The Business Times, 4 July 1979
1979-07-04
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The Business Times
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Title Section9 1979-07-04 1 BUSINESS TIMES M.C.(P) No. 14C/1/7S WEDNESDAY, JULY 4,1*7* 50CENTS9 words
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BRIEFLY...
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Article72 1979-07-04 1 UPI HONGKONG, Tues. Hanoi criticised Singapore today for joining a smear campaign against Vietnam and suggested that the Republic, whose population comprises 75 per cent Chinese, was being used by China. Disclosing this the Vietnamese Communist Party paper Nhan Dan also reported that Vietnam has told its South-eastUPI - 72 words
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Article39 1979-07-04 1 UPI WASHINGTON, Tues. The US-Japan agreement on colour television imports, which is two years old this week, is being undercut by Taiwan, Korea and Singapore, the Committee to Preserve American Color Television (Compact) said today.— UPI.UPI - 39 words
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Article60 1979-07-04 1 UPI JAKARTA, Tues. Indonesia plans to increase its crude oil production by 14.7 per cent within the next five years to meet growing foreign and domestic demands, the president of the state-run oil corporation, Pertamina, said. Indonesia's crude production will rise from 582 million barrels this yearUPI - 60 words
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Article63 1979-07-04 1 Reuter KUALA LUMPUR, Tues. The sixth meeting of businessmen from Japan and Asean countries which ended here today agreed to study the feasibility of a general investment fund. The chairman of the meeting, Senator Kamarul Ariffin of Malaysia, said the Japanese felt that such a fund could helpReuter - 63 words
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Article64 1979-07-04 1 Reuter LONDON, Tues. Britain's gold and currency reserves rose by US$53B million (551.17 billion) in June to take total reserves to a record $22.07 billion, the Treasury announced today. Apart from other domestic factors, the latest reserve figures highlight the strength of the British sterling, which has appreciatedReuter - 64 words
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Article70 1979-07-04 1 Reuter TAIPEH, Tues. Taiwan's economy is expected to grow by about 8 per cent instead of 8.5 per cent set by the government earlier this year, according to a forecast by the Taiwan Institute of Economic Research. A research paper released by the private institute today said theReuter - 70 words
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Article48 1979-07-04 1 AP NEW YORK, Tues. The stock market was slightly lower in early trading today. The Dow Jones average was down 1.53 to 832.51 in the first hour and declining issues slightly outnumbered advances in the overall tally of issues traded on the New York Stock Exchange.AP - 48 words
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Article151 1979-07-04 1 Rises Indices J C-.ment 137 3 Jul 2 Jul 3 Nat Iron 490 2 B.T Index: 2176.47 2159 96 M Flour 200 2 Industrials: 373.67 372.32 Inchcape Setron U O I L O L 170 238 213 2 1 +1 Finance: Hotels: 671.17 ***** 666.39 281.29 140151 words
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Article, Illustration154 1979-07-04 1 Falls Indices Benta 420 -26 Jul 2 Jul 3 D Keramat 1120 -20 B.T Index: 3148.52 3159.49 Berjuntai 780 -15 Industrials: 400.15 398.89 Kemavan 230 -14 Finance: 593.77 Malakoff 280 -10 Hotels: 257.05 257.09 E A I 330 -10 Properties: 231.16 229.40 F and N 535 -10 Tins:154 words
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Article939 1979-07-04 1 QUEK PECK LIM - ACQUISITION IN MIND By QUEK PECK LIM SENIOR Sime Darby officers are now finalising discussions with Hongkong merchant banks to raise more funds for acquisition. Mr Michael Dowdy, the conglomerate's finance director, will be returning to the group's Kuala Lumpur headquarters today after spending some939 words
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Article183 1979-07-04 1 RETIRED Police Commissioner Mr Tan Teck Khim is now in the world of high finance. With effect from July 1, he has been appointed a director of the Overseas Union Bank (OUB), in addition to his earlier appointment as chairman of Hotel Negara. Hotel Negara is183 words
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587 1979-07-04 1 COLIN CHEE - By COLIN CHEE MANUFACTURERS in Singapore hard put for funds to .automate and mechanise their operations may soon be able to buy capital equipment from Taiwan on very competitive terms. This will be made possible under a scheme which Taiwan's Export-Import Bank has offered to587 words
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Article80 1979-07-04 1 THE WORLD Trade Centre is conducting a feasibility study on a computerised service which will match buyers and sellers from different countries and cover all commodities. Termed "market match", this system will serve as a continually updated computerised directory. It will provide basic information about subscribing manufacturers, exporters,80 words
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279 1979-07-04 1 SINGAPORE will H* be able to pity nwrt active rale la Industrial complementation of Amu ecutries as regards robber following the formation of tbe Singapore Robbfr and Rubber-based Industrie* Coucll (SRRIC). fl pea Mag at tbe caaaell's Inaugural meeting yesterday, SRRIC chairmaa279 words
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330 1979-07-04 1 ONE OF the best known accounting firms in Singapore has begun operating under a new name following a worldwide merger of two major American and English accounting groups. The new entity, rising out of the shell of the old Turquand Youngs and Co in Singapore,is330 words
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Article137 1979-07-04 1 PUBLIC accountants who resort to covert advertising of their services in newspapers may face disciplinary action. This warning was given by the Singapore Society of Accountants in the latest issue of its bulletin. It said there had been many advertisements in the press recently which137 words
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Page 1 Advertisements
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Advertisement31 1979-07-04 1 whatever you need in menswear,get it at... MOHAN'S DEPT. STORE (PTE.) LTD. 321. Orchard Road Tel *****22 (next to Mandarin Hotel) Branch: lOl.TanglinShopping Centre Tat *****40 Daily 9am-9pm See Back Page31 words
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Advertisement279 1979-07-04 1 The Force That Makes Money Grow Riding a Return of Rationality Earlier this year readers of the Capital Gains Research reports were being told to buy FAIRCHILD CAMERA at levels as low as $28; and now a control race by GOULD and SCHLUMBERGER has pushed it to $65 In late279 words
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Advertisement69 1979-07-04 1 imm SHIPPING TIMES SEVERAL firms show Interest aMy... 11 In hDB schemes 2 THE stock market last month... 11 SINGAPORE'S first qnallty MORE say for Singapore workspring factory 2 ers In the It WHAT price corporate pUanlng 7 RAHIM Kassim reports from GOLD Coin Is planning to diver- 8a1i.......................................... MEMO69 words
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Advertisement213 1979-07-04 1 MASTERS IN GOLF > golf caniar* dapl Mom Son Of WW ROYAL SPORTING HOUSE PTE ITO 201. High Slrwic«nv* T# TtttHl A 7M54 Leader...page fi Push the button and run. With the Copia 1600 there's no warm-up time: switch on and copy. Clean, crisp copies with all the varying degrees213 words
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TRADE AND INDUSTRY
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Article408 1979-07-04 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 22-Aug 18: Systematic training for effective parenting, Waterloo Street Centre, Dept of Extramural Studies July 5-6: Leadership and408 words
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751 1979-07-04 2 JOHN LIM - By JOHN LIM SEVERAL companies have shown interest in three new incentive schemes being administered by the Economic Development Board. The recently-introduced schemes are Investment Allowance, Warehousing and Servicing, and International Consultancy incentive packages. An EDB spokesman said the first batch of applications751 words
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Article48 1979-07-04 2 A RETAILER of Australian apples and pears in Singapore has won herself a double return ticket to Penang in a lucky draw sponsored by the Australian Apple and Pear Board. Madam Lee Kwee Hiang of Sin Soon Huat was one of 31 other prize-winning retailers48 words
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454 1979-07-04 2 LEE YOKE MENG - By LEE YOKE MENG SINGAPORE'S first quality springs factory will begin production next month, giving added fillip to the hightechnology industrial scene here. Baumann Spring has been granted a six-year pioneer status for manufacturing high quality springs. It is among the expanding group of industries454 words
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Article, Illustration122 1979-07-04 2 ABOUT 200 representatives of local and overseas firms which will take part in Machine Asia '79 exhibition were briefed on procedural matters by the director of Singapore Exhibition Services yesterday. The director. Miss Jean Mac Donald, went through the procedure for delivering, installing and testing equipment, the122 words
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Article183 1979-07-04 2 THE MOTION picture industry is important not only to the people who work in it, but also to governments, although for different reasons. At the opening of the 25th Asian Film Festival yesterday, Dr Ahmad Mattar, Acting Minister for Social Affairs, said the festival may mean triumphs183 words
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Article, Illustration210 1979-07-04 2 NATIONAL Cane Furniture, which produces cane furniture mainly for exports, has started making adjustments to its product designs to prepare for a major sales promotion in Australia, its third largest market after West Germany and the United Kingdom. Australian preferences for the colonial type210 words
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Article156 1979-07-04 2 A SENIOR management seminar on IV Social Responsibility of Corporations In Singapore is being organised by the Singapore Institute of Management and the Konrad Adenauer Foundation for July 19 and t». IV seminar, to be beld for a maiimim of M senior executive* at Mandarin Hotel,156 words
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Article136 1979-07-04 2 THE National Productivity Board (NPB) will conduct a month-long "Basic safety and health training course" for shipyard safety officers at the YMCA International Centre in Palmer Road from July 30. The course covers the basic principles of accident prevention, the Factories Act, fire and explosion, shipyard136 words
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614 1979-07-04 2 TSANG SAU YIN - By TSANG SAU YIN GUTHRIE Trading, a division of Guthrie Singapore, is re-organising its managerial, technical and sales sectors in a major drive to promote Canon products, including cameras and business machines. Canon, a product line held since 1952, is Guthrie Trading's main agency614 words
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Page 2 Advertisements
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Advertisement313 1979-07-04 2 w i 'Probably the best espionage novel ever written.' Richard H Growald, UPI 'A major literary event... a marvellous tale of spies and intrigue spun with intricate skill by a master story-teller. A must.' PLA YBO Y 'As fine a novel as he has ever written concise, ironic, acutely observant313 words
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REGIONAL
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355 1979-07-04 3 ASEAN governments were urged to make a declaration of intent regarding the establishment of a free trade area in the region. Speaking at the sixth Asean-Japanese businessmen's meeting in Kuala Lumpur, Tun Tan Siew Sin, financial consultant to the Malaysian government355 words
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Article95 1979-07-04 3 THE World Bank announced on Monday that it approved a record lending of U*****.1 million to Thailand in the fiscal (accounting) year of 1979 that ended June 30. This amount was $53.6 million more than the previous year's lending of $231.5 million and represented a substantial95 words
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632 1979-07-04 3 THE MALAYSIAN government is keeping a close surveillance over prices and will not hesitate to take measures to ensure that there is no undue increase in prices, Finance Minister Tengku Razaleigh Hamzah said. He said the consumer price level during the remaining months of632 words
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Article, Illustration49 1979-07-04 3 American Secretary of State Cyrus Vance (left) and Indonesian Foreign Minister Mochtar kusumaatmadja (right) signing an agreement on cultural and social relations in Bali Indonesia on Monday. The other four Asean countries are also parties to the agreement with the US. UPI photo. Source: UPI photoSource: UPI photo - 49 words
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Article330 1979-07-04 3 JAPAN has decided to implement energy-conserva-tion measures and step up efforts to develop alternative energy sources. The decision was reached when Prime Minister Masayoshi Ohira and three cabinet ministers dealing with economic affairs met to discuss measures to cope with the new economic situation following last week's seven-nation330 words
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733 1979-07-04 3 Agencies VIETNAM is ready to attend an international conference on refugees proposed by United Nations Secretary General Kurt Waldheim, the Japanese Kyodo News Agency yesterday reported Vietnamese Communist Party Secretary General Le Duan as saying. Vietnam has already informed the UN of this, MrAgencies - 733 words
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190 1979-07-04 3 AFP JAPAN and Indonesia signed an agreement in Denpasar, Bali, on Monday on a Japanese soft-term and commercial US$2OO million loan to help finance an Asean urea fertiliser project in Aceh in the north of Sumatra, Television Indonesia announced. The Asean project in AcehAFP - 190 words
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Article247 1979-07-04 3 AFP ZHEJIANG province, a major centre for light and textile industries in central China, would this year add more than 1,700 new products for the foreign and home market. New China News Agency reported yesterday. The silk producers of Zhejiang had originally planned to introduceAFP - 247 words
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Article70 1979-07-04 3 THE Saudi Arabian government is prepared to consider assistance for pilgrim projects in Malaysia TTiis willingness was voiced by the visiting Saudi Arabian Deputy Minister for pilgrimage and endowment. Sheikh Abdullah Abdul Mutalib Bugif, according to the deputy director of the pilgrims management and fund board. Haji Ahmad70 words
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618 1979-07-04 3 AP THE Carter Administration will ask Congress this month to grant most-favour-ed nation trade status to China, State Department sources said. The sources said the Administration has almost given up hope that it can include the China trade benefits in a package ofAP - 618 words
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434 1979-07-04 3 MALAYSIA will welcome any move by Japan to establish an Investment Guarantee Agreement (IGA) in the light of an expected increase in trade and investment between the two countries. The Deputy Finance Minister, Da tin Paduka Rafidah Aziz, said the IGAs which have already434 words
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Page 3 Advertisements
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Advertisement92 1979-07-04 3 When you're fishing for new markets, land big I game with the help of air freight experts. When you're busy meeting deadlines, controlling inventory, hounding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as seriously92 words
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RAW MATERIALS
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841 1979-07-04 4 THE US government, as far as many futures traders are aware, outlawed trading in commodity options on June 1, 1978, because of widespread abuses by unethical dealers that federal regulators could not control. But not all commodity options were banned, and, indeed, this sector841 words
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Article175 1979-07-04 4 SUGAR trading yesterday continued the recent quiet trend with no trades registered as on Friday, dealers said. September closed at US 8.75/80 cents against Friday's 8.80/85 close and May at 10.15/20 against 10.10/15 with new July opening 3 at 10.35/40 cents. Sugar futures closing prices: CMi( Prevtoas Ctaki175 words
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Article253 1979-07-04 4 MORE than an inch of rain fell on York, Nebraska, this week, soaking the knee-high stands of corn and sorghum grain and sparing farmers the expenditure of precious diesel fuel to irrigate them. "That rain was most timely," said Dale Olson, whose rich black acres253 words
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Article269 1979-07-04 4 THE Singapore rubber market yesterday closed slightly higher with July One RSS buyers quoted at 287.00 cents per kilo, up 2.50 cents from Monday's close, dealers said. Morning prices were marked up slightly on short-covering interest, speculative buying and lack of sellers, they said. Afternoon values gained some ground269 words
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Article446 1979-07-04 4 R A S prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 R.S.S. prompt f.o.b. 288.75 289 75N 290 00 291 OON Int. 1 R.S.S. July 286 00 286.50 287 00 287 50 Int. 1 R.S.S. August 288 00446 words
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Article122 1979-07-04 4 NOON SSR and SMR pew* a yaateniav RAS Jaljr Aamat (Car real Mtk) (Forward Mtk) Bayers Seller. Batera Seller* SSR 20 Ilia m pallet' *****N 280 (JON 279.00 28I00N SSR 50 (lb hi pallet I 275.00 277 00N 278.00 278.00N MRELB SMR CV Mb pallet! ***** 31"122 words
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Article175 1979-07-04 4 THE 8,711 ,999 bushels of US soybeans Inspected for export daring tbe week ended Jane 28 Included a farther 1,992,999 bushels inspected for export to China. This brings to 1,183,999 bushels total soybeans inspected for export to China during the 1178/71 season, compared with 3,189,999175 words
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Article330 1979-07-04 4 TRADING followed the same routine on the Singapore produce market yesterday. The lack of overseas advices and enquiries continued to put an easier bias on prices. Going by the set of prices supplied by the Singapore Chinese Produce Exchange, all commodities ended unchanged. But these prices were quoted330 words
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Article337 1979-07-04 4 SINGAPORE: Yesterdays closing prices in SI per kilo, ex-godown: THAI WHITE 100 per cent first class (Kangaroo) new crop 0.8. 100 per cent second class O.K. 100 per cent third clan 0 80. 25 per cent new crop no stock. B-10 per cent 070 THAI BROKEN A-super 0 62.337 words
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Article198 1979-07-04 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cittia jrara: China Blue Phoenix 20s 2,300 3k 2.810 40s 3.030 (per bale o* 400 lbs). Pirn gaads: China Butterfly and Globe brand unq. Dragon Head unq: Five Lambs unq; Flower and Butterfly198 words
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Article81 1979-07-04 4 THE Straits tin price in Penang stood unchanged at M 51,975 yesterday, still $275 above the International Tin Agreement ceiling, dealers said. They attributed the steadiness to a further redaction in tin ore suppiled and con tinned follow-through buying support, particularly from the Japanese and local traders. An81 words
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Article29 1979-07-04 4 Rubber: July 3 Singapore: July: 287.00 cents (up 2.50 cents) Malaysia: July: 287.50 cents (up 3.00 cents) Tin: $1,975 (unch) Official offering: 190 tonnes (down 20 tonnes)29 words
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Article76 1979-07-04 4 WHEAT futures extended gains late in the session on Monday to close up US 15-1/ 4 to eight cents a bushel. Traders attributed the advance to local and commission house buying met by only token selling. They said much of the buying appeared to be technical after last week's76 words
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Article61 1979-07-04 4 PHYSICAL coffee traders in London said they had received private telexed information from Indonesian sources indicating that the coffee export tax there had been increased by around 1.5 per cent from Monday. In addition, traders said there had also been some internatnal adjustments made in respect61 words
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Article543 1979-07-04 4 SUGAR: Raw sugar futures held in a narrow range throughout a quiet morning yesterday to finish unchanged to £0.85 per tonne higher. Turnover was 238 lots. White sugar prices were £0.65 lower to £0.50 higher after trading 65 lots. The market dipped initially in front of yesterday's Indian543 words
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Article67 1979-07-04 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated LONDON: Malaysian 5*b ffa bulk per tonne Mm Prevt«ai August unq 682slr Sept 672slr Sumatra 5% ffa bulk July 680 685pd 700slr Aug 680pd 695slr 690pd Sept unch 690s lr Oct unch 68Sslr Nigeria 5% ffa67 words
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ASIAN STOCKS
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Article576 1979-07-04 4 Tokyo Source: DBS-Daiwa SINCE the first trading day for delivery this July until now. trading has been brisk in lowand medium priced, largecapitalised shipbuilding, chemical, steel and light-and heavy-duty electrical issues because of buying by major brokerage houses and corporate investors. Dow-Jones average yesterday recovered the 6,300 levelSource: DBS-Daiwa - 576 words
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Article165 1979-07-04 4 THE market closed lower across the board yesterday, although turnover rose to 4.8 million pesos from Monday's 2.7 million, dealers said. Philex B, Phil Overseas and PLDT all fell, and there were no gainers. Unchanged issues included Acoje Mining, Baguio Gold, Lepanto B, Basic Petroleum, Pogei, Pioneer, Sea front,165 words
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Article285 1979-07-04 4 THE market closed mixed in quiet activity yesterday, dealers said. Bangkok Investment rose eight baht to 230, Siam City Cement four to 259. Thai Glass Industries six to 358 and Bata Shoes 12 to 631. Asia Credit (ell six baht to 252, Mah Boonkrong Drying and Silo four to285 words
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Article285 1979-07-04 4 Source: SHK Sec Ltd. THE market opened weaker yesterday after the long weekend. reflecting London selling and fears over the oil supply situation. Little activity was seen in the "special situation" shares until late in the day and this was reflected in the day's activity. Although China Engineers eventuallySource: SHK Sec Ltd. - 285 words
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Article314 1979-07-04 4 THE market was generally easier yesterday after recent sharp rises, although some uraniums, coals and oil made further gains, dealers said. BHP fell 20 cents to A 59.36 on profit-taking, but with generally Improving prospects for uranium sales, Pancontinental rose 90 cents to $13.60, Kathleen Investments 25 cents to314 words
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Article62 1979-07-04 4 FINANCIAL TIMES INDUSTRIALS ».l Friday 47T Week Ago 47: !J DOW JONES AVERAGE INDUSTRIALS Monday 834 rv 04 Friday 841 98 2ft w LONDON DOLLAR PREMIUM Monday 28 to 27 i/« if Friday 21 nj H.K.HANG SENG Tuesday 535.91 Week ago 538.37 SYDNEY INDUSTRIALS Tuesday 481.37 Week ago62 words
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Page 4 Advertisements
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Advertisement265 1979-07-04 4 b ?iMTiI The 2nd South East Asian Production Machinery and Engineering Equipment Show 15- 19 October 1979. Maritime Square. World Trade Centre. Singapore Come to South East Asia's largest woodworking machinery show. Test more than 150 working machines at one time in one place. Plan your October visit now to265 words
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OVERSEAS
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291 1979-07-04 5 Reuter NEW orders for manufactured goods in the US rose three per cent in May to a seasonally adjusted U*****.23 billion (Ss3os billion), the US Commerce Department said. This compares with a drop of 6.1 per cent to $140.96 billion in April. .ShipmentsReuter - 291 words
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Article239 1979-07-04 5 Reuter EXECUTIVE vice-president of Nissan Motor Co Ltd, said Japan will increase its shipments of motor vehicles to the US substantially in 1979, from last year's level, following a decline in inventories. Mr Okuma told a press conference that Japanese manufacturers, including Nissan, heldReuter - 239 words
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326 1979-07-04 5 Reuter THE LATEST test of the West German business climate by the IFO Economic Research Institute shows that the situation of the German manufacturing industry has clearly improved in May. Companies reported a significant increase in incoming orders, with strong demand spurring productivity and contributing to theReuter - 326 words
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292 1979-07-04 5 Reuter THE US Commerce Department said a study carried out by its economists shows wage price guidelines would be effective both in reducing the rate of inflation and in boosting economic growth over a five year period. The study concluded that the GNP deflator wouldReuter - 292 words
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Article783 1979-07-04 5 ARRIVALS Service Local Operator Number Time From GIA GA980 1030 HLP SIA SQI03 1045 KUL SIA SQ211 1045 HLP MAS MH605 1045 KUL GIA GA944 1055 PKU GIA GA906 1100 MES THAI TG423 1125 BKK PAL PR501 1135 MNL GIA GA982 1200 HLP SIA SQ240 1210 MES783 words
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280 1979-07-04 5 Reuter INDUSTRIAL eaaatries' reserves fell to 1M.«2 billion Special Drawing Rights (SDR) to May, frsm 1(1.(5 button to April, the Interns ttoanl Msaetary Fnnd (IMP) saM. US reserves rase to 11JB bUltoo tram 11 Jl billlsn, hat Caaadlan reserves dipped to 3.21 btlUsa (ramReuter - 280 words
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627 1979-07-04 5 NYT MOVES to spur business investment and prxhictivity growth in the US, by speeding tax write-offs on capital goods are gaining a head of steam in Washington. But the Carter administration, still giving top priority to budget balancing, is hesitant about lending support. Although fasterNYT - 627 words
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WORLD IN BRIEF
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Article411 1979-07-04 5 Agencies JAPAN'S seasonally-adjust-ed unemployment fell to 1.12 million in May from 1.22 million in April, lowering the adjusted unemployment rate to 2.01 per cent from 2.19 per cent, the Prime Minister's office said. Unadjusted, the May jobless total fell to 1.11 million from 1.24 million in April, downAgencies - 411 words
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Article, Illustration603 1979-07-04 5 Reuter PRESIDENT Carter and his advisers yesterday tried to thrash out an answer to an energy crisis, which is angering Americans and sapping their confidence in his leadership. Mr Carter and his advisers met for two sessions at the White House, after warning thatReuter - 603 words
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Article477 1979-07-04 5 THE LATEST rise in Iran's oil prices an estimated 24 per cent will prove a windfall for the country, by absorbing an anticipated U554,710 million <Ss9B9 million) deficit. A draft budget released by the government called for austerity for the last three quarters of the fiscal year,477 words
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Page 5 Advertisements
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Advertisement46 1979-07-04 5 IB Incorporating Groap a ad The Change of Telephone Numbers Times House on Friday, 6th July 1979 at about 9.00 pm The Straits Times Berita Marian Business Times New Nation les Publishing Centre) Groap. k I From 370 W* 737 *****1 *****1: *****44 Jh. 'Jfc v-J46 words
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Article389 1979-07-04 6 MR Devan Nair, with his usual eloquence and directness, has issued a most timely warning to Singaporeans. As workers, management and government arm themselves for the Second Industrial Revolution, one point must be realised and accepted. Singaporeans must not try to run before they have389 words
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293 1979-07-04 6 IT IS somewhat puzzling to find that professionals are put under some of the most severe strictures in working life. They, who in so many ways are the most venerated of people in a society, are often hemmed in by rules and regulations which appear to293 words
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Article, Illustration1920 1979-07-04 6 DAVID RHYS; DAVID RHYS - WITH Singapore textile manufacturers along with all other manufacturers now faced with the need to upgrade their operations, it is worthwhile taking a look at the textile and garments industry in Hongkong. Here, as RHYS DAVID reports, the industry is rapidly steaming away from its1,920 words
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Page 6 Advertisements
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Advertisement113 1979-07-04 6 'Ms. S MM j, >A /i m n ci 5V W V m 0:0 a **> is K r f.. 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 in113 words
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Page 6 Miscellaneous
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Miscellaneous1297 1979-07-04 6 Heart-warming finish AND they lived happily ever after. Watch Jane Eyre at IJtpn tonight W a K»od, heart-warming *la"th»s ceaciodlag episede, Jane runs off ea to the mean, hat It tans eat to he a Messing I—she eais ap la the hease mi St Jaha Rivers whe later dbeeven she1,297 words
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Article, Illustration814 1979-07-04 7 FOX BUTTERFIELD - By FOX BUTTERFIELD NYT IN THE novel "Man's Fate," Andre Malraux depicted the brave but ultimately tragic uprising organised by a small group of idealistic young communists in Shanghai in the spring of 1927. Through a wave of strikes, they gained control of the sprawlingNYT - 814 words
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Article422 1979-07-04 7 IT must be the hunting season in reverse. Even before their attack on the Odeon is over. The Wild Geese Attack Again at the Rex. A MAJOR local shipping company sent us a covering letter for a press release, very politely asking for a little publicity422 words
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1117 1979-07-04 7 CHRISTOPHER LORENZ - CORPORATE PLANNING A FUNDAMENTAL question for company managements is how to control the future of their businesses, or how to find the planning system. But with the increasing pressures and uncertainties of today's business environment, there is much confusion over what planning is all1,117 words
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850 1979-07-04 7 NYT WHETHER or not American teams sweep the Pan American Games in San Juan, Puerto Rico, this coming week, the winter Olympic Games in February or the summer Olympics five months later, one participant already seems assured of something like victory LeviNYT - 850 words
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Article579 1979-07-04 7 Leonard Silk - FORD Mi ...with Leonard Silk NYT IS IT Armageddon we are facing or just a miserable year or two? The economic picture has taken a severe turn for the worse. The bad news began early this year with the revolution in Iran, which slashedNYT - 579 words
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Page 7 Advertisements
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Advertisement80 1979-07-04 7 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 easiness Times? Subscribe now. ii Cot oat and post80 words
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Advertisement239 1979-07-04 7 RETURNING OR RETIRING TO THE U.K.? FINANCIAL INTERESTS IN THE U.K.? Six Questions i Have you planned your return to Britain? > Do you know the U.K. tax concessions available to you? > Do you pay U.K. tax if you do, should you? i Have you planned to reduce your239 words
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Page 7 Miscellaneous
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Miscellaneous46 1979-07-04 7 I T fVk I«JP»S uaneN Nou t'Nfe 00EM PvSKiMG PNGOUND S° U ,_D 5° TuJ€jsiT Y *nd Tnev-SRv NOT F*r £S u^ 'ne/'Re JOST B€.IKG» *bi_> voo ftßt. fiptf* ?\JLI UPS OK Tmp»T iDoog 'eoe&sw ,9 w*) c oF srouT 2Q V. WRT Y IB vsji46 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article272 1979-07-04 8 JULY 02 Frs CORBEILLE Alr-Llqulde 420 2 B S N Gervals Danone 653 unch C S F (ThomsonCsf) 378 -15 CI* Francalse des Petroles 305 90 4.4 Compagnle Financier* Compagnle General* 353 -2.9 Credit Foncter De France 496 19 Hachett* < Llbralrie) 240 -10 Machines Bull 5780 unch Michelln272 words
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Article192 1979-07-04 8 JULY OS Francs Actions Sulsaes 292 unch Alusulsse Br 1240 -S Alusulsse Re® 440 .1 Brown Bo vert Br. 1(30 10 Clba Gelgy Br. 1280 15 Clba Oelgy P C 1025 10 Clba Oelgy Reg Ml -5 Credit Suisse Br 2205 5 Credit Suisse Ret 429 1 Elektrowatt Br192 words
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Article215 1979-07-04 8 JULY 02 Dm Aef-Telefunken 40.80 08 Akso 26-50 -0J All* Leben ISO 00 unch A1U Vers 442.00 -1 BASF 130 80 1.7 Bay H T Wbank 240 SOB Bay Vbank 258.00 1 Bayer 125 JO 05 but 254 80 BUW 18SOOB 2 Cassella 345.00 unch Chem Verw ***** -1215 words
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Article200 1979-07-04 8 JULY 02 FU abn ■Ml -05 Ahold 06 JO 0.7 Akm MM -0-3 amev 82 90xrl Amfts 100 50 05 Am rot Bank 66 40 -04 DtuW Berk 56 00 Mm -1.4 -0J mrntrn M JO 0.5 Bo rs umtj ***** 0i Burhm&nn 63.00 0.6 Bytnkorf L 7080 0J200 words
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Article91 1979-07-04 8 JULY 02 rr» FORWARD MARKET Acre 426 -4 Arbed 2006 -5 Astur _J 982 -20 Bmcin 616 -4 Bru-Lamb 1T70 20 Ctnpac too -18 483 uncti De Beers 2M e4 PKM 2180 5 Electrobel 6820 -90 Gb-Inno-Bm 2600 8 Gev 1232 12 Hobofc 2800 -46 Petro 4800 10 Rjfl91 words
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Article98 1979-07-04 8 JULY OS LIT* Anlr 32.75 1 Assoc Oen 43*730 -470 Rutnfl 740 -14 Centrmie rut 2401 -47 KiruKter 140 •4 Ocn Immob 00 -325 IFI Prl 2342 -77 Iialcemenil ***** -300 Iul(u 70S -4 llalslder 300 -5 Ma«neU M Pf 570 -21 Marclll Ere 200 Med lob ***** -40098 words
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Article1187 1979-07-04 8 NEW YORK CONTINUED concern about energy and the severity of any recession sent stock prices lower in quiet trading on Monday. Analysts noted the threat of a possible Libyan ban on oil exports underscores US vulnerability to actions by oil producing countries. The decline came despite Saudi Arabia's1,187 words
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Article318 1979-07-04 8 JULY 02 Rand INDUSTRIALS A Alpha 156 -5 Abercom 217 -8 AE And CI 435 -5 AMIC 1375 Barlows 596 unch Cg Sugar 620Bxd unch CNA 240 unch Currte Finance -1— ®7 J De Beers Ind 1825B unch Edcon 220 Edgars 4000 Everead* Fed Volk 198 -2 Fuflt llixd318 words
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Article180 1979-07-04 8 Reuter VEBA AG said it proposes creating authorised share capital of up to 280 million marks, for possible later addition to 1.40 billion marks basic paid-up capital. The company said shareholders at the annual meeting on August 23, will be asked to approve the new capital for issue,Reuter - 180 words
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Page 8 Advertisements
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Advertisement600 1979-07-04 8 See Page 4 for Asian stocks Where to wine, dine and entertain m itto \y Let DANNY KOH. our award-winning resident pianist and the TWO CHORDS entertain you as you relax in the rugged and adventurous atmosphere of African safari of the Treetops Bar. 4 Enjoy any two drinks during600 words
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BANKING AND FINANCE
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159 1979-07-04 9 THE Bank of China branch in Luxembourg now actively trades in Eurodeposits and is discussing a possible bilateral mark loan with some banks here, officials of the bank said. Bank manager Li Yu-min and deputy manager Fang Yin said that since operations started159 words
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Article97 1979-07-04 9 Reuter SWITZERLAND'S foreign exchange reserves rose 2.81 billion francs to 25.9 billion in the week ended June 29. the National Bank said. Dollars acquired through intervention on foreign exchange markets were partly offset by dollar outflows resulting from liqudiation of expired swaps with banks, the bankReuter - 97 words
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Article639 1979-07-04 9 COLIN CHEE - ASIAN MARKET By COLIN CHEE BOND managers must be disappointed with the turnout of issues in the Asian dollar market during the first half of this year which saw only three borrowers making an appearance. For those who had expected a stronger showing in view of the639 words
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MONEY AND EXCHANGES
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Article488 1979-07-04 9 Singapore market THE US dollar saw fairly quiet trading yesterday and closed firmer against major currencies. Against the yen, the US dollar started off at 218.00 10 and was pushed up slowly to reach 218.95 05 when the London exchange opened. But later trading saw some of488 words
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Article161 1979-07-04 9 THE US dollar for overnight delivery closed at 218.15 yen yesterday, down from a 218.50 opening but up from 217.75 at Monday's close, dealers said. Trading was light with volume $548 million. The dollar fluctuated between 218.00 and 218.25 yen in slow late trading after an initial rise following161 words
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Article198 1979-07-04 9 Asian rates ASIAN currency deposit interbank rates as at close on July 3: I'S DollaniSpot) Offer Bid 7 days 1 months 2 months 3 months 6 months 9 months 12 months 10 1 10*» 10 11/16 10 9/16 10 s 10 l 111/16 1015/16 10'. 10 1 10 > 10198 words
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Article54 1979-07-04 9 RANGE o( prices offered by discount houses on July 3: Overnight 4 s t f Call deposits 4 S Cloaiif Buyiof Selling 3 month Treasury bills 4 v l 4' 3 month Bank bills 711/16 7 9/16 3 month CD 7'« V* 6 month CD 75/16 7 3/16 Source:54 words
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Article66 1979-07-04 9 QUOTES on the Australian and New Zealand exchanges on July 3: US dollar 1.1220 1.1172 Sterling 0,5155 0.5093 Ninety-day air mail buying rates: Sterling 0.5377 US dollars 1.1587 Ninety-day forward buying rates: Sterling 0.5205 US dollars 1.1242 New Zealand: Reserve bank midrate: US dollars 1.0101 Trading bank indications: Sterling66 words
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Article21 1979-07-04 9 THE average rale at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.21 words
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Article235 1979-07-04 9 GOLD futures closed Marginally lower yesterday after fluctuating narrowly throughout in fairly moderate trading, dealers said. Turnover fell to 212 lots from 378 on Monday with interest centred on August. October and December contracts, they said. August closed slightly easier at U*****.40 80 an ounce against 285.00 40 on235 words
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Article112 1979-07-04 9 THE US dollar held steady in active late two-way trading yesterday, dealers said. Sterling was quoted at $2.1873/83, little changed from the $2.1870/90 opening, while the dollar firmed slightly to 1.8430/35 marks compared with the 1.8415/25 opening. The yen appreciated slightly to 218.10/20 to the US unit from the112 words
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Article287 1979-07-04 9 THE US dollar opened stronger yesterday as operators covered short overnight positions following its firmness against the mark in New York on Monday, dealers said. Trading was fairly active and in early business the dollar finned further without heavy Central Bank support, dealers said. It stood at an opening287 words
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Article97 1979-07-04 9 Reuter NEW hire purchase and other consumer credit granted in May totalled £624 million seasonally adjusted compared with 572 million in April, the Department of Trade said. The increase on the April figure reflected prebudget spending, especially on motor vehicles. Lending by grantors other than retailers totalledReuter - 97 words
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Article65 1979-07-04 9 THE United Overseas Bank Group yesterday opened its 46th branch in Singapore at Coronation Shopping Plaza to serve the central Bukit Timah district. A full range of banking services is provided by the branch, including computerised current accounts, computerised savings and coin-bank accounts, fixed deposits, gift cheques65 words
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Article74 1979-07-04 9 YIELD on French 12 month treasury bills rose to 10.04 per cent at Monday's tender from 9.64 per cent at the last tender for this period on June 15, money dealers said. The Bank of France, which had offered 1.2 billion francs of bills, supplied 1.28, billion74 words
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Article170 1979-07-04 9 Central banks check fall Reuter CENTRAL banks moved into busy foreign exchange markets on Monday morning to check dollar selling which started in Far East markets, dealers said. After success in braking the dollar fall, prompted by widespread dollar liquidation from banks and commercial operators, a technical reaction caused theReuter - 170 words
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Article147 1979-07-04 9 UPI VISITING Mexican Oil Corp vice president Ignacio de Leon yesterday signed an agreement to borrow a US$l25 million loan from a syndicate of 16 Japanese banks to help finance Mexico's oil development projects, Bank of Tokyo said. A spokesman for the bank said interest on the five-yearUPI - 147 words
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Article440 1979-07-04 9 Reuter THE West German government will launch a new federal loan of up to 1.5 billion marks on the domestic bond market, bond market sources said. The sources said the issue, details of which will be set by the Federal Loan Consortium when itReuter - 440 words
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Article796 1979-07-04 9 THE Japanese Ministry of Finance is an institution which plays a role larger than that normally arrogated to itself by most finance ministries. Here is an example of how policies may come and go, but the MoF will continue to maintain its own unique style ofEuromoney - 796 words
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Page 9 Advertisements
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Advertisement225 1979-07-04 9 Singapore's businessworfd at your fingertips... <? mmrn -wm m V ri Le if the Straits Times e most comprehensive i guide to the business s index and scene. I The Straits Times Directory of Singapore 1979 more popularly known as the 'Buku Merah', carries more than 27,000 entries covering over225 words
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DEALS DONE ON THE SES AND KLSE
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Article1211 1979-07-04 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "sett". Big Board deal1,211 words
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Article171 1979-07-04 10 4 1/2% 1/8/80 (250.000) (***** 99 008) 4 3/4* 15/9/80 (250.000) (99 858 99.755) 5 3/4* 1/8/78-80 (250.000) (100.758 100 85S) 5 1/2* 1/5/78-81 (250.000) (100.358 100 455) 5 3/4* 1/8/79-81 (250.000) (100 488 100.588) 6 1/4* 1/3/81 (250.000) (100 108 100.206) 6* 15/4/81 (250.000) (99.858 99.798) 6*171 words
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Article100 1979-07-04 10 Striking prices ot 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. CM Storage (Sept $1.85) (0.385). C C (Sept $2 35) (0.308 0.385) (totplMt (Sept100 words
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Article156 1979-07-04 10 SINGAPORE UNIT ntUR income bond POT (MaMfM* prim tee Ml) (Cvrnt prt eea) The Commerce The Saving Fund S pore Prog Fund S pore Sec. Fund S pore Invest Fund S pore Equity Fund Iff 1 29 OS 1.72 1 15 OS 208 1.37 .91 IS 1 22xd156 words
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Article2548 1979-07-04 10 Gr« Cr*a Net 1 1979 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C*vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Ac ma 224 -6 15.0 22 6.6 11.4 4 228 224 190* 123* Alcom 172 -3 10.0 15 5.8 22.92,548 words
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Article1580 1979-07-04 10 BID and otter prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded dun in brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS (2 SOB 2 7SS) Alf (1.775) Alex BaM (1 20B) A1,580 words
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Article104 1979-07-04 10 Wsrldwlde Hsidiags Bhd: AGM to be held at Room BI, Basement Floor, Bangunan Ingeniur, 60-62, Jalan 52/4, Petaling Jaya, at 11.00 a.m. on Jul 17. Hstel Graad Ceatral Ltd: AGM to be held at the Conference Room, Hotel Grand Central Building, 22, Cavenagh Road. Singapore, at II.30 am104 words
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Article, Illustration626 1979-07-04 10 EASIER caadltteas persisted la scattered trading at the Stack Exchange d Slagapare yesterday. Tke market appeared take very aervoas daring tke maraing session, altkaagk volume was still law. At tke ketgkt of tke selllag, leases raaged op ta 4 per ceat la extreme626 words
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623 1979-07-04 10 SOME bargain-hunting support lifted prices off their day's lowest levels on the Kuala Lumpur stock market yesterday. Prices, on balance, closed with marginal losses. Trading was still cautious as investors remained reluctant to deal in the absence of any encouraging development. Dealers said623 words
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COMPANY NEWS
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248 1979-07-04 11 ROXY Electric Industries (M), which positioned itself well in anticipation of the introduction of colour television transmission, was able to turn in better earnings for the half-year ending March 31, 1979. The electrical appliances company's pre-tax profit surged to M 52.01 million, up248 words
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1161 1979-07-04 11 CATHERINE ONG - By CATHERINE ONG GOLD COIN Ltd intends to make good use of the considerable knowledge of the feedmill business it possesses to expand and diversify its operations. This was revealed by its chairman, Mr John Curran, in an interview with Business Times. Consequently, the1,161 words
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423 1979-07-04 11 GOLD Coin (Malaysia) is bracing itself for a slowdown in earnings this year, judging from the lower profits and higher raw materials cost already reported in the first four months of the current year ending Dec. 31, 1979. Its chairman. Raja Tan Sri423 words
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Article531 1979-07-04 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Bolton 10%(b) Jun 5 Jun 15 Jul 3 10% 10% Taiping Text 10%TE(b) May 30 Jun 9 Jul 4 10% TE 5% TE Aokam Tin 10% I May 24 Jun 5 Jul531 words
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Article141 1979-07-04 11 Company Ex Date Books Close Mai Flour Bonus Issue of 1 for 2 Jun 27 Jul 9 Oriental Hldgs Bonus Issue of 8 for 5 Jul 4 Jul 16 Spore Glass Bonus Issue of 1 for 5 NYA NYA Yeo Hiap Seng Bonus Issue of 1 for 3141 words
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Article, Illustration474 1979-07-04 11 CHAN BONG SOO - THE BOITH' THAT WAS By CHAN BONG SOO WHAT «u galaed oa the Stock Exehaage af Siagapare la May was mare than wiped Nt last meat* by latermitteat boats sf selling. Going by the leadlag market Indicators, share valaes were pared afT fram 4 to 7 per474 words
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Article53 1979-07-04 11 HAW PAR Brothers International said it acquired 150,000 shares of Setron Ltd in the market at prices ranging between $2.34 and $2.37 a share. A breakdown of the purchases showed that Haw Par bought 30,000 shares at $2.34, 70,000 at $2.35; 20,000 at $2.36 and 30,000 shares53 words
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Article321 1979-07-04 11 HOCK LOCK SIEW WHAT Is happening at Saagei Besi Mines? The lustre of Its shares is still there evea though It to a well-known (act that Its tia we reserves will he exhausted la the aear fa tare. Only last year, the eampaay said that its HoagHOCK LOCK SIEW - 321 words
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Article87 1979-07-04 11 has awarded the contract for the construction of the basement and sub-structure of the hotel's extension to MS Chng Gim Huat (Pte) in which Mr Chng, a director fo the company, has a substantial interest. It said the change in contractors was taken as the original contractor,87 words
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Article16 1979-07-04 11 has changed its registered address to 3rd Floor, 5254 Leadenhall Street, London EC3A 248.16 words
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84 1979-07-04 11 has informed the SES that a fire broke out in its premises on July 1. SPPL said that from a preliminary survey, one intermediate storey was affected by the fire and the rest of the building remains substantially intact. The affected area is rented out84 words
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Article33 1979-07-04 11 announced the appointment of Mr Nicholas Theobald Sibley to the board of directors with Mr Adam Richard Fleming as his alternate, in place of Mr Peter John Manser who resigned.33 words
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Article24 1979-07-04 11 said that Mr Choi Siew Hong, the alternate director to Mr Tan Chin Tuan has been appointed a substantive director.24 words
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Article51 1979-07-04 11 US$25 mil- lion Guaranteed Notes due 1906 The Notes will be granted listing and quotation with effect from today, July 4. and dealings will be on a "ready" basis only. Quotation of the Notes will be expressed as a percentage of the principal value, excluding accrued51 words
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Article52 1979-07-04 11 said that one of the directors of its subsidairy, Genting Highlands Bhd, Mr Ibrahim bin Mohd declined to be reelected at its AGM and thus ceased to be a director of the company Mr Nik Hashim bin Nik Yusoff has been appointed a director of Gentings Highlands and52 words
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Article71 1979-07-04 11 said Mr Abdullah bin Ali will join the board of Inchcape Malaysia (Holdings) as chairman on July 9. Inchcape Malaysia (Holdings) is the holding company for the group's operations in Malaysia. Mr Abdullah, who recently retired from the post of Malaysian High Commissioner to the UK, has been71 words
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Article75 1979-07-04 11 said it has acquired 10 per cent of the paid-up capital of West Country Sdn Bhd, a company involved in rubber and oil palm estates and in the manufacture of sole crepe and SMR. The purchase of 1,131,000 shares each from the two vendors, Damai Transport and Manex75 words
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Article36 1979-07-04 11 has an- nounced that S.L. Realty, its wholly-owned subsidiary, is now known as Arcadia Gardens Pte Ltd. It said the authorised share capital of the company will be increased from $100,000 to $10 million.36 words
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Article81 1979-07-04 11 Reported group loss before taxation of MJ36.841 for the half year ended April 30, 1979. The corresponding loss for last year was $237,653. Revenue income for the group increased fom $1.7 million to $2 million. The company said that while the position of Kuala Lumpur Properties and81 words
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Page 11 Advertisements
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Advertisement153 1979-07-04 11 This announcement appears for the purposes of record only NEW ISSUE JUNE 1979 m JURONG CEMENT LIMITED Issue of 3,350,000 Ordinary Shares of Ssl.oo each at 551.25 per Share Managed and Underwritten by ARBUTHNOT LATHAM ASIA LIMITED Standard Chartered Merchant Bank Asia Lmited As*an-American Merchant Bank Ltd J Balas&Co Pte.153 words
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Article, Illustration622 1979-07-04 12 RAHIM KASSIM - By RAHIM KASSIM ASEAN foreign ministers yesterday discussed in seperate sessions various tactics to deal with the onslaught of Indochines refugees with their counterparts from Australia and New Zealand. The measures discussed were non-revolutionary. Australia and New Zealand strongly supported the views of their622 words
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165 1979-07-04 12 JAPANESE government leaders have decided to keep Japan's real economic growth target at about 6.3 per cent for the financial year ending next March, despite recent oil price increases, Trade and Industry Ministry officials said in Tokyo. A meeting chaired by Prime165 words
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Article64 1979-07-04 12 Reuter ASEAN countries have lifted their baa on providing first asylum to Vietnamese "boat people" on condition that the refugee resettlement programme is speeded °P> high ranking US officials said in Ball yesterday. The agreement came after the Asean foreign ministers held talks on the issueReuter - 64 words
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351 1979-07-04 12 TWO leading parliamentarians in Jakarta yesterday called on the government not to take half measures but to "have the courage" to raise its oil export price to the ceiling of U5523.50 (about 5551.70) a barrel as decided at the recent Opec meeting in351 words
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Article293 1979-07-04 12 Reuter AFP CARGO handling at all Australian ports ceases this morning when 10,000 Waterside Workers Federation (WWF) members begin an indefinite strike. The strike is to protest the standing down of 65 WWF jpembers at the Kwinana grain terminal near Fremantle, Western Australia, last week because of aReuter; AFP - 293 words
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347 1979-07-04 12 LAM MUN WAI - By LAM MUN WAI BRITISH Petroleum and Shell look set to join oil companies which have announced increases in the prices of liquefied petrols um gas (LPG). At the moment, BP's prices for domestic LPG is $12.50 for a 12.7-kilo cylinder and347 words
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263 1979-07-04 12 SINGAPORE Paper Products Ltd (SPPL) has resumed production at its Alexandra Road premises despite a fire on Sunday morning which damaged part of the five-storey building. Mr Leonard Cheng of SPPL said the firm is operating at 70 per cent of capacity although263 words
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61 1979-07-04 12 Reuter THE Canadian furniture industrial cooperation mission made trial purchases of Malaysian timber products amounting to MSI.2 million, the Malaysian Timber Industry Board bulletin said. The trade mission members had talks with local businessmen on possible joint-venture projects on furniture in kit formReuter - 61 words
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Article844 1979-07-04 12 LONDON, Tues. Gilt-edged securities closed firm but equities were off the day's highs after a quiet session, dealers said. At 3 p.m. the Financial Times index was up 6.9 at 482.0 after 482.9. The strength of sterling and hopes of a reduction in the Bank of England's minimum844 words
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747 1979-07-04 12 FOO CHOY PENG - By FOO CHOY PENG THERE will probably be more worker involvement in corporate decision-mak-ing at the plant level in the next decade of Singapore's development. This is a natural consequence of higher skills and qualifications, Mr Devan Nair, president of the747 words
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Article, Illustration54 1979-07-04 12 Mr &ng \ong, senior vice president of the Peoples Liberation Army of Chins inspecting guard of honour of the British Second Battalion Coldstream Guards with Chief of the Defence Staff and Marshal of the Royal Air Force, Sir Neil Cameron. Mr Yang Yong is heading a Chinese54 words
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Page 12 Advertisements
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Advertisement65 1979-07-04 12 Leader Page C r Now is the time to put your money where the money is. TAT LEE FINANCE Fixed Deposits up to Yd TAT LEE FINANCE LTD. fW-vtuuj Hu«- P r ?jfl*rßldq SporpOlOJ Vi i ***** S Imp*. i tfi Srtew Mo,iSP Wqit Spml'M U4 Re SmwllH V 14h'l65 words
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Page 12 Miscellaneous
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Miscellaneous63 1979-07-04 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Scatter showers in early morning. Report for 24 hoars prior to 7.31 p.m. on Julv 3 at the airport. Maximum temperature 316 Associated humidity 66 Minimum temperature 24.8 Associated humidity 92 Hours of sunshine 8.45 Rainfall in millimetres ."..Trace Total63 words
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SHIPPING TIMES
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PORTSIDES
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Article117 1979-07-04 13 THE first of a new class of "straight" offshore supply vessels built for Stirling Shipping of Glasgow, Stirling Skua, berthed in Aberdeen recently for inspection by prospective charterers. The vessel is the first of four new 61.1 m long, 821 grt ships which Stirling is added to117 words
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Article73 1979-07-04 13 Reuter THE Australia northbound shipping conference said it raised its Australia to Japan and Korea bunker surcharge to 7.69 per cent from 6.50 per cent Sunday. The Australia to Philippines, Hongkong and Taiwan surcharge was raised to 12.39 per cent from 11.89 per cent. The Australia/eastern USAReuter - 73 words
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Article66 1979-07-04 13 RCA Global Communications, Inc. and United Press International are now offering daily press bulletin service to ships at sea via error-protect-ed radio telex. The press bulletins may be received by ships' teleprinters in a form that does not have to be decoded or rewritten. The news report66 words
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Article, Illustration522 1979-07-04 13 GOH ENG KEE - INTRA-ASEAN SERVICE PLANNED Bv GOH ENG KEE SINGAPORE shipowner, Pacific International Lines (PIL) and the Philippine International Shipping Corporation (PISC) are considering starting a new joint intra-Asean shipping service by the end of this year. The proposed service, which is likely to be largely522 words
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Article136 1979-07-04 13 UPI INDIAN gtverameat charterers gave the single voyage sector feature by taking fear dl-am-monlnm phssphatc leaders from US Golf to India at tally steady levels. The vessels concerned varied In size (rem \IJMS,M tonnes and were all fixed In early-mid inly positions. Other single voyage fixing InclndedUPI - 136 words
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307 1979-07-04 13 THE United Nations Conference on Trade and Development is to press ahead with its controversial plans for a major shake-up in marine insurance following a toplevel meeting at the organisation's Geneva headquarters. A 48-member working group on international shipping legislation has decided to start307 words
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1954 1979-07-04 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of1,954 words
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Article497 1979-07-04 17 Skippiag Lite Page DM ACS n 5 Afea IV 3 Alpac IV 5 Angkutan V 2 ANL I 1 APL m 2 Arya Nat n 5 ASCL m 5 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben Asia m 3 Ben m 3 Ben Ocean m 1497 words
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Article949 1979-07-04 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL J 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 during949 words
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Article, Illustration279 1979-07-04 18 SEMBAWANG Engineering recently completed the design aad construction of 112-man ueemmedttiea unit destined for the Amp* Field, offshore Brunei, for Messrs Brunei Shell Petrolesm Company Limited. The fully nlr-eoadltloaed unit is s three-floor structure measuring SI m x 21.3 m z ILi m high and weighs approximately M279 words
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Article, Illustration1114 1979-07-04 18 Fairplay "LAYTIME The time allowed a voyage-charter for a ship's cargo operations" The above statement appears plain and staightforward, and indeed it is until differing opinions are adopted over the interpretation of laytime clauses in a Charter-party when compared with information as contained inFairplay - 1,114 words
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Article303 1979-07-04 18 THE EUROPEAN Commission has begun moves to overhaul the activities of shipping conferences. Under the terms of a draft regulation that could reach the Council of Ministers by the end of the year, restrictions would be imposed on pricing policies of the conferences. Their loyalty303 words
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Article, Illustration412 1979-07-04 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aktyubinsk (Tanker) (0600 after Dove P/O, subject gas free) 15/16 Bunga Seta war (1300) 19 Cotnari (after Fairstar) 45 Garuda GGA 1316 (after Chicago Maru) 46 Lilac Star (0530 subject free board) 26 Nedlloyd Forcados (0530 after Nedlloyd Nagasaki) 3/4 Ocean Harmonia412 words
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Page 13 Advertisements
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Advertisement494 1979-07-04 13 l:\crctt Lines TNI MOST FIIQUCNT SAILINGS TO lANQKOK NON6KONC JAPAN PUIAN Evwatt ItMiniNp Corpn. t/A V«Oooo»# T* 36 «Wo am J6 101 OCiC BMv T«* ***** J M Trf *7?2T <w IA RI) I\ I AN I AH Orient Overseas Co*dcu*teA Line FULLY CONTAKRBED SOVICE TO EUWPE (VIA SUEZ) r494 words
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Advertisement289 1979-07-04 13 m si SEALORD ANTAH UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity. Long Length Capability. 'ARABIAN GULF WEEKLY SERVICE* Vessel S pore Loading for 8/7 Dubai (23/7). Kuwait (25/7). Shuaifca (29/7). Doha (2/8) Damman (25/8) 18/7 Dubai (30/7). Dammam 1/8). Kuwait289 words
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Advertisement259 1979-07-04 13 NEPTUNE ORIENT UNES LTD MERCATOB 0 CHtF SS MDGf C COKTA*R CORAL CNU m CONTAKR S pore CJow* Ta Ht«rt R'Mi F ttoa* I 72 My 23 Mr 25 My *My 4A* 3Ax 4A* 5 Aa| 7Ax lAx 9Ax 16 Aa( 21 A«| 21 A* 22 Ami 73 A* 30259 words
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Advertisement459 1979-07-04 13 Agents SINGAPORE SHIPPING AGENCIESPTt LTD MARKETING *****? GENERAL *****1 A M s.d E UHO ASIA LINE SON BHO I KL *****7. P KLANG *****1/3 PENfcNG647BI, 2 »/7 5/1 12/1 30/7 u/« 6/ i i x/i n 13 I 14/1 11/ l 11/1 25/1 21/1 1/1 2/1 1 11 9 S«p«iore459 words
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Page 14 Advertisements
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Advertisement744 1979-07-04 14 FULLY CONTMOUSED TO EUROPE EktMar* Oufcaßaj L>tsr*Mlßar Idif» Bay Cardfcan Bay Tatol Eiprtu EXPRESS CONVENTIONAL TO EUROPE S port PJIMmi Pm Bfeat Gmm HTwrj Qmm Uaa Mn Mwtfcttn 17/7 19/7 18/8 10/8 25/8 19/8 21/8 23/8 ItpKtoi 21/7 23/7 8/8 2/8 19/8 17/8 14/8 12/8 FUUY CONTAMEMSED TO GENOA/TMESTE TW744 words
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Advertisement397 1979-07-04 14 Mr 15/11 Mr 19 Mr 19/ a Mr a/a Mr 23/24 Mr 77 Mr M/2S Mr a Mr 21/31 *1 J IJ M tea XX rnr? a Sm2s Ml Ml lOd (IBS) 54/7 1 11-21/7 23-24/71 «-7/| 21-22/7 23-25/7 11/9 1/1 13/9 IV9 3/9 IV9 »/9 19/9 3/9 a/9 IBtOSEF"397 words
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Advertisement579 1979-07-04 14 (0 EVERGREEN LINE FAR FAST FUROPF FXPRFSS FUII CONTAINFR SFRVICF ACCEPTMG CARGO FOR: HAMBURG. FEUXSTOM. ROTTERDAM. ANTWERP. LE HAVRE ALSO ACCEPTMG CARGO FOR: UWTED KMGOOM SOUTHAMPTON. IONOON. MANCHESTER. BtRMMGHAM. BRISTOL. LIVERPOOL GLASGOW. LEEDS WEST GERMANY HOLLANO AMSTERDAM 13 k* 14 ta| FUROPF FAR FAST FXPRFSS FUIL CONTAINFR SFRVICF Eiv l»)if579 words
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Advertisement765 1979-07-04 14 1 Everett Lines Burma Frvt Star Shippini Corpn. "BURMESE NATIONAL LINE" LOAMNG FOR RANGOON ..mi 303/5 My 0/7 My B.F.S S.C. Ag*att in Motoyvo TEPS MALAYSIA I Kalong Td (38>-7355 Penong Tel *****/***** LOAOM6 FOR DURBAN, CAPCTONN, BUENOS AMES s>m PATAGONA MtCOTW 30/31 My CtS Transportadon Maritima Maxicana S. A.765 words
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Advertisement660 1979-07-04 14 "EIO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHENTON WAY MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 31 SANKYO LINE AUSTRALIA SERVICE MAYSXY OUMMDSTM. tie ma— P. Ketang «/9My 15/17 My 23/25 Mr 5/7 My 18/20 My 20/22 My SVD FREH NOEL, MEL. SVD660 words
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Page 15 Advertisements
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Advertisement778 1979-07-04 15 If I Overseas B B B 1 Containers Limited Weekly service to/from UK/Europe To UK/Continent Vpn MMv □b* Mara 4M Ouka Bay J M Lnarpoal Bay lIM 13 M BonaMar IIM 20 M Han*»| Eiprcu 2f M 27 M Bcnaran 4 A* 5 A* Tokra Bay 12 A* 13 A*778 words
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Advertisement933 1979-07-04 15 granard line WEST BOUND-FAR EAST/MEDITERRAfCAN S'pn t JMpg Ponang Ua*g tar N— MM MM/PSM MV MM RMS 17m— 30 M MV MM KM 129H 17 Itag MV.KMOMSnSBH.3M. 31 Aug Ml VESSELS ACCEPT* CONTAOO CARGO MM/P SaM/Alexandria/ Beirutylattalua/Pireaus/ f SaM/AteiaiMna/ Be*ut/Lattatua/ fVe*s Jeddah/P SaM/ Bervt/Lattatua EAST BOUD-MEDITERRAfEAN/FAII EAST MV MM TAT933 words
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Advertisement592 1979-07-04 15 s BEN LINE CONTAINERS EXPRESS CONTMO SWO TO/FROM EUROPE SaM l*i SM IM bM 11/7 13/7 HK. TUMI SaM UM W UM 17/7 11/7 TWN fW.NI SM w w s*4 4/7 a/7 m. vm ViM SaM bM 4/7 7/7 25/7 JPN .BU J/7 4/7 1/7 1/7 U/7 »/7 Jl/7 TW592 words
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Advertisement290 1979-07-04 15 T" Scan Dutch 9 r/i 4 i :< vi nrA j *1 Vi >: "i*-n >:u i\>m fiv .fi: 1 >11: n—rr— rriS EASTEOUND FROM MED I) C kar| 2) Hto| I) In* 4) tdaa S) laH V 1) Mm. Ml* (Mi. HMO 2) total 1) taw L 4) taw»290 words
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Advertisement665 1979-07-04 15 BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD. LVKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, Galveston) LOUSE LVKES (tea*) ELIZABETH LYKES (bads). P KeUni Kuantan US GMf 3 Sep 21/23 M 2S Auj r| U.S. WEST COAST SERVICE (HonoUu, San Francisco, Portland, Vancouver 8.C., Seattle) ASHLEY LYKES665 words
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Page 16 Advertisements
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Advertisement929 1979-07-04 16 I> Kline KAWASAKI KISEN KAISHA. LTD. TO EUROPE P Ketong I Havre fTdam 3 Aug 4 Aug 8 Aug 9 Aug 11 Aug 7 Au{ 8 Aug 13 Aug 14 Aug 16 Aug (Keeping cargoes I* ScminiM Itaatef) FROM EUROPE TO PAR EAST VnMb at HWg. Imn. R'dam. k'wmf and929 words
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Advertisement611 1979-07-04 16 m U.S.A./EAST CANADA SERVICE E.C./CREAT LAKES SERVICE l(MOM FOR m TOM. NORFOU. MOMTW* TOROMTO "WHM TEJ" (Cab CMcaft) n/» Mr a/21** a/a Mr 11/ a Mr IV1» IVI7 Ml CALIFORNIA/PACIFIC NORTH WEST SERVICE "S O MGAUYC "S.O IKWtt" MM FAANCBCO. SEATTLE. TACOMA. WNCOWER. LC u"/i2Mr IJ/UMr *is7i«Mr Vm?" 1/2 1/4611 words
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Advertisement390 1979-07-04 16 r H S (.roup SINGAPORE SHIPPING AGENCIES PTE LTD .'P'M H.CKJN OC t A N Hu'tD'NU SINGAPOHI 1 VAB*HiNG n.,' ,j t INt Si GtM«A. 91 1* I 'Ml Si Ttlti MS .MS9', MS 2SSb« A H CARSMIP < ABt CABGOSmP W SISdAPORt: ISLASDS USE U' JJwin MIDDl.t' EAST RtIiL'LAR390 words
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Advertisement725 1979-07-04 16 '-•-1 .MALAYSIAN INT[*NATIONAI SUPPING CO*PO*ATION BfKHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM ME D/UK/C ONTINENT/ SC ANDINA VIA 1) Atotmo StacUnM (Mo. IMMi. 2) C optimum Aartoa. 3) Bremen. 4) Antwerp Amsterdam UK. 5) Ink BorOeau Atoo accept*, iMiriMtiU carjo to Honfkon, I tap** EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T, Mw725 words
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Advertisement728 1979-07-04 16 INTRASEA (PTE) LTD F ,ihPf House 234E Orchard Road Smqaporp 9 Telephone 2352^11'*****b7 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE RATNAMAMOMMA N842 EVMAR NB4S S port P. Ketang Penang Loatfng tar 7 M 10 M Avon (UK) Boulogne/ 22 M 24 M Boulogne/Rdm A«en(UK) MIMSEA (PTE) LTD *****11 BOOKMG *****57728 words
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Page 17 Advertisements
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Advertisement220 1979-07-04 17 EGYPTIAN INTERNATIONAL LINE (EILI EGYPTIAN FLAG FAST AND DMECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT KEL PDMMG PT SAD ALEXANKM PYR AMDS U My 15 Mi U My 21 My 2$ ta|2 Aug 14 ta| 19 MARTRAMS CARGO PLEASE CONTACT SCHENKER WMOARORE TEL *****11 E I GENERAL220 words
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Advertisement296 1979-07-04 17 f£ar igjkd PERSIAN GULF SERVICE ETA HO LOAOMG FOR; BAO&ON6 V.WN b Part 5M IMca</D*ai/Abi Bab/ hM/M EASTERN EJPtESS V.9tR(TK).. II M 19 M RANGOON/CWTTAGONG/CHALNA SERVICE ILV. FIVE BIAIDS TAMER SERVICE TO AUSTRALIA LOAMKFOR: lyimy /Ml* i iw Adatarte Gutfeast Shipping Pte Ltd Suite 704/706. Ocean Buikhng. Coiyer Quay. Singapore296 words
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Advertisement348 1979-07-04 17 lIAN SOCN SHIPPING TRADING CO 'PTE' LTD >.*c» sjikO *so» «c«: moi:: t :»«if k »wh»d ru rm woks Ml "SELMMT MIW IJ-7-7J 11-7-19 MURTI 11 Qflr Hflff S-7-71 mmn at -oar nmt V7-n 7-7» i*w UK ~CTM W HI "SK HON ai-uMM ai -tot ur rati S-7-71 m ran348 words
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Advertisement209 1979-07-04 17 CrtNA OCEAN SHIPPING COMR^NY UKC SERVICE P KELANG PtNANG lOADMG FOR Tw km 25/27 My Rotterdam/Hamburg Dm ft* 27/29 My London/Antwerp/ Rotterdam/Hamburg •Mb in 25/28 Aug Rotterdam/Hamburg tang 2S/2C Sap* Rotterdam/Hamburg MEDITERRANEAN SEA SERVICE fm Quan 20/22 My BarcHona/Marseides/Genoa Ac cap tag c«UMn AGENTS CHUNG CHIAO SHIPPING SDN BHD PORT209 words
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Advertisement286 1979-07-04 17 CELTIC BULK CARRIERS Regular Bulk For Timbor A Plywood S#«f P. Kdmt Ludfaif tar: FLORA N (WOT 2) 0/7 11/7 NANTES HOLLANO OUSH COM (WY 3) 21/7 30/7 NANTES. HOL. Tl. LPOOL ANT CELTIC (VOY 4) 15/1 17/« HOI. Tl. I POOL. ANT Genet H Afcots Marathon Urttd Apncy Pt*286 words
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