The Business Times, 23 February 1979
1979-02-23
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The Business Times
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Title Section10 1979-02-23 1 BUSINESS TIMES M.C.(P) No. HI/1/19 FRIDAY FEBRUARY 23,1919 50 CENTS10 words
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BRIEFLY...
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Article66 1979-02-23 1 AP WASHINGTON, Thurs. The US House ways and means committee approved a trade bill yesterday that the government says is crucial to the success of world trade talks nearing completion in Geneva. By a 28-1 vote, the panel sent the full House a bill to restore theAP - 66 words
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Article58 1979-02-23 1 AFP CANBERRA, Thurs. The Australian Minister for Finance, Mr Eric Robinson, 50, tonight resigned from the administration of Prime Minister Malcolm Fraser. Mr Fraser announced the shock resignation to the House of Representatives but gave no details. Treasurer John Howard would be sworn in tomorrow as FinanceAFP - 58 words
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Article48 1979-02-23 1 AFP BANGKOK, Thurs. China should immediately withdraw its troops from Vietnam and Vietnam pull out of Kampuchea, Asean declared in an official joint stand. The position was made public by Indonesian Foreign Minister Mochtar Kusumaatmadja, chairman of the Asean Standing Committee during his visit here. AFP.AFP - 48 words
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Article85 1979-02-23 1 UPI WASHINGTON, Thurs. US sources estimate that a half million well-equipped Soviet troops, including seven tank and 34 mechanised infantry divisions, have been massed for some time along the eastern and central portions of the 7,200-km Sino-Soviet border. Deployed against them in north China at the borderUPI - 85 words
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Article57 1979-02-23 1 UPI WASHINGTON, Thurs. The US economy grew at an adjusted rate of 6.4 per cent for the final quarter of 1978 and 11.6 per cent for the year. The healthy expansion over the 2.6 per cent increase for the third quarter should eliminate the possibility of a recessionUPI - 57 words
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Article23 1979-02-23 1 CANBERRA, Thurs. There is a growing and justifiable mood of optimism about Australia's economic prospects, Prime Minister Malcolm Fraser told parliament.23 words
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Article76 1979-02-23 1 Reuter KUALA LUMPUR, Thurs. The government has ordered the dissolution of an action committee believed to be organising industrial action by 12,000 dock workers at a key port near here. The Registrar of Trade Unions Abdul Othman told newsmen today that the order was given last TuesdayReuter - 76 words
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Article60 1979-02-23 1 UPI NEW YORK, Thurs. The stock market headed broadly and sharply lower early today as major Arab oil producers continued to raise prices. Trading was moderate. The Dow Jones industrial average, which finished unchanged yesterday, was off 5.80 points to 828.73 around 11.00 a.m. Declines led advances, 682UPI - 60 words
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Chief Price Changes
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Article137 1979-02-23 1 Falls Most Active Ayer Hi tarn Tin 1160 -60 H Par M Banking 590 -30 305.000 C C 304 -16 S Darby 260,000 O C B C 765 -15 Consplant 205,000 F N 505 -15 UOB 196,000 Tractors 505 -15 Sin Chew 326 -14 Total Turnover 4.46m Nat Iron137 words
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Article, Illustration150 1979-02-23 1 Falls Most Active M Banking 595; -25 Consplant 563.000 Sel Dredge 390 -20 S Darby 563.000 Oriental 570 -20 H A L 267.000 N Iron 615 -20 H Par 263,000 OCBC 775 —20 A Hitam Tin 1140 -20 Total Turnover: 3.59m C A C 308 -18 Total Value:150 words
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Article720 1979-02-23 1 ARTHUR NG - SMALL MAN WOOED By ARTHUR NG WITH JUST a week to go before its extended offer period lapses, multinational conglomerate Sime Darby Holdings has fired yet another salvo at the rampart of the Guthrie board in a bid to win the hearts of the small720 words
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Article177 1979-02-23 1 Reuter JAPAN'S FOREIGN Minister Sunao Sonoda yesterday assured Indonesia that a Sino-Japanese peace and friendship treaty concluded last year did not affect Tokyo's policy towards Asean. Mr. Sonoda told visiting Indonesian Foreign Minister Mochtar Kusumaatmadja, who is also chairman of Asean standing committee, that JapanReuter - 177 words
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Article37 1979-02-23 1 ASEAN businessmen have decided to push through three joint low-investment projects The projects, a fisheries company, a container shipping company and an Asean trading company, won the unanimous approval of the businessmen meeting in Manila yesterday.37 words
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392 1979-02-23 1 JOHN LIM - By JOHN LIM EXPECTATIONS are generally running high for deals arising from the largest matchmaking session of European and Asean industrialists and businessmen in Jakarta next week. However, a source close to the Singapore delegation to the forthcoming AseanEEC conference on industrial cooperation has said392 words
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288 1979-02-23 1 THE Securities Industry Council (SIC) has ruled as valid the acceptances lodged by United Overseas Bank (UOB) in respect of a large block of shares in Singapore Finance (Sinfin). In a letter sent late ye» terday evening to the Stock Exchange of Singapore, Hong Leong288 words
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267 1979-02-23 1 WANG LOOK KEAH - By WANG LOOK KEAH Aaeaa will ImM a ministerial meeting with the Autnllui to lliem ways to madify Canberra's new cheap sir teres. The meeting Involving (•reign ministers Is likely to he heM In Jakarta la the leeiai week d March. This was267 words
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305 1979-02-23 1 THE OPENING of Singapore's trade office in Jeddah may be postponed indefinitely. The Trade Department has decided to send a task force West Asia frequently instead of setting up a permanent presence in Jeddah, said a source. The regular visits by the task305 words
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Article181 1979-02-23 1 UPI OIL Ministers of the Organisation of Petroleum Exporting Countries (Opec) will discuss a new oil production programme, when meeting in Geneva next month to make up for the loss of Iranian oil, according to Opec sources. Opec secretary general Rene Ortiz announced thatUPI - 181 words
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Page 1 Advertisements
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Advertisement3 1979-02-23 1 `$_.(?@(@]*_!?'|:*&.=;.->^"~~>; SEE BACK PAGE3 words
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Advertisement92 1979-02-23 1 Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and slots. Platinum-coated to give you a smoother92 words
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Advertisement70 1979-02-23 1 QGMDS SHIPPING TIMES AUTOMATION ud the jsb risk. I ence shapes sp I UIC MarehM speaks sp I CHINA Eagiaeers higher at PRICE ef csmmsslestlss mid-way u breakdswn si Leylsad < MURATA reesvery 11 IS Chlaa playing with Ore 7 TIME to emMer sa Aseaa tree LARGEST Asiaa (srex eerier-70 words
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Advertisement217 1979-02-23 1 Canon pin-n uicfomc caicmaio* B |U A "hata M Pap«" Mrfhi/Wiptajr Mwtobr TW FH* hi Yaw Hand Sot* Agant* Guthrie Trading Tel: *****5 I *****5 Third Quarter 1978 ASEAN Business Quarterly The latest issue of the ASEAN Business Quarterly concentrates on some of the reasons why intra-ASEAN trade and industrial217 words
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TRADE AND INDUSTRY
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626 1979-02-23 2 RONNIE LIM - SERVICES ECONOMY SCENARIO By RONNIE LIM SINGAPORE, while striving for higher productivity, should be careful to avoid pitfalls like increased unemployment resulting from greater automation and changes in the employment paaern, cautioned Mr.Jack Cmßyesterday. ■Chia, president of the Singapore Employers Federin his address626 words
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Article81 1979-02-23 2 DR JAN Riezenkamp, Alderman for the Port and Economic Affairs of Rotterdam, will be in Singapore on Monday for a three-day visit of government departments and several Dutch companies here. During his stay, he will visit the Port of Singapore Authority, the World Trade Centre,81 words
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Article54 1979-02-23 2 MR T. G. MORIARTY is the South-east Asian representative for the National Bank of New Zealand and not the Bank of New Zealand as reported yesterday. The National Bank of New Zealand is an associate of Lloyds Bank International, and hence the business connections between54 words
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Article, Illustration129 1979-02-23 2 An Indonesian plantation company, PT Perkebonan IV, recently purchased a small aircraft, the Piper Navajo CR from Anrlte Aviation Company, a member of the Pan-Electric Group and sole distributor for Piper In South-east Asia. The eight-seater aircraft will replace a sbc-seater Piper Aztec, which has been used129 words
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363 1979-02-23 2 THE SINGAPORE Insurance Tniaiag Centre (SITC) to M* prepared to held examlaattoas ea Insurance la aattber twe laagaagea. The eeatre aaw balds examinations far ageato la English aad Chiaeae, aad to prepared to extead theae to Malay aad Tamil, the laaawgf Cammlastoaer,363 words
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Article, Illustration124 1979-02-23 2 NEIL PuUrnw, oae of Britain's top batchers, recently gave butchery aad meat handling demonstrations tor ISS meat trade representatives in Singapore. Mr Faatarrow, who was the winner of the 1178 New Zealand Lamb National Young Botchers' Competition held to the United Kingdom, demonstrated both America124 words
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539 1979-02-23 2 RAHIM KASSIM - By RAHIM KASSIM PROMET Pte Ltd, the shipbuilding arm of the shortlived Jardine OffshorePromet joint venture, has teamed up with a major American firm to serve the South-east Asian tin mining industry. The joint venture agreement for the design and construction of tin mining dredges539 words
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Article113 1979-02-23 2 DE BEERS and the Diamond Importers Association of Singapore will hold a seminar on March 11 on diamonds for jewellery dealers in Singapore. The seminar, to be held at Shangri-La Hotel, will be conducted by Mr Enea Galusero, a senior lecturer of the C.F.H. Institute in Lausanne,113 words
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Article370 1979-02-23 2 A BRITISH-SINGAPORE joint venture here, UIC Marchon (UIC), has brushed aside a claim that its exports of detergent intermediaries will dominate the Asean regional market if tariffs on these products are removed or reduced. Mr. G. Pillai, general manager of UIC, was answering a claim370 words
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214 1979-02-23 2 Reuter AP PRIME Minister Datuk Hussein Onn has ruled out a joint stand by Asean against a threat by London-based International Transport Workers Federation (ITWF) to mount a world-wide boycott of the Malaysian national airline if a pay dispute with airline employees was notReuter; AP - 214 words
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Article55 1979-02-23 2 THE International Business Centre is organising the "Singapore International Business Show" (Sibus *79) at the World Trade Centre from March 8 to 12. About 100 companies from nine countries will display the latest models of office equipment and fixtures, office furniture, company cars and other types of motor55 words
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Article437 1979-02-23 2 COURSES AND TALKS Feb 5-Apr 14: Diploma in Life Insurance, SITC, SITC Feb 17-Mar 3: Marketing for the secretary, SIM, SIM Feb 20-23: Principles and practice of management, SIM, SIM Feb 26-27: Performance appraisal and counselling, SIM, SIM Feb 26-28: Project Planning and Evaluation, Hilton, SGV-Goh Tan Feb437 words
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296 1979-02-23 2 AFP THE PHILIPPINES wil send a mission to South-eas Asia in June to promote its export products. Trade Minister Troadic Quiazon Jr said the mission will comprise Filipino exporters who will visit fellow members of Asean from June 2-23. The missionAFP - 296 words
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Page 2 Advertisements
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Advertisement158 1979-02-23 2 Three new reasons for choosing Scan Dutch .V 7 r mm Far East Red Sea East Mediterranean Morocco Portugal Italy Far East Their names are "Songkhla", "Sum, bawa". and "Tysla". Three new multipurpose/container ships with a tonnage of ***** DWT, a capacity of 745 TEUs, and a flexibility to carry158 words
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REGIONAL
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Article296 1979-02-23 3 Reuter THERE to considerable potential for British and Hongkong cooperation In China's modernisation programmea. British Secretary of State for Indastry Erie Variey, la Haagkong so Ids way to China, told a business dinner on Wednesday night: "The opening np of the Chinese market In the West to oneReuter - 296 words
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487 1979-02-23 3 AFP US Treasury Secretary Michael Blumenthal will leave for Peking today to try to lay fresh foundations for Sino-American economic relations. Mr Blumenthal, who spent his boyhood in Shanghai, will be studying two aspects of Sino-American economic affairs during this visit. One will beAFP - 487 words
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170 1979-02-23 3 UPI SRI Lanka's oil emissary to Saudi Arabia, Transport Minister M. H. Mohamed, has sealed a bargain to purchase 600,000 tonnes of oil, the government announced on Wednesday. Ceylon Petroleum Corporation chairman Daham Wimalasena will fly to Riyadh, the Saudi capital, this week toUPI - 170 words
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Article58 1979-02-23 3 AN American trader who tried to give the Japanese consumer an option to purchase inexpensive foreign products was found guilty yesterday of violating Japan's customs and liquor tax laws. Steven Rempell was ordered to pay 15,414,000 yen (*****,000) in fines and penalty tax and was58 words
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Article, Illustration718 1979-02-23 3 MR PAUL Ritter, an architect and town planner, of Perth, Western Australia, learnt from surveys that concrete is regarded as an unpopular substance. Though widely used as the base material for multistorey buildings, walls and bridges, the grey face of continuous concrete producesSource: AIS Photo - 718 words
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Article, Illustration83 1979-02-23 3 INDONESIA Foreign Minister Mochtar Kusumaatmadj (left) shakes hands with Japanese Foreign Minister Sunao Sonoda at the Foreign Ministry In Tokyo yesterday. In the first ronnd of talks earlier, the two agreed that all foreign troops should Immediately withdraw from the conflicts in Indochina. Mr Sonoda "highlySource: AP photo - 83 words
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511 1979-02-23 3 AFP JAPANESE newspaper editorials yesterday called for an early solution to the US-Japan row over the "buy Japanese" policy of the state-run Nippon Telegraph and Telephone Public Corporation (NTT). The leading economic daily Nihon Keizai said, "This problem has long been regarded asAFP - 511 words
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Article136 1979-02-23 3 AFP A POWERFUL British selling mission comprising 26 food makers will visit Japan next month, the British Embassy in Tokyo announced yesterday. Of the 26 British companies, 15 makers including Burton's Gold Medal Biscuts, Chiltonian, James Ashby and Sons, Weetabix and Elsenham Quality Foods will take partAFP - 136 words
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520 1979-02-23 3 Reuter JAPANESE Prime Minister Masayoshi Ohira said yesterday he hopes to visit the US "at a time convenient to both countries." Mr Ohira, speaking at the Foreign Correspondents Club of Japan, gave no indication when the visit would be, but Japanese press reportsReuter - 520 words
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Page 3 Advertisements
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Advertisement39 1979-02-23 3 PRESENTING A PROFILE ON THE NEW EUROPEAN SUCCESS STORY THE FORD GRANADA 2.8 GHIA i J t i. < a FORD GRANADA 2.8 GHIA (or more dfirtils i IJNIV J.RSAI CARS PKIVATI IIMIIHD TlONt. H()ON( OMPAW I'KIV All IMIII I)39 words
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Page 3 Miscellaneous
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Miscellaneous614 1979-02-23 3 LI TWO-lI-CRYPTIC CLUES ACROSS 1 Where to wear a watch (5) 6 One relies on such establishments (5) 9 Not calculated to do one good (7) 10 Pester a girl to start with (5) 11 They may keep one's head above water (5) 12 Unlikely to relent (5) 13 Claims614 words
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RAW MATERIALS
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330 1979-02-23 4 TIN prices could move substantially higher despite current static tendencies, commodity traders Rayner-Har-will say in their latest commodity review. This conid be the quiet before the storm, with the downtrend which started last October coming to a halt. "Stocks of tin are still not330 words
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Article, Illustration570 1979-02-23 4 CHAN BONG SOO - By CHAN BONG SOO AGAINST a background of political and economic stability, the Indonesian tin mining industry seems set on a course of expansion and the time will not be far away when Indonesia will overtake Bolivia as the world's second largest tin570 words
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Article250 1979-02-23 4 PRICES on the Singapore rubber market yesterday were marked 0.75 of a cent higher at the opening in response to higher overseas advices and news of the escalation of China/Vietnam war. The market later rose fairly sharply on covering interest and speculative buying, with profit-taking well absorbed. Trading was250 words
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Article437 1979-02-23 4 Prices In cents per kilo yesterday: kltfwvn !>OOfl Cloae (1 jer kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 249 25 250 25N 252.50 253 50N Int 1 R.S.S. March 250.50 ***** 254 00 254.50 Int. 1 R.S.S. April 252 50 253 00 256437 words
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Article121 1979-02-23 4 NOON SSK and SMK urufi i veslerdax RAS March April (Currtal Mlhl (For ward Mtb) Buyer* Sellers Buyers Sellers SSH ill ll li* pallet! -Ml t«> IOON ***** 244 IION SSK Ml iI-Iimi pallet i 238.00 240 OON •239 00 241 OON MRF.LB SMK CY 11 t'Hi121 words
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Article75 1979-02-23 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated LONDON: Tues Previous Malaysian SHffa bulk per tonne April 7O0slr 099slr Sumatra 5% f fa bulk February unch 73Sslr March 730s Ir 715/712 pd April 720slr 710pd May 707' sir 705slr June 700pd 690 685pd July75 words
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590 1979-02-23 4 Reuter THE president of Commodity Exchange Inc (Comex), Mr. Lee Berendt, said the introduction of new futures markets on American exchanges, or the duplication of existing ones, may not necessarily dilute or destroy general liquidity. Asked to comment on warnings at last week's futures industryReuter - 590 words
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Article99 1979-02-23 4 COFFEE prices will flictute appreciably m ike world market in ike next few years despite an increase in a valla Me supplies, the United Nations Fsod and Agriculture Organisation (Fas) ferecast In Rime sn Wednesday. It expected tkat prsductieu would continue ts expand in Brazil in tkc earning99 words
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Article83 1979-02-23 4 THE STRAITS tin price in Penang yesterday rose Ms 2 to $1,900 per picul. A lower volume of tin metal delivered was the main reason for tbe small rise, despite weaker London advices, while support from Japan and the local operators also aided sentiment, dealers said. Total turnover83 words
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Article30 1979-02-23 4 Rubber: Feb 22 Singapore: March: 254.00 cents (up 6.75 cents) Malaysia: March 256.25 cents (up 5.75 cents) Tin: $1,900 (up $2) Official offering: 152 tonnes (down 23 tonnes)30 words
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Article87 1979-02-23 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Feb 22 until further notice: Rabber: 243 cents a kilo; Capra: M 51,293.84 a tonne; Palm kernel: $965.75 a tonne; White pepper: $4,672.53 a tonne; Black pepper: $2,962.85 a tonne; The rates of duty payable87 words
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Article79 1979-02-23 4 DM WHAT most traders considered a technical correction, Chicago soybean futures on Wednesday dropped late in the session and gave back much of the previous day's gains. But despite declines of 11 to 7't US cents a bushel, many traders said they were impressed by the market's resistance to79 words
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Article84 1979-02-23 4 HEAVY buying by a commission house, believed to be covering of short positions, pushed Chicago wheat futures sharply higher at the close on Wednesday Values finished with gains of 10'4 to 5>4 US cents a bushel, near the day's highs. The final-hour rally was kicked off when the commission84 words
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Article877 1979-02-23 4 OILSEEDS: Brokers said international export sales supported some sections of the vegetable oil market yesterday but business was thin. The Soviet Union was reported by brokers to have taken 30,000 tonnes of Philippine coconut oil this week while India booked 10,000 tonnes of rapeseed oil on Wednesday and877 words
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Article, Illustration824 1979-02-23 4 Depthnews Science Service WHILE man has always looked upon the sea for part of his food, interest in aquaculture or fish farming arose only recently. Fish farming is said to have started in Egypt 2,500 years ago, but in most developing countries itDepthnews Science Service - 824 words
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Article360 1979-02-23 4 THE SINGAPORE produce market yesterday ruled generally quiet and featureless with prices finishing mixed. By and large, overseas interest was still seriously lacking. Price incompatibility was one of the reasons given for the withdrawal of foreign buyers. Because Singapore coffee traders were trying to hold their limited stocks360 words
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Article295 1979-02-23 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 pet first claw (Kangaroo) new crop O.K. 100 pet second class O.K. 100 pet third class 0.83. 25 pet new crop no stock. B-10 pet 0.75. THAI BROKEN: A-super 0 62. Special O SS. THAI RICE: 55295 words
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Article194 1979-02-23 4 YARN and cotton prices were quoted as follows in Hongkong yesterday; (In HK dollars, spot ex-godown) Cattea yan: China Blue Phoenix 20s 2.370; 32s 2.910; 40s 3.100 (per bale of 400 lbs). Ptoc* (Mds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly194 words
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Article137 1979-02-23 4 TRADING on the sugar futures market yesterday recontinued Wednesday's dull trend with prices slightly lower at the closing call, dealers said. Two lots were traded against one on Wednesday. T*«aJ galea: Two (prev one Cotton trading remained dull with prices virtually unquoted throughout the day, dealers said. Only137 words
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Page 4 Advertisements
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Advertisement165 1979-02-23 4 We have a history of making our depositors' savings grow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their165 words
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OVERSEAS
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482 1979-02-23 5 Reuter UNION negotiators urged 1.5 million workers in Britain's public services to accept a new pay offer worked out with the government and end their month-long strike. Union leaders said if the workers accept, the campaign of lightning 24-hour strikes, go-slows, overtimeReuter - 482 words
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Article240 1979-02-23 5 UPI EGYPTIAN President Anwar Sadat said on Wednesday Sinai will revert to Egypt but the problem is the West Bank and Gaza. Reports from Camp David predicted that this round of talks will not be "decisive". The ministerial-level talks aimed at reaching an Egyptian-IsraeliUPI - 240 words
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Article807 1979-02-23 5 ARRIVALS Service Local Operator Number Time From SIA SQ913 0015 HKG PAA PA006 0045 SFO HKG TMA TL345 0530 BEY DXB BOM KUL SIA SQ88 0620 KWI BAH SIA SQ101 0615 KUL MAS MH607 0845 KUL MAS MH671 0915 KUL CPA CX710 1005 HLP RBA BI323 1030807 words
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Article, Illustration123 1979-02-23 5 THE FIRST-EVER woman flying Instructor to train British Airways' student pUots has started work at the airline's training college. Wendy Crick (above), a 25-year-old former medical secretary, has joined the team prepar- ing to receive the new coarse at Hamhle near Southampton. Wendy's task will be123 words
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377 1979-02-23 5 NYT A MEMORANDUM from White House economists to the US Environmental Protection Agency asking for a complete review of pending water pollution regulations is threatening to bring to a flashpoint simmering discontent among agency officials over what they see as White House interference inNYT - 377 words
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340 1979-02-23 5 Agencies TOM Hibbert, president of the Wool Textile Delegation (WTD), has reproached the European Commission in Brussels with failing to fulfil its oft-repeated pledges that it would comply fully with the Multifibre Arrangement (MFA). He was referring in particular to the Commission's promiseAgencies - 340 words
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WORLD IN BRIEF
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Article515 1979-02-23 5 Agencies THE NUMBER of unemployed in the European Economic Community rose to 6.5 million or 6 per cent of the working population in January, mainly due to bad weather. The Community's Statistics Bureau said this reflected marked rises in male unemployment in West Germany, Luxembourg and DenmarkAgencies - 515 words
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249 1979-02-23 5 NYT THE MEXICAN army has sent troops to the country's rich southeast oil fields to remove roadblocks set up by angry peasants. The peasants are claiming compensation for land expropriation, by the state oil monopoly, Pemex. Pemex has blamed "professional agitators" for theNYT - 249 words
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698 1979-02-23 5 AFP IRAN'S new revolutionary regime averted a serious crisis in its shaky relations with the United States by releasing on Wednsday an American marine accused of "firing at Iranians" during last week's storming of the US embassy in Teheran. Marine Sergeant Ken Kraus,AFP - 698 words
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Article214 1979-02-23 5 UPI SAUDI Arabia, concerned over the vulnerability of the Persian Gulf, wants to buy all of Iran's 77 Grumman F--14 Tomcat jetfighters from the new government. The magazine Aviation Week and Space Technology reported on Wednesday in Washington the Saudis are "concerned over the vulnerability ofUPI - 214 words
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111 1979-02-23 5 UPI AMERICAN prestige abroad is "sagging badly" said Senator John Tower (Republican-Texas), and suggested the Carter Administration bolster the US image by showing a willingness to use force if necessary. Sen. Tower, who recently returned from meetings in Europe with six Nato allies, saidUPI - 111 words
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Article184 1979-02-23 5 NYT FOR THE FIRST time since World War n, a leader of a small party will be asked to try to form a new government in Italy, President Sandro Pertini announced. Mr. Pertini said he will make the offer to Ugo La Malfa, leaderNYT - 184 words
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Page 5 Advertisements
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Advertisement46 1979-02-23 5 (fa otto tfie TfeUoui iti. Co* (ate ONLY 11 DAYS LEFT O 1 ?\Ut <? 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 1146 words
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461 1979-02-23 6 THERE is perhaps no better forum to bring up the pitfalls and problems encountered in automation on the factory floor than at a gathering of personnel managers. All enterprises, after all, are run by human beings and the quality of the business is judged by461 words
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332 1979-02-23 6 THE MEETING in Jakarta next week of Asean and European businessmen is unprecedented in its scale. Asean entrepreneurs realise just how important this meeting could be to them, and they will be turning up in force to make as many friends as possible332 words
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Article, Illustration1334 1979-02-23 6 NYT A SOGGY blue-and-white British Leyland banner hovered nearby as a knot of pickets poked at their fire and shuffled their feet in the slush, trying vainly to keep warm. "Bloody liars," said the defaced banner, "that's what B.L. stands for." Some 19,000 workers atNYT - 1,334 words
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Page 6 Advertisements
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Advertisement296 1979-02-23 6 ft 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 401296 words
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Page 6 Miscellaneous
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Miscellaneous24 1979-02-23 6 3riStoW: Flank BickenS T\i_Ue.S Terops CAtJ HEJLP VOU"? mfc. Neeos F PRWRT£ SccCetp\ey. ft r C V ft I'LL JUSf U)(2lTe DOU>sl n/CVR, fteQuißcnesiTs24 words
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Miscellaneous856 1979-02-23 6 Give Inventors a chance VO( MIGHT mat to give TV Inventors (8.35pm on Channel 5) a try tonight. This Is a documentary series about these Invaluable men (and women, toe?) who have, through their hard work, persistence and genius, made major eontrihottsns to human life. The half hour episodes will856 words
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Article, Illustration1098 1979-02-23 7 HENRY S. BRADSHER - CHINA did not seem to have a well-thought out rationale for its invasion of Vietnam. And political observers are already speculating that it will end up the net loser, having further damaged relations with the Soviet Union and made its ties with the USNYT - 1,098 words
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Article834 1979-02-23 7 When Carter gambled and lost NYT FROM California to New Hampshire, Democratic politicians are voicing doubts that President Carter can he re-elected in 1981. lnless there is a dramatic improvement in the nation's economy, they say, he may not even be able to hold on to his party's nomination inNYT - 834 words
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Article363 1979-02-23 7 Herbert Teo - Letter to the Editor Herbert Teo Dear Sir: We refer to your article "Home Damage Row with PS* and your leader "It's best not to ask for quarters" (BT Feb 16). You have advised Port of Singapore Authority (PSA) employees to apply for HDB flats. Since the363 words
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Article282 1979-02-23 7 WHOEVER it was that handled the advertisements for the programme for the Stage Club's production of Alan Ayckboum's "Table Manners" (on at the Cultural Centre till tomorrow night) must be complimented. Of the eight ads, three have been sDeciallv desitm nave Deen specially designed to tie282 words
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958 1979-02-23 7 John Drysdale - FORUM ...with John Drysdale THE only advantage of being in hospital, apart from being utterly spoiled by Singapore's wonderful doctors and nursing staff (and many well-wishers), is that it does at least give one time to think. Whether the results are any use is958 words
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Page 7 Advertisements
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Advertisement367 1979-02-23 7 and where to entertain l-site up your life at Vanda Live it up at the newly renovated Vanda Bar. Styled for comfort and good cheers Sing along with our resident duet George David to your favourite request Happy Hours from 5p.m.-Bp.m. 30% discount Singapore OrachTd Inn an oasis in the367 words
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INTERNATIONAL STOCKS
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Article380 1979-02-23 8 Reuter CONZINC Riotinto of Australia (CRA) said it will make a one-for-15 renounceable issue of 50 cent par shares at A 52.90 each to shareholders registered March 16. As part of CRA's naturalisation programme, its major shareholders, Rio Tinto-Zinc (RTZ), will renounce the greater partReuter - 380 words
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Article334 1979-02-23 8 UPI Reuter FORD MOTOR sold more than two million cars and trucks outside North America in 1978, leading all other US carmakers for the 14th year in a row. Executive vice president Donald Peterson said although the figures were not yet final, "it is evident that FordUPI; Reuter - 334 words
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Article178 1979-02-23 8 ITALIAN Fiat's general manager, Senator Umberto Agnelli, has held talks with prominent leaders of Norway's aluminium and plastic industry. He was also briefed thoroughly on Norway's industrial policy by Minister of Industry Olav Haukvik and Petroleum and Energy Ministry Councellor Erik Himle, who represented Petroleum178 words
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Article116 1979-02-23 8 FUJI Photo Film has turned in higher consolidated net income of 19.61 billion yen for the year ended Oct 20. 1978, against 18.42 billion yen previously. Sales rose to 312.59 billion yen from 298.36 billion yen. Earnings per share also increased to 64.9 yen from 61.1116 words
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193 1979-02-23 8 Reuter TEXAS lateraatieaal Alrliaes said It to prep—tag a merger with National Airlines for at least USSM per share. Texas latrrnatioaai, in a telegram seat te Nattse aJ, said the terms It is prepared te prepese weald involve aa exchaage of each share efReuter - 193 words
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Article158 1979-02-23 8 Reuter CANON expects non-consoli-dated after-tax profit in 1979 to rise 7 per cent to eight billion yen from 7.46 billion last year, on estimated sales of 12.5 billion yen, up 17 per cent from 136.96 billion in 1978. It also hopes to declare an unchanged 7.50Reuter - 158 words
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Article290 1979-02-23 8 AP THE AMERICAN-OWNED Goodyear Tire plant in Glasgow, Scotland, announced yesterday that it will be closing because the British workforce refuses to accept management productivity proposals. Mr Westi Hansen, chairman and managing director of Goodyear Tyre and Rubber Co. (Great Britain) Ltd., said the refusal ofAP - 290 words
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Article220 1979-02-23 8 Reuter MASSEY-FERGUSON has reported that for the first quarter ended Jan 31, 1979, it made a profit per share of 59 cents against a loss of U552.25 in the previous corresponding period. Net profit amounted to $13 million caompared with a loss of $39 million on a salesReuter - 220 words
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Article652 1979-02-23 8 TOKYO Source: DBS-Daiwa THE NIKKEI Dow Jones average gained moderately yesterday after a three-day consecutive drop. Pharmaceutical issues including Eisai and Green Cross shot up owing to buying by mutual funds and the major brokerage houses. Moreover, light-electrical and precision machinery issues also advancedSource: DBS-Daiwa - 652 words
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Article335 1979-02-23 8 Source: SHK Sec THE MARKET moved within a narrow range on low turnover yesterday as investors remained cautious ahead of the budget and reported escalation of fighting in Vietnam. After a weak morning session. prices firmed following a reasonably successful land auction but analysts noted the sites were onlySource: SHK Sec - 335 words
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Article267 1979-02-23 8 SELECTED mining and industrial leaders made modest gains yesterday in a day of generally mixed trading, dealers said. FEB 22 Cenu INDUSTRIALS A C. I. 1«S 1 AMI iinrh A P M 130 1 2 uncti Amuol Ptl 19 BHP J 045 Bank NSW 34ft •2 2 unci) BormJ267 words
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Article236 1979-02-23 8 THE market closed lower on continued selling pressure yestreday, dealers said. FEB 22 Bahts Asia Credit Asia Film Ayuthsy* In*. And Trust 310 245 unch -4 Bangkok Investment Bangkok Bank Bangkok Drying And SUo Bangkok Insurance Bangkok Metropolitan Baa Bangkok Nylon Bank Of Asia Bank Of Ayudhaya i.m 324236 words
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Article129 1979-02-23 8 TRADING at the Manila Stock Exchange closed mix with commercial and oil issues higher and minings lower, while a general downtrend was seen at the Makati Stock Exchange. FEB 22 Pesos A CO)# Mining 0106 unch AUti Con A Alias Con a Z 25 50 unch Bafulo OoM mis129 words
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Article62 1979-02-23 8 FINANCIAL TIMES INDUSTRIALS Wednesday 456.9 Tuesday 460.3 Week Ago 457.4 DOW JONES AVERAGE INDUSTRIALS Wednesday 834.55 Tuesday 834.55 Week ago 829.78 LONDON DOLLAR PREMIUM Wednesday 8#'» to 90 Tuesday 89'» to 90 H.K.HANG SENG Thursday 515.96 Wednesday 514.99 Week ago 538 95 SYDNEY INDUSTRIALS Thursday 487.40 Wednesday 488.9862 words
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Article1249 1979-02-23 8 NEW YORK STOCKS lost ground in moderate trading on Wednesday as investors took profits on the gains scored on Tuesday when Eastman Kodak reported strong fourth quarter profits. Analysts said that with the China-Vietnam conflict and factional fighting in Iran continuing, there was little incentive1,249 words
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Article225 1979-02-23 8 FEB 21 C» AbiUbl 18 unch Alcan 43H unch ALfoma 28 w unch Bank Mont 25 v» >■% Bank Nova Scotia unch Bell Tel M H Beth Corp BP Can Ltd ZZ 24 H Brascan Its Camp Red Lake ¥><* unch Can Imp Bk 28W Canpac unch Can par225 words
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Article257 1979-02-23 8 FEB 21 Hand INDUSTRIALS A Alpha 140 235 •5 AE And CI 400 15 AMIC 1290 570 -5 rn a 205 Currte Finance 96 -5 1500 4 10 350 4-5 4450 >50 278 Fed Volk 210 300B Hippo Hivfid 245 45 Huletu Liberty 193 43 LTA 250 M And257 words
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EUROPEAN MARKETS
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Article187 1979-02-23 8 FEB 21 Francs Actions SuUses 100 4-1 Alusulsse Br. 1440 -10 Alusulsse Ret 902 1 Brown Boveri Br IKK 30 Clba Oel» Br 1330 15 Ctba Getty PC1015 Ota OeltJ Rea im Credit Suisse Br 2300 -36 Credit Suisse Ret 440 •1 Elektrowatt Br >040 -10 Oeorfe Fischer Br187 words
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Article206 1979-02-23 8 FEB 21 ru abn 363 00 ♦13 Ahold in.w Akao 31 00 -9.1 A KIEV 92-2D 0J Am fas 112.00 0J Am rot Bank T7.00 0.4 r T~ 96 00 84 50 05 -02 Boa 99 40 -02 Borsumlj 106-50 95 Burhm&nn 72J0 01 Byenkorf MJO -01 Calee Delft206 words
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Article279 1979-02-23 8 FEB 21 Pr* CORBEILLE Air Liquid* m -OS B S N Ofmu Danone C 8 F (ThomjonCaf) 485 357 -«1 J Cte Pimncmlar dei Petroles Compacnle Financier* IS -06 Compacnle Oenerale no -106 Credit roncier De France 426 01 Hat he tie < Ubrairie) Machine! Bull Mtchelln (B) 229279 words
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Article202 1979-02-23 8 FEB 11 Ael-Teietunken Dm nto AkCO JBJD Alu Lcbeit M6 00 All* Vffl ***** BASF 1XL00B Bay H T Wttnk 277 00 Bay Vt*nk ■640 limyr 136 JO •PC BMW Mi mat Cuaella ***** Chem Verw Commmbtnk MM Conli Gummi Daimler-Bent Defuasa Demag Deutsche Bank Dreadner Bank Dt Texaco202 words
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Article98 1979-02-23 8 FEB 21 m FORWARD MARKET Ac*« 436 1 ArtttH m0 Astur 712 +4 Bructn 470 41 Bru-L&mb 1830 45 Canpic 618 44 Cock 400 1 De Beers 214 43 Ebes 2625 1170 Eiectrobel 0010 unch Ob-Inno-Bm 2825 4 15 Oev 1378 48 Hobok 2920 -20 Petro 3070 -5 Ryl98 words
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Article96 1979-02-23 8 FEB 21 Lire ♦7Ante 34.50 Assoc Gen ***** -no Bastofi 521 Central* 4640 -0! Flat 2743 -27 Ftnstder ***** 7.5 Oen immot 06 75 unch in pn 2200 -0 Italcemenu ***** f90 Itaicai 001 0 Italslder ***** 0 Magnet* M PI 550 4 MarellJ Ere 222.50 41 Mediofc *****96 words
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Page 8 Advertisements
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Advertisement244 1979-02-23 8 McCarthy Information Services (UK) We invite the Singapore business community to subscribe to the UK-based McCarthy Information Services at the same price as British subscribers receive these weekly services in the United Kingdom. This has been made possible because the services are air-freighted to Singapore in bulk and distributed by244 words
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BANKING AND FINANCE
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Article, Illustration400 1979-02-23 9 QUEK PECK LIM - By QUEK PECK LIM SINGAPORE'S largest gathering of corporate treasurers and financial executives will be held next week at the Shangri-La Hotel. The gathering, the first in Asia, is organised by the international financial magazine Euromoney and AMR International, one of the largest400 words
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565 1979-02-23 9 HONGKONG and Shanghai Banking Corporation will continue to upgrade and enlarge its existing branches in Malaysia to overcome the restrictions placed on the opening of new branches. (Bank Negara as a matter of policy restricts foreign banks from opening new branches). To provide565 words
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144 1979-02-23 9 CHASE Manhattan Asia Ltd said it and Lloyds Bank International have been given a mandate to raise a US$2OO million 10-year loan for the Korea Exchange Bank (KEB). The loan, which will be used by KEB for onlending partly to its branches144 words
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Article27 1979-02-23 9 Reuter ALGEMENE Bank Nederlud NV said it is increasing Its Singapore prime lending rate to 8 per cent from 7.75 per cent, effective Feb RenterReuter - 27 words
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246 1979-02-23 9 Reuter THE FEDERAL Reserve Board would act to maintain its lower money supply growth targets announced on Tuesday if there were any large shift in Eurodollars to the US. Federal Reserve Board chairman William Miller was responding to a question from House Banking Committee chairmanReuter - 246 words
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208 1979-02-23 9 Reuter SOUTH KOREA'S Tong Yang Nylon Co signed a contract in Hongkong to raise an US$ll.5O million (about Ss2s million) syndicated loan at a floating rate of 0.875 per cent over London interbank offered rates, a Bank of America Asia spokesman said. Bank ofReuter - 208 words
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360 1979-02-23 9 Agencies THE second tranche of US treasury mark-denominated notes, Schuldscheine (Carter bonds), will probably be heavily over subscribed and possibly by 100 per cent, despite a sharp deterioration in the market on Wednesday, bond dealers in West Germany said. They said the German FinanceAgencies - 360 words
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MONEY AND EXCHANGES
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Article337 1979-02-23 9 SINGAPORE gold futures yestenlay closed steady to slightly higher in active trading, dealers said. Opf-ning prices were mark**) down marginally following the metal's overnight weakness in overseas mark ets and thereafter rose arou nd US$l on some local buying interest and in line with the firmer Hngkong mai-ket, they337 words
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Article483 1979-02-23 9 THE US dollar yesterday opened on a generally firmer note. However, selling came in after lunch, bringing it down to close weaker against major currencies. It suffered a substantial loss against the yen. From 202.40/50 at its opening against the yen, the US dollar stayed at that level483 words
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Article21 1979-02-23 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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Article184 1979-02-23 9 Asian rates ASIAN currency deposit interbank rates as at close on Feb 22: 7 days US Dollar*(Spot) Offer BmJ 10 5/16 103/16 1 month 107/16 105/16 2 months 100/10 10 7/16 3 months 10 10'. 6 months 11 1/16 10 15/16 9 months 11 10 12 months 11 10 S».Fr».184 words
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Article57 1979-02-23 9 Range of price* offered b y discount house* on Feb 22: Overnight to 4'.5* Call deposits 4> •<% to 4' Closing Buying Selling 3 month Treasury bills 4 7/16 4 5/1'S 3 month Bank bills 711/16 7 9/16 3 month CO 7 5/16 7 3/16 6 month CD 757 words
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Article75 1979-02-23 9 QUOTES on the Australia and New Zealand exclianges on Feb 22: AUSTRALIA: US dollar 1 1310 1.1262 Sterling 0 5654 0 5690 Ninety-day airmail buy in.* rates: Sterling 0 5893 US dollar 1.1701 Ninety-day forward buying rates: Sterling 0 5729 US dollar ***** NEW ZEALAND Reserve Bank midrate USI1.063775 words
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Article216 1979-02-23 9 THE DOLLAR yesterday opened a little uncertainly here against a background of reports that heavy fighting was underway between Chinese troops and Vietnamese regular army units along Sino-Vietnamese border, dealers said. But there was no undue selling pressure on the dollar and against some currencies, noteably the Swiss franc,216 words
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Article53 1979-02-23 9 FRANKFURT exchanges opening quotes on Feb 22: US ***** 80(***** 73) Can 1.5505 25 Stg 3 722 732 D F1 92.50 65 S Ft 110 96 ***** Lit 2.20 21 F Fr 43.30 40 NKr- 36 38 48 B Fr (con) 6.335 345 B Fr (fin) 6.226 266 Yen53 words
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Article187 1979-02-23 9 THE US dollar yesterday fell to a late 201.40 55 yen from New York's 201.90 202.00 close and its opening around 202.20 here after determined Bank of Japapan yen-support intervention in Tokyo, dealers said. Trading in dollar-yen turned Active after midsession but in other currencies dealings continued quiet and187 words
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Article143 1979-02-23 9 THE US dollar for overnight delivery yesterday closed weaker at 201.20 yen, compared with a 202.00 opening and 201.70 at Wednesday's close, after determined central bank yen-support intervention. The Bank of Japan sold an estimated US$l5O million at various points between 202.40 and the day's high 202.70 to support143 words
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185 1979-02-23 9 THE RESERVE Bank of Australia said the statutory reserve deposit (SRD) ratio of the major trading banks will be raised to 5.5 per cent of deposits from 4.5 per cent on March 2. This will require banks to lodge about As2oo million (aboutSs4Bo million) more185 words
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Article128 1979-02-23 9 BANKERS tram a leadlag Italian luk will be la Peldag early next month at the iavltatfM of the Bank at Chlaa. lie team will comprise the maaaglag director of Bane# 41 Rama aad the head of lta lateraattaaai operatfoas iIIvMm. The ItaUaa baakera are h Slagapare at128 words
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334 1979-02-23 9 Reuter THE JAPANESE Finance Ministry is considering relaxing regulations which permit only international financial institutions to issue Euroyen bonds. Ministry officials said the relaxation will probably facilitate Euroyen bond flotation by foreign governments and other organisations which have expressed a desireReuter - 334 words
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223 1979-02-23 9 Reuter TWO US economists told a Financial Times conference in London on the Euro markets that they expect substantial increases in US interest rates before the end of 1979. Norman Robertson, chief economist of Mellon Bank NA, said he saw shortReuter - 223 words
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Page 9 Advertisements
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Advertisement355 1979-02-23 9 LOOKING FOR A HOME? Then look for it in Business Times classified property advertisements an easy to read guide to the available properties at the top end of T rrSi^f t J?™ e hunters especially catered for in the new LEISURE TIMES supplement that comes with Business Times Saturday morning.355 words
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DEALS DONE ON THE SES AND KLSE
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Article1434 1979-02-23 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal1,434 words
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Article86 1979-02-23 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 F E (March 11.45) (0.375). larifcespa (March $1.30) (0.238). Paa Electric (March $1.20)86 words
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Article127 1979-02-23 10 4 1/2% 1/8/80 (250,000) (99.408) 4 3/4% 15/9/80 (250.000) (99M8) 5% 15/4 81 (250.000) (***** 99.758) 5% T F 1/5/83 (250.000) (100.108 100.20S) 5 3/4% T F 15/6/81-84 (250.000) (102.305) 5% 13/11/84 (250.000) (100 008 100 OSS) 7% 15/4/85 (250.000) (100.808 100.955) 7% 1/5/85 (250.000) (100.708 100.8SS) 7127 words
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Article154 1979-02-23 10 SINGAPORE UNIT TOUR (Nutitn' pta tar M S) The Commerce 2.0} 2 22 The Saving Fund 129 1.37 S pore Prog Fund 0.91 O K S pore Sec Fund 1.67 1.T7 S pore Invest Fund 1.18 1.25 INCOME BOND UNIT (Cuml prim) Income Bond 1.14 1.30 MARA BIDUPITRA154 words
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Article2572 1979-02-23 10 Gr'» G r-m Net 1878/79 Last Div Div Yld P/E Vol Day High Low Sale or- Cvp (•000) High Low SECTION ONE INDUSTRIALS 272 132 Acma 222 12. ON 1.3 5.4 24.1 190* 123" Alcom 189 10.0 22 5.2 14.0 m 178 107 Allied Choc 119 10.12,572 words
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Article1747 1979-02-23 10 INDUSTRIALS Ajinamata (2MB). Atcam (1.938) (4) 1.03 Mala (2 4SB) (8) 3 48 Ban (0 61|B 0 628). Kaarat (1.088 1 MS) (20) 101 CD. Baantaad (2 638 2 688) (2) 2.71 (3 2 72 4 2.M (1) 2 71 (1] 2.67 (11) H Baaaataadaa (1 088).1,747 words
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Article, Illustration734 1979-02-23 10 JUDGING by the way they were selllag shares m the Stack Exchange Siagapere yesterday It was as theagh the warM was etintag ta aa end. Itore were mameats whea the paale was aa pervasive that hMs were Immediately met by sellers. It was734 words
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455 1979-02-23 10 THE STEADY erosion in prices took the Kuala Lumpur stock market broadly lower yesterday. Caution and uncertainty gave way to nervousness as sellers flooded the market in an effort to clear positions. The widespread selling forced the blue chip indicator, the New Straits Times455 words
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COMPANY NEWS
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Article66 1979-02-23 11 Ayer Maiek Robber Company Bbd: AGM to be held at No. 22, Jalan Gelanggang, Malacca, at 10.00 am today. Veaeer Products Lid: AGM to be held at Suite 2716. 27th Floor, Intemation- al Plaza, Anson Road, at 10.00 am tomorrow. The Stnlti Times Pre* <irJ5) Ltd: AGM to66 words
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Article, Illustration1027 1979-02-23 11 MANO SABNANI - By MANO SABNANI SIME DARBY'S Hongkongbased subsidiary, China Engineers (Holdings), has turned in better-than-expect-ed results at the half way mark and seems set to at least equal last year's profits of HK560.77 million in the current year ending June 30. The well-diversified group, whose1,027 words
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311 1979-02-23 11 w ajaecL^ by HOCK LOCK SIEW IN THE name of (air play, any farm af influence calculated to bring about a false market should be abbarred and, where passible, the mischief makers taken to task. Yesterday, as the Singapore stack market was reeling311 words
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Article287 1979-02-23 11 FEDERAL Cables, Wires and Metal Manufacturing Bhd said its rights issue of 9.01 million ordinary shares received acceptances in respect of 5.76 million shares. The balance of 3.24 million shares has been taken up by underwriters Malaysian Industrial Development Finance Bhd and Malaysian International Merchant Bankers. The five-for-eight287 words
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Article, Illustration899 1979-02-23 11 ANTHONY TAN - By ANTHONY TAN FOLLOWING the depression in the second half of its last financial year which cut deeply into the company's profits, Murata Manufacturing of Japan has managed to recover through development of new markets for its electronics components. For the899 words
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Article217 1979-02-23 11 Ex Book* Date Total for Total for Payment Date Close Payable the year Previous year Temerloh 3.5% I Feb 6 Feb 16 Feb 22 3.5% 13J%(a) A Molek 20% Feb 2 Feb 12 Feb 23 20% 20% Sel Dredge 20% I Jan 31 Feb 10 Feb 25 20%217 words
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Article94 1979-02-23 11 Company Particulars Ex Date Books Cloae Sri Nut P- Products Toshiba Nat Iron Bovia SEA Bonus Issue of 2 for 3 Bonus issue of 1 for 4 Rights Issue of 3 for 2 *1.50 per share Bonus Issue of 1 for 2 Rights Issue of 3 for 594 words
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Page 11 Advertisements
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Advertisement187 1979-02-23 11 SINGAPORE MCCP) 93/1/79 VOL3 NO2 W> FEBRIKVRV fiP9 PRCE $300 Bu AND 5V < 5 2 Singapore can afford to be cool. Whichever way you look at it, however it is debated, Singapore's National Income is Higher than per capita GNP Suggests. John Drysdale explains in the February issue of187 words
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455 1979-02-23 12 AFP THE United States has initiated moves to hold United Nations Security Council "consultations" on South-east Asia which could be the prelude to an international conference to settle the region's problem. Diplomats in Paris said yesterday the idea of a conference, one ofAFP - 455 words
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Article217 1979-02-23 12 Reuter THE BANK of Japan appears to be changing its intervention policy to stemming the decline in the yen rather than just smoothing out erratic foreign exchange market fluctuations, banking sources said. The bank sold an estimated US$l5O million (SJ33O million) yesterday compared with $50 millionReuter - 217 words
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Article, Illustration394 1979-02-23 12 THE ADMIRAL of the giant Soviet Pacific fleet is believed cruising in waters near Vietnam, aboard a strategic command ship, intelligence sources said yesterday. They said that the admiral was embarked with his staff aboard his flagship, the 16,100-ton Admiral Senyavin. Soviet military sourcesSource: UPI photo - 394 words
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172 1979-02-23 12 Reuter THE BANGKOK Pest said today the heads of governments of Asean will meet US President Carter la tke Hud capital In Jane when tke American lender is expected to visit Tkailaad. Tke newspaper gave M ssnree far Its reparl which said tkat leadersReuter - 172 words
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Article103 1979-02-23 12 Reuter CHINA has moved reinforcements into Vietnam around the Friendship Pass and its troops are digging in and waiting for Vietnamese army units moving north to face them, informed sources said in Bangkok yesterday. The sources said they had no figures for the troops on either side,Reuter - 103 words
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Article574 1979-02-23 12 THE TIME has come for Asean governments to work towards the creation of an Asean Free Trade Area (AFTA) and the establishment of truly Asean multinationals to spearhead the drive for private investment in intra-regional trade and industrial projects. This was stated by Tun Tan Siew574 words
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Article864 1979-02-23 12 LONDON, Thurs. Government bonds closed as much as a point firmer, but were below the day's highest levels while leading equities mostly finished at the day's highs in active trading, dealers said. At 3.00 p.m. the Financial Times index was up 1.9 at 458.8. Barclays Bask was a864 words
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230 1979-02-23 12 AP WORLD tourism, already bigger business than iron and steel or armaments, will more than double in the next 20 years, the World Tourist Organisation predicted. The nations of the world can expect 3 billion international and domestic tourists by the year 2000,AP - 230 words
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Article54 1979-02-23 12 THREE officials of Peking's Bank of China arrived in Tokyo yesterday to discuss trade financing between Japan and China. The Chinese will remain there for two weeks and meet officials of the Bank of Tokyo and other Japanese commercial banks to confer on Japanese loans to54 words
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390 1979-02-23 12 LIBYA RAISED its oil prices by 5 per cent on Wednesday, and several American oil companies announced reductions in deliveries to their customers as the effects of the cutoff in Iran's petroleum exports continued to spread. The price rise by Libya followed390 words
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473 1979-02-23 12 A BRITISH diplomat has said unless a code of conduct can be agreed among the superpowers in relation to the Third World, EastWest relations stand the risk of being poisoned. Speaking to the Foreign Correspondents Association of South-east Asia yesterday, the British High Commissioner here,473 words
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Page 12 Advertisements
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Advertisement131 1979-02-23 12 IT PAY§ TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are quoting the following for Singapore Dollar tear deposits up to 5S?50.000 1 month 5*«% p.a. 3 months 67<% p.*. 6 months 6V«% p.*. 9 months 6V«% p.a. 12 months 6Vi% p.a. Savings 4%%p.a. We131 words
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Advertisement123 1979-02-23 12 0 BANCO DO BRASIL S.A. Singapore Branch U.S. $20,000,000 NEGOTIABLE FLOATING RATE CERTIFICATES OF DEPOSIT DUE FEBRUARY 1982 In accordance with the provisions of the Certificates notice is hereby given that for the initial six months interest period from 23rd February, 1979 to 23rd August, 1979, the Certificates will carry123 words
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Page 12 Miscellaneous
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Miscellaneous58 1979-02-23 12 Outlook for Singapore from 6 a.m. to noon today: Isolated showers around midday. Report for 24 prior to 7.31 p.m. on Feb 22 at the airport. Maximum temperature 31.1 Associated humidity 74 Minimum temperature 24.2 Associated humidity 97 Hours of sunshine 4.40 Rainfall in millimetres 5,1 Total rainfallfor the month58 words
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SHIPPING TIMES
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PORTSIDES
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Article108 1979-02-23 13 UPI GREEK merchant marine comprising 4,133 ships totaling 36.9 million tonnes at the end of 1978, marked a 10 per cent increase in tonnage in one year, the Greek statistical service announced on Wednesday. The statistical service said another 784 ships of 13.3 million tonnes under foreignUPI - 108 words
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Article64 1979-02-23 13 Reuter TANKER brokers in London anticipate that the laid up tanker figures for February will show many VLCC being lay up as a result of the lack of oil cargoes out of the West Asia Gulf. They also reported an increase in the number of tankers being placedReuter - 64 words
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Article90 1979-02-23 13 AP AMERICAN ocean surveyors sailing their crippled vessel to a safe harbour in the Indian Ocean said on Thursday that they thought they would be killed after hundreds of Maldive islanders swarmed onto their ship, looted it and attacked the crew. Radio officer Mr Gary Ruehle saidAP - 90 words
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Article521 1979-02-23 13 SINGAPORE shipowners who are bent on replacing their tonnages with secondhand vessels should ensure that they have sufficient working capital and ready employment for the vessel before shopping for finance. This is because financing of second-hand tonnage, although readily available, is being offered on521 words
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Article, Illustration257 1979-02-23 13 A JOB well dene will eamrage any customer to re torn with the confidence thai he will receive the same treatment each time. This work* la the shipping industry, too, as exemplified by the return of the tanker Oceania for the third time to Sembayaag Shipyard.257 words
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2341 1979-02-23 17 SCHEDBLE A guide to ships loading at Singapore for Ports i 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 Port2,341 words
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Article522 1979-02-23 17 Shipping Line Page C*l ACS 5 Afea IV 3 Aguila IV 2 Alfred V 2 Alltrans IV 3 Alpac IV 5 Angkutan IV 4 ANL I 1 APL m 2 Arya Nat n 5 ASCL in 5 Asia Merchant IV 3 Atlas V 3 Athenian V 2 Aust.Cont IV522 words
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Article1000 1979-02-23 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the1,000 words
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Article900 1979-02-23 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)—Unipacific. Alpac Line900 words
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1298 1979-02-23 18 FT TO SAY that despair has enveloped Falmouth the small Cornish port on the River Fal which boasts one of the best natural water harbours in the world would probably be an understatement. "The town will never be quite the same again. It's hadFT - 1,298 words
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Article209 1979-02-23 18 UPD THE tight bunker supply situation and ever-rising prices continued to confuse the freight markets. There was further evidence of tonnage demanding higher rates to move cargo to the Far East where the situation was said to be particularly awkward. Continental grain fixed the Vasilis from Durban toUPD - 209 words
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Article, Illustration362 1979-02-23 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge S 51 (after Fuji Maru) 13 14 Bunga Gelang (1100 19 Crown Cherry (1830 after Royal Viking Star) 47 Djatiwangi (after Evermore Ascendant) 31 32 Frotario (0530 after Nedlloyd Kobe) 3 4 Kota Tanjong (0600 after Kota Harapan) 10 11 Lica362 words
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Page 13 Advertisements
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Advertisement365 1979-02-23 13 Gi st class transport Agents: Nedlloyd EAC For further details, please refer to page 3 Scan Dutch V IA RDIM A\ lAH r Orient Overseas FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) CXVU.ER RO2E 12* Sailed KOREAN lACENON IN* 27 2 H KONG CONTAKEK 14N 8 3 MERC*IO® lON ORINTAI365 words
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Advertisement188 1979-02-23 13 SEALORD ANTAH UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity. Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE' Vessel S pore Loading for IBN YOUMUS 1/3 I |6N AL ATHEER 10/3 1 16H BASSAM 15/3 RED SEA DIRECT SERVICE Vessel S pore188 words
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Advertisement273 1979-02-23 13 NEPTUNE ORIENT UNES LTD K MCI HON S'pvt Cknmt Tan: fa Carp WOO 21 FA ia c*t» 0000 n f«» Mm carp ta/lw«« Scmfciw FROM EUROPE (VIA SS BRIDGE N CORAI C PAUL N PEARI C ROff KOREAN lACEWON HK CONTAWR fjporr Osaka Trtl 10 Mar Mar lllb NU< 30273 words
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Advertisement702 1979-02-23 13 Call us We call the world Agents: Nedlloyd EAC Please refer to page 3 MAERSK LINE FW.LV CONTAINERIZED FAST DIRECT WEEKLY 2223 J2 hi in ri FOR fast Am (Ho* lapan (Tokyo Mamia Keetur* I*fonififi Yokohama Nafoya Osaka Shunuu) IK II 2»/2 21/2 »/2 5/3 Uc« Maan* S*l IS IMPORT702 words
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Page 14 Advertisements
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Advertisement722 1979-02-23 14 Hapag-Uoyd VVWVVKWVVVVVWJ FULLY COHTAfOtSQ) TO EUROPE Ouki Bat ta Port 24/2 17/3 20/3 Zl/i 24/3 KauaaMara 26/2 16/3 18/3 19/3 24/3 B«m. 4/3 5/3 26/3 29/3 30/3 3/4 iMRMIbf 8/3 26/3 29/3 30/3 3/4 talta U/3 31/3 2/4 3/4 10/4 Kmm Man 10/3 4/4 6/4 7/4 10/4 KMriMßai 19/3 21/3722 words
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Advertisement385 1979-02-23 14 Tr CANADA/USA Padfc Cert IILZEETZZ m^mwnu (UC) »-27/2 9-12/3 Ml/1 2S- 1/3 13-15/3 6-4/3 21-23/2 17/3? 12-14/4 27/4 15-14/4 31/4 27/3 1»/ 31/3 12/ 1/4 1 4/4 5/4 5/4 I IV 11/4 19/ u! 24-21/2 11-19/3 29-21/ 21-23/ 24-25/ 25-25/ 19-11/3 29-29/ 39-31/ L« M|a> Sm Franatc* 23-24/2 19-11/3 ■TWT77™385 words
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Advertisement606 1979-02-23 14 EVERGREEN LINE FAR EAST/RED SEA MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTWG CARGO FOR GENOA. LATTAMA. KKUT ALEXANDRIA. BENGHAZI TMPOLI (LBYA) S'pvt 'MM Nrt Satf Ims* liftara Fa ItarMlnlvcin »M* Ste UN* 17Nb 22 N* 24 Nv Kits Mk> 22 Mm li*> »■> 2* V 5 Apr ft Mm606 words
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Advertisement1097 1979-02-23 14 Everett Lines Bum* Fwt Star Shippiwi Cwpa. "BURMESE NATIONAL LINE' lOMME FOR RANGOON v\ MGYAWYWA M 382/2S Ft* BFS S C Agents n Motoyvo TEPS MALAYSIA Port Kelong Tel (381-7355 Penang T«( *****/***** CIM hnwxl—m S. A. C.I. F ENfINE NATIONAL LINE' HMMNENIIM »/2B %r 21/22 Apr~ 23/24 Apr" CtA1,097 words
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Advertisement592 1979-02-23 14 r mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 102 2103 21ST FLOOR MARI\A HOUSE SHF NT ON «VAY MiSTRI ROAD 2 TFt *****44 7 A ***** 70 131 SANKYO LINE AUSTRALIA SERVICE P. KMang LaadMg tar yw MM SjM hi Part SYO, MEL. ACQ TWEE STM 2f Fab/2 Iter 23/25592 words
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Page 15 Advertisements
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Advertisement718 1979-02-23 15 OCL Overseas Containers Limited cowiMPar gmcg TO MK/C<WOT: CONTAWERSHIP SERVICE FROM UK/CONTKENT It Hburf Braa C<m Hwi S ton PWn* Spore MMi faM SM W W faM 7Mb T*. KB Bl) Mailt hM kH SM SM «Mb 4MB MR U Na*a« Upr<» S*d Salad M bM MM 13 Ma HR718 words
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Advertisement1004 1979-02-23 15 GRANARD LINE RELIAttI DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOIMD-fM EAST/IOITEAHAItAN MV MM 111 V 22* S pore PKetar* PM| 21 Fek 3 Mar MV MM M Vlm MM* 1 Apr MV. MM MNC V.2W1.. CVbout. MW P Said Aieuandria Be«et lattatia Pweaas/Tnpoh Benghazi MM P Sa*l/Aleiandria Beirut /ImmmU lartaiua Pireaus1,004 words
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Advertisement498 1979-02-23 15 nH BEN LINE CONTAINERS EXPRESS COKT MO SERVICE TO/FROM EUROPE KMC BNAKN BOMB HAVW SOTON FBOMCUUPt H SURG BHAVIN (DAM HAVK SO lON i» Of nun j Austria Benek,. Fr Ml AB UR F*etei| Spore F* ltete.l Cipreu SM W Uri W SM 2/3 «BU Rontoea lay IM SM W498 words
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Advertisement257 1979-02-23 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ |Vi >* i»i T i j »7i 11 :#i: »i i :mn WEEKLY SAILINGS EASTBOUND PROM KAED/UK/NC/SCANDINAVIA 4) Out—p. Aaptortoa. UK 4) Bar «u a mi* *ccmn fa/fa i i cm ft to HeMC*"* t lapan CONVENTIONAL SERVICE TO EUROPE (VIA SUEZ)257 words
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Advertisement427 1979-02-23 15 GUTHRIE BOUSTEAD AGENCIES LYKES ORIENT LINE EXPRESS SERVICE DfItECT FROM SMGAPORE TO NEW ORLEANS. MOBILE, HOUSTON. GALVESTON. ALSO ACCEPTMG CARGO FOR BANGKOK. MA ML A. TAIWAN. HONGKONG PUS AN AND JAPAN PORTS. ietttmikes imiim*). Pawn KM UApr FESCO LINES MOHf l OT V L APIVOSTQN FESCO STRAITS PACIFIC LINE rot427 words
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Page 16 Advertisements
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Advertisement966 1979-02-23 16 K LINE KAWASAKI KISEN KAISHA. LTD. MJROPt EXPRESS SfR vlCt C ROZE 12* Sated m Pott KOREAN lACE*ON 1W 27 Feb ?8 Feb HK CONT/UNER 14* 8 Ma' 9 Mai NKRCATOA 10* 1? Mai 13 Mai 0 CHEF 17 Mar 18 Mar TO EUROPE S pore P Kelang L Ha»re966 words
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Advertisement911 1979-02-23 16 U.S.A./EAST CANADA SERVICE acceftmg ra/ia contakns fhn penang. p xel ang. stok im*c *w ran. ndreolx Pena* Bdwan P Uni) S*x«KXf eTc'/great lakes service im*« tar Novau. «w ram, monthw.. Toronto Penary Bcuww P u«i| Support -msmm mMir (mm a icq k n/n fa* lour**- ***** Hw 9/11 Ma Rhr911 words
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Advertisement550 1979-02-23 16 :r I'lMip SINGAPORE SHIPPING AGENCIES PTE LTD st s (,f Mmi s S Ati i«\M i Ae.t iHu: ,M \j%, SIMiAPORIi ISIAMIS A/\/ MIDDLE EAST REGULAR LINER A SAFE WAY TO SHIP BY SSA RCL Regional Container Lines WEEKLY CONTAINER SERVICES TO/FROM BANGKOK MIX COUNTY VS MUX COUNTY DSRLIMES Fa550 words
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Advertisement697 1979-02-23 16 *UI»YSiAN INTfPNATIONAI SHIPPING CORPORATION BCPHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDIN AVU WEST BOW Aho Accept** For 1) Barcelona. Genoa 2) Amsterdam Antwerp, I Na»re. Babao Basle. UK. 3) Bremen Bremenhaven. Aartais. Copenhafen Hrismki 4) Mm mo Stockholm Oslo •Accepting Europe carjo lor leeder n) S pore 1) kUuno Stockholm697 words
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Advertisement804 1979-02-23 16 t INTRASEA (PTE) LTD. FabPf House 234E O'chara Road Singapore 9 Telephone *****11 *****57 WV 1 «WM MDEPFIOENT SM/FUli COAT JUNE* SERVICE TO EUROPE £»0" P Wang Pew, Im*< Mr MMta VHT MM 25 F«A M Part Rotterdam Hamburg NORA3MNUI 21 Mb MM. SjEh£r, AnWSA ("t) UO-*****1 naOK 2JMKI iS"804 words
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Advertisement349 1979-02-23 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) S TORE PT KEL PENANG PT SAB ALE* VANNS Feb n Omrts Mar 6 Mar 20 Mar 25 PYRAMBS U M» 29 Apr 15 Apr 21 mi U Apr 10 Apr 2i May 3349 words
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Advertisement321 1979-02-23 17 ATHENIAN TANKERS MANAGEMENT S.A. (Shipowners. Shipbrofcers. Managers, Agents) 33, Akti liaoufi, Piraeus. Greece Regular Vegetable 01 Carriers to U.S.A.-EUROPE-AFRICA-M© EAST-INDIA-PAKISTAN PORTS FROM STRAITS STRAITS-USA FULL RANGE (Sf/LA/NOIA/NY EXCLUDING PORTLAND) M T. "TOXITIS" STRAITS-EUROPE M T "ATHENIAN HORIZON' P. Kelang S'pore 21 22 Feb 23 Feb Belawan Penang P. Kelang 6321 words
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Advertisement355 1979-02-23 17 KP?ar €aat igi He* }gtd WEST BOUND 10AWNG FOR MUSCAT. DUBAI ABU DHABI BAHRAM KUWAIT CONFDCNCE EXPRESS VS6N ETA ETD 25 Feb 27 Feb EAST-BOUND DtSCHAXGMG ONLY AL FARAJ VB7E IS Mar 19 Mar ce*,* ***> Gulfeast Shipping Pte Ltd Suite 704/706. Ocean Building Cotlyer Quay. Singapore 1 let *****3355 words
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Advertisement359 1979-02-23 17 I g Seatrain Full Container Service to USA FEEOER ttl STOW MOTHER VSL W OAK U OAF E/C Saitraa Princeton 4/3 21/3 23/3 31/3 3/4 Mpponca 27/2) V 141 Atemaru Eiprrss 4/3 Saitiaai Leimflon 13/3 30/3 1/4 9/4 11/4 V. 151 Full Container Service from USA MOT*I ttl E/C Oil359 words
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Advertisement187 1979-02-23 17 NOTICES FAR EASTERN FREIGHT CONFERENCE SABAH, BRUNEI AND SARAWAK FREIGHT CONFERENCE FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS BUNKER ADJUSTMENT FACTOR (BAF) THE ABOVE CONFERENCES WISH TO ANNOUNCE THAT AS A RESULT OF INCREASED BUNKER PRICES THE BUNKER ADJUSTMENT FACTOR WILL BE INCREASED FROM 16.62187 words
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