIDENT Carter will visit Japan as a state guest from June 24 to 27 before his participation in the Western economic summit on June 28-29, the Japanese government announced yesterday. Mr Carter, accompanied by his wife, will be received in audienceReuter. - 188 words
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Article128 1979-06-02 5 AP. US PRESIDENT Carter disclosed on Thursday that he became a millionaire last year, despite heavy losses by the family peanut warehouse business and a tax audit that cost him U552,704 (5J5.948). The president reported his net worth as $1,006,910:25 at end-1978 A year earlier he reported heAP. - 128 words
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Article168 1979-06-02 5 AMERICAN labour onions are expected to stiffen their demands for higher wages following n eonrt ruling which barred the Carter Administratis from withholding government contracts from firms that breach its voluntary wage guidelines, economists believe. "The general interpretation will be that anions will be168 words
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Article826 1979-06-02 5 ARRIVALS Service Local Operator Number Time From CAL CI806 1000 HLP CPA CX710 1005 HLP GIA GA90O 1030 HLP SIA SQ103 1045 KUL SLA SQ211 1045 HLP MAS MH605 1045 KUL GIA GA944 1055 PKU GIA GA908 1100 MES THAI TG423 1125 BKK PAL PR501 1135 MNL826 words
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Page 5 Advertisements
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Advertisement29 1979-06-02 5 r rtt I t M m m s A Gianni Versace I Gianni Versace Boutique for men and women. Upper Mezzanine, Mandarin Hotel, Orchard Road, Singapore 9. Tel. *****829 words
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Article367 1979-06-02 6 FEW would dispute that Singaporeans' standards of courtesy leaves much to be desired. Almost everyday we can easily spot ill-manner-ed practices That such a state of affairs exists is indeed lamentable. Could it have been that the hustle and bustle of a country in367 words
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Article316 1979-06-02 6 THE subject of the transfer of technology is one that allows academics to talk until they are blue in the face without transforming one bit of technological information into a long-term profit element in the country. And the Japanese, in their usual convoluted style of316 words
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Article, Illustration970 1979-06-02 6 HUGH PAIN - By HUGH PAIN Reuter "WE CONSIDER that government is an instrument of dictatorship. Governments must disappear." The speaker is not some wild-eyed student anarchist, but Libyan leader Colonel Muammar Gaddafi, probably the world's only head of state whose life's ambition is to eliminate his ownReuter - 970 words
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Article, Illustration716 1979-06-02 6 IKUO ANAI - FACED with the twin problems of declining oil supplies and the increasing prices of fuel, Japan hopes to find relief in coal. But this new move brings a different set of problems, reports IKUO ANAI. IKUO ANAI Reuter JAPAN'S hopes that the country's deepReuter - 716 words
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Page 6 Advertisements
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Advertisement95 1979-06-02 6 At last, reach the big spenders. Leisure Times is right on target For as little as $15, you can reach the swankiest, the best dressed, the most affluent crowd in town with Leisure Times. As a regular Saturday feature of Business Times, Leisure Times reaches 29,000 people in Singapore's top95 words
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Page 6 Miscellaneous
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Miscellaneous1316 1979-06-02 6 MIDNIGHT COMEDY MIDNIGHT dm vie at 11.39 on Channel 5 might be fan. It stars Jane Fonda ami Jason Robards, who mare rereatly teamed np very saccemfully in the Aims Julia and Comes a Horseman, aad Dean Jones in a comedy about haw a wealthy businessman tries to break np1,316 words
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Article, Illustration927 1979-06-02 7 FOBUH, ...with James Reston NYT THE critical battering of President Carter goes on, but somehow it does not seem to affect his personal serenity. He is clearly disappointed in the opposition within the US Congress to his energy and arms limitation policies, and hurt byNYT - 927 words
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Article, Illustration874 1979-06-02 7 LEONARD SILK - THE US Administration is engaged in the delicate double manoeuvre of trying to enlarge economic relations with both China and the Soviet Union and the latest strategy of crisis bargaining seems to be paying off for the Americans. LEONARD SILK reports. LEONARD SILK NYTNYT - 874 words
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Article439 1979-06-02 7 TALES of driving-test terror and the resulting foolish mistakes abound. Here are two: A young and very nervous undergraduate went for her oral Highway Code test, and it came to the part where the testee has to demonstrate his/her knowledge of the Code by pushing a439 words
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Page 7 Advertisements
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Advertisement444 1979-06-02 7 Nordic Bank SUMMARY OF AUDITED ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 1978 A CONSOLIDATED PROFIT LOSS ACCOUNT 1978 1977 JC'OOO cjC'ooo Operating Profit 4.729 3.132 LESS: Interest on Subordinated Capital Loans 1.466 920 Profit before taxation 3,263 2,212 Taxation 1,363 1,190 Profit after Taxation 1,900 1,022 Proposed Dividend 467444 words
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Page 7 Miscellaneous
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Miscellaneous34 1979-06-02 7 BliStoW: Frank DickenS CRin) USTCM "TO "TvAC ORALL °N *wc Buiuding siTe I DOUN TUG RORD OR UJC lusTeN TO TMC otesieß "HeKRV Gl£je_ CuvJ6> Caving, JHOR. RKNUAL CPV(3C)L CONC£.f^T NOT POUCH !tU"T, Repair34 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article196 1979-06-02 8 MAY 31 b runes Actions Sutsars 299 1 Alu>uisse Br 1275 -5 Alusuisse Reg f>14 4 Brown Boveri Br 1780 5 C'iba Gfigy Br 1280 5 C'iba CJeigy P C 1000 10 Ctt» Geigy Reg 705 *5 Credit Suisse Br 2180 25 Credit Suisse Reg 420 7 Elektrowatt Br196 words
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Article268 1979-06-02 8 MAY 31 Frs CORBEILLE-Air-Liquide 394 unch B S N Oervais Danone 580 -10 C S F <ThomsonCsf) 368 -5-2 O Francaise des Petroles 167 90 0.6 C'ompagnie Financiere Compagnie 380 Generate -3 Credit Fonciw l)e France 455 10 1. Hachette (Librairie) 222 -12 Machines Bull 56 -19 Michelin (B»268 words
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Article219 1979-06-02 8 MAY 31 Fls abn 344 50 -2 Ahold 92 00 -16 Akzo 28 30 -0.4 AMEV 87 40 -06 112.50 -1.7 Am rot Bank 60 20 •1.1 Bergoss 57 00 -1 Berk 102.00 4 Bols 65 OOxd -4 3 Borsumi) 150 50 -2.5 Burhmann 50 30 -0.7 Byenkorf 7400219 words
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Article240 1979-06-02 8 MAY 31 Dm Aef-Trlffunken 48 IOB Akzo 26 20 -02 Allz Lfbfn 851 00 All/ Vers ***** -3.5 BASF ***** -1.5 Bay H T Wbank 243 50 Bay Vbank 261 00 133 00 -18 BBC 265 00 -15 BMW ***** .1 Cassella 355 00 -4 Chem Verw 260 00240 words
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Article101 1979-06-02 8 MAY 31 Lire 33 0.5 Auor Gen ***** 5 Bastogi ■13 -7 Central* 488* 59 rlai 2768 3 Kinsider 166 -2 Gen Immob 95 -1 tn m 2300 -5 Iialremrnti 17*700 -250 ItalfU 714 875 lialsider 3 Magneli M Pf 523 8 Marelli Err i 281 6 Mrdiob *****101 words
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Article94 1979-06-02 8 MAY 31 Pre FORWARD MARKET Acer 439 unch Arbed 2560 -65 Astur 610 -6 B rase an susp Bru-Lamb 1756 5 t'anpac unch Cock 542 10 l>e Beers 243 -3 Ebes 2180 10 Electrobel 6780 -10 Gb-Inno-Bni 2600 10 Om 1274 unch Hobok 3095 45 Petro 4620 -50 Ryl94 words
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Article33 1979-06-02 8 DU PONT will spend more than US$2OO million to increase capacity of an aramid fibre plant near Richmond, Virginia, and build a facility in Lousiana for production of a fibre ingredient.33 words
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1213 1979-06-02 8 NEW YORK STOCK prices were narrowly mixed in moderate trading on Thursday ahead of the weekly money supply figures due after the close. Analysts attributed the comeback after Wednesday's 10-point decline in the Dow Jones industrial average primarily to technical factors. The average has been1,213 words
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Article219 1979-06-02 8 MAY 31 Ct Hud Bay Mm 20 unch Imp OH 32*. Abllibl 17 Inco 24 Alnn 41 4- Si Int Prov Pipe 19* unch Algoma 28 Int Uts 14 Bank Mont 23". .1, Intl Nickel 24 4 Bank Nova Scolia 22 unch Kerr Add 9 unch Bell Tel 22.219 words
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210 1979-06-02 8 Reuter BOEING has orders or options few 229 of its two new medium size jets which will be delivered in 1982 and 1983. Vice president of product development John Steiner said the company has orders or options for 165 of the Boeing 767 models,Reuter - 210 words
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Page 8 Advertisements
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Advertisement180 1979-06-02 8 Where to wine, dine and entertain The American Express Card serves you wherever they serve great food z> Welcome Take a new look at die Harbour Grill. Treat yourself and your business associates to an excellent lunch selected from our superb offering of choice CIS prime beef, our daily Nouvelle180 words
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Advertisement128 1979-06-02 8 aiDKMfiM ,iduced fixed price. M J <| There* nothing like an icy. cold glass <J frothy beer to refresh when you're hot and thirsty. At our Bw Festival, you can try as many as 20 different brands, from all over the world! So come today to our Beer Festival! At128 words
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Advertisement196 1979-06-02 8 i 1 lubertuS fell For lunch. For dinner. For a richly rewarding experience. AK<> Biiviu'>srru'nS Lunch Morula*. t«> Ir.iav >1* VV. CHSS l.iv. alH>st> R:Maft'! Situr<iav X: Sundav. <]>> :V. CESS l < >r rt'M'rv ati< >ns c.iil iW(g) Viilui*) Mark Slmtjiloii CBATON *F L AMD INMS V.OPI P.V'DE >196 words
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Advertisement149 1979-06-02 8 "In the Georgian Win£ dthe Cockpit is a splendid Period restaurant offering the choicest tare in the true British tradition l( A where good taste triumphs from Beef VfeHingion ftuterfly Fillet and a wide choice at traditional dishes to dining in a luxurious penod atmosphere \Wih service friend and foe149 words
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BANKING AND FINANCE
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973 1979-06-02 9 MERRILL LYNCH SOLUTION NYT THOSE high interest rates on short-term money instruments may taper off soon, as many expect. If they do, investors will have to decide on a course of action as their securities fall due. Merrill Lynch, Pierce, Fenner andNYT - 973 words
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MONEY AND EXCHANGE$
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Article456 1979-06-02 9 THE US dollar was traded with rather wide fluctuations against the yen yesterday, closing stronger. Against other major currencies, the dollar closed on a mixed note. From a start of 221.80 10 against the yen, the US dollar was traded up and down, and reached the day's low456 words
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Article21 1979-06-02 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.21 words
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Article49 1979-06-02 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from June 4 to June 8: Offered: $20,000,000 Applied for: $75,300,000 Allotted: $20,000,000 Accepted bids: $98.85 approximately 22 percent; higher bids in full. Average rate of discount on allotment: 4.595 per cent per annum.49 words
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Article307 1979-06-02 9 THE DOLLAR and sterling yesterday were firmer on overnight closing levels here in fairly light early trading, dealers said. They said the dollar strengthened on demand from the Continent, as operators continued to assess the combined affects of recessionary tendencies in the US after the announcement of leading indicators307 words
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Article278 1979-06-02 9 SINGAPORE gold futures yesterday turned firmer on some local buying interest after a lower opening, but prices closed easier on balance compared with Thursday night's close, dealers said. Trading was moderately active with turnover recorded at 309 lots, but was below Thursday's 437 lots. August closed lower at U*****.50/70278 words
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Article190 1979-06-02 9 Asian rates ASIAN currency deposit interbank rates as at close on June 1: 7 days 1 months 2 months 3 months 6 months 9 months 12 months US DoUan(Spot) Offer Bid 10 s 10. 10 7/16 10 5/16 109/16 10 7/16 10H 10 n io j IOH 109/16 107/16 10190 words
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Article51 1979-06-02 9 RANGE ot prices offered by discount houses on June 1: Overnight 4*f? Call deposits 4H«? Clotiu Buyiag Selliag 3 month Treasury bills 4 11/18 4 9/18 3 month Bank bills 7' 7H 3 month CD 7 1/18 615/16 6 month CD 7 3/16 7 1/16 Source: National Discount Co51 words
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Article177 1979-06-02 9 THE US dollar for overnight delivery yesterday closed at 221.40 yen, down from a SS? S2K up from 219.70 at Thursday s close. Trading was light with volume of US$562 million. The US dollar edged down briefly to 221.35 yen in quiet late trading on selling by Japanese banks177 words
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Article131 1979-06-02 9 PROFIT-TAKING yesterday trimmed an earlier advance staged by the US dollar against the yen and most Continental currencies aided by news that US narrowly defined money supply was unchanged in the latest reporting week, dealers said. The dollar was quoted at 221.00/20 yen, down from an earlier 221.90 but131 words
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723 1979-06-02 9 NYT SMALL savers, who have been denied top interest rates because they do not have large amounts of cash to invest, can now get the best rates in town. Under rules just approved by the three federal bank regulators, any number of savers can poolNYT - 723 words
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Article78 1979-06-02 9 Reuter THE four major- Swiss banks have decided to raise their time deposit rates by a linear 0.5 per cent with immediate effect, banking sources said. The new rates are 1.5 per cent for three to five month deposits, 2.25 per cent for si* to eleven monthReuter - 78 words
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Article107 1979-06-02 9 Reuter THE Bundesbank decided at its central council meeting to raise Lombard rate to 5 Vi per cent from 5, effective immediately, Bundesbank president Otmar Emminger said. Mr Emminger said this decision was coupled with another one on the bank's future open market policy. The BundesbankReuter - 107 words
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346 1979-06-02 9 Reuter THE Federal Reserve is expected to maintain a firm monetary policy, despite further indications of a slowdown in the US economy. Analysts said reports of a record 3.3 per cent drop in US leading economic indicators and a 6.1 per cent declineReuter - 346 words
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Article65 1979-06-02 9 US narrowly defined money supply. Ml, was unchanged at U*****.4 billion in the most recent statement week, the New York Federal Reserve Bank said. Supply of Ml for the previous week was revised upwards from $364.1 billion. The Fed said Ml plus also was unchanged at $583.6 billion,65 words
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518 1979-06-02 9 Reuter BANK of England governor Gordon Richardson said his concern over prudential risks in international bank lending had prompted the bank to press for improvements and greater coordination in the supervision of international banking markets. He told the Association of International Bond Dealers here thatReuter - 518 words
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Article200 1979-06-02 9 THE SINGAPORE branch of the Mitsubishi Bank yesterday announced the issue of a US$2O million (SJ44 million) floating rate negotiable certificate of deposit (FRCD) on the Asian dollar market. The proceeds of the issue will be used to fund the bank's expanding medium and long-term200 words
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Article253 1979-06-02 9 Reuter MALAYSIAN gold and foreign exchange reserves rose to MSB billion on May 15 from $7.91 billion on April 30 and $7.75 billion on April 14, Bank Negara Malaysia said. Its fortnightly balance sheet showed total assets rose to $9.20 billion against $8.94 billion on AprilReuter - 253 words
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Article22 1979-06-02 9 SKANDIN A VISK A Enskiida Banken is a Swedish bank and not Danish as reported in yesterday's Business Times.22 words
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Page 9 Advertisements
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Advertisement113 1979-06-02 9 A PENGUIN H rv m W THE MALAYAN TRILOGY This famous trilogy wittily dissects the racial and social prejudices of post-war Malay during the chaotic upheaval of Independence. Through a succession of splendidly colourful characters, Anthony Burgess delineates the conflict and confusion arising from the almost enforced mingling of cultures.113 words
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Article1367 1979-06-02 10 In Singapore 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 quoted1,367 words
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Article157 1979-06-02 10 SINGAPORE UNIT TRU8T (WiMpw 1 prices tar iu 4) The Commerce 2.14 2.27xd The Saving Fund 1 38 1.46 S'pore Prog Fund 100 l.OS S'pore Sec Fund 1.84 1.95 S pore Invest Fund 1.33 1.41 S'pore Equity Fund 0.97 1.02 INCOME BOND UNIT <Cam«t priee*) Income Bond 1.10157 words
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Article2584 1979-06-02 10 Gr'a Gr's Net 1»7» Last Div Div Yld P/E VoJ Week High Low Company Sale or- Cvr COOOl High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 256 15.0 2.9 53 13.1 ISO* 123* Alcom 182 10.0 13 5.4 243 142 no Allied Choc 135 2 8.62,584 words
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Article153 1979-06-02 10 4 1/2* 1/8/80 (250.000) (99 40B) 4 3/4% 13/B/80 (250.000) (99.558 99.655) 5 3/4% 1/8/78-80 (250.000) (100.758 100 85S) 3 1/2% 1/3/79-81 (250,000) (100.358 100 455) 3 1/4% 1/3/81 (250,000) (100.068 100.158) 3% 13/4/81 (250,000) (99.558 90.658) 3% T F 1/3/83 (250,000) (100.058 100.158) 7% 13/4/83 (250,000) (100.808153 words
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Article1760 1979-06-02 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number ot shares traded shown in brackets in lots ot 1.000 units unless otherwise specified INDUSTRIAL* Arma (2.575) zd AJMOMU (2 MS) Aires (1 SOB 1.835) *d1,760 words
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Article155 1979-06-02 10 SYNTHETIC Resins (M) which recently announced that it had contracted to purchase from Synthetic Fabrics the freehold land and buildings at Tampoi for $1 million, is being queried by the KLSE. The exchange wants to know the basis upon which the consideration of |1 million was arrived155 words
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Article, Illustration670 1979-06-02 10 AFTER aa Initial weakness, it was Just touch and go most sf the way so the Stock Exchange sf Stagapore yesterday. Vslsme was light as buyers and sellers held back. Except for a few shares that still attracted steady support, the market670 words
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471 1979-06-02 10 PRICES closed mixed at the Kuala Lumpur stock market yesterday. Profit-taking was again the order of the day but there was some evidence of buying interest in the later sessions. A number of stocks finished off their lowest levels and some gains471 words
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COMPANY NEWS
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Article, Illustration748 1979-06-02 11 ANTHONY TAN - By ANTHONY TAN BEING a major manufacturer of glass bottles has its advantages if one is placed in the tropics and sales of bottled drinks are ever on the rise. Singapore Glass happens to be in such a position just now. With the rapidly increasing consumption of748 words
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Article813 1979-06-02 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year George Kent 17.5%(b) Apr 25 May 8 Jun 1 175% 11% C A C 7% I May 21 May 26 Jun 4 7% 20%(a) Roxy Elect 5%TE(b) May 8 May 21 Jun813 words
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Article169 1979-06-02 11 Company Particulara Ex Date Book* Cloae L'td Plant Bonus Issue of 1 for 4 May 28 Jun 7 Ol>B Bonus Issue of 1 for 6 Rights Issue of 1 for 6 $2.00 per share May 25 Jun 1 Oly mpia Bonus Issue of 1 for 2 Jun 4169 words
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323 1979-06-02 11 IN CONTRAST to the sharp jump in profits enjoyed by its erstwhile sister company, Singapore Glass, Malaysian Containers (1974) Berhad managed only a moderate improvement in its trading position during the financial year ended last March 31. Group pre-tax profit rose 10.9 per323 words
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Article, Illustration474 1979-06-02 11 WITH stronger profit contributions by its two associates, especially Senawang Edible Oil, and the consolidation of results from recently-acquired Leong Sin Nam Farms, Yeo Hiap Seng Malaysia YHS (M) enjoyed a 40 per cent rise in unaudited group pre-tax profit to474 words
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451 1979-06-02 11 A CORPORATE hurdle that's what Malaysian Multi-Purpose Holdings Berhad (MPHB) went over, in its first 500 days (the period from the day it began active operations just under two years ago). In that period, the company which started with a public subscription of Ms3o451 words
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Article215 1979-06-02 11 Pacific Development Credit Bhd: AGM to be held at the Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur at 10.30am on June 5. Hotel Negara Ltd: AGM to be held at 15, Claymore Drive, Singapore at 12 noon on June 7. Harper GUflllaa Bhd: AGM to be215 words
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Article572 1979-06-02 11 TOOK)® sjaaiu, by HOCK LOCK SIEW IT IS ONE of the mysteries of the stock market that the share price of a counter which has just reported about the worst results Imaginable should keep investors happy enough to stay with the stock. The end-result isby HOCK LOCK SIEW - 572 words
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Article22 1979-06-02 11 has informed the SES that Mr R G S Nairn has been appointed managing director with effect from June 1.22 words
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Article106 1979-06-02 11 Group pre-tax profit for the year ended Dec 31, 1978 of MSIO.IO million compared with $8.69 million of the previous period. Company pre-tax profit of 58.74 million (17.86 million The directors recommend a first and final dividend of 20 per cent (same). The group adopted106 words
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586 1979-06-02 11 ANGRY SHAREHOLDER - ANGRY SHAREHOLDER Dear Lock Siew, You have been critical and at times brutally so but you have been fair and impartial. You are the mouth-piece of the small investors and I hope you will help us out in Haw Par Setron case. There are586 words
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Page 11 Advertisements
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Advertisement73 1979-06-02 11 BUSINESS TIMES GIVES YOU THE EDGE Every single business day, Business Times keeps you informed of essential financial, commercial and industrial news. Economic Trends. The Money Market. Price Indices. Company News, Reports. Opinions and predictions. Can you really afford to miss Cut oat and post today To: Times Business Publications73 words
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362 1979-06-02 12 SINGAPOREANS will become a despicable people if they are courteous to free-spending tourists but rude to their fellow citizens. Disclosing this, the Prime Minister, Mr Lee Kuan Yew, said courtesy, a desirable attribute in itself, will make life better for all. This is362 words
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Article101 1979-06-02 12 BRITISH Airways will fly hundreds of British businessmen to China for the British Energy Exhibition in Beijing this month. The airline will operate special flights from Hongkong to the Chinese capital. With the opening of the Chinese market, the exhibition will be Britain's biggest and most101 words
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126 1979-06-02 12 TROUBLED with payment difficulties, China has informed Japanese contractors it is forced for the first time to cancel two multi-million-dollar projects for constructing petrochemical plants in Beijing (Peking) and Nanjing (Nanking), Kyodo News Service reported yesterday. Kyodo, quoting informed sources, said the notice was126 words
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Article, Illustration180 1979-06-02 12 AP BISHOP Abel Muzorewa, wearing his cleric's collar and a broad grin, took office yesterday as Zimbabwe Rhodesia's first black Prime Minister and offered "the hand of fellowship" to black guerillas still fighting in the bosh. The diminutive Methodist Bishop arrived at the red brick colonial styleAP; UPI photo - 180 words
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478 1979-06-02 12 FONG MEW LENG - By FONG MEW LENG JAPAN will transfer more technology in the electronics, petrochemical and precision instrument fields to Singapore. It may also develop Singapore as a major supplier of parts and components for capital goods which are in demand in Japan. Singapore in478 words
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299 1979-06-02 12 UPI. UNITED States Treasury Secretary Michael Blumenthal said on Thursday he expects the nation's foreign trade balance to continue improving despite the fact that the trade deficit worsened in April. "I do not believe that one month's statistics make a trend," he told aUPI. - 299 words
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Article61 1979-06-02 12 A SENIOR World Bank official has said that the supposed "unity" of the Third World is threatened by its members' failure to recognise that they are not all the same and to share in helping the poorer nations among them. "Unless this diversity is recognised, this unity already61 words
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560 1979-06-02 12 AP, NYT. SAUDI Arabian officials have indicated that they will not stand in the way of a large increase in the official price of crude oil when the Organisation of Petroleum Exporting Countries (Opec) meets in Geneva this month. The reports cameAP,; NYT. - 560 words
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Article, Illustration134 1979-06-02 12 THE MALAYSIAN government will not hesitate to use the Internal Security Act against those responsible for the recent destruction of temple idols if national security is threatened, the InspectorGeneral of Police, Tan Sri Ha ruff Omar (above) said yesterday. If he had sufficient134 words
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Article861 1979-06-02 12 LONDON, Fri. Share prices closed narrowly mixed after a firm opening in quiet end-of-account trading today, dealers said. At 3 p.m., the Financial Times index was down 0.1 points at 513.5. Government bonds were 1/16 to 1 point firmer in quiet conditions. Industrial leaders mainly lost earlier gains861 words
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Article128 1979-06-02 12 FRENCH Industry and Energy Minister Andre Glraud will press for US support for proposals to control the spot crude oil market when he visits Washington next week, French Industry Ministry sources said. Mr Glraad, who will he representing the European Community, will also make128 words
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169 1979-06-02 12 THE IRAQI government will reimburse any future surcharge on the price of Iraqi oil to developing countries that undertake now to sign long-term contracts with Iraq, the Iraqi News Agency reported on Thursday. It quoted Mr Saddam Hussein, vice-president of the ruling Revolutionary169 words
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Article287 1979-06-02 12 Reuter. JAPAN'S economy grew at a rate of 5.5 per cent in the financial year ended March 31, well below the target pledged by the government at last year's economic summit meeting in Bonn. The Economic Planning Agency said a steady recovery in personal consumption andReuter. - 287 words
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Article, Illustration40 1979-06-02 12 AP photo. Firemen at work Inside Government office In Bergamo, north Italy, where two terrorists had set fire to an an estimated 39 t MI ballets that were to be used In national eleetlons next June. APAP photo. - 40 words
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Page 12 Advertisements
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Advertisement0 1979-06-02 12 -"+;>_!;'_,:.',!`>]^|!(~~"%^-[~0 words
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Advertisement156 1979-06-02 12 Study Accountancy with the Specialists Study with Foulks Lynch J LONDON Since ISS4 I oulks I ynch have specialised in Intori 11 e siudenis Irom all round the world tor the various Accountancv examinations and over these years have achieved 149,000 SUCCESSES 406 FIRST PLACES 376 SECOND PLACES 4,000 other156 words
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Page 12 Miscellaneous
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Miscellaneous59 1979-06-02 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally fair. Report for 24 hours prior to 7.39 p.m. on Jane I at the airport. Maximum temperature 29.0 Associated humidity 80 Minimum temperature 25.3 Associated humidity 100 Hours of sunshine 0.30 Rainfall in millimetres 64.6 Total rainfall for the59 words
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LEISURE TIMES
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Article, Illustration791 1979-06-02 13 COLIN CHEE - COLLECTIM 1 with COLIN CHEE JADE is a possession to bs cherished by anyone who can find it or buy it or steal it. Chinese women ask for jade ornaments for their hair, and old men Keep in their closed palms a piece of cool jade, soPhotos by Tan Suan Ann - 791 words
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612 1979-06-02 13 RONALD KOW - By RONALD KOW SPORTS Journalists m both sides of the Causeway (more on this side actnaily) most be terribly disappointed that defending champions Seiangor did the only sensible thing in their last Malay* sia Cop league match against Malacca on Wednesday win. A draw, which612 words
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Article, Illustration869 1979-06-02 14 TYE KIM KHIAT - By TYE KIM KHIAT CARD-CARRYING is undoubtedly an American fad. A fat wallet or good social standing will ensure possession of the first type, namely, VISA, Americard, Diner's The second type is harder to come by and one usually qualifies for it after much "blood, sweat869 words
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Article363 1979-06-02 14 LEE YOKE MENG - LEE YOKE MENG RTS 18 getting very serialised these days. 8o far, we have had ehalas sf Talwaaese serials ranging tram classical m "Jastlce Pas" to mere contemporary sappy sues like "Over the Raiabow". One sf these Talwaaese serials, "The Protectors", ■ever qnite made it. It was taken363 words
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Article, Illustration755 1979-06-02 14 FRANCIS CHIN - By FRANCIS CHIN NOBODY likes to lose an argument, least of all lawyers people who live by arguing and arguing. But what happens when a lawyer finds himself at the losing end of an argument? Sometimes, he resorts to what is impressively known as755 words
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Article, Illustration1279 1979-06-02 14 DBsnunei PEOPLE who fly into Britain this summer of '79 will find it a predominantly musical one, whether they stay in London city of castles and pubs, Lee Ho Fook and the Mousetrap or travel round the provinces "collecting" festivals. But, without argument, visitors will be zeroing1,279 words
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Article, Illustration501 1979-06-02 16 RAHIM KASSIM - By RAHIM KASSIM THE RUBBER-FACED man is back in town. And appearing nightly with him at the Shangri-La's Tiara Supper Clnb are A 1 Johnson, Marlon Brando, Elvis Presley, Frank Sinatra, Elton John The list would be too long, but it includes most of the best501 words
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Article816 1979-06-02 16 JOHN LIM - A COUNTRY-FLAVOURED STYLE RECORDS By JOHN LIM THE name may not be too familiar with many of you, so I hope it will be helpful to point out that I'll Have to Say I Love You in a Song, Bad Bad Leroy Brown, Time816 words
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Article, Illustration926 1979-06-02 16 KSR SITTING through the Hilton Hotel's latest venture into dinner theatre is a bit like watching a cartoon film of the Kama Sutra. All the movements would be there but none of the beauty or the depth of human feeling. The three one-acters that comprise "TheKSR - 926 words
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Article781 1979-06-02 16 BOOK OF THE WEEK Title: Searching for Caleb. By Anne Tyler. 309 pages. Hamlyn Paperbacks UK 95p (about 5J4.25) Reviewed by Wahidah Jalil. PARENTS WHO are overconcerned with preserving the family name, family traditions and such like will always exist in any society. "Oh, I want781 words
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Article, Illustration485 1979-06-02 16 HSUNG BEE HWA - By HSUNG BEE HWA ENTHUSIASTS of modern architecture will have a rare treat when the works of Frei Otto and his team are displayed at the National Museum Art Gallery from Thursday. Frei Otto designs tents but not the flimsy contraptions we often see. Thin cables of485 words
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Page 13 Advertisements
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Advertisement48 1979-06-02 13 Kodacolor 400 film. Kodak's fastest film for color prints _iCMDa_ Would you trust a card with your back to the wall ...........Page n Eon 08 Mansion at the crossroads of major motorways ...................m Kama Sutra in cartoon f0rm.—.....— IV Jim Croce still lives on in his songs JV48 words
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Advertisement387 1979-06-02 13 1 V Ask for Kodak paper... for a good look. M A*s®* BOOKS ABOUT ASIA The Asia Pacific region has always been a focus of world attention, but at the same time, there is a great deal of ignorance about the region as a whole, primarily because of the cultural,387 words
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Page 13 Miscellaneous
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Miscellaneous947 1979-06-02 13 WHAT WHERE FILM SHOWS TODAY AT 10.45 am the National Museum will screen Hongkang Singapore at its premises. The film, in colour, is by courtesy of The Australian High Commission. Admission is free. TOMORROW AT 3pm the Singapore Science Centre will screen three films. Coping with Quakes, Probing with the947 words
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Page 14 Advertisements
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Advertisement330 1979-06-02 14 ]<"^&'<-==,(,]'%\"[[@%^:.>=?`;| E& Ml .r GOOD READING FOR ALL RARENIS rCeart* o^ iTbroog^P? B^ /Ss^fcLearning Through Play is a book chock full of ideas for I simple games, activities and experiments, designed to help I children develop their minds and bodies. Babyhood should be required reading not only for all parents330 words
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PROPERTY
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954 1979-06-02 15 AS OFFICE UNITS in "prime location" with good services become increasingly scarce, tenants are now more willing to pay higher rents to secure suitable quality premises. A fine example is the Ocean Building office tower in Collyer Quay which, despite high rentals, has continued to954 words
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Article, Illustration902 1979-06-02 15 TEO TECK WENG - LOW MAINTENANCE COSTS By TEO TECK WENG A LOCATION of convenience will be the main attraction of a new private housing development site in Jalan Eunos where construction work has just begun. Its developer, property company Soon Nam, forsees no shortage of buyers for902 words
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Article, Illustration671 1979-06-02 15 TSANG SAU YIN - By TSANG SAU YIN KATONG PLAZA, which had previously seen less than enthusiastic response to its sale launch last year, now reports that 70 per cent of its total commercial space taken up. More news of planned developments in the district has contributed to improved671 words
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Page 15 Advertisements
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Advertisement221 1979-06-02 15 RIDGEIDOOD the Most Talked About Condominium in Singapore Now Booking! Spectacular 3-4 Bedroom Apartments. Superior Finish. Built-in Cupboards. Kitchen with ceramic tiles, cooker hood, washer and dryer. Sales Prices from $196,000 FACILITIES 6 Farklike hectares A superlative Recreational Area, complete with 2 Fools, 2 Tennis Courts, Badminton, Basketball, Squash, a221 words
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Advertisement99 1979-06-02 15 ON OFFER JONES LANG i,iU w t A Li If you have real estate to develop We offer you practical professional advice on market trends and development opportunities. I s jirrr If you're tired of waiting for a tenant We can show you ways to find tenants, improve your rental99 words
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Page 16 Advertisements
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Advertisement291 1979-06-02 16 Mathematics and Statistics in Penguins Mathematical Carnival: Martin Gardner A piece of solid iron in the form of a doughnut is heated. Will the diameter pf its hole gel larger or smaller? Just one of the maddening but uniquely entertaining puzzles that make up Martin Gardner's latest collection. The range291 words
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