The Business Times, 5 June 1978

Microfilm: NL9737
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 21V1/78 MONDAY, JUNE 5, 1978 SOCENTS
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  • BRIEFLY...
    • Article
      Mr. Lee's itinerary
      85 1 PRIME Minister Lee Kuan Yew started a fourday official visit to Bahrain yesterday. He Is accompanied by Minister for Foreign Affairs S. RaJaratnam and the Acting Minister for Social Affairs. Dr. Ahmad Mattar. During his visit, the Prime Minister will hold talks with Bahralnl Prime Minister, Sheikh
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    • Article
      Hon's hopes
      90 1 FINANCE Minister Mr. Hon Sul Sen has said a study might lead to more effective cooperation than the present preferential trading arrangement for goods manufactured in Asean. Such a study could determine how best Asean members could cooperate economically. He said this In an Interview with RTB before
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    • Article
      Our top partner
      41 1 JAPAN has overtaken the United States to become Singapore's largest trade partner, according to latest government statistics. In the first four months of this year, Japan's total trade with Singapore amounted to $2,467 million against America's $2,209 million.
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    • Article
      Lock icon Picking up refugees
      65 1 Reuter HONOKONO, Sun. China will send two large vessels to Haiphong and Saigon to bring back the victimised Chinese from Vietnam in a few days, the left-wing Ta Kung Pao said. Four large vessels, now anchored at Whampoa, are ready to sail to the Vietnamese ports. More
      Reuter  -  65 words
    • Article
      Lock icon Steady trade increase
      65 1 Reuter PEKING, Sun. China's Foreign Trade Minister LI Chiang has predicted a steady Increase in trade with Western Europe and Japan and called for "more business with friendly Third World countries." In an interview with the magazine China's Foreign Trade, Mr. Li also said the country's trading
      Reuter  -  65 words
    • Article
      Lock icon Crucial six million votes
      61 1 Reuter HANOVER, Sun. Six million West Germans were voting jeemaaj in state elections which could have a considerable impact on the Bonn coalition government. Interest centres on how the Junior member of the coalition, the Free Democratic Party (or Liberal Party) fares. The party has been
      Reuter  -  61 words
    • Article
      Lock icon Unclogging supplies
      78 1 Reuter PEKING, Sun. China is moving to Improve Its Industrial distribution system to ensure that supplies flow properly and Industrial enterprises receive the materials they need, Hslnhua News Agency reported yesterday. Correspondents visiting factories In various parts of China have noted that the supply system appeared to have
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    • Article
      Lock icon Severe cash problem
      68 1 Reuter MANILA, Sun. The board chairman of Philippine Airlines (PAL), Roman Cruz, said yesterday that the government had to take control of PAL last year because It was facing "extremely severe cash flow problems." He denied reports In the Washington Post claiming the Philippine government's "seizure" of
      Reuter  -  68 words
    • Article
      Lock icon Straits rules
      58 1 Reuter KUALA LUMPUft, Sun. Negotiations are now underway between Indonesia, Singapore and Malaysia to finalise rules governing the traffic separation schemfe In the Straits of w nlfiiTfi Sources said today the negotiations woe to ensure there was no further delay of the scheme which had been accepted by
      Reuter  -  58 words
  • Article
    TOP TEN STOCKS
    115 1 THE following list of stocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, prices on Friday and the high and low for 1978. Company Turaovf r Prices High Lew DM June 2 1978
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  • LOCAL STOCK INDICES
    • Article
      SINGAPORE
      65 1 ft BT Index: N»a 1007.51 May* Ms»3i 1000.68 1100.58 JwmI 1111.58 JM2 1088.63 Industrials: 316.71 316.40 317.54 318.28 317.64 ft Finance: 535.77 533.86 536.25 536.73 533.08 Hotels: 222.44 222.21 222.44 222.37 220.08 108.82 Properties: 201.08 200.71 201.11 208.71 Tins: 152.04 151.77 152.34 152.16 152.00 (rubbers: 506.17 508.08 518.00 508.13
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    • Article
      MALAYSIA
      78 1 V 8 BT Index: Industrials: Finance: MayB 1544.84 356.17 454.16 1523.78 364.88 460.81 Key SI 1546.56 366.36 460.71 1548.64 156.76 460.60 Jwl 1548.86 364.34 44M4 Hotels: Properties: Tins: grubbers: 106.43 200.17 168.56 556.54 208.88 208.88 188.00 564.03 204.16 207.83 168.10 553.78 208.88 208.88 168.61 566.06 288.78 206.03 168.58 564.25
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  • Article, Illustration
    Lock icon Trade- weighted index for local $
    868 1  - Trade- weighted index for local BASKET OF TWELVE CURRENCIES By TOH THIAN SIR OVERSEA CHINESE Banking Corporation (OCBC) has launched a trade-weighted Index for the Singapore dollar. This Is the first time that any Institution In Singapore has published a tradeweighted Index although It Is believed that several Institutions both
    By courtesy of OCBC  -  868 words
  • Article
    What's bugging electronics firms
    846 1  -  ®r FONG MEW LING A SURVEY was conducted last week to find out how severe the job-hopping and labour shortage Is In Singapore's electrpttlcs and electrical Industries. It was in the form of questionnaires circulated by the Association of Electronics Industries In Singapore and the Singapore
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  • Article
    Wearnes' pre-tax rise reflects steady pace
    427 1 WEARNE Brothers have ——j HP infti ■t S 15.44 milttoa for the six months ended March SI I*7B. This is a it par cent improvement ever the previous corresponding period and supports Chairman Tan Chin Tuna's forecast la the last aaaual report that growth
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  • Article
    Foster hi-fi equipment for Philips of Holland
    475 1  -  •y RAHIM KASSIM A LOCAL electronic company has been awarded a 820-million contract through Its parent company in Japan to supply Philips of Holland with a series of amplifiers, tuners and receivers. The first batch of one thousand 40-watt receivers, valued at around
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  • Article
    TRAUB PLANT OPENING
    84 1 THE Minister (or National Development and Communications, Mr. Um Kim San, win open Traub Pte: Ltd, a new plant manufacturing slnglesplndle automatic lathes, toolhoklers and spare parts for turning machines, tomorrow at 4.30 pm. Traub Is a wholly-owned venture of the German company, Herman Traub OmbH and
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      25 1 hand when Wayfoong Mortgage HCCCI and Finance (Singapore) Liriijted It MlOSt Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. TH: *****7. SEE BACK PAGE
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    • Advertisement
      Page 1 Advertisements Column 2
      90 1 Trust Sony for your video With customary vision and foresight Sony pioneered video equipment. Today, Sony is one of the world's foremost manufacturers of integrated video equipment. Research and experiments are continuously carried out to bring you the most advanced and sophisticated video components. DXC-1200P (Colour video camera) Ideal tor
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    • Advertisement
      Page 1 Advertisements Column 3
      12 1 aza L'J JLZ SHIPPING TIMES MONTAGU KANBAI United'• S.TV AKADIOi, S. M
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    • Advertisement
      Page 1 Advertisements Column 4
      133 1 Albert Photo Fo» the best in V s vphotocjr.ipluc equipment JAL FUGHT 712 THE TOKYO EXPRESS NEW YORK VANCOUVER 'WSAN 1 FRANCISCO I LOS 1 'ANGELES I I HONOLULU ISMGAPORE I *K rag f 4v MEXICO CITY Only on JAL can you non-stop to Tokyo, then make convenient connections to
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  • Article
    MEMO PAD
    297 2 COURSES AND TALKS May 8-Aug 17: A ust Insurance Institute Assoclateshlp Course, SITC, SITC May 15-June 15: Compensation Employee Benefits, Hilton, POD May 30-June 6: Senior Management Course, SITC. SITC June 5-7: Transactional Analysis, SIM, SIM June 5-July 29: Life Agents Certificate Course, SITC, SITC June 8-22: Personnel
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  • Article, Illustration
    Lock icon Swashbucklers galore in days of yore
    3006 2 HOW THE BRITISH PUT PAID TO A PIRATE KING AT A PRICE Borneo Bulletin ONE OF THE moat historical pirate strongholds In the history of piracy In Sabah Is Marudu, on Sabah's northern tip, not far from the Langkon rubber estate. Most of the
    Borneo Bulletin  -  3,006 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      199 2 IBJ The Bank for All Reasons Corporate Financing. IBJ is Japan's oldest and largest long-term credit bank. With extensive experience in meeting corporate financial requirements through arranging bond issues and offering precisely tailored loan packages. Main Bank to Japan's Key Industries. IBJ is main bank to more of Japan's industrial
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    • Advertisement
      Page 2 Advertisements Column 2
      49 2 WANTED SOLE DISTRIBUTOR FOR: PNEUMATIC DRILLS, CONVEYORS AND MACHINERIES FOR WOOD INDUSTRIES. THE DISTRIBUTION HAS TO COVER THE FOLLOWING AREAS: INDONESIA, MALAYSIA. SINGAPORE. WRITE WITH REFERENCES TO: INCOPLAN ITALY S.P.A. 38, VIA MANZONI ***** MILANO ITALY MMPIM (STOKE) PTE. LTI. IJtf, IJTH FLOOt INTCRNATIOMAL PLAZA ANSON ROAD SINGAPORE 2
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      559 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Beat up a culinary mixture 7 Lofty musician? (S) 8 Allows occupation of some billets (4) 10 Whether he puts up the price or not. there's an outcry about beer (6) 11 Legendary caveman (8) 14 Donovan's eggs (3) 10 Tempting enough to make
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  • OVERSEAS
    • Article
      Carlton takes three to court over contract award
      276 3 CARLTON Machine Tool, bypassed on a multl-mll-Uon dollar defence contract award, has filed a US$ll million (892S million) suit against Chrysler Corp.. Mitsubishi International Corp. of Japan and Android Corp. The suit, filed In US district court on Friday, charges those corporations
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    • Article
      EUROPEAN BANKERS TO ATTEND SENATE HEARING
      181 3 EUROPEAN Banking Association representatives will attend US Senate committee hearings on the International Banking Bill on June 21—22. Arguing European banks' position on the bill, they will point particularly to problems arising from Section 8 of the draft dealing with non-bank Investment and holdings
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    • Article
      Lock icon Ford offshoot agreed to Jakarta bribe
      658 3 NYT OFFICIALS of a Ford Motor subsidiary agreed In 1975 to pay an Indonesian general a bribe of roughly US$2 million (854.6 million) to secure a large telecommunications contract, according to information known to be available now to the company's top executives. Some months
      NYT  -  658 words
    • Article
      Lock icon Jobless rate in America levels off
      498 3 Washington Star US UNEMPLOYMENT rate for the last four months has levelled off at around 6 per cent, after a year of continuous decline. The unemployment rate for May was 6.1 per cent, a slight Increase from April's 6 per cent, but in line
      Washington Star  -  498 words
    • WORLD IN BRIEF
      • Article
        Lock icon TAX TREATY UNDER FIRE
        494 3 Agencies US SENATOR Edward Kennedy charged that a proposed new US-Brttlsh tax treaty would free USbased oil companies from US$5OO million (Sfl.l billion) In American taxes. The senator Issued a statement criticising a treaty provision allowing American oil companies to get a US tax credit against
        Agencies  -  494 words
    • Article
      Midland's new board member
      203 3  -  GERALD COLVERD In Lnidiw MR. JOHN Cuckney, the former head of the Crown AtenU for four years and currently chairman of the Port of London Authority is expected to be appointed to the board of the Midland Bank later this month. Mr. Cuckney Is noted for
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    • Article
      Lock icon German mark GD issue withdrawn
      140 3 Reuter THE FIRST sale of a foreign currency denominated certificate of deposit In the United Btales has been withdrawn under pressure from the BundesAn official at Deutsche Oenossenachaftsbank (DO Bank) In New York, which offered the issue last week through the Investment banking firm of
      Reuter  -  140 words
    • Article
      Lock icon Bonn buys more to hush critics
      649 3 FAVOURABLE STATISTICS Reuter WEST GERMAN Imports roee by 8 per cent In the first four months of this year said Dr. Otmar Emmlnger, president of the BundesHls remarks, to the annual congress of the International Foreign Exchange Dealers Association at Munich on Saturday were
      Reuter  -  649 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      37 3 London and back. Fly any day from Singapore. Jftnicetohaveyou with us.* Please contact your travel agent or British Airways Reservations Tel: *****4. British airways Wfe'll take more care of you In association with Singapore Airlines. BA/Ll/78 i
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  • RAW MATERIALS
    • Article
      FOREIGN RUBBER
      263 4 RUBBER futures In London reversed morning uncertainty to close steady on Friday, mostly 0.85 to 1.55 pence per kilo up from Thursday night. Turnover totalled six lots of five tonnes and 395 lots of 15 tonnes including 23 kerb trades. No options were traded. Dealers were unable to
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    • Article
      Straits tin
      144 4 THE STRAITS tin price In Penang on Saturday rose MS 16 -to $1,688, on an official offering up 61 tonnes to 235 tonnes. In LONDON on Friday, tin on the day rose by £160 for cash and £139 for Three Months standard while High Orade was up £165
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    • Article
      Copper
      207 4 COPPER wire bars on the day rose by £105 for cash and £9.5 for Three Months in London on Friday. The market was firmer after lunch on pre-weekend short-covering which lifted Three Months up to £798.5 on the early kerb before the position slipped back under profit-taking to £794
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    • Article
      Coffee
      201 4 .WHILE there was some confusion surrounding the many and varied trade and private Brazilian reports of frost, the Londoh market ended the Friday session steady ahead of the weekend. Profit-taking and liquidation following Rio trade reports that frost In North Parana had not damaged coffee trees halted and reversed
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    • Article
      Sugar
      150 4 TERMINAL sugar In London on Friday eased against New York in the afternoon on weekend profit-taking to close with pared gains of £0.80 to £1.35 per tonne. The official tone was "very steady" however due to some last minute shortcovering dealers said. Turnover totalled 3,264 lots including 1,186 kerbs
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    • Article
      Cocoa
      119 4 TERMINAL cocoa In London on Friday closed with losses from Thursday night of £17 to £9 per tonne, around newly established lows for the day. Turnover totalled 3.488 lots including 940 lots crossed and five options. The market eased off in the afternoon allied to New York with weekend
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    • Article
      Lead
      44 4 LEAD on the day rose by mostly £16 per tonne in London on Friday. The afternoon market continued to advance on follow-through fresh and chart buying which took Three Months up to £340 in the ring before profittaking clipped prices on the kerb.
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    • Article
      Rice
      201 4 BANGKOK rice prices were Co ted as follows on Satury; (OS dollars per tone f o b. buti Bangkok): Wfite Kfc»: 100 pet m class 442, 100 pet. 2nd dan 427, 100 pet 3rd clan 422. Spet 412, lOpct 400. IS pet 201. 20 pet 207. 29 pet 377.
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    • Article
      Soybean
      69 4 CHICAGO soybean futures closed with limit losses of 30 US Cents a bushel In old crop Months and September and losses of 221/4 to 24 cents In other Months on Friday. The market fell on heavy commission house stop-loss liquidation in late trading after displaying weakness through most of
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    • Article
      Wheat
      56 4 WHEAT futures were hit by late downward pressure on selling prompted by sharp losses in the soybean complex In Chicago on Friday. Although final prices were several cents above the latesession lows, the market showed closing losses of 23/4 to nine US cents a bushel. Commercial buying helped trim
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    • Article
      Palm oil
      82 4 C.I.5- North European ports, in US dollar per ton unless otherwise state LONDON FrMay Malaysia 5% ffa bulk per tonne August Sumatra 5H ffa bulk June July August September October Nigeria 5% ffa bulk stg 013 sir 720 sir 880 sir 820 sir 810 sir/BOO pd 580 slr/575
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    • Article
      Gold
      431 4 AFTER a trading range of slightly below the US$lBO level In the week ended May 26, gold developed a firmer trend In Zurich last Monday climbing to a close of $180.25/ 181.00 per ounce in uneventful tradlnc with both New York and London closed. Buying interest slrnlflcantly picked up
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    • Article
      Silver
      107 4 SILVER on the London Metal Exchange gained 5.2 to 5.4 pence per troy ounce on Friday. The advance at New York prompted nervous shortcovering and fresh chart buying during the afternoon which pushed Three Months up to a new trading high of 308.5 pence compared with the high earlier
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    • Article
      Rumours of frost help push up coffee prices
      443 4 FEARS of frost in the coffee growing areas spilled over from the previous week and succeeded In Jacking up coffee prices dn the Singapore produce market last week. Prices firmed $15 per picul for the week. This brings the price hike over
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    • Article
      Produce exchange
      248 4 CHINESE Produce Exchange, Singapore noon closing prices per plcul on Saturday. Cocoa at OU: Bulk *88 seller*. old drum 893 sellers new drum 898 ■MB. Copra: Mixed (looae) UK/Cont 898 Ptoppsr: Muntok AST A white f.o.b. 100* NLW 8390 sellers, Sarawak white f.o.b. 98% NLW 8370 selleri, Sarawak
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    • MONEY AND EXCHANGES
      • Article
        Lock icon Zurich
        344 4 Source: Swiss Bank Corp THE US dollar suffered a severe setback last week against virtually all currencies. Its fall was particularly pronounced against the Swiss franc, which on Thursday morqing was quoted at 1.8800. There was no specific factor which initiated the downward movement of the US currency. Rather,
        Source: Swiss Bank Corp  -  344 words
      • Article
        London
        187 4 THE DOLLAR drifted lower against most major currencies in quiet trading on Friday. Turnover was low because of the Forex Conference In Munich and ahead of the weekend. Slight selling pressure brought the dollar down, particularly against the yen, dealers said. The market sees no sign of the Japanese
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      • Article
        Singapore market
        155 4 DUE TO the London and New York holidays on Monday and Tuesday, respectively, the US dollar last week opened steady at 2.3345/55 in quiet trading. It weakened against major currencies and dealers felt that there was a shift In sentiment to a bearish view of the dollar. The
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.
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      • Article
        Asian $ rates
        267 4 Asian rates RATES continued to remain steady throughout the week ended June 2 In lacklustre conditions. Rollover Interest was light. A rise of 0.9 per cent In the April US consumer price Index and a drop In M-l money supply by US$l billion, did not have any effect on the
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      • Article
        Lock icon Discount market
        261 4 Source: Commercial Discount Co Ltd THE TIGHT money situation experienced In the previous week continued to prevail last week and by Wednesday, which was a liability base day, overnight rates rose to a high of 14 per cent to close at 5 to 4ft per cent on Friday.
        Source: Commercial Discount Co Ltd  -  261 words
      • Article
        New York
        220 4 MUCH of the activity on Friday was limited to squaring of positions as many senior dealers were In Munich for the International Forex Conference, and the dollar closed little changed against most currencies In very quiet trading. The U8 currency weakened around midday after Europe's close, despite news
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      • Article
        Euro $ rates
        118 4 Euro rates LONDON Eurodollar deposits closed steady In quiet trading on Friday. Trading continued to be slack through the day because of the foreign exchange dealers' conference in Zurich, dealers said. In Short dates, Weekend slumped to 2-5/8, 2-1/2 when Interest waned. Earlier it had touched three, 2-7/8. Periods were
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      • Article
        Lock icon Money market
        82 4 Source: Astley Pearce THE Interbank money market last week witnessed a slight tightness from midweek onwards. On the base day itself, the overnight rate rose to 14 per cent to finally at 10 per cent. The remaining part of the week saw rates maintaining the 5 to 4V»
        Source: Astley & Pearce  -  82 words
      • Article
        Short term money
        47 4 FOR the week ended Friday June 2, the range of can rates received from Short Deposits (M) Berhad was as Bank hind: 3Vi per cent to 6Vi per cent. General fund: 3Vi per cent to 6V4 per cent. Movements of fund totalled $515 million.
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      280 4 Here's why your internal telepljone system js now a big waste of time. i C..; «V %> v„ /.<sy# s r s. N> X S A.. n. V 5^ ■oi -Vv X ■XO ;0 Have you ever thought how much time you spend trying to reach someone on a conventional
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    • Advertisement
      Page 4 Advertisements Column 2
      87 4 (Q) EVERGREEN LINE EVERGREEN MARINE CORPORATION (TAIWAN) LTD. take pleasure in announcing the appointment of C.F. SHARP CO. (M) PTE, LTD. as their container vessels' agents in Singapore, Malaysia and Brunei for their independent container services to and from Far East and Mediterranean/Red Sea ports with immediate effect. B 538
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  • TRANSPORT
    • Article
      Offshore firm in Labuan lands Manila contract
      326 5 LABUAN-MADE offshore structures will straddle the oil fields In Philippines water soon. Cities Services Inc. of the Philippines has engaged an American firm In Labuan, Brown and Root, for fabrication of platforms facilities for the Nldo ims'is ine first significant offer Brown and
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    • Article, Illustration
      Lock icon Queen can keep secret says Laker
      109 5 AP MR. Freddie Laker, Britain's millionaire airline maverick whoM low-coat akytrain flights revotathmiaed trans-Atlantic air travel, said he was absolutely thrilled by the knighthood awarded him in Queen Elisabeth's birthday honours. Amd he diecloeed that the Queen knows how to keep a secret.' He
      AP  -  109 words
    • Article
      Global shipping slump scars Hapag-Lloyd
      783 5  -  »r CHAN BONG SOO HAPAG-LLOYD AO'S statement to shareholders bears all the marks of having emanated from a company which has lust scraped through a difficult period, in an industry beset by multiple problems. Viewed against the world's shipping slump, the company's overall performance in
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    • Article
      Lock icon Conference cancels surcharge
      62 5 Reuter MEMBER lines of the East Asia/ West Africa (Nigeria/ Senegal Range) freight conference said they would abolish the Port Harcourt, Nigeria, congestion surcharge. A 30 per cent congestion surcharge has been In effect since April 5. The conference has eight member lines, including Gold Star Line,
      Reuter  -  62 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      701 5 ARRIVALS Service Operator Number Local Time From SIA SQ911 SAS SK097 MAS MH601 MAS MH682 SIA SQlOl MAS MH621 MAS MH607 MAS MH671 CPA CX710 OIA OA980 THAI TQ423 SIA SQ103 SIA SQ209 MAS MH605 OIA OA944 QIA GA908 QIA OA893 PAL PR501 RBA BI325 OIA OA982
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    • Article
      HAMBURG CONVENTION AN IMPROVEMENT
      396 5 THE proposed Hamburg rules for the carriage of goods by sea is an improvement over the existing Hague rules though reservations about some of its clauses may pose some barriers to its being accepted. Professor Jan Ram berg, special consultant to the International Chamber of Commerce,
      396 words
    • Article
      St Lawrence pile-up
      326 5 MOUNTING shipping delays at St. Lawrence Seaway grain elevators are causing serious transportation problems. Mr. Gordon MacheJ, the Canadian Wheat Board's general director for grain transportation, said delays at the six transfer elevators along the seaway range from one to 17 days. On Friday, four ships were
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    • Article
      Lock icon LONDON FREIGHT MARKET
      188 5 UPI FIXING on Friday gave some Indication of the state of North Atlantic grain rates for medium-sizes bulk carriers. The recent quiet spell seemed to have caused a slight weakening of payments when It was reported that Tradax fixed the Orunda at U5514.50 (3)33.50) (FIO for a
      UPI  -  188 words
    • Article
      Sea-Land container scores a global first
      145 5 THE WORLD'B largest containership operator, Sea-La ad Service lac., will lay claim to having the first eoataiaer te circumnavigate the globe. The 35-root eoataiaer, was loaded onboard one of Sea-Land's SL-7 class vessels at Elisabeth in New Jersey oa May 2S this year to
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    • Article
      Lock icon Aussie ports back to normal
      335 5 Reuter CARGO handling on wharves In the ports of Sydney and Melbourne Is virtually back to normal after agreement was reached on a new pay award for the main waterside union. But the effects of the stoppages and go-slows on ship schedules Is expected to
      Reuter  -  335 words
    • Article
      Shiprepair venture
      119 5 A JOINT venture agreement to build and manage a shiprepair facility In Sublc Bay, 80 km west of Manila has been signed between the government National Investment and Development Corp (NIDC) and Japan's Kawasaki Heavy Industries. The project cost of US$6B million (Ssls6 million) will be covered by
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    • Article, Illustration
      SHIPS IN PORT
      473 5 EXPECTED SAILINGS TODAY KEPPEL WHARVES A 1 Salimiah (0500 tbc) 10/11 Wyoming (2300 tbc) 35/36 Golden Lake <1830 tbc) 40/41 Vlshva Maya (0530 must sail) 45 Dong Myung (1200 46 Yue Flower (0700 tbc) 8/9 Straat Florida (1200) 3/4 Wistaria Oarnet (1830) 29/30 Rasa Sayang (1400) 42/43
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      16 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 .alt us fr 'OU. onward reservations -1.7
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      Page 5 Advertisements Column 2
      38 5 m m •v» \V \?v \VX ws N* 1 ft BALLY OF SWITZERLAND A i* **4 iiiiS THE LEAttNG T aJc\Vi^-i TAILORS A STORE UGH ST CENTRE UXXY PLAZA OCEAN BULDMG SUPREME HOUSE HUON, RAFFLES HOTELS •COLD STORAGE
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  • REVIEWS
    • Article, Illustration
      It all began with mama's bidding
      1202 6  -  Br RAHIM KASSIM BAAL Records started off as a demonstration of "big brother's watching you", literally when young Jay Shotam set himself up In 1968 as lead singer in a local pop group called The Surfers, his elder brother, Balram Shotam, was deputed by
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    • Article
      Lock icon Film Society faces uphill task
      726 6 IMS THE daunting obstacles which Utter the path of even the most dedicated local film society here are outlined In grim detail In the Singapore Film Society's latest bulletin to Its members. In view of problems like these, the Society can only to be congratulated
      IMS  -  726 words
    • Article, Illustration
      FUNNY, FAMILIAR AND WHOLESOME
      535 6  -  •y REBECCA CHUA "SO kill me, I'm a tucker for romance" I quote from the movie "The Goodbye Girl." Come prepared with Kleenex, be ready to exchange meaningful glances t lndulge in a little surreptitious hand-holding and listen to the dialogue. Because that is what makes
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    • Article, Illustration
      COMMERCIAL BAZAAR IN DISGUISE
      399 7  -  ■y FOO CHOY PENG .THE three-day art exhibition at the Victoria Memorial Hall which ended on Saturday was more of a commercialised affair rather than a display of art works by renowned local or foreign artists. Organised by the Centre Of Fine Arts, It was dominated
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    • Article
      A well-woven potpourri
      251 7  -  "•y WANG LOOK KEAH "WOMEN In Love", staged J on Friday night by the Experimental Theatre Club not, contrary to some a reading of •excerpts from the wellknown novel by D.H. Lawrence. Expectations of a good evening's literary enter••"talnment were however amply fulfilled. Excerpts from works of
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    • Article
      Curtains up
      173 7 VOLUNTEER drama teachers Mrs. Sheila So flan, an American wife and playwright living here and Mr. Ourdlp Singh, a local engineer, will be putting _Xhelr youthful pupils In the "Toa Payoh Playhouse" -•through their paces with a performance In at the Cultural Centre, Fort Canning Rise. ■auThe actors,
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    • Article, Illustration
      Lock icon Wizard with silver
      358 7 Borneo Bulletin AS HE has done for more than half a century, Hajl Mohammad Daud was tap, tap, tapping away with his hammer this month, creating beautiful designs as Sabah's master silver craftsman. Only the venue was different from the one he Is accustomed to. Tiny, coastal
      Borneo Bulletin  -  358 words
    • Article, Illustration
      Seng Hoo meets a grandmaster
      1185 7  -  h LIM SENG HOO YUGOSLAVIA unquestionably comes to aa the country with the largest number of International chess tournaments. Every region of Yugoslavia seems to enjoy acting as host to tournaments and each year, new cities are anxious to add their names to the list
      1,185 words
    • Article, Illustration
      Lock icon Martha's making HK greener
      553 7  -  ■y SUZANNE GREEN UPI MARTHA Lesser has dedicated nearly a decade to the greening of Hongkong, often criticised as a commercial enclave busy wheeling and dealing but culturally a desert. Is the British colony still a "desert"? "I guess you could say It depends on how
      UPI  -  553 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      116 6 w to wine and dine... v Kg/ sinGapura FORUM HOTEL ttkMaWMvl m Orchard Bead, B'psrc I. T»l: S7IUB PebMeßar Experience the unique expression of Tanla Oreat Sound Big Show You'll love the dynamic and versatile TanJa For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally
      116 words
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      Page 6 Advertisements Column 2
      62 6 Mips Havelock Road S'porc 3. Tel: *****1 1011 bar presents TotoSHftsKias The Jackson 5 of Manila Don't miss the exciting sounds of Toto L His Kids. This band of four brothers and a sister has the unique vocal style that made them the Jackson 5 of Manila. Toto L His
      62 words
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      Page 6 Advertisements Column 3
      73 6 Hotel Royal-RAMAM Newton Road, Singapore 11, Republic of Sing«>ore Telephone: *****1, Telex: RS-***** Cables: HOTELROYAL Golden />*i fj Jt 7a I BS&SP Sumptuous Cantonese cuisine prepared by our chefs with just the right touch and our speciality RSH HEAO6 Each dish is carefully selected by our chefs to give you
      73 words
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      Page 6 Advertisements Column 4
      60 6 Delicious food at Its most glorious awaits you at t JHiantirlrrr In\h trwmph' A bounty of beautiful food a*ai!s vou (>t hanncleer Taste the most mouth watering masterpieces of t uropean cooking, prepared fiom only (arm freshest ingredients, andsip your choice of qreat .vines t os T res F ilipinos
      60 words
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      Page 6 Advertisements Column 5
      23 6 m -33 I i^W 1 1 m U w» ffIKOS IB T r I*l X fa u r rf f K s LI!
      23 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      632 6 LEISURE TIME FILMS: THE Alliance Francaise and French Nitty will show a once-controversial film, -"Lb Carbon" ("The Crow"), tomorrow Tuesday June 6, 9pm at the Relc building, Orange Grove Road. Directed by Henri-Georges Clouxot in 1943 (black and white), this was only the director's second feature film. It was produced
      632 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      265 6 tv&radio I SINGAPORE 5 3.00 PM Opening announcements followed by Hazel (Repeat) 0 3.30 Diary of Events (Tamil) 0 3.35 Afternoon Matinee Happy Anniversary (Pt. 1), starring David Niven, Mitzi Gaynor, Carl Reiner. Patty Duke. 4.20 Intermission 6.00 PM Opening announcements followed by Harold Lloyd's World of Comedy 6.30 News
      265 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      253 7 ss HOTEL MERLIN SINGAPORE 7500 Beach Road, Singapore 7 Tel: *****11 MING COURT HOTEL Tanglin Road, Singapore 10 Tel. *****3 OBEROI IMPERIAL HOTEL I Jalan Rumbia, Singapore 9 Tel: *****6 ORCHID INN 214 Dunearn Road, Singapore II Tel: *****2 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6. PENINSULA HOTEL
      253 words
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      Page 7 Advertisements Column 2
      0 7
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      44 7 BriStcJW: Frank Hi ckenS oow, use*. rve got -rue UJ'SHSQMG- > NVZy I ComefMXXb NOU W? BCISTOU) Pull rt o>»TH <V\£ TvAe OJC TUfYT GJ€IS TH€ SIGGj£JST GND OLD YOU LUCXy OLD SNOVJ i UKSH "m«r OH -fce SHtOKC Of miDDIGHT turn una v pQuce^*:
      44 words
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  • MARKET REVIEWS
    • Article
      Investors not yet ready to take the plunge
      955 8  -  r < SINGAPORE < »y PETER CHIA CffUTIOUS optimism reigned on the Stock Exchange of Singapore last wM. While most investors remain confident that the ppmary uptrend is still Intact, they were hesitant aWout plunging In Just yet. The primary worry was
      955 words
    • Article
      Rising in the face of more bad news
      617 8 r NEW YORK THE stock market pushed higher last week In the face of n normally negative developments. These ranged from Intermittent weakness of the dollar in currency dealings abroad to a government pronouncement on the home front that consumer prices climbed
      617 words
    • Article
      Index at a high
      232 8 r SYDNEY THE Sydney share market had a week of opposltes with the strength of leading mining and Industrial stocks and a boom among speculative stocks taking the All-ordinaries index to 501.05, the highest level since August, 1976. However, a bout of profittaking sent prices of
      232 words
    • Article
      COMPANY NEWS for the week
      408 8  -  ENDED JUNE 2 COMPILED BY TEO TECK WENG SCRIP ISSUE Malaysia* Feedmllle Limited Proposed bonus issue of one-for-four, capitalising $2 S million, and rights issue of one-for-four at par, raising $2.5 million. OTHERS Selaagor Dredging has Informed the Kuala Lumpur Stock Exchange of Its intended
      408 words
    • Article
      Market heads for higher ground
      671 8 r HONGKONG L AFTER a very slow start at the beginning of the week because of fears of higher local interest rates and the closure of London and US stock markets, the market found Its feet and contlnued to gain ground. For the week cn
      671 words
    • Article
      Measuring the first love of analysts
      1253 8  -  LONDON »y GERALD COLVERD THE fact that the majority of economists are male might, In course of time, provide a statistic explaining why they Invariably return to their first love of analysis inflation. The emotive response to Immature measurements of the truth by modern
      1,253 words
    • Article
      MODERATE BOOST
      326 8 r TOKYO A NUMBER of bright signs on the economic scene, coupled with the longawaited relaxation of margin requirements, boosted prices on the Tokyo stock market moderately this week. > The 225-stock Dow Jones 1 average, a 31.08-yen gainer the week before, rose 50.49 yen to 5,485.76. >
      326 words
    • Article
      Share prices close easier
      1104 8 f < K.LUMPUR A HEAVIER Inflow of scrip into broking houses, combined with profit-taking and some forced selling by weak holders produced an overall easier week on the Kuala Lumpur stock market. Some attempts were made to push prices ahead midweek but with the market remaining
      1,104 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      220 8 WEARNE BROTHERS, LIMITED (Incorporated in the Republic of Singapore) The Directors of Weorne Brothers, Limited have declared an interim dividend of 5 cents (1977 5 cents) per $1.00 Ordinary Stock on the capital as increased by the recent scrip issue of one for two, less income tax at 40%, in
      220 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Philippine-South Korean cement venture
      177 9 PhilippineSouth Korean cement venture A SOUTH Korean chemical company has entered Into a Joint venture wlth\t Philippine firm for the manufacture of white cement and allied products in Manila, the government announced. The official announcement said President Ferdinand Marcos welcomed the entry of Oriental Chemical Industry Co. of Korea Into
      177 words
    • Article
      NSC counts on domestic recovery
      225 9 r ASIAN h NIPPON Steel Corp declined to make Its profits and sales forecast for the year ending next March 31, saying much will depend on domestic economy recovery. It earlier reported a 45 per cent fall In its after-tax profit In the year ended
      225 words
    • Article
      HONDA INCREASE
      139 9 HONDA Motor Co., a major Japanese motorcycle and car maker, and its 132 subsidiaries and affiliates registered consolidated net profits totalling 27,494 million yen for the year ended February, 1978, up 13.9 per cent over the previous year. According to a Honda financial report, the Honda Group's consolidated
      139 words
    • Article
      General Mining and Finance up
      189 9 JOHANNESBURG: General Mining and Finance Corp expects satisfactory results in 1978, with company Eitlng profit slightly sr. chairman W.J. de rs said in the annual report. In 1977, pretax profit rose to 113.9 million rand from, 108.8 million in 1978, on turnover of 873.9 million
      189 words
    • Article
      Petrocon depends on foreign orders
      207 9 SOME recovery by Petrocon Group la looked for In 1978. says Mr. Peter O.P. Hodgson, the chairman. Since investment In tbe U.K. Is not expected to rise this year, results will derd on he group's ability win orders In overseas markets, he adds. Figures for
      207 words
    • Article
      Lock icon Chevron abandons North Sea well
      185 9 Reuter CHEVRON Petroleum (UK) Ltd said It plugged and abandoned a recently drilled exploration well on Block 2/10 in the North Sea, south-west of Chevron Petroleum's Nlnlan field. The block was part of a recent farm-In agreement between Chevron Petroleum (UK) Ltd. the British National
      Reuter  -  185 words
    • Article
      BP first fall expected
      636 9 f EUROPEAN BRITISH Petroleum Co Ltd's first quarter net Income Is expected to be between £90 million and £100 million against an estimated £115 million In the first quarter of 1977 and £85 million In the final 1977 quarter, oil company analysts said. The forecast is
      636 words
    • Article
      Natwest issue largest
      80 9 THE National Westminster Bank Ltd 12-year US$l25 million floating rate note issue has been Increased to 1150 million, making it the largest floating note Issued, County Bank Ltd said as lead manager. The Issue carries a coupon of K per cent over the *1* month London Interbank
      80 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Frankfurt stocks rise
      475 9 FA R< X MA A7\7-.7N' EUROPEAN bourses closed generally mixed on Friday. ■FRANKFURT share prices rdse on balance, with Institutional investors In particular showing buying Interest, though turnover was relatively confined apead of the weekend, dealers said. Neckermann rose 2.60 marks In stores, while Bayerlsche VM-elnbank led
      475 words
    • Article
      Amsterdam
      166 9 JUNE «2 FU ABN Ahold Ak*> AMEV Amfu Am rot Bank isrBoll Borsumlj Burhmann Byenkorf Calve Delft Dell Ml J Ennta Fokker Ford Gamma Qelder □utbroc Do bain Kapaqrir .Heineken Holland-Am Hoofovens Hundou -HVA IHC Intn Muller KLM KNSM Meneba Mid bank Naarden National Ned Ned Scheepvaart Pee Orlnten
      166 words
    • Article
      Paris
      251 9 JUNE 92 Fr» CORBQLLE Air-Uqulde BSNOervals Danone CSF(ThomsonC»f) Cle Francalse des Petroles •Compazine Financier* Compazine Generate Credit Fonder De France Jtachette (Llbralrte) Machine* Bull MicheUn (B) Parlbaa -Pechlney Clflne KutUmann Peufeot-Cltroen PhUlpe (Nt Oem Bestt) MMmhSA .Rhone-Poulenee SA Royal Dutch -SueXCleFlnan Dt> Thomson-Brandt L'slnor 298 568 247.50 131.50 —I
      251 words
    • Article
      Milan
      96 9 JUNE *2 Lire Anlc 96 Assoc Gen ***** unch Bastogl 462 -4 Centrale 3640 60 Flat 1820 -7 Flnslder 94.79 unch Gen Immob 75 2S -1 IFIPrt 2120 -6 Itaicemenu ***** +91 Italgas 700 -IS Italslder 174.50 -4.2S Magnet! M PI 472 -7 Mare 111 Ere 288 -1.5 Medlob
      96 words
    • Article
      Frankfurt
      193 9 JUNE *2 Dm Aef-Telefunken 82.20 +2.5 Akao 28 50 -0.4 Alls Leben 825 Alii Vers 488.50 1.5 BASF 130.80 -0.1 Bay HTWbank 273B Bay Vbank 302 +5.8 Bayer 130.80 +0.2 BBC 289.40 BMW 237 1 CasaeUa 348 +4 Chem Verw 241B Commenbank 220 50 +2 5 Contl Oumml 75.50
      193 words
    • Article
      Brussels
      94 9 JUNE *2 Fr» FORWARD MAR! LET Acec 278 unch Arbed 2325 -90 Astur 944 2 Brascan 485 -7 Bru-Lamb 1500 10 Canpac 544 Cock 425 •15 De Beers 171 unch Ebes 2220 unch Electro bel 6350 -40 Ob-Inno-Bm 2015 unch Gev 1310 10 Hobok 2235 -20 Petro 3845 -5
      94 words
    • Article
      Zurich
      183 9 JUNE «2 Francs Actions Sulsses 258* H Alusuisse Br 1275 10 Alusuisse Reg 513 unch Brown Bovert Br. 1600 +5 Ciba Oetcy Br 1115 -15 ClbaOelgyPC MO ♦5 Ciba Oeigy Reg. Credit Sulue Br 598 2115 -2 10 Credit 8uUae Reg 403 -1 Dektrowatt Br. 1050 George Fischer Br
      183 words
    • Article
      Selected indices
      36 9 financial man INDUSTRIALS Friday «7*J TWuwday 47&J Wwk An m.1 DOW PONES AVERAGE INDUSTRIALS Friday M7J4 Thursday Wmk Am LONDON DOLLAR M*. Ml. to 1 79 m M PREMIUM Friday IMS to Thursday IMVk
      36 words
    • Article
      Broadly higher
      1303 9 NEW YORK HOPE that the worst news on Inflation may already be out helped push stocks broadly higher In active trading on Friday. The rise capped a holidayshortened week In which the market posted a solid advance. US unemployment rose to a seasonally adjusted 6.1 per cent In
      1,303 words
    • Article
      Toronto
      288 9 SHARE price* closed higher in active trading on Friday, with the Composite Index up 3H points and advances leading declines 244 to 183. Eight subgroups were higher, with financial services, industrial products and oil and gas posting the strongest gains. Communications fell more than 10 points. Canron, Involved In
      288 words
    • Article
      Jo'burg
      273 9 GOLD shares were mixed In thin trade after an Initial easier trend on Friday. Dealers said they noted selected London interest moved some issues harder but where this support was no evidenced shares tended lower. Mining flnanclals fluctuated around previous levels In small trade. De Beers was unchanged at
      273 words
    • Article
      Tokyo
      384 9 SHARE prices closed slightly higher on Saturday In active trading with low-priced shares leading the way. Dealers said the Dow Jones average rose 5.21 to close at 5,485.78 with volume of 210 million shares. The Tokyo Stock Exchange Index closed at 4O0.& up 0.33. Machines continued to ad-"-vance reflecting
      384 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      326 9 An explanation of the side-effects of protectionism Just look at one of the 6 monthly reports, which together make up the Asia Research Bulletin, and what do we find? Taking up the latest issue of Report 3, which covers Foreign Aid, Trade and Investment, we find five long and seven
      326 words
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  • COMPANY NEWS
    • Article
      British brokers back H and C
      640 10  -  ■y GERALD COLVERD i> Ls«4m A STRONG recommendation for both existing shareholders and investors to hack the planned £124 million merger between plantation owners Harrisons and Crosfleld and Harrisons Malayan Estates has been circulated by leading London stockbrokers, Montagu Loebl Stanley and Co. A
      640 words
    • Article
      Lock icon A different view...
      649 10 Financial Time BROKERS in the Par East are coming out against the Harrisons and CroofiaM bid for Harrisons Malaysian Estates but the efltar looks likely to succeed on UK aecsptaacos alone. Today is the first closing data of the The most vocal sustain Apposition comes from Mr.
      Financial Time  -  649 words
    • Article
      DIVIDENDS ANNOUNCED
      811 10 Current payment Ex Date Books close Date payakle Tstal to tke year Tstal to previous year Shall UEfPref.) UE (Ord.) KlnU Kellu C aid C 7*% 7*% 10% 500%(n) 10HI May 2 May 12 May 12 May 10 May 19 May 12 May 19 May 19 May 23
      811 words
    • Article
      SCRIP ISSUES
      207 10 ClllMT Particulars Ex Date Books Close UiMPIuUlin Main TUOMI Great Eaitan Lift MtlvuFW 8«ratteTta4Mc arssaMSba* llwHw Bonus lwue of 1 for 10 Bonus Issue of 1 for 3 Bonus Issue of 1 for 3 Rights Issut of 1 for 7 fill-3ft psr share Bon us Jssue of 1
      207 words
    • Article
      COMPANY MEETINGS
      430 10 Kucha! Tin Bbd: AOM to be held at Room 2, 6th Floor, Foh Chong Building, Jin Ibrahim, Johore Bahru, at 10.00 a.m. today. Sigma Metal Company Ltd: AOM to be held at Apollo Hotel, 18th Floor, Conference Room, at 12 noon on June 6. Malakoff Bbd: AOM to
      430 words
  • Article
    SHARE INFORMATION SERVICE
    2623 10 !«7* Bffk Urn Laet +er(M K OH DH Cer Gfs Y*M Net P/B Week V«l C888) W* Leer Mtiiun una INDUSTRIALS 189 214 m as* 83 215 235** 236 408 432 132 123* 112 196* 80s 182 173* 144 258 394 Acma Alcorn Allied Choc Bate Ben
    2,623 words
  • Article
    CHICAGO BOARD OPTIONS
    1389 10 June 2 VOLUME on the Chicago Board Options Exchange eased to 97,440 contracts from 107,344 contracts on Thursday. omo* Jbr oct mm rroc* Alan m t vi M ram Moat M t l* 1 im* it I 1 li/l <1 Km Tm it T OVTRD ML 1/3
    1,389 words
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  • MONDAY SPORTS
    • Article, Illustration
      Lock icon All strung up over spaghetti racquet
      1098 11  -  By RONALD ATKIN The Observer LONDON: By proposing to harden Its temporary ban on the controversial doublestrung "spaghetti" racquet Into a permanent one the International Tennis Federation seems to have guaranteed a lively occasion when it stages its annual meeting in Stockholm immediately after
      The Observer  -  1,098 words
    • Article, Illustration
      Lock icon Snow storming the Buran way
      94 11 NPA BURAN riding it a winter game not registered yet in the Soviet Union as a sport, but despite this, it has thousands of fanciers, especially in the town of Rybinsk (Yaroslavl region, Central European part of the Russian Federation), where the "Buran" (Snow Storm)
      NPA  -  94 words
    • Article
      SICC manage to pip Sembawang
      345 11 IN a game of high scores yesterday, the Singapore Island Country Club team Just managed to edge out Sembawang by one stroke to win the Singapore Golf Association Premier League at Sembawang yesterday. The only SICC player who showed anything like his old form was
      345 words
    • Article
      Lock icon Blind golfer shows how he does it
      551 11 UPI BIRMINGHAM (Alabama): Blind golfer Charley Boswell, winner of 17 National Blind golf tournaments. sat behind a desk in his insurance office illustrating to a visitor how a "coach" sets up his shots on the golf course. Boswell, 61, placed an ash tray
      UPI  -  551 words
    • Article
      Lock icon Irishman is teaching Italians how to drive
      498 11 UPI VALLELUNGA, (Italy,): Henry Morrogh, a County Cork Irishman has taken on what some might consider a foolhardy and unnecessary task: Teaching Italians to drive fast. As anvone who has driven In Italy and seen cars screaming past them at 160 kph or
      UPI  -  498 words
    • Article
      Lock icon Knowing when to quit is half the battle won
      781 11  -  By PETER DOBEREINER The Observer LONDON: It has been observed often enough that sportsmen die twice. The first, or professional death can be a traumatic business. The game washes them up on to the beach of an unfamiliar world and for
      The Observer  -  781 words
    • Article
      Lock icon SOVIETS ENTER GOLFING WORLD
      547 11 AP MOSCOW: Robert Trent Jones, the golf course architect, says he believes the Soviet Union's only golf course can be a spectacular one. He also thinks the game will lose Its stigma as a capitalist pastime once the Russians start playing. Jones, who has built 400
      AP  -  547 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      173 11 CREDIT OFFICER REQUIRED FOR A MAJOR INTERNATIONAL BANK The Singapore headquarters for the Asia/ Pacific Division of this major Canadian Bank is seeking candidates for the position of Credit Officer in its Credit Deportment. The successful candidate is likely to be between 24—30 years of age and possess the following
      173 words
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      Page 11 Advertisements Column 2
      115 11 Iw'cfcf' 'i/' Ah, fill the Cup —what boot* it to repeat How Time is slipping underneath our Feet Unborn To-aomow and dead Ybvomy, Why fret about them if To-mv be sweet! Que la ros*e est gaie au printemps sur la rote, Quand i'Aim<e, en mes bras, sur l*berbe se repose!
      115 words
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  • Article
    Sisir picked by wool secretariat
    448 12  -  QUALITY CONTROL JOHN LIM TtlE Singapore Institute of Standards and Industrial Research has agreed in principle to act as an International Wool Secretariat (tWS) quality control centre, following dlscusslons here last week with Dr. Fujio Bekku of the IWS Asian regional headquarters in Tokyo. Dr.
    448 words
  • Article
    KL-LIBYA COMPANY
    98 12 MALAYSIA and Libya have agreed to set up a US$2O million (about Ss46 million) holding company to undertake Joint ventures in either countries. The holding company, when formed, would consider various ventures In rubber, palm oil, timber and manufacturing. One project which has been identified as a possibility
    98 words
  • Article
    KANSAI UNITED TO BUILD NEW FACTORY
    361 12 KANSAI United will be building a new factory at its Jurong site to replace the one destroyed by fire earlier this year. The production capacity of the new plant will be expanded by about 50per cent, according to the managing director, Mr. Lim Chlng
    361 words
  • Article
    Discount houses assets jump
    266 12  -  »y SOH TIANG KING TOTAL assets of discounts houses in Singapore have soared to $720.9 million at end-April, representing an increase of 25 per cent over the same month last year. Treasury bills, amounting to $317 million, form the bulk of the total assets, according to
    266 words
  • Article
    Lock icon Raw deal for Australia and others spells trouble
    651 12 NYT PRIIIf MbHk U. Ixilm Fraser of Australia voiced apprehension at the weekend that his country and other commodity-ex-porting countries would not benefit from the multinational trade negotiations nearlng conclusion In Geneva, and that, as a result, world economic recovery would lag.
    NYT  -  651 words
  • Article
    Thais to have stake in Aokam
    227 12 THE Introduction of Thai participation Into a Malaysian tin mining company, Aokam Tin Berhad, will be discussed at a board meeting of the company In London today. Aokam is a company In the Malaysia Mining Corporation stable and MMC's chief executive, Rahlm Akl, who
    227 words
  • Article
    Multi-call telex now available
    140 12 THE Telecommunication Authority of Singapore has made available a multi-ad-dress telex facility to subscribers from last Friday. The multi-address telex is available on a 24-hour basis to destinations with which Singapore has telex service. The calling party can be connected to a maximum of nine called
    140 words
  • Article
    Lock icon Five main issues for Asean ministers
    293 12 Reuter PRESIDENT Saharte of Indonesia yesterday jbdamdepsatfcs ■iirtH la Jakarta. After the official oponiag at the Merdeka Palaee, tke ministers moved to Hotel ladoaoeia Sheraton tor their talks. The mala prooeenpartea of arfaiotors aad their coaler advisers are tke eeasidoratloa aad adoption ef reports
    Reuter  -  293 words
  • Article
    Lock icon Forex bankers predict gold's continued role
    538 12 Reuter LEADING foreign exchange and bullion bankers predicted a continued important role for gold as a reserve medium while debating the future role of the metal at the International Forex Association annual congress In llunlch. Participants, Including both commercial and central bankers, said while
    Reuter  -  538 words
  • Article
    Lock icon INDIA SELLS 1.2 TONNES MORE
    170 12 Reuter THE RESERVE Bank of India sold about 1.2 tonnes of gold In its third auction to 586 successful bidders. The bank sold 1,204,400 grammes of the metal at prices between 631 and 665 rupees (***** and 6163) per 10 grammes. Tenders were received on
    Reuter  -  170 words
  • Article
    Lock icon Alarming rise in US textile imports
    143 12 AP AN INCREASE In textile and apparel Import Into the US this year underscores the need for a Federal programme to protect the jobs of American textile and apparel workers, a top textile executive said over the weekend. George Wlno, chief economist for the
    AP  -  143 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      245 12 The SGV Group Managwnent Consulting Services INDONESIA The Kiwi International Company Ltd which manufactures and markets housahold products in Indonesia raquiras a Managing Director for their Jakarta operation. Responsibilities: The successful applicant will be totally responsible to an International Zone Director for the profitability of the operation and for administering
      245 words
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      Page 12 Advertisements Column 2
      48 12 ATTENTION! BUSINESS TIMES READERS A complimentary copy of THE ASIAN WALL STREET JOURNAL, is enclosed with your issue of The Business Times this morning. We hope you will take the time to read it. And to take advantage of the special subscription offer. THE ASIAN WALL STREET JOURNAL
      48 words
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  • Article
    SHIPPING TIMES
    3019 13 gemPBLE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates bf arrival and departure from Singapore port. ScaaDntch has a Joint service arrangement with
    3,019 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      436 13 Scan Dutch V Fast and Regular Service To/From N.C. /SCAN/W.MED7(U.K. i Every 10 Days. Singapore: Tel. *****, Port Keiang Tel. *****1, Kuala Lumpur Tel. *****. Penang: Tel. ***** SHIPPING STRAITS TRANSPORTATION PTE. LTD COMPANIA NAVIERA MARASIA, S.A. LAURO/VICEROY/GLOBAL JOINT SERVICE Mocnwcir monthly dhect servke to imm. iagos SiapßW* My 14/
      436 words
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      Page 13 Advertisements Column 2
      421 13 V*. SHARJAH SHIPPING CO LTD U -UNIT» O tRAB E W »A T {S flHll SHIPPinG Lin€ _y-* i UNITED *S«B EMIRA'ES GULF SHIPPING LINE (UNITED ARAB EMIRATES/ ,n;"» iijji K a t > SMARjAH SHIPPING S PTE I'D ORIENTAL SHIPPiNG CORPURA'-ON Vth Floo< Aieng Hoc Biflg «UAIA LUMPUR Til
      421 words
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      Page 13 Advertisements Column 3
      279 13 MAN SOON SHIPPING TRADING CO PTf ll[) 5 jl" wu S "»f POHTMUM6 KMM (HSCNMGE FONTS 3/C (/< UtNOM. MHRT. TO IWOfI TPftE* tICKMtn TMOSUSTEIK K/t 21/1 ■LOM. MIMO mmv MK*. HMMWK RUSSE L SH( IM < i I IS/I 1? I n i now iiii»o TDm* tanks wlrtli M
      279 words
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      Page 13 Advertisements Column 4
      195 13 EVERGREEN LINE if VE RCiRE E N VARINE CORPORATION FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FUll CONTAINER SERVICE rpm mm PwISM Umml fm Ii iii i aammmry 7Mm ntm aim 27 mm im» Jm» **r MEENOUSSIK niM 1IM) 14 Mr MMy It Mr nm 23 My EVEIMANOSOM 2»M» Jta! 7ta|
      195 words
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      Page 13 Advertisements Column 5
      25 13 Nedlloyd Lines Regular Uner Services To/From All Parts off the World. Singapore: Tel *****. Port Keteng: Tai *****1. Kuala Lumpur Tel. *****. Peoang TaL *****
      25 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      482 14 SHIPPING MMMi 7/6 25/6 1/7 13/7 4/7 C/ 7 Mk 13/« 10/7 11/7 18/7 13/7 12/? 29/8 30/6 29/7 17/7 30/7 4/8 26/7 29/7 NM* 16/7 17/7 U/8 4/8 11/t 21/S 18/S 16/1 MMk "877 24/7 27/6 9/8 19/8 24/8 16/8 FULLY CONTAMEttSED TO Utt/CMUM tato PUMI W M Q
      482 words
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      Page 14 Advertisements Column 2
      771 14 a SANKYO LINE) AUSTRALIA SERVICE PU« SwUHn LM«^tar SEA BLOOM THKESTM 11/13 JWH WIS JNNR [*1 13/ IS Jw* N/12 km 29/39 hm lIH% km tK.mi.Vlt. BANGLADESH SERVICE MV SKY 11/19 JUL* IC/17 lIM.Y CHITTAfiOiI6, CHAUIA GENERAL AGENTS Jtmm j HTMWtS £S PTE LTD SINGAPORE TEL *****44/7 A *****70 K
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      341 14 Ta 'LAND U.SA/ ASIA 40TH FLOOR hong IEONG BIDG 16 RAFFLES QUA* SINGSPOR! i 800k i?2's?22 "erminal ?Vil37 FULLY CONTAINKRISID SERVICE 60 mm MtM to Km Middle East PRIORITY BERTHING t DISCHARGE AT ALL PORTS ALSO ACCEPTING CARGO FOR BAHREIN AND ABU DHABI Kim /HIPPtftG Lf TftflOMG PTI. LTD ft
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      Page 14 Advertisements Column 4
      527 14 Everett Lines "BURMESE NATIONAL LINE' BFS S C Agann in Motoyuo TEPS MALAYSIA Port Katong Tat 00V7359 Ptnong T«l *****/***** rimpinii ni|i 1 ire, rii niiin t > fjp "ARGENTINE-NATIONAL LINE" IMOMC fOt CMMM CWOOMI »OOS MCS > 9 MwitiiM Mwic— S. A. S "MEXICAN NATIONAL LINE" FAR EAST/MEXJCO A
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      Page 14 Advertisements Column 5
      296 14 I a JARDIM \U Orient Overseas CtmlaweA. Line FIH.LT CONTAINERISED m Vim FROM EIIROfE (WA SUEZ) W* H/4 11/2 ill ?3/t I 29/1 1/3 5/7 7/7 10/7 12/7 U/7 M/ 7 17/7 M/ 7 21/7 23/7 21/7 5/7 an a/7 l/t vt I (STRAITS CARGO VIA FMDSR TO/FROM HOfO KOHO)
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      1014 15 nCL Oversea* Containers Limited Htw« trtm it S'M fun P. Kaiaaf •'■art taa. A'werp Havre U.K. MM H I* 1 M I M M i W II la MM»MIIMUMI4MMM M 27 M II M II M MW Ml II M H'kurg bn. rtm Havre Ston P. Kelanf S>> tat PprM:
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      987 15 Ben Ocean Ajctttsernadßmhi)&BkißßmtKi(3enlineandNSMO T» w/miiww tut i tM«m P. um 'm"t E*w VI im S/ IMm I Mly Lisaon Inaoet. Tilbury. Natt It/.) Mm a/a Mm n/ll Mm 1? MM BiWao. Aiaat Mtm. UIUSMI--1/ 4MM 1/ SMM J Aag Litbon Uiun, T.lawo. FRSM SK/UNTIMNT (Td tMU Stilt Enw hunt HUl**
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      Page 15 Advertisements Column 3
      454 15 Q SEN ASIA COMBINER SERVICE Sport P. Rtto*t Penanf "WU asimpuasm «a iSm «m~; JJ— MUM MAN «7 11 Me HIM ASIAN PIINCESS HI" »W* "W, 14 S'PttE KM UK nnu LL KM UK ***** P lEIAM KM UK PtMM POMS WSC JUGOLINIJA EAST —RIJEKA remur soma re ukutic am
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      Page 15 Advertisements Column 4
      705 15 Scan Dutch V FaaPai tnm P. MW| Vessel IliM MNM lUIMU 11/1 an MM nwnu n/ m luumi a WKiKi I EIUMU 1/1 iimbiiKiiM aMMsnif|«a«i (/i n/t a/i m i W 1/1 VI 1/ I I w/ i »/1 i?/ > tv 1 i£U 111 i7F ei U ctwt 2)
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      Page 15 Advertisements Column 5
      384 15 GUTHRIE BOUSTEAD THE BANK LINE LTD ES OR LY LINE DPKJt SQVICt MECT Pitt MLVESTW. p ri^i STELLft ITUt (tUCk I IM| 12/11 kUTN IV4CS (Ln*t) V 4 SINGAPORE *****4 PT Y ELANG 38b30 KUALA LUMPUR ***** 1 3fc>23C FESCO LINES FESCO STRAITS PACIFIC LINE fl PACIHC WITH > WIT
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      820 16 K LINE KAWASAKI KISEN KAISHA. LTD. H9H83E*****8i (VIA SKZ] by tmtmm hnb S'nore P. Ketone L.Havre Hlwf Bremen If dam A 'were MEBCATN NT I Jan llm 111 m XJw 1M» 2My *M| ORIENTAL CMEF IS 15 JaM 11 Jaaa 5My 7My •My I Miy 11 My "■MKEWW 211 m
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      Page 16 Advertisements Column 2
      1018 16 E.C.-U.S.A./ATLANTIC/GNU SERVICE UtEPTIW FCt/LCL CMTAINEB FMM STME. P. HUM. W "A VKSSKI" 11/11 P. WM| MIWM Ptaat a/a Mf n/a j*t, a/a E.G./GREAT LAKES SERVICE •i.i. mtswk" (nrja a sco ivitmL* wataM 2i/a'»Ma M/MM CALIFORNIA /PACIFIC NORTH WEST SERVICE La** fan US UK (US. SM fMtUtl. SUTTU, IMM, VMMMU. IX
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      Page 16 Advertisements Column 3
      898 16 NEPTUNE ORIENT UNES LTD "FULLY CONTAINERISED SERVICES: Ti amn MA srezt S'pore P. Kelang S'hamptoa H'bgrg Bra*. MEtCATBR? llm IJm 21 Jm »)M IMy •RtEOTAL CXIEf ISJm 11 Jm IMy 7My •My SEVER SEAS RMK 21 Jm Sim •My QMy 14 My •RJERTAL RESEARCHES 21 Jm 21 Jmo IBM* aMy
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      Page 16 Advertisements Column 4
      424 16 MALAYSIA* *m*HATKHAI CORPORATION B&HAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/UK/CONTINENT/SCANDINAVIA ■EST M EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tf. Mwi t. U'MC Ptaaag Leafcag Mr MMU MUTI WM Mm 11/11 Mm Htar| 8,-7. C4.1/LM* 8/7. Mm 14/7, tarn 17/7 Mbari l»/7. Ipool a/7. MMU MBit 11/11 MM 11/14 MM Mlaff
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      Page 16 Advertisements Column 5
      585 16 INTRASEA (PTE) LTD ivrnut (nt) lt» man- m nt tarrm* a tbmim aaaa. Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P. Kelang Lntfaf far: SWWY STONfT V. IA II JaM IS Jmb Brisbane/Sydney/ Melbourne Adeline. s idiiii mutti (nt) LTt -aurt-MMiM—naifr TM umnm a rutim imi mm r ALPAC LINE SOUTH AFRICA
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