The Business Times, 4 January 1979
1979-01-04
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The Business Times
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Title Section11 1979-01-04 1 BUSINESS TIMES M.C.(P) No. m/ 1/19 THURSDAY, JANUARY 4,1979 50 CENTS11 words
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BRIEFLY...
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Article85 1979-01-04 1 UPI TEHERAN, Wed. Iran's parliament today passed a "vote of intent" to approve the formation of a civil government as military authorities reopened the capital's airport to flights leaving with thousands of Iranians, in addition to Americans and other foreigners. The Parliament voted 110-80 to allowUPI - 85 words
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Article56 1979-01-04 1 Reuter HONGKONG, Wed. Severe drought in eastern China's Anhui province destroyed half of the late rice crop in late 1978, because rainfall was only one-third normal and most rivers ran dry, the New China News Agency reported. It said about 300 personnel had been sent to Anhui withReuter - 56 words
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Article76 1979-01-04 1 AFP HONGKONG, Wed. The Peking People's Daily published an article demanding more authority for industrial enterprises, according to a New China News Agency report today. A major defect in China's economy until now has been the lack of authority for the enterprises. This has restrained their initiativeAFP - 76 words
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Article66 1979-01-04 1 US rallies in Europe AP LONDON, Wed. Intervention by government banks rallied the US dollar on European foreign exchanges this morning. Gold prices declined in the afternoon to U*****.60 per ounce from $226.80 at yesterday afternoon's fixing. Everybody thought the dollar would fall in the new year so that isAP - 66 words
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Article55 1979-01-04 1 Reuter DUESSELDORF, Wed. West Germany's steel strike spread today, bringing the number of workers idle to 100,000. The Volkswagen motor company said production in its six plants was threatened by the strike, now in its sixth week. It told its workers they might have to go onReuter - 55 words
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Article50 1979-01-04 1 PARIS, Wed. Informality will be the hallmark of the two-day seaside resort summit for which the "big four" western leaders will arrive tomorrow on the French Caribbean island of Guadeloupe. The host, French President Valery Giscard d'Estaing is scheduled to arrive first at about 3.30 p.m.50 words
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Article80 1979-01-04 1 AP NEW YORK, Wed. The stock market rose sharply this morning. The Dow Jones average of 30 industrials climbed 6.49 to 817.91 in the first half hour. Gainers took a 5 to 1 lead over losers in the broad tally of New York Stock Exchangelisted issues. The dollarAP - 80 words
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Chief Price Changes
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Article127 1979-01-04 1 Rises Most Active Berjuntal 680 30 F Merlin Magnum Corpn 380 22 1.313,000 Dunlop Est 360 8 S Darby 604,000 Y H S 326 City Dev 438,000 O C B C C C 780 520 5 5 H Par 65,000 T Harbour 245 5 Total Turnover: 3.15m127 words
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Article, Illustration149 1979-01-04 1 Rises Most Active Toshiba Hotel Msia Magnum Sg Besi OCBC A Amal Alcom A Ent Gentings S Trading Inch KK Taiam Sthn Kinta Castlefield 446 250 394 640 800 482 190 290 320 585 Falls 450 190 590 1000 66 25 20 15 15 12 10 10149 words
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Article697 1979-01-04 1 FONG MEW LENG - BOOSTING INTRA-ASEAN TRADE By FONG MEW LENG ELECTRICAL and electronics manufacturers in Asean have asked for deeper tariff cuts to boost trade of selected electrical products in the region. The newly-formed industry club, the Asean Federation of Electrical/ Electronics and Allied Industries (AFEA), has asked697 words
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Article217 1979-01-04 1 SINGAPORE businessmen have been asked to play their part in the development of Asean commodity clubs. The call came during a talk given by Mr Roderick Mac Lean, executive director of the Singapore International Chamber of Commerce at a Rotary Club lunch yesterday. Mr Mac217 words
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Article, Illustration330 1979-01-04 1 RONNIE LIM - By RONNIE LIM SINGAPORE'S external trade last November was $4-9 billion, up 2.4 per cent from October, and 22.2 per cent higher than November 1977. The trade deficit also narrowed to $591.6 million near the close of the year, from $803.8 million the previous month.330 words
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Article23 1979-01-04 1 KRUGERRAND sales hit 584,431 coins last month compared with 921,396 in November and 613,110 in December, 1977, the International Gold Corporation announced.23 words
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264 1979-01-04 1 AFP PROTRACTED air talks between Malaysia aad Btagaps«, •a Taesday, have beta pntpoei to aezt awtk. A ■jilnwi af the Malayaiaa Mlalstry of Trampert aaM the dato tor the wreath raaad at talks had yet to he Used. The pirtnaiiaiiat vacAFP - 264 words
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497 1979-01-04 1 JOHN LIM - By JOHN LIM CONTINENTAL Motors has lost the franchise to sell BMW vehicles in Singapore to Sime Darby. It is believed that disagreement between Continental and BMW in Germany resulted in the non-renewal of the agency contract which expired at the end of497 words
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Page 1 Advertisements
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Advertisement8 1979-01-04 1 Aii.'" that puis no punches. SEE BACK PAGE8 words
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Advertisement8 1979-01-04 1 TEACHER'S ROYAL HIGHLAND 12 YEAR OLD SCOTCH WHISKY8 words
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Advertisement78 1979-01-04 1 SHIPPING TIMES ROLE «f Media Bastoess elarl- cms nwklig abrea* 5 IM i BANK la Sheik Mam tor wmdn CALL ii KL to re-evataato to- —ly 7 veatoMt toceatlve psflcy S GUTHRIE Repel to merge with MTN talks n mem wrUmUe Kampalaa Temiaag 11 preeeremeet cede HONG Leeag iMilm ageacy78 words
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Advertisement18 1979-01-04 1 BANK \JNLKJ SAFE DEPOSTT SAFE AKAI •3 I I W»V*>3S!^ M M V ,*A r* rrn a AKAI18 words
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TRADE AND INDUSTRY
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190 1979-01-04 2 UPI REVLON of the United States, Shiseido of Japan and other well-known cosmetics manufacturers are likely to form joint ventures with South Korean counterparts during 1979, business sources in Seoul said yesterday. A government decision last month allowing foreign equity investment inUPI - 190 words
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778 1979-01-04 2 TSANG SAU YIN - By TSANG SAU YIN THE MEDIA Business from Jan 1 will only be involved in buying and planning all the media for the two other agencies Kenyon and Eckhardt, and Grant Advertising in the Grant Kenyon and Eckhardt group. It will also place778 words
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Article, Illustration603 1979-01-04 2 THE GENERAL manager of Dunlop Singapore Sdn Bhd, Mr Edmaad P. K. Wwg, is retiring after 25 years of service. Mr Wong, a BA (Hons) graduate from the University of Malaya in Singapore, joined the company in 1954 as a management trainee. He became the first Singaporean603 words
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Article149 1979-01-04 2 THE SINGAPORE Cultural Foundation has received another 1160,000 in donations, bringing the total received so far to $560,000. The Singapore Turf Club and Shaw Foundation were the latest major donors. Each contributed 150,000. Other donors include the Chartered Industries with $30,000, National Iron and Steel Mills149 words
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Article62 1979-01-04 2 AP MORE THAN 16,500 cattle have been destroyed by authorities since an outbreak of hoof and mouth disease in the areas bordering southern Thailand in October last year, The government has paid about US$l.75 million (553.9 million) in compensation to those whose cattle have been destroyedAP - 62 words
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Article, Illustration454 1979-01-04 2 All ALONE have Itag beea rrriftaiii by M—l—w the world «ver as mm sf the flaest feeds )MM, sftea relactaatly, by the m. Abtltae fetch neb high prices that dlver» risk their ttvee gatheriag them from the leahei la AutnOi ap to 2M diven454 words
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Article203 1979-01-04 2 CHINA aad the United States have scheduled trade talks in Washington from Jan 22, the White House announced on Tuesday. The talks are a continuation of discussions on textile trade which began in August. Both nations are attempting to establish an orderly growth pattern for Chinese textile203 words
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393 1979-01-04 2 SINGAPORE received as many visitors by air and sea (or the first 10 months of last year as it did for the whole of 1977. Statistics from the Singapore Tourist Promotion Board show that for the first 10 months of last year, visitor393 words
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Article75 1979-01-04 2 Reuter THE THAI Bankers' Amidatiio has submitted a prspss ai to the Bank sf Thailand that hnnks be allowed to latrodaee certificates «f deposit, ssnrees snid. The Intredaetton sI CDs wwdd Increase the liquidity of the existing market for short term lands which em fences Interbank callReuter - 75 words
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447 1979-01-04 2 A LEADING research organisation for the classification of industrial products and services has set up its Asian holding company in Singapore to spearhead its expansion into the region. Kompass South East Asia, which will have a paid-up capital of $2.5 million, has been set447 words
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296 1979-01-04 2 UPI PHILIPPINE economic growth slowed in 1978 to 5.8 per cent from the 6.3 per cent of 1977 because of a nearly 10 billion peso (553.2 billion) trade deficit and reduced agricultural production. A Philippine National and Economic and Development AuthorityUPI - 296 words
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250 1979-01-04 3 TIMBER firms in Peninsular Malaysia are looking towards Indonesia, Sabah and Sarawak for logs to meet the current shortage in the timber industry. Sources said many timber exporting and importing firms are making preparations to acquire logs from these places in the wake of250 words
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Article131 1979-01-04 3 Reuter AFP THE INDONESIAN stateowned oil company, Pertamina, announced increases in the prices of seven of its 21 oil products, in line with the decision by Opec to raise prices by a total of 14.5 per cent. Pertamina's marker crude, Minas or Sumatra Light crude, is raised toReuter; AFP - 131 words
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Article376 1979-01-04 3 COURSES AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, srrc Jan 6: Dynamics of communication and growth workshop, Hyatt Hotel, Dr Dale Bailey Jan 6, 13 20: The Effective Secretary, SIM conference room, Mr Tan Teck Huat Jan 8-19: Personal and company376 words
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Article, Illustration261 1979-01-04 3 SEVERAL electorates factories In the Bayaa Lepta free trade aeae la Peaaag will reerah mere workers this year to cope with expaodlag orders. The pteaeer statu factories, which maaafactare meetly electorate components fer expert, have reported a sobstaatlal lacreaee la domestic demaad fer their prodaeto. Advaaced261 words
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Article, Illustration344 1979-01-04 3 AS A HUMBLE clerk in an accounting firm, Mr Patrick Lee, 17, vowed to reach the top of the accounting profession. Eighteen years later, Mr Lee, now 35, has become the first Singaporean to qualify for the prestigious award of the Joint Diploma344 words
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210 1979-01-04 3 ONE OF Australia's leading construction groups, Transfield Pte. Ltd., has completed a M 13.062.500 contract awarded in March last year by the Malaysian Telecommunications Department. The order called for the design, fabrication and supply of 40 self-supporting, steel radio towers. The towers were made in various210 words
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Article50 1979-01-04 3 THE MALAYSIAN government plans to recruit about 50 foreign doctors this month to overcome a shortage of doctors and specialists in the country. Deputy Health Minister Dr Sulaiman Daud said on Tuesday that an official team will visit several countries including Indonesia and Burma to interview prospective employees.,50 words
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500 1979-01-04 3 THERE is a need to reevaluate Malaysia's liberal investment incentives as they have not only (ailed to achieve the objectives of the government, but have also produced certain "undesirable results", an Unctad V seminar was told on Tuesday. These incentives, which provide various forms500 words
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75 1979-01-04 3 THIRTY-EIGHT countries are participating in the Seventh International Film Festival of India starting yesterday in New Delhi. A total of SO films were entered in competition for awards in the two-week festival held every two years. They include American Paul Mazursky's box-office hit "An75 words
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310 1979-01-04 3 AFP MANILA'S Business Day newspaper reported yesterday the Philippine National Bank will open an offshore unit in Singapore this year. It also reported Hongkong monetary authorities have approved an application of the government-owned commercial bank to set up a subsidiary merchant bank in theAFP - 310 words
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247 1979-01-04 3 ASEAN < preelade hTTTu. toterea*T"are IgMwi when AiitnlU Initiates tta aehama for lew-lire air travel to Etrape aa Feb. 1. This was stated la Kaaia Lam par by Mr MaM Near Haasaa, to toa capacity as ehairmaa af the Aaeaa Canunlttee247 words
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Page 2 Advertisements
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Advertisement102 1979-01-04 2 w n w i I |V BOOK NOW r /v; 1 Early servicing enables your Yellow Pages Representative to give you his personalised service for an effective Yellow Pages Programme. Completion of Your Booking ensures maximum attention to your advertising by Production Department. Errors unfortunately do happen and last minute102 words
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Page 2 Miscellaneous
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Miscellaneous632 1979-01-04 2 I TWO-IM-CRYPTIC PUZZLE ACROSS 4 No longer saucy, but very good (6) 7 Is usually abbreviated, and so on (8) 8 Unusual spares, not plentiful (6) 10 Native actor, possibly (5) 13 Anthea's rosy plant! (4) 14 Being German, he gives a little growl (4) 15 Mark, a digger (4)632 words
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Page 3 Advertisements
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Advertisement70 1979-01-04 3 a A\\be\o° a tAABC r OPOLO v\o^ AUGUST 1979 Featuring: Modern, fully equiped Gymnasium, Sauna. Massage. Pool and Professional Fitness Programming. Reasonable prices. Membership will be completely reciprocating with the other ten Centers in Honolulu, Tokyo, Seoul, Hong Kong, Manila and Jakarta. Entry fee: S $500. Monthly dues: S $5070 words
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Advertisement99 1979-01-04 3 One more IDD Destination: Greece Country Code 30 Charge per block of 6 seconds $0.90 Other IDD Destinations are Andorra, Australia, Bahrain, Bermuda, Canada, Cyprus, Denmark, Fiji, Finland, France, Federal Republic of Germany, Hawaii, Hong Kong, Republic of Ireland, Italy, Japan, Republic of Korea, Kuwait, Liechtenstein, Luxembourg, Monaco, Netherlands, New99 words
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RAW MATERIALS
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Article484 1979-01-04 4 THE Singapore rubber market yesterday closed quietly easier with January One RSS buyers quoted at 232.00 cents per kilo, down 2.50 cents on Tuesday's close, dealers said. The morning session finished easier with January One RSS buyers quoted at 231.50 cents per kilo, down three cents484 words
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Article435 1979-01-04 4 Prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 230.75 231 75N Int. 1 R.S.S. Jan 231.00 231.50 Int. 1 R.S.S. Feb 233.00 233.50 Int. 2 R.S.S. 230.00 231.00N UK Coot 229.00 230 00N Int. 3 R.S.S 227.00 228.00N UK Com435 words
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Article29 1979-01-04 4 Rubber Jan 3 Singapore: January: 232.00 cents (down 2.50 cents) Malaysia: January: 235.00 (down 4.00 cent) Tin: $1,821 (up $1) Official offering: 230 tonnes (down 10 tonnes)29 words
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Article314 1979-01-04 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne FOB. basis Bangkok) WMte rtn: 100 pet Ist class 330, 100 pet 2nd class 305, 100 pet 3rd class 300, 5 pet 292. 10 pet 272, 15 pet 257, 30 pet 265. 25 pet 352, 35314 words
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Article309 1979-01-04 4 TRADING IN commodities picked up slightly on the Singapore produce exchange yesterday. Traders said most markets opened with higher prices after the festive season holidays. Copra and coconut oil dealers said that prices have moved up but the market was unwinding slowly. No arrivals are expected for the309 words
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Article141 1979-01-04 4 SUGAR FUTURES trading in Hongkong was sluggish throughout yesterday, with two lots traded against one on Tuesday, dealers said. March closed at US 8.30/ 75 cents against Tuesday's 8.50/90, May at 8.40/95 against 8.62/90 and distant January at 9.30/60 against 9.30/75. Sugar futures ctoeing prices: CMig Preview (M|141 words
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Article187 1979-01-04 4 YARN and cotton In Hongkong dollars. spot ex-godown: Cattaa yara: China Blue Phoenix 20s 2.310, 32a 2.880; «Qs 3,000 (per bale of 400 lbs). Plane gaada: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying Geese unq (per piece 36187 words
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Article243 1979-01-04 4 RAW SUGAR futures opened £0.40 to £0.30 per tonne higher in a turnover of five lots in London yesterday morning. Values were marked slightly higher reflecting easier sterling but very little trading interest was seen. White sugar futures were £0.25 to £0.60 per tonne up. Turnover totalled five lots.243 words
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Article230 1979-01-04 4 COCOA futures opened £16 to £11 per tonne down with 596 lots traded in London yesterday morning. The first trade was about unchanged as forecast by dealers but commission house selling, probably influenced by charts, and long liquidation quickly saw losses of over £20 per tonne recorded. However, at230 words
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Article194 1979-01-04 4 SOYBEAN futures closed in the loss column after flirting with the session's lows late on Tuesday in Chicago. Prices settled off two to 33/4 cents a bushel, a fraction above the bottom of the relatively narrow six-cent trading range. Traders laid the weakness to local and commission house selling,194 words
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Article72 1979-01-04 4 C.I.F. North European pom. In US dollars per ton unless otherwise stated LONDON: Tues Previous Malaysian SHffa bulk per tonne February unch SlSalr March 61Salr Sumatra 5* (fa bulk January S30slr fl 27 50s 1 r M&fvl February 827-SOslr 5^>pG 82Salr March ten vyx 822-50b lr Apr/May saopd72 words
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Article630 1979-01-04 4 GOLD FUTURES in Singapore yesterday eased further in the afternoon in line with the weaker trend in Hongkong, dealers said. Opening quotations were marked down between US$2.BO and $3.60 an ounce following the overnight weakness in New York and thereafter held steady before easing in late trading. Turnover rose630 words
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Article66 1979-01-04 4 ZINC In London on Tuesday, finished the day down £2.25 for cash and £1 for three months. The afternoon market remained quiet although freer offers to lend cash widened the contango to £10 after narrowing on Friday to £8.5 on end-year operations. Three months traded at £358 on the66 words
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Article40 1979-01-04 4 LEAD in London on Tuesday gained £27 for cash and £11.5 for three months. Three months traded up to £425 during late kerb dealings. Aiding the morning advance was a further fall in stocks and seasonal battery maker demand.40 words
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Article58 1979-01-04 4 ALUMINIUM in London on Tuesday, closed down £4.5 for cash and £1.5 for three months. The afternoon market was neglected but held steady at the lower levels. During the morning, the backwardation narrowed on confirmation of an LME stock of 3075 tonnes at the end of last week. This,58 words
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Article168 1979-01-04 4 WHEAT futures posted closing losses after late export pricing proved too small to offset local and professional selling in Chicago on Tuesday. The market ended off 2-1/ 2 to 1-3/4 cents a bushel, havirig spent much of the session slightly higher due to a lack of selling. Analysts said168 words
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Article204 1979-01-04 4 THE Straits tin price in Penang yesterday rose MSI per pirul to $1,61. $121 above the International Tin Agreement ceiling, dealers Mid. Despite the continued high con~ibutioo of tin concentrates from miners and an eaaier London market on Tuesday, sentiment was supported by active European and local buying204 words
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Article267 1979-01-04 4 SILVER was down 2.0 to 1.6 pence per troy ounce in London on Tuesday. It sagged after lunch under light selling prompted by the movement in US future although short-covering later cushioned the fall. Further selling on the kerb took three months down to 301.5 pence at one stage.267 words
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MONEY AND EXCHANGES
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Article485 1979-01-04 4 THE US dollar showed substantial gains on the foreign exchange market yesterday, with dealers attributing the strengthening to support from Feds. In the local money market, there was also considerable firmness in overnight rates which soared to a high of 8.75 per cent. Against the yen, the US485 words
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Article134 1979-01-04 4 Asian rates ASIAN currency deposit Interbank rates as at close on Jan 3 U8 Dollar*(Spot) Offer Bid 7 days 12>, 12'. 1 inonUi 0«'« 10'» 2 months 11'> u>* 3 months 12 ll i 6 months 12*. 12' 9 months 125/18 12 3/18 12 months 12&/16 12 3/16 SwJr*. D»134 words
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Article51 1979-01-04 4 R»|c of prices offered by discount house* oa J« la 3: Overnight 4'.* Call deposits 4'i* CloSlBf Bsyi-f Se Iliac 3 month Treasury bills 4'* 4 3 month Bank bills 7 7/16 7 5/16 3 month CD 77/16 7 5/16 6 month CD 7*. 7 Source: National Discount Co51 words
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Article30 1979-01-04 4 FRANKFURT exchanges opening quotes yesterday: US I BM Cm 1 5B0 15M0 Si* J.SI1W on tU6® striaa/R UtUM/M FTr 41® 72 Nkr *.45/55 atrco-iJ*a* Btr On 185/95 Yn 0.015/1130 words
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Article21 1979-01-04 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7A per cent.21 words
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Article251 1979-01-04 4 THE US dollar in London yesterday opened firmer against major currencies in moderate trading, dealers said. The US currency began at 1.8210/20 marks, against Tuesday night's 1.8180/96 close, and was later quoted at 1.821/37 with dealers noting that the dollar was particularly strong against the German currency and the251 words
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Article324 1979-01-04 4 THE DOLLAR in New York on Tuesday closed well above opening levels and firmer than the previous close in relatively active but thin trading, dealers said. They said it appeared likely the unit was supported by New York Federal Reserve Bank, as well as other central banks, although324 words
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Article196 1979-01-04 4 THE US dollar in Hongkong yesterday was quoted slightly below New York's closing levels overnight against major currencies but up from its early lows in very quiet, late trading with the Tokyo market closed, dealers said. The dollar eased to a late 1.8206/15 marks from New York's 1.8220/30 close,196 words
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Article52 1979-01-04 4 AUSTRALIA/NZ exchanges quotes yesterday: US dollar l.isif 1.1471 Sterling 0 JMt 0 5*31 Ninety-day air mail b«yta« rates: Sterling O.SK3 US dollan ***** Ninety-day forward buying rates: Sterling ***** US dollan 1.1574 New Zealand Sterling 0.5358 0.5231 US dollar l.m 1.0U2 Ninety-day airman buying rates: Sterling 0 5458 US52 words
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Article43 1979-01-04 4 THE MONETARY Authority of Singapore has invited banks and discount houses to tender for a total of $20 million 91-day Treasury bills to be issued from Jan 8 to Jan 11. Each tender must not be for less than $250,000.43 words
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Article242 1979-01-04 4 COPPER wirebars in London on Tuesday lost £4 for cash and £2.5 for three months. The afternoon market gave ground under light liquidation prompted by a turnround in US futures. Three months closed the ring trading at £784 and touched £782 on the kerb. The early morning premarket was242 words
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Page 4 Advertisements
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Advertisement93 1979-01-04 4 BEI the best investment today? In Europe, more and more banks have been advising their clients to invest in diamonds for security and growth. You too can now invest in diamonds on the same terms and with the same guarantees as those accepted by banks... which only we can provide,93 words
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OVERSEAS
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386 1979-01-04 5 UPI NYT VIRGINIA'S banking commissioner hass formally recommended to the Federal Reserve Board that it turn down an application by Arab investors to set up a bank holding company to buy and operate Financial General Bankshares Inc. Financial General, which owns 13UPI; NYT - 386 words
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144 1979-01-04 5 DAILY oil consumption in the US, Europe and Japan rose last October compared with third quarter levels, the Organisation for Economic Cooperation and Development (OECD) said. US consumption rose in October to an adjusted 19.64 million barrels a day, up from 18.91 million ill the144 words
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Article67 1979-01-04 5 CONSTRUCTION spending in the United States increased at an annual rate of 1.4 per cent in November "last year, the US Commerce Department said on Tuesday, a sign that last year's building boom is continuing. Most economists expect construction, particularly housing, to trail off next year as67 words
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438 1979-01-04 5 NYT THE UNITED States and its major trading partners are close to adoption at new standards for government procurement. The standards, written in the multilateral trade liberalisation negotiations, could open to foreign suppliers billions of dollars of purchases by the United States governmentNYT - 438 words
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Article244 1979-01-04 5 AP AMERICAN taxpayers living and working abroad may be able to get special deductions on their US income tax this year, according to a list published on Tuesday by US tax authorities. Most countries do not collect taxes from their citizens who work abroad. How much theAP - 244 words
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779 1979-01-04 5 Reuter THE US dollar is expected to continue under pressure in the early months of the new year but to be higher at end-1979, according to economist and market analysts polled by Reuter. The general view is the dollar is undervalued inReuter - 779 words
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WORLD IN BRIEF
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Article544 1979-01-04 5 Agencies WORLD manufacturing output will be slowed to near stagnation at the end of this year by high interest rates and tight fiscal and monetary policies in the United States, economic forecasters said yesterday. World markets will also be affected by the low value of the dollarAgencies - 544 words
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436 1979-01-04 5 AP JAPAN, Spain and Taiwan have the best records in adding to life expectancy and teaching their citizens to read, according to a study published by the American Overseas Development Council. Mr James Grant, president of the independent organisation, is pioneeringAP - 436 words
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160 1979-01-04 5 UPI THE Ancrieu dty sf Clevelaad has ea a UBSB ndMisa (BOM faad pnymeat'aai the city will lay off M city employees, effective tomorrow, fcer»-t the city'. Ike city's Inability to W ptm+m tw* ttoa between the etty-i Mayor KaekWch and the stole AttorneyUPI - 160 words
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Article177 1979-01-04 5 UPI THE United States will ship 4.8 million tonnes of food aid commodities valued at U*****.2 million (Ssl.s billion) to 30 developing nations in fiscal 1979, the Agriculture Department said. Egypt is expected to be the major food aid recipient, with an allocation ofUPI - 177 words
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Article689 1979-01-04 5 ARRIVALS Service Local From Operator Number Time MAS MH601 0700 KUL MAS MH682 0725 KCH S1A SQ101 0815 KUL MAS MH6Z1 0B40 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL GIA GA891 1100 AMS FRA KHI GIA GA908 1100 MES PAL PRS01 1135 MNL GIA GA982689 words
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Page 5 Advertisements
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Advertisement116 1979-01-04 5 The world of chemical engineering at CHEMASIA Asian International Chemical Process Engineering Contracting Show Hyatt Convention Centre, Singapore 16-19 January 1979. ChemAsia Conference Programme The ChemAsia Conference is supported region-wide by a number of professional associations: The Instrument Society of America, Singapore Branch; The Institute of Chemical Engineers, Australia; The116 words
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304 1979-01-04 6 THE narrow-minded and short-term outlook of the Singapore businessman makes itself glaringly apparent yet again...local industrialists have failed to respond to the Economic Development Board's attempt to get them to participate in TechEx *79, the techology exchange fair to be held next month in304 words
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247 1979-01-04 6 THE XSEAN Preferential Trading Arrangements are negotiated by governments but their impact is felt by the private sector. Now, for the first time, a specific Asean industry club has come forward to demand deeper cuts in the system. Although private businessmen are well known247 words
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Article, Illustration1914 1979-01-04 6 HENRY CHANG - HEALTHY RATE OF EXPANSION SEEN IN 1978 ECONOMICALLY, the year 1978 hasn't been at all distressing for Malaysia. In fact, it has been rather good. But year-end saw no scarcity of difficulties, the most profound of which was the Opec decision1,914 words
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Page 6 Advertisements
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Advertisement122 1979-01-04 6 <uy£ kJL 00 Hotel Royal-RAMAM Newton Road. Singapore 11, Republic of Singapore Telephone: *****1. Telex R*****4 Cables: HOTELROYAI 'Future Generation' Jp Adult: $81- +10% 3% Children $5/- +10% 3% C S! Indonesian set lunch daily for lovers of spicy food and our speciality IKANMA& Try our most-talked about air-flown steaks122 words
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Page 6 Miscellaneous
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Miscellaneous142 1979-01-04 6 IWEATHER THE RAINFALL for the month of December, 1978 was above average over the wboJe of Singapore. The 100-year average rainfall for December is 278 mm. The northeast monsoon is expected to strengthen over the South China Sea during the next few days and Singapore is therefore likely to be142 words
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Miscellaneous291 1979-01-04 6 SINGAPORE 5 PM Opening followed by Sherlock Homes The Case Of Lady Beryl Diary of Events (Chinese)* Home Sweet Home (Repeat)* Intermission Opening followed by What's My Line News in Brief* Outline History Of Europe (Repeat)* Rampaian Sukan (Malay)* News Addenda To The President's Speech at the Opening of Parliament291 words
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Article, Illustration801 1979-01-04 7 SOH TIANG KENG - By SOH TIANG KENG QUALITY OF LIFE, that elusive goal many nations are striving for after satisfying their batfc economic needs,'has gone up in Singapore in the *****. Singaporeans Are reaping the benefits of better education, health, social security and social services in the past decade. Even801 words
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Article, Illustration534 1979-01-04 7 THOMAS KENT - By THOMAS KENT AP NO MAN CAN put his money into the bank on Bin Zayed Street in Abu Dhabi, and a police guard will stop him if he tries. The bank on the edge of this Muslim sheikdom is for women only and inAP - 534 words
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Article380 1979-01-04 7 HERE'S a real beauty, saved from the battle-worn desk of a property consultant and entitled the "Tenants' Lament". (It may, Incidentally, be sung to the tune of "Where have all the flowers gone".) Where have all the offices gone They've beea a long time Where have380 words
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894 1979-01-04 7 Quek Peck Lim - FORUM i ...with Quek Peck Lim LAST WEEK'S statement by Finance Minister Mr Hon Sui Sen in an addendum to the Presidential Address on what his ministry intends to do with the government's portfolio of companies, raises interesting questions which could In the next894 words
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Page 7 Advertisements
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Advertisement383 1979-01-04 7 y. .VH'.V. W? Y I f c Lrfe up your life at Vanda ■> r j #4^ I s- *x PA- > I j\i it up.it llk ih-v»l\ nm ili t i VukLi Ivii -4\lol t.« omml'H' .ukl -ih«l i Ihxiv Sik. .it «K. ilti <«n ivsnlmt »hm George David383 words
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Page 7 Miscellaneous
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Miscellaneous40 1979-01-04 7 jcx*es—G>oess ljhpo"? p» KID P>BOUT 1 TO UEPiVC SCHOOL VOfNNTS Pk JOG) AS P* SOWING OJ^RIC, r NOT OfAL>/ HG. U#WS ytp uosx rt ones-leg- Pegfc/s (Me rqusT »e Vv f x i our of ms rrnislD-UHPT DOfA'T as vV^40 words
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INTERNATIONAL STOCK MARKETS
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Article339 1979-01-04 8 Source: SHK Sec Ltd. THE MARKET opened oo an extremely dull note though prices drifted upwards throughout the day. Blue chips were a spread better. Jardine M gained 10 cent to $11.60. HK Bank 10 ceo* to 116.50 and Swire A 10 cents to $7.50. The market is expectedSource: SHK Sec Ltd. - 339 words
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Article450 1979-01-04 8 THE MARKET continued to make solid advances yesterday with oil and diamond stocks, especially BHP, at the forefront, dealers said. Coal miner Thiess added 13 cents to 92.83, although turnover was light, on news of its successful J2lB million bid for the Queensland hydroelectric power project, while other coal450 words
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Article303 1979-01-04 8 THE STOCK market closed mixed with more losses than gainers and trading was moderate, dealers said. Raja Finance lost 20 batat to 1,650, First Trust dropped 10 to 508, Bangkok Investment 12 to 362, Lee Kwang Ming Trust, Siam Credit and Ayuthaya Inv. and Trust (ell 2 baht each303 words
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Article155 1979-01-04 8 PRICES closed higher with turnover rising to 18.1 million pesos yesterday from Tuesday's 10.4 million, dealers said. Gainers were Atlas Con B, Baguio Gold, Benguet Con B, Lepanto B, Mardinuque B, Basic Petroleum, Oriental B, Phil Overseas,* Seafront, and San Miguel B. The only losers were Meralco and PLOT.155 words
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Article60 1979-01-04 8 FINANCIAL TIMES INDU8TRIAL8 Tuesday 4T3.0 Monday closed Week Ago closed DOW JONE8 AVERAGE INDUSTRIALS Tuesday 811.42 Monday closed Week ago closed LONDON DOLLAR PREMIUM Tuesday 82 to 82 Vi Monday closed HJC.HANG SENG Wednesday 496.48 Tuesday 483.83 Week ago 503.10 SYDNEY INDUSTRIALS Wednesday 482.48 Tuesday 400.18 Week ago60 words
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303 1979-01-04 8 FT DALGETY has sold its Australian wine and spirits division to Seagram (Australia), a subsidiary of Seagram of Canada, which is one of the world's largest producers and marketers of distilled spirits and wines. The sale includes the Saltram, Stoneyfell and Roxton wineries in SouthFT - 303 words
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525 1979-01-04 8 EUROPEAN MARKETS FRANKFURT share prices were mostly (Inner oa Tuesday with some leading stocks gaining more tKa four marks. Dealers said Preussag added 4.50 marks, GHH 6 JO marks and Volkswagen 3.40 marks, while chemicals gained up to 2.50 marks. Mortgage banks and insurances strengthened.525 words
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Article203 1979-01-04 8 JAN 02 Dm Atf-Telerunken Akio Alls Leben Alii Vers BASF Bay H T Wtoank Bay Vbank 70.90 27 00 700.00 406 00 138.00B 301 JOB 314.00B 2J 03 -4 -4 Bayer BBC 136.70 314.00B 4-20 BMW ***** ♦4 Cassella Chem Ver* Commerxbank Conti Oumml Daimler-Bern Degussa Dem>| Deutsche Bank203 words
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Article251 1979-01-04 8 JAN 03 FT* CORBEILLE Alr-Llqutde 383 B S N Oervau Danon* 5J1 C 8 F (Thomaon383 Clc Prancalae (Set Petrole* 138 90 uompafnie Financier* lomp*jnif Oenerale Credit F oncler De France Hachette (UDralrte) Machine* Bull Mlchelln (B) 400 400 235 51 1210 t 9 Parlbai Pechlney Clflne Kuhlmtnn Peu«eot251 words
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Article181 1979-01-04 8 JAN 02 1 ru ABM J70 00 0.5 AhAM ***** 4-0 J Also ajo ♦03 AMEV M50 unch Amfti 107 00 uneh Am rot Bank KM unch si in 0J S2F" MM 0.1 70 JO -0.9 Bonumij 156.00 unch RurhmABik 71 JO 4J Bycnkorf •6 00 -O^ Calat Delft181 words
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Article88 1979-01-04 8 FORWARD MA Aeac lRKET 113 uncb Artxd 2300 +110 >76 uncb Brmacan Bra-Lamb PftnpAr sr i eie Cock De Bccrt n« 473 +37 1M 4-1 238S 15 Elcctrobel MOO -30 Gb-lnno-Bm 2M0 *35 n~ 1430 unch Hr.hr,* SUA -I" P»tm an *i Ryl Dutch ITfiO -29 Rlrfrr. •30 +488 words
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Article96 1979-01-04 8 JAN 02 Lire Ante 33 -1 A unr Hmi ***** •130 RA.Lrtfl 456 -7 Ctntrik 4X6 14 ■w Tim -It Fin.ui«r 133-23 -075 Oen I m root) 89 ♦•.TO inw iUJcemtnU 2385 ***** -28 •370 lUJfM 758 unch VUtakter -M MafneU If Pf 512 -3 MATCUI Ere 215 -396 words
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Article1534 1979-01-04 8 CHICAGO Board Options Exchange volume slowed to 111,526 contracts from 117,023 last Friday. OPTION JAN APL JLT STOCK Alcoa 40 UNTRD UNTRD NOL 47 Alcoa 45 4ft 47 Alcoa SO 1ft 3ft 47 Alcoa AO UNTRD UNTRD UNTRD 47 Am Exp SO K 1ft UNTRD lift Am1,534 words
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1346 1979-01-04 8 NEW YORK LATE strength in a few key issues fuelled a final hour rally that provided the stock market with a small gala in very light trading on Tuesday. But analysts said that aside from some bargain hunting and special situations, unrest in Iran1,346 words
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Article293 1979-01-04 8 THE MARKET closed moderately higher In busier trading on Tuesday, with the composite index up six points and advances ahead of declines 238 to 144. MacMillan Bloedel climbed 3-1/4 to 25-1/8 while Domtar (ell 1/8 to 24-1/2. The companies have withdrawn their bids for each other. Canadian Pacific Investments,293 words
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Article274 1979-01-04 8 JAN 02 Rand INDUSTRIALS A Alpha imm Abercom AE And CI 210 336 5 unch »mr 1200 10 Barlows 480 5 Cf Sugar H*a 520 unch 170 unch Currle Finance De Beers Ind 91 ***** unch 2to unch Idgmri 1MB unch Vmti VnlJ 179 Mi M -3 fWrH l.n274 words
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Article145 1979-01-04 8 GENERAL MILLS, a leading consumer goods concern, has announced second fiscal quarter profits of US$5O.B million, or $1-01 a share, compared with $43.9 million, or 88 cent*, a year ago. Its sales rose to $1.09 billion from $928.9 million a year ago. For the six months.145 words
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241 1979-01-04 8 Reuter EASTERN AIRLINES, which is competing with two other carriers for control of National Airlines, expects to have raised by Jan 15 all of the US$425 million required for the proponed metfeer. Eastern entered the bidding for control of National onReuter - 241 words
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Page 8 Advertisements
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Advertisement172 1979-01-04 8 For a Successful BANKING Career study with WolsevHall OXFORD for the Institute of Bankers CONVERSION COURSE The duration of the complete Wolsey Hall Conversion Course is 26 weeks so enrol now (or the June 1979 examination. Also Available: Wolsey Hall Courses for the Stage II Year I examination (New Syllabus)172 words
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INTERNATIONAL COMPANY NEWS
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288 1979-01-04 9 r ASIAN L A Reuter WORLD International Holdings has reported higher group net profit of HKJ26.95 million for the six months ended Sept 30, 1978, against $23.82 million previously. The interim dividend also rose to 7.5 cents from 6.5. Earnings per share increasedReuter - 288 words
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202 1979-01-04 9 UPI TOKYO has asked Washington to hand over all information it has concerning alleged secret payments in Japan by McDonnell Douglas. Quoting sources in Washington, the Yomiuri Shimbun reported that American authorities are reluctant to supply the data through diplomaticUPI - 202 words
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Article319 1979-01-04 9 f EUROPEAN FT AFTER suffering a setback from £1.25 million to £409,000 in the second half last year, John Waddington has reported profits of £1.65 million for the 28 weeks to Oct 15, 1978, compared with £2.32 million in the same period last year. Turnover wasFT - 319 words
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371 1979-01-04 9 REPEATING the achievement of the same period last year, Tricentrol has more than doubled pre-tax profits for the first nine months of 1978, from £3.4 million to £7.01 million, despite oil production delays. The Thistle Field produced 13.6 million barrels of oil in the nine371 words
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Article205 1979-01-04 9 HEINEKIN, the international beer and drinks group, expects no major change in profit trends in the current year after a satisfactory performance in 1977-78. The board declined to be more specific about prospects. Trading profit rose 3 per cent to 256.2 mill on florins in the year205 words
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Article, Illustration1358 1979-01-04 9 FT IT HAS been a bumper season in the cider apple orchards of the West Country. The glut fruit is such that the Hereford-based cider makers H. P. Bulmer, boasting a 60 per cent share of the UK market, has been processing applesFT - 1,358 words
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154 1979-01-04 9 Reuter TURNOVER at Haffmaaa La Reebe, the U8 mbsldiary sf P. flaffima La Reebe Uad Ce, is expected to rise bjr ever 8 per eeat aext year. Mr. Retort Clark, prestdeat aid chief execatlve officer, hewever, gave ae ether flgaree. Reebe greap tareaverReuter - 154 words
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734 1979-01-04 9 N.AMERICAN NYT Reuter SO FORMIDABLE is the reputation of John Delorean in car circles that dealers bought 30,000 of his propoaed sports cars long before ground was broken for the plant to build them a plant on which he persuaded the British taxpayersNYT; Reuter - 734 words
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525 1979-01-04 9 NYT PENN CENTRAL has told a special federal court in Washington that it could have sold its freight terminals in Philadelphia, New York and northern New Jersey for about USJII6 million had it not been forced to turn them over to Conrail for practically nothing.NYT - 525 words
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Page 9 Advertisements
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Advertisement348 1979-01-04 9 J I i *f f The life] Library Of Photography helps you to see —great picture possibilities J/' -all around you... O The Life Library Of Photography Each volume measures 10'/* x 10'U inches (26 x 26 cm). Hard cover, silver stamped black cloth binding. 240 pages. Approximately 300 illustrations,348 words
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DEALS DONE ON THE SES AND KLSE
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Article1080 1979-01-04 10 BKCTION ONE INDUSTRIALS Acai (2.006) Allied Choc (1.108 1.118) (1) 1.10 BAT (1348) (2) 131 (4) IJOCD Bat* (2JOB) Bee (0.638) (4) 0.83 (1) 0.824 Kawtt (2.708 2.728) (2) Bo«stea4 (238B) (1) 229XD C A C (5.158) (8) 5306ETT (6308) CD CCN (4.828 4.868)XD C K Tim (1.8681,080 words
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Article100 1979-01-04 10 Striking prices of the options officially listed on the Stock Exchange of Singapore, the period, bids and offered prices and business done yesterday with the number of options traded shown in brackets. C«U Storage (March $1.80) (0.358 O.4SS) Him P E (March $1.45) (0.278 0.355). lMfccape (March $1.30)100 words
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Article229 1979-01-04 10 4 1/*% 1/8/80 (230,000) (99-338 99.388) (1) 90JO (2) 96 33 4 3/4* 1&/8/80 (250,000) (99 KB 99.706) 6% 18/4/81 (250,000) (98.758 99 82S) (4) 99 75 B* T r 1/8/83 (250,000) (100.108 100.255) 6 3/4* T r 16/8/81*84 (250,000) (102J06) B* T r 13/11/84 (250,000) (100.008 100.068)229 words
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Article136 1979-01-04 10 The Commerce The Saving Fund S'pore Prof Fund S pore Sec. Fund S'pore Invest Fund tar Jm 4) 2 0t 219 1J7 1.35 «2 0.J7 l.« Lit LSI 1.27 UU i UNIT T frtM BUR tarJMl) Mai IaveM F kUl Prof Fu Mai Security MalBerJaya Mad ad Fund136 words
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Article2464 1979-01-04 10 1978/79 Rigk Low Company Last Sale Gr*a Div +or- Gr'a Net Div YTd P/E Or Vol Day <*000) High Low SECTION ONE INDUSTRIALS v 272 238 178 219 275 111 280 328 245 060 132 Acma 123* Alcorn 107 Allied Choc 133 BAT 196* Bata 59 Ben2,464 words
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Article1391 1979-01-04 10 industrials Ajinamete |2ME) Alcom (lytßi (II) 1 9V A Choc (1.12B). Ben <u 638 0 655) (2) 0 04 8 Ktaal (2.T78> CBI BwHud (2.328) (22) 232 il) 2 33 XD Bouateadco i2C4B) XD B A Tobacco 11.528 I 53S i <11 1.32 121 1.53 CD. Carlaberg1,391 words
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Article121 1979-01-04 10 YEO ttIAP SENG LTD kM reported tadltcd praflt tMI ywr MM Sept St/lfS m «Oea «f »IJI mllHm ($».«■illlM). toTjSi {ui ml«i MM —f'tlTZ (tll.lB BUHM). Prapnei dnt awl Dml iHirt <f IS par eort pM piM U par Mat tax ezeapt (If per e«at V—h P»7»*to Man!121 words
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Article, Illustration608 1979-01-04 10 TRADING VOLUME at ike Stock Exehaage af yeatorday by tws large married deals la toe late afteraaaa. The first waa tar 1,298,999 aalto af Faber Media aa a delayed kaata at 93 eeata. The atoer deal, alaa aa settlement, waa far *****9608 words
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652 1979-01-04 10 A RESURGENCE of buying interest among a handful of the better-class stocks in the late afternoon took the Kuala Lumpur stock market moderately higher yesterday. The late rally, which was undoubtedly one of the most encouraging in recent weeks, took the New Straits Times652 words
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Article40 1979-01-04 10 Geaeral Ceramics BM: EOGM to be held at 7th Floor, ALA Building, Jalan Ampang,Kuala Lumpur at 11.00 am today. Textile ■fci: AGM to be held at 17S241, Mak Mandin Industrial Estate. Butterworth, at 11.00 am on Jan 8.40 words
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COMPANY NEWS
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1714 1979-01-04 11 RANKING ACCORDING TO CONSOLIDATED ASSETS AS AT DEC 29, 1978 Column I Consolidated assets in million Column n Group pre-tax profit in million Co t»1 in f ir Co] UU 111 f II lumn IV Reserves in Million Column1,714 words
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Article440 1979-01-04 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year S M Ind 3.5% TE Dec 14 Dec 25 Jan 8 15% TE 8%TE S'pore Land 5%<b) Dec 12 Dec 19 Jan 4 5% 5% Aokam Tin 25%<n) Nov 15 Nov 25440 words
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Article169 1979-01-04 11 Company Particulars Ex Date Books Close G Ceramic* Bonus Issue of 1 for 2 Dec 21 Jan 4 Setron Bonus Issue of 1 for 4 Rights Issue of 1 for 2 Berjaya Kawat <n $1.50 per share Dec 28 Jan 5 Bonus Issue of 1 for 2 J169 words
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322 1979-01-04 11 ANTHONY TAN - By ANTHONY TAN THE FIRST of three phases for the computerisation of scrip clearing at the Stock Exchange of Singapore started this Tuesday with no hitches noted. The computerised scrip clearing which is being carried out by the Securities Clearing and Computer Services322 words
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418 1979-01-04 11 P. GUNASEGARAM - By P.GUNASEGARAM ALTHOUGH Berjaatal Ha Dredglag, repated to be the largest U» dredglag eperattoa ia the nrM, did weil to achieve a record pre-tax preflt «f M 549,919 miiltoa fee the flaaadal year eaded April SI, 1978, Its perfarmaaee far the earreat year Is418 words
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200 1979-01-04 11 GUTHRIE ROPEL's shareholders have approved its merger with Kumpulan Temiang, a wholly-owned subsidiary of Ropel's British based parent company, the Guthrie Corporation, for an exchange for 26,353 million Ropel shares of $1.00 each. The transfer of the entire issued capital of Temiang to200 words
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896 1979-01-04 11 MANO SABNANI - By MANO SABNANI THE YEAR just ended was a good one for most of the leading hundred companies listed on the Stock Exchange of Singapore and this is reflected in the better returns obtained on capital invested. During the year, the combined market896 words
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Page 11 Advertisements
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Advertisement201 1979-01-04 11 Expressions of interest ore invited for the purchase of the Australian Government Engine Works, Port Melbourne, Victorio, Austroiio The A.G.E.W. is the only manufacturer m Austroiio of large (over 1500 kw), slow speed marine diesel engines ond hos been involved with the installation of gos engine/gas compressor units for land201 words
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518 1979-01-04 12 JOHN LIM - By JOHN LIM AN agency agreement between Hong Leong and Yamaha Motorcycles of Japan was signed in Singapore last week and an initial shipment of motorcycles and parts, worth some $2.5 million, is- expected to arrive in mid-month. Hong Leong Co Pte Ltd518 words
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Article232 1979-01-04 12 THE INDUSTRIAL Training Board and the Adult Education Board will be merged into a new statutory body on April 1, paving the way for an expansion of training facilities. In his addendum to the presidential address in Parliament, Dr Ahmad Mattar, Minister in232 words
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199 1979-01-04 12 BILINGUAL competence, the Inculcation of Asian values and a sense of Mlll—l Identity and the provision «f a hroad baaed education will conttoae ta be the Edaeattoa Ministry's main emphasis in the next few years. Minister for Edaeation Chan Siaa Chin said In bis addend199 words
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Article774 1979-01-04 12 LONDON. Wed. The market was mixed in quiet trading with equities firming largely on technical considerations, dealers said. At 3.00 p.m. the Financial Times index was up 6.4 at 479.4. Equity leaders firmed by as much as 14p following a technical rally sparked by small institutional demand, but774 words
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Article, Illustration941 1979-01-04 12 NYT THE exodus of foreigners from Iran gathered momentum on Tuesday as the country's crippling oil strike continued at full force, despite efforts to get the strikers to relent from their protests against the rule of Shah Mohammad Reza Pahlavi. About 2,000 foreigners managed toNYT - 941 words
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169 1979-01-04 12 AFP BRITAIN'S S.P.D. Transport group has announced a "revolutionary" vacuum packaging system said to reduce the volume of clothing and textiles by up to 88 per cent. The process which could have a big influence on transport handling and storage costsAFP - 169 words
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Page 12 Advertisements
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Advertisement130 1979-01-04 12 II iZ \z m w Vf Singapori v c 9:12 a Lond t* V 1 t ,#J w r f Pi l gg B •i< ftSS S service in all four corners of the world. BANKof AMERICA 1 'a %r W Clifford Centre IHRit. Clifford Centre. 24 Rarflo Place. Tel:130 words
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SHIPPING TIMES
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PORTSIDES
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Article64 1979-01-04 13 AFP RELIANCE Group Incorporated has raised US$l5O million (Ss33o million) to finance expansion erf the fleet of CTI-Container Transport International, its wholly-owned container leasing subsidiary. An eight-year, unsecured, revolving credit/ term loan from 21 banks will be used to finance the purchase of the containers this year. CTl'sAFP - 64 words
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Article105 1979-01-04 13 Reuter Dutch bargemen went on strike on Tuesday to press demands fen* a compulsory freight distribution scheme which would give them all a fair share of available cargoes. A union spokesman said he expected the freight boycott to be total, but added that little traffic would have beenReuter - 105 words
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Article98 1979-01-04 13 Reuter THE number of tankers laid up for lack of employment continued to fall during December and at Jan 1 totalled 181 of 22.2 million dwt against 213 of 24.5 million dwt at Dec 1, according to London brokers Howard Houlder. The total of tankers, combinationReuter - 98 words
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182 1979-01-04 13 THE 19,100 dwt Sea train Yorktown, the second of a series of six container ships being built by Namura Shipbuilding Company of Japan for Seatrain Pacific Services, will be christened next month. The vessel, with a container capacity of 909 TEUs, will be launched182 words
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432 1979-01-04 13 BRAZILIAN shipyards last year earned revenue of US$l54 million (***** million) from the exports of 17 bulk carriers, multi-purpose vessels and fishing vessels. In 1977, vessel exports reached only $40 million. The stronger 1978 performance reflects an all-out drive by Brazilian shipbuilders to432 words
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Article, Illustration89 1979-01-04 13 KEPPEL Shipyard ku eampteted repalrlag the 4>,J7t dwt Akhtaba, the biggest Sevtet tarter te he repaired at the yard. la addltlea te Ha aaaaal deeUag, Akhtaha'i toilers atoe aaderweat majer repair*. IVa iavetved retaUag the entire geaeratlag tabes, saper heateri aad aadpsrt mala hellers. The affected tahee89 words
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195 1979-01-04 13 ISONATION Shipping is continuing with its plans to set up a container manufacturing plant in Singapore. In a letter to Business Times from Captain C.R. Saradetch, one af the directors of the company, it is pointed out that it takes time to get such a195 words
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3621 1979-01-04 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of3,621 words
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Article538 1979-01-04 17 SMpptag Un Page CM Aconas n s ACS n 5 AfM IV 3 Aguila IV 2 Alpac IV 5 Angkutan IV 3 Anhsing IV 3 ANL I 1 APL m 2 Arya Nat n s ASCL m 5 Asia Merchant m 4 Atlas V 3 Aust.Cont IV 5 Bank538 words
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Article977 1979-01-04 18 r 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 during977 words
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Article901 1979-01-04 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Acooas Line— Aconas fkin. Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Unipacific. Alpac901 words
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Article839 1979-01-04 18 FAR EAST FREIGHT FREIGHT rates and scrap prices are rising. The 10,080 MT of sugar from Bangkok to 'China was reportedly fixed at USfMJO a tonne FIOST. Interesting parcels of many bulk products are available. Prompt 10,000 MT of coal are available from Cfciiiwaagtao to839 words
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Article335 1979-01-04 18 BRITISH Shipbuilder's plan to cut shipyard capacity by 35 per cent with loss of 12,300 jobs within three years has been sent to the Industry Department. The shipbuilding unions were told of the proposed cuts last November and Mr. Eric Varley, the Industry Secretary, will see335 words
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Article, Illustration351 1979-01-04 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Accord (1500 after Maaskerk) 13/14 Dong Min (1500 after Bunga Tanjong) 35/36 Eaquilino (after Savannah Mam) 46 Frasinet (after Alameda) 31/32 Hakone (after Tongariro) 8/9 Hoso Mani (0600) 19 Nedlloyd Musi (0600 after Shinsakura Maru) 3/4 Pateverett (0600) 25/26 President Taylor (after351 words
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Page 13 Advertisements
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Advertisement425 1979-01-04 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA j AND CANADA Agents Barber Lines Singapore Pie Lid Harrisons A Crostield Kuala Lumpur Pernas MISC Penang Tel ***** Tefc WNII Tel ***** .1A RI) IM AN I AH Orient Overseas Co*dcmeA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) ORf NTAI RESEARCHER MT425 words
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Advertisement298 1979-01-04 13 JSI SEALORD ANTAH H UASC UNITED ARAB SHIPPING CO (SAG) I a All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE" S pore I Loading for Damman (17/1), Kuwait (20/1), Basrah (23/1), Dubai (26/1), Mina Al Fahal (29/l)| Kuwait (23/1), Shuaiba298 words
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Advertisement368 1979-01-04 13 NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: o. fTSriri* ii. MM It lan 17 lan RCQML Hla Hlm C. ntU. 21 Ma 29 tan II nm. 10 Ftk 11 FA C toa 20 Ftk 21 Ftk (OKA NOT HWSS 27 FA 21 Ftk t M 7 M •0 KStMOBt Spare368 words
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Advertisement576 1979-01-04 13 SINGAPORE BUSINESS rryri 3 m FOR fast Am (Hoafkonf. I Hp* (Tokyo Rote. Y Rtetong. Raotisuingi M. Nagoja Osaka. Slwiwu) «/i 12/1 a/i 19-11/1 24-23/1 I 27-29/1 i4/i 17/1 21/1 19/1 27/1 21/1 12/2 «/2 11/2 FOR Arabianrtrman Guit Singapore Port Ketang 27/1 19/2 FROM Emi Canada and U S576 words
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Page 14 Advertisements
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Advertisement753 1979-01-04 14 FULLY CONTMNEKBED TO EUROPE Sport P Xcimt P« Hu< Gmu M"W| Blumx 5/1 7/ 1 11/ 1 5/ 2 fcckmen 1/2 3/2 7/ 2 2/3 FULLY CONTUOISED TO GENOA/TIHESTE S port P Kelant Genoa Hpponca 5/1 (/I 26/1 HafcataMaru 28 12 29/12 17/1 FULIY CONTMOUSED TO USA CAMOA Feeder P753 words
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Advertisement472 1979-01-04 14 szztz borber blue Five US ATLANTIC IB GULF EAST CANADA UilftJ labtun 22 Mar 4 2C Mir t Ifar 2 2 Mv 13 7 rtt I Mm 3 124 Urn 2 r 30 Apr 9 Nut fcife* "tcmnciß" Jan 7. "nor tn IS. "TASAYTAY" km IS To: US ATLANTIC US472 words
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Advertisement702 1979-01-04 14 EVERGREEN LINE (EVERGREEN MARINE CORPORATION. FAR EAST/RED SEA, MEDITERRANEAN 1 EXPRESS FUU CONTAINER SERVTC ALSO ACCEPTMG CARGO FOR: GENOA. LATTAKIA. BEMUT ALEXANDRIA. BENGHAZI. TMPOU (LBYA) S tar* 'MM Part la* imttui Ltftan f* («•> Mm*, «i» 19 tM 23 ha Xl* M 11 N« 1 £••I%* 21 fa. 2FA (Fta702 words
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Advertisement907 1979-01-04 14 I Everett Lines Ffcrt Star Shjppwg Carpn. "BURMESE NATIONAL LINE B.F.S.S.C. Agents in Malaysia TEPS MALAYSIA Port Wang Td (38) 7355 Penang Tel *****/***** fMM s m n 3 JJWOIIWn/JK* 26/21 to 21/31 lan 31/1 Feb Mmwn/wa 17/n i» T«/?I U. M J. LAURITZEN UNE" Straits/Caribbean Service '~W "on J.907 words
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Advertisement608 1979-01-04 14 Jf VMIUM J l««f r TEXO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHENTON WAY MISTRI ROAD SINGAPORE TFL *****44 7 A *****70 IQ SANKYO LINE AUSTRALIA SERVICE DMMOWSTAR. MAT PRMCE TIC MAN MAY cur 9/11 Mm 7/ < lan STD. MEL. AOEL 14/16 Mr608 words
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Page 15 Advertisements
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Advertisement640 1979-01-04 15 Overseas I Containers Limited Singapore memo comma somen, pte ltd txoci K LUMPUR CONTMO AttftOES *****4. PKELANG 38*006/8 PENANG GUTHRE SOUS TWO SMPPRK AGENCES *****1/3 Australia Straits O Container Line IW. «I«J 'i TEMASf* AUSTRALIA ASIA SM 14 tm 24 Jto TEMASEA AUSTRALIA ASM 1 Feb 1 Mar 10 II640 words
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Advertisement734 1979-01-04 15 GRANARD LINE KLMHi 4 DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDITERRAICAN MY MM NUN V 20W Ml MM FUNG V.21W.. M* I WOK FUNC V23W M) MM TIT Y22W MM i tan 7ta Opbonti PSaMAfeiiaxirta Dlmt/lattata/ Pweatis Tnpoh Benfhan Ktanbd 14 ta 1( tan llta Jrtdan P Sad Atoandna IaNMI734 words
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Advertisement687 1979-01-04 15 i£iy BEN LINE CONTAINERS EXPRESS COKTMCI SEIWCE TO/FVOM GUMK tfBURC B'HAttN it DAM HAMK SOTON FMMIBMOT: H BURG B HAVIN R DAM NAVW SOTO* W Gtrmany/A«rs»rij Bcm«ki France 11* P HfUoj S pore Far tawEwm SjM SjM SaM SaM SaM ta Part f/1 NK Tan Takya B>t SjM SjM SaM687 words
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Advertisement627 1979-01-04 15 Scan Dutch V mimaroill: ,7i i .>:n: i»* »7ni jm «>i: u\l\ili M*_K\»] IM r««« I) Mo 7) Mm 3) Hterf 4) Gta>i i/i 74/1 ivi a/i a/i IT/1 a/i vi V 2 «i 77/1 V 7 IV7 15/7 17/1 4/7 M/ 7 71/7 71/7 7V7 U/7 74/7 1/1 VI627 words
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Advertisement552 1979-01-04 15 GUTHRIE BOUSTEAD^'ev, THE BANK LIME LTD LOWS F« t i 1 AFRICA m. a ft Hm% n/atm Sport 21/21 in r FWM (AST I SOUTH HCI LYKES ORIENT LINE iHi: ;< TO NEW ORLEANS. MOBR.E. HOUSTON. GALVESTON. ALSO ACCEPTWG CARGO FOR BANGKOK. MAMU TAIWAN. HONGKONG PUSAN AND MP AN PORTS.552 words
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Page 16 Advertisements
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Advertisement694 1979-01-04 16 K line KAWASAKI KISEN KAISHA. LTD. TO EUROPE (accept* Ufjm to tcwfciiii n Itowbug) FROM EUROPE TO FAR EAST <* Vnuk c<t HTnaj, In—i, dam. A'aerp and L* Hair*) AGENTS S PORE NEPTUNE AGENCIES PTE LTD Tit *****11 malaysw KONTENA NASIONAL SDN BHD T«t P. Ketong 7475/6 KL *****4 Pcmif694 words
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Advertisement1003 1979-01-04 16 11.5.A./EAST CANADA SERVICE acceptok fcl/lcl coNTwurc from penang r kelamg. sw* loarta* tar ICW TOM. NORFOLK Pffljng P SWA ASM- (MBA2I SO) 18/19 tan IVI7 Im 13/14 tm 10/12 tan E.C./6REAT LAKES SERVICE im*« nokfolk. kn row. Montreal, torowto. ashtabma. bewon aecA» CALFORMA/PACFIC NORTH WEST SERVICE Indtaf tar: lOS ANGELES1,003 words
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Advertisement575 1979-01-04 16 <4 :r SINGAPORE SHIPPING AGENCIES PTE LTD > fNI &A i AHSM> i? s/M. troK/: is/. i \/>.s i/\i men HMttr Eipms EM C««t— hw to Ban*, in m«( -Ma BOUNTY' H- M> hMi 1871 DSR LINES 1 i«H Swn imao MM FAS! SOS-CONTASO SETNCE Sport PMm Ptnan| Ritom A«erp575 words
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Advertisement450 1979-01-04 16 *UI*YSIAS INTftHA no*AI SHITTING CO*r>o*ATloH g£KHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SC ANDINAVIJ ICTWMh feeder *fUM| Ve*it Sport I) iMs 7) ttn J) HDw| 4) Gbwi Spore I) Msatts 2) Man 3) H'barf 4) Gbw| 7/1 70/1 2VI 77/1 79/1 17/1 30/1 4/7 C/ 7 1/7 71/1 1/7 13/7 15/7450 words
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Advertisement734 1979-01-04 16 INTRASEfI (PTE) LTD F-aber House 234E O'Chard Roact Singapore 9 Telephone *****67 (A REGULAR NOOKJT SOt/FULL CONTAME* SERVICE TO EURQfC Vln 21 In aim 1 Mk 17 Fak Td/A«M/Nntor|/ 'V ■mudu (To) ii» nucu mouk inmi no wm t—l mm. mm. mmn ■no owjeas mmbtm mm xmm am/z Line GRACE734 words
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Page 17 Advertisements
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Advertisement129 1979-01-04 17 u< 1 KARLANDER (AUSTRALIA) PTY. LTD. scnict fron East Austraian ports noma twa ST* ix -OUMOND ST Ml .37.. IYOTDI MMU *31... Sr*»T S'pwt Mcts* 22/23 Im 24/25 IM 22 Im 17/11 F«k 19/21 F«k 22 F* 29/21 N» 22/23 Mar 29 M» IS/lt *> 17/11 Singapore HMPOtS SHPPMG T«L129 words
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Advertisement144 1979-01-04 17 FARIDA LINE ETA/D UMMS FOR: EAST UK Bomba» Itodfjs At SAL ttm CotomOo /Hutch For Booking Contact MAC-NELS AGENCES PTE LTD I KM. 131* flooi. Hong leont Buridmg Id *****88 *****67 (4 Lines) HOE HOE SHIPPING CO. 6th FL DUNN HOUSE 90 CECIL STREET SINGAPORE TEL *****66 (4 LINES) WEEKLY144 words
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Advertisement335 1979-01-04 17 NOTICES M.V. "LOON CHONG" VOY 7/78 arrived 26.12.78 at P.P. Wharf Godown 303 General survey on damaged cargo discharged ex the above vessel will be held on Saturday 6th January 1979 from 0000 hrs to 1500 hrs. No further survey will be held after this date. STRONG*! LL ENTERPRISE (PTE)335 words
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