The Business Times, 29 March 1979

Microfilm: NL10060
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. Ht/l/li THURSDAY, MARCH »,1179 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Welcome, Mr Park
      81 1 SOUTH KOREA'S Foreign Minister Park TongJin arrived here last night on a five-day visit to preside over the annual meeting of Korean diplomatic mission chiefs in Asia and the Pacific. On arrival he said South Korea's policy has been to make every possible effort to expand the
      81 words
    • Article
      Lee for Brunei
      81 1 PRIME MINISTER Lee Kuan Yew leaves for Brunei today for a two-day visit to inspect Singapore Armed Forces units on jungle training. He is accompanied by Defence Minister Howe Yoon Chong, Senior Minister of State (Foreign Affairs) S Dhanabalan, the Minister of State (Defence) Bernard Chen and
      81 words
    • Article
      Lock icon Four more mills
      59 1 Reuter KUALA LUMPUR, Wed.— The government has approved the setting up of four more steel mills in Malaysia, Parliament here was told today. The mills, to be built in both Peninsular and East Malaysia, would have a combined production capacity of 160,000 tonnes of steel a year,
      Reuter  -  59 words
    • Article
      Lock icon Oman backs peace pact
      72 1 UPI MUSCAT (Oman), Wed. The tiny but oil-rich sultanate of Oman became the first Arab nation to endorse the Israeli-Egyptian peace pact today, but it urged further negotiations to ensure Palestinian rights. "The achievement of the withdrawal from Sinai and the practical return of its sovereignty
      UPI  -  72 words
    • Article
      Lock icon Ushiba on his way
      96 1 AFP TOKYO, Wed. Japan's chief trade negotiator, Nobuhiko Ushiba, left Tokyo for Washington today, carrying with him a plan for settlement of the dispute over procurements by Japanese governmental corporations. Tough negotiations, scheduled for Thursday and Friday, are expected between Mr Ushiba and Mr Robert Straus,
      AFP  -  96 words
    • Article
      Lock icon Ceasefire collapses
      29 1 UPI TEHERAN, Wed. Marxist guerillas aided Turkoman tribesmen battling with government forces today in northeastern Iran for the third straight day. A ceasefire collapsed after daybreak. upi
      UPI  -  29 words
    • Article
      Lock icon Dow Jones
      50 1 AP NEW YORK, Wed. The stock market advanced broadly today, riding the momentum of yesterday's sharp rally. The Dow Jones average of 30 industrials gained 1.91 points to 873.27 in the first half hour. Advances took a 3-1 lead over declines among New York Stock Exchangge-listed issues. AP
      AP  -  50 words
  • Chief Price Changes
    • Article
      SINGAPORE
      134 1 Rises Most Active D Keramat Metro Hld(i Sungei Besi Tronoh Mines Goodwood Park Msia Rice 1130 386 950 890 470 173 70 26 25 25 20 18 DBS G Lumber Sime Darby City Dev Faber Merlin 412.000 214.000 200,000 176.000 175.000 Tractor* 560 15 Total Turnover: 4.02m Mentakab 245
      134 words
    • Article, Illustration
      KUALA LUMPUR
      159 1 Rises Most Active Sg Besi 1000 60 JCEnt 316.000 Tronoh 925 55 G Lumber 275,000 Castlefield 1320 40 F Merlin 136,000 Mai Tin 1440 40 Tganu Dev 133,000 Sthn Kinta 680 30 Total Turnover: 3.23m Kramat 330 20 Total Value: MS6.93m Msia Rice 173 18 Magnum 416 18
      159 words
  • Article
    New money tree upsets liquidity
    790 1  -  COOL IT, MAS TELLS BANKS By COLIN CHEE BANKS have been told by the Monetary Authority of Singapore (MAS) to exercise some restraint over a money-market operation that threatens to weaken the board's control over the liquidity of the economy. The money market operation, arising
    790 words
  • Article
    Lock icon China stays put in Vietnam
    219 1 Reuter VIETNAM yesterday accused China of continuing to occupy and shell Vietnamese territory as Hanoi's deadline for the withdrawal of Chinese troops began slipping away. Last week, Hanoi set today as the deadline for Chinese withdrawal from northern Vietnam in a diplomatic note to Peking
    Reuter  -  219 words
  • Article
    Dr. Toh's move to 'preserve' the Report
    762 1  -  By GOH ENG KEE THE MINISTER for Health, Dr. Toh Chin Chye, yesterday moved an amendment to the main resolution proposed by Dr. Goh Keng Swee on his Report on the Ministry of Education to ensure that the "honest intentions and reasons in
    762 words
  • Article
    Sime is now free to redeploy its resources
    250 1 EXCITING days still lie ahead for Sine Darby Holdings eves though It has lest by just a hair's breadth la Its attempt ta gala a controlling Interest la Guthrie Corporation "I eaa only say that I will be very surprised II we
    250 words
  • Article
    ITB studies MRT labour requirement
    366 1  -  By FONG MEW LENG THE INDUSTRIAL Training Board is conducting a study on the manpower needs of the mass rapid transit (MRT) project. The chairman of the board and acting Minister of Social Affairs, Dr Ahmad Mattar, yesterday struck the most positive note about the
    366 words
  • Article
    Lock icon USSR DENIES FREIGHT UNDERCUTTING
    105 1 Reuter THE USSR'S Deputy Shipping Minister, Mr. Anatoly Goldobenko, has said that he rejects all charges by other international shipping nations that Soviet shipping lines underbid Western competitors to secure or enlarge market shares. He said he can use figures from the US Federal Shipping Commission
    Reuter  -  105 words
  • Page 1 Advertisements
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      565 2 COURSES AND TALKS Feb 5- Apr 14: Diploma In Life Insurance, SITC, SITC Mar 1-31: International Labour Organisation residential course, RELC, ILO of Singapore. March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development Mar 20-April 6: Manpower Planning and Employee Recruitment, Holiday Inn, Personnel
      565 words
    • Article
      Production troubleshooter is in town
      535 2  -  By FOO CHOY PENG A SPECIALIST engineer is in Singapore for six weeks to gauge the interest of local manufacturers in speciallydesigned machines and engines aimed at increasing production efficiency. Mr lan Beed from I. Beed Engineering, a British engineering firm which specialises in the
      535 words
    • Article, Illustration
      'Bionic' hands for sale
      364 2 SINGAPORE is a sound potential market (or Australian-made "bionic" arms and artificial limbs. This is the opinion of Mr Bruno W. Ast, an executive of Otto Bock Austral-Asia Pty Ltd, a leading manufacturer of components for the manufacture of artificial limbs. The company is currently participating
      364 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      261 2 TAN SRI HaJI Nik Daah Ma Hajl Nik Mat has been appointed a director, from April 1, of Consolidated Plantations Limited and Tractors Malaysia Bhd, both of which are major Sime Darby group subsidiaries. He is chairman of Central Sugars Bhd and PernasSime Darby Sdn Bhd. holding
      261 words
    • Article
      SEMINAR ON EXPORT FINANCING
      156 2 THE INSTITUTE of Banking and Finance will hold a two-day seminar on export financing from April 17 at the Shangri-La Hotel. The seminar, organised for the Department of Trade and the Singapore Manugfacturers Association, will be conducted by senior executives from banks and private firms. Some
      156 words
    • Article
      SCIENCE AND SOCIETY
      246 2 THE SINGAPORE Science Centre and Junior colleges are organising a series of talks on "Science and Society" and "Frontiers of Medicine" for Pre-Univesity students. The talks on "Science and Society" will be held in conjunction with the Singapore Association for the Advancement of Science while talks on
      246 words
    • Article
      Future of small electroplating firms dim
      188 2 SMALL electreplattag flrw fawe u uMrtaia fatare u Slagapare mvm bit* Ugh Mai •gyMutriet. As ladastriee advaaee teehaalegleally, the demaad far higher qaality electreplattag will alaa lacrtaK. Thfif lsdasMM will mm laager he aatlafled with the cheap hat lewqaallty electreplattag that Is pradaced hy
      188 words
    • Article
      Six plus five
      41 2 BUSINESS Times yesterday named six of the 11 founding members of the Singapore Reinsurers' Association. The remaining five are Reinsurance Management Corporation of Asia, Singapore Reinsurance Corporation, Skandia Insurance, Societe Commerciale de Reassurance, and United Asia Reinsurance Corporation.
      41 words
    • Article
      The business of dos and don'ts in West Asia
      364 2 SINGAPORE businessmen received some good advice on marketing and investment opportunities in West Asia when a Singapore team visited the region recently. The team also secured US$2.5 million (about 5J5.5 milion) worth of actual sales and US$l3.3 million (SJ29 million) in
      364 words
    • Article
      Welding workshop
      116 2 THE Singapore Institute of Standards and Industrial Research (Sisir) will conduct a one-day workshop on welding on May 18 at Shangri-La. The course, to be conducted by senior officers of the institute's Non-Destructive Testing and Metals Technology Group, covers briefly the various Welders' Qualification Test (WQT) codes and
      116 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      754 2 ARRIVALS 1 Service Local Operator Number Th»e Fro* SIA BA SQ/BA17 0700 LHR/BAH MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0815 KUL CPA CX710 0905 HLP MAS MH671 0945 KUL RBA BI323 1030 BWN GIA GA9B0
      754 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      123 2 w JMl—,lfjH U|i"J iWA —z;L: 1 '4r, *W* */i MP® fe&! Draw a crowd to a sale or sell a drawing of a sale. Leisure Times is right on target For as little as $15, you can sell a house, fetch a good price for an antique or talk about
      123 words
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  • REGIONAL
    • Article
      Lock icon China to step up contacts with HK
      321 3 AFP CHINA will further expand its trade with Hongkong and the two sides will strengthen their cooperation and contacts, Chinese Foreign Trade Minister Li Qiang said in Peking on Tuesday night, New China News Agency reported. In his toast at the dinner party
      AFP  -  321 words
    • Article
      Lock icon TOKYO FAIR DRAWS GOOD RESPONSE
      99 3 AFP GOVERNMENTS tt 54 cmi tries sad 2,Ml firms bath from Japu and •bread will lake part ia the ISth My* Internatteaal Trade Fair ta be held tram April 24 ta May 3, fair argaalsers said yesterday. lie number af participating gaverameats Is mare tbaa
      AFP  -  99 words
    • Article
      Lock icon Packaging of financial services
      280 3 AP A NEW investment services company is being established in Hongkong to package financial services for the development of China's raw materials, industry, infrastructure and trade, it was announced on Tuesday. Leslie Collings, director of Nugan Hand International, said in Hongkong his private bank will assist
      AP  -  280 words
    • Article
      Latex shippers appeal against end of service
      245 3 RUBBER plantation interests in Malaysia have urged the Straits-Australia Shipping Conference to reconsider its decision to withdraw its conventional shipping service for bulk latex and other similar cargo with effect from May. Mr. John Duncan, chairman of the late* sub-com-mittee of the rubber
      245 words
    • Article
      Lock icon Opec's ill wind blows across Asian countries
      562 3 UPI ASIAN countries reacted with apprehension to the Opec price increase, particularly those with prospects of sharply-reduced economic growth this year. Business analysts in the Hongkong attributed a sharp drop on the stock market to the announcement of the price boost. The Hongkong
      UPI  -  562 words
    • Article
      Lock icon NEON ADS GLARING IN SHANGHAI SOON
      94 3 AFP NEON SIGNS and billboards will soon be erected along the streets of Shanghai, China's largest consumer centre, to advertise electric appliances and other Japanese products, Kyodo News Service reported on Tuesday. Dentsu Inc., the top Japanese advertising agency, and the Shanghai Advertisement Corp.,
      AFP  -  94 words
    • Article
      Riotinto mineral hunt in Pahang
      295 3 CONZINC Riotinto Malaysia Sdn Berhad (CRM), working jointly with the Pahang Tenggara Development Authority (Dara), plans to explore for metals in a 1,300 sq km area in the development area near Lake Chini in June or July. The company is currently calling for tenders from
      295 words
  • Page 3 Advertisements
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      666 3 II TVO-IN-CRYPTIC PUZZLE ACROSS 4 More work, we read (6) 7 Yearns to be good, but it's unlikely (4, 4) 8 Stand or stumble on a piece of wood (6) 10 Searches for Sikhs? (5) 13 A run in the theatre (4) 14 Dad gets a posh car for Catherine
      666 words
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  • RAW MATERIALS
    • Article
      Lock icon Incentives for Philippine rice producers
      314 4 Reuter THE intergovernmental group on rice of the Food and Agriculture Organisation (FAO) has today endorsed a Philippine proposal to stabilise rice prices and supplies by giving incentives to producers. The group, composed of 120 delegates from 60 countries, issued the endorsement in a communique
      Reuter  -  314 words
    • Article
      Lock icon India expects good harvests
      184 4 Reuter INDIA expects good 1978/79 harvests despite extensive flood damage to crops in August/November last year, the annual report of the Department of Agriculture said. Agriculture Minister Surjit Sing Barnala told Parliament that recent heavy rains and strong winds in February/March had, however, caused some crop
      Reuter  -  184 words
    • Article
      Lock icon Indonesia reaps bumper crop
      200 4 AFP INDONESIA ku achieved a hamper rice enp at 17i million t—a em last year following widespread ptenttog at pest-resistnnt aid high-yielding varieties conpied with tevoarahie weather. A re pert hy the Mm slaa delegation te the Oad »tm!>■ ef the totergevenuneatal grasp rlee ef the
      AFP  -  200 words
    • Article
      Lock icon Less wheat imports forecast
      303 4 Reuter UPI THE US Agriculture Department (USDA) said Indonesia's wheat imports this year could fall to around one million tonnes from an estimated 1.25 million imported in 1978. The department said wheat flour prices were increased 38 per cent, effective March 1, raising the cost of
      Reuter; UPI  -  303 words
    • Article
      RUBBER
      271 4 OPENING prices in Singapore yesterday were about unchanged but prices thereafter rose about one cent in early trading on speculative and trade buying before easing later on profit-taking. April was in demand with sellers reserved, dealers said. The morning session closed slightly higher with April One RSS buyers quoted
      271 words
    • Article
      Closing prices
      30 4 Rubber: March 28 Singapore: April: 263.50 cents (down one cent) Malaysia: April 266.00 cents (down 1.25 cents) Tin: $1,960 (down $25) Official offering: 209 tonnes (up 36 tonnes)
      30 words
    • Article
      RAS PRICES
      377 4 R A S. prices In cents per kilo yesterdayNoon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f o b. 264 50 265 SON Int. 1 R.S.S. April 264.S0 265 00 Int. 1 R.S.S. May 263.50 264 00 Int. 2 R.S.S. 258.50 259 50N UK Coot 257 50
      377 words
    • Article
      SSR and SMR
      120 4 NOON SSR and SMR price* yaaiartayHAS April May (Carreat Hlkl (Pai rward Mtk) SSR 20 Bay. era Sellers Bu > eri Sailer* ll-ton pallet I 255 00 257.00N 256 00 258.00N .HSR SO II-ton pallet 1 252.00 254.00N moo 255 00N MRELB SMR CV ll-toa pallet I
      120 words
    • Article
      Textiles
      196 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars spot ex-godown) CrttM jran: China Blur Phoenix 20b 2,440. 32b 2,980 40b 1,100 (per bale at 400 lbs). Pleee gaafe: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq. Flower and Butterfly
      196 words
    • Article
      Produce exchange
      301 4 PEPPER again dominated commodity prices on the Singapore produce market yesterday. All-round increases of $2.50 marked this section. With the new pepper crop still some way off from the freight vessels, sellers were taking advantange of the situation to jack up prices. In addition, the Tunis tender has
      301 words
    • Article
      Rice
      295 4 SINGAPORE: Yesterdays closing prices in S$ per kUo, ex-godown: THAI WHITE: 100 pet first clasb (Kangaroo) new crop 0.95, 100 pet second class 0.85, 100 pet third class 0.83. 25 pet new crop no stock, B-10 pet 0.75. THAI BROKEN: A-super 0.62. Special 0.56. THAI RICE: 55 pet no
      295 words
    • Article
      Lock icon US accepts rubber producers' proposed pricing structure
      972 4 Reuter THE UNITED STATES, in what it described as a major concession, has accepted a basic pricing structure proposed by producing countries for an international pact to stabilise markets and prices for natural rubber. US delegate Richard Ogden announced the American move at
      Reuter  -  972 words
    • Article
      Straits tin
      72 4 THE STRAITS 111 price ii Pemg yesterday fell M$2S to $1«MI per pteal. Valaes fell m larrgaenl sapplles «f tin eeaeeatrates (ram mlaers ceapled with Leadea's evendght easiaees, dealers said. Bat tower levels attracted aeme j—l tram Japaa, the US aad lecal traders aad total taraaver raae to
      72 words
    • Article
      Hongkong Comex
      178 4 TRADING on the sugar futures market yesterday remained quiet and featureless with no trades registered against one lot on Tuesday, dealers said. May closed at 8.56/61 US cents against Tuesday's 8.60/68 close, July at 8.86/91 against 8.96/9.00, January at 9.41/51 against 9.53/60 and March at 9.88/85 against 9.95/96
      178 words
    • Article
      Soybean
      170 4 CHICAGO soybean futures closed lower with prices down 6'4 US cents to one cent a bushel on Tuesday. Prices rebounded from the lows of the day on shortcovering and strength from the late rally in the wheat pit, traders said. Commission houses and a professional were buyers of May
      170 words
    • Article
      Wheat
      70 4 WHEAT futures in Chicago on Tuesday rebounded from earlier losses and closed one cent to US cents a bushel higher. Traders said the late rally was sparked by heavy buying of the July option by a commercial and a commission house. There was a lack of selling when the
      70 words
    • Article
      LONDON MARKETS
      872 4 OILSEEDS: Brokers reported a steady but quiet morning for oils and oilseeds yesterday. Soybean oil found some nearby support with April deliveries of Dutch production making 135.75 guilders per 100 kilos P. 0.8. ex-mill but other edible oils were mostly subdued. Soybean demand was featureless while no significant
      872 words
    • Article
      Palm oil
      75 4 C.I.F. North European ports, tn US dollars per ton unless otherwise stated. LONDON: Malaysian 5% ffa bulk per tonne May Sumatra 5% ffa bulk March April May June July Nigeria 5* ffa bulk stg BOTTKKOAM: Sumatra Max 5 April ZairrtBelg francs per kilo) Nil n«VHH 079slr 074slr 710slr
      75 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      252 4 Mathematics and Statistics in Penguins Mathematical Carnival: Martin Gardner A piece of solid iron in the form of a doughnut is heated. Will the diameter Qf its hole get larger or smaller? Just one of the maddening but uniquely entertaining puzzles that make up Martin Gardner's latest collection. The range
      252 words
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      Page 4 Advertisements Column 2
      9 4 UatflkUl clutag prices at Lm4w metals n hack page.
      9 words
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  • OVERSEAS
    • Article
      Lock icon Dearer oil adds to US economic gloom
      920 5 Reuter UPI ECONOMISTS and oil analysts believe that higher international oil prices raise the odds of a recession in the United States this year and will add about a half percentage point to inflation. The Geneva meeting of Opec ministers raised oil prices
      Reuter; UPI  -  920 words
    • Article
      Lock icon Arafat calls for economic boycott of US
      288 5 Reuter A CALL for an. economic boycott of the United States for its part in the EgyptIsrael peace treaty added a new dimension yesterday to a meeting of Arab foreign and economic ministers. Palestinian leader Yasser Arafat, addressing the opening of the Arab
      Reuter  -  288 words
    • Article
      Lock icon CHORUS OF GROANS FROM THE EEC
      344 5 AFP THE NINE-NATION European Economic Community could face slower economic growth, higher inflation and a substantial rise in its overall current account deficit as a result of the oil price increase announced by producer countries on Tuesday. Delegates to a council session of EEC
      AFP  -  344 words
    • Article
      Lock icon ISRAEL GETS PLEDGE
      93 5 UPI THE UNITED States and Israel have concluded two agreements which, according to the Israelis, include a US commitment to "increase its presence" in the Middle East and "remove any naval blockade against Israel." These descriptions of US pledges, attributed to Israeli Prime Minister Menachem Begin, appeared
      UPI  -  93 words
    • WORLD IN BRIEF
      • Article
        Lock icon MINERS YES TO WAGE OFFER
        584 5 Agencies BRITISH coal miners voted in favour of the National Coal Board pay offer of £6.50 (5528.30) a week, plus additional benefits, in a national ballot conducted by the National Union of Mineworkers. A union spokesman said out of a 76.7 per cent poll, 67.4
        Agencies  -  584 words
    • Article
      Lock icon Turkoman tribes rebel against Teheran authority
      322 5 Reuter THE IRANIAN government yesterday battled to control the second revolt within a week against its authority, just a few days before a crucial referendum on establishing an Islamic republic. At least 16 people have been killed and more than 100 were said to
      Reuter  -  322 words
    • Article
      Lock icon May date likely for Britain's general elections
      387 5 AFP EARLY general elections are likely in Britain, possibly in May, irrespective of the outcome of the no-confi-dence debate in Parliament on Wednesday night (early, morning today, Singapore time). Although the voting forecast was still finely balanced, the opposition Conservatives were expected to
      AFP  -  387 words
    • Article
      Lock icon Off the road
      115 5 Reuter THE POSSIBILITY of a strike by most US truck drivers loomed closer as more and more local branches of the Teamsters Union voted to authorise strike action within the week. The Teamsters also took the unprecedented step on Monday of filing a suit calling on the
      Reuter  -  115 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      26 5 Superb Northern Indian, Kashmiri and Moglai cuisine for the discriminating gourmet. Tht' m,*s! distinguished Indian Restaurant in tht vv, >rld J Hj/Ait'r Omivv YK\V.Vtvm. Tel: .*6/505
      26 words
    • Advertisement
      Page 5 Advertisements Column 2
      125 5 These tiny buttons on your IDD telephone can put you in touch with Zurich* in a matter of seconds Also Australia, Austria, Bahrain, Bermuda, Canada, Cyprus, Denmark, Fiji Finland, France, Federal Republic of Germany, Greece, Hong Kong, Iran Republic of Ireland, Israel, Italy, Japan, Republic of Korea, Kuwait Liechtenstein, Luxembourg,
      125 words
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  • Article
    All the way, or not at all
    400 6 EVEN THOSE who are in general agreement with the recommendations of the Report on the Ministry of Education 1978 must concur with Dr Toh Chin Chye's somewhat bewildered observation that no one can be in opposition with a resolution which is drafted in
    400 words
  • Article
    The hollow ring in Yamani's advice
    361 6 IF IT IS the level of consumption alone that determines oil price increases, then Sheikh Yamani may rest a little in the certainty that the oil consuming countries are not going to force Opec to raise oil prices again in June. Apart from the
    361 words
  • Article
    Lock icon Shorter work-week meets resistance in Japan
    509 6 A five-day work week is likely to prove unpopular with some employers. But who would have thought that some workers would also be opposed? This is the strange position in Japan when well-meaning moves from the government often meet snags. AP THE FIVE-DAY work
    AP  -  509 words
  • Article
    Lock icon HOW MANY CHINESE LIVE IN CHINA NOW?
    756 6  -  I ay MALCOLM BROWNE NYT MALNUTRITION, overpopulation and poverty may be more serious problems for China than Western visitors have been led to believe in recent years, according to an analysis by Dr Nicholas N. Eberstadt of Harvard University's Centre for Population Studies.
    NYT  -  756 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      203 6 APOLLO HOTEL Havelock Road. Singaore 3 Tel: *****1 AMBASSADOR HOTEL ***** Meyer Road, Singapore 15, Tel: *****11 CENTURY PARK SHERATON Nassim Hill, Singapore 10 Tel: *****7 CHEQUERS HOTEL 418 Thomson Road. Singapore 11 Tel: *****66 COCKPIT HOTEL 6 7 Oxley Rise, Singapore 9 Tel: *****1 CREAT EASTERN HOTEL 401 Macpherson
      203 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      40 6 Bristow Tc\«bKcß NiCC U)€j£.<€^D £l£f\4PvNT Fank DickenS "The offices of Messrs ■Biff Cr r, > r _/&KORM 1 5/dow't rsk uxx loHpa Tne.M I me TO R&PO 5 r--IT'S RBOuT R 6UV»sIG CL££K lOHO KIDNRPS R PbSTBOY TUGisI TeL£PMONeS rccoomts D^fßfcrntfii...
      40 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      911 6 Dating mothers THURSDAY** programme has mc bright spat at t* ke scream. Ida (Mather Margeastera) dates a haadseme daetar wham Bhada thlaks Is taa yaaag tar her mether. Breada, hawever, Is the wiser af the twe sisters aad expiaias to Big Sister Rhada that her meatmeat may he hased ea
      911 words
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  • Article, Illustration
    Lock icon Demand for chips leaves Europeans short-circuited
    1346 7 Microscopic circuitry will invade our lives even more than it has before. The Americans are innovating while the Europeans remain with antiquated methods. Just where that leaves countries like Singapore remains to be seen. Economist A FLOOD of new products v based on integrated
    Economist  -  1,346 words
  • Article, Illustration
    WINE PRICE SOARS IN ARGENTINA
    678 7 FOR YEARS Argentinians have shocked foreign connoisseurs by watering down their wine with soda water or soft drinks to wash down their famous beefsteaks. But the price of wine, once cheaper than coca-cola, has risen so sharply in this leading wine-producing country that exporters are
    678 words
  • Article
    STRAWS IN THE WIND
    347 7 THE CENTURY Park Sheraton has obviously made its own judgements about the eating habits of Singaporeans. In its Cafe in the Park coffee-shop any customer requesting a steak is sure to get tomato ketchup and chilli sauce served with it without asking.'Just try getting a little
    347 words
  • Article
    Saudi Arabian position will decide future oil prices
    750 7  -  I FORUM .with Anthony Parisi FOR OIL economists in the United States, it was not the US$l.2O a barrel price rise imposed on Tuesday by the Organization of Petroleum Exporting Countries that was disturbing it was the announcement that all Opec members
    750 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      320 7 UMIHUI ♦COMES* VT m wmm II ■on oosis m the orient 214 Duneorn Rood. Singopore 11 Tel: *****2 March 16 to 29 UWi bW See highly skilled craftsmen at work There's a Calligraphist Painter An Engraver. At the front patio 10 am tolOpm Then come inside to Chinatown For the
      320 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Blue chips in good demand
      635 8 TOKYO Source: DBS-Daiwa "-TOE MARKET was relatively bullish yesterday, centring on "'•medium-sized blue chips on heavy buying by the major brokerage houses, since it was first trading dav foe delivery this April. j The Nikkei Dow-Jones avero l( age only showed a slight loss <
      Source: DBS-Daiwa  -  635 words
    • Article
      Sydney
      269 8 BHP and selected minings were among the few bright spots in an otherwise weaker market yesterday, dealers said. MAR 28 Cents INDUSTRIALS A. C. I 174 unci A. N 1 174S A P M 123 •1 Ampol Pet 71 1 B H P 1IU 5 Bank NSW 344 2
      269 words
    • Article
      Manila
      127 8 THE market closed mixed yesterday with oils posting gains while commercials and minings declined, dealers said. Turnover rose to 8.8 million pesos from Tuesday's 6.4 million. MAR 28 Pesos Acoje Mining 0096 -***** Atlas Con A Alias Con B. 2500 unch Bagujo Cold 0106 unch Benguet Con B BK
      127 words
    • Article
      Bangkok
      246 8 MAR 28 Bahts Asia Credit 306 unch Asia Fibre 235 Ayuthaya Inv. And Trust 110 1 Bangkok Investment 282 4-16 Bangkok Bank MO 4 Bangkok Drying And Silo Bangkok Insurance W4 unch Bangkok Metropolitan Ban 630 unch Bangkok Nylon 180 -18 Bank Of Asia 238 422 Bank Of Ayudhaya
      246 words
    • Article
      Lock icon Hongkong
      328 8 Source: SHK Sec THE MARKET yesterday fail- Jfd to react as vigorously' as overseas markets to the lower-'"'than-expected Opec oil price hike but still showed consider..j able strength in the face of f continued institutional selling. Prices opened an a weak r note but steadied as local «short-covering and
      Source: SHK Sec  -  328 words
    • EUROPEAN MARKETS
      • Article
        Zurich
        188 8 MAR 27 Francs Actions Suisse* 290 unch •10 Alusuuse Br 1440 AlusuLxse Rr| 570 unch -S Brown Boveri Br 1800 Clba Geigy Br 12*5 no 15 Clba Oelgy P C -10 Clba Geigy Reg Credit Suisse Br 700 2354 2 Credit Suisse Reg 453 unch unch •10 Elektrowalt Br
        188 words
      • Article
        Brussels
        91 8 MAR 27 Frs FORWARD MARKET Acec 447 unch Arbed 2306 ♦36 Aslur •72 -8 Braacan Bru-Lamb 1740 4 10 Canpac 60S .8 Cock 405 -5 De B«en 210 41 Ebcs 2440 ♦15 Electrobel 0010 -10 Ob-Inno-Bm 2535 unch 13*70 .4 Hobok 3070 Prlro 3850 unch Ryl Dutch 2010 20
        91 words
      • Article
        Amsterdam
        197 8 MAR 27 FU ABN 360 50 unc h Ahold 122.00 08 Akxo 30 10 ♦0.8 AMEV H90 0.6 Am fas 114 JO -0.1 Amrot Bank 74 TO 0.4 Bergou 56 50 -0-3 Berk S3 50 ♦0.5 Bols 70 00 13 Borsumij ***** .1 Burhmann 73 00 13 Byenkorf 99
        197 words
      • Article
        Paris
        278 8 MAR 27 Fro CORBEILLE Alr-Liquide 387 50 B S N Gervau Danone 4«! C 8 F (ThomsonCsf)— ***** Cie Francaiae des Petrolei ISO Compagnie Financier* Com pagnir Generate J79 Credit Foncler De France 420 Hachette (Llbrairte) 224 Machine* Bull i_ 56 SC Michel in <B) 1010 Parlba» 218 Pechiney
        278 words
      • Article
        Frankfurt
        213 8 MAR 27 Aef-Telefunken Akxo All* Leben Dm 01 JOB 28 00 ***** 0.9 5 Alii Vera 456 50 -54 BASF Bay H T Wbank Bay Vbank 137 10 MOO 274.00 LI -1 Bayer 138 20 4) BBC 288JO 24 BMW 226 SO 05 Cassella 380 00 Ctiem Verw *****
        213 words
      • Article
        Milan
        80 8 AnUAssoc Gtn Buidfl urr ISO <2496 732 -05 -435 Central* rut 4MD 2808 •9b .B Firutder G*n Immob 185 75 76 -OA 1KI Pn 2349 -20 llalcpmrnu IUi(u ***** 804 -30 .j IUJitdtr 425 M»*neti M Pf Martin Ere Mediob 566 286 50 ***** unch unch Miralania Mondadori Monlrdsn
        80 words
      • Article
        Lock icon Retail banking boosts BoA
        167 8 Reuter BANKAMERICA Corp said its retail income increased 32.7 per ceat last year to USs2tt million. The compaay said la Its aaaaal report the retail dlvlsioa accoaated for 5t4 per ceat of total 1178 operatlag aet. The world haahlag dlvlsioa coatritooted tf.B per eeat to total
        Reuter  -  167 words
    • Article
      Biggest rise in any single day
      1286 8 NEW YORK STOCK prices surged on Wall Street on Tuesday, in part reflecting investor relief that a 9 per cent plus oil price rise by Opec was not as big a rise as had been expected. Analysts said the Opec move also renewed hopes
      1,286 words
    • Article
      TORONTO
      200 8 MAR 27 C* Abiubi 11', Atcan 43', Algoma 27'.unch Bank Mont 23 Bank Nova Scotia 22'. 4- Bell Tel Si Bern Corp BP Can Ud ZI 25 '< Brascan 22'. Camp Red Lake 41 Can Imp Bk 26 unch Canpac 17'. Canpac In* Pt le'.B unch Carling OXeefe S'<
      200 words
    • Article
      JO'BURG
      317 8 MAR 27 Rand INDUSTRIALS A Alpha ISO unch A be room 245 4-5 AE And CI 400 unch AMIC 1400 30 Barlows 570 15 Cg Sugar MO •S CNA 1(0 Currle Finance M unch De Beers Ind ***** Edcon 340 Edgars 3950 unch Eveready 2838 3 Fed Volk 215
      317 words
    • Article
      ITT anticipates a good year
      203 8 INTERNATIONAL Telephone and Telegraph president Lyman Hamilton said with the first quarter nearly completed, "there's nothing to dissuade us from the fact that it (1979) will be a very good year." ITT, in a preliminary copy of its annual report released recently, said it expected
      203 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      210 8 vs? y, V X r A What's better than telling other businessmen about your services? Sellina other businessmen your services. In the Buku MerahTs new pink pages, classifieds business section. k a i i The Buku Merah now offers you all the space you want to give full prominence to
      210 words
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  • BANKING AND FINANCE
    • Article
      Lock icon EMS threatens to lift German inflation
      192 9 Reuter THE EUROPEAN Mwetary System provides u opportunity far greater harmonisatlon «f European economies, bat harbours the risk for Germany of imported inflation, Bundesbank president Otmar Emminger sold. He snid the EMS means 42 per cent «f German trade is carried ont at basically
      Reuter  -  192 words
    • Article
      Lock icon Capital market controls
      185 9 Reuter GERMAN Banking Association president Wilhelm Christians said control of the international capital market is impossible, and only through coordination of international economic policy can balance of payments differences be reduced and currency movements stabilised. Mr Christians said though the capital market is often blamed for currency
      Reuter  -  185 words
    • Article
      SPECIAL DEPOSITS RECALL POSTPONED
      120 9 THE BANK of England announced the postponement of a recall of special deposits, due today, to May 8 amounting to one per cent of banks' and finance houses' eligible liabilities. The bank said this was a technical measure in response to stringent conditions in the money
      120 words
    • Article
      Lock icon Sweden plans yen bond
      268 9 Reuter THE NATIONAL Debt Office of Sweden said the country has registered an application with the Japanese authorities to issue a 20 billion yen ($2lO million) and a US$lOO ($220) million bond, amounting to a total of around 850 million crowns. The yen issue will be
      Reuter  -  268 words
    • Article
      Tighter reins on German banks
      189 9 WEST GERMAN finance minister Hans Matthoefer said the possibility of requiring German banks to consolidate their domestic and foreign business in their accounts should be considered as a way to improve supervision of their international activities. Such a study will need to be made during
      189 words
    • MONEY AND EXCHANGES
      • Article
        Gold
        314 9 SINGAPORE gold futures yesterday closed steady in moderately active trading, dealers said. But opening quotations were marked down around US$3 per ounce in line with easier overseas gold prices and the strength of the US dollar, and later staged a partial recovery, they said. Turnover rose to 303 lots
        314 words
      • Article
        Singapore market
        455 9 THE FOREIGN exchange market was quiet yesterday as dealers continued to take a wait-and-see attitude on likely developments. Against the yen, the US dollar opened at 206.90/00 and was traded higher by Tokyo's close to 207.50/60. Volume was small, however. Against the deutsc he mark, the dollar opened
        455 words
      • Article
        MLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • Article
        Treasury bill tender
        60 9 THE Monetary Authority of Singapore has invited hanks and discount houses to tender for two series of Treasury bills totalling $80 million: a) $50 million 91-day hills to be issued from April 2 to April 6; and b) $30 million 182-day bills to be issued on April
        60 words
      • Article
        Asian $ rates
        183 9 Asian rates ASIAN currency deposit interbank rates as at close on March 28: US Offer BW 7 days 10 7/16 105/16 1 month 9 15/16 913/16 2 months 103/16 10 3/16 3 months 10'• 10 t 6 months 10 15/16 10 13/16 9 months 10' 10'i 12 months 10 s
        183 words
      • Article
        Discount
        41 9 i M 3 mon Ul CkxiBf Hmjimg SrIJuf Treaai 3 mon urj Ul i bills 4' 3 Bank 3 mon 6 mon bll th th U 7's V. CD 6 CD 7 1/16 6 15/16 Source: National Discount Co Ltd.
        41 words
      • Article
        Australia/NZ
        57 9 QUOTES on the Australia and New Zealand exchanges on March 28: AUSTRALIA: US dollar 1.12 M.1.1178 Sterling 0 5493 0.5430 Ninety day airmail buying ratn Sterling 0.5703 US dollar 0 5551 Ninety-day forward buying rate*: Sterling 1.1612 US dollar 1.1303 NEW ZEALAND: Reaerve Bank midrate U551.0551 Trading Bank Indications
        57 words
      • Article
        Tokyo
        238 9 THE US dollar for overnight delivery yesterday closed firmer at 207.55 yen, compared with a 207.20 opening and 207.05 at Tuesday's close. The Bank of Japan sold a small amount of dollars at around 207.50 yen, just before the close, to support the Japanese currency, dealers said. The US
        238 words
      • Article
        Hongkong
        137 9 STERLING yesterday rose to U552.0645/50 in late trading from an opening 2.0510/ 20 and New York's 2.0495/ 505 close. Dealers said the British currency rose largely- on late European buying after firming gradually throughout the session. A vote of confidence in the UK government, -due later in the day,
        137 words
      • Article
        London
        155 9 THE DOLLAR yesterday opened steady in quiet trading against major currencies while sterling was steady on its effective index and firmer against major European currencies, dealers said. Sterling was unchanged at G5.6 on its effective index. It rose fractionally to U552.0537/42 from 2.0525 32 overnight, and showed further gains
        155 words
    • Article
      Lock icon Foreign sales of Japanese bonds down in Feb
      495 9 Reuter NET PURCHASES of Japanese bonds by non-residents in February fell sharply to US$5 million ($ll million) from $960 million in January, the Japanese Finance Ministry said. Foreign purchases of bonds in the month fell to $1.06 billion from $1.88 billion while
      Reuter  -  495 words
    • Article
      Thai moves to ease tight monetary conditions
      150 9 BANK OF Thallaad Rovrraor Dr So»h I nakul has —< new mmares which he predicted weald relieve the earreat tight meaey ritutt—within the aext three meaths. Speaking at the aaaaal Thai Baahen A—>ci»tlia dinner, Dr Saeh spelled eat the feUewrlag measures: The ipialaj
      150 words
    • Article
      Lock icon Mixed yields at America's bill auction
      461 9 Reuter AVERAGE effective yields on US Treasury bills were unchanged at 9.496 per cent for three-month bills and fell to 9.437 per cent from 9.483 per cent on six-month bills at the latest weekly offering. The Treasury said the sixmonth rate was the lowest
      Reuter  -  461 words
    • Article
      Lock icon Treasury bills looking sweeter
      870 9 SIMPLE PROCEDURE FOR BUYING NYT WITH THE US government's recent clampdown on the amount of interest that banks and savings and loan associations can pay on the popular savings certificates linked to treasury bill rates, the treasury bills themselves look more attractive than before. Many investors
      NYT  -  870 words
    • Article
      U.S. FARM CREDIT BANKS
      104 9 US FARM credit banks have offered two issues of consolidated system wide bonds totalling US$2.3 billion (about Sss billion) yesterday. The offering will consist of $1.25 billion of six-month bonds, due Oct 1, and H billion of nine-month bonds, due Jan 2,1980. The Federal Reserve system
      104 words
    • Article
      Let there be equal basis
      173 9 ACQUISITION of US banks by foreigners should be on the same general footing as acquisitions by US banks. Henry Reuss of the US House of Representatives banking committee said that world progress is furthered by not imposing unnecessary or ill thought out barriers to the
      173 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      167 9 Study Accountancy with the Specialists Study with Foulks Lynch J i < >\ix>\ SIIUC 1 I J.ulkv 1 \!i v 1 (l.i\ c p«„ V .:i!t i T. W >1 oin al! i omul I lu' mki in: 'he \ai uvi Vvoun! aiu\ c amma! ion > aiu: u c■;
      167 words
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  • Article
    DEALS DONE ON THE SES AND KLSE
    1496 10 'Tn •"Singapore ■BID and offer prices officially listed and business tn and reported to the Stock Exchange of Singapore yesterday with the humber of shares traded shown In brackets In lots of 1,000 units .unless otherwise specified. All Time Settlement Conquoted after the
    1,496 words
  • Article
    Unit trusts
    155 10 SINGAPORE UNIT WOT (MiHWi' friM i tor Mar V) The Comnmt 2.21 2.35 The Saving Fund 1.9 137xd S pore Prof Fund 017 102 S'pore Sec Fund 1J0 iji S pore Invest Fund 1J7 1.36 S'pore Equity Fund 100 105 AflAUMTIllOT (NAnicn 1 phw i tor Mm r»)
    155 words
  • Article
    SHARE INFORMATION SERVICE
    2695 10 Gr*» Grt Net l»78/7» Last Dhr DW YTd P/B Vol Day ,wo U« Coapoajr Safe 4-or- Cw (•OOO) Hl«k Low SECTION ONE ,o 1 INDUSTRIALS 2*2 132 Acma 230 -2 12. ON 15 55 25.0 1 230 230 "3K» 123* Alcorn 180 10.0 2.2 55 135 A
    2,695 words
  • Article
    Government bonds
    119 10 4 1/4% 1/8/80 (*****0) <90.4 IB 05 458) 4 3/4% 18/8/80 (290,000) (90.608 90 708) 6 1/4% 1/3/81 (*****0) (*****8 *****8) 6% 16/4/81 (*****0) (90.638 90 738) 6 3/4% T P 1&/7/80-84 (*****0) (100.20B) T P 1/5/83 (*****0) (100.108 *****8) ft 3/4% T P lft/6/81-84 (*****0) (102.008) 6%
    119 words
  • Article
    In Kuala Lumpur
    1645 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Aetna (2.2K8) IJtoiT'T (2 918 2.565) JUcmh (1.8ZB) (1) 1.85 Bala
    1,645 words
  • Article, Illustration
    Buyers show selective interest in lower liners
    605 10 CHEAPER itoeki la the MfMd *****— BMVed lit* the trading spotlight sa the Stock Exchange af a TP** yesterday. Traders aad lavestors, ucertaii sf the general market tread at this peiat, thas shifted atteatlea to stocks »hifh appeared to have liwer dowaside risk.
    605 words
  • Article
    Kuala Lumpur stocks end on a steady note
    464 10 A LATE burst of speculative buying interest took the Kuala Lumpur stock market to a steady finish yesterday. Lower liners attracted the bulk of buying support during the late afternoon rally and a number of these shares closed with fairly sharp gains.
    464 words
  • LATEST RESULTS
    • Article
      BEDFORD Plantations Bhd:
      31 10 Unaudited 1978 net profit M 5280,638 ($205,365). First and final dividend 30 per cent gross (25 per cent), payable on May 3 to shareholders registered on April 26.
      31 words
    • Article
      SYNTHETIC Resins (Malaysia) Bhd
      119 10 has disclosed its financial results for the six months ended Dec 31,1978. After-tax profit was M 5751,905 ($90,358) on a turnover of $9.58 million ($7.13 million). Although the company feels that a reasonable profit has been made, it will not declare any interim dividend owing to
      119 words
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  • COMPANY NEWS
    • Article
      MALAYSIAN HOTELS STILL ENJOY PROFIT UPTREND
      1845 11  -  By TAN SIOK CHOO SINCE 1977, occupancy rates for almost all major hotels in Peninsular Malaysia have been on the increase with every indication that they will do better this year. From the hotel industry's point of view, the MAS strike could not have
      1,845 words
    • Article
      DIVIDENDS ANNOUNCED
      628 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Sel Nut 10% I Feb 28 Mar 10 Mar 31 10% 25% T Cement 7.5% I Mar 7 Mar 19 Mar 31 7.5% 17.5% T Cement Pref 7.5% 1 Mar 7 Mar
      628 words
    • Article
      SCRIP ISSUE
      188 11 Company Particular* Ex Date Book* Close Nat Iron Bonus Issue of 1 for 2 Mar 22 Mar 29 1) B S Rights Issue of 1 lor 4 Keck Seng $130 per share Mar 27 Apr 3 Bonus Issue or I for 5 Apr 4 Apr 17 Dun lop
      188 words
    • Article, Illustration
      Bandar Raya buys land for $3.6 m
      638 11 BANDAR Raya Developments is buying two pieces of land for $3,648 million to be satisfied by the issue of 2.606 million Bandar Raya shares valued at $1.40 each. The company says it has agreed to accept the offer by Malaysian Multi-Purpose Cooperative Society
      638 words
    • Article
      Lock icon Creditable timing?
      291 11 w HOCK LOCK SIEW HEBE'S 80ME good am for sharebalder* Matoyaa Credit. The property devetoper ku Jut saaeaaeed aa laterlm dlvldead of 5 per eeat Its lint siaee lfW whea a grass ptymeat af U per eeat wu made. Oa the face of It, it oeemo aa if
      HOCK LOCK SIEW  -  291 words
    • Article
      PREMIUM Holdings
      144 11 in reply to the KLSE on its acquisition of Yardstick Holdings by its subsidiary, Tumbuk Estate, says that the property belonging to Yardstick Holdings was valued for $11,157,500. This valuation less the liability of $6 million due to the original lessor leaves a balance of $5,157,500, which forms
      144 words
    • Article
      SIN Heng Chan (M) Bhd,
      126 11 in reply to queries pos6S ;by the KLSE, said that Sin Heng Chan (ButterwQtth) Sdn Bhd was incorporated on June 20, 1975. Its main objective Ts to carry on the business of manufacturing animal, poultry and livestock foodstuffs and feed. The present directors of Sin
      126 words
    • Article
      PACIFIC Development Credit Bhd
      76 11 has informed the Kuala Lumpur Stock Exchange that it has sold 2,500 ordinary shares of $1 each from its holding of 5.500 shares in Development Underwriting Agencies Sdn Bhd (DUA), to Mr Tan Soo San for $2,500 cash. Prior to this transaction, Pacific Development Credit owned
      76 words
    • Article
      CENTRAL Sugars Bhd
      83 11 in- formed the Kuala Lumpur Stock Exchange that Mr V.L. Kandan has resigned as a director of the company. The board of directors has fixed the extraordinary general meeting at 11 am on Tuesday, May 15, 1979, at the registered office. The meeting is called to confirm
      83 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      317 11 kp LA v*o, 'Probably the best espionage novel ever written.' Richard H Groweld, UPI 'A major literery event... a marvaltout tele of spies and intrigue spun with intricate skill by a master story-teller. A must.' pla YBOY 'As fine a novel as he has ever written concise, ironic, acutely observant
      317 words
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  • Article
    RHINO TO BUILD FACTORY IN INDONESIA
    142 12 A FAST expanding local office equipment miniMitair is embrUig 011 technical wlrtwiMwi pnpMßine with u Intoiiiß partner in SaraKUm Industries will MM a $1 million factory to be owned aad ran by the Indonesians, said the hM issue of The Singapore Manufacturer, a bimonthly
    142 words
  • Article
    Malaysia to lease satellite facilities
    73 12 MALAYSIA'S Minister of Energy, Post and Telecommunications Leo Moggie yesterday discussed his country's plan to lease Indonesian domestic communications satellite facilities with Indonesian Communications officials. The Malaysian minister arrived in Jakarta on Tuesday for a three-day visit to study how the satellite can improve Malaysia's
    73 words
  • Article
    Lock icon Another oil price rise 'inevitable' in June if...
    551 12 AFP Reuter A NEW oil price rise is "inevitable" in June if industrialised countries do not rapidly and considerably reduce Consumption, said Saudi Oil Minister Sheikh Zaki Yamani. He was speaking after the Organisation of Petroleum Exporting Countries (Opec) had decided in
    AFP; Reuter  -  551 words
  • Article
    Asean talks on petrol-sharing
    94 12 OIL officials from Asean met yesterday in Manila for talks that will include establishment of a petroleum-sharing scheme for the five-member organisation. Under the scheme, to be discussed by the Asean Council on Petroleum, the net-exporting countries Malaysia and Indonesia would set aside part of their
    94 words
  • Article
    JOINT CANS VENTURE
    60 12 SAN MIGUEL Brewery Ltd said it set up a joint venture in Hongkong with Metal Box Co Ltd to manufacture primarily cans for the Hongkong beer and soft drinks market. The joint venture, Metal Box Hongkong Ltd, has an issued capital of HK$5.9l million (552.58 million), owned
    60 words
  • Article, Illustration
    Lock icon Opec ensures fair prices for the poor
    285 12 Reuter AFP THE OrgmoisattM af Petnleim Exporting Ctaitrles M TitMUy tenk steps to ensure that develeping cans tries will receive toe crude ell ttey need at prices consistent wlto these set by Opee. The flul stotemeat «f toe Opee conference to Geneva said
    Reuter; AFP; Source: UPI photo  -  285 words
  • Article
    Lock icon Indonesians go slow in bid for 50pc raises
    351 12 Reuter INDONESIAN employees at various foreign-financed companies have started goslow actions and demanded up to 50-per cent salary increases to compensate for the devaluation of the rupiah. Several foreign banks in Jakarta and at least two joint venture companies have been affected
    Reuter  -  351 words
  • Article
    LONDON STOCKS
    833 12 LONDON, Wed. Share prices closed below the day's highs ahead of the no confidence vote in parliament this evening, but dealers said the undertone remained firm due to hopes of an early general elections. Leading shares closed with net rises of up to Bp, but most grains were
    833 words
  • Article
    Lock icon Hongkong dollar stages a rally to close firm
    207 12 Reuter THE HONGKONG dollar, apparently bolstered by government expressions of support, steadied yesterday after two days of gloom and despondency on the colony's foreign exchange market. On Tuesday night, a Hongkong government spokesman said the dollar's sharp fall is not justified by
    Reuter  -  207 words
  • Article
    Lock icon Air fares all set to take off
    270 12 UPI GLOBAL passenger air fares and freight rate Increases are "almost certain" to be agreed by the world airlines as they attend a three-day conference yesterday, the International Air Transport Association said. The conference was convened at the airlines' request by lata directorgeneral,
    UPI  -  270 words
  • Article
    Sunny weather ahead for wheat
    452 12 THE WORLD outlook for wheat promises to be extremely interesting for growers, marketing people and consumers. This view was expressed by Mr Don Novotny, director of the grain and feed division of the Foreign Agricultural Service of the United States Department of Agriculture (FAS/USDA). He
    452 words
  • Article
    Danger of system that runs down slow learners
    539 12 IN PARLIAMENT MR PONG Sip Chee (Kampong Chai Chee) yesterday questioned "the deliberate running down" of slower pupils in the proposed streaming of pupils. "I have always maintained that an education system must be applicable to all. All pupils must undergo the
    539 words
  • Article
    Surprise over team's approach
    187 12 THE MEMBER for Buona Vista professed surprise that since the study team frankly disclaimed any professional expertise in education it has not considered it necessary to obtain an assessment from professionals to see whether the recommended system can achieve its objectives. Dr Ang Kok Peng also
    187 words
  • Article
    Ministry told: get organised
    154 12 THE ORGANISATIONAL effectiveness of the Ministry of Education should be improved first as a matter of priority, said Mr Hwang Soo Jin, the Member for Jalan Kayu.. "Strong leadership at the top is obviously vital. Be it at the formulation or implementation stage, there must be
    154 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      3 12 Leader ...Page 6
      3 words
    • Advertisement
      Page 12 Advertisements Column 2
      214 12 Now. you too can invest in diamonds atdealers'prices. We represent the major diamond supplier to banks in Europe. w m r INSIST ON SAFEGUARDS Of QUALITY AND PRICE diamondsare m Addition: (For our clients only) certified by laboratories recommended by banks "eyular information on A wond-renowned institution ensures envelopments m
      214 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      62 12 IWEATHER: c-—-= a Outlook for Singapore from 6 a.m. to noon today: Isolated showers around midday Report for 24 prior to 7.31 p.m. on March 28 at the airport. Maximum temperature 32.7 Associated humidity 61 Minimum temperature 23.8 Associated humidity 100 Hours of sunshine 7.75 Rainfall in millimetres 2.8 Total
      62 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Bunker surcharge set
        85 13 Reuter A 3.57 per cent bunker surcharge will apply for cargo carried by lines serving the Australia/East Coast North America trade, with one exception, effective April 23, the Australian/Eastern USA and Australia/Eastern Canada shipping conferences announced. The exception is the Refrigerated Express Lines (Australasia) Pt. Ltd which
        Reuter  -  85 words
      • Article
        Lock icon Nigerian regulations
        98 13 AFP THE latest regulations governing pre-shipment inspection procedure for Nigerian cargo were explained to some 100 Hongkong shippers and exporters at a forum which ended in Hongkong on Tuesday. It was held by the East-Asia/West Africa (Nigeria/Senegal range) freight conference which comprises nine major shipping lines providing regular
        AFP  -  98 words
      • Article
        Lock icon French strike
        44 13 Reuter THE French National Ports and Docks Federation said it will call on its members to strike today because of refusal by the Ministry of Transport and the National Industry and Maintenance union to fulfil dockers' claims for better working conditions. Reuter
        Reuter  -  44 words
    • Article
      Norway builders find going heavy
      740 13  -  TURNING TO OFFSHORE WORK By RAHIM KASSIM THE NORWEGIAN shipping industry, which has been in the forefront of the international maritime scene, is faring as well as can be expected under the present state of affairs. Ships continue to be laid up, several shipping companies
      740 words
    • Article
      Lock icon London freight market
      143 13 UPI U8 ud Argentine grain fixing to Japan provided m«et of Ike single voyage business, while timechartering demonstrated a strong trend towards pertod booking. The US Golf-Japan grain rate held fully steady at U5515.75 (S$S3) (FIO) for a 51, tit-ton early April shipment aboard the Jnrllla. River
      UPI  -  143 words
    • Article
      Lock icon Financing for ships
      397 13 Reuter IT IS NOW generally accepted that the shipping crisis has bottomed out, at any rate as far as the bulk markets are concerned, but there is still no room for ship-building complacency. Ham bras Bank director Otto Norland said. He said countries should not be tempted
      Reuter  -  397 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3731 17 BCHEDW.E 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
      3,731 words
    • Article
      INDEX
      508 17 Skipping Line Page CM ACS n 5 Afea IV 3 Alpac IV 5 Angkutan IV 4 ANL i 1 APL ra 2 Arya Nat n 5 ASCL m 5 Asia Merchant IV 3 Atlantic V 3 Aust.Cont IV 5 Bank n 5 Batam n 2 BBS n 2 Ben
      508 words
    • Article
      Container Schedules
      1040 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
      1,040 words
    • Article
      Who acts for whom
      898 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Unipacific. Alpac Line—lntrasea. Anhsing Line— Strongwill. Angkutan
      898 words
    • Article
      Asean ports show signs of recovery
      694 18 THE MARKET is very active. There have been many time-charter, sale and purchase inquiries. Fixtures are being made generally at rates 5 to 10 per cent higher than last week reflecting increased bunker costs. Some freight rates have increased 55 per cent during the
      694 words
    • Article
      Lock icon Japan, S. Korea nearer exploration accord
      509 18 FT JAPAN and South Korea have reached a compromise which brings them a step nearer implementing longdelayed plans for joint exploration of offshore oil and natural gas on the continental shelf lying between them. The two countries first agreed to joint development of the
      FT  -  509 words
    • Article, Illustration
      SHIPS IN PORT
      509 18 EXPECTED I ARRIVALS TODAY 1 KEPPEL WHARVES KEPPEL WHARVESBontang (1830 tide after African Phoenix) 27/28 Cape Horn (1500 after Luke Lu hauls Bulk Wheat) 8/9 Kobe Berani (0700 after Kota Melati) 10/11 1 Luke Lu (1100 hauls 10m West) 6/7 Manoloeverett (1000) 29/30 Melampus (1500 after Sudga)
      509 words
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      Page 13 Advertisements Column 1
      366 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pie Ud Tel 9265' Harrisons i Crosfield Kuala Lumpur Tel: MMfirt Pernas- MISC Penang Tel ***** «9> A K DIM W I AH FULLY CONTAMERISED SERVICE TO EUROPE (VIA SUEZ) InMNiai r ta 1 h,o t d4m H-bu,
      366 words
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      324 13 JSI SEALORD ANTAH llv UASC UNITED ARAB SHIPPING CO (SAG) ■■ARABIAN GULF WEEKLY SERVICE! S pore Loading for Bti Al MOAT Dammam (26/4). Muscat (29/4). Kuwait (2/5) Basrah (5/5) Dammam (30/4). Doha (2/5), Kuwait (5/5) Shuaiba (9/5), Dubai (14/5) Dammam (30/4) Dammam (13/5). Kuwait (16/5). Doha (19/5) Dammam (20/5). Dubai
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      Page 13 Advertisements Column 3
      400 13 NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES. FAR-EAST/EUROPE Y CONTAINERISED SER 111 M 3 0, ttSMKHM Tr. *c <**• c pah 12 Z i nnrn. cuon "2, HK CONTAPtR '2* KUCATOS P l 1 *11 Cm* S'p*re Ommt Tmm Mm Kc«ptn( cvp to/Ha 1 f Mar* f stone Havre It
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      Page 13 Advertisements Column 4
      770 13 SHOFUKU LINE Full Container Service Straits Taiwan •.Japan See Page IV Column 3 for Soilings S Pf'Rf AGf VI SHOFUKU AC.f NCIES (St PTE LTD 701 f 10(!B OK AN Hull,ll S(, SIN>.APO«f 1 VARKITIN -J, i;; 1 i GINIRAI S'3Ul ,11 LINES* TliM "S .'SSoN A B CAfISH'P CASK
      770 words
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      712 14 FU.LT CONTAWERSCD TO EWOPC CarMtaa Bar EXPRESS CONVENTKMAL TO EUROPE S part PJttfaat Pm Mm Gmm Nte| Bnmm Ua Imhmp Mm I*/* 16/* 19/4 lb/5 24/5 22/5 19/5 17/5 NMMNmm 30/4 1/5 4/5 73/5 9/1 7/6 4/6 2/6 FUUT CONTMNERBED TO GENOA/TRESTE Vp«t P. Mm| (mi Timt* Mamma Eiprru h
      712 words
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      Page 14 Advertisements Column 2
      274 14 J E3ElfcSh3l Los Anfflts Sjn Ffjnasc© m Sunbjw* Sben|i Lot mjite Sm Frmcsct J-10/5 23-24/5 11-12/5 I 25-28/5 liu/f < w i/wz UPRFSS ARABIAN ASDIRANIAIKPORTSI SEM-CONTMNER SERVICE (HEAVY-UFT CAPACITY 200 TONS) T«: DUBAJ, DAMMAM, KUWAIT, ABU DHABI. BAHRMN. BANDAR SHAWOUR TARONGA Voy 14A Singapore Apr 2/3 TEOS 1A Singapore Apr
      274 words
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      Page 14 Advertisements Column 3
      620 14 EVERGREEN LINE r AR FAST fUROPt [XPRfSS FUU CONTAINER SfRVICF 1 ACCEPTMG CARGO FOR: HAMBURG FELIXSTOWE ROTTERDAM ANTWERP LE HAVRE ALSO ACCEPTMG CARGO FOR UMTEO KMGOOM SOUTHAMPTON. LONDON MANCHESTER. BWMMGHAM. BRISTOL LIVERPOOL. GLASGOW. LEEDS WEST GERMANY MEMERtUVtN HOLLAND AMSTERDAM S'PM Hiw*m f auw lattwtaa Mw| U Nam E«r*U at* It
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      Page 14 Advertisements Column 4
      962 14 Everett Lines "BURMESE NATIONAL LINE HPT/211 a/ai B f S S.C Agans m Malaysia TEPS MALAYSIA-, Port Kaiang Tal I3BJ 7366 Panang Tal *****/***** Nmndoa Ifrnili—U< S. A. C.I.F. "ARGENtINE NATIONAL LINE" "CHILEAN NATIONAL LINE" FM USI/OU. TOW, ECUADOR MB HLNM SEMCE •m cm Baoafh M af M«" lOAOWC FOR
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      Page 14 Advertisements Column 5
      723 14 mo.s.E.^ OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHE NTON WAV MISTR! ROAD SINGAPORF 2 Tft 220! 14 4 7S. *****70 13! SANKYO LINE AUSTRALIA SERVICE P. Kaiant Satjapora Loath AMY BREEZE MAY SKY TMUR STAR LOGQTK ACE. In tart SjM STD. MEL 1/3 Apr
      723 words
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      878 15 QCL Overseas Containers Limited TO UK/COWTIOIT: Hongkong ti«>Ks Tokyo Bay dtKMao Inerpool Say Rurama Maru CONTMNERSHT SERVICE FROM UN/CONTMENT Hbvrg Bieai Ida. <*1 SaM bM C*<*» b, M SjAaa Sated SIM PMUnf Spore Nail Pate: t**nn» Sated bM UN SjM M Nor IK. U. BU Cjtd*j»«»y SjM SjM SjM SjM
      878 words
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      Page 15 Advertisements Column 2
      1041 15 GRANARD LINE RELIABLE ft DEPEMMOLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EA3TMEDITERRANEAN Spn PKttan fmum Utdkv lm MVNAN MUM 2 Apr P.SaM/Ateuadra/ Bwut Lnwssof Istanbul M.V SMIOS rtOOKSS t-Wi 11 Alk 14 in 71 Aar B L f A MV MM MNC V.2CW.. AU «SStLS ACCETTNG CONTAIN CARGO 14 Apr 21
      1,041 words
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      816 15 urn BEN LINE CONTAINERS EXPRESS COTTMO SERVICE TO/FROM EUROPE Car4«aißay InuHn ImrpaM Bay 4/5 Iwm 14/5 Immm Mm 15/5 EROMEWMPt HBURG 8 HAVEN W Germany Aastru C*y «i [**nk SirM SjM CjrAfan Bay Sj4ed bM lM|i Mar* M SM OufcJ I*| SJM SJM HBURC B HAVEN ketaat Ml Gcraaay Aastria
      816 words
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      Page 15 Advertisements Column 4
      467 15 Scan Dutch V WEEKLY EXPtESS CONTAINER SERVICF urn 1) Nseto 7) Mm 3) 17/4 21/4 24/4 S/4 la «/s Irt IVS IVS nn lvs nn an vn nn v% [VJL 1) C to| h Ktor l« 4) Ita S) IM() M faM kPvt 34/3 to. o*. HMt 2) Cm 21/4
      467 words
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      Page 15 Advertisements Column 5
      586 15 V BOUSTEAD SHIPPING AGENCIES THE BAMK LINE LTD eonanumk owtan. Et pi CdMrltnmi LOADS FOR E. I S. AFRICA Spot* Cd» 38 3! M.I'P Ma* Apr fROM f AS! t MXJIH AfHCA lOR BANGKOK MAN* A Perm* P Ketang S 9 A»x S pofr 10 /14 Apr U.S. GULF COAST
      586 words
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      Page 16 Advertisements Column 1
      806 16 > K line KAWASAKI KISEN KAISHA. LTD. TO EUROPE 0 RESEARCHER 6W N CORAL 12W c Pftu. isw h nun. u* Ctton i3w tKeeping cipn to Scandbiana ni Haatowg) FROM EUROPE TO FAR EAST Vnseh cjl Iftart Br«nw. 14am. A'wp art Le Hawe) AGENTS S PORE NEPTUNE AGENCIES PTE LTD
      806 words
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      Page 16 Advertisements Column 2
      709 16 U.S.A./EAST CANADA SERVICE acceftbk ra/ia contaros from pomng. t nans, store lu*h hr rem rm. Norfolk Penang IMw P Mang Singapore E C. GREAT LAKES SERVICE IOWWK FOR: NEW TOM. NORFOLK. BALTMKME. ntWlMt. MONTREAL TORONTO MHMCMi nucntr t/tmr »/u m, 11/13 May CALIFORNIA/PACIFIC NORTH WEST SERVICE lu*( tar LOS AKELES.
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      Page 16 Advertisements Column 3
      583 16 r H A(ir<mi> SINGAPORE SHIPPING AGENCIES PTE LTD C'" '.OON OCI AN Bull o<*G Si*GAPu»* 1 VABKfcTiNG (3 UNtSi Gt NE RA. 9'J'" ill .iW S) TEIE" «S .'4S9S «S ?SSt>B A B CARSM.F M C AB.t CAHGOSMtP V& V/V 'WW/ ISI.AWS /Nt. SENANC SMI KUSU 51 AM) Spw nn/nibi
      583 words
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      Page 16 Advertisements Column 4
      799 16 w, INTfHHATKHAI SHIPPING CO*PO*ATfON Bem*AD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA IKSTBOWP: F mtm *P Kctwi vess* 2) Rdam 3) Htw>| 4) Gte.r t DKCT CAU AT P MIANG Mm Accepting For 1) Barcelona Genoa 2) Amsterdam Antwerp. I Havre. Bdbao. Basic. UK. 3) Br« Bmwftaim Aartws. Copenliafen HMsmki 4)
      799 words
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      Page 16 Advertisements Column 5
      832 16 IN7RASEA (PTE) LTD Faber House 234E Orchard RoacJ Singapore 9 Telephone *****11 *****57" «ai« sob/fuu coNiwn service to europe Spore P Aatog Penang Lm** tar b TOWN Mil faM kM jUmm/Aattrp/A /It nil MS (Cm* 9*) h Pwt RotterOanv Haatbirri T< NOOA9A MM 22 Ap 24 *P Hant4tmihltwrt Aw Agoo*
      832 words
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      359 17 NIGERIAN NATIONAL SHIPPING LINE NNSLFAR EAST/WEST AFRICA Singapore RIVER JIMINI 24/25 April (built 1979) for LAGOS ETA 17 May Pt HARCOURT ETA 25 May Douala ETA 28 May Tama ETA 30 May Abidjan ETA 2 Juna (accepting braakbulk/containera) agents BOUSTEAD SHIPPING AGENCES Tel: S'pore *****4 (Soles: *****5/*****5) K.L. *****1 •ITCHMIIMM.
      359 words
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