The Business Times, 29 May 1979

Microfilm: NL10176
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C.(P) No. 141/1/ IS TUESDAY, MAY 29, 1979 50 CENTS
    12 words
  • BRIEFLY...
    • Article
      Lock icon Reporting from Beijing
      64 1 UPI BEIJING, Mon. Four US newspapers have been granted permission to open offices in Beijing, government officials said today. Visas are being given to correspondents of the New York Times, the Washington Post, the Los Angeles Times and the Wall Street Journal, the officials said. This will
      UPI  -  64 words
    • Article
      Lock icon Rice from Thailand
      51 1 Reuter BANGKOK, Mon. Singapore is negotiating to buy 23,000 tonnes of Thai rice on a government-to-government basis, an official of the Foreign Trade Department said today. The order is for 20,000 tonnes of 100 per cent white rice and 3,000 tonnes of 10 per cent white rice.
      Reuter  -  51 words
    • Article
      Lock icon Goods for thought
      102 1 AFP BEIJING, Mon. China has accused some foreign countries of trying to sell goods "harmful to its development" in the manner of the "imperialist" countries during the 19th century, thus bringing in another justification of its economic readjustment. The Saturday issue of the Worker's Daily called for
      AFP  -  102 words
    • Article
      Lock icon Fares to be consistent
      56 1 AP KUALA LUMPUR, Mon. Asean airlines will negotiate for Cathay Pacific Airways' fares to be consistent with their sectoral routes in the cheap air fare talks with Australia, said Mr Mohamad Noor Hassan, Secretary-General of the Transport Ministry. The talks scheduled for June 14 and 15
      AP  -  56 words
    • Article
      Lock icon Textile curbs on China?
      81 1 UPI BEIJING (Peking), Mon. The United States will clamp down quotas on imports of Chinese textiles this Thursday unless China agrees voluntarily to limit its textile shipments to America, President Carter's roving trade ambassador Robert Strauss said today. "There is a limit to how far we
      UPI  -  81 words
    • Article
      Lock icon Gold sets record
      71 1 UPI LONDON, Mon. Gold set a record today and the US dollar gained steadily in world money markets. Gold opened in Zurich at U*****,875 an ounce, its highest price ever. Dealers said it was being pressured higher by speculators fearing steep oil price rises and the resulting
      UPI  -  71 words
    • Article
      DC-10 inspection
      35 1 COPENHAGEN, Mon. All five DC-10 airliners operated by the Scandinavian Airlines System (SAS) will undergo special inspection this week, following the Chicago crash that took 273 lives, a spokesman for SAS said today.
      35 words
  • Chief Price Changes
    • Article
      SINGAPORE
      137 1 Rises Indices Petaliag Ltd Plantations 1010 310 20 13 May 25 May 28 Tronoh Mines 990 10 C C M 500 10 B.T.Index: 2351.13 2344.44 K G Hldgs 165 10 Industrials: 403.70 404.13 Roth mans Consplant Wrts FAN 454 615 615 6 5 5 Finance: Hotels: 706.34 703.20 296.67
      137 words
    • Article, Illustration
      KUALA LUMPUR
      144 1 Rises Indices Petaling 1030 +20 May 25 May 28 Taiping Con 440 10 Syn Resins 146 09 B.T.Index: 3484.96 3459.17 Sovran 160 +08 Industrials: 433.56 433.60 Kramat 370 +08 Finance: 633.22 630.87 Rothmans 460 +08 Hotels: 257.91 257.83 P Bank 232 +07 Properties: 248.52 247.27 U M Works
      144 words
  • Article
    Stiff competition mauls insurers
    718 1  -  GENERAL SECTOR STAGNATES By COLIN CHEE INTENSE competition for business and undercutting practices stultified the growth of general insurance in 1977. While the insurance industry as a whole continued to grow that year, general insurers were badly hit. For them profits were marginal, with gross premium
    718 words
  • Article
    Of transnational union action
    237 1 THE question of international trade union action in domestic disputes will be raised by Asean employers at the annual conference of thfr International Labour Organisation (ILO) beginning in Geneva next week. A Malaysian Employers Federation spokesman said it has already been agreed at a recent meeting
    237 words
  • Article
    Asean gears up for automotive projects
    814 1  -  By FOO CHOY PENG CONCRETE proposals on the Asean private sector's automotive projects will be heard at the 10th council meeting of the Asean Chambers of Commerce and Industry in July in Manila. The Asean Chambers' working group on industrial complementation, the coordinating body
    814 words
  • Article
    Public is excluded from $800m govt issue
    266 1 THE SINGAPORE government ku cmm to tke market tor Its first domestic harrowing tor the fiscal year 1V79/M. Yesterday, the Monetary Antherlty sf Singapore (MAS) aaaeaaeed It will he mlUtoa registered 0 stock oa Jane 11 to the Central Provident Pand (CPP) aad
    266 words
  • Article
    US tables new liberal fare pricing proposals
    374 1  -  By WANG LOOK KEAH THE United States has proposed a new liberal pricing provision which will allow all participating airlines to sell the same fares as the two end-to-end carriers, Singapore Airlines and Pan American World Airways. The proposal was made during air
    374 words
  • Article
    Roll out barrels...
    88 1 OIL companies in Singapore refined a record 683,000 barrels of crude daily last year, up 15 per cent over the 1977 refinery throughput figures. The refineries processed a total 249 million barrels of crude worth about $7.5 billion. With the increased production, an additional 32 million barrels
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      11 1 AKAI IL A. iAi. that puis no punches. SEE BACK PAGE
      11 words
    • Advertisement
      Page 1 Advertisements Column 2
      25 1 3 Lyon Predators Top cats on the prowlgreen after green lynx Predators Investment Cast Woods and Irons definitely is your club. Available frorr leact rd
      25 words
    • Advertisement
      Page 1 Advertisements Column 3
      53 1 raaa MORE Tskys toy-makers Ml ap gPEOPLE la bisiMn 2 BOOST for Mwwii'i «n»aii metal lndutriea 3 OPEC pashlag US towards SHIPPING TIMES CHIEF execattves aad the campater RECORD refining thraaghpat la Singapore 7 CITY Dev plctare leaks rosy 11 WTC rejects Asia Marlae *79 I, CROSSWORD t, WHERE TO
      53 words
    • Advertisement
      Page 1 Advertisements Column 4
      349 1 €3333* Plain paper copiers Preferred by offices worldwide CALL *****5. Wywy Private Limited Wywy House. 1 7 Leng Kee Road MKU Singapore 3 IT HELPS YOU SQUEEZE 8 HOURS WORKOUT OF 7. The Grundig Dictation w System You have a problem You work all the hours necessary to get the
      349 words
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      Page 1 Advertisements Column 5
      4 1 a SEE PAGE 7
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  • TRADE AND INDUSTRY
    • Article
      Data on any subject at your fingertips
      233 2 DATA on any subject at the touch of a button this is what the International Telephone and Telegraph Corporation (ITT) is offering to the public by the year 2000. A team of experts is now in Singapore to present the latest telecommunication concept.
      233 words
    • Article
      New phone numbers
      56 2 TELEPHONE numbers in the North Telephone Exchange area beginning with 53xxxx will be changed to 253xxxx from tomorrow at 9.00 a.m. Callers to the old telephone numbers will be intercepted by the Automatic Interception Service and advised of the change. The expanded seven-digit system will increase the
      56 words
    • Article
      Employees of 14 emporiums to join SMMWU
      352 2 EMPLOYEES of the Emporium Holding Group were recently unionised for the very first time. The staff of Oriental Emporium at Raffles Place is the first group to be organised under the fold of the Singapore Mercantile and Manual Workers' Union (SMMWU). The SMMWU
      352 words
    • Article
      Office bearers
      66 2 MR ROESLAN Notoprawiro was elected president of the Indonesian Business Association of Singapore (Ibas) at the association's fifth annual general meeting this month. Other office bearers for 1979 80 are Mr Tan Keong Choon (vice president), Mr George Gasper (secretary) and Mr Rex Chua (treasurer). Committee members are
      66 words
    • Article
      Fire, motor insurance
      54 2 THE Department of Extra Mural Studies of the University of Singapore will hold a course on fire and motor insurance law beginning Thursday. The eight-lecture course is useful to law students and those in the insurance and business fields. The course will cover the various types of
      54 words
    • Article
      Initial Services to start this week
      273 2 INITIAL Services, a Britishowned supplier of linen rentals, will launch its services in Singapore on Friday (June 1). It will deal with the rental of cleaning materials such as dust mops, mats, industrial-cleaning cloths, hand towels, 'warm air dryers and soap dispensers. A company
      273 words
    • Article
      The role of varsities in developing countries
      214 2 THE primary My sf tertiary iMtttatlMM of learning la a developing eonatry mast be ta predate peapie who eaa eaatribate ta the Mtlinl welfare. Dr Taay Tan, Senior Minister sf State (Edacatioa), said same immediate retarn mast be received fram inveatmeat In anivenitiee.
      214 words
    • Article
      MORE TOKYO TOY MAKERS SETTING UP FACTORIES
      854 2  -  By JOHN LIM AT LEAST three Japanese toy makers have set up shop in Singapore so far this year with more expected to follow suit. In fact, four Japanese toy manufacturers are considering setting up production plants here. A major consideration for establishing
      854 words
    • Article
      Plant to make enamel chemical
      205 2 A BRITISH company to manufacture enamel frit (a chemical used in the coating of enamel bath-tubs) will start production in Jurong this year. The company. Crown Alliance Pte Ltd, was incorporated Last October with a nominal capital of $4 million. Its initial investment will be
      205 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      245 2 MB DANIEL E DUFFY has been appointed group general manager of Perkins Engines Eastern Ltd, and will be based in Bangkok. He will take up his appointment on June 1. Well-known and experienced in South-east Asian business, he has worked in the region (or 12 years from
      245 words
    • Article
      MEMO PAD
      514 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 28-30: Workshop 2: Modem techniques and strategies for management problem solving, SIM, SIM May 29-30: Job evaluation, Ming
      514 words
    • Article
      Exhibits to highlight new technical careers
      201 2 A SPECIAL telescope with an effective focal length of 1,275 mm and a magnification of 64 times is being displayed by the Economic Development Board (EDB) at the Careers '79 exhibition at the World Trade Centre, pow on until Saturday. The Matsutov Telescope, as
      201 words
    • Article
      Post-haste
      59 2 THE Shenton Way Post Office will provide a local urgent mail (LUM) service from Thursday. This brings to 24 the number of post offices with LUM service. Articles for this service must be posted not later than 3 p.m. on weekdays and 12.30 p.m. on Saturdays if they are
      59 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      36 2 This announcement appears as a matter of record only. HANSA OFFSHORE (SEA) PTE LTD Singapore U559,323,260 Fixed Rate Term Loan Under The Singapore Ship Financing Program Provided by Bank of America NT SA Singapore Branch s
      36 words
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  • REGIONAL
    • Article
      Small metal industries get a boost
      426 3  -  By RAHIM KASSIM THE INDONESIAN smallscale metal industries have received a tremendous boost in the last nine years after stagnating for more than a century. This has much to do with the setting up of the Metal Industries Development Centre in 1970 by the
      426 words
    • Article
      Lock icon Carter sends human rights scout to Seoul
      226 3 NYT THE Carter Administration has quietly sent a senior official to South Korea to look into alleged repression there before President Carter's visit late next month. Administration officials said Deputy Assistant Secretary of State Mark Schneider is in South Korea to gather information
      NYT  -  226 words
    • Article
      Lock icon Japan's car exports suffer 17pc drop
      214 3 Reuter JAPAN'S exports of assembled motor vehicles in April fell 17.3 per cent from 392,166 to 324,470 in March and were down 11.8 per cent from 367,948 in April last year. Exports of vehicles in kit form for assembly abroad in the same month
      Reuter  -  214 words
    • Article
      Lock icon Roar of protest
      67 3 AFP MALAYSIAN Home Affairs Minister Tan Sri Ghazali Shafie has come under attack again for his remarks that the lion dance cannot be accepted as part of the Malaysian culture. The chairman of the Pe- nang youth wing of the Malaysian Chinese Association (MCA), Mr Hing Hung
      AFP  -  67 words
    • Article
      Lock icon BALI PUTS A STOP TO STAY PERMITS
      116 3 AFP. LOCAL aathsrttles m the Mmmlu tmW Uaad of Bali were wpW to have stopped lasaiag stay permito far faretga toarists visfttag the islaad. The head *f Badaag district which eaven the hag Kato beaches, Mr I Gde Oka, said the permits had
      AFP.  -  116 words
    • Article
      Lock icon Indonesian textile output
      78 3 Reuter INDONESIA is capable of increasing its national textile production by as much as 1,500 million metres annually, according to Hadi Raharadja of the Association of the Indonesian Textile Firms. Mr Hadi urged the Indonesian government to exploit that capability by improving basic standard regulations for export
      Reuter  -  78 words
    • Article
      RESERVES DOUBLE
      60 3 INDONESIA'S gold and foreign exchange reserves rose to 2,020 billion rupiah (555.7 billion) in April from 1,860 billion in March and compared with 1,040 billion in April 1978, provisional Bank Indonesia figures show. Other foreign assets not forming part of the international reserves amounted to 7.8 billion rupiah
      60 words
    • Article
      Lock icon Strauss lays cards before Chinese
      453 3 AP A SINO-American trade agreement can be put through the American Congress only after a textile agreement between the two countries has been signed, American Trade Ambassador Robert Strauss reminded his Chinese hosts on Sunday night. Speaking at a banquet given by Chinese trade officials
      AP  -  453 words
    • Article, Illustration
      Lock icon TRAFFICKING IN PEOPLE
      232 3 UPI. CHINA accused Vietnam on Sunday of being "a super-trafficker in its own people" because of the flood of refugees inundating the shores of South-east Asia. "Hanoi has won worldwide renown as a super-trafficker in its own people in the past six months or more," the official
      UPI.; AP photo.  -  232 words
    • Article
      Lock icon China will not show mercy to aggressors
      429 3 Reuter. CHINA warned Vietnam and the Soviet Union that no mercy would be shown if they invade China. The People's Daily, voice of the Chinese Communist Party, yesterday published an editorial hailing troops who took part in the border war with Vietnam earlier
      Reuter.  -  429 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      180 3 f. m »^P tin¥& Wt hi? 'A& m &> r -H ¥*SH i*s* p iff V -V "Hi v «aߧ? K-.*;->> ■>» UpP FT 5 AW&*'. ,T*> 'JT* £7, s 'if ■■> ->•-, t at. ;mm .4 >;••*'. m -v a--,v -i" *<i'A y Sir S% v-? i Wit <*■■
      180 words
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  • RAW MATERIALS
    • Article
      Lock icon Optimism over metal prices
      496 4 Reuter THE WORLD is entering a period of rising metal prices which in the case of copper is likely to last until 1961-82, stockbrokers Rowe and Pitman said in its first quaterly mining review. High inflation rates coupled with unrest in various parts of the world
      Reuter  -  496 words
    • Article
      Lock icon Mexico expected to buy more soyabeans
      574 4 Reuter. MEXICO'S soyabean imports during the 1979/80 season are projected at 900,000 tonnes, up from 700,000 tonnes estimated for the current season. According to a US Agriculture Department (USDA) field report Mexico has purchased 450,000 tonnes of soyabeans so far this season, which began
      Reuter.  -  574 words
    • Article
      China ceases to be tin exporter
      202 4 CHINA has stopped exporting tin metal to the outside world. Until last year, the eoantry was a net exporter of the metal. In the years IV7S to 1115, China's exports aggregated SI,IH tonnes. Her peak export of 13,918 tonnes in 1V» was the biggest
      202 words
    • Article
      RUBBER
      278 4 OPENING prices In Singapore yesterday were marked down about 2.50 cents on lower London advices but values later gained some ground on upcountry buying and lack of sellers before easing back on lack of buying and profit-taking, dealers said. The market eased further towards the morning's close on increased
      278 words
    • Article
      RAS PRICES
      369 4 R.A.S. prices In centt per kilo yesterday: NAM Close (per kilo) Buyers Sellers (per kilo) Buyers Sellers lat. 1 R.S.S. prompt I.o.b. 330.00 Int. 1 R.S.S. June 314J0 Int. 1 R.S5. July ***** Int. 2 R.S.S 298.75 UK Coot 29(7.75 Int. 3 R.S.S. 296.75 UK Coot ***** Int.
      369 words
    • Article
      SSR and SMR
      111 4 NOON SSI t«ad SMR proa /•urtly Jwly mmri Mlfc) m Seller# 293 OON 290 00N KA8 SSR 20 SSR SO MKELB ll-ua pallet) 11 ua fMllrtl (Cmn Buy 292 00 280 00 ■e r> Seller* 294 OON 291 OON (ParBayt moo 2*8 00 SMRCV SMR SL SMR
      111 words
    • Article
      Straits tin
      70 4 THE STRAITS til price ii Penang yesterday eased Msl4 to $1,961 a pical, to stand $211 above the International Tin Agreement ceiling. A larger supply sf tin concentrates during the weekend, attrlhnted to the market's easiness aithengh there was some (air local, US and European demand, arennd the
      70 words
    • Article
      Closing prices
      30 4 Rubber: May 28 Singapore: June: 310.50 cents (down 3.50 cents) Malaysia: June: 312.50 cents (down 4.00 cents) Tin: $1,961 (down $14) Official offering: 222 tonnes (up 44 tonnes)
      30 words
    • Article
      Hongkong Comex
      160 4 THE SUGAR futures market yesterday closed easier with losses of about 0.05 to 0.10 US cents, dealers said. Trading continued the recent quiet trend with no trades registered as on Friday, while the day's spot sugar price rose 0.10 to 7.90 US cents. Sugar futures closing prices CMag
      160 words
    • Article
      Produce exchange
      314 4 APART from some deals reported on covering account, the Singapore produce market yesterday ruled quiet and featureless with prices moving sideways. As usual on a Monday, price indications from overseas were anything but reliable. Besides, buyers in the West, especially New York were reported to have built up
      314 words
    • Article
      Rice
      329 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent fir* class (Kangaroo) new crop 0.96, 100 per cent second class O.K. 100 per cent third class 0.80, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.62. Special 0.56.
      329 words
    • Article
      Textiles
      192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) CUt— yarn: China Blue Phoenix 20s 2,340; 32s 2XO 40a 3.0G0 (per bale of 400 lbs). Piece faais: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and ButterQy
      192 words
    • Article
      Palm oil
      69 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated. LONDON: Malaysian 5% f fa bulk per tonne Frt Previa** July 682 666 sir Sumatra 5* ffa bulk May 692',sir 69Sslr June 680sIr 682 .sir July unch 672'»sir August unch 665slr September uncb 60Opd Nigeria 5*
      69 words
  • ASIAN STOCKS
    • Article
      Lock icon Generally inactive
      656 4 TOKYO Source: DBS-Daiwa THE MARKET was generally inactive yesterday, since most investors remained on the sidelines owing to the recent sharp rise in stock prices. Moreover, yesterday was the last trading day (or delivery this month. However, large-capitalised stocks, such as Nippon Steel, Kawasaki Steel, Nippon Express and
      Source: DBS-Daiwa  -  656 words
    • Article
      Sydney
      257 4 MAY 28 Cent* INDUSTRIALS A. C. L 102 4-2 A N I. A. P. M 1738 128 1 B H P 88 926 -1 48 Bank NSW 370 4 14 RakI 212 1 Brambles 180 unch C B A 250 -5 C. S. R. 388 48 Coal Allied 580
      257 words
    • Article
      Bangkok
      242 4 MAY M Bahts Asia Credit 288 38 Asia Fibre 211 17 Ayutnaya In* 1M 30 And Trust Bangkok 36 Investment 296 Bangkok Bank 3*2 38 Bangkok Drying And Stio 334 18 Bangkok Insurance >30 3D Bangkok Metro- 98 politan Ban Mi Bangkok Nylon tan 17 Bank Of Asia 230
      242 words
    • Article
      Manila
      118 4 THE market closed mixed yesterday with minings averages posting gains while commercials and oils declined, dealers said. MAY 20 Pesos Acoje Mining 0094 -***** AUu Con. A AUu Con. B. 23J0 0.1 Bafuio Ootd 00M -4J00U Benguet Con. B BF Goodrich 25 .50 20 20 0.25 4) CDCP 2140
      118 words
    • Article
      Lock icon Hongkong
      318 4 Source: SHK Sec Ltd THE market was quiet yesterday apart from occasional flurries in trading in New World shares which, after their rise last week, pushed higher to HKS2.IS before settling at (2.125, up 5 cents. Institutions still seemed reluctant to chase prices, especially as the HK dollar weakened
      Source: SHK Sec Ltd  -  318 words
    • Article
      Selected indices
      30 4 HJC.HANG SENG Monday.. 558.72 Friday 562 96 Week Ago- 568.64 SYDNEY INDUSTRIALS Monday 485.07 Friday 482.77 Week Ago 483.75 ALL ORDINARIES Monday 586.13 Friday 582.77 Week Ago 583.68
      30 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      269 4 SINGAPORE PRCE S3OC mwthiv MC(P) 9S/VT9 \XX 3 NOS Set. MAY N79 Iw F«m»o« JTJW > The situation in world shipping and shipbuilding and repair is alarming. Several lines are shrinking and many yards have folded. An optimistic few harbour hopes of a revival in the near future and are
      269 words
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  • OVERSEAS
    • Article
      Lock icon Soviet troop cut in Europe under Salt
      387 5 UPI. MR GEORGI Arbatov, the chief Soviet spokesman for SALT II in the United States, said on Sunday if the US Senate ratifies the agreement he would expect a reduction of conventional military forces in Europe to follow. Mr Arbatov, in an interview
      UPI.  -  387 words
    • Article
      Lock icon Check Russians, Oman appeals to US
      251 5 NYT IN DESCRIBING the Arabian peninsula as a target area for the Soviet Union, the Sultan of Oman, Qabus Bin Said, appealed to the US to warn the Russians against making trouble for its friends in the region. The Sultan, said he hoped the
      NYT  -  251 words
    • Article
      Lock icon Opec rises pushing US into recession
      890 5 NYT PRESIDENT Carter's principal adviser on domestic policy, Mr Stuart Eizenstat, said on Sunday that if the Organisation of Petroleum Exporting Countries (Opec) continued to raise crude oil prices "the more there is a threat" that the present mild slowdown in the American economy
      NYT  -  890 words
    • Article, Illustration
      Lock icon Arab land won't give security
      244 5 EGYPTIAN President Anwar Sadat on Sunday paid his first visit to Israel since the signing of the peace treaty in March and called on Israel to abandon the idea of maintaining control of occupied Arab lands. He and Israeli Prime Minister Menachem Begin flew together
      UPI photo  -  244 words
    • WORLD IN BRIEF
      • Article
        Lock icon GREECE SIGNS UP
        548 5 Agencies GREECE, the cradle of European civilisation, yesterday signed a treaty of accession to the European Economic Community, which will make it the 10th member on Jan 1,1981. It is the climax to years of effort by Premier Constantine Karamanlis to take his country into the Common
        Agencies  -  548 words
    • Article
      Lock icon CARACAS' OIL POLICY
      75 5 AFP VENEZUELAN pattey Is to sell eil wltheat glvlag ■MM prices to uy kaycr, Eaergy ud Mtotog Mtolster Hamberto Ctlitw nU oa Saaday. The mimlstrr, to Cvtopat, Colom Ma, far a meettog of the five-aattoa Aadea Pact, toM toe Catombiaa null* Mi—l Cmml that to eaaatry weald
      AFP  -  75 words
    • Article
      Lock icon Pullout of top mine operator spells trouble
      291 5 NYT AFTER a year of relative harmony in the coal mines of the US, the likelihood of another disruptive round of labour negotiations has suddenly increased. This is due to the unexpected withdrawal of the largest single employer from the bargaining group representing
      NYT  -  291 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      776 5 ARRIVALS Service Local Operator Number Tine From MAS MH601 0700 KUL SLA BA SQ/BA17 0710 LHR/BAH MAS MH682 0710 KCH SLA SQ101 0615 KUL MAS MH621 0840 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN/KUL CAL CB14 1000 HLP CPA CX710 1005 HLP GIA GA90O 1030
      776 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      753 5 UNITED COMMERCIAL BANK (INCORPORATED IN INDIA) HEAD OFFICE: 10 BRABOURNE ROAD CALCUTTA BALANCE SHEET AS AT 31/12/197* CAPITAL AND LIABILITIES Capital (wholly owned by Central Government) Reserve Fund and other Reserves Deposits and other accounts Borrowings from other Banking Companies Agents etc. Bills Payable Bills for collection being bills receivable
      753 words
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  • Article
    A timely move to avert 'show-downs'
    417 6 THAT THERE is now a test case on the duplication of exhibitions before the industry comes as no surprise. The successful promotion of Singapore as a convention centre has brought with it a minor proliferation of exhibition organisers and a tightly-packed calendar of shows
    417 words
  • Article
    Small firms grow up, don't they?
    218 6 SMALL management consultancies, like the newly-formed Medora Tong Chow Associates (MTCA), are marketing themselves quite correctly and perhaps tactically, to small businesses in need of their expertise. Their small size allows them to give closer attention to their clients than big firms. The establishment
    218 words
  • Article, Illustration
    Lock icon The computer age beckons US executives
    809 6  -  Most chief executives of major American corporations are finding it difficult to live with the computer. But those who have had experience punching a few buttons on the console are charitable with their praises. PETER SCHUYTEN reports. PETER SCHUYTEN NYT. MERRILL Lynch's Donald Regan
    NYT.  -  809 words
  • Article, Illustration
    Lock icon AMERICAN DREAM BECOMES REALITY
    868 6 NTT "I'M called a Wall Street millionaire, or a millionaire bond trader, in every story written about me," says former Secretary of the US Treasury, William Simon "It's as if making money had become pejorative. Big is bad, and all that. But I am what I
    NTT  -  868 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      136 6 I m m ft o m w. 1 3& //7/ W////#/ ''/'////r/w/f Buy a |iea 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 world tour, a vintage car and get
      136 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      12 6 BnStoW: Fiank Di ckenS CP* -Tv4\t4G> v\p&>eteD to me. on my tonight
      12 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      1330 6 Tuesday's TV Treats HARD TIMES aa Chattel 5 at BJS shaald kelp to •after tryiag to Had aamethiag seaaiMe to wateh ea television. Bat H bad teachlag at ichul has toraed yea «ff the elaasicaJ writer*, er the Yarkthlre aeeeats af the HARD TIMES characters are tee deep fer yea,
      1,330 words
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  • Article, Illustration
    A record throughput
    793 7  -  By RONNIE LIM REFINING throughput of oil companies in Singapore reached a record high last year, with refineries here processing more than 249 million barrels of crude, up 15.4 per cent from 216 million barrels in 1977. This works out to about 683,000 barrels refined per day(bpd)
    793 words
  • Article, Illustration
    Lock icon Need to look beyond the gas lines
    782 7  -  By JAMES RESTON NYT. THE LATEST fuel shortage is blamed on the Iranian revolution, and it may be useful if it reminds us of the fragile links between the Middle East and the world's industrial nations. This particular and temporary inconvenience in the
    NYT.  -  782 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      118 7 r UP UP AND AWAY. April *****6 copies daily March *****6 copies daily February- *****0 copies daily ■y X. Jumping Jupiter! The circulation figures of Singapore's number one newspaper are rocketing skyward again And we're soaring away from all other daily publications to heights never reached before. This time we've
      118 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Bid price for Reliance
      604 8 EXXON'S TAKEOVER OFFER NYT. EXXON CORP, the world's largest oil company, has made a US$l.l7 billion tender offer for the Reliance Electric Co. If the transaction goes through, it would be one of the biggest cash takeovers in corporate history. Exxon disclosed that it had been
      NYT.  -  604 words
    • Article, Illustration
      HIGHER SOHIO PROFIT FOR BP
      1128 8 THE BP GROUP interest in Sohio last year increased from 39.8 per cent to 52.2 per cent, giving a weighted average of 48.1 per cent in 1978 compared with 29.4 per cent in 1977. The BP share of Sohio's profits, included in the consolidation, was
      1,128 words
    • Article
      Lock icon Nippon Electric expects further income rise
      396 8 Reuter NIPPON Electric Co Ltd said it expects net income gain for the year ending next March 31 to be 10 billion yen against 7.41 billion in 1978/79. Managing director Mr Motoo Hirota said sales in the same year are expected to reach 690
      Reuter  -  396 words
    • Article
      Lock icon HITACHI ACHIEVES RECORD PROFIT
      114 8 Reuter HITACHI expects after-tax prafit la the year eadlag next March to rise riigktty tram a reeerd TIM MUtoa yea last year with sales ap tram a reeerd lit trllllaa. Hewever, a campaay ipaltwmia was aaahle to forecast the exact after-tax prsflt aai sales fsr the
      Reuter  -  114 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      165 8 Where to wine, dine and entertain The American Express Card serves you wherever they serve great food ESS 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 CIS prime beef, our daily Nouvelle Cuisine
      165 words
    • Advertisement
      Page 8 Advertisements Column 2
      92 8 A- <, 1 V PackagcCoat Qmnti r*gM) Occuoano SJB7 00 T«nr Oecueancy SSIWOO Tnpi» Occimncy *****0 (Mai no pviMM 0*»«r unow '2 r«art •csomoanad By parann stiS 00 Beacons Table. I ti«' H»inin s lahUHolidav. Inn An fahn<| <m < <tsi<in ♦COMES Come unwind yourself after o day's work hond-clapping.
      92 words
    • Advertisement
      Page 8 Advertisements Column 3
      210 8 Uviu JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. For reservations call *****7 ciidin I'urk Hlm»iiHon r^. i\CS> C i VJs c 1 :^-7 I II ,< S li :i u-:< >\ SI I )I-1B() AMI) Sf I\i>l If I i\\ |;Iw !< < I* M JI)
      210 words
    • Advertisement
      Page 8 Advertisements Column 4
      109 8 "In the Georgian Wing of the Cockpit a splendid Period restaurant Tfierins the choicest fare in the true British tradition where good tasie triumphs from Beef Vfellingion Bifierfly Fillet and a wide choice d traditional dishes to dining in a luxurious period atmosphere \Wth service friend and foe praise us
      109 words
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      Page 8 Advertisements Column 5
      0 8 `;\?&"?<+.%+~:/;=@"[`{|:}__."&@
      0 words
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  • BANKING AND FINANCE
    • Article
      Prices of fixed-income securities rise sharply
      591 9 WITH talks of recession intensifying in the United States, prices of fixed-in-come securities continued to bound upward last week. The rally, which was sparked by a series of weak economic statistics in April, also received added impetus from the uncertainties treated by the petrol
      591 words
    • Article
      Morgan is again chairman
      101 9 MORGAN Grenfell (Asia), represented by Mr Michael Hildesley, has been re-elect-ed to serve a third term as the chairman bank of the Council .of the Singapore Merchant Bankers' Association (SMBA). Also re-elected is Singapore International Merchant Bankers for a second term as the council's treasurer. The
      101 words
    • Article
      Lock icon Increase in Paris intervention rates
      355 9 Reuter THE ONE quarter percentage point rise in the Bank of France's money market intervention rates is intended to iron out a differential caused by upward pressure on term market rates. The rise in market rates has encouraged substantial use of the bank's Treasury bill
      Reuter  -  355 words
    • Article
      Lock icon Deposit rates cut
      174 9 Reuter HONGKONG aad Hhigtwl IhiHag Carp has redaeed meat skart aai medlam-term rlagglt depestt rates in Malaysia by Utt per eeat elective this week. The huk eat the rale far eae meath deposit ta 5 per eeat (5.25) three maatks ta 5.25 per eeat (5.5), stx meath*
      Reuter  -  174 words
    • Article
      Lock icon Consolidation through US dollar package
      305 9 Reuter US Federal Reserve Board chairman William Miller said President Carter's Nov 1 dollar defence package has provided America with a necessary breathing spell in which the administration's monetary, fiscal and anti-inflation policies can take hold. The policies will work on the fundamental factors that
      Reuter  -  305 words
    • Article
      Loans by banks worldwide higher in April
      253 9 BORROWING on international capital markets totalled US$B.5 billion (5J18.7 billion) equivalent in April, with international bank loans totalling $5.77 billion and external bonds $2.73 billion, the Organisation for Ecooomic Cooperation and Development (OCED) said. This is the first time the OECD has published
      253 words
    • Article
      Lock icon BOOST FOR N.Y. HOUSING BONDS
      624 9 NYT OWNERS of New York City housing authority bonds, who plan to sell, may wish to delay the decision. In the next few months and possibly by July 1, one of the 16 such issues outstanding is expected to be converted to a federal programme
      NYT  -  624 words
    • Article
      Pembangunan profits soar to M$3.4 million
      222 9 BETTER performance by the subsidiaries as well as the bank itself boosted profit at Bank Pembangunan Malaysia for the year ended December 31, 1978. Group pre-tax profit quadrupled to M 53.39 million from $799,606 in 1977. Dividends from investments and profit on the sale
      222 words
    • Article
      Lock icon HIGHER YIELDS ON MARK BONDS?
      169 9 Reuter YIELDS on 10-year mark Eurobonds could be even higher than the expected 8 per cent level by the end of this year, Hessische Landesbank Girozentrale board chairman, Mr Heinz Sippel said in London. He said that he could not imagine West German prices growth
      Reuter  -  169 words
    • Article, Illustration
      Lock icon Fed did not order shift to higher rates
      379 9 NYT. CONTRARY to a widespread belief in the money markets, the Federal Reserve system's top policymaking body did not authorise a shift toward higher interest rates when it conferred on April 27, according to a Federal Reserve report published last Friday. The
      NYT.  -  379 words
    • Article
      Rand increase slows
      229 9 THE SOUTH African financial rand has now reached a point where a marked slowdown in the tempo of increase must be expected, the deputy governor of the Reserve Bank, Mr C. L. Stals said. The financial rand has risen strongly recently to USBS 25 cents to the
      229 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        459 9 WITH London closed yesterday, the foreign exchange market was thinly traded with rates generally unchanged from the day's Opening levels. Dealers said that nervous market sentiment with most dealers preferring to take a wait-and-see attitude also curbed trading positions. The dollar opened at 220.20/30 against the yen and
        459 words
      • Article
        Hongkong
        189 9 THE US dollar yesterday firmed against the main European currencies on demand for the unit from European banks in quiet trading with London closed for the day, dealers said. It was quoted at a late 1.7405/25 Swiss francs up from an earlier 1.7360/90 and New York's 1.7355/65 close on
        189 words
      • Article
        Asian $ rates
        146 9 Asian rates ASIAN currency deposit interbank rates as at close on May 28: 7 days 1 months 2 months 3 months 8 months 9 months 12 months US Dollar**Spot) Offer Bid 10 1 10'. 11 1/10 10 15/10 109/10 107/10 11 10'* 10* 10*. M*. 10H 10*. 10H SwJn. iUmUU
        146 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
        Discount
        51 9 RANGE at price* offered by discount houses on May 28: Overnight Vi 4HCf Call deposits 4Mtf Oosi>( B-yi-t S«Uiag 3 month Treasury bills 4 11/16 4 9/16 3 month Bank bills V t 7H 3 month CD 7 S 6 month CD 7 3/16 71/16 Source: National Discount Co
        51 words
      • Article
        Australia/NZ
        64 9 QUOTES on the Australia and New Zealand exchanges on May 28: AUSTRALIA: US dollar 1.1070/1.1022 Sterling 0.5418/0.5356 Ninety-day air mail buying rate*: Sterling 0.5622 US dollar 1.447 Ninety-day forward buying rate*. Sterling 0.5453 US dollar 1.1106 NEW ZEALAND: Reserve Bank midrate USJ***** Trading Bank indications: Sterling 0 5096 0
        64 words
      • Article
        Gold futures close sharply higher
        361 9 SINGAPORE gold futures yesterday closed sharply higher compared with Friday night's close in fairly active trading, dealers said. Opening quotations were marked up sharply around US$4 reflecting firmer overseas gold prices and firmed further during the morning's trading on speculative buying. The market however, fell
        361 words
      • Article
        Tokyo
        160 9 THE DOLLAR for overnight delivery yesterday closed firmer at 220.30 yen, compared with a 219 JO opening and 219.20 at Friday's close. The Bank of Japan was believed to have sold a small amount, probably US$lO million to $20 million, at 220.00 and 220.30 yen in the morning to
        160 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      221 9 iiUiTpFturnTFio THE FIRST INTERNATIONAL RUBBER AND PLASTICS EXHIBITION FOR ASIA WORLD TRADE CENTRE. SINGAPORE. 26-30 MAY 1980. A uU Every year, thousands of new rubber and plastic products enter the market Whether tor use in industry or the home, every product reflects some new development in engineering or marketing expertise.
      221 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1455 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. AU Time Settlement Contracts are quoted after the word "sett". Big Board deal
      1,455 words
    • Article
      Government bonds
      159 10 4 1/2% 1/8/80 (250,000) (99.358 00.458) 4 3/4* 15/9/80 (250,000) (***** W.BSS) 6 3/4% 1/6/78-80 (250,000) (100.708 100 J5B) 5 1/2% 1/5/79-81 (250,000) (100 JOB 100.458) 5 1/4% 1/3/81 (250.000) (*****8 *****8) 5% 1 ft/4/81 (250.000) (MSOB 99.858) ft% T r 1/ft/83 (250.000) (100.058 100.158) 7% 1 ft/4/85
      159 words
    • Article
      Stock options
      86 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. CeM Storage (June $2.00) (0.378 0.445). C C (June $2.60) (0.428 O.SCS). Haw Par
      86 words
  • Article
    Unit trusts
    157 10 {SINGAPORE UNIT TBI (Mi—tim* prices tar Ma; The Commerce 2.17 The Saving Fund 140 S'pore Prog Fund 1.01 S pore Sec. Fund 1J7 S'pore Invest Fund 1.35 S'pore Equity Fund 0.J0 ST r»> 2.30xd 1 107 1.20 1 43 LM INCOME BOND UNIT (Carnal prtoss) Income Bond 1.10
    157 words
  • Article
    SHARE INFORMATION SERVICE
    2645 10 1979 High Low Compaay Last Sale orGr's Div Div Cvr Gr's Y*ld Net P/E Vol Week (*000) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 261 190 142 180 265 IK 240 350 215 380 560 230 100 272 480 142 261 1400 128 505 470 103 630
    2,645 words
  • Article
    In Kuala Lumpur
    1679 10 BID and after price* officially listed and lnirißHi 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 INDUBTBIAI4 AOM (2 635) cd AjMMta (2.808 2.855) Aleaai (1 818) (1)
    1,679 words
  • Article, Illustration
    Absence of selling pressure a healthy sign
    690 10 A FEW firm spsts were mM here and there la a quiet ui lrregalar market at the Stock Exchange ef Slagapore yesterday. Early firmaesa la the plantatiea sector was heM la check hy iatermltteat heats ef mm taklag. After the straag pash la
    690 words
  • Article
    Kuala Lumpur prices close narrowly mixed
    532 10 PROFIT-TAKERS moved in soon after trading opened at the Kuala Lumpur stock market yesterday and prices closed narrowly mixed. Some attempts were made to hold prices at Friday's levels, but these failed owing to lack of support. The trend was particularly evident among the
    532 words
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  • COMPANY NEWS
    • Article, Illustration
      City Developments poised for better profit growth
      1069 11  -  By CHAN BONG SOO WITH RENEWED confidence in the property market, developers in Singapore are currently gearing themselves for the big push to make up for the lean years. City Developments (CD), for one, is well placed to exploit the changing situation. And
      1,069 words
    • Article
      Universal Cable confident
      348 11 UNIVERSAL Cable which was listed on the KLSE last August has got off to a decent start and is now all set to improve growth in profit and turnover in the current year. Its first quarter performance has been satisfying, particularly with regards to orders received since
      348 words
    • Article
      DIVIDENDS ANNOUNCED
      779 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Apollo 10% May 14 May 20 May 29 15% 15% Tractor* 10*1 Apr 18 Apr 28 May 29 10% 3S% Ambassador 75%<b) Apr 27 May 7 May 30 75% Carls berg 15.8%
      779 words
    • Article
      SCRIP ISSUE
      135 11 Company Particulars Ex Date Books Close Utd Plant OlIB Olympia Oriental HMfi Mai Flour Bonus Issue of 1 /or 4 Bonus Issue of 1 for 8 Rights Issue of 1 for 0 fe $2.00 per share Bonus Issue of 1 for 2 Bonus Issue of 8 for 5
      135 words
    • Article
      Shortage will be over soon, says CCM
      295 11 THE SHORTAGE in the supply of caustic soda, which has been causing concern to the various manufacturing sectors in Malaysia, is likely to be overcome in the near future. According to a spokesman of the Chemical Company of Malaysia (CCM) which is one
      295 words
    • Article
      Barlow's merger
      933 11  -  By STEVEN TAN THE UK holding company that will emerge from the amalgamation of four Barlow group companies had an estimated turnover of £7.472 million last year, on which a pre-tax profit of £3.002 million could be made. The latest-year performance of the four scheme companies contained in
      933 words
    • Article
      Haw Par's bid for Setron
      657 11 Letter to the Editor THE COMMENTS on Haw Par/Setron takeover by your Mr Hock Lock Siew in last Thursday's issue of Business Times (24/5/79) is most timely and lays bare some of the weaknesses of the present proposal. As an investor/shareholder, may I pose a
      657 words
    • Article
      Lock icon Singapore Glass shines
      413 11 iu by HOCK LOCK SIEW A BARRAGE of etrprnte results, mostly (tVNnkle, flooded the Stock Exchange of Singapore yesterday. The best sews for investors came from Singapore Glass. The grosp unveiled gronp pre-tax profits of a record $5.75 million, more than two-and-a-half times the $1.27 million managed
      by HOCK LOCK SIEW  -  413 words
    • LATEST RESULTS
      • Article
        YEO Hiap Seng (M) Bhd:
        64 11 Unaudited group pre-tax profit of M 54.56 million ($3.25 million) for the six months ended March 31 on sales of 135.16 million ($24.73 million). Parent company pre-tax profit $4.24 million ($3.07 million) on sales of $28.61 million ($21.60 million). The company said there have been
        64 words
      • Article
        HOTEL Grand Central Ltd:
        52 11 Audited group 1978 after-tax profit of $568,805 (no comparison; first report since going public). Group sales of $2.79 million. Parent company aftertax profit of $588,073 on sales of $2.79 million. First and final dividend 5.5 per cent gross, payable on July 27 to shareholders registered on
        52 words
      • Article
        PAN Electric Industries Ltd:
        40 11 Unaudited group 1978 after-tax profit of $4.72 million ($5.38 million). Parent company after-tax profit of 1990.000 (*I.S7 million). Dividend 10 per cent gross (20 per cent), payable on Aug 31 to shareholders registered on July 31.
        40 words
      • Article
        LIEN Hoe Industries Bhd:
        69 11 Audited group pre-tax 1978 profit of M 53.40 million (663,383) on turnover of $23.07 million (19.96 million). Parent company pre-tax profit of $2.05 million ($187,175) on turnover of $20.36 million ($15.10 million). Final dividend 7.5 per cent gross on enlarged capi- tal following one-for-four rights issue
        69 words
      • Article
        LEONG Huat Industries Ltd:
        22 11 Unaudited group 1978 net profit after extraordinary items $239,662 (loss $1.61 million). Extraordinary item loss of $10,735 (nil).
        22 words
      • Article
        PETALING Tin Bhd:
        55 11 Esti- mated group after-tax profit of M 54.63 million ($2.48 million) for the half year ended April 30. Interim dividend 50 cents gross (40), payable on June 28 to shareholders registered on June 21. Output of tin concentrates 12,887 piculs (11,500). Average Penang net price of tin
        55 words
      • Article
        BOLTON Properties:
        62 11 Pre- tax profit of M 53.03 million ($5.18 million) for the year ended Dec 31, 1978. After accounting for share of loss of associated companies of $1,706 (loss $5,241) and tax of $1.39 million ($2.4 million), the net profit was $1.64 million ($2.78 million). The directors have recommended
        62 words
      • Article
        SYNTHETIC Resins (M)
        43 11 said it has contracted to purchase from its associate, Synthetic Fabrics (M) the freehold land and buildings in Tampoi, Johore Bahru, at a price of $1 million. The transaction is subject to the approval of the Malaysian Foreign Investment Committee.
        43 words
      • Article
        SINGAPORE Glass (1974):
        113 11 Group pre-tax profit of $5.78 million ($2.15 million) for the year ended March 31, 1979. Turnover was $41.32 million ($30.70 million). Net profit after tax and depreciation was $3.48 million ($1.28 million). The directors are recommending a bonus issue of one-for-five and a first and final dividend
        113 words
    • Article
      COMPANY MEETINGS
      72 11 Genttng Bbd: AGM to be held at 8th Floor, UMBC Building, Jalan Suleiman. Kuala Lumpur at 10.00am on May 31. Overseas l aion Eaterprise Ltd: AGM to be held at the Mandarin Court 'A', 4th Floor, Mandarin Hotel, Orchard Road, at 12 noon on May 31. Pacific Development
      72 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      147 11 Study Accountancy with the Specialists Study with Fonlks Lynch J io\i)o\ Since 1 SS4 milks I neh have specialised in luformt: >111«Jci 11v horn all round the world tor ihc various \ccountan-cv examinations anJ over these \ears have achieve J 149,000 SUCCESSES 406 FIRST PLACES 376 SECOND PLACES 4,000 other
      147 words
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  • Article
    WTC 'no' to holding of Asia Marine '79
    774 12  -  By TSANG SAU YIN A TEST case has come up before the convention and exhibition industry on the question of duplication of exhibitions or of two similar shows held within a short time of each other. Eurotech Managements, organiser of Asia Marine
    774 words
  • Article
    Accord soon to curb practice of open registry
    576 12  -  By JOHN TAN THE FIFTH session of the United Nations Conference on Trade and Development (Unctad V) in Manila is nearing agreement on a resolution which will eventually curb the practice of ships flying flags-of-con-venience. Sources said the main parties involved, the
    576 words
  • Article
    Consultancy aims its expertise at small firms
    438 12  -  By QUEK PECK LIM Financial Correspondent A MANAGEMENT consultancy to provide small companies with managerial and financial expertise previously available only to large corporations and multinationals, will begin operation in the Republic next month. The company, Medora Tong Chow Associates (MTCA), a partnership
    438 words
  • Article
    Lock icon Japanese survey team lands on Senkakus
    277 12 AP THE JAPANESE government sent a survey team ashore yesterday on a tiny uninhabited island in the Senkaku chain between Okinawa and Taiwan, claimed by Japan, China, and Taiwan. The 31-member team dispatched by the Okinawa Development Agency used several small boats and a
    AP  -  277 words
  • Article, Illustration
    Lock icon WEANED? NOT QUITE
    74 12 DESPITE two days of aatiAmerican demonstrations in Iran last week, there are some things from the United States that Iranians just can- not do without. And one of them is American tobacco. The picture shows an enterprising young man selling many well-known brands from his car in
    AP photograph.  -  74 words
  • Article
    Avoid bursting the rubber balloon call
    928 12  -  By A. KADIR JASIN AS THE price erf rubber spiralled to its recent record levels in the last two weeks, some quarters of the market are beginning to (eel nervous about the immediate market reaction and are urging operators to exercise caution so as
    928 words
  • Article
    Lock icon Thailand rules out Asean defence pact for now
    363 12 Reuter THAI Prime Minister Krtangsak Chomanan was quoted in Bangkok yesterday as saying there was no need at the moment for a military pact between the five non-communist members of Asean. But be said: "We could not definitely say there will not
    Reuter  -  363 words
  • Article
    Lock icon Rise in gold price
    53 12 UPI SUMITOMO Metal Mining Co said yesterday it would raise the (Mice of gold by 56 yen (550.56) per gram to a record high of 1,936 yen (5519.36). The company said the raise corresponds to rising gold prices in London and the recent depreciation of the
    UPI  -  53 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      90 12 We wish to sell our entirely equipment for manufacturing of light weight garments. 68 modern sewing machines, Brother, Juki, Pfaff, Dorfcopp, Union, Rimoldi, CRA fabric laying-up machines, bandknives, Eastman cutters, cuttingtables, pressing machines, steam irons plus all other necessary equipment and accessories. The machinery park is suitable for 60-75 operators,
      90 words
    • Advertisement
      Page 12 Advertisements Column 2
      3 12 Leader...Page < Leader...Page I
      3 words
    • Advertisement
      Page 12 Advertisements Column 3
      82 12 "THE MASTERS" Sia-i«a.s*i c^p si*?3 <» M V" 33 r k. p 1.. Distinguished Residence. 1 -2-3 bedroom suites Prices from: $55,000 Canadian Funds Developer with give 5-year rent guaranty. For information contact: In Hong Kong: Montpelier International Properties 305, Fu House, 7, Ice House Street Tel: 5-*****1 In Singapore:
      82 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      58 12 Outlook for Singapore from 6 a.m. to 1 p.m. today:lsolated showers. Report tor 24 hears prior to 7J9 pan. m May 28 at the airport. Maximum temperature 31.8 Associated humidity 67 Minimum temperature 24.5 Associated humidity 97 Hours of sunshine 4.55 Rainfall in millimetres Nil Total rainfall for the month
      58 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon The sailing ship era?
        121 13 AFP THE recent sharp increase in oil prices may result in a return of the sailing ship era. Nippon Kokan K.K., one of the major Japanese shipbuilder, revealed that its Tsu shipyard in Mie Prefecture, central Japan, is now engaged in tests on a three-masted ship
        AFP  -  121 words
      • Article
        Lock icon Shipping Aid
        80 13 Reuter THE Dutch Cabinet has considered the shipbuilding industry's problems and still has all its options open, Prime Minister Andreas Van Agt told a press conference. It is considering the question of whether further information is needed and should the Cabinet continue discussions this week, he said. Rijn-Schelde-Verolme
        Reuter  -  80 words
      • Article
        Liverpool dockers
        54 13 LIVERPOOL dockers have broken another performance record. Nearly 300 containers were discharged and loaded from the cargo vessel "Wicklow" in 12 hours, an average of more than 24 containers an hour. The operation to discharge 155 boxes and load a further 135 was carried out with just one
        54 words
    • Article
      A. President Lines cuts red tape
      593 13 COMPUTER LINK AMERICAN President Lines (A PL) has successfully implemented the first phase of a programme which will significantly reduce the number of documents required for transporting merchandise into the United States, according to Mr G. E. Bart, senior vice president for marketing. The
      593 words
    • Article, Illustration
      Financing scheme for Hansa
      293 13 THE GOVERNMENT'S ship financing srbrmr became a reality last week with the signing of a I Stt.3 million (SS2M miilion) term loan U Hansa Offshore (SEA) Pte Ltd. IV loaa was made by the Slagapore branch of Bank of America and Is the first such lean
      293 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2892 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      2,892 words
    • Article
      INDEX
      488 17 SUpvtag Um Pace CM ACS n s Afea IV 3 Alpac IV 5 Angkutan V 4 ANL I 1 APL m 2 Armada V 3 Arya Nat n 5 ASCL m s Atlas V 3 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben Asia m 3 Ben
      488 words
    • Article
      Container Schedules
      1072 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 ShiDDintr Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority s premises during
      1,072 words
    • Article, Illustration
      Tropimere hovercrafts jet into West Asia
      668 18 TROPIMERE Ltd, builders of the Dash 6 and Dash 7 light utility hovercraft are widening their business in response to a request from one of their customers in West Asia. Hamoor Marine Equipment, which has recently taken delivery of a luxury version of the
      668 words
    • Article, Illustration
      Chip-controlled navigation
      449 18 MAGNAVOX Government and Industrial Electronics Co. of the US have introduced two new microprocessor-controlled navigation instruments that can provide accurate navigation information anywhere and in any weather. The instruments MX 1142 Satellite Navigator and 1106 Satellite/Omega Navigator are the latest in the MX 1100 series of satellite navigators
      449 words
    • Article
      Lock icon A record for Taiwan's breakers
      951 18 Fairplay IF one segment of the world's shipping industry can smile over the results of 1978 it must be the breakers. Taiwan yards claimed a record 263 vessels dismantled in 1978. This represents 6.52 million tonnes of shipping broken. The demand for breaking berths in
      Fairplay  -  951 words
    • Article, Illustration
      SHIPS IN PORT
      426 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Setawar (after Bunga Mas) 19 Pacific Trader (Tanker) (1000 after Joo Hong (P/O) Subject, gas free) 13/14 Palm Sea Horse (tanker) (1800 after Tadeusz Ocioszynski P/O) 15/16 Paragon (1830 hauls 15m West) Ruth Lykes (1700 after Solar Peak sails) 8/9 San
      426 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      464 13 EUROPE/FAR EAST SERVICE See Page IV Column 3 lor Sailings Agents SINGAPORE SHIPPING AGENCIES PTE LTD MARKETING *****2 GENERAL *****1 ft Msa EURO ASIA LINE SON BHD KL *****7. PKL A NG *****1/3 PENE NG *****/2 I \H \k I) I\ I Orient Overseas CaniaineA Line FULLY COKTMOtSEDI DMA CONTMO
      464 words
    • Advertisement
      Page 13 Advertisements Column 2
      340 13 H ANTAH SEALORD ■——mmmm m y jai UASC UNITED ARAB SHIPPING CO (SAG) i 11 All vessels ***** DWT, 105 TON H.L. Derrick 1 1 288 TEU Capacity. Long Length Capability ■•ARABIAN GULF WEEKLY SERVICE" Vessel S pore Loading for 118 M A 1 ROOM Dubai (7/6) Kuwait (12/6). Doha
      340 words
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      Page 13 Advertisements Column 3
      285 13 FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ): C COW AM R i N COBAI C N PfARI c ko:i A MCtWOM MA CO*ITW<R MERCAIC* P A*V>H SlOWf Ha»'t n <u» 19 My 4 Juf >4 M, C CO*UMR S po*f Clovnt fa Ofo 0300 JO Hit
      285 words
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      Page 13 Advertisements Column 4
      541 13 u Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. MAERSK LINE rot U S Pacd* Pacikc Nprtk WW Gull 4 Atlantic, last Canada and Mem (Abo accepting tor Honfkont Taiwan Japan and Korea) FVUT CONTAWKUn) FAST MtfCT Mother Vessel Saied Salad ALBERT 3-4/4 4-5/4 W-11/5
      541 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      669 14 FULLY CONTAROBED TO EUROPE Wt*R»» Carina Bay TMae Egress EIFRESS CONVENTIONAL TO EUROPt Sin PJ(ate« Pea Bftw Gmm HW| Rwaea Mm tahwp Saphie Ibduaen 9/8 11/6 30/6 16/7 14/7 11/7 9/7 Paul Ibdunen 18/6 20/6 24/6 19/7 13/7 30/7 28/7 25/7 23/7 FULLY CONTMOBED TO GEWM/TKESTE S pan P. ReMat
      669 words
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      Page 14 Advertisements Column 2
      319 14 Tr CANADA/USA Padßc Cms! XT £3 Za lEEBI (UC) 4-7/1 U/i 17-21/1 1-1/7 21-24/4 1/7 24/7 1/1 1/7 a/7 2/1 34/7 V» 4/7 VI C/l 29-31/5 l-11/l 1/7 11/ l VI 1112/7 24-21/7 13-15/7 2J-M/7 4-9/4 11-IVI l-11/l 11-11/1 11-14/4 22-2V4 11-14/4 24-25/4 IML v. W m m £3 G>
      319 words
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      Page 14 Advertisements Column 3
      431 14 W ©EVERGREEN LINE FAR FAST FUROPF FXPRFSS FULL CONTAINER SERVICE ACCEPTMG CARGO FOR HAMBURG FELIXSTOWE. ROTTERDAM ANTWERP. LE HAVRE ALSO ACCEPTMG CARGO FOR: UNTEDKMGOOM SOUTHAMPTON, [ondon. Manchester, bkmmgham. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BREMERHAVEN HOLLAND AMSTTRDAM 5 p»t Frtntwt «*4ar«an tatawp It Htwi Evw Vtftgm MM*t 22 I* akm
      431 words
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      Page 14 Advertisements Column 4
      819 14 Everett LinesJ i 2 TB. Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' I OAOMG FOR RANGOON 10/11 JIM B F SS C Agents m Motoyvo TEPS MALAYSIA Port KHong Tel (38) 7355 Penong Tel *****/***** Compania Aifantina Da Navaaadon Intarcontinantal S. A. C.I. F. ARGENTINE NATIONAL LINE" LOADMG FOR
      819 words
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      Page 14 Advertisements Column 5
      648 14 THO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD KM 2102 2103 21ST FLOOR MARINA HOUSE SHFNTONWAY MISTRI ROAD SINGAPORE 2 TEL *****44 7 *****70 31 SANKYO LINE AUSTRALIA SERVICE KYOSEI MAMJ THREE STAR P. Keiang Smgapore Loading for: 12/14 km 15/16 km SYD. MEL. WEI 15/ IS km 17/17 km BINS BANGLADESH
      648 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      887 15 Overseas Containers Limited Weekly service to/from UK/Europe To UK/Continent Htag Idaa S'tM Spar' PKatag D'aurt Ki I'mp U Haw* ILK. Br—i Eapreas 30 May Hta 21 ta 22 ta 24 ta 17 In Mm Bit 30 May 23 km 21 Jm <24 km) IS In l*H»i Eapran 4km (km 24
      887 words
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      Page 15 Advertisements Column 2
      889 15 GRANARD LINE ROIMU ft OEPENMBLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FM EAST/MEUTERRAKAN UMMH.iaL_ 2Z if? Bar ut L imissot Lattakta/ PWaM/«PB*a»/T»eM MV. MM FUNS tjm MM Mdati/P Sari/Afeundria/ Bwut/Uttilua/PircMH/ TnpoA/Benfhan MV. KWONE FIMC V.2SN. MM JtddaA/P Satf/Ataandria/ Ml WSSaS ACCEPT* CONTAIN CMtSO Beirut/I attakia EAST BOUND-MEDITERRAIEAN/FAR EAST MV. MM FUNG V7lE.—
      889 words
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      Page 15 Advertisements Column 3
      436 15 r rPT*; BEN LINE CONTAINERS express com wo sonnet to/from europe a WITH ÜBUTY TO CAU AT RED SEA PORTS SPORE *****4. K LUMPUR *****4 P RE LANG 6521. PENANG ***** BEN ASIA CONTAINER SERVICE I BENBULK BULK SERVICE FOR TMBER AND PLYWOOD Tttonco Tetok Ayti Sport P Acta* LhMh
      436 words
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      Page 15 Advertisements Column 4
      509 15 Scan Dutch 9 WEEKLY EXPRE u/t ua n/f a/i 12/1 K/l H/l 1/7 8/IWI/I 1/7 7/7 IJ/7 14/7 17/7 l«/ 7 M/ 7 17/7 11/7 17/7 22/7 M/ 7 2^7 M/ 7 S/7 U/7 2/1 11/7 VI 7/1 l/l EASTBOUND FROM MED/UK/NC/SCANDINAVIA 1) n»t 2) H-tat 3) I'm* 4) ttao
      509 words
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      Page 15 Advertisements Column 5
      587 15 AGENCIES THE BANK LINE LTD. LOADS FOR E. ft S. AFRICA REEQBMM (Reunion Mapinga. Durban Ctown. PE. Ltfn) Spore 4/7 ten P Ketang FROM EAST t SOUTH AFRICA FOR BANGKOK. MAMLA Imm ...Penanc P Kelang S pore km LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, Galveston)
      587 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      856 16 *-K LINE KAWASAKI KISEN KAISHA. LTD. TO EUROPE FROM EUROPE TO FAR EAST Vessels caA HWg. Bremen, R'dam. Awurp and Lt Haw*) AGENTS S PORE NEPTUNE AGENCIES PTE LTD Tel: *****11 MALAYSIA KONTENA NASIONAL SDN BHD Tet P KeUng 7475/6 KL *****4 Penanf *****/5 SOUTH AFRICA S pore Durban Ldn
      856 words
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      Page 16 Advertisements Column 2
      679 16 W2M\ E.C./GREAT LAKES SERVICE 10MMNS FOR: ICD TOM. NOVOLR. MONTREAL. TORONTO VAMRRAM" 4/5 DM 2/3 Arm >/ 1 Ja mtei- 29/39 imm n/ntrnm 24/24 m CALFORMA/PACFIC NORTH WEST SERVICE Loadta| tar LOS AMGEIES. SMI FRAMCSCO. SEATTLE. TACOBBR. VANCOUVER. R.C "SO AMOHRA PRADESH' "SO MAMPUR". Iw: lOS MGEIES. SM FRAMCSCO. SEATTLE,
      679 words
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      Page 16 Advertisements Column 3
      381 16 C > roup SINGAPORE SHIPPING AGENCIES PTE. LTD 20TM FiOO« OCEAN BUILDING SINGAPORE 1 MARKETING 9"122 i 3 LiNESi GENERAL 91 3111 (1 4 l INE SI TELE* RS 2459S RS 2SS6B AB C ARSMIP •CA 8L E CARGOSMIP -JK.\ SINGAPORE ISLANDS LINE MIPDI t VAST RttiULAR l.l\t R A
      381 words
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      Page 16 Advertisements Column 4
      556 16 _MA HAY Si AN INTERNATIONAL SHIPPING CORPORATION BfRHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tg Man Spurt PMang Pen** laatag tar 2/6 Mm 8/10 taa LHorn 19/6. CAtl Lpooi 25/6 Bremer 30/6. Hb| 3/7. Rdam 6/7. Ltfon 10/7. Aawrp 18/7 I 10/12 tat 13/ IS
      556 words
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      Page 16 Advertisements Column 5
      640 16 INTRASEA (PTE) LTD. Faber House 234E Orchard Road. Singapore 9 Telephone *****11'*****57 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S-pra P Katarig Pwang laaWg tar MOMOUIiaUS 418 2tm Aoa <W>/A app/TWary/ BoPogat ELK WB4O (Cub Slap) 25 ton Konrfte* Hwbw| Agtuh S**pt MUMU (TW) lIS 2152*11 KXXSK 2J5M57 i umm
      640 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      130 17 CELTIC BULK CARRIERS Regular Bulk Service For Timber ft Plywood OEVON onr «QY 1 hftrt HOUAM) naunwiz i 7/« mwtes.tuury HOL/Mmnr cane rtwti in 10/7 hoi. tl. ant Ganarai Aftnli: Marathon Umtad Agancy Pta Ltd Spora Tat; WHOM (3 Mnaa) MANIFEST SHIPPING SERVICES SON BMO: K.L. TEL. 4MS7* P KELANG
      130 words
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      Page 17 Advertisements Column 2
      130 17 lIAN SOCN SHIPPING TRADING CO (PTE) LTD ao: 1 t* 'ioo» i" 9unDi*G,•obiuso* »o»o s<»g»»o»< 'fl moil! ii«St Cihi n*N«tMD w. ten mm DOM MUU kepimnta P.T ZVDOSESIAV OEIEVTAL LllE^ i JAKARTA REGU.M OEPENDMIf EXPtfSS SfRWCF TO I FROM MDOKStt P.HUMG STORE DCS TIM HON JTA 20/30 M»r 31/1 km
      130 words
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      Page 17 Advertisements Column 3
      105 17 ARMADA SHIPPING APS LOWMG FOR NORFOIK/rmGOUU SIMGAPORE PORT KELANG PENANG "sea T®r mrMi/ami GENERAL AGENTS: EVERETT STEAMSHP CORPORATION S/A CUM C«*t Smmn) Id *****/9 Uot* Ct Id *****1/1 X hack Sfrtrt. he*| t» 39/193 O.CJ.C 9* Id *****/1 NORIENT LINE F/WGO SHIPPING COMPANY tPTEJITO. oO /*B T l Ii) f
      105 words
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      Page 17 Advertisements Column 4
      182 17 P.T. PEXUSAHAAN PEL AY ARAN ANGKUTAN PERTAMBANGAN THE OUT SMGAPORE/iDONESIA CONTAMER FEEDER SERVICE AUTHORISED BY MMNESIA GOVERINENT WITH FULL CONTANR VESSELS EACH CARRYMG 112 TEU VESSEL TARBANG M TAXARII ALSO ACCEPTMG CARGO FOR MOONESIA GOVERNMENT PROJECT AND HEAVY MACHMERCS TMMO IV TAKMD V TAftAMN SMGAPORE LOAOMG FOR 31/5 *T 1/1
      182 words
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