The Business Times, 22 March 1979
1979-03-22
1
18
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section11 1979-03-22 1 BUSINESS TIMES M.C.(P) No. 14C/1/7S THURSDAY, MARCH 22, 1979 50 CENTS11 words
-
BRIEFLY...
-
Article63 1979-03-22 1 THE retail price of bread is dearer by five cents a loaf from today. The new prices are 30 cents for a 200-gramme loaf, 50 cents for a 400-gramme loaf and $1.00 for an-800 gramme loaf. The Singapore Bakery and Confectionery Trade Association recently decided on the price63 words
-
Article43 1979-03-22 1 THE newly-created Ministry of Trade and Industry is to be located on the 39th floor of the Central Provident Fund Building at Robinson Road. Mr. Ngiam Tong Dow, chairman of the Economic Development Board, has been appointed the ministry's Permanent Secretary.43 words
-
Article71 1979-03-22 1 AFP KUALA LUMPUR, Wed. Malaysian Airline System (MAS) will continue with its flights to Frankfurt as scheduled following assurance of proper handling there by the West German Ministry of Foreign Affairs and the Ministry of Internal Affairs, the national newsagency Bernama reported today. An airline spokesman saidAFP - 71 words
-
Article74 1979-03-22 1 AP BANGKOK, Wed. Vietnam is ready to begin negotiations to normalise relations with China on March 29 if Chinese troops withdraw completely from its territory by March 28. A Voice of Vietnam broadcast said a Foreign Ministry note was handed to the Chinese embassy in Hanoi tedayAP - 74 words
-
Article40 1979-03-22 1 UPI MANILA, Wed. Philippine Trade Minister Troadio Quiazon Jr. said today the first voluntary pledges for a common fund recently agreed upon in Geneva will be made in May during a UN trade conference in Manila. upi.UPI - 40 words
-
Article54 1979-03-22 1 Reuter LONDON, Wed.— British Prime Minister James Callaghan will make a major parliamentary statement that may decide the fate of his struggling Labour government tomorrow. The timing of the next general election hinges on political reaction to his long-awaited announcement of government plans on the volatile issue dfReuter - 54 words
-
Article68 1979-03-22 1 AFP PARIS, Wed.— The National Iranian Oil Company (NIOC) has signed a letter of intent to supply 150,000 barrels a day of Iranian crude to Compagnie Francaise des Petroles (CFP), it was disclosed here today. The quantity to be supplied under the contract would amount to 7.5AFP - 68 words
-
Article52 1979-03-22 1 UPI NEW YORK, Wed. The stock market headed lower early today in moderately active trading. The Dow Jones industrial average, which lost 7.28 points on Tuesday, was off 1.81 points to 848.49 at around 11 am. Declines led advances, 541 to 398, among the 1,437 issues crossing theUPI - 52 words
-
-
Chief Price Changes
-
Article130 1979-03-22 1 Rises Most Active Petaling Seacorp 800 915 70 65 H Par 245.000 O C B C 875 30 Pahang Cons 238.000 I'td Plantation!* 251 21 Setron 216.000 M Banking 650 20 OCBC 170,000 SEAL 175 +13 Y H S 370 12 Total Turnover: 4.12m Lingui 150 12 Total Value:130 words
-
Article, Illustration143 1979-03-22 1 Rises Most Active SEA Corp 920 35 G Lumber 268,000 OCBC 890 30 Pa hang Cons 197.000 FE Lston 253 23 S Darby 145.000 D Keramat 1150 20 Consplant 143.000 FAN Titmoh 560 830 15 15 Total Turnover: 2.91m Lingui 154 11 Total Value: M$7.00m SEA Lumber 177143 words
-
-
Article1048 1979-03-22 1 TERESA LIM - REALISTIC RECOMMENDATIONS By TERESA LIM SINGAPORE'S new education system will be realistic and comprehensive if the recommendations of the Education Study Team are accepted by Parliament when the House takes a free vote on them. Dr Goh Keng Swee, the Deputy Prime Minister and1,048 words
-
Article138 1979-03-22 1 THE CARRYING OUT of Ike suggested education system will involve several steps. Bat, the Education Study Team warned, sufficient time mist be given to the Ministry of Education for the whole exercise. A crash programme will only lead to adverse public reaction. Careful planning and Implementation should138 words
-
597 1979-03-22 1 WANG LOOK KEAH - By WANG LOOK KEAH AUSTRALIA for the first time has agreed in principle to consider allowing Asean to participate in the new low fare scheme between Australia and Europe. This is the only firm commitment that Australian officials made at the end of the597 words
-
300 1979-03-22 1 THE Oversea-Chinese Banking Corporation (OCBC) graap yesterday aaaeaaced str«ag set ef praflt figures far 1118, atoag with a beans ud rights issae, aad a higher dlvidead paymeat. Graap net profits alter transfers aad miaerities raee !7J per eeat te $4t.2 milttea, while the beak300 words
-
482 1979-03-22 1 FONG MEW LENG - By FONG MEW LENG SINGAPORE will suffer from the employment retreat, a reaction in the labour force to large, highly structured business organisations, within the next two decades. The symptoms of such a reaction is a high rate of labour turnover even in a482 words
-
Page 1 Advertisements
-
Advertisement64 1979-03-22 1 THOMAS ROBERT ip W- A:AA»S Ml m. ONtSTtP Pi m AMfAD the trained specialist... y Vy i A THOMAS ROBERT BROKER 111 I, l| i! I- 1 i-i j.. rr, H I T i•. r ijf >y.| ,1 r i-i.ilf. >' 7>Je comprehensive spectrum of our topertise mc'uUr I -I64 words
-
Advertisement69 1979-03-22 1 SHIPPING TIMES PAN H weta PUlea's tectaieal PEOPLE la baataen....... 2 INDONESIAN tcwimy eaten a dKDcait pkaw 3 US earparate praflti surge HONGKONG eeaway te aver- heated WHAT'S a fair price far teekTHE haak rate baak wagen 9 MARKET talk with Chaa Baag CHAPTER Six ef the Edacattaii Repert...................................... It69 words
-
Advertisement183 1979-03-22 1 I Third Quarter 1978 ASEAN Business Quarterly The latest issue of the ASEAN Business Quarterly concentrates on some of the reasons why intra-ASEAN trade and industrial projects are having difficulty in getting off the ground. Professor Lim Chong Yah of Singapore University offers a personal, dissenting view of ASEAN Industrial183 words
-
TRADE AND INDUSTRY
-
Article584 1979-03-22 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 Mar584 words
-
Article, Illustration417 1979-03-22 2 SINGAPOREANS are buying substantially more greeting cards and board games, and their preferences are also more selective. A research carried out by Australia's largest commercial printing company, John Sands Holdings, into this market showed that the Singapore buyer displays international characteristics in417 words
-
340 1979-03-22 2 FONG MEW LENG - By FONG MEW LENG PAN ELECTRIC, a local electrical appliance manufacturer, is negotiating with Philco International, an American appliance maker, for a technical assistance agreement. Philco has sold its products here (such as refrigerators, washing machines and airconditioners) for the past 30340 words
-
Article72 1979-03-22 2 PAVEMENT Consultancy Services has been set up by Shell as a consultant to road and airfield authorities, contractors and consulting engineers on road and runway design and maintenance. The new company will charge clients full consult- ancy fees and sponsor its own workPCS will concentrate on the evaluation72 words
-
Article, Illustration531 1979-03-22 2 MR. H. D. S. Ellis, managing director of the Haw Par Group, yesterday announced the appointment of Dr. Tan Eng Liang as group general manager responsible for the travel, computer, insurance and pharmaceutical divisions as well as the group treasury function. Dr. Tan had a distinguished academic531 words
-
Article, Illustration296 1979-03-22 2 A GERMAN economist from Ruhr-University of Boehum will be here next month to conduct a two-day seminar. Professor Gerhard Schmitt-Rink will present two papers in three sessions. The seminar is sponsored by Goethe Insitut Singapore and jointly organised by the Singapore Chinese Chamber296 words
-
145 1979-03-22 2 AN eight-day promotion programme will be held for the first time in a European capital to sell Singapore as an "attractive and interesting tourist destination." The event, to be held from next Tuesday to April 3 in Brussels, is organised by the Singapore Tourist145 words
-
Article131 1979-03-22 2 NONE OF the five entries in last September's Lim Tay Boh essay competition won the $3,000 cash award. However, two of participants, Dr Chua Wee Meng and Mr Ole Johan Dale, will each receive $300 in recognition of their efforts. Their essays on131 words
-
-
Page 2 Advertisements
-
Advertisement132 1979-03-22 2 eatf -C .•Ssssr a m A m wm V Pi PAUL A sequence of twenty episodes in the life of Ayer Hitam in Malaysia, seen through the eyes of the resident American Consul. The whole spectrum of life in Malaysia is echoed, from adultery to murder, from ghost stories to132 words
-
-
Page 2 Miscellaneous
-
Miscellaneous579 1979-03-22 2 TWO-IN-ONE CROSSWORD 0 CRYPTIC PUZZLE ACROSS The end of Basil (5) Was it confused with girth? (5) A mine in California or Washington, for instance (7) Where you need a narrow boat (5) .••Letter to a friend from a girl (s)' Slept wrapped up in skins (5) Stately homes for579 words
-
-
REGIONAL
-
Article462 1979-03-22 3 Reuter CHINA will need US$l5 billion to $20 billion (Ss33 billion to $43 billion) in credits over the next few year to finance a $40-billion capital import programme, the Central Intelligence Agency said. The CIA reported in an analysis of the Chinese economy that Western moneyReuter - 462 words
-
271 1979-03-22 3 CHINESE Vice-foreign Trade Minister Liu Hsih-wen and Japanese businessmen have agreed that it is desirable to apply the deferred payments formula to some Chinese industrial plant import contracts with Japan. The Japanese Association for International Trade Promotion said Mr Liu, who is leading a271 words
-
Article210 1979-03-22 3 MALAYSIA has postponed indefinitely its proposed economic mission to Vietnam, originally scheduled for next month. The Malaysian Trade and Industry Ministry confirmed this yesterday, but offered no official reason for the decision. It is believed that the government decision is influenced by the current situation210 words
-
125 1979-03-22 3 AFP THE JAPANESE Ambassador to the Philippines, Mr Kiyohisa Mikanagi, has announced the availability of cheaper loans with longermaturity periods to the Philippines. Ambassador Mikanagi said on Tuesday that the loans granted under Japan's Official Development Assistance (ODA) would also leave to the discretionAFP - 125 words
-
Article89 1979-03-22 3 SEVERAL Malaysian firms have been appointed agents for a range of Italian goods, including furniture fittings, hand tools, building materials and ties. Although the present visit by the Italian trade mission to Malaysia was to sell, the leader, Cameroni, was confident that an investment mission would be89 words
-
300 1979-03-22 3 Reuter MALAYSIAN tin production has been cut over the past week by electricity supply problems in Selangor. A spokesman for the National Electricity Board confirmed in Kuala Lumpur that load shedding has been enforced in the state since the middle of last weekReuter - 300 words
-
142 1979-03-22 3 Reuter THE DECISION to keep Hongkong governor Sir Murray MacLehose at the helm was warmly applauded in the colony, the only complaint being that his extension of stay should have been even longer. Sir Murray, a lanky Scotsman and career diplomat who onceReuter - 142 words
-
Article, Illustration489 1979-03-22 3 A CYLINDRICAL solar water heater, the Suntrap, designed and manufactured by a small New Zealand company and marketed only last year, has aroused worldwide interest. Orders are pouring in. The company is Solar Products Ltd of Masterton, North Island, and the heater is489 words
-
Article304 1979-03-22 3 Reuter PHILIPPINE President Marcos said offshore oil supplies should provide 15 per cent of the country's needs by the middle of the year. But at a ceremony marking the first flow of offshore oil, he called on people to cut their fuel consumption urgentlyReuter - 304 words
-
Article209 1979-03-22 3 Reuter UPI JAPANESE Ministry of International Trade and Industry officials told Parliament Japan would be able to import about 500,000 barrels of crude oil from Iran daily. The officials told the Upper House Foreign Affairs committee Iran is now producing 2.5 million barrels of crude perReuter; UPI - 209 words
-
134 1979-03-22 3 THE THAI Cabiaet on Tuesday approved a Communications Ministry proposal for Thai International Airlines to resame regalar commercial flights between Bangkok and three Indonesian cities. Under an agreement made with the Mmentin government last Jaaaary, the Thai national carrier is permitted to fly134 words
-
716 1979-03-22 3 Reuter INDONESIA'S economy is entering a difficult period of adjustment to post-oil boom conditions. A World Bank survey team said in a report that declining oil production in particular will make it difficult for Indonesia to achieve a growth rate of more than 6.5Reuter - 716 words
-
122 1979-03-22 3 THE INDONESIAN government is now building four industrial "mini estates" to stimulate wider popular 1 participation in the country's industrialisation. Disclosing the programme in Jakarta yesterday, the director of small industry, Mr Gito Sewojd, said the four centres will be laid out and designed122 words
-
139 1979-03-22 3 THE VICE Commissioner of the EEC, Mr Finn Olav Gundelach, has suggested that import tariffs be levied on Thai tapioca products to reduce such imports by the Community, said Thai Deputy Commerce Minister Prok Amaranand. Mr Prok said on Tuesday that the EEC is139 words
-
-
Page 3 Advertisements
-
Advertisement25 1979-03-22 3 Superb Northern Indian, Kashmiri and Moglai cuisine for the discriminating gourmet. The distinguished Indian 'Restaurant m the Vi <rlj I talker (rmivt *>^yu>n Tel: M/5W525 words
-
Advertisement162 1979-03-22 3 ¥jud like the best holiday value round Europe. Who cares? A care. British Airways US$4B2 for a minimum These prices are Sovereign Holidays to of 28 days with inclusive of air fare* and Britain, Spain, Majorca, unlimited mileage. are per person for twinPortugal, Greece and Alternatively, we'll bedded accommodation the162 words
-
-
RAW MATERIALS
-
638 1979-03-22 4 CHAN BONG SOO - By CHAN BONG SOO WHEN such a respected member of Malaysia's business community as Tun Tan Siew Sin lends his voice to the call for cartels to be formed among Third World countries, it is time for the developed world to take638 words
-
Article140 1979-03-22 4 Reuter PALM OIL traders in Singapore and Malaysia have reported unconfirmed rumours the Indian State Trading Corp (STC) signed a oneyear crude palm oil purchasing contract with the Malaysian Federal Land Development Authority (Felda). No comment or confirmation was available from Felda or the STC's Singapore office.Reuter - 140 words
-
Article271 1979-03-22 4 OPENING prices in Singapore yesterday were marked up 1.50 cents following firmer London advices but the market thereafter eased slightly on profit-taking and remained throughout the morning. After midday, however, the market advanced further on a fresh wave of buying from local and upcountry sources, dealers said. Turnover was271 words
-
Article403 1979-03-22 4 R A S. prices in cents per kilo yesterday Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt fob 256.00 256 00N 255.50 256 50N Int. 1 R.S.S. April 255.50 256 00 256 00 256 50 Int. I R.S.S. May 255 50 256.00403 words
-
Article121 1979-03-22 4 NOON SSR UK 1 SMR price yesterday < HAS April May (Carreat Mtfc) (Forward Mth) SSR 20 <1-1 Um pallet 1 Bayers Sellers Bayers Sailers 248.00 2S0.00N 249 00 251 OON SSR SO <1-1 ion pallet) 245.00 247 OON 246 00 244.00N MRELB SMRCV <1-1 14m pallet)121 words
-
Article30 1979-03-22 4 Rubber: March 21 Singapore: April: 256.00 cents (up 1.50 cents) Malaysia: April 259.50 cents (up 1.25 cents) Tin: $1,968 (down $8) Official offering: 173 tonnes (down 7 tonnes)30 words
-
Article303 1979-03-22 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 pet first class (Kangaroo) new crop 0 96, 100 pet second class 0.85, 100 pet third class 0.83, 25 pet new crop no stock, B-10 pet 0.75. THAI BROKEN: A-super 062, Special 0.36. THAI RICE: 56 pet303 words
-
Article70 1979-03-22 4 THE STRAITS tin price In Penang yesterday dropped another MsB to $I,KB per picul, to stand $2CB rlngglt above the International Tin Agreement ceiling. The market continued to ease following lower London advices on Tnesday and a lack sf buyers at higher levels, dealers said. A smaller volume70 words
-
Article373 1979-03-22 4 AT LONG last, the downtrend of pepper has been arrested. Following a fortnight of almost continuous mark-downs, the prices of all grades of pepper were marked up from $2.50 to $5.00 a picul. It is learnt from market sources that the improved sentiment was partly brought about by373 words
-
Article157 1979-03-22 4 TRADING on the sugar futures market yesterday continued the recent quiet trend with no trades registered, the same as Tuesday, dealers said. May closed at 8.48/53 US cents against Tuesday's 8.55/60 close, July at 8.79/84 against 8.85/90 and distant March at 9.80/83 against 9.84/90 cents. Sugar futures closing157 words
-
Article194 1979-03-22 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) CMtaa yam: China Blue Phoenix 20s 2.425 32s 2.965 40s 3.100 (per bale of 400 lbs). Pteee (nil: China Butterfly and Globe brand unq; Dragon Head anq; Five Lambs unq; Flower and Butterfly194 words
-
Article187 1979-03-22 4 CHICAGO soybean futures finished higher on Tuesday after extending gains late on mixed buying, some of it heavy. Prices ended 7 Vi to three US cents a bushel higher. The market rallied in the final hour when prices edged above morning highs, encouraging local purchases and commission-house buying. A187 words
-
Article70 1979-03-22 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated LONDON: TM PrfvttM Malaysian SHffa bulk per tonne May unch 684slr Sumatra 5% ffa bulk March "15pd 730slr April 697'?/700pd 710slr May 687' j June 692 pd 695slr unch 685slr July 672 ,pd 680s lr Nigeria70 words
-
281 1979-03-22 4 Reuter ONE OF four grab samples taken from the abandoned hillside copper mine workings on the Eastern Yorke Peninsula, South Australia, graded 602 pounds per short ton of uranium oxide. Pegmin Ltd reported in Adelaide that the same sample graded 3.2 per cent ofReuter - 281 words
-
Article251 1979-03-22 4 AP SRI Lanka has contracted to purchase 80,000 tons of Chinese rice at a price of US$2ll per ton, the Sri Lanka food ministry said on Thursday. The ministry's secretary, Dharmasiri Pieris, who accompanied Food Minister Sirisena Bandar a Herath on a rice purchase missionAP - 251 words
-
Article837 1979-03-22 4 OILSEEDS: Brokers reported very quiet morning trade yesterday for oils and oilseeds although price levels were steady mostly on the Chicago close. Dutch soybean oil was offered around one guilder above Tuesday's close while sunflowerseed oil, palm oil and crude rapeseed oils were indicated at marginally steadier prices.837 words
-
Article176 1979-03-22 4 WHEAT futures in Chicago on Tuesday closed mostly higher with the May contract showing a loss of one cent a bushel. Spot March was unchanged in liquidation trading. The gains ranged from 3/ 4 cent in the nearbys to two cents in the deferreds. Traders said there was heavy176 words
-
284 1979-03-22 4 Reuler BOUGAINVILLE Copper Ltd said it expects the rising trend in copper prices to continue. The company said in its annual report that despite the improvement in price in 1978, the price is still far from satisfactory, particularly when translated into theReuler - 284 words
-
-
Page 4 Advertisements
-
Advertisement245 1979-03-22 4 Business Times Special Feature BANKING AND FINANCE IN SINGAPORE -THE PAST AND FUTURE 'Banking: the Past and Future* is the theme of Business Times' second annual special feature on banking and finance, scheduled to appear on 17th April, 1979. This feature gives a comprehensive account of the past 19 years245 words
-
-
OVERSEAS
-
890 1979-03-22 5 NYT AMERICAN corporate profits surged by 26 per cent last year, fuelled by a yearend business boom that approached a 7 per cent annual growth rate. The Commerce Department reported on Tuesday the upward revision of earlier estimates of economic activity helped to explainNYT - 890 words
-
Article134 1979-03-22 5 AP US PRESIDENT Cuter plans to announce late this month a new energy plan that may remove controls from erode oil prices and tax excess oilIndustry profits, it was disclosed on Tuesday. House of Representatives Speaker, Thomas (Tip) O'Neill, said Mr Carter intends to consult furtherAP - 134 words
-
Article807 1979-03-22 5 ARRIVALS Service Local Operator Number Time From MAS MH682 0825 KCH SIA SQ101 0900 KUL MAS MH607 0900 KUL MAS MH621 0920 PEN CPA CX710 1005 HLP RBA BI323 1030 BWN GIA GA980 1030 HLP MAS MH605 1045 KUL SIA SQI03 1045 KUL SIA SQ209 1045 HLP807 words
-
179 1979-03-22 5 Reuter SWISS authorities have been urged to revise their tax laws after three major oil companies declared zero income last year on millions of dollars turnover. The Swiss subsidiaries of Esso, Shell and British Petroleum have said that, because of stiff competition, they sufferedReuter - 179 words
-
Article78 1979-03-22 5 UPI ITALIAN Premier-desig-nate, Mr Giulio Andreotti has formed a shaky centreleft government that most poltical observers said would lose its first parliamentary vote and lead the country to early national elections. Mr Andreotti presented his three-party Cabinet list of 22 members on Tuesday to President Sandro PertiniUPI - 78 words
-
Article40 1979-03-22 5 UPI EASTMAN Kodak has unveiled a new instant picture film that will produce sharper prints with improved colour quality in dramatically less time, its officials claimed. The Rochester-based firm also introduced three new instant cameras. UPIUPI - 40 words
-
Article172 1979-03-22 5 AFP BRITISH Minister of Agriculture John Silkin on Tuesday brandished the threat of a British veto on Monday in Brussels to prevent the European Economic Community (EEC) from increasing farm prices. Mr Silkin again flailed the EEC's common agricultural policy, which he regards asAFP - 172 words
-
Article, Illustration253 1979-03-22 5 PRESTEL, the British Post Office's viewdata system that gives telephone users access to potentially limitless banks of computerstored information via a television set, is said to be two years ahead of its worldwide competitors in technology and three to four years ahead of them commercially. The253 words
-
Article76 1979-03-22 5 AP THERE WERE 1.2 billion tourists throughout the world last year, said the secretary-general of the World Tourism Organisation, Mr Robert Lonati. He said on Tuesday in Madrid that when compared with the 460 million tourists in 1963, tourism now is developing rapidly. He also said theAP - 76 words
-
Article231 1979-03-22 5 UPI PRESIDENT CARTER'S special trade representative, Mr Robert Strauss, angrily denied charges by several Congressmen on Tuesday that he has sold out American small and minority business interests for a new world trade agreement. Members of the House of Representatives small business subcommittee on minority enterpriseUPI - 231 words
-
WORLD IN BRIEF
-
Article539 1979-03-22 5 Agencies PRESIDENT Carter, his aides and House of Representatives leaders joined forces on Tuesday against a proposed US7 million (5J14.7 million) cut in US aid to the Philippines, a congressman confirmed. Representative Lester Wolff said the White House told him he would get a letter from MrAgencies - 539 words
-
-
-
Page 5 Advertisements
-
Advertisement115 1979-03-22 5 A reminder that shows even a great legend can have its unusual moments. Clearly, when you own a Mercedes-Benz, you don't want to be stranded nor leave your car unattended in the unlikely event of trouble. Our hot line will help you out wherever you are in Singapore *****6. Seven115 words
-
-
428 1979-03-22 6 THERE were those who shook their heads when it was announced that a team of systems analysts, headed by Dr. Goh (then Minister for Defence), would swamp the Education Ministry and proceed to put it under a microscope. Systems analysts? What would they428 words
-
324 1979-03-22 6 PROFESSOR John Hunt's message is quite clear: Singapore should not allow its small companies to grow too big as this can only lead to high labour turnover and unemployment. Instead, what is to be encouraged is for these small companies to stay small and unattached324 words
-
1254 1979-03-22 6 V.G. KULKARNI - By V.G.KULKARNI IN SPITE of heavy lending, banks in Hongkong are awash with liquid cash. The increase in lending has kept the colony's stock market at levels higher than is realistic. And speculators and investors have taken advantage of credit to boost up1,254 words
-
Page 6 Advertisements
-
Advertisement216 1979-03-22 6 IPS 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 401216 words
-
-
Page 6 Miscellaneous
-
Miscellaneous17 1979-03-22 6 DTIStoW: FrarJc Di ckenS u3etcome TO tmc SR^TS SOCJRL CLUB PiNNUPiL Get&vl P cueses' 'Ml Xf CjOUMT17 words
-
Miscellaneous775 1979-03-22 6 RADIO Thursday's tripe ITS DAYS like Tkaradaya wklek make yM wmsm wky RTS ku to ipdl Tuesday's vlewlag at all. Any sf Ullgkt'l programmes (except tor Me ar two) ran ke takes •way »■< replaced permaaeatly wltkaat ■■die damage to aay viewer's pleaaarc. At Mtpm, Rkada aa eatertaialag but aat775 words
-
-
Article899 1979-03-22 7 MARTIN BAILEY - Notwithstanding the continuing embargo on oil supplies to Rhodesia, and the claims of the oil companies that they are guiltless, fuel is still reaching the country. In this article from the magazine, New Statesman, MARTIN BAILEY asserts that much of Rhodesia's supplies come originally from899 words
-
Article, Illustration838 1979-03-22 7 Technology can be bought but what is a fair price? The developed countries are just as disappointed in the hiatus in the transfer of technology from themselves to the developing countries, as the developing countries themselves are. It is in the interests of both parties for technology to move whereDepthnews - 838 words
-
Article282 1979-03-22 7 THERE IS a distinct difference in appearance between American newspapers and those we are more used to seeing in Singapore. My eye was first caught by the multiple headline arrangement (left) on a story in the Wall Street Journal, the leading business paper in the US.282 words
-
766 1979-03-22 7 Youssef Ibrahim - FOKUIU .with Youssef Ibrahim NYT THE UNITED STATES' relationship with Saudi Arabia, once a model of understanding and close coordination, has become clouded with question marks and, from the Saudi perspective at least, many unpleasant surprises. "We have been observing theNYT - 766 words
-
Page 7 Advertisements
-
Advertisement375 1979-03-22 7 2. v -y I -"j SSrajEfc *'ft j totoi s fiJ-^SaSi •COMES* ws Come, unwind yourself ofter o doy's work hond-clopping. feet-stomping, yodelling the works') A terrific, top-rote 3-piece bond entertains ot VANDA OAK the cosiest woterhole away from the city! HAPPY HOURS spm Bpm doily Generous 30% discount on375 words
-
-
INTERNATIONAL STOCKS
-
240 1979-03-22 8 Reuter AMERICAN Telephone and Telegraph Corporation, which boasts nearly three million shareholders, has reported that its net profit for the latest three months rose to US$l.3l billion from $1.2 billion for the comparable period a year ago. The world's largest publicly-held companyReuter - 240 words
-
266 1979-03-22 8 Reuter ATLANTIC Richfield Co '(Areo) expects to show a continued improving trend in net income in the coming year. Mr Joseph Downer, executive vice president, declined to forecast first quarter or full year earnings. In 1978, Arco earned US$6.6O a share, up from 55.76 in 1977,Reuter - 266 words
-
Article154 1979-03-22 8 INTERNATIONAL Tel©phoae ud Telegraph Carp nM It expects 1979 earslags to top last year's I SSCCI.B milliea ar UM per share. The eampaay alsa expects 1979 sales to set a reewi. lie eampaay reparted sales aad reveaaes of $15.21 btllton la 1978. Orders ea hand stead154 words
-
Article51 1979-03-22 8 Reuter TEXAS International Airlines president Frank Lorenzo said National Airlines has reversed its previous position and begun merger discusions with TLA. Mr Lorenzo said that National last week indicated it was willing to begin discussions between the companies' investment advisers. Those talks are now taking place.Reuter - 51 words
-
Article537 1979-03-22 8 NYT MACK TRUCKS said that it had agreed to sell a 20 per cent interest in the company for US$ll5 million to Renault of France, the government-owned car maker, as part of a deal whereby Mack will market Renault trucks in the United States and Canada.NYT - 537 words
-
Article124 1979-03-22 8 Reuter VEBA AG has achieved higher 1978 net pre-tax profit of 870 million deustchemarks (689 million). The company has proposed 1978 dividend of six marks per share (three). Net profit after tax and minority interests amounted to 176 million marks. Third party turnover came to 31.06Reuter - 124 words
-
80 1979-03-22 8 Reuter F. W. WOOLWORTH expects 1978 earnings to exceed substantially analysts' estimates of US$4 a share. Earnings for the fourth quarter, ended Jan 31, are also expected to be higher than the 12.34 a share earned in last year's fourth quarter. Woolworth said foreign currencyReuter - 80 words
-
Article20 1979-03-22 8 HARRISONS Malaysiaa Estates Ltd has declared u interim dividend af 1.5p (1.25p) fer the year ending March SI.20 words
-
Article1233 1979-03-22 8 NEW YORK STOCKS retreated in moderate trading on Tuesday as investors took profits amid concern about possible administration moves to curb inflation. Presidential aide Hamilton Jordan said high corporate profits were a topic of major concern on Monday at the Camp David conference on energy and1,233 words
-
Article211 1979-03-22 8 MAR 20 C* Ahitthi 19 unch Alcan 44 Algoma 27 Bank Mont 23 > unch Bank Nova Scotia 23 Bell Tel M"« Beth Corp BP Can Ltd I 24 unch Brascan K 1 unch Camp Red Lake 36 B r»n Imp Bk 20 t Canpac 27 Canpac Inv Pf211 words
-
Article296 1979-03-22 8 MAR 20 Rand INDUSTRIALS A Alpha 148 unch Abercom 245 unch AE And CI 455 AMIC 1350 25 Barlows 540 5 Cg Sugar 600 unch CNA )96 Curne Finance vn De Beers Ind 1525S Edcon 350 Edgars Eveready 280 unch Fed Votk 208 unch Fugn 110 Gardian Gienanl Gratemn296 words
-
Article165 1979-03-22 8 THE Manila market yesterday closed higher across the board but turnover fell slightly to 8.0 million pesos from Tuesday's 8.4 million, dealers said. Gainers were Atlas Con B, Baguio Gold, Lepanto B, Philex B, Seafront and PLDT while only Basic Petroleum lost ground. Unchanged issues included Landoil B, Oriental165 words
-
Article12 1979-03-22 8 THE Tokyo stock market was closed yesterday for Vernal Equinox Day.12 words
-
Article64 1979-03-22 8 FINANCIAL TIMES INDUSTRIALS Tuesday 505.6 Monday 509.7 Week Ago 506.6 DOW JONES AVERAGE INDUSTRIALS Tuesday 850.31 Monday 857.59 Week ago 846.93 LONDON DOLLAR PREMIUM Tuesday 73'i to 74'. Monday 75 T to 76'. H.K.HANG SENG Wednesday 552.87 Tuesday 559.39 Week ago 540.27 SYDNEY INDUSTRIALS Wednesday 488.40 Tuesday 49264 words
-
Article465 1979-03-22 8 NYT THE FLUOR Corporation's South African business a coal conversion project that accounted for about 13 per cent of Fluor's worldwide revenues last year of US$2.9 billion ($6.4 billion). came under attack recently at the company's annual shareholders' meeting in Costa Mesa, Calif. A resolution sponsoredNYT - 465 words
-
EUROPEAN MARKETS
-
Article193 1979-03-22 8 MAR 20 Francs Actions Suisset 300 unch Alusuisse Br 1400 10 Alusuisse Reg 578 -8 Brown Boveri Br 1830 10 Ciba Geigy Br 1280 -5 Ciba Geigy P C 905 -5 Ciba Grigy Reg 700 unch Credit Suisse Br 2380 -5 Credit Suisse Reg 448 •2 Elektrowatt Br 2070193 words
-
Article96 1979-03-22 8 MAR 30 Krs FORWARD MARKET A.W 429 Arbfd 2250 •35 AftUr an 684 22 Brawan 542 -8 Bru-Lamb 1725 unch Canpt 1 TO unch Cock 49$ •1 De Bffri 216 2 Ebet 2425 5 Electrobel 6870 -40 Gb-Inno-Bm 2500 5 Gev 1376 8 Hobo* 3010 unch Pftro 3010 1096 words
-
Article225 1979-03-22 8 A*f-Tel»funk»n (190 uncti Akzo 26 50 -OJ Alii Lrbf n 803 00 6 A112 vm 465 00 -4 BASF 136 JO 03 Bay H T Wbank 270 OOB Bay Vbank ***** -03 138 OOB BBC _Z WOO -6 BMW 228 00 25 (Murlla SIOOB unch Chem V>r» ***** 1.9225 words
-
Article103 1979-03-22 8 MAR 20 Lire Aruf *-S0 -i Assoc On 41 too ISO Ba\to<i (S3 -4 Crnlrak 4750 -85 Flat 2771 •10 finstder 1C -73 On Immob 76 IH Pn Z286 -S luiremtnti 1 2»450 -2200 Itaicas 1W -3 lulwlff ***** -5 75 M Pf aao -4 75 Murrlli Err m103 words
-
Article205 1979-03-22 8 MAR 20 Kk ABN 357 00 15 Ahold 122.50 -0.5 Akzo 28 30 -03 AMEV 92.50 unch Am las 112.50 23 Am rot Bank 76 80 unch Bergos.s 57 00 -03 Berk S3 JO -03 Bo is 60 20 1.6 Borsumij 156 50 -13 Burhmann 72.00 unch Byenkorf 80205 words
-
-
262 1979-03-22 8 EASTMAN KODAK camera sales this year should equal or better 1978 levels, J. Phillip Samper, vice president and general manager of Kodak's marketing division, said. Although Kodak will not say how many cameras it sold last year, the company last month said its 1978262 words
-
Article376 1979-03-22 8 Source: SHK Sec Ltd THE market's reversal yesterday coincided with a very weak Hongkong dollar and further warnings o( higher interest rates. This is the second time this year the market has failed to break through the 560 level convincingly and somewhat pa railed the Dow Jones. Persistant profit-takingSource: SHK Sec Ltd - 376 words
-
Article382 1979-03-22 8 ACTIVE trading in takeover target Kelvinator provided the main interest yesterday on the Sydney stock market, with most mining and industrial leaders easing on profit-taking, dealers said. Kelvinator rose seven cents to 1.81, while Email, which is bidding (or it, was unchanged at 1.10. Elsewhere, BHP led the losses,382 words
-
Article316 1979-03-22 8 THE market yesterday closed mixed to lower and in quiet trading, dealers said. Raja Finance fell 42 baht to 868, Bangkok Investment 24 to 268, Bangkok Insurance 24 to 900, Sermsuk 18 to 687, Thai Commercial Bank and First Trust 10 each to 500 and 328 respectively. Ayuthaya Inv316 words
-
-
Page 8 Advertisements
-
Advertisement155 1979-03-22 8 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 to be155 words
-
-
BANKING AND FINANCE
-
Article341 1979-03-22 9 COLIN CHEE - By COLIN CHEE A BATTLE for deposits among commercial banks appears to be looming. The Overseas Union Bank (OUB) yesterday raised its savings and fixed deposit rates to match the higher rates of some competing banks. The interest rate paid on its savings deposits341 words
-
259 1979-03-22 9 Reuter SOME major US banks have imposed sharp restrictions on overseas deposits by their foreign branches in the aftermath of the political turmoil in Iran. Sources in Tokyo said the uncertain political outlook touched off by the Iranian revolt caused some major US banks toReuter - 259 words
-
Article190 1979-03-22 9 Reuter BANK of Japan governor Teilchiro Morinaga said the central bank will parsue a cautious policy In coining months and pay special attention to price trends to prevent inflation. He told a committee in the Diet (Parliament) the possibility of inflationary sentiments spreading rapidly cannot be ruledReuter - 190 words
-
Article196 1979-03-22 9 Reuter THE YEN will remain weak for the next three or four L months, perhaps going above 210 to the dollar, but the tendency for it to appreciate will increase in the second half of the year. International Business Information Inc economist Charles Ratcliffe said thatReuter - 196 words
-
Article88 1979-03-22 9 m THE SOVIET Union and other East European coun.r tries in Comecon are seeking emergency finances totalling US$l3O million from Japan to finance oil imports, local banking sources said. The sources declined to name Japanese banks involved in the proposed syndicated loan to the Moscow-based88 words
-
Article91 1979-03-22 9 THE PHILIPPINE National Bank (PNB) will open its offshore banking branch here next month. It will concentrate on money market and foreign exchange operations to link with the bank's other offices in Hongkong. London, and New York. The branch is also expected to participate in91 words
-
Article317 1979-03-22 9 AP BLAMING the failure of Congress to raise the debt limit, the US Treasury department has announced it is postponing borrowing an additional US$2.BB billion to help finance the government's federal debt. The Treasury had planned to raise the money in an auction of two-year notes,AP - 317 words
-
484 1979-03-22 9 THE US TREASURY'S sale of 1.5 million ounces of gold attracted 26 bids. A General Services Administration (GSA) official said that this compares with 23 bids received at last month's sale. Bank Leu Ltd of New York bid for 21,200 ounces of high484 words
-
314 1979-03-22 9 THE BANK of Tokyo has set up an international trade and investment information service bureau in its Kuala Lumpur branch office to promote investment and speed up inflow of foreign capital. It will also help to erase misinterpretation of Malaysia's socio—economic314 words
-
Article85 1979-03-22 9 Reuter THE BANK of England announced the issue by the government of a new £800 million 12'. per cent Exchequer stock dated 1999 payable 40 per cent on tender, with the balance due May 2, and a minimum tender price at the rate ofReuter - 85 words
-
1025 1979-03-22 9 Reuter THE USE of commercial paper as a financing vehicle has undergone some structural changes which, banking sources say, may assure its place as a permanent fixture in corporate fund raising. Long a standard source of short-term money for finance companies, commercial paper isReuter - 1,025 words
-
MONEY AND EXCHANGES
-
Article482 1979-03-22 9 THE US dollar was traded thinly on foreign exchange markets yesterday as dealers continued to stay on unexposed positions. With the Tokyo market closed, interest was slight. Opening at 207.40 50 against the yen. the dollar was traded thinly around this level until London opened to see the482 words
-
Article199 1979-03-22 9 Asian rates ASIAN currency deposit interbank rates as at close on March 21: 7 days 1 month 2 months 3 months 6 months 9 months 12 months IS D»llar*Sp*t> Offer Bid 10 7/16 105/16 915/16 913/16 10 10'. 10 l 10 10 15/16 10 13/16 10. 10 10. 10'. 1199 words
-
Article47 1979-03-22 9 Range of prices offered by discount houses on March 21: Overnijjht 4' Call deposits A'.', to Closiag Buviaf Selliaf 3 month Treasury bills 4'.- 4". 3 month Bank bills 7i 7'3 month CD 7 6 6 month CD 7 3/16 71/16 Source: National Discount Co Ltd.47 words
-
Article71 1979-03-22 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for three series of Treasury bills totalling $70 million: 1). $40 million 91-day bills to be issued from March 26 to March 30; 2). $20 million 182-day bills to be issued on March 27;71 words
-
169 1979-03-22 9 THE EUROPEAN Maaeur> System (EMS) will depend more for Its saccess mi a high degree sf eeeaomle eaavergeace amsng Esrspesn Economic Commsalty (EEC) coaatries than m the iastitatioaal arrangements drawn np fsr its speratisa, the Baadesbank said. Glvea the still high iaflatlaa rates la169 words
-
Article322 1979-03-22 9 SINGAPORE gold futures yesterday closed generally lower against the overnight levels after fluctuating marginally throughout the day, dealers said. Trading was fairly active and turnover rose sharply to 462 lots mainly on shortcovering interest as compared with 273 lots on Tuesday. June closed easier at y*****.90 246.30 an ounce322 words
-
Article284 1979-03-22 9 THE DOLLAR yesterday opened steady on its overnight and Far East levels while sterling firmed strongly in fairly active trading, dealers said. They noted strong commercial interest in the pound from Switzerland, and this boosted sterling from opening indications around U552.0315 25 to almost the 2.04 level before it284 words
-
Article175 1979-03-22 9 THE HONGKONG dollar yesterday fell sharply to 4.9130/80 against the US dollar from 4.8800 30 here on Tuesday, dealers said. Operators were scrambling to switch into US dollars and in some cases, also to sterling, from the Hongkong currency to cover themselves against possible further depreciation while unconfirmed rumours175 words
-
Article21 1979-03-22 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.21 words
-
-
-
Page 9 Advertisements
-
Advertisement153 1979-03-22 9 I ojninU Study with the MoS UNIVERSITY PREPARATORY SCHOOL l TORONTO, ONTARIO UPS specialises in preparing overseas students for Grade 12 and 13 Examinations leading to entry to Universities and Colleges in Canada and USA. UPS is registered with the Ontario Ministry of Education and its Credit and Diploma courses153 words
-
-
DEALS DONE ON THE SES AND KLSE
-
Article1594 1979-03-22 10 i£d and oKer prices officially listed business in and reported to the Hb'k Exchange of Singapore yesimilay with the number of shares tfliiled shown in brackets^) units unless otherwise specif|d pAII Time Settlement Contracts .■r quoted after the word "sett." Board deals (in lots of 2.000 units) are1,594 words
-
Article127 1979-03-22 10 4 3/4% 1/8/78-80 (250.000) (100 858 100 955) 4 1/2% 1/8/80 (250.000) (99.328 *****) 4 3/4% 15/9/80 (250X100) (99.608 99.668) 5 1/4% 1/3/81 (250.000) (100 188 100.28S) 5% 15/4/81 (250.000) (99.618 99.708) 5% T F 1/5/83 (250.000) (100 108 100-208) 5 3/4% T F 15/8/81-84 (250.000) (*****S) 5%127 words
-
-
Article162 1979-03-22 10 SINGAPORE C* (IT TBI'ST INCOME BOND I'JIIT (Maaagen' frit** far Mai r« The Commerce 2.21 2.35 (Carnal pr Income Bond KM) 114 1.20 The Saving Fund 129 1.37xd S pore Pit* Fund 0 96 101 S pore Sec Fund 1.79 1.90 S'pore Invest Fund 127 135 MABA Bl'MIPlTBA162 words
-
Article2667 1979-03-22 10 Gr'» Gr*» Net "«-t»7ar79 Last Div Div YTd P/E Vol Day High Low Conpany Sale or- C*vr C000) High Low SECTION ONE INDUSTRIALS 272 132 Ac ma 214 12.0N 1.3 5.6 23.2 190' 123* Alcom 180 10.0 2 2 5.5 13.3 ITU 107 Allied Choc 122 unch2,667 words
-
Article1799 1979-03-22 10 and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Arm* (2.128) AJtainU (2 758) \k-Mi (1.985) aim Hatd (1 20S) A1,799 words
-
Article, Illustration658 1979-03-22 10 A DAY af general lasses was averted by an eleventh-tour wave af selective baying at tbe Stack Exchange af Slngapare yesterday. Valine remained generally light. Bat there was again lingering interest in same a< the relatively law-priced Isaacs with very gaad gains attendant.658 words
-
536 1979-03-22 10 SOME speculative interest in the lower-liners livened up trading in an otherwise dull and featureless Kuala Lumpur stock market yesterday. Fresh buying interest in the morning and early afternoon lifted these lower-liners sharply higher but profittaking later in the day trimmed their gains. On balance,536 words
-
COMPANY NEWS
-
Article, Illustration340 1979-03-22 11 MALAYAN CABLES has been dealt with a bitter blow by the disruption in orders for its telephone cables during its financial year ended last Dec 31 and has plunged into a loss for the first time this decade. Sales were particularly bad during the first340 words
-
Article103 1979-03-22 11 IN RESPONSE to an announcement from Sin Heng Chan (M) Bhd, the Kuala Lumpur Stock Exchange is querying it on the nature of Sin Heng Chan (Butterworth) Sdn Bhd's business and the latest list of directors of Sin Heng Chan (Butterworth) and their shareholdings. The exchange103 words
-
Article, Illustration543 1979-03-22 11 P. GUNASEGARAM - By P. GUNASEGARAM GENERAL Lumber (Holdings), suffering from the effects of the November 1977 fire and the log shortage in the industry, reported a 60 per cent drop in group pretax profit to M 5151.000 for the year ended Sept. 30,543 words
-
563 1979-03-22 11 DAVID CHOW - By DAVID CHOW PERFORMING much better than expected eattier, Timuran Holdings has turned out a fairly smart set of preliminary figures for the year ended last Dec. 31. Operating profit moved ahead 18 per cent to $4.9 million ($4.2 million), on a 28 per563 words
-
Article510 1979-03-22 11 Current Payment Ex Date Books Close Date Total for Total for Payable the year Previous year Wilkinson B Kawit Set Nut T Cement T Cement Pref Ulu Benut Aust Amal SP Textile Robinson M U Ind Hume M K Sidim A Hitam Tin Benta Consplant KL Kepong Kempas510 words
-
Article152 1979-03-22 11 CompanyParticulars Ex Date Books Close Nat Iron Bonus Issue of 1 for 2 Mar 22 Mar 29 DBS Rights Issue of 1 for 4 Keck Seng »< $3.50 per share Mar 27 Apr 3 Bonus Issue of 1 for 5 Apr 4 Apr 17 Apr 30 NYA Dunlop152 words
-
890 1979-03-22 11 CHAN BONG SOO - Market Talk... b. A By CHAN BONG SOO THE PRESENT looks ripe for buying into some of the good quality stocks in anticipation of a turnround in the immediate future. According to the broking firm of Ong and Company, by the first week890 words
-
Article153 1979-03-22 11 OVERSEAS Union Bank said in reply to a query from the Singapore Stock Exchange regarding its bonus and rights issue that the bonus issue of one-for-six will be capitalised as follows: $11,333,333 from share premium account and $1,500,000 from general reserve. The underwriter of the rights issue of153 words
-
LATEST RESULTS
-
54 1979-03-22 11 Group pre- tax profit MJ648.000 (loss 411,810), for the six months ended Dec 31, on turnover of $12.8 million (10.7 million). Parent company pre-tax profit $661,000 (loss 423,973) on turnover of 11.8 million (10.4 million). The company expects second half results to be similar to54 words
-
Article53 1979-03-22 11 Unau- dited estimated after-tax profit M 53.7 million (3.65 million) for half-year ended Dec 31. Estimated pre-tax profit $7.96 million (7.96 million). Output and sales of tin concentrates 11.905 piculs (13,674). The company said its reconstruction and sale of mining assets to Aokam Thai Ltd became effective53 words
-
34 1979-03-22 11 Unaudited estimated after-tax profit M 5990.000 (875,000) for the half year ended Dec 31. Pre-tax profit $2.36 million (1.935 million). Output and sales of tin concentrates 3,955 piculs (4.264).34 words
-
-
567 1979-03-22 11 HOCK LOCK SIEW - imiwa by HOCK LOCK SIEW THE Stack Exchange of Singapore (SES) has la the past doae a fairly good Jab «f reclassifying listed companies aader sectors which reflect more accurately the aatare of their businesses. Bat the changes made so far have heea mainly piecemeal567 words
-
Article230 1979-03-22 11 Nattanal Iraa ft Steel Mills Ltd: EOGM to be held at DBS Building, Shenton Way, Singapore at 2.30 p.m. tomorrow. Slme Darby Holdings Ltd: EOGM to be held at The United Nations Room at the Regent Hotel, Jalan Sultan Ismail, Kuala Lumpur at 12 noon on Mar 26.230 words
-
-
Page 11 Advertisements
-
Advertisement394 1979-03-22 11 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that the Forty-Second Annual General Meeting of the Stockholders of Oversea-Chinese Banking Coroporation Limited will be held at 19th Floor, OCBC Centre, Chulia Street, Singapore, on Saturday, 26th May 1979 at 12 o'clock noon. A final Dividend of 7394 words
-
-
153 1979-03-22 12 TIGHT control of the Education Ministry must be* maintained if the recommendations contained* in the Report on the Ministry of Education 1978 ar£ to be successfully implemented. A full-time Minister for Education, the report notes, is essential. But the number of committees must be153 words
-
517 1979-03-22 12 THE EDUCATION Study Team will not be dissolved with the completion of its report on the Ministry of Education, but it will join the ministry as a special unit of staff advisers. The team also emphasised that the recommendations in its517 words
-
Article188 1979-03-22 12 SEVERAL suggestions were forwarded by the Edncatioa Stady Team to improve the morale of teachers. One of these is that the Miaistry of Education should offer opportunities to deserving teachers to further improve themselves academically aad professionally. For instance, selected teachers with GCE "O" and "A" levels188 words
-
Article459 1979-03-22 12 Reuter A SENIOR Japanese official has said that there is still a wide gap between Japan and the European Common Market on how the huge Japanese trade surplus could be reduced. Takeshi Yasukawa, Japan's Ambassador for External Economic Affairs, was summarising his nine-day tourReuter - 459 words
-
Article48 1979-03-22 12 AP THE FIRST passenger train service between Hongkong and Canton in 30 years will begin on April 4, said the Kowloon-Canton Railway yesterday. The fully air-conditioned train capable of acommodating 600 passengers will operate only once each day, leaving Canton at 8.30 a.m. APAP - 48 words
-
Article764 1979-03-22 12 LONDON. Wed. Share prices closed with gains ranging to double figures, encouraged by annual figures from Tube Investments and the earlier firmness of the gilt market, dealers said. It jumped 18p following full year results and John Brown gained a similar amount in sympathy, dealers added. Other leaders764 words
-
404 1979-03-22 12 Reuter ECONOMIST Milton Friedman said the US is likely to combine stimulatory mondlhry expansion in 1960 with foreign exchange and wage-price controls. Mr Friedman told an investment conference in London on Tuesday this would be the most likely solution to the policy dilemmaReuter - 404 words
-
Article190 1979-03-22 12 Reuter THE EEC's proposals on textile tariffs in the Tokyo Round of the Multilateral Trade Negotiations represent a bad deal for both the British and the European textile industries. President of the British Textile Confederation, Mr N. B. Smith, said in a speech prepared for deliveryReuter - 190 words
-
Article74 1979-03-22 12 AFP THE MALAYSIAN government will withdraw its permission for the use of its air space by the Concorde aircraft if a current study proves that it does cause inconveniences to the people. Transport Minister Tan Sri V. Manickavasagam assured the Malaysian Parliament yesterday that although a six-month trialAFP - 74 words
-
208 1979-03-22 12 AFP INDONESIAN imparters have cfuMfnUf uicati with foreign sappMers reaehlag millions of Amerieaa Mian as a resalt of the raptah devalaatiaa, Indoiirslis National Importers Assorts tlsa (Giasl) chairman Zaefcri Arkouul said yesterday. The devalaatiea had ladeed given a Mow to the Importers asAFP - 208 words
-
Article70 1979-03-22 12 THE HONGKONG government is concerned about the steep fall of the colony's currency against the US dollar yesterday, a government official said. Referring to the rapid drop of the Hongkong dollar to over 4.9100 against the US currency on the local foreign exchange market from around 4.880070 words
-
528 1979-03-22 12 GOH ENG KEE - IN PARLIAMENT YESTERDAY By GOH ENG KEE THE THREE major bottlers of soft drinks and owners of coffee shops and restaurants were severely criticised in Parliament yesterday for the recent increase in the price of soft drinks. The bottlers were accused of528 words
-
Article182 1979-03-22 12 THE HOUSING and Development Board (HDB) has embarked on a $106 million programme to improve the housing, social and recreational facilities in old housing estates. The aim of the programme is to reduce the disparity between the old and new HDB housing estates, said Mr. Teh Cheang182 words
-
Page 12 Advertisements
-
Advertisement337 1979-03-22 12 SOUTH EAST ASIAN BANKING AND FINANCE 19TH 20TH APRIL 1979 Sponsored by Financial Times and Business Times The Financial Times of London, in association with Business Times, a member of The Straits Times Group, is organising a conference on SOUTH EAST ASIAN BANKING AND FINANCE to be held in Singapore337 words
-
-
Page 12 Miscellaneous
-
Miscellaneous64 1979-03-22 12 BHPCTiHIER! Outlook for Singapore from 6 a.m. to noon j today: Isolated showers in the late morning Report for 24 prior to 7.3$ p.m. on March 21 at i the airport. Maximum temperature 32.3 Associated humidity 69 Minimum temperature 23.3 Associated humidity 98 Hours of sunshine 6.20 Rainfall in millimetres64 words
-
-
SHIPPING TIMES
-
PORTSIDES
-
Article105 1979-03-22 13 AFP THE European National Shippers' Council has protested to shipowners against the bunker surcharge which many of them have imposed on freight rates to offset the higher cost of fuel caused by the Iranian crisis, shipping sources said in London. The protest was aimed in particular at theAFP - 105 words
-
Article58 1979-03-22 13 Reuter DOCKERS in Port Louis returned to work following a four day stoppage caused by a dispute between dockers and employers over redundancies. Mr Paul Berenger, the dock worker's union negotiator, told reporters that the Mauritians would still be able to export its sugar commitment toReuter - 58 words
-
Article91 1979-03-22 13 Reuter THE total tonnage of merchant ships completed in world shipyards in 1978 at 18,194,120 gross tonnes 9,337,704 gross tones less than in 1977 was the smallest since 1968, states Lloyd's Register Annual Summary of Merchant Ship Completions. The completion figure for oil tankers during 1978 wasReuter - 91 words
-
-
Article484 1979-03-22 13 FINANCING PLAN NEEDED SINGAPORE shipowners have missed the boat in their bid to enter the second-hand market. Shipping observers here said values of these tonnages have risen considerably since last year. A shipping broker in Singapore who is actively involved in all aspects of the trade484 words
-
Article194 1979-03-22 13 UPI AFTER languishing in the backgroaad I* some time balk carriers experienced renewed demand in bet* eastern and western delivery areas. Utah reactivated the Par East by basking three balkers far trips ta Eorape They paid 1553.65 per dwt to the 7MIS dwt Orjea basis early April deliveryUPI - 194 words
-
567 1979-03-22 13 AFP THE RE-EMERGENCE of Soviet interest and the continuation of Chinese inquiry assured the freight market of a firm appearance last week, although fixing was relatively small. Grain charterers were more willing to do business on a time basis. Meanwhile, Japanese involvement in this sectorAFP - 567 words
-
Article199 1979-03-22 13 AP THE WORD along the New York waterfront is that an April 1 tugboat strike is a sure thing. There is nothing official as yet from negotiations continuing at the Whitehall club between several dozen marine transportation firms operating close to 250 vessels, including tugs, lighters,AP - 199 words
-
3617 1979-03-22 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 of3,617 words
-
Article483 1979-03-22 17 Shippiag Uae P««e CM ACS n 5 Afea IV 3 Aguila V 2 All trans V 2 Alpac IV 5 Angkutan IV 4 ANL I 1 APL m 2 Arya Nat n S ASCL m 5 Asia Merchant IV 3 Aust.Cont IV 5 Bank n 5 Banner V 2483 words
-
Article956 1979-03-22 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 to the (2) All export FCL containers and LCL cargo must be delivered Authority's premises during the956 words
-
Article890 1979-03-22 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN)—Unipacific. Alpac Line—lntrasea.890 words
-
Article699 1979-03-22 18 FAR EAST FREIGHT MOST OWNERS have instituted a bunker surcharge to assist in recovering recent price increases. Some ports are in short supply of bunkers (or non-contract purchasers. Established owners are receiving supplies on the basis of their 1978 offtake. European breakers have been particlarly699 words
-
Article, Illustration392 1979-03-22 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bencruachan (after Feng Yang L/L) 31/32 Bosna (after Nedlloyd Lek sails T/L) 35/36 Charlotte Maersk (1800 after Keiyo Maru 1/2 Daishin Maru (Ro/Ro) (0600 after Meiru) 13/14 Golden Sea (after Nedlloyd Lek) 33/34 Keiyo Maru (Ro/Ro) (after Centaur) 1/2 Menelaus (after Kaigo)392 words
-
-
Page 13 Advertisements
-
Advertisement361 1979-03-22 13 Barber oue Sea DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agenls Barber lines Singapore Pie Lid Tel 9265 1 Harrisons A Croslield Kuala Lumpur TH: HMIi/l Petnas- MISC Penang Tel ***** u ji IA RI) IM AN I AH m SERVICE FROM EUROPE (VIA SUEZ) I CHEVALER NU ISC361 words
-
Advertisement239 1979-03-22 13 SEALORD UJ ANTAH H UASC All vessels ***** OWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. 'ARABIAN GULF WEEKLY SERVICE" i 1 —i 1 Vessel S pore Loading for Dammam (3/4), Doha (6/4), Dubai (9/4) Dammam (26/4), Doha (28/4). Kuwait (1/5). Shuaiba (5/5), Dubai (10/5) Dammam (26/4),239 words
-
Advertisement300 1979-03-22 13 MBMBkHMMM 1 o k NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ): SjiOte P Kelan* Fslotue •0 ttSttOO Spore Ctowf nm Mm cup to/Iran StMuiu FROM EUROPE (VIA SUEZ): Unit C PMA Sated N PEARL Sated C RO2E Suited KOREAN JACfWON 25 Mar300 words
-
Advertisement852 1979-03-22 13 OSRLINES<&U EUROPE/FAR EAST SERVICE See Page IV Column 3 for Sailings Aqrnti SINGAPORE SHIPPING AGENCIES P T E LTD MARKETING *****2 GENERAL *****1 A EURO ASIA LINE SON BHO K L *****7- P KLANC *****1 '3 PENENG *****/2 MAERSK LINE Foe US F'acilic Gult 0 Atlantic and East Canada (Oho852 words
-
-
Page 14 Advertisements
-
Advertisement886 1979-03-22 14 FU.IT COMTAWERtSED TO EUROPE I Spore P Kola* I Ml *r 26 3 28/3— 5 4 Cardfcaaßar >M|> Mm Mare EMeMani Lntrpoot Bar 11 4 18 20 4 ?(> 4 21 4 30,4 3 5 8 5 9'5 trwt btumk 19/4 ?l/« 25/4 27/4 28/4 30 4 5/5 9/5 11/5886 words
-
Advertisement560 1979-03-22 14 US ATLANTIC US GULF SUGAPORE Port Keimt Ptnjnj 0 Jakarta Lakuan N Neil fcmat KKIW C M T« US ATLANTIC US GULF t S* SMGAPORE t Kola* Pmant I* Cristobal Battmore New Orients Houston Neit loader Menelaus cab It Mar 24 May 21 tunc 3 km I km 10 kn560 words
-
Advertisement586 1979-03-22 14 EVERGREEN LINE I FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTWG CARGO FOR HAMBURG FELIXSTOWE ROTTEROAM ANTWERP 11 HAVRE ALSO ACCEPT WG CARGO FOR UNITED KINGDOM SOuTHAMPT(*i LONOON MANCHESTER BIRM*GHAM BRISTOL LIVERPOOL GLASGOW LEEDS WEST GERMANY msmm~ HOLLAND AMSTERDAM Spat HMte| l«J|" e~ UM n »imt nib» (wfctary »S"r J**586 words
-
Advertisement1168 1979-03-22 14 Everett Lines I Burna Fhrt Star Sk*ppin| Carp*. BURMESE NATIONAL LINE BFSSC Agents ,n Malay** TEPS MALAYSIA Port KeUng T# (38i 7366 T Parang T») *****/***** r\ i_ n_ a latareaatiaaatal S. A. C.I. F CVfTOHH. HDDS USS p\fA Traospartadaa Maritima Mtxicana S. A. 1 "m TMt M ft laM*'1,168 words
-
Advertisement691 1979-03-22 14 r "EkO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHENTON WAV MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 121 SANKYO LINE AUSTRALIA SERVICE P Kelang Sngapore Load MAT BREEZE MAY SKY MAY CART 24/26 Mar SYD. Ma. ADEL 1/3 Apr FREM 2/4 Apr DWN.691 words
-
-
Page 15 Advertisements
-
Advertisement527 1979-03-22 15 Overseas rjl I Containers Limited CO4ITAOPBHP SE»WCE TO UK/COWTMHT: CONTAMRSHIP SERVICE FROM UK/CONTMENT SWGAPOtt MANSFCiO COWTMO SERVICES. PTE LTD 43(0(1 K LUMPUR CONTAMER MENCES *****4, P KELANG 3UOOC/I PENANG GUTKHE BOUSTEAD SHPPWG AGENCCS 3(2301/3 Australia Straits Container Line (A MEMBER OF THE AWO COMSORTUM) SHP SERVICE TO/FROM AUSTRALIA IAKARTA SMCAPOKE527 words
-
Advertisement1090 1979-03-22 15 GRANARD LINE RELIABLE t DEPENDABLE NON CONFERENCE EXPRESS SERVICE NEST BOUND-f AR EAST/MEDITERRANE AN sport P fttfanf Paaaai Lm*| Mr Mum 31 Um JeddanP Sato/ H) MM AN V.24M MV MMDS PROGRESS V2SM MU» P Sudan P Said Aleiandria Bevat/lMassol/lattalua/ P>eaw/Inpok/lcofkan It Apr 19 Apr 21 Apr Opborrti/faMati/P Sari AJeiandnalattakia1,090 words
-
Advertisement683 1979-03-22 15 VlK+ BEN LINE CONTAINERS EXPRESS CO«TAM* SERWCE TO/FROM EUROPE Sgm f *«ang *Germany Austria Antwip 26/1 21/ 1 15/4 21/4 a/« J/4 25/4 27/4 21/4 7/4 21/4 i/s 5/5 Card«an b) Kiu|i Mm n/4 11/4 »/4 Inapool Bar 1/5 5/5 25/5 11/5 l/( 3/ hMM l»/5 6/6 4/t (l/l Kaa*a683 words
-
Advertisement542 1979-03-22 15 Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE ullz* 1 ilrMm W 2) k—tntam Aataap It Nnra. Mm. tali. SadhappMa. Lm«* ]«wi»wtMiMi,Cw*|KMli 'I TIM i -Inir ill "I twtfa Rwk actapknt t»f» to law# a* P >«■! *Cal Plata* drtct 2/5 EASTBOUND FROM MED/UK/NC/ SCANDINAVIA 1) Gh*>| 2) Hhtrt 1) Bwn542 words
-
Advertisement524 1979-03-22 15 r VI GUTHRIE BOUSTEAD s A G s THE BAMK LINE LTD LOADS FOR E. S. AFRICA Duftxn L L P E Capetown t S poo ?8 31 Ma P Ketanf I 7 Apr FROM (AST I SOUTH AT MCA FOR BANGKOK MAMA Penanj P A«an{ 31 Mar 4 Ap-524 words
-
-
Page 16 Advertisements
-
Advertisement998 1979-03-22 16 r K line KAWASAKI KISEN KAISHA. LTD. TO EUROPE lang I Havre Rdam H burg Btrmefl «'M S BWOGI 20* RESEARCHER 6W tORAI 17* PAIR IS* N PIARI 14* Spoie P Kelang I Ha»re R dam 7? 23 Mat 24 Mat 9 Apr 10 Apr 28 Mar 29 Mat lb998 words
-
Advertisement927 1979-03-22 16 U.S.A./EAST CANADA SERVICE ACCCPTMG fCL/LCI CONTAROS FROM PENANG. P. HELMS. STOKE laadng tar HER TOM. NORFOLK Penang BeUwan P ketanf Singapore E.C./6REAT LAKES SERVICE LOADRK FOR NEW TOM NORFOLK BMTMOK. PtOUBELPMA. MONTREAL. TORONTO Penang Beta«an P Mmi Singapore S O MYSORE (NBA JO SO) to ft/23 Ma "A VESSEL" 14/15927 words
-
Advertisement502 1979-03-22 16 V (> roup SINGAPORE SHIPPING AGENCIES PTE. LTD. 20Th FiOOB OCEAN BUHOING SINGAPORE MARKETING 9m22 13 LINES' GENERAL 91 3111 <i« LINtSI TEIEx RS 2459S RS ***** A B CARSHiPMCABIC CARGOSMiP 1 sI *MPORfJSLA\DSJJSF SENANG ISIMO 10« KUSUSIAW 2 SENTOSA ISLAN) IAE RM tSIMD tin SENANG SI WD UK Spore502 words
-
Advertisement748 1979-03-22 16 INTtKNATIONAL SHIPPING COHPOHATtON BfHHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA Mm Acceptim from I) Maimo Stockholm Oslo Hehmtii 2) Copenhagen Aarhus 3) Bremen 4) Antwerp. Amsterdam UK 5) Basle Bordeavi Also accepting intermediate cargo to Honfkor* t lapan EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT 1| Mani S pore P K(Un| Penanj748 words
-
Advertisement792 1979-03-22 16 f INTRASEA (PTE) LTD Paber House 23JE Orchard Road Singapore 9 Telephone *****1 1 *****5' rwn 1 REGULAR MDEPfMXNT SEM fill COMAKER SERVICE TO EURO* on mn (Ca* s*> Spue P Ma* Nm| iMdt* tm nm> ■MMMtfMNwMwa/Td rnntau tk) in »mii mmm -mm S?" n«M mib OWMIS m MM- MMM792 words
-
-
Page 17 Advertisements
-
Advertisement121 1979-03-22 17 Nigerian national L SHIPPING LINE NNSL FAR EAST/WEST AFRICA RIVER JIMINI (built 1979) for: Lagos ETA Pt Harcourt ETA Singapore .24/25 April 17 May 25 May (accepting breakbulk/containers) <C£nts GUTHRIE BOUSTEAO SHIPPING AGENCIES Tel: S'pore *****4 (Sales: *****5/*****5) KARLANDER (AUSTRALIA) PTY. LTD. stnkc Iran.East Austraian ports kM Sr*»r Spwt tu121 words
-
Advertisement207 1979-03-22 17 P.T. PERUSAHAAN PELAYARAN NUSANTARA "BAHARI" VnsM BANTEN VOY 6/79 SAWU VOY 4 79 ETA ETC 25Mar 28 Mar 9 Apr 14 Apr MarWC*cte« Mart* Agents: BANNER MARITIME PTE. LTD. INT 22M. 22nd Fit. HONS tiONC BUK. UffUS QUAY. S fm* 1 I* *****11. *****12, *****15 lEET I 5) I HOC207 words
-
Advertisement254 1979-03-22 17 NOR IE NT LINE Europe/Far East Ro-Ro Service EASIBOIM r xssa B ***** w**aws«a m cuswa ITOOL STORE MX in aw nam KQ 11 in u art u m S? T ff T 15 m M■■ v m 3 u SMI J* IK 4MB IWEI2MS IS MK CNMA ruu to254 words
-
Advertisement45 1979-03-22 17 EVERETT STEAMSHIP CORPORATION 8/A "Murrayeverett" Voy. 51-W Arrd: 15.3.79 Place of Survey: P.S.A. Gdn*. 27/28 General Survey on damaged cargo discharged ex the above vessel will be held on 22nd March 1979 from 8.30 a m No further survey will be held after this date.45 words
-
-
Page 18 Advertisements
-
Advertisement153 1979-03-22 18 NOTICES The Shipping Corporation of India Ltd. (A Government of India Enterprise) "Shipping House", 245, Madam* Cama Road, Bombay 400 021 Sealed tenders are invited from ex-i' perienced ship-chandlers for supply of: I i (A) Dry, Fresh, Tinned Provisions and I (B) Wines and Cigarettes. I 9 to our vessels153 words
-