The Business Times, 15 May 1980

Microfilm: NL10631
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 111/1/8# THURSDAY, MAY 11, 11M 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Saudis increase prices
      62 1 Reuter NEW YORK, Wed. Saudi Arabia, the world's biggest oil exporter, has increased its price by US$2 a barrel, oil industry sources in New York said. The increase was not entirely unexpected by Western oil industry executives. Saudi oil has been priced at $26 a barrel, at
      Reuter  -  62 words
    • Article
      Lock icon Chinese oil purchase
      62 1 Reuter TEHERAN, Wed. China has contracted to buy "a considerable amount" of oil from Iran during the current year, Pars news agency reported today. A contract formalising the deal was signed in Teheran today between representatives of the Chinese State Oil Co, and the National Iranian Oil
      Reuter  -  62 words
    • Article
      Lock icon Abolition of martial law
      59 1 UPI CAIRO, Wed. President Anwar Sadat has announced the abolition of martial law in a liberalisation move forming part of a sweeping reform programme including a new cabinet under his personal command. He said the abolition of the law, in force since the 1967 war with
      UPI  -  59 words
    • Article
      Lock icon Tin conference deadlock
      78 1 AP GENEVA, Wed. Unable to break their deadlock on key questions, tin exporting and importing states decided to break off their conference on a new international tin agreement. They agreed to instruct conference chairman Peter Lai of Malaysia to keep in touch with governments with a view
      AP  -  78 words
    • Article
      Lock icon Muskie speaks out
      87 1 UPI BRUSSELS, Wed. US officials said US Secretary of State Edmund Muskie told the North Atlantic Treaty Organisation allies that the US wants specific support over Afghanistan and Iran "that goes beyond rhetoric." Mr Muskie, according to the officials, said concrete steps had to .be made now,
      UPI  -  87 words
    • Article
      Lock icon Van Gogh painting
      64 1 AFP NEW YORK, Wed. An 1886 painting by Van Gogh, "JanHn du poete" (garden of the poetj, went for U555,200.000 at a Christie sale yestenW the auctioneers announced. This was an all-time high for an impressionist painting, the firm said. The work was one of 10 paintings
      AFP  -  64 words
    • Article
      Lock icon Air Lanka loan
      37 1 Reuter HONGKONG, Wed. Air Lanka, the Sri Lankan national airline, is raising a US$4O million, eightyear syndicated credit to purchase two Rnrfng jets from Singapore Airlines, Chase Manhattan Asia said as lead manager. Renter
      Reuter  -  37 words
    • Article
      Lock icon Dow Jones
      61 1 AP NEW YORK, Wed. Stock prices continued to rise buoyed by lower interest rates and a court ruling blocking the imposition at President Carter's petroleum fee. The Dow Jones average of 90 industrial stocks rose 3.50 to 820.39 in the first half-hour as advances outnumbered declines by a
      AP  -  61 words
  • Article
    Chief Price Changes
    137 1 Rises Indices Troaoh MIim 1300 D Kirtait 1430 Straits Tridiii 13B0 M Baakiaf 1000 PMC 619 UIC MO Ktafa 400 Kiamtiif Tin 430 S«1 Propsrtiaa 740 Ialaad IPn 986 Shaa«ri-La 1060 Fall* Dealop lad 900 Imo 9fl6 Rotkmana 464 Duff D«t 342 8 T P 1*76 640
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  • Article, Illustration
    KUALA LUMPUR
    157 1 Rises Indices D Keramat 1490 +90 May 13 May 14 Tronota 1320 +60 B.T.Index: PMC 625 +50 7615.85 7699.02 S Trading Castlefield 1300 2250 +50 +50 Industrials: Finance: 573.33 578.25 782.49 791.24 PMRI 410 +34 Hotels: 365.85 366.72 M Banking 1000 +30 Properties: 391.57 396.78 MUInd 635 +25
    157 words
  • Article
    Life assurers keen to set up here
    622 1  -  SINGAPOREANS UNDER-ASSURED By CHOO AlI LENG FOREIGN life assurance companies are keenly eyeing the local market and there are strong Indications that a few may be admitted into the industry within the next 18 months. Sources said representatives from several major life assurance
    622 words
  • Article
    Index pierces the 500-point level
    259 1 THE Straits Times Industrial Index crossed the 500point barrier for the second time this year as strong buying support pushed share prices to-vasds-a Im close yesterday. Closing at 502.10 points, the market indicator is now a marginal 2 points off the year's peak of 504.11
    259 words
  • Article
    Proposal to merge six companies
    479 1 SIX companies of the Malaysia Mtafeg Corporation stable Malayan Tin Dredging, Southern Malayan Tin Dredging, Southern Kinta Consolidated, Kramat Tin Dredging, Lower Perak Tin Dredging and Bldor Malaya have begun studying proposals for a merger. The boards of the six companies laid yesterday that the
    479 words
  • Article
    SPC still the supplier
    333 1 SINGAPORE Petroleum Company (SPC) is buying Jet fuel from the Malaysian national oil company, Petronas, to meet its new sales agreement with Malaysian Airline System. Sources said yesterday that under the new aviation turbine (Avtur) fuel contract with the Malaysian carrier, SPC will buy Avtur from
    333 words
  • Article
    Acma has become one of world's biggest exporters
    121 1 ACM A Deetrieal laia*. tries, i IwtßylMwpi rated fiap«ay, kai bemw mm si the mrli'i largest eipalas sf reAeaa aew wpsrti is werld, Irea AastraUa flsstt mit Asia, West Aria, Africa aai Earepe. Ariaa regies^ Bs'Sto tedScaMasi* ▼•Btare^prejeets ■Masfsetare refrlgeraJgiaSjg IETJSJ. *2
    121 words
  • Article, Illustration
    SMA will soon have new blood it needs
    381 1  -  By FONG MEW LENG THE Singapore Manufacturers' Association (SMA) will soon receive the revitalising new blood it needs. Five impressive newcomers have been elected into the next executive committee which will t»ir» office after the «wtwmi general meeting on Aug 22. They
    381 words
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      0 1 =;!\~{}&-[./:$\<\-+[]%|?:-|",(,
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      103 1 THOMAS Ml/HI H I the trained specialist.., t W< •t* w y -s? f *6 A THOMAS ROBERT BROKER H;r the convpnierr "Ofwtir f.nentsC N'-vv Sales Ontr<- r. NOV; in, i; Peninsula Pla.%) Nos 4ST) 14 r h Fit x .r; P<-ninsul.: Pl.va Cou*rT),-»r Stnqapore OM 7 Tf*l *****0% 5219
      103 words
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      Page 1 Advertisements Column 3
      58 1 SHIPPING TIMES TURNAROUND la UK toflatton INSURERS in Mt pit iff by rate t big risks t HOW to cope with toe l»by INFLATION eatleek to Intonekmn f sia. it COMMODITIES tor year pertfe- JAPANESE may relax eemUoe? 7 medity trading.......................... 12 AIRCRAFT I. TV AND RADIO f, CROSSWORD I
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      2 1 Lra4er...pftfe I
      2 words
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      Page 1 Advertisements Column 5
      122 1 ]`-=[~<,)-$"<+%<-_(:$^&\_-/`+(* DTBSO DTI2CX) DTIBOOR Pn*«. mv.v/n 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 company in the world. A success we believe
      122 words
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  • TRADE AND INDUSTRY
    • Article
      Industries where R&D is vital
      552 2 THREE KEY AREAS SINGAPORE should encourage research and development in the electronics, food processing and chemicals industries. In the context of the strength of Singapore's industrial sector and international trends, this approach will help Singapore maintain its competitiveness in world markets. These potential areas for
      552 words
    • Article
      Ministry warns against use of unsafe scaffolds
      324 2 THE Ministry of La tour is reminding contractors that they will be severely dealt with if they persist in using —ifc Mntangor scsffolds and working platforms. It warned that extended work stoppage win be imposed and the errant cootractor will be prosecuted. A
      324 words
    • Article
      Harvard Club conference
      91 2 THE Harvard Club of Singapore will be conducting a one-day conference on Interna tioaal Business and Financial Challenge* in the ISttt The conference will be held at the Shangri-La Hotel on July 23 and is being organised in conjunction with the Harvard Business and Law Schools. Several
      91 words
    • Article
      Imports boost external trade in first quarter
      268 2 SINGAPORE'S total external trade in the first quarter of thla year grew 51 per cent to $ZL7 billion from the $14.4 billion in the corresponding period last year. With three more quarters to go, total trade is already one-third of last year's value
      268 words
    • Article
      COURSE FOR WATCH REPAIRERS
      127 2 THE VOCATIONAL and Industrial Training Board will start a three-year course next month to train watch repairers at the Baharuddin Voacational Institute. A survey conducted by the board estimates that there is a need for 500 skilled watch repairers over the next five years. The training
      127 words
    • Article, Illustration
      GRAPHICS AND IMAGING SYSTEMS
      123 2 Dataprep has been appointed distributor in South-east Asia for graphics and imaging systems manufactured by Ramtek of the United States. These equipment can present on a screen and in colour physical objects and line drawings such as pie charts. Colour graphic systems are suitable for medical
      123 words
    • Article
      MEMO PAD
      290 2 SEMINARS AND COURSES May 14-16: Effective Publicity Writing, Hilton Hotel, Consulasia May 19-June 19: Reliability Engineering, Sisir Lecture Room, Sisir May 21-23: Advanced Programming Techniques, Institute of Advanced Technology May 22-23: Managing Foreign Exchange Risk, Shangri-La Hotel, AMR International June 2-3: World Banking Conference, Shangri-La Hotel, Business Times
      290 words
    • Article, Illustration
      Japanese company seeks market
      383 2 THE rapid Increase in the number of high-rise buildings in Singapore has attracted the attention of a Japanese manufacturer. Seeking a market in Singapore is Nihon Btso, a manufacturer of mechanised equipment used in maintaining taril/Hng Based in Kawaguchi City, Saitama Prefecture, the company has appointed
      383 words
  • Page 2 Advertisements
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      185 2 Professional Choice... Logical Choice ii f i- /1 <? 4? 5? *>- >» i'i. CD An expansive but skilfully assembled story, set mainly in Mew England, Long Island and the Philippines, that focuses on the destinies of a talented medical family between 1950 and the present. The central characters are
      185 words
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      Page 2 Advertisements Column 2
      38 2 i J v 3 >• w 3'<:>VhY^ •>: &5 V >? Oft Suit* 846. World Tra* Ontr* 1 Miritimt Squ»r* Six—inn 0400 ura 40 D« Vomi Road Hong Kong L, Plmm rush m« comptat* details t on th« Jun* 1910 seminars.
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  • REGIONAL
    • THE REGION IN BRIEF
      • Article
        Lock icon EXPORTS TO RUSSIA
        558 3 Agencies JAPANESE Prime Minister Masayoshi Ohira yesterday approved Japanese exports of large-diameter pipes to the Soviet Union with loans from the Export-Import Bank of Japan. The Premier gave the approval when he was informed by Vice Foreign Minister Masuo Takashima that the United States has agreed to
        Agencies  -  558 words
    • Article, Illustration
      Lock icon Askew wins major car concessions from Tokyo
      401 3 UPI US PRESIDENTIAL trade envoy Reubin Askew has woo major concessions from Japan to solve a dispute arising from growing Japanese car exports to the United States. Government officials in Tokyo said yesterday the Japanese concessions include the removal of import tariffs on
      UPI  -  401 words
    • Article
      Lock icon Economies of Asean display steady growth
      174 3 UPI ASIAN nations are feeling a squeeze in their economic growth because of slowing exports, inflation and severe droughts. An official financial report in Tokyo, compiled by the Bank of Japan, said the Asian economy is suffering signs of slowdown and South Korea is
      UPI  -  174 words
    • Article
      New $250m KL-Kuwait venture
      457 3 A NEW $250 million Malaysia-Kuwait investment company will facilitate the flow of not only Kuwaiti and other Arab petrodollars from Kuwait and other sources into Malaysia but also of Malaysian goods in the reverse direction. Speaking after the signing of the agreement to launch the giant
      457 words
    • Article
      Lock icon Grim challenges facing India
      255 3 UPI INDIA'S economy (aces grim challenges in fiscal 1900-«1. A Finance Minsitry review in India said the economy in the past year registered a sharp deterioration in almost every sector, and the outlook (or the April 1980-March 1981 would largely depend on improvements in power generation,
      UPI  -  255 words
    • Article
      Lock icon Loan for steel exports
      143 3 Reuter JAPAN is resuming gradually cooperation to help develop mineral resources in Siberia a(ter a brie( pause following the Soviet military intervention in Afghanistan, the Japan-Soviet Economic Committee said in Tokyo yesterday. Japan's seml-o((icial Export-Import Bank said it had received government permission to begin as soon
      Reuter  -  143 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      107 3 Convert your Accounts Receivable into CASH immediately u. PBODUCTJON/ uj </) 31 SP° a HONG LEO^ More funds for your business? ACCOUNTS RECEIVABLE FINANCE is the modern answer by Hong Leong Finance to benefit all companies whether big or small. Under this scheme, a steady flow of funds is generated
      107 words
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      154 3 p-v;" H V' x -r. <r NOV [•3 FIVE TIMES A .WA- -.W X..V •:-.w, MMom 8 WMg! P» M ■> am M (OP U r '*s^' V rA 1Y i J* r Now big, magnificent 747s to Hong Kong at 11 am daily except Wednesdays and Saturdays. More comtort.
      154 words
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  • RAW MATERIALS
    • Article
      Increase in palm oil output for 1979
      123 4 MALAYSIA'S production of crude palm oil in 1979 rose to 2.19 million tonnes from 1.79 million in 1978 and 1.61 million in 1977, according to the country's Statistics Department Peninsular Malaysian 1979 output of crude palm oil rose to 2.03 million tonnes from
      123 words
    • Article
      RICE
      334 4 SINGAPORE: Yesterday's closing prices in SS per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.06, 100 per cent second class 0.90, 100 per cent third class 0.88, 25 per cent new crop 0.80, B-10 per cent 0.68. THAI BROKEN: A-super 0.63, Special no stock.
      334 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) C*ttM ymm: China Blue Phoenix 20s 2,190; 32s 2,590, 40s 2,845 (per bale of 400 lbs). Piece gMto: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      RUBBER
      294 4 THE rubber in Singapore market closed firmer with June One RSS buyers quoted at 293.00 cents per kilo, up three cents from Tuesday's close, dealers said. The morning market firmed three cents on higher overnight London advices, short-covering against East European orders of mixed grade sheets and light demand
      294 words
    • Article
      RAS PRICES
      295 4 R A S. prices In cents per kUo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f o b. 288.50 289.50N Int. 1 R.S.S. June 93.00 294.00 Int. 1 R.S.S. July 297.00 298.00 Int. 2 R.S.S. 285 00 286.00N UK/Coot 284.00 285.0im Int. 3 R.S.S 282.00
      295 words
    • Article
      SSR and SMR
      101 4 NOON SSR and SMR pricaa jnatarday: RAS Jmm 1 SSR 20 SSR SO (1-ton pallat) (1-ton pallat) ICllTMt Ba jrara 8 274.50 271.50 Mth) •liar* 276.50N 273.50N irorwira IUI ■WW Sallara 278.50 278.50N 273.50 275.50N MRELB Jul My SMRCV SMRL SMR 5 SMR GP SMR 10 (1
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    • Article
      Straits Tin
      83 4 THE Straits tin price la Peaaag gained Ms 2 per Sieal to $2,212 yesteray, $57 abeve the lateraattaaal Tla Agree* meat eeiliag, dealers said. Despite easier Lsadsa conditions ea Taesday aight, the market remained steady arsaad this level ea seme Japaaese and US baylags and eeattaaed lew eeatribattsa
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    • Article
      CLOSING PRICES
      40 4 Rubber: May 14 Singapore: June: 293.00 cents (up 3.00 cents) Malaysia: June: 297.50 cents (up 3.50 cents) Tin: Ms2 t 2o2 (up $2) (equivalent to $36.41 per kUo) (up 3 cents) Official offering: 134 tonnes (up 17 tonnes)
      40 words
    • Article
      WHEAT
      184 4 THE Chicago Board of Trade wheat futures closed up USS M to 7 K cents a bushel in extremely light volume on Monday. Only the spot month finished under the day's highs. Local short-covering came on reports that crop areas did not receive enough rain to dispell drought concern.
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    • Article
      SOYBEAN
      221 4 THE Chicago Board of Trade soybean futures closed US6 V* to 5 Vi cents a bushel higher, on the top of a seven-cent range on Monday. Steady local short-cover-ing rallied prices and highlighted extremely slow trade. Slower than anticipated planting progress reinforced general trader belief that rain was not
      221 words
    • Article
      Produce exchange
      175 4 CHINESE Prsdsee Exchange, Singapore, aeen rlsslsg prices per 111 kg yesterday: Ceeeast ell: Bulk fob $137.50 sellers, old drum (in second hand drum) fob $147.50 sellers, new drum fob $154.00 sellers. Cspra: Mixed (loose) $79.00 buyers. Pepper: Muntok white pepper fob Asta NLW $505.00 sellers, Sarawak white pepper
      175 words
    • Article
      LONDON MARKETS
      791 4 COFTEE: Robusta futures ended yesterday morning mostly £5 to £8 lower in a volume of 804 lots. Dealers said initial lower levels were expected since steadiness at Tuesday night's close had been slightly overdone. There was no fresh news and trade was quiet within narrow price ranges. SUGAR:
      791 words
    • Article
      PALM OIL
      149 4 THE market yesterday firmed oil inventory buying in May and covering in nearby June, dealers said. The Indian State Trading Corporation tenders for refined bleached deodorised olein failed to stimulate activity, they said. Trading was light with interest mainly in the southern region. May and June rose Mslo
      149 words
  • ASIAN STOCKS
    • Article
      Large volume traded
      640 4 TOKYO THE Nikkei Dow-Jones closed at Y6.747.56 yesterday, down Y19.38 with total volume of 500 million shares with the volume from Nippon Steel making up 25 per cent. In spite of its large volume, Nippon Steel only went up Y1 to Y149, and Kawasaki Steel gained Y1
      640 words
    • Article
      Lock icon Hongkong
      365 4 Source: SHK See TRADING was moderately active yesterday after some minor banks in the US announced reduction of their prime rates below 16 per cent to 15 per cent. Prices of all shares opened relatively firm but profit-taking skimmed 1.72 points off the morning session after Tuesday's surge of
      Source: SHK See  -  365 words
    • Article
      Sydney
      306 4 INDUSTRIAL and major mining shares traded firmly in an active market yesterday, while oils eased after hectic trading over the past few days, brokers said. Some overseas buying was reported, particularly in companies linked to energy resources. Coal producers were strong, with Oak bridge A 25 cents higher on
      306 words
    • Article
      Bangkok
      275 4 STOCK prices closed mixed yesterday as market sentiment remained weak, deal--OTS Sclid Industrial Finance Corp rose one baht to 119, Bangkok Bank and Mah Boonkrong Drying and Silo were unchanged at 292 and 204, and United Flour Mill fell one baht to 197. MAY 14 Bahls AnU L'riil 133
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    • Article
      Manila
      166 4 STOCKS closed mixed yesterday as turnover rose to 2.7 million pesos from Tuesday's 1.8 million, dealers said. Atlas Con B, Marinduque B, BF Goodrich PLOT, San Miguel B and Vulcan firmed while Lepanto B, Philex B, Basic Petroleum and First Phil Hldgs eased. Acoje Mining, Landoil B, Oriental B,
      166 words
    • Article
      Selected indices
      51 4 FINANCIAL TIMES INDUSTRIALS Tuesday 436 8 Monday 434.2 Week Ago 444.9 DOW JONES AVERAGE INDUSTRIALS Tuesday 818.88 Monday 805JO Week Ago 818.04 H.K.HANG SENG Wednesday «00.78 Tuesday 902.48 Week Ago 881.36 SYDNEY INDUSTRIALS Wednesday 623.53 Tuesday ***** Week Ago 804.06 ALL ORDINARIES Wednesday 305.00 Tuesday 798.48 Week Ago
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  • Page 4 Advertisements
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      428 4 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia Oil Directory 1980-81 (Third edition) is the only professional reference work which brings together an encyclopedic volume of material to serve all sectors of the oil industry. It is the most comprehensive and in-depth coverage
      428 words
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  • OVERSEAS
    • Article
      Lock icon Seeking ways to ease world tension
      305 5 Reuter WARSAW Pact leaders are expected to appeal to the West to accept communist proposals on easing tension between the two power blocs after their summit in Warsaw today. The two-day meeting which began yesterday came on the heels of charges from the Western
      Reuter  -  305 words
    • Article
      Lock icon CFTC to develop flexible position limits
      134 5 Reuter THE US Commodity Futures Trading Commission voted to direct its staff to develop a flexible speculative position limit rule. The rule would specify that if any one trader exceeded a certain percentage of positions in a delivery month on any futures contract, he
      Reuter  -  134 words
    • Article
      Lock icon Uganda to hold elections as scheduled
      235 5 UPI UGANDA'S ruling military commission consolidated its power yesterday and said it will hold open elections as scheduled by ousted President Geoffrey Binaisa. The BBC reported that a commission spokesman said that Mr Binaisa and his cabinet may be tried for corruption if enough
      UPI  -  235 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      783 5 ARRIVALS Service Local Operator Number Tine From MAS MH601 0700 KUL SU/BA SQ/BA17 0000 LHR/BAH MAS MH621 0835 PEN su SQ101 0615 KUL RBA BI421 0930 BWN MAS MH671 0930 PEN/KUL SIA SQ2U 1000 HLP CPA CX710 1005 HLP GIA GA980 1030 HLP SIA SQ103 1015 KUL
      783 words
    • Article
      Lock icon EEC maps out new energy saving measures
      199 5 Reuter THE Earepeaa Emimlt Cemmaatty (EEC) satis—have agreed ts restrict sil essssmpttsn as part sf jetat gsMeUses far their energy pettdes in the next decade. Energy ministers the sine states yesterday accepted a package sf meaeares pwwssi by the EEC Csaunisrisa, Including the
      Reuter  -  199 words
    • Article
      Lock icon UK inflation may peak this month
      500 5 Reuter BRITAIN'S inflation rate, which has doubled in the 12 months since the Conservative government took office, will probably peak around 22 per cent this month, financial analysts contacted by Reuters said. British government ministers have attributed much of the increase to a wages
      Reuter  -  500 words
    • Article
      Lock icon US INFLATION RATE
      193 5 Reuter THE CHAIRMAN of the US Council on Wage and Price Stability, Mr Alfred Kahn, believes inflation in the United States will be about 10 per cent by mid--1960. He attributed this proposed improvement "a combination of the promise of a balanced budget and restrictions on the
      Reuter  -  193 words
    • WORLD IN BRIEF
      • Article
        Lock icon LARGE GAS DISCOVERY
        450 5 Agencies NORWAY has announced a large North Sea gas field discovery. Exploratory drilling of a second well in Block 31/2 in the Norwegian sector of the North Sea confirmed tests from a first well that the field contains gas reserves containing an estimated 800 billion to 1.5
        Agencies  -  450 words
  • Page 5 Advertisements
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      129 5 4 1. I9b. rf* l. > I I 1 What kind of woman makes it to the top of her profession... I i \x X 1 .the kind of woman who chooses Girard-ftrreganx For almost two centuries, Girard-Perregaux has been the choice of exceptional men and women who appreciate the
      129 words
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  • Article
    Foreign assurers are welcomed
    375 6 SINGAPORE is firmly wedded to the idea of becoming a full-fledged international financial centre. A further dimension was recently added to this goal the Republic now seeks to develop as an international funds management centre. Much of the groundwork has been completed and the foundations for
    375 words
  • Article
    Indonesia should check profiteers
    313 6 INDONESIA, lik? many other developing countries, is experiencing the painful effects of inflation caused by rising oil prices. As a result of reduced subsidies on petroleum products, Indonesians have seen their fuel prices rising by half with consequent effect on most other necessities. In a country
    313 words
  • Article, Illustration
    Lock icon Coping with the baby boom
    1602 6 The Economist JUST 15 years ago, in 1965, Britain's official demographers published a guess that the number of babies born in the country in 1978 would be about 1,150,000. In the event the number of births that year was 687,000: an error of one third.
    The Economist; Source: CPCS; Source: US Bureau of the Census, 1977(medium series forecasts)  -  1,602 words
  • Page 6 Advertisements
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      348 6 RnewuiniraMwr [iiraccountancy [training STUDY with the EMILE WOOLF COLLEGE OF ACCOUNTANCY, London for the Association of Certified Accountants Examinations. The Emile Woolf College of Accountancy has since its establishment, gained the reputation as LEADERS in the field of Accountancy education. The consistent high rate of examination successes of Emile Woolf's
      348 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1501 6 i Going to Philadelphia PHILADELPHIA, Here I Cemel, the title ef tonight's Featare Special, suns ap the story ef the dim baaed ea a play ef the aoe title by Brtaa Frlel. Startiag at lMEpm, ever chaaael t. It tells ef a yaaag Iriahmaa's Jearaey te Philadelphia. Jilted by bis
      1,501 words
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  • Article, Illustration
    PRECIOUS BEANS
    1496 7  -  BILL CAMPBELL continues his fourth article of a six-part series on Sabah BILL CAMPBELL FLYING from Kota Kinabalu to Tawau in the southeast corner of Sabah that borders Indonesia, there is ample evidence of what local newspapers have described as the "cocoa fever" sweeping this East Malaysian state.
    1,496 words
  • Article, Illustration
    Lock icon Seoul won't lose top spot
    764 7  -  South Korean workers laying a new paved road through a Jeddah souk (market)... Seoul is confident of retaining its top position as West Asia's building contractor as South Korean companies expect to win more than US$6 billion worth of building contracts there, reports MOON IHLWAN.
    Reuter  -  764 words
  • Article
    STRAWS IN THE WIND
    219 7 A FRIEND saw the funny side to the arduous business of offering tea to elders on one's wedding day, especially if the number of elders (any relative older than the bride and bridegroom) goes up to more than two. To make absolutely sure that the couple
    219 words
  • Article
    In case of a shortage
    833 7  -  [FORUM with QUEK PECK LIM SINGAPORE exists in a world where shortages are beginning to have an effect on the ability of economies to sustain a reasonable rate of growth. A vivid illustration of this was seen in the severe shortage of oil brought about
    833 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      70 7 Effective May 15 1980 the next s»x month interest rate tor the U5515,000,000 THE DAI-ICHI KANG>O BANK LTD Asian Floating Rate Certificate of Deposit due November 17 1980 shall change from 15 3/16% to 11 5/8% REFERENCE AGENT CREDIT SUISSE FIRST BOSTON (ASIA) LIMITED REFERENCE BANKS: BANK OF AMERICA NT
      70 words
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      Page 7 Advertisements Column 2
      509 7 WORLD BANKING CONFERENCE JUNE 2 3,1980 SHANGRI-LA HOTEL SINGAPORE Sponsored by Business Times and Financial Times Opening speaker will be Mr. S. Dhanabalan, Senior Minister of State for Foreign Affairs Singapore, who will speak on the international economic outlook and how political trends may affect it. Mr. Roberto Ongpin, Minister
      509 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        201 8 MAY 13 Kb ABN 292 nO 0.5 Ahold 67 10 0.1 AH mj 25 30 0.7 AMfcV 96 00 unch Ainfas ***** -25 Amro Bank 63.10 0.6 Bergou* 39 70 0.2 Berk 97 00 1 Bols 61 00 -04 182 00 -2.5 Burhrnann 62 50 1 Bvfnkoif 50 00
        201 words
      • Article
        Paris
        273 8 MAY 13 Krs (ORBEILLE Air-Liquide 534 unch B S N Gervais Uanone 965 10 V S F (ThoinsonC*l) 488 1 l"ie Francaise des Petroles 246 50 -1.5 I'ompagnie Financiere Coinpagme Generale 373 •3 Credit Foncler L)e France 432 -8 Hachette < Librairie) 2S2 2 Machines Bull 62 unch Michelin
        273 words
      • Article
        Brussels
        91 8 MAY 13 Krs FORWARD MARKET Acre 338 •♦33 Arbrd 2090 A.stur 459 -6 Bruscan 600 -10 Bru-Lamb 1280 8 Canpar 878 Cock 298 unch I> Berr% 278 3 Ebes 1925 -20 Electrobel 5770 -10 Gb-Inno-Bm 2380 30 Ciev 1068 10 Hobok 2500 -40 Petro 5210 200 Ryl Dutch 2270
        91 words
      • Article
        Frankfurt
        213 8 MAY 13 Dm Aeg-Telefunken 78.00 J Akzo 22 70 02 Allz Leben 871 00 1 Allz V*rs ***** 1 BASK Buy H T Wbank Bay Vbank 143.60 235 50 276 60 5 Bayer BBC BMW Cassella (_h**ui Venn (.'onimerzbank ***** 299 60 I65S0 344 00 ***** ***** SO JOB
        213 words
      • Article
        Zurich
        191 8 MAY 13 Francs Anions Suuws 281 unch Alusuisse Br 1125 -25 Alusulsse Reg 450 -20 Brown Boveri Br. 1820 35 Ciba Geigy Br. 1065 unch C'lba Geigy P C &30 -S Ciba Geigy Reg 505 3 Credit Suuw Br 2145 5 Credit Suisse Reg 3»4 4 Elektrowatt Br 2290
        191 words
      • Article
        Milan
        109 8 MAY 13 Lire Ante 8 50 -0 1 A.vnoc Gen ***** 100 i 561 -28 (Vniralf 9281 •19 Kul 1780 •31 insider 74 175 Gen lmmob S7 unch IH Pri 2241 .9 I la Icemen ti ***** -205 lUlgas 805 -2 Ilalsider 315 50 Magneti M P! 575 -5
        109 words
      • Article
        TORONTO
        196 8 MAY 13 CI Abitibl ir Alcan 27'. unch Algoina 28 Bank Mont 24 Bank Nova Scotia 26 Bell Tel 20 Beth Corp BP Can Ltd 38 r Bra scan 24 Camp Red Lake 35 Can Imp Bk 24 Canpac 35 Canpar Inv Pf Carhnc O'Keefe 8 Cominco 50 2
        196 words
      • Article
        JOHANNESBURG
        305 8 MAY 13 Rand INDUSTRIALS A Alpha 310 unch Abrrrom 278 3 At And CI 685 -5 A MIC 2300 25 Barlows 965 -S Cj Sugar 1060 unch CNA 425B Currie Finance 170 2600B Edcon 520 10 6250 B Eveready Fed Vol It 360 5 Kufll 175 unch G&rdian Girnanl
        305 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      168 8 Where to wine, dine and entertain r. i Less to pay on our Weekday Package! Hoo feng (Mica had«dw lodo MaoMity no«Mng ewcapt Ihi? Mow Nfun ftoMay.yaugM bad and braaktMl plus «U lh* lima to rourMt! m SOB natt double occupancy J29 n«tt additional parson S9 par chik) under 12
      168 words
    • Advertisement
      Page 8 Advertisements Column 2
      178 8 lubertug ®riU For lunch. For dinner. For a richly rewarding experience. Businessmen's Lunch M<>ndav toHndav >1S 11 >'V» >*tv. ice charye VV, cess Javanese Rnstafel Saturday Sunday 5 If) 10 V service charqe VV, cess J < >i reservations call 7 •>7 t H->77 i w H' (<'iilllr\ I 'j
      178 words
    • Advertisement
      Page 8 Advertisements Column 3
      178 8 See Page 4 for Tokyo stocks and Page 9 NYSE prices I V* Dine at Palacc Have a royal fcrist ofN Cantonese delicacies a memorable experience. Quick I long Kong 1 im Sum Lunch available daily. Corkpit l^otrl Call Josephine for reservations *****75 or ***** 11 x 107 >*i V
      178 words
    • Advertisement
      Page 8 Advertisements Column 4
      198 8 Noodles, mien or mee? It's the same. No matter what you call it. The difference is the way our chefs serve up to you. Whether it's fried, dry. or in a soup. Whether it's Hokkien-style. Cantonese-style, or local-style. You'll like the way we have with noodles, mien and mee at
      198 words
    • Advertisement
      Page 8 Advertisements Column 5
      151 8 The American Express Card serves you well wherever great food is served 4 'J i r ."•s r< Vrr* V.X r Our chefs dish out the best of Spanish, American, French and other European Cuisines for a meal worthy of a true epicure. ♦Thick juicy steaks from the U.S. ♦Excellent
      151 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Easier rules for Samurai bonds
      441 9 Reuter JAPANESE underwriters have eased rules for the flotation of Samurai bonds following improved secondary market conditions due to an active capital inflow since mid-April. The monthly limit of 50 billion yen for all Samurai bond flotations will be maintained in the July-Septem-ber quarter, but
      Reuter  -  441 words
    • Article
      Lock icon DISCOUNT RATE CUT
      72 9 Reuter THE BANK sf Thailand has reduced the dbeswt rate eharged sa commercial hanks' hsrrswlag by li nr cent to 17 per cent. The redaettoa sf the dlsesaat rate hy the Bank wns In Une with declining Interest rates •verseas and la the Hal market. On Tuesday,
      Reuter  -  72 words
    • Article
      Lock icon Lower prime will not hurt profits
      234 9 Reuter EVEN though some US banks have dropped their prime rate as low as 16 per cent, they are in a position to improve profits because the rate is still nearly twtap as high as the interest banks pay to acquire funds (or those
      Reuter  -  234 words
    • Article
      Security Pacific first quarter results
      263 9 SECURITY Pacific Corporation reported earnings of U5539.7 million for the first quarter of 1980. The results are before securities gains or losses, which were negligible for the 1979 period, but which produced a loss of Jtf.6 million for the 1980 first quarter. Mr Paul Smith,
      263 words
    • Article
      Local companies are not put off by large risks
      506 9 VARIOUS factors may have made the local coverage of large risks unattractive to the young domestic insurance industry in many developing countries. But, surprisingly, a large part of such risks is still covered by local insurance companies. This situation seems to
      506 words
    • Article
      RINGGIT GOLD CARD
      304 9 POTENTIAL credit card users in Malaysia now have an added type of American Express card to opt for the Ringgit Gold Card. Officially launched on Monday by American Express Card Division and United Malayan Banking Corporation Bhd (UMBC), it will allow cardholders a special line of access
      304 words
    • MONEY AND EXCHANGE$
      • Article
        GOLD
        327 9 IN THE Singapore market yesterday, gold futures closed firmer compared with overnight levels in generally light trading. Opening quotations were marked up around US$3 an ounce following the metal's strength in New York overnight and thereafter held steady. Activity picked up in early afternoon trading with prices rising around
        327 words
      • Article
        ASIAN $
        179 9 ASIAN ASIAN currency deposit Interbank rates as at close on May 14: 7 days 1 month 2 months 3 months 0 months 9 months 12 months U8 DolUr»(8pot) Offer Bid 10'/. 10H 09/16 97/16 10 7/16 10 5/16 10V. 10H 11* 11 111/16 1015/16 11 10H 1 month 3 months
        179 words
      • Article
        Discount
        47 9 RANGE of prices offered by discount houses on May 14: Overnight: 7'/. 75/WS Call deposits 6 1 V',% CUH Baying Sellisg 3-month Treasury bills 7'/« 7'* 3 month Bank bills 11H 11% 3 months CD 10'i 10H 6 months CD 101/16 915/10 Source: National Discount Co
        47 words
      • Article
        HONGKONG
        127 9 THE U.S. dollar in featureless trading yesterday rose marginally from the New York closing levels after moving in a narrow range were most of the day, dealers said. The dollar was quoted at a late 227.95/228.05 yen against 227.25/40 in New York and a late 227.10/30 on Tuesday and
        127 words
      • Article
        Treasury bill tender
        43 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $80 million 91-day Treasury bills to be issued from May 19 to May 23. Each tender must not be for less than $250,000.
        43 words
      • Article
        LONDON
        382 9 THE U.S. dollar opened little changed on late Far East levels yesterday, though slightly weaker than the close on Tuesday night in very quiet trading, dealby the British Trades Union Congress for a day of protest at the government's economic policies meant some dealing rooms were short of staff
        382 words
      • Article
        Singapore market
        516 9 ATTENTION was focused on the yen yesterday when the foreign exchange market opened. Market expectations that Japan would chalk up a large import bill for the month of April resulted in the US dollar's appreciation in the morning. But against the other major currencies, the US dollar remained
        516 words
      • Article
        TOKYO
        95 9 THE U.S. dollar for overnight delivery closed at 228.30 yen yesterday, unchanged from the opening, but up from 227.40 at Tuesday's close, after erratic early trading, dealers said. Trading was active, with volume $890 million. The US currency rose briefly to the day's high 229.00 yen then moved between
        95 words
      • Article
        PLR
        22 9 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 12.2 per cent.
        22 words
  • Article
    Stocks stage rally
    1144 9 NEW YORK STRENGTH in oils and some glamour and growth issues on Tuesday sparked a broad rally on the New Stock stock market in active trading as interest rates continued to edge lower. The Dow Jones industrial average rose 11 points and advances swamped declines five to
    1,144 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      357 9 BANDAR RAYA DBVHOPMENT BERHAD (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of Bandar Raya Developments Berhad will be held at the Board Room of Multi-purpose Holdings Berhad at 16th Floor, Wisma MPI, Jolon Raja Chulan, Kuala Lumpur on Saturday,
      357 words
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      Page 9 Advertisements Column 2
      155 9 1 \N^ \e \\c S*e< Y\* 6 «+<**> \*P ,**< r© r,e \o^(o' i 1 r. v ri >a* -'.••-J .>rt y >N e ■>* lr v V"-- s o^ r>> >V e ,0^ \\o^ V\^ v o0^ c \o' vr was"** £o^' flttf S\(\<i^' ,0^ j%ca f4 I'il.KffljSife' ,»r*'
      155 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1624 10 BID and offer price» officially listed and business in and reported to the Stock Exchange of Stagnpore yesterday with the number at shares traded shown in brackets in lots o( I.MI units, unless otherwise specified. SECTION ONE 4 '4 •I INDUSTRIAL I
    1,624 words
  • Article
    Unit trusts
    152 10 mmutoms unit no r ii' "j The Commerce LM The Saving* Fund 1.58 S*pore Prog Fund L14 Spare Sac. Fund LM S pore bwaat Fund LM S'pore Equity Fund Lll tfU UNIT BIR (MMUcn* prtaaa tor Mag Mai Iaveat Fund L5I Ifal Prog Fund LSI Mai SKvtty V>ad
    152 words
  • Article
    SHARE INFORMATION SERVICE
    2735 10 1M0 Hl«k Low Coapaay Last Sale orGr*» Div Div CTT Gr*s rid Net P/E Vol (•OOO) Day High Low SECTION ONE INDUSTRIAL ft COMMERCIAL rm 223 14B ICS 324 80 3 SI 942 346 3B0 116 140 270 00 279 338 187 286 Ac ma Alcorn Allied
    2,735 words
  • Article
    In Kuala Lumpur
    1673 10 BID and offer prices officially listed and husinm in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. MDUHHAUI Aen* (198 MS) cd AIM (2JOB 2.256) (1) IM xd A
    1,673 words
  • Article, Illustration
    Share prices forge ahead strongly
    566 10 A BROADER tai sh stream kajlag activity threagk the Slagajjr» «tsek market yit Fie* AUluagk futoameotal as**.Dmi| «-ffriHtr (ram tke kpnai treads la Haaghsaa. New York aad itefed Ob the keek sf iin galas hi Use ektp Indestrials Straits Trading, Pea MeiejnrieOHHataS Goat. Wbwm yesterday
    566 words
  • Article
    Shares firmer in K. Lumpur
    515 10 PRICES continued to firm in fairly active trading on the Kuala Lumpur stock market yesterday. Strong buying interest was discerned among some blue chips and heavyweights which closed on a firm note for the third consecutive session. The New Straits Times industrial ordinary share index,
    515 words
  • LATEST RESULTS
    • Article
      MURATA Manufacturing
      40 10 of Japan has reported a consolidated net income of 3.09 billion yen on net sales of 54.52 billion yen for the year ended March 20, 1900. The company plans to pay a dividend of 5 yen per share.
      40 words
    • Article
      Negri Sembian Oil Palm Bhd
      48 10 has reported an unau- dited group net profit for 1979 of MJ5.44 million ($4.77 million), on turnover of $19.39 million ($15.53 million). A final dividend of 8 per cent gross (25 per cent on pre-three-for-two bonus-capi-tal) has been proposed, payable on June 28.
      48 words
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  • COMPANY NEWS
    • Article
      Record profit at Tronoh Mines
      446 11  -  By DAVID CHOW PRE-TAX profit at Tronoh Mines Malaysia galloped abend to a now peak of MIIQ g ifflVw last year, thanks to higher contribufrom mining operations. In view of the good results, its board hss recommended a final dividend of tl cents per share
      446 words
    • Article
      RESULTS DUE
      217 11 Onto Lft at Pan Year Caapaay 1 Ul 19V AMMMti Net EPS Gms Pre to* M fMT <«■*> Dhr. Pnm <%> (HH) Apollo Ent F 6/3 7.4 7.5 4,353 AChoc F 17/4 9.7 3.0TE 2,413 Pub Bank F 17/4 al5.7 63 3,137k Oriental Hldgs F 80/4 24.7 5.8a
      217 words
    • Article
      DIVIDENDS ANNOUNCED
      633 11 Carnal 1 PtJTMMl OUttb 18% AfiMMto 20%(b) Mm Gatkria 9% I C B lO%(b) 8kaaxii-La 10H(n) C»frtw| u% Iatraeo 19% A A 9% lOH Daalop Bat 23%(e) Solaro* 8% U OB 75% OUT J 12% (b) Baaya 12% TO DulMhd 275% Ex Baafca Data Total far Total far
      633 words
    • Article
      SCRIP ISSUE
      165 11 Coapdjr Particulars Ex Date Books CIom OCBC OU B Malakoff TTat Boast* ad Utd Plant 81*70M 8t Trading 81a Lis Bonus Issue of 1 for 10 Bonus Issue of 1 for 5 Rights Issue of 1 for 5 &S2.00 t>er share Bonus Issue of 1 for 2 Bonus
      165 words
    • Article
      Malayan Flour Mills ventures into soyabeans
      407 11 IN AN apparent move to revive lta flagging profit tad broaden Its base of operation, Malayan Flour Milk is venturing into the soyabean-related downstream activities. la an earlier announcement, tbe group said it would subscribe to a total of $5J million or SI per
      407 words
    • Article
      Conversion price
      54 11 UNTTED Overseas Bank has informed shareholders of its US$3O million 6.5 per cent convert!We bonds 1968 that the conversion price has been adjusted from $5.45 per ordinary share to |4.96 on May 12. The adjustment was made necessary by the bonus issue of one for ten declared for
      54 words
    • Article
      Good performance by Malaysian Plantations Bhd
      358 11 MALAYSIAN Plantations Bhd, the Malaysian scion arising from the reconstruction of UK-based Plantation Holdings, is off to a fine start as a newly listed Malaysian public company. It turned in a pre-tax profit of MSI&M million during its first financial year ended Dec 31,1979.
      358 words
    • Article
      Earnings at Ambassador Hotel double
      299 11 AMBASSADOR Hotel has almost doubled Its pre-tax profit to $LOC2 mlllioa for the financial year ended Dec XI, 19». within two years since it first went public. Compared with the previous year's pre-tax profit of (806,231, the latest result represents a 31.7 per cent Increase.
      299 words
    • Article
      Better results at Ayer Molek
      165 11 MALACCA-based Ayer Molek Rubber Company has reported slightly improved interim earnings. Unaudited pre-tax profit for the first haM-ysar ended Feb 29, 1888, rose by 7 per cent to MsU2£oo. The profit increase is nainly due to better profit ram the sale of rubber and ilghfi
      165 words
    • Article
      U. Malayan Flour profit up 38pc
      310 11 UNITED Malayan Flour Mills (UMF) has reported encouraging results for the first six months ended Jan 31, mo, indicating that the group may have partly overcome the effects of increased costs of raw materials and keen industry competition. Group profit before depredation was ahead
      310 words
    • Article
      Bright prospects for Aokam Thai
      409 11 AOKAM Thai Ltd (ATL) has Just completed its first full year of operations and results turned in suggest that prospects (or it are bright For the financial year Just ended, the company produced 27,589 piculs or 17 per cent of Thailand's total production. Sales of
      409 words
    • Article
      Pan-Electric
      45 11 THE iswe of 3.52 million new shares at $1.60 each will raise Pan Electric's paid-up capital from $19.89 million to $21.65 million, and not $23.4 million as earlier reported. The company's share premium account will be raised from $3.87 million to $6.19 million. F
      45 words
    • Article
      Lock icon Enterprising OUE
      625 11 Map by HOCK LOCK SIEW THERE were strong indications at the interim stage to June last year that the final results for Overseas Union Enterprise (OUE),* owner of Mandarin Hotel, would be pleasing. The recently published results were certainly not disappointing. For the year to December 1979, OUE
      by HOCK LOCK SIEW  -  625 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      174 11 Montpelier International Properties Secure Investment Fast Capital Growth INVITATION to be a man of property. To mw guaranteed high growth secure investment opportunities. To find out how you can profitably invest in selected properties in the South of France, Spain, Portugal and Florida in the U.S.A. Ms. Elfi Vuco, Director
      174 words
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  • Article
    Jakarta may see further inflation
    791 12  -  PETER O'SULLIVAN INDONESIA'S economy may see further tafia tton unless the government can curb prices of basic goods which have Jamped overnight following last week's decision to Increase domestic fuel prices by 90 per cent. In the market place, there has been aa' immediate reaction
    791 words
  • Article
    Lock icon HONGKONG RAISES INSURANCE LIABILITY
    104 12 AFP THE Hongkong ligMeltvr Council ysslerday passed a motion to increase the maximum contingent liability of the governmentowned Export Credit Insurance Corporation from HKJ2 billion to fU billion. "Failure to rate the limit would re—lt hi the corporation having to turn away further business," explained the
    AFP  -  104 words
  • Article
    Lock icon Carter, Reagan win two state primaries
    321 12 AFP, AP, US PRESIDNBT Jimmy Carter and Ronald Reagan mound stffl doner to bring nominated for president by the Democrattic and nepuoocan parties oy win* ning the primary elections in Nebraska and Maryland, incomplete vote counts yesterday indicated. Victories in the two state primaries
    AFP,; AP,  -  321 words
  • Article
    PUB confirms that it is studying alternative fuels
    278 12 THE PUBLIC Utilities Board yesterday confirmed that it was studying various fuels, Including coal, liquefied petroleum gas and different grades of fuel oO for generating electricity. The PUB statement follows a rtiisf— Timet report that the Board was Investigating the feasibility of
    278 words
  • Article
    Lock icon March on US consulate
    68 12 UPI MIDDLE East students stated a demonstration against the US Consulate In Shanghai, the first against any American diplomatic iMUfcllMi in China since the two countries normalised relatione. About X) to 30 Middle East students marched on the new consulate in Shsnghsl last Saturday, a US
    UPI  -  68 words
  • Article
    LONDON STOCKS
    796 12 LONDON, Wed. Equities closed firm but government bonds ended easier after moderate activity, dealers said. At 2 pm, the FT Index was up 1? at 4M.1 Government bonds feQ up to V* point in technical reaction to recent firmness and on disappointment over UK march average earning figures.
    796 words
  • Article, Illustration
    Lock icon STUDENTS HIT THE STREETS
    417 12 Agencies THOUSANDS of South Korean university students yesterday poured out of their universities to demonstrate in the streets in protest against martial law in the country. Police were outnumbered and unabled to block 1)1 >,m of students marching into the streets arm in arm, chanting anti-government
    Agencies  -  417 words
  • Article, Illustration
    JAL to maintain frequencies
    357 12 JAPAN AIR Lines (JAL) will not cut down on its services or frequencies to this region despite soaring costs of fuel which nam account for shout one-third of its operating costs. JAL's president, Mr Shizno Asada, said yesterday that although services to this are* are not
    357 words
  • Article
    Lock icon Bid to extradite Nasir
    343 12 UPI THE government of Maldives began final preparations yesterday for the extradition of former president Ibrahim Nasir, who is living in exile in Singapore after allegedly plotting a coup attempt with former Special Air Service British commandos. Indications of the extradition filing emerged on Tuesday as
    UPI  -  343 words
  • Article
    Lock icon Inaction in day of action
    169 12 AP. DUBBED "day of action" by labour unionists opposed to the economic policies of British Prime Minister Margaret Thatcher and her Conservative government, yesterday appeared to be a day of inaction for many of Britain's 26 million workforce. But whether they stayed off work because
    AP.  -  169 words
  • Article
    Japan may take closer look at strict trading policy
    196 12 JAPAN may reappraise its restrictive commodities act. This follows a visit to the country by a Rubber ftssorlstlfsi at (RAS) mission. Commodities trading b Japan is still highly restrictive but as the suthwities become more aware of the importanoe of complementary
    196 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      211 12 Catching New Booms Gold or Computers Both will Follow tho Same Formula Inve*tor« in both gold and growth stocks have been subjected to major *ocks since early spring the Bunker Hun dver sellout in the first instance with snnouncemeiits is ATAT*s release to enter data nini'—lll4 having subsequenty sparked emotional
      211 words
    • Advertisement
      Page 12 Advertisements Column 2
      0 12 &'`}>=+^${[=?$,\}*>`=~[-(~>_+`:
      0 words
    • Advertisement
      Page 12 Advertisements Column 3
      270 12 Industrialist Announces Breakdown Reporters covering the story were surprised when they arrived at the press conference to be met by the visiting American company president, drink in hand and bellowing "Yam Seng". The industrialist who obviously had been celebrating all morning with his Singaporean partners, was asked the reason for
      270 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      65 12 [[WEATHER 1 Outlook tor Singapore from 6 sum. to 1 p.m. today: Showers in several places torn late morning. RmnH br M ham pritr to 1M pjn. M Maj 14 it mt alrpart. Maximum temperature Associated humidity ft Minimum temperature ...25.2 Associated humidity 98 Hours of sunshine BJS Rainfall in
      65 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Conferences raise CAFs
        102 13 Reuter THE shipping conferences covering trade between Europe and India, Pakistan and Bangladesh said they are raising the currency adjustment (actor for the westbound vessels to 34.50 per cent from 32 per cent and for east bound vessels to 40 per cent from 37.50 per cent. The
        Reuter  -  102 words
      • Article
        Lock icon Aussie ports paralysed
        110 13 Reuter SHIPPING movements in most Australian ports have been halted by a nationwide strike of harbour pilots. A spokesman for the New South Wales Maritime Services Board said the pilots walked out on indefinite strike at noon (0200 GMT) yesterday in a dispute over a pay claim.
        Reuter  -  110 words
      • Article
        Lock icon Ferry contract
        31 13 Reuter STATE-OWNED shipyard Cantieri Navali Riuniti of Italy said it has signed a 29 trillion lire contract to build a ferryboat for the state railways, Ferrovie Dello Stato. Reuter
        Reuter  -  31 words
    • Article, Illustration
      SCI to start new Madras-Far East container run
      536 13  -  By LINDA CHEE THE STATE-OWNED Shipping Corporation of India (SCI) win introduce a direct semi-container service between Madras and the Far East at the end o( this month. Regular monthly sailings will be made from the base port of Madras in the
      536 words
    • Article
      Cuba halts talks on Flamingo
      171 13 CUBA has abruptly broken off tafts on its slaking of a Bahamian patrol boat, in which four aw died, that the WiH—was a plot by the US Central Intelligence Agency. Bahamas R* l Affairs Minister Paul Adderley on Tuesdsy said US-Cuban problems had nothing to
      171 words
    • Article
      INDEX TO ADVERTISERS
      552 13 Um Pa«« Cal SUppiag Um Cal Adriatic Afea All trans Alpac Angkutan ANL APL Argentine ASCL Asia Merchant Ranir T Jno BBS Ben Line Ben Ocean Ben Asia Benbulk Blue Funnel Burmese CAVN-FMG Ceylon Shpg China Nav China Ocean CMCR Cnan Colombo Cont Combo Line Codt Shpg
      552 words
    • Article
      Greater demand for PSA credit
      564 14 A FACILITY enjoyed by port users long before the Port of Singapore Authority was crested, is growing more popular Judging by the increasing number of users on its roll. This is the credit facilities extended by the port authority to port users shippers, consignees, shipping
      564 words
    • Article, Illustration
      Another hydrofoil ship
      78 14 TIE SOVIET UNION to fMMte ljpfc#dl Mt«r vMeh am toft Ike »fl|rw»j <1 Hi G««rgiJUi ridpmv i—ittw ti kjMdb w« tenet et —f—HntllyMINM fhlh ge—e Shyinfctto, pwuhl wlee glvlag ontakf rsirsirsss toftMHtaiflMSeetßd <tot<to|»lnwir. The MNa Kĕmet» l/efllirLlL U? peeeeegere ei epeed e( 0 kiets. Nlekitnei the rassnss^
      78 words
    • Article
      Container Schedules
      1023 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival Is advised by the 8hlpplnf 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
      1,023 words
    • Article
      LONDON FREIGHTS
      1343 14 GRAIN shippers on Tuesday covered cargoes from the Great Lakes to Antwerp/Hamburg Range at $31 JO do completing St Lawrence $25.20 do lor May/June also May at $32.25 and $25 25fk> for June. Other grain bookings included US Gulf to east coast Mexico at $21 do for May
      1,343 words
    • Article, Illustration
      Lock icon Meeting to examine second canal proposal
      940 15 Reuter A MAJOR international conference to examine the proposal of a second Panama Canal will take place in Panama this summer. Some 1,300 interested parties are expected to attend the gathering from Auk 17 24. Many will be from the United States and Japan
      Reuter  -  940 words
    • Article
      Brisbane's modern terminal to begin operations in August
      275 15 BRISBANE Amalgamated Terminals, which will operate the first container terminal at the Fisherman Island port development at the mouth of the Brisbane River, is investing more than A|B million in its new facility. Work is proceeding to permit the terminal to begin
      275 words
    • Article, Illustration
      SHIPS IN PORT
      376 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Feng Tao (1130 hauls 50m East after Lupin hauls) 33/34 Golden Eastern (0600 after Neptune Jasper) 23 Heogh Orchid (1500 after Feng Tao hauls) 31/32 King)ragon (0530 hauls 99 after Iweri) 25/26 Lucky Dan (0600 hauls) 40/41 Lupin (UOO hauls after Lucky
      376 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2650 19 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      2,650 words
    • Article
      The Consortia
      136 19 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. •K' Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS AUSTRALIA): Australian National Line. Australia/Straits Container Line. Nedlloyd Lines.
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      WORLD SERVICES
      256 20 «ÜBQT&CANAIIA: Is now an additional call at Halifax on its South Atlantic container service with fully cellular tonnage. The 860 TEU TFL Enterprise and TFL Express are maintaining a fortnightly schedule with a six-day direct transit between the UK loading port of Bristol and Halifax. The vessels then
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    • Article
      Summit Venture's engines were in "full reverse"
      314 20 ENGINES on the phosphate ship Summit Venture were thrown Into full reverse minutes before the 185metre ship smashed into the Sunshine Skyway bridge, killing 33 persons, the ship's captain testified on Tuesday. He also disclosed that two harbour pilots were aboard the ship
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      PORT CONDITIONS
      921 20 C ALGESIA I s "Algiers, Oran, Skikda an I Annaba May 8, waiting I time al between 5-15 days. L ANGOLA May 8, 7-10 days delay. May 8, no delays. K ABGENTINA Bahia Blanca May 4, 9 vessels waiting for berth -«-■with 17 days delay. TO vßuenoa Aires
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      WHO ACTS FOR WHOM...
      1393 20 The leading shipping lira »perattag torn leeal porta and tbe agents whe handle earge beekings for them. A-B Adriatic OhUw Continental Feeders (S)/Cargo Freight (PK). ARA Singapore Sblpptng Agencies (S)/Euro-Aaa Line (PK/PN). AIM C. Titfkr Sea Consortium (S)/Marintex Enterprise (PK). Alpse Intrasea (S)/Yeo Shpg and Trading
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  • Page 13 Advertisements
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      350 13 Ul QRANARD LINE INDEPENDENT- ATTRACTIVE RATES MXMTEIUbWEAM/EASTASJA SERVICE accepting container cargo -fcl only FOR. PORT SAID, ALEXANDRIA, BEIRUT, LATTAHA. IIMAMOI. ISTANBUL A PIRAEUS Specially engaged agents A stevedores providing immediate discharge. lIMUI SfHPPWfi MERCIES PTE LTD. TEL ***** V (5 Lmks) i \rdim \\i 11 SAJJL/^q LW* Orient Overseas Co*dcjMeA
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      313 13 631 fe ift! SEALORI) ANTAH 4 UASC UNITED ARAB SHIPPING CO SAG) 'H <M i~L I.>B It EXPRESS MULTI-PURPOSE SERVICES FATNULKHMR V.17 AL YAMAMAH V.15 Oubai (13/6), Damnum (15/6), Kuwait (17/6). Shuhaiba (19/6), Abu Dhabi (22/6). Doha (25/6) I Dubai (19/6). Damnum (22/6), m Kuwait (25/6). Abu Dhabi (28/6). f
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      0 13 }>}_"]<[.=&*@@^/]{:^'\&,**=@&%{
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      612 13 cnan AUn-ri.tr i N.itiOll.il Liru WE SERVE MEDITERRANEAN AND ALGERIAN PORTS m Ageflts 11 J —mint IMB i in—i *r_? AfIEKV PTE. ill. r Tet *****4(5 lines) SINGAPORE MAERSK LINE EXPORT TO US. PACIFIC. GULP, ATLANTIC, EAST CANADA AND ASIAN PORTS I 111 a r i vi JI3DC3IE *CY 21/1700
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      605 14 LEO SHIPPING PTE LTD SINGAPORE PERNAS MISC SHIPPING AGENCIES SDN BHD PORT K F.LANG PENANG HEAD OFFICE: WISMA MISC TEL: NO: KL *****8 MALA VSIAN NTERNA TfONAL SHPPHG CORPORA HON BERHAD W* *PJMM| M B. OAM. IA I PEMGA I. OAMJA 1) G'bwi 2) Kfe«| 3) r<« 4) rtm 5)
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      Page 14 Advertisements Column 2
      243 14 SUPERCARRIER SERVICE RMMI Mi •a/s 17/5 im TV* w% 2-3/1 2/7 7/7 1/7 1711/4 17/7 22/7 24/7 tan RM M 27/« 11/7 12/7 »/7 27/7 IM Mi 2/7 4/7 17/7 19/7 1/1 4/1 SINGAPORE CALIFORNIA EXPRESS CONTAINER SERVICE ONLY 22 DAYS OWaMta ItmK |Uih|MM totartM/NW taNi MB MM FO.Il/SMM 17/5
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      797 15 ljfl|kk Overseas. I Containers Limited Weekly service to/from UK/Europe hM FJMmi Vmmk Mem ibfm II May (la Ikm nta 21M* Uta 141b 27 Mr 13 to IS km n nm mm kmi n* Bay IM 25 M 27 M rtm Vwmp leMaere 9to Ukm 15 171* II to It km
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      Page 15 Advertisements Column 2
      448 15 rlo Franco Belgian Services <F.r F<i<! Fr?*:ch >« rvtct iih B< r.ar. F.> Kns.itrn Lint* mmm t. ttm 11 br nib) km ibj nb) »»r siM lilm n Sb 4 7br I lite M 'to. fftef BUm* l*wp Ma Kto| IHnh i'N) UNm PJUb( fpn lb lb lb lib a
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      492 16 Hapag-Uoyd StJUmffm tmm tfW| Nm Mm Mm 1/C 2/1 4/6 23/6 10/7 13/7 7/7 5/7 J/6 7/7 9/7 30/6 28/6 nUT CONTAMEMSED TO fiEWM/TttSTI S>M P.I 24/5 25/ Cmm TntMt 15/6 23/6 CMGO N lIUMIK atf NRIS «M IWUMHM) COMCT M T«TO* T COHTMOBQ) FROM EUROPE WW| rw«' Na I
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      590 16 KOREA LINE SHIPPING CORPN f. KtiMf ALTAR 151W 12/15 May ALTAR 152E 12/15 May VEGA 149* 30 May/2 Jim IS/19 May F(M BUSAM BANGKOK 16/19 May TO BUSAN MCHON 3/7 km FOR BUSAN BANGKOK 3/7 June TO BUSAN VEGA 150E 30 May/2 June 3/7 June TO BUSAN PENANG CALL SUBJECT
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      Page 16 Advertisements Column 3
      510 16 EVERGREEN LINE f FAR AST EUROPE EXPRESS fUll CONIAINER SERVICE 1 ACCEPTMG CARGO FOR: HAMBURG. FELIXSTOWE. ROTTERDAM ANTWERP. IE HAVRE ALSO ACCEPTMG CARGO FOR: UNTED KMGDOM SOUTHAMPTON. LONDON, MANCHESTER. BIRMMGHAM. BRSTOL. LIVERPOOL. GLASGOW. LEEDS WESTGEfHMNY mmma HOLLAND Vpn 111 I i'i Mn) U Hmt (mi UN M Iby 13 kw
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      622 16 r 0 s\ y 3 A A i V Everett Lines Burma Five Star Skip#in« Carpa. "BURMESE NATIONAL LINE" LOADING FOR RANGOON mmtmm 21/31 My lt/21 Iky 17/11 My zvnm t/11 km B.F.S.S.C Agents n Motoyuo TEPS MALAYSIA Campania ArgtntiM D« SP->I N«»«—ti«« Itwrtwfl 1 A. C.I.F. "ARGENTINE NATIONAL LINE"
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      Page 16 Advertisements Column 5
      425 16 T2LO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD SANKYO LINE AUSTRALIA SERVICE «ranr_ mi cmp. P. Mmi Skaim LmAh kr M PORT SA&E) mi, it. MEL 11/12 Mi 13/15 Mi Vlt, ML. MQ BANGLADESH SERVICE AKHD. 5/10 Mm OCTAGONS, JAPAN/STRAITS SERVICE SET IST T* CWTALSTM SaM ta Part 17/111 21/22 May KUIPIC
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      689 17 PIL GROUP EAST AFRICA/REDSEA SERVICE J SING APORE/CH!TTAGONG RANGOON/SER VICES Loading For Chittagong. Madras SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES SINGAPORE/INOONESIA/SINGAPORE SERVICES S.E.A. Container Feeder Service SINGAPORE/HONGKONG/MANILA ACCEPTABLE LCL/FCL CONTAINERS/ ALSO AVAILABLE 40-FT REEFERS. FOR HKG 'JIZ'ZZILL m ?2J *n Pakistan National Shipping Corpn. Karachi Pan Islamic Steamship Co. Ltd. Karachi Pacific International
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      Page 17 Advertisements Column 2
      787 17 I BEN LINE CONTAINERS TO BMP! SSE EXFRESS CtMIMO «WCt TO/FROM EUROK KMC B'WKII ROAM H*VW SOTON K S pan P Uw| WGaraaay/ A«tne Aahfca Fraan Al U K Enaa. IVS l/i l/l 11/1 12/1 iln 21/5 12/1 14/1 15/1 17/1 11/1 I Eipreaa 27/5 14/1 U/l 17/1 11/ l
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      Page 17 Advertisements Column 3
      505 17 Dutch? 3r nmr J FKQm SCAN/Mr/inr^grv IMtaiDnqDrwDMi S)M QMafifir M M M M kPM SSL S 1! !P— l M M M M M hM an mam mm u/s ij/j n/s 7/1 SfL» 55 im w w w a/s jua ®®n a/5 a/5 a/i n/i i/i v» aa Aarfcas 3)
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      Page 17 Advertisements Column 4
      506 17 ir BOUSTEAD SHIPPING AGENCIES THt BANK LINE. LTD LOADS FOR E. ft S. AFRICA 1» ft/14 17/20 29 *r M Pert Ek. Eatf Laaiea mt CW) »/n Mr 12/u Mr 2i Mr M Pert Eta. Eatf LmM mi Clan) lIS. GULF COAST SERVICE (New Orleans, Mobie, Houston, Gatveston) HUM LTKES
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      Page 18 Advertisements Column 1
      728 18 K LINE KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA rem «sar m UM NPert MMn iUN bW bM Mai i Act 20N 26/5 29/5 America I no items n u 27/5 c/c 27/5 VI 27/5 11/ 31/5 M/l 31/5 10/1 7/1 30/ i2/c 22/0 17/1 27/0 CarfMi
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      Page 18 Advertisements Column 2
      472 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE tar: LOS MOLES. SM FMNCBCO. SEATTLE TACOMA. VANCOUVER. IC Acttplni FCL/FCL CMaMn u» W WET KB 14 JK IS Am 11 tM AUSTRALIA EXPRESS CONTAINER SERVICE ActifMl FCt/TCI CaMaMn NEW ZEALAND SERVICE ITTTUTOA. IKUJBTaL WCXUW in Fa/fa mm hwi P. MMI jGaZ I
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      453 18 (»roup SINGAPORE SHIPPING AGENCIES PTE LTD »o'h fiOOH OC lAM BUH D NG SINGAPORE 1 MARMTiNG UH(Si GtNEBAI 91 3111 114 LINE Si Tilt* RS*4S9S «S iSSfeS A 8 C A HSMIP •CA 8 l E CARGOSMIP ltv<|iiNinl (liHilainiT liiiH's WEEKLY CONTAINER SERVICE to/from BANGKOK VOY S POPE (Wed) nun
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      Page 18 Advertisements Column 4
      472 18 GRANARD LINE INDEPENDENT ATTRACTIVE RA TES MEDITERRANEAN SEA SERVICE ALSO ACCEPTING CONTAINER CARGO FCL ONLY FOR PORT SAID. ALEXANDRIA. BEIRUT, LATTAKIA, UMASSOL. ISTANBUL A PIRAEUS Specially engaged agents A stevedores providing immediate discharge UKON*wrOMV 31».._ Jnj. Fan* STM im S 2" MAN S«K rm 29 M Nrttit LiHjkii Mtijndru +Cafc|
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      520 18 f INTRASEA (PTE) LTD. House 23JE Orchd'd Poad Singapof 9 Telephone 2352 M 1 *****^ 7 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE 10K/M (MOD BOUOOE/W (AVON) HTRASEA (TIC) LID *****11 BOOOK *****57 YEO SMK ft TRADMG *****4. *****2. *****8 I f*l; 1,1 'TMH'-t rH Jl mm. ma u rookue
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      398 19 TO EUROPE/UK (VIA SUEZ): |s>« N. CORAL+ 16/5 t CONTMCR 20/5 L JAOJM 25/5 TV BRBGE 30/5 HICM. 3/6 C.PRML 8/6 mCATOi |15/6 Abo accepting c»|o to/from Scandinavia N. CORAL S'pore Closing Times: Fa Cario 2100 15/5 La Cargo 0900 15/5 TO ANO FROM AUSTRALIA: 4 JAKARTA f. KELANG AOELAOE
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      Page 19 Advertisements Column 2
      112 19 NOTICE r* FAR EASTERN FREIGHT SARAH, BRUNEI AND SARAWAK FREKNT CONFERENCE iil[h W."' i. REFERENCE IS MADE TO THE NOTICE IN THE PRESS ON SATURDAY, 2ND SEPTEMBER, 1978. THE MEMBER LINES OF THE ABOVE CONFERENCES HAVE NOW ADVISED THAT PORT CONDITIONS HAVE DETERIORATED AND HAVE RESULTED IN UNDUE DELAY TO
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      230 20 WORLD LINE iJvjl I Mai Cm Afent PBHOJi MIT 1W Tdt 383M/3M3tf/MS7W/3H7W •T Sm to -VmSST 128 bt Md on 19ft M* SO I Pmm Ml 302 tro« OMQ Id 12M Nd fwtlw anq bt to* lniqu*> SHIPPING TRADING CO (PTE) LTD 66/68 Cacti Strut Singapore 1. Tal *****22 <14
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      79 20 KARLANDER (AUSTRALIA) PIT. LTD. sanfco Iram East »!?L» •■v UN* 3/4 km, VI km 7 km 11 km S/»M 11/11 M anm NMPOtS SMPTM6 TeL ****** f. fatav rewS&C TaL H *****1/4 U *****7/4213W/42M25 THE NEW STRAITS SHIPPING CO (PTE) LTD MANILA SERVICE ETA S'POtt LOMJMG FOR: M.V. MCVK ROK
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      103 20 NOTICES EVERETT STEAMSHIP CORPORATION 8/A "Paleverett" Vn. B-E Hwf af Smn: paa. Gte. a w Ceneral Survey on damaged cargo discharged ex the above vessel wiU be held on IMh May 1980 at 8 30 a m No further wrvey will be held after this date. L A r i
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  • Page 20 Miscellaneous
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      150 20 XvWC 2t CS T 21 •I X-X-Xv tt: Regional Weather x x L" it.^l sza 4 r >b#N 2°a> 4< v' Xv^v.10S 100E SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AJI. THIS MORNING. R, Thuhderslorm Temperature °C Shower Weather Wind direction with speed in knots Rato Dew point *C Wave
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