The Business Times, 21 May 1979

Total Pages: 18
1 18 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. IM/1/79 MONDAY, MAT 21,1*71 50 CENTS
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  • BRIEFLY...
    • 81 1 UPI BAN LAEM, Thailand, Sun. Thai officials ordered a renewed military alert along the Kampuchean border as armed Khmer Rouge and their supporters fled a Vietnamese-led offensive near the frontier today. Members of the Pol Pot army and civilian Khmer Rouge supporters set up makeshift camps just inside
      UPI  -  81 words
    • 56 1 Reuter KUWAIT, Sun. Kuwait today increased the price of its crude oil by 60 cents to U5516.40 a barrel backdated to May 15, it was officially announced here. The 60-cent increase is in the premium charged above the Opec official price for crude oil, bringing the total
      Reuter  -  56 words
    • 56 1 AP COPENHAGEN, Sun. The Danish chairman of the Paris-based International Energy Agency says the energy crisis now being felt worldwide is worse than that in 1943. Chairman Niels Ersboell, in a newspaper interview published today, also said European Common Market countries would hold a summit meeting on
      AP  -  56 words
    • 73 1 KUWAIT, Sun. Kuwait has decided to close its air space and airports to Egyptian commercial flights to and from Israel to penalise Egypt for signing a separate peace treaty with Israel, the Kuwaiti newspaper A 1 Anbaa reported today. The air transit ban also covers Egyptair flights to
      73 words
    • 75 1 AFP MANILA, Sun. Philippine military authorities today announced they have smashed the backbone of the communist subversive movement on Negros island, central Philippines, with the capture of a high-ranking leader and nine followers. A military report carried by the official Philippines News Agency said the arrests came in
      AFP  -  75 words
    • 66 1 AP HONGKONG, Sun.— The Hongkong Government has approved a unique HK$3OO million (Ssl3o million) project to develop a luxury marinaresidential complex similar to the world renowned Port Oimaud in southern France, a spokesman reported today. The complex will be built in the New Territories bordering China. The project,
      AP  -  66 words
    • 51 1 Reuter MANILA, Sun. Shipping experts are gathering here today to discuss restructuring the ownership of most of the world's shipping fleet. The talks, began on Tuesday, may break solidarity among developing countries. Third World countries which are becoming important maritime centres might possibly side with rich nation viewpoints.
      Reuter  -  51 words
    • 52 1 AFP Colombo, Sun The ruling United National Party (UNP) of President Jayewardene last night won a landslide victory in the elections. The UNP which fielded candidates for all the local authorities went to the polls, and captured power in all 37 local bodies outside the northern and eastern
      AFP  -  52 words
    • 47 1 AFP Tokyo, Sun The Japanese import prices in April soared 6.2 per cent from the previous month the heaviest rise since early 1974, which followed the 1973 oil crises. The rate of increase is equivalent to 106.8 per cent at an annual rate. AFP
      AFP  -  47 words
    • 40 1 AP KUALA LUMPUR, Sun Austrian businessmen will go ahead with plans for greater commercial and economic involvement in Malaysia, Thailand and other South-east Asian countries despite the recent developments in Indochina, Austrian Ambassador Robert Marschik said today AP
      AP  -  40 words
  • 94 1 THE Mtowtag m tt iteeka gives the It met Medea tteStwA gl niLL e —i theMgkaldLr'fer ITf I,^nf prtuiJ PWi y 0-* 55 r Prtaaa Map IS a? Law Sto* Dyby Hokfcci ua S.B tm U6 Uaitcd Ovenaaa Land m l.«l wr LB Conaotidated Plaautfc TgaauDev United
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  • 153 1 SINGAPORE May If May M May n May M nBTIadi w: 2173.32 an a *****0 222LM *Induatrii ik: mUi 3MJB m.« MM MU9 t^FTaanc* MM M7.M m.a MJI 7KJ9 m 285J5 Mn 2B.75 MT.fi •Properti m: MUt M0J9 230.7* 290.M tstm flta: m?4 MX MM MM MI
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  • 513 1  -  GROUP FARES TO BE HALVED By WANG LOOK KEAH ASEAN countries should develop themselves as end destinations instead of remaining as only stopover destinations to take full advantage of the new Australia-Asean cheap fares to be implemented. When the new fares are implemented, Australian travellers
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  • 130 1 TOURISTS come to Singapore for the same reason that mountaineers Himh Mount Everest. This, Dr Goh Keng Swee, Deputy Prime Minister and Minister for IMurmlinn, was his concMston on why tourists gravitate to the Republic. Spew king at the fifteenth anniversary celebration of the Singapore Tourist Promotion Board
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  • 107 1 Reuter AUSTRALIA'S overseas air fares and freight rates will increase by 5 and 7 per cent from June 5 because of a rise in the price of aviation fuel. Transport Minister Peter Nixoa said yesterday that fares and freight rates to Britain, Europe, West Asia, India
    Reuter  -  107 words
  • 659 1  -  By QUEK PECK LIM Financial Corraapondant THE MINISTRY of Finance and the Monetary Authority of Singapore (MAS) are reviewing the operations of investments funds and this «h«iM result in a more comprehensive government policy on the subject. The most pressing problem of investment fund
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  • 234 1 BINGAPOKE'B fatal external trade far the first (aarter ef the year reached a new Ugh at fU.4 MM—, a taster rate at advance than any earnpara Me paito In the last three years. The fstare may hewever find the trade deficit
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  • 493 1 A DECISION on whether a second hedging grade should be introduced on the Malaysian Rubber Exchange will not be taken for at least another seven months. The exchange's chairman, Haji Abu Bakar Pawanchee, said the matter may not be considered until next
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  • Page 1 Advertisements

  • 892 2 Reuter AMBITIOUS plans to build the biggest nuclear energy complex in the world near a tiny West German village have been shelved. The decision is the biggest victory yet for West Germany's confident antinuclear lobby. For almost three years the state government of
    Reuter  -  892 words
  • 1739 2  -  In fission, heavy atoms of uranium 235 are split into halves. But in a fusion reactor, the nuclei of deuterium and tritium, would be fused into helium. The residual mass is converted into a great deal of energy, either as radiation or
    NYT  -  1,739 words
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  • 1079 3  -  The West will face a major security problem in the 1980s: how to help stabilise political conditions in developing countries whose products are crucial to industrialised nations. DONALD McNICOLL examines an international institute's report on the dangers and lessons of the kind of revolution that
    AP picture.  -  1,079 words
  • 1116 3  -  By JANE BRODY NYT RECENT investigations into the dietary habits of prehistoric peoples and their primate predecessors suggest that heavy meat-eating by modern affluent societies may be exceeding the biological capacities evolution built into the human body. The result may be a
    NYT  -  1,116 words
  • Page 3 Advertisements
    • 219 3 77-, nun umumtja jQIQt II DAILY 9AM-BPM fijfellftswf® ANNUAL SALE rss Mi mm i i«miw Onettdwltorewsiy >100 Ist Prize 3nlPlfai Surprise Gift Worth $3000+ 1 Tamana Component System 2nd Prize 4Hi Prize IGraetz Colour-TV ISansui Receiver food processor, rice cooker, ladies watcK, ovon, CQSAVeUCS, KliCnsn S6(f 86ff tw i vIdOIB
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  • RAW MATERIALS
    • 1132 4 COFFEE: Robusta futures on Friday afternoon recouped most of the morning's earlier losses in volatile afternoon trading to end a combined special and closing call firm, £7 down in July to £11 per tonne up in January from Thursday. Turnover was 9,815 lots including 12 options which dealers
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    • 159 4 TERMINAL rubber in London on Friday closed around session lows with losses from Thursday of one to 0.40 pence per kilo. Turnover totalled 175 lots of 15 tonnes including 13 kerbs and four options, plus 11 lots of five tonnes. Traders said afternoon business entailed some weekend squaring of
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    • 590 4 AN EASIER Mas set la sa the Singapore pradaee market last week. Tradlag thr*agh«at the pertod was light sad mainly su coasnmer aid cavering acconats. Fsr m«st commodities, Interest frsm the big buyers in the West was scarce. New Yerk aad the Earspeaa parts
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    • 170 4 CHINESE Produce Exchange. Singapore, noon dosing prices per picui on Saturday Cm—l Ml: Bulk Sl3O sellers, old drum *135 sellers, new drum Sl4O sellers Capea: Mixed (loose) UK Cont 182 00 buyers. Pepper: Muntok ACTA white fob 100"r NLW $325 00 sellers, Sarawak white fob SC. NLW (310
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    • 66 4 CHICAGO soybean futures extended early losses to close 3V4 to B'/« US cents a bushel lower on Friday Traders said a professional and a commission house were late sellers of November and July, followed by locals. Smaller-than-expec ted export commitments were a negative influence on prices, they said. Commission
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    • 55 4 WHEAT in Chicago on Friday lost early gains to close 4'<t to 1V« US cents a bushel lower. Traders said late hedging preceded liquidation by locals, which in turn touched off commission-house sell-stop 6. Early light commercial and professional buying faded when exporters began hedging and a professional sold
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    • 1295 4 AFP GOLD fever took hold of the London commodity markets last week as the bullion price soared to record levels, accompanied by similar peaks for silver and platinum. The sharp upward impetus in precious metals spilled over to the base-metal section, where lead and
      AFP  -  1,295 words
    • MONEY AND EXCHANGE$
      • 222 4 Asian rates THE MARKET softened last week, attributed to reports of a slowing down tin the US economy. Fixed dates slackened per cent in moderate trading with some rollover seen in the Ones and Threes. US money supply M-l and M-2 were up US$9OO million and |1.8 billion, respectively. ASIAN
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      • 74 4 Source: Astley Pearce GENERALLY, the domestic money market last week was rather easy with the overnight rate closing at SV« to 5' j per cent on Friday. However, the interest rates for the shorter periods firmed initially but eased off in the latter part of the week and
        Source: Astley & Pearce  -  74 words
      • 237 4 TRADING was generally cautious on the Singapore forex market last week, with the US dollar fluctuating within the range of 552.2010 to $2.2065. It opened lower at 2.2030/ 40 against the Singapore dollar, compared with 2.2050/60 at the previous week's closing, attributed to its weakness against the yen
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      • 21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
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      • 288 4 Source: International Discount Co.Ltd INTERBANK overnight funds last week continued on a firmer trend with the rates being traded between 7 to 7'/t per cent and finally levelling off for the week at 4 J per cent. The firmer interbank rates resulted in a higher turnover in the
        Source: International Discount Co.Ltd  -  288 words
      • 138 4 RETAIL prices per tahil quoted by the Singapore Chinese Gold and Silver Merchants Association are Ss69o for 90 per cent gold, $730 for 22K gold and $780 for 24K gold. In HONGKONG on Saturday, the international gold price closed at a record high of U*****.00/40 an ounce, against the
        138 words
      • 48 4 FOR THE week ended Saturday May 19, the range of call rate received from from Short Deposits (M) Bhd was as follows: Bank fond: l'/s per cent to 6 per cent. Geaeral fund: 2 per cent to 4 per cent. Movements of funds totalled $734 million.
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      • 49 4 ZURICH exchanges closing quotes on May 18: US -1.7384 7391 Stg 3.5644/5669 Can 1.5062/5075 DMk- 90.5365 6159 DF1-83.0411/1191 F FY 39.1641/1998 B Fr 5 6383/6437 D Kr 32.0897 1163 N Kr 33.2785/3065 S Kr 39.5428/5790 Lit 0.2032/2034 Aus seto 12.2848/2948 Port 3.4930/5006 Spain 2 6274/6294 Arg-0.13',/14". Yen 0.7948/7969
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  • Page 4 Advertisements
    • 86 4 Zf /m tip 4 > >/. <* i m't rs ("lassie silu-r portrait trami\vnh hallmark 1 Jandmade in 19<)" h< >r alm< >st t\vc»centuries the exquisite beautv and matchless precision ot (jirartl Perreijaux timepieces have Ix-en a svmhol ot the lushest attainment in the art o! watch making. GP I
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  • OVERSEAS
    • 278 5 UPI. MORE than 20,000 Italians shouting slogans and holding placards saying, "Better active today than radioactive tomorrow," staged a national anti-nuclear demonstration in Rome. The demonstration was sponsored by ecological and leftist groups. Police said the demonstration was one of the largest mass gatherings in the
      UPI.; AP photo  -  278 words
    • 124 5 UPI. CHINA warned the United States on Saturday that signing a new nuclear arms accord with the Soviet Union would be disastrous if the US underestimates "Soviet adventurist ambitions." The official Hsinhua News Agency said -the second Strategic Arms Limitation Treaty
      UPI.  -  124 words
    • 734 5 ARRIVALS Service Local Operator Number Time From MAS MH605 1045 KUL GIA GA944 1055 PKU GIA GA906 noo MES THAI TG423 1125 BKK PAL PR501 1135 MNL RBA BI423 1200 BWN GIA GA982 1200 HLP SIA SQ911 1240 SFOHNLGUM SIA SQ240 1210 MES SIA SQ201 1245 HLP
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    • 709 5 NYT. EXXON Corporation, the world's largest oil company, said it was ready to develop and market an invention that, in little more than a decade, could save the energy equivalent of one million barrels of oil a day in the United States
      NYT.  -  709 words
    • 205 5 AFP. FOLLOWING talks with President Carter on Friday, the four major United States car manufacturers and the US government have announced joint plans for a multi-million three-to-five years research programme to develop the car of the future, which will hopefully run on little or
      AFP.  -  205 words
    • 225 5 UPI. OIL-RICH Venezuela is importing petrol to cover a domestic shortage, and the nation's Energy Minister said on Saturday motorists face the same kind of long lines now stretching across the United States. The warning was motivated by a newspaper report on Friday
      UPI.  -  225 words
    • 129 5 AP THE seven-nation Gulf Organisation (or Industrial Consulting (Goic) opened a three-day conference in Doha, Qatar, to deliberate a Joint strategy for petrochemical production and marketing. Industry sources said the Persian Gulf countries are to pool about US$3O billion (166 billion) for developing infrastructures,
      AP  -  129 words
    • 128 5 THE United States remains adamant in refusing to negotiate with the Palestine Liberation Organisation (PLO) until the PLO recognises Israel's right to exist, President Carter said in an interview. Mr Carter was asked if the US was modifying its position on negotiations with the PLO.
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    • 253 5 Reuter CANADA'S Export Development Corporation (EDC) has signed an agreement in principle with the Bank of China to provide China with a Cs2 billion (Ss3.Bbillion) credit to cover purchases of goods and services from Canada. The credit can be denominated in American or Canadian currency.
      Reuter  -  253 words
    • WORLD IN BRIEF
      • 430 5 THE 40 billion barrels of oil Mexico has claimed to bold in proven reserves is far too high an estimate, according to petroleum experts. Numerous petroleum experts in Mexico City and the United States said Mexico has large quantities of oil, but not nearly as much as Mexican
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  • Page 5 Advertisements
    • 111 5 s /oVo\ I A SWITZERLAND c i AW I > > -C «r» at v T s «K ?r* s ✓A. •OS- Nfc v- V! S?- »> 'J.V *V > 1 V r fs: *v--';A J t= *> U u-i faffi' V.':*.■&■ .i\ •'•«<, WW iviff 'WVM I X- II
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  • REVIEWS
    • 1125 6  -  Singapore Symphony Orchestra performs tonight and tomorrow night, for the first time under the baton of a guest conductor. PATRICIA GOH, bassoonist with the orchestra and our columnist, gives a little insight into the excitement of an orchestra in preparation. PATRICIA GOH. THIS week's column had
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    • 980 6  -  By HAROLD SCHONBERG NYT MUSIC critics were all over New York recently. Carnegie Hall, the Music Critics Association and the Aspen Institute, helped by a grant from the National Endowment for the Humanities, put on what was called an International Conference on Musical Criticism, from May
      NYT  -  980 words
    • 836 7  -  By ROBIN STAFFORD UPI UNCANNY similarities between 4,500-year-old writings found in the lost Middle Eastern Kingdom of Ebla and the Old Testament Book of Genesis have triggered a war of words among American, Italian and Syrian scholars. The learned men in their exchange of unpleasantries have accused
      UPI  -  836 words
    • 935 7 NYT Poison Penmanship: the gentle art of muckraking. By Jessica Mitford. 277 pages. Knopf. US$lO. Reviewed by Anatole Broyard. "NOBODY ever went broke by underestimating the public's taste," said H L Mencken, to whom Jessica Mitford has been compared. Miss Mitford, however, occasionally
      NYT  -  935 words
    • 561 7  -  By MANO SABNANI HAND-PICK a few mperstars; seeat mud for a "tXreag" Uvortuc itoffy; •elect a lecattoa to seme uuul place ia say, Afriea, aad thea pew la US$B milHea er mere aai what de yea get? Bepetalty, a majer awttoa pictare geed eaeagh
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    • 912 7 NYT A Bend in the River. By V.S. Naipaul. 278 pages. Koopt. US$B.95. Reviewed by John Leonard WE ARE in an African country rather like Zaire. It could be either yesterday or tomorrow. We are told: "This piece of earth how
      NYT  -  912 words
  • Page 6 Advertisements
    • 183 6 The international bank with your interests at heart. Dai-lchi Kangyo Bank is Japan's largest bank. Total assets of 73 billion dollars. But our size doesn't make us impersonal. A worldwide staff of financial experts ready to give your project their individual attention. And we have your interests at heart. DKB
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  • Page 6 Miscellaneous
    • 390 6 FILM SHOWS AT THE National Museum on May 23 (Wednesday) at Bpm, three colour films r> Cam Duee, Oar Street was paved with OaM and Sakaiefcewaa 48 Degree* Belt* will be screened. The films are by courtesy of the Canadian High Commission. Admission is free on a first-come-first-served basis. THE
      390 words
    • 1419 6 Onedin's last sailing HE last qMe rf The Llae, hmver, uither Out nriw ansets Oaedta Um wUlbeshawa Mealay evealag pre- the aetoatUe wtrM ud THE last eptoMe ef lie (Mia Um will be skwi ea tetevtatoa taright at 11 pm. The 4raaia aeries aheat the grawth ef aa Is ameag
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  • Page 7 Advertisements
    • 126 7 In just 10 years, 0ver2,000,000 Peugeot 504 cars have been sold, yet not many can be obtained on Singapore's secondhand market! From 1968, the Peugeot 504 has been steadily selling all over the world. Upto April 1978, over 2 million cars f were sold. Why then is it not easy
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  • Page 7 Miscellaneous
    • 45 7 DTIStOW": Franx Lhc&eos I Goti \'o ui^eTo\ S9EP* TO mc HVNes Pue^sey Y\jff'. PUFF' poff' 9OFF! ajFF' PO^F' ?off! puff' V4Vh)£s SfePKiMG puff' Puff' CRN N/bO MOLD OH 2 Nou Sound eWRUSTGD 6E£N Cunning ,rboutp to F£P>B I'm BUXJ«»4G UP &RL4-OONS FOR OUR CMR\STpnp»S De£o£PrtioNS.
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 192 8 may u Francs Actions Sulan 304 -1 AlusuUae Br 1340 unch Alusutsse Ref. 520 1 Brown Bottrl Br. 1825 unch Cite Deify Br 1338 13 Citm Oeify P C 1060 unch Clba Oeity Ret 719 2 Credit Suisse Br 2175 -5 Credit Suisse Ret 419 -1 Eleklromt Br 1970
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      • 280 8 MAY IS Frs CORBEILLE Air-Liquids 397 -2 B S N Gervals 560 14 C S F (ThomsonCsf) 381 unch Cle FruutlK des Petroles 100 -1 Compagnle Flnanclere Compafnle 379.80 -22 Credit Fonder De France 490 unch Hachette (UDralrle)._ 231 10 +8.1 Machines Bull 57 -03 Mlchelln (B> 998 -12
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      • 197 8 MAY 18 Fla ABN 350 00 1 Ahold 9710 02 Akzo 30 20 -0.1 AMEV 100.00 4-0.6 Amfas 116 30 -12 Am rot Bank 71.40 -0.6 Bcrgoas 57 10 unch Berk 9250 2.5 Rolf 0670 03 Borsumij 167 50* d •Hi Burhmann 63 JO 03 Byenkorf 77 JO unch
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      • 224 8 MAY If Dm Aef-Telefunken 50 10B Akzo 28 00 unch Alls Leben 100 00 5 Alls Vers 430 00 -8 BASF ***** 02 Bay H T Wbank 251 00 Bay Vbank 261.00 -0.5 Bayer ir7on -0.1 BBC 0.5 BMW 224 00 rmmmm lla ***** -1 Chem Ver# 287 00
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      • 86 8 MAY 18 Pn FORWARD MARKET Acec Arbcd AMyr 448 2490 822 8 -25 4 Brucan Bru-Lamb 620 !740 30 urvch Canpac Cock 534 18 12 De Beers Ebes Electrobel 258 2156 8840 42 5 420 Gb-lnno-Bm Orv 2705 1248 -10 4 12 Hobok Peuo Ryl Dutch 2906 4480 2125
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      • 104 8 MAY it Lire Anlr 32 0 75 Assoc Oen Baslofl 700 -9 Centnk 4885 -4 PlAt 2700 -11 PlnikUr 173 4 2.5 Oen Immob m 4ft IF! Prl 2282 2 Itaicemenll ***** 4 210 IlSifJLS 747 49 ItAlslder 408 -2 Magnet* M Pf 500 4ft Msrelli Ere 254 -8
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    • 1355 8 NEW YORK TAKEOVERS and other corporate news dominated the action last Friday as the stock market managed a small gain in moderate trading despite weakness in blue chips. Profit-taking and some disappointment over the US$9OO million rise in the money supply reported on
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    • 236 8 MAY IS CI A Kit 1 Hi 174 unch A lean 40 •4 Alfomi ar% 4* Bank Mont 22'« -4 Bank Nova Scotia 22 unch Bell 22 -4 Beth Corp BP Can Ltd ZZ 22 >• 4-4 B rase an 224 unch Camp Red Lake 21*. 4- 4 Can
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    • 312 8 MAY It Rand INDUSTRIALS A Alpha ITS unch Abercom 245 5 AE And CI 400 unch AMIC 1600 unch Barlows 600 -15 Cf Sugar 690 CNA 260 10 Currte Finance 103 unch De Been Ind 1S66B -15 F/1rr*n 377 unch Ed cars 4450 unch Eve ready Fed Volk Z
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  • Page 8 Advertisements
    • 595 8 Where to wine, dine and entertain For lunch. For dinner. For a richly rewarding experience. ■•Vs.. I uru h > I i K V,;V. Situr '..k >V Su'ui.r. 1* 1 h) J 4'i>(in ar I'urk Sliomton -9-v-L r M.y I 11 < >( S 1.1 1 II K)\ SII )i-;i-u
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  • MARKET REVIEWS
    • 551 9 r NEW YORK NYT AN ENCOURAGING 14 Vipoint run-up on Thursday in the Dow Jones industrials provided some much-needed smiles last week on wall street amid recurring worries about gasoline, interest rates and the conflicting views of several dozen economists. For the week, the industrial
      NYT  -  551 words
    • 313 9 r SYDNEY h Reuter THE Sydney share market sustained declines in all major areas last week with little in the way of institutional or overseas support and special situations lending uncertainty to activity. Dominating trading for virtually the whole week was the banking sector
      Reuter  -  313 words
    • 355 9  -  Week eaM May It Compiled by Violet Chow SCRIP ISSUE !>>«■ Us: Rights Issue of five-for-one at $1.00 per share. OTHERS Cmtral Seeutttes has won its appeal against the summary judgement by the Malaysian High Court in connection with a legal dispute with Haiji Haron
      355 words
    • 617 9 K.LUMPUR THANKS largely to. the sharp recovery on Friday, the Kuala Lumpur stock market was able to finish the week steadier The distinct upturn on Friday halted what appeared to be a drift of prices sideways as momentum was lost after the mid-week. On balance, a fairly broad
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    • 1018 9  -  r 1 LONDON By GERALD COLVERD THE best laid plans of mice and men can go awry as easily as those of bulls and bears. For the moment the bears can claim that the bulls who were going to run the market after the Thatcher election
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    • 964 9  -  SINGAPORE By CHAN BONG SOO AT LONG last, the trend took a decisive change for the better at the Stock Exchange of Singapore last week, and in the process took the Straits Times industrial share index past the 400-point psychological barrier. The
      964 words
    • 277 9 f y TOKYO b d AFP DESPITE tighter margla tradlag eeatrels, the Tskys stack market mad* a nU advaaee last week, hacked by a Irak wave sf hayiag. The Daw Jean avenge exceeded the mark for the first time la history aa Friday. The
      AFP  -  277 words
  • Page 9 Advertisements
    • 313 9 Looking for factory space? We can meet your exacting standards at Delta House. /f 2 2?CM«C V/ '«U>Y «Q*P «e^ Jdu i t£*±km* *C>AC r JO+Q s*yTosrsr'-l t «Oad w r^ 0> 0 >*HWQ K|M\i tf £r-s&~j /n S&SS Name your principal considerations when evaluating a new factory location. We
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  • COMPANY NEWS
    • 215 10 SOUTH Malaysia Industries (SMI) extended the strong earnings headway made in the first half of last year Ints the aeesnd half and almsst tripled its foil year pre-tax preflt to MSI.IS millton from $448,111 prevtonsly. The growth was achieved sn snly a msdest St per eent
      215 words
    • 765 10 Current Ex Book a Date Total for Total for Payment Date Cloae Payable the year Previoua year Ajinomoto 20%(b) Apr 24 May 7 May 21 20% 12% TE Bat* (M) 14% Apr 19 May 2 May 25 20% 125% Dunlop Eat 20%(h) Apr 18 Apr 30 May 25
      765 words
    • 177 10 Company Particular* Ex Date Books Cloae OC BC Bonus Issue of 1 for 5 Rights Issue of 1 for 5 a. $3.00 per share May 14 May 21 Bovis SEA Rights Issue of 3 for 5 fe $100 per share May 15 May 25 I'td Plant Bonus Issue
      177 words
    • 1049 10  -  By OUR REPORTER APOLLO Enterprises' anticipates a full subscription for its one-for-one rights issue of 16 million shares at $1 par. Certain major shareholders of the company have already undertaken to subscribe to 6.11 million new shares, leaving the balance of 9.892 million to be underwritten by
      1,049 words
    • 119 10 flatted Mater Warfcs (M) Hldgs Bhd: AGM to be held at Jalan Utas, Batu Tiga Industrial Estate, Shah Alam, Selangor at 10.30am on May 23. Natl—al Iraa 8teel Mills Ltd: AGM to be held at the Board Room of Development Bank of Singapore, DBS Building, Shenton Way, at
      119 words
    • 2840 10 Gr'» Gr*s Net This Year Last Div Div Y*ld P/E Vol Week High Low Company Sale or* Cvr COOO) Higk Low SECTION ONE INDUSTRIAL ft COMMERCIAL 261 207 Acma 258cd 8 15 ON 15 55 152 33 260 246 190* 123* Alcorn 182cd unch 10.0 15 5.4
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  • Page 10 Advertisements
    • 372 10 SETRON LIMITED PROFIT DIVIDEND ANNOUNCEMENT The Directors are pleased to announce the audited results for the year ended 31st December, 1978 of the Group as follows: Consolidated Profit before tax Consolidated Net Profit After deducting: Depreciation Taxation Minority interests 1978, Ss'ooo 5,435 2,965 Ss'ooo 4,188 1,809 The Directors propose to
      372 words

  • MONDAY SPORTS
    • 985 11  -  ABS-ABM GOLF TOURNAMENT By TEO TECK WENG GOLF enthusiasts of the local banking fraternity yesterday scored a sevenmatch victory over their Malaysian counterparts in their fifth annual golf meet. The team from Singapore, comprising 24 pairs of golfers, beat the Malaysian side by a convincing
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    • 779 11  -  By PETER DOBEREINER THERE IS nothing else for it but to start with a baring personal declaration. On the subject of apartheid I feel much the same way as the archbishop who was asked his views on sin: I am against it. Likewise I approve of effective
      779 words
    • 396 11  -  By RONALD KOW THE NATIONAL Bta4tam, whtoh ku Ml Mea MMfc cm! riac« Ike BUly Ontaa tr—li la* Decanter, Mi be (DM te ike Mb thto Budfty whea ike flagifirr Melayrta Cap eeeeer teas meet ftitk Huh Seiaager la what furtu te be tke meet exetttag bene
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    • 433 11 SPECTACULAR Bid wtiMtotfl klmsetf u Ike wzt Triple Crawa threat whea la IcmIM fear ether S-yrar side te take the U8*Ztt,M (8Sfil7,CM) Preakaeee Stakes at PfanBee, Baltimere, ea Satard»y. SeeUag te (eUew Seattle Slew aad AtOrmei, Spectaealar BM mat the 1-3/11 miles la
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  • Page 11 Advertisements
    • 196 11 m m s f Jf-5. Y a: V 5 op f A f WE PlRRfTIGE SUCCESSFUL MEETII1G5 PLWPlYS You win, both ways, at Rasa AAffo Sayang. It's indisputably the best meetins ground for conventions bis or small, We have a Conference Hall to cater for a full-scale convention for up
      196 words
    • 95 11 Only one shoe for two great champions diodiora^... BJORN BORG It imhlcdnn bamhtrtn o v (,l II I h R \1() ll AS I it in b OfH'ii (JujnifvoH IT Tennis Wear E2SS® Tennis LLI Balls also available Sola Agant Singapore. Malaysia and Indonesia OISO QVQIIQDI6 EUROPA-SPORT pte. Ltd. Unit
      95 words

  • 1134 12  -  By GERALD COLVERD A MAJOR sale by the British Government of its holdings in British Petroleum (BP) can be expected to be the first attempt of the new Conservative Government to fund its spending through the realisation of its investments in industry. According
    1,134 words
  • 166 12 THE Malaysian government has agreed to provide a further MSBOO million for the armed forces under the Third Malaysia Plan, Deputy Defence Minister Datuk Mokhtar Hashim said in Penang on Saturday night. He said the amount would be used for the developed of the
    166 words
  • 107 12 AP. CHINA'S new civil engineering company set up to do business with foreign countries has begun operations and will establish overseas branches, the Hsinhua News Agency said on Saturday. Hsinhua, in a Peking dispatch monitored in Tokyo, said, "the company contracts to build railways, bridges,
    AP.  -  107 words
  • 246 12 AMERICA'S toarth largest buk, Mawlinhim Warnm Tint gmpmj, 18 N Wl§6a CMVIaOM there wm be a nnriia ta the US tMs year. The beak's vtee ehalrmaa, Mr Harry Taytar, toii a snap ef haafcen aai MacmiN jujM > vtaK to MaaUa ea PrUay
    246 words
  • 281 12 FROM PAGE ONE gested by the Asean countries but the Australians did not agree to them in toto. For Apex fares, Asean proposed that the minimum length of stay be five days and the maximum a year. GIT ticket holders' have to stay at least five
    281 words
  • 635 12 STEEPLY rising prices on Rotterdam's spot oil market are provoking fears that members of the Organisation of Petroleum Exporting Countries (Op«:) might deckle to gear prices to the same level. Officials at the European Economic Community have already voiced their concern, which was
    UPI chart  -  635 words
  • 296 12 UPI, NYT. INTERNATIONAL oil companies will cut the supply of oil products to filling stations in Thailand by 35 per cent starting next month, officials said Saturday. Mr Ararm krabuanrath, president of the Oil Traders Association, said diesel fuel and benzine will be particularly
    UPI,; NYT.  -  296 words
  • 157 12 AFP. THE corridors of the fifth Unctad session in Manila have started to ring with a strangely familiar sound Opic from the lips of La tin-American delegates up in arms against Opec. Opic means Organisation of Petroleum Importing Countries. A handful of Latin-American countries
    AFP.  -  157 words
  • 264 12 A CHILEAN Charge d'Affaires will probably be taking up residence in Singapore in the very near future. This appears to be the first tangible result of the four day visit of Mr Enrique Valdes, the Chilean foreign vice minister. Speaking at an airport interview yesterday,
    264 words
  • Page 12 Advertisements
    • 264 12 THE GOETHE-INSTITUT i SINGAPORE 1 (German Cultural Centre) 2 5= presents 55 I FILM FESTIVAL I I VOLKER I 1 SCHLONDORFF May 23 Bpm :The Education of Young TSrtess I 24 8 pm: The Sudden Riches of the Poor People of Kombach 25 8 pm: The Moral Attitudes of g
      264 words
    • 3 12 SEE PAGE t
      3 words
    • 300 12 SPECIAL GUIDE TO FITNESS Why Fitness INACTIVITY endangers productivity The body can be likened to a machine. It can operate at peak efficiency only if it is running at the right speed, is well lubricated and is given the correct fuel. In other words the components of our body, blood,
      300 words
  • Page 12 Miscellaneous
    • 60 12 WEATHER! Outlook for Singapore from 6 a.m. to 1 p.m. today .Mainly fair. Report tor 24 bears prtor to 1M p.m. m May 21 st the airport. Maximum temperature 32.8 Associated humidity 62 Minimum temperature 24.5 Associated humidity 95 Hours of sunshine 10.20 Rainfall in millimetres Nil Total rainfall few
      60 words

  • SHIPPING TIMES
    • PORTSIDES
      • 87 13 Reuter KHOMEINI (formerly Bandar Shapur), one of Iran's biggest ports on the Gulf, is heavily congested the official Pars News Agency said. Port officials reported that about 376,000 tonnes of goods were piled up in warehouses awaiting collection or clearance. Another of Iran's main ports, Khorramshahr,
        Reuter  -  87 words
      • 95 13 AFP JAPANESE shipyards won foreign orders only for two ships totalling 100,200 gross tonnes valued at 11,183 million yen (Ssll4 million) in April, or the lowest in seven years and eight months, the Japanese Ship Exporters' Association announced recently. The previous monthly low of one 2,000-gross tonne
        AFP  -  95 words
      • 64 13 Reuter THE association Zeebouw-Zeezand, a Belgian/ Dutch consortium charged with the expansion of the harbour of Zeebrugge, has been commissioned by the Belgian Ministry of Public Works to start the first phase of the LNG terminal at Zeebrugge, Koninklijke Boskalis Wetsminster Group NV said. Hie contract, valued at
        Reuter  -  64 words
    • 610 13  -  NEW GENERATION SHIPS By GOH ENG KEE PLANNERS of the modern container terminal face a common basic imponderable, for which a definitive answer has yet to be found. According to Dr Harald Gohren, chief planner of the Port of Hamburg Authority, it is whether the terminal
      610 words
    • 382 13 "BENJAMAS", the first vessel on the new joint European conventional liner service mounted by United Thai Shipping Corp (Unithai) and Malaysian International Shipping Corp (MlSC),was seen at the Port of London early this month. The Thai vessel loaded some 900 tonnes of cargo at the King
      382 words
    • 1604 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
      1,604 words
    • 318 17 SMpptagLtae PHe Cat ACS n 5 Afea IV 3 Alfred V 2 Aipac IV 5 Angkuun IV 4 ANL I 1 APL m 2 Armada V 1 Arya Nat n 5 ASCL m 5 Aust Cont IV 5 Bank n 5 Celtic V 5 Central V 3 Ceylon V
      318 words
    • 917 18 RECEIVING OF EXPORT FCL CONTAINERS 1 AND LCL CARGO AT CONTAINER TERMINAL vIB. (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
      917 words
    • 1379 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN)—Unipacific. Alpac Line—lntrasea. Anhsing Line— Strongwill. Angkutan Pertambagan— Eastern Way.
      1,379 words
    • 785 18 Reuter EVER since the ancient Greeks sailed into its natural harbour in 600 8.C., the throbbing southern city of Marseilles has thrived off the Mediterranean Sea. "Each time our city has turned towards the sea, it has known periods of remarkable expansion," said
      Reuter  -  785 words
    • Article, Illustration
      335 18 EXPECTED ARKJVAU9 TODAY KEPPEL WHARVES Bunga Gelang (1300) 19 Dove (Tanker) (1800) after Palm Sea Horse) 13/ 14 Fushimi Maru (after Ibn Younus) 31/32 Jastarmia Bor (0400) 46 Jintsu Maru (car carrier) (after Frota Beira) 44 King River (0600) 25 Makaba Maru (ro/ro) (1600) 26 New Star
      335 words
  • Page 13 Advertisements
    • 446 13 Europe Our Next Loader Port KAlang- 26/5 Singapore: 22/5 Forfurtherdetails, see page 3 .1 RDIM A MAH Orient Overseas ConlameA Line Y COWTMOtSED SERVICE TO EUROPE (VIA SUEZ) I S >■« P***l Fsfcw Iribm I'to KWf owmm CHEF 14* h Port Safed 9 6 S. SMS MUX 21* 25 5
      446 words
    • 496 13 lis SEALORD UJ ANTAH H UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON HL. Derrick 288 TEU Capacity, Long Length Capability ■ARABIAN GULF WEEKLY SERVICE! 1 I—i1 —i Vessel IS pore Loading for mSMA 26/5 Dub* (5/6). Kuwait (10/6). Doha (13/6) Dammam (16/6) BN BAJJAH 6/6
      496 words
    • 693 13 Australia Our Next Loader Port Kelang ,26/ Sinnannro--23/fc Singapore: For further details, see page 3 MAERSK LINE Fir US Nc*c. Plate Hirtfc Wet Crf 1 Mmtx. Urt rmil and Mbmco (Aho accept** tor Honfione. Tamac iapar and Korea) LTT HC II CI Mother Vessel WHO an/s 21-22/5 25-a/S *27/5 3-4/6
      693 words

  • Page 14 Advertisements
    • 587 14 FULLY CONT AMERISED TO EUROTE Haatart Eipns Brtmtfi Lxpms Kowioon Bay Hofkn Eiprou KautoiHn Tokro Bay Cardigan Bay Spore PKeiant Pen Mbao Genoa Riedentem Sa*d 23/5 18/5 9/6 Sophie tockmerc 9/6 11/6 30/6 FULLY CONTAINERISED TO GENOA/TRESTE S pare P. Keian( Genu IJ/5 21/5 7/6 Alemanaa Eipreu 2/6 20/6 lAetftertanea
      587 words
    • 433 14 I 835 barber blue sec lartMrMucSM WVfl Wl Franc US ATLANTIC US GULF I EAST CANADA Safe N. Orleans m-m »«ww nu mjn mo iT mmti U* m 4/5 Abr 31/31 ««fi Ami 31 S«D It Sa U AmM M* JJJ A, 2 A* Ami 7 A# 11 slt A*t
      433 words
    • 441 14 EVERGREEN LINE I FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE EUROPE FAR EAST EXPRESS FULL CONTAINER SERVICE Eur foyaftr Cm Vator FAR EAST/RED SEA MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTWG CARGO FOR GENOA. LATTAKIA, BEIRUT ALEXANDRIA. BENGHAZI. TRIPOLI (LIBYA) S'pn 'MM hrt W linniM Ltfkam fn Maruflrt BjrctMn
      441 words
    • 893 14 1 Everett Lines! W Burma Fiv# Star Shipping Corpn. "BURMESE NATIONAL LINE' LOAOMC FOR RANGOON 22/24 May B F SS C Agents m Malaysia TEPS MALAYSIA Po»i Ketong Tel (381-7355 Penong Tel *****/***** Compania Argentina Oa TNavagacion Intarcontinantal S. A. C.I. F. VjL#y "ARGENTINE NATIONAL LINE" LOAOMG FOR DURBAN. CAPETOWN.
      893 words
    • 708 14 mtmmmm 111'lidl! lao.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHENTON WAY MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 mitprmce. TUE RIVD) SANKYO LINE AUSTRALIA SERVICE P. Kelang Singapore Loading tar: M PORT SAILED FREM. AOEL MEL 30/31 Mar 21/29 Mar SYD. Ma. AOEI
      708 words

  • Page 15 Advertisements
    • 908 15 Overseas B I Containers Limited Weekly service to/from UK/Europe To UK/Continent H tel grem ntaffl LeHawe Ston P KetMg Spoil hit P*to: Ei»m> faM faM W M 21 M? 22 lb, KS If ,V;. "b i*d S*d bM W.BU.KS J?"* J Sj M lb, lb It. M. BU "od **d
      908 words
    • 968 15 GRANARD LINE RELIABLE I DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDITERRANEAN S'pn PAatang UK. NBJA VJtR 22 May M* HAN MNG *.27W 12 to 15 to M» MAN FUNS V7S» 12 U ML VESSELS ACCEPTWG CONTMO CARGO MMi/P Sard/ Atoutoti tarat/lattakia Pireaus Tripoli Bengfwi MMi/P Sari/Aleiandna Borut Ikiussol lattakia Pirea#s
      968 words
    • 685 15 nvr*: BEN LINE CONTAINERS EXPRESS CONTMO SERVICE TO/FROM EUROPE 10 OMW S port P Kurama Maru SaM I Kamburt fipress 24/5 Bremen Eipress Aowloon Bay 30/5 Honfkonf E«press 4/6 Kamakura Maru 9/6 Tokyo Bay 13/6 Cardigan Bay 23/6 Tokyo Etpress 28/6 Elbe Mary FROM LUMP* H BURG 8 HAVEN W
      685 words
    • 530 15 Scan Dutch V WEEKLY EXPRE IVini ;»I'i;l'»f' T 'i»:i? OIWOU a/s FtMcna 2/4 EKWOM »/l FMKtSCA 14/4 aoMDM HUMCOU B/4 EUMDM 7/7 Sport 22/s nn w wt is/i a/« m U/7 II WMfc ICCVftV fgf f EASTBOUND FROM MED/UK/NC/SCANDINAVU 1) C'bW| 7) H bu't 3) Bwn4) to* 5) leH S)
      530 words
    • 727 15 T BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD. LOADS FOR E. I S. AFRICA KECMMB (Reumon. tfUiunoa Durban. Ctown ft, Elda) S port 3/6 ton P Kelang VlO ton FROM EAST I SOUTH AFRICA ...Penal* P Kelang FOR BANGKOK MAMA U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, Galveston) Singapore
      727 words

  • Page 16 Advertisements
    • 901 16 > K line KAWASAKI KISEN KAISHA. LTD. tUROPt EXPRESS SERVICE TO EUROPE (accepting cargoes to Scandnavu «a Hantwg) FROM EUROPE TO FAR EAST •I Havre P Kelang S pore H Hong Osaka HI CORAL 12E C PAUL 161 N PEARL 14E C RO2E 14E K lACEWON 2E Sailed Saded SaM
      901 words
    • 753 16 U.S.A./EAST CANADA SERVICE acceptor Fa/ia cotmbb mremt, p. kelang. store Im*« tar KW TOM. RWOU E C /GREAT LAKES SERVICE l(MOK FOt *W TOM. RKOU MONTREAL. TORONTO umar nMm/i km— a/1711 MCMAL PRABESH" M/atM 11/H Am IS/17 ta CALIFORNIA/PACIFIC NORTH WEST SIR VICE Laatag tar lOS ANGELES. SAM FMNCBCO. SEA
      753 words
    • 471 16 r \C•roup SINGAPORE SHIPPING AGENCIES PTE. LTD 20TM FLOO" OCEAN OOILOING SINGAPORE WARnETING *****2 13 LINt Si 91 3i 1i i 4 L iNE Si TELE* RS 2459S RS 2SS6B A B CARSM'P MCABLE CARGOSHIP \*L\ SISGA PORE ISL A NDS USE 4'IIiMIUVNJ iniUVMIIVU k MIPDIt hAST RH.L LAR I.ISEK
      471 words
    • 878 16 MAI+YSIAN IXTtKNATtONAL SHIPPING CORPORATION 01RHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIi 1) Barcelona Genoa 2) Amsterdam Antwerp L Hawe. Bilbao Basle. UK. 3) Bremen Bremenharen Aartwv Copenhagen Helsinki 4) Malmo Stockholm. Oslo •Accepting Ear ope cargo tor teedei ma Spore EAST WW: I) G burl 2) H buri 3) I'm
      878 words
    • 754 16 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****1 V *****57 REGULAR MDE PENDENT SEM/FULI CONTIUNER SERVICE TO EUROPE S port P ktlang Ptnang laadhg tar: FREOFUS *a (Cm* 9*) Ikm T*ury Rotti n Mir n *b, Anon (UK) Aaerp THDury Smgapart RTUSI (PIE) in 2JUt 11
      754 words

  • Page 17 Advertisements
    • 241 17 —ft* EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AM) WRECT UNER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) STORE PTKEL POM It 72 km 1« Mpd Mm i cmco nua com*cr soora< PT SAD JUU km It km IS la 3* M? 4 GENERAL AGENTS. L.N. SNIPPING PTE LTD Tel: *****11
      241 words
    • 372 17 ALFRED C. TOEPFER LINE REGULAR SERVICE TO HOTORMCAN PORTS Of fTAtr. SPA*. FRANCE TMER SERVICE Spare P. todtvpat Parte BASEL alter *»t. ANTOKTTE km* tJw Satan* MhHiiii, Met mTSRmODfII TRfIn^PORT Lr~ SHARJAH SHIPPING CO. LTD 3 j>- a r <U*l T tD &fU6 MUS GINiSAi AGEN T S Sufi AGfVS
      372 words
    • 308 17 BOUND 10ADMG FOR MUSCAT DU6AI ABU DHABI BAHRA* KUWAIT BKH.OME IM EAST-SOU® MSOMKNC (Mr SMGAPORE KHORXAMSHAW SERVICE CASTOR (aUM m *n-b Gulf east Shipping Pte Ltd Suite 704/706. Ocean Butting. Colyer Quay. Singapore i T1 *****3 (10 Lines) WORLD LINE aoun ram > KMC! MMN/MMGHOHC/STtttrS rjMni M>y H/n m, n/n
      308 words
    • 325 17 LIAN SOCN SHIPPING TRADING CO (PTE) LTD *:o: HOO* z" •uuot*&,»oBiiiSo«i *o»o smcapoaf fi r?oci:: > *s> c»»a um«ind NOR, NORIENT LINE Europe/Far East Ro-Ro Service USTKMB man ■ESI BON) •ESQ KB CMBMH mac «mr L?oa stok hi obi nsjw hi IS MIT 21 MIY 24 MIY IS IK 24
      325 words
    • 338 17 NOTICES DONG SUE LINE M.V. DONG NAM VOY. 4/79 arrived 13.5.79 at PSA Godown 25/28 and M.V. DONG YLN VOY. 8/79 arrived 13.5.79 at PSA Godown 35/36 General survey on damaged cargo discharged ex the above vessel DONG NAM will be held on Wednesday 23rd May 1979. and the vessel
      338 words