The Business Times, 24 October 1979

Microfilm: NL10367
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 141/1/7S WEDNESDAY, OCTOBER 24, lfJ9 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon NZ aid offer
      69 1 Reuter JAKARTA, Tues. New Zealand Deputy Prime Minister Brian Talboys said here today that his country could provide military help to Thailand under a long dormant military pact in the event of a Vietnamese invasion. He said that New Zealand and Thailand were signatories of the Manila
      Reuter  -  69 words
    • Article
      Lock icon Oil cutback plan
      97 1 AP KUWAIT, Tues. Kuwait plans to cut back its oil production in 1960 because of the substantial increase in prices achieved this year and an expected drop in world demand, Oil Minister Sheik Ali Khalifa Al-Sabah has disclosed. "The sharp rise in oil prices this year provides
      AP  -  97 words
    • Article
      Lock icon Anti-collision scheme
      62 1 Reuter KUALA LUMPUR, Tues. Malaysia planned to introduce a traffic separation scheme in the Straits of Malacca to prevent ship collisions, a government minister said today. The Minister of Science, Technology and the Environment Tan Sri Ong Keei Hui told Parliament the scheme was included in the government's
      Reuter  -  62 words
    • Article
      Lock icon Policies bearing fruit
      77 1 AFP WASHINGTON, Tues. The new US monetarist policy launched on Oct 6 has already started to bear fruit, said Mr Frederick Schultze, vicechairman of the Federal Reserve Board. The "attitudes" of banks and public had changed. But it was trickier to control the money supply than to
      AFP  -  77 words
    • Article
      Lock icon Hope'for air fare talks
      67 1 Reuter CANBERRA, Tues. Talks between Australian and Asian officials to end their long-running dispute over cheap air fares to Europe are moving towards a settlement, aviation sources said. Negotiations went into their second day in an attempt to conclude an agreement on the terms under which
      Reuter  -  67 words
    • Article
      Lock icon Dow Jones
      114 1 UPI NEW YORK, Tues. Stocks were mixed early Tuesday as an opening rally evaporated rapidly. Trading was active. The Dow Jones industrial average, up more than 3 points at the outset, was off 0.50 point to 808.61. The Dow gave up 5.55 points Monday after being down 16.
      UPI  -  114 words
  • Article
    Chief Price Changes
    137 1 Falls Suagei Besi 980 -80 D Kertmtl 1140 -40 Ayer Hltu Tin 1400 -30 Kuala Sidim 300 -28 Strait* Trading aos -25 M Banking 720 -20 GuiMMI 575 -20 Malakoff 298 -20 Be r junta! 700 -15 Utd Plantations 908 -12 Shangri-La 720 -10 Tractors 615 -10
    137 words
  • Article, Illustration
    KUALA LUMPUR
    161 1 Falls A. Hitam (t) 1400 -70 S. Trading 696 -25 Kempas -24 Kamunting 310 -20 Tongkah 450 -20 Rahman Hyd 500 -20 Sanyo 332 -18 Kg. Lanjut 300 -16 C.C.M. 560 -15 Berjuntai Keck Seng 765 274 -15 -14 G. Ropel 308 -14 Glenealy 226 -12 Utd. Plant
    161 words
  • Article
    Technology unit proposed by Lee
    814 1  -  JAPAN-SINGAPORE LINK By TSANG SAU YIN PRIME Minister Lee has proposed to Japan the setting up of a Japan-Singa-pore Institute of Information Technology that would play an important role in Singapore's economy through technological development. This suggestion was included in a Joint communique by the
    814 words
  • Article
    TRAINING 30,000
    236 1 THE National Trades Union Congress (NTUC) has estimated that as many as 30,000 workers will be made redundant as a result of Singapore's new industrial policy which seeks to upgrade both the skills and wage levels of workers. In an editorial of Labour News, published by NTUC, the
    236 words
  • Article
    Sime's domicile plan finalised
    465 1 SIME DARBY Holdings expects the scheme for the transfer of Its domicile from the UK to Malaysia to become effective on Dec 20. In the explanatory document released yesterday, the company said the scheme will-lapse if it is not Implemented by Jan 31 next year. It
    465 words
  • Article
    A POSSIBLE MERGER
    296 1 THE Singapore Employers' Federation and the National Employers' Council are likely to form a Joint working committee to study a possible merger. Both the bodies are in favour of the merger which was first suggested by the Minister of Labour, Mr Ong Pang Boon at the SEF
    296 words
  • Article
    S'pore, China may conclude trade agreement this year
    174 1 TRADE and Industry Wliiliii i Mr Oak Chek Ttag has aaM thai Stagapm and China are exeaaelade a early aezt year. He alse aaM the agreeneat Is expected te call (MFN) treatment far each ether and the la eaeh ether's eeaatry. MFN
    174 words
  • Article
    Orient fares will rise by 7pc from November
    369 1  -  BY WANG LOOK KEAH AIR FARES from Singapore to several Asian destinations will be raised by up to 7 per cent from Nov 16. This is the third time (ares for travel in the Orient have been increased this year. The first
    369 words
  • Article
    US$ STRENGTHENS
    111 1 THE US dollar yesterday climbed against the Japanese yen to a 20-montb high despite determined efforts by the Bank of Japan to support its currency. The dote finished at ***** ye in after briefly touching a Ugh of 235 yen in trading as Japan's Central Bank spent an
    111 words
  • Page 1 Advertisements
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  • TRADE AND INUDSTRY
    • Article, Illustration
      Sep trade deficit rose sharply to $912m
      409 2  -  EXPORTS AT $2.67b By LEE YOKE MENG SINGAPORE'S trade deficit widened sharply to $£L 2.1 million in September, the biggest monthly deficit recorded so far this year. With exports totalling 12.675 billion and imports 13.587 billion, the trade deficit in September was about
      409 words
    • Article, Illustration
      It mixes well with printers
      182 2 A NEW series of programmable controllers for mixing liquids with precision will be introduced to the South-east Asian market. They will be of special interest to textile manufacturers and printers. The Aldis controllers will be introduced by Spraymation of the United States. The company will
      182 words
    • Article
      Finance Minister to open meeting of tax association
      262 2 THE first general meeting of the Commonwealth Association of Tax Administrators begins at the Goodwood Park Hotel today. The meeting will be opened by Finance Minister Mr Hon Sui Sen. Delegates from some 30 Commonwealth nations and dependent territories will attend the
      262 words
    • Article
      Hotel and restaurant meeting
      85 2 THE president of the Singapore Hotel and Restaurant Association, Mr SC Huang, will lead a 24-member delegation to the 16th Asian and Australasia Hotel and Restaurant Association »nniu>i convention in Jakarta. The three-day convention will be opened by President Suharto. About 300 delegates from Asean, New
      85 words
    • Article, Illustration
      NEC office humming
      397 2 THE newly-established sales office of Nippon Electric Co (NEC) of Japan has been very active over the past few months, having sold five business computers. Two of these machines were purchased by Hotel Royal Ramada. Priced at $250,000, the computer will be used for front-office reservations, including
      397 words
    • Article
      Fertexim enlarges its operations in Singapore
      424 2  -  By FOO CHOY PENG THE Hongkong based Fertexim group of companies is strengthening its operations in Singapore in anticipation of increasing activities in the Asean region next year. To cope with the growing activities, the group has appointed two vice-presidents to stregthen its senior
      424 words
    • Article
      Futuristic theme at printing show in Australia next June
      162 2 ••PREPARING for tomorrow...today" is the theme of a 2-day seminar at Pakprint '80, an international printing and packaging exhibition'to be held in Australia in June. Leading Australian and international speakers will discuss a variety of subjects including technological developments, the effects
      162 words
    • Article
      MEMO PAD
      341 2 COURSES AND TALKS Oct 25: Preparing Today's Youth For Tomorrow's Family, Regional English Language Centre, Singapore Family Planning Board Oct 29: Public Relations as a Management Function, Waterloo Street Centre, University of Singapore Oct 29: Public Relations for Secretaries and Receptionists, Waterloo Street Centre, University of Singapore Oct
      341 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      94 2 HILTON International has appointed Mr Tl—■ Yew as division comptroller with responsibilities lor the Singapore Hilton as well as the Jakarta and Kuala Lumpur Hiltons. Mr Yew first joined the Singapore Hilton in November 1969 as assistant comptroller. He was promoted to operations analyst in 1972, and
      94 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      36 2 A 1 1 I l I I Li IT CURKHKICH PHVSK2imNESCB«HS i j The MarcoPoloHotel,Tanglin Road, Singaporelo24.Tel:647l4lextBl32o^ "Your fitness is my business 99 f \O\V \>\ Cut out this portion and call in for a FREE WORK-OUT!
      36 words
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  • REGIONAL
    • Article
      Modest gain in KL tax revenue expected
      468 3 FEDERAL revenue of the Malaysian government is expected to achieve a modest growth next year despite generous tax cuts offered by the 1960 Budget. Estimates of federal revenue for 1960 issued in conjunction with the Budget show that the revenue will grow by
      468 words
    • Article
      Lock icon Hanoi reiterates stand on danger air zones
      191 3 AFP RADIO HANOI reasserted Vietnam's rejection of the Chinese Civil Aviation Department's communique on July 23, establishing four danger zones over high sea areas and territorial waters pertaining to the Paraeels archipelago. "The Vietnamese Foreign Ministry once again affirms its total sovereignty over
      AFP  -  191 words
    • Article, Illustration
      Lock icon Famous statues fail to attract Chairman Hua
      63 3 Chinese Chairman Hna Guofeng passing marble statues of female figures on his way to a state dinner given by West Chancellor Helmut Schmidt at Brnehl Castle near Bonn on Monday night. Although the statues along the baroque stairway are famous works of Balthazar
      AP photo  -  63 words
    • Article
      Lock icon SILENCE BROKEN
      258 3 AFP FORMER prime minister Mrs Sirimavo Bandaranaike's Sri Lanka Freedom Party (SLFP) broke its silence on a government allegation that SLFP trade unionists had plotted to kill president J.R. Jayewardene. The SLFP issued a statement expressing "grave concern" at the government's allegation and "condemning" any attempt on the
      AFP  -  258 words
    • Article
      Lock icon Filipino reform scheme for plantation tenants
      220 3 Reuter TENANTS of plantations in the Philippines will become shareholders in their operating companies, President Marcos said. In a presidential announcement to the interim national assembly, Mr Marcos said the new plantation reform programme will ensure plantation tennants have a guaranteed corporate share in
      Reuter  -  220 words
    • Article
      ON BILLS
      33 3 THE Malaysian National Chamber of Commerce and Industry plans to convene a meeting with the Minister of Finance in mid-NOvember to discuss the various wn« tabled in conjunction with the Budget.
      33 words
    • Article
      Lock icon Japan may face business recession soon
      338 3 AFP BUSINESS recession may start in Japan in about half a year, an official of the Economic Planning Agency (EPA) said yesterday. The official said a key government indicator of future economic trench plunged to 20 per cent in August, compared with the previous
      AFP  -  338 words
    • Article
      Lock icon Price Tokyo must pay for those extra barrels
      311 3 Reuter INDONESIA will not 9ell an additional 90,000 barrels of oil to Japan this month at a price of less than US$35 a barrel, Piet Haryono, president-director of the state oil company Pertamina said. In an interview, he said negotiations on the
      Reuter  -  311 words
    • Article
      Lock icon Oil picture gloomy for second half year
      178 3 UPI JAPAN was spared a serious oil shortage in the first half of 1979 but the government has painted a gloomy picture for the remaining half-year period. The Ministry of International Trade and Industry said in preliminary figures yesterday that September"s oil imports
      UPI  -  178 words
    • THE REGION IN BRIEF
      • Article
        Lock icon PRODUCTION INCREASE
        561 3 Agencies JAPAN'S vehicle production in September row 17.7 per cent to 811,000 from 689,000 in August, and 4.2 per cent from 778,000 in September last year, the Japan Automobile Manufacturers Association said. The September total comprised 516,400 cars, up 2.8 per ognt from a year earlier, 289,300 trucks,
        Agencies  -  561 words
    • Article
      Lock icon Free-pricing policy
      166 3 Reuter THE Japanese Ministry of International Trade and Industry said it will discontinue intervening in pricing of oil products and allow Japanese refineries to pass on higher crude oil prices to consumers. Ministry officials said the Ministry has been unofficially intervening in refineries' pricing to prevent indiscriminate increases.
      Reuter  -  166 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      194 3 Your clients will need to go to Brunei... there are good reasons they should go Royal Brunei. Not the least of these reasons is the choice of 10 convenient flights per week from Singapore. With the businessman in mind Royal Brunei's morning flight leaves at 10.15 on Wednesdays, Thursdays and
      194 words
    • Advertisement
      Page 3 Advertisements Column 2
      143 3 lYJw'l w I i i I THE UNK o BETWEEN THE SOURCES AND THE MARKETS. AMONG THE ASEAN CAPITALS AND HONG KONG. FERTEXIM.THE LINK. We're NEW. So we want you to know us now, and watch us grow. From what we're doing now... Supplying FERTILIZER to INDONESIA, MALAYSIA, THAILAND, the
      143 words
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  • RAW MATERIALS
    • Article
      Malaysia's irresistible cash crop
      695 4 NEARLY half the annual tonnage of palm oil produced in the world today comes from Malaysia. According to the Malaysian Treasury Economic Report 1979/80, the total volume of crude palm oil produced in Malaysia this year will reach 2.06 million tonnes, an increase of 17 per
      695 words
    • Article
      Sabah & Sarawak big role in timber
      312 4 Sabah Sarawak big role in timber THE future of the Malaysian timber industry lies in Sabah and Sarawak as these two states are expected to play a big role in the restructuring that is due in the industry. Low quality logs not suitable for export which are found in Sabah
      312 words
    • Article
      Straits tin
      75 4 THE STRAITS tia price In Peaang remained changed it M52,11l per pienl yesterday, Mffl above the lateraatteaal Tla Agreement ceiling, dealers said. Despite higher sappUes of tla eaaeeatrates from miners, aad the weaker Loadea tread, the market geaerally held steady sa sastaiaed baying sappert from Japaa, the US
      75 words
    • Article
      Closing prices
      29 4 Rubber; Oct 23 Singapore: November: 283.25 cents (up 3.5 cents) Malaysia: November 283.75 cents (up 3.5 cents) Tin: M$2,OU (unchanged) Official offering: 257 tonnes (down 13 tonnes)
      29 words
    • Article
      Hongkong Comex
      148 4 THE SUGAR futures market yesterday closed firmer in continued dull trading, dealers slid January closed at 13.86/96 US cents against Monday's 13.58/60 close, March at 14.36/38 against 14.02/04 with distant October at 14.96/15.02 against 14.70/74 cents. Cotton trading yesterday remained quiet and featureless with no trades done as
      148 words
    • Article
      Wheat
      59 4 CHICAGO Board of Trade wheat futures closed mixed on Monday, off as much as 2 y« US cents a bushel while gaining up to 3 cents. Commission house buying possibly for export interests helped prices firm late in the session, traders said. Local short-covering ahead of yesterday's export inspection
      59 words
    • Article
      RUBBER
      232 4 THE SINGAPORE market closed slightly higher yesterday with November One RSS buyers quoted at 283.25 cents per kilo, up 3.50 cents from Monday's close, dealers said. Morning prices were marked up about 3 cents on after-close steadiness here on Monday, nearby and forward buying while afternoon prices rose further
      232 words
    • Article
      RAS PRICES
      338 4 R AS prices In cents per kilo yesterday: Noon Cloap (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 279.00 200.08N Int. 1 R.S.S. November ***** 202.50 Int. 1 R.S.S. December 286.00 200.50 tat. 2 R.S.S. 275.00 27S.OON UK Cool 274.00 275.00N lat. 3 R.S.S. 272.00 273.00 UK/Ooat
      338 words
    • Article
      SSR and SMR
      118 4 NOON SSI BA8 I *ad SMR pi ncm yeetardar Novas ihor Decaa lb«r (C«fT»»( Btt y e r» t 1 Mtfc) (Forward Mth) Bayers Seller* SSR 20 (1 -too pallet) 262-50 264 50N 264.00 266.OON SSRSO (1 too pelletl 258 50 261. SON 261.00 263 00N MRELB
      118 words
    • Article
      Soybean
      145 4 FUTURES closed mostly lower, off as much 5 US cents a bushel while posting gains of up to 3 cents in Chicago on Monday. An exporter was an outstanding crush spreader throughout the session, buying large amounts of the December, May, January and July soybean contracts and selling products,
      145 words
    • Article
      Produce exchange
      358 4 THE Singapore produce market yesterday ruled generally quiet and prices for most commodities tended lower. Dealers reported very little fresh deals as there were few enquiries from Europe and America. Most of the European ports still prefer to deal direct with origins where they are able to obtain
      358 words
    • Article
      Textiles
      164 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattea yam: China Blue Phoenix 20b 2,325; 32b 2,075, 40b 3,030 (per bale of 400 lbs). Pakttaa raw eettaa: LSS 4.12; 4F 4.14; 289F 4.20; NT roller ginned 4.16 (per lb). CLOTH in
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    • Article
      Rice
      332 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE; 100 per cent first class (Kangaroo) new crop 1.01, 100 per cent second class 0.83, 100 per cent third class 0.80, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-wper 0.65, Special 0.61.
      332 words
    • Article
      LONDON MARKETS
      764 4 ALUMINIUM: Ended yesterday's morning ring dealings £5 up for cash and £4 higher for three-months. Prices moved to record highs in pre-market dealings with three-months trading up to £822 per tonne on good follow-through speculative demand to recent advance and on rumours, later denied from Paris, that French
      764 words
    • Article
      Palm oil
      75 4 CJ.F. North European ports, in US dollars per ton unless otherwise stated. LONDON: Mon Previoua Malaysian 5 "i ffa bulk per tonne December 585.00slr 595.00alr Sumatra 5*r ffa bulk October November December January Feb/March 585.00pd 595slr 597 50slr 605.00slr 607.50alr 585.00pd 590 OOpd 594 OOpd 600 OOpd 605.OOpd
      75 words
  • ASIAN STOCK
    • Article
      Lock icon Investors' concern over Wall Street
      613 4 TOKYO Source: DBS-Daiwa THE MARKET was sluggish in the morning session, reflecting investor concern over the continuing decline of the New York market, and was dominated by a wait-and-see attitude. Trading was moderate. Despite the negative factors, dealers placed modest orders for resources-related issues in
      Source: DBS-Daiwa  -  613 words
    • Article
      Sydney
      289 4 STOCK prices yesterday advanced led by energy shares, dealers said. Thiess jumped $1.79 to 16.74 after CSR announced it was in the market for 16.8 per cent of Thiess capital, worth about 174 million. Takeover target, BH South, was up 5 cents to $3.80. OCT 23 Cent* INDUSTRIALS a
      289 words
    • Article
      Hongkong
      290 4 THE MARKET eased again in quiet trade yesterday, reflecting Wall Street's worsening condition and a fear of higher interest rates. Local operators were generally apathetic and turnover narrowed considerably before lunch. Hang Seng index: 658.14 -4.11 Turnover: HK5106.78 mil OCT 23 HK* Amal Rubber 4 40B Associated Hotels 4
      290 words
    • Article
      Manila
      135 4 THE market closed mixed yesterday with oils posting slight gains while commercials, industrials and minings declined, dealers said. Turnover rose to 7.20 million pesos from Monday's 5.27 million. OCT 23 Pe»o« Ac OK Mining 0079 unch Atlas Con. A Atias con. a mat -0.1 Bacuto OoM awm -0j0M2 Bencuet
      135 words
    • Article
      Selected indices
      58 4 FINANCIAL TIMES INDUSTRIALS H K HA NO SENG llftfUlfy 406.7 Friday 4GQA Week AfO 488A Week ago 661.71 DOW JONES AVERAGE INDUSTRIALS Monday .809.13 Friday »14JB Week mo 884.04 LONDON DOLLAR PREMIUM Monday 27 to 27^ SYDNEY INDUSTRIALS Tuesday 533.83 Monday S3&08 Week aco 537.51 ALL ORDINARIES Tuesday
      58 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      113 4 For a Successful BANKING Career study with Wolsev Hall OXFORD for the Institute of Bankers CONVERSION COURSE The duration of the complete Wolsey Hall Conversion Course is 26 weeks so enrol now for the December 1979 examination. Also available. Wolsey Hall Courses for the Stage n Year 1 examination (New
      113 words
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  • OVERSEAS
    • Article
      Lock icon Chaos if no accord on set fares for airlines
      287 5 Reuter SEVERAL airline industry representatives said that commercial aviation faced chaos if airlines were not allowed to reach an agreement on set fares. But Sir Freddie Laker, Britain's champion of cutprice air travel, took a strong stand against pricefixing. They were
      Reuter  -  287 words
    • Article
      Lock icon Replacement planes
      137 5 Reuter MIDDLE East Airlines Airiiban Sal will spend about US$l billion on 19 short to medium range airliners to replace its present Boeing 707 fleet with deliveries commencing next year. Fernand Saada, airline vice president said the plan has still to be approved by the airline's board but
      Reuter  -  137 words
    • Article, Illustration
      Lock icon And then there was only one
      74 5 Israeli Premier Menachem Begin sitting alone daring Monday's session of Parliament in Jerusalem following resignation of his Foreign Minister Moshe Dayan. In the foreground is Mr Day an's chair, next is Depoty Premier Yigael Yadin's (who is in hospital recovering from a heart attach).
      AP photo  -  74 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      792 5 ARRIVALS Service Local Operator Number Time From TMA TL375 0530 BEY/DXB/KUL MAS MH601 0700 KUL MAS MH682 0710 KCH SIA SQ101 0900 KUL MAS MH621 0920 PEN MAS MH607 0845 KUL RBA BI421 0930 BWN MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP GIA GA980 1030 HLP
      792 words
    • Article
      Lock icon An economic theory that advocates tax cuts
      341 5 UPI AN economist is advocating an economic theory that could become very popular. Not only does it promote tax cuts but just about anyone can understand it. Dr Arthur Latter, a young economist at the University of Southern California in America, thinks taxes
      UPI  -  341 words
    • Article
      Lock icon Declining status causes concern
      255 5 UPI LEADING American businessmen, senators and a scholar expressed concern over the declining US position in international trade and called for a cohesive trade policy and the restoration of technological leadership. The occasion was the twoday National Foreign Trade Convention which got under way with hundreds
      UPI  -  255 words
    • Article
      Lock icon Exxon profits rise by more than 120pc
      648 5 NYT EXXON Corp, the world's largest oil company, reported that its third-quarter profits rose by more than 120 per cent to a record US$l.l5 billion, the first billion-dollar quarter in the company's history. The extraordinary rise in earnings (or the three months ended
      NYT  -  648 words
    • Article
      Lock icon Saudi Arabia against use of oil weapon
      232 5 UPI SAUDI Arabia disapproves of using oil as a political weapon to force a solution to the 31-year old ArabIsraeli conflict, Saudi Defence and Aviation Minister Sultan bin Abdel Aziz said on Monday. He said, "The use of oil as a weapon to
      UPI  -  232 words
    • Article
      A different role
      97 5 MAJOR international oil companies cannot go on playing their middleman role because of the trend towards direct, and government-to-government, deals by producing countries, Ahmed Said, director of Opec's research division, said. Opec does not want the majors to disappear, but would prefer to see them in the
      97 words
    • WORLD IN BRIEF
      • Article
        Lock icon AGAINST INSIDERS
        516 5 Agencies THE UK government is proposing an amendment to the Companies Bill to ban insider dealings, Trade Minister Cecil Parkinson said. He told Parliament that insider dealers will be defined as people connected with a company or who have been over the previous six months. These people will
        Agencies  -  516 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      83 5 A Just pick up the phone and Emery picks up the responsibility. i. When you're busy meeting deadlines, controlling inventory, hounding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as seriously as you do. That's
      83 words
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  • Article
    Sweeping it to sub-contractors
    404 6 THE introduction of an updated version of the Singapore Institute of Architects (SIA) form of contract is timely. It will remove one of the primary excuses for costly work stoppages and eliminate the lengthy process of arbitration while a project languishes. Under the new proposals, architects
    404 words
  • Article
    All too clear SEF, NEC should merge
    278 6 IT is a relief that Singapore's two employer unions have at least indicated that they are prepared to set aside their differences in the interest of a merger. That it was prompted by a Cabinet member is secondary, for the advantages of a
    278 words
  • Article, Illustration
    Lock icon Industrial Island plan not feasible in Netherlands
    1023 6  -  By SCOTT HORNTON Reuter THE ECOLOGISTS' dream of artificial islands on which dangerous and heavily-polluting industries are based is impractical, the Dutch government has concluded. Such islands would be too expensive to operate and the concentration of so many high-risk plants could produce
    Reuter  -  1,023 words
  • Article
    Lock icon COAL AND OIL POWER
    666 6  -  By YOKO SHIBATA FT BY NEXT YEAR, the world's first power station operating on Coal and Oil Mixture (COM) should be on stream in Japan. The process, based on a technology developed by General Motors in the US, has been acquired and extended by Dengen Kaihatsu
    FT  -  666 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      36 6 Looking for EXECUTIVES PROFESSIONALS > dJ Reach them through the appointments page of Sunday Nation reaches 60% of the English literate executives and professionals in Singapore. For more details please coll Francis Ng a* 284-8844 Ex*. 335.
      36 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1444 6 &RADIO Darwin keeps moving BOREDOM is jast kept away aad thea eaiy hy the gnoei at Charles Dmrwia m Chaaaei I, $J» pm. Dtrwla keeps ea mevtag, this time lew the Argeatiae pampas to Baeaes Aires alter receiving pcraliiiii frenn General Sana. Later be travels to the majestic fflgk Aades
      1,444 words
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  • Article, Illustration
    Lock icon Boeing's UK strategy
    1977 7  -  ANNUAL SPENDING OF $645 MILLION By MICHAEL DIXON FT PLANS BY Boeing, the biggest civil jet builder in the world, to spend more than US$3OO million (about ***** million) a year in the UK aerospace industry through the 1980s reflects the company's determination to make a success
    FT  -  1,977 words
  • Article
    A strong Opec cartel needed
    1007 7  -  FORUH. with JOHN TAN STRANGE how international alliances and love-hate relationships seem to change constantly. It was only in 1973 that the world first learnt to hate and fear Opec, the oil producers' cartel, which in one bold stroke threatened to impoverish the Western world
    1,007 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      318 7 SUBSCRIBI TO SINGAPORE BUSINESS TODAY! •Cl* C& \fft Singapore Business, of course, is a magazine you know. It's a must reading for politicians and a mine of information for business and professional people. Students too find Singapore Business an invaluable wealth of information. In fact, anyone who has any interest
      318 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        203 8 OCT 22 Fit abn 341 00 -j Ahold 83 50 -li Also 27 90 unch AMEV 9750 25 2S.ii, 130 TO *02 Amro Bank 8&90 -Ot Btrgou 58 00 unch Berk ***** -0.7 Bo Is W OO 1 Borsumij 175 JO -25 Burhmami 61 00 0.2 Byenkorf 87 00
        203 words
      • Article
        Paris
        266 8 OCT 22 Frs CORBEILLE Air-Liquid* B S N Gervals Danone C8F (ThomsonCtf) Cle rrumlw des Petroles Compagnle Financier* Compagnle Generate Credit Foncler De France Hachette (Llbralrte) Machines Bull Mlcheltn (B) 442 839 411 285 342 479 195 SI 10 852 220 50 -10 -22 -14 -7 -4 -4 -3
        266 words
      • Article
        Frankfurt
        209 8 OCT 22 Dm Aec-Tel«funken 4050 +03 Akzo 25.00 -05 Alls Leben ***** unch Alls Vera 410.00 -8 BASF 138 40 -U Bay H T Wbank ***** Bay Vbank 273.00 Bayer ***** -08 ppr 288 00 0J BMW 172J0 Cassella 390 00 -8 Chem Verw *****B Commerzbank ***** Contl Oummi
        209 words
      • Article
        Zurich
        190 8 OCT 22 Francs Actions Sulsses 304 -1 Alusulsae Br. 1310 unch A Insula* Reg 900 unch Brown Boveii Br. 1985 -S at* Gelgy Br 1310 3D Cltw Oelfjr P C 1065 10 Cite Gelgy Ret 712 ♦4 Credit Suisse Br 2210 unch Credit Suisse Re« 430 -2 Elektrowmtt Br.
        190 words
      • Article
        Brussels
        82 8 OCT 22 FT* FORWARD MARKET Ac«c TJ* -1 Arbed 2280 -20 A»tur 5T2 -8 Brmacan 572 -22 Bru-Ltmb 1135 -20 Can par Sit -50 Cock 3T» -3 De Brers 285 -S Ebc* 2100 -5 Eleclrobel 6580 30 Gb-lnno-Bm 2580 10 Oev KT70 -10 Hobok 2620 -15 Petro 5100 -20
        82 words
      • Article
        Milan
        99 8 OCT S Lire Ante ira -0 25 Assoc Oen ***** -•10 Butofl 782 -14 Centrmle -96 Flat 2513 -82 Flnslder 125 -1 Q«n Immob -15 IF1 Prt 2TSW 10 italcementl l -m° -800 .j IUlskder Z 345 unch Majnrli M Pf 633 •1 Martin Ere 3W •1 Med lob
        99 words
      • Article
        Broad decline
        1386 8 NEW YORK THE STOCK MARKET on Monday ended near its lowest point of the year in heavy trading as prospects for higher interest rates continued to depress prices. Analysts said investors still expect the Federal Reserve to raise the discount rate and said they fear the finning of
        1,386 words
      • Article
        TORONTO
        239 8 OCT 22 CS Hud Bay Min 21'« -1 -2>* Imp Oil 37U Ab'MM n\ .4 Inn> 22'. A lean 42 -14 Int Prov Pipe M Algoma 28 S -1 Int UU H -H Bank Mont 22 S Intl Nickel 22. -1* Bank Nova ScoUa 204 -1 Kerr Add 10«
        239 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      144 8 Where to wine, dine and entertain Come, 'sample' an experience! DOLPHIN CAFETERIA.: World M Trade Cents you musi#^ Delectable local dishes and Western lunches set in daintily stylish Scandinavian decor. Popular SELF-SERVICE lunch daily. From 10.30 am to 3.00pm and snacks from 3.00pm spm You've got to try it to
      144 words
    • Advertisement
      Page 8 Advertisements Column 2
      179 8 For banquets. For conventions. For other functions of flawless finesse. I unct:< >m.s t(>r up [< > JS() yiwst:s InU'r natu >nal nit'uus t<»(fx >< ».st' fr < nn i >rnpit'tt' runqc <»/ audio risim! cqu.pt ih'nl :\nip!c parking spare i\ rnliin I "Slm-i-iiloh Nil ij£«q h SHERATON HO'ELS AND
      179 words
    • Advertisement
      Page 8 Advertisements Column 3
      129 8 See Page 4 for Asian stocks See Page 9 for Jo'burg prices Si irocsc Seafood c ij> p y 1 J •H v Corky !lolrl •if ■< I House A ail Everyday is a htq house affair for us Because each day is another new opportunity to perfect our se'vicf
      129 words
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      Page 8 Advertisements Column 4
      149 8 LUNCH AT Hill's Savour the true flavours of Singapore in cool exotic, 'rooicai surroundings at the newlook Hin's Heavenly Cook house Choose from a .vnoie variety of local foods like Murtaoak, Steam-Doat. Malay Curnes Noodles. Smoked Duck anc Suckling Pig, Satay. Chilli Crabs Exceptional Cantonese menu Dy celeDrated Hong Kong
      149 words
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      Page 8 Advertisements Column 5
      83 8 Merlin's New Coffee House delicious drinks and beverages, scrumptious savouries and snacks, and authentic oriental delights are yours to enjoy at Merlin's new Coffee House. The decor is stylishly cool and the atmosphere cheerfully casual, which, together with the fine food, make Merlin's new Coffee House a delightful oasis to
      83 words
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  • BANKING AND FINANCE
    • Article
      The question of PLR rises in near future
      668 9  -  By COLIN CHEE THE LATEST round of prime rate increases by banks seems unlikely to develop into anything more extensive as bankers begin to take stock of the situation and ask if future rises in the immediate term are necessary. Going by
      668 words
    • Article
      Lock icon JOINT VENTURE IN BUDAPEST
      216 9 Reuter CREDIT ANSTALTB a nkverein said the Hungarian National Bank and a group of leading European and Japanese banks will found the first joint-venture "offshore" bank in Eastern Europe next month. A spokesman for Creditanstalt, one of the participants, said the new bank will be founded
      Reuter  -  216 words
    • Article
      Toyo Trust branch
      142 9 THE Toyo Trust and Banking Company has established a wholly owned subsidiary in Hongkong, Toyo Trust Asia Limited (TTA), which opened for business yesterday. With a paid-up capital of US$5 million, TTA will provide full merchant banking services to the Hongkong and Asian business communities. Services offered
      142 words
    • Article
      Lock icon Japan imposes stricter rules
      117 9 Reuter JAPAN'S Finance Ministry has told Japanese banks to match their syndicated dollar loans with borrowings of similar maturities as far as possible, and to avoid concentration of loans on single borrower nations, banking sources said. The Ministry has also told them to restrict severely yen-denominated
      Reuter  -  117 words
    • Article
      Lock icon FOR ASEAN UREA PLANT
      131 9 AP JAPAN and Indonesia exchanged notes on Monday on a 33 billion yen Japanese loan for an Asean urea project in Indonesia. The project is to be developed in the northern Sumatran province of Aceh. Foreign Minister Mochtar Kusumaatmadja and Japanese Ambassador Hidemichi Kira signed the
      AP  -  131 words
    • Article
      Lock icon Takeover talks end
      74 9 Reuter WALTER Heller International Corp and Midland Bank Ltd said they have terminated discussions on the proposed acquisition of Heller by Midland. No reasons were given. In July Heller said Midland offered to acquire all its common for U5542.50 a share in a transaction valued at about
      Reuter  -  74 words
    • Article
      Lock icon Hongkong rules on liquidity requirements
      673 9 FT THE HONGKONG government has introduced the long-awaited legislation to impose liquidity requirements on deposit taking finance companies. Simultaneously it has made changes in the Banking Ordinance, which governs the operations of licensed banks, to redefine liquid assets and to extend their range. Both measures,
      FT  -  673 words
    • Article
      Fairly tight market
      388 9 DESPITE Bank Negara's intervention in the money market in the middle of last week, which brought interest rates for overnight interbank and term money to one of the lowest levels in recent months, the market has remained fairly tight. The general feeling among bankers that longterm pressures
      388 words
    • Article
      JOHANNESBURG STOCK PRICES
      306 9 OCT 22 Rand INDUSTRIALS A Alpha 230 5 Abercom 280 7 AE And CI 506 S AMIC 1825 Barlows 735* <j >15 Cf Sugar 900 PN A 310 -5 Currte Finance 120 5 De Beers Ind 1075 25 Edcon 406 Mpri 5000 unch Eve ready Fed Votk
      306 words
    • MONEY AND EXCHANGE$
      • Article
        Gold
        276 9 THE SINGAPORE gold futures market yesterday cloaed between US$6.5O and US$9.OO lower in quiet trading, following lower overseas advices, dealers said. Turnover fell to 180 lots compared with 257 lots on Monday with interest mainly on December and February contracts, they said. December closed at U*****.50/397.80 an ounce against
        276 words
      • Article
        Hongkong
        163 9 THE yen continued under pressure yesterday, losing more ground against the US dollar in late Hongkong exchanges despite morning and afternoon intervention by the Bank of Japan in Tokyo, dealers said. The yen stood at a late 234.83/93 to the dollar, down from an early 233.90/234.10 here and New
        163 words
      • Article
        Tokyo
        127 9 THE US dollar for overnight delivery closed firmer at 234.75 yen yesterday, compared with a 234.20 opening and 232.80 at Monday's close, despite determined central bank yen-support intervention, dealers said. The Bank of Japan sold an estimated $250 million between 234.50 and 235.00 yen throughout the day to support
        127 words
      • Article
        London
        149 9 THE US dollar opened firm against major currencies yesterday, bolstered by sharply higher Eurodollar deposit rates and strengthening expectations of a further rise in US discount rate. It opened at 1.6730/45 Swiss francs, up from its 1.6650/80 close in Hongkong, 1.6645/65 in late New York overnight trading and 1.6625/40
        149 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.1 per cent.
        22 words
      • Article
        Asian $ rates
        185 9 Asian rates ASIAN currency deposit interbank rates as at close on Oct 23: Closing Asian dollar certificates of deposit for prime names: 7 days 1 month 2 months 3 months S months 9 months 12 months US DolUr»<Spoil Offer 1U I3H 19V. 19H 15V, 15H 15V. 16V. 16'A 15V. 15H
        185 words
      • Article
        Discount
        48 9 RANGE of price* offered by discount houses on Oct 23: Overnight 3% to 5^% Call deposits 5'*% Closing O.lL-^ Btyis* 3 month Treasury bills 5*« 5H 3 month Bank bills S<4 8 '4 3 month CD 8H 8W 0 month CD 813/10 811/18 Source: National Discount Co
        48 words
      • Article
        Australia/NZ
        61 9 AUSTRALIA/NZ exchange quotes on Oct 23: US dollar 1.1103/I.MSS Sterling 0.5198/0.5137 Ninety-day air mail buying rates: Sterling 0 5423 US dollar 1.1592 Ninety-day forward buying rates: Sterling 0.5E6 US dollar 1.1342 NEW ZEALAND: Reserve bank midrate: US dollar 0 9806 Trading bank indications: Sterling 0.4588 0.4558 US dollar 0.9854
        61 words
      • Article
        Singapore market
        463 9 THE US dollar opened higher yesterday against the major currencies. Little movement was seen against the Deutschemark but against the yen the American currency firmed sharply in fairly active trading. Starting off at 234.20/30 in the morning, down from the Monday close of 233.15/30, the yen slipped further
        463 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      127 9 Attend a FrN Prtntw S—lion. ly encouraging facia about YOURSELF and laarn how the Data Car nog to Courao can help you atop up aeM-confi-donco. atari you on your way to b*gger aarninga in bueineee, and anioy a happiar. moro meaningful and rewarding aocia) and home life. It can be
      127 words
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      Page 9 Advertisements Column 2
      293 9 A NATIONAL PRODUCTIVITY BOARD Executive Director The National Productivity Board, a statutory body vested with the responsibility of promoting productivity in the Republic is looking for an Executive Director to be its chief executive. The Executive Director, skilled in both policy initiation and administration, has to lead and motivate a
      293 words
Page thumbnail Page 10
  • Article
    BUSINESS DONE ON THE SES & THE KLSE
    1386 10 BUSINESS DONE ON THE SES THE KLSE BID and otter prices officially listed and business in an reported to the Stock Exchange of Singapore yesterday with the number o( shares traded shown in brackets in lots of 1.080 units unless otherwise specified SECTION ONE INDUSTRIAL COMMERCIAL Acma (2.358) Allied Choc
    1,386 words
  • Article
    Unit trusts
    147 10 SNGAFOKB UNIT 1BUC IT S pore Oowtk Fund 1.14 1.30 (Miaifiri' priM hrOMM) INCOME BON1 D UNIT The Commerce 111 2.34 (Cavr Hlprta«) The Saving Fund 1JI LM Income Band 1.M LS S pore Prof Fund OS 1 SMtxd S pore Sec. Fund LS 1.7> S'pore Invert Fund
    147 words
  • Article
    SHARE INFORMATION SERVICE
    2644 10 Gr's Gr's Net 1»7» Company Last Div Div Y'ld P/E Vol Dav High Low Sale or- C'vr ('000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 235 15.0 22 6.3 120 196 123* Alcom 196 10.0 14 5.1 26.1 m 148 110 Allied Choc 121 -1
    2,644 words
  • Article
    Stock options
    102 10 Striking price* at the option officially listed on the Stock Exchange of Singapore yesterday, the periodT bids and ottered prices and Nirintsi done, if any, with the number at options traded shown in brackets C C (Dec- *.75) (0.15B). Csli Storage (Dec -12.15) (0.1 SB). Par (Dec |l.40)
    102 words
  • Article
    In Kuala Lumpur
    1467 10 BID and otter price* officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number at shares traded shown In brackets In lots at 1,000 units unless otherwise specified INDUSTRIALS —(u£T A Chas (L 228) AMD (0.588 0.838) (5) 0 (1
    1,467 words
  • Article
    COMPANY MEETINGS
    133 10 MBGA Chemicals Bhd: AGM to be held at Wisma Mega, 2nd Mile, Jalan Batu Tlga Lama, Kelang, on Oct 25 at 11am. fleulh Bast Ida Carp: EOGM to be held at fth Floor, Bangnnan Hong Leong, 117 Jalan Bandar, Knala Lumpur, on Oct 25 at 12 noon. !■>■!
    133 words
  • Article, Illustration
    Liquidation sales take precedence
    700 10 SENTIMENT i JBttaaiii to be mtiw at the Mack Itinkaagr 8f fltppsn BgBlB lhaiaillwtelld by wUer price ru|M li low Higher-priced iteeki were paenOy mIM by bayera. As saeh, the tew sellers wbe bald sat bayera were bari Is eoant tbat ~m<tavestonte*these shares bad beea aeUtag
    700 words
  • Article
    Sellers lilt KL trading
    540 10 CONDITIONS were much easier on the Kuala Lumpur stock market yesterday as sellers again surfaced in moderate trading. However, the degree of losses this time were smaller, thanks to some bargain hunting support at the lower levels. The New Straits Times Industrial ordinary share index, reflecting
    540 words
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  • COMPANY NEWS
    • Article
      Sale of estate to Yardstick Holdings explained
      322 11 TRENGGANU Development and Management Berhad (TDMB) has disclosed that the negotiation for sale of its Chenderong Estate to Yardstick Holdings last October was originally conceived to be treated as a sale. However, it was subsequently advised that the estate could not be sold
      322 words
    • Article
      APMC's giant kiln will double cement output
      1154 11  -  LOWER FUEL OIL COSTS Associated Pan Malaysia Cement, a joint venture between Malayan Cement and PMCW, is undertaking the country's largest private sector project a $130 million cement plant that should point the way to enhanced profitability in the 1980s. There are, however,
      1,154 words
    • Article
      Minsec confident of better results
      484 11 MINERAL Securities Malaysia (Minsec), currently a takeover target of the sugar-based group, Perlis Plantations, has forecast that its earnings will improve further during the current financial year. The company's optimism is obviously based on expectations of better, or at least steady, dividends from its major
      484 words
    • Article
      Oriental and GM confer
      115 11 ORIENTAL Holdings has confirmed that its whollyowned subsidiary, Kah Motors, has held discussions with General Motors. In a brief statement to the Kuala Lumpur Stock Exchange, following a Business Times report last Saturday that Kah Motors was negotiating to buy over GM's motor assembly plant in
      115 words
    • Article
      Joint venture spurs UIC
      415 11 STRONG organic growth and a turnaround achieved by the new Joint venture, UIC-Marchon, have brightened prospects for detergent group United Industrial Corporation (UIC) after a setback last year. Group pre-tax profits rose by 17 per cent to 18.87 million for the year to July 31, aided
      415 words
    • Article
      RESULTS DUE
      182 11 Date La it Fall Yea r Cwnpuy w% 1 rOrlM iMt year Net EPS «»■<•) Oraas Dlv. <%) Pre-tax Profit (I**) Mai Bank F N 23/9 28.6 17.5 25,742 Sea View F 30/9 282L Msia Rice I 9/10 4.0 228 Glenealy F 11/10 8.8 10.0 4,719 Cold Store
      182 words
    • Article
      DIVIDENDS ANNOUNCED
      499 11 Current Ex Booka Date Total for Total for Payaieat Date Cioee i'avable tke year Previoua year Apollo 5*1 Oct 11 Oct 18 Oct 30 5* 7.5* Temerlok 13.5* Oct 8 Oct 18 Oct 25 17* 153* M Brew 20*(n) Oct 11 Oct 18 Oct 27 28* 28* Nat
      499 words
    • Article
      SCRIP ISSUE
      125 11 Company Rothmaas Keaayaa SKA Corp TeaMriofc Fancy Til# M U lad Pub Tax* 1 Particulars Bonus Issue of 1 (or 3 Bonus Issue of 1 for 4 Bonus Issue of lfor 1 Bonus Issue of 1 for 1 Righto Issue of 3 for 2 A S1 -20 per
      125 words
    • Article
      Lock icon Time for Interwood to get into the action
      521 11 ssoscl™, by HOCK LOCK SIEW THE fortunes of plywood manufacturer, International Wood (Interwood) have been linked to international economies on the one hand and cost pressures on the other. With at least 70 per cent of its products sold overseas, the company
      by HOCK LOCK SIEW  -  521 words
    • Article
      COMPANY BRIEFS
      216 11 INTBACO has informed the SES that it has incorporated a wholly-owned subsidairy called Singa Development Corporation on Aug 25. But the company is yet to commence operations. The authorised capital of this subsidairy is $5 million with an issued and paid-up capital of $2. Its main business will
      216 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      155 11 RECEIVERS' SALE Offers are invited for the purchase of assets of a leather footwear manufacturing company located in Kota Bharu. These assets consist of: (a) land: Location —Pengkalon Chepa Free Trade Zone Industrial Estate Area —6 acres Period of Lease—66 years expiring 1.6.2043 (b) Factory Building: Constructed in 1978 with
      155 words
    • Advertisement
      Page 11 Advertisements Column 2
      213 11 Every year, thousands of new rubber and plastic products enter the market. Whether for use in industry or the home, every product reflects some new development in engineering or marketing expertise. If you're involved in the rapidly-changing, fast-moving world of rubber and plastics, you need to keep pace with all
      213 words
Page thumbnail Page 12
  • Article, Illustration
    New contract form to cut building disputes
    680 12 tHE Singapore Institute of Architects has expressed optimism about the response from its members to its "radically" revised building contract which will be introduced next month. "I am confident all members will adopt it," the institute's president, Mr Sim Hong Boon, said yesterday.
    680 words
  • Article
    Unit trust not a company says Cashin
    250 12 THE High Court was told in the Tarling trial yesterday that a chartered accountant and governmentappointed inspector, Mr P G Grundy, had completely failed to comprehend the effect of the trustfHeed and its amendment. This was submitted by senior defence counsel for Richard
    250 words
  • Article
    QC against way of questioning
    207 12 QUEEN'S Counsel, Mr Michael Sherrard, objected strongly to the way the Solicitor General, Mr Wahab Ghows, went about questioning a prosecution witness at the eight day of the insider trading trial, yesterday. Mr Ghows was questioning Mrs Dolly Leong, manager of Golden Hope Securities (GHSJ,
    207 words
  • Article
    Lock icon UN manual reveals costly inefficiency
    374 12 Reuter MANY developing nations lose millions of dollars through inefficiency in collecting taxes from foreign companies, a UN manual said Monday. Several examples were cited by the manual, written by the Department of International Economic and Social Affairs to help in the preparation of bilateral
    Reuter  -  374 words
  • Article
    Freight rate meeting
    95 12 THE Malaysian National Shippers Council will meet next week to discuss the proposal by the Straits/ Australia conference to increase general freight rates next year. The head of the Trade and Industry's shipping and freight study unit, Encik ZuUrifll Rauf, said the conference had announced its intention
    95 words
  • Article
    LONDON STOCKS
    761 12 LONDON, Tues. Share prices eased in moderate trading with sentiment depressed by the possibility of further US prime rate increases and the impending statement by the Chancellor of the Exchequer, dealers said. At 3 pm, the FT index was down 4.3 at 462.4. Industrial leaders were mainly 2p
    761 words
  • Article, Illustration
    Lock icon SMILING START TO TALKS
    39 12 Premier Lee Kim Tew (left) Japanese Premier Masaysstal OUra (eeatre) aad Japanese Fsreign Minister Saaae Ssnsda sharing a jeke at the •peniag M the seeend reaad ef talks yesterday la Tekye. AP phete. AP photo
    AP photo  -  39 words
  • Article
    SIA to spend $4.5b in next 5 years
    663 12 SINGAPORE Airlines (SIA) will spend *4.5 billion in the next five years to modernise and expand its fleet of aircraft and operations The airline's chairman, Mr J Y If PilLay, revealed in the company's latest annual report that the investment programme will
    663 words
  • Article
    NBT sells Cartel Holt Holdings
    92 12 NORTH Borneo's whollyowned subsidiary, North Borneo Timbers (NZ), has sold off its entire stake in Carter Holt Holdings of New Zealand. A brief announcement to the Kuala Lumpur Stock Exchange says the sale, totalling 2,161,595 shares were disposed off for MH2.054 million. This will yield
    92 words
  • Article
    Foreign exchange earnings top $616m
    143 12 THE SIA group last year contributed $557 million or 3.4 per cent of Singapore's gross domestic product, says the airline's latest annual report. It is a 22 per cent increase on the previous year's contribution of $457 million. It's net foreign exchange earnings of $616
    143 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      58 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Scattered showers. Report for 24 hoars prior to 7JI pan. m 0ct.23 at Ike airport. Maximum temperature ....29.1 Associated humidity 74 Minimum temperature 24.0 Associated humidity 96 Hours of sunshine 1.70 Rainfall in millimetres 1.5 Total rainfall for the mon{h
      58 words
Page thumbnail Page 13
  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Shipwreck
        94 13 AFP A BODY believed to be that of one of the 57 South Korean fishermen missing in waters off Kushiro, was found washed ashore early yesterday on a beach near Kushiro West Port. Air and sea search were being continued yesterday for 62 Japanese and South Korean fishermen aboard
        AFP  -  94 words
      • Article
        Lock icon IHI order
        38 13 Reuter ISHDCAWAJIMA-Harima Heavy Industries said it has received an order for two 38,000-dwt oil product carriers from A.P. Moller of Copenhagen, for delivery by February 1982. It did not give the value of the order. Reuter.
        Reuter  -  38 words
      • Article
        Lock icon Kawasaki freighter
        36 13 Reuter KAWASAKI Heavy Industries said it has delivered the 5,986-ton freighter Hua Yuan Kou to its owner China Merchants Steam Navigation Company of Hongkong at its Sakaide Shipyard in Western Japan last week. Reuter.
        Reuter  -  36 words
      • Article
        Lock icon Ship sales
        82 13 Reuter LONDON second-hand tonnage brokers reported the bulk carrier Norbrott (35,083 long dwt, built 1966) sold to Greek operators for about US$6.2 million, and the tweendeck vessel Holstenbek (15,139 long dwt, built 1973) to German buyers for $4.3 million, on Monday. Demolition brokers reported the Panomeritis (3,725 light
        Reuter  -  82 words
    • Article
      Special Portland package for S'pore shippers
      583 13  -  By HSUNG BEE HWA PORTLAND, the fastest growing port in the United States, has a special package deal for Singapore shippers and exporters that will mean reduced costs for goods transported to inland American destinations. Mr Vernon Chase, the port's general manager for sales,
      583 words
    • Article
      Lock icon Norwegian takes stake in Danish firm
      149 13 Reuter NORWEGIAN shipowner Otto Grieg Tidemand will take a stake in the new Danish firm to be set up by West German engineers Maschinenfabrik Augsburg Nuernberg Ag (MAN) and Denmark's Burmeister and Wain shipbuilding and engineering group, man said. MAN and Burmeister will have
      Reuter  -  149 words
    • Article
      Lock icon LONDON FREIGHT
      349 13 AP GKEAT Lakes u4 St Lawreaee singievsyage grata rates ceattaaed U rise ta leaps aai beaads ea the Lsaisa (night market aver the weekead aad early Maeday, recerdtag the highest levels yet attataed this seaaea. Twe vessels s4 Ujm teas at heavy grata eaek were takea (ram the
      AP  -  349 words
    • Article
      Exotic oils case continues
      272 13 CUSTOMS officers were not careful enough when taking check samples of exotic, expensive oils due to be shipped from Indonesia to Europe, it was suggested in the High Court in London last week. Nor were drums containing the oils weighed according to the procedure set out
      272 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      1267 17 SHIPPING LIST where your ships are due and when SCHEDULE A guide to ships loading at Singapore for Ports around the World i i 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
      1,267 words
    • Article
      Container Schedules
      935 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/Agent and Is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following periods.
      935 words
    • Article
      Solving investment and rates problems
      1126 18 In this second part or the study of the sophisticated parcel carrier, an attempt is made to identify the important trade routes and the types of liquid cargo that are being transported. It traces the development and looks into the future of the trade the
      1,126 words
    • Article
      Lock icon Containerisation likely to keep on spreading
      562 18 Lloyds List SUBSTANTIAL further development of world containerisation is to boost container traffic by 500,000 units a year, according to OCL Cargo k Operational Services Division's general manager, Mr Harry Lunn. Even as a result of general development in world trade, existing container trades
      Lloyds List  -  562 words
    • Article
      Lock icon Unctad moves to hasten open registry phase-out
      543 18 Lloyds List IN AN effort to speed up the abolition of flags of convenience the United Nations Conference on Trade and Development seems prepared to adopt a resolution on the issue rather than a detailed convention. If Unctad is to stick to its
      Lloyds List  -  543 words
    • Article, Illustration
      SHIPS IN PORT
      458 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Seta war (after Olympian Baroness) 19 Christ! Hermann (0600 after Pakalong Seraya hauls) 28 Eseoba (after Vega) 45 Golden Eastern (0600 after Pakalong Seraya hauls) 27 Jal Sea Fortune (after Bougainville Bulk Maize) 8/9 Komsomolets Nakhodi (after Putra Jaya P/O will
      458 words
    • Article
      INDEX
      543 18 SWjwtagLtoe ACS Afea Alfred Alpac Angkutan ANL APL Arya Nat ASCL Asia America Asia Merchant Atlas Aust.Cont Bank BBS Ben Ben Asia BenBulk Ben Ocean Bienley Blue Funnel T IV V IV V I m n m n n IV IV m n m m m m V m
      543 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      230 13 I:\vivtf Lines ft TMt MOST PttQUtMT SAILINGS TO •AMftKOK MONOKONC JAPAN MJSAN. Corpn. t/A \RDIM AMAH Orient Overseas Co*d(u*tesi Line KOKM lACEM 2W *PTU* PEARL 17W I KOKM JMENON HI mCATOR UK aßonm. cw 17* Cattine Bremerhaven aft Catting Bremerhaven after Hamburg 4/12 5/12 6/12 9/12 Closing limes (S pore)
      230 words
    • Advertisement
      Page 13 Advertisements Column 2
      306 13 SEALORD ULJ ANTAFI H UASC UNITED ARAB SHIPPING CO (SAG) GULF WEEKLY MULTI-PURPOSE SERVICES Loading for 30/10 Mma Qaboos (11/11). Situate (14/11), Kuwait (17/11), Dammam (20/11). Dubai (23/11) 15/11 Al Jubari (27/11), Dammam (30/11) Kuwait (3/12), Dubai (6/12) Oubai (16/12), Abu Dhabi (19/12), Doha (22/12), Dammam (25/12), Kuwait (28/12) FULLY
      306 words
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      Page 13 Advertisements Column 3
      154 13 ■NOL NEPTUNE ORIENT UNES LTD FAR [AST EUROPE FULLY CONTAINF RISED SERVICE STRAITS AUSTRAL IA RO RO CONTAINER SERVICE member of the A too Consortium TO/WHOM AUSTH/UJA: Mso accepting transtapnient cup, to from Bangkok and E t+t Tenwsak Spare CM* Taws Fa C«|* ISM 27 Oct La c»|* UN 27
      154 words
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      Page 13 Advertisements Column 4
      652 13 SHOFUKU MNE Full Container Service N Straits Taiwan Japan See Page IV Column 3 for Sailings S PORE AC-{NT SHOFUKU AGENCIES tS) p TF LTD noon OCEAN BUILDING Singapore I MABKt |i*fG <M I \JI (3 UNESI 'Gf M flAi II! U4 < INES: IE IE RS 74SS 1 RS
      652 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      842 14 rv FltlY CONT AMUSED TO EUKOft p™ H"b«rg BTurtr EWWTS l( Harve Itkm Eipmi Mm Mam Kawga Mara lamakwaMm tt«»Htuw| Eiprns gemUrr Hamburg Eiprtss Benavwi Osaka Ban 77/10 79,10 S/ll 4/11 10/11 11/11 19/11 21/11 26/11 28 11 4/12 512 12/12 EXPRESS CONVENT lON AI TO EUROPE Span P Kelang
      842 words
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      Page 14 Advertisements Column 2
      434 14 DC sf-iS barber blue se< Front US ATLANTIC US GULf I EAST VAMOA Oct 15/15 I Oct 29/22 Oct 2t/21 Oct 24/25 Oct 25/25 Oct 39/39 Oct 2C/2S Oct 31/31 Oct 27/2t Ci 's»t«au (EAC) (EAC) 29-29/ at* 29-31/ 31-1/1 3-4/12 4-4/12 las fapfes >-9/12 Sm Franbscs 10-11/12 Panama la
      434 words
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      Page 14 Advertisements Column 3
      686 14 i ©EVERGREEN LINE f-AR [AST EUROPE f XPRFSS FUll CONfAINtR SERVICF ACCEPTWG CARGO FOR: HAMBURG. FELIXSTOWE. ROTTERDAM. ANTWERP, IE HAVRE ALSO ACCEPTWG CARGO FOR: UNITED MWGOOM bUU I HAMPTON. LONDON. MANCHESTER. BIRMMGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY mwmrn HOLLAND AMSTERDAM tptn lMn FthstMt MtariMi Mm* U Nrrr* EMr Apr
      686 words
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      Page 14 Advertisements Column 4
      858 14 Everett Lilies] I <3 i t. Burins Fhrc Star Shippinf Corpn. 'BURMESE NATIONAL LINE" LOAOMG FOR RANGOON .24/KOct 27/5* Oct w PAGAN 24/24 Oct 27/21 C HTANTAWYWA (DISCHARGM9 ONLY) 25/27 Oct B.F S S C Agent* m Malaysia TEPS MALAYSIA Port Ketong Tel (38) 7355 Penong Tel *****/***** Comptni* Argentina
      858 words
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      Page 14 Advertisements Column 5
      727 14 ■iAMMM mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHENTON WAY MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 31 SANKYO LINE AUSTRALIA SERVICE TUEMW 27/29 Oct 25/* Oct NKL YUE RWER~< 11/13 Nov 9/10 Nov SYD.ISL.ADa KYOTENMARU 25/30 (to* 25/21 Nov SYD. MEL BLUE
      727 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      937 15 Overseas B B B I Containers Limited Weekly service to/from UK/Europe COWTMOSHT SEBVtCE fjjjj UK/COMTItNT: M'ktig Bimii 0 tan L< Ha»<> S ton C Ketang S port Neit PtrtJ Ouki»« SM Sat* SM W 27 Oct 2»Oct HA. US fcMtfv hM SaM bM SjM $jM )Nm 7Nm WHS Ci*m> bM
      937 words
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      Page 15 Advertisements Column 2
      892 15 GRANARD LII\IE RED SEA/MEDITERRANEAN SERVICE •Mm Twvn~ u*» S p P WON NEW YORK V32W (Eii» Booked) 5 Nov Port SaidAi •IV MAN Ml 29 No* M.V. MAN CtCONG 17 Dec M.V. MAN FUNG V 35* 10 tan •CCWIK CONTUCR CARGO Fa MIT M.V. MANANV.24E. M V MAN CWONG ¥.291
      892 words
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      Page 15 Advertisements Column 3
      814 15 BEN LINE CONTAINERS EXPRESS CONTMO SERVICE TO/FROM EUROPE WMC B HAVEN ITOEMMW Spore P Ketar* Germany/(WsJna TeMt 27/19 »/>• 14/11 U/U Keaaa Hn 4/11 1/11 2VU M?Mm VU 23/11 a/11 iMtotim M/U »/ll 2/12 lto*a« (iprtn 11/U J/" Vl2 Mto 19/11 21/11 11/12 11/12 Haafewt Ecpreu 2C/U 2t/U 17/12 IJ/J?
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      Page 15 Advertisements Column 4
      879 15 Scan Dutch p1 1 1 1 >i i^— kvi in ■>:»] :i«n i»i*.n .jhi :#iWi«r .1;1 »i 1 MNGAMH.M FRANCESCA MM DM« FRANCESCA MBA ONI* FRANCESC* BUNGA DAHLIA FRANCESCA MCA MOM 14/11 21/11 a/11 5/1? 12/12 If 12 24/12 2/1 »/l lark lEASTBOUHD FROM MED/UK/NC/SCANDINAVIA I) G burg 2) H
      879 words
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      Page 15 Advertisements Column 5
      639 15 BOUSTEAD AGENCIES LOADS FOR E. ft S. AFRICA VESSEL ißeumon Durban Cto«*i Pt tin, C. London i Spore Mk> Oc P Mang LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobile, Houston, Galveston) Soifapore P. Um| Kuantan US Gulf LETITIA LYKES «bdi A toads) 25/29 Oct 30/31 Oct 11
      639 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      968 16 IV* K T "I Uli LINE KAWASAKI KISEN KAISHA. LTD. TO NORTH AMERICA feeder *ssas* pr v motor vessels n u st nt OpptrAct 12 SjM h Nrt Mi Mm 1/11 11/11 Hfcawa Mm 1/11 14/11 VmzMkUn «/ll 29/11 Bmil Trader 12 21/11 11/11 ftaHc Arm 17/11 77/11 MuUMm 14/11
      968 words
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      Page 16 Advertisements Column 2
      569 16 -J E.C./CKAT LUIS SERVICE LOAMS FAN in TO*. WOU HMTNUL. TOOOWTO. UNTAMU CAivmu/Nom nontn mist suvke im*i Ik us ma u« nmna. »nu. hi womb. ac. EXPRESS CtNHNO/CMNINTMML/ REEfER SERVICE so nam ntwsK "SO RMMPUT Um| Saippart I Aapks 10/11 Hfc. H/ljjw 14/l5 Mm II OK 29/30 Dk 31 Ok/
      569 words
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      Page 16 Advertisements Column 3
      625 16 /V. c < > 11} SINGAPORE SHIPPING AGENCIES PTE LTO —> > w >M AN Bu«l C> NO 4 N> A 4 s f S *1 24SQS U S .SS»,B 4 H 4(; sh 1 P L» A^.O'jH-P VA«* fc T Nk HIIM in ■••in Container Lines WEEKLY CONTAINER SERVICE
      625 words
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      Page 16 Advertisements Column 4
      66 16 Es* i*TTW*A ExmlesSFuutd^rr TO/FHOM I&D| Vfc», 1/1) KMW !*/l? I OMtH n/17 ■PI Ew* cjfp \m 6 *MN mo oan EX I •t,'" .x .'i L isniMttHu X *J*" jftTi xmtmt JBT m i, iHMMtMU tM/INN) t/3RH THWSkdi n J? FMM A/OQnMtNT BUNGAMYA CMMN CHOtfi fTTH. Ti FrMDS^^AI r< t;
      66 words
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      Page 16 Advertisements Column 5
      156 16 'td'UASFA (PTF) LTD. J' k -'J C '3 ?<.rq^ lo rp9 h 1 <«N '.nc, 7 f PENDENT SEMI/FULL SERVICE TO EUROPE Ml i i Aw (UK) 'Boulogne Boß^w/Antwerp,'Awn Tohr> MtartfMi/A*on/TiNwfv m ii« 1*» tmlfr 4* f ->4 II .114 U' LiJ UJA*4L4J M i1f.,,.', a J| iii|. JlijV ££l
      156 words
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      Page 17 Advertisements Column 1
      494 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT KEL PENANG PT SAB ALEXAWMA SPHNX U Oct 26 Omits MLE U TBC omits PYRAMOS U Dec 4 Omits Nov 17 Nov 22 Nov 16 Dec 8 Dec 13 Dec 27 Dec
      494 words
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      Page 17 Advertisements Column 2
      416 17 MALDIVE LINES MALDIVE TRUST LOADING FOR MADRAS AND COLOMBO LOADING FOR BASRAH MALDIVE UNITY LOADING FOR DUBAI AND ABU DHABI MALDIVE SEAFARER LOADING FOR HODEIDAH FOR BOOKMGS t ENQURES Singapore Seaward Shipping t Trading Co (S) Pte Ltd 1711 International Plaza (17th Floor) Anson Road. Singapore 0207 TO S pore
      416 words
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      Page 17 Advertisements Column 3
      446 17 COMBO LINE REGULAR TMBER/PLYWOOD BULK SERVICE P KELANG LOG. FOR: Saied Nantes/Newport 5/11 Nantes/Newport AGENTS Spore Magna Shipping <Pte) lid Tel *****11 5 *****93 4 PI Kelanj Perkapalan Timur Laul Sdn Bhd lel 38 8506 7 Kuala Itimpof *****1 2 CELTIC BULK CARRIERS 1 i" 1 lr,s>. M..1.1 1 t
      446 words
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      Page 17 Advertisements Column 4
      550 17 t-7sn GOLDEN LINE CUAN CUM SHIPPING (PTE) LTD 23. TELOR AYER STREET. SRKAPORE 1. TEL *****2 (IS LRCS) TtE KujU Lunpu *****. P Kctanc 3179(1. Penanf *****8 «"«»C Aft* OMWI UOW IDSMME M 370 STRAITS/PERSIAN GULF SERVICE: S port P. Ket»m Penanj GOLDEN an Dub* Kirant Kyacta 5/11 Hot GOLDEN
      550 words
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      Page 17 Advertisements Column 5
      495 17 1 NOTICE f DONG SI K LINK M.V. DONti MIN I VOY. II 7* I arrtvr4 U.1»7» I AT PSA (Mm S General Survey on damaged cargo discharged e* the above vessel will he held on Thurssday 25th October 1979. as from 900 a.m. to 12 00 noon No further
      495 words
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