The Business Times, 29 February 1980

Microfilm: NL10472
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M-C.(P) No. 111/1/8« today, febeuaby a, int SOCENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Balanced budget
      73 1 Reuter JAKARTA, Tburs. The Indonesian Parliament (USJI6.B billion) balanced state budget but called on the government to exercise strict control of its spending to avoid "leaks". Th JL dl bud et was presented to the 460member Parliament by President Suharto early last month for the fiscal year 1900«.
      Reuter  -  73 words
    • Article
      Lock icon Toyota is tops
      59 1 UPI TOKYO, Thur. Toyota Corolla, made by Japan's top car maker, Toyota Motor Co, regainedits position as the world No. 1 subcompact in 1979, Toyota officials said. Toyota produced 637,816 units of the Corolla model last year, the company said. The figure compares with 616,081 units of
      UPI  -  59 words
    • Article
      Lock icon Iron rejects plan
      64 1 AP KUWAIT, Thur. Iran's Oil Minister Ali Akbar Moinfar has rejected the oil pricing plan endorsed in London earlier this month by a six-member committee of the Organisation of Petroleum Exporting Countries (Opec). "The London meeting laid down a pricing system which primarily serves the economies of
      AP  -  64 words
    • Article
      Lock icon Boost for oil exploration
      70 1 Reuter MANILA, Thur. A US decision to allow tax credits for American oil exploration companies is expected to help boost exploration in the Philippines, Energy Minister Geronimo Velasco said in a statement. He said he had informed President Marcos the US Internal Revenue Service had agreed
      Reuter  -  70 words
    • Article
      Lock icon Grouse over TV imports
      79 1 AFP U3NDON, Thur. Company and trade-union leaders complained to the Department of Trade last week that imports of Thai television sets were threatening the British industry. They said that imports of portable TV sets, which totalled only 11,000 last year, would amount to between 100,000 and
      AFP  -  79 words
    • Article
      Network expansion
      56 1 HONGKONG, Thur. China is increasing its fleet of Boeing 747 Jumbo jets and will operate regular flights to Australia and North and South America before 1985, director of the Civil Aviation Administration of China (CAAC) Shen Tu said. A China-US air service is under consideration and negotiations will
      56 words
    • Article
      Lock icon Dow Jones
      58 1 AP NEW YORK, Thur. Stock prices were mixed this morning. The Dow Jones average of 30 industrial stocks gained 2.05 to 857.17 in the first half hour after dropping 9.13 points on Wednesday. But in the broad tally of all stocks traded, losing issues outnumbered gainers 5 to
      AP  -  58 words
  • Article
    Chief Price Changes
    140 1 Rises Indices Petaling 1390 190 Feb 27 Feb 28 Malayan Tin 3100 100 B.T.lndex: 4108.63 4181.58 477.72 490.43 869.61 875.21 Straita Trading Tronoh Mines Dunlop lad 1040 1300 S3S 75 70 85 Industrials. Finance: Hotels: Berjnntai 900 80 417.02 419.20 Ma (Hum Corps Spore Laid 675 388
    140 words
  • Article, Illustration
    KUALA LUMPUR
    184 1 Rises Indices S Trading 1070 +90 B.T.Index: Feb 27 Feb 28 Sg. Besi 1450 +70 6506.27 6571.27 A Hi lam 1590 +60 Industrials: 532.95 547.27 Dunlop Ind 540 +56 Finance: 772.73 778.76 0 Keramat 1300 +50 Hotels: 325.78 326.29 Tronoh 1350 +50 Properties: 384.39 394.06 Malayan Tin 3200
    184 words
  • Article
    Building industry turns cautious
    662 1  -  SHORTAGE OF MATERIALS By TEO TECK WENG A SEVERE shortage of essentia] building materials coupled with uncertainty of prices have induced a cautious mood in the construction industry. The immediate effect of the shortages has been a decline in the number of contractors in recent weeks
    662 words
  • Article
    UOB financing the takeover bid for UIC
    277 1 United Overseas Bank (UOB) has been named as financier to United Industrial Overseas Holding's (UIOH) current bid for United Industrial Corporation (UIC). In a new takeover notice issued through its advisers, the Development Bank of Singapore (DBS), UIOH disclosed it has arranged loan
    277 words
  • Article
    FELS booms with $300m orders
    448 1  -  By CATHERINE ONG WITH |380 mittkm worth qf contracts in hand and' another $100 million worth under negotiation, 'rig builder Far East-Leving-ston is planning to recruit more than 200 workers from India to supplement its local work force. The company, which Jp anticipating a good
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  • Article
    Architects advised not to 'advertise' themselves
    317 1 LOCAL practising architects have recently been advised against "advertising" themselves or their projects through the media. The Board of Architects, the body that governs the conduct at the profession here, has indicated that any such act will not be in keeping with acceptable professional
    317 words
  • Article
    Tin prices in Penang soar in bout of heavy buying
    218 1 HEAVY baying la tto Pe- ■M| til market yecterperiled the BMtal I» reeard klgk «f per pfcal, ap 9* the pmimh dij. IV kv price Is $4« »k«ve the **nnt Th Ifrfirwt mil Dealers Mid market stnag liiiM haytag m
    218 words
  • Article
    Buying lifts market index to new high
    331 1  -  By KOH TSE YING STRONG buying support on the Singapore stock market yesterday boosted major market indicators to record highs. The Straits Times Industrial index gained 12.71 points, its best performance in a single day since January 1975. The index, which measures the
    331 words
  • Article
    Selprop gains $7.6m
    115 1 SELANGOR Prapwitof the large Malaysia-baaed properly group, has reaped «profit or M|7.< million on the sale of a piece of land in Ulu Klang. The company said yesterday that the 34.9-hectare piece of land was sold for 18.63 million, about 8.8 tiroes the book value of 1979,036.
    115 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      3 1 TheMMOUAEP3IO PPCdoesttal. f
      3 words
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      Page 1 Advertisements Column 2
      283 1 W; have a history money grow Lombard North Central is part of one of the world's largest banking groups and we have a history which' covers more than 100 years. We offer a range of deposit schemes which will produce maximum interest whilst giving flexibility of choice and safety for
      283 words
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      Page 1 Advertisements Column 3
      16 1 HMMDB SHIPPING TIMES BUNDESBANK ezpeettl It ASOUfT t, TV AND B IE TO WINE AND WNE
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      Page 1 Advertisements Column 4
      124 1 «v r»A i kic a rsj 11 x i' ij i >, Don* leave home without The CITRO&N distinctively French, grandeur, ultimate luxury The Citroen Prestige is the ultimate In the CX series. It has a longer wheel base. 25cm, wider rear doors and extra 2" of head room. Yes,
      124 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      451 2 COURSES AND TALJUS March 10-11: Finance for NonFinancial Managers, Hyatt Hotel, Price Water house March 17-18: Corporate Planning, Hyatt Hotel, Price Waterhouse March 17-18: Computer Security, Shangri-La, SGV-Goh Tan March 19-21: Software Engineering, Shangri-La, SGVGoh Tan April 15-18: EDP for Executives, Hilton, SGV-Goh Tan March 20-21: Performance Measurement
      451 words
    • Article
      MATTHEW HALL SEEKS OPPORTUNITIES
      504 2  -  By RUTH CHENG MATTHEW Hall, one of the world's leading engineering contractors, to looking Into opportunities lor nrpansion in Singapore in the Odd of mechanical and building services. The group hopes to par ticipate in the Raffles City and other major building projects. Mr Alan Brown,
      504 words
    • Article, Illustration
      Stand impresses visitors
      193 2 THE Australian national stand at Offshore South East Asia exhibition and conference at the. Hyatt received ten special visitors from Malaysia on the morning of Feb 27. The visitors were top management and executives of companies dealing in oilfield supplies and equipment. The visit was arranged by
      193 words
    • Article, Illustration
      HK and Jakarta next on list
      171 2 MERIDIAN Advertising (S) Pte Ltd, which will be celebrating its first anniversary as a sister company of Ogilvy and Mather International (OMI) on Saturday, plans to set up offices in Hongkong and Jakarta. The Hongkong agency will be set up in the middle of
      171 words
    • Article
      Forum on mouldmaking
      73 2 THE SINGAPORE Polytechnic will be holding a forum on: "TVahring of plastics mouldmaking mud design technician*" on Saturday, March 1 1980 at the mala lecture theatre of the PolyThe forum is being organised by the dMsfon of chemical process technology. The guest spanker Is Mr Edward PAUya,
      73 words
    • Article
      New marking system soon
      153 2 McCORQUODALE Colour Display, a local company which processes colour cards for the paint and cosmetic industry, is adding on another product line. It will manufacture Weber marking systems used far labelling packing cases. The company, a Joint venture between McCorquodale of the UK and Bonnier of
      153 words
    • Article
      Good prospect for export of software
      218 2 SOFTWARE package developed locally by Dataprep for tyre company Goodyear Singapore may be adopted by Goodyear offices throughout the world. Called the Uni tread programme, it will be used in uoodyear's newly purchased Data General computer for the tracking of airplane tyres. Unitread is
      218 words
    • Article
      New way to retain soil nutrients
      283 2 A NEW biological system of aerobic composting of liquid wastes from palm oil production makes it possible to return nutrients (especially potassium) back to the soil. This new concept will be of particular interest to those in the palm oil production industry and wffl
      283 words
    • Article
      Parker's direct marketing strategy
      381 2 THE Parker Pen Company, well-known (Or its range at (ine writing instruments, aims (or a greater thrust into the local market with the setting up of a subsidiary company in Singapore. The new company, called Parker Pen Singapore, will assume marketing and distribution responsibilities for Parker
      381 words
    • Article
      CREATIVITY COURSES
      135 2 DIPLOMA courses in advertising arts and interior design will be offered by the Vocational and Industrial Training Board from March. Dr Ahmad Mattar, VTTB chairman, made this announcement during a tour of two advertising firms on Wednesday. The Board has decided to launch such courses following recommendations from
      135 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      705 2 ARRIVALS 8enriee Local Operator Nsaber Tbne From MAS MHS& 0610 PEN MAS MH607 0845 KUL RBA Bid 0830 BWN MAS MH671 0M5 PEN/KUL SIA SQ2U 1000 HLP CPA cxno 1005 HLP GIA GA980 1030 HLP MAS MH606 IOC KUL SIA SQI03 1045 KUL GIA GA944 1055 PKU
      705 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      69 2 The SCIENCE of FRANCE. <4 (Jt. I s Td K r-\ fc. i V\ J w*k ft i wainuiv'v .U»Vi I From office equipment to developments in solar energy. From toys to aircraft. Computers, chemicals, transport, u electronics exhibitions and trade fairs. Go to France, one of the world's largest
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  • REGIONAL
    • Article
      Lock icon Japan's industrial production index rises 1.3 pc
      235 3 Reuter JAPAN'S Industrial production index rose 1.3 per cent in January to a preliminary 139.9 (base 1975) seasonally adjusted from an upwards revised 138.1 in December, when it fell 0.2 per cent from November, the International Trade and Industry Ministry said. The year-on-year
      Reuter  -  235 words
    • Article
      Lock icon SHARP IMPORT GAIN IN JANUARY
      129 3 Reuter IMPORT contracts concluded by 13 major Japanese trading houses in January ten l.* per cent to T32 trillion yen from 1.34 trillion yen in December, but rose 101.6 per cent from 657.24 billion a year earlier, the Japan Foreign Trade Council said. Export contracts
      Reuter  -  129 words
    • Article, Illustration
      Lock icon POINTS OF AGREEMENT
      356 3 Reuter SINGAPORE and the Philippines agreed yesterday that the Indochina conflict remained the biggest threat to regional stability. But they also agreed the Association of South-east Asian Nations (Asean) should not become a military or political alliance, Philippines President Ferdinand Marcos said. He was speaking after his
      Reuter  -  356 words
    • Article
      Major items boost export earnings
      572 3 EARNINGS for the first nine months of last year from Malaysia's five major export items of robber, palm oil and products, petroleum, tin and timber (excluding plywood and veneer), increased by 48.3 per cent against the corresponding period of the previous year. The five items
      572 words
    • Article
      Lock icon Mitsubishi Bank predicts deficit
      176 3 Reuter MITSUBISHI Bank said it believes Japan will have a current account deficit of US$l7 billion to $19 billion in fiscal 1960 compared with an estimated $15 billion deficit in fiscal 1979. Japan had a current account deficit of $8 billion during the first nine months
      Reuter  -  176 words
    • THE REGION IN BRIEF
      • Article
        Lock icon COCA-COLA IN CHINA
        445 3 Agencies FORMAL production at Coca-Cola Co's first bottling plant in China will begin before end-1980, company chairman Paul Austin said. The plant will be owned and operated by the China National Cereals, Oils Foodstuffs Import and Export Corp (Cerof) with which the company signed agreement in 1978
        Agencies  -  445 words
    • Article
      Lock icon Meeting to prepare for air talks with Britain
      196 3 AFP CIVIL aviation officials of the Association of South-east Asian Nations (Asean) yesterday began a meeting in Kuala Lumpur to prepare for their talks with British officials in London next month. The officials, meeting at Genting Highland, will discuss what Asean requires
      AFP  -  196 words
    • Article
      Lock icon Aftex plans mission to Japan
      73 3 AFP THE second meeting of the Asean Federation of Textile Industries (Aftex) and the Spinners Working Group (SWG) ended in Jakarta on Wednesday after taking a number of decisions on promotion, international trading and cooperation activities. The meeting, which was opened on Monday and attended
      AFP  -  73 words
    • Article
      Traders urged to be competitive
      571 3 THE development of Asean and other developing countries would be greatly accelerated If their communities can refrain from pressing for special protection under tariff and preferential trade barriers. "They should become increasingly guided by principles of comparative advantage and be prepared for greater international economic
      571 words
    • Article
      Lock icon Car makers not keen on US ventures
      286 3 AFP THE Japanese government has failed to persuade Japan's two biggest car makers to build their cars in the United States. Sources said Foreign Minister Saburo Otdta has had sepsrate taiire with representatives of Toyota and Nissan in a bid to avert a
      AFP  -  286 words
    • Article
      Lock icon OFFICE OF LEGAL COUNSEL SETUP
      92 3 AP AN OFFICE of legal counsel has been set up by the China Council for the Promotion of International Trade in Beijing, the official Xinhua news agency said. The new office deals with the following matters: •to act as an agent in litigation and arbitration
      AP  -  92 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      27 3 Puts you in the right spirit < m v m W^r. 4-:.% 5 r,- ,«SX fc33fcs TIM W J* LAYS Old Scotch Wliiskv since 1815 w HANK fM.ONNOW
      27 words
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      Page 3 Advertisements Column 2
      406 3 SEE THE FAMOUS TEXAS HIU COUNTRY. And magnificent Highland Lakes chain. See the rolling rangeland that rises into the area known as the Texas Hill Country, surrounding the state capitol city of Austin. At the World of Resorts you'll see a modem community, planned and developed with the kind of
      406 words
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  • RAW MATERIALS
    • Article
      Palm oil move
      42 4 fer m*m <0 ptif tl—. Be*li IMW kwteM will be ■ffupani tkto yew wtm gwwuwt fuMb Mi dEe raMUM JM* h®etow§, the Mtowtec year wttk ali (rem fee Werii Baik. The HertjjdiM will he me 4 hy the |tvenmi
      42 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) CMm yam: China Blue Phoenix 20k 2.320; 32s 2,770, 40b 3,030 (per bale of 400 lbs). Pleee feeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      WHEAT
      181 4 CHICAGO Board of Trade wheat futures closed five to 3' < cents a bushel lower on Wednesday. The major professional house that supported the bean market was a heavy seller in July wheat all day, traders said. A prominent local and a leading exporter bought both old and new
      181 words
    • Article
      Duty rates
      87 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Feb 28 until further notice. Rabfeer: 373'» cents a kg; Cfn: $1,070.62 a tonne; Paiflu kernel: $955.75 a tonne; While pepper: 14,670.71 a tonne; Blaek pepper: (3.273.86 a tonne; The rates of duty payable are:
      87 words
    • Article
      Closing prices
      31 4 Rubber: Feb 28 Singapore: March: 339.00 cents (up 4 cents) Malaysia: March: 345.00 cents (up 5 cents) Tin: Ms2^7o (up Ms9s)) Official offering: 231 V& tonnes (up 70 tonnes)
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    • Article
      RUBBER
      316 4 THE SINGAPORE nukct yesterday closed slightly higher with March One RSS buyers a noted st 338.00 cents per kOo, up four cents from Wednesday's close, dealers said. Morning prices were marked up shout six cents on higher London advices and buying interest, they said. Profit-taking emerged In the afternoon
      316 words
    • Article
      RAS PRICES
      309 4 R.A.8. prices In cenU per kilo yesterday: Noon (per kUo) Buyers Sellsrs Int. 1 R.S.S. prompt f.o.b. 3X.OO 3)0.004 Int. 1 R.S.S. March 338.00 SM.00 Int. 1 R.S.S. April 354.00 356.00 Int. 2 R.S.S. 314.00 31S.00N UK Cont 313.00 3M.00N Int. 3 R.S.S. 311.00 3U0IM UK Coot 310.00
      309 words
    • Article
      SSR and SMR
      98 4 NOON SSR and SMR print j leeieiilaj RA8 Marc April iSsri -Ki (Forward Mtk) SSR 20 (1-ton pallet 286.00 297.00N 301 00N 2S8.00N SSR 50 (1-ton pallet 1 292.00 2SM00N gm MRXLB Mink April SMR CV (1-ton pellet WOO 368.00N 370.00 J72.00N SMR L (1-ton pallet 381.00
      98 words
    • Article
      Straits Tin
      147 4 HEAVY haying hi the IV aaag tla market yesterday paahed the metal np a farther MfM mt steal ta a reeevd tis market The new price Is new RNatove the farteritlsn alTia Agreemeit ceiling. Dealers mM market sticngth was aided hy UTTOBT UNN MvIOQI M tkSuOnTciaSl mwttam ta
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    • Article
      RICE
      330 4 «NGAPOBK: Yesterday', closing prtoss in S> per kflo, ex-godown: THAI WHITE: 1» psr cent Or* class (Kangaroo) new crop 0.18, ISO per cent second clsss OJX, Ml psr cent third dsss 08, B per eent new crop no stock, B-18 per cent O.TD. THAI BROKEN: A«r 0.88, Special 857.
      330 words
    • Article
      PALM OIL
      123 4 VALUES continued lower in f yesterdav m selling and lack of overseas interest, dealerssaid^^ Further buying tram Pakistan for 5,000 tonnes of neutralised palm oO at US$665 per torn», April shipment, cost and freight Karachi, failed to check the decline, they March position was traded Mi 1,115 in
      123 words
    • Article
      SOYBEAN
      156 4 CHICAGO Board of Trade soybean futures closed on or near the highs on Wednesday, up SV« to 6V4 cents a bushel. Heavy buying in the May contract by a professional bouse was the major feature. Commercials provided steady underlying pricing support, when the firmer cash bean basis levels were
      156 words
    • Article
      LONDON MARKETS
      809 4 SUGAB: Number two raw ■agar futures attracted some late morning shortcovering yesterday after having staged a mkl sssslii £20 limit decline in August and October based on Wednesday'» midday limit levels. The market ended the morning with pared losses of £18 to £16.70 per tonne with limitless near
      809 words
    • Article
      Produce exchange
      152 4 CHINESE Produce Exchange, «ypt, INI cMig prim per picul jw> teriay: Cie—at «II: Bulk $104 sellers, old drum $110 sellers, new drum (114 sellers. Cspr»: Mixed (loose) UK/ Coot 162.00 buyers. Pepper: Mqmtok ASTA white fob 100% NLW $335.00 sellers, Sarawak white fob 96% NLW $00.00 sellers. Sarawak
      152 words
  • ASIAN STOCK
    • Article
      Coal issues up
      607 4 TOKYO THE MARKET started out firm yesterday, led mainly by shipping, trading-house and coal Issues. In the afternoon session, the market weakened on profit-taking. Coal and speculative issues advanced sharply in the afternoon. Large-capitalisation issues were weak. 00 issues, which advanced sharply on Wednesday, took sharp losses.
      607 words
    • Article
      Sydney
      292 4 STOCK prices closed higher yesterday as investors overcame interest rate cmtiet u and overseas buyers showed renewed interest in resource stocks, dealers said. News that Esso Exploration was negotiating a Joint venture agreement with the Runtfie oil shale partners made tittle Impact as the prospect of large financial outlays
      292 words
    • Article
      Hongkong
      348 4 THE MARKET made its biggot dude-day y yesterday dace 1973 fallowing favourable reaction to the 1980 budget Prices were marked sharply higher following London advices bat overbanging sell ordsrs (ram Wednesday cawed a pause in the advance around ILM am. Once the seOlng was exhausted. heavy coal haying as
      348 words
    • Article
      Bangkok
      220 4 FIRST Trust gained a pother 5 per cent for the third consecutive day in light trading, dealers said. First Trust rose four baht to 88J0 and Capital Trust 2.5 to 050, while Mah Boonkrong Drying and Silo fell two to 214 and Rama Tower dropped one to 830. VEB
      220 words
    • Article
      Manila
      113 4 MINING and commercials closed mixed yesterday, but industrial and oils were easier, dealers said. Turnover declined to 11.6 million pews from Wednesday's 16.7 million. rtB a pmo, Acoj* Minute M uncli AUu Con A AUm Con. B. 4U0 .j STf 0 0 *25 Buif"•* Odb. B BUS -1J ■r&oodneh
      113 words
    • Article
      Selected indices
      52 4 FtINANCIAL TIMES INDUSTRIALS Wednesday ««0 4 Tueeday_„ 40X4 Week «y DOW JONES AVERAGE INDUSTRIALS Wednesday MRU Tuesday ft I Week Ago mji HXHANG SENG Thursday 91&74 Wednesday tVElft Week Ago ME44 SYDNEY INDUSTRIALS Ttiursdsj -MUl Wednesday MO. 16 Weak Ago flOA.lt ALL ORDINARIES Thursday _ELH Wednesday MAM Waalr
      52 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      250 4 Chubb and Singapore 161 years of phenomenal growth > 2# v- V:." 1 rgßa V iWISaBH <w tv i x ;j< "-t &jr*h. V■, i> f* .v ;>"■• ..> "SEW** JS* tiiiiii ♦<** a* ■r a 9 r* 7 £L# LJF3 A 14 (C. The pursuit of advanced technology brings
      250 words
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  • OVERSEAS
    • Article
      Lock icon Iran cancels its exploration joint ventures
      280 5 Reuter IRAN'S ruling Revolutionary Council has approved the dissolution of all Joint venture* which are involved in exploration and oil production on the Gulf Continental Shelf. Oil Minister All Akbar Moinfar said Iran plans to do the exploration work itself. He announced in January
      Reuter  -  280 words
    • Article
      Lock icon Patents and trade marks
      89 5 Reuter DEILEGATES from 89 countries meeting in Geneva yesterday were trying to resolve a conflict over procedures for revising international rules on patents and trade marks. Sources said the four-week meeting will probably end today without even beginning serious talks on updating an 1883 Paris Convention
      Reuter  -  89 words
    • WORLD IN BRIEF
      • Article
        Lock icon BASELESS RUMOURS
        410 5 Agencies. SAUDI Arabia said that rumours of political unrest in the kingdom were baseless and aimed at gold profiteering. Information Minister Mohammed Abdo Yaani was quoted by the official Saudi press agency as saying: "All these rumours are baseless and a complete fabrication." He said the rumours had
        Agencies.  -  410 words
    • Article
      Lock icon Fall in fourth quarter business efficiency
      116 5 Reuter FOURTH qtarter predeettvity in the private Maees teeter MM at a stasenally adjusted aaneal rate «I M per neat instead rf the 14 per eeat iillmmlil carter, «to US The ultoilil deeflne far private Mmh la IVH waa aaehaaged at M The department
      Reuter  -  116 words
    • Article
      Lock icon Meeting on oil futures market
      77 5 Reuter A MEETING tor Ike later■art—I ail trade to leak at pto— tor a Leaiaa petraiew111 be teH Aattoay Rector, exeeaflve tireetor «I Ike I win Ceanaeilty Exehaage (LCE), Mid eeatraet ton» wfll to iitMiii at Ike LCE werfclag party aal aS sector* tke ail
      Reuter  -  77 words
    • Article
      Lock icon US wants to ease the barriers to overseas trade
      597 5 Agencies. PRESIDENT Carter, citing a US$4O billion Jump in export*, has called such growth "vitally Important" to ckwe the balance of trade gap and aid the Administration is studying —'«g barriers to overseas trade. Foreign sales increased nearly U0 billion last
      Agencies.  -  597 words
    • Article
      Lock icon Inflating trade deficit
      351 5 AP A NEW US gownuiKßt procedure Cor reporting the nation's trade deficit will inflate the figure by about US$l billion each month, possibly hurting the value of the dollar on owinai market*. trade experts aid. A little-noticed provision of the Trade Agreements Act passed by Congress last
      AP  -  351 words
    • Article
      Lock icon The guarantees Russia wants from America
      304 5 UPI Reuter IN A two-hour meeting with American businessman Armand Hammer, Soviet President Leonid Brezhnev spelled out for the first time the type of guarantees he is seeking from the US regarding non-interference in Afghan affairs and expressed interest in a suggestion for US-Soviet
      UPI; Reuter  -  304 words
    • Article
      Lock icon No guidelines laid down by nuclear study
      217 5 Reuter A TWO-YEAR study called by the United States to help reduce the risk of nuclear proliferation ended in Vienna on Wednesday without establishing guidelines for the future of atomic power. The final communique of the International Nuclear Fuel Cycle Evaluation (INFCE) said
      Reuter  -  217 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      52 5 m m WOMW: Nff&S^lre it V/ v -fl yft.- I v;.o* i'VL."* 'Iv.i '*1 >. $P <" J. :*s■+ ?ll jQAff *j^S ft> mmmm Jn- afesi *<* V .~V .€l s'" TWM 40 Lok Ymg Way, Ju Tel:^etago9.T«(«x: ff£,*k -Id ••TvJjc-rt;'-«-lilJll M f ft -iv ■o TMHttf iSSSIPi! 'lIKWSM' &fS*
      52 words
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  • Article
    The writing on the brick wall
    394 6 WITH plenty of large projects under construction ana in the pipeline, the developing shortage of raw materials must be extremely worrying (or the local building sector. The last slump in activity contractors suffered will still be fresh enough in their memory and adequately explains
    394 words
  • Article
    Building mountains out of molehills
    280 6 THE BOARD of Architects is very rightly becoming the laughing-stock of the profession. Architects, recovering from the initial shock of the Board's unexpected and uncalled-for statement, are pouring due scorn on the ill-conceived attempt to restrict contact between themselves and the press. Self-regulation by members
    280 words
  • Article, Illustration
    Lock icon Sugard-coated optimism
    762 6  -  In spite of the forecast .of satisfactory prices and stable supplies, the world sugar industry looks to the 1980s with guarded optimism, what with price increases in the last months of 1979 and the beginning of this year. PAUL ICAMINA reports. PAUL ICAMINA Depthnews. GOOD PRICES and stable
    Depthnews.  -  762 words
  • Article
    Lock icon Keep tabs on your competitors
    864 6  -  By CHRISTOPHER LORENZ FT OVERCONFIDENCE confusion fear (of the law, or of ahanrtnwtng one's own principles) are some of the reasons why many companies fail to ask, let alone answer, obviously important questions about their competitors' strengths, weaknesses and future strategies. So says Mr William
    FT  -  864 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      107 6 K w Homemakers/Furnima '80 wW bring you an even greater wealth of homemaUng ideal Exhibits win include quality furniture and furnishing*, a variety of household appliances as wen as sophisticated bathroom, kitchen and Mng room products and designs Visit Homemakers/Furnima'Bo. One of the biggest events ever organised (or you and
      107 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      26 6 Bri£toV. r Ii :j£zn£ Tms owe. OF rnc. By T^e FuOttPH- CLOCK... ONt Of <nt *ND "WC UGWTHOOSC "Vi*s oMe op rne ON TVA€- WMJOOUC U*MX
      26 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      440 6 pH*. SINGAPORE 5 3.00 PM Opening and Housewives Mab(Malay) (r) ChWed Spring (Mandarin <"*»> F9m) 4.40 Intermission 6.05 Opening fdtowed by An 6.30 News in Brief 6.35 Sperts Parade 7.00 Cidtwai Diary (Ei*bh) 7.55 Celebrity Charade 120 The Fitness Factor 135 he (Part 36) (last episode) 9JO News (Enfbh) 9.55
      440 words
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  • Article, Illustration
    Courageous look at future of tourism
    1231 7  -  WORLD TOURISM CONFERENCE Delegate* from five continents will converge at the World Tourism Conference (WTC) to present cherished new ideas and approaches towards tourism. The over-riding aim is to enable world tourism to develop harmoniously despite world unrest and play a priority role in
    1,231 words
  • Article
    Lock icon Advantages thrown to the winds
    832 7  -  FOBUMi with WILLIAM SAFIRE NYT SIX WEEKS ago, Ronald Reagan was riding high and George Bush was not placed; then, after lowa, Reagan was finished and Bush was unstoppable: now, after New Hampshire, Reagan's on top and Bush a calculated asterisk. The Republicans are doing
    NYT  -  832 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      15 7 ■H n t 1 wlnwi xrr 3 rn UJ, THE DMi C X 3 EE
      15 words
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      Page 7 Advertisements Column 2
      183 7 40 <§* \%s V.s?*^ \v. 'v'&H SiS^m^M Work behind the news Behind the names And the news in Business Times is a highlyprofessional, closely-knit team of sub-editors. We are new planning to augment this team to eope with the steady growth of the newspaper. The snh-editors we have now were
      183 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        188 8 FEB 27 FU ABM m MI 0J Ahold 70 JO 0J Akso 2500 0J AMEV 91 70 17 Amtu 10# JO 0J Aroro Bank MOO -0J 4400 98.50 unch BoU 58.50 i Boraumij 178 00 Bur h man n 8010 Byenkorf 58JO 0J CaJw Delft ***** 4-1 DeM Ml)
        188 words
      • Article
        Paris
        234 8 FEB 27 Fn CORBEILLE Air-Liquid* B S N Gervau Danone C S F (Thomson C»f) CI* Francaiae des Petrole* Compagnle Flmmlere Compafnle Generate Credit Foncler D* France H ache tie (Ltbrairle) Machine* Bull Mlchettn (B) Panbas Pechiney Clfine Kuhlmann Peufeol Philips (Nv Gem Belli). Prlntempe 8 A Rhone-Poulence SA
        234 words
      • Article
        Brussels
        86 8 FEB 27 I FORWARD MARKET Aw 312 -5 Arbcd 2150 unch Astur 506 -6 Bructn Bru-Uinb 664 1610 1214 2 -20 30 Cock 396 -0 De Beers 360 3 Ebct 1M0 -60 Electrobel 5620 10 Gb-Inno-Bm Or* 2325 000 -75 unch Hfthftk 3075 15 5070 70 2545 1360 26
        86 words
      • Article
        Frankfurt
        198 8 FEB 27 Dm Aef-TeiefunJcen 37.80 -08 Akao 23.10 *1 Alii Uten 935 00 unci) Alls Vers •15 BASF 147 JO 1.9 Bay H T Wb&nk ***** -3 Bay Vbank 276.50 -33 Bayer 125.60 4.1 BBC 312.50 IS Cum Ha Chen \trm Commersfcank ConU Oummi Daimler-Beru 325 00 3MA0B UtM
        198 words
      • Article
        Milan
        96 8 FEB n Ure Anlr >75 -MS Kmtx Oen Baslofi ZZ Ml -•10 -M Flal Ftnuder ZZ 1MB M-S -5 -175 Oen Immob M in Prt 2560 -46 IlaicemenU ***** -960 I talfa* 115 I lUlstder Micneu u PI mi ma -4 uoch Mareill ere Medio*) 175 ***** ■4 -M0
        96 words
      • Article
        Zurich
        7 8 ZURICH'S prices m V«Mty were uaveUiMe.
        7 words
      • Article
        Inquiries into UK takeover rules
        134 8 THE BRITISH government may consider changing the law on the acquisition of shares in companies following the purchase of a S per cent stake in Consolidated Gold Field by De Beers Consolidated Mines disclosed earlier this month. Trade Minister Cecil Parkinson told Parliament. Urgent inquiries
        134 words
      • Article
        Oil issues hit by profit-taking
        1329 8 NEW YORK THE STOCK market on Wednesday pulled h"* over a wide front ln>heevy trading as the oil group, which bad provided major support recently, succumbed to profit-taking Analysts said the oils, which had been rttmhing on reports and speculation about recent oil and gas
        1,329 words
      • Article
        TORONTO
        213 8 FEB 27 Abtubi c$ 234 -4 Hud Bay Mln Imp OU Inco 3S M'I IS fc Alcan 24 Inl pro* P4pt I7S Alfom* 40 4-1 M lit. .lb Bvik Mont Bank Nov* Scotia Bell Tel 25 lfS 4 -4 4 InU Nickel Kerr AM LoMaw B 20*. 4V fc
        213 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      562 8 See Page 4 for Asian stocks e See Page 9 for Jo'burg prices Where to wine, dine and entertain For drinking. For dancing. For delightful evenings. AJ//SW h\ Ihcchtts hitcrmitioHul <>! Lothian li« >, s\ I HI K! SA 1 <».: ..m. A W s <"I 111 I l"\ I
      562 words
    • Advertisement
      Page 8 Advertisements Column 2
      119 8 Salay,Sunday, Monday...every day People reckon we have the best Satay this side of the club Another specialty is the selection of typically Cantonese favourites And of course, our very own Flavours of Singapore The comfort and serenity of Hm's And Hilton style Hin's Top of the Hilton. Lunch and dinner.
      119 words
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      Page 8 Advertisements Column 3
      13 8 > (W a *5 S$ 1 it AyT»iMr* *3&W MB >I*4 I s*f** mm
      13 words
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  • BANKING AND FINANCE
    • Article
      Lock icon WON SLIPS ON SECOND DAY OF FLOAT
      160 9 Reuter THE BANK of Korea fixed the won at 380.90 to the US dollar yesterday, the second day of the new floating system. The rate was down 0.40 on Wednesday's 580.50. Banking sources said the bank was using a composite system in pa
      Reuter  -  160 words
    • Article
      Lock icon Nat West's PLR may drop to about 13pc
      560 9 Reuter NATIONAL Westminster Bank sees the possibility of its base lending rate falling to about 13 per cent from the current 17 per cent by the end of 1980, though nearterm market pressures remain upwards, the bank's economic advisor David Lomax said.
      Reuter  -  560 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        470 9 UNCERTAINTY in the foreign exchange market yesterday was reflected in a relatively quiet market, with little movement in the US dollar against the major currencies. Dealers said participants are waiting for the results of the Bundesbank press conference, where an increase in discount rate is expected, as well
        470 words
      • Article
        Tokyo
        176 9 THE U.S. dollar for overnight delivery yesterday closed weaker at 248.05 yen, compared with a 248.30 opening and 248.75 at Wednesday's close, dealers said. Trading was moderate with volume of US$7O2 million. Some dealers said the Bank of Japan sold an estimated $50 million in early trading, when the
        176 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.5 per cent.
        22 words
      • Article
        ASIAN $ RATES
        168 9 ASIAN RATES ASIAN currency deposit interbank rates as at *close on Feb 28: 7 days 14H 14* 1 month 14 13/1614 11/16 2 months 16*. 16 Vk 3 months 1613/*****1/16 6 months 16 19/16 1613/16 9 months MS 16'« 12 months 165/16 163/16 teM DM. /lfyJU fill,, t 1 month
        168 words
      • Article
        Discount
        47 9 RANGE of price* offered by discount house* on Feb X: Overnight: 34 J .Sf Call deposit*: to V» r A g**«.... Bsytaf SelUac 3-month Treasury btlU fl J 3 month Bank bills 10'. 10'« 3 months CD 1013/*****1/16 0 months CD 1011/*****/18 Source: National Discount Co
        47 words
      • Article
        GOLD
        270 9 GOLD futures in Singapore yesterday closed generally firmer in light trading, but below the day's high on some late profit-taking, dealers said. Turnover for the day was recorded at 137 lots while kerbs was 40 lots with inter* est centred on April and June contracts, they said. April closed
        270 words
      • Article
        London
        243 9 THE U.S. dollar traded quietly steady in early dealings yesterday with a mood of general caution pervading the market, dealers said. The restraint was attributed in part to upcoming January trade figures for both the US and West Germany, and yesterday's meeting of the Bundesbank central council. Operators feel
        243 words
      • Article
        Australia/NZ
        61 9 AUSTRALIA/NZ exchanges quotes yesterday: US dollar 1.1013/1.0865 Sterling 0.4839/0.4783 Ninety day air mail buying rates Sterling 0.5099 US dollars L 1544 Ninety day forward buying rates Sterling 0.4929 US dollars 1.1164 New Zealand Reserve bank midrate US dollars 0.9735 Trading bank indications Sterling 0.4275 0.4245 US dollars 0.9785 0.9685
        61 words
      • Article
        JOHANNESBURG STOCKS
        306 9 KEB 27 Tit Oats 1420 4f nana Tongaat 010 -10 Trust Bk no ♦2 Un Steel 112 A Alpha ITS -0 5 -0 25 35 unch Unisec Wooiarorth Anolos 200 300 MININGS tsaa ♦0 Abercom AC AAd CI AMIC Barlows C rl?*" m n» mo (K U30 -10
        306 words
      • Article
        Hongkong
        118 9 THE U.S. dollar was quoted narrowly mixed yesterday in quiet late exchanges here, with operators hesitant ahead of US trade figures and a West German discount rate announcement, dealers said. It eased to 248.10/20 yen from an early 248.40/50 and 248.15/25 in New York on Wednesday and to 2.880/70
        118 words
      • Article
        Frankfurt
        30 9 FRANKFURT opening quote* yesterday: US 1.7572/» Stg 4.015/025 Cin 1.5321/37 DO 90.0/70 Str 105J5/50 Lit 2.152/162 Ftr 42.55/65 Nkr £.93 96 Bfr com C.IS/K Bfr fin 5.978/988 Yen 0.7080/9
        30 words
    • Article
      Lock icon Offshore fund aims at high yield, liquidity
      91 9 Reuter MTLSss ■•nay market seoaitUes, raagtag sirnWy fvam Is «days. lateraatiaaal Dollar Reserves, Is haasd In the Oay- It Is dsrifnsd akm whsse 2 ""SB uSsa TmiT 9 to Shares In the fand are value ef $1, «Kb all hweoM liamtol by the
      Reuter  -  91 words
    • Article
      Lock icon Loans for KL electricity project
      72 9 Reuter ■AMpW sswjM ln Ttkyo sjmi eatod Isaa far the National Beetrtetty Board s< Malaysia, with paysMwt aezt Biikm closed to the World Baak sfßee la Takye saU this wil he es-fkMaeed wtth a World Baak Isaa to Malaysia tar Us $Mf bIUm hldtastaelitai power
      Reuter  -  72 words
    • Article
      Lock icon Bankers expect Bundesbank to increase rates
      749 9 Reuter WEST Germaa baaldag economists said they woaid not be surprised If the Bnadesbank raises diacouat aad Lombard rates at its central council meeting, which wan scheduled for yesterday. But the economists aid such a move would have little immediate impact as It would
      Reuter  -  749 words
    • Article
      Lock icon No comment on new yen deposit rate
      207 9 Reuter THE- TOKYO Finance Ministry has declined comment on a report in the financial daily Nihoa Keizai that it may lift Restrictions on interest rates paid by Japanese banks on free yen deposits, Japanese currency held by non-residents, to encourage capital inflow and
      Reuter  -  207 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      69 9 THE BANK OF TOKYO, LTD. Singapore Branch U5520,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT SERIES I DUE FEBRUARY I*Bl In accordance with the provisions of the Certificates, notice is hereby given that for the interest Period February 29.1980 to August "2ft 1980 the Certificates will carry a rate
      69 words
    • Advertisement
      Page 9 Advertisements Column 2
      44 9 ORDER FORM Mr/Mrs/Miac. To: Federal Publication* 1. New Industrial Road, Singapore 1963. I Yes, I would like copy /copies of J Tht Edward de Bono Think Shrink. I I enclose in full payment > (ell checks, money/postal orders made payable to_Federal I Publication*(S) Pte Ltd).
      44 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1647 10 WD ud odcr pricee officially 1M Md tateliild N. ported to the Stock ol Sfasfapore yeelmUy with Ike number at *mrm traded •*own la brackets ta lots ol LOOO unite, union otberwtoe f*cWed. SECTION ONI INDUSTSIAL COMMERCIAL (IJ3B 1MB) (2) •K« (3JBB)
    1,647 words
  • Article
    Unit trusts
    139 10 anoArouiMiw ST (NC8MB BOM ID UNIT *m (ChtmI aeteaa) The Commerce 2.41 The Saving* Fund 1J8 to l.Htxd Tiw— Bead L» LX S'pore Prog Fund UB 1.15 S pore Sec. Fund l.B 144 MARA BUMI Mil S'pore IwM Fund L4B U6 (HaMfai 1 priaaa fcrPfck*) S'pore Equity Fund
    139 words
  • Article
    SHARE INFORMATION SERVICE
    2774 10 -1079/1980 l.High Low Company Si Last Sale Gr*s Gr*» Net Dlv Div YTd P/E +or- C*vr SECTION ONE Vol Day COOO) High Low ft INDUSTRIAL COMMERCIAL rM 2° *W8 f .280 ,482 -820 380 207 Aetna 123* Alcom 110 Allied Choc 133 BAT 255 Bata 57*4 Ben
    2,774 words
  • Article
    In Kuala Lumpur
    1973 10 BID and offer prices n#WH«ny listed and flmm in and reported to the Kuala Lumpur Stock Exchange yesterday with the number at Aares traded shown la brackets In lots at 1,000 units, unless other- II Iff |1 wise spectneo. J DKDURUU Assm (UK) tins* (UB A44S) AIM
    1,973 words
  • Article, Illustration
    Buying spree by traders raises prices
    480 10 IT WAS atoaaet a repeat Pmlmmom oI last mh ißaoiteto iiHlmMiil tndtog at tke Bk«apsre 4CJI, okoot fear potato akgoa Uim| ••w™ I* WWw 477.72 palate. far higher paraoMT^Ux late at ttJp raglslwod a okarp tUt patat toereaee •*<r tke pwvtoas gay's INJi. laaptn
    480 words
  • Article
    Buyers boost prices in KL
    531 10 BUYERS returned to boost prices broadly higher in fairly active trading at the Kuala Lumpur stockmarket yesterday. Following the weak overnight close, traders were hesitant in the early sposkm, but regained confidence as the day progressed. A strong burst of buying support at the closing
    531 words
  • LATEST RESULT
Page thumbnail Page 11
  • COMPANY NEWS
    • Article
      KPS expects to net $35m in profits
      486 11 KUMPULAN Perangsang Selangor Berhad (KPS). a wholly-owned company of Selangor State, is expected to record a turnover of about $300 this year, from wMch it hopes to return a consolidated profit of $35 million. Making this encouraging forecast, KPS group managing director Datuk
      486 words
    • Article
      COMPANY BRIEFS
      573 11 THE KLSE has requested Bsttsa PriptrttM to comment on a Business Times article dated Feb 23 which stated that talk about a bonus issue from Bolton was responsible for the strengthening interest in the property counter on that day. In reply, Bolton Properties has advised that there are
      573 words
    • Article
      Premium replies to KLSE query
      163 11 PREMIUM Holdings Is still awaiting the outcome of the appeal of Trengganu Development and Management Berhad (TDMB) to the Malaysian Foreign Investment Committee (FIC) over the letter's rejection of its sale/sublease of Chendarong Estate to Loy Brothers Sdn Bhd. It was replying to a query
      163 words
    • Article, Illustration
      Bumper year for Dunlop Estates
      528 11  -  By SUSAN THAM DUNLOP Estates Berhad has again surged ahead to a bumper after-tax profit of $30.5 million for the financial year ended Dec 31,1979 with a strong boost from its main forte, palm products. This rise of slightly more than a fifth, compared with
      528 words
    • Article
      DIVIDENDS ANNOUNCED
      318 11 Carreat Payaeat Ex Data Books Close Data Total for Total far Payable the year Prerioas y< MTC M Bankiaf Y B 8 (8) Y H 8 <M) Perils Plant Liacai B Kawat Prima K L Kepoaf Ula Beaut 8*1 Nate M'ela Rice 8 P Textile RoMaaoa VAC MB8
      318 words
    • Article
      RESULTS DUE
      307 11 Dote L MtPUl Yc •r Cttnpaay PerM iBMMCd Net EPS GNM PlMu lastyvsr <«■*> Dhr. PnOt M'wata Steel I 22/12 12.4 <%> 10.0TE <m> 14,803 Nat Iron F 7/2 57.8 *17.9. 37,679 Alcom F 10/2 7 J5 10.0 1,119 UOB F 27/2 19.0 all.4 35,829b DBS F 29/2
      307 words
    • Article, Illustration
      Lock icon Selprop poised to reap a solid bonanza
      527 11 HB §Oa®CL~ by HOCK LOCK SIEW THE announcement late yesterday evening by "blue chip" property company Selangor Properties on its sale of a piece of land bears special significance to the market as a whole. It gives a clear indication of what land
      by HOCK LOCK SIEW  -  527 words
    • Article
      PRIMA Ltd:
      14 11 AGM to be held at 201 Keppel Road, Singapore, on March 26.
      14 words
    • Article
      MALAYSIA Building Society Bhd:
      28 11 AGM to be held in the board room, 3rd Floor, Rangunan MBSB, 13/15 Leboh Ampang, Kuala Lumpur, at 12 noon on April 10. r
      28 words
    • Article
      MALAYAN United Industries Bhd:
      20 11 EOGM at 16th Floor, Wisma Mirama, Jalan Wisma Putra, Kuala Lumpur, at 10am on March a
      20 words
    • Article
      ULU Benut Consolidated Industries (M) Bhd:
      24 11 AGMto be held at No 21 A 23 Jalan Hussein, Ipoh, Perak at 11.45 am on March 22.
      24 words
    • Article
      SEMBAWANG Shipyard Ltd:
      20 11 AGM to be held at Shipyard, Admiralty Road East, Sembawang, Singapore, at 9.30 am on May 27.;
      20 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      38 11 A new face, anew concept A monthly magazine with the focus on achievers achievements. No aspiring young manager should miss it. Your monthly manual for career building. Buy the Preview Number and see for yourself what it offers.
      38 words
    • Advertisement
      Page 11 Advertisements Column 2
      16 11 Businessmen, your inroad to the Singapore Banking, Finance Insurance s r r :> m n vli::, T *<*»{£**-
      16 words
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  • Article
    Lock icon Guerillas issue demands for the release of hostages
    196 12 Reuter dSFT-wing guerillas holding 16 diplomats hostage Inside the Dominican Hfepublic Embassy in Bogota are demanding the freedom of 300 political prisoners and a ransom of USISO million, the daily El Tlempo newspaper reported. 4• The authorities have not commented on the
    Reuter  -  196 words
  • Article
    Forum
    39 12 IN YESTERDAY'S story headlined "Yet more road tax increases", Mr Own Heng Wing was inadvertently named the producer of the forum. Mr Ananda Pereira is in fact the producer of the said forum which was recorded on Tuesday.
    39 words
  • Article
    Chiyoda wins US$85m Mobil contract
    453 12  -  By JOHN LIM MOBIL Oil Singapore has awarded a US$B5 million contract for the construction of a vis-breaker at its Jurong refinery to Chiyoda Chemical Engineering and Construction of Japan. The outlay brings Mobil's capital investment at its Jurong refinery to about SSSOO million. The
    453 words
  • Article
    Lock icon Suharto speeds up citizenship for Chinese
    318 12 Reuter PRESIDENT Suharto has issued special decision to speed up the naturalisation and granting of Indonesian citizenship to alien Chinese in Indonesia. This is a clear indication that Indonesia is moving towards reopening diplomatic relations with China, a government spokesman said. The decisions are
    Reuter  -  318 words
  • Article
    LONDON STOCKS
    853 12 LONDON, Thur. The market dosed firm after a quiet session with results from Imperial Chemical Industries helping to consolidate earlier small gains, dealers said. At 3 pm, the FT index was up 5.6 at 466.0. Initial uncertainty after ICTs full year figures was overcome and the share price
    853 words
  • Article
    Fees to go up this year
    116 12 NEW students Joining the Singapore Polytechnic (SP) and the Ngee Ann Technical College (NA7C) will have to pay higher feee with effect from their i elective new acarirmtr year*. TV tee hike the flrrt lor SP since 1910 and (or NATC since ISTO Car
    116 words
  • Article
    KL records trade surplus of $5.58b
    335 12 MALAYSIA recorded a trade surplus of |SJB billion tai the first nine months of last year. This Is store than double the amount recorded in the U7B period and exceeds the figure for the whole of 1578 by about $2 button, according to preliminary
    335 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      67 12 Outlook tor Singapore from 6 a.m. to 1 p.m. today: Mainly fair with showers in a few places late morning. Remit for 24 boors prior to 7J p.m. m Feb 28 at toe airport. Maximum temperature 30.0 Associated humidity 80 Minimum temperature 23.2 Associated humidity 96 Hours of sunshine 5.20
      67 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Dutch shipbuilding
        73 13 Reuter ORDERS received by Dutch shipbuilders for ocean-going vessels fell to 96,700 gross registered tons in 1979 from 119,600 in 1978, the Economics Ministry said. However, orders for barges and inland shipping rose to 188,000 tons deadweight from 48,700 tons. Orders for the construction cf dredging equipment and
        Reuter  -  73 words
      • Article
        Lock icon CAF reduced
        80 13 Reuter THE Far Eastern Freight Conference said they will cut the currency adjustment factor (CAF) from Japan to 40.5 per cent from 45 per cent, effective March 2. Conferences covering trade from Europe to Sri Lanka will reduce CAFs to plus 27 per cent from plus 28.5 per
        Reuter  -  80 words
      • Article
        Lock icon Bargemen clash
        118 13 UPI A CLASH between two groups of bargemen on Wednesday halted loadings on 19 ships berthed in Calcutta port, police said. The two groups, owing allegiance to two rival unions, hurled rocks at each other as one group of workers, ignoring a strike call by the other group,
        UPI  -  118 words
    • Article
      Port charges may be increased
      752 13  -  By GOH ENG KEE THE cost of shipping nonI containerised general cargo through Singapore will in- crease by up to 30 per cent tomorrow, if the Government approves a major tariff revision proposed by the Port of Singapore Authority (PSA). But the cost of shipping
      752 words
    • Article
      INDEX TO ADVERTISERS
      569 13 SMpplaf Uh Page Cat SUpftag LJae Page Cat Adriatic IV 5 EAC Lines n 4/5 Afea VI 3 East Malaysia VI 4 Alfred vm 2 Egyptian Int vm 1 All trans VI 2 Eilat VI 5 Alpac VI 5 EHma m 4/5 Angkutan VI 4 Everett Orient
      569 words
    • Article, Illustration
      ANL fetes shippers
      105 14 bUM& Z5O Singapore importers of Australian products and exporters to Australia attended a dinner put on by senior executives of the Australian National Line on Feb 22. The occasion was to introduce the line's chief executive and general manager John Morgan, its director of overseas liner trades
      105 words
    • Article
      Sig Bergesen continues to turn in more profits
      347 14 NORWAY'S major bulk shipowning group Sig Bergesen continues to turn in profits which must be the envy of many of its counterparts in other nations. Firmly based on its forward cover chartering philosophy, Bergesen has announced an operating profit before depreciation and
      347 words
    • Article
      Container Schedules
      951 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
      951 words
    • Article
      LONDON FREIGHTS
      1384 14 DETAILED business remained in scarce supply on Wednesday taut demand for bulkers bolstered by Soviet activity behind the scenes, proved quite sufficient to support shipowners recent rate advances in both Atlantic and Far freight markets. Following the recent concession by Dreyfus of the S3 higher rate of $39.75
      1,384 words
    • Article, Illustration
      Greek entry will give clout to EEC fleet
      903 15 GREECE'S full entry Into the European Economic Community (EEC) in January 1981 will change the (ace of the community's merchant marine, making it potentially the mart powerful shipping policy instrument and pressure group in modern times. With the addition of Greek-registered tonnage
      903 words
    • Article
      Lock icon Beijer orders three oil rigs
      157 15 Reuter SWEDISH trading, industry and food conglomerate Beijerinvest AB said its subsidiary Scandinavian trading has ordeied three oil rigs worth a total of TOO million francs from Cie Francaise d'Enterprises Metalttques (CFEM) of Dunkirk. The first delivery is scheduled for first half 1981 while options
      Reuter  -  157 words
    • Article
      Oil slick expands
      119 15 AN OIL slick caused by the discharge of. crude oil from the sunken Greek tanker Irenes Serenade has expanded. A spokesman for harbour authorities said the oil was still being discharged from the damaged tanks and the slick was now 32 km long and 6.5 km wide.
      119 words
    • Article
      SHIPS IN PORT
      548 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Mas (0600 after Bunga Gelang) 19 Hoegh Orris (after Blue Matsuyama A (Sri Siam 2) 35/36 Kailok (after Crown Cherry) 1/2 Kota Bahti (after Kota Petani) 10/11 Nedlloyd Florida (0600 after Port Chalmers) 3/4 Nedlloyd Steenkerk (after Nedlloyd Florida) 3/4 Ragna
      548 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3900 19 Mmnnitß 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
      3,900 words
    • Article
      Users of S'pore port accept the proposal
      693 20 MAJOR users of Singapore port accept the rationale behind the major tariff revision proposed by the Port of Singapore Authority (PSA). A spokesman of a major international shipping line said it can sympathise with PSA's need to raise revenue to meet the rising
      693 words
    • Article
      Healthy sign in market
      1027 20 BUSINESS in and within Aseaa is healthy. Vessels are generally busy with several possible cargoes to choose from. Handy size bulkers of 20-***** dwt are curently in demand with too few ships available. 12,000 tonnes of Thai sugar has been fixed at US$53 FIO from Bangkok
      1,027 words
    • Article
      Anro to lengthen its three ro/ro vessels
      283 20 THE ANRO consortium is to lengthen the three hybrid roll-on roll-off container ships it uses on the two-year-old service between Australia and Singapore, Malaysia and Indonesia. By effectively cutting each ship in half and inserting an extension, the capacity of the three ships
      283 words
    • Article
      WHO ACTS FOR WHOM..
      1377 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). AIM C. Twffcr Sea Consortium (S)/ Marintex Enterprise (PK). Alpae Intrasea (S)/Yeo Shpg
      1,377 words
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      Page 13 Advertisements Column 1
      343 13 Scan Dutch Q Fast and Regular Service To/From N.C./SCAN/W.MED./U.K. Singapore Tel 91&O11 PortKetang Tel *****1. Kuala.Lumpur Tel ***** Penang Tel *****6 I RI) 1\ 1 4. »> V.- I \I I m Orient Overseas Ca*tiai4ieA Line. FULLY COHTMHEMSED SERWCE TO EUROPE (VIA SUEZ) S. SEAS BROS 25W ton* CORAL 17*
      343 words
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      Page 13 Advertisements Column 2
      252 13 M SEALORI) UJ Ml} ANTAH H m UASC UNITED ARAB SHIPPING C(KSAG) WEEKLY MULTI PURPOSE SERVICES loading tor Dubai (19/3), Dammam (22/3), Kuwait(2s/3). Shuhaiba (28/3), Dubai (26/3), Abu Dhabi (29/3), Kuwait (1/4), Dammam (4/4), Doha (7/4), Mina A) Fahal (10/4), Mma Qaboos (13/4) Dubai (28/4), Dammam (1/5), Kuwait (4/5), Doha
      252 words
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      Page 13 Advertisements Column 3
      89 13 ■NOL NEPTUNE ORIENT UNES LTD FAR EAST FUROPF FUILY CONTAINfRISK) SfRVICF ConUimrs Fecdircd to/from F'sJwn Mm Kcaptini cwft to/frwn Scmdbuvu It COML S'pwt CM* rnts: Fa Carp ItOO 1/3 LCI Carp 0600 1/3 N. KM. C. MS C. fMt K. MCWO* MEKCATOt 0. CHEF HK CONTMO. STRAITS AUSTRAI!A R0 R0
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      Page 13 Advertisements Column 4
      450 13 Regular Liner Services To/From All Parts of the World. Singapore Tel *****1. PortKetang Tel *****1. Kuala Lumpur Tel *****. Penang Tat. *****6 ••••••••••••••••••••A ORIENT Exchange REGIONAL Weather WHO Acts Per Wbem MAERSK LINE laosni WZXL k—TlF—llTir—t LH If, n.^irrr 3/3 10/3 17/3 24/3 29/3 5/4 /■y/3 ijJr l 23/3 30/3
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      Page 14 Advertisements Column 1
      612 14 LEO SHIPPING PTE LTD. SINGAPORE PERNAS-MISC SHIPPING AGENCIES SDN BHD PORT KELANG PENANG W© MALAYSIANHTERNATIONAL SNFWNG CORPOftATtONBBtHAD ataterSanaea Te tow der *P Kelang Vessel Spore 1) Mse.nes 2) Rd*p 3) H'bwf 4) Gburg 11/3 26/3 31/3 1/i H/3 2/4 7/4 i/i 25/3 9/4 13/4 15/4 1/4 16/4 20/4 22/4 8/4
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      Page 14 Advertisements Column 2
      143 14 PJJ supercarrier service WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA Mi ftmsl CM M fa* cm. r fd. rm I i r-:-nil3>rr*rYrv w«aßimni SINGAPORE CALIFORNIA EXPRESS CONTAINER SERVICE ONLY 22 DAYS r* 3/***** 10. 3/3 0700 m it/3 om ia 17/3 19M ret 31/3 0700 Id 30/3
      143 words
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      Page 15 Advertisements Column 1
      990 15 Overseas M B B Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Porte and Bangkok ContainenMp Sank* To/From Banfkok CTWIMOSHT SOWCE TO UK/COWOT: S port PlMn| D'mark Bror A'aap It Haw* ILK. City d Edbbajk 2Ma 22 Mar 24 Mar »Ma 27 Mar 20 Mar
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      Page 15 Advertisements Column 2
      457 15 Eggjgi SALE OF VESSELS arrested under section 72A and section 61 of the Port of Singapore Authority Act (Chapter 173) I Tenderers are invited to submit their bids for "Douglas G" ("Maria Harawathy I") 151 GRT "David G" ("Maria Harawathy II") —151 GRT A showround will be conducted on Saturday,
      457 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      647 16 Hapag-Uoyd fully comueso TO I CHr d (Ms# OjAJ Sjy T#j» Eiprrn 3/3 11/3 71/3 24/3 71/3 3/4 19/4 20/4 Inropotf Bay 20/4 exmcss comomoNM. to eimok Span An 2/3 29/2 2/3 27/3 6/4 4/4 J/4 30/3 9/3 U/3 13/3 7/4 3/4 16/4 20/4 13/4 11/4 HALT CONTMOBED TO SHM/TKESTE
      647 words
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      Page 16 Advertisements Column 2
      501 16 L INE KOREA SHIPPIH6 CORPS ALT A# 149W VEGA 147* STORE 11/13 Mor FMBHSAN ALTAR 150E 6/9 Mar 10/13 Mar TOBUSAN 7/10 Apr 11/15 %r FHBUMN VEGA 14% 7/10 Apr 11/15 Apr TO BUSAN PENANG CALL SUBJECT HDOQMENT tsc KSC KX KX KX tsc KSC tx KSC tsc KSC ac
      501 words
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      Page 16 Advertisements Column 3
      359 16 EVERGREEN LINE f f AP f AST FUROP! Mill CONTAINER SERVICE ACCtPTNG CXKQ FOR HAMBURG FEIKSTONE. ROITEROAM. WTWOIf LE Him ALSO ACCEPTWG CARGO FOR UNTED KMGOOM SOUTHAMPTON LONOON MANCHESTER. HRMMGHAM BRISTOL LIVERPOOL GLASGOW LEEDS WEST GERMANY \il iVViI. hoilano AMSTtRDAM rwt HMterf khM— lillifci W—| Liltan nF* 21 ter ter
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      Page 16 Advertisements Column 4
      815 16 Everett Lines Barm Fwa Star Skippwf Carps. 'BURMESE NATIONAL LINE' LONMNG FOR RANGOON r'pata rumm tmmt 8 F S.S C Aaan« w\ Motoywo TIPS MALAYSIA Port Kalong Ta< (38>-7355 Paoong T«4 *****/***** Compaiiia Arfantina Oc Q»i Wwyri*' latwcaatwaatal S. A. C.I. F. MJ "ARGENTINE NATIONAL LINE" LOADMC FOR DUBBAN. CAPETOWN,
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      Page 16 Advertisements Column 5
      504 16 mo.s.E. f A A A A r i OCEAN SHIPPING ENTERPRISES PTE LTD SANKYO LINE AUSTRALIA SERVICE P. Mm Sfcfapart L«»*| tar 21/23 Mar 11/20 M* MBS STD. MEL. MEL 1/3 Apr 4/5 Apr FKM, ADEL BANGLADESH SERVICE I 24/29 MM CHTTAGONG. CHALM JAPAN/STRAUS SERVICE PALM Sated CRYSTAL STAR hi
      504 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      803 17 PIL GROUP EAST AFRICA/REDSEA SERVICE COLOMBO/KARACHI/P. GULF SERVICE SINGAPORE/CHITTAGONG/RANGOON/SER VICES Loading For: Chittafont Madras. SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES SINGAPORE/INDONESIA/SINGAPORE SERVICES IMI'TI ri S.E.A Container Feeder Service SIN/JKT/SIN/HKG/MAN Pakistan National Shipping Corpn. Karachi Pan Islamic Steamship Co. Ltd. Karachi Pacific International Lines ptf ltd (joint service > Malaysia Shipping Corpn. sdn bud
      803 words
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      Page 17 Advertisements Column 2
      674 17 |j yjrj BEN LINE CONTAINERS evkss ammo soma to/from omfe webbpe Vnk* EkoAton Eti Bay 1/4 a/J j/« v V 4 v« 7/4 m 11/4 12/4 14/4 7/ »/4 a/4 a/4 m/ a/4 a/4 a/4 a/ a/4 a/4 (4/s) i/ 4/5 5/5 7/9 a/ U/S U/l H/i 7/ M H/5
      674 words
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      Page 17 Advertisements Column 3
      521 17 Scan Dutch V WEEKLY EXPRESS CONTAINER SERVICE rak ss sr Tim r c? jbf i. MU IVI lw a/i IMU »/7 IMU 12/4 IM l*/« IHU a/4 }VJ */i «/i 1/4 i/4 U/l 2/4 7/4 1/4 11/4 a/1 1/4 tl/4 IV4 11/4 la aa a/4 a/4 a/i j/4 a/4 a/4
      521 words
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      Page 17 Advertisements Column 4
      607 17 I BOUSTEAD AGENCIES U.S. 6ULF COAST SERVICE (New Orleans, Mobile, Houston, Galveston) P. Kuartan US 6* LOUS IYKES (*ck ft to*)— CFKOEKLTKES (M ft Ml) DOILY TUBMAN (tea*)...Kxrt/3 Mar 10/13 Mar 20/27 Mar 1* 12 V -19/20 M> 26 Apr U.S. WEST COAST SERVICE (Seattle, Tacoma, Vancouver 8.C., Portland, Lonpiew,
      607 words
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      Page 18 Advertisements Column 1
      806 18 KAWASAKI KISEN KAISHA. LTD. FEEDER KSSLS* H akssei s/i AMERICA 9 7/3 1/4 7/4 SE 7/4 7/4 U/4 11/4 U/4 2/5 TO EUROPE 1 Kccptnf c«pn I* ScaAmu w HmPut f) FROM EUROPE TO FAR EAST •l Havre P Kelang S pore n peari ic c MS is CMIIM K
      806 words
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      Page 18 Advertisements Column 2
      503 18 cauforma/pacfic north wist service EXPRESS CMTMKJt/KEfU SERVICE Lm*| tar lOS MKLfS. SM FRAMCBCO. SATTU. TACOMA. IWCtUR BC Pt*a«| P W«l| Swpeort I *m«Wi aa- Nk »m> »v AUSTRALIA EXPRESS CONTAINER SERVICE NEW ZEALAND SERVICE .imuniniinnnui >« FCL/FCI Catfiran JAPAN SERVICE OUTWMD FROMIOMUT TO ROK. VORONMRA <cm~ FROM CALCUTTA 10 KOtt
      503 words
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      Page 18 Advertisements Column 3
      458 18 .A < I'Olii> SINGAPORE SHIPPING AGENCIES PTE LTD ;0'« HOC HfANHui.CN'. > S jAPORt MAU'f'Vf, StS j| N| HJ, 9' J■ 14. NfS Tf.fl BS <4S9 l "S A 9 AB'JHiP rtu iOSH P IHIM (liHilniiicr Lines WEEKLY CONTAINEP SERVICE to/«rorr BANGKOK w trm <M) IISI2W VI to *****R 12/1]
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      Page 18 Advertisements Column 4
      627 18 «n QRAMARD LINE INDEPENDENT ATTRACTIVE RATES MEDITERRANEAN SEA SERVICE ALSO ACCEPTING CONTAINER CARGO-FCL ONLY FOR PORT SAID. ALEXANDRIA. BEIRUT. LATTAKIA. UMASSOL. ISTANBUL A PIRAEUS Specially engaged agents stevedores providing immediate discharge M.V. MM CMEONG V.37W TIL MVMRNFMG 38R «Ap "ttaNtfam/BaM/P. SaM/RMuNdrta U mm nch ran STMfTS/UST MM SERVICE s 'pw
      627 words
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      Page 18 Advertisements Column 5
      506 18 INTRASEA (PTE) LTD Fab*'» House 234F Orchard Road Singapcr 9 T *****11 *****5' jroiAffia*uw REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE ular vbepement sem/fuu contamx service to empe S'ppra P. Mmc Nm« ImMh tar 171 1 Mar ANTNERP/ROTTERDAM 15 Mar 11 Mar BOULOGNE/UK (MRM) $*mm* MTRASEA (PIE) LTD, 2352*11 BOOKMG
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      Page 19 Advertisements Column 1
      134 19 TRUCONTAINER EXPRESS (S) PTE LTD < Suites 1311/1312, Shaw Towers, Beach Rd. Singapore 0718 Biiflidar Container Service accepting FCL/LCL Cargo for New Zsatand Auckland, Wellington, Lyttleton, Dunedin Australia Sydney, Melbourne, Brisbane, Adelaide, Sri Unka Colombo, i Europe and UX Call *****81 p EI Container leasing services HICCU CONTAINER FLEET MANAGEMENT
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      Page 19 Advertisements Column 2
      122 19 V 5" SHIPPING CORPN. LTD. FOR BOMBAY SINGAPORE P RE LANG RtSHI VtSHWAMTTRA 14/15 MAR (NMAN FLAG-SUIT 1971) Fa CONTMOS ACCEPTABLE SWGAPORE: STRAITS SHFSERVICES (PTE) LTD., TEL: *****61/2, *****98 P. KELAM6: PSD SHPPM6 SON. BM)., TEL: *****1-5 TTTT TT ri d ""TM.'I ANHSING OVERSEAS LINE REGULAR SEM-CONTAMER/LMER SERVICE UMON LBBON.
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      Page 19 Advertisements Column 3
      238 19 THE (CW STRAITS SMPPMG CO (PTE) LTD V BANGKOK SERVICE ETA SPORE LOAONG FOR; M.V. ANDROMEDA 2 Mar Bangkok TAIWAN/PHILIPPINE SERVICE ETA S PORE LOADMG FOR: M.V. PVCWOOO 9/12 Mar Kaosl»ui*/Man<U/Hong Kon| (Subject inducement) CALCUTTA SERVICE MX MAPIfWOOO 14/17 Mil Calcutta (Cafcnj Perung Subject inducement) Chittagong CHITTAGONG SERVICE 11/20 Mar
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      Page 20 Advertisements Column 1
      215 20 ■oEGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND MKCT IMB SERVICE TO E (PORT SAID ALEXANDRIA) T771 STORE PT KEL PEHANG PT SAD ALEXANDRIA MLE U Marl mums U Apr 15 Apr 29 Apr 29 May 2 Subject udMctmsnt MARTRANB CARGO PLEASE CONTACT SCHENKER SINGAPORE TEL *****11 I EGYPT ALEXANDRIA
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      Page 20 Advertisements Column 2
      172 20 ZIK INTERNATIONAL FREIGHTWAYS PTE LTD amM AUNTS SfVM /W INUimAIIONAI HtHGMT*ATS PH IT Mi t TUNAS SflAll rr*p* y*» BH" PINANT, HV. HELLESPONT TB.R ALFRED C. TOEPFER LINE REGULAR SERVICE TO MEDfTERRAICAN PORTS OF ITALY, Sf/UN, FRANCE TMBER SERVICE S pore P Kelang Ldg For 13 Mb 1( Mb Trtnt*.
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      177 20 W'm W' ■x Xv m S8 »vw>.\w:¥:::v:v.-: 5 IMssW® "J .s i i I ®s i N>:vx-»KV>»: V': :£:lSSs£v: m AWO2 /j I W mm-A mMsmi 1 I r I .<34 I THUNDERSTO i >2 •CV/ IV B X f 100E SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS
      177 words