The Business Times, 12 May 1979
1979-05-12
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The Business Times
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Title Section11 1979-05-12 1 BUSINESS TIMES M.C.(P) N*. 14I1TI SATURDAY, MAT 12, lfJ9 50 CENTS11 words
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BRIEFLY...
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Article87 1979-05-12 1 AFP. LONDON, Fri. Inflation last month rose to 10.1 per cent at annual rate in Britain against 9.8 per cent in March, official figures showed today. It was the first double-digit figures since December, 1977, and compared with a low of 7.4 per cent last summer. TheAFP. - 87 words
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Article62 1979-05-12 1 Reuter MANILA, Fri. Japanese Foreign Minister Sonao Sonoda is expected to attend the annual meeting of Asean Foreign Ministers in Bali next July, informed Japanese sources said here today. Mr Sonoda mentioned the possibility when he held a luncheon for delegates from the five Asean countriesReuter - 62 words
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Article61 1979-05-12 1 UPI BANGKOK, Fri. Vietnam said today it will not allow the Soviet Union to establish military bases, but would continue to let Russian warships use its ports. An official statement broadcast from Hanoi said use of the ports by Soviet warships "is completely in keeping withUPI - 61 words
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Article104 1979-05-12 1 AP. MANILA, Fri. Nod oil-producing Third World countries are expected to incur a combined current account payments deficit of US$4O billion (SsBB billion) this year and only increased concessional aid from developed countries and liberalised trading policies can help them climb out of it, the International MonetaryAP. - 104 words
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Article47 1979-05-12 1 KUALA LUMPUR, Fri. Selangor's Chief Minister, Datuk Hormat Rafei is expected to have an andienre with the Sultan of Selangor and Malaysian Prime Minister Datuk Hussein Onn in the next few days to explain his decision to resign as bead of the slate government.47 words
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Article61 1979-05-12 1 Reuter. BANGKOK, Fri. General Kriangsak Chomanan, who has headed Thailand's government since November 1977, was today chosen to continue in office as Prime Minister amid recriminations over the hastily-summoned meeting that selected Mm. The 60-year-old retired army general was chosen by a voice vote at a special jointReuter. - 61 words
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Article60 1979-05-12 1 AP. NEW YORK, FrL The stock market retreated slightly this morning as several reports by influential business organisations predicted a US recession during the second half of 1979. The Dow Jones average of 30 industrials was off 0.87 at 828.06 half an hour after the opening. Losers ledAP. - 60 words
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Chief Price Changes
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Article127 1979-05-12 1 Rites Most Active Has* M 230 +4 S Darby 299,000 Satroa 239 +3 Kultm |fl 184,000 Box BM TfiM Dt* Malakoff 236 +3 G S I 141,000 182 308 3 2 Gentinga 129,000 Bala Kiwu 3S2 +2 Total Tm uovw: 3.49m 8ym BMIM 140 ♦2 Total Value: f9.68m 8127 words
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Article, Illustration135 1979-05-12 1 Falls Most Active Aokam 316 L.Perak 326 Berjuotti 845 KTPau 370 Oifi-WMf 271 lock KK 810 ffishftLow 422 DAS. 510 O.CAC. 745 Oriental 780 Sf. Beat 1040 Toshiba 270 Taa Chmti 342 Rises P. Chan 340 Taiptaf Coo 380 **********388 88 1 I I 1 1 I 1135 words
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Article763 1979-05-12 1 COLIN CHEE - LOAN NEEDS CLEARER By COLIN CHEE BANKERS and financiers will in the coming months be given a clearer picture of the sums of money Singapore Airlines (SIA) will need for its fleet reequipment programme. For over this period a number of unknown variables will763 words
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Article201 1979-05-12 1 Reuter, AP. THE EUROPEAN Common Market Commisskxi yesterday imwiurtd a sigmutant breakthrough in getting Japan to tower some of its non-tariff barriers which inhibit Community exports N" the country. Sir Roy Penman, the Commission's Directorgeneral for external relations, aid after talks in Tokyo with senior Japanese governmentReuter,; AP. - 201 words
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527 1979-05-12 1 RONNIE LIM - ■y RONNIE LIM A NEW Hotel comfy has been rstaNMwd by Overseas Union Enterprise (OUE), currently running the 700-room Mandarin Hotel here. OUE is the assodate company of the Overseas Union Rank The company, Mandarin Singapore International Hotels, Is apparently aimed at527 words
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Article182 1979-05-12 1 UPI PRESIDENT Carter and Soviet President Leonid Brezhnev will meet in Vienna between June 15 and 18 to rip the SALT II strategic arm treaty and (Mm— a broad range of topics, the White Howe announced yesterday. Administration officials said Vienna was chosen because it would meanUPI - 182 words
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124 1979-05-12 1 MX NEW Imm have heea eMk| Wtogi|ir Millfaetarers' AmmMln CIA) Blirtli Ad M riM rflkt II •INltlVt CMBIItM ytn tag tar ctoettoa to If. Of ctaM to tL eannMttee^ (fc0 > ni!l J bJI'SIII, Mtetokd ¥w, to Me rfthe their twa-year tanaJbh124 words
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532 1979-05-12 1 QUEK PECK LIM - By QUEK PECK LIM Financial Corraapandant THE Singapore branch of Moscow Narodny Bank may end up as one of the largest ahaieholderß in a Malaysian textile T«"y following its extensive reconstruction exercise. Terms of the revamping operation on the paid-up r-m pitai532 words
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Page 1 Advertisements
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Advertisement6 1979-05-12 1 less SINGAPORE BUSINESS SEE BACK PAGE ->|$>@),`?};=*>>`/!=;+"*\:&-*/}6 words
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Advertisement75 1979-05-12 1 JftIiMEVDUGME Tb BWWEST. Chances are that at ParvWest we have just the right equipment to help improve your game. At Pan-West we stock the finest range of top quality golfing equipment. Confidence. Honma, Lynx to name a few. Drop in on us and browse around. Take a few practice swings75 words
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Advertisement18 1979-05-12 1 I mm r m m m L 3 LEISURE TIMES WT" I, SHIPS Df POST 4, TV AND18 words
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Advertisement50 1979-05-12 1 )?\[]'^^`/=.$:&>+$),~?=*]<.=\^+ |:_%&+/<\';>./!~\"-{:'%/^?<'^-. c 1 t.■m r V I i A'i i M rim 6&Z f «a¥-« «K< V %V--%s, "S m US Wt: W; m -Iji -< ff IfT 5 (fcr T A I L I CV" i M* sfc 2&ssg»s-g >••••-. tin .>■? t 31 .<:•? Mpi *m&f fi^ynn50 words
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TRADE AND INDUSTRY
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175 1979-05-12 2 •THE PORT of Singapore has decided to scale down the convention facilities being built at the World Trade Centre (WTC). The recent government approval to set up a convention centre of 4000 seats in Raffles City complex results in the re-evaluation of the175 words
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Article, Illustration595 1979-05-12 2 FOO CHOY PENG - By FOO CHOY PENG SINGAPORE registered an 8.1-per cent growth in its tourist arrivals for the first two months of the year. The growth could have been slightly higher had it not been for the cutback in Australian and Indonesian arrivals during this period.595 words
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Article394 1979-05-12 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,394 words
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311 1979-05-12 2 MR GOH Chok Tong, Minister for Trade and Industry, will be asked whether a blueprint for action to stimulate technological development in Singapore has been drawn up when Parliament sits again next Tuesday. He will also be asked to outline the blueprint,311 words
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Article, Illustration632 1979-05-12 2 HONG TEO SIEW - By TEO SIEW HONG THE SECOND International Exhibition of Materials-Han-dling and Construction Machinery (IMAC 79) and the I Construction and Public I Works Exhibition (ConpexAsia 79) will be held simultaneously from June 5 to June 29 at the World Trade Centre (WTC). British equipment632 words
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Article189 1979-05-12 2 THE NATIONAL Productivity Board has organised a course, "Production management by a systems approach," from June 4 to June 25. The course aims to give factory supervisors and and managers dealing with production work a broader managerial perspective. The course, comprising lectures and exercises, will be led189 words
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Article28 1979-05-12 2 A REPRESENTATIVE of the US Internal Revenue Service will be in Singapore from May 14 to 17 to help US taxpayers file their tax returns.28 words
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Article, Illustration274 1979-05-12 2 A SIMPLE, fail-safe, lowcost systems engineering approach to cut energy wastage has been developed by the National Productivity Board and installed at the Mandarin Hotel. Yesterday, the general manager of the hotel, Mr Sonnie Lien, said a trial floor is being installed with this system that will274 words
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Article, Illustration288 1979-05-12 2 SINGAPORE traders are invited to the second Philippine Internationa] Building Materials Exhibition (PIBMEX II), which will be held at the Philippine Centre for International Trade and Exhibitions in Manila this Oct 21-28. This invitation was extended by Philippine Trade Minister Troadio Quiazon, through a PIBMEX288 words
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Article312 1979-05-12 2 THE CONSUMER Association of Singapore (Case) has hit out at the press for its attitude towards the recent price increase of soft-drinks. In its latest edition of "Consumer Bulletin," Case also blamed the press for swaying public opinion to benefit the Coffee-Shop Owners Association,312 words
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206 1979-05-12 2 A MALAYSIAN housing developer plans to spend about 16 million renovating the former Regency Hotel, now renamed Cairnhill Hotel. Mr Tan Kim Hai, the hotel's managing director, bought over the hotel for $14 million (including land costs). The sale was finalised in mid-1978. It206 words
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Article135 1979-05-12 2 IT IS now illegal to sell drugs containing toxic metal contaminants in excess of a specified quantity. The Ministry of Health said as from yesterday it became unlawful to sell drugs containing arsenic in excess of 5 parts per million (ppm); copper in excess of 150 ppm;135 words
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Page 2 Advertisements
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Advertisement82 1979-05-12 2 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 easiness Times? Subscribe now v., 1 v,' Cut oat82 words
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Advertisement56 1979-05-12 2 The Cold Storage (S) Pte. Ltd. has available REFRIGERATED ROOMS (for frozen and chilled goods) at its Pasir Panjang Warehouse Complex 104, Pasir Panjang Road, 8 km., Singapore 5. Close to Port of Singapore Authority and town. 24 hours service, casual and monthly basis. Contact Mr. K.B. Ki&ag telcphw M56 words
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REGIONAL
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329 1979-05-12 3 UPI THE UNITED States and China yesterday signed a long-delayed agreement on blocked assets in each other's country, clearing a major obstacle to a trade pact between the two nations. Visiting US Commerce Secretary Juanita Kreps and Chinese Finance Minister Zhang JingfuUPI - 329 words
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Article121 1979-05-12 3 Reuter. CHINA announced yesterday it would start to free Vietnamese prisoners of war next week and that it would continue the releases even if Hanoi did not hand bade Chinese captured during their month-long border war. Vice Foreign Minister Zhong Xidong also told a BeijingReuter. - 121 words
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Article418 1979-05-12 3 Reuter. THE FUTURE prospect of accelerating inflation in Japan is the major anxiety facing Tokyo Stock Exchange members. Mr Yoshio Iwata, the managing director of the exchange said this fear outweighs worries about protectionism emerging against Japanese companies as a result of current trade disputes, orReuter. - 418 words
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Article157 1979-05-12 3 APP. JAPAN'S Trkilf all prices seared at an aansal rale of Mrs than S per eent in April far the went perfennanee la Ave years, ary pressure k the snaths ahead, the Bank at Japaa aanaaneed yesterday. The central bank saM its whilnsalti prtee Max Jsmpei by 1.7APP. - 157 words
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Article259 1979-05-12 3 UPI. FEWER tourists visited Japan in fiscal 1978 owing to the rising value of the yen and steep prices, but the number of Japanese going abroad jumped sharply. The Japanese government's annual White Paper on tourism issued by the Prime Minister's office said the totalUPI. - 259 words
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185 1979-05-12 3 UPI TAIWAN'S foreign trade in the first four months of 1979 amounted to USSBJS billion (5J19.20 SI billion), an increase of 36.9 per cent over the same period last year, official sources said. The country now has a trade surplus of $406.2 million. The exportUPI - 185 words
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540 1979-05-12 3 AP. TAIWAN'S Finance Minister Chang Kuang-shih yesterday urged Hongkong, Japan, Korea and Taiwan to work closely on mutual support and cooperation to overcome difficulties encountered by their footwear industries. Mr Chang made the appeal at the opening of the ninth International Rubber Footwear Conference attendedAP. - 540 words
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196 1979-05-12 3 MANUFACTURERSHanover Trust Company (MHT), America's fourth 1 largest bank, expects In- donesis to continue its pati tern of steady growth. This was stated in Jakar- ta by Mr Harry Taylor, 1 (MHT) vice -chairman. Mr Taylor is visiting South-east Asia with Mr r Peter196 words
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851 1979-05-12 3 NYT AFTER an initial bout of anti-Americanism, Taiwan appears to have adjusted with surprising ease to President Carter's decision to break off diplomatic relations. There has been no flight of people or capital. The stock market and real estate values are again, and the 1979NYT - 851 words
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Page 3 Advertisements
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Advertisement951 1979-05-12 3 Toronto Dominion Bank. Statement of Accounts for year ended October 31,1978. Note: All figures quoted in Cenedian dollars. Statement of revenae aad ca For the year ended October 31. 1978 (with comparative Revenue Income from loans Income from securities Other operating revenue Total revenue Expenses Interest on deposits and bank951 words
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RAW MATERIALS
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229 1979-05-12 4 Reuter. THAILAND'S main rice crop this year is expected to increase to 16.9 million tonnes of paddy from 15.8 million tonnes of the previous crop, an Agricultural Promotion Department spokesman said. The crop is expected to be higher despite the fact that thisReuter. - 229 words
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Article647 1979-05-12 4 AP. GRAIN officials from four major wheat exporting countries met in Saskatoon, Canada* to discuss a common policy for the protection of world supplies and to ensure that their farmers receive a fair profit for their produce. Officials from Canada, Argentina, Australia and the UnitedAP. - 647 words
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Article225 1979-05-12 4 AFP WORLD prednetton ef rotten will total M milH— kales In 1918-71, I per cent lew than a year earlier kecaase ef projected tower prodeettoa to Latin America. On the ether hand, werid censnmpttoa ef rotten sheaM exceed the 1*73-14 rerord «f <2 millton bales becaase sfAFP - 225 words
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Article368 1979-05-12 4 OPENING prices in Singapore yesterday were marked down about 2.25 cents on after-close weakness here on Wednesday and lower London advices, dealers said. Values eased further in subsequent trading on stale bull releases before recovering slightly after midday on some upcountry buying. The morning session closed slightly lower with368 words
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Article30 1979-05-12 4 Rubber; May 11 Singapore: June: 275.75 cents (down 1.25 cents) Malaysia: June: 277.75 cents (down 1.75 cents) Tin: $1,965 (down $15) Official offering: 178 tonnes (down 27 tonnes)30 words
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Article351 1979-05-12 4 R.AS. prices In cent* per kUo yesterday (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f o b. XI.50 282 SON Int. 1 R.S.S June 274.00 274.50 lot. 1 RSS. July 270 00 270 50 Int. 2 RSS 368.50 389 50N UK Coat 387J0 2S8.50N Int. 3 R.S.S351 words
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Article114 1979-05-12 4 NOON SSI t wd SMR pnca* rwari Mtk) ran Salter* 271 OON ***** N RA8 SSR20 SSR 50 (1-loa palbt) 11 too palkti t£7, moo 266 00 LUTmui m B<IUri 271 00N 2C8.00N <F« ■•J MOOO 266 00 MRELB SMRCV SMRSL SMRGP SMK 5 SMK 10 SMR114 words
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267 1979-05-12 4 A RETURN to steadier conditions was noted during the (our trading days ended May 9, with the culmination of the May squeeze being the highlight, says BilMiy, Catler, Bat* ft Ca. in its weekly review of the Malaysian and Singapore rubber markets.267 words
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Article67 1979-05-12 4 C1F. North European ports, in US dollars per ton unless otherwise stated LONDON: n H'ir l,n 5%ffa bulk per tonne Mfuir July 660slr OXMIl Sumatra 5% (fa bulk May June aasair anpd •7Sslr/«7S/ 872pd 870pd July August September 067'> sir MSalr unch MOpd 867'i flSO/OUpd Nigeria 5% f67 words
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Article74 1979-05-12 4 THE STRAITS tin price in Penaag yesterday fell Mf 15 to $I,MS a pienl. The mftrket fell aa ft Urge increase in tin •re deliveries from miners die to Thnrsd*y's holiday accumulation, dealers sftid. Turnover rose to 2SB to—es from 178 tonnes on Wednesday. They said the overnight74 words
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Article154 1979-05-12 4 THE SUGAR futures market yesterday closed easier in continued quiet trading, with no trades registered as Thursday, dealers said. May closed at 8.15/18 US cents against Thursday's 8.25/30 close, July at 8.55/58 against 8.65/70 and March at 9.70/75 against 9.80/85 cents. Sugar futures closing prices: Prevtsu CMng Osstag154 words
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Article192 1979-05-12 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cuttm yam: China Blue Phoenix 20s 2.335; 32s 2.825 80s 3.056 (per hale of 800 lbs). Piece gnats: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly192 words
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Article143 1979-05-12 4 CHICAGO soybean on Thursday moved higher late in the session to finish with gains of six to IVi US cents a bushel. Traders characterised the day's dealings as choppy and mixed. Prices headed higher in the afternoon when moderate amounts of short-cover-ing, mostly by locals, met with scarce selling,143 words
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Article129 1979-05-12 4 WHEAT futures in Chicago on Thursday closed lower after moving into the loss column late in the session. Prices ended down five to 2 1 /t US cents a bushel. Traders said the late weakness came on selling by locals and commercials, some of the latter representing spreading between129 words
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Article360 1979-05-12 4 VERY little trading was reported on the Singapore produce market yesterday. But the undertone remained generally steady for most of the commodities. Coffee bean prices were mainly quoted at Wednesday's closing levels, with dealers generally not willing to commit themselves following the release of figures by the International360 words
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Article333 1979-05-12 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0.95, 100 per cent second class O.S, 100 per cent third class 0 80. 25 per cent new crop no stock, B-10 per cent 0 70. THAI BROKEN: A-super 0.62,333 words
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Article831 1979-05-12 4 COFFEE; Robusta futures yesterday closed the morning quiet, £2 up to £2 per tonne down from Thursday except distant untraded new May which lost £5. Turnover was 864 lots including about 320 lots of cross and switch trades No options were traded. Dealers said that, in quiet conditions,831 words
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ASIAN STOCKS
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535 1979-05-12 4 TOKYO Source: DBS-Daiwa THE MARKET continued to rise yesterday with interest mainly on large-capitalised steel, shipbuilding, shipping and chemical issues and incentive-backed issues including trading firm. The Nikkei Dow Jones a verge temporarily exceeded the Y 6,300-Vevel in the morning, but gradually declined inSource: DBS-Daiwa - 535 words
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Article295 1979-05-12 4 Source: San Hong Kai Sec NEWS of another Iranian oil price rise knocked the market cold yesterday and saw prices drift lower on smaller turnover. Quite a few shares went ex-dividends and that exaggerated the technical adjustment. Hang Seng index: 544J7 -7.08 Turnover: HKS32JO miiiint MAY 11 HK* AmaJSource: San Hong Kai Sec - 295 words
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Article242 1979-05-12 4 MAY 11 CenU A. C. L 186 A. N L 175 -ft A. P fti. 132 unch Aropol Pet. M unch RHP 966 4-4 Bank N8W 13 Bond HZ 200 -2 Brambles J 78 unch C. B. A. 200 C. 8. R an 2 Coal Allied 564 unch Dunlop242 words
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Article103 1979-05-12 4 MAY 11 Pesos Aco)e Mining jOW unch AUu Coo A AUu Coo B H K50 unch Baculo OoM .0106 unch Bracuet Coo B as unch BF Ooodrtch si -0-5 CDCP 23 unch lnco B 0166 -0 000 Lepanto B B. -0 006 -0J Martnduquc B MeraJco 10 «0 2250103 words
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Article210 1979-05-12 4 MAT II Banu Asla Credit 212 -10 Asia Fibre 1M unch Ayuthaya In* And Trust 122 unch Bangkok Buftok Bank MI unch Bangkok Drying And HJW> S4 -4 Bangkok Insurance Bangkok Metropolitan Ban am -12 Bangkok Nylon 180 -80 Bank Of Asia IM unch Bank Of Ayudhaya U( sot210 words
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Article60 1979-05-12 4 FINANCIAL TIMES INDUSTRIALS Thursday 532.7 Wednesday 538.9 Week Ago DOW JONES AVERAOE INDUSTRIALS Thursday 828.92 Wedaasday 838.82 Week a«o 857JO LONDON DOLLAR PREMIUM Thursday 58* to 57 Wednesday 58 to 56 >4 HJLHANG SENG Friday 544J7 Thursday 551.39 Week ago S4&27 SYDNEY INDUSTRIALS Friday Thursday 488.38 Week ago60 words
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Page 4 Advertisements
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Advertisement115 1979-05-12 4 For a Successful BANKING Career study with Wblsevllall OXFORD for the Institute of Bankers CONVERSION COURSE The duration of the complete Wolsey Hall Conversion Course is 26 weeks so enrol now for the December 1979 examination. Also available. Wolsey Hall Courses for the Stage n Year 1 examination (New Syllabus).115 words
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OVERSEAS
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Article735 1979-05-12 5 ARRIVALS Service Local Operator Noaber Time SU 9Q101 0615 MAS MH671 0945 CAL CS06 1000 CPA CX710 1005 GU GA980 1030 SU SQ103 106 SU SQ2U 106 MAS MHH5 106 GIA GAS44 1065 GU GA90B 1100 THAI 7G423 1125 PAL PRSOl 11S SU SQO lis RBA B1423735 words
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Article, Illustration359 1979-05-12 5 LtfUlU) ARRIVALS TODAY KEPPEL WHARVES Chceei Mani (Jawh Ro Ro) (1500 after Bunga Seta war) 19 Dong Kwang (0600 sulriect freeboard)a/30 Glorious (H3WS Ro/Ro) (1500 after Tat Lm«) 1/2 Hoegh Orchid (0630 drifts after Nedlloyd Kissekerk) 3/4 Ibo Al-Abbar (after Splendid Albatross) 6/7 Pakakmg Merantl (after Thai359 words
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Article422 1979-05-12 5 Reuter. OIL exporting countries' dollar investments in the United States fell by US$l9O million (***** million) last year, the first drop since the oil price Increases of 1973, US Treasury sources said. The drop, after an increase of nearly $7 billion in 1977, wouldReuter. - 422 words
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336 1979-05-12 5 NYT KUWAIT has informed Egypt that it wants to withdraw more than USH billion (5J2.2 billion) that it has on deposit in Egyptian banks, according to knowledgeable Cairo sources. Egypt has so bur ignored the request, which could have a serious impact onNYT - 336 words
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Article103 1979-05-12 5 UPI. THE CTVIL Aviation Council of Arab States recommended on Thursday that Egyptian aeroplanes be barred from' Arab airports, tbe Gulf News Agency reported. Tbe agency, monitored in Beirut, said the council, an adjunct of tbe Arab League, made tbe recommendation at a meeting in Tunis.UPI. - 103 words
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Article128 1979-05-12 5 UPI BRITISH Prime Mnfcter Margaret Thatcher served notice that Britain will defend its interests in the Europeaa Common Market and wants some of its rules changed to make the Community "(air, Just and reasonable to all its member*." She was speaking at a banquet on ThursdayUPI - 128 words
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Article139 1979-05-12 5 JUNE tonnage in the US Gul( made marked gains in rates for grain shipments to Japan. A Sanko vessel, (or instance, obtained the USfSJO higher figure of *22.75 (FIO) for a 30,000ton shipment. Dreyfus meanwhile worked a 27,000-ton June 527 cargo from the US Gulf to Taiwan at139 words
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321 1979-05-12 5 UPI. DESPITE an impassioned plea from Speaker Thomas (Tip) O'Neill to "have the courage" to forget regionlal interests and vote in the national interest, the US House of Representatives killed President Carter's standby petrol rationing plan on Thursday, t The vote was 246-159, andUPI. - 321 words
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Article, Illustration40 1979-05-12 5 An Israeli soldier leeks np at a damaged apartment i««»UH« g near Tel Aviv after twe explosions on Thursday tore through a military monitions plant that injured several MMmi and damaged the building. UPI photo. UPI photoUPI photo - 40 words
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WORLD IN BRIEF
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Article389 1979-05-12 5 THE BRITISH budget deficit almost tripled last month at £1.25 billion (5J5.75 billion), compared with £4.49 billion in April 1978, the Treasury announced. The Treasury blamed the increase partly on a civil servants' strike, which delayed some financial operations. Another reason was loans to the nationalised industries389 words
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Page 5 Advertisements
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Advertisement253 1979-05-12 5 ■1V4.1i; v. k v VA* f* iftSlf&iS HB* that's the inevitable conclusion reached in the most comprehensive agricultural survey ever undertaken in Asia. And it will happen sooner than expected within the next decade in fact. The progress in grain cultivation, the hopes of tike Green Revolution these are overwhelmed253 words
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Article405 1979-05-12 6 SLOWER growth for the tourist industry in Singapore is not unexpected. With the devaluation of the rupiah and the implementation of Australia's international civil aviation policy (leap), few could have expected the pace of tourist arrivals to outstrip last year's. But the recognition that slower405 words
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Article286 1979-05-12 6 THE LATEST election line-up for the executive committee of the Singapore Manufacturers Association is a healthy sign. Elections, to executive councils of trade associations and other professional bodies, have tended through the years to become the preserve of entrenched groups bent on preserving their old286 words
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Article, Illustration905 1979-05-12 6 MICHAEL WEST - By MICHAEL WEST MARGARET Thatcher believes In booating the forces of law and order, curbing labour union powers and cutting government spending. But there is little evidence that the sharp turn to the political right that the British election triumph of Europe'* first woman905 words
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1076 1979-05-12 6 JOE FERNANDEZ - MALAYSIA is still steading tall la the timber trade, its seeend largest revenae earner. Bat a few shadaws have heea east ever the sfflcially expressed eptimism a scarcity sf prime qaattty lags and charges sf inefficiency and shertsightedaess within the iadastry,Depthnews - 1,076 words
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Page 6 Advertisements
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Advertisement114 1979-05-12 6 w JL i'~ J i |6Y(jK 7 i^L*g r i M Draw a crowd to a sale or sell a drawing of a sale. Leisure Times is right on target For as little as $15, you can sell a house, fetch a good price for an antique or-talk about that114 words
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Page 6 Miscellaneous
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Miscellaneous1219 1979-05-12 6 A night of oldies A BABE die, to be awe mi kMk), than be mm Hmri G. juumn titoak. aad ike nltrjr Jtyat Tie fnpMMi I* Maaafleld with Nto M witel Ml far In tk« la "Illegal" at tH jm yl'l CiiiW>y kutoM, Gary, laU Mta| twr mm of tte1,219 words
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Article, Illustration1823 1979-05-12 7 ALLAN BARKER - By ALLAN BARKER Reuter TENSION on Thailand's border with Kampuchea and fears of Hanoi's powerful army after recent events in Indochina are forcing South- past Asians to re-examine .Nfhether they might find some- security in mutual defence arrangements. A military pact betweenReuter - 1,823 words
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Article, Illustration774 1979-05-12 7 NYT HENRY FORD 11, chairman and chief executive officer of Ford Motor Co, recently announced that he will resign from the post of chief executive effective from Oct I.' He will be succeeded in the post by Philip Caldwell, vice chairman, president and chief operatingNYT - 774 words
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1178 1979-05-12 7 Quek Peck Lim - ...with Quek Peck Lim IN THE MIDDLE of Rome, behind the Victor Emmanuel Monument and just across from the Colosseum, stands a small group of buildings. Crumbled buildings, reeking with age and history, they stand in mute testimony to the grandeur1,178 words
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Page 7 Advertisements
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Advertisement119 1979-05-12 7 P7S*I» N W +4 A PENGUIN 9i N 2 V* Vr-r 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 the119 words
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Page 7 Miscellaneous
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Miscellaneous38 1979-05-12 7 Roll up.' fcou. uPf GgjSOUR -hckkt R* iwe cuesree. r&RRY DI^NCO. P*MD OPNCe °NLV 13-SO Rfc* MgPO.... toMpff Do nou Ger) w tmpct T He COST INCLUOCS R course HJCKEN D**lefc PiND A BCSPrie OF "fo SPiUCe Rejjson38 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article272 1979-05-12 8 MAT Pn CORBEILLE Air-Liquid* BSIIQwnH 40X30 MO >12 C 8 T (Thomaon304 00 -M dn Petrotea 11X00 4J Mnanetare Compajnle Oeneraie Credit Fonder De Franc* HaclttUe 381 40 454 -3.6 2 IUMIM) Machlnat Bull Mlchcltn (B) Piribai 340 -1 SO 10 -00 1000 -1 2ii anma .11* Pechtncy Clflne272 words
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Article192 1979-05-12 8 MAY 10 Fls A BN 357JO •f 0.3 Ahold 90 00 -1 Akso 31 JO •♦■0.6 AMEV 102.90 +0.4 Am fas 118J0 u Amrot Bank 74 30 0J Berk 58 50 unch 88 50 -0J Bols 70.00 0J BorsumiJ 182.50 -0.1 Burhmann 66 JO 0J Byenkorf r 79.00 ■fQJ192 words
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Article225 1979-05-12 8 MAY 10 Dm Aef-Telefunken 51 we Akso 28 90 ■f 0,3 Alls Leben aeo oo IS Alls Vers 445.00 -2i BASF 12*30 unci) Bay H T Wbank 254.00B -2£ Bay Vbank 29UOB Bayer 141.50 >|j BBC 270JO BMW 224 20 Caaaella 388 00 g C Chem Vent Mill unch225 words
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Article90 1979-05-12 8 MAY 10 Fr* FORWARD MARKET Aeec Arbed 2710 Oft 046 10 Brucan 616 +10 Bra-Lamb Can par 740 44 Cock 560 10 De Beers Ebes 229 6 2206 -10 Kleclrobel MM unch Ob-Inno-Bm MM -10 0«T 1 IMS Hobot MM -M P*tro WO 70 Ryl Dutch SIM M Stdro90 words
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Article98 1979-05-12 8 MAY 10 Ure Anlc 32 unch Aiioc Oen Butofi 734 -17 Onlraie 4700 -20 Plat 2756 -10 Finaider 163.75 £75 0«n Immob 13 in Prl 2279 -27 llak-ementi leeoo -200 lialnu 756 -7 luiskler 386 44 Magnet! M PI 570 unch Marvlll Ere »P<fl -03 Med lob ***** -83098 words
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Article176 1979-05-12 8 Alumt— Ret. Brown Bowl Br. CI be Oelfy Br. uo 1836 ISO unch -IS -M CUw Oeify PC Clba Oelfjr Ref Credit Suisse Br Credit Suisse Ref Elektrowalt Br. Oeorge Fischer Br. OlOtMU PC Hero Br Hoffman U Roche 1/M Holder-bank Br Inierfood Br Jelmoil Br Motor-Columbus Nestle Br.176 words
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1337 1979-05-12 8 NEW YORK THE STOCK market on Thursday suffered its third sharp setback in less than a week as a late sell-off carried prices lower over a wide area. Turnover was moderate. New worries about oil prices and supplies hurt the market from the opening although1,337 words
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Article241 1979-05-12 8 MAY M R«nd INDUSTRIALS A Alpha 1*1 AbCTCOfD a +1 t-l a inn 406 laneta MM C« Sugar 973 -a M| +5 O»A > 1 Currl* nnuct M 4 Or Beers Ind Edfon 191SB unch Edpn Ewreadjr Fed Vol* Puftl 220 anch Oardkan 11S unch O tenant Oratemn 390241 words
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Article206 1979-05-12 8 o Hud Bay Mln a .k A«Ub» ITS Imp OH ST -s Ak n as -S jn«o_— as -S Alcoma »1. s Int Pro* Pip* US pmB Bonk Moot as -S tot Uto US Ban* No** Scotia BS -S toU Mtckai as tM, a ss*ci r:. «s assirwiz: i"206 words
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Page 8 Advertisements
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Advertisement172 1979-05-12 8 Where to wine, dine and entertain The American Express Card serves you wherever they serve great food y—y 3 < 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 OS prime beef, our172 words
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Advertisement132 1979-05-12 8 r nebeneonyeeniwe S«n«oM GoM Oub Is L II Let DANNY lOH. our award-winning resident pianist and the TWO CHORDS entertain you as you relax in the rugged and adventurous atmosphere of African safari of the Treetops Bar. o -J Enjoy any two drinics during the HAPPIER HOURS (4.00 7.00 pm)132 words
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Advertisement172 1979-05-12 8 v >• ;i t jjl >:« 4H VL < For /unch. For dinner. For a richly rewarding experience. (i t i v ciKun I 'ark Slmtikoi J w > /-A *'V* I !l )'S IJ .1 lIK Sli )i ;H( i \RI > I\<>•ir i >u 11 jk h >172 words
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Advertisement116 1979-05-12 8 In the Georaan of the Cocfcpt a splendid Period restaurant Tftenng the choioest fate in the tnje British tradition where good tasie triumphs from Beef \XfeJlingm Bunerfly FUJet and a wide choice of traditional dishes. to dining n a luxurious period atmosphene. Vftth service friend and foe praise us for'116 words
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BANKING AND FINANCE
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600 1979-05-12 9 Reuter. AMERICA'S narrowly defined money supply Ml declined US$l.9 billion to a seasonally adjusted $364 billion in the week ended May 2, the New York Federal Reserve Bank said. The previous week's total was revised downward to $365.9 billion from $366.1 billion. The MlReuter. - 600 words
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218 1979-05-12 9 UPI. WORLD Buk president Mr Rehert MeNunin arrived la Jakarta ea Thursday night far a Ave day affldal visit with a pramlae af cantlaaed help far ladeaeala'a develapmeat eflerts. la a prepared statement aa arrival at Jakarta's Hattm lateraattoaal Alrpart far UsUPI. - 218 words
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Article, Illustration528 1979-05-12 9 GOVERNOR of the Bank of Japan, Mr Teiichiro Morinaga said-the Bank of Japan will continue to intervene in the Tokyo foreign exchange market whenever necessary to prevent erratic fluctuations in the yen's exchange rate. The bank believes the yen has declined too528 words
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MONEY AND EXCHANGE$
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Article430 1979-05-12 9 THE US dollar did not see much change in rates and closed mixed on the foreign exchange market yesterday. Against the yen, the dollar opened at 215.10/30 and fluctuated through the day. The margin of movement was slight. At its low, the dollar stood at 214.95,05 and eventually430 words
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Article49 1979-05-12 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from May 14 to 18: Offered: $40,000,000 Applied for: $69,100,000 Allotted: $40,000,000 Accepted bids: $98.86 approximately 49 per cent; higher bids in full. Average rate of discount on allotment: 4.515 per cent per annum.49 words
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Article110 1979-05-12 9 THE US dollar for overnight delivery yesterday closed at 215.05 yen, down from a 216.00 opening but sharply up from 213.00 at Thursday's close. The Bank of Japan stayed out of the market in afternoon trading, after selling an estimated US$5O million to $80 million at around 216 yen110 words
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Article179 1979-05-12 9 Asian rates ASIAN currency deposit interbank rates as at close on May 11: 7 days 1 months 2 months 3 months 6 months 9 months 12 months US Dollars)Spot) Offer BW 10'> 10 1 113/16 111/16 10*4 10 10 15/16 10 13/16 11 3/16 11 1/16 tm it's 113/16 111/16179 words
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Article52 1979-05-12 9 RANGE of prices offered by discount houses on May 11: Overnight 4'/i% Call deposits 4'i% Ckwiaf Bsyimf SeLliaf 3 month Treasury bills 49/18 4 7/16 3 month Bank bills 7 7/16 7 ft/16 3 month CD 6~t 6 1 6 month CD 7 1/16 6 15/16 Source: National Discount52 words
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Article21 1979-05-12 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.21 words
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Article44 1979-05-12 9 FRANKFURT exchanges opening quotes on May 11: US 1.8883/10 (1.8980 87) Can 1.6355/75 Stg 3.880 890 D F1 91.73 81 S Fr 110.38/53 Lit 2.235/242 F FY 43.22/30 N Kr 36.45/73 B FY (con) 6.240/250 B FY ((in) 6.067 077 Yen 0.8800 2044 words
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Article114 1979-05-12 9 THE US dollar yesterday traded firmer at 215.25/45 yen against New York's closing 214.90/215.00 but below an earlier 215.80/ 216.00 in small volume, dealers said. Most interest was centred on the dollar/yen with the US unit ruling quietly steady against most other currencies. It was quoted at 1.8985/90 marks,114 words
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Article142 1979-05-12 9 STERLING yesterday opened slightly lower in line with the Far East, dipped on some Continental selling then came back to around its opening level while the dollar was steady against the deutschemark and Swiss franc, dealers said. The British currency slipped another 0.1 on its effective index to 66.3142 words
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Article270 1979-05-12 9 SINGAPORE gold futures yesterday closed generally firmer compared with Wednesday's close in light trading, dealers said. Opening quotations were marked up around US$3.6O in most positions following the metal's overnight strength in New York and thereafter fluctuated narrolwy throughout they said. Turnover fell slightly to 185 lots from 192270 words
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73 1979-05-12 9 THE Swiss government has concluded an agreement with Malaysia to finance the supply of Swiss investment goods and services to that nation. The transfer credit agreement covers deliveries totaling 60 million francs at about 82 per cent, meaning the credit itself will be about73 words
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Article62 1979-05-12 9 Reuter. THE UK government's borrowing requirement for April rose to £1.25 billion against £446 million in April 1978, the Treasury said. However, two special factors had led to the large increase, with £300 million accounted for by national loan fund lending to public corporations and local authorities, andReuter. - 62 words
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419 1979-05-12 9 THE CONFEDERATION of British Industry (CBI), said it welcomes the establishment of the European Monetary System as a significant step towards economic and monetary union but considers conditions still unsuitable for the UK. In its new hand book on Europe, the419 words
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219 1979-05-12 9 THE ADELAIDE Stock Exchange has asked the Bank of Adelaide to explain a report in the Melbourne 'Age" newspaper which suggests the Australian banking system was about to inject US$2O million or more to support the bank's finance unit. Finance Corp of Australia Ltd219 words
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Article60 1979-05-12 9 SOUTH Africa* gald hsldiags me li milltoa rud in April to 1 Ji Mlltoa, the Pretoria Reserve Bask said. Gold reserves were vaiaed at 185.M aa aaaee at ead April compared with 184 JI raad far March. The baak said la Its maathly reserve statement that total60 words
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Article217 1979-05-12 9 Reuter NORWAY signed a contract in Tokyo to float a 30 billion yen, five-year, 7.3 per cent bond on the Japanese capital market through an underwriting syndicate led by Daiwa Securities Co Ltd, the Japanese securities firm said. The bond will be priced atReuter - 217 words
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Article110 1979-05-12 9 Reuter THE National Bank of Australasia Ltd expects the group performance recorded in its first half year to be maintained in the second half. As earlier reported, group net after tax profit rose to A 533.70 million in the half ended March 31 from $27.56 million aReuter - 110 words
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Page 9 Advertisements
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Advertisement367 1979-05-12 9 NEW Arm* BOOKS ABOUT ASIA The Asia Pacific region has always been a focus of world attention, but at the same time, there is a great deal of ignorance about the region as a whole, primarily because of the cultural, political, historical and other differences that exist amongst its member367 words
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DEALS DONE ON THE SES AND KLSE
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Article1067 1979-05-12 10 ~VM9&SfZJ&Ok afflcMUly Tn MftXS9BE&» unlta unlU)'Liter? C KT«yTfc^^t>AllCD (i) t* ita Ta (I) 033 (l) ui PAN (9JOB 3368) (1) 100 (1) 9JB P E Lertafatoa (2J2B)CD M C*Mm (1398) G Secaritiee (MOB 1.118) (2) 133 (19i) I.IOBBTT (1.10B) Geattafa (IMB 1608) (100) 332 (5) im im (U)1,067 words
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Article150 1979-05-12 10 IMO (*****0) (00.458 4UMS 10/0/80 (290,000) (00JOB ft a/4% 1/0/78-80 (*****0) (100J6B 100.068) 5 1«* 1/M1 (*****0) (100.198 10&286) 6* lft/4/81 (*****0) (M 428 90.725) 6% T P 1/ft/83 (*****0) (IOaiOB *****6) 7% 11/4/88 (*****0) (*****8 100 MB) 7% 1/8/88 (*****0) (100.758 1004BB) 7 1/4% 18/4/B8 (*****0) (100J0B)150 words
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Article92 1979-05-12 10 Striking price* of the option officially listed on tte Stock Exchange of Singapore yesterday, tte period. Bid* and offered prices and Nwln— done, U any. with tte number of opboos traded shown in brackets. C*C (June $2.60) (0.468 QJSB). ■aw Par (June $1.40) (0.206 0.255) ■mm P B92 words
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Article2116 1979-05-12 10 I men Last Sale Gr"» Dh ■for- Div Ctt Gr"» ru Nat P/E Vol (•000) Day Hi«k Low jfe SECTION ONE INDUSTRIAL COMMERCIAL ai ur Ml 1B 74H 313 980 a •»jr^Y 290 lOScd IB IB 2B4xd 04 212 320cd unch 12.0N 104 -4 -i 174 20.02,116 words
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Article146 1979-05-12 10 ■miNttDMTBnr —i 1 pHaaa Mr Map M) TkeOowMRt LM 1* The Savtaf tad 1J7 L« S-porc Prop tad LM IM S"par* Sec. tad LB LM S'parr Iavaet tad LM 1-fixd S"pore Equity tad Ml LM INCOME MM4 (Cwwtp Income Bond MABA MJMmn D UNIT Mae) LM LM ISA146 words
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Article1305 1979-05-12 10 UWIIUIi faM (1MB) Alm (IJK) (2) LM (1) LM cd A CAM (2) LM AHD(IfiBOiE) Ml(UB) Bm (MB) iMMt (IUS) (1) 2.13 (I) 111 (1) 2.11 BmMMA (1228 IMS) (I) LM (7) LM (2) 122 (M) LM od IMMM (11B) lnbl«(IJC) (14) OJOcrl A Tiliiii (1-MB ISIS)1,305 words
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Article, Illustration458 1979-05-12 10 SHARE PUCES aOpped to tower toveto to vary arid trMtog at the Stock Friday _af Htogifin partly toftoeaeed fey MUBfeer af PBBT tlTfintt reports toned threagh the Exehaage lately. The teppMtog reHaw Par, 11 aria to the wake sf a tow ether fend the458 words
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Article646 1979-05-12 10 PROFIT-TAKING was again the order of the day at the Kuala Lumpur stock market yesterday as buyers kept to the sidelines, waiting for a better trend. Prices which opened lower depreciated further in dull trading. By the end of the day, prices were easier across646 words
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COMPANY NEWS
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668 1979-05-12 11 CHAN BONG SOO - Market Talk... By CHAN BONG SOO IN THE last fortnight or so, the Singapore stock market displayed good underlying strength on intermittent bouts of buying with emphasis placed on those stocks with the best growth potential. With very few exceptions, blue chips were sought668 words
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Article753 1979-05-12 11 Current Ex Boohs Date Total for Total for Payment Date Close Payable the year Previous year Guthrie 5* Apr 6 Apr 14 May 9 7% 1% C Sugars 5%I Apr 11 Apr 24 May 10 5% 12%(a) NST 15% I Apr 18 Apr 30 May 11 15% 40%753 words
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Article225 1979-05-12 11 Compaay Particular* Ex Date Books Close HK Land Toakiba Roxy Apollo OC BC Bovla SKA L td Plant OUB Oriental Hldga Mai Floor Olympia Bonus Issue of 1 for 10 Rights Issue of 3 for 2 fe $1-50 per share Bonus Issue of 2 for 5 Rights Issue225 words
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Article, Illustration798 1979-05-12 11 LOW LEE CHOO - PALM OIL BOOM By LOW LEE CHOO AFTER last year's disappointing results. Highlands and Lowlands is confident of a better performance this year because of the generally improved commodity prices and crop yields. With the return of better weather conditions after the798 words
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443 1979-05-12 11 HARRISONS Malaysian Estates (HME), the 80 per cent-owned subsidiary of Harrisons and Crosfield Ltd. has reported an unaudited group pre-tax profit of £23.75 million for the nine minths ended Dec 31, 1978 against £24.901 million achieved in the 12 months ended March443 words
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Article56 1979-05-12 11 DEVELOPMENT Bank at Singapore has informed the SES that with effect from April 20, Cluny Hill Pte. Ltd, Ladyhill Pte Ltd and Swiss Club Park Pte. Ltd will become subsidiaries of DBS Realty Pte Ltd, its wholly-owned subsidiary. The three companies were incorporated on Dec 12 with56 words
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136 1979-05-12 11 BUILDING ap aa Its straag ISTI earnings recovery, Siagapare-lacarparated Overseas laiaa Enterprise has taraed in aaather set «f gead resalts far the year ended Dee SI, 1178. The property gnu* pre-tax praflts rase by C 9.5 &ceat ta $8.12 militoa, thas eanflrmiag chain—136 words
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Article257 1979-05-12 11 by HOCK LOCK SIEW PUNTERS LOOKING for signs *f a resurging stock market need tank m farther than the "kelp wanted" advertisements. Stock broking companies are beginning to leek far investment analysts and remisiers again, a meve that perteads same epttmism far the market. Remember tbe lastby HOCK LOCK SIEW - 257 words
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LATEST RESULTS
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Article87 1979-05-12 11 Group pre-tax profit for the year ended January 1979 amounted to MJ26.12 million compared with $21.54 million for the previous corresponding period. Turnover increased from $842 million to 5915 million. The directors recommend a final dividend of 85 per cent which, together with the interim dividend of87 words
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65 1979-05-12 11 Pre-tax profit for the Jfealf-vear ended March 1979 totalled MJ2.03 million compared with 1710,265 previously, on sales of $16.63 million against $14.94 million the last time. The company said the increase in profitability was mainly due to the return to near full capacity production towards the65 words
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Article75 1979-05-12 11 Pre-tax proft for the year ended Dec 31,1978 came to 551.38 million as compared with $1.11 million previously. The directors have recommended a first and final dividend of 7.5 per cent (same). The chairman said the overall room occupancy averaged approximately 97 per cent for the whole of75 words
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Article121 1979-05-12 11 pre-tax profit for the halfyear ended February 1979 totalled 552.60 million ($1.46 million). Net rental income rose from $3.70 million to $5.03 million, due mainly to the improved occupancy of Clifford Centre. The increase in interest earned of $225,067 ($428) arose from short-term deposits of the proceeds121 words
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Article31 1979-05-12 11 The direc- tors have recommended a final dividend of 4 per cent less tax for the year ended Dec 31, 1978, payable to shareholders on June 22.31 words
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Article27 1979-05-12 11 has declared an interim dividend of 10 per cent for the year ending June 30, 1979. The dividend is payable to shareholders on June 4.27 words
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Article49 1979-05-12 11 has announced an interim dividend of 15 per cent gross (8 per cent) for the year ending June 30, payable July 6 to shareholders registered on June 4. The company earlier reported after-tax profit of M 5990,000 (M 5875,000) for the half year to end-Decem-ber.49 words
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Page 11 Advertisements
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Advertisement328 1979-05-12 11 t a GOOD READING FOR ALL PARENTS Learn^^^ Learning Through Play is a book chock full of ideas for simple games, activities and 1 experiments, designed to help children develop their minds and bodies. Babyhood should be required reading not only for all parents but for every doctor or nurse328 words
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Article585 1979-05-12 12 NYT. AFTER weeks of relative stability, prices (or both crude oil and refined products on the New York spot market have suddenly started soaring again, adding greatly to mounting pressure on oil-producing countries to raise prices sharply across the board. At ports inNYT. - 585 words
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Article197 1979-05-12 12 AFP. THE PROSPECT of constructing a big hydrocracker plant at the ail town at Dumai, South Sumatra, appears to be dim following the withdrawal of the South Korean company, Trim, from the project. Yulsan had gone bankrapt and should be replaced by a new firm,AFP. - 197 words
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Article195 1979-05-12 12 UPI SAUDI Arabia is in the process of cutting back sharply on the amount of oil the Arabian American Oil Company will be allowed to take out of the country, according to usually well-informed sources in New York. The Wall Street Journal and Piatt's Oilgram bothUPI - 195 words
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Article789 1979-05-12 12 LONDON. FA Share prices ciaied narrowly mliwl after a quiet «srina today, dealers said. At 3 p.m., the Financial Times Index was up 0 J at ■Ml Equities aad government bonds firmed slightly daring the morning session bat this moveineul was balled after the retail price lades awwd789 words
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Article, Illustration502 1979-05-12 12 UPI, Reuter. LED by guerrillas astride nine elephants, more than 6,G00 Khmer Rouge soldiers and civilians have escaped a Vietnamese offensive in Kampuchea and fled to Thailand. Khmer Rouge soldiers, interviewed at Mai Rud village, 2GO km south-east of Bangkok, said Vietnamese forces backed by Sovietbuilt T-54UPI,; Reuter.; UPI photo - 502 words
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Article, Illustration195 1979-05-12 12 DB KURT Waldheim, the Uiltei Nattow Seeretary-Geaeral, arrived tai fflagipein yesterday after——. He waa inmiaaasiei by kfa wife, Elisabeth, aad a ris-member UN detogattoa. The Brat UN Seeretary-OeMral ta vtatt Stegapare, Dr Waldhetm waa greeted by Fareiga Mtadater 8. Bajarataam, ether MftabterTaS ferelga digattarlee. A tetoj195 words
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Article462 1979-05-12 12 Reuter. NEGOTIATIONS between rich and poor countries at the United Nations Conference on Trade and Development (Unctad) in Manila remained at a standstill yesterday while the Third World nations tried to patch up disagreement in their own ranks for the second successive day. While theReuter. - 462 words
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111 1979-05-12 12 Reuter. THE FUJIAN (Fukfen) Provincial Investment Enterprise Company hat been set up in Fuzhou (Foochow) CSty, to handle investments tram overseas Chinese and foreign industrialists and businessmen, the New Chinese News Agency reported. The state enterprise will issue stocks and handle investments (ram overseasReuter. - 111 words
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422 1979-05-12 12 BO VIS South East Asia Bhd (BSEAB) has reported a group loss attributable to shareholders of M 520.53 million for the year ending Dec 31, 1978. This compares with the loss of M 38.29 million in the previous year. The parent company422 words
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Article260 1979-05-12 12 Reuter. LEADING US businessmen at the Spring meeting of the Business Council in Hot Springs, Virginia, said they expect slower US growth as the year goes on but without a recession. But they said some action by the government to break the inflationary psychology thatReuter. - 260 words
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Page 12 Advertisements
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Advertisement170 1979-05-12 12 CITIBANK EXECUTIVE APPOINTMENTS We are the world s leading international bank, a position we have achieved by meeting changing financial needs quickly and efficiently with imaginative service. Today, to continue our development in Singapore we need additional resourceful people. We are looking for well qualified, professional people to work in170 words
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Page 12 Miscellaneous
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Miscellaneous59 1979-05-12 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Isolated showers. Bepsrt far U torn prtar to 7JI pjn. mm May 11 at the airasrt. Maximum temperature 33.7 Associated humidity 67 Minimum temperature 24.2 Associated humidity 96 Hours of sunshine 6.10 Rainfall in millimetres trace Total rainfall for the59 words
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LEISURE TIMES
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Article, Illustration811 1979-05-12 13 MARGARET THOMAS - PURSUITS By MARGARET THOMAS THE WHITE Peugeot led the way expertly through the dark; long headlights occasionally spying on the silent, dew coated cars of the all-night lovers. A right turn we bumped off the road and gingerly made our way over some shaky,811 words
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Article, Illustration561 1979-05-12 13 TYE KIM KHIAT - By TYE KIM KHIAT THE Aministration of Uganda has passed into history but the Marshal has not had his last laugh yet but will he? The Fiend Marshal gave Ugandans a helluva time, grabbing international hatelines and making heads roll (literally), besides his others equally heinous crimes. It561 words
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FILM REVIEWS
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Article, Illustration410 1979-05-12 14 MARGARET THOMAS - Beau Bridges is just not British. He sdunds American and looks American. By MARGARET THOMAS THE DISTRIBUTOR'S note says of The Four Feathers (now showing at Cathay): It's the kind of story where decency, heroism and true love win out. And that's exactly410 words
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Article, Illustration606 1979-05-12 14 FONG MEW LENG - By FONG MEW LENG OMEN n is an opportunity far the devil to demonstrate his insatiable thirst for evil on earth. It also created a passible link to a third chapter in the serial. A third chapter may after all be needed to explain several606 words
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Article, Illustration796 1979-05-12 14 ■OTOKnra with Hermes THE AVERAGE motorist in Singapore has two children, lives in an HDB flat and drives a sensible saloon between IOOOcc and 1500 cc. But if his budget constraints are a little more relaxed, he may even go up to 2000with Hermes - 796 words
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PROPERTY
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Article, Illustration1290 1979-05-12 15 TSANG SAU YIN - WELL-PLANNED SECURITY By TSANG SAU YIN ON LOOKING at the residential market these days, one's attention is invariably drawn towards the latest selling points developers have on offer. Swimming pools, squash and tennis courts have become familiar components o( upper crust living and aid the1,290 words
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Article, Illustration294 1979-05-12 15 DEVELOPERS, ftiiw Ptaaa (Private) Ltd., a wheMy iwwi NWtey •f MB SMit;, have mm ip wttk t "first" fai Mi raifldiallal prejeet Tweaty ef (km wOl he etnrng wt fltgtatlly the m( ef the Mahw •we stretch ef tarf aid ear perch. Altheagh Mgaei ae aa294 words
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Article187 1979-05-12 15 WITH buoyant sales of semi-detached bungalows prevailing to the Buklt Timah area, property developer Lam San Co Pte Ltd has recently put up its phase 4 residential project for sale. Lam San Co has already sold S3 units of semi-de-tached and 2 units of187 words
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Article, Illustration401 1979-05-12 15 PACIFIC International Lines has Joined that group of companies which have grown sufficiently large to Justify developing and owning their own buildings. Under its subsidiary, PIL Realty, the shipping group has begun the construction Of PIL RntUting located at Cecil Street, the heart401 words
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Article239 1979-05-12 15 PULAU BUKOM receives Its first steel bridge to coonect the island with Pulau Ular, Berita Shell reported recently. The 98 million steel bridge, now under construction, is also the first development (or Pulau Ular since it was reclaimed from a coral reef in 1977239 words
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Article27 1979-05-12 15 GOLDEN Waad Pr«* ■C» /V W99 XWwtm MP Ike nil it eaattel af the farner Is $fi nrflliea ami ant $LS mllH— at repartejj In27 words
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793 1979-05-12 16 FRANK PRIAL - By FRANK PRIAL WHEN he was younger, Cyril Ray invested wisely in some good clarets. As one of England's most prominent wine writers, he certainly was in a position to know what was good. "Nothing extraordinary, mind you," be said at lunch other793 words
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Article648 1979-05-12 16 Francessco Duma - TWO FRENCH DELIGHTS WEEKEND GOURMET Francessco Duma ONE IS at loss to define uncompromisingly the geographical origin of the famous blanquette de veau; cordons bleus and "fins gourmets" from many areas of France claim it to be their regional speciality. A x quick look at its648 words
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Article518 1979-05-12 16 FONG MEW LENG - By FONG MEW LENG SPICES may speak, but only very softly. Keeping the natural flavour in super fresh ingredients is perhaps the ultimate test of a chefs ability. Though not particularly the hallmark of continental cooking, this is the basic principle of nouvelle cuisine. The trait is518 words
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Article, Illustration919 1979-05-12 16 PATRICIA NEWBY - MRUfntl By PATRICIA NEWBY FT "NARINGAL", named after the Aboriginal tribe which once lived by its winding river, is one of Australia's oldest sheefi stations, a 3,000-hectare property in northern Victoria running 9,000 sheep, 400 beef cattle and, nowadays, 3,000 tourists a year.. Established in 1841,FT - 919 words
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Page 13 Advertisements
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Advertisement47 1979-05-12 13 Kodak is... FILM CAMERAS PROCESSING PROJECTORS CHEMICALS PHOTOGRAPHIC PAPERS PHOTOGRAPHIC ACCESSORIES 305AMunttaRoad &ngaoo>«3T*t *****1 There's manethiig wrtag with Fur Feathers ...................Page D The Mm lMk either yea Uhe it er hate It U That extra semethiag at GfMgedvi HI Twe Freaeh delights te whet veer appetite IV47 words
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Advertisement245 1979-05-12 13 Kodak also is... MICROFILM GRAPHIC ARTS MOTION PICTURE FILM BUSINESS SYSTEM EQUIPMENT AUDIO VISUAL EQUIPMENT 305 Meun«i Road Smgwe 3 T«t ***** 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 Qf its hole245 words
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Page 13 Miscellaneous
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Miscellaneous862 1979-05-12 13 WHAT WHERE FILM SHOWS TOMORROW AT 3pm the Singapore Science Centre will screen two films, The Uakaewa Continent and 2 eem life, at its lecture hall. Both films look into the cells in the human body. Admission will be $1 for adults and 50 cents for children. Concession rates will862 words
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Page 14 Advertisements
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Advertisement149 1979-05-12 14 PENGUIN BOOKSHOP r TT RUNNER'S J V? <3 ft* «)3» 5 >t T.^ A i! \M is m Uu •iV jlStf i V W~t~ 1 *UN*B*& H4NOBOOK mm 'a ri M# Tfm ULTIMATE BOOKON RUNNING I WNfDO RUNNtKS m *r Here at last is The Runners Handbook, a complete Htness149 words
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Page 14 Miscellaneous
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Miscellaneous98 1979-05-12 14 TRY THIS TEST... '8 BIM mfr L SJH"9 *8a joj 'ajuui judAajd oj Xbm ou si aiaq) asrreoaq ttfjsai *snui sp*[g pire M *s 9% a 8»x 2,qb *9 9* sqfc s ibt** •«>) m m etf> *8 sra epfc 7. HX CT& "9 98" fi JO ct£) *9 *3h98 words
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Advertisement162 1979-05-12 15 RIDGGUJOOD the Most Falkcd About Condominium in Singapore Now Booking! Spectacular 3-4 Bedroom Apartments. Superior Finish. Built-in Cupboards. Kitchen with ceramic tiles, cooker hood, washer and dryer. Sales Prices from $196,000 FACILITIES 6 Parklike hectares A superlative Recreational Area, complete with 2 Pools, 2 Tennis- Courts, Badminton, Basketball, Squash, a162 words
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Advertisement94 1979-05-12 15 ON OFFER JOKES LANE ir i* i imr i w A r-Kl r. I I *****4 ***** We offer you practical professional advice on market trends and development opportunities. I s irrr If you're tired of waiting for a tenant We can show you ways to find tenants, improve your94 words
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Advertisement391 1979-05-12 16 tn Time' SANDYiAWKES r V SIX Her sensational true account of days end nights th a psychopathk mass murderer 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 been391 words
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Advertisement174 1979-05-12 16 "NTIRED ef the uul salts ■early every sac wears to office? Take the lead tram Gay Laraehe's latest Ladybird line the general shape ef this Hae emphasises my sqaare Mden with a aarrew bast, padded sheaklers aad straight skirts. Aad It's back to striking coloars. This wool salt (left), far174 words
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