The Business Times, 10 May 1979

Microfilm: NL10176
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 148/1/79 THURSDAY, MAT H, I*ll 50 CENTS
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  • BRIEFLY...
    • Article
      Strengthening ties
      44 1 SRI LANKA'S Finance Minister Ronnie de Mel arrived here yesterday to have talks with Finance Minister Hon Sui Sen and Foreign Affairs Minister S Rajaratnam. The ministerial-level visit is aimed at strengthening the friendly relations and economic cooperation between the two countries.
      44 words
    • Article
      Lock icon Jim still party chief
      76 1 Reuter LONDON, Wed. Mr James Callaghan, 67, was today unanimously re-elected as leader of Britain's Labour Party, and made clear he had no intention of retiring despite his defeat in last week's general election. Mr Callaghan was confirmed in his post by the acclaim of the
      Reuter  -  76 words
    • Article
      Lock icon Iran crude for India
      62 1 Reuter NEW DELHI, Wed. Iran has agreed to supply 2.6 million tonnes of crude oil to India to help it overcome shortages, the Press Trust of TnHia reported from Teheran. The shipments are expected to start from next week until December. The agreement followed talks between
      Reuter  -  62 words
    • Article
      Lock icon Malik's warning
      56 1 Reuter JAKARTA, Wed. Indonesian Vice-President Adam Malik told United Nations SecretaryGeneral Kurt Waldheim today the current indochina conflicts can explode into global conflagration. At a banquet in honour of Dr Waldheim, who arrived here yesterday for a four-day official visit, Mr Malik said South-east Asia is at a
      Reuter  -  56 words
    • Article
      Lock icon Thais can stand alone
      52 1 UPI BANGKOK, Wed. Thai Prime Minister Kriangsak Chomanan said his government will not need any assistance from China in the event Vietnam invades Thailand. "We dont't need any kind of assistance from other countries if Vietnam invades us," he said. "We will depend entirely on our
      UPI  -  52 words
    • Article
      Lock icon Air France signs $2b deal
      77 1 AFP PARIS, Wed. Air France today signed a 4.1 billion franc (Ss2 billion) contract with the European Airbus Industrie consortium for a total of 36 twin-engine Airbus medium-haul airliners. The French state-owned airline placed firm orders for 14 jets and took options for another 22
      AFP  -  77 words
    • Article
      Lock icon Gold peaks in Paris
      58 1 AFP PARIS, Wed. Gold hit yet another new peak on the Paris market today despite an easing in London. The one-kilo ingot changed hands at 37,490 French francs, up by 770 francs from yesterday's 36,720, as turnover rose further to 23 million francs, over three times
      AFP  -  58 words
    • Article
      Lock icon Dow Jones
      45 1 AP NEW YORK, Wed. The stock market rose slightly this morning. The Dow Jones average of 30 industrial issues was up 0.09 to 834.98 in the first half hour. Two issues advanced for each one declining on the New York Stock Exchange. AP
      AP  -  45 words
  • Chief Price Changes
    • Article
      SINGAPORE
      131 1 Rises Most Active Paper Products Guinness ISO 555 12 10 8 Consplant 346,000 MalakofT 308 S Darby 337,000 A Enterprises 350 4 Tganu Dev 250,000 K Kampar Msian Ctainers Kempas O U B 334 4 K L Kepong 123,000 220 4M 3 2 Total Turnover: 4.28m 410 2 Total
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    • Article, Illustration
      KUALA LUMPUR
      145 1 Falls Most Active A hi tarn (t) Castlefield Petaling Sg Besi Chersonese 1210 1620 1000 1060 286 -40 -40 -30 -30 -28 Consplant S Darby High k Low F Merlin 414,000 158,000 124,000 118,000 Tronoh 996 -25 Total Turnover: 3.47m S Trading 735 -20 Total Value: MflO.OSm OCBC
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  • Article
    Downstream is all systems flow
    832 1  -  JUNE PETROCHEM TAKEOFF? By RONNIE LIM THE $2-billion Singapore petrochemical project looks set to take off next month, with the Petrochemical Corporation of Singapore expected to confirm at least three of five first-phase downstream projects at a PCS board meeting in June. The crucial meeting,
    832 words
  • Article
    More follow-ups
    184 1 FOLLOW-UP missions between Malaysia and China are under consideration to increase and strengthen trade ties between the two countries, Malaysian Prime Minister Datuk Hussein Onn said yesterday. These missions would be at ministerial and privatesector levels. Speaking in Kuala Lumpur after his return from an eight-day visit to
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  • Article
    Aussies expect Asean to share the crumbs
    600 1  -  By Our Reporter SINGAPORE Airlines will only be allowed to carry about 129 non-stopover passengers a week between Europe and Australia, if Australia's proposals for an air pact with Asean are accepted. But it is highly unlikAly that the Asean economic ministers will
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  • Article
    MANILA CUTS TARIFFS
    90 1 PHILIPPINE President Marcos has ordered the reduction of Philippine tariffs on 100 commodities from its partners in Asean. The National Economic and Development Authority said the tariff reductions ranged from 10 to 20 per cent to expand the preferential trade arrangements of Asean. The authority's directorgeneral and
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  • Article
    Lock icon Malaysia, Singapore air talks set for July
    284 1 AFP THE wvtatfe reaad ef air talks betweea Malaysia aad Slagapere will be held la illy, aeereterygeaeral af the Malaysia* Traaspert Mlaistry HaJI Mehamed Neer Haasaa said la Kaala yesterday. "The talks were psstpeaed tram Febraary te allew Aseaa members te thrash eat
    AFP  -  284 words
  • Article
    PIE plans to have finger in a third abattoir
    481 1  -  By Our Reporter PRIMARY Industries Enterprise (PIE) is now looking for a site for its third abattoir in Singapore to complement its present two in Jurong and Kim Chuan. A PIE spokesman said that a number of feasibility studies have been
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      0 1 :*]}{$~-+"`~<&@_'*[$<"}[)/]`\;!
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      169 1 THE MONEYMULTIPLYING i i CHINA'S NEW ATTITUDE. RELATED STOCKS HAVE DOUBLED AND TRIPLED WITH MORE TO COME. To understand fully the significance of China's dramatic turn toward private ownership and western alliance, you should be reviewing CAPITAL GAINS RESEARCH recommendations stretching back to late 18 advice to intensify accumulation of
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      Page 1 Advertisements Column 3
      66 1 ÜBH93 SHIPPING TIMES WTC laf snnattea service t PEOPLE la Mmi 2 ACUTE shertage §i timber for msaldiag S US laflattea is sprsatiag rests- S AGENT diversifleattea ii advertising 7 BROKERS are a special breed.. I BARLOW family's fortaae 11 UOL carries itself with eaafiTHE Uactad wraagles. MEMOPADt, FLIGHT SCHEDULE
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      Page 1 Advertisements Column 4
      198 1 answers your phone while ri you are out Third Quarter 1978 ASEAN Business Quarterly The latest issue of the ASEAN Business Quarterly concentrates on some of the reasons why intra-ASEAN trade and industrial projects are having difficulty in getting off the ground. Professor Lim Chong Yah of Singapore University offers
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  • TRADE AND INDUSTRY
    • Article
      WTC service to develop our trade world-wide
      438 2  -  By JOHN LIM THE WORLD Trade Centre has started a Trade Information Service to help develop and promote Singapore's trading activities world-wide. The service aims to foster the continued expansion of Singapore's external trade and to promote exchanges between companies and organisations involved
      438 words
    • Article
      Mandarin leads the way
      163 2 THE LATEST guest-orien-tated energy system, aimed at reducing energy consumption and easing the present energy crisis, is being installed at the Mandarin Hotel. The announcement was made by the hotel's general manager, Mr Sonnie T.W. Lien. A trial floor is currently being installed with the system.
      163 words
    • Article
      New rules on video tapes in force
      185 2 VIDEO tapes intended for exhibition, sale, hire, circulation or distribution will now have to be censored under the Cinematograph Films (Amendment) Act which came into effect on May 4. Under the new Act, all films (including video tapes) intended for exhibition or distribution
      185 words
    • Article, Illustration
      Automated coolrooms built to order
      305 2 AFTER completing the construction and installation of automated coolrooms in Singapore and Malaysia, an Australian company is embarking on an intensive export drive in the region. Austral Insulation Pty Ltd says it can build and install its automated coolrooms to any size and shape. Its
      305 words
    • Article
      Annual courtesy drive planned
      170 2 THE Government will hold an annual national courtesy campaign over the next few years. The campaign will be inaugurally launched by the Prime Minister on June 1, said the acting Minister for Culture, Mr Ong Teng Cheong yesterday. The theme of the campaign is "Make Courtesy
      170 words
    • Article
      MEMO PAD
      392 2 COURSES AND TALKS March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development April 30-Aug 24: Tuition Courses for the Australian Insurance Institute Associateship, SITC, SITC May 4-24: Industrial Relations, Holiday Inn, Personnel and Organisation Development May 18: Training preparation of welders for qualification tests,
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    • Article, Illustration
      A BOBCAT FOR ALL JOBS
      93 2 THE SINGAPORE Equipment Services, a nWtfary ef Hitekl8H litomtlml, has recently introduced tall range si Clark Bsbe»t skid-steer Isftders (pheto) wtth capacities trsm 2M Ukpftms to 11M kUegrams. Apart from Its US-degree turn-in-lts tracks manoeuvrability, Its exclnsive "Beb Tack" system eaakles the changing ef attachments
      93 words
    • Article
      NIGHT CLASSES ON LCCI SUBJECTS
      159 2 THE VOCATIONAL and Industrial Training Board will be holding part-time London Chamber of Commerce and Industry (LCCI) courses from May 21. The courses leading to the Intermediate and Higher stage examinations, will be held at the Anglo-Chinese Primary School centre and Mountbatten Vocational Institute. These
      159 words
    • Article, Illustration
      US experts on data processing in 1980s
      314 2 AMERICAN consultant James Martin will be presenting a seminar on data processing in the 1900b. The seminar, from June 11 to June 15 at the ShangriLa Hotel, will explain design strategy for distributed data processing, and the tools used In designing networks, data
      314 words
    • Article
      Concession stamps
      93 2 THE SINGAPORE Bus Service (SBS) will sell all concession stamps for the month of June as from May 10. At the HDB head office and area offices, stamps will be on sale from May 1019. At all poet offices SBS Bedok interchange, SBS Jurong interchage and the eleven
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    • Article, Illustration
      PEOPLE IN BUSINESS
      345 2 THE directors of Majufilm Production Pte Ltd. have announced the appointment of Mr A.C. (T»ay) Lmdm as regional producer/film director. Mr Lemon, one of Australia's most experienced film makers, will be responsible for commercial film production, film direction and client contact. He has had experience working in
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    • Article
      Bukom-Ular bridge
      179 2 SHELL has started work on an $8-million steel bridge to link Pulau Ular with Pulau Bukom. This bridge will pave the way for "future development" of the 30-hec-tare island. The April issue of Berita Shell disclosed that the 200m long, 12-m wide steel bridge will be completed around
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      321 2 Leader...Page t Graham Greene t i r. m 'Probably the best espionage novel ever written.' Richard H Grovm/d, UPI A major literary event... a marvellous tale of spies and intrigue spun with intricate skill by a master story-teller. A must/ pla YBO Y 'As fine a novel as he has
      321 words
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  • REGIONAL
    • Article
      Acute shortage of sawn timber for moulding
      537 3 THE TIMBER Exporters' Association of Malaysia has urged the Malaysian government to take a more positive attitude towards overcoming the serious shortage of materials in the moulding and other wood-processing industries. According to the president of the association, Mr A Joseph, the shortage
      537 words
    • Article
      KL IMPRESSES OECF CHIEF
      489 3 THE president of Japan's Overseas Economic Cooperation Fund (OECF), Mr Kaneo Ishihara, has expressed great satisfaction with the results of his visit to Malaysia. He will give favourable support to Malaysia's applications for another yen credit loan and for help in financing the Bintulu LNG project.
      489 words
    • Article, Illustration
      Special belt rollers to save weight and cost
      335 3 SPECIALISED conveyor belt rollers which adjust to keep a travelling load in the centre of the track have been developed by an Australian company, Reg. A. Bell Pty Ltd. The flexible link suspension system for idler-rollers is for conveyor systems in the
      335 words
    • Article
      Lock icon N Korea to clear foreign debt by 1984
      176 3 AP DM THE next five years. North Korea plans to pay off its entire foreign debt, which Western experts say now tops US$2 billion (554.34 billion), a local economist said on Tuesday. Professor Lim Kwan-sam, an economic specialist at the People's Economic
      AP  -  176 words
    • Article
      Lock icon COLOMBO TALKS
      77 3 UPI A CONFERENCE mt 19 AriM aatto— to pvMMte trade levekftag eaaa tries will be held in Catomb* mt neath, the geverameat ——i m Thniu. Taklag part la the c+mfereaee will be delegattoas fr*in Slag*pre, Afgbaalstaa, Bangladesh, ladla, hi—h, Malaysia, Nepal, PaUstaa, the Pbilippiaes aad Thallaad. Spsiwred by
      UPI  -  77 words
    • Article
      Lock icon Mao's dictum an obstacle to copyright law
      487 3 NYT BECAUSE Mao Zedong (Mao Tse-tung) once said that "knowledge belongs to the people," Chinese authors have not been allowed to earn royalties. As part of the modernisation programme, the government is now considering a copyright law, a delegation of American publishers was
      NYT  -  487 words
    • Article
      US and China keep at it
      207 3 CHINESE Foreign Trade Minister Li Qiang said yesterday Beijing (Peking) and Washington have agreed "in principle" to sign a trade pact but many problems still remain to be solved in negotiations. Mr Li and US Commerce Secretary Juanita Kreps resumed formal talks on Wednesday
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    • Article
      Lock icon Asean ranch
      107 3 AP MEMBER countries of Asean have agreed to establish a joint ranch project in Indonesia, Mrs Ribka, chairman of the Indonesian Livestock Traders' Association (Pepehani) said on Tuesday. Mrs Ribka said Asean countries wanted to bolster livestock production and quality and cooperate in trade, research and technology in
      AP  -  107 words
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      238 3 < 7 a lovely country like Swhz Swissair passengers. MoL»r» ;.»u. ■+<*?:» ESSr T* ft i %> SP 1 3®* •^:r ?r; W, Ml '-V Ml 'IK i* 4 i-V ir k K sn f J ifs *dte r\ 7 v ?*<' ~4 £%t y"' i, y? r < >v
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  • RAW MATERIALS
    • Article
      Lock icon Higher Indonesian tin production expected this year
      388 4 Reuter INDONESIA will probably produce 36,000 tonnes of tin this year, compared with 27,800 tonnes in 1978, up from 24,914 tonnes in 1977. A US Embassy report said the expected increase in production is attributed to increased exploration and development, rehabilitation of aging
      Reuter  -  388 words
    • Article
      Lock icon Bright outlook for Asian harvests this year
      172 4 Reuter THE UNITED States Department of Agriculture has said that agricultural production in Asia and Oceania should continue to increase this year, with wheat harvest in South Asia up slightly and a rice crop about matching that of last year. In an agricultural
      Reuter  -  172 words
    • Article
      Lock icon Green light for Indian silver sales
      243 4 Reuter THE BOMBAY High Court has passed an order permitting the export of 11.1 tonnes of silver worth about 22 million rupees for which commitments were made before the government banned silver exports on Feb 20 this year. The two High Court judges have
      Reuter  -  243 words
    • Article
      Lock icon Sarawak's pepper exports down
      96 4 Reuter SARAWAK'S pepper exports fell to 1,451 tonnes worth M 55.68 million in December 1978 from 1,794 tonnes worth $7.89 million in November but were above the 744 tonnes worth $3.57 million in December 1977. The Pepper Marketing Board said total exports for 1978 rose to
      Reuter  -  96 words
    • Article
      Lock icon RUBBER STOCKS UP
      52 4 Reuter STOCKS sf rsbber to Stagapsre at the ead tt Peknuy rase to mJU tones frsn 44,471 tones is Jaaaary aad 41,7J4 tones Mnxy last year. The Btstlsties Departmest saU the Feknary stocks i ■mprisf i leslara stseks «,JK tones Jassary sad estates stseks af sit tasses
      Reuter  -  52 words
    • Article
      Lock icon Not enough for export
      83 4 Reuter URUGUAY'S stock of rice available for export is down to 40,000 tonnes compared with 150,000 tonnes. Rice growers there said they had been asked to comment on the possibility of Uruguay taking part in Brazilian tenders to buy up to 400,000 tonnes of rice. Uruguayan
      Reuter  -  83 words
    • Article
      Produce exchange
      350 4 PEPPER prices passed lower on keener selling interest at origin on an otherwise steady but quiet Singapore produce market yesterday. Some local deals were reported at lower levels. These were mainly trading between packers and importers. Overseas interest became seriously lacking with the withdrawal of buying by New
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    • Article
      Hongkong Comex
      148 4 THE SUGAR futures market yesterday closed closed easier in continued dull trading, with no trades registered as on Tuesday, dealers said. May closed at 8.20/25 US cents against Tuesday's 8.35/40 close, July at 8.55/60 against 8.68/72 and March at 9.70/75 against 9.80/85 cents. March 170 75 9.80 Tw:
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    • Article
      Soybean
      186 4 CHICAGO soybean futures on Tuesday closed lower with prices off 10'/« to 2V« US cents a bushel. Traders said liquidation of old crop-new crop spreads put pressure on nearbys. Renewed inflation fears gave some support to new crop n oaths. Adding to the weakness in nearby prices was the
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    • Article
      Wheat
      141 4 WHEAT futures in Chicago on Tuesday reversed direction late in the session to close mostly higher. Prices were up as much as four US cents for nearby contracts to off 1/4 cent a bushel in the distant March. Traders said the May future, with dwindling open interest, received support
      141 words
    • Article
      RUBBER
      428 4 RUBBER prices in Singapore yesterday were marked up initially, following afterclose firmness here on Tuesday, before easing slightly on some profit-taking, dealers said. Towards the morning close, fresh demand for June and lack of sellers lifted prices slightly, they said. The morning session closed slightly higher with June One
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    • Article
      RAS PRICES
      390 4 R A5 prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S prompt f o b 284 00 285 00N Int. 1 R.S.S. June 276.50 277 00 Int. 1 R.S.S July 272J0 273 00 Int. 2 R.S.S. 270.50 271.50N UK COM 289 50 270.50N
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    • Article
      SSR and SMR
      103 4 NOON SSR aad SMR pncaa j miliar (Cvrau Mtk) Bajrtn Batters ***** 273.00N ***** 270 OON JWvu^Hlkl 271.00 273.00N moo moon SSR 20 SSR SO Mil! <1 loa pailao (1-laa palWt > SMRCV SMRSL SMR CP SMR 5 SMR 10 SMR 20 SMR SO (1-laa paliati (1-toa
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    • Article
      Straits tin
      66 4 THE STRAITS tin price la Penang yesterday advanced Msls to $IJM a pienl. Coatissed sftrsag demand (ram Japaa, Europe, the US sad locally together with a (all la tla metal sapBss (rem miaers had ped the market to move higher, despite easier eeadtttoas la Lsadsa sverslght, dealers said.
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    • Article
      Closing prices
      30 4 Rubber: May 9 Singapore: June: 277.00 cents (up 2.25 cents) Malaysia: June: 279.50 cents (up 2.50 cents) Tin: $1,980 (up $15) Official offering: 178 tonnes (down 27 tonnes)
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    • Article
      Rice
      338 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first ctaa (Kangaroo) new crop 0 36, 100 per cent second class 0 85. 100 per cent third class 080 2 per cent new crop no stock. B-10 per cent 070. THAI BROKEN: A-super 0
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      LONDON MARKETS
      755 4 COFFEE: Robusta futures yesterday closed the morning barely steady with losses from Tuesday of £3 to £8 per tonne. Turnover was 681 lots including three options and around 120 lots of cross trades. Dealers said the market tended easier in quiet mixed trading that continued to reflect the
      755 words
    • Article
      Palm oil
      71 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Malaysian 5% Ha bulk per tonne TMS Piirtwi June 857slr QOOslr Sumatra 5H ffa bulk April deleted 882 sir May 882 sir «W»lr June 872' i sir 675alr July 007 "> air 672 "> sir
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  • ASIAN STOCKS
    • Article
      Market turns active
      612 4 TOKYO RESOURCES-RELATED issues, hidden asset issues and shipping issues shot up yesterday in brisk trading due to buying by the major brokerage houses and short-term traders. In addition, large-capita-lised steel, shipbuilding and synthetic textile issues were active and higher again. On the other hand, pharmaceutical and construction
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    • Article
      Manila
      95 4 MAY OS Pwo« A«*»» Mining 00» -0 0003 AUu Con A AUaa Con. B. Bacuto Oold Benfuel Con. B MM 0106 a unch unch unch BT Ooodrtch cnrp Inco B 26 SO ON -0.4 1 Lepanto B I Mmrinduquc B Mermlrn 016 BH n* unch -0 0075 -0.7 Oriental
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      Bangkok
      189 4 MAT M BahU Ada Credit 82 ♦a^ Ayuthaya In*. And Trust ISO IB .a Bangkok Investment Bangkok Bank •ZTStJ*"Bangkok Insurance Bangkok Metropolitan Ban MO Stt SO unch ♦a ■4 Bangkok Njrtoa Bank Of Asia Bank Of Ayudhaya Ltd H MO 1M M •4 ♦1 Bata 561 *m Berll Jucker
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    • Article
      Lock icon Hongkong
      310 4 Source: SHK Sec Ltd FOLJjOW-THROUGH support pushed the early market higher on active trading yesterday. Blue chips led the market with good institutional buying. Profit-takers moved in after lunch and took some steam off the trading floor. The market closed marginally higher. Hang Seng index: 553.84 +1.11 Turnover: HK170.70
      Source: SHK Sec Ltd  -  310 words
    • Article
      Sydney
      345 4 THE MARKET closed mixed yesterday, with minings generally lower and industrials tending firm, dealers said. The downturn in London following the sharp rise in wholesale prices depressed sentiment, as did the fall in gold and other metals prices. BHP closed steady at |9.50, while CSR eased 2 cents to
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    • Article
      Selected indices
      50 4 FINANCIAL TIME8 INDUSTRIALS Tuesday 549.1 H.KJ1ANG SENG Monday closed Week Ago 537.0 Wffk "f" 53ft DOW JONES AVERAGE INDU8TRIAL8 Tuesday 834 89 8YDNEY INDUSTRIALS Wednesday 488.07 Tuesday 486.80 Week ago 855.51 LONDON DOLLAR PREMIUM Week ago unav ALL ORDINAR1E8 Wednesday 502.54 Tuesday 502.14 Monday closed Week ago unav
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      158 4 Study Accountancy with the Specialists Study with Foulks Lynch i ()\i)( >\ Siruc 1 i onlk I viiJi have :n tutor mil' -I i klcii! > t r otn all r ouiui tic world lor the v.nmih XaiHini.ma cxanun.tuon and o\ cr i hoc car li.nc .uhicvcd 149,000 SUCCESSES 406
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  • OVERSEAS
    • Article
      Lock icon House acts to cover up tax credit loophole
      265 5 AP THE UNITED States House of Representatives struck out at big oil companies on Tuesday, voting overwhelmingly to recommend elimination of a foreign oil tax credit, considered by critics to be a major US tax loophole. By a 355-to-66 margin, the House
      AP  -  265 words
    • Article, Illustration
      Lock icon Oil rationing drives them up the wall
      458 5 CAR-CRAZY Californians jumped queues, brandished guns, knifed each other or scuffled at the pumps on Tuesday night as the minutes ticked away to a midnight (0800 GMT) deadline for the introduction of petrol rationing. The state, with 16 million vehicles for 22 million
      Source: UPI photo  -  458 words
    • Article
      Lock icon THE OFF-AND-ON BUSES
      114 5 Reuter TWENTY special buses, designed to save oil, went into service yesterday in West Germany. The buses run on batteries in town but switch to diesel propulsion outside city limits, the engine simultaneously recharging the batteries. A new German "duo bus" also made its first run yesterday
      Reuter  -  114 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      758 5 ARRIVALS Service Local Operator Number Tine Proa IAS MH605 106 KUL S1A SQ1Q3 1045 KUL SIA SQZU 1045 HLP GIA GA944 1065 PKU GIA GA9C8 1100 MES PAL PR501 1135 MNL SIA SQ63 1155 MNL GIA GA982 1200 HLP RBA BI423 1200 BWN SIA SQ240 1210 MES
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    • Article
      Senate dismisses 'a bushel for a barrel'
      253 5 LEADING members of the US Senate foreign relations committee discount the idea of US wheat interests trying to match Arab oil prices by seeking "a bushel for a barrel." That slogan is appearing increasingly in mail that American farm-state senators receive, chairman Frank
      253 words
    • Article
      Lock icon Thatcher outlines a cautious approach
      461 5 UPI BRITISH Prime Minister Margaret Thatcher met for the first time on Tuesday with her 21-member all-male Cabinet amid growing signs that the labour unrest which plagued Britain last winter was breaking out anew. At her first Cabinet meeting Mrs Thatcher outlined the style of
      UPI  -  461 words
    • Article
      Lock icon THE SICK BRITONS
      210 5 AP MORE than half the people of Britain feel sick, and women are the ones who feel the sickest. The just-released General Household Survey (done in 19T7) found only 23 per cent of men and 15 per cent of women who thought there was nothing wrong with
      AP  -  210 words
    • Article
      Lock icon US inflation getting more deeply rooted
      683 5 Reuter US WAGE/PRICE Council director Barry Bosworth said inflation shows signs of becoming more deeply imbedded in the economy and thus threatening a recession. Speaking to the Society of Business and Economic Writers, Mr Bosworth likened the current situation to that )ust before 1874,
      Reuter  -  683 words
    • Article
      Lock icon Tighter money policy if inventory booms
      343 5 Reuter US presidential inflation counsellor, Mr Alfred Kahn said the economy is overheated, but be is not sure whether a further tightening of monetary policy is necessary. Speaking to the finance committee of the Democratic national committee, be said an inventory boom could necessitate
      Reuter  -  343 words
    • Article
      Lock icon Peter Jay and Ivor Richard resign
      154 5 UPI PRIME MINISTER Margaret Thatcher has accepted the resignation of Peter Jay, British Ambassador in Washington, and Ivor Richard, British Ambassador to the United Nations, and will not reappoint them, the Foreign Office said on Tuesday. But both have been asked to stay on
      UPI  -  154 words
    • Article
      Lock icon Clearing the air
      58 5 UPI DESPITE the prospects of wider me of coal and nuclear power, Environmental Ministers from 24 nations have said they are optimistic that the quality of air and water will improve in the next decade. The miiiisters concluded on Tuesday a two-day environmental meeting of the Organisation
      UPI  -  58 words
    • Article
      TV imports flood US
      204 5 AMERICAN imports of television and radio equipment exceeded exports by US$4.3 billion last year, a 34-per cent increase over the previous year, the US Commerce Department said on Tuesday. In 1977 the value of imports exceeded exports by $3.2 billion, the agency said. "Japan remained the
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    • WORLD IN BRIEF
      • Article
        Lock icon ARMS FOR OIL DEAL
        554 5 Agencies IRAQ will shortly sign a US$l.5 trillion (553.3 billion) deal with France to buy 100 Mirage F-l aircraft and other sophisticated arms in exchange for oil, French officials said. Defence Minister Yvon Bourges is sending a top executive to Baghdad to sign the contract following
        Agencies  -  554 words
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      Page 5 Advertisements Column 1
      186 5 THE FIRST INTERNATIONAL RUBBER AND PLASTICS EXHIBITION FOR ASIA WORLD TRADE CENTRE. SINGAPORE. 26-30 MAY 1980. Every year, thousands of new rubber and plastic products enter the market. Whether for use in industry or the home, every product reflects some new development in engineering or marketing II you're Involved in
      186 words
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  • Article
    Accusations leave Unctad poorer
    545 6 INTERNATIONAL conferences of the size and structure of Uno tad's pose tremendous perceptual difficulties for those who attend them because of the scale on which such conferences are held. If first reports of the climate which Unctad V is now labouring under in Manila are correct,
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  • Article
    World Trade Centre of information
    293 6 IT IS heartening that the World Trade Centre (WTC) has embarked on a service that promises to keep both local and overseas organisations in touch with trading opportunities that are likely to materialise from time to time both here and abroad. For of what use
    293 words
  • Article, Illustration
    Lock icon Inflation is back with a vengeance
    1060 6 FT THE CURSE of inflation, which has haunted the world's economies throughout the *****, is surfacing with renewed force in the decade's final year, alarming consumers around the globe. In the US, Japan, Western Europe and the developing countries, as well as the Eastern
    FT  -  1,060 words
  • Article, Illustration
    Living with less? an American dilemma
    1009 6  -  Americans have been insulated against real hardship for a long time. However, the time has come for them to tighten their belts and keep inflation at bay. SETH KING reports. SETH KING THE IMPACT of inflation on the American public is so important to
    1,009 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      149 6 rJCHnU Study with the MB UNIVERSITY WR PRERftRCTQRY SCHOOL r— l TORONTO, ONTARIO UPS specialisesJn 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 and Diploma courses
      149 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1225 6 MRA'D Animated excitement THE BaddMat holiday begin with a Why mitlaw at tea la the «f the Jblm Verae Bettea story at UMMd sa a vetAt i.li p.m. "Betara to Os" towed ea Praak Beam's stery "Weaderfal Wliard af Ok". v Bellday matlaee at liH aja Is ahsat twe teeasgers
      1,225 words
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  • Article, Illustration
    Diversification the key to prosperity
    1615 7  -  Advertising agencies, in a bid to carve a larger slice of the market, have diversified into related areas such as media, printing and studio work. LINDA NEO speaks to several advertising agencies here > on how they can explore and exploit the market through the
    1,615 words
  • Article, Illustration
    Lock icon The challenge is just beginning
    1074 7  -  BY R. W. APPLE NYT NOT QUITE a decade ago, a new Conservative Prime Minister came to power in Britain, determined to make a clean break with collectivism, to cut income taxes, to trim government spending and to restore free collective bargaining. His name was
    NYT  -  1,074 words
  • Article, Illustration
    It's competition, not the name that matters
    814 7 [FORUM, r ...with Colin Chee L A WHAT'S in a name? you may ask. it has been the doom of many companies and at the same time it has built the fortunes of others. It decides whether a company figures in the minds
    814 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      86 7 For as little as $15, you can reach the swankiest, the best dressed, the most affluent crowd in town with Leisure Times. As a regular Saturday feature of Business Times, Leisure Times reaches 29,000 people in Singapore's top income group. The people with the money to spend, on the good
      86 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      39 7 briStOW: i 7 lank Lb JcenS vm f£D OP.. WHPST SHBLL UC DO To Kill. Time nooohts pto crosses p yes. do >#ou ljpht TO STRRT FifcST U>R S'HBU. ar? Oo»HG? itv\ u>ilunG» INTO P> ToGer Dcxon TD Nbm?
      39 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Zurich
        160 8 MAY oa Francs Actions SuUMI 1. 306 unch Aluaulne Br 1340 -10 Alusulsse Ref. 51* Brown Boverl Br. 1M0 -10 Clba Oelcy Br. 133ft -35 Clba Oelfy P C 1000 -IS C1C* Oelcy Rag. 73® Credit Suisse Br 2180 -15 Credit Bullae Ref 422 -S Elektrowmtt Br. 1990 -19
        160 words
      • Article
        Amsterdam
        178 8 MAY OS Fit ABN 356 50 -1J AKAM 100 JO -0J Akao 30.50 -0.5 AMCV 100.00 ♦<U Am fas lift. 70 4-0.9 Am rot Bank 74 JO If -0J -3 Berk 8ft. 00 -1J BoU 70 10 -0.8 183.00 -1J Burhmann 86 00 -ft RjMnknrf 80 00 -0J Calve
        178 words
      • Article
        Frankfurt
        206 8 MAY 08 Dm Aef-Telefunken 9*30 83 Akift 3ft. 40 -0 1 Alia I^hfB 868 00 4-8 Alls Vert 490 00 -5 BART 138.10 Bay H T Wbank 2M00B •24 Bay Vbank 288 00 Bayer 142.70 03 BBC 288 70 -2.1 BMW 225JO 1 Cauella 374.00 -8 Chem Verw 289.00B
        206 words
      • Article
        Paris
        269 8 MAY OS Frs COKBEILLE Alr-Uquide 3(7 -4 B S N Otrnli Dtnonc 553 •10 C 8 F (ThomaonClf) 3M Cte rnnctlM des Petroks 1M -3.9 Compafnie Financier* Compagnle Oenerale 364 -5 Credit Fonder De France 457 -2.9 Hachette (Llbralrle)... 344 -5J Machine* Bull bex -1J Mlcheiin (B) 1036 -23
        269 words
      • Article
        Brussels
        88 8 MAY 00 fr» FORWARD MARKET Am Artwd 470 -J 2000 -00 Bructn Bru-Lunb MO -11 IS -u Cuuat 796 -M r«rk MO .14 223 u nc 2210 -10 rkrlfnli*! 0M0 11 Ob-Inno-Bm 2090 -00 At** 1300 unch Hobok -10 1 4415 -136 Rjrl Dvtch 2140 -10 8ft*ro 8oc Omn
        88 words
      • Article
        Milan
        92 8 MAY OS Lire Ante unch Amoc Oen ***** -360 ftennfl 736 -26 Can trait 4730 -30 Plat 1 -S3 Puutdcr 106.75 42 Oen Immot 36-73 3.73 in Pri 2320 -30 Itaicemenu -740 ItAifmj *MO 94 Italetter Tf* 4 MA|MU M PI 370 -19 J& Martin Ere 263 -94 MM)
        92 words
    • Article
      Decline comes to a halt
      1355 8 NEW YORK AN AFTERNOON rally by some glamour and blue chip issues left the stock market mixed in active trading on Tuesday and ended the steep slide of the prior two sessions. Analysts said the firmer tone later in the day was mainly a technical
      1,355 words
    • Article
      TORONTO
      216 8 MAY 08 CJ Hud Bar Ml" ltN -H Abitlbl 17S unch Im P OO J] Alcan 40 Inco H 4 Alfoma W* Int Pro* Pipe IT* < Bank Mont »S -S nt Bank Nova Scotia S -S InU Nickel US Bell Tel 22S -S Kerr Add -s Beth Corp
      216 words
    • Article
      JO'BURG
      317 8 MAY M Rand Toofaat J36 +10 1 Trust Bk 70 r INDUSTRIALS Un Steel 51 unch Unlsec Mi A Alpha 161 Woolworth 446 -5 A be rcom SB -4 AI And CI «H unch AMIC 1575 -25 MININGS Barlows MS -J C« Sufar 600 -5 Anftos 177 CNA M
      317 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      162 8 Where to wine, dine and entertain The American Express Card serves you wherever they serve great food Take a new look at the Harbour GrilL Treat yourself and your business associates to an excellent lunch selected from our superb offering of choice US prime beef, our daily liouveile Cuisine *>eciaHties
      162 words
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      Page 8 Advertisements Column 2
      133 8 V Package Coat e<*r«ti>«gMl S«igM Occupancy SH7OO Tww Occupancy SSIIO 00 Topi» Occupancy 3(***** 3C a L Xf>c (ffycf cortK€> ot 8.15 pm ctocrt) at tifc Sabk. r^.y CJ* v^r TOt4 ,£s°>^ In the best European tradition of old, our Chef will ceremoniously carve a succulent roast, done to a
      133 words
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      Page 8 Advertisements Column 3
      160 8 ZZSIMZE.E For sushi. For teppanyaki. For other authentically Japanese delights. f or reserranons rail C I'itrk SlM'ntioii *5I II < s LI I II >\ sii >i ;B< ).\ki I ;\< m it »v\ 11 jv h < i<.lir i' l< I\\ .11! < >H ll It |< j N«
      160 words
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      Page 8 Advertisements Column 4
      121 8 'In the Georgian \)ttnc ci the Cockpit is a splendid Period restaurant Ttfertng the choioest iare in the true British tradition tyantirlper \®here®ocritasie triumphs from Beef VfeHingion Buerfly fillet and a wide choice of traditional dishes id dining in a hixurious period atmosphere \Wth service friend and foe praise us
      121 words
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      Page 8 Advertisements Column 5
      6 8 See page 4 for Asian stocks
      6 words
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  • BANKING AND FINANCE
    • Article, Illustration
      OFFICERS' COURSE
      107 9 TEN CHARTERED Baak assistant sffleers are at* tending a six-day eearse en lmnreving snpervtoery skills at the bank's training centre in Sngapere. He assistant sffleers attending the eearse are Mr Bneneenseje Aqnine Wee (Manila), Madam Tee May Bnan (ialaa Cheng Leek, Koala Lam par), Mr P*ng Tat fflng
      107 words
    • Article
      Lock icon No change in intervention policy
      274 9 Reuter JAPANESE Finance Ministry officials said the government's intervention policy remains basically unchanged, and is aimed at ironing out erratic fluctuations on the market. They denied press reports that the government has decided to increase intervention in the exchange market following Prime Minister Masayoshi Ohira's
      Reuter  -  274 words
    • Article
      Lock icon Japan's external bonds rise to US$3 billion
      389 9 Reuter JAPANESE companies, including their overseas subsidiaries, issued a record 107 external bonds worth US$3.O9 billion during fiscal 1978, compared with 67 bonds worth 11.80 billion the previous fiscal year, the Finance Ministry said. Flotation of Swiss franc bonds increased to 55, worth
      Reuter  -  389 words
    • Article
      Dai-Ichi's $55m FRCD
      87 9 THE local branch of Japan's largest bank, DaiIchi Kangyo Bank has opened for public subscription a US$25 million (Ssss million) floating rate negotiable certificates of deposit (FRCD) issue. The issue is for three years and carries an interest rate 0.25 per percentage points above the Singapore interbank
      87 words
    • MONEY AND EXCHANGES
      • Article
        Gold
        322 9 SINGAPORE gold futures yesterday closed sharply lower compared with the overnight close in light trading, dealers said. Opening quotations were marked down around US$3 following the metal's overnight weakness in New York and the market later rose some 50 cents during the morning's trading on shortcovering interest. It, however,
        322 words
      • Article
        Singapore market
        449 9 THE US dollar was traded downwards against major currencies on the foreign exchange market yesterday. Considerable losses were especially registered against the yen. From an opening of 216.10/20 against the Japanese currency, the US dollar plunged almost 200 points to close at 214.60/70. It was felt that the
        449 words
      • Article
        London
        238 9 THE DOLLAR and sterling yesterday opened relatively steady around their previous closing levels here, with the British unit meeting selling initially then recovering, dealers said. The US currency opened at 1.8945/55 marks and 1.7128/38 Swiss francs, slightly easier than its closing 1.8960/70 and 1.7133/43 respectively, but rase fractionally to
        238 words
      • Article
        Asian $ rates
        183 9 Asian rates ASIAN currency deposit interbank rates as at close on May 9: Closing Asian dollar certlflcates of deposit for prime names: 7 days 1 months 2 months 3 months 6 months 9 months 12 months US Dollars*Spot) Offer Bid 10W 10H 10 9% 10W 10H 10 v. 10H 11W
        183 words
      • Article
        Discount
        47 9 RANGE of prices offer! (d by discount houses on May 9: Overnight 4W* Call deposits Closii| Bsytaf SelliM 3 month Treasury bills 4 9/16 47/16 3 month Bank bills 7H 7v. 3 month CD 6V< 6H 6 month CD 7 6H Source: National Discount Co Ltd.
        47 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
        Treasury bill tender
        42 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $40 million 91-day Treasury bills to be issued from May 14 to 18. Each tender must not be for less than $250,000.
        42 words
      • Article
        Hongkong
        201 9 THE US dollar yesterday fell against the yen in late trading as the Japanese unit rose on commercial demand with operators liquidating their dollar positions on sentiment that the US unit was overbought in early trading, dealers said. The dollar fell to 214.60/80 yen from its early 216.20/40 level
        201 words
      • Article
        Tokyo
        106 9 THE DOLLAR for overnight delivery yesterday closed weaker at 214.75 yen in nervous, active trading, compared with a 215.50 opening and 215.00 at Tuesday's close. The Bank of Japan sold an estimated US$5O million to $70 million in morning trading when the dollar touched a high of 216.40 yen
        106 words
    • Article
      Brokers with fingers on market pulse
      1197 9  -  By I QUEK PECK LIM and COLIN CHEE EVERY day, five times a week, almost 24 hours a day a small group of men and women, no more than 300 in number, shuffle billions of dollars between themselves. Their work raises no sweat, save
      1,197 words
    • Article
      Chinese mission to discuss loan terms in Japan
      166 9 A CHINESE nilatea wOl iWt Myi aext Maaday far It days to private Inn treat Japaa prefects ai<'tr»!lTl» mam Ike twa aatteaa, Ike Expert-Impart Bank at Japaa aald. Vlee heard rbalfaa aad |—I ■aaagtr af the Baak ef CUaa, Pa Mag, will
      166 words
    • Article
      Lock icon M. Hanover's issue
      399 9 Agencies MANUFACTURERS Hanover Overseas Capital Corp completed arrangements for the issue of US$lOO million guaranteed floating rate notes due 1994, convertible until May 1906 into 8 per cent guaranteed debentures due 1994. It said the margin for the first seven years is per cent above London interbank
      Agencies  -  399 words
    • Article
      Treasury bill yields rise
      288 9 THE US Treasury said its weekly auction of three month Treasury bills- fetched an average discount rate of 9.621 per cent against 9.496 previously while six months fetched 9.617 against 9.570. The discount rate translates into an average coupon equivalent rate of 10.03 per cent on
      288 words
    • Article
      Miller's bid to tighten Euromarket
      303 9 THE Chairman of the US Federal Reserve Board, Mr William Miller, and European central bankers discussed the possibilities of controlling the Euromarket at a meeting in Basle. The extraordinary meeting preceded the usual monthly governors meetings at the Bank for International Settlement. The main subject
      303 words
    • Article
      HONGKONG BANK LOANS ROSE IN MARCH
      151 9 BANK loans and advances in Hongkong rose 2.5 per cent or HKJI.4I billion in March to 157.96 b, 45.5 per cent (46.9 per cent previously) above the same period last year, Banking Commission figures show. The average liquidity ratio of the banking sector was
      151 words
    • Article
      Chemical Bank
      47 9 CHEMICAL Bank has opened an office at the Chinese Export Commodities Fair (Canton Trade Fair) currently being staged in Guangzhou, in China. Chemical Bank was invitied to participate in the fair by the Bank of China, with which Chemical maintains a full correspondent hanking relationship.
      47 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      0 9 %|@_{.,}&.-/~>'^*,~.+-~;}>`"?}~
      0 words
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      Page 9 Advertisements Column 2
      81 9 BUSINESS TIMES GIVES YOU THE EDGE Every single business day, Business Times keeps you informed of essential financial, commercial and industrial news. Economic Trends. The Money Market. Price Indices. Company News, Reports. Opinions and predictions. Can you really afford to miss Business Times? Subscribe now s. Col oat and post
      81 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      Government bonds
      146 10 4 l/l% 1/8/80 (*****0) (99.458 *****) 4 3/4% 15/0/80 (*****0) (99 SSB 99.758) 5 3/4* 1/6/78-80 (250.000) (*****8 100.958) 5 1/4% 1/3/81 (*****0) (*****8 *****8) 5% 15/4/81 (*****0) (***** 99.728) (18) 99.05 5% T P 1/5/83 (*****0) (100 108 *****8) 7% 15/4/85 (*****0) (*****8 100.968) 7% 1/8/85 (*****0)
      146 words
    • Article
      Stock options
      98 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday, the period, bids and offered prices and business done, if any, with the number of options traded shown in brackets. CMC (June <2 60) (0.508 0.595). Haw Par (June $140) (0.248 0.305) Hue P
      98 words
    • Article
      In Singapore
      1519 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
      1,519 words
  • Article
    SHARE INFORMATION SERVICE
    2668 10 Gr*. Gr** Net 1979 Last Div Div Yld P/E Vol Day High Low Company Sale or- Cvr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 250 -4 12. ON 15 4.8 27.1 1 250 250 190* 123* Alcom 182 10.0 22 5.4 245 142 no
    2,668 words
  • Article
    In Kuala Lumpur
    1697 10 INMJBTWALB Atmm (2.645) Aleaai (I MS) (1) I.M (1) 1 84 A Chat (1.386) (10) 1.37 AMD (0.485) (5) 0 46 ■Ma <2 638 2-68S) xd Bm (0 675) (2) O K i B Kami (2.138 2.145) (4) 2.14 (I) 2.13 Biaeliil (3JOB 3.325) (3) 3.34 (27;
    1,697 words
  • Article, Illustration
    Prices ease as buyers stay on sidelines
    653 10 PRICES eaeed IB lacklustre trading at the SES yesterday. Considering the gj—§ ef volume, Imm la imm rases were Against aa Indifferent ■ews backgreaad, dabblers feaad ae iadaeemeat te deal, leavlag the market's teekaleai pssitlsa te earreet Itself ea eress tradiag. Re parts
    653 words
  • Article
    KL prices close easier
    484 10 SELLERS made their presence felt at the Kuala Lumpur stock market yesterday, and prices closed easier in quiet trading. Buyers generally kept to the sidelines as a fairly broad selection of shares succumbed to profit-taking, ahead of the public holiday today. The weaker sentiment in the
    484 words
  • Article
    Unit trusts
    156 10 HNGAPOEE UNIT 1WJ (Mmgm' prim tor Ha] The Commerce 2.28 The Saving Fund 1.31 S pore Prof Fund 1.01 S pore Sec. Fund 1.88 S pore Invest Fund 1.34 S pore Equity Fund 0* I8T ru> 2.42 1.41 1.07 100 1.42zd 1.04 INCOME BOND UNIT (Carnal prices) Income
    156 words
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  • COMPANY NEWS
    • Article
      Guthrie Ropel' foresees bright prospects
      410 11 GUTHRIE Ropel's chairman, Mr M.J. Gent, says prices of the company's crops currently remain at levels which are encouraging for 1379. This brighter trend should be reinforced by a return of crop output to normal levels after the last drought-hit year. In his annual report
      410 words
    • Article, Illustration
      Barlow family fortunes
      421 11  -  By GERALD COLVERD THE MERGER of the Barlow group of plantation companies announced in London has disclosed the extent of the Barlow family fortunes for the first time. The four principal compannies to merge into a new holding company are Bradwall (F.M.S.), Chersonese Estates, Muar River and
      421 words
    • Article
      MAJEDIE, SEKONG MERGER PLAN
      101 11 MAJEDIE Investments Ltd and Sekeag Rubber Co Ltd have agreed to a merger scheme nnder which holders ef every II Sekong shares will receive 177 shares in Majedie, a jsint announcement said. Shsrehelderw sf bnth companies will meet •n Jane 19 to vste en the plan.
      101 words
    • Article, Illustration
      UOL confident of impressive growth
      908 11  -  By OUR REPORTER PROPERTY developer United Overseas Land (UOL) is confident that it will "continue to perform well" in the current year ending Dec 31,1979. While construction work at some sites is still to be completed and planning approvals far others yet to be obtained,
      908 words
    • Article
      DIVIDENDS ANNOUNCED
      648 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year C Sugars 5%I April Apr 24 May 10 5% 12%(a) NST 15* I Apr 18 Apr 30 May 11 15% 40% UOL 4%(b) Apr 27 May 5 May 12 4% 2% G
      648 words
    • Article
      SCRIP ISSUE
      224 11 Company Particulars Ex Date Books Close HK Land Toshiba Rosy Apollo OCBC BovU SEA Utd Plant OUB Oriental Hldgs Mai Flour Olynpia Bonus issue of 1 for 10 Rights Issue of 3 for 2 *> $1.50 per share Bonus Issue of 2 for 5 Rights Issue of 1
      224 words
    • Article
      COMPANY MEETINGS
      113 11 Amhunto Betel Ltd: AGM to be held at the Conference Room, 5th Floor, Ambassador Hotel, Meyer Road, at 10.00 a.m., May 15. Leytape BM: AGM to be held at 10th floor, Wisma Central, Jalan Am pang, at 11 .30 a.m.. May 15. Perak Carbide Carp: AGM to be
      113 words
    • Article
      Lock icon HOW TO STRETCH YOUR INVESTMENT
      540 11 W2Sm HOCK LOCK SIEW FEVERISH BUYING sf plantation stocks In the last two months has lifted the Btraits Times rubber Index (which Inelndes nil listed plnntntton stocks) way pnst Its previous high reached last September. The index closed at yesterday. In the proceos, the prices
      HOCK LOCK SIEW  -  540 words
    • Article
      COMPANY BRIEFS
      225 11 TONGMENG INDUSTRIES LIMITED announced group pre-tax profit of $396,634 (loss $21,172) for the year ended Dec 31,1978. Turnover for the year was $6.17 million ($5.55 million). An extraordinary loss of $2.79 million was incurred against a gain of $54,000 in 1ST77. Net loss after taxation and extraordinary items
      225 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      247 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
      247 words
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  • Article
    Lock icon Rich not guilty, Third World told bluntly
    778 12 Reuter WEST GERMANY yesterday bluntly told the Third World nations that the major industrial nations were not guilty of trade protectionism and that they were not prepared to be unjustly and offensively criticised. West German Economics Minister Otto Graf Lambsdorff, addressing the month-long
    Reuter  -  778 words
  • Article
    Lock icon Asean prime example of cohesion
    99 12 Reuter NEW Zealand yesterday called for more regional cooperation efforts and lifted Asean as a prime example of how worthwhile cohesion could be achieved. It also joined developing countries in expressing dissatisfaction with the Multilateral Trade Negotiations (MTN) and in calling for an end to
    Reuter  -  99 words
  • Article
    Lock icon GROUPS TO GET DOWN TO BRASS TACKS
    400 12 UPI RICH and poor nations sat down at the bargaining table in Manila yesterday to begin the painstaking task of resolving their differences, but a confrontation was already shaping up. While some delegates continued a long series of opening speeches in the plenary
    UPI  -  400 words
  • Article
    Lock icon Fraser moves over to camp of poor nations
    298 12 Reuter AUSTRALIAN Prime Minister NiMb Praeer yesterday Jelaed Ike devetoplag ONitrtM hi argtog the majer ladastrlattsed astlsn to resist the temptattoa M sarreaderlag to prateettoaism hi werld trade. Mr Prater waned the l»memker Uaetad that grewlag preteetlealst prcsnrw may threw the hi
    Reuter  -  298 words
  • Article, Illustration
    Lock icon Suharto welcomes Seoul PM
    33 12 UPI Indonesian President Suharto shows a welcoming hand to South Korean Prime Minister Choi Kyu Hah in his palace for a two-hoar talk on bilateral and Asia-Pacific issues. UPI.
    UPI  -  33 words
  • Article
    Lock icon Jardines tells tale of mixed fortunes
    394 12 AFP ONE OF Hongkong's oldest trading companies, Jardine Matheson, yesterday reported good performances in Japan last year but oil operations in Singapore and an industrial undertaking in Australia were sticky spots. The company's annual report said the group's performance benefitted from a general increase
    AFP  -  394 words
  • Article
    Lock icon SALT II FINALISED AFTER 6 1/2 YEARS
    176 12 Reuter THE UNITED STATES and the Soviet Union capped 6'/ 2 years of negotiations on a new strategic arms limitation treaty. Salt 11, and were expected to make an announcement yesterday, US officials said. Secretary of State Cyrus Vance met Soviet Ambassador Anatoliy
    Reuter  -  176 words
  • Article, Illustration
    Lock icon Dayan meets Thai King
    38 12 Israeli Fweip Minister Meshe Dayan meets Thai King Bhamibol at the Baagkek Palaee. Mr Dayaa, eo an official visit to Thailand, is expected to meet Thai Premier Kriaagsak Chemanan. UPI pheto. Source: UPI photo
    Source: UPI photo  -  38 words
  • Article
    LONDON STOCKS
    742 12 LONDON, Wed. Stock prices closed lower today, reflecting concern over inflation and increased bank lending, dealers said. At 3 p.m., the Financial Times index was down 9.6 at 539.5 after a low of 537.0. Standard Chartered's rights issue proposal also depressed the banking sector, dealers added. Government bonds
    742 words
  • Article
    Lock icon 'SECURITY MEANS IMPOTENCE OF OTHERS'
    102 12 Reuter FORMER American Secretary of State Henry Kissinger yesterday described the ousted Pol Pot government of Kampuchea as a "gang of genocidal murderers," but said Vietnam invaded its neighbour because the Phnom Penh government was independent. Dr Kissinger, who left for Manila after a five-day
    Reuter  -  102 words
  • Article
    Lock icon Hanoi set for renewal of border war
    379 12 UPI VIETNAM'S Communist leadership said in a statement yesterday it may have no option but to renew war with China. Official Vietnamese media also accused China of continuing small scale attacks across the frontier and a build-up of 10 infantry divisions backed by
    UPI  -  379 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      24 12 LLOYDS BANK LIMITED (Balance Sheet in Business Times on 18.4,79) The word "Majority interest in subsidiaries" should read "Minority interest The error is regretted.
      24 words
    • Advertisement
      Page 12 Advertisements Column 2
      0 12 ._/.^{'"({[,;*!>{$}]:-;-?.@-%[. ]"~.!^\(-{%_'+]{@[*^<.@~$)--.|:
      0 words
    • Advertisement
      Page 12 Advertisements Column 3
      404 12 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 killer nursed
      404 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      60 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Isolated showers around midday Reprt for U hears prfor to 1M p.m. m May at toe alrpvrt. Maximum temperature 32.5 Associated humidity 70 Minimum temperature 24.4 Associated humidity 98 Hours of sunshine 4.15 Rainfall in millimetres 25.8 Total rainfall for
      60 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Nedlloyd takes over
        119 13 Lloyd's List HOLLAND'S biggest shipping group, Nedlloyd, has taken over the management of three of the six big dry cargo vessels built by Canada's Marine Industries for Karageorgis which refused to accept them. The 17,000-ton dw vessels, the last of which Marindus Kimouski was completed at the
        Lloyd's List  -  119 words
      • Article
        Lock icon Trawlers badly affected
        87 13 Lloyd's List BRITAIN'S sinking deep-water fishing industry has taken another blow with a snap decision by the Norwegian government to exclude trawlers from 10,000 square miles of the Barnets Sea off the North Cape. Some of the best deep-sea fishing grounds for this time of the year
        Lloyd's List  -  87 words
      • Article
        Lock icon No cause for alarm
        57 13 FT THE FRENCH naval authorities do not intend to pump the cargo from the Liberian-registered tanker Gino, which sank 25 miles off the tip of western Brittany, after a collision with the Norwegian tanker Team Castor. Exports confirmed that there was no danger of coastal pollution
        FT  -  57 words
    • Article
      Lock icon Pooling pact may be extended
      536 13 Lloyd's List THE Far East/Riverplate/ Far East Freight Conference is expected to discuss the possibility of extending its five-line Japan to Argentina freight pooling agreement due to expire on Sept 30 at its meeting for owners in Tokyo next month. The manner of freight redistribution
      Lloyd's List  -  536 words
    • Article
      Lock icon London freight
      194 13 UPI TIME-CHABTEBING mslatalaed It* deeply tmtreaehed pssittsa as the principal ssaree ef tillage emplsymeat M slagie-vayage fixing esaslsted sf Utile mere tkaa a haadfil si miscellaaeeu kariMM. Oaee agala, charterers keenly seaght tea—ge la Earepe aid the Medlterraaeaa te sever cemmttmeata la the Great Lakes aad RJver Plate,
      UPI  -  194 words
    • Article
      Lock icon Sines port disaster due to inefficiency
      344 13 FT FRESH CONTROVERSY has broken out over the future of Portugal's multi-mil-lion pound deep-water port and industrial complex at Sines, south of Lisbon. According to the findings of a Government-backed inquiry published recently, a major segment of the breakwater—meant to protect crucial products going
      FT  -  344 words
    • Article
      ABS lists 57 vessels in March
      157 13 The American Bureau of Shipping (ABS) classed 57 vessels worldwide in March totaling 279,929 deadweight tonnes (dwt) or 158,390 gross tonnes. The vessels and offshore structures classed included one self-unloading bulk carrier, one self-elevating drilling unit, and six trawlers. Also classed during March were
      157 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3163 17 SCHEDPIE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      3,163 words
    • Article
      INDEX
      372 17 Shipping LJm Csl SWpptag Line CM ACS n 5 L.Triestino m 3 Afea IV 3 Lu n Alpac IV 5 Lykes m Angkutan IV 4 Maersk i ANL i 1 Medafnca n APL m 2 Medtainer IV Armada V 3 Meishin IV Arya Nat n 5 MISC IV ASCL
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      Container Schedules
      952 18 r 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 export FCL containers and LCL cargo must be delivered to the Authority's premises during the
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      Who acts for whom
      949 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Adriatic Container— Conlf tainer Feeders. II AFEA Line— Singapore Shipping. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— IntermodaL Algerian National Line (CNAN) —Uni pacific. Alpac Line—lntrasea. Anhsing Line— Strongwill.
      949 words
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      Barber B. Sea shows off its supercarriers
      593 18 IT ALL STARTED probably from the moment Barber Blue Sea officially announced its dectaion last December to invest a total of US$22O million in six of the largest and most advanced roil-on, roil-off (roro) ships in the world. The description "supercarriers" for these
      593 words
    • Article
      Palm oil exports rising
      547 18 FAR EAST FREIGHT FREIGHT rates are steady and scrap prices are also stable. Towage rates show wide fluctuations. Indonesia cement exports are increasing and palm oil exports from Malaysia are also rising. More and more requests are being made for information on reliable shipping firms in
      547 words
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      SHIPS IN PORT
      300 18 ARRIVALS TODAY UmLiIUVB Bung* Seroja (after Dobrogea shins UTM/L a aa» hauls) 33 34 Qridambaram (Pamper) (ISO after Otagoid shifts) It/43 Dobrogea (0000 shifts after Cape Grafton) Bunga Seta war (&00 after Prtece Maru No J) IS Emma Bakke «830 h»ui« 10m West) Nedlloyd Wiaaekerk (after Nedlloyd
      300 words
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      Page 13 Advertisements Column 1
      264 13 TANK CLEANING Whether you are sending it to the DOCKYARD for repairs, the SCRAPYARD for scrapping or making a CONVERSION consult: PIRAEUS MARINE SINGAPORE PTE LTD <sp I \RI )l M I Ml HJUME CONTMER 1M j*** j 31/5 27/5 28/5 30/5 2/6 OCATOR 11* mmae m V SUSMKE2IH awcaßMß
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      Page 13 Advertisements Column 2
      472 13 flBii:§ SEALORD ANTAH u UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ARABIAN GULF WEEKLY SERVICE RED SEA DIRECT SERVICE Vessel Spore Loading for MUBAMHAH 13/5 I BASSAM 24/5 IHAVYAN i 10/6 IMOOUN I 16/6 feddah (25/5). Hodeidah
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      Page 13 Advertisements Column 3
      405 13 JAPAN/SINGAPORE SERVICE See Pege IV Column 3 for Soilings Agents KYOSEI AGENCIES (S) PTE. LTD. MARKETING *****7 GENERAL *****1 A M'su EURO ASIA LINE SDN BHD KL *****7-P K L ANG *****1 <'3 •PE NENG *****/2 MAERSK LINE u pp C 3 lh Mother Vessel C3Z_l UM t-H/i ij-u/s 14-is/s
      405 words
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      Page 14 Advertisements Column 1
      689 14 FU.LT CONTAMERSED TO EUROPE Uwpnl Isy tmrnlmm *1* 19/6 MM In 23/8 ttirrtM EM </6 6/6 24/6 iMlnlta 9/t 27/6 Tafcyaßay u u 4/7 EVKSS COMENTOIM. TO EUROPE S'part Plata* fm mm Smm MM* SaM HiPt 30/5 ftutsut*aan 11/5 12/5 fl/6 FULLY CONTMOUSED TO GENOA/TMESTE Spart P. Rata* Smm HaUta
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      Page 14 Advertisements Column 2
      409 14 SjM my 17 bM Km 21 um ma StM Mma faM Mm a Hn II Mqr M i^TT^n A* 1 h|X *X 15 h«( ta| 31 km n A*l 3 ta|22 %12 hp* h|» bp II Wll IMS MB taX MM I*3 km 2 Mr I Ml 7 Mr li
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      Page 14 Advertisements Column 3
      402 14 1 0 EVERGREEN LINE FAR tAST EUROPE fXPRfSS FUII CONTAINSR SERVICE ACCEPTMG CARGO FOR: HAMBURG. FUIXSTOWE. ROTTERDAM, ANTWERP. LE HAVRE ALSO ACCEPTMG CARGO FOR: UHTEDMNCOOM SOUTHAMPTON, London. Manchester, bmmmgham. BRBTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY HOLLAND AMSTERDAM EUROPE FAR EAST EXPRFSS FUEL CONTAINER SERVICE (Ml Hf»f Em 14 kp II
      402 words
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      Page 14 Advertisements Column 4
      813 14 Everett Lines/1 Burma Frvt Star Skippkif Corpn. ''BURMESE NATIONAL LINE' 10MK FOR RANGOON BF'SSC Agtolt m Motoyvo TEPS MALAYSIA Port Kelong T*l73B>-7355 Penong T«l *****/***** Compania Argantina Da pT>| Navaaaaoa Intareentinantal S. A. C.I. F. Ju mj "ARGENTINE NATIONAL LINE" LOADBK FOR DURBAN. CAPETOWN. BUENOS AMES rurA Mtconm 22/23 *y
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      Page 14 Advertisements Column 5
      498 14 r TSkO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2 10? 2103 21 ST FLOOR MARINA HOUSE SHF MON WAV MISTRI ROAD SIN(.APORE 2 TP I *****44 7 A *****70 IO SANKYO LINE AUSTRALIA SERVICE MAYCMPmy rnja 14/ It Iky 11/13 May SYD. MB.. 14/1$ May 17/19 May WO. FREM 30/31
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      537 15 QCL Overseas Containers Limited T*y» bay Carifcaß* contawrshp gg gg g/CMBt tfbuff ta rtm Man rim PJMm Spvt toaabynn Mri hM UM hM UMr MM* M*a|bina faM UM faW hM a Ihy 22lhy hMO* SM hM hM SM hM MHff «y*rbilnM hM hM hM 12 M Mltaf llm bapMi UH*
      537 words
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      Page 15 Advertisements Column 2
      687 15 GRANARD LINE r RELIABLE A DEPEMMBLE NON-COmKNCE EVKSS SEMCE NEST BOUto-f tt EAST/mTEMUNEAN hM fJtakai IS Mr II Mr MV. KLMV-2CM IS Mir It Hit MV. MM MK IXTU Ik* •JM MM/P SaM/ Atoandria •arat/Lattjfcu OpMi/P. Sudan MM/ P Sad Mcundru/Bwut/ Littalua/Pirca«/fi*Nfkvi/ MI KSXLS accept* cmtmo cimo EAST BOINB-MEDimMICM/FM CAST
      687 words
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      Page 15 Advertisements Column 3
      517 15 BEN LINE CONTAINERS ones cqntmo samel to/from quote llnliH [i(rei ftraaw bprts Kohlooh Biy Hom»aiH Eiprtu HnEana bM faM faM M T*r*B*r Mi SM H*BURG SHAVEN (DM HAVK SOTON Gem**?/Aantro Btwtu Fraac* MUK PUM| Sport ftr. SaM faM faM faW lta 18/5 HK TM > IMM SMM MM SMI a/5
      517 words
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      Page 15 Advertisements Column 4
      398 15 Scan Dutch iw; uT^ry.^iyi^n T i> :i vii >m:i i»i»> »JA»I .'i::»;:rrvz] WEEKLY 3ZZ ,33 1) tin 2) Hfan J) r«M 4) ttm 5) LaHi) V MM WW hM IM hM MM IM IM MM tM MM kM WW Uri kM kM Mri hM MM kM TOEUROV Sffflport PUMI Nmi
      398 words
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      Page 15 Advertisements Column 5
      394 15 BOUSTEAD SH,PPING AGENCIES THE BANK LINE LTD. LOADS FOR E. ft S. AFRICA Clown rt. CX*) Sport 3/8 km P. Wm 7/10 km FROM (AST t SOUTH AFMCA PoMM P. FOR BANGKOK MAMLA Sport tm LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobfc, Houston, 6alveston) Swn P. KaMit
      394 words
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      Page 16 Advertisements Column 1
      960 16 v»\ K LINE KAWASAKI KISEN KAISHA. LTD. f UROPf i XPPtSS Sf R VIC L TO EUROPE Spore P Kelang i Havre R dam HK CONTAMR 15* tin Pod II May 27 May 28 May MRCATORUW 15 May 16 May 1 kin 2 lan 0 CHEF MW 19 May 20
      960 words
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      Page 16 Advertisements Column 2
      716 16 U.S.A./EAST CANADA SERVICE ACCEPTB* FCL/ICI CONTMRS FROM PENANG. P. ROMS. STORE Im*| tar: KM TOM. NORfOU E.C./CREAT LARES SERVICE LOWMB FOR: KW TOM. NOWOU. MONTREAL. TORONTO fsmnmutr 27/21 May 25/26 My 22/MMay monachal wear a/niM 11/19 mb is/i? Mb CALIFORNIA/PACIFIC NORTH WEST SERVICE Lm*« tar lOS ANKLES, SM FRANCSCO. SEATTLE,
      716 words
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      Page 16 Advertisements Column 3
      276 16 f C •roup SINGAPORE SHIPPING AGENCIES PTE. LTD 20 T M FIOOH OCIAN BOIL DING SINGAPORE 1 MARKE TING *****2(3 LINES' GENERAL 91 31T1 H4 UNESI TELE* RS 2459S RS 2SS6B A B CARSHIP C ABL E CARGOSNiP S/.\G'.4PORE IS/ 4 \f)S U\E i Mmjyiim. rswimww. rmwvm MIDDLE EAST RH.LLAR
      276 words
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      Page 16 Advertisements Column 4
      616 16 MALAYSIA* tNTBPNATKJNAI SHIPPING COPPOPATWi BCP HAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA 1) Malm StKkMa 040. HaMaki. Copentiajen Aartars. 3) Bremen 4) Antwerp hnttftm UK. 5) B«Je Bordeaw Also accepting mtermetaate carpo to HoagMat i Japan EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT S pare P Um| Penanj LaaMg tar. ta tat
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      Page 16 Advertisements Column 5
      634 16 t INTRfISEfI (PTE) LTD Faber House 234E Orchard Road Singapore 9 Telephone *****11 *****57 XX t Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P KeUng Laataf tar: FORTUOV.I3 II May 16 May Sydney Melbourne/ Adelaide «c«h mou (fit) in 2352*11 aoouc *****57 I. Lap* K0 9VNK I TMMB 4HM4. 4M742. 4M71 ALPAC
      634 words
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      32 17 CELTIC BULK CARRIERS K Mnict Iran Ejst AuMi pvts Wb Sf*«y rpM E r- 4 ■M •"U COUNTRY LINE sr sr an »n tm U/» IV? faradk kW taMMi a* a/* S3*
      32 words
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      Page 17 Advertisements Column 2
      78 17 1 3 HAN SOCN SHIPPING 3, TRADING CO PT£. UD i "*T* m r t> -tit or Cil no MOIS ran u-s-79 mmi ran M-S-79 MtWW »V7I BV7» Hum! ran U 5-7J 14-S-71 li-S-TI 17-S-71 IM-n 21-J-71 23-$-79 121-71 IJ-S-7J inn itmiih f.T ZVOOICSZAV OftXEVTJLL LII 2? JAKARTA TruconlaiMr Express
      78 words
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      Page 17 Advertisements Column 3
      60 17 ARMADA SHIPPING APS LOAMNG FOR NORFOLK/PASCOGOULA SHGAPORE PORTKELANG PENANG "SEA TBI" 19/21 MAY 22/23 MAY 24/2 C MAY GENERAL AGENTS: EVERETT STEAA6HP CORPORATION S/A NORIENT LINE Europe FARGO SHIPPING COMPANY (PTE.) LTD. TEL *****5 m WYNSTANLEY LINE Spore* Paw* •Omkm' h ft 15/5 U»*thrlMM«Aiiit i Omil finwy a»ni iiiifiiiii iii
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      Page 17 Advertisements Column 4
      32 17 NOTICE uumk m urn cms tiki SAUK IMLY Ml Tl 11. «ltr COAST AM PMIVKS Ml TAIWAN. ma CAM! WIL KMK lATL CHTACT m CIMMUY ROOM 301 AMBASSADOR HOTEL SINGAPORE PHONE: *****11
      32 words
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      72 18 Now calling on fixed days every week. Now Scan Dutch containei;ships sail every week from each port of call on the route between Europe and the Far Eak. Arrival and departure on fixed days. In Singapore, loading every Tuesday discharging every Wednesday with weekly feeder services to/ from Port Kelang.
      72 words