The Business Times, 14 March 1979
1979-03-14
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The Business Times
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Title Section10 1979-03-14 1 BUSINESS TIMES M.C.(P) No. IM/1/7J WEDNESDAY, MARCH 14,1179 50 CENTS10 words
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BRIEFLY...
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Article64 1979-03-14 1 Reuter. JAKARTA, Tues. President Suharto has approved plans for the construction of a US$3l3 million (SJ6BO million) joint Asean fertiliser plant in Acheh, north Sumatra, the Indonesian investment coordination board announced today. The plant will be the first to be realised of five joint ventures which wereReuter. - 64 words
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Article38 1979-03-14 1 NEW DELHI, Tues. The second US-Soviet agreement on Strategic Arms Limitation (SALT II) will be concluded and signed "quite soon," visiting Soviet Premier Alexei Kosygin told Indian leaders here today, an Indian govermment spokesman said.38 words
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Article42 1979-03-14 1 ACCORDING to the London Daily Mail, Sime Darby has complained to the Takeover Panel that the M and G Unit Trust group has gone too far and is threatening to frustrate an offer other investors may not want to refuse.42 words
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Article79 1979-03-14 1 AFP. LONDON, Tues. A big new natural gas deposit that could prove one of the world's largest, has been located off Abu Dhabi in the Persian Gulf, the Financial Times reported today. It was believed to span a depth of several hundred feet. It did not appearAFP. - 79 words
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Article55 1979-03-14 1 AP. CAIRO, Tues. Reporting last-minute progress towards an Egyptian-Israeli peace treaty, US President Carter stopped here today to brief Egypt's President Anwar Sadat. As he left Israel at the end of a 66-hour visit, Mr. Carter said "good progress has been made" towards a peace treaty and vowedAP. - 55 words
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Article44 1979-03-14 1 A LOCAL machine manufacturing firm, Chan Ho Engineering, will invest $2.5 million to double its production and diversify its products. The firm is getting aid from the Economic Development Board's product development assistance scheme to carry out its investment over five years.44 words
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Article29 1979-03-14 1 THE PRESIDENT of the World Bank, Mr Robert McNamara, arrived in Singapore yesterday for a one-day visit. He will have talks with Mr Lee Kuan Yew today.29 words
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Article59 1979-03-14 1 Reuter TOKYO, Tues Philips Petroleum Co of the United States is studying possible participation in a joint Singapore-Japanese petrochemical project, a Japanese partner said today. Sumitomo Chemical said Philips was expected to decide by the end of next month whether to join the Ss2 billion project by investingReuter - 59 words
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Article51 1979-03-14 1 AP NEW YORK, Tues Uncertainties about the outcome of President Carter's bid for Mid-East peace put the stock market in a holding pattern today. The Dow Jones average of 30 industrial issues was up 0.17 to 844.85 in the early going. Advances held a slight lead over declines.AP - 51 words
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Chief Price Changes
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Article127 1979-03-14 1 Rises Most Active Seacorp 780 Aver llitam Tin 1240 Consplant Wrt- 436 Malakoff 240 Tganu Dev 139 Kothmans 340 Dah VunK 105 Kempas 412 K L KeponK 263 Hatu Lintang 225 K L Industries 70 Falls Aokam 306 Sungei Besi S10 K|{ l.anjut 220 Alcorn 180 Setron A 167127 words
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Article, Illustration132 1979-03-14 1 Rises Most Active Pengkalen 330 Castlefield 1260 T Harbour 340 G Kent <M) 304 Falls -t-110 30 10 06 Consplant 196,000 S Darby 122,000 Haw Par 71,060 F Merlin 71.000 Total Turnover: 1.45m Total Value: M$3.69m Guinness 510 FAN 530 Tractors 535 Sthn Mai Tin 1260 Mai Tin132 words
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Article1645 1979-03-14 1 FOO CHOY PENG - NEW EDUCATION PROPOSALS By FOO CHOY PENG IT IS IMPERATIVE that the principle of teaching children at the pace at which they can absorb instruction be given serious consideration. This will cut down the unacceptable attrition rate of the past arising from a1,645 words
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657 1979-03-14 1 UNHAPPY shareholders who together control more than 10 per cent of the interests in UK-registered St. Piran intend to replace the present board of directors with an entirely new board. If elected, the director who will take special responsibility for the company's Far657 words
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294 1979-03-14 1 AFP, Reuter MAJOR Japanese trader* anticipate u liereue ii exports la the months to come ns a remit of the yea's recent depreciattea. Aa official sarvey takes last maath by the Japaaeae Eeaaamle Plaaniag Agency (EPA) eevered S3 companies, Incladlag 28 tradlag beases, whichAFP,; Reuter - 294 words
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509 1979-03-14 1 ARTHUR NG - By ARTHUR NG THE latest arguments of the Guthrie board are "superficial" and are aimed at "misleading" shareholders rather than informing them. This is the opinion of Sime Darby Holdings' chairman Tun Tan Siew Sin as he once again takes on the task of509 words
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Page 1 Advertisements
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Advertisement28 1979-03-14 1 whatever you need in menswear.get itat... MOHAN'S DEPT. STORE (PTE.) LTD. 321. Orchard Road TW *****22 (naxt to Mandarin HoM) Branch: 101,1fcnglinShopping Centra TW *****40 Daily :9am-9 pm28 words
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Advertisement55 1979-03-14 1 FRATA NEWS FRATA CONSOLIDATION SERVICE SINGAPORE U.K. ROTTERDAM HAMBURG LCL AND FCL SERVICE WITH CONTINUOUS RECEIVING AT OUR WAREHOUSE FOR FREIGHT RATES SCHEDULES AND BOOKING PLEASE CALL MR. TAN KAY HOCK MRS. JUDY TEO MISS MAY JUAN FRATA SHIPPING PTE. LTD. Suite 801.8 th Floor, World Trad* Centre, Marl time55 words
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Advertisement79 1979-03-14 1 I SHIPPING TIMES CALL far ehaage to property iMotry tax base i TAX evartsa aai toe TNGs 7 CAMUS eat to 4mMe market MAS redtoeeaat seheme for ra <^M a J A w tt at toe SLne/Gatorie WASTE Mi can m maiayaaa jam. Heir aai strategeaw II weedtodestry S AIRLINES79 words
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Advertisement230 1979-03-14 1 Avmab* Mi »*Ong 90*1 CTATi 4 d*pt ttOCM Sot* Agmti ROYAL SPORTING HOUSE PTE LTD 201 High StrwlC«nlr* S<noapo«tS T«l *****63 *****54 1 11 t 77>e Editor 4C —a robust, yet very elegant, machine The heavy-duty Editor 4C is built for continuous use This is a very tough, fast typewriter230 words
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TRADE AND INDUSTRY
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Article630 1979-03-14 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 Couise, PSA Conference Hall, PSA Mar630 words
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Article163 1979-03-14 2 THE Natleaal Wages C+mmcU (NWC) Is studylag the 1171 ratwnmwrfs(teas m wages aad It is iavftfag views from laterested parties eeaeeraiag, ia partlealar, the I*7B wage adjastmeat galdellaes aad related matters. However, these laterested parties sheald aet he member* er affiliates ef the Slagapere Empieyers'163 words
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Article, Illustration652 1979-03-14 2 TEO TECK WENG - S-E ASIAN SURVEY CONGRESS By TEO TECK WENG RISING PROPERTY values and greater home ownership in Singapore should be valid reasons for a change in the property tax base to one of capita] value. Professor Philip Motha of the University of Singapore said652 words
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Article, Illustration58 1979-03-14 2 On display at the Hannover ABF 71 fair (or holiday-makers are two nnnsnal vehicles. In the rear Is the 71,1M-mark (SSB2,MI) Sea Ranger amphibious vehicle while in the foreground is a plastic two-seater, powered by a 41 cc motor. The small car can reach a topUPI photo - 58 words
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299 1979-03-14 2 THE immediate plan of French cognac bottler Camus is to double its market in Singapore. Camus now has only 5 per cent of the cognac market here. The vice-president of the company, Mr Jean Gentzbourger-Camus, said the aim to double its market can only299 words
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Article123 1979-03-14 2 DELEGATES to the South-east Asian Survey Congress are taking a break to go on technical tonrs conducted by the organisers. Several papers will be delivered when the technical sessions reswne tomorrow. Among the topics to be discnssed Is a paper on "Erosion of profit In construction123 words
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457 1979-03-14 2 COMPULSORY acquisition of land for public purposes may well be progressively cheaper for the government with rising property values Chartered surveyor Tan Kim Choon warned that the unlucky, uninformed, or simply reckless purchaser of development land may, on acquisition, get very much less than what457 words
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Article, Illustration396 1979-03-14 2 i MR. JAMES Ptlkiagtas has 1 been appointed director and i genera] manager of PA Con- suiting Services Malaysia Sdn Bhd, an international management consultancy. Mr. David Donaldson, PA's chief executive for Asia and chairman of the Malaysian company here, also announced the resignation from the company's396 words
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Article163 1979-03-14 2 CONSULASIA will organise four seminars next month. The first of these is a twoda y seminar on contemporary computer management from April 17 to 18. Seminar leaders are Mr. Roy Montgomery, head of the Consulasia data processing education programme, and Mr. Ernest Cockram, an analyst,163 words
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176 1979-03-14 2 THE SINGAPORE Medical Association will be holding its 10th annual convention next week in conduction with the Medic-Asia '79 exhibition. The five-day convention, starting next Tuesday at the Hyatt Hotel, will be attended by delegates from the US, the UK, Hongkong, Malaysia176 words
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137 1979-03-14 2 A 15-DAY New Zealand meat festival will be held in succession at Metro Bukit Timah from March 17 to 23 and Metro Golden Mile from March 24 to 31. Highlights of the festival at the supermarkets will be New Zealand lamb and beef dishes,137 words
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Article154 1979-03-14 2 THE Department of Trade will participate in five export promotion training programmes this year. The first of these is the ITCAsean inter-country workshop on strengthening national training programme, to be held in Manila from April 16 to May 4. From April 19 to 20 will be154 words
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Article42 1979-03-14 2 INTERNATIONAL Direct Dialling (HDD) to Austria begins today, the Telecommunication Authority of Singapore announced. The charge is $9 a minute and charges will be based on blocks of six seconds. Singapore now has IDD service to 38 countries.42 words
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Page 2 Advertisements
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Advertisement169 1979-03-14 2 Pullman Kellogg LNG new trade routes. Algerian LNG (Liquefied Natural Gas), enroute to the U.S. East Coast, is opening new trade routes between Africa and North America. And facilities for both producing and receiving much of this cargo —LNG—were engineered by Pullman Kellogg. In Algeria, Kellogg teams are constructing two169 words
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Advertisement35 1979-03-14 2 +)]<}:|~$+$!"{%&`.)`{^-[<&>&^"\ CHANGE OF TELEPHONE NUMBERS With effect from Thursday, March 15.1979 our telephone numbers will be as follow *****6 Ef *****6 Malaysian Industrial Development Finance Bertvad 195 A, Jalan Pekeliling P.O. Box 2110 Kuala Lumpur 16-0135 words
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REGIONAL
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Article588 1979-03-14 3 Reuter STRUCTURAL changes in the Japanese wool textile industry will continue this year, the Australian Wool Corp (AWC) spid. In its textile activity review in the February Monthly Perspective, the AWC said a plan for solving the over-capacity problem in the worsted spinning sector has beenReuter - 588 words
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Article89 1979-03-14 3 AFP JAPANESE companies spent 1,900 billion yen (Ssl9 billion) on advertisement last year, or 12.6 per cent more than the previous year. Dentsu Inc of Tokyo, an advertising agency, reported yesterday it is the third consecutive year that advertisement expenses showed a two-digit increase overAFP - 89 words
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Article66 1979-03-14 3 Reuter INDONESIA has signed a contract to buy 50,000 tonnes of rice from Pakistan, the semi-official state news agency Antara reported. Indonesia produced a record rice crop of nearly 18 million tonnes last year, but domestic consumption exceeded production by about 50,000 tonnes. In anticipation ofReuter - 66 words
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282 1979-03-14 3 AP CHINA should incorporate elements of the Western market economy into its planned economic system and permit some competition among factories, a top provincial official says. The official Hsinhua News Agency quoted Szechuan's party leader, Mr Chao Tsuyang yesterday as sayingAP - 282 words
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726 1979-03-14 3 THE Malaysian timber industry has been urged to minimise wastage in forests and mills to obtain a higher recovery rate especially when "wastes" can be salvaged to produce other timber products. Malaysian Primary Industries Minister Paul Leong, who was opening the second national726 words
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Article270 1979-03-14 3 Reuter. JAPANESE investment in Indonesia should shift its emphasis to financing export industries rather than production for local consumption, the chairman of the Indonesian Chamber of Commerce and Industry, Mr Suwoto Sukendar said. Addressing the first meeting of the Indonesia-Japan joint economic committee in Jakarta yesterday, MrReuter. - 270 words
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Page 3 Advertisements
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Advertisement135 1979-03-14 3 M »In*J J of our special fares, we have Full Service Economy Class. This offers the same high standard of service Pan Am Economy passengers have always enjoyed. To bring you these three kinds of service, we have the largest fleet of 747s and 747SPs the most advanced planes in135 words
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Page 3 Miscellaneous
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Miscellaneous629 1979-03-14 3 TWO-IS-CRYPTIC PUZZLE ACROSS 1 Mother Nature's sunshade (5) 6 Raced into the wood (5) 9 Where there's drinking and dancing (3-4) 10 Come out in the garden (5) 11 A tot, we hear, has great strength (5) 12 The sort of fool One has time for (5) 13 Superlatively simple629 words
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RAW MATERIALS
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Article301 1979-03-14 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 pet rirst class i Kangaroo) new crop 0.96. 100 pet second class O.K. 100 pet third class 0 83. 25 pet new crop no stock. B-10 pet 0.75. THAI BROKEN: A-super 062. Special 0.56. THAI RICE: 56301 words
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Article130 1979-03-14 4 HIT BY commission-house selling, Chicago wheat futares closed with losses of 7 1 1 US cents to one cent a bushel on Monday. As in other pits, long liquidation was the keynote of the session, traders said. The market opened lower on small commission-house and local selling, then extended130 words
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Article243 1979-03-14 4 OPENING quotations in Singapore yesterday were marked down 2.50 cents in line with the weakness in London, but the loss was recovered subsequently on speculative and upcountry buying. The market eased slightly towards the morning close when buyers retreated. Turnover was light. The morning market was slightly lower, with243 words
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Article332 1979-03-14 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt (.o.b. 247.25 248.25N 247.75 248.75N Int. 1 R.S.S. April 247.75 248.25 248.25 248.75 Int. 1 R.S.S. May 247.75 248.25 248.25 248.75 Int. 2 R.S.S. 243.50 244.50N 244.00 245.00N332 words
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Article108 1979-03-14 4 \IM>N SSH Mini SMK >nte> 1 I HAS April May (Current Mtk) (For ».rd Mlhl Buyer* Sellers Buyer* Seller* SSH 3» 1 l-t«m pallet» iUw 245.00N 244.00 246.00N SSH "iii 11 -li»n |Nillri I 240.00 242.0ON 241 00 243.00N MRKLB SMH CV »1 -IMM I 254.00 256.00N108 words
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Article30 1979-03-14 4 Rubber: March 13 Singapore: April: 248.25 cents (up 0.25 cent) Malaysia: April 251.75 cents (up 0.25 cent) Tin: $1,935 (down $13) Official offering: 205 tonnes (up 20 tonnes)30 words
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Article63 1979-03-14 4 THE STRAITS tin price in Penang fell MJI3 to $1,935 per picul yesterday. Values weakened in reaction to Monday's rise, lower London prices and a higher volume of tin ore offered by miners. However, continued light Japanese, US and local demand were evident at this level and total63 words
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Article194 1979-03-14 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (tn HK dollars, spot ex-godown) C«ttN yan: China Blue Phoenix 20s 2.360 32s 2.900; 40s 3.100 (per bale of 400 lbs). Pleee gaada: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly194 words
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Article145 1979-03-14 4 TRADING on the sugar futures market yesterday remained quiet throughout the day with no trades done, the same as Monday, dealers said. Nearby May closed at 8.57/66 US cents against Monday's 8.60/68 close, July at 8.88/96 against 8.90/SB with distant March at 9.83/ 91 against 9.82/92 cents. Sugar145 words
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Article189 1979-03-14 4 CHICAGO soybean futures on Monday trimmed midday losses substantially in the final hour but still closed lower. Prices settled 94 to 4'/t US cents a bushel lower, about nine cents above lows but as much as seven cents below their peak. The session was characterised from the start by189 words
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Article900 1979-03-14 4 COi T eE: Robusta futures yesterday closed the morning steady at the highs, £10 up to £1 per tonne down from Monday in sales of 2.283 lots including 19 options and 300 lots of cross trades. Dealers said there were no fresh market factors and futures held a900 words
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Article334 1979-03-14 4 QUIET TRADING conditions persisted on the Singapore produce market yesterday. Business was minimal as most of the dealers were disinclined to quote for want of proper price indications from overseas. After four mark-downs in about 10 days, all grades of pepper appeared to be steadier though buyers were334 words
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Article76 1979-03-14 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated. LONDON: Mon Previous Malaysian 5*ffa bulk per tonne 655slr May unch Sumatra 5* f fa bulk March 702':• sir 705s lr April 677'.sir 680s lr May unch 662'.'Sir June 655s lr 652'2 sir July unch 685/69276 words
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366 1979-03-14 4 THE DECISION taken recently in Bali by the International Natural Rubber Council of the Association of Natural Rubber Producing Countries (ANRPC) to push ahead with an Opec-type producers' club reflected, among other things, the anger of developing countries over the US insistence that366 words
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Article267 1979-03-14 4 Reuter. PHILIPPINE copra exports rose to 15,000 tonnes in February 1979 from 3,000 tonnes in January. Philippine Coconut Authority statistics show that February 1979 exports were less than the 45,974 tonnes in February last year. Total copra exports from January to February 1979 fell to 18,000Reuter. - 267 words
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Article212 1979-03-14 4 UPI. LIU XIGENG, Deputy Minister of Agriculture for China, took a head of hybrid wheat in his hands and gingerly massaged it. Liu turned to Jim Wilson, Dekalb Agresearch vice president, and remarked through an interpreter how many more kernels per head and how muchUPI. - 212 words
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155 1979-03-14 4 Reuter. BANGLADESH exports of raw jute are expected to rise to 2.5 million bales (400 lb net) in 1978-79, an increase over the past two seasons. The US Agriculture Department (USDA) said in its weekly magazine. Foreign Agriculture, that the higher exports areReuter. - 155 words
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Article97 1979-03-14 4 Reuter. SARAWAK pepper exports fell to 2,454 tonnes worth MJ9.99 million in October 1978 from 4,531 tonnes worth 116.87, in September but was above 1,789 tonnes worth 19.25 million in October 1977. The Pepper Marketing Board said exports for the first 10 months of 1978 totalled 27,535Reuter. - 97 words
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Article56 1979-03-14 4 TAIWAN overnight bought 34,000 tonnes of white wheat, FOB the west coast, exporters said. The purchase included 5,500 tonnes for May shipment at U*****.79 (about $300) a tonne, 5,500 tonnes for June shipment at $139.85, 17,500 tonnes for July 15-Aug 5 at $132.25 and 5,500 tonnes for Aug56 words
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449 1979-03-14 4 Reuter. AMERICAN exports of soyabeans this season are now forecast at 785.0 million bushels, 10 million bushels above the previous month's estimate and compared with 700.0 million bushels last season. The US Agriculture Department (USDA) said in a revised supply and demand report, thatReuter. - 449 words
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Article44 1979-03-14 4 PHILIPPINE Natural Resources Minister Jose Leido said he expects Philippine plywood exports to the US to rise by about 25 per cent this year to around USS3IB million as a result of an American tariff cut from 16 to 8 per cent.44 words
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119 1979-03-14 4 Reuter C. CZARNIKOW LTD saM there are now only three weeks before the lateraatteaaJ Sagar Agreement (ISA) special stack scheme is sehedaied to CMnmeaee, aad It remains to be seea whether there is saffletoat tff far the U8 to achieve domestic nearReuter - 119 words
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Page 4 Advertisements
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Advertisement102 1979-03-14 4 From today... one more IDD Destination: Austria Country Code 43 Charge per block of 6 seconds $0.90 Other IDD Destinations are Australia, Bahrain, Bermuda, Canada, Cyprus, Denmark, Fiji, Finland, France, Federal Republic of Germany, Greece, Hong Kong, Republic of Ireland, Israel, Italy, Japan, Republic of Korea, Kuwait, Liechtenstein, Luxembourg, Macao,102 words
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Advertisement8 1979-03-14 4 Unofficial el«siflg prices *f LondM metals »n hack8 words
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OVERSEAS
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504 1979-03-14 5 Reuter CHASE Econometrics Associates said it has raised its forecast for the US trade deficit this year by US$5.l billion (Ssll billion) to $34.3 billion as a result of the turmoil in Iran. The figures are calculated on a F.0.8./C.l.F.(free-on-board/cost insurance freight) basisReuter - 504 words
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219 1979-03-14 5 AP. US government officials said on Monday they are not surprised by the decision of Pakistan and Iran to pull out of CENTO (Central Treaty Organisation) their anti-communist alliance with the West. The State Department had no official comment on Monday on the announcementsAP. - 219 words
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160 1979-03-14 5 UPI. ONE of the most durable myths about the British economy is that it is the most heavily taxed nation on earth. But figures from the OECD show that it is eleventh in the tax league. In 1970, it could have been argued thatUPI. - 160 words
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558 1979-03-14 5 UPI, Reuter THE world's thirst for oil has made the Persian Gulf the key to the destiny of "the free world as we know it," American Energy Secretary James Schlesinger said on Monday. In an assessment so dour that one senatorUPI,; Reuter - 558 words
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Article66 1979-03-14 5 Reuter. AN OUTBREAK of running noses and coughing plagued ft Japanese Cabinet meeting yesterday, and one minister blamed an energy saving programme calling for lower room temperatures. Trade Minister Masnmi Esakl, sniffing occasional* ly, told reporters the worst afflicted was Finance Minister Ippei Kaaeko. Bat PrimeReuter. - 66 words
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Article, Illustration40 1979-03-14 5 Right-wing Israeli dissident Gnela Cohen, a member of Prime Minister Begln's Likud Party, tears up some Knesset (Parliament) stationery in protest as she heckled Mr Begin during his speech on Monday on Mr Carter's peace proposals. UPI photoUPI photo - 40 words
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WORLD IN BRIEF
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Article531 1979-03-14 5 Agencies BRITISH Steel Corp (BSC), and the Iron and Steel Trades Confederation, failed to come to an agreement in their sixth round of talks over the current annual pay claim, a BSC spokesman said. The spokesman said the corporation refused to improve their offer of 8 perAgencies - 531 words
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423 1979-03-14 5 UPI. THE EUROPEAN Common Market inaugurated its longawaited monetary system yesterday but the triumph was soured by bitter British attacks on the policy of the nine-nation Community. The European Monetary System (EMS) intended as a counterweight to the dollar and theUPI. - 423 words
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Article71 1979-03-14 5 CHRISTIAN Democratic Party leaders began talking openly about the necessity for early national elections for the first time on Monday. only hours after Premier Designate Giulio Andreotti flew to Paris for a European summit conference. Political experts predicted the open calls for early elections by leaders71 words
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189 1979-03-14 5 Reuter HOPES OF reducing US dependence on foreign oil were dealt a blow early this week when Texaco announced that the Baltimore Canyon had again (ailed to produce oil or gas. Texaco said it has abandoned a second well it drilled in theReuter - 189 words
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Article150 1979-03-14 5 Reuter THE Swiss government will ask Parliament to increase Swiss holdings in the Asian Development Bank and Inter-American Development Bank. It will also propose that Switzerland should become a contributor to the African Development Bank, a communique issued at the end of the weekly Cabinet meeting said.Reuter - 150 words
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243 1979-03-14 5 AP AMERICA'S steel imports declined significantly in January because the government's trigger price mechanism is working, the American Institute for Imported Steel reported. "It should be noted that January was the second consecutive month in which imports declined," said insitute president Kurt Or ban. SteelAP - 243 words
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Article729 1979-03-14 5 ARRIVALS Service Local Operator Number Time From CPA CX710 1005 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL SLA SQ209 1045 HLP MAS MH606 1045 KUL THAI TG981 1060 BKK GIA GA944 1055 PKU GIA GA9QB 1100 MES UB UB231 1115 RGN729 words
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Page 5 Advertisements
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Advertisement93 1979-03-14 5 When you're fishing for new markets, land big game with the help of air freight experts. When you're busy meeting deadlines, controlling inventory, hounding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as seriously as93 words
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488 1979-03-14 6 PARENTS will, or should, be delighted with the report on the Ministry of Education conducted by Dr Goh and his systems engineers. Integral to the proposals are the ideas that parents should have some control over the education of their children rather than488 words
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Article311 1979-03-14 6 PROFESSOR Motha has made some very brave assertions about the property market of the future. He seems to believe the business of renting properties will virtually die out, an assertion with which few Singaporeans will agree. He admits the valuation of properties on their capital311 words
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Article, Illustration1169 1979-03-14 6 MATTHEW SYMONDS - Britain's nationalised industries have never been held up as models of efficiency or profitability. However, as MATTHEW SYMONDS reports there is now evidence to suggest that their real cost to the country is a great deal more than is shown inFT - 1,169 words
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Page 6 Advertisements
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Advertisement273 1979-03-14 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 Macpherson273 words
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Page 6 Miscellaneous
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Miscellaneous78 1979-03-14 6 fibu.ON PwVDfty, Jong; 1 PUT VKI P>N HOUR pv Hpkuf oveßnme LPkST NIGHT BriStoW: Frank DictenS NNGWT UJOBKtWG LP«T£ N4 Njese- V'D Ltk£_ OFftCC UXHEM I R# ms >/ MEPISD svrphg>£. SumPs P>MD CRftSMeS owec nry MeFSD thgn CpmeTHG SOONDS OF OfcXCTS BeJN&THdo^ p>eouND P»ND THg,se u)€P£. BW P* Dft£pC*OL78 words
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Miscellaneous903 1979-03-14 6 SOMETHING FOR ALL IF QUALITY to tor king toalgkt, variety eertaialy is la plea Ufa! sspply; tram a "family" type series based sa the bestseller aad matlea pietare, "Please dea't eat the ialsjws", u the deUgktfally toasted mappets, aad the seemlagly earless Mtocy sI Hawaii Flve-O, aad the Parttameatary reput.903 words
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928 1979-03-14 7 OUR REPORTER - By OUR REPORTER THE electronics and motor assembly plants of transnational corporations (TNCs) in Malaysia and Singapore have the opportunity to evade taxes on a large scale dne to lack of understanding about their operations and poor controls administered by928 words
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1400 1979-03-14 7 ANTHONY PARISI - In the second, and last, of his articles on the profits and problems of the oil industry, ANTHONY PARISI concludes that this year's surge in oil profits will be less than in 1974 and will evaporate just as quickly. Meanwhile, the public will1,400 words
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Article328 1979-03-14 7 Letter to the Editor Dear Sir I HAVE read with great interest the letter written by Mr. A. P. Godwin and published in Business Times on the 7th March 1979 on the much discussed subject of admission of Queen's Counsel. I entirely agree that there should be328 words
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Article374 1979-03-14 7 SIME Darby, I hear, is trying to persuade racingdriver, James Hunt, to help launch their new BMW model. Apart from the fact that his style of driving is hardly suitable to Singapore it appears that there is some connection with a disco. How on earth will374 words
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992 1979-03-14 7 Fox Butterfield - I FOR UM, ...with Fox Butterfield NYT WHEN the Chinese Communist Party decreed last December that it would henceforth shift the focus of its work from political struggle to economic development, many Chinese must have welcomed the news. But there are apparentlyNYT - 992 words
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Page 7 Advertisements
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Advertisement336 1979-03-14 7 and where to entertain c Lite up your life at Vanda Live it up at the newly renovated ▲jipu \fenda Bar. Styled for comfort gStagjL and good cheers UQN DH Sing along with our n| t o f resident duet George David to your favourite request Happy Hours from 5p336 words
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INTERNATIONAL STOCKS MARKETS
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Article500 1979-03-14 8 NO FINAL DIVIDEND Reuter. MIDLAND BANK has achieved higher pre-tax profit of £231.41 million for 1978 compared with £196.82 million (restated) for 1977. Earnings per share also rose to 88 8p basic (81.3p). Fully diluted, they amounted to 81.6p (no comparison). 1 The bank hasReuter. - 500 words
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204 1979-03-14 8 AFP. THE PRESIDENT of Chase Manhattan Asia Limited (CMAL), Mr C. P. Brauch, has announced that its profits after tax for the year 1978 increased by 91 per cent to US$9.7 million while total assets for the year ended Dec 31,1978, increased by 5.7 perAFP. - 204 words
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252 1979-03-14 8 Reuter. SCHLOEMAN-SIEMAG AG is negotiating with the Chinese authorities for a contract to build a crude steel works at Paoshan near Shanghai. Schloeman-Siemagd i rector Kurt Liefeld told a seminar the contract for the plant, which would have an annual production capacity ofReuter. - 252 words
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Article65 1979-03-14 8 Reuter. THE AMERICAN Stock Exchange said It will expand facilities to provide space tor eNitraetfw ot three permanent commodity rings en Its trading Deer fer the Amex Commodities Exchange. The rings, at the northwest end of the fleer, will he made available by relocating member firm beethn toReuter. - 65 words
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156 1979-03-14 8 Reuter. AMERICA'S eighth largest bank, Bankers Trust Company, has ——i a management reshuffle ta (mu Ito attention mare on large compaalea than individual customers. Bankers Trast, with aaeb of I 5K4.4 billion, had already announced II was aelllag Si of Its branches laReuter. - 156 words
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654 1979-03-14 8 TOKYO Source: DBS-Daiwa THE NIKKEI Dow-Jones average yesterday declined for the first time in five days, because some institutional investors took profits on forerunning blue chips. Generally, most investors, including foreign investors, continued to sit on the fence owing to the current cloudedSource: DBS-Daiwa - 654 words
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Article317 1979-03-14 8 THE MARKET moved into higher ground yesterday with an almost carbon copy performance of Monday. The same shares were sought after again Cheung Kong touched HKJIO.SO, SHK Props $8.50 and Jardine $12.10. The property shares were off the top by the close on nervous profit-taking as the index moved317 words
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Article281 1979-03-14 8 STOCK prices yesterday closed firmer with further gains by the oil issues and selected coal stocks highlighting a day of active trading, dealers said. MAR 13 Cent* INDUSTRIALS A. C. 1 IB unci) A. N. L 171 1 A. P M 123 3 Ampol Pet 76 unch HHP 1130281 words
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Article232 1979-03-14 8 MAR 13 BahU Asia Credit 338 -12 Asia Fibre 231 -4 Ayuthaya In* And Tnut 1(1 -2 Bangkok Investment Bangkok Bank Bangkok Drying Ann Silo H 382 unch Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia Bank Of Ayudhaya Ltd (30 234 38 -2 Bata Berll Jucker232 words
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Article124 1979-03-14 8 THE market closed lower across the board yesterday, with turnover (ailing to 8.4 million pesos from Monday's 12.1 million, dealers said. MAR 13 Pesos Aco)e Mining .0088 unch Atiu Con A A tlx Con. B. Z' 22 BO -01 Bagulo Oold 01 unch Bencuet Con B BF Goodrich »2S124 words
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Article61 1979-03-14 8 FINANCIAL TIME8 INDUSTRIALS Monday 510.3 Friday 515.4 Week Ago 484.6 DOW JONES AVERAGE INDUSTRIALS Monday 644.08 Friday 842.86 Week ago 827.36 LONDON DOLLAR PREMIUM Monday 82 to 824. Friday to 80 H.K.HANG 8ENG Tuesday 538 21 Monday 535.01 Week ago 533.67 SYDNEY INDUSTRIALS Tuesday 491.09 Monday 490.81 Week61 words
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Article1371 1979-03-14 8 NEW YORK STOCKS overcame some initial weakness on interest rate worries to finish mixed in moderate trading on Monday. Analysts said the improved tone in the afternoon resulted from some moves by the Federal Reserve that eased fears it was tightening credit again. Also,1,371 words
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Article224 1979-03-14 8 MAR 12 C* AblUbl 1»S Alcan 45« ■f S Algoma 27 Si Bank Mont 23» Bank Nova Scotia 23 L unch Bell Tel Beth Corp BP Can Ltd 24 -s Brascan 21 3 Camp Red Lake 3#S V Can Imp Bk 2B Canpac 28 unch Canpac Inv Pf MHB224 words
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Article290 1979-03-14 8 MAR 12 Rand INDUSTRIALS A Alpha 14* -2 A be r com 230 -15 AE And CI 430 5 AMIC 1200 10 Barlows 525 unch Cg Sugar 580 unch CNA 190 Currfte Finance n unch De Beers Ind Edcon 355 Edgars 3900xd -100 Eve ready 280 unch Fed Volk290 words
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EUROPEAN MARKETS
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Article188 1979-03-14 8 MAR 12 Francs Action! Sulsses 296 Alusulsse Br. 1410 -15 Alusulsse Reg 573 -X Brown Boverl Br 1830 unch Clba Geigy Br 1206 -30 CIDa Getgy P C 960 unch CIDa Ocl(y Rh Credit Suisse Br 865 -1 2320 -30 Credit Suisse Reg 445 -A Elektrowatt Br 2030 -15188 words
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Article214 1979-03-14 8 MAR 12 Fu ABM 3M00 1 Ahold 122 00 unch Akxo 2S 90 -1 AMEV 90-30 unctl Am tmm 1U8.70 -04 Am rot Bank 78.10 -02 Bercoa Bert 53 50 M 50 -04 -04 Bolt 67 50 -04 Borsumlj 156 00 -4 Burhmann 71 JO •14 Byenkorf 85 00214 words
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Article95 1979-03-14 8 MAR 12 Fr» fOKWAKI) MARKET Acac MO unch ArtWd 2380 *|fc Aitur an -16 Braacan S3R t| Bru-Lamb 1730 *5 Canptc M9 unch Cock 518 unch De Been 219 3 Ebes 2435 -5 Elecu-obel 0010 10 Ob-Inno-Bm 2520 unch n~ 1390 4-4 Hobo* 3010 •30 Petro 3880 •IS Rjrl95 words
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Article215 1979-03-14 8 MAR 12 Don Aef-Telefunken 82 00 -OS Akio M70 -0 9 A1U Leben MO 00 -8 Alii Ven 485 00 unch BASF 138 OOB Bay H T Wbank m.00 -IS Bay Vbank 282 00 -s Bayer 130 40 but SHOO -8 BMW 223 JO •1 Caaaella Chem Votw BOA215 words
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Article89 1979-03-14 8 ES R 12 Ure C 37 auoc u«n ***** Baitofi Mi -17 Ccntrmlc 4830 -to rut ax 34 nruiocr Ocn Immob •1 f urvcn 1 in Pn 2M IL&Jcemcnu 2K3 IUI tm Kt uncfi lUlitdcr 440 1 Magncll M PI Mi i ia Martin Err JM 1 -i Mcdtob89 words
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Article137 1979-03-14 8 MITSUI and Co. has signed an agency contract with Rockwell International Corp. allowing it to arrange experiments by private Japanese companies aboard US space shuttle (lights. Mitsui said its contract with Rockwell puts the Japanese trading company in charge of handling all commercially-based Japanese projects137 words
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Article144 1979-03-14 8 AFP. THE BOEING Aircraft Company has sub-contract-ed the manufacture of components of its new 676 plane to Vought Corporation. a subsidiary of LTV Corp. and to Canadair Limited, of Montreal. Vought will make rudders for the twin-Jet. Canadair will supply the rear section of the fuselage. This willAFP. - 144 words
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Page 8 Advertisements
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Advertisement166 1979-03-14 8 A gathering of top executives I I x\\v\ l'ht> lIARYVRI) that will change the you think. ,1 a E* l>,'Y W. The Harvard Business School Alumni Club of Malaysia is organising a Senior Executive Development Program The Program will be conducted along the lines of the well known case method166 words
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BANKING AND FINANCE
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938 1979-03-14 9 COLIN CHEE - BANKERS AGGRIEVED BY MAS By COLIN CHEE The Monetary Authority of Singapore's (MAS) rediscounting scheme for exporters has been welcomed, much used, but also much maligned by critics. As a cheap source of financing for local exporters, the scheme has, perhaps, become victim to its938 words
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301 1979-03-14 9 Reuter. A WEST GERMAN Finance Ministry spokesman confirmed that the central rates of European joint float currencies will remain unchanged in the European Monetary System, which started yesterday. The rates for the other three EMS member currencies (the French franc, lira and IrishReuter. - 301 words
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181 1979-03-14 9 Reuter. THE UNITED STATES will be happy to cooperate with the European Monetary System to help it achieve its goals. US monetary sources said the EEC had given assurances over areas of the system which had had been troubling American monetary authorities, mainly onReuter. - 181 words
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185 1979-03-14 9 Reuter AMERICAN financial institution regulatory agencies said they are eliminating the higher rates thrift institutions can pay on sixmonth money market certificates when treasury bill rates rise above nine per 4 cent. They said they are also prohibiting the compounding of interest onReuter - 185 words
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398 1979-03-14 9 Reuter THE US Federal Reserve is likely to continue its tight control of the money supply, despite the continued moderation in the monetary aggregates which might indicate an easing is in order, analysts said. The New York Federal Reserve bank reported US moneyReuter - 398 words
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Article87 1979-03-14 9 A SYNDICATE headed by Salomon Brothers said It tentatively priced US$l25 million (aboot BSTO million) of Municipal Assistance Corp of New York (MAC) bonds. The offering consists of $1M million of term bonds dne 1888 and $25 million of serial bonds dne 118$ to IMS. Salomon87 words
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Article337 1979-03-14 9 Reuter. AN ISSUE denominated in European Units of Account (EUA) for an Italian borrower is planned, probably for next week, and should be the first of a series of several such issues, informed primary market sources said. The sources, who did not name the borrower, said theReuter. - 337 words
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Article383 1979-03-14 9 AP THE UNITED States has no need now to issue bonds payable in yen, according to Teiichiro Morinaga, governor of the Bank of Japan. Morinaga said the United States has already obtained the yen it needs to repay short-term yen advances made to itAP - 383 words
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MONEY AND EXCHANGE$
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Article243 1979-03-14 9 SINGAPORE gold futures yesterday closed narrowly mixed after fluctuating marginally throughout the day in light trading, dealers said. Turnover fell to 212 lots from Monday's 341 lots with activities centred in April, June, August and October, they said. April closed higher at U*****.70 90 an ounce compared with $242.30/80243 words
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Article507 1979-03-14 9 THE US dollar saw sustained strength on the foreign exchange market yesterday. Against the yen, it was traded on the high side, except for a momentary dip below the 206 level. Opening at 206.15/25, up from its overnight level as a result of continued buying support, the US507 words
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Article264 1979-03-14 9 STERLING yesterday rose to U552.0415 20 in late trading from New York's 2.0380/ 90 close and its opening around 2.0375/96 here. Some dealers said the currency firmed on strong commercial demand, while others speculated that the unit's rise may have been caused by one Far Eastern central bank purchasing264 words
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Article185 1979-03-14 9 Asian rates ASIAN currency deposit Interbank rates as at close on March 13: US Dollar* (Spoil Offer Bid 7 days 10 7/18 105/18 1 month 10 0/18 10 7/16 2 months 1011/1610 0/16 3 months 10 15/16 10 13/16 6 months 111/16 1015/16 0 months 111/16 1015/16 12 months 11185 words
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Article53 1979-03-14 9 Range of prices offered by discount house* on March 13: Overnight 4's^« Call deposits 4'»?» to 4' t'/i Closing Buying Selliaf 3 month Treasury bills 4'; 4 J 3 month Bank bills 7 11/16 7 9/16 3 month CD 7 3/16 71/16 6 month CD l'» 7'« Source: National53 words
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Article21 1979-03-14 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.21 words
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Article66 1979-03-14 9 QUOTES On the Australia and New Zealand exchanges on March 13: AUSTRALIA: US dollar 1.1244 1.1196 Sterling 0.5636 0.5472 Ninety-day airmail buying rates: Sterling 0 5749 1 1636 Ninety-day forward buying rates: Sterling 0 56S3 US dollar 1.1322 NEW ZEALAND: Reserve Bank midrate US$1 0658 Trading Bank indications: Sterling66 words
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Article49 1979-03-14 9 FRANKFURT exchanges opening quotes on March 13: US ***** 70 (***** Can 1.5825.45 St* 3 785 796 D F1 92 49/59 S FY 110 75 85 Ut 2.191/201 F Fr 43.42/53 N Kr 36.40/50 B FY (con) 6.308 318 B Fr (fin) 6.23 24 Yen 0 8990 W1049 words
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Article231 1979-03-14 9 THE US dollar for overnight delivery yesterday closed at 206.00 yen, unchanged from the opening but up from 206.60 at Monday's close, after easing from 206.35 on strong central bank intervention. The Bank, of Japan sold an estimated US$llO million at different levels between 206.00 and the day's high231 words
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Article198 1979-03-14 9 STERLING yesterday gained another 0.1 on its effective index to open at 65.1 and rose sharply 'to U552.0450 55 shortly after opening at 2.0415/20, compared with 2.0409/14 overnight, while the dollar opened higher against most other major currencies. Sustained interest in sterling sent it higher against most other currencies.198 words
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Article446 1979-03-14 9 Reuter MAJOR Japanese city banks expect to be allowed to issue up to 110 billion yen each of new certificates of deposit, informed banking sources said. The Finance Ministry, which is planning to allow the launching of a yen CD market early in the spring,Reuter - 446 words
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Page 9 Advertisements
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Advertisement108 1979-03-14 9 ACCOUNTANTS, AUDITORS, COMPANY SECRETARIES, MANAGERS, ADMINISTRATORS, BANKERS, STATISTICIANS. The fast growing industrial and commercial sectors of this region are constantly looking for professional men and women to fill such challenging and highly paid posts. Do you have the qualification to fulfil any of these roles? If not then ACT NOW.108 words
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1187 1979-03-14 10 'In .--Singapore BID and offer price* officially listed ud burtw in and reported to the .< Stock Exchange of Singapore yea- terday with the number of lham traded shown in brackets tn lots o< I.OSO units itnkaa otherwise specilied. All Time Settlement1,187 words
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Article162 1979-03-14 10 SINGAPORE UNIT 1BU (Managers' prtoM tar Mm TV Commerce 2.15 The Saving Fund l.M S pore Prog Fund 0 M S pore Sec. Fund 1.74 S'pore Invest Fund 1.8 S pore Equity Fund 1 00 8T M) UB 1.31xd on 1.85 1.29 L86 ASA UNIT' (Mi—f'W prtBH Mai162 words
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Article2549 1979-03-14 10 a Gr'» Gr"e Net 1978/79 Company Last Div Div YTd P/E Vol Day High Low Sale or- C*r (*000) High Low u SECTION ONE INDUSTRIALS 272 132 Ac ma 214 unch 12. ON 15 5.6 235 2 214 214 WO* 123* Alcorn 180 -8 10.0 25 552,549 words
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Article107 1979-03-14 10 4 1/2% 1/B'Bo (250.000) (***** 90 406) 4 3/4* 1 &/9/80 (250.000) (98.578 *****) 5 1/4% 1/3/81 (250.000) (100.188 100.288) 6* T P 15/4/81 (250.000) (99.618 *****) 5* T F 1/5/83 (250.000) (100 108 *****6) 6% T r 13/11/84 (250.000) (*****8 *****S) 6 1/4* T K 15/4/B1 (250.000)107 words
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Article1331 1979-03-14 10 BID and offer prices officially listed and Nirinf 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. INDUSTRIALS AJtiKxnoto (1668 1745) (1) 2.68 Atoasi (I KS) Alas BaM (1J86)1,331 words
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Article243 1979-03-14 10 CiMiklitnd Betels Lid: AGM to be held at 5th Floor, Peninsula Hotel, on Mar 16. Kaala Laipar Kepsag BM: AGM to be held at The Malaysia Room, King's Hotel, 91 Tambun Road, Ipofa at 12 noon on Mar 17. MmMm (M) BM: AGM to be held at Phi#243 words
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Article, Illustration701 1979-03-14 10 AFTER INITIAL weak■ess, ahuc prices levelled •0 ea the Btoek Exehugt ef fßagapare ywtwfcy with Inm paetei lew a wide treat. The market met wttk selllag at the apualag keO ea «4en carried ever (ram the prevlea* day. By the etoee,701 words
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501 1979-03-14 10 "CONDITIONS were largely dull and listless on the Kuala Lumpur stock market yesterday as prices drifted to a slightly easier close. Incentive-wise, there was hardly anything in the market and traders marked time. As a result, trading tempo slowed considerably. The market, commented501 words
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COMPANY NEWS
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1083 1979-03-14 11 MANO SABNANI - All the cards that Sime Darby can play have been played and the positions of the major parties have been revealed. MANO SABNANI examines the postures of the protagonists and ventures a likely outcome. MANO SABNANI WITH almost 30 per cent of Guthrie Corporation's1,083 words
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186 1979-03-14 11 Reuter THE DEVELOPMENT Baak of Singapore Ltd. (DBS) said a major shareholder, owning 49.12 million shares in the company has undertaken to subscribe its entitlements of 12.28 million shares, resulting from its proposed oae-for-foar rights Issue at 553.5« per share. The balance ofReuter - 186 words
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Article, Illustration1701 1979-03-14 11 DAVID CHOW - The beer giants, Malayan Breweries and Carlsberg, are gearing themselves yet again for another battle royal this year. How well each can expand its share of the beer market will have a bearing on earnings. DAVID CHOW reports. DAVID CHOW EXCITEMENT is stirring among the three1,701 words
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Article467 1979-03-14 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Wilkinson 14% Mar 17 Mar 19 Mar 27 21% 16% B Kawat 6%ITE Feb 28 Mar 10 Mar 28 8%TE 10(a)TE Sri Nut 10% I Feb 28 Mar 10 Mar 31 10%467 words
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Article124 1979-03-14 11 Company Particular* Ex Date Book* Close Nat Iron Bonus Issue of 1 for 2 Mar 22 Mar 29 DBS Rights Issue of I for 4 t $3 50 per share Mar 27 AprS Dunlop Eel Bonus Issue of 1 for 5 Apr 8 Apr 30 P. Products Bonus124 words
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Article362 1979-03-14 11 §ffI®(SCL« by HOCK LOCK SIEW OF LATE, mlalag stocks have ken mnrM very gnl sappert with IS imei passlag lato plat territory last week. Galas raagel frem fear coats to |IJ9. The Uneit gala seea la Malayaa Tla was well jastffied, eeasiderlag Its kaeyaat half-time reealts aaiby HOCK LOCK SIEW - 362 words
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Article64 1979-03-14 11 Hotel has re- ported a 60 per cent increase in pre-tax profit to $2.49 million for the financial year ended Sept 30, 1978. The company is to pay a first and final dividend of 10 per cent against 5 per cent in the previous year. In the coming64 words
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Article119 1979-03-14 11 has again more than doubled its pretax profit to $2.56 million for the year ended Sept 30,1978. The directors have recom- mended the payment of a i dividend of 10 per cent com- 1 pared with 5 per cent in the previous year. I The impressive results for119 words
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Article46 1979-03-14 11 has informed the Stock Exchange of Sfftgapore of the purchase of 2,000 management shares of $1 each by a director of the company, Mr. Peter Lim Heng Loong, at the market price of the ordinary shares prevailing on March 5,1979. i&46 words
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Article60 1979-03-14 11 Unaudited pretax profit £17,890 (loss £35,329 revised) half year ttided Dec 31. Profit after tax an& extraordinary gains on disposal of land and fixed assets £4,480 (profit £234,99* revised). M Interim dividend fftree pence (1.5 pence) gross, payable April 13 to shareholders registered April 2.60 words
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Article105 1979-03-14 11 has turned in pre-tax profit of $3.7 million for the year ended Dec 31, 1978. At the company level, pre-tax profit amounted to $2.8 million. Profits after tax for the group and the company were $1.84 million and $2.05 million respectively. The directors have recommended a first105 words
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Article45 1979-03-14 11 Unaudited group 1978 net profit M 52.46 million ($1.84 million). Turnover 70.87 million ($55.42 million). Parent company net profit $1.58 million ($1.71 million). Final dividend 17.5 per cent (15 per cent) less tax, payable May 31 to shareholders registered on May 6.45 words
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Page 11 Advertisements
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Advertisement360 1979-03-14 11 FOR A HOME? Then look for it in Business Times classified property advertisements an easy to read guide to the available properties at the top end of the market. Home-hunters are especially catered for in the new LEISURE TIMES supplement that comes with Business Times every Saturday morning. If you360 words
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392 1979-03-14 12 AP Reuter TWELVE airlines have agreed to form an association of South Pacific airlines, the South Pacific Bureau for technical cooperation said in Fiji on Tuesday. The airlines met at the bureau's Suva headquarters and agreed to return for another meeting inAP; Reuter - 392 words
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567 1979-03-14 12 ME ROBERT Strauss, President Carter's trade ambassador, said conclusion of an international trade accord may be reached in April, or later than expected. "We believe that in April the chances are very good the European Community is prepared to initial it at567 words
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116 1979-03-14 12 UPI. CHINA yesterday broadcast its first televised scenes of Chinese troops withdrawing from Vietnam with Vietnamese hugging and thanking them for food and medicine they received. Peking Television sold the picture to be shown to the outside world including Hongkong and Europe via satelliteUPI. - 116 words
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300 1979-03-14 12 THE SINO-Vietnamese conflict, which escalated again militarily over the weekend, is unlikely to end with the Chinese withdrawal, official reports indicated on Monday. Hanoi again claimed Chinese forces were moving border markers further into Vietnam and their intelligence sources said Chinese troops were setting300 words
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245 1979-03-14 12 MELODIES LTD., a firm •f real estate developers, Is salag S teaaats sf fear blacks mt Oats la Pasir Paajaag Hill for nMales laeaired by the linn aa repair aad malateaaaee wark la the estate. The firm's lawyer, Mr. Deals Marphy, whe Is245 words
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Article78 1979-03-14 12 Reuter MALAYSIA welcomes Vietnam's proposed plan to regularise the departure of Vietnamese wishing to resettle elsewhere as a step towards reducing the refugee problem, the Malaysian Foreign Ministry said yesterday. A spokesman said this commitment by Vietnam would help reduce the problems faced by South-east AsianReuter - 78 words
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Article810 1979-03-14 12 LONDON, Tues. The market closed easier today in moderate trading after active profittaking in the morning, dealers said. Af 3 pm the Financial Times index was down 8.7 at 510.6. Government bonds were as much as 5/8 lower additionally, affected by inflation worries. Dealers said the banking figures810 words
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434 1979-03-14 12 THE PRESIDENT of the United Arab Emirates said on Monday the oil states must take a "moderate position" on price increases to avoid placing a financial burden on the developing countries. In an interview with the French, newspaper, Le Monde, Sheikh Zayed434 words
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105 1979-03-14 12 Reuter ABOUT 200 oil experts from 42 countries began a five-day conference in Mexico City on Monday to map out a plan to establish petrochemical industries in developing countries. The conference, sponsored by the United Nations Industrial Development Organisation (Unido), will consider setting up a workingReuter - 105 words
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Page 12 Advertisements
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Advertisement251 1979-03-14 12 SEMINAR ON EFFECTIVE COMPUTER OPERATIONS MANAGEMENT Len Kreuter Leonard Kreuter is conducting for l/ACT in Asia, his internationally acclaimed seminar on Computer Operations Management 20 years of specialization in this field resulted in the development of this seminar which highlights problems and solutions in these key areas of Operations Management251 words
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Advertisement82 1979-03-14 12 This Announcement appears as a matter of record only NEW ISSUE MARCH 1979 U5530,000,000 Negotiable Floating Rate U.S. Dollar Certificates of Deposit Due Bth March 1982 Managed By DBS-DAIWA SECURITIES INTERNATIONAL LIMITED BNP-DAIWA (HONG KONG) LIMITED THE NATIONAL COMMERCIAL BANK (SAUDI ARABIA) This Announcement appears as a matter of record82 words
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Page 12 Miscellaneous
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Miscellaneous56 1979-03-14 12 Outlook for Singapore from 6 a.m. to noon today: Fair Report for 24 prior to 1.3$ p.m. on March IS at the airport. Maximum temperature 32.4 Associated humidity 66 Minimum temperature 23.8 Associated humidity 97 Hours of sunshine 5.95 Rainfall in millimetres Trace Total rainfall for the month 46.2 Total56 words
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SHIPPING TIMES
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PORTSIDES
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Article121 1979-03-14 13 Reuter MOVEMENT of ships in and out of the port in Bombay continued to be affected by an indefinite agitation launched by maritime officers belonging to the Maritime Union of India. They are protesting against a Bill which became effective last week prohibiting merchant, naval officers fromReuter - 121 words
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Article46 1979-03-14 13 Reuter ANOTHER 24-hour strike by dockers in Paris has severely disrupted all major French ports, apart from Le Havre on Monday, Transport Ministry officials said. The unions, who struck for 24 hours on March 5, are protesting about holiday arrangements and pay. ReuterReuter - 46 words
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Article84 1979-03-14 13 UPI THE Soviet Union and the United States have reached an agreement on cooperative marine cargo insurance coverage between the two countries, the National Association of Insurance Brokers (Naib) announced on Monday. Previously, Moscow tightly controlled insurance on cargo going into or out of the Soviet Union, accordingUPI - 84 words
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565 1979-03-14 13 LIMITED COASTAL TRADE THE FUTURE for Singapore shipowners lies in their willingness to move out of the coastal and regional trade and venture into the international shipping scene. This is necessary if they are to survive the current shipping slump worldwide, compounded by565 words
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Article175 1979-03-14 13 UPI BUSINESS tended to concentrate in the western hemisphere "where timechartering clearly out- stripped voyage fixing in terms of volume. Charterers displayed a very definite preference for tonnage in European waters to cover North American export business on a time-charter basis. Thus, round voyages remained popular. Portuguese interests,UPI - 175 words
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Article, Illustration232 1979-03-14 13 ONE OP Ike world's largest liquefied gas carriers, Ike Norauui lady, built in 1*73, returned to Sembawaag Shipyard far Ike lee—d time last month for decking and repairs. Owned by Leif Hoegh ft Co, tke &3,tM dwt, LNG carrier underwent extensive underwater repairs, special sarvey and overhauling232 words
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2146 1979-03-14 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of2,146 words
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Article529 1979-03-14 17 •ACS n 5 Afea IV 3 Aguila V 2 Alfred V 3 All trans V 1 Alpac IV 5 Angkutan IV 4 ANL I 1 APL m 2 Arva Nat n 5 ASCL m 5 Asia Merchant IV 3 Atlantic V 4 AustCont IV 5 Bank n 5 Batam529 words
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Article907 1979-03-14 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 the907 words
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Article894 1979-03-14 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. Alpac894 words
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Article1614 1979-03-14 18 NYT WORLD shipping has long been in disarray, plagued by overcapacity that has sent rates for tankers and bulk carriers plunging and put some shipowners in bankruptcy. But amid the gloom, one facet of the industry, container shipping, has been glittering, and no one hasNYT - 1,614 words
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Article, Illustration320 1979-03-14 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Dong Yun (1100) 18 Golden Season (0630 hauls after Golden Fortune sails) 44 Hudson Mara (1100) 18 Nedlloyd Serooskerk (0600 after Russelsheim) 3/4 Perak (after Rajah Brooke) 21 east Prima King (2359 after Kota Mulia) 8/9 State Of Mysore (1300 after Tai320 words
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Page 13 Advertisements
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Advertisement464 1979-03-14 13 I:\vrcff Lines THC MOST FaiQUIMT SAILINGS TO BANGKOK HONGKONG •JAPAN FUSAN. Cv«r«tt StMmaMp Corpn. t/A C>»»o»d C Wopwt I T»4 Hit* J* VtrMt Wfl JO 10) OCIC T* ***** 'J K«M Agantt VXSHIP CO tHO T* M772T V A RDIM A MAH Orient Overseas Co*Uci*tesi Line FUUY CONTAMERBED SERVICE TO464 words
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Advertisement230 1979-03-14 13 JSI SEALORD ANTAH m UASC UNITED ARAB SHIPPING CO (SAC) ■WaBBMMIHWWWI ARABIAN GULF WEEKLY SERVICE! I—i1 —i 1 Vessel S pore Loading for BN BASSAM U Jl/ BN Al ATHEEF 15/3 AHMAD AL FATEH fJ'J AL RAYYAN 14/4 BN AL MOATAZI4/4 M.FAR 1/5 BN AL ROOM 9/5 Dubai (26/3), Dammam230 words
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Advertisement435 1979-03-14 13 ■NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES n FAR-EAST/EUROPE ll'Jwur.i > ISED SERVICE 0 CHEF* 16 Mar SS BffiOGf 23 Kb' 0 RESEARCHER nHo N COMM. 5 *o< C. PAU. 13 Ap N PEARL 19 Apr C ROZE 26 Ap uawrn 2 May ft P Aeiant f Slow Havre435 words
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Advertisement825 1979-03-14 13 SHOFUKU LINE fro# Septae Strait* 1 See Pege IV Column 3 for Soilings S POH{ AGINT SHOEt'KU AGENCIES iSt PTE LTD 2CTM fIOOB OCfAN BUIiniNG S'NGAPORf 1 MARKETING *****/ 13 LINtS I 'G{ N{ RAI 9111 ~i t At.s TtL'V RS 7«S9'i HS :SM>B A H CARShiP iJBII ,w|l| M825 words
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Page 14 Advertisements
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Advertisement704 1979-03-14 14 7 FUIT CONTAMERBED TO EMOTE lytn Hkpß* C»d«aibT Kawfi Ma* EXPRESS CONVENTIONAL TO EUROPE S |Mr« Plibai to Bfcae Stnea Ht>| Brww* Rdam Antotrp Etta fcduwn IS/3 20/3 23/3 1/5 29/4 22/4 20/4 M>t> 21/3 22/3 25/3 24/4 25/4 5/5 3/5 30/4 28/4 FULLY CONTMNEMSCD TO GEJDA/TRESTE twun Eiprns S704 words
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Advertisement370 1979-03-14 14 Nut Arm* "T* NT 6JS-* (PJL 11-17/1) 24-2» (PA. 22-23/3) Tc US ATLANTIC US GULF EAST CANADA m a KIT LOADER "TN mtT £.3S-K/kb> IS (P. 14-17/3). "tDN •Cjfc/lM* HLANAH 12/5. P-CLANS 3-4/5. STOK 5-7/5. •MM LONMC N (MM. IMa m I—lMB—ft From: CANADA/USA Pacific Coast 7/1 21/ U/( 23/370 words
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Advertisement620 1979-03-14 14 EVERGREEN LINE FAR [AST EUROPE EXPRESS FULL CON7AINFR SERVICE ACCEPTUG CARGO FO* HAMBURG. FELKSTOWC. ROTTERDAM. ANTWERP L£ HAVRE ALSO ACCEPTMG CARGO FOR UMTEDHMGOOM SOUTHAMPTON LONDON. MANCHESTER. BIRMMGHAM BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY ftK'MEftHAvfN HOLLAND AMSTERDAM Sp» f**H DaHm4m Uwf If I !m> MM 29 Apr l J lb, 21620 words
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Advertisement915 1979-03-14 14 I Everett A/'/>cv Bwaa Five Star Sfciypiei Cerpw. 'BURMESE NATIONAL LINE" mstmeikwrm bpt/ISI BFSSC Agents m Malay** TEPS MALAYSIA Port Katong TaT (38) 7366 PanaogTal 6214T/***** NavmcMa IfMlhwlal S. A. C.I. F. "ARGENTINE NATIONAL LINE" > I E^ IQMWC FOR ENSENADA MAN2ANLLO ACAPULCO ACAJUTLA CONHTO SMI JOSE PUNTAAENAS (COSTA MCA)915 words
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Advertisement742 1979-03-14 14 '"I 1 ~li r mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM *****103 2 IST F LOOR MARINA HOUSF SHENTON WAY MISTRI ROAD SINt.AF'ORf 2 TFI *****44 7 *****70 131 SANKYO LINE AUSTRALIA SERVICE TMCESTM. HUT MEE2E MAY SKY—imy cm... Sated hi Pert BRO. SYD, MEL 19/21 Mar 17/11 Mar SYD.742 words
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Page 15 Advertisements
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Advertisement637 1979-03-14 15 occ Overseas Containers Limited contahshp sanxct to «/comtip»t KoaMu Ray HongKoug Eipreu lokyo Bar Benaldtr Cardjan Bay ><»|i hc< RShk Mam f to Marti tnerpual tar Sport ?0 Mar TtMar I) Apr IS Apr 24 Apr 30 Apr (Ma, CONIWNfRSHiP SERVICE FROM UK/CONTINENT '*»»4ay drat (Mwfti Cardfcaußay Kaug.Nau Outalay SINGAPORE637 words
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Advertisement1061 1979-03-14 15 fGRANARD LINE RELIABLE I DEPENDABLE NOW CONFERENCE EXPRESS SERVICE NEST BOWO-FAR EAST/MEOITEMUUCAfi MV MM TAT *22* SadeO kM' Opbout' PSatd Aletiandria Beirut Lattakia Pireaus Tripoli Benghazi MV MAN Ml 24* 29 M» 1 Apr k«U> P Sudan PS»d Mrundru Genu! limassol Lattakia Pireaus Tripoli Benghazi Istanbul M.V MM MNE V.2SN1,061 words
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Advertisement880 1979-03-14 15 uik+ BEN LINE CONTAINERS EXPRESS com MO SERVICE TO/FROM EUROPE HBURG B HAVEN RDM! HAVRE SOTON Sporr P Orma»r Austria fr«Kr MUK a/3 It/1 1V« 14/4 17/4 J/4 a/3 a/3 21/4 32/4 25/4 U/4 5/4 a/« 23/4 7/4 a/4 »/4 1/5 «/5 V 5 Cadf an by Kiiufi Mara Hm880 words
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Advertisement696 1979-03-14 15 Scan Dutch WEEKLY EXPRESS CONTAINER SERVICE ryj ni■>n 1: i i*i t i 4 *7i i i :ii: i»: irrv/i 2) Mam 3l Htot 4) Gta| <1 toato fwfc m»Mt tan» M »m++. P »«N EASTBOUND FROM MED/UK/NC/SCANDINAVIA I) Ctare ?> J) 4) «dam 5) l(Ni) V«*s P Aelar* Sport696 words
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Advertisement588 1979-03-14 15 EC*-f.p >r Q/)iinTP« r, SHIPPIMfi k kI I I Ite D *Vw k MGfcl' C THE BANK LINE LTD. LOWS FOR E. ft S. AFRICA M itnm lift. ■I S pore 27/31 Mai P >mo( 1/2 Apr FROM f AST I SOUTH AFMCA FOR BANGKOK MAMA Ptnong P Mm|3l Mar588 words
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Advertisement883 1979-03-14 16 TO EUROPE S port P Ma* TO CHIEF a SS BRIDGE ?0# a 0 Rt SEARCHER 6M »N CORAI 12W < PAUI 15W 3 Apr 4 Api 9 Apr 10 At* 15 Apr 16 Aw 23 Apr 24 Ape < PAU 15* Ili Apr 14 Apr I )0 Apt 1883 words
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Advertisement1024 1979-03-14 16 U.S.A./EAST CANADA SERVICE ACCOTMC Fa LCL CONTMMRS FROM PENANG P KCLAMG STOK Lm«* tar NEW TOR* MOM OIK fount 6Mm f Keiang Sm| E.C./GREAT LAKES SERVICE lOAOMG FOR NE* TOM NORFOLK BALTMORE PIMACILPIRA. MONTREAL TORONTO Penang Bdnif P Keiang Singapore 10 MYSORE (MOX M SQ) 20/21 Mb 17/ li Mb1,024 words
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Advertisement444 1979-03-14 16 roup SINGAPORE SHIPPING AGENCIES PTE LTD. KOOM OCEA\ BJiIO'NG SINGAPORE 1 VAR« f Ting 9i '122 ,3 UNESI GENERAL 9'3' M (14 LINtSI *EtE < W S ***** RS ***** A B CARSH'P *CABLE CARGOSHIP MIDDI.t hAST Rtt.LLAR I.ISLR A SAFE WAV TO SHIP BV SSA MAMRIU« *!L S >"444 words
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Advertisement533 1979-03-14 16 MALAYSIA* INTMNATK3NAL SHIPPINC CORPORATION BIRMAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA DIRECT CALL AT P HUANG Aho Acceplint For 1) Barcelona Genoa 2) Amsterdam Antwerp L Htrrt Bdbao Bask UK. 3) Bremen Bremenftaren Aarhus Copenhagen Helsinki 4) Malmo Stockholm Oslo EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT I| Man. S port P533 words
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Advertisement801 1979-03-14 16 t INTRfISEfI (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****11 2354C57 STRAITS/AUSTRALIA SERVICE FOR TUNER V 30.. Singapore P Kelang Loadng for: 25 Mar 22 Mar Sydney/Melbourne Me Utite arnuu (no iid iiutii mum ;jmh; ICO SWPME I lUDK 400(44 *****2. 480(71 ALPAC LINE SOUTH AFRICA SERVICE801 words
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Page 17 Advertisements
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Advertisement346 1979-03-14 17 m EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) S PORE PT KEL PENANG PT SUEZ FT SAD ALEX y»m*S Sided Omits Mx IS Mar 21 Apr 3 Apr 7 l*E U *pr IS May 4 May 10 Mai 16 0 Subjett346 words
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Advertisement290 1979-03-14 17 Cadt 2£td l[ WEST BOUNO 10A0WG FOR MUSCAT. DUBAI ABUDHABI. BAHRAM. KUWAIT ETA ETD EASTERN EXPRESS »SOW 1 Ap. 2 Apr «l FAR/U 921* 17 Mit It kbr EAST BOUND OtSCHARGRtG ONLY AL FARM V «7E 27M* 21 Mi. EASTERN ENVOY tgt 21 Apr 22 Apr SMGAPORE/CMTTAGONG- RANGOON SERVICE UNTO290 words
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Advertisement339 1979-03-14 17 ALFRED C. TOCPFER LINE REGULAR SERVICE TO MEDITERRANEAN PORTS OF HALT. SPAM, FRANCE TIBER SERVICE S pare P Keiaftf Dudurpnt Parts LOUCAS N. SaAed IS Mar Manfatcane CAPE KAMARt IS Mar Valencia. Salerno MARIVERDA 16 Mar tettafi ROSJNA TOPIC 19 Mar teddah MVEKSHM 4 Apr lettah BASEL IS Apr Valencia.339 words
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Advertisement273 1979-03-14 17 ~yGBN/~~ WrtSTAFRICA SERVICES CONTAINER BULK SERVICE TO LAGOS/APAPA, PORT HARCOURT, TEMA AM) MONROVIA VESSEL tapaa HKonf Sport Lagos FEEDER/MEMBERSW 2S Mar 19 May TO FlOW* 21 Mar 14 Apr 20 Apr 20 Mar A KSSEI 23 Apr 10 May IS Mar IS J» ACCEPTWG BOTH CONTAICKS AND PALLETISED CARGO FRATA273 words
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Advertisement290 1979-03-14 17 NOTICE m.v. "CHIDAMBARAM" VOY: 110 arrived Bth March, 1979. at P.S.A. God own No«. 42/43 General Survey of damaged cargo ex the above vessel will be held on Friday 16th March, 1979, a* from 0.00 a.m. to 500 p.m. No further survey will be held after this date. A|uU;R. JUMABHOY290 words
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