The Business Times, 8 May 1979

Microfilm: NL10176
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES No. 141/1/7# TUESDAY, MAT 8,197» 50 CENTS
    9 words
  • BRIEFLY...
    • Article
      Lock icon Speculation denounced
      63 1 AFP BEJING (Peking), Mon. The official Chinese press today denounced the appearance of "speculation" in the countryside following the reinstatement of free makets and private plots for peasants. The People's Daily, quoting the north-eastern provincial Liaoning Daily, said that a small number of peasants seeking exorbitant profits had
      AFP  -  63 words
    • Article
      Lock icon Right on target
      89 1 AP ABADAN, Iran, Mon. Iran's petroleum industry, once the world's second biggest exporter, has apparently weathered a crippling economic storm in the wake of the Islamic revolution. Industry leaders feel it is "right on target" to meet the country's urgent needs. As major industries continue to flounder,
      AP  -  89 words
    • Article
      Lock icon Beware oligopoly
      77 1 AP BRUSSELS, Mon. The European Commission today warned of a growing tendency towards oligopoly market control by a few companies in the nine-nation Common Market. In its eigth annual report on competition, the commission said it undertook more than 24 studies in 1978 investigating economic power concentrations, and
      AP  -  77 words
    • Article
      Lock icon Final SALT talks
      62 1 UPI WASHINGTON, Mon. US Secretary of State Cyrus Vance and Soviet Ambassador Anatoly Dobrynin met today in what informed sources said could be the final negotiation session on the substance of a SALT n treaty. The single remaining issue, laying out guidelines for the limitation of multiple
      UPI  -  62 words
    • Article
      Lock icon Sino-US trade talks
      74 1 Reuter BEIJING, Mon. The United States today began talks on a trade pact with China amid signs that agreement could prove a complicated task. After an initial tw»-l>our meeting here between US Commerce Setifetxry Mrs Juanita Kreps and Oitnese Foreign Trade Minister Li Qiang (Li Chiang), US
      Reuter  -  74 words
    • Article
      Lock icon Dow Jones
      85 1 AP NEW YORK, Mon. The stock market declined broadly this morning. The dow jones average erf 30 industrials, which hit a seven-week low on Friday, dropped 5.46 to 842.06 in the first half hour. Losers outnumbered gainers by close to a 4-to-1 margin among NYSE-listed issues. Analysts said
      AP  -  85 words
  • Chief Price Changes
    • Article
      SINGAPORE
      130 1 Rises Most Active Stha Kiata D K*raatl 780 1370 110 70 S Darby 383,000 TroMk Miaea 1040 85 U 0 Land 271,000 Berjaatai 870 80 UOB 164,000 Petaliaf Straits Tradiag OCBC 1040 725 900 50 50 +40 K L Kepoog 139.000 Total Turnover: 5.44m T Harbour 470 38 Total
      130 words
    • Article, Illustration
      KUALA LUMPUR
      153 1 Rises Most Active iuo +80 Consplant 389,000 Malayan Tin mo +80 S Darby 282,000 A. Amal Petaling U 0 L Loan (00 1060 138 +65 +80 +56 High A Low K L Kepoog 161,000 157,000 S. Trading 735 +50 Total Turnover: 4.20m Troaoh 1050 +50 Total Value M|12.77m
      153 words
  • Article
    H. Leong gears up for banking
    853 1  -  STAFF RECRUITMENT BEGINS By QUEK PECK LIM Financial Correspondent Discreet preparations are now in progress to ready the Hong Leong group for its debut into commercial hanking Recruitment of staff, first to work in the various financial and property subsidiaries of the group, has
    853 words
  • Article
    Tins buoyant
    202 1 TIN stocks forged strongly ahead and provided the catalyst for bultish trading across a wide (root at the Stock Exchange of Singapore yesterday. It was the most buoyant session seen in several months. Until the closing bell, sentiment ruled strong. Blue chips were particularly bullish as investors, including
    202 words
  • Article
    Another crack at Icap issue by ministers?
    587 1 A VISIBLY tired Mr Sim Kee Boon, leader of the Singapore delegation to the Asean/Australia air talks, returned to Singapore from Kuala Lumpur yesterday pronouncing himself disappointed "that after much labour, we are not even producing a mouse." Mr Sim, Permanent Secretary (Communications
    587 words
  • Article
    IT'S AN ILL WIND
    112 1 SINGAPORE has clearly felt the 111-effects of the recently-introduced Australian ICAP policy, as the latest tourist arrival figures published by the Singapore Tourist Promotion Board yesterday would tend to imply. February figures (the policy was implemented on Feb 1) show that the num. ber of Australians
    112 words
  • Article
    OCBC on the lookout for openings in China
    176 1 THE OveriM-ChlitM Baaklag C»rp*ritUi (OCBC) will to the |1 >|m la Hi V4UHI B linlilii to wtrthato to IheCklatar iliitslaalliß Mm." 110 lIJNUVC 10 MMr eat wttk the fact that fMagapai i*i liifHt toeal bft k ■•Utolu t*« 4—f aai ShaaghaL It
    176 words
  • Article
    Two accept product development scheme grants
    481 1 TWO LOCAL companies awarded the Product Development Assistance Scheme grant have accepted while a third is still considering the award. The reluctance to accept the award made by the EDB, the sole administrator of the scheme, was due to dissatisfaction over the amount and
    481 words
  • Page 1 Advertisements
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      410 2 COURSES AND TALKS March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development April 30-Aug 24: Tuition Courses for the Australian Insurance Institute Associateship, sitc, srrc May 4-24: Industrial Relations, Holiday Inn, Personnel and Organisation Development May 18: Training A preparation of welders for qualification
      410 words
    • Article
      New NPB courses
      176 2 THE NATIONAL Productivity Board will be conducting a series of marketing and production control lectures as part of two new courses. The first course, on production planning and control, is designed to train supervisors in production control and storekeeping. The two-week course begins on May 21 and
      176 words
    • Article
      Hallmark Camera expands capacity
      497 2  -  $1-MILLION NEW INVESTMENT By JOHN LIM HALLMARK Camera which makes simple, inexpensive cameras, is investing $1 million to expand its operations in Singapore. The company, catering to the lower-end of the market, is one of the few firms that manufacture cameras here, besides the well-known Rollei.
      497 words
    • Article, Illustration
      OMI SETS UP AGENCY IN S'PORE
      135 2 OGILVY and Mather International (OMI). the fourth largest advertising agency in the world, has set up a second independently operated advertising agency in Singapore. Named Meridian Advertising, it began operations on March 1 and has since chalked up bUUngs exceeding 12 million. "The opening
      135 words
    • Article
      Joo Chiat POSB opens
      49 2 THE JOO Chiat branch of the Post Office Savings Bank was opened for business yesterday. Business hours here are from BJO am to 4.30 pm daily except Sunday. Withdrawal is up to $5,000 in cash, and 110,000 by cheque. Safe deposit boxes are also available.
      49 words
    • Article, Illustration
      Machine Asia 79 will be the biggest ever
      486 2 MACHINE Asia 79, to be held at the World Trade Centre from Oct 15 to 19, will be the largest multinational trade show ever held in the region. Demand for space has increased by 85 per cent over the first Machine Asia
      486 words
    • Article, Illustration
      Coils of all sizes from Australia
      167 2 MAJOR sales of electrical e«Us maaafactared by an AuMbi company far large tracttea motors and geaeraters have beea —if recently to Slagapere and the Philippine*. Electrical ceils for the largest DC traetlsa meters, gene raters sad steel drives la veitages sp te n,MfV are
      167 words
    • Article
      Keeping your car from the scrapyard
      175 2 ABOUT US$3.5 billion (8*7.7 billion) worth of motor cars ended up in the world's scrapyards each year through corrosion. This is a drain on the economy of non car-producing countries particularly Third World countries that are also in the world's rust-prone belt. The president
      175 words
    • Article
      Prospects of Kikkoman sauce plant in Singapore
      281 2  -  By RONNIE LIM ONE OF the largest Japanese sauce producers, Kikkoman Shoyu, famous for its "Kikkoman" soy sauce, is currently. investigating prospects for setting up a soy sauce plant in Singapore. Two company officials were here earlier this month to conduct a market
      281 words
    • Article
      Thomas Cook cheques are going places
      320 2 THOMAS Cook, a large British travel corporation, has embarked on an extensive campaign to market its travellers cheques in the Far East. Mr Scott Thomson, regional director of Thomas Cook Bankers, said yesterday that the company is currently preparing the groundwork. "Thomas Cook has
      320 words
    • Article
      Regional forum on standards
      168 2 THE SINGAPORE Institute of Standards and Industrial Research (Sisir) in cooperation with Carl Duisberg-Ge-sellschaft (CDG) of West Germany will be organising a regional seminar on "Applied standardisation and product certification in electrical engineering to promote international trade." The seminar, from May 16 to 23, is sponsored
      168 words
    • Article
      BRUNEI GENERAL HOSPITAL BUYS COMPUTER FACILITY
      242 2 THE GENERAL Hospital of Bandar Seri Begawan, Brunei, in its bid to modernise its facilities, has ordered a laboratory information system costing 1600,000 from a data-processing equipment supplier in Singapore. The contract was recently awarded to Dataprep (S) Pte Ltd. The system will use
      242 words
    • Article
      On environmental control
      31 2 THE SINGAPORE Polytechnic's Division of Mathematics will cooduct a 15-lecture course on "Environment Control from June 6. Closing date for applications is May 12. Course fee is S5O.
      31 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      121 2 mm Aofc <1 V mset j rfr 4 rs rii *7^ 7'i iX V iw 3 sfc 1 I rs i ss Kt £Si At last, reach the big spenders. Leisure Times is right on target For as little as $15, you can reach the swankiest, the best dressed, the
      121 words
    • Advertisement
      Page 2 Advertisements Column 2
      51 2 Earl Nightingale featuring audio-visual presentation and group interaction in 12 mind-expanding sessions. They wDt motivate you to •Achieve top-paying jobs •Spot profitable opportunities •Act on money-making ideas •Guide your own destiny With Action-Prompters: simple actions tor quicfc results ft to gauge your achievements om#4III itK For full details ft FREE
      51 words
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  • REGIONAL
    • Article
      Lock icon Point blank criticisms of Japanese defence flaw
      455 3 AP JAPAN'S Self Defence Force does not even have enough bullets to meet an attack because of the government's restrictive budget, said a Defence Agency budget expert. The budget expert who wished to remain anonymous said some Japan's Defence Agency officials have agreed
      AP  -  455 words
    • Article
      Lock icon China warns of Viet hegemony
      183 3 Reuter CHINA yesterday accused Vietnam of seeking regional hegemony and building up a "South-east Asian federation" under its domination, the New China News Agency reported. The official People's Daily in a lengthy article, quoted by the agency, also warned the Vietnamese authorities that "if you
      Reuter  -  183 words
    • Article
      Lock icon Textile buying
      91 3 AFP A SOVIET textile delegation is expected in India shortly to purchase 140 million rupees (about SJ4O million) worth of goods, it was reported from Bombay on Sunday. The delegation would buy 33 million metres of fabrics, mostly printed and processed varieties, as part of the annual trade
      AFP  -  91 words
    • Article, Illustration
      THE COOL VOLVO LOADER
      120 3 VOLVO BM 43M, the latest product in the Volvo BM's range of heavy equipment, made its delmt at the recent International Exhibition of Materials Handling and Construction Machinery (Emaco) in Koala Lumpnr. Hie loader's cabin is folly- airconditioned and is salted for backet as well as
      120 words
    • Article
      Lock icon Commodity prices on the rise in Indonesia
      330 3 AFP PRICES of certain commodities in Indonesia have increased due to supply shortages following the devaluation of the rupiah, according to Trade Minister Radius Prawiro. The supplies of some commodities such as com and cement for home consumption dropped sharply as large quantities
      AFP  -  330 words
    • Article
      Lock icon Taiwan's electronic exports increase 1,300-fold
      219 3 AFP TAIWAN'S EXPORTS of electronic products in 1978 exceeded US$2 billion (554.34 billion), its Industrial Development Bureau reported. The 1978 exports, totalling 12,006.5 million, represented a 1,300-time increase in 15 years. Imports of electronic products last year totalled $1.33 billion, an increase of 260 times.
      AFP  -  219 words
    • Article
      Lock icon Jakarta exchange admits PT Centex
      176 3 Reuter THE JAKARTA Stock Exchange said it has allowed P T Century Textile Industry (P T Cekitex) to go public and trade shares. P T Centex, an Indonesian-Japanese joint venture, is owned by Toray Industries Inc. Kenematsu Gosho Ltd, Tokay Senko Co and Kurabo Industries,
      Reuter  -  176 words
    • Article
      Lock icon Hanoi blames weather for poor crop
      228 3 UPI VIETNAM yesterday blamed bad weather and the lack of fertilisers for a spring crop that is expected to be the worst in many years, thus aggravating the country's food shortage. Radio Hanoi said the anticipated low crop yields will have a direct effect
      UPI  -  228 words
    • Article
      Lock icon Refugee quota raised
      268 3 AFP AUSTRALIA will take in another 12,000 Indochinese refugees during the next 12 months, its Minister of Immigration and ethnic affairs, Mr Michael Mackellar, said in Kuala Lumpur yesterday. He said about 7,500 of them would be Vietnamese refugees in Malaysia. This would bring the number of
      AFP  -  268 words
    • Article
      Lock icon KL TRADE SURPLUS SOARS
      126 3 Reuter PENINSULAR Malaysia's trade surplus for the first two months rose sharply to M 5670.4 million from $152.8 million in the same 1978 period. The country's Statistics Department figures show that February trade surplus fell to 1269 7 million from $400.7 million in January, but was
      Reuter  -  126 words
    • Article, Illustration
      Lock icon China readjusts but basic goal stays the same
      605 3 NYT MR U QIANG, China's Minister of Foreign Trade, acknowledged on Sunday his country is undergoing a major "readjustment" in its economic development programme, which in the period immediately ahead would involve retrenchments in heavy industry imports of capital goods. But Mr
      NYT  -  605 words
    • Article
      Lock icon Kampuchea warns Thailand
      236 3 UPI Reuter THE Vietnamese-backed government of Kampuchea yesterday delivered a sharp warning to Thailand to protest the alleged flight of Thai military planes deep into Kampuchean territory. A Foreign Minstry statement carried by the Kampuchean News Agency warned "these provocations are full of dangerous consequences." "Thai authorities
      UPI; Reuter  -  236 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      256 3 The Third Great Postwar Boom and the New Versions of Market Explosions which Built Fortunes The first major boom as we emerged from depths of the 1940s was the U.S. Russian strategic missile race, with rocket-engine maker THIOKOL climbing from less than $2 a share to $59 between 1955 and
      256 words
    • Advertisement
      Page 3 Advertisements Column 2
      86 3 ■J 1 <»•' r. > Big cars always cost big money, but not everyone can manage with a smaller vehicle. There are those who crave and need the accommodation, luxury and comfort of a big car. The Mazda 929 L Legato has been <'j iln' f»: i i V- I!
      86 words
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  • RAW MATERIALS
    • Article
      Lock icon Rise in Zaire's copper backlog
      770 4 PRODUCTION PROBLEMS Reuter ZAIRE'S backlog of undelivered copper under contract will be higher at the end of this year than the 50,000 tonnes outstanding last January on 1978 contracts, Mr Nyangezi Kulimushi, European representative of Sozacom, the Zaire state metals trading company, said. This was
      Reuter  -  770 words
    • Article
      Call to raise tin price ceiling
      256 4 MALAYSIA will pre— far a higher edOag price far ttm la the eetniag seastoa sf the lateraattoaal Ha Ceaa* dl ia Luiia sehedaled to begia «a Jaly 17, Primary latatrtee MlaMer Paal Leeag saM today. He heped that Beihria, Thallaad, Mwh ami ether tia
      256 words
    • Article
      Lower Japanese oilseeds imports predicted
      326 4 JAPAN'S imports of soyabeans this calendar year are forecast at between 4.15 and 4.25 million tonnes, down from the record 4.26 million tonnes imported in 1978, according to a field report from the US agricultural attache in Tokyo. The report said imports of soyabean meal
      326 words
    • Article
      RUBBER
      241 4 OPENING prices in Singapore yesterday were marked down about half a cent in early trading. The market later fluctuated narrowly, dealers said. May demand, local and upcountry buying and tellers' reserve were noted. The morning session closed slightly higher with May One RSS buyers quoted at 279.25 cents per
      241 words
    • Article
      RAS PRICES
      356 4 R.AB prices in cent* per kilo yesterday: rt. Buyer lat. 1 R.S.S prompt f o b. 282.00 tat. 1 R.S.S. May 278.25 Int. 1 R.S.S. June ***** Int. 2 RS-S 270.50 UK Coot MOJO lat. I RSS *7 .30 UK/CM 388J0 lat. 4 3(4.50 UK/Coat 381.50 lat. 5
      356 words
    • Article
      SSR and SMR
      84 4 noon an mi SMR pntm j> mm+r. RAJ M«7 tat (I-lapribU ml Mtfc) •n >»■»»» E5UC 98* JO MLOO noooN Ma oo 771 OON SSK JO MBKLB HMHW X600 JfOON 186.00 MTjOON SMRCV UMpAU M7JC jmjon aut MtwMN SMR6L (1 -tm pUm.) mtj» HO ION MUO MSCS
      84 words
    • Article
      Palm oil
      65 4 CAT. North European porta, in U8 dollars per ton unle otherwise sUUd. LONDON: fH Malaysian 5Hffa bulk per tonne n June unch MQalr Sumatra 5* ffa bulk April unch May aiSalr BBS'iSlr StOpd June 07Salr 679pd July 972-. air anopd August unch aom/easpd unq Nigeria 5% ffa bulk
      65 words
    • Article
      Straits tin
      64 4 THE STRAITS til price la Pmim yesterday rase Msl to a ptoal, to stead $2t2 above the laterarttoaal Tla AgreeDMI fWliigs The market rase marginally ever tee weekead ea a steadier Lafci flali last Friday aad fresh haylag tresn Japaa aad tee US, dealers said. Tatal turnover amounted
      64 words
    • Article
      Closing prices
      30 4 Rubber: May 7 Singapore: May: 279.50 cents (up 0.50 cent) Malaysia: May: 281.25 cents (up 0.26 cent) Tin: g1,962 (up $1) Official offering: 196 tonnes (down one tonne)
      30 words
    • Article
      Hongkong Comex
      144 4 THE SUGAR futures market yesterday closed easier in quiet and featureless trading, with no trades registered as on Friday, dealers said. May closed at 8.40/45 US cents against Friday's 8.50/ 53 close, July at 8.75/80 against 8.83/86 and March at 9.79/84 against 9.87/90 cents. Sugar futures rinsing prices:
      144 words
    • Article
      Lock icon Japan buys Thai rice
      83 4 Reuter THE Japanese Food Agency said it will invite offerings for an import tender of 6,000 tonnes of Thai broken rice this week. The tender follows a government-to-government basis agreement signed by Japan with the Thai Foreign Trade Department, it said. The shipment, in May and
      Reuter  -  83 words
    • Article
      Produce exchange
      317 4 WITH NO new development to stimulate overseas buying interest, trading on the Singapore produce market yesterday took the usual dull and routine Monday pattern. Business was minimal and all confined to local covering deals. Copra and coconut oil prices continued to strengthen even in the absence of big
      317 words
    • Article
      Rice
      330 4 SINGAPORE: Yesterday's closing prices in SS per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0.95, 100 per cent second class OJS, 100 per cent third class OJO, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.62, Special OJ6.
      330 words
    • Article
      Textiles
      194 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Caten yarn: China Blue Phoenix 30s 2J40; Ss 2J38 80s 3,080 (per hale of 400 lbs). Plans geeAi: China Butterfly and Globe brand unq; Dragon Head unq; Ftve Lambs uaq. Flower and Butterfly
      194 words
    • Article
      Lock icon USDA allows revision of HK cotton futures
      112 4 Reuter THE PROPOSED revision of the Hongkong Commodity Exchange's cotton futures contract has obtained approval from the US Department at Agriculture. Hongkong Commodity Exchange management committee president John Wilson said the exchange wants to revise the cotton futures contract to permit delivery in
      Reuter  -  112 words
  • ASIAN STOCKS
    • Article
      Profit-taking prevails
      584 4 TOKYO THE post-holiday market succumbed to profit-taking pressure The Nikkei Dow-Jones average declined (or the first time in (oar days and dosed with a loss o( Y 32.54 at Y 6,253.56 In the morning session, the market opend firm with interest mainly on resources-relat-ed issues and some cyclical
      584 words
    • Article
      Sydney
      220 4 A. C. Co INDUSTRIAI L IU -8 1 -l A. M. A 9. i u. IT ia m M M ♦1 1 -1 rrv~ un •M eh Bank NSW Ami a c. a. A11 a o c. a k n Coal Ollad m -4 uuntop Kb. tad »> BOCil
      220 words
    • Article
      Manila
      69 4 I THE MARKET rhwil mixed yesterday with miwiiy« »bH oils higher while commercials declined, dealers said. pp M -MMB COO -0J5 JIM until TJJO tU BJO JB oatsb 11.10 +1 23.00 -U OrttsUI A Oriental B .1000 +UB PbU Owmu PtiUax A IB 0J01 Phitex xm -0j06 neap A
      69 words
    • Article
      Hongkong
      304 4 MARKET gained momentum on improved turnover as local investors adopted a more confident posture. Institutions participated with the belief that interest rates have finally peaked and that this may signal an end to the sluggishness of the past few weeks. Blue chips led the market and saw share prices
      304 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      375 4 NEW BOOKS ABOUT ASIA The Asia Pacific region has always been a focus of world attention, but at the same time, there is a great deal of ignorance about the region as a whole, primarily because of the cultural, political, historical and other differences that exist amongst its member nations.
      375 words
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  • OVERSEAS
    • Article
      Lock icon East Jerusalem stays with us, says Israel
      237 5 UPI ISRAEL has responded to Egyptian calls for the return of East Jerusalem by repeating its determination to hold the Arab districts seized in the 1967 Middle East war. "Jerusalem is the eternal, united indivisible capital of the state of Israel," Cabinet Secretary
      UPI  -  237 words
    • Article
      Lock icon A BURNING ISSUE
      124 5 Reuter US FORMER Federal Reserve Board chairman, Dr Arthur Burns said in an interview over the weekend that the United States faces growing inflation and mounting unemployment unless it changes its attitude towards inflation. Mr Burns, who was removed frofri office by President Carter, told Newsweek magazine
      Reuter  -  124 words
    • Article
      Lock icon George Bush bares his winning ways
      222 5 AP US PRESIDENTIAL aspirant George Bush said he would win the Republican Party nomination the way Mr Carter won the 1976 Democratic nod: by outorganising his opponents in such key states as lowa and New Hampshire. But he said he would not emulate Mr
      AP  -  222 words
    • Article
      Lock icon Debate on minimum wage hotting up
      947 5 NYT THE MINIMUM wage, long considered a protector of the poor, may do more harm than -good, at least for American teenagers, a growing number of economists believe. Economists in the United States are hotly divided on many aspects of the question, but there
      NYT  -  947 words
    • Article, Illustration
      Lock icon Labour throws challenge at Lord Carrington
      445 5 BRITISH Labour Party leaders on Sunday denounced Prime Minister Margaret Thatcher's choice of a member of the House of Lords as British ForeignSecretary, calling it "undemocratic" and saying his policies will threaten EastWest detente. The new Conservative government chief, meanwhile, got her first taste
      UPI picture  -  445 words
    • WORLD IN BBIEF
      • Article
        Lock icon PRESSING CHANGES
        550 5 Agencies LONG OFFENDED by what they see as a "white man's bias" in news reporting from the continent, African nations have taken a major step towards realising a cherished and elusive dream forming a press agency free from Western control. After 13 years of disagreements, a compromise finally
        Agencies  -  550 words
    • Article
      Lock icon UK will increase defence budget
      273 5 Reuter BRITAIN will have to increase its defence spending because it is not bearing its proper share, said Mrs Margaret Thatcher in a preelection interview published on Sunday. She also sounded a strong warning against the Soviet Union's unchanging objective: domination of the world by
      Reuter  -  273 words
    • Article
      BACK TO THE DRAFT?
      89 5 THE POSSIBILITY of military registration for American male 18-year-olds, raised by a House subcommittee last week, has met with muted responses on college campuses. So far, there has not been much reaction in the nation's high schools. On the other hand, activists of the Vietnam era,
      89 words
    • Article, Illustration
      Lock icon Austrian socialists stay on in power
      341 5 AP AUSTRIAN voters, apparently pleased with nine years of prosperity under Chancellor Bruno Kreisky, gave his socialist government a mandate for four more years in national elections on Sunday. Based on preliminary final .returns, the socialists increased their majority in the 183-seat parliament by
      AP  -  341 words
    • Article
      Lock icon Iran's woes deepen
      74 5 UPI IRAN'S new Islamic constitution is being delayed because of Ayatollah Ruhollah Khomeiny's preoccupation with major economic and security problems. More than -three million workers have lost Job* for reasons ranging from summary shutdown of cabarets and breweries, to disputes over plants abandoned by the Shah's relatives
      UPI  -  74 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      764 5 ARRIVALS Service Local Operator Number Time From MAS MH671 0945 PEN/KUL CAL CI814 1000 HLP CPA CX710 1006 HLP GIA GA960 1030 HLP MAS MH606 1045 KUL SIA SQ103 1045 KUL SIA SQ211 1045 HLP GIA GA944 1055 PKU GIA GA908 1100 MES PAL PR501 1135 MNL
      764 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      130 5 Leading Australian bank with complete foreign exchange facilities opens Singapore branch. Bank of New South Wales, a major international banking organisation, is the first Australian bank to open a branch in Singapore. The branch is managed by Mr Laurie Gouge, whose international experience in New York, Tokyo, London and Australia
      130 words
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  • Article
    Protectionist door is ajar but...
    415 6 The question that now remains for Asean economic ministers to answer is not whether to agree to the compromise package that the Australians and Asean officials have hammered out but, how much more to ask for. There is little doubt that the latest round of
    415 words
  • Article
    Give Hong Leong a fair review
    330 6 BANKING licences are granted for a variety of reasons, not all of which are obvious at first sight. In the case of Hong Leong'S decade-long quest for such a licence, it may boil down to how much the authorities weigh the finance company's ability
    330 words
  • Article, Illustration
    Hear, hear, the Original Goldbug's here
    1448 6  -  James Dines is a man of controversy. Some believe him to be a charlatan, an equal number believe otherwise, fn Singapore to conduct a one-day seminar on gold and the future of investments, he talks'to QIIEK PECK LIM on his favourite themes and what
    1,448 words
  • Article
    Protect Muslim consumers call
    697 6  -  BY PAUL KAMINA ASIAN Muslim countries recently agreed in Manila on the need far specific labeling of all meat products to protect Muslim consumers from eating food which is forbidden or considered impure by Islamic laws. During the Second Session of the 26-country Codex Coordinating Committee
    697 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      128 6 J ■I: A if 'f —vr -V ■j i X A PENGUIN i I: <- 4 "S V i THE MALAYAN TRILOGY This famous trilogy wittily dissects the racial and social prejudices of post-war Malay during the chaotic upheaval of Independence. Through a succession of splendidly colourful characters, Anthony Burgess
      128 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1258 6 Advertising an art IP YOU haveal keea fel- the expMts sf a bug fa ea at Ml pjn. aa Ommri rlag ike ads la the expert. BTB l> really ale- 5 Is the Bret part sf a pen lately, er IHmhg aeerftag the art ef glnag fear-aart intftillM d 1
      1,258 words
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  • Article, Illustration
    Debt service ratio does S'pore proud
    1139 7  -  Two factors which determine a country's balance of payments outlook are the cur- rent account and the external debt service burden. The current account will depend on such factors as the rate of of domestic demand and world prices for export commodities among others.
    1,139 words
  • Article
    DEVELOPING NATIONS' RATING
    589 7 Carrcat rara M Nattaaal saviags m C7 V'D Nanker «f mm—<Hm m Tatal Defct icrviee •aea4-ivn ■allfc Mtai (eXf.) far 1178 at (fafldt) aa %at 1178 6NP fa m UNr, 5 yean 1177, average for*** IW aaTaf fatal 1177 ran* «a total iett, itn tt that debt
    589 words
  • Article, Illustration
    WHERE THERE'S A WILL, THERE IS A WAY TO GET EVEN
    565 7 WANT to get in the last lick in your lifetime battle against an unfaithful wife, a scoundrel of a son-in-law or a lazy nephew? A good way to get in your final, vindictive victory is to stick it to
    565 words
  • Article
    French stocks not likely to repeat last year's boom
    991 7  -  ...with Paul Lewis French stock prices jumped an average of 44 per cent last year, giving investors on the Paris bourse their biggest bonanza ever. No one is expecting a repeat performance in 1979. But brokers and analysts are remarkably united
    991 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      174 7 !l I L THE FIRST INTERNATIONAL RUBBER AND PLASTICS EXHIBITION FOR ASIA WORLD TRADE CENTRE, SINGAPORE. 26-30 MAY 1980. Evary yaar, thousands pf now nAtwr and plaa«e products •ntorVwmarM.WhtVwr lor uMin induatryor the homs, svary product rsAscts soms nsw dsvsiopmonl in snginssrtng or markotlng If you rs involved in *w
      174 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      55 7 NCST£j?DPf/ PfT GPST LOINCHUV WOSPITfM., PROFeSSOR PPCTTV OF Tv-C. GOSGGOUS Dis gcrrv OF <UEj£MRPHONG, ftRFoRmeD.. BliStoW: PraakltckenS SO MOUJ'S OUR NOTED 6CPJH SAJR&€OH J f*VOCN»NG UJHPO- ON gpvrth NOU T<e.U.*dG> rv>»?6 PReTrv/ I of KI££MRPH°N£ ThPCT n/OU OEALLY f\ BPfmn SU«G€jON Does ON Th£ LISTQ4 "10 "THIS. ll MtsroßV >
      55 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon P and O expects poor returns
      392 8 Reuter PENINSULAR and Oriental Steam Navigation Co Ltd chairman, Earl of Inchcape, said 1979 looks like a poor year but he believes that steps now being taken will lead to a better future for the group. He said the company has started discussions with
      Reuter  -  392 words
    • Article
      Lock icon SHELL UK SUFFERS SETBACK
      82 8 Reuter SHELL UK Ltd has suffered a pre-tax loss of £21.5 million against a profit of £1.3 million in 1978. Sales dropped slightly to £2.33 billion from £2.46 billion. Loss after tax amounted to £2 million (profit of £400,000). Pre-tax loss after investment income was £9.6
      Reuter  -  82 words
    • Article
      Lock icon GEC
      45 8 Reuter THE LONDON Stock Exchange said it has withdrawn from the General Electric Co Ltd call options exercisable at 300 pence expiring in July and October due to the absence of open interest. The underlying shares closed at 432 pence on April 27. Reuter
      Reuter  -  45 words
    • Article, Illustration
      Lock icon Gulf and Western shines
      659 8 Reuter GULF AND Western Industries has taken on a glittering new Hollywood image which to many investors is the most appealing side of this huge diversified concern. Small wonder the number of Wall Street analysts following the company's stock has grown in recent times. Last year
      Reuter  -  659 words
    • Article, Illustration
      Lock icon PanAm raises to US$50 bid for National
      257 8 Reuter PAN AMERICAN World Airways has formally raised its bid to acquire National Airlines to US$5O a share from the $41 offered previously. PanAm said in a brief statement that the increase was a necessary step at this time, "to accomplish the objective
      Reuter  -  257 words
    • Article
      Lock icon Tai Cheung to buy further stake in City and Urban
      344 8 Reuter TAI CHEUNG Properties Ltd has agreed to pay HKJI.77 a share for Hutchison Whampoa Ltd's 55 per cent stake in City and Urban Properties Ltd, Hutchison Whampoa said. Tai Cheung will also make an offer on the same terms
      Reuter  -  344 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      164 8 Where to wine, dine and entertain The American Express Card serves you wherever they serve great food MASSES'] Take a new look at the Harbour Grill Treat yourself and your business associates to an excellent lunch selected from our superb offering of choice US prime beef, our daily Nouvelle Cuisine
      164 words
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      Page 8 Advertisements Column 2
      89 8 r Singapore's V. celebrity r L O X .v Jh f f r t: L»e > lon Bar j c yjjl Apoltc b*ngap«C' (sfll tJL Barons Table. 1 In- Union's I (iIIIII.IV. III!) \l| I'.irilll] 1M I .isloll 1 t r~ v When the sun goes down let the MIDNITERS
      89 words
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      Page 8 Advertisements Column 3
      169 8 For sushi. For teppanyaki. For other authentically Japanese delights. hor reservations call *****7 /k rnliin I'ark Slu niKni '<• \NV t I II < .< > s LI I II >\ si i >li« > \ri I\<iiii i >u r i j»" •«>• t 11i i i< t\\ ill \i.
      169 words
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      Page 8 Advertisements Column 4
      129 8 In the Georgian Vftng of the Cockpit a splendid Period restaurant ifiering the choioest fare in the true British tradition where good taste triumphs from Beef \XfeUingm Btnerfty fillet and a wide choice of traditional dishes lo dining in a luxurious period atmosphere. Vfth service fnend and foe praise us
      129 words
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      Page 8 Advertisements Column 5
      0 8
      0 words
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  • BANKING AND FINANCE
    • Article, Illustration
      'A good deal of it is just male prejudice'
      1785 9 "THEY should all get married and stay at home," said a senior banker, half in jest, of female bank dealers. Funny as this may seem, it reflects to some extent the prejudices and discrimination that women still have to face in
      1,785 words
    • MONEY AND EXCHANGE$
      • Article
        Gold
        310 9 SINGAPORE gold futures yesterday closed generally firmer against last Friday's closing levels in active trading, dealers said. Opening quotations were marked up around US|2 in line with the metal's strength in New York last Friday and the market thereafter rose further on local buying interest and the rise in
        310 words
      • Article
        Asian $ rates
        175 9 Asian rates .ASIAN currency deposit interbank rates as at close on May 7: 7 days 1 months 2 months 3 months 0 months 9 months 12 months US D*Oar*<8«*t) Ottn mi 10i 10H 10H 10W 10'vk 10*. 10 15/1010 13/16 iih tm ii'-» u 11H U Sw^rs. Dm. r, i
        175 words
      • Article
        Discount
        44 9 RANGE of prices often ad by diacount haute oa May 7: Overnight 4HW OH deposits 4W% Clsstec 3 month Treasury bills 48/10 47/16 3 month Bank bills 75/16 73/16 3 month CD 6*« 6H 6 month CD 61V16 13/16 <—m; National Dkeowl Co
        44 words
      • Article
        MLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • Article
        Hongkong
        79 9 THE YEN yesterday rose sharply in late trading here on press reports from Tokyo the Japaneae government has decided to increase intervention to stabilise the yen, despite a denial by the country's Finance Ministry officials, dealers said The Japanese currency rose to 217.00/10 to the US dollar from its
        79 words
      • Article
        Singapore market
        493 9 THE US dollar plunged against the yen on foreign exchange markets yesterday as dealers reacted to reports that the Japaneae government plans to support the yen at the 220 level. Opening at 222.00/10 against the Japanese currency in the morning, the dollar phnnmetted by more than six yen
        493 words
      • Article
        Tokyo
        214 9 THE DOLLAR for overnight delivery yesterday closed shandy weaker at 217.00 yen, compared with a 221.80 opening and 222.80 at Friday's cloae. Dealers said the Bank of Japan appeared to stay out of the market in afternoon trading when the US currency Ml sharply, but some said they detected
        214 words
    • Article
      Asian $ market chalks up impressive gain
      225 9 Asian market chalks up impressive gain THE ASIAN dollar market in Singapore edged cloaer to the US$3O billion (about Ss6s billion) mark by r-hainwg up a massive increase of US$2.O4 billion in March this year. The figure at end-March stood at U5529.85 billion. According to the Monetary Authority of Singapore's
      225 words
    • Article
      Lock icon Jakarta assets, liabilities slip in March
      226 9 Reuter TOTAL assets and liabilities of Bank Indonesia fell to 5.43 trillion rupiah at end March from 5.53 trillion rupiah a month earlier, but rose from 3.24 trillion a year earlier. Provisional Bank of Indonesia statistics show that gold and foreign exchange assets totalled
      Reuter  -  226 words
    • Article
      Lock icon Citibank may change prime rate formula
      184 9 Reuter CITIBANK is considering changing its prime rate formula to make it reflect market conditions more accurately. Executive committee chairman Edward Palmer aald the present formula does not reflect market coodttkms and the bank decided to listen to the market and not the formula
      Reuter  -  184 words
    • Article
      Fed rattles US credit market
      552 9 THE FEDERAL Reserve policy has kept the credit market nervous and interest rates have fluctuated widely Yesterday, the authorities further shook the market by announcing reverse re-pur-chase agreements with Federal funds at 10'/, per cent, thus raising the spectre of another round of tightening. That
      552 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      43 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 i CALL: DEALERS TEL 2&M744 TELEX: RS2S4II MEMBER OF CREDIT SUISSE-FIRST BOSTON GROUP OF COMPANIESINTERNATIONAL SECURITIES DEALERS
      43 words
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      Page 9 Advertisements Column 2
      77 9 BUSINESS TIMES GIVES YOU THE EDGE Every single business day. Business Times keeps you informed of essential financial, commercial and industrial news. Economic Trends. The Money Market. Price Indices. Company News, Reports. Opinions and predictions. Can you really afford to miss Business Times? Subscribe now ut tat and post today
      77 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1765 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word •set." Big Board deals
      1,765 words
    • Article
      Stock options
      97 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday, the period, bids and offered prices and business done, if any, with the number of options traded shown in brackets. CsU Storage (June 12.00) (0.558 0.725) (7) O.TO. CMC (June 12.60) (0.548 0.625). Haw
      97 words
  • Article
    SHARE INFORMATION SERVICE
    2720 10 Gr's Gr's Net l»78/79 Coaptiy Last Div Div YTd P/E Vol Dav High ■Low Sale ©r- Cvr COOO) High Low SECTION ONE i 1 INDUSTRIAL COMMERCIAL 261 207 Aetna 255 1 12.0N 14 4.7 27.7 6 255 256 180* 123* Alcom 182 10.0 22 5.4 242 142
    2,720 words
  • Article
    In Kuala Lumpur
    1921 10 BID and otter prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday wltfi the number of shares traded shown In brackets In lot# of 1,000 units unices otherwise specified ■WBUli Acme (2 SOB 2.MS) AJtaanate (2.508) Afeaai (1.878 I MS) (2)
    1,921 words
  • Article, Illustration
    Tin stocks in the limelight
    627 10 MINING STOCKS stale the limelight la a geaerally qalet tat steady stock market la Siagapere yesterday. Galas ameag tias were wtde-raagiag eaaagh to saggest that ssmethtag knllt«k mad muum in usi of Drfwini la the tla ladastry. Seme d them eajsyed a sellers' market as
    627 words
  • Article
    Prices close higher in KL
    396 10 PRICES closed firm at the Kuala Lumpur stock market yesterday, with interest once again focussed on commodity stocks and selected counters on the industrial board. Most counters opened with prices higher than Friday's close, and generally continued to improve throughout the day. Losses turned in
    396 words
  • Article
    COMPANY MEETINGS
    78 10 MALAYAN Cemeat Bhd: AGM to be held at 1st Floor, Wisma Damansarar, Jalan Semantan, Damansara Heights, Kuala Lumpur at noon today. Gatkrie BM: AGM to be held at 39 Sixth Avenue, Singapore, at noon tomorrow. Amkwlir Hatel Ltd: AGM to be held at the Conference Room, 5th Floor,
    78 words
  • Article
    Unit trusts
    159 10 SINGAPORE UNIT TKU8T (Maaager** prtm far Ite; I) The Commerce 2.30 2.44 The Saving Fund I S 1.47 S pore Prog Fund 1.02 1.08 S pore Sec. Fund 1 Jl 2.01 S pore Invest Fund 1.35 1.43xd S pore Equity Fund 1.00 1.01 INCOME BOND UNIT (Cwreat prima)
    159 words
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  • COMPANY NEWS
    • Article, Illustration
      NSOP achieves $27m windfall
      466 11 THE Malaysian Capital Issues Committee (CIC) has approved the revaluation of Negri Sembilan Oil Palms (NSOP) Estates which has produced a handsome captial surplus of M 527.7 million for the group against its paid-up capital of $11.67 million. The approval places a total value of $37.03
      466 words
    • Article
      SETRON (M) IN THE RED
      188 11 SETRON (Malaysia) stamped lata the red fa tke year eaded Dee SI, I*7B, wttk a aet lees sf $148, Ml despite assaraaees by duUnnaa Mr Wee Che Taw la Mi last aaaaal review that 1918 shaald be a profitable dreamt>aw«. The lass is after depwMaUsa
      188 words
    • Article
      DIVIDENDS ANNOUNCED
      639 11 Current Ex Payment Dnte < Booka Date Total for Total for Close Pnynble the yenr Previous year Guthrie N 8 T UOL G Ceramics GE Life Rikaan Hyd St Steamship Ajisomoto Bata (M) Dulsp Eat ICB OCBC Esso Ord Intraco Dunlop Industries Ambassador Carts berg High Low Nat
      639 words
    • Article
      SCRIP ISSUE
      195 11 Coapujr Partlcalara Ex Data Books Cloao Rosy A potto OC BC UUl Plant OUB Oriental HMgs Bo via SKA Mai Flour Olyapia Bonus Issue of 2 for 5 Rights Issue of 1 for 1 t SI .00 per share Bonus Issue of 1 for 5 Rights Issue of
      195 words
    • Article
      Every square metre pulling its weight
      398 11 C. K. TANG has obviously reached its "saturation point" in respect of maximising the profits that can be derived from each square metre of sales space in its present location. The preliminary results of the company recently show a pre-tax profit of $3.34 million
      398 words
    • Article, Illustration
      C and C turns in lower earnings
      348 11 CYCLE and Carriage Ltd has turned in an interim profit of $23.58 million for the six months to March 31, 1979 18 per cent lower than that reported last year. The holding company itself made a profit of $19.30 million, 31 per cent
      348 words
    • Article
      Amcol's joint venture
      335 11 AMCOL Electrical Industries has agreed to form a joint venture company with Lim Kim Hai Electric Co., Mr Lee Lien Shen, president of Kok Hong Electric Wire and Cable and Mr H. J. Fane, planning manager and director of Allied Glass Industry Corp of Taiwan, to reactivate
      335 words
    • Article
      Please clarify HMS issue, UOL directors
      457 11  -  Letter to the Editor P Investor Dear Bb, I refer to the disclosure in the 1378 annual report of United Overseas Land (UOL) of the government's disapproval for development of the prime land at T&nglin owned by its wholly-owned subsidiary. Mount Echo Park Pte.
      457 words
    • Article, Illustration
      Lock icon Waiting for the OUE nest-egg to hatch
      466 11 by HOCK LOCK SIEW GOOD BUYS are aet difllcalt to came by ia the leeal market, evea at earreat prftse levels. Seme sf tbeee stocks are especially wertk gettiag late ea parety shert term teehaieal streagth rsasidrrtfisM while ethers are meaat mere tor
      by HOCK LOCK SIEW  -  466 words
    • Article
      COMPANY BRIEFS
      263 11 PAN Electric lad utiles and Growth Industrial Holdings (GIH) informed the SES that they have formed a joint venture company with Dover Industries of Hongkong known as Dover Electronic Industries Pte Ltd to manufacture and sell electronic toys. The authorised capital of the new company is $500,000 divided
      263 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      250 11 Horciit that's the inevitable conclusion reached in the most comprehensive agricultural survey ever undertaken in Asia. And it will happen sooner than expected within the next decade in fact. The progress in grain cultivation, the hopes of the Green Revolution these are overwhelmed by a Malthusian avalanche of bleak population
      250 words
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  • Article
    Lock icon Waldheim's plea for a fairer world economy
    733 12 Reuter UNITED Nations Secretary-General Kurt Waldheim yesterday pleaded with rich, poor and socialist countries to get together urgently to bring a more equitable economic order and said the developed world should not wait for its economic recovery before bringing the needed changes. Addressing
    Reuter  -  733 words
  • Article
    More than the firm's interest at heart
    125 12 MANAGERS, as decisionmakers, have to take into consideration the social and political implications of their decisions not just the organisation's needs. Professor H.J. Leavitt, an authority on organisational psychology from Stanford University, California, said these implications have to be taken into account as
    125 words
  • Article
    Lock icon Ohira's plans for the Third World
    370 12 Reuter JAPANESE Prime Minister Masayoshi Ohira will describe how his country plans to cooperate more closely with the Third World when he speaks on Thursday at the Manila meeting of the United Nations Conference on Trade and Development (Unctad). Mr Ohira, the first Japanese
    Reuter  -  370 words
  • Article, Illustration
    Lock icon Biggest 'No more nukes' protest
    184 12 UPI THE LARGEST utl ai doi ptvcr mH ever to umrmUr la toe UaHed States, mtrt thaa UJM hy sfflelal eetimatea, inki tke Capitol last Saaday to eppne atoarie pswer aad to arge "N« mere ashes," toe iiaaaaatiatan cheated Uto S| ae their hege pneeaka
    UPI; UPI photo  -  184 words
  • Article
    Lock icon Discussing with Asean
    79 12 UPI US Secretary of State Cyrus Vance and Japanese officials will meet foreign ministers of Asean nations next month to discuss the new trade agreements worked out last week in Washington. A Japanese government official travelling with Prime Minister Masayoshi Ohira said Mr Vance and Japan's Foreign
    UPI  -  79 words
  • Article
    Sin Chew gives management shares again
    362 12 SIN CHEW Jit Poh will be issuing an additional 19,849 management shares later this month of which 7,711 shares will go to the government holding company, Temasek Holdings Ptd Ltd. The allotment, which is to be passed as an ordinary resolution at an extraordinary
    362 words
  • Article, Illustration
    Lock icon An eyebrow-raising do
    50 12 Bmm ef the 15t Bdjtag beaaty shep workers leekiag it a m«del qwrtiig Western hair style aad make-up at the lateraatieaal Hairdren Demeastrattea la BeiJUf aa Sunday. Tea iaternatieaal hairdressers were iavtted by the Chiaese to give demeastratiens la Shaaghai, Kwaagtaag aad Beijtag. UPI phate UPI photo
    UPI photo  -  50 words
  • Article
    Lock icon Black Monday for dollar on Tokyo forex market
    246 12 UPI THE US dollar tumbled against the yen in Tokyo yesterday, closing at 216.90 yen compared with Friday's finish of 222.80, following the lead of the Singapore foreign exchange that reacted to news that Japan will take bold measures in defence of
    UPI  -  246 words
  • Article
    Lock icon China pledges support for Thailand
    351 12 AFP CHINA will support Thailand in the event of Vietnamese aggression, Chinese Assistant Foreign Minister Song Zhiguang told a group of French correspondents now on a visit to Peking. "In the event of Vietnamese aggression against Thailand we will support it. As to by what
    AFP  -  351 words
  • Article
    Petronas to help in KL oil price-fixing
    304 12 THE MALAYSIAN government has brought in Petronas to help in an oil pricefixing exercise to seek a solution to the current shortage of crude oil faced by oil companies. Deputy Prime Minister Datuk Sen Dr Mahathir Mohamed said yesterday Petronas would either have
    304 words
  • Article
    More oil price increases
    212 12 IRAQ, Indonesia and Oman have increased their oil prices, a well-informed oil industry journal reported yesterday. The Nicosia-based Middle East Economic Survey (MEES) said Iraq actually raised its prices twice in four days by US2O cents a.barrel from May 1, and by a further 40-50 cents
    212 words
  • Article
    Lock icon Teheran to buy petrochem share
    172 12 Reuter IRAN'S National Petrochemical Company (NPC) is expected to begin negotiations this week aimed at buying the US share in the Abadan petrochemical complex in south-west Iran. A team from BF Goodrich Company, the minority shareholder in the venture will arrive in Teheran soon for
    Reuter  -  172 words
  • Article
    Lock icon US businessmen find Japanese policies sticky
    464 12 Reuter AMERICAN businessmen in Japan yesterday aired some of their gripes with Japanese government policies that can turn a potato crisp into a candy, apple butter into fruit paste puree and sugarless chewing gum into medicine. The American Chamber of Commerce in Japan published
    Reuter  -  464 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      55 12 TROPI-COOL AIRCONS take pride of place among the best TROPI-COOL car airconditioners are Americandesigned and engineered specially for the tropics. There are none better for the price. Tktopi-eooL CA -C O N DIT to N E i vc-dt Ajfrar'y R bub! YORK or ABACUS Compressors In-dasn and under cash models
      55 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report for 24 tours prtor to 7JI p.m. m May 7 at the airpart. Maximum temperature 33.4 Associated humidity 60 Minimum temperature 23.3 Associated humidity 97 Hours of sunshine 4.60 Rainfall in millimetres nil Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon German shipbuilding
        128 13 Reuter THE German Shipbuilding Industry Association expects a new upturn in the industry over the next few years, association chairman Mr Werner Bartels said. He told a meeting on the association's annual report for 1978, following a 30 to 40 per cent fall in world shipbuilding demand, inquiries
        Reuter  -  128 words
      • Article
        Lock icon Firm wins tanker order
        61 13 Reuter HITACHI Shipbuilding and Engineering Co Ltd said it has won an order from British shipowner, Globtic Tankers London Ltd, for an 80,000 dwt tanker. The contract price was US$26 million (Sss7 million), to be paid in cash and the tanker, with segregated double bottom tanks
        Reuter  -  61 words
      • Article
        ABS members
        85 13 THE adviser and director of Jurong Shipyard, Mr Kiyoshi Sakurai was recently elected a member of the American Bureau of Shipping (ABS). Seventeen other maritime executives from three countries were elected members of the international ship classification society at its annual meeting in New York on April 17.
        85 words
    • Article
      Lock icon China's interest in containers
      648 13 PORT MODERNISATION UPI A DELEGATION from the Port of Oakland returning from a 12-day visit to China said last Saturday that the Chinese expressed great interest in expanding containerised shipping facilities. The Oakland group, invited by the Chinese to examine ports on the mainland and to
      UPI  -  648 words
    • Article, Illustration
      PISC is ready to sail
      259 13 THE NEWLY-FORMED Philippine International Shipping Corporation (PISC) has appointed Pacific International Lines (PIL) as general agents for Singapore, Malaysia and Thailand for its Far East-Europe shipping service. An agency agreement was signed by the two parties here last Saturday. Mr. Sydney Yow (sitting, left), regional
      259 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      3182 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
      3,182 words
    • Article
      INDEX
      457 17 Skipping Llie Page Cat ACS n 5 Afea IV 3 Alpac IV 5 Angkutan IV 4 ANL I 1 APL m 2 Armada V 2 Arya Nat n 5 ASCL m 5 Atlas V 3 Aust.Coot IV 5 Bank n 5 Banner V 1 Batam IV 3 BBS n
      457 words
    • Article
      Container Schedules
      1074 18 r RECEIVING OF EXPORT FCL CONTAIN] JTWM 1 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
      1,074 words
    • Article, Illustration
      DnV safeguards life and property at sea
      1160 18 USING as well as building small boats is an age-old tradition in Norway. Not surprising, then, that safety at sea ranks as a major concern with Norwegians. Safe design and construction have become increasingly important considerations in recent years with the dramatic rise
      1,160 words
    • Article
      Lock icon Wind-powered ships sail into limelight
      990 18 NYT SEVERAL prominent naval architects and engineers have begun to envision New York harbour teeming with cargo vessels bearing the vans now carried on container ships but propelled by large triangular sails. One expert even maintains that such craft could be introduced by 1964 as
      NYT  -  990 words
    • Article, Illustration
      SHIPS IN PORT
      457 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Eastern Mercury (1500 subject free board after Sea Swallow) 27/28 Emma Bakke (after John Bakke) 35/36 Hegg (Tanker) (0600 after Joo Hong P/O subject gas free) 15/16 Hoegh Orchid (0600 after Tysla) 47 Iweri (0700 after Tutong) 22 Kimanis (2100) 21 Ningdu
      457 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      428 13 SINGAPORE ISLANDS LINE MIDDLE EAST REGULAR LINER Set Page IV Column) for Sailings A n! SINGAPORE SHIPPING AGENCIES PTE LTD MARKETING *****2 GENERAL *****1 A V .a f URO ASIA LINE SDN BHD K t 1?%47 P" KI AM) *****1 3 PENENG 64 781, 2 1 R I I H
      428 words
    • Advertisement
      Page 13 Advertisements Column 2
      207 13 §8!!!§ JSI SEALORI) LU ANTAH M UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability ARABIAN GULF WEEKLY SERVICE; i Vessel S pore I Loading for (2«/5) (27/5). Da (5/6). Kaw MI (16/6) W 1 1 S pore Loading
      207 words
    • Advertisement
      Page 13 Advertisements Column 3
      172 13 ■NOL NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES FAR-EAST/EUROPE ULtWi! MM <0 31 •km rtm 21 M* aib! I Jm 2 JM l 1 o cmf it ss mi nib, C OONTMKR 31 M* N COM > ki« C NU 14 tm n nm. z? m> niby Mix 5 M>
      172 words
    • Advertisement
      Page 13 Advertisements Column 4
      453 13 Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. It, HMm. .urn» iMS I fN t, „>#<.! lfn«» V,, I P* i«6'Si CfS JS-O'S MAERSK LINE For U.S. PioM. Plate Hg» Wat. CM 4 Mwfc. Eaß CawM M Meuco (Mss Mr Hotter*. Taiwan iapar and Korea*
      453 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      650 14 FULLY CONTMCHSED TO EUROPE S>n Plata*] iftox RWw Man I* Haw Astwp S/5 10/5 a/5 31/5 1/6 3/6 EHr 16/5 6/6 4/6 8/6 U/5 21/5 n/6* 13/6 14/6 16/6 24/5 15/6 17/6 l»/6 20/6 ■mwiEnmi 30/5 »'/6 21/6 22/6 24/6 SZLlto 30/5 23/6 21/6 24/6 hZ*Z> (mrtn 4/6 6/6 2*/6
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      Page 14 Advertisements Column 2
      295 14 1 a* a k* 15 ta| I tal 31 km M m wi %zz hiu s#» hi a S«p 10 s*ll ILJ w I/1//C fL -AN i SP r t*} Tr DUBAI (icavt-ift cman m to*) KIMAfT, MU OHM. BAMtAK. BAMMUt SHDMPOW AGENTS: Barber Lines Singapore Re. Ltd. Tel *****
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      Page 14 Advertisements Column 3
      434 14 EVERGREEN LINE FAR [AS! FUROPF fXPfttSS FULL CONFAINFK SFRVICF ACCEPT*; CARGO FOR: HAMBURG. FELBSTOWE. ROTTERDAM. ANTWERP. LE HAVRE ALSO ACCEPTING CARGO FOR: UMTED MWGOOW SOUTHAMPTON. LONDON. MANCHESTER. BWMMGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS. WEST GERMANY BKICHHAVIN HOLLAND AMSTERDAM Ew Meter l4M*f "TT Thm 1« tm IMr 31 Mr MM 22 km
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      Page 14 Advertisements Column 4
      751 14 B F s S C Agents m Moioywo TEPS MALAYSIA Port Ketong Tel (38) 7355 Penong Tel *****/***** Compania Argentina Da TM T» IhwutiM Iwfrcomi—Hi S. A. C.I. F. ARGENTINE NATIONAL LINE" LOADING FOR DURBAN, CAPETOWN, BUENOS AMES Setfaport P. KeUnj Penant I ARGENTMA IS/17 Nay 11/19 May" 20/21 Nay**
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      Page 14 Advertisements Column 5
      578 14 r mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2 102 103 21ST FLOOR MARINA HOUSf SHENTON WAY MISTRI ROA[) SINGAPORE 2 TFI *****44 7& *****70 IO SANKYO LINE AUSTRALIA SERVICE MAY CARP.. MAY PMNCI YUERHO.. 14/16 May 11/13 May SVD. MEL. 14/16 May 17/19 May ADO. FREM 30/31 May 21/29
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      Page 15 Advertisements Column 1
      724 15 QCL Overseas Containers Limited S>n PJMa* Dinar* tnm I'wf liHm titer 10 May 29May 31 May 1 M 3tm ltaq IM 4k* (I ka) It May 21 Kay 12 M 14 la IS la IT k* 24 Hay 14 M It M 17 la 2* la Jt Hay II ka
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      Page 15 Advertisements Column 2
      536 15 GRANARD LINE Granard Shipping Aqencies (Si Pte Ltd Tel *****77 (5 Lines! Din s rjamq Sfln BKfl 4 :i SKippmq S 1 n!etf)"SfS no. rou loibT PRES HMWSOH 73 Mai fKS EBENHORD 7 toa ran MOMOE 19 Jan me r i*m ii«ptn o*/u* ar/g* <md 30 May 1 kin 4
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      Page 15 Advertisements Column 3
      325 15 iTVJ BEN LINE CONTAINERS BEN ASIA CONTAINER SERVICE csc uric ltd. TO SEATTLE, VANCOUVER B.C. N TOKYO SUTTIf VMC B.C 11/5 23/5 2EMJN GLORY ll7# 13/1 15/1 FOR NQUMES PLEASE CALL TIC BEN LK STEMBB LID, ItTN FLOOR. CLfFORD CENTRE TEL NO. *****4 BENBULK i W LLOYD TRIESTINO CONTMBSna (ft
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      Page 15 Advertisements Column 4
      295 15 Scan Dutch V WEEKLY EXPRE nn IE L. 1.1.111:1 wm fi W a/* 77/s \a/i »/5 v* V* 7/1 v* iv* u/* i*/* iv* iv* a/* iv* a/* a/* a/* 1/7 m* *n m *n 7/7 11/7 IV7 17/7 17/7 a/7 IV7 «/7 NPINAVIA 1) (ta| I) irtafl I) r*
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      Page 15 Advertisements Column 5
      488 15 BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD. LOADS FOR E. ft S. AFRICA Clnm.K.ll*) Sport 1/0 km f ftciant 7/10 Jan FROM CAST t SOUTH AfMCA FOR BANGKOK WNU LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, Galveston) >ppw P. Rata* POM* US GMI OOUT MM (Im*)
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      Page 16 Advertisements Column 1
      921 16 0 CHEF 14W 19 May 20 May 5 ton 6 ton 8 ton 9 too 11 ton S/ BROGf 21* 25 May Mlfay 11 ton 12 ton 14 ton 15 too 17 to* C CONTMCR 1W 131 May 1 ton 17 ton IS ton 20 too 21 *10 23 too
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      Page 16 Advertisements Column 2
      720 16 E.C./GREAT LAKES SERVICE 10MNNG FOB: KW TOM. NORFOLK. MONTREAL. TOMMTO PtoM| MM f UH| SagWM a/21 Mty 11/UMay IVI7I CALFMIHA/PACinC~HO<tTH WEST SERVICE** Lao*M| tar UB WIM, UN FRAMCBCO. KATTU. TACORN, SRMtOWER. LC. Pwi P. Mam Saipjan L Apptat "10. mecmaumt 6.3ft35/s My 2 tow "S O ANOHRA PRAOE9T 14/11 Mty
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      Page 16 Advertisements Column 3
      401 16 SINGAPORE SHIPPING AGENCIES PTE. LTD 20Tm HOO« OCf AN BUil DING SINGAPORE 1 MARKETING 91 1122 i 3 LINES' GENERAL 91 31 1 (14 LINESI UIEK RS 2459S RS 2SS6B A B CARSMIP CABIE CARGOSHIP *L\ SISfjAPORE /slaws use J.«f—rnuua MIPDI.t EA ST RtA.LLAR USER A SAFE WAV TO SHIP
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      Page 16 Advertisements Column 4
      705 16 '-*-1 .MAI*YSIAH INTfRNATIONAL SHIPPING COPPOPAVON BCPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA Feeder fMMt Sport I) Mm* FRANCESCA SaM NEO DEIFT ki Port 22/5 ELEAMKA 12/5 SEUWDM 15/5 29/5 FRANCLSCA H/5 WON 22/5 5/6 (IiAWM 28/5 NED KM 29/5 13/ C FRANCESCA 2/1 NEO HOORN 5/6 22/6 EIEANORA 9/6 TOTAMA
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      Page 16 Advertisements Column 5
      676 16 INTRASEA (PTE) LTD Faber House 234E Orchard Read Singapore 9 Telephone *****11 *****67 mam* au (Ca* a*> *Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P. Kelane Lm4m far FORTUNE* V.13 It Mm IS Ma* S»dr>e, MHtourne/ Singapore P. Kelang Lm4h| far It May IS May Sydney/Mctownie/ MMI i- amuau (To) in 2*2111
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      Page 17 Advertisements Column 1
      46 17 CELTIC BULK CARRIERS »w MI •PJ. PERUSAHAAN PELAYARAN NUSANTARA "BAHARI" i WW I/7J. IVOY 5/71 ETA ETC 10 M* 12 Iby 1(1% II lb, hkarta/CnfeM Jafcvta Agents: BANNER MARITIME PTE. LTD. IMF 2203, 2M FUL NONE HONS UK. AAFfUJ QIMT. Spm 1 I* *****11. *****12. 23M11S
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      Page 17 Advertisements Column 2
      87 17 p I lAN SOCN SHIPPING TRADING CO (PTE' UD a 6 k j §O&iHS K'K N",ip *k rrxi:: fw no mom MTMT S-S-TS ltV7» MKMTt ■ur u-s-ti wasra east—irw lam m.-tatLH- mum t-i-n rmmlmlimkb n"W nr hnm 11-5-71 kuqwc. sh. smd m iMMH" 14-5-79 IM-71 MOWS. AH. MUMS. SMI It*.
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      Page 17 Advertisements Column 3
      79 17 Trucontainer Express htl (S) Pte Ltd St*« 1311, Show Tow«n, B*och Rood, Singapore 7. Tut. *****81 Oin**) Accepting FCL/LCL Cargo for: 1 li 1 m, m& 22mi r\m. Nwt LJM| Mr. S m 1 T* *****95. *****21. *****9 T«tar B ***** STCMRI COUNTRY LINE ST S" Ml Wi Wi IMB
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      Page 17 Advertisements Column 4
      59 17 NOTICE DOWA LINE CO. LTD JAPAN M.V. BARUNTA II VOY. 26A/79 Arrived 14.79 at P.Pi Wharf God own 302 General survey on damaged earge diecharged ex the above veeeel will be held oa 9th May from 9.00 a.m. to IS pji. No farther survey will be held after thia date.
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      Page 18 Advertisements Column 1
      82 18 PHILIPPINE INTERNATIONAL SHIPPING CORPORATION (PISC) (Incorporated in the Republic of the Philippines) ARE PLEASED TO ANNOUNCE THE APPOINTMENT OF PACIFIC INTERNATIONAL LINES (PTC) LTD. i t 45, Market Street, Singapore 1 as their General Agents for Singapore, Malaysia and Thailand with effect from sth May, 1979. We offer fully containerised
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