The Business Times, 31 August 1979

Microfilm: NL10295
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES No. 141/1/7$ FRIDAY, AUGUST lf» so CENTS
    9 words
  • BRIEFLY...
    • Article
      Lock icon Timber export tax
      56 1 AFP. JAKARTA, Thurs. Sawn timber of ten wood varieties will be subject to an export tax of 5 per cent of the documented sales price as from next September 15, the Ministry of Finance announced today. The ten wood species include pinus, meranti, ramin, pulai, kapur, keruin,
      AFP.  -  56 words
    • Article
      Lock icon MCA tussle
      90 1 Reuter. KUALA LUMPUR, Thurs. Datuk Lee San Choon, president of the Malaysian Chinese Association (MCA), will face his deputy Datuk Michael Chen in the election for MCA's top post at the party general assembly on September 8. It is the first time that Datuk Lee's leadership is to
      Reuter.  -  90 words
    • Article
      Higher parcel charges
      55 1 KUALA LUMPUR, Thurs. The Malayan Railway has increased its parcel freight charges because of the rise in operational costs caused by higher transportation costs and salaries to the staff. The new rates range from MJ1.70 to $20.60 for parcels up to 60 kg carrived over distances of
      55 words
    • Article
      Lock icon World trade expands
      48 1 AFP. TOKYO, Thurs. World trade increased by 14 per cent in value and 5 per cent in volume last year largely because of increased US and Japanese exports and larger commerce inside the European Common Market, the Japan External Trade Organisation (Jetro) said today. AFP.
      AFP.  -  48 words
    • Article
      Lock icon Gold profits
      59 1 AP. WASHINGTON, Thurs. International Monetary Fund announced today that it has distributed US$396 million to 104 poor countries from profits it has made by the sale of gold. India was the biggest beneficiary, receiving $45.88 million. It was followed by Argentina and Brazil, each of which got $21.47
      AP.  -  59 words
    • Article
      Lock icon Petrochem mission
      58 1 Reuter. TOKYO, Thurs. The Japanese government plans to send an official survey mission to Iran next week to discuss a joint Iran-Japan petrochemical project, a government spokesman said today. The project to build a petrochemical complex at Bandar Shapur was almost 85 per cent complete but was held
      Reuter.  -  58 words
    • Article
      Lock icon Dow Jones
      54 1 UPI. NEW YORK, Thurs. The stock market drifted aimlessly early today in sluggish trading. The C)ow Jones industrial average, which rose 0.26 point yesterday, was off 0.59 point to 884.29 around 11 am. Advances led declines, 526 to 440, among the 1,472 issues crossing the tape. There were
      UPI.  -  54 words
  • Article
    Chief Price Changes
    139 1 Rises Indices Min Sec 710 110 Aug 29 Aug 30 Magnum Corpo 442 28 B.T.Index: 2433.23 2440.33 Aokam Rahman Hyd Straita Trading 394 522 695 22 20 15 Industrials: Finance: 397.75 399.59 718.33 722.35 Kramat 520 15 Hotels: 289.20 290.37 T Harbour 430 14 Properties: 248.52 248.67
    139 words
  • Article, Illustration
    KUALA LUMPUR
    152 1 Rises Indices M U Ind 290 +27 Aug 29 Aug 30 Intraeo 290 +26 B.T.Index: 3460.14 3479.79 Magnum 438 20 Industrials: 428.58 432.32 S Trading 695 20 Finance: 623.28 623.50 S Dredge 472 18 Hotels: 257.66 257.75 Kramat 525 15 Properties: 236.67 237.40 Pengkalen 595 15 Tins: 226.69
    152 words
  • Article
    Rollei unveils expansion plan
    779 1  -  FOCUS ON PRODUCT QUALITY By LINDA TAN THE ROLLEI group is planning to expand further its operations in Singapore. All new products developed by the group recently, except for professional cameras and projectors, will now be manufactured here. This is expected to help raise the level
    779 words
  • Article
    Air talks to come after Asean meet
    212 1 AIR talks between Singapore and Malaysia will resume after the Asean economic ministers' meeting to be held in Manila from Sep 7 to 8. However, Datuk Haji Mohd Noor Hassan, Secretary General of the Malaysian Ministry of Transport, said yesterday that the dates
    212 words
  • Article
    SDC incentives for hoteliers now before govt
    480 1  -  By WANG LOOK KEAH SENTOSA Development Corporation (SDC) has drawn up a list of incentives which the Government could offer hotel developers to encourage the building of resort hotels in Sentosa. Mr Tan I Tong, chairman of SDC and the Singapore Tourist Promotion
    480 words
  • Article
    Lock icon RECORD GOLD PRICE
    198 1 UPI, AP. THE price of gold reached all-time highs on the London and Zurich exchanges yesterday, and the dollar dropped on most European money markets. "Gold keeps going up and up," a dealer in Zurich said. "There are rumours the Arab 6 want to corner the market
    UPI,; AP.  -  198 words
  • Article
    Chinese chamber to tackle diesel shortage
    227 1 AN mi kr committee has been farmed by the Slagap*re Chlaese Chamber sf Cemmeree aad ladsstry (SCCCI) to deal with the csrreat shortage sf dime! ell la the esaatry. Aa SCCCI spskesmaa said yesterday that the csmndttoe, rimtotlsg sf U members fram alae trade
    227 words
  • Article
    OCBC bid to take over trustee company
    496 1  -  By MANO SABNANI IN a move to carve out a larger slice of the local trustee business for itself, the Oversea-Chinese Banking Corporation (OCBC) group is making a takeover bid for British Malayan Trustees (BMT). OCBC is offering $4.50 for each of the
    496 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      5 1 The well-balanced PPC T N
      5 words
    • Advertisement
      Page 1 Advertisements Column 2
      135 1 At ACBC we care, and we've made it so easy for you to save with us. For just one doftar, you can open an ACBC savings account and earn up to 6% pa. interest on your savings. And because we're fuHy computerised, you can deposit or withdraw from any of
      135 words
    • Advertisement
      Page 1 Advertisements Column 3
      64 1 iflaaia! SHIPPING TIMES ADVEKTIBINO irlve by Metre MALAYSIA likely to attola betbears (rati 2 tor unit CHINESE law ea (mip la- RALEIGH seeldag to merge vestmeato 3 wttb riva1.....—............ II GROWTH tf OECD may fail to RETIREMENT age aallkeiy to 3 per eeat 5 be extcaM 12 MEMOP AD t,
      64 words
    • Advertisement
      Page 1 Advertisements Column 4
      3 1 SEE PAGE 7
      3 words
    • Advertisement
      Page 1 Advertisements Column 5
      124 1 MONTHLY CONTESTS VALUABLE FRIZES t IT LASTS. >1 DT 1200 DT 750 DTI7OO Proof: Independent consumer studies in the United States rate Ricoh's total performance consistently high. In the area of reliability it has been rated the highest over all copiers in its class. Ricoh places more copiers than any
      124 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      336 2 COURSES AND TALKS Sept 1-2: Social Work Profession, A New Era, RELC, S'pore Council of Social Service Sept 3-5: Parenthood in Transition, RELC, S'pore Family Planning Association Sept 4: Challenges to Business Careers in the 80s, DBS Auditorium, Diploma in Management Studies Alumini Sept 17-19: Finance for Nonfinance
      336 words
    • Article
      Advertising by Metro bears fruit
      434 2  -  By CHOO AI LENG METRO Holding's latest advertising blitz is reaping handsome dividends Judging by the appreciable rise in sales of its clothing merchandise. Its advertising programme, involving a sizeable budget of $200,000, is based on a marketing strategy which aims at different segments of
      434 words
    • Article, Illustration
      Hermes data systems
      170 2 HERMES Precisa International, the leading Swiss manufacturer of precision and computerised office equipment, will use Singapore as the venue for the Asian launch of its third-generation office computers. The competitively-priced computers will be shown to senior business and industrial executives at the Hilton Hotel from Sep 3
      170 words
    • Article, Illustration
      Keep role of high wage rises in view, says minister
      316 2 MINISTER of State (Defence) Bernard Chen yesterday warned against losing sight of Singapore's two primary economic policies in the face of high wage increases recommended by the National Wages Council this year. The first of these economic policies is the
      316 words
    • Article
      Exhibitions to feature sports, transport gear
      580 2 TWO major international exhibitions, Transpo Asia '80 and Sporex Asia'Bo, will be held in Singapore next year at the World Trade Centre. The first exhibition, Transpo Asia'Bo, will be held from Oct 6 to 10. It is an international transportation, maintenance and ancilliaryproducts exhibition.
      580 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      232 2 KODAK has appointed Mr MB Walker in aa marketing manager. He replaces Mr Peter O'Brien who has been reassigned in the US. A native of Virginia Beach. Virginia. Mr Walker who is 37, Joined Kodak in 1968 and has had successive assignment in Beirut, Lebanon, Kuala Lumpur,
      232 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      132 2 I j§:». £&>■ Mm Bl: 'Is feSi BPr f vv'^',, fcj* f S J^gjjv V i a? *7>" THESE EYES WERE WITNESS TO A RECORD BREAKING EVENT Those eyes law us sell over 22,500 copies of HER WORLD in July 22,530 to be exact. A record breaker. Those eyes also
      132 words
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  • REGIONAL
    • Article
      Lock icon Australia-Asean trade pattern in coming decade
      605 3 Reuter AFP THE emerging trading pattern of the coming decade between Australia and Asean shows Australia relying on the Asean countries for labour-intensive products while Asean relies on Australia for its energy needs, Australian Ambassador to the Philippines, Richard Woolcott, said yesterday. Speaking to
      Reuter; AFP  -  605 words
    • Article
      REPORT ON MALAYSIAN PROPERTY MARKET
      120 3 THE first report on the property market in Malaysia will be officially released by the Malaysian Minister for Finance, Tengku Razaleigh Hamzah, tomorrow. The release is in conjuntion with the official opening of the 12th annual conference of valuation directors of the Treasury. Although the
      120 words
    • THE REGION IN BRIEF
      • Article
        Lock icon PHILIPPINE THAI PACT
        327 3 Agencies THAILAND and the Philippines yesterday signed an agricultural cooperation agreement focussing on coordinated development of fisheries, livestock farming, farm drainage, and irrigation, the Thai Foreign Ministry said. SOUTH Korea's hope s« starting oil exploration thin year la the East China Sea Is unlikely to materialise because
        Agencies  -  327 words
    • Article
      Preparing the way for car made in Malaysia
      548 3 IMMEDIATE priority should be given to the rationalisation of the various makes and models of motor vehicles assembled in Malaysia. Speaking at the second day of a road transport seminar in Kuala Lumpur, Mr Abdullah Mohd Yusof, controller of Sirim (Standards and
      548 words
    • Article
      Lock icon America freezes $310 m Viet funds
      213 3 AP THE United States has frozen US$l4O million (SJ3IO million) Vietnamese funds to be used some day to help Americans reclaim money they left in Vietnam. "The assets are frozen and nothing can be done with them without our permission," said Stanley Sommerfield of
      AP  -  213 words
    • Article
      Lock icon Forecast of wholesale price rise
      118 3 Reuter THE Bank of Japan said it expects to report a rise of over one per cent in Japan's wholesale price index for August over last month, when it rose 1.9 per cent from June. This would be the fifth consecutive monthly rise. The bank
      Reuter  -  118 words
    • Article, Illustration
      Lock icon SIGNING OF FOOD PACT
      49 3 Philippine President Marcos (sitting fourth from left) witnessing the signing of the food security reserve agreement by Asean Agriculture Ministers at the close of their two-day meeting. Sitting on the extreme right is Teh Cheang Wan, Singapore's Minister for National Development. UPI photo. UPI photo.
      UPI photo.  -  49 words
    • Article
      Lock icon China drawing up law to attract investments
      485 3 Agencies CHINA welcomes 100 per cent foreign-owned investments in industrial plants, Chinese Vice Premier Yu Giuli said yesterday. He was quoted by Kyodo news service as saying that China is planning to promulgate necessary laws to promote such 100 per cent investments. On
      Agencies  -  485 words
    • Article
      Lock icon Ohira paves way for national elections
      157 3 UPI JAPAN'S Parliament opened a special session yesterday that will pave the way for national elections in October. Prime Minister Masayoshi Ohira convened the session to clear up such matters as the ratification of international treaties before he dissolves the Lower House and holds
      UPI  -  157 words
    • Article
      Lock icon Malaysia is 22 years old today
      240 3 AP. MALAYSIA celebrates its 22 nd independence anniversary today with the trade surplus and foreign exchange reserves at record highs. Central Bank governor Ismail Ali Said yesterday that growth for this year is expected to be 8 per cent compared with a target of
      AP.  -  240 words
    • Article
      Petronas to supply diesel to fishermen
      103 3 PETRONAS has agreed to supply diesel to the Seberang Perai Fishermen's Association to overcome the fuel shortage now threatening the livelihood of more than 500 fishermen in Seberang Perai. The agreement was contained in a letter received by the association on Tuesday following negotiations
      103 words
  • Page 3 Advertisements
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  • RAW MATERIALS
    • Article
      Lock icon Cottonseed output expected to increase 6pc
      308 4 Reuter. WORLD cottonseed production is expected to increase 6 per cent in 1979/80 to 24.8 million tonnes from 23.4 million in the previous year, Oil World, the Hamburg-based publication says. US production is expected to provide the bulk of the rise, 75 per cent,
      Reuter.  -  308 words
    • Article
      Duty rates
      87 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from August 30, until further notice: Robber: 287'/t cents a kilo; Copra: MJ1.188.43 a tonne; Palm kernel: $955.75 a tonne; White pepper: $4,639.79 a tonne; Black pepper: $3,184.74 a tonne; The rates of duty payable are:
      87 words
    • Article
      Lock icon BIG OFFSHORE TIN DEPOSITS FOUND
      140 4 AFP EXTENSIVE exploration has established the existence of about one million tonnes of offshore tin ore deposits near the islands of Baagka, Be 11 tang, Slngkep and Kundur, east of Sumatra, the Indonesian state tin mining company PT Tlmah announced on Wedneoday. These deposits will
      AFP  -  140 words
    • Article
      RUBBER
      284 4 THE SINGAPORE market closed lower yesterday with September One RSS buyers quoted at 277.25 cents per kilo, down 1.75 cents from Wednesday's close, dealers said. The morning session lost one cent on some profit-tak-ing and lack of buying support, they said. Prices eased fractionally during the quiet afternoon trading
      284 words
    • Article
      RAS PRICES
      295 4 H A S. prices In cents per kilo yesterday: Noon Close (per Ulo) (per Ulo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 279.50 280.50N 278.75 279 75N Int. 1 R.S.S. September 278.00 278.50 277.25 277.75 Int. 1 R.S.S. October 278.50 279.00 278.00 278.50 Int. 2 R.S.S.
      295 words
    • Article
      SSR and SMR
      98 4 NOON SSIt < HAS indSMRp ricat y««urd«v^ *r October (Current Mtb) Bayers Sailers (Forward Mlk) Buyers Sellers SSR 20 (1-ton pnlWt) 267.00 289.00N 287 00 28B.00N SSRSO (1-ton pallet) 264.00 286 00N 264.00 266.00N MRELB SMRCV (1-ton pallet) pallet) 306.00 311.00N 306.50 310 SON SMRL (1-ton 306.00
      98 words
    • Article
      Closing prices
      31 4 Rubber: Aug 30 Singapore: September: 277.25 cents (down 1.75 cents) Malaysia: September: 276.50 cents (down 2.50 cents) Tin: M* 1,915 (up $17) Official offering: 290 tonnes (up 69 tonnes)
      31 words
    • Article
      Textiles
      192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattsa yan: China Blue Phoenix 20s 2.270 32s 2,800, 40s 3.040 (per bale ot 400 lbs). Piece pih: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      192 words
    • Article
      Produce exchange
      318 4 STEADIER conditions prevailed at the Singapore produce exchange yesterday as more buying orders were received from overseas. Throughout the day prices of most commodities quoted on the Singapore Chinese Produce Exchange held steady. European enquiries for white pepper provided a much needed boost to the pepper market. The
      318 words
    • Article
      Hongkong Comex
      197 4 THE SUGAR futures market was quiet yesterday with no trades registered, dealers said. September closed at 9.23/ 25 US cents against Wednesday's 9.20/22 close, October at 9.54/56 against 9.42/46 and July at 11.19/21 against 11.08/10 cents. Sugar futures closing prices: Provisos Clss&sg CMig Sep 9.23/25 9.20/22 Oct 9.54/56
      197 words
    • Article
      Palm oil
      79 4 C.I.F. North European ports, In US dollars per ton unless otherwise stated. LONDON: Wed Previoua Malaysian 5H (fa bulk per tonne October 650 00 650 OOslr November 047.00 647pd Sumatra 5% f fa bulk August 857.50 657.50slr September OOO.OOslr 662 50slr October 660 00s Ir 660 OOslr November
      79 words
    • Article
      Straits tin
      79 4 THE STRAITS On price la Penang firmed MJI7 per pica! to MllfllS, dealers said. The firmer sentiment was aided by sustained oversea baylag demand, particularly from Europe, Japan and the US on higher London advices. However, n larger volume of tin concentrates delivered by miners for end-month settlement
      79 words
    • Article
      Rice
      333 4 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0.96, 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
      333 words
    • Article
      LONDON MARKETS
      691 4 COCOA: Futures ended the morning yesterday mixed. Near December up £7 while other positions showed losses of up to £10 in September 1979. Volume totalled 1,729 lots including 383 self-trades, 40 switches and three options. Mid-morning gains of up to £20, basis near December at £1,406, came on
      691 words
  • ASIAN STOCKS
    • Article
      Lock icon Market sentiment turns cautious
      537 4 TOKYO Source: DBS-Daiwa THE market consolidated yesterday with trading volume shrinking to $300 million, due to investor caution as the Nikkei Dow Jones average approached its Aug 20 all-time high. Buying targets were further broadened from construction companies to some food and chemical issues. Shipping issues
      Source: DBS-Daiwa  -  537 words
    • Article
      Bangkok
      294 4 THE STOCK market closed mixed with losses in the majority, dealers said. Siam Cement fell 4 baht to 364, Union Pioneer 4 to 140, Strong Pack 4 to 144 and Dusit Thani, Saha Union and Crown Seal 2 each to 246, 193 and 258 respectively. AUG 30 Bants Asia
      294 words
    • Article
      Manila
      148 4 THE MARKET closed mixed yesterday, with mining and oil averages posting gains, while commercials declined, dealers said. Turnover rose to 4.71 million pesos from Wednesday's 3.80 million. Atlas Con B, Philex B, Oriental B and Vulcan rose while Meralco lost ground and Marinduque B, Phil Overseas, Podco B and
      148 words
    • Article
      Lock icon Hongkong
      308 4 Source: San Heng Kai Sec AFTER a flurry of speculative buying at the opening pushed prices higher, strong resistance was seen yesterday following rumours of higher interest rates to come. Prices then settled back to more reasonable levels but continued to ease as the day progressed. Hang Seng index:
      Source: San Heng Kai Sec  -  308 words
    • Article
      Sydney
      330 4 THE MINING sector dominated trading yesterday registering strong gains while the market was generally firm with more demand for speculative stocks, dealers said. North BH firmed 23 cents to a new high for the year of 12.28 and South BH rose 4 cents to $2.10, helped by stronger commodities
      330 words
    • Article
      Selected indices
      60 4 FINANCIAL TIMES INDUSTRIALS Wednesday 466-3 Tuesday 466.0 Week Ago 465.7 DOW JONES AVERAGE INDUSTRIALS Wednesday 884.90 Tuesday 884.64 Week ago 885.84 LONDON DOLLAR PREMIUM Wednesday 28 1 «-28'* Tuesday 27-'./2T» H.K.HANG SENG Thursday 577.38 Wednesday 580.88 Week ago 573.03 SYDNEY INDU8TRIAL8 Thursday 523.85 Wednesday 522.44 Week ago 516.21
      60 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      322 4 I SINGAPORE .1 MCCP) 93/1/79 \OL 3NO 8 AUGUST 1979 **CE $300 MONTHLY Being in a fix is far from comforting. The August issue of Singapore Business looks at the binds in some areas and suggests some ways out: In a Jam: Despite massive plans and expenditure, our roads remain
      322 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon CONFLICTING VIEWS ON KURDISH PACT
      576 5 AP. IRAN'S Interior Minister claimed that a four-point agreement had been reached vhth a goodwill delegation from the Kurdish-held city of Mahabad. A spokesman for the Kurdish community in the northwestern Iranian city said Iran's state radio, which broadcast Interior Minister Hashem Sabaghian's anouncement, was
      AP.; UPI.  -  576 words
    • Article
      Lock icon Libya may sell oil for India in spot market
      160 5 AFP. LIBYA may be diverting the crude oil it ku committed to sapply to India to sell in the spot markets tor lucrative prices, Press Trust of India (PTI) reported yesterday, quoting "reliable sources" la New Delhi. The agency pointed out
      AFP.  -  160 words
    • Article
      Lock icon Growth of OECD may fall to 3pc
      467 5 Reuter. BIGGER than expected increases in Opec oil prices accounted in part for lower growth forecasts and higher inflation expectations for the Organisation of Economic Cooperation and Development (OECD) area. Disclosing this, the British National Institute of Economic and Social Research said in
      Reuter.  -  467 words
    • Article
      Lock icon Oil consumption crucial factor
      482 5 Reuter. SAUDI Arabia's Oil Minister said the current oil crisis is over but "we will have a crisis mucn worse than in 1978 and 1979" if the industrial world does not cut consumption in the next decade. Otherwise, said Sheik Ahmed Za|ci Yamani, in Mexico City,
      Reuter.  -  482 words
    • WORLD IN BRIEF
      • Article
        Lock icon DOLLAR NOT ON AGENDA
        529 5 Agencies. FINANCE ministers of the Organisation of Petroleum Exporting Countries meeting in Vienna next month will not discuss the falling value of the dollar, Opec sources said. Commenting on a recent statement by Iran's Deputy Finance Minister Cyrus Ibramimzadeh that the Sep 27 Vienna meeting would
        Agencies.  -  529 words
    • Article
      French economic package
      91 5 THE FRENCH government unveiled a US$l billion (512.15 billion) economic and social package aimed at shaking the economy out of the slowdown caused by oil price increases. Of the 4.5 billion francs allocated, 2.5 billion was earmarked for the ailing construction industry, the country's biggest employer. In
      91 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      707 5 ARRIVALS Service Local Operator Number Time From GIA GA944 1055 PKU SIA SQ211 1045 HLP GIA GA908 1100 MES PAL PR501 1135 MNL SIA SQ63 1155 MNL SIA SQ1 1155 SFO/HNL HKG SN SN287 1200 BRU 'DXB BKK SIA SQ240 1210 MES GIA GA982 1230 HLP SIA
      707 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      295 5 CRICARDI France's favourite bedtime snack. France's favourite bedtime snack is also her lovers' bedtime secret. Any wonder why 60,000,000 bottles of Ricard are downed every year? You'll never really know till you've tried Ricard yourself. This deeply mysterious, anise-flavoured liqueur refreshes. Titillates the palate. Stir one pari Ricard with five
      295 words
    • Advertisement
      Page 5 Advertisements Column 2
      62 5 5# n I Chase For almost two centuries the exquisite beauty and matchless precision ot Girard Perregaux timepieces have been a symbol of the highest attainment in the art of watch making. GP GIRARD-PERREGAUX 1H <f»p f i »r>*3af- Mut-t*-' no*jS+- Wl.ng (C.M F oo' ej" f- ne matches s»oce
      62 words
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  • Article
    To each his own time to retire
    385 6 IT SEEMS strange indeed that there should be a move among Singapore workers to raise the retirement age when all around the industrialised world the trend is to lower it. Of course it is true that the calls for lowering the retirement age
    385 words
  • Article
    Good only for what it is worth
    285 6 AUSTRALIAN ambassador Richard Woolcott has conjured up a nice tidy solution to the inequities in the trading relationship between Asean and his country. The product of Australian high-technology industries and energy resources will be exchanged for products made by the labour-intensive industries of
    285 words
  • Article
    Lock icon The card game
    725 6 MASTER CHARGE AND VISA NYT IN A MOVE to broaden the image of the Master Charge Card beyond that of a charge-account vehicle, its licensing organisation has said that the card, which is held by more than 55 million Americans, would be redesigned and renamed Master Card.
    NYT  -  725 words
  • Article, Illustration
    Lock icon A question of ethics
    1286 6  -  A task force was set up to look into the priority of ethics in American education. The final report is still to be published. FRED HECHINGER reports on the findings of the preliminary survey which will be published next month. FRED HECHINGER NYT WATERGATE set off
    NYT  -  1,286 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      111 6 Draw a crowd to a sale or sell a drawing of a sale. Leisure Times is right on target For as little as $15. you can sell a house, fetch a good price for an antique or talk about that cozy Italian restaurant you have just opened in Leisure Times.
      111 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1387 6 Canned entertainment IF YOU'RE MttN Bmmmi lag la ywr expectations «f FrUay aigfet vtewlag (anty yN eMI be after ail these yean «f Bviag wttk RTS), yea sbeaM be aUe te ■eat yeanett eeofertakiy (ram Mt («r a Ml fear heirs ef eaaaed entertainment. Barney Miller start* eff this msmth—
      1,387 words
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  • Article, Illustration
    Snapshot of Rollei
    2284 7  -  Rollei, one of the most important foreign investors in Singapore, is further consolidating its presence here. LINDA TAN recently spoke to Mr H. J. Hoffmann, group technical managing director, and Mr F. W. Aldag, managing director of Rollei Singapore. LINDA TAN ALL OF the new products recently
    2,284 words
  • Article
    Think local and build up the Singapore identity
    897 7  -  FORUM with QUEK PECK LIM A LOCAL book publisher, in preparation for launching of a glossy album destined to grace the coffee tables of the world, made a presentation of his work recently. The maiden effort of this Singapore company's endeavours in
    897 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      159 7 Study Accountancy with the Specialists Study with Foulks Lynch J LONDON Since 18S4 Foulks 1 ynch have specialised in tutoring students from all round the world tor the various Accountancy examinations and over these years have achieved 149,000 406 376 4,000 > r '> :> r" t >' SUCCESSES FIRST
      159 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        284 8 ,U*Ci 2» Kr* (ORBKILLK Air-liquidr 473 4 It S N Cn-rvab 1>, II )«»!>#• TOl) unch I' s K Thomson (Mi 430 1.1 t'lr Y rjIXMlM* d**-* lvtrol»»> 208 HO 4 8 ('iwiiufnic h iiiaiu trfv llfMMlf 365 2 iTrrtu Koruirr l>r I'fSHMt 506 13 ll.*< hf (t«* i
        284 words
      • Article
        Amsterdam
        214 8 Ate; Kl* Ab\ 334 50 -0.5 Ahold 89 00 -1 Aim 29 70 0.1 AMKI 9590 -07 AiiiIj> ***** 01 Amr«> Bank 73 30 05 5900 -0.5 U«-rw 9700 unch Hols 64 30 -0.7 Uorsuimj 166 00 -2 Burhmann 6660 0.6 liy ■furl 70 70 unch JVJI! ***** 1
        214 words
      • Article
        Brussels
        93 8 AL*U Kn FORWARD MARKET Arw Arb«*d Axtur Bmran Uru-Lutiib C'.tnp.tr Owl |V IktTi Stow DNtVlM CMMMW-BM (if\ Hubnk Priro K>1 Dutch sitlro tfur Ci«*n Brin Stlltu Mny A Ma l Mm V Una 436 266.i 550 630 1730 930 435 261 2185 6400 2595 1160 2800 5140 2275 1100
        93 words
      • Article
        Frankfurt
        240 8 AL'lt Din Act -*TVlf 1 unkrn 47 80B Akzu 27 70 07 All/ lj-Orn 795 00 10 All/ Wr» ***** unch BASK i 199 50 0.8 Ba> H T Wbank 254 OOB B.«> Ybank 28*: 00 132 00 06 BBi 2V5.SO BMW ***** unch t'a.v«rtia 350 OOB ♦5 Oil
        240 words
      • Article
        Zurich
        188 8 Alii *J Francs Actions Suinx*?. 300 unch AIumiism* Br. 1305 5 Alusuis.se Hrfl 505 J Brown Bo*eri Br 1920 10 Oba lleigy Br 1285 -s Ci&u Ueigy P C 1050 unch liba Reg 710 1 1'redil Suisse Br 2295 5 Credit Suisse Reg 441 unch Elektrowatt Br 2135 •5
        188 words
      • Article
        Milan
        106 8 Ago 29 Lire Anic 1175 -035 Auu- Gen «aaso *360 Ba.stogi 855 5 CViUrjlt* 6120 no Kial 2700 *10 uiMdrr ***** -075 Orn luiiiiob 88 15 IH Pri saao 56 lutio*mmu ***** 150 (taigas 795 -4 lUilMdrr 139 50 -55 Magnrli M PI 651 •5 Marrlli Ere 302 I
        106 words
      • Article
        TORONTO
        197 8 AUG 3 Ct AbllltM 3D <•' i AI|[Oiiiu 29 Bank Mont 25 Bank Nova Srolu 25'. unch Br 11 TH 21 1 B*th Corp BP Can Lid 34 Bru-vuii 23 Camp R«"G Lakr 24 Can luip Bk 27 Canpac 35 t'anpao Inv Pt 18B unrh Carting OKe*le Coiu inco
        197 words
      • Article
        JOHANNESBURG
        342 8 AUG 29 Rand <*/. INDUSTRIALS A Alpha 178 unch A br re om 4 260 •3 At And CI 470 •10 A MIC 1610 unch Barlows 625 unch C| Sugar 720 *10 CNA 290 unch Cum* hiuncf 100 unch l)r Bfrr> Ind 1700B unch Edron 400 5 4650 25
        342 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      232 8 Delectable local dishes and Western lunches set-in daintily stylish A jffb Scandinavian decor. Popular SELF-SERVICE lunch daily. From 10.30 am to 3.00pm and snacks from 3.00pm spm You've got to try it to believe! tggjs^^gif Fabulous harbour view DOLPHIN CAFETERIA Sentosa Isle beyond. A P° llO Enterprises Ltd. 1, Maritime
      232 words
    • Advertisement
      Page 8 Advertisements Column 2
      147 8 Where to wine, dine and entertain lubertug feu For lunch. For dinner. For a richly rewarding experience. Also— Businessmen s Lunch Mondav to Friday SIS 3°t> CF.SS Javanese Rijstafel Saturday Sunday sib :-r<> cess For reservations call *****77 cntun l'nrk Slii'nifon Siimn|)on' SHERATON MOTELS AND INIMS WORLDWIDE HUGOS LUNCHEON SIDEBOARD
      147 words
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      Page 8 Advertisements Column 3
      111 8 See Page 4 for Asian stocks See Page 9 for NYSE prices Si;in?e.se Seafood Solrl rku 9tm W*l sua >1 II < w t <* n»k House Everyday is a big house affair for us Because each day is another new opportunity to perfect ou r service to you Service
      111 words
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      Page 8 Advertisements Column 4
      261 8 Take a new look at the Harbour Grill. Treat yourself and your business associates to an excellent lunch selected from our superb offering of choice (JS prime beef, our daily NOuvelle Cuisine specialities or let our executive Chef, Leo Waldemeier help you pick a menu that will make it a
      261 words
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      Page 8 Advertisements Column 5
      209 8 Merlin's New Grill Room It's elegant, comfortable and quietly opulent, with a menu that will delight the discriminating. Our Businessmen s Buffet (Mondays to Fridays) offers a fabulous spread. There s Prosciutto Crudo. Gammon Ham. Cold and Grilled Lobsters. Baked Crab. Fillet Mignon Bernaise. Tournedos Rossini, Sherry Trifle and lot
      209 words
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  • BANKING AND FINANCE
    • Article
      Fixed rate bond prices still on the decline
      285 9  -  By LEE YOKE MENG REFLECTING the current uptrend in interest rates, prices in the fixed rate bond sector has continned to decline. Over the past few weeks, prices of fixed rate issues fell amid a mixture of higher funding costs and increased
      285 words
    • Article
      Turkey seeks $1.1b credit
      134 9 TURKEY hopes to borrow over US$5OO million (Ssl.l billion) from private international banks next year within the context of an overall foreign borrowing need of around $1.5 billion, Turkish Central Bank governor Mr Ismail Aydinoglu said. He told a press conference after signing a restructuring agreement
      134 words
    • Article
      BANK NOTES
      268 9 INSURERS have generally gone about their business without really bothering anyone, and bankers have kept to themselves. But not for long. The market has it that by next month a large insurer here will be selling its insurance policies through the branch offices of an equally large bank.
      268 words
    • Article
      M'sia likely to attain better than expected growth rate
      608 9 THE MALAYSIAN economy could grow by as much as 8 per cent this year against the budget forecast of 7.2 per cent, while prospects for next year are clouded by the current slowdown in the world economy. Bank Negara Governor Tan
      608 words
    • Article
      RESERVES RISE
      53 9 MALAYSIAN geld and foreign exchange reserves rose to $BJ9 billion so Aug 15 from $8.22 bUilso la July SI and $8.12 billion on July 14, Bank Negara Malaysia said. The bank's fortnightly balance sheet shewed total assets unchanged at $1.89 billion from end July, bat op against $9.15
      53 words
    • Article
      Big investors on the sidelines
      1176 9 NEW YORK TAKEOVER speculation provided most of the interest in a dull market on Wednesday as stocks ended narrowly higher in moderately active trading. The volume of 31 million shares topped Tuesday's 29.43 million share turnover but still indicated that institutional investors Iwere keeping to
      1,176 words
    • MONEY AND EXCHANGE$
      • Article
        Gold
        335 9 THE SINGAPORE gold futures yesterday closed sharply higher compared with Wednesday's closing levels in moderately active trading, dealers said. Opening quotations were marked up between US$l.6O to US$2.2O reflecting firmer overseas gold markets but later eased slightly on some profit-taking. It firmed about US$2 in late afternoon trading on
        335 words
    • Article
      Hongkong
      187 9 THE Yen was under pressure and actively traded throughout the whole of yesterday, benefiting only from substantial intervention by the Bank of Japan, to close slightly firmer than its opening here dealers said. The yen was quoted at a late 221.78/88 to the US dollar after an opening here
      187 words
    • Article
      London
      150 9 THE US dollar opened slightly softer against most European currencies in quiet trading yesterday, dealers said. The dollar opened at 1.8295 8305 marks compared with 1.8305/10 in late Hongkong trading and 1.8290 8300 at the New York overnight close. The yen opened at 221.50/ 60 to the dollar compared
      150 words
    • Article
      Asian $ rates
      160 9 Asian rates ASIAN currency deposit Interbank rates as at close on Aug 30: US D«41i Offer angp 7 days 11 11/*****/1# 1 month 11 II 1 2 months 12'. 12'. 3 months 12'« 12'. 6 months 12'. 12'. 9 months 12 U> 12 months 1115/*****3/16 Sw.Fr*. Dm* I.MMMU Price*) 1
      160 words
    • Article
      Discount
      43 9 ses on Aug 30: ht 5' Call dep 3 month posits 5' :U Clonal Buying S< Treasury bills 5 3 month Bank bill s 8 5/16 8 3 month CD 8'< 8 8 month CD 8': 8 Source: National Discount Co Ltd.
      43 words
    • Article
      PLR
      21 9 THE average rale at which Singapore banks are currently prepared to lend to their best customers is 8.5 per cent.
      21 words
    • Article
      Singapore market
      435 9 THE foreign exchange market was quiet yesterday moralag with movement i eg tiered only after London opened, when the US dollar eased off against major curSterling started off at 2.2M0 SO against the US dollar. Concern over the outlook for the UK economy caused the pound to slide
      435 words
    • Article
      Tokyo
      105 9 THE US dollar for overnight delivery closed at 221.70 yen yesterday, down from a 222.90 opening but up. from 221.45 at Wednesday's close, following substantial central bank yen-support intervention, dealers said. Trading was heavy, with volume amounting to US$1.01 billion. The Bank of Japan sold an estimated $200 million
      105 words
    • Article
      Australia/NZ
      61 9 AUSTRALIA NZ exchange quotes on Aug 30: US dollar -1.1274/1.1226 Sterling 0 5025 0.4958 Ninety-day air mall buying rates: Sterling 0 5239 US dollar 1.1671 Ninety-day forward buying rates: Sterling 0.5059 US dollar -1.1301 NEW ZEALAND: Reserve bank midrate: US dollar 1.0111 Trading bank indications: Sterling 0.4500/0.4470 US dollar
      61 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      445 9 KULIM (MALAYSIA) BERHAD (Incorporated in Malaysia) Notice of Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of Kulim (Malaysia) Berhad will be held on Ulu Tiram Estate, Ulu Tiram, Johore, Malaysia on Monday 17th September, 1979 at 12.00 noon for the purpose of considering and,
      445 words
    • Advertisement
      Page 9 Advertisements Column 2
      270 9 If you makebusiness decisions in Asia, you need The Asian Wall Street Journal There is only one single,comprehensive, timely source of business information for busy executives in Asia The Asian Wall Street Journal. As Asia s only regional daily business publication, we provide news that is timely, authoritative and backed
      270 words
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  • Article
    BUSINESS DONE ON THE SES AND KLSE
    1319 10 In Singapore BID and otter prices officially listed and business in and reported to the Stock Exchange o( 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
    1,319 words
  • Article
    Unit trusts
    157 10 SINGAPORE UNIT TSUI IT S'pore Growth Fund 1.11 l -i 1.17 V, (Ma—gtr»* prim tor Aag SI) INCOME BOND UNIT The Commerce 2.08 121 (Oral ft Income Bond bees) 1.12 The Saving Fund S pore Prog Fund 1.X 0.97 1.44 1.02 1.17 S pore Sec. Fund 1.66 I.TSzd
    157 words
  • Article
    SHARE INFORMATION SERVICE
    2673 10 Gr'a Gr'a Net 1979 La at Div Div Y'ld P/E Vol Day High Low Company Sale or- Cv r (*000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 241 1 15.0 2.2 65 12.3 1 241 241 196 123* Alcom 196cd 10.0 15 5.1 26.1 148
    2,673 words
  • Article
    Government bonds
    69 10 1/4% T F 10/4/01 (250.000) (100.258 100.358) 1/4% T F 10/7/01 (250.000) (100-258 100.355) 1/4% T F 10/10/03 (250,000) (100.238 100-338) 1/4% T F 10/0/00-07 (250,000) (100.178 100.273) 1/4% T F 1/0/07 (250,000) (100.178 100.278) 8 1/4% T F 15/4/98 (*****0) (100.158 100-258) 6 1/4* T P 1/8/98
    69 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) (0.328 0.375). Hint F E (Sept- $1.60) (0.488 Inches pc
    97 words
  • Article
    In Kuala Lumpur
    1608 10 BID and offer price* officially listed and buaiMM in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of chare* traded shown in bracketi in lota of 1,000 unit* unle** otherwise specified. INDUSTRIALS AjMMti (2.T58) Aieesa (IKB 2.006) (1) 1 99 cd A Cfeae
    1,608 words
  • Article, Illustration
    More gains than losses recorded
    748 10 SENTIMENT remalaed generally steady la qalet aad selective tradlag at the Stack Exchaage ef Slagapare yesterday. Mast seetars flalshed with mare galas thaa leases. With the exception sf a scare ar sa counters which attracted specalative sappart, turnover was light. The apeolag market was firm
    748 words
  • Article
    KLSE steady on the whole
    554 10 SELECTED counters continued to feature bullishly in a generally steady Kuala Lumpur stock market yesterday. Buyers were again readily found among the overnight favourites, which included stocks from the tin, industrial and finance sectors. These issues advanced steadily to close the day with strong gains.
    554 words
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  • COMPANY NEWS
    • Article
      Rothmans pulls firmly out of the doldrums
      587 11  -  By DAVID CHOW AGGRESSIVE marketing 'and greater efficiency of 1 operations enabled Roth- mans of Pall Mall (Malay- sia) to achieve a dramatic recovery in the year just ended after the doldrums experienced in earlier years. The company recently reported a consolidated pretax
      587 words
    • Article
      RALEIGH SEEKING TO MERGE WITH RIVAL
      264 11 RALEIGH Cycles (Malaysia), in a move that it hopes will steer it into a better position to tackle its current difficulties in the bicycle market, has entered into merger talks with a smaller rival Far East Metal Works Bhd (FEMW). In a three-sentence announcement,
      264 words
    • Article
      Worldwide accounts are finally passed
      522 11 AMIDST many objections from minority shareholders, the long delayed accounts of Worldwide Holdings for the year ended Dec 31, 1977, were finally adopted at the third adjourned annual general meeting in Kuala Lumpur on Wednesday. The passing of the accounts was effected through a poll
      522 words
    • Article
      DIVIDENDS ANNOUNCED
      445 11 Current Ex Books Date Total for Total for Payment Date Cloae Payable the year Previoua year G I Hldga 20% Jul 25 Aug I Aug 31 35% P Electric 10% Jul 25 Aug 1 Aug 31 10% 20% Inch Kenneth 10% I Aug 8 Aug 20 Sept 1
      445 words
    • Article
      SCRIP ISSUE
      115 11 Company Particular* Ex Date Books Close NSOP B Semb E A I U M W Hong Leong U AC UOB Bonus Issue of 3 for 2 Bonus Issue of 3 for 1 Bonus Issue of 1 for 2 Bonus Issue of 1 for 3 Rights Issue of 3
      115 words
    • LATEST RESULTS
      • Article
        SOUTH East Asia Development Corp Bhd (SEA Corp):
        148 11 Unaudited group pre-tax profit of M$4.09 million ($2.88 million) for the six months ended July 31, on turnover of $1.05 billion ($960 million). The parent company pretax profit was $470,000 million ($620,000 million) on turnover of $780,000 million ($730,000 million). The company
        148 words
    • Article
      COMPANY BRIEFS
      66 11 ORIENTAL Holdings said that its directors consider the price of approximately $38 per sq ft paid for the purchase of land in Northam Road, Penang "to be fair and reasonable". BOVIS (SEA) said that its managing director who is now back from an overseas trip will be writing
      66 words
    • Article
      G. Ceramics poised for record year
      344 11 GENERAL Ceramics has put up a strong showing for the first half of this year and is set to record its highest profit since it came out of the woods three years ago. Interim results for the six months ended June 30, 1979 show
      344 words
    • Article
      COMPANY MEETINGS
      43 11 KUllaskall Tin <M) Bbd: AGM to be held at 70, Jalan Ampang, Kuala Lumpur, at 2.30pm on Sept 4. Sovran Industries Berhad: AGM to be held at 14th Floor, Bangunan Hong Leong, 117 Jalan Bandar,Kuala Lumpur, on Sept 4 at 12noon.
      43 words
    • Article, Illustration
      Lock icon A winning idea
      424 11 w asaacL™, by HOCK LOCK SIEW THE ANNUAL report award competition is now firmly established on both sides of the Causeway as an incentive for companies to disclose more of their affairs for public scrutiny. Many of the competitors will probably be the largest local corporations in
      by HOCK LOCK SIEW  -  424 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      482 11 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
      482 words
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  • Article
    HPBIL received dividends from unit trust court told
    236 12 A CHARTERED accountant said at the Tar ling trial yesterday that while auditing the 1973 accounts of Haw Par Brothers International Ltd (HPBIL), he discovered that the company had received dividends that year from the Melbourne Unit Trust (MUT). Mr Charles Khong
    236 words
  • Article
    Lock icon W. Germans may get refinery job
    100 12 Reuter PLANS to award a contract for contruction of a US$5O million (Ssl.l billion) hydrocracker refinery at Dumai, Sumatra, have been delayed, but two West German firms are frontrunners for the contract, official sources said in Jakarta. Klockner Indus trie-Anla-gen GMBH and August Thyssen—Hutte's
    Reuter  -  100 words
  • Article, Illustration
    Call to raise retirement age to 60
    551 12  -  By CHOO AI LENG EMPLOYERS in Singapore are unlikely to extend the retirement age to 60 years and to improve service conditions for employees over 55 unless the Government introduces legislation to set the retirement age at 60. There is general acceptance by
    551 words
  • Article
    Fleet in 13th place
    206 12 THE gross tonnage of Singapore's merchant fleet was the 13th largest in the world last year, one place up from the 1977 position. The Marine Department's annual report for 1978 said there were 1,742 ships totalling 7.96 million gross tons in the Singapore Register. This was
    206 words
  • Article
    Lock icon War clouds loom
    116 12 UPI THAI Prime Minister Kriangsak Chomanan yesterday warned of new large-scale fighting in Indochina in the next few months unless action is taken to end the Vietnamese military occupation of Kampuchea. "I feel it signals a mighty storm if political and diplomatic action is not taken in
    UPI  -  116 words
  • Article, Illustration
    Lock icon RUNNING RADIO STATION ON SOLAR ENERGY
    70 12 AP photo Burt Nichols, engineer for Massachusetts Institute of Technology, adjusting a solar cell used to collect energy from the sun and convert it to electricity to run the radio station WBND-AM trans- mitter. WBND on Wednesday became the first commercial radio station in
    AP photo  -  70 words
  • Article
    New cement price a blow to manufacturers
    322 12 DESPITE a desperate eleventh-hour attempt by Malaysian cement manufacturers to obtain a better price, the government yesterday announced that the ex-factory price for ordinary (poitland) cement in Peninsular Malaysia will be MJ6.50 a bag effective September 1, subject to a maximum of $8.20
    322 words
  • Article
    SEACORP'S INTERIM PROFIT RISES 42 pc
    276 12 SOUTH East Asia Development Corp (Seacorp) appears to be one of those rare companies which come out winning whichever way the coin turns up. Last year it reaped windfall gains from the stock market boom. This year the improved money market conditions arising from
    276 words
  • Article
    Lock icon Gloomy news for textile exporters
    152 12 AFP AN UNFAVOURABLE outlook for America's suppliers of textiles was given yesterday by Mr Thomas Shoesmith, US ConsulGeneral in Hongkong. Addressing a businessmen's luncheon, Mr Shoesmith dealt specifically with the Hongkong-US textile trade but his general remarks covered a broader field in its implications. He
    AFP  -  152 words
  • Article
    FORECAST OF RECORD CORPORATE PROFITS
    93 12 CORPORATE profits in Japan will reach a record high in the first half of fiscal 1979, a bank report said yesterday. A survey of 142 corporations in 20 different fields indicated a 16 per cent increase in profits for the first half of fiscal 1979,
    93 words
  • Article
    Political stability hinges on trade
    370 12 DEVELOPED countries must adjust their impart restrictions to help developing countries industrialise if there is to be international political stability in the long run. However, existing trade restrictions on the import of manufactures into developed countries are working against this goal. Speaking at a seminar
    370 words
  • Article
    LONDON STOCKS
    768 12 LONDON. Thurs. Gold shares finished as much as 113/8 firmer reflecting the record bullion price while other leading shares closed slightly higher and government bonds eased, dealers said. At 3 pm the Financial Times index was up 3.0 at 469.3 Leading industrials gained between 2p and 4p on
    768 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      83 12 THE BANK OF TOKYO, LTD. Singapore Branch U5520,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT SERIES 1 DUE FEBRUARY, 1981 In accordance with the provisions of the Certificates, notice is hereby given that for the Interest Period August 31. 1979 to February 29. 1900 the Certificates will carry a
      83 words
    • Advertisement
      Page 12 Advertisements Column 2
      2 12 Leader...Page I
      2 words
    • Advertisement
      Page 12 Advertisements Column 3
      257 12 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 But it pays even more to be advertised in it. You can tell people all about your products and services without waiting for them
      257 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Scattered showers. Report for 24 hoars prior to 7.3# p.m. on August 39 at the airport. Maximum temperature 31.1 Associated humidity 71 Minimum temperature 23.4 Associated humidity 97 Hours of sunshine 10.50 Rainfall in millimetres Nil Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Operations not affected
        92 13 Reuter THE Singapore registered 29,000 deadweight ton tanker, Cherry Duke, which sank in the mid-East Gulf on Sunday, will not affect oil operations or navigation in the area, the Official Emirates News agency said. The agency was quoting a spokesman for the Abu Dhabi Marine Company, Adma,
        Reuter  -  92 words
      • Article
        Lock icon Largest sheep carrier
        133 13 AFP A TANKER has been converted into the largest sheep carrier in the world at a Japanese shipyard. In the recent conversion at Mitsubishi Heavy Industries' Kobe shipyard, the hull of the 72,000 dwt tanker was shortened by 50 metres and a 12 deck accommodation was built
        AFP  -  133 words
      • Article
        Lock icon Strike at Amsterdam
        67 13 Reuter SOME 250 workers at two general cargo stevedoring firms in Amsterdam walked off the job on Wednesday ip line with similar action by dockers in Rotterdam, an employers' spokesman said. He said this represents about 10 per cent of the. Amsterdam stevedoring workforce and it is
        Reuter  -  67 words
    • Article
      SNSA defines its objectives
      630 13  -  COMMITTEE ELECTED By HSUNG BEE HWA THE SINGAPORE National Shipowners Association (SNSA), which has just elected its executive committee, is now a step nearer to being the national voice for the shipping industry. Plans to form such a body were initiated last year when the Trade
      630 words
    • Article
      Lock icon London freight market
      182 13 UPI US GRAIN expert difficulties were farther accentuated by the walk-aat of employees af the Chicago, Rack Island aad Pacific Railroad Ca. which figares pramlaeatly la movement of grata from the midwest ta hath Lakes aad US Galf parts. This is expected ta pash evea farther hehlad
      UPI  -  182 words
    • Article, Illustration
      Fresh water contract
      223 13 ASIATIC Navigation has deployed one tug and two barges to service a contract to fresh water supplies daily to Pulau Bidong, an island off the east coast of Peninsular Malaysia housing Indo-chinese refugees. The 365 bhp Asiatic Alert and the barges AN Minyak I and n, were
      223 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1627 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 Fort of
      1,627 words
    • Article
      SHIPPING INDEX
      559 17 Shipping Use AGS Alea Alfred Alpac Angkutan ANL APL Arya Nat ASCL Asia America Asia Merchant Atlas Aust.Cont P»ge n IV V IV V I m n m n n IV IV C*l 5 3 3 5 4 1 2 5 1 5 5 4 5 Bank BBS
      559 words
    • Article
      Container Schedules
      927 18 I RECEIVING OF EXPORT FCL CONTAINERS I 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
      927 words
    • Article, Illustration
      Containerisation era soon for Port Sudan
      1027 18 THE SEA Port Corporation's (SPC) May announcement that it would be accepting containers in future and was planning to convert two berths for container handling, heralds a new era for maritime transport in the Sudan. In fact, the first containers arrived in 1977 and
      1,027 words
    • Article
      Danish Seaways multipurpose ro-ro vessels
      732 18 RAPIDLY containerising routes around the US Gulf and the Caribbean have received a boost from the introduction of a multipurpose ro-ro vessel by DFDS Danish Seaways. The second of four vessels will follow in September on to the Nordana Line routes which covers the Mediterranean,
      732 words
    • Article
      Lock icon Gatx Corp formulates new strategy
      805 18 NYT THE Gatx Corp, its troubles with ocean shipping apparently overcome, has refined a new strategy: it vows to stick more closely to what it knows best. "We got away from that for a while," Mr James Glasser, Gatx's chairman and chief executive, said in
      NYT  -  805 words
    • Article
      Lock icon INCREASE IN ORDERS
      291 18 AFP THE WORLD shipbuilding order beek recorded its first quarterly Increase since March 1174 during the second quarter of this year, according to Lieyd's Register Shipbuilding Returns. After having slumped in March 1179 to Its lowest level tor 14 years, the erder beek increased by 272,325 tons
      AFP  -  291 words
    • Article, Illustration
      SHIPS IN PORT
      449 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aliakmon Breeze '(1830 hauls 55m West) 6/7 Dong Yun (0200 after Ibn Duraid) 31/32 Fong Soon (1500 after Golden Eagle) 23/24 Golden Sea 707 (Tanker) (after Putra Jaya P/O Subject Gas Free) 13/14 Martha Bakke (2100 after Toyofuji Maru sails t Aliakmon
      449 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      233 13 a st class transport Agents: Nedlloyd EAC For further details, please refer to page |ScanDutchy| JAR DIM AN I All m <4 Orient Overseas Co*d<u*ieA. Line FULLY COHTMNERtSED TO/FROM US WEST/EAST COASTS, PNK (STRAITS CARGO VIA FEEDER TO/FROM HONG KONG> 0 SCHOLAR m 24/ 8 KOREAN LEADER 23E ;g g
      233 words
    • Advertisement
      Page 13 Advertisements Column 2
      145 13 UNITED ARAB SHIPPING CO (SAG) ARABIAN GULF FULLY CONTAINERISED SERVICE S pore Loading for 18/9 Dammam (28/9). Dubai 1/10) 11/10 Dammam (21/10). Dubai (24/10) RED SEA DIRECT SERVICE S pore Loading for SEAL 01® SHTfMG AGEKCIS (*«f. 242*5/000 3RO FLOOR. MAMM HOUSE SMGAKMt TEL ??05W4 TELEX MO AS?S4I» CFS OrC
      145 words
    • Advertisement
      Page 13 Advertisements Column 3
      411 13 K.NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE m SUEZ): S pot* P HtUnc Havre TSoT Fspt ROZE 10 Sect lACLWON 9 Sept HK CONTAINER 15 Sept 16 Sept 23 Sept 24 Sept MERCATOR 28 Sept 29 Sep! 0 CHEF 13 Oct C CONTMKR
      411 words
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      Page 13 Advertisements Column 4
      595 13 k Nediloyd Lines Call us We call the world Agents: Nediloyd EAC Please refer to page MAERSK LINE For U S Ptohc. PaciV North West. Gult t Atlantic, East Canada and Meuco (Aha accepting tor Hongkong Taiwan Japan and Korea) fndw Vessel I. .1/ 1 Mother Vessel AXEL MAERSK* ARNOLD
      595 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      796 14 rr' Hapag-L 22/9 24/9 3/10 5/10 full* COHTJUOBED TO Elftort Kaiu(a Mara Oiaka Bar BomMOT Hamb*! Eipreis Lmerpool Bay Tokyo Bay Card*an Bay Totao Eipreu EXPRESS CONVENTIONAL TO EUROPE S'poro Pleianf Pan Bfcao Genoa H"tar| Bremen Rdam Antwerp Rwuafchew 17/9 20/9 24/9 22/10 14/10 30/10 29/10 27/10 25/10 6/10 9/10
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      Page 14 Advertisements Column 2
      348 14 Nwxt lommt. "TERMER" Aug 30/31 at BARBER WILHELMSEN TERMINAL QOOOWM 47 c *jima 5-7/11 I 17-20/10 B-18/10 21-24/10 Lot hnftki San Frncsci I/I//1 ////I |///V=3 '.JK ANu :RA%iA«K PORTS I SEM-CONTMNEK SERVICE (HEAVY-UFT CAPACITY 200 TONS) To: DUBAI, DAMMAM. KUN AFT. ABU DHABI, BAHRAM, BAWAfi SHAHPOUR TELENDOS Voy. 3A.. TIL
      348 words
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      Page 14 Advertisements Column 3
      687 14 EVERGREEN LINE FAR EAST EUROPE EXPRESS FUU CONTAINER SERVICE ACCEPTMG CARGO FOR: HAMBURG. FELIXSTOWE. ROTTEROAM. ANTWERP. LE HAVRE ALSO ACCEPTING CARGO FOR UNITED KMGOOM SOUTHAMPTON. LONDON. MANCHESTER. BIRMMGHAM BRISTOL. LIVERPOOL GLASGOW, LEEDS WEST GERMANY BREMERHAVEN HOLLAND AMSTERDAM S'p« Hm*»| Ftfaslm Mtt«4an Mm It Kiwi EwMW Sapt Sapt 1 Oct 4
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      Page 14 Advertisements Column 4
      936 14 Everett Lines/ 1 Burma Five Star ShippMf Corpn. Bk "BURMESE NATIONAL LINE 4 LOADMG FOR RANGOON awtma.. MtCTAWTOU. .InPart/2 Sept 10/12 Sept B.F.S.S.C Aoeon n MotayM TEPS MALAYSIA Port Kaiong Tat<3B>-7355 Penang Tel *****/***** £2 Compania Arfantina Oa t~ T i.l~('i-'iuth:;.ir ARGENTINE NATIONAL LINE' 9 LOAOMG FOR DURBAN, CAKTORIN, BUENOS
      936 words
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      Page 14 Advertisements Column 5
      663 14 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE. SHENTON WAV MISTR! ROAD SINGAPORE 2 TEL *****44 7& *****70 lEI 9 SANKYO LINE AUSTRALIA SERVICE MAY CMP KYOSENAARU P K clang Snfiport Loadng tor: 1/9 Sept 6/7 Sept SYO. MEL, ADEL 24/26 Sept 21/23 Sept SYO,
      663 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      817 15 OCL OVerseas 'Containers Limited Weekly service to/from UK/Europe To UK/Continent ssep Eipress 26 Sep 4 Oct (••tow Bay Am Mm Ka»|i Mara Osaka Bar Literpool Bay Wn *1 Card* an Bay 19 Oct City ot Edrtwgh From UK/Continent COWTMOSHT SOtVtCE FMM W/COWIfPrT: H'Buf( Srtm R'dW) U HxcUai Cxfnu IS# 2S*
      817 words
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      Page 15 Advertisements Column 2
      943 15 GRANARD LINE RELIABLE I DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDITERRANEAN V S pore P .Kelang Penang Lotting for: M.V. KWONG FUNG ¥.30W 2 Sep 4 Sep 6 Sep Jeddah, P Said Lattakia M.V MAN TAT ».3ML_ IS Sep leddah/ P Said Alexandra, Beirut/ Lattaku M.V. MAN KM V.32W.~ 25
      943 words
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      Page 15 Advertisements Column 3
      900 15 rrc* 111 Inlaws Urarpaal Ban Tetya Bay Cardfcan Bar »y at EM>]t TaWi Eiprtu BEN LINE CONTAINERS EWES COKTUjp SBWCf TO/FROM EUROPE KBURC BHAVEN ROM 'HAVRE SOTON S>of« P. fteiant «.Gn*»,/tatni Anterp France MUX »/> JJ/9 29/9 27/9 29/9 221/9 V 9 a/9 M/ 9 25/9 *7/1 28/9 H/9 13/9
      900 words
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      Page 15 Advertisements Column 4
      708 15 T ScanDutchV p- j UVM *:r; nizuw m* tVi v> i>:n:i »i t«i T i »7HJ :<n r Ms.*\v VI IMB U/» MIBUM 11/1 L«n tu% sss t/M «/M U MM M/M n/n 1) Ma I) Mm 4) Ckar iw iw a/> n/> a/i a/i 2/it vu 2/M 7/M VU
      708 words
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      Page 15 Advertisements Column 5
      572 15 BOUSTEAD SHIPP,NG AGENCIES LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, Galveston) MAIL CRT LYKES (bads). MASON LYKES (10ad5).... Singapore P. Keiang Kuantan US Gt# 13/14 Sop 15/17 Sop 19 Oct 27/21 Sep 24/26 Sep 3 Ho* U.S. WEST COAST SERVICE (Honolulu, San Francisco, Portland, Vancouver 8.C.,
      572 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      1032 16 K LINE KAWASAKI KISEN KAISHA. LTD. EUROPE F XPPF SS SF RVICJ TO EUROPE Spore P Kelang l Havre Rdam H'burg Bremen Awtrp C RO2E 15W 2 Sep! 4 Sept 22 Sept 23 Stpt 27 Sept 28 Sept 1 Oct IACEWON 4* 9 Stpt 10 Stpt 28 Sept 29 Stpt
      1,032 words
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      Page 16 Advertisements Column 2
      833 16 U.S.A./EAST CANADA SERVICE Ptnjn| B«*«ai P Mint S<np«ora E.C./GREAT LAKES SERVICE IMOK FOR: NEW TQM. MXfOU. MONTHU TQUNTO. ASWABUU Ptnait Itmi P M«t Smew CALIFORNIA/PACIFIC NORTH WEST SERVICE Im*« tar 103 ANKUS SM FRANCISCO. SEATTLE. TACOMA MNCOUW. B.C Ptiuni P *«un( imaoofe L tnfttn "S O IKfiMLAYA" 1/2 Oct 1/4
      833 words
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      Page 16 Advertisements Column 3
      806 16 3 (iroup SINGAPORE SHIPPING AGENCIES PTE. LTD 2OTH fiOOd OCEAN BUILDiNO SINGAPORE ,J I'NES GENERAL *****1 <14 LINES) TELE* RS «s iSS6B A q CARSmiP C A9L E CARGOSHIP ißSSlSlrl^ WEEKLY CONTAINER SERVICE to/from BANGKOK DSR For Eurape S pore conns saM SANMHAUSEN 8/9 Sept mam jt/i Oct Far fan
      806 words
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      Page 16 Advertisements Column 4
      837 16 MAI >4 VSIAH TfR\A TIQHAL SHIPHHG CORPORA DO* BfRHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MEO/UK/CONTINENT/SCANDINAVIA WOT BOUth Feeder f Wane Vessel Spore 11 Msedles 2) Rdam 3) Hburg Gburg Hm Attepttai For I) Barcelona Genoa. 2) Amsterdam Antwerp I Hawe. Bilbao Basle UK 3) Bremen Brtnwnha»en Aartws Copenhagen Hrtsmii 4)
      837 words
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      Page 16 Advertisements Column 5
      722 16 AEGIS KMC WB4I 5 Sep 1 Sep Avon (UK)/Tilbury ATLANTIC W*o WB44A 14 Sep 19 Sep AvofuUK)/Tilbury Bou logne, Antwerp NORASIA 25 Sep 29 Sep Avon (UK) Boulogne Antwerp Ajentv Snjjport MTRASEA (PTE) LTD *****11 BOOKMG *****57 K Lumpur rEO SHPPMG I TRADMG *****4 4*0742 *****g Pemnt MTE* OVERSEAS MARITME
      722 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      372 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) S PORE PT KEL PENANG PT SAD ALEXANDRIA SPWNX U Sept 24 Oct 16 Oct 21 PYRAMDS U Oct 25 Nov 16 Nov 23 Subject nduconent MARTRANS CARGO PLEASE CONTACT SCHENKER SINGAPORE TEL *****11
      372 words
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      Page 17 Advertisements Column 2
      350 17 CELTIC BULK CARRIERS r >n i, j I ns f, I t, Regular Bulk Service For Timber Plywood SMV"" 3) U/ Hoi Til. Ant cmr iSI i 10/10 13/10 Tll oub,,n *"< 11 27/10 31/10 Ant CELTIC (VOY 6) 15/11 11/11 Nantes. Hoi Til Dublin An General Agents Marathon United
      350 words
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      Page 17 Advertisements Column 3
      377 17 ALFRED C. TOEPFER SCHIFFAHRT Express Regular Service To Dubai ETA ETP M.V. OCCAM SOVEREIGN hi Pod t W( 7 Oct 121 Express Service to Dammam and Kuwait M.V. SUN KM 15 S««»t 20 Owners Representative Ottice Tel. No *****33 AGENTS *Wo*4 NT TftMWK I SMPPMS mI TO ZOO* mi n
      377 words
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      Page 17 Advertisements Column 4
      456 17 KIE GWAN SNIPPING (PTE) LTD. Sutf 111S, Utti floor, Mcmatanal Plaza No 10. Amon Road. Smjapore 2. Id: 7?!?733 (5 Lne») to t Imuran rawca tUMBELA Tawau, Skan 4/1 Sept 7/10 Sept ffUTOA KkWu. S un 1/10 Sept tKAGOWA Kkbtu. S kan 12/15 Sept 16 19 Sept IMELADJU Tawau. LDatu
      456 words
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      Page 17 Advertisements Column 5
      427 17 NOTICE DAIICHI CHl'O RISEN KAISHA, TOKYO M.V. "PAKALONG SERAYA" FROM OSAKA ARRIVED ON 23RD AUGUST, 197* AT P.S.A. GO DOWN NO. 41/41 General Survey on damaged cargo discharged ex the above vessel will be held on 3rd September, 1979 as from 9.00 a.m. to 1.00 p.m. No further survey will
      427 words
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