The Business Times, 19 April 1979

Microfilm: NL10129
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 14S/1/79 THURSDAY, APRIL If, M7I 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Dearer oil likely
      67 1 KUALA LUMPUR, Wed. Three oil companies, Caltex, Mobil and Shell have said that they will be seeking government approval in the next few days for an increase in the price of oil. Meanwhile, the supply of aviation fuel remains unchanged. Shell, the only supplier here, said today
      67 words
    • Article
      Lock icon No 2 tin producer
      78 1 Reuter JAKARTA, Wed. Indonesia is expected to produce 35,000 tonnes of tin annually by the end of the year, making it the world's second largest tin producer after Malaysia with about 55,000 tonnes, a US embassy report said. Indonesia is currently the world's fourth largest producer.
      Reuter  -  78 words
    • Article
      Lock icon Brezhnev the chief
      60 1 UPI MOSCOW, Wed. The newly-elected Supreme Soviet today unanimously re-elected Communist Party general-secretary Leonid Brezhnev as President of the Soviet Union. Mr Brezhnev took over the Presidency in addition to his powerful post as Communist Party chief in June, 1977, after forcing former President Nikolai Podgorny to
      UPI  -  60 words
    • Article
      Lock icon HK prime rote rise
      76 1 AFP HONGKONG, Wed. In what appears to be a bid to check the decline of the Hongkong dollar and heavy demands on loans, the Hongkong and Shanghai Banking Corporation and the Chartered Bank are again raising their prime lending rate. As from Friday the rate will
      AFP  -  76 words
    • Article
      Lock icon Lower surplus
      81 1 AFP TOKYO, Wed. Japan's current account surplus in fiscal 1978, ended last month, totalled US$l2,023 million (5J26.45 billion) down 14 per cent from the previous fiscal year, the Finance Ministry announced in a preliminary report today. The surplus amount was below the government's earlier estimate of about $13,900
      AFP  -  81 words
    • Article
      Lock icon US personal income up
      70 1 AP WASHINGTON, Wed. The personal income of Americans rose a full one per cent in March after lacklustre gains in the first two months of the year, the government said today. But the increase of US$l9.2 billion (Ss42 billion) in personal income last month to a
      AP  -  70 words
    • Article
      Lock icon Dow Jones
      68 1 AP NEW YORK, Wed. The stock market headed higher today as investors watched for signs of the future course of interest rates. The Dow Jones average of 30 industrials rose 2.00 to 859.93 in the first half hour. The week began amid some speculation that the Federal Reserve's
      AP  -  68 words
  • Chief Price Changes
    • Article
      SINGAPORE
      119 1 Rises P M R I Shangri-La Setron Setron A Tganu Dev Berjuntai S T P 1975 Guinness H Msia Msian Ctainers Sin Chew Allied Choc Falls SEAL Magnum Corpn T Harbour Straits Trading FAN 314 570 236 232 173 810 640 535 265 215 378 134 235 414 390
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    • Article, Illustration
      KUALA LUMPUR
      149 1 Rises Most Active Parit Pk E A I Temerloh Syn Resins Jeram Inch KK Petaling Sg Besi Malex M Textile Sg Bagan Pac Dev Esso Ord Austral S Lumber uoo 320 340 142 310 590 820 955 378 60 348 280 Falls 440 348 238 70 20 +20
      149 words
  • Article
    Sime sets hot pace in W. Asia
    769 1  -  TRADE PROMOTION CENTRE By FONG MEW LENG SIME DARBY Holdings will make a forceful entry into West Asia with the setting up of a trade promotion centre, a lion manufacturing joint venture and the obtaining of a sole agent distribution franchise there within
    769 words
  • Article
    Containing tourism costs
    192 1 THE GROWTH of tourism in South-east Asia may seriously be frustrated by rising costs and shortage of hotels, a top British Airways official said early this week. Mr Gerry Draper, BA's director of commercial operations said these countries should try to contain these "destination costs." Speaking to
    192 words
  • Article
    E S E gears up for exports of electronic kits
    460 1 EUROPEAN Standard Electronic (ESE) in Kallang Way will be setting up a kit section to manufacture loose or semi-assem-bled electronics components for sale to developing countries in Asia. To meet its expansion programme, the company had shifted from its old
    460 words
  • Article
    Lock icon BE FARE, CALLS IATA
    215 1 Reuter THE Philippine president of the International Air Transport Association (lata), Roman Cruz, has accused developed nations, especially Australia and the United States, of trying to impose unilateral fare decisions on Third World countries. His office at the Philippines Airlines (PAL), of which he is chairman,
    Reuter  -  215 words
  • Article
    H. Leong to acquire minority Sinfin shares
    273 1 HONG LEONG Fiauee latoads to acq mire compalsorily the renulalag miaority rittrei la Its sabsidlary, Singapore Pl* naace. The ctmpiiy sa- •■aeei yesterday eveaiag ttot It hu farther acq aired 1(1 ordinary shares la Singapore Flaaaee, hrlaglag Its total haidlags la the company
    273 words
  • Article
    Financial body catering to manufacturers?
    373 1 MANUFACTURERS should set up a financial institution with the assistance and support of the Government to serve the needs of manufacturers and exporters. This suggestion was made at the seminar on export financing yesterday by the general manager of United Industrial Corporation (UIC), Mr Gopinath
    373 words
  • Article
    BANKING AND FINANCE
    43 1 Our annual Banking Supplement is published free with today's edition of Business Times. It features an exclusive interview with Mr Wong Pakshong, managing director of the MAS and includes articles by over twenty experts. Make sure your copy is inside.
    43 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      6 1 [/;*)-@?&\!%<~\]':=/_-\-^&\|')+ SEE BACK PAGE SEE BACK PAGE
      6 words
    • Advertisement
      Page 1 Advertisements Column 2
      89 1 THOMAS ROBE RT At AAVS 111 sT f p AHtAO the trained specialist.. M rS y i A THOMAS ROBERT BROKER .1 t- I. 'i' iij II ir.t r1 It I' '■< :1 1 •Iv if: I :t 'I I' fi'.k-. H- i i- t!t ■t•• 1 (If t-'V-i .11
      89 words
    • Advertisement
      Page 1 Advertisements Column 3
      46 1 Leader Page SHIPPING TIMES SUPPORTING iaiastries serve RAW materia15............... t ESBO UMil wells eff Malaysia— 3 PAWNSHOP revival la Japan 7 MAKING ike msst st commercial baaks' services GOOD MBM at (Jilted Wsrks RATING sf Daalep lad [IJ J A TV ft RADIO C, 1:111:'. M,|
      46 words
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      Page 1 Advertisements Column 4
      71 1 Trust Sony far your video needs S SEE PAGES 2 f X •> ;<s "si -v '■> -V SS^aSSftSNi v M>lr <- en V, *>V »>l«w«r liij--2.5 lines per seconds •tmoll 11.4 cm (W) 5.4 cm (H) 23cm (D) Impact print cm s.7nua (2 Vi") plain paper •Portable 600g (21
      71 words
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  • TRADE AND INDUSTRY
    • Article
      Supporting industries as a cushion
      412 2 SINGAPORE'S investors should be encouraged to go into supporting industries to help cushion the blow to local exports should Singapore be re-classified as a developed country. "The effect on our economic activities of increasing the domestic content versus increasing the volume of exports are basically
      412 words
    • Article
      HELLER STUDY
      107 2 HELLER Factoring (Singapore) is studying the feasibility of insuring the debts of importers in developing countries with the Export Credit Insurance Corporation of Singapore (ECICS). Disclosing this at the seminar on Export Financing yesterday, the company's assistant manager, Mr Koh Bee Seng, said this is necessary as the
      107 words
    • Article
      Following the ball to Rome
      94 2 TENNIS buffs and sportsloving Singaporeans will now have a chance to watch world-class tennis. Alitalia, the Italian airline, has in conjunction with Diners World Tour Royale, drawn up a special tour that allows tennis enthusiasts to accompany winners of the SLTA's Alitalia-Singapore Team Tennis Tournament
      94 words
    • Article
      PROMOTING TOURISM
      36 2 THE PHILIPPINE Ministry of .Tourism, Philippine Airlines and the Hilton International Hotels Manila and Singapore organised a travel trade cocktail for friends in the tourism industry early this month at the Hilton Hotel poolside.
      36 words
    • Article
      Calling creditors of Island Ford
      145 2 A MEETING will be held for all creditors and contributories of the former Island Ford Sales Ltd on April 26 at the Supreme Court Building. Island Ford Sales was wound up on July 1, 1977, as a result of a petition by Eastern Industries. The
      145 words
    • Article
      Sending dragons across the sea
      84 2 SINGAPORE and Hongkong have accepted each other's invitation to participate in their respective Dragon Boat races. The Singapore Tourist Promotion Board will receive the Hongkong team for the Republic's Dragon Boat Festival races on Sunday, May 27, and Hongkong will welcome Singapore to its International
      84 words
    • Article, Illustration
      Rank Xerox copier that makes for less effort
      290 2 SANK XEROX has recently latrodaced a new copying machine, the Xerox MM (above), la Singapore. The Xerox MM has three unique features, namely, an automatic document handler, aa automatic Integral tarter aad a diagnostic sappart system. The daeameat handler automatically feeds aad
      290 words
    • Article
      CAM chief drops in after HK visit
      123 2 THE chairman of BursonMarsteiler Asia, Mr Peter Bostock, has been appointed a graduate member of the Communications, Advertisiog and Marketing Education Foundation (CAM). The director of CAM, Mr Norman Hart, was here to hand the letter of appointment to Mr Bostock before flying
      123 words
    • Article
      Roads to avoid
      60 2 TWO LANES of Jalan Ahmad Ibrahim have been closed (or repair of an industrial water main. Motorists are advised to avoid Upper Ayer Rajah Road and Jalan Ahmad Ibrahim and use Jurong Road instead. Traffic fom Upper Ayer Rajah Road to Jurong will be diverted to Jurong
      60 words
    • Article
      Telephone lines
      46 2 THE Telecommunication Authority of Singapore will be commissioning 3,000 telephone lines and will be holding an open house at the Ayer Rajah Telephone Exchange on Saturday. The commissioning ceremony will be officiated by the Member of Parliament for Buona Vista, Dr Ang Kok Peng.
      46 words
    • Article
      MEMO PAD
      398 2 COURSES AND TALKS March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development April 1-30: Industrial labour organisation (residential course), RELC, Industrial Labour Organisation of S'pore April 2-27: Business management module n, RELC, NPB April 10-26: Compensation and Fringe Benefits, Holiday Inn, Personnel and Organisation
      398 words
  • RAW MATERIALS
    • Article
      Hongkong Comex
      158 2 THE SUGAR futures market yesterday continued Tuesday's quiet trend with no trades registered, dealers said. May closed at 7.74/77 US cents against Tuesday's 7.80/82 close, July at 8.19/21 against 8.23/26 and March unchanged at 9.40/42 cents. The day's spot sugar price eased 0.20 to 7.55 cents. Sugar futures
      158 words
    • Article
      Rice
      259 2 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0 96. 100 per cent second class 0.85, 100 per cent third class 0.80, 25 per cent new crop no stock. B-10 per cent 0.75. THAI BROKEN: A-super 0.62. Special
      259 words
    • Article
      RUBBER
      194 2 OPENING prices in Singapore yesterday were marked down slightly and the market lost further ground on profit-taking and lack of support. Some short-covering emerged at the lows to check the decline. The morning session closed slightly lower with May One RSS buyers quoted at 278.25 cents per kilo, off
      194 words
    • Article
      RAS PRICES
      371 2 R A S prices In cents per kilo yesterday: Nooa (per kilo) Buyers Sellers Int. 1 R.S.S. prompt (.o.b. 283.50 284.50S Int. 1 R.S.S. May 278 50 279.00 Int. 1 R.S.S. June 274.50 275.00 Int. 2 R.S.S. 270.50 271 50N UK Cant 269.50 270 50N Int. 3 R.S.S.
      371 words
    • Article
      SSR and SMR
      117 2 NOON SSR and SMR pr> RAS SSR 20 H um pallet SSR SO II tan pallet MRELB caa vetterday ICn Bny« ***** ***** TNI Mtfe) tra Men 270 00N 287 OON (Par iw 288.00 385.00 270 OON 287 00N SMRCV SMR 6L SMR C.P SMR S SMR
      117 words
    • Article
      Straits tin
      57 2 THE STRAITB tin price hi Penang yesterday remained unchanged at M 51,945 a picnl. The market did net follow the weaker Leudeu tread ea Tuesday with values heldlag steady amid strung leeal buying and light Japanese Interest. Turaever Increased slightly te IC4 tennes from 145 tonnes ea Tuesday
      57 words
    • Article
      Closing prices
      29 2 Rubber: April 18 Singapore: May: 279.50 cents (down 1.50 cents) Malaysia: May: 283.25 cents (down 1.25 cents) Tin: $1,945 (unchanged) Official offering: 164 tonnes (up 19 tonnes)
      29 words
    • Article
      Wheat
      169 2 WHEAT futures closed higher with prices up s'/4 to l'/« US cents a bushel in Chicago on Tuesday. Traders said commissionhouse technical buying was the feature in the market until prices hit stops, further accelerating the rally. They said some hedge selling was noted. Nearby months went through some
      169 words
    • Article
      LONDON MARKETS
      552 2 OILSEEDS: Brokers reported mostly steadier oils and oilseeds markets yesterday morning although actual buying remained thin. Soybeans and oil were firmly held following Tuesday's closing strength in Chicago and possibilities of further gains on hard news of delayed sailings from Brazil and renewed talk of switching into US
      552 words
    • Article
      Textiles
      193 2 YARN and cotton prices were quoted as follows in Hongkong yesterday: (la HK dollars, spot ex-godown) Cettsn yan: China Blue PhwaU Si 2JOO. Si 2.W0 40s 3.005 (per bale at 000 Urn). PWm gee*: China Butterfly ami Globe brand uaq; Dragon Head unq; Five Lambs uaq; Flower and Butterfly
      193 words
    • Article
      Produce exchange
      291 2 MARKET sentiment was quiet and steady on the Singapore produce market yesterday. The copra and coconut oil sector continued to improve. All sectors were up by 11 yesterday. Support for the commodity came from market reports that overseas buyers were seeking bulk supplies for May to July shipments.
      291 words
    • Article
      Soybean
      80 2 CHICAGO soybean futures closed W/4 to 4'4 US cents a bushel higher in Tussdsy. Traders said old crop months gained support from the larger-than-expected export inspection figure released on Monday, adding that the old crop interest spilled over to new crop positions. Short-covering was also evident in nearbys both
      80 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      95 2 At last, reach the big spenders Leisure Times is right on target For as little as $15, you can reach the swankiest, the best dressed, the most affluent crowd in town with Leisure Times. As a regular Saturday feature of Business Times. Leisure Times reaches 29.000 people in Singapore's top
      95 words
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  • REGIONAL
    • Article, Illustration
      Lock icon Kukrit's party expected to win the most seats
      378 3 AP UNOFFICIAL polls compiled by local newspapers and major political parties indicated that the Social Actions Party (SAP) headed by former Prime Minister Kukrit Pramoj is expected to win the most seats in the forthcoming national elections, scheduled for this Sunday. According
      AP  -  378 words
    • Article
      Lock icon Pakistan industrial investment plan
      135 3 Reuter PAKISTAN has set a target of 39.5 billion rupees (about Ssll billion) for industrial investment over the next five years. The Islamabad government, in a published industrial investment schedule, said it hopes to sanction projects worth 31.84 billion rupees to provide increased capacity and 7.67
      Reuter  -  135 words
    • Article, Illustration
      DRILLING OF 29 WELLS BY ESSO
      287 3 ESSO Production Malaysia Inc. is to carry out an oil exploration programme on behalf of Petronas at a cost of 5130 million this year, A statement issued early this week by Esso said that three drillships will be used to drill 29 wells off
      287 words
    • Article
      JAPANESE WARN VIETNAM OF AID CUT-OFF
      148 3 JAPAN has waived Vietnam that ft chM net expect to get 14 UlttM yea (aboat 147 million) aid (ram Tokyo if It became* a Saviet military haae. The newspaper Y«nlarl Shim ban said the waralag was Issued last week la a seeret meeting hetweea
      148 words
    • Article
      Lock icon Chinese nuclear equipment up for export
      286 3 AFP AFTER AIRCRAFT, trains and ships, Chinese nuclear equipment products have now come on sale at the current Canton Fair. For the first time in the fair's history, products of China Nuclear Equipment Corporation have been put on show at the fair which opened
      AFP  -  286 words
    • Article
      Lock icon Striking at Australia's earnings
      350 3 UPI A STRIKE by coal loaders is slashing Australia's export earnings dramatically and threatening the jobs of more than 2,000 workers. The Bureau of Statistics' figures showed that in February alone, the dispute sliced A 569.3 million (SSI66 million) from export earnings. Mine operators said more
      UPI  -  350 words
    • Article
      Lock icon KL sets four AEU officials free
      232 3 AFP THE Malaysian government yesterday released four of the 13 detained officials of the Airlines Employees Union (AEU) which has already been deregistered. Minister of Home Affairs Tan Sri Ghazali Shafie, who announced the release at an urgently summoned press conference in Kuala Lumpur
      AFP  -  232 words
    • Article
      Lock icon Garuda fare increase
      55 3 Reuter THE Indonesian national flag carrier, Garuda Indonesian Airways, will increase its international fares by 7 per cent effective from May 1, a company spokesman said yesterday. The increase would be in line with a decision announced at the International Air Transport Association (lata) conference in Geneva
      Reuter  -  55 words
    • Article
      Lock icon Jakarta will stick to Opec prices
      280 3 AP Reuter AN INDONESIAN official said on Tuesday his nation will "adhere to the decision of the Opec countries" in setting crude oil prices but added, "We cannot push the prices so high that it will create problems for other countries." Minister of State
      AP; Reuter  -  280 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      677 3 ARRIVALS Service Local Operator Number Tine From 1 GIA GA896 1245 AMS ROM KHI THAI TG413 1310 BKK MAS MH651 1330 (KBR)PENKUL SIA SQ61 1340 BKK SLA SQ117 1345 KUL SIA SQ93 1355 BRU/DXB GIA GASOO 1400 HLP SIA SQ455 1340 BWN CAL CI009 1415 TPE/HKG GIA
      677 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      24 3 Superb Northern Indian, Kashmiri and Moglai cuisine for the discriminating gourmet. Iht m,'\t distinguished Indian Restaurant in tht 'rid J talker Cmivt Tel: 1f)/$l)S
      24 words
    • Advertisement
      Page 3 Advertisements Column 2
      163 3 ¥>u9 lifce the best holiday value round Europe. Who cares? Wfecare. British Airways US$4B2 for a minimum These prices are Sovereign Holidays to of 28 days with inclusive of air fare* and Britain, Spain, Majorca, unlimited mileage. are per person for twinPortugal, Greece and Alternatively, we'll bedded accommodation the Canaries
      163 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      661 3 TWO-IB-CRYPTIC PUZZLE ACROSS 3 The question before one? (5) 8 Start jumping, then have a rest, girl (5) 10 Country politician? (5) 11 Man of tomorrow (3) 12 Three in April, possibly (5) 13 Go-between (4-3) 15 Inspiring facial features (5) 18 Quiet bit of clowning (3) 19 It's true
      661 words
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      149 4 COMPANIA CHI LENA DE NAVEGACION INTEROGEANICA S.A. m &Jsl Introducing a direct Shipping Service to CHILE and West Coast countries of South America SINGAPORE PERU BOLIVIA CHILE Chilean National Shipping Line (C.C.N.1.) inaugurates a new direct service to Chile, Peru and Bolivia with the departure on 10th April 1979 from
      149 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      209 5 Congratulations Best Wishes to COMPANIA CHILENA DE NAVEGACION and their Singapore Agent EVERETT STEAMSHIP CORPORATION, S/A on the occasion of the inauguration of their new direct service to CHILE ANG SOON HOE CO. PTE. LTD. SHIPPING CONTRACTORS ANG SOON HOE DIRECTOR UNIT 929,9 th Floor International Plaza No. 11. Anson
      209 words
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      Page 5 Advertisements Column 2
      208 5 Congratulations Best Wishes to COMPANIA CHILENA DE LVi W:\HliT: INTEROCEANICA S.A. and their Singapore Agent Ti»TTT CORPORATION S/A on the occasion of the inauguration of their new direct service to CHILE from Panachand Co. Pte. Ltd. 4* Market Street, Singapore 1. Tel: ***** (3 lines) Telex: RS ***** Importer A
      208 words
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      Page 5 Advertisements Column 3
      281 5 Congratulations Best Wishes to COMPANIA CHILENA DE NAVEGACION INTEROCEANICA S.A. V and their Singapore Agent EVERETT STEAMSHIP CORPORATION, S/A on the occasion of the inauguration of their new direct service to CHILE ANGLO-NORSE COMPANY (PTE) LTD. (INCORPORATED IN THE REPUBLIC OF SINGAPORE) SHIPCHANDLEBS ROUND-THE-CLOCK SERVICE TO VARIOUS NATIONALITY SHIPS Victualler
      281 words
    • Advertisement
      Page 5 Advertisements Column 4
      179 5 Congratulations Best Wishes to COMPANIA CHILENA DE iniiuH and their Singapore Agent EVERETT STEAMSHIP CORPORATION S/A on the occasion of the inauguration of their new direct service to CHILE from NG TRANSPORT TOURIST SERVICE 0-S/04, total Bey*l -ft. Newt* Um4, StaoMn 11. TBI: SSMM, SMWIB, W8li», U4411 ext. 1U CftMe:
      179 words
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      Page 5 Advertisements Column 5
      135 5 Congra tula tions Best Wishes to COMPANIA CHILENA DE LLmiwr'l. INTEROCEANICA S.A. and their Singapore Agent EVERETT STEAMSHIP CORPORATIONS/A on the occasion of the inauguration of their new direct service to CHILE from CALEB BRETT (SMGAPORE) PTE. LTD. St KaeUag M, Congratulations Best Wishes to COMPANIA. CHILENA DE II J
      135 words
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  • Article
    Feeling small when nobody takes notice
    490 6 THE GENERAL manager of United Industrial Corporation, UIC, has added a further innovation to the oft-advocated idea of a bank for struggling small manufacturers, a bank which will be less timid in its lending decisions and one which will combine good commercial sense with
    490 words
  • Article
    Red faces among the exporters
    283 6 IT IS A sad situation indeed, when everyone recognises what is a good or necessary idea, but will not do anything about it because one is too "busy" or because the project requires some prolonged academic feasibility study. Nearly all local traders and exporters recognise
    283 words
  • Article, Illustration
    Lock icon Airbus — no pipedream
    723 6  - Airbus no pipedream By JACK GEE FT THE Airbus, whose order book reads like a roll-call of the world's leading airlines with new clients signing up almost every week, now seems set to become the most successful airliner ever built in Europe. France, West Germany, Britain and Holland are partners
    FT  -  723 words
  • Article
    Lock icon North Sea nightmare
    786 6  -  The US$22 million oil platform which sank in tha North Sea highlights tha problems faced by oil companiea but until tha world atopa needing oil in auch vaat quantitiea, the riaka will have to be taken. MARGIE LINDSAY reporta. MARGIE LINDSAY FT TRYING to cope with offshore
    FT  -  786 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      193 6 Where to wine, dine and entertain... if For sushi. For teppanvaki. For other authentically Japanese delights. hor reservations call '17 c )()7, t'lilun l*iirk J W 'h I lii'J l| K >11' Singapore's celebrity i •^ntrr^j A! lon BvV Where things r e Stirling ewa T.n t lon Bar Grou<Xj
      193 words
    • Advertisement
      Page 6 Advertisements Column 2
      73 6 Let DANNY KOH. our award-winning resident pianist and the TWO CHORDS entertain you as you relax in the rugged and adventurous atmosphere oi African safari of the Treetops Bar. Enjoy any two drinks during the HAPPIER HOURS (4.00 7.00 pm) daily with Adil, Adam and Ben and have the 3rd
      73 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      58 6 BriStcW:Ra^l)ickM COKTINUmG THt P\WD Tff\ftULBTONS Of ft SAteS GER lOMO Hf\9> LOST UIS DCiViNO Licence TM£ocoh "tue oerooN P*JD roRCJEJD To se€.VC Bnl P\ltcß*P>T|V£ DOORtopin— rve P*» wpfwrnrveNT TO S€£_ me. HOCOeLL... mold oh to Tims sicvcue. foR p* momfejMT sir— uould nou nice mg. t& ljruc TUP WD DOu*4
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      764 6 TiVi&fßn'DTO Kid's show on prime time WONDEB ("45pm, rkttirl 5) gtoally eatertelatog TV fngnmrnrm rsr the M* ud tke Mk> ksart, Weader Whom Mm te MlkpMkjri adeattst (gaest iter Jum UU) *W preteads to be u MM la crier to steal a "imM wWhi* salary, dries, klsteadalrs, darlsg pi»k vlewtsg
      764 words
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  • Article, Illustration
    Toyko pawnshop revival
    1117 7  -  Japan's pawnbrokers have embarked on a multi-million yen advertising campaign to improve their image, long tarnished by accusations of unscrupulousness and loan sharking. With "invisible privileges" such as lower interest rates, reasonable collateral and flexible business hours, Japanese pawnbrokers hope to give their competitors a ..run for
    1,117 words
  • Article, Illustration
    STRAWS IN THE WIND
    514 7 THERE is an excellent example of both the brash,ness and the propensity to exaggerate of Australians in the sign (right) posted at tlie Lone Pine Sanctuary nature reserve just outside Brisbane in Queensland. In this case the tendencies are in a very good cause so we
    514 words
  • Article
    Hunting for a capital solution to local disputes
    599 7  -  By ISA ISMAIL INDONESIA'S modernistic and spacious parliament building seems increasingly a magnet these days for a stream of shabbily dressed people carrying dogeared folders and seeking redress for grievances. For many of them it is their first visit to the capital,
    599 words
  • Article
    An economy that shows strength amid the shocks
    754 7  -  (FORUM, with Leonard Silk WHAT has happened to the business outlook as a result of the series of shocks and surprises that have hit the economy since the start of the year? Those shocks have included the rapid run-up in oil prices
    754 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      231 7 Where to wine, dine and entertain... |J? c y I II'( l( )'S 1.1 wci in< >\ SUM-BOARD s i \i >ur«>\\n oiiniwi c n.iu.hi \(mi.iith< sh i« lx vin 11 II llii u, mi i wh,n < ti i .it 11 \< > n i \< > 11 iSS
      231 words
    • Advertisement
      Page 7 Advertisements Column 2
      46 7 Enjoy an exciting evening at THE NEW LOOK N HOTEL TAI-PAN Xjf <X)CKTAJL LOUNGE 41 Vi Mixed drinks our Speciality Weekdays Sundays 11 am. 11.30 p.m. Saturdays 11 a.m. 1 am. HAPPY HOURS 3PM 7PM 20' o discount HOTEL TAI-PAN 101. Victoria Street Singapore Telephone. *****1
      46 words
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  • INTERNATIONAL STOCK
    • Article
      Lock icon Institutions still stay on the sidelines
      671 8 rTOKYO Source: DBS-Daiwa INSTITUTIONAL investors continued to remain on the sidelines owing to the sharp increase in outstanding margin dtebt on the three major markets and the clouded economic FUuation. i -je However, short-term traders and individual investors were heavy buyers of incentivebacked speculative
      Source: DBS-Daiwa  -  671 words
    • Article
      Bangkok
      233 8 t- -.j IAPR 18 Bah Us "°AS»ia IYmIiI 294 -6 Arfhi Fibre 213 -8 """Ayulhaya Inv. And Tru.sl 144 -10 IkiiiKkok Investment 296 -2 v. Bangkok Bank 352 -4 Bangkok Drying And Silo Bangkok Insurance Bangkok Metropolitan Ban 618 12 Bangkok Nylon Bank Of Asia r~ J Bank O/
      233 words
    • Article
      JO'BURG
      309 8 APR 17 Rand INDUSTRIALS •A Alpha 155 .2 Abercom 217 -8 AE And CI 425 -10 AM 11* 1450 -25 Barlows 530 -7 Cg Sugar 600 unch CNA 215 unch Currie Finance 103 unch De Beers Ind 1480B unch Edcon 375 -5 Edgars 4400S Eve ready 287 Fed Vol*
      309 words
    • Article
      Sydney
      123 8 THE market closed weaker yesterday oo uncertainty over government interest rate policy, little support for Australian shares in London and a (all in some commodity prices, dealers said. BHP fell 20 cents to $9.76 while banks lost ground with Bank of NSW down three cents to 13.38 and the
      123 words
    • Article
      Hongkong
      345 8 STOCK prices closed firmer on selective speculative buying in quiet trading yesterday, dealers said. The Hang Seng index rase 4.29 points to 538-58. Turnover was thin, dealers said. Hongkong and China Gas closed unchanged at HK89.80 following its announcement of a 20-cent first interim dividend compared with 19 cents
      345 words
    • Article
      Manila
      99 8 APR 18 Pesos Acoje Mining 0088 -***** Atlas Con. A Atlas Con. B. 25.25 -0 25 Buguio Gold .0108 unch Benguet Con. B »00 1 BK Goodr 1cti COCP 23.00 23.00 -0.2 unch Inco B Landoll Lepanto B. 28 -0.006 Marinduque B 9 JO 0.1 Mpralco 22.80 0.7 Oriental
      99 words
    • Article
      Selected indices
      61 8 FINANCIAL TIMES INDUSTRIALS Tuesday 538.9 Monday closed Week Ago 535.7 DOW JONES AVERAGE INDU8TRIAL8 Tuesday 857.83 Monday 880.45 Week ago 878.73 LONDON DOLLAR PREMIUM Tuesday 52 v. to S3 w Monday closed HJLHANG 8ENG Wednesday 530.58 Tuesday 536.29 Week ago 538.07 SYDNEY INDUSTRIALS Wednesday 477.44 Tuesday 481.80 Week
      61 words
    • Article
      Dow Jones down 2.5 points
      1255 8 NEW YORK STOCKS moved lower (or the fourth straight session in moderately active trading on Tuesday as news of strong March housing starts added to concerns about Interest rates The market dropped sharply on Monday on concern that the Federal Open Market Committee might tighten
      1,255 words
    • Article
      TORONTO
      196 8 APR 17 CS AblUM 17'; .i, Alran 41 unci) Algoma Bank Mont M-. unch Bank Nova Scotia S>. Bell Tel «7 Belli Corp BP Can Ltd ZZ a>. Braacan as unch Camp Red Lake Can Imp Bk 27'. .ij Canpac unch Canpac In* Pf M'.B unch Carltnf O'Keefe su
      196 words
    • EUROPEAN MARKETS
      • Article
        Zurich
        190 8 APR IT Francs Action* Suisses Alusuisse Br. Alusuisse Rf| 301 1470 585 unch 9 Brown Boverl Br. l«#5 unch Clba Octfy Br. Clba Oeify PC 1286 1010 10 Clba Ongy Ref. Credit Suisse Br Credit Suisse R*f 710 unch 2330 42* unch -t Elektrowatt Br. 3045 15 Georgr Kuchrr
        190 words
      • Article
        Paris
        281 8 apr n Kr» CORBEILLE Air-Liqutd* 388 -11 B S N CrrvuM Danone 507 14 C 8 K i Thomson C'*f) 382 >43 IV t ninciii* dn Pftroln 162.50 0.7 Compafntr Financier* CMMnk Oner-ale 303 •4 t'rrdil Konner L>r Krunce 428 30 •13 Harhrtle i l.ibr.urir i 247 -0 M.u
        281 words
      • Article
        Amsterdam
        190 8 APR 17 KU ABK JWOO A Mold 117.40 -OR 1 ,1 eh •h t ArnJa* U600 urn Am rot Bank 73J0 -0 1 Brr«a» SSSO Brrk 88 00 uik Bote 74JO »l. Bormimij 170.00 -04 Burtinunn 88 JO -U Uvrnkurf 8340x0 C'al«" llrlft 178.00 -42 Deli Mlj 124 TO
        190 words
      • Article
        Frankfurt
        206 8 APR 11 Dm Acf-Trlrtunkrn All* Lrbrn AlU Vm «3J0 TITO MO 00 465 00 -08 J unch BASK Bay H T Wbank Bay Vbank Buyrr BBC BMW Z iSS 27S-00 140 JO moo xm to 02 unch ♦as -IT ♦0.1 Ca»a»lla C'lwm Vrrm 373-00 388.006 -0J Commrrzbun* Conll Oummi
        206 words
      • Article
        Brussels
        93 8 APR 1? Fr» FORWARD MARKET Acrc 432 .J Arbrd 2475 10 Atlur 636 •18 Brajrtn 624 -10 Bru*Uinb 1770 10 Canpac 774 2 Cock 489 .8 Dt Been 212 -3 Ebc* HOC -If Elccirobcl MOO unci) OB-lnno-Bm mo •25 cim 1304 2 HoDok 3175 -45 Prlro 4270 46 Ryl
        93 words
      • Article
        Milan
        87 8 AnuAuoc Om J4 -IJ <04)0 -ao L'rnlralr «20 -1XJ 4400 -JO Hal KlniXer 555! 2702 -a 1M -2 Gen Itnmob #5 -ITS Ft Pn 2100 10 ulrrmrnti uilcan laoo -osc 735 -1 uilmdrr 103 *2) 943 2BS *0 33*90 -M0 Mondadori MonMai Motiu Bio ***** -310 1001 -a 170.29
        87 words
  • OVERSEAS
    • Article
      Lock icon Fed chief to resist raising of bank rates
      633 8 AP NYT THE HEAD of the US Federal Reserve Board has said he will not give in to pressures from the Carter Administration to raise interest rates further because he fears the move could lead to a serious recession. Board chairman William
      AP; NYT  -  633 words
    • Article
      Lock icon Shell is first to close oil deal with Iran
      278 8 Reuter THE ROYAL Dutch/Shell Oil has become the first major Western company to sign a long-term crude oil supply contract with the new Iranian revolutionary government, a spokesman said in London. The spokesman said the contract was (or 235,000 barrels a
      Reuter  -  278 words
    • Article
      Lock icon Strike threat by US rubber workers
      120 8 AFP THREE leading American tyre manufacturers Uniroyal, Goodrich and Goodyear risk paralysis through a strike if agreement with the United Rubber Workers is not reached by today. The president of the union said that the agreement affecting 55,000 workers in this sector of industry
      AFP  -  120 words
    • Article
      Lock icon NO IMPACT ON EGYPT
      84 8 Reuter EGYPTIAN Oil Minister Ahmed Ezzedin Hilal said a decision by the Organisation of Arab Petroleum Exporting Countries (Oapec) to ban sales of its oil to Egypt and to suspend it from Oapec was "illegal and will have no impact on Egypt." Commenting on the decision
      Reuter  -  84 words
    • WORLD IN BRIEF
      • Article
        Lock icon BACK TO MORE BASICS
        536 8 Agencies LEADING US scientists said the United States should spend more on basic research or It would suffer heavily in economic competition with other nations. "There are clear indications that some things have gone wrong," Mr David Saxon, president of the University of California, said. The
        Agencies  -  536 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      134 8 m i i l ■WhyWOOD'79I 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
      134 words
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  • BANKING AND FINANCE
    • Article
      Trading on banks' services
      657 9 THE two principal services provided by commercial banks for their export customers are concerned mainly with the machinery through which payment is received for exports, and also with the provision of finance either before or after shipment. According to Mr Ang Lian Seng, manager of Chartered
      657 words
    • Article
      Lock icon Queensland raises US$52m for plants
      349 9 Reuter THE Queensland government raised U5552.5 million in a syndicated bank loan lead-managed by the National Westminister Bank Ltd, State Under-treasurer Leo Hielscher said. The loan is in two tranches, one of $43.2 million with a 15-year term and the other of $9.3 million for
      Reuter  -  349 words
    • Article
      Ringgit, yen direct deal plan
      107 9 DIRECT foreign exchange transactions between the ringgit and the yen would provide an added thrust to the expansion of trade between Japan and Malaysia, Mr. Seizo Mizukuchi, general manager of Bank of Tokyo's Kuala Lumpur branch, said. But the development of direct dealing would itself
      107 words
    • Article
      Lock icon S. Montagu leads gold bidding
      274 9 Reuter BIDDING began at the US Treasury gold sale with Samuel Montagu Metals of New York city seeking 50,000 ounces of high grade gold from U*****.50 to $231 an ounce, the General Services Administration said. Bank Leu Ltd, New York, bid for 19,600 ounces of
      Reuter  -  274 words
    • Article, Illustration
      Teheran updating loan payments
      151 9 IRANIAN authorities are "rapidly bringing interest and principal payments up to date" on their outstanding debt to Chase Manhattan Corp, president Willard Butcher told the annual meeting. He said evidence to date indicates that Iran "fully intends to meet its obligations, as expected." Mr. Butcher said
      151 words
    • Article
      Carter restricts advisers
      69 9 PRESIDENT Carter has told Ms economic advisers to step their quasi pa bile «plgw fer tighter meaetary pellcy, admaistratien seorees said. Bat the searees, various admlajstrattea aides, said it is set elear whether Mr. Carter's aettoa represents a definite declstoa en fatare eceoemic policy. The searees said
      69 words
    • Article
      Lock icon WHOLESALE ARENA IS BANKERS THRUST
      1085 9 NYT THE chairman of the Bankers Trust Co., Alfred Brittain m recently met the treasurer of a multinational corporation, hoping to snare at least a small piece of the company's banking business. He was surprised to learn his bank already had a substantial piece. The
      NYT  -  1,085 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        504 9 THE US dollar lost almost 100 points against the yen on the foreign exchange market yesterday as a result of the noon announcement of a Japanese trade surplus. The dollar also weakened against other major currencies Against the yen, the dollar opened at 217.50/60 and was traded down
        504 words
      • Article
        Asian $ rates
        139 9 Asian rates ASIAN currency deposit Interbank rates as at close on April 18: 7 days 1 months 2 months 3 months 6 months B months 12 months U8 DoUanlSaol) Off.r BU 10 7/16 109/16 9 13/16 011/16 109/16 10 3/16 10H 10 S 10 11/16 109/16 10H 10W 10H 20'
        139 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
        Discount
        7 9 n Source: National Discount Co Ltd
        7 words
      • Article
        Australia/NZ
        62 9 QUOTES on the Australia and New Zealand exchanges on April 18: AUSTRALIA: US dollar 1.1071/11(03 Sterling 0 5330/0.53W Ninety-day airmail buying rate*: Sterling 0 5528 US dollar 1.1455 Ninety-day forward buying rates: Sterling 0 5382 US dollar 1.1141 NEW ZEALAND: Reserve Bank midrate US$l.O4BB Trading Bank Indication Sterling 0.50C/OJOIS
        62 words
      • Article
        Gold
        334 9 SINGAPORE gold futures yesterday closed generally firmer against Tuesday nigfat's closings in fairly active trading, dealers said. Opening quotations were marked up around US$l in most positions reflecting the metal's overnight strength in New York. The market thereafter held steady during the morning's trading before firming about $1 in
        334 words
      • Article
        Hongkong
        193 9 THE HONGKONG dollar yesterday was quoted at a late 5.1960/2050 against the US unit, sharply above the day's lows and up from Tuesday's 5.2300 close here in very thin nervous trading, dealers said. After opening at 5.2470/ 520, the local dollar plummeted to a mid-morning low of 5.2960/3050 before
        193 words
      • Article
        Treasury bill tender
        42 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $15 million 91-day Treasury bills to be issued from April 23 to 27. Each tender must not be for less than $250,000.
        42 words
      • Article
        London
        202 9 THE DOLLAR yesterday weaker after the easier trend in US and Far East markets while sterling opened steady against the dollar on overnight letfeis but eased in moderately active early trading, dealers said. After opening ■at U552.0652/62, against 2.0849/ 54 overnight, sterling eased sharply to the 2.088ft/25 level. No
        202 words
      • Article
        Tokyo
        99 9 THE US dollar for overnight delivery yesterday closed easier at 217.60 yen, compared with a 218.00 yen opening and 217.90 at Tuesday's close. After opening firmer than Tuesday's closing level, the dollar eased following small central bank dollar-selling intervention, dealers said. Japanese banks which built up net oversold dollar
        99 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      212 9 s When you tm n an aristocratic car, you must treat her in style. The Cyde CarriageYVorkshop, for the aristocrat amongst cars. You are driving the aristocrat amongst cars. Naturally, you treat that car in style. The Cycle Carriage Workshop technicians are all individually trained to look after your Mercedes-Benz.
      212 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      Singapore
      1550 10 ■JSIL) and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the Jiumber of shares traded shown In brackets in lots of 1.000 units Jiniess otherwise specified. 0 All Time Settlement Contracts are quoted after the word «sel." ti Big Board
      1,550 words
    • Article
      Government bonds
      133 10 4 M'i c A 1/8/80 (250.000) (***** 99.478) 4 3/4"} 15/9/80 (250.000) (99 628 99 70S) 5 1/4** 1/3/81 (250.000) (100.168 100.255) s'* 15/4/81 (250.000) (***** 99 70S) 51TF 1/5/83 (250.000) (100.108 100.206) 5 3/4 "X T F 15/8/81-84 (250.000) (101 70S) sr/t5 r /t 13/11/84 (250.000) (100.008
      133 words
    • Article
      Stock options
      96 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday, the period, bids and offered prices and business done, if any, with the number of options traded shown in brackets. CaM Storage (June $2.00) (0.408 0.525). C A C (June $2.60) (0.628 0.725). Haw
      96 words
  • Article
    Unit trusts
    156 10 SINGAPORE UNIT 1SIST (Mmmgets' prtam tar Apr 11) The Commerce 2.27 2.41 The Saving Fund I X 144 S pore Prog Fund 1.00 1.06 S pore Sec Fund 1.86 1J7 S pore Invest Fund 1.32 1.40 S pore Equity Fund 1.00 1.06 INCOME BOND UNIT (Carrest prises) Income
    156 words
  • Article
    SHARE INFORMATION SERVICE
    2583 10 Htcl I Uw Company Last Sal* or Div Div YTd P/B CVr Vol Day (•000) Hick Low fTV* SECTION ONE INDUSTRIALS '253 207 Acma 123* Aicom 142 110 Allied Choc 180 150 B A T 265 265 Bata 744 60 Ben 276 185 Berjaya Kawat 324 226
    2,583 words
  • Article
    In Kuala Lumpur
    1587 10 BID and offer price* 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 INDUBTBIAUJ tnu (3.258) Afnn»u (2.918 3.SOS) call Akaa (1.85B) Ales BaM (1
    1,587 words
  • Article, Illustration
    Buyers on SES still hesitant
    736 10 BUYING Interest coatlnaed ta taper aff an the Stack Exchange af Slngapare yesterday, thoagh the market was balding aa well. "The market may mave sideways ar continue ta dip far the next few days as light praflt-taklng is still evident. If this seesaw performance persists,
    736 words
  • Article
    KLSE shares close easier
    563 10 SHARE prices were traded to an easier close on the Kuala Lumpur stock market yesterday. Trading was generally hesitant reflecting caution among market operators. There were attempts to hold prices at overnight levels but this failed because of the lack of support. The generally weak undertone
    563 words
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  • COMPANY NEWS
    • Article, Illustration
      UMW's results are a prelude to better times
      712 11  -  By STEVEN TAN CONFIRMING a brightening trend heralded at mid-term, United Motor Works has turned in a group pre-tax profit of $3,775 million for the year ended Dec. 31,1978, against $3,006 million previously. With a sales increase of only 9.1 per cent
      712 words
    • Article, Illustration
      Roxy's pleasant surprise
      467 11 ROXY Electric Industries (M) has reported a much better set of results than anticipated for its financial year ended last Sept. 30, thanks principally to a good second half. The company had expected at the interim stage that profit for the year under review would merely equal
      467 words
    • Article
      DIVIDENDS ANNOUNCED
      398 11 Current Payment Ex Date Books Close Date Total for Total for Payable the year Previous year lioodwood H Msia Ming Court SeilioD M Breweries UOB UOF UOI DBS Riverview Bedford Austral Ent Talam Mines Cen Sugars Keck Seng Tractors M Cables Min Sec Gutkrie NST UOL G Ceramics
      398 words
    • Article
      SCRIP ISSUE
      236 11 Company Particulars Ex Date Books Close Keck Sm| Bonus Issue of 1 for 5 Apr 4 Apr 1? Dunlop Est Bonus Issue of 1 for 5 Apr 18 Apr 30 P. Products Bonus issue of 1 for 4 Apr 16 Apr 20 Ajlaomoto Bonus Issue of 1 for
      236 words
    • Article
      Lock icon Optimism over Yule Catto's profit
      228 11 FT CHAIRMAN of Yule Catto and Company, Lord Catto, says in his latest annual review that he has no reason to believe the current year's results will be any less satisfactory than those for 1977-78. As reported earlier, against expectations, taxable profits for the year
      FT  -  228 words
    • Article, Illustration
      Dunlop share prices quite reasonable
      641 11 STOCKBROKERS Laurence Prust and Company has rated the share prices of Dunlop Malaysian Industries as fairly reasonable and that of Highlands and Lowlands as relatively unattractive in its latest weekly bulletin. It also describes OverseaChinese Banking Corporation as a "solid means" of investing long-term in
      641 words
    • Article
      Ajinomoto confident of good growth
      382 11 WHILE increases in the price of fuel and materials are foreseen for the coming year, Ajinomoto (M) can be expected to take these in its stride. In his latest annual report to shareholders, Chairman Tunku Tan Sri Mohamad bin Tunku Besar Burhanuddin says that while
      382 words
    • Article
      Lock icon MAN TO WATCH
      399 11 saaacL^ by HOCK LOCK SIEW MARKET APPRAISAL OP the leas Ifnui beaeflt to Ceatral Sagars ef aa iacreaatax •tahe la Paa Malaysia Cemeat htages«[ tar eemeat la Malaysia aad That PMC will eveataally ead ap aader the eaatral ef Ceatral Bagars Is a taregaae eeaelaslea, halstered evea
      by HOCK LOCK SIEW  -  399 words
    • Article
      SINGAPORE LAND
      103 11 an- nounced that it had contracted to sell its Shelford Road property for a consideration of 33.6 million in cash. It said no director or officer of the company has any personal interest, direct or Indirect, in the sale. No details were given of the buyers of the
      103 words
    • Article
      HARIMAU Investments Ltd
      24 11 Group pre-tax profit for the year ended Dec 31, 1978 $2.48 million (1977: $1-74 million). Net profit $1.16 million ($1.34 million).
      24 words
    • Article
      UNITED Plantations
      49 11 which was queried by the KLSE on its preliminary results for the year ended Dec 31, 1978, says that the surplus arising on revaluation of bonus shares totalling $14 million would be transfered to capital reserves, and that the revaluation has been approved by the relevant authorities.
      49 words
    • Article
      UNITED Engineers Ltd
      42 11 has announced the appointment of Mr Gerald Montague Beale to its board of directors with effect from April 6. Mr Beale who has held top financial positions in England, France and North America is also the group financial director.
      42 words
    • Article
      TRENGGANU Development and Management Bhd
      41 11 has incorporated a wholly-owned subsidiary known as East Coast Trading Sdn Bhd on Mar 29. The company has a paid-up capital of $2, and its main objective is trading in oil palm products and other commodities.
      41 words
    • Article
      UNITED Asbestos Coment Bhd
      20 11 has announced the resignation of its director, Encik Malek Ali Mercian, with effect from April 10.
      20 words
    • Article
      BEN and Company
      18 11 has an- nounced the appointment of Mr D W Boyd to its board of directors.
      18 words
    • Article
      JACK Chin Enterprises (M) Bhd
      94 11 said it has formed a wholly-owned subsidiary known as MPH Bookstores Sdn Bhd with an authorised capital of Msloo,ooo divided into 100,000 shares of Msl each. The paid-up capital of the company is $2. MPH Bookstores has taken over the business of retailing books, magazines,
      94 words
    • Article
      BANDAR Raya Develop- ments
      100 11 which recently an- nounced the acquistion of 14,280,000 shaes in Permas Jaya Sdn Bhd is being* queried by the SES on the; basis upon which the pur-i chase consideration was fjf-| rived at. The exchange' wants to know the effects of the acquistion on the Qgt"
      100 words
    • Article
      ON various occasions, Ve- neer Products
      68 11 had informed the SES of its intended equity participation in Tanglin Studio Pte Ltd, which was developing a block of studio apartments at a URA site off Grange Road. On March 26, Tanglin Sudio informed Veneer that under the rules of the URA, it
      68 words
    • Article
      GUINNESS (M) Bhd
      33 11 has an- nounced the appointment of MR JRE Lawton as its chairman director in place of Mr C A Wood, who has retired as chairman and director from April 16.
      33 words
    • Article
      BANK of Tokyo Caracas Holdings NV
      36 11 US$3O million guaranteed floating rate notes due 1993: The rate of interest of the notes has been fixed at 11% per cent, payable on Oct 18 against coupon No. 2.
      36 words
  • Page 11 Advertisements
Page thumbnail Page 12
  • Article
    Lock icon Ohira dismisses need for trade adjustment
    776 12 UPI Reuter JAPANESE Prime Minister Masayoshi Ohira said yesterday Japan's trade policies are no worse than any other major economic power and described Japan's huge favourable balance of trade as an "aberration." Trade tensions between Japan and the United States are "unhealthy," he said,
    UPI; Reuter  -  776 words
  • Article
    Average child can learn 3 languages
    357 12 MULTILINGU ALISM should be encouraged and a person should be exposed to and taught as many languages as possible at a young age. This is not harmful to the child and it has been found from studies that an average child is able to
    357 words
  • Article
    Bilingual education is nothing new
    250 12 BILINGUAL education is not new but lacks comprehensive history and contemporary survey. Though international review on the secondary sector has been done, no review is done on childhood bilingual education. Two types of bilinguals may be distinguished the cultural and the social bilingual. The cultural
    250 words
  • Article
    LONDON STOCKS
    829 12 LONDON, Wed. Equities edged lower today while small selling was reported in government bonds, dealers said. At 3 pm, the Financial Times index was down 3.9 points at 535.0. Falls of over a point were noted in government bonds following a slight weakness in sterling. Jobbers were also
    829 words
  • Article
    Immerse the Canadian way
    316 12 CANADIANS carried out immersion classes as early as 1965 when a group of English-speaking parents felt that the level of French attained by their children in the traditional French as a second language (FSL) programme was not sufficient to meet their needs in the community and
    316 words
  • Article, Illustration
    SEA-LING THE WAGE PACT
    200 12 KAPAL MANAGEMENT yesterday Anally signed collective agreements with the Singapore Maritime Officers Union (SMOU) aad the Singapore Organisation of Seamen (80S), governing some tU officers aad ratings serving on its fleet of nine ships. The agreements provide for an average increase of abont 29 per cent
    200 words
  • Article
    Lock icon US fears further cuts in Saudi output
    301 12 Reuter US ENERGY Department officials have, expressed fears that Saudi Arabia may cut back production even further at a time when petrol and heating oil stocks are at seriously low levels In the United States. The Saudis pushed production to 9.5 million barrels
    Reuter  -  301 words
  • Article
    Lock icon Report on A-bomb test
    85 12 AFP PAKISTAN is preparing to test an atomic bomb and the United States had just reaftwed its offer to supply Pakistan with 50 Northrop F-5E Tiger fighter aircraft equipped with air-to-ground missiles as an inducement to stop the test. Indian newspapers in New Delhi reported on
    AFP  -  85 words
  • Article, Illustration
    Two stations ready for Changi Airport
    178 12 THE Telecommunication Authority of Singapore has completed a transmitting station at Wing Loong Road and a receiving station at Changi Hill as part of the communications network for the new Changi Airport. Construction cost was *1.2 million. More than $10 million worth of equipment
    178 words
  • Article
    Conference on banking and finance
    239 12 THE TWO-DAY conference on South-east Asian banking and finance, jointly organised by the Financial Times and Business Times, opens at the Shangri-La Hotel today. Minister for Foreign Affairs S. Rajaratnam will open the conference, which is chaired by Tun Tan Siew Sin, chairman of Si
    239 words
  • Article
    Lock icon Bewildering HK$
    144 12 Reuter THE embattled Hongkong dollar yesterday plunged to a six-year low on the foreign exchange market and then rocketed right back up again in a day's trading that left dealers bewildered and bemused. The morning brought gloom and despondency when the local currency fell to 5.30 against the
    Reuter  -  144 words
  • Article
    IMF GOLD BID FORMS
    74 12 THE International Monetary Fund has released the Invitation to Bid forms for the next monthly gold auction to be conducted on behalf of the trust fund on Wednesday, May 2, 1979. Copies of the Fund's "In- vitation to Bid", which sets out the terms and conditions
    74 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      322 12 SEE PAGE S 3* Graham Greene The Human Factor^ rrs 4 'Probably the best espionage novel ever written.' Richard H Grovm/d, UP/ 'A major literary event... a marvellous tale of spies and intrigue spun with intricate skill by a master story-teller. A must.' PLA YBOY 'As fine a novel as
      322 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      61 12 Outlook for Singapdre from 6 a.m. to noon today: Scattered showers in early morning Report ft le ftirptrt tor 24 prtor to IJ$ p.m. m April 18 at Maximum temperature 33.3 Associated humidity 61 Minimum temperature 25.0 Associated humidity 90 Hours of sunshine 8.20 Rainfall in millimetres Nil Total rainfall
      61 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Signal sells APL
        80 13 Reuter SIGNAL Cos. Inc and Natomas Co said they have agreed that Signal would exchange its 45 per cent interest in American President Lines Ltd for 16 per cent or 1.6 million of Natomas common shares. Natomas owns 54 per cent of the shipping concern's capital shares
        Reuter  -  80 words
      • Article
        Lock icon New links
        44 13 Reuter THE first direct shipping line between the East Malaysian state of Sabah and the Philippines will be opened formally next Wednesday, Philippines Trade Minister Troadio Quiazon Jr said yesterday. The line will be serviced by the Filipino AsianPacific Shipping Company. Reuter
        Reuter  -  44 words
      • Article
        Contract for BNOC
        62 13 THE BRITISH National Oil Corporation (BNOC) has been awarded a contract of up to 18 months to supervise an offshore drilling programme in Malaysia. The contract with Petronas Carigali, a subsidiary of Petronas, the National Oil Corporation of Malaysia, BNOC will provide technical and manpower services to
        62 words
      • Article
        Lock icon Cheaper passage
        40 13 Reuter MEMBERS of the India-Pakistan-Bangladesh conferences covering trade between Europe and India said they reduced to 15 per cent from 20 per cent the surcharge on all cargo loaded and discharged at Calcutta, with effect from April 9.
        Reuter  -  40 words
    • Article
      Esso tops up Sembawang with $10m
      465 13  -  By Rahim Kassim SEMBAWANG Shipyard which was left out by Exxon when it dished out repair contracts worth over $30 million to local yards, has been presented with a contract worth about $10 million to modify a tanker. The contract awarded by Esso Tankers
      465 words
    • Article, Illustration
      Dutch flagship's visit
      293 13 THE GUIDED missile frigate HNLMS Tromp and the combat supply ship HNLMS Poolster of the Royal Netherlands Navy will visit Singapore from April 23 to 26 and will be berthed at Sembawang Naval Base. The visit is part of a flagshowing voyage to West Asia, the Far
      293 words
    • Article
      Lock icon Aussie loaders vote to end strike
      173 13 Reuter STRIKING tradesmen's iMbtutß at the Sydaey aid Part Kembla eeal leaders veted to re tan to werk aext Mtaday, natoa officials said. The. three-week aid strike, feliewing m an earlier strike by maintenance tradesmea, had ceatribated to the elesare sf the eaal leaders
      Reuter  -  173 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      3406 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
      3,406 words
    • Article
      The Consortia
      133 17 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. •K' Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Nedlloyd Lines Neptune OrlentLlnes JASCOL(
      133 words
    • Article
      INDEX
      464 17 fHI||hg Lin Page Gal ACS n 5 Afea IV 3 Alpac IV 5 Angkutan IV 4 ANL i I APL m 2 Arya Nat n 5 Asia Merchant V 2 ASCL m 5 Aust.Cont IV 5 Bank n 5 Batam IV 3 BBS n 2 Ben Asia m 3
      464 words
    • Article
      Container Schedules
      918 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (l) Each vessel's estimated time of arrival Is advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the
      918 words
    • Article
      Untitled
      839 18 lne 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— InterraodaJ. Algerian National Line (CNAN) —Unipaciflc. Alpac Line—lntrasea. Anhsing Line— Strongwill. Angkutan Pertambagan— Eastern Way. Angkutan—Straits Shipping APL(
      839 words
    • Article
      Brighter outlook for shippers
      597 18 FAR EAST FREIGHT FREIGHT rates are steady. Saudi Arabls cargo discharged during past few weeks shows an approximate daily average of 75,000 tonnes at Jeddafa and 40,000 tonnes at Damman. Scrap prices are steady with Taiwan and Korea yards being nearly full. Prices are expected to
      597 words
    • Article
      Lock icon Market comes alive again
      299 18 AFP THE freight market came back to life last week thanks to a late flurry of clearing up operations prior to the Easter holidays. As a result, rates were steady to firm in the West but in the East, where business remained rather slow, the tone
      AFP  -  299 words
    • Article, Illustration
      SHIPS IN PORT
      441 18 EXPECTED AItiVAU TODAY KEPPEL WHARVES Chidambaram (Passenger) (0700 after Dona Montserrat) 1/2 Firiza (after Golden Horse) 44 Golden Source (after Temburong subject free board) 22f lason (after Phrontis) 31/32 Iberia Maru (after Amagi Mam sails A Ross Sea hauls) 8/9 Kawana (ro/ro) (after Nedlloyd Fushiml) 3/4 Kota
      441 words
    • Article
      Lock icon London freight market
      272 18 UPI ACTIVE time-chartering sustained the strength of markets in the Western Hemisphere where sustained tonnage demand has kept rates on a firm tack for several weeks. European liner demand produced further bookings such as the payment of U555,200 ($11,960) per day by CAVN to the 15,290 dwt
      UPI  -  272 words
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      232 13 TANK CLEANING Whether you are sending it to the DOCKYARD for repairs, the SCRAPYARD for scrapping or making a CONVERSION consult: PIRAEUS MARINE SINGAPORE PTE LTD J\K DIM I \H Orient Overseas e FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) FULLY CONTAMERISED TO/FROM US NEST/EAST COASTS. PNW (STRAITS CARGO VIA
      232 words
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      259 13 SEALORD LU ANTAH H UASC All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. "ARABIAN GULF WEEKLY SERVICE" Vessel S pore Loading for M. MYYAH In Port Dammam (2/5). Doha (4/5). Kuwait (7/5). Shuaiba (11/5). Dubai (16/5) BN M. ROOM 29/4 Kuwait (11/5). Dammam (17/5).
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      322 13 ■NOL NEPTUNE ORIENT UNES LTD S pare P Manf F stoot Ham R"<Mt* H tmr| N PtWill C RO2E MttWON m canm.it MERCATOR 0 CWf SS BRIOGf C CONTAMR 22 Apr 112 Mtoy 2/ Api 17 May 9 May 11 Mm 14 Ma, It Hay 3 May 23 May 19
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      695 13 X£i SINGAPORE ISLANDS UNE MIDDLE EAST REGULAR LINER Sm Page IV foe Sailings Aqt-nls SINGAPORE SHIPPING AGt NCIES PTE IT D VAHKtTING *****2 GtNEHAI *****1 M V t UNO ASIA t INt SUN BHD MAERSK LINE icmrsEir 3C Mother Vessel 22 23/4 23-24/4 27-8/4 34/4-1/5 ARNOLD $-7/5 7-A/5 ararii: 3£
      695 words
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      903 14 FULLY CONTANOBED TO EUROPE C«tHanl»r Brawn Emm KaoMea lay EXPRESS CONVENTIONAL TO EUROPE S pare PJlatMf Pen Muo turn* 23 4 25 4 28 4 24/5 2/6 3 5 4/5 7/5 27/5 9/6 12/5 14/5, 21/5 25/r 23/5 25/5 29/5 31/5 1/6 3/6 4/6 6/6 15/6 17/6 23/6 25/6 31/5
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      395 14 Aprs/» •APS IS/21 r M Mm 25 t 4 kM 30 I* M|r 3 IW Mr I Mr io Mr it >1 Mr« >u My II u Mr a Tee CANADA/USA Padfc Cant OMK&Sn (EM) I (LAC) w »2/S I t-5/5 MI/5 25-2/5 7/1 4/4 Nn Ortem KIT LOMCI I"
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      466 14 EVERGREEN LINE r FAR EAST EUROPE F XPRF SS Fill L CONT AINtR SERVICt 1 ACCEPTWG CARGO FOR HAMBURG FELIXSTOWE ROTTERDAM ANTWERP L£ HAVRE ALSO ACCEPTMG CARGO FOR UMTED KNGOOM SOUTHAMPTON LONDON. MANCHESTER. BKMMGHAM BRISTOL LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BKMERMVth HOLLAND AMSTERDAM S*pw fdnttvt MMm Mwf it Mwi Em.HU
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      872 14 Everett Lines j DVimi riYl our dHlfpNV| UVifin. ''BURMESE NATIONAL LINE' Itt—t HM MNBOON 22/23 Ap BFS S C Ag*ntt Motoywa TEPS MALAYSIA Port Kctong T«4m>-7355 Penong T«l *****/***** CoMfMii Areeetine Do NavMadon lirtraNtiMMtal S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOADMG FOR DURBAN. CAPETOWN. BUENOS AMES S«capart f. Rata*
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      512 14 r txo.s.E. i OCEAN SHIPPING ENTERPRISES PTE LTD RM 2 102 103 21ST FLOOR MARINA HOUSE SHE NT ON WAY MIST Rl ROA!) SINGAPORE 2 TH *****44 *****70 IO SANKYO LINE OCEAN TIMBERS LINE EXPRESS HOMEBOUND SERVICE TO RAMAN t PERSIAN GULF PORTS M 10 DAYS TRANSIT Singapore P Ketang
      512 words
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      768 15 Overseas I I Containers Limited UaerpeelOay IN* tiki 29 May 31 Mr lAa 3km •mnm 14 May Ckm 4lm (t km) teniMn It May 21 May 12 km 14 km 15 M 17 Am OmmEapren 2t May 30 thy 19 Im 21 Jm 22 km 24 km Mwl*r 31 May
      768 words
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      1002 15 GRANARD LINE RQJMLf t DEPENDAMI NON-CONFERENCE EXPRESS SONKt WEST BOUMD-fM EAST/MEDfTERRANEAN S>m hM| leaf* Mr MV. SMK NURBS V.2SM 21 Apr 23 V MM/r.W Akundm/Btirit/Litttka Ptraans/TnpoA/Bea^ian MV. MAN AN VJ4M M Apr MM/TM rSI/Mmmtm/ Raret/UMOtf/LattaAe/ hrtws/T npok BMfkao HI KLM 111* 29 May 31 May Dptort/P Sa«M/P Sart/Neu*tn»/ Bamt/UtUtua/LMmsoiy Pwew/Tnpet/Bamhaii
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      517 15 BEN LINE J CONTAINERS EXPRESS CONTWPO SERVICE TO/FIOM EUROPE tfWK rNIHCN KMM HAVRE SOTQM TO HMCPt Spore r UM| W Garaaay/Aatoa Aatwrp FfMCt MU K CarAean b) SiM 20/4 5/5 U/5 12/5 14/5 7/5 Mar. 20/4 27/4 lt/5 20/5 21/5 (25/5) 16/5 RtantMar. 30/4 20/5 22/5 23/5 25/5 26/5 Ota
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      331 15 CONVENTIONAL SERVICE TO EUROPE twin pjmmi P«M« NED Minora l+n/n to 22/24 Mao Barcelona Mam. H'bir|. Osl*. Aarkat. C'lMfMi. Mrtsharwi KI KSIOKB tor 17/17 JH4»k. Bmoiu Trp*. R dan H burt Oslo. C hap*. RHMmm KD HIM -to* a/M Be«*han. Tnpafc, fim. H'burt Oslo. __J C'kacaa. Hamhamn m i ir.w.
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      595 15 ir BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD. LOADS FOR L t S. AFRICA ft, El4a) S port Mm P Mant 30 lky/1 to FROM [AST t SOUTH AFMCA Ptnw f.l FOR BANGKOK. MftMLA S pore 17/11 May LVKES ORIENT LINE U.S. GULF COAST SERVICE* (New Orleans, Mobie, Houston, Galveston)
      595 words
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      803 16 I K line KAWASAKI KISEN KAISHA. LTD. TO EUROPE N PEARt 14W 21 Apr 22 Apr 8 May 9 May 11 Ma, 121 C RO2( 13W 25 Apr 27 Apr 13 May 14 May 16 May 171 MXKAN JACfWOM Til 1 May 3 May 19 May '20 May 22 May
      803 words
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      790 16 U.S.A./EAST CANADA SERVICE acceptwg tclao. contaoos from penamg. p. bur stwe Lm*| tar: mm TOM. NOVou E.C./GREAT LAKES SERVICE LOAOMG FOB: K* TOM. NORFOLK MITMQME. PHLAOELPtM. MONTREAL. TQKMTO 10/12 H/MUiy u/M mi is/17 mi nm mi n/itm CAUFMNIA/PACIFIC NORTH NEST SERVICE L«*( Mr lOS ANGELES, SAN FRANCISCO. SEATTLE, TACfIMA. VANCOUVER.
      790 words
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      439 16 1 l-« »l II > SINGAPORE SHIPPING AGENCIES PTE LTD ,'o'« 'IOON oc I AN 8011. O'NG SNGAPOHI i MARKETING ,ii'N(S GfNfRA.. 9' 31 1 4 LINE S fU" OS .SS<>« A B CARSHIP i ABl f CAHGOSmI SINGAPORE ISI.ASDS USE Minpi.t t.'A ST RtdVLAR UNtR A SAFE WAV TO
      439 words
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      675 16 MM® 444/ v 4 YSIAN IN TtRNA TIQNAI SHIPPING CORPORATION §F*HAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK /CONTINENT/SC ANDMA VIA NESTBOUWh feeMr f Keiant Veisef Sport I) 2) Mm 3) H-bwi 4) Gtot EUAAOAA SaM N HOUTHAM m Port 1/5 «/S t/S 10/5 FRANCfSCA 21/4 JUTIMDM 24/4 |/5 13/5 15/5
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      615 16 INTRASEA (PTE) LTD fiber House J34E Orchard Roafl Singapore 9 Telephone *****H *****57 Line STRAITS/AUSTRALIA SERVICE Swfapore P. Keteng Laa** Mr ANSMV.I3 10 Mir I (by Sydney Melbourne Adelaide WMO (PTC) lID ZBItU BOOUK 2JMr7 i umpk no mrm t nunc «MM4 <m7v «pi ALPAC LINE SOUTH AFRICA SERVICE ruunw*.
      615 words
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      133 17 CELTIC BULK CARRIERS Regular Bulk Sorvico For Timbor Plywood Spa* P. Kebnt laa** Jar DEVON CITY Ft VOT 1 «/5 12/5 Ipaal/rbary/ Mm/Mm/ Mwwp r VWtCOUtt* CITY FE *OY2 8/6 12/S —da J CELTIC Ft YOY 3 t/7 12/7 -dai Gowral A pants. Urutad Agancy Pla Ltd Spora Tafc 222C3M
      133 words
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      153 17 F.TIVDOVESHYOEIEVTAL LUTES JAKARTA REGU.M DEPENMBU EVKSS SERVICE TO FROM HDOKSIA raws pjelak rrm dbunkm 20/21 Apr It NM (Mats) n/a Apr Mm HENG LEONG SHPPMG CO. PTE. LTD. I liN Gmm* Itfmti: OLL SMPPMG CO. (PTE) LTD Miu Mm*. Sato 1205/1207. Statin Sil. tat *****51 (5 Lan) OMENT LLOYD (M)
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      119 17 ANHSING OVERSEAS LINE REGULAR SOa-CONTMER/Lm SERVICE S'por* t. Xfianc '«M( ImA* tar: IMONVDBO 23/25 Apr MM/IMiM •UMXLMLTMUE 22/24 Apr MM *UNON BANGKOK 21/23 Iky MM STRONGWILL ENTERPRISE (PIE) LTD b H•» 4 M n M s 4i: i -i u t.*:* > ii» i Umiqm* SHIPPING TRADING CO.. (PTE) LTD
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      44 17 M.V. DONG Yl'N VOV. mtM lU* AT PSA (Mm N/41 ieneral survey on damaged arffo dlachared ex the above euel will be held oil Monday 3rd April I*l9. as from 900 .m. to 1240 noon lo further survey will be held fter this date.
      44 words
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      344 19 ${|<%;@%,:^>]{^(+<$^<&>:<`,@/}@ Our world bankers work around the workLaround the dock. 9:12a.m. London. m Uf V m a A Is > f I ft 4:08p.nt. Singapor 4\ i! Bras iv\V*t v.'* Ji i •> i w 'Vl- i iS&'A' Tokyo. 6:07 p.m. K. Furuhata, Fujitsu (left); and H. Tsurumaki, Bank of
      344 words
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      7 19 The Only Credit Card You Really Need.,
      7 words
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  • BUSINESS TIMES
    • Article
      HIGHPOINT OF 80's —GREATER DEPTH
      252 20 TEN TEAKS iftHTiiieeUei Sluppirf vmM becmm ft ghiififtl eeitre. It hat siiee passed Into mlity. Mm ttfti ftiytkiag else the traasfenaatleß is reflected is the city* ikyliae and la its sense si vitality. The change was psssihle partly hecaase there was a pettttaai will aai
      252 words
    • Article, Illustration
      QUALITATIVE CHANGE IS A MUST
      2797 21  -  Behind the Republic's remarkable growth as a financial centre is the Monetary Authority of Singapore, a statutory board which serves as the nation's central bank. COLIN CHEE and QUEK PECK LIM interview its managing director, Mr Michael Wong Pakshong, on his views of the future.
      2,797 words
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      Offshore bank, onshore....
      1133 22 REGIONAL BANKING There are few offshore banks in Singapore in the forefront of regional hanking which are also active onshore. Manufacturers Hanover Trust Company of New York leads the pack. David anderson! vice president and manager of the bank's local branch, gives an account of what offshore
      1,133 words
    • Article, Illustration
      ....Offshore bank, offshore
      1208 22 By LUQMAN ARNOLD, Credit and Marketing Manager, Manufacturers Hanover Trust Company, Singapore Branch. FOR OVER 150 years, Singapore has been a commercial centre of note. Although its economic planning is now more production-orientated, its location continues to provide it a natural advantage as a regional centre for
      1,208 words
    • Article, Illustration
      Three is a crowd but four is a team
      1242 23 JOINT COMPUTER SERVICE CENTRE By LEE HEE SENG, Executive Director of Overseas Union Bank and Chairman, Associated Data Processing Four local banks, ACBC, FEB, ICB and OUB, have jointly set up a computer centre to provide on-line and other data-processing services
      1,242 words
    • Article, Illustration
      REGIONAL SYNDICATION
      1042 24  -  Asia, one of the fastest growing regions of the world, has become a favourite haunt of international bankers in recent years. Here, PHILIP DEER, vice president and head of general banking at the local offshore branch of Morgan Guaranty Trust Company of New York, gives a comprehensive account
      1,042 words
    • Article, Illustration
      LINKING TODAY'S CUSTOMERS TO TOMORROWS SERVICES
      1734 25  -  By JOHN D.TESSIER General Manager, IBM Singapore Pte Ltd IN RECENT years, bankers have had to seek solutions to the growing competitionfrom other banks, increasing cost of funds and shrinking profit margins. One significant tool that has been accepted, with more and more enthusiasm,
      1,734 words
    • Article, Illustration
      Need to re-vitalise secondary market trading activities
      1313 26  -  The Singapore dollar bond market has come a long way. This article,tracing its phenomenal growth, is by OLIVER TAN (Left) and PHILIP TAN of the International Dept., The Development Bank of Singapore. OLIVER TAN and PHILIP TAN In terms of outstanding volume, Singapore
      1,313 words
    • Article
      TYPES OF BANKS
      526 27 THE Monetary Authority of Singapore (MAS) adopts a selective open-door policy in its admission of foreign banks and financial institutions into the Republic. While the authority has never overtly solicited the presence of foreign institutions, especially the more prominent ones, it has made it a point to
      526 words
    • Article
      Milestones in the financial history of S'pore
      1207 27 EARLY IMS The Government decides to develop Singapore into a financial centre as part of a broad economic plan. Aag 21 The 40 per cent withholding tax on interest on deposits in approved banks (including ACUs) paid to non-resident individuals and non-resident companies
      1,207 words
    • Article, Illustration
      Gold is money, money is gold
      1301 28  -  THE GOLDEN RULE By B.J. MILLER NO FINANCIAL centre like Singapore can be complete without a gold marl ket. Banks are among the most active traders in gold, as the metal is closely intertwined with the movements of international currency values. And we have
      1,301 words
    • Article, Illustration
      ENOUGH GLITTERING REASONS FOR GOLD TO REMAIN FIRM
      1325 29  -  By CHARLES B. PRICE THE PAST six months have been a period of tremendous activity in the world's gold markets, during which the precious metal convincingly jettisoned any lingering doubts that it may not be able to withstand the pressure mounted by
      1,325 words
    • THE MAS WISHING WELL...
      • Article, Illustration
        Lower offshore income tax
        642 30  -  IT IS IN the nature that there be continual improvements. But they only happen when there are hopes and dreams. Singapore transformed into a financial centre on a boundless hope and an imaginative plan. There is room for more. Business Times recently put to four prominent
        642 words
      • Article, Illustration
        Raise the rediscount limit
        569 30  -  MY WISH 2 By MINORU UEDA General Manager The Sumitomo Bank Ltd Singapore Branch AMONG the many problems commercial enterprises have to face everyday, there is one of adjusting their business policies to stay within the rules and guidelines of various authorities, which are not always
        569 words
      • Article, Illustration
        Bring in more legal skill
        638 31  -  MY WISH 3 By MICHAEL RIDING Vice President and Regional Manager Chemical Bank Singapore Branch LET'S BE light-hearted about it. I must assume that the question is at least slightly tongue-in-cheek, for it implies that the MAS has some kind of magic wand. But before
        638 words
      • Article, Illustration
        Ease curbs on branches
        639 31  -  MY WISH 4 By CLAUDE BLANGERO Manager Banque Nationale de Paris Singapore Branch WHEN one is subject to restrictions however trivial they may be and is asked to make a wish, it is only natural that the foremost desire is to see these restrictions lifted. At
        639 words
    • Article, Illustration
      ROLE OF THE DISCOUNT HOUSE IN SINGAPORE
      1139 32  -  By YEOH BENG CHEOW THE main activity of a discount house is to accept short-term deposits, classified as overnight deposits and call deposits. With these deposits, a house invests in four types of instruments Treasury bills, government stocks with maturities shorter than three
      1,139 words
    • Article
      Where to place your trust in investments
      874 32  -  ifiSSSSSS3EES3ESSSSt By WEE SIN THO THE AVERAGE Individual usually hps neither the time nor resource to invest his savings systematically in order to preserve their value within a reasonable level of risk and avoid the pitfalls commonly associated with investing. The investment trust
      874 words
    • Article, Illustration
      Factoring: what it holds for local businessmen
      1548 33  -  FACTORING is a relatively new and unknown financial tool to many local businessmen, and even to the few who know of its existence, it is still not fully understood or appreciated. Yet factoring has much to offer and its potential has not been
      1,548 words
    • Article, Illustration
      Forex city that never sleeps...
      1080 34  -  By R J TOOMER Director, Marshall* (S) PteLtd OVER the past two years, turnover in Singapore foreign exchange markets has increased substantially, and the volume handled by the money brokers here currently runs at about US$5OO million a day. On further analysis, it becomes clear
      1,080 words
    • Article, Illustration
      LEASE OF LIFE FOR COMPANIES GALORE
      850 34  -  By T KOIZUMI Director and General Manager Orient Leasing Singapore Ltd LEASING is a form of medium-term financing. Under it, the leasing company purchases equipment on behalf of a client and leases them to him for a fixed period (normally three to five years)
      850 words
    • Article, Illustration
      International bankers of the global village
      1191 35  -  By HARRY GARSCHAGEN **.A TRUE international bank has two concentric mr% circles," Mr C. M. van Qierden, a Bank of AmerijS Executive vice preside*" once said. rjf*The inner ring is a netMjOrk of oversea branches Mn the money-trading "centres in the major capi- lal
      1,191 words
    • Article, Illustration
      JAPANESE INVESTMENTS IN A CHANGING ASEAN
      1011 35  -  BANK of Tokyo was established in 1946 as the successor to the Yokohama Specie Bank and licensed in 1954 as the only bank based upon Japan's foreign bank law. Since alter, Bank ot Tokyo has established itself as one of the leading international banks
      1,011 words
    • Article, Illustration
      Re-definition of the role of finance companies
      2510 36 INCREASED COMPETITION AHEAD QUEK PECK LIM, Business Times' Financial Correspondent, looks at finance companies and their role in the national context AFTER three years of being buffeted by competition from all sides in the wake of depressed conditions in 1975, Singapore's finance companies
      2,510 words
    • Article, Illustration
      MERCHANT BANKER'S RICH FUND OF IDEAS
      1211 37  -  Merchant banks here have increasingly taken on a new look they are larger, more oftshore-orientated, and more ambitious. The trend is by no means contined to the new ones. Some of the older merchant banks are also following the trend. ROLF WILLI, managing director
      1,211 words
    • Article, Illustration
      THERE'S MORE TO BRAZIL THAN COFFEE BEANS
      1307 38  -  IT IS Integral to Singapore's export drive that new markets are constantly sought. Banks have always served as the bridge to inreased economic and trade relations. Recently, a Latin American bank set ap shop here to forge that link between Asia and South
      1,307 words
    • Article, Illustration
      Does the Asian bond market really exist?
      1482 39  -  By DAVID B. WARNER LET US leap over the concern which seems to burden so many of the commentators on the Asian bond market does the Asian bond market really exist? With more than 40 bond issues listed on the Stock Exchange of
      1,482 words
    • Article, Illustration
      A GROWING YEN FOR JAPANESE SECURITIES
      1407 40  -  Burgeoning Japan-Asean dialogue is a timely spur to new awareness By TOSHIO KARIGANE President DBS-Daiwa Securities International Ltd THE Japanese securities market has been one of the biggest and most active financial markets in the world. But it is only recently that investors, both
      1,407 words
    • Article, Illustration
      Doing business with the world
      1917 41  -  THE SINGAPORE TRADER By T. C. KHOR By T. C. KHOR, Manager, International Division, United Oversea Bank TRADE financing is very much a staple activity of commercial banks in Singapore and the factors that have made the Republic a major trade financing centre in this
      1,917 words
    • Article, Illustration
      Banking on a sound future
      969 42  -  THE MALAYSIAN CONTEXT In the seventies, Malaysia's banking and financial sector has contributed significantly to the national economy. This sector, said TAN SRI ISMAIL BIN MOHAMED ALI, Governor of Bank Negara, faces a bright and promising future. Recently, a review of the Third Malaysian Plan
      969 words
    • Article
      PHILIPPINE FINANCE COMES INTO ITS OWN
      784 42  -  By AMADO BRINAS By AMADO BRINAS, Senior Deputy Governor, Central Bank of the Philippines IN THE past three decades since the postwar period, the Philippine financial system has undergone a radical tr a n s formation.From a fledgling sector, the industry has finally grown
      784 words
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      134 20 Trade Finance Leaders in Southeast Asia The United Overseas Bank Group (comprising United Overseas Bank, Chung Khiaw Bank, Lee Wah Bank): over 40 years experience, assets exceeding $4.65 billion, with 77 branches in Singapore, Malaysia, Hong Kong, Tokyo, London and an Agency in New York. UNITED OVERSEAS BANK CROUP Head
      134 words
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      Page 20 Advertisements Column 2
      168 20 INSIDE MD of the MAS looks ten years ahead 3 Banking onshore and offshore 4 Computer p001ing................ 5 Regional syndication...... 6 On-line to tomorrow... 7 Secondary market trading 8 Milestones in financial history of Singapore... 9 Granny's adage for gold market........................... 10 Gold is full of go 11 The four
      168 words
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      169 21 i 4 Deutsche Bank, a century of universal banking. To find the spectrum, you need the prism. A universal bank, such as Deutsche Bank, acts as a prism. It takes in the widely varied problems of a multitude of clients (individuals and companies; governments and institutions) and carefully breaks each
      169 words
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      147 22 to Ml I MM** 9 0 Wg T Singapore s National Savings Bank brings you a new concept in service POSB Superßanks! 25 COLOSTO«AOe 00 RO.l POSB Soperßanks offer you an exclusive plus fpr the first time in Singapore: PERSONALISED NIGHT BANKING SERVICE g^rs.'s&'s.L 7 fepas® ss^ssscss,. Sf» steS another
      147 words
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      201 23 r i '\r X *?■< ak £C 4 %> a* wgm > s S3BM3 r f <• if "'v^C* -J- f 10* "fj* > 4> i i sa fcTv" rt; i r>s «a&E it? r' V >* V-ti U JV* e V V'V mk\ ma r *< Our Singapore Branch,
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      342 24 U5520,000,000 The Mitsubishi Bank, limited U.S. Dollars Floating Rate Negotiable Certificates of Deposit due March 16, 1981 Manager and Agent Bonk: Merrill Lynch International (Asia) Co. Co-Manager Mitsubishi International Finance Limited U5520,000,000 The Mitsubishi Bank, Limited U.S. Dollar Floating Rate Negotiable Certificates of Deposit due December 14,1981 Manager and Agent
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      546 24 Merrill Lynch International Banking Group These announcements appear as a matter of record only U5530,000,000 The Bank of Tokyo, Limited U.S. Dollar Floating Rate Negotiable Certificates of Deposit due August 17,1981 W Manages Merrill Lynch International (Asia) Co. Singapoce-Japan Merchant Bank Ltd. Agent: Morgan Guaranty Trust Company of New York
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      306 24 U5530,000,000 The Dai-Ichi Kangyo Bonk, Limited U.S. Dollars Floating Rate Negotiable Certificates of Deposit due November 30,1981 Manger and Agent Bank Merrill Lynch International (Asia) Co. Co-Manages Dai-lchi Kangyo Finance (Hong Kong) Limited Asian-American Merchant Bank Limited U5516,500,000 The Tokai Bank, Limited U.S. Dollars Floating Rate Negotiable Certificates of Deposit
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      53 25 INDCSUEZ Your n/oridwide full service bank J- i B 1 "%fZf 'i Vfl H v/< V V NDCSUEZ 0 ill L IN Incorporated in France with limitea liability Shenton House, 3 Shenton Way, Singapore 1. Tel: *****11 (15 lines) Telex: Indocab RS ***** Cable: Indosuez Singapore. P. O. Box 246.
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      311 26 The Insurance World of AIA .adequate and effective insurance for your family's security V ..i r jSJ v > «wv: v V w- V <•: W-V IB -i 3rx ;j£ JS* <■. 1 e AIA is part of the American International Group, a holding company whose insurance subsidiaries engage in
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      270 27 FOREIGN CURRENCY INVESTMENTS AND FINANCIAL NEEDS? GOME TO TH€ CHARTERED BANK ASIAN CURRENCY UNIT SINGAPORE We are in the Asian Dollar Market with a wide range of services for you. Time and Demand Deposits US$ Negotiable Certificates of Deposit Currency Loans Letters of Credit Bills Discounting these are just a
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      309 28 Why the First Canadian Bank should be your first international bank. The year, 1817. Bank of Montreal became the first Canadian bank, and the procedures and practices we originated later formed the basis for Canada's entire national banking system. Bank of Montreal issued the first Canadian money. We were the
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      206 29 present S.W.I.FT network Society for Worldwide Interbank Financial lelecommunication S.W. I. FT Worldwide Burroughs serving S.W.I.FT Stockholm Oslo Copenh3g V london Amsterdam Montreal Frankfurt Pans russels r* /i.r Zurich A Helsmk i New York Vienna A Amsterdam London Brussels Milan Switching Centers Concentrators •Belgium •Austria •France Norway •Netherlands •Belgium •Germany
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      288 30 I t GOLD, a symbol of wealth amongst the Chinese. The Future's in Gold Gold has traditionally been regarded as a good store of wealth against inflation. It is estimated that at the present rate of production, world reserves will be depleted in 20 to 25 years. The Gold Exchange
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      162 31 PPPP ;>" W: are moving with the rimes, but still bound to tradition. For a bank, we have set an impressive growth record since we first started in 1954. Industrial and Commerical Bank is backed by solid capital assets and over a quarter of a century of local and international
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      328 32 V tar V I m Vf 'I J r j 4 Va rrv. n Z1 I m %k J J ..>■ 1 'S I Idglt •V> <« :s«*» *k& cj- *<\ .j> v sggreg S&3K >«?Kg ?Ww J v I i $m > 1 t r-' v V'' V .-f'V^.
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      203 33 The IBM43ooHnnrnijnrn < \y v 4 ,-x.jr L provide advanced data processing^ capabilities at the cost of I a small system V§» Exceptionally compact, yet more powerful than many larger systems, the IBM 4300 series is designed to provide advanced computing capabilities at a cost comparable to what a small
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      195 34 Indian Overseas Bank (Wholly owned by the Government of India) Over 800 Branches throughout India and in Hongkong, Sri Lanka and South Korea. Correspondents in all the principal cities of the World. Comprehensive Banking services offered at all Branches of the Bank. Singapore Branch "INDIAN OVERSEAS BANK BUILDING" 1 3,
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      325 35 We can open more doors for you than any other Canadian bank 52S V 53 t .j--m r A i v«fr r\ :n "W Open the door of Canadian Imperial Bank of Commerce in Singapore and you have over 1700 branches open to you in Canada. What's more, as well
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      199 36 Success in today's world of business calls for a constructive approach to financing, a sound knowledge of the available markets, and original ideas. These are the strategic qualities that Wardley can provide throughout Asia. Wardley Limited, backed by the resources and experience of The Hongkong Bank Group, can offer financial
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      251 37 Never before has an Interactive Direct Processing computer this size been offered with the memory capacity and overall power of the 1-8270. Powerful and compact, this system will handle all the data processing needs of a variety of organizations, large and small. It has four times the memory capacity of
      251 words
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      112 38 We have 280 offices in 38 countries and we're still growing. We never close. In fact, we open 280 times a day. So there's always a place for you to take advantage of our expertise. After all, we've been Japan's leading international bank for just short of a century. And
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      374 39 For the his and outs of international cash flew, ask the bank j that knows it inside out. 1 The Australia and New Zealand Banking Group Limited. ANZ is one of the top 100 banks in the world and the leading Australian bank in foreign exchange trading proof of our
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      89 40 s THE SWIFT INTERFACE DEVICE sr.' y *'x< a. j ICL's Swift Interface Device has the honour to be officially approved by the Society for Worldwide Interbank Financial Telecommunication. ICL Swift Interface Device is a durable high performance system providing you with FAST, RISK FREE ACCESS TO YOUR CORRESPONDENT BANKS.
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      333 41 How. you too can invest m diamonds at dealers'prtees. We represent the major diamond supplier to banks in Europe. 0* 4* r A vs INSIST ON SAFEGUARDS OF QUALITY AND PRICE The quality of our diamonds are certified by laboratories recommended by banks A world-renowned institution ensures that our prices
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      409 42 Because llir lumkiTwas on his toes, the lnisin< ofland running. The backer with an inside track locally often has the advantage. Particularly when he's backed by the worldwide resources of a gl financial network. As all our bankers are Take the matter of financing for a new business in Asia.
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      30 42 GENERAL INFORMATION Area: 300,000 square km Population: 44 million (1976) Capital: Manila (1.45 million) Major exports: sugar, coconut products, copper and timber. Main crops: rice, hemp, coconuts, sugarcane, maize, tobacco.
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