The Business Times, 9 February 1979
1979-02-09
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The Business Times
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Title Section10 1979-02-09 1 BUSINESS TIMES M.C.<P) No. lU/l/1) FRIDAY, FEBRUARY 117* SO CENTS10 words
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73 1979-02-09 1 Reuter LONDON, Thurs. In the face of widespread strikes for more pay and a surge of borrowing, the Bank of England today squeezed credit even tighter to control the money supply and curb inflation. The bank raised its minimum lending rate by 1-1/2 per cent toReuter - 73 words
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Article64 1979-02-09 1 Reuter TOKYO, Thurs. Japan's Toa Domestic Airline (TDA) said today it will buy six European A-300 82-201 Airbuses at a total cost of US$225 million (*****.25). A letter of intent will be sent this month to the five-nation European Airbus consortium which includes Britain, Spain, West Germany,Reuter - 64 words
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Article45 1979-02-09 1 AFP KUALA LUMPUR, Thurs. No progress was achieved at the Malaysia-Britain air services agreement talks which ended here today. The only concession for the Malaysian delegation was the approval yesterday of a daily Malaysian Airline System (mas) Airbus serice to Hongkong. AFPAFP - 45 words
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Article63 1979-02-09 1 FOREIGN Minister S. Rajaratnam has told an Australian newspaper that Asean ministers will consider later this month if they will meet Australia in its request for talks on its new International Civil Aviation Policy (ICAP). Radio and Television Singapore, reporting this, said the Foreign Minister expressed a preference63 words
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Article68 1979-02-09 1 UPI. MANILA, Thurs. The Far Eastern Freight Conference (FEFC) is seriously considering a four-month deferment of any freight rate increase on cargoes between East Asia and Europe, it was announced today. A statement from the Federation of Asean Shippers' Councils (FASC) said the four-month deferment was submitted byUPI. - 68 words
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Article35 1979-02-09 1 TOKYO, Thurs. Leading Japanese banks trying to organise a US$2 billion syndicated loan for China expect an early conclusion of their negotiations with the Bank of China, local banking sources said.35 words
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Article62 1979-02-09 1 BANGKOK, Thurs. Trade between the communist economic grouping Comecon and Asean has grown dynamically, a bulletin released by the Soviet Embassy said. Under the title "Eeconomic cooperation between Comecon and developing countries", the bulletin said the stable and dynamic bilateral trade presently ejoyed by Asean and the Sovietdominated62 words
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Article41 1979-02-09 1 AP NEW YORK, Thurs. The stock market was mixed this morning. Gainers and losers ran just about even in the early tally. The Dow Jones average of 30 industrials slippd 0.17 to 815.84 in the first half hour. APAP - 41 words
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Chief Price Changes
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Article132 1979-02-09 1 Falls Shangri-La 510 -35 Lingui 104 -23 D Keramat 1050 •20 Suriget Besi 690 -15 Straits Trading 555 -15 Tronoh Mines 720 -10 M Banking 630 -10 M Breweries 580 -10 Guinness 510 -10 Tractors 510 -10 Metro Hldgs 340 -10 Cold Storage 222 -10 C C M 486132 words
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Article, Illustration147 1979-02-09 1 Falls M Banking 635 -30 A Amal 515 -25 N Iron 650 -15 FAN 525 -10 Oriental 600 -10 Berjuntai 770 -10 OCBC 815 -10 Mai Tin 1310 -10 BAT 165 -09 Timuran 210 -09 C Store 228 -09 M'wata 244 -09 Kramat 265 -09 Rises UIC 306147 words
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Article755 1979-02-09 1 QUEK PECK LIM - DIVIDEND 40pc HIGHER By QUEK PECK LIM THE BOARD OF Guthrie Corporation now besieged by Sime Darby Holdings has come up with a swift riposte to the document Sime sent Guthrie shareholders last Friday. A document sent out by Guthries on Wednesday sets out the755 words
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Article247 1979-02-09 1 JACK CHIA Trading (Singapore), a member of the JC-MPH group of companies and formerly known as Monfair Optical, has just announced another hefty purchase of shares in property developer Malayan Credit. The reported purchase of another 1.02 million shares in Malayan Credit over the247 words
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679 1979-02-09 1 RONNIE LIM - By RONNIE LIM UPI SINGAPORE'S oil companies are beginning to (eel the bite of the oil crisis in Iran. Supplies have been reduced because of worldwide reallocation by parent multinationals in attempts to minimise repercussions on any one centre. Apparently, not onlyUPI - 679 words
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Article107 1979-02-09 1 Reuter THE INDONESIAN stateowned Pertamina oil company said yesterday Japanese crude oil customers had given assurances that they would continue to rely on Indonesian crude in spite of the new availability of Chinese oil. The president-director of Pertamina, Lieutenantgeneral Piet Haryono, said that Indonesia would remain the PacificReuter - 107 words
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286 1979-02-09 1 THE Stock Exehuge of Singapore (8E8) is saaptadlag Its computerised central clearing system after •n I > a week «f operation. Aa SES circular mt •at Jut Mmc the close af trading yesterday ad vtoed its members that the centralised office will Mt faaettoa286 words
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340 1979-02-09 1 UPI GOLD yesterday soared to another all-time high of US$254 (about Sss4B) an ounce on bullion markets as the American dollar sagged amid pessimistic forecasts from dealers. Gold opened at $251,375 an ounce in London, 87.5 cents higher than the record close on WednesdayUPI - 340 words
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Article146 1979-02-09 1 THE GOLD Exchange of Singapore yesterday recorded the best ever trading volume since it opened three months ago. Volume topped 544 lots worth US$l4 million. Dealers described trading on the futures exchange as "very active" and said they were somewhat surprised at the pace. The146 words
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Page 1 Advertisements
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Advertisement22 1979-02-09 1 SAFE WITH AN ITOKI SAFE (J) 47 Bloc* Gokjmi Piau N*wio« Road S-"0«xx« 11 TK niiHM CK»« BUSNESTEMS S>n«<po>* SEE PAGE 522 words
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Advertisement51 1979-02-09 1 THOMAS ROHt R T A L A A vS ON* ST fP AMf AO the trained specialist.. I w. Wi <y3- w. ■HM f cj, r A THOMAS ROBERT BROKER il l. M»-ri' ;i, ill The comprehensive specrrurr) of our expertise includes THOMAS- ROBERT (S> PTE LTD Offices •SINGAPORE MALAYSIA51 words
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Advertisement63 1979-02-09 1 SHIPPING TIMES BEE Hut Invests $28m la steel pipe mills i LAUNDROMAT Is is business... 1 RUBBER ladastry pmlllag fewer S PHILIPPINES jelas the ell OVERVIEW sf el< ONG TradMftea la bastat FEED is Misted READY peal sf betel wi MTN pact shasst ready MEMOPAD t, CROSSWORDS t, AIRCRAFT SCHEDULE63 words
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Advertisement235 1979-02-09 1 IT TAKES MORE THAN TOP QUALITY SOUND TO CREATE AN EXCEPTIONAL HI-FI STEREORECEIVER. B O BEOMASTERS ARE ALSO CREATED: SIMPLE, FUNCTIONAL, RELIABLE. BEOMASTER with magic touch controls 1 Qftfi Stereo tuner amplifier I Power RMS 2*30 watts (music power 100 watts) E 1 RPAM ACTED am FM Stereo tuner/amplifier I235 words
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TRADE AND INDUSTRY
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464 1979-02-09 2 INTER FIN, the local agents of Maytag washing machines, will be opening its first self-serve laundry centre tomorrow. On the ground floor of Park House, off Tomlinson Road, the centre has been set up at a cost of about $150,000 and has 11464 words
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Article112 1979-02-09 2 INTERSAFE '79, an international exhibition on safety, security and fire-fighting equipment. will be held at the World Trade Centre from Sept 4 to 7. Organised by Item Pte Ltd., the exhibition will be held in conjunction with the South-east Asia and Pacific Fire Safety Conference organised by the112 words
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Article51 1979-02-09 2 A HIGH powered British industrial delegation led by Industry Secretary Eric Varley will arrive in Singapore by Concorde on Feb 20. The team, which includes top executives of General Electric Co (GEC) of the UK, Davy International, British Shipbuilders and others, is on its way to51 words
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198 1979-02-09 2 A DELEGATION from the Greater London Council, (GLC) is arriving in Singapore today to hold discussions with government bodies on problems of urban transportation, housing and port development. The chairman of the council, Mr Harold Mote will be leading the mission. The team of198 words
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661 1979-02-09 2 RONNIE LIM - By RONNIE LIM A SINGAPORE company, Bee Huat Industries, is investing $28 million in two steel pipe mills of more than 10,000-tonne capacity per month, making it the biggest fully-integrated facility for such products here when the projects are completed in three661 words
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Article, Illustration84 1979-02-09 2 PILING work on the proposed $19 million Ming Arcade on a site adjoining Ming Court Hotel begins today. The piling contract has been awarded to Wing Construction Pte Ltd by the People's Park group. At a signing ceremony last Wednesday, Wing Construction was represented by Its84 words
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Article, Illustration525 1979-02-09 2 AUSTRALIAN technology has produced electric modular motors and transmission systems suitable for conversions in existing vans and cars previously powered by internal combustion motors. The developmental work undertaken at Flinders University in Adelaide, the South Australian capital, has resulted in successful road tests of a one-tonne525 words
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Article179 1979-02-09 2 THE chairman of the Singapore Rubber Packers Association, Da to Ng Quee Lam, has criticised the Far Eastern Freight Conference (FEFC) of subjecting exporters in South-east Asia at its mercy and imposing freight rate increases at will. He told the association s annual general meeting on179 words
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Article518 1979-02-09 2 COURSES AND TALKS Jan 3-Feb 21: Statistics for Insurance Employees, SITC, SITC Feb 5-Apr 14: Diploma in Life Insurance, SITC, SITC Feb 9: How Training Paid off for One Organisation, Hotel Equatorial, ST ADA Feb 10 17: Vosper Pte Ltd training course, RELC, Vosper Feb 12-13: Finance for518 words
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263 1979-02-09 2 JAPAN Air Lines is offering six scholarships to Asian students at the Sophia University for its fifth annual scholarship programme. The scholarships are being offered to full-time, qiatriculated students at the five local institutions of higher learning. Final and year students and previous263 words
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Page 2 Advertisements
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Advertisement47 1979-02-09 2 N.M. ROTHSCHILD SONS (SINGAPORE) LIMITED Asian Dollar Facilities Foreign Exchange Loan Syndication Corporate Finance Advisory Services Singapore And International Underwriting Investment Services Gold Dealing 23rd Floor UIC Building Shenton Way Singapore 1 Telephone: *****55 Telex: R*****4 A WHOLLY OWNED SUBSIDIARY OF N.M. ROTHSCHILD SONS LIMITED v LONDON47 words
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Page 2 Miscellaneous
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Miscellaneous638 1979-02-09 2 u two-iv CRYPTIC PUZZLE ACROSS 1 Cabers split into pairs (6) 7 In which to make musical jottings (8) 8 Goya's system of philosophy? (4) 10 Stay downstairs, possibly! (4. 2) 11 Complete a good book in the country (6) 14 Stone found in huge masses (3) 16 With which638 words
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REGIONAL
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562 1979-02-09 3 MALAYSIA has appealed to the UK to emulate the good example of Prance in safeguarding the interests of her former colonies in the European Common Market. The appeal was made by the Malaysian Deputy Director of International Trade in the Trade and Industry Ministry,562 words
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Article545 1979-02-09 3 Reuter AUSTRALIA is prepared to provide permanent asylum for a total of 30,000 Vietnamese refugees by June next year, Ambassador Tom Critchley said in Jakarta yesterday after a meeting with Indonesian Foreign Minister Mochtar Kusumaatmaja. He said Australia was willing to accept 800 "boat people" each monthReuter - 545 words
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180 1979-02-09 3 AP CHRYSLER Corp. has reached an agreement in principle to produce medium and heavy trucks in Taiwan. A Chrysler spokesman said the formal agreement is to be signed in late March after the government approves the project.lt will also be financed by the TaiwanAP - 180 words
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Article59 1979-02-09 3 A SURVEY by Wako Shoken k.k. Securities, showed 380 Japanese corporations will have an average increase of 22.3 per cent in their aftertax profits for the six months ending March 31. The survey also reported that profits before tax and special items for the same period59 words
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326 1979-02-09 3 Reuter BRITAIN and China have signed an agreement to collaborate in the development of China's non-ferrous mineral resources, the British Department of Industry (DTI) announced. The department declined to value the agreement, but industry sources said it could be worth £1 billion (SR3Reuter - 326 words
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Article121 1979-02-09 3 AFP HAYASHI Spinning Co, the largest spinning firm in Japan's chubu (central) district, has gone bankrupt with an estimated 60,000 million yen (***** million dollars) in outstanding debts. The debts are the largest chalked up by a collapsed Japanese textile company since Sakamoto Spinning of Osaka wentAFP - 121 words
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Article194 1979-02-09 3 AFP SOUTH Kwm'i earalags frsm Its avermm caastracttea wtrk mestly la West AsiM esaa tries uimuM to US*2,IH mllltoa (814.7 Mlltoa) la IKS, ap OJ per eeat aver the precedlag year, aecsrdlag to affldaJ figares yesterday. The geverameat Eeaaamle Plaaalag Heard repertod that thk year's earalagsAFP - 194 words
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410 1979-02-09 3 THE shift from rubber to oil palm in Malaysia has resulted in the decline of the importance of rubber'estates as a source of jobs in the estate sector. For the 10 years that ended in mid--1977, their share of employment declined from 82410 words
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316 1979-02-09 3 MALAYSIA sees the conflict in South-east Asia fomented by big power rivalries as an attempt by the big powers to gain an area of influence or to create a client state. Malaysian Foreign Minister Tengku Ahmad Rithauddeen was speaking at the dinner in honour316 words
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Article67 1979-02-09 3 UPI PRESIDENT Marcos announced on Wednesday moves to eliminate protective barriers in local and world markets. Speaking before the Philippine Federation of Textile and Garment Industries, he said Filipino businessmen must develop self reliance. "More and more, the government will move to the lifting of tariff barriers inUPI - 67 words
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Page 3 Advertisements
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Advertisement231 1979-02-09 3 Ricoh.The world's most preferred copier, Because it lasts. '■mmwM/' VV 1 >-r .c, isL-'- T *>mm > aSH The easily affordable compact DT 750 More worldwide installations than any other copter DT 1200 Proof: Independent consumer studies in the United States rate Ricoh's total performance consistently high. In the area231 words
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RAW MATERIALS
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Article, Illustration665 1979-02-09 4 Agencies. THE Japanese Trade and Industry Ministry has started careful studies on a possible release of part of its national copper stockpile totalling 50,370 tonnes, because of the metal's price upsurge. The Japan Mining Industry Association last Monday said the Japan Metallic Stockpiling AssociationAgencies. - 665 words
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Article354 1979-02-09 4 COCONUT oil prices firmed in a generally quiet and featureless produce market in Singapore yesterday. Oil millers here have been receiving a deluge of demand from overseas of late. The Soviet Union remained a strong buyer. Orders for a few thousand tonnes of coconut oil in drums poured354 words
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Article120 1979-02-09 4 WHEAT futures in Chcicago on Wednesday registered closing gains of 7V« to three US cents a bushel, influenced late by strength in soybeans and rigid gains in silver futures on the Chicago Board of Trade. In doing so, prices edged close to the highs set earlier in the day,120 words
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Article309 1979-02-09 4 OPENING quotations on the Singapore rubber market were marked up by 2.50 cents following firmer London advices and after-hours steadiness here on Wednesday. However, the market retreated slightly subsequent trading on profit-taking. Forwards were thinly traded. The morning session closed higher with February One RSS buyers quoted at 244.00309 words
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Article411 1979-02-09 4 Price* In cents per kilo yesterday: mm (per kflo) Buyers Sellers Int. 1 US S. prompt f o b. 243 50 244 SON Int. 1 R.S.S. February 244 OB 244 SO Int. 1 R.S.S. March 244 75 245 25 Int. 2 R.S.S. 240 SO *****N UK/Coat. 239.10 240.411 words
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Article132 1979-02-09 4 NOON SSR and SMR pnr» yeatenlav March ward Mtk) HAS V r brua r> (Carreat Mtk) (Far Barer! Seller* Barer* Ha liar* SSR 20 <1 ton pallet i 237JO 239 50N m 240 00N SSR SO II Ion pallet) 234 50 236 SON 235 00 237.00N MBBLB132 words
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Article66 1979-02-09 4 C.I.F. North European porta. In US dollars per ton unless otherwise stated LONDON: Tues Previous Malaysian 5HUa bulk per tonne April S7Sslr 672slr Sumatra 5% f fa bulk February 007': sir TOOsIr March 685 690pd 685slr April 680/682'? pd675alr pd662>>pd May 065/607 April/May 680pd Nigeria5H ffa bulk st«66 words
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Article862 1979-02-09 4 OILSEEDS: Brokers said the oils and oilseeds market yesterday were mostly firmly held due to strength in Chicago but trading was quiet. Soybeans were offered basis Chicago's close plus three to five US cents' protection but there was no noticeable followthrough demand during The brokers estimated that 70,000862 words
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Article, Illustration741 1979-02-09 4 CHEAPER PROCESS SOUGHT Depthnews Asia. IN A small but well-equip-ped institute at the heart of India's richest coal field, the Dhanbad-Jaria belt, scientists are working hard to find another source of energy This time, it is the cheap extraction of petroleum from coal. TransformingDepthnews Asia. - 741 words
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Article31 1979-02-09 4 Rubber: Feb 8 Singapore: February: 246.00 cents (up 3.50 cents) Malaysia: March 250.75 cents (up 2.50 cents) i Tin: $1,910 (up $15) Official offering: 197 tonnes (up two tonnes)31 words
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Article109 1979-02-09 4 THE SUGAR market yesterday continued Wednesday's quiet trend with two lots traded against none on Wednesday, dealers said. Sugar futures closing prices PrPVtMM CM« Mch 820 8.70 820 8.70 May 856 9.00 BSO 900 Jly 880 9.25 880 9.20 Sep 9.06 SO 900 9.50 Oct 915 CO 9.10109 words
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Article196 1979-02-09 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cettea jms: China Blue Phoenix 20s 2.385. 32s 2.910; 40s 3,110 (per bale of 400 lbs) PW* gee*: China Butterfly and Globe brand unq. Dragon Head unq; Five Lambs unq. Flower and Butterfly196 words
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Article77 1979-02-09 4 THE STRAITS tin price in Penang yesterday firmed another MS 15 to 51,910 per picul to stand S2lO above the International Tin Agreement ceiling. Despite London's easines, values hardened further on continued wolrd demand, particularly from Japan, the US and locally. Small contribuion of tin supples from miners77 words
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Article304 1979-02-09 4 SINGAPORE: Yesterdays closing prices in SS per kilo, ex-godown: THAI WHITE: 100 pet first class (Kangaroo), New crop 0 98, 100 pet second class 0 89. 100 pet third class 0.87, 25 pet new crop no stock. B-10 pel 0.T9 THAI BROKEN: A-super 062. Special 0.56. THAI RICE 55304 words
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Article111 1979-02-09 4 PROPELLERS late in the day by continued strength in metals, Chicago soybean futures on Wednesday climbed 16 1 < to seven US cents a bushel higher by the closing bell. Analysts attributed daylong firmness to the demand for precious metals highlighted here by limit-up Chicago Board of Trade silver111 words
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370 1979-02-09 4 Reuter. THE Hamburg-based weekly publication Oil World is holding closely to its earlier forecast of world 1978/79 oilseed production despite recently deteriorating crop prospects in the Soviet Union and Brazil. The publication says lower than expected output in the these two countries,Reuter. - 370 words
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Article78 1979-02-09 4 PAPUA NEW Guinea (PNG) has decided to limit rice imports to 65,000 tonnes a year. The PNG Prime Minister Mr. Michael Somare said this is a little below estimated record imports in 1978. He said the PNG government is alarmed at the extent to which78 words
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Page 4 Advertisements
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Advertisement205 1979-02-09 4 i IP \sV \Y^ The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive205 words
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OVERSEAS
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Article, Illustration453 1979-02-09 5 UPI WITH NEARLY 19,000 workers on strike at one of Britain's largest automotive plants the Long bridge factory in Birmingham of the state-run British Leyland Co it appeared likely that a full-scale strike by British Leyland's 100,000strong work force and shutdown of all itsUPI; UPI Photo - 453 words
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Article199 1979-02-09 5 Reuter IMPORTED cars accounted for a recgrd 53.86 per cent of the British car market in January, figures compiled by the Society of Motor Manufacturers and Traders (SMMT) show. Imported cars took a 50 per cent share of the market in January last year, an overall 1978Reuter - 199 words
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Article817 1979-02-09 5 ARRIVALS Service Local Operator Number Time From TMA TL345 0530 BEY/DXB BOM/ KUL SLA SQ88 0620 KWI BAH MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQI01 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP RBA817 words
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Article106 1979-02-09 5 Reuter THE American Treasury believes New York City will have a difficult but reasonable chance of balancing its budget in 1981 and 1962, Assistant Treasury Secretary Roger Altman said. He told the Senate banking committee New York can eliminate the estimated US$433 million (SsBo9Reuter - 106 words
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990 1979-02-09 5 NYT SECRETARY OF Energy James Schlesinger, who has become gradually but noticeably more stern in his warnings about a potential oil shortage, said on Wednesday that the prospect has grown more serious in recent weeks. In testimony before a Senate committee, he said that AmericansNYT - 990 words
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Article103 1979-02-09 5 AFP INTERNATIONAL oil suppliers including Exxon Corp. and Gall (Ml Corp. of the US have notified Japanese refiners of a one to two per cent price hike for their supplies for the cnrrent JanuaryMarch quarter. Oil industry sources said the American oii Interests, which supply crude toAFP - 103 words
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398 1979-02-09 5 UPI ITALY'S POLITICAL crisis deepened yesterday with the ruling Christian Democrats refusing Cabinet seats to the communists and the Marxists saying they will not support the next government without them. Caretaker Premier Giulio Andreotti refused to grant Cabinet seats to the nation'sUPI - 398 words
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321 1979-02-09 5 AP AMERICAN steel industry executives complained on Wednesday that the US government has failed to provide adequate protection against unfair foreign competition. Lewis Foy, chairman of Bethlehem Steel, told members of Congress from steelproducing states that imports could reach 25 million to 30 millionAP - 321 words
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WORLD IN BRIEF
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Article522 1979-02-09 5 AMERICA needs to Join with Canada and Mexico in an economic common market to avert an energy shortage in the US, Calif ornia Governor Edmund Brown Jr. said. Mr Brown said the Carter administration has caused unnecessary delays in oil and gas negotiations with Mexico. He said522 words
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237 1979-02-09 5 UPI ISRAEL uiHieed plans on Wednesday to establish a new towa ao the occupied West Bank of Jorian only heirs after receiveing a US lnvltattoa to attend resumed peace treaty talks with Egypt la Washington later In the menth. The state-ranUPI - 237 words
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Page 5 Advertisements
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Advertisement181 1979-02-09 5 The Shangri-La Health Club. A new concept in fitness and resort living. A m \v. i r r «iH O M V? k 4 Jll#W 4! ifr X Vk Cycle five miles a day. Take part in your own Walkaton Then follow up with a little weight lifting. Vibrate away181 words
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472 1979-02-09 6 THE MULTILATERAL trade negotiation is nearing a successful conclusion after a long hard road, US special trade negotiator Robert Strauss told Congress. And Mr. Strauss sincerely believes that he has led the way towards a new world trading order. The majority of the rest472 words
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Article317 1979-02-09 6 MALAYSIA'S call to Britain to emulate the good example of France in looking after the interest of her former colonies is a proposal worth looking at if for no reason other than that it highlights the problems that governments face in pursuing a course317 words
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Article, Illustration910 1979-02-09 6 Reuter. THE Philippines, after a long search for the elusive "black gold", joined the oil-producing nations in January and now forecasts huge savings in its fuel expenses. While the start of production from the South Nido 1 well in the South China Sea is consideredReuter. - 910 words
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Page 6 Advertisements
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Advertisement68 1979-02-09 6 w 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 GREAT EASTERN HOTEL Tel68 words
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Advertisement55 1979-02-09 6 Come and get it! r r u i# Lobatars. Bartoacua. Or tempting a la cart*. Tha choica it yours. Por a hearty meal. away from ail the hustle and bustle s no better place than tha Ficus Restaurant —at ApoMo Sentoea. OeW Cewaa SeNmnHne A. Apoio Santosa c Aaeae Haw55 words
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Advertisement59 1979-02-09 6 Hotel Royal-RAMADA Newton Road. Singapore 11. Republic of Singapore Telephone *****1. Telex RS ***** Cables HOTEIROYAi Indonesian set lunch daily for lovers of spicy food and our speciality I KAN MAS. Try our most-talked about air-flown steaks for gourmets. A special International Buffet, from 12 noon to 3 pm. every59 words
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Advertisement68 1979-02-09 6 In the GeoivianVftng rf the Cockpit a sptencbd Period restaurant onering the choioest fare in the true British tradition Crt|ritS»lrl a Might HI rrturn la U#li f »tf SPACfS >»here good tasie triumphsfrom Beef VCyiingtm Bttierfly Fillet and a wide choioe of traditional dishes. t> dining in a luxurious period68 words
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Advertisement22 1979-02-09 6 -WW f. 1 j EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations rinq *****3 extn 253622 words
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Page 6 Miscellaneous
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Miscellaneous44 1979-02-09 6 BriStoW: Frank Di ckenS Heße ue Go RG>fMrt pkfT«&R my fpyßuuovjs rdRTVJiGHT \M TWC SON •sfe t«KDU> TH€J4 COURT'S B ViS»T TO TOPO/ -TwAG FvfcCO'S CRftUltfc 0RlS"TOVO —N/OVJ LOOK SlsP l t IMCReOtBIf S^Ouivl, L&PiN CHOC Full v OF fcNfcRGV. PO SVMJCX^, G*vt over...44 words
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Miscellaneous877 1979-02-09 6 World vs Marie Curie THEBE Jr aae programme w«rtk watching taaigh t. What a rrlW. It's, af ewne, Marie Carte at SJf p.n., chaaael Perfectly geateei, latelHgeat eatertaiameat. Part For taaight takes as thraagh Pierre's Mag awarded the Nsbei prise, Us death, aad Marie's grief as she heglas ts pick877 words
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Article, Illustration2207 1979-02-09 7 TOMORROW Singaporeans in Ave constituencies will go to the polls to elect their representatives in Parliament. Most, if not all, will have been visited In their homes by at least one, if not both, of their candidates, or had campaign leaflets poshed under their doors daring2,207 words
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Article305 1979-02-09 7 AN ENTHUSIASTIC little advertisement in the Ceylon Daily News tells you all about Lion Brand biscuits from Singapore. "Available in 26 varieties, packed in attractive Tins, Packets, and Polybags. Taste all varieties. Especially extralight 'Cream crackers', lovely flavoured 'Nice biscuits, cookies,' and chocolate flavoured 'Peter Pan305 words
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781 1979-02-09 7 Leonard Silk - FORUM, ...with Leonard Silk NYT. PRESIDENT Carter's budget plan, as submitted to Congress, calls for reducing the Federal deficit from US$37 billion this year to 529 billion in the 1980 fiscal year and $1 billion in the 1981 fiscal year, with a $38 billionNYT. - 781 words
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Page 7 Advertisements
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Advertisement298 1979-02-09 7 a VSfe Have A Great Thing Going H nrJi At the Great Eastern Hotel. Raja Theatre Restaurant and Nightclub. With lots of attractive hostesses to charm your heart. Come over- our foreign singers will woo you, while you dine the most exotic meal. Nightly floorshows to entertain you too. We298 words
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Advertisement73 1979-02-09 7 ORCHID INN 214 Dunearn Road, Singapore 11 Tel: *****2 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAFFLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 Tel: *****4 SINGAPURA FORUM HOTEL 585, Orchard73 words
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INTERNATIONAL STOCKS
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Article, Illustration271 1979-02-09 8 UTAH Development has re- ported that unaudited 1978 profit fell to A 5138.23 million from $158.3 million on mineral sales revenue decline of $604.71 million from $622.35 million. Profit is after income tax of $132.08 million ($126.41 >• million), state and federal levies other271 words
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Article219 1979-02-09 8 AFP., JAPAN'S Tm Domestic Airlines (TDA) has Informed the Transports Ministry that It has decided to bay six A-3M Airbuses jointly developed by Ave Earopeaa countries. A leading Japaaeoe dally, Asahl,'re parted that TDA plans to arder three A-3M§ la IIM aad aaather three la IWI.AFP., - 219 words
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Article86 1979-02-09 8 BOEING, which has been enjoying brisk aircraft sales in recent months, has awarded shareholders with a three-for-two stock split and increased the quarterly cash dividend to 37-1/2 US cents a share from 30 cents on pre-split shares. The split, in the form of a stock dividend, will86 words
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Article67 1979-02-09 8 AFP. THE JAPAN International Bank, of London, made a profit of £3.1 million last year, up slightly from £3 million registered in 1977. The company has proposed a dividend of 5 per cent. The bank was founded in 1970 by the Fuji, Mitsubishi, Sumitomo and Tokai banksAFP. - 67 words
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Article126 1979-02-09 8 Reuter PAN AMERICAN World Airways has reported a loss of US|4.6 million, or six cents a share, for the fourth quarter of 1978, compared with a loss of $9.5 million, or 22 cents, for the corresponding period a year earlier. But for all of 1978, the No.Reuter - 126 words
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Article74 1979-02-09 8 Reuter BRITISH AIRWAYS said it ordered two Rolls Royce powered TriStar Jetliners from Lockheed worth £50 million, for delivery in March next year. It said the order is worth about £15 million to Rolls Royce. British Airways has now ordered 17 TriStar Jets in threeReuter - 74 words
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175 1979-02-09 8 Reuter ASHLAND OIL intends to sell some of its oil and gas properties for US$6O7 million as part of a major corporate reorganisation announced last summer to improve profitability. The company's latest plan calls for the sale of its midcontinent region oil and gasReuter - 175 words
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Article129 1979-02-09 8 Reuter DOW CHEMICAL said its fourth quarter profit increased to U*****.3 million, or 76 cents a share, from $103.1 million, or 57 cents a share, over the corresponding period the year before. The company also said revenues were $1.82 billion, up from $1.55 billion aReuter - 129 words
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Article138 1979-02-09 8 Reuter BORDEN, the food and chemical company, has announced record fourth quarter profit of U5532.98 million, or $9.88 a share, an increase of 15.7 per cent over $28.52 million, or 99 cents a share. In the prioryear period. Sales of $999 million for the quarter wereReuter - 138 words
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Article1276 1979-02-09 8 NEW YORK STOCK prices tumbled over a wide area in moderate trading on Wednesday on worries about the cutoff of Iranian oil and US conservation moves planned to cope with the shortfall. Energy Secretary James Schlesinger said the loss of oil from Iran is potentially more1,276 words
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Article214 1979-02-09 8 FEB 07 Ct Abitibi IT* Alcan OH unch Attorn* a« Bank Mont 25S Bank Nova ScoUa 25 S 1* Bell Tel CSS Beth Corp BP Can Ltd 21H H Braacan 1SH Camp Red Lake 41* V, Can imp Bk -H Canpac 14* Canpac In* Pf Canine OTCeefe USB 4*214 words
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Article308 1979-02-09 8 FEB 07 Rand INDUSTRIALS A Alpha I4A unch Abercom 257 7 AE And CI 375 -5 A MIC Barlows 1*10 542 10 2 a."*" Currte Finance De Been Ind sao 210 25 unch 107 1450 ♦1 -25 Ed con Edgars 350 4100 as unch -50 Eveready Fed Vol* 5308 words
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Article330 1979-02-09 8 Source: SHK Sec Ltd AFTER a very quiet and nervous opening, prices quickly (ell as persistent small sellers found buyers lacking confidence. Continued unrest in Iran, the conflict in Kampuchea and the spiralling gold price certainly affected sentiment but on the whole dealers were expecting a technical correction andSource: SHK Sec Ltd - 330 words
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Article249 1979-02-09 8 r*t« Bakt *b Bank of Asia Ml ♦2 Bangkok Bank 312 ♦2 Bank of Ayudhaya Ltd 276 •M Bangkok Metropolitan Bank 1.282 +•0 Laem Thorn Bank unq Thai Commercial Bank 556 unc Thai Danu Bank unq Thai Farmer* Bank 3M Union Bank of Thailand 387 Industrial Finance Corp 2.296249 words
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EUROPEAN MARKETS
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Article184 1979-02-09 8 FES on Francs Action* Sulaaes 303 2 Alusuisse Br 1340 *40 Alusuisse Res. Brown Bo*eri Br no 1790 10 10 Clbs Oelfj Br 1210 10 Clba Oelfjr PC_ MS 30 Cite Oclfjr Rm Credit Suisse Br an 2345 1 35 Credit Suuk Ret 445 7 Oektrowau Br 1H0 S184 words
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Article267 1979-02-09 8 FEB Of Fr» A CORBEILLE Air-LlquMc mm -a B 8 N Orrval* D*none 90S C 8 F (Thomaon- 356 -1 CI* Fnnctlit tfe* Petrol** 137 10 HI Compajnie Financier* Compacnle Generate m 42 Credit Ponder De France 425 -J Harriett* (Ubralrle) 230 .1 Machines Bull MM 05 Mlchelln (Bi267 words
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Article79 1979-02-09 8 rra 07 m FORWARD MARKET Ae«e «u •4 AftMd zn -n Aatur 710 -H Brmacmn BrviL&mb 452 U1J -a 14 Ml soo 4 It D» Bacn SI] unch DcctroM M9II Ob-Inno-Bm IMS uoch »T ITTi H«M ma -106 Petro JTJO Rri Dutch itao mtfrn 730 8oc 0*n Be Ig79 words
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Article181 1979-02-09 8 rtB vi n* ABM m so -01 Ahold mac -04 A*ao 2810 -U AMKV tt«o -OH Amlu 1I2J0 -*7 Am rot Bank 77 JO ■u 5STL— Bote J7JC mob ouo -u 4i Bonumij 1T0SC 2 Burhmann uao -05 ■U Bjrnkorf to no CkJT* Delft 1(0 jOO -03 Otll Ml|181 words
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Article80 1979-02-09 8 FEB 07 Urc Ante 34J0 «1B Aaaoc Om Butoct r#ntr«U 3(oio *m S30 +14 rtw PmskJer sss ait 173 Oen linmot) in m Itaieemcnu •-2S -0-25 an -s M 1W8 If i mSm m -i MM 3 73 563 *14 as *u MM IOC Minium Mondadori 32S00 300 am80 words
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Article205 1979-02-09 8 FEB <n Dm Aef-Tetefunken UN riM -oi AU« LAtn tnooo -30 A1H V»rt -J BASr ***** +0.1 Bay H T Wbank 200 00 Bay Vbank ***** -j Bayer U6J0 unch BBC 2BJJC »OJ BMW 237AO .1 CMKlta 386 06 -J Ctiem V«rw 230)0 -14 Commerzbank ***** -2.1 Contl Oumml205 words
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634 1979-02-09 8 TOKYO THE MARKET opened firm yesterday, centring on machine tool stocks and chemical issues owing to continuing buying by individual investors and mutual funds. This reflected Wednesday afternoon's bullish sentiment. Resources-related issues such as Nippon oil and Teikoku oil also rebounded. In addition, export-related issues634 words
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Article256 1979-02-09 8 FEB Cenu INDUSTRIALS a r i m 8 A N. L its 5 A. P. M IB -J Ampol Pel B HP 77 1 W Bank NSW BO J BonU 246 4 BrusN« 116 •4 C. B. A m unch C. 8. R. an •1 Coal Allied 4*0 unch256 words
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Article50 1979-02-09 8 FEB Peso* Acoj* Mlnlnf Altai Con A AUrnj Con. B. .0106 HI at jo unch 1 Bafulo Ooid Bencuet Con. B BT Ooodrtch cdcp jOU sue -0 0006 0.25 1 -G2 2300 i«™ agS Ban Mlcuel A Bui Miguel B Scafronl «-B 013 Utlphli IUD -12 Vulcan JOU unch50 words
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Article65 1979-02-09 8 FINANCIAL TIMES INDUSTRIALS Wednesday 455 2 Tuesday™ 454.8 Week Ago 407.7 DOW JONE8 AVERAGE INDUSTRIALS Wednesday 816.01 Tuesday 822.86 Week ago 830.22 LONDON DOLLAR PREMIUM Wednesday SO'/. to 00*. Tuesday 04 H to 04% H.K.HANG SENG Thursday 545 52 Wednesday 553.53 Week ago 540 46 SYDNEY INDUSTRIALS Thursday65 words
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Page 8 Advertisements
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Advertisement420 1979-02-09 8 This Month's New Penguins The Sixth Sense: Rosalind Hey wood The Sixth Sense is the record of man's investigation of his mysterious sixth sense, dating from the foundation of the Society for Psychical Research. A classic in the Study of ESP phenomena. 'A most remarkable, comprehensive and stimulating book' The420 words
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BANKING AND FINANCE
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686 1979-02-09 9 Reuter THERE IS a reasonable chance that the European Monetary System (EMS) will become operational between the conclusion of the EEC summit on March 12 and 13 and the following finance ministers council on March 19. Luxembourg Finance Minister Mr. Jacques Poos said the presentReuter - 686 words
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Article207 1979-02-09 9 UPI BRITISH banking official Thomas Stoddart was arrested by French airport police yesterday and detained in prison on charges of being a central figure in embezzlement of funds valued 37 million francs (Ss2o million) from the Credit Lyonnais Bank. Mr. Jean Pierre Michaud, the investigating magistrateUPI - 207 words
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MONEY AND EXCHANGE$
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Article338 1979-02-09 9 GOLD futures yesterday turned easier in the afternoon after a sharply higher opening, but prices still closed firmer from Wednesday, dealers said. Trading was very active throughout the day and a record turnover of 544 lots was reported, surpassing the previous high 360 lots of Feb 2 and Wednesday's338 words
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Article467 1979-02-09 9 THE US dollar rallied yesterday on foreign exchange markets as traders decided that Wednesday's drop of the currency was too sharp. Opening at a low 195.05/ 15, the dollar quickly firmed to 195.50/60 and then to Tokyo's close of 195.90/ 196.10. When London opened, the dollar moved up467 words
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Article186 1979-02-09 9 Asian rates ASIAN currency deposit interbank rates as at close on Feb 8: L'S DolUrs(Spot) Offer Bid 7 days 10 7/16 10 5/16 1 month 10'. 10 s 2 months 111/16 1015/16 3 months 113/16 111/16 6 months 115/16 113/16 Smooths 11'. H'» 12 months 11 n>> 1 month 3186 words
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Article53 1979-02-09 9 R«"|f of prices offered b> discount houses on Feb 8: Overnight 4' Call deposits 4' ,U to 4' > r A Ctosisf Buyisg Sellisf 3 month Treasury bills 4 J 4'4 3 month Bank bills 77/16 75/18 3 month CD 7' 7 6 month CD 7 J 7'. Source:53 words
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Article232 1979-02-09 9 THE US dollar for overnight delivery yesterday closed at 196.70 yen, up from a 195.70 opening but down from 197.60 at Wednesday's close after falling briefly to the year's low of 194.60 in early trading. The Bank of Japan was believed to have bought a small but unspecified amount232 words
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Article65 1979-02-09 9 QUOTES on the Australia and New Zealand exchanges on Feb 8: AUSTRALIA: US dollar 1.1422/1.1374 Sterling 0.5687 0.5620 Ninety-day airmail buying rale*: Sterling 0 5928 US dollar 1.1816 Ninety-day forward buying rates: Sterling 0 5775 US dollar 1.1499 NEW ZEALAND Bank indicators: Sterling 0.5276 0.5246 US dollar 1 066265 words
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Article21 1979-02-09 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.75 per cent.21 words
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Article210 1979-02-09 9 THE DOLLAR yesterday opened stronger against Wednesday night's closing levels and earlier Far East trading levels in moderately active early trading, dealers said. It firmed to open at 1.8410/20 marks after closing here at 1.8360/80 on Wednesday night and falling to a low of 1.8270/90 in Far East trading,210 words
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Article153 1979-02-09 9 THE US dollar yesterday firmed against most major currencies in late trading, dealers said. Late trading was active and nervous, as operators covered short positions and took profits in contiental currencies and yen. The US currency rose to a late 196.90/197.10 yen from new york's 195 00/50 close and153 words
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289 1979-02-09 9 THERE will continue to be downward pressure on the margins on Eurocurrency credits in 1979 unless there is an increase in demand for credit within the United States which may encourage a switch of lending emphasis by US banks to their own domestic market,289 words
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376 1979-02-09 9 Reuter THE AUSTRALIAN government is facing a dilemma over its interest rate policy, banking and money market sources said in Sydney, but they believe that the policy will not affect the government's 1978/79 budget deficit financing to any degree The problems will come inReuter - 376 words
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Article152 1979-02-09 9 Reuter JAPANESE Finance Minister Mr. Ippei Kaneko said Japan should strive for currency stabilisation and to regain balance of payments equilibrium. Japan should also strive to gain a reputation that she can influence the world economy seriously. Mr. Kaneko told a meeting of theReuter - 152 words
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306 1979-02-09 9 IT IS belter to barrow la a weak earreaey to minimise foreign exchange risks, Lord Catto, chairman at Morgan GrenfeU saM in a talk Jaiat vtmtarm (lacladlag tkir4 caaatrtea) aa 4 project finance at the City af London seminar in It nala306 words
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Article65 1979-02-09 9 Reuter THE US$5O million (Sslo9 million) 15-year, 10 per cent Hudsons Bay Co. Eurobond was priced at 101, lead managers Morgan Stanley International said. Meanwhile, the province of Manitoba is to issue a $75 million, 10-year bullet Eurobond with a coupon of 9 1/2 per cent,Reuter - 65 words
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Article313 1979-02-09 9 ONG TRADITION Singapore (Pte.) Ltd. will begin interbank deposit brokerage business in Singapore next month. This was announced yesterday by Mr. Ong Tjin An of Ong and Co. and Mr. Silvano Naggar of Tradition SA, Switzerland. The new firm brings together one of the313 words
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288 1979-02-09 9 Reuter JAPANESE underwriters have persuaded some Japanese corporations planning to float corporate bonds in February to cut their plans to a total 190.60 billion yen (Ssl.4 billion) from the original 161.10 billion, because of a sharp decline in corporate bond prices on the secondaryReuter - 288 words
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262 1979-02-09 9 Reuter THE JAPANESE finance ministry said it has asked Japanese financial institutions to apply self-restraint in loans to realtors and other borrowers for land acquisitions. In a verbal statement to representatives of the Federation of Bankers Associations and other organisations, Mr. Hiromi Tokuda, directorReuter - 262 words
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Article95 1979-02-09 9 SOUTH African gold holdings rose 111.37 million rand in January to 1.79 billion. The Reserve Bank said gold reserves valued at 183.28 rand an ounce at endJanuary totalled 9.77 million ounces,' compared with December's reserves of 9.79 million ounces based on a valuation of 171.58 rand95 words
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Article59 1979-02-09 9 THE BANK of Montreal said it has reduced its US dollar base lending rate to 12 per cent from 12.5 per cent effective on Tuesday. The rate is that charged on US dollar-denominated loans made in Canada. The bank said the action was taken in response to59 words
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Page 9 Advertisements
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Advertisement141 1979-02-09 9 M. "7a 3fe •V -Z JJ M*. jH??- 3* St w SB®.'. MR <#Jk ar < ps» !V: SS-8.5 <-8 SB rar- i H* s H IW Kill A sequence of twenty episodes in the life of Ayer Hitam in Malaysia, seen through the eyes of the resident American Consul.141 words
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DEALS DONE ON THE SES AND KLSE*
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Article1549 1979-02-09 10 BID and offer prices officially fisted and business In and ported to the Stock Exchange 01 Singapore yesterday with the Dumber of shares traded shown la brackets in lots of 1,000 units •nless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". 4 Big Board1,549 words
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Article90 1979-02-09 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday, the period, bids and offered prices and business done, if any. with the number of options traded shown in brackets Hum P E (March $1.80) (0.368 0.445). leeheaee (March $1.30) (0.308 O SS) Paa90 words
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Article143 1979-02-09 10 4 1/2% 1 8/80 (250,000) (99.208 99JOS) (4 99 30 4 3/4% 15/9/80 (250.000) (99 SOB 99 90S) 5% T F I 5 83 (250,000) (*****8 *****6) 5 3/4% T F 15/6/81-84 (290.000) (102 JOS) 5% 13/11/84 (250.000) (*****8 100. OSS) 7% 15/4/85 (250.000) (100 808 100.956) 7%143 words
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Article151 1979-02-09 10 murouinornu ■T (Ikain' prteaa fcrFW The Commerce 2 18 111 The Saving Find 1.X 144 S pore Prog Fund O.St 101 S" pore Sec Fund l.T» 1J7 S pore Invest Fund 1.23 1.30 AAA UNIT T sun Mai Invert Fund tor FM B) 2 26 131 Mai Prog151 words
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Article2592 1979-02-09 10 Gr« Gr'« Net 1978/79 Laat Div Div YTd P/E Vol Day High Low Company Sale or- Cvr (*000) High Low SECTION ONE INDUSTRIALS 272 132 Acma 218 unch 12.0N 15 55 23.6 9 219 217 190* 123* Alcom 185 10.0 2.2 5.4 13.7 178 107 Allied Choc2,592 words
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Article1741 1979-02-09 10 BID and offer price* officially Hated and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In bracket* in lots of 1,000 unit* unless otherwise specified IN OUST lIIA LS A) in •met* (2.508). A town (2) I1,741 words
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Article, Illustration695 1979-02-09 10 SHARE vtliet were writtea 4m a broad treat far Uk fifth day raaalag sa the Steeh Exchaage of Slagapare yesterday. Valame was ifcrate and heavily ceateatratod sa a scare •r m tanei wklck last aat significantly. The reeeat laerease la primes aad the Iraalaa695 words
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400 1979-02-09 10 SHARE PRICES were dealt broadly easier for the third consecutive session on the Kuala Lumpur stock market yesterday. The selling pressure, however, was reduced slightly and prices recorded comparatively smaller losses at the close. An attempt at rallying was discerned when prices400 words
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LATEST RESULTS
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Article66 1979-02-09 10 Net 1978 profit M 5820,000 ($1.47 million), on sales $35.95 million ($36.19 million). Final dividend 4 per cent gross (15 per cent on capital before one-for-two bonus issue) making 10 per cent (15 per cent before bonus issue). The, company said production fell last year66 words
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Article34 1979-02-09 10 Consolidated net profit $750,000 ($2.37 million), ye*r ended last Feb 28, on sales $4.80 million ($5.90 million). *Hte company said lower profits and sales reflected production losses due Id heavy rainfall.34 words
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COMPANY NEWS
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Article, Illustration712 1979-02-09 11 ANTHONY TAN - By ANTHONY TAN FAR EASTERN Hotels Development (FEHD) has been removed from the Stock Exchange of Singapore's official list since Tuesday, Feb 7. This comes after three years of suspension from trading. The company which owns Hilton Hotel was suspended on the exchange in January 1976712 words
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Article, Illustration542 1979-02-09 11 THE HIGH prices investors are paying (or Castlefield (Klang) Rubber Estate may be based more on its potential asset worth than on its earnings prospects. Stockbroker Laurence Prust said in its latest investment bulletin that the price level may be mainly due to the542 words
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Article1875 1979-02-09 11 SUSAN BEVAN - UNITS TRUSTS ARE OPEN-ENDED FUNDS Yesterday SUSAN BEVAN outlined the reasons why the small investor should buy unit trusts rather than go direct into the market himself. In this last of a threepart series, she elaborates on the actual operations of unit trusts.1,875 words
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Article215 1979-02-09 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year M Cement 12.5%(n) Dec IS Jan 11 Feb 8 12.5% 20% BAT 17% Jan 22 Jan 26 Feb 10 17% Shangri-La 8% I Feb 1 Feb 8 Feb 15 8% 15%(a) Perlis215 words
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Article111 1979-02-09 11 Company Particulars Ex Date Books Close C A C Bonus Issue of 1 for 2 Feb 2 Feb 9 MBS Rights Issue of 1 for 2 >r $2.00 per share Feb 7 Feb 19 STP (1975) Bonus Issue of 1 for 3 Feb 13 Feb 20 P. Products111 words
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Article224 1979-02-09 11 wm by HOCK LOCK SIEW AFTER FIVE caasecatlve days a( decliae, the market should be poised far a reaction evea tboagh It may be temporary la aatare. This is hew meat brokers view the state ef the market which baa, star* last Friday, laat about 4 per centby HOCK LOCK SIEW - 224 words
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Article107 1979-02-09 11 reported by Rothmans of Pall Mall (Malaysia) showed a nominal growth of about 1.5 per cent only to M 5114.22 million for the first half year ended Dec 31. 1978. Profits, however, showed a better growth rate of 6.6 per cent to $5.87 million for the same period.107 words
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Article31 1979-02-09 11 has changed its postal address eith immediate effect to Lot 5710, Jalan Kucha i Lama, Petaling, Kuala Lumpur 21-16. The P.O box, telephone and telex numbers remain unchanged.31 words
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Article139 1979-02-09 11 has been ap- proached by an unnamed party interested in acquiring Jack's 50.02 per cent holdings in UK-based subsidiary William Jacks and Co Ltd. The parent, however, says it is too premature to say where this bid approach might lead to, suggesting that it is139 words
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Article280 1979-02-09 11 Letter to the Editor I READ with considerable interest the article in TAKING STOCK... on page 11 of Wednesday's issue of The Business Times. With respect, there is no consolation for an investor to know that a company delaying the transfer registration of share certificate is liable under280 words
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Page 11 Advertisements
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Advertisement393 1979-02-09 11 SSSam»im'" nma SANDYiAWKES V six KILLING TIME by Sandy Fawkes Sandy Fawkes felt like screaming inside. The man she'd spent si x days and nights with "a cross between Robert Redford and Ryan O'Neal" had just been revealed as a mass murderer, rapist and a pervert. Sandy lived to tell393 words
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631 1979-02-09 12 Reuter, UPI US SPECIAL trade representative Robert Strauss said the multilateral trade negotiations (MTN) are 98 per cent complete and will be finished by the end of this month. "We will conclude them by the end of February," Mr Strauss told the HouseReuter,; UPI - 631 words
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Article464 1979-02-09 12 WORLD TRADE rose to a record US$l.2B trillion (about 5J2.7 trillion) last year, the General Agreement on Tariffs and Trade (Gatt) said yesterday. The increase was 14 per cent in value terms, measured in US dollars and distorted because of the dollar's depreciation. In volume, a464 words
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Article806 1979-02-09 12 LONDON, Thurs. Leading shares closed up to 12p lower as concern over the UK industrial outlook was reinforced by the increase in minimum lending rate to 14 per cent, dealers said. At 3 pm the Financial Times index was down 7.9 at 447.3. Government stocks, which had recovered806 words
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197 1979-02-09 12 AFP Mwc thaa Ijm bulla air f*rtc mea, IfMlag a aamber sf sfßeers aid pUats, aad *b»ot 1M soldier* iMk la the streeta today to Ha ttoas ppsitlag the Ayatoßafc Khtmrlsy This was the first time that members s( the armed forces had apealyAFP - 197 words
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Article, Illustration332 1979-02-09 12 Reuter, UPI SEVERAL warships of the huge Soviet Pacific fleet are cruising off Vietnam as relations deteriorate between Hanoi and Peking, Japanese Defence Agency sources said yesterday. The sources, quoted by Japan's daily newspaper Yomiuri, also said that a large number of ChineseReuter,; UPI; AP photo - 332 words
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452 1979-02-09 12 JOHN LIM - By JOHN LIM SINGAPORE'S national flag carrier is flying to greater heights, increasing its capacity to accomodate a growing passenger and freight volume. However, as the Singapore Airline's capacity increase was 28.1 per cent in December last year against December 19T7, the heftier increase452 words
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318 1979-02-09 12 LOCAL HOTELS may, in future, be able to tap from a proposed Labour resource pool to supplement their staff when a labour shortage situation arises. "This will ease the problem of an acute labour shortage faced by hotels here," the newly elected president of318 words
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Article400 1979-02-09 12 MARGARET THOMAS - BATTLE OF THE VOTES By MARGARET THOMAS SOME 1,000 people turned up last night at Alkaff Avenue in Sennett Estate to listen to Potong Pasir Independent candidate Chiam See Tong at his final election rally. Mr. Chiam said that despite all the public reassurances about the400 words
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Article334 1979-02-09 12 GOH ENG KEE - By GOH ENG KEE THE People's Action Party's candidate for Potong Pasir, Mr Howe Yoon Chong, said that he chose to stand for the by-election in that constituency because it presented a much greater challenge than the other constituencies. He told a rally at Lorong 8,334 words
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Page 12 Advertisements
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Advertisement135 1979-02-09 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are quoting the following for Singapore Dollar terrr deposits up to SS2SO 000 1 month SJ/«%5 J p.a. 3 months 6V«°/o p.a. 6 months 6'/4°/o p.a. 9 months 6%% p.a. 12 months 6'/j°/o p.a. Savings135 words
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Advertisement357 1979-02-09 12 illj mm: A HOME? Then look (or it in Business Times classified property advertisements an easy to read guide to the available properties at the top end of the market. Home-hunters are especially catered for in the new LEISURE TIMES supplement that comes with Business Times every Saturday morning. If357 words
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Page 12 Miscellaneous
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Miscellaneous60 1979-02-09 12 Outlook for Singapore from 6 a.m. to noon today: Isolated showers around midday. Report for 24 hours prior to 7.St p.m. on Feb 8" at the airport: Maximum temperature 32.1 Associated humidity 57 Minimum temperature 24.6 Associated humidity 95 Hours of sunshine 7.90 Rainfall in millimetres Trace Total rainfall for60 words
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SHIPPING TIMES
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PORTSIDES
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Article91 1979-02-09 13 THE SHAREHOLDERS of of Guthrie Boustead Shipping Agencies, Guthrie Bhd and Bousteadco Singapore, are currently reviewing their interests in their joint venture following Sime Darby's takeover bid for Guthrie Corp. Each company has a 50 per cent stake in the shipping agency which was formed in January 1966.91 words
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Article68 1979-02-09 13 Reuter. DENMARK'S government has rejected shipowner requests for temporary financing assistance, a Trade Ministry spokesman said. The Danish Shipping Association had presented proposals to Commerce Minister Mr Arae Christiansen calling for a two-year moratorium on repayments of mortgage loans from the ship credit institute, opportunities for shipping companiesReuter. - 68 words
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Article73 1979-02-09 13 Reuter THE Association of West India Trans-Atlantic Steam Ship Lines announced a new currency adjustment charge of positive 25 per cent from positive 26 per cent on rates of freight for traffic to and from Hamburg/ Bordeaux range, Marseille and Polish, East German and Soviet Baltic ports, effectiveReuter - 73 words
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Article570 1979-02-09 13 RAHIM KASSIM - By RAHIM KASSIM THE JAPANESE joint container service from the Far East to the West Asian port of Jeddah will be considerably strenghtened with the addition of another ship to its fleet of two now operating in the trade. The service, formed jointly by570 words
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Article178 1979-02-09 13 FREIGHT aauketo still basaed wttft speealattea aa there are pmMnee Sevtet tUa «f aw*'waT'tair lags eaaae to igkt aad •ther Meters «f Mmh appeared aaaffeeted. Nertk Atlaatle grata •peratteaa dwindled te fast a 57,000-tea Febraary •klpmeat fram V 8 QmM to Hellaad by Ike Jhaari El Baal at178 words
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Article, Illustration211 1979-02-09 13 AN AUSTRALIAN company, Insul-8 Pte. Ltd. has introduced its progressively advanced mobile electricity distribution systems to carry power for cranes, hoists, conveyors, transit systems and other moving equipment. It supplies both rigid bar and festoon cable designs. The conductor bars in the "Insul-8 Bar" systems are available211 words
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2595 1979-02-09 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 of2,595 words
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Article122 1979-02-09 17 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. K' Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO (STRAITS/AUSTRALIA): Australian National Line Australia/Straits Container Line Nedlloyd Lines Neptune Orient Lines JABCOL(STRAITS/122 words
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Article536 1979-02-09 17 SMpptogU* ACS Afea Agulla Alfred All trans Alpac Angkutan ANL APL Arya Nat ASCL Asia Merchant Atlas AustCont Page n IV IV V V IV IV I m n m m V IV Cat 5 3 2 3 3 5 1 2 5 5 2 2 5 Bank Banner536 words
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Article948 1979-02-09 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 chahge (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the948 words
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Article895 1979-02-09 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Unipaeific. Alpac895 words
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Article, Illustration434 1979-02-09 18 A TEAM tram Ptln-Weawz ud Scbermnly, the lending British maaafkctmrn M mrfaw pyrotechnic dhtrai signals, is in Singapore to Introduce its latest mage sf prodscts to its distributer aad agents in the region.Some N d the company's more than 1M distribaton worldwide, coming tram as tor away434 words
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Article379 1979-02-09 18 Lloyds List. What is claimed to be the first slicing of a ship horizontally has taken place in a British shipyard. The top section of the sliced ship, involving approximately 2,800 tonnes of steel, was then lifted nearly 1.3 metres by hydraulic Jacks, so that an additional centreLloyds List. - 379 words
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Article, Illustration295 1979-02-09 18 fixPECTED ARRIVALS TODAY KEPPEL WHARVES Altcar (after Neptune Tourmaline) 44 Barge Tian San No. 1 (0830 alonside Great Honor) 40/ 41 Bunga Raya (0530 shifts for P/O) 13/14 Foochow (1100 after Bunga Raya shifts) 35/36 Hoegh Pride (2130 after Trieste) 31/32 Jintsu Maru (1100) 46 Kota Bali295 words
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Article89 1979-02-09 18 AFP THE Federation of Port Workers of Sydney (Australia) has decided to stop loading and unloading ships going to or coming from China "to protest against Chinese policy on Vietnam," the Vietnamese news agency said. Quoting reports from Canberra, the agency* added that the Sydney dockers wereAFP - 89 words
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Page 13 Advertisements
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Advertisement299 1979-02-09 13 3^ vO^ XO^ Europe Our Next Loader Port Kplanq- 25/2 Sinnaporp 12/2 For further details, see page 3 A RI) INI I \H Orient Overseas Co*Uci*teA Line FULLY CONTAVOSED SERVICE TO EUROPE (VIA SUEZ) OCVAIO RO3 IT* I KOREAN lACENON IN 11 SEAS BROGE 20W I OMNTAI RESEARCtCR (N A*299 words
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Advertisement288 1979-02-09 13 m UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** D WT, 105 TON H .L. Derrick 288 TEU Capacity, Long Length Capability. ARABIAN GULF WEEKLY SERVICE; Vessel I S pore Loading for TABUK 13/2 Kuwait (24/2). Dammam (4/3) Abu Dhabi (6/3). Muscat (8/3) BM YOUNUS 28/2 Dubai (10/3), Abu288 words
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Advertisement178 1979-02-09 13 NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE Y CONTAINERISED SERVICE STRAITS/AUSTRALIA RO-RO CONTAHER SERVICE 1 4 mmtm tt *m kn C—«rtM« TO AND FROM AUSTRALIA: 3 Mb 111 »F* a r* t h> M i 4 Mb It Mb 111 •Mm Kcaptat HmUpmiiH Cjrf* a/ktm I U.S.A. COWTWED178 words
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Advertisement664 1979-02-09 13 Australia Our Next Loader Port Kelang- 15/2 Singapore: For further details, see page 3 nafflEpnnaE n 1 m FULLY CONTAINERIZED FAST DIRECT WEEKLY New York Pn.iaowp" a Btiumwt M/ 2 ta. Maank U/2 1.4 inn iiiMiiria "'I 21/2 n/i vi a/2 FOR Quit vess«i Singapore Port Kpiang Panang Kuwait Krvxramv^rv664 words
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Page 14 Advertisements
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Advertisement646 1979-02-09 14 Hapag-Lloyd FULLY CONTMOISED TO EIMOPE Tafcn Eiprns Oiakaby Kawfi Hani Lmerperi Bay Thames Mara Kowtow Bay Kamakwa Mara Bremen Ciprm EXPRESS CONVENTIONAL TO EUROPE Snore P*«an» Pen Hbao Genoa HWf Bremen Warn Antwerp Peter Ri 20/2 22 2 25/2 27/3 1/4 6/* 3/4 31/3 Mailt 14/3 15/3 18/3 17/4 10/4646 words
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Advertisement447 1979-02-09 14 It/i» Apr 21/22 Apr 4/S 27 Apr a Apr Apr Fab 2* Mar 9 *p.» *r «p-?» Mr Apr 23 Hit 3 May rrn M> 27 Hp Mar 30 Dp *P» Apr ftp, (MC) (UC) 11-11/2 17-15/2 21-23/2 5/5 5/5 11/5 JT 14-15/2 I 24-21/2 B 19 20/4 21-21/4 23-24/4447 words
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Advertisement647 1979-02-09 14 r EVERGREEN LINE .EVERGREEN MARINE CORPORATION* TTTT 1 EXPRESS FULL CONTAHER SERVICE L_ ALSO ACCEPTWG CARGO FOR GENOA. LATTAMA. BE BUT ALEXANDRIA. BENGHAZI. TRIPOLI (LBYA) Jp«« 'MM MWInmI Itftam fm MVMAH BVCIIM E»«r Mailn 12 F* 24 F* »F* U Ite E.«M»c, 22 Frt 7■*ll M* 14 M» MM» 21647 words
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Advertisement1026 1979-02-09 14 Burma Fivt Star Ship|rin| Corpn. "BURMESE NATIONAL LINE" immtfrnumm smgapok •ARMPA CMBSTOS (dbctargag a*y) G* U/9 FM 3Ti__ M/»» B F S.S C Agents m Motoyvo TEPS MALAYSIA Port Kdong T*l73B>-7355 Penong T«l *****/***** Compania Arfwitim Da T/fITV, Nav*vac*oa Intarcontioantal S. A. C.I. F °Qr "ARGENTINE NATIONAL LINE' LONMt f0»1,026 words
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Advertisement759 1979-02-09 14 r OCEAN SHIPPING ENTERPRISES PTE LTD RM ?\O2 2103 ?IST FLOOR MARINA HOI iSf SHENTON WAY MISTRI ROAD SINGAPORF 2 TFL *****44 7& *****70 IO SANKYO LINE AUSTRALIA SERVICE P Ketone Satgapore Load Tlf kMN THREE STAR to Port 25/21 Fete 12/13 Feb SYO. MEL. AOEL 1/2 Mw SYD. MEL759 words
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Page 15 Advertisements
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Advertisement487 1979-02-09 15 Overseas ■I■ Containers Limited COMTIUPBW SERVICE TO W/CflMTDff: CONTAOCRSHP SERVICE FROM UK/CQNTMENT PMM| khrt IIF* J Feb 13 Fab 21 Ft um n Ft* 3 Mar Site Siwt I*FA 26 Fab 22 Fak 21 Fak Mar Uk UMar 17 M* ami SMGAPORE MM6FELD CONTUO SERVICES, PTE LTD 43(0(1 K LUMPUR487 words
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Advertisement966 1979-02-09 15 GRANARD LINE AEUtti 4 DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOIfID-FAR EAST/MEDITERRANEAN Span PJUtaof f«*M| Itadat tar M.V KNONG FUNG V.23N 10 Fib fcddah P Sad MV MM I*l 2211 M.V MM M *24* 10 Ftb Jeddah ,PS*d/ Ateiandrialattalua K Ft* 21 Fib 2Ma D|ibout. fcddah P Sad; AMitandria Bt*ut Laltakia/966 words
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Advertisement806 1979-02-09 15 S ionam ItiEimn Ouki Bar Brcmw iiprm I** B»r BEN LINE CONTAINERS MO somcc TO/FROM EUROPE M BURG BHAVEK R DAM HAVHE SOU Sport P HeUik Mr Gernuar/Aastna Ant«*rp Franct Al 0 13/2 15/2 V) 11/3 12/3 IV3 7, 2V2 24/2 17/3 21/3 21/3 24/3 11 21/2 19/3 11/3 19/3806 words
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Advertisement570 1979-02-09 15 V Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ AVI S pdre I > MeM« 2) Mm J) MMr| Gte>| kvi »i i :>iu:i »a j»wr.\i »7i»j >] i fxlfj nuwcnu 11n eumbra u/i a hut FMBCOU ivi BUM aunt i/i m nuMcau n/ j mh fxmm u/i m noom570 words
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Advertisement628 1979-02-09 15 GUTHRIE BOUSTEAD agencies t nsa ikm Oorban CL.PE. CapOtOBO) THE BANK LINE LTD. LOWS FOR E I S. tfIKD s Spore 10/14 Mar r Ma« IS/17 Mar IKM CAST I SOUTH AFRICA FQRbANGKOK WML* Peoang t Mm, k, fty, n spoff 14/11FM p *«e«g?7 H Fa* Sport 77/21 Fat LYKES628 words
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Page 16 Advertisements
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Advertisement989 1979-02-09 16 K LINE KAWASAKI KISEN KAISHA, LTD. N PtARI UN f KOrt 12W HURfAN IACXMOM IN HK ONIAMi R 14* W RCAI OR IOW TO EUROPE S poirPKeUiif I Havre R dam 16 feb 17 I* L rt L' 6 21 Feb 22 f« 27 feb 28 feb 6 Kb' 7989 words
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Advertisement991 1979-02-09 16 U.S.A./EAST CANADA SERVICE acceptmg fcl/lcl contmwb from penang p. kelang. store lu«ng tar: NE» TOW NORFOLK Penang Belaaan P Kelang Smgapo E.C./GREAT LAKES SERVICE ludng tar NORFOU. NEW TOM. MONTREAL. TORONTO Pnung Be4an>an P *«*h Singapore VBHVA (MMIT- (MtSA 29 SO) 21/24 FA 20/2? Fib IS/19 Fat It/17 F«t CALIFORNIA/PACIFIC991 words
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Advertisement537 1979-02-09 16 H ssu t V C n x 11» SINGAPORE SHIPPING AGENCIES PTE LTD I v.mii r Sf Esi »Ai f Si »!Tt v f BS. Ms. •-A i- A«SMP» AB.i in,,' r s7\r, por'i Ist t\/>sTi%/ > j MIDDLE EAST REGULAR LINER A SAFE WAY TO SHIP BY SSA t537 words
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Advertisement528 1979-02-09 16 wnaKoi MALAYSIA* >HTf*HAT>OKAL SWPPINQ CO**O*ATK>N BfRHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA Feed* 'PMang Vessel Spore 1) Msedles 2) Rdam 3) H burg 4) Gtmrg mxi v 1) Barcelona Genoa Amsterdam Antiaerp. L H»»fe. Bdbao. Bas* UK. 3) Bremen BitmMKn Aarttus Cogenriaeen Helsinki 4) Maimo Stockholm Olio •Accept** E »'ope528 words
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Advertisement824 1979-02-09 16 INTRASEA (PTE) LTD F aber House 2>4F. Orcnarc Road Singapore 9 Telephone ***** 1 1 *****57 regular Moocan sm/full com mo sonice to hook S part P Mm| Penanf LaaMg *B ma MM Q FA lIFA HMtctom Hante'i Boulogne Til nua Mil 21 Ma 24 Ma *n« w««p M, Seaport824 words
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Page 17 Advertisements
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Advertisement261 1979-02-09 17 rs.wi PTRAMDS U WE U EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG WRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) S PORE PT KEL PENANG PT S/UD ALEX Feb 1) Omts Feb 21 Mar 5 l>U 10 Mar 15 Mir 29 Apr 3 Mar 30 Apr IS Apr 20 S<X);tct inducement261 words
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Advertisement249 1979-02-09 17 I Seatrain Full Container Service to USA FEEDER VSI STOW MOT** VSI M OAK U GULF E/C Osaka Bay 10/2 Seatrw Bunktr 14/2 4/) 2/3 12/3 *14/3 Hi V 35 Kpponci 17/2) Saatraa Beiu»on 20/2) Concord 24/2 13/3 15/3 23/3 24/3 (•r 11 Full Container Service from USA MOTIO VSI249 words
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Advertisement294 1979-02-09 17 WEST BOU £i*94 *C.td WEST BOUND LOADING FOR MUSCAT. DUBAI ABU DHABI. BAHRAM. KUWAIT ETA ETD FEXI GLORY VStW 11 Feb 12 Feb CONFDtNCE EXPRESS VS6W 24 Feb 25 Feb EAST-BOUND DtSCHAJtGMG ONLY EASTERN EXPRESS VtX (TBC) 11 Feb 12 Feb EASTERN ENVOY VISE (TBC) 7 Mar 9 Mar ETA294 words
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Advertisement287 1979-02-09 17 FAR EASTWEST AFRICA SERVICES CONTAINER SERVICE KSSEL Up* H.Konc Sparc VUEFIOm 22 Feb 3M» 14 Mar KVOSBMARU 4 Apr 13 Apr II Apr waom..„ 22 May 31 May sa, lafM Cotonou t Apr 11 Apr 13 May IS May 3 km ETD I MARCH ACCEPTMG PALLETISED BREAK BULK CARGO FOR287 words
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Advertisement38 1979-02-09 17 notices (General Survey of damaged < argu ei the ahove vemel will he held I*l Monday 12th February. 1979. from 9.00 a.m. to 5.00 p.m. No further nurvey will he held after thi» date. R. JUMABHOY SONS (PTE)LTDTeL- 91ZM138 words
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Advertisement54 1979-02-09 17 Cherry Maju Voy 1 From Boat bay arrived 6/2/79 at (da SOX ppw Consignee of damaged cargo ex the above vessel are hereby notified that the general survey will be held on 12/2/79 from 0900 hre. to 1000 hrm. No further survey will be held after this date. Liaa Sooa54 words
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