The Business Times, 21 February 1979
1979-02-21
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The Business Times
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Title Section9 1979-02-21 1 BUSINESS TIMES M.C.(P) No. WEDNESDAY FEBRUARY 21,1979 50 CENTS9 words
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BRIEFLY...
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Article23 1979-02-21 1 A SEVEN-MAN United Nations Commission for Namibia will arrive in Singapore tonight. It will call on Foreign Minister S. Rajaratnam tomorrow.23 words
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Article64 1979-02-21 1 AP. VIENNA, Tues. Austria and the Philippines today signed a trade agreement that provides for the most favoured nation status for both countries under the terms of the UN General Agreement on Tariffs and Trade. The accord provides for promotion and expansion of mutual trade and economicAP. - 64 words
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Article61 1979-02-21 1 Reuter. FRANKFURT, Tues. Lurgi Gesell-Schaften, one of West Germany's leading engineering firms, will set up an ammonia plant in Indonesia worth about 100 million marks (SJIIO million), the company said today. The order was placed by Indonesia's stateowned PT Pupuk Kalimantan Timur Company. The plant is designed toReuter. - 61 words
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Article60 1979-02-21 1 WASHINGTON, Tues. The US presidential Council on Environmental Quality, in a report with far-reaching implications, said today the US can maintain healthy economic growth and at the same time, cut annual increases in energy consumption to almost zero. The- report, titled: "The good news about energy," contradicted most60 words
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Article67 1979-02-21 1 Reuter. BANGKOK, Tues. Asean countries today revealed a plan for providing one or more islands in their region to act as a centre for Indochinese refugees on their way to resettlement in other countries. Indonesian Foreign Minister Mochtar Kusumaatmadja released a statement here on behalf of Asean whichReuter. - 67 words
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Article43 1979-02-21 1 UPI. PEKING, Tues. The Chinese Foreign Ministry denied today that Chinese troops are withdrawing from Vietnam. A ministry spokeswoman said Deputy Foreign Minister, Mr He Ying, had not announced troops had begun to withdraw because their mission was accomplished. UPI.UPI. - 43 words
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Article55 1979-02-21 1 Reuter. TOKYO, Tues. The Bank of Japan sold an estimated 20 million dollars on the Tokyo foreign exchange market today when the American currency surged to its highest level in two weeks. Dealers said the central bank intervened when the rate touched 201 yen, slightly up on theReuter. - 55 words
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Article48 1979-02-21 1 UPI NEW YORK, Tues. Prices moved higher early today in moderately active trading. The Dow Jones industrial average, which lost 0.69 point on Friday, was ahead 1.30 points to 828.30 around 11 a.m. Advances led declines, 493 to 437, among the 1,409 issues crossing the tape.UPI - 48 words
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Chief Price Changes
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Article142 1979-02-21 1 Rises O C B C 790 15 M Banking 625 10 F N 515 10 O U B 338 10 Esso 402 8 Gentings 330 8 Sime Darby 318 8 High Low 360 6 Tan Chong 284 6 K L Kepong 250 6 U O I 218 6 Tronoh142 words
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Article, Illustration140 1979-02-21 1 Rises Sg Besi 710 25 Oriental 590 20 Nat Iron 640 15 OCBC 805 15 Consplant 402 10 Mai Bank 625 10 Berjuntai 775 10 Chin Teck 235 09 l.ingui 118 08 S Darby 320 08 Dunlop Es 402 08 Falls Slh Mai Tin 1060 -50 A Hitam140 words
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Article637 1979-02-21 1 RONNIE LIM - SISIR CLINCHES DEAL By RONNIE LIM SINGAPORE and Canada have just tied up a technical and industrial cooperation package, which should result in greater technology exchange as well as more business and joint venture manufacturing projects between the two countries, Or Lee Kum Tatt, chairman of637 words
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Article156 1979-02-21 1 AFP MALAYSIA and Japan yesterday signed an air service agreement which allows Malaysian Airline System (MAS)to fly its Airbuses into Narita airport from Nov 1. The agreement also provides a reciprocal arrangement allowing Japan Airlines (JAL) to operate into Malaysia with "equal capacity rights". The director-generalAFP - 156 words
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Article484 1979-02-21 1 QUEK PECK LIM - By QUEK PECK LIM THE CONSUMER Price Index registered a fall of nearly one per cent in the first month of this year, reversing a trend that has been evident for at least three years. In previous years, the CPI figure in January was always484 words
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Article168 1979-02-21 1 Reuter JAPANESE banks are offering a US$6 billion (5J13.02 billion) six-month refinancing facility to supplement their proposed $2 billion syndicated loan to the Bank of China, banking sources in Tokyo said. Under the proposal, the Japanese banks would lend dollars to the Bank of ChinaReuter - 168 words
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Article71 1979-02-21 1 UPI. SENIOR Japanese government officials have agreed to draft a response to US demands for access to. industrial commodities. Six Cabinet ministers met yesterday to discuss Nippon Telegraph and Telephone Corp (NT) which has barred foreign purchases of its high-qual-ity electronic equipment, officials said. The USUPI. - 71 words
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267 1979-02-21 1 POREIGN Minister S. Rajaratnam hu emaciated Singapore's stand m the Indochina conflict aad waned that nnless the statu quo is established "things could develop to a poiat when events eaaid be out of eaatrai la ladoehiaa with repemissions outside of267 words
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508 1979-02-21 1 HONG LEONG Finance is consulting its advisers and the Securities Industry Council (SIC) concerning the validity of the lastminute acceptances lodged by the United Overseas Bank (UOB) in respect of a large block of Sinfin shares. Hong Leong, which has emerged as the clear508 words
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Page 1 Advertisements
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Advertisement31 1979-02-21 1 whatever you need in mensvvear,get itat... MOHAN'S DEPT. STORE (PTE.) LTD. 321, Orchard Road "let *****22 (next to Mandarin HoM) Branch: lOl.'Tangiin Shopping Centr* *****40 Daily 9am-9 pm SEE THIS PAGE31 words
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Advertisement54 1979-02-21 1 FRATA N6WS FRATA CONSOLIDATION SERVICE SINGAPORE U.K. ROTTERDAM HAMBURG LCL AND FCL SERVICE WITH CONTINUOUS RECEIVING AT OUR WAREHOUSE FOR FREIGHT RATES SCHEDULES AND BOOKING PLEASE CALL MR. TAN KAY HOCK MRS. JUDY TEO MISS MAY JUAN FRATA SHIPPING PT€. LTD. Suite 801,8 th Floor, World Trad* Centre, Maritime Square,54 words
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Advertisement73 1979-02-21 1 SHIPPING TIMES PLYWOOD makers squeezed by x BUDGET smiles tram m&nofaclag prices 2 tarers 1 ONAMBA wire processing plant 2 Ir 14 FEPC hw «d 1" —T l-t-x KING A Shaxsan takes local BANKERS lask hopefully to shadings 11 H0a....... PELS is uadaaatod 11 LETTER to Edit0r.................... 7 ASEAN to73 words
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Advertisement220 1979-02-21 1 SINGAPORE BUSINESS The Business Magazine Leader...Page S SEE BACK PAGE 0 X t The Editor 4C —a robust, yet very elegant, machine The heavy-duty Editor 4C is built for continuous use This is a very tough, fast typewriter that is easy and reliable to operate. It's trouble free. And it220 words
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TRADE AND INDUSTRY
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Article469 1979-02-21 2 COURSES AND TALKS Jan 3-Feb 21: Statistics for Insurance Employees, SITC, SITC Feb 5-Apr 14: Diploma in Life Insurance, SITC, SITC Feb 17-Mar 3: Marketing for the secretary, SIM, SIM Feb 19-20: Cost control for managers, Ming Court, Price Water house Feb 20-23: Principles and practice of management,469 words
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1007 1979-02-21 2 JOHN LIM - By JOHN LIM GENERAL LOG prices have hit an all-time high, forcing 1 up plywood prices for the second quarter of this year. Local plywood manufacturers fear that the market may not be able to absorb this increase and are keeping their fingers crossed for1,007 words
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Article, Illustration215 1979-02-21 2 THE Overseas Assurance Corporation has promoted two of its employees to assistant life superintendents. One of them, Miss Jenny Lee, will be in charge of Policyholders' Service Unit 11. An economics graduate, Miss Lee joined the company in 1977 as an understudy. She enrolled for the Life215 words
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160 1979-02-21 2 THE JAPAN Trade Centre ■(Jetro) has published a guide for overseas exporters trying to break into the Japanese market. It is called Japan's Tariff System and Customs Procedures, and concentrates not only on the general tariff system, but also outlines the import procedures that160 words
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Article, Illustration137 1979-02-21 2 AUSTRALIAN scientists have made easy one of the trickiest tasks faced by the do-it-yourself handyman laying bricks correctly. They have developed big, light-weight indented bricks that, using little mortar, can be slotted together like child's plastic building blocks. The bricks lock themselves into their correct position very accurately,137 words
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365 1979-02-21 2 FOO CHOY PENG - By FOO CHOY PENG ONAMBA KAKO Manufacturing, a Japanese manufacturer of electrical wires, has set up a processing plant in Singapore to take care of the local market and, at a later stage, the United States and the EEC A wholly-owned subsidiary of365 words
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132 1979-02-21 2 A FOUR-man delegation from the Singapore Centre of the Institute of Bankers will attend the institute's centenary celebrations in London on March 5 to 9. It will be led by the centre's newly elected president and chairman, Mr Tjio Kay Loen, who succeeded Dr Tony132 words
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Article99 1979-02-21 2 THE INDUSTRIAL Training Board has launched a survey to find out the demand for and training requirements of fibre glass workers for the next five years. The survey, covering 24 companies manufacturing fibre glass, is expected to be completed in two months. It resulted from a request99 words
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Article67 1979-02-21 2 THE Port of Singapore Authority (PSA) will conduct a Port Administration and Operations Course from March 5-23 for senior and middle management personnel of ports and related industries. The course will be held at the PSA Conference Hall at PSA Towers. The objective of the course is to67 words
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Page 2 Advertisements
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Advertisement181 1979-02-21 2 THE HILTON PLAYHOUSE PRESENTS DINNER THEATRE FEBRUARY 26th, 27th, 28th MARCH Ist, 2nd, 3rd LONDON'S WEST END COMES TO SINGAPORE. JOHN LE MESURIER MOYRA FRASER PATRICIA BRAKE ROBIN CHADWICK CAROL HAWKINS DEL HENNEY BARRY JUSTICE JENNIFER WILSON w "BEDROOM FARCE" by Alan Ayckboum The Hilton brings you the best of181 words
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Advertisement149 1979-02-21 2 Far East Red Sea East Mediterranean Morocco Portugal Italy Far East Their names are "Songkhla", "Sum, bawa", and "Tyala". Three new multipurpose/container ships with a tonnage of ***** DWT, a capacity of 745 TEUs, and a flexibility to carry unitized and breakbulk cargo. The new service will start on the149 words
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Page 2 Miscellaneous
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Miscellaneous639 1979-02-21 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Keeps those old retainers (6) 7 Judge too highly the bowlers' speed (4-4) 8 As worn by an officer out West (4) 10 Showed touching signs of uncertainty (6) 11 v Like a new star given a name (6) 14 Arm-hole (3) 16 Player639 words
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REGIONAL
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519 1979-02-21 3 Reuter, UPI AFP JAPAN will send a big mission to Thailand to help promote Japan's imports, the Ministry of International Trade and Industry (Miti) announced in Tokyo. The 85-member importpromoting mission, to be led by Mr Bunichiro Tana be, president of Mitsubishi Corporation, aReuter,; UPI; AFP - 519 words
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358 1979-02-21 3 Reuter. THE OUTLOOK for the Hongkong economy this year is mixed, with a possible decline in real growth to 7 or 8 per cent from the double-digit figures of recent years, according to the Hongkong and Shanghai Banking Corporation's quarterly report. It citedReuter. - 358 words
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Article, Illustration41 1979-02-21 3 MALAYSIAN Prime Minister Datak Hussein Onn lights a cigar after a traditional northern Thai dinner in Chiangmai with Thai Prime Minister Kriangsak Chomanand. The two leaders held three days of talks from Monday. UPI photo. UPI photo.UPI photo. - 41 words
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Article237 1979-02-21 3 UPI PRESIDENT Ziaur Rahman of Bangladesh, whose party will hold two-thirds of the seats in Parliament, says his government will follow the same policies under civilian rule as it has under martial law. Speaking to foreign reporters on Monday night, General Zia said he foresees no changesUPI - 237 words
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Article98 1979-02-21 3 CHINA plans to produce some 300 new lines of "goodquality" consumer goods in the next two years, the official Hsinhua News Agency reported yesterday. Hsinhua said they will include quartz watches, highfrequency automatic calandar watches, multi-gear speed bicycles, multiple-pur-pose sewing-machines and automatic washing machines. Output of other98 words
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149 1979-02-21 3 INDONESIA and Canada on Monday signed a technical cooperation agreement ta Ike field of electricity worth C 52.77 million (akoat 554.98 million). Tke Canadian aid will be spent oa ike Lake Senlanl hydro-power generating project In Indonesian New Galnea, the Aeek steam 'power projects149 words
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532 1979-02-21 3 UNDER the genera] rate increase (GRI) of 8 per cent to be applied by the Far Eastern Freight Conference (FEFC) from April 1, Malaysian dry rubber and latex will get some concessions which mean the actual increase will be 6.1 per cent over532 words
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243 1979-02-21 3 UP| JAPAN'S steel imports in 1978 leaped 66 per cent over the previous year to 368,000 tonnes because of the yen's appreciation against the dollar, industry officials said yesterday. The officials said foreign steel products are presently priced as much as 20 perUP| - 243 words
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Page 3 Advertisements
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Advertisement348 1979-02-21 3 In tlu- past. a chairman or conipanv dirci tor lot>kinu for .1 new car would m most cast's make a scire ti< >11 tr» mi Jaguar. M ercedes (>r B.M Not anymore! Now there's the b()4,an incredibly opulent means ot transport from Peugeot. A car that any influential person would348 words
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RAW MATERIALS
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Article, Illustration915 1979-02-21 4 NYT. CHEAP and abundant electric power and huge deposits of bauxite have given Australia a competitive edge in the current expansion of the world's aluminium capacity. Eager to raise its overseas earnings, the government last October imposed controls on exports of raw and semiprocessed materials,NYT. - 915 words
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Article379 1979-02-21 4 THE SINGAPORE rubber market yesterday closed easier with March One RSS buyers quoted at 246.50 cents per kilo, down 2.25 cents on Monday's close. Prices fell fractionally during the afternoon on lack of definite news about China's offtake and reserve of buyers. Values eased further after the close following379 words
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Article402 1979-02-21 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyer* Sellers Int. 1 R.S.S. prompt f o b. 246.00 247 00N 245 50 246 50N Int. 1 R.S.S. March 247 00 247.50 246 50 347.00 Int. 1 R.S.S. April 248 50 249.00 MOO402 words
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Article124 1979-02-21 4 NOON SSR and SMR prw-e veaterdav RAS March April iCurreat Mthk (Foi rward Mtk) Bu>era Sellera Buyera Sellera SSR ill ll-lun pallet) 237 50 239 50N 238.50 240 SON SSR tl ti>n pallet) KM.SO 236.-SON 235 50 237 SON M RKLB SMR V II-Iini pallri) 250 50124 words
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Article72 1979-02-21 4 C.I.F. North European porta, in US dollars per ton unless otherwise stated i LONDON: Mon Previous Malaysian 5%ffa bulk per tonne April unch 899s Ir Sumatra 5* ffa bulk February unch 735slr March 715pd 720slr April 705/710pd 710Bir May 695/700pd 700*ir June 690pd 665s lr July unch 655pd72 words
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Article69 1979-02-21 4 THE STRAITS tin price in Penang yesterday rose Ms2o per picul to $1,906, $206 above the International Tin Agreement ceiling. Dealers said the rise reflected the firmness of Monday's London market and some European and Japanese demand. Lower supplies of tin concentrates from miners aided sentiment with total69 words
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Article30 1979-02-21 4 Rubber: Feb 20 Singapore: March: 246.50 cents (down 2.25 cents) Malaysia: March 249.50 cents (down 2.50 cents) Tin: $1,906 (up $20) Official offering: 180 tonnes (down 22 tonnes)30 words
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Article131 1979-02-21 4 TRADING on the sugar futures market yesterday continued Monday's quiet trend with closing prices unchanged from opening, dealers said. There were no trades registered throughout the day, the same as on Monday. Sugar futures closing prices. CMst Pruts— Clastac Mch 865 9.15 8.60 9.10 May 905 35 900131 words
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Article323 1979-02-21 4 DEALERS remained generally non-com mi ta) at the Singapore produce market yesterday. With most of the foreign buyers still showing no buying interest, there was very little inducement to trade. The only commodity that was very much in demand was coconut oil. Neighbouring countries, particularly Thailand and Taiwan,323 words
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Article300 1979-02-21 4 SINGAPORE: Yesterday's closing prices in SS per kilo, ex-godown: THAI WHITE: 100 pet first claw (Kangaroo) new crop O.K. 100 pet second class 0.6. 100 pet third class 0 83, 25 pet new crop no stock. B-10 pel 0.75. THAI BROKEN: A-super 0 62. Special 0 56 THAI RICE:300 words
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Article195 1979-02-21 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattaa yara: China Blue Phoenix 20s 2.370. 32s 2.900; 40s 3.100 (per bale of 400 lbs) Piece gaoSs: China Butterfly and Globe brand unq. Dragon Head unq; Five Lambs unq; Flower and Butterfly195 words
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Article125 1979-02-21 4 UPI AN AUSTRALIAN government trade mission left Canberra on Monday to survey the feasibility of establishing a pilot sugar farm project in China. Deputy Prime Minsiter Doug Anthony said the 11member mission is the first to go to China to look at pilot agricultural projects.UPI - 125 words
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Article862 1979-02-21 4 OILSEEDS: Brokers reported generally steady oils and oilseeds market yesterday, but said trading interest was generally quiet in front of Chicago openings. Light dealer purchasing interest was noted for Dutch soybean oil which made 131.50 guilders per 100 kilo 6 for May July deliveries while crude palm oil862 words
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Article, Illustration664 1979-02-21 4 Reuter, RECORD rice crops in the US and several major producing countries in Asia are expected to lead to only a small decline in world trade this year compared with 1978. Disclosing this in its weekly magazine, Foreign Agriculture, the US AgricultureReuter, - 664 words
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201 1979-02-21 4 LONDON hrahers Gill aad Dallas estimated yesterday that there wmM be a sarptas aI 42,Mt taaaes mt cecea alter the 1918-71 crap twice as mach as they forecast ia December as crap praapeeta Improve. This flgare eempared with the appreciable ieflelt which dealers la geaeral201 words
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Page 4 Advertisements
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Advertisement82 1979-02-21 4 That's United States Lines' weekly service from Singapore U.S. Lines' vessels serving Singapore are brand-new and contain their own shipboard cranes which permit your shipments to move in and out of the country with speed and efficiency. Once a week, every week, we offer you our quick and dependable service82 words
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OVERSEAS
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Article309 1979-02-21 5 AFP FINANCE ministers of the European Economic Community (EEC) predicts somewhat faster growth in the EEC this year but "unfortunately", see no hope of a reduction of inflation, French Economy Minister Rene Monory said. Speaking after a session of EEC finance ministers, he saidAFP - 309 words
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615 1979-02-21 5 Reuter, AFP WEST GERMAN economic growth this year is likely to rise a real 4 to 4.5 per cent, the industry-backed Cologne Economic Institute (IW) said. This is slightly more optimistic than the 4 per cent GNP rise forecast by the government, thoughReuter,; AFP - 615 words
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182 1979-02-21 5 AFP THE IMPENDING visit to China by the EEC Commission president "confirms and strengthens the importance attached by the Community to China on both the economic and political levels," an EEC spokesman said on Monday. Mr. Roy Jenkins, the first Commission president ever to goAFP - 182 words
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Article771 1979-02-21 5 ARRIVALS Service Local Operator Number Time From TMA TL375 0530 BEY DXB BOM KUL SLA SQ101 0815 KUL MAS MH607 0845 KUL MAS MH671 0915 KUL CPA CX710 1005 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL SIA SQ209 1045 HLP THAI771 words
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230 1979-02-21 5 AFP PRICES of raw materials exported by developing countries fell last year, according to the United Nations Conference on Trade and Development (unctad). Expressed in current US dollars, the price index for the raw materials was down by 7 per cent, comparedAFP - 230 words
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88 1979-02-21 5 THE AFL-CIO executive council said President Carter's anti-inflation programme could not succeed in holding down inflation. In a statement «n the economy at its annual winter meeting, the executive council said the programme "does not have a comprehensible, effective, enforceable system of controlling prices.88 words
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Article658 1979-02-21 5 NYT THE CURRENT trade negotiations, which could bring sweeping changes in the way the world conducts its business, still have a number of hurdles to cross, despite the optimism of the US President's special trade representative. Mr Strauss recently said the negotiations are 98 perNYT - 658 words
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WORLD IN BRIEF
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Article695 1979-02-21 5 Agencies j THE US Defence Secretary Harold Brown said he had reassured Saudi Arabia, Jordan. Israel and Egypt that the United States would play a more active role in the Middle East after the revolution in Iran. BRITAIN'S grm domestic predict fell by aboat UAgencies - 695 words
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Page 5 Advertisements
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Advertisement185 1979-02-21 5 All available Units in Phase I sold Prime Units in Phase I were over-subscribed. Reservations for Phase II now accepted. Development Sequence Site Plan I Photograph of the model ot the proposed ultimate protect with Phase IV m the foreground X m N u ft X ft m W t185 words
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440 1979-02-21 6 THE TRANSFER of technology between countries is a process which carries its own mystique. Many are the words that have been spoken about it, few the successes attending its implementation. Translating the process into reality with a high degree of success and440 words
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Article346 1979-02-21 6 THE LINE between right and wrong in matters affecting stock exchange practice is seldom anything but blurred. In the heat of the takeover battle this already blurred line takes on, frequently, the proportions of a massive grey area encompassing the whole of a given346 words
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Article, Illustration1125 1979-02-21 6 QUEK PECK LIM; QUEK PECK LIM - Bankers are not expecting the Finance Minister to make any radical changes in regulations for the Asian Dollar Market in this year's budget. Nor do they particularly want any adjustments in this sector. However, as our Financial Correspondent, QUEK PECK LIM, reports, Mr Hon is1,125 words
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Page 6 Advertisements
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Advertisement238 1979-02-21 6 m APOLLO HOTEL Havelock Road, Singaore 3 Tel: *****1 AMBASSADOR HOTEL ***** Meyer Road. Singapore 15, Tel: *****11 CENTURY PARK SHERATON Nassim Hill, Singapore 10 Tel: *****7 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****66 COCKPIT HOTEL 6 7 Oxley Rise, Singapore 9 Tel: *****1 GREAT EASTERN HOTEL 401238 words
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Advertisement19 1979-02-21 6 EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR 9 or reservations rinq *****3 extn 253619 words
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Page 6 Miscellaneous
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Miscellaneous89 1979-02-21 6 I KNOLO I <rJOW V DON'T GO ON THtRt I UftS F\ P«6O*JT pvn office. ooe<e£ uwo GonnmifircD ooi~Rr<J2. *ND Before noj SPM pwcrfcw* 000« D l£T PX-TfeOJ- NOo \'Cn S*C>t WD F€D Op— L NO. NO GC3T TMC UfcoKb PBO&gPrrme u 1 Tl A TU6 U3PS T cm PUD89 words
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Miscellaneous872 1979-02-21 6 TV&RADIO Star-gazers' delight LETS krigktca ap RTS's llstlag prtgnmmM far tadgM: GEOLOGISTS, SPACE EXPLORATION PANS aad DOCUMENTARY ADDICTS 4* Nt miss Horizon at I.Slpm aa Chaaael 5. Tealgbt, ye* will be takea aa a Jaaraey through apace, lata the deep aakaawa, aal yaa will be shawa* the Uttle that are872 words
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1441 1979-02-21 7 JOHN TAN - BUDGET OUTLOOK Continuing his look at the background against which the Finance Minister will have drawn up his Budget proposals, Business Times Economics Correspondent, JOHN TAN, concludes that manufacturers have no grounds for being gloomy but warns that a great deal hinges on1,441 words
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Article, Illustration990 1979-02-21 7 FEW FISCAL changes can realistically be expected in the transportation and communications sector. Budgetary incentives are no more necessary than are controls. The bulk of economic activity in these two areas is accounted for by statutory bodies or government-owned companies. And there is little990 words
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527 1979-02-21 7 Letter to the Editor Dear Sir, I feel that your leader "Can banks square up to the POSB" (17/2/79) fairly asks the question whether commercial banks, even if given the same tax-free deposits status of POSB, can match up to the latter's services527 words
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Article367 1979-02-21 7 CAN we hope that Sugar Industries of Singapore will one day have the opportunity to hire either a Mr. Pepper or a Mr. Hott. Then, with some luck, Mr. Pepper or Mr. Hott of SIS could, at a cocktail party, be introduced to the current managing367 words
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Page 7 Advertisements
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Advertisement309 1979-02-21 7 and where to entertain "COME, WINE AND DINE IN THE MANNER FIT FOR IMPERIAL LORDS" Now. there s a place where von can really feast like the Imperial Lords The Chinatown Restaurant Serving the best of S/echuan cuisine Shanghainese Peking and Cantonese sp«-c lalities Our chef from Hong Kong promises309 words
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Advertisement75 1979-02-21 7 ORCHID INN 214 Dunearn Road, Singapore 11 Tel: *****2 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAFFLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 Tel: *****4 SINGAPURA FORUM HOTEL 585, Orchard75 words
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INTERNATIONAL STOCKS
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Article153 1979-02-21 8 AFP. TAIWAN Machinery Manufacturing Corporation (TMMC) signed a collaboration agreement with British Perkins Corporation to produce diesel engines for heavy-duty trucks in Taipei. The agreement follows a recent accord between TMMC and Chrysler Corporation of the United States for the heavy-duty trucks project. Under theAFP. - 153 words
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Article109 1979-02-21 8 Reuter DU PONT said its board voted to increase the quarterly dividend to US$l.5O a share from $1.25, payable on March 14 to holders of record Feb 28. The increase is in line with the proposal announced last month by company chairman Irving SchapiroReuter - 109 words
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Article87 1979-02-21 8 Reuter. MARUZEN OIL and Kansai Oil have signed a merger agreement, under which Maruzen will absorb Kansai on Oct 1. Maruzen said the merged firm will be based in Osaka with a capital of 20.47 billion yen and refining capacity of 392,500 barrels a day, 6.6Reuter. - 87 words
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Article244 1979-02-21 8 Reuter. LTV CORP has staged a recovery with a fourth quarter profit per share of 42 US cents against a $1.07 loss previously. It made a net profit of $8.8 million compared with a loss of $15 million in the same period in 1977. Revenue rose slightlyReuter. - 244 words
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376 1979-02-21 8 NYT. AT CHRISTMAS time, the West German colour television market had the ingredients of a good old-fashioned price war: slow sales, bulging inventories and high prices. The war never occurred, however. Instead of cutting prices, the country's colour television manufacturers have beenNYT. - 376 words
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218 1979-02-21 8 UPI DEMINEX, a West German oil firm, has offered to buy part of an equity held by a major Filipino oil exploration company. Oscar Manuel, executive vice-president of Oriental Petroleum and Minerals of the Philippines, said his company has received a cable dated Feb.UPI - 218 words
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201 1979-02-21 8 Reuter. CARLTON and United Breweries said its first half result was adversely affected by the 32 per cent rise in excise on beer announced in the last federal budget in August 1978. A 12-week strike at its Brisbane plant also adversely affected sales andReuter. - 201 words
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Article804 1979-02-21 8 WHILE homeowners here and elsewhere strain over their snow shovels, the Toro company in Minneapolis is substantially increasing domestic snowthrower production and is moving to exploit the homeowner market further. The shares, meanwhile, have doubled in recent months, and a debate is under way in Wall804 words
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Article122 1979-02-21 8 Reuter B.F.GOODRICH has reported that 1978 fourth quarter profit jumped to US$2O.3 million, or $1.20 a share, from $5.9 million, or 37 cents a share, a year earlier. For all of 1978, Goodrich posted a profit of |70.1 million. or $4.39 a share, up fromReuter - 122 words
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Article92 1979-02-21 8 XEROX will contest a proposed additional tax liability US$BB million for 1172 and 1*73, the company said alter receiving notice of the adjustment from the Internal Revenue Service (IRS). The tax question relates primarily to the depredation life of xerographic copying and duplicating equipment, Xerox said. The92 words
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Article267 1979-02-21 8 FEB 19 Rand INDUSTRIALS A Alpha 140 Abercom 241 AE And CI 400 AMIC 1290 unch -13 unch unch Ttg Oats 1230 Tongaat 300 Trust Bk 46 Un Steel SO Unlsec 130 Wool worth 485 MININGS Anglos 753 10 unch unch -4 -15 -I Cg Sugar MO 5 Anglvaal267 words
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Article401 1979-02-21 8 THE market ruled mixed yesterday and after falling to ASIO.4S in early trading. BHP made a partial recovery to close at $10.55 for a net loss of 10 cents, dealers said. The stock was again actively traded with turnover totalling about 180,000 shares in. Sydney and 87,000 in Melbourne,401 words
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Article213 1979-02-21 8 FEB 1# C* Abitlbl Alcan Algoroa Bulk Mont Bank Nova Scotia Bell Tel Beth Corp BP Can Ltd Braacan Camp Red Lake Can Imp Bk Can par Can par In* Pf Carting O'Krefe Comlnco Cons Bath Cons Marbenor Dankoe Denlson Dom Stores Dom Tar Dome Mines Falconbrldge Falconbrldge Cop213 words
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Article348 1979-02-21 8 Source: SHK Sec TRUE to usual form, the market confounded analysts by staging a major rally yesterday. Some sentimental buying on reports of Chinese withdrawals from Vietnamese territory was seen and once the firmer tone was set, speculators continued the trend. All sectors gained sharply, but Jardine came underSource: SHK Sec - 348 words
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EUROPEAN MARKETS
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Article190 1979-02-21 8 FEB 19 Francs Action* Sulsaes 2W unch Alusulsse Br. 1445 25 Alusulsse Reg 588 5 Brown Boverl Br 1800 5 Clba Geigy Br 1290 5 Clba Geigy PC 1015 unch Cite Geigy Reg 70S S Credit Suisse Br 2305 10 Credit Suisse Rec 450 1 Elektrowmtt Br 2045 35190 words
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Article185 1979-02-21 8 FEB 19 FIs ABN ***** -4 Ahold ***** -1.1 Akzo 3120 0 .5 AMEV 91 20 12 Amfu ***** -08 Amrot Bank 7620 -1.1 Bergo&s 54.50 unch Berk *84.70 -02 Bo Is 69 50 -02 Borsumlj 166 50 unch Burhmann 72.30 unch Byenkorf 8720 -0J Calve Delft 172.40 -2185 words
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Article287 1979-02-21 8 FEB 1# Frs C'ORBEILLE Air-Liquide 379 90 -01 B S N Ger»ais Danone 485 5 C8F < ThomsonCsf) 366 2 Cle rnncitte des Petroles 138 70 +02 Compagnie Financier* Corapagnie 378 I Generate Credit Foncler -05 De France 426 Hachette (Ubralrle) 224 unch Machines Bull 56.30 unch Mlchelln (B)287 words
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Article222 1979-02-21 8 FEB 18 Dm Aef-Telefunken C7.10 -0.7 AfcBO 2900 03 Allz Leben ***** -4 Allz Vers 480 00 -1 BASF 132.70 Bay H T Wbank 276 00 Bay Vbank 282.60 0.1 Bayer 136 00 BBC 285 00 BMW 223 70 Cassella 306 00 5 Chem Verw 255.50 -23 Commerzbank 206222 words
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Article94 1979-02-21 8 FEB 19 Frs KOKWAKI) MAKKKT Acec €30 -1 Arbed 2300 30 Astur 090 2 Brasran 472 7 Bru-Lamb 1820 15 Canpac 620 Cock 490 unch Or Beers 212 unch Ebes 2435 unch EJectrobel 6N0 -20 Gb-Inno-Bm 2550 -30 Ge» 1380 -6 Hobok 2950 -10 Petro 3915 -10 Ryl Dutch94 words
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Article106 1979-02-21 8 FEB 19 Lire Ante 3375 -1.25 Assoc Gen 250 Baslofi SI4 tA Centraie 4460 150 Fiat 2700 Finsider 184 4 Gen Immob 57 -2 IFI Prl 2170 50 Ilalcemenii J ***** *790 I taiga* 780 14.5 Italsider 423 10 5 M M Pf 545 13 Maxell 1 Etc 222106 words
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Article596 1979-02-21 8 TOKYO Source: DBS-Daiwa THE MARKET continued bearish yesterday on relatively light volume, since most investors remained on the sidelines because of the current clouded economic backdrop. Forerunning chemical, resources-related issues and auto-parts issues lost ground under profit-taking pressure. However, cancer-cure-relat-ed issues and pharmaceutical issues suchSource: DBS-Daiwa - 596 words
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Article264 1979-02-21 8 THE market closed mixed yesterday with a slightly easier bias, dealers said. Asia Credit fell 16 baht to 386, Jalaprathan Cement six to 201, Siam Cement four to 450 and United Flour Mill 26 to 366 Raja Finance rose 50 baht to 1,680 and Mah Boon Krong six to264 words
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Article129 1979-02-21 8 THE market on all sectors went down across the board yesterday, dealers said. Turnover rose to 10.1 million pesos from Monday s 7.4 million pesos. FEB 20 Peso* Acoje Mining 0105 unch Atlas Con. A Atlas Con B. 24 80 4-0.1 Baguio Gold jon -0 0005 Benguet Con B129 words
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Article65 1979-02-21 8 FINANCIAL TIMES INDUSTRIALS Monday 460.3 Friday 455.3 Week Ago 460 7 DOW JONES AVERAGE INDUSTRIALS Monday closed Friday 827 01 Week ago 823.98 LONDON DOLLAR PREMIUM Monday 88 T to89'« Friday 89'; to 90 H.K.HANG SENG Tuesday 521.46 Monday 509.92 Week ago 562.22 SYDNEY INDUSTRIALS Tuesday 486 9565 words
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Page 8 Advertisements
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Advertisement242 1979-02-21 8 KaSuper-salesman'triestoseil you a minicomputer,test him with our Benchmark Program. O A tricky business, computers Buying a computer these days is a difficult and confusing matter. There are so many to select from, so many different sizes and capabilities. As well as a lot of fast-talking that can even mesmerise an242 words
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BANKING AND FINANCE
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602 1979-02-21 9 Reuter PHILIPPINES Central Bank governor Gregorio Licaros would like to see a move towards more freedom in foreign exchange operations for offshore banking units (OBUs) in Manila. Commenting on suggestions by foreign bankers in Manila that the OBUs would welcome greater access toReuter - 602 words
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264 1979-02-21 9 BRITISH government bond prices forged ahead on Monday with the help of both domestic and foreign buying throughout the list which resulted in fairly uniform gains of one full point and more. The bull trend took market levels above the price of £96 on264 words
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496 1979-02-21 9 Reuter INTEREST payments on. loans to Iran have been delayed in recent months, but Iran is not technically in default on loans, Barclays Bank chairman Anthony Tuke said. Delays in payments from Iran are likely to be the worst that foreign banks andReuter - 496 words
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Article, Illustration228 1979-02-21 9 CANADIAN Finance Minister Jean Chretien said the Canadian government signed two syndicated loan agreements with Japanese banks and insurance companies. One is for a 10-year 35 billion yen loan at 7.1 per cent and the other for a 20year 35 billion loan at 7.5 per cent. The228 words
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645 1979-02-21 9 INTERNATIONAL monetary and legal experts are examining the possibility of China and Taiwan splitting the China membership in the International Monetary Fund and the World Bank. The compromise would be for China to hold the seat on the World Bank while Taiwan kept the645 words
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Article254 1979-02-21 9 THE ladastrial ud Cmmerelal Baak (ICB) raises its prime leatfag rate (PLR) today by li per eeat tn 8 per eeat, making this the highest rate set by a local haak to-date. The haah's iaterest rates oa saving deposits and time deposits will alas254 words
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Article54 1979-02-21 9 MR Geb Cbeag Lteag ft director A*U Cemmerclftl BibHi CwpmdN wishes to irftw fttteattoa to the ted thftt be ia m< nueeM with Yew Uh Development. TV eempftay ni MM u member «f Hi pup Ift ftft article m A CSC mi Febraary t».54 words
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MONEY AND EXCHANGE$
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Article487 1979-02-21 9 THE US dollar was traded up against major currencies on the foreign exchange market yesterday after a relatively quiet morning. Against the yen, it opened at 200 70 80 and was taken up marginally to 200.90/00 at Tokyo's close. London's opening saw the dollar stronger, at 201.10/20 and487 words
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Article90 1979-02-21 9 THE US dollar yesterdau firmed from London's overnight closing levels in quiet late trading. Dealers said the US unit rose in line with the trend in Tokyo, but uncertainty over events in Indochina and Iran caused considerable nervousness and restricted activity. Banknote rate* quoted on Feb 70 US 490 words
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Article181 1979-02-21 9 Asian rates ASIAN currency deposit interbank rates as at close on Feb 20: 7 days 1 month 2 months 3 months 6 months 9 months 12 months L'S Dollar*)Spot) Offer Bid 10 7/16 10 5/16 10 s 10'. 10'. 10 s 10 15/16 10 13/16 113/16 11 1/16 11'. IP.181 words
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Article52 1979-02-21 9 Range of price* offered by discount houses on Feb 20: Overnight 4*< to 4' ■'< Call deposits to 4' Closing Buying Selling 3 month Treasury bills 4 7/16 4 5/16 3 month Bank bills 711/16 7 9/16 3 month CD 7'. 7'< 6 month CD 7'j 7'» Source: National52 words
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Article59 1979-02-21 9 FRANKFURT exchanges opening quotes on Feb 20: US 1 8590 8600 (1 8548 58) Can 1 5550 TO Stg 3.715 725 D Fl 92 48 58 S Pr 110.75 Ut 2.211 221 F FY 43 30 40 N Kr 36 40 SO B FY (con) 6 338 348 B59 words
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Article314 1979-02-21 9 SINGAPORE gold futures yesterday closed generally lower after fluctuating marginally throughout, in moderate trading, dealers said. Turnover fell slightly to 247 lots from Monday's 270 with interest centred on April and June contracts. April closed easier at U*****.80/252.00 an ounce compared with the overnight $254.30 60 close, June closed314 words
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Article226 1979-02-21 9 THE DOLLAR yesterday opened firmer against major j currncies than in late Far East trading and at Monday i night's close, dealers said. I But the US currency then eased in quiet, early trad- I ing. Operators were nervous over events in Iran and Indochina and were unwill- i226 words
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Article210 1979-02-21 9 THE US dollar for overnight delivery yesterday closed firmer at 201.20 yen, compared with a 200.70 opening and 200.40 at Monday's close, despite continued Bank of Japan intervention to support the yen. The Bank of Japan sold an estimated US$5O million to $60 million throughout the day at 201.00210 words
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Article67 1979-02-21 9 QUOTES on the Australia and New Zealand exchanges on Feb 20: AUSTRALIA US dollar 1.1335 1.1287 Sterling 0 5679 0.5615 Ninety-day airmail buying rates: Sterling 0.5819 US dollar 1.1726 Ninety-day forward buying rates: Sterling 0 5754 US dollar 1.1414 NEW ZEALAND: Reserve Bank midrate 1 0541 Trading Bank indications:67 words
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Article21 1979-02-21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.75 per cent.21 words
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Page 9 Advertisements
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Advertisement98 1979-02-21 9 Frequent changes in the I foreign exchange market J make updating our E prices and giving you thef best rates a vital part of® our service. And being awtifa multi-national we can offer you firm afl highly competitive ratX of exchange. What make© us different is our individual approach to98 words
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DEALS DONE ON THE SES AND KLSE
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Article1311 1979-02-21 10 BID and offer prices officially lifted and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett Big Board deal1,311 words
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Article90 1979-02-21 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. Hune P E (March $1.45) (0.338 0.395). laefceape (March 11.30) (0.318 0.375). Paa Electric90 words
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Article133 1979-02-21 10 4 1/2% 1/8/80 (250.000) (***** 99.485) 4 3/4% 15/9/80 (250.000) (99.628 99.755) 5% 15/4/81 (250.000) (***** 99.755) 5 1/2% 1/5/79-81 (250.000) (100.558 100 60S) 5% T 1/5/83 (250.000) (100 108 100 20S) 5 3/4% T F 15/6/81-84 (250.000) <102 JOS) 5% 13/11/84 (250.000) (100.008 *****S) 7% 15/4/85 (250.000)133 words
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Article153 1979-02-21 10 SINGAPORE UNIT TRU8T (Maaagen* prices far Pek tl) The Commerce 2.14 2.27 The Saving Fund 1.34 1.42 S pore Prog Fund 0.94 0.99 S pore Sec. Fund 1.74 1.84 S pore Invest Fund L22 1.29 INCOME BOND UNIT (Carreat prices) Income Bond 1.14 1.20 MARA BUMIPUTRA FUND (Maaagen'153 words
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Article2556 1979-02-21 10 Gr'a Gr'a Net 1978/79 Company Laat Div Div YMd P/E Vol Div nigh Low Sale or- Cvr COOO) High Low SECTION ONE INDUSTRIALS 272 132 Acma 222 12.0N 13 5.4 24.1 190* 123* Alcom 189 4 10.0 2.2 53 14.0 2 189 189 178 107 Allied Choc2,556 words
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Article1361 1979-02-21 10 i BID and otter prices officially i Hated and business In and i reported to the Kuala Lumpur Stock Exchange yesterday with j the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified INDUSTRIALS Ajiaemete (2.608) Alcorn (1 938 1.945) (1)1,361 words
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Article, Illustration697 1979-02-21 10 PRICES staged a signlflcaat rally la quiet and featureless trading at the Stack Exchange af Singapore yesterday. Bat they closed off best. Valume was aa the law side, reflectiag the very eaatlaas attltade that prevailed after the alarming overnight decline. By aad large,697 words
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534 1979-02-21 10 SOME afternoon jitters marred the good recovery on the Kuala Lumpur stock market yesterday and prices pulled back to close with marginal gains across a broad front. Trading was generally slack, suggesting caution on the part of most market operators. Turnover was 2.21534 words
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COMPANY NEWS
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Article, Illustration1038 1979-02-21 11 ANTHONY TAN - By ANTHONY TAN FAR East-Levingston Shipyard (FELS) is not forlorn on its future prospects despite having gone through the worst in its 11-year history in the year just past. With recently secured orders totalling $50 million, the company which specialises in rig building1,038 words
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330 1979-02-21 11 A DIRECTOR of King Shaxson Fund Managers, a UK-based company which specialises in the management of UK government securities, has visited Singapore to gauge the interest here in these funds. The funds operate on the line of unit trusts in that a330 words
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Article464 1979-02-21 11 WITH TRADING In Associated Plastics Industries shares m« suspended for some II nmntltt, shareholders most be wondering what's happen lng. The shares were placed an the designated list an May 3 last year and suspended the fall*wing day after heavy speculation saw prices shooting op464 words
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Article, Illustration349 1979-02-21 11 ASSOCIATED Plastics Industries has climbed back into the black with a group net unaudited profit of $75,000 for the year ended Dec. 31, 1978, compared with a loss of $1.76 million the year before. This represents a turnaround of some $1.83 million reflecting greater349 words
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Article197 1979-02-21 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Temerloh 3.5% I Feb 6 Feb 16 Feb 22 3.5% 13.3%(a) A Molek 20% Feb 2 Feb 12 Feb 23 20% 20% Sri Dredge 20% I Jan 31 Feb 10 Feb 25197 words
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Article122 1979-02-21 11 fompanx Particulars Ex Date Book* Close MBS Rights Issue of 1 for 2 STP (1875) S2 00 per share Feb 7 Feb 19 Bonus Issue of 1 for 3 Feb 13 Feb 20 Scl Nut Bonus Issue of 2 for 3 Feb 28 Mar 10 P. Products Bonus122 words
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587 1979-02-21 11 THE merger of Malayan Oxygen Bhd. (MOL) and Far East Oxygen (FEO) two unlisted public companies which are among the largest and most established producers of industrial gas in Malaysia will be concluded on March 1. The new company, to be named587 words
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434 1979-02-21 11 WL. by HOCK LOCK SIEW FOR THE alt-rig building Industry, the euphoria af the kNO yean af 197MV74 la a thing af the remote paat. The realities a< the preaeat are nawhere felt mare hy rig ballders than In the wartdwtde sarplas af aUby HOCK LOCK SIEW - 434 words
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EXCHANGE ANNOUNCEMENTS
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Article90 1979-02-21 11 in a reply to the KLSE regarding its proposed bonus issue of two-for-three, said that profits for the first six months of the current financial period showed an improvement of about 24 per cent over profits for the same period last year. The company added that it does90 words
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Article49 1979-02-21 11 announced that its rights issue of one-for-two at $1.50 per share has been fully subscribed. Total subscriptions including applications for excess shares came to 5,322.000 ordinary shares valued at $7,963,000. Applications for excess shares were for 560,191 shares and a total of 338,191 shares has been allotted.49 words
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Article24 1979-02-21 11 has informed the KLSE that the Foreign Investment Committee has approved the sale of 800,000 shares in Fancy Tile Works Bhd.24 words
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Article67 1979-02-21 11 has meanwhile announced that it is now a subsidiary of Hong Leong Co (M) Bhd. In view of this. Fancy Tile's financial year-end will be changed to June 30, to be in line with Hong Leong Co's financial year-end. This change will be effective from the67 words
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Page 11 Advertisements
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Advertisement350 1979-02-21 11 ijij Mn! A HOME? Then look for it in Business Times classified property advertisements an easy to read guide to the available properties at the top end of the market. Home-hunters are especially catered for in the new LEISURE TIMES supplement that comes with Business Times every Saturday morning. If350 words
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491 1979-02-21 12 Reuter A LEADING Philippines banker has strongly criticised the limited extent of economic and industrial cooperation achieved so far among the five Asean nations, claiming that after 11 years it has still not moved from "square one". In a paper prepared for aReuter - 491 words
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Article90 1979-02-21 12 Reuter THAILAND WILL propose about 37 projects to the European Economic Community for joint investment during the second Asean-EEC Conference on Industrial Cooperation to be held in Jakarta from Feb 26 to 28. Official sources in Bangkok yesterday said the proposed projects would be in the fieldsReuter - 90 words
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Article199 1979-02-21 12 PRESIDENT Carter offered his first broad defence of a US Soviet arms treaty but warned the Kremlin that interference in Iran could jeopardise Russian relations with the US. He declared that the nearly completed pact is "a fundamental element of strategic and political stability in199 words
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Article286 1979-02-21 12 PERKINS Engines Group is entering the last phase of negotiations with the Philippine goverment on the group's venture to manufacture diesel engines in the Philippines. Discussions are centred on the future timetable of operations, the locallymanufactured component content of the engines, investment and transfer286 words
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Article799 1979-02-21 12 LONDON, Tues. Government bonds and share prices retreated from the day's highest levels to close marginally higher as buying interest dried up and profit-taking set in, dealers said. At 3.00 p.m. the Financial Times index was up 2.1 at 462.4. Government bonds were up to 3/8 point higher799 words
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Article, Illustration384 1979-02-21 12 Reuter ASEAN yesterday called far a step te fighting In Indechlna and withdrawal ef all foreign ferees from areas ef conflict, and appealed te outside powers te refrain from acts that conid widen the hostilities. The call was made la Bangkok by Indonesian Foreign Minister Mechtar KnsnmaatmadjaReuter; UPI Photo. - 384 words
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131 1979-02-21 12 AFP THAILAND and Malaysia yesterday agreed in principle to the delineation of the Thai and Malaysian territory on the continental shelf in the Gulf of Thailand, Thai Foreign Minister Upadit Pacharyangkun announced. The demarcation of the area where oil and naturalAFP - 131 words
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Article281 1979-02-21 12 Reuter THE EFFECT of Iran's revolution on world oil prices and supplies will be discussed at a special OPEC meeting in Geneva on March 26, oil industry sources said. The consultative meeting by envoys from oil producing countries was an-' nounced by OPEC president and UnitedReuter - 281 words
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455 1979-02-21 12 JOHN TAN - By JOHN TAN ASEAN will push for a declaration at the Unctad V Meeting in Manila that the Australian international civil aviation policy is a protectionist device. The five member states will additionally meet with the Australian authorities before the Unctad meeting in455 words
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Article85 1979-02-21 12 THE JAPANESE government yesterday decided to send Mr Naohiro Ayama, director-general of the Natural Resources and Energy Agency, to the International Energy Agency's (lEA) directors meeting to be held in Paris on March 1 2. The lEA meeting is to discuss the international oil situation following85 words
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Page 12 Advertisements
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Advertisement168 1979-02-21 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are quoting the following for Singapore Dollar tear deposits up to SS2SO.OOO 1 month W«% p.a. 3 months 6V«% p.a. 6 months 6V«% p.a. 9 months 6V«% p.a. 12 months 67z% p.a. Savings 4%% p.a.168 words
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Advertisement75 1979-02-21 12 Just pick up the phone end Emery picks up the responsibility. When you're busy meeting deadlines, controlling inventory, hounding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as seriously as you do. That's Emery Air75 words
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Page 12 Miscellaneous
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Miscellaneous58 1979-02-21 12 |WEftT=HER^ Outlook for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 prior to 7.39 p.m. on Feb 29 at the airport. Maximum temperature 32.1 Associated humidity 60 Minimum temperature 23.7 Associated humidity 98 Hours of sunshine 8.30 Rainfall in millimetres 0.2 TOTI rainfall for the month58 words
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SHIPPING TIMES
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PORTSIDES
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Article73 1979-02-21 13 AFP FRANCE on Monday handed over to Pakistan an Agosta class conventional submarine in a ceremony at the naval shipyards in Lorient, northwest of France. Pakistan already operates four French-built Daphne class submarines, while the newly-creat-ed Pakistani fleet air arm is equipped with three French Breguet AtlanticAFP - 73 words
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Article80 1979-02-21 13 Reuter SHIPPING line members of the Far East/Gulf of Aden and Red Sea ports conference say there has been an improvement in port conditions at Hoddeidah and Yemen, although berthing delays have not been eliminated. The conference is lowering its congestion surcharge on goods for unloading atReuter - 80 words
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Article102 1979-02-21 13 Reuter THE Greek supertanker Andros Patria, damaged in a New Year's eve explosion off Spain which cost 30 lives, was authorised by the Portuguese Maritime Authorities to enter the port of Lisbon on Monday. Two Dutch tugs towed in the supertanker after its remaining cargo of 167,000Reuter - 102 words
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Article697 1979-02-21 13 RAHIM KASSIM - NOR-SHIPPING EXPO By RAHIM KASSIM THE WORLD shipping industry may not be out of its doldrums yet. But for organisers of international shipping exhibitions,this is as good a time as any to make money. For them, it works both ways. In a booming industry, the optimistic697 words
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Article552 1979-02-21 13 AFP AFTER a hesitant start, there was some improvement in rates and in the level of activity last week on the freight market, with the Japanese providing much of the business. The initially quiet conditions were attributed, in part, to reduced Soviet and Chinese business.AFP - 552 words
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2876 1979-02-21 17 SCHEDULE A guide' to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of2,876 words
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Article500 1979-02-21 17 Shipping line ACS Afea Aguila Alfred All trans Alpac Angkutan A.M. APL Arya Nat ASCL Asia Merchant Aust.Cont Bank Banner BBS Ben Asia Ben EAC Ben Ben Ocean Blue Funnel Blue Star CAVN C.C.C. Central Gulf China Nav. CMCR CNAN Country DSR-Lines Dong Sue Dutch Far East EAC EAC500 words
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Article900 1979-02-21 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the ShiDDine Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the900 words
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Article927 1979-02-21 18 The leading shipping lines. operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CN AN)—Unipacific. Alpac927 words
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Article548 1979-02-21 18 THE PORT of Singapore, now claimed as the third largest in the world, continued to be busy throughout last year. As expected, the total volume handled in 1978 surpassed that of the previous year by some 14 per cent. The volume of cargo passing through548 words
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Article, Illustration177 1979-02-21 18 HITACHI Zosen of Japan recently began full-scale tests in Japan'B coastal waters on an air-controlled floating breakwater. The purpose of this was to stndy its wave attenuation properties and the durability of its anchoring chains. The floating breakwater has sevrai advantages over the conventional fixed type. These177 words
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Article, Illustration365 1979-02-21 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altair (1300) 25/26 Bunga Setawar (2300) 19 Crown Cherry (after Sea Princess) 45 Evermore Ascendant (after Fed or Shalyapin) 3132 Raising (after Sea Princess) 44 Kota Singapura (1200) 42/ Polyxene G (after Feng Yan) 8/9 Talisman (after Maxim Gorkiy) 38 39 Tapah365 words
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Page 13 Advertisements
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Advertisement422 1979-02-21 13 Everett Lines t TNI MOST FIKQUKMT SAIUM6S TO BAM6KOK HONCKOMO JAPAN PUSAN. Evwwtt StMiMNp Cocpn. t/A ChMiPi C I T». 9*4fl 36 Imc* S*'OT* Pm 36 0) OC »C »<>9 T«* 2144T 3 Port XtkM SOCSm.P CO OMO T* *772f <S§» IA R DIMAX I AH vO S'i* Orient Overseas422 words
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Advertisement217 1979-02-21 13 §39! i fll SEALORD ANTAH I UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE! Vessel S pore Loading for H Dubai (12/3). Abu Dhabi (15/3). Doha (18/3). Dammam (24/3), Kuwait (27/3), Mina Al Fahal217 words
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Advertisement381 1979-02-21 13 ■NOL NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE Y CONTAINER 11 iffla TO EUROPE (VIA SUEZ): S poie P »ei C RO7E feb ?3 Te KOREAN i*Cfv»o«?; Feb ?8 Feb M* CONIAMR 7 Mai 8 Mai MERCATOR 1? M« 13 Mai 0 CNKF 17 Mi> 18 Mai S S381 words
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Advertisement769 1979-02-21 13 HONG KONG ISLANDS LINE See Page IV Column 3 tor sailings Agents Singapore Shipping Agencies Pte Ltd 9111?? Genrvjl *****1 •V M sia Euro Asia Line Sdn Bhd *1 P *I*NG itSSO 3 PI MUG *****? MAERSK LINE ■ipij—T) TT IE WW FULLY CONTAINERIZED FAST DIRECT MEEKLY Srnfjpore Dour* Tunes769 words
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Page 14 Advertisements
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Advertisement716 1979-02-21 14 FULLY COftTMOfiED TO EUMPE Ouka Bay Kasafa Man/ Kiiaiu Hani *owtoon Bar Kanakwa kbru to*yo Bay f»tw Rj 24 2 26 2 Maißj 14 3 15 3 Sp»e H«jnt Pen Bftat Genu Hbur| Br« 1/3 31/3 Rdam Antwerp 7/4 4/4 Mai Rj 14 3 15/3 18/3 17/4 10/4 28 4716 words
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Advertisement391 1979-02-21 14 Kkee barber blue Fim us atlantic us aw east canaoa 13/1) 15/ It 21 a 74 27 F«k 21 Fat 24 AprlO *m t s *15 A* 20 *p» r> *1*23 EE"! el 3* •Mu *SMi (EAC) (EAC) MVS I 12-15/3 12 14/4 27/4 15-16/4 30/4 16-11/4 1/5 4/5 noun391 words
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Advertisement612 1979-02-21 14 EVERGREEN LINE FAR EAST/RED SEA MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTHG CARGO FOR GENOA. L ATT ARIA BEIRUT ALEXANDRIA BENGHAZI. TRIPOLI (LIBYA) $>»« 'kttk WWL«u4 ItfkM f« .«M»cr XMs SH>UH>I7M»22«b>MM«»M> nr Hmdun 7kU 21 M» tt» ?l Ma. 2 Apr Apr Kwri) 23 tt» 4 Apr 7%, II612 words
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Advertisement1097 1979-02-21 14 I Everett Lines hum fm Star Skippim Cerpn. "BURMESE NATIONAL LINE" 104MNS FOR RAWCOON lOAOMC FOR RANGOON PhASMWGYAWYWA BFSSC Agent* m Moloysto TEPS MALAYSIA PoftKetaog Tel (381-7355 Penong Tet *****/***** Com pa ma Afftfitim Da |m~V Nmimm hMMriMMS. A. C.I. F. Mr "ARGENTINE NATIONAL LINE" UMMK Fflt MMA ovnom noes1,097 words
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Advertisement660 1979-02-21 14 1 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHFNTON WAV MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 \m SANKYO LINE AUSTRALIA SERVICE F. Ketang Smgafwt Lot* riJE MAN THREE SIM MAY BREEZE Saied In Port SYD MEL M*l 26 Fab/2 Mar 23/25 Feb660 words
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Page 15 Advertisements
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Advertisement519 1979-02-21 15 Overseas ril I Containers Limited CONTAWHSW gHg TO UK/COWCTT CONTAINERS*? SERVICE FROM UK/CONTWENT S ton PKetang Spue ftiif Parta SaM kM MK. US 22 fab HK BU. US SaM 2Mm I*KB .BU SaM 4 Mar tHm m. US 24 Fa* 13 Mar HK T* KB SaM II Kb II Mb519 words
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Advertisement949 1979-02-21 15 bhMWAHU L /n/t RELIABU I KPEMMBIi MM-CONFERENCE EXPRESS SERVICE WEST BOUND FM EAST/MEDITERRANEAN MV MAN TAT 127* Sport P Ktlaag Penang 25 Ft* 21 Ft* MVMANANV24RT 21 Mai I Apr MV MAN HME M2VK Apr 2 May All WSStIS ACCEPT* CONTAMEA CARGO Offtewti Jrtdjti PW Aleii«ndfi« Beirut lattatia/ Piieats Tripoli949 words
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Advertisement559 1979-02-21 15 IK-. BEN LINE CONTAINERS to tarn Ouka I*? lw|i Mani EXPRESS CONTAiER SERVICE TO/FROM EUROPE M BURG B HAVEN ROAM H Spore P keiang W Germany Austria Ant amp Dun i Kn Koefeei b| Kamafcwa Mara Bremen Eiprfll ntcMnaort hburg shaven roam havw soton Germany Austria Bkklui France AH UK559 words
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Advertisement635 1979-02-21 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ Ivi **1 :M 11:1 fl T l 4»7lll :#J: WfcftEK I»] I IfXl Feeder tnm P kttang (and) VtOB 17/1 M/ 3 K M 11/3 TOTA 2) Mm 3) Hb«.| 4) Gburg WEEKLY S/ULWGS^S'TBOUND 4) Antwerp Aatsterdaai IK t) E*c«Mr»a turn*. Basle635 words
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Advertisement648 1979-02-21 15 GUTHRIE BOUSTEAD THE BANK LINE LTD. LOADS FOR E. I S. AFRICA Durban E I JE. Capetown) fROM (AST A SOUTH AFRICA Spore 22, HO* P ««*n, 21 K«U FOR BANGKOK MAM < Penang P Keiang 26 Feb/2 Mar Sport frg 5/25 Feb Penang P Keiang Spore 1/ 5 Mai648 words
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Page 16 Advertisements
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Advertisement924 1979-02-21 16 t K line KAWASAKI KISEN KAISHA. LTD. C BOZt 1?* KOREAN IAaWON 1* HH CONTAMIR 14W MENCATOR 10* 0 CHIEF TO EUROPE S pore P HttiOf t Havre R dam 22 Feb 23 Feb I 10 Mar 11 Mi' 21 Feb ?8 Feb 7 Mil 8 Mil 12 Mif 13924 words
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Advertisement917 1979-02-21 16 U.S.A./EAST CANADA SERVICE ACCEPTf® fa ICE CONTMOS FROM PENRNG. P KELANG STORE Lu*| tar TOM. man Ppnjflg BcUvin P Ktting Sof^jpoc? E.C./GREAT LARES SERVICE loa«« tar NORFOLK WN TORK MONTREU TORONTO Penang Betoaan P «(Unj Singapore VBMVA BHAKTT (NBA 29 SO) »/»F* ta PI/23 FebCALIFORNIA/PACIFIC NORTH WEST SERVICE load* tar:917 words
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Advertisement458 1979-02-21 16 r:r l l f t 4' I*< >1 I 1 SINGAPORE SHIPPING AGENCIES PTE LTD '.fs e, t%t A i A B ARS MI AH.t Ah, SM si\(, ti'oki: isi.asps i.i.st. MIDDLE EAST REGULAR USER L. A SAFE WAV TO SHIP BY SSA RCL Regional Container Lines MEEKLY CONTAINER SERVICES458 words
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Advertisement769 1979-02-21 16 M 7/7, MAI <4 YSiAM »NTf*NAnOHAL SKIPPING CO*PO*ATtON BfPMAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA RESTBOID: *P*elang Spore 1) Msedles 21 Rdam 3) H Burg 4) Gtmrg Aho Acceotme for II Barcelona Genoa Amsterilam Antwerp I Havre Bilbao Baste UK 3) Bremen Bremen*a»eti Aarhuv Cooentiagen Hetonki 4) Malmo Stockholm Oslo769 words
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Advertisement810 1979-02-21 16 INTRASEA (PTE) LTD. Paber House 234E Orchard Road Smqapore 9 Telephone *****11 "*****57 if REGULAR SEH/FUI CONTAMER SERVICE TO EWOPE Spore P Mang Pfiuni LiiMg tm-. amnsi awl mx »f* arm h**^ ■WASMNO3I 21 Ha HM> a«m£m«h> <««* IWP« wwu (PTE) 11» 2152(11 nous 7J54P57 loMP" Tto SWPMt TtAOMt 4KM4810 words
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Page 17 Advertisements
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Advertisement267 1979-02-21 17 fcva YPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT KEL P£HANG PT SAC ALEX TANNB Feb ii Onwts Mar S Mar 20 Mir 25 PYRAMIDS U Mar 29 Apr 15 Apr 2] 10 Apr 21 May 3 MARTRANS CARGO PIEASf267 words
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Advertisement313 1979-02-21 17 <3 Seatrain Pa" 'c. S''". ct?s S fu// Container Service to USA FEEDER «l STORE MOTHER ¥Sl NR OAK U GULF E/C Thames Maru 22/2) Seatrax Prreeter 4/3 21/3 23/3 31/3 3/4 Wpptncj 27/2) 141 Alemanu Eipreu 6/3 Seatran > Leinfton 13/3 30/3 1/4 9/4 11/4 151 Full Container Service313 words
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Advertisement313 1979-02-21 17 €*prmta 2£td I WEST BOUND LOADWG FOR MUSCAT, DUBAI ABU DHABI. BAHRAIN. KUWAIT ETA ETD CONFDCNCE EXPRESS VI6W 26 Feb 27 Feb EAST-BOUND WSCHARQWG ONLY AL FARAJ VI7E 1« KUr 19 Mar EC a; FORTRESS 22 Mar 24 Mar FOR NOUMEA Ml Mar PORT VIA 13-15 Mar SANTO 16-11 Mar313 words
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Advertisement210 1979-02-21 17 CAK LOUCAS N CAPE KAMARI ROSMA TOPIC ALFRED C. TOEPFER LINE REGULAR SERVICE TO MEDITERRANEAN <<& PORTS OF ITALY, SPAK. FRANCE < TMBER SERVICE S'p«re P Kelang Oscharpng Ports 22 Feb Jeddah 5 Mar Laspena, Salerno, Mortfjfcone 12 Mar Valencia. Salerno 15 Mar fcddah INTERMODAL BULK LINE PGhOmc S'pert PKctanc210 words
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Advertisement233 1979-02-21 17 The Port of Oakland has a decided advantage in sending inbound shipments to inland U S destinations Because there are three transcontinental railroads Virtually waiting at the dock With railroad marshalling yards just minutes from the marine terminals, we can move your cargo without delays and help shorten the transit233 words
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