The Business Times, 8 June 1979

Microfilm: NL10198
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 14C/1/79 FRIDAY, JUNE 8,1979 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lee for Bangkok
      113 1 MR LEE Kuan Yew leaves this morning for Bangkok where he will hold one-day talks with the Thai Prime Minister General Kriangsak. He will then leave for West Germany where he is due to make an official visit from June 11 to 13. He will later visit
      113 words
    • Article
      Rubber soars
      56 1 RUBBER prices, constantly chased upwards since oil prices started rising, took another leap yesterday in both the Singapore and Malaysian markets. June One RSS in Singapore rose 8.50 cents a kilo to a breathtaking 321.00 cents, while July rose 10.50 cents to 311.00. In Malaysia, July (the current
      56 words
    • Article
      Lock icon The Singapore model
      46 1 AFP JAKARTA, Thurs. Indonesians coming to Singapore can learn much about efficiency, austerity, cleanliness, services and simplicity, Antara news agency said today. The agency said Indonesian city planners had better study in Singapore rather than in other countries like Australia, Japan or Europe.
      AFP  -  46 words
    • Article
      Lock icon US wholesale prices
      55 1 UPI WASHINGTON, Thurs. Thanks partly to a dramatic drop in the cost of food, American wholesale prices took their smallest rise in nine months during May, the Labour Department reported. May's relatively small price increase of 0.4 per cent indicates inflation may begin to ease for consumers
      UPI  -  55 words
    • Article
      Lock icon Iran wants increase
      56 1 Reuter. TEHERAN, Thurs. Iran will press for a further rise in the price of oil at the next Opec meeting on June 26 in Geneva, National Iranian Oil Company (NIOC) chairman Hassan Nazih said. He thinks Saudi Arabia and the United Arab Emirates would also ask for
      Reuter.  -  56 words
    • Article
      Lock icon Exxon gives notice
      67 1 AP TOKYO, Thurs. Exxon Corp has notified three Japanese buyers of its decision to suspend its supply of heavy oil effective from Jan 1, 1980, the newspaper Asahi reported on Friday, quoting petroleum industry sources. It said Exxon is supplying a total of 310,000 kiloliters of heavy
      AP  -  67 words
    • Article
      Lock icon Dow Jones
      87 1 AP NEW YORK, Thurs. The stock market advanced this morning as a slowdown in food prices slowed the climb of the US government's producer price index. Half an hour after the opening, the Dow Jones average of 30 industrials was ahead by 4.24 points at 839.74. Gainers led
      AP  -  87 words
  • Chief Price Changes
    • Article
      SINGAPORE
      123 1 Rises Shangri-La 040 20 Keapu 545 15 Bouataad 342 10 Tan Ckou 352 +8 M a la k off 312 8 Sta Chan 180 8 Utd Plantations 282 8 DBS 515 5 K L Kepong 398 4 Y H S Mala 314 4 Olympia 143 4 Falls MTC 412
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    • Article, Illustration
      KUALA LUMPUR
      147 1 Rises Kempas 545 25 Ajinomoto 300 20 G Kent (M) 354 18 Boustead 346 14 Tan Chong 352 14 Matsushita 540 10 A. Hi tarn (T) 1230 10 Hume (M) 250 08 M. Glass 209 06 Utd. Pit 298 06 Int. Wood 210 06 DBS 515 +05 Falls
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  • Article
    Technology—the package thrust
    667 1  -  NATIONAL RESEARCH BODY By FONG MEW LENG THE GOVERNMENT has put together a complete programme to help Singapore develop and enlarge technological self-reliance. This programme includes providing more resources to bodies involved in adaptive and innovative research, in engineer and technician training for management, design and engineering
    667 words
  • Article
    SIA picks GE engines
    236 1 SINGAPORE Airlines (SIA) has selected the General Electric CF6-50C2 engine for the six Airbus A30Q84 aircraft it ordered recently from Airbus Industrie. The cost of the engines including spare engines for the six aircraft is US$47 million (*****.4 million). Each Airbus will be powered by two
    236 words
  • Article
    Straits Board welcomes an investigation
    639 1  -  By ANTHONY TAN A DIRECTOR of Straits Trading yesterday invited shareholders to carry out a full investigation if there was any suggestion of impropriety by the Board. Mr Yong Pung How, a director of Straits Trading and vice-chairman of the OBC Group, was replying to
    639 words
  • Article
    Huey Fong millions
    31 1 THE Vietnamese government earned about US$4 million (Ss9 million) from refugees who went to Hongkong last December aboard the freighter Huey Fong, a Hongkong court was told yesterday.
    31 words
  • Article
    JURONG CEMENT
    66 1 JURONG Cement's share offer, the first public share issue this year, has attracted overwhelming response from the Singapore public. Its offer of 3.35 million shares of $1 each at $1.25 received applications for some $68 million, 15.3 times oversubscribed. A spokesman for the underwriting company, Arbuthnot Latham Asia,
    66 words
  • Article
    Two raise price of LPG for industries
    287 1 AT LEAST tws «tl eompeaies In Slagapere bvt increased the prices ef Liquefied petroleum gas (LPG) sappties to Mactries, aad aae ef them has ate* increased the price far demestle aae. Esss re parted that the price far a 51-kg LPG cylinder, far
    287 words
  • Article
    Stream of keen petrochem companies
    444 1  -  By RONNIE LIM MORE Japanese petrochemical companies are now interested in participating in Singapore's $2 billion petrochemical project on Pulau Ayer Merbau. According to sources, support for the project "is now very strong," with a large number of foreign companies, including Japanese petrochemical producers, negotiating
    444 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      3 1 The well-balanced PPC
      3 words
    • Advertisement
      Page 1 Advertisements Column 2
      153 1 Plan a better future with an ACBC saving! account At ACBC we care, and we've made it so easy for you to save with us. For just one dollar, you can open an ACBC savings account and earn up to 6% p a. interest on your savings. And because we're
      153 words
    • Advertisement
      Page 1 Advertisements Column 3
      57 1 m m COSTLIER to stotlea exeeatf ves SERIOUS til shortages to the B®S HatHMmmMimaMMMMtmumMMM H»gk«ig faeiag eeiNßlc HONG Lewis's mw seiieme tor SHIPPING TIMES dep05it0r5................................. STOCK market rep5rt............... h PHILIPPINE to stotton shippiag ageat km* 12 BARLOW merger ae laager opposed 12 MEMOPAD t, FLiOHTS LTV AND RADIOf, CROSSWORD«, STRAWS
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    • Advertisement
      Page 1 Advertisements Column 4
      3 1 Leader... page C
      3 words
    • Advertisement
      Page 1 Advertisements Column 5
      133 1 IL*. 4 that puis no punches. RICOH. PREFERRED WORLDWIDE BECAUSE IT LASTS. DT 750 DT 1200 DT 1700 p~° Independent consumer studies in the United States rate Ricoh's total performance consistently high. In the area of reliability it has been rated the highest over all copiers in its class Ricoh
      133 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      416 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 June 7-8: Discounted cash flow for capital investment analysis, Ming Court Hotel, Price Waterhouse Associates June 12-26: Personnel Guidelines
      416 words
    • Article
      Gold coin to mark Year of Child
      155 2 ABOUT 1,000 Canadian gold coins to commemorate the 1979 International Year of the Child will soon be sold by International Collections, the Royal Canadian Mint's sole agent in Singapore, Malaysia, Brunei and Indonesia. These 22K gold proof coins each measures 27mm in diameter
      155 words
    • Article
      Fire safety conference a 'first'
      111 2 THE Singapore branch of the Institution of Fire Engineers (UK) is organising a four-day conference on fire safety at the Merlin Hotel starting Sept 4. The South East Asian and Pacific Fire Safety Conference (Seapac) will be the first of its kind in Singapore. Expert
      111 words
    • Article, Illustration
      Lock icon S'pore slips as prime overseas site
      611 2  -  By LEE YOKE MENG SINGAPORE may lose its edge to Hongkong u an attractive site for overseas operations if cost of living is the main factor determining an executive's choice. According to Business International's (BI) 1979 Survey of Executive Living Costs published in the
      Source: 1979 Survey of Ess Costs  -  611 words
    • Article
      Seminar on data processing in 80s
      106 2 MORE THAN 70 delegates from nine countries have registered for the James Martin Seminar on "Data Processing in the 80s" starting on Monday. June 11. at Shangri-La Hotel. The seminar is organised by Compa International and presented by the Savant Institute of the UK.
      106 words
    • Article, Illustration
      Volvo loaders make F-E debut
      152 2 SWEDISH etnatay, Valve, will be latradictng Its mv geaersttsa wheel Mm laU tk Par East at Ciipei/lßtc 'It, scbedaled at the Warld Trade Ceatre tram Jaae Oa the Valve itaai will be a tatal sf five maeblaea, three at which are completely aew ta this
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    • Article
      Scottish mission
      122 2 A WIDE range of products from compression equipment to knitwear will be represented by a Scottish trade mission to Singapore from June 10 to 16. This is the Scottish Council's third mission to Singapore since 1975. Mr George McGregor, who arranged the mission, said: "As a market Singapore
      122 words
    • Article
      Alberta mission seeks agents here
      311 2 A TRADE mission from Alberta. Canada, is now in Singapore in search of agents for their gas and oil drilling equipment. This is the first such mission from Alberta, which produces 85 to 90 per cent of Canada's petroleum and gas. Some mission members are
      311 words
    • Article
      Committee to study ventures with Bahrain
      188 2 A COMMITTEE consisting of officials from Bahrain and Singapore has been formed to study Joint ventures and other areas of economic cooperation between the two countries. This resulted from the economic cooperation agreement signed on Wednesday between the Minister for Trade and Industry, Mr
      188 words
    • Article
      Building institute
      76 2 THE Singapore Institute of Building will hold an inaugural dinner at Mandarin Hotel on June 16 at 8.00 pm. The Senior Minister of State for Education, Mr Chai Chong Yii, will attend the dinner as the institute's guest of honour. The institute was founded in 1975 with the
      76 words
    • Article
      Lock icon Joint fishing project
      59 2 AFP A MALAYSIAN holding company, Goodyield Holdings Bhd has entered into a joint-venture deep sea fishing project with a South Korean firm, Hansung Enterprise, recently. The venture, which MJ625.000 fixed capital, will be further expanded after a series of final consultations, the executive director of Hansung Enterprise,
      AFP  -  59 words
    • Article
      DIVIDENDS ANNOUNCED
      720 2 Carreat Ex Booha Date Total for Total for Payment Date Cloee Payable the year Previoua year H Gilf 15* May 24 Jun 5 Jun 8 20* 15* OUB 12*<b> May 25 Jun 1 Jun 8 12* 12* OUT 12*(b> May 25 Jun 1 June 8 12* 12* Shell
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    • Article
      SCRIP ISSUE
      132 2 Coaptiy Particular* Em Date Books CIom Olympia Oriental Hide* Mai Flour Spore Glaaa Yeo Hiap Seng Bonus Issue of 1 tor 2 Bonus Issue of 8 for 5 Bonus Issue of 1 for 2 Bonus Issue of 1 for 5 Bonus Issue of 1 for 3 Rights Issue
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      546 2 THE BANK OF EAST ASIA, LTD. 10 Des Voeux Road, Central, Hong Kong. (Incorporated in Hong Kong) Consolidated Balance Sheet as at December 31st. 197S Profit and Loss Account for the »ear ended December 31st, 1978 Share Capital Authorised 20,000,000 Ordinary Shares of HKSS each Issued and Fully Paid 13,340,000
      546 words
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  • REGIONAL
    • Article
      DAILY AIRCRAFT MOVEMENTS
      664 3 ARRIVALS Service Local Operator Number Tine From CPA CX003 0100 HKG TMA TL345 0630 BEY/DXB/ BOM/KUL SIA SQ88 0650 KWI BAH MAS MH601 0700 KUL MAS MH682 0710 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL RBA BI421 0930 BWN MAS MH671
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    • Article, Illustration
      Lock icon Viet refugees, Asean ties focus of talks
      333 3 AFP INDONESIA'S President Suharto held his first round of talks with Japanese Prime Minister Masayoshi Ohira yesterday morning and exchanged views on many subjects including Japan'a relations with Asean and the Indochinese refugee problem Mr Suharto arrived in Tokyo on Wednesday for a
      AFP; AP photo.  -  333 words
    • Article
      W BANK AIDS MUDA PROJECT
      73 3 THE World Bank has approved a MS6B million 17year loan for the second phase of the Malaysia's Muda irrigation project in the state of Kedah. A bank statement said interest was set at 7.9 per cent and the term included a four-year grace period. The
      73 words
    • Article
      Lock icon Seoul buys US grains
      67 3 Reuter SOUTH Korea signed an agreement to import US$4O million (SS9O million) worth of US surplus grain this year. The agreement was signed yesterday between US Charge d'Affaires Thomas Stern and Korean Economic Planning Minister Shin Hyon-hwak. Under the agreement. Korea will import 140,000 tonnes of
      Reuter  -  67 words
    • Article
      Farming out benefit of research
      587 3 THE Malaysian Agriculture Ministry is embarking on an ambitious scheme to streamline the activities of the various agencies dealing with fanners to maximise the distribution and utilisation of government resources. Under the scheme, known as the Integrated Agricultural Development Project (LADP), some 210 agricultural complexes
      587 words
    • Article
      Lock icon Wolff says Tokyo surplus to persist
      178 3 AFP AMERICA'S deputy special representative for trade negotiations, Alan Wolff, yesterday said it was "likely that a Japanese trade surplus will persist." "The question is how large is it to be and is to exist because of natural market forces or because of an
      AFP  -  178 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      210 3 DvmttM, Title, Venue ud Organiser An investment in DEXION is vonr answer tn the high cost of storage floor space A large storage space does not need a large floor area. With the high cost of floor space, there are definite savings in storing upwards. With Dexion, you can build
      210 words
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  • RAW MATERIALS
    • Article
      Lock icon Burma begins US$8m rubber programme
      669 4 Reuter. THE BURMESE government has started an US$B million (5J17.6 million) fouryear programme aimed at improving rubber output from the declining government-owned rubber estates in Southern Burma. Official sources said the project is based on an International Development Agency (IDA) appraisal report, prepared last October,
      Reuter.  -  669 words
    • Article
      TIN SHIPMENTS DOWN
      183 4 SHIPMENTS of Straits refined tin tram Penang (ell to 5,411.15 tonnes in May (ram 5,711.25 in April, bat were above the 5,173.25 tonnes shipped in May 1978, the Straits Trading Company said. Cnmnlative shipments in the first five months rose slightly to 39,411.75 tonnes (ram 28,519.25 tonnes
      183 words
    • Article
      Produce exchange
      384 4 THE RISING price of coffee beans prompted a good deal of excitement in a generally quiet but steady Singapore produce market yesterday. In the last few days, local coffee dealers have been raising the commodity price following speculation that the coffee-growing areas in Brazil had been affected by
      384 words
    • Article
      Duty rates
      90 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from June 7 until further notice: Rabber: 295 s i cents a kilo; Capra: M 51,355.84 a tonne; Palm kernel: $955 75 a tonne; White pepper: 54.487.01 a tonne; Black pepper: $2,919.20 a tonne; The rates
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    • Article
      RUBBER
      413 4 OPENING prices in Singapore yesterday were marked up about 2.50 cents on higher London advices and the market later rose another five cents on selling reserve and trade, upcountry and speculative buying. Some profit-taking emerged at the highs but levels continued to advance in active trading with higher Japanese
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    • Article
      RAS PRICES
      443 4 R A S prices in cents per kilo yesterday Noon Clow (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R S S prompt f.o.b. 321 00 322 OON 324 00 325 OON Int. 1 R.S.S June 318 00 319 00 ***** 322.00 Int 1 R S
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    • Article
      SSR and SMR
      132 4 NOON SSR ud SMR pre* a yaalerdar RAS Jaae Jaiy (Cm rreat MUi (Pot rwar4 Mtk) Bayers Seller* Bayer* Seller* SSR 20 ll toi pallet i ***** 293 00N 290 00 292 OON SSR 50 il ton pallet! 288 00 290 00N 287 00 289 OON MRELB
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    • Article
      Straits tin
      55 4 THE STRAITS tin in Penang yesterday eased MSI to 1,981 a picol. The easier sentiment reflected large supplies of tin concentrates dne to Wednesday's holiday accumulation, and was despite higher London advices and further European and US baying. Total turnover Increased to 244 tonnes from 2SI tonnes on
      55 words
    • Article
      Closing prices
      30 4 Rubber: June 7 Singapore: Jane: 321.00 cents (up 8.50 cents) Malaysia: July: 314.50 cents (up 10.00 cents) Tin: $1,980 (down $1) Official offering: 244 tonnes (up 13 tonnes)
      30 words
    • Article
      Rice
      340 4 SINGAPORE: Yesterday's closing prices in SS per kilo, ex-godown: THAI WHITE 100 per cent first claas (Kangaroo) new crop O.K. 100 per cent second clan 0 85. 100 per cent third claas 0 80. per cent new crop no stock. B-10 per cent 070 THAI BROKEN A-auper OC. Special
      340 words
    • Article
      LONDON MARKETS
      759 4 COFFEE: Robusta futures yesterday recovered from the morning's lows to close steadier, with losses of £1 in both November and January to £34 per tonne from Wednesday in untraded new July. Turnover was 2,746 lots, including 33 options. Dealers said with no fresh factors and stable Brazilian weather
      759 words
    • Article
      Palm oil
      66 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated LONDON: Wed Prevtea* Malaysian 5Hffa bulk per tonne July 654'j sir 657slr Sumatra 5* ffa bulk June 677 1 sir 675slr July unch 670slr August 665slr 662 September unch 665s Ir Nigeria 5% (fa bulk stg
      66 words
    • Article
      Hongkong Comex
      150 4 THE SUGAR futures market yesterday closed easier with losses ranging from 0.05 to 0.15 US cents, dealers said. Trading continued the recent quiet trend with no trades registered as on Wednesday, while yesterday's spot sugar price eased 0.05 to 7.85 cents. Sugar futures closing prices Prerteas CMag Clistag
      150 words
    • Article
      Textiles
      194 4 YARN and cotton prices were quoted as follows In Hongkong yesterday: (In HK dollars, spot ex-godown) Cattaa yarn: China Blue Phoenix 30s 2,360; 32s 2.860 40s 3.070 (per bale at 400 lbs). Pteee gnta: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      194 words
    • Article
      Soybean
      142 4 CHICAGO soybean futures on Wednesday recovered from early losses and closed higher on trade talk that the Soviet Union may soon buy beans. Prices were up 13 to eight US cents a bushel. While new crop months moved up to new contract highs, they gained tn sympathy with nearbys.
      142 words
  • ASIAN STOCKS
    • Article
      Lock icon Hongkong
      322 4 Source: SHK Sec Ltd DULL trading conditions returned yesterday, punctuated by nervous selling by local operators of blue chip shares. With the index in the range of 520-570 and the traditionally quiet period round the corner, bears are slowly gaining the upper hand despite some spirited buying in the
      Source: SHK Sec Ltd  -  322 words
    • Article
      Lock icon Investors still adopt wait-and-see attitude
      638 4 Tokyo Source: DBS-Daiwa EXPORT-RELATED blue chips continued to move up on relatively light buying yesterday morning, reflecting the previous day's bullish mood. However, the climb stopped and some shares lost their morning gains towards the afternoon close since some resources-related stocks such as Teikoku Oil
      Source: DBS-Daiwa  -  638 words
    • Article
      Sydney
      402 4 THE stock prices weakened sharply in response to the unexpected increase in interest yields on long-term bonds following sales by the Reserve Bank in the bond market yesterday, dealers said. The market is looking for further rises in interest rates, they said. BHP feU A 24 cents while mining
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    • Article
      Bangkok
      241 4 JUNE 07 Bahts AM Credit 270 4-2 Asia Fibre 106 9 Ayuthaya Inv And Trust 143 4-4 Bangkok Investment 240 -12 Bangkok Bank 354 unch Bangkok Drying And Silo 346 4-6 Bangkok Insurance Bangkok Metropolitan Ban 57® -S Bangkok Nylon Bank Of Asia 206 -10 Bank Of Ayudhaya Ltd
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    • Article
      Manila
      107 4 JUNE 07 Pesos Acoje Mining 0002 -*■0 0002 Atlas Con. A Atlas Con B ZZZ 20 20 0.1 Bacuio Gold 0082 unch Benfuet Con B 24 00 -0.4 BF Goodrich 2000 -0.9 CDCP 2190 Inco B Landoll Lepanto B 19 unch Martnduque B 10 00 0 19 Meralco 19
      107 words
    • Article
      Selected indices
      63 4 FINANCIAL TIMES INDUSTRIALS Wednesday 518.9 Tuesday 506.3 Week Ago 511.8 DOW JONES AVERAGE INDUSTRIALS Wednesday 835.50 Tuesday 831.34 Week ago 822.16 LONDON DOLLAR PREMIUM Wednesday S3 1 < to 54 Tuesday 52 to 52> H.K.HANG SENG Thursday 563.24 Wednesday 866.68 Week ago 866.06 SYDNEY INDUSTRIALS Thursday 486.16 Wednesday
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      141 4 i I 1 i 5? <• EH Slav w\V >4 1 2s &om *'mf,v #V/ zzz///#/////#' *"Z/////#/#/ W TTTVi ">, Buy a pea green boat or eell a nautical puss. Leisure Times is right on target For as little as $15. you can sell anything in Leisure Times a painting,
      141 words
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  • OVERSEAS
    • Article
      Lock icon QUIT CALL GOES OUT TO CHIEF OFFAA
      231 5 UPI THE director of the Airline Passengers Association has demanded the resignation of Federal Aviation Administration administrator Langhome M Bond, complaining he had consistently misled the public in the FAA's role in the grounding of DC-lOs. APA director James E Dunne II said
      UPI  -  231 words
    • Article, Illustration
      Lock icon Good grounds for clipping their wings
      62 5 UPI Wit* their wings dipped Oil farther notice, a grounded National Airlines DC-It (foreground) and mere similar aircraft of another airline in the background are sitting it oat at the maintenance baoe at San Francisco's International Airport after the Federal Aviation Administration had issued
      UPI  -  62 words
    • Article
      Lock icon Totting up lost revenue
      194 5 Reuter, UPI AIRLINES throughout the world yesterday counted the cost of grounding their fleets of DC-lOs at the start of the travel industry's peak summer season. In the United States alone the grounding order will mean US$6 million (Ssl3 million) a day in lost revenue and
      Reuter,; UPI  -  194 words
    • Article
      Exploratory meeting
      61 5 THE European Common Market and 57 African, Caribbean and Pacific (ACP) nations are quietly exploring ways of restarting talks on a new trade and aid convention. The negotiations broke down last month when the ACP members, most of them former colonies of the nine EEC countries, rejected as
      61 words
    • Article
      Lock icon Costly for Canada if Arab countries retaliate
      182 5 UPI CANADA could lose 55,700 jobs and US$l.6 billion (553.5 billion) worth of oil imports if West Asian exporters cut off trade in retaliation for the shift of the Canadian embassy from Tel Aviv to Jerusalem, government sources cautioned on Wednesday. Arab leaders
      UPI  -  182 words
    • Article
      Lock icon Oil shortfall expected throughout the 1980s
      602 5 Agencies THE combined oil exports of the Organisation of Petroleum Exporting Countries (Opec) will fall by a staggering 24.9 per cent short of currently foreseen world demand by 1990, the 20-nation International Energy Agency (lEA) predicted on Wednesday. The agency, comprising all the 20
      Agencies  -  602 words
    • Article
      SPOT OIL PRICE SOARS
      175 5 THE price of oil on the cash market has reached US$5O (S$110) a barrel, two leading US congressmen said. The price, if confirmed, would be about 130 a barrel above new rates recently set by some members of the Organisation of Petroleum Exporting Countries (Opec). Both
      175 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      898 5 INTERNATIONAL TRUST FINANCE LIMITED (Incorporated in the Republic of Singapore) Balance Sheet 31st December, 1978 SHARE CAPITAL, RESERVES AND LIABILITIES SHARE CAPITAL Authorised 5,0CX),000 shares of $l each for 1978 and 1977 Issued and fully paid 3,000,007 shares of $1 each CAPITAL RESERVE Share premium account STATUTORY RESERVE REVENUE RESERVES
      898 words
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  • Article
    Index doesn't live up to expectations
    540 6 FOR THOSE who believe that indices mean a great deal, then great significance must be read into the Business Asia annual report on various costs of living for executives in a big number of cities. The latest report for 1979 seems to show that
    540 words
  • Article
    Desperate Straits holders' recourse
    369 6 THE STRAITS Trading annual general meeting highlights the divergent interests of minority shareholders of a company and their directors. In a company that has grown from strength to strength, it is almost inevitable that what probably started as a close and intimate relationship between those who
    369 words
  • Article, Illustration
    Lock icon Kawasaki lets the good times roll in the US
    1938 6  -  By EDWIN McDOWELL NYT AN AMERICAN flag (laps wildly in the wind alongside the modern red and white factory on the outskirts of town. Inside the plant, away from the gusts that sweep the great plains, the workers appear younger and
    NYT  -  1,938 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      73 6 CANADA TORONTO "THE MASTERS" Distinguished Residence. 1-2-3 bedroom suites Prices from: $55,000 Canadian Funds Developer with give 5-year rent guaranty. For information contact: In Hong Kong: Montpelier International Properties 305, Fu House, 7, Ice House Street Tel: 5-*****1 In Singapore: Bellian Securities Tower 2101 A DBS Building Shenton Way Tel.:
      73 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1348 6 Man-eaters on the loose ''MAN-EATERS Are Lmml" is the terrifying title af tenlght's TV Mavle. I Jut can't wait to see what the man-eaters are, can yea? The id*vie will star Tam Skerrltt, Steve Parrest and G.D^pradlln. The ahave ma vie may ■at be a hax afflee hit, hat surely
      1,348 words
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  • Article, Illustration
    Lock icon Carter burns his boat
    895 7 NYT By STEVEN ROBERTS WHEN the Carter people first came to town, they asked some old Washington hands for advice. One suggestion they received was, "Don't sell the Sequoia." The Sequoia was the presidential yacht, and President Carter's predecessors used it adroitly as a political tool.
    NYT  -  895 words
  • Article, Illustration
    Lock icon World's oceans have no place for those slipshod navigators
    1031 7 SECOND-RATE OFFICER TRAINING METHODS FT THE WEATHER in the English Channel was the sort that mariners hate most: patchy fog, alternately shutting down to almost nil visibility, then clearing to give a hazy view of about 2.5 km. On the bridge
    FT  -  1,031 words
  • Article
    STRAWS IN THE WIND
    573 7 AT THE junction of Tiong Bahru and Tiong Poh Road stands a corner of Utopia. But don't hurry there to try to share it this bit of Utopia is both private and limited. IT is a shop called UTOPIA (PTE) LTD. THE OWNERS of the UIC
    573 words
  • Article, Illustration
    Hongkong now facing economic confusion
    681 7  -  FORUM with JOHN DRYSDALE HONGKONG deserves much sympathy for the appalling problems it has to face with the growing influx of land and sea-borne refugees, but there are a whole lot of other developments in Hongkong which could evoke the cry but for the grace
    681 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      101 7 JAKARTA BUSINESSMEN SPECIAL Sssl6* Return economy airticket on SIA or Garuda Airport Transfers in Jakarta Two nights C. Breakfast extras at any of the following luxury class Jakarta Hotels (twin sharing) BaroMur Hiltoa Maaiaria 'The package to bMt all package'' Call for more details or brochure (V *****22 (Business T
      101 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      50 7 Bn Stow: Dickens 3 w HO F€P\R. \T U)P>S RT (*W pupce lbst vep»P you rue oomt. FPtfR. OMCXX3H. UJURT PfiOUT v/OUR pLBCe gfcCQ- C > Pr? 5S 111 HF\rJG OM—Tne per nay PtPxx. u«. upo Tb WPWE. »r PfTfcgUJPvgPS. WV V9oGGesr\o^° Mo UJRV THGPLPCEA OJRS Hepvßuy e>ußMr JDOUJH LPvST
      50 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        212 8 JUNE 06 Fla ARN ***** ♦is Abold 91 00 unch Aao 28 00 0 6 AMEV 85 30 -08 Am fas 106 00 -1.5 Am rot Bank 70 10 >0.5 Bergo&s SB 00 1 Berk 96 00 -1 Bots 64 00 09 Bar^umij ***** 2 EUjrhmann 59 60 0
        212 words
      • Article
        Paris
        273 8 JUNE 06 Frs CORBE1LLE Air-Liquide 388 12 B S N Gervais Danone 580 8 C S F (Thomson Csf) 364 6 Cie Francaise des Petroles 171 13 Compagnie Financier* Compagn.e General** 381 5 Credit Foncier De France 457 4 H ache tie (Librairie) 227 50 5.5 Machines Bull 57
        273 words
      • Article
        Frankfurt
        217 8 JUNE 06 Dm Aef-Telefunken 4510 -1 Alio 26 JO 0.3 All* Leben 850 00 unch Alls Vers 430.00 -2 BASF ***** -0 1 Bay H T Wbuilt 242.00 1 Bay Vbtnk 256 00 130 JO -0.7 BBC 200 50 OA BMW 201 00 •5 CtSKlli *****B Chem Verw *****
        217 words
      • Article
        Zurich
        192 8 JUNE 06 Francs Actions Suisses 288 -2 Alusulsse Br 1210 -70 Alusulsse Reg 497 -11 Brown Boverl Br. 1790 -15 Ciba Geigy Br 1230 -50 Clba Geigy P C 980 -40 Clba Geigy R«g. 604 -6 Credit Suisse Br 2140 -40 Credit Suisse Reg 414 -3 Elektrowatt Br. 1890
        192 words
      • Article
        Brussels
        90 8 JUNE 06 Frs FORWARD MARKET Acec 436 Arbtd 2510 -20 Astur 634 20 Br aw an 064 Bru-Lamb 1775 10 rinpr 862 14 Cock 546 -12 De Beers 263 Ebes 2140 -15 Eleclrotoel 6890 20 Gb-Inno-Bm 2655 20 1274 >2 Hobo* 3066 -10 Petro 4670 130 Ryl Hiitrh 2100
        90 words
      • Article
        Milan
        108 8 JUNE 06 Lire S3 Assoc Oen ***** -1130 Bastofi 799 -37 Centrale 4950 -249 Flat 2089 -81 Finsider 101 75 -775 Oen Immob 89 75 -8 75 IFI Prl 2270 -40 11*1 cement) ***** -700 I talc as 712 -5 Italstder 806 •14 Macneu M Pf 523 -16 Marelh
        108 words
      • Article
        TORONTO
        225 8 JUNE 06 ct It A lean 42S S Al|ftm| 29. unch Bank Mont 22 s. unch Bank Nova 3coUa 22s S Bell Tel 23 unch Belli Corp BP Can Ltd 28- Si Brascan 24 Camp Red Lake 23 s 4 Can Imp Bk 25. unch Canpac 32'* 4 Canpac
        225 words
      • Article
        JO'BURG
        282 8 JUNE 06 Rand INDUSTRIALS unch 235 AE And CI 456 unch Cf Sugar 600 unch CNA 275 Currle Finance 88 3 De Beers Ind 1620B ***** Fed Volk aoo 3158 Hippo Hlv*ld 240 unch Liberty LTA 225 5 M And R Mccarthy 65 unch 315 5 Nedsurl 380 10
        282 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      686 8 See Page 4 for Asian stocks NYSE prices on Page 9 Where to wine, dine and entertain "In the Georgian wig of the Cockpit a splendid Period restaurant offering the choioest tare in the true British tradition >®here good tase triurnphsfrom Beef Vifellingion Buierfly Fillet and a wide choice of
      686 words
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      Page 8 Advertisements Column 2
      235 8 CAMPARI INSTEAD THE RIGHT LIGHT DRINK FOR A SERIOUS LUNCH Cool, refreshing, lifts you up. Pink, light, doesn't knock you down. Only discerning palates can acquire this new taste sensation. Campari Tonic Campari Soda Campari 7UP i Campari Orange Campari You Sole Agent: FOOD BEVERAGE (PTE) LTD We've Got A
      235 words
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  • BANKING AND FINANCE
    • Article
      Discover Hong Leong's savings programme
      559 9 THE Hong Leong Finance Group of Companies which includes both Hong Leong Finance and Singapore Finance is introducing the Hong Leong Discovery Programme which enables depositors of the Group to save thousands of dollars every year. The programme will give all depositors, both current as
      559 words
    • Article
      Credit card fever
      1677 9  -  Singaporeans are catching the credit card fever, reports ALVIN TAY in his concluding analysis on consumer credit in Singapore. ALVIN TAY CREDIT card fever among Singaporeans may not be as high as in the United States or Japan. However, competition among the card issuing companies here is
      1,677 words
    • Article
      Stocks continue to reap strong gains
      1366 9 NEW YORK STOCKS scored a broad gain on Wednesday in the heaviest trading since last November. The Dow Jones industrials advanced 4.16 points to 835.50 on the heels of Tuesday's sharp rise and advances led declines by nearly two to one. The New York
      1,366 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        448 9 TRADING of the US dollar against major currencies yesterday took on a very quiet tone. The dollar closed marginally stronger. Against the yen. the US currency started at ***** 70 and moved up in early morning trading to 220.00/ 10. From here, the dollar did not see any
        448 words
      • Article
        Asian $ rates
        206 9 Asian rates ASIAN currency deposit Interbank rates as at close on June 7: US DolUn£8jot) 7 day* 107/16 10S/16 1 months 10'* 10H 2 months 10H 10W 3 months 10 10H 6 months 10V< 10H 9 months 10 10H 12 months 10* 10H twin. Dm miiila Pi Im) l month
        206 words
      • Article
        Discount
        48 9 RANGE at priem often d by dt» count houses am Jane 7: Ovwnlfht 4H% Call deposita 4H% B-TlM 3 month Treasury bill* 411/16 S month 4 9/16 Bank bill* 7 9/16 5 month CD 71/16 6 month CD 7W 77/16 71/16 7* Source: National Discount Co Ltd
        48 words
      • Article
        Gold
        343 9 SINGAPORE gold futures yesterday closed lower after fluctuating marginally throughout in moderate trading, dealers said. Turnover fell to 200 lots from 322 previously with activity concentrated on August, October and December contracts, they said. August eased to U*****.50/70 an ounce from 1285.30/80 on Wednesday, October to $289.20/40 ($290.70/80) and
        343 words
      • Article
        London
        261 9 STERLING and the Canadian dollar yesterday opened easier compared with overnight levels, while the US dollar also eased, dealers said. The pound's easiness appeared due to nervousness ahead oI UK trade figures for February, March and April, scheduled far publication Tomorrow, and next Tuesday's budget. Sterling opened at U552.0682/W,
        261 words
      • Article
        Tokyo
        101 9 THE US dollar for overnight delivery yesterday closed at 220.10 yen, up from a 219.75 opening but down from 220.90 at Wednesday's close, dealers said. Trading was moderate with volume US$6l5 million. The dollar fluctuated narrowly between 219.95 and 220.15 yen in dull late trading after intial steadiness, the
        101 words
      • Article
        Hongkong
        143 9 THE US dollar yesterday held basically steady against the major currencies in thin, quiet trading here in the absence of any news to move the rates. It held steady at 1.9140/45 marks, 1.7325/45 Swiss francs and at 220.00/15 yen from early trading, while against sterling it eased slightly to
        143 words
      • Article
        MLR
        20 9 THE average rate at which Singapore.! banks are currently prepared to lend toC their best is 8 per cent.
        20 words
    • Article
      Untitled
      278 9 ALL THAT furore raised at investment holding company Straits Trading, about its understated assets, could well become a storm in all its fury if shareholders ever found out how banks have been concealing their assets. It is a great paradox that in writing the laws to prevent fraud and overstatement
      278 words
    • Article
      IMF gold sales
      115 9 THE International Monetary Fund sold 444,000 ounces of gold at an average price of U*****.39 an ounce. Gold was awarded at the price submitted by bidders with successful tenders ranging from $280.22 to $281.37 an ounce. This week's auction was the first time the fund has sold
      115 words
    • Article
      CREDIT FOR KDB
      115 9 A FIRST tier management group is in the process of being formed for a US$3OO million 10-year credit for the Korea Development Bank. Banking sources said a mandate to put together the loan has been awarded to BA Asia Ltd, BT Asia Ltd and Lloyds Bank International
      115 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      232 9 THE FIRST INTERNATIONAL RUBBER >? AND PLASTICS EXHIBITION FOR ASIA WORLD TRADE CENTRE. SINGAPORE 26-30 MAY 1980 -I Every year, thousands of new rubber and plastic products enter the market Whether for use in industry or the home, every product reflects some new development in engineering or marketing iv expertise.
      232 words
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  • Article
    DEALS DONE ON THE SES AND KLSE
    1349 10 in Singapore «D and offer prices officially ted and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown tfv brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts art quoted
    1,349 words
  • Article
    Unit trusts
    162 10 SINGAPORE UNIT TOUT (NaMfin' prim far ta 7) The Commerce 1.14 2 27xd The Saving Fund IJ 1.47 S pore Prog Fund 1.00 1.K S pore Sec Fund I B I K S pore Invest Fund 1.35 1.43 S pore Equity Fund 0 99 1.04 INCOME BOND UNIT
    162 words
  • Article
    SHARE INFORMATION SERVICE
    2620 10 Gr's Gr's Net 1979 Company Last Div Div YTd P/E Vol Dav High Low Sale or- Crr cooo) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 2S5xd 15.0 22 54 110 190* 123* Alcom 182xd 10.0 14 14 242 142 110 Allied Choc 134 85 180
    2,620 words
  • Article
    Stock options
    89 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. CoM Storage (June $2.00) (0.338 0.385). C A C (June $2 60) (0.428 0.475).
    89 words
  • Article
    In Kuala Lumpur
    1542 10 INDUSTRIALS Aeat (2.158) xd kfmmtto 2 828) (1) 3.00 Alee* (1.81B) (2) 1 83 xd A Char (1.358) (1) 1.37 Bate (2 688 2.745) (2) 2 68 Bea (0 638 0 63' >S) (1) 0 62 (2) 0 63 B lUwat (2 458 2465) (1) 2 47
    1,542 words
  • Article
    COMPANY MEETINGS
    276 10 Overseas Ustoa Trot Ltd: AGM to be held at Mandarin Court 'A', 4th Floor, Mandarin Hotel, Orchard Road, Singapore at 11.30am on June 8. Magssm Csrpsratlsa Bhd: AGM to be held at 1st Floor, Magnum House, 111, Jalan Padu, Kuala Lumpur at 11.00am on June 11. MaJex Astasias
    276 words
  • Article, Illustration
    Scattered and selective trading
    712 10 PRICES hardly stirred la a generally qaiet aad featureless market at the Stack Exehaage ef Slagapere yesterday. As la the day kef are, the •verall tread was aat readily dlseeraiMe. At best the market eaald be described as steady aa tradlag eaatiaaed ta be scattered aad
    712 words
  • Article
    Kuala Lumpur slightly steadier
    607 10 PRICES finished a shade steadier in generally mixed conditions on the Kuala Lumpur stock market yesterday. A weaker trend later in the day led prices to close off-best in very quiet trading. Except for a few counters which attracted fair buying, margins were narrow. Volumes also
    607 words
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  • COMPANY NEWS
    • Article, Illustration
      Sin Heng Chan ahead despite competition
      664 11  -  By ANTHONY TAN SIN Heng Chan (Malaya) (SHC) raced ahead despite keen competition in the feedmill industry to chalk up another year of growth for the financial year ended 1978. The company turned in sales 6.8 per cent higher to $54.68 million with pretax
      664 words
    • Article
      GROWTH SLOWDOWN AT MATSUSHITA ELECTRIC
      434 11 ALTHOUGH Matsushita Electric's profit growth slowed last year compared with that of the preceding two years, its performance represented significant progress in its trading position. It also reflects the favourable market conditions generally enjoyed by most electrical appliance manufacturers during the year. Group profit before
      434 words
    • Article
      Lock icon Holders entitled to know
      343 11 8ffl(j)8CL« by HOCK LOCK SIEW AMCOL Electrical ladastrles' latest trading resalts showlag a small profit sf $13,563, along with an extraordinary gala sf $427,82* arisiag from the sale sf the cempaay's property at Kampsng Kaya Bead, come as ae coasslattoa to ihsreholders at all. From the
      by HOCK LOCK SIEW  -  343 words
    • Article
      COMPANY BRIEFS
      180 11 Kktig Gitn Holdings Malaysia (KGHM) now holds one million shares in its sister company Khong Guan Flour Milling (KGFM). This followed the purchase by the former of 31,000 shares of KGFM from the open market for a total cash consideration of $53,188 in cash. Along with this information,
      180 words
    • LATEST RESULT
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      1444 11 "Jardines face the future with a stronger structure, operationally and financially' 99 Extracts from the 1978 Statement to Stockholders by Mr D K. Newbigging, Chairman and Senior Managing Director, Jardine, Matheson A Co., Ltd. The Annual General Meeting was held on 7th June, 1979. m 1978: A satisfactory year for
      1,444 words
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  • Article
    Lat's look at the queues outside' the book stores
    198 12 NOT FOR a long time have Singapore crowds greeted a local publication with such alacrity. The queues seemed endless yesterday when Lat was present to autograph his book, The Kampung Boy. Lat, whose real name is Mohamad Nor bin Khalid, had
    198 words
  • Article
    LONDON STOCKS
    839 12 LONDON, Thurs. Share prices were easier in quiet trading today, ahead of next week's UK Budget, dealers said, and at 5 p.m. the Financial Times index was down 1.7 points at 515.2. Industrials showed falls ranging to 7p although BP firmed 16p after 26p earlier, following increased quarterly
    839 words
  • Article
    Govt urged to provide venture capital
    583 12  -  By TSANG SAU YIN THE GOVERNMENT should provide venture capital to encourage entrepreneurs to set up highrisk operations, the head the Singapore Institute of Standards and Industrial Research (Sisir), said yesterday. Dr Lee Kum Tatt, chairman of Sisir, said venture capital is essentially equity
    583 words
  • Article
    No serious talks on Concorde service
    194 12 MR CECIL PuUhh, the UK Minister sf Stale far Trade, itwwi last alght that there has beea as substantial dheudMu relating to the BrittohSlagapsre Csacsrde service which the Malaysia ha* allawtd ea a slxmaath trial haria The UK aad MalaysU, he said, have "toaehed
    194 words
  • Article
    Lock icon Restrictions on British oil exports?
    97 12 Reuter BBC television news said the British government is seeking urgent talks with oil companies operating in the North Sea which could lead to restrictions on exports of British oil. The BBC report said government ministers are concerned about the fact that over 45 per
    Reuter  -  97 words
  • Article
    Path of Barlow merger smoothed
    294 12  -  By Gerald Colverd in London TALKS between merchant banker Morgan Grenfell and institutional shareholders in the Barlow group of plantation companies have successfully removed doubts and opposition to the proposed £70 million merger. Morgan director Graham Walsh said in London yesterday: "The unit trust groups,
    294 words
  • Article
    Lock icon Rebuff for Carter
    160 12 Reuter THE Senate has delivered a slap at President Carter's China policy and possibly given new life to a court challenge to his authority to end the US defence treaty with Taiwan. By a vote of 59 to 35 on Wednesday, it approved a resolution stating belief
    Reuter  -  160 words
  • Article, Illustration
    Lock icon Japan fears Russian arms move
    195 12 Reuter THE Japaneue Government Is watching with ctneera the possible transport of heavy arms by the Soviet Union to two disputed islands in the Ksrile inland chain off northern Japan, the Foreign Ministry said yesterday. "We will carefnlly consider what measure should be taken. We
    Reuter; AP  -  195 words
  • Article
    Lock icon Philippine to station shipping agent here
    484 12 AFP, Reuter THE Philippine government is planning to appoint shipping agents in Singapore, Penang and Port Klang to promote greater intra-regional trade among Asean countries. The Philippine Trade Commissioner to Malaysia, Mr j M Bacareza, disclosed this in Penang yesterday. He said negotiations are
    AFP,; Reuter  -  484 words
  • Article
    Lock icon Jump in Manila inflation
    318 12 Reuter, UPI INFLATION in the Philippines is likely to average 15 per cent this year, up sharply from an average 7.6 per cent in 1978, Philippine Finance Minister Cesar Virata said. A further rise in Opec crude oil prices this year, or additional surcharges on the
    Reuter,; UPI  -  318 words
  • Article
    Lock icon Proposal for Opec fund
    59 12 Reuter VENEZUELA will propose that Opec members unite their prices and set up a special fund for developing countries with US$BB billion (*****.6 billion) supplied by the oil producers, Venezuelan Mines Minister Mr Humberto Calderon Berti said. Mr Calderon said Venezuela will table these proposals at
    Reuter  -  59 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      67 12 THE SANVUA BANK, LIMITED SINGAPORE BRANCH U5520,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE JUNE 1961 In accordance with the provisions of the Certificates, notice is hereby given that for the Interest Period from June 8, 1979 to December 10, 1979 the Certificates will carry a rate of
      67 words
    • Advertisement
      Page 12 Advertisements Column 2
      70 12 PORSCHE NOTHING EVEN COMES CLOSE X; >- r /r- ym > F < "J Mfejv i" v« Rl >44 K? 's-/ v r*.' rv mm mm-v* t\ %-isr& 'Mir s •r. NGO HOCK AUTO SPARES CO PTE LTD SHOWROOM 881 BUMT TIMAHROAD SINGAPORE 23 TEt A>948 f >2 HEAD OEEICL
      70 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      63 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Isolated showers in early morning. Re pert for 24 hears prior to 7Jt p.m. on Jane 7 at the airport. Maximum temperature 30.5 Associated humidity 71 Minimum temperature 24.1 Associated humidity 94 Hours of sunshine 5.40 Rainfall in millimetres 9.5
      63 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Sanko sinks into the red
        118 13 AFP SANKO Steamship Co., a major Japanese tanker operator, sank deeper into the red in the financial year ended last March, hard hit by depressed freight rates and the yen's appreciation. Sanko wound up the year with 9,457 million yen (Ss94 million) operating loss, compared
        AFP  -  118 words
      • Article
        Lock icon Attracting the Chinese
        92 13 AP PORT officials in Savannah, Georgia, already involved in trade with Japan and other Far East nations, hope to attract ships from mainland China as a result of improved US relations. The Georgia ports authority, which already has three overseas offices, is planning to open another in
        AP  -  92 words
      • Article
        Lock icon Ship arrest
        61 13 UPI A LARGE Soviet fishing vessel was arrested yesterday by the New Zealand navy for using an illegal fishing net in New Zealand territorial waters, diplomatic sources said. The sources said the Soviet ship was found using an illegal fine-mesh net instead of the New Zealand government's approved
        UPI  -  61 words
    • Article
      Show offers 3 seminars
      848 13  -  MARINTEC ASIA '79 By GOH ENG KEE SOME 1,000 people are expected to attend the three seminars to be held here in conjunction with the Marintec Asia '79 Exhibition from June 11 to 15. The exhibition itself has attracted about 500 companies from 21 countries, which
      848 words
    • Article
      Lock icon London freight market
      199 13 UPI COMBINED carrier* r«tttooed t« pick ap Iterative dry etrgt kadaea. In tke Far East toe T*,5M dwt Slbotre received I 554.25 (5»45) per dwt far a Jaae time-charter trip tram Japan to toe Mediterranean via Anatralla while in tke Atiaatle toe Brittsk Steel Carparattaa baaked tke
      UPI  -  199 words
    • Article
      Marine Builders on the brink of collapse
      450 13 SINGAPORE'S shipbuilding yards' over-zealousness when bidding for contracts to keep their yards going has caused another company to flounder in financial difficulties. Marine Builders Pte Ltd, the latest victim, after a short life-span of slightly more than two years is on the brink
      450 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2107 17 SCHEPPLE 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 Fort of
      2,107 words
    • Article
      INDEX
      475 17 Shipping Um CM ACS n 5 Afea IV 3 Alpac IV 5 Angkutan V 4 ANL i 1 APL m 2 Arya Nat n 5 ASCL m 5 AustCont IV 5 Bank n 5 BBS n 2 Ben Asia m 3 Ben/EAC m 2 Ben m 3 Ben Ocean
      475 words
    • Article
      Container Schedules
      918 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 the
      918 words
    • Article, Illustration
      Exhibition a window to the latest know-how
      619 18  -  By RAHIM KASSIM THE FIVE-day marine exhibition opening on Mtkty at the World Trade Centre, Maria tec Asia U, promises to be an exciting display of technology developed by the marine industry. With about 219 stands representing some 5M companies from 21 countries,
      619 words
    • Article
      Furness Withy fights proposals from KCA International
      363 18 FURNESS Withy, the British shipping concern, has urged its shareholders to resist the attempts by KCA International and Eurocanadian Shipholdings to secure an influence over the affairs of the group. The move marks the first round in the fight for shareholders' support ahead
      363 words
    • Article
      Britain attacks US anti-trust moves
      594 18 THE British Government and West Germany's largest shipping line have criticised the United States' "unilateral action" in bringing antitrust charges over the alleged fixing of freight rates on container shipments between the US and Europe. British Trade Secretary Mr John Nott said in a statement
      594 words
    • Article, Illustration
      SHIPS IN PORT
      439 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Hang Long Shan (after Sea Glory) 33/34 Integrity (after Lloyd Bakke) 38/39 Juata (after Pella Group I on boad) 6/7 King Lake (0600) 22 Knud Jaspersen (RO/RO) (afte Sphi U) 46 Luke Lu (after Sea Glory) 35/36 Nikoloz Bharatshvili (after Pal Sea
      439 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      520 13 a st class transport Agents: Nedlloyd EAC For further details, please refer to page 3 Scan Dutch ivJ> JARDINF AN I" AH Orient Overseas Co*dci*teA. Line FULLY CONTAftRtSED gjHMCE TO EUROPE (VIA SUEZ) f S'lart PXetawl Fstow* L«Knre lim H"Wr| Antwerp *AL IJT 9 6 10 6 30 6 26
      520 words
    • Advertisement
      Page 13 Advertisements Column 2
      280 13 SEALORD ANTAH m UASC UNITED ARAB SHIPPING CO (SAG) 11 All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability ■■ARABIAN GULF WEEKLY SERVICE S pore Loading for BN BAJ)AH Muscat (22/6). Dubai (24 6) Abu Ohatx (26 6) Doha (28 6). Bahrain (1/7). Dammam (3/7)
      280 words
    • Advertisement
      Page 13 Advertisements Column 3
      497 13 NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE i'H l .gf.'.i*-' N co«Ai- rffc —nrcr 3ojw. c PAUI 15 ton 16k,« 6Mi N PMSI 22 Mt 24 Mi 13 My C *021 27 Jim 29 Mi 19 to»y A JACfM* <M, 5My 24 My *CO*TA*S 11
      497 words
    • Advertisement
      Page 13 Advertisements Column 4
      584 13 NecNloyd Lines Call us We call the world Agents: Nedlloyd EAC Please refer to page 3 MAERSK LINE Mother Vessel >0R (Ml Am Honftong Manila Kaonswngi Japan I Tokyo Kobe »o»ohamj Naeora OsiU Slmiwui ln 11 m 11/6 11/6 25/6 2/ 7 I 22/ FROM East Cauda and US Atlantic
      584 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      629 14 FULLY CONTAMRISED TO EUROPE Kanukwa Nn Tokyo Bay Criiabr Toluo Eipreu EkeMani CKaka Bar Liverpool Bar EXPRESS CONVENTIONAL TO EUROPE S'pore P Kelanf Nil BBbao Genoa H'bwj Bremen I dam Antwerp Sopbie Ibdunert 18/6 21/6 5/7 21/7 18/7 16/7 14/7 Paul Ibduntn 17/6 19/6 19/7 13/7 30/7 28/7 25/7 23/7
      629 words
    • Advertisement
      Page 14 Advertisements Column 2
      347 14 barber blue sea Fran: US ATLANTIC US GULF EAST CANADA r *1 11 12 km If 13 ta 7 In 21 •SS ISB I I IS Next Arrival: "NJ. PATERAS" June 19/20 at BARBER LINES TERMINAL GODOWN 47. "TtOMOrVLAF' June 28; "BARBER PRIAM" My 4 Tr. US ATLANTIC US GULF
      347 words
    • Advertisement
      Page 14 Advertisements Column 3
      561 14 0 EVERGREEN LINE r FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTING CARGO FOR HAMBURG. FELIXSTOWE. ROTTERDAM ANTWERP LE HAVRE ALSO ACCEPTWG CARGO FOR UNITED KINGDOM SOUTHAMPTON LONDON. MANCHESTER. BIRMINGHAM BRISTOL. LIVERPOOL. GLASGOW, LEEDS WEST GERMANY MKMEftHAvEN HOLLAND AMSTERDAM Spvt HMtot Fafastaot MMwtaa ArtM* U Miwt Enr V*r 15 km (M
      561 words
    • Advertisement
      Page 14 Advertisements Column 4
      480 14 Everett Lines Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' LMOMG FOR DMGOON HTANTAWYWA Seaport 16/18 tunc B F 55 C Agents m Malaysia TEPS MALAYSIA Port Kelang Tel (38)7355 Penang Tel *****/***** Compania Argentina Da TIM Wmmmtm Intarcontinantal S. A. C.I. F. JUT "ARGENTINE NATIONAL LINE" LOAOtNG FOR DURBAN.
      480 words
    • Advertisement
      Page 14 Advertisements Column 5
      708 14 r T210.5.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHE NTON WAV MISTRI ROAD SINGAPORE 2 TFL *****44 7& *****70 121 SANKYO LINE AUSTRALIA SERVICE P. Ketong Smgapore Loaifing for: KVOSO MMU 12/14 km 15/16 km SYD. MEL. ADEL THREE SIM 15/16 June 17/17 Jute
      708 words
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  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      833 15 t r nuß}) ouur o, OCL Overseas Containers Limited Weekly service to/from UK/Europe To UK/Continent TakyoOaY Cardigan Ba» Tok* Eipress El* Mara Osaka Bay InrarpMt h; IMv| EipfMs Bcnann From UK/Continent IT dam Awerp 2 to 7 M 17 M 24 to 21 to 31 M Aug It Hint 4
      833 words
    • Advertisement
      Page 15 Advertisements Column 2
      1035 15 GRANARD LINE RELIABLE t DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDITERRANEAN MV. MAN HMC V.27W MV MM FUNS *21*. S'pm h«"e IS IM 14 M 17 M MV. I HONS FUNS V2*>. 30 M MI KSSELS ACCEPTORS COOTMW* CARGO leddah/P Said/Alexandria Beirut/Limassol Lattakia Pireaus/Benghazi/Tnpok Mdii/P Said/Alexandria Betrut Lattakia/ Pireauv Tripoli
      1,035 words
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      Page 15 Advertisements Column 3
      813 15 BEN LINE CONTAINERS EXPRESS CONTMO SERVICE TO/FROM EUROPE TO EUROPE Aamakura Maru Tokyo Ban Cardigan Bay Tokyo Eipress Elbe Maru Osaka Bay Liverpool Bay Hamburg Express 25/7 FROM EWOH H BURG B HAVEN H BURG B HAVEN R DM* HAVRE SOTON Germany Austria Berwtai France All UK PAelang SaM SaM
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      Page 15 Advertisements Column 4
      576 15 Scan Dutch 9 T iW '.'i VII .>111:1 »i r»* T i J »T1 II :#i; »3i WEEKLY EXPRE EASTBOUNDFROM MED/UK/NC/SCANDINAVIA 1) CMr| 2) Ktart lw4) too S) IM<«) Mwdte f Hetanf Spore KOMIGAN SMad Sadad Saded Saded Saded Saded 9 6 Saded WO HOUUMM Saded Saded Sa*M Saded Sailed
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      Page 15 Advertisements Column 5
      489 15 BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD. LOADS FOR E. S. AFRICA FANEROMEM Reunion CtowU**usi) S pore 12/16 Aug P Kelang 17/19 Aug (ROM EAST t SOUTH AFRICA A VESSEL Penai* f Ma* FOR BANGKOK MAMIA Spore Mr U.S. GULF COAST SERVICE (New Orleans, Mobile, Houston, Galveston) Smppare P. Ketone
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      978 16 E K line KAWASAKI KISEN KAISHA. LTD. EUROPE EXPRESS SERVICE TO EUROPE P Kelang L Havre R'dam 10 lun 26 lun 27 Jun 16 lun 2 luly 3 July 24 lun 9 luly 10 luly 29 lun lb luly 16 luly 5 Jul, 20 luly 21 luly Bremen A'werp 30
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      Page 16 Advertisements Column 2
      755 16 U.S.A./EAST CANADA SERVICE Penang Beiawan P Mang Smjipo'f KTSHUA TEJ". "A «Esa-.._ E.C./GREAT LAKES SERVICE LOMMG FOR: NED TOM. NOBFOU. MONTREAL. TORONTO Penang Betawan P Mang 20/3B Am 27/2* AM 21/21 Mr 11/10 A* CALIFORNIA/PACiFIC NORTH WEST SERVICE lu*( tar LOS ANGEIiS. SAM FRANCISCO SEATTLE. TACflßtt. VANCOUVER. B C Penam
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      Page 16 Advertisements Column 3
      696 16 S S/\(»r»>ii|) SINGAPORE SHIPPING AGENCIES PTE. LTD 20TM FLOOR OCEAN Bull D NG SINGAPOWE MARKETING 9H122 (3 LINESi GENERAL 91J111 114 LINE TELE* RS 2459S RS 25St>8 A B CARSmP C AOL E CARGOSH SINGAPORE ISLANDS USE MIDDI.t hAST RK.ILAR I.ISt R A SAFE WAV TO SHIP BV SSA GOUOI
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      Page 16 Advertisements Column 4
      716 16 'Of§l(Di m .MAI*YSIAN INTfPNATtONAI SHIPPING CORPORATtON BCRMAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA I) Barcelona. Genoa 2) Amsterdam Antwerp I Havre Bilbao Basle UK. 3) Bremen Brement\a»en Aarhus Copenhagen Helsinki 4) Malmo Stockholm Oslo •Accepting turope cargo lot feeder na S port EAST BOUND 1) Gborg 2) H burg 3)
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      Page 16 Advertisements Column 5
      811 16 f INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****11/*****57 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S port P. KeUng Penan? Lojdnt for: ALEXAfORA N W839 11 hn 9 Jui Avon (UK)/A'werp/ ELBE NB4O (Contr S*) 25 J«- JS^Slrg NOR ASIA N842 21 Jun 1 M
      811 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      299 17 MWH EGYPTIAN IUTCOkJATintJAI I tKJC (Cll I INTERNATIONAL LINE (EILI EGYPTIAN FLAG SALMGS FROM EGYPT TO SHGAPORE TO BE ADVISED EGYPTIAN-FLAG VESSELS ASSURE PRIORITY USE OF BERTHS AT EGYPTIAN PORTS II GENERAL AGENTS: SUB-AGENTS: L.N. SUPPING PTE LTD H.S.H. (M) SON BHD Tel: *****11 (Sinfapore) Tel: *****3/*****7 (KL) TLX R*****7
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      Page 17 Advertisements Column 2
      286 17 preaa i£td BOUND 10ADWG FOR MUSCAT DUBAI ABU DHABI BAHRAM KUWAIT BACH.one v.kw eastdw express ».«w(tbc) EAST-BOHO D6CHARGMG ONLY RANGOON/CHTTTAGONG/CHALNA SEHVICE MY FM SLAWS CO«T WO SERVICE TO AUSTRALIA OA no LOAMK FOR: XJtALD 15 ki 17 M m Gutfeast Shipping Pte Ltd Suite 704/706. Ocean BuMmt Coßyer Quay. Singapore
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      Page 17 Advertisements Column 3
      326 17 r w P.T PERUSAHAAM PEIAYARAN *3. ANGKUTAN PERTAMBANGAN TH OM.T SRGAPORE MDOXSIA CONTAKR FEEDER SERVICE AUTHORISED BY NMCSU GOVERMENT WITH FUI CONTAKR VESSELS EACH CARRY MG 112 TEU VESSEL TAABANG VI.. ALSO ACCEPTWG CARGO FOR O«ONESIA GOVERJiftNT PROJECT AND HEAVY lAAOONERIS TAX AM TAX AH TAMBANG M SMGAPORE LOAOMG FOR
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      Page 17 Advertisements Column 4
      234 17 IiAN SOON SHIPPING TRADING CO (PTE) LTD ..o: 'too* suits •c.tosusc* »o«c sm&*»o»i •n rsosr. t us* ctsii ti»*«mo H« mMMI DAimg n rati 94-79 immu slv oatniMs a ran w-79 mumtm M» OORT MT«- 15-4-79 174-71 MVVM UUK PMOMC us -«n«M uuu r »i ur r M V SDK
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      Page 17 Advertisements Column 5
      358 17 CELTIC BULK CARRIERS Regular Bulk Service For Timber ft Plywood Sparc P Aetanj Loadnt tar: FLOW N (VOY 2) 17/8 20/8 NANTES,TUURY, LTOOt NOL/wtraar CMOFF CUT (VOT 3) 1/7 10/7 MOKTO*. HOUWB. n, ltool, ant CELTIC CVOY 4) 25/7 2«/7 HOI. VL. LTOOL, ANT. Marathon United Agency Pte Ltd Spora
      358 words
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