The Business Times, 26 September 1979
1979-09-26
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The Business Times
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Title Section12 1979-09-26 1 BUSINESS TIMES M.C.(P) No. IK/1/7, WEDNESDAY, SEPTEMBER 2C f 1179 50 CENTS12 words
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BRIEFLY...
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Article39 1979-09-26 1 Reuter LONDON, Tues. The price of platinum was fixed at a record US$5l6 an ounce on the important London market today as the metal attracted keener attention from operators switching from weak paper currencies, dealers said. ReuterReuter - 39 words
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Article53 1979-09-26 1 AP BRUSSELS, Tues. Inflation increased to a yearly 10.7 per cent rate in the European Common Market in August, the European Statistics Office reported Tuesday. The 12-month rate had been 10.4 per cent in July .The July-August consumer price index rose by 0.7 per cent to 147.5 pointsAP - 53 words
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Article83 1979-09-26 1 AFP HONGKONG, Tues. Sir Murray MacLehose's term of office in Hongkong as governor and commander-in-chief has been extended for another two years, the fourth extension since his first appointment in November, 1971. The announcement was made here today by visiting British Minister of State for Foreign and CommonwealthAFP - 83 words
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Article73 1979-09-26 1 Reuter WASHINGTON, Tues. Prices in the United States rose sharply again last month, bringing the annual inflation rate to 14 per cent, according to official figures published today. Energy and housing costs were the main reasons for the 1.1 per cent rise in prices in August. TheReuter - 73 words
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Article56 1979-09-26 1 AP MOSCOW, Tues. Malaysian Prime Minister Datuk Hussein Onn left the Soviet Union on Tuesday after an eight-day visit to the Soviet Union that included talks with Soviet Premier Alexei Kosygin, Tass reported. Datuk Hussein had been touring Uzbekistan, a southern Soviet republic, since Saturday. His Kremlin meetingsAP - 56 words
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Article73 1979-09-26 1 AFP KUALA LUMPUR, Tues. The Malaysian government has approved increased maximum load weight for lorries with effect from July 16, Deputy Minister of Transport, Dr Goh Cheng Teik said today. The maximum load weight for six wheelers had been increased from 14 tons previously to 15 tons whileAFP - 73 words
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Article59 1979-09-26 1 UPI NEW YORK, Tues. Stock prices retreated in early trading today. Turnover was moderately active. The Dow Jones industrial average, in a decline from the start, widened its loss as trading progressed. It was off 5.63 points to 880.20 shortly before 11 am. Declines led advances, 875 toUPI - 59 words
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Article136 1979-09-26 1 Rises Oriental Hide* Ayer Hitam Tin 280 11 1460 10 C C M 585 10 Males 418 8 Nanyang Preas 340 8 M Glaaa 228 Paper Producta Oak Yung 148 7 133 6 Harimau Loan 101 6 Skangri-La 710 5 Guinneaa 580 5 UOF 201 5 Falls136 words
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Article, Illustration153 1979-09-26 1 Rises Malayan (T) 2030 +30 K Kampar 440 16 Kemayan 302 14 P. Textile 92 10 Esso Ord 545 10 Matsushita 550 10 A. Hitam (T) 1460 10 Jeram 328 +08 Malex 428 +08 Falls Tronoh 975 -10 Castlefield 1550 -10 C. Sugars 306 -08 Gen ting 392153 words
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Article, Illustration587 1979-09-26 1 MANO SABNANI - RECORD PRE-TAX PROFIT By MANO SABNANI HUME INDUSTRIES (Far East), a broad-based building and construction group, is on the expansion trail again with concrete plans to expand activities in several areas of its business. As revealed in its latest annual report, the first and most587 words
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Article211 1979-09-26 1 SINGAPORE'S trade deficit in August widened sharply as imports grew at a faster pace than exports. The trade gap for the month, at $852.8 million, was almost double that of July, at $454.5 million, and the level a year ago of $435 million. While exports advanced by only211 words
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Article338 1979-09-26 1 A JAPANESE manufacturer of high precision moulds has offered to help local entrepreneurs set up in the plastic injection moulding business by offering to subcontract some orders to them. It will also undertake to provide technology and long-term orders to keep the local company in business.338 words
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Article217 1979-09-26 1 PROPERTY developers whose land does not appreciate in value following rezoning or an increase in plot ratio or density, will not be required to pay development charges. Development charges will be paid only if there is a rise in land value and will be charged at a217 words
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Article116 1979-09-26 1 A BIT J introduced in Parliament last Friday, will, if passed, ensure that the export profit of an export enterprise which qualifies for tax relief under Section 32 of the Act will be reduced by expenses as provided for under the Income Tax Act. The cape uses are116 words
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261 1979-09-26 1 ANALYSTS aad itmviii are geaenUly —HI that a strsag rally m the Sleek Fwhaage el Btagapsre Is ea the cards fcißfiT attMnpl u Fsllswlag Ike kefty nil am MtMbv sf £.44 petals ia Ike Slralts Timet ladaslrlal akare Index Ike Mae drip ladleater261 words
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Article350 1979-09-26 1 KOH TSE YING - By KOH TSE YING NEW SOUND Electronics (NSE), a subsidiary of Sanyo Electronics, is setting up operations at Selarang Drug Rehabilitation Centre. The arrangement, under the Singapore Corporation of Rehabilitative Enterprises scheme, will provide employment for 150 members of the Centre. Mr Vic SLChang, managing director350 words
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Article94 1979-09-26 1 JARDINE Matheson said the rise in group net profit for the first half of this year to HK&28.8 million from $120.1 million in the same 1978 period reflected higher recurrent earnings. Chairman David Newbigging said the problems within Jardine Industries Ltd have been eliminated, and the subsidiary is94 words
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Page 1 Advertisements
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Advertisement22 1979-09-26 1 whatever you need in menswear, get it at... MOHAN'S D6PT STORE (PTEJ LTD. m. Orchard Road Iri *****22 next voManoann now i22 words
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Advertisement238 1979-09-26 1 Solving Big Problems is Formula for Growth Recommendations Soaring in Vital Energy Groupings The four New York issues which Capital Gains Research recommended mo6t frequently during the latest U.S. nuclearaccident scare were reactor-builder COMBUSTION ENGINEERING, nuclear technology leader EGAG, uranium miner UNC and coal liquification specialist FLUOR. Two weeks into238 words
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Advertisement298 1979-09-26 1 ROTALSPORTMG HOUSE PIE UD 101. Sweel Cwhhl T* W*63 4 **6« Leader...page C :+<_/{|"^$((<?*+\{_!"|@`!_]:?|% The A 5 is a superb accounting system If you ran a business, you must rrail this ad. No matter what size business you run, the amazing Olivetti A 5 Electronic Accounting System \mN increase efficiency298 words
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TRADE AND INDUSTRY
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413 1979-09-26 2 TEO TECK WENG - By TEO TECK WENG SINGAPORE'S import of equipment, tools and materials used in building construction is expected to reach a "modest" $3.2 billion by 1964. The figure was derived at assuming an average annual growth rate of 13 per cent between 1978413 words
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185 1979-09-26 2 A TRADE mission of about 20 manufacturers from the All-India Automobile Ancillary Industries Association (ALAAIA) will be visiting Singapore in October to take a closer look at the Asean market. The visit was organised to coincide with the Second Asian Automotive and Aceesories185 words
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Article, Illustration317 1979-09-26 2 SENIOR executives of Ott International GMBH, a major West German lighting fixture manufacturer, will be here this weekend to present the company's products to prospective buyers. They will be on hand at the formal exhibition of Ott products this Saturday and Sunday at the new317 words
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Article350 1979-09-26 2 ITEL Corporation of San Francisco has signed an agreement to transfer its computer marketing and service operations to National Semiconductors (NS). The deal which will come into effect on Oct 1, covers Itel's operations in Singapore, the US, Canada and Europe Terms of the deal were not disclosed.350 words
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Article437 1979-09-26 2 COURSES AND TALKS Sep 17-Oct 29: How to be literate in Chinese, Nissen Hut 58, University of Singapore Department of Extramural Studies Sep 17-Oct 29: English Pronunciation, New Lecture Theatre 5, University of Singapore Extramural Studies Department Sep 18-Dec 4: Financial Management Part n (12 lectures), Bukit Timah437 words
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Page 2 Advertisements
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Advertisement68 1979-09-26 2 J T I IT LEADS in Plantation Research. Guthrie Research, Chemara in Malaysia. The world's largest oil palm seed producer. Major oil palm research institute. Pioneer researcher in Natural Rubber. Putting experiments and experience into practice. Guthrie Research is poised to face the challenges of the plantation industries of the68 words
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REGIONAL
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193 1979-09-26 3 Reuter PHILIPPINE President Marcos has warned of a drastic reorganisation of the country's bureau of internal revenue unless graft and corruption are weeded out. Shortly after the warning, the chief commissioner Efren Plana and three senior officials announced they had offered theirReuter - 193 words
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180 1979-09-26 3 Reuter AUSTRALIA has agreed to allow Japanese fishermen access to its 370-km fishing zone to be proclaimed shortly, it was announced yesterday. Primary Industry Minister lan Sinclair told Parliament that Japan would pay an annual fee of Asl.4 million (553.39 million for its fishermenReuter - 180 words
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Article, Illustration271 1979-09-26 3 ANIMAL nutrition experts at the University of Melbourne's school of agriculture and forestry are seeking the best ways to make pigs produce maximum energy as well as maximum meat. Maximum energy production would result from making pigs produce manure of optimum quality for conversion into methane271 words
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Article253 1979-09-26 3 AFP SOME 100 businessmen, industrialists and bankers from Australia and South Korea got together in Seoul yesterday for a two-day joint conference of Australian-Korean business cooperation committee, aimed at establishing closer economic ties between the two countries. Speaking at the opening session yesterday morning, Korean Commerce-Industry MinisterAFP - 253 words
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518 1979-09-26 3 Agencies CHINA has promised action against inefficient workers, the Hongkong communist newspaper Wen Wei Po reported yesterday. In a dispatch from Shenzhen, the paper said Jia Hua, mayor of Shenzhen on the Hongkong border, made the pledge on Monday at an investment symposium. TheAgencies - 518 words
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Article244 1979-09-26 3 Reuter JAPAN is expected to grant China a long-term low-inter-est government loan later this year to help its industrial modernisation programme, sources close to the Finance Ministry in Tokyo said yesterday. But the loan will probably not be as large as the 1,210 billionReuter - 244 words
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418 1979-09-26 3 AFP THE Indonesian government has reaffirmed its strong anti-communist policy at home by warning released communist prisoners that they will be shot on the spot should they try to revive the banned Communist Party (PKI)• The stocky two star army Major General Witarmin, militaryAFP - 418 words
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229 1979-09-26 3 LEADING producer and consumer nations began two weeks of negotiations in Geneva on Monday aimed at overcoming remaining differences holding up the world's first international agreement regulating trade in natural rubber. Conference chairman Peter Lai of Malaysia told delegates from 55 countries they229 words
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129 1979-09-26 3 PENINSULAR Malaysia has stepped up the enforcement of rules relating to diesel. Licences of about 20 service stations, transport companies and operators with skid tanks have been suspended, Controller of the Enforcement Division, Haji Nik Mohd Salleh, said. All the cases were for offences129 words
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466 1979-09-26 3 Agencies FIRST signs of a new oil structure have been revealed in preliminary tests from an exploratory well off the coast of Palawan province, the Philippine Energy Ministry announced. Final drill stem tests would be completed very soon on the well, inAgencies - 466 words
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Page 3 Advertisements
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Advertisement68 1979-09-26 3 Ir* NO problems at all CS-2181 SHARP, a world leader in electronic products gives you this beautiful electronic desk-top calculator. Features galore for greater efficiency with clear easy to-read print-euts of up to 12 c in bright green fluorescent display. independently accessiWe 4-key memory Qne-toucn grand total key for individual68 words
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Advertisement202 1979-09-26 3 Your clients will need to go to Brunei... there are good reasons they should go Royal Brunei. Not the least of these reasons is the choice of 10 convenient flights per week from Singapore. With the businessman in mind Royal Brunei's morning flight leaves at 10.15 on Wednesdays, Thursdays and202 words
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RAW MATERIALS
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Article269 1979-09-26 4 Reuter THE world's major copper mining and consuming countries are meeting in Geneva to try to find ways of injecting new life into stalled talks on stabilising prices and supplies of the metal. Delegation sources said the outlook is not promising as the 40-nation groupReuter - 269 words
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Article277 1979-09-26 4 Reuter A SHORTAGE of copper is developing and is likely to worsen considerably in the next six months, sending prices up to £1,200 a tonne by next March, Inter-Com-modi ties said in its latest market report. The fundamental turn in the copper market, long expectedReuter - 277 words
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56 1979-09-26 4 Shipments of Straits refined tin from Penang for the period Sep 1 15, 1979: DESTINATION Shipped Afloat tonnes tonnes Africa Australasia Canada Continent 478.00 770.00 India -0.50 Japan 464.00 196.00 West Asia 34.00 1.50 Pacific 41.00 70.00 Singapore 23.00 S. America United Kingdom United States 1,190.00 530.00 TOTAL 2,230.50 1,569.5056 words
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233 1979-09-26 4 Reuter THE world supply/demand balance for soybeans is top heavy with total supply at over 104 million tonnes, 19 million tonnes above prospective demand, Oil World says in its latest newsletter. It says that since only eight to nine million tonnes is required asReuter - 233 words
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Article263 1979-09-26 4 THE SINGAPORE market closed the morning session slightly higher with October One RSS buyers quoted at 287.00 cents per kilo, up three cents from Monday's close, dealers said. Morning prices were marked two cents up on higher London advices, short-covering, speculative buying and some forward demand, they said. Afternoon263 words
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Article307 1979-09-26 4 R.A.S. prices In cents per kilo yesterday: Cloae Noon (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt l.o.b. 284.50 285.50N 286.50 287JON Int. 1 R.S.S. October 285.00 285.50 287.00 287.50 Int. 1 R.S.S. November 288.50 289.00 ***** 291.50 Int. 2 R.S.S. 278.50 279.50N 280307 words
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Article103 1979-09-26 4 NOON SSR u RA8 SSR 20 SSR SO «d SMR prica* ymUnUr OatoWr (Can-eat Htk) Buyer® Seller* (1 ton pallet) 266.00 268.00N (1 ton pallet! 263.00 266.00N November (Forward Mtk) Barer* Sailer* 266.00 268.00N 263.00 26&.00N MRELB SMR CV SMRL SMRGP SMRS SMR 10 SMR 20 SMRSO103 words
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Article132 1979-09-26 4 THE SUGAR futures market yesterday closed easier in continued quiet trading, dealers said. October closed at 9.66/70 US cents against Monday's 9.80/82 close with the distant September at 11.76/80 against 11.80/84 cents. Sugar futures closing prices: rWW CMi( Ctasiag Oct 9.66/TO 9.80/82 Jan 10.34/46 10.40/54 March 10 80/50132 words
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Article72 1979-09-26 4 THE STRAITS tia price la Pwaag rase Msls per pM to Msljm yesterday, M|ls abeve the ißtoi—tl—l Tli Agreement celllag, dealers said. Bedaeed tta ares eeatribated by mlaers, Japanese, East Earapeaa aad toeal baylags aad a (Inner Liaiia oversight market, pashed tbe market higher after Meaday's techalcal fall.72 words
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Article30 1979-09-26 4 Rubber: Sep 25 Singapore: October. 287.00 cents (up 3.00 cents) Malaysia: October: 287.00 cents (up 3.00 cents) Tin: M$l,965 (up $15) Official offering: 186 tonnes (down 24 tonnes)30 words
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Article354 1979-09-26 4 TRADING conditions were dull on all fronts at the Singapore produce market yesterday. Local dealers, with few exceptions, were still quoting at levels much higher than those ruling overseas, hence the continued absence of buying interest from Europe and America. But trading in small lots was reported In354 words
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Article191 1979-09-26 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) (Mm yam: China Blue Phoenix 20b 2,330; 32s 2.880. 40s 3,080 (per bale of 400 lbs). Rim piii: China Butterfly and Globe brand unq; Dragon Head unq, Five Lambs unq; Flower and Butterfly191 words
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Article323 1979-09-26 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0.96, 100 per cent second class 0.83, 100 per cent third class 0.80, 25 per cent new crop no stock, B-10 per cent 0 70. THAI BROKEN: A-auper 0 62,323 words
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Article639 1979-09-26 4 COCOA: Terminal cocoa had a short first call yesterday morning with prices gaining £3 to £6 with 56 lots traded. Market attracted isolated short-covering support from slightly lower sterling but basically prices were inclined to move within a restricted range. Physicals were quiet with West Germany showing no639 words
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Article68 1979-09-26 4 C.I.F. North European ports, In US dollars per ton unless otherwise stated. LONDON: Mod Previous Malaysian 5*7 ffa bulk per tonne November 642.00»lr 645.00>lr Sumatra 5*« ffa bulk September 655.50.lr 652.50.lr October 652.50slr 652.50.lr November 652.50*lr 652.50slr/ 651.50pd December 652.50.lr 652.50.lr January unch 652.50pd Nigeria 5'< ffa bulk68 words
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ASIAN STOCK
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Article593 1979-09-26 4 TOKYO Source: DBS-Daiwa SINCE yesterday was the last trading day for settlement and delivery this month, the market was not very active. In the morning session, interest was mainly on oil and trading-house issues. The Nikkei Dow-Jones average advanced 18 points. However, without any particular incentives, investorsSource: DBS-Daiwa - 593 words
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Article210 1979-09-26 4 THE STOCK market closed mixed yesterday with oils slightly firmer, dealers said. Gainers yesterday include Baguio Gold, Marinduque B, Landoil B, Oriental B, and Vulcan. Issues which remained unchanged were Aco)e Mining, Lepanto B, Ptiilex B and PLDT. THE unexpected trade surplus for August and the continued bouyancy of210 words
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Article223 1979-09-26 4 SEP 25 HK» Amai Rubber Anoctated Hotels Bovmlen Cheong Kont China Kna MO ltOD 0JTJ5 »U <TBB China LJcnt 2120 -CI Cltj Hoteta City llrtd 1.738 unch Cotnaoool CM ftarh Tunnel II HI tut Ada Mae* hr Eut Exch Phllei *M OlSflO ♦CI* unch H/S Hotel* Hana Lun» w223 words
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Article278 1979-09-26 4 STOCK prices firmed after member brokers agreed in principle to buy- in a daily average daily of two million baht worth of shares in the Security Exchanges of Thailand, dealers said. Among the improved shares, Bangkok Bank rose four baht to 336, Bangkok Investment four to 224, Slam Cement,278 words
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Article406 1979-09-26 4 SHARE prices closed firmer yesterday led by mining companies, dealers said. Kathleen Investments shares rose 96 cents to $6.00 while Queensland Mines, operator of the Nabariek venture and 50 per cent owned by Kathleen Investments, firmed 50 cents to 15.20. During the afternoon, Kathleen Investments released a report from406 words
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Article62 1979-09-26 4 FINANCIAL TIME8 INDUSTRIALS Monday 462.0 Friday 400.3 Week Ago 406.0 DOW JONES AVERAGE INDUSTRIALS Monday 88SJM Friday 883.M Week ago 861.31 LONDON DOLLAR PREMIUM Monday 36 to 36 >4 Friday 33 to 33 "> H.K.HANG SENG Tuesday 642.80 Monday 032.44 Week mo ***** SYDNEY INDU8TB1AL8 Tueadya 536.46 Monday62 words
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Page 4 Advertisements
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Advertisement337 1979-09-26 4 n IDLE OF lUIO TRADES AT PRINT PACK ASIA 79 International Exhibition of Printing and Packaging 5_ 9 November 1979 Word Trade Centre SINGAPORE THE EXHIBITION THE CONFERENCE Both the printing and packaging industries from In coniunction with PR I NTP ACKthe world will gather at PR INTPACK ASI Aat337 words
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OVERSEAS
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310 1979-09-26 5 Reuter EXXON Corporation of the US said it is going ahead with its billion dollar offer to buy Reliance Electric Company, despite opposition from the Federal Trade Commission (FTC). Exxon had been holding talks with the FTC in an attempt to settle the governmentReuter - 310 words
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WORLD IN BRIEF
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Article494 1979-09-26 5 Agencies THE US House of Representatives on Monday approved a bill authorising the sale of 5.5 million carats of industrial diamonds now being held in the national defence stockpile. The sale is estimated to produce U5595.7 million in revenue. Officials had reported the current size ofAgencies - 494 words
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Article791 1979-09-26 5 ARRIVALS Service Local Operator Number Time From GIA GA980 SIA SQ103 SIA SQ211 MAS MH605 GIA GA944 GIA GA908 UB UB231 THAI TG423 PAL PR501 SU SQ63 GU GA982 SU SQ240 SU SQ201 MAS MH684 MAS MH651 SU SQ61 SU SQ117 SAS SK971 GU GA900 SU SQ455791 words
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Article686 1979-09-26 5 AP THE US should have a surplus in its international payments of as much as US$lO billion (SS2I billion) next year, which would be a dramatic turn-around from the record deficit last year, a Treasury Department official said. Partly as a result of the improving' paymentsAP - 686 words
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299 1979-09-26 5 UPI AFP A SENIOR Omani official has denied reports of a plan, sponsored by the United States, Britain and West Germany, for protecting oil tanker traffic in the Hormuz Straits leading into the Gulf. In an interview with the Omani weekly newspaper AUPI; AFP - 299 words
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352 1979-09-26 5 NYT BERNARD Cornfeld, the American founder of the illfated Investors Overseas Services financial empire, pleaded innocent when he went on trial in Geneva on Monday charged with defrauding his employees in a U5539.5 million stock deal. The 52-year-old financier was originally charged withNYT - 352 words
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Article237 1979-09-26 5 NYT US HOUSE Senate negotiators has reached agreement on a compromise bill to carry out the Panama Canal treaties, and opponents of earlier legislation said they expected the new measure to be passed by Congress. The compromise on Monday, which was still being worked outNYT - 237 words
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Article87 1979-09-26 5 AP West germanys Finance Minister Hans Matthoefer warned that the West German mark, revalued upward against major European currencies, was on the verge of becoming "dangerously overvalued." "We have reached the point where we have to be careful and avoid a further overvaluation," Mr MatthoeferAP - 87 words
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Page 5 Advertisements
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Advertisement231 1979-09-26 5 Yfou'll come back for more of what we have to offer '■21 1 jsr *»i i i'E a "H y at sth Floor A cosy grill room that's w olde" and "Engtysshe." Where the fare is both traditional and wholesome. < Gmmdh/m lu In the tradition of emperors. Pius 10%231 words
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Article593 1979-09-26 6 SHARE prices on the Stock Exchange of Singapore faltered yesterday afternoon. Had they not done so, the Straits Times index of ordinary shares would probably have slipped unobtrusively through the high point reached just over a year ago. Last September the index soared to heights unprecedented593 words
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Article135 1979-09-26 6 THE step taken by a company in the Sanyo group to set up an electronics manufacturing facility staffed by members of the Drug Rehabilitation Centre sounds like an ideal case of mutual back-scratching. The Republic will increasingly be faced with labour shortage so companies which can use135 words
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1658 1979-09-26 6 DAVID BURNHAM - The Three Mile Island accident has undermined the Americans' confidence in the safety of reactors and the competence of the utilities that operate them. "How safe are the reactors?" is a crucial question, reports DAVID BURNHAM. DAVID BURNHAM NYT AN ARRAY of political, financialNYT - 1,658 words
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Article809 1979-09-26 6 LORNE DARLING - By LORNE DARLING FT SIRDAR ALY AZIZ, a British entrepreneur, believes that risk-taking, a part of business life in Britain, is sadly neglected. His own business activities in putting together major export deals appear to be a one-man effort to make up for theFT - 809 words
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Page 6 Advertisements
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Advertisement36 1979-09-26 6 TO ADVERTISE YOUR INDUSTRIAL PRODUCTS AND SERVICES TO MORE THAN 30,000 BUSINESS TIMES READERS IN OUR TUESDAY INDUSTRIAL SERVICES COLUMN PLEASE CONTACT: TOMMY LEE BUSINESS TIMES 1 NEW INDUSTRIAL ROAD SINGAPORE 1953 TEL: 284-8844 EXT 25336 words
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Page 6 Miscellaneous
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Miscellaneous1409 1979-09-26 6 ITiVBHRWDTO Horizon's last energy bit THE LAST ef Ike stories m the energy hM Mr Harinsa will be sa this —If at ll.Mpa, fli-H 5. Mh naettM as m kitemtfre fad re—ree b Ike tofte sf *d peels TUi li Or Hly ikt ii KaglMi wiftk viewing. H yn mc1,409 words
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Article, Illustration2011 1979-09-26 7 JOHN MOORE - The problems at Lloyd's of London have revealed breaches of the company's accepted procedures which might suggest the insurance market is in some disorder. JOHN MOORE examines the reasons leading to the anticipation that there will be an extensive programme of reforms in its self-regulatoryFT - 2,011 words
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Article287 1979-09-26 7 ZEPHYR has received a most delightful correction to its "Busy Baby, Busy Time Preschool" straw printed last Saturday in the form of a colourful puzzle of Gordon Gorilla designed for the preschoolers from ages three to six. We were informed that "Busy Baby", is an advertisement287 words
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1165 1979-09-26 7 JOHN TAN - FORUH. with JOHN TAN ONCE UPON a time, bank rates were fixed in the region of 4 per cent and when rates rose to 5 per cent, bankers were yelling runaway inflation. Now rates are at 13 per cent in some leading Western countries,1,165 words
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Page 7 Advertisements
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Advertisement247 1979-09-26 7 Now! The Buku Merah offers you an ever more effective way of selling your products and services In the Buku Merahs pink pages, classifieds business section Which is why we're starting our new classifieds section. You can take up anything from a column inch space to a full page to247 words
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Page 7 Miscellaneous
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Miscellaneous44 1979-09-26 7 BriStoVtf:FraaKlhcieiiS I LOOK pfT TMPfT STUPID BIRD Pk»mL£.SSUY RLOtiG V>XNOOu) SILL \T DoeSN'T mRWG. sgnsc 'Q.r ON T(£JRS2P> Fifcmp* Me OJP»LKS PifiOUHD LJiTM WtS MePSD IN Tv 4£. C.UOODS. ITS Nior till UCS OM THC LOIMG TMPO" MIS reer plpntgd Fif?pnuy. ON TMG GROUND44 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article219 1979-09-26 8 SEt 24 FU ABM 337 00 3 Ahold 91 50 2 Akro 28 20 -05 AUFV 99 00 unch Am(u 118 50 *0.5 Amro Bank 70 80 0 4 Bergo&s 58 10 unch Berk 104 50 15 Bols 68.50 1.2 Borsumij ***** -05 Burhmann 64 00 -02 Byenkorf 72219 words
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Article223 1979-09-26 8 SEF 24 Dm Aeg-Telefunken 44.60B Akzo 25 70 -08 Allz Leben 850 00 5 Allz Vers 480 00 i5 BASF 137 60 .1 Bay H T Wbank 257 00 Bay Vbank 290 00 Bayer 132.00 •1 BBC 294JO -2.3 BMW 176.00 -2-5 Cassella 366 00B Chem Verw 260 00223 words
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Article272 1979-09-26 8 SEP 24 Frs CORBEILLE Air-Liquid* 519 unch B S N Gervais Danone 965 -26 C S F < ThomsonCsf) 483 -15 Cie Francaise des Petroles 259 4 Compagnie Financier Compagnie GeneraJe 374.90 -1.1 Credit Foncier De France 555 -8 Hachette (Librairle) 231 6 Machines Bull 65 90 -1.1 Michelin272 words
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Article191 1979-09-26 8 SEP 24 Francs 4-/. AcUoru Suisses 2se unch Alusuisse Br 1300 -10 Alusuisse Reg 504 unch Brown Boverl Br 1890 >10 Clba Geigy Br 1285 -15 Clba Geigy PC 1030 •S Clba Geigy Reg 708 unch Credit suisse Br 2200 -5 Credit Suisse Reg 426 -a Elektrowmtt Br. 2200191 words
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Article90 1979-09-26 8 SEP 24 Fn FORWARD MARKET Acec 403 -10 Arbed 2590 unch Astur 530 -12 Bn ffWt 642 -6 Bru-Ltmb 1745 -S Canpac 976 -20 Cock 420 unch De Been 272 -4 Ebes 2195 unch Eleclrobel 6610 unch Gb-Inno-Bm 2610 10 Oct 1124 10 Hobo* 50 Petro 5240 -30 Rjrl90 words
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Article100 1979-09-26 8 SEP M Lire Aritf 13 -0 5 Assoc G«n ***** -850 BiSlOfl 870 -11 Central* 6330 •80 put 2510 -67 Flnslder 135 *0.25 Gen Immob 7975 075 IF1 Pn 3120 -69 Italcementl ***** -120 Iislg&s 124 15 lui«kf#r 345 5 Mafneti M Pf 665 unch Marelli Ere 408 15100 words
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Article210 1979-09-26 8 SEP 24 CI Abiubt W* Alc&n 46 s unrh Alfnrrva »s unrh Bank Mont 24 Bank Nova Scotia 24** -S Bell Tel 21 Beth Corp BP Can Ltd 37 -IS Bnifwi 26 4- S Camp Red Lake 27s -H Can Imp Bk 26 k Can par 38 -S Can210 words
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Article330 1979-09-26 8 SEP 24 Rand INDUSTRIALS A Alp*. 175 unch A be r com 267 7 AE And CI 490 unch AMIC 1850 unch Barlows unch Cf Sugar 825 r&A 295 S Currle Finance 106 2 n* Beers inrf Edcon 405 unch Ed (ars v 4800 Eve ready 0 Fed Volk330 words
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Page 8 Advertisements
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Advertisement208 1979-09-26 8 m m Delectable local dishes and Western lunches set in daintily stylish Scandinavian decor. _g>y Popular SELF-SERVICE lunch daily. From 10.30 am to 3.00pm and snacks from 3.00pm spm You've got to try it to believe! Fabulous harbour view k DOLPHIN CAFETERIA Sentosa Isle beyond. A P°"° Enterprises Ltd. 1.208 words
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Advertisement156 1979-09-26 8 Where to wine, dine and entertain übertud (Srill L. For lunch. For dinner. For a richly rewarding experience. Also Businessmen s Lunch Monday to Friday $1H 3 t> CESS Javanese Rijslcifel Saturday Sunday Slh CESS For reservations call 7379b77 Vnltii*) l'nrk Hlhtiiloii a ik r?. SHERATON HQ t F IS156 words
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Advertisement121 1979-09-26 8 See Page 4 for Asian stocks See Page 9 for NYSE prices House A/hii Everyday is a big house affair for us Because each day is another new opportunity to perfect our service to you Service by which you remember us Savoury specialities for the choicest pick And that truly121 words
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Advertisement139 1979-09-26 8 Wi Savour the true flavours of' Singapore in cool, exotic, tropical surroundings at the newlook Hin's Heavenly Cookhouse. Choose from a whole variety of local foods like Murtabak, Steam-boat, Malay Curries, Noodles, Smoked Duck and Suckling Pig, Satay, ChiHi Crabs Exceptional Cantonese menu by celebrated Hong Kong trained chef Pon139 words
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Advertisement178 1979-09-26 8 JZ3Merlin's New Grill Room It's elegant, comfortable and quietly opulent, with a menu that will delight the discriminating. Our Businessmen s Buffet (Mondays to Fridays) offers a fabulous spread. There s Prosciutto Crudo, Gammon Ham. Cold and Grilled Lobsters. Baked Crab. Fillet Mignon Bernaise, Tournedos Rossini. Sherry Trifle and lot's178 words
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BANKING AND FINANCE
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Article494 1979-09-26 9 THE US dollar strengthened against tbe major currencies yesterday, but tbe market remained basically hesitant, with dealers uncertain whether the dollar's strength will persist. The yen opened weaker at 223.60/70, in line with the Tokyo market opening of 223.10/20 but recovered to 222.80/90 towards the Tokyo market closing.494 words
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Article162 1979-09-26 9 THE Hongkong dollar continued to firm in late exchanges yesterday, still 'benefiting from Hongkong's August trade surplus announced on Monday, dealers ;iaid. The local unit was quoted !«t a late 4.9620/50 to the US dollar compared to a midsession 4.9910/60 and well up the opening 5.0030/80. In -late trading162 words
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Article175 1979-09-26 9 Asian rates A8IAN currency deposit interbank rates as at close on Sep 25: US DailantSaat) Offer 7 days 1 month 2 months 3 months 6 months 0 months 12 months 12 11% 12 3/16 12'* 127/16 125/16 1211/*****/16 1211/*****/16 125/16 12 3/16 121/16 1115/16 g*M DM <MMte PrieM) 1 month175 words
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Article22 1979-09-26 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 8.9 per cent.22 words
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Article38 1979-09-26 9 FRANKFURT exchange opening quotes on Sep 25: US —1.7680/90 Sterling 3.805/15 Can -1.5122/39 D F1 90.57/67 S Fr -112.24/38 Lit 2.188/91 F Fr 42.54/59 N Kr 34.97/35.64 B Fr (Con) 6.216/24 B Fr (Fin) 6.013/23 Yen 0.7930/4238 words
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Article1316 1979-09-26 9 NEW YORK BLUE CHIPS and glamour stocks led the market lower on Monday as volume dipped well below the 52 million shares traded last Friday. Analysts attributed the drop to profit-taking and renewed concern over interest rates. They said the decline gained momentum in the afternoon as1,316 words
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Article300 1979-09-26 9 THE SINGAPORE gold futures market yesterday closed narrowly mixed in dull trading, dealers said. Total turnover fell to 217 lots from 262 lots overnight with interest mainly on December and February contracts, they said. December closed slightly higher at U*****.50/90 an ounce compared with U*****.30/7.00 overnight with February at300 words
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Article240 1979-09-26 9 THE US dollar for overnight delivery closed at 222.45 yen yesterday, down from a 223.40 opening but up from 221.40 at Friday's close, dealers said. Trading was heavy with the volume at US$9l5 million. The dollar weakened in active late trading on continued selling by Japanese and foreign banks240 words
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Article211 1979-09-26 9 THE US dollar opened generally firmer yesterday on the back of some moderate demand, although no new factors were readily apparent, dealers said. The US currency opened at 1.7670/80 marks compared with 1.7645/50 in late Hongkong trading and 1.7645/55 in New York on Monday night. Dealers said the market211 words
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276 1979-09-26 9 Reuter THE BRUSSELS realignment of the European Monetary System (EMS) was meant to stop internal EMS pressures developing as a consequence of the weakening dollar, Danish central bank governor Erik Hoffmeyer said. The main aim of the recent meeting of EMS finance ministers andReuter - 276 words
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Article785 1979-09-26 9 LEE YOKE MENG - NON-EUROPEAN CENTRE By LEE YOKE MENG NON-EUROPEAN based centres are now playing an increasingly significant role in the super-dollar Eurocurrency market, with Singapore steadily overtaking Hongkong as the leading Asian regional centre, second only to Japan. Statistics from an Investors Chronicle survey published this month785 words
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Page 9 Advertisements
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Advertisement70 1979-09-26 9 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 30th September, t9620f: THE MITSUI BANK, LIMITED Hong Leong Building Kx Raffles Quay Singapore 0104 We hereby certify that the rate of interest payable on the above-mentioned Certificates of Deposit for the Interest Period beginning on70 words
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Advertisement128 1979-09-26 9 THIS ANNOUNCEMENT APPEARS AS A MATTER OF RECORD ONLY 91 WA THE PALMCO GROUP OF COMPANIES 170,000,000 MALAYSIAN RINGGIT SYNDICATED FACILITIES FOR THE FOLLOWING SUBSIDIARIES OF RkLMCO HOLDINGS BERHAD ACIDCHEM(M) SENDIRIAN BERHAD PALMCO JAYA SENDIRIAN BERHAD PALMCO OIL MILL SENDIRIAN BERHAD PALMEX INDUSTRIES SENDIRIAN BERHAD PALMINA SENDIRIAN BERHAD MANAGED BY128 words
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1497 1979-09-26 10 BUSINESS DONE ON THE SES THE KLSE In Singapore BID and otter price* officially listed •ad bMtaMi la an reported to th* Stock PrrhiMT at yesterday with the number aI Aam traded dm la tnckcts ta lots of 1.000 unita nntew otherwtae specified. 8CCTION ONE INDUSTRIAL COMMERCIAL Acai (136B 1388)1,497 words
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Article137 1979-09-26 10 BNGAPQU UNIT m*T 8f» M) S'pore Growth Fund INCOME BOM LM ID UNIT IB The Commerce L13 LB The Saving Fund IB i <7 S pore Prog Fund O M OBxd S pore Sec Fund 1.7» 1J0 S pore Invert Fund 1 1.33 S'pore Equity Fund IN i«137 words
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Article2727 1979-09-26 10 1979 Last Gr'» Gr*s Net Div Oiv Y'ld P/E Vol n«v Migh Low Company Sale +or Cvr COOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 201 207 Acmt 237 1 15.0 12 13 111 1 237 237 198 123* Alcom 196 10.0 11 5.1 26.1 148 1102,727 words
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Article81 1979-09-26 10 <12* 1/8/80 (tSOJOO) (96 508 •0.05S 4 3V4% 1&/9/80 (250,000) (98-528 •8.708) l/S/81 (250,000) (98JSB 5% 16/4/81 (250,000) (***** 97.006) SuemST"' ,mm> li (250.000) (100.458) 7* 1/8/88 (250,000) (100.408) 7 1/4% 18/4/88 (250,000) (101 JOS) 6 1/4% T F 1/11/90 (250,000) (2) 100.00 1/4% T F 15/10/93 (290.000)81 words
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Article1786 1979-09-26 10 BID and otter prices officially listed and hurtiw to and reported to the Kuala Lumpur Stock Exchange yesterday wtth the number at traded shown in brackets la lots of 1.000 units unleas otherwise specified INDUSTRIALS te (2-80S) AM* (IKB 2.OQS) xd AChM(I.CS) AMD (0 456) Ma (21,786 words
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Article, Illustration755 1979-09-26 10 FOB WANT of followthroagh support, shares failed to pwnt6H» thdr overnight flrmaeaa at the Stock Exehaage of Magapore yesterday. Caatloa still prevailed aad, aa balance, small 16 in were Duriag the first hear of trading, the market rated fairly active aa dabblers, eaeewaged by Moaday'S755 words
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Article507 1979-09-26 10 THE EMERGENCE of profit-takers after four consecutive sessions of steady advance brought prices to a slightly easier close on the Kuala Lumpur stock market yesterday. There was good followthrough support in the first hour of trading but sellers made their presence felt thereafter to depress prices. However,507 words
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COMPANY NEWS
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Article810 1979-09-26 11 DAVID CHOW - By DAVID CHOW THE EAST Asiatic Company (Malaysia) expects to make a pre-tax profit of not less than Ms3o million for the current year ending Dec 31. This forecast was contained in its circular to shareholders issued in connection with its proposed purchase of810 words
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358 1979-09-26 11 CHAN BONG SOO - Market Talk... By CHAN BONG SOO THE SINGAPORE stock market as well as its counterpart in Kuala Lumpur appears to be firmly set on the recovery path. That is how most analysts and brokers read the latest situation. But it is imperative that trading volume358 words
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Article635 1979-09-26 11 Current Ex Books Date Total for Total for Payment Date Cloae Payable the year Previous year Berjuntai 40% Aug 29 Sept 8 Sept 26 95% 110% Kamunting 80% Aug 28 Sept 7 Sept 20 95% 25% Sthn Kinta 180% Aug 28 Sept 7 Sept 20 300% 290% Metro635 words
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Article190 1979-09-26 11 Cotnpaay Particulars Ex Date Books Close U AC E A 1 V M W Tu Ckoif Hong L«oi| (JOB Kulim Rolhniiii SEA Corp Teaerloh Fancy Til* M U lad Bonus Issue of 1 (or 3 Bonus Issue of 1 for 2 Bonus Issue of 1 for 3 Bonus190 words
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213 1979-09-26 11 Oriental takes57 pc stake in AAP ORIENTAL Holdings will take up a 57.14 per eeat stake la Armstrong Aate Parte (AAP) la Hat veatare wltk Heada Mater Cempaay of Japaa, which will held the remaining VLM per eeat of the ialtlal Issued capital ef twe mllHoa shares ef $1 each.213 words
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Article98 1979-09-26 11 FANTAK Realty has uasaaced that Its takeover •Her fer all the stock salts •f Uagil DeveUpmeata to ww ———I ta all respects. This fellews Liagal's extrnrflairy geaeral meettag held last Satarday at which Its steekhelden passed all resalatlaas pertalalag ta Its mnashsitlsa lata a plaatatlea swalng sod maaageVMA98 words
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Article55 1979-09-26 11 MALAYAN Credit Properties (MCP) has exercised its right to receive cash in lieu of the $10 million of United Overseas Land ordinary stock for the sale of Malayan Credit House, United Overseas Land said. Last month, United Overseas Land said it reached agreement with MCP to buy Malayan55 words
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Article430 1979-09-26 11 ANTHONY TAN - By ANTHONY TAN AS ANTICIPATED earlier this year, reduced margins in bulk cocoa trading has led to a drop in profits at Allied Chocolate Industries (ACI) for the six months to June 30. Group pre-tax earnings fell 27 per cent to 9633,000 compared with 1871,000430 words
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521 1979-09-26 11 MALAYAN Breweries (MBL) has shown a declining growth rate for the year just ended, probably owing to a slowdown in sales in Papua New Guinea which accounts for about 40 per cent of its market. Group pre-tax profit for the 12 months ended June 30,521 words
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Article318 1979-09-26 11 ALLIED Malayan Development (AMD) has managed to edge back on the profit path at the interim stage as a result of higher selling prices and encouraging sales for its products. The Penang-based towel and yarn manufacturer managed a modest trading profit of $53,588 this time. Compared318 words
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Article287 1979-09-26 11 SHAREHOLDERS - Letter to the Editor SHAREHOLDERS Dear Sir, I refer to the half-yearly report of Hwa Hong Manufacturing Company released to the Stock Exchange of Singapore (SES) on Sep 12 and published in the press. It is natural that shareholders would put all the blame on the directors287 words
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Article, Illustration449 1979-09-26 11 gaaacu, HOCK LOCK SIEW IT IS A FACT that in a strong market rally, trading is widespread and accompanied by a high volume of shares changing hands. During such a rally, speculators and genuine investors need not search hard and long to find the right stocks in whichHOCK LOCK SIEW - 449 words
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Article248 1979-09-26 11 Dale Last Full Year Company Period Announced Net EPS Grew Pre-tax last year (eeute) Div. <%) Preflt (I**) Apollo I 30/8 14.8 7.5 4,353 Fancy Tile I 14/9 8.3 1,010 Bo vis I 15/9 14.509L Leong Huat I 15/9 3.3 250 D Keramat I 20/9 89.8 146.5 25,895248 words
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LATEST RESULTS
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Article49 1979-09-26 11 Unaudited pre-tax loss of M 554,000 (loss $271,000) on turnover of $3.81 million ($3.87 million) for the six months ended June 30. The company said exports fell by more than 60 per cent as conditions in the company's major export market, Nigeria, failed to improve.49 words
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Article57 1979-09-26 11 Unaudited group pre-tax profit of M 54.15 million ($4-07 million), for the six months ended June 30. Sales came to $47.49 million ($38.25 million). The parent company pre-tax profit was $3.54 million ($3.48 million). The company said it expects to at least maintain the previous57 words
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Article122 1979-09-26 11 Electrical A AIM ladaatrtaa BM: EOGM and AGM to be held at the Theatrette (Ground Floor), Bangunan M1DF, No 196A, Jalan PekeHling, Kuala Lumpur, on Sept 27 at 12.00noon. lack In—fit Kajaag Ratter lid: AGM to be held at 5th Floor, Straits Trading Building, 4 Leboh Passu Besar,122 words
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Page 11 Advertisements
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Advertisement42 1979-09-26 11 KEEP UP WITH YOUR MANAGING DIRECTOR Subscribe today and save more than 20% off the newsstand price.... Just complete the coupon below and mail it, together with payment, to: Times Publishing Bhd. AWSJ Subscription Dept. Times House River Valley Road Singapore 092342 words
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503 1979-09-26 12 THIRD World journalists should not just toe the government line but they should be aware of developments and have as their objective the development of the country and the well-being of the people. This point was made by a newspaper executive, Mr Peter H503 words
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Article82 1979-09-26 12 SCHEME 'B' and City Shuttle Service (CSS) buses will raise their fares by 10 cents from Oct 1. The flat fare of 10 cents for students will remain unchanged. Operators of the supplementary bus services applied for fare increases recently because of rising fuel prices, wages and82 words
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Article799 1979-09-26 12 LONDON, Tues. Equities were higher across the board in steady trading with moderate institutional buying dealers said. At 3 pm the FT index was up 7.6 at 469.6. Dealers reported that following institutional business other operators had returned as buyers. Government stocks were up to 3/8 point harder799 words
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Article, Illustration38 1979-09-26 12 SINGAPORE'S Fmip Minister S. Rajarataam chats ii a lounge of the United NatiM with West German Foreign Minister Haas Dietrich Genscher. Beth are attending the General Assembly sessien en Menday. UPI phete. Source: UPI photoSource: UPI photo - 38 words
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453 1979-09-26 12 SHELL Refining Company (Federation of Malaya) has turned in a spectacular rise in earnings at halftime due to a combination of factors, chief of which was probably the expiry of an unprofitable fuel oil contract last August. Net profit after-tax for the six months to453 words
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Article192 1979-09-26 12 A SCHEME to almost double Malaysia's consumption of rubber from the present 30,000 tonnes could be started next year, as part of the government's move to increase home consumption to 300,000 tonnes by 1990. In a major venture downstream, there are plans for a multi-million dollar rubber192 words
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363 1979-09-26 12 A RECENT ruling by the Japanese Finance Ministry has paved the way for Japanese banks to tap longer-term US dollar deposits in the Asian dollar market. The lifting of the ban on the issue of five-year US dollar certificates of deposit by Japanese363 words
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276 1979-09-26 12 POMfIB yaw < 8w Lid (HPBIL), Blehard Charles Tarttag, wis UH by day Is he nm speetfle la Us aasven Is jstrtliai sa aeeeaataaey bistmUi—aad praettee. The qaesttepe were raised by DPP Th Teew Yeew la respect Is the amenta e< HPBIL276 words
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Article57 1979-09-26 12 THE WORLD Health Organisation (WHO) regional committee for the Western Pacific will hold its 30th annual session at the Mandarin Hotel from Tuesday. The week-long meeting is expected to draw representatives from 19 member countries. Reports by member countries will focus om national strategies and plans to achieve57 words
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507 1979-09-26 12 JOHN LIM - By JOHN LIM THE multi-million dollar urea project in Aceh, Indonesia, is likely to be the first Asean industrial project to materialise as pre-qualification tenders are now being invited, the final stage before a tender is called to appoint a contractor. It507 words
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295 1979-09-26 12 THE TENTH Asian Advertising Congress (AAC) will feature a futuristic theme at its meeting here next September. It will focuss on advertising in Asia in the next century, said Mr Patrick Mowe, president of the Singapore Advertisers Association yesterday when the contracts for organising295 words
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Article108 1979-09-26 12 THE air forces of Malaysia and Thailand are now in a position to provide "a bigger and stronger punch" in combined operations against the communist terrorists in the border regions. The officer commanding Malaysia's second division, Maj Gen Datuk Abdul Jamil Bin Haji Ahmad said he108 words
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Page 12 Advertisements
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Advertisement91 1979-09-26 12 I When you're fishing for new markets, land big I game with the help of air freight experts. When you're busy meeting deadlines, controlling inventory, hounding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as91 words
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Page 12 Miscellaneous
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Miscellaneous60 1979-09-26 12 IWEAT:HERg Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report for 24 hours prior to 7JI p.m. on Sep 25 at the airport. Maximum temperature 32.3 Associated humidity 66 Minimum temperature 23.7 Associated humidity 97 Hours of sunshine 10.50 Rainfall in millimetres Nil Total rainfall for60 words
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SHIPPING TIMES
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PORTSIDES
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Article52 1979-09-26 13 AFP LARGE tankers will have to use a pilot when moving in the English Channel under a proposal to be put to the British and French governments next month by pilots' associations of the two countries. A similar recommendation will be put to the International Marine Consultancy OrganisationAFP - 52 words
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Article71 1979-09-26 13 Reuter THE MADRAS Port Trust will charge penal demurrage on goods not cleared within 10 days. The Press Trust of India (PTI) repprted that with effect from Sept 19, the demurrage will be 40 rupees per unit per day. The new charge is being levied because shortage ofReuter - 71 words
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Article144 1979-09-26 13 Reuter SOME 7,000 dock workers returned to work at Rotterdam Port's general cargo terminals on Monday, exactly four week after they started an unofficial strike for higher pay. A port official said the general cargo sector, which had been paralysed during the stoppage, was almost back toReuter - 144 words
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Article685 1979-09-26 13 RAHIM KASSIM - GROWTH OF FEEDER SERVICE By RAHIM KASSIM THE ASEAN Business Council (ABC) has proposed that the respective governments take steps to promote intra-regional shipping for feeder service or containerised cargo. This was made in a report submitted by the ABC to the Asean Economic Ministers685 words
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Article208 1979-09-26 13 UPI SOVIET charterers were reported to be hack m the market n Maaday far teaaage aa a time-charter basis, while Chtaeee aperators saaght to arraage periad bmtmm ap to three years' trading. The geaeral aatlaak remaiaed aptimistte, with demaad grawiag la several areas. Traaa-Atiaatie grata- fixlag ngnln da—diUPI - 208 words
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233 1979-09-26 13 THE DEPARTMENT of Civil Aviation has awarded a $2.3 million contract for two high speed rescue craft for the new international airport at Changi to a British shipyard. The contract was given to the Cheverton Work boats of Cowes, Isle of233 words
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Article139 1979-09-26 13 SMCT International (SEA) yesterday morning despatched a rescue fleet of six vessels to Indonesian waters where a cargo liner had run aground on Sunday night. Salvage work began yesterday afternoon on the Catamarca U which was grounded on the Helen Mar reef some 10 miles southwest of139 words
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1268 1979-09-26 17 IgCHBDOLE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the. Port of1,268 words
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Article556 1979-09-26 17 SMpptag Ume PW CM ACS n 5 Afea IV 3 Alfred V 2 Alpac IV 5 Angkutan ANL V I 5 1 APL m 2 Arya Nat 'n 5 ASCL m I Asia America n 5 Asia Merchant n 5 Atlas IV 4 Aust.Cont IV 5 Bank m556 words
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Article921 1979-09-26 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL na. 1 (1) Each vessel's estimated time of arrival is advised by the Shipping Line/Agent I and is subject to change I (2) All export FCL containers and LCL cargo must be delivered to the Authority's 1921 words
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Article, Illustration237 1979-09-26 18 THE FIRST concrete accommodation barge to be built In Singapore tor aa offshore oil prodoetton eompaay operating off Indonesia is expected to be completed next month. The $2-miilion accommodation barge incorporates a new concept in the construction of snch units. The237 words
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1028 1979-09-26 18 THE ITALIAN State shipping group Finanziaria Marittima (Finmare) is now well embarked on its five-year restructuring plan adopted at the end of 1974. The decision to divest itself of its ruinous involvement in passenger liners and to build up self-sup-porting freight services has1,028 words
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986 1979-09-26 18 IAN HARGREAVES - IAN HARGREAVES HABGREAVEB, Financial] Times THE ATLANTIC Conveyor, one of four Cunard ships in the European Atlantic Container Line consortium, is not built to be the fastest ship in the water; her intended 24 knots were carefully measured to permit the ship to986 words
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Article, Illustration550 1979-09-26 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Accord (Tanker) (after R A Emerson A Putra Jaya A Poly Sebelas, P/O, subject gas free) 15/16 Confidence (after Union Kowloon) 29/30 Fenix No.l (Ro/Ro) (1300 after Hoegh Orris) 8/9 Hakko Arrow (0600) 31/32 Good Samaritan II (Tanker) (after Nikolay Semashko shifts,550 words
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Page 13 Advertisements
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Advertisement270 1979-09-26 13 hrrctt Lines toa TMf MOST tMQOtMT SAILIMOS TO lAMMOK HOMfOm JAPAN W*AM. mm tMMTwrap Corpn. S/A C»«Hor« T*. O M Ink* V'ot a- 10 •0 J OCfC 0M« T« JI44T j O K«M A|(Mt SOCSM.# CO T* JtmT I I J RI) 1M I H m, Orient Overseas Ca*dai*ieA Line270 words
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Advertisement354 1979-09-26 13 SEALORD ANTAf m UASC UNITED ARAB SHIPPING CO (SAG) WEEKLY MULTI-PURPOSE SERVICES S pore Loading (or 1/10 Abu Dhatx (13/10). Dubai (16/10). Doha (19/10), Damnum (22/10). Kuwait (24/10) 15/10 Kuwait (27/10). Shuaiba (30/10). Damnum (3/11). Dubai (5/11) 24/10 Kuwait (10/11). Shuaiba (13/11), Dammam (16/11). Dubai (19/11). Muscat (22/11) 6/11 Dubai354 words
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Advertisement248 1979-09-26 13 ■NOL NEPTUNE ORIENT UNES LTD FAR [AST EUROPE fUHY CONTAINERISED SERVICE 3 Not 10 Mm 17 Not 23 Mm CONTMCRS FEEDEREO TO/FROM P STOWI Abo icceplmj carfo to trom Scandmama +0 CHEF S port CJoynj Tents Fa Carp 1100 27 Sept ia Carjo 2300 76 Sflpt LL STRAITS AUSTRAIIA RO-R0248 words
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Advertisement500 1979-09-26 13 AFEA LINE REGULAR SEMI CONTAINER EXPRESS SERVICE DIRECT TO LAGOS-APAPA So* Pagt rV Column 3 for Sailings SHIPPHVG AGENCIES PTf LID t 1 St Mil *****1 t, m :,|J lAt sn% BHD 1 I a%„ JBRBOI J Pf MNG hi '"81 MAERSK LINE fm 111 fat*c. hetc Mi Md. 6*l500 words
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Page 14 Advertisements
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Advertisement555 1979-09-26 14 ¥7 K/9 7R/9 5/10 4/10 12/10 14/10 19/10 24/10 27/10 4/11 4/11 10/11 11/11 Oy tf Ml TaUiCam "mm Agents SEGANI WEEKLY CONTAINER SERVICE LOADING FOR*- OAKLAND, LONGBEACH, PANAMA. SAVANNAH, NEW YORK, BALTIMORE, NORFOLK. HOUSTON, WW ORLEANS, BARBADOS, TRMDAD, BOSTON. CHARLESTON. BERMUDA, HONOLULU, GUAM, COSTA RICA, PORT HARCOURT ALSO TO555 words
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Advertisement355 1979-09-26 14 od 19/11 Oct 19/17 Od 19/11 Od 19/» Od 22/22 Nm 19/29 Nn K/17 Mm 22/24 Nn 27/21 Nn 1/3 I No. U/ll Nm 1 >■» Nn t "m Nn I >K Nn 11 Otc Ok To: CANADA/USA Pxft Coast Vntfl' ■ißli'iirTM 17-29/191 11-21/11 1 (-17/11 21-24/111 22-23/11 21-21/111 31/11355 words
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Advertisement649 1979-09-26 14 EVERGREEN LINE r FAR FAST EUROPf fXPRESS ftill CON]6INFR SFRVICF 1 ACCEPTMG CARGO FOR: HAMBURG. FEIOSTOVK. ROTTERDAM. ANTWERP li HAVRf ALSO ACCEPTMG CARGO FOR: UMTEDNNGOOM SOUTHAMPTON lONOON. MANCHESTER. BRMNGHAM. BRISTOL. INERPOOL. GLASGOW. LEEDS WEST GERMANY ',y Jr.r.Vij; HOLLAND wsmm *20d nort 1 1 t Oct 23 Od n Oct 2tOd649 words
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Advertisement880 1979-09-26 14 £vm^//W IkarM Fhm Star Shinatna Coron PWMB 9 WWW WtOT I Vwi |rn. "BURMESE NATIONAL LINE' LOADMG FOR RANGOON 27/31 S«p< 1/2 Od TEPS MALAYSIA B F S S C Aoontt n Maftoyva TEPS MALAYSIA Port Kilong T«U3B>-7355 knang T* 62 Ul/***** Com pa nia AifontiM* Of Nra|KiN Imarcontinantai S.880 words
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Advertisement616 1979-09-26 14 mo.s.E. i OCEAN SHIPPING ENTERPRISES PTE LTD RM 102 2103 21ST FLOOR MARINA HOUSE SHENTON WAY MISTRI ROAD SINGAPORE 2 TEL 220] 144 7S *****70 IO SANKYO LINE AUSTRALIA SERVICE MPORT SMLED MEL. SYD 11/11 Oct 1/9 Oct ADO. BANGLADESH SERVICE LVESS& 15/21 Oct Q9TTACONG, CHALNA JAPAN/STRAITS SERVICE Stap P.616 words
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Page 15 Advertisements
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Advertisement887 1979-09-26 15 Overseas B IB m Containers Hmm Limited Weekly service to/from UK/Europe To UK/Continent rpM pjmmi aMteibprM nu* nu, kana E*mc 4 Oct U*«pMlay 40d Taky* bn 13 Od 14 Oal Cartga Bq 11 Oct C*y at EMartk Oct SEipr**» 27 Oct fey X Oct Mm 4 Nn Wkn Nn II887 words
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Advertisement844 1979-09-26 15 GRANARD LINE RED SEA/MEDITERRANEAN SERVICE Vpmt P Jotang hM| LoMhg tar SM hi ft 21 Sep Joddah/P Sart/Lattalua MM/ P. Sad/ Alexandria/ Bofut/ Lattakia Port Sad,/ Alexandria, Bonrt/Lattakia Jeddah/P Sarf/Alexandria Bemrt/Lattalua M.V. MM TUT 31*... 6 Oct (My Booked) mm maim 32w «nm M.V. MM M Y.33M— UMM ACCEPTOR CCNTHO844 words
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Advertisement696 1979-09-26 15 2y BEN LINE CONTAINERS BEN ASIA CONTAINER SERVICE EXPRESS CONTMO SERVICE STRNTS/TMMN/MPMI ammkc* mi Bwt Trader 2tll Oatata Act 1112 DamOi 5087 tTppir Ace 3112 *M| Trite 2112 Mb Act 1113 Benny Train Bomta Act BenvaAa Chpper Ace Benny Trader BomO Ace Ben«aAa Clipper Ace Benny Trader STOW BIN UNE696 words
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Advertisement501 1979-09-26 15 Scan Dutch V i >:11:i >1 ni.T' < »JA»:: rpM »>"** 2/1* It/10 vu n/io ivio 3VII a/io vu 38/rt 14/11 VU 21/11 IVII 2VII 21/11 5/12 27/11 12/12 2) Mm DIN 21/1* 23/14 21/11 31/10 4/11 i/11 11/11 U/U 10/11 21/11 24/11 27/11 1/12 4/12 10/12 11/12 17/12 11/12501 words
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Advertisement400 1979-09-26 15 SHIPPING AGENCIES THE BANK LINE LTD LOADS FOR £ft S. AFRICA utqm sncorauß (Ammi, Ovrtm Ctuqpn. Pt Eta. E I onto* Knantaa 13/16 Oct S port 17/20 Oct P Ma* LVKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, Sahfeston) Sinatra P I«N Kuartan US Ml MASONLYRES (Mi)400 words
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Page 16 Advertisements
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Advertisement964 1979-09-26 16 'Kline KAWASAKI KISEN KAISHA. LTD. TO EUROPE Spore P Keiang LHawe Rdam Wbwf Bremen A'werp 0 Ct*E 16M |?8 Sept 29 Sep) 17 Oct IS Oct C CONTAMER 3W 12 Oct 13 Oct Oct 30 Oct S S BRDGE 23* 20 Oct 22 Oct 7 No. 13 No. S S964 words
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Advertisement726 1979-09-26 16 CAUFOMM/FACffC NORTH WEST SERVICE loo*« tar LOS MGaa SM RUMCBCO. rami. TACOMA. VANCOMR a.c EXPRESS CONTMU/CONVEimONAL/ REEFER SERVICE r«M| P MtMf Sngapore L 1/3 on 1/S Oct 4/t Oct 2M. 15/14 Me 17/11 Hn U/» Me 14 Mc »/»•k 31Mc/lM 2/3 lm 2»M AUSTRALIA SERVICE UMRRKfOR In Sft IM AM726 words
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Advertisement504 1979-09-26 16 o A(in»i|) SINGAPORE SHIPPING AGENCIES PTE LTD :o'x fIOCH CCc AS B I D SC. VSGAPOtIk WAO«t'SG 91 3 lists. GtSf«A v L SlSi T E Lt «S ;4*:9S »S 6 B CAR«jMiP CA«GCS"'P t Tumll l'c«|ionnl 11..1.LJ y Container Lines WEEKLY CONTAINER SERVICE to/from BANGKOK DSR-LIIMES Monoi fist sat-comtaß504 words
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Advertisement715 1979-09-26 16 f MAI YSIAH IHTIKNATIONAI SHIPPING CO*PO*ATtON BfKMAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVI/ 1) KarcMoaa Genu. 2) *Kktai Mwti NHinli 4) I 'Accept** Earope car|o tor Mr na S port L Hwrt. Nbao Basle UK. 3) Bremen ikao Stockholm Oslo 1) Malmo StocUwm Oslo HaMki. 2) CopenMfrn Aariws 3) Bremen715 words
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Advertisement650 1979-09-26 16 INTRASEA (PTE) LTD. House 234E O'Cha'd Road Sinqaporp 9 Telephone *****1 1 235-ICS7 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE r pan t urn* Pai 11 Oct 14 Oct 31 Od 5Nn 12 Nn 15 Nn Avon (UK) Boulogne Rotterdam/Antwerp/ Awn (UK) Boulogne/Avon (UK) Sfcgipart MTRASEA (fit) LTD 2352(11 BOOKMG650 words
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Page 17 Advertisements
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Advertisement349 1979-09-26 17 EGYPTIAN BBW IkITCDWI ATlAkl A I I IMC /Cll INTERNATIONAL LINE (EIL) EGYPTIAN FLAG GENERAL AGENTS SUB AGENTS L N SHIPPING PTE LTD H.S.H (M) SDN BHD Tel: *****11 (Singapore) Tel: *****3 *****7 (KL) TLX R*****7 *****6 (PT KELANG) TLX ***** *****2 (PENANG) Kline KAWASAKI KISEN KAISHA, LTD. DIRECT SAILING349 words
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Advertisement303 1979-09-26 17 ALFRED C. TOEPFER SCHIFFAHRT Express Regular Service To Dubai M.V ANTONETTE Express Service to Damnum and Kuwait M.V. SUA KM In Port 2t S«pt Owners Representative Office Tel. No. *****33 AGENTS w* OMNI TRACK I SHPPMS PIE. LID 2004. ?Otk Fk. (Mm Mt T* 0711 BMkat Office Id. %> 294M51303 words
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Advertisement318 1979-09-26 17 COMBO LINE REGULAR TUBER/PLYWOOD BULK SERVICE P KELANG LOG. FOR: 26/9 Nantes/Newport TESTA NOOI COMBO WOO 2 AGENTS Spore Magna Shipping <Pte> ltd for Bookings contact M- Francis Tro Johnny Kee Tel ***** 5 *****93 4 Pt Kelant Perkspildn fimur laut Sdn Bhd Tel 38 8506 7 Kuala Lumpur *****1318 words
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Advertisement496 1979-09-26 17 GOLDEN LINE CHAN GUM SHIPPING (PTE) LTD sweet. jwsapooe 1 m *****2 (is iocs) f 1* Raata iMpa *****. P. 317*1. PaM* XMU Pw» Mm tft omm uow <M) m ho tel «u7i STRAITS/PERSIAN GULF SERVICE: Spor« P Kciani Penary GOLDEN HONS Muscat Kuwait toncH 27/31 Sapt GOUO HAtCN Basnak496 words
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Advertisement366 1979-09-26 17 IflTEßmODfll OULC TRfInSPORTfITIOn LIRE I'ND F tOOR ORIENTAL PLAJA JAIANPARRV KUALA LUMPUR TEI 48V44 tele* tBUNE MA 3'0?4 STRAITS/EUROPE SEMI-CONTAINER SERVICE P.total Sparc Motor* P«n»| Lm4r| F* ■HUM 6000*11 (1-7) nn 3 Oct Mw/lftvt/t*i QMOUH(I-t) hpwl Itai/tatei •CSS NSDOM (HQ) b Oct 13 Oct »Oct UJI./Htavf FAR EAST/STRAITS/EUROPE SEMI-CONTAINER SERVICE366 words
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Page 18 Advertisements
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Advertisement65 1979-09-26 18 TRACONS SERVICE MSSN/MTEOUTED JOMT TMNS-SBEMAN SERVICE Regular reliable FCL container m-vk-cs to:Ea« Em—— Pnrta In:- Poland. Czechoslovaku. East Germany. Austria Rumania. Bulgaria. and also< Norway Denmark. Belgium. Switzerland. Luxembourg. Sweden and Finland SmSl r rt Ir q Syrt Turt y Afghanistan jj»teri«— Spain, Portugal and Italy tata-dfc«toatk« to the above65 words
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