The Business Times, 18 May 1979

Microfilm: NL10176
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.qp) No. 14J/1/79 FRIDAY, MAY 18,1979 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Oil price ceiling?
      49 1 AP BRUSSELS, Thurs. France today proposed a ceiling on oil prices in the highly volatile Rotterdam spot market. Minister of Industry Andre Giraud announced the French proposal to the press just before opening a meeting of European Common Market Energy Ministers which he will chair. AP
      AP  -  49 words
    • Article
      Lock icon Vietnam will withdraw if...
      74 1 AFP HONGKONG, Thurs. Vietnam will withdraw its troops estimated at 200,000 from Kampuchea and Laos when the threat of Chinese "aggression" ceases, Radio Hanoi declared tonight. "If there were no threat from China, Laos and Kampuchea would have no reason to ask for the help of
      AFP  -  74 words
    • Article
      Lock icon US$2 billion loan
      71 1 Reuter TOKYO, Thurs. A syndicate of 31 Japanese banks will sign an agreement with a Bank of China mission here tomorrow on basic conditions for a US$2 billion (554.34 billion) loan and a $6 billion refinance facility, Japanese banking sources said. Final contracts will be negotiated within
      Reuter  -  71 words
    • Article
      Lock icon Third World debts
      70 1 AFP MANILA, Thurs. The debts of Third World countries have shot up from US$74 billion (*****.58 billion) in 1970 to a staggering $244 billion in 1977, a survey circulating at the fifth Unctad conference here today showed. The survey, made by the Organisation for Economic Cooperation and
      AFP  -  70 words
    • Article
      Lock icon Situation grave
      54 1 AP MANILA, Thurs. President Marcos' government told the United States today the presence of US forces in Asia probably is preventing a major war. Nevertheless, Deputy Foreign Minister Manuel Collantes called the situation on the Asian mainland grave and said realigned alliances in the region "are classic intimations
      AP  -  54 words
    • Article
      Visitor from Chile
      75 1 THE Vice-Minister for Foreign Affairs of the Republic of Chile, Mr Enrique Valdes, flew in to Singapore yesterday on an official visit at the invitation of Senior Minister of State for Foreign Affairs, Mr S. Dhanabalan. Mr Valdes will hold discussions with Mr Dhanabalan and will also
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    • Article
      Lock icon Dow Jones
      67 1 AP NEW YORK, Thurs. The stock market pushed ahead this morning. The Dow Jones average of 30 industrials rose 2.86 to 831.34 in the first half hour. Gainers outnumbered losers by a five to three margin in the early tally of New York Stock Exchangelisted issues. Analysts said
      AP  -  67 words
  • Chief Price Changes
    • Article
      SINGAPORE
      133 1 Rises Most Active Kg Laajnt 8 tin Kiata 240 790 +21 10 UOB 393,000 Straits Tridiaf 750 10 Consplant 252,000 U A C 450 10 UOL 178,000 Keck Seng 200 10 UE 133,000 Tuck Ctant 330 8 Metal Box BM 242 +7 Total Turnover: 4.39m Selanfor Dredf 446 6
      133 words
    • Article, Illustration
      KUALA LUMPUR
      144 1 Rises Most Active YHS 434 +30 Consplant 332,000 S Kinta 800 20 S Darby 216,000 Taiping Con New S'dah 400 +20 F Merlin 167.000 318 10 Dragon A Pheonix 154,000 S Mai tin D K era mat Kempas L400 1330 505 +20 10 +09 Total Turnover: 3.47m Total
      144 words
  • Article
    New loan deal for industries
    883 1  -  ECICS GUARANTEE SCHEME By COLIN CHEE THE Government will introduce before the end of this year a new export guarantee scheme that will enable local manufacturers of heavy equipment and capital goods to obtain medium- and long-term funds at very competitive rates. The move may
    883 words
  • Article
    A CREDITABLE '78 PERFORMANCE
    197 1 THE Export Credit Insurance Corporation of Singapore (ECICS) turned in a reasonably good performance last year on a net overall surplus of $2.5 million. This brought the company's cumulative surplus on operations to $5.4 million from $2.7 million in 1977. There was a surplus despite the
    197 words
  • Article
    Metal Box cans for brewery in New Zealand
    708 1  -  By RONNIE LIM THE OVERSEA-Chinese Banking Corporation (OCBC) group, which had spearheaded its drive into the New Zealand beverage industry through group interests like Malayan Breweries Ltd (MBL) and Fraser and Neave (F and N), appears now to be flexing its muscles
    708 words
  • Article
    Singapore engineers return to work on Iran project
    278 1 A TEAM ef teehaleiaas aad eagiaeers tram Slagapere will retara to Iraa early aext meath, to complete a prajeet abaadeaid few meaths age at the height ef the aatt-Bhah reveiottoa la Iraa. The iaea will be eeat hy Jaraag Eaglaeertag Ltd (JEL),
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  • Article
    First high precision foundry to be in Jurong
    458 1  -  By JOHN LIM SINGAPORE'S first high technology foundry, making precision investment castings for industrial and aerospace applications, is being set up by a UK-based company, Normalair-Garrett Ltd (NGL). This is the company's first foundry outside Britain. NGL Singapore represents a foreign investment
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      Page 1 Advertisements Column 1
      29 1 —XXI rt f SAFE WITH !l AN ITOKI SAFE BUSIMCSS NUCHMO SYSTH«(S)PTfITO 47 Podtum Block Go*dh«li Pla*a. Newton Road Singapore 11 Tel *****94* Cab* BUSNESTEMS Singapore :\[?\,,(}}%+\>;$++/+}"+"\|',/&! SEE PAGE 3
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      Page 1 Advertisements Column 2
      154 1 Braun micron It means more than a close shave With the Braun micron you get a good close shave, without having to go over the same patch of beard time and again. The secret of how the Braun micron gives'a closer shave lies in the foil itself. In the thinness
      154 words
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      Page 1 Advertisements Column 3
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      Page 1 Advertisements Column 4
      224 1 PrMttat/Dteptay CateaM* Fits ia Ywr Hmi Lsw SoW Agent* Guthrie Trading Tel: *****5 4 *****5 tJ\aV A rare experience for gourmets with a love for French Cuisine. Come to the Festival Gastronomique -Jfy* at the Harbour Grill and savour the i M superb creations of one of France's y a
      224 words
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  • TRADE AND INDUSTRY
    • Article
      Gearing up for opening of Japan-S'pore centre
      415 2 THE Japanese government, through the Japan International Cooperation Agency, is to send another team of experts here in July to help start the Japan-Singapore Training Centre, built on a 9,000-sq metre site in Bukit Merah. These eight experts, together with the first group
      415 words
    • Article
      MEMO PAD
      517 2 COURSES AND TALKS March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development April 90-Aug 24: Tuition Courses for the Australian Insurance Institute Associateship, i sttc, srrc May 4-24: Industrial Relations, j Holiday Inn, Personnel and Organisation Development May 18: Training preparation of welders for
      517 words
    • Article
      FLUSHING SYSTEM FOR PIGS
      102 2 AN ON-FARM pig wastewater treatment and automatic recycling system, the first of its kind in this part of the world, has been constructed by pig farmer Mr Ng Boon Eng with advice from the Primary Production Department. A key innovation was the automatic flushing system designed
      102 words
    • Article
      Wander may make more products in Republic
      289 2 MAKER of Ova]tine, Wander (Singapore), is considering manufacturing some of the products which it imports from its 'counterparts' abroad. Wander manufactures Oval tine and Oval tine with Honey at its plant in Jurong. The company, a wholly-owned subsidiary of Wander Berne of Switzerland,
      289 words
    • Article
      Effective management
      73 2 PRICE Waterhouse Associates will be conducting a course on "Leadership and effective management" from July 5-6 at the Hyatt Hotel. It will also hold lectures on "Critical path analysis and project management" from July 9-10 at the same venue. The other two courses that will be organised by
      73 words
    • Article, Illustration
      COST OF LIVING ROSE IN APRIL
      642 2 INFLATION in Singapore picked up last month after showing a decline in February and March this year. According to the latest set of cost of living figures released by the Department of Statistics, higher food prices caused the consumer price index in April to
      642 words
    • Article
      THE DENTAL CHAIR SETUP
      286 2  -  By JOHN LIM DENTAL CHAIRS will be made la Slags pare far the first time whea a Preach eampaay starts pradaettaa aext msH. This latest Preach ianslmial mt ahaat $2 miittaa Is fram 8 N E Gallas. The eampaay maaafaetares total eqaipmeat, with deatal chain aa
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    • Article, Illustration
      TELEPHONE SERVICE FOR THE ISLANDS
      384 2 COMPANIES and residents on any of the offshore islands will be able to apply for telephone service when Telecoms commissions a $487,000 multi-channel rural radiotelephone system in August this year. Opening the Telecommunications for All Exhibition at the Singapore Conference Hall yesterday morning, the Minister
      384 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      350 2 OGILVY and Mather Singapore has announced a new appointment to their board ot directors creative director Jtfea Archer. Mr Archer joined Ogilvy and Mather Singapore in June 1978 after six years with the agency in Melbourne, Indonesia and Hongkong. In 1974, he was awarded the David Ogilvy
      350 words
    • Article
      DIVIDENDS ANNOUNCED
      744 2 Current Payment Ex Date Books Close Date Payable Total for Total for the year Previous year PM HM(i Ajinomoto Bata (M) Dunlop Eat 1 C B 8*1 Prop OCBC Eaao Ord Intraco Dunlop Industrie* Apollo Tractor* Ambassador Carls be r« Hi<k Low Nat Iron Kulim (M) B Rays
      744 words
    • Article
      SCRIP ISSUE
      213 2 Coapuy Particular* Ki Date Books Cloee Toshiba Rosy Apollo OC EC Bovi* 8KA (J 14 Plaat OUB Olympia Oriental HMgs Mai Floar RlfbU Issue of 3 for 2 $1.50 per share Bonus Issue of 2 for 5 Rights Issue of 1 for 1 to $1.00 per share Bonus
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      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 1301/1304, 13 floor, Tunas Bldg., 114 ANSON ROAD, SINGAPORE, 2 CFS: NG
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  • REGIONAL
    • Article
      Lock icon Third World working out a common stand
      420 3 Reuter THIRD World countries are making progress in putting together a common platform to negotiate with the industrialised and socialist countries for a better share of the world's wealth. The United Nations Conference on Trade and Development (Unctad) in Manila was told yesterday
      Reuter  -  420 words
    • Article
      Lock icon Taiwan to double refining capacity
      196 3 Reuter TAIWAN'S state-owned Chinese Petroleum Corp (CPC) will double its refining capacity at the Taoyuan Refinery in northern Taiwan to 200,000 barrels per day, CPC president T H Lee said. Mr Lee said the expansion would take 30 to 36 months to complete. Preparations are
      Reuter  -  196 words
    • Article
      Lock icon Bypassing Aramco
      159 3 AFP C. ITOH and Company, a Japanese trading firm, has signed a one-year contract to import 500,000 kilolitres of naphtha from Saudi Arabia on a direct-deal (DD) basis, starting this month, the Japanese company announced yesterday. C. Itoh said it is the first time a company not affiliated
      AFP  -  159 words
    • Article
      Lock icon OECD: JAPAN'S CURRENT ACCOUNT SURPLUS HIT
      167 3 UPI INCREASING oil payments and high oil imports following a series of oil price hikes by Opec nations will dramatically trim Japan's current account surplus this year, the Organisation for Economic Cooperation and Development (OECD) predicted. Official sources said on Wednesday the Paris-based international
      UPI  -  167 words
    • Article
      Lock icon 400,000 to 600,000 want to leave Vietnam
      184 3 NYT AP A SENIOB Vletaameae dlptomat said 495, m to peeple la the farmer Seath Vletaam out to leave their bamelaad, la addltfea to "aeveral hundreds af thaasaada" wha have (led slaee 111S, aad that Vletaam Is ready to let them g*. Bat
      NYT; AP  -  184 words
    • Article
      Lock icon TSE tightens controls
      273 3 Reuter TOKYO and seven other Japanese stock exchanges said they will tighten margin trading controls for all stocks listed on their market except 24 specific stocks on which even tighter curbs will be applied, effective immediately. This step, the second such in two weeks, is designed to
      Reuter  -  273 words
    • Article
      Manufacturing still top job provider
      532 3 MORE SEEK EMPLOYMENT THE Malaysian manufacturing sector remained the largest contributor of jobs in February when it accounted for 53 per cent of total placement of 3,069 during the month. The sector also reported the highest number of vacancies at 1,836 or 44.7 per cent
      532 words
    • Article
      KL overcomes plastic raw material problem
      412 3 THE RECENT shortage of raw materials (or the plastic industry in Malaysia has been largely overcome. The prices of the materials are still high but an encouraging sign, according to an industry source, is that they have stabilised and will probably remain at their
      412 words
    • Article
      Lock icon A.N.A. WANTS TO LAND IN PENANG
      146 3 AFP THE ALL Nippon Airways (ANA), a major airline in Japan, wants to operate chartered flights to Malaysia. Sources in Kuala Lumpur said yesterday that the airline had already started talks with Malaysian authorities about flying to Malaysia, particularly to Penang. Malaysian Transport Ministry
      AFP  -  146 words
    • Article
      Lock icon Drawing the line
      115 3 AFP THE MALAYSIAN Timber Industry Board (MTTB) had taken steps to restrict the export of ungraded jelutong so that pencil manufacturers would not have to face a shortage of wood. Its director-general, Mr Abdul Razak Majid, said the restriction imposed last year was tailored to meet the
      AFP  -  115 words
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  • RAW MATERIALS
    • Article
      P. Malaysia's rubber exports rise slightly
      611 4 ALTHOUGH rubber production in Peninsular Malaysia registered a sharp decline in February compared with January, exports increased marginally. However, production of crude palm oil recovered from its downwards slide which began last October and increased slightly in February. Production of plam kernels also rose
      611 words
    • Article
      Schemes to lift rice production in Kelantan
      721 4 KELANTAN'S padi produc- coconuts, groundnuts, fruits tion will get a big boost and vegetables, built a cocowben some 5200 million-pro- nut oil mill in Back ok, a grammes are implemented. copra processing centre in Padi yields in Kelantan Turn pat, banana chips procare
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    • Article
      Lock icon British copper usage rose in March
      238 4 Reuter AFP BRITAIN'S consumption of copper in all forms rose to 55,862 tonnes in March from 54,182 tonnes in February, bringing first quarter usage to 157,436 tonnes, 9.3 per cent below last year's level. World Bureau of Metal Statistics show. Refined copper consumption in
      Reuter; AFP  -  238 words
    • Article
      Produce exchange
      363 4 TRADING conditions remained generally quiet on the Singapore produce market yesterday. Prices for most commodities were steady. Peppers tended lower in sympathy with the weaker overnight market in London. Buyers, both local and foreign, were holding back following some cheaper offers from importers Small parcels were reported changing
      363 words
    • Article
      Soybean
      148 4 CHICAGO soybean futures on Wednesday rallied late in the firm on local and commission-house shortcovering to close in the plus column. Prices were up 2V« US cents to V 4 cent a bushel. Traders said old crop futures received support from the monthly NSPA crush repart, which showed s
      148 words
    • Article
      RUBBER
      345 4 IN LINE with the afterhours steadiness here on Wednesday and higher London advices, the Singapore rubber market yesterday opened 1.50 cents firmer and rose further on trade and upcountry buying, stop-loss covering and reserve of sellers, dealers said. Trading was active, with a new high of 288.25 cents recorded
      345 words
    • Article
      RAS PRICES
      390 4 R. A S prices In cenU per kilo yesterday: MM. Close (per kik Buyers 295.00 288 50 Int. 1 R.S.S promi Int. 1 R.S.S June (per kilo) Buyers Sellers pt f o b. 294 00 295 OON 287.50 ***** Sellers 296 OON 209 00 Int. 1 RSS July
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    • Article
      SSR and SMR
      108 4 NOON SSR —d SMR i mumtmr WLAM Jaaa Mr (Cm rmlMlkl (T« rwui M ik an ffiBtn k) ran fliltir SSR 20 l ua talMI »«jOO mooN TttM 27S.OON MB SO i U VI in pmDfti rrxoo 27S-OON moo 27S00N SMR CV ltaa pattMi MUX) SOtOON 2W
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    • Article
      Palm oil
      69 4 CXF. North European ports, in US dollar* per ton u otherwise stated. LONDON: Malaysian 5% Ha bulk per ton •si me July unch 6S7slr Sumatra 5% t fa bulk May unch flKpd June unch 672Wpd July «70pd 665 pd August unch 657 ipd September «7>4pd 6J>5pd Nlferla 5*
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    • Article
      Straits tin
      59 4 THE STRAITS tla price la Pnaig yesterday eased Msl« to $1,174 a pieal. VaJaes fell back after Wedaesday's rise sa slightly larger delivery sf tla metal frsm miaers, despite steadier Laadsa advices aad farther baylag demaad frsm Japaa aad Iscally, dealers said. Tstol tarasver rase to Ssi tiaaes
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    • Article
      Closing prices
      30 4 Rubber: May 17 Singapore: Jane: 288.50 cents (up 4.60 cents) Malaysia: June: 290.25 cents (up 4.25 cents) Tin: $1,975 (down $10) Official offering: 205 tonnes (up 34 tonnes)
      30 words
    • Article
      Hongkong Comex
      147 4 THE SUGAR futures market yesterday closed easier with losses of about 0.10 to 0.30 US cents, dealers said. Tading remained quiet with no trades done as Wednesday, and yesterday's spot sugar price was unchanged at 7.15 cents. Sugar futures ctoait price*: July 8.10 13 8 JO 23 Sept
      147 words
    • Article
      Textiles
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (la HK dollars, spot ex-godown) Cattsa yarn: China Blue Phoenix Xk 2,335; 3k 2.830 4k 3,056 (per bale of <00 lbs). Piece gaads: China Butterfly and Globe brand uaq; Dragon Head unq; Five Lamb* uaq; Flower and Butterfly
      193 words
    • Article
      LONDON MARKETS
      644 4 COFFEE: Robusta futures yesterday closed the morning steady with reduced gains against opening levels of £16 up to unchanged from Wednesday. The market had opened up to £25 higher. Turnover was 1,963 lots including three options and about 760 lots of cross trades. Spot May ended £16 up
      644 words
    • Article
      Rice
      326 4 BENG4PORE: Yesterday's closing prices in S$ per kUo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) nfw crop O.K. 100 per cent second clue 0.85. 100 per cent third dia 0.80. S per cent new crop no clock. B-10 per cent 0.70. THAI BROKEN: A-super 0.62, Special 0.56.
      326 words
    • Article
      Wheat
      72 4 WHEAT futures closed six to 5 1 US cents a bushel lower in Chicago on Wednesday. Among negative influences, traders said, were improved planting weather and news that conditions for China's wheat crop have improved. Traders noted local and commission house liquidation, adding that late commercial buying kept prices
      72 words
  • ASIAN STOCKS
    • Article
      Lock icon Nikkei D-J loses ground
      527 4 Tokyo Source: DBS-Daiwa THE NIKKEI Dow-Jones average lost ground yesterday for the first time in eight days, owing to news that the eight nationwide stock exchanges announced a rise in the margin collateral rate of stocks. However, Nittetsu Kogyo and Nippon Oil temporarily recorded all-time highs,
      Source: DBS-Daiwa  -  527 words
    • Article
      Sydney
      230 4 MAY IT Ctnu INDUSTRIALS A. C. L Ml -I A. N. I 1758 unch A. P. M 130 -1 M unch BMP MO Bank NSW Ml -1 Rnral 210 -1 Brambles 175 unch C B A M C. 8. R MO -1 Con Allied SM unch Dunlop M -l
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    • Article
      Manila
      95 4 MAY 11 Pesos Aco)e Mining ooo ***** Atlas Con A Atlas Con. a 23.10 -0J Bagulo Gold XII -0 0005 Benguel Con. B Br Ooodrtch 25.25 unch CDCP Z=Z 22J0 +0.3 Inco B Landoll .0145 -0.001 Lepanto B -2150 unch Marinduque B 10J0 -4.1 Meralco 22.80 0J Oriental A
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    • Article
      Bangkok
      225 4 MAY 17 BahU Asis Credit 222 4-2 AaU Fibre 166 -4 Ayuthaya In*. And Trust 131 4-1 Bangkok 280 unch Bangkok Bulk Bangkok Drying And Silo 346 unch Bangkok Insurance Bangkok Metropolitan Ban M0 •It Bangkok Njrtctt Bank Of Asia Z im -4 Bank Of Ajrudhaya Ltd 210 -t
      225 words
    • Article
      Hongkong
      253 4 MAY 17 HKf A mil Rubber 4.10 ♦0.1 Associated Hotels 2.70 0.0G Bowaters Cheonc Kong I 9 70 U Chins Enai 2.00B China Light 21.10 0.1 City Hotels City Urban I 1.71 -0.01 Comjopol Con P 4 8 Croat Harb TQnnel I 9 20 Ea*t A*im Navif 5.10B Far
      253 words
    • Article
      Selected indices
      59 4 FINANCIAL TIMB8 INDUSTRIALS Wednesday 5382 Tuesday 530.1 Week Ago 538.8 DOW JONU AVERAGE INDUSTRIALS Wednesday 828.48 Tuesday ***** Week ago 838.82 LONDON DOLLAR RRBMIUM Wednesday MM to54* Tuesday 53 to 53'^ H.K.HANG 8ENG Thursday 544.71 Wednesday 580.21 Week a«o 561.36 SYDNEY INDUSTRIALS Thursday 41X51 Wednesday 486.15 Week a«o
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      82 4 presents A Book Exhibition covering Commerce, Business and Management in the first floor exhibition area of the British Council Centre on Collyer Quay. 17th May 2nd June Open: Monday Friday Saturday 10am 6pm 10am 2pm The exhibition is designed to appeal to anyone with an educational, professional or general interest
      82 words
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  • OVERSEAS
    • Article
      Lock icon Peppering US with more Salt
      330 5 UPI PRESIDENT Carter has said that Soviet President Leonid Brezhnev wants to start negotiating a Salt m pact with lower missile levels as soon as Salt n is signed. "Mr Brezhnev has expressed to me privately his desire to begin negotiations on Salt m with
      UPI  -  330 words
    • Article
      Lock icon Chrysler-GM tie-up
      91 5 Reuter THE American Government has cleared the way for two big car makers, General Motors (GM) and Chrysler, to cooperate to help Chrysler cut its losses. Chrysler, America's third largest car manufacturer behind GM and Ford, lost US$2O5 million last year and had a first quarter 1979 deficit
      Reuter  -  91 words
    • Article
      HOUSE VOTED TO PRESERVE 'CROWN JEWELS'
      222 5 CONSERVATIONISTS won a major victory when the House of Representatives voted on Wednesday to preserve 45 million hectares of Alaska's majestic scenery for future generations. Opponents charged the Bill would "l«ck up" too much ot Alaska's exploitable wealth of oil and timber and cost
      222 words
    • Article, Illustration
      Special training on quartz watch
      246 5 SPECIAL courses on quartz watch technology have been established in Switzerland to upgrade the standards of after-sales service offered in Singapore and other parts of the world. A total of 36 training seminars have been planned by the Training Centre of Ebauches SA in Switzerland
      246 words
    • Article
      Lock icon Turkey-IMF talks stall
      303 5 Reuter CRUCIAL negotintions have broken down between Turkey and the International Monetary Fund on loans to help restore the country's troubled economy. Sources described the situation as "extremely serious." They said the IMF mission sent to Turkey to get an agreement which could have been the forerunner
      Reuter  -  303 words
    • Article
      Lock icon Mobil quits drilling in Baltimore Canyon
      196 5 Reuter THE giant Mobil Oil Coporation has abandoned a US$ll5 million (Ss2so million) oil exploration programme in the Baltimore Canyon off the coast of New Jersey. The company said its second test well in the canyon failed to find significant quantities of hydrocarbons and
      Reuter  -  196 words
    • WORLD IN BRIEF
      • Article
        Lock icon REFUGEE FUND
        562 5 Agencies LACK of funds for US refugee programmes coukl soon directly affect Americabound Vietnamese boat people floating in the South China Sea and Soviet Jews stranded in Italy, the American State Department warned. "We will be out of funds for all our refugee programmes at the end of
        Agencies  -  562 words
    • Article
      Lock icon Steel quotas likely to be extended
      176 5 UPI THE White Bin Is aaxleas to extead specialty steel Impart qsetas for mrtrr three years, aa Mutry exeeattve said sa Wedaesday. gitert Welch, presUeat sI the Steel Service Ceatre lastttate, sali that ward mms directly treat Staart Fluastat, President Carter's Ummtte pettey a
      UPI  -  176 words
    • Article
      Lock icon Growth forecast in US unchanged
      623 5 Reuter NYT US COMMERCE Department economist William Cox said his forecast of second quarter real economic growth of around 3 per cent is still likely despite the one per cent decline in April industrial production. He said the industrial production figures may well have been
      Reuter; NYT  -  623 words
    • Article
      Lock icon RISE IN FEB EXPORTS
      137 5 Reuter EXPORTS by industrial countries rose to an estimated U5569.5 billion (*****.9 billion) in February from 166.78 billion in January, the International Monetary Fund said. Countries reporting increases included the US whose exports rose to $12.93 billion from $12.56 billion, Japan with a gain to $7.72
      Reuter  -  137 words
    • Article
      Lock icon Bonn wants 4 pc real growth
      227 5 Reuter BUNDESBANK president Otmar Emminger said Germany wants real growth of 4 per cent both this year and next, and that this is possible. He told a savings banks congress in Munich that company profits and corporate as shown by the IFO Research Institute's
      Reuter  -  227 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      738 5 ARRIVALS Service Local Operator Namber Time From GIA GA944 1055 PKU GIA GA908 1100 MES PALPR501 lis MNL SIA SQ63 1155 MNL GIA GA982 1200 HLP SN SN287 1200 BRU/DXB/BKK SIA SQ240 1210 MES SIA SQ911 1240 SFO/HNL/GUM MAS MH6B4 1245 KCH SIA SQ20I 1245 HLP KLM
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      126 5 I ms M an ft 1 A class of its own xm Series 600 Elegant chairs Diethefm originate Their clean modern lines add an aura of distinction to your company image The new series 600 offers some very exclusive chairs for top management as well as reception and conference areas
      126 words
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  • Article
    New industrial tomorrow dawns
    453 6 THE Government's proposed integrated scheme of export credit insurance and finance may well be the launching pad for Singapore's new industrial era. It will be that period of growth when a complete reorientation will be made of the Republic's industrial capabilities. Industry here will be not
    453 words
  • Article
    Give the Republic a sporting chance
    414 6 VERY few people in Singapore, or anywhere in the world for that matter, are unaware that sports and leisure activities is big business. Few ever make the connection between the cost and expense enthusiasts incur in talcing up squash or tennis or golf or
    414 words
  • Article, Illustration
    Lock icon ADB moves where others fear to tread
    1045 6  -  In its early years the Asian Development Bank was accused of being too cautious. But in its eleventh year it is seeing the success of methods designed to ensure viability. By DANIEL NELSON. •By DANIEL NELSON FT ECONOMICS is a "considerably chastened science"
    FT  -  1,045 words
  • Article
    Lock icon Swedes lead the world
    703 6 UPI WHILE world leaders bold endless conferences and debate on ways to increase international cooperation and understanding, Mr Frank Wallick is one American who is doing something about it. Every year since 1975 he has braight a cross-section of representatives from US workers, health and safety
    UPI  -  703 words
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      Page 6 Advertisements Column 1
      79 6 StT-Y--: V- u. I I MHieii W*' THE MASTERS' Distinguished Residence. 1 -2-3 bedroom suites Prices from: $55,000 Canadian Funds Developer with give 5-year rent guoronty. For information contact: In Hong Kong: Montpelier International Properties 305, Fu House, 7, Ice House Street Tel: 5-*****1 In Singapore: or write to: Bellion
      79 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1281 6 Feature-less premiere? rrs galig to be a very unexciting eveilig if yon are on TV teaighft. It weald be far mere rewarding listening te year stereo system, er being awßftoed by a good boob. Evening TV brightens np a little (rem 1.4f p.m. wbea Werld Premiere Featare comes oo with
      1,281 words
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  • Article, Illustration
    Lock icon Texas Instruments is losing the lead
    1828 7  -  Metal oxide semiconductor (MOS) circuits... Texas Instruments' efforts to establish a presence in the MOS end of the semiconductor business were irreparably damaged. By PETER SCHUYTEN NYT LIKE ITS neighbours, the Dallas cowboys, Texas Instruments is well-drilled and tightly controlled. It has excellent recruiting
    NYT  -  1,828 words
  • Article
    Lock icon Asian Americans in NY still in the shadows
    564 7  -  By KAZUO MIKAMI UPI ASIAN AMERICANS in New York have made some headway in getting their presence acknowledged, but they still face employment inequities and educational disadvantages, according to sociological experts. Such disadvantages stem mainly from the fact that parity in the
    UPI  -  564 words
  • Article
    UK civil service — power behind the throne
    938 7  - UK civil service power behind the throne FORUM r ...with John Drysdale IT IS not only the FA Cup that continues to arouse public interest beyond Britain's shores, but British politics as well, despite the Kindgom's sapping economic and military influence abroad. The Queen's speech to Parliament last Tuesday, outlining
    938 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      44 7 in mim x u. ANTARES V v.- V A Germany Light alloy wheels LEICHTMETALLRADER WM Tyres, sports steering wheels, batteries <*a other accessories also avaflabte.i^H mm s HOCK QWPP I CAKIO Arn 7T«nßoonLMßuidkifl.H»rtockßo«l(Opp.Apo«loh^Sioo^)orB3.TEL;222o2B6(2ltnes) nwvi\ WVTuC LCV/nU Ot Uw.j TradeEnqutrtee: I*2l,Cuppageßoad.Singapore9.Te*:377BB6(2lines) 3746B3 UnipKMc HSL 0183
      44 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      56 7 BriStcJWV Franjc Dictos MP\PP\/ TO jg 77? /i RLbJRys DOON my BtßinDPry IS TO Tpsfc£_ P» GOOD MRI?P LOOK PYT myseLF VN ~MC niCfiOß.... *2> see. uiHprr Tne. P*sT NCP*R v-\p»S Doric. To nv PPC£-. HPiSrVT BGfctf P»LL THRT f=p GOOD ft N£P4? F^UJ raPvJOR SevePAL. Disßs-fe.Rs e>ur cesT lp>
      56 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        293 8 MAY 16 Prs CORBEILLE Air-Liqulde 398 1 B S N Gervau Danone 538 "C S F (ThomsonC*f) 384 >6-2 50 +2.6 6.5 Cle rnnciut des Petroles 1 Compafnle nuiKKrt Compafnle General* 3 71 BO Credit Fonder De France 449 *7 Hachette (Llbrairte) ***** -3.1 Machine* Bull 68 *12 Michel
        293 words
      • Article
        Frankfurt
        193 8 MAY 16 Dm Aef-Telefunken 50.10 0.6 Akso 28.50 -0.3 All* Leben 802.00 -3 All* Vera 440.00 unch RASF 138.40 Bay H T Wbank 251 OOB 03 Bay Vbank MI R*y*r 138.00 -0.6 BBC 268.00 -0.5 BMW WMB unch Caaaella 377.00 5 Chem Verw 270.00 2 Commersbank 188J0 Conu Ouxnmi
        193 words
      • Article
        Amsterdam
        148 8 MAY 16 ru ABN 350 SO -03 Ahold MJO 0.7 Akio 30 JO -08 AMEV 100.00 -13 Am fas 117.90 4-0.7 Amrot Bank 1U0 -03 Bertoai Berk Boll 67 50 03 Borjumij Burhmann Byenkorf 71.80 03 Calve Delft Dell Mlj 12X30 -0.6 Ennla 146 00 -03 Fokker 23.60 -03
        148 words
      • Article
        Zurich
        188 8 MAY ia Francs Actions Sutsses 306 unch Alusulsse Br 1330 5 Alusulsse Reg 511 -1 Brown Boverl Br 1030 -10 Ciba Geig) Br 1315 -10 Cite Oeigy PC 1000 10 Cite Oeigy Rcf Credit Suisse Br TO unch 2105 -5 Credit Suisse Reg 421 -1 Elektrowall Br. 10W 10
        188 words
      • Article
        Milan
        104 8 MAY 16 Ure Anif 30 50 05 Assoc Gen ***** •150 BaJlOfl 758 14 Crntr&le 4730 70 Flat 2725 unch F insider 160 25 1 Gen Immob S3 -05 IF! Prl 22m -4 Iulctmentl ***** 605 luig&s 740 -6 Itsislder 380 -1 Magneti M PI 556 -143 Mtrclll Ere
        104 words
      • Article
        Brussels
        94 8 MAY It m PORWARO MARKET Acrc 440 -i Artxd 2510 *3D Attur Bructn 028 002 -2 unch Bru-Lamb 1780 -10 Canpar 766 10 Cock 590 10 De Beers 236 IS Ebes 2156 unch Electfobel 6690 90 Ob-Inno-Bm 2660 •10 OM 1250 -16 Hobok 2666 -10 Petro 4566 •IS Ryl
        94 words
      • Article
        Chrysler
        60 8 CHRYSLER stock holders defeated eight shareholders' proposals at its recent annual meeting. Defeated by votes ranging from 83.85 per cent to 90 94 per cent of votes cast were proposals on meeting dates, charitable contributions, requirements for secret balloting, two nominess for all board vacancies and auditors and three
        60 words
    • Article
      A boost from blue chips and glamours
      1353 8 NEW YORK A LATE rally by glamours and blue chips lifted stock prices in light trading on Wednesday, erasing earlier weakness. However, investors remain concerned about petrol shortages and interest rates and are puzzled by conflicting views on the economic outlook. The Dow
      1,353 words
    • Article
      TORONTO
      212 8 MAY 16 CS AMUhi 17*» A ican 40 Alcorn* 29 -s Bank Mont 22*3 unch Bank Nora Scotia us Bell Tel 22 Beth Corp BP Can Ltd 22 Brascan 21 u Camp Red Lake S'I Can imp Bk 2i Canpac 29 4- Can par inv Pf li'.B unch Car
      212 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      599 8 Where to wine, dine and entertain ss I iSSSSSSmmm^ **SSBS -i. ir 4 WWsS'S i* iih m !jgw The 3 fi "In the Georgian Vftra of the Cocfepit is a splendid Period restaurant the choicest fete in the true British tradition [fjantirlppr where good tasie triurnphsfrom Beef VfeUingfcm Bmerfly Fillet
      599 words
    • Advertisement
      Page 8 Advertisements Column 2
      83 8 Vk Have A Great Thing Going r¥ n F Raja Theatre Restaurant and Nightclub. With lots of attractive hostesses to charm your heart. Come over- our foreign singers will woo you, while you dine the most exotic meal. Nightly floorshows to enfertain you too. We open from 11am 3pm for
      83 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Japanese banks sell CDs
      129 9 Reuter LEADING Japanese city banks sold yen-based three month negotiable certificates of deposit (or the first time at interest rates of 5.1 to 5.2 per cent. Mitsui Bank sold CDs worth 15 billion yen mostly for periods of three to four months. Mitsui declined to disclose
      Reuter  -  129 words
    • Article
      Lock icon Bonn purchases of foreign mark bonds fall
      641 9 Reuter WEST German purchases of Deutschemark foreign bonds fell to 1.9 billion marks in 1978 from 2.6 billion the previous year. Preliminary statistics in the Bundesbank's latest monthly report show that of the total 10.3 billion marks net sales of mark denominated foreign
      Reuter  -  641 words
    • Article, Illustration
      Credit Suisse chief on tour
      82 9 THE ehairmu of Credit Suisse, Dr Oswald Aeppti (above), will visit Singapore next Monday. Ob his first tear of the Swiss balk's Asiaa operations, Dr Aepptt will arrive here (rem Hongkong. He will be accompanied by Mr Walter Fessler, a member of the bash's executive
      82 words
    • Article
      Lock icon Italian credit for China
      72 9 AFP ITALY yesterday granted the Bank of China a US$l billion (552.2 billion) line of credit, to be used at a rate of $250 million a year and carrying interest of 7.5 per cent. The money is being provided by four Italian finance bouses. The Confederation
      AFP  -  72 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        469 9 APART from another day of erratic trading against the yen, the US dollar did not see much movement against major currencies and generally closed stronger on the foreign exchange market yesterday. Against the Japanese currency, the US dollar was quickly brought up to 215.50/60 after opening at 214.90/05.
        469 words
      • Article
        London
        208 9 THE DOLLAR and sterling yesterday opened basically steady on overnight levels against other major currencies in quiet early trading, dealers said. Operators were awaiting mooey supply figures for the UK April hanking month and were unwilling to take new positions. But most dealers said the data should bold no
        208 words
      • Article
        Asian $ rates
        183 9 Asian rates ASIAN currency deposit interbank rates as at close on May 17: U8 DoiUn48pot) Offer BW 7 days 11H HMt 1 months 10H 10H 2 months 10 11/*****/16 3 months 1013/*****1/16 6 months 11 11 9 months 11 10 7 12 months 11 10H 8«in. Das. IMUAa r. ii
        183 words
      • Article
        Discount
        48 9 RANGE of prices offer* d by discount bouses on May 17: Overnight 4H% Call deposits *H% Clssiaf Bnytaf Mlis« 3 month Treasury bills 4H 4V, 3 month Bank bills 7H IVt 3 month CD 7'/« 1% S month CD 7S/18 7 3/16 Source: National Discount Co Ltd
        48 words
      • Article
        MLR
        21 9 THE average rate ai which Singapore banks are currently prepared to lend to their best customers .is 8 per cent.
        21 words
      • Article
        Australia/NZ
        59 9 QUOTES on the Australia and New Zealand exchanges on May 17: AUSTRALIA: US dollar 1.UM/1.M71 Sterling *****1/0.5356 Ninety-day airmail buying rmtca: Sterling 0565 US dollar 1.1500 Ninety-day forward buying ratca: Sterling 054B US dollar LUM NEW ZEALAND: Reaen* Bank nttrat* USJt.04» Trading Bank Indicatioaa: Sterling *****/0 50T0 USdoBar L0M/LMM
        59 words
      • Article
        Gold
        293 9 SINGAPORE gold futures yesterday closed slightly higher compared with Wednesday night's close after fluctuating narrowly in thin trading, dealers said. Turnover fell to 100 lots from 254 overnight with interest mainly centred in June, August and October contracts, they said. June closed slightly firmer at U*****.60/259.10 an ounce against
        293 words
      • Article
        Hongkong
        127 9 THE US dollar yesterday Armed to 214.90/215.06 yen from its 214.55/65 New York close in moderate trading volume with the movement largely reflecting its performance in Tokyo, dealers said. Elsewhere, the dollar ruled little changed from its New York closing levels in slow trading, quoted at 1.9065/65 marks against
        127 words
      • Article
        Tokyo
        171 9 THE US dollar for overnight delivery yesterday closed firmer at 215.10 yen, compared with a 214.70 opening and 214.90 at Wednesday's close. Trading was fairly active with volume USJ79I million. The market was mixed in nervous late trading with the dollar fluctuating between 214.85 and 215.55 yen, after early
        171 words
    • Article
      Lock icon Leutwiler decries Euromarket control proposals
      701 9 Reuter SWISS National Bank president Fritz Leutwiler is sceptical about both the aims and methods of current proposals for controlling the Euromarket. He (eels that it is wrong to think of curbing the Euromarket, which has proved a useful and efficient instrument in the past.
      Reuter  -  701 words
    • Article
      Lock icon Turkey, IMF reach accord
      173 9 Reuter TWO weeks of talks between Turkish officials and the IMF ended in Ankara on Wednesday with a general agreement on the future of the relations between the two sides, the Turkish government announced. A Finance Ministry statement said "a number of questions between Turkey and
      Reuter  -  173 words
    • Article
      Emminger optimistic
      52 9 THE Bundesbank president Otmar Emminger expects that the value of the mark will not fall further against major currencies in the longer term, as inflation differences between West Germany and countries elsewhere become clear. The Bundesbank had significantly reduced the mark's depreciation on the currency markets this year
      52 words
    • Article
      CHEMICAL URGES BANK PARTICIPATION
      423 9 THE chairman of Chemical New York Corporation, Mr Donald Platten, has urged full support from the US Ranking industry for proposals that will permit US banks to participate more fully in the Eurodollar market through international hanking facilities (IBFs). In remarks to stockholders at Chemical New
      423 words
    • Article
      Lock icon Indonesia raises 500m mark loan
      598 9 Reuter DEUTSCHE Bank AG said that Indonesia has raised a 500 million Deutschemark credit in connection with financing an extension to the P.T.Krakatau Steel Complex. The credit, raised together with the AKA AusFuhrkredit Gese Use haft Mbh, is to finance an order won by Gutehoffnun
      Reuter  -  598 words
    • Article
      IS MIGHTY
      266 9 Citibank about to take a leaf from the locd banking book? Those who read its helpwi nted advertisements would have noted that the b? nk is trying to recruit bankers with experience. Could this be the result of the steady haemorrage of Citibankers to other local banks, or
      266 words
    • Article
      Lock icon TAIWAN RAISES LENDING RATES
      239 9 Reuter BANKS IN Taiwan raised their lending rates by up to 3 per cent, with increases of up to 2 per cent in deposit rates, the Central Bank said. The rate on ordinary export loans has been raised to 9.5 from 6.5 per cent, while rates
      Reuter  -  239 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      211 9 We have a history of making our depositors' savings grow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their
      211 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1504 10 BID and offer prices officially fisted and business In and (ported to the Stock Exchange of Singapore yesterday with the number of shares traded shown lh brackets In lots of 1,000 units Inless otherwise specified. All Time Settlement Contracts •re quoted after the word "sett". Big Board deal
      1,504 words
    • Article
      Government bonds
      149 10 4 1/2% 1/8/80 (*****0) (99.358 *****) 4 3/4% 18/9/80 (*****0) (99.508 99.708) 5 3/4% 1/6/78-80 (250,000) (100.758 100.908) ft 1/2% 1/ft/79-81 (250.000) (*****8 *****8) ft 1/4% 1/3/81 (*****0) (100.068 *****8) ft% 1 ft/4/81 (*****0) (***** *****) ft% T r 1/ft/83 (*****0) (100.108 *****8) 7% 1 ft/4/86 (*****0) (*****8
      149 words
    • Article
      Stock options
      88 10 Striking prices of the options officially listed on the Stock Exchange at Singapore yesterday, the period, bids and offered prices and business done, if any, with the number of options traded shown in bracketa. C C (June $2.60) (0.458 0.535). ■aw Par (June $140) (0.218 0.265). Hum P
      88 words
  • Article
    SHARE INFORMATION SERVICE
    2686 10 1979 High Low Conpaay Last Sale orGr. Div Div Cvr Gr's Y"ld Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 190* 123* Alcom 142 110 Allied Choc 180 150 B A T 265 200 BaU 74W 60 Ben 213 185* Berjaya
    2,686 words
  • Article
    In Kuala Lumpur
    1681 10 BID and offer prices officially listed and hniinea in and reported to the Kuala Lumpur Stock Exchange yeaterday with the number of sham traded shown in brackets in lots oi 1,000 units unless otherwise specified INDUSTRIALS Acma (2.578 2 80S) cd iljsiasls (2 SOB) sail AkaM(145B)(l) 1.85
    1,681 words
  • Article, Illustration
    Trading quiet and orderly on exchange
    649 10 ANOTHER ttteapt at rally preved Mile fer wait sf felkw-threagh bayiag sappert m the Stock Exchuge sf Stogapare yesterday. Tinaver «m mederate aad etui heavily mwtoM la a Mere er m ceaaten. industrials apeaed m a Ann aete hat the tide el bayiag activity
    649 words
  • Article
    KLSE mixed to slightly easier
    453 10 PRICES closed mixed to slightly easier on the Kuala Lumpur stock market yesterday in fairly active trading. Opening levels were quite well-maintained after the previous day's steadier close, but with buying interest slackening prices continued to lose ground. Some gains were reported by a number
    453 words
  • Article
    Unit trusts
    154 10 HIWitntTHl CMiaagliii' prtrri **'1 The Commerce 117 The Saving Fund 139 S'pore Prog Fund 1.01 S'pore Sec. Fund 1.87 S'pore Invest Fund 1.35 S'pore Equity Fund 1.00 8T 1 M) 2.3Q*d 1.47 1.07 l.» 143 1.06 INCOME BOND UNIT (Carnal prteas) Income Bond 1.10 1.16 MARA BUMIPUIRA FUND
    154 words
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  • COMPANY NEWS
    • Article, Illustration
      Further setback at Cold Storage
      539 11  -  By DAVID CHOW COLD Storage Holdings appears to have been bogged down by a number of (actors during the year just past. Its latest preliminary results show that group earnings have slumped even further below the static profit level of the preceding four years. For
      539 words
    • Article
      And now Sime sportswear
      364 11  -  By QUEK PECK LIM THE FAMILIAR Sime Darby logo now seen on vans, ships and a wide variety of commodities may soon be fixed on sportswear following the giant trading and plantation group's move into the Held of sports A new department set up within the
      364 words
    • Article
      OIL PALM OUTPUT MARCH
      64 11 ITB WW OIL w— KERNEL BeaU IW «,44» TW lvn 258 CartkOeM WIM 41M CinMiti Mi PSaat «4>e ijit 1,783 Dultp Est ym 72* Kcmpaa 1,117 m K SflMgtf 1W.M 21.81 GMN H*| 3,233.(2 Ml .34 Lm4M Aa MtiC 3,T73J3 nun PaUttag 2,3».43 531.74 KTPaa UJI
      64 words
    • Article
      TIN PRODUCTION
      110 11 C«mpuy Mweh (pieak) Aekam Ha Mil Antral <nlpmitrt 1,578 Ayer HlUun 3413 Berjutal 5411 GapeagCew 2,582 BMg Eeag Tta 1491 Idrto Hyirmalie Ml k*muntin* Ml Klfflagfcall 524 Klata KetlM W K Kafar 298 LPwafc 217 Mai Ha 4,7*4 Pahaag Ceaa 2411 PeagkaJea 219 P full** 2489 Bah— HydraaHc
      110 words
    • Article
      COMPANY MEETINGS
      186 11 Pu Mahyu IliUlagi Ltd: AGM to be held at the Board Room of Tat Lee CO., 6th Floor, Tat Lee Building, 63, Market Street, Singapore at 10.00am, today. Uatted Meter Warts (M) HMgs BM: AGM to be held at Jalan Utas, Batu Tiga Industrial Estate, Shah Alam, Selangor
      186 words
    • Article, Illustration
      Lock icon Aggressiveness an asset
      464 11 sso®CL» by HOCK LOCK SIEW THE STRONGEST asset tkat the •IHMrt lean it Celd Stance huptii Its tUKy to mwh the gnap*s Mtoierakle imk. Ito AeUllee' keel seems to Ito la Its wflttagaen te keep gnwtk la tke 11 utwr. Tke Ml resalt most ke tkat tkto
      by HOCK LOCK SIEW  -  464 words
    • Article
      Central Securities wins appeal
      322 11 CENTRAL Seearittos (HtMlags) BM announced yesterday that it has won its appeal against the summary judgment by the Malaysian High Court in connection with a legal dispute with Johore businessman Haji Haron bin Mohamed Zaid. The appeal has been allowed with costs and also unconditional leave
      322 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      254 11 @=".?=_*^(`=%-,?&"&};",~>'`]-|_ SEE PAGE 2 FOR DIVIDEND TABLE w »u» vvv t "Investment Opportunities in Malaysia." Date: 12th- 13th June Venue: Mandarin Hotel, Singapore Speakers: The Honourable Dato' Seri Dr. Mahathir, Deputy Prime Minister, and Minister of Trade and Industry, on "Economic Development in Malaysia and Policy towards Foreign Investment". Dato*
      254 words
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  • Article
    Singapore exports 30pc more to neighbours
    354 12 SINGAPORE'S experts to its closer aeighbears grew by mere thu 31 per ceat daring the drat twe meaiks sf this year against the frresp—ding meaths last year. Seath east Asia aad Nerth-east Asia were majer grewth markets fer Singapore's experts. The mala markets were
    354 words
  • Article, Illustration
    Lock icon Relentless face of war
    51 12 A Tanzanian Midler moving past the body-strewn wreckage of a Ugandan army vehicle en Tuesday as l,Hf Tanzanian and Uganda Provisional government soldiers capture the city of Lira, about 25t km north of Kampala, from forces loyal to the depssed President Idi Amin. AP photo. AP
    AP photo  -  51 words
  • Article
    Lock icon Japan asks for another US carrier
    322 12 Reuter JAPAN will ask the United States to deploy another nuclear-powered aircraft carrier in the Pacific in the early 1960s to cope with the growing Russian military presence in the region. The Japanese daily newspaper Yomiuri Shimbun quoted Japan Defence Agency sources yesterday as
    Reuter  -  322 words
  • Article
    Lock icon M.A.S. TO BE REVAMPED
    358 12 AFP THE MALAYSIAN government has appointed an international team of professionals to make recommendations on the reorganisation of the Malaysian Airline System (MAS). Transport Minister Tan Sri V Manickavasagam said yesterday names of the members of the team would be announced soon. He said the professionals
    AFP  -  358 words
  • Article
    Lock icon Opec likely to raise its price in June
    684 12 NYT TWO MEMBERS of the Organisation of Petroleum Exporting Countries boosted crude oil prices on Wednesday, and there were reports two others would soon do the same. The increases follow several in recent weeks by other Opec countries increases analysts say will
    NYT  -  684 words
  • Article
    Lock icon Air-fares taking off?
    275 12 AFP PROSPECTS of regional airlines raising fares because of dearer fuel sharpened yesterday as a special committee of the Orient Airlines Association (OAA) met in Hongkong. As a result of the recent oil price increases, the airlines are facing an increase of at least 6 per cent
    AFP  -  275 words
  • Article
    Lock icon ECONOMY COOLING
    67 12 UPI THE PERSONAL income of Americans rose during April at the slowest pace in more than two years, the US government reported today in another piece of evidence that the economy is cooling. The Commerce Department reported income rose by US$6 billion (Ssl3 billion) or 0.3 per cent
    UPI  -  67 words
  • Article
    Gold
    28 12 GOLD touched a new peak of U*****.75 (5J569.25) per ounce on the London market early yesterday afternoon. This was $2,375 up on Wedesday's closing price of $256,375.
    28 words
  • Article
    LONDON STOCKS
    859 12 LONDON, Thurs. Equity prices closed quietly easier today after yesterday's rally, dealers said, and at 3 p.m. the Financial Times index was down 6.4 points at 529.8. Short-dated government bonds edged 1/16 point higher following the UK money supply data while longer loans were little changed. Leading shares
    859 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      26 12 Congra tula tions and Best Wishes to JVC SINGAPORE on the occasion of the opening of their Liaison Office from PANWELL PRIVATE LIMITED TOLARAM PRIVATE LIMITED
      26 words
    • Advertisement
      Page 12 Advertisements Column 2
      337 12 SPECIAL GUIDE TO FITNESS Why Fitness Nervous tension is an alarming condition for both men and women External noise and internal tension lead to restless nights or poor sleep. The body repair systems, normally so active in sleep are unable to function effectively. Exhaustion, lack of energy, apathy, short temper,
      337 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      158 12 Outlook for Singapore from 6 a.m. to 1 p.m. today Mainly fair. Report for 24 kwri prtor to 7JI p.m. m May 17 At the airport. Maximum temperature 32.4 Associated humidity 65 Minimum temperature 24.2 Associated humidity 96 Hours of sunshine 5.95 Rainfall in millimetres Nil Total rainfall for the
      158 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon FCRIM leaves for China
        119 13 AFP A DELEGATION from the Freight Committee of the Rubber Industry of Malaysia (FCRIM) will leave feu* China tomorrow for further discussions on the use of its national shipping line to ship rubber to other parts of the world. A -shipping agreement for this purpose will
        AFP  -  119 words
      • Article
        Lock icon Shipbuilding workers
        80 13 AFP A TOTAL of 16,343 workers or 9.3 per cent of the total employed at the Japan's recession-hit major shipbuilders left their jobs between late 1978 and May this year, it was revealed in Tokyo on Wednesday. In the 26 medium-scale shipbuilders, 11.8 per cent or 27,200 workers
        AFP  -  80 words
      • Article
        Lock icon Fire under control
        74 13 Reuter ARGENTINE coast guards on Wednesday almost extinguished a fire aboard the Liberian-registered freighter Stolt Capricorn, which caught fire on Monday night in the River Plate Estuary. All 34 crew of the 12,329-ton ship were rescued. The fire, which started in the engine room, spread to all
        Reuter  -  74 words
    • Article
      Lock icon Rising oil costs may sink QE2
      687 13 SOARING WAGES Agencies THE Queen Elizabeth 2, the last of Britain's great fleet of luxury ocean liners, is economically on the rocks and may founder in a surging sea of oil costs. The Cunard Line's QE2, whose ancestors were the Queen Mary and Queen
      Agencies  -  687 words
    • Article, Illustration
      Welcome home, Logos
      266 13 THE educational book exhibition ■hip, M.V. Leges has re timed to Singapore, her heme pert after aa absence if mere than a year. Presently berthed at PSA Gedewa 22, the 2,319 grt ship was last la Singapore la April 1118. Since thea it has visited the Philippines,
      266 words
    • Article
      Lock icon London freight market
      142 13 UPI RISING US Gulf-Japan grain rates for June tonnage once again provided the market highlight when a June 20-30 loading KKK vessel obtained U5525.50 (5J56.10) (FIO) for a 30,000-ton movement. That rate was 40 cents up on similar business last weekend and $7.85 above figures ruling a
      UPI  -  142 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      1969 17 SHIPPING LIST where your ships are due and when 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
      1,969 words
    • Article
      INDEX
      530 17 Shlpptag Llae ACS Afea Alfred Alpac Angkutan ANL APL Arya Nat ASCL Atlas Aust.Cont n IV V IV IV I m n m V TV C«1 5 3 2 5 4 1 2 5 5 2 5 Bank Banner Batam RRK Ben Asia Ben EAC Ben Ben Ocean Bienley
      530 words
    • Article
      Container Schedules
      972 18 r RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL KB. (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/Agent and Is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the
      972 words
    • Article, Illustration
      UK builds more ships for maritime defence
      562 18 UK'S Minister of Defence has been handing out many orders in the past few weeks to UK shipyards, totalling four new vessels as well as tenders for four more. Leading the pack were orders for two Sheffield Class Type 42 destroyers, the thirteenth
      562 words
    • Article
      Stress on ship quality
      387 18  -  BY GOH ENG KEE GREATER emphasis is now being placed on improving the quality of ships on Singapore's open registry, said Mr. Ong Teng Cheong, Minister for Communications last night. Speaking at the inaugural dinner and dance of the Singapore Nautical Institute, Mr. Ong said there
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    • Article, Illustration
      SHIPS IN PORT
      442 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Baltic Freezer (after Riederestein) 13/14 Banowati (YCMC) (1300 after Temburong shifts must starboard to) 27/28 Bunker Friendship (B.Barge) (after Ocen Progress) 40/41 Centaur (passenger) (1300) 44 Ocean Progress (B.Barge) (0700 after Eastern) 40/41 Perak (0600) 21 West Roachbank (after Bunga Raya) 33/34
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    • Article
      Lock icon Trade and advances in cargo transport
      324 18 AFP FOREIGN trade, "must maintain and improve its efficiency to face the challenge of rapidly-developing seaborne transport," Transport Minister Mr Joel Le Theule said in Deauville on Monday. Mr Le Theule, who was opening the 11th World Conference of the International Association of Ports
      AFP  -  324 words
    • Article
      SAMSUNG WINS US$11M AUSTRALIAN CONTRACT
      263 18 KOREA'S Samsung Shipbuilding Co Ltd has won a US$ll million contract (or the construction of two anchor/handling supply vessels for Australia's Bulkships Container Pty. Ltd., part of the Thomas Nationwide Transport Group, with an option on two more which must be declared by Oct 17.
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      Page 13 Advertisements Column 1
      461 13 Qi st class transport Agents: Nedlloyd EAC For further details, please refer to page 3 [ScanDutchy] m \K I) I\ I \\l \f I Orient Overseas Co*iicinesi Line ORI QKF 14V I SIS MCI a* CHM CQNTANB IN Kfiwcaui m mnmnmism 9/6 5/6 WC 8/6 11/6 15/6 11/6 12/6 14/6
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      Page 13 Advertisements Column 2
      271 13 SEALORD UJ ANTAH H UASC 11 All vessels ***** DWT, 105 TON H.L. Derrick I I 288 TEU Capacity. Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE! 1 J Vessell Spore Loading for Dubai (27/5). Dammam (30/5). Kuwait (3/6) Damnum (30/5), Kuwait (3/6), Dub* (8/6) Dubai (5/6), Kuwait (10/6), (Mia (13/6).
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      Page 13 Advertisements Column 3
      214 13 k NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES FAR-EAST/EUROPE FULLY CONT/UNERI SERVICE mtn w4m tfbwi Brea 5Mi Clm IJm »km 11 Jm 12 Jm 14 Ka 15 Jm 17 Jm II Mi 20 iM 21 JM 2CJa 27 1M 29 1m 30 IM 2Mr 3Mr iMr (Mr 9Mr 10 Mr
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      Page 13 Advertisements Column 4
      515 13 NedUoyd Lines Call us We call the world Agents: Nedlloyd EAC Please refer to page 3 MAERSK LINE a E2 ■n 3A 1 C nt "T ARID MAERSK* ANDERS MAERSK ALBERT MAERSK ADMAN MAERSK Qoai TMes *CY 20 Itay 0700 Ms CfS 19 May 1900 hrs FM £as» Asu (Hoof*oo|
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      Page 14 Advertisements Column 1
      599 14 FULLY CONTAMERISED TO EUROPE Tdqwtof Cankpn Bay OKU COMDmOML 10 EHOK kMk Sated 22/5 19/5 9/6 23/6 21/6 18/6 16/6 Stpfei* Umr 8/6 10/6 12/6 30/6 16/7 14/7 11/7 9/7 FULLY COMTAROBED TO SNM/TRESTE fpn P Irian Sot* Tridte Mw»ci 19/9 21/9 7/6 13/6 Nmm Ejprta 2/6 29/6 I 1/6
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      Page 14 Advertisements Column 2
      405 14 Mm 2,27 "T 31 my a m 4 M 2 fc, 1 Km| ami is fcc c ta| 11 A* 21 tail fa»3 *22 toll* S«l NX S*»l4 s*n Tet CMNM/IM Padfc Ceatt tr"' H." .1 IfcjflfllOMl H3l (UC) 24-22/5 SA s-ia/s 23-25/5 r- Franc CANADA USA Padfc Coast pa
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      Page 14 Advertisements Column 3
      490 14 0 EVERGREEN LINE FAR [AST FUROPf FXPRFSS FULI CONIAINFR SERVICt ACCEPTMG CARGO FOR HAMBURG. FELIXSTOWE. ROTTERDAM, ANTWERP. LE HAVRE ALSO ACCEPTMG CARGO FOR UNHID KWGOOM SOUTHAMPTON. LONDON. MANCHESTER. BMMMGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BKMERUAVEN HOLLAND AMSTTRDAM S>». Ml Bin Fafcstom htwmp U Hnrt l*m Hupr 30 May 29
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      Page 14 Advertisements Column 4
      686 14 1 Everett Lines! 1^ Burma Fivi Star Skipping Corpn. "BURMESE NATIONAL LINE" 10MNNC f<* RANGOON M a "CHILEAN NATIONAL LINE" FM EAST/CHILE, PERU MO BOLIVIA SERVICE DMECT SERVICE lOAOMC FOR CAELAO ARICA KXNQUC ANTOfAGASTA VALPARAISO ANO ALSO lALCAHUANO ANO PUNT A ARENAS WITH TRANSHPMENT AT VALPARAISO FELLA ANSI MARU Span
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      Page 14 Advertisements Column 5
      589 14 r^osT OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHFNTON WAY MISTRI ROAD SINfjAPORF 2 TF L *****44 7 *****70 131 SANKYO LINE AUSTRALIA SERVICE IMT CARPMAT FRM TUEWO.. f. Ketang SMgapare Loadbig fir hhrt SaM STD SaOad 20/22 FHM. MEL, MEL 30/31 May 21/29 May
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      Page 15 Advertisements Column 1
      706 15 Overseas 111 I Containers Limited Weekly service to/from UK/Europe To UK/Continent II Iter MMatbsrm 24 May From UK/Continent jn*t rtm SI.I UMnra tu 21 MM 17 M MM Mta W)i 17 M MM 21 km aim Ohm Him 17 M 2i? 2*" (»mj It la I*■ MM2( km 27 km
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      Page 15 Advertisements Column 2
      694 15 \yGRANARD LINE AELIABU 4 OQENMBU NON-CONFERENCE EXPRESS SERVICE ■IST MMD-fM EAST/tEDtTERRANEAN 9wm u»M|iar BV.WWVJSB 22My Mdali/P Sari/ Weiandria Barvt/lattakia HI. MM MS V-228 12 la IS J. ZZffTl!j moma BV. MM FWK 12VK «i wsas tcariK conk Mtt/r Sate P. Sad Mcxandru/Borut/ Uttakia/lmmol/hraMß/ Bwfhn/Tnfgt/lstanM Mtak/P. M/Mu*a/ tarnt/lattakia/hraauv Tnpofc/Bwfhafi BV. MM
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      Page 15 Advertisements Column 3
      816 15 ryy Hwbwt E«J*e» Bremen Eipres Mm Bay Honckwn t«press taMtara km TMyoßay <*<**> Bay fa* jo tipress Elbe Ham BEN LINE CONTAINERS EXPRESS CONTMO SERVICE TO/FROM EUROPE fMK rHMCM RMH Sport P UM| WGarMay/Aastna Mw, Fr Mm 19/5 Pl/S 12/S u/8 15/9 17/4 i B Etms* 30/5 2 30/5 21
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      Page 15 Advertisements Column 4
      307 15 Scan Dutch V iSM H/S un 2' W. M was 2S 2S S3 "J" M M M W tS 1) AL.IZCM-M o*. MM 7] r m HIK MM J) |MMB 1) MM* TlirKirtu o*. hM 2) -~r i MM J) Nm 4) Mm* Inn O Bm^Sm^iSKmr MI a MMk 11
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      Page 15 Advertisements Column 5
      357 15 THE BANK LINE LTD. LOADS FOR E. I S. AFRICA Mtpnca Durban. Cttn»n. Pt. E Ltfn) Sppre 3/6 Jvn P 7/10 Jw FROM EAST t SOUTH AFRICA PMM P. fOR BANGKOK. MANIA Sport Mi MNCTI VICES (*dt S Ma*) lESU LTKES On*/**).... LVKES ORIENT LINE U S. GULF COAST SERVICE
      357 words
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      879 16 W K line KAWASAKI KISEN KAISHA. LTD. TO EUROPE 0 CHKF 11* SS BRCGE 21* C CONTNNER;IW H CORAI 13* C PAUL 16* S pw« P L.Hawre 20 May 19 S Jw> niter 2«ih) iiiwi 31 Mm I'M 17IN BJM 10 hn 26 JM IS Jm 17 A* 2My H
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      Page 16 Advertisements Column 2
      576 16 1.5.A./EAST CANADA SERVICE ICCEPTBB FCIACI COKTMBB FROM PENMC. P. BELMS. STORE lH*« tar K« TOM. NOtfOU E.C./CREAT LAKES SERVICE LONMB FOB: RER TOM, OFOU. MONTKAL. TORCKTO imiwr vmm ti/nm w**i ■—iwnr 2b/2imm u/iimm is/pmm CALFOtMA/PACFIC NORTH WEST SERVICE lM*« tar. LIB Win. SM FUMCSCO. SEATTU, TICOML MRCOWEX. IX. Phh P.
      576 words
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      Page 16 Advertisements Column 3
      353 16 VA Mi Tfc if (>r<ni|) SINGAPORE SHIPPING AGENCIES PTE LTD .'0 T M FLQU« OLtAN HUIIO'NG SINGAPORE >{TiNG v.- .3 LiNtSi GfNf°Ai 9'l'" I<4 l iNt Si "S <4S9*> MS SSbB A B C ARSM.F C AHI I CARGOSMIP I SINGAPORE ISI.ASDS USE ■UUI- JO IUUI)»».»IIUU.k MMDI.t HAST Rttil'LAß USER
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      808 16 mm MALAYSIAN iNTfPNATIOKAI SHIPPING CORPORATION BEPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WEST BOWh FaaMr *TUm| Vessel Spore 1) HsMtas 2) Mam 3) HMr| 4) Gtarf FRAMCtSCA 19/5 MKM 22/5 b/6 10/6 12/6 U/C ELEAMMA 26/b WD HMA 29/b 13/ C 19/6 21/6 24/6 FRMCtSCA 2/6 NED HOOM b/6 22/6
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      Page 16 Advertisements Column 5
      449 16 INTRASEA (PTE) LTD Faber House 234E Orchard Road Singapore 9 Telephone *****1 V *****57 Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P. KeUng Laadtag tar FORTWO ¥.13 25 Mqr 22 May Sydney/Melbourne/ AMaMe HIMXI (fit) LIS 23U611'— MB ALPAC LINE SOUTH AFRICA SERVICE S pore Y Kelang Penang Loadng tar PARAGON ¥.34
      449 words
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      357 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AM) WRECT (JO SERVICE TO EGYPT (PORT SAO ALEXANDRIA) STOK MTM Sin tm n rT KQ CMtso nuts comncT soera i n sac na M 9 te 14 M 25 Mr 4 Mil M 23 W TO. *****11 ftOMESYPT PYRAMDS U MO APS
      357 words
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      Page 17 Advertisements Column 2
      192 17 ALFRED C. TOEPFER LINE fa REGULAR SERVICE TO MEDfTDKANEAN <*£&> PORTS Of ITALY, ST AM. FRANCE TIBER SERVICE BASEL 2IMa K CAw tAm SAn, inTSRmODfil TRfIPIiPORT ANHSING OVERSEAS LINE REGULAR SOC-CONTAVCR/LVCR SERWCE S'pn P. Kdu| P«on| laadtaf tar. *VNON BANGKOK. 5/7 km 3/5 hat 25/27 Jm ACCEPTING CONTAINERS STRONGWILL ENTERPRISE
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      Page 17 Advertisements Column 3
      243 17 ARMADA SHIPPING APS LOWRK FOR NORFOU/PHSCASOUU SINGAPORE PORT KELANG PENANG "SEA TO" 22/24 MAY 25/2S MAY 27/21 HAY GDOAL AGENTS: EVERETT STEAMSHP CORPORATION S/A ■Wt«h Part faM* Afantt X«MdlSkMl 1 Sac** Ca MM to 3S/113 O C TM Kttl/) I* *7721/1 Id. *****/1 J WEST BOUND LOAONG FOR MUSCAT OUBAI
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      304 17 LIAN SOCN SHIPPING TRADING CO (PTE* LTD «.oo» auuO'*c t *otiaso« -o*c s *G*»9«l rri ttooi:: ,5 1 ws* :»iif iia«*i«d n» rro bboksm soma HI -SUMIMTME- »S-7» 21 S-7» MtMTA n> oevr mti i»-s-7i n-s-7i utmii—n II oorwus 22 V7l 2S-S-71 MLKMPM. SMMMB*. WWCMMHE EAST MMATSM JEKMCt r n«
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      Page 17 Advertisements Column 5
      247 17 NOTICE DAIICHI CHL'O RISEN DAISHA, TOKYO M.V. "PAKALONG MERANTI" FROM KOBE/HONG KONG ARRIVED ON 12TH MAY 1970 AT P.S.A. GO DOWN NO. 81/32 General Survey on damaged I cargo discharged ex the above vessel will be held on 22nd May. 1979 as from 9.00 a.m. to 1.00 p.m. No further
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      32 18 NOTICE LANDMC SHV (2,300 CROSS TONS) SAUK EARLY JUNE TO IS. WEST COAST AND mums OR TAIWAN. NEED CARCO WRI REDUCE RATE. CONTACT JOE CONNOLLY ROOM 301 AMBASSADOR HOTEL SINGAPORE PHONE: *****11
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      77 18 Now calling on fixed days every week. Now Scan Dutchccontainerr r ships sail every week from each port of call on the route between Europe and the Far East. Arrival and departure on fixed days. In Singapore, loading every Tuesday discharging every Wednesday with weekly feeder services to/ from Port
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