The Business Times, 4 April 1979

Microfilm: NL10129
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES No. IM/1/79 WEDNESDAY, APRIL 4,1939 SO CENTS
    9 words
  • BRIEFLY...
    • Article
      Lock icon Row over Leyland
      48 1 Reuter LONDON, Tues. British Ley land, Britain's state-owned motor giant, sparked a political storm today when it confirmed it is negotiating to manufacture cars for a Japanese rival. 'Hie ailing company announced it is riisrnsging a link-up with Japan's third biggest car producer, Honda. Reuter
      Reuter  -  48 words
    • Article
      Lock icon Fewer orders
      53 1 Reuter TOKYO, Tues. Shipbuilding orders awarded to Japanese shipyards by both domestic and overseas owners during fiscal 1978 ended last month dropped compared with the previous year. The Japanese Transport Ministry said the orders, based on contraction approvals by the Government, totalled 251 ships amounting to 3.22 million
      Reuter  -  53 words
    • Article
      Lock icon Industrialists' hopes
      67 1 AP NEW DELHI, Tues. South Korean industrialists, facing an increasingly tight labour supply at home, hope to continue winning West Asian construction contracts through collaboration with labour-abundant India, a visiting business delegation from Seoul said today. No specific undertakings are now under consideration but Mr Chung Ju-yung, chairman
      AP  -  67 words
    • Article
      Lock icon Loan to China
      91 1 Reuter TOKYO, Tues. Japanese banks are expected to approve a plan soon to supply the Bank of China with a US$2 billion (554.34 billion), 4-1/2 year loan at 0.5 per cent above London inter-bank offered rate (Libor) and a $6 billion six-month revolving refinance facility at 0.25
      Reuter  -  91 words
    • Article
      Lock icon Oil hoarding
      69 1 Reuter BANGKOK, Tues. Thai Prime Minister Kriangsak Chomanan has issued an order aimed at preventing oil hoarding and profiteering. The order prohibits any one exporting diesel oil without Commerce Ministry permission. The order also prohibits oil stations or distributors from over-charging on benzine or diesel oil or asking
      Reuter  -  69 words
    • Article
      Lock icon Talks in Peking
      76 1 Reuter HONGKONG, Tues. Singapore's Deputy Prime Minister Goh Keng Swee today held talks with Chinese Vice Premier Gu Mu in Peking, the New China News Agency reported. The agency, monitored here, said other officials taking part in the talks were Singapore's Minister for the Environment Lim Kim
      Reuter  -  76 words
    • Article
      Lock icon Dow Jones
      56 1 AP NEW YORK, Tues. The stock market rose in active trading today, steadying after the decline of the last two sessions. The Dow Jones average of 30 industrials was up 1.82 at 857.07 in the first half hour. Gainers took a 3 to 2 lead over losers among
      AP  -  56 words
  • Chief Price Changes
    • Article
      SINGAPORE
      133 1 Rises Rosy Elect 298 70 t'ld Malacca 450 32 Olvmpia 181 18 Sel Properties 256 13 Spore Glass 198 11 Seacorp 900 10 Straits Trading 605 10 S T P 1975 620 5 H Royal 125 5 DBS 474 4 Keck Seng 248 4 Falls S P P L
      133 words
    • Article, Illustration
      KUALA LUMPUR
      153 1 Falls High Low 380 -26 Sg. Besi 945 -25 S. Kinta 680 -20 Tronoh 885 -20 Petaling 800 -15 Berjuntai 805 -15 M. Cement 302 -10 Rahman Hy 428 -10 Guiness 520 -10 Rises Bt Katil 460 140 Fand N 550 20 K.Kampar 338 18 Olympia 181 11
      153 words
  • Article
    Labour pinch is looming large
    661 1  -  GOVT STUDIES JOB CARD By FONG MEW LENG SOME recent trends in the Singapore labour market portend an acute shortage of both skilled and semiskilled labour in June. The electronics, the textile and garment industries will bear the brunt of the shortage again. These industries
    661 words
  • Article
    Lock icon Dollar hits 9-month high
    263 1 Reuter. THE US dollar surged to a nine-month high against ■the yen in record-breaking trading yesterday as it jumped more than three yen from yesterday to close at 214.40 yen. The Bank of Japan failed to control the soaring US currency although foreign exchange dealers estimated
    Reuter.  -  263 words
  • Article
    Petrol price on the boil soon
    468 1  -  By COLIN CHEE SINGAPORE'S private motorists may face a substantial petrol price rise this year more than 14.5 par cent should the Government accept in toto price adjustments proposals to be made by oil companies within the next few weeks. Industry sources say that
    468 words
  • Article
    AVIATION FUEL IS RUNNING OUT
    377 1 SHELL has informed several air charter companies and flying clubs that its aviation fuel stock will run out in two months. This has brought about a restriction on the frequency of flying among flying schools and aerospace companies. Besides a shortage of aviation fuel, turbine
    377 words
  • Article
    Factors that keep yards in Republic afloat
    256 1 THE ipetU characteristics el Ike fllagapwr shlpMMhg ladastry have saved It tram safferlag the Ml effect «f the depressed iateraatlaaal shlphalldlar ladastry. Betag ta the small to median capacity range, yards here are able to seeare eaatracts far vessels whsst d—d are aat
    256 words
  • Article
    Final touches to study on Chinese newspapers
    413 1  -  By RONNIE LIM CHINESE daily Sin Chew Jit Poh is now undertaking two separate studies including one on the future of Chinese newspapers in the Republic which is expected to be completed this month, sources said yesterday. The other study concerns the viability
    413 words
  • Article
    Lock icon AIR FARES INCREASE
    80 1 UPI INTERNATIONAL airlines yesterday announced a 7 per cent increase from May 1 on ali passenger fares and cargo rates in most areas of the world to compensate partly for the rising aviation fuel costs. The airlines said lower tariff increase of 5 per cent will, however,
    UPI  -  80 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      32 1 whatever you noed in menswear.get itat... (Mm MOHAN'S DEPT. STORE (PTE.) LTD. 321. Orchard Road TW *****22 (nut to Mandarin Hotel) Branch 101, TanqHn Shopping Cantie *M23BtMO Daily :9am-9pm SEE THIS PAGE
      32 words
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      Page 1 Advertisements Column 2
      96 1 FRATA NEWS GBN LINE COMBINED CONTAINER AND BREAK-BULK INDEPENDENT LINER SERVICE SINGAPORE TO LAGOS ALSO ACCEPTING CARGO FOR PORT HARCOURT, COTONOU, DOUALA, ABIDJAN, MONROVIA, AND TEMA. (Subject to inducement) NEXT SAILING MV YUE FLOWER ETD SINGAPORE 15 APRIL WITH 25 DAYS VOYAGE ETA LAGOS/APAPA 20 MAY THROUGH THE LINES OWN
      96 words
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      Page 1 Advertisements Column 3
      71 1 LeMer...Pigc I SHIPPING TIMES NEW eeatre to replace Se&p-HARD-SELL te««i I* li towi 2 MALAYSIA towktog ea demee ttc irm«M J NO mere f tovnri to D 8 takeovers C THE tavMMe mtoerity to US THE «wy «f ICS's chief tore* PLANTATION irtoeks leek geed. 11 TELECOMS wea't eempete with
      71 words
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      Page 1 Advertisements Column 4
      2 1 Leader Pmge <.
      2 words
    • Advertisement
      Page 1 Advertisements Column 5
      177 1 ~[-('~}@~<?&?&<[`{?(!`}/-'`%>>+ Any person sealed at this desk can do the work of three people Yes, one person to handle all customer accounts. Calculate and complete invoices. Prepare statements. Process payroll. Control the ledgers. Control stock flew. All these procedures completed at electronic speeds with electronic accuracy. The same person is
      177 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      544 2 COURSES AMD TALKS Feb 5-Apr 14: Diploma in Life Insurance, SITC, SITC March-July: Personnel Management Concept Scope and Functions*£foliday Inn, Personnel zrtid Organisation Development Mar 20-April. 6: Manpower Planning and Employee Recruitment, Holiday Inn, Personnel and Organisation Development Mar 26-April Income tax law and practice module 6, Thong
      544 words
    • Article
      New-look c-centres
      195 2 THE Housing and Development Board will build 40 of the 73 new-look community centres for the People's Association. Each of the new centres will have its own unique design reflecting the special character of constituency, and to meet its specific needs, the laiAft itsue of the HDB and
      195 words
    • Article
      Japan and Asean agree on trade centre
      476 2  -  By FOO CHOY PENG JAPAN and Asean are scheduled to sign an exchange of note on Friday for a provisional centre to replace the now-defunct Southeast Asian Promotion Centre on Trade, Tourism and Investment (Seap Centre). Asean eontries, except Malaysia, have approved the
      476 words
    • Article
      UK selling team out to boost market share
      334 2 AN 11-MEMBER trade mission from the British Hardware Manufacturers Association arrived here on Monday for a seven-day stay. This is the first time the mission is in Singapore. The group is here on a selling mission. A wide variety of products is
      334 words
    • Article
      COMPUTER QUICKIE
      68 2 ASIAN Computer Services (ACS), a Haw Par subsidiary, has been appointed exclusive agents for a new software package in Southeast Asia known as 'Quikjob'. It is used mainly to reorganise existing data files and bases to produce special ad hoc reports requested by the computer user. Because of
      68 words
    • Article
      NZ MISSION HOPES TO OBTAIN CONCRETE RESULTS
      130 2 A 28-MAN study mission from the New Zealand Portland Cement Association arrives here today for a oneweek visit. The delegation, the association's fifth study mission, is led by Mr Michael Brice. The mission comprises architects, engineers, constuctors and concrete manufacturers. During their stay
      130 words
    • Article
      Lock icon Hanoi buys Thai rice
      46 2 AFP. THAILAND has signed an agreement to sell an additional 30,000 tons of highgrade milled rice to Vietnam. The agreement, calling for delivery between May and July at a price of US$5.3 million (5511.5 million), was signed in Bangkok last week. AFP.
      AFP.  -  46 words
    • Article
      MIL is set to give you a total concept
      198 2 THE IMPORTANCE of developing distribution strategies in marketing procedures will be emphasised in a one-day seminar, Developing a Total Distribution Concept, organised by Marketing Improvements Ltd (MIL). The seminar, at the Hilton Hotel on May 7 from 9 a.m. to 5
      198 words
    • Article, Illustration
      VOLVO GOES LOCAL
      206 2 THE FIRST kateh sf Velve completely kMduMm (CKD) kit, for Msembly la Stagapere, arrived last week, lie Velve 244GL medete wili be ■—emklcd by Btagapere Nlssaa Meters sader eeatraet with the flwedlsh eempaay. lie kite were breaght la by the ScaaDateh eeatslaershlp "Karrigaa". Mr Rebert 4 Ashtoa,
      206 words
    • Article, Illustration
      Singapore an ideal distributing base
      309 2 SINGAPORE'S strategic location at the crossroads of trade and communication makes it the ideal base for distribution operations geared to the Asia-Pacific region. The Member of Parliament for Mountbatten, Mr Eugene Yap, was speaking at the opening of International Harvester's new regional parts distribution centre
      309 words
    • Article
      Tap community spirit of the 'silent majority'
      319 2 MANY VOLUNTARY organisations have yet to tackle in greater depth the strong urge of the people in the same community to exist in harmony and tolerate one another for the common good. This is one very important aspect of community service that was
      319 words
    • Article
      Bedok bus plan shifts into 3rd gear
      109 2 STAGE THREE of the new bus plan for Bedok will start this Sunday. Under this stage, services 3 and 152 will start from the Bedok Interchange instead of Bedok South Road. A new service, No 9, will be introduced to supplement services 1
      109 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      57 2 f f This announcement appears as a matter of record only NEW ISSUE U.S. $30,000,000 The Industrial Bank of Japan, Limited (Singapore Branch) U.S. Dollar Floating Rate Negotiable Certificates of Deposit Due March 9,1982 Manager and Agent Bank Metrill Lynch International (Asia) Co. Co-managers EBJ Finance Company (Hong Kong) Limited
      57 words
    • Advertisement
      Page 2 Advertisements Column 2
      3 2 MSTmm Of SUCCCMFUL
      3 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      631 2 [I TWO-IN-ONE CRYPTIC PUZZLE ACROSS 3 Character fast going round the bend (5) 8 Lady from West Oman (5) 10 A master going forward (5) 11 Edible extract of rhubarb, apple, etc (3) 12 River I have knowledge about (5) 13 Gains weight while making a name (7) 15 A
      631 words
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  • REGIONAL
    • Article, Illustration
      HK homes in on new public housing
      680 3 HONGKONG launches into its new home ownership scheme at the end of this year, when the first flats built under the scheme will be completed. "Our aim is to build 8,000 flats a year for ownership and 27,000 a year for rental," said
      680 words
    • Article
      Lock icon Change of power talk in Indonesia
      652 3 AFP ONLY one year after President Suharto's re-election as President for a third fiveyear term of office, a prominent leader from the progovernment Golkar Party has publicly hinted to a possible change of power in Indonesia and questioned the country's political preparedness for such
      AFP  -  652 words
    • Article
      Lock icon Thai trade gap widens to $3 b
      289 3 AFP GOVERNMENT and private sector agencies in Bangkok have estimated that Thailand would this year suffer a total trade deficit of 31.43 billion baht (5J3.23 billion), a 21.6 per cent increase over the 25.49 million baht deficit suffered last year. A report jointly
      AFP  -  289 words
    • Article
      LNG plant
      56 3 FINAL agreement on the expansion of Indonesia's liquefied natural gas (LNG) plant in Bada, East Kalimantan, may soon be reached with Japanese investors. Pertamina presidentdirector Piet Haryono said on his return from a meeting in Tokyo that the only obstacle remaining is convincing Japanese investors there are large
      56 words
    • Article
      Lock icon Two beef up fight against food and mouth disease
      178 3 Reuter A MALA YSIA-Tha iland livestock sub-committee has recommended that the two countries intensify vaccination of domestic animals along their common border to prevent foot and mouth disease which almost wiped out the livestock in Malaysia's northern border states a few
      Reuter  -  178 words
    • Article
      Lock icon JAPANESE GROWTH
      145 3 Reuter JAPAN'S Research Institute of National Economy said it has revised upward Its projection of the country's real economic growth in fiscal 1979 to 5.9 per cent from the 5.5 per cent projected last December. The upward revision was made in view of growing indications that economic recovery
      Reuter  -  145 words
    • Article
      Domestic demand key to Malaysian growth
      833 3 EXPORT SECTOR STANDS BY BANK Negara predicts encouraging prospects for continuing economic expansion for Malaysia this year with domestic demand remaining the mainstay of expansion and the export sector providing the necessary foundation for it. The central bank in its 1978 annual report and
      833 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      204 3 It takes all kinds of people to make a world airline. If we want to fly the world, we have to know the world. And Pan Am people do. Our 27,000 employees come from all over the world. Our cabin crews speak two or sometimes three languages, 47 all told.
      204 words
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  • RAW MATERIALS
    • Article
      Lock icon Commission to probe produce forward market
      429 4 Reuter. INDIA has set up a committee to examine the operations of forward markets in commodities and the working of Forward Markets Commission. Government officials said forward trading is restricted to a handful of commodities like jute, peper and unrefined brown Indian sugar, but
      Reuter.  -  429 words
    • Article
      Lock icon Crushing plants below capacity
      233 4 Reuter MANY of Rio Grande do Sill's soyabean crushing plants are working at less than full capacity because of the slow progress so far in the state harvest. Crusher sources in Porto Alegre said the harvest is still not yet 10 per cent complete and beans
      Reuter  -  233 words
    • Article
      Lock icon BRAZIL SEEKS THAI RICE
      100 4 Reuter. Brazil is interested in buying 200,000 tonnes of rice from Thailand on a commercial basis, Bajr Isarasena, director general of the Foreign Trade Department said. The rice to be sold to Brazil is 55 per cent rice a special mixture of 15 per cent white
      Reuter.  -  100 words
    • Article
      RUBBER
      375 4 OPENING prices in Singapore yesterday were marked up slightly. The market later gained further ground on nearby demand. Profit-taking and forward offering later emerged to pare the gain. Turnover was fair. The morning session closed quietly steady with April One RSS buyers quoted at 271.00 cents per kilo, unchanged
      375 words
    • Article
      RAS PRICES
      347 4 R.A.S. prices in cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 272.00 273.00N Int. 1 R.S.S. April 272.00 272.50 Int. 1 R.S.S. May 269 00 289.50 Int. 2 R.S.S. 263.50 364.50N UK/Coot 262.50 263.50N Int. 3 R.S.S. 260 50 261.50N UK/Coot 259.50
      347 words
    • Article
      SSR and SMR
      105 4 NOON SSR ud SMR ph RA8 SSR 20 (1-toa pallet) SSR SO (1 ton pallet) MRELB cm yaateniay: <C«i Bay, 259 00 266.00 April mat Mtk) »r* Seller* 261 00N 2SS.OON (Fan "M 259 00 ***** llf| SMR CV SMRSL SMR CP SMR 5 (1-ton pallet) (1-ton
      105 words
    • Article, Illustration
      EGYPTIAN STYLE
      159 4 THE AUSTRALIAN wheat tadastry to ■dag a itoi variattoa sf the timehsasved aiethed sf wtogw—i storage to help store the large sanies wi wheat created fcy the MtMnkwmi harvest UaierpMto grala ■Its ttaed with reeds were seed by thTaadeat Egyptians, aad afcatahw sf the Mea an Jtfll emptoyed
      159 words
    • Article
      Lower Indonesian harvest
      95 4 INDONESIA'S 1979 rice crop is expected to total about 17.5 million tonnes milled compared with the 1978 harvest of 17.6 million tonnes. The US Agriculture Department said in its roundup of world production and trade developments, that harvesting is Just beginning on what appears to be a
      95 words
    • Article
      Lock icon World aluminium output up
      167 4 AFP. WORLD primary aluminium production continued to rise in February with the daily average output at 32,200 tonnes, 100 tonnes more than the previous peaks in January and December. International Primary Aluminium Institute statistics revealed that over the 28-day month, 901,000 tonnes were produced, 9.3 per
      AFP.  -  167 words
    • Article
      More rice planted
      61 4 THAILAND'S padi production during the 1978/1979 season was estimated at 17 million tonnes compared with 13 million tonnes from the previous season. Agriculture Minister Prida Karaasutr said the figure was broken down as 15 million tonnes from the 1978/1979 main crop and two million tonnes from the
      61 words
    • Article
      Straits tin
      63 4 THE STRAITS tin price la IVi»g yesterday gained Msl2 to $1,13$ per (deal, despite easier L—dia Dealer* said the market recovered falls wtag Monday's drep sa reaewed baying demaad tram all eperators, dae to a smaller valame d tin ere sfffered by misers. Tstel toraever fell to ltt
      63 words
    • Article
      Closing prices
      29 4 Rubber: April 2 Singapore: 270.00 cents (down one cent) Malaysia: April: 271.60 cents (down two cents) Tin: $1,935 (up $12) Official offering: 165 tonnes (down 115 tonnes)
      29 words
    • Article
      Textiles
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattea yarn: China Blue Phoenix 20a 2.430 32s 2.970; 40s 3.100 (per bale oi 400 lbs). Plm* pifc: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      Wheat
      138 4 WHEAT futures closed off 5 to 1 to US cents a bushel in Chicago on Monday. This commodity, which received early support from CBT silver futures, lost gains shortly after silver weakened. In addition to the decline in silver, prices came under pressure from locals spreading corn against wheat,
      138 words
    • Article
      Produce exchange
      317 4 IT WAS a mixed market on the Singapore produce exchange yesterday. White pepper posted gains of. $2.50 per tonne while black was unchanged. The situation was attributable to lack of demand from big overseas buyers which include those from Europe, reported several packers. Fresh arrivals totalled 89 tonnes
      317 words
    • Article
      Rice
      328 4 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop Off, 100 per cent second class 0.85, 100 per cent third class 0.83, 25 per cent new crop no stock, B-10 per cent 0.75. THAI BROKEN A-super 062. Special 0.56.
      328 words
    • Article
      Hongkong Comex
      149 4 THE SUGAR futures market yesterday closed quiet and featureless with no trades registered against two lots on Monday, dealers said. May closed at 8.33/36 US cents against Monday's 8.51/53 close, July at 8.56/60 against 8.75/77 and March at 9.53/56 against 9.73/74 cents. March 9.53/56 9.73/74 Taae: Easier. IMal
      149 words
    • Article
      Soybean
      141 4 CHICAGO soybean futures closed lower in active trading on Monday, posting losses of 9'/« to s'/« US cents a bushel. Traders said soybean prices began to falter when CBT silver futures weakened. Commission houses contributed to the losses late in the session. A commercial was an outstanding spreader of
      141 words
    • Article
      LONDON MARKETS
      761 4 OILSEEDS: Brokers said buying interest yesterday was again generally confined to Dutch soybean oil at slightly lower levels following Monday's easier Chicago market Other sectors of the vegetable oils and seeds market were also easier where changed but neglected. Dutch soybean oil met a fair inter deal trade
      761 words
    • Article
      Palm oil
      71 4 C.I.F. North European ports, In US dollars per ton unless otherwise stated. LONDON: Mm Prtvi— Malaysian SHffa bulk per tonne May unq 684slr June 872slr Sumatra 5H tta bulk March deleted 710slr April 700slr 702 .pd May 990s lr 695slr June 682'< sir 685slr/880pd July 677 "i sir
      71 words
    • Article
      Lock icon Manila cannot meet further sugar orders
      162 4 Reuter THE PHILIPPINE sugar export quota of 1.14 million tonnes is fully committed for this year and it will not be able to make any direct sales to new markets. Philippines Sugar Commission vice-chairman Jose Unson said there were inquiries from South Korea, China,
      Reuter  -  162 words
    • Article
      Lock icon Waiting for EEC, or US to lead the way
      171 4 Reuter SUGAR price movements will remain dull over the coming weeks until details of the EEC crop or the course of US sugar policy induces a more positive response, sugar broker Ed and F Man said in its latest reivew of
      Reuter  -  171 words
    • Article
      Lock icon BUYERS FAVOUR LOWER COFFEE GRADES
      129 4 Reuter BUYEBB af grew etflet la imparting eenntartes lead to prefer lewer grades rather tfcaa pay prtees far better qaality, aa later-Afrieaa Caffee Orgaataattea (IACO) tpakasmaa said. After a five-day technical ■tmfaar to Leaden en the qaality ef green eeffee, he said this difference •f
      Reuter  -  129 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      609 4 THE GOVERNMENT OF MALAYSIA CONSTRUCTION OF BINTULU DEEPWATER PORT CONTRACT NO. 4 BREAKWATERS AND WHARVES (International Contract) NOTICE OF PREQUALIFICATION OF TENDERERS The Government of Malaysia hereby invites suitably qualified and experienced contractors for prequalification for Contract No. 4 Breakwaters and Wharves, which forms part of the several contracts for
      609 words
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      Page 4 Advertisements Column 2
      51 4 Unofficial rMag prices af L—i— metals m back P*ge- Letts make business a pleasure, i Send in this ad with your name, company, position and address I for a FREE catalogue and mystery offer on Letts Diaries. J Address to:Robertson, Wikon (S) Ltd., I ■m RW/3./9 707, Cathay Building, Singapore
      51 words
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  • OVERSEAS
    • Article
      Lock icon UK firms hard put to keep share of export markets
      324 5 Reuter BRITISH firms are experiencing difficulties in maintaining their share of export markets, the Confederation of British Industry (CBI) reports. The CBI, in its latest economic situation report, says weakened overseas confidence in the ability of UK industry to supply
      Reuter  -  324 words
    • Article, Illustration
      Taking drudgery out of the office
      235 5 A BRITISH emnpuy bi Introduced a new word prtcmIng system that eu 'type 4 a letter At speeds of 45 characters a second sad will haadle most other office administrative tasks Including text processing, calculations, payroll, general computing aad data retrieval. The 'Diamond' system
      235 words
    • Article
      Lock icon Teamsters, truckers hit car industry
      872 5 UPI. NYT. THE TEAMSTERS' strike in the United States and a retaliatory shutdown by major trucking firms create new problems for America's ailing economy and ugly incidents for the drivers. The Ohio state highway patrol recorded three cases of rocks thrown on trucks from overpasses,
      UPI.; NYT.  -  872 words
    • Article
      Lock icon UK firm on reduced EEC contribution
      335 5 AFP BRITAIN has reaffirmed that it is seeking to reduce its contribution to the budget of the European Economic Community (EEC) and a substantial cutback in spending under the EEC's common agricultural policy (CAP). Foreign Secretary David Owen raised these points in Luxembourg at
      AFP  -  335 words
    • WORLD IN BRIEF
      • Article
        Lock icon BANKING ON APARTHEID
        557 5 Agencies. A UN-commissioned report on Monday showed banks in five Western countries have lent South Africa nearly US$5.5 billion (Ssl2 billion) since 1972 a figure Nigeria called "well-documented evidence" of Western support for Pretoria's apartheid regime. The report, ordered by the UN Anti-apartheid Committee, said 382 banks
        Agencies.  -  557 words
    • Article
      Lock icon Congress honours national debt
      237 5 UPI THE US House of Representatives, warned that the United States would default on its debts for the first time, gave final congressional approval on Monday to a Bill increasing the ceiling on the national debt. President Carter signed it within hours. Passage, by a 209-165
      UPI  -  237 words
    • Article
      Lock icon No guarantee for mining plan?
      220 5 Reuter COMMON MARKET Foreign Ministers yesterday disagreed on whether the Community should set up a scheme to guarantee investments by European companies in mining in developing countries against political risks. France and West Germany, which have their own investment guarantee systems, did not welcome the
      Reuter  -  220 words
    • Article
      Lock icon Galbraith advocates petrol coupons
      113 5 UPI LIBERAL economist, John Kenneth Galbraith has called for a return to Nixon-era •wage-price controls and World War 11-style petrol rationing. The ex-Harvard University professor told a news conference on Monday that the voluntary economic guidelines of the Carter Administration are an "evasion of the issue"
      UPI  -  113 words
    • Article
      Lock icon KINGSTON REIGNS SUPREME IN CHEAP LIVING
      237 5 AP LATEST UN figures showed that of 131 cities around the .yorld, Tokyo is the most expensive and Kingston, Jamaica, the least expensive for international officials to live in. A table published in the current UN monthly bulletin of statistics said the cost of
      AP  -  237 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      738 5 ARRIVALS Service Local Operator Number Time From MAS MH67J 0945 PEN/KUL CPA CX710 1006 HLP GIA GA980 1030 HLP S1A SQI03 1045 KUL S1A SQ211 1045 HLP MAS MH605 1045 KUL GIA GA944 1055 PKU GIA GA9QB 1100 MES UB UB231 1115 RGN THAI TG423 1125 DPS
      738 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      80 5 Just pick up the phone and Emery picks up the responsibility. When you're busy meeting deadlines, controlling inventory, hounding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as seriously, as you do. That's Emery Air
      80 words
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  • Article
    Women can ease travails of labour
    470 6 IT IS becoming increasingly evident that positive action must be taken to help ease the labour shortage situation. This will partly have to come from a mQre efficient use of the resources available. Is it possible to provide some sort of incentive to industry
    470 words
  • Article
    Burning question of fair allocation
    302 6 THE ORDERLY allocation of fuel supplies throughout the world is based on a simple principle: that the price mechanism will equate supply with demand. The premise that this arrangement rests upon is equally simple. That supplies will be available to meet demand. Today, it would
    302 words
  • Article, Illustration
    Lock icon Foreign banks could now face hurdles in US
    1132 6  -  The American Federal Reserve Board has given the green light for three takeovers which will lead to foreigners controlling about a tenth of the country's banking system. But ANDREW FISHER reports that this has made the Americans wary, and attempts at further
    FT  -  1,132 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      196 6 II •> mm -Ik fc'. v- W&TB.'S »»#>. 3 n- v :Vrfr ,4> 4£ NonySFood APOLLO HOTEL Havelock Road, Singaore 3 Tel: *****1 In the oftheCocfapit a splendid Period restaurant aflerins the choioest fare in the true British tradition HOI SiWP O s JL CJIAA true, local flavour. A delicious
      196 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      42 6 BriStdWVFtoDK Dickens T\me you took off *>ufc UMMTtP'S SOX>DCM IN TyC sort... Sbu'Re LOOWHG »m Neeo of fcesT... OJHPfT DO NOU —DON'T 66UGVf LOC< 111 TH\S MOT Tj-C. Nbu USED to fce see rofc yojes&jt—' GOT clours rggj BOUND eves/ li JL
      42 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      738 6 A good Wednesday RICH LITTLE to gaest star la tealgbt's Mappet 8to« n.Xpm, cbaaael S). Ik tovaMe mappeto Hagte has, tarigM*! eptoiie to "The Spirit to WlTOe". At > Hpi, a revival «f the exeeUeat BBC teaClassical Muliiihifw (7-Sftpm, ehaaael I). Haadel's Fliewarfca Msslc will be pertsnaed tealgbt, caadaeted by
      738 words
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  • Article, Illustration
    The invisible minority in US Chinatowns
    2521 7  -  By James R. Schiffman SOME CALL them the invisible minority, the estimated 600,000 Chinese in America. They have made significant advances in education, politics, the professions. But most remain poor, plagued by barriers of culture and discrimination. They started coming around 1850 to fill
    2,521 words
  • Article
    Lock icon West Asian peace brings new problems
    939 7  -  FOBUM. ...with Christopher Wren NYT AN EGYPTIAN official chuckled when he was asked about peacetime prospects for economic cooperation with Israel. "The Israelis are a deficit country like we are. We are two beggars," he quipped. Israeli scenarios of mutual economic benefits have not
    NYT  -  939 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      239 7 ,> fSBlw SB TTi *ri m f J F n ii.L'S r 1 Jci m vSX, J -v NMMMI COMES* T;\ a SEaS! Come, unwind yourself after o day's work. hand-clapping, feet-stomping, yodelling the works'! A terrific, top-rote £Ssl 3-piece bond entertains at BAR. the cosiest waterhole away from the
      239 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Prudential reaps higher earnings
      732 8 Reuter PRUDENTIAL Corp has reported that total net compaajCL profit in 1978 rose to H. 2 million from £31.9 milin 1977. **arnings per share ingfeised to 13.8p (10.7p). The oampany has declared a of 5.263p mairfwg gp Bife premium income ibed to £761.3 million 2.4 million)
      Reuter  -  732 words
    • Article
      LTV confident of a good first quarter
      350 8 L#V Corp was profitable in January and February and '.all indicators point to profitability in March as •mfL Chairman Paul Thayer said comparable figures for the 1978 first quarter are not jayailable because LTV's acquisition of Lykes Corp was not effective until the
      350 words
    • Article
      Lock icon INCREASED BASF ORDERS
      191 8 Reuter. BASF AG said both incoming order and turnover have risen so far this year while sales earnings are stabilis- tag. The company said despite |iigher 1978 volume sales there was no corresponding increase in parent company turnover due to lower sales prices. I lit noted the
      Reuter.  -  191 words
    • Article
      Lloyds Bank braces itself for keener competition
      191 8 THE OUTLOOK for Lloyds Bank Ltd remains intensely competitive and the bank intends to sharpen its thrust. Chairman Jeremy Mors4 told the annual meeting that the bank plans to expand its automation developments in UK, including the cash point facilities, while its new
      191 words
    • Article
      Investors concern over energy issue
      1366 8 NEW YORK THE STOCK market fell broadly in moderately active trading on Monday amid the continued woes of the nuclear power industry and the strike-lockout of truckers. The Dow Jones industrials lost 193 points to 855.25 and loners led winners better than two to one.
      1,366 words
    • Article
      TORONTO
      212 8 APR 01 C» Ablllbi 11 A lean •it Algoma unch Bank Mont M -<• Bank Norm ScoUa 23'> S> Bell Tel Beth Corp BP Can Ltd II M'« -s Braican B > Camp Red Lake Can Imp Bk -<• unch Canpac 17'. -<• Canpac In* Pf Carlln« OKeefe M*>B
      212 words
    • Article
      JO'BURG
      295 8 APR 02 Rand INDUSTRIALS A Alpha 165 5 A be r com 290 unch AE And CI 475xd unch AMIC 1429 Barlows 900 unch Cg Sugar 015 CNA 206 Currte Finance 9B J De Beers Ind 1475B unch Filrnn 365 15 Edgars 4200 unch Eye ready 287B unch Fed
      295 words
    • Article
      Traders cautious in face of a falling yen
      630 8 TOKYO THE NIKKEI Dow-Jones average continued to decline sharply, since foreign investors were heavy sellers of medium-sized blue chips and medium-priced lightand heavy-duty electrical issues such as NEC and Hitachi owing to the current sharp depreciation of the yen against the US
      630 words
    • Article
      Hongkong
      314 8 THE MARKET closed lower in moderately active trading, and the Hang Seng index fell 10.95 points to 518.59, dealers said. The continuing (all of the Hongkong dollar and fears of higher local interest rates are affected sentiment. Hongkong Wharf fell one dollar to HK$3l, Jardine Matheson 40 cent to
      314 words
    • Article
      Sydney
      242 8 APR 03 CenU INDUSTRIALS A. C. L 177 +J A N. I >« A P M IS 1 Ampol Pet 71 B H. P. Ill -1 15 -10 nam now Bora) Bramble* ITS unch C B. A W unch C. S R 365 +5 Coal Allied &306 unrh Dunloo
      242 words
    • Article
      Bangkok
      237 8 APR 03 Batits Asia Credit l 310 unch Asia Fibre 231 unch Ayuthaya Inv And Trust 105 -8 Bangkok Investment 302 8 Bangkok Bank Bangkok Drying And silo 356 -8 Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia 180 unch Bank Of Ayudhaya Ltd 230 unch B«U
      237 words
    • EUROPEAN MARKETS
      • Article
        Zurich
        190 8 APR OS Francs Actions Sullies m •1 Alusulsae Br. 1445 30 Aluiuliae Ref. 9V4 4 Brown Bbverl Br. IMS -46 Ciba Oelfy Br. 13SS -15 Clba OclC7 P C MS •10 Clba Oclcy R*t Credit Suisse Br MO ZJSO -5 Credit SuLue Ret 4SZ -1 Elektrowalt Br. MIS -M
        190 words
      • Article
        Paris
        262 8 APR Fr» COBBEILLE Air-Liquid* M 50 11 B S N Ornrmu DUtOIW C 8 F (ThomsonC*t) CM Prancaise >«M PMmlM 480 38S IM ♦8 +12 0.1 CompMnt* Financiere CompagnM Generate CnM Poncter Dt France 379 431 -02 1 HacheUe f "-***> 234 unch Machines Bull 38 88 Michelin Putti
        262 words
      • Article
        Amsterdam
        138 8 «l» tu BUI Akn MM- -Oil A1I*V NJI <u «»u Amrot Bank ***** 4.1 HM «U STHM uncb MM anch MM .14 Bor*umij ma »u if Wl -1 MM uncb IBM DrU Mlj Fnn* IBM O MM MM -U ■""'It True unch 33J0 0J Ou throe Oofcaln «oso Oj»
        138 words
      • Article
        Frankfurt
        158 8 apr «e A*f-Tclefunk*n Dm -0J -u unch rrnp-rrwm I7M HOuH Alls vcn BASr Bay H T Wtnnt 1MK IBM -U •1 Bay Vtant ■sr XHM 137-50 m an ♦a •i BMW —r~ -TChem Vrr* ftOM •l •i -u 4i M UN MU i st no 1' I Deutsche Bank
        158 words
      • Article
        Brussels
        86 8 AP* 02 m FORWARD MARKET neb Anr f|g Arti« am m Brajcan an -1 Bru-Lunb IM ssr 2 D* Been m MS -I l# ■eh >ch 1 Occtrobei Ob-Inno-Bm Or* aaoo 2575 1400 ao uneh unch Hobok Pruo Ryl Dutch 3100 4100 aw 10 28 10 ttdro Sac 0«n
        86 words
      • Article
        Milan
        76 8 s4 U Plat an -67 Plnatter Oen Innod m 7J in prt 2300 -m luuceocntl 1M01 -MB lUJfU lUliWtor 7M *»1 M -4 -23 UUMU M Pi 973 -4 J71JB -U Med too -MM Minima SUM 1MB -1M 10 Montadan 1*1 Moui Bk> mm ftrt 1MB -35 oun Pn
        76 words
    • Article
      Manila
      100 8 APR 03 Pesos i Acojc Mining .0006 unch Atlas Con. A Alias Con. B. ZZ 24 40 -0J Bafuio Gold Jtl -***** Benguel Con. B BF Goodrich 28.00 23 00 unch -o« CDCP 22J0 0J Inco B. Landoi) .015 unch Lepanic B. J4TS -0.0075 Martnduque B 1.10 0.1 Meralco
      100 words
    • Article
      Selected indices
      64 8 FINANCIAL TIME8 INDUSTRIALS Monday 532J2 Friday 530.8 r Week Ago 530J DOW JONES AVERAGE INDUSTRIALS Monday 856.25 Friday 882.18 Week ago 854.82 LONDON DOLLAR PREMIUM Monday... 57 to 57 W Friday 80 v. to 81% H.K.HANG 8ENG Tuesday 518-38 Monday 529.54 Week ago 543.48 8YDNEY INDUSTRIALS Tuesday *****
      64 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      168 8 "Fifteen going on sixteen twenty lour That's reminiscent of a song. Which isn't what we want to tell you. Because we ve got other music for your ears.' The Perkin-Elmer 1G24 System. We call it the "Sixteen Twenty Four". Sung. Of course But no matter what you call it, the
      168 words
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  • BANKING AND FINANCE
    • Article
      UK unlikely to join EMS soon
      306 9 THE UK will take at least another six months before it joins the European Monetary System (EMS). And this, again, will depend on how the politicians 'think at the time, and a number of economic factors. Mr Deryk Vander Weyer, vice-chairman of Barclays Bank
      306 words
    • Article, Illustration
      ICB's Ching stays in front
      1165 9  -  A three minute walk up Shenton Way from The Bank of Tokyo in Hong Leong Building and you will come to the entrance of ICB Building. There, on the first floor, is the local bank's Funding Department, which is now under the charge and in
      1,165 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        430 9 THE FOREIGN exchange market yesterday saw the dollar firm furiously against the yen and Singapore unit as speculators started buying in the American currency. Opening at 212.70/80 against the yen the American unit was quickly traded two yen higher to 214.85/95 just before Tokyo's close. London trading, however,
        430 words
      • Article
        Asian $ rates
        173 9 Asian rates ASIAN currency deposit interbank rates as at close on April 3: 7 days 1 month 2 months 3 months 6 months 9 months 12 months US Dollars(Spot) Offer Bid 10- 10. 107/16 10 5/16 109/16 10 7/16 1011/16 10 9/16 11 10 T 10 101 10'. 10 t
        173 words
      • Article
        Discount
        53 9 Range of prices offered by discount houses on April 3: Overnight 4'j'<r Call deposits 4 1 Closing Buying Selling 3 month Treasury bills 4'; 4-'» 3 month Bank bills 7 7/16 7 5/16 3 month CD 6 9/16 6 7/16 6 month CD 6 15/16 6 13/16 Source: National
        53 words
      • Article
        MLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • Article
        Hongkong
        196 9 THE HONGKONG dollar yesterday extended its overnight decline in the US and Europe here in large volume business, falling to 5.0330/50 against the US dollar as the yen turned sharply lower in bectic trading, dealers said. They detected no signs of official intervention to check the local currency's drop
        196 words
      • Article
        Gold
        323 9 SINGAPORE gold futures yesterday closed generally easier compared with overnight levels, in moderately active trading, dealers said. Opening prices were marked down slightly and the market thereafter eased further through the day on some local and overseas selling, they said. Turnover fell slightly to 252 lots from 256 previously
        323 words
      • Article
        London
        330 9 THE DOLLAR yesterday consolidated the firm trend seen in the Far East, although the currency slipped back from its highest levels in the face of apparent dollar sales by European central banks, dealers said. There were no new factors and the lead was given by the dollar's continued firmness
        330 words
      • Article
        Tokyo
        242 9 THE DOLLAR for overnight delivery yesterday closed sharply firmer at 214.40 yen, compared with a 212.00 opening and 211.10 at Monday's close, despite massive central bank dollar-selling intervention. The Bank of Japan sold an estimated US$9OO million to $1 billion at different levels throughout the day to check a
        242 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      577 9 SOUTH EAST ASIAN BANKING AND FINANCE CONFERENCE 19TH AND 20TH APRIL 1979 Sponsored by Financial Times and Business Times The Conference will cover major political, economic and commercial questions of interest to the regional and worldwide business communities. The Hon. Mr. S. Rajaratnam, Minister for Foreign Affairs, Singapore will be
      577 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1408 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the nlimber of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. AH Time Settlement Contracts are quoted after the word .Big Board deals (In
      1,408 words
    • Article
      Government bonds
      103 10 4 1/2% 1/8/80 (250.000) (99.408 *****) 4 3/4* 15/9/80 (250.000)(9960B 99.706) 5 1/4% 1/3/81 (250.000) (100.208 100.28S) 5% 15/4/81 (250.000) (***** 99 706) 5% T F 1/5/83 (250.000) (100 108 *****6) 5 3/4% T F 15/6/81-84 (250.000) (102.00S) 5% 13/11/84 (250.000) (*****8 100.058 7% 1/8/85 (250.000) (100.758 100
      103 words
    • Article
      Stock options
      103 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday, the period, bids and offered prices and business done, if any, with the number of options traded shown in brackets. CaM Storage (June 12.00) (0.328 0.445). C C (June $2 60) (0.528 O.GSS). P
      103 words
  • Article
    Unit trusts
    157 10 SINGAPORE UNIT nt8T (M—pw 1 pitta tar Apr 4) The Commerce 2 21 2.35 The Saving Fund 1.30 138xd S pore Prog Fund 0.98 1.01 S pore Sec Fund 1.80 1.91 S pore Invest Fund 1.27 1.35 S pore Equity Fund 1.00 1.06 INCOME BOND UNIT (Carreat prices)
    157 words
  • Article
    SHARE INFORMATION SERVICE
    2556 10 1 1979 UHU-T Coaytajr Last Sale +orGr"» Dir Div Cw Gr*« YTd Not P/K Vol (■OOO) Doy Hi«k Low Mi < <:rl "i < SECTION ONE INDUSTRIALS lit -j. ■*•>0 Oil H 237 190* 142 180 74' i 276 302 202 380 207 123* 110 150 60
    2,556 words
  • Article
    In Kuala Lumpur
    1523 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Amu (2.33) AJaianti (2 938) Aieaa (1.858 1.865) (4) 1 85
    1,523 words
  • Article, Illustration
    Most shares lose out marginally at the close
    675 10 SHARE prices fsr the mwt part were ttstten oa the Stock Exchup of Siagapere yesterday u Men task nut laterest la the market. Most stocks made margiaal Isaacs aad eaded the day on steady ground Seme speculative play prevailed ea secead Uaers
    675 words
  • Article
    Trading on KLSE still weak
    529 10 SHARE prices retreated across a broad front in moderate trading on the Kuala Lumpur stock market yesterday. Concern over the weakness m leading oversea markets in particular, that of Hongkong which fell another 10.96 points to 518.59, was one contributing factor. Observers felt the market
    529 words
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  • COMPANY NEWS
    • Article
      Central Sugars puts in a sweetener
      1006 11 CENTRAL Sugars, equity accounting for the first time its share of profit in associate Pan Malaysia Cement Works (PMCW), has reported only a marginally improved group pre-tax profit of M 56.133 million for the six months to Dec. 31,1978. Profits were up only 2.6
      1,006 words
    • Article
      BULLISH PROSPECTS FOR PLANTATION STOCKS
      1229 11  -  By PHILEMON SOON THE PAST few months of uncertainty on the local stock market have not dampened investment in plantation stocks. While the other sectors of the market were characterised by quiet and featureless trading, plantation stocks advanced in a steady stream of buying. The
      1,229 words
    • Article
      DIVIDENDS ANNOUNCED
      554 11 Current Ex Booka Date Total for Total for Payment Dnte Close Payable the year Previous year Robinson 4*1 Mar 19 Mar 26 Apr 4 4* 15* MUM 5* Mar 10 Mar 29 Apr 6 5* Huh M 6*1 Mar 14 Mar 26 Apr 13 6* 15* K Sidim
      554 words
    • Article
      SCRIP ISSUE
      198 11 Company Particulars Ex Date Books Close Nat Iron DBS Keck Seng Dualop Eat P. Product* Toshiba Bo vis SEA OU B OCBC HK La ad Bonus Issue of 1 for 2 Rights Issue of 1 for 4 fe $3J0 per share Bonus Issue of 1 for S Bonus
      198 words
    • Article
      Rahman buoyant
      155 11 BUOYED by higher tta aai rahher Ntpat aad better priees, pre-tax preflt at Bah— Hydraalle Tta wtfawrt to surge merrily ihwi ip 18 per eeat to SLtt mllltoa fer the lint half-year eaded last Decern her. Director* have sistatolari Its taterlm flvUeai at 9 per eeat gna ea
      155 words
    • Article
      NBT sees final payout of 7 to 10 pc
      308 11 NORTH Borneo Timbers estimates that sufficient profits for the current year ending May 31, 1979, will be generated to permit the payment of a final dividend of between 7 and 10 per cent. The company advises in its quarterly report that
      308 words
    • Article, Illustration
      Lock icon Short-term thinking
      330 11 u by HOCK LOCK SIEW IT IS TIME to take a breather and reflect en what observers feel is the likely cearae et the market ia the aext few days. The reeeat run-up, which saw the market takea tram S4I points as measared by the Straits Times Industrial
      by HOCK LOCK SIEW  -  330 words
    • Article
      UNIVERSAL Cables (M) Berhad:
      67 11 Group 1978 pre-tax profit M 51.06 million (nil) on sales of $9.49 million (nil). Parent company pre-tax profit $1.08 million ($873,607) on sales of $9.46 million ($6.29 million). Final dividend: 6 per cent (nil), making a total 12 per cent (nil), payable on June 5. The
      67 words
    • Article
      Dunlop Malaysian Industries Bhd:
      123 11 Group after-tax 1978 profit at M 521.76 million ($14.84 million) on turnover of $168.74 million ($146.40 million). Parent company aftertax profit: $23.62 million ($14.68 million) on turnover of $133.30 million ($115.56 million). Final dividend: 25 per cent gross (21.5 per cent), payable on May 28 to
      123 words
    • Article
      Rivervlew
      29 11 has declared an interim dividend of 3 per cent for the year ending Dec 31, 1979 to be paid on April 28 to shareholders registered on April 20.
      29 words
    • Article
      A MUCH, stronger second
      170 11 half showing has enabled rubber company Plantations to achieve better-than-expected results last year. Unaudited pre-tax profit for the year ended last December jumped by 38 per cent to $504,171. After a higher tax charge of $223,533 ($160,437), the net profit stood at $280,638 against $206,365 previously.
      170 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      587 11 NEW ISSUE These sac unites having been sold, this announcement appears as a matter of record only. 2nd April. 1979 U.S. $25,000,000 UNITED OVERSEAS BANK LIMITED (Incorporated in the Republic of Singapore) Floating Rate Notes Due 1989 Credit Suisse First Boston Limited S. G. Warburg Co. Ltd. Banque I Daiwa
      587 words
Page thumbnail Page 12
  • Article
    Lock icon US inflationary boom heightens recession risk
    649 12 Washington Star. tOP ECONOMIC officials of the Carter Administrate* have admitted privatethat the inflationary £QBbni is increasing the risk recession this year. C&dess the economy slows 3|gwn soon, a recession 4toy be almost inevitable, 3sffie of them fear, mws concern is so acute key
    Washington Star.  -  649 words
  • Article
    Lock icon TAX RULINGS WILL AID SMALL FIRMS
    185 12 Reuter NEW tax policies announced by the Indonesian government last week are aimed at helping smalland medium-sized companies. In a television broadcast, Finance Minister Ali Wardhana explained a decision in which taxes will be cut for foreign and domestic concerns which make profits of
    Reuter  -  185 words
  • Article
    Telecoms won't compete with private sector
    538 12  -  By COLIN CHEE THE TELECOMS will not compete with the private sector for business which the latter already enjoys and will continue to pass on savings to consumers when its operational costs are further reduced in future. These assurances were given by the statutory
    538 words
  • Article
    LONDON STOCKS
    801 12 LONDON, Tues. Market prices generally retreated ahead of the budget announcement. dealers said. At 3 p.m., the Financial Times index was down 6.0 points at 526.2. Government bonds closed with losses ranging to 1/2 point having opened slightly firmer, while among leading industrials initial small gains were replaced
    801 words
  • Article
    Lock icon Abu Dhabi levies US$4 surcharge on oil
    217 12 AP ABU DHABI Jalaed three •ttcr BMbm at the Orgastoallas sf Petraieam fttytN Csaatries la rsr (Ss-isrv'Tiiiii aareharge m ail prieca. Bat Mexiee, vklek paw ally fellews the cartel's prfctas aellelea altheacb It to eel aa Opee member, saM it will Mt Immediately
    AP  -  217 words
  • Article, Illustration
    Lock icon Fallout from US N-mishap: rethink in Asian countries
    335 12 AMERICA'S nuclear power mishap is spurring many Asian nations into examining their own facilities and observers feel the accident may have long-term effects on their views of the atom. Inspections at Saath Korea's first nuclear power plant have found some radioactivity leaking
    UPI photo  -  335 words
  • Article
    Lock icon Bolivia may quit tin pact if price bid fails
    469 12 AFP BOLIVIA and some other tin-producing nations may pull out of the International Tin Agreement if their joint efforts to raise the price of the metal fail. The Bolivian Minister of Mining and Metallurgy, Brigadier-General Jorge Eschazu, said at a press
    AFP  -  469 words
  • Article
    Bank loans fall after a 10-month rise
    427 12 THE LATEST report issued by the Monetary Authority of Singapore (MAS) on domestic monetary developments shows that bank loans in February had fallen for the first time in 10 months. The long spate of monthly increases in loan volume came to an end
    427 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      91 12 TROPI-COOL AIRCONS take pride of place among the best TROPI-COOL car airconditioners are Americandesigned and engineered specially for the tropics. There are none better for the price. Tnopi-cooi. 1 year warranty Robust YORK or ABACUS Compressors In-dash and under-dash models available Superb back up service t I i I r>
      91 words
    • Advertisement
      Page 12 Advertisements Column 2
      190 12 NOTICE To the holders of the floating rate U.S. D Certificate* of Deposit due sth Aprt, 1961 of: UNITED OVERSEAS BANK LIMITED UOSMMng No.l, BonhamStret, fWTWS rMOI, Singapore 1. We hereby certify that the rate of interest payable on the above-mentioned Certificates of Deposit for the Interest Period beginning on
      190 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      60 12 WEATHER Outlook for Singapore from 6 a.m. to noon today: Local showers around midday Report for 34 prior to 1.3$ p.m. on Apr 3 at the airport. Maximum temperature 31.9 Associated humidity 69 Minimum temperature 23.7 Associated humidity 100 Hours of sunshine 4.7 Rainfall in millimetres Nil Total rainfall for
      60 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Further ship aid talks
        79 13 Reuter THE Dutch Cabinet will continue its talks on the possibility of further aid for the shipbuilding operations of the Rijn-Schelde-Verolme Machinefabrieken en Scheepswerven NV (RSV) group on Monday, when a decision is possible, Prime Minister Andreas Van Agt said. The question is technically and economically
        Reuter  -  79 words
      • Article
        Lock icon New shipping ordinances
        111 13 Reuter The merchant shipping ordinances of Sabah and Sarawak will be replaced with a new set of shipping rules that could be applied throughout the country. Acting marine director for Sabah and Sarawak, Captain James Anggang said in Labuan on Sunday that a committee had been formed
        Reuter  -  111 words
      • Article
        Lock icon Surplus facilities sale
        66 13 Reuter THE Specific Shipbuilding Business Stabilisation Assocation, a semi official Japanese body, will soon start to buy surplus Japanese shipyard facilities to help the industry tide over a protracted shipping slump, the Transport Ministry said. The association has decided to buy unnecessary assets from the Hakodate Dock
        Reuter  -  66 words
    • Article
      NOL aground on US rules
      592 13  -  LINE MAY SEEK LISTING By RAHIM KASSIM NEPTUNE Orient Lines has failed in its attempt to pull itself out of the strangling arms of the US Controlled Carrier Bill that has been enacted as the Ocean Shipping Act 1978 late last year. Officials from the
      592 words
    • Article
      Lock icon London freight
      182 13 UPI LARGE Mobiied carriers made aa incursion late dry cargo markets m both voyage aid timecharter basis la Ike North Atlantic, Archer DaaleLs Midland fixed the bulk-oil carrier Cayaga with a 75,MMaa of U8 Golf grain far Halland April 11-21 pidttia at UBSI«JS (FIO). En ■Idesa Unas while,
      UPI  -  182 words
    • Article
      Lock icon Rates uplifted as tonnage stays short
      550 13 AFP VERY lucrative freight rates were being paid to shipowners last week as tonnage remained short. Buy payments were a little below the recent fiveyear highs in some cases, although fixtures reported were often more than a week old as charterers insisted on secrecy
      AFP  -  550 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2953 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      2,953 words
    • Article
      INDEX
      540 17 Shipping Uh ACS n 5 Afea IV 3 Alfred V 3 Alpac IV 5 Angkutan IV 4 ANL I 1 APL m 2 Arya Nat n 5 ASCL m 5 Asia Merchant IV 3 Aust.Coftt IV Bank n 5 Banner V 4 Batam n 2 BBS n 2 Ben
      540 words
    • Article
      Container Schedules
      1011 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (l) 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
      1,011 words
    • Article
      Who acts for whom
      854 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Adriatic Container— Con- Kyosei Line— Kyoeei Ag- tainer Feeders. AFEA Line— Singapore Shipping. Ahli Shipping— Sharjah. Alfred C. Toepfer LineIn termodal. Algerian National Line (CNAN)—Unipacific. Alpac Line—lntrasea. Anhsing Line—
      854 words
    • Article, Illustration
      New faces at Marintec Asia '79
      781 18 THE SHIPPING industry in Singapore will have the unique chance to look at balloon off-loading equipment when the firm. Flying Scotsman Inc. sets up an exhibition booth at the Marintec Asia '79 exhibition here in June. Marintec Asia, a mammoth exhibition on marine technology,
      781 words
    • Article, Illustration
      SHIPS IN PORT
      433 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Gelang (0600 Subject Freeboard) 19 Dong Min (0600 Subject Freeboard) 29/30 Eastern Muse (1130 tide after Timur Star) 18 N Equator (0700) 15 Jersey (after Profesor Rylke) 31/32 Kaenary (after King Pearl) 23/24 Kallang- Hero (Barge) (0600) 28 Pha Shwe Gyaw
      433 words
  • Page 13 Advertisements
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      569 13 l:\vreft Lines MM TMI MOST FIIQUCNT SAILINGS TO BAMOKOK HONOKONO JAPAN PUSAN. Kvaratt ttMmaMp Corpn. t/A Cl'Hord 9000" i T* «MI4 J*. «mc* V'wt Wi J* 101 OCBC »dg T 2144T POM K«M V« SOCSMI# CO tHO T«» JS77?T/« .1 AR I) I\ I \\l\ll Orient Overseas Co*dcu*teA. Line »lU*
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      Page 13 Advertisements Column 2
      278 13 asms fSI SEALORD UU ANTAH H A UASC UNITED ARAB SHIPPING CO (SAG) 11 All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. [ARABIAN GULF WEEKLY SERVICE 1 1 Vessel S pore Loading for S pore Loading for Jeddah (27/4). Hodeidah (29/4). Aqaba (6/5) )«Mah
      278 words
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      Page 13 Advertisements Column 3
      238 13 NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE N CORAI* c N KMI C MUE K IACEWOM HK CONTAMR MERCATO* 0 C»*f H. CORAI Spare QeaMf Tnei fa Carf* 14M 4 V ia c*tt tm«% Mm acceptor cart* to/Ha ScMbuna C MUE SaM KOREAN IACEWON SaM HK
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      Page 13 Advertisements Column 4
      724 13 WEEKLY CONTUNER SERVICE to/from BANGKOK See Page IV Column 3 for Sailings Aqr nts SINGAPORE SHIPPING AGENCIES PTE LTD MARKETING *****? GENERAL 91 Jlll A Vmj EURO ASIA L ifof SON BHD K I ***** 1 P I A\l> *****1 1 PENENG *****/2 MAERSK LINE EZX3 irm? LL Matnk Ptato
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      Page 14 Advertisements Column 1
      755 14 JfHapagrUoyd FULLY CONT MOUSED TO EUROPE Caf*anßar lafiMn Mm MM Ek«Mav uw»Mian EXPIIESS COfNENTIONM. 10 EUROPE Spat PJMa* fm mm Sum HW{ Bmm Ua Mm kvMa 14/4 16/4 19/4 15/5 24/5 22/5 19/5 17/5 28/4 29/4 1/5 28/5 21/5 8/6 6/6 3/6 1/6 FULLY CONTAINERISED TO GEMM/TMESTE Spa* P Kctmi
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      Page 14 Advertisements Column 2
      363 14 t 2-3/5 $4/5 1 w W/L/L r ,//'/j V APABIAH ~ZDULJ A*C ißava* PORTS I semmhntabo service (HEAVY-UFT CAPACITY 200 TONS) T« DUBAI. DAMMM KUWAIT, ABU OHM. BAMRAM. BANMR SHAHPOUt TARONGA Voy. 14A Singapore G. 1-2/ Apr 4 TIOS Voy. 1A Singapore Apr IC/17 TAMANO V*y. s*. Singapore May S/7
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      Page 14 Advertisements Column 3
      580 14 EVERGREEN LINE FAR FAST FUROPF FXPRESS FULL CONTAINER SERVICE ACCEPTMG CARGO FOR HAMBURG. FELIXSTOWE. ROTTEROAM. ANTWERP IE HAVRE ALSO ACCCPTNC CARGO FOR: UNTED KINGDOM SOUTHAMPTON. LONDON. MANCHESTER. BIRMMGHAM. BRISTOL LIVERPOOL GLASGOW. LEEDS WEST GERMANY BKMEftHAVEk HOLLAND AMSTERDAM Spn IMwt ffclwi Mteii btmmf It Have Irm »V 19 May 211% NMy
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      Page 14 Advertisements Column 4
      941 14 Everett Lines 'BURMESE NATIONAL LINE" LOOTS MM RANGOON T WT n/1 BFS SC Agents in Matoysu TEPS MALAYSIA Pori Kaiang Tpl (381 7366 Panang T«f *****/***** NmiMoa It—rtwrtd 1A.C.1. F. "ARGENTINE NATIONAL LINE" CtA Tra«|KWt»ci»« Ihritiw Mwicw S. A. "MEXICAN NATIONAL LINE" m ust/mdko t comui unci mn "an TMM
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      Page 14 Advertisements Column 5
      559 14 aurruiu linco, w Jt April 1, IWI9 rmo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 210? run risTFIOOR f.«ARi\A HOUSfr SHF\TO\WAV MISTRIROA!) SIV.Af'ORf Tft ?2C::i4 7i***** 70 SANKYO LINE U v MOT SKT TWRJR ST Aft.... 10GBTIC ACE. AUSTRALIA SERVICE P. Katang S**are Lm* SaM hhrt MIL 5/1 V 15/27 Apr
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      616 15 QCL Overseas Containers Limited Urmpoetßay STm UHMR U. Htwt Bre* 14m Hwre SIM PKaiang S»oi< M PertK SjM SjM SjM faM UU »%r WUS Imp Mm bM SjM SaM Uri MAp U% WIS Oukj bf SjM SjM W SjM WU 14 Mr HH. BU I*. KB EfteMm SjM SjM SjM
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      Page 15 Advertisements Column 2
      912 15 GRANARD LINE RELMOU OfPOMMf NEST BOUO-F m mhos noons usm Mr MM MNG 1.25*... 14 Aby 17 Ahy MMWuun mu soma M EAST/«EDIItMNCM tar MMi/PSaiw/ PSaM/Ateundru •cnt/lnassol/UlUu/ Pnaas/Trtoh/Btaihaa/ MMi/P Saul AJaaadria/ Barat/lattataa hmn/Tnpok/BMftaa Mlah /P SaM, ABundna Barat/Laltakaa/Pvcau/ Baufhan/Tnpoh/Waatal mi *ssas Acctrrw com mo cjmgo EAST BOUND4EHTEMMCM/FM EAST iV. IK.
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      Page 15 Advertisements Column 3
      809 15 BEN LINE CONTAINERS exness comma srke to/from aw m!** rM IW I0I Spot P Mm| mtmwmn/tmb* Mn, f«wMUJL 1 v 22 22 <v 5) ..m *2 ia v» v» v; v» (i4/s) a/4 U—P"I«T »2 3V5 ia ia v* tmmm 14/5 VI M <(U) I/I Iraa Mm 19/5 21/5 12/f
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      Page 15 Advertisements Column 4
      375 15 Scan Dutch V WEEKLY EXPRESS CONTAINER SERVICE LIT'3'TTViI I an i OMr) w n/« Kin ri*i < uri*|M2/i SCANDINAVIA CONVENTIONAL SERVICE TO EUROPE IsfP" P Mmn p«m I r TMJHT «IMHW Apr 14/1$ ft* %n ftpr W/17 IN 17/17 FOt CbUnca lotion R dam H t*.ri Oslo. C lufM MjMot
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      Page 15 Advertisements Column 5
      568 15 Y BOUSTEAD SHIPPING AGEMCIES THE BANK LINE LTD. LOADS FOR L ft S. AFRICA 'ROM (AST t SOUTH AfMCA S pore Uk)Mii P M*n(M«jMay FOR BANGKOK MANIA PMm S port 9/19 Rpr LVKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobfc, Houston, 6 iveston) Sa«apare P Kata* Pcna* US
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      856 16 >'-"K"line KAWASAKI KISEN "KAISHA. LTD. N CORAL IZW C PAUL 15W PEARI 14W C RO2l 13W KOREAN lACEWON 7m (atcwkwg opn to ScanMnama n IMafavg) FROM EUROPE TO FAR EAST tnut erf Iftog. Hw. tai I'm a«d U Hnn) AGENTS SPORE NEPTUNE AGENCIES PTE LTD let *****11 MALAYSIA KONTENA NASIOMAL
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      Page 16 Advertisements Column 2
      777 16 1 J W2m E.C./GREAT LAKES SERVICE LOMMC FOR: *W TOM. KXFOU MLTMOH. I HONTKAi. TORONTO 24/25 Apr Mbi 20/27 Apr wni* O/MBM u/ij My CAUFORNA/PACffIC NORTH WEST SERVICE Lw*| tar 10$ ANGELES. SAM FIMCBCO. SEATTLE. TACOHA. VANCOMB. U Pwum r. mm iipn i. AnpaM "S.O MEGHAIAYA" 5/7 My 7 Jan
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      Page 16 Advertisements Column 3
      436 16 S »roii|) SINGAPORE SHIPPING AGENCIES PTE LTD ;0!h (iOOX t A». Bun 0 S._, S'Ni-.APOB( Vid'H Nu .MS GE NE RAI. 9'J'" '4 uNIS' TflE« «S «S .'•SbR A B CABSMiP AB i E CAHGOSmiP \jOL SI\(,APOKt. ISLANDS U\E w r MIDDI t EAST REdL'LAR USER A SAFE WAV TO
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      Page 16 Advertisements Column 4
      787 16 MM MALAYSIA* INTERNATIONAL SHIPPING CO*KJ*ATtON BCHHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTtNENT/SCANDINAVIA WIST BOUND: fftr fUM) Vestal Sim 1) Msoks 2) Mm 3) Hburf I) Ctart (ILAAOBA M TOYAAA In Port 17/4 22/4 24/4 2S/4 fMNCtSCA 7/4 MBBKAM 10/4 24/4 29/4 1/5 S/5lIEAMOBA 14/4 HOUIMAN 11/4 1/5 4/5 l/S 10/5
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      Page 16 Advertisements Column 5
      809 16 INTRASEA (PTE) LTD f .iber Housp 234E Orchard Road Smg3po r e Q Telephone *****11 2354C57 K9IW NXrottNT SOI/FULL CONTMNER SERVICE TO EUROPE S port f Mm| Ptnaa| LaadNl tar MM MM 22 to 24 to MMafWHip^ Afeab Sa«*art MTMSA (PIC) 11> 215*11 HOOK 23MH7 a inp> *0 wmm iww
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  • Page 17 Advertisements
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      170 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DRECT LINER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) STORE PT KEL PENANG PT SUEZ PT SAD MIX tftEU Ap> 13 Ap 21 Mar 4 «HNXU Iby 17 Ifcj3l IMS Mpct Mkmml MM TRAMS CAKO ft£AS£ CONTACT socmn SMGJVOK -TU 235*711 FROM EGYPT
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      183 17 NOR lENT LINE East Ro-Ro Service 3& kmc amp Lfoa srom iu. am nmm UM MPT II DPI 13 in It M It WT 21 MKT 74 HUT IS Ml 2t M 27 M M M JM 2 SH J U 3t U 4MX IWEI2MK IS MS F>l/?G0 SHIPPING COMPANY
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      Page 17 Advertisements Column 3
      104 17 ALFRED C. TOEPFER LINE REGULAR SERVICE TO MEDfTEMAKAN PORTS Of ITALY. SPAM. FRANCE IMB SBNRC s*m*o anrtcs TRnn^poßT CENTRAL GULF. EXCLUSIVE LASH SERVICE TO U S. ATLANTIC GULF 11/MCa 19* K«pr II m M i/ 4. M 13/4, M 25/4. mi ORIFNT LLOYD P H ORItNT JBb > LLOYD (H)
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      Page 17 Advertisements Column 4
      176 17 DUTCH FAR EAST LINE (DUFEL) i h r*M. KWt ai I On H|Mh Mounts (J) n* IM TQ 271M2? (I Uwi) ami IB.: *****4 P.T. PERUSAHAAN PELAYARAN NUSANTARA "BAHARI" iftud SANU WT */n BANTEN VOY 7/M £10 Destwab 9 Ao> MarU IS Apr Otto* Acents: BANNER MARUME PTE. LTD. ian22U.2MFUL.MMS
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      79 17 NIGERIAN NATIONAL SHIPPING LINE NNSL—FAR EAST/WEST AFRICA RIVER, RIVER JMMMt KEREWA Singapore 24/25 Apr 22/23 May ETA: LAGOS 17 May 14Jun Pt Harcourt 25 May 21 Jun Douala 28 May 23 Jun Tama 30 May 2t Jun Abidjan 2 Jun 26 Jun (accaoMna braalrlmllT /rttnfatnara) AG£MTS BOUSTEAD SHPPMG AGENCES Td:
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