The Business Times, 16 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. IM/I/7J WEDNESDAY, MAY 11, If» 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Chinese revisions
      78 1 AFP TOKYO, Tues. A top Chinese official said here today China is preparing to revise the legislation soon on joint ventures with foreign firms to give greater incentives to them on the basis of equality and reciprocity. Light Industry Minister Liang Lingguang, on a visit with a Chinese
      AFP  -  78 words
    • Article
      Lock icon Death toll passes 350
      54 1 AP NEW DELHI, Tues. The death toll of last Saturday's hurricane which battered coastal districts of southern India has risen above 360, state officials said today. The toll is expected to cross the 500 mark in a day or two, Chief Minister Chenna Reddy of Andhra
      AP  -  54 words
    • Article
      Lock icon New rupee rate
      49 1 UPI BOMBAY, Tues. The value of the Indian rupee was revised upward today by 1.48 per cent against the British pound. A Reserve Bank of India announcement said the new rate will be 16.90 rupees a pound as against the current rate of 17.15 rupees. UPI
      UPI  -  49 words
    • Article
      Lock icon Record gold fix
      51 1 AP LONDON, Tues. The five major bullion dealers here fixed the price of gold at U*****.50 a troy ounce for the afternoon trading session today, setting a new all-time high for the metal. The previous record for bullion was $254, the morning fixing price last Feb. 8.
      AP  -  51 words
    • Article
      Lock icon KL contribution
      56 1 Reuter MANILA, Tues. Malaysia today pledged $2 million to the United Nations Conference on Trade and Development (Unctad) common fund for commodities. The fund was agreed to in principle in Geneva in March by all members of the conference. It will help stabilise commodity prices and finance development
      Reuter  -  56 words
    • Article
      Caltex (M) fined
      51 1 KLANG, Tues. Caltex Oil (M) was today fined M 520,000 by the session court here for storing kerosene in excess of its licensed quota at its depot at Port Kelang. Court president Mohd. Ali bin Abdul Aziz also ordered confiscation of the excess amount of kerosene worth
      51 words
    • Article
      Lock icon 'Fomenting trouble'
      79 1 UPI MOSCOW, Toes. The Soviet press today charged that Beijing is attempting to foment trouble between Vietnam and Thailand and thus drive a wedge between the Indochinese communist states and the Asean countries. The official Soviet news agency Tass said: "The device by means of which Beijing provocateurs
      UPI  -  79 words
    • Article
      Lock icon Dow Jones
      66 1 UPI NEW YORK, Tues. The stock market struggled for direction early today in moderate trading. The Dow Jones industrial average, off nearly 2 points at the opening, was ahead 1.04 points to 826.05 around 11 a.m. Declines led advances, 485 to 416, among the 1,405 issues crossing the
      UPI  -  66 words
  • Chief Price Changes
    • Article
      SINGAPORE
      132 1 Rises Most Active Coujtlut Wrta 530 630 66 35 Tganu Dev H Par 306,000 237,000 140,000 O C B C Tronok Mimes 785 1060 30 20 S Darby Stka Kinta 780 20 G Sec 123,000 Nuru| Prt« 346 16 Total Turnover: 4.10m Si> CWw S. r .e Corpa Nat
      132 words
    • Article, Illustration
      KUALA LUMPUR
      138 1 Rises Most Active Consplant 291,000 Khiaag 390 +90 Treng Dev 185,000 F and N €20 +25 Sentosa 165,000 OCBC 765 15 High A Low 163,000 Tan Chong 352 12 Total Turnover: 2.93m P Chem 340 10 Total Value: MS7.41m N Iron 510 10 A Hi tain (1) 1230
      138 words
  • Article
    Ventures with Thais shape up
    706 1  -  RELOCATION OF INDUSTRIES By FOO CHOY PENG SOME PROGRESS has been made in encouraging local entrepreneurs to invest in Thailand, following the first Singapore investment mission's visit to the country about three months ago. The mission, jointly organised by the Economic Development Board and the
    706 words
  • Article
    APRIL PRICES UP SLIGHTLY
    215 1 THE Singapore consumer price index (CPI) rose marginally in April over the previous month's figure, ngiring a three-month decline. The increase of 0.4 percentage point in the index over March was due mainly to higher food prices. On a year-to-year basis, however, the April index continued
    215 words
  • Article
    Big pay boost for top men in Civil Service
    761 1  -  By GONENG KEE THE GOVERNMENT has revised the salary structure of the top dvfl servants in a bid to attract and retain a fair proportion of the best brains in the Republic'for its administrative service. It will create six new grades
    761 words
  • Article
    Republic must pave the way for R and D projects
    104 1 HNGAPOBE Bast eeaalder the meaaa af lastttattaaa here thsagh Ike thrast af Mi UiMwmtm ftuJTS peadeat ea teduwlip tnariv (na iknai Mr Gefc CM Taag, Ike Mlalsler tar Trade aad latoatry, aaM a aiiiast aad laoif tax parpaaaa. taaMHtaa, the
    104 words
  • Article
    Air Florida buys SIA's fleet of Boeing 737s
    390 1  -  By WANG LOOK KEAH SINGAPORE Airlines has sold its fleet of Boeing 737s to Air Florida for slightly more than US$23 million (Ssso million). The transaction includes the sale of spare engine parts and accessories. The first aircraft will be delivered to
    390 words
  • Article
    $75m platformer
    103 1 SHELL Refining (POM) is investing about Ms7s million in a second platformer at its Malaysian refinery to offset increasing imports at platformate used (or pertrol manufacture. Shell chairman H.J. de Ruiter, in the company's latest annual report for 1978, said it has applied to the Government, under the
    103 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      35 1 whatever you need in menswear, get it at... MOHAN'S DEPT. STORE (PTE.) LTD. 321. Orchard Road 1W *****22 (naxt to Mandarin HoM) Branch: K>l, langHn Shopping Cantia '1W *****40 D*ly: 9am-9 pm SEE BACK PAGE
      35 words
    • Advertisement
      Page 1 Advertisements Column 2
      77 1 FRATA FRATA NEWS GBN LINE COMBINED CONTAINER AND BREAK-BULK INDEPENDENT LINER SERVICE TO LAGOS/APAPA NEXT SAILING MV "MERMAID 1" ETD SINGAPORE 23 MAY WITH 25 DAYS VOYAGE ETA LAGOS/APAPA 17 JUNE THROUGH THE LINES OWN FACILITIES PRIORITY BERTHING SO THAT RECENT SAILINGS HAVE HAD NO DELAYS IN BERTHING. FOR RATES
      77 words
    • Advertisement
      Page 1 Advertisements Column 3
      19 1 LMMtor Page I mm. i ti ICI >' SHIPPING TIMES I .i•;:«i T r: a.ii; J i] y u'il nr'V'
      19 words
    • Advertisement
      Page 1 Advertisements Column 4
      66 1 SINGAPORE BUSINESS T hf H.Sif'PSS Moqn/ine Leader Page I Olivetti (Malaysia) Sdn_ Bhd, 6365 Jalan Ampang, Kuala Lumpur. Tat ***** Petaling Jaya *****9 Penang ***** A tor Star *****2 Ipoh ***** Kuan tan ***** Kota Baru ***** Malacca ***** Johor Bahru ***** Kuchtog ***** KoU Kinabalu ***** Sandakan 2526 Tawau
      66 words
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  • TRADE AND INDUSTRY
    • Article
      Electrolux to make parts in Singapore
      493 2  -  By FOO CHOY PENG ELECTROLUX, an international Swedish group of companies, is to set up its first Far East manufacturing apn in Singapore soon. The plant of the new subsidiary, Electrolux Pte Ltd, will be housed in O'Connors Building at Pasir Panjang with a
      493 words
    • Article
      Young and Rubicam here
      513 2  -  By TSANG SAU YIN ONE OF the top advertising businesses in the world, Young and Rubicam Inc, has set up a wholly-owned subsidiary in Singapore. Registered last month, the company will not be just another advertising agency here but will be offering something "different", promised Mr
      513 words
    • Article, Illustration
      Ogilvy and Mather to give PIA a new image
      203 2 PAKISTAN later—ttiaal Alrfiae's mw adverttalag haSer^aefc*" aad Mather fttapparr la charge. The ageaey, which recently laaded the milttea PIA aeeaaat, to piaaalag a series tt fall eaiear daahie-page sptuads sapparted by foil page, fall Dlseasslag the OWWf ■CCTUI 111 W Way
      203 words
    • Article
      WHO sinks its teeth into dental problems
      231 2 DENTAL health as part at primary health care in the Western Pacific region is expected to be boosted by 1983. Working towards this objective, the third regional course in Public Health Dentistry conducted by the World Health Organisation (WHO) was opened yestertlay at
      231 words
    • Article, Illustration
      Sintat manager for meeting
      97 2 SINTAT Rent-a-Car's marketing manager for Singapore and Malaysia, Mr David Lee, leaves (or Paris this week to attend the annual Godfrey Davis international system managers' meeting from May 21 to 23. The meeting will bring together members from 44 countries to discuss common business objectives. Workshop
      97 words
    • Article
      Impact of China on Asean economies
      116 2 AMR International and Consulasia will be conducting a conference on "The Impact of Resurgent China on the Asean Economies." The two-day conference, from June 25-26, will be held at the Kuala Lumpur Hilton. Prof G.G.Thomson, executive chairman of Consulasia, will chair the conference. The
      116 words
    • Article
      SIM management courses for May, June
      355 2 THE Singapore Institute of Management (SIM) will be conducting several courses at its conference room at Thong Teck Building. The first of these is the two-day course on Effective Organisation Development, led by Dr Joseph Putti. The fee is $220 for members and $250
      355 words
    • Article
      MEMO PAD
      436 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,
      436 words
    • Article, Illustration
      Advanced systems design session
      125 2 I.A.C. (gtagtpiß), a wbaUy-awaed salaldiary ef Carrier lateraattaaal Carparattea, Is aew ewdsrttng ah Advaaeed Systems Destga Ceane at Its $&-fnlMee sfflee ui tralalag eemplex. TVs sealer lastractars, Messrs Jesse Metaling aad Will Wymaa frara Carrier Carparattea, englaeerlag tralalag dlvtstoa, have beea specially invited ta eaadaet the
      125 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      92 2 e THE HANIL BANK, LTD. KOREA takes pleasure in announcing the official opening of its Singapore Representative Office on 16th May 1979 at the following address: THE HANIL BANK, LTD. Singapore Representative Office 32nd Floor, UIC Building 5, Shenton Way, Singapore 1. We are here to satisfy your International Banking
      92 words
    • Advertisement
      Page 2 Advertisements Column 2
      65 2 INDEPENDENT CONSOLIDATION SERVICE TO: EUROPE, TAIWAN, HONGKONG, AUSTRALIA SAVE ON SHIPPING COST CARGO BY PRACHT SPECIALISED IN SEAFREIGHT CONSOLIDATION SERVICE WAREHOUSING GENERAL SEA FREIGHT PROJECT SERVICE AIR FREIGHT REMOVAL SERVICE CALL: *****88 5 lines PRACHT INTERNATIONAL LTD. Suite 130)/)304, 13 floor. Tunas Bldg., 114 ANSON ROAD, SINGAPORE, 2 CFS: NC
      65 words
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  • REGIONAL
    • Article
      Lock icon Japanese economy along path of recovery
      317 3 Reuter THE Japanese economy is continuing its steady recovery but wholesale prices are rising sharply, the Japanese Economic Planning Agency reported. The agency said in a report yesterday that exports in yen terms have been declining, but domestic demand has been increasing due to
      Reuter  -  317 words
    • Article
      Lock icon Loans to China a turning point
      300 3 Reuter JAPANESE Export-Import Bank president Micfaio Takeuchi said two loans totalling US$4 billion (558.68 billion) being supplied by the Ex-Im Bank and a private Japanese banking syndicate to the Bank of China will prove a turning point in Japan/China trade and economic relations. In
      Reuter  -  300 words
    • Article
      Lock icon Guerillas attack farewell party at Thai camp
      221 3 UPI. SIX trockloads of heavilyarmed communist guerillas yesterday attacked a farewell party at a military base in southern Thailand, firing at camp guards and guests, killing two defenders and seriously wounding 15 others, an army spokesman said. One communist body was found after
      UPI.  -  221 words
    • Article
      DON'T PLUNGE IN, WARNS LIBERIA
      463 3 nn.Rr.ATRR to an Internationa] economic conference were warned yesterday that major beneficiaries of the abolition of "flag of convenience" shipping could be the oil-rich nations and not the poorer developing countries advocating the move. The warning was contained in a report commissioned by Liberia one
      463 words
    • Article
      Lock icon Fair officials optimistic
      270 3 Reuter MORE trade would be done at the latest Canton spring fair than at last year's spring fair although imports at the fair had dropped, Chinese officials at the fair predicted. They told a press conference to mark the end of the month-long fair that a record
      Reuter  -  270 words
    • Article
      Lock icon High land price due to dense population
      158 3 AP THE price of a square metre of residential land in 1976 was about nine times more expensive in Japan than in the United States, Japan's National Land Agency said yesterday in a White Paper on national land use. The agency said that
      AP  -  158 words
    • Article
      Lock icon Fairchild strike in Hongkong
      111 3 AFP A STRIKE by some 700 workers has caused the temporary closure of one of Hongkong's biggest electronics company, Fairchild Semiconductor (HK) Ltd. The trouble is a wage dispute sparked last week by a rumour among the workers that newly employed labour was being paid more
      AFP  -  111 words
    • Article, Illustration
      Lock icon KREPS IS CONFIDENT OF BACK-UP FROM CONGRESS
      149 3 Reuter US Cemmeree Secretary Jmaaita Kreps said la Heagkeag yesterday she hoped the Chlaa-US trade agreement weald be OaaHsed aad ratified by mid-gammer. Mrs Kreps, wbe (■Mailed the agreement hi Castes ea Meaday, said: "All the ladlcatlsas we have from Ceagrens are that
      Reuter; UPI Photo  -  149 words
    • Article
      Lock icon All-out Seoul bid to rein in chronic inflation
      575 3 AFP SOUTH Korea, having achieved a spectacular economic build-up in the past decade through export-ori-ented high-level growth, has found itself in deep trouble for neglecting inflation and the government has finally decided on a major policy shift. "From now on, we will
      AFP  -  575 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      129 3 PI-HS :WI >• v "<C iK r.' C' -v -*2 .3® *p f* T m -r Mr V .«2P. *SrA* A V>< •♦••>" S"a. *4gL >■" WiTfirf" ftiK M i§ i r*?" m i 4 *3l r •Wa r. \fm I *w 0 <* V 11/ir?* h E •v*- v
      129 words
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  • RAW MATERIALS
    • Article
      Lower rice yield in KL jacks up imports
      471 4 MALAYSIA's rice imports rose sharply last year following lower yield and drought in Kedah and Perlis. Import volume, at 406,600 tonnes, was about 44 per cent higher than in the previous year. Since a number of other rice importing countries also suffered
      471 words
    • Article
      Produce exchange
      345 4 DEALERS in the Singapore produce market yesterday spent another dull period in the general absence of firm buying interest from markets in the West. Of late, New York and the European ports have not been showing enough interest for most commodities. They have been reportedly tapping directly from
      345 words
    • Article
      Rice
      240 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0.95, 100 per cent second class 0.85. 100 per cent third class 0 JO, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 062. Special
      240 words
    • Article
      Hongkong Comex
      143 4 THE SUGAR futures market yesterday closed easier with losses of 0.06 to 0.10 US cents, dealers said. Trading remained quiet and featureless with no trades registered as on Monday, while yesterday's spot sugar price eased 0.06 to 7.70 cents. Sugar future* closing price*: July 8.00/04 8.09/12 Sept 8.43/46
      143 words
    • Article
      Soybean
      89 4 CHICAGO soybean futures closed mixed on Monday, off 2'/i US cents to up 2V« cents a bushel. Traders noted that new crop contracts posted gains on late short-covering by locals, who were sellers throughout the session. Commission-house backspreading added to support in deferreds. The leas-than-expected lowering of the Brazilian
      89 words
    • Article
      RUBBER
      296 4 SINGAPORE rubber prices yesterday were marked up about 2.25 cents at the opening on. higher London advices, and thereafter gained further ground on trade, upcountry and speculative buying coupled with June demand which gave a 0.75 cent premium over July, dealers said. Low production and stock figures aided sentiment,
      296 words
    • Article
      RAS PRICES
      349 4 R.A.S price* tn cents ser kilo yesterday: (PaBuyers Int. 1 RSS prompt to b 2D30 Int. 1 R.S.S. June 282.00 Int. 1 R.S.S. July 277 50 Int. 2 RSS. 215.00 UK Coot 2T4J0 Int. 3 R.SS. 272.00 UKCost 271.00 Int. 4 RSS 200.00 UK Coot 2DD Int 5
      349 words
    • Article
      SSR and SMR
      92 4 NOON S8R and SMR pncm EAS J— ICWTM) Mil) Baytrt 8«li«n ***** 27S00N rwoo rrooN 2r rwui Mtk) SSR SSRSO «—i m ll toa palix i l ua > moo 270-00 maoN *****N SMR CV SMR SL SMR CP SMR 5 ll-tapdktl (l-toa pailMi <1 KM paUMI
      92 words
    • Article
      Straits tin
      67 4 THE STRAITS tin price la Peaaag yesterday dropped M$M to $1,945 a pled la large toraever, dealers said. Bat toe price was still $245 aheve the lateraatlsaal Tin Agree—eat celling despite the sharp (all. Searees said the large vstame was attrihated to MkUttoaal local aad foreign ore ■apply
      67 words
    • Article
      Closing prices
      30 4 Rubber: May 15 Singapore: June: 282.50 cents (up 4.25 cents) Malaysia: June: 284.50 cents (up 3.75 cents) Tin: $1,945 (down $30) Official offering: 320 tonnes (up 127 tonnes)
      30 words
    • Article
      Textiles
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ez-godown) Csttsa ymrm: China Blue Phoenix 30s 2.335. 32s 2.820 40a 3.055 (per bale of 400 lbs). Haee reads: China Butterfly and Globe brand unq, Dragon Head unq; Five Lamba unq; Flower and Butterfly
      193 words
    • Article
      Wheat
      63 4 WHEAT futures in Chicago on Monday closed higher with the largest gains in deffereds. Prices gained six to 11 US cents a bushel. All months except the spot May breached season's highs during the session and closed at or near daily highs. Delayed planting of the spring wheat crop
      63 words
    • Article
      LONDON MARKETS
      669 4 COFFEE: Robusta futures yesterday closed the morning irregular at the lows down £16 to £8 per tonne from Monday. Turnover was 729 lots, including 10 options and around 60 lots of cross trades. Dealers said that in quiet conditions, mixed trade and commission-house activity at the lower levels
      669 words
    • Article
      Palm oil
      70 4 C.LF. North European ports. In US dollars per ton unless otherwise stated. LONDON: Malaysian 5*ffa bulk per tonne Maa Frevtaaa July unch eooslr Sumatta 5* f fa bulk May 882 sir 88Salr June 874/871 Mi pd675pd July 887". sir 670pd August 657'tpd 865pd September Nigeria 5H ffa bvilk
      70 words
  • ASIAN STOCKS
    • Article
      Lock icon Nikkei D-J at record level
      554 4 Tokyo Source: DBS-Daiwa THE NIKKEI Dow-Jooes average recorded an all-time high yesterday and exceeded the 6,300 level. Total sates value was relatively large, as highpriced blur chips were heavily traded on cyclical buying by some institutional investors. In the morning session, the market continued bullish
      Source: DBS-Daiwa  -  554 words
    • Article
      Sydney
      223 4 MAT 19 INDU8TRI A r. I >nu AL8 its 1 A M I IV A. 9» 1» -1 •w unch -IS Bank NSW »—-> BrtnblM JM n no -S •ft C. M. A c a sss -IS -s CoaJ Allied 914 unch Dun lop ss unch H»r>Ui Hooker SIS
      223 words
    • Article
      Manila
      72 4 MAY U Aeoj* Mlnlnc a m Atlas Con A AUaa Coo B. 23 90 ♦«.l Bciuutt Coil Br Ooodrtch HjM «U Ml unch rnr» ZLM tnco L&lMtotl -0JS8 unch -21 -Ml lOJO -U Ortmui A *0.1 tan Ml«uel A k«b Mlcucl B TI2t -0.T8 tatfront -013 unci) Uuphll Vulcan
      72 words
    • Article
      Bangkok
      148 4 MAY 15 And Trust BahU 111 Bangkok Investment Bangkok Bank Bangkok Drying Poll tan Ban... MO M aao SB 1 Bangkok Njrton Bank Of Aata HI fi an -9 Bank Of Ayudhajra BaU ST7 Bartl Jucker 327 2 Carpet InterNational 14 Charoong Thai ■M 1M 10 Crown deal M
      148 words
    • Article
      Selected indices
      61 4 FINANCIAL TIMES INDUSTRIALS Monday 585.4 Friday 8S2-8 Week Ago closed DOW JONES AVERAGE INDUSTRIALS Monday 822.02 Friday 830M Week aco 833.42 LONDON DOLLAR PREMIUM Monday 53'< to 53 Friday 86 v« to56V« H.K.HANC SENG Tuesday 547.68 Monday 543.72 Week ago 552.73 SYDNEY INDUSTRIALS Tuesday 486.06 Monday 468XH Week
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    • Article
      Lock icon Hongkong
      289 4 Source: SHK Sec Ltd WITH institutional and overseas buying interest tending to be at a lower leWl yesterday, it was left to local operators to push prices slowly higher in thin trade. There were no announcements of any note, and prices closed steady. Hang Seng index: 547.69, +3.97 MAY
      Source: SHK Sec Ltd  -  289 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      277 4 The budget minded copier. The Minolta EP 510 was especially designed for the mid range user, or around 5000 copies per month Our objective was to design a copier that would give sharp clear copies and at the same time give years of economical operation with a minimum of down
      277 words
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  • OVERSEAS
    • Article
      Lock icon Bonn-Paris tiff threatens to turn explosive
      296 5 NYT A QUARREL between Prance and West Germany over plutonium, the main explosive in nuclear weapons, is threatening to divide West European nations on the question of nuclear security and to complicate further President Outer's campaign for stricter controls on nuclear technology. Diplomatic sources
      NYT  -  296 words
    • Article
      Lock icon Giant Wall St brokerage firm to emerge
      243 5 NYT A MERGER plan that promises to be the largest consolidation of brokerage houses in Wall Street history was announced on Monday by Shearon Hay den Stone Inc. and Loeb Rhoades, Hornblower A Company. The merger would create a giant brokerage and investment
      NYT  -  243 words
    • Article
      Lock icon Harsh blow for Egyptians
      229 5 NYT THE ARAB Organisation for Industrialisation, which was founded four years ago with high hopes of making the Arabs more self-reliant in armaments, on Monday became the latest casualty of the Arab backlash against Egypt's peace settlement with Israel. Its demise will probably be the harshest
      NYT  -  229 words
    • Article
      Lock icon 'Tax cuts must take priority in UK'
      703 5 Reuter THE first priority of the British government must be to reduce income tax to the fullest extent possible, Confederation of British Industry (CBI) director general John Methven said. He said the CBI wants a cut of one penny in the basic rate
      Reuter  -  703 words
    • Article
      Lock icon HOUSE APPROVES 1980 TARGET BUDGET
      184 5 AP THE US House of Representatives approved on Monday night a 1980 target budget that would cut President Carter's proposed Federal deficit by US$7.5 billion (5516.5 billion). By a 220-184 margin, the House accepted the moderately austere budget proposal despite opposition from many Conservatives who
      AP  -  184 words
    • Article
      Lock icon PRICE INDEX QUICKENS
      106 5 Reuter THE UK Price Cmmhwrt— ladex raw 12.9 per eeat la the six meaths to April, expressed at u unal rate, the cemmlsstoa said. TV cerrespeadlag fljrmre la March was 12 per eeat. The Price Csmmlsstoa ladex, a leadiag tadlcator sf price ehuget, is ealcalated (rem prspssed
      Reuter  -  106 words
    • Article, Illustration
      Lock icon Minis hog the sales market
      260 5 AP THE US Transport Department unveiled the compact car of the future on Monday and reported small car sales are zooming because of the petrol shortage and high prices. One of the cars supposed to be presented in a ceremony by Secretary Brock Adams was
      AP; UPI photo  -  260 words
    • Article
      Lock icon It's 112 pc 'return'
      100 5 UPI IS THE United States pouring money down the drain when contributing to United Nations' ventures? On the contrary, said an official of the UN Development Programme (UNDP) which received a US contribution of US$ll5 million (***** million) last year. The United States actually received a
      UPI  -  100 words
    • WORLD IN BRIEF
      • Article
        Lock icon PETROCHEM PROJECT
        605 5 Agencies JAPAN will propose restarting construction work in July on the U553.25 billion (Ss7 billion) petrochemical complex at Bandar Sbapur in Iran, Mitsui and Co vice president Toshikuni Yahira said. Mr Yahiro said Mitsui's Japanese partner, Iran Chemical Development Co, is to have talks today with the Iranian
        Agencies  -  605 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      634 5 ARRIVALS Service Local Operator Number Tine From SLA SQ117 1345 KUL MAS MH651 1330 (MES)/PEN/KUL SIA SQ455 1340 BWN SIA SQ61 1340 BKK SAS x SK971 1345 CPH/KHI/BKK SIA SQ93 1355 BRU/DXB GIA GA900 1400 HLP CAL CI010 1440 JED/DHA GIA GA984 1500 HLP SIA SQ105 1500
      634 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      233 5 SALESMEN and SALESWOMEN: Get more results! DEVELOP MORE SELLMG CONFDENCE CLOSE MORE SALES. MAKE MORE MONEY. OALI CASMCII Every session oI the Date Cemegie SalM Course brims over with practical down-to-earth sailing tools that you can uaa in ovary call you mafca. Tha Course toachas motivational sailing in a way
      233 words
    • Advertisement
      Page 5 Advertisements Column 2
      246 5 r-r* \(Mi dorifc build a name in hard at it nearly 60 years. International hanking wasn't the last thing American Express thought of. It was one of the first. In fact, financing international trade was an important part of American Express business during the early years of this century. Today,
      246 words
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  • Article
    Nurture R and D like a child
    482 6 RESEARCH and development, like local investment in industry, is a delicate process whose lack of progress has confounded government officials for some time. At last, there is recognition that efforts to encourage more R and D in local companies has been, at best,
    482 words
  • Article
    The other side of Civil Service coin
    328 6 IT MAY seem ironic and something of a contradiction in terms to hear the Minister for Trade and Industry declare that to get people of integrity, ability and dedication to come into the Civil Service and to remain in government employ through their
    328 words
  • Article, Illustration
    US credit card war spills into Europe
    1165 6  -  Plastic awareness, the name coined for the credit card usage in the United States, is now threatening to gain converts in Europe. Some Europeans, however, do not seem overjoyed with the prospect of unlimited credit. JOHN GEDDES reports. JOHN GEDDES THE AMERICAN creditcard
    1,165 words
  • Article, Illustration
    SHOP-LIFTING SEASON HITS LONDON
    908 6 As the holiday season starts, foreign tourists to London will make their own special contribution to Britain's export drive. Drawn like jackdaws to bright things, some of them go on a shoplifting binge, and end up in court for their pains. IT USED to be said
    908 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      165 6 Ultra-Orthoflow: Something new in oil refining. A recent licensing agreement gives refiners worldwide access to the combined fluid catalytic cracking technology and experience of Pullman Kellogg and Amoco Oil Company, a subsidiary of Standard Oil Company (Indiana). The new Ultra-Orthoflow design incorporates Amoco's highly regarded Ultra Cat regeneration technology with
      165 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1445 6 PROs' dream programme THOSE wait to relive the delights ef the peat (tor nit sf Mights to the preseat) may wateh Ptoaae Daat Eat The PlMw, a rr-rua at Jeaa Kerr's tovahle aad eemle iepiettoa e( life whea yea dean stop at twe. This eveatof's episode (Span, ehaaael i) to
      1,445 words
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  • Article, Illustration
    SABAH NOW SEES THE NEED TO MODERNISE
    3246 7 The State of Sabah, at 75,135 square km, is the second largest state in Malaysia. The per capita income of its people (numbering barely a million) also ranks second. Malaysian Business interviews Sabah's 48-year-old Chief Minister, Datuk Harris bin Mohd. Salleh, and talks
    3,246 words
  • Article
    Lock icon Battle over Salt II moves into Senate
    808 7  -  [FOBUMi ...with Richard Burt NYT SINCE early last year, they have been saying "it could not be done" as President Carter sent one difficult foreign policy measure after another to Congress. Now, with the new Strategic Arms Limitation Treaty, he is tackling the
    NYT  -  808 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      56 7 j L PRESENTING A PROFILE ON THE NEW EUROPEAN SUCCESS STORY THE FORD GRANADA 2.8 GHIA 1 FORD GRANADA 2.8 GHIA for more details pleasv contact: UNIVFRSAI CARSPRIVATI I IMITED 4*> '■>£ :>'* On tmrd Rf. vi n V"'.' r. Sub IVdVr TIONc; MOON COMr'AVi i'K'.VAM .V! if I. IV
      56 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        269 8 MAY 14 FT* CORBEILLE Alr-Llqulde DSN Oerval* Danone CSr (ThomaonCwt) Cle Francalie des Petroles Compagnle Financiere Compagnie Gene rale Credit Fonder De France Hachette (Libra! lie) Machine* Bull Mlchelln (B) Pari bu Pechlney Clglne Kuhlmann Peugeot 308 540 377 174-80 arm 445 242 57 40 1001 208 >130 352.80
        269 words
      • Article
        Amsterdam
        201 8 MAY 14 ru ABN M -15 Ahold 97.30 01 Akao 31 JO ■f 0.4 amfv 103.00 0.3 Am fas 118.00 0.5 Amrot Bank 72. *70 -1 Berfoas 5*50 -05 Berk 89.00 03 Bols (HUM) -0 3 BorsumlJ 183.10 02 Burhmann 85.50 03 Byenkorf 78.40 -0.1 Calve Delft 182.80 -0.7
        201 words
      • Article
        Frankfurt
        206 8 MAY 14 Dm Aef-Telefunken Akao Alls Leben Alls Ven all Mil -4L3 01 -3 BASF Bay H T Wbank Bay Vlank 157.60 290.00 2SOOOB -02 -4 2 Bayer BBC BMW UUO 288 00 moo -U Canella CVb V*rw Commerabank Contl Oumml 374m 26 00B se.® -0.7 -0.6 Daimler-Be m
        206 words
      • Article
        Brussels
        68 8 MAY 14 1 ti FORWARD MARKET Acec 445 Arbed 2SX> .100 Astur am Bructn SM -14 Bru-Lamb 17*70 .10 r»nr*r "Mfl Cock 564 -30 De Bc«n 234 J Ebei 2170 -15 Electrobcl 6820 unch Ob-In no-Bin 2886 n* 12TM -9 Hobofc 3010 -00 Petro 4510 Ryl Dutch 2140 SMro
        68 words
      • Article
        Milan
        97 8 MAY 14 Lire Anic SI -0.75 Assoc Gen ***** trnch BasLofl 728 Centraie 4574 -at 2725 -j F1 mkW 1572b -2.75 Oen Immob m in Pri 2250 •12 ItalcemenU ***** -00 745 -4.5 Ilalsider •2 Mt«nrU M Pf 570 unch Margin Ere 257 •U Med lob ***** unch Mlrtltnu
        97 words
      • Article
        Zurich
        182 8 ESS jiM E9 W. V 1 AlUSUU Br. MS ino •t 10 Clb« Oelty Br. 1330 CM* Oetcjr r C 1006 Ob* Oe«y Rm 733 Credit Suisse Br 2MB ■4 Credit Suisse Re« 00 -3 CMtramU Br I960 unch Oeorfe Fischer Br 718 S OlOtHU PC 432 2 Hero
        182 words
      • Article
        Weakening yen adds to investors' worries
        1218 8 NEW YORK STOCK prices retreated in light trading on Monday as investors continued to worry about rising interest rates, the economy and petrol shortages The market was also hurt by comments by Federal Reserve chairman William Miller that the yen has weakened too much
        1,218 words
      • Article
        TORONTO
        197 8 »HW» Bank Moot B» mm Bank Nov* Scoua S Bell T.I ax v% Beth Corp BP Can Ltd Braacan a* a« unch Camp Red Lake Zl -*>H Can Imp Bk an Canpac as -H Can par in* Pf 1IHB unch carllnc OKteh 5<* Com Inco aw -H Com BaUi
        197 words
      • Article
        JO'BURG
        290 8 MAY 14 Rand INDUSTRIALS A Alpha 107 4} Abercom 233 -2 AE And CI 450 u nch AMIC IMP Barlows 575 u m>h C| Sugv 000 Unch CWA no 10 CurrM Finance 100 unch Dc Bwn Ind 1575B u nch EOcon 375 unch Ed|in Ewrtu); 4560 4 130 fXl
        290 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      171 8 Where to wine, dine and entertain 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 CIS prime beef, our daily liouvelie Cuisine specialities or let our executive Chef, Leo Wakfcmeier help you pick a
      171 words
    • Advertisement
      Page 8 Advertisements Column 2
      113 8 Let DANNY KOH. our award-winning resident pianist and the TWO CHORDS entertain you as you relax in the rugged and adventurous atmosphere of African safari of the Treetops Bar. •J a Enjoy any two drinks during the HAPPIER HOURS (4.00 7.00 pm) daily with Adii, Adam and Ben and have
      113 words
    • Advertisement
      Page 8 Advertisements Column 3
      146 8 For lunch. For dinner. For a richly rewarding experience. B K > V CI A W cnlun I'nrk Slicralon c 5 s j 111 '<.( )'S 1.l I U K sii )i ;R( >.\hi si l 1111 l I I I HIIIIK < t« i\\. til \<»i i. ii Ui<
      146 words
    • Advertisement
      Page 8 Advertisements Column 4
      130 8 "In the GeorgianVftne cftheCocfepit a splendid Period restaurant iffering the choicest fare in the true British tradition Cockpit 3ol f l a ilrtiah! to rrturn la AMPIt CAPPA&K SPACtS where good tasie triumphsfrom Beef UfeJlingion Buierfly Fillet and a wide choice of traditional dishes 10 dining in a luxurious period
      130 words
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      Page 8 Advertisements Column 5
      6 8 8m Pagi 4 for Asian Stock*
      6 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Proposed bill to ban foreign takeovers of NY banks
      323 9 Reuter. A BILL to prohibit foreign takeovers of large banks in New York State was introduced in the State Assembly. Sources said the bill is related to the controversy over Hongkong and Shanghai Banking Carp's proposed acquisition of 51 per cent
      Reuter.  -  323 words
    • Article
      Rise in US prime rate soon
      166 9 THE US prime rate will rise to 12 from its present ll'i per cent soon and is likely to peak at less than 13 per cent, executive vice president of the First National Bank of Chicago Mr William McDonough said. US consumer attitudes towards
      166 words
    • Article
      YEN HAS SLIPPED TOO MUCH, SAYS MILLER
      136 9 AMERICA'S Federal Reserve Beard chair* mas William Miller said the yes has weakened tee far siaee last Nevl. He alss said despite this weahenlag the dollar ssppsrt programme announced last Nev 1 has heen highly successful in stabilising the dsllar. Bat, the dollar's
      136 words
    • Article
      Lock icon Credit Agricole issues 150 million franc bond
      182 9 Reuter. THE Caisse Nationale de Credit Agricole has issued a 150 million franc 15 year 9.7 per cent "provinces de France" bond on the domestic market for eight departments in the Natl Pas-de-Calais Picardie and De de France regions. In Washington, the Federal
      Reuter.  -  182 words
    • Article
      Three South Korean loans
      61 9 THE South Korean government has approved three foreign loans totalling US$l5B million for projects to expand the country's power generating capacity, Economic Planning Board officials said. The board's foreign capital inducement deliberation committee authorised the state-run Korea Electric Co (Keco) to obtain a 14Vi-year loan of
      61 words
    • Article
      Income to push housing loans scheme
      693 9  -  By COLIN CHEE THE NATIONAL Trades Union Congress Insurance Co-operative, Income, is pushing for a bigger share of the housing loan market. This will make it the first local insurance company to go into the housing loan business in a big way, and may
      693 words
    • Article
      Lock icon Export credit for China
      240 9 Reuter. ITALIAN and Chinese officials have met to negotiate the final details of a planned US$l billion, eight-year loan at 7.5 per cent to finance Italian exports to China, he said. Negotiations are also still open with East Germany, on a $500 million, B'/j-year credit to
      Reuter.  -  240 words
    • MONEY AND EXCHANGE$
      • Article
        Asian $ rates
        148 9 Asian rates ASIAN currency deposit interbank rates as at close on May 15: US DoitanOpot) Offer Bid 7 days 10% 10"« 1 months 1010% 2 months 1011/16 10 0/16 3 months 11 10% 6 months 11% 11 0 months 11% 11 12 months 111/16 1015/16 8w.Tr*. Dm. imuil r,ii 1
        148 words
      • Article
        Gold
        422 9 SINGAPORE gold futures yesterday closed sharply higher compared with Monday night's closings in moderately active trading, dealers said. Opening quotations were marked up between US$2 to $2.50 in line with the metal's overnight strength in New York and prices thereafter held steady during the morning's trading. The market rose
        422 words
      • Article
        Singapore market
        509 9 THE US dollar generally finned against major currencies yesterday. Once again, activity was most prominent in the yen counter. Against the Japanese currency, the US dollar opened at 212.70/90 and was taken down to 212.30/40. The opening of London brought along some support and the dollar firmed to
        509 words
      • Article
        Discount
        49 9 RANGE of price* offer ed by dl»count houses on May IS: Overnight K to 4H% Call deposits 4H% Cloatag Bayiaf 3 month 9*tUa< Treasury bUU 4H 4W 3 month Bank bills 7H 7W 3 month CD 7'* 1 6 month CD 7W 7* Source: National Discount Co Ltd.
        49 words
      • Article
        Frankfurt
        43 9 FRANKFURT exchanges opening quotes on May 15: US -1.9000/07 (1JM/C) Can 1.S3SO/C5 Stg 3.887/W7 on-xa/« S FY U0JI/S3 Lit 2.233 243 F FY 43.14 24 N Kr 3I.58 '88 B FY (con) (.245 255 b ft (flu) t aec ost Ten 0.8917/32
        43 words
      • Article
        London
        159 9 THE DOLLAR yesterday opened firmer against Continental currencies while the yen also strengthened, helped by remarks from Federal Reserve Board Chairman William Miller that the yen is undervalued, dealers said. They added that the dollar's firmness was set against a background of views which saw a recession in the
        159 words
      • Article
        Hongkong
        116 9 THE US dollar was yesterday quoted around New York's closing levels overnight. or slightly below, against most major currencies in fairly quiet late trading, dealers said. It eased to 212J5/80 yen from New York's 212.75/ 213.00 dose and to 1.7175/15 Swiss francs bum 1.71*/ 205, bnt was steady at
        116 words
      • Article
        Tokyo
        115 9 THE DOLLAR for overnight delivery yesterday closed at 212.65 yen, slightly above the 212.60 opening but down from 213.80 st Monday's close, dealers said. Trading was active, with volume US$7B6 million. The dollar fluctuated narrowly between 212.20 and 212.70 yen in nervous late trading after erratic movements in early
        115 words
      • Article
        MLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their beat cuatomers is 8 per cent.
        21 words
    • Article, Illustration
      Lock icon UK will join EMS: Jenkins
      69 9 Reuter. THE Earepeaa Ece- •mlc Cemmaaity ccmmhwton president Ray Jenkins (ahsve) expects Britain to Jala the EMS mm after simmer. Addressing CepeahagM'i Foreign Pslicy Association Mr Jenkins predicted that Britain's aew Try gsvemmeat will wait aatll sterling la "slightly tower" hefsre a "pssttlve dedstoa" regarding
      Reuter.  -  69 words
    • Article
      Lock icon Go-ahead for Bank of Adelaide loan
      182 9 Reuter THE MAJOR Australian trading banks and the tieserve Bank agreed to provide the Bank of Adelaide with a loan of up to A$GO million (about ***** million), the largest rescue operation in the nation's business history. Australian Bankers Association chairman Robert White said
      Reuter  -  182 words
    • Article
      Lock icon WHAT COURSE WILL MARINE HOLDERS TAKE?
      804 9 NYT. WHAT are shareholders of Marine Midland Banks Inc. to do if New York authorities allow the Hongkong and Shanghai Banking Corp. to acquire control of the statewide bank-holding company? Under the pending plan, Hongkong and Shanghai Bank would offer shareholders about US$2O a
      NYT.  -  804 words
    • Article
      Lock icon IMF to sell less gold at monthly auctions
      370 9 Reuter. THE International Monetary Fund will reduce gold sold at its monthly sales to 444,000 ounces from 470,000 from June. The IMF said the cut in the monthly «gold sale amount followed the regular review of gold sales by its executive board.
      Reuter.  -  370 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      246 9 M aSuper-salesman'tries to sell you a minicomputer Jest him with our Benchmark Program. S! 3 a S. r 1 m 1 A tricky business, computers Buying a computer these days is a difficult and confusing matter. There are so many to select from, so many different sizes and capabilities. As
      246 words
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  • Article
    DEALS DONE ON THE SES AND KLSE
    1479 10 In Singapore SSLf* Z tter price OtttciMUy Mated and business in and to the Stock Exchange wlth number of shares traded shown >n brackets In lots of 1.000 unite unless otherwise specified. All Time Settlement Contracts we quoted after the word "sett". Bit
    1,479 words
  • Article
    Unit trusts
    82 10 EE51 INCOME BON D UNIT (Carat pi Tkiwk Band M 110 LU MABA BUMDT1 FSA FUND (Weasgers' prices tar May M) Flrat B putr* Second B'putra Third B'putra Fourth B putra Fifth B'putra Sixth B'putra (A) Seventh B'putra (A) Seventh B putra(B) Eighth B'putra (B) Math B'putra Tenth
    82 words
  • Article
    SHARE INFORMATION SERVICE
    2617 10 1979 High Low Compaay Last Sale orGr*. Div Di* CTT Gr" s YTd Net P/E 1 Vol ("000) Day Higk Low SECTION ONE INDUSTRIAL COMMERCIAL 261 190* 142 180 285 74* 213 350 215 380 207 123* 110 150 200 80 185* 226 177 298 Ac ma
    2,617 words
  • Article
    Government bonds
    148 10 4 1/2% 1/8/80 (250,000) (M.408 99 508) 4 3/4* 15/9/80 (250M0) (99.608 99 708) 6 3/4* 1/6/78-80 (250.000) (100 JOB 100.908) 6 1/2* 1/5/79-81 (250.000) (100.358 100 JOS) B 1/4* 1/3/81 (250.000) (100.108 IUUJ<SUH) S* 15/4/81 (250.000) (4 99.57 5* T F 1/5/83 (250,000) (100.108 100 JOS) 7*
    148 words
  • Article
    Stock options
    89 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 bracket ft C (June 12.60) (0.458 0.545). Haw Par (June 11.40) (0.208 0.245) Him r
    89 words
  • Article
    In Kuala Lumpur
    1546 10 BID and offer prices officially listed and hiitiw in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown la brackets in 101 l of 1.000 unit* unless otheialae specified MHJBRIALB Aaan 2«0B lflS) tIMMh (150B) nil Ataan (IMS) (3) 1.84
    1,546 words
  • Article, Illustration
    Overall tone on SES up slightly
    698 10 SELECTIVE stocks eaase la far baytag sappert la a geaerally qslet Stock Exchsage sC Stagapare yeaterday. Hewever, the everall toae s( the amrket Impreved slightly. The slaw aad Msaraly pace at which tradteg was beiag eeadaetod gave the Impresstoa that iahhlers aad la vectors
    698 words
  • Article
    KLSE mixed to slightly steadier
    603 10 PRICES again finished mixed to slightly steadier on the Kuala Lumpur stock market yesterday in fairly active trading. After the opening which was perceptibly weaker, prices levelled off in the later sessions to finish generally better. While gains and losses were generally marginal in extent,
    603 words
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  • COMPANY NEWS
    • Article, Illustration
      Earnings at Datuk Keramat hit record high
      354 11 A BETTER performance from its sole operating subsidiary,- Datuk Keramat Smelting (DKS), combined with sharply higher investment income has again boosted earnings at Datuk Keramat Holdings (DKH) to record levels. Group pre-tax profit for the year ended Jan 31, 1979, rose a further
      354 words
    • Article
      JOHAN TIN PLANS RIGHTS ISSUE
      132 11 JOHAN Tla Dredgiag has ptipmi a Ave fir —e rights fame at $1 par that will raise Its pald-ap capital to flJtt tnllltea. lie esmpaay wUeh has •affered dnptollag Hm sre ootpat gave as reassa far the rights lssae hat pressmahiy this is to laJeet
      132 words
    • Article
      COMPANY MEETINGS
      228 11 DUNLOP Estates Bhd: AGM to be held at Bastion House, 8, Jalan Kota, Malacca, tomorrow at noon. Straits Steamship Ce Ltd: AGM to be held at Tower Room, Ocean Building, Collyer Quay, tomorrow at 11.00am. Paa Malayan HaMlags Ltd: AGM to be held at the Board Room of
      228 words
    • Article
      DIVIDENDS ANNOUNCED
      749 11 Current Ex Boohs Date Total for Total for Payment Date Close Payable the year Previous year GE Life 16% May 3 May 8 May 17 24% 20%(a) Rahman Hyd 20% I Apr 24 May 7 May 17 20% 40% St Steamship 20% TE Apr 24 May 2 May
      749 words
    • Article
      SCRIP ISSUE
      227 11 Company Particulars E* Date Books Close HK Land Toshiba Rosy Apollo OC BC Boris SEA Ut4 Plant OUB Oriental Hldgs Mai Flour 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 Issue of
      227 words
    • Article, Illustration
      Roxy (M) seeks bigger premises
      451 11  -  By DAVID CHOW ROXY Electric Industries (M) plans to expand its factory premises soon to prepare for a steady growth in sales in the near future. Chairman Li Dak Sum tells shareholders in his annual review that details of this expansion will be released when
      451 words
    • Article, Illustration
      KPS agreements end tin industry's worry
      1235 11 THE SERIES of agreements covering mining leases in one of Malaysia's two most important tin states, Selangor, has brought relief to some quarters of the tin industry in Malaysia. These agreements were concluded last month between some of Malaysia's major mining companies and the
      1,235 words
    • Article
      Lock icon No fire without fuel
      464 11 ■soma by HOCK LOCK SIEW THESE to iMtter API baralag. The API ha* Jut hrekea Mt mad dees act mm Mt sf pM yet. Bat If aetklag to tae vdeUy, the speealatlve Ore ttot to slamseriag to Ti i>||iw DeveUpmeats may tan Mt to be the
      by HOCK LOCK SIEW  -  464 words
    • Article
      COMPANY BRIEFS
      343 11 BANK Of Takye (Cvmh) fliWap NV: ISO million Guranteed Floating Rate Notes Due 1984 The interest rate has been fixed at 11 V4 per cent from May 15 to Nov 15. SENTOA njw—d Bh d: Registered office had been changed to 4th Mile, Jalan Mersing, Khiangm, Joh ore,
      343 words
    • Article
      It's $1.2m
      39 11 YESTERDAY'S report on new issues coming to the stock market entitled "June to herald the first issue" contained an item of inaccuracy. Sum Cheong Piling's paid-up capital is $1.2 million and not $10 million as was mentioned.
      39 words
    • Article
      James Dines seminar
      259 11  -  Letter to the Editor G. A. PRIOR Managing Director CONSILASIA JAMES DINES has asked me to point out that there are some serious inaccuracies in the article on Friday, 11th May, under beading "James Dines Forecast". Firstly, Mr Dines said he was bullish on the Singapore stock
      259 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      179 11 SOUTH EAST ASIA DEVELOPMENT CORPORATOR BHD. NOTICE OF MEETING NOTICE is hereby given that the Sixteenth Annual General Meeting of SOUTH EAST ASIA DEVELOPMENT CORPORATION BERHAD will be held at the Registered Office of the Company. 9th Floor. Bangunan Hong Leong. 117 Jalan Bandar. Kuala Lumpur on June 15. 1979
      179 words
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  • Article
    Ditching MRT project will cost millions
    514 12 IN PARLIAMENT YESTERDAY THE Government stands to lose about |8 to $9 million should it decide not to proceed with the proposed Mass Rapid Transit (MRT) System when its Phase 111 study is completed. Replying to Members' questions, Mr. Ong Teng Cheong, the Minister
    514 words
  • Article
    Ministry acts to widen tax net
    498 12 AT LEAST 56 per cent of the self-employed persons in Singapore who have taxable incomes are not paying tax. By comparison, for persons in- the labour force who are employees with taxable incomes, only 1,000 or 0.4 per cent of 247,800 such persons escaped
    498 words
  • Article
    Making sure medical students honour pledge
    304 12 PARLIAMENT yesterday passed the Medical Registration (Amendment) Bill which empowers the Medical Council to remove from its register the name of any person who fails to fulfil the undertaking signed last year. The undertaking, applicable to those who began their medical course after 1975,
    304 words
  • Article
    Malaysia hits out at cheap air fares policy
    291 12 MALAYSIA yesterday Jetaed etker Saatk eaat Aiu wMm la attack-tt'-S! Mi air (am paiey, wfekh It aaId cmM kill a aamker to fledgtlag alrttaee. Malaytoa became tke feartk to tke ftairiillM el 8eatk eaat Aslaa NaUeas (Aaeaa) I* speak at tke IWM
    291 words
  • Article
    LONDON STOCKS
    804 12 LONDON, Tues. Share prices cloned slightly firmer in quiet trading, dealers said At 3 p m the Financial Times index was up 15 points at 527.9. Early small (alls were nveifd after details of the government's programme was outlined in Parliament in the Queen's speech today, they added.
    804 words
  • Article
    Lock icon Bill to amend forex control law passed
    309 12 Reuter. THE JAPANESE Cabinet has approved a Bill to amend the foreign exchange control law and foreign investment law to free foreign exchange and inward capital investment transactions, but retaining some existing controls as contingent powers, the Tokyo Finance Ministry said. The Bill,
    Reuter.  -  309 words
  • Article
    Lock icon Algeria aims for 20 pc rise in oil prices
    275 12 NYT, UPI. ALGERIA will demand a 20 per cent rise in oil prices at next month's Geneva meeting of the Organisation of Petroleum Exporting Countries, its new Energy Minister, Belkacem Nabi, said. "We consider that the price of energy is clearly
    NYT,; UPI.  -  275 words
  • Article
    Lock icon VIET HELP NEEDED
    43 12 Reuter rHE Indochinese refugee problem cannot be solved without the active participation and cooperation of Vietnam, Philippine Foreign Minister Carlos Romulo said in Manila yesterday. "For any major alleviation of the refugee problem must come through Vietnam itself," he said.
    Reuter  -  43 words
  • Article
    NEW SET OF LEADERS FOR S.S.A
    219 12 A NEW management team has been elected to lead the activities of the Singapore Society of Accountants. Stepping into the shoes of Mr Song Chwee Him, president of the 2,800member body, is Mr Leslie Wong. Also voted into office at the May d meeting
    219 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      90 12 L When you're fishing for new markets, land big game with the help of air freight experts. When you're busy meeting deadlines, controlling inventory, hounding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as seriously
      90 words
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      Page 12 Advertisements Column 2
      0 12 =,+"}!?>_/:@;.|_$>!&<}!&`(:\^@.
      0 words
    • Advertisement
      Page 12 Advertisements Column 3
      352 12 SPECIAL GUIDE TO FITNESS Why Fitness You should control your weight. This will promote good looks and a happy, prolonged life. To be overweight is an unnecessary hazard for your health. It affects your looks and shortens your life by years. Too much weight hinders mobility, vitality and your physical
      352 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      60 12 WEATHER! Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally fair. Beyrt for 24 hun prfor to 7JI p.m. m May 15 at toe alrpert. Maximum temperature 33.7 Associated humidity 48 Minimum temperature 24.5 Associated humidity 94 Hours of sunshine 11.40 Rainfall in millimetres Nil Total rainfall for
      60 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon S'pore freighter charged
        76 13 AFP THE master of a Singapore-registered freighter, the Care, was charged in France on Monday in connection with oil pollution. The charges stem from an incident last week in which the freighter discharging manioc, spilled an undisclosed quantity of oU into this western port. The master, Mr
        AFP  -  76 words
      • Article
        Lock icon Soyabean oil for China
        63 13 Reuter THE "Ford Steele" is due to sail for China on May 22 carrying about 20,000 tonnes of Brazilian soyabean oil, shipping sources said. The vessel arrived in Paranagua on April 27 and is being loaded, they said. Meanwhile, the "Kampos" will sail shortly from Rio
        Reuter  -  63 words
      • Article
        Lock icon Oil tankers'insurance
        96 13 Reuter THE state-owned Iran Insurance Company wants to take over the insurance of tankers shipping oil out of Iranian ports, the official voice of the Islamic Republic Radio said on Monday. A spokesman for the National Iranian Oil Company (Nioc) confirmed that the insurance company and Nioc had
        Reuter  -  96 words
    • Article
      H. Lloyd boosts run to Europe
      730 13  -  NEW 3,000-TEU CONTAINERSHIP By GOH ENG KEE HAPAG Lloyd, the West German shipping group, has ordered a new 3,000-TEU cellular containership for its Europe/Far East shipping service. The vessel, ordered from the HowaldtswerkeDeutsche Werft AG, Hamburg and Kiel, will be the largest in terms
      730 words
    • Article
      Lock icon London freight
      202 13 UPI LAST week marked a U555.56 (8H2.19) Jnmp la the U8 Galf-Jtpu grain rate. lUi was saperseded Sa farther Increase ef K whea a Sl,MMea Aianke vessel achieved ltt.ll (FIO) far a Jane It-tt shipment. Other western hemisphere Interest stemmed mainly tram the time-char-ter market where TraaaAtlaatte raaad
      UPI  -  202 words
    • Article
      Lock icon Norway is for the liner code
      425 13 Reuter NORWAY, one of the world's shipping powers, announced on Monday that it would accede to the convention on A Code of Conduct for Liner Conferences, which advocates a 40 per cent share of world freight shipping to developing nations. Norwegian Foreign Minister Mr
      Reuter  -  425 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1960 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      1,960 words
    • Article
      INDEX
      516 17 SUpplsg Liie Page Cal ACS n S Afea IV 3 Alfred V 2 Alpac IV 5 Angkutan ANL IV I 4 1 APL m 2 Armada V 3 Arya Nat n 5 ASCL m S Aust.Cont IV 5 Bank n 5 Batam V BBS n 2 Ben Asia m
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    • Article
      Container Schedules
      1023 18 r RECEIVING OF EXPORT FCL CONTAINERS 1 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
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    • Article, Illustration
      Lock icon Shipowners optimistic despite heavy losses
      1405 18 Fairplay 1 ALTHOUGH Sweden's major shipping companies have been reporting relatively heavy financial losses for 1978 there is a fairly strong undercurrent of optimism for the future and the industry may be justifiably pleased with its earnings in the form of gross freight income in
      Fairplay  -  1,405 words
    • Article
      Lock icon Congestion spells Bombay's problem
      798 18 UPI "IF WE HAD the choice, most of us wouldn't come here at all," the ship's officer muttered as he watched workers grappling with ropes and sacks on one of the few barges around to unload his cargo. "Bombay port is like a ship without ballast
      UPI  -  798 words
    • Article, Illustration
      SHIPS IN PORT
      349 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bremen Maru (1100 tbc after Pakalong Meranti A completion of diving operations) 31/32 Golden Eastern (after Ocean progress) 40/41 Golden Source (0930 tide) 23 Hoso Maru (0530 after Dong Kwang subj. freeboard) 29/ 30 Kota Setia (0600 after Kota Molek) 10 11
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      364 13 Lvcrctt Lines rat TNK MOST niQUKMT SAILINGS TO BAMOKOK HOMCKOMC •JAPAN PUSAM. I»wtl Itwnwhlp Cofpn. SM O'Hord I fMH 36, tMC* S»'W« Im JO 103 OC 9C Bttg T* 2144 i 'J »or« Kttono Agenn SOCSHIP CO OMO Tl M772T 4§* \RI)IM W I \fl Orient Overseas ContcjMeA Line FUUT
      364 words
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      Page 13 Advertisements Column 2
      358 13 SEALORD ANTAH n fln fIT 1 UASC UNITED ARAB SHIPPING CO (SAG, All vessels ***** DWT, 105 TON H.L. Derrick I 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICEi IQUTMBM S pore Loading for In Port Dub* (27/5). Dammam (30/5). Kuwait (3/6) 19/5 Dammam (30/5). Kuwait (3/6). Dubai
      358 words
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      Page 13 Advertisements Column 3
      93 13 FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONT O o«f+_ MS C CONTMU h. com. C MU. n nm. C MS to O*F S porf dw« u COWi. C. Nil PUft C WZ£ R MOWN HR CONTAMU IUCATO* 0 OCF TWUTS/AUSTRALIA Tto. Ttog tare U.S.A. COWTAfgR SERVICE IH XIBM 5 annzw fau
      93 words
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      Page 13 Advertisements Column 4
      566 13 m HONG KONG ISLANDS LtC UNERSERVCEFOR FAR EAST MIDOLE EAST AFRICA TAIWAN HONG KONG- AUSTRALIA See Pege IV Column 3 for Soilings Agents SINGAPORE SHIPPING AGENCIES PTE LTJ WARMTING 9111?? GENE RAt 9131)1 A EURO ASIA LINE SDN BHO K L 4?964 7« P Kl ANG *****1/3 PENENG 64 I/
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      Page 14 Advertisements Column 1
      517 14 Hapag-Uoyd Agents SEGANI Boo«rt l '")l JOS CFS leftrwji ??OSSj3 lump«» 4131 i; MJJS4 f 3* J!8 '-B*.' )60 V United States Lines WEEKLY CONTAINER SERVICE OAKLAND, LONGBEACH, PANAMA, SAVANNAH, NEW TORK, BALTIMORE. NORFOLK, HOUSTON, KW ORLEANS. BARBADOS, TRMDAD, BOSTON, CHARLESTON, BERMUDA, HONOLULU, GUAM COSTA RICA, MEXICO CITY, PORT HARCOURT
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      472 14 Hes! barber blue se< Fmc US ATLANTIC US GULF I EAST CANADA 25;« rnn my 25 fclll Mr 23 Mir 21 24 lb? 27 J»3 M«2S Nq2t Jh4 Mr" Mr 31 JM f •br3» tail imni Next Af LINES TK US ATIAI N*xt Lo TERMS! Jm 25 M kM 3*
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      Page 14 Advertisements Column 3
      408 14 EVERGREEN LINE FAR [AST FUROPf FXPRFSS FUII CONTAINFR SERVICf ACCEPTMG CARGO FOR: HAMBURG. FCIKSTONE. ROTTERDAM. ANTMRP. II HAVRE ALSO ACCEPTMG CARGO FOR: UMTEO WCOOM SOUTHAMPTON. LONDON. MANCHESTER. BMMNGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY J:, '.Vil EUROPE FAR EAST FXPRFSS EULI CONTAINER SERVICE (Ml MU Ew He tan Ew teyafw
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      Page 14 Advertisements Column 4
      858 14 Everett Lines! I** Burma Fivt Star Shipping Carpn. "BURMESE NATIONAL LINE" i mom for Mama 11/20 May B F SS C Agents m M okays* a TEPS MALAYSIA Port K«4or>g T«4(38)-7355 Penong Tef *****/***** Compania Arpantiaa Da IM_J> Navafadoa Intarcontinantal S. A. C.l. F. tOj7 "ARGENTINE NATIONAL LINE" LOAONG FOR
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      823 14 [> y i ,m i' n T mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD KM 2 102 ?10 3 21ST FLOOR MARINA HOUSE SHFMON A MISTRI ROAD SINGAPORE 2 TFL *****44 7 *****70 IO SANKYO LINE AUSTRALIA SERVICE F. Ketang Sangapore Loadng far 17/1$ May bPart SYD IMT carp., mat nana
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      738 15 Overseas B MB u Containers Vmm Limited Weekly service to/from UK/Europe To UK/Continent Bremen Eiprtss Oay Tefcyo Bar 12 Jun Car (Agar Bat 23 Am TMuo Eiprtss 21 to From UK/Continent MamM Container Samoa Pit LM *****1 CMUMMf Agencies Sdn BM. *****4 Contain*' Agencies Sdn BM. *****6/8 Boustead Shipping Agencies
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      Page 15 Advertisements Column 2
      979 15 GRANARD LINE RELINK! t DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDITERRANEAN Spare Plata* Penanf Lm*h tar M.* NELM I2M 20 May Mdab'P Sad Aieian M.V. MM MRS V.27N 12 M IS M M.V. MM FUNG VitN I M MI dcssas ACCEPTMG CONTARCR CARGO kdM/P Sad/ Aleiandria Be*ut,lattaAia fVeMS/Trvok/Bcnfliui o|o»yti'P Sudan
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      Page 15 Advertisements Column 3
      534 15 BEN LINE CONTAINERS O BEN ASIA CONTAINER SERVICE EXPRESS CONTMO SERVICE STRJUTS/TAIWAN/JAP AN TO T Spore PU«| Penary Mo Km Tokyo note 24/5 21/5 73/5 30/5 4/6 C/ 6 Bonrta Ace 1807 Ben»a*a 580? Benny Iraki 2807 CM** Ace 3507 Bomti Ace 1808 Ban.aAa 5803 29/5 26/5 a/5 5/6 9'6
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      Page 15 Advertisements Column 4
      315 15 Scan Dutch 9 WEEKLY EXPRE Vi >i 11:1 »> 1.1T14 »7i 11 :fj: :m i: 3) ttavi 4) Gbur Spa. 22/4 24/1 M/i 24/7 24/7 Jl/7 ASTBOUND FROM MED/UK/NC/SCANDINAVIA Ma* S pore 14/J U/5 21/5 M/i 2/4 */S. 4/4 4/t 1) Makaa SlirkktM. o*. HaMMa Mk. Mk 1) Branai 4)
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      668 15 r BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD. LOADS FOR E. I S. AFRICA Spore 3 6 Kin f Ketone MO ton Maiunga Durban Clow PI. E Ldo) FROM (AST I SOUTH AFRICA ftKSL Penai* P FOR BANGKOK MAMA Spore la U.S. GULF COAST SERVICE (New Orleans, Mobfle, Houston, Galveston)
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      892 16 8 K LINE KAWASAKI KISEN KAISHA. LTD. M RCA TOO UW 0 CHEF 14* S S BRCGf 21W C CONTMCR 1W N CORN. TO EUROPE S po" P Kelang t Havre Rdam Sated In Port 1 tun 2 Kin 19 May 20 Ma, 5 Jun 6 tun 25 May 26
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      Page 16 Advertisements Column 2
      678 16 U.S.A./EAST CANADA SERVICE ACCEPT* FCL/ICI CONTMOS FROM PEMNC. P UUMG. STORE L*MM| tar: KM TOM. NORFOLK E.C./GREAT LAKES SERVICE LOAOMG FOR: IC* TOR*. NORFOU. MONTKAL. TqRONTO CAUFORMA/PACVIC NORTH WEST SERVICE L«*( Mr LOS MGOO. SM FRMCSCO. SUTTU. TACOH*. KMCOWI. LC. Pen** P MM| S*Pftn I b(Mi "SO ANOHRA PWttSK 20/221%
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      Page 16 Advertisements Column 3
      279 16 o 9/\(>roui> SINGAPORE SHIPPING AGENCIES PTE LTD 20 T H ftOO H OCt AN Bull DING SINGAPORE 1 WARkET'NG *****2 t3LINESi Gt Nf fiAi 9 1 3'11i 1 4UNESi TEIEX RS 2459S RS 2SS6B A B C ARSMip C ABl E CARGOSMIP X* SIMCiAPORE ISLA XDS USE MIDDI.b HAST RttiVLAR
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      Page 16 Advertisements Column 4
      753 16 .MALAYSIA* iHTtPNATIQNAL SHIPPING CORPORATION BCPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MEO/UK/CONTINENT/SCANDINAVIA WISTBOIMD: feofcr *P Mam Vme Spar* 1) Msekis 2) Mm 3) HMg 4) Gterg 1) G bw| 2) Hbwi 3) Bwt 4)Rdans)LtH P Kdm WHOM* M S.M SM M 19/5 FOYAM SaM Sated SaM Sated SaM 23/5 AORMGAN SaM
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      Page 16 Advertisements Column 5
      618 16 t INTRfISEfI (PTE) LTD. F.iber House 2 >4E Orchard Road Singapore 9 Telephone *****1 1 *****57 1 kguw nxnmnn sm/niu contmo soma to euk) S port r. Mm| fMM UoteM: '»>») *»m iSTf/MM. 30 m* a«M ta(g)/riH/iri(| Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P Ketang LmAm tar: FORTUKR V.13 22 May
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      357 17 EGYPTIAN INTERNATIONAL line (EILi EGYPTIAN FLAG FAST AND DKECT UNER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) STORE PT KEi PENANG PT SAD MO HTHASTM IbyM Mi J km 14 sran u tail km a m* rnuHßSu >m n mm m 23 TTYj-- 1 Uoa< MM TUNS CJMO MAX CONTACT SdOKI
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      Page 17 Advertisements Column 2
      230 17 ALFRED C. TOEPFER LINE REGULAR SERVICE TO MDfTBKAICAW <J®v POUTS OF (TALY. SPMt FIANCE TIBER SERVICE S>n P. K« BASa 24 May /yrarrn 31 m iriTEßmoeßl TRGIWORT ANHSING OVERSEAS LINE RCGULM SEM-CONTAin/Laa SERVICE S pore P Mni PMM| Lm*| tor *UNKM BANGKOK. •AW tfflfK •WWW BOSTOwI 5/7 Jw 3/5 km
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      Page 17 Advertisements Column 3
      155 17 ARMADA SHIPPING APS LOMMK FOR NORFOLK/PASCA6OU. A SJNGAPOKE PORT KELANG PENANG "SEATK" 22/24 MAY 25/26 MAY 27/21 MAY GOOAL AGENTS: EVERETT STEAMSHP CORPORATION S/A k*bM Id. <7771/1 tm X/1U OCJX M| Id *****/1 I WEST KX ?«r €*prm*4 BOUND LOAOMG FOR MUSCAT. OUBAI ABUDMAB. BAHRAM KUWAIT EASTOMDMSIJK mm* nm, 1
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      Page 17 Advertisements Column 4
      258 17 LifiN SHIPPING TRADING CO PTE > LTD > jot :»< euuo-*(; > »o» *so» »o«c a> •f met:: b, HS»cib.! »»»10 20-I-7* 21-5-7# HHUMU ran u-5-7* w n l*-S-7* 21-S-7* MUMPI lIWM n* trw m m "TIT ur HI "SB MM 22-J-W 2S-S-79 ran 17-5-7* 20-5-a a-s-n 2J-5-7* 25-5-71 27-5-7*
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      Page 17 Advertisements Column 5
      195 17 CELTIC BULK CARRIERS Regular Bulk Swvfci For Timbor Plywood Spn P lte| Lo**c DEVON CUT FE VOT 1 19/5 22/5 KMM/MMM VANCOUVER CUT FE VOT 2 CELTIC FE VOT 3 TUURT, BREMEN, HOL/ANTNERP i UnHad Oqiiih Ht Ltd ipon Tat; i Its: «cy Mi Mid: P. Katang Tat SM DUTCH
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      103 18 NOTICES LANOM6 SMP (2,300 CROSS TONS) TO L& WEST COAST AND PMLLMKS OR TAIWAN. NEED CARGO NIL REDUCE RATE. CONTACT JOE CONNOLLY ROOM 301 AMBASSADOR HOTEL SINGAPORE PHONE: *****11 Now calling on fixed days every week. Now Scan Dutchccontainerr r ships sail every week from each port of call on
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