The Business Times, 21 April 1979

Microfilm: NL10129
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 146/1/79 SATURDAY, APRIL 21,117S 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon 99.9 pc approves pact
      84 1 UPI CAIRO, Fn. Voters approved the EgyptianIsraeli peace treaty by a thumping near-unanimi-ty in a referendum that strengthened President Anwar Sadat's hand in facing Arab opposition and launching domestic political reforms, the government announced today. Interior Minister Nabawi Ismail, who supervised yesterday's referendum, said 99.95 per
      UPI  -  84 words
    • Article
      Lock icon Oil weapon
      83 1 UPI LEAVENWORTH, Kansas, Fri. The nephew of Saudi Arabian King Khalid said yesterday an immense amount of pressure has been exerted on his country to use oil as an economic weapon against the United States, the Kansas City Times reported today. Prince Khaled, the son of Saudi Defence
      UPI  -  83 words
    • Article
      Lock icon Common stand
      70 1 Reuter KUALA LUMPUR, Fri. Malaysia today called on Asean to make a common stand against restrictive practices of industrialised countries. Deputy Trade and Industry Minister Datuk Lew Sip Hon in opening a meeting of the spinners working group of the Asean Federation of Textile Industries, said the restrictive
      Reuter  -  70 words
    • Article
      Investment commission
      59 1 THE Japan Foreign Trade Council has proposed the creation of an investment commission in Asean. This was contained in a report by the council on how Japan should deal with the group in commerce and economic cooperation. The setting up of a system to guarantee income for the
      59 words
    • Article
      Singapore trade up
      63 1 SINGAPORE chalked up $4.68 billion in total trade in January this year, against $4.21 billion for the same month the previous year. Exports for the first month of the year amounted to $2.1 billion against an import bill of $2.6 billion. The trade gap was not as
      63 words
    • Article
      Water stock rises
      54 1 WATER stock in all Singapore reservoirs rose last month to reach 95 per cent yesterday. This unexpected rise was caused by heavy rainfalls on certain days of the month. In view of the good water stock position, the Public Utilities Board will discontinue treatment of Kranji-Pandan water
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    • Article
      Lock icon Dow Jones
      72 1 AP NEW YORK, Fn. The stock market moved lower this morning as the chairman of the Federal Reserve warned that the US central bank will not allow the American economy to surge later this year. Half an hour after the opening, the Dow Jones average of 30 industrials
      AP  -  72 words
  • Chief Price Changes
    • Article
      SINGAPORE
      132 1 Rises Most Active Shangri-La 585 10 S Darby 365,000 FAN 560 10 M Glass 303,000 125,000 119,000 Sin Chew Stl Properties Sime Darby 388 276 332 10 8 6 Pahang Cons F Merlin MBS 256 6 Total Turnover: 3.35m B Raya O C B C 224 895 6 5
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    • Article, Illustration
      KUALA LUMPUR
      151 1 Rises Most Active A Hitam (rubber) Taiping Con Sth Mai Tin Sg Besi Tronoh Mines S Trading Esso Ord Magnum Corp 374 350 1270 960 895 635 440 418 24 +22 20 15 10 +10 +06 +06 SDwhy 238,000 G Lumber 168,000 Consplant 137,000 SEA Lumber 133,000 Total
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  • Article, Illustration
    Shipbuilding in poor repair
    787 1  -  TWO-DIGIT REVENUE PLUNGE By TERESA LIM TOTAL revenue for Singapore's shipbuilding and repair industry fell by 15 per cent last year the first time it has registered a double-digit fall since the slump in the industry three years ago. In 1977, the first year of decline,
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  • Article
    Lock icon NEW TARIFFS
    123 1 AP THE INDONESIAN government yesterday announced it has imposed new tariffs on 400 imported products and commodities to protect domestic goods, and a reduction of sales tax on 1,000 commodities ranging from 10 per cent to one per cent. Finance Minister Ali Wardhana disclosed that, following an economic
    AP  -  123 words
  • Article, Illustration
    $330 m Oberoi projects to straddle globe
    693 1 THE OBEROI Hotels International group will invest a prodigious US$l5O million (***** million) in hotel projects all over the world. This expansion will be carried out over the next four years with financial assistance from interested parties. Corporate plans cover the Oberoi Imperial
    693 words
  • Article
    Two more banks join the offshore fraternity
    251 1 THE ESTABLISHMENT at yet iwtter two offstore buki wlthla the ■ext few Mitki will beeat Slagapere's rcpatettea a* a key Uak la the glehel Mhnrk at fereiga eiekuge eeatrea. The Baak at New SnA Wake, which will apea at the ead at aezt
    251 words
  • Article
    Stable timber prices and supplies are at hand
    497 1  -  By COLIN CHEE THE Malaysian government will soon implement a plan to ensure the stability of timber prices and supplies. This was disclosed by Mr Paul Leong, Malaysia's Primary Industries Minister, at the South-east Asian Banking and Finance Conference yesterday. Mr Leong,
    497 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      39 1 \}[<i 2! AMERICA'S FA Golf Clubs. Jogging. Tennis. Squash Soccer Shoes Apparel OEtonkL Sote Agent Merdings Leisure Pte Ltd 23. Park House. Orchard Boulevard Sogapore 10 Tel *****55.*****18 Also a vaiiaoie at au leading spoxs shoos ano qio snoos
      39 words
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      Page 1 Advertisements Column 2
      16 1 Iced Cream a •y Harveys Bristol Cream. The best sherrv in the world. Eastern Agencies ..y.
      16 words
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      Page 1 Advertisements Column 3
      67 1 LEISURE TIMES CONTAINER traffic is gaimg StTMg PEOPLE la MMN THERE'S company on the Jakarta irftrlr exektife MONETARY disarray Inms la the US TRAUMA st msdenrtssttsa Is FORUM: Of ievelspers aad 1fii1515t15a................................. 7 ASEAN credit staadtag is Ugh.. SEA Liaker eajsys strsag specalatlve tatere5t................... II baaklag aai fiaaaee I MEMOP
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      2 1 Leader Page <
      2 words
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      Page 1 Advertisements Column 5
      58 1 Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. I XX r f., I JM'JJ CIS 3«|j7| M7JU SEE BACK PAGE 'Mil SHEERXMPOSSIffiUTir! CQMETOCONTI FORTHE REAL POSSIBLE DIAMONDS •JEWELLERY WATCHES IVORIES CURIOS •PENS •LIGHTERS. •PERFUMERIES LUCKY PLAZA LOWER GROUND 2 A3 Main entrance facing Orchard Road
      58 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      433 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
      433 words
    • Article
      Sime team for Cognac
      321 2 THE LIQUOR sales team of Sime Darby, sole agents of Camus Cognac since 1973, will be sent on a holiday-cum-educational trip to the French district of Cognac. The five-member team comprises Mr Henry Lee (sales manager), Miss Rose Lim (executive), Mr Harry Teo, Mr Larry Lee
      321 words
    • Article, Illustration
      Container traffic should see 25pc growth rate
      531 2  -  By GOH ENG KEE CONTAINER traffic In Singapore is expected to grow at a rate of about 25 per cent annually over the next five years, said Mr Wong Hung Khim, general manager of the Port of Singapore Authority (PSA) yesterday. Speaking at
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    • Article, Illustration
      SINTAT'S LATEST ADDITION
      119 2 A LEADING car-rental company in Singapore, Sin tat, has introduced the Ford Granada &8 Ghia Automatic to tto fleet W sell-drive cars, lerrles and vans. Mr Khoe Kay Eng, managing director ef Sin tat, said this stop wu taken to meet a new market demand for quality
      119 words
    • Article
      Bayan Lepas runway slowly sinking
      95 2 THE RUNWAY at Bayan Lepas Airport, Penang, has sunk by about half a metre in the last two years and, sources said, will sink further in the next three years or so. They said this is because the runway was built on soft muddy ground
      95 words
    • Article
      Inroduction to computer
      57 2 THE SINGAPORE branch of the Institute of Administrative Management (UK) will hold a talk on "Introduction to a computer" by Mr Bill Mould, general manager, and Mr Nicolas Klerk, marketing executive, of Plessey Singapore. The talk is on next Thursday, April 26, at Peninsula Hotel. Coleman Street.
      57 words
    • Article, Illustration
      Thai factory sets up gem showroom here
      135 2 THE LARGEST gem-cutting factory in Asia, Associated Lapidaries of Thailand, has recently opened a showroom in Singapore. The company which employs over 380 workers in its Bangkok factory is confident that its range of Jewellery and gem stones ranging from USJIO (5J21.7) upwards
      135 words
    • Article
      Malaysian batik industry faces troubled future
      423 2 THE MALAYSIAN batik industry is in trouble again because of the acute shortage of lawn, voile and other cotton materials which has resulted in spiralling prices. In Penang, where batik clothes are a major shopping item sought by tourists, at least three smalltime batik
      423 words
    • Article
      Save power seminar
      66 2 A TWO-DAY seminar on energy conservation will be organised next month to complement the current campaign to cut down energy consumption. The seminar is organised by the Singapore Manufacturers Association, Public Utilities Board, Science Council of Singapore and the Singapore national committee of the World Energy Conference.
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    • Article, Illustration
      PEOPLE IN BUSINESS
      371 2 CITIBANK, NA, announces the following promotions: BtMdet Kwek (Mm Smmg, from assistant vice president to vice president; Dale B PneM, from assistant vice president to vice president; Bytvta Kweag PMk Yi, from manager to assistant vice president; DMgtatt L Htriy, from manager to assistant vice president; and
      371 words
    • Article
      Rising hotel rates put off tourists
      417 2 RISING hotel charges in Malaysia have apparently frightened off many tourists but ironically the hotel industry is now enjoying higher-than-ever occupancy rates. A Malaysian Business Times inquiry revealed that most of the guests registered by hotels in the Kuala Lumpur-Petaling Jaya area nowadays are
      417 words
    • Article
      Berlin centre a fair choice for exhibitions
      291 2 THE TRADE Fairs and International Convention Center Berlin AMK will be holding a presentation of the convention facilities at the Shangri-la Hotel next Friday, April 27. Representatives of AMK Berlin will introduce the facilities of the new International Convention Centre, ICC Berlin, to
      291 words
    • Article
      Wink man
      39 2 MR OW Fook Moh is not Yeo Hiap Seng's manager for South-east Asia as reported in yesterday's story. He is the South-east Asia manager for Wink, a product of Canada Dry and franchised to Yeo Hiap Seng.
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    • Article
      KEEPING UP WITH PLASTIC AND RUBBER
      106 2 THE SINGAPORE section of the UK Plastic and Rubber Insititute was formed this month to help manufacturers here keep up with the research, training and commercial development in rubber and plastic. The institute is the oldest and largest professional organisation in the world devoted
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      44 2 PAUL IWtflt i ,3*~ J a H Kl*i* L'f-Mll .V* mm Hi Imßlß r-kvir- ml tlil flmTn ss» l'.'i mi ii'ir m •r: i^ait wtm lliiMM asi FTtf iMiPI. 'MSi «*r s t* 11 Naw Industrial Road, Singapore 19. Jrian 222, Pataiing Jaya, Saiangor.
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  • REGIONAL
    • Article
      Two's company on Jakarta stock exchange
      914 3 THE NUMBER of companies listed on the Jakarta stock exchange is expected to double this month a second firm is finally going public. "Another company should be listed before the end of April," Mr J.B. Sereh, president-director of Indonesia's state-owned investment company, PT Danareksa,
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    • Article
      Lock icon US dollar firms
      422 3 Reuter THE US dollar closed the week oh a firm note, trading on foreign currency markets in Tokyo yesterday at 216.80 yen, up from Thursday's closing level of 215.70 yen. Foreign exchange dealers said the US currency moved higher from the start of trading in a low-volume
      Reuter  -  422 words
    • Article
      Lock icon TOKYO'S SAVE-POWER 3
      188 3 AFP JAPAN announced yesterday its third package of energy conservation measures to counter the effects of scarce, high-priced oil, featuring cutbacks on the use of air conditioning and private cars. The package stipulates that the government will take the lead in the oil-sav-ing campaign in keeping the
      AFP  -  188 words
    • Article
      Lock icon Crew of Singapore ship detained
      124 3 AP ALL SIX crew of the singaporean ship, MS Ma war, have been under police detention in Indonesia for question in connection with alleged attempts to smuggle in goods valued at hundreds of million US dollars at Liang Aggang, south Kalimantan, the official Antara News
      AP  -  124 words
    • Article
      Indonesian living cost
      51 3 THE INDONESIAN cost-of-living index (base 1966) rose by 0.58 per cent in March to 2,358.8 after rising 2.34 per cent in February, and stood 11.8 per cent above its level in March, 1978, Bank Indonesia statistics show. The index rose by 5.58 per cent in the first
      51 words
    • Article, Illustration
      Lock icon Favoured treatment
      293 3 Reuter JAPAN and the Philippines yesterday initialled their second treaty ef amity, commerce and navigation, which contains Tokyo's acknowledgement that Manila la entitled to give special preferences to tear South-east Asian neighbours, the foreign ministry here said. The Initialling took place In the presence of Philippine For* eign
      Reuter  -  293 words
    • Article
      Lock icon Manila studies fixed copra duties
      303 3 Reuter A PHILIPPINE government committee will study a proposal to abolish the country's fluctuating export duties on copra and coconut oil and replace them with fixed premiums, industry sources said in Manila yesterday. The proposal follows complaints from domestic coconut oil millers that the recent
      Reuter  -  303 words
    • Article
      Lock icon Big plan for small industries
      272 3 AFP INDIAN Industry Minister George Fernandes yesterday disclosed that nearly 100,000 new small-scale industrial units are envisaged to be set up in rural areas this year involving an estimated expenditure of 1.81 billion rupees or over US$226 million (***** million). He told Parliament in a
      AFP  -  272 words
    • Article
      Lock icon Thais' refugee policy hardens
      258 3 UPI THAILAND'S policy towards Indochinese refugees took a tough turn yesterday with thousands of Cambodians forced back across the border and a boatload of Vietnamese ordered back out to sea. A senior Western diplomat in Bangkok said Thai authorities circulated a letter saying the Thai freighter
      UPI  -  258 words
    • Article
      Canberra to state monetary policy soon
      183 3 AUSTRALIAN Treasurer John Howard said he will soon make a major statement on monetary policy. Speaking on his arrival in Perth for a Liberal Party council meeting, Mr Howard declined to say when the statement will be made, adding the government has decided its
      183 words
    • Article
      Lock icon Record goes tumbling?
      64 3 UPI TWO high seheel stadeats, Eres Klein and Jeha Wlekham, tappied a efcala mt ISMM la tl mlaates M iina is m Taesday, apparently breaking tie warld rtcirt, r The yeaths speat It hears a day far three patterns, laeladlag aiahen aad wards, at the Cartte Carttag
      UPI  -  64 words
    • Article
      MAS to resume flights to London?
      136 3 MALAYSIAN Transport Minister Tan Sri Manickavassagam said yesterday said he was confident the Malaysian Airline System (MAS) would soon be able to resume its services to Australia and Britain which have been halted by international boycott action. Speaking at Taiping, Perak, the minister said:
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    • Article
      Lock icon 2nd order of wheat cancelled by China
      321 3 AP CHINA has cancelled another order for United States wheat, raising speculation that it may be running into storage or payment problems, a US Department of Agriculture (USDA) report indicated on Thursday. The latest cancellation involved 106,626 tonnes of wheat China had ordered
      AP  -  321 words
    • Article
      Lock icon Refuel elsewhere call by Taiwan
      138 3 Reuter TAIWAN, bidding to conserve energy, is to cut luxury car imports and advise ships and airliners to refuel elsewhere. A wide-ranging package of measures was adopted by the Executive Yuan (Parliament) yesterday as the government keeps a wary eye on the economic problems that
      Reuter  -  138 words
    • Article
      Lock icon SEED OF EXCHANGE
      76 3 Reuter CHINA and Thailand have agreed to exchange technicians, seedlings and equipment in order that Thailand can help China with rubber, rice and jute planting, Thai Minister for Agriculture and Cooperatives, Mr Prida Kannasut said yesterday. Thailand will receive Chi- nese help with fresh-water fish breeding, afforestation,
      Reuter  -  76 words
    • Article
      Figuring out oil firms' price plans
      106 3 MALAYSIA'S Trade and Industry Ministry are expected to meet representatives ef «U cempanies to Kuala Lampor next week to (tod eat mere details ef the ail price sitnatlM. The ministry's depnty secretary-general, Enelk Ahmad Sa'adi, eemmenttog en reperto that «U eempnales were pre—tog tor
      106 words
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      Page 3 Advertisements Column 1
      25 3 Anwvnekl gKe you their very best All estate grown and bottled. Nik- Afltm* jardine Marketing Services AI <>; I<H> v £s|£ *•*> i\ i <»11 rr^A. m
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      652 3 TWO-IN-OIE CRYPTIC PUZZLE ACROSS 1 London soccer striker? (6) 7 Not old enough to use a deer gun (5, 3) 8 A backward girl, unfortunately (4) 10 The porter's strange account (6) 11 Dramatic drawing? (6) 14 Before getting out of the red (3) 16 Fails to keep replacing soles
      652 words
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  • RAW MATERIALS
    • Article
      Lock icon Miti eases ban on copper exports
      494 4 Reuter THE Japanese Ministry of International Trade and Industry recently approved a small amount of copper exports by Japanese smelters to reduce increasing domestic inventories of the metal in Japan. This was the first time the ministry approved copper exports since It eased its
      Reuter  -  494 words
    • Article
      Bergland lor wheat talks in Canada
      126 4 THE US Agriculture Secretary Bob Bergland has accepted an invitation to meet representatives of several other major wheat exporting countries in Canada next month. The invitation was extended by Mr. Otto Lang, the Minister in charge of the Canadian Wheat Board. The meeting will
      126 words
    • Article
      Uranium mines move
      129 4 THE B—Mi Earns■ gevGabea < aad~Paracsa > y threagh Jab* veatares tar Import parpaaea, la aa effort to seeare Iks pare araatam repaired tar the asHMt aaelear power Energy -Bess a rees Ministry sOdals also plaa to seek imports af araalam from Ca—da, Aastralla aad the US
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    • Article
      Lock icon Comalco foresees tight aluminium supplies
      518 4 UPI Reuter ALUMINIUM supplies will continue to be restricted over the next three to four years if economic conditions remain favourable. Disclosing this, Comalco Ltd chairman Donald Hibbered said the shortage of supplies will not be relieved until adequate new capacity is built on "green
      UPI; Reuter  -  518 words
    • Article
      RUBBER
      393 4 OPENING prices in Singapore yesterday were marked down about 1.25 cents on easier London advices but the market recovered later on higher Japanese advices, dealers said. Values, however, were not maintained and buyers withdrew. Prices therafter fluctuated before firming towards the morning close. The morning session closed slightly easier
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    • Article
      Closing prices
      30 4 Rubber: April 20 Singapore: May: 280.75 cents (up 0.25 cent) Malaysia: May: 284.25 cents (up 0.75 cent) Tin: $1,946 (down $14) Official offering: 195 tonnes (up 45 tonnes)
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    • Article
      RAS PRICES
      328 4 RAJS. prices In cents per kilo yesterday: Mm* (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f o.b. 283.00 2M.00N 285.00 286.00N Int. 1 R.S.S May 271 JO 279 00 389.75 281.25 Int. 1 R.S.S. June 274.50 275 00 276.75 277.25 Int. 2 R.S.S
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    • Article
      SSR and SMR
      109 4 nwn asK ana 3MK pncas ymi RA8 M|jr {Cmr May Jua nn Mtk) (Forward Mtk) SSR 10 (1-loa pallat) Bnya 2TTS0 >ra Ballara Bayer 240.&0N 247.40 a Saltan 249.40N SSR SO (1-tOB pallat) 264.40 246 40N 244 40 244.40N MRELB SMR CV ton pallat 294 00 2M.00N
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    • Article
      Rubber trades within 9-cent range
      363 4 DURING the last eight trading days, punctuated by the long Easter weekend holiday, the market fluctuated within a nine-cent range, achieving a new high of 283 cents per kilo to match the peak of the 1973 boom, says Holiday, Catier, Bath Co. in its review
      363 words
    • Article
      Straits tin
      64 4 THE STRAITB tla price fai Peaaif yesterday fell MfU to $I,M€ a pleol. CiidltlHi were geaerally eider due to a larger ceatrihattoa sf tla are by misers despite higher Lwiia metal prices sa Thursday and haylag sappsrt at this level Cram US aad Japaaese traders, dealers said. Tstal
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    • Article
      Hongkong Comex
      151 4 THE SUGAR futures market yesterday closed easier in continued sluggish trading, with no trades registered, as on Thursday, dealers said. May closed at 7.77/80 US cents against Thursday's 7.85/88 close, July at 8.20/25 against 8.32/35 and distant March at 9.40/43 against 9.50/53 cents. Sugar futures closing prices: Prevts«s
      151 words
    • Article
      Rice
      328 4 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop O.K. 100 per cent second class 0 85, 100 per cent third class QJO, 25 per cent new crop no stock, B-10 per cent 0.75. THAI BROKEN: A-super 0.62, Special
      328 words
    • Article
      Soybean
      94 4 CHICAGO soybean futures rebounded near the close on the strength of a rally in soybean oil and closed higher on Thursday. Prices were up eight US cents to 1/4 cent a bushel. Traders said, in addition to support from oil, local spread buying of old crop and selling of
      94 words
    • Article
      Wheat
      98 4 WHEAT futures closed lower with prices off one to 1/2 US cent s bushel in Chicago on Thursday. Trading was light and in s narrow range. Traders said the market came under pressure from feeling! that US wheat exports to China and the USSR will not be as large
      98 words
    • Article
      Produce exchange
      336 4 QUIET but steady sentiment prevailed on the prodce market yesterday. Buyers withdrew from the pepper section undermining the market. Prices fell fay $2.50 all round and sellers indicated some willingness to lower quotes a little. No fresh shipments were received yesterday. The copra and coconut sections held, steady
      336 words
    • Article
      LONDON MARKETS
      965 4 OILSEEDS: Soybean oil yesterday started steadier in sympathy with closing Chicago prices but by midday the market was trading marginally under Thursday's paid rates following increased selling interest, brokers said. Trading included May/July deliveries of Dutch production at 131 guilders scaling down to 119 guilders for November/January F.
      965 words
    • Article
      Palm oil
      63 4 C.1T. North European porta, to US dollars per ton t otherwise stated. LONDON: Malaysian 5%ffa bulk per ton me aGTslr OMHstr June Sumatra 5% f fa bulk £C "»> flHalr flMatr 97V871^pdaK)pd June x. July > anw/MSpdvnpd MBatr M7Walr August unch MBpd Nigeria 5H ffa bulk atg URWUiM:
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      276 4 1 v m m a -v. r i: n, A K \\H Pi vO v ov > v* v\^ c t»v* t* V 0> vA $mfr *vN* that's the inevitable conclusion reached in the most comprehensive agricultural survey ever undertaken in Asia. And it will happen sooner than expected within
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  • OVERSEAS
    • Article
      DAILY AIRCRAFT MOVEMENTS
      758 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL MAS MH682 0710 KCH SIA/BA SQ/BA17 0710 LHR/BAH MAS MH621 0840 PEN MAS MH607 0645 KUL SIA SQ101 0900 KUL MAS MH671 0945 PEN/KUL CPA CX710 1006 HLP GIA GA980 1030 HLP SIA SQ1Q3 1045 KUL
      758 words
    • Article, Illustration
      SHIPS IN PORT
      285 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Seta war (2300) 19 Fuso Maru (after Vishva Am bar) 42/43 Johneverett (after Tekoa) 45 Kim Guan (1500) 25/26 Kota Pusaka (after Kota Ratna) 10/11 Lumut (0600) 21 East Ned Hoy d Willemskerk (after Ocean Esperance T/L) 35/36 Nile U (after
      285 words
    • Article, Illustration
      Lock icon The burdens of voting
      47 5 African women carrying their babies lined np to vote in Chirienga, Rhodesia, on Thursday. This village is in an area of high terrorist activity. A soldier kept watch from atop his special open-top armoured car at the rear. UPI photo. Source: UPI photo
      Source: UPI photo  -  47 words
    • Article
      Lock icon US oil imports up in last quarter
      288 5 UPI Reuter DESPITE the 69-day shutdown in Iranian oil production, US oil imports in the first three months of this year was 5.5 per cent higher that the year-ago levels, according to the American Petroleum Institute. The United States imported an average of
      UPI; Reuter  -  288 words
    • Article
      Lock icon Fund for basic products
      249 5 AP NINE WESTERN countries agreed on Thursday to propose a US$75O million (551.65 billion) fund to regulate prices of 18 basic products at the United Nations Conference on Trade and Development (Unctad) next month in Manila. Austria, Belgium, Canada, Denmark, Finland, Holland, Ireland, Norway and Sweden
      AP  -  249 words
    • Article
      London freight
      157 5 THE firm Western undertone persisted but once again led to reticence on the part of charterers. Thus, little detailed business came to light apart from a rather short list of single-voyage fixtures. Nevertheless, these were sufficient to illustrate clearly the firm tones existing in both South Africa and
      157 words
    • Article
      Disarray looms as Miller stays adamant
      604 5 THE UNSUCCESSFUL effort by US Treasury Secretary Michael Blumenthal to persuade the chairman of the Federal Reserve to support credit tightening has led to deep pessimism among several senior economic advisers in the Carter Administration. They are deeply concerned that, in the absence of
      604 words
    • Article
      Massive layoffs threat
      203 5 STEEL FIRMS in the United States have threatened to lay off thousands of workers as the steel-haulers strike gained support from the Teamsters International Trade Union. National Steel Corp said about 3,000 workers could be laid off next week at its Weirton (West Vaginia) plant and Wheeling
      203 words
    • Article
      STREET THUGS!
      107 5 BRITISH Conservative Party leader Margaret Thatcher on Thursday night called trade union pickets vandals who often behaved like street muggers. "In their muddled but different ways, the vandals on the picket lines and the muggers in our streets have got the same confused message: we want our demands
      107 words
    • WORLD IN BRIEF
      • Article
        Lock icon TALEGHANI BACKS OFF
        577 5 Agencies THE AYATOLLAH Mahmoud Taleghani, Iran's most liberal revolutionary leader, backed away from a showdown with the powerful Ayatollah Khomeiny. At issue was the freeranging activities of Khomeiny's revolutionary militiamen who are the only real power in Iran, and who had carried off Taleghani's two sons. On
        Agencies  -  577 words
    • Article
      Lock icon CONFIDENT KREPS ON 3pc GNP
      277 5 NYT THE US Admhriatrattoa expects a ■•derate recovery la grass aatlwl pradact far the aec mi q aarter to aa aaaaal rate af S per eeat er abave, Cemmeree Department ecaaimlat William Cax said. He aad Cemmeree Secretary Jaaalta Krepa said that despite the 1.7
      NYT  -  277 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      694 5 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated In Singapore) notice Of Exrmnummir general meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting will be held at the 19th Floor OCBC Centre, Chulia Street, Singapore l, on Saturday, the 26th May, 1979, after the conclusion of the Forty-Second Annual General Meeting of
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  • Article
    Repair damage by closing ranks
    455 6 SINGAPORE'S shiprepair sector is in a privileged position compared to other parts of the shipbuilding and repair industry. It managed growth of 0.7 per cent which, though marginal, is exceptional in this time of recession. And chances are, shiprepairers in Singapore will continue to attract
    455 words
  • Article
    Asean companies make good sense
    314 6 TUN TAN Siew Sin's proposal to have Asean companies accorded trading privileges within the region is an excellent idea which ought to be pursued with great vigour. There are substantial private sector interests in Asean which would welcome the chance to invest in all the
    314 words
  • Article, Illustration
    Lock icon Modernisation: the perils facing Mr. Deng
    1022 6 UPI CHINESE Vice-Premier Deng Xiaoping's ambitious drive toward modernisation is creating new challenges to China's stability, already threatened by the scars of a turbulent decade. China's official media in recent days have announced that the turmoil which wracked China from the beginning of the
    UPI  -  1,022 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      269 6 BUSINESS TIMES Where to wine, dine and entertain... übertutf (Ml f For lunch. For dinner. For a richly rewording experience. Businessmen s Lunch Mondav to Friday SIN V* CF.SS Javanese Kijstafei Saturdav <!v Sunda< Slh ;Vf. CF.SS For reservations ca!.' A7*-)t>77 ViKnn l'iii-k Slhthloii A L (S) B Ik shf'-a*
      269 words
    • Advertisement
      Page 6 Advertisements Column 2
      71 6 Let DANNY KOH. our award-winning resident pianist and the TWO CHORDS entertain you as you relax in the rugged and adventurous atmosphere of 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
      71 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      26 6 Bri Stow: FmnK kckens Xp< CO jr* CP>NT just D\SP*pfltßß OFf Vt Of Tv€. Ssnf KetP" Quiet.... M [G£*ti£M£« I IJUiOk II o < lccs Piivy &p<me3
      26 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      768 6 Slow-motion soccer AN ANGRY seeccr tea points out that RTS wfll ke shswlag a repeat of the Stagapore-Pahaag match on televlslea today (3.45pm, chadfcel 5), whea there have been two good matches la Singapore this week there was the Slagapore-Pertis match ea Tharsday, aad the Singapore-Permit match last Sunday. Sarely
      768 words
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  • Article, Illustration
    Confronting a world of vast differences
    837 7 Alter a quarter century of development aid, the gap between the rich and the poor nations remain as large and seemingly as unbridgeable as before. The latest issue of the WORLD BANK ATLAS, which tabulates economic data of the /vast majority of Jhe nations
    837 words
  • Article
    STRAWS IN THE WIND
    356 7 Conferences and seminars are not always as profitable as might be hoped even for the organisers. A common complaint from Tjtlsy delegates is that they spend too much of their <frne between sessions and the obligatory lunches, Slbl and coffee breaks and, lwt infrequently, dinners. Anyone
    356 words
  • Article
    WORLD LEAGUE
    263 7 LESS thai $2M: Afghanistan, Bangladesh, Benin, Bhutan, Burma, Burundi, Cape Verde, Chad, Cameras, Ethiopia, Gambia, Guinea-Bte-sau, India, Laos, Malawi, Maldives, Mali, Mozambique, Nepal, Niger, Pakistan, Rwanda, Sierra Leone, Somalia, Sri Lanka, Tanzania, Upper Velta, Vietnam, Zaire. $2M-S4M: Angola, Botswana, Cameroon, Central African Empire, China, Dominica, Egypt, Equatorial Guinea,
    263 words
  • Article
    Developing a case for more legislation
    944 7  -  FOBUMi ...with John Tan IT SEEMS inevitable that when a law, any law, is passed, someone is certain to be aggrieved. Would it not make sense, then, to have no laws at all, because no one would then be offended? Indeed, a considerable body
    944 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      94 7 Where to wine, dine and entertain... few G.) 1 i< 1 111( )'S lu\c:i ii x SIl)i:R( )ARI) S» t Hit <AM)I v K < Hill I|< I < ilsi* < \IHJ« l| II X S|< It i Uf< I II M lIU I W lltM OU w.ini \onish \<
      94 words
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      Page 7 Advertisements Column 2
      77 7 Everything's here at the Mirabelle 1 v S *!> -i. /v r t it 1 ■n I A <4 •ffir! 4 bW All the ingredients for an enchanted evening are here. Superb Continental cuisine and choicest vintage wines. In an elegant and romantic atmosphere complete with candlelight and strolling minstrels.
      77 words
    • Advertisement
      Page 7 Advertisements Column 3
      66 7 When the sun goes down let the MIDNITERS entertain you with tsssffiKgt*' t J 9 ff :v. A V *> A A terrific, top-rote 3-piece bond entertoins ot the VANDA BAR. the cosiest woterhole owoy from the city! 3$ VANDA BAR HAPPY HOURS spm Bpm daily Generous 30% discount on
      66 words
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      Page 7 Advertisements Column 4
      49 7 -v t 7 T »If *4. '<.» k '-i i > 4 > T 4k y :v < x Celebrate your engagement, wedding, birthday or any other special ocawon with speciality cake* by renowed pastry cooks of Hotel Royal Ramada. let us make your happy moments remembered. (jonracT: rot o
      49 words
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      Page 7 Advertisements Column 5
      39 7 I N^, c Mixed drinks our Speciality Weekdays Sundays 11 a.m. 11.30 p.m. Saturdays 11 a.m. 1 a.m. f A HAPPY HOURS 3PM -7PM 20% discount 4 r ee irtbfts HOTEL TAI-P AN 101. Victoria Street. Singapore Telephone: *****1
      39 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon AMC hits record
      182 8 Reuter AMERICAN MtUn Csrperstiee, aided by eoattamiag high irmtmi far jMpif hss ptpwtcd rM#rd m- >, |A_ iI,M--prtoii rrtfli iv ly rinf h far the weid fiscal qurter ever the comparable year-*go peried. The smallest U8 hased ear maker, AMC said Its operattag prsflt far the peried
      Reuter  -  182 words
    • Article
      Oil and gas unit lifts Occidental
      146 8 OCCIDENTAL Petroleum Corp said the sharp increase in its first quarter net was due primarily to its oil and gas division, whose earnings nwe to US$B6.6 million from $38.9 million a year ago. It said the division's improvement reflected increased earnings from Peru and
      146 words
    • Article
      Lock icon C'wealth Edison seeks 18pc rate increase
      201 8 Reuter COMMONWEALTH Edison Co chairman Thomas Ayers said after the annual meeting that without requested rate relief 1979 earnings could fall to between U552.75 and US$2.BO a share from last year's $3.30. The company has requested an 18.3 per cent rate increase and is
      Reuter  -  201 words
    • Article
      MERGER COMPLETED
      65 8 UNION Baacerp lac said its merger with Staadard Chartered Baak Ltd was completed far absat USs37€.s million sr $33 a share. The Association sf Ualsa Baak, the ma Jar sabsidiary sf Union Baacsrp, with the Staadard Chartered Baak group will resalt la the grasp's total assets exceedlag $24
      65 words
    • Article
      Chrysler- Mitsubishi talks completed
      151 8 ChryslerMitsubishi talks completed CHRSYLER Corporation said it completed talks with the Mitsubishi Motor Company and the Mitsubishi Corporation for the Japanese firms to acquire one third of Chrysler Australia Ltd for US$3O.2 million. The previously announced acquisition plan will be made through an increase in Chrysler Australia's capital by <«aHng
      151 words
    • Article
      Lock icon Kraft gains
      40 8 Reuter KRAFT Inc said international operations contributed a very significant portion of its first quarter earnings gain. It said US operations showed continued strength, but noted that Canadian operations were down slightly due to higher operating costs. Reuter.
      Reuter  -  40 words
    • Article
      Lock icon KAWASAKI STEEL SEES STEEP EARNINGS RISE
      421 8 Reuter KAWASAKI Steel Corp expects to report a profit before tax and special items of 37.00 billion yen for the business year ended this March 31, compared with 285 million yen the previous year, on sales of 960 billion yen, against 935.05 billion. International
      Reuter  -  421 words
    • Article
      Lock icon Thomson's bid for Hudson a success
      199 8 Reuter THE THOMSON business empire, owned by the heirs of the late Lord Thomson of Fleet, said it has won control of the Hudson's Bay Company, a historic furtrading firm which controls a large chain of Canadian department stores. A Thomson bid for 75
      Reuter  -  199 words
    • Article
      San Miguel's expansion project
      105 8 SAN MIGUEL said it will raise about 207 million peso 6 for its expansion plans through the sale of about 5.8 million Class A and 2.44 million Class B shares. The shares will be sold at the pre-emptive price of 25 pesos about 35 per cent
      105 words
    • Article
      Many investors discouraged
      1223 8 NEW YORK STOCKS retreated in moderately active tradlog on Thursday as a soft market was further undercut by a late sell-off In blue chip and glamour issues Analysts said a number of traders were discouraged by the inability of the market to advance despite a string of
      1,223 words
    • Article
      TORONTO
      205 8 APR It C» Abiubt IT Alran 41 Algonii ■i Bank Monl 24 unch Bank Nova Scoua a unch Bell Tel n •pit -44'• Beth Corp BP Can Ud ZH n Brascan 23 Camp Red Lake 37' Can Imp Bk 27' unch Canpac 29 unch Canpac Inv Pf B unch
      205 words
    • Article
      JO'BURG
      289 8 APR 18 Rand INDUSTRIALS A Alpha 155 Aberrom 220 4-5 AE And CI 435 5 AMIC 1500 25 Barlows 500 IS Cg Sugar CNA Currle Finance I 103 unch De Beers Ind 1515 Edcon Edgars Eveready 287B unch Fed Volk 210 unch FugU 112 unch Gardian Gienanl Gratemn Hippo
      289 words
    • Article
      Lock icon Active buying boosts prices of blue chips
      628 8 TOKYO Source: DBS-Daiwa BLUE chips including car, light-electrical and pharmaceutical issues opened higher on active buying by individual and some institutional investors, reflecting yesterday's bullish mood. Neglected drugrelated issues such as Sanraku Ocean, Toyo Jozo and Kureha Chemical also gained. In addition, low-and
      Source: DBS-Daiwa  -  628 words
    • Article
      Hongkong
      271 8 APR 20 HKS Amal Rubber 330 0.1 Associated Hotels 2.10 Bo waters Cheong Kong I s ss unch rhm? Fn|« 255 0.05 China Light 21 00 0.1 City Hotels City Urban Z 130B unch Comsopol 144 Con P 4 S Cross Harto Tunnel Z 870B ♦0.1 East Asm Navif
      271 words
    • Article
      Bangkok
      308 8 THE stock market closed lower as trading activity dropped, dealers said. Raja Finance fell 34 baht to 664. South Asia Fibre 34 to 194, Consolidated Electric 24 to 230, United Thread 15 to 151, and Bangkok Investment and Asia Credit eight each to 288 and 284 respectively. Other lasers
      308 words
    • Article
      Manila
      86 8 APR 20 Pesos 0006 Alias Con. A Atlas Con B 25 00 unch Baguio Gold 0106 uneh Benguel Con B 28 50 unch 2300 2300 0 -5 Inco B Lepanto B. 26 -0 005 Mannduque B 1000 *0.3 23.00 02 Oriental A Oriental B 086 0 001 059 0
      86 words
    • Article
      Selected indices
      55 8 FINANCIAL TIMES INDUSTRIALS Thursday Wednesday 534.4 Week Ago 538.7 DOW JONE8 AVERAGE INDUSTRIALS Thursday Wednesday 800.27 Week ago 871.71 LONDON DOLLAR PREMIUM Thursday Wednesday 52 W to 53 H.K.HANG SENG Friday Thursday 530.54 Week ago 528.85 SYDNEY INDUSTRIALS Friday 1 Thursday ***** Week ago 482.45. ALL ORDINARIES Friday
      55 words
    • Article
      Sydney
      328 8 THE market closed lower yesterday with interest rate worries and lack o( strong overseas institutional support depressing stocks, dealers said. BHP fell 18 cents to Af9.34, CSR and Bank of NSW five to $3.55 and 13.27 respectively, CRA 10 to 13.35, Ampol Exploration 10 to 11.50 and Woodskie four
      328 words
    • EUROPEAN MARKETS
      • Article
        Zurich
        186 8 APR 19 Francs Actions Suisse* 301 unch Alusuisse Br 1400 -to Alusuisse Reg 587 -1 Brown Boverl Br. 1000 unch Clba Gelgy Br. 1300 unch Clba Gelgy P C 1000 -> Clba Gelgy Rf| 710 unch Credit Suisse Br 2215 *5 Credit Suisse Reg 430 *2 Elektrowati Br. 2040
        186 words
      • Article
        Paris
        272 8 APR IS >T» CORBEILLE Air-Liquid* 3*3 1 B S N Gervais Da none 578 12 CSF (ThomionCaf).... 308 4 Cle Francaise <te% Petrole* 164 0J Comptfnw Financier* Compagnie Generate 3S2 2 Credit Foncier De lYance 429 -13 H ache tie Libra trie) 247 unch Machine* Bull oojo -08 Michelin
        272 words
      • Article
        Amsterdam
        160 8 APR 19 rk ABN 367 00 ♦OJ AhtM in9 *> ,1 A kio 30 10 ♦OA AM FY r,3D -(Li A ui (js ***** ♦OJ Amroc Bank 73 80 02 Brrtaa flOOO *2 Berk r7 JO 0J Bol» ">** unch BorMimij 170 00 -Oi Bur h munn 70 00
        160 words
      • Article
        Frankfurt
        224 8 APR 19 Aef-Tfkfunkrn Akxo urn 8S00 *0.1 28 00 unch Allz Lrbrn MOO Allz Ver* 488 00 +2 JASK 1*00 »0J lay H T Wbunk 286 00B +li lay Vbunk 2KJ0 layer ***** ♦0.6 1BC' 279JO unch —B i moo *i L'hfin Verm 287 00 -1 Com merzbu n
        224 words
      • Article
        Brussels
        70 8 AFK i» m FORWARD MARKET Acre 42* -2 Arbrd MK 1J AMur 630 ham (Ob 1700 770 ♦2 Cock 486 -3 213 2406 5 Elecirobel 6870 10' Gb-Inno-Bm 2650 10 Gev 1380 unch 3230 9b 4330 15, 2TH5 810 Soc G*n Brig 2030 -20 r 3580 »ao' Solvuy A
        70 words
      • Article
        Milan
        105 8 APR 19 Lire Anic 30.25 025 Auior Grn ***** 470 HiiklOfl <M 1 CVntralf 4560 00 Kul 2738 38 Kin*Kler 160 4 75 Grn Inunob AS 50 2-25 m Pn 2196 45 1 later men li ***** 19a IlulKiis 748 183 lUUtder 385 7 Magneu M Pf 550 11
        105 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      397 8 SANDYJAWKES /six KILLING TIME by Sandy Fawkes Sandy Fawkes felt like screaming inside. The man she'd spent six days and nights with "a cross between Robert Redford and Ryan O'Neal" had just been revealed as a mass murderer, rapist and a pervert. Sandy lived to tell her story because the
      397 words
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  • BANKING AND FINANCE
    • Article
      FNBC makes it on securities deals
      881 9 FOREIGN BANK RESULTS FIRST National Boston Corporation, (FNBC) parent company of the First National Bank of Boston, has reported that income securities transactions for the quarter ended March 31 rose to US$2O million or $1.62 per share, a 37 per cent over the 114.4
      881 words
    • Article
      Warning over CD rates
      181 9 THE Japan Fair Trade Commission has waned the Finance Ministry and Japanese banking industry banks sbeald aat pre-arrange their interest rates far negotiable certificates of deposits that will be issued far the first time la mid-May, hanking sources said. The commission will tolerate the preseat rigidly-controlled
      181 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        489 9 THE US dollar displayed signs of renewed strength on the foreign exchange market yesterday, after the last few days of losses. Boosted by news of a Japanese trade deficit for the first 10 days of this month, the dollar reaped in a 1.5 yen gain. After a morning
        489 words
      • Article
        Treasury bill tender
        50 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from April 23 to April 27: Offered: $15,000,000 Applied for: $44,000,000 Allotted: $15,000,000 Accepted bids: $98.90 approximately 22 per cent; higher bids in full. Average rate of discount on allotment: 4.375 per cent per annum.
        50 words
      • Article
        Tokyo
        91 9 THE US dollar for overnight delivery yesterday closed sharply finner at 216.80 yen compared with a 216.50 opening and 215.70 at Thurs-day's-close, dealers said. Trading volume was a light US$47B million, without central bank intervention detected, the dealers said. The dollar for immediate delivery last traded at 216.70 yen,
        91 words
      • Article
        Asian $ rates
        136 9 Asian rates ASIAN currency deposit interbank rates as at close on April 20: 7 days 1 months 2 months 3 months S months 9 months 12 months US DoIlar*(Spot) Offer Bid 10 5/16 103/10 107/16 10 5/16 100/16 107/19 10H 10 Vj 10* 10H 1011/16 10 9/16 1011/*****/16 1 month
        136 words
      • Article
        Gold
        301 9 SINGAPORE gold futures yesterday closed easier compared with the overnight closings in light trading, dealers said. Opening quotations were marked down around US$l.5O following the metal's overnight weakeness in New York and thereafter eased marginally on the day in line with the lower Hongkong trend, they said. Turnover fell
        301 words
      • Article
        MLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • Article
        Discount
        54 9 RANGE oi prices offered by discount house* on April 18: Overnight 3% to Call deposits 4'*% C lot in f Bajriag 9«Uis« 3 month Treasury bills 4' 4H 3 month Bank bills 7 Mi 7 v. 3 month CD 7 6 7 6 month CD 7 1 7 Source:
        54 words
      • Article
        Australia/NZ
        63 9 QUOTES on the Australia and New Zealand exchanges on April 20: AUSTRALIA: US dollar 1.1104/1.1064 Sterling 0.5373 0 5310 Ninety-day airmail buying rates: Sterling 0.5580 US dollar 1.1«B Ninety-day forward buying rates: Sterling 0.5429 US dollar l.lllt NEW ZEALAND: Reserve Bank midrate U5J***** Trading Bank lncttcatkm. Sterling 0.5077 0.5047
        63 words
      • Article
        Frankfurt
        52 9 FRANKFURT exchanges opening quotes on April 20: US 1.8040/47 (1.8900/10) Can 1 6580 00 Stg 3.928, 938 D F1 92.27 37 S Fr 110.21 41 Lit 2.243 253 F Fr 43 49 59 N Kr 36.82 92 B Fr (coo) 6 293 03 B Fr (fin) 6.190 200 Yen
        52 words
      • Article
        Hongkong
        207 9 THE HONGKONG dollar yesterday was quoted at 5.1600/1700 against the US dollar, stronger than an earlier 5.1900 low but below its 5.1440/60 close in the US overnight, dealers said. However, erratic movements in highly nervous conditions seen earlier this week are no longer in evidence and trading has calmed
        207 words
      • Article
        London
        107 9 THE DOLLAR yesterday opened firmer on overnight levels after strengthening in the US and Far East markets, dealers said. The US currency continued supported by Thursday's US gross national product data which indicated a slowdown in growth and consequently reduced inflation fears for the US economy, dealers added. London
        107 words
    • Article
      US rates forecast to rise next month
      247 9 US INTEREST rates wtli remain stable far a time as the Federal Beaerve eewalc data, maaey market analysts fereeact. Thqr said the eredft markets have retaraed Is a mere evea heel riaee It heeaam eppsrral that the Federal Opea Marhet Cemmlttee did ast
      247 words
    • Article
      Capital markets keen on Asean
      625 9 BANKING CONFERENCE ASEAN's good credit rating is likely to get even better in the future, says the joint general manager of the Amsterdam-Rotterdam Bank NA, Mr. G. E. Loudon. Speaking on the "Asean countries and their attractiveness in the international capital markets" at the South-east
      625 words
    • Article
      Asian $ market thrives
      338 9 Asian market thrives THE revolution in Iran and the subsequent oil price increase have caused scarcely a ripple in the Asian dollar market. This certainly provides a contrast with the effect on the market of the quadrupling of oil prices and other major market disturbances in 1974. Speaking at the
      338 words
    • Article
      Marine Midland optimistic of HK deal
      248 9 MARINE Midland Banks Inc expects approval soon from the New York State Superintendent of Banks Muriel Siebert on its agreement with Hongkong and Shanghai Banking Corp, chairman Edward Duffy told the annual meeting. Under the agreement, Hongkong and Shanghai will acquire about 51 per
      248 words
    • Article
      Lock icon CHINA LIGHT SIGNS UK EXPORT CREDIT DEAL
      867 9 Reuter A US$2ll million loan guaranteed by the UK Export Credit Guarantee Department, was signed between the China Light and Power Co Ltd and J. Henry Schroder Wagg and Co Ltd, manager of the loan, Schroder Wagg said. The loan will back a
      Reuter  -  867 words
    • Article
      Lock icon Management of Tokyo bonds under fire
      345 9 Reuter THE Bank of Japan's policy board has requested the Finance Ministry to improve its overall national bond management for the smooth digestion of large national bond issues, Central Bank officials said. The request was made following the board's decision earlier this week to
      Reuter  -  345 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      0 9
      0 words
    • Advertisement
      Page 9 Advertisements Column 2
      146 9 I ininu Study with the OfOS UNIVERSITY DRRMDSiriDV WR PREPARATORY SCHOOL f—■—-■— I TORONTO, ONTARIO UPS specialises in preparing overseas students for Grade 12 and 13 Examinations leading to entry to Universities and Colleges in Canada and USA. UPS is registered with the Ontario Ministry of Education and its Credit
      146 words
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  • Article
    DEALS DONE ON THE SES AND KLSE
    1392 10 "In Singapore 3ID and offer prices officially dialed and business In and revolted to the Stock Exchange of Singapore yesterday with the number of shares traded shown }n brackets In lots of 1,000 units Unless otherwise specified. All Time Settlement Contracts are quoted
    1,392 words
  • Article
    SHARE INFORMATION SERVICE
    2517 10 Gr*a Gr'a Nat 1VTV Lut Dhr Dtf Y*ld P/B Vol Day Hich Low Coapujr Sal* +or- CTT COOO) Hl«h Low SECTION ONE INDUSTRIALS 2S3 207 Ac ma 238 12.0N 15 5.0 25.8 180* 123* Alcom 180 unch 10.0 2_2 5.5 24.0 I 180 180 142 110 Allied
    2,517 words
  • Article
    Government bonds
    128 10 4 1/1% 1/8/80 (290X100) (99 408 *****) 4 3/4% 15/9/80 (250.000) (99 628 99 706) 6 1/4% 1/3/81 (250.000) (lOOlftß 100.255) 6% 18/4/81 (250.000) (***** 99 70S) S*TF 1/ft/83 (250.000) (*****8 100-206) ft 3/4% T F 1 ft/8/81-84 (250.000) (101 70S) ft« 13/11/84 (250.000) (100 008 100 05S)
    128 words
  • Article
    Stock options
    96 10 Striking prices of the option officially lifted on the Stock Exchange of Singapore yesterday, the period, bids and offered price® and business done, if any, with the number oI options traded shown In brackCsM H— 11 (June 12.00) (0.358 0.485) C C (June 12.60) (0.588 0.685). Bum P
    96 words
  • Article
    In Kuala Lumpur
    1580 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of share* traded shown in brackets in lota of 1,000 units unlees otherwise specified Aeaa(llOB) AJaeassSe (MSB) Aieees (1MB) (1) L*T (1) I.M A Cfcee (1.318
    1,580 words
  • Article
    COMPANY MEETINGS
    61 10 TOSHIBA (M) BM: EOGM to be held at No. SC. Jalan Gumey, Kuala Lumpur at 9JO a.ra.on April 21. Malayaa CiIIn BM: AGM to be held at 10, Jalan Tandang, PetaliBg Jaya, Selangor at 2.15 p.m. on April 25 Dukf MakfiM ladaatrlea Bfcd: AGM to be held at
    61 words
  • Article, Illustration
    Light trading across the board on SES
    781 10 THE BINGAPORE stock market started sa a slightly frier sate yesterday with latere* picking ap stowty as toiiag Investors were saly Interested la a few seieeted stocks aad, except far these, there was light tradlag aeress the beard. "The marhet eUsed steady yesterday.
    781 words
  • Article
    KL closes on steadier note
    369 10 LIGHT BUYING interest helped prices to regain some lost ground on the Kuala Lumpur stock market yesterday. Trading was, however, hesitant with market operators stiH uncertain of the way prices would move. Price movements, as a result, were erratic during the day and shares generally
    369 words
  • Article
    Unit trusts
    77 10 LILIluIJI INCOME BOND UNIT (Carrwrtprtm) Income Bond 109 I.1S MARA BUMPUl (M■■an' prtBM IRA FUND tarAfrV) Pint B putra Second B putra Third B'putra Fourth B putra Fifth B'putra Sixth Bputr* (A) Shin aft B'putr* (A) Seventh B putra B > Ettbth B'putra (B) Ninth B'putra Tenth B'putra
    77 words
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  • COMPANY NEWS
    • Article
      Olympia Plywood offers one-fortwo bonus issue
      259 11 Olympia Plywood offers one-for-two bonus issue OLYMPIA Plywood has reported a $1 per cent drop la after-tax profit to $111,825 far the year ended Oct. $1, 1178, bat has sweetened the had news with a eae-fer-twe boons lane. Warnings were down despite aa 8 per cent rise la tornover daring
      259 words
    • Article
      SALE OF M.U.P.P BOOSTS SOVRAN
      146 11 EARNINGS grew strongly at Sovran Industries during the first six months to last Dec 31, with unaudited group pre-tax profit surging 156 per cent to M 5969.700. However, group sales rose only 21 per cent to $3.65 million ($3.02 million). Although no indication has been
      146 words
    • Article, Illustration
      SEA Lumber's new vigour sets it apart
      729 11 SPECULATIVE INTEREST AN interesting situation appears to have developed in South-East Asia Lumber; the share price, which rode along with other timberbased stocks to new highs recently, still commands good speculative interest while the others have receded into the background. In fact, SEA
      729 words
    • Article
      WHY NO DIVIDEND?
      97 11 SOUTH-EAST Asia Lumber, in response to exchange queries has mentioned several factors which have influenced its decision not to pay an interim dividend despite a doubling of pre-tax profit to M 52.43 million in the six months to Dec. 31, 1978. As explanation, the group said it
      97 words
    • Article, Illustration
      Timber-based stocks grow apace
      549 11 TIMBER-BASED stocks, riding on high timber prices, have shown substantial gains since the beginning of the year. These stocks, with an average gain of 25 per cent, have generally moved ahead of the industrial indices. Leading the field are South East Asia Lumber Corporation, North Borneo
      549 words
    • Article
      DIVIDENDS ANNOUNCED
      446 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year M Breweries 8* I Apr 8 Apr 18 Apr 21 8% 28% UOB 7.5% Mar 14 Mar 21 Apr 21 12.5% 12.5% UOF 10%(b) Apr 2 Apr 7 Apr 21 10% UOI
      446 words
    • Article
      SCRIP ISSUE
      226 11 Company Particulars Ex Date Books Close Dunlop Eat P. Product* Ajinomoto Toshiba L'td Plant Bovis SEA OUB OC BC HK Land Apollo Mai Flour Olyrapia Bonus Issue of 1 for 5 Bonus Issue of 1 for 4 Bonus Issue of 1 for 10 Rights Issue of 3 for
      226 words
    • Article
      NO INVESTOR CAN IGNORE SOUTH EAST ASIA
      665 11 SOUTH-EAST ASIA is "an area that the seriously minded international investor cannot afford to ignore." This is the opinion of Mr Peter Robinson, Investment Director of M A G Ltd, the big UK investment fund. Speaking yesterday at the FT/BT Banking and Finance
      665 words
    • Article
      Lock icon Why leash the cat?
      412 11 imnj-a SSIMSCL™ HOCK LOCK SIEW IT BEEMB laenflUe that Haw Pw aad Setrea have uked Ike Btoek Exehaage at trading la tMr aharea. Nwrttirtte'ea! la eat aT Ike hag, II appears aareaaeaable te have It leaahed. Beqaeeta tor aaapeaatoa aheald always he made whea lalermatlaa material
      HOCK LOCK SIEW  -  412 words
    • Article
      FANCY TILE Works Bhd:
      38 11 Pre-tax profit of $1.01 million (1977: 738,860) for the year ended Dec 31, 1978. The after-tax profit was $978,092 ($739,360). The directors have recommended a first and final taxexempt dividend of 5 per cent.
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    • Article
      BANDAR Raya Developments
      140 11 in reply to queries from the KLSE, said that although the FIC and CIC have approved the acquistion of two free-hold properties from the Malaysian Multi-Purpose Co-op Society on Nov 29 and Dec 4, 1978 respectively, no agreement had been entered into, as Multi-Purpose was not happy
      140 words
    • Article
      SOVRAN Industries Bhd
      125 11 which recently announced the sale of land by its subsidiary, Malaysia United Paper Products, to Dutch Baby Milk Industries (M), is being queried by the KLSE on the basis upon which the consideration of $2.97 was arrived at, and to furnish a copy of the valuation report
      125 words
    • Article
      SIN CHEW Jit Poh (S):
      38 11 Net 1978 profit $2.40 million ($1.05 million) on turnover $21.02 million (117.84 million). First and final dividend 12 per cent gross (6 per cent) payable on June 20 to shareholders registered June 7.
      38 words
    • Article
      UNITED Malayan Flour Mills:
      73 11 Unaudited group profit before depreciation M 5980.835 ($1.76 million), for half year ended Jan 31, on sales 116.45 million ($16.47 million). The parent company's profit before depreciation was $1.31 million ($1.93 million) on sales $9.53 million ($9.12 million). Company said lower profits were attributed to keen
      73 words
    • Article
      SOUTH Pacific Textiles
      46 11 has yet to confirm the transfer of all the spinning machinery to Soutex Sdn Bhd. The KLSE in its letter on April 13 asked SPTI to confirm the relevant authorities have approved the transfer value of $3.3 million. Yesterday's report was wrongly reported.
      46 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      195 11 Mathematics and Statistics in Penguins Mathematical Carnival: Martin Gardner A piece of solid iron in the form of a doughnut is heated. Will the diameter pf its hole get larger or smaller? Just one of the maddening but uniquely entertaining puzzles that make up Martin Gardner's latest collection. The range
      195 words
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  • Article
    'Bank on the private sector'
    490 12 SOUTH-EAST ASIAN BANKING AND FINANCE THE CHAIRMAN sf Stme Darky, Tu Tu Stew Bta, gave reseuadlag "yes" to the qaesttea, "Cm the private aeeter make Aseaa a reality mere quickly thaa gevenuneato eaa?", which was alee the theme sf his paper preeeated at the Ceafereaee
    490 words
  • Article
    Reality of superpower clashes must be faced
    324 12 THERE are considerable prospects for stability in the region in the future but these cannot be divorced from the uncertainties of the great power relationships prevailing. This is the verdict of Mr Harvey B. Stockwin, a freelance specialist in Asian affairs, who spoke
    324 words
  • Article
    Local, foreign capital both important
    260 12 THE FURTHER economic development of Asean will depend increasingly on the formation of domestic and foreign investment capital. Direct foreign investment will continue to play an important role even with the encouraging future development of domestic capital formation. This was observed by Mr Richard Miles
    260 words
  • Article
    Lock icon Asean accounts for 5.8 pc of Manila trade
    575 12 AFP PHILIPPINE trade last year with its Asean partners accounted for only US$47B million (5&.05 billion) out of a total of |8.16 billion or 5.8 per cent of the total. The Philippine central bank 1978 annual report said the country last year
    AFP  -  575 words
  • Article, Illustration
    Lock icon A SORRY SIGN OF THE TIMES
    48 12 Signs like this one are a familiar sight in the Los Angeles area as the petrel shortage becomes more acute. Other stations are closing (or the weekends and limiting the amount of petrol a customer can bay. AP photo. Source: AP photo
    Source: AP photo  -  48 words
  • Article
    Lock icon China serious on oil tax structure
    297 12 Washington Star CHINA appears to be serious about adopting a tax on US petroleum companies to accommodate the corporations' wishes to reduce their US tax liabilities, according to a member of a prominent international law firm. Mr Benjamin Fishburne 3rd also said China is
    Washington Star  -  297 words
  • Article
    LONDON STOCKS
    836 12 LONDON, Fri. The market closed firmer following light support at the lower levels, dealers said. At 3 p.m., the Financial Times index was up 4.1 points at 534.3. Equities attracted some buyers having eased for the past three trading days. Operators were speculating that the next account, which
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  • Article
    Lock icon Japan opens door to US telephone equipment
    184 12 UPI JAPAN'S giant telegraph and telephone company expressed willingness yesterday to allow American firms to take part in an open bidding system for procurement of main components of communication equipment. The move by Nippon Telegraph and Telephone (NTT) was designed to ease economic
    UPI  -  184 words
  • Article
    Lock icon Smaller slice for Tokyo shipbuilders
    123 12 AP JAPAN'S share in the world shipbuilding market dropped from 52 per cent in 1977 to 44 per cent in 1978, the Japanese Transport Ministry reported yesterday. The statement was in a report on new shipbuilding orders placed with Japanese shipyards in fiscal 1978 which
    AP  -  123 words
  • Article, Illustration
    Dragon boat festival
    263 12 SINGAPORE will be sending a team to the forthcoming International Dragon Boat Races in Hongkong on June 3. The official invitation was presented by Mr Michael Siow, Hongkong Tourist Association representative for Singapore/Malaysia/Indonesia to Mr Tan I-Tong, chairman of the Singapore Tourist Promotion Board, on Thursday. Mr
    263 words
  • Article
    Cargo volume takes an uncharacteristic dip
    299 12 THE VOLUME of cargoes handled by Singapore's six gateways took an uncharacteristic dip in February to 5.5 million freight tonnes (FT) compared with 6.6 million FT in January. This, however, was a 14.2 per cent increase over the same month last year when the
    299 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      56 12 Outlook for Singapore from 6 a.m. to noon today: Scattered showers in late morning Report tor 24 prior to U pm. April 29 at the Airport. Maximum temperature 30.9 Associated humidity 76 Minimumtemperature 23.4 Associated humidity 96 Hours of sunshine 2.85 Rainfall in millimetres 3.18 Total rainfallthe month 159.1 Total
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  • LEISURE TIMES
    • Article, Illustration
      Yes, I will go fly a kite
      1416 13  -  By SHAKIB GUNN TO ME KITING is a spiritu- al thing. Feeling the gentle tug on the line, the kite becomes an j extension of one's inner self. I When your kite is pulling away at 100 metres in a j gentle breeze
      1,416 words
    • Article
      Deskination dreamland
      761 13  -  By TYE KIM KHIAT SINCE my colleague, Tsang Sau Yin, who writes the Destination Column is on leave, I shall attempt to squeeze in some of my travel notes on the desktinations that I have visited, all from within the confines of my office. By contrast, none of
      761 words
    • Article, Illustration
      All fun and laughter at Volvo motoring vacation
      873 14 The Volvo agents in Singapore, Malaysia and Thailand have jointly come up with an unusual promotion, a motor holiday from Singapore to Bangkok stretched over 10 days for maximum leisure. JOHN TAN, who followed the drivers, reports. WHEN the Volvo people decided
      873 words
    • Article
      Norman simplicity
      629 16  -  WEEKEID GOURMET Franccise D AFTER our excursion to the world of Mediterranean cuisine (Moussaka and Paella) we are going to spend a few weeks presenting dishes from the various regions of France. The first one is "Sole a la Normande", a recipe from the Normandy area, already famous
      629 words
    • Article, Illustration
      For Handel music lovers
      956 16  -  Handel, rated together with Bach and Beethoven as the greatest of German composers, has no less than four versions of his Water Music recorded. By PETER DAVIS NOT SO long ago, Handel was standard fare on symphony orchestra programmes, and few thought to question the propriety
      956 words
    • Article
      RECORDS
      140 16 are brilliant there is an irresistible vitality, bracing vigour and infectious openair boisterousness to the fearless way they tear into the score. If this is how the "Water Music" really sounded in 1717, one can easily understand why George I demanded a double encore. The Academy of Ancient Music
      140 words
    • Article, Illustration
      A car for all reasons at a price you can afford
      785 16 THE CORTINA GHIA 2-litre Automatic is a well rounded car. The company executive will definitely not find this car below his status, the family man will find it suitable for a run-around with the flock, and the sporty-type will
      785 words
    • Article, Illustration
      EVEN HEAVEN CAN MAKE MISTAKES
      459 16  -  FILM REVIEWS By ANTHONY TAN CELESTIAL beagles are rare. Bat wbea aae happens, Jae Pendleton himself Is prematareiy whisked away from Ufe before Ms time. What fallows Is a deUghtfal faatasy that seeres saeeess ea maay levels. Heavea Caa Walt, bow shewlag at Jade, Is
      459 words
    • Article, Illustration
      It's a bird, It's a plane, It's...
      619 16  -  By RAHIM KASSIM IT IS QUITE difficult to place the kind of audience for which Superman, the film, is meant. Is it a kid's movie that adults can go to, or an adult picture that kids can see? To be fair, despite its
      619 words
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      Page 13 Advertisements Column 1
      38 13 Kodacoior 400 film. Taking a ten day holiday with Volvo Page n Rents have been rising in the residential sector m Heaven does Warren Beatty a backhanded favour JV Cooking np a (east fit for a Norman JV
      38 words
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      Page 13 Advertisements Column 2
      224 13 Mfr nhmvi 7 nnnnr (ArnMiAil TDr 0 QOOQ Mb CM THE CRAFT Of SOUND Issue 7 W7WIOI T?4 fdß 1111 illi ri \x A* r -v 70 m no nr <>\ 11 \ls I Os| 11 VI (II \K \CI IK Ol |R \\s|| |s.» DKIOK lON |)()i s I
      224 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      806 13 WHAT WHERE FILMS THIS MORNING, at the National Museum (10.45 am), three one-hour long documentaries titled Walkaboat, Capital Circle Canberra, Viewpoint on Perth will be screened. These films are provided by courtesy of the Australian High Commission. TOMORROW afternoon, at the Singapore Science Centre (Tel. *****16), two documentaries, Mr Son
      806 words
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  • PROPERTY
    • Article, Illustration
      Putting the finishing touch on The Village
      953 14  -  By TEO TECK WENG THE PASIR PANJANG area, though still very much semi-rural in character has become an attractive investment location for private housing developers. One property company venturing into this area is The Village Properties (Pte) Ltd. which is constructing a small
      953 words
    • Article, Illustration
      PROPERTY PEOPLE
      504 14 STRAITS PROPERTIES, the main property arm of the Straits Steamship group of companies, recently made three new appointments. It has appointed Mr Was Faak Ksag, 32, as its general manager. His previous position as property manager is now filled by Mr Eafc ChMg Ylh. Mr Wan Joined the
      504 words
    • Article, Illustration
      You can now visit Mitsukoshi Garden
      468 15 MITSUKOSHI Garden, the Japanese-owned water sports and leisure complex in Jurong Town, was officially opened for business yesterday. The $10 million Mitsukoshi Garden was declared open in a simple ceremony held by the president of Mitsukoshi Limited, Mr Shigeru Oka da. Mr. Okada is
      468 words
    • Article, Illustration
      GOOD SALES PICK-UP
      284 15 THE SALES momentum has been set for one of the largest privately developed residential estates in Singapore, Pandan Valley Condominium. Developers, DBS Realty, wholly owned subsidiary of the Development Bank of Singapore, believe that it will have little difficulties selling off all the 605 units eventually. As
      284 words
    • Article, Illustration
      RISING RENTAL RATES COME HOME TO ROOST
      1039 15  -  After four years in the doldrums, the residential rental market is beginning to enjoy an upturn in business. TSANG SAU YIN examines the reasons for the upturn and describes why apartments are finding greater popularity than houses in this market. TSANG SAU YIN
      1,039 words
    • Article, Illustration
      A pleasure palace in Penang
      593 15  -  For those who want to get away from it all, TEO TECK WENG suggests the ideal location. Set in tropical surroundings at Mount Pleasure, Penang, is a new property development just ripe for investment. TEO TECK WENG FOR THOSE TO WHOM highrise living is anathema
      593 words
    • Article
      Tender war heats up bids for cool sites
      256 15 MORE THAN 150 developers' packets for the land parcels on Marina Centre have been sold under the Urban Redevelopment Authority seventh sale. While tender submission for the main island parcels closed on Mar.ls, the date of submission for the six parcels on
      256 words
    • Article
      Ming Arcade
      53 15 FONG LEE Construction has been awarded a 57.5 million contract for the construction of the•slo million Ming Arcade shopping complex at Tanglin Road. The main contractor is expected to start work on the project early next month. Piling $ork which began earlier will be completed by the end
      53 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      316 14 GOOD READINGFOR ALL PARENTS 'figft'SSs. Learning Through Play is a T book chock full of ideas for i simple games, activities and experiments, designed to help children develop their minds and bodies. Babyhood should be required reading not only for all parents but for every doctor or nurse in contact
      316 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      219 15 ON OFFER RIDGEUJOOD the Most lalkcd About Condominium in Singapore Now Booking! Spectacular 3-4 Bedroom Apartments. Superior Finish. Built-in Cupboards. Kitchen with ceramic tiles, cooker hood, washer and dryer. Sales Prices from $196,000 FACILITIES 6 Farklike hectares A superlative Recreational Area, complete with 2 Pools, 2 Tennis Courts, Badminton, Basketball,
      219 words
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      Page 15 Advertisements Column 2
      424 15 JONES LANG MiT* i 8! OFFICE SPACE TO LET CENTRAL OCBC Centra Close to Raffles Place. Substantial car parking space. Subdivided suites from 85 sq.m. to whole floors of 965 sq.m. Rental from $23.68 per sq.m./ month inclusive. Robinson Road Consecutive whole floors of 356 sq.m. or subdivided suites from
      424 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      30 16 SB6O/MITSUBISHI L^mlJ -U-0 0 For further details, i THE CRAFT OF SOUND Issue 7 NOW! >1 *rr. 3 f eB, (S "70 or Swgwesmie«»e»wi#*ii. Or mw tfnmnrm tanwißi' m w
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