The Business Times, 22 May 1979

Microfilm: NL10176
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 14C/1/79 TUESDAY, MAY 22,1«» SO CENTS
    10 words
  • BRIEFLY...
    • Article
      Regional ITF plans
      69 1 PLANS TO set up an Asian regional organisation of the International Transport-workers Federation (ITF) have been finalised. Mr R.A. Hamid, president of the Singapore Organisation of Seamen told RTS yesterday that the Asian Seafarers Conference pro-tern secretariat has written to ITF about setting up the organisation but
      69 words
    • Article
      Lock icon Gold crosses US$260
      62 1 AFP Reuter LONDON, Mon. Gold prices here soared today to hit a new all-time peak of U*****.00/50 an ounce, the first time the metal has been over $260. Prices here were mirrored on the Zurich market where gold also hit a new high of $261 to $262
      AFP; Reuter  -  62 words
    • Article
      Lock icon US dollar rallies
      55 1 AP TOKYO, Mon. The US dollar rose by more than two yen against the Japanese currency today on official US talk of the dollar's strength and further news of oil price increases. The dollar closed today at 219.275 yen, up from 217.25 yen last Friday and 213.85
      AP  -  55 words
    • Article
      Lock icon Suharto warns
      54 1 AFP JAKARTA, Mon. President Suharto has warned Indonesians that their development efforts will face serious obstacles if they adopt a lazy lifestyle and want to get profits quickly without hard work. Factors that obstruct national development are laziness, relaxed work and the* desire to get immediate result without
      AFP  -  54 words
    • Article
      Lock icon China confident
      79 1 AFP TOKYO, Mon. China is confident of attaining an annual economic growth rate of 12 per cent or more, Liao Chengzhi, chairman of the ChinaJapan friendship Association, said here today. Mr Liao, leader of a visiting Chinese friendship mission, made the remark when he paid a courtesy call
      AFP  -  79 words
    • Article
      Lock icon Prisoner exchange
      88 1 AFP PEKING, Mon. The first exchange of prisoners of war between China and Vietnam took place today on the Sino-Vietnamese border in the presence of International Red Cross officials, the New China News Agency reported. Two months and five days after the end of the fighting between the
      AFP  -  88 words
    • Article
      Lock icon Dow Jones
      75 1 UPI NEW YORK, Mon. The stock market struggled for direction early today in sluggish trading. The Dow Jones industrial average, a 1.04-point loser on Friday, was off 0.94 points to 840.95 around 1500 GMT. The Dow gained 11.35 points overall last week. Advances led declines, 572 to 434,
      UPI  -  75 words
  • Chief Price Changes
    • Article
      SINGAPORE
      135 1 Rises Most Active G E Life Cona plant Wrta Metro HM(i Lien Hoe 820 580 378, 180 40 25 16 15 Consplant S Darby UOL 299,000 234,000 178,000 Suagei Beai 1080 10 UOB 152,000 DBS Dunlop Bat Taaek Cement 530 404 340 10 10 10 Total Turnover: 5.47m Total
      135 words
    • Article, Illustration
      KUALA LUMPUR
      141 1 Rises Most Active Minsee Tasek Chin Teck Consplant Wrts 358 370 320 600 +28 +22 20 +20 Coosplant S Darby Inchcape G Ropel 457,000 242,000 155,000 138,000 Hume (FE) 210 15 Total Turnover: 3.59m Pac Dev 300 10 Total Value: MS9.53m New Sdah M Banking 330 710 +10
      141 words
  • Article
    Catching fund managers' eyes
    776 1  -  FINANCIAL CENTRE EXPANSION By QUEK PECK LIM Financial Correspondent AN AD hoc committee of fund managers and bankers is now looking at the alternatives for the development of the local capital market as an expansion of Singapore's role as a financial centre. The study, undertaken at
    776 words
  • Article
    Lock icon First Unctad V resolution
    205 1 AP DELEGATES from industrial and developing countries yesterday the first resolution to come out of the fifth session of the United Nations Conference on Trade and Development in Manila since it opened two weeks ago. Although the resolution appeared to be a minor one, a spokesman
    AP  -  205 words
  • Article
    Marissco gets joint-venture nod from NZ
    741 1  -  By RONNIE LIM A SINGAPORE fish proc-' essing company, Marissco, has been granted approval by the New Zealand government for its Joint-ven-ture fishing project with a local company in the country's 360-km economic zone. Marissco's venture with the Auckland-based company, Sanford Ltd, involves fishing
    741 words
  • Article
    SIA can expect keener rivalry from CPA soon
    252 1 SINGAPORE Airlines can expect stiffer Cathay Pacific Airways (CPA) tiuiinHrtw fcw AugustIn that BNtfc, CPA will step np Its weekly fight frequencies between tea. Five sf the aMtfwtl six flights will be dbeet Slngapere-Hengkeng flights while the rfxth will epereto to Pmsng
    252 words
  • Article
    Dodsal wins Oman's $65m pipeline contract
    464 1  -  By FOO CHOY PENG A SINGAPORE engineering and construction firm has clinched a US$3O million (SUES million) contract to build the 445-km Marraul-Qarn Alam pipeline in Oman. Dodsal GmbH (Singapore), the wholly-owned subsidiary of Dusseldorfbased Dodsal GmbH, won the contract against stiff competition from
    464 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      7 1 soft-joys fcetdfc*S Golf Staar For Men Womer*
      7 words
    • Advertisement
      Page 1 Advertisements Column 2
      185 1 See Back Page WAYS TO MAKE BIGGER GAINS MAJOR SPECULATORS SEE TENFOLD GAINS AS CYCLICAL GOALS In a new report on overlooked prospects for major turnaround activity and new Bull-market eruptions, CAPITAL GAINS RESEARCH shows that the biggest speculators are frequently in the game to generate profit* which will ran
      185 words
    • Advertisement
      Page 1 Advertisements Column 3
      58 1 SHIPPING TIMES WHERE tool Ml ii JiyiMM eye 5........ FUTURE mftrketteg t STATE «f Mjdsysto's BANANAS for ft rmtoy fey DISPELLING ft stock mftrket 2 SCEPTICISM sa Euromarket 3 ACMA dses It ftgft1a.................. 11 I KINGS h»M toe see 11 MEMOPAD t, FLIGHTS I, TV AND RADIO I, CRO6BWORD C,
      58 words
    • Advertisement
      Page 1 Advertisements Column 4
      349 1 If.M.'H Plain paper copiers Preferred by offices worldwide CALL *****5. f Wywy Private Limited Wywy House 17 Leng Kee Road WW Smgapcxe 3 Looking fbra smooth connection to get to the UIC? KLMfc home-base offers you 358 flights a week to 22 destination; in the UK. and Ireland! Passing through
      349 words
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  • TRADE AND INDUSTRY
    • Article
      More local managers at middle level
      867 2  -  By RONNIE LIM JAPANESE directors and senior managers in Japanese enterprises in Singapore outnumbered locals by more than two-fold in 1977 although more Singaporeans were apparently entrusted with middle and lower management posts as the ratio of Japanese to Singaporeans at those two levels
      867 words
    • Article
      Campaign on shipyard safety in July
      255 2 A NATIONAL tripartite I campaign to hammer home the safety message to ship- < yard workers will take place from July 27 to 29. I Titled the Shipyard Safety and Health Campaign, it is < organised by the Singapore < Association of Shipbuilders and
      255 words
    • Article
      Birmingham mission proves fruitful
      163 2 THE 12-member Birmingham Chamber Mission left over the weekend with at least six mission members receiving local orders. Preliminary reports gave the value of the orders as ranging from £10,000 (5J45,000) to £25,000 (5|112,500) each. At least two more orders are expected this week. Without exception,
      163 words
    • Article
      Population census to be carried out next year
      191 2 THE Government will be nrrjiag Mt a com sf the pifhtlw la Ike Repabik la Jiae next yew. A trial uasss to test the fMttaai aad iprrsttoasl precede res planned will he csadaetei by the Departaseat ef Statistics la May/Jaae this year.
      191 words
    • Article
      Seminar to unwrap future marketing trends
      455 2 FUTURE trends in the marketing of goods and services here and in the region will be discussed in a seminar scheduled to be held in July this year. The seminar will be organised by the Joint Education Committee members of the three main advertisers'
      455 words
    • Article
      Lee and Hussein elected patrons of Society
      302 2 PRIME Minister Lee Kuan Yew and Datuk Hussein Onn, Prime Minister of Malaysia, have been elected patrons of the Malaysian Branch of the Royal Asiatic Society (MBRAS). At the annual general meeting of the MBRAS in Singapore over the weekend, Tun Mohamed Suffian
      302 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      402 2 AMERICAN Express International Banking Corporation Singapore recently announced the promotion of Mbs Patriea tag from assistant manager, assigned to the Indonesian Support Unit, to assistant treasurer. She will be in charge of part of the Indonesian loans portfolio. Mr Ng Teag Bee has been appointed manager of
      402 words
    • Article
      Training for Chartered Bank officers
      103 2 THE Chartered Bank is holding a regional training course in Advances and Marketing, for six covenanted officers, at the bank's training centre at Upper Thomson Road. The eight-day course was opened last Friday by the bank's manager (branches), Mr K.S.Weston. Those attending the course are
      103 words
    • Article
      Accelerating pace of road development
      524 2 ROAD DEVELOPMENT in Singapore has accelerated in the past few years. This year's budget allocated for road construction and expansion is about $147 million 41 per cent more than last year's. This was disclosed by Dr Tan Swan Beng, assistant director of the Roads Branch,
      524 words
    • Article
      PSA TO TAKE PART IN CAREERS '79
      177 2 THE Port of Singapore Authority (PSA), will be joining some 50 participants at Careers 79 organised by the World Trade Centre at its premises from May 26 to June 3. The PSA stand will feature Singapore as the world's third busiest port, its
      177 words
    • Article
      MEMO PAD
      567 2 COURSES AND TALKS March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development April 30-Aug 24: Tuition Courses for the Australian Insurance Institute Associatesnip, srrc, sitc May 4-24: Industrial Relations, Holiday Inn, Personnel and Organisation Development May 22-23: Effective Organisation Development, SIM, SIM May 28-30:
      567 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      64 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
      64 words
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  • Article, Illustration
    KL FACTORIES IN FINE FETTLE
    755 3 THE industrial production index for the manufacturing sector in Peninsular Malaysia peaked at 334.1 in November last year. This was a rise of 1.8 per cent over the previous month. The mining index also improved, but only marginally, from 71.3 to 71.5. Electricity, the mo6t
    755 words
  • Article
    JAPANESE AIRLINE BUYS AIRBUSES
    137 3 JAPANV Tm Pomimttt AlrHaes (IDA) slgaed US$223 million <Bs4* m«Uh) cm tract yesterday to bay six KwpMi A-J* 82-211 Alrbasea tram Ike Ave aattaa Einpeu Airbas ladastrie tinrtfa. TUa is tbe first Alrbas parebw by Japaanae airliae as part a# tie Japaaese Govenuaeat's plaaa to trial
    137 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      1541 3 ro a Swiss Bank Corporation 1978 in facts and figures The Swiss Bank Corporation in 1978 In 1978 the bank s total assets qrew bv 5fr.7500 million or 13.5% to reach 5fr.***** million. Net profits of Sfr. 223 million were Sfr. 14 million or 6% lower than in the previous
      1,541 words
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  • RAW MATERIALS
    • Article
      Need to step up research in oil palm
      638 4 PALM OIL research, unlike that of rubber, cannot afford the luxury of time. Given the high stakes placed on it, now and in the future, the pace of research will have to be significantly faster than that of rubber. New technologies, quality
      638 words
    • Article
      Lock icon World tin output slightly higher
      138 4 Reuter WORLD mine predae~tion of tin-in e—ccntnte me marginally to 18,999 tonnes in Jaanary frem 18,499 tonnes in December and 19,999 tonnes in Jnnnnry 1978, the International Tin CeaaeU's May Statistical bulletin shews. This brings the tsehrMMnth meving total at end Jan nary to 299,999
      Reuter  -  138 words
    • Article
      Lock icon Future of HK comex far from sweet
      335 4 AFP HONGKONG'S futures market in cotton and sugar is in a deep trough and there are no signs of an early surfacing. Brokers have lost count now of the number of "nil" trading days and are completely dispirited. There has been for months
      AFP  -  335 words
    • Article
      Lock icon Restriction on edible oils to stay
      69 4 Reuter THE Indian government does not propose to free the import of edible oils. Minister of State for Commerce Arif Baig said. Commenting on demands to allow private traders to import edible oils, Mr Baig told Parliament that channelling imports through the State Trading
      Reuter  -  69 words
    • Article
      Hongkong Comex
      143 4 THE SUGAR futures market yesterday continued the recent quiet trend with no trades done as on Friday, dealers said. Losses ranged from 0.06 to 0.20 US cents, while the day's spot sugar price eased 0.10 cents to 7.65 US cents. Cotton trading closed easier with losses of about
      143 words
    • Article
      Rice
      332 4 SINGAPORE: Yesterdays closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop O B. 100 per cent secood class 08. 100 per cent third class OJO, 25 per cent new crop no stock. B-10 per cent O.TO. THAI BROKEN: A-super 0.6. Special
      332 words
    • Article
      RUBBER
      652 4 OPENING prices in Singapore yesterday were marked up about 0.75 cent despite lower London advices. Values gained further ground on sellers' reserve, covering and forward demand, notably for January/ March and April/June 1980, dealers said. Some trade and speculative buying influenced by the Thai border situation also aided sentiment,
      652 words
    • Article
      SSR and SMR
      117 4 NOON SSI 1 and SMR pnim tmlmdmy ■AS (Can hut Ml Mtk) <F« Mtk) Hmyr n Salkrt rs ScKlan SSR 20 Il ia pallMi 177 00 279 OON 177 00 279 OON SSRSO MftKLB <1-Ua (Mild) 274.00 *****N r4.oo 278 00N SMRCV (1 -tarn imIImi 208.50 104
      117 words
    • Article
      Textiles
      195 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) CaOaa yarn: China Blue Phoenix as 2.335 3k 2.830 40s 3.060 (per bale ot 400 lba). Piece gaads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lamia unq; Flower and ButterQy
      195 words
    • Article
      Palm oil
      68 4 C.I.F. North European ports. In U8 dollars per ton unless otherwise stated. LONDON: Malaysian 5%ffa bulk per tonne July FH 082slr unch Sumatra 5% ffa bulk May unch SOOslr «7Spd June •TTislr July 672'i sir 672' i pd August ffTOslr •6-Spd September unch MOpd Nigeria 5% ffa bulk
      68 words
    • Article
      LONDON MARKETS
      605 4 COFFEE: Robusta futures yesterday closed the morning quietly steady, little changed from the opening and £4 up to £5 per tonne down, with November unchanged from Friday. Turnover was 784 lots including 17 options and 135 cross trades. Spot May was traded within a high-low range of £1,609
      605 words
    • Article
      Lock icon Free market platinum hits new highs again
      93 4 Reuter FRESH iiveitor baying tMk Lsndsa free market platinum prices to sew highs sf £217.45 *r US$444 per trey euee tt yesterday msrnlng's fix, fsr galas sf £5.25 aad $f frsm Friday afterassa's levels. Pre visas highs were £212J6 at the menring fix
      Reuter  -  93 words
    • Article
      Straits tin
      66 4 THE STRAITS til price la PMMg yesterday dropped M*2t to $I,MS a picul, to stead $216 above the lateraatlaaal Tin Agreement ceiling. The price weakened •a a higher eoatribotien tin concentrates from miners daring the weekend Sals* lack «f boysupport a* the high levels, dealers said. Total teraover
      66 words
    • Article
      Closing prices
      30 4 Rubber: May 21 Singapore: June: 291.50 cents (up 5.00 cents) Malaysia: June: 293.50 cents (up 5.25 cents) Tin: $1,965 (down $20) Official offering: 242 tonnes (up 47 tonnes)
      30 words
    • Article
      Lock icon India's tea exports fall
      154 4 Reuter INDIA'S tea exports fell to 166.26 million kilos worth 3.29 billion rupees in the fiscal year ended March 31 from 221.52 million kilos worth 5.64 billion rupees the previous year. Commerce Ministry sources said the Indian government is making an effort to ensure that exports
      Reuter  -  154 words
    • Article
      Lacklustre trading on the produce exchange
      380 4 TRADING conditions yesterday lapsed into the listless state that it usually is on a Monday when price indications from overseas are generally not forthcoming. For the most part of the day, buyers were nowhere to be seen while sellers were quoting at tentatively higher
      380 words
  • ASIAN STOCKS
    • Article
      Lock icon Profit-taking cuts early gain
      604 4 Tokyo Source: DBS-Daiwa THE post-holiday market continued to rise yesterday with attention mainly on resourcesrelated issues, reflecting Friday's bullish mood, but dropped sharply near the afternoon close on profit-taking and investors' caution over the current sharp rise in stock prices. In the morning session, energy-related, incentive-back-ed
      Source: DBS-Daiwa  -  604 words
    • Article
      Lock icon Hongkong
      333 4 Source: SHK SecLtd. CHINESE property shares and Hutchison Whampoa led the market higher yesterday although not as quickly as oo Friday. Some indecision was noted among local speculators at the opening following the "nochange" decision by the Exchange Banks Association at their meeting in the weekend, but some institutional
      Source: SHK SecLtd.  -  333 words
    • Article
      Sydney
      281 4 THE market closed slightly firmer yesterday in quiet trading with the banking sector drawing most interest, dealers said MAY 21 Cents INDUSTRIALS A. C. I. 110 4-2 A N. I. 166 unch A. P. M 130 unch Ampol Pet. ae B H P. 930 6 Bank NSW 358 13
      281 words
    • Article
      Bangkok
      264 4 THE stock market closed mixed to lower yesterday in absence of buying support in slow trading, dealers said.- MAY XI Bahti A Aut Credit *0 unch Asia Fibre 196 -3 Ayuthajra In* And Trust Bangkok Investment 290 -4 Bangkok Bank 344 -2 318 unch Bangkok Insurance Bangkok Metropolitan Ban
      264 words
    • Article
      Manila
      115 4 THE market closed mix yesterday with commercials posting gains while minings and oils declined, dealers said. MAY 21 Pesos Acojc Mlntnc .006 -0.0002 AUu Con. A Atlas Con. B. HZ 23.10 •Oi BtfUlo OoM j01 unch Benruet Con. B BP Goodrich 25.25 -1-25 rnrrp 22 80 0.1 Inm R
      115 words
    • Article
      Selected indices
      31 4 H.K.HANO 8ENO Monday 568 64 Friday 566.16 Week Ago 543.72 8YDNEY INDUSTRIALS Monday 483.73 Friday 481.85 Week Ago 498.04 ALL ORDINARIES Monday i_. 583.88 Friday 580JX Week Ago 582.15
      31 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      75 4 mi IV* fcr:, "THE MASTERS" Distinguished Residence. 1 -2-3 bedroom suites Prices from: $55,000 Canadian Funds Developer with give 5-year rent guaranty. For information contact: In Hong Kong: Montpelier International Properties 305, Fu House, 7, Ice House Street Tel: 5-*****1 In Singapore: Bellian Securities Tower 2101 A DBS Building Shenton
      75 words
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  • OVERSEAS
    • Article
      Lock icon Pressure on IEA to cut down oil consumption
      642 5 Reuter THERE is mounting pressure on the world's major oil-consuming countries meeting in Paris yesterday to implement stringent energy-saving measures in the face of a string of oil price rises. The two-day conference of the 20-nation International Energy Agency (lEA), which includes
      Reuter  -  642 words
    • Article
      Lock icon Swiss lor tougher N-energy laws
      264 5 UPI SWISS voters, influenced by the reactor incident at Harrisburg, Pennsylvania, overwhelmingly approved on Sunday a government proposal for tougher nuclear energy laws. The vote hi Switzerland's 25 cantons, or states, averaged around 70 per cent in favour to 30 per cent against. Only one
      UPI  -  264 words
    • Article, Illustration
      Lock icon A dance before the polls
      98 5 CANADA'S New Democratic Party leader Ed Bread bent (left) dealing with party werker Clara Byrne en Friday la Caoder, Newfoundland while waiting to beard Us charter airplane. Prime Minister Pierre Tradean, heading into eae tf the cleeeet elections in r Jl history, ended his campaign
      Source: UPI photo  -  98 words
    • Article
      Lock icon Threat to Carter budget goals
      642 5 Reuter PRESIDENT Carter will not be able to hold the Federal government budget deficit below US$3O billion (Ss66 billion) if a recession occurs, Brookings Institution economist Joseph Pechman said. He said on Sunday at a press conference called to mark the institution's study of the
      Reuter  -  642 words
    • Article
      NOT DUE TO HUMAN ERROR
      89 5 THE accident at the Three Mile Island nuclear power station' near Harisburg, Pennsylvania, was caused primarily by malfunctioning instruments and not human error. This was a report made by a US congressional Commission of Enquiry. The personnel at the plant acted reasonably at the beginning
      89 words
    • WORLD IN BRIEF
      • Article
        Lock icon MRS GANDHI STAYS OUT
        581 5 Agencies PORMER Indian Premier Indira Gandhi's Congress Party, in a last-minute change of mind, has decided against, seeking re-elec-tion to Parliament next month from the southern state of Tamil Nadu. There was no immediate explanation for the change from senior party officials but there were hints
        Agencies  -  581 words
    • Article
      Lock icon Study hits out at US nuclear policy
      491 5 AP A BROOKINGS Institution study attacked the Carter Administration's nuclear policy on Sunday, saying it has failed to develop a clear strategy for countering Soviet nuclear weapons. The 229-page study, entitled "Setting National Priorities," is based on the President's military budget for fiscal
      AP  -  491 words
    • Article
      'Salt II favours the Russians'
      234 5 THE NEW Strategic Arms Limitation Treaty (Salt II) will give the Soviet Union nuclear superiority over the United States by 1985, a panel of Salt opponents said on Sunday. "The treaty is inequitable," Senator Jake Garn said on a television programme. "It allows the Soviet
      234 words
    • Article
      Lock icon Hanging of Bhutto was faked report
      103 5 AFP FORMER Pakistani Prime Minister Zulflkar Ali Bhutto died under torture last month and his execution by hanging was faked, according to the right-wing newspaper Daily Express in Loudon yesterday. Quoting Mustapha Khar, ex-governor of Punjab province now living in London, it said an
      AFP  -  103 words
    • Article
      Lock icon ARABS GET SOME FOOD FOR THOUGHT
      163 5 UPI THE head *t the UN Feed ud Agriealtare Organisetlea said aa Sutoy the Arab ell states are keetmiig lacreasiagly depeMkat ea M experts frem the United States. la aa interview with tke Beirat weekly Aa Niktr Arab repert tad meme, FAO director Geaeral
      UPI  -  163 words
    • Article
      Lock icon 'DON'T LET OIL PRICE CLOBBER THE POOR'
      177 5 UPI MEXICO will ask the United Nations to consider adopting measures to help countries that are poor and without petroleum, President Jose Portillo said on Sunday. Mr Portillo reiterated the promise, made last April, in remarks after a luncheon with Costa Rk3an President
      UPI  -  177 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      773 5 ARRIVALS Service Local Operator Number Time From MAS MH6Q7 0845 KUL MAS MH671 0945 PEN/KUL CAL CI814 1000 HLP CPA CX710 1006 HLP GIA GA980 1030 HLP MAS MH605 1045 KUL SLA SQ103 1045 KUL SIA SQ2U 1045 HLP GIA GA944 1055 PKU GIA GA906 1100 MES
      773 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      173 5 '%v -t: *1 r u <¥ -,*<* £l V^v^ 1 -V. V W &tr;\ i Wt?> Imagine watching TV broadcasts and videotapes on a giant screen of exceptional brightness and clarity. The football or tennis ball is large enough to be seen easily and sports action can therefore be followed
      173 words
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  • Article
    Penny wise, pound foolish tax policy?
    511 6 IT HAS taken the Republic about a decade to create a banking centre which is now a vital part of the chain of money centres throughout the world. But the ability to channel funds at will is not a true and complete definition of
    511 words
  • Article
    Rising sons among Asian managers
    354 6 ENCOURAGING though the drop in the percentage of Japanese nationals working for Japanese companies in Singapore undoubtedly is, it should not be allowed to obscure the fact that in the areas where real industrial power is wielded the Japanese are firmly entrenched. Many Japanese companies
    354 words
  • Article, Illustration
    Lock icon From oil boom to bananas
    1221 6  -  Petroleum accounts for 45 per cent of Ecuador's export earnings. With no new oil discoveries, increasing domestic consumption will dry up exports by 1984. Ecuador must move fast to build up investor confidence at the oil town of Lago Agrio. WARREN HOGE reports. WARREN HOGE
    NYT  -  1,221 words
  • Article
    Lock icon JAPAN, BEWARE OF THE CARIBBEAN THREAT
    723 6  -  By TONY COZIER AP THE NARROW streets and roads of Barbados, the tiny island-nation, are cluttered with the latest Japanese cars of every make. Toyotas, Mazdas and Subarus Jostle with Suzuki delivery vans and Yamaha motor-bikes for space. The duty-free shops in St John's,
    AP  -  723 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      41 6 BUSINESS TIMES GIVES YOU THE EDGE Every single business day, Business Times keeps you informed of essential financial, commercial and industrial news. Economic Trends. The Money Market. Price Indices. Company News, Reports. Opinions and predictions. Can you really afford to miss
      41 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1341 6 Children get their say CHILDREN arc nek appealing Mi the teterUM series ieae •a the screen at US pjn. today ea CWaanl f Is eeruinJy one ef the mast ever predaeei. The series, Children ef tke WerM, Is ieae la eealaaettea with the lateral tUn*l Year ef the CUM. TUs
      1,341 words
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  • Article, Illustration
    Lock icon Alfred Kahn keeps his flag flying
    2000 7  -  By STEVEN RATTNER NYT AMERICA'S chief inflation fighter is sitting on his balcony, an old executive office building nook favoured by Administration staff Members for its sundrenched view of the White House and the President's swimming pool. Mr Alfred E. Kahn is deep into
    NYT  -  2,000 words
  • Article, Illustration
    Lock icon America's most favoured club
    705 7  -  By CLYDE FARNSWORTH NYT NOT EVERY country can sell its goods in the United States as freely as, say, Japan and West Germany do. Two striking exceptions are the Soviet Union and China. As Communist countries and Cold War adversaries, they are excluded from the roster
    NYT  -  705 words
  • Article
    Dispelling a 'fact' about the role of our stock market
    1049 7  -  FORUM i ...with Quek Peck Lim IT SEEMS to be an article of faith among economists that stock markets exist to fill the capital needs of companies. Those who teach Economics assert that it is the place where entrepreneurs go
    1,049 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      83 7 For as little as $15, you can reach the swankiest, the best dressed, the most affluent crowd in town with Leisur^TiVnes. As a regular Saturday feature of Business Times, Leisure Times reaches 29.000 people in Singapore's top income group. The people with the money to spend, on the good things
      83 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      53 7 BriStcW: Ftaok bi cteas 7 OUG ujHotc Fleet OF JOG&GIZNPOTS UP OuTSIDT Twe &RCRGe, ep>en owe U>»tm iTfe fteoJD DCiVER Vending, RLoKbsce Gets OMC rr*s R PtcTURr OF OUR TRRNSPORT SGCJ»ON. V RGFOHMG, FROr* UEFT Tfc PIGHT, COCLY smiTH PvNDvJomOO G«NG?GP BIjOGGS P>MD miG»HTv cnueey lemousi fwd B»G> BfcSTMR... DUTtVA
      53 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Lockheed expects lower second quarter earnings
      392 8 Reuter LOCKHEED Corp expects second quarter earnings to be below last year's US$lB.5 million or $1.33 a share, fully diluted. Chairman Roy Anderson said last year's second quarter operating income included an after tax gain of about $8 million from licence fees from Japan
      Reuter  -  392 words
    • Article, Illustration
      Jar dines sees strong growth
      1244 8 IN HJS chairman's statement for 1978, Mr D. K. Newbigging, chairman and sector managing director of Jardine, Matheson and Co. Ltd, reports that "1978 was a year in which we resolved a number of specific operating problems with these now behind us, we face the
      1,244 words
    • Article
      Ong Holdings' earnings better than expected
      218 8 ONG HOLDINGS (HK) LM aaaaaani that ewebdsted act profit after tax tor the grasp at UK *.11 mllltoa exceeded (Mr tincMt made at the ead at im whoa the empan waa lint Hated aader Ike aaaae at Oag Haldtagi (HK) Ltd. (It waa fanaeriy
      218 words
    • Article
      Lock icon TWO REASONS ACCOUNT FOR UPTURN AT SHELL
      167 8 Reuter THE ROYAL Dutch Shell Group said that its first quarter net income was higher because of the distorting effect of currency translations and the inventory appreciation reflecting the first-in-first-out method of inventory accounting used by most Shell companies. The effect of this
      Reuter  -  167 words
    • Article
      Lock icon AMC will raise May's output
      178 8 Reuter AMERICAN Motors Corp will raise car production 25 per cent this month following a rise of 22 per cent last month. AMC chairman Gerald Meyers gave no other details, but said the company plans to produce Renault cars in the early lStts. He added
      Reuter  -  178 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      532 8 Where to wine, dine and entertain Iri the Georgian Winv dftheCocbpit a splendid Period restaurant offering the choicest fare in the true British tradition Cockpit Solrl J i)rUoM lo rrturn In *M*>U f«t CABPAB* SPACtS where good tasie triumphshtm Beef Vfellingion Bmerfly Fillet anda wide choice of traditional dishes to
      532 words
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      Page 8 Advertisements Column 2
      6 8 Sm Pags 4 for Asian stocks
      6 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Little enthusiasm lor Euromarket controls
      600 9 Reuter RENEWED calls for controls on Euromarkets by imposing minimum reserve requirements on Eurodeposits and intensifying discussions on the subject are being treated with scepticism in Europe, Luxembourg Finance Minister Jacques Poos said. The US, some officials in the Bundesbank and the West German government
      Reuter  -  600 words
    • Article
      Recession threat looms
      511 9 A VOLATILE but basically stronger US government securities market was bolstered this week by a series of weak economic statistics. A downturn in industrial production and a modest increase in personal income in April were followed by news that the gross national product for the first quarter
      511 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        466 9 TRADING of the US dollar was seen mainly in the yen counter yesterday. Against major currencies, the dollar was moderately traded and, at the end of the day, the unit was slightly firmer. The US currency opened at 220.00/10 against the yen and was brought down to 219.00/10
        466 words
      • Article
        Tokyo
        224 9 THE TOKYO for overnight delivery closed at 219.30 yen, down from a 220,00 opening but sharply up from 217.20 at Friday's close. Trading was moderate, with volume US$642 million. The Bank of Japan sold an estimated $30 million to $40 million at levels around 220.00 yen in morning trading
        224 words
      • Article
        Asian $ rates
        150 9 Asian rates ASIAN currency deposit interbank rates as at close on May 21: USMbmSM) Offer Bid 7 days 10H 10 W 1 months 107/16 10 5/10 2 months 10H 10'-» 3 months 1011/*****/16 6 months 1015/16 10 13/16 9 months 10% 10*« 12 months 10 1V1610 13/16 SwM Dm UIJJ1-
        150 words
      • Article
        Discount
        46 9 RANGE of price* offered by discount bouses on May 21: Overnight 4H% Call deposits 4H% CVosiag Bayiac MBh 3 month Treasury bills 4H 4W 3 month Bank bills V* 7H 3 month CD 7 6% 6 month CD 73/16 71/16 Source: National Discount Co Ltd.
        46 words
      • Article
        MLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers js 8 per cent.
        21 words
      • Article
        Australia/NZ
        64 9 QUOTES on the Australia and New Zaai exchanges on May 21: AUSTRALIA: US dollar 1.1010/1.102 Sterling 0.5412/***** Ninety-day air mall buying rain: Sterling 0 5616 US dollar 1.14* Ninety day forward baying ram: Sterling 0.5461 US dollar 1.1112 NEW ZEALAND: Reaerve Bank midrate nap imw Trading Bank indication*' Sterling
        64 words
      • Article
        Hongkong
        123 9 THE US dollar yesterday traded below its early 220.00/30 yen high in moderately active late trading, following news of an increased Japanese trade deficit in the first 10 days of May, dealers said. The dollar slipped to 219.40/70 yen, but remained above its 219.30/40 close in New York on
        123 words
      • Article
        London
        135 9 THE DOLLAR yesterday 1 firmed at the opening on the back of higher oil prices and oil supply difficulties, while < sterling moved lower on 1 worsening inflation pros- 1 pects, dealers said. < Sterling opened 0.1 lower at 66.7 on its effective index, starting at U552.0435/40 against its
        135 words
      • Article
        Gold
        330 9 SINGAPORE gold futures yesterday closed generally firmer in quiet trading, dealers said. Opening quotations were marked up between US$2 to $2.80 -and thereafter held steady during the morning's trading. The market rose further in the afternoon in line with the firmer Hongkong market, they said. Turnover was reduced to
        330 words
    • Article
      Lock icon KL bank assets rose 3 pc in December
      127 9 Reuter TOTAL assets/liabilities of commercial banks la Malaysia rose 3.15 per cent to Mslt.lf bUltea at end-Decem-ber 1978 (ram $18.54 billion at end-Novem-ber, and compared with $11.19 billion at end-December 1977, Bank Negara Malaysia said. Tstal deposits held by haahs rase to
      Reuter  -  127 words
    • Article
      Lock icon Malaysian M1 rises to $7.3b
      58 9 Reuter MALAYSIAN narrowly defined Ml money supply rose to MJ7.24 billion at endDecember 1978 from $6.92 billion at end-November and compared with $6.13 billion in end-December 1977, Bank Negara Malaysia said. The December figure was 4.72 per cent higher than that in November and 18.2
      Reuter  -  58 words
    • Article
      Lock icon More powers for Bank of China
      616 9 INTERNATIONAL ROLE AFP CHINA is restructuring its banking system to cope with the growing demands of its modernisation programme. The first major change has been in the status of the Bank of China which used to be under the People's Bank of China but
      AFP  -  616 words
    • Article
      Lock icon DREDSNER REJECTS CHARGE
      115 9 Reuter DRESDNER Batik AG strongly rejects the charge that German banks coordinated action in adjusting interest rates to changed market conditions last month, managing board spokesman Hans Friderichs said. He told the annual meeting the bank is autonomous in its decisions and actions, besides following Bundesbank regulations
      Reuter  -  115 words
    • Article
      Midland's dividend
      75 9 THE board of directors of Marine Midland Banks, Inc declared a quarterly cash dividend at the regular rate of US2O cents a common share, payable on July 2 to holders of record on June 1. A quarterly dividend of $1,375 was declared on the 15.50 convertible preferred stock,
      75 words
    • Article
      Lock icon DEUTSCHE BANK'S N.Y. DEBUT A CURTAIN RAISER
      1027 9 NYT THE DEUTSCHE Bank, the largest non-American bank in the world, has opened its doors in New York's West 57th Street and, armed with some distinct advantages, it is expected to be a formidable competitor (or its American counterparts. Regarded by some as
      NYT  -  1,027 words
    • Article
      Lock icon Swiss banks to raise medium term rates
      223 9 Reuter Banks in Switzerland were to have raised the interest rates on their new-medium term notes (Kassenobligationen) by 0.25 to 0.5 percentage points yesterday. Disclosing this, a spokesman for the Swiss National Bank said the large banks the cantonal and foreign banks in
      Reuter  -  223 words
    • Article
      UK TAP STOCK LIKELY
      129 9 BRITISH government bond dealers generally expect a new tap issue of stock to be announced some time before the UK budget statement on June 12. Overall, dealers 4nd analysts expect the market to trade within narrow limits ahead of June 12. A number of indicators, including
      129 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      184 9 Credit Suisse First Boston (Asia) Limited 2502 DBS BUILDING, 6 SHENTON WAY SINGAPORE 1. DEALERS ASIAN DOLLAR BONDS ASIAN DOLLAR CERTIFICATES OF DEPOSIT FLOATING RATE NOTES CALL: DEALERS TEL *****44 TELEX: R*****1 MEMBER OF CREDIT SUISSE-FIRST BOSTON GROUP OF COMPANIESINTERNATIONAL SECURITIES DEALERS rjninu Study with the MSB' UNIVERSITY PREPARATORY SCHOOL
      184 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1582 10 felD and offer price* officially Silted and business In and reported to the Stock Exchange «f Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units «nless otherwise specified. All Time Settlement Contracts %re quoted after the word "sett". Big Board deal
      1,582 words
    • Article
      Government bonds
      149 10 4 1/1% 1/8/80 (250.000) (***** 90.445) 4 3/4% 15/9/80 (250.000) (***** 99.*****) 5 3/4% 1/8/78*80 (250,000) (100.708 *****8) 8 1/*% 1/5/79-81 (250.000) (IXJOB 100.458) 5 1/4% l/S/81 (250.000) (100.058 100.158) 5% 15/4/81 (250,000) (99.508 99.858) 5% T F 1/5/83 (250,000) (100.068 100.158) 7% 16/4/85 (250,000) (100 JOB 100.906)
      149 words
  • Article
    Unit trusts
    148 10 nngafobe unit nun (HiMBin' friw The Commerce 117 jftrrl The Saving Fund 1.40 1.48 S pore Prog Fund 101 1.07 S'pore Sec. Fund 1.87 1.M S pore Invert Fund 1 Jl 1.44 S'pore Equity Fund 1.00 1 OS INCOME BOND UNIT (Chilli prteas) Income Bond 1.10 LI* MAILA
    148 words
  • Article
    SHARE INFORMATION SERVICE
    2709 10 Gr's Gr*s Net 1979 Company Last Div Div YTd P/E Vol Dav High Low Sale +or- Crr COOO) High Low SECTION ONE INDUSTRIAL A COMMERCIAL 261 207 Aetna 257cd -1 HON 13 4.6 27.9 13 259 257 190* 123* Alcom 182cd 10.0 22 5.4 243 142 no
    2,709 words
  • Article
    In Kuala Lumpur
    1666 10 J BID and offer price* officially listed and business in and reported to the "J Kuala Lumpur Stock Exchange yesterday with the number of share* traded shown in brackets in lots of 1.000 units unless otherwise specified MKMRIALB j Acas (2.568 2.705) cd I IJsimili (1758 3.005)
    1,666 words
  • Article, Illustration
    Shares show underlying strength
    650 10 SHAKES eeatlaaed to skew aiaHylag atreagth filet aad selective tradlag m toe Stock Exehaage sf Sisgapsre yea> tontoy. Seattmeat was strsagest dartog the Bnlkv wkea speculators aad iavesters weat akaat separatiag toe ckaff frem toe grata. Mart sf toe kettor-qaallty stacks flalsked generally akeve tkelr prevtoas
    650 words
  • Article
    Kuala Lumpur slightly steadier
    610 10 THE plantation counters yesterday again led the Kuala Lumpur stock market to a slightly steadier close under generally mixed conditions. Opening levels were higher after the weekend break, but after some erratic deals, prices began to dip towards the noon close. There was some recovery in
    610 words
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  • COMPANY NEWS
    • Article, Illustration
      ROSY OUTLOOK FOR KING'S
      630 11  -  By CHAN BONG SOO WITH another 144 rooms expected to be ready for business by the end of this year, King's Hotel is confidently looking to a brighter future. But for the current year, shareholders will have to be satisfied if the company just maintains its
      630 words
    • Article
      DIVIDENDS ANNOUNCED
      772 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Bata (M) 14% Apr 19 May 2 May 25 20% 125% Dunlop Est' 20%{h) Apr 18 Apr 30 May 25 32% 30% I C B I0%(b) May 11 May 18 May 25
      772 words
    • Article
      SCRIP ISSUE
      152 11 Company Particalara Ex Date Books Close Bovia SEA Utd Plant our Oiympia Orieaial Hides Mai Flour Rights Issue of 3 for 5 $1.00 per share Bonus Issue of 1 for 4 Bonus Issue of 1 for 0 Rights Issue of l for 6 fe $2.00 per share Bonus
      152 words
    • Article, Illustration
      Acma achieves 60pc profit jump
      534 11  -  HIGHER DIVIDEND PROPOSED By OUR REPORTER ACMA Electrical Industries has accelerated its unbroken run of steady earnings growth since 1968 with a 60 per cent upturn in pre-tax profit last year. The year-end results show that this manufacturer of refrigerators, air-condition-ers and electrical appliances is
      534 words
    • Article
      Earnings soar at Paper Products (M)
      650 11 PAPER Products (Malaysia), one of the largest integrated manufacturers of paper, board boxes and other paper products in Malaysia, chalked up a substantial profit improvement last year. At MJ3.655 million, the group's pre-tax profit represents a 90 per cent jump over the 11.92 million
      650 words
    • Article
      Higher demand lifts MWE Holdings
      374 11 MWE HOLDINGS, formerly known as Malaysia Weaving Enterprise, has reported sharply higher earnings as a result of a strong turnaround at its spinning subsidiary and a substantial improvement in its weaving operations. Group pre-tax profit for the year ended Dec 31, 1978, showed a more
      374 words
    • Article
      COMPANY MEETINGS
      131 11 UNITED Motor Works (M) Hldga Bfcd: AGM to be held at Jalan Utas, Batu Tiga Industrial Estate, Shah Alam, Selangor tomorrow at 10.30am. Bate (M) BM: AGM to be held at the Board Room of the Malaysian Industrial t)evelopmnt Finance, 14th Floor, Bangunan MIDF, 15A, Jalan Pefcelilingm, Kuala
      131 words
    • Article, Illustration
      Lock icon Outlook for hotels
      501 11 ssoecu, HOCK LOCK SIEW THE Apelle mangemnt la qaietly eMfl. deaf at the CMnpaay's gnwtb prwpects to the leager term. Tbat meed, to aa extoat, reflects the geaeral DMd to the hetoi ladastry. I*«l hsteMen that we have spskea to all seen well aware at the ImyhritliM
      HOCK LOCK SIEW  -  501 words
    • LATEST RESULTS
      • Article
        SETRON LTD:
        164 11 Audited group pre-tax profit of 15.435 million (19T7: $4,188 million) for the year ended Dec 31, 1978. The net profit after deducting taxation of $1.51 million ($1.64 million) and minority interests of $964,000 ($736,000) was $2.96 million ($l.Bl million). The directors have recommended a first and final dividend
        164 words
      • Article
        KHONG GUAN HOLDINGS MALAYSIA:
        35 11 Group pre-tax profit of $2.92 million (previously $2.52 million) for the year to Dec 31, 1978. ProPosed first and final dividend of 15 per cent less tax (1977: 12 per cent).
        35 words
      • Article
        PACIFIC DEVELOPMENT CREDIT:
        38 11 Group pre-tax profit of $1.81 million for the year ended Dec 31, 1978 (1977: $340,385). The net loss after taxation, minority interests and extraordinary items was $673,818 against a loss of $1.19 million for 1977.
        38 words
      • Article
        ELECTRICAL AND ALLIED INDUSTRIES:
        57 11 Pre-tax profit of $1.12 million for the year ended March 31, 1978. (1977: loss $192,648). Turnover was $9.79 million ($11.89 million). Proposed final dividend of 10 per cent tax exempt. The company said the profit includes $1.60 million received as consequential loss insurance arising from the
        57 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      482 11 youU»*»2!S BOOKS ABOUT ASIA The region has always been a focus of world attention, but at the same time, there is a great deal of ignorance about the region as a whole, primarily because of the cultural, political, historical and other differences that exist amongst its member nations. The Asia
      482 words
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  • Article
    Lock icon Setting up a blockade
    386 12 UPI INDEPENDENT oil tanker owners launched a campaign on Monday to block proposals to give a greater share of the world's shipping business to Third World countries. Sir Pao Yue-Kong, reputedly owner of the world's largest independent merchant fleet, called a news conference in Hongkong yesterday
    UPI  -  386 words
  • Article, Illustration
    Times to reach out to Oman
    203 12 TIMES Publishing Bhd will be going into a joint-ven-ture with an Arab printing company, Mazoon Press. This will be the first Singapore joint-venture with an Oman printing company. A formal agreement is to be signed on Aug 31, when Times Organisation would have acquired
    203 words
  • Article
    $660-m mark
    24 12 FOREIGN investment in Taiwan is expected to reach a record US$3OO million (Ss66o million) in calendar 1979 against $212.93 million last year.
    24 words
  • Article
    Lock icon Developing nations come under lire
    652 12 AFP DEVELOPING countries were attacked yesterday for "frenziedly" imitating the developed nations in the production of consumer goods. Raul Prebiseh, the first secretary-general of the United Nations Conference on Trade and Development (Unctad), told delegates to Unctad Five in Manila that many countries have "lost
    AFP  -  652 words
  • Article, Illustration
    Lock icon MAKING NO BONES ABOUT THOSE NUCLEAR PLANTS
    45 12 YOUTHS wearing skeleton costumes marching through Rome streets last Saturday in protest against nneiear plants. Their sign says "No to nnclear plants. The dead of tomorrow asks those living today not to die." UPI Photo Source: UPI photo
    Source: UPI photo  -  45 words
  • Article
    LONDON STOCKS
    835 12 LONDON, Mon. Share prices closed quietly lower today, reflecting nervousness ahead of the UK Budget next month, dealers said. At 3 p.m., the Financial Times index was down 12.4 points at 509.8. Government bonds were as much as point down in longdated issues. Mining shares, firmed with the
    835 words
  • Article
    KL's short cut to developed status
    151 12 MALAYSIA could become a "developed" nation in a short period if only the people could forget their feelings of dissatisfaction and work for the nation, its Deputy Prime Minister, Datuk Seri Dr Mahathir Mohamad, said in Johore Baru. He added that there was nothing
    151 words
  • Article, Illustration
    Lock icon Vietnam acts to cut off Khmer Rouge hideout
    366 12 AFP A TOTAL af It Vietnamese dlvMaas has been deplayed alaag the TKaJ Kampaeheaa harder la aa aperattaa aimed at eattiag .ff the CartoM Maaatalaa la aaatb-weat-era lampaehea, a reliable —i la Uaagkak reported yesterday. Leaders af the aasted deaawntk Kampaeheaa gaverameat,
    AFP; Source: UPI  -  366 words
  • Article
    Lock icon Batam suitors want terms to be less taxing
    349 12 AP FOREIGN bankers who visited the Indonesian industrial island of Batam have urged tax holidays for foreign investors, lower taxes than in Singapore, better treatment for foreign contractors and a sufficient supply of drinking water. But, State Minister for Research B.J. Habibie
    AP  -  349 words
  • Article
    Lock icon Easier for oil products
    264 12 Reuter THE JAPANESE government has decided to encourage dealers' imports of oil products such as naphtha and heavy oil at reasonable price levels in order to cope with the recent sharp increase in crude prices on the spot market. Informed sources in Tokyo yesterday said that
    Reuter  -  264 words
  • Article
    Lock icon Japan's trade deficit
    131 12 Reuter JAPAN'S customs clearance trade deficit in the first 10 days of May widened to U*****.64 million from $358.84 million in the same April period. This compared with a surplus of $138.29 million in the same 10 days last year. F. 0.8. exports in the first 10
    Reuter  -  131 words
  • Article
    Lock icon S. Korea expects a lower growth rate this year
    225 12 UPI SEOUL'S tight monetary policy, unclear export markets and low investment in construction are expected to constrict the South Korean economy this year. According to a study released yesterday by the Korea Development Institute (KDI), a government economic think-tank, Korea's economic
    UPI  -  225 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      220 12 THE INTERNATIONAL LAUNDRY, DRYCLEANING AND FABRIC CARE EXHIBITION. 30 JAN. 2 FEB. 1980. WORLD TRAOE CENTRE, SINGAPORE. The last few years have seen a sudden upsurge in the demand tor more efficient and sophisticated laundry and drycleanmg services in ASEAN, brought about by rapid industrial and social development The offshore
      220 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      61 12 Outlook for Singapore from 6 a.m. to 1 p.m. today .Scattered showers in early morning. Report for 24 hours prior to 7JI p.m. m May 22 the airport. Maximum temperature 32.7 Associated humidity 68, Minimum temperature 26.1 Associated humidity 97 Hours of sunshine 5.65 Rainfall in millimetres Nil Total rainfall
      61 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        New chairman for SSA
        106 13 THE SINGAPORE Shipping Association (SSA) has elected Mr Y.C. Chang, managing director of Pacific International Lines, as its new chairman and Madam Dolly Seah, managing director of Lian Soon Shipping, as its deputy chairman. Other officials elected at an executive committee meeting on May 17 were
        106 words
      • Article
        Lock icon Shipbuilding enquiries
        78 13 Reuter ENQUIRIES for building new ships so far this year exceed the total of the last three years, according to London shipbrokers Eggar Forrester. New shipbuilding has become a reasonable alternative in some sectors of the market, the firm said. The time-charter market continues to be very strong,
        Reuter  -  78 words
      • Article
        Lock icon Merchant fleet
        54 13 AFP THE privately-owned US merchant fleet totalled 749 vessels (22,500,000 deadweight tons) last April 1, six ships and 1,800,000 tonnes more than a year earlier, official statistics showed recently. The Department of Commerce, which published the figures, said that, on the same date, 706 vessels (21,800,000 deadweight tons)
        AFP  -  54 words
    • Article
      Seaborne trade dips in March
      452 13  -  By GOH ENG KEE SINGAPORE'S seaborne trade in March this year declined slightly, slipping by about 7 per cent to 5.86 million freight tonnes from 6.29 million tonnes in March 1978. Latest figures from the Department of Statistics showed, however, the total volume of seaborne
      452 words
    • Article
      Lock icon A smaller shipping surplus
      194 13 Lloyd's List CURRENT surplus shipping capacity may be mack mailer thai It seems say M to M mll--11 on to—es dw rather than 13# milllM, Mr Mariia gtophri, depaty head of corporate piiariig far British ShiphalMers, told a caafcrcaee sf part aad shipping lad utiles held
      Lloyd's List  -  194 words
    • Article
      Lock icon An active tanker market expected during summer
      403 13 Reuter A STEADY and active tanker market is expected during the summer season as major charterers and others try to build up current depleted oil stocks in order to cushion the effects of worldwide supply problems likely next winter. London shipbroker Galbraith Wrightson
      Reuter  -  403 words
    • Article
      Lock icon WORLD RECORD OF SHIPS SCRAPPED
      202 13 AFP A RECORD number of ships was scrapped throughout the world during the third quarter of last year, Lloyd's Register of Shipping reported last week. The total, 257, eclipsed the previous peak of 246 in the second quarter, but the tonnage demolished was substantially less
      AFP  -  202 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2981 17 BCHEDIILE 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
      2,981 words
    • Article
      INDEX
      482 17 Sfcipplag Um Page Cat ACS n 5 Afea IV 3 Alpac IV 5 Angkutan IV 4 ANL I 1 APL m 2 Armada V 3 Arya Nat n 5 Atlas V 3 ASCL m 5 Aust.Cont IV 5 Bank n 5 Banner V 2 Batam V 4 BBS n
      482 words
    • Article
      Container Schedules
      988 18 r RECEIVING OF EXPORT FCL CONTAINERS 1 AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/Agent! and is subject to change i (2) All export FCL containers and LCL cargo must be delivered to the Authority's! premises
      988 words
    • Article, Illustration
      Too many trimmings in parcel tankers, charge
      1285 18 IN A FORTHRIGHT attack, a Dutch statistician has slammed chemical tanker owners and charters for encouraging an unnecessary degree of sophistication and complication in the construction and operation of chemical parcel tankers to a point where such sophistication becomes a "productivity deteriorating factor."
      1,285 words
    • Article
      Lock icon Bid to revise Code of Conduct
      272 18 Reuter LATIN America* ddpmm tove made bte appeal fer htMw af Me af Cniaet to ge vera eeeaa User wfcfMßM wklek eury aknt 2t per eeat af mrM freight, at the Uactad emfCreaee la MaaQa. Ike presideat af the Latfr Amerleaa Shipewaers' Aaaariatlaa (Alamar),
      Reuter  -  272 words
    • Article
      Lock icon MARITIME BILL TO CONTROL FOREIGN CARRIERS
      161 18 Reuter US MARITIME law enforcement does not reach foreign carriers and indirectly provides an Incentive to foreign rebating, the chairman o( the board of the largest US container ship operator said. Mr Charles Hiltzheimer of Sea Land Service Inc. testified before the House merchant
      Reuter  -  161 words
    • Article
      Intermodal's jet slingers
      332 18 INTERMODAL Transport Sdn Bhd., an associate company of a shipping agency firm in Singapore, Intermodal Transport Pte Ltd., has set up bulk handling facilities for palm kernel expellers at the Port of Pasir Gudang, Johore. The Malaysian company has leased 2,781 square metres of godown space within
      332 words
    • Article, Illustration
      SHIPS IN PORT
      347 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Gelang (1500) 19 Perils (0600) 21 East Pitria Star (1530 tide) 27/ 28 Kii Maru (JMZH) (0700 must sail not later than 1830/ 24th after Alameda) 8/9 Rantau (Tanker) (after Dove subj.gas tree P/O) 13/14 Sea Tide (0530 after Frotabeira) 44
      347 words
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      Page 13 Advertisements Column 1
      425 13 m HONG KONG ISLANDS UNE IWERS£RVCE FOR FAR EAST MIDOLE EAST ft AFRICA TAIWAN ft HONG KONG AUSTRALIA See Page IV Column 3 for Sailings Agents SINGAPORE SHIPPING AGENCIES PTE LTD MARKETING *****2 GENERAL *****1 A Vm EURO ASIA LINE SON BHO K L ***** 7 P KL ANG *****1/3
      425 words
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      Page 13 Advertisements Column 2
      186 13 SEALORD ANTAH Bv UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity. Long Length Capability ARABIAN GULF WEEKLY SERVICE! Vessel QAXOUH RED SEA DIRECT SERVICE Vessel S pore Loading for 1 SEM.ORD SHTPM6 AGENCES (Ret No. *****5/OOC) 3RO FLOOR MARVM HOUSE SWUPORf
      186 words
    • Advertisement
      Page 13 Advertisements Column 3
      297 13 ■NOL NEPTUNE ORIENT UNES LTD SS BMOGt C CONTAMR n coral C PAU n nun. c nut i«awoN m CONTMKR f SS BDOGI Spore Ctosni In (Mr 13 Mr Hjtre R djm 11 ton 12 ton 17 Jam II hoi 26 ton V Kif 2My 3Mi 9 hit? 10 My
      297 words
    • Advertisement
      Page 13 Advertisements Column 4
      671 13 u Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. "unflpnrr Sl7ll 1 1 .Vl/.VV 'i ?oSfc i] I» 1 *****1 *****9 *****4 "•< gMu o.gtl t. J P* 316/83 CfS *****8 *****8 MAERSK LINE Plata Horth MUll Mitotic let I USD PUT OKCT NKKIT i
      671 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      861 14 rHapag*Lloyd| FULLY COMTAMERISCD TO EUROPE Hmtet Itams 24/5 15/6 17/6 18/6 20/6 Bream Express 30/5 19/6 21/6 22/6 24/6 Kowtoenßay 30/5 23/6 21/6 24/6 Hengkeng Eiprtss 4/6 6/6 24/6 26/6 27/6 29/6 (aim Maru 8/6 27/6 29/6 30/6 3/7 Tain Bar 12/6 14/6 4/7 6/7 7/7 Carfgan Bar 23/6 24/6
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      Page 14 Advertisements Column 2
      414 14 BBS ek borber blue seo From: US ATLANTIC US GULF I EAST CANADA bM M*2s Ihy 23 «»T 21 M* 27 Mt3 Iky a *>« May 31 toiS ■ggMj rS > IMS Jml M 4 Ml M M 4 Mil U It Hi iPllj frtrrrj s WW F^TfTTi £2 km
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      Page 14 Advertisements Column 3
      543 14 r EVERGREEN LINE FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTMG CARGO FOR HAMBURG. FELIXSTOWE. ROTTERDAM. ANTWERP. LE HAVRE ALSO ACCEPTING CARGO FOR: UMTEDKMGOOM SOUTHAMPTON, LONOON MANCHESTER. BIRMMGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY Bunmronr HOLLAND AMSTIROAJyi S'pwt Hjwburj Fifailm IMtartei X— f Ll H»wt (w Voyaf« 30 Ma? 20
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      Page 14 Advertisements Column 4
      883 14 Everett Lines/ t I m Burma Fivi Star Shipping Corpn. "BURMESE NATIONAL LINE' IOAOMC FOR MNGOON PPW3O2/23 May B F SS C Agents m Moloysra TEPS MALAYSIA Port Kelortg Tel (381-7355 Peoong Tel *****/***** r Compania Argantina Da /Tim 1»1 Wayacion Intarcontinantal S. A. C.I. F. 9 Mavapacion Intarcontinantal S.
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      Page 14 Advertisements Column 5
      609 14 TSXO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHENTON WAY MISTRI ROAD SINGAPORE 2 TEL *****44 7 *****70 as SANKYO LINE AUSTRALIA SERVICE P. Kelang Singapore Loxfinf far MPwt Sated FREM. ADEL. MEL 25/26 May 27/2S May SYD 14/16 Jim 17/11 Am SfD, DEL. AOCI
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      Page 15 Advertisements Column 1
      675 15 Overseas M B1 B Containers Limited Weekly service taffrom UK/Europe To UK/Continent Smgapare ManatMd Cinttww Strom Pk Ltd *****1 K Lumpur Contamar A9*news Sdn BM *****4 P Kakng Container Agencies Sdn BM. *****6/S Pmang Bouskad Stopping Agencies Sdn Bhd *****1/3 Australia Straits Container Line (A member of ANRO) Ro-Ro Container
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      Page 15 Advertisements Column 2
      931 15 GRANARD LINE «ELJABLE ft DEPENDABLE NON-CONFERENCE EIPRESS SERVICE NEST BOUO-fNt EAST/MEDITERRAICAN wiu«x> S?SL fmm ■®J* ».2»w 24 Mar MM/ Ml MM MNE M7W 12 Mi 15 km MV MAN FUNS 12M 12 M *u vessels icarrm cortwr cmcc W«/P Sad/ Atoandna Beirut Littalua Pireaus/Tripo*/Benghazi Mdah/P Sad/Meiwdrii 6anrt/laassol/l.attiliia/ P"e»us Benghazi/Tripoli MMi/P
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      Page 15 Advertisements Column 3
      649 15 BEN LINE CONTAINERS EXPRESS CONTAMER SERVICE TO/FROM EUROPE TO MOT Spore P Ma* W Germany Austna Antwerp France MUD Hamburi Eipress 24/5 14/6 16/6 17/ C 70/6 21/1 Bremen Eipress 30/5 19/6 21/6 22/6 24/6 17/1 Koatoon Bay 30/5 23/« 21/6 (24/6) U/l Hoflftonc express 4/6 6/6 24/6 26/6 27/6
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      592 15 T Scan Dutch 9 WEEKLY EXPR p I«] 11: i »ii t,i7.u .7i»l V< V.V;'.] i; rV7I T: •XlillAlAilZMZl? 'JitTWTTaEftn Ml! FV »r» 12/ C 11/4 1) itofp. SteMwte. oa* hmmm 2) r farti 3) B>—. I 1 4) Mm taatvtaa. W Sarafan. (mm. fa*. IHm. Ml D itn* accept*
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      Page 15 Advertisements Column 5
      513 15 r BOUSTEAD SH,PPING AGENCIES THE BANK LINE LTD. LYKES ORIENT LINE U.S. GULF COAST SERVICE (New (Means, Mobie, Houston, Galveston) Smfapore P KManc Penai* US GuN RUTH LYKES («sdilMa<fe)_ 29/30 May 20 M VELMA LYKES (loads) 16/17 to 27 M U.S. WEST COAST SERVICE Honolulu, San Francisco, Portland, Vancouver 8.C.,
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      997 16 K line KAWASAKI KISEN KAISHA. LTD. EUROPE EXPRESS SERVICf SS BRIDGE ?1W C CONTAINER 1* N CORAL 13W C PAUL 16W N PEARL ISW TO EUROPE P Keiang L Havre ft'dam 26 11 Jun 12 Jun 1 )un j; |g 10 ton 26 ;un 27 ton 16 ton 2 July
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      Page 16 Advertisements Column 2
      684 16 U.S.A./EAST CANADA SERVICE NCCEPIBB FCt/LCL contmbb from penmc. p. kojuk. store Im*| tar HEW TOW. WW OIK taunt Btlawan P Want Seaport E C./GREAT LUES SERVICE UMHK rat mt TCM. mrau. WMIWL lOMMTO Ptnan| BcUam P Ktlant Support "MSMMaOAV" 1/2 Am a/11 lb* a/a Itay WM* Ttr 2*/ a Am
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      Page 16 Advertisements Column 3
      476 16 M A R K. E TEItX »roni> SINGAPORE SHIPPING AGENCIES PTE LTD 20 T M FLOO« OC fAN BUIIONG SINGAPO«E 1 TING 9"122 (3 UNESI GENERAL *****1 114 l. INE S> «S 2459S RS ***** A B CABSMiP CAOIE CARGOSMIP SINGAPORE ISLASDS LOSE 4tii.i,iiihiuj,i wuum i.»nuu,k MIPDI t HAST RtdL'LAR
      476 words
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      Page 16 Advertisements Column 4
      706 16 W 'DM3 MALAYSIAN INTtRNATIONAI SHIPPING CORPORATION BfRHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA 1) Barcelona. Genoa. 2) Amsterdam, Antwerp. L Ha»re Bdbao Bask. UK. 3) Bremen. Bremenhaven. Aartwv Copenhafen HetsmAi 4) Matmo. Stockholm Oslo •Accepting wrope cargo lor toeder na S pore 1) G'buri 2) H'b«r| 3) B »en 4)
      706 words
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      Page 16 Advertisements Column 5
      651 16 f INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****1 V *****57 REGUItt RCEPENDENT SERB/FULI CONTAME R SERVICE TO EUROPE S pore t Mam Ptnj*> LmAv hr ranwus ma <c«* ft*) iab Round*. 78 Ab, Aim (UK) A verp Tilbury «f*s:»mm MIRASA (Fit) LVD 2352(11 MOUK 234M47
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      90 17 CELTIC BULK CARRIERS Trucontainer Express Int'l (S) Pte Ltd Sort# 1311, Show Towers, Bcoch Rood, Singapore 7. T•(: *****81 (3 lines) TjjlL^J-ZaL Accepting FCL/LCL Cargo for: CEYLON SWUNG CORPORATION LOAONG FOB COLOMBO ETA Sport PR LANKA SAGARIM 28 May Sport Neptune Afenciei (Pte) Ltd *****11 Pttafe« laya Han* Mra Sdn
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      Page 17 Advertisements Column 2
      236 17 n» no rxk» jo "SLMMT MTWK" 23-5-71 24-5-79 MCMTt NX "OfWT *T»- FORT 24-5-79 MUMfMLJ HV. "OBTMM" 54-79 14-79 HIINPM! CAST MLAYSM SMS HI "ffTAMUMMUr «raVT 23-V79 INK SML RMTANC m "t*t uet ran 244-79 mow. sou. same M.V. HOC' 27-5-7? 2V5-7* DOME. SOU. SACKS H.V. "UM MMM" 4-4-79 M-79
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      Page 17 Advertisements Column 3
      202 17 ARMADA SHIPPING APS LONXNG FOR NOKFOIK/MSCAGOUU SINGAPORE PORT KELANG PENANG "SEA TDC" GOft 44/24 May 25/26 MAY 27/21 MAT GENERAL AGENTS: EVERETT STEAMSMP CORPORATION S/A CMtartCa** X luck »nl to* 1 bci* U M kn 34/143 OCJ.C M* Id. JS4II/J Id. *7721/1 Id *****/3 r NORIENT LINE Europe/Far East Ro-Ro
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      Page 17 Advertisements Column 4
      108 17 l>g IiTTTTiTTr .LIAN HUAT SHIPPING CO,(PTE.)ITO. k mtomtiomi run. urn fio» sun i3H/ua ifm i ins awsn/awwi no DOTMTUR V M»i hkMlh* 31 kT UNION OCEAN SHIPPING (PTE) LTD TEL: *****60 *****94 ETA ETD LOAOMG F( .h P«( 26 Mir 21 May 31 May Chittagong NAVITRADE GROUP TEL: *****14/5 REGULAR
      108 words
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      73 18 Now calling on fixed days every week. Now Scan Dutch container- I In Singapore, ships sail every week from loading every Tuesday each port of call on the route between Europe and the Far East. Arrival and departure on fixed days. discharging every Wednesday with weekly feeder services to/ from
      73 words