The Business Times, 23 March 1979
1979-03-23
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The Business Times
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Title Section10 1979-03-23 1 BUSINESS TIMES M.C.(P) No. IM/1/7S FRIDAY. MARCH 23,1979 50 CENTS10 words
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BRIEFLY...
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Article75 1979-03-23 1 AFP TOKYO, Thurs. Malaysia and Japan reached an agreement here today under which Japan will extend loans amounting to 21,000 million yen (Ss22o million) to finance Malaysia's infrastructure development projects. Japan will also give Malaysia an additional loan of up to 635 million yen to help financeAFP - 75 words
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Article62 1979-03-23 1 Reuter LUXEMBOURG, Thurs. Unemployment in the European Common Market fell by 89,400 to 6.43 million last month, the first reduction in nine months, according to the Community's statistics office here. Unemployment fell in all nine member states last month. The largest fall of 3.2 per cent wasReuter - 62 words
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Article82 1979-03-23 1 AFP LONDON, Thurs. Boardroom disagreement in Britain's biggest shipping company, Peninsular and Oriental Steam Navigation Company, has led to the resignation of its managing director, Mr Sandy Marshall, it was reported today. His departure followed persistent rumours that the group is faced with serious financialAFP - 82 words
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Article60 1979-03-23 1 A 14,000-tonne bulk carrier, the Eileen, yesterday collided with a Singapore coastal tanker, Ocean Supply, about one kilometre south of St. John's Island. Damage to the two vessels were slight and no casualties were reported. Traces of oil slick from the collision were seen but the port authority60 words
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Article62 1979-03-23 1 Reuter THE HAGUE, Thurs. Gunmen killed the British Ambassador to Holland and one of his Dutch servants in a bold daylight attack today outside the envoy's residence in The Hague city centre. Police and embassy officials said the identity of the two men who killed Sir RichardReuter - 62 words
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Article83 1979-03-23 1 UPI BERN, Switzerland, Thurs. The exiled Shah of Iran and his family own Swiss property worth at least 6.8 million Swiss francs (SsB.B million), the government said today. The Shah himself owns a villa in St. Moritz valued at 1.5 million francs, his daughter, Shahnaz, has a houseUPI - 83 words
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Article60 1979-03-23 1 UPI NEW YORK, Thurs. The market headed broadly higher early today in active trading The Dow Jones industrial average, which rose 7.45 points yesterday, was ahead 3.90 points to 861.74 around 11 a.m. Advances led declines, 852 to 237, among the 1,520 issues crossing the tape. First-hour tradingUPI - 60 words
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Chief Price Changes
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Article131 1979-03-23 1 Falls T Harbour 390 -16 Temerlob 310 -14 Island 6 Pen 350 -8 OLE 271 -8 N B T 208 -7 U E 144 -7 (JOB 340 -6 Sime Darby 306 -6 Tan Chong 300 -6 Cons Plant 195 -6 O C B C 870 -5 Berjuntai 780 -5131 words
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Article, Illustration146 1979-03-23 1 PRICES did net improve on their overnight levels ud, being ruled by easier market sentiment, closed on aa easier tone on the Stack Exchange of Singapore yesterday. The Straits Times Industrial Index fell margtaaiiy hy 9.97 point to *7.74 while the volatile Business Times Index was down 35.49146 words
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Article281 1979-03-23 1 REPRESENTATIVES of seven major industrial nations yesterday completed the first round of talks preparing for the June Tokyo summit by rejecting a bid to include Australia in the international meeting. Informed Japanese government sources said the only substantial matter apparently settled at the281 words
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750 1979-03-23 1 FOO CHOY PENG - THREE MAIN ISSUES By FOO CHOY PENG SENIOR Asean officials will meet in Singapore roughly a week from now to prepare the groundwork for another round of talk.*; between Asean and Australia over the latter's new aviation policy. The next meeting with Australian750 words
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592 1979-03-23 1 RONNIE LIM - By RONNIE LIM A SINGAPORE fish-proc-essing company, Marissco, has proposed a joint-ven-ture fishing project in New Zealand's 360-km economic zone. This is being considered with two other Russian proposals, the New Zealand Ministry of Agriculture and Fisheries indicated. The director of its fisher592 words
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Article135 1979-03-23 1 MALAYSIA is following every development in Thailand closely although there is no agreement between the two countries to provide assistance in the event that either is attacked by a third country, Prime Minister Datuk Hussein Onn said yesterday. Speaking in Parliament Datuk Hussein said Malaysia and Thailand135 words
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290 1979-03-23 1 THE Haagkaag dallar, battered mi the ftnip exehaage market tai Hwgkaag, seesawed thraagh the day befere dully stabilities *t Wedaeaday's cledag price. The eatoay*s Cellar, eaee eae ef the werM'a stardlest carreades, haa heea hard Ut partly beeaaae ef eeaeera ever Haagkaag's290 words
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436 1979-03-23 1 FONG MEW LENG - By FONG MEW LENG NEW ZEALAND will be establishing a regional trade centre in Singapore in May to facilitate twoway trade between the country and the Asean region. The new centre, to be housed in Tong Building in Orchard Road, will be the third436 words
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Page 1 Advertisements
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Advertisement23 1979-03-23 1 SAFE WITH AN ITOKI SAFE BUSINESS MOCIWO SYSTEMS (S) fit ITO 47 Pod>u>r> Buxh GoMlfcU piui Mmfloo load S-'VKXX* T *< C«M «OSN€STEMS Vngiixn23 words
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Advertisement161 1979-03-23 1 SEE PAGE 3 m m m RHUfI Braun micron It means more than a close shave With the Braun micron you get a good close shave, without having to go over the same patch of beard time and again. The secret of how the Braun micron gives a closer shave161 words
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Advertisement70 1979-03-23 1 mm SHIPPING TIMES THANKS to fssd price 5............. t US restores »M est to Msaila— J HOW to write stllJifii ressmes. RECORD US trade deficit ft SOCIETE Geaerale to esntag to THE Jipiaeae entnet Mks. I tow... HOW to tag behte4 HK ta taffe- KLK g~4 times siwmA 1 MEMOPAD70 words
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Advertisement201 1979-03-23 1 Mrftaf/Dtaptor We^r TM FMs i« V«r Hmd Soto Afintt Guthrie Trading Td: *****5 *****5 Third Quarter 1978 ASEAN Business Quarterly The latest issue of the ASEAN Business Quarterly concentrates on some of the reasons why intra-ASEAN trade and industrial projects are having difficulty in getting off the ground. Professor Lim201 words
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TRADE AND INDUSTRY
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Article, Illustration530 1979-03-23 2 COLIN CHEE - By COLIN CHEE INFLATION in Singapore toned down during the first two months of this year. The Consumer Price Index (CPI) for January and last month was 1.3 per cent higher than that for the same period a year ago. The increase was 5.3530 words
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Article182 1979-03-23 2 STANDARD Chartered Bank will improve the strength and balance of its worldwide operations as a consequence of successful moves into the United States. The chief manager of the Chartered Bank in Singapore, Mr Gordon Janes, was commenting on an announcement earlier this week that the US Federal Reserve182 words
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Article, Illustration331 1979-03-23 2 DR LOUIS Kreel, the original pioneer in the development of the EMI body scanner, is in Singapore to give a lecture on the new breakthrough in radiology. Head of the division of radiology at the London Yoshioka, former president of Chisso, and Nishida, former chief of Chisso's331 words
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Article47 1979-03-23 2 WILHELM Jackstadt and Company, a German manufacturer of self-adhesive labels, has appointed Wei Tah Company as its sole agent here. The self-adhesive "JAC" range includes PVC plastic foils, flourescent papers and foils, polyester foils, pre-cut labels, labels for photostat copiers and computer printouts.47 words
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Article, Illustration81 1979-03-23 2 TAT LEE Baak, Singapore's sixth largest in total assets, will open its fifth branch at Upper Thomson Road tomorrow. The new branch will have 12 staff and will be eqnipped with a mini-computer. When the branch undertakes collection of PUB bill payments, drive-in facilities may be incorporated.81 words
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Article52 1979-03-23 2 THE DEPARTMENT of Extramural Studies, University of Singapore, will hold a 14-lecture course on management planning and control in the YMCA Marine Parade Centre every Monday and Wednesday, from April 4. The lecturers will be Mr Seow Gim Leng and Mr Lim Gin Swee, both part-time lecturers of52 words
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Article46 1979-03-23 2 THE SINGAPORE Insurance Training Centre will be conducting two courses from May to August. The first is the Australian Insurance Institute Associateship course and the second is the Australian Insurance Institute Diploma in life insurance course. Dosing dates are April 6 and 20 respectively.46 words
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Article27 1979-03-23 2 THE Society of Manufacturing Engineers will bold a talk on energy conservation in the process industries at the Regional English Language Centre on Wednesday.27 words
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Article31 1979-03-23 2 THE SINGAPORE Institute of Planners will hold its seven annual dinner at the Hyatt Hotel next Friday. The guest-of-honour will be Mr Teh Cheang Wan, Minister for National Development.31 words
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Article, Illustration173 1979-03-23 2 A MODEL of the AJ2O-mil-lion (SMS million) Sydney Entertainment Centre, planned for the city's Haymarket area, was unveiled recently by the New South Wales State Premier, Mr Neville Wran. Construction of the 12,000seat centre would begin in April and was due far completion in mid-19Tl, Mr Wran173 words
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Article61 1979-03-23 2 THE Consumers' Association of Singapore (Case) has urged the Singapore Bakery and Confectionary Trade Association to reconsider the increase in the price of bread. Case says it has been informed by the Trade Department that the price rise is unjustified. It says its investigations shsw61 words
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Article589 1979-03-23 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 Mar589 words
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272 1979-03-23 2 THE INDUSTRIAL Training Board has launched a threeprong programme to ensure its trainees leave its institutes with a correct perception of their roles as responsible workers and citizens. The emphasis is on attitude development and the task of implementing the "co-curricular activities"272 words
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Page 2 Advertisements
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Advertisement105 1979-03-23 2 INDEPENDENT CONSOLIDATION SERVICE TO: EUROPE, TAIWAN, HONGKONG, AUSTRALIA SAVE ON SHIPPING COST CARGO BY PRACHT SPECIALISED IN SEAFREI6HT CONSOLIDATION SERVICE WAREHOUSING GENERAL SEA FREIGHT PROJECT SERVICE AIR FREIGHT REMOVAL SERVICE CALL: *****88 5 lines PRACHT INTERNATIONAL LTD. Suite 1301/1304, 13 floor. Tunas Bldg., 114 ANSON ROAD, SINGAPORE, 2 CFS: NG105 words
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REGIONAL
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Article554 1979-03-23 3 UNCERTAIN prices and peculiarities in the established pattern of the trade in timber are among the factors aggravating the accute shortage of supply faced by the wood processing industries in Peninsular Malaysia. According to an industry source, the situation has become so bad that554 words
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275 1979-03-23 3 VIETNAM yesterday attacked non-communist nations of South-east Asia, accusing them of harming the chances for peace in the area. "The Asean rulers must bear full responsibility for their wrongful actions," Radio Hanoi said in a commentary monitored in Bangkok. "Asean actions are detrimental to275 words
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Article, Illustration63 1979-03-23 3 Prime Minister of Thailand, Kriangsak Chamanand (right), and Soviet Premier, Aiexei Kosygin, seen inspecting the guard of honour during the welcoming ceremony at the airport in honour of the Thai Prime Minister. It is the first visit by a Thai government lender to the Soviet Union.63 words
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Article165 1979-03-23 3 CITIES Service Company announced in Tulsa, Oklahoma, on Wednesday that the first commercial oil production in the Philippines has begun. Cities Service, operator of a five-member group in the test, said oil is being produced from two wells at a combined average rate of165 words
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Article67 1979-03-23 3 A CONFERENCE of Muslim countries in West Asia and the Pacific will be held in Kuala Lumpur from Sept 1318 this year, the secretary general of the Islamic Secretariat Tengku Abdul Rahman said on Wednesday in Karachi. The Tengku, a former Prime Minister of Malaysia, said the conference67 words
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Article45 1979-03-23 3 AFP JAPAN is making new efforts to increase its defence capability in response to US demand, Prime Minister Masayoshi Ohira said yesterday in Tokyo. Mr Ohira said that Japan's share of defence costs under the Japan-US joint security arrangement is rising gradually.AFP - 45 words
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467 1979-03-23 3 Reuter AFP JAPAN had a customs clearance trade surplus of US$Bl.l4 million (Ssl7B million) in the first 10 days of March, compared with surpluses of $14.46 million in the same February period and $474.06 million in the same period of March last year, the FinanceReuter; AFP - 467 words
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208 1979-03-23 3 THE Asian Development Bank yesterday declined comment on a Washington report that American congressional investigators had criticised its loan operations. "We cannot comment until we have seen the full report," a bank spokesman said in Manila. Compiled by the House of Representatives appropriations committee,208 words
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Article337 1979-03-23 3 AFP Reuter JAPAN is soon to import tape recorders made in China, it was announced yesterday. Toho Denki (Electric) Co of Tokyo has agreed to set up the first Japan-China joint venture to produce tape recorders and other acoustic equipment. Toho officials said in Tokyo, theAFP; Reuter - 337 words
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191 1979-03-23 3 AFP SOUTH-EAST Asian markets will treble by the end of the century with major business opportunities for British firms. This is how Mr John Smith, Britain's Secretary of State for Trade, summed up his recent visit to the area. Speaking to theAFP - 191 words
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Article137 1979-03-23 3 THE POSSIBILITY of Hongkong authorities banning livestock imports firmed yesterday due to leaders of 550 government abattoir workers refusing to call off a go-slow for better pay and working conditions. There is still space to accommodate pigs and cattle but it is learnt the authorities have137 words
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432 1979-03-23 3 MOVE TO DISPEL DOUBTS AP HEEDING a personal appeal from President Carter, a US Congressional committee has decided against cutting American aid to the Philippines a move that had been aimed at showing displeasure with the Marcos government's human rights record. The House Foreign AffairsAP - 432 words
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Article, Illustration102 1979-03-23 3 Government officials of seven industrially advanced nations conferred in yesterday In the first preparatory meeting for the Tokyo Summit slated for late Jane. They are clockwise: Umberts Roeca, diplomatic adviser to the Premier from Italy; John Hunt, secretary of the Cabinet from Britain: HenryUPI photo - 102 words
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Page 3 Advertisements
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Advertisement191 1979-03-23 3 The Shangri-La Health Club. A new concept in fitness and resort living. A i > r I 1 A* A o m i 'MM, Cycle five miles a day. Take part in your own Walkaton. Then follow up with a little weight-lifting. Vibrate away the lunches left on your hips.191 words
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Page 3 Miscellaneous
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Miscellaneous631 1979-03-23 3 II TWO-IH CRYPTIC PUZZLE ACROSS 1 On reflection it's worth looking into (6) 7 Immobilised and out of a job (8) 8 She wants double fee, we hear (4) 10 Hunted man (6) 11 Walk like a labourer? (6) 14 Fade a lot, that is (3) 16 Put one's foot631 words
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RAW MATERIALS
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Article300 1979-03-23 4 OPENING prices in Singapore yesterday were marked up 1.25 cents on higher London advices and thereafter the market gained further ground on upcountry, trade and speculative buying. Some sellers however, emerged, at the high to check the rise, dealers said. The morning session closed slightly higher with April One300 words
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Article30 1979-03-23 4 Rubber: March 22 Singapore: April: 256.60 cents (up 0.50 cent) Malaysia: April 260.00 cents (up 0.50 cent) Tin: $1,958 (down $10) Official offering: 203 tonnes (up 30 tonnes)30 words
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Article329 1979-03-23 4 R.A.S. prices tn cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 257.00 258.00N 256.00 257.00N Int. 1 R.S.S. April 257.50 258.00 256.50 257.00 Int. 1 R.S.S. May 257.75 258.25 256.75 257.25 Int. 2 R.S.S. 252.50 253.50N 251.50329 words
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Article102 1979-03-23 4 NOON SSR ■nd SMR prior ■> yesterday: RAS April May (Chi 'rent Mth) (Forward Mth) Buyer* Seller* Buyers Sellers SSR 20 ll-lixi pallet) 249 00 251.00N 250.00 252. OON SSR Ait (1-ton pallet) 246.00 248.00N 247 00 249.00N MRELB SMR CV II-ton pallet 1 263.00 265.00N 263.S0102 words
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Article61 1979-03-23 4 THE STRAITS tin price in Penang yesterday fell a farther Msl9 to $M» per pieal. Sentiment was farther depressed by higher tin metal deliveries by miners esspied with L»ndsn's overnight easiness, dealers said. Hswever, seme haying frem Japan and lseal operators sopported the market. Tarnsver increased to 2tS61 words
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Article88 1979-03-23 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from March 22 until further notice: Rahher: 2534 cents a kilo; Copra: M 51,306.24 a tonne; Palm kernel: $955.75 a tonne; White pepper: $4,474.28 a tonne; Black pepper: $2,782.78 a tonne; The rates of duty payable88 words
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Article294 1979-03-23 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 pet first class (Kangaroo) new crop 0.95, 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 0.62. Special 0.56. THAI RICE: 55 pet no294 words
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Article698 1979-03-23 4 OILSEEDS: Soybean oil met a (air volume of shortcovering interest yesterday, following news that Brazil has suspended new export registrations. Dutch crude soybean oil traded between 0.75 and 1.50 guilders per 100 kilos higher at 135.50 guilders for April scaling down to 132.50 guilders for August/October deliveries F.698 words
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Article122 1979-03-23 4 WHEAT futures in Chicago on Wednesday rebounded after the expiration of the March contract at noon to close higher. Prices ended 2' to cents a bushel higher. Traders said the gains were tied to heavy professional buying of May and July outright and spread buying of wheat against corn.122 words
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718 1979-03-23 4 ONE OF the four speculators who held 90 per cent of the long positions in March wheat futures also owned about half the wheat that could be delivered to meet those contracts, according to commodity sources. Ownership of the actual wheat, in combination718 words
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Article441 1979-03-23 4 Reuter CHINA was the world's third biggest rice exporter last year after the United States and Thailand, according to papers presented to a Food and Agricultural Organisation (FAO) rice conference in Manila. The figures, however, show a noticeable absence in the past two years of riceshortReuter - 441 words
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Article264 1979-03-23 4 TRADING was generally quiet and featureless on the Singapore produce market yesterday. Prices for all eommodites were quoted unchanged. Demand from large traditional purchasers in Europe and America was lacking, traders said. Pepper, in particular, failed to improve on recent gains which were partially brought about by some264 words
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Article179 1979-03-23 4 TRADING on the sugar futures market yesterday was dull with prices virtually unquoted for mo6t of the day, dealers said. May closed at 8.64/67 US cents against Wednesday's 8.48/53 close, July at 8.99/ 9.03 against 8.79/84 and the distant March at 9.92/96 against 9.80/83 cents. Sugar futures closing179 words
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Article194 1979-03-23 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattaa yan: China Blue Phoenix 20b 1420 32s 2.M0; «k 3,100 (per bale of 400 lbs). Piece piii: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly194 words
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Article152 1979-03-23 4 CHICAGO soybean futures closed with gains of 6'/« Us cents to V 4 cent a bushel after a rally in the final hour of trade on Wednesday. Strength in products, surging Chicago Board of Trade silver futures and technical factors were cited by traders as the reasons for the152 words
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Article71 1979-03-23 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Malaysian SHffa bulk per tonne Wed Preview May unch 684slr Sumatra 5H ffa bulk March 712slr 715pd April TOOslr 697' /700pd May 685s lr 687 /992 pd June 680slr 685slr July unch 672' pd Nigeria71 words
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847 1979-03-23 4 CHAN BONG SOO - By CHAN BONG SOO INDONESIA, ranking third among world tin producers, is looking to the sea for more of the metal. And under the government's expansion policy, it may within a few years overtake Bolivia as the second largest producer. For the847 words
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283 1979-03-23 4 THE INDIAN Jute Mills Association, IJMA, opposed the government's recent decision to export raw jute. IJ MA chairman K. K. Kanoria said instead of exporting raw jute, the government should build up a stock and seek to increase the export of jute283 words
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367 1979-03-23 4 AP THE US House of Representatives Agriculture Committee has rejected two attempts to amend its sugar bill to set market price objectives at a higher level. The action occurred as the committee began work on legislation intended to curb imports of sugarAP - 367 words
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Article183 1979-03-23 4 Reuter THE NEW York Commodity Exchange Inc and the New York Stock Exchange said that they had mutually agreed to terminate negotiations on a possible business affiliation or merger. The talks had been going on (or several months and had focused on a possible merger orReuter - 183 words
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Page 4 Advertisements
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Advertisement170 1979-03-23 4 \tehavea history of making our depositors' savings grow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their money grow170 words
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Advertisement9 1979-03-23 4 Unofficial eMng prices mi LssJh metals m hack PM«.9 words
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OVERSEAS
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577 1979-03-23 5 UPI Reuter PRESIDENT Jimmy Carter has no plans to tax excess profits or define permissable profit margins despite reports that US corporate earnings for 1978 soared at an inflationary pace, the White House said on Wednesday. White House Press Secretary Jody PowellUPI; Reuter - 577 words
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304 1979-03-23 5 AFP THE BRITISH Textile Confederation (BTC) yesterday renewed its attack on the customs duties reductions on textiles proposed by the European Commission in Brussels as part of the Tokyo Round of multilateral trade negotiations. BTC president, N.B. Smith, told a meeting of textileAFP - 304 words
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Article739 1979-03-23 5 ARRIVALS Service Local Operator Number Time From SIA SQ101 0615 KUL MAS MH621 0840 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1030 BWN GIA GA980 1030 HLP SU SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL739 words
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493 1979-03-23 5 Washington Star Reuter I US international accounts improved sharply late last year but the deficit for all of 1978 is still a record, the Commerce Department reported on Wednesday. The department said the current account deficit the key sector of the internationalWashington Star; Reuter - 493 words
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327 1979-03-23 5 Reuter AMERICAN officials, cheered by the Israeli Parliament's overwhelming approval of a peace treaty with Egypt, start final talks with Israeli representatives yesterday on financial aid and political assurances connected with the pA. President Carter flailed the vote by the IsraeliReuter - 327 words
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64 1979-03-23 5 AP PRESIDENT Valery Giscard d'Estaing, under fire for France's deepening unemployment crisis, launched a campaign on Wednesday to solidify his centre-right coalition and bolster his sagging popularity. In an interview marking the first anniversary of his coalition's election victory, Mr Giscard vowed to continue theAP - 64 words
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156 1979-03-23 5 AP THE US Administration is asking Congress to leave room in next year's budget for US$3.6 billion (about 5J7.5 billion) to go to international development banks providing assistance to developing nations. Testifying before a Senate appropriations subcommittee on Tuesday, Treasury Secretary Michael BlumenthaiAP - 156 words
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WORLD IN BRIEF
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Article563 1979-03-23 5 Agencies RECENT pay settlements of 1,000 UK companies were mostly agreed at 10-per cent rise or less, according to the Confederation of British Industry. Its director general, Mr John Methven, said very few pay settlements have exceeded 15 per cent. While a number of major settlementsAgencies - 563 words
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Page 5 Advertisements
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Advertisement874 1979-03-23 5 National Discount Company Limited (Incorporated in the Republic of Singapore) Balance Sheet 31st December, 1978 Share Capital Authorised, issued and fully paid 5,000.000 shares of $1 each Revenue Reserves General reserve Profit unappropriated Total Capital and Reserves Current Liabilities and Provisions Deposits of customers (Note 2) Other liabilities including provisions874 words
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413 1979-03-23 6 IT WOULD be totally wrong to mistake the views of the Indonesian newspaper, Merdeka, with the views of the Indonesian government. Indonesia has been involved throughout the Asean-Australia talks. As far as is known, they have not taken exception to the stand that Asean413 words
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350 1979-03-23 6 NINETY-ONE local companies granted loans amounting to $15.2 million? The Small Industries Finance Scheme (SIFS) must certainly do better than that if small industries in Singapore are to have a hope of flourishing and expanding. The basic problem is probably not one of finance350 words
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Article, Illustration1364 1979-03-23 6 RYUNOSUKE IORI - By RYUNOSUKE IORI Depthnews JAPAN'S business circles still have not recovered from the shock of the stunning Chinese decision to freeze its contracts for Japanese industrial plants totalling 420 billion yen (about Ss4 4 billion). The Chinese bomb was contained in a crypticDepthnews - 1,364 words
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Page 6 Advertisements
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Advertisement232 1979-03-23 6 e 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 401232 words
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Page 6 Miscellaneous
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Miscellaneous50 1979-03-23 6 BriStOW: Frank tokens VAPvrvJDS UV PU. THOSE. ...\YI ffcST N/GARS "TV4C FSNMUPSL Fvrfe JD,NG DfrJNfefc RND URS B££>l RuiNCD SV Glj&meMTS. W OSDG£ To eLroiNRTe, vro**«. rms UJC MP»VC DCCIOGD To DOUBLE- J »n2STf ry thc PRicc OF Tue TICKETS J 0 W &3ff££S SoftfcGoP/ mosr lopvnt R night OJT:50 words
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Miscellaneous864 1979-03-23 6 A bland Friday THE EVENING beghM at > »>■, ehaaael I, with the aezt epMe af Ik lavcaten. This aae k titled "The Om TluU Wort Wrsag" this Is absst Me laveatlsa which tke twid ewU have tee withes t. la the Wild West, pesslve M euy to erect leaeiig.864 words
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1043 1979-03-23 7 ELIZABETH FOWLER - Proficiency in corporate strategy is useful to a career. But without a job, all the best strategies would be for nought. So, ELIZABETH FOWLER says, concentrate on getting a job first. Spend more time planning to battle other job seekers and make sure thatNYT - 1,043 words
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199 1979-03-23 7 ON THE average, every second private household In the six named European countries owns its own boose or flat. With not quite 4# per cent, the Federal Republic of Germany is at the bottom of this list. This is so despite the popular199 words
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Article312 1979-03-23 7 Private Architect - Letter te the Editor Private Architect Dear Sir, I wish to refer to your front page story "URA is deluged with tenders" and your editorial "Will URA exercise tender loving care?", both dated March 21, 1979. Owing to the depressed state of the property market312 words
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968 1979-03-23 7 John Drysdale - FORUM with John Drysdale IN THIS season of budgets, and the start of a new fiscal year, Hongkong, like Singapore, has also issued an economic survey. To make a few meaningful comparisons one naturally turns to the respective968 words
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Page 7 Advertisements
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Advertisement359 1979-03-23 7 EVERY SECOND PERSON OWNS HIS HOME Private households living in their own houses or flats (PERCENTAGES) /v BELGIUM SOURCE. CAPITAL FIGURES FROM: 1978 DENMARK 61 J GREAT BRITAIN (58) co FRANCE NETHERLANDS 48}j(48} FED REP OF S GERMANY Everything's here l! J: r; 0 is s it: c s» 5S359 words
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INTERNATIONAL STOCKS
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Article221 1979-03-23 8 Reuter MERRILL LYNCH and Co Inc expects 1979 first quarter earnings to exceed the one cent a share earned in the year ago period. 1 r However, chairman Donald Regan would not elaborate. -"In the company's annual report just released Mr Regan said the expected downturnReuter - 221 words
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107 1979-03-23 8 Reuter BORG-WARNER Corp and Firestone Tire and Rubber Go said a new timetable for their proposed merger provides for consideration by bpth boards next month and, if they approve, voting by both companies' stockholders at meetings in July. Last month the companies saidReuter - 107 words
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Article120 1979-03-23 8 Reuter MITSUI and Ltd said it has reached agreement with Amax Inc for a joint aluminium production venture, Alumax Inc, and will provide 25 per cent of the financing for Alumax's US$4OO million refinery project in South Carolina. Mitsui said it will in return be supplied withReuter - 120 words
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Article86 1979-03-23 8 Reuter FIAT MOTORS t( North America Incorporated has agreed to recall 51,7« IfJI-71 model 851 Spyder cars because of excessive rust and corrosion oa the undercarriage, the US Department of Transportation said. The investigation covered the 85* and 124 Plats (or model years IfII-74, hat the recall wasReuter - 86 words
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135 1979-03-23 8 Reuter SHAREHOLDERS of BankAmerica Corporation, parent company of the Bank of America, will vote at next month's annual meeting on proposals requiring the bank to end eventually business relationships with communist nations, the proxy statement shows. Two related proposals would require the bank to terminateReuter - 135 words
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Article61 1979-03-23 8 FINANCIAL TIMES INDUSTRIALS Wednesday 515.8 Tuesday 505.6 Week Ago 509.9 DOW JONES AVERAGE INDUSTRIALS Wednesday 857 75 Tuesday 850.31 Week ago 845.37 LONDON DOLLAR PREMIUM Wednesday 65»i to 66 Tuesday 73 '< to74'. H.K.HANG SENG Thursday 549.80 Wednesday 552.87 Week ago 548.08 SYDNEY INDUSTRIALS Thursday 483.79 Wednesday 488.4061 words
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744 1979-03-23 8 NYT tHIS IS the story of a brief "but dramatic stock market rise. The shares of an emerging company came from nowhere, rose to new -heights and then slid into tetnbo. The story is of Intermedics Inc., a manufacturer and marketer of cardiacNYT - 744 words
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185 1979-03-23 8 Reuter NATIONAL CORP said its board approved a definitive agreement to acquire United Financial Corp of California for U5533.60 a share or about $236 million. National Steel said the $33.60 price is equal to the $42 a share price offered before a five-for-four stockReuter - 185 words
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1153 1979-03-23 8 NEW YORK THE STOCK market on Wednesday rallied in the final hour to score a solid gain in active trading after showing no real trend for roost of the day. White House Press Secretary Jody Powell said President Carter had no thought of making new1,153 words
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Article214 1979-03-23 8 MAR 21 CS ♦A Abitibt 19'• Alcan 44'i Algoma 27'. Bank Mont 23". unch Bank Nova Scotia 23 S Bell Tel 64 unch Beth Corp BP Can Ltd 24'. unch Brascan 21 >• Camp Red Lake 37'. Can Imp Bk 27 Canpac 28 Canpac Inv Pf 16'. B unch214 words
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Article309 1979-03-23 8 MAR 21 Rand INDUSTRIALS A Alpha 148 uncti ADercom 243 -2 AE And CI 460 5 AMIC Barlows 540 unch Cg Sugar MO unch CNA 105 unch Cum* Finance W 2 De Beers Ind 152SS unch Edcon 345 ■i Edgars Eveready 280 unch Fed Volk 205 -3 Fug) I309 words
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Article585 1979-03-23 8 TOKYO Source: DBS-Daiwa BULLISH sentiment returned gradually to the market yesterday, with attention on medium-sized blue chips such as light-electrical, precision machinery and pharmaceutical issues. However, incentive-backed speculative issues such as Hodogaya Chemical. Nippon Soda and Kanto Denka were off sharply as shot-term traders switchedSource: DBS-Daiwa - 585 words
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Article333 1979-03-23 8 Source: SHK See Ltd AS THE Hongkong dollar continued to fall yesterday, so did the market but at a slower rate. There were three land auctions but failed to produce any spectacular results, adding to bearish sentiment Nevertheless, after a weak morning session, some prices held up well WheelockSource: SHK See Ltd - 333 words
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Article158 1979-03-23 8 THE market closed mixed yesterday with commercials and minings posting gains while oils declined, dealers said. Turnover fell to 6.6 million pesos from Wednesday's 8.0 million. Gainers were Atlas Con B, Lepanto B, Philex B, and Seafront while Meralco lost ground. Unchanged issues included Baguio Gold, Benguet Con B,158 words
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Article450 1979-03-23 8 KELVINATOR shares again provided the main interest in an otherwise subdued market yesterday. Although Email has withdrawn its original takeover offer for Kelvinator, the company is rumoured to be preparing a revised bid. In a busy trade, Kelvinator put on another 24 cents to close at $2.06 44 cents450 words
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Article119 1979-03-23 8 AFP TURNOVER and profits of the Basel chemical group Sandoz SA fell last year, but the dividend payable to shareholders remained unchanged at 25 per cent. Sandoz announced that turnover, at 4.3 billion Swiss francs, was down 10 per cent. But, calculated in the currencies ofAFP - 119 words
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86 1979-03-23 8 Reuter IMPERIAL GROUP LID sold Mi million ordinary shares la BAT Industries Ltd, representing most of its remaining Interest, at 111 pence to raise £15S.< million in a market placing. A esmpany spokesman said as decision has been taken an the ultimate sse sfReuter - 86 words
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EUROPEAN MARKETS
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Article240 1979-03-23 8 MAR 21 Frs CORBEILLE Air-Liquide 382 •3 B S N Gervais Uanone 40B80 0J C8t < Thomson Csfl 308 4>l Cie Francaise 61* Petfoles 14® 2 Compagnie hnanc»re Compajnie Generate 3M 2 Credit Foncier De France at Hachetle 1 Libra me) 232 Machines Bull SStO 02 Michelin IB) 1040240 words
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Article92 1979-03-23 8 MAR 21 FORWARD MARKET few 4 Arbed Aslur Brascan 2330 MO M» unch -4 4 Bru-Lamb Canpac Cock D» Brfn 1725 TOO m 212 unch -a unch -4 EDM Eleccroto*! Gb-lnno-Bm Gf» 2420 9000 2306 1372 -3 30 S -4 Hobo* Pruo Ryl Dutch Stdro 3010 3*13 1M6 70092 words
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Article190 1979-03-23 8 MAR 21 n* ABN A hold Akzo AMFV Am las Amrot Bank Brr|a» BrriZ Bote BorMiniij 357J0 119 JO K 50 ***** Ti 00 53 SO S3 00 WAI ♦05 -01 uncfi 1.5 -x» ■43 unch -03 -00 -IS Burhnunn Byrnkori t .ihr Ik-Ill IVIi Mij ***** DIM Ennia190 words
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Article192 1979-03-23 8 MAN 21 Krjuw* Artlon> Kuuum 296 -I AlUMJIiar Br. 1+40 -20 AIumiiut Rrf J7* -3 Uromn Bovrri Br 1(20 -10 C lhu (*rig> Br 1235 -2S fllfci < ■<•!*) P I" 1000 *i < 'thti (irm Rrt IW -I Credit Suisse Br 2360 unch Credit Suisse Reg 450 2192 words
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Article211 1979-03-23 8 MAR 21 Uni AK-Ti'lrl—Inn 61 ao 4)1 Ak«i 2BJS0 unrh All/ Ijrhrti K7*«l Altz Vera 465 00 uivch BASK 135(0 -1 BjjHT Wbank ***** Bay Vbank 276 50 unch Bayrr 136 JO BBC' 287 00 1 BMW ***** -2.1 Cassella 301 006 unch Chem Vrrw ***** -24 Commerzbank 200211 words
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Page 8 Advertisements
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Advertisement141 1979-03-23 8 dQIQb Study with the I®!®) 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 courses are141 words
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BANKING AND FINANCE
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Article190 1979-03-23 9 Reuter THE SWISS Finance Ministry said the government will not convert the 360 million franc 4.5 per cent 1966/81 Federal loan which will be redeemed prematurely on April 15. The provisional second quarter issue calendar, published this week by the Federal Capital Market Commission,Reuter - 190 words
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Article82 1979-03-23 9 Reuter THE INDONESIAN government will start to sell 75 million guilders worth «f bonds in the Amsterdam moaey market today. The Antara news agency said the bonds will motors In 1969 and carry 9.2S per cent Interest aaanally. lids will be the third time Indonesia has soldReuter - 82 words
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629 1979-03-23 9 COLIN CHEE - FRANCE'S BIG THREE ALL HERE By COLIN CHEE SOCIETE Generale, one of France's biggest commercial banks, has moved into Singapore and will open for business on April 2. The French state-owned bank, the world's seventh largest in terms of assets (1112 billion in 1977),629 words
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MONEY AND EXCHANGE$
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Article477 1979-03-23 9 THE US dollar was quietly traded on most fronts on the foreign exchange market yesterday. Against the Hongkong dollar, however, the US currency saw some of the biggest swings in the Far East centres. Opening at a wide 4.9330/ 80 against the Hongkong unit, the US dollar moved477 words
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Article279 1979-03-23 9 SINGAPORE gold futures yesterday closed steady in moderately active trading after an initial rise reflecting the overnight firmess in New York, dealers said. Turnover, however, fell to 267 lots against Wednesday's 462 lots with activity centred in June, August and October contracts. June closed at U*****.20/ 30 an ounce279 words
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Article290 1979-03-23 9 THE DOLLAR yesterday opened generally weaker against all European currencies while sterling remained steady in moderate trading. Dealers said the dollar's weakness resulted from reports that a Saudi Arabian newspaper editorial called for all Arab cointries to prepare for all-out war against Israel to regain Jerusalem and other occupied290 words
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Article21 1979-03-23 9 THE average rate ai which Singapore banks are currently prepared to lend to their best customers is 8 per cent.21 words
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Article52 1979-03-23 9 FRANKFURT exchanges opening quotes on March 22: US 1.8625 35(1.800 87) Can 1 *****0 SIR- 3.788 718 D F1 92.65 75 S Fr 110.25 40 Lit 2 216 224 F FT 43.42 52 N Kr 36 48 58 BFr (com) -6.326 336 B Fr (fin) 6.23 24 Yon 052 words
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Article178 1979-03-23 9 Asian rates ASIAN currency deposl interbank rates as a close on March 22: 7 days 1 month 2 months 3 months 6 months 9 months 12 months US DoUan(Spot) Offer Bid 10 7/16 10 5/16 109/16 107/16 1013/16 1011/16 10'. 10H 11 10'. 10 15/16 10 13/16 10". 10'. l178 words
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Article57 1979-03-23 9 Range of prices offered by dieeount bouses on March li Overnight 4>i r Call (kpoaits 4 1 t r /i to 4' t r A Closing B.yia« Selliag 3 month Treasury bills 4'; 4'. 3 month Bank bills 7H 7'« 3 month CD 7 6 6 month CD 757 words
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Article208 1979-03-23 9 THE HONGKONG dollar yesterday stabilised around 4.9150/80 against the US dollar in late trading after earlier sharp fluctuations, dealers said. In continuation of Wednesday's downtrend, it fell as low as 4.9500 at one stage before recovering on profit-taking and selling of US dollars by at least one major local208 words
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Article178 1979-03-23 9 THE US dollar for overnight delivery yesterday closed easier at 207.06 yen, compared with 207.20 at both the opening and at Tuesday's close. After fluctuating between 207.20 and 206.96 in the morning, with foreign banks selling dollars and Japanese banks covering dollar needs for import settlements and remittances, the178 words
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596 1979-03-23 9 Reuter DELAY over the approval of Hongkong and Shanghai Banking Corp's (HSBC) proposed purchase of a controlling interest in Marine Midland Banks Inc is drawing attention to tension between the territory's leading bank and US bank branches operating in Hongkong, banking sources say.Reuter - 596 words
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360 1979-03-23 9 Reuter BANK of Canada governor Gerald Bouey said narrowly-defined money supply M-l is the best indicator for setting Canadian money supply growth targets. Links between broader aggregates and the growth of overall spending in the economy are much more complex, he said in the bank'sReuter - 360 words
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Article236 1979-03-23 9 Reuter THE CANADIAN government b*s no plans at present to make any further foreign borrowings, a Finance Department spokesman said. In the past two months Canada has borrowed 100 billion yen in Japan and 1.5 billion francs in Switzerland. Foreign exchange dealers noted rumours inReuter - 236 words
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266 1979-03-23 9 Reuter SALES of new krugerrand this year may drop to around three million coins following record 1978 sales totalling 6.01 million. International Gold Corp (Intergold) said there are no signs yet that last year's boom will be repeated. Sales fell sharply in theReuter - 266 words
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Article35 1979-03-23 9 THE 10-year Eurocredit for the Korean Exchange Bank, led by Chase Manhattan banking group and Lloyds Bank International Ltd, has been increased to US$4OO million from $200 million following successful syndication.35 words
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Article472 1979-03-23 9 THE MARKET has it that J. Y. M. Pillay*»chairman of Singapore Airlines (SLA), will soon get cracking on his new job as chairman of the Development Bank of Singapore (DBS). .Pillay, who is also a permanent secretary in the., Ministry of Finance, is expected to take a sabbatical from April472 words
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Page 9 Advertisements
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Advertisement349 1979-03-23 9 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 you349 words
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Article1490 1979-03-23 10 In Singapore BID ami offer prices officially listed anti business in and reported to the Sir** Exchange of Singapore yesterday with the number of shares n adtil shot n in brackets in lots of 1.00 units unless otherwise speci-"-s, Time Settlement Contracts are1,490 words
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Article2639 1979-03-23 10 1978/79 High .Low Company Last Sale orGr's Div Div C'vr Gr's Y'ld Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIALS 272 190* 178 219 275 111 196 326 245 440' 132 123* 107 133 195* 59 108* 173* 140* 170* Acma Alcom Allied Choc BAT2,639 words
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Article136 1979-03-23 10 4 3/4% 1/6/78-80 (250.000) (100 858 100 965) 4 1/2* 1/8/80 (250.000) (99 3SB 98 38S) (4) 90.37 4 3/4% 15/9/80 (250.000) (96.578 99.665) ft 1/4* 1/3/81 (250.000) (100 188 *****8) ft* 15/4/81 (250,000) (99.618 99 70S) ft* T F 1 /ft/83 250.000) (100.108 100 20S) ft 3/4*136 words
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Article159 1979-03-23 10 SINGAPORE UNIT TRU8T (NMtpn' ptaa i tar Mai rfl) The Commerce 2 20 2 33 The Saving Fund i.a 1 36xd S pore Fund 0 96 1.01 S pore Sec. Fund 1.78 1.89 S pore Invest Fund 1.28 1.33 S pore Equity Fund 100 1.05 ASIA UNIT TRUST159 words
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Article1657 1979-03-23 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. [NDUSnUALS Am (2.158) ap—iH (2 788 3.005) AlcaaHl.9oS) (1) 1.85 A Cfcae1,657 words
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Article, Illustration655 1979-03-23 10 LIGHT tradlag persisted on Ike Suck Exchange sf Siappwc yesterday. The mssd was generally easier with bayiag Interest centred h better qaallty stocks. Brokers had heea recommending such stacks lately while the market was caassHdatiag. As to whea the market will begin655 words
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567 1979-03-23 10 SHARE prices closed a shade easier in sluggish trading on the Kuala Lumpur stock market yesterday. Losses, though marginal, were noted across a fairly broad front and volumes decreased in line with the weaker conditions. Traders were apperently taking their cue from the slightly easier567 words
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COMPANY NEWS
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Article, Illustration1837 1979-03-23 11 ARTHUR NG - By ARTHUR NG GOOD times lie ahead for plantation stock Kuala Lumpur-Kepong as more and more immature acreage comes onstream at the turn of the decade. This general view held by most analysts is now also expressed publicly by the company's chairman Senator Tan1,837 words
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Article494 1979-03-23 11 Current Ex Books Date Total for Total for Payment Date Close Payable tke year Previous year Wilkinson B Kawat Sel Nut T Cement T Cement Pref I lu Benut Aust Amal SP Textile Robinson M U Ind Hume M K Sidim A Hitam Tin Benta Conaplant KL Kepong494 words
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Article153 1979-03-23 11 Company Particulara Ex Date Books Cloae Nat Iron DBS Keck Seng Dunlop Eat P. Producla Toshiba Hovia SEA Ol'B Bonus Issue of 1 for 2 Rights Issue of I for 4 t" $3.50 per share Bonus Issue of 1 for 5 Bonus Issue of 1 for 5 Bonus153 words
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182 1979-03-23 11 PACIFIC CHEMICAL pat ap a endtelk pcrtsrmsare, ch&lkiag ap a Mi per eeat grewth la udited pre hi pnflt to fIM mlWea far the year eaded Dee. SI, IS78 f despite chalrmaa Cetta waralag at the late rim stage ef dlfflealt nailtliai.182 words
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247 1979-03-23 11 THE RENONG Tin Dredging Company has turned In a pre-tax profit of £17,890 for the six months ended Dec. 31.1978. This was a significant improvement over the £5,329 loss reported in the previous corresponding period, and was achieved despite a 24 per cent decline247 words
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Latest result
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Article42 1979-03-23 11 Unaudited group pre- tax profit M 52.83 million (2.34 million) for the halfyear ended Dec 31 on turnover of $20.04 million (26.70 million). Parent company pre-tax profit $2.62 million (2.83 million) on turnover of $5.28 million (6.13 million).42 words
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Article408 1979-03-23 11 %u *****... by HOCK LOCK SIEW MARKET ramaars have It that State haa waa the battle af the bear. As this paper gaea to preas, State shaald be prepartog Its aaaeaacemeat to be releaaed tram Laadaa thraagh Kaala Lampar aad Stagapare that It haa achieved Ita targetby HOCK LOCK SIEW - 408 words
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Article405 1979-03-23 11 National Iron Steel Mills Ltd: EOGM to be held at DBS Building, Shenton Way, Singapore at 2.30 p.m. today. 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. <M)405 words
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Page 11 Advertisements
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Advertisement339 1979-03-23 11 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 Singapore339 words
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432 1979-03-23 12 A SENIOR official of the US Department of Energy has confirmed that prices in the world's spot oil market "have declined markedly" because of resistance by* Oil companies, the resumption of Iranian oil exports and prospects of conservation by consuming nations. But Harry432 words
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421 1979-03-23 12 PARLIAMENT THE RESERVE BATTALIONS of Singapore's armed forces form the major defence capability of the .Republic's defence structure. Since the current programme is aimed at building up this capability, the Ministry of Defence cannot grant any request for exemption from reservist training.421 words
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247 1979-03-23 12 Reuter VIETNAM yesterday admitted for the first time that it had suffered "many difficulties and losses" from the Chinese attack last month. The admission came from Hanoi's official daily Nhan Dan, which said Peking had deployed 600,000 regular troops in its month-long war withReuter - 247 words
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Article469 1979-03-23 12 Reuter AUSTRALIA has made a secret offer to Singapore to allow it to participate in low airfares between London and Sydney in an attempt to overcome the impasse in its negotiations with Asean, informed sources said yesterday. The offer was made during the two-day Asean-Aus-tralia meetingReuter - 469 words
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Article325 1979-03-23 12 AFP A SENIOR member of the Indonesian Parliament has warned Australia that relations between Australia and Asean may be damaged if it goes ahead with its cheap airfare plan for Europe. Rachmat Witular, who is the parliamentary chairman of the Commission for Communications said yesterday that "commercialAFP - 325 words
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Article2363 1979-03-23 12 LONDON, Thurs. Share prices closed mixed today, as many issues pared earlier gains on lack of follow-through buying while government bonds turned easier with falls of up to 3/4 point following the disappointing UK money supply figures, dealers said. Leading equities showed a narrow majority of small falls2,363 words
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Article, Illustration101 1979-03-23 12 THE nlae-member Chine* delegatlsa led by Farelga Trade Minister U Chlaag has eaded a fearday visit te Hagapare. During Us visit, Mr Li had talks with Mbdster fer Flaaaee Hea Sal Sea on printiag trade aad eeeaemle MtpfrttiM betweea the twe eeaatrles. He alae called ea101 words
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Article42 1979-03-23 12 PETROL-rationingcou-pons, printed as a precautionary measure last summer, are soon to be distributed to West German state and community authorities. The Bonn Economics Ministry said its decision followed disclosures in West German newspapers about the printing of the coupons.42 words
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Article82 1979-03-23 12 SINGAPORE TOO Reuter THE SINGAPORE dollar, Belgian franc and Hongkong dollar are now acceptable as part of the Philippine international reserves and in the settlement of international accounts, the Philippine Central Bank said yesterday. In a statement, the bank said the Monetary Board resolution accepting the three currencies was issuedReuter - 82 words
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181 1979-03-23 12 AFP A PROMINENT Indonesian parliamentarian yesterday urged the government to follow Iran's example and liberate its oil export system from the control of the "world oil mafia". Vice-chairman of the Parliament Mining and Capital Investments Commission Santosa Donoseputro was also reported as sayingAFP - 181 words
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Page 12 Advertisements
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Advertisement272 1979-03-23 12 SURVEY VESSEL M.V. "ISLAND SUN" FOR SALE OR T/C FLAG CLASS BUILT LENGTH BEAM DRAFT GWT SPEED ENGINE POWER PANAMA RP 1964 140' 22' 10.5' 253.09 TONS 11 KNOTS HANSHIN 700 HP 350 RPM 220 V. 3 PHASE 110 V. SINGLE PHASE 60 HZ 60 KVA OFF MAIN ENGINE 40272 words
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Advertisement129 1979-03-23 12 (^^C7 WANTED: CLASSIFIED ADS MANAGER If you've spotted this ad, then you may be the person we want. Times Publishing Berhad is looking for a classified ads manager. The job covers all aspects of classified ads telephone and field selling, promotions, administration, training and continually improving communicatons. The successful candidate129 words
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Page 12 Miscellaneous
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Miscellaneous58 1979-03-23 12 Outlook for Singapore from 6 a.m. to noon today: Isolated showers Report f< te airport tor 24 prier to 7M p.m. m March 22 at Maximum temperature 32.5 Associated humidity 67 Minimum temperature 23.7 Associated humidity 96 Hours of sunshine 4.75 Rainfall in millimetres 25.1 Total rainfall for the month58 words
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SHIPPING TIMES
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PORTSIDES
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Article90 1979-03-23 13 ZIM Israel Navigation Company is planning a further expansion of its services to South-east Asia over the next few years, it was learned in Hongkong yesterday. A company spokesman said that a US$25O million (***** million) development programme, to be implemented over several years, is being90 words
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Article54 1979-03-23 13 THE currency adjustment factor (CAF), for conferences covering the trade between Europe and India, Pakistan and Bangladesh will be changed from April one for continent westbound to plus 29.5 per cent from plus 31 per cent and for continent eastbound to plus 35 per cent from 36.5 per54 words
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Article143 1979-03-23 13 UPI FOLLOWING very brisk conditions of the past few days, chartering activity subsided. However, slower operations did nothing to damage the very firm rate tone in the Atlantic. An improvement of 50 cents took place in the US Gulf—Holland grain rate when Toepfer fixed the Cassiopea with aUPI - 143 words
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547 1979-03-23 13 RAHIM KASSIM - By RAHIM KASSIM AGGRESSIVE price undercutting among local shipbuilders has reached a point where yards now are in fear of being landed with lossmaking contracts. Market sources in the shipbuilding industry say there are fairly large contracts floating in the market but, with the exception547 words
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Article, Illustration251 1979-03-23 13 THE PORT of Tmmu'i newest container crane worth US$l.lB million ($4.21 milllM) was delivered on board the M.V. Valkenler last month. Ballt by Ishikawajbna Heavy Industries (IHI) In Japan, the crane Is scheduled to be In speration by May at Terminal 7 Berth D. The new251 words
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2618 1979-03-23 17 SHIPPING LIST where your ships are due and when 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 Port2,618 words
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Article522 1979-03-23 17 SMpptag UM Page Cai ACS n 5 Afea IV 3 Aguila V 3 Alfred V 2 All trans V 3 Alpac IV 5 Angkutan IV 4 ANL I 1 APL m 2 Arya Nat n 5 ASCL m 5 Asia Merchant IV 3 Atlantic V 2 Atlas V 3522 words
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Article905 1979-03-23 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change to the (2) All export FCL containers and LCL cargo must be delivered Authority's premises during the905 words
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Article891 1979-03-23 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer LineIn termodal. Algerian National Line (CNAN) —Unipacific. Alpac891 words
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Article1354 1979-03-23 18 FT THE NORTH Sea, which in the early 1970s appeared to promise so much for Britain's marine industries, has inevitably turned out to be something less than a bonanza. UK shipowners responded quickly to the opportunities, especially in the supply boat and support vesselFT - 1,354 words
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Article, Illustration476 1979-03-23 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Ahmad Alfateh (1100 after Streefkerk will haul to Gdn 1/2 on OS3O/24th A must sail not later than 1800/24 th) 3/4 Hoegh Pilot (after Shinsakura Maru) 6/7. PASS PAN JANG WHARVES Builder ID (0600) CB 2 Gdns 302 756-843 Cherry Manis (0600476 words
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Page 13 Advertisements
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Advertisement470 1979-03-23 13 sq vO^ Europe Our Next Loader Port Kelang- 6/4 Port Kelang- 6/4 Singapore- 27/3 For further details, see page 3 JAR DIM A I All Orient Overseas Co*Ucu*eA. Line FULLY CONTAMERSED SERVICE TO EUROPE (VIA SUEZ) s seas brdge 20* sp»« r xciMc m Port 24/3 OMENTAL RESEAROO SN B''3470 words
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Advertisement240 1979-03-23 13 fii SEALORD |U ANTAH H Kv UASC UNITED ARAB SHIPPING CO (SAG) 11 All vessels ***** DWT, 105 TON H.L. Derrick I 11 288 Capacity, Long Length Capability. ■■ARABIAN GULF WEEKLY SERVICE! 1 -l J (■Vessel Spore Loading for FATEH G. 3/4 Dammam (3/4), Doha (6/4), Dubai (9/4) AL RAYYAN240 words
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Advertisement266 1979-03-23 13 NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAMERISED SERVICE 9 Apr 10 Apr •0 BSttCtO S part Qtm Mm Kcapbni carp to/tm 4 May 30 Apr I ran: Fa Carp MM 27 Ma La Carft IMC Mar K» Osaka Tokyo 1? Apr 21 Apr 20 Apr 29266 words
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Advertisement831 1979-03-23 13 d\\° s Australia Our Next Loader Port Kelang: Singapore:. 24/3 2/4 For further details, see page 3 A ★l MAERSK LINE For US Plate Ga* 4 Alfewte and Itsl Omli (Also tor Honfront Tm v Japan m Korea) san MM AMOS MAERSK* 126 27/31 15/4 Maersk Km* Maersk Prto ALBERT831 words
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Page 14 Advertisements
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Advertisement617 1979-03-23 14 Ftcdtr P Ming Spore HK Sp«« S«M to 30/3 2/4 4/4 10/4 12/4 14/4 17/4 19/4 24/4 26/4 3/5 5/5 7/5 FULLY CONTMCMSED FROM USA/CANADA I onj tfaaftw Bcxh OAM Tacoma HK f«*< W S'poro Atater Express 27/2 1/3 4/3 22/3 Bom Mot 8/4 U/4 Wtttr Eipreu 10/3 12/3 14/3617 words
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Advertisement335 1979-03-23 14 t Apr 17 20 Apr 20 +> n Mm 1 Ma 20 Mm 29 Apr 3 Apr 4 Apr •fat 30 MA, 20 Mat 7 Hit 12 m u Semfeava S*wifa Los wjikj Sjn Frmcoco 20-27/3 J-10/4 5-10/5 23-24/5 11 12/5 25-20/5 IMC W nPßtss ARABIAN AND IRANIAN PORTS Ul335 words
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Advertisement617 1979-03-23 14 0 EVERGREEN LINE FAR EAST EUROPE EXPRESS FUI I CON lAINE R SERVICE ACCEPTING CARGO FOR HAMBURG FELIXSTOWE ROTTERDAM ANTWERP IE HAVRE ALSO ACCEPT KG CARGO FOR f UNITED KMGOOM SOUTHAMPTON. London Manchester, wrmwgham BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY MEMERhAvCN HOLLAND AMSTERDAM S'pm Hwtan F*l*l" A**"*"" **2? «ST* (mi617 words
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Advertisement1051 1979-03-23 14 Everett Lines v y BFSSC Agent* in Malaysia TEPS MALAYSIA Port KpMng TP (38) 7366 Penang Tat *****/***** A mm cm mn *m m/» »r~ 76/27 *r" Trsmportadon Mwitiw Mnicma S. A. '"tittllMUS 1 IMI lirMfk «l La*« LOAOMG FOR ENSENAOA MWAMIO ACAPUCO ACAAJTLA. COBMTO SAN USE PtMTAAENAS (COSIA MCA)1,051 words
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Advertisement621 1979-03-23 14 r mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOI 'SE SHf NITON WAY MISTRI ROAD SINGAPORE 2 TFL *****44 7& *****70 IO SANKYO LINE AUSTRALIA SERVICE MAYBKE2E 27/29 Iter 24/26 Mar SYD, MEL. MIEL •MT SKY 30/31 Mar 1/3 Apr FRED MAY CARP 5/6 Apr621 words
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Page 15 Advertisements
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Advertisement671 1979-03-23 15 OCL Overseas Containers Limited cowtahersht service to (jn/cowrtm bri'.tifr-' i*<*JH H#fu Wtanr M.H'l llbr H..u I w*f|>»m4 IWnj»i»n .CtJNTAINERSHIP SERVICE FROM UK, CONTWENT t*D (M»t« Cjr*tjr BJ, «M|i Mini Ouka Iji Eke Man. Ba, »i"w («nu SINGAPORE MM6FCLD COOT WO SEKWCES. PTE LTD *****1 K LUMPUR CONTARO AGENCES *****4. PKELANG671 words
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Advertisement1061 1979-03-23 15 GRANARD LINE •ELM#! t OEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST MEDITERRANEAN My MM AN V MV SAMOS PROGRESS M V MM HMC Sp«re f Ketang Penang 2AprICfte 19 Apr 17 Ma, *U VESSELS ACCEPTM6 CONTAMER CARGO EAST BOUND-MEDITERRANEAN/FM EAST MM/r Sudan P SMI Aleundria. Beirrt iMwjjot Lattakia Pvcms lux*1,061 words
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Advertisement872 1979-03-23 15 HPT* IS/4 20 4 BEN LINE CONTAINERS EXPRESS com WHO SERVICE TO/FROM EUROPE HOUtG B HAVEN ROAM HAVRE SOTO TO MOW S port P Keiang Geimanr Austria Antwerp Fianct Mu I Iwtei Mara 21/3 21/3 15/4 21/4 22/4 24/4 17/ Nm|A**| Eiprtss 5/4 25/4 27/4 20/4 (4/$) jj/, IMif* l»T872 words
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Advertisement638 1979-03-23 15 Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE 22/4 24/4 in W M 11/5 IS/5 n/i a/s 28/5 22/5 M Mb miak c«f* la BawgkMu P Ida* tM t l<la| dboct 2/S EASTBOUND FROM MED/UK/NC/ SCANDINAVIA •> Chcj Hhif| Ji Bw (I Msefes 1) Data. StockM* CM* MM 2) C»iHm» Mm638 words
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Advertisement703 1979-03-23 15 "8® BOUSTEAD SH,PP,,MG AGENCIES THE BANK LINE LTD GOMAfBAM ißruiwwi Dufb.tr, I I PI Capetown > LOADS FOR E. S. AFRICA Spoff 71 31 Mar P Aetong 1 2 Apr (ROM (AST SOUTH AFRICA tOR BANGKOK MAMA Penang P Mint 5 9 Apr S pore 10//12 Apr U.S. GULF COAST703 words
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Page 16 Advertisements
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Advertisement864 1979-03-23 16 K line VKAWASAKI KISEN KAISHA. LTD. t jPOPt EXPRtSS SF* -ICt BHiof.l :<yn S» ARtHIR 6W N„i ORN I.H» r paw is* n rum i«w TO EUROPE P KHaag l Haute R dam 24 MUr 9 Apt 10 Apt 79 Mar IS Apr 16 Apt 6 Apr 23 Apr 1*864 words
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Advertisement914 1979-03-23 16 U.S.A./EAST CANADA SERVICE AccfPTMG ra/ia contawrs fmm penang r neiang. sto* im*« tar. K* ran. noreoln Penang BMoan P ««H S«| E.C./CREAT LAKES SERVICE LOADMG FOR XIV TOW. WBEOU. MLTiWE. PW.AKLPIOA. MONTREAL. TONOMTO Penang 6eta-an P Wang Saigapore ARINMfIMI f«ffy 0/8 May 9/10 Mw 11/13 Ifcy CALIFORNIA/PACIFIC NORTH WEST SERVICE914 words
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Advertisement517 1979-03-23 16 r~ W AR* E TELt* o H (.roup SINGAPORE SHIPPING AGENCIES PTE LTD 20TM FLOOB OCEAN BuHO'NG SINGAPORE 1 Ting 9 ii* 4 J USES' GENERAI. 9' 3" 114 tINE Si «S 2459S RS SiShß A B CARSMIP CABIE CARGOSMIP jr m SINGAPORE LSI. I \/>.S USE MWDI t KAST517 words
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Advertisement706 1979-03-23 16 INTtHNATIOHAI SHIPPING COPPOPATtON BfPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA Aho acceptmj inter med*te car|o lo Hoflfkoof I Japan EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T| Man, S pore P Keia«| Penam Lufc| tar B WiO* 4/6 Apr 8/10 Apr 11/12 Apr Btona 27/4. Bremen 4/5. Hb( (only later) 7/5. Ldon706 words
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Advertisement846 1979-03-23 16 INTRASEA (PTE) LTD Faber House 234E Orchard Road Singapore 9 Telephone *****1 1 *****57 <$> *ro*ussiA e *iZfirac HGUIU SOi/FULt CONTAKR SERVICE 10 EUROPf s P Mtaai Penang tu*« tar IJJ™ MM* 21 Mar Rortcrimi AMhmp Avon T* mX} (ft* *j» Rotterdam, HaaburgTi. Ageßt: Sagapar* BTUSU (TIT) LIB 2352(11 BOOM846 words
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Page 17 Advertisements
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Advertisement265 1979-03-23 17 i r i Im in INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST MO OOECT UNO! SERVICE TO EGYPT (PORT SAO ALEXANDRIA) 2 STONE PT KEL fOMNE PT SUEZ PT SAO ALEX I TARNS SjM IMb khrt Apr I Apr 12 Apr 17 JMI U Apr 1J Mm 4 Iky II Mm265 words
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Advertisement285 1979-03-23 17 ALFRED C. TOEPFER LINE REGULAR SERVICE TO MEDfTERItAIEAN PORTS OF ITALY, SPAM, FRANCE TIBER SERVICE S parc t. Katanf Dhdurcht P«rt» BASEL Mm SATfOW OtYinCS t Apr 1« Apr LaSpuia. MaMalcaw. MM mTERfPIODRI TRWIiPORT EXCEL MARITIME (8) PTE. LTD Ratal M, ttt Ftaar. Um Hu4 Mb 163, Trn Slrta<. 2.285 words
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Advertisement255 1979-03-23 17 *.TS FARGO SHIPPING COMPANY (PTE.) LTD. 807 BTH FLOOR OCE A\ BUI LDI \'G S PORf i TEL *****5 EXCLUSIVE LASH SEkVICE •TO U.S. ATLANTIC GULF tmm f SN 11/55 ca CM CM MMb MM* HI U/StCtt ntm t*l IHr I m*7 Ml rat lit dm* 2M CM M Qm4255 words
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Advertisement195 1979-03-23 17 NIGERIAN NATIONAL SHIPPING LINE NNSLFAR EAST/WEST AFRICA RIVER JIMINI (built 1879) for Legos ETA Pt Harcourt ETA Singepore .24/25 April 17 May 25 May (accepting braakbulk/containara) ons BOUSTEAD SHAPING AGENCIES Tel: S pore *****4 (Soles: *****5/*****5) \\A ySAM ICK Lir\ts nm KOKA/TMNM/HONC ROM TO SSMPOtE Inchon Busan Keehinj HKonj Spore195 words
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Advertisement56 1979-03-23 17 Zim TV 5 NOTICES -NANCOWBYVOY: S3 arrived ltth March, I*7l. at P-B.A. Godawa Noa. 42/43. General Survey of dtma<ed cargo n the above vessel will be held on Monday 2Mb March. 1979. as from 9 00 i.m to 5.00 p.m No further survey will held after this date. Aaeats:R- JVM56 words
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