The Business Times, 3 April 1979

Microfilm: NL10129
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. Ut/1/19 TUESDAY, APRIL J, if» 50CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Honda in UK?
      52 1 Reuter LONDON, Mon. Japan's giant Honda Motor Company is negotiating with the state-owned British Leyland group for a licence to produce Honda cars in Britain, reliable sources said here today. I. British Leyland and Honda's representatives in London both declined to comment on reports of the controversial
      Reuter  -  52 words
    • Article
      Lock icon Embassy under fire
      51 1 UPI BEIRUT, Mon. The US embassy here was attacked, apparently by rocketfire, today as Arab to the US sponsored Egyptian-Israeli peace treaty intensified. Embassy officials said the building was damaged in the attaek, but there were no casualties. They said they did not know who was responsible.
      UPI  -  51 words
    • Article
      Lock icon Airfare consensus
      52 1 UPI GENEVA, Mon. World airlines agreed today to ask governments to approve an average 7 per cent increase in fares and cargo rates to compensate for soaring jet fuel prices. Airline representatives, meeting for the past six days, reached consensus that the increases should come into force in
      UPI  -  52 words
    • Article
      Lock icon Oil premiums
      58 1 UPI NICOSIA, Mon. Most Opec nations can be expected to charge premiums for their oil at least until the next ministerial meeting at the end af June, the authoritative Middle East Economic Survey said today. It said Opec circles believe the surcharges will remain in effect as long
      UPI  -  58 words
    • Article
      Lock icon Civil servants strike
      78 1 Reuter LONDON, Mon. Between a quarter and a half million British civil servants walked off the job in 4 24-hour strike for higher pay today, disrupting government offices and computers, hitting airports and flight schedules, closing museums and the Tower of London and leaving even Buckingham Palace
      Reuter  -  78 words
    • Article
      Lock icon Deadly bubble
      70 1 AFP HARRISBURG, Pennsylvania, Mon. The potentially explosive gas bubble that formed in the top fH the reactor dome at the Three Mile Island nuclear plant has almost disappeared, it was announced here today. -7 A spokesman for the Metropolitan Edison, part-owners of the plant, said the bubble had
      AFP  -  70 words
    • Article
      Lock icon Dow Jones
      92 1 AP "NEW YORK, Mon.— The stock market declined ftroadly today amid general caution over the Energy outlook. The Dow Jones average of 30 industrials fell 6.06 points to 856.12 in the first half hour. Losers tnitnumbered gainers by close to a 2-1 margin in the early tally of
      AP  -  92 words
  • Chief Price Changes
    • Article
      SINGAPORE
      133 1 Rises Most Active Ajinomoto Kramat 288 356 40 20 F Merlin 1,238,000 8»l Properties 243 18 City Dev 578,000 Sin Heng Chan 180 9 High Low 318,000 Apollo 296 6 G Lumber 190,000 Sthn Kinta Straits Trading .Tractors 690 595 560 5 5 5 Total Turnover: 5.91m Total Value:
      133 words
    • Article, Illustration
      KUALA LUMPUR
      155 1 Falls Most Active Tronoh Kg Lanjut L Perak Magnum HBT 905 250 338 410 208 1 1 1 1 1 88EC8 High A Low 323,000 J C Ent 312,000 Pahang Cons 204,000 G Lumber 147,000 Total Turnover: 3.48m Total Value: M$8.17m Rises Indices Mar 29 Apr2 SH Prop
      155 words
  • Article
    Chinese offer SIA three cities
    680 1  -  TAKE-OFF THIS YEAR By WANG LOOK KEAH CHINA has offered three destinations Beijing (Peking), Shanghai and Guangzhou (Canton) to Singapore Airlines for its Singapore-China service expected to begin this year. SIA will initially fly to Beijing as business and tourist traffic heading for the capital
    680 words
  • Article
    Lock icon Record fall in Tokyo reserves
    261 1 Reuter AFP THE JAPANESE Finance Ministry said yesterday that Japan's external reserves fell by a record US$3.B7 billion (558.39 billion) in March as the government spent an estimated $3.5 billion defending the sagging yen. The Ministry reported that external reserves, consisting mostly of nonyen currencies
    Reuter; AFP  -  261 words
  • Article
    Electronics to forge ahead of competitors
    617 1  -  By FONG MEW LENG THE STAGE is set for Singapore's electronics industry to advance and outpace technologically close competitors like Taiwan and Korea. At least (our companies here, all Japanese ventures, will launch into the manufacture of high fidelity (hi-fi) and stereophonic equipment from
    617 words
  • Article
    Calling all accountants
    128 1 ACCOUNTANTS have been reminded that if less than 200 of them turn up for the annual general meeting of the Singapore Society of Accountants, the new managing council of the society will be appointed by the Government. The society will bold its next meeting at the Regional
    128 words
  • Article, Illustration
    EX-URA CHIEF NAMED A UOL DIRECTOR
    228 1 THE farmer general manager ef the Urhaa Redevelapmeat Authority, Mr Aiaa Chee (above), has been appelated ta the heard ef United Overseas Laad. The simnltnaeees appelatmeat to the heard ti Mr Chee aad Mr Yee Yong Slang, earrent general manager el UOL, bring* the
    228 words
  • Article
    Asean experts to prove that Qantas won't be hit
    334 1 THE ASEAN Committee on Transport and Communications (Cotac) has formed two specialised groups to study in detail the implications of Asean carriers' participation in the Australia-UK/Europe low-fare scheme. One of the proposals being considered by a fare structures group comprising officials
    334 words
  • Article
    Lock icon Tailors' grouse
    111 1 AFP FIFTY per cenl of garments made in Singapore are marketed in Indonesia according to estimates by Indonesian officials, a statement of the Indonesian Tailors Association said yesterday. According to the statement signed by its. chairman, Mr Martono Soemodinoto, the tendency for taking in Singaporemade garments has been
    AFP  -  111 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      17 1 IL V, V IAI that puis no punches. SEE BACK PAGE SEE PAGE 5 SEE PAGE 5
      17 words
    • Advertisement
      Page 1 Advertisements Column 2
      28 1 Predators Top cats on the prowlgreen after green lynx Predators Investment Cast Woods ar»d Irons definitely is your club A»ai!at) e from ie.itfnq spc" jnc pre sf' o
      28 words
    • Advertisement
      Page 1 Advertisements Column 3
      64 1 imm INT HARVESTER speeds sp parte delivery I NEW deal la commercial us s THINK teaks hares real trstk FOCUS sa Mswlai Majsr SHIPPING TIMES MODUB speraadi sf Baak sf Tskys's eMef dealer t 8-EA Limtor Is set far impressive galas U NEW depaty ekalrmaa fsr Sembawaagyard It MEMOPAD 2,
      64 words
    • Advertisement
      Page 1 Advertisements Column 4
      53 1 Preferred by offices worldwide. CALL *****33. Wywy Private Limited Suite 3901 39th Fl Hong Leong Building 16 Rattles Quay Singapore 1 1* i.. >- :i *T. BUSINESS MACHINE S PTE 1?3 D 131 U B „,f, K, Hf.jd. JIC Bt. 1 'I't i- l? tit..- M ,r >Bc C.it. T
      53 words
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  • TRADE AND INDUSTRY
    • Article
      New deal from VITB
      514 2  -  By GOH ENG KEE THE Vocational and Industrial Training Board (VITB), an amalgamation of the Industrial Training Board and the Adult Education Board, represents a "new deal" for commercial education. This was stated by Dr Ahmad Mattar, Minister-in-charge and chairman of VITB, at the board's inaugural
      514 words
    • Article
      Meeting of world linguists here for six days
      137 2 A SIX-DAY international conference on bilingualism will be held in Singapore at the Regional Language Centre from April 16. Experts from more than 20 countries will discuss the social, cultural and linguistic aspects of bilingualism, personality and cognitive development of bilinguists and
      137 words
    • Article, Illustration
      PART AND PARCEL OF IH SERVICE
      293 2 INTERNATION AL Ha r ves ter (IH) expects sales of its parts through Singapore to increase by more than 40 per cent by end-1981, and to double by end-1963. The American company opens its parts distribution centre in Jurong today. Mr K.P. Mazurek, president
      293 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      230 2 MISS Fraaces Sim 01 Pali has joined Cable and Wireless Systems as an accountant. Formerly with NMB Singapore, Miss Sim will be responsible for introducing computerised accounting for Cable and Wireless Systems Singapore and regional operations. Mr Dtuy K»h Kay Yaag has been appointed conventions services officer
      230 words
    • Article
      NPB LINES UP APRIL COURSES
      404 2 THE NATIONAL Productivity Board (NPB) will organise a course on Business Management Module n Managerial Accounting and Finance from April 2 to 27 at the Regional Language Centre. Lessons will be on every Monday, Wednesday and Friday, and are designed to provide knowledge essential for
      404 words
    • Article
      Birkhart acts as agent
      37 2 BIRKHART South East Asia, a Singapore freight forwarder firm criticised by a leading Malaysian rubber producer of levelling "atrocious" freight rate increases, has pointed out that it is only acting as an agent.
      37 words
    • Article, Illustration
      Dallas trip for Texas girl Saminah
      242 2 TEXAS Instruments (TI) i Singapore has selected production operator Saminah Osman to represent the company at the 1979 stock- holders' meeting in Dallas. Miss Saminah, together with operators from Tl's other overseas subsidiaries, will leave for Dallas soon. During their four-day visit, they will
      242 words
    • Article
      STPB's 4 new tours
      123 2 THE Singapore Tourist Promotion Board (STPB) has come up with four new tours based on the twelve best entries for the competition entitled "If I were a Visitor." The competition, held last October, aimed at discovering new places of interest in Singapore. This is essential because
      123 words
    • Article
      MEMO PAD
      552 2 COURSES AND TALKS Feb 5-Apr 14: Diploma in Life Insurance, SITC, SITC March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development Mar 20-April 6: Manpower Planning and Employee Recruitment, Holiday Inn, Personnel and Organisation Development Mar 26-April 6: Income tax law and practice module
      552 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      635 2 LI TWO-IB-CRYPTIC PUZZLE ACROSS 4 All-round ornament (6) 7 Great man, but hard-fist-ed? (4, 4) 8 The figure to lash out to be generous (6) 10 For a friend to hiss is wrong! (5) 13 Someone you're a bit pally with (4) 14 Stammering girl? (4) 15 Name of Abraham
      635 words
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  • REGIONAL
    • Article
      Lock icon Hanoi accuses Beijing of squatting on border areas
      372 3 Reuter WITH prospects of negotia- tions looking increasingly Tdim, Vietnam yesterday ac- 1 used China of planning 1 ■permanent occupation of 1 »some of its order areas, •v Hanoi's army newspaper 1 Quandoi Nhan Dan, quoted »by the Vietnam News Agen- (VNA),
      Reuter  -  372 words
    • Article
      Lock icon Seoul team goes on a $4.3b US mission
      187 3 AP A SOUTH Korean purchasing mission left yesterday 'for the United States to buy US$2 billion (about 554.3 bil- lion) worth of goods to help ease Seoul's trade surplus against the US. The American government has pressed South Korea to take action
      AP  -  187 words
    • Article
      Lock icon Bank sees 8pc inflation in Australia
      378 3 Reuter RECENT growth in money supply and in domestic and foreign prices suggests the underlying annual inflation rate in Australia will average around 8 per cent this year, the Australia and New Zealand Banking Group Ltd said. In its latest business indicators publication, the
      Reuter  -  378 words
    • Article
      Lock icon Indonesian inflation rate higher
      108 3 AFP INDONESIA'S rate of inflation reached 11.82 per cent during the past year, from April 1, 1978 to March 31, 1979, an increase of about 3 per cent over the previous year. Trade Minister Radius Prawiro said the increase was primarily caused by the rupiah devaluation
      AFP  -  108 words
    • Article
      Lock icon KL ECONOMIC GROWTH
      73 3 UPI MALAYSIA'S gross national product last year grew by 7.5 per cent despite sluggish growth in world trade. The Malaysian central bank said the growth rate, which compares favourably with the 7.2 per cent of the previous year, "was sustain- Ed by domestic demand, with the private
      UPI  -  73 words
    • Article
      Lock icon CANBERRA TO LOWER DUTY ON TYRE IMPORTS
      171 3 Reuter THE PRESENT M per cent daty m imparts of passenger car, toiry aad has tyres lata Aastralla will be redaced la stages ta 2S per eeat la I*2, a government statement said. The daty will be lowered ta 3S per eeat la
      Reuter  -  171 words
    • Article
      Lock icon Manila reviews import tariffs
      100 3 Reuter THE PHILIPPINES is reviewing the current tariff structure of imported raw materials for major industries and may lower them to help local manufacturers, Economic Planning Minister Gerardo Sicat said. In a television interview on Sunday night, he said the government is also reviewing its investment
      Reuter  -  100 words
    • Article, Illustration
      Lock icon US rejection of bid proposals shocks Ohira
      508 3 Reuter UPI JAPANESE Prime Minister Masayoshi Ohira told Parliament yesterday he was shocked to learn a Japanese proposal on government procurements had failed to become even a basis for negotiations with the United States. Japan's chief trade representative, Mr Nobuhiko Ushiba, flew back
      Reuter; UPI  -  508 words
    • Article
      Lock icon Three US firms to design Beijing trade complex
      214 3 AP A CONSORTIUM of three American companies signed a contract yesterday with China to design a US$5OO million (SSI.OB billion) foreign trade complex in the centre of Beijing (Peking). The agreement was made with Kaiaer Engineers of Oakland, California; Turner International Industries,
      AP  -  214 words
    • Article
      Chinese buy Matsushita TV sets
      91 3 MATSUSHITA Electric Industrial Company announced yesterday that China has ordered 200,000 of its black and white television sets. A Matsushita official said China's National Light Industrial Products Import and Export Corporation has requested shipment of more than 30,000 26cm sets a month from June to
      91 words
    • Article
      Lock icon China cracking down
      312 3 UPI CHINA hardened its stand against demonstration and critical wall posters yesterday saying that "abstract talk about democracy will only lead to anarchism". A major commentary in the official party newspaper, the People's Daily, said wrong ideas must be rejected and worthy ones can only be tackled
      UPI  -  312 words
    • Article
      Lock icon Indonesia optimistic
      66 3 AFP INDONESIA is hopeful it will get the needed aid of US$2 billion (554.2 billion) for the 1979-90 fiscal year from its creditor countries, officials said. The creditor countries, which belong to the Intergovernmental Group on Indonesia (IGGI), will have a three-day meeting in Amsterdam, Holland, starting today
      AFP  -  66 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      170 3 all day, everyday The Carrier Man will be glad to give you the answer. It's the Weathermaker, the Carrier central aircon system that keeps customers cool and coming back for more. The Weathermaker and A&W have been in business together since the first A&W was opened in Petaling Jaya. And
      170 words
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  • RAW MATERIALS
    • Article
      Lock icon BUMPER RICE CROPS SEEN
      175 4 AFP THE UNITED NATIONS Feed and Agriculture Organisation (FAO) has projected that favourable rice harvests in producing countries would result in exportable surpluses this year. FAO regional director, Dioscoro Umali, in a published report said that the volume of rice trade this year is forecast at
      AFP  -  175 words
    • Article
      Lock icon Philippine export earnings to rise
      168 4 UPI A NEW economic and market intelligence group has predicted Philippine copper earnings will increase by 30 per cent, the wood sector by 7 per cent and sugar will maintain its 1978 earnings. Econotec Inc. has assessed a 30 per cent increase this year over
      UPI  -  168 words
    • Article
      Lock icon Zaire fulfilling all copper contracts
      193 4 Reuter ZAIRE is meeting all its March copper contracts in full and Zaire copper production this month will rise to 32,000 tonnes from 18,000 each in January and February, a spokesman for the state metals trading company, Sozacom, said. The spokesman was commenting on London
      Reuter  -  193 words
    • Article
      Lock icon Sugar trading slightly firmer
      201 4 AFP SLIGHTLY firmer conditions in the sugar market emerged a week ago but these have not been maintained, write Czamikow in their latest review. Much of the activity lately has concerned white sugar. At a tender held in Tunisia on Friday, the authorities purchased 10,000 tonnes
      AFP  -  201 words
    • Article
      RUBBER
      348 4 OPENING prices in Singapore yesterday were marked up slightly on afterhours steadiness last Friday. The market later gained further ground on speculative buying, nearby demand and sellers' resistance, dealers said. April rose to a high of 273.00 cents before profittaking emerged to pare the gain slightly. The morning session
      348 words
    • Article
      RAS PRICES
      418 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 l.o.b. 272.50 273. SON ***** 272.OON Int. 1 R.S.S. Apnl 272 50 273.50 ***** 271.50 Int. 1 R.S.S. May 270 00 270 50 268 50 269 00
      418 words
    • Article
      SSR and SMR
      117 4 NOON SSR RAS SSR 20 SSR SO MRELB «nd SMR prwt (I ton pallet) (l ion pallet) yesterday: April (Carreat Mtfc) Buyer* Sellers 280 00 280.00N 257 00 2S900N May (Forward Mth) Bayer* Sailer* 261 00 263 OON .256 00 260 OON SMRCV SMRSL SMRGP SMR S
      117 words
    • Article
      Closing prices
      30 4 Rubber: April 2 Singapore: April: 271.00 cents (up 1.75 cents) Malaysia: April: 273.50 cents (up 3.50 cents) Tin: $1,923 (down $37) Official offering: 280 tonnes (up 95 tonnes)
      30 words
    • Article
      Straits tin
      81 4 THE STRAITS tia price la Pemc yesterday fell Ms 37 te $1,823 per pical, te staad |£B above the lateraatleaal Tia Agreement celliag. The market weakeaed following a large sapply of tia metal concentrate by miners aad lack s( strong baylag frem all ssarces aad a weaker Leadea
      81 words
    • Article
      Lock icon Sugar sale by Mexico
      103 4 Reuter SUGAR traders in New York say Mexico has sold 20,000 tonnes of raw sugar to a US trade house for April shipment, but they have no indication of an additional sale of two cargoes. They were commenting on recent London trade reports that Mexico sold
      Reuter  -  103 words
    • Article
      Produce exchange
      281 4 QUIET trading persisted on the Singapore produce market yesterday. Over the weekend, black pepper firmed by $2.50 to $192.50 (or Sarawak special. $217.50 for Sarawak special black and $225 for Lara pong. In the coffee bean section, little fresh news arrived to excite the market. Coffee prices held
      281 words
    • Article
      Hongkong Comex
      158 4 THE SUGAR futures market yesterday remained quiet with prices virtually unquoted for most of the day, dealers said. May closed at 8.51/53 US cents against Friday's 8.55/ 61 close, July at 8.75/77 against 8.80/90 and March at 9.73/74 against 9.75/85 cents. Two lots were traded against none on
      158 words
    • Article
      Textiles
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (la HK dollar*, spcx ex-godown) Mm ywi: China Blue Phoenix 20s 2,440; 32s 2.95; 40s 3.105 (per bale at 400 lbs) Pteee pifc: China Butterfly and Globe brand unq; Dragon Head unq; Five Lamb* unq; Flower and Butterfly
      193 words
    • Article
      Rice
      333 4 SINGAPORE: Yesterday's closing prices in St per kilo, ex-godown: THAI WHITE: 100 per cent flrat ctaaa (Kangaroo) new crop 0 S5. 100 per cent aecood class O.K. 110 per cent third ciaas OS3, S per cent new crop no Mock, B-10 per cent 0 75 THAI BROKEN: A*uper 00.
      333 words
    • Article
      Palm oil
      66 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated LONDON: Malaysian 5Hffa bulk per tonne PH PrevtMs May unch 684slr Sumatra 5* ffa bulk March unch 710slr April unch 7Q2'*»pd May SOfialr 692 /695pd June Mslr/MOpd 682'i/Q85pd July 675s lr 687'ipd Nigeria S* ffa bulk
      66 words
    • Article
      Lock icon China unlikely to cut back on US grain imports
      580 4 Reuter CHINA'S imports of US agricultural products could reach US$lO billion (about Ss22 billion) annually by 1965. US Feed Grains Council president Darwin Stolte predicted that US farm exports will total $50 billion in 1965. Chinese imports of US agricultural goods
      Reuter  -  580 words
    • Article
      LONDON MARKETS
      696 4 OILSEEDS: Brokers reported extremely quiet vegetable oils and seeds market yesterday. Buyers were very reserved despite sellers reducing their prices slightly following the limited decline in Chicago on Friday. Traders were still awaiting news of the result of Iran's import tender for crude soybean oil and refined edible
      696 words
    • Article
      Lock icon Merger of New York commodity exchanges
      164 4 Reuter MEMBERS of the New York Coffee and Sugar Exchange and members of the New York Cocoa Exchange will probably vote in early May on the proposed merger of the two exchanges, their respective presidents said. Coffee/Sugar president Bennett Corn and Cocoa president Walter
      Reuter  -  164 words
    • Article
      Lock icon Atherton cancels shareholders' meeting
      252 4 Reuter ATHERTON Antimony NL said it cancelled an extraordinary general meeting of shareholders, called for today to approve an increase in Atherton's stake in the Vuda gold prospect in Fiji, following a recent check of assay results from the site. Placer Austex Pty Ltd, a wholly-owned
      Reuter  -  252 words
    • Article
      Lock icon EEC grain sales
      133 4 Reuter THE EUROPEAN Economic Community (EEC) Commission authorised exports of 85,000 tonnes soft wheat to all areas except zones four and seven after 100,000 tonnes last week, commission sources said. The maximum export rebate was cut to 72.00 units of account per tonne from 73.24 ua. There
      Reuter  -  133 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      268 4 X X v- V k! < 1 A Nl TV K -S > V v vO o e fvV V qV^ O* that's the inevitable conclusion reached in the most comprehensive agricultural survey ever undertaken in Asia. And it will happen sooner than expected within the next decade in fact.
      268 words
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      Page 4 Advertisements Column 2
      9 4 I nofficial closing prices London metals on back P»*«•
      9 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon N-PLANTS' FUTURE DIM
      580 5 NYT 1 THE accident at the American Three-Mile Island nuclear power plant in Pennsylvania means that a nuclear solution to the country's energy problem is in jeopardy at a time when there are no other more promising options. I'v The utilities that sell nuclear power suspect that
      NYT; Source: UPI photo  -  580 words
    • Article
      Lock icon PLO vows to zero in on US property
      303 5 Reuter A PALISTIAN commando leader, predicting "days of hellfire and brimstone," was 1 quoted in Beirut as saying on Sunday that guerrillas aimed to attack American property and interests as well as those who cooperat"ed with the United States. Hani Al-Hassan, Palestine
      Reuter  -  303 words
    • Article
      Lock icon US trucking firms call for lockout
      130 5 NYT US TRUCKING industry leaders had called for a "nation-wide lockout of 300,000 Teamsters Union drivers and warehousemen as a response to the union's divide-rand-conquer tactics. Early on Sunday morning, the International Brotherhood of Teamsters called v a strike against selected trucking companies across
      NYT  -  130 words
    • WORLD IN BRIEF
      • Article
        Lock icon TREATY RETHINK
        527 5 Agencies CHINA discussed the possibility of scrapping its 1960 alliance treaty with the Soviet Union in a standing committee meeting of the fifth. national people's congress convened in Beijing on Sunday, Japan's Kyodo News Service reported. Kyodo said official announcement on the abrogation of the treaty, if approved,
        Agencies  -  527 words
    • Article
      Lock icon Plan for civil unrest by 500,000
      210 5 UPI MORE THAN 500,000 civil servants in Britain yesterday planned a nationwide strike that threatened to clog airports, bog down government administration and maybe even spoil the broth in Buckingham Palace. A stoppage by immigration officials and air traffic controllers at London's Heathrow Airport
      UPI  -  210 words
    • Article
      Lock icon Oil imports not biggest cause of US deficit
      589 5 UPI OIL IMPORTS are not the only, or even the biggest, cause of the mounting trade deficit in the United States, says a survey just concluded by Heritage Foundation of Washington. The study, prepared by policy analyst Susan Woodard, points out that
      UPI  -  589 words
    • Article
      Lock icon Brezhnev living on 'borrowed time'
      115 5 AFP THE HEALTH of Soviet President Leonid Brezhnev suffered "a serious collapse in the past 48 hours", according to the Daily Express published in London yesterday. Specialists in arterial sclerosis from five Western countries were examining the Soviet President who "has been living on borrowed
      AFP  -  115 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      766 5 ARRIVALS Service Local Operator Nanther Tine From MAS MH682 0710 KCH SIA SQ101 0815 KUL MAS MH621 0640 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CB14 1000 HLP CPA CX710 1006 HLP GIA GAM) 1030 HLP MAS MH605 IOC KUL SIA SQ103 1045 KUL
      766 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      208 5 Wa are pleased to announce the opening off Commerzbank (South East Asia) UcL Commerzbank, one of m m w West Germany's "Big Three* 1 M I commercial banks with I I ®V M consolidated assets of more A A than US 45 billion, has opened a wholly-owned Q jr subsidiary
      208 words
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  • Article
    The humanities plus science formula
    472 6 OFFERING pre-university and university scholarships to students of the humanities is, to many, a dream come true. There are many Singaporeans who surely regret that they are long past the school-going age. For too long, the arts subjects were considered "soft," of no value whatsoever
    472 words
  • Article
    New directions in commercial studies
    317 6 THE CLEAR enunciation of VITB policy on commercial education in Singapore is the first sign of concerted government action in a field of endeavour as important as industrial training. The commerce and service sector has no less a vital part to play as industries in
    317 words
  • Article
    Pertamina is moving again
    1648 6  -  FOCUS ON INDONESIA The bulk of Indonesia's domestic revenues and her foreign exchange earnings are derived from oil. The Government has accepted that it must reduce this dependence and is making an all out drive to improve exports of other goods. However, as A. KADIR JASIN
    1,648 words
  • Article
    PREVENTIVE MEDICINE
    1572 6  -  By DILIP MUKERJEE INDONESIA faces a difficult year in 1979: this is the near unanimous view of both domestic and foreign businessmen as they wrestle with the problems which suddenly confront them in the wake of the devaluation of the rupiah last November. The governor of Bank Indonesia,
    1,572 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      234 6 \vbtifc P SK avm 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
      234 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      35 6 BriKtc^lJ'raiakliLctenS ooNos-Heߣs THE. NGXT> c npfnes crcw pctvoj HOVCL "OffeRPOoN UUIT£ CUEPMFSMT 5! rr is veßy k«o of NGu -TO Offfeß "53 oEf=O IT "MGOUCbH 6y INSHM_POOsITS *MD OfftEß C£iT\OSpn PSMO i Pm ivEKy GSfVTejFUL
      35 words
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  • Article, Illustration
    Raising domestic funds could prove the hard part
    1502 7 FOCUS ON INDONESIA "One way or another there should -be no insuperable problems in raising the foreign funds required .tor the third plan. But whether the component will be forthscorning will depend partly on the political stamina and partly on its ability
    1,502 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      241 7 i? U y 9 it: <* v •V 4^' ES 2* < II la II lon oosis in the ooent 214 Duneorn Rood. Singapore 11 Tel: *****2 Everything's here at the Mirabelle All the ingredients for an enchanted evening are here. Superb Continental cuisine and choicest vintage wines. In an
      241 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      649 7 liwl exactly There's Qaaley, M.E. at lilfi. Nwilly tke sert sf programme that Is ealy sappertlve to a geed WfWing t ißlw 18 praetleally tke highlight ef tke Bight's Eagliah pregramme*. It's a tu sert ef detective series, la tke sf this aeries is as aa- ly, tkere Is always
      649 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Tight liquidity rumours hurt Tokyo stocks
      597 8 TOKYO Source: DBS-Daiwa ri tHE MARKET was ex"tremely bearish on rumours '*¥hat the Bank of Japan will tighten money and of unsta,&le economic relationship between the US and Japan. vj The Nikkei Dow-Jones -average posted the third -biggest drop this year and '"broke below
      Source: DBS-Daiwa  -  597 words
    • Article
      Lock icon Bangkok
      295 8 Reuter THE STOCK market closed mixed, dealers said. Bank of Ayudhaya dropped 14 baht to 236, First Trust 22 to 334, Raja Finance 12 to 874, Bangkok Investment eight to 294 and Siam Cement 10 to 430. Charrong Thai Wire and J. Ho increased by four each to 187
      Reuter  -  295 words
    • Article
      Sydney
      367 8 THE Harrisburg nuclear power station malfunction in the US focuased share market attention onto uranium issues which fell sharply in trading yesterday, dealers said. The all ordinaries eased 2.47 points to 587.06 and not even another gain for BHP was able to prevent this. The uraniums fell as soon
      367 words
    • Article
      Manila
      100 8 APR OB Pesos Acoje Mining 0006 -0 0002 Atlas Con A Atlas Con. B 24 70 -0.3 Baguio Gold 0105 unch Benguet Con B BF Goodrich 29 00 0.5 CDCP -0.1 Ineo B Landoil 015 0001 Lr panto B 2SS0 -0005 Marlnduque B 760 -006 Meralco 21 20 -0.4
      100 words
    • Article
      Selected indices
      31 8 H.K.HANO 8ENO Monday 528.54 Friday 537 86 Week Ago 555.56 SYDNEY INDUSTRIALS Monday 485.56 Friday 485 94 Week Ago 484.73 ALL ORDINARIES Monday 587.06 Friday 589.53 Week Ago 587.83
      31 words
    • Article
      Lock icon Carrier accepts United's merger terms
      209 8 Reuter UNITED Technologies and Carrier said they agreed in principle on terms of a merger under which Carrier will become a wholly-owned subsidiary of United. United owns about 49 per cent of Carrier's voting securities, whcih were acquired in a cash tender offer and in
      Reuter  -  209 words
    • Article
      Lock icon Hongkong
      361 8 Reuter SHARE prices closed easier '"following the continued ■weakness of the Hongkong i dollar, and the Hang Seng -index fell 8.12 points to 529.54, dealers said. Trading was dull and -4hin, while selling interests focussed on market leaders. Hongkong Bank eased 10 cents to $12.90 Hongkong Electric 15 cents
      Reuter  -  361 words
    • Article
      Another record year for HK Land
      424 8 THE DIRECTORS of the Hongkong Land Company Ltd, owners of Fitzpatrick's Food Supplies (Far East) Ltd, has announced another record net profit after tax, for the year ended Dec 31, 1978, of £122.5 million, compared with an adjusted £98.8 million for 1977, a 24
      424 words
    • Article
      Lock icon The man responsible for Bache takeover
      1670 8 NYT ON A SUNDAY morning last June, directors of the Bache group gathered far an emergency meeting at the firm's Manhattan headquarters. The only item on the agenda: The threat of a takeover attempt. A widely known Wall Street figure, Gerald Tsai, who controlled
      NYT  -  1,670 words
    • Article
      Lock icon C'WEALTH EDISON UP
      272 8 Reuter CONSOLIDATED Edison has reported that earnings per share for the full year ended Feb 28, 1979, rose to US$3.O2 from $2.82 previously. Net profit increased to $235.57 million against $195.22 million. Operating revenues also rose to $2.47 billion, up from $2.16 billion. (Net is after preferred
      Reuter  -  272 words
    • Article, Illustration
      IT SEES BY SOUND...
      189 8 YES! ITS TELE, thb pertaMe aairr water trlrvWaa ayatem (*M*ve) "aeee" by Mud timtemd Ifcfct, nmkiag It pMriMe to view MkMerged ebjeeto la mm vWWltty. Devetoped by EMI Beetraaka la Ma then Eagtaad, it b datoed la be the warMPe Ant, aad ieual|j was the prMtlgiaaa
      189 words
    • Article
      Lock icon CHRYSLER AUST FORECASTS RECOVERY
      148 8 Reuter CHRYSLER Australia said it has traded profitably since Feb 1, 1979, after several years of losses, and expects to continue to operate profitably given reasonable trading conditions and no serious setback in 'the Australian economy. As earlier reported, the company's operating loss fell to $18.21
      Reuter  -  148 words
    • Article
      Lock icon Volvo still losing
      68 8 Reuter VOLVO CAR'S losses to date are running slightly higher than expected when a financial support operation was announced in January 1978, a company spokesman said. The company's losses were estimated at around' 237 million guilders in the three years 1978 to 1980 inclusive. However, sales snd
      Reuter  -  68 words
    • Article
      Lock icon General Motors raises 1979 car prices by 2.1pc
      197 8 Reuter GENERAL MOTORS said it will raise prices on its 1979 cars by an average of US$l3l or 2.1 per cent effective immediately. The company said the price increase is structured to encourage the purchase of its more fuel-efficient vehicles, with the
      Reuter  -  197 words
    • Article
      Lock icon AMC expects to up capital spending
      181 8 Reuter AMERICAN Motors expects capital spending for the current fiscal year to be around US$llO million. Chairman and chief executive officer Gerald Meyers said the figure excludes some $27.5 mllion to be spent over the next two years for a 50 per cent increase
      Reuter  -  181 words
    • Article
      Lock icon VW proposes higher payout
      180 8 Reuter VOLKSWAGENWERK said it proposes raising its dividend on 1978 results to nine deustchemarks from eight (including one mark bonus) the previous year. VW said hi a statement it also propones creation of authorised but not immediately issued capital, enabling the managing board to increase paid-up
      Reuter  -  180 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      147 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 be
      147 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Tokyo Bank's Samurai hits the forex market
      1255 9  -  Over the next four days, Business Times wilt report on some of the most colourful and dominant personalities in the foreign exchange market. This first of Banking and Finance series will touch on the dealing styles and character traits of two bank dealers
      1,255 words
    • Article
      ACBC GOES ON LINE
      151 9 THE COMPUTERISATION of sav- ings account operations at Asia Commercial Banking Corporation's five branches have been com- pie ted. The on-line facilities were offered yesterday by all five ACBC branches at Robinson Road, Jalan Besar, North Bridge Road, South Bridge Road, and Havelock Road. c The
      151 words
    • Article
      Lock icon Congress delay disrupts finance markets
      623 9 NYT ■THE DELAY by Congress in raising the legal ceiling on the national debt is disrupt.mg financial markets across -the country. Although most observers are confident that the fiscal ft-ama will be settled by action soon, jtfee Treasury had to scramble to make sure it
      NYT  -  623 words
    • Article
      US money managers on tiptoe
      421 9 CONTINUED foot dragging by Congress over raising the federal debt ceiling to US$B3O billion from 5798 billion underlay much of the upward movement in prices of US government securities for most of the week before the market gave ground on Friday. Over the past two
      421 words
    • Article
      Lock icon German rates higher
      142 9 Reuter Leading German banks said they are raising interest rates on deposit accounts by 0.5 points, bringing the rate for withdrawal on demand accounts up to 3 per cent. Dresdner Bank AG and Deutsche Bank AG will make the increases as from mid-April, while at Bayerische Vereins
      Reuter  -  142 words
    • Article
      Foreign banks in Japan to issue yen CDs soon
      333 9 THE JAPANESE finance ministry said it has notified Japanese and foreign banks operating in Japan that they will be allowed to issue yenbased negotiable certificates of deposit (CDs) from fiscal 1979 starting April 1. The CDs' interest rates will be free
      333 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        471 9 THE US dollar yesterday firmed on foreign exchange markets. Dealers said trading has begun to pick up and that yen trading, in particular, was better than moderate with the Bank of Japan coming into the market with more than US$6OO million to support the Japanese currency. Opening at
        471 words
      • Article
        Asian $ rates
        179 9 Asian rates ASIAN currency deposit interbank rates as at close on April 2: U8 Dollar.(Spot) Offer Bid 7 days 10 1 10'. 1 month 111/16 1015/10 2 months 109/16 10 7/16 3 months 10't lO'i 6 months 10 13/16 1011/16 9 months 10 13/16 10 11/16 12 months 10'. 10H
        179 words
      • Article
        Discount
        52 9 Range of prices offered by discount houses on April 2: Overnight 4'iU Call deposits 4'» r A Closiax Bajiac S« Iliac 3 month Treasury bills 4'< 4>. 3 month Bank bills 77/16 75/16 3 month CD 69/16 6 7/16 6 month CD 6 15/16 6 13/16 Source: National Discount
        52 words
      • Article
        MLR
        21 9 THE average rale at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • Article
        Tokyo
        235 9 THE US dollar for overnight delivery yesterday closed sharply higher at 211.10 yen, compared with a 209.80 opening and 209.30 at Friday's close, despite very large central bank yen-sup-port intervention. The Bank of Japan sold an estimated US$65O million to 1700 million, mostly at 211.10 yen, throughout the day
        235 words
      • Article
        US money supply up
        163 9 US NARROWLY defined money supply, M-l, rose US$l.l billion in the week ended March 21 to a seasonally adjusted $359.8 billion. The New York Federal Reserve Bank said the total was revised downward by $300 million. The M-l plus aggregate rose $500 million to $578.7, while
        163 words
      • Article
        Lock icon Slower in France
        50 9 Reuter FItENCH Ml supply growth slowed slightly to 0.4 per cent in December seasonally adjusted from 0.5 per cent in November. The National Credit Council said M 2 money supply rose 13 per cent adjusted in December compared with a 1.5 per cent rise in November. Reuter.
        Reuter  -  50 words
      • Article
        Gold
        290 9 SINGAPORE gold futures yesterday closed narrowly mixed after fluctuating marginally throughout the day in moderately active trading, dealers said. Turnover for the day rose to 256 lots from 175 lots on Friday with activity centred on June, August and October contracts. June cloed steady at U*****.50/90 an ounce against
        290 words
      • Article
        London
        323 9 THE DOLLAR and sterling were both firmly underpinned yesterday, but showed some signs of reacting from the higher levels seen earlier in the day in Far Eastern centres. But the dollar was quoted at an opening 211.50/60 yen compared with its 211.10 close in Tokyo where the Bank of
        323 words
      • Article
        Hongkong
        177 9 THE US dollar yesterday turned sharply higher against the yen in line with its rise in Tokyo in heavy spot and forward business volume. The rise was aided by reports of a Saudi Arabian oil well fire with its negative effects on the Japanese economy but strength was also
        177 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      114 9 texturing audio-visual presentation and group interaction in 12 mmd-expandmg sessions They will motivate you to •Achieve top-paying /obs •Spot profitable opportunities •Act on money-making idedf •Guide your own destiny M WHh Act ion-Prompt are. simple actions lor Quick results C ProgreM Monitor*: to gauge your achievements t* m m 3
      114 words
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  • Article
    DEALS DONE ON THE SES AND KLSE
    1496 10 In "^Singapore BID and offer prices officially listed and business In and rel ported to the Stock Exchange of Singapore yesterday with the number of shares traded shown r in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Con-
    1,496 words
  • Article
    SHARE INFORMATION SERVICE
    2536 10 Hi® 1W» b Xow Coapu; Last Sal* Of* DW +*r- Dir Crt Gr"» Net YTd P/B Vol COOO) Hifl PMk Ik Law SECTION ONE INDUSTRIALS 237 207 Acma 190* 123* Alcom 142 110 Allied Choc V 180 190 B A T Bate x 74* 00 Ben 278
    2,536 words
  • Article
    Stock options
    102 10 Striking price* of the options officially listed on the Stock Exchange of Singapore yesterday. the periodTbkte and offered prices and hnrtiwi done, if any, with the number of options traded shown in brackets. CaM Storage (June 12.00) (0.348 0.475). C C (June 12.60) (0.508 MBS). r N (June
    102 words
  • Article
    Government bonds
    99 10 4 1/1% 1/8/80 (250,000) (99.408 99.458) 4 3/4% 15/9/80 (*****0) (99.808 99.706) ®J(4* l/S/81 (290.000) (100 JOB 100 JBS) 8% 15/4/81 (250,000) (90.628 99.706) 6% T F 1/5/83 (2S0J00) (100.108 100J06) < 250 00 (102.008) f^Jf ***** (2S0400) (100.008 100.068) 7% 1/8/86 (250,000) (100.758 100.85S) 7 1/4* 15/4/86
    99 words
  • Article
    In Kuala Lumpur
    1580 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. INDURIAU Amm(2.348) 'Jhiwm (1) 1M AteaM (IJ6B 1JB) (1) 1.86 (2) 1 90
    1,580 words
  • Article, Illustration
    Prices steady on SES
    648 10 BHAEE pricm f altaatii margtas sa the Stock Exchaage «f fhgipiH jw terday wtto iims* tadhrld■»l aad lastltatleaai kayers ewlnM to stay ea the sideltaea. Market seattmeat matetaiaed a steady trmt tarpkt lack at itlwlitlai aewi featom. Except tor a tow lanes, light velame was gcaeralTaraever
    648 words
  • Article
    Plantations main feature
    449 10 PLANTATION stocks featured against an easier background on the Kuala Lumpur stock market yesterday. These shares opened sharply higher but were forced downwards, like the rest of the market, to close with fair gains. Attention was focussed on Highlands and Lowlands which opened 24 cents higher on
    449 words
  • Article
    Unit trusts
    75 10 INCOME BON1 (Current prl Income Bond 9 UNIT 1.14 1.20 MtUKwrm (Ml ■■(in' prim BAFVND FVat B'putra Secamd B putra Third B'putra Fourth Bputra Fifth B'putra Sixth B'putra (A) Seventh B'putra (A) Seventh B'puira(B) B|hth B'putra (B) Ninth B'putra Tenth B puira Warrior Invest Fund 3 42 J.
    75 words
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  • COMPANY NEWS
    • Article, Illustration
      Better showing from most divisions boosts profit at I and P
      796 11  -  By SUSAN THAM WELL diversified Maiyi and Peninsular Development Bertiad continued to make good progress in the last 10month financial year to Jan 31 1979, apparently on better contributions from most of its divisions. The group, whose interests span
      796 words
    • Article
      Guthrie's promise
      342 11 THERE is every confidence that Guthrie's plantation companies in Malaysia will fulfil the recent projections by the Guthrie Corporation, Mr Bernard Lewis, Guthrie's chief executive in Malaysia said. "If Sime retains their shares in Guthrie and thereby get the benefits, good luck to them," he added. During its
      342 words
    • Article
      DIVIDENDS ANNOUNCED
      656 11 Current Ex Books Date Total for Total for Paymeat Date Close Payable the year Previous year Sel Nut 10*1 Feb 28 Mar 10 Mar 31 10* 25% T Cement 7.5*1 Mar 7 Mar 19 Mar 31 7.5* 175% T Cement Pref 75*J Mv 7 Mar 19 Mar 31
      656 words
    • Article
      SCRIP ISSUE
      194 11 Company Particulars Ex Date Books Close Nat Iron Bonus Issue of 1 for 2 Mar 22 Mar 29 DBS Rights Issue of 1 for 4 K««k Seng fe> $3.50 per share Mar 27 Apr 3 Bonus Issue of 1 for 5 Apr 4 Apr 17 Dunlop Eat Bonus
      194 words
    • Article
      Bovis rights issue approved
      163 11 BO VIS South-East Asia says that the Foreign Investment Committee and the Capital Issues Committee have aproved of its proposed rights issue of three new shares for every $5 stock held. The issue, which will involve 25.65 million shares of $1 each, will raise Bo vis'
      163 words
    • Article, Illustration
      SEA Lumber all set to achieve good gains
      380 11 SOUTH East Asia Lumber Corporation, benefiting from the current good demand and high prices for timber products, seems set for impressive gains this year. Group pre-tax profit for the first half year ended Dec. 31, 1978, announced over the weekend, has already
      380 words
    • Article
      TIME FOR SIME TO PLAY THE GAME
      712 11  -  Letter to the Editor Malaysian Sime Darby shareholders Dear Sir, On 26 November 1976 N.M. Rothschild, on behalf of Pernas Securities, wrote to Sime Darby shareholders requesting the election of their nominees to the Board stating that the negotiation then in progress with
      712 words
    • Article
      Lock icon Through a glass darkly
      389 11 u HOCK LOCK SIEW CAREFUL ud paiastakiag research it always rewarding aad aae shoaid develop this haMt ia erder to be ahead «f the crewd. The crewd meatailty is deadly, •nly prefltaMe ia a rnaaway market. Aad la this ya-ya slate sf the market, aae shaald
      HOCK LOCK SIEW  -  389 words
    • Article
      Synthetic Resins (Malaysia)
      37 11 announced an unaudited after-tax profit of M 5751,905 ($90,358), for the six months ended Dec 31, on turnover: $9.59 million ($7.14 million). The company said profits for second-half expected to surpass the first-half s.
      37 words
    • Article
      Gula Perak Bhd:
      21 11 Net loss of Msl million (loss $2.1 million), six months ended Sept 30. Turnover: $4.3 million ($3.6 million).
      21 words
    • Article
      HIGHLANDS and Lowlands Bhd
      99 11 consolidated group 1978 net profit: M 529.09 million ($28.68 million) on turnover: 129.63 million (144.51 million). Parent company net profit: 126.04 million (25.97 million) on turnover: 119.46 million (137.11 million). Final dividend 30 per cent gross (25 per cent), payable May 30, to shareholders registered on
      99 words
    • Article
      Folex Industries Bhd:
      40 11 Unau- dited net profit MJ1.28 million ($788,000) for six months ended Feb 28. Turnover: $19.77 million ($15.71 million). The company present level of profit is expected to be maintained until the end of the current financial year.
      40 words
    • Article
      Supreme Corporation Bhd:
      82 11 Unaudited group net profit M|442,000 (1794,000) six months ended Dec 31. Turnover $8.65 million ($4.63 million), operating profit $896,000 ($1.38 million). Operating profit decreased despite the increase in turnover because of the change in the main sources of income. Turnover for the period under review consisted mainly
      82 words
    • Article
      Ben and Company:
      83 11 Sroup pre-tax loss of *****,(X)0 for year ended Dec 31, »1978. (loss of $1.37 million for 10 months ended Dec 31, 1977.) Turnover was $58.01 million ($48.25 million for previous 10 months). Loss attributable to shareholders was $2.54 million ($3.24 million) after deducting extraordinary losses of $1.9
      83 words
    • Article
      COMPANY MEETINGS
      219 11 Prima Flaar Mills Ltd: AGM to be held at 201, Keppel Road, Singapore, at 3 p.m. on Apr 12. Devetapneat Baak «f Siagapare Ltd: AGM to be held at DBS Building, Shenton Way, Singapore, at 11 a.m. on Apr 12. Malaysia Baildiag Saeeity Bfcd: AGM to be held
      219 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      76 11 bastseier! A story of love towering es the Himalayas MMKAfIE J I a story of the unquenchable Ash, an Englishman raised as shadow of the Himalwee, and the heritage of her people end the man of the most remarkable novels of the yeer\ a story $hidi has sold a querter
      76 words
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  • Article
    Lock icon Japan has to pay 32pc more for Iran oil
    656 12 Reuter UPI IRAN told Japan yesterday it will raise its crude oil flrtces by 32 per cent for shipments on long-term contracts. Japanese oil industry •puree said in Tokyo the jmw prices are tentatively set at US$l7 (about Ss3s) a barrel
    Reuter; UPI  -  656 words
  • Article
    Lock icon JAPANESE FEAR SOVIET-U.S. CLASH IN FAR EAST
    254 12 UPI JAPAN'S defence establishment believes that Soviet expansion in the Far East is increasing the possibility of a confrontation with the United States in the region, according to a pamphlet distributed yesterday describing Japanese defence forces. "Along with increased Soviet military potential, the
    UPI  -  254 words
  • Article
    Lock icon KL to call for change in tin price range
    330 12 Reuter j MALAYSIA, as the world's largest producer, will propose to the next International Tin Council meeting in London a revision of the existing tin price range to reflect the current world price. The Malaysian Primary Industries Minister, Mr •Paul Leong,
    Reuter  -  330 words
  • Article
    Lock icon The ever-nagging inflation problem
    189 12 UPI THE International Labour Organisation (ILO) said yesterday that inflation, though volatile, will continue to trouble developed and developing nations for some time to come. "Inflation is unpredictably sensitive to the shockwaves of political and economic change as well as to the caprices of nature, thus
    UPI  -  189 words
  • Article
    LONDON STOCKS
    744 12 LONDON, Mon. Government bonds closed higher and equities were barely steady in thin trading, dealers said. At 3 p.m., the Financial Times index was up 0.8 point at 531.6. Government bonds closed as much as 3/4 point higher as taping developed on expectations of a cut in the
    744 words
  • Article
    Lock icon UK won't budge-t
    60 12 Reuter A BRITISH Minister declared in Luxembourg yesterday that his government, which goes to the polls next month, will not agree to increase the Common Market budget until it is made more equitable. In what bore all the hallmarks of an electioneering statement, Mr Denzil Da vies,
    Reuter  -  60 words
  • Article
    SEAISI MEETING
    33 12 ABOUT 200 delegates from eight countries convened in Jarkata yesterday for a one-week meeting of the South-east Asia Iron and Steel Institute (Seaisi) to discuss "resources efficiency in iron and steel."
    33 words
  • Article, Illustration
    Dr Han joins Sembawang Shipyard as vice chairman
    267 12 THE PERMANENT Secretary of the Ministry of Labour, Dr Han Cheng Pong, has been appointed deputy chairman of Sembawang Shipyard with effect from March 27. Dr Han succeeds Mr J Y M Pillay who resigned as deputy chairman of Sembawang Shipyard in
    267 words
  • Article
    Simplify export rules, orders Suharto
    170 12 PRESIDENT Suharto yesterday ordered a simplification of export procedures, if necessary, a review of regulations which might hamper Indonesia's export trade. The President said the 33.6 per cent devaluation of the rupiah last November was meant to boost exports by making Indonesian products more competitive
    170 words
  • Article
    Lock icon South Korea way ahead in GNP race
    248 12 AFP SOUTH KOREA has outclassed virtually every country in the world in terms of sustained high economic growth and spectacularly rising exports, the Financial Times said yesterday in a special supplement on South Korea. It noted that the gross national product (GNP) could
    AFP  -  248 words
  • Article
    Lock icon Airbuses for Lufthansa
    105 12 Reuter THE WEST German airline, Lufthansa, yesterday signed a contract for 25 European A-310 Airbuses at a cost of 1.5 billion marks (about 551.75 billion. Lufthansa has also taken an option for a further 25 A-310s which seat 200 passengers. The five-nation Airbus Consortium will deliver the
    Reuter  -  105 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      584 12 SEE PAGES f 7 SOUTH EAST ASIAN BANKING AND FINANCE CONFERENCE 19TH AND 20TH APRIL 1979 Sponsored by Financial Times and Bnsiness Times The Conference will cover major political, economic and commercial questions of interest to the regional and worldwide business communities. The Hon. Mr. S. Rajaratnam, Minister for Foreign
      584 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      57 12 Outlook for Singapore from 6 a.m. to noon today: Isolated showers leport f airport for 24 prior to 741 p.m. on April 2 at Maximum temperature 31.7 Associated humidity 73 Minimum temperature..; 24.9 Associated humidity 100 Hours of sunshine 3.65 Rainfall in millimetres 34.5 Total rainfall for the month 34.5
      57 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Little progress in talks
        99 13 Reuter a MAJOR OECD shipbuilders meeting in Paris on JJ Friday made little progress towards agreement on fhanges to their consensus on export credit terms, delegate sources said. Although most members of the OECD's working party are in favour of changes which would ease terms under
        Reuter  -  99 words
      • Article
        Workshop held in Sydney
        106 13 w THE United Nations Economic and Social Commisssion for Asia and the Pacific (Escap) and the government of Australia is jointly organising a Workshop in Sydney to acquaint participants with the Australian government's overseas liner shipping policies and practices Member councils of Escap are faced by
        106 words
      • Article
        Lock icon Manila to buy LPG tanker
        64 13 AFP THE Philippines is planning to purchase a giant liquefied petroleum gas (LPG) floating tanker from Japan to alleviate the country's chronic shortage arising from inadequate transport bottoms and storage facilities. The Times Journal newspaper said the Energy Minister Mr Geronimo Velasco is now in
        AFP  -  64 words
    • Article
      Evergreen moves aggressively into the market
      564 13  -  By RAHIM KASSIM THE AGGRESSIVE Taiwanese operator, Evergreen Line, is going all out to claim a stake for itself in the highly-competitive Far East-Europe shipping trade. With two weeks to go before its full container service is inaugurated, the line has announced through its
      564 words
    • Article
      Lock icon Tanker freight
      201 13 AFP TANKER rates eased sharply last week as the toaaage far exceeded the 011 available. The' Orgaalsatlea ef Petreleam Exportlag Coaatries (Opee) erade oil price rise, from the begtaatag of April, meaat charterer's mala laterest was arraaglag j—p far loadiag la prampt pssltlsas wheaever they eaald praeare a
      AFP  -  201 words
    • Article
      Lock icon BP Shipcare floats on tanker glut
      603 13 Reuter A CONTINUED world-wide glut in oil carriers that keeps giant tankers laid up in Brunei Bay has become an unexpected windfall (or one company British Petroleum (BP). BP is reaping sizeable profits from the maintenance of the empty tanker fleet moth balled there
      Reuter  -  603 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3834 17 SCHEDIILE 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 of
      3,834 words
    • Article
      INDEX
      443 17 SMpptaf Um Page Col ACS n 5 Ale* IV 3 Alpac IV 5 Angkutan j IV 4 ANL I 1 APL m 2 Arya Nat n s ASCL m 5 Asia Merchant IV 3 Atlas V 1 Aust.Cont IV 5 Rank n 5 Rimwr V 3 Batam n s
      443 words
    • Article
      Container Schedules
      770 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/ Agent and is subject to change (2) All expdrt FCL containers and LCL cargo must be delivered to the Authority's premises during the
      770 words
    • Article
      Who acts for whom
      941 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CN AN)—Unipacific. Alpac Line—Intrasea. Anhsing Line— Strongwill. Angkutan Pertambagan— Eastern
      941 words
    • Article
      Lock icon Oil search breeds new technology
      1579 18 Lloyd's List DISCOVERY and development of offshore oil and gas fields in the north of Canada and Alaska has led to the application of much new technology over the last 10 years. At the beginning of the *****, Global Marine of Houston saw a use
      Lloyd's List  -  1,579 words
    • Article, Illustration
      SHIPS IN PORT
      446 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Vilja (B. Barge) (after Ocean Progress) 40/ Elbhoff (after Godrun Bakke sails (clinker) 5 Hannah Lu (2300 after Cape Horn) 8/9 Hoso Mam (2100) 29/30 Htan Taw Ywa (0600 subj. free board) 45 Norwegian Crusader (ro/ Ro) (0900 starboard to) 47
      446 words
  • Page 13 Advertisements
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      415 13 SINGAPORE ISLANDS LINE MIDDLE EAST REGULAR LINER See Pege IV Column 3 for Sailings SINGAPORE SHIPPING AGENCIES PTE LTD MARKETING *****2 GENERAL *****1 A Ms.. EURO ASIA LINE SDN BHD KL ***** P KLANG *****1/3 PENENG *****/2 n JARDIM AN I AH SAIL/ Orient Overseas C(mlcu*\eA. Line FULLY CONTAMRISED SERVICE
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      Page 13 Advertisements Column 2
      312 13 SEALORD UJ ANTAH H UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L Derrick I 288 TEU Capacity. Long Length Capability ■ARABIAN GULF WEEKLY SERVICE' essel S pore Loading for BN AL ROOM NLFU BN YOUNUS Oammam (26/4), Dammam (30/4) Dammam (30/4), Doha (2/5). Kuwait (5/5).
      312 words
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      Page 13 Advertisements Column 3
      412 13 NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ): Spore P KcUnt f slow* Havre Rflam N CORAI* 5 Apr 6 ApT| ?7 Apr 23 Apr 24 Ac C PAUL .14 Ape IS Apt 4 May 30 Apr 1 May N PEARL 21
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      Page 13 Advertisements Column 4
      809 13 if Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. p* as J1731* n (3 'I MAERSK LINE for US Pacrtic G*H ft Atlantic and East Canada (Also accepting tor Hongkong. Taiwan Japan and Korea) IB '1 I- 2/4 2- 3/4 9/4 9-11/4 IS-IC/4 14-17/4 22
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      761 14 Hapag-Uoyd T MOUSED TO EUROPE Tekyeßay Mk EXPRESS CONVENTIONAL TO EUROPE Spate rX(Un< Pen HkM Gema H"Wi ham Um U» I 14'4 IS '4 19/4 15/5 74/5 22/5 19/5 17/5 hHMta» 4 29/4 1/5 28/5 21/5 8/S 6/6 3/S 1/6 FULLY CONTMOUSED TO GENOA/TRESTE S pore P. Mm( Genoa TrM*
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      Page 14 Advertisements Column 2
      474 14 Fr« US ATUMC MS GHi I EAST CANADA barber blue W 17-21/5 *■11/5 21-24/5 Sw Frmcsct Lj Gnara f CM Apr 7-9; "IST In M M 31-2/5; STOK 34/5. .1 SM 12 14/4 27 29/4 12-14/5 27-29/5 SjM 15-15/4 34-1/5 15-14/5 34-31/5 SJM IS-11/4 1-3/5 14-14/5 31-2/4 3-3/4 19-29/4 4-5/5
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      Page 14 Advertisements Column 3
      587 14 EVERGREEN LINE FAR [SSI FUROPf FXPPtss full container service ACCEPTWG CARGO FOR HAMBURG. FELRSTONE. ROTTERDAM. ANTWERP. IE HAVRE ALSO ACCEPTWG CARGO FOR UNITED KMCOOM SOUTHAMPTON, TONOON. MANCHESTER. WMHGHAM BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BKIIRHAVCN HOLLAND AMSTERDAM S'pn Katawt ftoiliai MMi U to«« hmwu zTi* »nm nm, nm, si* cmt
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      Page 14 Advertisements Column 4
      922 14 i Everett Lines 1* "BURMESE 'NATIONAL LINE" LOAOBB FOR RANGOON jumrm mm 3 Apr B F S S C Agents in Malay** TEPS MALAYSIA Port Kakng T« 138) 7366 Paning TM *****/***** 11/14 May 15/14 May- 17/11 May** 5 "MEXICAN NATIONAL LINE" fm usr/mco icom* hoc* sermce H na BR
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      Page 14 Advertisements Column 5
      667 14 XXO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM P 102 2103 21 S T l OOR MARINA hiDUSt sHF\TO\A'AY MISTRIROAD 2 TfL 220:144 7K ***** 70 IO SANKYO LINE AUSTRALIA SERVICE P. KeUng Shppm Loa*g Mr MAY SXT MPart 4/5 Apr ADEL. FREM TM« STAR 5/0 Apr 9/11 Apr ORB, SYD,
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      586 15 OCL Overseas Containers Limited taamaam soma from uk/conimnt: l* H imr| Br«n tan Hnr« Stan PKeiang Sport But Pert* Cardf HI In SaM SjM Uri W J 5 HK.» lM|iln SjM SjM UM SaM 14% 12 Ml .KS Ouftj In SM SjM SjM SjM SjM 14 Apr HK. BU TK.
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      866 15 GRANARD LINE Gfanarfl Shipping flqencies (Si Pte Lid Tel *****77 (5 Linesi Dip s SO" BKO »:.'a Slipping 4 T 'jfl nq f nierpnses AMERICAN PRESIDENT LINES STRAITS EXPRESS CONTAINER SERVICE LoMfenf tar Hew York, East Coast and Gulf ports by Mh-Landbridge Los Angotas, San Francisco and Seattle HES. EBOKMD
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      Page 15 Advertisements Column 3
      596 15 rfrJ BEN LINE CONTAINERS BEN ASIA CONTAINER SERVICE EXPRESS COffTMO SERVICE STRAITS/TAIN AN/JAPAN SEICSC Line ltd. AN MDEPENDANT CONTAMER SERVICE TO SEATTLE, VANCOUVER B.C. BENVALLA 5801 BENNY TRADER 2806 HN TOKYO SEATTLE VANC B.C 2/5 13/5 PRNROSE V0879E 30/5 1/6 9/5 20/5 ZENUN GLORY 6/6 8/6 V0979E FOR MQUMES PLEASE
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      344 15 Scan Dutch V |Vi3>n >:»i: i»i7.11 fi:r>:T CONTAINER WEEKLY UL U ,W Pi fi r—- LLuJUk EASTBOUNP FROM MED 1) Cta| 2) Htwt J) r« 4) ItM 5) LaM«> VMte P Mm| Spre kM W SM faW Mri IM 1/4 >/l SM hM bM Uri bM IM I 21/4 11/4
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      475 15 i r BOUSTEAD SHIPPING AGENCIES IHE BANK LINE LTD LOADS FOR E. S. AFRICA FROM {AST t SOUTH AFRICA P Wm| la Port/Todai FOR BANGKOK MAM.A Spore 1/10 Apr LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, 6 Iveston) HOWELL LTKES (LOADS) 22/23 APR 3 MM U.S.
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  • Page 16 Advertisements
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      874 16 K LINE KAWASAKI KISEN KAISHA. LTD. TO EUROPE fUftg LHawe Rdam (accioteig cargoes Scm*u«i «u Hw*w|) FROM EUROPE TO FAR EAST Vnsate cjl tftart. Bremen. RAam. A'ewrp a»i l« Hnn) AGENTS S'POtt NEPTUNE AGENCIES PTE LTD M *****11 MALAYSIA KONTENA NASIONAL SDN BHD i' let P. Ketone 7475/6 KL *****4
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      Page 16 Advertisements Column 2
      721 16 (sa m. U.SJL/EAST CANADA SERVICE accept* to/ia comtmob m nmmc. r. relang j l«*t tar «W row. NOWOU E.C./6REAT LAKES SERVICE look fw m ran. horfou. mimk pmlaoeipma. anm. tgmmto MUMOMt moor i/mn i/mm* li/UMt CALfORMA/PACffIC NORTH WEST SERVICE Lm*| tar 10$ MGOB. SAM FRANCISCO. SEATTLE. TACONA. IMCCMD 8 C
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      341 16 1 VARi T£lE > roup SINGAPORE SHIPPING AGENCIES PTE LTO hocm osian bj.io>ng sngapof>e i i E TinG 9"'22 '3 LiNESi GENERAL 91 J'' 1 ,14 L INES> «S »S A b C A«SM P CABLE CARGOSMIP XZL S/.\(j.-t FOR ISL4.\DSU\h: \V ■.J.HHIIIWB.MIILUA MIPDI.t HAST RtdULAR UHIR A SAFE WAV
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      805 16 Hi INTfKNATIONAL $M*HNG CO*FO*ATK)N BfKHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA MST BOUND feePf> fUM| Vend S port 1) Msedto 2) KM* 3) HDuri I) Gbwf ELEANOM M TOTAMA ki Port 17/4 22/4 24/4 2t/4 FMWCtSC* 7/4 KOMBGAA 10/4 24/4 29/4 1/S 3/5 ELEANORA 14/4 N HOUTMM 11/4 1/5 6/5
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      799 16 INTRASEA (PTE) LTD Faber House 234E Orchard Road Smgapo-e 9 Telephone *****11 '*****57 ttGUtt NXPENDENT SOM/FULI CONTAWR SERVICE TO *Kansai Line STRAITS/AUSTRALIA SERVICE GRACE ADELADE V.I2A. Singapore P KeUng loadnf tar I 5 Apr 7 Apr Sydney Melbourne Adelaide hiuu (no in ;a»u wom 2354*57 i no ami t nuns
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  • Page 17 Advertisements
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      97 17 NIGERIAN NATIONAL SHIPPING LINE NNSLFAR EAST/WEST AFRICA RIVER Singapore ETA: LAGOS Pt Harcourt Douala Tama Abidjan ..24/25 Apr 17 May 25 May 28 May 30 May 2 Jun (accepting braakbulk/containara) AGENTS BOUSTEAD SWUNG AGENCIES Tel. S'pore *****4 (Solas: *****5/*****5) K.L. *****1 RIVER A SAB 22/23 May 14 Jun 21 Jun
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      70 17 NORIENT LINE Europe/Far East Ro-Ro Service IKMVI aa HfMS na ltoo. stok iul cmh mm n im an lift un un 18"lS"ig'2S!",£?SSB u >& ii m 13 m vm m FARGO SHIPPING COMPANY (PTE.) LTD. 80/ HI H f n if< (n" .V. tH 11 Li) l\( i S t'
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      146 17 OHM MRU OQN MTA P.T ZVDOVESZAI O&ISVTAL LtISS JAKARTA KOIM KPOMMU EVKSS SOWS TO I FROM NXVCSU POMS MOMS STOK MMMMW ■■m 1/7 *r MwWlmk^t HENG LEONG SMPfMG CO. PTE LTD. OLL SNPfW CO. (PTC) LTD MM Nmm. Mi UM/IM7. 9mMi«*T 1.T*»745l (SUM) MOT LLOYD (M) SOU M i imp*
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