The Business Times, 28 September 1979

Microfilm: NL10316
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C.(P) No. 148/1/7 J FRIDAY, SEPTEMBER 28, 1971 50 CENTS
    12 words
  • BRIEFLY...
    • Article
      Lock icon Curb on fuel supply
      68 1 AFP KUALA LUMPUR, Thurs. Deputy Prime Minister Datuk Mahathir Mohamad said tonight that the government would not release an unlimited supply of fuel into the market as this could lead to fuel being smuggled out of the country. Speaking in a television interview, he added that
      AFP  -  68 words
    • Article
      Lock icon Garland meets Paul
      57 1 AFP KUALA LUMPUR, Thurs. Visiting Australian Minister for Special Trade Representation, Mr Victor Garland, today held talks with Primary Industries Minister Paul Leong here. The talks, according to Mr Leong, were mainly on trade issues. He said they discussed the high import duties and quota system that
      AFP  -  57 words
    • Article
      Lock icon Venezuela oil rise
      76 1 UPI CARACAS, Thurs. Venezuela will impose an across-the-board increase in its heavy oil prices ranging between US 50 cents and $1.20 (551.07 and $2.58) a barrel for the fourth quarter of this year, says Energy and Mines Minister Humberto Calderon. The price boost, announced by the Minister
      UPI  -  76 words
    • Article
      Lock icon Trade deficit
      99 1 AFP MANILA, Thurs. The Philippines has suffered a trade deficit with its partners in Asean but the gap has been declining, reports said today. The Trade Ministry said the Philippine deficit with Indonesia, Malaysia, Thailand and Singapore had fallen from U*****.5 million in 1974 to $64.1 million last
      AFP  -  99 words
    • Article
      Lock icon Steel mill financing
      57 1 AFP MANILA, Thurs. Japan may finance through its Export-Import Bank the planned integrated steel mill project of the Philippines, reports said today. Japanese Embassy officials said a long-term loan for 75 per .cent of the US$l.44 billion (Ss3.l billion) project and capital stock or counterpart funds for
      AFP  -  57 words
    • Article
      Lock icon Car exports up
      85 1 AFP TOKYO, Thurs. Japan's exports of four-wheel motor vehicles in August totalled 353,821 units, up 13.7 per cent from a year earlier, mainly because of brisk sales of gas-sipping compact cars to the United States, the Japan Automobile Manufacturers Association announced today. The association said Japan's car
      AFP  -  85 words
    • Article
      Lock icon Dow Jones
      48 1 AP NEW YORK, Thurs. Stock prices slipped in early trading today. The Dow Jones average of 30 industrial issues was down 3.07 to 883.28 in the first half hour. Declining issues led advances by a 3 to 2 margin on the New York Stock Exchange. AP
      AP  -  48 words
  • Article
    Chief Price Changes
    141 1 Rises Tronoh Mine* 990 115 D Keramat 1220 20 Tractor* 640 15 S T P 1975 625 15 l td Malacca 535 15 Ambassador 265 15 Kemayan 318 14 Public Bank 291 11 M Banking 745 10 O C B C 730 10 Min Sec 700 10
    141 words
  • Article, Illustration
    KUALA LUMPUR
    148 1 Rises FAN 5.90 20 Malayan (t) 20.00 20 Yeo HS (m) 3.44 16 Dutch Baby 2.13 15 CC M 5.96 15 Tronoh 9.58 15 Rahman Hyd 4.88 14 Kamunting 3.24 12 Pahang Con 1.40 10 Sg Bagan 3.90 10 Temerloh 4.88 10 Con Pit Wnt 5.10 10 Kempas
    148 words
  • Article
    HK govt brings charges against three
    134 1 The Hongkong government has brought 26 charges against three private companies and their directors, company secretaries and managers for their involvement in the highly controversial UK-based mining and construction group, Saint Piran Ltd. Charges against them include failure to disclose information relating to their
    134 words
  • Article
    Textile quota reallocation
    471 1  -  UPGRADING INDUSTRY AIM By RAHIM KASSIM THE TEXTILE unit of the Trade Department has modified its system of quota allocation for textile and garment exports in favour of companies that have improved their production methods. A Department of Trade spokesman said yesterday that this is in line
    471 words
  • Article
    SENTIMENTS REINFORCED
    532 1 SENTIMENT at the Singapore stock market was further reinforced yesterday by reports of substantially improved profit performances of several major listed companies for the first half year ended June 30. Heading the list was National Iron and Steel Mills which unveiled an 83per cent jump in group pre-tax
    532 words
  • Article
    Japan institute to render aid
    372 1 LOCAL companies may soon be able to draw on the technological know-how of Japanese companies when the Technology Transfer Institute from Japan sets up a regional office here. The office, to be called Technology Transfer Institute (Singapore) (TTIS), will be set up here next month.
    372 words
  • Article
    KL TRADE GAINS
    292 1 PENINSULAR Malaysia's trade surplus for the first six months of the year rose to M 52.33 billion from only $352.4 million in the same period last year. While imports rose 20 per cent from $6.70 billion last year to 18.01 billion, exports jumped 47 per cent to
    292 words
  • Article
    US tax office here
    149 1 THE US Internal Revenue Service (IRS) has set up a regional office in Singapore. The office, which began functioning at the beginning of this month at Liat Towers in Orchard Road is manned by two IRS officers. It will cover the Southeast Asia region from India
    149 words
  • Article
    Economy will stay buoyant for rest of year says MAS
    293 1 SINGAPORE'S feii my will esattne to ruih stnag for Ike rest of tkls year. ladastrlal prodnettoa Is expected te be malatelaed at klgfc level, tkaagk the aanaal gnwtk rate may not ke as klgk as the 18 per eeat achieved
    293 words
  • Article
    Hwa Hong's replies need clarification
    376 1  -  By ANTHONY TAN THE STOCK Exchange of Singapore (SES) has stated that replies by Hwa Hong Manufacturing Company to its earlier queries were unsatisfactory. SES said there are deficiencies in Hwa Hong's replies which still need further clarification. Hwa Hong was told that it had
    376 words
  • Article
    DOLLAR FALLS
    105 1 THE US dollar crashed to a low this year against European currencies even as gold reached a new high in London trading. Dealers said sterling gained on rumours that the Opec meeting now in session would decide to peg oil prices to the UK unit instead of the
    105 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      77 1 Earn 7%% interest per annum with an ACBC Fixed Deposit Account The Savings and Fixed Deposit Accounts at all our branches are fully computerised. This means you get even faster, and more convenient services at ACBC. ASIA COMMERCIAL BANKING CORPORATION LTD. Incorporated 10 Singapore 104-108 Robinsonßoad. SingaporeoloB. Tel *****22 415-417
      77 words
    • Advertisement
      Page 1 Advertisements Column 2
      61 1 See Perom, page 7 mm SHIPPING TIMES FIRST Exxea »ward for Sfogspm echelar.-~~~~- I ADVERTISING veatare ia Beijtag S NORTH Kerea seeks IMH teaaes «f MftlftysUft rakber 4 TALKS ea repieafekiag Opee's special faad 5 FORUM ea ridlls dcvdepmeat MALAYSIAN Airtlae's preflt pletare 12 MEMOPAD t, FUGHTB i, TV AND
      61 words
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      Page 1 Advertisements Column 3
      4 1 Leader...page I Leader...p*ge C
      4 words
    • Advertisement
      Page 1 Advertisements Column 4
      115 1 MONTHLY CONTESTS RICOH. I DTI2OO DTIBOOR Independent consumer studies in the United States rate Ricoh's total performance consistently high. In the area of reliability it has been rated the highest over all copiers in its class Ricoh places more copiers than any company in the world. A success we believe
      115 words
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  • TRADE AND INDUSTRY
    • Article
      KENT AND SUSSEX MISSION
      164 2 A TRADE mission from the Kent and Sussex Exporters Club, UK, will be in Singapore from Oct 1 to 6. Eight manufacturers will be represented on the mission which will promote a wide range of products ranging from anti-corrosion treatment to gift tinware. Other products to
      164 words
    • Article
      MEMO PAD
      384 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 II (12 lectures), Bukit Timah
      384 words
    • Article
      Safety for woodwork industries
      305 2  -  By JOHN LIM THE FOURTH Woodworking Industry Safety Month will be launched on Oct 1 by the parliamentary secretary to the Minister for National Development and MP for Bukit Panjang, Mr Lee Yiok Seng. The month-long safety campaign will be kicked off at the Regional Language
      305 words
    • Article
      Office holders of the IAM
      127 2 THE SINGAPORE branch of the Institute of Administrative Management of the United Kingdom held its first annual general meeting on Sep 22. The executive committee of the branch for 1979/1900 was elected with Mr Ong Cheng Han (assistant general manger of Asia Commercial Banking Corporation)
      127 words
    • Article
      OMO service for seven routes
      161 2 TO reduce operating costs, the Singapore Bus Service (SBS) will be converting another seven of its services to one-man-operation (OMO), bringing the total number of OMO services to 70. From the end of this month, service numbers 15, 80, 101, 126, 172, 178 and 197
      161 words
    • Article
      Nikko Electronics to make its toys here
      181 2 THE FIRST Singapore factory for making radiocontrolled toy cars will be officially opened on Oct 6. Nikko Electronics Toy, a Japanese-owned company with a five-year pioneer status here, will be opened by the Member of Parliament for Kolam Ayer, Mr Sidek bin Saniff.
      181 words
    • Article
      Forum on energy saving
      137 2 A THREE-DAY conference highlighting energy conservation and management in buildings will be held at the PUB auditorium from Dec 6 to 8. The conference is jointly organised by the Institution of Engineers, Public Utilities Board, Singapore Institute of Architects, the Singapore committee of the World Energy
      137 words
    • Article
      NPB course on the legal services
      86 2 MANAGERS requiring further information on the Implications of taxes and the various legal requirements can now enrol for the Itgtl «wH information services course organised by the National Productivity Board. The 10 sftinn course, from Oct 15 to Nov 5, will also help participants
      86 words
    • Article, Illustration
      NEW WORD PROCESSOR
      215 2 A NEW wri pnewir has beta latndMed to Slagaptre the Mmtype M repraratiig Ike eatry d NiMtype Ctrpmta (Beath wit Aria) which has established Itaetf la the etmpitoiM phria IjpiaiiUlag and werd-preeeeaiag field riaee the la* deeade. The $SMM system (picture mktre) pidtlii the keykeard, vtsaal display
      215 words
    • Article, Illustration
      Exxon award for Poh Suan
      100 2 BASHFUL Miss LEE Pah Suan (abeve) has been awarded the first Exxon Chemical Singapore scholarship for her honours year at the University of Singapore chemical engineering department. The scholarship, worth $2,500, carries no bonds and is open to chemical engineering students who are citizens or
      100 words
    • Article
      Nylon wheels tougher than steel
      215 2 THE Du Pont company has designed the world's first nylon bicycle wheel. It weighs less than a conventional aluminium or steel wheel and is tougher than either. Used in motocross bike racing, this moulded wheel is made from two Du Pont engineering plastics. Both are
      215 words
    • Article
      KL forestry institute to set up plants
      443 2 THE Malaysian Forest Research Institute has made ambitious plans to establish pilot plants for the production of cement-based panel products, pulp and paper, rayon and other forest products. Disclosing this at the seventh Malaysian forestry conference in Penang yesterday, the Institute's director, Dr
      443 words
    • Article, Illustration
      Two senior engineers coming this way
      90 2 THE PBBBDENT tke Iwttteto ef CM Esteem, Pntaw Bex Ceetee (M; Hi Ike mwtofy. Mr B Cunpkefl, irllike la frta Oct tto 00ft if ee pari ttdr flwlfc fit irfu tow. Ike tw» mm will Meet fetlew mtmkm to Makyriu, flefem aai HMgkMg. Tkey
      90 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      266 2 If you make business decisions in Asia, you need TheAsianWill Street Journal. There is only one single,comprehensive, timely source of business information for busy executives in Asia The Asian Wall Street Journal. As Asia's only regional daily business publication, we provide news that is timely, authoritative and backed up by
      266 words
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  • REGIONAL
    • Article
      Lock icon Taiwanese plan to tap foreign technology
      355 3 AFP TAIWAN has worked out a plan to import 19 industrial techniques from countries with more advanced technologies. Most of the techniques would be imported from the United States, with the rest coming from West Germany, Switzerland and other European nations, as well as
      AFP  -  355 words
    • Article
      Lock icon Trade is no business of army officers
      181 3 Reuter INDONESIAN military officers will have to stop their business activities or leave the services, Security Minister General Mohammad Yusuf, said on Wednesday. "If they want to get involved in trade, we will put them on early retirement," the General said after a
      Reuter  -  181 words
    • Article
      Lock icon Sinclair quits on allegations of misconduct
      231 3 Reuter A SENIOR Australian Cabinet Minister resigned yesterday after allegations of misconduct in his business affairs, dealing a serious blow to the government of Prime Minister Malcolm Fraser. Mr Fraser's credibility had already been hurt by the dismissal or resignation of six other ministers
      Reuter  -  231 words
    • Article
      Lock icon More sales expected
      160 3 Reuter HONGKONG manufacturing industry expects overseas sales to rise by 5 per cent in volume terms and domestic sales by 3 per cent in the second half of this year compared with the same 1978 period. The same survey of over 500 manufacturing firms showed they expected
      Reuter  -  160 words
    • Article
      Lock icon Firm suspended from trading
      356 3 AP THE Manila Stock Exchange has suspended trading operations and is auditing the books of one of its most prestigious member firms because of the unexplained absence of the company's principal officers. Exchange president Simplicio Roxas said yesterday the firm of Enrique Santamaria and Co, was
      AP  -  356 words
    • Article
      Lock icon Move on corruption
      152 3 Reuter THE Sri Lanka government will appoint a commission to investigate allegations of corruption against present Members of Parliament. Minister of State Anandatissa De Alwis said that High Court judges would be appointed to the commission and would hear evidence in private. They could submit a report
      Reuter  -  152 words
    • Article
      Lock icon British upset over Australia's ill-timed trade privileges
      252 3 UPI BRITISH officials were angry aad embarrassed en Wedaeaday ever Australia's uMueemcat that trailttoaai trade pirttttw far Britain were abaat ta be British trade wrew said officials sapervtriag the visit to Caaherra at the British Minister far Trade John Nett were aaaeyed at
      UPI  -  252 words
    • Article
      Lock icon Through Finland
      77 3 AP SOUTH Korea will try to expand its trade with the Soviet Union and other East European nations by establishing private joint ventures between South Korea and Finland, a Foreign Ministry official said. Mr Roh Jae-won, Trade Bureau Chief of the ministry, said that the Korean and Finnish
      AP  -  77 words
    • Article, Illustration
      BEEF FREEZING
      170 3 AN AUSTRALIAN company has developed a new technique to double freezing capacity without extensions to existing installations. Commonwealth Industrial Gases (CIG) of Brisbane, a division of the British Oxygen Company of London, evolved the new technique after two years of research. The system, of particular importance to Australia's
      170 words
    • Article
      Lock icon US moves to alleviate refugee pressures
      391 3 NYT US Administration officials are consulting with allies and Congress on steps to alleviate expected military and refugee pressures on Thailand caused by the apparent new Vietnam offensive in Kampuchea, American officials said. Secretary of State Cyrus Vance conferred with Australian and New Zealand
      NYT  -  391 words
    • Article
      Lock icon Advertising venture in Beijing
      340 3 NYT MCCANN-Eriekson Worldwide, one of the world's largest advertising agencies, announced on Wednesday that it had established a joint venture in Beijing and is prepared to handle advertising in China for Western corporations and advertising in the West (or Chinese government-owned foreigntrade corporations and other organisations.
      NYT  -  340 words
    • THE REGION IN BRIEF
      • Article
        Lock icon CHINA'S PROPOSAL
        573 3 Agencies CHINA has proposed to exchange scientific and technical knowhow on agriculture with Taiwan. The offer was made during a press conference, given by Mr He Kang, ViceMinister at the State Agricultural Commission. He said the Chinese government "repeatedly expressed the wish to strengthen exchanges between the two
        Agencies  -  573 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      225 3 Over 3 mill ion Europeans drove the Fiat 127 to the No.lseflingspot in Europe. Aloiigthe way, the Fiat 127 has been strenuously tested for Economy, Reliability and Comfort Economy: The lowest fuel consumption in its Class VKHljii The 903 cc engine is most economical for nippy driving, it gives a
      225 words
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  • RAW MATERIALS
    • Article
      N. Korea seeks 10,000 tons of M'sian rubber
      546 4 NORTH Korea is expected to conclude an agreement with Malaysia within the next few days to take delivery of about 10,000 tons of rubber to be supplied over a three-month period. According to the North Korean Minister of Foreign Trade, Mr Choi
      546 words
    • Article
      Lock icon Indonesian coffee exports down
      198 4 Reuter INDONESIA'S coffee exports fell sharply in July and August following the suspension of export licenses and the imposition of a steep new export tax when the suspension was lifted, informed sources said yesterday. They said Indonesia exported no more than 3,000 tonnes in each of
      Reuter  -  198 words
    • Article
      Duty rates
      87 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from September 27, until further notice: Rabber: ***** cents a kilo; Copra: M 51,035.48 a tonne; Palm kernel: $955.75 a tonne; White pepper: $4,656.16 a tonne; Black pepper: $3,155.64 a tonne; The rates of duty payable
      87 words
    • Article
      Straits tin
      69 4 THE STKAITB tto price 1b Peuii jhMw mm Mill per pieal to Sill Jit, dealers hUL to sterllag'a strength agatat toe Malaytfaa dettor, ceepled wtto Ike timer treadto Laadea «P»* th aad haytog tram Japaa, Earepe aad toe US. The eeattaaed small toraever which totalled ealy 119 toanee
      69 words
    • Article
      Closing prices
      31 4 Rubber: Sept 27 Singapore: October: 288.50 cents (up 5.25 cents) Malaysia: October: 288.50 cents (up 5,00 cents) Tin: M$ 1,972 (up $10 Official offering: 170 tonnes (down 26 tonnes)
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    • Article
      Hongkong Comex
      133 4 THE SUGAR futures market yesterday closed firmer with no trades registered, dealers said. Nearby October closed at 9.86/9.90 US cents against Wednesday's 9.42/45 close with September at 12.00/04 against 11.62/70 cents. Sugar futures elating prices: PWVlsgs CM* CM* Oct 9JMO 9.42/45 Jan 10.34/76 10.1S/4D March U.lO/12 10.68/80 May
      133 words
    • Article
      RUBBER
      240 4 THE SINGAPORE closed higher yesterday with October One RSS buyers quoted at 288.50 cents per kUo, up 5.25 cents from Wednesday's close, dealers said. Morning prices were marked up about 6.25 cents on covering interest and some forward demand while a stockpile statement from Los Angeles concerning the disposal
      240 words
    • Article
      RAS PRICES
      304 4 R.A.8. prices in cenU per kilo yesterday: Nooa (per kilo) Buyers Seller* Int. 1 R.S.S. prompt f o b. 289.50 290 50N Int. 1 R Si. October 290 00 290 50 Int. i R.S.S. November 294.75 296 25 Int. 2 R.S.S. m00 284.00N UK/Coot 282.00 383.00N Int. 3
      304 words
    • Article
      SSR and SMR
      97 4 NOON SSI KAS SSR20 SSR SO 1 and 8MR pnem yml (1 loo pallrt) (1-ton paito) arday Octol iCirml h;m 1 288. SO 265 50 Mr 1 Mtfc) 270AON 287 SON NoT«ab«r (Forward Htk) Bajrara Sallara 288.50 270.50N ***** 287.SON MRELB SMRCV SMRL SMR CP SMRS SMR
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    • Article
      Produce exchange
      347 4 CONDITIONS remained quiet all round at the Singapore produce market yesterday. Business was minimal and confined to small lots of selected commodities sold to consumer countries in the region. The pepper sector iav prices moving on an easier Mas in routine cross trading. A bearish factor is the
      347 words
    • Article
      Textiles
      144 4 YARN and cotton prices were quoted as follows in Hongkong yesterday (In HK dollars. «po< ex-godown) CXI— yam: Chin* Blue Phoenix 20s 2.330 32s 2.850, 40a 3.060 (per bale of 400 Iba). Piece goads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lam be unq; Flower and
      144 words
    • Article
      Rice
      331 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0.88, 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 0.10. THAI BROKEN: A-super 0.82. Special 0.58.
      331 words
    • Article
      LONDON MARKETS
      573 4 COCOA: Terminal cocoa lost up to £23 per tonne at the first call yesterday morning based on higher sterling and New York overnight levels. Pricea rallied during after the call to reduce losses by around £10. Stop-loss selling seen in the early stages but soon replaced by dealer
      573 words
    • Article
      Palm oil
      70 4 C.I.F. North European ports, In US dollars per ton unless otherwise stated. LONDON: Wed Previoua Malayaian 5 r < ff« bulk per tonne November 635.00.lr 642.00»lr Sumatra 5 r ffa bulk September October November December January 647.50slr 645.00»lr 645.00»lr 645.00»lr unch 655.00»lr 647.50pd 646 50pd 647.SOpd 652.50pd Nigeria
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  • ASIAN STOCK
    • Article
      Lock icon Market bullish
      654 4 TOKYO Source: DBS-Daiwa THE MARKET was bullish yesterday and almost all sectors advanced sharply. The Nikkei Dow-Jones average posted an all-time high of Y6,539.71, soaring 61.85 points. Volume continued to be heavy 520 million shares. Stimulated by sales efforts of securities houses, the market gained solid ground. Main
      Source: DBS-Daiwa  -  654 words
    • Article
      Sydney
      310 4 MINING share led the market higher yesterday following the takeover bid announcement by CRA (or BH South, dealers said. There was continued buying in the Nabariek uranium Joint venture part* ner Kathleen Investments and strong interest in base metal producers as world prices continued bullish. With investors waiting to
      310 words
    • Article
      Manila
      170 4 THE market cloaed mixed yesterday, led by mining issues oo sharply higher turnover of 15.9 million pesos against M million on Wednesday, dealers said. Oils finished strongly mainly on confirmation of another strike In the^Nido area and reports of bright prospects over tbe next few months. Gainers include Atlas
      170 words
    • Article
      Bangkok
      237 4 sep n Asia Credit Bahts 212 -4 Aila Mbre 183 -2 Aruthajra Inv. And Trust Bangkok Inmtmint 228 ♦I Banckok Bank 340 unch B^kok^ Banckok Insurance 10» 4-6 Bangkok Metropolitan Ban m« -2 Bangkok Nylon Bank Of Asia H m unch Bank Of Ayudhaya Ltd 222 .2 Bata Berli
      237 words
    • Article
      Lock icon Hongkong
      319 4 Source: SHK See THE MARKET suffered a set-back yesterday following the frantic buying of the past week as profit-takers outweighed fresh overseas orders. The Hutchison-Whampoa/ Cheung Kong saga continued with an announcement from Hutchison that the Cheung Kong chairman, Mr Li Ka Shing, was invited to join the board
      Source: SHK See  -  319 words
    • Article
      Selected indices
      25 4 H.K.HANG SENG Thursday 983.70 Wednesday M&2S WMktio ..***** SYDNEY INDUSTRIALS Thursday.- M1J9 Wednesday 536.44 WMk«|0 —537.96 ALL ORDINARIES Thursday M34B Wsdnatda? 876.7V Week
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      244 4 I ill fJFITHE FIRST INTERNATIONAL RUBBER AND PLASTICS EXHIBITION FOR ASIA WORLD TRADE CENTRE, SINGAPORE. 26-30 MAY 1980. Every year, thousands of new rubber and plastic products enter the market. Whether for use in industry or the home, every product reflects some new development in engineering or marketing expertise. If
      244 words
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  • OVERSEAS
    • Article
      DAILY AIRCRAFT MOVEMENTS
      658 5 ARRIVALS Service Local Operator Number Tine From GIA GA908 1100 MES PAL PR501 1135 MNL SIA SQ63 1155 MNL SLA SQ1 1155 SFO/HNL/HKQ SN SN287 1200 BRU/DXB BKK SIA SQ240 1210 MES GIA GA982 1230 HLP SIA SQ911 1240 SFO/HNL/GUM MAS MH684 1245 KCH SIA SQ201 1245
      658 words
    • Article
      Lock icon Washington promises to restrict oil imports
      408 5 Reuter THE UNITED States promised the major Western industrial powers and Japan that the Carter Administration will impose mandatory quotas or other restrictions to keep oil imports within agreed limits. At an energy ministers meeting in Paris on Wednesday, the European Common Market announced
      Reuter  -  408 words
    • Article
      Lock icon EEC woos Brazil
      145 5 AP EUROPEAN Common Market Commission vice-presi-dent Wilhelm Haferkamp will visit Brazil from Oct 9 to 11 to discuss the possibility of broadening trade and economic relations, a Commission spokesman announced on Wednesday. The Commission said it was in the economic as well as political interest of the
      AP  -  145 words
    • Article
      Lock icon Inflation will be key topic at IMF World Bank talks
      313 5 Ruter BANK «f Japan Governor Teflehira Mortnaga said ear Mag laflattaa will be the mala theme, at the IMF/ Wsrid Bank meettag In Belgrade next week. Mr Mariaaga, who will represent Japan at the meettag, said mjw aattaaa are agreed
      Ruter  -  313 words
    • Article
      Lock icon Talk on replenishing Opec special fund
      613 5 Agencies FINANCE minister* from the Organisation of Petrole um Exporting Countries were scheduled to meet in Vienna yesterday for talks on replenishing the Opec special fund to aid poor developing countries, amid reports that another increase in oil prices may be necessary in the
      Agencies  -  613 words
    • WORLD IN BRIEF
      • Article
        Lock icon ELECTRONICS BUSINESS
        373 5 Agencies IRELAND is set to become one of the world's leading producers of electronic equipment, Mr David Hanna, electronics director of the Industrial Development Agency (IDA), affirmed. There are more than 70 foreign electronics companies in Ireland. In the course of the first nine months of this year
        Agencies  -  373 words
    • Article
      Lock icon W.GERMAN ECONOMY NEARING PEAK
      127 5 Reuter THE West German economic upturn is approaching its peak, with continued favourable development expected for the next few months, although rising prices are a forerunner of more serious wage disputes, the DIW economic research institute said. Inflation rate will ease in the short term but
      Reuter  -  127 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      103 5 AT TODAY'S PRICES YOU WANT —1-L''' <" /"~#r r arjA' i 2 K > Take advantage now of locally assembled prices: 1.6 GL $17,541 (PARF) 2.0 Ghia $22,285 (PARF) 2.0 Ghia $25,833 (PARF) (Auto) cx>rrifc>rtabjy 5 adults with plenty of tegroom £\ega nl sty\\n9 S^FEJXLinop*«tiv front end stability A /X
      103 words
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  • Article
    Time permits no half-measures
    421 6 TEXTILE manufacturers will find no sympathy if they should cry out for assistance following the Trade Department's move to re-align quota allocations. Since the Government announcement earlier this year of its intention to restructure the industrial base of the economy, there should have been no doubt
    421 words
  • Article
    Better to develop than buy technology
    262 6 SOME highly relevant questions are raised by the comparison of two news items today. In Singapore a Japanese group has initiated a scheme to offer technology seminars and consultancy advice to local companies. In Taiwan the state-financed technology research institute has unveiled a plan
    262 words
  • Article
    International cooperation a war vaccine
    1079 6  -  By FRIEDA KOH THE REALISATION that having the Americans as allies is not the panacea for all ills has resulted in the Japanese showing a greater determination to take their destiny into their own hands. Japanese defence leaders admit that military power does not mean
    1,079 words
  • Article, Illustration
    Lock icon New civilian rule for Nigeria
    958 6  -  After 13 years of military rule and some horrific crises, Nigeria is almost strangely calm as the new civilian government prepares to take over the reins of power on Oct 1, reports MARK WEBSTER. MARK WEBSTER FT CHOKING on dust and petrol fumes, it is
    FT  -  958 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      119 6 Aofa s v No j rr 3 m w rs S.V x% V I. s <* as 12 s£=? S! 4 ste < i X 'I, At last, reach the big spenders. Leisure Times is right on target For as little as $15, you can reach the swankiest, the best
      119 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1300 6 r DON'T MISS FORUM FORUM, nautuM agala after havlag left the small sereea fer seme tine. Placed late Chaaael 5 at l-JOpm toaight, the tomes dlseassed will he Blagapsre's staad la Aaeaa sa the refsgees aad the EanpaPsiats ate alss raised sa the rate ef prsgress la glias I greap
      1,300 words
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  • Article, Illustration
    Lock icon Revving up their drive
    1596 7  -  "Better to have models that everyone wants and are in short supply than capacity you can't use," says a Ford director. KENNETH GOODING reports on the marketing strategy of European car manufacturers. KENNETH GOODING FT THERE was a certain air of defensiveness among the senior managers
    FT  -  1,596 words
  • Article
    STRAWS IN THE WIND
    412 7 GUESTS at a recent dinner party held at the Carlton Hall, Goodwod Hotel, were much taken up by the fact that the I waiters seemed to know exactly who ordered chicken as the main course and who were taking steak. The correct meat was placed in
    412 words
  • Article
    Trade mission to Latin America
    589 7  -  Letter to the Editor MICHAEL LEE Depaty Dlreetar Dear Sir I refer to the leader article entitled "How much is an order worth?" which appeared in the Business Times of September 21st, 19T9. Your writer is apparently not aware of several things when he wrote
    589 words
  • Article
    Skilled workers in name only
    807 7  -  FORUH With QUEK PECK LIM EVER SINCE the National Wages Council (NWC) recommended a higher than usual increase in the wage bill in support of the policy to restructure the economy,.the debate has waged loud and long about the Skills Development Fund and the funcuon
    807 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      267 7 NowtThe 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 that
      267 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        159 8 SEP 26 FU abn via on unch Ahold mso -1.1 MM 4|i AMEV Am J as Amro Bank H 7130 03 9SJ0 106.00 +W 23 Boll Borsumij ZZZ 170.00 -I Burhmann 42-50 41 Byenkorf Calve Delft HI 174.70 13 Deli Mtj mjo -1J Ennia Kokker Ford I 367.00 i
        159 words
      • Article
        Paris
        267 8 SEP 26 Fr» CORBEILLE Air-LiquMc 519 ♦1 B S N (kmli Dtnone 981 -IS C S F (ThoouonC»f) 471 -4 CM Francalae da Pelroie* 271 +3 Comptinlt Financier* Compafnte Gfnerak 300 ouch Credit Fancier < De France 564 -2 Hachette (Ubcaine).'. ***** -LI Machine* Bull too -4X36 Mtchehn (B)
        267 words
      • Article
        Frankfurt
        208 8 SEP 30 Dm Aef-Tetetunken 44.10 -0 4 Akao a 90 -01 Aits Leben (4Sb00 -5 A1U Vera 400.00 0 BASF 1*» *\2 Bay H T Wbank 2S6 00B Bay Vbank -1J Bayer HZ 132J0B BBC sua BMW *****0 Caaaella 3f»J0 1 Chem Verw rwooe 301 JOB Commerabank unch Contl
        208 words
      • Article
        Zurich
        169 8 sep as Francs Actions Suisse* Almuli Br. SOB 1310 5 Alusuisse R«f Brown Bovcrt Br. SOB 1M6 unch 15 Clba Oelfjr Br UK ♦10 Ob« Oelgj P C Cite Oetfjt Ret Credit Suuk Br Credit Suisse Ret EJektrowaU Br. 1035 717 rm 430 mo ♦1 30 2 -30 Oeorte
        169 words
      • Article
        Brussels
        95 8 SEP M m A FORWARD MARKET AffC mn 2 Med^ZZZZZ taao -S Astur ma unch Bructn MS ft Bru-Lixnb IT* S Cinptc mm > Oock 413 1 De Been SB •1 tin an S EMtVOM mm 10 Ob-Inno-Bm mm •10 oe* uit -M Hobo* MIA 8 Petfo WTO 10
        95 words
      • Article
        Milan
        92 8 SEP a urt Anic II -L* Ajaoc o«n an *010 BuUV CM 1 Central* OH FlM 3B06 13 rudder 111 L5 On Immob 1U unch in Prt na Italcemenu 217*0 IUl«as CM *1 lUMcr Ml MtintU M rt -3 Mar*111 Ere Ml -M Medlob «T!M -XM Ntralanaa 21*70 M
        92 words
    • Article
      TORONTO
      170 8 SEP M AbttUH es n a M M u S .s s s a n n a V FN unch W unch r»npf In* Pf Carting OKnlt Comneo Com Bath Com lUrtnor Dantof Dvnbon «»s 14. J*» unch «<. ♦>» M -US r»konbrtd|i Piteonbrttg* Cop TP. —s OtnsUr Oi
      170 words
    • Article
      JOHANNESBURG
      293 8 SEf M Rand INDUSTRIALS A Alpha MB 3 Abtrcon m >10 AX And CI ill 12 A MIC 1MB aneh MB +S Cm Sucv C*A m *10 MB unch Cum* Finance 1M +3 Ucon MB unch Upn MB Eveready FM Votk MS -ft ru«ti UB unch OaMtan Otentnl Onlton
      293 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      571 8 See Page 4 for Asian stocks e See Page 9 for NYSE prices Where to wine, dine and entertain 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,
      571 words
    • Advertisement
      Page 8 Advertisements Column 2
      159 8 ULz «r «T < Merlin's New Coffee House Delicious drinks and beverages, scrumptious savouries and snacks, and authentic oriental delights are yours to enjoy at Merlin's new Coffee House. The decor is stylishly cool and the atmosphere cheerfully casual, which, together with the fine food, make Merlin's new Coffee House
      159 words
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  • BANKING AND FINANCE
    • Article
      Singapore market
      524 9 THE US dollar (ell sharply against the Deutschemark and the pound yesterday, ahead of today's release of US trade figures for August. The dollar started weaker at 1.7525/36 against the mark compared with the Wednesday's close of 1.7680/ 90. Activity was quiet in the morning but picked up
      524 words
    • Article
      London
      184 9 THE US dollar yesterday slipped further to open below closing levels here and in New York, dealers said.^ Starling, buoyed by rumours that Arab oil producers may accept sterling in place at dollars for oil, firmed further. The pound opened at U*****65/75 compared with its overnight close here of
      184 words
    • Article
      PLR
      22 9 THE average rate at which major Singapore banks are currently prepared to lend to their beat customers is 8.9 per cent.
      22 words
    • Article
      Asian $ rates
      181 9 Asian rates ASIAN currency deposit Interbank rates as at close on Sep 27: USMUngjSpt) 7 days 12 11H 1 month 12' 4 12'* 2 months 12'4 12H 3 months 12*. 12M 0 months 12V. 12 H 9 months 12"« 12'* 12 months 121/16 12 SwJr*. Das. <MU4U 11 i i
      181 words
    • Article
      Discount
      11 9 .'■V" HkJJtJWj jprtTTrr TMTV TmT^H Source: National Discount Co Ltd
      11 words
    • Article
      Australia/NZ
      56 9 AUSTRALIA/NZ exchange quotes on Sep 27: US dollar -1.1306/1.1257 Sterling 0.5156/0.5092 Ninety-day air mail buying rates: Sterling 0.5380 US dollar -1.1753 Ninety-day forward buying rates: Sterling 0.5214 US dollar -1.1385 NEW ZEALAND: Reserve bank midrate: US dollar -1.0041 Trading bank indications: Sterling 0.4576/0.4546 US dollar -1.0091/0.9991 Ninety-day airmail buying
      56 words
    • Article
      Gold
      299 9 THE SINGAPORE gold futures market yesterday closed sharply higher, following limit-up suspension in active late afternoon trading, dealers said. Prices advanced between US$ll.lO and US$l6.OO, with total turnover amounting to 494 lots compared with 426 overnight. Interest was mainly on December and February contracts. December closed at U*****.00/5.00 •an
      299 words
    • Article
      Tokyo
      158 9 THE US dollar for overnigtot delivery closed at 222.75 yen yesterday, slightly up from a 222.10 opening but down from 223.00 at Wednesday's close, dealers said. Trading was active with the volume totalling $921 million. The dollar fluctuated between 222.50 and 222.75 yen in moderate late trading after early
      158 words
    • Article
      Hongkong
      194 9 THE German mark was actively traded in late Hongkong exchanges yesterday but remained little changed from early levels on fairly well-balanced buying and profit-taking activity, dealers said. The mark stood at a late 1,7522/27 to the US dollar after an early 1,7520/90 and New York overnight closing of 1.7555/65,
      194 words
    • Article
      Market achieves a modest gain
      1343 9 NEW YORK STRENGTH in natural resource and oil issues helped the stock market on Wednesday to a modest gain in active trading despite weakness in some glamours and blue chips. The natural resource stocks were benefiting from higher commodities prices, particularly copper, and from investor
      1,343 words
    • Article
      LOCAL
      139 9 insurance companies have, in the past, always tended to be insular, "nie market seemed large enough to bless them with modest growth and profits were not a thing to complain about. All that has changed in recent years, of course, with competition leading sometimes to market malpractices, undercutting and
      139 words
    • Article
      TALKING
      69 9 about China, the market has it that very soon a senior executive of the Overseas Union Bank (OUB) will be making a visit there. The bank's chairman has been travelling to China at least twice this year, presumably for business, and this time around, it is said, the bank's
      69 words
    • Article
      Finnish set-up anticipated
      260 9 ANOTHER Urge European bank intends to operate an offshore currency unit in Singapore next year. Foreign banking sources reported that tbe Union Bank of Finland, Finland's largest commercial bank, plans to open a merchant banking subsidiary in Singapore next February. Tbe Finnish Central Bank has already approved
      260 words
    • Article
      MHT's foreign currency review
      458 9 TRADING in the foreign exchange markets since the beginning of this month has been characterised by a general US dollar weakness against the European currencies. The yen, however, eased against the dollar due to rising American interest rates and an unfavourable tade balance for August. Although
      458 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      73 9 THE FUJI BANK, LIMITED SINGAPORE BRANCH USs2l,m,Ml NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE 30TH MARCH, 1981 AID 29TH MARCH, 1982 In accordance with the provisions of the Certificates, notice is hereby given that for the Interest Period from 28tn September, 1979 to 28th March, 1980 the Certificates
      73 words
    • Advertisement
      Page 9 Advertisements Column 2
      23 9 men and women at the helm 555T A Lr \r ffk [1 H «> > i<* mjLf i f% Available now at $40.00 a copy
      23 words
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  • Article
    BUSINESS DONE ON THE SES & THE KLSE
    1767 10 BUSINESS DONE ON THE SES THE KLSE In Singapore BID and otter price* officially listed and business in an reported to the Stock Exchange at Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified SECTION ONE < INDUSTRIAL COMMERCIAL Acma
    1,767 words
  • Article
    Unit trusts
    158 10 SINGAPORE UNIT TRUST (Ms—gir»' irtew hrg^lB) The Commerce 2.M 2.» The Saving Fund 1.41 i 4) S pore Prof Fund O K l .oud S pore Sec. Fund 1.72 1* S pore Invest Fund 1J| 131 S pore Equity Fund 1.00 l.Ot INCOME RON (Ounat pa Income Bond
    158 words
  • Article
    SHARE INFORMATION SERVICE
    2775 10 Gr*s Gr's Net 1979 Last Div Div Y'ld P/E Vol n.v High Low Company Sale or- Cvr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 281 207 Ac ma 241 1 15.0 2.2 6.2 12.3 11 243 240 196 123' Alcom 198 10.0 13 5.1 26.1 148 no
    2,775 words
  • Article
    Government bonds
    108 10 4 1/2% 1/8/80 (250.000) (***** 88.655) 4 3/4% 1 ft/0/80 (250,000) (98.528 98.706) ft 1/4% 1/3/81 (250,000) (98.158 98.205) 8% 1 ft/4/81 (250,000) (97.558 97.605) ft 1/2% 1/5 79-81 (250,000) (98.158 98.355) ft 3/4% 1 /9/79-81 (250,000) (98.208 98.405) 7% 15/4 85 (250.000) (100.458) 7% 1/8/85 (250.000) (100.406)
    108 words
  • Article
    In Kuala Lumpur
    1798 10 BID and otter price* officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number at share* traded shown in brackets In lots of 1,000 units unless otherwise specified INDIBTRIALB Alcmb (1.938) (2) 1.93 ad A Cbae (I MS) AMD (045
    1,798 words
  • Article, Illustration
    Prices end marginally higher
    731 10 BHARES ctaaed oaly margiaally higher at the Stock Exehup af Bkppm yeaterday follcwtag protlt-tak-which eat abort a hrtek opeaiag rally. Baying trim eanM ever from Wciawby nir for a katyut apsalag rarialsceat af the Ml market of yesteryear. Thle was followed by seme praftt-tokiag with a
    731 words
  • Article
    Profit-taking cuts gains
    466 10 PROFIT-TAKING in the afternoon offset earlier gains and prices closed on a mixed note on the Kuala Lumpur stock market yesterday. Trading was again brisk and total turnover ballooned to 5.44 million units worth MJ12.99 million from 4.23 million units worth $10.11 million previously. The expansion in
    466 words
  • Article
    Stock options
    45 10 Striking price* of the opboas officially bated cm the Stock Exchange of Mmmw fwterday, the period, bkk aad offered prion aad baian doae, if with the aomber of op- 2 ttoae traded rtMara ia braafc Dm* (Sept-CJB)<-) <I>Ml itf A 1 <s nj <->
    45 words
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  • COMPANY NEWS
    • Article
      TURNING POINT FOR SIM LIM
      779 11  -  By ANTHONY TAN THE SIM LIM group is confident that earnings to be derived from its property development projects in the next couple of years will eventually enable it to wipe off losses of nearly $14 million accumulated over the last four difficult years. 'Chairman
      779 words
    • LITEST RESULTS
      • Article
        APOLLO Enterprises Ltd
        82 11 Net profit before tax of $692,000 ($2.17 million) for the six months to June 30 on turnover of $7.4 million ($6.39 million). Apollo Singapore made a profit of $2.02 million ($2.17 million). Apollo Sentosa incurred a loss of .$1.33 million (nil). Interim dividend of 5 per cent
        82 words
      • Article
        BOUSTEAD Holdings
        51 11 Profit before tax of $8.7 million ($6.55 million) for the half year ended June 30 on sales of $59.90 million ($48.83 million). Earnings per share came to 7.8 cents (6.1 cents). The group expects further growth during the current year and forecasts profits slightly in excess of $20
        51 words
      • Article
        MALAKOFF Bhd
        43 11 Pre-tax profit of $3.87 million ($2.55 million for the six months to June 30 on sales of $14.13 million (10.49 million). Earnings per share came to 7.8 cents (5.1 cents) The outlook for the remainder of the year is reasonably encouraging.
        43 words
      • Article
        TRENGGANU Development Management Bhd:
        47 11 Group pre-tax profit of 1843,000 (1237,000) for the six months to June 30. Share of profit of associated company came to $1.09 million ($107,000). The company said barring unforeseen circumstances, performance in the second half will be substantially better than that of 1978.
        47 words
      • Article
        PAN-Electric Industries
        64 11 Group operating profit of $4.02 million ($2.94 million) for the six months to June 30 on revenue of $45.64 million ($4O million). Group pre-tax profit came to $948,000 ($236,000). The company is expected to make continued progress in the level of turnover and profitablility. Overall, the directors expect
        64 words
      • Article
        GROWTH Industrial Hold- ings
        53 11 Group pre-tax profit of $1.09 million on income of $1.39 million for the six months to June 30. The parent company pre-tax profit was 1956,000 ($2.02 million) and income was $1.12 million ($2.11 million). The results include dividend declared in June this year by Pan-Electric in
        53 words
      • Article
        NATIONAL Iron and Steel Mills Ltd
        74 11 Group net profit of $15.25 million ($8.70 million) for the six months ended June 30 on turnover of $121.34 million ($83.64 million). Parent company net profit was $14.20 million ($7.72 million) on turnover of $114.06 million ($78.80 million). Interim dividend declared was 13 per
        74 words
      • Article
        TASEK Cement Bhd
        49 11 Net profit of M 510.73 million ($9.29 million) for the year ended June 30. First and final dividend declared was 10 per cent less tax (same) making total of 10 per cent (17 '/i per cent), payable on Nov 3 to shareholders registered on Oct 19.
        49 words
      • Article
        ESSO Malaysia Bhd
        42 11 Unau- dited net profit of M 518.9 million ($7.3 million) for the six months ended June 30. Interim dividend declared was 15 per cent tax exempt (10 per cent), payable on Nov 19 to shareholders registered on Oct 23.
        42 words
      • Article
        SEALION Hotels Ltd
        59 11 Unau- dited pre-tax profit of $2.13 million (no comparison) on turnover of $18.88 million for the six months ended June 30. This is the first time the company is presenting accounts on a half-yearly basis and hence no comparative figures are available. The company expects to maintain
        59 words
    • Article
      PMCW queried
      280 11 THE Kult Lam par Stock Exchange wants Pan Malaysia Cement Works (PMCW) to confirm that an extraordinary general meeting will be held to approve tke substantial Increase la group investments In quoted eerperattons as dtacl—ed In Its latent aaaaal report. PMCW'a kalaaoe skeet skewed tkat greap holdings of
      280 words
    • Article
      COMPANY BRIEFS
      175 11 MALAYAN (Jilted ladastries Bbd (MUD) said it expects group profit for the current year ending Dec 31 will show a substantial improvement compared with the previous year, when pretax profit amounted to MI791.783. The company was replying to Kuala Lumpur Stock Exchange queries on its proposed four-for-five bonus
      175 words
    • Article
      Hutchison Whampoa estimates asset value
      409 11 HUTCHISON Whampoa Ltd said it estimates the group's current net worth at HK$5.B billion, equivalent to (14.40 per ordinary share. The company said in a statement that the estimated figure, which is net o( all liabilities and preference capital, is conservative but realistic, and based
      409 words
    • Article
      Setron (M) asked for sales figures
      286 11 SETRON (Malaysia) Bhd has provided few details in its announcement of results for the six months ended June 30, 1979. The company has unveiled an impressive near fourfold increase in pre-tax profit to $556,556 for the period as against $118,148 previously, but it has
      286 words
    • Article
      DIVIDENDS ANNOUNCED
      544 11 Carrent 5* Book a Date Total for Total for Payment Date Cloae Payable tbe year Previous year H GilfUlan SHI Sept 14 Sept 26 Sept 28 5* 20* Hotel Miia 10*1 Sept 7 Sept 14 Sept 28 10* 10* Ming Court 7.5*1 Sept 7 Sept 14 Sept 28
      544 words
    • Article
      SCRIP ISSUE
      152 11 Compmmy Particular* Ei Date Books CIom VAC Tu Ck«i| Hoif Leon* UOB Kalis SEA Can Temtrhk Fmmey TIU MUM Bonus Issue of 1 for 3 Bonus Issue of 1 for 3 RlfhU Issue of 3 for 4 t $1.60 per share Bonus Issue of 1 for 10 Rights
      152 words
    • Article
      Raleigh still in the red
      279 11 RALEIGH Cycles, which is currently having talks that could lead to a merger with Far East Metal Works in order to improve its depressed market position, is still pedalling below the profit line at the interim stage. The company, battered by drastically reduced export sales,
      279 words
    • Article
      Lock icon Boost for Haw Par
      405 11 ■aama 95TCK3I2™ by HOCK LOCK SIEW AS THE MARKET takes a breather in the next few days, investors and analysts will be given time to reassess their holdings and pause to consider the latest corporate developments. A number of listed companies have unveiled their interim results,
      by HOCK LOCK SIEW  -  405 words
    • Article
      Lock icon HK LAND EARNINGS UP
      320 11 Reuter HONGKONG Land Co Ltd said 1979 earnings will be satisfactory, but made no forecast for the growth of profits over last year's group net of HK5279.5 million. It forecast an unchanged final dividend of 29 cents on capital increased by the one-for-10 bonus issue earlier
      Reuter  -  320 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      264 11 mALAKOFF BERHRD INTERIM REPORT For Half Year andad 30th Juna 1979. Tha Company's unaudited profit before taxation for the six months ended 30th June 1979 was M $3,866,000 compared with M 52,562,000 for the same period last year. Despite an encouraging start to the year both crops lost ground during
      264 words
    • Advertisement
      Page 11 Advertisements Column 2
      269 11 Boustead Holdings Berhad INTERIM REPORT For the six months ended 30th June 1979 Our unaudited interim results for 1979 indicate a very satisfactory increase in operating profits of 39%. The areas of significant growth are in our plantation and trading companies. Malakoff Berhad and Heah Joo Seang Estates benefited from
      269 words
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  • Article
    Counsel protests crossexamining method
    182 12 DEFENCE counsel for Richard Charles Tarling, accused of committing offences under the Companies Act, objected strongly yesterday to the prosecution's method of crossexaming the accused. MrHECashin told presiding judge, Justice Kulasekaram, that questions asked by DPP Tan Teow Yeow, prosecuting, "do not so much test the
    182 words
  • Article
    Easier soon to market in Japan
    325 12  -  By FOO CHOY PENG SINGAPORE exporters may soon find the Japanese market less difficult to penetrate if an amendment to the Japanese Industrial Standardisation Law and Japan Industrial Standards (JIS) is accepted by its Diet (Parliament). The Ministry of International Trade and Industry (Miti)
    325 words
  • Article
    Lock icon Company investment
    74 12 AFP AMERICAN companies are considering investing US$43 billion abroad next year, the Department of Commerce said. This would be 15 per cent more than in 1979. The department said that the main increase would be in the oil sector, with investments of more than $13 billion (up 18
    AFP  -  74 words
  • Article
    LONDON STOCKS
    854 12 LONDON, Thurs. Gold shares moved sharply higher in line with the record bullion fixing, dealers said. Heavier priced issues were as much as US$3.5O higher in brisk trading. Equity leaders were a shade higher with dealers noting buying at the lower levels. Government bonds were between 1/8 point
    854 words
  • Article
    Escap sets up date service to fight rate war
    207 12 THE Ewmblc ud BMUI Ctnmtari— far Aslaa aad Pacific (Escap) has set ap a date iafarmattoa service (MS) wlthla Its ahippfeg divialaa to eaaMe eaaatrles ia the regfaa to abtala facts aad figares to "fight" the freight rate war against shlpawaers
    207 words
  • Article
    Dramatic rise in full-year profit for MAS
    499 12  -  By STEVEN TAN CLOUDED for several months earlier this year by problems and adverse comments of sorts, Malaysian Airline System (MAS) has now shown its silver lining. The Malaysian national flag carrier has turned in an operating pre-tax profit of $42.66 million for
    499 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      419 12 HUTCHISON WHAMPOA LIMITED NOTICE TO SHAREHOLDERS The board of directors of Hutchison Whompoo Limited (HWL) today (27th September, 1979) announce that they have been informed by the Hongkong ond Shanghai Banking Corporation (HSBC) that they have entered into an agreement to sell their holding of 90,000,000 ordinary shares of HWL
      419 words
    • Advertisement
      Page 12 Advertisements Column 2
      463 12 TRADE with CHINA OCTOBER 11 12,1979 Applied Research Corporation and Business Times (a member of The Straits Times Group) will be organising a top level conference on TRADE WITH CHINA. The two-day conference will be held in Singapore on October 11 and 12,1979 at the Shangri-la Hotel. The conference will
      463 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally fair. Report for U hours prior to 7.39 p.m. on Sep 27 at the airport. Maximum temperature 32.0 Associated humidity 62 Minimum temperature 24.7 Associated humidity 93 Hours of sunshine 6.95 Rainfall in millimetres !!!!!!Trace Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        SNSC officials
        64 13 MR SLA YONG was re-elected chairman of the Singapore National Shippers' Council when its 1979/80 management committee held its first meeting last week. The other office-bearers are Mr Fu Wa Chu and Mr Michael Yeo (vice-chairmen), Mr. Tan Teng Swee (chairman, establishment and finance sub-committee), Mr Goh Han
        64 words
      • Article
        Shipping law course
        86 13 A SIX-LECTURE course on "Carriage of goods by sea" will be organised by the University of Singapore's Department of Extramural Studies beginning Oct 15. The course, to be held every Monday and Friday from 7 p.m. to 9 p.m., will be conducted by Mr Victor Wong Ann
        86 words
      • Article
        Lock icon SOS call
        100 13 AP A PANAMANIAN-registered freighter with 23 crew aboard has radioed that the ship was in danger of sinking in rough seas in the East China Sea. The Japanese Maritime Safety Agency said yesterday that the message was sent by the 4,748ton Genciano located about 315 kilometres west of
        AP  -  100 words
    • Article
      What came up when Suma went down
      555 13  -  By GOH ENG KEE EXIT Suma Line and Sumatrop (S) Pte Ltd. Enter Combo Line and Magna Shipping (Pte) Ltd. That in a nutshell sums up the somewhat shadowy developments over the past month after the Danishbased Suma Line was placed under official
      555 words
    • Article
      Lock icon London freight
      239 13 AP SETTLEMENT at the MitttSaperler grata ItiiUri' ■true, win had halted grata experts tkm|k these hey UB parte tar three ■■■the, was expected ta revitalise Great Lekee efcartortag actlvtty. Per the tfme hetag, hewever, Bxtag slewed ea wedaes day as taarfcsi eperatera eeaataered the everau peelttaa tallewtag receat
      AP  -  239 words
    • Article, Illustration
      Life will not be dull on this ship
      105 13 THE 16,800-grt Leverkusen Express (abcve) and three other Hapag-Lloyd freighters will soon set sail with a crew of 18 (it used to be 25) for a two-year trial period. More work? Maybe, but there will be perks. All hands will be allowed
      105 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      1614 17 SHIPPING LIST where your ships are due and when SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port
      1,614 words
    • Article
      Container Schedules
      1013 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL KB. (1) Each vessel's estimated Ume of arrival is advised by the Shipping Line/Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      1,013 words
    • Article, Illustration
      Lock icon Developing countries will be a major force
      1052 18 FT FLAGS OF convenience will be extinct by the end of the century and developing countries will have established themselves as a major force in world shipping, predicted Mr Adib al Jadir, director of shipping (or the United Nations Conference oA Trade and
      FT; Source: Lloyd's Register of Shipping  -  1,052 words
    • Article
      Lock icon Congress passes transfer of Panama Canal
      566 18 NYT ENDING three years of agonising debate,* the US Congress gave final approval on Wednesday to legislation that implements the transfer of the Panama Canal to Panama over the next 20 years. The House voted 232 to 188 to approve legislation that sets up
      NYT  -  566 words
    • Article
      Australian line in debt deal
      188 18 AUSTRALIAN Natl—al Llm ku rtMtty n—plßtn* ft deal which «nH «ty tt to* takea *tfTieht warth atoat UBMM dbIIBm (atoat BJM miIUM) «fl the tolaace sheet, aad dto aatei Hi taiMtaHifc IfthOty aO la w •amp. (toSeg "wJr'lhe Baa's tWuMM«wt tolk canton, the Amii ntma
      188 words
    • Article, Illustration
      SHIPS IN PORT
      450 18 EXPECTED ARRIVALS TODAY > KEPPEL WHARVES Bangsaen (Tanker) (after Golden Sea 707 P/O Subject Gas Free) 14 Cape Horn (after John Bakke Bulk Wheat) 8/9 Catamarca n (after Yung Fon Lu) 42/43 King Lake (1500) 22 Nedlloyd Waalekerk (1900 after Orchard Gold shifts) 3/4 Nordland (af,ter King
      450 words
    • Article
      INDEX
      532 18 fMnhi U— ACT T CM 5 Alea TV Alfred V 3 Alpac IV 5 Angkutan ANL V I 5 1 APL m 2 Arya Nat n 5 ASCL m 1 Asia America n 5 Asia Merchant n 5 Atlas IV 4 Aust.Coot IV Baltic V 4 Bank m 5
      532 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      290 13 v\fN\ Europe Our Next Loader Port Kelang: 16/10 Singapore: 2/\0 For further details, see page 111 .1 \RDIM I H m Orient Overseas ContcJMe/i Line. (MENTAL CMEF ltN 17/10 18/10 19/10 22/10 26/10 29/10 30/10 31/10 3/11 6/11 9/11 15/11 12/U 13/11 16/11 12/11 13/11 14/1117/11 21/1} 18/11 19/11 20/11
      290 words
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      Page 13 Advertisements Column 2
      298 13 A3 111 l 5^3: SEALORI) ANTAII m UASC UNITED ARAB SHIPPING CO (SAG) WEEKLY MULTI-PURPOSE SERVICES L S pore Loading tor m OUTMAN 2/10 14/10 BN TUFAI 6/11 BN KHMIKM 13/11 BftDUMC Abu Dhabi (14/10). Dubai (17/10). Doha (20/10). Oammam (23/10), Kuwait (25/10) Kuwait (26/10), Shuaiba (29/10). Dammam (2/11), Dubai
      298 words
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      Page 13 Advertisements Column 3
      417 13 S.NOL NEPTUNE ORIENT LINES LTD f AR fAS I EUROPE EUEIY CONTAINf RISE D SERVICE H'lat.fr.fii Mi'.>4l S jo'e 0. CMtf h Port C CONTAHER 12 Oct S S. BRDGE 20 Oct CORAL 2$ Oct IJACtjm 31 Oct H Ptwa. 6 No* C. ROZE 11 Boi F KtbnfjHavri Rdaffl F'stoaa
      417 words
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      Page 13 Advertisements Column 4
      535 13 > t* c Australia Our Next Loader Port Kefantj: 16/10 Singapore: 12/10 For further details, see page 111 MAERSK LINE n i i ri^ I■, mi- 1 ,r Pi in jBEJWM—I—M if'T—PPT. .Tir-ii" ;MB.—t| Sated Sited 29-30/9 1-2/10 74/10 8-9/10 13-14/10 15-16/101 ALVA 21-22/10 22-23/10 21/10 28/10 4 22/10 I
      535 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      860 14 A L fully commma to anorc LrmpmtUi I*l* tr, Car*a*Bar CftrtfE*. TaMalma 5/10 I 22/10 Hi 10 4/10 12/10 14/10 19/10 24/10 27/10 4/11 4/11 10/11 11/11 19/11 21/11 25/10 27/10 3/11 5/11 7/11 »/U 11/11 13/11 14/11 16/11 23/11 25/11 21/11 23/11 30/11 2/12 3/12 5/12 10/12 12/12 %tm
      860 words
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      Page 14 Advertisements Column 2
      446 14 •ft* Oct l/l Oct 11/17 Od S/25 Oct l/ll Od U/ll Oct 2V2C Oct 11/12 Oct 19/21 od v/n Oct run Od 11/11 Od u/ii Oct 20/21 tmtm i+M/a M* us»/n tmmrn Od 1/1 fcß Y«t Od 2/1 tt Mm Od VI Np> 11/U DM 11/» IK 1/3 I*ll/1) NR
      446 words
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      Page 14 Advertisements Column 3
      600 14 EVERGREEN LINE f fAR f AS! fUROPf :XPRfSS fill! CONTAIN! R SIRWICI 1 ACCEPTWG CARGO F<* HAMBURG. FELKSTCNC ROTTERDAM, ANTWERP. L£ HAVRE ALSO ACCEPTMG CARGO FOR: H52J***** SfIUTHAVTW. London. Manchester, bmmhgham. BRISTOL LIVERPOOL GLASGOW. LEEDS. (Mr Mm 2to SOd a Oct 21 Od 2Jto »to (Ml «M*» 11 to INm
      600 words
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      Page 14 Advertisements Column 4
      834 14 Everett Lines i Bsren Fivt Star SNippwi C*rpa. UMk "BURMESE NATIONAL LINE" LOMNNG FOR RANGOON KTMTMmn PPW 302/30 Sopt 1/2 Oct SALOMON CMEDI (LOAOMG FOR HONGKONG ONLY) 5/7 Od B F.S.S.C Aoant» in Motayvo TIPS MALAYSIA Port Kakjng TaH3B>-7355 Panong Tte *****/***** n CampNMt ArfMrtiM 0« NnMMa iNtarooNiiMNtai S. A.
      834 words
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      Page 14 Advertisements Column 5
      583 14 rirem c c OCEAN SHIPPING ENTERPRISES PTE LTD KM 2 102 2103 21ST FLOOR MARINA MOUSf SHENTON WAY MISTRI ROAD SINGAPORE 2 TEI *****44 74 *****70 IO SANKYO LINE AUSTRALIA SERVICE 0. RESOURCES N. RIVER SANKOU MMtU BESSANG PASS 3 l rf T j Luwimi HWHMSB AGENTS P. KELAM P.
      583 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      719 15 OCL Overseas Containers Limited Weekly service to/from UK/Europe Te UK/Continent S>M PMM* S3 UvapMf Mr lotpo* C«*aeM| «T TMebr»» 27M 4 OH 13 Od 14 Oct 1 II OK 1 HMpeai Upen 11 MM From UK/Continent IM mm AM* LaMen OJL *Od aod MOd BOd 27 Od 20M MM «M
      719 words
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      Page 15 Advertisements Column 2
      774 15 GRANARD LINE RED SEA/MEDITERRANEAN SERVICE Vpn Pletoag M.V. KNOW FNM VJM SdM to ft M.V. MM TIT Ml*_ SOrt ImIMO UNON ICVYQM V.32W 4Nm MX MM M ¥.33*—. Mm w tCOPTMG CQNTMO CMGO fa MT Mdah/F. Sa4/lattakia kdM/ P. Sad/ Mtundra/ BeveV Lattaba Port Said/Meundria/ Bemt/lattaku JMMah/P.Sarf/Moandria/ Beirut/lattakia M.V. MM
      774 words
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      Page 15 Advertisements Column 3
      943 15 CN|MCM» TettoE#roae i BEN LINE CONTAINERS express contmb somcc to/frm bmpc J I SL me mm soran Sfm Antwerp Franca ARUJI M- *£2 32! y* a/w >VM VM a/M M/ 11 2VIO 27/ M a/M VM H/M a/If n/M a/u a/5 u/J! M/w VII yii v« vu un M/M ,J/U
      943 words
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      Page 15 Advertisements Column 4
      362 15 Scan Dutch *9 I S3 "l j r v. j* 3 vi *:< -1 :i /.v: Jtv i* >:u:; J i: ■?sr-|u»— 1/1# I IVIB 27/U U/U Ha* U Mm, 3 »/l '1 ,fl. .iM.r.Xif, i) n*t t) »rtan i) r* *tm «um c> vhimp mmi rm MM WW BoM
      362 words
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      Page 15 Advertisements Column 5
      558 15 r, BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD LOADS FOR E. ft S. AFRICA MIBMM MMCOTMQI (hMM. Dortoo. Ctotm. PI Eta. L Loodoo) fcMrta It/11 Oct S'po»t 19/22 Oct P LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, Galveston) SMppara P. KHm| KhmUh US Gtf MASON LYKES
      558 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      872 16 K LINE KAWASAKI KISEN KAISHA. LTD. EUROPE P Mttnf i Havre f«MP 23 Oct 26 Oct 4 No, {Nov PROM EUROPE TO PAR EAST N CORAL 141 C PAUL IK K IACEJK IE N PEARL J6E C RO2E ISE Sated Sated Sated Sated AGENTS S PORE NEPTUNE AGENCIES PTE LTD
      872 words
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      Page 16 Advertisements Column 2
      531 16 sicuism CALffORNU/PACfIC NORTH WEST SERVICE Mdta| tar UB AMUS. SM FMNCBCO. JEATTU. TACOtaA. MNCMQL IX. EXPRESS CONTAIKR/CIMYENTIONAL/ REEFER SERVICE Pimm PUn fcpw I MtAUYA" A/11Oct H/UM U/150M tto> MIMOr IV li Mm 17/11 to> 11/HHn U toe ■r H/M Ok 31toc/lta 2/3 ta aim AISTRALIA SERVICE U. It—i»T> On Srt
      531 words
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      Page 16 Advertisements Column 3
      389 16 L f M•> 4 I lUIIIIII DSR SINGAPORE SHIPPING AGENCIES PTE LTD !AN Hi I N. V S .A "I ,1 SI <-.••• '1 SIS' »A H AK'.mPt «H t s«« l.uiifnint'r Mires A'E I Kit C (JMAINtR SERVICE to,Mrom BANGKOK 7/1 Od 14/lS Oct n/a Oct a/a Oct Oft*
      389 words
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      Page 16 Advertisements Column 4
      525 16 21/1 Oct t 29/39 Sapt 1/3 Ort Ultra 11/10. C4rtt/L4aa 74/10. Ht| 29/10. Rdam 2/11. Lpoal 9/11 21/1 Oct 3/5 Oct l/t Oct Lhorn 20/10. CAtt/Lpool 25/10 Bremen 1/11. Nb| 4/11. Mm 7/U. Amtp 11/11. L4on U/U 1/11 Oct 12/14 Oct 15/14 Oct Item 31/10, Cdrff/Lpoot 5/11, LHaere 10/11 H*
      525 words
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      Page 16 Advertisements Column 5
      640 16 ouit a HIM riiHHji ocpicuiurr *o f a INTRASEA (PTE) LTD House j4F o'Ch.Vd Ro.*C! 1 Telephone *'3fu6i 1 235-405* REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE rpara f. K#mi 10 Oct 14 Oct 31 Oct Site* Avon (UK)/BontofM totttrtfM/Afrtvpvp/ kron (UK) BoMktM/Avoii (UK) S***** MTRASEA (PTC) LTD 2352C11 BOOKMC
      640 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      398 17 jS EGYPTIAN INTFRNATIONAI INF (Fll I INTERNATIONAL LINE (EIL) EGYPTIAN FLAG I FROM EGYPT ALEXANDRIA SINGAPORE MLE U SEPT 24 OCT 9 I i.tNf R«l AGINIS N SHIPPING If I .'.'***** iSINI>»PORf i RVIOI sue AGtNTS HSH M SDN BHD r:i moss mo?i KI <889% PK i lIX 39' IS
      398 words
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      Page 17 Advertisements Column 2
      357 17 v Straita/lndooMla RO-RO Sfvtca SPECIALISTS IN HEAVY EQUIPMENT DOOR TO DOOR TRANSPORTATION ETA Loading for A VESSEL 5/10 ALL IDOfCSIAN PORTS AID UP-RIVER DESTRUCTIONS TME/TRP CHARTER FOR LANDM6 CRAFT AVALABLE TO ALL MDONESIAN PORTS G«n«rol Agents: K.B. Agencies Pte. Ltd. Tafc *****01 (5 Uom) *****10 GBN FAR EAST WEST AFRICA
      357 words
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      Page 17 Advertisements Column 3
      203 17 COMBO LINE REGULAR TIBER/PL YWOOO BULK •aii'iM TEESTA NOOI COMBO I*oo2 P.KELANG LOG. FOR: I* Port Nantes/lteaport 16/10 Nantes/Newport AlifNIS Spore Mjjna Shipping (He i ltd for Bookings contar' <rfi f r iru is Iro lohnn» Kef Tel ***** S ??0^793 4 PI Kelang Perkapalan Iwthii Uut Sdn Bhri Ifl
      203 words
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      Page 17 Advertisements Column 4
      317 17 GOLDEN LINE MM WAN SBPPBC (PTE) LTD 23. TELOK HO JIBT, SMGI T«t M I m— Mil, P. i. IU <***** (IS IMS) 317*1, taM| *****8 I UOT» Ml M ia (1371. SnUMtS/raSMN 6Ui SOtWCE: Hindi 27/31 S«pt SQUOINMBI Imm* 14/21 Oct N. MALAYSIA/STORE L IMUTSM SOtVICC IMB >11» taH*,
      317 words
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      Page 17 Advertisements Column 5
      430 17 NOTICE FAR EASTERN FREIGHT CONFERENCE SABAH, BRIM) AID SARAWAK a a;.a.> NOTICE TO SHIPPERS PORT CONGESTION BENGHAZI (ÜBYA) Reference is made to the notice in the press on Tuesday, 17th April, 1979. The member lines of the above conferences have advised that port conditions at Benghazi have improved and they
      430 words
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