The Business Times, 14 February 1979

Microfilm: NL9996
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 14«/l/7» WEDNESDAY, FEBRUARY 14, lIS 50CENTS
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  • BRIEFLY...
    • Article
      Additional landing rights
      51 1 KUALA LUMPUR, Tues. The government is considering the possibility of granting additional landing rights to other airlines while MAS planes are grounded. Deputy Prime Minister Datuk Sri Mahatir Mohamed did not elaborate, but said this was one of the possibilities being looked into during the current MAS
      51 words
    • Article
      Lock icon Bank eyes Singapore
      39 1 AFP ZURICH, Tues. The Union Bank of Switzerland (ÜBS), one of this country's "Big Three" banks, today said it is planning to open branches in Singapore and Hongkong to specialise mainly in international banking operations. AFP
      AFP  -  39 words
    • Article
      Lock icon No headway in talks
      84 1 AFP ARUSHA, Northern Tanzania, Tues. The Group of 77 conference of developing nations here slipped further behind with its workload after senior experts could not agree last night on a final draft Arusha declaration to submit to their ministers. The experts abandoned their meeting shortly before
      AFP  -  84 words
    • Article
      Lock icon Chinese intrusions
      61 1 AFP HONGKONG, Tues. Vietnam today demanded the immediate withdrawal of all Chinese troops occupying a peak two km inside Vietnamese territory, Radio Hanoi reported. Despite strong warnings by Vietnamese regional armed forces, hundreds of Chinese intruders fought their way into Cao Loc district and occupied peak 400, 14
      AFP  -  61 words
    • Article
      Lock icon Alumina project
      54 1 Reuter JAKARTA, Tues. The Indonesian government's decision to move a planned alumina plant from Bin tan Island, south-east of Singapore, to Kuala Tanjung in North Sumatra will reduce costs by US$l25 million. Mining and Energy Minister Subroto said the Bin tan plant was projected to cost some $500
      Reuter  -  54 words
    • Article
      Lock icon Foreign Ministry revamp
      40 1 Reuter. MANILA, Tues. President Marcos today ordered a total reorganisation of the country "s Foreign Ministry to make it more effective in promoting the national interest, attracting tourists and investment and in helping Filipino migrant workers. —Reuter.
      Reuter.  -  40 words
    • Article
      Lock icon Sydney fares
      56 1 AP. TOKYO, Tues. The Jpanese Tans port Ministry today approved a 15 per cent discount sought by airlines in fares for round trips to Sydney starting in Tokyo, an official said. The new fare 377,100 yen (about 5J3.400) for an economy class round trip will go into force
      AP.  -  56 words
    • Article
      Lock icon Dow Jones
      74 1 AP NEW YORK, Tues. The stock market posted a strong gain at the opening today, picking up momentum after the modest advances of thepast three sessions. J 1 J*^ 011 3 average of 30 industrials rose 5.29 to 830.13 in the first half hour. Said the sta e
      AP  -  74 words
  • Chief Price Changes
    • Article
      SINGAPORE
      136 1 Rises Selangor Dredg 394 24 O C B C 805 20 Nanyang Press 318 19 Sel Coconuts 380 16 Sin Chew 348 14 DBS 454 12 Berjuntal 780 10 Sungel Best 700 10 Nat Iron 640 10 Straits Trading 560 10 FIN 525 10 Falls Sin Heng Chan 171
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    • Article, Illustration
      KUALA LUMPUR
      137 1 Rises Tronoh 730 20 M U I 215 18 Sg Besi 705 15 OCBC 810 15 S Dredge 402 14 DBS 458 14 UOB 346 12 Sel Nut 382 12 Genting 342 12 Magnum 386 12 Esso 412 12 M Credit 166 11 Falls A Hitam Tin 1220
      137 words
  • Article
    DBS turns tall idea into reality
    819 1  -  $500 M RAFFLES PROJECT IS ON By COLIN CHEE EXCAVATION and piling work is scheduled to start on Raffles International Centre (RIC) before the end of this year. The Development Bank of Singapore (DBS), promoters and developers of the massive complex, will invite tenders
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  • Article
    Keeping piracy well in check
    215 1 THE COOPERATION between the Malaysian and Indonesian navies has contributed a lot in reducing piracy especially along the Straits of Malacca, Malaysian Deputy Chief of Navl Staff, Commodore Datuk Abdul Wahab bin Haji Nawawi said yesterday. He said before 1972, the Malaysian authorities used to
    215 words
  • Article
    Lock icon Bakhtiar held by Khomeiny
    572 1 Agencies FORMER Iranian Prime Minister Shapur Bakhtiar and a leading royalist general were arrested yesterday by Muslim revolutionary forces which overthrew the Shah's regime. Officials of Ayatollah Khomeiny's provisional Iranian government reported the detention of Dr Bakhtiar, who resigned as Premier and went into hiding on
    Agencies  -  572 words
  • Article
    Petrochemical reprieve?
    172 1 THE NEW government in Teheran will support the Bandar Shapur petrochemical project. Iran's ambassador to Japan, Mr. Nasser Majd, who said this Tokyo yesterday added that he believed he represented the new government and expected this to be confirmed shortly Project work, almost 85 per cent completed, is
    172 words
  • Article
    Tiger Air agrees to buy SIA's used 747 fleet
    239 1 TIGER Air literuttMal has agreed to buy Singapore Airline's present fleet sf 747 aircraft. These aircraft will be available as SIA replaces them The agreemeat Involves n firm parchsse ef twe sf the nircmft and an exclusive option en the ether
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  • Article
    Asean wants Seapcentre to liven up trade
    376 1  -  By FOO CHOY PENG ASEAN countries are not prepared to sign any formal agreement with Japan for a new centre to replace the South-east Asian Promotion Centre for Trade, Tourism and Investment if basic disagreements are not resolved. The seven year old Seapcentre,
    376 words
  • Article
    Lock icon EEC investments
    115 1 Reuter THE SECOND EEC-Asean conference to be held later this month 1s expected to increase EEC investments in the region, said Indonesia's Asean national secretary, Mr Umaryadi. He said EEC investments in the five Asean countries ranked third after Japan and the United States. Japanese investments totalled US$3.O6
    Reuter  -  115 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      30 1 whatever you need in menswear,getitat... MOHAIRS DEPI STORE (PTE) LTD. 321 Orchard Road TW *****22 (not to Mandarm HoM) Brandt: lOHangfln Shopping Cantia U238t3M0 Daily: 9am-9 pm SEE BACK PAGE
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    • Advertisement
      Page 1 Advertisements Column 2
      101 1 FRATA FRATA NEWS GBN LINE COMBINED CONTAINER AND BREAK-BULK INDEPENDENT LINER SERVICE SINGAPORE TO LAGOS ALSO ACCEPTING CARGO FOR PORT HARCOURT. COTONOU, DOUALA, ABIDJAN, MONROVIA, AND TEMA. (Subject to inducement) NEXT SAILING MV YUE FLOWER ETD SINGAPORE 9 MARCH WITH 25 DAYS VOYAGE ETA LAGOS/APAPA 3 APRIL THROUGH THE LINES
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      Page 1 Advertisements Column 3
      69 1 |:';:)?|~=:]^\?&<*_]([=!/]%)[+: SHIPPING TIMES HOW laksar eaa tap the MNCs.. PAN AM pact with travel ageats I EEC rr—mlrs are *»phg ap. S THE Ka-rfles| FORUM MlhgitWim ANOTHER paitr at tfce kyBONN kaak seeks leeal tte-ap PARfT Perak keaas U YHB «p tts span la 11 MALAYSIA tavskes ISA aver MAS
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    • Advertisement
      Page 1 Advertisements Column 4
      2 1 •Leader...Page f
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    • Advertisement
      Page 1 Advertisements Column 5
      230 1 goM oanMrt t dapt ««xw So»Ae*nt* ROYAL SPORTING MOUSE PTE LTD 201 High Straw CMt Smgapof* l T« 2KW3 4 2KM54 The Editor 4C—a robust, yet very elegant, machine The heav y-dul y Editor 4C is built for continuous use This is a very tough, fast typewriter that is easy
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  • TRADE AND INDUSTRY
    • Article
      Organised labour should make use of MNCs
      575 2  -  By FONG MEW LENG ORGANISED labour needs the will to promote international trade, encourage efficient production, curb unneccessary spending and improve welfare and skills of workers. Addressing delegates on the first day of the Second Asian Labour Summit, executive director of the National
      575 words
    • Article
      PANAM PACTS WITH AGENTS
      269 2 PAN Americas World Airways (PaaAm) will sign bilateral sales agreements with travel ageats before April 1. TUs has heea stated as the Immediate step the airline weald take when It withdrew frem the lateraatleaal Air Transport Assodatloa (lata). PaaAm's resignattoa (ram lata was aaaaaaeed earlier this
      269 words
    • Article, Illustration
      Quick on the draw
      298 2 THE CHARTERED Bank has announced a second lucky draw scheme, following the success of its first (800,000 scheme which ended on Monday. The second draw, to be held later this year, will carry at least $800,000 in prize money. Chief manager of the bank Gordon Janes
      298 words
    • Article
      How to ensure that your buys are forever
      308 2 CUSTOMERS who buy diamonds for investment purposes have ways and means of authenticating the accompanying certificates which te the various attributes of the purchases. Spokesmen from two diamond investment companies said the ventures dealing with such businesses, usually enter into some form
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    • Article
      Takara switches on
      243 2 A HOST OF newly developed switches was on display at the official opening of the first switch manufacturing plant here last night. Takara Singapore began production last December and its switches are used in electronic products like tape-recorders, televisions, toys and even computers. President H. Shiozawa of
      243 words
    • Article
      A FAIR FOR BUDDING TECHNOLOGISTS
      277 2 TECHNOLOGY Fair 79 should give students an opportunity to apply classroom knowledge to industry. Organised by the Singapore Science Centre, the Singapore Polytechnic and Ngee Ann Technical College in conjunction with the Ministry of Science and Technology, the fair will be held at the Singapore
      277 words
    • Article
      What the unions should strive for
      150 2 AGAINST a background of global inflation and widespread unemployment, the world labour movement should outline new relevant policies and firmly implement them. These new policies should include an energy policy which will strive for an international agreement on indiscriminatory distribution of petrol price levels
      150 words
    • Article
      ITB's knowhow, facilities at yards' disposal
      311 2 THE INDUSTRIAL Training Board (ITB) yesterday called on more shipbuilders and repairers to take advantage of its training facilities and expertise, in order to meet i the long-term skilled manpower needs of the industry. Mr Lim Jit Poh, the ITB's Director of Industrial Train-
      311 words
    • Article, Illustration
      Watchmakers welcome gold-plating venture
      337 2 THE SOCIETE Suisse Pour L'lndustrie Horlogege (SSIH) will bring its goldplating technology to Singapore with the setting up of a joint venture with Nippon Miniature Bearing (NMB). Named Precision Watchcase, the factory will satisfy between 40 and 50 per cent of the Swiss company's requirements in
      337 words
    • Article
      Career exhibition
      99 2 SCHOOL leavers will be given an extensive and interesting insight into career opportunities open to them in Singapore, in a coming exhibition. "Career 79", organised by the World Trade Centre will be held between May 26 and June 3 at the centre. The organisers claim this exhibition to
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    • Article
      MEMO PAD
      484 2 COURSES AND TALKS Jan 3-Feb 21: Statistics for Insurance Employees, SITC, srrc Feb 5-Apr 14: Diploma in Life Insurance, SITC, SITC Feb 10 17: Vosper Pte Ltd training course, RELC, Vosper Feb 12-13: Finance for nonfinancial managers, Ming Court, Price Water house Feb 14-28: JLO training course, RELC,
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      51 2 (fet info (Ae tfettoxv Paye* tytne it'i toa fate Mm La T T^ ?a" 1 j T- i! ijj# yellow pages SINGAPORE YELLOW PAGES ENTRIES CLOSE MARCH 5 SINGAPORE WHITE PAGES ENTRIES CLOSE MARCH 1 CALL: 538 144 BTH FLOOR. GOLDHILL PLAZA, P. O. BOX 94 NEWTON POST OFFICE. SINGAPORE
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      642 2 LI TWO-IB-CRYPTIC PUZZLE ACROSS 1 As an expert, he's got things taped, somehow (5) 6 Alternative selection of pot-herbs (5) 9 To say it isn't fit for pigs is nonsense! (7) 10 She makes a note very loud, that is (5) 11 Statutory instructor? (5) 12 Smudges in a music
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      115 3 OlMfZ* i 5 ir.~.*f. JMSm u > *<, 3- 8 I s PPP SKS Jfif- I a* mm M4s*?t£ A '<*>" i'^r \buti like an easy day ride to the heart ofTexas. Whocares? We care. Catch our Texas Express from Singapore. Leave town before high noon and you're in Dallas-Fort
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  • RAW MATERIALS
    • Article, Illustration
      Shortage of aluminium by 1981
      738 4 SUPPLIES of aluminium are expected to remain tight with little new production capacity to go into operation until well into the *****, all of which should put the aluminium industry in a position to reap high profits. This is the conclusion of industry analysts interviewed
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    • Article
      RUBBER
      339 4 THE SINGAPORE rubber market yesterday opened fractionally lower, then eased a further 1.50 cents on speculative releases and hedge selling. Towards the morning close, however, short-cover-ing emerged at the lows to check the decline, dealers said. The market finished the morning quietly easier, with March One RSS buyers quoted
      339 words
    • Article
      RAS PRICES
      383 4 Prices in cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 244.25 245 25N Int. 1 R.S.S. March 245.25 245 75 Int. 1 R.S.S. April 246.50 247 00 Int. 2 R.S.S. 241.00 242.00N UK Com. 240 00 241.00N Int. 3 R.S.S. 238 00
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    • Article
      SSR and SMR
      121 4 NOON SSR IK 1 SMR pr.ee yeaterday RAS March April (Current Mtk) <Poi rward Mtk) SSR 20 Buyer* Sellers Buyer* Seller* H um pallet > '238 50 240 SON 239 SO 241 50N SSR SO <1-1 tun pallet 1 235 50 237 SON 238.50 238 SON MRELB
      121 words
    • Article
      Palm oil
      67 4 C I F North European porU, tn US dollars per ton unless otherwise stated. LONDON: Mon Previous Malaysian 5Hffa bulk per tonne April 694slr 680slr Sumatra 5% ffa bulk February unch 705slr March 710slr 700slr April 705slr 690slr May 695slr/ June 690pd 670/675pd unch 665pd Nigeria 5H ffa
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    • Article
      Produce exchange
      353 4 GENERALLY quiet but steady conditions prevailed on the Singapore produce market yesterday. Deals were scarce and far between and confined to those commodities that are held in sufficient stocks. In this respect, trading in coffee was at a near standstill. Since the beginning of this year hardly any
      353 words
    • Article
      Hongkong Comex
      228 4 SUGAR trading yesterday virtually came to a halt with no trades registered throughout the day against one lot on Monday, dealers said. Net open positions totalled 13 lots after Monday's trading. The declining number of net open positions in the past few weeks was due to a revised
      228 words
    • Article
      Rice
      294 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 pet first class (Kangaroo) new crop 0.95, 100 pet second class C 85, 100 pet third class 0.83, 25 pet new crop no stock. B-10 pet 0.75. THAI BROKEN A-super 0 62. Special 0.56. THAI RICE: 55
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    • Article
      Textiles
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattoa yare: China Blue Phoenix 20b 2.375; 32s 2.910; 40s 3.100 (per bale of 400 lbs). Piece *m4s: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      Straits tin
      102 4 LOW supplies of tin metal boosted the Straits tin price yesterday another Msl6 to $1,877 per picul, $177 above the international tin agreement ceiling, dealers said. Total volume of tin delivered by miners fell to 91 tonnes from 159 tonnes on Monday, with production affected by continued drought
      102 words
    • Article
      Closing prices
      30 4 Rubber: Feb 13 Singapore: March: 243.50 cents (down 3.75 cents) Malaysia: March 247.75 cents (down 3.75 cents) Tin: $1,877 (up $16) Official offering: 91 tonnes (down 68 tonnes)
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    • Article
      Soybean
      169 4 CHCAGO soybean futures on Monday slipped further in the final hour of trade to finish near the day's lows, off 15to 7V< US cents a bushel. Pit traders said the biggest afternoon feature was local selling, which some thought was prompted by the failure of significant outside buying to
      169 words
    • Article
      Wheat
      116 4 WHEAT futures finished an uninspired session with losses of three US cents to one cent a bushel in Chicago on Monday. Once again, the market's path was determined by action in soybeans and silver, both of which closed with losses. Small commissionhouse and local selling was the only feature.
      116 words
    • Article
      LONDON MARKETS
      862 4 OILSEEDS: Brokers reported generally easier oils and oilseeds markets in light dealings yesterday. Values were generally adjusted to Monday's lower Chicago close but buying support was sporadic abSCf one 10 two guilders sun oil about USSS and crude palm oil $5 to $10 lower WV <l PhiU ,U
      862 words
    • Article, Illustration
      Lock icon Large oil stocks may cut prices
      468 4 UPI LARGE supplies of fats and oils could put downward pressure on prices in world markets in coming months. Disclosing this the UN Food and Agriculture Organisation'sin tergovernmental group on oilseeds, fats and oils estimated that exportable supplies of fats and oils for 1979
      UPI  -  468 words
    • Article
      Chinese use novel rubber technique
      168 4 CHINA has neeeahlly ptwi nbkcr saptlags by ■■lag Aather ealtare methads, the New Chlaa Newt Ageaey said aa Friday. The Ckiu Rabber lastitate aad scientific aalts fram Caataa, Shaaghal aad Peidag eaadacted the research. Teat sapUags aa Halaaa Islaad la tbe Saatb Cbiaa Bea reached
      168 words
    • Article
      Lock icon White sugar buy
      279 4 Reuter RECENT sales to the Soviet Union have removed some of the white sugar overhanging the market and, if they produce a corresponding release of raws, the world balance will have been considerably redressed, C. Czarnikow says in its weekly sugar review. The quantity sold in transactions
      Reuter  -  279 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      158 4 Ultra-Orthoflow: Something new in oil refining. A recent licensing agreement gives refiners worldwide access to the combined fluid catalytic cracking technology and experience of Pullman Kellogg and Amoco Oil Company, a subsidiary of Standard Oil Company (Indiana). The new Ultra-Orthoflow design incorporates Amoco's highly regarded Ultra Cat regeneration technology with
      158 words
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  • OVERSEAS
    • Article
      DAILY AIRCRAFT MOVEMENTS
      796 5 ARRIVALS Service Local Operator Number Time From TMA TL375 0530 BEY DXB' BOM KUL SIA SQI01 0615 KUL MAS MH607 0845 KUL MAS MH671 0945 PEN KUL CPA CX710 1006 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL SIA SQ209 1045 HLP
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    • Article
      Lock icon EEC economies shaping up
      601 5 UPI THE European Common Market's economic outlook has improved over the last year, the Brussels Commission said in its annual report. Economic growth gathered momentum during the second half of last year, i:nd unemployment seemed to have passed its peak at the end of the year.
      UPI  -  601 words
    • Article
      Lock icon US explodes myth of China's $200b imports
      298 5 AFP ESTIMATES that China could buy capital goods and merchandise worth more than US$2OO billion ($432 billion) in Western countries by 1985 are exaggerated. The US Department of Commerce, in a study published by its Review Business America, calculated that China's import possibilities
      AFP  -  298 words
    • Article
      Lock icon Carter hopeful on inflation
      266 5 UPI PRESIDENT Carter said he expects inflation to ease somewhat in the future months, as his voluntary wage-price programme begins to take hold. Mr Carter told a news conference that the 1.3 per cent increase in the wholesale price index for January "emphasised again, a very
      UPI  -  266 words
    • Article
      Lock icon Nuclear pact talks
      55 5 UPI JAPAN and the United States opened talks in Tokyo on Tuesday on revision of a bilateral nuclear cooperation agreement. Japanese government sources said the US wants to place all nuclear facilities in Japan under strict security measures in accordance with the Nuclear Non-prolif-eration Act which went
      UPI  -  55 words
    • Article
      War over Taiwan is not expected
      145 5 PRESIDENT Carter says he foresees no circumstances that would cause him to go to war to protect Taiwan. Mr Carter was asked about his remark that some future president might use US arms to protect Taiwan from China. The President replied that nothing in
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    • Article
      Lock icon Mexican gas rebuff for Americans
      288 5 UPI MEXICO will not sell natural gas to the US. despite US predictions that a major agreement will come out of this week's talks between President Carter and President Portillo. Repeating Mexico's position on natural gas sales to the US since the Carter administration vetoed
      UPI  -  288 words
    • WORLD IN BRIEF
      • Article
        Lock icon IT'S BACK TO CAMP DAVID
        544 5 Agencies EGYPT and Israel will resume peace treaty talks through American mediation on Feb 21 at Camp David. US State Department officials said Secretary of State Cyrus Vance will play host to the ministerial level talks. IF AMERICA sells arms to North Yemen ud Sudan,
        Agencies  -  544 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      166 5 We fly the world the way the world wants to fly Every day we fly the world. We take Americans to Tokyo and the Far East. Business travellers from New York to Frankfurt or Rio. And more Asians to the United States than any other airline with the fastest one
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  • Article
    Dream that's built on solid foundation
    464 6 BARELY a month ago, the Sumitomo petrochemical project finally received the green>light to proceed, laying the foundation for a quantum leap ahead for industrialisation in Singapore. Now another cherished project has come to the stage of fruition. The Raffles International Centre, that multi-milliontdollar complex,
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  • Article
    Is anyone resting on the oars?
    334 6 THE LATEST proposals to amend the government ship financing scheme submitted by the Singapore Shipping Association to Finance Minister Hon Sui Sen suggest that it is time for the Government to take a closer look at its offer which was made barely six months
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  • Article
    Lock icon Kurile islands, thorn between two giants
    1630 6  -  The Kurile islands, just off Hokkaido, have been the centre of friction between Japan and the Soviet Union since the end of World War Two. However, of late, a new element has entered the picture, triggering a return to the cold war atmosphere of
    Reuter.  -  1,630 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      70 6 m Where to wine and dine... 2/ APOLLO HOTEL Havelock Road, Singaore 3 Tel: *****1 AMBASSADOR HOTEL ***** Meyer Road, Singapore 15 Tel: *****11 CENTURY PARK SHERATON Sin a P<>re 10 Tel: *****7 CHEQUERS HOTEL Te* T *****66 n Singapore 11 COCKPIT HOTEL Teh°37«Ul R Se Singapore 9 GREAT EASTERN
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      Page 6 Advertisements Column 2
      56 6 "In the Georgian Vftne cftheCocbpi is a splendid Period restaurant offering the choicest fare in the true British tradition fyantirfprr where good tasJe triumphs from Beef \XfeJJingion. Bmerfly Fillet and a wide choice erf traditional dishes lo dining in a luxurious period atmosphere service friend and foe praise us for"
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      Page 6 Advertisements Column 3
      58 6 Hotel Royal-RAMADA Newton Road. Singapore 11, Republic o» Singapore Telephone *****1. Tele* R*****4 Cables HOTEIROYAI Indonesian set lunch daily for lovers of spicy food and our speciality IK AN MAS. Try our most-talked about air-flown steaks for gourmets. A special International Buffet, from 12 noon to 3 pm. every Sunday.
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      Page 6 Advertisements Column 4
      63 6 III'IHIIHHIIIIItHIHIIHIIUIUHIIHIIIIiIHII NonySFood HOl Singapore's 1 1 true, local flavour. A delicious blend of Indian, Malay Chinese recipes. Incredibly appetising! Cost $50 per table of 8 persons $10 additional person Price »üb»ecl to 3* Cm 10% Service Charge Ist Floor. LUNA COFFEE HOUSE Lunchtime Daily. Make your reservation at *****1 ext.
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      Page 6 Advertisements Column 5
      18 6 EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR or reservations ring J***** extn 2536
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      71 6 BnStoJV :f^kDicte&s U>€J-L ,weLL WOU) Goo l it is To see Sou, rafcs. PoRDV PTMSStD NfOuß CUPS Of Tep\ UWVLST l u)P*S PSuiPty Pit TuNBOVS SUR LPS PLAGC P»T ST o weve»e«cH. vjsgd to Sfvf To roNfSeur Qpty 'LOHPiT U3OOLDNT I &»V£ FoR P> CajP OF onRS. PUCDV'S Deucous Teev.
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      857 6 SsfiTOm Small, not big, potatoes A REASONABLY acceptable men taalgkt compared wltk same etker algkts. HeriiM at S.ttpni aa Ckaaael 5 takes a clew leek at tbe deveiepmeat ot madera war weapaas aad kew they will 4etermtoe tbe skape ef fatare wars. A klgkly relevaat sabject, especially If yea watek
      857 words
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  • Article
    Bridging the gap between the politicians and the electorate
    1621 7  -  By TOH THIAN SER AT A dinner party held on the evening when the first PAP candidate for the byelections was put before the press and the public, a political scientist commented, .."These elections are a crashing bore." In his best
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  • Article, Illustration
    Monetary Control Act is next item on Ruess' list of banking laws
    779 7  -  The US Congress passed mora important banking legislation last year than it did over the past 25 years. One mejor piece of banking legislation, which remains to be enacted this year, could considerably strengthen the Federal Reserve's powers.
    779 words
  • Article
    STRAWS IN THE WIND
    235 7 THERE is a very odd notice Con the Tanglin Club FOR 1 notice board. It says: Sale Antiques. Burmonks". Presumably the owner has to sell is tantique statues of Burmese monks and not, we hope, some very elderly monks v -who want to get out of
    235 words
  • Article
    Bilingualism through motivation
    1040 7  -  FORUM ...with John Tan I PRIME Minister Lee recently told the Joint Campus students that experience of s teaching Singaporeans to be bilingual has been daunting, j It has been found that students can be highly proficient in one language but, in 5 most it is difficult
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  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      261 7 11 m/k o HOTfcL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel. *****1 THfc MANDARIN SINGAPORt 333 Orchard Road. Singapore 9 Tel: *****1 THt MARCO POLO Tanglin Circus. Singapore 10 Tel. *****1 HOTfcL MfcRLIN SINGAPORfc 7500 Beach Road, Singapore 7 Tel: *****11 MING COURT HOTfcL Tanglin Road. Singapore 10 Tel: *****3
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      Page 7 Advertisements Column 2
      76 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, Orchard
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  • INTERNATIONAL STOCKS
    • Article
      First Chicago Corp enjoys record earnings
      529 8 FIRST Chicago Corporation, parent company of the First National Bank of Chicago, has reported earnings for both the fourth quarter and for the year 1978. Income before security transactions in 1978 increased 18 per cent to US$l3l million, equal to $3.30 a share, from
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    • Article
      EASTERN AMENDS MERGER PLAN
      117 8 EASTERN Airlines said it amended its plan of a merger with National Airlines because it feels a bidding scheme between National and Pan American World Airways is unfair to Eastern. In a letter to National chairman I.B.Mpytab, Eastern chairman Frank Borman said his company felt it
      117 words
    • Article
      Honeywell
      57 8 HONEYWELL said the combined annual revenue of Honeywell Information Systems and its French associate, Cii Honeywell Bull, surpassed US$2 billion for the first time. In 1978 the computerrelated revenue of the two companies, which sell a common product line, increased almost 30 per cent to $2.13 billion from $1.64
      57 words
    • Article
      Lock icon Higher gold prices boost earnings at Peko-Wallsend
      366 8 Reuter. PEKO-WALLSEND said the gross value of mine products sold in the 24 weeks ended Dec 19, at A 550.56 million, was in line with the $49.23 million for the same 1977 period. The figure, however, reflected higher prices for gold, combined with
      Reuter.  -  366 words
    • Article
      Lock icon BA's net profit rises
      124 8 Reuter STATE-owned British Airways said net profit for the third quarter ended Dec 31 rose to £17 million from £12 million giving a net profit of £128 million against £71 million for the first nine months of 1978 79. British Airways said revenue in the quarter
      Reuter  -  124 words
    • Article
      Lock icon Mary Quant beds and couches
      107 8 AFP. MARY QUANT, after diversifying its activities in the carpets sector, is today producing beds and couches. Some of them, manufactured in cooperation with Myers, a big British furnishing company, have just made their first appearance. Bright colours are a feature of the mattresses. Some
      AFP.  -  107 words
    • Article
      Lock icon MORAN TEA
      88 8 Reuter. MORAN TEA Holdings said the undertaking of its subsidiary Moran Tea Co Ltd has been transferred to Moran Tea Co (India) in compliance with the Indian Foreign Exchange Regulation Set 1973. Underwriting has been completed whereby 26 per cent of the equity capital of the Moran Tea
      Reuter.  -  88 words
    • Article
      Imperial Group improves
      132 8 IMPERIAL GROUP said trading results for the first three months of the current financial year show a useful improvement over those for the same period last year, which had been at a depressed level. The recent industrial troubles and the harsh winter have inevitably caused problems for
      132 words
    • Article
      Lock icon Volume ebbs as investors stay on the sidelines
      640 8 TOKYO Source: DBS-Daiwa Securities THE POST-HOLIDAY market suffered a slight setback under profit-taking pressure yesterday. Institutional investors remained on the sidelines. Turnover decreased sharply and volume recorded was the lowest this year with an estimated 160 million shares changing hands. In the
      Source: DBS-Daiwa Securities  -  640 words
    • Article
      Bangkok
      271 8 THE MARKET closed mixed yesterday with more gains than losses in light trading, dealers said. K«*13 B«bi Hank of Asia 244 ■4 Bangkok Bank 384 unch Bank of Ayudhaya Ltd 274 unch Bangkok Metropo- 1212 litan Bank ♦20 Ufm Thong Bank unq Thai Commercial Bank MO ♦2 Thai Danu
      271 words
    • Article
      Selected indices
      71 8 FINANCIAL TIMES INDUSTRIALS Monday 466.1 Friday 450.7 Week Ago 4607 DOW JONES AVERAGE INDUSTRIALS Monday 824.84 Friday 822 33 Week ago 823 98 LONDON DOLLAR PREMIUM Monday 904 to 91 Friday 88 to 89 l H.K.HANG SENG Tuesday 530 01 Monday 528 93 Week ago 562.22 SYDNEY INDUSTRIALS
      71 words
    • Article
      Lock icon Hongkong
      332 8 Source: SHK Sec Ltd AFTER a firmer opening yesterday, the market drifted lower on reduced turnover and a genera] lack of interest. Although the recent large sellers seem to have stopped their activity, the small but persistant local sellers found the market to be still vunerable. Prices closed slightly
      Source: SHK Sec Ltd  -  332 words
    • Article
      Sydney
      343 8 THE MARKET was generally lower yesterday, led by mining stocks in response to the further fall in prices on the London metal exchange, dealers said. Among copper stocks. Lyell dropped 9 to 70 cents, MIM Holdings 8 to $3.00 and Bougainville 2 to $1.94. Elsewhere, CRA lost 5 to
      343 words
    • EUROPEAN MARKETS
      • Article
        Zurich
        187 8 FEB 12 Francs Actions Suisse* 300 unch Alusulsse Br. 1375 -5 Alusulsse Reg 509 -1 Brown Bowrl Br. 1780 unch Clbt Gelgy Br 1280 -15 Clba Oelgy P C 1006 -S Clba Gelgy Rh Credit Suisse Br 087 2340 1 unch Credit Suisse Reg 443 -2 Elektrowslt Br 1975
        187 words
      • Article
        Paris
        271 8 FEB 12 Ft* CORBEILLE Air-Liquid* m •7 B S N Ocmia Danone C 8 F < Thomsonr>.f> 496.10 ***** -14.9 .|J Cte Francalse de* Petrotca Compacnlr Financier* ***** -04 Compacnte General* 383 4 Credit Fonder Oe Franc* 430 -7 Hachette (Ubralrte) 230 •13 Machlnei Bull 56.20 -1J Michel in
        271 words
      • Article
        Amsterdam
        184 8 FEB 12 FU ARM ***** -2 AhoM Akao ***** •li 28 70 «U AMEV SIM -0.0 -0 5 Amfas IH VI Amrol Bulk WJO -0J M 00 MJ0 unch ♦0J Boll Borsumg «J0 unch Burhmann HJO ■42 Byenkort as 20 -u Cmlw Drift 171 JO ♦00 D»U Ml] no
        184 words
      • Article
        Brussels
        79 8 FEB 12 Ft* FORWARD MARKET Am* 04 l unch 4rtw1 2230 10 -4 -1 Aitur WO Br&ac&n 456 Bru-Lamb ins 20 Can Cod pa t #10 k 500 -12 Dc FWr« 215 1 Ebe 1 >410 -15 Elcctrobel Ob-Inno-Bm Or* WO 1380 -36 -f X MM 2M0 Petro 3870
        79 words
      • Article
        Frankfurt
        220 8 FEB 12 Dm Aef-Telefunken 0610 -15 Akzo 77.30 -0 1 Allz Leben 855 00 -IS Alii Vers 488 00 -5 BASF 133.10 -14 Bar H T Wbank *****B -2 Bay Vbank 284 00 Bayer ljeoo -1.1 BBC ***** uncti RUW 228 00 -C3 CuHlla 381 in -14 Chem Ver»
        220 words
      • Article
        Milan
        108 8 FEB 12 Ure Anftr 32 -2.7V Ajsoc Gen ***** lot B&slofi m -35 Ontrile 4436 4 34 Flat 2770 -20 Finsider 185 5 Oen I mm at) 07.50 05 IFI Pri 2237 -41 VUlr#m#ntJ ?VM*n -300 1 ItaifBA TtO 5 IUkUKSer 422 13 Mftfnetl M PI -5 75 M&relli
        108 words
    • Article
      Prices close on a mixed note
      1402 8 NEW YORK STOCKS closed mixed on Monday after a late rally faltered with trading slowed by Lincoln's birthday holiday Analysts said the sudden takeover in Iran by supporters of Ayatollah Khomeini removed at least one uncertainty there and was viewed as positive after the
      1,402 words
    • Article
      TORONTO
      228 8 FEB 12 AblUDt ct 18s unrh A lean 43 4 Bank Mont 2S u j unch Bank Nova ScoUa 24. -S Bell Tel unrh Beth Core BP Can Ltd 4W Brascan is unrh Camp Red Lake 41** *1 Can Imp Bk 28s Can par 25*« Canpac Inv Pf 16KB
      228 words
    • Article
      JO'BURG
      282 8 FEB 12 Rand INDUSTRIALS A Alpha 145 5 Abercom 200 5 AE And CI 385 10 AMIC 1290 unch Barlows 565 +5 Cg Sugar CNA 575 215 unch Currte Finance 100 -2 De Beers Ind Edcon 365 5 Edgars 4300 100 Eve ready 270B Fed Volk 225 unch Fuglt
      282 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      156 8 t ■l rssTi yf nr. H Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. David Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker.
      156 words
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  • BANKING AND FINANCE
    • Article
      Bank president predicts continued role for gold
      265 9 SWISS National Bank presi- dent Fritz Leutwiler and •> Bundsbank directorate Y member Helmut Schlesinger said they still believe gold will continue to play a role in the international monetary system. .< They were answering questions at the European Management Forum here. Leutwiler
      265 words
    • Article
      Lock icon IMF GOLD SALES
      96 9 Reuter. THE IMF said it completed the third of four annual restitutions of gold to mem■bers. The fund returned 6.06 million ounces of gold to members at a price equivalent of 35 special drawings rights (SDR) per ounce and received 212.7 million SDR for the gold. So
      Reuter.  -  96 words
    • Article, Illustration
      SHL seeks tie-up with local banks
      586 9  -  By COLIN CHEE A WEST GERMAN hank which specialises in ship financing is hoping to tie up with local banks to provide shipping credit to shipowners here. Mr. Klaus Scheerbarth, manager of Schiffshypthekenbank zu Lubeck (SHL), said he recently had preliminary talks with some
      586 words
    • Article
      Lock icon US bond prices still on very soft ground
      741 9 NYT. THE US credit markets, which lost the optimism they had built up in January, this week again face a relatively manageable amount of new financing. As last week proved, however, a moderate financing schedule is no assurance that bond prices will
      NYT.  -  741 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        413 9 THE US dollar rallied slightly on foreign exchange markets yesterday. Opening at 199.50/60 against the yen, the US currency initially eased to 196.96/06 when selling pressures on Far East markets got the US currency down. London opening, however, saw the dollar higher as nervous trading pushed it to
        413 words
      • Article
        Tokyo
        138 9 THE US dollar for overnight delivery yesterday closed at 199.15 yen compared with a 199.20 opening and 197.85 at last Friday's close, dealers said. The US unit firmed to 199.75 at one stage in early trading as Japanese banks covered import settlement needs after Monday's holiday. Its firmness also
        138 words
      • Article
        Australia/NZ
        55 9 QUOTES on the Australia and New Zealand exchanges on Feb 13: AUSTRALIA: US dollar 1.1378. ***** Sterling O MK 0.2*32 Ninety-day airmail buying rates: Sterling 0.5548 US doUar 1.1770 Ninety-day forward buying rate*: Sterling US dollar ***** NEW ZEALAND Sterling ***** 0.5251 US dollar I.KUI.BU Ninety-day airmail buying rates
        55 words
      • Article
        Frankfurt
        51 9 FRANKFURT exchanges opening quotes on Feb 13: US 1J535 50 (IJSM 3ft) Can 1.5505 20 S»g 3.705 715 D F1 SZ.SI CI S Fr 110.» 111.31 Ut 2.21 2.22 f f>-43.44 54 NKr-3S 4S 56 B Fr (con) 5.338 348 B Ft (fin) 4 236 275 Yen OS2J6 6
        51 words
      • Article
        Asian $ rates
        176 9 Asian rates ASIAN currency deposit Interbank rates as at close on Feb 13: 7 days 1 month 2 months 3 months 8 months 9 months 12 months U8 DolUra<8pt) 10 9/16 10ZI/16 1011/18 109/18 10 10*« 111/16 101V16 US/18 113/18 115/18 113/18 115/16 113/18 •tin. DM. (MUJU e„i 1 month
        176 words
      • Article
        Discount
        11 9 i' I <■ i»« f fT23I3BBHHHiBvfl Source: National Discount Co Ltd.
        11 words
      • Article
        MLR
        21 9 THE mra|« rata at which Singapore banks are currently prepared to lead to* their beet customers is 7.75 per cent.
        21 words
      • Article
        London
        219 9 THE DOLLAR yesterday opened firm against most major currencies, compared with Monday night's close here, but easier on late Hongkong levels, dealers said. It started at 1.K05/15 marks after opening indications from the Far fast at 1.8550/ CO, but later strenghtned to 1J517/27 marks, with no new factors affecting
        219 words
      • Article
        Gold
        284 9 GOLD futures yesterday closed sharply lower compared with the overnight levels, in moderately active trading, dealers said. The market opened generally lower and thereafter rose slightly on some local buying interest during the morning's trading but fell back in late trading in line with the weaker Hongkong market, they
        284 words
      • Article
        Hongkong
        119 9 pffi US dollar yesterday tended lightly firmer in late trading, extending Monday s trend in Europe in relatively subdued tradiiw, dealers said. JT* 1 dollar firmed to 1.8530/40 marks from the California 1.9400/500 dose, !2a against 139.15/25 and its 139.15 dose j° yesterday and to 1.6650/700 Swiss francs from
        119 words
    • Article
      Lock icon Mixed margins on Bank of China loan
      104 9 Reuter Juum kub an varkkc tat a sreaeael "■■■>'"■ *—B" eflwsd nUe (LAar). LaeaJ healSm MNdMUIi rr" r ""if-n iiiimiiib **3? **< pnhakty «Ow $1 Milan at U Ma y**r ag», *01 to hr Nww Ave vrfM* j**!*! It til act ke tied
      Reuter  -  104 words
    • Article
      Lock icon Eurocredit for Czechoslovakia
      149 9 Reuter. CZECHOSLOVENSKA Obchodni Banka >>«« arranged a USOOO million (about 554.2 million) 10-year Eurocredit with a spread of 5/8 per cent above London inter- bank offered rata. Banking sources said the spread is thought to be one of the lowest for a Comecon borrower although it is
      Reuter.  -  149 words
    • Article
      Lock icon Have no fear, Canadian banks
      174 9 Reuter. CANADIAN bank in«nt totalling US$3BO million (SSB3O million) to Iran are in little danger of not being repaid eventually. According to estimates by Keri Doodha, an analyst with R. A. Daly and Co Ltd. Canadian bankers believe .the loans will be paid but they
      Reuter.  -  174 words
    • Article
      Lock icon DOLLAR SHORTAGE
      159 9 Reuter. NOMURA Research Institute said a dollar shortage of slightly more than US$l billion (about Ss2.l billion) is likely to develop in January on the Tokyo foreign exchange market, keeping the yen-dollar rate relatively stable. It said in a report the shortage would be due partly to an
      Reuter.  -  159 words
    • Article, Illustration
      Lock icon Cut in prime doesn't reflect lower rates
      438 9 Reuter FEDERAL Reserve board chairman William Miller said it is premature to say interest rates are headed lower and prime rate cuts to 11 Vi per cent reflect "seasonal factors" in supply and demand. He said he would have "to see quite a
      Reuter  -  438 words
    • Article
      A conservative budget
      223 9 IF THE Conservative Party gains power in this year's Canadian federal election, it would end market intervention in support of the Canadian dollar, the party's finance spokesman Sinclair Stevens said. A conservative government would also probably halt federal government borrowing abroad, he told Reuters in an interview.
      223 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      276 9 looking) A HOM E? n u^ fted P"** tr^rtemau it M ttw v «a»'>le property t the top end of I PT6TTDC* <mmn i are especially catered for in thenew LEISURE TIMES supplement that comes with Bi ajturday morning. If you are looking for a new t about what is
      276 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1241 10 BID and offar prtcaa «***>«■ n T liatcd and business la and reported to the Stock of 7*** day with the number©! aharea tradad shown Ui bracfceU In lota of I,OM untta uiUeaa otherwiae apedOad. All Time Settlement Contracta, era fuoaed after the ward "eett". B* Board deal
      1,241 words
    • Article
      Stock options
      85 10 Strildac prices of the options officially listed an the Stock Rifkift of UMinTi resterday, the period. Bids and ottered prices and business done, if any, with the number ot option* traded shown in brackets. hM F B (March HJO) (OJBB 0.435). hill us i (March $L») (0.228 0.4&5)
      85 words
    • Article
      Government bonds
      26 10 4 1/1* i/a/ao (aojoo) (hjsb) 9#-36 4 8/4* 1&/B/80 (290,000) (M.908 M 758) (B) MM a 1/4% T P IMB (250M0) (100 MB 100.136)
      26 words
  • Article
    Unit trusts
    92 10 rn lm ffl mt U» XM ad LB LM IM Ul U I v x rTTTT M LM LM 1 1M lttad Mai Security 1 "Bad LM Mi Mai Berjajra F M LIT LS (i222^ DDMTmar prtnkrMM) S pore Growth ■miiiiiii row MIMi IB IB IB X.T1 1IMM
    92 words
  • Article
    SHARE INFORMATION SERVICE
    2583 10 197*7* Higk .Low Coatpany Last Sale +orCr*s Dhr Dhr Ctt Or'e YTd Net P/K Vol COOO) Day Hi*k Low tSECTION ONE INDUSTRIALS 272 132 Ac ma 180* 123- Alcom 178 107 Allied Cboc 210 133 BAT 275 185* BaU .111 50 Ben 196 106* Berjayu Kawat XV
    2,583 words
  • Article
    In Kuala Lumpur
    1373 10 BID and attar prtoaa ottictaUj Hated and bualnaaa la and reported to Um Kuala Lumpur Stock Earhanpa yaatacday with ttw number of aharaa traded shown In bracket* in Ma of 1,000 unlta uniaaa otherwise specified INPWTMAU »Hwaau>a (1MB). Aleeai (IMB 1MB) <ia> I.N. A «M (i.SM> •ata
    1,373 words
  • Article
    COMPANY MEETINGS
    80 10 Peril* PImMm BMi AGM to be held at Sth Floor, Wtama MOC. HoX J«lu Conlay, Kuala Lumpur at liJO am on Feb 1*. (M): ACM to be held at Balal Bertta, 11, Jalaa Rloof, Koala Lmpnr at 1L0I am oa Feb 17. Aft Molok »abhor CMPMT WAAi AGM
    80 words
  • Article, Illustration
    Shares stage a rally after six days of falls
    335 10 tha af aagapara yaaMriay^^ avltaaaal IM kan B!BB| M MBtlla alaa Bt paaalhUtty that SSMBT'immb^^S fhTrT'WBS SBftlelßßt IBs bargata haaterm, taa, wars ank| lata the BHMBMf. Uva'HßltM inwHc it*. Oa Ike altar MM, pitiiMMl la the AB flMt la aniil la
    335 words
  • Article
    Prices recover over a broad front in KL
    473 10 AFTEB four consecutive sesriOM of decline, prices recovered on a broad (rant on the Kuala Lumpur stock market yesterday. A turn for the better was quite evident right from the start yesterday. Opening prices were marked up marginally, to higher and prices
    473 words
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  • COMPANY NEWS
    • Article, Illustration
      YHS plans efficiency drive to counter gloomy outlook
      1436 11  -  By ARTHUR NG YEO HUP SENG rates its prospects for the current year as rather difficult. The unabated intense competition in both the local and export rrjarkets will continue to put pressure on its profit margins. But the company is not sitting
      1,436 words
    • Article, Illustration
      FOUR – FOR – ONE BONUS ISSUE FROM PARIT PERAK
      408 11 FOUR FOR ONE BONUS ISSUE FROM PARIT PERAK THE LONG iveNie increase in capitalisation at Parit Perak Holdings finally came when the company announced over the week-end a foar-far-one bonus issue. This will bring its share capital np from $m,m to $3 million. The proposed issue will capitalise $2.4 million
      408 words
    • Article
      TAB-Timuran's new purchase
      132 11 TIMURAN HOLDINGS' 49 per cent associate, TAB-Timuran Sdn. Bhd, has acquired 35,000 shares or 70 per cent of TABTimuran Aviation Sdn. Bhd. The new TAB-Timuran subsidiary holds the Malaysian agency for various types of aircraft, including Bell helicopters With the additional stake, Timuran Holdings' raanagMr G. E.
      132 words
    • Article, Illustration
      Selangor Coconut revalues estates
      451 11 SELANGOR Coconuts has declared a two-for-three bonus issue. This should be welcome news for shareholders who are already expecting a better earnings year. The bonus issue follows a revaluation exercise of the company's estates and will capitalise $22 million from capital reserves. Selangor Coconuts at end
      451 words
    • Article
      Lock icon It's only hope
      317 11 °SAUJ 3 by HOCK LOCK SIEW LONG-SUFFERING shareholders of Veneer Products most naturally be curious to know If the suspension of trading In the company's shares on the Stock Exchange of Singapore (SES) will he lifted, now that the company's latest report and accounts are out. Although
      by HOCK LOCK SIEW  -  317 words
    • Article
      BARING Brothers Asia
      48 11 has reminded minority shareholders in Singapore Finance that the offers for their shares from Hong Leong Finance and United Overseas Bank will expire on Feb 19 unless extended. In their reminder, the merchant banker still recommends that minority shareholders accept the Hong Leong cash alternative.
      48 words
    • Article
      MONDAY, Feb 19,
      543 11 will be a red letter day for shareholders of several leading companies listed on the Stock Exchange of Singapore. For the minority shareholders of Singapore Finance, it may at last be the end of the long road which they have to travel while trying to make up
      543 words
    • Article
      DIVIDENDS ANNOUNCED
      206 11 Current Ex Book* Date Total for Total for Payment Date Close Payable the year Previous year Shangri-La 8% I Feb 1 Feb 8 Feb 15 8% 15% (a) Perils Plant 15% Jan 23 Feb 6 Feb 16 275% 225% NST 25% Jan 25 Feb 8 Feb 19 36.3%<a)
      206 words
    • Article
      SCRIP ISSUE
      116 11 Company Particulara Ex Date Booki Cloae MBS Rights Issue of 1 (or 2 </ $2.00 per share Feb 7 Feb 19 STP (1975) Bonus Issue of 1 for 3 Feb 13 Feb 20 Sel Nut Bonus Issue of 2 for 3 Feb 28 Mar 10 P. Product* Bonus
      116 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      37 11 BALUBAID BAHASSON Shipping Stevedoring Agents in HODEIDAH, YEMEN ARAB REPUBLIC Telex No. 5538 Cable: B&iub&id Bahasson Telephone: 2421 2379 2828 Address: P O Box 3(49 Hodeidah, Y.A.R. Interested parties may contact Mr r7" B# m QnfeßS H#4el
      37 words
    • Advertisement
      Page 11 Advertisements Column 2
      76 11 See the latest In water technology at ASIA AQUATECH '79 13-16 February 1979 World Trade Centre The most modern forms of water technology can be seen at Asia Aquatech. Everybody who is involved in water-supply, water treatment (such as factories, plants, etc.) and pollution control should visit Asia Aquatech '79
      76 words
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  • Article
    LEE IN H.K.
    94 12 THE PRIME Minister and Mrs. Lee Kuan Yew left for Hongkong yesterday morning. They were accompanied by the Speaker of Parliament, Dr. Yeoh Ghim Seng, and the Minister for the Environment, Mr. Lim Kim San. An announcement from the Prime Minister's Office also said they will be
    94 words
  • Article
    Lock icon KL invokes ISA against strikers
    440 12 Agencies THE Malaysian government yesterday brought the country's tough Internal Security Act (ISA) against striking workers of the suspended national carrier Malaysian Airline System (MAS). Police said they have arrested 18 union leaders under the Act which could put them in jail without trial for
    Agencies  -  440 words
  • Article
    Lock icon Race against time to get world trade pact signed
    435 12 UPI A NEW world trade agreement for the 1900b now being completed in Geneva will have to be formally signed by mid-April to ensure it passes through the United States Congress later this year. The chief American negotiator, Mr Alonso McDonald,
    UPI  -  435 words
  • Article
    Lock icon Price rumours fuel Indonesian gold rush
    454 12 AFP THERE has been a rush to buy gold by the rich which is causing a sharp increase in the metal's price as the date approaches for the Indonesian government to raise domestic oil prices, business circles said today. The exact date is not
    AFP  -  454 words
  • Article
    ACCI SUBMITS NAMES
    144 12 THE Malaysian Associated Chamber of Commerce and Industry (ACCI) has submitted 174 applications on behalf of its members to attend the spring Canton fair in China due to open In April 15. An ACCI spokesman said the applications, from Selangor, Penang, Perak, Malacca, and Johore were submitted
    144 words
  • Article
    LONDON STOCKS
    809 12 LONDON, Tues.— Share {rices closed up to lip higher in a technical rally after recent (alls, in light buying interest and bear closing, and additionally helped by the BL cars shop stewards' decision to drop strike plans, dealers said. Several leading shares scored double-figure rises, closing mostly around
    809 words
  • Article
    Agencies fined
    38 12 NEDLLOYD EAC Agencies and Guthrie Boustead Shipping Agencies were fined $3,000 and $7,500 respectively by a district Judge here yesterday for allowing their vessels to discharge oil into the sea. Both pleaded guilty through their representatives.
    38 words
  • Article, Illustration
    Lock icon SAUDIS THE NEXT TARGET, SAYS RABIN
    225 12 SAUDI AraMa will be the aorttMget af the wave has swept ever Iraa, aeeardtag to former Israel! Prime Mlatoter Yltahak la a tdevWaa laterview la Jeraaafoai aa Meaday flight, Mr. BaMa declared that the overthrew af the Steh Iraa was the hardest hlew agataat
    AP photo  -  225 words
  • Article
    Lock icon Japan overseas lending dives
    477 12 UPI GROWING CONCERN about international political instability and stiff lending competition caused Japan's foreign-currency-quoted commercial loan extension overseas to lower sharply during the first quarter of 19T9, according to international monetary sources yesterday. The sources predicted during the January-March period Japanese commerical lending to foreign na»
    UPI  -  477 words
  • Article
    Lock icon Dollar better
    121 12 Reuter THE establishment of a new government in Iran, after months of anti-Shah unrest helped the US dollar recover moderately yesterday on the Tokyo foreign exchange market. The US dollar closed at 199.15 yen, compared with 197.85 yen last Friday, in fairly active trading with a total volume
    Reuter  -  121 words
  • Article
    Lock icon Jenkins urges EEC to look outwards
    177 12 Reuter THE European Common Market should become less introspective and turn •more towards its trading partners in the rest of the world. Presenting his annual report on the state of the nine-nation Community to the European Parliament, EEC Commission President Roy Jenkins said EEC's
    Reuter  -  177 words
  • Article
    SAUDIS NOW OWN ALL OF ARAMCO
    82 12 SAUDI Arabia yesterday formally announced the complete takeover of the giant Arabian-American oil company (Aramco). The takeover, retroactive to January 1976, was announced by Dr Abdul-Hadi Taher, Governor of Petromin, Saudi Arabia's petroleum and mineral resources authority. But the announcement, said the ownership agreement
    82 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      133 12 IT PAYS TO CONSULT INDCBUEZ BEFORE MAKING A DECISION ON YgUR CASH BALANCES Today we are quoting the following for Singapore Dollar term deposits up to *****.000 1 month 5*4% p. a. 3 months 6'/«% pj. 6 months 6%% p.a. 9 months 6V«% p.a. 12 months 6'/»% p.a. Savings p.a.
      133 words
    • Advertisement
      Page 12 Advertisements Column 2
      78 12 Just pick up the phone end Emery picks up the responsibility. When you're busy meeting deadlines, controlling inventory, hounding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as seriously as you do. That's Emery Air
      78 words
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      Page 12 Advertisements Column 3
      3 12 SEE PAGE 5
      3 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      56 12 Outlook for Singapore from 6 a.m. to noon today Generally fair. Repert tor 24 prim to 7 M pan. m Feb IS at the airport. Maximum temperature 32.7 Associated humidity 56 Minimum temperature 23.7 Associated humidity Hours of sunshine 10.70 Rainfall in millimetres Nil Total rainfall tor the month 19.1
      56 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Closer co-operation
        102 13 REPRESENTATIVES of shippers' councils from five countries in the ESCAP region met in Bangkok yesterday to discuss the feasibility and implications of setting up a loose form of association to promote closer co-operation among shippers in the area. The talks which ended today will be on the objectives
        102 words
      • Article
        Lock icon Unscheduled stopover
        60 13 UPI THE Herefordshire, a 160-metre freighter, made an unscheduled stop in Honolulu harbour on Monday because of a smoldering fire in a hold containing cotton bales, the coast guard reported. Coast guard chief Mr Jim Gilman said the fire had been smoldering for the past two days and
        UPI  -  60 words
      • Article
        Lock icon Massive ship deal
        117 13 Lloyd's List THE Wah Kwong Group, has ordered three new ships worth £16.4 million (5572.2 million) from Japanese yards, according to the Hongkone Trade Development Council. They are two Panamax bulk carriers, each of 57,400 tonnes, and a container feeder ship capable of carrying 350 TEUs. The
        Lloyd's List  -  117 words
    • Article
      SSA move on finance plan
      567 13  -  LONGER CREDIT SOUGHT By RAHIM KASSIM THE SINGAPORE Shipping Association has submitted a memorandum to Finance Minister Hon Sui Sen calling for several changes in the government's financing scheme for newbuildings. The memorandum sent last week is in response to Mr Hon's call to shipowners
      567 words
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      Lock icon London freight market
      167 13 UPI CHINESE charterers stepped late the spotlight ever the weekend by embarking ea a new booking spree aid they are aanonaciag their decision to cease averaged tonnage. Bookings ea their aeceaat iacladed the 19T7built rj,iM teaaera Leadea Earl aid London Viscoant which received U554,35« a day aad
      UPI  -  167 words
    • Article
      Lock icon Soviet chartering hits 1m tonnes
      584 13 AFP. SOVIET chartering involving as much as a million tonnes of shipping over the past month or so came to light on the freight market last week. But business was being conducted very secretly and details were hard to confirm. although it is generally believed
      AFP.  -  584 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2838 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 of
      2,838 words
    • Article
      INDEX
      495 17 SMppUgLto CM ACS n 5 Afea IV 3 Aguila IV 2 Alfred V 3 All trans IV 3 Alpac IV 5 Angkutan IV 4 ANL i 1 APL m 2 Arya Nat n 5 ASCL m 5 Asia Merchant IV 3 Aust.Cont IV 5 Bank n 5 BBS n
      495 words
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      Container Schedules
      937 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (l) Each vessel's estimated time ol arrival is advised by the Shipping Line/ Agent and is subject to change a 2^ 11 x ,P° rt FCL containers and LCL cargo must be delivered to the Authority
      937 words
    • Article
      Who acts for whom
      1001 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line Aconas Sdn. Lloyd Brasilelro— Paterson Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line
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      Lock icon Redundant oil rigs pose a problem
      1631 18 FT OFFSHORE OIL and gas fields usually will have a life of 15-25 years, so it might appear a little premature for the oil industry to be debating how to remove the massive steel and concrete structures, which it is installing far out in
      FT  -  1,631 words
    • Article, Illustration
      SHIPS IN PORT
      360 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge S 51 (0600) 16 Chidambaram (0700 after Tacoma Maru) 42/43 Dove (1100) 15 Hoso Maru (2300 40/41 Raising (0000 after Alisher Navoi) 6/7 Kota Naga (0700) 10/11 Otagold (1800 after Kota bali) 1/2 Perlis (1800) 21 East Sacramento Maru (0630 after
      360 words
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      Page 13 Advertisements Column 1
      359 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents L,n *s Singapore Pte Lid Tel 92«51 p M rrL* c os e,d K a Lum e ur t >««'• s-MISC Penang Tel ***** «P» IA RI) IM AN I AH r Orient Overseas Co*ilci*teA Line 139 3 a FULLY CONTAMERISED
      359 words
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      Page 13 Advertisements Column 2
      267 13 T SEALORD UJ ANTAH R-V .m UASC UNITED ARAB SHIPPING CO (SAG)" I All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ARABIAN GULF WEEKLY SERVICE" I 1 1 Vessel S pore I Loading for IBN YOUNUS 28/2 Dubai (10/3), Abu Dhabi (13/3), Doha (16/3),
      267 words
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      Page 13 Advertisements Column 3
      209 13 1 o k NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES HI SERVICE 21 m CONTAMR 0 REStMCHCR SSBMOGE N COM! STRAITS/AUSTRALIA RO-RO CONTAINER ***** Anro Anro Jemasa* Australia MM accent t> 11 Mar 2 Apl le Apr »Mar Apt !3Apr 1 Apr 3 Apr I Apt 1< Apr 7 Apt
      209 words
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      Page 13 Advertisements Column 4
      773 13 DSR Set r fl ;f U Cc'u-n- 3 (A Stents Singjpof Shipping Agencies Ptp ltd *u; i.fn-rj. <>] v,; i A M "3 Fufo Asia [kip Sdn Bhd *1 4 '»M P *i *«G >***£? «MUG 64 H MAERSK LINE f«us KXK^t w tofM FULLY CONTAINERIZED FAST DIRECT WEEKLY r—o*
      773 words
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      496 14 K Spa* 18/2 20/2 26/2 28/2 4/3 6/3 10/3 12/3 15/3 17/3 Agents S#>tapore 2751/11 Boodnt ?75i ?09 CFS *****1? fenwu» *****33 SEGANI K I jmpur ?004bb ?008 .'OOSBS United States Lines TRI-CONTINENT CONTAINER SERVICE LOAMNG FOR:- LONG BEACH (LA) OAKLAND (SF) PANAMA. SAV., NY. B'MORE, NORFOLK. HOUSTON. N. ORLEANS,
      496 words
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      Page 14 Advertisements Column 2
      437 14 [m -rY 22 Hk 13/13 11/11 Mar IS/If Ma 21/22 Ma 21 Mb 27 Mb 22 *r2S Itar 74 Mor Ha 27 2 ■I* 22-25/1 20-21/3 29-11/3 LHli J WIL LI *PRISS ARABIAN ASO »«AMAK» PORTS I SQB-CONTABO SERVICE OUVV-UFT CAPACITY 200 TONS) To: OUBM. DAABAAM, KUWAIT ABU DHABI, BAHRAW
      437 words
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      468 14 n EVERGREEN LINE FAR EAST/RED SEA MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTMG CARGO FOR GENOA. LATTAIUA BEKUT ALEXANDRIA BENGHAZI. TRIPOLI (LBYA) S pvt 'MM tat *mt M L«*"« MrlhrcT 23 M 3Mb UIM kMm 7Mb 21 lAb »Mb 21 Mb 2 Apr 4Am 5 Apr •bM-bMt 23Mb 4*
      468 words
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      991 14 Everett Lines if— Rn Star ftippim Cwpi 'BURMESE NATIONAL LINE" l (MOM Fd RANGOON KM BF.S S.C Ag«nu n Motoy« TEPS MALAYSIA K#»ong T«4 (38>-7355 Pcnang T«4 *****/***** Mawfaao* Immmmmfd S. A. C.LF. "ARGENTINE NATIONAL LINE" patagoma mkotpm ivu f+ Tramportaaon Mar it him Maxicana S. A. V*** "MEXICAN NATIONAL
      991 words
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      Page 14 Advertisements Column 5
      658 14 W).S.E. 1 OCEAN SHIPPING ENTERPRISES PTE LTD RM IOP r 103 2 IST FLOOP MARINA HOUSE SHf NTON WAY MISTRI ROAD SINGAPORE 2 TEL 220U44 7 *****70 \m SANKYO LINE AUSTRALIA SERVICE P. KMang Saigapare Loa6ng Mr. VIE MM TMKE STML SaM ta Port 27/21 Feb 25/26 Feb STD ML.
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      996 15 □CI Overseas Containers Limited COWTMOSW mga to wycownpn. Ktarg R«w U Sto. Stare P*ala«| Dmrt Iraa »wk v La tort UK Tea* Uprett b Port lb Feb 9Mv 11 Iter 12 Mb IS Mb 7 Mar »ft ?lfet i; Mar ?0 At* 21 Mar 24 Mar IS Mar kawpMan n
      996 words
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      892 15 GRANARD LINE RELIABLE t DEPEMMBLE NON-COWERENCE EXPRESS SERVICE "EST BOUND-FAR EAST/HDnERRANEAN Vpa» P Ketaui hmmt U**■ hr M.V AMONG FUNG V.23N SaM MiZr Satf/ K MM TAT IZZW MV MM M »24* 21 Ma 11 Mar 2 Apr mm. PSad Alexandria Beirut Lattakia/Pveaus TfipM Btnftan bUnM IU KSSEIS ACCEPTWS C
      892 words
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      803 15 BEN LINE CONTAINERS vomm Mm Capias* EXPRESS CONTAfKI SOtWCE TO/FROM EISOPC R (M« M Spore P WM| N Germany Austna Antaerp UwrpMbay ■Mm [iprru I*M Bey 6/4 2/4 14/4 a/« 16/4 El EMm H SURG BHAVfN ROW HAW SOTO* M Germany Amtria Btattei F'ance MUK PManf Sport Fv MM SaM
      803 words
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      466 15 Scan Dutch EXPRESS CONTAINER SERVICE VIA SUEZ kvi ii 'i I«I t K/7 M BO.fi a/? kimmm M/l nmu a/i a. mm ni—i n/j nran FMMCOCA 7/4 HMW EUMUtI 14/4 NOBMN M t—m xml actapMi carp M Baa**. P fata* WEEKLY SAILINGS EASTBOUNO 1) 6 t*| 2) H kw| I)
      466 words
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      Page 15 Advertisements Column 5
      502 15 GUTHRIE BOUSTEAD THE BANK LINE LTD LOADS FOR Ei S AFMCA ißßlhm U fl m> smn IC/MIMr P IS/I/«« new ust t south mo F oa w -r,. P— [*< p «*M M PW/15 N» S pare M/JI F* 1 r n/22 LYKES ORIENT LINE EXPRESS SERVICE MRECT FROM SBVGAPORE
      502 words
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      830 16 X K LINE KAWASAKI KISEN KAISHA. LTD. N PEARI 13W C RO2E 12W KOREAN lACEWON IW HK CONTAHER 14W MERCATOR 10W TO EUROPE S Doc P Kelang L Havre Rdam 1 i!l2 S!2 21 Feb 22 Feb 27 Feb 28 Feb 6 Mar 7 Mir 11 Mar 12 Mai 23
      830 words
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      Page 16 Advertisements Column 2
      914 16 ®3'. U.S.A./EAST CANADA SERVICE accept«g ra/ia contmos fmm penang p kelang s Ludnf tar KH TQM. NOVOIK 0 E.C./GREAT LARES SERVICE lu*« tar: NOV OIK. KW TOM. MONTREAL TORONTO ftwi B(aw P Mang Singapore "VMWA MMKTT (MM 29 SO) tl/SU M/ 20 Feb It/1? Fab ta PI/14 Fab CALIFORNIA PACIFIC
      914 words
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      Page 16 Advertisements Column 3
      426 16 :r S> S,\(.l<mi|) SINGAPORE SHIPPING AGENCIES PTE LTD t /g, Sl\(, \P()RI. ISI. IM)S l l\l MIDDLE EAST REGULAR LINER A SAFE WAY TO SHIP BYHA. RCL Regional Container Lines WEEKLY CONTAINER SERVICES TO/FROM BANGKOK BOUNTY* BOUHTT n BOUNTY n BOUNTY STORE BANSKOK to ft/14 Fab 17/11 F* It/21 Fab
      426 words
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      Page 16 Advertisements Column 4
      472 16 MM .MALAYSIA* INTMHATtONAI SHIPPING CO*PO*AnO* BCKHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA 1) Barcttona Genoa Aanltrkar Biemtnkawn Aartaa. Copankaftai 'Accepting Earopt cargo tor tetpti >. AnhMrp L Hawt Brfbao talc. UK. 3) Hthmki 4) Mahoc Stockholm Oslo M S pore 1) M*mc Stockholm Oslo Helsinki. 2) Copenkaftn. Aartwv 3) Brtmtn
      472 words
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      Page 16 Advertisements Column 5
      741 16 f INTRASEA (PTE) LTD. Housp 234E Orch.rd Road Sinq ipo r e c Telephone *****11 *****5<" ariTTT'i'?«! i REGULAR —WW SEM/FULI CONTAMBt SERVK TO EUK?* 22 Fa* MM MM Mm 21 MB H Ma Am A c >Wi i MUX* <fU) lit 2352*11 Men i laps no hik t nmm
      741 words
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      414 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND WRECT UNER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) STORE PT KQ PEMNG PT SAC ALEX YANK Frt 20 (Ms Ftb 22 Mar t Mar 11 mmos u to 15 Ih, 2S 3 RRIII Mar 30 Apr 15 Apr 20 MM TIMC CAR6O
      414 words
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      Page 17 Advertisements Column 2
      325 17 M A L D I V E LINES MM DM CORAL Discharging cargo from Nagapatinam and Loading tor Mal«* and Colombo eta spore eta port BUMS 2 nelrm loading for Karachi Ksavnnnr loading tor leddah MAI Dm TRUST loading tor Hongtong. Haoshiung Seanard Shipping I Trading Co (S) Pte ltd
      325 words
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      Page 17 Advertisements Column 3
      329 17 Seatrain Full Container Service to USA fEQo *a stok Mono vsi HR OM u euu l/C 29/2 itikm N/2 13/1 15/3 23/3 24/3 4/3 ?1/1 <V> 31/3 3/4 Full Container Service from USA y™-|rc.,l,. Otf U M FIWK m STOW L*L M» 21/12 5/1 U/l ,S/1 1/2 IV? 12/1 12/1
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      Page 17 Advertisements Column 4
      124 17 NOTICES DONG SUE LINE M.V. DONG YUN VOV. 2/79 arrived 8.2.79 At PSA Godown 45 General survey on damaged cargo discharged ex the above vessel will be held on Monday I9th February 1979, as from 9.00 am. to 12.00 noon. No further survey will be held after this date. Agent*:
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