The Business Times, 24 April 1979

Total Pages: 18
1 18 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 14C/1/79 TUESDAY, APRIL 24,1K» SO CENTS
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  • BRIEFLY...
    • 55 1 OVERSEAS Union Bank (OUB) yesterday announced it will raise its prime lending rate (PLR) to 8 per cent from today. This follows a similar announcement by Development Bank of Singapore (DBS) over the weekend to raise its own rate by 0.25 percentage points to this level
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    • 81 1 Reuter BANGKOK, Mon. Prime Minister Kriangsak Chomanan seems likely to head Thailand's next government after political parties failed to win sufficient seats in general elections here to pose any real threat to him. General Kriangsak needed only a relative handful of supporters in the 301-seat elected Lower House
      Reuter  -  81 words
    • 80 1 AFP KUALA LUMPUR, Mon. The Asean Federation of Textiles Industry (Aftex) is to implement a scheme of "pool use of presently existing quota" in bilateral agreements entered into by Asean countries with the EEC. The chairman of the Aftex council, Mr Lam Thian, said after the council's
      AFP  -  80 words
    • 85 1 UPI TOKYO, Mon. The US dollar hit the year's high of 219.00 yen at the opening of trading in Tokyo today and remained strong throughout the day despite the Bank of Japan's intervention to cool off speculation. Trading was heavy. The greenback closed the day at
      UPI  -  85 words
    • 106 1 UPI ROME, Mon China and Italy signed an economic cooperation agreement today that Italy hopes will result in US$l billion (552.2 billion) in sales to Beijing (Peking). China's Foreign Trade Minister Li Qiang and his Italian counterpart Gaetano Stammati signed the agreement in Rome after a delegation of
      UPI  -  106 words
    • 36 1 MALAYSIA will present five working papers on behalf of Asean in the association's two-day meeting with Japan starting in Kuala Lumpur orf Thursday. The papers cover trade, commodities, transfer of technology and cultural cooperation.
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    • 58 1 SENIOR Asean officials are now meeting in Jakarta to finalise a package of proposals on the multilateral trade negotiations to be presented at the United Nations Conference on Trade and Development meeting in Manila next month. The package will cover tariffs, non-tariff and other trade barriers. The
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  • 142 1 Rises Most Active Tronoh Mines 890 -•-20 M Glut 215 11 S Darby 172,000 Sungei Besi 950 10 ConspLant 121.000 Aokam Miiu Ctainers Nat Iron 342 218 484 8 6 4 K.L. Kepong 57,000 Trengganu Dev. 51,000 B Sembawang U I C St Steamship 366 308 259 *4 4
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  • Article, Illustration
    138 1 Falls Most Active DunJop Ind Timuran Kempas Kramat Mega -v M'wata U E (M) M Cement Bt Sembawang 4.72 2.42 4.48 3.20 1.04 2.53 1.02 3.24 3.70 1 1 1 1 II II 1 S83SSSSGS Consplant 165,000 S Darby 161,000 Trengganu Dev. 137,000 E Merlin 100,000 Total Turnover:
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  • 954 1  -  THREE BANKS FILE SUITS By FONG MEW LENG SEVERAL banks have filed suits against the trouble-ridden Industrial .Electronics and Engineering group for the recovery of loans totalling well over $10 million. The electronics group is led by chairman Mr Baey Lian Peck. The
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  • 186 1 THE BRITISH Broadcasting Corporation (BBC) which was here to produce a documentary on Singapore, left yesterday after a 11-day stay during which they interviewed many prominent people. The documentary will be featured in the BBC magazine programme, Outlook. During their stay, the team, comprising the producer,
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  • 552 1  -  By JOHN TAN Economics Correspondent BUSINESSMEN both In Indonesia and Singapore are io confusion over the latest announcement by the Indonesian government that it is raising import tariffs on a wide variety of goods. Finance Minister Mr Ali Ward ha na had
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  • 86 1 AFP A MOVE is being made in Hongkong to protest against a Japanese threat to the Colony's construction industry. The local South China Morning Poet said a group of local companies ts preparing information to present to relevant government authorities "on what some see as a deliberate
    AFP  -  86 words
  • 277 1 A TOP team to la Tekye far ma jar disease •leas with Saaitaaa Chsadcal aad ether Japamm efflrtate mi the pra> pesed ft bllllea petreekemlcal pnjeel ton. As aa tadtaaWea af the impartaaee af the talks, ladastry asarees said that the Peramaeat
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  • 403 1  -  By TSANG SAU YIN SINGAPORE'S surveyors and valuers will soon be working together under one roof. The councils of the Singapore Institute of Surveyors (SIS) and the Singapore Institute of Valuers (STV) are currently discussing ways and mfeans to amalgamate their societies
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  • 81 1 From today and for a parlod of hue vnlu a compHwn>ntory copy of TKo Asian WaN Street journal wt* be provided with each copy of Businee* Time*. Wo hopo that our roadort win find a wealth of additional bwinw Information, germane to their nwk, in the AWBJ, the lorgeal
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  • Page 1 Advertisements
    • 8 1 soft-joys fooUc&cD •SEE PAGE 3 •SEE BACK PAGE
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    • 110 1 Another Ist from TAMOTA THESLIMMES' BATTERY LIGHTER You can count cn Tanita to come up with another Ist Afterall Tanita made the hrst oattery fighte r in Japan. And now the slimmest ba'tery lignter it measures only 76mm high. 24mm wide and 1 1 mm slim. Beauty has not been
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    • 26 1 iNTSWE SHIPPING TIMES Make sure you get your complimentary copy of the Asian Wall Street Journal. lIOH ptteatUl ft nglmhl FRANCES Mg tw« hteeki Fani 5
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    • 326 1 Preferred by offices worldwide. CALL *****33. Wywy Private Limited Smte 3901 39lt> Fl Hong Leong BuiKJtog Km mm 16 Ral*es Quay Singapore 1 in the UK. and Ireland! Passing through Amsterdam Airport is an experience in itself. All-under-one-roof facilities include automatic luggage transfer, rolling sidewalks, 51 handily placed tax-free shops,
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    • 2 1 Leader...Page I
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  • TRADE AND INDUSTRY
    • 430 2 COURSES AND TALKS March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development April 1-30: Industrial labour organisation (residential course), RELC, Industrial Labour Organisation .of S'pore April 2-27: Business management module 11, RELC, NPB April 10-26: Compensation and Fringe Benefits, Holiday Inn, Personnel and Organisation
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    • 241 2 A NEW efllee eempater which eaa be FNpuuMd wttheat the help «f uy eempater expert wu iatredaced earlier this year at the "-rn* Irtnrilliail Called the Peatry Kffls VBP, It eaa he pnpuuMi far maay faaetleaa saeh as laveteiag, steek-takiag, aeeeaattag, perseaal data aai
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    • 506 2 ELECTRONICS is a growth industry for Singapore and the region and there are major opportunities for everyone. Mr Richard Kneip, the US Ambassador, expressed this optimism at the official opening of EPAT 79, a regional exhibition of US technology in electronics production and
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    • 477 2 MALAYSIAN batik manufacturers can get all the white materials they want if they are willing to pay the price asked by suppliers. This was stated by Mr Ng Song Hin, president of the Malaysian Textile Manufacturers Association, and Encik Mohamad bin Haji Abdul Rahman of
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    • 64 2 MR CHEW Chin Bee has donated a sum of $50,000 to the Singapore Polytechnic for the setting up of three bursaries of $1,000 each in his name. The donation was handed over to Mr Khoo Kay Chai, the principal of Polytechnic, at the Dover
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    • 47 2 THE SOCIETY of Manufacturing Engineers will be holding a talk on Application of Low-Cost Automation to Industry this Wednesday at the Regional Language Centre (RELC). The talk will be given by Mr Ling Kwong Ung from the National Productivity Board at 8.00 p.m.
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    • 52 2 KEVIN Diamond(S) Pte Ltd will be holding an exhibition on exquisitely designed jewellery at the Shangri-la Hotel, from April 26 to April 29. The exhibition will be opened from 5.00 p.m. to 8.00 p.m. on the first day and from 10.00 a.m. to 8.00 p.m. on the other
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    • 39 2 UNITED NATIONS Secretary-General, Mr Kurt Waldheim, is expected to arrive in Kuala Lumpur today on the first leg of an extended Asian visit which will also take him to Vietnam, China and the two Koreas.
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    • 262 2 AMERICAN Express International Banking Corporation has appointed Mr Fraaklc Tu, foreign exchange and money manager, to assistant vice president of the Singapore branch. Also promoted are Mr Geerge FUmeridis and Mr Keaaetk Aagell to assistant treasurers. Mr Tan, 34, has been with AEIBC for seven years, specialising
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    • 426 2 THE Plastics and Rubber Institute (Singapore Branch) has been formed and its first annual general meeting will be held at the Tanglin Club on May 15. Disclosing this, the chairman of the ad-hoc committee, Mr F.W. Kam of Chemical Laboratory, said the e
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    • 210 2 INCOM Singapore to iMkei WMtm with mm ar» geaey as It will to piag iato a tfclrt afclft U safety tto MDipUf'a WfiMlM pltn aai iiereticd v trim, MMHtag to a le eampaay mm. The eampaay, a sab» I, Mary sf aa American
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    • 195 2 THE UNIVERSITY of Singapore's Department of Extramural Studies will hold a 12-lecture course on "Engineering Mathematics" in Nissen Hut 6A, Bukit Timah Campus, every Monday and Thursday from 7-9 p.m. beginning May 3. Course fee is |40. This course will introduce participants
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    • 82 2 MALAYSIAN customs officers in Batu Pahat seized MJ230.000 worth of tin ore from a palm oil tanker at Labis town after trailing it all the 'way from. Kuala Lumpur on Sunday afternoon. A 36-year-old driver was detained. The tanker was believed to have been on the
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    • 577 2 THE SINGAPORE Bus Service (SBS) is gearing up to tackle the major shifts in travel patterns resulting from the extnsive development of the Republic., Already, the demand for bus services is rising rapidly and will continue to do so. Demand is enhanced
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    • 85 2 EUROFOOD, the weekly sews service far the iateraattoaai feed tad drtak iadastries, has published "Re Wertd Directory *f Feed aad Drink Manufacturing Cempaaies IFTt". The directory, la twe velamee, eeatalas eatoae iafermattoa, received ap to the ead sf Jaaaary lfll, ea aearly Ijm cempaaies. Tkem
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  • Page 2 Advertisements
    • 42 2 3E3HP ep J n \rr< >\\ I n i< i<-t t\i\ V (un>) i ir.lt •r \i\' 7* kiv 1111 L i it \l s w y \*y > M In IS <ll H 'Hit X P iL'fX fi: m u IflN 7j< imi
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    • 73 2 f FINANCING WANTED US $4 -20. Million oh existing PRIME US APARTMENT PROPERTIES for Condominium convsrsion. Short t«rm 12-18 months. 10% intsrsst plus 10% proftt participstion. Csn incrssss trus yisld to 14% or mors. Sscursd by Ist lisn on Propsrty. Borrowsr psys all Isgsl sndspprsissl costs. Ptssss contset: ABU BAKAR
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  • REGIONAL
    • 456 3 SOUTH Korean Finance Minister Kim Woun-Gie, speaking at a conference of bank representatives in Seoul yesterday, called on local banks to help small firms facing difficulties due to dishonoured cheques issued by the financially troubled Yulsan group. Last week the minister told
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    • 375 3 ASEAN textiles industries should pool their resources to strengthen their bargaining position when buying cotton, a Malaysian minister said. Datuk Lew Sip Hon, Deputy Minister of Trade and Industry, said although Asean's imports take up 6 per cent (3.5 million bales) of world cotton
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    • 47 3 FORMER Prime Minister of Thailand, Knkrit Pramoj, seen just before voting in the Thai general elections on Sunday. Chief rival to present Premier Kriangsak Chomanan and lender of the Social Action Party, Mr Knkrit won his seat in a landslide. UP! photo UPI photo
      UPI photo  -  47 words
    • 797 3 Reuter AGRICULTURE, the mainstay of Malaysia's economy employing 44 per cent of the country's four million working population, is plagued with a host of problems. Even the government's mid-term review of the *****0 five-year development plan, which proudly proclaims the relatively high 8.5-per cent annual
      Reuter  -  797 words
    • 72 3 AFP A BRITISH oil tanker carrying 150,000 barrels of light crude petroleum left Miri, Sarawak, for Bangkok yesterday to help ease Thailand's oil shortage. The 21,000-tonne tanker, British Mapel, which arrived in Miri on Sunday immediately started loading The shipment is the Malaysian response to an
      AFP  -  72 words
    • 361 3 UPI FORMER US Secretary of State Henry Kissinger said that Vietnam has not honored a single international agreement it has signed since 1964, and it is occupying Laos, South Vietnam and Kampuchea against the wishes of the local people. "One has to say one
      UPI  -  361 words
    • 205 3 AFP THE amount of Malaysian currency a traveller may bring into and out of the country has been raised to M 510,000 and 15,000 respectively from the present limit of $1,000 with immediate effect. This was announced by Malaysian Deputy Finance Minister Datuk Dr Neo
      AFP  -  205 words
    • 64 3 THE Indonesian government denied recent press reports that the president-director of Pertamina State Oil Company, Piet Haryono, would be replaced shortly. Mining and Energy Minister Subroto said there had been no discussions yet on a possible replacement of Lieutenant-General Haryono as head of the enterprise. Lieutenant-General Haryono
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    • 57 3 Reuter THE Peninsular Malaysian consumer price index (base 1967) rose 0.2 per cent to 165.3 in February from 164.9 in January and was 3.2 per cent above its year ago level, the Malaysian Statistics Department said. The rise was attributed to the sub-group indices for transport and
      Reuter  -  57 words
    • 654 3 AFP LUCKY country Australia finds its luck running out rapidly with yesterday's official figures showing inflation likely to pass double digits and unemployment to reach new record rates before the year is out This is the fact which emerges from the
      AFP  -  654 words
    • 87 3 Reuter INDIA expects a 10 per cent export growth rate for the period April 1979 to March 1980, Commerce Minister Mohan Dharia said. Speaking in Parliament, he said growth in 1978-79 would be 4 to 4.5 per cent, but would have been up to 20 per cent had
      Reuter  -  87 words
    • 276 3 THE high quality of made-in-Malaysia goods will be the focus of this year's ninth annual trade fair in Kuala Lumpur organised by the Federation of Malaysian Manaufacturers. "Focus on Malaysian Quality" will be its theme. Exhibitors will thus tell visitors how they achieve and maintain high standards
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  • Page 3 Advertisements
    • 106 3 tJUvllai Japanese Restaurant. (Ml ■H < y 4=^-1 For sushi. For teppanyaki. For other authentically Japanese delights. I Viiqhs riiMfc.'i bv our ch*'f» from -Japan bny *fu»*n .j! »ur main restaurant. in our tatami r< >oni-. < »v<»> a rounter. or a! inc >fur '>ur teppanvaki qru K1 ;»'s C
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  • Page 3 Miscellaneous
    • 683 3 TWO-IB-L. i t CRYPTIC PUZZLE ACROSS 3 Standard of whiteness for laundry (5) 8 Tree or horse out West (5) 10 A Pole taking meat round for sale (5) 11 Amount the penniless have (3) 12 Dead snail, possibly (5) 13 Island (a small part of the Canaries? (7) 15
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  • RAW MATERIALS
    • 214 4 THOUSANDS of tonnes of waste from tin ore are to be pmtiwd Into by-products for export. The Perak Amang Factories Association has beea given the "green light" by its members to set ap a multi-million dollar processing plant la the state. The association's president, Mr Wong
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    • 498 4 Reuter PRODUCER delegates at this week's meeting of the International Tin Council expressed concern at the possibility of future releases of surplus tin from the US strategic stockpile. Congressional authorisation for any such releases has not yet been given but producers pointed out that the international tin
      Reuter  -  498 words
    • 278 4 COMMODITY prices held steady at the close of trading on the Singapore produce market yesterday, reflecting the usual Monday sentiment. Dealers reported few arrivals and think that the existing conditions will remain marginally unchanged throughout the week. On the coffee front, prices were slightly higher but one agent
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    • 162 4 THE SUGAR futures market yesterday closed easier in continued quiet trading, with no trades registered as on Friday, dealers said. May closed at 7.62/65 US cents against Friday's 7.77/ 80 close, July at 8.04/07 against 8.20/25 and March at 9.30/33 against 9.40/43 cents. The day's spot sugar price
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    • 545 4 OILSEEDS: Brokers reported very quiet oils and oilseeds markets yesterday morning with no significant price movement. Edible oils were hardly changed while soybeans remain, ed slow at marginally cheaper levels. Laurie materials held steady to firm while technical drying oils were mostly unchanged and neglected. The market is
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    • 71 4 CJ.F. North European ports, in US dollars per ton unless otherwise stated. LONDON: Malaysian 5% Ha bulk per tonne W PtitUM June MOslr 657slr Sumatra 5* ffa bulk April unch 885slr May 877'/i pd 675/672'i pd June 670pd 667 1 :/665pd July 660/657' i pd 665slr August unch
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    • 96 4 Reuter INDONESIAN sugar imports will decline to •beat 373,Mt tonnes this year from 587,1 M tonnes In 1978, both the Indonesian and US Departments of Agriculture forecast. The decrease will result from a projected increase in production to 1.23 million tonnes from last year's
      Reuter  -  96 words
    • 808 4 Depthnews AN international meeting on rice which was held in Manila sometime late last month has sounded a warning that good harvests and rising supplies all over the world will only lower the international price of the commodity. Unless prices stabilise, an Asian delegate
      Depthnews; DEPT 1979  -  808 words
    • 398 4 OPENING prices in Singapore yesterday were about unchanged but the market later rose on higher Japanese advices, arbitrage covering, trade, speculative and upcountry demand coupled with reports of the postponement of talks on the US United Rubber Workers dispute, dealers said. Some profit-taking, however, emerged at the highs to
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    • 371 4 R A S prices In cents per kilo yesterday: Noon Clone (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 388.00 289 00N 289 00 290 OON Int. I R.S.S. May 283 75 284.25 285.00 285 S0 Int. 1 R.S.S. June 279 75 280.25
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    • 105 4 NOON SSR and SMR pricaa yaaterday RA8 May Jim (Curat Mtk) (P« rwartl Mtk) SSR 20 Bayere Sailer* Buyer* Saltan (1-ton pallet) 271XX) 273.00N 271.00 273.00N SSR SO (1-ton pallet) 288.00 270.00N 268.00 270.00N MRKLB SMR CV (1-ton palkt) 281 50 293. SON 290 50 292 50N
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    • 87 4 THE STRAITS tla price 1b Peuu yesterday me Ms 24 to tt,9» a pical, to stud $278 akive the lateral ttoaal Tla Agreement eeiltag. The day's firmness fellewed a rally ea the Leaden Metal Exehaage ea Friday with fresh streag baying (rem Japaa, the US aad lecally, dealers
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    • 30 4 Rubber: April 23 Singapore: May: 285.00 cents (up 4.25 cents) Malaysia: May: 288.25 cents (up 4.00 cent) Tin: $1,978 (up $24) Official offering: 181 tonnes (up one tonne)
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    • 325 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first claa (Kangaroo) new crop O.K. 100 per cent second class 0.85, 100 per cent third class 0.80, S per cent new crop no stock, B-10 per cent 0 75. THAI BROKEN: A-super 0.«2, Special
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    • 172 4 AFP LEADING wheat exporting nations will meet in Canada on May 10 in another attempt to work out an International Wheat Agreement. The United States, Canada, Argentina and Australia are expected to take part in discussions on output, sales and food aid to the Third
      AFP  -  172 words
    • 82 4 Reuter RUMANIA will import about 3,200 tonnes of nickel briquettes from the Philippines in settlement of their sugar import dispute. More than 1,300 tonnes has already been shipped and the rest would be shipped next year. The whole deal is worth more than US$l2 million, said
      Reuter  -  82 words
    • 194 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (111 HK dollars, spot ex-godown) Csttoa yara: China Blue Phoenix 20s 2.450. 32s 3.850 tts 3.080 (per bale o< 400 lbs). Ptoee gaads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lamb* unq; Flower and Butterfly
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    • 317 4 THE Philippines' Trade Minister Troadio Quiazon has suggested the establishment of a commodity exchange market in the country as a means of keeping domestic prices down and helping farmers hedge against fluctuations. He offered the technical services of the ministry's management group
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    • 135 4 AFP WORLD production of slab zinc fell in February from its peak level of the previous month, while in the same period, output of refined lead suffered a further decline, the International i Lead and Zinc Group reports. In contrast, consump- < tion of both metals showed
      AFP  -  135 words
  • Page 4 Advertisements
    • 141 4 ft m ft I V. m Ya A m m m 1 25* 74 <% 4^/i '/V*M rr*n7 "V/f//#/ Buy a pea green boat or sell a nautical puss. Leisure Times is right on target For as little as $15, you can sell anything in Leisure Times a painting, a
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  • OVERSEAS
    • 217 5 AP BARGAINERS (or the American's big trucking companies said they reached agreement with the Teamsters Union on Sunday on a new contract for striking steel haulers, but there is no indication whether it would be accepted by the dissident union members. Several steel
      AP  -  217 words
    • 43 5 STRIKING British Leyland craftsmen called off a 12day action over claims, with leaders of the unofficial British Leyland United Craft Organisation deciding to return to work yesterday. About 3,500 of the skilled workers went on strike on April 9.
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    • 93 5 RESIDENTS of Jlnja, Uganda's second most important city, take time eat to cheer and walk along a Tanzanian tank shortly after Tanzaaian troops entered the city withont a fight. Deposed "president-for-life" Idi Amln had vowed to make a last stand in the dty. situated at Owen
      UPI photo  -  93 words
    • 175 5 Reuter BRITISH opposition leader Mrs Margaret Thatcher, nick-named the "Iron Lady," by the Russians, sometimes weeps over sentimental films, her daughter revealed yesterday. Miss Carol Tatcher, 25, a reporter on the Sydney Morning Herald said in an article headed "The woman behind the
      Reuter  -  175 words
    • 773 5 ARRIVALS Service Local Operator Number Time From PAA PA005 0045 SFO/HKG MAS MH601 0700 KUL SIA/BA SQ/BA17 0710 LHR/BAH MAS MH682 0710 KCH SIA SQI01 0615 KUL MAS MH621 0640 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN/KUL CAL CB14 1000 HLP CPA CX710 1005 HLP
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    • 567 5 Agencies THE BRITISH Conservative Party will press for a reduction in Britain's contribution to the Common Market budget if it wins the coming election, party foreign affairs spokesman Francis Pym pledged on Sunday. Britain was the European Economic Community's seventh poorest
      Agencies  -  567 words
    • 313 5 Reuter THE US rate sf laflattoa will act begin to stow dawa aatll toe it rial half •f ttto year aad will remala a ptiMti tor several years, Federal Reserve ■sari rtoiliw William Miller said to a Time ■naMfUj, ftatAPvUw LDirrVlf w "It
      Reuter  -  313 words
    • 129 5 UPI ECONOMIC turmoil inflation and recession during the 1970s has limited income gains of American families to levels far below the previous two decades, the DS government said in a new study released on Sunday. The Census Bureau said the median income of the 57
      UPI  -  129 words
    • WORLD IN BRIEF
      • 569 5 IRAN'S national airline, Iranair, has cancelled options for two British Concorde supersonic airliners, the state radio announced. It said Iranair had paid* £200,000 (S$900,000) advance on the options but the British government promised to pay this back in a few days. AMERICAN men are expected to
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    • 692 5 NYT FRANCE'S two major car companies are stepping up their fight to stop Ford Motors from building a US$l billion (532.2 billion) assembly plant that would create 8,000 Jobs in the depressed eastern region of France with the aid of generous
      NYT  -  692 words
    • 117 5 AFP A TOP US energy expert has proposed the establishment of a joint Japan-US governmental group to meet a serious oil shortage which is certain to hit the world in the early 21st century. Mr John Sawhill, president of New York University and former head of
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    • 362 5 NYT THE United States and other major Western nations have agreed to reappoint Emile van Lennup to head the Organisation for Economic Cooperation and Development for a third term, thus enabling him to take charge of their joint plan to rescue Turkey from
      NYT  -  362 words
  • Page 5 Advertisements
    • 45 5 "Say, where can one get a decent pub lunch in Singapore this week?" "The Stables, of course!" f V V 1 N •IV > v 7 0* L 1 •)> c 'U 1 V 7 i ~j f i i V I M., 9S 1 t 00
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  • 469 6 IT IS A strange fact of industry, and of life, that people rarely cooperate unless they have an immediate problem before them. Still, it is of some consolation that independent units will join forces when they are threatened in some way. The threat, in the case
    469 words
  • 293 6 THE PROPOSED structure of the Singapore Institute of Surveyors and Valuers or by whatever name the joint association will be known in future, looks very much at this stage to be a multi-headed horse* that must eventually run itself into the ground. Apparently,
    293 words
  • 2618 6 FOCUS ON THE PHILIPPINES Euromoney OIL and the harnessing of the country's considerable resources of coal, hydroelectric and geo thermal power is going to transform the Philippines' energy equation in the next decade,' and is likely to turn the country into a net exporter of
    Euromoney  -  2,618 words
  • Page 6 Advertisements
    • 200 6 Where to wine, dine and entertain. "In the Georgian of the Cockpit a splendid Period restaurant Trfering the choicest fare in the true British tradition where good tase tnurnphs from Beef VfeHingm. Bunerfly FiDet and a wide choice of traditional dishes bd dining in a luxurious period atmosphere. Vflth servioe
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    • 71 6 Let DANNY KOH. our award-winning resident pianist and the TWO CHORDS entertain you as you relax in the rugged and adventurous atmosphere of African safari of the Treetopsßar. i Enjoy any two drinks during the HAPPIER HOURS (4.00 7.00 pm) daily with Adil, Adam and Ben and have the 3rd
      71 words
  • Page 6 Miscellaneous
    • 33 6 55 GfVCH... «UMD Pofc pi pound >yoofc FRieNDS cj»TH THG. LprresT c#=*ze cuocWjoock count. COUAC Doll.. *uThGNTiC DfceSS Pws»D rnovcroeMT... BriSto(V':ftanicii c i<enS II GOO ON QNGfi. y WMPO- Does we (mosr pausing
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    • 712 6 imnMß Two ragged roads live wito Rb ■t to watch tUe •f CMMrea ef the tack to Etm far kick the haWt ■el S, l#pm, m toe krlak el aumrtoge with Tip X»f. Bat there la if ttoettea from Urn ei "BntO", feataree a IS- ly, tfccr jf the haaeSSi
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  • 1734 7 FOCUS ON THE PHILIPPINES Euromoney THE Philippines' land reform and Masagnana 99 programmes found their industrial and economic equivalents in the creation of the Economic Development Authority (NEDA) and the formula- tion of the country's first real plans previously economic planning had been on
    Euromoney  -  1,734 words
  • 931 7  -  FORUM ...with Leonard Silk NYT IT WAS PURE man-bites-dog on the economic news front last week when the chairman of the Federal Reserve Board, William Miller, parried the pressure from the Secretary of the Treasury, Michael Blumenthal, to raise interest rates and tighten monetary polioy to
    NYT  -  931 words
  • Page 7 Advertisements
    • 264 7 Where to wine, dine and entertain... RQDITIi Indonesian set lunch daily for lovers of spicy food and our speciality KANMAB. Try our most-talked about air-flown steaks for gourmets. A special International Buffet from 12 noon to 3 pm.,every Sunday. Adult: $8/- 10% 3% Children $5/- 10% ♦3% J.u V v
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    • 48 7 Enjoy an exciting everang at THE NEW LOOK J HOTEL IAI RVN COCKTAIL LOUNGE Mixed drinks our Speciality Weekdays Sundays 11 a.m. 11.30 p.m. Saturdays 11 am. 1 am. HAPPY HOURS 3PM 7PM 20% discount 4 tret- "it) ts HOTEL TAI-PAN 101. Victoria Street Sinqapore Tatephooe: *****1 1
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  • INTERNATIONAL STOCKS
    • 653 8 TOKYO Source: DBB-Daiwa THE market continued to rise yesterday, centring on exportrelated blue chips. Institutional investors were heavy buyers of high-priced export-related bhie chips which are expected to turn in good business results because of the recent sharp depreciation of the yen rate si gainst
      Source: DBB-Daiwa  -  653 words
    • 308 8 THE stock market closed mixed with losses in the majority after slow trading, dealers said. The biggest loser of the day was Raja Finance, dropping 60 baht to 604. South Asia Fibre fell 20 to 174, Carpet International eight to 327, Asia Fibre also eight to 191, United FLour
      308 words
    • 404 8 LOWER than expected first quarter inflation and Interest rate developments helped the market rise, with the All-ordi-naries index rising 4.08 points to 5T0.24, dealers said. BHP gained 16 cents to AJ8.48, while among banks the Bank of NSW rose three to $3.30 and the ANZ eight to $4.10. Elsewhere
      404 words
    • 166 8 THE market closed mixed with minings and oils posting gains while commercials declined, dealers said. Turnover (ell to 10.0 million pesos from Friday's 12.1 million. Gainers were Acoje Mining, Oriental B, Podco B, and PLOT while losers were Vulcan, Lepanto B and Marinduque B. Unchanged issues included Atlas Con
      166 words
    • 243 8 THE ROLINCO investment trust has increased its cash position from 6.7 per cent of the total net assets at the end of December 1978 to 13 per cent at the end of Febuary. According to the company's semi-annual report, the bulk of the sales
      243 words
    • 362 8 STOCK prices closed steady in very quiet trading, dealers said. Turnover was sparse with operators' attention still focused on the local currency which fluctuated marginally. Dealers said the market* is still senitlve to currency movements and some operators feel local interest rates have not yet stabilised. Hongkong Bank rose
      362 words
    • 633 8 NYT AFP HENRY FORD U does not plan to offer his nephew Benson Ford Jr. a high position in the Ford Motor Co., a source close to the family said: Hie main purpose of a forthcoming meeting between the two
      NYT; AFP  -  633 words
    • 313 8 Reuter THE FINANCIALLY ailing Chrysler Corp., which last autumn hired Ford Motor's fallen No. 2 man as its president, recruited another high-ranking Ferd official last week as its top financial watchdog. The company announced the appointment of Gerald Greenwaki, a Ford employee and most recently
      Reuter  -  313 words
    • 974 8 IMPRESSIVE GROWTH NYT INVESTORS in bank share* have been concerned (or years that underlying values are not reflected in the market price of their holdings. The low prices have persisted even though hank earnings have been impressive (or some time. For example, 1978 was the
      NYT  -  974 words
    • 599 8 NYT ALLEGATIONS by a company auditor, who has since been dismissed, that KLM Royal Dutch Airlines kept secret books recording millions of dollars of irregular payments to travel agencies, employees and suppliers will be investigated by the US Securities and Exchange Commission (SEC).
      NYT  -  599 words
    • 89 8 Reuter TOYOTA MOTOR said it has no plans to set up a car building plant in Spain. The Japanese firm was commenting on a report from Madrid that it has sounded out the possibility of a Car Pairing plant in Spain. Toyota cars are
      Reuter  -  89 words
    • 159 8 Reuter ATLAS Consolidated Mining and Development Carp's net 1978 profit dropped to 52.8 million pesos (81.2 million) despite higher sales of 1.09 billion pesos (904 million). Earnings per share was down to 63 centavos (97). Assets to turnover ratio was 0.578 (o.s). Atlas president Jose Soriano
      Reuter  -  159 words
    • 96 8 ATTORNEYS (or Eastman Kodak Co asked the US Court of Appeals (or the second circuit to reverse an US$B7 million judgment won by Berkey Photo Inc but the court did not indicate when it would decide the appeal. The jury trial ended in January 1978 with a finding
      96 words
    • 863 8 NYT ASHLAND Oil, one of the mavericks of the oil industry, has been bucking the current trend toward growth through acquisition by selling off large parts of its business and using the proceeds to buy up equally large blocks of its own stock. By the end of
      NYT  -  863 words
  • Page 8 Advertisements
    • 115 8 ACCOUNTANTS, AUDITORS, COMPANY SECRETARIES, MANAGERS, ADMINISTRATORS, BANKERS, STATISTICIANS. The fast growing industrial and commercial sectors of this region are constantly looking for professional men and women to fill such challenging and highly paid posts. Do you have the qualification to fulfil any of these roles? If not then ACT NOW.
      115 words

  • BANKING AND FINANCE
    • 703 9 NYT THE United States Court of Appeals for Washington, the District of Columbia declared last Friday that the automatic transfer of funds between savings and cheque accounts in banks, credit unions and savings and loan associations is illegal. The ruling could limit current
      NYT  -  703 words
    • MONEY AND EXCHANGE$
      • 432 9 THE US dollar fluctuated on the foreign exchange market yesterday, closing weaker against major currencies. Against the yen, the US currency opened at 218.90/00 and was traded down to the day's low of 218.00/10 before moving up again. However, the recovery was marginal and the dollar closed lower
        432 words
      • 61 9 QUOTES on the Australia and New Zealand exchanges on April 23: AUSTRALIA: US dollar 1.*****.1029 SterUng 0.5361 0.5299 Ninety-day airmail buying rates: Sterling 0 5565 US dollar 1.1460 Ninety-day forward buying rates Sterling 0.5418 US dollar 1.1151 NEW ZEALAND: Reserve Bank midrate US$1.0488 Trading Bank indications Sterling 0.5063/0.5033 US
        61 words
      • 174 9 Asian rates ASIAN currency deposit Interbank rates as at close on April 23: 7 days 1 months 2 months 3 months 6 months 9 months 12 months US Doliira(Spot) Offer Bid 10H 10'. 111/16 1015/18 10H 10** 10H 10'A 10 13/16 1011/16 10V. 10H 10 3 i 10H 1 month
        174 words
      • 55 9 RANGE of prices offered by discount houses on April 23: Overnight 3% to Call deposits i x St% Closing Baying Selling 3 month Treasury bills 4'4 4H 3 month Bank bills 7 7/16 7 5/10 3 month CD 6 7 6 1 6 month CD 7 1/16 6 15/16
        55 words
      • 21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • 149 9 THE DOLLAR for overnight delivery yesterday closed sharply firmer at 218.60 yen, compared with 216.80 at Friday's close, but below the 219.00 opening after central bank intervention. The Bank of Japan sold an estimated US$lOO million, mostly at 219.10 and 219.20 in early morning trading, to support the jjpanese
        149 words
      • 281 9 SINGAPORE gold futures yesterday closed generally lower compared with Friday's closings after fluctuating marginally throughout in light trading, dealers said. Turnover rose slightly to 174 lots from 159 lots last Friday with interest centred on June, August and October. June closed easier at U*****.20/50 an ounce
        281 words
      • 161 9 THE HONGKONG dollar yesterday eased in late trading to 5.1700/1800 against the US dollar from 5.1600/1700 here on Friday after holding basically steady throughout the day, dealers said. Business volume was relatively small in calmer conditions after recent volatility with higher domestic interest rates helping to underpin the currency,
        161 words
      • 221 9 DOLLAR selling in active trading at the opening yesterday sent the currency sharply lower than its early indicated levels, and easier compared with its previous closing level against most major currencies, dealers said. No new factors were cited for the falls, which could have been due to liquidation of
        221 words
    • 180 9 NEW York Sapertnteadtmt at Baaks Marftel Sebert said the state's general eeUag ea leaa Interest rates will he LIS per eeat a year, effective Mayl. The rate Is apptaMe te —t c—Tf ft—si Hideattal mortgage leaas made la New York,
      180 words
    • 630 9 RECESSION EXPECTED FEDERAL Reserve Board chairman William Miller deomonstrated this week that he had overcome the arguments of senior economic officials of the Carter Administration (or pursuing a more restrictive monetary policy. However, Mr Miller's victory is very likely to be a temporary one
      630 words
    • 421 9 WHILE Federal government officials battle over whether to allow banks to pay more than 5 or 5V4 per cent on daily savings accounts, some state-regulated banks already pay interest rates that range from 6 to 8 Vi per cent on daily accounts.
      421 words
    • 336 9 Reuter THE US Federal Deposit Insurance Corp (FDIC) has proposed regulations covering requirements of US branches of foreign banks to obtain Federal deposit insurance. The proposals, which implement last year's International Banking Act, would require a state branch of a foreign bank to be an insured
      Reuter  -  336 words
    • 281 9 NORDIC Bank in London, Singapore and Hongkong saw its operating profits rising to 121.62 million last year, an increase of 17.36 million over 1977. The bank which was granted an offshore license in Singapore in October 1975, also has a whollyowned subsidiary in Hongkong, and representative
      281 words
    • 939 9 NYT SEVERAL major bank holding companies have found a way to move into national consumer banking markets, despite the prohibition on interstate banking. They are doing so by acquiring socalled industrial banks. These little-known institutions, legal in 11 states, can accept
      NYT  -  939 words
  • Page 9 Advertisements
    • 42 9 Credit Suisse First Boston (Asia) Limited 2502 DBS BUILDING, 6 SHENTON WAY SINGAPORE 1. DEALERS ASIAN DOLLAR BONDS ASIAN DOLLAR CERTIFICATES OF DEPOSIT FLOATING RATE NOTES CALL: DEALERS TEL 22*744 TELEX: R*****9 MEMBER OF CREDIT SUISSE-FIRST BOSTON GROUP OF COMPANIESINTERNATIONAL SECURITIES DEALERS
      42 words
    • 54 9 COURAGE CONFIDENCE LEADERSHIP I 10 oaucmmmm ■t+WM n K 5E dw Attend Fim l»ra*io» Imiow. Com* and Jwcomi Mm highly ancouragrtg facts about YOURSELF and taarn how halp you (tap up aaW cai>B•wA. QZ institute of successful LEADERSHIP 7-S Amtar Mamluiia, Room 1, (2nd Floor) Orchard Rood, Stwgapara INSTITUTE OF
      54 words

  • 1287 10 .In •Singapore 40 fclD and offer prices officially Mated 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 tfnless otherwise specified. All Time Settlement Confacts are
    1,287 words
  • 162 10 SINGAPORE UNIT TRUST (Ma—gees' prim The Commerce The Saving Fund S pore Prog Fund S pore Sec. Fund S port* Invest Fund S'pore Equity Fund tar Apr M) 2.24 238 1.33 l.H 0 98 1.<B 182 1.93 1.29 1.37 9.91 1.02 ASA UNIT TRUST (Managers' prim M*1 Invest
    162 words
  • 2553 10 1*79 Hifk Low Company Last Sale Gr*. Div or- Gr*» Net Div YTd P/E C»r Vol Day (•000) Low SECTION ONE INDUSTRIALS 253 207 Acma 190* 123* Alcom 142 110 Allied Choc 180 150 B A T 265 265 Bala 744 60 Ben 195* 185* Berjaya Kawat
    2,553 words
  • 112 10 »4TO* 1/8/80 (2S0 000 (99J78 w'we* 18/8/80 (*****0 > < WB2B 1/8/81 '250,000) (100.1 SB 100 99%36 1 5/4/81 (250 000, (MM iooZI) 1/5/83 (*****0)( 100,08 5 3/4* T V 15/6/81-64 (*****0) (101.706) f(MOSS) 11/84 (2S0 000 (100.008 7* 1/8/88 (250,000) (100 758 1 (J0.855 7 1/4* 15/4/86
    112 words
  • 93 10 STRIKING prices of the options officially listed cm the Stock Exchange of Singapore yesterday, the period, bids and offer prices and hnfinrnri done, if any, with the number of options traded shown in brackets. Csli Storage (June 52.00) (0.308 0.395). Cycle Mi Cut (June $2.60) (0.568 0.665). Hame
    93 words
  • 1686 10 BID and offer price* officially listed and business 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 INDUSTRIALS Ajinomoto (2 «0B xall Aleea (1868) (1) 1.86 Ales M (1.228)
    1,686 words
  • 702 10 TRADING at the Stock Bichugt «f fffßf |Mff *m geMnlty dall aad lethargic yesterday with ■hare price* revolving •rtiii last Friday's 1IfVftt. There wu aa ehvtoas lack at haying interest as ladlvtdaals ud lastltattoas withdrew to the MeHaes. Except for a few
    702 words
  • 515 10 CONDITIONS were generally quiet on the Kuala Lumpur stock market yesterday and prices were slightly easier across a broad front. Trading was cautious and selective with the bulk of business centred on the current market favourites. Even then, there was little interest to deal, as
    515 words

  • COMPANY NEWS
    • 1401 11  -  Earnings of banks quoted on the stock exchange are expected to show further improvement in the current year. A comparative study of six banks reveals that Malayan Banking is tops in terms of assets. SUSAN THAM reports. SUSAN THAM AFTER a period
      1,401 words
    • 593 11 Curreat Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Hume FE Goodwood H Mai* Ming Court Sealion M Breweries UOB U O F UOI DBS Riverview Bedford Auatral Eat Talam Minea Cen Sugar* Keck Seag Tractora M Cablea Mia Sec Guthrie
      593 words
    • 237 11 Company Particulars Ex Date Books Close Keck Seng OunJop Eat P. Product* Ajinomoto Toshiba OUB Utd Plaat Bo vis SEA OC BC HK Land Apollo Mai Floor Olyaipia Bonus Issue of 1 for 5 Bonus Issue of 1 for 3 Bonus issue of 1 for 4 Bonus Issue
      237 words
    • 277 11 THE AMANAH Saham Mara Bhd, the managers of the Bumiputra Investment Funds, last year recorded a profit of $8.4 million, or 131 per cent more than the previous year's $3.6 million profit. The Bumiputra Investment Funds, since their inception in 1967, had distributed dividends amounting
      277 words
    • 75 11 PLANTATION Holdings Limited's Malaysian estates have benefited from higher prices and 1979 first quarter results will be better than the same period last year. Chairman S. W. Livesey told the annual meeting that results (or the British-based operations have also exceeded those for the first quarter of 1978,
      75 words
    • 161 11 DESPITE optimistic forecasts made last year. Raleigh Cycles (Malaysia) has slumped once again into the red with a loss of $268,395 for the year ended last December against a pre-tax profit of 1133,083 the previous year. Directors have thus decided that they will not recommend a dividend. For
      161 words
    • 353 11 Letter to the Editor Dear Editor, We as minority shareholders of Setron would like to ask you to publish our letter addressed to fellow Setron shareholders stating our disapproval of the takeover bid by Haw Par Brothers International. We are terribly disappointed with the directors of
      353 words
    • 152 11 PERAK Carbide and Loytape have applied to the Registrar of Companies far extension of time for presentation of their 1978 annual reports and accounts, as well as hokting of their annual general meetings. Both companies' financial year ended Sept 30, 1978, and the six months
      152 words
    • 120 11 THE KUALA Lumpur Stock I Exchange has stuck to its earlier stand that Magnum Corporation will have to convene an extraordinary general meeting for shareholders to approve its proposed sale of interests in Permas Jaya. The exchange made its stand clear in a letter
      120 words
    • 321 11 nam §SIQ@CL^ by HOCK LOCK SIEW SIME DABBY hai rrapialii to toe itotof till M flssalhtoi Ilia tt If -*-rrhili tew ragardtog toe ltotoe< Baal stop to toe "hemeeeariag" ef the <Mpuy. Hewever, toe totoet UMUMuneat by ehalrmi Taa Tu Stow Bto hardly iwm toe ihiMim
      by HOCK LOCK SIEW  -  321 words
    • 27 11 Group pretax profit for the year ended Dec 31,1978, was M5749,0Q0 ($2.53 million previously). Final dividend 2 per cent (10 per cent previously).
      27 words
    • 38 11 Unaudited group pre-tax profit was M 5138,615 ($123,922), for the six months ended Feb 28. Turnover was $1.34 million ($l.lB million). Parent company pre-tax profit was $32,770 <($51,200) on turnover of $38,304 ($52,889).
      38 words
    • 66 11 Unaudited pre-tax profit was MJ292.900 ($270,474) for the six months ended Feb 28. Rubber production was 622,812 lbs (722,333) and oil palm production 570,323 long tons (351,820). MR J S N Noronha has been appointed the new Receiver and Manager of Gala Perak Bhd in
      66 words
    • 51 11 an- nounced that as at the first quarter of 1979, foreign per- sons own 1.84 per cent of its issued capital. AT AN EOGM held on March 29, shareholders of Bapreme CarpsrattM unanimously passed the issuance of Johore Oil Palm Plantations Sdn Bhd's $3,135,000 convertible secured loan
      51 words
    • 20 11 has announced the resignation of its director, Encik Malek Ali Mercian, with effect from April 10.
      20 words
    • 89 11 and Setrta Ltd for the reasons behind the two companies' request for the continued suspension in the trading of their shares. In separate letters addressed to v the board of directors of both companies, the exchange's general secretary accountant
      89 words
    • 26 11 Pre-tax profit was M 5212,875 (loss $111,398) for the year ended Dec 31, 1978. Net profit for the year was $212,875 (loss $113,098).
      26 words
    • 73 11 announced that Mr J Grim berg, Mr Peter Chong Saow Chong and Mr Phillip Wong Yat Cheong have been appointed to the company's board of directors owing to the resignations of Mr TM Rendall and Mr BP Skinner. Allied Chocolate has also decided to change its
      73 words
  • Page 11 Advertisements
    • 319 11 4 Graham PGreene The Human Factor#* w '<1 'Probably the best espionage novel ever written.' Richard H Grovmld, UPI 'A major literary event... a marvellous tale of spies and intrigue spun with intricate skill by a master story-taller. A must.' PLAYBOY 'As fine a novel as be has ever written
      319 words

  • 442 12 ASEAN textile manufacturers have joined forces to strengthen their bargaining position in solving their problems with cotton suppliers and shipping companies. Although Asean imports make up 6 per cent of world cotton production or 3.5 million bales of cotton, they are far above the
    442 words
  • 55 12 THE FRENCH Minister of the Economy, Mr Rene Monory, will pay a two-day unofficial visit to Singapore early next month. The minister will arrive here on May 3. He will meet Minister for Finance Hon Sui Sen and French bankers in Singapore before leaving for the
    55 words
  • 497 12 THE ECONOMIC Development Board has disclosed more details on four new tax incentives of which legislation was passed last month. The incentives are for the manufacturing, servicing and trade sectors, to stimulate their further growth. They are: the investment allowance; warehousing and servicing;
    497 words
  • 378 12 AP LABOUR unrest has increased along with inflation since Indonesia devalued its currency five months ago. Thousands of workers have been involved in slowdowns, work-to-nile and other protests in at least four cities in Java and elsewhere, according to published reports. Most disgruntled employees say they want
    AP  -  378 words
  • 771 12 LONDON, Mon. Stock prices closed slightly firmer on balance after a quiet session today x At 3 p.m., the Financial Times index was 3.1 points easier at 535.6. Equities finished narrowly higher following light support towards the close, having drifted for much of the session, dealers said. Gold
    771 words
  • 198 12 UPI MORE THAN 40,000 Khmer Rouge guerillas and civilians "stretching as far as the eye can see" were trekking south along the Thai side of the border yesterday to escape fighting inside Cambodia, eyewitnesses said. Veteran newsmen likened it to the mass
    UPI  -  198 words
  • 290 12 SINE DABBY ftrfdlagir expert* u change Its demlelle to Malaysia to five mwttt aad that the skares af the Malayslaa-taeerperated Btoe Darky flildlaia Berhad (SDHB) wiH he Med ea the stock exchange* af Malaysia, Slagapere, Haagkeag and Liaiaa to December thto year. In an
    290 words
  • 389 12 IN VIEW of Singapore's current "Save-Electricity" campaign, energy consumption in offices should be reduced, said Dr Conrad §mith, principal lecturer of London's Institute of Environmental Science amd Technology. He suggested that new systems or improvements of old systems to cut down on
    389 words
  • 319 12 NYT IN RESPONSE to strong pressure from the United States, Prime Minister Masayoshi Ohira announced over the weekend, in advance of his May 2 visit to Washington, that Japan will make "considerable concessions both in terms of quantity and quality" on the issue of Japanese government
    NYT  -  319 words
  • Page 12 Advertisements
    • 26 12 ][,:!;="'~$%^.:^_@><](}"_&{)]]; A* I! II H listen to the soothing sounds of CDen (f Martin Live music Irom 5 30p m Re!<«x in coiy itmospfH-rf- Ample parking spac
      26 words
    • 138 12 SEE PAGE 11 <' A S t. r -M w i >f vv* "V :w > vr v* "1 r- The wond s most modem gymnasium Be more productive, beautiful, fit and healthy... and stay that way! You can do this in the world's most luxurious surroundings at Tropamare Executive
      138 words
  • Page 12 Miscellaneous
    • 57 12 Outlook for Singapore from 6 a.m. to noon today: Scattered showers Report for U prfor to 7 M pun. April 23 at fee airport Maximum temperature 28.5 Associated humidity 78 Minimum temperature 24.2 Associated humidity 91 Hours of sunshine 0.3 Rainfall in millimetres 3.6 Total rainfall for the month 173.6
      57 words

  • SHIPPING TIMES
    • PORTSIDES
      • 113 13 AFP THE Philippines North American Conference (PNAC) will impose a 12 per cent freight increase on Manila's exports to the United States and Canada starting June 1, reports said yesterday. The newspaper Times Journal said the proposed increase would hurt the competitiveness of Philippine exports and the
        AFP  -  113 words
      • 42 13 Reuter CHINA has created a marine navigation society aimed at promoting research in the field, the New China News agency reported. The Communications Minister Zeng Sheng was elected president of the society when it was inaugurated in Canton. Reuter
        Reuter  -  42 words
      • 105 13 AFP JAPAN on Friday agreed to extend loans amounting to 12,540 million yen (about Ssl2B million) to Bangladesh for the purchase of a floating power plant and four freighters from Japan, the Overseas Economic Cooperation Fund announced. The governmental fund said Mr Kaneo Ishihara, president of the
        AFP  -  105 words
    • 480 13 BULK DISCOUNT INTENSIFYING competition from non-agreement carriers in the Far East-US trans-Pacific trade has prompted American shipowners to call for a meeting in Honolulu last week. Two US shipping giants,the American President Lines (APL) and Sea-Land were due to propose volume discount rates in a bid
      480 words
    • 167 13 AFP APART bw mm flirty heavy fbdag to toe Utotod Stales, eaadhleas were generally qdlet the the Easter kratk. Nevertheism, rates generally held steady, with «mvagemeat takea tram toe ■ji iiwwh hetweea Iraa ill BP aad BkelL Ike deals did ast lead to aay Immediate marked in-
      AFP  -  167 words
    • 236 13 RIVER Jimini, the first of four new vessels being built in Korea by the Nigerian National Shipping Line, loads on its maiden voyage at Singapore on April 30 to inaugurate a new monthly liner service from the Far East to West Africa. The National Line carrier
      236 words
    • 2866 17 SHIPPING LIST where your ships are due and when SCHEDULE A guide to ships loading at Singapore for Ports around the World .The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port
      2,866 words
    • 140 17 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 ANRO (STRAITS/ AUSTRALIA): Australian National Line Austral! a/Straits Container Line Nedlloyd Lines Neptune Orient
      140 words
    • 468 17 IMlHH Uw Page CM ACS n s Afea TV 3 Alpac IV 5 Angkutan IV 4 ANL I 1 APL m 2 Arya Nat n s Asia Merchant V 2 ASCL m 5 Atlas V 3 AustCont IV s Bank n 5 Batam IV 3 BBS n 2 Ben
      468 words
    • 922 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2\ All export FCL containers and LCL cargo must be delivered to the Authority's premises during the
      922 words
    • 851 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Uni pacific Alpac Line—lntraaea. Anhsing Line— Strongwill. Angkutan Pertambagan—
      851 words
    • 1309 18 Safety is a prime factor in the navigation of all vessels »nrf the handling of their cargoes. Where those cargoes consist of petroleum or other potentially dangerous materials, it is essential that accident risks are kept to a minimum The Port of
      1,309 words
    • Article, Illustration
      416 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aimin (1830 hauls after Jason sails) }/4 Bunga Bindang (1300 after Bunga Seta war Subject freeboard) 19 Clara Maersk (1800 after Noshiro Maru) 6/7 Dove (Tanker) (1000 Subject gas free P/O) 15 Leda Maersk (after Ljubljana must sail not later than 0630/36
      416 words
  • Page 13 Advertisements
    • 344 13 11l 111 WEEKLY CONTAINER SERVICE to/from BANGKOK Set Page IV Column 3 for Sellings l r SINGAPORE SHIPPING AGENCIES PTE VH kt T t\b 9111?? (if\fc HAL *****1 A V E UHO ASIA I INF SON BHit K t J?9b'V- p LAM, *****1 3 PEStNGb-J/81 .IARDIM W I Ml Sport
      344 words
    • 295 13 ill SEALORD UJ MM ANTAH H m UASC UNITED ARAB SHIPPING CO (SAG) 11 All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE Vessel S pore Loading for ■BN At ROOM 29/4 Kuwait (11/5), Dammim (17/5), Doha (19/5)~~~" Dubai (21/5) IftFM
      295 words
    • 344 13 ■NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: C RO2Et J HI R MCENON 21 HK CONTAMER )0 MERCATOR [J O MF It I S S BADGE 2S I C COMAKER 3i N COftAl f M**t T stove Hawe RTM» H bw| Bn 27A»< 17 May 13 May 14 Ma,
      344 words
    • 724 13 u Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. <g« <* MAERBK LINE for US Pacifc. G*M 4 Altaic Mi East Cam* (Also accepting tor Honffcor*. Taiwan. Japan and Korea) *-i/i 13-14/5 I 14-15/5 30/4-1/5 29/s 74/5 17/5 Arthur maersk ARID MAERSK ittt FOR Last
      724 words

  • Page 14 Advertisements
    • 728 14 FULLY CONTAIOSED TO EUMPE Eft* Mm UrtifMi Bar tnmm Cms 28/5 30/5 20/6 22/6 23/6 25/6 Raotaaolta? 30/5 21/6 23/6 24/6 24/6 HMfkavUp ns 4/6 6/6 24/6 26/6 27/6 30/6 EIPRESS CONVENTIONAL TO EUROPE pmt PKata«( Pan BKaa bw ITto| Braa«i Ua h|'«"i Sailed 25/4 28/4 24/5 2/6 31/5 28/5
      728 words
    • 398 14 3 n T> nma/2 MO ■*20/29! tail tail J*a tall a*a tau ma ta>< taiM tal 17 ta| 31 tail# 5*4 C!* R!* E238 E3* I IM/5 4-5/5 1 5-1/5 17-M/5 «-7/ l 5-11/5 I-11/1 25-2/5 I W vn m\ »/s 5 u/i a/o ij/i a/i 30/5 "t 1/0 v«
      398 words
    • 429 14 EVERGREEN LINE fAR fAS I FUROPF EXPRfSS FUII CONTAINER SfRVICF ACCEPTMG CARGO FOR: HAMBURG FEIKSTOWC. ROTTERDAM. ANTMRP II HAVRE ALSO ACCEPTMG CARGO FOR IMTEO KMGOOM SOUTHAMPTON. LONDON. MANCHESTER. HRMMGHAM. BRISTOL. LIVE (WOOL, GLASGOW LEEDS WEST GERMANY manam HOLLAND WIS TF ROAM Spn IMMaf WMa Wmi It Hnrt i»« «u nh*
      429 words
    • 817 14 1 Everett Lines j 'Ivm Fwt Star ShipfMMf Cirf>. "BURMESE NATIONAL LINE" IOAOM FOR (AMGOW HTAKTAWYNA 'A 27/29 Apr BFSSC Agant* Moto r *o TEPS MALAYSIA Port Kalong TatT3B>-7355 Peoong TaJ *****/***** jjrQ CompMMs Arftntina Do M \> Mi»o«tioH KrcwHwm S. A. C.I.F. \Jf) "ARGENTINE NATIONAL LINE" LOAOMG FOR DURBAN.
      817 words
    • 630 14 OCEAN SHIPPING ENTERPRISES PTE LTD RM 10? 210 3 MARINA HOUM SHfMON WA* MIST Rl ROAD MV.Af'ORf U l .'A. u 7 K 22' 13 70 SANKYO LINE AUSTRALIA SERVICE P. Keiang Swnrt Lead LOG6TK ACE MAT CMP MAY SKY 1/3 May 4/5 Mir STD. MEL. (ACQ) 13/15 May 10/12
      630 words

  • Page 15 Advertisements
    • 694 15 Overseas I Containers Limited Sfe* PJUHI im I'taf LiNm lav Mm 2Cfe 27 fe It Mm 29 fey 21 fey (25 Mr) 11 fey Mtafera 34 fe am, 22 Mr 23 Mr 25 fey 21 fey EfeMn 4 My 21 Iter 21H* 29 Mr life 24 fey Lferpfe fey I
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    • 674 15 GRANARD LINE G'anaffl Snipping Aqencies |Si Pte Ltd Tel *****77 (5 Lmesi D'H S I rjfl.nq bflr BM! A.vj Shipping 4 ''jd'ng £i!e'P' sn AMERICAN PRESIDENT LINES STRAITS EXPRESS CONTAINER SERVICE Loads* for New fork, East Coast and Guff ports by IM-Landbridfe Los Anfoles, San Francisco and Seattle wgapore f
      674 words
    • 352 15 BEN LINE CONTAINERS El BEN ASIA CONTAINER SERVICE r EXPRESS CONTMB SOMCE STRAfTS/TNNM/MPMI s=.csc Line, ltd. r AN MDEPQOANT CONTAVCR SERVICE TO SEATTLE. VANCOUVER B.C. SM TOKYO SEATTLE VMK B C BtNVALLA 5801 2/5 13/5 PHMROSE 0979E 2/6 3/6 FOR MQUMES PLEASE CALL THE BEN LM STEAMERS LID. IVTH FLOOR,
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    • 398 15 Scan Dutch V WEEKLY EXPRESS CONTAINER •ii p imi *cai p imi Met 2/1 SCANDINAVIA i m m 3 Zu Mar 17/17 Ma 21/24 guni 1i Lii IZJHDCSS liZiJ3i£ZlizJi yifMi L*l MAAONE IYSU SONGMO +gaatj Tnpoa ROM RED SEA/EAST MED./WEST MED ft™ FOb MM. Mate. Lattataa. Pvaaas. Tripe*. CM»*a. I
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    • 447 15 BOUSTEAD SHIPP,NG AGENCIES THE BANK LINE LTD. LOADS FOR E. S. AFRICA Ctoom ft tl*i) S pan a/a Ik, P. Um| 30 lky/1 Jm FROM LAST I SOUTH AFMCA PolMt P. I FOR BANGKOK, MAMLA Sport M LVKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, 6alveston) P.
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  • Page 16 Advertisements
    • 750 16 M^mmm K LINE KAWASAKI KISEN KAISHA. LTD. TO EUROPE S po" P Kettnj LHanre ddain Htxirj Bremen A'wrp C ROZL I3W ***** 27 Apr »13 May 14 May It May 17 May 19 May ROMAN lACIWON 2W 2 May 3 May 19 May 20 May 22 May 23 May 25
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    • 690 16 H.S.A./EAST CANADA SERVICE tcarmt Fa/ia cam tans not pbmng. p. reiang. store load* far REN TOM. NOBFOU E.C./GREAT LAKES SERVICE 10MMK FOR mm TOM. NORFOU. BALTBNM. PNUSCLPNR. MONTREAL. *****0 -mmmar 20/21 h* io/ioim ivnm* -mmmcmmtar t/ttm amm 20/20 Mr CALIFORNIA/PACIFIC NORTH WEST SERVICE tar ios angeles. $m numceco. sums, tacorrl
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    • 323 16 c~ VAt.« f iNG 'Lf< «S .1' s s A ri SINGAPORE SHIPPING AGENCIES PTE LTD Or f AS B i'iO SG S'NGAPORI •..'3.S£s> GtSFBA. 9'JM- 't.iMS OS .SSBB A B CAHSMif#' A 8 i. f CABGCS«'P S!\(,APORt: ISLANDS UU IIgIBIIUUk MIPDI.t EAST Rk'dULAK USER A SAFE WAV TO SHIP
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    • 688 16 K*H INTfmATIOHAI SHtTHNQ Co**o*ATtoH WKHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA 1) Makao Stockholm Oil* HMsite. 2) Co«eidi*m Aaisterdaai UK. 5) Bask. Oordtaw Also accept** caffo to Honjkonf lapan Aarhui 3) Btmmd 4) EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T| Man S port P Ma* Ptnang lufcf tar to tart 27/29
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    • 497 16 t INTRASEA (PTE) LTD. <ibr>'House 34F 2 > c l 23-«405 Line STRAITS/AUSTRALIA SERVICE S«e«pofe P Kdam Loa** tar ORTIMER 1.13 VS» 12 Ma? Sydney/Melbourne/ AdeMe Af«*» »W" BMBUU (PIE) ll> 2JWU HOOK ZB4M7 B-LWM>- TEOMMMB6 UK MM. 4M742. MK7I ALPAC LINE SOUTH AFRICA SERVICC S pore P KeUng Penang
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  • Page 17 Advertisements
    • 127 17 CELTIC BULK CARRIERS Regular Bui For Timber 1 Spore P. DEVON CITY Ft WY 1 8/5 VANCOUVER CITY FE VOY 2 F.T IVDOIESIAI Q&IEITALLIVES JAKARTA KGOLM DEPEMMOE EXPRESS SERVICE TO t FROM BOONEStA COM MUM OIH MY*. Xtm MMT» fcNrt I| Pmk (Murtt) 2t/n *> Wik*M IC/27 Apr a/n In
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    • 55 17 ANHSINaOVERSEAS LINE mUmk EGUjyi SEM-CONTMO/UO SOMCE < S'p« P. K«iw| P«M| In** far. *UNUN BM.TMME.. k Nrt mu *UMM TOM 21/30 Apr Jedd*/He4edah 2222 H2ES! 1 w*" IMON BANGKOK2I/23 May MM m STRONGWILL ENTERPRISE (PTE) LTD "8B c 1 S f0«l 'I iii Nl s M 8«« u'ct i.j'Ki ASIA
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    • 66 17 NOR IE NT LINE JIJiPP' 6a* no* it m u vm MM FARGO SHIPPING COMPANY (PTE.) LTD. 80 7 RTMFtOOH oct a\ building s'purf TEL *****5 DOO-SUMBER (Sj PTE LTD CHOW HOUX *****2. MMBON M> ST«K TH: 2210*44/5 STO« PCNANG LOAONGFOR: im "CHUNG MMC" 27/4 30/4 POMNG ■w -sawtsr 10/5
      66 words