The Business Times, 10 August 1979

Microfilm: NL10295
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C.(P) No. 141/1/7 J FRIDAY, AUGUST It, I*7l 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon US inflation shock
      85 1 Reuter. WASHINGTON, Thurs. Americans received another inflation shock today as the government announced an increase of 1.1 per cent in its wholesale price index in July after a gain of only 0.5 per cent in June. The jump in the index last month left it 10.1 per
      Reuter.  -  85 words
    • Article
      Lock icon Asean-India cooperation
      78 1 Reuter KUALA LUMPUR, Thurs.— The Association of South-east Asian Nations (Asean) standing committee will meet next week to discuss economic cooperation between Asean countries and India. The director-general of Malaysia's Asean office, Mr Mohamed Kassim Hussein, said India had already submitted a memorandum on the areas of cooperation
      Reuter  -  78 words
    • Article
      Lock icon North Sea boon
      74 1 Reuter. LONDON, Thurs. North Sea oil and gas are expected to add £7.2 billion (about 5535.6 billion) to Britain's balance of payments this year, £2.7 billion more than originally expected, according to Treasury forecasts. Higher oil prices were the main reason for the increase in official projections
      Reuter.  -  74 words
    • Article
      Lock icon Jakarta loan
      66 1 Reuter. JAKARTA, Thurs. The governor of Bank Indonesia, Rachmat Saleh, confirmed today that consortium of banks led by Morgan Guaranty Trust, Chase Manhattan and Industrial Bank of Japan would give a US$425 million (***** million) loan to Indonesia. The loan, carrying an interest rate of 5 4 point
      Reuter.  -  66 words
    • Article
      Lock icon Concordes grounded
      83 1 UPI. LONDON, Thurs. Four of the five supersonic Concorde jets in the British Airways fleet were grounded today by an unprecedented series of mechanical problems, which one official said almost seemed the work of "gremlins." "There are problems with four of the aircraft," said Mr Bill Stevens, a
      UPI.  -  83 words
    • Article
      Lock icon Wage increase
      58 1 Reuter MANILA, Thurs. President Marcos today ordered an increase in minimum daily wage of government employees from 10 to 13 pesos, the Presidential Palace said. Some 66,000 national government employees would benefit from the new increase, which was earlier granted to employees in private firms, it said. The
      Reuter  -  58 words
    • Article
      Lock icon Cost of living
      86 1 AFP WEST GERMANY, Thurs. The cost of living in West Germany was up by 4.6 per cent in the 12 months ending in July, the Federal Office of Statistics said today. This was the highest rise in four years and followed a 0.6 per cent increase in
      AFP  -  86 words
    • Article
      Refugee traffickers jailed
      58 1 HONGKONG, Thurs, Three local businessmen, who arranged the arrival here of more than 3,000 Vietnamese refugees on board the freighter Huey Fong last year, were today sentenced to seven years in prison and fined US$lO,OOO. They were convicted on a charge of conspiracy to defraud the government
      58 words
    • Article
      Lock icon Peace talk date
      57 1 Reuter. BEIJING, Thurs. China and Vietnam will meet in Beijing on Tuesday for the 10th session of peace talks, a Chinese government spokesman said. This means there will have been five meetings each in Hanoi and Beijing, leading to speculation among diplomats today that the negotiations might
      Reuter.  -  57 words
    • Article
      Lock icon Dow Jones
      57 1 AP NEW YORK, Thur. The stock market slumped this morning on news of a higher-than-expected rise in July's producer prices. The Dow Jones average of 30 industrial issues was off 3.84 points to 859.30 in the first half hour of trading. Declining issues led advances by a 3-to-2
      AP  -  57 words
  • Article
    Chief Price Changes
    106 1 KUALA LUMPUR Rises Indices N Iron 575 20 Aug 8 Auk 9 Malayan 1820 20 B.T Index 3353.06 3401.74 M Banking 695 15 Industrials: 421.03 425.72 New Sdah 324 14 Finance: 617.77 633.15 Kamunting 330 14 Hotels: 257.09 257.13 M Mosaics 161 11 Properties: 238.13 240.41 G
    106 words
  • Article
    Matthew Hall to set up in S'pore
    793 1  -  ENGINEERING BOOST By RUTH CHENG THE ECONOMIC Development Board (EDB) has started on the second phase of Singapore's investment drive by attracting one of the world's leading engineering contractors to set up operations here. The company, Matthew Hall Engineering Southeast Asia, will begin
    793 words
  • Article
    OCBC TO BEEF UP TRUSTEE BUSINESS
    169 1 THE Oversea-Chinese Banking Corporation (OCBC) group has acquired a subsidiary company to boost its trustee business as part of a move to strengthen the group's banking services. OCBC informed the Stock Exchange of Singapore last Wednesday that Bankers Trust Company (BTC) had joined the
    169 words
  • Article
    Papers to cost more in Sept
    349 1  -  *1 CHOO AI LENG NEWSPAPERS will cost between 5 and 10 cents more from next month. The price increase is unavoidable because of rising prices for newsprint and fuel. In addition, the prices of other materials such as ink, plates and chemicals have also
    349 words
  • Article
    Lock icon ASEAN'S NEW ROLE
    360 1 AFP THE Association of South East Asian Nations (Asean), which has now become an important political force in the region, cannot be brought back to its original position as merely an economic and cultural organisation, according to Indonesian Foreign Minister Mochtar Kusumaatmadja. The Association's political role came
    AFP  -  360 words
  • Article
    Three oil companies raise prices of petrol and diesel
    300 1 THREE ell etopuku will Imtmm their petrel aad ilycl price* by between 4.1 cento and 4.9 cento (ram today. The companies are Esse, Caltex aid BP. Shell and Mobil are expected to laereaae their prices tomorrow by a similar margin far
    300 words
  • Article
    Interest in Telecoms' cable TV
    358 1  -  By GOH ENG KEE A PRELIMINARY field study commissioned by the Telecommunication Authority of Singapore (Telecoms) has shown that Singaporeans are interested in subscribing to the cable television service which Telecoms plans to introduce in 1961 or 1962. The study, undertaken by the Applied Research
    358 words
  • Article
    Lock icon US-VIETNAMESE TALKS
    95 1 Reuter TALKS are taking place between Vietnam and the United States towards normalisaton of relations beteen them, Vietnamese State Secretary Nguyen Vo Thach said in Hanoi yesterday. Mr Thach said that last September Vietnam and the US had agreed on everything necessary to normalise their relation but then
    Reuter  -  95 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      22 1 SAFE WITH AN ITOKI SAFE BUSINESS MOCI—I SYSTHW(S)m.im 47 Podium Stock Gotdrxlt Plau. Ncwlon Road. Sinew* 11 Tat 2UISM* MK SUSNESTEMS 'Idmm
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      Page 1 Advertisements Column 2
      155 1 Braun micron It means more than a close shave With the Braun micron you get a good close shave, without having to go over the same patch of beard time and again. The secret of how the Braun micron gives a closer shave lies in the foil itself. In the
      155 words
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      Page 1 Advertisements Column 3
      60 1 itm SHIPPING TIMES NEW heverage makes debit APOLLO B«M gtm computer... THE regiea in fcrlef MALAYSIA may see mttwr recfd trade 5arp155................. CHRYSLER lays sff aaatfcer 4ytN vtfken MINORITY skareheMers sf Premlam drmsad EGM 11 CALL to review graats far eemmaaity wtiss 12 MEMOPAD t, FLIGHTS I, TV AND RADIO
      60 words
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      9 1 ==$.<|?!{<;=*_)<&.@_!-,,_-\/{_! TS CALVET the French Connection around the World. mm
      9 words
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  • TRADE AND INDUSTRY
    • Article
      Yakult beverage makes its debut
      525 2  -  By CHOO AI LENG A NEW beverage manufacturing company, Yakult Singapore, has entered the industry to compete in the fast-selling local market for cultured milk drinks. The newcomer is a 50-50 joint venture between Cerebos Singapore and a Japanese manufacturer Yakult Honsha. Cere bos Singapore
      525 words
    • Article
      Experts to take part in conference on China trade
      309 2 TRADE and investment opportunities in China will be subjected to close scrutiny during a two-day conference to be held in Singapore on Oct U and 12. The top-level conference will discuss the practical issues surrounding the economy of China. Special emphasis
      309 words
    • Article, Illustration
      Apollo Hotel's front desk operations go computer
      334 2 APOLLO Hotel has computerised its front office operations. It is the second hotel in South-east Asia, after Century Park Sheraton, to do so. Apollo's front office operations went on-line last month with the installation of an IBM System 34. Together with the software,
      334 words
    • Article
      NEW LIGHTNING PROTECTION DEVICE
      131 2 SEVERAL Singapore organisations are now using a newly developed lightning protection system made by an Australian firm, EF Australasia Proprietary of Hobart, Tasmania. The system, specially designed for industry and communication networks, is now used by the Singapore Turf Club to protect its totalisator equipment. Mr
      131 words
    • Article
      MEMO PAD
      467 2 COURSES AND TALKS April 30-Aug 24: Tuition Courses (or the Australian Insurance Institute Associateship, SITC, SITC June 22-Aug 18: Systematic training for effective parenting, Waterloo Street Centre, Dept of Extramural Studies Aug 13-27: Managing People At Work, NPB Town Training Centre, NPB Aug 22-23: How to Identify and
      467 words
    • Article
      Hertz to start a drive for more business
      133 2 HERTZ Rent-a-Car has launched a major promotion campaign in Asia and the Pacific Mr Kenneth Patteson, the regional director, said the advertising campaign is part of Hertz's expansion plan in the region. He said by developing an extensive franchise representation in major
      133 words
    • Article
      Seafarers conference
      70 2 THE Second Asian Seafarers Conference, to be attended by almost all major maritime countries in Asia, begins today. The conference will stress the need for a close dialogue between Asian unions and the International Transport Workers Federation. The conference, at Merlin Hotel, will be opened by Mr C
      70 words
    • Article
      Slump unlikely to hit Malaysia's electronics sector
      541 2 THE FEAR of recession in the United States and elsewhere is not expected to have any immediate effect on the electronic components industry in Malaysia despite the fact that it is heavily export-oriented and much of the output is intended for the US
      541 words
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      Page 2 Advertisements Column 1
      45 2 ranr y 11/ A D asN photographs combine with lucid, authoritative text to emphasise the tremendously difficult military problems encountered in S.E. Asia, and now in fact, the conflict still rages. hc* fll r*. Robinson's Bookshop (Clifford Centre Basement) Raffles Place, Singapore 1. Tel: *****
      45 words
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      Page 2 Advertisements Column 2
      104 2 1 THE COMPANIES ACT CAP. 185 EXETRON CPG PRIVATE LIMITED (Members' Voluntary Winding-up) NOTICE IS HEREBY GIVEN THAT FROM THE 4TH DAY OF AUGUST 1979 THE FOLLOWING RESOLUTIONS WERE DEEMED TO BE PASSED AT THE EXTRAORDINARY GENERAL MEETING OF EXETRON CPG PRIVATE LIMITED, PURSUANT TO SECTION 147(6) OF THE COMPANIES
      104 words
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  • REGIONAL
    • Article
      New method a boost for rubber output
      485 3 THE production of natural rubber in Malaysia and elsewhere will increase in the foreseeable future as puncture tapping becomes more popular. A number of private and public sector plantations are already are "experimenting" with the method. Applications fw patent rights to the various
      485 words
    • Article
      Pressure on Park to raise arms spending
      503 3 PRESIDENT Carter has persuaded South Korean President Park Chung Hee of to raise annual military spending next year by about US$5OO million (SJ2 billion) from currently budgeted levels. The rise is equivalent to one per cent of this booming nation's gross national product
      503 words
    • Article
      Lock icon Indian cotton shipment for China soon
      265 3 AFP. MAHARASHTRA state in India is to supply an unspecified quantity of short and medium staple varieties of cotton to China soon. Though the proposed shipment of cotton is meant for China, it was not a direct deal with that country. The Maharashtra State
      AFP.  -  265 words
    • The region in brief
      • Article
        Lock icon SUSPENSION CRITICISED
        482 3 Agencies. PHILIPPINE garment industry sources yesterday deplored the move of four countries of the European Economic Community to suspend exports of men's and boys' shirts from the Philippines. Business Day newspaper said Belgium, Luxembourg, Italy and the Netherlands had advised Philippine exporters to suspend shipments pending consultations with
        Agencies.  -  482 words
    • Article
      Taiwan to import more US goods
      135 3 OFFICIALB tram Mm gufc, aal dped eeatraeto wertb UB9SS Mini— (abaat S** mllllaa) tar tto aapply af Virginia tabaeea aid S2SMM fw (JeeMoJ aad UmMil eqaipmeat factored ia Virginia. Mr H K Sbaa, director general af Talwaa's BmH at Farrign Trade, said Talwaa plaaa
      135 words
    • Article
      Lock icon Deal accepted
      37 3 UPI CHINESE Vice Premier Deng Xiaoping has basically accepted a Japanese proposal to set up a joint venture that will produce radio and television sets, a spokesman for Matsushita Electric said in Tokyo yesterday. UPI
      UPI  -  37 words
    • Article
      Another record surplus likely
      517 3 MALAYSIA'S trade surplus thig year is likely to top that of last year and also to exceed the record surplus set in 1977. Malaysia accumulated a surplus of M 52,232 million for the first four months of this year as against $886 million for the corresponding
      517 words
    • Article
      A CAPITAL PROJECT
      162 3 SHANGHAI'S former capitalists have pooled funds returned by the government and have set up a construction company to build offices and apartments in the city. The Shanghai newspaper Wen Hui Bao said the Patriotic Construction Company had raised 40 million yuan (Ssss million) in capital so far
      162 words
    • Article
      Lock icon Japan feud over import of nuclear reactors
      327 3 UPI. AN intra-government feud has developed into an open issue over whether Japan should import Canadian-de-veloped nuclear power reactors to bolster its energy programme. Mr Masumi Esaki, Minister of International Trade and Industry (Miti), is in favour of introducing the Canadian reactor while
      UPI.  -  327 words
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      Page 3 Advertisements Column 1
      224 3 ■-9 n V SSi m m r m* AV.V.V. :•< C ">•*. +4i 'XCX w»s£ ia BL SJ* Ml mm 5* This little known side of us is a surprisingly big part of yourworld. From the places you work in, to the homes you live in, the Industrial and Commercial
      224 words
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  • RAW MATERIALS
    • Article
      RUBBER
      253 4 RU BBER THE Kuala Lumpur rubber market yesterday closed higher with September One RSS buyers quoted at 290.25 cents per kilo, up 1.75 cents from Wednesday's close, dealers said. Opening prices were about unchanged but thereafter values gained slightly on covering activity before fluctuated narrowly in quiet morning trading, they
      253 words
    • Article
      Closing prices
      26 4 Rubber: Aug 0 Singapore: Closed: Malaysia: September 290.25 cents (up 1.75 cents) Tin: M 51,925 (down $5) Official offering: 180 tonnes (up 10 tonnes)
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    • Article
      MRELB PRICES
      151 4 MRELB prices In cents per kUo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 291.50 292.50N 292.00 293.00N Int. 1 R.S.S. September 289.75 290.25 290.25 290.75 Int. 1 R.S.S. October 290.00 290.50 290.50 291.00 Int. 2 R.S.S. 283.75 284.75N 284.25
      151 words
    • Article
      S M R
      82 4 NOON SMR pi MRELB September October (Current Mtb) (Forward Mtb) Buyer* Seller* Buyer* Sellers SMR CV (i ton pallet) 319.50 321.50N 319.00 321.OON SMR L (i ton pallet) 319 50 321.50N ***** 321.00N SMR GP (i ton pallet) UNQ UNQ UNQ UNO 291.50N SMR 5 (i ton
      82 words
    • Article
      Palm oil
      69 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated. LONDON: Wednesday Malaysian 5% (fa bulk per tonne October November unch 645pd 650slr Sumatra 5% ffa bulk August September October November 857'*sir 657 1 i sir 655slr unch 667 'j sir 665slr 660pd 660slr Nigeria 5%
      69 words
    • Article
      Straits tin
      91 4 THE STRAITS tin price la Penug yesterday eased Mss to $1,125 a picnl, $25 ringgit below the International Tin Agreement ceiling. The decline was mainly dne to a correction to bring the Penang market more in line with lower London levels, dealers said. Steadier conditions In London on
      91 words
    • Article
      Rice
      314 4 BANGKOK: Yesterday's closing prices in US dollars per tonne F. 0.8. basis Bangkok): WHITE RICE: 100 per cent Ist class 373, 100 per cent 2nd class 358. 100 per cent 3rd class 353, 5 per cent 346, 10 per cent 333, 15 per cent 328, 20 per cent 323,
      314 words
    • Article
      LONDON MARKETS
      761 4 COFFEE: Robusta futures yesterday opened £9 down to £7 per tonne up with turnover 148 lots. The market opened quiet with Wednesday's small gains in New York offset by steadier sterling. Commission-house and local selling met light dealer buying but generally there was little feature reflecting lack of
      761 words
    • Article
      Hongkong Comex
      153 4 THE SUGAR futures market yesterday closed firmer with gains of 0.15 to 0.20 cents, dealers said. Trading continued the recent quiet trend with no trades registered, as on Wednesday, while the day's spot price rose 0.10 to 8.60 cents. Sugar futures closing prices: PffWtMS ClMißg Ctastag Sept 8.85/90
      153 words
    • Article
      Soybean
      165 4 CHICAGO soybean futures on Wednesdau staged a strong finish after opening weak and recovering in morning dealings. Prices posted gains of 11 V« to six US cents a bushel at the final bell. Support for nearbys was traced to exporter and commission-house buying of the august, which may have
      165 words
    • Article
      Wheat
      155 4 WHEAT futures in Chicago on Wednesday closed nine to six US cents a bushel higher. Traders said prices rose on technical buying by commission-houses and locals and on scattered commercial and professional support, they also noted a lack of Sizeable selling. Some of the buying may have been prompted
      155 words
    • Article
      Textiles
      195 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattaa yaim: China Blue Phoenix 20b 2.230; 32s 2.780 40e 3.000 (per bale of 400 lbs). Piece gMfe: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      195 words
    • Article
      Lock icon USSR is buying record wheat from Australia
      1133 4 Agencies. PROVIDING further support for predictions of a poor Russian harvest this year, the Soviet Union has engaged in record buying in the Australian wheat market, ordering 3.2 million tonnes worth about US$475 million. Both in the United States and Australia, the Soviet
      Agencies.  -  1,133 words
    • Article
      Lock icon Zinc stocks at peak level in June
      191 4 AFP. STOCKS of zinc in the industrialised countries rose to an 11-month peak in June, the International Lead and Zinc Study Group said. Deliveries fell sharpply in the 24 countries of the Organisation for Economic Cooperation and Development (OECD) due to the start
      AFP.  -  191 words
    • Article
      Duty rates
      87 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Aug 9 until further notice: Batter: 2921* cents a kilo; Capra: M 51,347.58 a tonne; Pain kerael: $965.75 a tonne; White pepper: $4,701.63 a tonne; Black pepper: $3,315.70 a tonne; The rates of duty payable
      87 words
    • Article
      Lock icon Jakarta's coconut oil
      119 4 Reuter. INDONESIA'S coconut oil imports are expected to decline this year to between 50,000 and 65,000 tonnes from 92,500 last year as coconut production increases and nearly twothirds of domestic palm oil production is diverted to domestic markets. Western sources in Jakarta forecast. Because of the long
      Reuter.  -  119 words
    • Article
      Lock icon Good move for tin producers made at London meeting
      370 4 AFP. THE SHOW of "greater unity" among tin producing countries at the recent International Tin Council (ITC) meeting in London has been described as a "big break-through for producers" by the Bolivian Charge d' Affaires in Kuala Lumpur, Mr Jorge Quiroga.
      AFP.  -  370 words
  • ASIAN STOCKS
    • Article
      Share prices fall in light trading
      484 4 TOKYO SHARE prices yesterday fell in light trading on late profit-taking after the market average hit a new record in the morning, dealers said. The market average fell 10.51 to 6,392.16 with volume 270 million shares. The Tokyo Stock Exchange index was 446.74, down
      484 words
    • Article
      Sydney
      351 4 A BIG increase in London buying pushed share prices higher, with minings and leading industrial stocks making solid gains, dealers said. Ansett initially fell sharply to AJI4S but recovered to close at 1.60 (or a net loss of six cents. BHP, however, rose 16 to 9.50. CSR rights, traded
      351 words
    • Article
      Lock icon Hongkong
      296 4 Source: SHK Sec Ltd. THE MARKET yesterday raced ahead in early trading, led once again by local and overseas institutional buying of Hongkong Land shares. Cheung Kong and G.I. Cement also posted gains despite going ex-dividend, while bullish (orecasts for A. Hotels saw them rise to 3.45. Hang Seng
      Source: SHK Sec Ltd.  -  296 words
    • Article
      Bangkok
      261 4 auo a Bahts Asia Credit Asia Fibre Ayuthaya In*. And Trust Bangkok Investment Bangkok Bank Bangkok Drying And Silo Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Ada Bank Of Ayudhaya Ltd 238 1«B 144 242 300 1108 572 231 in 238 unch -1 ♦4 42 unch 30
      261 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      220 4 QuarterlyEspecially for financiers, investors, shippers and traders in ASEAN. The ASEAN region is growing in importance everyday giants from the West and East alike are jostling with one another to shake hands with the bloc. And you need to know what is going on here. ABQ Ist Quarter 1979 This
      220 words
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  • OVERSEAS
    • Article
      DAILY AIRCRAFT MOVEMENTS
      709 5 ARRIVALS Service Local Operator Number Time From RBA BI421 0930 BWN MAS MH671 0945 PENKUL CPA CX710 1006 HLP GIA GA980 1030 HLP SLA SQ103 1100 KUL MAS MH605 1045 PENKUL GIA GA944 1055 PKU SIA SQ211 1045 HLP GIA GA908 1100 MES PAL PR501 1135 MNL
      709 words
    • WORLD IN BRIEF
      • Article
        Lock icon UK POLICIES RAPPED
        396 5 Agencies THE economic and financial policies of the present British government are likely to cause bankruptcies in companies that have committed investment resources in the past two years, Mr David Lea, assistant general secretary of the Trades Union Congress, said. Mr Lea, addressing a press conference to
        Agencies  -  396 words
    • Article
      Lock icon Concern over sale of critical technology
      418 5 NYT STRONG concern over what it called the "transfer of critical technology to the Soviet Union" in the form of computers, precision ball bearings, seismic equipment, oil-drill bits and other products was expressed on Wednesday by the executive council of the American Federation of
      NYT  -  418 words
    • Article
      Lock icon Ailing Chrysler lays off another 4,600 workers
      519 5 NYT Reuter THE financially troubled Chrysler Corp. its new car and truck sales continuing to falter, has disclosed that it had laid off an additional 4,600 production workers indefinitely, along with several dozen white-collar workers. The layoffs brought the number of hourly employees
      NYT; Reuter  -  519 words
    • Article
      Lock icon ITT settles illegal payment suit with US Govt
      439 5 AP THE International Telephone and Telegraph Corp (ITT) signed a consent agreement on Wednesday, to settle a US Government suit that charged the giant firm with making US$B.7 million (5519.1 million) in illegal payments to secure overseas contracts. As part of the
      AP  -  439 words
    • Article
      Lock icon CONSUMER PRICES UP INOECD NATIONS
      85 5 AFP CONSUMER prim mt by •J per ecat la Ike M-mem-tor cmutries at tke Orgaal ■attsa far Ee—Mif Cwper atlea ami DmtopOMat la Jim, hriaglag tke yeamiyear lacfeaae la 9.4 per eeat, OECDaaM. Tke •rgaataattaa saM tkat tke atarp rlae ia eaergy prices aeeeaated largely
      AFP  -  85 words
    • Article
      Americans reject charges
      99 5 THE United States firmly rejected Israeli charges that its Middle East policy had shifted in favour of the Arabs. Secretary of State Cyrus Vance, in an unusual public reaction on Wednesday, said: "I want to state categorically that there has been no change in our policy towards
      99 words
    • Article
      Lock icon US corporate proxy rules to be revised
      290 5 NYT AMERICA'S Securities and Exchange Commission (SEC) voted on Tuesday to propose revisions in the rules governing corporate proxies, in an effort to give shareholders a more meaningful role in corporate voting. After an extensive debate, the SEC agreed to propose for public
      NYT  -  290 words
    • Article
      Lock icon 'No' to protectionism
      145 5 Reuter THE International Monetary Fund (IMF) said an early reversal of protectionist trends is needed if world economic performance is to improve. In its latest annual report on Wednesday on exchange arrangements and restrictions, the IMF said the growing restraints on imports imposed by developed countries were
      Reuter  -  145 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      364 5 m TBB tsraei,^mtfirat M a ruthless f** efsex vtoienct terror Hamlyn Paperbacks TH E H EIR —by Christopher Keane When oil was discovered in a small desert sheikdom, the dogs of war begin to gather and Rama Khan's homeland falls prey to giant corporations and hired mercenaries. Accustomed to the
      364 words
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  • Article
    Blind faith is not healthy
    359 6 A DISTURBING pattern is emerging in the relationship between the Government and the private sector. Increasingly, the Government is becoming the primary force behind every significant initiative and decision that decides the future of the private sector. The trend has developed to a point where
    359 words
  • Article
    Companies should also chip in
    290 6 THE Government has always maintained a strict philosophy of helping financially only those who are willing to help themselves. And for people well able to help themselves, they are left to themselves, the Government preferring to remain on the sidelines to encourage and perhaps shout
    290 words
  • Article, Illustration
    Lock icon Respectability in Argentina
    738 6  -  By SPENCER ADAMS FT ARRIVING at Ezeiza, Buenos Aires' recently modernised international airport on one of Aerolineas Argentinas' new 747'5, may be an appropriate first view of the "new" Argentina. After so many well-chronicled problems that the military junta under General Jorge Videla had to face on
    FT  -  738 words
  • Article, Illustration
    Lock icon Traffic in paradise
    1086 6  -  RELIEF IS ON THE WAY By DIANA SMITH FT ONCE upon a time, there was a tropical paradise nestling between ranges of cone-shaped hills, sparkling bays and the blue, southern Atlantic. It was called Rio De Janeiro. In that paradise, citizens dwelt in brightly-painted houses surround by
    FT  -  1,086 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      122 6 z-iir 'JA =g-z&m Mutt* tfmi Ufi *M m m™W i«l!ta.»ylUi.*.V-< Draw a crowd to a sale or sell a drawing of a sale. 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
      122 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1358 6 TV RADIO Fireworks and parades IF yM really mimed Mt having a live telecast of the ptrades yesterday, yen will get a taste tf It tsday. Prom 8.15 to the News, RTS will teleeast aa edited raaadap ef the varleas parades sad the flrewerks display. It's a ranch msre seaslhle
      1,358 words
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  • Article, Illustration
    Lock icon Planning for the Emirates
    883 7  -  In the beginning, nobody in the United Arab Emirates wanted to talk about economic planning. So now they are faced with overdevelop -ment. MARVINE HOWE reports MARVINE HOWE NYT IN SPITE of their oil wealth and one of the highest per capita incomes in the world,
    NYT  -  883 words
  • Article, Illustration
    Lock icon The Indian king-maker
    640 7  -  Until recently he was disS missed as a court jester and a buffoon. Today his many admirers refer to him as Netaji leader. By KHUSHWANT SINGK NYT THE WHIRLPOOL of Indian politics, which has sucked down many celebrities into oblivion, has also hurled the most bizarre of
    NYT  -  640 words
  • Article
    A call for committment to a way of life
    873 7  -  FORUM i With OUEK PECK LIM ANNIVERSARIES are always a good occasion for reflection and resolutions. This year, there is more to think about than there has been for many years. Amid the bustle of a nation preparing to ascend to
    873 words
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      Page 7 Advertisements Column 1
      320 7 Wfe have a history of making money grow Lombard North Central is part of P M one of the world's largest banking groups and we have a history i;j covers more than 100 years. K f We offer a range of deposit J7fl|| fll schemes which will produce maximum T
      320 words
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      Page 7 Advertisements Column 2
      253 7 I i.saj.'"' >SK Word power: Edward de Bono 265 special words are covered here. This big new book from de Bono, author of Lateral Thinking, makes available for the general reader an invaluable store of the vital words which form part of the living vocabulary of every thinking man. 4
      253 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      26 7 BriStdW JVankDicteGS Meßve or Tuevr or ours KNOcO H€JS SPMN& UP To Ger mpißßieD But tm»s is Ridiculous GENTLtMEMS CLOMCROOM O /WASM **»0 lißuf* L 'Op
      26 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        264 8 AUG a Frs CORBEILLK Alr-Llqulde 481 unch B S N Gervals Danone 705 -7 C S F (Thomson Csf) 416 unch Cle Franchise des PtUolej 188 -1.5 Compagnle Financier* Compagnle 353 11 Generate Credit Foncler De France 477.50 -13 Hachette (Llbralrle) 220 -1 Machines Bull 80.75 -0.15 Mtchelt/i (B)_
        264 words
      • Article
        Amsterdam
        189 8 AUG 8 Fls ABN 344.00 4 J Ahold 80JO 1 Ak«o 28.40 -01 AMEV 06 JO 0.4 Am fas 11X00 unch Am rot Bank 73.00 1J Bergoss Berk 58.00 M JO unch unch Rnl« 0J BorsumlJ 172.60 ■♦■0.6 Burhmann 62.70 >a7 Byenkorf 72.50 40J Calve Delft 180 JO unch
        189 words
      • Article
        Frankfurt
        197 8 AUO t Dm Aef-Telefunken 45.00B Akao 2S.7BB AUx Leben 1H0J0 unch Alls Vera *«inn -3 BASF 136J0 Bay H T Wbank 249 00 -35 Bay Vbank 276.10 -5.9 Bayer 129 SO •1 BBC 288J0 -3 BMW 182.00 Caisella 356M +6 Chem Verw MMP Commerabank 201 oo Contl Oumml 54.00
        197 words
      • Article
        Brussels
        88 8 AUG Frs FORWARD MARKET Acec 440 unch ArM unch Astur H S8S -8 Braac&n 572 8 Bru-Lamb 1770 -18 C&npac 856 30 Cock 460 -3 De Beers 245 -1 Ebes 2186 Electrotel 8450 unch Ob-Inno-Bm 2840 -5 UM -8 Hobok 2900 -20 Petro 4880 ♦8 Ryl Dutch 2240 io
        88 words
      • Article
        Milan
        92 8 AUO -Ire AnK 1U0 1-25 4SA0 -M Bastofl •10 -3 Centrale MM Flat MM -IS Flniltlr r 133 4-4 M OJS in pn 2786 83 lUktmtnU 1MM M Italf&a 1WI 4-1 Italsftder MafneU II Pf Marelli Brc 3M tan 3M.15 4-1 -3 4.75 Med lob 3MM 30 Mlralanm 2M30
        92 words
      • Article
        Zurich
        6 8 ZURICH prieo are aet available.
        6 words
      • Article
        Lock icon Complaint against Mobil
        124 8 Reuter MOBIL ta u4er erlmlaal lavestlgattea by a federal puri Jary *wr Ito utarml pi Mhg pUai la Texas, tbe US Jasttee Departmeat saM. News ef tke lavestlgattea was jjulmi la aa affidavit by US preeeeatar Blehani Baaber la federal district eeart Wasblagtea. Tbe deeameat eaaeeraed a
        Reuter  -  124 words
      • Article
        TORONTO
        209 8 AUG I CI U« ft Alean Mfomi Bank Moot 4 M* H unch ft 11 liTM—W a UH K -H BeUi Corp BP c*n ua rn T1U f /Vfnn Bail 1 aba V*mj) nCQ LUC Can Imp Bk 27W ♦tfc Ouptc S3* v» In* Pf 1KB unch fiE oxwit
        209 words
      • Article
        JO'BURG
        313 8 AUO 1 Rand 1NDI STRIALS A Alpha 156 unch Abercom AE And CI MO 400 unch unch A MIC 1S3S unch Barlovs a. 80 SOS 0006 H HO 5 Cum* Finance De Beers Ind to 1C2SB unch Edcon Edgars 300B ***** 90 EvCTMd* red voik HZ 200 unch USB
        313 words
      • Article
        Another strong finish
        1227 9 NEW YORK PROFIT-TAKING and nervousness ahead of expected bad news on inflation trimmed a strong early gain but the stock market still closed higher in heavy trading on Wednesday. The strong gains of the last few days left the market vulnerable and investors were nervous about wholesale
        1,227 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      682 8 See Page 4 for Asian stocks e See Page 9 for New York stocks Where to wine, dine and entertain Come, 'sample' an experience! DOLPHIN CAFETERIA World A Trade Centgp you musnit^J m <*. Delectable local dishes and Western lunches set in daintily stylish Scandinavian decor. Popular SELF-SERVICE lunch daily
      682 words
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      Page 8 Advertisements Column 2
      212 8 CAMPARI INSTEAD THE RIGHT LIGHT DRINK FOR A SERIOUS LUNCH Cool, refreshing, lifts you up. Pink, light, doesn't knock you down. Only discerning palates can acquire this new taste sensation. Campari Tonic Campari Soda Campari 7UP </) Campari Orange Campari You <o Sole Agent: FOOD BEVERAGE (PTE) LTD French Cooking
      212 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Bundesbank meeting
      357 9 Reuter. THE BUNDESBANK Central Council was scheduled to review the general economic climate and probably look at the tight situation on the money market at its first meeting yesterday after the four-week summer break, bank economists and money market operators said. A Bundesbank spokesman has said there will
      Reuter.  -  357 words
    • Article
      Lock icon Substitution account
      158 9 AFP. THE International Monetary Fund is expected to agree at its interim committee meeting in Belgrade in October to speed up work on the establishment of a "substitution account", to stabilise US dollars. Japan's influential economic daily Nihon Keizai, citing Finance Ministry sources in Tokyo, said that what
      AFP.  -  158 words
    • MONEY AND EXCHANGE$
      • Article
        Gold
        185 9 RETAIL prices per tahil quoted by the Singapore Chinese Gold and Silver Merchants Association are SS77O for 90 per cent gold, $810 for 22K gold and $860 for 24K gold. The LONDON morning gold fix was U*****.75, up $3.75 on the previous fix. In HONGKONG, the international gold price
        185 words
      • Article
        Hongkong
        152 9 CURRENCY trading yesterday was quiet and featureless with the closure of the Singapore market, dealers said. Sterling strengthened slightly to U552.2225/35 compared with the opening 2.2220/40, but was still below the New York 2.2255/70 close. The US dollar gained a fraction against the mark to 1.8260/70 compared with the
        152 words
      • Article
        Tokyo
        135 9 THE US dollar for overnight delivery yesterday closed easier at 216.35 yen, compared with a 216.40 opening and 216.75 at Wednesday's close, dealers said. 1 The dollar edged down in very quiet trading, with volume of US$322 million, on selling by Japanese banks to cover export contracts '.which absorbed
        135 words
      • Article
        London
        287 9 A TREASURY forecast of a £7.2 billion benefit from North Sea Oil to the British current account in 1979, compared with £3.9 trillion last year, lifted sterling to an opening U552.2285/95 from 2.2225/35 in Hongkong and the 2.2255/70 New York close, dealers said. But they noted it had slipped
        287 words
      • Article
        PLR
        21 9 THE average rate at which Singapore banks are currently prepared to tend to their best customers is 8.25 per cent.
        21 words
      • Article
        Zurich
        47 9 ZURICH exchanges closing quotes (Hi Aug 8: US 1.6570/6577 Stg 3.6686/6718 Can -1.4154/4165 D Mk 90.5613/6342 DFI -82.6228/6889 F Fr 38.9745/39.0047 B Fr 5.6630/6674 D Kr 31.3885/4077 N Kr 32.9358/9685 S Kr 39.2422/2727 Lit 0.2023/2024 Aus sch 12.3749/3848 Port 3.3611/3796 Spain 2.5079/5212 Arg 0.11-1/2/12-1/2 Yen 0.7651/7658
        47 words
      • Article
        Frankfurt
        40 9 FRANKFURT exchanges opening quotes on Aug 9: US 1.8255/65 (1.8266/96) Stg 4.063/073 (4.054/056) Can 1.5589/5604 D F1 91.16/* S Fr -110.28/44 Lit 2.230/233 F FT 43.00/05 N Kr 36.33/37 B Fr (con) 6.257/363 B Fr (On) 6.021/007 Yen 0.8331/44
        40 words
      • Article
        Australia/NZ
        59 9 QUOTES oo the Australia and New Zealand exchanges on Aug 9: AUSTRALIA: US dollar 1.1311/1.1263 Sterling 0.5102/0.5041 Ninety-day airmail buying rate*: Sterling 0.5323 US dollar 1.1891 Ninety-day forward buying rates: Sterling 0.5155 US dollar 1.1326 NEW ZEALAND: Reserve Bank midrate U5J1.0156 Trading Bank lncttcatkxH Sterling 0.4580/0.4560 US dollar 1.0206/1.0106
        59 words
    • Article
      Lock icon EMS members' gold share in common fund
      318 9 Reuter. COUNTRIES participating in the new European Monetary System (EMS) contributed a total of 80.54 million ounces of gold to the System's common fund in March. The bullion was valued at 15.03 billion special drawing rights (SDR) at market prices then prevailing, although
      Reuter.  -  318 words
    • Article
      Lock icon JAPANESE LOAN FOR PAKISTAN
      85 9 UPI. JAPAN will provide Pakistan with a 7.6 billion yen untied loan (or Pakistan's purchases of steel, machinery and chemical products. The loan, to be supplied by the governmental Overseas Economic Cooperation Fund, will carry an interest rate of 2.75 per cent per annum and is
      UPI.  -  85 words
    • Article
      Lock icon Higher credit a factor
      502 9 Reuter THE DESIRE to control credit expansion in Hongkong is thought by hanking sources there to be a major factor behind the government's decision to ban the issue of new licences to foreign banks for at least six months. Although the government has denied this is
      Reuter  -  502 words
    • Article
      LATEST RESULTS
      220 9 SINCE the start of the year, the Asian dollar floating rate negotiable certificates of deposit (FRCD) market has been receiving larger number of issuers seeking funds. The large majority have come out with the normal three-year issues on a quarter point above the six-month Singapore interbank offered rate
      220 words
    • Article
      Lock icon EARNINGS WORSEN
      84 9 Reuter. WESTDEUTSCHE Landesbank Girozentrale said its earnings have worsened this year with balance sheet growth failing to compensate for the decline in interest margins. After taking account of higher wage and material costs, the bank recorded a first half operating profit of 206 million deustchemarks, excluding trading activities
      Reuter.  -  84 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      62 9 J "V* >• W, .V. m 7BT ■p m r-\ f- L' Jw! v; BfiKi |t£ > < v Mt From today there is a new leasing company m Singapore. mm m r New to Singapore, but not new to teasing. m i Suite 503,5 th Floor, Ocean Telex: R
      62 words
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  • Article
    BUSINESS DONE ON THE KLSE
    1522 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with tiie number of shares traded shown in brackets in lots at 1.000 units unless otherwise specified. (NDUTIUU kM (2308 2.365) Ales* (LB7B 1.925) (1) Ltt cd
    1,522 words
  • Article
    Unit trusts
    138 10 ■MUNUDN IT ROT S'pore Qnowtii iNCom Fund BON 1.M D DMT LM (MlMfHf' frtM tar Aag H) (Carr Income Bowl teas) LU The Commerce The Savtnf Fund 1*7 IIS LM L44 1.M S'pore Prog Fund l« 1.B S pore Sec. Fund LB 1.7Ssd MARA 1 kjmh rUT*A S'pore
    138 words
  • Article
    SHARE INFORMATION SERVICE
    2679 10 Gr's Gr*a Net 1978 Last Div Div YTd P/E Vol Dav High Low Company Sale or- C*vr COOO) i High > Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 227 15.0 2.2 6 6 115 190' 123* Alcom 173cd 10.0 15 5.7 210 m m 145 no
    2,679 words
  • Article
    Lock icon A brand in time saves the line at Palm Beach
    1167 10 NYT THE PALM Beach Co, long identified with men's summer suits, has developed into a highly diversified producer of men's, women's and boys' clothing under 32 separate brands. Last week, it added the 33rd when it acquired the 109-year-old Haspel
    NYT  -  1,167 words
  • Article
    Lock icon Sweetening up Europe
    792 10 FT MANY BRITISH companies with subsidiaries In France two years ago were wishing they could be rid of them. Severe price controls had squeezed profit margins at a time when costs were rising rapidly, and there was profound gloom about the future of the business community unto
    FT  -  792 words
  • Article
    Sustained interest pushes prices up
    496 10 SUSTAINED buying interest in moderately active trading gave the Kuala Lumpur stock market a firm (or the second consecutive, session yesterday. Conditions were bullish right from the opening bell as eager buyers chased a number of the overnight favourites upwards. Trading interest also spilled over
    496 words
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  • COMPANY NEWS
    • Article
      Minority shareholders in Premium demand EGM
      1070 11  -  Premium's purchase of unquoted plantation company, Yardstick Holdings, leaves quite a few questions unanswered. One is the discrepancy between the purchase price of million and an earlier valuation of Yardstick at $5.5 million. STEVEN TAN investigates in Kuala Lumpur. STEVEN TAN A GROUP of
      1,070 words
    • Article
      Positive contribution at Kulim expected
      864 11 STOCKBROKERS Fraser and Company say the development of the more matured plantation areas bordering the township of Ulu Tiram (Johor) into a housing estate should make a positive contribution and lessen dependence on agricultural earnings at Kulim (Malaysia) Bhd. In addition, Kulim's output of palm
      864 words
    • Article
      COMPANY MEETINGS
      157 11 MALAYAN Credit: AGM to be held in Mandarin Court (4th floor), Mandarin Hotel, Singapore, at 12 noon on Aug II. 8PP Ltd: AGM to be held at 315, Alexandra Road, Singapore, at 10.00am on Aug 14. Treaggaan Development and Management Bhd: AGM to be held at 1st Floor,
      157 words
    • Article
      DIVIDENDS ANNOUNCED
      295 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Riverview 4%<n) Jul 26 Aug 7 Aug 15 7% 12% Sentosa ply 5%TE Jul 19 Jul 30 Aug 15 5%TE Riverview 4%<n) Jul 26 Aug 7 Aug 15 7% 12% Kg Lanjut
      295 words
    • Article
      SCRIP ISSUE
      76 11 Company Particular* Ex Date Book* Close BSemb Bonus Issue of 3 for 1 Sept 7 NSOP Bonus Issue of 3 for 2 NYA NYA Hong Ltonf Rights Issue of 3 for 4 fe 11.80 per share NYA NYA (a) Adjusted for scrip issue (b) First and Final (c)
      76 words
    • LATEST RESULTS
      • Article
        SOUTHERN Kinta Consolidated (M) Bhd:
        67 11 consolidat- Ed net profit of MJ6.91 million ($4-38 million) for the year ended March 31. Pinal dividend was 90 cents (70 cents) making total of ISO cents (70 cents), payable Sept 20 to shareholders on register Sept 6. The company paid no interim 1978 dividend.
        67 words
      • Article
        BERJUNTAI Tin Dredging Bhd:
        61 11 Net profit of M 517.16 million ($20.17 million) for the year ended April 30. Final dividend was 40 cents less tax (60 cents) making total 95 cents (110 cents), payable Sept 26 to shareholders on register Sept 7. Output of tin concentrates was 68,111 piculs (82,267
        61 words
      • Article
        WILLIAM Jacks and Co (Malaya) Bhd:
        47 11 Net profit of $430,000 (loss $223,000) on sales of $64.98 million ($62.6 million) for the six months to June 30. Net was after extraordinary gain of $197,000 (loss $51,000). The company expects improved profitability to be maintained in the second half.
        47 words
      • Article
        KAMUNTING Tin Dredging Bhd:
        47 11 Pretax profit of M 52.55 million ($1.67 million) for the year ended March 31. Tax was $1.37 million ($1.20 million). Earnings per share was 29 cents (12 cents). Final dividend was 40 cents (12.5 cents) making a total of 47.5 cents (12.5 cents).
        47 words
      • Article
        LOWER Perak Tin Dredging Bhd:
        43 11 Pretax profit of M 51.54 million ($2.06 million) for year ended April 30. Tax was 1547.000 ($1.20 million). Earnings per share was 30 cents (26 cents). No final dividend was recommended after interim of 50 cents (15 cents).
        43 words
    • Article
      Bata's plans for Seremban plant approved
      470 11 BATA (Malaysia)'s extension plans for its new factory in Seremban have been approved, the company announced. With the levelling of the site already completed last April, construction of the factory will begin soon, it adds. When the factory is in operation, it will alleviate
      470 words
    • Article
      Kesang Tin is back in the black again
      122 11 KESANG Us ha* staged a tsrurwuid la Its per(•nnuce, taraiag la a pre-tax prsflt ml 845,574 in the half-year ended Jue 31, 1178, iplvt a pre-tax Ims af $27,4*2 lacorred la the stmllar peried la 1177. The Impravemeat, after six yean «f
      122 words
    • Article
      COMPANY BRIEFS
      56 11 MALAYAN Credit said that Mr Chua Teng Siew has resigned as a director of its various subsidiaries. THE KLSE wants Bandar Raya to furnish it for public release with any material factors and/or exceptional circumstances affecting the earnings and profits of the company and the group for the
      56 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      228 11 zwy COURAGE CONFIDENCE LEADERSHIP QUI CAMNCCI 10 ways the Bate Caraegte Come 59 lli lii'ipn'i community, or i are now Ib CmMQM training. Each yeer, mora and mora flrma throughout tha world ara aponaoring thoir promiaing intomational continuing education couraa to hoip "grow" thoir own eiecutivee and auperviaora to IMPROVE
      228 words
    • Advertisement
      Page 11 Advertisements Column 2
      262 11 Now! The Buku Merah offers you an ever more effective way of selling your products and services In the Buku Merah s pink pages, classifieds business section It pays to be listed in the Straits Times Directory of Singapore. Singapore businessmen have known that for the last 82 years and
      262 words
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  • Article, Illustration
    Call on Govt to review grants for C-centres
    331 12  -  By KOH TSE YING THE GOVERNMENT has been asked to review its policy on grants to community centres. The policy was laid down in November 1977 and inflation has made the quantum inadequate. The appeal was made yesterday by Mr Ng Kah
    331 words
  • Article
    Carter's wage plan faces opposition
    524 12 THE AMERICAN Federa- tion of Labour (AFL) has protested against President Carter's proposal to hold wage increases to 15.5 per cent over a two-year period. "We will take a jaundiced view of any set of guidelines handed down on high by anyone the Council on
    524 words
  • Article, Illustration
    THE NATIONAL MOOD
    83 12 THIS scene at the Queenstown Stadium yesterday captured the meed and gaiety of the Republic's 14th anniversary. It was just as joyous in the ether five centres where seme 45.H1 students, members of associations and uniformed groups congregated to parade and dance on the streets. Hits year's
    83 words
  • Article
    IMF may issue SDR bonds to absorb members' surplus
    223 12 JAPANESE Finance Ministry sources said the International Monetary Fund (IMF) is studying a plan to issue special drawing rights (SDR) bonds to member countries to help absorb their surplus dollars and stabilise the US currency on the foreign exchange market. Under
    223 words
  • Article
    Lock icon Aussie traders protest new tariff proposals
    437 12 AFP. TARIFF recommendations by the Australian Industries Assistance Commission have provoked a strong reaction from both exporters and importers. The commission's draft report of eight volumes was released for discussion yesterday. If implemented virtually all imports of clothing into Australia will stop, according to
    AFP.  -  437 words
  • Article
    Lock icon FUEL SHORTAGE HITS MAS
    168 12 AFP. MALAYSIAN Airline System's service to Seoul scheduled to be resumed on Aug 27 may have to be postponed because of fuel shortage, its secretary Abdul Aziz Abdul Rahman said in Kuala Lumpur yesterday. The twice-weekly service to Seoul, which was suspended because of objections from
    AFP.  -  168 words
  • Article
    LONDON STOCKS
    816 12 LONDON, Thurs. Government bonds finished about half a point higher in active trading, dealers said. Most issues rose about V« point initially on news that the Treasury is expecting a sharp rise in North Sea oil's contribution to the trade balance but long-dated issues later lost about point
    816 words
  • Article
    Lock icon Howe stands by Tory policy to restrict cash flow
    170 12 Reuter. BRITISH Chancellor of the Exchequer Sir Geoffrey Howe yesterday strongly defended the Conservative government's policy of reducing the amount of cash in circulation. Speaking to an Institute of Bankers meeting in London, Sir Geoffrey warned that "any attempt to overthrow
    Reuter.  -  170 words
  • Article
    Five travel meetings in Manila next year
    257 12 FIVE majar werld travel (MveatUn will be held la Maalla aext year. Dtaelaalag this, the Pklltpplaes' Tearlsm Minister Jew Asptraa said the e» f—— an *f the Pacific Air aad Travel Aasseiatlsa (Pata), the WerW Teartsm Orgaalaattea (WTO), the lateraatteaal Betel Airiitlea (IHA),
    257 words
  • Article
    Lock icon Pledge to halt pirate attacks on boat people
    298 12 Reuter. THAI Prime Minister Kriangsak Chomanan yesterday told a visiting American congressional delegation that Thailand can help fight sea piracy plaguing Vietnamese boat people in the Gulf of Thailand if it receives more coastal patrol vessels from Washington. General Kriangsak said in
    Reuter.  -  298 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      87 12 f\S. WORLD lIMi I ANNOUNCEMENT IN ACCORDANCE WITH THE MALAYSIAN GOVERNMENTS POLICY AND APPRECIATION OF OUR PORT KELANG AGENT IN THEIR PERFORMANCE ON THE SHIPPING SERVICE, WE WORLD LINE TAKES PLEASURE IN ANNOUNCING THE APPOINTMENT OF PERWAKILAN ALLY AZRAN (ALLY AZRAN AGENCY) A BUMIPUTRA COMPANY AS OUR GENERAL AGENTS FOR
      87 words
    • Advertisement
      Page 12 Advertisements Column 2
      0 12 <*^<(^-:%_@"~]/(/&[/{,.{\./|"(~
      0 words
    • Advertisement
      Page 12 Advertisements Column 3
      288 12 SRI LANKA: THE EMERGENT NEWLY INDUSTRIALISING COUNTRY Looking for Banking and Investment opportunities abroad and want to be early with them in the new Financial and Investment Centre of Asia? Then attend the Seminar on Investment in Sri Lanka to be held at the Hyatt Hotel on September 3rd and
      288 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 Outlook for Singapore from 6 a.m. to 1 p.m. today Mainly fair. Report (or 24 hoars prior to 7.3t p.m. on August 9 at the airport. Maximum temperature 31.0 Associated humidity 68 Minimum temperature 25.0 Associated humidity 98 Hours of sunshine 10.25 Rainfall in millimetres 15.7 Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Closure for IHC?
        116 13 Reuter A MAJORITY of the shipbuilding policy committee recommends closure of the IHC Verschure BV Newbuilding yard in Amsterdam and cuts in the workforce of IHC Holland NV elsewhere as a solution to the dredger construction group's problems, the committee said. Employer and government representatives on the
        Reuter  -  116 words
      • Article
        Lock icon No Chowfung casualties
        79 13 Reuter ALL 35 crew members were rescued on Wednesday when a foreign freighter, Chowfung, sank in Squally Weather off the West Bengal coast, port authorities in Calcutta said. The Chowfung, believed to be registered either in Singapore or Hongkong, and carrying a cargo of calcium carbide, was
        Reuter  -  79 words
      • Article
        Lock icon Collision in German Bight
        63 13 Reuter A GREEK tanker Laden with 200,000 tonnes of oil and a Greek freighter collided in the German Bight in the North Sea on Wednesday, Bremen Sea Rescue said. The 107,091-ton tanker Andros Ttitan was only slightly damaged and no oil escaped after it was in
        Reuter  -  63 words
    • Article, Illustration
      APL expands its Straits service
      509 13  -  By GOH ENG KEE AMERICAN President Lines (APL) has placed four 1,094 TEUs containerships on its Straits express service between the US and Singapore, Jakarta and Malaysia. The first of APL Seamaster containerships, President Van Buren, left Singapore on Aug 5 for Califomian ports after
      509 words
    • Article
      Lock icon London freight market
      172 13 UPI A DEARTH at tlme-char-tor fixing followtag Ike prtvlwi day's flurry, created a void la freight market activity. Scattered alagte voyage fixing gave llllle ie« fealare altkoagk there waa atme evideace «f a flrmlag if the traao-Attaatle grain rate. Sack evkteace wm provided by eaattaeatal grate's booking
      UPI  -  172 words
    • Article
      ABS has 49 vessels on its July list
      263 13 THE AMERICAN Bureau of shipping (ABS) classed 49 vessels in July totalling some 130,948 deadweight tons or 99,964 gross tons. The vessels classed included container carriers, general cargo vessels, trawlers, passenger ferries and supply vessels. Also classed by ABS during July were
      263 words
    • Article
      Lock icon Dock strike ends
      49 13 Reuter DOCKWORKERS through out Australia have voted to return to work pending further talks on a demarcation dispute in Western Australia, a spokesman for the Waterside Workers Federation said. During the strike over 100 ships were idled around the country waiting to be loaded or unloaded.
      Reuter  -  49 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1774 17 BCHEDDLE 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
      1,774 words
    • Article
      INDEX
      532 17 ShlppUgLfa* ACS Page n CM 5 Afea IV 3 Alfred V 2 Alpac IV 5 Angkutan V 3 ANL I 1 APL m 2 Arya Nat n 5 ASCL m 5 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben Asia m 3 Ben m 3 Ben Ocean
      532 words
    • Article
      Container Schedules
      888 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL IX £5 (1) Each vessel's estimated time of arrival is advised by the Shipping Line/Agent ana is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the
      888 words
    • Article
      Seven lines may face damages suit from US
      625 18 SEVEN trans-Atlantic shipping lines face the possibi lity of a damages suit filed by hundreds of American shippers involving many millions of dollars. Already 31 shippers have filed private civil anti-trust cases against the lines American Export Lines, Seatrain, United States Lines,
      625 words
    • Article
      House of Lords under fire
      263 18 THE International Shipping Federation (ISF) has hit out at the House of Lords refusal to allow an injunction to the Hongkong owners of the bulk carrier Nawala restraining the International Transport Workers Federation from blacking their vessel. In a statement, the ISF commented that if
      263 words
    • Article
      Offshore oil exploration is increasing
      1215 18 GENERALLY freights rates are steady as Bunker Adjustment Factors (BAF) have been established for almost all routes. Most rates in South-east Asia have been increased by at least 20 per cent during the past month because of higher oil prices. The time-charter market is active.
      1,215 words
    • Article, Illustration
      Bunga Seria due tomorrow
      180 18 MALAYSIAN International Shipping Corporation's second thirdgeneration fully cellular containerahip Bunga Suria will be arriving in Singapore temmorrow on her maiden voyage from the Far East to Europe. Together with sister ship Bnnga Permai, she is being employed with eight other ScanDutch containerships in a joint operation
      180 words
    • Article, Illustration
      SHIPS IN PORT
      473 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Ajon (Tanker) (after Palm Sea Horse, subject gas free, P/ O) 15/16 Banowati (0600 after King Dragon, subject freeboard) 25/ 26 Bunga Gelang (0600 subject freeboard) 19 Glorious I (Ro/Ro) (1200 after Yuko Maru) 47 Keng Hoi (1400) 42/43 King Lake (0600
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    • Article
      Panama proposes new laws for merchant marine
      532 18 MAJOR flag of convenience nation Panama has announced a proposed new set of laws aimed at boosting the country's image. Dr Sergio Quiros Fernandez, the Ministry of Pinance and Treasury director general of maritime affairs, told Lloyd's List that bills currently before the
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      460 13 a st class transport Agents: Nedlloyd EAC For further details, please refer to page J AR DIM AMAH Orient Overseas Ca*d(u*teA Line FU.Lt CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) Fttooc LeHawe dan HT**t Wimp ifpTiaf rr»AJ 141 V 14/ A is 8 3/9 31/8 1/9 5/9 9/9 3«MS PWL 17*
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      256 13 S3® fSI SEALORI) ANTOI m UASC UNITED ARAB SHIPPING CO (SAG) S'pore I loading tor 17/8 Kuwait (29/8). Dammam (1/9), Doha (3/9). Bahrain (6/9). Dubai (8/9). 26/8 ,na Qaboos (7/9), Dubai (10/9), Ooha (12/9). Dammam (15/9), Kuwait (18/9). 30/8 Dubai (11/9), Abu Dhabi (14/9). Bahrain (17/9), Dammam (20/9), Kuwait (23/9).
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      390 13 NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE "TO EUROPE (VIA SUEZ): I Jjr S port P KfUMHattr 1 Sept 3 Sept N CORM.+ 1) Au» 31 Am 14 Aim 5 Sept 6 Sept MB 18 Am 19 A«( 4 Sept 11 Sep* 12 Sept lACLJA
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      Page 13 Advertisements Column 4
      739 13 Call us We call the woiid Agents: Nedlloyd EAC Please refer to page m MAERSK LINE fa US Paolt. PacAc Mart* *tet. Calf I Atlantic. East Canada and Mexico (Also accepting lor Honftoflt Tanran. Japan and Korea) I.'IH 1213/8 13-14/8 IS-19/S 21-21/8 26-27/1 I v n/t 1-2/9 I M/> Singapore
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      683 14 :Hapaguoyd FULLY CONTMNERtSED TO EUROPE S pate r *tta«t Pen B»ao Genoa HTwg Bremen Rdaro Antwerp Eflu RS 21/8 24/8 20/9 29/9 27/9 25/9 23/9 Maißs 23/8 25/8 28/9 26/9 24/9 22/9 Rtmscitslww 11/9 13/9 16/9 15/10 7/10 25/10 23/10 20/10 18/10 FULLY CONTMOUSED TO GENOA/TRISTI TV HK S part
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      380 14 sMsL borber blue sea From: US ATLANTIC US OIP EAST CANADA M J/10 be IS M 11/12 *yf lt/17 m«/» fc* 22/23 J*2< taf 29 taf 30/31 S«f 2/3 jPffll Ln Ore total Oct 21 Not Oct 31 I Nn Noxt Lowdwr: "BARBER MARA" Aug H/19 at BARBER WN.HELMSEN TERMINAL
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      789 14 EVERGREEN LINE r FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE I ACCEPT!*; CARGO FOR HAMBURG FELIXSTOHE. ROTTERDAM. ANTWERP. IE HAVRE ALSO ACCEPTMG CARGO FOR UNITED KMGOOM SOUTHAMPTON. LONDON. MANCHESTER. BIRMMGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BREMERHAVEN HOLLAND AMSTERDAM S'para Kw*»| f tfaitam Ictttrdwi l« Haara Etar M(«r II M
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      941 14 Everett Lines/ Burma Fiva Star Shippiit| Corpn. "BURMESE NATIONAL LINE' LOADMG FOR RANGOON HTAN TAWTWA PNASHWE6YAimW PA6AN B F.S.S.C .11/12** 17/19 Au« .22/24 Hue B F.S.S.C Agent* n Motayva TEPS MALAYSIA Port Ketong T«< (38V7355 Penong Tel *****/***** Compania Ar|«ntina Da Navafacton Intercontinental S. A. C.I. F. "ARGENTINE NATIONAL LINE"
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      645 14 r 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 SANKYO LINE AUSTRALIA SERVICE P. Ketanc Sin(apart loadmc I MAY PIWCE.... KYOTEN MMHI. MAY CARP. 11/20 AH 23/2S Au| 20/22 Auf 4/5 Sept 2/3 Sept MEL.
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      962 15 Overseas Containers Limited Weekly service to/from UK/Europe To UK/Continent From UK/Continent Ktwi Brent R itm Le Hwt« Stoa P Mian S pore *wl Nrtv Cardpuißay W UM SM W Salad total 12 M Mm far MM Uri SM SiM SM 11 «B 6U Tata t«raa hM SM bM SM SaM
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      1053 15 GRANARD LINE I? RELIABLE I DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDITERRANEAN S port P Kelang Penang loadng tar M.V. MAN CHEONG V29tl 19 Aug P Said/Alexandria/Beirul M.V. KNOW FUNG ¥.30*. 25 Aim M.V MAN TAT *311* 10 Sep M.V. MAN KM V.32N.... 17 Sep AU fcssas ACCOTME am WO
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      581 15 IK* BENLINE CONTAINERS BIN ASIA CONTAINER SERVICE EXPRESS COffTMNER SERVICE STRAITS/TAIWAN/JAPAN II BENBULK BULK SERVICE FOR TIMBER AND PLYWOOD PACEMAKER Vty 10 U/14 A« 15/U Ax 15/11 Sept 12/14 Sept ta Pt/11 Ami 25/28 Aug Rdam/Lpool, "port to Pt/14 Aug 15/11 Am| Rdam/lpool/ Nport 19/21 Sept 22/25 Sept I pool/Nport
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      476 15 Scan Dutch 9 LY EXPRE I) IMb 7) «M *»l «l C*u> 11/, M 1M A 1 M 14/1 Ifl M U il a,, m m IW ivi mt 111 HI Ht )M Xl IM Ol M ni U/J M »1 t/M ID 11/) 2/M 7/* 114 II M a/1
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      642 15 LOADS FOR C. ft S. AFRICA cim» n 11»* mini I l s«*<» i «sm r Kfunt 5 6 Sep S*»» 9 6 Oct P Aetang 7 9 Oct U S GULF COAST SERVICE (New Orleans. Mobie. Houston. Galveston) HOMII irtlJ iMi) ll j? S STELLA I TUB (Mi) 24
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      1180 16 K LINE KAWASAKI KISEN KAISHA. LTD. EUROPE EXPRESS SERVICE TO EUROPE P Kelang I Havre Rdam N CORAI 14W C PAUL i/W H IALf m h N PE ARI !6W C RO/E 15W I Havre R dam H burg Bremen A werp 31 Aug 1 Sept Sept 6 Sept 9
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      872 16 m U.S.A./EAST CANADA SERVICE E.C./GREAT LAKES SERVICE LOMWE FOR *W 1 I Itr (Cad CMcafa). NORFOLK MONTREAL. TORONTO. ASHTABULA Pt«an| B(in* P Attar* Simpport "VBHVA OHMRM" 34/31 Ami 21/29 AM| 25/27 AMI CALIFORNIA/PACIFIC NORTH WEST SERVICE Lead* tar tOS ANGELES. SAN FRANCISCO. SEATTLE. TACOMA. (WCOWI BC PniMf P Ktlant Sm|aport
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      582 16 SINGAPORE SHIPPING AGENCIES PTE. LTD 20TH ELOGR OCEAN BuilO NG SINCAPO"S MARKETING 9" 122 (3 UNESi GENERAL 91 3' 1i i' 4 LINE Si TELE* «S ?4<,9S «S 2SS6B A 8 CARSMIP CABLE CARGOSMIP CCD! Container 1-iiM's WEEKLY CONTAINER SERVICE to/from BANGKOK DSRLINES^L^ COTTBUS N/21 Aug SANGERHMJSEN 6/7 Sept east
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      812 16 "*T(R\ATiO*AL SHIPPING CORPORATION BffiHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/C ONTINENT/ SC ANDINAVI/ 1) Barcelona. Genoa 2) Amsterdam Antwerp. I Kawe. Bilbao Basle. UK. 3) Bremen Bremenha»en, Aartws. Copenhagen. Hehmti 4) Malmo, Stockholm. Oslo •Accepting t u'opt catfo tor feeder «a S pore 1) Cburg 2) Hburg 3) 4) Rdam
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      823 16 INTRASEA (PTE) LTD. Faber House Z34E Orchard Road Singapore 9 Telephone *****11 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S port P. Kdanc Penang Loatfng tar NORASIANB4* 10 Sap 4 Sap Avon (UK)/Boulogne/ Antwerp NQRAStt NBSO 25 Sap 29 Sop Avon (UK) /Boulogne/ Antwerp Am*: Singapore KTRASEA (PTE) LTD *****11
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      301 17 EGYPTIAN INTERNATIONAL LINE (EILi EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) SPORE PT KEL PENANG PT SAO ALEXANDRIA MAREKE U Aut 28 SPUN* U Sept 23 Sept 21 Sept 27 Oct 16 Oct 22 Subject nduewnent MARTRANS CARGO PLEASE CONTACT BCHENKER SINGAPORE TEL *****11 I
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      252 17 ar i£td RANGOON/CHITTAGONG/CHALNA SERVICE ETA no M.V. FIVE ISLANDS In Port TBC CONTAINER SERVICE TO AUSTRALIA ETA ETD LOADMG FOR: *V. SUN EMERALD Safcd Sydney/Mefcoume/Adelaide FrwmNe General Agenh Gulf east Shipping Pte Ltd Suite 704/706. Ocean Building, Collyer Quay, Singapore 1 Tel *****3 (10 Lines) Soon Seng Group k Soo
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      438 17 P.T PERUSAHAAN PQ. AYARAN ANGKUTAN PERTAMBANGAN THE ONLY SMGAPORE/NXRCSIA CONTMO FEEDER SERVICE AUTHORISED BY MDONESIA GOVERNMENT WITH FULL CONTMNER VESSEIS EACH CJURYMG 112 TEU VESSEL TAX AM I ALSO ACCEPTMG CARGO FOR WOONESIA GOVERNMENT PROJECT ANO HEAVY MACHMERCS TAKARI V 15/1 JUT TAMBANG M 19/1 JKT GENERAL AGENTS EASTERN NAY
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      411 17 :c KAI UNION SHIPPIN 26th Floor UIC Building, Shenton Way, Singapore, 1. Telephone: *****66 RCGUL/Ut SERVICE TO CMTTAGONG KM IV Bootrnp in —n I, rr lir -i u is Au| if SiIGAPORE/PENANG/PHUKET SERVICE 10 A* IS Aug REGULAR SERVICE TO BANGKOK 15 a<« is Am KAI UNON SHTPMG SON BHD
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      423 17 mrwmoDAi bulc ATion uriE ■'ill 2nd Fir Oriental Plaza, Jin Parry, K L Tel *****4 Telex KL IBLINE MA ***** FAR EAST/STRAITS/EUROPE SEMI-CONTAINER SERVICE FALCON (KM). TON (tt-5) P Gudang S pore P KeUng Penang R dam H burg 15 Aug It hit Hbt A«p IK 6 S«pl 9 Sept
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      33 18 egular Weekly Tug-Barge service between Singapore Pulau Batam departing Wednesdays. Additional samn§s arrangeable P.T. Elhom Batu Ampos/ Tek.l ine Limited no4/ifos TfißTij Beach Rood, Smgapor Coble: MARS TELEX: 2 Tower \4 (3 lines)
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