The Business Times, 18 April 1980

Microfilm: NL10553
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C4P) N* llf/l/M FRIDAY, APRIL 18, MM SOCENTS
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  • BRIEFLY...
    • Article
      Lock icon Tin buffer stock
      72 1 Reuter GENEVA, Thurs. The United States, the world's largest user of tin, says that consumer states might share with producers the cost of financing a buffer stock of the metal to keep world market prices stable. But export controls which producers are using to restrict supplies to
      Reuter  -  72 words
    • Article
      Lock icon Oil politics
      47 1 Reuter JEDDAH, Thurs. Russia's desire for oil was behind its recent moves in the Middle East, said Saudi Arabian Oil Minister Ahmed Zaki Yamani. Soviet strategy was aimed at subduing the Gulf countries and binding them to thesoviet bloc as satellite countries, be said. Reuter.
      Reuter  -  47 words
    • Article
      Lock icon Promoting exports
      48 1 AP JAKARTA, Thurs. The Association of Southeast Asian Nations and Australia have agreed on a scheme to promote Asean exports to Australia and to encourage Australian investment in Asean. The agreement was reached at the conclusion of a two-day sth meeting of Asean-Australia Forum here. AP
      AP  -  48 words
    • Article
      Lock icon Call to end arms supply
      56 1 AFP MOSCOW,Thurs. Iran has asked Russia to suspend deliveries of weapons to Iraq, Iranian ambassador Mohammad Mokri said. He said that the Russians "have given moral support to Iran's Islamic revolution since it started," but that Iran now expects a concrete gesture of solidarity, namely
      AFP  -  56 words
    • Article
      Lock icon Iron needs imports
      59 1 AFP TEHERAN, Thurs. Iran cannot do without food ifciports, economists said here after Planning Minister Ezatollah Sahabi announced a campaign for self-sufficiency in food. The country now imparts about half the food ft needs. Purchases abroad per annum more than one million tonnes of wheat, which represent
      AFP  -  59 words
    • Article
      Lock icon Blockade
      69 1 AFP TOKYO, Thurs. Japan may consider permitting the United States navy to blockade three Japanese straits which give Soviet fleets access to the Pacific, even if it is not under any foreign attack. This was alleged today at a Lower House audit committee meeting by a Foreign Ministry official
      AFP  -  69 words
    • Article
      Lock icon Customs checks
      65 1 AFP KUALA LUMPUR, Thurs. Malaysian Airline System passengers travelling from Singapore to East Malaysia via the Senai Airport in Johore will soon be exempted from customs checks at the causeway and the Senai Airport. Transport Ministry secretary-general Haji Mohamed Noor Hassan said today the passengers would instead have
      AFP  -  65 words
    • Article
      Lock icon Dow Jones
      46 1 AP The stock market declined this morning, continuing its week-long retreat amid recession worries. The Dow Jones average of 30 industrials slipped 0.09 to 771.16 in the first hour. Losers outnumbered gainers by about a 2-to-l margin among New York Stock Exchange-listed issues. AP
      AP  -  46 words
  • Article
    Chief Price Changes
    142 1 Rises Indices O Keramat 1390 +90 Apr 16 Apr 17 4109.33 4101.33 CliUCM 830 25 B.T. Indicator: Straits Tradiag 1000 +20 Magnam Corps 000 15 Industrials: 465.33 469.40 Eaao 610 10 Finance: 836.91 836.81 PAN Nit Iron Gentings 610 585 525 10 10 10 Hotels: Properties: 413.01
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  • Article, Illustration
    KUALA LUMPUR
    164 1 Rises Indices D Keramat 1400 110 I Apr 16 Apr 17 Tronoh 1200 +50 B.T. Index: 7094.77 7146.21 Kluang +10 Industrials: 541.08 544.39 S Trading 1100 +20 Finance: 728.61 731.20 Sg Besi 1330 20 Hotels: 330.63 330.12 Spore Glass 248 19 Properties: 345.81 346.14 Kuchai 400 +12 Tins:
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  • Article
    Ruffled feathers at Air Lanka
    742 1  -  JUMPED-UP CLERKS FROM SIA By WANG LOOK KEAH SINGAPORE Airlines has run into the same trouble that plagues major multinational corporations. Its management of Air Lanka has aroused some local resentment. According to a news report, Sri l«ankans question the merits of their national carrier
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  • Article
    Armco granted an ACU licence
    219 1 ARMCO Pacific Ltd's new offshore licence will complement significantly its tkraat into the regional towing market as well as facilitate its acceptance of deposits and dealing in Asia. Speaking at the merchant bank's official opening yesterday, Mr Howard T.Cohn, group vice president of Armco Inc,
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  • Article
    Sumitomo project gets another boost
    407 1 SNMPOKrB IB mfflinn prtrprbwninU profrct wffl receive another boost this moth with the formation of two new f-nr companies. The Shell group has an Interest in one of them. However, shortages of building materials may delay the completion of the whole project. Sources said yesterday
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  • Article
    Guthrie bid likely to fail
    365 1 INDICATIONS late last night were that the board of Guthrie Corporation's plans to take over the UKbaaed City and Industrial Trust in a HOO million deal would be frustrated by Siroe Darby and certain other major Guthrie shareholders. An extraordinary meeting was held yesterday in
    365 words
  • Article
    Average prime lending rate reaches 12 pc
    180 1 TH^ AVERAGE prime Index hi eigei ap to a reewi 12 per eeat The latest hank to e» Uttrte tottertoe to toe C*rp«r»tUi (OCBC) day that tto frtw'nte wenM be ratoei by Ml pnmntogt print to ILS per ©eat. rate at If mtmS,
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  • Article
    Nugan Hand denies breaching any laws
    434 1  -  ■y QUEK PECK LIM THE Commercial Crimes Division has seized more documents belonging to the Australian-based Nugan Hand group. Senkr officers continuing their investigation into the troubled organisation's Singapore operations raided an unlisted office belonging to the firm on Wednesday. The seizure of even
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      24 1 SAFE WITH AN ITOKI SAFE ■USMESS NMCNMU SYSTEM (S)m. ITO 47 *XJ.u»n Block GCdhiH PUu Nawlon Road Soiffwora 11 Tti A2ISM C«ei« BuSNESTEMS S.^»po<.
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      Page 1 Advertisements Column 2
      49 1 >^+<>,{*,.$>/{?';]*":=>">!^/,*} BALLY aaaaa MADE IN SWITZERLAND V I "They feel lighter, look more elegant and as beautifully detailed as ever. An exceptionally attractive slip-on in 4 special colours. Black Kid White Kid Taupe/Beige Kid Brown Kid Sole Agent for S.E. Asia, Hong Kong Taiwan S.G. PARRETT SON (PTE) LTD. Singapore
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      Page 1 Advertisements Column 3
      64 1 SHIPPING TIMES MALAYSIA takes firm measures to premete heavy Industries .I 3 LESSONS eempaaftee eaa lean (ram Slagspsre Alrtlaes g SOUTH Pacific Textile pre*. UNITED Oversea* Land revalprepertfee i« THREE reuw why the price ef geld will taU 11 CPF faadi (er the equity market? 1C MEMOPAD t, AIRCRAFT I,
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      Page 1 Advertisements Column 4
      3 1 Leader ...page 8
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      Page 1 Advertisements Column 5
      162 1 J* f'j 1 1 a>j ft xt' u > Don*t leave home without it N Wayfoong MAFis outside the CBD. end it't computerisedfor ketter tfficttecy you need a hand. A helping hand when you need it most: WiyfbongMAF For most people, money isn't easy to comi by. At Wayfoong MAF,
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      484 2 BEMNABB AND COUBBEB April 19: Memorandum and Articles, Hilton Hotel, Consulasia Anil 19: Budgeting for Managers, Hilton Hotel,Consulasia April 19: Low-cost Automation and Modern Furniture Production, RELC International House, Timber Industry Board April 21-36: Management of Protects, Shangri-La Hotel, AMR International April 21-25: Evaluation and Measurement of Language
      484 words
    • Article
      SFCCI sending trade mission to Sri Lanka
      556 2  -  By HSUNG BEE HWA THIRTY manufacturers and traders will be visiting Sri Lanka from April 23 to 27 as members of a trade mission organised by the Singapore Federation of Chambers of Commerce and Industry (SFCCI). The main objective of the mission is
      556 words
    • Article, Illustration
      LEISURE BICYCLES
      233 2 A LOCAL company has been set up to produce leisure bicycles, the bulk of which will be exported. Known as Rightway Industries, the company began production this month. About 90 per cent of its output will be exported to the EEC countries, Australia and the US. South America
      233 words
    • Article
      JWT's regional office
      148 2 AN international advertising agency. J Walter Thompaon, baa expanded its Singapore office Into its regional headquarter! for South-east Asia. The Singapore office will now coordinate JWTa interests in Hongkong, Malaysia, Indonesia, Taiwan, Thailand and the Republic itself. The South-east AMan region was formerly looked after by a
      148 words
    • Article
      New industrial coating
      196 2 A DUTCH manufacturer of industrial coating materials, AKonings, is marking its entry into the Asean market with its latest product Purkon, a solvent-free polyurethane coating, production of which started in Holland two months ago. Mr Cas Meijertnk, managing director of its regional representative office, M and K
      196 words
    • Article
      KL to remove import duty on sawn timber
      196 2 THE Malaysian government has agreed to exempt awn timber from the 15 per cent import duty and 5 per cent surtax now charged on supplies entering Peninsular Malaysia. Announcing this after meeting a delegation of 20 representatives of the timber industry on
      196 words
    • Article
      FALL IN CAR REVENUES
      128 2 SALES revenues of motor firms dealing in Japanese cars in Malaysia will go down by millions as a result of the government-ordered price reductions. The affected firms were reluctant to disclose the expected drop in sales revenue because of price revisions but calculations by the Malaysian
      128 words
    • Article
      PEOPLE IN BUSINESS
      115 2 MB Lew Tss Ping, public affairs A advertising manager of the United Overseas Bank group was elected president of the Institute of Public Relations of Singapore at its recent annual general meeting at the Raffles Hotel. Other office-bearers are: vice-president Mr Albert Tien, account director, Yuen, Wong
      115 words
    • Article
      An upsurge in diamond trade
      201 2 THERE has been an upsurge in diamond trading in Singapore in recent years, judging by the latest figures on Singapore's diamond imports from Israel. In February, Singapore imparted US$4 million worth of polished gem diamonds from Israel, a five-fold increase over the previous corresponding period.
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  • Page 2 Advertisements
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      17 2 V S* v ♦< *F I i rfy > ->*?*> Mm i fs§ T». J* A LUCKY PLAZA ME HOUSE
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    • Advertisement
      Page 2 Advertisements Column 2
      356 2 amr/mm are pleased to announce The Al New 1980 Conference On MANAGING FOREIGN EXCHANGE RISK KaMay22-23,1980 Singapore This, the second annual conference in Singapore, is all new and is tailored to the issues facing corporate executives and their financial advisers in Asia. Euromoney and AMR are pleased to invip you
      356 words
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  • REGIONAL
    • Article
      Lock icon Australia to curb illegal airfare discounts
      147 3 AFP THE Australian government has launched a big campaign against illegal discounting of international airfares. Transport Minister Ralph Hunt said yesterday he is examining measures to strengthen the government's hand against illegal discounting. The measures may include the rewriting of its air navigation regulations.
      AFP  -  147 words
    • Article
      Lock icon Quiet protest about two maps
      93 3 Reuter THE Philippines has formally protested to Malaysia about two official maps showing the Malaysian continental shelf enchroacbing on Philippine territory. Philippine Deputy Foreign Minister Jose Ingles said that the protest was made "quietly last month since we wanted to keep it within diplomatic channels".
      Reuter  -  93 words
    • Article
      Lock icon Chinese ties with US not a tactic
      306 3 UPI CHINESE Vice Premier Deng Xiaoping said yesterday that. China's new relationship with the United States is "not a tactic but a long-range policy". He also said that China feels under "grave menace" from the Soviet Union, and that a third world war
      UPI  -  306 words
    • Article, Illustration
      Lock icon Prem makes first visit abroad
      307 3 Reuter PRIME Minister Prem Tinsulanonda leaves Bangkok today for talks with Malaysia and Singapore. The are expected to focus largely on the Kampuchean situatkfo. In his first visit abroad since taking office last month, the Thai premier will visit Malaysia and Singapore. He may visit
      Reuter  -  307 words
    • Article, Illustration
      Lock icon Early fall in HK bank rates unlikely
      211 3 Reuter HONGKONG Financial Secretary Sir Philip Haddon-Cave (atone) said recent growth In Hongkong's monetary aggregates is sufficiently high to make an early reduction in interest rates unlikely. Concluding the Legislative Council debate on the 1980/81 budget, he said the growth rates of money
      Reuter  -  211 words
    • Article
      Malaysian plan to develop heavy industries
      488 3 THE Malaysian government will soon establish an agency to stimulate the development of resource-based heavy industries as part of the industrial strategy for the 1960b. The proposal for such an agency Will be discussed by the Cabinet committee, possibly in the next two weeks
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    • Article
      Lock icon KL payments deficit likely to worsen
      252 3 Reuter MALAYSIA'S balance of payments deficit is expected .to deteriorate this year and next because of the expected weakening of the world economy. But the balance will not deteriorate to the extent that it will cause any real financing problems for Malaysia, said Chase
      Reuter  -  252 words
    • THE REGION IN BRIEF
      • Article
        IMMIGRANT WORKERS
        469 3 BAHRAIN'S Minister of Social Affairs has warned Arab Gulf states against the mounting number of Asian immigrant workers. He said that it endangered the equilibrium of the population, emphasising that Asian workers are trying to settle definitely in the Gulf area. NIBBAN Main, Japan's second largest ear Baker,
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      451 3 Rest and relax in Switzerland. Between Colombo and Athens. Sitting here and dining from Swiss china with Swiss cutlery as if you were in Switzerland is certainly not bad. Here, for instance, you can spread yourself and listen to a bit of yodeling to go with your glass of Swiss
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  • RAW MATERIALS
    • Article
      Lock icon Tension in iron ahead
      400 4 AFP THE WORLD iron ore market will (ace a period of general tension in the mid1980s far lack of new deposits, Jean Varoquaux, national president of the Iron Mine Employers' Association, said in Jarny, north-east France. He added that the fall in prices and the deficits
      AFP  -  400 words
    • Article
      Shipments of Straits refined tin from Penang for the mont of March 1980:
      75 4 DESTINATION This period Jan/Mar Shipped Afloat Shipped tnihim tnma« Africa -0.50 4.75 Australasia 15.00 118.00 Canada 5.00 15.00 Continent 2£XL50 279.50 7,235.50 India 16.50 Japan 1,595.00 887.00 4,794.00 West Asia 54.75 168.75 Pacific 230.00 <5.00 522.00 Singapore
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    • Article
      RICE
      336 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second dam 0.90, 100 per cent third clam 0.88, 25 per cent new crop 0 JO, B-10 per cent O.K. THAI BROKEN: A-super 0.83, Special no
      336 words
    • Article
      Duty rates
      56 4 TOE MALAYSIAN Matter of FV mm has Bad tbeac rates (or the period from April I?, until further notice: Bafcfcert WH cents a kilo; O^KjaWJihw; 11»rmtteoTduty payableare: Mtoi MV. cents a Hlo (research ceea one cent a poand; repteaUag oaeo 4Vt cents a poand). Cap rat HAM a
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    • Article
      Tin output
      52 4 PENINSULARMaIaysian tin concentrates production rat to 7,444 tonnes containing 5,00 tonnes of metal In January tram MM tonnes containing 5,134 tonnes of metal in December, the mines department reported. Output (or 1979 totalled 83,453 tonnes containing 62,996 tonnes of metal against 83,001 tonnes containing 6,400 tonnes of metal
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    • Article
      RUBBER
      298 4 THE SINGAPORE market closed slightly lower yesterday with May One RSS buyers quoted at 336J0 cents per kilo, down three cents from Wednesday's close, dealers said. Morning prices were marked down slightly on lower Japanese advices and lack of buying interest, they said. Afternoon prices fell further on stale
      298 words
    • Article
      RAS PRICES
      283 4 RAJS, pricat In cents par kilo yaatarttay: (par kflo) (par kflo) lot. 1 ilii. raft f.o.6. 2X2J0 lat. 1RA8. May SMI Int. 1 R-S-S. June 224J0 int 2 smo UK/Coat aui tat-lRSS. mm UK/Coat MUI Int. 4 RJL&. MUI UK/Coat mat Int. 5 RJ-S. MUO UK/cm mm 225.00N
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    • Article
      SSR and SMR
      101 4 NOON as tadSMRpnoi j'Hiifajrah May (Can—t loinl t) moo D 292-00 «w Mtk) (Jarwjunfl fctjan M arum moo Jut Mtk) S8R20 S8R50 MKKLB (1-taa paO* (I-taa paik< •Ban 2T7 00N SUMN tan mooN mooN 8MKCV 8MR L 8MR6 SMHGP not 10 SMR SO SMR AO (1-taa paSal
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      Straits Tin
      68 4 THE Straits tia price la Pwag yesterday firmed sasAer Ms 23 per pleal to UM•> $201 aJtove ike lateraattoaal Tta Agreeaaeat eefltag, The firmer market fallowed strMfii sterling against riaggtt, firmer wetieas ever* alght eeadttlsas mad fsflsw thrsagh ha/lag lateral frsm US, Japaaese, Faunas aad leeal eeatrea. Tstal
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      CLOSING PRICES
      39 4 Rubber April 17 Singapore: 326.60 cents (down 3.00 cents) Malaysia: May: 329.50 cents (down 100 coats) Tin: M52 y 346 (ap $33) (equivalent to $38.79 per kilo) (ap 38 cents) Official offering: 193 tonnes (down 3/4 toaae)
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    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted ai follows in Hongkong yesterday: (In HK dollar-*, spot ex-go-down) CetMi yarn: Chins Blue Phoenix 30s US; 33* 2,730, 40* 2,900 (per bale of 400 lbs). Pises gaed*: China Butterfly and Globe brand nnq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • Article
      PALM OIL
      162 4 THE MARKET in Kuala Lumpur yesterday continued weak on buying at lower prices by India and Pakistan, with operators cautious, dealers said. The Indian State Trading Corporation bought 5,000 tonnes each of May and June shipment refined bleached deodorised olein at US$6lO cif, and Pakistan 5,000 tonnes of
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    • Article
      Produce exchange
      147 4 CIINEBR Predaee Exchange, flhgapn, seen tettfay: Cm use! Bulk $97 sellers, old drum $103 sellers, ww drum HOT sellers. Gspra: Mixed (loose) UK/ Cont $56.00 buyers. Psapsr: Mmit# ASTA white fob 100% NLW 6315.00 sellers, Sarawak white fob 96% NLW 6300.00 sellers. Sarawak special black fob 96% NLW
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    • Article
      SOYBEAN
      165 4 CHICAGO Board of Trade soybean futures closed US 8 to 4V4 cents a bushel higher on Wednesday, around the middle of a nine-cent range. Expectations of light soybean plantings in the intentions report due yesterday supported nearby*, traders said. A steady European soybean market was of influence. Local speculating
      165 words
    • Article
      WHEAT
      184 4 CHICAGO Board of Trade wheat futures closed op US 54 to 7 cents a bushel en Wednesday, at or near the high end of an BVt-cent range. Continued Mid-East tension along with the prime rate cut kept pricss firm all day, traders said. Chart buying supported initial values, with
      184 words
    • Article
      LONDON MARKETS
      892 4 COFFEE: Robusta futures ended the morning unchanged to £5 lower in a volume of 796 lots including one lot crossed in a block in July. The market opened slightly lower on firmer sterling but then held within a very narrow trading range in the absence of fundamental news,
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  • ASIAN STOCKS
    • Article
      Lock icon Shipping rise
      666 4 TOKYO Source: DBS-Daiwa THE MARKET started out weaker yesterday, reflecting the drop on Wall Street. Near the close of the morning session, resources-relat-ed issues were bought although this trend did not continue to the close of the market. Shipping stocks gained ground. Some machine-tool and automobiles issues advanced
      Source: DBS-Daiwa  -  666 words
    • Article
      Lock icon Hongkong
      324 4 Source: SHK Sec FOLLOWING the slight decrease in US prime rate, the market moved sharply higher yesterday in complete contrast to Wall Street on moderate trading volume. Property shares led the way again with Tai Cheung and New World prominent. Rumours of an imminent announcement from Wheelock caused a
      Source: SHK Sec  -  324 words
    • Article
      Sydney
      249 4 OIL stocks continued to firm yesterday in an otherwise mixed market, dealers said. INDU8TR A. C. I. n IALS 201 A N I 240 unch A P M 156 2 Aitipol Pet 95 unch B H P Bank NSW 290 7 Boral 222 •3 Brambles 185 -1 C B
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      Bangkok
      209 4 APR 17 Bahts Asia Credit Asia Fibre Ayuthaya Inv And Trust Bangkok Invrslmpnl Bangkok Bank Bangkok Drying And Silo Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia Bank Of Ayudhaya Ltd RnLM Berli Jucker Carpet InterNational Charoong Thai Wire Crown Seal Dusit Thani First Trust G. S
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      Manila
      101 4 APR 17 Peso* Acoje Mining ooa unch Alias Con. A Atlas Con. B. 33.00 unch Bagulo Gold 0066 ♦0.0082 Benguet Con. B BK Goodrich 10.00 15J0 unch unch CDCP 130 -0J Inco B. .006 unch Londoll 0125 4-OuMS L* panto B 20 -0 0025 Marlnduque B 14.00 -0-3 Meralco
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    • Article
      Selected indices
      49 4 FINANCIAL TIMES INDUSTRIALS Wednesday 443.1 Tuesday 437* Week Ago 431.3 DOW JONE8 AVERAGE INDUSTRIALS Wednesday 771JS Tuesday 783J8 Week Ago 785.82 H.K.HANG 8ENG Thursday 814.71 Wednesday 79&27 Week Ago 788.04 SYDNEY INDUSTRIALS Thursday 801.18 Wednesday 600.36 Week Ago 606.90 ALL ORDINARIE8 Wednesday- 779J 8 Week Ago- 798.'
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    • Article
      Inchcape
      43 4 INCHCAPE Enterprises Ltd has declared a final dividend or HK JO cents (12 cents previously), a total of 40 cents (17) for the year ended 1579. Books close June 2 to 18. Net profit for year came to HKH4.4 million ()ICI million).
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      164 4 Mi* Tuctunen does suparbly is to tall you how K was... No on* has aver dona this hotter— Ntw York Review of Books 'It wiN danrw hi —urad mtoetm for its author's unblinking aya for drama and The calamitous fourteenth century 1 the century of the Black Death which 1
      164 words
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  • OVERSEAS
    • Article
      Lock icon More evidence of recession than anything else
      757 5 UPI A DROP in the prime rate sparked a brief buying rally on US stock and bond markets on Wednesday but analysts noted it was more evidence of the recession than anything else. The quarter-point drop in the prime to 19% per cent
      UPI  -  757 words
    • Article
      Iranians offer major oil-price concessions
      482 5 IRANIAN authorities, fearful that Japan may actively support President Garter's new sanrtiona, have offered major roncewions on their proposal to raise oil prices, trade sources said on Thursday. British Petroleum and 12 Japanese trading and oil companies started negotitions In Teheran this week on the
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    • Article
      Lock icon Recycling of oil dollars again on the agenda
      349 5 AFP SIX YEARS after a quadrupling of oil prices decreed by Opec, the problem of recycling petrodollars is again"on the agenda and it is thornier than ever. Knowledgeable observers report that approaches to this problem, and possibly its solution, will be a
      AFP  -  349 words
    • Article
      Lock icon New Brazil tax could raise US$1b revenue
      152 5 AP BRAZIL, for years a haven for capitalists, has imposed what amounts to a capital gains tax that could raise the equivalent of about US$l billion in revenue for the nation's inflation-ridden coffers. The government of President Joao Figueiredo referred to the 10
      AP  -  152 words
    • Article
      Lock icon Four Arab countries form insurance company
      182 5 Reuter POUR ARAB cmiMcs will farm a US$3 MIH— Insnruee empuy this week to compete tor Mmh with Weston anderwritors. Syndicate, to be hased la Bahrain, will be fended by Kawait, Libya, the United Arab Emirates bad Qatar, Kawait Plasam Ministry Kawait Flnaaee Minister
      Reuter  -  182 words
    • Article
      Lock icon UK may have to abandon its economic strategy
      411 5 Reuter THE abandonment by the UK government of its economic strategy, as outlined in last month's budget, seems inevitable as output falls and the public sector's financial position becomes uncontrollable, the Cambridge Economic Policy Group said. The group, from Cambridge University's Department
      Reuter  -  411 words
    • WORLD IN BRIEF
      • Article
        Lock icon EGYPT UNDER SUSPENSION
        346 5 Agencies EGYPT has been suspended from membership of the Arab Authority for Investment and Agricultural Development, United Arab Emirates Finance Minister Hamdan bin Rashid Al-Mak-toum said. The minister, chairman of the authority's assembly of shareholders, announced the decision passed by general concensus of the assembly which met
        Agencies  -  346 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      848 5 ARRIVALS Service Local Operator Number Time From PAA PA005 0025 NYC/SFO/HKG TMA TL341 0715 BEY/DXB/BOM MAS MH682 0710 KCH SIA SQ528 0750 DHA SIA SQ101 0815 KUL. MAS MH621 0835 PEN MAS MH607 0M0 KUL RBA BI427 0930 BWN MAS MH671 0930 PEN/KUL SIA SQ211 1000 HLP
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      32 5 •J if dmma*°tJ r '<"* %**W& ¥oog. iS* J. *>'« j&F 4* K sz* IP VQ- 1? r*-T-/ >*£~ j >-• A >tl 1 'W 3T JT ar ig> y AO DO 821 ADDO 731 ADDO
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        264 6 APR 16 Fr» CORBEILLE Air-Uquide 510 11 BSD Gervau Danone too 10 C S F (ThomsonCat) 4M •1 Cte Francaue dcs Petroles Ml JO -0.4 Compagnle Financlere Compacnic Oenerale 337 vrnch Credit Foncier De France 4S2 5 Hachette (Llbrairte). 254 ♦T Machine* Bull 57.00 -1.4 Michehn (B) 703 -4
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        Brussels
        96 6 APR 1« Fr» forward market A ere Arbed Astur Brusca n Bru-Lamb Canpac Cock De Beers Etm Electrobel Gb-lnno-Bm Gev Hobo* Pelro Ryl Dutch Stdro Soc Oen Be lg Sofina Solvay A Tanks U Mtn V Mont 280 2210 SOO 006 1420 1020 301 270 2100 5510 2370 M0
        96 words
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        Frankfurt
        208 6 APR 16 Dm Act-Telcfunkrn 7SJ0 •02 Afcio aoio Alii Uben MO 00 JO AIU Vers BASK Bay H T Wbank 307 00 ***** 218 006 282 SOB 4 0.3 J Bjyrr BBC" BMW Cuwlli Chem Verw Commerzbank ***** ***** 158-00 388 00 157.40 1 04 Con 11 Gummi Dtimier-Btiu
        208 words
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        Amsterdam
        185 6 APR 16 KU ABN 296 50 0.5 Ahold S3 00 -1.2 Akzo 23.10 0.4 AMEV 97 50 4 2 Am fas 103.00 0J A inn Bank 62.00 -03 Berfos* 43.00B Berk 90.50 Boii 41.50 unch Borsumij ***** 43 Burhmann 63.40 06 B yenkort 63.00 1 Calv« Deirt 155.00B Deli
        185 words
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        Zurich
        143 6 APR 10 Francs Anions Suisse* n* unch Alusutsae Br 1180 -10 Alusuisse Ret- m •4 Brown Bowl Br 1610 unch Cltw Ge Ify Br 1025 J Citw Geigy P C 780 -S Cltw Oeigy Rm Mi -2 Credit Suisse Br 3073 •10 Credit Suisse Ret 387 -4 EleklrowaU Br
        143 words
      • Article
        Milan
        86 6 Anir Assoc Gen BiiUOfi Central* Ml Kinudrr Gen Immob unch M000 450 M0 mi 130 IMS 12 tt unch in Pii Ilaicemenli 2386 -14 ***** 305 BQt) +7 Ilalstder 307 »U*neU M Pf MO Marelli Err jj. Medlob 45OOO ia» Miralania J3S IJ J™ Mondadorl 4110 »-i0 Monledsn l«2.75
        86 words
      • Article
        TORONTO
        198 6 APR CJ AblUbl Alcan Algoma Bank Moni 1» 14'. 23 unch -IN Bank Nova SroUa Bell Tel Beth Corp BP Can Ltd Braacan Camp Red Lake Can Imp Bk Canpar Canpar In* PI Carlinf O Keefe Cominco Corw Balh Coiu Marbenor Dankoe 11! 11 1 11 1! i 1!
        198 words
      • Article
        JOHANNESBURG
        310 6 APR 16 Rand INDUSTRIALS A Alpha 307 unch Aberrom 275 •5 AE And CI 006 -5 AMIC Barlows 930 -10 Cf Sugar 1100B CNA 466 unch Cum* Finance 180 9 Or Bnrs Ind 2500 Edcon 500 Edgars (BOOB unch Eveready Fed Vol It ZZZ. 306 unch Fugll 185 unch
        310 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      166 6 Where to wine, dine and en 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 macks from 3.00pm spm You've got to try it to believe! You've got to try it to beiii Fabulous harbour view Sentota
      166 words
    • Advertisement
      Page 6 Advertisements Column 2
      150 6 M 0 lub t For drinking- For dancing, lor delightful evenings. /V/z/.v/c hi' fawchtt. In ft rtititit >}hil <>! l.ofldnn III! A V H <<i>l. 11 I 'nrli Slktiiloii Sji >< if. m hn *5 t\ r 4 HUGOS BUSINESS MU I i iKinu tu f I I l_ \J
      150 words
    • Advertisement
      Page 6 Advertisements Column 3
      136 6 See Page 4 for Asian stocks and Page 7 for NYSE prices 4' ii' v* A wa J I c# > >x y: >x Hainanese Steamboat Take the tastiest morsels erf squid, beef, chicken, prawn, pork, vegetables Steam them to perfection you're the Chef Dip them into your favourite spicy
      136 words
    • Advertisement
      Page 6 Advertisements Column 4
      170 6 Salay, Sunday, Monday..xvery day People reckon we have the best Satay this side of the club Another specialty is the selection of typically Cantonese favourites And of course, our very own Flavours of S.ngapore The comfort and serenity of Hin's And Hilton style Hin's Top of the Hilton. Lunch and
      170 words
    • Advertisement
      Page 6 Advertisements Column 5
      228 6 WfaM, Mm A Relax ti Cwy Atwephere a Stettk Hmm Ba The Barn Steak House it elegant in decor and cosy in atmosphere. We serve Juicy steak specially air-flown or frozen, chicken fillet countsstyle, specially arranged pork chop, set lunches, hot snacks, etc. Relax in our executive lounge with your
      228 words
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  • BANKING AND FINANCE
    • Article
      GOLD
      260 7 GOLD futures in Singapore yesterday closed narrowly mixed after fluctuating marginally throughout in generally thin trading, dealers said. Total sales for the day amounted to 96 lots and kerb volume at 11 lots with interest centred on June and August contracts, they said. June closed higher at U*****.50/527.70 an
      260 words
    • Article
      London
      411 7 (THE FALL in the dollar «overnight was halted yester- day morning with a slight J-firming of Eurodollar deposit rates hist after their easi%er opening and by central *bank intervention, dealers {said. Wednesday's prime rate Jcut by Chase Manhattan ?and the decision by the US hto extend its trade embargo
      411 words
    • Article
      HONGKONG
      122 7 THE U.S. dollar finned against most major currencies yesterday from early levels on late exchanges here, showing a technical reaction to Wednesday's losses prompted by a lowering of US primes, dealers said. Dealers said trading was active with the dollar's firmness perhaps exaggerated by a thin market. They added
      122 words
    • Article
      PLR
      22 7 THE average rate ai which major Singapore banks are currently prepared to lend to their best customers is 12 per cent.
      22 words
    • Article
      ASIAN $
      143 7 ASIAN ASIAN currency deposit interbank rates as at close on April 17: US DolUrtU3jo<) 7 days 17 13/16 17 13/16 1 month 17 15/1617 1V16 2 months 17 13/16 17 11/16 3 months 17H 17W 6 months 16H 16'i 0 months 13V, 15M 12 months 157/16 153/16 8«M DM. OIUJL
      143 words
    • Article
      Discount
      8 7 1 m iPiwWT'TwiW Source: National Discount Co
      8 words
    • Article
      Singapore market
      476 7 ALTHOUGH a drastic cut in (95 interest rates brought the US unit dowh in morning trading, it recovered some of the lost ground when London opened and closed considerably firmer against most major currencies. From an opening of 1.8430/70 against the mark, the US dollar firmed when the
      476 words
    • Article
      Tokyo
      196 7 THE U.S. dollar for overnight delivery closed sharply weaker yesterday at 247.80 yen, compared with a 248.50 opening and 252.35 at Wednesday's close, dealers said. Trading was active and heavy with volume of USH.O3 billion. After an early dollar slump, the dollar fluctuated between 247.50 nd 248.10 yen in
      196 words
    • Article
      Selling resumed
      1272 7 NEW YORK INCREASING concern about the severity of a recession undercut an early market rally and New York stocks on Wednesday ended sharply lower in heavy trading. The Dow Jones industrial average lost 12 points and declines led advances nine to eight as turnover swelled to 40 million
      1,272 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      65 7 SS#*** on the Terrace Ik. the ft vicinity of Orchard Road Hotels •Prompt Luncheons •Gourmet Dinners •Functions •Home Catering •Buffet Party from $10.00 per person onwards Daily: 11.30 am to 2.30 pm 6.30 pm to 11.00 pm Happy Hours: 2.30 pm to 6.30 pm Drinks Snacks THE PENTHOUSE RESTAURANT Top
      65 words
    • Advertisement
      Page 7 Advertisements Column 2
      116 7 Announcing a major addition to Harris BanKs international financial capabilities: Our new Singapore Branch. 2505 OCBC Centre Singapore 0104 Telephone: 915-722 (General) *****32/3 (Foreign Exchange) Telex: RS ***** (Administration) RS ***** (Foreign Exchange) Cable: HARRISBANK, SINGAPORE J. Donald Higgins, Vice President/General Manager Richard J. Moreland, Vice President/Manager Money Market STS
      116 words
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  • Article
    The expatriate syndrome
    417 8 IT IS ironic after hearing how expatriate managers' views of their Singaporean colleagues differ markedly from the Singaporean's selfperceptions that we should hear again in the same week how Singapore Airlines' involvement in Air Lanka is causing a few murmurs of discontent among Sri Lankans. It is,
    417 words
  • Article
    Setting our sights higher
    237 8 THE main complaint that bankers have of the Asian dollar market is the lack of customers, not competition. It may seem strange therefore that the answer of the Monetary Authority of Singapore to this complaint is a more liberal approach to the issue of ACU licences.
    237 words
  • Article, Illustration
    Lock icon DISCONTENT IN THE AIR
    1054 8  -  Air Lanka management by SIA A story of improvement and of international happy families seems the likely impression of SIA-Air Lanka ties. The l Sri Lankans can learn k a lot under SlA's wing. But underlining this H rosy scenerio V is an air of discontent
    Depthnews  -  1,054 words
  • Article
    Lock icon Purchase of government the costliest in US
    845 8  -  FORUHi with RUSSELL BAKER NYT THE MOST expensive purchase the average American makes in a lifetime is government. People used to say it was a house, but that has been a long time ago. Nowadays the average person doesn't even, buy a house.
    NYT  -  845 words
  • Article
    STRAWS IN THE WIND
    182 8 FEW would believe how far jockey Chris Gwilliam takes his love for horses. The ace Australian pilot, now riding the local circuit, recently became the father of another son his second. Nothing strange in this but both boys have been named so that they will grow-up
    182 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      166 8 I r kl?" jU4 THE SECOND RING OF POWER Carlos Castaneda's journey into the world of sorcery has captivated millions. In this new hook, he introduces dona Soledad, whose mission is to test Castaneda Py a series of terrifying tricks. Thus, Castaneda is initiated into experiences so intense, so profoundly
      166 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      54 8 I)iGkfiDS BRISTOL *oR s SR<e f* tfeueß TMPST pmcmc fcwM'' C.«MG' NOT N/eT I To see MO to LONG "Mey-Re TQ HPNG ON lyUl R.« g-iMQ' eUT IT'S BGjEN FOR miMuTes L Rl«£PO/ t VCNOU) U>mrtg.\£:R IT IS IT e>e €.%Tcemej_N/ O^gcnt if TUeyeL "So LOR IT rfMPcr LONG r-sd
      54 words
    • Miscellaneous
      Page 8 Miscellaneous Column 2
      873 8 Movie sounds promising NOTHING very exrfttag to The TV Merle atlilea tow grlnem Hi mmmtm ire w yee to the totovWee Chanel S jfimtons Miy eaty to Oeeever thathe* e eel teelght, ee ge eel Ml store (mall screea store, IMea spy. (Whet well Hhe bey yeersetf a pel heek
      873 words
    • Miscellaneous
      Page 8 Miscellaneous Column 3
      371 8 24 Steering apparatus, largely of wood (4) 25 Struck one as being a familiar couple (6) 26 Music with charm? (5) 27 During a day out, he's a bit of a ninny (5) 28 Piece of material at the door (3) 30 Fishy voice? (4) EASY PUZZLE ACROSS 1 Steel
      371 words
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  • Article
    Lock icon M'SIA TOPS ASEAN FOOD PRODUCTION
    485 9  -  By LONGRIT BOONMARK Depthnews MALAYSIA was the only Asean member which came up with a creditable increase in food production last year. According to estimates of the United Nations Economic and Social Commission for Asia and the Pacific (Escap), Malaysia turned a 1.5 per cent
    Depthnews  -  485 words
  • Article
    Lock icon Exclusivity of royal stamp
    546 9  -  By ROBERT HERBHEY JR NYT WHEN British companies find their products being used in the best homes in the land, they do not dash off to Good Housekeeping for any magazine's seal of approval. They think big and ask the Queen herself for an endorsement. More
    NYT  -  546 words
  • Article
    Letter to MCL chairman
    366 9  -  TINY SHAREHOLDER Dear Sir, May I welcome you to the family of Malayan Credit (MCL) shareholders, now that you have secured 17.33 per cent of the voting rights in the company. May I also congratulate you and your relatives on being appointed as chairman and directors
    366 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      1219 9 lIH TUT CHUIMC KHIAW BANK LTD II I I (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirtieth Annual General Meeting of the Shareholders will be held at the Conference Room of United Overseas Bank Limited, 4th Floor UOB Building, No.
      1,219 words
    • Advertisement
      Page 9 Advertisements Column 2
      1531 9 nil TTTr UNITED OVERSEAS BANK LTD* Ills (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Eighth Annual General Meeting of the Shareholders will be held at the Board Room of the Company, 28th Floor (JOB Building, No. 1 Bonham Street, Raffles
      1,531 words
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  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      2037 10 PROSPECTUS DATED 17th April 1980 :x: m m m Pi! 5k UNITED OVERSEAS LAND LIMITED [INCORPOR ATED IN THE REPUBLIC OF SINGAPORE! ISSUE AT PAR OF $90,000,000 9 PER CENT. UNSECURED LOAN STOCK 1980/87 with REGISTERED SUBSCRIPTION WARRANTS TO SUBSCRIBE FOR ORDINARY SHARES IN THE COMPANY The issue price of
      2,037 words
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      4003 11 UNITED OVERSEAS LAND LIMITED (Incorporated in the Republic of Singapore) CURRENT ACTIVITIES GROUP'S TURNOVER The following is a breakdown of the Group's turnover for the year ended 31st December 1979:- j.qoo Sale of Residential properties Sale of Commercial properties Rental from Commercial properties Rental from Residential properties Revenue from Hotel
      4,003 words
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  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      4118 12 till UNITED OVERSEAS LAND LIMITED (Incorporated in the Republic of Singapore) (in) the whole of the Group's immovable property outside Singapore (or the whole thereof other than current assets); or (iv) the whole of the Group s commercial property in Singapore (or the whole thereof other than current assets); or
      4,118 words
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  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      2532 13 UNITED OVERSEAS LAND LIMITED (Incorporated in the Republic of Singapore) Consolidated Profit and Loss Accounts of the Group Year ended 31st December NOTE 1975 1976 1977 1978 1979 rooo, Profit before taxation 2 2,427 4,046 2,723 8,497 9,528 Taxation 3 820) 850) (1,756) (3,464) (6,007) Profit after taxation 1,607 3,196
      2,532 words
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  • COMPANY NEWS
    • Article
      S. Pacific Textile expects good earnings this year
      889 14  -  By LOW LEE CHOO SOUTH Pacific Textile Industries (SPTI) is looking confidently to another satisfactory year, after an eventful one which saw the group benefiting tremendously from its earlier consolidation and restructuring exercise. The export-oriented, vertically-integrated textile spinner, knitter and garment manufacturer
      889 words
    • Article
      COMPANY BRIEFS
      238 14 REPLYING to queries from the KLSE. Bam (M) said it is not in a position at present to make an announcement on the outlook for earnings and dividends for the financial year ending Dec 31.1980. The company also said it is not in a position as yet to
      238 words
    • Article
      DIVIDENDS ANNOUNCED
      685 14 Carreat Payaaat Ex Data Booka Cloae Date Total for Total for Payakle tke year Previoua year Huae PE F Merlin DBS Goodwood Park K Male Ming Court Keck 8w| Paa Malayan A Eat Talaai Miaea Rah Hyd AokaaTia Mai Tia BATS Bedford Plaat St Staaa C Sacara UOL
      685 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      1839 14 HOCK im SIEW will be back tomorrow. UNITED OVERSEAS LAND LIMITED (Incorporated in the Republic of Singapore) DIRECTORS' REPORT IN COMPLIANCE WITH CLAUSE 23 OF THE FIFTH SCHEDULE OF THE COMPANIES ACT, CAR 185 OF THE REPUBLIC OF SINGAPORE UNITED OVERSEAS LAND LIMITED Company's Country of Interest Incorporation therein Nature
      1,839 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1152 15 BID and offer prices officially lilted and hnrinf in and re It ported to the Stock Exchange of Singapore, yesterday with the number of shares traded t shown in brackets in lots of < 1,000 units, unless otherwise specified. SECTION ONE i
    1,152 words
  • Article
    Unit trusts
    138 15 ONGAFOUUNVTnUR INCOME M MID UNIT The Commerce*** 111 "VJT"L« ((M Income Bond frteae) LIS Lfl The Saviaga Fund 1M 1 JTxd S'pore Pr«f Fund 1.07 Ll» S par* Sac. Fund 1J7 LM MiU Mil llfllti S'pore Imm Fund LM 1J2 (HMIRr friaaa fer Apr M) S pore Equity
    138 words
  • Article
    SHARE INFORMATION SERVICE
    2617 15 1980 Hi«k bow Cerapaay Last 8ale +orGr*s Dhr DW Crr Grt TTd Net P/E Vel fOOO) Day High Low X b 8ECT10N ONE V > 1 INDUSTRIAL COMMERCIAL no m 149 189 at •0 280 488 220 340 246 220 116 140 270 80 275 328 187
    2,617 words
  • Article
    In Kuala Lumpur
    1427 15 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number ot shares traded shown in brackets in lots o1 1,000 units, unless otherwise specified. INDUSTRIALS 4«*t (2.1Q8) I»—81 (1(68 MBS) call Been (2.U8 2.125) Aim RaM
    1,427 words
  • LATEST RESULTS
    • Article
      GENTING Bhd
      134 15 has report- Ed a group pre-tax profit ot 150.38 million for the financial year ended Dec 31, 1979, compared with $44.28 million previously. Operating revenue rose 29 per cent to $100.81 million ($78.20 million). Aftertax profit was $24.41 million, compared with $21.94 million previously. After an extraordinary profit
      134 words
    • Article
      South East Asia Develompent Corporation Bhd
      85 15 has reported a pre-tax profit of $7.02 million for the financial year ended Jan 31, 1980, compared with 16.07 million previously, on turnover of $2.49 billion, up from $1.97 billion. The company's directors are recommending a final ordinary dividend of 15 per cent less
      85 words
    • Article
      Shangri-La Hotel
      39 15 has an- nounced a second interim dividend of 10 cents per share less tax for the financial year ended Dec 31, 1979. Shareholders registered in the books as at May 9 will be paid on May 17.
      39 words
    • Article
      Malaysia Textile Industries (MTI)
      43 15 confirmed with the KLSE that an EOGM will be held for its shareholders to approve the purchase of shares in Public Textile. MTI said the terms and conditions of the financing for the purchase have not been finalised yet.
      43 words
  • Article, Illustration
    Another day of sluggish trading
    603 15 IN IBE inUil af Ugh latorest rates aai rise la flatiparrt rttc af laflattea, the Iml stock market yesterday MM threagh mttor fay mt ategglsh activity. With bath factor* actteg negatively M the market, velune was agate al a tow ebb m laveaten wibiii eaatteas.
    603 words
  • Article
    Steadier trend in K. Lumpur
    577 15 A SLIGHTLY steadier trend ruled on the Kuala Lumpur stock market yesterday, but traders were still cautious and hesitant. There was a general disinclination to deal as suggested by the low turnover of 1.93 million units worth $6.07 million, compared with the previous day's turnover
    577 words
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  • Article
    UOL revalues properties
    420 16  -  By CATHERINE ONG THE latest value of property developer United Overseas Land (UOL)'s residential and commercial properties Is about $120 million higher than the net book value at end-1979. The market value of investment properties comprising Faber House, Malayan Credit House and Merlin complex (including the hotel
    420 words
  • Article
    UNIONS BREAKING RANK
    302 16 SEVERAL large trade unions in Malaysia have announced their decision not to take part In the picketing called by the Malaysian Trade Union Congress on Monday, while a number of others are still undecided. Among those which will not join in the picket are the 1,700-strong Fung
    302 words
  • Article
    LONDON STOCKS
    779 16 London, nmrs. The iparket closed quietly aaixed, dealers said. At 3 pm, the Financial Times index was up 0.3 at 413.4. Government bonds ended dp to 3/8 point down awaiting the details of allotment of the new 13 Vi per cent Treasury 2004/08 'Tap' stock which was oversubscribed.
    779 words
  • Article
    Why price of gold is more likely to fall than rise
    157 16 THE price of gold is more likely to fall towards US$4OO an ounce than climb to $600. Credit Suisse bullion manager Rudolf Schriber said in Zurich that gold is susceptible to a decline because of high interest rates and
    157 words
  • Article
    Clarifying dividend policy of USF
    152 16 OUB-Montagu Investment Management Ltd wishes to clarify yesterday's Business Times statement on their new unit trust bettering the 8 per cent average yield available on local stocks. It says that in terms of dividend policy, it hopes to be in a position to pay an
    152 words
  • Article
    Pan-El informs SES of latest takeover move
    198 16 PAN-ELECTRIC has, in another expansion move, acquired Oscelmarine Pte Ltd. The company notified the Singapore stock exchange yesterday that it has bought at par the whole issued capital comprising two shares of $1 each in Oscelmarine. The company also said that its investment
    198 words
  • Article
    Lock icon Pertamina adopts premium system
    416 16 AP Reuter INDONESIA'S state-run oil company Pertamina said yesterday that Indonesia is not selling crude oil on spot markets but has adopted the system of premiums over official prices. Indonesia has imposed premiums on part of its oil exports to Japan, especially since the crisis in
    AP; Reuter  -  416 words
  • Article
    Exxon overtakes GM
    211 16 GENERAL Motors no long- er beads the list of the 500 largest US companies. Fortune magazine said the car maker has been edged out of first place by oil company Exxon, according to a list compiled by the monthly business magazine. Fortune said the change might be
    211 words
  • Article
    CPF may release funds for equity investment
    293 16 THE Government is likely to release some funds from the Central Provident Fund for investment in the equity market and certain public sector related projects, says Mr TJk) Kay Loen, chairman of the Association of Banks. Mr Tjio, who is also a general
    293 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      256 16 Wfe have a history of making money grow jgjL Lombard North Central is part of one of the world's largest banking groups arxf we have a history whkdT®l7 5 fi f-j covers more than 100 years. |J B Weofferarangeofdeposit JJjßfjl schemes which will produce maximum interest whilst giving flexibility of
      256 words
    • Advertisement
      Page 16 Advertisements Column 2
      415 16 can do this ft 1 At a glance: The number of letters, special instructions, automatic cue. And more. Integral indexing strip End-of-letter marks Priority message marks I© .[dictation systems present a very significant advance: The Philips Visual Mark and Find Dictation System. Only Philips has the Visual Mark and Find
      415 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      59 16 Outlook for Singapore from a.m. to 1 p.m. today: Showers, in several places. BeMrt far 24 tews prier to 7J9 pjs. Apr 17 at tie alrpert. Maximum temperature 3D.9 Associated humidity 71 Minimum temperature 23.6 Associated humidity 97 Hours of sunshine 3.20 Rainfall in millimetres 1.1 Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Insurance syndicate
        120 17 Reuter THE proposed creation of a US$3 billion insurance company by four Arab countries announced on Wednesday, was probably prompted by Lloyds of London's decision last year to impose a war risk premium on ships entering the Gulf, a spokesman for Lloyds said. The decision, later reversed, angered
        Reuter  -  120 words
      • Article
        Lock icon Liberia assures
        53 17 Reuter THE present Liberian government said it wishes to assure all shipowners, bankers, investors, financial and shipping institutions that it supports existing Liberian maritime and corporate programmes. The message, from Liberian Finance Minister Major Perry Zulu, was announced in New York by senior deputy commissioner of Maritime Affairs,
        Reuter  -  53 words
      • Article
        Lock icon Target rescues refugees
        76 17 UPI THE Norwegian freighter Target on Wednesday tricked up 68 Vietnamese refugees from a small boat in the South China Sea, and the Foreign Ministry said the refugees were welcome to settle in Norway. The lirget, owned by the Leif Hoegh Co in Oslo, was on its
        UPI  -  76 words
    • Article, Illustration
      From the Danube to the Mekong
      663 17  -  LASH SERVICE EXTENDED By GOH ENG KEE AN EAST European shipping group is extending its year-old LASH lighter aboard ship service between the Danube River and the Indian subcontinent to Singapore and the Mekong Delta in Vietnam. The International Shipping Company, or Interlighter, will
      663 words
    • Article
      INDEX TO ADVERTISERS
      625 17 8MpflBg Ume Fafi CM Adriatic Alea AUtrans Alpac Angkutan ANL APL Arab Line Argentine ASCL Asia Merchant Bank Line BBS Ben Line Ben Ocean Ben Asia Benbulk Blue Funnel Blue Star Burmese CAVN-FMG Central Ceylon Shpg China Nav China Ocean CMCR Cnan Colombo Cont Combo I-in* Cont
      625 words
    • Article
      Lock icon No more aid for Rotterdam shipbuilding
      478 18 Reuter DUTCH Economics Minister Gijs Van Aardenne has confirmed in a letter to Parliament that the Cabinet is not prepared to make more aid available to keep large civil ship building and offshore construction activities in Rotterdam alive. The decision involves Rotterdamse Offshore En
      Reuter  -  478 words
    • Article
      Lock icon Conferences adjust currency factor
      202 18 Reuter SHIPPING conferences covering trade between Europe and India, Pakistan and Bangladesh said they will raise the currency adjustment factor (CAF) for Continent westbound to 32 per cent from 28 per cent, and for Continent east bound to 37.5 per cent from 34 per cent, effective
      Reuter  -  202 words
    • Article
      Lock icon Sharp rise in orders for Japanese ships
      200 18 Reuter FOREIGN orders received by Japaaeoe shipyards la the fiaaadal year eaded moath totalled 394 ships aamaattag to 7.94 mllllee gram toaa. This waa ap sharply tram 1M veasels totalling 2.24 milBaa teas la flaeal 19J9, the Expertera AsIke fiscal 1179 total earn-
      Reuter  -  200 words
    • Article
      Container Schedules
      983 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/Agent and Is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      983 words
    • Article
      LONDON FREIGHTS
      1499 18 SHARP rate increases (or grain from the US to Europe featured on Wednesday, with cargoes being covered from the US Gulf to the Netherlands at US$2l to $21.50 (flo) for April loading compared with $18 to $19 previously. Business was also concluded from the US North Pacific to
      1,499 words
    • Article, Illustration
      Commodity freight committees to come under MNSC
      450 19  -  By G DURAIRAJ THE RECENTLY reconstituted Malaysian National Shippers' Council has taken its first step to strengthen its role and to ensure an effective representation of shippers and exporters in the country. The council has decided to bring existing commodity freight committees directly
      450 words
    • Article
      Hansa reports huge loss
      447 19 A HUGE trading loss, capital restructuring and a possible cut-back in sections of its fleet have been announced by the West German shipping group Deutsche Dampfshiffahrts-Gesellschaft Hansa. An extraordinary meeting of shareholders this week approved by a vast majority DDG Hansa's plans for a write-down in
      447 words
    • Article
      Cargo through Hamburg port hits record 60m-ton mark
      529 19 A PHENOMENAL 15 per cent upturn in cargo throughput was achieved during 1979 by the port of Hamburg, talcing the overall figure beyond the 60 million-ton mark for the first time ever. Total tonnage handled amounted to 63.2 million tons. Bulk cargo
      529 words
    • Article, Illustration
      SHIPS IN PORT
      533 19 EXPBCIISD ABKTVALB TODAY KEPPEL WHABVES Fuso Maru (after Serena) 31/32 Lu Chiang (hauls after Overwave sails) 40/41 Maju Jaya (Tanker) (after Tomoe 63 P/O, subject gas free) 16 Manoloeverett (after Yong Ming A Kal Maru sail, must head east, D/L) 35/36 Nedlloyd Amsterdam (0600 after Hoegh Cairn)
      533 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3029 23 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
      3,029 words
    • Article
      Mr Lai is new chief of Sasar
      198 24 PEOPLE IN THE awttw director af Mhsahtohl Heavy ladaetriea, Mr Lai Park Oa, ku ■wwiai Mr Cku Char Teek m af the nißfipM II tt ShlphaUdera Mi Bepelrera (Seaar). Mr On, whe Imml aervei m BMtrt praUnt hr the feat aeeea yean, «topped
      198 words
    • Article
      Many barges are being built in Singapore
      827 24 ORIENT EXCHANGE SHIPPING business in South-east Asia has survived the slump and is seeing most owners in a more healthy financial position. Shippers are enjoying reasonably steady freight rates. Most repair yards have .order books full for next 2 to 3 months. In
      827 words
    • Article
      Heavy weather the cause of Kaleo's trouble
      463 24 A SOUTH African navy ship on Wednesday sped to answer a distress call from the Singapore yacht Kaleo, one of the eight competitors in the 12,150 miles Spice Race from Indonesia to Europe. Port authorities in Durban said an air force plane was
      463 words
    • Article
      WHO ACTS FOR WHOM...
      1431 24 The leading shipping lines operating (rem local portoud the agents who handle cargo bookings A-B Adriatic CmMmt Continental Feeders (S)/Cargo Freight (PK). AFKA Singapore Shipping Agencies (S)/ Euro-Asia Line (PK/PN). AIM C. Tupiii Sea Coonortfcim (S)/Marintex Enterprise (PK). Alpnc Intrasea (S)/Yeo Shpg and Trading (KL)/lsland Cargo
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      238 17 a st class transport Agents: Nedlloyd EAC For further details, please refer to page V IScanDutch V i R n i i i \ll SAIL/jVo TfT Orient Overseas ConicMieA. LINE FUIY CORTMOKB SDMCE TO EUMK AM I B w w mm mI (STRAITS CARGO VtA FEEDER TO/FROM HONG KONG) UMdiW
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      303 17 A3 :i;l ■tii SEALORI) UJ AMAH H UASC UNITED ARAB SHIPPING CO SAG) EXPRESS MULTI-PURPOSE SERVICES Dl Dubai (10/5). Abu Dhabi (13/5), Damnum (16/5), Kuwait (19/5), Doha (22/5), Mina Qaboos (25/5) Dubai (8/6), Dammam (11/6), Kuwait (14/6), Shuhaiba (17/6), Doha (20/6). Abu Dhabi (23/7) FULLY CONTAINERISED SERVICE Loadni for ILMMH
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      25 17 wm CONTAINER Sebedales LONDON Freights SHIPS bi Port m hm hm mh .h SHIPPING Ust ORIENT Exeteage REGIONAL Weather WHO Acts Fsr Whem WORLD Services
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      431 17 NedNoyd Lines Call us We call the world Agents: Nftdlloyd EAC Please refer to y MAERSK LINE EXPORT TOUA PACIFIC, GULF, ATLANTIC, EAST CANADA AND ASIAN PORTS ft* 29-21/4 PMa 4-5/5 la* 11-12/5 Smppore Oram Tune *CT 23 Apr 1700 Ms CFS 23 Apr 0500 hrc TO ARABIAN/PERSIAN OULF-FULLY CONTAINERIZED
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      693 18 LEO SHIPPING PTE LTD. SINGAPORE PERNAS-MISC SHIPPING AGENCIES SDN BHD *^*3 PORT KELANG PENANG M 7/7. MALAYSIANUTONAVONAL SHPPHG CORPORATIONBERHAD wi amn 20/4 SIMM B.MMM 24/5 H.NDQM 27/5 10/6 1V( 11/t 17 LPDMCA 31/5 MB. EMS 3/6 18/6 23/$ 2C/« 25 LMMN 7/1 TOY MM 10/0 2S/C 31/1 1/7 3 HBP
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      252 18 SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA [trnKi CM hnIM Mi St. Mb 10* 34/5 9-11/5 |5-7/5 I 26/6 in 4/7 5/7 7/7 9/7 U/7 12/7 20/7 23/7 21/7 I TOM *20/4 I MM *10/5 3/6 l/C 10/6 11/ C 13/6 16/5 I 17/0 22/6
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      530 19 Overseas B BB Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Porta and Bangkok CoolakMnNp Services To/Frwn Bangkok Esse 01 run a/a*l a/*% 1/4 a* faM a% TK.Ra.IU IM 21% ML RS M aim M% MR. US Mri 11% a% l» Apr (Mr lk> MUS
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      547 19 Franco Belgian Services [b\r Fn>! Fn'nc't vm»c, 11>. li, .i.jt; F.jr K.tsurn l.tne* \mutm. P. KELANE UHm r«w ITta| Bltwat A'aap Mm HWf rHmx I'Mn I* Hnrt rite !m R23% 7* Apr SM* II Mr 13 IN 14 M« 17 m, UME MM. n*L 74 Ma 27M« 71 Mar £7
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      677 20 Hapag-Lloyd FULLY CONTAMRBED TO EUWPE S'pM PJMm|Pm Mm Sanaa HWf Braman Mam Antanrp PatefcdMan 28/4 1/5 20/5 2/6 5/6 30/5 28/5 MMNrtaiin 17/5 U/5 10/6 25/6 28/6 22/6 20/6 FUUT CONTMHSED TO GEMM/TRtSTE "S'Nrt P. Ketam Gmni Trieste 8/4 10/4 In Port 18/4 5/5 12/5 fekata Mm 17/4 19/4 23/4
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      568 20 KOREA L.INE SHIPPING CORPN P. Keianf STORE ALTAI 151W 1/11 May 12/1$ fey FOR BUS AN BANGKOK ALTAR 152E 8/11 May 12/16 May TO BUSAN INCHON VEGA 149# 30 Hay/2 fane 3/7 June FOR BUSAN BANGKOK VE6AISOE 30 May/2 June 3/7 June TO BUSAN PENANG CALL SUBJECT WDUCEMENT KSC KSC
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      556 20 r® EVERGREEN LINE fAR FAST EUROPE f XPRFSS FULL CONIAINFR SFRVICF ACCEPT WG CARGO FOR HAMBURG. FELIXSTOWE. ROTTERDAM ANTWERP IE HAVRE ALSO AC CEP TUG CARGO FOR UNITED KMGQOM SOUTHAMPTON IONOON MANCHESTER BIRMMGHAM. BRISTOL LIVERPOOL. GLASGOW. LEEDS WEST GERMANY SKMERHAvtt HOLLAND AMSTERDAM 1 S'pmt F Atmm tatimta* irtmmt UI U(M
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      812 20 |Bk "BURMESE NATIONAL LINE" 4 B LOADING FOR RANGOON f A Of Upm P-Kak* Pom* El muHmeyumu a> Part/ii Rpr K MSM a tor/2 My Bp pa ah 1/2 m*t a/» ««i K HTRNTRWYWR 12/171 Ray BF SSC Ag«on n Moloyva TEPS MALAYSIA v Compama Argentina Oa p) WiwMciM lnnmiwul
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      645 20 IEkO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD. 31 SANKYO LINE maypmnce.. MAT SKY MAY CARP AUSTRALIA SERVICE P. Kaianf Smfapart LaadMf kr. 22/24 Apr 25/27 Apr SYO. MEL. AOEL 13/15 May 9/12 May SYO. MEL, AOQ 10/12 Mi 13/15 Mi SYO. ML. AOEL BANGLADESH SERVICE 11/14 May CHTTAGONfi. CHALNA JAPAN/STRAITS SERVICE
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      864 21 k. PIL GROUP EAST AFRICA/REDSEA SERVICE SING APORE/CHITT AGONG/RANGOON/SER VICES Singapore 30/2 May Loading For: Chittagong. Madras SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES It/14 May 19/22 Apr SINGAPORE/INDONESIA/SINGAPORE SERVICES 21 Apr 22 Apr 21/23 Aw KOTAMUUA KOTAMDE KOTA 11/21 Apr 21/23 Apr 22/21 Apr S E A Container Feeder Service SIN/JKT/SIN/HKG/MAN ACCEPTABLE LCL/FCL
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      755 21 BEN LINE CONTAINERS EXPRESS CONTAMER SERVICE TO/FROM EUROPE to turn Ha* Mm •nm Eipreu 24/5 25/5 2/1 3/1 7/1 l/C l/l 9/1 14/1 IS/C 21/1 22/1 27/1 21/1 2/7 29/1 HAVRE SOTON France M UK 11/5 11/5 20/5 11/5 27/5 21/5 l/l 7/1 11/ l 2/1 11/1 12/1 17/1 11/
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      551 21 w I '1 i Si 1 :l Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE Accaptei to 1) larcetaaa Genoa Lagan 2) Liverpool UA. Canary IslanOs 3) km ■—>■■ Aartes Cc M laaPr mads accept** carp to Me to MM UC ta| to I 4 CaPs Genoa Mm*} (Fm). Im bslt
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      601 21 BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD LOADS FOR E. S. AFRICA KMDSM (Rtunton Durban. Clown PI Eh/. E London) Koantan 12/14 May S port 16/20 May U.S. GULF COAST SERVICE (New Orleans, Mobfle, Houston, Galveston) P Kolang Kuantan US Gtf VELMA LTKES (tfsdi 15/17 May U.S. WEST COAST SERVICE
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      742 22 "Kline KAWASAKI KISEN KAISHA. LTD. tXMISS COWTAINW SHVICES TO NORTH AMERICA MalnlM 21/4 1/5 TMMMI Mm U/5 23/5 Ma*a tkm IC/S 24/5 »VS 21/s V*Ml M 24/5 12/1 »/5 U/5 Mi MM 17/5 4/4 M*iHh 27/5 ta»4c*l» «/5 IS/C Ac* 1M 4/5 11/5 fah Mm 11/5 lt/l Mataka MM 31/5
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      491 22 CALFORMA/PACFtC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE im*« fcr in man. m macaco. »mi, taconl mmcowd. lc knptk| fa/fa Cwlitwri AUSTRALIA EXPRESS CONTAKR SERVICE Ac«pM«fCL/ra CMUtan JAPAN SERVICE MSMM BHMTT "MSHVA YASH" "S.O MtSOK" "*sm ASM*".. 1/9 17/11 li/n Mm 25/29 km EY9ESS PASSENGEK/CAMO SUMS TO NACAPATTMMI WOMS Tim) l
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      509 22 (•roup SINGAPORE SHIPPING AGENCIES PTE. LTD nil v sj-v. v »""•'««-"r.'.:.. *>8 A B CARSHiP c ASi. CARGOSM ltc«|iimal Container Lines WEEKLY CONTAINER SERVICE to/from BANGKOK STOKfIM) 24/25% a/1 fey 7/11 by Wis »p 21/22 May a/a*n 4/5 JM 11/UAm TWQUOBf ICS/1W 10S/20N 20S/21N 215/22* 225/23H 235/24N 245/25N 255/201 DSRLINES
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      584 22 mGRANARD LINE INDEPENDENT- A TTRACTIVE RA JES mnOITERRANEAN SEA SERVICE ALSO ACCEPTING CONTAINER CARGO PCL ONLY FOR; PORT SAID. ALEXANDRIA, BEIRUT LATTAKIA. UMASSOL. ISTANBUL k PIRAEUS Specially engaged agents stevedores providing immediate discharge •mm tew roM v. m JX, ff MM TAT l m ZJ g 3Q C NANSMGV.4M 52*
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      629 22 I Friday, April 18, HM INTRASEA (PTC) LTD. Faber House 234E Orchard Road Smgapo'p 9 Telephone *****11 *****5T REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE KOJUOI M7S_ NORASM N877 NORASM H879 a,, j, K Immm S'pare P. KMaaf Fm -24Apr 71 Apr 17 May 12 May 4 km 31 May
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      493 23 NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE/UK (VIA SUEZ): K. IACEWON+ m CONTAIO 0. CHEF IS. BMDGE It CORN. C. CONTAMER K. JACEJM Containers Feedered to/from F'stowe Also accepting cargo to/from Scandinavia FROM EUROPE (VIA SUEZ): H CORAL.... K. JACEJM.. Pt PEARL.... C. PAUL MERCATOR., C.
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      250 23 tai STATE CARRIERS 6 PTE LTD 22nd Floor. UMT 2204. Ho* leon» BwUnt Rattles Qwy. S pore 0104 Teh *****0%. *****26 *****59 Cat* STCAfNH Tele. RS ***** STCAJH9 REGULAR REEFER SERVICE SINGAPORE/EAST MALAYSIA SINGAPORE/JAPAN SINGAPORE/MEDITERRANEAN PORTS VESSEL SPORE PENANG LOAOMG FOR ETA ETA MTTO MMU 73 27-21/4 2-3/5 KOK/YOKOHAMA/TOKYO MnOMMU
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      317 24 r EGYPTIAN INTERNATIONAL LINE [II EGYPTIAN FLAG 1 FAST LINES STORE tttOSEL Iby 29 raUMBSU Jmm 25 Am 19 Jim 19 Mr 17 My 20 i Battings Hum Fhw *****43 KiAM CONTACT tCHKMKBI MNOAPORC TEL *****11 FROM EGYPT ALEXANDRIA SINGAPORE IKS Jw* 1 Jim IS ACCEPTS# CARGO FOR BUM. MQJL
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      340 24 OCEAN LINES REGULAR NON i MEDITERRANEAN SEA SERVICE Spore P Utttnf Penani load** tor. Ifltftby Port Sad/AJaiandria/LanatMi/ PfrMw/BaM/lattakia SST LINES (INDIA) SERVICE FROM MDOK9A/SMGAPORE TO SHE. SALERNO t TRESTE ETA M.V. SATYA SOHAN MB K a IMr (M IMS OWT ISM) W I CONTINENTAL FAR EAST LINES SNTWf OP y
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  • Page 24 Miscellaneous
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      149 24 Regional Weather 3 v N V J* u I oct ■frx fit Xvv#^> yw-; 10S 100E SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. R Thunderstor Shower Rain Cloudy Sky Temperature °C A\ Weather Wim 'W mint ®P 111... Wind direction with speed in knots Dew point °C
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