The Business Times, 5 July 1979

Microfilm: NL10250
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 146/1/79 THURSDAY, JULY 5,1979 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Petronas aid sought
      56 1 KUALA LUMPUR, Wed. A Ministry of Trade and Industry source said today three oil companies had sought Government assistance to secure additional oil supplies. The three companies he said, are receiving lower supplies from their West Asian sources and had suggested to the Government that Petronas, the
      56 words
    • Article
      Lock icon Oil spiral
      73 1 Reuter PARIS, Wed. Oil consumption in five major Western European countries rose by 3.3 per cent in the first four months of this year compared with the same period of 1978. The Organisation for Economic Cooperation and Development (OECD), in its monthly report, said the countries concerned were
      Reuter  -  73 words
    • Article
      Lock icon Rithauddeen visit
      74 1 AP. JAKARTA, Wed. Malaysian Foreign Minister Ahmad Rithauddeen will visit Jakarta on July 9 to discuss bilateral arrangements for the handling of Indochinese refugees in their respective waters, Indonesian Foreign Minister Mochtar Kusumaatmadja said. It is necessary and important that the two Asean member countries maintain close cooperation
      AP.  -  74 words
    • Article
      Lock icon China's thermal plants
      56 1 Reuter. HONGKONG, Wed. China is building two big thermal power stations with a total generating capacity of one million kilowatts in its northeastern province of Heilongjiang, the New China News Agency reported today. When completed the stations will ease the pressure on coal industries and make more
      Reuter.  -  56 words
    • Article
      Lock icon PAL's Canton run
      72 1 Reuter. MANILA, Wed. Philippines Airlines (PAL) expects to begin South-east Asia's first direct flights to Canton and Peking on August 1 after Mrs Imelda Marcos, wife of President Marcos signs a new air agreement in China, a PAL spokesman said today. The flights, postponed from the original
      Reuter.  -  72 words
    • Article
      Lock icon Oil subsidy doubled
      54 1 AFP. JAKARTA, Wed. The Indonesian government today decided to double its subsidy for domestic oil consumption to 400 billion rupiahs (*****.5 billion). The amount represents nearly half of the state's revenue from oil exports. Indonesia has planned to export a total of 560 million barrels of crude
      AFP.  -  54 words
    • Article
      MAS DC-10 flights
      55 1 KUALA LUMPUR, Wed. Malaysian Airline System (MAS) will resume its DC-10 services from tomorrow with the first flight leaving for London. The London flight will leave Kuala Lumpur at 11 p.m. DC-10 services to Australia (MelbourneSydney) will resume on Saturday (departure time 9 p.m.) while those to
      55 words
  • Article
    Chief Price Changes
    131 1 Rises Indices O C B C 675 20 Jul 3 Jul 4 High A Low 410 12 B.T.Index: Sin Chew 390 12 2159.96 2211.21 M Banking *620 10 Industrials: 372.32 374.33 FIN 550 10 Finance. 666.39 671.66 Gentings 350 +10 Hotels: 281.29 280.31 Spore Glass K L
    131 words
  • Article, Illustration
    KUALA LUMPUR
    156 1 Rises Indices Sg Besi 1130 30 Jul 3 Jul 4 Pac Dev 310 25 B.T. Index: 3159.49 3226.92 Consplant Wrts 550 20 Industrials: 398.89 401.83 r and N 555 20 Finance: 593.77 598.22 OCBC 675 15 Hotels: 257.09 257.21 G Rope] 291 12 Properties: 229.40 231.27 U A
    156 words
  • Article
    Finger of blame is on Vietnam
    673 1  -  ASEAN MEETING'S SUCCESS By JOHN LIM THE Bali conference has succeeded in shifting the finger of blame from Asean to the source of the refugee problem, Vietnam. With this consensus among those who attended the Asean foreign ministers meeting in Bali, Foreign Minister, S.
    673 words
  • Article
    POSB deposits rise moderately
    206 1 GROWTH of deposits with the Post Office Savings Bank (POSB) continued to be moderate for the third month running in May. Deposits of non-hank customers with banks increased. The monthly statistical bulletin of the Monetary Authority of Singapore shows that nonbank deposits with banks, including local
    206 words
  • Article
    Lock icon EEC cuts food aid
    244 1 Agencies THE European Economic Community yesterday officially decided to suspend all direct food aid to Vietnam and gradually divert it to Vietnamese refugees. A European Economic Commission spokesman said the nine-nation community had granted Vietnam food aid worth US$7O million this year. The spokesman said aid
    Agencies  -  244 words
  • Article
    Save energy call finds slow response
    605 1  -  By HSUNG BEE HWA INDUSTRIAL firms can expect to save 26 per cent in costs if they take energy conservation measures, latest statistics from the Public Utilities Board (PUB) show. But this message does not seem to gained many converts in the industrial sector,
    605 words
  • Article
    SMA and trade ministry discuss wage policy
    266 1 THE Singapore Mualwturrrs' Association yesterday morning held a twohour closed door meeting with officials from the Ministry of Trade and Industry to discass proposals to cashloa the impact of the high wage policy ob loeal Industries. The SMA, led hy Its chairman Michael
    266 words
  • Article
    American accusations puzzle TV makers
    422 1  -  By FOO CHOY PENG SINGAPORE colour television set manufacturers who export to the United States are puzzled by the latest accusations against them as they feel their exports are too insignificant in amount to be bothering US producers. In a report, the Committee to Preserve
    422 words
  • Article
    FUKUDA'S VISIT
    45 1 FORMER Japanese Prime Minister Takeo Fukuda arrived in Singapore last night for a one-day private visit. He will be holding talks with Prime Minister Lee Kuan Yew and will pay a courtesy call on President Sheares today. He leaves for Jakarta this evening.
    45 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      11 1 <MUNSMGWE4Ri USA. flrond slam SHIRTS Ttia great name in GotTwaar. Anywaar.
      11 words
    • Advertisement
      Page 1 Advertisements Column 2
      247 1 <0? McCarthy Information Sen ices (UK) invite the Singapore business community to subscribe to the UK-based McCarthy Information Services at the same price as British subscribers receive these weekly services in the United Kingdom This has been made possible because the services are ai/-freighted to Singapore in bulk and distributed
      247 words
    • Advertisement
      Page 1 Advertisements Column 3
      70 1 (`_'*,%?:}['|>*_-@(|@%\>%{|*$|@ SHIPPING TIMES TOKYO bearing maker shifts to 5ingap0re.................. 2 OIL price rise wiii slow growth of poor nati0n5...................... 5 STOCK market rep0rt............... II WHY Hytex is still in the black. 11 HOCK Lock Slew analyses Sembawang 5hipyard...................... 11 OUE eyes Adelphl management contract 12 CHARTERED Bank plans $125 million
      70 words
    • Advertisement
      Page 1 Advertisements Column 4
      41 1 $'["/`~}>}>)_];!]/+/]=**`^]+$)& 4 Am ericaya Mrvn ovur.A Drtnr TOKYO SINGAPORE Araericaya Premier Ground Floor Plaza Singapura Orchard Road. Singapore 9. Tel: *****2 Americaya Orchard G 1-2, Ground Floor Lucky Plaza. Orchard Road. Singapore 9. Tel: *****53 p >1 < ,i m K H rrnrrsij
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  • TRADE AND INDUSTRY
    • Article
      Move wood-based industries to Sabah call
      670 2  -  By JOHN LIM SABAH'S Chief Minister has called on developed countries such as Japan to transfer their intermediate-tech-nology wood-based industries to timber producing areas such as Sabah. Datuk Harris Mohd Salleh said in a situation where average wage levels have become comparatively high in
      670 words
    • Article
      A concrete plan to expand Picon International
      305 2 AN AUSTRALIAN multinational company which supplies pre-mixed concrete plans to expand its newlyacquired concrete batching plant in Jurong later this year. The pre-mixed concrete factory. Alpha Industries, was bought recently from Intraco by Picon International. a wholly-owned subsidiary of Australian multinational, Pioneer Concrete
      305 words
    • Article
      Tokyo bearings maker shifts to Singapore
      601 2  -  By WANG LOOK KEAH HITACHI Powdered Metals of Japan is transferring the bulk of its domestic production of self-lubricating bearings and mechanical parts to Singapore. The plant here is to be run by the company's only offshore wholly owned subsidiary, Hitachi Powdered Metals. Singapore
      601 words
    • Article
      Amex card for China, Japan?
      99 2 THE entry of the American Express card into Japan and China was discussed at a four-day meeting here by American Express Company's top marketing men from the Asia-Pacific region. The meeting, which included senior executives from Ogilvy and Mather, American Express' advertising agents in Asia,
      99 words
    • Article
      Milus agency
      26 2 GUTHRIE Trading has been appointed the sole agent for Milus watches by Montres Milus of Switzerland. The agency covers Singapore, Malaysia, Brunei and Indonesia.
      26 words
    • Article
      Readership survey
      282 2 FIELD work for a readership survey in eight Asian cities commissioned by Newsweek, Time and Reader's Digest has been completed. The $400,000 survey was conducted by the Survey Research (SR) group of companies which picked a representative sample of 750 men, aged 25 and above, in each city
      282 words
    • Article
      Postal Services enters a new era
      276 2 LAST year the Postal Services Department increased its surplus by 11.7 per cent to $28.1 million over 1977 and instituted new and improved services. The International Express Delivery Service was extended to nine more countries last year from two previously and an air parcel
      276 words
    • Article
      Noise control
      59 2 A 10-LECTURE course on "Principles of Noise and Vibration Control" conducted by he University of Singapore's Department of Extramural Studies will start today at Kent Ridge Campus The lecturer is Dr Raymond B.W. Heng from the Faculty of Engineering, University of Singapore. Lectures are held every Thursday from
      59 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      211 2 HOLIDAY Inn has appointed Mrs SkaikJu Hindi as reservations supervisor. Mrs Hussein, who has worked in various positions in hotel's front office for five years, will be responsible for supervising the reservations department and preparing the monthly statistical report. Holiday Inn also appointed Mr Gerard Tu as
      211 words
    • Article, Illustration
      LAYING CABLES UNDER THE SEA
      571 2 COMEX Services (Singapore will produce a new type of undersea cable-bury-ing machine here soon to service the regional market. This is only the second time that such a machine is being produced worldwide. The first, developed by Comex Services in Europe, became operational late last
      571 words
    • Article
      MEMO PAD
      361 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 and
      361 words
  • Page 2 Advertisements
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  • REGIONAL
    • Article
      KL professionals call for steps to lure investment
      1002 3 PROFESSIONAL organisations in Malaysia this week called for the introduction of various measures to attract investment into the country, increase individual incentive, and improve the efficiency of public bodies. "•The Malaysian Association of Certified Public Accountants, the Medical the Bar Council, and
      1,002 words
    • Article
      FIRST STEP TOWARDS INDUSTRY PACKAGE
      388 3 THE PROPOSED industry sharing package (ISP) has been finalised as a step towards realising the concept of an Asean Economic Community (AEC). It will consolidate regional industrial development activities and gain for the AEC a better position in the international market. The package, announced by
      388 words
    • Article
      Lock icon Institute forecasts $220m deficit for Taiwan
      276 3 Reuter TAIWAN will recerd a trade deficit this year far the first time slaee 1175 iTttlllag US$l99 million (Ss22* million) ewlag to a declining expert perfermaaee faelled by slngglsh world economic growth ud petreleam supplies, the private Talwaa Institote at Economic Research forecasts. Taiwan
      Reuter  -  276 words
    • Article
      Call for more frequent contacts
      605 3 GREATER and more frequent contacts and interaction among the Asean governments and private se(«tors would help accelerate the pace of the development of the Asean Economic Community, the AseanJapanese businessmen's meeting in Kuala Lumpur was told. Despite the stages of economic development in each Asean
      605 words
    • Article
      Lock icon China can't use formula
      513 3 AFP THE DEVELOPMENT strategy that proved so successful for Taiwan may not work for China because of the various problems involved in capital formation, the foreign exchange gap, and the utilistion and development of human resources. This is the view of Mr Li Kuo- Ting, Taiwan's
      AFP  -  513 words
    • Article, Illustration
      A SAFE WAY TO LOAD
      95 3 A SUBMERSIBLE pomp far safe leading ef flammable fuels aad chemicals frem aadergrenad tanks has beea designed by aa AaatraUaa eempaay, Fraaklla Electric. The pamp offers capacities of op to 1,299 litres a minute. It should meet the requirements of large nnder- ground fuel storage
      95 words
    • Article
      Lock icon Ohira moves to cope with oil prices
      443 3 UPI JAPANESE Prime Minister Masayoshi Ohira plans to lay equal stress on economic growth and price stability in coping with skyrocketing oil prices, but the Bank of Japan favours prompt credit-fighting measures to check inflation. Japanese newspapers said yesterday. The reports quoted Bank
      UPI  -  443 words
    • Article
      Lock icon Current account deficit likely
      251 3 Reuter. JAPAN will probably have a current account deficit in fiscal 1979 ending next March, compared with a U5512.03 billion (Ss26 billion) surplus in fiscal 1978 and the Government target of a $7.50 billion surplus, Finance Minister Ippei Kaneko said. He said Japan had a $1.06
      Reuter.  -  251 words
    • Article
      Lock icon Raising garment exports
      59 3 AP THE Indonesian government has intensified efforts to raise garment exports to a value of US$3OO million (Ss66o million) annually, against only $13.6 million so far. The state-owned textile company Pt. Industri Sandand has been exploring the export of garments to the United States, Europe, Australia, New
      AP  -  59 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      157 3 Siii!_>k iniii( la ll\ (lc\<>ta 11( >v< nir i liiiiiiu; )kiisuiv Tlil Mnivol'olo. Hie 1 vsl lvslaunml iiiSiiiLsij>onu Hi H,. 31 S M "S K v"r "4.,. *I > 2S <#❖ The Marco Polo Restaurant is an elegant, exclusive restaurant styled after the Peninsula Group's famous Gaddi's in Hong Kong.
      157 words
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  • RAW MATERIALS
    • Article
      ITC to recommend higher tin prices?
      272 4 HIGHER prices in the International Tin Agreement are to be recommended by the International Tin Council's (ITC's) economic and price review panel, it is reliably learned in London. The extent of the rises is not known. The panel meets every six months to examine
      272 words
    • Article
      Synthetic rubber output up 3.1 pc
      160 4 THE non-communist world's synthetic rubber production rose 3.1 per cent in 1978 to 5.83 million tonnes from 5.66 million in 1977, the Houston, Texas-based International Institute of Synthetic Rubber Producers Inc said. Latin American production rose to 311.000 tonnes from 283,000 tonnes, production in
      160 words
    • Article
      Produce exchange
      201 4 PEPPER prices firmed on light buying support from Europe in a generally quiet and featureless Singapore produce market yesterday. Black pepper in particular was in good demand. Some business was reported, mainly for nearby shipments. According to the Singapore Chinese Produce Exchange, black pepper grades were marked up
      201 words
    • Article
      Hongkong Comex
      185 4 THE sugar market closed firmer in thin trading yesterday, with no trades registered as on Tuesday, dealers said. September closed at US 8.85/90 cents against Tuesday's 8.75/80 close, October at 9.15/20 against 9.05/10 and July at 10.55/60 against 10.35/40 cents. Tatel Sales: Nil (prev same Cotton trading continued
      185 words
    • Article
      Palm oil
      66 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated LONDON: Malaysian 5*>ffa bulk per tonne TMI PrevtMt 672slr Sept 679slr Sumatra 5H ffa bulk July unch 680 685pd Aug 690pd 680pd Sept 685pd 685slr Oct 685pd 685s lr Nigeria 5* ffa bulk stg unq unq
      66 words
    • Article
      Textiles
      198 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: I In HK dollars, spot ex-godown) CattM ymrw: China Blue Phoenix 20s 2.300 32s 2.810 40s 3.020 (per bale ol 400 lbs) Pteee guts: China Butterfly and Globe brand unq. Dragon Head unq; Five Lambs unq. Flower and
      198 words
    • Article
      Rice
      337 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first clan (Kangaroo) new crop 0 96. 100 per cent second class 0 85. 100 per cent third class 0 80, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN A-super
      337 words
    • Article
      Soybean
      98 4 SOYBEAN futures closed US 6-1/2 to 15 cents a bushel higher on Tuesday after being boosted by commercial support. Traders said commercials were both outright and crush buyers most of the session, with local and commission house buying lending support near the finish. Commission house bearspreading earlier kept nearbys
      98 words
    • Article
      RUBBER
      234 4 THE rubber market in Singapore closed slightly higher yesterday with July One RSS buyers quoted at 291.50 cents per kilo, up 4.50 cents from Tuesday's close, dealers said. Morning prices weremarked up about two cents on covering demand, speculative and upcountry buying and forward demand, they said. Afternoon values
      234 words
    • Article
      RAS PRICES
      453 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 291 00 292 00N 294 00 295 OON Int 1 R.S.S. July 288 00 289 00 291 50 292 50 Int. 1 R.S.S. August
      453 words
    • Article
      SSR and SMR
      133 4 NOON SSR and SMR pnca a vaaterdav RAS Jaly Aanat (Cat real Mtki (Forward Mtk) SSR 20 Bayer* Sellera Buyer® Sellers II Ion palled 279 OON 281 OON 280 00 282 00N SSR 50 <1 la* pallet! ***** *****N 277 00 279 OON MRELB SMR CV a
      133 words
    • Article
      Straits tin
      87 4 THE Straits tin price in Penang firmed Ms2s per pical to $1,995 yesterday, to stand $295 above the International Tin Agreement eelling, dealers said. With sterling con tinning to strengthen against the Malaysian dollar, valnes firmed on strong buying support, particularly from Japan, the US and locally. The
      87 words
    • Article
      Closing prices
      30 4 Rubber July 4 Singapore: July: 291.50 cents (up 4.50 cents) Malaysia: July: 291.75 cents (up 4.25 cents) Tin: $1,995 (up $20) Official offering: 151 tonnes (down 39 tonnes)
      30 words
    • Article
      Wheat
      157 4 WHEAT futures slipped into the loss column at midsession on Tuesday, off US 1/2 to 3-1 2 cents a bushel. Prices opened higher on follow-through support from the previous close. Buying was led by locals and a commission house, which took an estimated one million bushels of the September.
      157 words
    • Article
      LONDON MARKETS
      660 4 ALUMINIUM: Was £1 per tonne lower for both cash and three months yesterday morning. The steady tone reflected covering against recent physical demand and the general trend which offset the strength in sterling against the dollar as a mark* influence, trade sources said. Dealings were quiet with the
      660 words
  • ASIAN STOCKS
    • Article
      Lock icon Medium-sized blue chips easier
      552 4 Tokyo Source: DBS-Daiwa ENERGY substitute-related stocks and secondary natural resources-related issues such as trading firm issues. Nippon Metal and Chemical and Sanyo Kasei continued to rise owing to buying by individual investors and short-term traders In addition, Toyo Kogyo also advanced because of its good business
      Source: DBS-Daiwa  -  552 words
    • Article
      Hongkong
      362 4 THE market yesterday again traded quietly within a narrow range with even "special situation" shares (ailing to move much. Rumours that interest rates may rise this weekend were offset by comments from the Financial Secretary that inflation in Hongkong would not differ dramatically from his Budget forecast of 9
      362 words
    • Article
      Sydney
      354 4 URANIUMS and siyiw coals continued firmer in an otherwise generally weaker market yesterday, dealers said. The worsening strikes situation, with telecommunications services disrupted and another train strike in Sydney, was depressing sentiment, with new uncertainties over the government's intentions with regard to money supply also a factor. Uranium stocks,
      354 words
    • Article
      Bangkok
      281 4 THE stock market closed mixed in slow trading, dealers said. Bangkok Bank rose four to 350, Serm Suk six to 577, Asia Credit and Siam City Cement two each to 254 and 261 respectively and South Asia Fibre one to 173. JULY 04 Babts Asia Credit 2S4 Alt* Fibre
      281 words
    • Article
      Selected indices
      61 4 FINANCIAL TIMES INDUSTRIALS Tuesday 479.5 Monday 475.1 Week Ago 466.9 DOW JONES AVERAGE INDUSTRIALS Tuesday 835.5* Monday 834D4 Week ago 840.52 LONDON DOLLAR PREMIUM Tuesday 25 to 28'i Monday 28*. to27'. H.K.HANG SENG Wednesday 537.31 Tuesday 535.91 Week ago 538j87 SYDNEY INDUSTRIALS Wednesday 481 12 Tuesday 481.37 Week
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      62 4 have been appointed the Sole Agents by Access Equipment Limited for the Singapore and Malaysian area. will save you time, and give you safety at work. will cover the wide range of Access Equipment specially designed to provide access to high and difficult to reach areas. /<>* <y will provide
      62 words
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  • OVERSEAS
    • Article, Illustration
      Power from the waves
      210 5 BRITAIN, among the leadihg nations in wave energy research, is to provide a generator powered by the waves for an international research programme. Here ,-B technician in the west of England sets up the blades of the air turbine for the generator unit, now searing completion.
      210 words
    • Article
      Lock icon UK MINERS TO STRIKE
      83 5 Reuter BRITAIN'S coal miners Jtvave called for pay rises of up to 65 per cent and warned of industrial action if Jiheir demands are not met. Delegates at the annual Conference of the National Union of Mineworkers (NUM). meeting in Jersey voted unanimously to seek a
      Reuter  -  83 words
    • Article
      Lock icon Carter tackles recession the cautious way
      749 5 Washington Star THE CARTER administration, worried about inflation and the dollar, intends to avoid bold moves to boost the economy out of the expected recession, high-rank-ing officials say. If the recession looks mild, the administration may stand aside and wait for the economy to
      Washington Star  -  749 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      853 5 ARRIVALS Service Local Operator Number Time From MAS MH607 0845 KUL RBA BI421 0930 BWN MAS MH671 0W5 PEN KUL CPA CX710 1005 HLP *T»A GA980 1030 HLP MAS MH605 1045 KUL SIA SQI03 1045 KUL SLA SQ211 1045 HLP eiA GA944 1055 PKU "OTA GA908 1100
      853 words
    • Article
      Lock icon FAA error says Laker
      304 5 Reuter BRITISH airline chief Sir Freddie Laker said the delay in lifting the US ban on DC-10 aircraft "appears to be a massive cover-up to hide the Federal Aviation Authority's (FA\) ghastly error of judgment." The ban on DC-10 landings in the US was imposed after
      Reuter  -  304 words
    • WORLD IN BRIEF
      • Article
        Lock icon VIETNAM'S DENIAL
        487 5 Agencies. A VIETNAMESE official said there never has been any plan for an Indochinese federation of Vietnam, Laos and Cambodia but said it intended to continue its military presence in Laos and Cambodia as long as those two neighbours required it. Xuan Thuy, chairman of the Vietnamese Communist
        Agencies.  -  487 words
    • Article
      Lock icon New clout against S. Africa's racial policies
      302 5 Reuter SWEDISH Commerce Minister Hadar Cars urged UN member states to enact laws prohibiting their business communities from investing in South Africa. A blanket ban on all international loans and investments in South Africa, he said, would add new clout to the UN's
      Reuter  -  302 words
    • Article
      Opec's rise will inhibit growth of poor nations
      690 5 THE LATEST Organisation of Petroleum Exporting Countries' (Opec) oil price increases have dealt a devastating blow to the economic aspirations of the world's poorest nations, and can be expected to fuel inflation, retard growth, and severely strain their political systems, according to
      690 words
    • Article
      FUEL FINANCE HITCH
      349 5 ALTHOUGH President Carter and the House of Representatives have strongly endorsed the development of synthetic fuels, there are major areas of uncertainty and disagreement to be resolved. One of the biggest questions is how the multi billion-dollar programme should be financed to what extent it should draw
      349 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      37 5 V 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 Campari Orange Campari You. Sole Agent: FOOD BEVERAGE (PTE) LTD.
      37 words
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  • Article
    Joint stand on MTN needed
    371 6 THE Multilateral Trade Negotiations (MTN), as far as the developing countries are concerned, has been a non-event. They were not consulted, their pleas and representations were brushed aside. Similarly, the Unctad V conference in Manila has also been a flop. The developed countries refused to
    371 words
  • Article
    Less energy means more profits
    313 6 NEXT TO a high wage bill as a consequence of the latest NWC recommendations, the ballooning cost of energy must be on the priority list for industrialists throughout the island. Yet the response to government efforts to assist in the process of saving costs by
    313 words
  • Article, Illustration
    Will military might bring more problems?
    1082 6 DESPITE the new Strategic Arms Limitation Treaty, the military might of the Soviet Union is expected by intelligence organizations in the US and Western countries to peak by the mid-1980's. But it is also precisely in that period, the intelligence organizations believe, that Moscow's
    1,082 words
  • Letter to the Editor
    • Article
      DISCOURTEOUS REPLY?
      171 6 Dear Sir, I read with interest the tagging debate on the POSB Issue In the press aad I am somewhat disappointed by the report in the Business Times on Tuesday, JnJy 3, lf» that the Ministry of Finance has rejected the Association of Banks proposals in a "enrt
      171 words
  • Article
    Lock icon Thai farm that runs on its own waste
    754 6 Depthnews Special. A SELF-MADE Thai rice miller is setting the pace in domestic waste recycling that has become the envy of even the famed pioneers of the practice themselves the Chinese. The Kirikham Farm of the Kirikham Company Ltd virtually "runs on
    Depthnews Special.  -  754 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      116 6 tfogl WA PENGUIN BESTSELLER H te*LAY t *koS**h m THE MALAYAN TRILOGY This famous trilogy wittily dissects the racial and social prejudices of post-war Malay during the chaotic upheaval of Independence. Through a succession of splendidly colourful characters, Anthony Burgess delineates the conflict and confusion arising from the almost enforced
      116 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1344 6 Infectious laughter IF yoa*ve decided to limit year radiation intake (from ynr mlmt TV set) Md will only allow yourself one programme a ftight, year best bet will be Baraey Miller, on Cbaaael 8 at 8.15pm. Tboee dopey cops deadpassing their way throagh a half-boar grow oa yea, though the
      1,344 words
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  • Article
    Lock icon Foreign investors snapping up American bargains fast
    3327 7  -  INVESTORS around the world have been surging into the United States at an unprecedented rate buying into American industry, real estate, farmland and banks. While some Americans view this as an invasion to be controlled, others welcome the influx. Many states have set
    NYT  -  3,327 words
  • Article
    Asean must widen the ideological gap with Hanoi
    1011 7  -  FOBUM with JOHN TAN A UNITED Nations conference will be convened later this month to discuss the Vietnam refugees. Like other such conferences, a few hundred delegates will criticise, bargain and make promises that will affect the lives of millions of people.
    1,011 words
  • Article
    STRAWS IN THE WIND
    341 7 THE JUNE edition of the Singapore Society of Accountants Bulletin, under the section "Knowing our acts, rules and by-laws", reminds members of the Society's rules against advertising by public accounting firms. It even takes the trouble to reproduce two of the relevant rules and by-laws. But
    341 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      205 7 A -A M S WOOD 79 International ForMtry, Timbar Procaaaing and Woodworking Exhibition World Trada Cantra. Singapore 18-20 July 1878. T1 00a m- 8 OOp.m A Sponaor Tim bar Induatry Board of Singapore Three good reasons why you should be at WOOD' 79 1. Wood '79 is a specialist exhibition.
      205 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      42 7 ft i DON'T ujwpct you SF\y Ccallv WRVfe LOST Ui^JGHTy RvjGkiSH DTOKiHS Sf\\/S PnS, U£ VJOP.LK. DOu*. thc CCPP'DOR we look u<e LPU ,C£L V P\MD v^psCDV T\>n'T B€-l\fc_V£\ V vou y vS, FY=>W nina COCKING v(HGLTjC^ J U^ONCS OLLIG W V
      42 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Frankfurt
        213 8 JULY 03 Dm Aef-Telefunken 49 90 ♦0.1 Akso 25 ao 0J All* Leben 800.00 10 Alls Vers 442.00 unch BASF 133.00 2.2 Bay H T Wbank 240 00B -0J Bay Vbank 380.70 2.7 Bayer 136 JO -f 1.1 BBC 358.00 13 BMW 186.90 Cassella 344 .50 -0J Chem Verw
        213 words
      • Article
        Zurich
        185 8 JULY IB Francs Actions Sulsaes 292 unch Alusulsae Br 1230 10 Alusulsae Ref W -S Brown BotmI Br 1M0 10 C«* Oelfy Br. 1255 -s Clba Oeltjr P C 1025 unch CK* Oelfjr Rem ass 1 Credit Suisse Br 2200 -5 Credit Suisse Ret 425 unch Elektrowatt Br 2oao
        185 words
      • Article
        Paris
        265 8 JULY a rn CORBEILLE Alr-Uqutde ***** 411 B S N Oervm Dan one 852 •1 C S F (Thomson Of) 371 JO -65 Ctc Francaise des Petroies 195 80x6 -101 ompagnif Ftnanclere Compacnle Onmlc 390 -s Credit Fonrler De France 486 unch Hachette (Llbrairle) 230 -4 Machines Bull 5170
        265 words
      • Article
        Brussels
        89 8 JULY 03 Pr» FORWARD MARKET ACK 425 -1 Artwd are unch A.t.ir -2 Braaran M -12 BrjUmb 1190 -20 Canpac m Cock 490 -2 D* Been 154 unch Ebfl 2119 Electrobel MOO -20 Ob-Inno-Bm Mm 20 Oe» 12M -10 Hobo* BOO unch rwiro Ryl Dutch SKJro MOO 100 2210
        89 words
      • Article
        Amsterdam
        191 8 JULY 03 Fls ABN 335.00 -05 Ahold 9680 -0.4 Akzo 28.20 -02 AMEV 8380 0.9 Am fas 110.00 0.5 Am rot Bank 68 10 -0J Berfoct 55 50 -0.5 Berk 96 70 unch Bo Is 85J0 0.8 BorsumlJ 180.00 .1 Burhmann 5350 -01 Byenkorf 70 00 -0.8 Calve Delft
        191 words
      • Article
        Milan
        98 8 JULY 09 Lire Anlr a. 75 unch Assoc Oen ***** 240 Rutofl 745 5 Centraie 5100 •100 ri«t MSI 20 147 .2 Oen Immot S3 43 in Pii 2366 ♦23 Italcementl ***** -40 nn 1 lUliklar 366 -4 Mafneu M Pf 374 Marelli Ere 177 -3 UMllAh ***** -300
        98 words
    • Article
      Marginal rise in quiet trading
      1242 8 NEW YORK STOCKS were marginally higher in quiet trading on Tuesday ahead of the July 4 holiday. Investor interest centred on speculative issues such as CTT Financial, the subject of a possible acquisition offer. The Dow Jones industrial average gained just over a point and
      1,242 words
    • Article
      TORONTO
      208 8 JULY 03 C% Hud Bay Mln 21* Imp Oil 37* AblUbl 18* Inco 23* Alcan 40 Int Prov Pipe 20* Algoms 204 Int Uts 14* -«b Bank Mont 2«* InU Nickel 23* Bank Nova Scotia 23* Kerr Add U* B»ll T#1 21* unch Loblaw B 4* Beth Corp Massey
      208 words
    • Article
      JOHANNESBURG
      319 8 JULY 03 Rand 4/Tonga* t 300 Trust Bk 56 unch INDUSTRIALS Un Steel 52 unch Untsec 132 4 A Alpha 150 •5 Wool worth 300 unch Ahrrmm I 217 unch AE And n 430 -5 AMIC 1350 -25 MININGS Barlows 555 unch Cg Sugar 625 Anglos 775 -10 CNA
      319 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      617 8 See Page 4 for Asian stocks Where to wine, dine and entertain Si;m>esc Seafood i* £f p •-< Corkpil <hnlrl .-T .at A ri/ SteMHm.se -Q Try our Teppan-Yaki steak In our cosy, personalised atmosphere A truly mouth-watering delight And a time that you'll remember. Business Hours: Lunch 12.00 noon
      617 words
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  • BANKING AND FINANCE
    • Article
      Asean urged to expand finance through bonds
      472 9 THE ASEAN private sector needs to strive harder to expand its sources of finance through the issue of corporate bonds in foreign currencies, said Mr Hisamitsu Uetani, president of Yamaichi Securities Company Ltd. One of the available channels is the Japanese bond market.
      472 words
    • Article
      Lock icon Turkey, Zaire likely to get IMF loans
      439 9 Reuter THE board erf the International Monetary Fund is expected to approve a 250 million special drawing right, one year stand-by credit to Turkey on July 19, informed sources said. The sources added that negotiations with Zaire are now proceeeding satisfactorily and the
      Reuter  -  439 words
    • Article
      Lock icon IMF sells gold at record price
      128 9 Reuter THE International Monetary Fund (IMF) said it sold 444,000 ounces of gold at an average price of U*****.52 an ounce on Tuesday. The IMF said it accepted bids ranging between $281.06 and $281.87 an ounce of total tenders amounting to 1.518 million ounces.
      Reuter  -  128 words
    • Article
      Lock icon Luxembourg banks to delay franc bond issue
      247 9 Reuter LUXEMBOURG banks in consultation with the Banking Commission have decided to delay the August issue of a Luxembourg franc bond while the interest rate situation in Belgium remains uncertain, banking sources said. At the moment, a 500 million franc issue for Eurofima
      Reuter  -  247 words
    • Article
      ANZ to set up new company
      192 9 SIR lan McLennan, chairman of Australia and New Zealand Banking Group, has announced that the bank has received approval from the New Zealand authorities to form a locally incorporated company. "ANZ Banking Group (New Zealand) Limited", to conduct the total operations of the bank
      192 words
    • Article
      CHARLES PRICE
      103 9 MR Charles Price, having completed his threeyear term as managing director of N.M. Rothschild and Sons (Singapore) Limited, will be returning to N M Rothschild and Sons Limited in London with effect from inly It. Upon his return, Mr Price will be taking op a senior position as
      103 words
    • Article
      Lock icon Chilean peso devalued
      106 9 Reuter THE Chilean peso was devalued by 5.41 per cent, effective from Tuesday, to 39 pesos per US dollar from 36.89 pesos last Friday, the Chilean central bank said. The new rate will remain in force until Feb 29 next year, replacing scheduled crawling peg adjustments under
      Reuter  -  106 words
    • Article
      Lock icon FIDELITY UNION
      86 9 Reuter FIDELITY Union Life Insurance Co said a definitive agreement has been signed for the previously-an-nounced sale of 1.77 million shares of its stock, or about 35 per cent, to Allianz of America Inc from chairman Michael Collins, members of his family and some directors for U5572.50 per
      Reuter  -  86 words
    • Article
      Lock icon Sterling rises to four-year peak against $
      511 9 Sterling rises to four-year peak against Reuter STERLING firmed to U552.2010/20 at the close, its highest level for almost four years, on the back of attractive UK interest rates and Britain's North Sea oil reserves, dealers said. It was a midsession ***** 45 and opened in London at 2.1877 82,
      Reuter  -  511 words
    • Article
      Lock icon Swiss bankers move to avoid another fiasco
      424 9 Reuter TWO Swiss bank managers were sentenced to four and a half years in prison in Chiasso for a banking scandal which cost the Swiss Bank Credit Suisse 1.38 billion francs. Ernst Kuhrmeier, former head of the bank's Chiasso branch, and Claudio Laffranchi,
      Reuter  -  424 words
  • MONEY AND EXCHANGE$
    • Article
      Singapore market
      507 9 THE US dollar saw fairly quiet trading yesterday morning but closed generally firmer against major currencies. There was, however, active trading in sterling and it closed firmer against the US dollar. Sterling opened at 2.2100/ 10 against the US dollar, eased slightly to 2.2085 96, before firming to
      507 words
    • Article
      Asian $ rates
      191 9 Asian rates ASIAN currency deposit interbank rates as at close on July 4: Closing Asian dollar certificates of deposit for prime names: L'S Doll»r*(Spoil Offer Bid 7 days 1011/16 10 9/16 1 months 101/16 913/16 2 months 10 7/16 10 5/16 3 months 10 9/16 10 7/16 6 months 10't
      191 words
    • Article
      Discount
      50 9 RANGE of prices offered by discount houses on July 4: Overnight 4 V Call deposits 4H* Clofiag Bayiag Selliaf 3 month Treasury bills 4 s 4W 3 month Bank bills 711/16 79/16 3 month CD 7 5/16 73/16 6 month CO 7 1 7'/« Source: National Discount Co Ltd.
      50 words
    • Article
      Treasury bill tender
      43 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $15 million 91-day Treasury bills to be issued from July 9 to July 13. Each tender must not be for less than $250,000.
      43 words
    • Article
      Gold
      313 9 GOLD futures closed generally higher in fairly moderate trading in Singapore yesterday, with its initial rise reflecting the metal's overnight strength in New York, dealers said." Turnover fell slightly to 186 lots from 212 on Tuesday with activity concentrated on August, October and December contracts, they said. August closed
      313 words
    • Article
      Hongkong
      204 9 STERLING eased against the US dollar in active trading in Hongkong yesterday, dealers said. It wased to a late U552.2080 90 from $2.2090 110 in early trading and the $2.2130/40 close in New York, on profit-taking after its earlier advance on rumours of a new North Sea oil find
      204 words
    • Article
      Tokyo
      117 9 THE US dollar for overnight delivery closed at 217.55 yen, slightly up from a 217.40 opening but down from 218.15 at yesterday's close, dealers said. Trading was quiet with volume US$567 million. The dollar rose in thin late trading on buying by Japanese banks to adjust positions, following its
      117 words
    • Article
      London
      307 9 STERLING firmed in London yesterday in moderate early trading to breach U552.22 while the dollar also eased slightly against other major currencies on overnight levels, dealers said. After profit-taking in Hongkong, sterling firmed in early trading to 2.2220 30 before easing slightly to 2.2210 20 They noted the closure
      307 words
    • Article
      PLR
      21 9 THE average rate al which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
      21 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      295 9 Mathematics and Statistics in Penguins Mathematical Carnival: Martin Gardner A piece of solid iron in the form of a doughnut is heated. Will the diameter of its hole get larger or smaller? Just one of the maddening but uniquely entertaining puzzles that make up Martin Gardner's latest collection. The range
      295 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1360 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 Contract* are quoted after the word "sett". Big Board deal
      1,360 words
    • Article
      Government bonds
      179 10 4 1/2% 1/8/80 (250.000) (***** 99 60S) 4 3/4% 15/8/80 (250,000) (99 658 99.755) 5 3/4% 1/8/78-80 (250.000) (100 758 100.85S) 5 1/2% 1/5/79-81 (250.000) (100 368 100 455) 6 3/4% 1/9/79-81 (250,000) (100 488 100.58S) 5 1/4% 1/3/81 (250.000) (100 108 100 2QS) B% 18/4/81 (250.000) (99
      179 words
    • Article
      Stock options
      99 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. (Mi Storage (Sept $1.85) (0.328 0.405). C C (Sept $2 35) (0 328 0.405)
      99 words
  • Article
    Unit trusts
    158 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maaagera' prlrei for Jal S) (Carreat prl eca) The Commerce 199 2.11 Income Bond 1.11 1.16 The Saving Fund 1.31 139 S pore Prog Fund 0.93 .98 S pore Sec Fund 1.74 185 S'porp Invest Fund 1.17 1.24xd S pore Equity Fund
    158 words
  • Article
    SHARE INFORMATION SERVICE
    2532 10 Gr's Gr's Net 1 1979 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr COOOl High Low SECTION ONE I INDUSTRIAL COMMERCIAL j 261 207 Acma 224 15.0 2.2 6.6 11.4 190* 123* Alcom 172 10.0 1.3 5.8 22.9 142 110 Allied Choc
    2,532 words
  • Article
    In Kuala Lumpur
    1663 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number oI shares traded shown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIAL* \*aamata 2 60B) (1) 2 68 Alea« r 1.755) Alex Hatd
    1,663 words
  • Article
    COMPANY MEETINGS
    104 10 WorldwM? Holdings 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. Hotel Grand Central Ltd: AGM to be held at the Conference Room, Hotel Grand Central Building, 22, Cavenagh Road. Singapore, at II.30 am
    104 words
  • Article, Illustration
    Prices firm in reaction to oversold position
    623 10 SHARE PRICES strengthened for the first time this week at the Stock Exchange of Singapore yesterday. For the best part of the day, trading was dull. It was only towards the close that the market began firming with prices moving np by as
    623 words
  • Article
    Kuala Lumpur closes with fair gains
    578 10 PRICES recovered moderately in the late afternoon and closed with fair gains on the Kuala Lumpur stock market yesterday. Trading was still cautious, especially during the early sessions as conditions were dull and market operators uncertain which way the market would tend. However, the
    578 words
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  • COMPANY NEWS
    • Article, Illustration
      Oil price rise keeps Hytex in the red
      676 11  -  By ANTHONY TAN HYTEX, which uses petroleum-based raw materials in the manufacture of woven bags, has found it difficult to pull itself into the black because of increases in the price of oil. Following last December's Opec price increase, Hytex fell deeper
      676 words
    • Article
      Magnum buys another 10 per cent
      279 11 MAGNUM Corporation has acquired 2.26 million shares or 10 per cent of the capital of plantation company West Country. Magnum disclosed in its 1976 annual report that it had 4.5 million shares in West Country while its subsidiaries owned another 1.95 million shares. The
      279 words
    • Article
      Sanyo (M) suffers severe setback in second half
      393 11 SANYO Industries (Malaysia) suffered a severe earnings setback last year, contrary to the optimistic forecast of its vice-president, Mr Lim Thiam Loy, in his 1977 annual report. Hit by an unexpectedly poor second-half performance, the company's net trading profits plunged 49 per
      393 words
    • Article
      DIVIDENDS ANNOUNCED
      516 11 Current Payment Ex Date Books Cloae Date Payable Total for Total for the year Previous year Aokam 1 in Dah Yung T Harbour 10%I 10%(b) 15% I May 24 Jun 7 May 24 Jun 5 Jun 14 Jun 5 Jul 6 Jul 6 Jul 6 10% 10% 15%
      516 words
    • Article
      SCRIP ISSUE
      139 11 Company Particular! Ez Date Books Cloae Mai Flour Bonus Issue of 1 for 2 Jun 27 Jul 9 Oriental Hides 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
      139 words
    • Article
      United Malacca reaps higher profit
      259 11 HELPED by better commodity prices and higher oil palm FFB output in the second half-year, United Malacca Rubber Estates achieved a 25 per cent increase in unaudited group pre-tax profit to MJ5.49 million for the year ended April 30, 1979. Directors have declared a final
      259 words
    • Article
      Central Securities' profits dip by 86 pc
      563 11 SHARPLY lower profit figures turned in by Central Securities for the extended 16-month period ended Sept 30, 1978 underscores clearly the effect of the sale of its highly profitable oil palm and refinery operations early in the period under review. The delayed figures
      563 words
    • Article
      Winding up
      100 11 MALAYAN Tin Dredging (Malaysia) Berhad said that at an extraordinary general meeting held on June 29, its wholly-owned subsidiary. Malayan Tin Dredging Ltd (MT Ltd) was voluntarily wound up with effect from July l. At the same time, Southern Malayan Tin Dredging (M) Bhd said that its wholly-owned
      100 words
    • Article
      Lock icon Sembawang Shipyard is a good buy
      392 11 asKjeß™ by HOCK LOCK SIEW INVESTORS all tee sites lose tbeir perspective whea market seatimeat is weak aad wkea Jast about everybody la selttag. At sack times they tead ta leak away (ram the market aad, la sa doing, are missing bargalas that emerge
      by HOCK LOCK SIEW  -  392 words
    • Article
      SOUND OF SILENCE
      185 11 MERCHANT BANKERS are well known for the speed la which they relay announcements el share subscription results to the press, especially ss when the shares they underwrite happen to he heavily oversubscribed. Singapore Fodder's share sffer sf 2.5 mllltoa shares at $1.55 clssed yesterday. However, a mantle
      185 words
    • Article
      Johan Tin hit by halt in mining
      245 11 JOHAN TIN, feeling the pinch from the cessation of mining operations, has reported sharply lower earnings. Pre-tax profit for the year ended Jan 31, 1979 was a pale shadow of the results in the previous year, dipping to M 520.317 from (138,265. The
      245 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      149 11 PENGUIN BOOKSHOP RUNN&tS HANDBOOK sing THE Runners HANDBOOK SJNERS HANOOOOK KUNHEHs. HAMOdOOK WHY DO RUNNBtS MAX£ SETTER LOVEX& =3 MM.KOaooK turn t/Mr I stimulates! ALLASffCTSI Off/SAtMW Th* RUNNER'S H*ndbo°+ jmsssiffi f. b»W> 2* iflll ti 1 A A S)i Here at last is The Runners Handbook, a complete Fitness guide
      149 words
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  • Article
    OUE eyes Adelphi management contract
    563 12  -  A MANDARIN CHAIN? By TEO TECK WENG OVERSEAS Union Enterprise (OUE), owner of the 700-room Mandarin Singapore in Orchard Road, may soon operate its own chain of hotels on a management contract basis. Industry sources said OUE is now negotiating with the developer of the
    563 words
  • Article
    HK Land plans joint hotel project here
    629 12 HONGKONG'S largest property developed Hongkong Land Group, is negotiating with local businessmen to build a luxury hotel near Raffles Place. Although discussion between the two parties is well underway, agreement has not been reached on the hotel's location. The proposed hotel will be
    629 words
  • Article
    LONDON STOCKS
    814 12 LONDON. Wed The market closed mixed after a quiet session. At 3pm, the Financial Times index was down 2.1 points at 477.4 after a high of 482.5. Equitites tinisnea easier on balance as hopes of a cut in the Bank of England minimum lending rate receded. But long-dated
    814 words
  • Article
    CHARTERED TOWER
    232 12 THE Chartered Bank plans to invest $125 million in a new office complex comprising a podium and 40storey tower block, on the site of its present premises in Battery Road. The outgoing chief manager, Mr G.G. Janes, said this development demonstrates the bank's continued confidence in the Republic's
    232 words
  • Article
    Lock icon Asean countries on 'red alert'
    247 12 Reuter, AP PHILIPPINES' Foreign Minister Carlos Romulo declared yesterday that the Association of South-east Asian Nations (Asean) is now on a "red alert" against any possible dangerous development in the region. Speaking on his return from the Asean Foreign Ministers' Meeting in Bali, which discussed
    Reuter,; AP  -  247 words
  • Article
    LDCs object to import curbs plan
    417 12 DEVELOPING countries have given a stern reply to the EEC's proposals for an international code allowing industrialised nations to slap import curbs to safeguard home producers against excessive competition from cheap foreign goods. The developing countries have said they will not accept any code
    417 words
  • Article
    Lock icon Aircraft accord
    106 12 UPI JAPAN and the European Economic Community have agreed to hold periodic discussions to promote the aircraft industry. The agreement may speed joint development of Rolls Royce aircraft engines and F2B jetliners of Fokkar Aircraft. With the exception of domestically produced YSlls. Japan has been producing aircraft under
    UPI  -  106 words
  • Article
    Role of labour in electronics industry
    378 12  -  By CHOO AI LENG STRUCTURAL changes in the electronics industry require more efficient use of adequately trained labour. The point was made by Dr Ahmad Mattar, chairman of the Vocational Industrial Training Board (VT1B), at the inaugural meeting of the fourth term of office
    378 words
  • Article
    Mild slump likely
    335 12 THERE WILL definitely be a setback in the world economy although it will not be as severe as that in the 1974-75 recessionary period, a distinguished UK banker forecast. Sir Jeremy Morse, chairman of Lloyds Bank International Ltd, one of the major clearing banks the UK, believes
    335 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      221 12 )/.,&%_}$@/}<>;{;->({_'<]",$>@: We all need help sometime or other. But whenever we get it or not is another matter altogether. The June issue of Singapore Business shows you that: It's Only Talk: Though there is much talk about helping small businesses, the small-time entrepreneur has very few avenues to go for
      221 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: No rain. Report for 24 boors prior to 7.3$ p.m. on July 4 at the airport. Maximum temperature 28.2 Associated humidity 89 Minimum temperature 26.2 Associated humidity 94 Hours of sunshine Nil Rainfall in millimetres 13.2 Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Strike ended
        72 13 Reuter THE national strike by 10,000 Waterside Workers Federation (WWF) members in Sydney will end from today's first shift, the WWF said. This follows settlement of the dispute over stand-downs and subsequent dismissals of WWF members employed by Cooperative Bulk Handlers Ltd at Kwinana, Western Australia. The strike
        Reuter  -  72 words
      • Article
        Lock icon Port expansion
        105 13 AFP THAILAND'S Sattahip naval port, about 200 km east of Bangkok, is to be expanded into a commercial deep sea port at a cost of 600 million baht (Ss66 million), government officials said on Wednesday. Work on the expansion is to go ahead later this year, and discussions
        AFP  -  105 words
      • Article
        Lock icon Shipsales
        71 13 Reuter LONDON brokers reported the sale of the Plainsman, tweendecker of 8,630 long dwt and built in 1959, to a Panamanian flag operator with the price believed to be around US$6OO,OOO to $625,000. The Custodian, tweendecker of 11,575 long dwt and built in 1961, and the Tactician, tweendecker of
        Reuter  -  71 words
    • Article, Illustration
      Big changes at Barber
      498 13  -  ADMINISTRATIVE RESHUFFLE By GOH ENG KEE MAJOR administrative changes have taken place at Barber Blue Sea, operators of the first fleet of supercarriers, and its managers. Barber Lines, which is wholly owned by one of the operators, Wilhelm Wilhelmsen of Norway. The shipping agency has also
      498 words
    • Article
      Lock icon London freight market
      198 13 UPI FAR EAST uid West Asia demand far Jily wheal prompted several liftings from both the US Gulf and US North Pacific. One such movement was that of a 19,7M-toa cargo taken aboard the Ju I > Ml loader A 1 Taqee which was taken to So
      UPI  -  198 words
    • Article
      Lock icon Evidence of excessive Soviet chartering
      640 13 AP CONDITIONS quietened down a little on the freight market last week as Soviet interest waned, but the tone was fully maintained around previously firm levels. Evidence that there had been excessive chartering by the Soviet Union to cover its US grain needs was borne
      AP  -  640 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2329 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 Fort of
      2,329 words
    • Article
      INDEX
      495 17 Shipping Um Page C«l ACS n 5 Afea IV 3 Alpac IV 5 Angaria ve V 4 Angkutan V 5 ANL I 1 APL ra 2 Arya Nat n 5 ASCL ra 5 Aust.Cont IV 5 Bank n 5 Banner V 3 BBS n 2 Ben Asia ra 3
      495 words
    • Article
      Container Schedules
      962 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 chance (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the
      962 words
    • Article, Illustration
      Vladivostok's new role
      338 18 KEPPEL recently undertook a major conversion for the "Vladivostok" In its plans to change from a whaling factory ship to a fish factory ship. This is its eighth visit to Keppel Shipyard. Modifications took form In the Installations of two air Mast tunnel freezers, four sets of
      338 words
    • Article
      Rise in cargo snatching
      805 18 IN THEORY, the Salvage Association acts largely on the instructions of underwriters; but in practice those instructions are so closely associated with the interests of the assured that the association fulfils the duty of protecting commerce in general. This is brought out strikingly in the chairman's
      805 words
    • Article
      Cost increases push shippers and owners to make adjustments
      1118 18 ORIENT EXCHANGE MARKET SHIPPERS and owners are making adjustments as costs increase. Trade is expanding but profit margins are very tight for both trampers and conference owners. Freight rates are reflecting both higher fuel charges and lack of vessel availability on
      1,118 words
    • Article, Illustration
      SHIPS IN PORT
      453 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altar (0700 40/41 Centaur (Passenger) (1300 after Marie Bakke shifts) 1/2 Garuda GGA 1316 (0600) 44 Golden Source (0600 after Tutong) 22 Kota Melati (1500) 10/11 Lumut (1300) 20 East Nedlloyd Frazer (after Nedlloyd Forcados) 3/4 Ning Hua (after Jalayamini) 18 Marie
      453 words
    • Article
      British judges uphold boycott
      173 18 THREE British appeal judges ruled on Tuesday that a giant transport workers' union can refuse to offload or service a Hongkongregistered vessel to protest the crew's wages although the 32-man Hongkong crew say they have no complaints and don't want to join a union. The vessel,
      173 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      464 13 TANK CLEANING '<jn v .-»*prv Whether you are sending it to the DOCKYARD tor repairs the SCRAPYARD ♦or scrapping or making a CONVERSION consult: PIRAEUS MARINE SINGAPORE PTE LTD uAI -I. JJW- pionhr^S::mc ,t P'OMAM St S4" W J AR DINT AMAH Orient Overseas Co*da*t&i Line FULLY CONTAfOISED SERVICC TO
      464 words
    • Advertisement
      Page 13 Advertisements Column 2
      232 13 iisif SEALORD |U ANTAH H UASC 3 UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H L Derrick 288 TEU Capacity, Long Length Capability •ARABIAN GULF WEEKLY SERVICE RED SEA DIRECT SERVICE H Vessel S pore Loading for a Jeddah (22/7). Hodeidah (29/7). Aqaba (6 8) ieddah
      232 words
    • Advertisement
      Page 13 Advertisements Column 3
      266 13 E.NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE (VIA MRCATOR 0 CHEF s bww C CONTAWS N CORAI C PAU. F stoow H tu'i frw Awt 75 vt» 77 My 78 My 31 lely 1 Aug Mj( 5 M !M 8 *<4 9 Amc
      266 words
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      Page 13 Advertisements Column 4
      703 13 AFEA LINE REGULAR SEMI CONTAINER EXPRESS SERVICE OIRECT TO LAGOS-APAPA Set Page IV Column 3 for Sailings AqrnU SINGAPORE SHIPPING AGENCIES PTE LTD VAHKETING *****2 GENERAL *****1 A VI EURO ASIA LINE SON BHD K I ***** 7 P KL ANG *****1/3 •PENENG 64 781/2 MAERSK LINE far US Pacita
      703 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      908 14 ;Hapaa -"°H FU.LT COMTAMERISED TO EUROPE Osaka Bail Liverpool Bay Benalder Hambwg Express Benaton Tokyo Bar Car rig an Bay Totn Eipress Rhne Marti Osaka Bar BenaUcr Hamburg Eipress EXPRESS CONVENTIONAL TO EUROPE Spore PKeiang Pen Mosehteoi 18 7 20 7 Regenstetn 21/7 23/7 Bflbao Genoa H'twj Bremen Rdam Antwerp
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      Page 14 Advertisements Column 2
      371 14 8.5 barber blue sea Hfttfßytlii %#V|| Vwl From: US ATLANTIC US GULf i EAST CANADA m To: US ATLANTIC US GULF i EAST CANADA Sjfc In Angeln M Cratotnl Au> Next Loader BARBER PRIAM" July •at BARBER LINES TERMINAL GOOOWN 47. Cloeing dele* FCL/LCL 4/7 To CANADA/USA Pacific Cwt Sintu
      371 words
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      Page 14 Advertisements Column 3
      697 14 EVERGREEN LINE FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTWG-CARGO FOR HAMBURG. FELIXSTOWE. ROTTEROAM. ANTWERP IE HAVRE ALSO ACCEPTMG CARGO FOR UNITED KINGDOM iOuTHAMPtON. LONDON MANCHESTER. BIRMINGHAM BRISTOL LIVERPOOL GLASGOW. LEEDS WEST GERMANY BREMERHAVEN HOLLAND AMSTERDAM Sport fibilm totlwdjm Mwtrp Lt Hoort Cttr 7 M 21 M m Em Victory
      697 words
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      Page 14 Advertisements Column 4
      960 14 Everett Lines j Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON HTANTAWYWA PPW 303/5 My PAGAN 6/7 My B F S.S C Ajwtj m Moloyvo TEPS MALAYSIA Port Kelong Tel (38F-7355 Penong Tel *****/***** Compania Argentina Da Navagacion Intarcontinantal S. A. C.I.F. 'ARGENTINE NATIONAL LINE' LOADMG FOR
      960 words
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      Page 14 Advertisements Column 5
      735 14 mo.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 IMYSKY DIAMOND STAR YUE RIVER AUSTRALIA SERVICE P. Keiang Snfapae Loadx 15/17 Mr 23/25 My Singapore In Part 11/20 My 20/22 My Loading tar:
      735 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      913 15 rj. ,,VL, v Overseas I Containers Limited Weekly service to/from UK/Europe To UK/Continent S>M Oulu lay )M UwfMlbT 11 M BMW* It M taaMg Eiprtss 2C M Bwaiwi 4 Aug Teky* Bay 12 Aug Catgan Bit 21 fat Eipreu 21 Aug From UK/Continent fiarro SjM SjM IMyetn SM (M U
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      Page 15 Advertisements Column 2
      1047 15 GRANARD LINE RELIABLE I DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDfTERRAICAN Spore P I«m( Penang MY MM FUNG K7IW MM M. V MAW KM VJW 17 Ami M V KNOW FUNG V.3W- J1 Aug DU. KSXIS ACOTTME CONTMKI CMtfiO MM/P Sarf/Meu«*i4/ Beirut LattaAia/Pireaus. P Sml/AlrMdria/ Beirut Lattakia Pweaus Jeddab/PSaid/ Beirut
      1,047 words
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      Page 15 Advertisements Column 3
      472 15 riv: BEN LINE CONTAINERS 1 BEN ASIA CONTAINER SERVICE EXPRESS CONTANER SERWCE STRAITS/TAIWAN/JAPAN TO TAAAtfH, l*f AW IBENBULK I BULK SERVICE FOR TIMBER AND PLYWOOD 31/7 My ~J*TT 11/aiy TAKMO 21/25 By 1 Cj(s Samr* 22/24 My TMoss 24/27 My AGENTS: The Ben Line Stennen Ltd.. Sinfjpore Tat *****4 The
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      Page 15 Advertisements Column 4
      584 15 Scan Dutch 9 pii-ivtr.iiiiwr*r\vu+u .ttwi L 'j *1 ;»T»i:i»*t*i T i»Ji«iw WM.MI»:11 AVIA •aadto I) MoT 3) «> Ctar| N/7 »/7 31/7 2/1 )l/7 i/t 7/1 I/I 7/1 U/l 14/1 IV* u/i u/i n/t n/t 2t/i a/i a/t 3i/i n/t 2/i i/i 4/1 11/1 13/1 u/* u/i u/i a/i 3)
      584 words
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      Page 15 Advertisements Column 5
      484 15 r BOUSTEAD SH,PPING AGENCIES THE BANK LINE LTD. FMOOWa (Reumon Durban Clown PI. i Hn) Spore 24/2S Aug f Ketanf M FROM EAST t SOUTH AFRICA A VtSSI Pwang P Kelang FOR BANGKOK MANIA Spore Aug U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, Galveston) LOUSE LYKES (loads)— ELIZABETH LYKES
      484 words
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      Page 16 Advertisements Column 1
      1084 16 K LINE KAWASAKI KISEN KAISHA. LTD. LUROPE EXPRESS SERVICE HK CONTAINER 16W 111 My MERCATOR 12W 0 CHIEF 15W SS BRIDGE 22W TO EUROPE P Keiang L Havre R dam 22 tuly 23 July 30 July 4 Aug 28 July 31 My 2 Aug 5 Aug 9 Aug 11 Aug
      1,084 words
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      Page 16 Advertisements Column 2
      784 16 U SX/EAST CANADA SERVICE Ptiiang Bda«an P Mang. E.C./GREAT LAKES SERVICE IOMSK FOR: WW TOM. NORFOLK. MONTH<U. TORONTO Ptnang BtUwan P Mang Sfflgaport VtSHUA TIT (Cab Dotage) »/77 Mr 24/25 A* 71/" Mr vessel- 20/21 ah ii/w Am «vu Am CALIFORNIA/PACIFIC NORTH WEST SERVICE Loa«« tar 10$ ANGELES UN FRANCISCO
      784 words
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      Page 16 Advertisements Column 3
      509 16 S \(.|-<HI|) SINGAPORE SHIPPING AGENCIES PTE LTD 20th floor ocean building Singapore i MARKETING *****2 13 LINES) GENERAL 91 >» (14 LINESI TELE* RS ***** RS 2SS6B A B CARSmiP C AflL CARGOSMiP SI\GAPOREJSL4SDSJJSE MIDDI th AST RK.L LAR lIStR A SAFE WAV TO SHIP BY SSA mstss oiitnincr Lilies
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      Page 16 Advertisements Column 4
      761 16 MALAYSIAN INTfRNATKJNAL SHIPPING CORPORATfOH BCRHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA NEST BOUND: EXPRESS CONVENTIONAL SERVICE FROM UK/CONTINENT for Ondiarge B«« 8 .11 My B*. 29 2 Mi Bit 18/72 My BU 28 2 Aug B<> 7/12 *n> orncz utau use id ci «?tou AGENTS Kuab lianpu Pemas-MSC Tri. *****7/*****0/*****5
      761 words
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      Page 16 Advertisements Column 5
      830 16 INTRASEA (PTE) LTD. J Faber House 234E Orchard Road Singapore 9 Telephone *****1 V *****57 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S pore P. Keiang Penang Loadng far: RATNAMANORAMA MM2 7 U 10 M Avon (UK)/Boulogne EVMARWB4S 22 Jul 24 M Boulogne Rdm Avon(UK) Agents Sinfapart MTRASEA (PTE) LTD
      830 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      159 17 CELTIC BULK CARRIERS (■'f if I. >ri Sit. J KARLANDER (AUSTRALIA) PTY. LTD. Independent repdar container service from East Austraian ports DUMON) SIM V 40 TMJIOIO U MIX KTOTEN MMU Ml TUB STM M 2 DUMON) STM *43 Heft Sydney Sport PKtlanc 11/12 M 13/14 M 27/21 M 4 M
      159 words
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      Page 17 Advertisements Column 2
      211 17 LIAN SOCN SHIPPING TRADING CO (PTE» LTD jo: rin noo» eui^omc.•OßtMSON »o»o v*&«po«( Tfl ?700i:ni II«M* CABIE LIMMIND eta M V "SELAMT DA TAW" 15-7-79 M OCMY BASIS" M MV "QCMV MAMS" 7-7-7) t* M V fitTAM K NASAL IT M «*I t' M.K "SEME HOW" H POBT r M.«
      211 words
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      Page 17 Advertisements Column 3
      185 17 -C«3t €*preo* i£td PERSIAN GULF SERVICE ETA ETD LOAMK FOR BACHLONG VMM ta Port SM Mwcjl/DhM/Mu nub/ Bairain/Kuwait EASTERN EXPRESS MW(TBC) 19 W 20 M -do M V ffVf BLMOS COW WO SOOBCE TO AUSTRALIA M V SUN EMERALD 10ADMG FOR: $y*»y/lh»ounw/* <-•**»«* Gulfeast Shipping Pte Ltd Suite 704/706. Ocean
      185 words
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      Page 17 Advertisements Column 4
      177 17 CHINA OCEAN SHIPPING COMfttNY UXC SERVICE P HUANG PI NAN G LOADING FOR •Yong Jung 25/27 Uy Rotterdam/Hamburg Naif Tail 27/29 My London/Antwerp/ Rotterdam/Hamburg *Mn Jiang 25/26 Aug Rotterdam/Hamburg •Bang Jung 25/26 Sept Rotterdam/Hamburg MEDITERRANEAN SEA SERVICE Yn Ctauan 20/22 My Barcelona Marseilles Genoa Accepbng cmkmm AGENTS: CHUNG CHIAO SHIPPING
      177 words
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      Page 17 Advertisements Column 5
      309 17 NOTICES m.v. "VISHVA TARANG" VOY: 16 arrived 2nd July. 1979. at P.S.A. God own No. 18. General Survey of damaged cargo ex the above vessel will be held on Monday 9th July, 1979, as from 9.00 a m to 5.00 p.m. No further survey will be held after this date.
      309 words
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