The Business Times, 6 April 1979

Microfilm: NL10129
Total Pages: 18
1 18 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 141/1/71 FRIDAY, APRIL I, lfTf 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Goh meets Deng
      83 1 Reuter HONGKONG, Thurs. Singapore's Deputy Prime Minister Dr Goh Keng Swee tonight held cordial and friendly talks with Chinese Senior Vice Premier Deng Xiaoping in Beijing. The New China News Agency did not give details of their discussions but said Foreign Trade Minister Li Qiang, Vice Foreign
      Reuter  -  83 words
    • Article
      Lock icon Petrochemical project
      65 1 AFP TOKYO, Thurs. A Mitsui group project to build a petrochemical plant in Iran, now suspended owing to the Iranian revolution, will be expanded into a Japanese national project with the participation of Mitsubishi and Sumitomo corporations, industry sources said today. Other participants in the project will include
      AFP  -  65 words
    • Article
      Lock icon Loan curbs lifted
      91 1 Reuter JERUSALEM, Thurs. The Bank of Israel has lifted restrictions on foreign currency loans, barely six weeks after the ban was imposed. The state bank announced seven weeks ago that local firms and individuals would not be allowed to raise loans abroad as funds were not being
      Reuter  -  91 words
    • Article
      Lock icon Egypt will hit back
      51 1 Reuter CAIRO, Thurs. Egyptian President Anwar Sadat said today his country would hit back at Palestinians if they launch any terrorist act against Egypt. The Palestine Liberation Organisation has bitterly attacked the peace treaty signed by Mr Sadat with Israel and threatened terrorist acts against Egypt.
      Reuter  -  51 words
    • Article
      Lock icon Stopping hot money
      60 1 AFP LONDON, Thurs. The Bank of Fngland today lowered its minimum lending rate by one point to 12 per cent to stem a massive inflow of hot money linked with sterling's growing strength. The bank's announcement was immediately followed by a move by some leading British banks
      AFP  -  60 words
    • Article
      Lock icon Dearer living
      76 1 UPI WASHINGTON, Thurs. Wholesale prices, paced once again by food and fuel, surged one per cent during March to finish the first quarter of 1979 at the highest level in more than four years, the government reported today. The March advance 12.7 per cent at an annual rate
      UPI  -  76 words
    • Article
      Lock icon Dow Jones
      59 1 AP NEW YORK, Thurs Stock prices retreated a little today as the market absorbed the news of another sharp rise in wholesale prices. Losers took a slight lead over gainers in the early tally of New York Stock Exchange-listed issues. The Dow Jones average of 30 industrials eased
      AP  -  59 words
  • Chief Price Changes
    • Article
      SINGAPORE
      125 1 Rises Oriental Hldgs 650 35 Tronoh Mines 910 30 Seacorp 920 20 M Flour 300 16 Straits Trading 640 15 Magnum Corpn 422 14 Glenealy 209 14 UAC 390 12 Msia Rice 179 12 Spore Glass 210 11 Msian Fmills 167 11 Goodwood Park 480 10 Metro Hldgs 374
      125 words
    • Article, Illustration
      KUALA LUMPUR
      150 1 Rites Parit Pk 780 140 D Keramat 1290 +70 Ajinomoto SEA Corp 320 940 +27 +20 Oriental 655 +20 M Flour 306 16 Sentosa 159 14 Olympia 204 14 Kemayan 220 14 Roxy 308 14 Falls SgBesi 900 -80 M F'mill 166 -24 A Hitam (T) 1180 -20
      150 words
  • Article, Illustration
    All systems go auto at Hitachi
    691 1  -  RATIONALISATION MOVE By FONG MEW LENG THE JAPANESE Hitachi group will introduce greater automation to its plants in Singapore for current operations as well as future projects. The move is significant in that it marks a new approach by Hitachi to maintain the international
    691 words
  • Article
    Full of steam
    240 1 THE DIVERSIFIED Straits Steamship group yesterday added a little more steam to the bullish stock market with its announcement of record group pre-tax profits of $15.81 million, representing a near 90 per cent improvement over the previous year's $12.22 million. Pending the release of the results, Steamer's
    240 words
  • Article
    Firms amenable to worker director idea
    607 1  -  By FOO CHOY PENG CONTRIBUTION towards the growth of a company is the main criterion adopted by private companies when appointing board me inhere. Private companies, therefore, adopt liberal attitude regarding such appointments and, as such, he or she may be a professional, a
    607 words
  • Article
    Seoul: MAS acts
    96 1 THE MALAYSIAN Airline System (MAS) yesterday announced the suspension of its services to Seoul until the question of traffic rights is sorted out between the two countries. This followed the refusal by the South Korean authorities to allow a MAS aircraft its inaugural flight to take off
    96 words
  • Article
    Strong Russian demand lifts rubber prices
    164 1 STEONO Bssslas demand fclisted Iks April rsbber price by as meek as rix cents a kOe en the local and Ksala Lampar rabber markets. in Stegapore, April One 888 buyers came elsse te Rf cents a kfi« yesterday when the ■arks* flue I higher
    164 words
  • Article
    May meeting for aviation officials
    245 1  -  oy WANG LOOK KEAH SENIOR Ak«b and Australian officials will meet from May 2 to discuss the studies carried oat after the Jarkarta air fare talks. According to sources, Australia asked for a postponement of the meeting, which was scheduled to be held this month
    245 words
  • Article
    Ministry: Pillay's remark premature
    201 1 THE statement on air fares made by the chairman of Singapore Airlines, Mr JYMPillay, to the press on Wednesday is "premature", according to the Ministry of Foreign Affairs. "Mr Pillay's statement does not reflect the spirit in which the Singapore Government and Asean nWrui« intend to
    201 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      23 1 SAFE WITH AN ITOKI SAFE BUStWSS MACHMCS mTWBISim. ITO 47 PoO'u"> Stock Go'OfM" Plau Nmiox Road S'rvgapo*# 11 T« K2MM Ctoin BUSNESTEMS Sngjpo'•
      23 words
    • Advertisement
      Page 1 Advertisements Column 2
      436 1 How to double your oot worth The 23rd February edition of FORECAST contains the first feature article of a new ongoing series designed to monitor the progress of a most successful investment program The key to the success of this program is that it deals, sensibly and cautiously with a
      436 words
    • Advertisement
      Page 1 Advertisements Column 3
      33 1 SHIPPING TIMES RAWmatertak.. CHINA acta ip expert nae GUN-tottag ww <| tfcc Weal. TIGHTER HK cndttt, piNlcli GOALS af First CROSSWORDS 1, AIRCRAFT SCHEDULE S. BRBTO TV RADIO t, FOREX I, SHARES PBICES It.
      33 words
    • Advertisement
      Page 1 Advertisements Column 4
      2 1 Leader Page!
      2 words
    • Advertisement
      Page 1 Advertisements Column 5
      202 1 Lt*a Guthrie Trading Tat: *****5 ft *****5 Leader Page! Third Quarter 1978 ASEAN Business Quarterly The latest issue of the ASEAN Business Quarterly concentrates on some of the reasons why intra-ASEAN trade and industrial projects are having difficulty in getting off the ground. Professor Lim Chong Yah of Singapore University
      202 words
Page thumbnail Page 2
  • TRADE AND INDUSTRY
    • Article
      A chance to gen up on Europe wood sales
      415 2  -  By FOO CHOY PENG ASEAN manaufacturers of timber products will be able to learn more of the European markets at a two-day conference held in conduction with an international exhibition on plants and machinery used in the timber industry. The conference,
      415 words
    • Article
      Bidding for car numbers EK 1-600
      79 2 MOTOR car registration numbers in the EK series from EK 1 600 will be opened for bids from today to April 21. This series can only be used for first registration of privately-owned cars. All bids, at a minimum $250 each, must be made
      79 words
    • Article
      ON BANKING LAW AND PRACTICE
      91 2 THE Department of Extramural Studies of the University of Singapore will be conducting a 12-lectnre course on "Banking Law and Negotiable Instruments" beginning next Wednesday. The course, to be conducted by Dr Myint See, hopes to equip students with a fairly good grasp of banking
      91 words
    • Article
      Bridging the gap on views, designs
      131 2 VIEWS ON the latest development in design method and construction techniques in foundation and concrete bridges will be exchanged and discussed in the Foundations Design in Reinforced Concrete and Concrete Bridge Design seminars to be held from April 10 to 12 and April 17
      131 words
    • Article
      Factory management skills
      71 2 A THREE-day seminar on developing factory management skills will be held on April 26 to 28. The seminar, organised by AGS Management Consultants, will be conducted by Mr Wong Kum Yew. Mr Wong, a lecturer in the firm, was a former Colombo Plan scholar, and has previously
      71 words
    • Article
      Economics Society dinner
      73 2 THE Economics Society of Singapore will have its annual dinner at Mandarin Hotel today at 8.00 p.m. The guests of honour are Mr and Mrs Devan Nair. Both Mr Nair and the president of the society, Professor Lim Chong Yah, will speak at the dinner. Winners of
      73 words
    • Article
      Penang plans big seaside complex
      351 2 THE PENANG City Council has approved a MJ2OO-mil-lion sea-side tourist and residential holiday complex at Mount Pleasant. The developer is Low Yat Holdings. According to the company's property and development manager, Mr Chan Peng Fook, the ambitious project is one of the biggest of its
      351 words
    • Article
      INTERFIN SPINS NEW SCHEME
      218 2 INTERFIN inteiyte to set up a training scheme fob apprentices involved in the servicing and maintenance of washing machines. Established only two months ago, the Maytag's local agent and distributor has already approached the relevant statutory bodies regarding the matter. The firm recently announced the coming
      218 words
  • RAW MATERIALS
    • Article
      RUBBER
      313 2 OPENING prices in Singapore yesterday were marked up 1.50 cents following steadier London advices. The market later thereafter rose further on trade and speculative buying, together with upcountry demand, dealers said. A report that US truck drivers and haulage operators have agreed to resume negotiations lent some support to
      313 words
    • Article
      RAS PRICES
      327 2 R.A.S. prices in cenu per kUo yesterday Noon (per kilo) Buyers Sellers Int. 1 R.S.S prompt f o b. 371.00 272 00N Int. 1 R.S.S. April 271.00 271.50 Int. 1 R.S.S. May 307.25 317.75 Int. 3 R.S.S. 262.50 263 SON UK/Coot JO JO 262.50N Int. 3 R.S.S *****
      327 words
    • Article
      SSR and SMR
      102 2 NOON SSI RA8 SSR JO SSR SO MRKLB i and SMR priea (I K» MWtt (1 loo palirti April (Cwnu MU) M?«< Saltan 256-60 260 50N 256.50 257 SON Ban 25* JO 256 50 WJMU) Ml JON 256-SON SMRCV SMR&L. SMRGP SMR6 (l toa paliat) Il ka
      102 words
    • Article
      Palm oil
      59 2 C-I-F. North European port*, in US dollars per ton unless otherwise stated. LONDON: Malaysian 5Sff* bulk per tonne June Sumatra 5* f fa bulk June July Nigeria 5% ffa bulk st« ■orrntDAM: Sumatra Max I April ZalrKBelf francs per Uk>)' Wed M2slr flOOalr 87Selr «70slr unq uncfc *q
      59 words
    • Article
      Wheat
      176 2 WHEAT futures in Chicago on Wednesday closed higher with prices up 3Vi US cents to 3/4 cent a bushel. Commercial buying provided the major support for wheat with some influence late in the session from higher CBT silver futures, traders said. The gains in other CBT pits spilled over
      176 words
    • Article
      Straits tin
      55 2 THE BTRAITS tin price In Pcuig yesterday rese $17 to $lytS2 per pical. Dealer* said the reeevery foils wing Wednesday's tall was attributed to tower tto metal deliveries by miners aid seme renewed baying demand. Tstal tarnever fell to 177 tonnes (rem Wednesday's 22C tonnes with abent II
      55 words
    • Article
      Closing prices
      30 2 Rubber: April 5 Singapore: April: 274.00 cents (up 6.76 cents) Malaysia: April: 276.76 centa (up six cents) Tin: $1,932 (up $17) Official offering: 177 tonnes (down 40 tonnes)
      30 words
    • Article
      Produce exchange
      308 2 PRICES were mixed on the Singapore Chinese Produce exchange yesterday. Coffee went up by 15 all round and this was attributed by some dealers to some tightness in supply brought about by a late Indonesian crop. On the other hand, others thought there was no real reason (or
      308 words
    • Article
      Duty rates
      87 2 THE MALAYSIAN Minister of Finance has fixed these rates for the period from April 5 until further notiee: Babber: 256 cents a Idlo; Copra: Mi 1,306.24 a tonne; Pain kernel: $965.75 a tonne; WUte pepper: $4,406.17 a tonne: Back pepper: $2,751.86 a tonne; The rates of duty payable
      87 words
    • Article
      LONDON MARKETS
      604 2 OILSEEDS: Brokers said vegetable oils and seeds markets generally ruled firmer yesterday, on confirmation of the Indian soybean oil purchase from brazil but trading was extremely quiet. Dutch soybean oil was marked up one to two guilders per 100 kilos with scattered business including April at 133.50 guilders
      604 words
    • Article
      Rice
      224 2 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first da* (Kangaroo) new crop O.K. 100 per cent second clan 0.85, 100 per cent third class OJO, 25 per cent new crop no stock, B-10 per cent 0.75. THAI BROKEN A-auper 0.62, Special 0.56
      224 words
    • Article
      Soybean
      148 2 CHICAGO soybean futures on Wednesday rebounded from Tuesday's looses and closed higher. Prices were up 9'/* to 6 US cents a bushel. Traders said the major factors influencing the mar- ket were the report that India had purchased soyoil and chart indications. The surge in silver prices late in
      148 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      156 2 irn a. testonr t II For the man who knows Our male customers don't need to be shown the best. They already know what is the best. They know that Americaya has the finest of imported shoes, which are made of the finest leather available, by the most skilled of
      156 words
    • Advertisement
      Page 2 Advertisements Column 2
      305 2 Uiiffltlal rlwtm L—iin metal* hack page. THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAO INTERIM REPORT The Directors are pleased to announce that the unaudited results of the Group and the Company for the six months ended 26th February 1979 compared with the figures for the corresponding period in the previous
      305 words
Page thumbnail Page 3
  • REGIONAL
    • Article
      Malaysians worry over US tin release
      578 3 LEADERS in the Malaysian tin industry see a major contradiction in America's policy on tin. The United States, while pleading for increased investment in the industry world-wide, has continued to pursue yet a course of action that could only lead to its severe disruption.
      578 words
    • Article
      Lock icon Suharto to open oilfield
      197 3 AFP A NEWLY discovered Indonesian oilfield off Natuna Island in the South China Sea will be inaugurated by satellite next Saturday by President Suharto in the country's first such ceremony. The oilfield named Udang (lobster), and operated by Continental Oil Company (Conoco) on a production-sharing contract
      AFP  -  197 words
    • Article
      Lock icon MAS ponders fare move
      110 3 AFP THE state-run Malaysian Airline System (MAS) has yet to decide whether to increase its passenger fares and cargo rates although most international airlines are planning for a 7 per cent increase from May 1. An airline spokesman said the airline need not necessarily raise fares
      AFP  -  110 words
    • Article
      Lock icon China lures investors with export zone
      711 3 UPI CHINA is creating its first export zone in an attempt to lure foreign business to the country and Western experts are watching the project carefully for clues on the communist government's emerging investment policy. About 35 Hongkong-based companies, including the local agent for
      UPI  -  711 words
    • Article
      Ads on Chinese goods flood Hongkong television
      170 3 CHINA Is aae af the heaviest TV advertisers la Heagkaag. Aceardlag to the latest issae ef the Sarvey Research News, China's hraads eempete la maay af the Catoay's largest aad fastest-grawlag caasamer markets. The report said that Chlaa eempetes la the beer market;
      170 words
    • Article
      Colombo Plan aid tally
      58 3 AID to developing countries in Asia and the Pacific under the Colombo Plan had exceeded U5552.5 billion (Ssllo billion) by the end of 1977, the Colombo Plan Bureau said. It said that India, which has been the largest regional donor since the plan was launched in
      58 words
    • Article, Illustration
      Lock icon New future for beef farmers
      398 3 Reuter AUSTRALIAN Deputy Premier Doug Anthony yesterday proclaimed a new future for Australian beef fanners after concluding trade talks with Japan's negotiator in the Multilateral Trade Negotiations (MTN), Mr Nobuhiko Ushiba. "There's a completely new future for the Australian beef industry," Mr Anthony said, adding
      Reuter  -  398 words
    • Article
      Lock icon Credit for China
      112 3 Reuter THE Australian Government-owned Export Finance and Insurance Corp (EFIC) has signed an agreement to provide China with a AJSO million (SJI2O million) credit facility, EFIC deputy genera] manager Derek Hill said. The facility, for the purchase of Australian capital goods and services, will provide 85 per
      Reuter  -  112 words
    • Article
      Lock icon MARGARINE TARIFFS REDUCED
      161 3 Reuter THE Australian government said it will lower tariffs on imports of most vegetable oils and margarine in line with Industries Assistance Commission recommendations. The duty on most crude, refined and processed vegetable oils will be 10 per cent ad valorem compared with the present duty of
      Reuter  -  161 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      698 3 ARRIVALS Service Local Operator Number Tiac From MAS MH605 1045 PEN/KUL GU GA944 1065 PKU GIA GA908 1100 MES PAL PR501 1135 MNL GIA GA9B2 1200 HLP SN SN287 1200 BRU/DXB BKK SLA SQ240 1210 MES SLA SQ63 1155 MNL SLA SQ201 1245 HLP KLM KL833 1300
      698 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      203 3 THE LONDON SCHOOL OF ACCOUNTANCY J A Grenier F.C A The Principal of The London School of Accountancy will be visiting South-East Asia during April to discuss the courses offered by the college for the examinations of: Association of Certified Accountants Institute of Cost and Management Accountants Institute of Chartered
      203 words
    • Advertisement
      Page 3 Advertisements Column 2
      71 3 "1 From fashion design. lO f The universally renowned prestige of Pierre Created by the great French couturier these furniture take on a totally new expression They are Elegant Classic Exclusive They are the beginnings of a new life-style balancing pure tradition and innovation magically Pierre Balmain furniture share his
      71 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      618 3 TWO-IH-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Commanding officer's invariable pet (6) 7 Accommodating fellow in the Loire (8) 8 Game to make much love (4) 10 Officer at the front (6) 11 Victorian chain (6) 14 Man in white duck (3) 16 Tries to reform, but wearies of it (5)
      618 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      1821 4 OFFSHORE BANKING IN SINGAPORE BY FNB A Pledge of Commitment to thejfjSEAM financial Brotherhood. Philippine National Bank. Singapore. ASEAN. The largest Philippine commercial bank forges a strong financial link with the capital of the Asian dollar market. To pursue a common vision of a stronger and a more cohesive ASEAN.
      1,821 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      3328 5 We in the Philippines attach much significance to the opening of the new branch of the Philippine National Bank in Singapore. For us, this is an event that strengthens the already close relations between Singapore and the Philippines, and augurs well for the ripening of ASEAN dreams of community. Indeed,
      3,328 words
Page thumbnail Page 6
  • Article
    The risk of going overboard
    484 6 THE PRINCIPLE of co-determination rests on the assumption that workers as directors of a company's affairs can be as useful in that role as on the production line. Worker participation on boards is gaining currency in Singapore because tripartism, that particularly domestic brand of national
    484 words
  • Article
    There's no need to sugar-coat the Pill
    293 6 THE PROPER and diplomatic course to take in negotiations should be one of caution and patience in order that the outcome of such discussions are not prejudged. In this regard public announcements should be rightly eschewed. But in the harsh, dreary world in
    293 words
  • Article
    Lock icon Women's rights find the way into battle
    745 6  -  By GREGORY JENSEN UPI IF THE worst happens and another war comes, women in the United States and other countries almost cer- N tainly will fight, kill and die in the front lines alongside men. That is the conclusion of a new British
    UPI  -  745 words
  • Article
    Jimmy's mathematics proves a real puzzler for all Americans
    625 6  -  By LANCE GAY Washington Star WOULD a contract that offers workers pay increases of better than 30 per cent over the next three years violate the Carter Administration's 7 per cent a year wage guideline? Not if you used the Administration's
    625 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      180 6 m In the Georgian Vsfac cftheCocbp* a salendid Period restaurant ottering the choicest tare in the true British tradition where good taste triumphsfrom Beef VfeHingion. Buierfty FUJetarria wide choice of traditionaJ dishes Defining in a luxurious period atmosphere. \Wth service friend and foe praise us for L Aheany wetome awaits
      180 words
    • Advertisement
      Page 6 Advertisements Column 2
      17 6 rlMfouq hf EXECUTIVE CHEF: r LEO WALDMEIER. HILTON INTERNATIONAL SINGAPORE For reservations rinq *****3 extn 2536 v.
      17 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      44 6 TMRT >foU s Bristol V g>C ,TOD*y— Pe£.UuG> foOGM... t—ooN'T ae STJPO vm ILL.. \f\ SM»VGRt4G oHc mmuft p>nd TMC t<xr ♦•V w DIXV/ P>ND TVCTvAtS BUNDING' MCPOPCMC J 4 us"n£i4 ooMes »*ve G>ot THC Tu),..vrn ,taking Tne U*4PiT IS IT- P» WNNGC^eR 9
      44 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      689 6 TiVf&IRWDTO Inventing dreams EABLY rahhto fa there to Ike pnalii at better ttkp to e«ae. Friday ntoi (toy torigM •a thla aeere. IWi Thrlllaaaker Bperta (t TTpr*. ihiirr 1 i) tor U ■(■•tea af bmilml eatertaiuMat Man a retot nek a very clever Mm alter all, siaee there Nethiag" taught
      689 words
Page thumbnail Page 7
  • Article, Illustration
    Lock icon Coffers overflow from the VAT of taxpayers' miseries
    1103 7  -  The trend here is towards tax on consumption and one of the easiest means to administer this is through the value-added tax (VAT) method. ALINE MOSBY looks at the mixed experiences of the Europeans with VAT. ALINE MOSBY UPI THE FACT that
    UPI  -  1,103 words
  • Article, Illustration
    Lock icon Cultural shock has yet to spring on China
    654 7 Reuter THE CHANGES come so fast in China these days, it is sometimes hard to keep track of them all, and it is anyone's guess where they are leading. China, formerly the most vociferous of anti-capitalist countries, is now throwing itself into
    Reuter  -  654 words
  • Article
    Tighter credit, in HK very likely
    703 7  -  (FORUM r ...with John Drysdale ONE GLANCE at Hongkong's statistics shows immediately why the colony's currency is in difficulty. It was stable against the Singapore dollar from 1975 to July last year but depreciated by 10 per cent from August to December 1978 and
    703 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      227 7 I s s LI I 11 K SI I)l IM tt S« \lml 4 l\\ 111 k N < <I! lit !I« l< t\\ 111 \'>ll.l! ll l» S|l 1« t■ t. ll' I I II ll V W Ill' I w 11. il \I >1 J .ml \i iilim
      227 words
    • Advertisement
      Page 7 Advertisements Column 2
      73 7 ORCHID INN 214 Dunearn Road, Singapore 11 Tel: *****2 N\HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAFFLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 t Tel: *****4 SINGAPURA FORUM HOTEL 585,
      73 words
Page thumbnail Page 8
  • INTERNATIONAL STOCKS
    • Article
      Lock icon GEC can bid only for foreign firms
      360 8 Reuter GENERAL Electric Co i j.! .Ltd's scope for »w*iring size--•able acquisitions in Britain ul has become distinctly limited by monopoly coosidleaving foreign companies the main target for the group's large cash ,Ul reserves. It Analysts and industry sources noted that GEC, i
      Reuter  -  360 words
    • Article
      Lock icon Coal's no substitute
      609 8 NYT LAST WEEK, in the wake of the nuclear accident at Three Mile Island near Harrisburg, Pennysylvania, the prices of leading coal shares shot up 10 to 15 per cent. There was no selectivity, it -seemed; as long as a company mined coal, the shares advanced. One
      NYT  -  609 words
    • Article
      Lock icon Email to bid for remaining Kelvinator shares
      305 8 Reuter EMAIL will as soon as practicable extend an offer to the remaining shareholders in Kelvinator Australia Ltd but not before it has had time to consider the full implications of making such a bid. The disclosure came in a joint statement by
      Reuter  -  305 words
    • Article
      Most investors turn cautious
      1284 8 NEW YORK WORRIES about inflation and energy pared a strong early advance on Wednesday and stocks settled (or a modest gain in the heaviest trading in five months With the outlines of President Carter's energy message well known, traders were selling on the news and there
      1,284 words
    • Article
      TORONTO
      199 8 APR 04 CS Ahmhl 17'. Alcan «r. Algoma 27'. Bank Mont 24 Bank Nova Scotia 23'. Bell Tel 96 Beth Corp BP Can Ltd m Ms Br&scan 23'. unch Camp Red Lake 38 unch Can Imp Bk n Canpac 28' ■i Canpac Inv Pf 1«'.B unch Catling OXeefe unch
      199 words
    • Article
      JO'BURG
      300 8 APR 04 Rand INDUSTRIALS A Alpha 170 3 Abercom 235 -5 AE And CI 485 5 AMIC 1450 25 Barlows 500 unch Cg Sugar 630 +10 CNA 205 unch Currle Finance 96 -1 Or Beers 1ml 1475B unch Edcon 380 5 Edgars 4300 200 Eveready 287B unch Fed Volk
      300 words
    • Article
      Lock icon Sydney
      379 8 Reuter THE MARKET was slightly lower In quiet trading, with little influence from overseas, dealers said. Market leader BHP initially fell 15 cents to AH1.40 but recovered to end the day five cents higher at HL«O after the company announced ail traces in the Fort—cm 4 leal well in
      Reuter  -  379 words
    • EUROPEAN MARKETS
      • Article
        Paris
        271 8 APR 04 Frs CORBEJLLE Air-Liqutde B S N Oervals Danone C S F < ThomsonC»f> Cl* Frmcilw des Peiroles Compajnie Financiers Compagnie General* Credit Foncter n» France Hac tieue (Llbralrte) Machines Bull Michelln (Bi Pinhas Pechiney Clfine Kuhlmann Peugeot Philips IN* Gem Beat) Printemps S A Rhone-Poulence SA Royal
        271 words
      • Article
        Zurich
        153 8 m S r 'l M r Credit 8u>ot Br Credit Suisse Reg Elektrowall Br. George Fischer Br Globus Pr Hero Br 230ta< 443n> 3030 725 443 3085 1 -36 56 IS 5 5 Hoffman La Roche 1/10 Hoiderbank Br lnterfood Br Jelmoli Br Motor-Columbus Nestle Br 1175 562 <375
        153 words
      • Article
        Frankfurt
        203 8 APR M Dm 4 a Arf-TrlrfunCrn as un m Akw Man .a i AUx L»brn mom BASK c* -i I37JB Bay H 4" Wtnnfc Bay Vbank 2HJ0B mjfle ■ST. ~T~ BMW IJMO «04 aj JOB CT»m Vrrw 3mm -I moo mjo «u l onu C.ummi 64 so Daimler-Benz Drfuaaa
        203 words
      • Article
        Brussels
        82 8 Arbrd A.lur lir.i~.in Bru-Lumb 2465 W4 MS 17* Canpar 732 24 Cock SCB 4-f L> Been 21Axd 2 Ebrs 2440 5 Eirctrob*! *M0 unch Ob-lnno-Bm sags 5 Oev 1386 -2 Hobo* 3230 106 Petro 41H 60 Ryl Dutch ms •10 Sidro Bit -10 Soc Gen Bclf son 10 Sofina
        82 words
      • Article
        Amsterdam
        155 8 APR 04 PU ABN Ahold lit 70 u nc h Akzo AMEV 96HO Am fas 115 70 unch Am rot Bank Bergou $7 JO unch Berk *4 00 unch Bo Is 70J0 2 Borsumij 107 JO 0J Burhmann 70 JO 4.7 Byenkort m to 0J Calve Delft ***** -01
        155 words
      • Article
        Milan
        95 8 APR M Allic Urr MX •u Aaaor Orn MM -MO BjilOfi au 12 CrnUsJf mo •l« Kiat rm KinsMfr i« 11 G*n Immob unch »1 Pn 2250 •M luk-rtnrnii inm •a lUllfiU m -u lulMdrr m •1«75 Macnrti M Pf SM 9 Marrlli Err m -S Mrdtob moo unci)
        95 words
    • Article
      Lock icon Heavy trading yesterday on Tokyo exchange
      650 8 TOKYO Source: DBS-Daiwa SOME institutional investors including mutual funds and corporate investors, started to buy medium-sized blue chips on temporary decline. Short-term traders also heavily purchased resources-related issues such as Nippon Oil, Teikoku Oil and Mitsubishi Gas Chemical. However, foreign investors still remained cautious
      Source: DBS-Daiwa  -  650 words
    • Article
      Lock icon Manila
      150 8 Reuter THE MARKET cloaed higher acroas the hoard, with turnover rising to 5 J million pesos from Wednaaday's 3.8 million, dealers said. Atlas Con B, Baguio Gold, Lepanto B, Philex B, Oriental B, Phil Overseas, Seafront, BF GoocMch and Meralco roae, while Acoje Mining, Inco B, Pldt, San Miguel
      Reuter  -  150 words
    • Article
      Bangkok
      243 8 APR 4)6 w Bahu Asia Credit -4 ASM Fibre Anthi|i Inv. And Trust Bangkok Investment 286 uneh Bangkok Bulk 3» Bangkok Drying And SUo Bangkok Insurance Bangkok Metropolitan Ban 630 ufich Bangkok Nylon 1(0 uneh Bank Of Asia -4 Bank Of Ayudhaya Ltd 232 Bata TO uneh Berll Jucker
      243 words
    • Article
      Selected indices
      68 8 FINANCIAL TTME8 INDUSTRIALS Wednesday 523.8 Tuesday 525.3 Week Ago 515.8 DOW JONES AVERAGE INDUSTRIALS Wednesday 880 JO Tuesday MML33 Monday 857.75 Week M* 850.31 LONDON DOLLAR PREMIUM Wednesday 56 v. to 50 W Tuesday 56 to 56 vt HXQANG SENG Thursday closed Wednesday 519.44 Week a«o 549.80 8YDNEY
      68 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      187 8 Mathematics and Statistics in Penguins Mathematical Carnival: Martin Gardner A piece of solid iron in the form of a doughnut is heated. Will the diameter pf its hole get larger or smaller? Just one of the maddening but uniquely entertaining puzzles that make up Martin Gardner's latest collection. The range
      187 words
Page thumbnail Page 9
  • BANKING AND FINANCE
    • Article, Illustration
      The whiz kid at DBS
      905 9  -  At the end of Shenton Way sprawls a mammoth mustard-coloured building owned by one of Singapore's fastest growing local banks The Development Bank of Singapore. There, on the first floor, is the bank's dealing room. In today's final report on the forex market, COLIN CHEE
      905 words
    • Article
      MHT in venture to produce forex journals
      221 9 MANUFACTURERS Hanover Trust Company (MHT), America's fourth largest bank, has teamed up with one of Europe's largest independent forecasting organisations to produce a range of foreign exchange publications. These will be marketed by MHT's Singapore branch, Kuala Lumpur office and MHT branches and
      221 words
    • Article
      Lock icon IMF gold sale
      50 9 Reuter THE INTERNATIONAL Monetary Fund said it sold 470,000 ounces of gold at an average price of U*****.21 per ounce at its latest monthly auction. The IMF said successful bidders paid prices ranging from $238.71 to $240.27 per ounce. It received no non-com-petitive bids in the auction.
      Reuter  -  50 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        447 9 THE FOREIGN exchange market yesterday was quiet with Hongkong closed and President Carter expected to speak on America's energy package last night. The US dollar was traded moderately as dealers took a wait-and-see attitude, and tended to weaken. Against the yen, the US currency opened at 214.75/85 in
        447 words
      • Article
        Tokyo
        125 9 THE DOLLAR for overnight delivery yesterday closed at 214.60 yen, lower compared with the 215.30 opening, but slightly above 214.40 at Wednesday's close. After opening firmer and reaching a 215.35 yen high the dollar eased to 214.20 and thereafter fluctuated between 214.35 and 241.80 in the afternoon, with the
        125 words
      • Article
        Asian $ rates
        171 9 Asian rates ASIAN currency deposit interbank rates as at close on April 5: 7 days 1 month 2 months 3 months 0 months 9 months 12 months US DolUr*(8ao() Off.r 10'. 10'/% 10 X 10% 10'J 10% 109/16 107/16 1011/*****/16 10H 10>4 10M 10 W 1 month 3 months 6
        171 words
      • Article
        Discount
        6 9 Source: National Discount Co Ltd
        6 words
      • Article
        Frankfurt
        44 9 FRANKFURT exchanges opening quotes on April 5: US 1 BMS/53 (1 8813/30) Can I.MBO/70 St«-IMO 898 S F1 tt.74/84 S Fr U0.48/88 Lit 2.237/ XT F Fr 43-53 *3 N Kr 38.77/87 B Fr (con) 6.324 34 B Ft (fin) 4.184/U4 Yen 0.87®/88
        44 words
      • Article
        Gold
        208 9 SINGAPORE gold futures yesterday closed generally higher compared with the overnight levels, in light trading, dealers said. Opening quotations were marked up around US$l dollar dollowing the metal's overnight strength in New York and the market thereafter fluctauted narrowly throughout the day, they said. Turnover rose to 169 lots
        208 words
      • Article
        London
        190 9 CURRENCY markets yesterday opened quietly here with the dollar showing only small changes from its overnight levels against most European currencies, dealers said. There were no new factors and the dollar opened at 214.60/70 yen compared with its 214.60 close in Tokyo after a much calmer session there in
        190 words
      • Article
        Australia/NZ
        61 9 QUOTES on the Australia and New Zealand exchanges on April 5: AUSTRALIA US dollar l.lia/LUM Sterling 8 5307 OJ»4 Ninety-day airmail buying rate*: Sterling OJSBB US dollar 1.1518 Ninety-day forward buying rate*: Sterling 0-SCI US dollar 1.1210 NEW ZEALAND: Reaerve Bank midrate U5J***** Trading Bank indication* Sterling BJBBB/BJBBB US
        61 words
      • Article
        MLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their beat cuatomers is 8 per cent.
        21 words
    • Article
      Untitled
      279 9 THE COST of takeovers Is high, be it a success or a failure. Word has it that Sime executives are further dismayed to find that the $4.5 million expended on its takeover attempt of Guthrie Corporation is non-deductible for tax purposes. Equally exercised over their takeover trill are the executives
      279 words
    • Article
      Lock icon Aussies plan currency hedge market
      278 9 Reuter ELEVEN and possibly 13 Australian banks will take part in a proposed hedge market for forward currencies. Deputy chief manager International Division of the Bank of New South Wales, Robert Blackwood at a Securities Institute of Australia meeting in Sydney that the banks hoped
      Reuter  -  278 words
    • Article
      Lock icon CONCERN OVER DOLLAR'S GAIN
      154 9 Reuter JAPANESE Federation of Bankers Associations president Takusi Matsuzawa expressed concern that the dollar's rapid gains against the yen may cause Japanese prices to accelerate, applying a brake to the present economic upturn in Japan. He said that an increase in the official discount rate of
      Reuter  -  154 words
  • OVERSEAS
    • Article
      Lock icon Teamsters, truckers won't team up yet
      644 9 NYT THE LOCKOUT and strike in the US trucking industry, in its fifth day yesterday, will probably go on until next week, according to a senior Carter Administration official who is monitoring the situation closely. The official also said the shutdown of truck freight
      NYT  -  644 words
    • Article
      Lock icon AIRBUS EXPECTS SALES TO SOAR TO 1,000
      198 9 AFP European Airbus will sell at least 1,000 planes during the coming decade, French Transport Minister Joel Le Theule said on Wednesday. He said that the makers of the Airbus a consortium grouping industry in France, Britain, West Germany, the Netherlands and Spain
      AFP  -  198 words
    • Article
      Lock icon Sweeteners for SALT II
      124 9 UPI US NATIONAL Security Adviser, Mr Zbigniew Brzezinski said on Wednesday that US and Soviet negotiators are on the verge of concluding a SALT II agreement that gives America "one or more advantages For every one we have granted the Soviet Union." In what seemed to
      UPI  -  124 words
    • Article
      Measures will boost French growth
      176 9 THE French Government's 5.8 billion franc (S*3 billion) package of investment promoting measures announced on Wednesday is expected to keep France on track to achieve the Government's target of 3.7 per cent real economic growth this year. Prime Minister Raymond Barre told a press conference
      176 words
    • Article
      Lock icon Indefinite BL strike
      99 9 Reuter LEADERS of the BL United Craft Organisation meeting In Birmingham on Wednesday called for an Indefinite strike by more than 8,000 BL craftsmen and toolworkers from today in support of separate negotiating rights on pay rises. A BL spokesman in London said: "This organisation does not
      Reuter  -  99 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      0 9 @!%@%`;/{{?~:+='=&"{=*{!<)$@[],
      0 words
    • Advertisement
      Page 9 Advertisements Column 2
      235 9 Ifi The Swiss Franc is one of the world's strongest currencies. How can you make this fact work to your advantage? BUY SWISS REAL ESTATE For as little as U.S. $68,000 (or as much as U.S. $458,000) you can be an owner in one of Switzerland's nicest summer-winter resorts. It's
      235 words
Page thumbnail Page 10
  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1753 10 WD and offer prices officially Imted md business In and regbrted to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. .All Time Settlement Contracts are quoted after the word -Bet." _"Btg Board deals
      1,753 words
  • Article
    Unit trusts
    166 10 SINGAPORE UNIT TBUBT (MimCh' friM tar Apr 8) The Comnwm 2.22 2 31 The Saving Fund 1.31 1.38xd S pan Prog Fund 0 57 182 S pore Sec. Fund l.tl L* S pore Invest Fund 1.29 1.37 S pore Equity Fund 1.00 1.06 INCOME BON1 (Carnal pri lnmm»
    166 words
  • Article
    SHARE INFORMATION SERVICE
    2598 10 "1919 HHk Lo-v C«M»y Lul Sal* +orGr"» Div Div CTT Gr*s YTd Not P/E Vol (•000) Day Hi«k Low SECTION ONE 14 INDUSTRIALS 243 190* H2 180 74 H 276 302 202 380 2m 123* 110 150 60 185 226 177 298 Acma Alcom Allied Choc BAT
    2,598 words
  • Article
    In Kuala Lumpur
    1700 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. DKDUSnRALfI iUm (2.328) AJaaMta (2MB J 40S) (1) 3.20 AIM (1MB) (I)
    1,700 words
  • Article, Illustration
    Brighter note from the opening bell
    551 10 TRADING tMk aa a brighter aete at the Stock Flrfhff at fcppw vMtfrAftjt Bkare price* mtvel fram steady to am aad toe totter part et toe day. Same kepetal akaervers tkeagkt toe miM amy see a "mlalfcMi" wkea toe todastrtal ladex kits toe m-m
    551 words
  • Article
    Steady trend prevails on KL exchange
    432 10 A STEADY trend prevailed on the Kuala Lumpur stock market yesterday and prices surged to close on a firm note. Trading was fairly active with particularly keen buying interest noted in the afternoon. This strong afternoon support resulted in widespread gains and prices finished
    432 words
  • Article
    Government bonds
    135 10 4 1/21 1/8/80 050.000) (99 408 *****) (8 98 44 (6 99 45 4 3/41 15/9/80 (250.000) (99 SOB 99 70S) 6 1/41 1/3/81 (2S0.000) (100 208 *****S) 691 15/4/81 (250.000) (99.628 99 706) 61 TF 1/6/83 (250.000) (100.JOB 100 206) 6 3/41 T F 16/8/81-84 (250.000) (101
    135 words
  • Article
    Stock options
    95 10 Striking prices of the options officially listed on the Stock Exchange at Singapore yesterday, the period, Did* and offered prices and business done, if any, with the number of options traded shown in brackets. CsM Stance (June $2.00) (0.358 0.455). C C (June $2.60) (0.578 O.C7S). PAN (June
    95 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article
      Ben's associates still losing out
      814 11  -  oy MANO SABNANI AT A TIME when most locally quoted companies are taking up the Singapore Society of Accountants' recommendation to adopt the equity method of accounting, Ben and Company has taken a step backwards and decided to exclude the results of its associates from
      814 words
    • Article
      THANKS, LOCK SIEW
      663 11 Letter to the Editor l. Dear Sir, We would like to thank "Hock Lock Slew" for the time he spent talking on the phone to us, a couple of small part-time investors/ Business Times subscribers. Even as we are happy to see a change in your style
      663 words
    • Article
      DIVIDENDS ANNOUNCED
      623 11 ('arrest Ei Books Data Total for Total for Payment Date Close Payable the year Previous year M I' Ind M Mar 19 Mar 29 Apr 6 5% Hume M •SI Mar 14 Mar 26 Apr 13 6% 15% K Sidim SHI Mar 28 Apr 7 Apr 14 5%
      623 words
    • Article
      SCRIP ISSUE
      170 11 Company Particulars Ex Date Books Close Keck Seng Bonus Issue of 1 for 5 Apr 4 Apr 17 Dunlop Est Bonus Issue of 1 for 5 Apr 8 Apr 30 P. Product* Bonus issue of 1 for 4 NYA NYA Toshiba Rights Issue of 3 for 2 Bovis
      170 words
    • Article
      Profits up for Roxy
      83 11 ROXY Electric Industries (Malaysia) Bhd has reported that audited after tax profit rose to MJ1.62 million for the year ended Sept 30, 1978, from $1,41 million previously. The company has declared a first and final dividend of 5 per cent, tax exempt (5 per cent tax
      83 words
    • Article
      COMPANY MEETINGS
      242 11 Prima Fleer Mills Lid: AGM to be held at 201, Keppel Road. Singapore, at 3 p.m. on Apr 12. Devetoaneat Baak LM: AGM to be held at DBS Building, Shenton Way, Singapore, at 11 a.m. on Apr 12. Selaagar Prtpcrtici BM AGM to be held at Tlngkat Kedua,
      242 words
    • Article
      Soutex to handle SPTI's spinning production
      441 11 SOUTH PACIFIC Textile Industries (SPTI), one of Malaysia's largest manufacturers of knitted garments and yarns, is to consolidate and combine the spinning activities of the group under its subsidiary, Soutex Sdn Bhd. The company'! board of directors have resolved to transfer all the spinning
      441 words
    • Article
      Lock icon Breaking the neckline
      304 11 ■saiaiaa sjqscl,. by HOCK LOCK SIEW THE MARKET meved aa to higher graaad yesterday with wideapwad haytag seea ta auy sectors. The Straits Times tadastrial iadez eaavtactagly brake the aeekttae ef Jit psiats with yesterday's mevemeat TVe tadex cleaed the day U pstata ap at ***** with
      by HOCK LOCK SIEW  -  304 words
    • Article
      NANYANG PRESS SINGAPORE (1975):
      28 11 Pre-tax profit of 551.34 million ($1.2 million for the half-year ended Jan 31, 1979. Turnover was $10 million against f&75 million previously.. v I
      28 words
    • Article
      NEW STRAITS TIMES (MALAYSIA)
      38 11 Group" tax profit of MJ7.17 mitten ($6.64 million) on turnover' of $33.20 million (S2B.3#lnfllion) for the half year ■■i>d Feb 28, 1979. The company has declared an interim dividend of 15 cents a stare.
      38 words
    • Article
      MALAYAN FLOUR MILLS
      73 11 Group pre-tax profit of M 99.9 million ($12.6 million) for the year ended Dec 31. 1978. Sales were $86.7 million^S7B.3 million). For the parent, profit was 18.7 million (111.8 million) on sales of $85.5 million (177.6 million). The company is proposing a first and final dividend of
      73 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      559 11 SOUTH EAST ASIAN BANKING AND FINANCE CONFERENCE 19TH AND 20TH APRIL 1979 Sponsored by Financial Times and Business Times The Conference will cover major political, economic and commercial questions of interest to the regional and worldwide business communities. The Hon. Mr. S. Rajaratnam, Minister for Foreign Affairs, Singapore will be
      559 words
Page thumbnail Page 12
  • Article
    Lock icon US. ECONOMY WILL SURVIVE PIL PRICE RISE
    879 12 NYT THE sharp increase in the pdoe of oil that took effect this week will be painful fir the United States but not intolerable, according to energy economists interviewed since the increases were announced Last week. The economists' findings run counter to the
    NYT  -  879 words
  • Article
    Lock icon Dearer Mexican oil
    122 12 UPI MEXICO'S state-owned oil monopoly, Petroleos Mexicanos (Pemex), on Wednesday announced a 21.3 per cent increase in the price of its crude oil exports for the second quarter of 1979, fixing the price per barrel at U517.10 (5J37.28). Pemex said the new price would be retroactive to
    UPI  -  122 words
  • Article, Illustration
    Pollution alert after misfortune at sea
    280 12 PORT OF Singapore Authority (PSA) vessels and Malaysian Navy ships were last night placed on the alert to combat oil slicks from a Überian registered tanker. The 47,000-tonne tanker M. V. Fortune collided early yesterday morning with the 75,000-twine American aircraft carrier USS Ranger,
    280 words
  • Article
    Lock icon Donors likely to give Jakarta more aid
    243 12 Rener AID donors have reacted positively to an Indonesian request for some US$l.9 billion (Ss4 billion) of official assistance for 1979/ 1960 at the annual Intergovernmental Group on Indonesia (Iggi) meeting in Amsterdam, conference sources said. Generally, donors seem prepared to increase their
    Rener  -  243 words
  • Article
    MANUFACTURERS DO MALAYSIA PROUD
    386 12 ALTHOUGH Malaysia's overall trade surplus in 1978 showed a billion dollar decline due mainly to a faster rate of growth of imports than exports it is significant that exports of manufactures accounted for about half the total increase of about $2 billion in export earnings during
    386 words
  • Article
    LONDON STOCKS
    833 12 LONDON, Thurs. Shares closed higher with market sentiment encouraged by higher earnings figures from several large companies, dealers said. At 3 p.m., the Financial Times index was up 12.4 points at 536.2. Government bonds closed steady at yesterday's closing levels with little reaction following the reduction in the
    833 words
  • Article
    Lock icon Meeting of Japanese and Asean Economic Ministers
    267 12 Reuter UPI THE lap—— Faraiga Ministry yesterday said that Japan and Asean may tars' meeting la Tekye MHCI HUB JfNTi A ipakeamaa (ram the Ministry aaU that Japan wuti ta dlaeaas the matter wtth Asean. "If a warklag level faram *t Aseaa ta
    Reuter; UPI  -  267 words
  • Article, Illustration
    Bank opens with top official in attendance
    281 12 THE executive vice-presi-dent of the First National Bank of Boston, Mr. George Phalen, arrived yesterday to attend the official opening of the Singapore branch of the bank. Mr Phalen, also head of international operations of the bank, was accompanied by the general managers
    281 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      244 12 Monday 9.4.79 at 7 pm Venue: THE GOETHE-INSTITUT SINGAPORE presents talks by Professor Schmitt-Rink In conjunction with the Singapore Chinese Chamber of Commerce and Industry "International technology transfer:- problems and proposals" Lecture Room (Singapore Chinese Chamber of Commerce and Industry) Tuesday In conjunction with the 10.4.79 Singapore Institute 9am to
      244 words
    • Advertisement
      Page 12 Advertisements Column 2
      430 12 Straits Steamship Company Limited (Incorporated in Singapore) Preliminary Announcement of Results for the year ended 31st December 1978 The audited results of the Group for the year ended 31st December 1978 are as follows: Soles Operating profit Profit before taxation Profit after taxation Profit attributable to stockholders: before extraordinary items
      430 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      56 12 Outlook for Singapore from 6 a.m. to noon today: Cloudy with occasional showers th ß »Kpwt* r Pri#r U P m Apr Us** Maximum temperature 29.7 Associated humidity 78 Minimum temperature 23.8 Associated humidity 97 Hours of sunshine o.2ft* Rainfall in millimetres 1.6 Total rainfall tor the month 41.5 Total
      56 words
Page thumbnail Page 13
  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Embryo maritime venture
        104 13 AFP THE struggling Dutch-built dockyard in Surabaya, renamed Ship and Dockyard Corporation on Wednesday was proclaimed the embryo of a national maritime industry by the Indonesian armed forces Deputy Commander Admiral Sudomo as he appointed new directors of the dockyard. He said the enterprise should in the
        AFP  -  104 words
      • Article
        Lock icon Shipbuilding aid
        46 13 Reuter BRITISH Industry Minister Mr Gerald Kaufman announced an £85 million (Ss34B million) aid to the state-run shipbuilding industry. In a written reply to Parliament he said the aim was to maintain British shipbuilders' share of the world market at around 3-1/4 per cent.
        Reuter  -  46 words
      • Article
        Lock icon Ship collision
        103 13 AP A 3,270-ton Philippine lumber carrier and a 1,125ton Japanese refrigerator boat on Wednesday night, collided in Ise Bay, central Japan, the Maritime Safety Agency (MSA) reported. MSA officials said no injuries were reported among all 24 Philippine crewmen of the lumber carrier Cresta Two. The Cresta Two
        AP  -  103 words
    • Article
      Clear water for shipping
      608 13 GNP GROWTH WILL HELP THE FUTURE of International shipping industry is not as dim as it seems to be. Growth in world population and wealth will (Mill the industry out of its present slump and offer shipowners a profitable future. This optimistic view of the industry
      608 words
    • Article
      Lock icon London freight
      208 13 UPI PERSISTENT itrug demaad tar t—age reeeatiy has farced ip Eummi User rate* ud Nedllayd taaad It arrtaaary to cmcede aa attractive a day to the 15,245 dwt C-rtHftn far aa April trip aat (ram Ike eaattaeat to the Peralaa GaJtf. Similar patterns prevailed elsewhere aa the freight
      UPI  -  208 words
    • Article, Illustration
      Sembawang's new GM
      170 13 SEMBAWANG Engineering, a member of the Sembawang group of companies, has appointed Mr John Newman as its general manager. The post was left vacant after the departure of Mr J.F. Crook in February. Mr Newman, a mechanical and marine engineer by profession, is not new to the
      170 words
    • Article
      Talks on Asean conference
      182 13 THE FEDERATION of Asean Shippers' Council (FAST) and the Federation of Asean Shipowners' Association (FASA) will meet in June to discuss the viability of an Asean-based shipping conference. This is the first time the two organisations meet formally to discuss the subject. The meeting, to be
      182 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      2920 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 Port
      2,920 words
    • Article
      INDEX
      541 17 8Mpplag Um Page Cat ACS n 5 Alea IV S Alfred V 3 Alpae IV 5 Angkutan IV 4 ANL I 1 APL m 2 Arya Nat n 5 ASCL m 5 Asia Merchant iy 3 Atlas V 2 A ust. Con t IV S Bank n 5 Batam
      541 words
    • Article
      Container Schedules
      892 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) AU export FCL containers and LCL cargo must be delivered to the Authority's premises during the
      892 words
    • Article
      Who acts for whom
      843 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 LineIn term odal. Algerian National Line (CNAN) —Unipacific. Alpac Line—lntrasea. Anhsing Line— Strongwill. Angkutan Pertambagan—
      843 words
    • Article
      Lock icon Hongkong is wallowing in its success
      1313 18 Lloyd's List THE PORT of Hongkong handles more than one million containers a year, more than 25 million tonnes of cargo, in excess of 9,000 oceangoing vessels plus another 80,000 river craft, junks, island traders and fishing boats and is the busiest in the
      Lloyd's List  -  1,313 words
    • Article
      Lock icon Conference rate changes
      229 18 Reuter MEMBER lines of the Ceylon/UK and Eire Shipping Conferences said they are adjusting the currency adjustment factor to minus 5.5 per cent from minus 8 per cent for ships loading at Sri Lanka from next Monday. The Ceylon Continental Conferences factor is unchanged at 24.5 per
      Reuter  -  229 words
    • Article, Illustration
      SHIPS IN PORT
      442 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES African Phoenix (0600 after Mudanjiang Hauls 35/36 Barge Lingoo 8 (0300 alongside Korean Prince) 6/7 Bunga Bindang (0300) 19 Bunga Mas (after Bunga Bindang) 19 Golden Eagle after Hoso Maru) 25/26 Great Honour (2000 after Taronga) 3/4 King Tower (1500) 22 Korean
      442 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      458 13 NedNoyd Lines Call us We call the world Agents: Nedlloyd EAC Please refer to page 3 FULLY CONTAMUSED SERVICE TO EUROPE (VIA SUEZ) FULLY CONTAINERISED cicvAini *03 ix KOREAN lACENON It H.KONG CONTMKX 1«E «CATOt HE OKNTAieWMX SSEAS BRSGE 2* ORBITAL RfJWROO 7E »IW CORAL IX LCL 12/4 1800 HRS
      458 words
    • Advertisement
      Page 13 Advertisements Column 2
      379 13 SEALORI) LLJ ANTAH H UASC All vessels ***** DWT, 105 TON H.L. Derrick a 288 TE U Capacity, Long Length Capability ■ARABIAN GULF WEEKLY SERVICE Vessel S pore Loading for ImBAJjAH 15/4 Dammam (30/4) BNALMOATJU 15/4 Damnum (27/4). B AI RAYYAN 20/4 Dammam (2/5), Doha (4/5). Kuwait (7/5), Shuaiba (11/5).
      379 words
    • Advertisement
      Page 13 Advertisements Column 3
      224 13 ■NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE H CORAL C PAUI* H PiARI c non. R JACfWOA MR CONTMWR WRCAIOR 0 CHtf •C PMI S'pn Qmi ran fa C*f» MM 13 Mr ia c*f. \m li Mm c«p to/tm* iinßwi FROM EUROPt i VIA SUEZ):
      224 words
    • Advertisement
      Page 13 Advertisements Column 4
      718 13 a st class transport Agents: Nedlloyd EAC For further details, please refer to page 3 II Scan Dutch V MAERSK LINE For US Paafcc. Ut l Attaatoc and t*st Canada (Abe ecceptmj lor Hongkong. Taiwan. Japan and Aorta) f/4 11-11/4 15-11/4 It-17/4 *2*3/« 23-24/4 sen az r FOR last Asu
      718 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      768 14 FULLY CONTMOSSED TO EUROPE CHpik) Liif l< t*j EVKSS CONNENTKINM. TO EtWVE S'p*r* PJUMai Pm Mm Gmm HW hi** 18/4 20/4 23/4 19/5 2S/S MMmMI 29/4 1/5 4/5 27/5 24/5 6/6 26/5 23/5 21/5 4/6 1/6 30/5 WET CONTWOSED TO GEMM/THBTE rrm r.uai tm •Mhrrwj 11/4 U/4 39, MfeßlM 19/4
      768 words
    • Advertisement
      Page 14 Advertisements Column 2
      302 14 borber blue sea ftmc US ATUWTIC US GULF A EAST CANNM M»y 30 I Mir 2t 58 !T SS TOM" Apr ftrit Imi -mu" Ap 21 (Pmm| 25/4; f. fataf N/4) •TUODOS" Mtr 2 JlMwi 27/»; Pmm| 29/4). To: US ATUNTK US GULF ft EAST CMMM VI iS; IMTL Ifr
      302 words
    • Advertisement
      Page 14 Advertisements Column 3
      549 14 EVERGREEN LINE FAR AST KIROPf fXPRISS Kill CONIAINIR SERVICE 1 ACCEPTItG CARGO FO* HAMBURG. FUKSTOWE. ROTTEROAM. ANTWERP. IE HAVRE ALSO ACCEPTItG CARGO FOR UWTED KMGOOM SOUTHAMPTON 'LONDON MANCHESTER. BMMNGHAM. BRtSTOt LIVERPOOL, GLASGOW LEEDS WEST GERMANY HOLLAND AMSTERDAM Spar* Hiiitin Wtrt» AH—» Lt Nwt MM aap DM* 11 mi MMr »Mr
      549 words
    • Advertisement
      Page 14 Advertisements Column 4
      833 14 Everett Line v 2 'BURMESE NATIONAL LINE" LOAMS FOB MM BFSSC Agents *1 M«ay*a TEPS MALAYSIA Port Kataog Tat (38) 7366 PanangTa* *****/***** MmiKMa I—<■>! S. A. C.I. F. "ARGENTINE NATIONAL LINE" Tr—tywudw Maritima Maxteaaa S. A. "MEXICAN NATIONAL LINE" m EAST/mCO 8 I ~m im PN at la*!" ifUSXL?
      833 words
    • Advertisement
      Page 14 Advertisements Column 5
      657 14 HO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD KM 10? 10} ?1 ST f l OOR MARINA HOUSE SHFMONWAV MIST Wl ROAD SINGAPORE 2 Tfl A\>ll44 7&*****70 IO SANKYO LINE AUSTRALIA SERVICE TIM SIM lOOSTK ACE. 7/11 Apr 11/13 Apr BMS, SYD, ICL, AKL 25/27 Apr 21/29 Apr SYD, MEL, ACQ BANGLADESH
      657 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      627 15 OCL Overseas Containers Limited 1 mma to mr/conihit: Spare riala< Dawk by 7% 20% m 11 5 Hay liT 19 24 Dpi i May Mara 20% 27% It Mm tan 30% 2lk| n J May 2* May ■tOay May 9May 29May li Hit tla iMm II May 21 May 12
      627 words
    • Advertisement
      Page 15 Advertisements Column 2
      807 15 GRANARD LINE jr"TTYT7?"*T Vv* WEST BOUND-fM EAST/MH*TE*ANEAH Spaa tUtmt hM| Lm*| tar. 1* Apr MM/T Sudan P Sa4 /AfcuaAria/ Oanrt laussM Lactate Pvtan T>«ot Bcnikafl Ml. SAMS POOOIESS V.25M MV MM MS V-2MT 17 n 22 %> MM/r Sad Atautena/Barat/lattafca P»MM/Ir«0k/iMgHB MM/P SuAaa/P Sap/ AlauaOna/ Bar at' Lattaka/ Pwaars/ia«(fcati/Tnpeh/ *U
      807 words
    • Advertisement
      Page 15 Advertisements Column 3
      678 15 BEN LINE CONTAINERS EXPRESS CONTMNER SMS TO/HUM EUROPE H'BUM IT#** VMM M wawt KtuK 6 M*vt* ro*M mm soton hi Gtr«anr/A«slna Baaain Fraact AB UK P Mia* Sport Far Cartpnßar SaBM Safcrt hM bM bM a Pari HK TWN (an Mm bM faM faM faki 11/4 12/4 w TMN fcZlar
      678 words
    • Advertisement
      Page 15 Advertisements Column 4
      359 15 Scan Dutch 9 Unl >;«;:! »i i>it■ j >7ih :ii: i»: a i r w •»a 2) J) In I) Itm i) irn 4) rata MM kM J/4 1/4 M/ 4 14/4 o*. mm D c n irn nm, I) 4m. o u* Nr*-» t TOEUKOPg 1 rat: C'MIHU. LesbOA
      359 words
    • Advertisement
      Page 15 Advertisements Column 5
      593 15 THE BANK LINE LTD LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobfc, Houston, 6 iveston) «AB[apore P. KcUn( hn« US Gtf HOWELL LVXES (LOADS) 22/23 Art 3 JUN U.S. WEST COAST SERVICE (HonoMu, Portland, Seattle, Lonfbeach, San Francisco) S*p» 21/21 Apr 21/29 Apr HKmc. Kedunc, ASHLEY LYRES (loa*/*di)
      593 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      977 16 I K LINE KAWASAKI KISEN KAISHA. LTD. (accepts* cupel lo Scandmana «u Hamburg) FROM EUROPE TO FAR EAST *L Haute P Keiang S port H Kong Osaka C RO/E 13t Sated Saded In Port 9 Apr 15 Apr KOREAN JACEWON IE Sarfed U Apr 12 Apr |6 Apr 22 Apr
      977 words
    • Advertisement
      Page 16 Advertisements Column 2
      930 16 U.S.A./EAST CANADA SERVICE accept* ra/ia can was from pemrb. p. krang. store Leadh* Mr m TOM. KM OIK E.C./6REAT LARES SERVICE KMOMC fat: m TQM. WBFOU. MtTHOK. PNUOEIMft. MONTREAL TORONTO njn Apr </l«r 23/25 Apr 2t/28 V 9/18 Mer 11/13 Me, CALIFORNIA/PACIFIC NORTH WEST SERVICE Laa*R tar LOS ANGELES. SM
      930 words
    • Advertisement
      Page 16 Advertisements Column 3
      565 16 S (iroup SINGAPORE SHIPPING AGENCIES PTE LTD JOT" FIOUR OCt AN BuaD'NG S'NGAPORfc MARKETING 9' 1122 <3 L'NESI GENERAL *****1 114 LINE Si TELE* RS 2459*. RS 2SS6O A B CARSHiP •CABLE CARGOSHIP sorrow bund i« 15/20 Apr KIGU BUM) 2 19/74 MM ESI WO UN 21/27 SENWK SI MO
      565 words
    • Advertisement
      Page 16 Advertisements Column 4
      293 16 BUNUMUJ VJOi RUNGA SfTAMM} VMS RUNSA OIMKt MM P W«( Smiapore ludn| tar taPWt li*u S ktn Hrl Kadi. Mn t(V7Apr) kM t/9 Apr Site Lib. Hurt T < 14/15 Apr) 13/14 Apr IC/17 Apr KoU KinaMu »/!2 Apr) SCINDIA LINES USA/CANADA SERVICE Prom INOIA/B. DEBH TO PACIFIC NORTHWEST PORTS
      293 words
    • Advertisement
      Page 16 Advertisements Column 5
      815 16 >, rriu»y, A pru ITf*' INTRASEA (PTE) LTD. FabprHousp 234E Orchard Road S-ngapon? 9 T elephone *****1 V *****57 WMlglA til REGULAR NKPINWNT SEM/FULL COffTMCR Sf*WC£ TO CUMK M f *«em p fn«C Lead* Mr O Apr 24 Apr Rotlfdaai AMawp »<o« Swtapert MTRAJU (PTI) 118 23SKU POGMK *****57 i*m
      815 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      274 17 '<»■ EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) STORE PT KEI PENANG PT SUEZ PT SAD MIX U Apr 17 Mar 1 Mar i WWII Mar 17 May 31 Jmt 5 ■Hlycwvwnt i MARTIANS CAKO PVtASf CONTACT SCWKR SMGAPOK J& *****11
      274 words
    • Advertisement
      Page 17 Advertisements Column 2
      217 17 -\GBN/~ WESTAFRICA SERVICES CONTMNER BULK SERVICE > TO LAGOS/APAPA, PORT HARCOURT, TEMA, MONROVIA AND COLOMBO VESSEL Japan H.Konf Sport lifts YUE FLOWER.. 4 Apr 9 Apr 17 Apr 22 May A VESSEL 23 Apr 10 May IS May IS ha ACCEPTMG BOTH CONTAMERS AW PALLETISED CARGO FRATA SHPPM6 PTE. LTD
      217 words
    • Advertisement
      Page 17 Advertisements Column 3
      257 17 ALFRED C. TOERFER LINE REGUM SERVICE TO MEDITERRANEAN PORTS OF ITALY, SPAM, FRANCE TIBER SERVICE S pare p. Kris SAPPORO OLYMPICS 14 Apr 11 Apr REMUS 1 May iniEßmODfil. TRfIHiPORT MZVDOYESZAVO&ZEVTAL LIVES JAKARTA REGULAR OEPENDMU EXPRESS SERVICE TO A FROM RDONEStt PONS PJELANE STOK HSTWHOM 7/1 Apr WAiyi KEPA MMTA
      257 words
    • Advertisement
      Page 17 Advertisements Column 4
      141 17 NIGERIAN NATIONAL SHIPPING LINE NNSL FAR EAST/WEST AFRICA RIVER RIVER JIMINI KEREWA Singapore 24/25 Apr 22/23 May ETA: LAQOB 17 May 14Jun Pt Harcourt 25 May 21 Jun Douala 28 May 23 Jun Tama 30 May 28 Jun Abidjan 2 Jun 28 Jun (accepting braakbulk/containara) BOUSTEAD SHIPPING AGENCIES T«l: S'pore
      141 words
    • Advertisement
      Page 17 Advertisements Column 5
      95 17 MAMMOET SHIPPING/AMSTERDAM "HAPPY PIONEER" HEAVY UFT/RO-RO VESSEL ABT 250QDWT WITH LIFTING CAPACITY 350 TONS VESSEL PRESENTLY IN SINGAPORE INTERESTED ALL TYPES OF CARGO ANY DIRECTION FOR ENQUIRIES PLEASE CONTACT NEDUOYD-EAC AGENOES PTE LTD TEL *****1 TELEX NEDEAC R*****1 m.r. "K Y R A" VaY: Ch-2 arrived Ist April, 1»7». t
      95 words
    • Advertisement
      Page 17 Advertisements Column 6
      96 17 NOTICES 'm lk tean&portatton op M TO Ml CUBIC METRES PISH OIL Carriers with bulk lank capacity of 300 400 cubic metres for prompt shipment fish oil ex Aden to either Singapore. Rotterdam or Hamburg should telephone *****6 (Mr Gallagher) or *****1 (Mr SG Lee) Cargo now ready for fast
      96 words
Page thumbnail Page 18