The Business Times, 26 April 1979

Microfilm: NL10129
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) Nb. lit/1/79 THUBBDAY, APRIL 2€, 1979 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Jakarta raises oil price
      52 1 Reuter JAKARTA, Wed. Indonesia today announced increases of between 3.2 and 5.9 per cent in its crude oil, effective May 1. It was the second round of increases announced within a month by the state-owned Pertamina Oil Company. Prices were raised across-the-board at the beginning of
      Reuter  -  52 words
    • Article
      Lock icon Seoul's intention
      77 1 AP KUALA LUMPUR, Wed. The South Korean government has no intention of abrogating its air services agreement with Malaysia, the information attache of the South Korean Embassy here, Mr Lee Jung Bee, said today. He said his government is not opposed to any airline flying into South Korea
      AP  -  77 words
    • Article
      Lock icon Japan's offer
      86 1 Reuter TOKYO, Wed. Japan is prepared to offer a new tariff cut formula that would have the effect of accelerating its plan to reduce tariffs to 3 per cent within eight years, the Ministry of International Trade and Industry said. Mr Shiro Miyamoto, director-general of the ministry's international
      Reuter  -  86 words
    • Article
      Lock icon Malaysia's King
      48 1 AFP KUALA LUMPUR, Wed. The Sultan of Pahang, Tuanku Ahmad Shah, was elected the seventh King of Malaysia. Prime Minister Datuk Hussein Onn who announced the election of the new King, said the oath-taking and signing of the instrument of office would take (dace tomorrow. AFP.
      AFP  -  48 words
    • Article
      New instruments
      88 1 KUALA LUMPUR, Wed. Rank Negara will introduce two new monetary instruments in the money market on May 2. They are the bankers acceptance (BA) and the negotiable certificate of deposit (NCD). According to Rank Negara's guidelines, aBA is not payable on demand but on a specified future date
      88 words
    • Article
      Lock icon TTF suspends boycott
      64 1 Reuter LONDON, Wed. The International Transport Workers Federation (ITF) today suspended a boycott of Malaysian aircraft after the Malaysian government freed the last of 22 trade unionists Jailed during a pay dispute in February. ITF secretary-general Harold Lewis said the London-based federation had received an nffirfai assurance
      Reuter  -  64 words
    • Article
      Lock icon Coll to Peking
      69 1 Reuter BANGKOK, Wed. Vietnam today called on Peking to respond to its proposal for peace talks in the interest of stability in South-east Asia. Radio Hanoi, monitored here, said it was incredible that China had (ailed to show "any gesture of goodwill" one week after Vietnam suggested
      Reuter  -  69 words
  • Chief Price Changes
    • Article
      SINGAPORE
      134 1 Rises Most Active Sthn Malayan 1300 60 S Darby 191.000 Seacorp 1000 50 F ft N 570 15 Tganu Dev 158,000 Metro Hldga 378 12 CoaspUnt 132,000 Suagei Beai Pelaling 900 810 10 10 Pa hang Cons 73,000 Y H S 410 8 Total Turnover: 2.34m Y H S
      134 words
    • Article, Illustration
      KUALA LUMPUR
      146 1 Rises Most Active CasttMMd YHS Inch KK SgBesi SEA Corp KTPau Sg Bagan Troooh G Ropel' IM Text C Stroage YHS (M) S Trading Tongkah Dragon A I 1450 404 670 990 985 358 372 900 275 24 235 296 Falls «ao 400 1 tko» 107 +50 +38
      146 words
  • Article
    Airbus offers to finance SIA
    797 1  -  FIXED RATE AT B.spc b» WANG LOOK KEAH SINGAPORE Airlines is now evaluating a financing package by Airbus Industrie for the recent purchase of six Airbus A-300-Bt The package was believed to have been presented to the national carrier by the sales financing manager of
    797 words
  • Article
    February trade reaches a high
    220 1 SINGAPORE'S external trade experienced strong growth In the first two months of this year with total exports and imports exceeding the same 1978period by over a fifth. The February traditional trade deficit grew to 1650.9 million, on exports of $1,969.5 million and imports of $2,620.4
    220 words
  • Article
    IEE puts stock exchange in the picture
    565 1  -  By FONG MEW LENG THE INDUSTRIAL Electronics and Engineering group informed the Stock Exchange of Singapore yesterday of its decision to cease production at its main manufacturing subsidiary to allow it to undertake group reconstruction. The statement to the SES said attempts have
    565 words
  • Article
    Fourth director
    91 1 A FOURTH Deputy Director has been added to the Trade Department under the Ministry of Trade and Industry. He is Mr Othman bis Eusoff, who will have domestic trade within his portfolio. This includes domestic prices, particularly of essential goods. It is understood that Mr Othman assumed his
    91 words
  • Article
    Courtesy from the bottom of our hearts
    199 1 THE Mill iilii oNrtny Wftp wbleh to to be to—the I m Jim 1 wffi kin at all strata sf sectety. II to ■■irrtoni that the griMto tk» tor the eaapalga will be PraJeetlag Ceartesy the Sbfifanjrty. Stogaa la addMtoa, a Jlagle nwprtlttoß
    199 words
  • Article
    Inchape Bhd drops final dividend
    310 1  -  By MANO SABNANI THE year 1978 was a sad one for Inchcape Berhad, one of the largest locallyIncorporated conglomerates. Going against the grain of the encouraging earnings figures reported by most public-listed companies of late, Inchcape yesterday unfolded a woeful (ale of its performance last
    310 words
  • Article
    Trading in Setron, Haw Par today
    184 1 TRADING IN the shares of Setron Ltd and Haw Par Brothers International will resume today following requests by the two companies that the suspension of trading in their shares be lifted. The suspension arose from a takeover bid mounted by Haw Par for Setron.
    184 words
  • Page 1 Advertisements
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      421 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 16-30: Data processing training, RELC, NPB April 23-27: Detailed Studies of Reinsurance and its Applications, SITC, SITC April
      421 words
    • Article
      LCA holds key to automation in small firms
      509 2  -  By JOHN LIM A MORE realistic alternative to sophisticated, fully automatic operations is lowcost automation (LCA). This concept takes into account the financial and other capabilities of a firm, and the part of its operation that really needs automation. The object of
      509 words
    • Article
      FOUR-DIGIT POSTAL CODE IN JULY
      98 2 A NEW postal code will be implemented on July 1 to handle the ever-increasing mail. This was revealed by Mr Ong Teng Cheong, Minister of Communications, at a presentation of awards to postal staff yesterday. With mail increasing every year, the present postal district numbering
      98 words
    • Article
      We'll do our best, say tour agents
      276 2 THE SINGAPORE Society of Tourist Agents (SSTA) has set up an eight-man sub-committee to study all constitutional matters at the first meeting of its new executive committee. At its Bth annual general meeting at the Mandarin Hotel recently, a new executive committee was
      276 words
    • Article
      Nanyang grads hold executive posts in 3 papers
      240 2 THBEE NANYANG Ualveralty gradaates have meved lit* i—ipritl perttleas la the laeal aewspaper ladastry reeeatly. Aeetrl* lag to Tie Ckrmteki, the uiverstty'a aewmletter, they are Mean Geh Ngiea Wah, Lee Mas mml Mr Geh «u appelated maaager «f the aewty-created Cemmaaity Pnjecti
      240 words
    • Article
      Served on a platter under one roof
      562 2 SENIOR management and purchasing executives from hotels, restaurants and institutions will have an opportunity to shop, compare and learn at the first all-US/ South-east Asia Hotel, Restaurant, Institutional and Fast Food Show and the Hotel-Restaurant Management Conference to be held at the Hyatt
      562 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      278 2 Leader... Page C Swissair has more room instead of more seats. Swissair has taken the decision to have only eight seats abreast in the economy class of its DC-10s, in future as in the past: arranged in groups of two with ample armrests and wide aisles. This means we must
      278 words
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  • REGIONAL
    • Article
      Lock icon MALAYSIA EXPECTS US$1.4B
      104 3 Reuter FOREIGN investors are expected to contribute US$l.4 billion (553.08 billion) of investment under Malaysia's Third Five-year Plan started in 1976, Malaysian Deputy Prime Minister Dr Mahathir Mohamad said. "Some 60 per cent of the expected foreign contribution has already been made, with Japan providing the biggest
      Reuter  -  104 words
    • Article, Illustration
      Lock icon Key speakers at AIT
      63 3 SINGAPORE'S Deputy Prime Minister, Dr Goh Keng Swee, and Indonesian Vice-President, Dr Adam Malik (right), are in Bangkok attending a three-day seminar which opened yesterday at the Institnte of Technology. Both are keynote speakers at the symposium titled "AIT and Asia: The next two decades/' which
      Source: UPI photo  -  63 words
    • Article
      Lock icon A steady rise in Jakarta reserves
      157 3 AFP INDONESIA'S foreign exchange reserves rose steadily after the rupiah devaluation, reaching US$2.9 billion (5?6.4 billion) by the third week of last month, Antara News Agency reported yesterday. The agency quoted central bank officials as saying that the devaluation, the import duty rises as
      AFP  -  157 words
    • Article
      Five paper mills for Indonesia at $2.4b
      780 3 INDONESIA will launch five major projects within the next five years to boost its pulp and paper industry. The total investment for the five projects two in East Kalimantan, and one each in Acheh (the northern most province in Sumatra), central Java and
      780 words
    • Article
      Lock icon Burma oil exports?
      519 3 Reuter BURMA hopes to rejoin the ranks erf the oil-exporting countries after a lapse of 40 years following development of new wells and improvement in transport facilities from the country's most productive fields. Despite increasing domestic demand, government officials are confident that production will be sufficient to
      Reuter  -  519 words
    • Article
      Lock icon JAPANESE READY TO MOP UP ALL LNG
      177 3 Reuter JAPANESE business interests in Jakarta are prepared to purchase all of Indonesia's liquefied natural gas (LNG) output if Indonesia carries out its threat to cancel plans to sell gas to the US, Japanese business sources said. The sources said Indonesia would have
      Reuter  -  177 words
    • Article
      Lock icon Hongkong deficit falls
      82 3 Reuter HONGKONG'S visible trade deficit fell to HKft.ll billion (SS47O million) in March from $1.87 billion in February, compared with $1.04 billion in March last year, the government said. Domestic exports rose to $3.81 billion from $2.43 bil- lion in February and $2.86 trillion in March last
      Reuter  -  82 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      211 3 BMW 7SERIES—IN A CLASS OF ITS OWN W MM :44M ml i f*. V V mm r.j>. TT* >< X *S ■>.~ ■4-i n ■i" mi < '*-> r w" m ?'1 M m m 58 i I 3 m I B n i The unique BMW'Check Control' panel is
      211 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      617 3 TWO-IS 1 A country bird (6) 7 Form of lead door, supposedly golden (8) 8 The story of a gas product (4) 10 Club motorist (6) 11 Help a fool to sit around (6) 14 He sorts out letters from Lionel (3) 16 Swimmers and punters enter them (5) 17
      617 words
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  • RAW MATERIALS
    • Article
      US tin sales may disrupt the market
      543 4 SERIOUS market disruptions are expected to hit the tin industry this year if the United States carries out its decision to release substantial quantities of tin from its general stockpile for sale. The move intended to placate the copper lobby in the US
      543 words
    • Article
      MTE to build a $60m tin dredger in Jakarta
      142 4 MINING and Transport Engineering (MTE) of Amsterdam, an IHC Holdings company, has recently won a US$25 million (about Ss6o million) contract to construct and deliver the offshore tin dredger Belitung 1. The contract was signed with PT Tambang Timah, the Indonesian
      142 words
    • Article
      Produce exchange
      301 4 COMMODITY prices were generally unchanged while sentiment was steadier in the coffee counter on the Singapore produce market yesterday. Coffee traders reported a marginal one to 2 per cent increases in prices with active inquiries received from Europe. In the other counters, few arrivals were reported with prices
      301 words
    • Article
      Soybean
      186 4 CHICAGO soybean futures on Tuesday added to earlier gains and closed higher. Prices were up 13!* to seven US cents a bushel. Traders said prices rallied near the close after stop orders were cleared out and there was no selling pressure on the market. They said prices received support
      186 words
    • Article
      Palm oil
      68 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Malaysian 5*ffa bulk per tonne June Sumatra 5% ffa bulk April May June July August Nigeria 5* ffa bulk stg ROTTERDAM: Sumatra Max 5 April Zalre<Beig francs per kilo) TM 857slr «75*lr 672'. sir/ 670pd
      68 words
    • Article, Illustration
      Lock icon Sugar stirs up a storm in Indian politics
      1217 4 Depthnews SUGAR, like rice to most Asian countries, plays an important role in Indian politics. When sugar prices in the world market rose in 1977, the boom somehow muffled the recurrent political squabbling over the Indian Government's sugar policies. In 1977, India
      Depthnews  -  1,217 words
    • Article
      RUBBER
      517 4 OPENING prices in Singapore yesterday were marked down about 1.50 cents on lower London and Japanese advices but the market later steadied slightly on forward demand. May inquiry, speculative and upcountry buying, dealers said. Values hardened further towards the morning's clone on withdrawal of sellers, they said. The morning
      517 words
    • Article
      RAS PRICES
      360 4 R.A.S. price* In cenU per kUo yesterday: Mm (per kilo) Buyers Sellers Int. 1 R.S.S prompt fob. 284 00 285 OON Int. 1 R.S.S. May 280.00 20JO Int. 1 R.S.S. June 277.00 277.50 Int. 2 R S S. 272.50 *****N UK/Coot 271.50 *****N Int. 3 R S.S 20.50
      360 words
    • Article
      SSR and SMR
      106 4 NOON S8R and SMR pnea yanriay May rraal Mlk) IK »nT Mlk) >ra Sailer* SSR 20 (1-laa palfet) 770X0 272. OON 270X0 272-OON SSRSO 11 too p*U«> 367.00 2W00N 2(7.00 280 OON MRKLB SMR CV (1-laa palbt) 2*7 00 280 00 N 280.00 288. OON SMR SL
      106 words
    • Article
      Rice
      327 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent fjr« class (Kangaroo) kw crop O.K. 100 per cent second dw 0.85, 100 per cent third class 0 80. 25 per cent new crop no stock, B-10 per cent 075 THAI BROKEN: A-super 0.C2. Special
      327 words
    • Article
      Straits tin
      49 4 THE STBAITS tin price 1b Peaaag yesterday reeevered MsB te $1 Jm a pietl. Fallowing Tiesday's fall, values gaiaed slightly ea light Japaaese aid leeal hayings. Tstal vehune ef tin ceaeeatrates,deliver ed fell te 171 teases tram 249 teaaes ea Tuesday with as ratieaiag seen hy smelters.
      49 words
    • Article
      Closing prices
      30 4 Rubber: April 25 Singapore: May: 282.50 cents (up 1.50 cent*) Malaysia: May: 285.75 cents (up 2.25 cents) Tin: $1,968 (up $8) Official offering: 170 tonnes (down 70 tonnes)
      30 words
    • Article
      LONDON MARKETS
      770 4 OfIJSnW: Brokers yesterday reported a very skw start to oils and oilseeds trading and prit* trends were mixed. Easier US and origin markets resulted in a downward reaction in European lauric valuations and buyers remained reserved. Philippine coconut oil was cut from US$25 to $40 and palm kernel
      770 words
    • Article
      Hongkong Comex
      144 4 THE SUGAR futures market yesterday closed firmer in quiet trading, with no trades registered as on Tuesday, dealers said. May closed at 7.60/63 US cents against Tuesday's 7.50/53 dose, July at 8.03/06 against 7.91/94 and March at 9.30/33 against 9.15/18 cents. SuprMmcWng prices: May 7.SO'S3 7.50 53 July
      144 words
    • Article
      Textiles
      192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattaa jm: China Blue Phoenix 20b 2,385 3fc 3,850 40s 3,085 (per bait at 400 lbs). Pteee |iih: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      192 words
    • Article
      Wheat
      150 4 WHEAT futures in Chicago on Tuesday closed higher with prices up 9V4 to six US cents a bushel. Traders said the late rally came on short-covering which also touched off stops on the upside. In addition there was some technical buying. They said prices found support from the bullish
      150 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      449 4 CENTRAL SUGARS BERHAD NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting will be held at the Registered Office of the Company, Batu Tiga, Selangor on 15th May 1979. at 11.00 a.m. for the following purposes: 1. To consider and pass the Special Resolution to
      449 words
    • Advertisement
      Page 4 Advertisements Column 2
      9 4 UMffletel eMi| prices af Lm4n metals m \mck PMe.
      9 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Making giant cables
      195 5 INP WHAT is probably the largest cable-twisting machine in the world was recently put into operation by Thyssen Calbe in Gelsenkirchen, West Germany. It enables production of extremely long and thick steel cables with a diameter of up to 310 mm and a percable weight of 200
      INP  -  195 words
    • Article
      Lock icon Ethnic votes hold sway in some UK districts
      500 5 AP BRITAIN'S 1.2 million nonwhite voters will be a major factor in who wins the general election on May 3 because they hold the key in a dozen parliamentary districts and could tip the balance in another 40, political analysts say. The
      AP  -  500 words
    • Article
      Lock icon French prices jump
      119 5 UPI FRENCH retail prices shot up 0.9 per cent in March for an annual rate of increase of 10.40 per cent but at the same time the March trade surplus was 601 million francs (***** million). Corrected for seasonal variations, the March surplus was 1.249 billion francs.
      UPI  -  119 words
    • Article
      Lock icon LOST ANGELES?
      67 5 Reuter LOS Angeles faces a financial crisis similar to that of New York city unless it makes drastic changes in the pension plans for its 112,000 public employees, a citizens committee warned. The committee said lack of action now will mean "far more radical and painful" moves in
      Reuter  -  67 words
    • Article
      Lock icon BLOW TO ENERGY PLAN
      285 5 NYT PRESIDENT Carter nffered a setkMl la Mi wwgy ewtrvta- programme m Tmd«y win the Dmma MHIfIMIfM MfflßllttM M if J" t_ IIfMC milllltl If! rtnmi JICT RJ^JCr ed Ids pripi—l to dM p(M stottoas «i wrrhfto Mag sO «h»rtagea. TiMtoy*! Mttn by the latontoto aad
      NYT  -  285 words
    • Article
      Lock icon Big surge in US oil firms' profits
      615 5 NYT MORE OIL companies in the United States have reported sharply higher firstquarter profits, bearing out earlier predictions that earnings would jump as a result of the tightened world oil market. Although some companies reported modest profit increases on Tuesday, the overall surge
      NYT  -  615 words
    • Article
      Lock icon Possessive 'golden goose'
      216 5 UPI A HARVARD University lecturer said Americans are going to have to learn to live with less fuel or prepare to go to war again -in the next decade. "We may well face a choice either we are going to conserve energy or we are going to
      UPI  -  216 words
    • Article
      Lock icon Soviet economy gets a hard knock
      369 5 NYT THE SOVIET Union turned in an unusually poor economic showing in the first quarter of 19T9, according to figures released on Tuesday by the Central Statistical Administration. In what appeared to be one of the most serious slumps in recent years, production in
      NYT  -  369 words
    • WORLD IN BRIEF
      • Article
        Lock icon A TRADE-OFF FOR STRAUSS
        557 5 Agencies A SHREWD, tough-talking lawyer, Robert Strauss, will represent the United States during the forthcoming Israeli-Egyptian negotiations on the Palestinian question. Mr Strauss, currently the top US trade negotiator, was accepted "positively and enthusiastically" for the role by both Egyptian President Anwar Sadat and Israeli Prime
        Agencies  -  557 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      658 5 s ARRIVALS Service Local Operator Noaber Tine Froa GIA GA895 1210 AMS/ROM/KHI THAI TG413 1310 BKK MAS MH651 1330 (KBR)/PEN/KUL SIA SQ61 1310 BKK S1A SQ117 1345 KUL SIA SQ33 1355 BRU/DXB GIA GA900 MOO HLP SIA SQ455 1340 BWN CAL CI009 1415 TPE/HKG GIA GA984 1500
      658 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      25 5 Superb Northern Indian, Kashmiri and Moglai cuisine for the discriminating gourmet. "The m<~>sr distinguished Indian Restaurant in the 'rid J Walker Cmivt Tel: .?/>/ 505 A
      25 words
    • Advertisement
      Page 5 Advertisements Column 2
      28 5 Having your ups and downs with your car? m I *k- V Cycie Carriage (Enterprises) Re. Ltd. Parts Arrnnnotion Ddot 20. Leng Kee Road. Singapore 3. Tel: *****2
      28 words
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  • Article
    The facade of courtesy aside...
    447 6 SINGAPORE'S courtesy campaigns have, traditionally, -been largely tourist-oriented. In 1971, when the growth potential of the tourist industry began to catch the imagination of local planners, Singaporeans were urged to come out of their shells and to shine, not for each other, but for the
    447 words
  • Article
    LCA provides a good stepping stone
    312 6 UTILISING LOW-COST automation (LCA) as a vehicle to gradually switch from labour-intensive operations to a more capital-intensive base seems almost a perfect answer to the woes of the small local companies who are hard hit by the shortage of workers (as they are losing
    312 words
  • Article, Illustration
    Lock icon Quebec dilemma key issue in poll
    1255 6  -  The next Canadian Prime Minister is going to have his hands full. At the moment the race is between a man who has lost authority and one who has yet to gain it. Trudeau, meanwhile, has come under heavy fire from many quarters. WOLF
    FT  -  1,255 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      211 6 Where to wine, dine and entertain... Singapore's V celebrity r\ jv sb<jyy U r y heal a/ v i keep you enthralled with be' dynamic pertomw>ce or stage Come and lister to her wwJe sorxj; from Europe inj Asia At lon Bar Where things a f e Stating every minute'
      211 words
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      Page 6 Advertisements Column 2
      63 6 Stye (Hief cattoes at 8.15 pro cticrtj Xt|uroikit) at tfjc iron's* Sable. iiL In the best European tradition of old, our Chef will ceremoniously carve a succulent roast, done to a turn, on the one and only roast spit in town. Treat yourself to a hearty slice of this roast,
      63 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 Bristow: Dickens DOUBLE. ,T>OOBl€. TO\L RhO "TOOUBLC n«e bo«N RN© crdldgom ©USBIC, F\(2ST BfcCPOCRumBS Nfou PXJST IRKe, %M TUe CROLDfcON BOIL P*O BR«L N&AT, DR»eD FRU»T P*ND OF BfcRMDV H p>lurys KeeP thrt soer hrndv, POD p>r4 Q&G RND STRONG DRR< RL£_, spice it fr>lFCR R Of TROO&L£ ui<e R
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      785 6 Impoverishment THEBB b m ahaalato at the adalt lur at thK he we* mmt aew p#verty d |M< |r*> 8.41pm. De Yea Kmrf la eMkn to p with hi* puuM torighi Waader a |wnl hwhjp fdi tew, svelte fk^ae. Wehti heglaa the ler aehialchfldrea apes- Jack Miea that Ma reevealai'a
      785 words
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  • Article, Illustration
    Lock icon LDCs take stock of the Common Fund
    2033 7  -  Agreement on the US$75O million Common Fund to stabilise world raw material prices can be considered a major accomplishment of the North-South dialogue. However, Third World nations have yet to praise the accord: poor prices for export commodities stem more from an exporting
    Depthnews  -  2,033 words
  • Article
    No perpetual subsidy
    529 7  -  Letter to the Editor Swee Kee Hoong Director (I ■■<■) Jinig Twa CwpmtiM. Dear Sir, I refer to the letter by Experto Crede in Business Times (April 18) concerning terms for alienation of land for industrial purposes by Jurong Town Corporation. Basically, Experto Crede proposes to amend
    529 words
  • Article
    Lock icon Big poser for the Soviet Union: after Brezhnev who?
    903 7  -  FORUM ...with David Satler FT ALTHOUGH no one can predict with certainty who will succeed Mr Leonid Brezhnev, the Soviet President, if he were to die suddenly, the logical candidate is Mr Andrei Kirilenko, 72, who made his career virtually at
    FT  -  903 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      108 7 Where to wine, dine and entertain... c '>S JDr > '"Y* ■7^" 1 e? I II'(,() S LI 'NCI 11K su >1 1 k \i u) .s» I\(h ar < n{ h (*itur n< < iis( n-s< iw ,11! »i 1. II ll N« i< !*>, iK i< w, UK
      108 words
    • Advertisement
      Page 7 Advertisements Column 2
      72 7 Everything's here at the Mirabelle s r r y t r < i *k 'S v. V 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. And service that is impeccable
      72 words
    • Advertisement
      Page 7 Advertisements Column 3
      48 7 When the sun goes down let the MIDNITERS entertain you with favourites A t A terrific, top-rote 3-p«ece bond entertoins ot the VAN OA OAfV the cosiest woterhole owoy from the cityl VANDA BAR HAPPY HOURS bprr Bpm daily Generous 30% discount on all annus Singapore OochTd Inn
      48 words
    • Advertisement
      Page 7 Advertisements Column 4
      59 7 Hotel KoyaIRAMAM Newton Road. SmQipofi 11. Repub«< o< Smoapor e Telephone *****1. Ttfei RS-***** C*b»es HOTELROVAL diD6Pep*s TanaDmi Indonesian set lunch daily for lovers of spicy food and our spetiality Try our most-talked about air-flown steaks for gourmets, A special International Buffet, from 12 noon to 3 pm. every Sunday.
      59 words
    • Advertisement
      Page 7 Advertisements Column 5
      52 7 Enjoy an exciting evening at THE NEW LOOK H HOTEL TAI MN ~Jf COCKTAIL LOUNGE A 4 v*^p bv Mixed drinks our Speciality Weekdays Sundays 11 am. 11.30 p.m. Saturdays 11 am. lum. HAPPY HOURS 3PM-7PM 20% discount A tree trttirts 1? I 1 HOTEL TAI-PAN 101. Victona Street. Sinqapore
      52 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon A. Express plans takeovers to further growth
      430 8 Reuter AMERICAN Express expects strong, healthy growth to continue this year, chairman James Robinson told the annual meeting. The company has reported that first quarter earnings rose to US$l.O2 per share, up from a restated 91 cents a year earlier. For all of
      Reuter  -  430 words
    • Article
      Lock icon TURNROUND AT BNOC
      301 8 Reuter STATE-OWNED British National Oil Corp showed a pre-tax profit of £2.28 million in 1978, its first profitable year against a loss of £1.88 million in 1977. BNOC said in its annual report that a net loss of £3.04 million was recorded after deferred tax and writing
      Reuter  -  301 words
    • Article
      Lock icon IHI anticipates huge losses
      198 8 Reuter IS HIK A W A JIMA-HARIMA Heavy Industries Ltd (IHI) said it expects a big beforetax and special items loss for the year ended March 31, following the shipbuilding industry slump and huge retirement allowance payments. A spokesman for IHI, commenting on a Nihon Keizai
      Reuter  -  198 words
    • Article
      Lock icon BP (AUST) PROFIT DECLINE
      84 8 Reuter THE almost-halved 1178 profit of the British Petroleum Co of Australia Ltd was effected by several factors, lielidiag delayed easts recovery, irregular refinery supply aad expensive product imports to maiataia supply, group chief executive Alex Gorrie said la a statement. BP reported after tax profit
      Reuter  -  84 words
    • Article
      PanAm trims first quarter losses
      132 8 PAN AMERICAN World Airways said that it had cut its first quarter loss to US$B.9 million from 124.1 million reported for the year-earlier period. On a per share basis, the loss was 12 cents compared with 57 cents last year. The airline said there were
      132 words
    • Article
      Lock icon Kumagai Gumi
      108 8 Reuter KUMAGAI Gumi Co Ltd said it has won a 12 billion yen order from Hongkong's Kowloon Electricity Supply Co Ltd for foundations and other civil engineering work for a power station to be constructed at Castle Peak. The foundations and civil work contract is likely to be
      Reuter  -  108 words
    • Article
      Continued boost from oil stocks
      1136 8 NEW YORK STRENGTH to the energy group again lifted the stock market oo Tuesday u the trading pace quickened from Monday. Analysts said the oil stocks continue to benefit from strong first quarter profit reports and expectations of good profits ahead as oil prices are
      1,136 words
    • Article
      TORONTO
      208 8 APR 24 C« Abtubi IV i Alcan 42'« Algoma 29' j Bank Mont 24'. Bank Nova Scotia 23'. Bell Tel 22'.• unch Beth Corp BP Can Ltd 23 .1} Brascan 23'Camp Red Lake 37 Can Imp Bk i s Canpac 29 i Canpac In* Pf 16'.. B unch Carting
      208 words
    • Article
      JO'BURG
      305 8 APR 24 Rand INDUSTRIALS A Alpha 1 100 -5 Abercom 225 4-2 AE And CI 445 AMIC 1510 unch Barlows 563 4-3 Cf Sugar 575 unch CNA 215 unch Currle Finance 103 42 De Beers Ind 1530B 4 10 Edcon 375 Edgars 4300 Eve ready Fed Volk 287B 220
      305 words
    • Article
      Lock icon Turnover hits 500 m on Tokyo stock exchange
      642 8 TOKYO Source: DBS-Daiwa TURNOVER and total sales value were extremely large as the major brokerage houses took an active stance for the first trading day for delivery next month. Turnover was estimated at 500 million shares the first time in about three
      Source: DBS-Daiwa  -  642 words
    • Article
      Lock icon Hongkong
      331 8 Reuter Stock prices eased fractionally in very quiet trading, dealers said. The Hang Seng index closed 1.15 points down at 529.21. Dealers said turnover continued sparse with most operators on the sidelines in the absence of new factors. Hongkong Electric eased 121/2 cents to HKRSS, Hongkong Land five to
      Reuter  -  331 words
    • Article
      Lock icon Bangkok
      333 8 Reuter THE STOCK market closed, lower after prices fell sharply in weak trading, dealers said. The biggest loser of the day was Ra]a Finance, falling 58 baht to 462. Union Plastics dropped 32 to 251, serm Suk 30 to 603, Asia Credit and United Thread 18 each to 248
      Reuter  -  333 words
    • Article
      Manila
      45 8 THE MARKET closed lower across the board, with turnover falling to 7.2 million pesos from Tuesday's 10.4 million, dealers said. Losers were Atlas Con B, Baguio Gold, Benguet Con B, Marinduque B, Philex B, Basic Petroleum, Phil Overseas, Pogei, Merako and San Miguel B.
      45 words
    • Article
      Lock icon Good sales at San Miguel
      150 8 UPI SAN MIGUEL, the Philippines' food giant whose' main product is beer, posted a 19 per cent increase in total sales last year. The company's annual report Just released said total sales amounted to 3.35 billion pesos, compared with 2.81 billion pesos achieved in 1977.
      UPI  -  150 words
    • EUROPEAN MARKETS
      • Article
        Zurich
        186 8 APR 24 francs Actltns Sulsaes 303 4-1 Alusuisse Br 1335 -95 Alusuisse Reg. 520 -45 Brown Bovert Br. lass unch Clba Geigy Br 1310 10 Clba G*if> P c 1010 -5 Clba Gelgy Reg Credit Suisse Br 715 ♦a 2210 Cmllt Sulur R«( 430 Elektrowalt Br. 2030 15 Oeocge
        186 words
      • Article
        Paris
        267 8 APR M Ft* CORBEILLE Air-Liquid* 40S unrft B S N Ornrau Ikinow M3 -II C S P (ThomaonCrf) CM Prancaiac 408 l«J0 ♦25 «U Comptinw Financier* Comptfnw Qtntrilt Credit Poocler De Prance Hachette (UbralrWl.. Machines Bull Michetin (B) Pari baa Pechlney Ct«lne Kuhlmann PfUftOt 3M 06 JO 230 as
        267 words
      • Article
        Amsterdam
        178 8 APR M FU AB* 374 00 13 AAold loeoo ***> 31 JO IJ amcv noo Amfu US JO +02 Amrot Bank 74JO »02 B«|ou JIM Bwl M30 -lj Bou TOO *111 Bonumg 172J0 *1 Burhnunn 70 00 -«7 Byenkor f )p unth Call* Delfl 1*4*0 U Ennui ***** 1
        178 words
      • Article
        Frankfurt
        203 8 APR 24 1 Acf-Telffitnken Dm «oso a 10 •as. oo 465 00 ♦02 U unch S Akao Allx LtllM A1U V«T* Bay H T Wbank 38 80 mam 0.7 Bay Vbank MM Bayw nun RU 175 00 -4.3 RU« am Catarlla Tl&M -ID Chetn Vrrw moo 4 ComnMrxbank nn
        203 words
      • Article
        Brussels
        86 8 APR M Pre FORWARD MARKET Acec ArM Aslor 433 tm 646 4 -25 -1 Btu-Umb Cuipu Cock 1* Beer* Et*» El*cuot»l Ob-lnno-Bm Ory Hotuk Print Ryl Dutch 1600 m 211 23S5 IZZ 2635 136« 3165 4sao 2060 3ft M unch unch unch 36 10 25 115 10 SKJto 131
        86 words
      • Article
        Milan
        49 8 AlUr Assoc On 34 ***** -460 Battofi Central* Flat IK +12 4610 +46 2730 unch Flnstfer 163 +2 Oen Iramofc *7-25 4 0.25 IFI Pr» 2214 +16 Ii*le*m*nu ***** 160 Italcas 743 *03 Iialsider 379 -5.5 Mameu M PI Marrlll Err 560 +1 260 H HWHI ***** ISO
        49 words
      • Article
        Selected indices
        63 8 FINANCIAL TIMES INDUSTRIALS Tuesday 547.0 Monday 836.0 Week Ago 536.9 DOW JONES AVERAGE INDUSTRIALS Tuesday MS. 77 Monday 800.10 Week ago 857.83 LONDON DOLLAR PREMIUM Tueeday 57 to 97s Monday 56 W to 56 CLK.HANG SENG Wednesday 529.21 Tuesday ***** Week ago SHil 8YDNEY INDUSTRIALS Wednesday closed Tuesday
        63 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      105 8 THE MALAYAN TRILOGY This famous trilogy wittily dissects the racial and social prejudices of post-war Malay during the chaotic upheaval of Independence. Through a succession of splendidly colourful characters, Anthony Burgess delineates the conflict and confusion arising from the almost enforced mingling of cultures. Time for a Tiger "His characters
      105 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Hongkong Bank posts 39 pc rise in profits
      621 9 PROPOSAL TO RAISE CAPITAL AFP THE Hongkong and Shanghai Banking Group made a profit of HKJ727 million in 1978, the bank's chairman Michael Sand berg said in his report at the annual general meeting held in Hongkong. This represents an increase of
      AFP  -  621 words
    • Article
      Lock icon US likely to modify bids at gold auction
      246 9 Reuter THE US Treasury is expected to make a technical modification to its gold sales procedure whereby bids will no longer be opened lySources said the change is likely to become effective with the next gold sale on May 15 and make
      Reuter  -  246 words
    • MONEY AND EXCHANGES
      • Article
        Gold
        302 9 SINGAPORE gold futures yesterday closed generally higher compared with overnight levels in moderately active trading, dealers said. Opening prices were marked up around 40 US cents and the market thereafter firmed marginally on the day on local buying interest with the firmer Hongkong trend also aiding sentiment, they said.
        302 words
      • Article
        Singapore market
        461 9 THE US dollar was again traded down against major currencies on the fo-eign exchange market yesterday. In the yen counter, the Bank of Japan was reported to have come out in support of the home currency again. The US dollar opened at 218/65/75 against the yen and fluctuated
        461 words
      • Article
        Treasury bill tender
        47 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $50 million 91-day Treasury bills to be issued on April 30 and from May 2 to May 4. Each tender must not be for less than $250,000.
        47 words
      • Article
        Hongkong
        118 9 THE US dollar yesterday fell from overnight levels against the yen and Continental currencies in fairly active late trading, dealers said. It dropped to 217.90/218.00 yen from New York's 218.60/ 70 close with some European selling of the US unit in evidence, to 1.8925/35 from 1.8960/65, and to 1.7135
        118 words
      • Article
        Frankfurt
        55 9 FRANKFURT exchanges opening quotes on April 25: US ***** 98 (***** 57) Can 1 683 13 S<g 3.880 88 DFI -92.20 30 S Fr 110 40 56 Lit 2.241 251 F Fr -43.42 52 NKr- 36 68 79 B Fr (con) 6 297 307 B Fr (fin) 6 185
        55 words
      • Article
        Asian $ rates
        177 9 Asian rates ASIAN currency deposit interbank rates as at close on April 25: 7 days 1 months 2 months 3 months 6 months 9 months 12 months US Do liar* (Spot) Offer Bid 10 5/16 103/16 101/16 915/16 10 3/16 101/16 10H 10 10*« 10H 1011/16 109/16 1011/*****/16 1 month
        177 words
      • Article
        Discount
        8 9 2736 BjfflWTJTiTn Source: National Discount Co Ltd.
        8 words
      • Article
        Tokyo
        135 9 THE DOLLAR for overnight delivery yesterday closed at 218.40 yen, up from 218.15 at Tuesday's close but below the 218.70 opening, following central bank intervention. The Bank of Japan sold over US$lOO million, mostly at 218.70 and 218.80 yen in early trading to check the dollar rise, but no
        135 words
      • Article
        London
        327 9 STERLING yesterday came under heavy liquidation and profit-taking pressure in early dealings here, triggered by opinion polls showing the Conservative Party lead narrowing in the run-up to the British May 3c general election, dealers said. The British currency opened at U552.0560/67 and then dropped to 2.0615/25 compared with 2.0673/78
        327 words
      • Article
        MLR
        21 9 THE average rate at which Singapore hanks are currently prepared to lend to their best customers is 8 per cent.
        21 words
    • Article
      Australian banks eyeing Singapore
      182 9 MORE Aotrahaa basks are likely to set ap ah*p la Slagapare la the tatare la view the grawlag eeaaamle Itiki betweea AwtraUa aad Ike regtoa. This to the view at Mr Laarte Gaage, head af the toeal altohaii braaeh ef the Baak af New Seath Walea,
      182 words
    • Article
      Deposits of renminbi in HK may fall
      411 9 RENMINBI time deposits in Hongkong are likely to decline as a result of the Rank of China and its 12 associate banks cutting interest rates of such deposits by between 1.375 and 13 per cent with effect from April 17. Disclosing this banking
      411 words
    • Article
      Lock icon Treasury's two-year note sale
      332 9 Reuter THE US Treasury said it sold US$2.5l billion (about 555.5 billion) in two-year notes at an average yield of 9.78 per cent compared with 9.68 per cent at its last twoyear issue. The notes bear a coupon of 9.75 per cent and the yield is
      Reuter  -  332 words
    • Article, Illustration
      Lock icon Barre explains switch in French gold reserves
      233 9 AFP FRENCH Premier Raymond Barre said the French Parliament would be asked to ratify the new European Monetary System in its final form in about two years. Answering Gaullist criticism of the transfer of 20 per cent of France's gold reserves to the
      AFP  -  233 words
    • Article
      ICB's eighth branch
      124 9 INDUSTRIAL and Commercial Bank (ICB) will open its eighth branch in Ang Mo Kio in July this year. According to its manager, Mr C.K. Sng, the bank has already obtained the premises which is now under renovation. ICB, which was established in 1964, has branches in Shenton
      124 words
    • Article
      Lock icon US banking giants score high first quarter gains
      859 9 NYT THE UNITED States' largest banking organisations have reported sharply higher earnings in the first quarter, but some analysts believe the industry's fundamental level of profitability has risen only moderately. Some also note a sharp shrinkage in the gap between the basic
      NYT  -  859 words
    • Article
      More external funds expected
      197 9 AMERICAN companies are expected to increase their use of commercial paper, bank loans and other sources of outside borrowings to meet their financing needs as the year progress, a Conference Board study shows. This view is in keeping with executive feeling that economic growth will slow
      197 words
    • Article
      CONADI TO GET $55M CREDIT
      131 9 CORPORACION Nacional De Inversiones, the Honduran Economic Development Institution known as Conadi, has signed a US$25 million (about Ssss million) loan agreement with a group of five banks headed by BankAmerica International Group. Loan proceeds will be used to prepay a portion of Conadi's existing
      131 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      164 9 ■Kb THE DEVELOPMENT BANK OF SINGAPORE LJMITED DBS Building, Shenton Way, Singapore 1. We are pleased to advise the following S$ deposit and savings rates we are currently quoting:— S$ Fixed Deposit Rates for amounts up to $100, OCX) 1 month 3 months 6 months 9 months 12 months 5
      164 words
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  • Article
    DEALS DONE ON THE SES AND KLSE
    1302 10 In Singapore 818 and offer prices officially listed and business in and reported to the Stock Exchange of Si&apore yesterday with the nuSiber of shares traded sh6wn in (rackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted
    1,302 words
  • Article
    Unit trusts
    76 10 INCOME BOND UNIT (tat Income Bond 1.09 1.15 MiUWI nraiiFVND (Mi Win' prim tar Apr >9) Ftott B'putrm 3.54 Second B putra 114 Third BJwtra 107 Fourth B putra 106 Fifth B'putrm 1« Sixth B putrs (A) 1.81 Seventh B'putra (A) 1.3# Seventh Bputrai B) 1.79 Eighth B'putra
    76 words
  • Article
    SHARE INFORMATION SERVICE
    2534 10 i'lVT* Gr"a Gr's Net Last Div Dir YTd P/B Vol Day Hick ">» Company Sale or- Cvr (•OOO) Hl«k Low SECTION ONE INDUSTRIALS 253 207 Acma 243 3 12.0N 13 4.9 26.4 14 243 242 190* 123* Alcom 182 +2 10.0 25 5.4 245 1 182 182
    2,534 words
  • Article
    Government bonds
    131 10 4 1/2* 1/8/ SO (250.000) (99.378 90.458) 4 3/4% 15/fcSO (250,000) (99.628 99 706) 5 1/4% 1/3/81 (250.000) (100 168 100.255) 15/4/81 (250,000) (***** 99 70S) 5% T F 1/5/83 (250.000) (*****8 *****6) 6 3/4% T F 18/8/81-84 (250.000) (*****6) 5% 13/11/84 (250.000) (*****8 100 058) 7% 1/8/88
    131 words
  • Article
    Stock options
    111 10 STRIKING prices of the options ondaily bated on the Stock Exchange at Singapore yesterday, the period. Mdß and offer prices tad business door, I| any, with the number af options traded shown In brackets. OsM Mange (June C-00) (0.348 0.435) CasdC (June B-M) (0 COB O.MS) Base lad
    111 words
  • Article
    In Kuala Lumpur
    1407 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Slock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified ININ«IUU Acme (2.428) Atoam <1.858 1.906) Ales BsM (1) 1.23 A Chse
    1,407 words
  • Article, Illustration
    Food and beverage stocks are main features
    611 10 MARGINAL, galas ea tight vtluM eeattaaed to be aeea at the Stock Ex chaage ef Wappm yesterday. "Ike market Is prekakty la Its mmiidattea phase" eae skeervet reirtrf la geaeral, the lall aereee a heard treat seems to he here to stay with
    611 words
  • Article
    Creeping pace and slack volume at the KLSE
    545 10 PRICES crept up marginally amid dull conditions on tbe Kuala Lumpur stock market yesterday. Opening prices were slightly steadier but with little incentives surfacing, prices made only minimal progress in the course of the day. Volumes remained slack reflecting a general disinclination
    545 words
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  • COMPANY NEWS
    • Article
      Paying a high price for the Universal thrust
      1493 11 THE I.E.E. CRISIS SHAREHOLDERS of Industrial Electronics and Engineering Limited have little to cheer about. Despite the fact that at least two companies in the group are continuing to bring in the business, the group as a whole is bogged down in
      1,493 words
    • Article
      SCRIP ISSUE
      240 11 Coapaay Particulars Ex Date Booka Close Keck S*i| Bonus Issue of 1 for 5 Apr 4 Apr 17 Dun lop Eat Bonus Issue of 1 for 5 Apr 18 Apr 30 P. Prod acta Bonus Issue of I for 4 Apr 16 Apr 28 AjiMaoto Bonus Issue of
      240 words
    • Article
      DIVIDENDS ANNOUNCED
      516 11 Current Payment Ex Date Books Close Date Total for Total for Payable the year Previous year Riverview Bedford Austral Eat Talam Mines Cen Sugars Keek Seng Tractors M Cables Mia Sec Guthrie N ST U O L G Ceramics GE Life Rahman Ryd St Steamship Ajinomoto Bata (M)
      516 words
    • Article
      Wearnes adds more fuel to the NEP spirit
      255 11 WEARNE Brothers Malaysia Sdn Bhd yesterday appointed three new bumiputra dealers to distribute its vehicles as well as those imported by its Joint venture company, Wire Wearne Sdn Bhd. An agreement was signed yesterday in Kuala Lumpur between Wearnes and the three
      255 words
    • Article, Illustration
      Short-term bull trends in tin
      467 11 FOR THE last two years, the impending sales of tin from the United States GSA stockpile has been overhanging the market place. Therefore the tin price has already defensively declined into a holding pattern. This indicates that the discounting mechanism within the market place has
      467 words
    • Article
      MAGNUM FACES DELISTING THREAT
      557 11 MAGNUM Corporation may be delisted from the Kuala Lumpur Stock Exchange if it fails to accede to the exchange's ruling that an Extraordinary General Meeting be held to approve the sale of 8.56 million Permas Jaya shares to Bandar Raya Developments. In a politely worded, but
      557 words
    • Article
      United Engineers (M) slashes dividend
      352 11 UNITED Engineers (Malaysia) has slashed its flnai dividend to only 2 per cent for the year ended Dec 31, 1978, from 10 per cent previously, following drastically reduced earnings. This clearly runs counter to UE (M)*s statement made only last November to the Kuala Lumpur
      352 words
    • Article
      Good progress at Fancy Tile
      278 11 BUILDING up on its 1977 recovery, Fancy TUe Works has turned in a 37 per cent increase in pre-tax profit to $1,009 million for the year ended Dec 31,1978. Net after-tax profit of this ceramic, mosaic and wall tiles manufacturer also Improved 32 per cent
      278 words
    • Article
      Lock icon Closer look at Inchcape
      275 11 US HOCK LOCK SIEW RMlta far 1178 appear dtomaJ eaeegb at first sight U scad taut 4m the cheeks «r Ike aan emttlwilly MM HHI Ite aharehaiders. Bat a ctaser Ink at the figares reveals that the large ecagteaieraie iU aet de a• badly as la
      HOCK LOCK SIEW  -  275 words
    • Article
      COMPANY BRIEFS
      471 11 TEATILES Corpora ttsn sf Malaya: Group 1978 net profit MS842.179 (*756,268). Parent company net profit $603,282 ($466,469). First and final dividend 5 per cent gross (same), payable June 25 to shareholders registered on June 2. o o o SUPREME Csrpsratt— said it acquired a new subsidiary, Supreme Leasing
      471 words
    • Article
      COMPANY MEETINGS
      157 11 DUNLOP Malayrtaa Industries BM: AGM to be held at 4, Jalan Tandang, Petaling Jaya, at 10.00 a.m. today. (M > )1m: 1 AGM I U> be'bSd'at the Raya Room of Equatorial Hotel, Jalan Sultan Ismail, Kuala Lumpur at noon tomorrow. aty Developments Ltd: AGM to be held at
      157 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      137 11 1 m m T( M O m M t 1 IS 74 ''•>*tm s' "ll 0 Buy a pea green boat or sell a nautical puss. Leisure Times is right on target For as little as $15, you can sell anything in Leisure Times a painting, a world tour, a
      137 words
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  • Article, Illustration
    Gold shines best in political gloom
    696 12 THE MOST bullish factor for gold in the short and medium-term is the continued threat of violent political changes and further interruption of oil supplies. This could create an environment in which the price of gold would move sharply higher, said Mr Felix Schweizer,
    696 words
  • Article
    Price fall after restricted ruling
    138 12 A PROPERTY valuer told the High Court yesterday that a residential property, which a realty company bad contracted to buy for $2.4 million, was wrath about $500,000 less, after the government announced its intention to restrict sales of residential properties. The valuer, Mr Cheong Thiam
    138 words
  • Article
    EXPERTS IN FOR G.S.P. SEMINAR
    98 12 A TWO-DAY seminar on Generalised System of Preferences (GSP), jointly organised by the Singapore Manufacturers Association and the Department of Trade will be held on May 3 at the Hilton Hotel. The seminar will give participants a fuller understanding of the rules of origin requirements
    98 words
  • Article
    APPEALS COURT REVERSES $500,000 AWARD
    225 12 AN ARBITRATION award for a businesswoman against the government, worth $517,925, was overturned in the Appeals Court yesterday. The award, in favour of Madam Wong Wai Cheng trading as Union Contractors, was in connection with a $3.6 million works contract for the Public Works Department.
    225 words
  • Article
    Strike out
    28 12 A SCHEDULED 72-hour transport strike which threatened to inconvenience an estimated 53 million people in Japan fizzled out yesterday when striking workers accepted new wage offers.
    28 words
  • Article, Illustration
    Lock icon THE ROAD TO NOWHERE
    93 12 UPI THE right sf ma America ■-marie M-lf aamlt rifle dug ever the sheaMer sf a Khmer Range Midler audi the ballsek carta aad the pathetic stream af refagees weadlag their way towards their saactaary, If there is eae, makes fer a sat sf place aarii
    UPI  -  93 words
  • Article
    Lock icon Iran lowering its spot market prices
    399 12 AFP UPI IRAN RECENTLY sold crude oil between U5519.20 to $19.80 (5542.24 to $43.56) a barrel on the spot market for shipments consisting equal quantities of light and heavy crude, according to oil industry sources in London. The prices applied by Iran since early
    AFP; UPI  -  399 words
  • Article
    LONDON STOCKS
    756 12 LONDON. Wed. Equities closed higher extending yesterday's gains but demand was somewhat tempered by an opinion poll which indicated a reduced lead for the Conservative Party, dealers said. At 3 p.m., the Financial Times index was up 2.9 points at a record 549.2. Gains among leading issues ranged
    756 words
  • Article
    Lock icon Khmer Rouge forces start 'long march'
    411 12 UPI KHMER ROUGE guerillas claiming to be in direct contact with ousted Kampucean Prime Minister Pol Pot vowed to fight back as they continued yesterday to move through Thai territory to a new mountain stronghold in Kampuchea. "We have enough ammunition," one guerilla leader
    UPI  -  411 words
  • Article
    Lock icon America rejects Japanese proposals
    117 12 Reuter THE UNITED States haa rejected a mw package d Japaaeae prepeaala ataaed at SrißhS aa hapaaee ever Mlaterml trade, lanlmdiac allaar ciaaia^ America* draw to Hi fer topsaws prnmasg ■Si" lie rejeettea folleweS latest talks la WaaMagtea betweea U8 CMef Trade Negettater Bahert Btraass aid
    Reuter  -  117 words
  • Article
    LME trading in the Lion City
    200 12 phtt tpp and Lion, one of the 29 ring-dealing members of the London Metal Exchange (LME), officially opened its regional representative office here yesterday. Mr Peter Lion, a senior dealer who was here to open the Singapore office, said the representative office will serve
    200 words
  • Article
    Lock icon Bank of China's finance company
    235 12 Reuter THE BANK of China and its associate banks in Hongkong have set up a finance company mainly to finance projects relating to China's modernisation programme, a spokesman for the finance company said. The company, China Development Finance Company (Hongkong) Limited, capitalised at HKJSO million
    Reuter  -  235 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      190 12 SALES EXECUTIVE (AROUNO *24,000 PER ANNUM) Reuters are the principal suppliers of Financial and Business News around the world. Three years ago the Reuter Monitor Service was Introduced to Singapore. This computerised data retrieval service supplies banks and other financial Institutions with Immediate up-to-the-minute Information on the International Money Markets.
      190 words
    • Advertisement
      Page 12 Advertisements Column 2
      390 12 KILLING TIME by Sandy Fewkes 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 killer nursed
      390 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      55 12 Outlook for Singapore from 6 a.m. to noon today: Scattered showers Report tar 24 pvtor to U pan. April tt at the Maximum temperature 27.2 Associated humidity 89 Minimum temperature 23.0 Associated humidity 100 Hours of sunshine 0.00 Rainfall in millimetres 60.0 Total rainfall for the month 240.0 Total rainy
      55 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Chinese ships' future
        117 13 AFP CHINA has 500 merchant ships totalling some 9 million dwt. Liverpool Port Authority executive Mr J. B. Fitzpa trick said this fleet is being augmented by construction at home and abroad to attain self-sufficiency which will end the need to charter vessels or buy second hand
        AFP  -  117 words
      • Article
        Lock icon Demand for tankers
        95 13 AFP ACCELERATION of oil shipments before the expected oil price rise early this year boosted the demand for tankers and combined tonnage, the local Wah Kwong Shipping and Investment Co. Ltd. states in its annual report. The report said this improvement in the tanker market led many
        AFP  -  95 words
      • Article
        Lock icon Congestion charge scrap
        48 13 Reuter THE congestion charge currently applying at La Guaira, Venezuela of US$l.5O per freight tonne on westbound traffic and one dollar per tonne weight on eastbound traffic will be abolished effective April 25, the Association of West India TransAtlantic Steam Ship Lines, Witass, said. Reu-
        Reuter  -  48 words
    • Article
      Asean yards to meet in July
      643 13  -  By TERESA LIM THE FIRST plenary conference of the Asean Federation of Shipbuilders and Repairers (AFSAR) will be held on July 13 and 14 in Singapore. The Singapore Association of Shipbuilders and Repairers (Sasar) was first approached by the Singapore Federation of Chambers of
      643 words
    • Article
      Lock icon London freight
      174 13 UPI CHINESE ffciHwrn activated (he ttnw rbsrtor seettoa by taUag a 21 dwt naei for a trip to Cklaa after prsmpt delivery eeatiaeat at umj* (SALMI) a day wkile the AraMaa Omlf was a papalar inllMllw for a variety sf toaaage Used ea a pertod bads* Oae grata
      UPI  -  174 words
    • Article
      Lock icon Bunker fuels the tanker's problem
      347 13 Reuter TANKER owners are becoming increasingly vexed by the rising price and declining quality of bunker fuels, Tormod Rafgaard, general manager of the Secretariat for the International Association of Independent Tanker Owners (Intertanko) said in a recent interview. Intertanko has asked the International Chamber of
      Reuter  -  347 words
    • Article
      A new service to UK
      213 13 THE International Aviation Services (lAS) Skyship, the sea-air division of lAS Cargo Airlines, is to expand its sphere of activities to offer a new weekly service from Singapore to Gatwick Airport in London from next month. Announcement of the new operation comes six weeks after
      213 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3155 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World .The Fist below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
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      INDEX
      477 17 mill li t Line Page Cat ACS II s Afea IV 3 Alpac IV 5 Aagkutan IV 4 ANL I 1 APL m 2 Arya Nat Asia Merchant n V 5 3 ASCL m S Aust.Cont IV 5 Bank n 5 Batam IV 3 BBS n 2 Ben Asia
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      Container Schedules
      773 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2) All exDort FCL containers and LCL cargo must be delivered to the Authority's premises during the
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      Who acts for whom
      865 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. A Kyosei Line— Kyosei Agencies. Lian Soon— Same. Lian Huat— Same. Lloyd Brasileiro— Paterson Simon. Lloyd Triestino— Harpers. Lord Steamship— Strongwill. Lu's Brother— Sealion. Lucky Line— Unipacific Trans And
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      Small coastal vessels are in demand
      622 18 FAR EAST FREIGHT FREIGHT rates are going up on certain routes. A 30,000 tonnes drummed bitumen contract from Singapore to Chittagong has been reported fixed at US$l7.OO (5J37.40) FIO. Most shipping agents have been instructed to add a bunker surcharge to the usual freight
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      Lock icon How Hamburg makes the most of all markets
      684 18 Lloyd's List THE Port of Hamburg at the junction of the three markets EEC, EFTA and COMECON has over the last three decades developed into one of the most important European handling centres for transit trade. The 10.8 million tonnes of transit
      Lloyd's List  -  684 words
    • Article, Illustration
      SHIPS IN PORT
      483 18 EJLPBLTKIJ ABBIVAI4 TODAY KEPPEL WHABVEB Astra Peak (after Aieksandr Serafimovich) SI/33 Bunga Tanjong (1430 after Union Coooord must bead west for UTM/LAD/L) 33/14 Centaur (Passenger) (1300) 42/ 43 Fortune Runner (1300 subject freeboard) 22 Heiqrfcfc Jeasen (0500 after Uniop Coooord) 35/38 Howell Ljrtces (0600 after Yang *Un
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      Page 13 Advertisements Column 1
      336 13 TANK CLEANING Whether you are sending it to the DOCKYARD for repairs, the SCRAPYARD tor scrapping or making a CONVERSION consult: PIRAEUS MARINE SINGAPORE PTE LTD J \R I) I\ 1 \M \H Orient Overseas Co*Uai*teA Line rpw pimx cxvun *02 13* Ito Port 27/4 kckjw MctnoN nr I V
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      Page 13 Advertisements Column 2
      260 13 p|] SEALORD LU .ml ANTAH P-4 m UNITED ARAB SHIPPING CO (SAG) 11 All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. "ARABIAN GULF WEEKLY SERVICE i S pore Loading for PN SEA DIRECT 3; S pore Loading for Jeddah (7/5). Hodeidah (11/5). Aoaba (17/5)
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      Page 13 Advertisements Column 3
      103 13 ■NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: Mani rstMN Hwre Vim H'Dwf C KM IJACWWT.... W CONTMU. NERCATOR o cwr M MMC CONTMM CORAL 1* Maim Spvt (W« n>M Fa c«|* -MM Ilk) ia Cjrf* MM M Apr FROM EMOTE (VM SUEZ): lolfC WmMMSSSSEnEIIEI Eg ii "f i'ii. 1
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      Page 13 Advertisements Column 4
      531 13 EUROPE/FAR EAST SERVICE Si* Pogo IV Column 3 for Soilings Ag^nls SINGAPORE SHIPPING AGENCIES Pit LTD MARKETING *****? GFNtRAt *****1 A Vvu URO ASIA t i\£ SON BHD K I *****7 P KIANG *****1 3 PENfcNG 64 781 2 MAERSK LINE m LuCn 27-8/4 M/4-l/i t-1/i 7-1/5 11-14/5 14-IVS I'-inia.!"!!!.
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      757 14 Hapag-Uoyd FULLY CONTWNERBED TO EUROPE GW» COMBHML TO EUMPE mm (aoo HW| twi Um htm Sarfeß "fort 27/4 24/5 4/6 2/6 29/5 27/5 IMiriM 4/5 5/5 8/5 28/5 10/6 8/6 5/6 3/6 FUUT CONTMOBED TO GOKM/TRCSTE S*pm P. Mm Com Trieste Cksnßv M* 21/4 30/4 11/5 24/5 NMoUMwi 1/5 M/S
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      Page 14 Advertisements Column 2
      404 14 HSif barber blue fnm US ATLANTIC US GULf t EAST CANADA IN 17 M*r 21 mi it mj 23 mi zt m, h m r 21 my zt mj 3i m,» >m 13 km 27 tall km* til J-17 Ml km 22 Iwk n T« CANADA/USA Padfc Cms! WLmmm OBISSMI
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      Page 14 Advertisements Column 3
      493 14 0 EVERGREEN LINE FAR [IST fUROPF EXPRESS FULL CONTAINER SFRVICf ACCEPTMG CARGO FOR HAMBURG EELRSTOWE. ROTTEROAM. ANTWERP LE HAVRE ALSO ACCEPTMG CARGO FOR UNTED KMGDOM SOUTHAMPTON LONDON. MANCHESTER. ORMMGHAM BRISTOL. LIVERPOOL GLASGOW. LEEDS WEST GERMANY BREWRHAVE* HOLLAND AMSTEROAM Ypm* Ha*w| Fafcitom Aette>4ae Uw| It few Iter MM »Apr M lb,
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      Page 14 Advertisements Column 4
      802 14 I Everett Lines 1^ Burma Frvt Star SfcippiMf Corp*. "BURMESE NATIONAL LINE" l MOSS FIB RANGOON ft .mmjnim 21/31 Apr BFSSC Agent* m Moloys.o TEPS MALAYSIA Port Kelong T*l (381-7355 Penong Tel *****/***** jyCf. Compawa AifMtina Ot ■J>, Miwjiciii ImirfKi—mil S. A. C.I. F. bJfj "ARGENTINE NATIONAL LINE" LOMNNG FOR
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      Page 14 Advertisements Column 5
      684 14 I■ I mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD WM 2102 2103 2 IST F i OOR MARINA SHENTON WAY MISTRI ROAD SINGAPORE 2 TEL .V ***** 7 4 *****70 IS] SANKYO LINE AUSTRALIA SERVICE P. Ketang Singapore loadwg far: LOGISTIC ACE 1/3 May 4/5 May SYD, MEL. (ADEL) MAJCARP 13/15
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      554 15 OCL COMTAOOSW gWCE TO W/COWOff: Overseas Containers Limited a* Mm UwpeMOn cowtaooshp stmg from ur/cowtoot: Sc. TakpeOiy SWGAPORE MMSFKLO CONTAMEX SERVICES. PIE LTD 4X0(1 k LUMPUR CONTMCK MEMOES *****4, PJIELAMG *****6/S PENANG BOUSTEM SHTPMG MEMOES SDN BM> *****1/3 Australia Straits Container Line <a mm or nc anro cowsortmo WWW CONTAMERSMP
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      Page 15 Advertisements Column 2
      803 15 GRANARD LII\IE Granard Shipping Agencies ISI Pte Lto Tel *****77 |5 Lines) Din s trjd.ng San Bid A.va Slipping 1 T riding E nterpuses AMERICAN PRESIDENT LINES N STRAITS EXPRESS CONTAINER SERVICE iMdtac far New Yorfc, East Coast and Gt* ports by MM-Landbrid(e Los Angeles, San Francisco and Seattle smgapore
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      Page 15 Advertisements Column 3
      715 15 r [tt^ BEN LINE CONTAINERS Elms CONTMCR SERVICE TO/FROM EUROPE Efce Maw limpooi Bay Bremen tipress Houfkotif tipress M'BURG r»tt\CN IT DAM HAVRE SOTON Goraatr/Aastna Benetu Franc* MUK P Refer* S pore F* MM hM Safcd faM faM Uii 24/4 fHKI SM SM bM Mi W M 5/5 W.IW faM
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      Page 15 Advertisements Column 4
      415 15 \r Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE r.'i^i >• 11: i■» i.i'i j.t,11 ii:w<w 3X 3! SS 33 3> £s 4> 'is 1 WW MM MM UM MM MM MM 27/4 a/4 a/« a/» a/4 2/s in CONVINTIO^AL S ERVIC^TpI UROPE 1 SrtfMort PMaflf PhimC f® n MIOBtM.. SjiM
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      Page 15 Advertisements Column 5
      549 15 T BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD LOADS FOR E. I S. AFRICA Down Pt El to) Spore 27/31 Hit P l*** 1/3 bn FROM [AST I SOUTH AFRCA FOR BANGKOK. MAMIA LYKES ORIENT LINE U.S. GULF COAST SERVICE (New (Means, Mobfc, Houston, Galveston) HOMELL LYKES (Mi). til 44/21
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      892 16 > K IvINE KAWASAKI KISEN KAISHA. LTD. EUROPE F XPRESS SERVICE C RO/E I3W *O#(AN lACI WON 7W H* CONTAIN! R ISA MERCATOR UK 0 CHIEF TO EUROPE Kelang L Hane R dam 27Apr IIJ May 14 May i May 19 May 20 May II May 27 May 28 May
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      Page 16 Advertisements Column 2
      725 16 U.S.A./EAST CANADA SERVICE ACCEPTMG FCL/ICI CONTAMERS FROM PENANG. P. KELANG. STORE im*« wn tom. Norfolk E.C./6REAT LAKES SERVICE LOAOMG FOR NEW YORK. NORFOLK. BALTMORE. PMLAOEiPtOA. MONTREAL. TORONTO Penang Mm* P Mang Singapore "WMMNOMr 20/21 May 11/19 May lVl7ltey "MMMOML PRADE9T 11/1 ta. »M M* H/SHn CAUEORMA/PACnC NORTH WEST SERVICE ludnc
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      Page 16 Advertisements Column 3
      419 16 >I'Oll|> SINGAPORE SHIPPING AGENCIES PTE LTD 20th floom oet an build ng Singapore i VAR|>.[TIN& *****2 <3 LINES. GENERAL 91 3111 114 LINES) TELE* »S 2459<, «S ***** A a CARSMIP CABLE CARGOSmP Vi j£\ SINGAPORE ISLANDS USE MIDDI k EAST REdL'LAR USER A SAFE WAV TO SHIP BV SSA
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      Page 16 Advertisements Column 4
      287 16 P HeUng Smgapoit l*aM*| tar ■UNH GELMK t VCO7 t(27/21 «pO h P*rl 21/30 «pr kota kimabalti. Tim OUMM MOSJ VJOt 27/21% KacltMf *(2J/2* Apr) ■MM snamtt KM TO/2 Ma;) 1/2 ta»y l/« May Sibu Mm, lab •(27m km) BUNG* MKMNCJ WO7 t(»/1 1%) 7/1 Maj 10/11 Ma? TaMa. Ska*
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      Page 16 Advertisements Column 5
      706 16 t INTRfISEfI (PTC) LTD. House <?34E o'Ch.vd Roac! Smqapore y Telephone 2352f 1 1 *****5 7 3 Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P KeUns Lm#m tm FOR TIKI *-13 Jte, 12*, S^/Ebourne/ ta««* m«m»» inemjnt) in 2352*11 nans inmi limn- no swfts t Tuns -mm mm. mtn ALPAC LINE SOUTH
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      145 17 CELTIC BULK CARRIERS STATE CIWKIU ft TAAftSPORTATIOfI PTC LTD 22ad Flwr. Mo«f Law* BMf Spore 1 Tat 2211*5. *****21. *****59 Ttta: IK ***** STCMRI tSgj COUNTRY LINE rrm ifmt cn n> TNMwcoamn j/s vs bomk a—— cowmr a/« ukk SUUMItH. COMTIV h Pert tUnfktt /HMfkM| IB CU—I 77/4 Cafcutta r»
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      Page 17 Advertisements Column 2
      169 17 P. 7 ZVOOVSSIAIORXEITAL L2IES JAKARTA REGULAR OEPOOABLE EXPRESS SERVICE TO I FROM MDOfCSU PENANE Pica AW STORE KSTMATUN OKMIAUI J* Tf.M*(Murta) Dtrf» MTIL a/a Apr Vf*Di OC£P« MTU 27/71 Apr 2»/» Apr I| M (UUrtt) HENG LEONG SHIPPING CO. PTE. LTD. Gcrcrii Aftnti OIL SHPPMG CO. (PTE) LTD Kotxru Hnm.
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      Page 17 Advertisements Column 3
      166 17 ANHSING OVERSEAS LINE REGULAR SEM-COHTMO/LfO SOtiKt < S'p«rt P. Ktfan Nm| Lm*« tar •WON TERBO 30/2 Kay MMi/HoMM *WWN K0W100N.... 4/4 May H«* Kh^/Tmm *UMON BANGKOK2I/23 May MM •an nam... x/ttm mm ACCEPTING CONTAINS LORD STEAMSHIP CO. S.A. TAIWAN/STRAITS/TAIWAN EXPRESS LIO SOUrttt loadnf tar Nrt Kataat P«nan(. iMtat Kmtawc STORE
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      Page 17 Advertisements Column 4
      41 17 NOTICE WW* LINK CO. LTD JVAN M.V. KAUAI VH VOY.U/1 Arrived 19.4.79,, p.p. Wharf Oodown 303 snrvry oa daacargo diackarged ti the above veaael will be K7tk April 1979 frmm 9.00 a.m. f 12p.m. mry y ke held after tkia dale.
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