The Business Times, 16 July 1979

Total Pages: 18
1 18 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 144/1/79 MONDAY, JULY It, int 50 CENTS
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  • BRIEFLY...
    • 92 1 AFP NEW DELHI, Sun. Mr Morarji Desai, the first Prime Minister to head a non-Congress government in India since independence, resigned tonight after over 27 months in office following large-scale defections from his Janata Party. Mr Desai, who at 84 was the oldest prime minister in the world,
      AFP  -  92 words
    • 69 1 AFP MANILA, Sun. Four major issues are on the agenda in talks between President Ferdinand Marcos and Indonesian President Suharto, who arrives here on July 17 on a 21-hour unofficial working visit to the Philippines. These are the Vietnamese refugee question, the Indochina conflict, particularly as it affects
      AFP  -  69 words
    • 53 1 KUALA LUMPUR. Sun. Petronas will be setting up three petrol stations this week in Johore Baru to ease the supply of diesel. The Parliamentary Secretary in the Malaysian Prime Minister's Department. Mr Sharir Samad, said the three stations will be set up at Jalan Terbau, Jalan Kebun Teh
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    • 68 1 AP r TOKYO, Sun. Chinese Vice Premier Li Xiannian said today China will agree to a Japanese proposal that China and Japan jointly develop undersea oil near the Senkaku Islands. Japan's Kyodo news service reported. The islands are claimed by Japan, China and Taiwan. Kyodo reported
      AP  -  68 words
    • 75 1 AFP BEIJING, Sun. Stalled textile negotiations lent a climate of uncertainty to the arrival here today of the European Economic Community (EEC) delegation to the China-EEC joint committee on trade, scheduled to meet for the first time tomorrow. Sources have reported that th n textile talks between
      AFP  -  75 words
    • 58 1 AP JAKARTA, Sun. Indonesian Foreign Minister Mochtar Kusumaatmadja today called for an end to the sending back of Indochinese refugees. "We, Asean, must now use brain in solving the problem. We had better stop doing such things pending the Geneva conference on refugees," he said after returning home
      AP  -  58 words
    • 58 1 UPI TAIPEH, Sun.— Death toll from a chemical explosion that destroyed or damaged 36 apartment houses here rose to 18 today and authorities believe four persons still missing may be buried under the tonnes of debris. Fifty nine others were injured, many of them critically, in the blast
      UPI  -  58 words
    • 63 1 UPI CAIRO, Sun. Prime Minister Mustafa Khalil said today Egypt has not made any concessions in return for the release of the Egyptian diplomats who were held hostage at the embassy in Turkey. Mr Khalil expressed his appreciation and that of President Anwar Sadat for the conduct of
      UPI  -  63 words
    • 53 1 UPI BEIRUT, Sun. Syria will join the Middle East Peace quest once Egyptian-Isreali peace treaty is dismantled and a strategic balance is established between Syria and Israel, a Syrian official said. He said the Middle East power balance was tilted in Israel's favour with the signing of the
      UPI  -  53 words
  • 114 1 THE following list of stocks gives the II most traded on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1979 (am pan) Taraaver Price* High Law Jul 13 in Haw
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  • LOCAL STOCK INDICES
    • 82 1 Jul Jal It Jal 11 Jal 12 Jal 13 *'BT Index: 2206 78 2223.50 2221.71 2213.50 2221.34 'Industrials: 375.34 377.20 376.35 374.24 374 54 »i Finance: 672 25 674.39 673.90 673.70 673.59 ••Hotels 280.31 280 65 280.16 280 35 279.56 •Properties: ***** 242.24 241.86 240.82 241.11 Minings: 198 51
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    • 98 1 Jul Jul It Jal II Jul 12 Jal IJ BT Index: *****9 3227.41 3215 29 3206.66 3209.86 •Industrials 402.45 408.01 402 12 401 29 ***** Finance 596 46 598.22 599 27 598 10 598 69 ••Hotels: 257.21 257 17 257.17 257 17 257 13 •Properties: 232 10 232.52 232
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  • 636 1  -  REGIONAL MARKET By COLIN CHEE THE Asean Banking Council will call on Asean governments to support the establishment of a regional market for banker's acceptances (BAs). Asean governments will be asked to help develop their own market in the instrument by providing lender of last resort
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  • 159 1 ECONOMIC Ministers of the five Asean countries will be meeting in Manila next week to discuss primarily. the outstanding issues concerning the Australian international civil aviation policy (leap). Before the meeting, officials of the Asean committee on transportation and communications (Cotac) will confer (from Wednesday
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  • 86 1 The government hopes to decide by this year whether or not Singapore should go ahead with the construction of a mass rapid transit system. The decision will be made after the third-phase study of the project has been completed. This phase covers the detailed engineering design of the
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  • 605 1  -  By TEO TECK WENG FITZPATRICK'S plans to expand substantially its retail supermarket and export businesss. By the end of this year, the number of Fitzpatrick's outlets here is likely to be increased from the existing five situated in various parts of the island. At the
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  • 141 1 THE Malaysian delegation to the Fifth Rubber Industries of Asean (Riasean) conference in Manila will present the regional grouping's reply to an EEC sectoral study on tyres and tubes. The paper is expected to explain Aseanjs view that the EEC study, presented at the last
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  • 302 1 THE average prime lending rale (PLB) of Singapore banks Is new close to B.S per cent. The quarter point increase in the PLB from the 8 per cent average ruling over the past few months comes barely a week after market leader Development
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  • 472 1  -  By CHOO AI LENG FLUSHED with funds from a successful public issue of its shares, Hwa Hong Manufacturing Company has now on its drawing board ambitious, long-term expansion plans that could see the company diversifying into soft-drink manufacturing. Company officials said yesterday that
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  • Page 1 Advertisements
    • 28 1 A helping hand when you need it mort Miyfoonj Mortgage And Finance (S) Ud. Ground floor, Shaw House. Singapore 0923 Tel *****77 5 See pages 5 and 12
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    • 28 1 How to watch an exciting sports event when you just can't be at home. m I! I Mill MIL \i jgjetamax| See what you've been missing! Enquiries: *****4
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    • 62 1 SHIPPING TIMES US dollar will continne to rise... 3 SINGAPORE Musical Society making waves again................. t MARKET review 5..................... 9 INTRACO makes headway 19 UNITED Motor Works remains 0ptimi5tic.........................—.... if FILIPINO bankers wins Asean Rankers golf title U SASAR calls (or government assistance 12 FLIGHTS i, TV AND RADIO f,
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    • 73 1 SENSUALLY.: RODOLFO \ALENTINO .Got/0t lower Groung f\ooi Ceot'f. T« ">*so9s« How to get to Tokyo and beyond the fastest way TOKYO Singapore (lights arrive at 0650 only a 6-hour f 45 minute Might tNEW YORK 7 flights a week Weekly departure to Sao Paulo and Rio De laneiro r l
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  • 903 2  -  By DAVID DODWELL FT A VICIOUS battle is being fought in northern Spain between militant Basque nationalists and unpredictable, trigger-happy police with tourism caught in the crossfire. This is particularly the case in San Sebastian, the capital of Basque culture, which envelops one of Europe's most
    FT  -  903 words
  • 353 2 COURSES AND TALKS 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 23-24: Project Financial Investment Appraisal. Hyatt Hotel, Price Waterhouse Associates July 26-27: An Engineer's Guide to
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  • 1085 2  -  Organised poaching activities have so depleted Sikkim's fauna that government authorities can't tell which animals are still plentiful, which are in immediate danger of extinction, or which are already extinct. By ARUN BHATTACHARJEE Depthnews TEN kilometres north-east of the first base camp at Kanchengjungha is an 86-km-long
    Depthnews  -  1,085 words
  • 464 2  -  By DOUGLAS STANGLIN UPI AMERICA Magazine must claim some kind of circulation record. It usually sells out in 15 minutes. A Soviet crowd, tipped by the voice of America or word of mouth, is already waiting outside one major news stand near Red
    UPI  -  464 words
  • Page 2 Advertisements
    • 119 2 This announcement appears as a matter of record only JULY 1979 APOLLO ENTERPRISES LIMITED (Incorporated in trie Republic of Singapore! Rights Issue of 16,000,000 Shares of Ssl.oo each at a price of Ssl.oo per share Managed and Underwritten by THE DEVELOPMENT BANK OF SINGAPORE UMITED Asian-American Merchant Bank Limited J
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    • 164 2 MITSUI TRUST Beacon of Progress Mt. :>T-' y- We are Japan's oldest trust bank and command a key position in the Mitsui Group. Our services are worldwide in scope. We have the research capability, a worldwide network and the best of personnel to serve you. In commercial banking, project financing,
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  • 1466 3  -  By DONALD F SINCLAIR The stock markets of the world had been waiting with bated breath to see whether Sheik Yamani who should be regarded as a modem version of a knight on a white horse after his efforts at the last few year's Opec
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  • Page 3 Advertisements
    • 281 3 Why Reduce r r v T V; 3 r :<~z >■ One of the most annoying problems in today's office work' is record filing. Oversize and otherwise difficultto-file documents cause endless problems in filing systems. Many items could be filed more efficiently if reduced to a standard size. The Canon
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  • RAW MATERIALS
    • 756 4 COFFEE: Robusta futures closed an extended final session on Friday at or near the day's lows after wide price fluctuations during the late call. Losses ranged from £42 in November to £85 per tonne in distant new July. Turnover was 13,698 lots including 20 options and around 4,500
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    • 168 4 RUBBER futures in London on Friday closed easier, near the day's lows, and with losses from Thursday ranging from 0.50 to 0.85 pence per kilo. Turnover was 10 lots of five tonnes and 473 lots of 15 tonnes including three kerb trades and 26 options. Mixed weekend trading near
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    • 879 4 AFP LONDON commodity markets showed a generally declining trend last week against a background of industrial recession and prospects of poor demand. Sterling's recovery after early falls also tended to upset the markets. Comments from the US on the effect of rising oil prices
      AFP  -  879 words
    • 174 4 CHINESE Produce Exchange, Singapore, noon closing prices per picul on Saturday: (MMMt ail: Bulk $130 sellers, old drum $135 sellers, new drum $1*) sellers. (•pre: Mixed (loose) UK Coal $82 00 buyers Pepper: Muntok ASTA while fob 100". NLW $327 50 sellers. Sarawak white fob 96'. NLW $312
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    • 670 4 IN CONTRAST to condition* several weeks ago wben the coffee bean price was moving up by leaps and bound*, the commodity last week headed almost continuously lower on lack of follow-throQgh baying and the appearance of more sellers. Commission houses and roasters were taking profit whenever they
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    • MONEY AND EXCHANGES
      • 252 4 Asian rates RATES were steady throughout last week. Trading was moderate with the weekend closing stronglybid. Periods were traded at the top of opening quotes on Friday with main interest in the Three and Six Months to close 1 16 per cent higher after news of a surge in US
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      • 21 4 THE average rale at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
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      • 155 4 TRADING was thin and quiet on the Singapore forex market last week as operators stayed on the sidelines pending President Carter's speech on energy. Opening slightly lower at SS2 1610 20. the US unit touched 2.1660 70 briefly on Tuesday but otherwise hovered around the 2.1620 30 level.
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      • 348 4 Source: International Discount Co, Ltd. OVERNIGHT money stayed at 6 to 6 1 per cent last Monday, a shade lower than the previous week. However, rates began to firm slightly, then continued to steady off at 7 1 < to 7 1 b per cent from midweek onwards.
        Source: International Discount Co, Ltd.  -  348 words
      • 127 4 THE KILOBAR market in Singapore on Saturdayopened at 5J20.228 and closed easier at $20,186 after trading between $20,228 and $20,179 in a quiet market, reports Singmas. Spot gold for London delivery opened at U*****.50 90 and closed at $288.90 290.30. In HONGKONG on Saturday, gold closed at US$2BB.BO 289.20
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      • 65 4 Source: Astley Pearce THE DOMESTIC money market last week started off on an easier note compared to the previous week but firmed in the latter part of the week to close at 7'« to 7 per cent. One, Two and Three Months all closed at 7 J to
        Source: Astley & Pearce  -  65 words
      • 48 4 FOR THE week ended Saturday July 14, the range of call rate received from from Short Deposits (M) Bhd was as follows: Bank fund: 2 per cent to 6 per cent. General fund: 2 per cent to 4.25 per cent. Movements of funds totalled $676 million.
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  • Page 4 Advertisements
    • 313 4 HOW JUST FIVE OF THESE MAKE THE NEW AUDI EXTRAORDINARY Famous engineers have recognised the advantages of five cylinders and have even gone as far as to say that five cylinders make a better mptorcar engine than either a "four or a "six IT'S SMOOTHER In fact, the firing order
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  • OVERSEAS
    • 592 5 AFP THE SALE of Indonesia's liquefied natural gas (LNG) to the United States will materialise because of the agreement by the California state administration to build an LNG receiving terminal there, a spokesman of the CNG project said in Jakarta yesterday. The agreement
      AFP  -  592 words
    • 243 5 AP LAKER Airways and British Caledonian resumed full DC--10 service to the United States on Saturday, and it was free champagne all the way on Laker's Skytrain flights to Los Angeles and New York. Every seat was reported booked on the wide-bodied DC-lQs, banned
      AP  -  243 words
    • 819 5 NYT AP AFTER an extraodrinary 11-day period of political introspection at Camp David, President Carter returned to Washington on Saturday night, still at work on a Sunday night television address that he has described as a vital turning point for the nation and his
      NYT; AP; Source: UPI  -  819 words
    • 274 5 AP INDIAN Prime Minister Morarji Desai on Saturday rebuffed a proposal by key supporters to resign and the revolt against him began to turn into a scramble to succeed him. Their 83-year-old leader continued to predict he would survive a scheduled non-confidence vote today or
      AP  -  274 words
    • 808 5 ARRIVALS Service Local Operator Number Time From GIA GA908 uoo MES THAI TG423 1125 BKK PAL PR501 1135 MNL RBA BI423 1200 BWN GIA GA982 1200 HLP SLA SQ240 1210 MES SIA SQ201 1245 HLP MAS MH684 1245 KCH MAS MH651 1330 (MES) PEN KUL SIA SQ61
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    • WORLD IN BRIEF
      • 452 5 Agencies VISITING Cuban Vice President Carlos Rafael Rodriguez said in Colombo that his country was consulting other non-aligned nations on the controversial issues of Kampuchean representation and a demand for the suspension of Egypt. Dr Rodriguez, on a fourday visit to Sri Lanka for discussions on
        Agencies  -  452 words
  • Page 5 Advertisements
    • 115 5 Classic furniture to light up the image ana prestige of your office Orchid office furniture are created to posh up the executive's office, the general office, the reception area and the conference room. All in designs combining functional and aesthetic values. Pick your choice or consult our interior designers for
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    • 193 5 Presenting 3S?sw* m m f I fV n It s s J> i tf i V fc A spectacular 7-member troupe which will entice von with sonqs and dances from glamorous Gav Paris! o SUPPER CLUB l*i line Shoutmie 10 iO pin DllM'l «I 111 I .lll« f lee MO
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  • REVIEWS
    • 1158 6  -  FOUNDED IN 1902 Billed as one of Singapore's most presitigious organisations, the Society now concentrates on the promoting of concert recitals. By PATRICIA GOH IN THIS month of July alone, there will be two dance concerts, six symphony orchestra performances, seven musical recitals, two
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    • 489 6  -  By LEE YOKE MENG DYLAN THOMAS has never been one of my favourite poets. Somehow, those multi-complex, highly profound works of his had never quite found their way Into my mind. Not his fault, of course, but the environments be depicted Just didn't seem
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    • 1293 7  -  In this, the first off a two-part article, KOH SEOW TEE describes the background to the famous Cremona International School of Violin-Making. KOH SEOW TEE VIOLIN-MAKING is both an art and a craft. Various schools of violin-making have been founded, each having
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    • 733 7  -  The Dog of the South by Charles Portis 245 pages. Knopf. US$B.95 Reviewed by CHRISTOPHER LEHMANN-HAUPT CHRISTOPHER LEHMANN-HAUPT NYT IT'S BEEN more than 10 years since Charles Portis published his last novel. True Grit, which came out only a year or two before
      NYT  -  733 words
    • 690 7  -  Reviewed by FRANCIS CHIN By General Sir John Hackett and others. No of pages:494 Sphere Books CAPTAIN Jack Liagtry, traap cwnmuder of a US teak sqnadran In Earape, was standing ta a rtmmaad past overlooking East Gennuy. Ia ttw light of dawn, be saw scares of
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  • Page 6 Advertisements
    • 81 6 The BANK to watch PACIFIC BANK You may not have heard of us. But you soon will. We've restructured. And we're taking off moving ahead to participate more actively in the growing economy of Malaysia. It won't be long before we become one of Malaysia's better known banks. PACIFIC BANK
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  • Page 6 Miscellaneous
    • 741 6 LEISURE TINE FILM SHOWS THE National Museum will be screening four colour films for students on Saturday at 10.45 am. Physiology and Physionomy of a Starfish, Invention of Photography, Parallel Bar Exercises and Migratory Birds of Africa are by courtesy of the French Embassy. Admission to the show, lasting about
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    • 37 6 BliStoW: Flank BickenS NCXiR MOORS \oMPCT Ttrop Do T Q Ti V£. J CPM-L THIS J r^zy n M sogßy, rng fy\X>£) .mc rucG£ PiND LOiPfcr TMRT IHSOLtNT e%PߣSSio*l VOuR rRC(L So TqR Pny LOST LOOK' *£4_A
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    • 1339 6 irdiKWwm Macbeth in early slot IT'S a pity we will all be at work this afternoon because RTS is screening Macbeth at 3Jspm In its pre-examiaatioa Ragiuh Literature series, lids is Roman Polanski's version and it will be played by actors like Jon Finch, Fraacesca Annis, Martin Shaw, John Stride
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  • Page 7 Advertisements
    • 151 7 HOW TO ENTER THE WORLD OF INTERNATIONAL FINANCE. 'V >* fc. J? v.* SSL w V £.}sr J **!%}> The world of international finance is tough and very competitive. Enter it prepared. First, you should choose a bank you can trust. Like IBS International Bank of Singapore. IBS has the
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 199 8 JULY 13 Fls abn 326 00 -13 Ahold 90 70 -04 Akzo 27 40 unch AMEV 8950 unch Amfas 111 70 0.5 Amrot Bank 67 30 -a3 Bergoss 54 30 -02 Berk 96 00 -0.5 Bols 6350 -\2 Borsumij 160 50 -02 Burhmann 6300 02 Byenkorf 69 50 0.5
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      • 257 8 JULY 13 Frs CORBEILLE Air-Llquide 415 3-5 B S N Gervals Danone 641 1 C S F (ThomsonCsf) 359 90 -31 Cle Francalse -4.5 des Petroles ***** Compagnie Flnanclere Compagnie unch Generale 349 Credit Foncter De France 472.50 05 Hachetle (Llbrairle) 228 50 unch Machines Bull 55.80 1 Mlchelln
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      • 189 8 JULY 13 Francs Actions Sulsses 283 unch Alusulsse Br 1265 55 Alusulsse Reg 498 10 Brown Boverl Br 1845 5 Ciba Geig> Br 1235 unch Clba Geigy PC 9B5 10 Clba Gelgy Reg 870 3 Credit Suisse Br 2190 -5 Credit Suisse Reg 425 1 Elektrowatt Br 2000 -5
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      • 231 8 JULY 13 Dm Aef-Telefunken 50 00 unch Akzo 24 70 01 Allz Leben 130 00 unch Allz Vera ***** 01 BASF 135 30 1.1 Bay H T Wbank 246 00 2 Bay Vbank 200 00 Bayer 124 DOB BBC ***** 2.3 BMW 175.80 0J Cassella 340 00 Chem Verw
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      • 92 8 JULY 13 Fr* FORWARD MARKET Acec 300 A Arbed 2585 -15 Aslur 586 unch Bnacan 596 -16 Bru-L&mb 1800 unch Canpac 854 -18 Cock 486 -4 De Beers 243 -4 Ebes 2180 -10 Electrobel 6850 50 Gb-Inno-Bm 2586 -20 Gev 1212 -4 Ho bo It 2835 -205 Petro 5070
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      • 108 8 JULY 13 Lire Anlc 30 -325 Assoc Gen ***** -00 HAS Log I 740 5 Central* 5180 65 Flat 2M0 25 Flnstder ISO 2 Gen Immob 80 75 0 2b IF1 Prl 2300 *20 Italcementi ***** 25 Italgas 734 75 -02b Italsider J81 unch Magnet) M Pf ***** unch
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      • 1240 8 NEW YORK THE stock market stretched its losing streak to a fourth session in active trading on Friday as investors awaited President Carter's energy message set for last night. Not since mid-April had the market declined four sessions in a row. Friday's drop
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      • 226 8 JULY 13 c% Abltibi 17* Alcan 39s Algoma 26* Bank Mont 24* S Bank Nova Scotia 24S unch Bell Tel 21* Beth Corp BP Can Ltd 26\ Brascan 22* Camp Red Lake 21V, Can Imp Bk 27 Canpac 31H -4 Canpac Inv Pf 16* B Carling O'Keefe b\ unch
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      • 318 8 JULY 13 Rand INDUSTRIALS A Alpha unch A be rcom no unch AE And CI 415B AMIC 1400 unch Barlows MO 8 Cg Sugar MS unch CNA 240 *5 Curne Finance 90 3 De Beers Ind 1650 -25 Edcon 320 Edgars ***** Eveready Fed Volt 190 -3 Fuglt 120
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  • Page 8 Advertisements
    • 663 8 \:[?:;-"]+[!"}?$&{}?>&[=<$_|="* Where to wine, dine and entertain Si injcso Seafood w V SV n 3 I N J > rkpit fholrl I i House A ah Everyday is a big house affair for us Because each day is another new opportunity to perfect our service to you Service by which
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  • MARKET REVIEWS
    • 761 9  -  LONDON By GERALD COLVERD THE MANNER in which international exchange and stock markets react to President Carter's plans to defend the dollar and the US economy against the energy crisis will determine action and opinion in the Autumn months of the year. We are all, momentarily,
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    • 503 9 f K.LUMPUR EXCEPT for a handful of counters, all was quiet on the Kuala Lumpur stock market last week as traders withdrew further into the background to wait for newleads to surface. Prices not only lacked range but also direction and volumes dwindled in the
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    • 282 9  -  Week ended July 13 Compiled by Violet Chow SCRIP ISSUE J*iuui Tta Dredging Berfcad: Rights issue of 1,360,000 new ordinary shares at MSI each in the proportion of five-for-one. Negri SemMUa OU Palme Bonus Issue of three-for-two. OTHERS Trattera (M) BM has informed the SES
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    • 947 9  -  SINGAPORE h i By CHAN BONG SOO TRADING conditions at the Stock Exchange of Singapore were much subdued and the trend more stabilised last week against a rather mixed news background. On balance, prices finished little changed from where they were the week
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    • 428 9 r < NEW YORK L 4 NYT IT WAS all down hill for the stock market last week, after a Monday that saw hopes as well as prices and volume soar. A sustained rally it was not to be, as each day the Dow Jones
      NYT  -  428 words
    • 308 9 r TOKYO AFP THE TOKYO stock market suffered the year's second worst weekly fall last week amid uncertainties over the outlook of the national economy. But the market wound up on a strong note on Saturday in a rally, after a steep setback sustained in the
      AFP  -  308 words
    • 411 9 SHARE prices closed sharply higher in active cheap buying on Saturday in reaction to the sharp fall yesterday, dealers said. The Dow Jones average rose 46.43 to close at 6,155.73, with volume 260 million shares. The Tokyo Stock Exchange index closed at 437.30, up 2.17. Energy-related issues,
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  • Page 9 Advertisements
    • 94 9 TROPI-COOL AIRCONS take pride of place among the best TROPI-COOL car airconditioners are Americandesigned and engineered specially for the tropics. There are none better for the price. Tnopi-cooL Alf»-cOND»TIOHER s 1 year warranty Robust YORK or ABACUS Compressors In-dash and under-dash models available Superb back-up service •m gmm ft iii
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    • 177 9 The international bank with your interests at heart. Dai-lchi Kangyo Bank is Japan's largest bank. Total assets of 73 billion dollars. But our size doesn't make us impersonal. A worldwide staff of financial experts ready to give your project their individual attention. And we have your interests at heart. B
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  • COMPANY NEWS
    • 722 10 EFFECTIVE cost control was a significant reason for the profit recovery shown by United Motor Works (UMW) last year. If this is maintained during its current year ending Dec 31, and if the firmness in trading conditions indicated so far continues, then UMW appears to be in
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    • 411 10 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Chin Tech 8% I Jun 26 Jul 6 Jul 16 8% 8.3%<a) F Merlin 25% I Jun 4 Jun 15 Jul 16 2.5% B Kawan 5% I Jun 11 Jun 21 Jul
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    • 111 10 Company Particulars Ex Date Books Close Oriental Hldgs Bonus Issue of 8 for 5 Jul 4 Jul 16 Yeo Hiap Seng Bonus Issue of 1 for 3 Rights Issue of 1 for 3 (a $2.25 per share Jul 24 Jul 31 Spore Glaaa Bonus Issue of 1 for
      111 words
    • 276 10 NEGRI Sembilma Oil Palms (NSOP), whch Is proposing a three-for-two bonus issue, is confident that the past year's group pre-tax profit of Mf1.71 million will be satisfactorily maintained in the current year ending Dec 31, lf7t. This forecast, made hy chairman Goh
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    • 70 10 OVERSEAS lBi*o Buk announced that 99.58 per cent of its recent rights issue of one-for-six at S2 per share has been taken up. Applications for excess shares received amounted to 1.99 million shares as against the balance of 54,188 shares available. MALAYSIAN T»bar<-« Cm Bhd: Interim dividend 10
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    • 790 10 POISED FOR BETTER DAYS WITH ITS marketing efforts making inroads into West Asia and the Indian sub-continent, Intraco Limited appears poised for greater success in the current year ending Dec 31. Intraco should be seeing the fruits of its labour in Iraq, Saudi Arabia, Turkey. Sri Lanka,
      790 words
    • 2733 10 Gr'a Gr'a Net This Year Last Div Div Y'ld P E Vol Week High Low Company Sale or- Cvr ('OOOl High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 223 3 150 22 6.7 114 4 223 222 190* 123 Aleom 172 100 15 58 229 142
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  • Page 10 Advertisements
    • 113 10 A PENGUIN torn c J-°ckw 0rk kange V* •sft X 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
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  • MONDAY SPORTS
    • 1054 11  -  What's in a putt? By TEO TECK WENG A FILIPINO bank president yesterday strolled to an easy victory in the Asean Bankers Golf Tournament held at Singapore Island Country Club's New course. Competing in a field of only 24, Kalaw Edgardo carded
      BT pictures by WAN SENG YIP  -  1,054 words
    • 883 11 NYT WIMBLEDON is receding into memory now that the British sporting scene shifts to a new venue for the opening this Wednesday of the 108 th "Open Golf Championship." A field of 152 is entered for the tournament that runs through Saturday at the 83-year-old
      NYT  -  883 words
    • 143 11 AFP SOITH African Wayne Player made certain of joining his famous father Gary In the British Open Golf championship at Royal Lytham and St Annes this week with a superb performance in the qualifying rounds on Saturday. Wayne, a 17 yearned amateur, shot a second round
      AFP  -  143 words
    • 604 11  -  By RONALD KOW THERE WAS a time, not so long ago, when soccer-hungry Singaporeans liked to ask two big questions why cant the National Stadium be made bigger to hold more people, and why doesn't the Football Association of Singapore organise an annual international tournament,
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  • Page 11 Advertisements
    • 112 11 n Draw a crowd to a sale or sell a drawing of a sale. Leisure Times is right on target For as little as $15, you can sell a house, fetch a good price for an antique or talk about that cozy Italian restaurant you have just opened in Leisure
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  • 549 12  -  By RAHIM KASSIM THE Government must < help the Singapore ship- I building and repairing industry if the millions of dollars already invested are not to be swept away by the rising costs of j production. The Government's new I wage policy to encourage i
    549 words
  • 471 12  -  By FOO CHOY PENG MORE than 150 Asean industrialists will meet on Wednesday to discuss ways to strengthen the role of the Asean private sector in regional industrial and economic cooperation. The meetings, to be held in Manila, are organised by
    471 words
  • 153 12 THE current shortage of timber is not the result of uncontrolled export of Malaysian timber, Dr Sulaiman Daud said. He told the Dewan Negara the real reason is the drastic increase in timber products such as sawn timber and plywood. Replying to Senator Raja Datuk
    153 words
  • 223 12 CATHAY Pacific will introduce its fourth weekly nonstop service on its Hon gkong-Pena ng-Singa-pore route from Aug 9. Mr David Turnbull, Cathay Pacific's manager in Malaysia, said that "increasing tourist traffic between Hongkong and Penang has made a fourth service feasible." "We are confident that Penang
    223 words
  • 131 12 UPI MOST of an estimated 30,000 Khmer Rouge refugees in Thailand have slipped back into Kampuchea to fight Vietnamese forces which are hampered by heavy monsoon rains. Thai military officers said yesterday. Khmer Rouge guerrillas meanwhile stepped up attacks on the border town of Poipet in an
    UPI  -  131 words
  • 61 12 INDIAN Prime Minister Morarji Desai resisted pressure from key supporters to resign in the face of a revolt in his party last week. Mr Desai (right), 83, is shown at a meeting with Janata Party president Chandra Shekhar and Defence Minister Jagjivan Ram (left), 71, who
    Source: AP photo  -  61 words
  • 170 12 THE US Treasury Department has decided to reject domestic pressure to impose countervailing duties on the import of textiles and men's and boys' clothing from Malaysia. According to reliable sources, the Treasury Department made this decision following an investigation which found no evidence in
    170 words
  • 116 12 UPI A TOP Chinas* military official was quoted yesterday as spying China has decided to increase its military budget as a resalt of the recent SinoVirtnamese border conflict. He said China will confront the Soviet-Viet-namese hegemony headon rather than pursuing a compromise, and will readily
    UPI  -  116 words
  • 346 12 AFP FEARS of a massive across-the-board increase in the cost of living are sweeping Thailand following last Friday's oil price increases of between 40 and 67 per cent. Government experts and economists estimated that the cost of living would go up by between 11 and
    AFP  -  346 words
  • 380 12 THE government and universities must set up a high-level committee to encourage cooperation in research and development. Associate Professor Cham Tao Soon of the engineering faculty of the University of Singapore said such a committee is a prerequisite for joint action by the two bodies.
    380 words
  • Page 12 Advertisements
    • 79 12 THE ASEAN REPORT i\i rn (in two volumes) 8 1 S3 Jj Muw^oiW JV bnpfc w rdmw* 00 Author: Thomas W Allen Edited by: Barry Wain Publisher: The Asian Wall Street Journal 1979 As reviewed in the Business Times issue dated 18th June 1979 PRICE: S$275A pe, set (free airmail
      79 words
  • Page 12 Miscellaneous
    • 60 12 IWffAT-HERI Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally fair. Report for 24 hoars prior to 7.31 p.m. on July 15 at the airport. Maximum temperature 30.1 Associated humidity 70 Minimum temperature 23.3 Associated humidity 96 Hours of sunshine 5.90 Rainfall in millimetres Trace Total rainfall for
      60 words

  • SHIPPING TIMES
    • PORTSIDES
      • 82 13 AFP ABOUT 700 shore-based employees of Bangladesh Shipping Corporation on Saturday called off their fortnight long strike following assurance from authorities to consider their demands for higher pay and allowance. The employees joint action committee which called for strike from July 2 had asked its members to resume
        AFP  -  82 words
      • 73 13 UPI INDIAN Naval Reconnaissance Aircraft and Maritime Patrols launched a massive search on Saturday to trace the 1,000-ton bulk carrier Kairali missing since July 3. The Press Trust of India news agency said the ship, which left Marmagoa port on the Arabian sea for Djibouti in the
        UPI  -  73 words
      • 91 13 AP FIRE was raging out of control aboard a 1,354ton Greek freighter near the island of Tavolara off the north-eastern coast of Sardinia, Italian maritime police reported on Saturday. All 17 persons on the Klearchos 14 crew members, two women and a baby boy were unhurt, police
        AP  -  91 words
    • 534 13  -  By GOH ENG KEE NORWEGIAN shipowner, Leif Hoegh and Co. A/S has placed the first of two 29,900 deadweight tons (dwt) multi-purpose cargo liners on its round-the-world service under Hoegh Lines. The Hoegh Clipper, began her maiden voyage in Japan on May 24, and is scheduled
      534 words
    • 160 13 UPI WESTERN grain origins dominated still quirt end week fixing in terms of bath voyage and timecharter business. Continental grain provided most of the newly reported time-charter business by booking three July vessels in Sonth America for trips to the Mediterranean. These included the 28,824 dwt Eleraata
      UPI  -  160 words
    • 244 13 Reuter DEMOCRATIC congressman John Murphy unveiled legislation for a US national maritime policy, including a "fair share cargo provision", calling for a 40 per cent share for US flag ships in American foreign trade. The new bill, drawn up by his Merchant Marine and Fisheries
      Reuter  -  244 words
    • 98 13 Reuter THE total volume of world laid-up merchant tonnage during may fell sharply to 532 ships of 24.2 million dwt against 551 ships of 27.4 million dwt at the end of April, the General Council of British shipping said. This comprised 163 tankers of 19 million
      Reuter  -  98 words
    • 1590 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 of
      1,590 words
    • 551 17 SklppiagUae Page (M ACS n 5 Afea IV 3 Agonave V 4 Alpac IV 5 Angkutan V 2 ANL i 1 APL m 2 Arya Nat n 5 ASCL m 5 AustCont IV 5 Bank n 5 BBS n 2 Ben Asia m 3 Ben ra 3 Ben Ocean
      551 words
    • 1447 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Autho. rity's premises during
      1,447 words
    • 519 18 REPRESENTATIVES of the Far Eastern Freight Conference (FEFC) are to meet officials of the TransSiberian Railway (TSR) to discuss a joint approach outsider competition on the Far East route. The FEFC has been increasingly concerned by the activities of outsiders on the
      519 words
    • 343 18 AFP MALAYSIAN rubber shippers are willing to consider extending the time limit or renewing the Separate Merchants Agreement (SMA) when it expires in August next year. However, provisions in the next SMA with the Far Eastern Freight Conference (FEFC) must be slightly different in
      AFP  -  343 words
    • 554 18 SPECTACULAR growth in the population and economy of the Sunbelt states of the US, coupled with the burgeoning oil based trading pattern of Mexico are giving renewed impetus to the Europe Gulf of Mexico run. Last week, Atlanticargo, the joint venture operation between Finnlines and
      554 words
    • 120 18 THE pert af Cardiff's established links with the Par East have bees toasted by lilM Thai Shipping Carp's declaim U make regular calls at the part in a jaint service with Malaysian Internatianal Shipping Carp. The twa lines, bath members af the Far
      120 words
    • Article, Illustration
      409 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Orkid (after Kuznica hauls and S.A. Vergelegan sails must head west for UTM/L) (D/L) 33/34 Dong Yun (after Anchan 89 Dove (Tanker) after Rezekne (P/o) (Subject Gas Free) 15/16 Kim Ann (Passenger) 1600 29/30 King Luck (after Golden Eagle) 23 Kuznica
      409 words
  • Page 13 Advertisements
    • 680 13 a st class transport Agents: Nedlloyd EAC For further details, please refer to page 3 [ScanDutchy| A R 1)1 NT AN I AH Orient Overseas Cwlcm&i Line FULLY CONTAICRISED SERVICE TO EUROPE (Vl* SUEZ) IXRCATOR 12* ORXNTAI C*F ISW S S£AS BftDGE 22* CHMA CONTANXR 2* IXPTWX CORAL. 1«N CtXVALER
      680 words
    • 227 13 sail 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 SERVICEi Vessel S pore Loading for H BN AL ROOM I 19 7 8N ALABBAR 21 7 Dubai (31/7) Dammam 2 8). Kuwait
      227 words
    • 385 13 NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE P AtunHarte 17 My *«t 22 My 8 Aug 1 tj{ 17 12 Aug ?8 tag Aug 3 Sept 74 tu( 10 Scot 30 A* 16 Sect RCATOR Swm 17 4 Aug O*F~ 21 Wy 22 My 1
      385 words
    • 911 13 1 L NedNoyd Lines r Call us We call the world Agents: Nedlloyd EAC Please refer to page 3 MAERSK LINE Fdr US Pwfcc PxAc North West Gutt t Atlantic East Canada and Meiico -Also accepting tor Hongkong Taiwan Japan and Korea) FVLLT COMTMOBQ) FAST feeder mm Mother Vessel Kirt
      911 words

  • Page 14 Advertisements
    • 1101 14 FULLY CONTAINERISED TO EUROPE Spore PRelan» H bw| Btuncfl Rdam Antwerp 98 11 8 17 8 17 8 19 8 20 8 24 8 26 8 27/8 3 9 5/9 6/9 11 9 13'9 14/9 18 9 20 9 21 9 2* 9 ?6 9 27'9 22 9 24 9
      1,101 words
    • 405 14 lamer MucSca barber blue sea rom: US ATLANTIC US GULF I EAST CANADA 1 I Timer B*WfT«m6er|f Bjrtxt PrtwuJ Tjfem*i Lin An{des Cristobal lartMrMucSca To: CANAOA/USA Pacific Coast 15-W 7 30-2/1 Ml sem contaks SERVICE (HEAVY-LfT CAPACITY 200 TOHS) To: DUBAI DAMMAM. KUWAIT ABU DHABI BAMAM BANDAR SMAHPOUR TELENDOS Voy
      405 words
    • 691 14 EVERGREEN LINE r FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE 1 ACCEPTING CARGO FOR HAMBURG. FELIXSTOWE. ROTTERDAM ANTWERP. LE HAVRE ALSO ACCEPTWG CARGO FOR UNITED KMGDOM SOUTHAMPTON LONDON MANCHESTER BIRMINGHAM BRISTOL LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BREMERHAVEN HOLLAND AMSTERDAM S pan Hm*>| Fifaitov* »oM(td*i Antwerp U Hivrt E<« Vktgry 17 M
      691 words
    • 1058 14 Everett Lines! j m Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON SmtJpoie .21/30 JutT J IM, WA B F S S C Agents m Motoyvo TEPS MALAYSIA Port Kelong Tel (38J-7355 Peoong Tel *****/***** Compania Argentina De T Navegacion Intercontinental S. A. C.I. F. vpjT/ "ARGENTINE
      1,058 words
    • 747 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 ISf SANKYO LINE AUSTRALIA SERVICE P Kelang Singapore Loadmg tor YUI RIVER 21/22 July 19/20 My FRO*. ADEI. MEI YUE MAN 27/29 My 30/31 My BRtS. SYD
      747 words

  • Page 15 Advertisements
    • 1041 15 Overseas m u J M Containers Limited Weekly service to/from UK/Europe To UK/Continent BenaMer Hamburt Eipress Bena.or Tokyo Bay Caufcfan Ba. To* 10 Eipress Rtm Mnu Kasufa Maru Osaka Bar Benalder H burt 0 mart Brem 9 Aut 11 Aut 17 Au( 19 Aut 24 Auc 26 Aut 3 Sep
      1,041 words
    • 1001 15 GRANARD LINE RELIABLE I DEPENDABLE NOW-CONFERENCE EXPRESS SERVICE WEST BOUND-FAR EAST/MEDITERRANEAN M V MAN FUNG V 2IW. Sport P.Xriang Pnung 30 M M MAN KM V 29* 17 Auf M V KNONG FUNG V 30W.. 31 Aug All VESSELS ACCEPTING CONTAINER CARGO l«Mah P Said Aleiandris/ Beirut lattakia Pireauv P
      1,001 words
    • 503 15 TK BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE WITH LIBERTY TO CAll AT HO Sl* PORTS SPORE *****4 R LUMPUR *****4 P KEIANG 6521 PENANG ***** BEN ASIA CONTAINER SERVICE IBENBULK f BULK SERVICE FOR TIMBER AND PLYWOOD TABOtiO 22 2* Aug Samprt 25.27 Aug I Cals Samprf 2t
      503 words
    • 420 15 Scan Dutch 9 umHi .'j i i.HI: i>l .7iu >] i? WEEKLY EXPRE 1) MaAno StocilMkn 0* Hi* 2) Cepeidufen Aartuis 3) Bremen 4) Antwerp Aimteidam UK Bwcetm. Gema Bade. Bordeaui AU IB muk acceptng fa/fa eitermeAite cargo HengAeiig I lap* CONVENTIONAL SERVICE TO EUROPE R dam H burg Oslo.
      420 words
    • 852 15 r BOUSTEAD AGENCIES THE BANK LINE LTD. LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobile, Houston, Galveston) Sintapore P Ketant Kuantan US GtJI LOUISC LYKES (loath) 24/25 Jul 3 Sep ELIZABETH LYKES (loads) 21/22 M 24 Aut HOWELL LYKES (loadt) «/9 Aut 14 Sept STELLA LYKES (loads) 15/16
      852 words

  • Page 16 Advertisements
    • 984 16 K LINE KAWASAKI KISEN KAISHA. LTD. MERtAIOR 1?W Sa.led 0 CHIEF 15W 71 July SS BRIDGE 22W 31 tut* C CONTAINER 7W 4 Aug N CORAL 14* 11 Aug TO EUROPE P Kelang I Havre R dam 17 Aug 22 Aug 21 Aug 22 Aug 10 Aug 1? Aug 15
      984 words
    • 939 16 .S.A./EAST CANADA SERVICE Penang Beiawin P Mang Singapore E.C./GREAT LAKES SERVICE LOAOMG FOR NEW TOW. NOKFOIK. MONTREAL TOKONTO Penang Belaoan P leiang Singapore WSHUA TEI" (Cab Cheat*) N/31 My 71/7J My 75/77 My VBHVA OHAMU" M/ 31 Aug 71/7» Aug 74/7 7A* CALIFORNIA/PACIFIC NORTH WEST SERVICE Loadng tar lOS ANGELES
      939 words
    • 508 16 So A(>roup SINGAPORE SHIPPING AGENCIES Pit LTD 20 T M FIOOH OCEAN BUILOING SINGAPORE 1 MARKETING 9'' 122 i 3 LINESI GENERAL 91 5111 (14 LINES) TELE* AS 2459S RS 2SS6B A B CARSMIP •C A BLE CARGOSMIP Ss. SINGAPORE ISLANDS USE MIPDI t UST RK.L LAR USER A SAFE
      508 words
    • 928 16 MA l AY Si AN IN TfRNA TIONAI SHIPPING CORPORATION BfRHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SC AN DINAVIA WESTBOUND: (eeder 'PKeUng Vessel Spore 1) Mseilles ?i Rdam 3) Hburg 4) Gburg I) Barcelona Genoa 2) Amsterdam Antwerp I Ha»re Bilbao Basle UK 3) Bremen Bremenhanen Aarhus Copenhagen Helsinki 4)
      928 words
    • 729 16 INTRASEA (PTE) LTD. Faber House 234E Orchard Road. Singapore 9 II Telephone **********4057 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S pore P Kelang Penang Loadmg lor: RATNAMANORAMA N842 Saied In Port Avon (UK)-Boulogne' FVMAR NB4S 22 M 24 M Boulogne Rdm Avon(UK) Agenls: Singapore MTRASEA (PTE) LTD *****11 BOOKING
      729 words

  • Page 17 Advertisements
    • 414 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG B GENERAL AGENTS. SUB-AGENTS: L.N. SHIPPING PTE LTD H.S.H. (M) SON BHD Tel: *****11 (Singapore) Tel: *****3/*****7 (KL) TLX R*****7 *****6 (PT. KELANG) *****2 (PENANG) CIDECO PTE LTD (SHIPPING DIVISION) SUITE 3602 HONG LEONG BLDG SINGAPORE 0104 Wholly owned subsdiar* ot Determents Ltd a
      414 words
    • 390 17 P.T. PTOJSAHAAN PELAYMAM ANGKUTAN PERTAMBANGAN TIC OUT SMGAPORE ROONESJA CONTAJO FEEDER SERVKE AUTHORISED BY NMNESU GOVDtfMENT WITH FULL CONTAVO VESSELS EACH CAM TIC 112 VESSEL TAMBANG VI TAX AM I ALSO ACCEPTWG CARGO FOR WDONESIA GOVERNMENT PROJECT ANO HEAVY MACHINERIES TAX AM M SINGAPORE LOADING FOR 30/7 JUT In Port
      390 words
    • 331 17 CEYLON SHIPPING CORPORATION National Line o« Sri Lanka WORLD LINE EDWSS KGULM SMQ MPMI. HONEKONE STINTS VESSEL S pore P MLANG TOM 1-44 M. 21/71 M 22/2) &UI SMMX 132 M. 21/22 M. 23, 24 SI to IMI 1-41 JM 24/25 M. 74/77 MM* LAKE LSI U 31 hq 1
      331 words
    • 406 17 SjICHINA OCEAN SHIPPING COMPANY UKC SERVICE P KELANG PENANG IOAWNG FOR •Tow im 25/27 My Rotterdam Hamburg Nanf Tetg 21/30 My Antwerp Rotterdam Hamburg FMh 10/12 Aug Rotterdam Hamburg, Bremen Ifr 25/26 Aug Rotterdam Hamburg Tiar S»*i 27/29 Aug London Antwerp Rotterdam Hamburg *bai* tang 25/26 Sept Rotterdam Hamburg MEDITERRANEAN
      406 words
    • 391 17 NOTICES M.V. ASEAN ENDEAVOI R ARRIVED *.7.71 PASIR PAN JANG WHARVES GODOWN St 3 Consignees of damage cargo ex the above mentioned vessel are hereby notify that the General Survey will be held on the 18th July 1979 from 0900 hours to 1600 hours No further survey will be held
      391 words

  • Page 18 Advertisements
    • 45 18 Regular Weekly Shipping (tug-barge) Service STORE—PULAU BAT AM (HDONESIA) ETD STORE —EVERY WEDNESDAY Additional saings subject to inducement Agents: S'pore Loth Agencies Pte Ltd 1104/1105, 11th Floor Golden Me Tower Beach Road Singapore 7. Telephone *****44 (3 Snes) Cable MARECON, SINGAPORE Telex RS ***** MACON
      45 words