The Business Times, 8 March 1979

Microfilm: NL10060
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 141/1/7J THURSDAY, MARCH 8,1171 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Budget debate
      47 1 SEVEN days have been set aside for Parliament to debate the proposed budget for fiscal 1979-80. The Clerk of Parliament yesterday announced that debate in the House will start on Thursday, March 15, and will continue through Friday and the whole of the following week.
      47 words
    • Article
      Lock icon Final Tokyo Round
      58 1 UPI GENEVA, Wed. The European Community's chief negotiator at the Tokyo Round trade talks said today he expects final agreement next month on a package deal of trade liberalisation measures. Mr Pual Luyten cautioned, however, that not everyone will be totally satisfied with the results and the
      UPI  -  58 words
    • Article
      Lock icon Laos' accusation
      55 1 AP BANGKOK, Wed. Laos today accused China of moving many regular army divisions to its border and smuggling commandos and spies into the country to incite disturbance. The official Laotian news agency KPL, said the government and the people's Supreme Council held an emergency meeting yesterday to deal
      AP  -  55 words
    • Article
      Lock icon Gold price swing
      57 1 AFP LONDON, Wed. Gold rose by U553.75 in early trading to $242,875 an ounce but it later fell back to $242,125. Dealers said the rise responded to one in New York and they also reported strong demand from Hongkong. The dollar dipped to 1.8557 marks from 1.858
      AFP  -  57 words
    • Article
      Lock icon Lebanon's stocks
      58 1 AP BEIRUT, Wed. Lebanon's Stock Exchange reopened today after a 13-month shutdown. The closure resulted from the confrontation between right-wing Christian militias and Syrian occupation forces. A statement from the government said reactivating the stock market is a significant step toward restoring Lebanon's precivil war eminence as the
      AP  -  58 words
    • Article
      Lock icon KL loan issue
      54 1 Reuter KUALA LUMPUR, Wed. The Malaysian government said it is making a MJ6SO million loan issue on the domestic capital market. The loan will comprise a 6.125 per cent threeyear stock, 6.375 per cent five-year stock, a 7 per cent 10-year stock and a 15-year stock at
      Reuter  -  54 words
    • Article
      Lock icon Iraq raises prices
      61 1 AFP TOKYO, Wed. Iraq has joined other Arab oilexporting countries in increasing oil prices, announcing a 9 to 10 per cent raise, according to Japanese oil refinery sources today. The decision which the Iraqi National Oil Company said went into effect on March 1, raised the price
      AFP  -  61 words
    • Article
      Lock icon Dow Jones
      65 1 AP NEW YORK, Wed. Stock prices gained ground today amid hopes for a Middle East peace agreement. The Dow Jones average of 30 industrials rose 1.82 to 828.40 in the first half hour of sales. But analysts said a good many stock traders seemed to be wary. They
      AP  -  65 words
  • Chief Price Changes
    • Article
      SINGAPORE
      128 1 Rises Tronoh Mines 780 60 Sungei Besi 780 40 Keck Seng 212 17 Rothmans 300 15 T Harbour Setron 316 12 180 12 U A C 350 10 Tan Chong 292 7 Boustead 280 7 Intraco 202 7 High Low 372 6 O V B 350 6 Island Pen
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    • Article, Illustration
      KUALA LUMPUR
      142 1 Rises 9g Besi 800 45 Tfonoh 800 30 Castlefield 1230 20 Pecaling 740 15 Berjuntai 785 15 Rothmans 308 13 Keck Seng 212 12 Sthn Mai Tin 1190 10 CCM 490 08 Lingui 130 +07 A Amal 540 05 N.Iron 650 05 Kuchai 148 04 Falls KL-Kepong 255
      142 words
  • Article
    A $200 m plan to 'Mobilise' output
    682 1  -  HIGHER VALUE PRODUCTS By COLIN CHEE MOBIL Oil is planning a J2OO-million capital investment to upgrade its oilrefining capacity. The investment will be in the form of a vis-break-er unit that converts fuel oil into higher value-added products such as kerosene and diesel.
    682 words
  • Article
    Lock icon Iran's pumps at full speed
    262 1 AP UPI DAILY Iranian crude oil production rose by 300,000 barrels in the last 24 hours to 2 million barrels. The National Iranian Oil Company announced this yesterday as the country's biggest refining complex neared maximum capacity. NIOC has said production would peak at 3
    AP; UPI  -  262 words
  • Article
    Bonn experts find training centre feasible
    574 1  -  By JOHN LIM THE proposed German training centre in Singapore has been found feasible by West German experts who will prepare a report for detailed discussions later. An Economic Development Board (EDB) spokesman said the project, an "Institute for Production Technology," will cost $15
    574 words
  • Article
    Lock icon Is real peace at hand?
    196 1 UPI ISRAEL yesterday released details of its agreement to US proposals on the Egyptian-Israeli peace treaty and said if President Carter brings acceptable ideas from Egypt a pact can be concluded within weeks. Israeli Foreign Minister Moshe Dayan said if Egyptian President Anwar Sadat agrees
    UPI  -  196 words
  • Article
    B'desh Industry Minister to meet Lee today
    262 1 THE Baagladesh Mlabter far Industry Jamalnddln Ahmed arrived la Singapore last night for a Me day vMt. He b expected U meet the Prime Minister today. Mr. Ahmed said two Jotat-ventare proposals from Singapore have been sanctteaed aad It Is m« ■p to
    262 words
  • Article
    State returns expired leases to Berjuntai Tin
    492 1  -  By MANO SABNANI INVESTORS in Berjuntai Tin Dredging, Malaysia's largest tin-mining company, can heave a sigh of relief on the news that the company's expired leases which were taken over by the Selangor state government last year have now been returned Sources close
    492 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      26 1 Leading pros around the world wear OTJldflQmfl The greet name in Gotfwaar.Anywear. Mtabie at Pro Shops and Fine Stores aweryWhare. SEE BACK PAGE SEE BACK PAGE
      26 words
    • Advertisement
      Page 1 Advertisements Column 2
      54 1 SEE BACK PAGE THOMAS ROBERT AI*VA VS ONE STEP AN£AD the trained specialist.. y A THOMAS ROBERT BROKER .-.M l. i iM ii itj-1* !'i 1 ,<• jn ri n ,1 f ll>T\ I > -J.j ill The comprehensive spectrum of our experr/v include THOMAS-ROBERT (Si PTE LTD 250- I
      54 words
    • Advertisement
      Page 1 Advertisements Column 3
      80 1 Leader...Page < Leader...Page < SEE PAGE 5 BMioazzz: SHIPPING TIMES ITB Intensifies skill training I PEKING ku designs «n textile market 3 US confident sf fare* stability... S THE talking wall p—ters < GROWTH rate nnmber game 7 A LOOK at hsw the next r*aad •f talks will (are 7
      80 words
    • Advertisement
      Page 1 Advertisements Column 4
      88 1 ;i 11 v' See Page 11 AKAI PrOrOW€f 'RO4OO Q m t U vai St r-r-i AKAI PRO SERIES IT'S ALL SYSTEMS GO IN '79 Pro Power Akai's new family of sophisticated systems in the 100, 200,300 400 series has what it takes to keep us way ahead of our
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  • TRADE AND INDUSTRY
    • Article
      ITB accent on higher skill courses
      363 2  -  RISING DEMAND By FONG MEW LENG INDUSTRIAL and vocational training schemes in Singapore will have to concentrate on meeting the rising demand for highly-skill-ed workers because the country is now shifting its emphasis from mere industrial growth to the promotion of high-technology. These high-technology
      363 words
    • Article, Illustration
      Beck seminars for Soxal managers
      197 2 MR ANTHONY Beck of Sundridge Park Managment Centre, one of the UK's leading management training organisations, is now in Singapore. He is holding courses and seminars for managers of Soxal and its associated companies in Singapore, Malaysia and Hongkong. Soxal is a major supplier of
      197 words
    • Article, Illustration
      JURONG GOLF CLUB INVITING MEMBERS
      255 2 JURONG Country Club has re-opened its membership book for a short period to admit new entrants on transferrable membership. The new entry fee is now $10,000, $2,000 more than the sum charged when transferrable golfing membership was first introduced last April. A club statement yesterday
      255 words
    • Article
      Bankers in for two-day visit
      111 2 THE president of American Express Company, Mr. Roger Morley, and the president of American Express International Banking Corporation (AEIBC), Mr James Greene, arrive in Singapore today for a twoday visit. They will call on the managing director of the Monetary Authority of Singapore, Mr. Michael
      111 words
    • Article
      NTUC new appointment
      49 2 THE CENTRAL committee of the National Trades Union Congress has unanimously endorsed the appointment of Mr Lim Chee Onn as a deputy secretary general of the union. Mr Lim, who is already chairman of the NTUC's industrial affairs council, will be in charge of industrial relations.
      49 words
    • Article
      Local companies need more market research
      192 2 THERE is a real need for local companies to employ more market research to enable them to use their resources more effectively. Top management in companies here should also study the latest marketing trends in developed countries when mapping out new market strategies to
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    • Article
      MEMO PAD
      439 2 COURSES AND TALKS Feb 5-Apr 14: Diploma in Life Insurance, SITC, SITC Mar 1-31: International Labour Organisation residential course, RELC, ILO of Singapore. March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development Mar 5-23: Port Administration and Operation Course, PSA Conference Hall, PSA Mar
      439 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      832 2 UDA MERCHANT RANKERS BERIIA1) nth bx» lUuhhnii lala/i '{aid pan <lmhiluiidli il in Ifaldifsiai hd/dfi. A mild l.nrnpui I'M. Hn\ _>tOu I, lO.ti v'Vs a m s i.sjfijf r> fj„, IJ C! fin< >/. a hi,. flt \A. A iittfu ANNUAL STATEMENT OF ACCOUNTS, 1978 urn/mi. /(l< x: \1 t
      832 words
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  • REGIONAL
    • Article
      Lock icon Chinese designs on overseas textile markets
      452 3 AFP CHINA plans to make more quality textiles in new designs this year to meet growing domestic needs and to compete in overseas markets. The plan, which also aims to increase the output of cotton yam and cloth, woollen fabrics, silks and chemical fibres,
      AFP  -  452 words
    • Article
      Lock icon Peking calls off talks on cement plants
      628 3 Reuter PEKING has suspended talks with three Japanese firms on importing three cement manufacturing plants worth a total of 100 billion yen (about Ssl.l billion), Tokyo industry sources said yesterday, v The negotiations with Mitsubishi Heavy Industries, Ishikawa jima-Harima Heavy Industries and Kawasaki
      Reuter  -  628 words
    • Article
      Lock icon Waste not technology
      267 3 AFP VHAT IS claimed to be a revolutionary system for recycling the ever-growing piles of garbage has been developed by a Japanese jj>vernment institute. »The new system, deand named "Stardust 80" by the Industrial Stience and Technology Ag4fccy. can process at normal temperature garbage into cfcmpost for
      AFP  -  267 words
    • Article, Illustration
      A great scorer, this display board
      325 3 ONE OF the largest electronic scoreboards in Hongkong was installed recently with a special demonstration of its varied uses at the new Wanchai Reclamation Recreation Centre. Designed and produced by Longines Electronic Timing, a division of the watch-mak-ing firm, Longines of SalntImier, Switzerland, the
      325 words
    • Article
      KL outlines the ideal transfer of technology
      451 3 MALAYSIA has called on developed countries to ensure appropriate technology is transferred to developing countries at reasonable cost. Malaysian Deputy Trade and Industry Minister Datuk Lew Sip Hon told the Commonwealth ministers of industry meeting in Bangalore, India that developed countries can do
      451 words
    • Article
      Lock icon TOWARDS SAFER TOYS
      65 3 AFP REPRESENTATIVES of international toy manufacturers' associations have agreed at a meeting in Hongkong on voluntary safety standards for the manufacture of toys relating to mechanical and physical properties, flamraability and toxicity. An announcement from the International Committee of Toy Industries said the cloeed-doar meeting was attended
      AFP  -  65 words
    • Article
      Lock icon FIRMS MAY MOVE TO ASEAN
      131 3 AP JAPANESE medium aid «mdi scale hivtriM may have to relocate some of their tectorles la Aaeaa countries because of rising production easts and recessionary treads In Japan. The manager si the JapanMalaysia Industrial and Technical Consulting Bnrean in Koala Lumpnr, Mr Yoshlyuki Mamtani, said
      AP  -  131 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      319 3 If* •> a V. 4 VA USk m K > y fZ" U *%J y JU if •x. >' w. ft I fr r K (5? 2 J* ♦< > M 2* f n a << l<l# 9 ifrf* r J? R < m 7m K 9 r r i
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      674 3 S CRYPTtC PUZZLE ACROSS 4 It's good for you, but bad for the car (6) J Completely rely on some dentist (8) 8 She's unaffected by a set back (4) W Colour of father's telephone (6) It Liverpudlian yet partly Scottish river (6) lj Wat's turned to marble! < 3
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  • RAW MATERIALS
    • Article
      Produce exchange
      321 4 TRADING was dull and featureless on all fronts at the Singapore produce market yesterday. The firmer trend in the overnight London market failed to stimulate any interest in coffee, the prices of which closed unchanged all round. Dealers reported very small quantities of the commodity sold to local
      321 words
    • Article
      Wheat
      169 4 NEARBY wheat futures managed to climb higher in afternoon trade only to slide lower again at the close in Chicago on Tuesday. Led by the spot March, nearbys lost 4 1 US cents to one cent a bushel while prices elsewhere gained l'« to 2 1 2 cents. The
      169 words
    • Article
      RUBBER
      327 4 OPENING quotations in Singapore yesterday were marked down following continued London easiness and reports of Vietnam's willingness to hold immediate talks with China provided Chinese troops withdraw from its territory. The market thereafter fluctuated narrowly in uncertain trading and some last minute covering of March narrowed the discount to
      327 words
    • Article
      RAS PRICES
      373 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 245.00 246 DON 245 00 246.OON Int. 1 R.S.S. March 245.50 246 00 245 50 246.00 Int. 1 R.S.S. April 246.50 247.00 246 00 246.50 Int. 2
      373 words
    • Article
      SSR and SMR
      107 4 NOON SSR ami SMR prim veftlerdav: R AS March April (Current Nib) (For sard N(kl SSN 3» Buyer* Sellers Buyers Sellers ll ton pallet) 242.50N 241.50 *****N SSN II-It'll pallet! 2:17.Mi SAM 238.50 240.SON \1HUB April May SMR l'\ if ton pallet I 25:1.30 255.50N '254.00 256.00N
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    • Article
      Palm oil
      71 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Malaysian 5%ffa bulk per tonne April Sumatra 5% ffa bulk March April May June July Nigeria 5% ffa bulk stg ROTTERDAM: Sumatra Max S March ZaimBelg francs per kilo) Tues Previous 670slr 660sIr 705/710pd 700/897
      71 words
    • Article
      Closing prices
      30 4 Rubber: March 7 Singapore: March: 245.50 cents (down 2.25 cents Malaysia: April 249.75 cents (down 2.50 cents) Tin: $1,933 (up $28) Official offering: 150 tonnes (down 50 tonnes)
      30 words
    • Article
      Hongkong Comex
      157 4 TRADING on the sugar futures market yesterday remained quiet throughout the day with no trades registered against two lots on Tuesday, dealers said. May closed at 8.60/67 US cents against Tuesday's 8.50/55 close with the distant March at 9.95/10.05 against 9.90/10.00 cents. Sugar futures closing prices: CMag May
      157 words
    • Article
      Textiles
      194 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot «-godown) CiHw yara: China Blue Phoenix 20a 2.370; 32s 2.910; 40b 3.100 (per bale of 400 lbs). Piece gMda: China Butterfly and Globe brand unq. Dragon Head unq; Five Lamb* unq; Flower and Butterfly
      194 words
    • Article
      LONDON MARKETS
      869 4 OILSEEDS: Brokers yesterday reported generally quieter frade for oils and oilseeds initially and, by midday, some items were marked under opening levels. India rejected soybean oil and rapeseed oil offers against its overnight import tender and would not retender yesterday, brokers said. This had some bear influence on
      869 words
    • Article
      Lock icon ANRPC will go ahead warning
      238 4 FT MEMBERS of the Association of Natural Rubber Producing Countries (ANRPC) have warned that they will consider implementing their own buffer stock and supply control scheme if the next session of Unctad talks on a new world pact in Geneva does not bear fruit. Representatives
      FT  -  238 words
    • Article
      Lock icon CFTC delays decision till March 13
      92 4 Reuter THE COMMODITY Futures Trading Commission said it postponed until March 13 its consideration of the Chicago Mercantile Exchange's proposed four-year treasury note contract. Commissioner Read Dunn requested the one-week delay to allow time for the office of the general counsel to consider staff
      Reuter  -  92 words
    • Article
      Lock icon ISA's special sugar stocks
      215 4 Reuter EXTORTING members of the International Sugar Agreement accumulated 1,127,027 tonnes raw value of sugar as special stocks by the end of last year, an International Sugar Organisation spokesman said. Under the agreement, exporters were obliged to build up in 1978 at least one million tonnes,
      Reuter  -  215 words
    • Article
      Straits tin
      57 4 THE STRAITS tin price in Penang yesterday rose MJ2B to $1,933 per picul, $233 ringgit above the International Tin Agreement ceiling. Volume of tin metal delivered by miners, dropped to 150 tonnes from 200 tonnes. Strong buying support from all sources aided the rise, dealers said. There was
      57 words
    • Article
      Rice
      300 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 pet first class (Kangaroo) new crop 0 95, 100 pet second class 0 J5. 100 pet third class 0.83. 25 pet new crop no stock. B-10 pet 0.15. THAI BROKEN: A-super 0 62. Special 0 56 THAI
      300 words
    • Article
      Soybean
      159 4 DESPITE a pickup in local selling near the close, Chicago soybean futures ended higher in most contracts on Tuesday. Prices gained 6V« to two US cents a bushel except in the three most distant options, which lost V« to 2'/t cents, lending firmness throughout the day was local, professional
      159 words
    • Article
      Lock icon Cotton to sprout up over 34 million hectares worldwide
      210 4 AFP THE WORLD area planted with cotton could total between 31 million and 34 million hectares in compared with 31.6 million hectares in the previous year. The US Department of Agriculture has said in a report that, on this basis, world
      AFP  -  210 words
    • Article, Illustration
      Lock icon Sour season for Spain's citrus fruits
      665 4 FT AT THE halfway mark in the season for Spanish citrus exports, when the season as a whole is customarily assessed, it is agreed that this is one of the worst for years. Just about everything that could have gone wrong has done so.
      FT  -  665 words
    • Article
      Lock icon Talks to win compensation for British beet growers
      321 4 FT TALKS AIMED at securing compensation from the British Sugar Corporation for beet growers who lost an estimated £2 million from frost damage will open in London soon. The corporation says it is prepared to consider claims from growers who fulfilled their
      FT  -  321 words
    • Article
      Lock icon HK gold imports up
      87 4 Reuter HONGKONG gold imports rose 88 per cent in 1978 to 53,589 kilos from 28,488 kilos in 1977. Census and Statistics Department figures show that the value of gold imports in 1978 also rose sharply to HKSI.64 billion from $610 million in 1977. Imports in 1970
      Reuter  -  87 words
    • Article
      Lock icon Meeting to decide on new coffee prices
      205 4 FT THE INTERNATIONAL Coffee Organisation (ICO) will meet in London for a fiveday session from April 2'td decide on action to stabilise world prices. The decision was taken at an executive board meeting called because of the recent fall in prices which took
      FT  -  205 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      156 4 mmmm i■ Why WOOD' 79 is important to you. Between July 16 and *****9, South East Asia's leading businessmen and developers in the timber industry, and the world's most established manufacturers of timber equipment will meet in Singapore for Wood '79, the first International Forestry, Timber Processing and Woodworking Exhibition
      156 words
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  • OVERSEAS
    • Article
      Lock icon Callaghan in a guessing game of survival
      483 5 Agencies BRITISH Prime Minister James Callaghan continued to keep the nation guessing about how he intends to survive ftis latest political test. He told the House of Commons on Tuesday his minority Labour government needs time for reflection before deciding what to do
      Agencies  -  483 words
    • Article
      Lock icon France must overhaul its sick industry
      204 5 AFP THE FRENCH industry is in an "alarming" condition and needs massive overhauling. "All the data we have points to the alarming character of French industry's situation," said a report by the government's Industry Committee. The report stated that piecemeal steps are no longer
      AFP  -  204 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      808 5 a RRr VALS -r- Service Local Operator Number Time From SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0645 KUL MAS MH671 .0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1030 BWN GIA GA980 1030 HLP MAS MH605 1045 KUL SIA SQ103 1045 KUL SIA
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    • Article, Illustration
      Lock icon EGYPT WON'T BUDGE
      349 5 Reuter ON THE EVE of President Carter's visit, Egyptian officials insisted yesterday that Cairo will not give way on basic issues in signing a peace treaty with Israel. One highly-placed Egyptian official said, "We hope President Carter is not bringing anything short of our demands." Another foreign
      Reuter; Source: UPI photo  -  349 words
    • Article
      Lock icon Iran blacklists crude suppliers to Israel
      278 5 UPI IRAN'S revolutionary government yesterday blacklisted foreign companies which in the past indirectly sold oil to Israel. A government spokesman in Tehran said: "We have the names of these companies and we have issued to the National Iranian Oil Company (NIOC) instructions not to
      UPI  -  278 words
    • WORLD IN BRIEF
      • Article
        Lock icon U.S. DENIES CHINA TILT
        551 5 Agencies THE US Assistant Secretary of State Richard Holbrooke denied a US "tilt" towards China in its conflict with Vietnam. He blamed the lack of movement toward diplomatic relations with the Hanoi govermment on Vietnamese actions, citing growing Vietnamese ties with the Soviet Union and the
        Agencies  -  551 words
    • Article
      Lock icon French hurdle to European Monetary System cleared
      267 5 AFP A "POLITICAL" agreement kmM m Taeaday light by Cemmea Market (arm ministers en m*oetary e«mpeaiaUry amaanta (MCAs) ikaaM make it passible far Fraace ta ailew the aew Barapeaa Meaetary System to ga Into effect ta the Kit day*, Brussels WW said after
      AFP  -  267 words
    • Article
      Lock icon US predicts calmer year for global forex
      729 5 AP Reuter THERE should be much more stability on world currency markets this year because of an expected decline in US international trade and payments deficits. American Treasury Undersecretary Anthony Solomon said on Tuesday inflation will continue to be A problem in many
      AP; Reuter  -  729 words
  • Page 5 Advertisements
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  • Article
    Knowhow transfer — German style
    422 6 Knowhow transfer German style TECHNOLOGY can find no better medium of transfer than through the human factor. The proposal by the West Germans to set up and staff an institute for production technology in Singapore is therefore most welcome. At this stage of our industrial development, we need all the
    422 words
  • Article
    Greater refinement of regional role
    271 6 NEWS that Mobil is considering further expansion of its refinery in Singapore cannot be more welcome. Coming soon after the announced plans by Singapore Petroleum Company and Shell to upgrade their production facilities, Mobil's actions promise to strengthen further the Republic's position as the refining
    271 words
  • Article, Illustration
    If wallposters could only hear as well as speak
    811 6  -  By TYE KIM KHIAT POSTER, POSTER on the wall, who's the ...of all? The question may well signal the next stage of the poster evolution in China with the local population, China watchers not excepted, shooting questions at the wall and
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  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      304 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 Macpherson
      304 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      41 6 BllStdW :PsranJLDictenS fePi. ice tm€. mpv\f4&e^ce NOT OWLNj THP>T, &JT \4e's pssvceo US lb r r >P*k£_Tv<. KM Tue Here's R swetoa or uHPcr we, LOFNMTS... &Lf\CK POLO-NOCWED Sojefvreßs LOITH U)WiTe COLlPtf CUFFS PIND P»NSTri^ ,6eu_ Borrows CRPS OFF TO SIE
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      807 6 iTiMKSRWDW 9 Take heart tonight NOT FOR the sake of rntrrtalnmeat tat talth, Down With High Blood Pressure at 7.4tpm, channel 8, may be a worthwhile Investment of your time. Quite apart from that, there's nearly nothing else to wateh'ualess your particular mania happens to be qnis shows (Rado Show
      807 words
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  • Article
    What Australia offered
    682 7 IF THE FORTHCOMING AIR TALKS IN JAKARTA ARE TO HAVE ANY HOPE OF SUCCESS THE AUSTRALIANS WILL HAVE TO OFFER A BETTER DEAL THAN THEY DID EARLIER THIS YEAR. AUSTRALIA took the international community of airline operators by surprise when it announced late last year that it
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  • Article
    OVERALL PICTURE CRUCIAL FOR AIR FARE TALKS
    1043 7  -  In common with its Asean partners Singapore has taken an iron-hard stand against Australia's protectionist measures in civil aviation. WANG LOOK KEAH analyses the Asean argument and compares the various fares that are available or have been proposed. WANG LOOK KEAH AT FIRST
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  • Article
    STRAWS IN THE WIND
    369 7 THE AGM of the Singapore Society of Accountants at the end of next month will be a dull affair. More dull than usual, for members will not be given the customary free dinner. With a deficit of $45,000 in 1977 and an estimated 115,000 shortfall last
    369 words
  • Article
    Playing the numbers game
    962 7  -  (roup Mi ...with John Tan OURS WAS 8.6, what about yours? Ten? Very good. Hope you get more next year. No, this is not part of a conversation between two men who have just become fathers. More likely, they are words spoken by two economists who
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      331 7 and where to entei c Lite up your life at Vanda Live it up at the newly renovated Vanda Bar. Styled for comfort gStosL and good cheers yrnSmrf Sing along with our Hits:' resident duet George David to your favourite request Happy Hours from 5p.m.-8p m 30% discount Singapore Jgfc
      331 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Iranian oil crisis will boost profit of Aramco firms
      789 8 NYT EXXON; 1 Standard Oil of California, Texaco and Mobil Oil are reaping a windfall from the Iranian oil crisis that could add to their appeal as long-term investments. The four companies are partners in Aramco, the concern that pumps Saudi
      NYT  -  789 words
    • Article
      Mt Lyell Mining
      88 8 UNCONSOLIDATED operating loss at Mt. Lyell Mining and Railway Co Ltd for the 28 weeks ended Jan 10 has increased to A 51.13 million from 11.04 million previously The sales revenue dropped to* $9.25 million from $11.66 million. The'profit is after deduction subsidy of $383<000 ($1.78 million),
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    • Article
      PROFIT UP AT DUNLOP (A)
      173 8 DUNLOP Australia Ltd said lis profit rise la the first half confirmed forecasts made six nrntfes age that lf»/7» wnld see aa Increased profit aad substantially higher earniag rate sa iswer issued capital after the previously reported capital return. Dualop said mest divisions performed well.
      173 words
    • Article
      Increased revenue at Lepanto
      81 8 LEPANTO Consolidated Mining Co has reported higher net 1978 profit of 61 million pesos compared with 35 million a year ago. Gross revenues increased to 386 million pesos from 262 million. Lepanto has declared a final dividend of 5 per cent cash plus one for eight
      81 words
    • Article
      Lock icon Blue chips rise in late rally
      652 8 TOKYO Source: DBS-Daiwa BLUE CHIPS such as lightelectrical and precision machinery issues and cancer-cure drug-related issues advanced sharply yesterday towards the close due to active buying by some institutional investors and short-term traders, although the morning market was relatively inactive, reflecting Tuesday's bearish mood.
      Source: DBS-Daiwa  -  652 words
    • Article
      Lock icon Hongkong
      314 8 Source: SHK Sec PRICES FELL yesterday in lacklustre trading in the absence of positive news or encouragement. With only HK -Hotels results due today to arouse interest this week, brokers generally are expecting dull sessions for the rest of the week. Rumours of a bonus issue from HK Electrics
      Source: SHK Sec  -  314 words
    • Article
      Sydney
      317 8 9 THE MARKET closed weaker yesterday after a day of flat trading, dealers said. BHP closed 15 cents down at $10.70, following steady gains over the past two weeks. Banks were easier with the Bank of NSW and the ANZ each shedding 3 cents to <3.45 and $4 45
      317 words
    • Article
      Bangkok
      239 8 THE STOCK market closed yesterday with losses and gains about equal in moderate trading, dealers said. MAR 07 Bahu Asia Credit SB SI -s ♦i Ayuthaym In? And Truat 1M Bangkok Investment Bangkok Bank Bangkok Drying And Silo Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nyton Bank Of Asia Bank
      239 words
    • Article
      Manila
      97 8 MAR 07 Pesos aco)c Mining .0106 *0.0006 AUu Con A AUa* Con. B. HJO 0J Ba«uJo Oold Ml ***** Bencuet Coo. B DP rWwi rlr hi 30-00 S3 00 0.25 or LKxtancn rw b 22.00 +M Inco B LandoU Jns6 ***** Lcpanto M *UI llarlnduquc B a-to unch 25®
      97 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Tuesday. .4862 Monday 484.6 Week Ago 460.3 DOW JONE8 AVERAGE INDUSTRIALS Tuesday 826 58 Monday 827.36 Week ago 834.55 LONDON DOLLAR PREMIUM Tuesday 80S to SI Monday 81W to 82 H.R.HANG 8ENG Wednesday 528.27 Tuesday 533.67 Week ago f 514.96 SYDNEY INDUSTRIALS Wednesday 488.66 Tuesday
      63 words
    • Article
      Stocks retreat in dull trading
      1238 8 NEW YORK SAVINGS and loan stocks were among the few bright spots in a generally dull market 00 Tuesday as prices pulled back in light trading following strong gains on Monday. Analysts said investors were waiting for further developments in the Mid-East peace and were
      1,238 words
    • Article
      Toronto
      203 8 MAR 06 Ct Ahttlhl UH Alcmn 4SH Alfoma 27* unch Bank Moot M* Bank Nova Scolla 23* BeU Trt M Beth Corp BP Can Ltd M* uneh Braaean 21* Camp Rad Lake 37* Can Imp Bk 36* uncb r*npa/- Canpac In* Pf 16* Carting OTCaefe unch Comlneo J6* unch
      203 words
    • Article
      Jo'burg
      310 8 MAR Ot 1 land INDUSTRIALS A Alpha 143 unch Abercom AE And CI 227 410 •J unch AMIC 1380 -9 Baxlovi C« Suni 520 WO -10 unch CrIA Currte Finance Dt Been Ind Ed coo I 96 1475 350 -40 unch Edfmri 4000 unch rwntdi red Vott 2» 204
      310 words
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        181 8 Ahold 122.20 0.4 Akao SO JO ♦11 amev 01 JO unch uojo 1J Amrot Bank moo -0.1 56 00 8600 •64 1 Bols 60 JO -02 161 10 0J 7X30 OJ Byenkorf 0600 0J Calve Delfl 171 JO IJ Dctl MU 110.10 -IJ Print* 160 JO 0J Fnkk mr
        181 words
      • Article
        Brussels
        73 8 FORWARD MA IRKET MS uneh Artml MM Aatur 1 m MO -4 1730 636 *M MS M Oc Been m i MM *B DKtroM mm *m Gb lnno Bm OCT Hobo* flW *1 UM 10 303C 230 SMO unch Rrt Dutch 1M0 *10 Sidro W 8oc On Bdf Softna
        73 words
      • Article
        Frankfurt
        181 8 MAR D" Aaf-Tatafunkan 0010 -U Akso m«* 41 Alls Lfbrn MO 00 uncb Alls Van MOjOO 5 BAST 137 JO -II Bay H T wtaak ma I Bay Vbank MOJO -1 Bayer 117.70 -U bbc am -i bmw mm -xi cuwiii mas *i Cham Varw MM »U Coanmantank BIB
        181 words
      • Article
        Milan
        84 8 MAR M Or* •Mr w ra i-o Amoc Oen -M 6 Bastoc 1 +14 On true ■w rmakter 2*25 +30 IM ♦I Oen Imoot IFI Prt 13 -C5 ItAlBl •U -1 lt»l«Mn MacnrU M Pt M 1 Ml **r»m IK Mcdtob M mm *m r. n nm nm sjb
        84 words
      • Article
        Zurich
        127 8 NgjfHpp Alusuuw Ret Brown Bowl Br. SM UN *9 15 Ob* OelC7 Br 1MB -ft Clb* Oelcy P C m 10 CUM ottgy Rff Credit Sulne Br M4 ft Credit Sulae Ret Dektrowtu Br. »io unch Oeorfe FJKher Br mo -ft Olotoua Pc Hero Br. Hoffman L» Roche 1/10
        127 words
      • Article
        A boost for Lloyds Bank
        111 8 LLOYDS BANK'S domestic operations may be starting to contribute a larger share* of group profits now that competition has cut international lending margins to very low levels. Chairman Jeremy Morse said in the annual report that domestic business, which contributed about 56 per cent of
        111 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      185 8 Mathematics and Statistics in Penguins 1 Mathematical Carnival: Martin Gardner A piece of solid iron in the form of a doughnut is heated. Will the diameter Qf its hole get larger or smaller? Just one of the maddening but uniquely entertaining puzzles that make up Martin Gardner's latest collection. The
      185 words
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  • BANKING AND FINANCE
    • Article
      Market share of banks in M'sia may alter soon
      1377 9  -  By NOORJAHAN KARIM THE MARKET share of banks may change significantly in the next few years, the findings of a recent survey suggest. The "Consumer Banking Survey" undertaken by Survey Research Malaysia shows up strong differences in attitudes to banking among
      1,377 words
    • Article
      U. Tech bars Citibank payment
      137 9 UNITED Technologies Corp obtained a restraining order in Manhattan Supreme Court barring Citibank from honouring Iranian demands for the payment of more than US$2 million (about 552.2 million) on letters of credit, court papers said. Manhattan Supreme Court Justice Louis Grossman also scheduled a hearing
      137 words
    • Article
      Lock icon Lower yields onUS Treasury bills
      303 9 Reuter AVERAGE effective yields on US Treasury bills fell to 9.364 per cent for threemonth bills and 9.415 per cent for six-month bills at the latest weekly auction. The Treasury said the rate on three-month bills fell from 9.451 per cent at the previous auction
      Reuter  -  303 words
    • Article
      Lock icon Iran ups deposits at Swiss banks
      313 9 Reuter IRANIAN deposits in Swiss banks totalled 1.03 billion francs (about SJI.3 billion) at the end of 1978, a survey carried out by the National Bank disclosed. Iranian fiduciary deposits with Swiss banks totalled 926 million francs. At the end of 1977 Iranian deposits
      Reuter  -  313 words
    • Article
      Lock icon HK BANK LOANS UP IN JANUARY
      178 9 Reuter BANK loans and advances in Hongkong rose 4.3 per cent or HK52.26 billion (about Ssl.l billion) in January to $55.08 billion, 45.2 per cent above the same 1978 period. Banking Commission figures show that this very rapid rate of growth continued the trend
      Reuter  -  178 words
    • Article
      Lock icon PIA takes loans worth US$60m to buy a jet
      91 9 Reuter LOAN agreements of US$6O million have been signed between Pakistan International Airways Corp and five international banks. The financing, guaranteed by the Islamic Republic of Pakistan, incorporates a 134.5 million floating rate credit and a $25.5 million fixed rate loan
      Reuter  -  91 words
    • MONEY AND EXCHANGES
      • Article
        Gold
        268 9 SINGAPORE gold futures yesterday closed generally firmer on some local buying interest, in moderately active trading dealers eaid. Turnover rose to 331 lots from 301 on Tuesday and interest was centred on April. June and August contracts. April closed higher at U*****.30 60 compared with $241.40 242.40 overnight, June
        268 words
      • Article
        Singapore market
        464 9 THE FOREIGN exchange market was quiet yesterday as nervousness settled on a market that was unsure which way the US dollar would head. As a result, the dollar was thinly traded against most major currencies except sterling which firmed on a more settled labour situation in Britain. Opening
        464 words
      • Article
        MLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • Article
        Treasury bill tender
        43 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $40 million 91-day Treasury bills to be issued from March 12 to March 16. Each tender must not be for less than $250,000.
        43 words
      • Article
        Asian $ rates
        141 9 Asian rates ASIAN currency deposit interbank rates as at close on March 7: 7 days 1 month 2 months 3 months 6 months 0 months 12 months US Dollar*!Spot) Offer Bid 10'. 10- 10'. 10'10 lfr. 10. 10'. 10 13/16 10 11/10 10 13/*****1/16 1 month 3 months 6 months
        141 words
      • Article
        Discount
        5 9 Source: National Discount Co
        5 words
      • Article
        Australia/NZ
        66 9 QUOTES on the Australia and New Zealand exchanges on March 7: AUSTRALIA: US dollar 1 1264 1.1216 Sterling 0 5384 0.5619 Ninety-day airmail buying rate: Sterling 0 5007 1.1655 Ninety-day forward buying rates: Sterling 0.5647 1.1343 NEW ZEALAND: Reserve Bank midrate USJ1 0543 Trading Bank indications Sterling 0.5222 0.5192
        66 words
      • Article
        Frankfurt
        56 9 FRANKFURT exchanges opening quotes on March 7: US 1 8560 (***** 75) Can 1.5600 20 Stg 3.76 77 D F1 92 60 70 S FY 110.70 90 Ut 2 203 211 F FY 43.28 38 N Kr 36 42 52 B FY (con) 6.318 328 B FY (fin) 6
        56 words
      • Article
        London
        323 9 THE DOLLAR yesterday opened mixed but weaker against the deutschemark in quiet opening trading, dealers said. They said the mark gained strength from speculation that the European Monetary System currency arrangements may start up this weekend following resolution of the dispute on monetary compensatory amounts (MCA). Sterling opened firm
        323 words
      • Article
        Tokyo
        152 9 THE US dollar for overauhl-. delivery yesterday cljjfed* firmer at 204.65 yen,UM>v£' pared with 204.30 at boC the opening and at Tuesday's close. The Bank of Japan sold an estimated US$2O million to $30 million at diffeg|ffi levels between 204.50 «nd~ 204.65 yen to stem the dQar' rise, dealers
        152 words
      • Article
        Hongkong
        115 9 STERLING yesterday firmed to U552.0268 78 fr<*rt its 2.0240 50 close in New York overnight, mainly on commercial demand, dealers said. The US dollar eased narrowly to 204.35 45 yen from 204.40 50 in the US and to 1.8560 70 marks from 1.8580/ 90. The Hongkong dollar weakened marginally
        115 words
    • Article
      Lock icon World gold market hangs on events in Iran
      910 9 FT THE IRANIAN revolution and the oil squeeze were the catalysts which sent the gold price soaring to its re- cent all time high of more than US$25O. Yet even before the crisis worsened, a shortage of supplies from the two major
      FT  -  910 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      359 9 ill j miT: 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 everySaturday morning. If
      359 words
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  • Article
    DEALS DONE ON THE SES AND KLSE In Singapore
    1350 10 "BID and offer prices officially listed and business in and reported to the Slock Exchange o( Singapore yes- with t)»e number of shares Haded shown in brackets in lots of unless otherwise speci- fied Al\ Time Settlement Contracts are quoted after
    1,350 words
  • Article
    Unit trusts
    144 10 SINGAPORE UNIT TRUST INCOME ROND UNIT (MMMHCprtMbrHla *«> (CHmI pr lees) The Commerce 114 2.27 The Saving Fund 1.25 1.32xd Income Bond 1.14 1.20 S pore Prof Fund O.S 0 98 S pore Sec. Fund 1.74 185 S'pore Invest Fund 1.21 1.28 MARA RUMIPUTRA FUND (Mi—(lira* prtees >ke
    144 words
  • Article
    SHARE INFORMATION SERVICE
    2625 10 Gr*i Gr"« Net I»7»/7» Last Div Div Y'M P/E Vol Day High Low MPANY Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIALS 272 132 Acma 213 1 12. ON 1.3 5.6 211 10 214 213 190 123* Alcom 188 10.0 22 51 13.9 178 107 Allied
    2,625 words
  • Article
    Government bonds
    104 10 4 1/2% 1/8/80 (250,000) (W.30B 99 40S) 4 3/4% 15 9 80 (250.000) (99.57B W.67S) 5 1/4% 1/3/81 (250.080) (100.18B 1(0273) 5% T F 1/5/83 (250.000) (100.10B 100 20S) Twos!)' 1 84 < *****0 > dOOOOB 7% 15/4/85 (250.000) (100.85B 100 95S) 7% 1/8/85 (250.000) (100.75B 100.85S) 7
    104 words
  • Article
    In Kuala Lumpur
    1503 10 BID and otter prices officially listed and business in and r*ported 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. INDUSTRIALS Anna (1MB) (2.C08 2 70S) Aiemm (1.935) Atex M (1 18S)
    1,503 words
  • Article
    COMPANY MEETINGS Bhd:
    148 10 CiMilltUid Betels AGM to be held at 5th Floor, Peninsula Hotel, on Mar 16. Katli Lam par Kepaag BM: AGM to be held at The Malaysia Room, King's Hotel. 91 Tambun Road, Ipoh at 12 noon oo Mar 17. Uia Beaat ri-iliiilii ladastrtee (M) BM: AGM to
    148 words
  • Article, Illustration
    Trading turns sluggish as prices move sideways
    681 10 LIKE THE prevlsas day, shares generally flnlshrd arsuad sveraight levels at the SUch Exchange d Singapore yesterday. Volume was slightly reduced aad the halh sf Interest was still ts he seea sa the ready hsard. Daring the opening ses* sisa, sentiment shewed tine
    681 words
  • Article
    Market softens to close on a mixed note
    475 10 PRICES at the Kuala Lumpur Stock Exchange yesterday opened firm but softened towards the close by some light selling pressure. The market which had started off on a higher footing, rose slightly but subsequently fell back again to close mixed. Trading was
    475 words
  • LATEST RESULTS
    • Article
      HUME INDUSTRIES (FAR EAST)
      30 10 \rjw has announced unau- dited group net profit $4.44 million ($3.85 million) for «x months ended Dec 31 on sales of $74.62 million ($66 12 million).
      30 words
    • Article
      Parent company's
      39 10 net profit amounted to 13.30 million ($2.55 million) on of $8.68 million ($7.27 million). It has proposed an Interim dividend of 6 per cent groas (5 per cent), payable April 18 to shareholders registered on March 29
      39 words
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  • COMPANY NEWS
    • Article, Illustration
      Lower corporate tax lifts DBS income
      1830 11  -  By ARTHUR NG IT WAS A combination of good all round improvement from its various areas of activities plus a materially lower corporate tax charge that boosted net earnings of the Development Bank of Singapore last year. Group operating income came to $2)1 million,
      1,830 words
    • Article, Illustration
      BRIGHT OUTLOOK DESPITE POOR RESULTS
      406 11 DASHING whatever hopes its shareholders might have for better results after a much improved performance in 1976-77. preliminary figures from Consolidated Hotels for last year show a bleak picture of sharply falling profits. For the year ended Sept 30. 1978, the Singapore-based property group recorded
      406 words
    • Article
      B.M.T. PROFITS SOAR
      126 11 SINGAPORE iaearpsrated, British A Malays* Trasteea, has uHoeei a aear foarteM iatnmm ts pre-tax prsflt to $11, Ml for tin six months ended Dee. SI, WW. Tsui income for the perisd ifcwsi a M per ecat increase to ttnjm against the tlUjm netted la Ike prevtous eorrespsadiag
      126 words
    • Article
      Dunlop's profits surge in second half of 1978
      525 11 DUNLOP Estates Bhd has fulfilled its promise to shareholders in its first interim report It has staged a dramatic recovery in the second half of the year ending Dec. 31, 1978, to take pre-tax profit to a new high of $32.7 million.
      525 words
    • Article
      COMPANY BRIEFS
      253 11 PREMIUM Holdings Bhd said its subsidiary Tumbuk Estates Sdn Bhd acquired the whole capital of Yardstick Holdings Bhd from Loy Brothers (1973) Sdn Bhd for MJ5 million in cash. It said Yardstick, with an authorised capital of 14 million and paid-up capital of 11.4 millon, had a leasehold
      253 words
    • Article
      Lock icon An amicable settlement
      280 11 imwa HOCK LOCK SIEW NEWS THAT Berjaatai Tin las Mine to a settlement with the Seiaagar stole authorities on new ventures and a renewal of its aid mining leases is goad news far sharebalders. The qnestlea is: daes it herald a change in the state goverameat's attitude
      HOCK LOCK SIEW  -  280 words
    • Article
      DIVIDENDS ANNOUNCED
      390 11 Current Ex Books Date Total for Tot«l fnr Payment Date Close Payable the year Previous year' YHS YHS <M) Wilkinson B Kawat Sel Nut T Cement T Cement Pref L'lu Benut Auat Amal SP Textile Robinson M U Ind K Sidim Benta Conaplant KL Kepong Kempaa Lingui MBS
      390 words
    • Article
      SCRIP ISSUE
      133 11 Company Particulars Ex Date Books Close Sel Nut Nat Iron Dunlop Est P. Products Toshiba Bonus Issue of 2 for 3 Bonus Issue of 1 for 2 Bonus Issue of 1 for 5 Bonus issue of 1 for 4 Feb 28 Mar 22 Apr 8 NYA Mar 10
      133 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      393 11 SANDYiAWKES w tr 9 SIX i KILLING TIME by Sandy Fawkes Sandy Fawkes felt like screaming inside. The man she'd spent six days and nights with "a cross between Robert Redford and Ryan O'Neal" had just been revealed as a mass murderer, rapist and a pervert. Sandy lived to teil
      393 words
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  • Article
    Singapore ticks off West for breaking rules
    706 12 SINGAPORE has hit out again at the protectionists attitudes of developed countries at another international forum, adding that their reliance on protectionism would only delay a return to faster growth of world trade. Speaking at the 35th plenary session of the Economic and
    706 words
  • Article
    Singapore – Philippine trade committee mooted
    382 12 Singapore Philippine trade committee mooted A WORKING committee to promote trade and investment between Singapore and the Philippines may be set up by the Singapore Chinese Chamber of Commerce and Industry and the Federation of the Filipino Chinese Chambers of Commerce and Industry. The idea was suggested by Mr Wee
    382 words
  • Article
    UOB TO ISSUE US$25m FLOATING RATE NOTE
    141 12 UNITED Overseas Bank (UOB) will be issuing a US$25 million floating rate note (FRN) on the Euro and Asian dollar markets. The issue is to be made through an international syndicate of underwriters led by Credit Suisse First Boston Ltd, Banque Nationale de
    141 words
  • Article
    Aussie-Italian low fare agreement
    100 12 Q ANT AS and Alitalia have agreed on new low air fares between Australia and Italy, priced from A 5564 (551.350) return. The agreement was reached after four months of negotiations between the airlines to resolve major differences in air fare v The fares await formal
    100 words
  • Article
    LONDON STOCKS
    833 12 LONDON. Wed. The market closed firmer in fairly active trading on investor confidence in the economic outlook, dealers said. At 3.00 p.m. the Financial Times index was up 9.1 at 495.3. Government bonds showed rises of up to 7 8 point in long dated securities while shorter dates
    833 words
  • Article, Illustration
    Lock icon VIETS HANG FIRE
    414 12 AFP VIETNAM said yesterday It wsald allsw Chinese trsaps to withdraw after their 18-day harder conflict hat they most net commit "acts sf war" dnrtng the pallost The sfficlal daUy Nhaa Daa, qnoted hy the Vietnam News Ageaey, said: "The Chinese reacttoaaries' 'military ndveatare against Vietnam has
    AFP  -  414 words
  • Article, Illustration
    Lock icon Wedge between rich and poor
    310 12 Reuter POLITICAL, economic and labour leaders from noncommunist Asian and Pacific nations yesterday agreed that communist hostilities in Indochina are obstruction to improved relations between rich and poor nations. The agreement was expressed in a communique issued after the end of a three-day private international
    Reuter; Source: UPI photo  -  310 words
  • Article
    Lock icon Call to keep Taiwan defence option open
    294 12 UPI A KEY American House of Representatives democrat has warned against giving the President another Tonkin Gulf type resolution that he could use as grounds for military action in defence of Taiwan. Representative Clement Zablocki, chairman of the House foreign affairs committee, gave
    UPI  -  294 words
  • Article
    Lock icon Paper says why Bazargan is resigning
    160 12 UPI A TEHERAN newspaper reported yesterday that Premier Mehdi Bazargan has resigned because of his failure to control the Islamic revolutionary committees. The Teheran Journal said Dr. Bazargan went to the holy city of Qom to submit his resignation to Islamic leader Ayatollah Ruhollah
    UPI  -  160 words
  • Article
    Lock icon High price to pay for jet fuel shortage
    404 12 AP A SHORTAGE of jet fuel forced widespread cancellation of airline flights on Tuesday while several American oil companies said they will boycott Iranian oil because the price is too high. Two of America's largest airlines, United and Delta, said hundreds of
    AP  -  404 words
  • Article
    Lock icon Pertamina to cut oil supply to Japan
    137 12 Reuter INDONESIA'S state-run oil corporation Pertamina has told Japanese oil firms it will cut shipments of crude to Japan by 10 per cent from April to June, the Japanese International Trade and Industry Ministry said in Tokyo yesterday. The ministry said no reason
    Reuter  -  137 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      161 12 MOVUEXT introduces T-CARD systems A VERSATILE METHOD OF VISUAL CONTROL SYSTEM FOR JOB PROGRESS ORGANISING PERSONNEL RECORDS, STOCK CONTROL PRODUCTION SCHEDULING MACHINE LOADING SHIPPING CONTAINERISATION PLANT HIRE ETC. The unique feature is that each skrt lifts oik and moves up or dam so numerical or alphabetical enter can eesfr m>2
      161 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      57 12 Outlook for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 prior to 7JI p.m. on March 7 at the airport. Maximum temperature 32.6 Associated humidity 54 Minimum temperature 22.9 Associated humidity 98 Hours of sunshine 7.05 Rainfall in millimetres Trace Total rainfall for the month 33.9
      57 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon FEFC accepts Cho Yang
        54 13 Reuter THE South Korean shipping company, Cho Yang, has been accepted in principle as a member of the Far Eastern Freight Conference, (FEFC), the conference said in a statement. The FEFC said when terms and conditions of Cho Yang's membership have been determined, a further statement
        Reuter  -  54 words
      • Article
        Lock icon Gulf shipment safety
        44 13 Reuter IRANIAN Defence Minister Mr Ahmad Madani said countries which bought oil from Iran would in future have to assume the risk and responsibility for shipping it through the Gulf, the Voice of j the Revolution Radio in Teheran reported.— Reuter
        Reuter  -  44 words
      • Article
        Lock icon Drilling rig blaze
        90 13 UPI THE raging fire on a drilling rig in the Gulf of Mexico 45 miles off the Louisiana coast was snuffed out on Tuesday and searchers located the bodies of several missing crewmen. Coast guard spokesman Mr Bob Baeten said that a stream of natural gas continued
        UPI  -  90 words
      • Article
        Lock icon Bunker surcharge
        78 13 Reuter A FIVE per cent bunker surcharge effective from March 12 and applying to all vessels loading at UK ports has been introduced by the lines serving the UK/Jeddah container trade. The surcharge is due to the continuing rise in bunker fuel costs. The lines involved are Blue
        Reuter  -  78 words
    • Article
      New joint FE/Nigeria service
      489 13  -  By RAHIM KASSIM MEDAFRICA Line, which inaugurated its Far EastNigeria service barely 10 months ago, is making definite moves to strenghten its position in the trade. It concluded a joint service agreement recently with a newly-formed Nigerian shipping company called Golden Eagle Nigerian Line (GNEL). GNEL
      489 words
    • Article
      Lock icon London freight market
      154 13 UPI CHARTERING mamea* turn slackeaed noticeably after the previaaa days ef activity although bath veyage and time-charter activity Meters were aat completely devald af Interest. As far aa single vayage fbdag was ceaeeraed the haahlag by Caataatal grain ef a sal tramp vessel far the drat open
      UPI  -  154 words
    • Article, Illustration
      Sir Yue-Kong is now head of Intertanko
      420 13 HONGKONG'S international shipping magnate, Sir YueKong Pao, has been given the unenviable task of steering the world tanker industry in what is forecast to be a difficult year. Sir Yue-Kong, generally recognised as the owner of the world's largest independent merchant fleet, Worldwide
      420 words
    • Article
      Lock icon Ocean sells off its 26th ship in one year
      213 13 FT OCEAN Transport and Trading, the Liverpool shipping company, has sold the 51,000 dwt bulk carrier Hector, bringing to 26 the number of ships it has sold since January last year. The company lost £2 million on the sale of its
      FT  -  213 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3238 17 BCHEDIMB 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 dales of arrival and departure from the Port of
      3,238 words
    • Article
      INDEX
      480 17 SMpplag Use Page CM ACS n 5 Afea IV 3 Aguila V 2 All trans V 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 5r Bank n 5 Batam n 2
      480 words
    • Article
      Container Schedules
      832 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 the
      832 words
    • Article
      Who acts for whom
      905 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 Alpac
      905 words
    • Article
      Shipowners shun timber trade
      848 18 FREIGHT rates are going up to reflect increasing fuel costs and currency fluctuations. Many owners are turning down cargo that has marginal profit. The mo6t difficult to 9erve is the timber trade between the Malaysian ports of Port Kelang and Kuan tan to Bangkok. Uncontrollable costs
      848 words
    • Article, Illustration
      SHIPS IN PORT
      374 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Beechbank (after Sinaloa) 33 34 Bunga Setawar (after Dong Kwang) 19 Cherry Vilja (B. Barge) (after Sea Swallow) 45 Chidambaram (0530) 42/43 Miao Feng Shan (0700 after Kapitan Vislobokov) 35/36 Nedlloyd Kimberley (0600 after Nedlloyd Honshu) 3/4 Ocean Happiness (after Petofi) 31/32
      374 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      468 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pte Ltd Tel ***** L Harrisons A Crosfield Kuala Lumpur Tel: NtMWI i& Pemas-MISC Penang Tel ***** J> J \K I) I\ I AMAH f Orient Overseas FULLY CONTAMERISED SERVICE TO EUROPE (MA SUEZ) I H KONG CONTAKR
      468 words
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      Page 13 Advertisements Column 2
      254 13 flan fli SEALORD ANTAH J UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. RABIAN GULF WEEKLY SERVICE* /essel S pore Loading for a Dubai (26/3) Dammam (30/3) Kuwait (3/4) Muscat (5/4) Bahrain (8/4), Abu Dhatx (11/4) Doha (13/4)
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      377 13 m NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE e P kelant F slow* Haute R dan H ban B'em A aero 71 TBS? 28 Mil 24 Mar 25*,, 2? M* 28 Mai 30 Mat 111 MUr 13 MUf 2 Apr 29 Mar 30 Mil 1 Apr
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      871 13 m HONG KONG ISLANDS UNE LNER S£RVCI FOR FAR EAST- MIDOLE EASTS. AFRICA TAIWAN ft HONG KONG AUSTRALIA Set Page IV Column 3 for Sailings A SINGAPORE SHIPPING AGtNCIESPTt ITD MARKETING 911 12? GENE RAI *****1 A EUHO ASIA UNE SON BHD U ***** P MANG *****1 3 PENENG *****/2
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      738 14 EXPRESS CONVENTIONAL TO EUROPE Spare PKelanf Pen Bdbao Gcnoi H"bt»i Bremen Rdjm Antwerp Ettu Rjckmers 19 J 20 3 »URs ?0i 21 1 23 3 25 3 24 4 FUUr CONTUOKED TO GENOA/TWESTE P Kcian{ Genoa 10, 3 29 3 l>/3 5/4 FUIIT CONTAMERQED TO USA/CANADA Feeder P Man* S
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      Page 14 Advertisements Column 2
      465 14 -1 barber blue sec Fran: US ATLANTIC US GULf i EAST CANADA Neil km* -IN PMC" M* 1115 (M 15-17/3).' To; US ATLANTIC US GULF I EAST CANADA 24-K (FJL 22-23/3 H mm I©■ I 11-15/3 Vancouver BC Seattle 15 16/3 27-JO/3 IM4/4 I 27w/4 10-11/3 2J-27/3 Port Ketone I
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      Page 14 Advertisements Column 3
      662 14 (7) EVERGREEN LINE MR FAST EUROPE EXPRESS FUIL CONTAINER SERVICE ACCEPTWG CARGO FOR HAMBURG FELIXSTOWE. ROTTERDAM. ANTWERP LE HAVRE ALSO ACCEPTMG CARGO FOR UNITED KWGOOM SOUTHAMPTON LONOON MANCHESTER BIRMINGHAM BRISTOL LIVERPOOL GLASGOW LEEDS WEST GERMANY ftRtMCftHAVtN HQLLANO AMSTERDAM S'P4rt Hw*»| Fefaitove Rotterdam Antwerp It Haw* EeerWal »Apr U May 71
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      Page 14 Advertisements Column 4
      1153 14 Everett Lines Banna Fhr* Star SkippM* Corpn. "BURMESE NATIONAL LINE" HI OH TIB 1/1 Un msimertwm u/i j m» JF B F SS C Agents m Moloywo TEPS MALAYSIA ZM Port Keiong T«t (38>-7355 Penong Tel *****/***** W /m Companta Arfantina Da W ;aPZ\> Navavacion Intarcontinantai S. A. C.I. F.
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      Page 14 Advertisements Column 5
      680 14 wmmm **■■1 T mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA SHENTONWAY MISTR'ROAD SINGAPORE 2 TEL *****44 7 *****70 SANKYO LINE AUSTRALIA SERVICE P. Keianf Seaport Loadmf for: THREI STAR... MAY BIKES MAT SKY MAY CARP Saied 9/11 M* 15/16 Mar 17/18 Mo 30/31 Mar 1/3
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      Page 15 Advertisements Column 1
      659 15 OCL Overseas Containers Limited CONTAMERSMP SERYICE TO UK/CONTICNT i t" tool Bay Dunn Mar j Aurama Iftaru AovkMH Bay HvMuli MHit Nong»o«« EigteU BenaMn City oi Ldmburfk carikgan Ba, < «a\.»j< Maru CONTAINERSHIP StRVtCf fROM UK CONTINENT H bu't Brem SaM SaM S lon P »fun| S port Mukaig E«pre»
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      Page 15 Advertisements Column 2
      1089 15 GRANARD LINE RELIABU l DEPENDABLE NON-CONFERENCE EXPRESS SERVICE WST BOUND-FAR EAST/MEDITERRANEAN S pore f Keianf P«M| M MAN HI 22W M fart 11 Mar M*MM M V 24* 29 Mar 1 Apr MV MM HMG V2S* 29 Apr 2 May 4 Mi, Ail KSStIS ACCEPTMG CONTUU CMCO EAST BOUND-MEDITERRANEAN/ F
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      Page 15 Advertisements Column 3
      521 15 [j7> BEN LINE CONTAINERS r» n BEN ASIA I CONTAINER SERVJCI EXPRESS CONTAINER SERVICE STRMTS/TMWAN/MPAN 10 TAMIAN lAPAN N*Mi Maru 481 Bwwj Trader Clipper fcf i» Boiuta Act 181 Sporr PU*| Penang Uo Hff Tokyo 93 Sated In fori |;-J ?3/j II 3 14/3 13/3 72/3 77 3 77 3
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      Page 15 Advertisements Column 4
      382 15 Scan Dutch V WEEKLY EXPRESS CONTAINER SERVICE "a»ii t]\zrvi EASTBOUND FROM MED/ 4DINAVIA I) Cbu>i 7) H bvr| to 4) I to* 5) LeH t) Imk P WTUMM 12/3 IV3 14/1 It/3 17/) 23/3 7/4 5/' Acceptn( (ism 1) Mahno SMM* o*. H(M< 2) Coper*a en 3) km 4) Antwerp
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      Page 15 Advertisements Column 5
      723 15 GUTHRIE BOUSTEAD shippinc AGENCIES THE BANK LINE LTD LOWS FOR E. I S. AFRICA Durban lift Capetown) (ROM (AST t SOUTH AFRCA nawß ivn»o, Spare 27/31 M* P Kelang 1/4 Apr FOR BANGKOK MAM P U«| Spore C* 13/1 Mb P Kelang 3 6 Apt Spore l/U Apr EXPRESS SERVICE
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      891 16 K LINE KAWASAKI KISEN KAISHA, LTD. 9 EOROF'f E XPW SE* -K E TO EUROPE S port P Kelang L Ha»re R dam H burg •»"">» CONTAWER 14W W RCA lOR 10* 0 CH€f 13W SS BRIDGE 20W In Port 9 Mai Mar 13 Mar 17 Mar 18 Mar 73
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      Page 16 Advertisements Column 2
      932 16 11.5.A./EAST CANADA SERVICE ACCEPTRIG FCI/ia CONTAMERS FROM PENANG. P. KRANG. SPORE Lu*g b KIW. NORFOLK Penang Betawan P Kelang Smgapoie E.C./GREAT LAKES SERVICE 10MMK FOR REN TOM. NORFOLK BAITMOH PMLAOELPHM. MONTHU TORONTO Penang Mm P Um| Sagaport 10 MYSORE" (MBA SO) 19/28 Mar 1(/18 M> 15/14 Km 12/14 Rhr 10
      932 words
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      Page 16 Advertisements Column 3
      633 16 OOH U ,'OTh f VAPwETING 9 T£ OS J 4S9S P's i roi i n SINGAPORE SHIPPING AGENCIES PTE LTD. Hi UN Bo«l.O<*G SINGAPORE 1 II'NES GtNSPAI 91)'' 1 |14 UNtSI SS6B A B CA P SHIP •C A Bi. t CAHGOSh'P W SI\(,AI>ORh; ISLASDS IJ\H MIDDLE h AST RK.L
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      Page 16 Advertisements Column 4
      596 16 MAIArSIAN INTfRNATfONAL SHIPPING CO*PO*AVON BfPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WEST MM* JUL-. "''Si? S <»'« li Mse*« 2) Rdan. 3, Hburg 4) Gbur, Ul*oBA Saded MHON 10/3 25/3 30/3 1/4 3/4 FNANCfSCA 10/3 MO KMAA 20/3 3 4 1 4 10 4 12/4 (lUNOM 17/3 (ItANORA 24/3 N
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      Page 16 Advertisements Column 5
      830 16 i malar* »»/,!>: March 8,1179 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Smqapore 9 Telephone *****11 *****57 Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P Kelang load* for: 2S Mar 22 Mar Brisbane Sydney Melbourne Adrtatde FORTUNER V 30 ■nMttMfll) l IB 2352*11 aOOKMC *****57 no am i mtmt «m7«2. *mn
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      Page 17 Advertisements Column 1
      181 17 KAI UNION SHIPPINGS 26th Floof UIC Building. Shenton Way Singapore. 1 Telephone *****66 REGULAR SERVICE TO CHTTAGONG ETA ETC MM* 22 Mar SONG* HI A SERVICE h Port 9 Mar k, Port Mar REGULAR SERVICE TO BANGKOK 12 Mar 14 Mar nKAI UNION SHIPPIN6 SON BHD Port Kelanq Tel *****0
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      Page 17 Advertisements Column 2
      164 17 BLUE STAR LINE I SINGAPORE/NEW ZEALAND SERVICE FUU CONTMOSMP SOWCt ACCffTUG GOOUU. WO REEfQI TO MAM N? PUTS STOK MINTS MEN. lON SWTMG USDICY PTt LTD Til *****44 SUN BRIGHT HOC HMG HOE LEE HOE ONN HOE HOE SHIPPING CO. 6th FL DUNN HOUSE 90 CECIL SINGAPORE. TEL *****66 4
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      Page 17 Advertisements Column 3
      195 17 M ALLTRANS EXPRESS NVOCC Service To AUSTRALIA Accepting LCL FCL cargo for MELBOURNE, SYDNEY weekly service ALLTRANS EXPRESS (S) PTE. LTD. Tel: *****7 (3 lines) Telex: RS ***** ALLTNT DUMN SJNGAPf*! DUtMM UK fOMROKW SAAWG FROM SMNG FROM UA shgaporf OARWM m March 1979 18TH March 1979 ?9th March 1979
      195 words
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      476 18 SIR YUE-KONG PAO HEADS INTERTANKO Hongkong's International shipping jnagnate, Sir Yue-Kong Pao who is generally recognized as the owner of the world's largest independent merchant fleet, now heads an international body of independent tanker owners in what is widely forecast to be a difficult year ahead. At the Council meeting
      476 words