The Business Times, 1 March 1979
1979-03-01
1
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The Business Times
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Title Section10 1979-03-01 1 BUSINESS TIMES M.C.<P( No. IH/l/ll THURSDAY, MARCH 1,1979 50 CENTS10 words
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BRIEFLY...
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Article80 1979-03-01 1 Reuter JERUSALEM, Wed.- Prime Minister Menachem Begin said today great issues still blocked the way to an Israeli-Egyptian peace treaty and warned he would reject any US pressure that might be applied in his coming meeting with President Carter. The Israeli leader said there had been aReuter - 80 words
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Article63 1979-03-01 1 Reuter. LONDON, Wed. Britain's Rolls-Royce Company said today it plans to set up a plant in the United States to expand its share of the world aircraft market. Its chairman, Sir Kenneth Keith, said the longterm strategy is to increase the company's share of the world gasReuter. - 63 words
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Article46 1979-03-01 1 Reuter. PERTH, Wed. Striking port workers who have stopped shipping movement at the port of Fremantle since Monday, will meet tomorrow to review their position, union sources said. The strike has left eight vessels alongside and 11 vessels off the port awaiting entry. Reuter.Reuter. - 46 words
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Article49 1979-03-01 1 Reuter CAIRO, Wed.- Saudi Arabia today cancelled all leave for its armed forces and was reported to have decided on the recall of all its 4,500 troops in Lebanon. The' two developments came as fighting continued between Saudi-backed North Yemen and its leftist neighbour, South Yemen. ReuterReuter - 49 words
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Article33 1979-03-01 1 Reuter KUALA LUMPUR, Wed.- Malaysia's influentialMuslim Youth Movement today called on the government to form a national committee to plan implementation of Islamic laws in this multiracial country. ReuterReuter - 33 words
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Article62 1979-03-01 1 UPI. LONDON, Wed. Union leaders representing 70,000 of Britain's 1.5 million low-paid public service and hospital workers, voted today to accept a pay deal that would mean an early end to six weeks of walk-outs that have plunged the country into turmoil. The decision was taken byUPI. - 62 words
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Article72 1979-03-01 1 AFP. PEKING, Wed. US Treasury Secretary Michael Blumenthal hinted today that a "full-scale war" in Asia following the current Sino-Viet-namese conflict can lead Western bussinessmen to have "different attitudes towards China." "But this has nothing to do with bilateral SinoAmerican relations," he stressed. He said he had informedAFP. - 72 words
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Article62 1979-03-01 1 UPI. NEW YORK, Wed. The stock market, struggling to rebound from Tuesday's clobbering, turned mixed early today after a lower opening. Trading was fairly active. The Dow Jones industrial average, a 27.65point loser the previous four sessions, was ahead 0.69 point to 807.69 around 11 a.m. Declines ledUPI. - 62 words
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Chief Price Changes
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Article136 1979-03-01 1 Rises Most Active Tronoh Mines Sungei Besi U A C Y H S Msia M Credit M Banking Tractors UBS O U B Sel Coconuts U O I Sin Chew Island Pen Int Wood Falls Paper Products Carlsberg Dunlop Ind Sune Darby Nanyang Press OUT 725 715 336 282136 words
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Article, Illustration134 1979-03-01 1 Rises Most Active DBS 454 FAN 530 N Iron 635 Sg Besi 730 Esso Ol d 396 SEA Lumber 150 M Credit 157 Car Is berg 408 20 10 10 10 08 07 07 06 UOB 328,000 consplant 234.000 Harimau 92,000 H Par 90.000 Total Turnover 1.72m Total134 words
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Article723 1979-03-01 1 JOHN TAN - DEARER TRANSPORT By JOHN TAN, Economics Correspondent THE COST of living this year is almost certainly to be affected by rising oil prices. Wholesale prices in Singapore of a wide range of petroleum products have already been creeping up. Industrial and commercial high-energy users,723 words
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Article266 1979-03-01 1 MAS' new Boeing 737, the tenth in its 8737 fleet, is expected to arrive at Subang International Airport on March 24. A MAS spokesman said yesterday the delivery flight will start from Seattle on March 20 and stopover at Winnipeg, Gander, London, Istanbul, Bahrain266 words
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536 1979-03-01 1 Reuter, AP, UPI IRAN IS now producing 1.5 million barrels of oil a day, with no plans for any increases in the immediate future. Of these, 800,000 barrels are for domestic use. The remainder is available for exports which is one-eighth ofReuter,; AP,; UPI - 536 words
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Article177 1979-03-01 1 JAPAN'S Mitsui Industrial group is pulling out over two thirds of its Japanese workforce from a project to build a U553.25 billion (5J7.15 billion) petrochemical complex at Bandar Shapur, in a joint venture with Iranian interests, a group spokesman said. However, Mitsui said this does not177 words
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271 1979-03-01 1 Reuter AFP THE ladoaesiaa Parliament has passed the li trillion rupiah (SCSi UlliM) balanced budget far fiscal 1*79 HI submitted by President Suharto on Jaa 8. Three of the foar pollUeal groapiags la Parliameat also railed on the goverameat to postpone a proposedReuter; AFP - 271 words
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486 1979-03-01 1 Agencies VIETNAM and the Soviet Union yesterday issued strikingly similar demands that China withdraw its troops from northern Vietnam and both warned for the first time that the conflict could spread. As the first major battle in the 12-day-old Sino-Viet-nam war appeared to haveAgencies - 486 words
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Page 1 Advertisements
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Advertisement13 1979-03-01 1 v .'i i •I• ii --X L'J l iitffci AIUNSMGNNE^R^u^A. SEE PAGE 513 words
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Advertisement18 1979-03-01 1 Red White Le Cellier Quality French wine at a realistic price Ki. I •V if# 4 Eastern Agencies18 words
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Advertisement67 1979-03-01 1 SHIPPING TIMES HABCO of Germany sets up shop 2 WHITHER I S-vSaudi relations... C DOLLAR ud sense of fostering tourism in 5ingnp0re................. 7 FORUM: How to judge proteeprime lending rate 9 TAN Cheng beachhead in East Malaysia...... 11 REPUBLIC well-rigged est to snppiy Brazil 12 HBBC n pilsfcfi performMEMOPAD I,67 words
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Advertisement87 1979-03-01 1 }__{=[-$|]>.(-@=|{,`.-[|?$+|=[? AKAI mm r T t rIOPOWCI' It PRO 400 G 'i* K r AKAI PRO SERIES fc IT'S ALL SYSTEMS GO IN *79 ii!*&at Pro Power AkaTs newfomSy of sophisticated systems in the 100 A. 200 A, 300 400 series has what ft takes to keep us way ahead87 words
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TRADE AND INDUSTRY
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Article372 1979-03-01 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 26-Mar 1: Budgeting and budgetary control, SIM, SIM Mar 5-23: Port Administration and Operation Course, PSA Conference Hall, PSA Mar 19-20: Communications for Effective Management, Ming372 words
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541 1979-03-01 2 FONG MEW LENG - By FONG MEW LENG WITH the steady growth of multinationals, Singapore is also becoming increasingly attractive to small foreign companies with highly specialised technology. One such company is Hasco of West Germany. The company has been given a five-year pioneer status541 words
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Article50 1979-03-01 2 SINGAPORE will extend Its International telephone service to Comoros and introduce the nnmber-to-nnmber telephone service to Senegal and Trinidad and Tobago from today. The Telecommsnication Authority of Singapore said this brings the samber of conn tries with telephone service to Singapore to 111 and nnmber-to-nomber connections to 72.50 words
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Article, Illustration118 1979-03-01 2 FOXBORO FAR EAST recently completed o order (or electronic process control systems for three cement kilns at Gresik, East Java. Mr Kenneth Yeoh, the company's production manager, said Foxboro Singapore engineers designed the control systems and completed the engineering and panel mana(actnre In lost three months.118 words
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180 1979-03-01 2 THE Federation of Filipino Chinese Chamber of Commerce and Industry (FFCCCI) is sending a delegation here early this month to discuss Joint venture opportunities with its counterparts. A delegation from the Singapore Chinese Chamber of Commerce and Industry (SCCCI) will, in rerturn, be attending180 words
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Article167 1979-03-01 2 MACHINERY sales and firm trade enquiries totalling more than $6 million were recorded during the five-day Kyoto-Osaka-Kobe Machinery Show at the Singapore Conference Hall, which ended on Feb 25. Mr. Toshio Mori, chief organiser and secretary of the show, said yesterday that some of the167 words
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167 1979-03-01 2 HONGKONG and Singapore contributed the highest number of guests to the Hotel Inter-Continental, Manila, last year, while guests from Indonesia, Taiwan and Malaysia followed closely behind. Of the hotel's 72 per cent occupancy last year, about 8 per cent were on group and conference business167 words
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219 1979-03-01 2 Reuter SINGAPORE'S export growth will slow down this year because of continued weak demand in the United States and European Common Market. Business Asia, a weekly report sent from Hongkong to regional managers, said the Republic will remain politically stable after the recentReuter - 219 words
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Article135 1979-03-01 2 A LEADING Australian food company has set up a joint venture with a Singapore manufacturer to produce drink powders, jelly crystals, snacks and other food products for exports to West Asia, the Far East and the Pacific region. Kellogg( Australia) and Twentieth Century Foods will135 words
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Article46 1979-03-01 2 THE SINGAPORE Polytechnic's chemical process technology division will be conducting a five-session course on modern injection moulding at the Dover Road campus from May 30. The course is to upgrade the skill of working technicians involved in injection moulding, a major plastics fabrication process.46 words
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Page 2 Advertisements
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Advertisement115 1979-03-01 2 THE-J ERCtSE zTiTiTZ' Strip to your underwear and stand facing a full length mirror. Do you like what you see? Okay, now stand sideways. Still look goodPj If you want every inch of your body to look and feel its best, here's the book that shows you how clearly, simply,115 words
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Page 2 Miscellaneous
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Miscellaneous565 1979-03-01 2 TWO-IH-L_ t t 10 14 13 19 22 23 20 24 26 27 28 29 30 CRYPTIC CLUES ACROSS 1 An expert witticism (5) 6 A bit of a bloomer (5) 9 It may help maintain the balance (7) 10 As found in a colourful box? (5) 11 Is dark,565 words
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REGIONAL
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343 1979-03-01 3 THE Malaysian government has allowed contractors to purchase steel from abroad as a short-term measure to beat the shortage, said the Parliamentary Secretary to the Malaysian Ministry of Trade and Industry, Encik Abu Hassan bin Haji Omar. Speaking at a dialogue with343 words
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239 1979-03-01 3 THE executive board of the Asean Insurance Council has been asked to pave the way for the setting up of the reinsurance cooperation scheme agreed to at the the council meeting in Kuala Lumpur recently. The decision to go ahead with the establishment of the239 words
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150 1979-03-01 3 AFP THAILAND expects a trade deficit of 38.79 billion baht (SJ4 billion) this year, an increase of 33 per cent on the 29.07 billion baht deficit of last year. A government report said the balance of payments deficit this year is expected to be considerablyAFP - 150 words
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634 1979-03-01 3 Reuter HONGKONG'S total export growth is expected to slow to 8 per cent in 1979 from around 14 per cent in 1978. In the budget speech yesterday, Financial Secretary Philip Haddon-Cave said this reflects an anticipated slowdown in export growth to the USReuter - 634 words
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90 1979-03-01 3 Reuter A BILL WILL BE introduced to bring about unification of Hongkong's four stock exchanges, Financial Secretary Philip Haddon-Cave said. In his budget speech (or 1979/89 beginning April 1, he said for some time the government policy favoured a unification of the exchanges,Reuter - 90 words
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410 1979-03-01 3 SOUTH Korea intends to buy timber directly from Sabah, the Korean DirectorGeneral of Forestry, Mr Chang n Hoon. said. This would do away with Japanese middlemen in the timber trade between Sabah and South korea, he said. Mr Chang, who is leading a timber410 words
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Article121 1979-03-01 3 A PLAN for industrial cooperation will be among the issues discussed at the Commonwealth ministerial meeting on industrial cooperation beginning tomorrow in Bangalore. India. Another area to be discussed will be international action to facilitate industrial cooperation and accelerate industrialisation in developing countries. Deputy Malaysian Trade121 words
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126 1979-03-01 3 AFP MALAYSIAN auunfteluers wlm tit tin experten will frem May be able to make ue W a preshlpmeat facility to 0■»fe the expert at certaia maanfactored geeds. Bank Negara Malaysia said the facility, avaUahle tbraagb eemmereial baaks, will laitially caver the textile, feed aadAFP - 126 words
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Article44 1979-03-01 3 UPI THE Philippine government announced on Tuesday a plan to raise one billion pesos (Ss2B9 million) to finance an intensified search for oil and other energy sources. The plan is designed to cushion the effects of new oil price increases by Opec.UPI - 44 words
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Article, Illustration453 1979-03-01 3 DEAL FOR LDCs I ALTHOUGH Malaysia is only a small oil-producing l country by world standards. I it should try its best to con- tribute towards a new international economic order. Describing it as a new deal for less developed countries453 words
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Article107 1979-03-01 3 AFP PRESIDENT SUHARTO of Indonesia yesterday held talks with the manager of the state-owned Garuda Airline, Mr Wiweko, on the planned increase of air fares following the rupiah devaluation. The airline has asked for government approval to raise the fares by 25 per cent, but it wasAFP - 107 words
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Page 3 Advertisements
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Advertisement539 1979-03-01 3 IPS orely three years ogo, we begon operations with a staff of three occupying o small half-floor office ot Jolan Bandar, Kuala Lumpur a modest start to what is today the largest wholesale bank in Malaysia as confirmed by o 1977 annual survey of the merchant banks in this country539 words
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RAW MATERIALS
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773 1979-03-01 4 Agencies. MAJOR copper producing and importing countries resumed efforts to reconcile differences over the setting up of an inter-governmental body to monitor the world copper market. The producers Third World countries such as Peru, Zaire and Indonesia want the monitoring body to beAgencies. - 773 words
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Article405 1979-03-01 4 MBT. SARAWAK earned M 5108.27 million from pepper exports in the first nine months of last year, according to the November issue of the Pepper Market Bulletin. The total amount of the commodity exported increased by 3,464 tonnes to 25,061 tonnes during the period while the valueMBT. - 405 words
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Article326 1979-03-01 4 OPENING prices in Singapore yesterday were marked down 2.50 cents in line with lower London advices The market then fluctuated uncertainly before easing further towards the morning close on stale bull releases and a lack of buying interest. Turnover was fair. The morning market was easier with March One326 words
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Article457 1979-03-01 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kUo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f o b 253 50 254 50N ***** 252 OON Int 1 R.S.S. March 254.75 255.25 251.75 252 25 Int. 1 R.S.S. April 256.25 256 75 253 25457 words
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Article124 1979-03-01 4 NOON SSK and SMR pruf* \e*terria\ HAS March April tCurrent Mlhl (For ward Mlh) Buyer* Sellera Buyer* Sellera SSK 2o ll l« pallet i '.'4400 246 OON 245 00 247 OON SSK ."I" 11 -l**i pallet i 24I.0B 24.1.UON 242.00 244 OON MRF.LB SMH (V II l«l124 words
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Article71 1979-03-01 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated LONDON: Tues Previous Malaysian 5Hffa bulk per tonne April 699slr 720slr Sumatra 5% ffa bulk February unch 725pd March unch 722' /720pd April TOOpd 712'.pd May 092 pd 710slr June unch TOOsIr July unch 685/692' pd71 words
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Article341 1979-03-01 4 PRODUCE dealers in Singapore yesterday experienced another dull period of trading. Despite the recent mark-down in prices, traders here were still finding it difficult to penetrate the foreign markets, especially the big traditional buyers in Europe and America. The truth is that local prices were still a little341 words
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Article159 1979-03-01 4 TRADING on the sugar futures market yesterday continued Tuesday's quiet trend with eight lots traded against none on Tuesday, dealers said. Nearby March 1979 delivery expired after the day's trading, while the new March 1980 contract will start trading today, they said. Sugar futures closing prices: Ctastag Prevtsas159 words
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Article197 1979-03-01 4 WHEAT futures capped a mostly featureless day by moving higher at the finish in Chicago on Tuesday. Prices closed near highs of the day with gains of 3'j to l'j US cents a bushel. The market was kept slightly ahead through most of the session by local and professional197 words
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Article299 1979-03-01 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 pel first class Kangaroo) new crop OS6. 100 pel 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 0.56 THAI RICE: 55 pet299 words
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741 1979-03-01 4 CORN is America's biggest crop and second-most actively traded commodity futures contract, after soybeans. The price of this basic feed grain has a direct impact on the cost of all foodstuffs. Five months after corn growers harvested their fourth straight record com crop741 words
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Article72 1979-03-01 4 THE STRAITS tin price in Penang yesterday fell another MSS to $1,896 per picul, to stand $196 above the International Tin Agreement ceiling. dealers said. The market continued easier on a further increase in tin metal deliveries and the weakness of the London Metal Exchange Turnover rose to72 words
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Article30 1979-03-01 4 Rubber: Feb 28 Singapore: March: 251.75 cents (down 5.75 cents) Malaysia: March 254.25 cents (down six cents) Tin: $1,895 (down $5) Official offering: 243 tonnes (up 27 tonnes)30 words
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Article191 1979-03-01 4 CHICAGO soybean futures on Tuesday closed higher after staging a final-hour rally along with CBT silver. Prices settled 9" i to 6 1 b US cents a bushel above their previous close, at the high end of the days range. The market, which held small gains through midday, began191 words
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Article197 1979-03-01 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Call— yam: China Blue Phoenix 20b 2.375 32s 2.920 40s 3.100 (per bale of 400 lbs) Pteee Kiifc: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly197 words
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Article997 1979-03-01 4 OILSEEDS: Brokers reported steady oils and oilseeds markets yesterday but said dealings were light. Support came from the steady Chicago close and news that India purchased 42,000 tonnes of soybean oil overnight and was re-tendering yesterday. Dutch soybean oil traded about one guilder above Tuesday's best rates and997 words
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Article, Illustration260 1979-03-01 4 THE chief US negetiater at the Mikpied latenutional wheat talks, Mr. Thomas Sayler, told Congress mi Monday that a side effect ef the talks enhanced cooperation among wheat exparters and importers. Alternatives ta an internatlaaai wheat agree meat will be brought np at a260 words
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Page 4 Advertisements
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Advertisement255 1979-03-01 4 (Incorporated in the Republic of Singapore) COMPANY ANNOUNCEMENT The Directors have decided to recommend a First and Final Ordinary Dividend of 12'/2% less 40% income tax on the issued ordinary capital of the Company in respect of the financial year ended 31st December 1978, subject to approval by members at255 words
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OVERSEAS
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372 1979-03-01 5 UPI. COALMINERS' union leaders moved with unexpected speed to accept a new wage pacli&ge which if their 244,tM members accept it would lift the threat of a disastrous coal industry stoppage. A 1974 strike by coalminers over pay forced a three-day week onUPI. - 372 words
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Article835 1979-03-01 5 ARRIVALS Service Local Operator Number Time From MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN KUL CPA CX710 1005 HLP RBA BI323 1030 BWN GIA GA960 1030 HLP MAS MH605 1045 KUL SIA SQ103 1045835 words
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199 1979-03-01 5 Reuter. THE GIANT American conglomerate, Internationa] Telephone and Telegraph Corporation (ITT) said on Tuesday that its subsidiary, ITT World Communications Inc., is introducing a new telex service which will allow world-wide access to major computer data bases in the United States. International Telehpone andReuter. - 199 words
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409 1979-03-01 5 UPI THE American administration has requested nearly US$3 billion (556.3 billion) in new military aid funds to finance American security commitments to allies threatened by unresolved conflicts in Asia, Africa, and the Middle East. Undersecretary of State Lucy Wilson Benson said on TuesdayUPI - 409 words
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Article, Illustration224 1979-03-01 5 THIS new medical respirator (above) has been designed by a British company to protect people working in environments containing potentially dangerous particles or microorganisms, particularly where there is a need for strict microbiological security. Air is drawn in at the base of a blower unit224 words
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403 1979-03-01 5 NYT A LONG-AWAITED report on saccharin by the US National Academy of Sciences (NAS), scheduled to be made public tomorrow, will not recommend a ban on the artificial sweetener but will seek to restrict the use of the chemical, particularly among children, according toNYT - 403 words
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177 1979-03-01 5 AP CHINA'S invasion of Vietnam will end very soon and "will not lead to World War Three", former US Secretary of State Henry Kissinger said on Tuesday. "Since 1975, there have been innumerable aggressions supported by Soviet arms, Soviet proxy troops and SovietAP - 177 words
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133 1979-03-01 5 Reuter. PRESIDENT Carter said the United States has no desire to open military bases or station American troops in Saudi Arabia. He had been asked to comment at a White House news conference on Tuesday on a report that the United States recently offeredReuter. - 133 words
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960 1979-03-01 5 NYT. THE UPHEAVAL in Iran has had a major negative impact on the US economy, from the halance-of-pay-ments deficit to the rate of inflation to the level of export sales, according to Tuesday's issue of the Morgan Guaranty Trust Company's "World financial markets Using whatNYT. - 960 words
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187 1979-03-01 5 Reuter. RUNAWAY population growth and low food production are threatening to lock much of Asia into permanent poverty, according to a senior US State Department official. "By current estimates, a food grain shortage of 60 million tonnes for an expected 1.5 billion Asians willReuter. - 187 words
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WORLD IN BRIEF
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Article596 1979-03-01 5 Agencies THE EXODUS of whites from embattled RMmU ebbed in Juury despite threats of an escalation in the six-year guerrilla w aad nncertainty under a premised black-led government in April. Travel agents say many whites, nnnerved b\ the mean ting caafliet or snwtlllag to live uder limitedAgencies - 596 words
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Page 5 Advertisements
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Advertisement92 1979-03-01 5 Earf Nightingale Lead the Field' Seminars featuring audio-visual presentation and group interaction in 12 mind-expanding sessions They will motivate you to •Achieve top-paying jobs •Spot profitable opportunities •Act on money-making ideas •Guide your own destiny With Action Prompters: simoie actions to' quick results Progress Monitors: to gauge your achievements PREVIEW92 words
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Advertisement46 1979-03-01 5 tTUVUfff (fa utto t6e Tfellcuv *PaQe4, iefone Ct to& (ate ONLY *3 \/"2> V SINGAPORE YELLOW PAGES ENTRIES CLOSE MARCH 5 SINGAPORE WHITE PAGES ENTRIES CLOSE MARCH 1 CALL: 538 144 yelfow pages BTH FLOOR. GOLDHILL PLAZA. P. O. BOX 94 NEWTON POST OFFICE. SINGAPORE 11.46 words
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531 1979-03-01 6 THE THOUSANDS OF gleeful Japanese businessmen who were so euphoric when China opened her doors have been transformed into a much more sober crowd. Billions of dollars in contracts which the Japanese had once assumed were virtually in their pockets have proved frustratingly elusive. Hopes531 words
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Article303 1979-03-01 6 CAPITAL FLOWS and interest rates have a special inter-relationship which is intrinsic to a country's balance of payments. No more so than in Singapore where the authorities have less than a year's experience in conducting their affairs within a free-flowing foreign exchange regime.303 words
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Article, Illustration1048 1979-03-01 6 Saudi Arabia and the US are beginning to suffer major differences in perception and one of the issues that hangs on the balance as a result of this development is the success of the Egyptian/Israeli peace talks. That is on the political side.NYT. - 1,048 words
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Page 6 Advertisements
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Advertisement281 1979-03-01 6 APOLLO HOTEL Havelock Road, Singaore 3 Tel: *****1 AMBASSADOR HOTEL ***** Meyer Road, Singapore 15 Tel: *****11 CENTURY PARK SHERATON Nassim Hill. Singapore 10 Tel: *****7 CHEQUERS HOTEL 418 Thomson Road. Singapore 11 Tel: *****66 COCKPIT HOTEL 6 7 Oxley Rise. Singapore 9 Tel: *****1 GREAT EASTERN HOTEL 401 Macpherson281 words
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Page 6 Miscellaneous
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Miscellaneous28 1979-03-01 6 Bristow: PianKDuiezjS \T e>€ct4 SRvD.OONCS, "VPfT IN 19)3-) R.eG»»MF^LD mtTcHGU- so E>V Tue of gull Tv-acvt tne spvtf\£G. i > ->> r^o—> iW --> c?-* U3MPO" pßce ft v JOGG>££N»P\UT P >28 words
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Miscellaneous866 1979-03-01 6 Schoolboys at Cimarron MEN, RELIVE year schaalbey-days ui thwc eadiess games af etwbiys aad ladiaas (if yea ever played tkem) taaight with Westera Featare Special, at lUßpa aa Chaaael 5. "Ambub at Clm&rrM Pass", starriag Seett Brady tad Margie Dtu, is all abaat baw a aaiea petrel aad their priseaer866 words
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Article, Illustration855 1979-03-01 7 JOHN TAN - Behind the tourist figures for Singapore there are millions of faces. JOHN TAN looks at the various segments of the market and the many benefits they bring. There is hardly a business area in town that does not reap some benefit from bustling throngs855 words
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Article776 1979-03-01 7 WE HAVE all heaid about piano players who can do wondeis on the keyboard, but have you heaid about equally gifted pianos' There seems to be one in Singapore, as this advertisement m yesterday's Classifieds indicates: "SECONDHAND BRITISH PIANO for renting /selling repairing, tuning delivering trade-in.776 words
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1011 1979-03-01 7 Quek Peck Lim - FORUM, ...with Quek Peck Lim SIyOWLY, almost impercep- tibly, we have breached our t own principles and have taken a stand which is clearly protectionists. The very principles for which we have been fighting so openly and so long in the international arena,1,011 words
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Page 7 Advertisements
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Advertisement385 1979-03-01 7 and where to entertain 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 .u\ < kiMs ifi the t »r»rnt385 words
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INTERNATIONAL STOCKS
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547 1979-03-01 8 Reuter THE 35 per cent rise in Hang Seng Bank's group profit for 1978 was roughly in line with expectations but its bonus issue and share split should be mildly bullish for currently depressed local stock markets, analysts in Hongkong said.Reuter - 547 words
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Article79 1979-03-01 8 DAVY International (Oil and Chemicals) Ltd said it received a contract worth about £5.5 million from the China National Technical Import Corp for the engineering and supply of equipment for a synthesis gas plant at Taching, China. Davy said the plant will be fed by heavy79 words
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Article76 1979-03-01 8 MITSUKOSHI, Japan"s largest department store, will open its first London branch in Regent Street on March 5 to sell British-made clothes and traditional Japanese handicrafts. The firm said the opening will coincide with the arrival in London of an official Japanese buying mission to help cut76 words
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230 1979-03-01 8 THE BOARD of directors of Sun Hung Kai Securities has announced that consolidated net profit after taxation for the year ended Dec 31, 1978, amounted to HK$6O.B million against (41.5 million in 1977. Earnings per share jump 37 per cent to 30.4 cents230 words
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Article100 1979-03-01 8 THE TENGELMANN GROUP of West Germany has completed the previously announced purchase of about 7.3 million shares, or 29 per cent, of Great Atlantic and Pacific Tea for U557,375 a piece. The company said in a statement released by TN Delaware, its US subsidiary, it also acquired options100 words
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Article249 1979-03-01 8 Record results at PerkinElmer RECORD sales and profits have been reported by the Perkia-Elmer Corporation for both the seeond quarter and six months periods of its 19J9 fiscal year. Sales for the secoad quarter eaded Jaa SI were USSI7U3 million, a 29 per eeat laerease over sales of $137.21 million249 words
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Article86 1979-03-01 8 Reuter. REVLON, a major cosmetics firm, has reported that its fourth quarter profit increased to US$3B.B million, or $1.19 a share, compared with $28.5 million, or 93 cents a share, for the corresponding year-ago period. The company, which also reported sales of $434.5 million compared withReuter. - 86 words
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Article34 1979-03-01 8 THE BURROUGHS Corporation has introduced two more computers in its new 900 series. Prices for the new systems start at US$l4O,OOO for the B 2930 and $230,000 for the B 3950.34 words
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European markets
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Article192 1979-03-01 8 FEB n Francs Actions Suisse* 288 •1 Alusutsse Br. 1310 •IS Aiusulsse (tag. Brown Bo«cri Br Mi •t 1100 -15 Ciba Geigy Br. 1240 15 Clba Ot«y P C 975 Clba Gelfy Ref Credit Suisse Br 682 -7 2300 -35 Credit Suisse Ref *38 I Elektrowatt Br. 1880 •30192 words
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Article208 1979-03-01 8 FEB 27 FU ABN 362 00 unc h Ahold 119 00 -2 Akzo 31 JO -03 AMEV 9010 -12 Am fas ***** -02 Amrot Bank 75 JO 0J STL 57 00 M 00 unch unch Bolt 6ft. 80 -07 BorsumkJ 182.00 •li Burhmann 73 70 -04 Byenkorf 88 80208 words
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Article215 1979-03-01 8 FEB 27 Dm Aef-Telefunken Akio Alii Leben Alls Vera BASF Bay H T Wbank Bay Vbank T Bayer BBC BMW 86 KB 2880 800 00 484 00 135 JO 278 00 287.50 137 JO 208 JO 227 OOB -04 413 -2 0J 0J 1J 0J 0J 1 Caaaetla Chem215 words
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Article91 1979-03-01 8 FEB r Fr» FORWARD MARKET A «f M -S Arbed 2370 .10 Aitur 982 -10 Brucui M6 34 Bru-Lamb 1800 -30 Canpar (If -6 rnrk ilO .2 De Been 218 3 ■w 2480 15 Electrobel arm 40 Gb-Inno-Bm 2570 -39 Gev IJU Hobo* JIJ0 20 Petro -30 Ryi Dutch91 words
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Article310 1979-03-01 8 FEB n Rand ♦A INDUSTRIALS A Alpha ISO unch Abercom 240 3 AE And CI 425 uqch AUir 1300 Barlows 545 unch Cf Sugar MS 10 206 unch Currle Finance 92 -3 Or Beers Ind 1S00B unch Edcon 3t0 -5 Edgars ***** -50 Ereread; 2MB Fed Volk 210 FugH310 words
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Article624 1979-03-01 8 TOKYO Source: DBS-Daiwa Securities. INVESTORS continued to remain on the sidelines owing to the current clouded investment climate caused by a possible surcharge on Japanese imports into the US. the current Sino-Viet-nam War and further price increases in oil. The market was bearish, centering on blueSource: DBS-Daiwa Securities. - 624 words
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Article255 1979-03-01 8 Source: San Hong Kai Securities. THE HONGKONG market opened sharply better yesterday following better-than-ex-pected results and bonus issue from the Hongkong Bank. The share price opened at HK519.20 (up 80 cents) and increased to $19.70 80Turnover: $108.10 million. Hang Seng index: 526.87 (+7.94). A mil Rubber Associated Hotels BowatersSource: San Hong Kai Securities. - 255 words
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Article230 1979-03-01 8 FEB 28 BahU Asia Credit 382 g Asia Film 249 2 Ayuthaya Inv And Trust Bangkok Investment 324 8 Bangkok Bank 374 2 Bangkok Drying And SUo Bangkok Insurance Bangkok Metropolitan Ban 1122 90 Bangkok Nylon Bank Of Asia Bank Of Ayudhaya Bala Berll Jucker 371 -g Carpet InterNatlonaJ230 words
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Article258 1979-03-01 8 FEB 28 Cents INDUSTRIALS A. C. I. 183 1 A. N I 175 unch A P M 129 unch Ampol Pet 78 B H P. 1065 10 Bank NSW 342 -2 Boral 238 3 Brambles 187 C B A 285 5 C. S R 350 5 Coal Allied 475258 words
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Article70 1979-03-01 8 FINANCIAL TIMES INDUSTRIALS Tuesday 479.8 Monday 468 8 Week Ago 460 3 DOW JONES AVERAGE INDUSTRIALS Tuesday 807 00 Monday 821.12 Week ago 834 55 LONDON DOLLAR PREMIUM Tuesday 91 to 91'* Monday 92 to 92 1 H.K.HANG SENG Wednesday 526 87 Tuesday 518.93 Week ago 514 9970 words
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Article146 1979-03-01 8 FEB 27 Cf Home Oil Hud Bay Min Imp Oil Inco 41'. 23'« at'.22- -V Int Prov Pipe ll 1 Int Uts 121 -W 4% InU Nickel 22v Bank Nova Scotia 24'« Kerr Add Loblaw B 12 •> 4W -K Mauey Ferg Mailagami Lake Mr Blodel 12s ->* V.146 words
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Article104 1979-03-01 8 FEB 27 Lire Anlc 44 50 25 Assoc Gen ***** 250 Baslogi 564 -11 Central*" 4702 -38 Flat 2790 -20 Finsider 197 -4.5 Gen lrr.mob 70.50 -025 IF1 Pri 2288 -9 ItaJcementl ***** 1000 ItalK&s 830 -10 Italsider 450 -10 Mafneti M Pf 5S7 -3 Marelli Ere 265.50 -4104 words
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Article1183 1979-03-01 8 I NEW YORK STOCK prices went into a steep decline on Tuesday as investors continued to ponder the economic implications at rising world oil prices The turmoil in South-east Asia and speculation that US interest rates were headed higher also added to the negative psychology on Wall1,183 words
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Page 8 Advertisements
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Advertisement147 1979-03-01 8 PENGUIN BOOKSHOP RUNNER'S Handbook m THE %UNN£RS HANDBOOK /> 4 OA V* Ik 41 L T «fc Rt/MNERS HANDBOOK =7 KUHHStS H y9 ti 9P*. \NHV DO RUNNStS MAMS BETTER /OMEKS *u/vwexs RUNNING I STIMULATES? IAItASKOSh OFHFALMN m Here at last is The Runners Handbook, a complete Fitness guide for147 words
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BANKING AND FINANCE
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966 1979-03-01 9 THERE was a sharp increase in the overall business activity of Arab-Malay-sian Development Bank in 1978. Total assets of the group doubled from $255.7 million to $510.1 million as at Dec 31, 1978. Loans rose by a similar percentage from $177.5 million to $357.2 million. Deposits,966 words
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Article107 1979-03-01 9 THE MONETARY Authority of Singapore (MAS) has sent out circulars to all banks in Singapore in an effort to find out how banks compute their prime lending rates. A spokesman for the MAS said the survey is the first to be carried out in the107 words
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316 1979-03-01 9 DISCUSSIONS in London on increasing the size of the round lot in dollar bond trading may toughten Eurobond market maker rules, Eurobond market sources said. A proposal from Salomon Brothers International Ltd will be discussed for the first time at a regional meeting of316 words
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MONEY AND EXCHANGE$
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Article486 1979-03-01 9 THE US dollar was traded higher on foreign exchange markets yesterday as it rallied against most major currencies. Opening at 202.15/25, the dollar was bought higher to 202.20 30 by lunch-time on Far East markets. London saw the dollar opening high at 202.40 50, and was subsequently traded486 words
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Article20 1979-03-01 9 THE average rate a which Singaport banks are prepared to lend t< their best customer! is 8 per cent.20 words
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Article148 1979-03-01 9 Asian rates ASIAN currency deposit interbank rates as at close on Feb 28: US Dollars(Spot) Offer Bid 7 days 10'. 10'» 1 month 9 9'. 2 months 10 7/16 10 5/16 3 months 1011/16 109/16 6 months 113/16 111/16 9 months 11 12 months 111/16 1015/16 Sw.Fr*. Dun. (Middle Price*)148 words
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Article57 1979-03-01 9 Range of priees offered by discount house* on Feb 2&: Overnight f i to 4' r Call deposits 4' r to 4' i* Closisc Buyiac Selliaf 3 month Treasury bills 4 7/10 4 5/16 3 month Bank bills 7'. 7 s 3 month CO 7'» 7'» 6 month CD57 words
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Article139 1979-03-01 9 THE US dollar for overnight delivery yesterday closed slightly firmer at 202.35 yen, compared with a 202.30 opening and 202.05 at Tuesday's close. The US currency recovered briefly to 202.40 yen in slow late trading after fluctuating narrowly initially, dealers said. Japanese traders later increased import covering, while Japanese139 words
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Article43 1979-03-01 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $20 million 91-day Treasury bills to be issued from March 5 to March 9. Each tender must not be for less than $250,000.43 words
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Article142 1979-03-01 9 THE US was little changed against major currencies yesterday in slack late trading at 1.8470/80 marks compared to an early 1.8475/85, but still below New York's 1.8500/05, dealers said. The US unit was being quoted at 1.6625/55 Swiss francs against the morning level of 1.6630/60 and New York's 1.6665/75,142 words
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Article70 1979-03-01 9 QUOTES on the Australia and New Zealand exchanges on Feb 28: AUSTRALIA US dollar 1.1307 1 1259 Sterling 0 SOU 0.5547 Ninety-day airmail buying rates: Sterling 0 5041 US dollar ***** Ninety-day forward buying rates: Sterling 0.5S75 US dollar ***** NEW ZEALAND Reserve bank mid-rate USS1.0557 Trading Bar* indications:70 words
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Article53 1979-03-01 9 FRANKFURT exchanges opening quotes on Feb 28: US 1MB 70(***** 80) Can I MS 56 Stg J.74 75 DO 92 46 S Fr 111.00 20 Ui 2. IK F Fr 43 28 30 N Kr 38 37 47 B Fr (con) < 328 238 B FT (flu > (.21153 words
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Article266 1979-03-01 9 SINGAPORE gold futures yesterday closed generally firmer after fluctuating marginally throughout in thin trading, dealers said. Turnover fell to 170 lots from 334 on Tuesday with interest centred on April, June and August contracts. April closed higher at U*****.50/254.00 an ounce compared with $251.40/80 overnight, June at $258.10/50 ($256.00/60)266 words
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Article293 1979-03-01 9 THE DOLLAR yesterday opened weaker against European currencies here, but finned later to around Tuesday night's closing levels in quiet early trading, dealers said. It opened in line with late Far East levels but dealers added that there appeared to be some position squaring and short-covering ahead of the293 words
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197 1979-03-01 9 MALAYSIA is an 'underbanked' country, and there is great scope for merchantbanking, the managing director of Arab-Malaysia Development Bank, Mr Hussein Najadi, said yesterday. "Banks here are not seeking out their clients. If banks have sufficient motivation, there is a lot of197 words
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120 1979-03-01 9 THE JAPANESE Finance Ministry is considering introducing a cash deposit system modelled on the West German "bardepot" system to control large inflows of foreign currencies into Japan. Ministry officials said the flows are in the form of foreign bank loans. A cash deposit system,120 words
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798 1979-03-01 9 COLIN CHEE - By COLIN CHEE RISES in the prime rate are expected in the next few months following the recent round of increases by both local and foreign banks. Bankers here said domestic interbank deposit rates have yet to peak. As these have a798 words
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Article, Illustration443 1979-03-01 9 China has already began discussions with members of the World Bank on Joining the international body. It has also indicated interest in joining the IMF and the ADB bat all these plans depend on whether the Chinese are willing to difclose information on their economy, and443 words
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176 1979-03-01 9 SOME Japanese long-term interest rates are expected to be changed around March 7 when the Japanese national budget for fiscal 1978 is likely to pass the Lower House of the Diet (Parliament). Disclosing this the Underwriters Association said upward-revision of the issue terms176 words
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136 1979-03-01 9 UPI. AN INTERNATIONAL banking consortium has agreed to lower interest and extend the repayment period of a USJ7S million (about Ssl6s million) loan to the Philippine Central Bank, its managing bank said on Tuesday. The Bank of Tokyo said the 32-member consortium has signedUPI. - 136 words
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Article65 1979-03-01 9 JAPAN will lend up to USI9OO million Special Drawing Rights to the Internationa] Monetary Fund (IMF) on the establishment of the supplementary financing system by the world monetary agency,. The Japanese Finance Ministry has announced that the system which took effect last Friday is aimed at extending65 words
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Page 9 Advertisements
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Advertisement250 1979-03-01 9 dNCORPORATEP *M THE REPUBLIC OF SINGAPORE I ANNOUNCEMENT TO ALL SHAREHOLDERS SUBJECT: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER, 1978 The Board of Directors is pleased to announce the audited results of the Company and its subsidiary company for the year ended 31 December, 1978 as follows:Year ended 31.12.78250 words
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Article1154 1979-03-01 10 111 Singapore BID and offer prices officially ilsted and business In and »eported to the Stock Exchange •f Singapore yesterday with the umber of shares traded shown tn brackets in lots of 1,000 units Sinless otherwise specified. All Time Settlement Contracts are quoted1,154 words
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Article148 1979-03-01 10 SINGAPORE UNIT TK18T INCOME BOND UNIT (Mtatpn' prin hr Ma rl) (Can-eat pel ICM) The Commerce 2.10 2.23 Income Bond 1.14 1.20 The Saving Fund 123 1.30xd S'pore Prog Fund 092 0.97 S pore Sec. Fund S'pore Invest Fund 1.71 119 1.81 1.X MARA RUmrtriBA FUND I i148 words
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Article2556 1979-03-01 10 1978/79 High Low Company Last Sale orGr*« Div Div C'vr Gr"» Y'ld Net P/E Vol ('000) Day High Low SECTION ONE INDUSTRIALS 272 190' 178 219 275 111 198 326 245 440* 132 123* 107 133 195* 59 108* 173* 140* 170* Acma Alcom Allied Choc BAT2,556 words
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Article387 1979-03-01 10 4 1/2% 1/8/80 (290.000) (***** 99 SOS) 4 3/4* 15/9 80 (250.000) (***** 99.758) 5% 15/4/81 (250.000) (99 858 99.755) ft 1/1% 1/ft/79-81 (250.000) (100.558 100 655) ft% T F 1 5/83 (250.000) (100.108 100-206) 5% 13/11/84 250.000) (100.008 100 05S) 7% 15/4/85 (250.000) (1008 SB 100 955)387 words
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Article89 1979-03-01 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. C*M SUre (March $1.80) (0.348 0.405). Hame F E (March $1.45) (0.288 0.335). ltrkcapf89 words
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Article1408 1979-03-01 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number -of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDCBTUALS AJteeaMte (2 SOB 2 755) Aleaai (1 965) (1) 1.93 A1,408 words
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Article, Illustration665 1979-03-01 10 SHARES held very steady la quiet trtdlag at the Stock Exchange of Singapore yesterday. Dabblers aad la vectors appeared to be slowly regaiiilng cenfideaee after tbe reeeat tide at selliag sahsMed. The stale-ball ll<aldattoa against tbe aid settlemeat aeeaaat wbleb same brakers said weald665 words
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469 1979-03-01 10 THE CAUTIOUSLY steady trend in the Kuala Lumpur stock market was further extended yesterday amid slow trading. Shares continued to attract light buying interest, particularly in the first-half session, and gains were generally small with nothing much in the way of favourable developments to469 words
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COMPANY NEWS
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Article, Illustration950 1979-03-01 11 STEVEN TAN - Though margins have definitely fallen from 1977's 9.6 per cent, a cushioning effect is provided by Tan Chong's introduction of its new series of Datsun 120 Y in July last year and the 160 J earlier on which could partially absorb some950 words
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Article, Illustration758 1979-03-01 11 ANTHONY TAN - PROFIT MARGINS UNDER PRESSURE By ANTHONY TAN PROFITS at Malaysia Building Society (MBS) for the year ended Dec 31, 1978, failed to keep pace with the growth of the company's main business of making housing loans. The housing finance company chalked up a 4 per cent758 words
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Article, Illustration347 1979-03-01 11 DESPITE the optimism expressed in the last chairman's statement, Singapura Building Society's (SBS) earnings continued to stagnate during its first six months to end-December, 1978. Part of the problem is of course the very competitive nature of the housing loans market, which had experienced a slowdown for347 words
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Article58 1979-03-01 11 Ve* HUp Seng: AGM to be held at 11th Floor, Shing Kwan House, Shenton Way, Singapore at noon tomorrow. CMMUdated H*tels Ltd: AGM to be held at 5th Floor, Peninsula Hotel, on Mar 16. UJ« Br nut ConMlldated Industrie (M) Bl»d: AGM to be held at Pinji Estate,58 words
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Article325 1979-03-01 11 waa by HOCK LOCK SIEW SUCCESS can have Its own ptanHiis. on price control la Malaysia and the Aad this is especially so for companies spectre of a constricted market la SlngawMeh are eagaged la activities where aa pore. elemeat of eoatral is coasidered to heoby HOCK LOCK SIEW - 325 words
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Article82 1979-03-01 11 Unaudited group pre- tax profit for first half-year ended Dec 31, 1978 came to slightly above $4 million ($3.94 million). Turnover was $24.57 million ($22.59 million). Breakdown of year's earnings gave trading profit of $2.07 million ($2.06 million) while investment income amounted to $1.94 million ($l.BB million).82 words
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Article30 1979-03-01 11 Loss of M 5950,835 (pre-tax profit $3.17 million) for year ended Dec 31, 1978. Sales were $18.78 million ($25.88 million). Proposed final dividend of 10 cents gross (same).30 words
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50 1979-03-01 11 Audited pre-tax profit, $3.74 million ($3.55 million) for year ended Sept 30, 1978. Turnover, $16.96 million ($14.95 million). Final dividend, 14 per cent which together with interim pay-out of 21 per cent gave total of 35 per cent against adjusted 19.2 per cent declared last year.50 words
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Article73 1979-03-01 11 announced group pre-tax profit of $130,748 for year ended Dec 31, 1978. However, at net level, loss of $768,398 was incurred after provision of $100,000 for taxation and after deducting $799,146 as share issue expenses. Consolidated net tangible assets of the closed-end investment trust company at end-197873 words
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Article38 1979-03-01 11 Unaudited pre-tax profit of M 53.44 million ($1.84 million) for half-year ended Dec 31, 1978. Interim dividend of 5 per cent gross (same) will be paid on April 7 to shareholders registered on March 29.38 words
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Article345 1979-03-01 11 Current E* Books Date Total for Total for Payment Date Close Payable the year Previous year STP (1975) 12.5% Feb 13 Feb 20 Mar 2 22.5% 20%(a) Tines Pub 15% Feb 13 Feb 20 Mar 2 223% 19.6(a) YHS 19.1%<d) Feb 14 Feb 21 Mar 9 19.1% 10.0%345 words
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Article100 1979-03-01 11 Company Particulars Ex Date Books Close Sel Nut Nat Iron P. Products Toshiba Bovis SEA Bonus Issue of 2 for 3 Bonus Issue of 1 for 2 Bonus Issue of 1 for 4 Rights Issue of 3 for 2 $1.50 per share Rights Issue of 3 for 5100 words
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Page 11 Advertisements
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Advertisement113 1979-03-01 11 A PENGUIN BESTSELLER SL4 .V <• i •s IK THE MALAYAN TRILOGY This famous trilogy wittily dissects the racial and social prejudices of post-war Malay during the chaotic upheaval of Independence. Through a succession of splendidly colourful characters, Anthony Burgess delineates the conflict and confusion arising from the almost enforced113 words
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805 1979-03-01 12 COLIN CHEE - By COLIN CHEE SINGAPORE has a strong chance of becoming an important equipment supply base for Brazil's booming offshore oil exploration industry. Brazilians have been visiting the Republic in the last few months with orders, and so far the most concrete business deal805 words
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169 1979-03-01 12 LEADING natural rubber producing countries have drawn up a list of minimal, non-negotiable,require-ments for an international rubber agreement with consumer countries, producer officials said. The list was contained in a highly confidential resolution signed by heads of delegations from Malaysia, Indonesia, Thailand. Sri Lanka and169 words
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Article88 1979-03-01 12 THE FAR Eastern Freight Conference today raises its bunker adjustment factor by 3.12 per cent to 19.74 per cent. The increase reflects the recent increase in oil prices. The bunker adjustment factor is an adjustment based on a formula agreed with shippers councils and is expressed as88 words
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Article349 1979-03-01 12 AP, UPI CHINA has delayed approving a US$2 billion (554.34 billion) contract with Nippon Steel Corp to build a giant steel mill near Shanghai because the country's foreign exchange reserves have dwindled. Authoritative Tokyo sources said yesterday the Chinese have also requested the $500 millionAP,; UPI - 349 words
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Article240 1979-03-01 12 PRICES have continued to rise on the world oil market. with the increases spreading outside the Organisation of Petroleum Exporting Countries(Opec) to other producers. But Saudi Arabia, Iraq and Mexico all said they planned to hold the line. Oil company sources said that Oman, a small240 words
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Article871 1979-03-01 12 LONDON, Wed. Government bonds closed below the day's highs with net gains of around two points while among generally firm leading equities, slight falls followed occasional profit-taking, dealers said. At 3.00 p.m., the Financial Times index was up 3.0 at 482.6. Market sentiment was aided by expectations of871 words
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546 1979-03-01 12 JOHN LIM - ASEAN-EEC CONFERENCE By JOHN LIM i THE THREE-DAY AseanEEC conference on industrial cooperation which ended yesterday is as successful as can be expected. While the outcome is not felt immediately, it is vital to cooperation, an objective readily shared by both sides. A546 words
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191 1979-03-01 12 UPI THE NUMBER of investments by US firms in foreign manufacturing climbed 18 per cent to 178 in 1978 from 151 in 1977. Conference Board, the US private business research organisation, said the 329 foreign investments announced in 1977 and 1978 involved 216UPI - 191 words
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Article160 1979-03-01 12 THE firs! Asean company to undertake a joint Asean industrial project can be expected to be incorporated any moment now. Philippine Economic Planning Minister Gerardo Sicat told the Asean-EEC conference on industrial cooperation in Jakarta "the draft joint venture agreement on the project has been approved. Accordingly, the incorporation160 words
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455 1979-03-01 12 A STRONG surge in export earnings of major commodities towards the end of the year, helped Peninsular Malaysia to record a slightly higher trade surplus in 1978. According to latest figures released by the Statistics Department, the trade surplus last year totalled Msl.s billion as455 words
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339 1979-03-01 12 THE HONGKONG aad a—jM >>«Mn Carpmtlea yesterday rtvetM a •ft af aetatUlatlag renin •Id tin m«4f t bNu lane af ama tor twe. Immediately am the releaae at this aaaeaacemeat, at the start at tradlag la the Calaay, the Haagkeag market reacted (avaaraMy with339 words
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216 1979-03-01 12 TOP Asean and EEC businessmen and economic officials have decided to set up a coordinating board to facilitate transactions between the two groups. Asean representatives submitted to their European counterparts 192 projects under eight major sectors for possible development. The sectors include chemicals,216 words
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Page 12 Advertisements
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Advertisement361 1979-03-01 12 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 the market. Home-hunters are especially catered for in the new LEISURE TIMES supplement that comes with Business Times every Saturday morning. If you are361 words
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Page 12 Miscellaneous
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Miscellaneous56 1979-03-01 12 sWEATHER? Outlook for Singapore from 6 a.m. to noon today: No rain. Report for 24 prior to 7.3t p.m. on Feb.2B at the airport. Maximum temperature 32.7 Associated humidity 49 Minimum temperature 23.3 Associated humidity Hours of sunshine 10.15 Rainfall in millimetres Nil Total rainfall for the month 97.5 Total56 words
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SHIPPING TIMES
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PORTSIDES
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Article115 1979-03-01 13 Reuter THE volume of tonnage in the world shipbuilding order book fell by 2,264,951 tonnes gross to 25,858,625 tonnes gross during the fourth quarter of 1978, the lowest figure since June 1965 when 25,519,010 tonnes gross was recorded, according to Lloyd's Register Shipbuilding Returns. There were 1,889Reuter - 115 words
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Article71 1979-03-01 13 AFP THREE European consortia have offered US$lOO million (Ss2lo million) to finance the Philippine shipping and shipbuilding industries, reports said yesterday. The Daily Express said the unidentified consortia will funnel the funds through the Investment Underwriting Corp. of Philippines (lUCP). lUCP president Mr Antonio P. Gatmaitan «aidAFP - 71 words
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Article67 1979-03-01 13 UPI AN explosion ripped through a merchant ship off the North Carolina coast on Tuesday, leaving one of the 40 crewmen missing. The blaze aboard the bulk carrier St. Chris was brought under control. The'coast guard said the El Paso Southern, a liquified natural gas tanker that wasUPI - 67 words
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Article578 1979-03-01 13 RAHIM KASSIM - By RAHIM KASSIM JURONG Shipyard's officials were all smiles yesterday when Mr Adil Nurimba, president and director of Gesuri Lloyd, hintedthat his company may place more orders with the yard in the future. Mr Adil, who took delivery of the last of three multi-purpose vessels578 words
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Article159 1979-03-01 13 UPI THE sprlag aatlaak brightened whoa the April leader IVntepUi leeand the tf feats firmer rate sf USSIS.M <Ss») (PIO) M per eeat ttjm taaaea I S Gall grata shipment to Japaa. Farther evMeaee sf fatare rate health was caataiaed ia the MarehAprll flxtare sf a JapaneseUPI - 159 words
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Article536 1979-03-01 13 AFP THERE was a sharp improvement In grain rates on the freight market last week, owing to a shortage of large tonnage in the Atlantic area. The higher cost of bunkering also had an effect. After another quiet start to the week, following the closureAFP - 536 words
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4280 1979-03-01 17 SCHEDBIE 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 of4,280 words
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Article474 1979-03-01 17 Shipping U»e (M ACS n 5 Afea IV 3 Aguila IV 2 Alltrans 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 Banner V 2 Batam n474 words
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Article979 1979-03-01 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 tne Authority's premises during the979 words
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Article897 1979-03-01 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 (CN AN)—Unipacific. Alpac897 words
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Article698 1979-03-01 18 FAR EAST FREIGHT FREIGHT rates are being recalculated due to rapidly rising bunker prices. Owners indicate that they will have to increase rates by 10 per cent to reflect their average icnrease of 45 per cent fuel costs. Small owners without good relationships698 words
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Article590 1979-03-01 18 FT. ATTENTION HAS been focused again on safety in the busiest shipping zone in the world after the collision between a Sealink ferry and a Liberian-i egistered freighter last week. A 16-year-old London school-boy and a French seaman were killed in the accident and fourFT. - 590 words
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Article, Illustration479 1979-03-01 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Arica (1600 after Centaur) 42 43 Barge S 51 (after Fedor Petrov) 13 14 Hoegh Elan (1100 hauls) 6/ 7 Ibn Younus (after Hoegh Elan) 6 7 La Rioja (after Queen Elizabeth 2) 46 Martha Bakke (after Queen Elizabeth 2) 47 Nedlloyd479 words
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Page 13 Advertisements
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Advertisement295 1979-03-01 13 SINGAPORE BUSINESS THe B /siness Magci/ine I \K I) I\ I AN I AH Orient Overseas CmlcMieA. Line m so FULLY CONTAMERBED SERVICE FROM EUROPE (VIA SUEZ) II SEAS MUX IK KTTUNE COMM. HE* Ictcvma ru isc KPTUCfCMI IX qcvauer «oa 13E I KOREAN lACFWON IE WOK CONTMO 141 m295 words
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Advertisement305 1979-03-01 13 S9!l!§ SEALORD ANTAH n UASC UNITED ARAB SHIPPING CO (SAG) ARABIAN GULF WEEKLY SERVICE" i 1 —-i 1 Vessel JS'pore Loading for |BN YOUNUS* Gdn 6/7 Dubai (12/3), Abu Dhabi (15/3), Doha (18/3), Dammam (24/3), Kuwait (27/3), Mina Al Fahal (2/4) I BN AL ATHEER 12/3 Basrah (24/3), Muscat (27/3)305 words
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Advertisement344 1979-03-01 13 NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES I FAR-EAST/EUROPE ii'jw.jr.' t a; BED SERVICE to gg g» aII): S pore P Mm| Fstow Hairre Rdan KOREAN JNXWM SaM In Port 21 Mar 17 Mai 18 Mar HKCONTMCR* liter 9 War 2S Mar 24 War 25 Mar MERCATOft 12 Mar 13344 words
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Advertisement597 1979-03-01 13 SHOF I Kl I INF .S A Ni Pi>i p S£ ft f A AA 4 •AP A See Page IV Column 3 for sailings Agents Spore Shofuhu Agencies (S) Pte ltd Mj.lftmj *****? G«twrjl *****1 A M sia Trans Asia Corporation Sdn Bhd *?<**>• r i(UC j 1 HAW597 words
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Page 14 Advertisements
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Advertisement792 1979-03-01 14 niLT COtfTAiOBED TO Euwrt tfw, rhma iMtaaOat 19 3 21 3 11/4 ■ateilkn 26 3 ?8-3 19/4 \**Uy 6 4 7,4 26.-4 BtwMtr II 4 1/5 OH Mi— 18 4 7.5 UMESS CONVENTKMI TO BHPf Span f KitMt fm Sfcao Cm ffta Ricumn 20 3 22 3 25 3 3/5792 words
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Advertisement415 1979-03-01 14 barber blue sea Frwt US ATLAMTIC US OAF A EAST CANADA Uk I imh I It* I I—» 11/13 Iter 11/19 2 1 Mb 21/22 1 ■>27 i, 1 "1 i m\z (UC) rilj. SarpAa Sftwia Saulu Smn IMI/S i*-an Ln Mpln S*i Frocact 24-26/ 24-30 IJ-21/5 5-4/6 t r*P*ISS415 words
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Advertisement601 1979-03-01 14 ©EVERGREEN LINE o FAR EAST/RED SEA MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTOR CARGO FOR GENOA L ATTAKIA BCRUT ALEXANDRIA. BENGHAZI. TMFOIf (LIBYA) S>M 'MM I Umml l*0n» fm •Hm+mm 11M* 22 Ha »Ma 21 Ma 2 Ipr 4 Apr 5 tp. Nmm«t Apt 7te 11% 15 Apt 17601 words
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Advertisement833 1979-03-01 14 Everett Lines Barm Fm Star ftippwi C*rpn. 'BURMESE NATIONAL LINE" L(MOMS rot UMOOH HTOKTIM phashmesyamyma B F SS C Agtnts m MatoyiM TEPS MALAYSIA Port Kclong Td(3B>-7355 Peoong T«l *****/***** jg> Cwum AlfMtiM Dt Mr; "ARGENTINE NATIONAL LINE" Tram#ortaoon Mtrrttma Mmmmi S. A. "MEXICAN NATIONAL LINE" fh iisi/nnco i conuu833 words
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Advertisement835 1979-03-01 14 r mO.S.E^ OCEAN SHIPPING ENTERPRISES PTE LTD KM 102 2103 21ST F L 00R MARINA HOUSE SHF NTON WAY MISTRI ROAD SINGAPORE 2 TE L 220i;-:4 7& *****70 |Q SANKYO LINE AUSTRALIA SERVICE THEE STAR. mi turn, mi fWNCf M Part 7/1 Mai 15/16 Mar 17/11 Mar 2S/2C Mar 27/29835 words
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Page 15 Advertisements
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Advertisement740 1979-03-01 15 OCL Overseas Containers Limited SntWCE TO UR/COMTWNT: Uf vtEMw Cankgan Bay tfk«f O'mrt (raa 11% im, I*l 9May 11 Ma? 13 Mr COATAJNERSHP SERVICE FROM UK/CONTHENT IMb 4Mb IMb 24 Ma HK. tu US EiM 2Mb IMb IMB 7MB 11b -IK. KB. IU Catfa In »Mb It Mb 12 Mb740 words
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Advertisement960 1979-03-01 15 GRANARD LINE WEST BOUMD-fJUt EAST/IENTERRANEAN irwill ¥22W M MAN M V.24W. Spare Plata* Nun) Site lib MV MAN HMC V2SW 29 Apr MI WSSEIS ACCEPTBK CONTMO CARGO Otibooti Mdab P Sad Aleiiandria Bmal lattaku Pireaas Tripoti Baagtian MM P Sudan P S»d te»mdfu Bar at Lmmssol Laltaku; Pveaus/Tripok/Benfhaii/ UnM 4M»960 words
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Advertisement508 1979-03-01 15 BEN LINE CONTAINERS a BEN ASIA CONTAINER SERVICE EXPRESS CONTAMER SERVICE STRUTS/TAIWAN/WAN TO IAAMI/MPAN Sport r Kctenc Fn«t Rao Me Tokyo tak Bonrt* Ac* 1804 6/3 3/3 5/3 11/3 16/3 11/3 toko* Mam 4803 9/3 6/3 1/3 17/3 23/3 25/3 Benny Trader 2804 13/3 IC/3 22/3 27/3 29/3 Ckppe. Act508 words
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Advertisement460 1979-03-01 15 Scan Dutch V WEEKLY EXPRESS CONTAINER SERVICE VI M IVI 17/1 M/I m. i n/i WW 7/4 Mi M/ 4 It- S pwt 1) IMb I) Mm 1) lto| 4) te| ivi an wi i/« v« 2VI V« 1/4 14/4 12/4 17/1 M/ 4 IV4 17/4 tV4 1/4 17/4 22/4460 words
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Advertisement447 1979-03-01 15 GUTHRIE BOUSTEAD AGENCIES THE BANK LINE LTD. LOADS FOR E. 0 S. AFRICA m ilmw L $|M 27/31 M» P Mang 1/4 Apr FROM (AST 4 SOU™ AFMCA ft* BANGKOK. MMKA I Paa* p UH| hW/4*r ffM VJMa r—h f<*i s i/iam LVKES ORIENT SINGAPORE *****4 PT K f LA447 words
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Page 16 Advertisements
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Advertisement979 1979-03-01 16 r Kline KAWASAKI KISEN KAISHA. LTD. TO EUROPE Spore P Ketang I Havre Rdam U55 In Port W Mar 18 Mar 8 Mar 9 Mai 2* Mai ft Mai 12 Mar 13 Mar 29 Ma. 30 Mar 17 Mar 18 Mar 3 Apr 4 Apr 23 Mar 24 Mar 9979 words
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Advertisement871 1979-03-01 16 U.S.A./EAST CANADA SERVICE accept* Fa/La contmbb from raws. p. ieljwg. stck Lu«* Iw. NEW TQM. NORFOU Penang BF Ua| j«c»»i E.C./CREAT LAKES SERVICE LOAOMG FOR NEW TOM. NORFOLK. BALTBWE. PMLAOEIftM. MONTREAL. TOMMTO Btfirai P fctanf SMfsport 5.0. mCRT (MBA SCO 17/11 Mb 14/11 Ma 11/14 MB H/Ulh CALIFORNIA/PACIFIC NORTH WEST871 words
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Advertisement437 1979-03-01 16 r :c IH iroii|i SINGAPORE SHIPPING AGENCIES PTE LTD H AfiSHrP .S/\(, 1/YW/ AS/ I WIS //V f ENGELS NORDMAUSE* POTSOAM MIDDLE EAST REGULAR LINER A SAFE WAV TO SHIP BY SSA RCL Regional Container Lines MEEKLY CONT/UNER SERVICES TO/FROM BANGKOK DSR-LIIMES FIST SarCORTMO SOWCt Spore P Want Ptnant R'daa437 words
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Advertisement629 1979-03-01 16 K*H MALAYSIA* HnttNATtOHAI SHtPMNC CORPORATION BffiHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA Atso Adept— For 1) Bwcetana O<oa 2) Aaslerda* Antwerp I Havre Bdbao Bute l*' 3) Bremen BiwwMiw Aarttus Copertiacen. Hchmki 4) Matmo Stock*#* (Mo *Accep«n| Urope carfo tot Mtr M S pore EAST BOUP: too Atctctwe From 1)629 words
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Advertisement706 1979-03-01 16 INTRASEA (PTE) LTD Faber House 234E Ochard Road Singapore 9 Telephone *****11 *****57 IMb Mki Aott*r»air- A/iump l» •nun <nt) in man aoomc zami fa MK 4 IMSMC 448(44 M 742. imn •to onus mm mm mm. nisi/2 Kansai Line FORMER V 30 STRAITS/AUSTRALIA SERVICE Singapore P Ketang Liiin Mr:706 words
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Page 17 Advertisements
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Advertisement226 1979-03-01 17 Seatrain Paci f <c Services S A t Full Container Service to USA VSI STOK MOTHEKVSI M OAK U GULF E/C J *o«*wßajr 8/3 Seitrw *'3 13/3 31/3 2J/3 J/4 10/4 Honjkonj Upeess 13/3 Seitrwi ;sr£"~ I. 1 1 r,"„ m"• Full Container Service from USA '"wll cLor4 fC Guf226 words
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Advertisement228 1979-03-01 17 BIENLEY CO., (PTE) LTD 8, Tetok Ayer Street. Singapore 1. TEL: *****5/9 Afeiit SOUTHSC A PWIGHItRS lID REGULAR SERVICE FROM SMGAPOM COBARGO 24 Mir (Accepting Cargo tor Wewak via Madang) LOADING FOR P Moresby Lae Madang Kimbe Rabaul Kieta'Honiara HIGH WATER NAVIGATION Independent service to CHTTAGONG Spat P KtOnj Pmmj228 words
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Advertisement59 1979-03-01 17 lEMIW DONG SI K LINE M.V. DONG KHANG VOV. 2/79 arrived 25.2.79 Al PSA Godown 4041 General survey on damaged cargo discharged ex the above vessel will be held on Tuesday 6th Marrh 197 V. as from 900 am to 1200 noon No further survey will be held after this59 words
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