The Business Times, 25 April 1979

Total Pages: 18
1 18 The Business Times
  • 12 1 BUSINESS TIMES M.C.(P) No. 14«/l/7» WEDNESDAY, APRIL 2*, 197 i 50 CENTS
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  • BRIEFLY...
    • 85 1 AP, AFP. SALISBURY, Tues. Bishop Abel Muzorewa was elected Rhodesia's first black Prime Minister today when his party easily swept a majority of seats in parliamentary elections. The United African National Council led by the diminutive, 54-year-old Methodist bishop won the right to inherit the troubled leadership
      AP,; AFP.  -  85 words
    • 73 1 AFP. JAKARTA, Tues. Prices of imported goods began to move up today while many Indonesian businessmen cancelled their import contracts following the government's decision to raise import duty on 400 items. Business circles in the city said they feared the increased duty would cause a pile-up of imported
      AFP.  -  73 words
    • 62 1 AP. BANGKOK, Tues. Thai Prime Minister Kriangsak Chomanan announced today he is ready to form the next government with the support of several political groupings elected in Sunday's general elections. General Kriangsak's announcement came after a meeting at his home with several politicians who informed him they would
      AP.  -  62 words
    • 62 1 AFP BANGKOK, Tues. Heavy fighting between the two Kampuchean factions continued to rage along the Thai and Lao borders today as tens of thousands of refugees poured into Thailand Reliable estimates are that at least 40,000 Khmer Rouge soldiers and their families are preparing to flee into
      AFP  -  62 words
    • 78 1 AFP OSAKA, Tues. The leading Japanese department store Daimaru will set up a joint venture company in Singapore to open its fifth overseas store in 1981, it was announced here today. Daimaru said it would own 40 per cent of the equity of the joint venture company, "Singapore
      AFP  -  78 words
    • 84 1 AFP BRUSSELS, Tues. The European Economic Community has warned the United States that a protectionist stance by the US Congress could upset the Multilateral Trade Negotiations (MTN) aiming at liberalised world trade. The EEC attached fundamental importance to Congressional approval of the mid-April outcome in its entirety. A
      AFP  -  84 words
    • 44 1 UPI KUALA LUMPUR, Tues. The United States will accept at least 40,000 Vietnamese in Malaysia over the next 12 months in an effort to dissuade Malaysian authorities from turning away more boatloads of refugees, US refugee coordinator Dick Clark said today UPI
      UPI  -  44 words
  • Chief Price Chances
    • 138 1 Rises Most Active Tganu Dev 181 10 Berjaya Kawat 200 6 Tganu Dev 279,000 O C B C FAN K L Kepong Dunlop tnd 895 5 Consplant 230,000 555 287 472 5 5 +4 S Darby F Merlin 210,000 210,000 Y H S 402 +4 Total Turnover: 2.65m Sime
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    • Article, Illustration
      146 1 Rises Most Active Mentakab M Glass T'gganu Dev Esso Ord SEA Lumber 330 220 181 444 219 +62 +09 +09 +06 05 Tganu Dev Consplant S Darby Utd Plant 314,000 163,000 145,000 138,000 S. Trading 635 +05 Total Turnover: 2.31m UE(M) 107 05 Total Value: M$5.34m Falls Indices
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  • 841 1  - Shifting lock, stock and glass SG IN $30 m EXPANSION By RONNIE LIM SINGAPORE Glass (SG) is preparing for a big move to Jurong industrial estate from its present Henderson Road plant, with the transfer and planned expansion of its bottling and packaging operations expected to be completed by 1961
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  • 206 1 HAW PAR Brothers International has been asked by the Stock Exchange of Singapore to reveal "as soon as possible" the date when negotiations first commenced for its purchase of a 36 per cent stake in Setron Ltd. The SES also wants to know the names
    206 words
  • 611 1  -  By JOHN TAN Economics Correspondent SINGAPORE'S success stems from the Government's policy of keeping citizens well-informed about national plans and objectives. This way of explaining government actions has been effective in gaining support from the population which shows a high tendency to comply
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  • 246 1 TWO MOKE KH«U kub will MM epM (Mr afßeM la Sagapan, farther larrradag the wpniMiittM «f Kmaa hah here. The Hjuril Baak aad the Baak «f Soml aad Trast Cempaay will he apealag their repreaeatattve affleea here after havlag km graated per nib>*m by
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  • 532 1  -  By MANO SABNANI SIME Darby Holdings will return in strength to make another bid for Guthrie Corporation within a year and this time it will succeed, predicted Mr Peter Robertson, the investment director of the big British-based M and G Unit
    532 words
  • Page 1 Advertisements
    • 33 1 whatever you need in menswear, get it at... MOHAN'S DEPT STORE (PTE.) LTD. 321, Orchard Road 1M *****22 (nest to Mandarin I total) Branch: 10t,1engNnShopping Cent* IN *****40 Daily :9am-9pm SEE BACK PAGE
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    • 196 1 Biggest, Broadest Boom Yet Positive Evidence Which Contradicts Negative Theories While conventional analysts agonize over inflation. Vietnam and recession risks, technicians at CAPITAL GAINS RESEARCH project the New York averages to over 2,000 and talk of a global boom surrounding, the new Chinese emergence which will involve communications, resources, transportation
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    • 51 1 IJ2MDS SHIPPING TIMES Make sure you get your complimentary copy of the Asian Wall Street Journal. ELECTRONIC MmpMeat dil«mmi i TOP Uple far HOW ADB PIM frsat to m the ML RE-SATING «f ÜbM Hie ea retell Mb. MEMOPAD t, CSOWWOBO 9, AfBCSAVT SCHEDULE i, TV RADIO FOREX t, BHABEB
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    • 121 1 A Olivetti, Europe's largest manufacturer of business machines, salutes the secretaries of Singapore on their celebration of International Secretaries Week, 22nd 28th April 1979. In conjunction with this event, Olivetti is sponsoring the Olivetti Quiz Hour for members of SAPES, to be held at Sir Stamford Room, Hyatt Hotel, 26th
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  • TRADE AND INDUSTRY
    • 767 2  -  By Our Reporter EXPENDITURE for equipment and materials for electronic components production in Singapore is forecast to reach US$ll5 million (***** million) yearly by 1980. According to a US Department of Commerce survey on equipment and materials for electronic components production in Singapore, the
      767 words
    • 333 2 PORT KLANG'S three major extension projects the dry bulk terminal complex, the north port liquid terminal and the ro-ro ramp, currently undertaken at a total .cost of more than Ms4o mil ion, are due for completion by 1900. The second phase of the
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    • 44 2 THE Annual Anzac Day dawn service will be held at Kranji War Memorial Cemetery today at 6.00 a.m. The annual ceremony is held for both the governments and people of Australia and New Zealand to commemorate their dead in the wars.
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    • 97 2 A DIRECTORY on new Australian products and their suppliers has been published by an Australian company, Peter Isaacson Publications. The directory, Australian Exports, lists Australian products sold in the international market. Names and addresses of exporters are also listed together with their telephone and telex
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    • 68 2 THE MINISTER for Communications, Mr Ong Teng Cheong, will officiate a ceremony to present awards to post offices and postal staff at the Port of Singapore Authority Auditorium today at 10.00 a.m. Winners of the 1978 "BestKept Post Office" competition will receive their trophies and certificates.
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    • 120 2 A TEAM of choking experts and leading TV star Nera Daza frem the Philippines came to Singapore to stage a cooking demonstration on Philippine cuisines at the Bnldt Timah Plasa early this month. Mrs Imeida Jimenez, wife of the Philippine Ambassador to Singapore, opened this
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    • 56 2 A FORUM on "The Role of the Communications Industry in Developing Nations" will be held on April 28 at the Century Park Sheraton. The forum will discuss developments in the communications industry in the West as well as the East, the applicability of practices, trends and technology
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    • 433 2 A.A. TEG EL Pty Ltd, an Australian company which supplies quality breeding poultry, has found two of its fastest growing markets in Hongkong and Malaysia. It recently sold 16,500 breeding birds to Hongkong and a leading Malaysian breeder has commenced operations in egg
      433 words
    • 253 2 THE American Express International Banking Corporation has announced the appointment of Mr Ojfe Weadei as assistant vicepresident in charge of the credit department. He replaces Mr Bob Used, who has left to take up his new appointment in Paris. Mr Wendel joined AE3B (New York) in February,
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    • 109 2 IN A BID to sell one million dollars worth of donation draw tickets, the Singapore Anti-Narcotics Association invited the public to take part in a Charity Quest Competition last November. Fifteen schools and 154 individuals from government ministries and companies responded to the invitation, and as at
      109 words
    • 57 2 THE MINISTRY of Health is organising a month-long national health campaign against "Diseases due to harmful lifestyles," from Sept 28. The campaign will focus on five diseases which are linked to stress, or to a lifestyle that place the person at risk. The diseases are hypertension, ischaemic heart
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    • 338 2  -  By JOHN LIM KINKI Industry, specialising in the chemical cleaning of pipes, will be officially opened tomorrow. The company has been in operation since the middle of last month. Managing director Kazunori Tkamori said business is expected to reach an equivalent 300-500 tonnes of pipes in
      338 words
    • 452 2 COURSES AND TALKS March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development April 1-30: Industrial labour organisation (residential course), RELC, Industrial Labour Organisation of S'pore April 2-27: Business management module 11, RELC, NPB April 10-26: Compensation and Fringe Benefits, Holiday Inn, Personnel and Organisation
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  • Page 2 Advertisements
    • 64 2 INDEPENDENT CONSOLIDATION SERVICE TO: EUROPE, TAIWAN, HONGKONG, AUSTRALIA SAVE ON SHIPPING COST CARGO BY PRACHT SPECIALISED IN SEAFREI6HT consolidation service WAREHOUSING GENERAL SEA FREIGHT PROJECT SERVICE AIR FREIGHT REMOVAL SERVICE CALL: *****88 5 lines PRACHT INTERNATIONAL LTD. Suite 1301/1304, 13 floor. Tunas Bldg., 114 ANSON ROAD, SINGAPORE, 2 CFS: NG
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    • 3 2 Leader Page I
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  • REGIONAL
    • 298 3 AFP A LEADING Indonesian Member of Parliament yesterday criticised the government's decision to raise the import duty of some 400 items, saying that it was in effect a correction of the rupiah devaluation. "The government's announcement last Friday (raising the import duty) is
      AFP  -  298 words
    • 115 3 AFP OVERSEAS Chinese in Indonesia have been accused of spreading communist ideology in the country, it was reported in Jakarta yesterday. Information Minister General Ali Murtopo was quoted by the independent Jakarta newspaper Berita Buana as telling a meeting in the Indonesian capital that "yellow
      AFP  -  115 words
    • 57 3 THE FIRST American sports delegation ever to visit North Korea arrives at Pyongyang airport on Monday. The team of table tennis players will play in the world championships here. Accompanying them and waving to Korean well-wishers Is UPl's UM^hot©* 6 11 Crab be, who is
      UPI photo  -  57 words
    • 613 3 AFP Reuter AUSTRALIA'S rising inflation rate, now at 8.2 per cent, has been received with gloom in most business sectors of the country. Simultaneously, the first reaction to Prime Minister Malcolm Fraser's telecast appeal for wage restraint was an attack from ACTU union leader, Robert
      AFP; Reuter  -  613 words
    • 397 3 Reuter, AFP A TOP Chinese official of the state Economic Planning Commission yesterday gave some guidelines on how to improve industrial products in China. Vice Minister of the Commission, Mr Yue Zhijian, said that "a major task of (China's) industry today is to improve rapidly
      Reuter,; AFP  -  397 words
    • 124 3 AFP UNITED Natlaas Secretary-geaenU Dr Hart Waldhelm yesterday expressed deep CMoen ever the lacreasiag laflax sf Vietnamese refagees late Malaysia aad arfgkhsar lag esaatries. He said that despite srgaalsed U sited Nattesa aad lateraatlsaal effects te resettle then, there were still a great Banker st refagees
      AFP  -  124 words
    • 100 3 Reuter A HUGE international trade fair opened in Tokyo yesterday with its 10-day exhibition period expected to touch off hundreds of million dollars worth of business. Taking part in the 13th Tokyo International Trade Pair are 2,190 companies from 63 countries as well as the
      Reuter  -  100 words
    • 68 3 Reuter THE Philippines government, battling an inflation rate climbing above 12 per cent for the first time in four years, is fielding mobile mini-markets selling cheaper meat, fish and other basic commodities. The move, ordered by President Marcos, is designed to benefit the poorest families who do not
      Reuter  -  68 words
    • 182 3 Reuter THE MALAYSIAN ge vejahaMhe* JliiH llsc Faiplajma Ualea (AEU) detalaed wtthaat Ncutty law*. The (laterfar) Mlalstry all tv» tte efllrtsls were rdeued ywrtfi 4»y fiv itbfnt M April 11. IVy were ia«g a AEU activists detalaed la Fehraary fatiawtag ga■lew aad wrhtarale campalgas
      Reuter  -  182 words
    • 774 3 THE THIRD Asean-Japan forum in Kuala Lumpur on April 26 and 27 will deal with trade, aid and investment issues, with emphasis on trade matters as Asean considers trade to be the most important of the three. Trade is, in
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  • Page 3 Advertisements
    • 282 3 w The budget minded copier. r, si *3 A. The Minolta EP 510 was especially designed for the mid range user, or around 5000 copies per month. Our objective was to design a copier that would give sharp clear copies and at the same time give years of economical operation
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  • Page 3 Miscellaneous
    • 615 3 LI TWO-IN-ONE CRYPTIC PUZZLE ACROSS 1 It's all incomprehensible to me (5) 6 Cheeky colour (5) 9 Smith townsman with a title (7) 10 Like electric blue? (5) 11 Intends changing names (5) 12 He appears to be entertaining (5) 13 When wronged, even Reg may take it (7) 15
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  • RAW MATERIALS
    • 449 4 AFP. QUIET conditions usually prevail in the sugar market during the Easter season, and this year has been no exception, Czamikow write in their latest review. The factor which may have the most lasting effect on the market has been the announcement that the Coca-Cola
      AFP.  -  449 words
    • 280 4 SINGAPORE'S total exports of rubber rose by 10.3 per cent in January against the same month last year. Exports of all types of rubber and rubber latex increased by 9,020 tonnes to reach 96,228 tonnes in January against 87,206 tonnes a year ago. Department
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    • 303 4 COMMODITY traders yesterday reported a dull session on the Singapore produce market, reflecting lack of active interest. Prices were quoted generally unchanged with little trading taking place. Copra prices, however, were marginally lower. A copra agent said traders yesterday quoted slightly lower prices averaging a |1 per picul
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    • 195 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) (Mm yam: China Blue Phoenix 20b 1,410; 3* 3.840 40* 3.080 (per bale of 400 Us). PltM (Mil: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 745 4 COFFEE: Robusta futures closed the morning steady near overnight levels but £5 down in spot May to L 8 per tonne up in untraded distant May. September ended the morning unchanged. Turnover was 1,170 lots including 10 options and around 590 lots of cross trades. Dealers said that,
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    • 65 4 CJ.F. North European port*, In US dollars per ton unless otherwise stated. LONDON: Malaysian &Hffa bulk per tonne Mm PnvtoH June unch Sfltelr Sumatra 5* ffa bulk April saosir 685slr May 675 "»d <577'*pd June OTOslr 670pd July Stoslr MO/857 ipd August flflOslr 055pd Nigeria 5S »a bulk
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    • 1045 4 Agencies. CHINA'S recent cancellations of US grain purchases have provoked considerable interest from various government agencies, but officials have been unable to pin down the exact reason for China's cancellation of the wheat and corn orders. The Central Intelligence Agency expressed interest after
      Agencies.  -  1,045 words
    • 326 4 OPENING prices in Singapore yesterday were marked down about 1.25 cents on lower London and Japanese advices and the market thereafter eased further in subsequent trading on lack of support, upcountry and local selling, dealers said. Forwards, however, were maintained except for July/ September 1979, they said. The morning
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    • 356 4 R.A.S. price* In cents per kilo yesterday Noon (per Ulo) Buyers Sellers Int. 1 R-S S prompt f o b. 288.00 287 00N lot 1 R.S.S. May 282.00 282 50 Int. 1 R.S.S. June 278 75 279 25 Int. 2 RS.S. 274 50 275.50N UK/Coat 273.50 274.50N Int.
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    • 106 4 NOON SSI ■AS and SMR pncaa r-Urday May laaa (Carnal Mttl Bajrara Saltan B«y«i r»H MU) ra Saltan SSR20 (1-laa pattat) 271.00 273 00N ***** 27SOON SSRtO (1-toK pallat) M8.00 270 00N 288.00 270.00N MREl.B SMRCV (l-u» pallat) 290.40 292. SON 288 50 291 SON SMRSL (I
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    • 62 4 THE BTRAITB tin price in Ptauc yesterday feUM$lB to $1,M9 s picei. Vslses fell tack reflecting iventght easier cm<l>lim li hmtm and lack of strong support at high levels, Men nli. A larger vahUM of metal, delivered by misers, totalling 2M tosses against 181 tosses sb Monday, also
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    • 29 4 Rubber April 24 Singapore: 281.00 cent* (down 4.00 cents) Malaysia: May: 283.50 cents (down 4.75 cents) Tin: $1,960 (down $18) Official offering: 240 tonnes (up 50 tonnes)
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    • 318 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crap O.K. 100 per cent second claw 0.85, 100 per cent third class 0 80. 25 per cent new crop no stock. B-10 per cent 0.75. THAI BROKEN: A-super OS2, Special
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    • 156 4 THE SUGAR futures market yesterday closed easier in continued sluggish trading, with no trades registered as on Monday, dealers said. May closed at 7.50/53 US cents against Monday's 7.62/65 close, July at 7.91/94 against 8.04/07 and March at 9.15/18 against 9.30/33 cents. Sugar futures closing prices: Pint—i CMag
      156 words
    • 152 4 CHICAGO soybean futures fell from midday gains to close lower on Monday. Prices were off 2Vi US cents to half a cent a bushel. Early support came from higher CBT silver futures and commercial buying of beans and selling of products on crush spreads. Many traders said they were
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    • 125 4 WHEAT futures in Chicago on Monday closed mixed in fairly light trading with prices up IV* US Cents to off 1/4 cent a bushel. Floor sources said many traders took to the sidelines ahead of the stocks in all positions report scheduled to be released after the close. They
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    • 204 4 Reuter. PENINSULAR Mftkyriu tin concentrates ©utCt me to 7,161 long tons in December lfJB from S3 tons In November mad 5,952 ton In December 1177, the Statistics Department said. This compares with total lf7B output of 81,989 ton against 79,991 tons in 1977. Tin experts
      Reuter.  -  204 words
    • 201 4 Reuter. INDONESIA'S soyabean imports last year rose 28 per cent to 114,000 tonnes valued at U5533.2 million from 89,100 tonnes valued at $22.2 million the previous year, Central Bureau of Statistics preliminary figures show. Indonesian production of soyabean rose to 530,000 tonnes last year
      Reuter.  -  201 words
  • Page 4 Advertisements
    • 95 4 TROPKOOL 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. Ttoopi-cooL AiR-nn»iniT>ONEß% 1-year warranty Robust YORK or ABACUS Compressors In-dash and underdash models available Superb bacK-up service TOP v ***** l ■„.l MINI
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  • OVERSEAS
    • 247 5 AFP WITH EIGHT days to go to the May 3 election in Britain, the opposition Conservatives led by Mrs Margaret Thatcher are still favourites to form the next government, but weekend opinion polls indicating a narrowing in their lead have caused some concern to
      AFP  -  247 words
    • 36 5 THE UK engineering industry could face industrial action by more than one million engineering workers next month if current pay talks break down, the Amalgamated Union of Engineering Workers president, Mr Tetry Duffy said.
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    • 57 5 THOUSANDS of demonstrators armed with bricks and bottles clashed on Monday In London with police. More than 25t demonstrators were arrested and many policemen wounded including one with stab wounds. The demonstrators were mostly Asians against the Nationalist Front Movement. Picture shows police carrying one
      UPI photo.  -  57 words
    • 289 5 UPI BUSINESS leaders in the United States gave strong, though qualified, support on Monday to the new world trade agreements recently concluded in Geneva but urged Congress to monitor compliance by foreign nations. "We very strongly support the Geneva trade agreements," Mr Lawrence McQuade, senior
      UPI  -  289 words
    • 125 5 AFP. UNITED Stoles industrial order book for darabte goods declined by 2.5 per cent In March, the sharpest drop In may month since last Jsly, Commerce Department flgnres showed. The department said orders were down by US$2 billion (854.4 billion) compared with last Febraary to a total
      AFP.  -  125 words
    • 743 5 ARRIVALS Service Local Operator Number Time From MAS MH671 0945 PEN/KUL CPA CXT10 1006 HLP GIA GA980 1030 HLP SIA SQ103 1045 KUL SIA SQ211 1045 HLP MAS MH605 1045 KUL GIA GA944 1065 PKU GIA GA908 1100 MES UB UB231 1115 RGN THAI TG423 1125 DPS
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    • 144 5 Reuter STANDARD and Poor's on Monday lowered the ratings on two of the Metropolitan Edison Company's securities because of the likely financial impact of the Three Mile Island nuclear accident near Harris burg, Pennsylvania. The rating agency said it lowered the ratings on the utility's
      Reuter  -  144 words
    • 226 5 Reuter. THE US textile industry expressed disappointment over the failure of US and Chinese officials to conclude a bilateral textile agreement during recent negotiations in Beijing. Industry and labour advisers to the US negotiating team said in a statement that while talks have
      Reuter.  -  226 words
    • WORLD IN BRIEF
      • 494 5 BILLION VENTURES Agencies JOINT economic projects planned by Saudi Arabia and Kuwait are valued at 2.3 billion riyals (about 551.45 billion), the Saudi Press Agency said. The two countries are planning 16 major projects including cement, foodstuffs and pre-fabricated housing plus feasibility studies on nine further projects including electric bulbs,
        Agencies  -  494 words
    • 754 5 Agencies MAJOR OIL companies in the US led by Exxon Corp's US$955 million (552.07 billion) profit have begun reporting sharp profit increases for the first three months of the year. Several other large oil companies plan to release first-quarter earnings this week, and
      Agencies  -  754 words
    • 404 5 Reuter. THE LEVEL of foreign car sales in Britain is frightening, said Mr Michael Edwardes, chairman of stateowned British Leyland. He said imported cars acounted for 55 per cent of the British market last month. ,"I find that a perfectly frightening
      Reuter.  -  404 words
    • 81 5 AFP. AN AGREEMENT by which governments will act harshly against polluters of the sea has been reached at the Law of the Sea conference in Geneva. This was announced by Mr Alexandrei Yankov of Bulgaria, chairman of a committee specialising in the subject. Governments are required under the
      AFP.  -  81 words
    • 193 5 WESTERN corporations believe West Germany will offer the best business opportunities in Europe in the 1900b, according to a survey published in Geneva on Monday. The 275 companies surveyed by Business International rated West Germany as the most promising European country both for marketing
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    • 130 5 Reuter. EEC Energy Commissioner Guido Brunner said the energy situation is worse now than it had been during the oil crisis of 1973/74. The problem then was the high price of oil. Now there is also a shortfall of supplies. The European Community's oil imports are
      Reuter.  -  130 words
  • Page 5 Advertisements
    • 87 5 •J Just pick up the phone and Emery picks up the responsibility. f V 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.
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  • 369 6 THE IN-DEPTH study nuyle by the US Department of Commerce on the future market for equipment and materials required by the local electronic components industry projects great potential for suppliers who are willing and able to fill these requirements. It is fair comment, by
    369 words
  • 402 6 THE PROCESS of industrialisation is something which appears to be only partially appreciated by Singaporeans. Too often, industrial development is taken to mean the setting up of factories and production of goods. And we congratulate ourselves on having done a fine job on the basis of
    402 words
  • 1289 6  -  Faced with a growing list of borrowers, the Asian Development Bank has had to ration its scarce funds. ALAN CHALKLEY describes how the ADB has dealt with this dilemma and how under these criteria, Singapore has benefited. ALAN CHALKLEY THE ASIAN Development Bank (ADB), in many
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  • Page 6 Advertisements
    • 151 6 Where to wine, dine and entertain... "In the GeoiganVftng of the Cocfcpt a splendid Period restaurant offering the choicest fare in the true British tradition where good tasfetriunnphsfrom Beef VJyiingtxi Bunerfly Rfletanda wide choice of traditional dishes lodning In a luxurious period atmosphere. Mfth service friend and toe praise us
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  • Page 6 Miscellaneous
    • 47 6 BriStaW r'UrJc Ih zkznZ S oue TO THC TVv» cHlofs of SflTupfliOM ftodteo^H" ts U»m fcE&RCT -Tv4PkT I STttL tvv)ST **e*m jou tup* (Pofve>fcrs of Vine u**es) Pv HPifIPeNS tv** OLD esTpensneo Rtfm wm. ee RtfccD To cuose rrs OeKTLCOieM OUK FfcfVteßS Hpjvfc, BOtN 7?* 3» *?f!
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    • 640 6 SiRA'D 10 OPINION IS A MUST GUEBT star the Mippet Shew teaight (Ipm, chaaael I) Is peel whei he taveafr gates a sertas sf MHlags lavelflii sadtrwsrld Anns. Oeest star Is we make the ptea fsr a sflghtly later slet fer all the deprived adults whs have Is miss It
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  • 2728 7 There are roughly 10,000 independent oil in the United States, most ot Cthem in Dick Gaddy's league. The Exxons "end up buying, refining and re-selling the Oil in the end, but it is the independents who set the pace and extent of exploration; who
    2,728 words
  • 763 7  -  FORUM j with Lynda King Taylor "OUT of sight, out of mind" when translated by computer into Russian then back Into English becomes "invisible maniac". This describes aptly many I have talked with when discussing their intraduction to the computer. It is said that
    763 words
  • Page 7 Advertisements
    • 48 7 Where to wine, dine and entertain 1 BUSINESS TIMES c 1 11 i< s i i \< i n-;< sn )i ;i >() \hi l.'-l I\\ W t I. I! ir;! v r< A I. I\ I 1 V. *•< Wl T HYATT A l< y 4 v /AMI l
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    • 99 7 Feast tike an emperor at Chinatown w 1 Id :>* is EZSiw iv. j**'.# 9 V 4 im< bW Our chefs can whip up culinary delights that wo«ild excite even the most demanding of emperors. Here at The Chinatown, we serve the specialties of three styles of Chinese cooking: Szechuan,
      99 words
    • 46 7 When the sun goes down let the MIDNITERS entertain you with favourites A terrific, top-rote 3-piece bond entertains ot the VAN DA OAR. the cosiest waterhoie away from the atyi #MDABAR HAPPY HOURS fio" 1 s.i'tv (ieneroos 30 discount on 3!) d "i»s Si'Xjcporo OochTd Inn
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    • 34 7 m -4 nnw&imt, i*®ddtag>i§| birthday or any crther apedcrt oconion wilh ftycioiHy cok— fay pf y cooks of Hotel Royal tornado. Let u» make your moment*remembered. :^g|| .Contact! fitOqwrtmenf 7 SMtft f: 0m 'j
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    • 36 7 HOTEL TAI-MN 24-HOUR COFFEE HOUSE KJ* I fi auT I Bak Koot Tay $4.00 Hokkien Mee $3.75 Indonesian Satay $3.75 per dozen Hainanese Chicken Rice $5.00 SATURDAY SPECIAL LUNCH HOTEL TAIWAN 101, Victoria StrMt, Te*phonr *****1
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  • INTERNATIONAL STOCKS
    • 462 8 THE YEAR Just past has again proved to be a difficult year for the chemical industry. Overcapacity, a marked decline in prices and sharp movements in the rates of exchange have adversely affected economic recovery trends worldwide. In spite of these conditions, Hoechst managed to
      462 words
    • 106 8 Reuter W. R. GRACE and Company reported a more than 56 per cent increase in its first quarter profit over the similar year-ago period. The international chemical company said its profit was US$55 million, or $1.30 a share, up from $35 million, 1 or
      Reuter  -  106 words
    • 80 8 Reuter MERRILL Lynch and Co said virtually every area of the company contributed to the rise in revenues in the first quarter. Commission revenues rose to U*****.5 million from $90.6 million, reflecting sharp gains in listed stocks and options and in com- modifies futures transac- tions. Interest revenues
      Reuter  -  80 words
    • 72 8 WOODBRIDGE and Thomson Equitable (Internation- al) said 19.9 million shares, or 96.22 per cent of the outstanding ordinary shares, of Hudsons Bay were on deposit at the expiry last week of its offer for 17.3 million shares, or 75 per cent, of the stock. Accordingly, 86.***** per cent
      72 words
    • 194 8 Reuter THE OVERALL prospect for Comalco Ltd this year is that profit will exceed the $45.14 million earned after tax in 1978. Chairman Sir Donald Hibberd said that first quarter 1979 net profit was greater than that for the same 1978 quarter, before provision for exchange
      Reuter  -  194 words
    • 110 8 Reuter THE ALUMINIUM Company of America (Alcoa) said that its first quarter profit more than doubled over the same period last year. Alcoa reported a profit of U*****.7 million, or $3.62 a share, for the period, up from $53.9 million, or $1.53 a share. Revenues increased to
      Reuter  -  110 words
    • 137 8 Reuter THE LINK between Northern Telecom Ltd and Bell Canada, which owns 65 per cent of Telecom shares, is of "striking advantage for Canada," according to a report prepared by a telecommunications consultative committee appointed by the government. The committee said the Restrictive Trade
      Reuter  -  137 words
    • 224 8 NET EARNINGS at the Interpublic Group oI Companies Jumped 30.4 per cent during the year ended Dec 31, 1978, compared with the same 1977 period. Mr Paul Foley, chairman, and Mr Philip Ceier, president, also announced that net income rose to $18 million or $4.93 per
      224 words
    • 132 8 AIR New Zealand has signed a contract with Fokker for two new Fokker F27 Mark 500 aircraft, to be delivered in February and April 1980. The 52-seat Mksoos will be used on the New Zealand domestic network. The new Mark 500s will have not only
      132 words
    • 84 8 LockheedCalifornia gets new president DR EDGAR Cortright has been named president of the Lockheed-California Company. Mr Lawrence Kitchen, president and chief operating officer of Lockheed Corporation, also announced that Dr Cortright will succeed Mr Willis Hawkins. An internationally recognised scientist and administrator, Dr Cortright, 55, Joined Lockheed last October as
      84 words
    • 1155 8 NEW YORK THE STOCK Market rose modestly in light trading on Monday assisted by strength in the oil group. Analysts said investors remain divided over the outlook for interest rates following last week's confusion. Hie Dow Jones industrials added 3.12 points to 880.10 and winners led
      1,155 words
    • 191 8 apr a ca ADIUbl I7W -v» tftmm -<* H Bulk Mont Bank Norm Scotia a *<* Bell T«l SH Bath Corp BP Can Ltd Braacan an an unch unch Camp Had Lake HHB Can Imp Bk *7H Can par 2»H ♦H Canpac In* Pf imB unch Cartlnc OXaafa 5*»
      191 words
    • 230 8 apr a Rand INDUSTRIALS 166 5 Abercom AI Arvd CI 223 I AMIC 1510 unch Barlows C» Sugmr CM A Cum* Pinanc* VS -B 215 101 unch Dt Dun Ind f4^nn Edgan 375 4MB unch Kvereedy FM Vol* 28TB 225 TT* Puflt z. riLmnmn1 Orfttemn 3456 Hippo Hiveld 230
      230 words
    • 659 8 TOKYO Source: DBS-Daiwa ALTHOUGH yesterday was the last trading day for delivery this month, the market continued higher centring on medium-sized blue chips, reflecting Monday's bullish mood. Low and medium-priced, incentive-backed issues including Nippon Soda, J.L. and NtTJ Toyo Bearing were also active and went
      Source: DBS-Daiwa  -  659 words
    • 293 8 STOCK prices closed lower across the board yesterday in very quiet trading, dealers said. Operators were on the sidelines amid concern about local inflation and increased oil prices. Hongkong Bank closed 10 cents lower at HKJ12.90, Hongkong Electric IVi lower at $170, Jardine Matheson lower by 10 at f11.60
      293 words
    • 242 8 APR *4 Asia Credit Bahu as •11 Asia Fibre ra -IS Ajruthtya Inv. And Trust 134 •1 B&nffcofc Investment m -is Bangkok Bank Bangkok Drying 364 ♦1 Bangkok Insurant* Bangkok Metropolitan Ban 1 MO -IS Bangkok Nylon 1M -2 Bank CM Asia >14 -2 Bank Of Ayudhaya Ltd 214
      242 words
    • 222 8 APR M WOII INDUSTRIALS f/A. C. L 113 -1 A N. L m ♦1 A P. U. m •1 Ampoi Pit BTH P. no unch -M But NSW SOB Bom SQ6 unch BnrnbtM i— MO 1 C B. A tm C 8 B. m 3 Coal Allied HO -S
      222 words
    • EUROPEAN MARKETS
      • 154 8 APR 99 Aruons SuUae* Pranca 14)0 ♦s unch Brown Bovarl Br. IW CtDa Oelty Br 1900 Clba Oetgjr P C IOU Pi ha fWIn Dm 712 -5 unch unch ♦a Credit Bullae Br Credit. B«laat Ret Br. Qeorge FlOcher Br Olotoua Pe 221s *n 9015 1*0 s -l -25
        154 words
      • 185 8 APR S m COBBU1XB r M 1 car cn>o««nCM) Cte PrtncaUt ta Petro i om ptfnM PlnutcM ft 1 Ml OJ LT'»i i "in ETT3C- 1 cut MM ««u 0* -«1 Haciwut iLitmni BA uncli PJJtJ'I Bull OJO U Lr'^'3 »>- low aui 14 1.U if Tl MJ* -Li
        185 words
      • 128 8 aA a ABM ru J72J0 tU AJMM win 1 Akao AMKV MJI r>j* OJ ♦«J Am fu Aant Bank IILM M.M «u Ey ZZ MJi »u Bota 7S M ♦M ■onumu ITIJM 1 ■fnHif din CMfl MM MM UMD ♦M M Ml Ml) IMJ* UM i.1 nm>~ MM i-l
        128 words
      • 80 8 apr a A*f-TM«funk«n 3m mjo -14 --r J rr- M A t 1 B*j«r Mf 141* sue ♦A L BMW au •U Eh ■h CTvra Varw ■a -u MB now -0.7 •JO -u WIM -01 Dralacht Bant n tmbco Oycfeartwrr ST A bit Otanaa mm S1X> -u MJ» -U
        80 words
      • 70 8 APR S rn FORWARD MARKET Aeac at unch ArtMd tm -M AM 2 tm as IW 14 Bru-LU Bb -4 -M Ssn TX m unch Dt Batr 212 unch Uctmt Ofe-lniM •1 -IS On ZZZ MM unch -M PMro 4MB Rjri Dim cb tl ■ee am i M> 1
        70 words
      • 94 8 vr a Lira' An* KM *11 «aoc Oen 0M0 *mo Basto«l Ml < +21 CnMrate 4010 +100 n®t 7730 PlnoKtor 101 +rS Oen ImmoO 91 -U in Prl SIM Itolcvmenu ***** *410 Itolgaa 74U0 +0J lUlsMter SMJO *IJ MlfnM M ff M 7 Marclll Etc m 0 Mad lob
        94 words
      • 78 8 AFP FRENCH nationalised Renault Motor Group It to invest <30 million pesetas in Spain, sources said in Madrid. The investment, the principle of wnicti tne spantab authorities may approve, would be broken down as follows: 350 million pesetas for the existing Fasa-Re-nault factories at VaDadoitd, Paleada and Seville, 110
        AFP  -  78 words
    • 93 8 APR M Peeoe Aco)e Mining II +UMI Alias Cocl a A till Con. B *40 -0-1 Bafulo Ooid -0106 unch Benruet Con B Tt JO -44 Br Goodrich ZUO -U cdcp am +0.1 Inco B. 1 jrwV.ll Lepanto B. M uncb Itarlnduque B 175 -04 Itenlco B40 uncti Oriental
      93 words
    • 61 8 FINANCIAL TIMES INDU8TRIAL8 Monday 536J0 Friday 538.*7 Week Ago dosed DOW JONES AVERAGE INDUSTRIALS Monday 800.10 Friday 856.96 Week ago 880.45 LONDON DOLLAR PREMIUM Monday 55 W to 98 Friday MtpMW HJC.HANG 8ENG Tuesday 530J8 Monday 534.06 Week ago 535.28 SYDNEY INDUSTRIALS Tuesday 488. IS Monday 471.78 Week
      61 words
  • Page 8 Advertisements
    • 95 8 At last, reach the big spenders Leisure Times is right For as little as $15, ybu can reach the swankiest, the best dressed, the most affluent crowd in town with Leisure Times. As a regular Saturday feature of Business Times, Leisure Times reaches 29,000 people in Singapore's top income group.
      95 words

  • BANKING AND FINANCE
    • 359 9 RESULTS BANK AMERICA has reported first quarter income before securities transac- tions of U*****.9 million, or 88 cents a share, up 26 per cent from 1102.5 million or 70 cents a share, in the corresponding period in 1978. Assets totalled 191.3 billion at the end
      359 words
    • 151 9 CANADIAN Imperial Baak «f Commerce which raaks among the 31 largest banks la the world, has officially opened Its new braaeh la Hongkong. The Treats-based lateraatloaal baak has assets sf mere than BSTJJ2 billion sad close to $40JI billies la P °MrR. Doaald Fallerton, president
      151 words
    • 368 9 PRE-TAX profits of Malaysian International Merchant Bankers Bhd. (MIMB) rase sharply by 54 per cent to M 53.9 million for the year ended December 31, 1978 compared with $2.5 million in the previous year. A bank statement said interest income was sustained despite the
      368 words
    • MONEY AND EXCHANGE$
      • 443 9 THE US dollar appeared to have lost its steam and was traded down against major currencies on the foreign exchange market yesterday. Against the yen, the US currency opened at 217.80/90 and was taken up to a high of 218.50/60 in the morning. This was not maintained and
        443 words
      • 21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • 111 9 THE DOLLAR for overnight delivery yesterday closed at 218.15 yen, up from a 217.90 Opening, but below the 218.60 at Monday's close, < dealers said. 1 The dollar rose to a high I of 218.55 in the afternoon on import covering by Japa- i nese banks, but fell towards
        111 words
      • 186 9 Asian rates ASIAN currency deposit interbank rates as at close on April 24: US DoUmrt(Spot) Offer Bid 7 days 10 5/16 10 3/16 1 months 10 11/1610 9/16 2 months 1010% 3 months 10H 10<4 6 months 10 15/16 10 13/16 9 months 10% 10% 12 months 10% 10% 9w.Fr*.
        186 words
      • 44 9 RANGE of prices offered by discount bouses on April 34: Overnight 4'/i% Call deposits 444% ClMMf B«T4U Selling 3 month Treasury bills 4'/» 3 month Bank bills 7'* 7H 3 month CD «v. 6 month CD 7 6% Source: National Discount Co Ltd.
        44 words
      • 69 9 Euro rates LONDON Eurodollar deposit rates yesterday opened basically steady around Monday's closings in quiet early trading, dealers said. Eurodollar deposit* opening quotes on April 34: Overnight and tomorrow/next 10 ■4,10'. Spot/next 29-13/16, 29-11/16 One week 10-5/16, I*3/16 One month 10*«, 10H Two months lO'/i, 10H Three months 10H, 10'
        69 words
      • 310 9 SINGAPORE gold futures yesterday closed sharply higher against overnight closing levels in very active trading, dealers said. Opening quotations were marked up around US$3.BO in most positions following the overnight firmness in New York and thereafter marginally throughout the day. Turnover rose sharply to 514 lots
        310 words
      • 196 9 THE US dollar yesterday eased slightly in late trading against the deutschemark and Swiss franc on selling pressure from Europe in otherwise quiet dealings which saw the major currencies holding their early trading levels, dealers said. The US unit fell to a late 1.8940/48 marks from its early 1.8985/96
        196 words
      • 175 9 THE DOLLAR yesterday opened weaker against most major currencies, then recovered partially in moderate two-way trading, dealers said. It opened at 1.8925/35 marks, 1.7122/32 Swiss francs and 217.55/65 yen compared with 1.8996/3008, 1.7187/97 and 217.90/218.00 overnight respectively. Later it recovered to around 1.8960 marks, 1.7170 Swiss francs and 217.90
        175 words
    • 652 9  -  By COLIN CHEE WITH local interest rates ranging upwards since the start of last week, two local banks have initiated what looks like the latest round of prime lending rate (PLR) increases. Development Bank of Singapore (DBS) and Overseas Union Bank (OUB) raised their
      652 words
    • 523 9 JAPAN'S huge government bond sales programme Is destined for extinction but its looming presence casts a dark shadow over the entire Japanese financial system. No other country depends so heavily on floating government bonds to finance its spending programmes and this fact, along with the unique
      523 words
    • 1014 9 FT. IT IS now just six weeks since the long-awaited European Monetary System (EMS) came into force, linking most of the currencies in the European Economic Community (EEC). Considering the complexity of the scheme, it has so far logged along fairly comfortably. Nevertheless, the
      FT.  -  1,014 words
    • 243 9 Reuter THE UNITED STATES Treasury said yields fell at its latest weekly bill auction with three month bills sold at,an average discount rate of 9.115 per cent and six months bills at 9.296 per cent. This gave an effective coupon yield of 9.49
      Reuter  -  243 words
    • 149 9 Reuter JAPANESE securities companies and banks decided to raise the coupon rate on corporate bonds by 0.7 per cent from next month. The Underwriters Association said the new coupon rate for 12-year corporate bonds, Double-A grade, will be 7.5 per cent, to be
      Reuter  -  149 words
  • Page 9 Advertisements
    • 38 9 PHILIPP LION of the London Metal Exchange take great pleasure in announcing the appointment of PHIL-LION S-EA. PTE. LTD. as their Regional Representative. Registered Office: 2504 Shaw Towers 100 Beach Road Singapore 7. Tel: *****95 Tlx: ***** VYLION
      38 words
    • 18 9 n t m* M* n s E mm UM 3123 l:». f E3 *4 gA MSTTTUTE OF SUCCESSFUL
      18 words

  • DEALS DONE ON THE SES AND KLSE
    • 1274 10 •BID and offer prices officially Misted and business In and reported to the Stock Exchange of •Singapore yesterday with the •number of shares traded shown Mn brackets In lots of 1.000 units otherwise specified. All Time Settlement Con,tracts are quoted after the word »"*et" Big Board deals (In
      1,274 words
    • 111 10 BONDS 4 1/2* 1/&/80 (2MjMO) (99.378 99 458) 4*4% lt/MO (290,000) (90.828 90.706) 1/5/81 <250.000) (100.188 100.255) 5%15 4/81 (250.000) (99.8Z8 90.706) ?*2/ MS (250,000) (100.108 100.206) < m HJOOftB) 1 l/S4 (*****0) (*****8 HMJwf** (100.758 *1/4* 15/4/86 (250 000) <100 KB) 1/4* 1&/10/86 (*****0) (100aSB) T 1&/4/91
      111 words
    • 88 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday, the period, bids and offered prices and hniinew done, if any, with the number of options traded shown in brackets. n (June $2.00) (0.328 0.425). A C (J«» (0.588 U.6BS). F K (June HJS)
      88 words
  • 149 10 ■NOATOBK UNIT 1BUR INCOMK NN D POT (Cfit p Income Bowl Ma» LB 1 The Commerce 2J5 2-38 The Saving Fund LB 141 S pore Prog Fund O K 1.09 S pore See. Fund 1.83 1.M S pore Invest Fund 1JI 1J8 S pore Equity Fund 0.97 1.02
    149 words
  • 2555 10 in» Gr*» Gr*« Net Low Last orDiv Div YTd P/B Vol Day vomptoy Sale Crr (■000) Hick Low SECTION ONE INDUSTRIALS 253 207 Acma 240 1 12.0N 15 50 26.0 2 240 239 190* 123 Alcorn 180 10.0 2.2 55 24.0 142 110 Allied Choc 129 -1
    2,555 words
  • 1375 10 BID and offer pricea officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets m lots of 1,000 units unless otherwise specified INDURBUU ima(Uß) IJiism (1MB) an Ataam(LOß) ikiMKUB) A Ckee (IJBB I.2SS) (1)
    1,375 words
  • 631 10 8BABE prices gained marginally In Hght trading at the Stock Exchange of Singapore yestcrda\ with the spsfflght am selective stocks In the TrenggannDev depths sssst active stock at the day with mjM nits traded. Buying support 3? nfostnssn undnTthe dosing hod, the share
    631 words
  • 486 10 GENERALLY dull condi* tions prevailed on the Kuala Lumpur stock market yesterday with prices recovering slightly on light buying interest. Trading was largely cautious and was thus characterised hy narrow price movements. The bulk of business was again centred on the current market favourites
    486 words

  • COMPANY NEWS
    • 431 11  -  By P. GUNASEGARAM STIFF competition and rising production costs pushed pre-tax profit before depreciation at United Malayan Flour Mills (UMF) down 44 per cent to $960,835 for the six months ended Jan 31,1979, because of keen competi- tion and rising production costs. Group turnover
      431 words
    • 359 11 THE STOCK market's recent re-rating of oil-palm counter, United Plantations, is not out of line with the sector, stock-brokers Laurence Prust said in their latest weekly newsletter. Since the beginning of this month (just before United Plantation's results were released), the share price has appreciated by
      359 words
    • 510 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Riverview 3% I Apr 10 Apr 21 Apr 28 3% 12% Bedford 30% Apr 17 Apr 27 May 3 30% 25% Austral Ent 10%<n) Apr 6 Apr 19 May 2 20% 20%
      510 words
    • 240 11 Company Particulars Ex Date Books Close Keck Seng Bonus Issue of 1 for 5 Apr 4 Apr 17 Duolop Est Bonus Issue of 1 for 5 Apr 18 Apr 30 P. Product* Bonus issue of 1 for 4 Apr 16 Apr 26 Ajinomoto Bonus Issue of 1 for
      240 words
    • 471 11 THE TWELFTH foreign insurance company that has been restructured into a Malaysian incorporated company with significant domestic equity participation has started business. Da tin Paduka Rafidah Aziz, the Deputy Malaysian Finance Minister who inaugurated QBE Supreme Insurance Bhd, said this was a positive trend
      471 words
    • 320 11 GADEK (Malaysia) Berhad (GMB), in its first year of public listing on the Kuala Lumpur Stock Exchange, has turned in better than expected results for the period ended Dec 31,1978. Unaudited pre-tax profits of the group amounted to $455,352, beating the $356,000 forecast made
      320 words
    • 163 11 BUILDING up on its strong recovery at mid-term, Male* A best 06 Cement has turned in a 41 pp- cent jump in its pre-tax profit to M 52.92 million for the year ended Dec. 31,1978. This record level of profits for the full year was
      163 words
    • 432 11 iMlOa §6KDO2»» by HOCK LOCK SIEW THE RECENT balllsh eapheria la the market has all tee saddcaly evaperated late the thla air as the laevttaMe eerreettea sets ia. Uader saeh ceaditteas, there are, aet saprislagiy, these ameag as whe feci that what we are seetag to aet
      432 words
    • 279 11 BO VIS SMtfa Bast Asia, the company which had its shares suspended from trading on Dec 11, 1978 at its own request after having sustained mounting losses, has been asked by the Kuala Lumpur Stock Exchange to justify this continued suspension. In a letter to Bo vis' financial
      279 words
  • Page 11 Advertisements
    • 262 11 NYUK vv i < V. pi yO ov fvY^ v*o* V v\M C 0> ivwpi that's the inevitable conclusion reached in the most comprehensive agricultural survey ever undertaken in Asia. And it will happen sooner than expected within the next decade in fact. The progress in grain cultivation, the hopes
      262 words

  • 439 12 Reuter. JAPANESE Prime Minister Masayoshi Ohira yesterday warned the United States and the European Common Market countries not to adopt protectionist trade measures despite their concern over Japan"s trade surpluses with them. "If either of these giants were to turn to protectionism as an
    Reuter.  -  439 words
  • 259 12 THE COURT of Appeal yesterday heard that Keppel Shipyard was being "frivolous and vexatious" in causing two ships belonging to the same owners to be arrested in two separate countries. Mr Denis Murphy, for the shipowner, said Keppel was being frivolous in proceeding against his
    259 words
  • 227 12 A $2.4 MILLION contract for the purchase of a property, signed before the Government announced its new policy restricting sale of residential properties, should be treated as illegal or non-binding, a Queen's Counsel argued in the High Court yesterday. Mr George Brian Hugh
    227 words
  • 84 12 HOLDERS of Singapore identity cards are reminded that they are to report any change of address within 14 days of moving to a new residence. The report should be made in person or through a proxy Those failing to report a change of address is guilty
    84 words
  • 194 12 AFP. ASEAN will not budge from its stand that its participation in the "end-to-end" traffic between Australia and Britain/Europe will not jeopardise Australia's low fare scheme. A Malaysian Transport Ministry spokesman said yesterday that the association will reiterate this stand at its air
    AFP.  -  194 words
  • 62 12 SINGAPORE Airlines denied reports that it has been facing great difficulties in operating to Seoul. The spokesman of the national carrier said its Seoul Service has been running very smoothly and its relations with Korean Airlines (KAL) have been good. The Korean Embassy here yesterday said
    62 words
  • 779 12 LONDON, Tues. The market closed higher in moderate trading in response to institutional demand, dealers said. At 3 p.m., the Financial Times index was up 10.3 points at 546.3. Buying was spurred by hopes of a Conservative Party victory at the forthcoming general election, dealers added. A few
    779 words
  • 352 12 RADIO and Television Singapore (ETS) has issued a new ruling setting out the conditions whereby commercials will be accepted for retail advertising. The ruling, which came into effect last week, states that for commercials to qualify for retail advertising, the advertiser must not mention or
    352 words
  • 42 12 Israeli Prime Minister Menachem Begin consoling the grief-stricken Haran family at the funeral in Kiryat Tivon on Monday. Haran and his two young daughters were killed by terrorists in the attack on Nahariya on Sunday. UPI photo UPI photo
    UPI photo  -  42 words
  • 73 12 Reuter KUWAIT will not impose surcharges on oil delivered to the Philippines because it is classified as a developing country, the Philippine Energy Ministry said yesterday. An agreement was signed with Kuwait recently for the supply of about one million tonnes of crude
    Reuter  -  73 words
  • 52 12 Reuter. SENATOR Frank Church, chairman of the Senate Foreign Relations Committee, said it would be politically difficult to sell Alaskan oil to Japan. The senator said it would be incomprehensible to Americans for the US to sell its oil when it is trying to cut dependence on foreign
    Reuter.  -  52 words
  • 354 12 UPI. SHELL Oil Company raised the price of petroleum products for Hongkong consumers yesterday by as much as 25 per cent, triggering increases in the cost of everything from ferries to electricity. Spokesmen from the company said the increases would range from 11.8 per
    UPI.  -  354 words
  • 295 12 AFP, UPI SAUDI ARABIA, Kuwait, Qatar and the United Arab Emirates have suspended their aid to Egypt (or an indefinite period, Kuwaiti Finance Minister Abdel Rahman A 1 Atiqi said yesterday. He said the four countries had contributed US$2 billion (554.34 billion) to
    AFP,; UPI  -  295 words
  • 487 12 SINGAPORE has been the most successful among the developing nations in responding to the scientific revolution. About $5 per head of population is spent on science and technology activities in Singapore compared with less than $2 in the other South-east Asian countries. Dr R.S. Bhathal,
    487 words
  • Page 12 Advertisements
    • 142 12 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 28th April, 1981 of: The Mitsui Bank, Limited Hong Leong Building. 16 Raffles Quay Singapore 1. I We hereby certify that the rate of interest payable on the above-mentioned certificates of deposit for the interest period
      142 words
  • Page 12 Miscellaneous
    • 58 12 |W EAT-HER Outlook for Singapore from 6 a.m. to noon today: Scattered showers Report f®r 24 prior to 7.91 p.m. April 24 at the airport. Maximum temperature 31.5 Associated humidity 66 Minimuiq temperature 23.0 Associated humidity 96 Hours of sunshine 7.35 Rainfall in millimetres 6.4 Total rainfall for the month
      58 words

  • SHIPPING TIMES
    • PORTSIDES
      • 112 13 THE UNITED Thai Shipping Corporation (Unithai) will begin to operate as a member of the Far Eastern Freight Conference (FEFC) this month, says a joint announcement issued by the line and the FEFC yesterday. Unithai is the fourth Asean national line to join the FEFC, the others
        112 words
      • 74 13 AFP IS HIK A W A JIM A DO Brasil-Estaleir OS(lshibras) shipyard in Brazil could shortly receive an order worth over US$5O million (Ssllo million) for two 80,000-ton oil tankers required by the Pakistani shipowner Ravi Tikkoo, lloyd's list reported on Monday. Mr Tikkoo is currently
        AFP  -  74 words
      • 64 13 AFP THE Japanese shipping industry has given up plans to start building five LNG (liquefied natural gas) carriers in fiscal 1979 because of delay in a Japan-Iran joint project to develop LNG in Kangan, Iran. Shipping industry sources said yesterday an agreement on the Japan-Iran project was
        AFP  -  64 words
    • 562 13  -  ASIA AMERICA LINE By RAHIM KASSIM THE MONTH of June will find the already intense competition in the transPacific service to the US becoming more heated with the entry of yet another independent newcomer into the trade. The line, Asia America Line, will
      562 words
    • 161 13 UPI BHIPOWNEBB aad charterers (nad It dlfOealt to agree ea freight rates d«e to prevailing streagto to toe todtoa Omm rates held up well. Oh sf toe example sf their advaace daria g April was Tybe aehlevemeat sf £14.75 (8*8) (FIO) by aa AprilMay vessel werklag a toa
      UPI  -  161 words
    • 570 13 FT AS MUCH as possible of the shipbuilding industry would be returned to the private sector under a Conservative Government, said Mr David Hunt, chairman of the party's shipping committee. Mr Hunt, making the party's first official statement on shipbuilding policy, said the Labour Government's
      FT  -  570 words
    • 2603 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
      2,603 words
    • 498 17 SMpftag Use Page CM ACS n 5 Afea IV 3 Alfred V 3 Alpac IV 5 Angkutan IV 4 ANL I l APL m 2 Arya Nat II 5 Asia Merchant V 1 ascl m 5 Aust.Cont IV 5 Bank II 5 Batam IV 3 BBS n 2 Ben
      498 words
    • 835 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL t NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during
      835 words
    • 847 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN)—Unipacific. Alpac Line—lntrasea. Anhsing Line— Strongwill. Angkutan Pertambagan— Eastern Way.
      847 words
    • 979 18 NYT AFTER watching Middle Western cargo flow through US ports on the Atlantic and Gulf coasts for nearly a decade, the Port of Chicago is beginning to spend in an effort to recapture some of that business. Last year, Illinois provided a US$lO million
      NYT  -  979 words
    • Article, Illustration
      408 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Astra Peak (after Aleksandr Serafimovich )31 32 Dong Bee (1700 after Bunga Bindang) 19 IBN Khaldoon (2300 after Wladyslawowo Must sail not later than 1100/28 th) 47 King River (0600) 24 Nedlloyd Korea (after Nedlloyd Kembla) 3/4 Nanshan (0400 tide after Kim
      408 words
  • Page 13 Advertisements
    • 301 13 I:\vivtf Lines TMC MOST FtIQUINT SAItIMCS TO tAMCKOK 110X0*0-0 JAPAN FWSAN. Evwvtt Steamship Corpn. t/A C».Hor<J I T r n4i/« M Smc* VrOTf (Wfl 1* 101 OCIC iKta T* ***** j *v. K*M SOCVi«P CO OMO T« M777T 4f» \R I) 1\ 1 I \H Orient Overseas Co*il(u*teA. Line FULLY
      301 words
    • 303 13 3831! SEALORD ||J ANTAH M UASC All vessels ***** D WT, 105 TON HL. Derrick 288 TEU Capacity, Long Length Capability. ARABIAN GULF WEEKLY SERVICE Vessel S pore Loading for BW M. ROOM 28/4 Kuwait (11/5). Dammam (17/5), Doha (19/5), Dubai (21/5) lf« 6A (18/5), Dammam (21/5), Bahrain (25/5), Doha
      303 words
    • 315 13 ■NOL NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE Y CONTAMERtSED SERVICE ULI Spore fMm Fshww Mart R"*a» Kbw| Brn C t tiki Port 27 Apt 13 Mar 14 May l6Ma, 17 I I 2 1 3 Ma, 23 May 19 Ma, 70 Ma* 22 Mat 23 I 10 Mar
      315 words
    • 465 13 JAPAN/SINGAPORE SERVICE See Page IV Column 3 for Sailings Agents KYOSEI AGENCIES (S) PTE LTD MARKETING *****? GENERAL *****1 A V ui f URO ASIA i INE SON BHD K I 4296-31 P M.ANG *****1 J PENENG 64 781. 2 MAERSK LINE Fw U S' P»c*c. Col > Aaart* a*
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  • Page 14 Advertisements
    • 805 14 FULLY CONTMUStD TO OMK EVKSS CONVENTIONAL TO EWOPE Stmt P« BMaa 6Mi HWf Bream U» Mm k|*> Sarfrt In Port 28/4 24/5 2/6 31/5 28/5 26/5 MAi*ii 4/5 5/5 1/5 28/5 10 6 8/6 5/6 3/6 FULLY COHT AMERCED TO GENOA/TMESTE S'pM P Ma( Cm Trieste CknaAer ValMi 21/4 31/4
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    • 310 14 117 MyZl* in 23 t» mn in mn in My 31 r* 3 0 Cj II 1 "'I iroH <MC) t (lAC) J4/5 17-21/5 I 4-7/1 MI/5 <1 Mt/I 21-24/5 C/C »MV7 9/1 13- »V 3/7 >44/7 1911/4 */6 13/4 IV4 l«/« V 7 1/7 22l« hp" S« Francisco i£
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    • 481 14 r EVERGREEN LINE FAR EAST EUROPE fXPRFSS FULL CONTAINER SfRVICE ACCEPTMG CARGO FOR HAMBURG FELRSTOW. ROTTERDAM ANTWERP l£ HAVRE ALSO ACCEPT KG CARGO FOR UMTEO KMGOOM SOUTHAMPTON. LONDON. MANCHESTER. NRMNGHAM. BRISTOL. LIVE WOOL GLASGOW. LEEDS WEST GERMANY BKKMAVEN HOLLAND AMSTERDAM S>r» HM*wt Mm* It Hnrt Imihu »*> i»»h» nibr Mibt
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    • 962 14 B F SS C Aoenfi n Motoywo TtPS MALAYSIA Port Kehmg Tel (38>-7355 P«nong Tat *****/***** ComrMW ArjwtiM Dt I* f> Dmimii hMMtaH S. A C.I. F. Mry "ARGENTINE NATIONAL LINE" LOMNN6 FOR DURBAN. CAPETOWN. BUENOS AMES Sa«*ara P. Kala* Nmhi iMCDnM l(/!7 May 11/ IS Aby~ »/21 Traosportaaoß NbritMiu
      962 words
    • 660 14 i/ A </ i mO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21STFLOOR VARINA HOUSF SHENTON WAY MISTRI ROAD S:\I.APORf 2 Tfl *****44 7&22; 1370 131 SANKYO LINE AUSTRALIA SERVICE toosnc mx. Mir CMP. MAY SKY 1/3 May 13/15 May 17/11 May 4/5 May SYD. Ma. (AOEL) 10/12 Ifey
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  • Page 15 Advertisements
    • 876 15 OCL Overseas Containers Limited HMg tnm ftm Hnn S'toa r Mmi Spor» Mart Ut M kM hM UW WM faM »M 11% IK, 10. Ml tanta IM Uri kM MM hM Ik| IMy ML IS Maki UM kM MM kM kM IK* W. TK. U, Hi kvUm UM kM MM
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    • 749 15 UUBMOBI inn HI MM MM. hM MPart 27 Apr MM/T.M Atau*ana/Ben</lattaAia 2S Apr MH/TSM v P Sata/Atoia*na/ Bmt/LauadAMtate/ P»«MB/Tr»o>/»m>ir/ U Hit IS Stay MV KM MB IJ7U »May 31 May Mi KSSOS «CCCPTIK CONTMtI CARGO UJMKI.UI 8% MV MR FIRM »-21E 7 Hir All OWNED VESSELS Dptawt>/P SadM/P Sad/Mm Bant/lattataa/laMaaai/
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    • 597 15 BEN LINE CONTAINERS QHQS CfIMTMNER SBNICE TO/FROM BUTE S><* p mmi 24/4 27/4 a/5 tl/i (8/1) It/t »/S a/5 a/5 15/5 K/5 */5 H/5 M/ 5 W/5 11/5 a/5 Ml KMC rm«EM rOMI hi Ganapay/AMtnt BomAb faM UM faM Mm hW M Uri iN hM Urt SM Inorpool Bar 5/5
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    • 361 15 Scan Dutch *9 WEEKLY EXPRESS LV.J S=? n s s _J M Uri khri 17/4 a/4 V* MM JM V* V* VS TQEUROPE" Smfaixxt PMtt* Ptaaaf f® nuaan. Sim a. ran Ban**** Nm H'barf. Oslo, Aarhai. Chain. Mrtshaa* mhmmm_ 17/17 MM. in**. r*a. Hbari OM. C hafaa. HartahMM m Mlfatfa
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    • 483 15 if BOUSTEAD SHIPPI G AGENCIES THE BANK LINE LTD LOADS FOR H S. AFRICA KOBM (Kwmm Oartm Ct«w ft I*l Spor* 77/31 Atef P Ma« 1/3 FROM (AST I SOUTH AFHCA FOR BANGKOK IMNLA A (ESS taw P Mwt S pan Am LVKES ORIENT LINE U.S. GULF COAST SERVICE (New
      483 words

  • Page 16 Advertisements
    • 943 16 X*- K LINE KAWASAKI KISEN KAISHA. LTD. TO EUROPE P KfUng l Ha»re H inti C RO2E 13W KOREAN lACEWON 2W HK CONTAWER ISW Ml RCAfOR 11W 0 CHIEF (accept* opn to Scamfnana «to Hawtorg) FROM EUROPE TO FAR EAST •l Havre P Kelang S pore H Kong Osaka Spare
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    • 721 16 0.5.A./EAST CANADA SERVICE acceptms fa/ia comtabkb from pommc. p. reume. rran laaM| to KM TQM. WOU LC./ttEAT LAKES SERVICE LOMMC FOB KM TOW. BOBfOU. BAITMOBE. PHUOOftM. MOMIKAt. »/timt nntm 11/19 Mr IVI7M* a/MlWt a/an* CAUFORMA/PACfIC NORTH WEST SERVICE im*i to 10s mceles m macaco seattu. tacoma. vmcouver. i c PIMM
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    • 412 16 S .A (>r<xii) SINGAPORE SHIPPING AGENCIES PTE LTD ;O'H KOO« OCtAN BUiIO'NG S'NGAPORfc VAB»t»'NG 9'".. II'N.S GENFBAI 9'3'11 |14 UNf SI «S .4S9S «S ***** A B C ARSMIP CABLE CARGOSHIP SISdAPORh ISI 4\I)S l/M WMhV'niLlW'-iiiitiM WatSm jinlnincr Lilies WEEKLY CONTAINER SERVICE to/from BANGKOK 21/27 A* 1/2 ASr l/»S* lVlllkr
      412 words
    • 689 16 *UI*VSiAH tNTtHNATtOHAI CO*PO*ATtON BC*MAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SC ANCNNAVIA feeder fu*| 2/5 +1 Ft nuwascA 5/5 nld CIIANOM 12/5 SEUMD FMNCtSCA 15/5 NMON •uni vend S pore i) Mmkas 7) Mm 3) H-bwf 4) Gtarg 2/5 BPIINN 1/5 15/5 20/5 22/5 24/5 5/5 IM Kin 1/5 22/5 27/5
      689 words
    • 574 16 Line STRAITS/AUSTRALIA SERVICE zrmnmrm m.* S"W« PUB** Lm*N( t*T FORTUNE! V.13 )lby 12 May Sydney/MeßxMme/ iu Adelaide Ifeaßfcwn™- MtAKI (PIT) in 2352(11 —MK 2)***** Uwpa no MK WWt 4MM4 WW. 41M71 ALPAC LINE SOUTH AFRICA SERVICE S pore P. Ketone Penai* Uadtag tar t CM HO *35 28A*r 21 Apr
      574 words

  • Page 17 Advertisements
    • 184 17 EGYPTIAN international line e;l EGYPTIAN FLAG A ASIA MERC HANT M ARINE i ■MUUSTSOIO S£k NkN UM,* IVS l«/ 5 iSSSI kb sea xnn A» I jt/5 MMt Mm UNNERSAI FREIGHT SERVICES PTE ITO 1* 222M66. 777U61 77K3U Pt fttianf *****6 P«n«| »1W mSK?.T ZIDOISSZAV ORZEVTAL LlirS 1 IW4 JAKARTA
      184 words
    • 104 17 F<* ETA CMTTMQK 1) ETD %r n> uwboow t«»n»n %r ETA no LOMMC rot _M*f 11 H* T|i i);Hi>l ma,*, Guff east Shipping Pte Ltd Swfe 704/706. Ocean Mfc* Cotytr Qtuy. Smgfxxt 1. W *****3 (lOUws) A SA*l ICR Llf\tS I KORINS MARITIME StRVICFS Plf lID MHHOOH !'.B B'lltDiNi, SW.IAP
      104 words
    • 79 17 inTtRITIODBI TRHPiPORT T_Lua FAR EASTWEST AFRICA SERVICES CONTMO BULK SERVICE LMOS/NNM, PORTMRKOIItT. TOM, MOMKNM I'J.' .1 Wi*.'. 'J »f >,lj ti/'Tfrri 531 SHIPPING CO tin s 'O :®*P y ii T t S»£ L ■C» s Mpc NG 5 f T C »CO f 8 Zi w 4 P- o
      79 words
    • 72 17 ANHSING OVERSEAS LINE i H6ULM SEM-COOTNNBt/im 2TOCC tmn r Mmm rmmm lm+m tar TMMN/SntMTVTN Lm*| tap Nrl Mmt P«m|. K rrm rmmt LOON CHORE SM (2mt CO S'prt 91 tar) LORD SUA H II H Ml IHI STRONGWILL ENTf RPRISf (PTE) LTD DUTCH FAR EAST LINE (DUFEL) N.MKMON KOOES «X
      72 words
    • 102 17 BINTANG LINES VESSEL LOADMG ETD Of ST M. MBUME a Apr '79 2t Apr *71 K. KLMT/ MP SMS MM ft MPPW PTE. LID 1201. 12FL GOLKM Mi TOREK, KUCN ID. STOK 7. TEL: *****44 (3 HO) DOD-SUMBER (S) PTE LTD MS 2E/F. CHOW HOME 141-142. MMIIUH M> ffm TEL:
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  • Page 18 Advertisements
    • 52 18 NOTICE J s FAR EASTERN FREIGHT CONFERENCE NOTICE TO SHIPPERS 2 The Far Eastern Freight Conference ancS the United Thai Shipping Corporation (Uni« thai), Bangkok, are pleased to announce K that Unithai will commence to operate asg members of the Far Eastern Freight Confe{ M rence in the month of
      52 words