The Business Times, 24 August 1979

Microfilm: NL10295
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. US/1/79 FRIDAY, AUGUST 24, lf» 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Forget the past
      52 1 SRI LANKA Prime Minister Ranasinghe Premadasa, on a four-day official visit to Singapore, yesterday encouraged businessmen to invest in his country. He told the businessmen not to be misled by Sri Lanka's past but to view current "reality" since the Conservative United National Party came into power
      52 words
    • Article
      Lock icon MAS to be revamped
      59 1 AFP KUALA LUMPUR, Thurs, The Malaysian government has made a firm decision to re-organise the national air carrier Malaysian Airline System, its general manager Saw Huat Lye said here today. He, however, declined to comment on the airline's reorganisation though it is known that a consultancy
      AFP  -  59 words
    • Article
      Lock icon China supplement
      50 1 AFP BEIJING, Thurs. China will soon issue a supplement to the law on joint ventures promulgated last month, the New China News Agency reported today. The decision was disclosed yesterday by VicePremier Gu Mu at a meeting with a delegation of the Japanese Matsuhita Electric Industrial Company. AFP.
      AFP  -  50 words
    • Article
      Lock icon Standstill at Rotterdam
      51 1 Reuter ROTTERDAM, Thurs. Shipping in Rotterdam, the world's busiest port, was brought to a near standstill today as tugboat crews began a wildcast strike demanding a pay rise. The crews of 25 tugs stopped work to support their demands for an extra 20 guilders (5521.50) per week.
      Reuter  -  51 words
    • Article
      Lock icon Shanghai flats
      31 1 AP HONGKONG, Thurs. More than 600 Chinese industrialists and businessmen have put up 46 million yuan (Ss69 million) for constructing skyscrapers in Shanghai for sale to Hongkong residents. AP.
      AP  -  31 words
    • Article
      Lock icon 'So-called war risks'
      50 1 AFP KUWAIT, Thurs. Kuwait will no longer insure its tanker fleet against war risks, Oil Minister Sheik Ali Al-Khalifa Assabah told the daily AlQabas here today. He said that Kuwait would thus avoid paying the additional premium for "so-called war risks" imposed by Lloyds of London. AFP
      AFP  -  50 words
    • Article
      Lock icon Jobless Filipinos
      30 1 UPI MANILA, Thurs. President Marcos said today 30,000 Filipinos had lost their jobs since January and 700,000 more remained unemployed as a result of an economic crisis. UPI
      UPI  -  30 words
    • Article
      Lock icon Dow Jones
      75 1 UPI NEW YORK, Thursday. The stock market headed lower early today under the weight of profit-taking pressure. Trading was fairly active. The Dow Jones industrial average, which slipped 0.17 point on Wednesday, was off 2.30 points to 883.53 around the first hour of trading. The Dow is up
      UPI  -  75 words
  • Article
    Chief Price Changes
    144 1 Rises Indices Ayer Hitain Tin Tractor* C C M Esao Kempti H Maia C Properties U A C High A Low Taaek Cement M Cement U 1 C 1420 660 530 486 545 265 169 474 428 410 340 318 20 20 10 6 5 3 +3
    144 words
  • Article, Illustration
    KUALA LUMPUR
    138 1 Rises Indices SEA Corp P.M. Hold Kg Lanjut Kempas Tractors S. Dredge 1140 285 240 540 645 462 Falls 40 29 16 05 +05 04 B.T.Index: Industrials: Finance: Hotels: Properties: Tins: rubbers: Aug 22 Aug 23 3484.65 3484.72 430.99 429.69 617.17 624.77 257.87 257.75 238.44 238.23 220.03 220.36
    138 words
  • Article, Illustration
    Tourist arrivals take a big leap
    552 1  -  INITIAL FEARS DISPELLED By LEE YOKE MENG JUNE tourist arrivals in Singapore showed a substantial year-on-year increase, dispelling initial (ears of a setback arising from Australia's International Civil Aviation Policy and the Indonesian rupiah devaluation. Statistics from the Singapore Tourist Promotion Board showed that
    552 words
  • Article
    PRIME RATE RISE
    236 1 THE local branch of the Bank of China has raised its fixed-deposit rates by between halt and threequarters of a point to keep up with market competition. It will also be raising its prime lending rate (PLR) by a quarter point on Sep 1 to the market's
    236 words
  • Article
    Swift to reach full operation by April
    636 1  -  By RUTH CHENG PREPARATIONS are in full swing to get into operation by next April a computerised network allowing cheaper, speedier and safer transmission of interbank messages. The network is run by the Society of Worldwide Interbank Financial Telecommunication (Swift), a non-profit organisation
    636 words
  • Article
    Oriental making a drive into hotel business
    233 1 ORIENTAL Holdings, the k«Mer af the (tucMm far Hwlt ear* ul metercyclea, Is n* Mkk| a drive lata the laenUtve bate! bufneaa la Malayyestorday tcvtaM plana to bailt a luxury, aatttstarey bale! at Nartfcaa Resd, p— The eampaay to still Council's appuval, aad
    233 words
  • Article
    Lam Soon allotted cocoa land
    392 1  -  By FOO CHOY PENG A LEADING local vegetable oil and soap manufacturer was recently allotted a piece of laad la Sabah to cultivate cocoa, the third most importaat crop la Malaysia after rubber and oil palm as a foreign exchange earner. The manufacturer, the Lam
    392 words
  • Article
    Lock icon Warning for ships
    106 1 Reuter PERTAMINA, the Indonesian state oil company, yesterday threatened to blacklist shipping lines and ships which buy cheaper fuels from illegal suppliers in Indonesian ports, Antara news agency said yesterday. The agency said the Tanjung Priok Port Authority in Jakarta has declared "war" against illegal bunkering of
    Reuter  -  106 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      22 1 SAFE WITH AN ITOKI SAFE mamas nuowks smanWm.iTo 47 Po4*uf* B*oc* Go4dh>H Pitta Nawion Road Singapore 11 T« 2WIWM CDf BuSNESTEMS S.ngatxx*
      22 words
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      Page 1 Advertisements Column 2
      201 1 One single development could send the Singapore stock market into a new growth phase "Forecast" explains what that single development is and how you can be in a position to know what to look for every day. If and when that development occurs, subsequent stock-market profits are likely to be
      201 words
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      Page 1 Advertisements Column 3
      71 1 ymim SHIPPING TIMES CHINA teaee WW regalatieas STOCK market repert II ea Jaiit veatare5....................... 3 COMPANY 11 RUSSIA'S bub besbalrttae C GOOD aew. trem tbe SUne THE feed sWe ef iaflatiea 1 Darby stable 12 SHOULD we werk aew aad Uve DEALERS uk fer deeeatrel ea later? 7 dieeel prfteea
      71 words
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      Page 1 Advertisements Column 4
      21 1 IkvM CALVET the French Connection around the World. T r m JL* i :ie > HOCKTONG 347. BukltHmah Road. PTE.UD. M26.1M: *****66
      21 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      411 2 COURSES AND TALKS April 30-Aug 24: Tuition Courses for the Australian Insurance Institute Associateship, SITC, SITC Aug 13-27: Managing People At Work, NPB Town Training Centre, NPB Aug 27-29: Workshop on Coastal Geomorphology, RELC, University of Singapore Sept 4: Challenges to Business Careers in the 80s, DBS Auditorium,
      411 words
    • Article
      PA has now moved into computer consultancy
      550 2  -  By LINDA TAN PA MANAGEMENT Consultants has moved into a greater range of consulting activities and changed its name to PA Consulting Services. Its managing director, Mr P Bartleet, said the range of services offered by PA had expanded beyond the scope of
      550 words
    • Article, Illustration
      ABN GOES ON-LINE
      232 2 IN LINE with the current trend towards computerisation and higher productivity, Algemene Bank Nederland has computerised its banking operations. Established in Singapore since 1858, ABN installed an IBM System '34 in May to provide an integrated system for the automation of its general ledger, current and savings
      232 words
    • Article, Illustration
      Wywy orders $120,000 computer system
      301 2 ONE of Singapore's main suppliers of plain paper copying machines, Wywy, has ordered a $120,000 computer system to support its business expansion. It has selected the Data General Nova 4/X marketed in Singapore by Dataprep (S). According to managing director and chairman of Wywy, Mr
      301 words
    • Article
      Contractors' meeting a first for Singapore
      392 2 SINGAPORE will, for the first time, stage the 17th convention of the International Federation of Asian and Western Pacific Contractor's Associations (IFAWPCA), an event which will see the largest gathering of contractors worldwide. The convention, scheduled from Sept 22 to 28, will be held
      392 words
    • Article
      FIGHTING OIL SPILLS
      228 2 EXXON Chemical Asia Pacific will organise an "oil-spill control" seminar from Aug 29-31 to provide people working in oil-spill clean-ups an insight into the use of chemicals for the clean-up. The highlight of the seminar will be a demonstration off Pulau Ayer Chawan on the use of
      228 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      358 2 STANDARD Chartered Merchant Bank Asia a wholly-owned subsidiary of Chartered Bank, Singapore recently announced two key appointments. They are Mr Neville Watson, as manager, Asian Currency Unit, and Mr Christopher Lawrence, as manager, international project finance. Mr Watson, who joined the Standard Chartered Bank group in London
      358 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      260 2 Now! The Buku Merah offers you an ever more effective way of selling your products and services In the Buku Merahs pink pages, classifieds business section It pays to be listed in the Straits Times Directory of Singapore. Singapore businessmen have known that for the last 82 years and that
      260 words
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  • REGIONAL
    • Article, Illustration
      Lock icon Janata leader lashes Reddy
      60 3 JANATA Party President Chandra Shekhar denounces Indian President Sanjiva Reddy on Wednesday as a "Lilliputian fuehrer" (or ordering elections and denying Jagivan Ram (leader of the Untouchables) the opportunity to form a government. Mr Shekhar is seen here addressing members of Parliament who support Mr Ram.
      AP photo  -  60 words
    • Article
      Lock icon COLOMBO TO ENACT ANTI-STRIKE LAW
      300 3 AP THE SRI Lanka government will enact tough laws to prevent strikes and other trade union actions disrupting essential services. The decision to frame this law came as government doctors threatened to strike over a decision to stop British postgraduate medical examinations in the country.
      AP  -  300 words
    • Article
      Adjusting UK firms to Malaysia's NEP
      517 3 RECONSTRUCTION of British companies in Malaysia to comply with the government's New Economic Policy should be accomplished without damaging the goodwill of private and institutional shareholders, the acting British High Commissioner to Malaysia, Mr Rex Hunt, said yesterday. In the context of British investments
      517 words
    • Briefly....the region
      • Article
        Lock icon AT THEIR OWN PACE
        440 3 Agencies CHINA has decided to give Guangdong (Kwantung) and Fiijian (Fukien) provinces greater flexibility and independence in carrying out economic activities involving foreign capital and technology, the Hongkong communist paper, Ta Kung Pao, reported. The decision was made by the party's central committee and the State
        Agencies  -  440 words
    • Article
      South-east Asia's oil use rises by 6.4 pc
      635 3 SOUTH-EAST Asia is among the regions of the world which experienced the highest annual rate of increase in oil consumption between 1973 and last year. While the average global increase during the period was 2 per cent a year, oil consumption in
      635 words
    • Article
      Lock icon Higher crude imports bring relief to Tokyo
      251 3 Reuter JAPANESE oil imports rose sharply last month, bringing a measure of relief to government officials worried about possible shortages. Japan's crude oil imports in July totalled 152 million barrels, a rise of nearly 36 per cent from the previous month and about
      Reuter  -  251 words
    • Article
      Lock icon SECOND OILFIELD
      108 3 UPI A US-led consortium has discovered a second offshore oil field with commercial possibilities in the central Philippines. A spokesman for the Energy Board said tests are going on in a well in the Cadlao field 402 km south of Manila to determine its deposits. Initial estimates placed
      UPI  -  108 words
    • Article
      Bringing in the tourists to Perak
      232 3 THE PERAK State Development Corporation is expected to set up a department to promote tourism in the state. It is learnt that the tourim department is being planned at the suggestion of the Public Services Department. Originally, the Perak government had intended to establish
      232 words
    • Article
      Lock icon China issues new regulations for joint ventures
      507 3 Agencies A CHINESE senior official said on Wednesday his country would soon issue additional regulations to supplement the law on joint ventures undertaken by Chinese and foreign firms, the official Xinhua (Hsinhua) News Agency reported. China's National People's Congress in early July adopted
      Agencies  -  507 words
    • Article
      Lock icon Jakarta, Taipei petrochem venture
      132 3 Reuter INDONESIAN tad Taiwan are boldiag talks la Jakarta m a Jotat-veatare to set ■p a hydro-cracking plant, Taiwaa's Chiaese P«*roleam Corperattoa (CPC) said yesterday. A spokesman far the earporation said Its presideat, Mr Lee Ta-kai, Is eaodactlag the talks with the ladaaesiaa state-owned ail eempaay,
      Reuter  -  132 words
    • Article
      Lock icon Govt support for manufacturers
      406 3 AFP AUSTRALlANmanufacturers will be encouraged to export, protection will be more flexible and research more thorough immediately. This is the kernel of the industrial support given in the 1979/80 Budget announced this week. The Minister for Industry, Mr Phillip Lynch said the major beneficiary erf the
      AFP  -  406 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      307 3 We have a history of making money grow jmL Lombard North Central is part of W one of the world's largest banking MCT jf l\ groups and we have a history whicHWpf > M covers more than 100 years. £JB Weofferarangeofdeposit f[| II r" schemes which will produce maximum interest
      307 words
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      Page 3 Advertisements Column 2
      154 3 FVeview the new Britannica 3 Get one of these Bantam/Britannica books FREE! lIHW Bantam/Britannica books on a (1) The Arabs: j f The U.S. Government; r Disaster! and (4) The Ocean, f The publishers of Encyclopaedia Britannica 3, the most advanced and comprehensive encyclopaedia available today, are offering you this
      154 words
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  • RAW MATERIALS
    • Article
      Lock icon Wheat farms hit by bad transport
      838 4 NYT CANADIAN farmers such as Phil Norman in Lonesand, Manitoba are enduring a dry summer of frustration as they battle the weather and a chronic grain transport problem that is hurting Canada's competitiveness on the booming world wheat market. "I tell you," says the
      NYT  -  838 words
    • Article
      Lock icon Manila copper export may reach $862m
      232 4 Reuter PHILIPPINE copper exports this year are projected to reach nearly US$4OO million (SJB62 million) with production from the 15 copper mines, including three new mines which started operations this year, the Philippine Trade Ministry said yesterday. A ministry spokesman said based on production
      Reuter  -  232 words
    • Article
      RUBBER
      292 4 THE SINGAPORE market yesterday closed slightly lower with September One RSS buyers quoted at 277.75 cents per kilo, down 3.25 cents from Wednesday's close, dealers said. Morning prices were marked down about 2.25 cents on lower London advices, stale bull liquidation and upcountry" selling, they said. Afternoon prices fell
      292 words
    • Article
      RAS PRICES
      285 4 R.A.S. prices in cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 280.25 281.25N Int. 1 R.S.S. September 278.75 279.25 Int. 1 R.S.S. October 279.25 279.75 Int. 2 R.S.S. 272.50 273.50N UK/Coat 273.00 271.50N Int. 3 R.S.S. 269 50 270.50N UK/Coat 268.50 *****N
      285 words
    • Article
      SSR and SMR
      109 4 NOON SSR and SMR price* y**terd*y: RAS ICarmt Mtb) Buyer* Seller* SSR 20 <1 ton pellet) 287 50 269 SON SSR SO (l-ton pellet) 264 50 266 SON October (Forward Mth) Buyer* Seller* 267 50 269.50N 264.50 266. SON MRELB SMRCV SMRL SMR CP SMR 5 SMR
      109 words
    • Article
      Duty rates
      88 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Aug 23 until further notice: Babfcer: 290 cents a kg; Caprm: M 51,217.36 a tonne; Palm kerari: $955.75 a tonne; Wktte pepper: U,699.81 a tonne; Black pepper: $3,250.22 a tonne; The rates of duty payable
      88 words
    • Article
      Straits tin
      97 4 THE STRAITS tla price la Peaaag yesterday weakeaed Mfll per picul to to stead Ms 77 belew the later- aatleaal Tla Agreement ceiling, dealer* said. Te market weakeaed fellewiag aa extremely large delivery ef tla metal (ram mlaers far clearance befere the Harl Raya baUdays aad partly dae
      97 words
    • Article
      Closing prices
      31 4 Rubber; Aug 23 Singapore: September: 277.75 cents (down 3.25 cents) Malaysia: September: 278.50 cents (down 2.75 cents) Tim M 51,873 (down $11) Official offering: 267 tonnes (up 105 tonnes)
      31 words
    • Article
      Rice
      334 4 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 096, 100 per cent second class 0.85, 100 per cent third class 0.80, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.62. Special 0.56.
      334 words
    • Article
      Produce exchange
      385 4 TRADING conditions at the Singapore Produce Exchange on the eve of the Hari Raya holidays continued to maintain its steady momentum. Business appeared to be unusually brisk despite the festive mood prevailing in most of the sectors. In an abrupt reversal of its previous move, the Philippines yesterday
      385 words
    • Article
      Hongkong Comex
      163 4 THE SUGAR futures market yesterday continued the recent quiet trend with no trades, dealers said. September closed at 8.90/ 95 US cents against Wednesday's 8.85/90 close, October at 9.10/15 against 9.15/20 and July at 10.90/95 against 10.95/U.OO cents. Sugar futures closing prices: (Mi| CMag Sept 8.90 8.85/90 Oct
      163 words
    • Article
      Textiles
      192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) C*ttM yarn: China Blue Phoenix 20s 2.280; 32s 2,800, 40s 3,030 (per bale of 400 lbs). Piece (m4s: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      192 words
    • Article
      Wheat
      68 4 WHEAT futures closed 6'/i to 8 US cents a bushel lower in Chicago on Wednesday. Traders said commercial liquidation continued in the afternoon and locals were sellers as well. Hedging followed overnight country movement, they added. Analysts said yesterday's heavy liquidation of long' positions came when Tuesday's gains failed
      68 words
    • Article
      Palm oil
      76 4 C.I.F. North European ports, In US dollars per ton unless otherwise stated. LONDON: Wednesday Previous Malaysian 5% f fa bulk per tonne October unch 647.50slr November unch 647pd Sumatra 5* ffa bulk August 650 OOpd 660 OOslr September 665 OOslr 662.50pd October 652 OOslr 657.50slr November 657 50/660.00pd
      76 words
    • Article
      LONDON MARKETS
      802 4 COFFEE: Robusta futures closed quiet yesterday morning. It was slightly easier with losses from Wednesday ranging £1 to £8 per tonne. Turnover was 1,616 lots including 15 options. Prices ended nearer the lower end of the session's trading range after early dealer selling and steadier sterling had trimmed
      802 words
  • ASIAN STOCKS
    • Article
      Lock icon Market sentiment remains bearish
      552 4 TOKYO Source: DBS Daiwa AFTER opening firm with interest mainly on large capital issues, the market yesterday became bearish due to investor caution towards the close. Rotation buying pushed up some pharmaceutical issues and precision issues. With large institutional purchases, Mitsubishi Heavy Industry posted a new
      Source: DBS — Daiwa  -  552 words
    • Article
      Lock icon Hongkong
      291 4 Source: SHK Sec WEDNESDAY'S rally could be not be sustained yesterday and although prices opened steady, local sellers continued to liquidate their holdings causing property shares and blue chips alike to plunge. Trading was quite brisk but prices tended to be wide at times as buyers retreated to the
      Source: SHK Sec  -  291 words
    • Article
      Sydney
      283 4 DEVELOPMENTS in the Ampol buying situation and the listing of new companies were major features of a generally easier market after the big gains made in Tuesday's post-budget trading. AUG 23 Cents INDUSTRIALS ACL 200 2 A. N 1 180 J A. P M 143 J Ampol Pet B
      283 words
    • Article
      Bangkok
      225 4 AUO 23 Bahu Aji* Credit 220 2 Aala Plbr* 1M -1 Ayutfmjr* In* And Trutt Bangkok Inveetmenl Banckok Bank Bangkok Drying And (Uln 234 350 unch -1 Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of A*ta Bank Of Ayudhaya Ltd ZZ 185 Bat* art Berll Jucker Carpet Inter-
      225 words
    • Article
      Manila
      144 4 THE MARKET closed mixed yesterday with oil and mining averages posting gains, while commercials declined, dealers said. Turnover rose sharply to 8.26 million pesos from Wednesday's 5.06 million. Benguet Con B and Philex B rose while Baguio Gold, Lepanto B, Phil Overseas, Seafront, CDCP and Meralco lost ground AUG
      144 words
    • Article
      Selected indices
      63 4 FINANCIAL TIMES INDUSTRIALS Wednesday 465.7 Tuesday 464.5 Week Ago 474.2 DOW JONES AVERAGE INDUSTRIALS Wednesday 885.84 Tuesday 886.01 Week ago- 885.84 LONDON DOLLAR PREMIUM Wednesday 30' to 30 v t Tuesday 30'« to 30*t H.K.HANG SENG Thursday 573.03 Wednesday 590.09 Week ago 615.89 SYDNEY INDUSTRIALS Thursday 516.21 Wednesday
      63 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      251 4 I I F F!=[ ii': THE FIRST INTERNATIONAL RUBBER AND PLASTICS EXHIBITION FOR ASIA WORLD TRADE CENTRE, SINGAPORE. 26-30 MAY 1960. Every year, thousands of new rubber and plastic products enter the market. Whether for use in industry or the home, every product reflects some new development in engineering or
      251 words
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  • OVERSEAS
    • Article
      Lock icon America warns Japan over valve subsidies
      430 5 AP THE US Treasury Department, which charged that Japan may be subsidising exports of scales and valves and some related products, threatened to counter the move. The department said a preliminary investigation indicated the Japanese government is providing preferential financing and tax incentives for
      AP  -  430 words
    • Article, Illustration
      Lock icon NO DEBATE DELAY
      347 5 NYT AMERICAN delegates failed to obtain postponement of a UN Security Council debate on Palestinian rights as Arab and Third World representatives pressed for the presentation of a draft resolution. Mr Donald McHenry, the deputy United States representative on the Security Council, said the US will veto
      NYT; UPI  -  347 words
    • Article
      Mondale leaves for Beijing
      129 5 AMERICA S Vice-President Walter Mondale leaves for Beijing today, the most senior US official to visit China since the Carter Administration took office and since the two countries sealed their reconciliation in January. In protocol terms, the trip returns a visit to the US early this
      129 words
    • Article
      Lock icon Refugee horde
      71 5 AFP THE number of refugees in the world "will probably rise markedly over the nqxt few years", according to a US Library of Congress study ordered by Senator Edward Kennedy and issued in Washington yesterday. Some estimates of the current total go as high as 13.3 million people,
      AFP  -  71 words
    • Article
      Lock icon Strong attack on textile import curbs
      457 5 AFP A STRONG attack on import restrictions on textile goods under the multifibre arrangements (MFA) was made on Wednesday by Britain's leading independent consumer protection organisation following a widespread survey. This organisation, the Consumers' Association, publisher of the "Which" magazine, reports that the controls'
      AFP  -  457 words
    • WORLD IN BRIEF
      • Article
        Lock icon KUWAIT UPS GAS PRICE
        379 5 Agencies KUWAIT has raised the .average export price of its liquefied gas by 18.6 per cent to U*****.7 from $170 a ton, the Gulf News Agency reported. It quoted a Kuwait Oil Ministry official as saying the new price, retroactive from the middle of August, will
        Agencies  -  379 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      750 5 ARRIVALS Service Local Operator Number Time From TMA TL345 0530 BEY BOM /KUL SIA SQ88 0650 KWI BAH MAS MH601 0700 KUL MAS MH682 0710 KCH SIA SQ101 0815 KUL UTA UT563 0825 NOU MAS MH621 0840 PEN MAS MH607 0845 KUL RBA BI421 0930 BWN MAS
      750 words
    • Article
      Lock icon World's main problem will be sharing of resources
      364 5 UPI THE world's main problem over the next half-century will involve equal distribution of resources, rather than the danger they will he exhausted, a population re-search-organisation In Washington suggested. The group, Population Reference Bureau Inc, said a slowdown in population and economic
      UPI  -  364 words
    • Article
      Lock icon US foreign assets fall
      59 5 Reuter FOREIGN official assets in America fell by US$lO.l billion (about 5521.5 billion) in' the second quarter after decreasing by $8.5 billion in the first. The US Commerce Department said the second quarter drop continued to reflect intervention sales of dollars by several major industrial countries
      Reuter  -  59 words
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  • Article
    An eye-opener from Lam Soon
    416 6 IT MAY not be obvious to some, sitting in the midst of a city humming with plans for an industrial revolution, that Singapore is in the centre of a region rich in natural resources. Caught up as we are in the throes of restructuring our
    416 words
  • Article
    Who's complaining about inequality?
    276 6 REPORTS such as the one just produced by the Population Research Bureau are of questionable value. They add very little to the sum of our knowledge about the world, and they have even less to say about practical solutions to its problems. In this case, there
    276 words
  • Article, Illustration
    Lock icon Russia's hush hush airline
    1068 6  -  By CHARLES BREMNER Reuter WHEN two jets of the world's biggest airline slammed into each other high over the Soviet Ukraine this month, it took five days for the news to get out. The reaction to the collision, still unreported by Soviet national newspapers and television,
    Reuter  -  1,068 words
  • Article
    Love-hate relationship
    948 6  -  By FRED HECHINGER BUSINESS and higher education have long been involved in a love-hate relationship, needing but distrusting each other. Academics charge that business is interested only in the bottom line, and businessmen complain that academics never have to meet a payroll. Academics tend to be condescending about
    948 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      119 6 *\v s mm *WlsSj R <59 >A 4 n r^ 5V V 9 ii fc? ©TO a <* as me nfc M At last, reach the big spenders. Leisure Times is right on target For as little as $15, you can reach the swankiest, the best dressed, the most affluent
      119 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1454 6 GOOD HOLIDAY FARE THERIJ should be eaMgk to keep yon raumUy teeipied if yon are MUttag on the television to entertain you daring this holiday. Start off at 11.29 with Those Magnificent Men in Their Flying Machines, a comedy with the likes of Terry Thomas, Eric Sykes, Robert Moriey and
      1,454 words
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  • Article
    Lock icon Good side of inflation
    862 7  -  By ROBERT EISNER NYT IS INFLATION bad for investment? The developing recession could cripple business investment. In the last recession in the US, the deep recession of 1974-75, while unemployment rose to 9 per cent from 5.2 per cent, real non-residential business fixed investment fell 17.5
    NYT  -  862 words
  • Article
    STRAWS IN THE WIND
    260 7 A RECENT directive issued by the new chief executive of a large local organisation specifies that all memoranda and other submissions to him be limited to two sheets of paper, and that these sheets be of A 4 size. An admirable move towards conciseness in thought
    260 words
  • Article, Illustration
    Lock icon Should we live now and work later?
    1060 7  -  We know about flexi-time, in which workers can choose what hours they will work. Now comes flexi-life choosing which parts of your life you will spend working. NORRIS WILLATT reports. NORRIS WILLATT FT FLEXI-TIME, the system by which workers are allowed some degree
    FT  -  1,060 words
  • Article
    A new plan to assist local enterprises
    988 7  -  FORUM With QUEK PECK LIM THE QUALITY of manage- 1 ment is what separates the winners and losers in the competitive business environment. I That is so much an article 1 of faith in business schools and in corporations all over the globe
    988 words
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      Page 7 Advertisements Column 1
      254 7 Word power: Edward de Bono 265 special words are covered here. This big new book from de Bono, author of Lateral Thinking, makes available for the general reader an invaluable store of the vital words which form part of the living vocabulary of every thinking man. The War Lords: /AlpQvi
      254 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      37 7 BnStoW ifenkDHcteus jon£.s is RightTePk is vrstiw i r-0\ c vr/i'vL NOUi THC B^tCC BCfej4 SuBSTRNTiPsLLV \tsicßeßseD so rue Flfwour WPvS P^CjGO«O«NGuy €-\TneR TMPTT OR PH-L -Mpti mor4e/ mp»s MornaeD my Buds (CNgv f? V V!iV JSJ '<!.*
      37 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        252 8 AUG 22 Frs CORBE1LLE Air-Liquid* B S N Oervals Danone C S F (Thomson469 70# 414 90 -S •2 -12 Cle Francalse dei Petrolea Compagnle Financier* Compagnle 191 JO -2 General* Credit Foncter De France Hachette (Llbralrle) Machines Bull Michel In (B) Paribas Pechlney Clglne ***** 483 ***** B220
        252 words
      • Article
        Frankfurt
        199 8 AUO 22 Dm •f/-Aef-Telefunken 45 ao ikan nx -01 All* Leben Alls Vers Z ***** •1 BASF 138-30 -04 Bay H T WDank 247.00 -2 Bay Vbank 278.00 -4 Bayer 1J1J0 -0.5 BBC -i_ 284.50 BMW 177 JO -15 Casaella ***** -1 Chem Verw 294.50 Commerxoank 198.50B Contl Oumml
        199 words
      • Article
        Zurich
        187 8 AUG 22 Francs Actions Sulsses Alusulsse Br Alusulsse Ref. Brown Bo*ert Br Clba Oeltjr Br Clba Oelcr P C Clba Oelfj Rej Credit Suisse Br Credit Sulsw Reg Elektrowatt Br G*orfe Fischer Br Globus Pc Hero Br Hoffman La Roche 1/10Holderbank Br Interfood Br. Jelmoli Br Motor-Columbus Nestle Br
        187 words
      • Article
        Amsterdam
        191 8 AUG 22 Fls ABN 335.50 -05 Ahold 91 00 -0.6 Akzo 29 70 -0.1 AMCV 9680 unch Am fas 117.00 0.2 Amro Bank 72.50 -03 Bergoss 57 006 Berk ***** 3 Bols tri2o 1.2 Borsumlj ***** -22 Burhmann MOO -0.7 Byenkorf 7100 -03 Calve Delft ***** -15 Dell M1J
        191 words
      • Article
        Brussels
        95 8 AUG 22 m FORWARD MARKET Aftf 423 unch Arbed 2aoo unch Astur 590 .2 Braican ill -4 Bru-Lamb 1730 unch finptf 822 16 Cock 480 -1 De Beers v 252 •2 Ebes 2185 unch Electrobel 6450 20 Ob-Inno-Bm 2610 -10 Of* 1174 -6 Hobo* 2650 -50 Pelro 5040 unch
        95 words
      • Article
        Milan
        105 8 AUG 22 Lire Anlc 1750 1 A«x Gen 1180 Baatogi 846 18 Centrale S Flat 2733 4-78 Pins id er 154.73 13.75 Qen Immob 87.50 4-5.75 in Prl 3550 unch Italcementl mm 4750 \\A\gtS 815 4-2 iuOskler 311 4 5 Magnet! M Pf 600 unch Marelli Ere 307 50
        105 words
      • Article
        TORONTO
        226 8 AUG 22 c$ Abitibi 184 •H Alcmn 45 Alfoma 29 -V, Bank Mont 24 unch Bank Nova Scotia 254 4 Bell Tel 214 4 Beth Corp BP Can Ltd 314 1 Brasran 34* 4 Camp Red Lake 8H 4 Can Imp Bk 274 -4 Canpac *4 4-4 Can par
        226 words
      • Article
        JO'BURG
        287 8 AUO 22 Rand INDUSTRIALS A Alpha 175 unch Abercom 270 unch AE And CI 510 35 AMIC 1010 unch Barlows 615 -10 Cg Sugar 730 10 CNA 300 4 10 Currte Finance 100 2 De Beers Ind Edcon 400 io Edgars 4500 200 Eveready Fed Volk 220 -5 Fuglt
        287 words
      • Article
        Continued good resistance
        1384 9 NEW YORK STOCK prices closed mixed on Wednesday, continuing to surprise analysts with their resistance to depressing news. In the news background is almost certain higher interest rates, a record high gold price in the morning, the troubled Middle East and the recent decline in Iranian crude
        1,384 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      680 8 See Page 4 for Asian stocks See Page 9 for NYSE prices Where to wine, dine and entertain >> 4 Si imoso Seafood j* i V! 3 J v?.t </ !lolrl rkpil MT f h* > II Everyday is a big house at'air for us Because each day is another
      680 words
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      Page 8 Advertisements Column 2
      261 8 h mmmmm >>■ French Cooking needs French Chef. We have him at La Chaumiere. Lunch 12.00 pm to 2.30 pm Dinner 7.00 pm to 1 1.00 pm Closed on Sunday 0 m L A CH AU MI E R E ?J4 r HOOR f ARf W MOUSE ORfHAMD R()A[> SI\(,APOMf
      261 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Bank Handlowy's stern measures
      453 9 NYT BANK Handlowy, the foreign-trade bank that manages the bulk of Poland's staggering US$l5 billion (Ss33 billion) in debt to the West, has over the last six months replaced its chairman, president and many of its top operating offices. It also opened a direct line of
      NYT  -  453 words
    • Article
      Foreign loans for S. Korea
      277 9 THE state-run Korea Electric Co (Keco) has been authorised to obtain two foreign loans totalling US$2B9 million (***** million) to expand its power generating facilities, the Korean Economic Planning Board said. Board officials said the government's foreign capital inducement deliberation committee approved a $189 million
      277 words
    • Article
      Lock icon New lending scheme for Third World oil needs
      400 9 NYT IN THE WAKE of the latest oil price increases, the World Bank is rapidly expanding a new lending programme for oil, gas and coal production in the developing world. The stepped-up energy programme, however, is still less ambitious than a programme
      NYT  -  400 words
    • MONEY AND EXCHANGE$
      • Article
        London
        196 9 STERLING yesterday provided the only interest at the opening after its overnight gains on commercial demand and buying from the international monetary market in Chicago. It opened sharply higher at U5J2.2317/27, compared with Wednesday's closing $2.2180 85, but only fractionally up on New York's closing $2.2300'20. The US dollar
        196 words
      • Article
        Tokyo
        138 9 THE US dollar for overnight delivery closed at 218.90 yen yesterday, unchanged from the opening, but sharply above 217.93 at Wednesday's -close, dealers said. Trading was fairly active, with volume at $591 million. After opening sharply higher, the dollar moved between 218.60 and 218.90, a two-month high, in fairly
        138 words
      • Article
        Hongkong
        152 9 THE US dollar yesterday traded narrowly mixed against major currencies in late dealings here in the abscence of new major factors, dealers said. It rose marginally on profit-taking to 218.80/90 yen from an early 218.60/70, but was below the 219.15/30 New York close on Wednesday night. It also firmed
        152 words
      • Article
        Asian $ rates
        187 9 Asian rates ASIAN currency deposit interbank rates as at close on Aug 23: 7 days 1 month 2 months 3 months 6 months 9 months 12 months US D«ll«r*(Spot> Offer Bid 11H 11 12 5/16 12 3/16 11"* tl»i 11". 1H» 11 15/10 11 13/16 119/16 117/16 117/16 US/16 l
        187 words
      • Article
        PLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8.5 per cent.
        21 words
      • Article
        Discount
        53 9 RANGE ct prices offered by discount houses on Aug 23: Overnight 3% 5' tH Call deposits 5' Closku Buyisg Sella* 3 month Treasury bills 5'» 5 l 3 month Bank bills 8 J 8'. 3 month CD 8 J 8 1 0 month CO 8'» 8 J Source: National
        53 words
      • Article
        Australia/NZ
        46 9 AUSTRALIA/NZ exchanges quotes on Aug 23: US dollar -1.1302/1.1254 Sterling 0.5084/0.5024 Ninety-day air mail buying rates: Sterling 0.5304 US dollar —1.1699 Ninety-day forward buying Sterling 0.5126 US dollar —1.1326 NEW ZEALAND: Reserve Bank mid-rate: US dollar —1.0106 Trading Bank indications: Sterling 0.4549/0.4519 US dolllar 1.0158/1.0058
        46 words
      • Article
        Singapore market
        487 9 THE US dollar closed little changed yesterday from the previous day's levels against major currencies. Most of the trading was seen in the dollar against the yen. Opening at 218.6575 against the Japanese yen, the US dollar registered some slips before gaining to touch 218.90/00 yen when Tokyo
        487 words
      • Article
        Gold
        219 9 THE SINGAPORE gold futures yesterday closed between US$l.4O and US$2.lO an ounce firmer on higher overseas advices and preholiday book squaring, dealers said. Business was centred mainly in December contracts with turnover at 345 lots compared with 385 lots on Wednesday. December closed at U5320.20/50 an ounce compared with
        219 words
    • Article
      Lock icon TIE-UP FOR TOKIO MARINE
      97 9 AFP TOKIO Marlae aad Fire InsanuK* Ca. said it a IS per ceat eaaity share la Karya Fire mad Marlae laaaraaee Ca. Saath Karea. TaUa Marlae, Japaa's tap aaa-life lasaraace ctaf'tiMitkVhe "k* reaa Ca. waa chiefly aimed at pravtdißg better lasaraace service ta Jspaaeaeaffiliated baslaeaaea la
      AFP  -  97 words
    • Article
      Lock icon Floating rate issue from Tokyo bank
      77 9 Reuter THE BANK of Tokyo will issue US$5O million (S$UO million)of negotiable floating rate certificates of deposit due 1984 on the New York capital market this month, banking sources said. This will be the first fiveyear rate certificates to be issued by a Japanese
      Reuter  -  77 words
    • Article
      More innovative services required
      349 9  -  By OUR REPORTER A LOT has been said about local commercial banks not being able to match the range.of services that is to be found in the more developed countries. Banks in America, for instance, have been forced to come out with more imaginatively planned and
      349 words
    • Article
      Risk Research holds reinsurance courses
      269 9  -  By RUTH CHENG AN independent consultancy firm in risk management and insurance from London will be presenting short courses in reinsurance and captive insurance for companies in Singapore at the Mandarin Hotel from Sep 4 to 7. Although reinsurance still play a major role in
      269 words
    • Article
      Thin trading for US$
      256 9 TRADING in the US dollar against the yen has been thin during the past month due to the summer holidays. Over that period the yen was traded in the 215-218 yen/dollars range. The yen's movement against the dollar has generally mirrored the movement of the continental
      256 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      371 9 SANDY/FAWKES KILLING TIME by Sandy Fawkes Sandy Fawkes felt like screaming inside. The man she'd spent six days and nights with "a cross between Robert Redford and Ryan O'Neal" had just been revealed as a mass murderer, rapist and a pervert. Sandy lived to tell her story because the killer
      371 words
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  • Article
    BUSINESS DONE ON THE SES AND KLSE
    1335 10 In Singapore BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted
    1,335 words
  • Article
    Unit trusts
    156 10 SINGAPORE UNIT TOUST INCOME BOND UNIT (Mii|iw' prim tar Aagf7) (Carnal ft lees) The Commerce 107 23D Income Bond 1.12 1.17 The Saving Fund 138 146 S pore Prof Fund 0.98 103 S pore See. Fund ICC 1 76*d S'pore Invest Fund 1.23 1.30 MARA BUMIPITRA S'pore Equity
    156 words
  • Article
    SHARE INFORMATION SERVICE
    2650 10 Gr'a Gr's Net 1979 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- Cvr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Aetna 240 unch 15.0 23 62 123 2 240 240 196 123* Alcom 196cd 10.0 1.3 5.1 26.1 148 no Allied
    2,650 words
  • Article
    Government bonds
    80 10 1/4% T F 15/4/91 (250.000) (100.258 100-355) 1/4% T F 15/7/91 (250.000) (100.258 100.355) 6 1/4% T F 15/10/93 (250.000) (100.238 100.335) 1/4% T F 15/9/95-97 (2504)00) (1001TB 100.278) 6 1/4% T F 1/5/97 (250.000) (100.178 *****8) 1/4* T F 16/4/98 (250,000) (100.158 1002SS) 6 1/4* T F
    80 words
  • Article
    Stock options
    97 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. Haw Par (Sept $1.20) (0.3Z8 0.375). Hint P E (Sept- $1.60) (0.50B) laebeape (Sept
    97 words
  • Article
    In Kuala Lumpur
    1332 10 5? BID and offer prices officially listed p and business in and reported to the 9 Kuala Lumpur Stock Exchange yesd terday with the number of shaies traded shown in bracket! in lots of 1.000 units unless otherwise specified. INDi'SnUALS tJinßrti <2 758) A1(Ml (1.998 2 02S)
    1,332 words
  • Article
    COMPANY MEETINGS
    180 10 Worldwide Holding* Bhd: AGM and EOGM to be held at Room B-l, Basement Floor, Bangunan Ingeniur, Jalan 52 4, Petaling Jaya, at 10am on Aug 29. Malayawata Steel Bhd: AGM to be held at the Negara Room, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur on Aug 30
    180 words
  • Article, Illustration
    Generally lacking in vigour
    557 10 EASIER tndiag conditions persisted on the Stock Exrhuge of Singapore yesterday. The overall trend lacked vigour at Investors retreated to the sidelines to await the retnm d the hnoyant conditions of last week. The previons day's selling wave was held at hay, hot Intermittent hoots of
    557 words
  • Article
    Mildly easier trend in KL
    457 10 A MILDLY easier trend prevailed on the half-day of trading at the Kuala Lumpur stock market yesterday. As expected, there was not much business done, given the two and a quarter hours time limit on the eve of the Hari Raya festivities. Traders were in
    457 words
  • LATEST RESULTS
    • Article
      GENERAL Ceramics
      67 10 has reported a pre-tax profit for the six months ended June 30. 1979, of M 51.06 million as compared with $593,751 the previous period. Net sales registered $3.45 million, an increase of 31 per cent from $2.63 million previously. The directors said the improvement is attributable to the
      67 words
    • Article
      HOTEL Negara
      20 10 has report-^ Ed a pre-tax profit for the half-year ended June 30,1979 of $316,899 compared', with $200,895 previously.
      20 words
    • Article
      PRIMA Flour
      35 10 has reported* group pre-tax profit for thej half-year ended June 30,• 1979 of 558.12 million as, against $7.79 million the; previous period. Turaoter* registered $71.86 million as! against $85.47 million (fee year before.
      35 words
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  • COMPANY NEWS
    • Article
      Intraco looking to record earnings
      674 11  -  By ANTHONY TAN FIRST-HALF performance at Intraco was uplifted by a successful breakthrough into 'new overseas markets and a general improvement in its various divisions. This has placed it in a firm position to achieve record profits this year. Group profits (before minority interests) were
      674 words
    • Article
      United Motor Works resumes interim payout
      522 11 UNITED Motor Works (Malaysia) Holdings has come up with pleasing news for shareholders in the form of much brighter interim earnings, resumption of interim dividend payment and a one-for-three bonus issue. Group pre-tax earnings for the six months to June 30, 1979 nearly trebled
      522 words
    • Article
      Inch Kenneth is optimistic
      484 11 THERE are reasonable prospects that Inch Kenneth Kajang Rubber, a small British plantation company quoted on the Kuala Lumpur Stock Exchange, will achieve better results in the current year. This is despite the fact that production to date is below expectations, chairman C.W. Tresise tells shareholders
      484 words
    • Article
      DIVIDENDS ANNOUNCED
      365 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Int Wood 15% TE Jul 16 Jul 20 Aug 25 15% TE 10% TE Pegi Msia 5% Jul 26 Aug 7 Aug 25 5% M Tobacco 12.8% I Jul 31 Aug 11
      365 words
    • Article
      SCRIP ISSUE
      117 11 Company Particular* Ex Date Book* Close NSOP Bonus Issue of 3 for 2 Aug 23 Sept 5 B Semb Bonus Issue of 3 for 1 Sept 7 E A I Bonus Issue of 1 for 2 Sept 10 Sept 20 U M W Bonus Issue of 1 for
      117 words
    • Article
      Pacific Chemicals turns in creditable results
      222 11 FOR THE second year running, Pacific Chemicals (an associate of Dow Chemicals Company), has chalked up a creditable interim performance despite chairman Mr Colin Goodchild's initial reservation of slower profit growth this year. Unaudited pre-tax profit for the first half-year ended June 30 rose
      222 words
    • Article
      COMPANY BRIEFS
      376 11 PERAK Carbide Corporation has announced the following changes in its board of directors: 1) Dato Haji Ishak bin Haji Mahmud has resigned as director of the company with effect from July 10. 2) Mr Peter Lee Kim Pong has resigned as director and managing director of the company
      376 words
    • Article
      Plantations remain on firm ground
      377 11 PLANTATION land prices in Malaysia continue to be strong with no sign of levelling off, underpinning the attractiveness of certain plantation stocks on the Malaysian and Singapore markets. Stockbroking firm, James Capel in its Far East newsletter, quotes a price of $3,500 per acre of
      377 words
    • Article
      Worldwide Holdings
      69 11 WORLDWIDE Holdings Bhd said the audit of its annual report and accounts for the year ended Dec 31, 1978 has been finished and will be ready for release by the end of August. The delay, it told the KLSE, was due to the fact that the 1977 accounts
      69 words
    • Article
      Lock icon Fundamentals first
      517 11 S3OBCL™, by HOCK LOCK SIEW THE SUDDEN selling wave that hit the market on Tuesday afternoon and perpetuated itself in the following two trading days has been attributed to various factors. The market in Hongkong was taking a nose dive amidst soaring inflation and rising interest rates. As
      by HOCK LOCK SIEW  -  517 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      151 11 Study Accountancy with the Specialists Study with Foulks Lynch J LONDON Since ISB4 Foulks Lynch have specialised in tutoring students f rom all round the world tor the various Accountancy examinations and over these years have achieved 149,000 SUCCESSES 406 FIRST PLACES 376 SECOND PLACES 4,000 other HONOURS and AWARDS
      151 words
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  • Article
    Haw Par director alleged to have concealed information
    296 12 A FORMER director and legal adviser of Haw Par Brothers International Ltd (HPBIL), Mr RK Booker, alleged yesterday that Mr Donald Ogilvy Watson concealed information from him for three and a half years. Mr Watson was a former managing director of the
    296 words
  • Article
    LONDON STOCKS
    883 12 LONDON, Thurs. Share prices closed generally easier, although many were above the day's lows after second quarter figures from ICI, dealers said. ICI closed 6p higher on balance at 346p, after being 4p lower ahead of the results. Other leaders reduced earlier falls from lack of support, and
    883 words
  • Article
    Good news from Sime's stable
    662 12  -  KEMPAS, BENTA, TAIPING By DAVID CHOW SIME Darby holdings yesterday released the results of three more companies within its fold Kempas (Malaya), Benta Plantations and Taiping Consolidated whose profits for the year ended June 30 approximate the forecasts of analysts. The results of the three
    662 words
  • Article
    Sabah timber seminars
    214 12 THE Malaysian Timber Industries board (MTIB) will organise timber investment seminars in Sabah next month in response to a suggestion by Primary Industries Minister Leong Khee Seong that timber interests in Peninsular Malaysia and Sabah and Sarawak should set up "joint ventures" for the more balanced exploitation
    214 words
  • Article, Illustration
    Lock icon Separated by walls
    35 12 Bd|ig residents passing to read wall pastors m the Demecracy Wall appealing to Chairman Haa Gae-feag to release the people Imprisoned far patting ip wall pesters last April. AP phato. AP photo
    AP photo  -  35 words
  • Article
    Asean asks for Icap deferment
    162 12 ASEAN countries yesterday requested Australia to postpone the introduction of the Australian-Hongkong cheap fares scheduled for Monday. They called for the simultaneous implementation of the cheap fares scheme in the AustraliaHongkong and the Australia-Asean sectors. In a statement yesterday, the secretary-general of the Transport Ministry,
    162 words
  • Article
    Aussie air fares to go up
    94 12 INTERNATIONAL air fares to and from Australia will rise by up to 16.7 per cent from Sep 6, Australian Transport Minister Peter Nixon announced. He said the increases were caused by recent oil price rises and fares on the Australia-South-east Asia route to Singapore,
    94 words
  • Article
    Dealers ask for diesel decontrol
    368 12 THE FEDERATION of Petrol Dealers' Association has suggested that the Government decontrol the price of diesel and take over its sales. These were two suggestions from a list tabled by the federation to the Trade Department at a meeting on Wednesday. The government officials at
    368 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      480 12 TRADE with CHINA OCTOBER 11 12,1979 Applied Research Corporation and Business Times (a member of The Straits Times Group) will be organising a top level conference on TRADE WITH CHINA. The two-day conference will be held in Singapore on October 11 and 12,1979 at the Shangri-la Hotel. The conference will
      480 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      62 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Isolated showers in late morning. Report for 24 hoars prior to 7.3t p.m. on August 23 at the airport Maximum temperature 28.7 Associated humidity 76 Minimum temperature 23.1 Associated humidity 100 Hours of sunshine 1.60 Rainfall in millimetres 36.3 Total
      62 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        ABS to conduct surveys
        77 13 THE American Bureau of Shipping (ABS) has been approved by the Indonesian Government Ministry of Oil and Gas (Migas) to conduct surveys for the certification of fixed oil and gas platforms in Indonesian waters. ABS will coordinate this work through its Indonesian affiliate, P.T. Indospec. ABS
        77 words
      • Article
        Lock icon Port conditions
        93 13 Reuter LLOYDS Shipping Intelligence service gave the following information on port conditions on the dates specified. Assab on Aug 6, there were berthing delays for two to three days. New Orleans on Aug 21 vessels awaiting berths as of Aug 20 were 2 at dockside, 8 in general
        Reuter  -  93 words
      • Article
        Lock icon Ship sales
        87 13 Reuter SECONDHAND tonnage brokers reported that Coastal States purchased the tanker Skopas 121,719 long dwt built in 1966 for about US$5 million (Ssll million). Bulk carrier Oriental Merchant 29,304 long dwt built in 1965 has been sold to Greek interests for $3.2 million, according to brokers who also
        Reuter  -  87 words
    • Article
      U. Carriers in joint venture
      484 13  -  COMBINED SERVICE By TEO TECK WENG UNITED Carriers, just over a year in the bulk-carrying business, will soon join hands with a prominent local trading company to own and operate a small fleet of bulk carriers. An agreement is expected to be signed before the
      484 words
    • Article
      Lock icon London freight market
      182 13 UPI COMBINED with persistently doll grain charterlag, a dlmiantisa if reported time-charter business severely depleted freight market activity. Mist grala business stemmed f ram the St. Lawreace laadlag area where Dreyfus made the main contribution. They teak the Gaidearad tram the St. Lawreaee to Basrah with a
      UPI  -  182 words
    • Article, Illustration
      Extensive working over
      301 13 THE 3,251-deadweight livestock carrier, AL-KUWAIT (above), owned by Livestock Transport Trading Co. of Kuwait, was recently given an extensive refit schedule at Sembawang Shipyard. The ship arrived in June from Kuwait, for commencement of underwater repairs. The tailshaft was withdrawn for examination, along with the renewal of
      301 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      2060 17 SHIPPING LIST where your ships are due and when 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
      2,060 words
    • Article
      INDEX
      528 17 Shipping Liae Page CM ACS n 5 Afea IV 3 Alpac IV 5 Angkutan n 3 ANL i 1 APL m 2 Arya Nat n 5 ASCL in 1 Asia America n 5 Asia Merchant n 5 Atlas IV 4 Aust.Cont IV 5 Bank m 5 BBS n 2
      528 words
    • Article
      Container Schedules
      987 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      987 words
    • Article
      Buoyant figures for the first half-year
      767 18  -  BY HSUNG BEE HWA SINGAPORE'S seaborne trade continued to be buoyant. A total of 37.6 million freight tonnes (FT) moved through Singapore for the first half of the year. This is a 10 per cent improvement over the same period last year. Cargo discharged
      767 words
    • Article
      CONTROLLING COSTS WITH CHOICE OF FLAG
      1374 18 IT IS incumbent on all respectable ship management organisations to keep running and operating costs to the minimum compatible with safety and efficiency. While planned maintenance and judicious bunkering undoubtedly represent key elements in the complicated costs equation,crew costs and flag of registry can
      1,374 words
    • Article
      How to insure against the worst in marine fraud
      1310 18 The field of marine fraud is remarkably wide, some of it are associated with the selling of cargo and involving either a temporary change of name or the scuttling of a ship. But in such cases there is usually a measure
      1,310 words
    • Article, Illustration
      SHIPS IN PORT
      347 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Gelang (2100) 19 Fujikawa Maru (Tanker) (2200 after Palm Sea Horse, subject gas free, P/ O) 15/16 Nedlloyd Hongkong (after Nedlloyd Kobe) 3/4 Pabloeverett (0800 tide) 27/28 Palm Sea Horse (Tanker) (0600 P/O) 15/16 Samoa (after Neplune Agate Keiyo Maru) 35/36
      347 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      493 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED./U.K. Singapore Tel 9'SOU Port Kelang Tel *****1 Kuala.Lumpur Tel ***** Penang Tel *****6 lAR DIM AM AH Orient Overseas Comlcjmza. Line FULLY CONTAWERtSED SERVICE TO EUROPE (VIA SUEZ) S pore P Ketanf Fstowe leHawe R'dam H'bwj Antwerp l„Po,t 25 8 13/9
      493 words
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      Page 13 Advertisements Column 2
      304 13 *I3E SEALORD ANTAH n UASC UNITED ARAB SHIPPING CO (SAG) GULF WEEKLY MULTI PURPOSE SERVICES S'pOTC I loadinf for GN AL ATHEER 27/8 Mma Qaboo* (8/9). Dubai (11/9). Doha (13/9). Dammam (16/9). Kuwait (19/9) UN BAJJAH 31/8 Dubai (12/9). Abu Dhabi (15/9), Bahrain (18/9) Dammam (21/9). Kuwait (24/9) BNSHUHAD 1/9
      304 words
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      Page 13 Advertisements Column 3
      358 13 NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE K Mam N PEARL C RO7E K lACEHON HK CONTAMER MERCATOR 0 CHEF C CONTAAER N PEARL S pore Closing Tunes fa Cargo 1000 71 Aug ta c*ro ??oo Auc Also accepting cargo to trom ScaoAna«>a Hburj B»em
      358 words
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      Page 13 Advertisements Column 4
      868 13 Regular Liner Services To/ From All Parts of the World. Singapore Tel *****1 Pon Kelang Tel *****1 Kuala Lumpur Tel ***** Penang Tel *****6 MAERSK LINE For US Plate. Pacikc North West G«H t Atlantic. Cast Canada and Meiico (Also accepting tot Hongkong. Taiwan Japan and Korea I Mottw Vessel
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      752 14 rHapag-Ltoydj FULLY CONT AMERCED TO EUROPE CarAf an Bay Taka Etprns Xowtaon Bar Rhne Mara Kaluga Mara Osaka Bay Bcnalder Hamburg Eipreu Inrtfpool Bay I okro Bay Cardfan Bay Spat PKeiang HTwrt Bluvcn It dam It Harve InPort 12/9 14 9 15/9 17 9 29 '8 19 9 21,9 22
      752 words
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      Page 14 Advertisements Column 2
      343 14 ssi&Z barber blue From; US ATLANTIC US GULF I EAST CANADA Bator Priaa S*d 31/S«f 1 *>»/» From: CANADA/USA Pacific Coast bBS From: CANADA/USA Pacific Coast Sais I Siwfca|Sto Smtkoa Vancouver. BC S«Mt S *4 Safcd Sated Sated 23-25/1 J Los Anp* s San Francisco W/L *po»ss w Uu LA.*
      343 words
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      Page 14 Advertisements Column 3
      764 14 EVERGREEN LINE r FAR EAST EUROPF EXPRESS FULL CONTAINER SERVICE 1 ACCEPTING CARGO FOR HAMBURG FELIXSTOWE. ROTTERDAM. ANTWERP IE HAVRE ALSO ACCEPTMG CARGO fO* UNITED KINGDOM SOUTHAMPTON LONDON. MANCHESTER. BIRMINGHAM BRISTOL LIVERPOOL GLASGOW. LEEDS WEST GERMANY BREMERHAVEN HOLLAND AMSTERDAM port IM*| Fotistow ••Mordo* tahwrp le Howe ittt Vrti (S«pt 7i
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      Page 14 Advertisements Column 4
      969 14 Everett Lines Tj %m| Burma Fivo Star Shipping Corpn. \Bk "BURMESE NATIONAL LINE" x LOAMNG FOR RANGOON HTANTAWNIA 30/31 *ut BFS S C Agents r> Malaysia TEPS MALAYSIA Port Ketoog T«1738>-7355 Penoog TH *****/***** Compania Arfantina Oa Mavagacton I mar continental S. A. C.I. F. "ARGENTINE NATIONAL LINE" UMDMS FOR
      969 words
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      Page 14 Advertisements Column 5
      746 14 r mo.s.E. i OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103. 21ST FLOOR MARINA HOUSE SHENTON WAY MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 SANKYO LINE AUSTRALIA SERVICE P Kelang Singapore LoadMg tar: MAY PRMCE KYOTEN MARU. MAY CARf.. P. Kelang Singapore In Port 26/27 Aug 26/21 Aug h
      746 words
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      744 15 Overseas M B B I Containers Vmm Limited Weekly service to/from UK/Europe To UK/Continen( From UK/Continent Htw| item Rtom UMr»M(bT »»n v Aag nim l*«*n Eipmi Sh| 31 Aag 3 Sep Tatf* Bit Sap shp 7 Sap Cardan Bar 13 Sap 14 Sap If Sap Tata Cigrm 2* Sap 21
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      Page 15 Advertisements Column 2
      871 15 GRANARD LINE Granard Shipping Agencies (S) Pie Ltd Tel *****77 (5 Lines) Om s Trading SOn Bhd 'e >!?'j !■>'-> A/:a Snipping 4 Trading Enterprises Franco Belgian Services f AR f AST FREftO SfflVlCf WITH Bf LCIAN FAR ASTERN U\fS (Mf-nttf Of AC£ CONSORTIUM) FULL CONTAMERSHP SERVICE TO EUROPE. SINGAPORE
      871 words
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      Page 15 Advertisements Column 3
      849 15 BEN LINE CONTAINERS W Germany Austria Benrtui France Al UK P KMx( Spore f« Osaka Bay Sa4ed Safcd Salad bM Safcd 26/8 28/8 HK TWN BenaMer Salad Safcd Safcd Safcd SUM 4/9 C/ 9 HK TWN Hamburg Eipresi Safcd Safcd Safcd Safcd 25/4 12/1 14/) HK. TWN 29/8 27/1 29/8
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      Page 15 Advertisements Column 4
      848 15 Scan Dutch 9 i-'j i i 1 i fTVJiV.i Vi 7i 4.11 -!«i»i: i i ir EASTBOUND FROM MED/UK/NC/SCANDINAVIA 1) Ctwrg 2) Hh»| 3) 4«a» 4) Htm 5) I<H t) Ms**n 15/4 U/1 21/4 U/1 1) kUtra SfcdM*. o*. HMi 2) CcpaMkign. htrim 3) Antwarp Amsterdam UK Barcatawa Cm tale
      848 words
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      Page 15 Advertisements Column 5
      742 15 BOUSTEAD AGENCIES THE BANK LINE LTD LOADS FOR E. I S. AFRICA Mamnga Durban Clown. PI (Ldn>... Spore 6 9 Sep P HetangUIERM DRACOPOUOS I Reunion Durbar Ctown Pi Em t London) Spore 6-9 Oct P Mar* 10 1? Oct LVKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobile,
      742 words
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      961 16 K LINE KAWASAKI KISEN KAISHA. LTD. EUPOPE EXPRESS SEP VICE TO EUROPE Spoil" P KW.ni>: l Rdjm H buit Bii-mni A »eip >m IONIAINIR 1/W 11*1 Sept 11 Sept 1? Sept 16 Sepf 16 Sepl 17 Sept 21 Sept 22 Sept 23 Sept 27 Sept 28 Sept 29 Sept 3
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      Page 16 Advertisements Column 2
      839 16 U.S.A./EAST CANADA SERVICE Penang Betawan P Mang Sing***? E.C./GREAT LAKES SERVICE l(MOM FOR nil TOW. n»OU MONTREAL. TORONTO. ASHTABULA Penang Belawan P Mang Smgapore CALIfORMIA/PACIFIC NORTH WEST SERVICE Laatfng tar lOS ANGELES. SAN FRANCISCO. SEATTIE. TACOMA. VANCOUVER 8 C Penang P *mn« Singapore I Ange(es SO NESMAIATA 1/2 Oct S/4
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      Page 16 Advertisements Column 3
      553 16 S S A(;r«ui) SINGAPORE SHIPPING AGENCIES PTE. LTD iOTM FIOOR OCEAN BUILDING SINGAPORE 1 MARKETING *****2 I] LINES) GENERAL 91 3111 (T« LINES TELE* RS 2459S RS ***** A B CARSHiP CABLE CARGOSHI Kcginnal Coiitaincr Lines WEEKLY CONTAINER SERVICE to/from BANGKOK BANGKOK (Sw) 2/3 Sept 9/10 Sept 18/17 Sept 23/24
      553 words
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      Page 16 Advertisements Column 4
      384 16 ÜBUU. MAI >4 YSIAH I* rf*S A TtONAi SHIPPING CORPORA no* BfPHAO WISHING ALL OUR MUSLIM PATRONS AND FRIENDS SELAMAT HARI RAYA AIDIL FITRI HE AO OFFICE msm NBC Id 111 *mtt ACEHTS Kuala lunpw Penm-IBSC Id *****7/*****0 *****5 PtrtKdang Pw»»MSC 1«L 7111/4 Penang PtmavMSC M. ***** Smmtri UO SHPPWG
      384 words
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      Page 16 Advertisements Column 5
      816 16 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****1V*****57 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE AEGB KMC NBAS NOR ASA NBSO Ajwh Sngapore S pore P. Keteng Penang Loacfcng tar: 5 Sep 1 Sep Aroo (UK) Tilbury' Boulogne Antwerp W Sap 29 Sep A»on (UK) Boulogne/
      816 words
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  • Page 17 Advertisements
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      287 17 M< EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) IIARIKE U In Port SPHNX U Sept 30 mums u Oct 27 PENANG PT SMD ALEXANDRIA Aut 25 Sept 14 Sept 20 Oct 22 Oct 28 Nov 20 No* 26 Sub|tct nducemtnt MARTRANS
      287 words
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      Page 17 Advertisements Column 2
      273 17 CELTIC BULK CARRIERS K«virrlon Srrnth I m»> I uj nn.i Irish Shipnuni I t,j Regular Bulk Service For Timber ft Plywood General Agents Marathon United Agency Pte ltd Spore Tel: *****66 (3 inet) Sub Agents Manrfest Shppng Sovicn Sdn BM: Hi.. Id *****1 P. Ketang T«L *****3 FAR EAST WEST
      273 words
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      Page 17 Advertisements Column 3
      271 17 ALFRED C. TOEPFER SCHIFFAHRT Express Regular Service To Dubai El* tip M.V OCCAM SOVEREIGN 27 Auf 30 Aw TBN 22 Sept 26 Sept Owners Representative Office Tel. No *****33 agents mam nuns i svrw rn ltd 2014. 20* F> Utm Mk Imm>. !q««i 0719 Bookw Office I* Hi 294*091 I
      271 words
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      Page 17 Advertisements Column 4
      338 17 KAI UNION 26th Floor UIC Building, Shenton Woy, Singapore, 1. Telephone: *****66 REGULAR SERVICE TO CMTTAGONG REGULAR SERVICE TO BANGKOK KN I* 30 Aug 31 Aug bookings m PW KAI UNION SHIPPING SON BHO Malaysia Contact H Port Kelang Tel *****0 Pen an g Tel *****5 UNI-OCEAN CONTAINERS (PTE) LTD
      338 words
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      Page 17 Advertisements Column 5
      275 17 ark inTEFtmODRL BULB TRflfispoßTflTicn tine 2nd Fir. Oriental Plaza. Jin. Parry. K L Tel: *****4 Telex: IBLINE MA ***** STRAITS/EUROPE SEMI-CONTAINER SERVICE P Gudang Spore P Ketang Penanf R dam H burg ■DUN GOOOMU (1-7) 25 Sept 30 Sept MGOOOT (1-4) to PI SM 25 tut 23 Auj lOct 5
      275 words
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