The Business Times, 25 January 1980

Microfilm: NL10700
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 110/1/80 FRIDAY, JANUARY 25, 198« 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon London gold fix
      29 1 AP LONDON, Thurs The London afternoon gold fix today was U*****.00 an ounce, up from $712.00 at the morning fixing. Yesterday afternoon's fix was $695.00. AP.
      AP  -  29 words
    • Article
      Lock icon Air fares to increase
      56 1 AP GENEVA, Thurs. The world's major airlines agreed to increase passenger fares by an average 5 to 10 per cent. Airlines said they needed higher fares because of rising fuel costs. The hike, the first to be announced since the new year, will be effective April
      AP  -  56 words
    • Article
      Lock icon Gromyko to India
      55 1 AP NEW DELHI, Thurs. Soviet Foreign Minister Andrei Gromyko will visit India between Feb 1214, the Indian government announced today. External Affairs Minister P V Narasimha Rao told Parliament that Mr Gromyko will have "an exchange of views on the situation" in the region with Indian leaders.
      AP  -  55 words
    • Article
      Lock icon Automatic price increase
      60 1 AP ABU DHABI, Thurs. Dr Mana Saeed Oteiba, Oil Minister of the United Ara to attract investments in such industries because there are no immediate advantages in shifting their operations here. Though the number of Japanese companies in the Republic is large in comparison to EEC or
      AP  -  60 words
    • Article
      Lock icon Loan for Hanoi
      60 1 Reuter BANGKOK, Thurs. Thailand and Vietnam have signed an agreement under which Bangkok will loan Hanoi 100 million baht for purchase of Thai goods, Finance Ministry officials said. They said the agreement, for 10 years at 3 per cent interest, was signed yesterday. Vietnam is expected to
      Reuter  -  60 words
    • Article
      Lock icon HK exports rise
      66 1 Reuter HONGKONG, Thurs. Hongkong's exports grew significantly faster than imports last year and the visible trade gap narrowed compared with 1978, according to official provisional figures announced today. The figures, released by the Government Statistics Department showed the visible trade deficit in December was HK$B35 million, compared
      Reuter  -  66 words
    • Article
      Lock icon Increase in oil imports
      64 1 UPI TOKYO, Thurs. Japan's crude oil imports in 1979 grew by 3.8 per cent over a year ago to 280,486,000 kiloliters, the largest volume since 1973, the government reported. The Ministry of International Trade and Industry (Miti) said Japan's crude stocks at the end of last
      UPI  -  64 words
    • Article
      Dow Jones
      60 1 NEW YORK, Thurs. The stock market rose sharply this morning, responding to President Carter s State of the Union message Wednesday. The Dow Jones average of 30 industrials climbed 6.66 to 884.22 in the first half hour. Gainers outnumbered losers by close to a 3 to 1 margin
      60 words
  • Article
    Chief Price Changes
    141 1 Rises Indices Hetaling n;» 90 Jan 23 Jan 24 Sungei Besi 1170 60 B.T. Index: 3430.07 3484.40 Straits Trading Kramat Fed Cables 835 525 198 20 20 +16 Industrials: Finance: 444.97 448.81 814.04 816.11 O C B C 770 15 Hotels: 410.21 410.30 Magnum Corpn 505 15
    141 words
  • Article, Illustration
    KUALA LUMPUR
    169 1 Rises Indices Inch KK 1150 Castlefield 2100 Sel Prop 365 Sr. Besi 1200 S Trading 850 S. Kinta 1000 Magnum 510 M U Ind 484 Pahang Con 144 Sovran 270 Carlsberg 540 Temerloh 620 Utd Mai 625 O.C.B C. 775 M. Bank 845 Sea View 220 Tai Text
    169 words
  • Article
    Japanese make their mark
    639 1  -  GROWING PRESENCE HERE By FOO CHOY PENG JAPANESE entrepreneurs have really made their presence felt in all sectors of the Singapore economy, judging from the number of new Japanese companies incorporated in the Republic last year and their range of activities. As the economy of Singapore
    639 words
  • Article
    Prime now 10.25 pc
    295 1 THE average prime lending rate (PLR) of 12 major banks, as measured by Business Times, has risen to 10.25 per cent from 9.8 per cent just 10 days ago. This follows prime rate increases by five banks included in the BT index. American banks such as
    295 words
  • Article
    CHL holders get banker's advice
    545 1  -  By CATHERINE ONG DIVIDEND-DEPRIVED shareholders of Consolidated Hotels Ltd (CHL), the owner of Peninsula Hotel and the newly-built Peninsula Plaza, have been advised to sell out of the company and reinvest their funds elsewhere. In a circular to shareholders, the company's directors said the cash
    545 words
  • Article
    US$30m consortium loan
    237 1 A US$3O-million mediumterm loan to a large Italian state-owned company, Finmeccanica SPA is being arranged by a consortium of local and foreign banks in Singapore. Finmeccanica's loan marks the first time an Italian company is tapping the Asian dollar market and it reflects the attractiveness of the
    237 words
  • Article
    Bankers to meet on joint fund for small projects
    266 1 ASEAN bankers will meet their counterparts from the Japan Committee for Economic Development (Keltal Doynkai) in Jakarta at the end of this month to discuss the setting-tip of a Joint investment fund for small companies. Discussions on the fnnd for financing
    266 words
  • Article
    Hitachi to set up a computer centre
    459 1  -  By RONNIE LIM THE giant Hitachi group will set up a centralised computer support centre in Singapore to serve the domestic market initially, and the Asean region in the future, its computer division officials said. Although Hitachi said it will go ahead with
    459 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      21 1 tOK-L*.' SAFE WITH AN ITOKI SAFE BUSIMSS MACMINfS SYiTtMS S)Pit ITO r o 4;* SratlO" «■<«] S -HUi>o«e 11 Cjfie t»USN£S'fWS S. "<)*•«*
      21 words
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      Page 1 Advertisements Column 2
      294 1 We have a history of making money grow jSL Lombard North Central is part of W\ I one of the world s largest banking jb groups and we have a history whicHrnf? J* fi covers more than 100 years. S I We offer a range of deposit schemes which will
      294 words
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      Page 1 Advertisements Column 3
      68 1 SEE HOCK LOCK SIEW ON PAGE U SHIPPING TIMES WILLIAM Jacks wins international orders 2 CARTER delivers strong warning to Russia 5 WEIGHT of pobiic opinion a fiekle device 6 REVERSAL of tight moneymarket conditions expected 9 RELISTING of CHL shares would be timely 11 HONGKONG gold Investors turn to
      68 words
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      Page 1 Advertisements Column 4
      2 1 Leader Page
      2 words
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      Page 1 Advertisements Column 5
      140 1 SINGAPORE FOR PEOPLE WHO MATTER A Times Periodicals Publication Leader—Page t This unique publication offers businessmen each month a comprehensive guide to the latest developments taking place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of
      140 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      564 2 COURSES AND TALKS Jan 21-Feb 11: Sales Management, National Productivity Board Town Centre, National Productivity Board Jan 28-29: Project Control Through Critical Path Analysis, Hyatt Hotel, Price Waterhouse Jan 28-Feb 8: How to Identify and Develop Management Potential in Your Organisation, NPB Town Training Centre. National Productivity Board
      564 words
    • Article
      NPB head to speak at seminar
      157 2 THE CHAIRMAN of the National Productivity Board, Dr Lee Chiaw Meng, will deliver the keynote address at a seminar on "packaging to save labour", organised by the Packaging Council of the Singapore Manufacturers Association (SMA) in cooperation with the Japan Trade Centre (Jetro) in
      157 words
    • Article
      Course on materials handling
      110 2 THE DEPARTMENT of Extramural Studies at the University of Singapore will hold a 10-lecture course on materials handling and stores management. The course, which will commence on Feb 6, will be conducted every Wednesday and Friday from 7.00 p.m. to 9.30 p.m. It will discuss the
      110 words
    • Article
      Guthrie gets agency for hi-fi system
      66 2 GUTHRIE Singapore Pte Ltd has acquired the agency for the prestigious Bang and Olufsen high fidelity sound systems. A new marketing scheme for the product will be unveiled at a press conference to be held by Guthrie on Monday. Mr Desmond Soo, general manager
      66 words
    • Article, Illustration
      Total effort in marketing new computer
      353 2  -  By CHOO AI LENG A LOCAL company, Total Computer System (TCS), is actively marketing its newest range of computer mainframes, called the Prime 50 series, in Singapore. As sole agent for Prime Computers, it also holds distribution rights for Malaysia, Indonesia and the Philippines.
      353 words
    • Article
      US economist for seminar
      375 2 A NOTED American economist has been invited by the Institute of Southeast Asian Studies (Iseas) to lead a seminar in Singapore on Monday. Dr William Branson, professor of international economics, Princeton University, and director of research in international economics at the US National Bureau of Economic
      375 words
    • Article
      A machine to suit your every need at Pakprint 80
      423 2 PACK, print, wrap, seal, gluecoat, stick, or cut there will be a machine or process at PAKPRINT 80 to suit just about every need. Exhibiting companies are already releasing details of some of their products and services that will be
      423 words
    • Article
      W-Jacks wins international orders worth $1.6 m
      241 2 STRAITS Steamship subsidiary William Jacks (Malaysia) has won two international orders worth $1.6 million for projects in Malaysia and Hongkong. The engineering division of the company won its fourth worth $1 million from the Granite Industries Bhd group. The order is for a
      241 words
    • Article
      Get ready to see Airport 2000
      155 2 AN international exhibition on air freight services and cargo processing, handling and transport equipment will be held in Singapore from March 24 to 28 next year. Called Asian Air Cargo Exhibition, it will be held in conjunction with the "Airports towards the year 2000"
      155 words
    • Article
      Boustead to build conveying system for oil refinery
      153 2 BOUSTEAD Engineering Pte Ltd has won a contract to design and construct an automatic drum transporting and weighing system for Singapore Refining Company on Pulau Merlimau. The conveying system will be used to transport asphalt drums down to the refinery's shiploading wharf.
      153 words
    • Article, Illustration
      Sibex/Conequip exhibit
      88 2 THIS Zip-Up Span type lightweight aluminium alloy staging is one of the products to be displayed at the Sibex/Conequip exhibition, which will be held at the World Trade Centre from March 26 to 29. All the parts of this contraption clip together by means of patent locking hooks.
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      324 2 M I' Jv, 1 that w as f on shelf <MjS&£ &Ush. «arc h f or Way<; prime Miiuaa high regard for Sir <£rnest Gowere* book, The Complete Plain Words, seems to have influenced Singaporeans, judging by brisk «»w at hnokshoos and Fjsut'" l B demand tor theb«* at contained
      324 words
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  • REGIONAL
    • Article
      Lock icon Bank of Japan predicts economic expansion
      209 3 Reuter BANK OF Japan governor Haruo Maekawa said Japan's present economic expansion is likely to continue in the first hall of 1980, barring an unusually sharp rise in consumer pri<-es or a serious deterioration of the world oil situation. He said reports submitted by
      Reuter  -  209 words
    • Article
      Lock icon New oilfield found
      65 3 Reuter A NEW oilfield with a capacity of 21,000 barrels a day has been discovered in the West Java Sea just off Sumatra, the Indonesian state oil company Pertamina announced. A spokesman said exploration wells were successfully tested from various zones and the potential oil region covers
      Reuter  -  65 words
    • Article, Illustration
      Lock icon TALKS ON IMPROVING TIES
      37 3 Pakistan's President General Mohammad Zia U1 Haq (right) having talks on Wednesday with United Nations Secretary General Kurt Waldheim in Rawalpindi on normalising relations between Pakistan and India. AP photo. Source: AP photo
      Source: AP photo  -  37 words
    • Article
      US businessmen told of trade potential in Asia
      567 3 Exports from the US to South Korea, Taiwan and the five Asean countries exceed US$lO billion a year and are expected t to rise substantially. US Commerce Department officials told a seminar, mainly for representatives of American companies that have yet to
      567 words
    • Article
      Kriangsak calls meeting to discuss strikes
      227 3 THAI Prime Minister Kriangsak Chomanan yesterday called his close advisers together to discuss labour unrest that forced him to cancel at the last moment a visit to West Germany, official sources said. The sources said the substance of the talks was not immediately known,
      227 words
    • Article
      Lock icon Food supply
      56 3 AP THE sixth meeting of the Asean Committee for Food, Agriculture and Forestry (Cofaf) opened in Medan on Wednesday to discuss efforts to provide sufficient food for the region. Indonesia's Agriculture Minister Soedarsono Hadisaputro said in an opening speech that Asean solidarity and loyalty should be reflected in
      AP  -  56 words
    • Article
      Lock icon Jakarta economy on right track
      499 3 AFP PRESIDENT Suharto has dismissed criticism that the Indonesian economy is not serving the people's interest. There should be no doubts that capitalism has a place in Indonesia, he told the Retired Military Officers Association in Jakarta on Wednesday night. "The current economic system does
      AFP  -  499 words
    • Article
      Lock icon Japan plans for US talks
      128 3 AP JAPAN'S Foreign Minister Saburo Okita may visit the US next month for talks with top US officials on the Iranian and Afghanistan crises and re-emerging trade friction between the two countries, officials said yesterday. The statement followed a meeting Wednesday between Prime Minister Masayoshi
      AP  -  128 words
    • THE REGION IN BRIEF
      • Article
        Lock icon SATELLITE FOR CHINA
        377 3 Agencies CHINA IS negotiating with the US for the construction and launching of a communications satellite by the US, President Carter's Special Science Adviser, Frank Press, said. Mr Press told a news conference at the end of a three-day visit to Beijing that the satellite was one
        Agencies  -  377 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      199 3 Now Daily! The fastest direct flight to Hong Kong, San Francisco and New York. Pan Am's Flight 6 leaves Singapore daily at 7a.m. on the fastest one-stop hop to San Francisco via Hong Kong. And thereon, direct to New York. On Pan Am you fly our latest 747SP's which can
      199 words
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  • RAW MATERIALS
    • Article
      Output dips at rubber estates
      657 4 DESPITE sharp price increases, production of Malaysian rubber in the first 10 months of last year decreased marginally, reflecting the industry's production constraint. While the smallholders, whose level of production is strongly related to the price of the commodity, responded positively to the improved value,
      657 words
    • Article
      TEXTILES
      192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cettaa yarn: China Blue Phoenix 20s 2,310; 32s 2,860. 40s 3.040 (per bale of 400 lbs). Piece g—to: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      192 words
    • Article
      RUBBER
      247 4 THE SINGAPORE market closed higher with February One RSS buyers quoted at 352.00 cents per kilo, up eight cents from Wednesday's close, dealers said. Morning prices were about 14 cents higher on covering interest, speculative buying and forward demand, they said. Afternoon prices turned easier on profit-taking, lack of
      247 words
    • Article
      RAS PRICES
      413 4 R.A.S prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers int. l R.b.S. prompt f.o.b 358.00 360 OON 350 00 352 OON Int 1 R.S.S. February' 360 00 362 00 352 00 354 00 Int. 1 R.S.S. March 366 00 367
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    • Article
      SSR and SMR
      122 4 NOON SSR and SMR prices vntfrdav RAS SSR 20 SSR SO MRELB (1-x 41-u mi prfleti >n pallet! Fabraary (Current Mtk) Bayer* Sellers 312-50 314 50N 309 50 311 SON March (Forward Mck) Bayer* Sailer* 314 50 MM 311 SO 313.50N SMRCV SMR L SMR 5 SMR
      122 words
    • Article
      SOYBEAN
      130 4 CBT soybean futures finished 13 3 4 to 11 3 A cents a bushel higher on Wednesday, closing near their highs for the day. Professional buying at the close offset late pre-hedging and profit-taking, traders said. Nervous short covering ahead of President Carter's State of the Union address drove
      130 words
    • Article
      Straits Tin
      219 4 THE Straits tin price in Penang yesterday fell Ms2B per plenJ to $2,192, $242 above tbe International Tin Agreement celling, dealers said. The market was depressed by overnight weakness in London and the withdrawal of buyers after the recent bullish rally, they said. Total volume of tin ore
      219 words
    • Article
      CLOSING PRICES
      39 4 Rubber: Jan 24 Singapore: February: 352.00 cents (up 8.00 cents) Malaysia: February: 360.00 cents (up 10.00 cents) Tin: M 52,192 (down $28) (equivalent to $36.24 per kilo) (down 47 cents) Official offering: I47Vi tonnes (down 36Vi tonnes)
      39 words
    • Article
      Duty rates
      93 4 THE MALAYSIAN Minister of Finance has fixed these rates (or the period from January 24. until further notice: Bahfcer: 315 cents a kilo; C*prm: M 51,025 15 a tonne; Palm keraH: $9» 75 a tonne; WMte pepper: $4,652 52 a tonne. Black pepper: 53.tf6.56 a tonne; The rates
      93 words
    • Article
      RICE
      328 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.00, 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-super 0 63. Special
      328 words
    • Article
      PALM OIL
      135 4 THE MARKET in Kuala Lumpur firmed yesterday on scattered refiners covering and reports of Pakistan's tender for crude, neutralised and refined bleached deodorised palm oil, dealers said. Trading was quiet. In the northern and southern region, February gained five cents each to M 51,120 per tonne, while in
      135 words
    • Article
      Produce exchange
      240 4 LITTLE trading was reported on the Singapore produce market yesterday with prices generally moving sideways. The market opened quietly and drifted throughout the rest of the day. Dealers said that a lack of demand contributed to the slow pace at the exchange. Pepper trading, mostly in the white
      240 words
    • Article
      WHEAT
      115 4 CBT wheat futures closed 6 Vi to three cents a bushel higher on Wednesday. Traders said a lack of offerings boosted prices in thin trade as locals covered short positions ahead of President Carter's State of the Union address. Exporters were early buyers. Traders said recent strong export demand
      115 words
    • Article
      LONDON MARKETS
      931 4 COFFEE: Robusta futures closed the morning steady at the higher levels and little changed from the opening. End-morning gains ranged from £24 to £19 per tonne. Turnover was 3,937 lots including 151 options and around 2,051 lots of cross trades. Dealers said producer group buying that helped towards
      931 words
  • ASIAN STOCKS
    • Article
      Lock icon Index at high
      652 4 TOKYO Source: DBS-Daiwa THE NIKKEI Dow-Jones average advanced to over Y6.700 yesterday, a new high. The market was mainly led by non-ferrous metals, energy-related and machinetool issues. Trading volume was very heavy, around 700 million shares. Non-ferrous metal issues, which rose sharply on Wednesday, lost ground on
      Source: DBS-Daiwa  -  652 words
    • Article
      Sydney
      312 4 GOLD and base metal issues led across the board yesterday, dealers said. Among golds, Central Norseman rose 50 cents to AJ6.80, GMK 30 to $4.20 and Posiedon 25 to 12.80. In minings, Western Mining's announcement of a copper and uranium deposit find boosted its stock 45 cents to $4.65,
      312 words
    • Article
      Lock icon Hongkong
      345 4 Source: SHK Sec FOLLOWING confirmation of the YMCA Building sale to New World/Cheung Kong, the market moved higher yesterday in active trade. Heavy local buying of New World and Tai Cheung helped the index to gain over 20 points. Overseas operators did not appear to be active and local
      Source: SHK Sec  -  345 words
    • Article
      Manila
      120 4 STOCKS closed mixed yesterday, dealers said. Turnover rose to 19.9 million pesos from Wednesday's 16.5 million. JAN 24 Pesos Acoje Mining 0084 -0 0002 Atlas Con A Atlas Con B 41 75 4 75 Baguio Gold 0082 -0 0006 Benguet Con B 8500 19 BF Goodrich 1900 15 cocr
      120 words
    • Article
      Bangkok
      235 4 STOCKS generally eased yesterday with buyers and sellers remaining on the sidelines, dealers said. JAN 24 Rahts Asia Credit 162 -8 Asia f ibre 141 -4 Ayuthaya lnv And Trust Bangkok Investment Bangkok Bank .100 unch Bangkok Drying And Silo Bangkok Insuranre 9V) 18 Bangkok Metropolitan Ban Bangkok Nylon
      235 words
    • Article
      Selected indices
      58 4 FINANCIAL TIMES INDUSTRIALS Wednesday 450 8 Tuesday 449 8 Week ago 455.5 DOW JONES AVERAGE INDUSTRIALS Wednesday 877.56 Tuesday 866.21 Week ago 865 19 H.K.HANG SENG Thursday 901.27 Wednesday 878 39 Week ago 860 94 SYDNEY INDUSTRIALS Thursday 612.73 Wednesday 606 79 Week ago 615 05 ALL ORDINARIES
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      47 4 Royal Qh KonTiki (last water-resistant to a depth of !(X) metres,, protec ted by a locking crown and a glareproof scratch-resistant sapphire crystal Precision sculpted in stainless skd. X I Available- at Singapore s iilikst established watch dealer Eastern Watch (.H m l ucky Plaza, Tel 2<W>so/2^50^51
      47 words
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  • OVERSEAS
    • Article
      Pressure on inflation still strong says IMF
      404 5 CONSUMER prices in both industrialised and less developed areas continued their upward surge through 1979, the International Monetary Fund (IMF) reported on Wednesday. As 1979 drew to a close, strong inflationary pressures around the world showed little sign of abatement, the Fund said.
      404 words
    • Article
      Lock icon Change for DC-10s
      151 5 NYT THE US Federal Aviation Administration (FAA) announced that the design of the DC-10 engine mount was basically sound but modest changes must be made to prevent the sort of maintenance damage that led to the American Airlines crash in Chicago last May. After a six-month study
      NYT  -  151 words
    • Article, Illustration
      Lock icon Rebels to boost their numbers
      39 5 Mnjahideen rebels in Paktia Province, Afghanistan, strike a pensive, determined pose with their old weapons during a drive in the area to recruit more troops (or their cause last week. UPI photo Source:UPI photo
      Source:UPI photo  -  39 words
    • Article
      Lock icon TUC threatens to call general strike
      395 5 AFP REPRESENTATIVES of the Trades Union Congress (TUC) during talks with government officials on the three-week-old steel strike on Wednesday threatened to call a general strike if the country did not alter its "intransigent" economic policies. The TUC demanded change in the steel industry
      AFP  -  395 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      768 5 ARRIVALS Service Local Operator Number Time From MAS MH671 0945 PEN/KUL SLA SQ211 1000 HLP CPA CX710 1005 HLP GIA GA960 1030 HLP MAS MH605 1045 KUL SIA SQ103 1045 KUL GIA GA944 1065 PKU GIA GA908 1100 MES SIA SQ240 1210 MES PAL PR501 1135 MNL
      768 words
    • Article
      Lock icon UK reaffirms support for the European Community
      431 5 AFP BRITAIN has pledged its full support to the European Common Market (EEC) whatever the outcome of its dispute over the Community budget. British Cabinet Minister Sir lan Gilmour, winding up a two-week tour of the EEC's eight other member countries said: "Britain
      AFP  -  431 words
    • Article
      Lock icon Rich states say no
      175 5 UPI THE package of proposals I for massive transfer of s wealth from the rich countries to the Third World t under discussion at the third UN Industrial Development Confnence (Unido in New Delhi met with a poor re- sponse from most advanced countries on Wednesday.
      UPI  -  175 words
    • Article
      Lock icon SURPLUS FORECAST FOR THIS YEAR
      126 5 UPI EXXON on Wednesday forecast a worldwide one-million-barrel-a-day crude oil surplus later this year that could bring spot market prices down. However, Exxon executives said that upheavals in the Middle East and oil politics could send spot prices up again despite the projected excess. Exxon
      UPI  -  126 words
    • Article
      Lock icon Carter delivers a stern warning to Soviet Union
      599 5 Agencies PRESIDENT Carter has warned the Soviet Union that the United States will retaliate with military force if Moscow tries to use Afghanistan as a base for seizing control of the Gulf region and its oil supply routes. "An attempt by any
      Agencies  -  599 words
    • WORLD IN BRIEF
      • Article
        Lock icon EEC'S SLOW GROWTH
        446 5 Agencies ECONOMIC activity in Common Market countries rose only 0.5 per cent in the third quarter last year after increasing by 1.3 per cent in the previous three months, the EEC Commission said. Figures for the fourth quarter are not yet available but the Commission said a
        Agencies  -  446 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      105 5 There's only one way to take Glenfiddich! Seriously. You can take it straight. Or with a little plain water. But do remember that you're tasting no ordinary Scotch. Glenfiddich is a pure, single malt. Distilled in the ancient way, in traditional handbeaten copper stills. The result is, perhaps the finest
      105 words
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  • Article
    Looking beyond job creation
    319 6 BIG projects and multi-million dollar investments are familiar items of news and Japanese investors over the last three years have contributed a sizeable portion of the investments in a growing Singapore economy. The petrochemical complex and the television tube plant naturally draw the attention because of
    319 words
  • Article
    Investment fund merits support
    258 6 THE Keizai Doyukai proposal for an investment fund to finance small projects in Asean countries is a worthy one and we must hope that the discussions later this month in Jakarta and then in Tokyo will see the establishment of such a fund. It has long
    258 words
  • Article, Illustration
    Lock icon FIRST FLOATING POWER STATION FROM BONN?
    771 6  -  While Britain, Holland and Norway cash in on a North Sea oil boom, West Germany must be satisfied with a number of small, uneconomical gasfields. But this may change. A large German company is developing a concept for exploiting these fields through offshore, gas-fired
    FT  -  771 words
  • Article
    Weight of public opinion a fickle device
    879 6  -  FORUM with QUEK PECK LIM THE CONFRONTATION between America and the Soviet Union is a classic example of how leaders of both countries respond to the realities about them and also an interesting study in how they utilise the weapons they have at
    879 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      115 6 Bank of America shows more interest in your money. Especially money on Fixed Deposits Now BVa p.a. for 1 month* 8 Vi p.a. for 3 months 8 1 /8 p.a. for 6& 9 months B%p a. for 12 months min.: $25,000) If you're interested in more interest on your money
      115 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1271 6 New Eisenhower serial WATCH lit far the new serial on Ike Dwight Eisenhower. The saga begins with the Pearl Harboar attack that brought the yoang Brigadier to Washington. His military visions so inspired President Roosevelt that he made Eisenhower Supreme Commander of all Allied Forces and the D-Day invasion. This
      1,271 words
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  • Article, Illustration
    Coax the Japanese to feel less Japanese
    3038 7  -  Tokyo has proved it can make just about everything better than everyone else. Its next and most difficult step is to internationalise. THOMAS NEVINS examines the future of a changing Japan and its impact on the United States. This article first appeared in
    3,038 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      40 7 fgss| s«.^f V 4 ELt 'i •>. Sports wear that equals the performance of Champions Available at: Mike's Golf Centre G24, Tanglm Shopping Centre G6, Clifford Centre, (Raffles Place) M 22, Lucky Plaza GRAND SLAM for added confidence in your games
      40 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        314 8 JAN 23 Krs (OKHHIIK Air 1 iquide 493 25 H S N nervals Danone 951 19 t' S F {ThomstinCMJ 545 4 1 l*lf f'rancuis* des Pflroles 251 50 -45 Corn f>uKfi it Financiere Compagme Generate 335 unci 1'redit Foncier De France 442 -3 Hacheite «LUnlhr) 2.10 10 Machines
        314 words
      • Article
        Brussels
        93 8 JAN 23 f'rs FORWARD MARKET AcsC 130 •3 ArN»d 2410 10 Astur 598 •12 Brascan •20 Bru-Lamb 1«60 •IS Canpar 1022 50 CM k M 5 i h Bun 319 -11 Kbes rrx\ 10 Dm trobet 6050 40 Gb-Inno-Hm 2400 4 20 Qf« 930 10 Hobok 3070 5 Petro
        93 words
      • Article
        Frankfurt
        222 8 JAN 23 Dm Aeg-Telefunken 4000 1» Akzo 21 00 Allz t.eben 870 00 5 Alls Vers 374 tHlxri BMV ***** 1 2 Buy »l T Whank 229 Mi Bay Vbank 261 (Hi 1 Bayer iJU lAJ yn< MK .v -28 mmm rassell.t MMi Chem Verm nmnifrzhiink 173 SO Conn
        222 words
      • Article
        Amsterdam
        219 8 JAN 23 Fls MM 288 .SO -15 Ahold 82 li»> 0.2 Akzo .1* M -03 AMKV 0.2 Amfas iriji 1 3 Amro Bank 61 It -0 5 Bergou 41 10 -0 4 Berk si 1 Bote SO .so 05 Borsumij Hurhmann x> a 0 4 Bvmkorf HO 00 13
        219 words
      • Article
        Zurich
        181 8 JAN 23 Francs Actions Suisses 290 un< ti AIunuIvnt Br 1260 -5 Alusuisse Reg 480 -1 brown Boveri Br 1780 5 Ciha Grify Br 1215 -5 Clba Oicy P 1* <*50 10 Ciba Kck *79 •1 Credit Suisse Br 2MO 10 Credit Suisse Rrg m -3 Klektrowatl Br 2180
        181 words
      • Article
        Milan
        111 8 JAN 23 I-ire Ann 9 faO unch Asmh Gen ■a 290 Kaslogt 773 50 2 5 CMMralf M2SI 320 MM 19% -35 I- insider -1 75 Gen Immoh 69 25 ♦02 1H I ri 2510 50 Itairementi 2* ttOU 1(0 lUl K as *06 5 Italsider 236 .-4 Maitneti
        111 words
      • Article
        Prices rebound
        1396 8 NEW YORK LED BY strength in defence and oil issues, the stock market on Wednesday rose sharply in heavy trading Analysts said the defence group benefited from indications that President Carter will outline a tough defence posture in his state of the union message last night. Mr Carter
        1,396 words
      • Article
        TORONTO
        217 8 JAN 23 CS Ablllbl 20 > Alean ss 2 Algoma 35 Bank Mont 25 s Bank Nova Scotia 24 Si 'i Bell Tel 20S unch Beth Corp BP Can Ltd 36 Brascan 24 S Camp Red Lake 35 Can Imp Bk 27 Si Canpac 42 l'» Canpac Inv PI
        217 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      241 8 >. WA- >: Mx a'• dine and enter Delectable local dishes and Western lunches set in daintily stylish Scandinavian decor. Popular SELF-SERVICE lunch daily From 10 30am to 3 00pm and snacks trom 3.00pm spm You ve got to try it to believe! Fabulous harbour view DOLPHIN CAFETERIA Sentosa Isle
      241 words
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      Page 8 Advertisements Column 2
      153 8 ti For drinking. For dancing. For delightful evenings. Music by Bacchus International of London. U t' t'l dpi' H SI rm R9pmto J am Si 5 10% service charge J% ci \v.\ Istiirink /Rl SA 19pm to J <;w S/.s service charge ?'/o n w I\t i/nni iW(*> C «'iillii*}
      153 words
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      Page 8 Advertisements Column 3
      108 8 See Page 4 for Asian stocks See Page 9 for Jo'burg prices prepared by our exclusive Thai Chefs It's the talk of the town. £i s Merlin's New Grill Room It's elegant, comfortable and quietly opulent, with a menu that will delight the discriminating. Our a la carte selections specialise
      108 words
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      Page 8 Advertisements Column 4
      177 8 LUNCH AT HilllC Wmw w 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 Murtaoak. Steam-ooat. Malay Curries. Noodles. Smoked Duck and Suckling Pig. Satay. Chilli Crabs Exceptional Cantonese menu Dy celebrated Hong
      177 words
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      Page 8 Advertisements Column 5
      61 8 Robin's Tavern. The place to go to, after work. To relax, and to enjoy your favourite drink. In a cosy, soothing <c atmosphere with cool, ILJ-I cool music provided by *.\&3 j a live group. Visit us at Robin's Tavern we know you'll like it. Happy Honrs: 4-7 p.a. tS%
      61 words
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  • BANKING AND FINANCE
    • Article
      Consortium loan of US$300m for San Miguel
      319 9 THE Philippine conglomerate San Miguel Corp (SMC) announced it had obtained a US$3OO million loan on terms which are among the best given to any firm in Southeast Asia. SMC said the loan agreement was signed on Wednesday in Hong Kong with a
      319 words
    • Article
      Mitsui Bank told by Finance Ministry to observe guidelines
      309 9 THE Japanese Finance Ministry said it has told Mitsui Bank to strictly observe guidelines for lendings to single borrowers, and reduce its lendings to Mitsui and Co Ltd by 66.80 billion yen by the end of March. In December 1974, the
      309 words
    • Article
      Expected reversals in money market
      522 9  -  By LEE YOKE MENG A REVERSAL of tight money market conditions is expected to become increasingly evident early this year, with the US prime lending rate declining gradually to 12 per cent by the middle of this year, predicted a prominent American banker and economist,
      522 words
    • Article
      Shift from US$ to other currencies expected
      159 9 MORE countries are expected to shift from the US dollar to other currencies for business settlement in the 1980s, a top Japanese bank has reported. The report by Mitsubishi Bank said: "The US dollar would lose its strength as an internationally negotiable currency
      159 words
    • Article
      Belgian franc may be devalued
      370 9 STERLING is likely to remain firm over the near term while the devaluation of the Belgian franc within the European Monetary System (EMS) may become unavoidable. Since mid-December, the pound has appreciated from US$ 2.20 pound to levels near $2.27 pound. It has benefited as
      370 words
    • Article
      Invitation from IMF
      73 9 THE International Monetary Fund has released the "Invitation to Bid" forms for the gold auction, which is held monthly. The auction on Feb 6 is conducted on behalf of the Trust Fund. Copies of the Fund's "Invitation to Bid" sets out the terms and conditions for the
      73 words
    • Article
      Lloyds relaxes ownership rule
      95 9 LLOYDS of London told Marsh and McLennan Co Inc that it will relax its rules against outside ownership to allow Marsh a 25 per cent stake in CT Bowring Ltd, if a merger goes through. Marsh was told in private discussions that Lloyds would relax its
      95 words
    • Article
      Bank Rakyat plans to streamline loan policy
      470 9 BANK Rakyat, which was near collapse in 1977, will streamline its loan policy to standardise its interest rates for various categories of borrowers. The adoption of the policy will be discussed at the bank's forthcoming annual general meeting. At this meeting, the list
      470 words
    • Article
      Germans greet US bonds with reserve
      185 9 THE West German capital market greeted the details of coupons on the second instalment of US mark bearer Treasury bonds, with reserve. The coupons of 8.50 and 8.45 per cent for the respective 2'j and SH year maturities are generally lower than expected by
      185 words
    • Article
      JO'BURG STOCK PRICES
      337 9 JAN 23 Rand INDUSTRIALS A Alpha ■i unrh Aherrom 6 AK And CI MM AMK mm -50 Barlows HOf) -5 t'K Su«ar mm -20 NA -5 lurrie Finance 135 unrh Bffn M Kdi «»n m unrh F -l«ars MM Kvereafly Fed Volk 410 unrh >Jtflt 1«S unrh
      337 words
    • Article
      Little scope for easier American monetary trend
      288 9 THE long awaited US recession is at hand, but it will prove shallow. It will be concentrated in housing and consumer spending and will provide little scope for an easing of US monetary policy, Norman Robertson, senior vice president of Mellon Bank, said.
      288 words
    • Article
      Credit for Jakarta
      81 9 INDONESIA is raising a US$3O million 12-year loan tol finance the construction of a paper mill, lead manager Chase Manhattan Asia Ltd said. The loan carries a 30 month grace period and the interest is 0.625 per cent over London interbank offered rates (Libor) for the! first
      81 words
    • Article
      BOURSE GAME
      172 9 THE Institute of Banking and Finance (IBF) will be conducting a training course on foreign exchange, sponsored by Citibank NA. this month. The 11-day residential programme held at the RELC International House will commence on Jan 27. It is geared for foreign exchange staff in member institutions of
      172 words
    • Article
      Swiss banks raise rates
      61 9 FOUR major Swiss banks have decided to increase, j with immediate effect, their rates for time deposits by non-bank clients, from 4.75 per cent to 5 per cent. The four banks are Credit Suisse. Swiss Bank Corp. Swiss Volksbank and Union Bank of Switzerland. The rate
      61 words
    • Article
      London
      279 9 THE U.S. dollar opened steady in quiet but nervous trading yesterday, generally firmer than its closing on Wednesday against most currencies but easier on overnight Far East levels, dealers said. Operators seemed generally unwilling to open fresh positions for the time being following President Carter's State of the Union
      279 words
    • Article
      Hongkong
      166 9 THE U.S. dollar firmed against the yen yesterday in otherwise quiet late exchanges here in which the unit remained little changed against other major currencies, dealers said. The dollar firmed to a late 238.35 yen oo strong commercial demand out of Tokyo from New York's closing 236.40 60 and
      166 words
    • Article
      Oil producers will diversify
      84 9 OIL producing countries will increasingly diversify their investments out of the dollar in the 1980s, switching to other currencies, equities and commodities, said Roger Azar, chairman of Azar SA. If the West fails to offer adequate channels for increasingly large Opec surpluses. there will be political
      84 words
    • Article
      GOLD
      366 9 GOLD futures in Singapore closed sharply higher yesterday compared with overnight levels in generally light trading, dealers said. Trading was suspended for an hour yesterday morning as prices opened limitup across the board and thereafter prices rose gradually on some fresh buying interest influenced by firmer overseas gold markets,
      366 words
    • Article
      Singapore market
      507 9 THE U.S. dollar closed mixed in relatively quiet trading yesterday. News of the reduced Japanese trade deficit had only a temporary effect of undercutting the dollar's value. Opening at 237.65 95 yen, the dollar was traded upwards to the day's highest of 239.00 10 before dropping to 238.30
      507 words
    • Article
      Frankfurt
      70 9 FRANKFURT exchanges opening quotes yesterday: US 1.7315 25 Stg 3.941 945 Can 1.4930 56 Dfl 90 49 61 Sfr 107.65/81 Lit 2.144 6 Ffr 42.66/71 Nkr 35.18/22 Bfr con 6.155/62 Bfr fin 5.985 996 Yen 0.7252 62 OCBC exchange rate index THE OCBC trade-weighted Index for the Singapore dollar
      70 words
    • Article
      PLR
      22 9 THE average rate at which major Singapore banks are currently prepared to lend to their beat customers is 10.25 per cent.
      22 words
    • Article
      ASIAN $ RATES
      151 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Jan 24: 7 days 1 month 2 months 3 months 6 months 9 months 12 months L'9 D«H*r»l Spoil Offer BU 13 15/16 13 1V16 14'. 14 V» 14 13/16 1411/16 14 7/16 14 5/16 14 7/16 14 5/16
      151 words
    • Article
      Discount
      49 9 RANGE of prices offered by discount houses on Jan 24: Overnight® t 3 Call deposits: 6<< to* 3 Ckwimc Buvim SelliM 3-month Treasury bills 6 1 6H 3 month Bank bills 10'* 10 3 months CD 10 13/*****1/1« 6 months CD 10 s 10'4 Source: National Discount Co
      49 words
    • Article
      Tokyo
      143 9 THE U.S. dollar for overnight delivery closed sharply firmer yesterday at 238.35 yen, compared with a 238.60 opening and 238.20 at Wednesday's close, dealers said. After opening sharply lower in line with New York, the dollar rose to 239.10 yen on import covering and buying by foreign banks following
      143 words
    • Article
      Australia/NZ
      48 9 AUSTRALIA /NZ exchanges quotes yesterday: US dollar 1.1132/1.1084 Sterling 0.4902/0.4846 Ninety day air mail buying rates Sterling 0.4964 US dlrs 1.1236 New Zealand Reserve bank midrate us dlrs 0.9885 Trading bank-indications: Sterling 0.4353/0.4323 US dlrs 0.9935/0.9835 Ninety day air mail buying rates Sterling 0.4563 US dlrs 1.0328
      48 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      66 9 w THE TOKAI BANK,LTD. U5515,000,000 NEGOTIABLE FLOATING RATE U. S. DOLLAR CERTIFICATES OF DEPOSIT DUE JANUARY 1983 In accordance with the provisions of the Certificates, notice is hereby given that for the Interest Period from January 25,1980 to July 25.1980 the Certificates will carry a rate of interest 14 5,
      66 words
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      Page 9 Advertisements Column 2
      4 9 ede fkt* Id P\<
      4 words
Page thumbnail Page 10
  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2217 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified SECTION ONE INDUSTRIAL A COMMERCIAL Acma (2
    2,217 words
  • Article
    Unit trusts
    164 10 SINGAPORE I'NIT TBI ST INCOME BOND 1 NIT (M»m**rrV prim far Jm S) (Cmrreat pri Im) The Commerce 233 2.47 Income Bond 1.19 1 26 The Saving Fund ISO 1.59 S'pore Prog Fund S pore Sec. Fund 1.04 1.82 1 10 193 MABA Bl MIPITBA S'pore Invest Fund
    164 words
  • Article
    SHARE INFORMATION SERVICE
    2804 10 Gr's Gr's *****0 Last Div Div Y'ld Net Vol Day High Low Company Sale or- C* vr P/E 000) High Low SECTION ONE INDUSTRIAL A COMMERCIAL 261 207 Acma 255 5 15.0 22 5.8 13.0 10 255 250 223 123* Alcorn 223 10.0 1.3 4.4 297 i*
    2,804 words
  • Article
    In Kuala Lumpur
    2296 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. IMHSTRIALS Alcam (2.098) (2) 2.07 (U) 2 08 Alex Hatd (1 2981
    2,296 words
  • Article, Illustration
    Outstanding counter in Sea View
    810 10 RENEWED baying Interest In afternoon trading yesterday led to t general Improvement In share prices at the Stack Exchange of Singapore. The day's ontstandlng counter was Sea View Hotel which gained seven cents yesterday at a closing price of 12.18 on a turnover of 145,111
    810 words
  • Article
    Prices close higher in KL
    516 10 PRICES finished generally higher at the Kuala Lumpur stock market yesterday, thanks to renewed buying interest in the afternoon. The plantation issues were soft initially, but hardened as the day progressed. They too closed on a steadier note. Reflecting the beUer trend, the New Straits
    516 words
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  • COMPANY NEWS
    • Article
      Eighties may well be a decade of change
      1552 11  -  By CATHERINE ONG WHILE the seventies were a period of adjustment, the eighties could well be the decade when new growth industries begin to transform major economies. The main Organisation for Economic Cooperation and Development (OECD) countries will enjoy real growth, albeit
      1,552 words
    • Article
      Khong Guan profits and sales improve
      291 11 DESPITE improved profits and increased export sales, Khong Guan Flour Milling still appears to be disturbed about its performance for the six months ending Oct 31, 1979. In its half-yearly report, the company announced that profits had improved over that of the previous half-year.
      291 words
    • Article, Illustration
      Higher operating expenses lower Berjuntai profit
      509 11  -  By KOH TSE YING RISING costs, a feature of Malaysian tin mines in general, appear to be a particularly acute problem with Berjuntai. In the latest issue of Far East Weekly News, stock analyst Laurence, Prust and Company said that its earlier estimation of
      509 words
    • Article
      DIVIDENDS ANNOUNCED
      334 11 Current Ez Booka Date Total for Total for Payment Date Close Payable the year Previous year Nanyang Preaa I2%<b) Jan 8 Jan 15 Jan 24 12% 6% Sg Beai 200% I Dec 31 Jan 11 Jan 24 200% 520% Oriental Hldga 6%X Dec 31 Jan 11 Jan 28
      334 words
    • Article
      SCRIP ISSUE
      108 11 Company Particulars Ez Date Books Close M Brrwtriti Bonus Issue of 1 for 2 Jan 24 Jan 31 Lingui Bonus Issue of 5 for 3 Jan 22 Feb 1 Temerloh Bonus Issue of 1 for 1 NYA NYA Sentona Bonus Issue of 1 for 3 NYA NYA T
      108 words
    • Article, Illustration
      Lock icon Relisting of CHL would be timely
      457 11 u §SK)®CL^ HOCK LOCK SIEW SHAREHOLDERS' of Consolidated Hotels Ltd (CHL) must have their patience stretched thin after all these long years of waiting for their nest of eggs to hatch. To date, they have yet to relieve themselves of what is perhaps the
      HOCK LOCK SIEW  -  457 words
    • Article
      RESULTS DUE
      258 11 Date Lact Full Year Company Perled Auoueed Net EPS Gren Pre-tax last year (eents) Div. <%) Profit BATS I 1/12 5.1 17.0 3,983 M'wata Steel I 22/12 12.4 10.0TE 14,803 Perlis Plant F 12/1 19.1 27.5 27,068 Folex Ind F 18/1 2.7 0.0 858 N B Timbers I
      258 words
  • Page 11 Advertisements
Page thumbnail Page 12
  • Article
    Industrial democracies face grave challenge
    345 12 THE industrial democracies are facing a challenge, both internally and from without, that will tax to the utmost the wisdom and resolution of their people and leaders. Speaking at the Stanford Research Institute meeting in Singapore yesterday, the Deputy Prime Minister and Minister for Education,
    345 words
  • Article
    Reunification talks between two Koreas next month
    281 12 SOUTH Korea has accepted a North Korean proposal for talks between prime ministers of the two sides and suggested a workinglevel preparatory meeting be held at Panmunjom on Feb 6. The talks would be to discuss the reunification of the two Koreas. South
    281 words
  • Article
    Lock icon Malaysia approves rubber price control method
    287 12 AFP THE Malaysian government has approved the International Natural Rubber Agreement (Inra) on price stabilisation and regulating trade in the commodity, the Minister of Primary Industries Datuk Paul Leong said in Kuala Lumpur yesterday. He said the document, drawn up by representatives of 55
    AFP  -  287 words
  • Article
    Gold deposit requirement increased
    68 12 THE Singapore Gold Clearing House Pte Ltd has raised the deposit requirement to both clients and members of the clearing house from US$7,OOO per 100 ounce lot to US$l5,OOO, effective yesterday. According to an exchange spokesman, this was necessitated by the rise in the price of
    68 words
  • Article
    LONDON STOCKS
    811 12 LONDON, Thurs. Government bonds closed lower after an active session while golds and domestic issues were mixed. At 3 pm, the FT index was down 0.2 at 450 6 Government bonds ended with net falls of up to 1 1 points in an overbought market. dealers said Initially,
    811 words
  • Article, Illustration
    Lock icon FADING GLITTER
    82 12 An Internal Security Officer at the Rand Gold Refinery in Johannesburg, standing over five pallets of pure gold bars. These bars will glitter for certain, but one cannot say the same of their prices. The bars were worth ITSS6l T S$6 million on Monday when they were moulded.
    Source:UPI photo  -  82 words
  • Article
    Budding interest in Chinese orchid farms
    538 12 SINGAPORE florists may be setting up orchid farms in China's southern region. Activities by several florists point to a developing interest in a potentially huge orchid farming area in the south where the weather might be warm enough. Princess Flower Shop had sent representatives
    538 words
  • Article
    Molex expanding capacity to meet Asian boom
    537 12 MOLEX SINGAPORE, one of the few companies manufacturing connectors, switches and integrated circuit sockets in Southeast Asia, is expanding operations to meet the current electronics boom in Asia. It will invest 12 million this year in new equipment and a factory extension. This
    537 words
  • Article
    Economic reassurance for Asean
    101 12 MR MASAHARU Matsushita, the leader of a visiting 32-member Japanese trade mission' yesterday reaffirmed Japan's continued interest in maintaining close links with Asean especially in the economic field. Mr Matsushita, chairman of the famous Japanese electric company bearing his name, said: "While Asean may worry about
    101 words
  • Article
    Taxation agreement
    56 12 THE exchange of instruments of ratification ceremony for the double taxation agreement between Singapore and Sri Lanka will be held at the Ministry of Foreign Affairs today. It will be signed by Mr Tan Boon Seng, Acting Second Permanent Secretary of the Foreign Affairs Ministry and Mr C
    56 words
  • Article
    Lock icon New resolve in US foreign policy
    228 12 Reuter AUSTRALIA yesterday praised President Carter's message outlining America's new foreign policy goals in response to Soviet expansionism in Afghanistan and elsewhere. In a statement issued at the end of a two-day visit to Singapore, Australian Foreign Minister Andrew Peacock described President Carter's State
    Reuter  -  228 words
  • Article
    Lock icon Japan outlook passed
    221 12 Reuter THE JAPANESE Cabinet formally approved the Economic Planning Agency's (EPA) economic outlook for fiscal 1980 starting next April, which sets Japan's real economic growth rate target at 4.8 per cent, compared with an estimated 6 per cent in fiscal 1979, the EPA said. The outlook is
    Reuter  -  221 words
  • Article
    Lock icon Gold investors turn to stocks in HK
    288 12 Reuter THE HONGKONG stock market index rose to its highest level for nearly seven years yesterday, as small investors switched away from the volatile gold market into local shares. The Hang Seng shares index rose more than 22 points in the day to
    Reuter  -  288 words
  • Article
    Lock icon Shah to be extradited?
    231 12 Reuter PANAMANIAN President Aristides Royo yesterday told Iran that the deposed Shah was forbidden to leave Panama until a decision was made on Iran's request for his extradition, Iranian Foreign Minister Sadegh Ghotbzadeh said. Mr Ghotbzadeh said that the Panamanian position, conveyed to him in a
    Reuter  -  231 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      325 12 why not be a Pi" TOW Top men earn top money when qualified Full training for UCTA Diploma Exam. The man in the car could be You The house and family could be Yours. With you in a prosperous new job enjoying a new life a happier life, a more
      325 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      66 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Windy with showers in a few places after midday. Report for 24 hours prior to 7.3® p.m. on Jan 24 at the airport. Maximum temperature 30.9 Associated humidity 61 Minimum temperature 21.3 Associated humidity 95 Hours of sunshine 10.35 Rainfall
      66 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Draughtsmanship course
        97 13 NGEE ANN Technical College will be conducting a Ship Draughtsmanship course commencing on April 21. The two-year part-time course, which leads to a certificate in the subject aims to provide an opportunity for those in the shipbuilding and repairing industry as well as in the marine engineering and
        97 words
      • Article
        Lock icon Maritime exhibition
        72 13 AFP THE SEATRADE Organisation is establishing a major biennial maritime exhibition in Hongkong, the first of which will be held in November this year. It will be the first major event of its kind in this region and is sponsored by the Hongkong Shipowners' Association and the Hongkong
        AFP  -  72 words
      • Article
        Lock icon Sasebo strike
        87 13 Reuter SOME 3,500 dockers on Wednesday began a 44hour strike to back demands for amendments to a plan to revive their debt-ridden company. Trade unionists formed picket lines in front of the Sasebo Heavy Industries (SSK) dockyard in Sasebo, southern Japan, at noon to begin the walkout which
        Reuter  -  87 words
    • Article
      Plans to increase hauling capacity
      640 13  -  KONTENA NASIONAL RESPONDS By G DURAIRAJ KONTENA Nasional, Malaysia's sole road haulier of containers, will, by May, increase by more than twofold its capacity to transport 40-ft containers. It will similarly expand its overall capacity of container haulage equipment to meet the rapid increase in
      640 words
    • Article
      INDEX TO ADVERTISERS
      605 13 Shipping Line Page C*l Adriatic IV 5 Afea VI 3 Alfred CTS IV 5 Alltra ns VI 5 Alpac VI 5 Angkutan VI 4 ANL I 1 APL ra 4/5 Argentine IV 4 ASCL m 1 Asia America IV 5 Asia Merchant IV 5 Atlas VI 4
      605 words
    • Article
      Lock icon UN conference on shipping sees need to act
      527 14 AFP Reuter SHIPPING talks which ended in disagreement in Geneva on Tuesday night over how to combat the harm caused by flags of convenience did make progress by reaching a consensus on the need to take action. United Nations officials said on
      AFP; Reuter  -  527 words
    • Article
      Glut fails to appear
      302 14 AN ANTICIPATED flood of unemployed Soviet chartered shipping following the recent ban on handling such vessels by United States longshoremen has failed to appear on the freight market and is being gradually re-deployed, Baltic Exchange sources said on Tuesday. There were fears last week that perhaps
      302 words
    • Article
      Container Schedules
      953 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      953 words
    • Article
      LONDON FREIGHTS
      1495 14 CHARTERING was quiet in the North American grain sector of the chartering market with limited business including heavy grain from the US Gulf to east coast Mexico at US$l6 and from the Mississippi to the Netherlands at $15.50, both for Jan/ Feb. A vessel was secured from the
      1,495 words
    • Article
      Lock icon The search for optimum maritime fuel efficiency
      1330 15 Lloyd's List THE most fuel-efficient ship design currently available is the pure sailing vessel. The fact that commercial sail is not widely used demonstrates the degree to which the shipping industry is locked into the consumption patterns which prevailed during the era of
      Lloyd's List  -  1,330 words
    • Article
      Lock icon British ships need to retain edge
      333 15 Reuter THE SOMBRE International trading outlook (or 1984 reinforces the need for British shipping to do all it can to retain its competitive edge, the General Council of British Shipping, GCBS, said on Wednesday. Bat, at a press conference, Mr David Ropner, president of
      Reuter  -  333 words
    • Article
      SHIPS IN PORT
      502 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Chie Maru (Tanker) (after Joo Hong P/O Soya Bean Oil, subject gas free) 13/14 Eniseysk (Tanker) (after Pinewood shifts P/O, subject gas free) 15/16 Hoegh Opal (Yong Jiang) 1/2 Hel (after Hamanasu Maru hauls Logistic Ace sails, head east for D/L) 33
      502 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3760 19 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      3,760 words
    • Article
      Buy and sell sector is fast picking up
      1616 20 ORIENT EXCHANGE A DEFINITE trend is starting to develop in Asean as more shippers are beginning to do business with shipping companies that do not engage in trading activities. One of the strengths of some conference lines is the strict control they
      1,616 words
    • Article
      Lock icon Mexico responds positively to Pao's offer
      157 20 AP SIR Yue-Kong Pao, president of Intertanko, which claims to be the world's largest tanker transport firm, said on Tuesday he received a "positive reaction" from the Mexican government on his firm's offer to build a massive fleet of supertankers to export Mexican oil.
      AP  -  157 words
    • Article
      Lock icon Russian firm cancels grain orders
      148 20 UPI A RUSSIAN firm has cancelled its order for 25 tonnes of grain that US longshoremen refused to load and has sent its vessel to Canada to pick up a wheat shipment, an agent for the Soviet company said on Tuesday. Mr Frank Jordan, assistant
      UPI  -  148 words
    • Article
      WHO ACTS FOR WHOM...
      1644 20 The leading shipping lines operating from local ports and the agents who handle cargo bookings for them. a-b Adriatic Container Container Feeders (S), Cargo Freight (PK). AFEA Singapore Shipping Agencies (S) Euro-Asia Line (PK PN). Alfred C. Toepfer Intermodal (S)/ Marintex Enterprise (PK). Alfred C. Toepfer
      1,644 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      440 13 a st class transport Agents Nedlloyd EAC For further details please refer to page V 1 Scan Dutch y| .lAR DIM I All Orient Overseas Ca*dcjMeA Line aroat OBENTAL CHEF 171 HKONG COMIUKI IK CWM CONTMO S SEAS BRDGE 2« KPTUNE COKAt ICE KOREAN JACERN 4N ICFTtK PEAK IK CtCVAIE*
      440 words
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      Page 13 Advertisements Column 2
      27 13 t f SEALORD UJ ANTAH H UASC UNITED ARAB SHIPPING CO (SAG) ARABIAN GULF 088 seaJ\land Customer Service Booking *****22 Terminal *****53'2571 137 ,'mwn.iiin'iM,!ii rarer E3IHIEE3I i
      27 words
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      Page 13 Advertisements Column 3
      136 13 NOL NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE 2/3 3/3 4/3 7/3 J/3 11/3* Containers Feedered to/from F'stowe Also accepting cargo to/from Scandnavia K. JACEWON S pore Closing fanes: FCL Cargo LCL Cargo FROM EUROPE (VIA SUEZ): H'burt Brtm A'worp 16/2 17/2 20/2 22/2 23/2 26/2 27/2 21/2
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      863 13 li Nedlloyd Lines Call us We call the world Agents: Nedlloyd EAC Please refer to page v wm CONTAINER Schedules n SHIPS In Port ffl SHIPPING List VH ORIENT Exchange VIH REGIONAL Weather VHI WHO Acts For Whom VIH MAERSK LINE Foi U S Pacihc Pacite Worth West. GuW t
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      729 14 LEO SHIPPING PTE LTD. SINGAPORE PERNfIS-MISC SHIPPING AGENCIES SDN BHD PORT KELANG PENANG J J J IMOi HEAD OFFICE: WISMA MISC TEL: NO: KL *****8 MALA YSJAN INTERNA TtONAL SHPHNG CORPORA TtON BERHAD Also Acceplmg Fm: li Barcelona Genoa 2) Amsterdam Antwerp I Havre. Bilbao Basle. UK. 3) Bremen Bremenhaven
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      272 14 SUPERCARRIER SERVICE WEEKLY SERVICE FROM US ATLANTIC/GULF AND E. CANADA t«U VESSELS BOTH IT OK TDMMI GODONH 47 WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA pt r#mi feu BMOa TOM *26/1 mn mm *io/? ICKTTCUS 31/1 5/2 BMBa PEBSEUS *24/2 Mi Itii? Fa Maw mti Sa*i Ctetn
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      931 15 STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Overseas M Containers Limited Weekly service to/from UK/Europe CONTUCRSHP S£SVIC£ TO UK/CONTMNT: H"buri ft dan Spat P Kelanc D'mart Brem A'werp L< Hint Eipress 27 lan 2t tin II Feb 20 Feb 21 Feb 23 Feb 4 Ft* 23 Feb
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      Page 15 Advertisements Column 2
      493 15 NOTICE SINGAPORE [AJ POLYTECHNIC Oil. CHEMim MP LIQUEFIED BAB TANKED SAFETY COURSE The Department of Nautical Studies will shortly be conducting another Oil, Chemical and Liquefied Gas Tanker Safety Course. The Course is designed for officer personnel on merchant ships, irrespective of whether they have tanker experience, and is in
      493 words
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      959 16 Hapag-Lloyd FIULt CONTAIT(RIS£D TO EUROPI EXPRESS CONVENTIONAL TO EUROPE Spore P Kelang Pen Bdbao Genoa H'burg Bremen ft dam Antwerp Mai Rickmers b 1 29 1 1 2 29 2 22 2 10 3 8 3 i j 3 3 Hides/iem 8 2 10 2 3 19 3 16 3
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      Page 16 Advertisements Column 2
      636 16 KOREA SHIPPING CORPN VEGA 145VK VEGA 146E P. Kelang 10/13 Feb SPORE 14/18 Feb 10/13 Feb 14/18 Feb FM BUSAN BANGKOK 10/13 Feb 14/18 Feb TO BUSAN ALT AIR 149W ALTAIR 150E 6/9 Mar 10/13 Mar FM BUSAN BANGKOK TO BUSAN ALTAIR 150E 6/9 Mar 10/13 Mar TO BUSAN PENANG
      636 words
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      Page 16 Advertisements Column 3
      409 16 EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTING CARGO FOR HAMBURG FELIXSFOWE ROTTERDAM ANTWERP IE HAVRE ALSO ACCEPTING CARGO FOR UNITED KINGDOM SOUTHAMPTON LONDON MANCHESTER, BIRMINGHAM BRISTOL LIVERPOOL GLASGOW LEEDS WEST GERMANY HOLLAND AMSTERDAM Spore Hambug Fetation Rotterdam Antwerp le Hint i Ever Victor, 1 Feb 20 Feb 21
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      Page 16 Advertisements Column 4
      1082 16 1 Everett Lines/ Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON MANIAWTWA In Port/2? Jan PHASMIWGMWT** (focharfwg onIf) 7t/2t lon 21/31 Jan PAGAN (Dtschargng oidy) 30/1 Feb 2/5 Fob 7/1 B F SS C Agents in Malaysia TEPS MALAYSIA Port Kelong Tel (38) 7355 Penonq Tel 62U1/*****
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      Page 16 Advertisements Column 5
      754 16 OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102/2103, 21ST FLOOR. MARINA HOUSE SHENTON WAY MISTRI ROAD, SINGAPORE 2 TEL *****44/7&*****70 O SANKYO LINE AUSTRALIA SERVICE MAY SKY 29/30 Jan MAY CARP 13/15 Feb Singapore 26/28 tan 10/12 Feb Loading for: Bit IS. SYD. MEL SYD. MEL. ADEL BANGLADESH SERVICE 18/23 Feb
      754 words
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      Page 17 Advertisements Column 1
      547 17 L. *0!* SENTOSA HOT* CANT* PIL GROUP EAST AFRICA/REDSEA SERVICE Snfapore 10 15 Match PKetanf Petunf Loadnf tor Daiessalaam MomtJasa leddad *01A KKNAH Hodetdafi Port Sudan Daiessalaam Mombasa Hodeidah KOTA lATA Mdah Pott Sudan KOTA SENTOSA P Ketanf Petijnf COLOMBO/KARACHI/P. GULF SERVICE KOTA RATU 2S/3 Mar KOTA RUKUN Colombo, Karachi
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      Page 17 Advertisements Column 2
      172 17 SOON SENG GROUP Regular Service To East M'sia Vessel PKlang S pore P Gudang loading for FONG SIANG Voy 102 27 ian Kuchmj/Sibu FONG SOON Voy 202 9 Feb KK/S'kan Principal KUAIA lUMPUR POUT KtIANG Agent Soon Seng Shipping Sdn Bhd 23 lalan Melayu Tel 03 *****4 *****0 Telei MA
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      Page 17 Advertisements Column 3
      569 17 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE FBQMEMMPE H BURG BHAVIN RDAM HAVRE SOION W Germany Austria Benelui France All UK PKelang Spore fw: Mm Man Sated Sated Sated SaOed 29/1 fft BU lotro Bit SM M SAO Sated Sated 29/1 31/1 HK TWM loUitipmi Sated M Salad Sated
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      Page 17 Advertisements Column 4
      622 17 Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE r.'i i m 11: i»* t *iTi i »ti 11 :#i: run :rv/) fMMGAPFNAGA S«M AjHANDU 2»/l 13/2 18 2 U/2 21/1 BIMGA OANIA 2/2 BUNGA PERNA «/2 ?0/2 ZS,Z »/Z 2J/J BUNGA PENAGA wo Kin 2>/2 3/3 «/3 t/j BIMCA MWU It/?
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      Page 17 Advertisements Column 5
      695 17 BOUSTEAD SHIPP,NG AGENCIES THE BANK LINE LTD. LOADS FOR E. S. AFRICA BEAVDBAMI (Reunion Durban, Ctown ft Elu. E London) Spore 5/11 Feb P Hetang LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobile, Houston, Galveston) Singapore P KeUnj Kuantan US Gdl MASON LYKES (ditch 1 loads) In Pt/28
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      Page 18 Advertisements Column 1
      884 18 TO NORTH AMERICA FEEDER VESSELS* PK A Vessel 3/2 £10 MOTKR VESSELS !K lapan Ace 16 Alaska Mara 11/2 Kuobe Mani 11/2 Queen i Nay 11/2 LA SE NT 26/2 21/2 11/3 a/t Lwu Site Bridge 27/2 |/3 Vtnazano Bndge 28/2 21/2 C*)p«f Ace 16N 14/2 17/2 KMk Mam 2S/2
      884 words
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      Page 18 Advertisements Column 2
      463 18 E.C./GREAT LAKES SERVICE LOAOWG FOR tt* TOM NOKFOIK MONTRtAL TORONTO ASHUBUA Penjng Bt<a»ir P IWing S«i|4po« sar CALIFORNIA/PACIFIC NORTH WEST SERVICE lo*dn( lor LOS ANGELES SAN FRANCISCO SEATTLE. TACOMA VANCOUVER BC EXPRESS CONTAINER/CONVENTIONAL/ REEFER SERVICE Pmjnj P Kmng Singapore 1 Angrln AUSTRALIA SERVICE LOAOM FO Ptiunt Met Md S«d MH
      463 words
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      Page 18 Advertisements Column 3
      700 18 S S A Group SINGAPORE SHIPPING AGENCIES PTE LTD 5 20 TH FLOOR OCEAN BUILDING SINGAPORE 1 MARKETING *****2 (3 LINES) GENERAL 91)111 (14 LINES) TELEX RS ***** RS ***** A/B CARSHIP CABLE CARQOSMIP Container Miies WEEKLY CONTAMER SERVICE to/from BANGKOK STORE (Red) 10/31 lax 6/7 fell 13/14 Fed 20/21
      700 words
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      Page 18 Advertisements Column 4
      786 18 GRANARD LINE RED SEA/MEDITERRANEAN SERVICE S port P Kelang Penang Loadng for M Y MAN SMG V 35W.. 30 Jan leddah P Said Beirut Aleiandna M V MAN CHEOHf. ¥.MW 17 Feb P Said Ale«ar»dr.a 'Beirut M V MAN FUNG V 37* 20 Mar P Said; Aleiandna/Beirut lattakia ACCEPTMG CONTAMR
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      Page 18 Advertisements Column 5
      648 18 Aii'iuu, inuoji oAiiuai y K*3 y worn IA (PTE) Faber House. 234E Orchard Road. Singapore 9 Telephone *****11^*****57 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE SOND N869 PIS US NB7O S parc P. Keianf Penang Loadnf tar: tePwt 27 Jan BOULOGNE/UK (AVON) 9 Feb 13 Feb NANTES/UK (AVON) ANTWERP Smfapore
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      Page 19 Advertisements Column 1
      224 19 *TRUCONTAINER EXPRESS INTERNATIONAL (SI PTE LTD >• Suites 1311/1312. Shaw Towers, Beach Rd. Singapore 0718 Regular Container Service accepting FCL/LCL Cargo for New Zealand Auckland, Wellington, Lyttleton, Dunedin Australia Sydney, Melbourne, Brisbane, Adelaide, Sri Lanka Colombo Europe and U.K. Call *****81 Container leasing services EICCU CONTAINER FLEET MANAGEMENT SA HE.
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      Page 19 Advertisements Column 2
      243 19 M ANHSING OVERSEAS LINE REGULAR S£ Ml CONTAINER LINER SERVICE S'pOfe P Mang Penang loading lor UNION BAIT MORE 3/5 Feb teddah UNION LISBON 22/24 Feb Jeddah Aqaba UNION BOSTON H/15 Feb Jeddah tytyeifager Tllarine 6erp., CS.fi. TMMM/STtMTVTAIMR tXWJS IKK Stmt S'ptr* iMdhf tar •KOWIOON VOYAGER VOY 1* Sated Pemnj
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      Page 19 Advertisements Column 3
      340 19 m KANNIVELL LINES (REGULAR SERVICE SM6APORE/EAST-NEST MALAYSIA) ETA S'PORE PENANG LOADING FOR SEA LOVE V.l 28/1 2/2 KOTA KMABALU SEA LOVE V.2 12/2 16/2 DO SEA LOVE V.3 29/2 2/3 DO KANNWELL V.l 14/3 17/3 DO KANNN 30/3 2/4 DO (M.V. SEA LOVE EX TROPIC FURY) AGENTS SWGAPOW MOLLERS' (S)
      340 words
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      Page 19 Advertisements Column 4
      60 19 NOTICE M.V. HOW LOON VOY AGKR VOY 1 arrl\H 1R.1.M •I PP» (.ODOHN 3M (Jeneral survey on damaged cargo discharged ex the above vessel «ill be held on Monday 281 h JanuaiA I<MO as from 900 a m lo 300 p.m. No (unher survey will he held after this cine
      60 words
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      308 20 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO E6YPT (PORT SAID ALEXANDRIA) STORE PT KEI PENANG PT SAC ALEXANDRIA SPMNX U fete 15 Mar 3 Marl MLEU Feb 20 Apr 13 SPtmU omrts F«to 10 Fab 25 Marl jybjfct ndiir unint MARTRAN3 CARGO PLEASE CONTACT SCHENKEft
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      Page 20 Advertisements Column 2
      256 20 ZIK INTERNATIONAL FREIGHTWAYS PTE LTD pjoaik spore 21/21 REEFER SERVICE TO JAPAN rase. vac ro KAiSEI MARU In Port Kafce/Yofcotiama Loading (or Bangkok. Kobe/Yokohama VESSEL TO mm EAST Kobe/Yokohama PJSIW STQK KOTAUTU In Port loading tor Muscat, Btsran only PJIEUNG P.OJMM ifOK WMGWUNG ki Port loadmi tor Muscat. Basrak only
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  • Page 20 Miscellaneous
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      170 20 Regional Weather V.t: wo 4 jf FAIR CLOUDY w wc CLOUD WOl FAIR rwbi^ THUNDERSTORM <rsK<mma FWO3 t RilN WOl THUNDERSTORM WO2 THUNDERSTORM WO3 THUNDERSTORM Wo3glll|||l THUNDERSTORM mmm WO2 100E SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: (S) Centre of Tropical Depression, maximum wind speeds 22
      170 words