The Business Times, 23 May 1979
1979-05-23
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The Business Times
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Title Section11 1979-05-23 1 BUSINESS TIMES M.C.(P) No. 144/1/79 WEDNESDAY, MAY ZZ, 1979 50 CENTS11 words
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BRIEFLY...
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Article52 1979-05-23 1 JAKARTA, Tues. The Indonesian offer of an island as a transit centre for Vietnamese refugees was accepted by an international conference on refugees here last week and according to Indonesian Foreign Minister Mochtar Kusumaatmadja, the United States and Japan agreed to provide substantial financial aid to build52 words
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Article51 1979-05-23 1 AP ATHENS, Tues. Greece will become the tenth member of the European Economic Community next Monday. French President Valery Giscard d'Estaing, five other European premiers, and the foreign ministers of all the EEC countries will be on hand for the ceremony admitting the organisation's first Balkan country.AP - 51 words
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Article51 1979-05-23 1 Reuter BAHRAIN, Tues. Saudi Arabian Petroleum Minister Ahmed Zaki Yamani told the Saudi Cabinet moderation is needed in trying to restore oil price stability, the official Saudi press agency said. Sheikh Yamani was reporting to the Cabinet last night on how Saudi Arabia could help stop price fluctuations.Reuter - 51 words
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Article71 1979-05-23 1 Reuter PARIS, Tues. The main oil-consuming nations today resolved to make every effort to cut their use of oil and develop alternative energy sources to meet rising prices and growing scarcity. A communique issued after a two-day ministerial meeting of the International Energy Agency (lEA) said immediate andReuter - 71 words
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Article55 1979-05-23 1 KUALA LUMPUR, Tues. Malaysian Deputy Prime Minister Datuk Seri Dr Mahathir Mohamad today denied reports of acute labour shortage in Johore due to heavy exodus of Malaysians to Singapore. He said as a result of a decline in the building industry in Singapore, there was now a55 words
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Article58 1979-05-23 1 Reuter PEKING, Tues. China and Vietnam today agreed that their next exchange of prisoners of war would be on May 28. The New China News Agency reported tonight that China would free 118 sick and wounded prisoners and Vietnam would release 20 Chinese taken in the month-longReuter - 58 words
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Article56 1979-05-23 1 AP TOKYO, Tues. The US dollar declined slightly against the Japanese yen today for the first time in five days in what dealers called dull trading. The dollar closed at 218.775 yen, down from 219.275 on Monday, when it jumped more than two yen, but well above theAP - 56 words
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Article51 1979-05-23 1 AP NEW YORK, Tues. The stock market was mixed this morning amid new concern over the energy outlook. The Dow Jones average of 30 industrials dropped 1.99 to 840.44 in the first half hour. But gainers took a slight lead over losers among New York Stock Exchange-listed issues.AP - 51 words
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Chief Price Changes
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Article137 1979-05-23 1 Rises Indices George Kent Taaek Cement B Sembawaag A Enterprise* M Banking Goodwood Park Hume V E VAC Y H S Kulim Msia Oak Yung Spore Land Bolton PMC K L Kepong 316 374 374 364 710 510 215 464 448 209 124 205 185 374 332 130 34137 words
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Article, Illustration141 1979-05-23 1 Rises Indices Taiping Con 430 Bt. Semb 380 Duff 300 KG Hold 182 S Land 210 G Ropel 310 Chin Teck 330 Kempas 520 20 16 15 12 12 12 10 10 B.T. Index: Industrials: Finance: Hotels: Properties: Tins: rubbers: May 21 May 22 3348.25 3380.10 432.85 432.44141 words
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Article704 1979-05-23 1 QUEK PECK LIM - FEE TO BE TAX DEDUCTIBLE By QUEK PECK LIM Financial Correspondent THE GOVERNMENT may be on the verge of spelling out a new set of incentives to make Singapore a centre for the management of investment funds. A ministerial statement spelling out concessions for investment704 words
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225 1979-05-23 1 ASEAN may consider a joint diplomatic approach towards Hanoi in connection with the reported deployment of 10 Vietnamese divisions along the ThaiKampuchean border, a senior Asean official said in Jakarta yesterday. Asean members cannot remain idle when one of them is in trouble, the225 words
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Article, Illustration518 1979-05-23 1 COLIN CHEE - By COLIN CHEE RUBBER prices soared to touch the 900 cents a kilo mark yesterday as speculative and commercial buying pushed the market up to new year-long highs. During the morning session, June RSS One Buyers was quoted at 297.75 cents per kilo, up518 words
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289 1979-05-23 1 AFTER mare thaa a week ef releatleas climbiag, the geld price yesterday wu cheeked at the UBS2SS u •once level. New Yerk ted cleeed the prevtoas day at the metal's historic high ef USS2M.M aa eaaee. Far East prfeea had then epeaed at289 words
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470 1979-05-23 1 CHARLES CHAN - By CHARLES CHAN in Manila A MALAYSIAN prophecy about the true intention of the developed countries to make use of the multilateral trade negotiations to perpetuate protectionism for their own benefit— appears to be coming true. This warning, made during the470 words
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Page 1 Advertisements
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Advertisement37 1979-05-23 1 whatever you need in menswear,get it at... MOHAN'S DEPT. STORE (PTE) LTD. 321, Orchard Road "W *****22 (next to Mandarin Hotel) Branch: 101,TangiinShopping Cantr« W *****49 Daily: 9am-9Pm SEE PAGE 5 SEE PAGE 5 SEE BACK PAGE37 words
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Advertisement51 1979-05-23 1 lynx Predators Top cats on the prowl... green after green Ivnx >M Predators Investment Cast Woods and Irons definitely is your club. Available from leadmq spc?'. and pro shop-, nAIM-WEST (PTE) LTO. PIA24SIMGAPUB* Jrfl Fioo. Och»d T#l 32IMM WC BUILCXNC SHOP I M Lorn*r G'Oixv) Floor srwmon It *****1 451 words
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Advertisement76 1979-05-23 1 Leader Page I SHIPPING TIMES WHY the pttr trade with Cm2 BID U held PATA talks hen in the ba1ance............................... 2 NEW Malaysia! exporters' regi5ter..................................... 3 BARTERING: 2tth Century multi-million business I JAPANESE "tr&detions" or traditi0n5?................................ 7 IBS biases a profit trail THE offspring of the f Mir-way Bariew merger.........................76 words
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Advertisement178 1979-05-23 1 AvtitAUi ll fIM iMding goNcanMnAdapt new Sot* Agam* ROYAL SPORTING HOUSE PTE LTD 201 High Straw Centra Singapora TH 2KM6) A 292 MM SEE BACK PAGE m M All this and 3D too. The Olivetti Copta 1550 reproduces manuscripts, typescripts, photocopies, drawings, photographs, books, leatlets and almost anything. Even three-178 words
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TRADE AND INDUSTRY
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Article556 1979-05-23 2 COURSES AND TALKS March-July Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development April 30-Aug 24: Tuition Courses for the Australian Insurance Institute Associateship, SITC, SITC May 4-24: Industrial Relations, Holiday Inn, Personnel and Organisation Development May 22-23: Effective Organisation Development, SIM, SIM May 28-30:556 words
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712 1979-05-23 2 OUR REPORTER - By OUR REPORTER NEGLECT and lack of knowledge and expertise are the main reasons for the meagre two-way trade and investment between Singapore and Canada. This opinion was expressed by the managing director of Zimmar International Trade Consultants, Mr Marvin L. Zimmerman, who712 words
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145 1979-05-23 2 THE new Air Traffic Control Centre at Changi Airport will be one of the most advanced in the world when it begins operations by the middle of next year. A long-range radar antenna is being installed on the rooftop of a four-storey building which145 words
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274 1979-05-23 2 BRADY'S (Singapore) Ltd, a local manufacturers of gypsum "Fibroceil" sheeting for ceilings and internal wall linings, has added the West Asia region to its markets. Established in Singapore in 1966, this offshoot of Brady's of Western Australia has for 13 years been concentrating274 words
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Article51 1979-05-23 2 THIRTY -SEVEN delegates will gather in Singapore for the week-long Far East Service Technical Meeting of Datsun distributors in the region. This is the first time the meeting is being held here. The participants are from Datsun distributors in Hongkong, Brunei, Taiwan and the five Asean51 words
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340 1979-05-23 2 KIWI International (S.E.A.) Pte Ltd will be investing a further $1 million i i its factory here to meet the growing regional demand for its products. The extension work will commence next month. It is expected that the company will install more340 words
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212 1979-05-23 2 NEW ZEALAND would like Singapore to invest in hotel projects in Auckland and Wellington, according to the gOvernment-ownedDe ve 1 opment Finance Corporation (DPC). Mr John Hunn, general manager of the DFC, who was in the Republic last week, said that his corporation212 words
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Article, Illustration396 1979-05-23 2 MR HUGHLYN F Fierce has recently been appointed general manager of the Chase Manhattan Bank, NA, branches in Singapore. Mr Fierce was from Chase's head office in New York where he was the vice president and senior officer in charge of credit policy, planning and supervision. Prior396 words
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Article374 1979-05-23 2 INTERFAMA Pte Ltd will be organising two exhibitions, Imac-Asia '79 and Conpex-Asia '79, at the World Trade Centre from June 25 to 29. These two shows will attract a total of 200 exhibitors from more than 29 countries. From Singapore, there will be over 50374 words
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141 1979-05-23 2 THE full-time English course now being conducted by the British Council will benefit ninety Chinese-medi-um graduate teachers by the end of this year. Speaking at the opening of the British Council Centre at the Singapore Rubber House yesterday, Dr Goh Keng Swee, Deputy Prime141 words
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280 1979-05-23 2 THE PIVOT en which rests Singapore's Hi for the llli Pacific Area Travel A—etsttoa (Pate) convention Is a tittle shaky at tee minat. A ae« He meat has been lajectd lata the question sf having the meet here with tee recent decision280 words
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Page 2 Advertisements
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Advertisement519 1979-05-23 2 1 ITIVTimW We've listed products of potential from Australia. Made by advanced scientific methods together with a keen taste for the product, which has earned Australia a worldwide reputation for beers, wines and beverages. Made to sell in international markets. Especially here in Singapore. Check them through carefully. You could519 words
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REGIONAL
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Article159 1979-05-23 3 Reuter MEMBERS of the Association of Sooth-east Asian NatteM (Amu) are expected to hove about SIMM teases of area available for export ia 1181, Increastag to 1.25 million teaaes by 1185. Aseaa's saceess la beestlag fertiliser prodaetioa is largely dee to ladeaesla, a net Importer ofReuter - 159 words
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Article338 1979-05-23 3 AFP SHARP increases in purchases by West Germany, Britain and Japan have boosted Hongkong's clothing exports considerably. This is clearly shown in the colony's latest official trade figures for the first quarter of this year compared with the corresponding period last year. Sales toAFP - 338 words
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Article81 1979-05-23 3 AP THE Malaysian goverment will establish a palm oil exchange in Kuala Lumpur soon to facilitate and coordinate all activities connected with palm oil trading, Malaysian Primary Industries Minister, Mr Paul Leong, told Indian Minister of State for Commerce and Civil Supplies, Mr K.K. Goyal yesterday.AP - 81 words
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Article, Illustration54 1979-05-23 3 An elderly Vietnamese woman being carried ashore Cram one of USS Tarawa's amphibians landing craft after the refugees were aboard the ship for four days. The woman was among 443 Vietnamese refugees rescued in the South China Sea by an American frigate and later transferred toAP photo - 54 words
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Article275 1979-05-23 3 Reuter THE Philippines may have a balance of payments deficit of between US$95 million and $100 million (Ss2o6 million and $217 million) by the end of the year, its Central Bank Governor Gregorio Licaros said. In an interview with the Weekly Manila Journal, he said a $95Reuter - 275 words
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Article, Illustration571 1979-05-23 3 AFP THE Japanese are ashamed of their cramped houses and would like nothing more than the "spacious homes" of the United States or Europe The Japanese daily newspaper Asahi was commenting on Monday on a "confidential" report by the European Economic Community (EEC) publishedAFP - 571 words
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Article334 1979-05-23 3 Reuter CHANCES o( a giant explosion in Tokyo Bay around which 27 million people live are increasing as Japan imports more and more highly-volatile liquefied natural gas (LNG). Already about three LNG tankers a week, escorted by a picket boat and a firefighting ship, ease theirReuter - 334 words
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86 1979-05-23 3 CONSUMER prices in Metropolitan Manila shot up by 17 per cent in April, the highest inflation rate recorded in four years. The Central Bank of the Philippines' consumer price index, base 1972, shows the highest increase was food prices, followed by services at 18.7686 words
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346 1979-05-23 3 STEPS are being taken to solve some of the major problems faced by the Pasir Gudang port, Malaysian Deputy Prime Minister Datuk Seri Dr Mahathir said. Among the problems are the lack of proper bunkering facilities for fuel, the narrow road link between346 words
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Article64 1979-05-23 3 HUNDREDS of bouses were destroyed and several people injured when a strong earthquake rocked Lombok Island, east of Java, early yesterday morning, local officials said. The tremor was also felt on the neighbouring holiday island of Bali but damage was limited to broken windows and a few64 words
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Article284 1979-05-23 3 A NEW exporters' register intended to be an authoritative compendium of Malaysian exporters from which overseas importers can glean confidences will be put out by the Malaysian Ministry of Trade and Industry later this year. To this effect, the international trade division of the Ministry284 words
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553 1979-05-23 3 UPI COMMERCE Secretary Juanita Kreps said on Monday the US-Chinese trade agreement she initialled in Beijing last week may be ready to be signed and sent to Congress by mid or late July. "We hope (or cooperative action by the Congress," sheUPI - 553 words
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Article129 1979-05-23 3 Reuter JAPANESE Finance Minister Ippei Kaneko said the ministry plans to freeze 200 billion yen (Ss2 billion) of reserves for public works provided for in the national budget for fiscal 1979 to reduce the national bond flotation by that much. He said the measure was necessary in viewReuter - 129 words
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234 1979-05-23 3 A foreign company that wants to base an executive in Japan had better be prepared to lay out nearly £103,000 a year, says a new publication by the Confederation of British Industry. With steak at £39 a kilo and an unfurnished threebedroom234 words
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Page 3 Advertisements
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Advertisement103 1979-05-23 3 Dear Suzette. Ifou're not the only crepe at the party. It's the La Dizaine de Crepes event again. Which simply means that if you're into pancakes, it's going to be your sort of week. There'll be crepes with J mussels and scallops. Crepes with curried shrimps. Crepes with calves sweetbread.103 words
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RAW MATERIALS
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665 1979-05-23 4 CHAN BONG SOO - By CHAN BONG SOO MORE tin was produced last year than at any time since 1941, according to statistics compiled by the Intenational Tin Council. Malaysia, the world's major tin supplier, reversed a five-year downtrend in output, Indonesia attained a 20-year peak665 words
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Article365 1979-05-23 4 OPENING prices in Singapore yesterday were marked up about 3.50 cents on higher London advices. The market later rose further on speculative, trade and upcountry buying coupled with sellers' reserve, short-covering and some May covering, dealers said. Continuing Thai border tension also aided sentiment. Some profit-taking emerged around the365 words
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Article334 1979-05-23 4 R.A.S. prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 RS.S. prompt f.o.b. 303.00 304.00N Int. 1 R.S.S. June 297.00 297.50 Int. I R.S.S. July 291.25 291.75 Int. 2 R.S.S. 207.75 288.75N UK/Coot 200.75 2S7.75N Int. 3 R.S.S. 204.75 285.75N UK Coot 283.75 284.75N334 words
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Article106 1979-05-23 4 NOON 381 ■A* SSR 20 SSR 90 mn ItadSMRpriaa (1-toa >»Hi») (1-toa pallet) jraMerday Jmma 280 00 282.00N 277 00 279.00N (Far ■«T< 280 00 274 00 JtHHtil tn Sallare 282. OON 279 00N SMRCV SMRSL SMRGP SMR 5 (1Kb ptOMI (1-toa pallet! (I lea pallet i106 words
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Article30 1979-05-23 4 Rubben May 22 Singapore: June: 296.50 cents (up 5.00 cents) Malaysia: June: 298.50 cents (up 5.00 cents) Tin: $1,961 (down $4) Official offering: 234 tonnes (down 8 tonnes)30 words
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Article59 1979-05-23 4 THE STRAITS tla price ia Peaaag yesterday eased M$4 to $1,K1 a pieal. The price fell falIswiag Msaday's easier tread la Lsadsa with ceatlaaed high vslame «t Ha metal delivered, aad with sterling's weakaess against the Maiaysiaa also depresstag seat!meat slightly, dealers said. Taraever totalled 254 toaaes compared59 words
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88 1979-05-23 4 Reuter. RUMANIA is interested in buying tin metal directly from Thailand and not through a third party. Following talks with Rumania's Deputy Prime Minister Cornel Burtka, Thai Commerce Minister Nam Poonvathu said the Thai Smelting and Refining Company (Thaisarco), which owns Thailand's onlyReuter. - 88 words
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Article353 1979-05-23 4 TRADING took a mixed pattern on the Singapore produce market yesterday. Business remained minimal and the bulk of this passed into consumer hands. An easier bias persisted in the pepper sector where more keen sellers were holding out cheap offers in the light of fairly big arrivals from353 words
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Article337 1979-05-23 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop O.K. 100 per cent second class OK. 100 per cent third class 0 80, 25 per cent new crop bo slock. B-10 per cent 0.70 THAI BROKEN A-super 0 62.337 words
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Article78 1979-05-23 4 C.I.F. North European ports. In US dollars per Uv unless otherwise stated. LONDON: Malaysian 5SMa bulk per tonne Maa Pltrtui July 604 ,slr 662slr Sumatra 5% tta bulk May 690slr/ 687' ipd 990s lr June 677'iSlr/ July 675pd 872'j sir/ 677 sir 870pd 672' .sir August 665s Ir78 words
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Article163 1979-05-23 4 THE SUGAR futures market yesterday closed easier with losses of 0.10 to 0.15 US cents, dealers said. Trading continued quiet and featureless with no trades registered as Monday, while the day's spot sugar price was unchanged at 7,65 cents. Sugar futures closing prices: CMa| CMi| July 7.70 80163 words
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Article194 1979-05-23 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Catt— yarn: China Blue Phoenix 20k 2,335 32s 2.830 40s 3.060 (per bale oT 400 lbs). Pteee gufc: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq. Flower and Butterfly194 words
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Article84 1979-05-23 4 WHEAT futures in Chicago on Monday extended earlier gains and closed 3'< to two US cents a bushel higher. Traders said the firmness in prices came from the return of wet weather in the north-west US and in Canada. They said reports of rain and flash flooding in parts84 words
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Article687 1979-05-23 4 COFFEE: Robusta futures yesterday closed the morning steady at the lows, down £14 in untraded January to £6 in distant May with losses among the first three trading positions around £11. Turnover was 967 lots including four options and round 60 lots of cross trades. Dealers said the687 words
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Article117 1979-05-23 4 CHICAGO soybean futures on Monday rallied near the day's close on inflationrelated fears and possible new USSR purchases. Prices were up 3 3 to 13 US cents a bushel. Traders said that, although the dollar was strong in world trading, higher silver and record gold prices sparked inflationary fears.117 words
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ASIAN STOCKS
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Article626 1979-05-23 4 Tokyo Source: DBS-Daiwa THE market was bearish yesterday with attention focussing on good resourcesrelated issues and incentivebacked issues, since most investors are cautious against the current sharp rise in stock prices and the sharp increase of the margin debt balance on the three major markets. Turnover wasSource: DBS-Daiwa - 626 words
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Article406 1979-05-23 4 Source: SHK Sec Ltd DESPITE the Government's property review released on Monday night pointing to a continued tightness in supply of good-class residential units for the next two years, property shares came under heavy liquidation yesterday from speculative accounts, pushing the index six points lower for the first timeSource: SHK Sec Ltd - 406 words
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Article207 1979-05-23 4 THE market closed firm yesterday in moderate trading with gold shares particularly strong on the record bullion prices, dealers said. MAY 22 Ontl INDUSTRIALS A. C. I A N I 165 unch A P M 130 unch Ampol Pet 69 unch B H P 944 14 Bank NSW 355207 words
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Article80 1979-05-23 4 MAY 22 Pesos Atlas Con A Atlas Con B 23 00 -0 1 01 Benguel Con B 25 50 025 20 20 -03 22m Inco B Lepanlo B 2150 4 0 0025 Marlnduque B 1010 06 Oriental A Oriental B 097 0.002 061 0 002 Phllex A Phllex B80 words
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Article249 1979-05-23 4 MAY 22 Bah Us i i Asia Credit 218 ■i j Asia Fibre 1S6 Ayulhaya Inv 125 i And Trust Bangkok urvrh 1 Investment 250 Bangkok Bank Bangkok Drying And Silo Bangkok Insurance 900 >6 Bangkok Metropolitan Ban 550 4 Bangkok Nylon Bank CM Asia 183 -4 Bank Of249 words
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Article65 1979-05-23 4 FINANCIAL TIMES INDU8TRIAL8 Monday 510.7 Friday 5?? Week Ago S25.4 DOW JONES AVERAGE INDUSTRIALS Monday 842.43 Friday 841.91 Week ago 825.02 LONDON DOLLAR PREMIUM Monday 56H to 54 i Friday 56H to 56'* H.K.HANG SENG Tuesday 5C2 5C Monday 568 64 Week ago 547.89 SYDNEY INDU8TRIAL8 Tuesday 486.2465 words
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Page 4 Advertisements
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Advertisement90 1979-05-23 4 When you're fishing for new markets, land big game with the help of air freight experts. When you're busy meeting deadlines, controlling inventory, hounding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as seriously as90 words
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OVERSEAS
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219 1979-05-23 5 UPI THE failure by the United States and the Soviet Union to sign a SALT II agreement will cost the United States about US$3O billion (Ss66 billion) by 1965 in keeping up with an arms race, American Vice President Walter MondaleUPI - 219 words
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Article94 1979-05-23 5 Reuter MOST metals hit new record trading highs in early London Metal Exchange premarket dealings yesterday. Factors behind the move to peak levels were continued strength in gold, weaker sterling against the US dollar and Monday's sharp advance in US metals. Copper rose £10 from previousReuter - 94 words
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676 1979-05-23 5 WORLD OIL SHORTAGE NYT, UPI AMID CALLS for global oil rationing, the United States and other Western governments were warned on Monday that the present world oil shortage may already have condemned them to a prolonged economic downturn, with rising unemployment and high inflation thatNYT,; UPI - 676 words
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Article188 1979-05-23 5 TEXAS Instruments Inc has developed a hand-held language translator that not only displays foreign vocabulary words, but also uses electronic speech synthesis to pronounce them, industry sources have disclosed. In the small but growing field of electronic vocabulary aids for tourists, the Texas Instruments development is considered in188 words
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Article113 1979-05-23 5 Reuter MOTOROLA Inc of the United States announced on Monday it has developed an entirely dry system for manufacturing semiconductors that will virtually eliminate the need for environmental controls required by the present wet system. The company said the system, developed by its semiconductor group, is the firstReuter - 113 words
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Article700 1979-05-23 5 ARRIVALS Service Local Operator Number Time From GIA GA944 1065 PKU GIA GA906 noo MES UB UB231 1115 RGN THAI TG423 1125 BKK PAL PR301 1135 MNL RBA BI423 1200 BWN GIA GA982 1200 HLP SIA SQ240 1210 MES SIA SQ20I 1245 HLP MAS vriicoi luiluCn 1245700 words
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482 1979-05-23 5 NYT ALGERIA notified oil companies on Monday that it had raised the price of its oU by U552.45 (555.40) a barrel, or 13 per cent, to $21 a barrel for its best crude, making it by far the most expensive oil in theNYT - 482 words
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WORLD IN BRIEF
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Article524 1979-05-23 5 Agencies DELEGATES from 60 nations began a week-long conference in Lome on Monday on the technological problems facing less developed countries (LDCs). More than 200 delegates from Africa, Asia, South America and Europe as well as international organisations are attending the conference, sponsored by the United Nations,Agencies - 524 words
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Article, Illustration100 1979-05-23 5 JAPANESE Fareiga Mlaister Sum Sm*d* meettag with British Prime Mlaister Margaret Thatcher at Na 11, Dawalag Street aa Maaday. Japaa pripmi establishment af a perms a rat body, cmpaaed af the warM's seven ma jar iadastrial democracies, to disease eceaemlc ar ether praMems whenever theyAP Photo - 100 words
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Article150 1979-05-23 5 Reuter EEC consumer prices rose 1.1 per cent in April from March, confirming the faster rise in prices since the start of this year, the EEC Statistics Office said. The EEC consumer price index, base 1975, rose to 141.6 points in April, bringing the annual inflationReuter - 150 words
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Article380 1979-05-23 5 AFP THE jubilation which the return to power of the Conservative Party aroused in business circles in Great Britain has on Monday given way to a new wave of depression reflected on the stock exchange. After beating all its records for gains on May 8, following theAFP - 380 words
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Page 5 Advertisements
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Advertisement288 1979-05-23 5 The budget minded copier. if V The Minolta EP 510 was especially designed for the mid range user, or around 5000 copies per month Our objective was to design a copier that would give sharp clear copes and at the same time give years of economical operation with a minimum288 words
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Article457 1979-05-23 6 ANY COUNTRY would be more than pleased to see booming prices for its commodities. The experience must be the sweeter when prices climb not because of cartel manipulations but because demand has outstripped supply. Malaysia's high grade rubber, which is currently enjoying top prices457 words
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350 1979-05-23 6 BUSINESSMEN in general, if they are worth their salt, will be able to sniff out any good deal in a jiffy. There are, of course, those who plunge headlong into such deals without due consideration, preparation and experience with the end result that they get350 words
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1310 1979-05-23 6 DAVID LASCELLES - By DAVID LASCELLES MR MORETON BINN'S office overlooking New York's Park Avenue is not exactly the typical American executive suite. Apart from two sumptuous blue velvet sofas and an extremely expensive computerised telephone system, it could easily pass for a gory hole: a stuffed Piranha1,310 words
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Article255 1979-05-23 6 A TV stattM mti a sew utcau eeatfag imjm bat lacks the cash to pay far it. Attmii Richards (AS), the barter eempaay, agrees to bay the aateaaa la exehaage fsr USU mllltoa wsrth ef advert Mag time. Csst ef air time to AB: 59255 words
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1502 1979-05-23 6 MAX WILKINSON - In the communications field, the spotlight has moved to French produced computercontrolled exchange equipment. In the battle for world markets the British are likely to remain on the sidelines for several years, with the French tsking the lesd. MAX WILKINSON reports. MAX WILKINSON ANYONE1,502 words
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Page 6 Advertisements
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Advertisement73 1979-05-23 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 Cut oat and post today To: Times Business Publications73 words
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Page 6 Miscellaneous
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Miscellaneous1334 1979-05-23 6 gJRWDTO Neil Sedaka is back FOR these wbe mimed Neil Sedaka la Celebrity Ceaeert twe Saturdays age, teaight'a their chance to make geed. The series Is eertalaly eae ef the mast entertaining having featared saeh great aames as Bart Baeharaeh, Jehaay MathIs, Lyaa Aadersea, aad 41 Martin*. It Is eae1,334 words
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Article, Illustration2584 1979-05-23 7 JON WORONOFF - The "system" in Japan is simply the sum total of all the country's traditions and customs that are stronger than any written rules and regulations. JON WORONOFF reports. JON WORONOFF FT. THE Japanese-American trade war is only a symptom of a much moreFT. - 2,584 words
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Article898 1979-05-23 7 ROBERT KEARNS - By ROBERT KEARNS Reuter JAPAN'S Finance Ministry, which has strictly controlled foreign exchange dealing in Japan for 32 years, is about to loosen the reins in a bid to answer foreign critics on its restricted market system. As part of a pledge made last yearReuter - 898 words
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1039 1979-05-23 7 Henry Chang - ...with Henry Chang A MAJOR argument being pressed by developing countries at the current Unctad conference in Manila is that industrial countries have no business maintaining the protectionist measures which they have resorted to, whatever excuses they give. By discriminating against1,039 words
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Page 7 Advertisements
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Advertisement222 1979-05-23 7 Un li 7 THE FIRST INTERNATIONAL RUBBER AND PLASTICS EXHIBITION FOR ASIA WORLD TRADE CENTRE, SINGAPORE 26-30 MAY 1980. Every year, thousands of new rubber and plastic products enter the market Whether tor use in industry or the home, every product reflects some new development in engineering or marketing expertise222 words
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Page 7 Miscellaneous
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Miscellaneous34 1979-05-23 7 Bristol Flank Ih 4 've fi€jen looking* rt The: CRLeNopiC toe. p«e SeMoraG OUT TMIS Nkptf. rr. m BIPOC C-RP CL£tfiCP»L GRG-V SHiRT u>rw u>MiTe collar P*HD i CUFFS... PiKST^\peo DONG»RReg.S I IfV A34 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article193 1979-05-23 8 MAY 21 Francs Actions Suisses 304 unch Alusulsse Br 1330 -10 Alusulsse Reg 520 unch Brown Boverl Br. 1830 5 Clba Ofl» Br 133S -3 Clba Gelgy P C 1045 -5 Clba Gelgy Reg 718 10 Credit Suisse Br 2165 Credit Suisse Reg 418 -1 Elekirowatt Br 1970 unch193 words
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Article280 1979-05-23 8 MAY 21 Frs CORBEILLE Air-l.iquide 399 2 B S N Gervais Oanone 554 -6 C S F (Thomson--12 Csf ***** Cle Francaise des Petroles 167 50 -1.5 Compagnie Ptnanclere Compagnie 382 22 Generate Credit Foncier De France 447 -3 Hachetle 4.9 (Librairie) 236 Machines Bull 5615 -0.85 Michelin (B)280 words
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Article206 1979-05-23 8 MAY 21 Fls ABN M9 00 .1 Ahold 07 50 -02 Akzo 20 90 -0J amev 100 40 0 4 Am fas 116.80 05 Amrot Bank 71 00 -04 Bergo&s 58 20 1.1 Berk 92.50 unch Bo Is Borsumij 165 00 -Z5 Burhmann 63 80 unch Byenkorf Calve Delft206 words
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Article236 1979-05-23 8 MAY 21 Dm Aef-Telefunken 49 80 Akzo 27 40 -06 Allz Leben 875 00 -15 Alls Vers ***** 1 BASF 137 40 -05 Bay H T Wbank 23S00B Bay Vbank 261 00B Bayer ***** -09 BBC 267 50 -0.5 BMW 223 00B Cassella 375 00 4 Chem Verw 263236 words
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Article90 1979-05-23 8 MAY 21 Fr* FORWARD MARKET AcfC 440 -6 Arbed 2540 50 614 -8 624 4 Bru-Lamb 1750 10 Cinpf Cock 560 16 De Beers 263 5 Ebes 2160 5 Elecuobel 6830 -10 Cib-Inno-Bm 2710 5 Oev 1250 2 Hobok 2800 -45 Petro 4405 35 Ryl Dutch 2005 -30 Sldro90 words
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Article109 1979-05-23 8 MAY 21 Lire Anic Assoc Gen Bastogi 34 ***** no 5050xd 2 4 1410 440 4 165 rial F Insider 2761 180 4 61 47 Gen Immob IFI Prt Ilalremenl) I taigas Italsider 97 2350 ***** 739xd 420 48 488 4 890 -8 4 12 Maineu M Pf Marelli109 words
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1318 1979-05-23 8 NEW YORK WALL STREET on Monday focused on merger news with half a dozen issues reacting sharply. Otherwise, prices rose narrowly on low turnover. Early firmness came on hopes that the Federal Reserve would not move to tighten credit further yet. But late1,318 words
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Article325 1979-05-23 8 MAY 21 Rand INDUSTRIALS A Alpha 175 unch Abercom 24S unch AE And CI 460 unch AUir 1000 unch Barlows 610 10 Cf Sugar 630 unch ma A 285 4-5 Currle Finance 100 -3 De Beers Ind 1600 Edcon 300 3 Edgars 4450B Eve ready Fed Volk 225 unch325 words
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127 1979-05-23 8 J. C. PENNEY chairman Donald Seibert said that his company faces a challenge in the 1979 second quarter. Mr Seibert noted Penney had a large sales gain in the 1978's second quarter. The economy is also moving "on a downward basis". J. C.127 words
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Page 8 Advertisements
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Advertisement567 1979-05-23 8 Where to wine, dine and entertain HniiiiiHiiiimiiniiiitHiiiHiiitiiiniwrniiiiiniiHiiiiiiiHiiiiiiinittiiiiiiiniHHiiHnn [UlllWUllllilllllllil I •S: k i m He M !fe Let DANNY KOH. our award-winning resident pianist and the TWO CHORDS entertain you as you relax in the rugged and adventurous atmosphere of African safari of the Treetops Bar. V Enjoy any two drinks567 words
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BANKING AND FINANCE
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Article415 1979-05-23 9 YIELDS on US Treasury bills rose to 9.744 per cent for three-month bills and 9.602 per cent for six-month bills at the latest weekly auction, the Treasury said. The three-month rate was up from 9.506 per cent at the previous auction and was the highest since415 words
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755 1979-05-23 9 THE US government constantly needs to borrow money, and more and more investors are interested in lending the Treasury some as their savings as long as Washington is willing to pay handsome interest rates. It is a problem, though, to find out when755 words
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MONEY AND EXCHANGE$
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Article187 1979-05-23 9 Asian rates ASIAN currency deposit interbank rates as at close on May 22: 7 days 1 months 2 months 3 months 6 months 9 months 12 months l*S Dollar«(Spot) Offer BU 10 J 10'. 10 7/16 10 5/16 10 s 10 J 10'. 10>. 10". 10'. 10 10'. 10 10'.187 words
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Article459 1979-05-23 9 THE US dollar closed generally firmer against major currencies yesterday. It opened at 218.40 50 against the yen and firmed to 218.80 90 in the morning. However, some losses were recorded when it fell to 218.50 70 around Tokyo's close. Firming set in again in late trading and459 words
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Article222 1979-05-23 9 THE DOLLAR yesterday opened lower than Monday's close here and then drifted further, dealers said. However, it opened slightly higher than Monday night's close in New York. It opened at 1.9177/87 marks and 1.7380/90 Swiss francs compared with Monday's closing here of 1.9197/ 9207 and ***** 7406 New York's222 words
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Article47 1979-05-23 9 RANGE of prices offered by discount houses on May 21: Overnight Call deposits 4W Ckxiaf Baying Selliaf 3 month Treasury bills 4 s t 4'i 3 month Bank bills 7'i V» 3 month CD 7 6"« 6 month CD 73/16 71/16 Source: National Discount Co Ltd.47 words
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Article21 1979-05-23 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.21 words
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Article61 1979-05-23 9 QUOTES on the Australia and New Zealand exchanges AUSTRALIA: US dollar 1.1072/1.1024 Sterling 0.5431/0.5369 Ninety-day airmail buying rates: Sterling 0 5636 US dollar 1.1449 Ninety-day forward buying rates: Sterling 0.5470 US dollar 1.1113 NEW ZEALAND: Reserve Bank midrate U551.0414 Trading Bank indications: Sterling 0 5106 0 5076 US dollar61 words
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Article184 1979-05-23 9 THE US dollar yesterday firmed slightly against the yen and the deutschemark on commercial demand in a quiet market which saw some dealers leaving for the International Forex Congress meeting in the Hague, dealers said. The dollar advanced to 218.65/80 yen from its early 218.45/60 and its 218.45/55 New184 words
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Article138 1979-05-23 9 THE US dollar for overnight delivery yesterday closed at 218.75 yen, slightly up from a 218.70 opening but down from 219.30 at Monday's close. Trading was light with volume US$5Bl million. The dollar moved between 218.50 and 218.90 in light late trading, dealers said. Operators became reserved awaiting fresh138 words
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Article317 1979-05-23 9 SINGAPORE gold futures yesterday turn«l easier on profit-taking and some local selling after a firmer opening, but prices closed higher on balance compared with Monday night's close, dealers said. Trading was moderately active and turnover rose sharply to 277 lots from 95 on Monday with interest centred on June,317 words
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224 1979-05-23 9 AUSTRALIAN baaks will begla eperattag their prevtoasly fwwfcidiwwl fereiga earreaey hedge market ea Jiae 11, the Aaatrallaa Bilkers' AswHiMm chairman Robert White saM. The market aim* te meet iemiad by haak easterner* te eever fereiga exehaage risks by matehiag them with theae havtag224 words
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711 1979-05-23 9 COLIN CHEE - By COLIN CHEE THE International Bank of Singapore (IBS) last year turned in a sparkling performance after a mere three years in operation. Net profit after tax amounted to $2.9 million, three times that in 1977. The bank's assets, and loans711 words
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501 1979-05-23 9 THE Austrian coupon rate may be increased to 7.5 per cent from 7.25 per cent and issue prices may be cut to 99 per cent, capital market sources said. This emerged from a meeting of capital market committee experts in Vienna which discussed501 words
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206 1979-05-23 9 THE consolidated operating profit of the Australian and New Zealand Banking group rose 51.5 per cent from AJ32 8 million to $49.7 million in the half year to March 31,1979. Earnings per share increased to 34.6 per. cent from 36.4 cents to 49 cents. The206 words
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Article96 1979-05-23 9 THE Stogaparr knack ef FaJI Baak hai came eat with the eighth US deilar fleatiag rate negotiable certificate •f depasit iasae tor the year. Anwutiag to US$l5 miMea, the three year lane carries aa Interest rate •.25 percentage palate aheve the Singapore interbank altered rate. It b96 words
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Article98 1979-05-23 9 Reuter. THE president of Taiko Sogo Bank, Shunji Otsuka, admitted the bank had tampered with its financial statements since 1971 to conceal guarantees of obligations totalling 74 billion yen. He said the bank will report the fact in its financial statements for the half-year ended MarchReuter. - 98 words
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Article106 1979-05-23 9 Reuter BANGKOK Bank plans a US$25 million issue of fiveyear floating rate notes with interest set 0.25 per cent above London interbank offered rates, bond market sources said. Lead manager is Banque Nationale de Paris but the issue date is not yet known. In Hangkang, SecurityReuter - 106 words
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Page 9 Advertisements
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Advertisement726 1979-05-23 9 How par HAW PAR BROTHERS INTERNATIONAL LIMITED Notice of Meeting Tenth Annual General Meeting NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company Mill be held in the Mandarin Hotel, Singapore on Friday, Bth June. 1979 at 12.00 noon for the purpose of transacting the following726 words
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Article1694 1979-05-23 10 .In Singapore BID and otter prices officially Jlsted and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1.000 units -unless otherwise specified. All Time Settlement Contracts «re quoted1,694 words
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Article156 1979-05-23 10 SINGAPORE UNIT TBI ST (MinW prim tar May IS) The Commerce 117 230xd The Saving Fund 1 40 1 48 S'pore Prog Fund 1.01 1.07 Spore Sec. Fund 1.S7 1.98 S pore Invest Find l 36 1.41 S'pore Equity Fund 1.00 1.08 INCOME BOND UNIT (CtfMt prtoes) Income156 words
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Article2725 1979-05-23 10 1979 High Low Last Sale Gr's Div -for- SECTION ONE Div Cvr Gr'« Y'W Net P/E Vol (*000) Day High Low INDUSTRIAL COMMERCIAL 261 190' 142 180 265 744 224 350 215 380 207 123* 110 150 260 60 185* 226 177 298 Acma Alcom Allied Choc2,725 words
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Article164 1979-05-23 10 4 1/2% 1/8/80 (250.000) (88.328 88.448) 4 3/4% 15/9/80 (250.000) (88.558 88.656) 5 3/4% 1/6/78-80 (250.000) (100.708 *****8) S 1/2% 1/5/70-81 (250.000) (100.308 100 456) 5 1/4% 1/3/81 (250.000) (100.058 100.158) 5% 15/4/81 (250.000) (88.508 88.858) 5% T F 1/6/83 (250.000) (100.058 100.158) 7% 15/4/86 (250.000) (100.808 100.806)164 words
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Article1848 1979-05-23 10 BID and offer price* officially listed and Nirinm in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. INDUSTRIAL* ton (2 GOB 2.855) cd Ajtaawta (2.758 3.005) AIM (1.828) (1)1,848 words
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Article, Illustration699 1979-05-23 10 PLANTATION stocks held their (vi aa light bat consistent sopport is a generally quiet mad barely steady market aa the Staek Exchange af Siagapare yesterday. Same reeavery was aated towards the close. The better latereat in plantattoa stacks is attriba table to the streagth In699 words
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Article433 1979-05-23 10 PRICES closed slightly steadier on the Kuala Lumpur stock market yesterday with interest mainly on plantation and property stocks. Opening levels were generally well maintained after the previous day's better close, but as buyers kept to the sidelines, the situation began to deteriorate by noon. Some433 words
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Article96 1979-05-23 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday, the period, bids and offered prices and business done, if any, with the number of options traded shown in brackets. Cold Storage (June $2.00) (0.398 0.465). C C (June $2.60) (0.468 0.545). Haw Par96 words
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COMPANY NEWS
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Article, Illustration1384 1979-05-23 11 STEVEN TAN - By STEVEN TAN THE IMPENDING merger of four companies in the Barlow stable will create a medium-sized plantation company with some 12,949 hectares of diversified crops, placing it in the category of United Plantations in terms of land size but dwarfed by plantation giants1,384 words
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Article342 1979-05-23 11 THE FOLLOWING are some acreage and financial notes of the four companies according to last published accounts (though much of these details must vary vastly from that to be provided by the merger document). Bradwall Estate: Comprises Bradwall Estate and Sagga Estate. Total planted area: 4,829342 words
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Article795 1979-05-23 11 Current Ex Book a Date Total for Total for Payment Date Close Payable the year Previous year Bat* <M) 14% Apr 19 May 2 May 25 20% 125% Duolop Eat 20%(h> Apr 18 Apr 30 May 25 32% 30% I C B 10%(b) May 11 May 18 May795 words
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Article151 1979-05-23 11 Company Particulars Es Date Books Close BovU SEA Utd Plant OUB Olympia Oriental Hldgs Mai Flour Rights Issue of 3 for 5 6 $1.00 p«r share Bonus Issue of 1 for 4 Bonus Issue of 1 for 0 Rights Issue of 1 for 6 $2.00 per share Bonus151 words
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Article144 1979-05-23 11 APOLLO Enterprises Ltd said it expects to maintain the 15 per cent gross dividend rate in the current financial year on the enlarged capital of $32 million following its proposed one-for-one rights issue. In its rights issue document the company also said it will be able144 words
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Article61 1979-05-23 11 IN REFERENCE U yesterday's story mi Klag's Hotel, Mr Kwek Leng Beag points out that the assets of the company have not been revalued and that rorrently, the valae of the hotel should be aboat $15 million. Whea the extension to the hotel is completed, the market valae61 words
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Article136 1979-05-23 11 I NIT ED Motor Works (M) Hldgs Bhd: AGM to be held at Jalan Utas, Batu Tiga Industrial Estate, Shah A lam, Selangor today at 10 30am Bata (M) Bhd: AGM to be held at the Board Room of the Malaysian Industrial Developmnt Finance, 14th Floor, Bangunan MIDF,136 words
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568 1979-05-23 11 LONDON stockbrokers Laurence Prust are estimating that Harrisons Malaysian Estates' pre-tax profit for the year ended March 31, 1979, will rise some 17 per cent to £129.1 million, following the good first ninemonth performance when the profit totalled £23.75 million. However, the568 words
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Article499 1979-05-23 11 SUBSIDIARIES of the Malaysian Co-operative Insurance Society (MCIS) continued to make financial losses last year. At the company's 22nd general meeting, members were told that MCIS subsidiaries had suffered losses amounting to $4,031,989 over the period 1975-1977. According to a statement by its chairman Haji Yahya Bin499 words
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411 1979-05-23 11 im by HOCK LOCK SIEW WE WERE not far wrong in our expectations that Setroa groap profits for 1978 woald aot greatly exceed the $5 million mark. In the event, pre-tax earnings came up to $5.43 million, bat the fact remains that theby HOCK LOCK SIEW - 411 words
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Article261 1979-05-23 11 Chemical Company of Malaysia: Pre-tax profit of $10.9 million ($8.8 million) for the half-year ended March 31, 1978. After taxation of $4.0 million ($4.5 million). the net profit was $6.9 million ($4.3 million). The company has declared an interim dividend of 22.5 per cent less tax (20 per261 words
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542 1979-05-23 11 TYRE manufacturer Goodyear Malaysia Berhad has disclosed a record after tax profit of MJ7 025 million for the year ended Dec 31, 1978. Chairman Tunku Dato Shahriman. who is also Pernas group chairman, told the company's sixth annual general meeting in Kuala Lumpur that he542 words
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Page 11 Advertisements
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Advertisement226 1979-05-23 11 r US Research, Consulting, and Publishing Company Needs Singapore Representative For a highly qualified person capable of part time market and corporate research, indepth political and economic forecasting and analysis we can guarantee an annual minimum of US$7,OOO worth of projects. The successful candidate must have: A strong economics and226 words
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207 1979-05-23 12 AFP US Export-Import Bank president John Moore on Monday strongly criticised "abnormal" financial facilities certain industrialised countries made available to promote their exports, especially in the aviation field. In testimony to a House of Representatives subcommittee, Mr Moore particularty attacked the practice ofAFP - 207 words
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75 1979-05-23 12 UPI A CRIPPLING strike in Iran's largest port shows no immediate signs of a settlement, shipping sources said yesterday. The strike by more than 2,300 employees of two Iranian firms working in the huge port of Khorramshah has gone on for 16 days. ItUPI - 75 words
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522 1979-05-23 12 NYT PRIME Minister Masayoshi Ohira will soon drastically reorganise its highest decision-making agency on trade matters to increase this year's imports by between 20 and 25 per cent over the previous year, Japanese government officials said on Monday. Tokyo will also simplifyNYT - 522 words
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361 1979-05-23 12 AFP Reuter MULTINATIONAL companies and their agents were accused of siphoning off about US$l7O billion (***** billion) in the commodity trade between developing and developed countries. This estimate was made by the Asian regional secretary of the Brusselsbased International Confederation of Free TradeAFP; Reuter - 361 words
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Article390 1979-05-23 12 AFP Reuter THE Third World Group of 77 has stopped just short of rejecting out of hand the agreements reached in the latest round of Multilateral Trade Negotiations (MTN) in Geneva. The group's resolution, presented yesterday at Unctad in Manila, describes the outcome as "disappointing" and of "graveAFP; Reuter - 390 words
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Article, Illustration421 1979-05-23 12 AFP THAI troops were mobilised on Monday to prepare to repel a thrust into the country by about 100,000 heavily armed Vietnamese soldiers massed along the Thai-Kampuchean border. Ten of the 25 Vietnamese divisions in Kampuchea each division comprising 10,000 men have dug inAFP; AP - 421 words
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Article841 1979-05-23 12 LONDON, Tues. Share prices closed firmer in quiet trading today, dealers said, and at 3 p.m. the Financial Times index was up 1.6 points at 512.3. Leading shares after a brisk opening, drifted to finish slightly above yesterday's closing levels, they added. Government bonds were down 1/2 point841 words
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251 1979-05-23 12 UPI THE Malayslaa Alrttaes System (MAS) made a retard pre hi preflt sf MtU arilllis far the year eaded Mareh SI, It was reperted la Kaala Lam par yHtvday* The amaaat was three Haw mere thaa that far the prevtoas year. Thto flgare,UPI - 251 words
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Article143 1979-05-23 12 UPI CONSTRUCTION of a Japanese heliport has begun on one of the disputed Senkaku Islands in the East China Sea, Transport Minister Kinji Moriyama announced yesterday. Mr Moriyama said officials of the Okinawa Development Agency, the Maritime Safety Agency and several construction workers landed on UotsuriUPI - 143 words
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Page 12 Advertisements
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Advertisement74 1979-05-23 12 TROPI-COOL AIRCONS take pride of place among the best TROPI-COOL car airconditioners are Americandesigned and engineered specially for the tropics. There are none better for the price. Ttaopi** cool Car AIR-CONDITIONERS-I\ 1 -year Aarranty Robust-YORK or ABACUS Compressors In-dash and under dash models available Superb back-up service VL LJli 174 words
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Advertisement386 1979-05-23 12 SPECIAL GUIDE TO FITNESS Why Fitness Over 50% of all Deaths are due to Heart and Circulation Disorders. Is this necessary? The frequency of heart attacks is increasing with alarming rapidity In our advanced societies today more than half the number of deaths are caused by heart and circulation disorders386 words
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Page 12 Miscellaneous
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Miscellaneous59 1979-05-23 12 Outlook for Singapore from 6 a.m. to 1 p.m. today .Scattered showers. Report far 24 hours prior to 7.31 p.m. on May 23 at the airport. Maximum temperature 30.4 Associated humidity 79 Minimum temperature 25.6 Associated humidity 100 Hours of sunshine 1.05 Rainfall in millimetres 10.5 Total rainfall for the59 words
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SHIPPING TIMES
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PORTSIDES
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Article126 1979-05-23 13 Reuter A SOUTH Korean chemical tanker reached Falmouth port on Monday after drifting powerless for several hours following an engine room fire. The 21,000 tonnes Stolt Inchon was about 120 miles south-west of Ireland when the blaze began on Sunday night. Two burned seamen were liftedReuter - 126 words
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Article87 1979-05-23 13 Reuter AT least six vessels are waiting to be unloaded at the Gulf port of Khoramshahr because of a strike by 1,700 workers of the Iran Terminal Company seeking its nationalisation, the company's director-general, Mr Fathali Didehuar told reuters. Mr Fathali Didehvar said the men had beenReuter - 87 words
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Article54 1979-05-23 13 Reuter BLUE Star Line said it will introduce a 4.7 per cent Bunker Adjustment Factor (BAF)for its Australia to West Asia container service, effective with a sailing in early July.Meanwhile, the Australia-Singapore and West Malaysia outward shipping conference said it will introduce a 2.51 per cent Bunker AdjustmentReuter - 54 words
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Article529 1979-05-23 13 AP A FLOATING airport, halfsubmerged oil tanks and luxury casinos at sea are some ideas that Japan's shipping industry hopes will turn the tide of its worst profit slump in 15 years. The Japanese government is pondering whether aUSS6.4 billion system of floating runways isAP - 529 words
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Article142 1979-05-23 13 BRITISH Petroleum's cargo of oil aboard the arrested tanker Kulu, worth almost US$3O million (Ss66 million), is to be Sold by the Nigerian authorities. The 222,000-tonnes dw tanker was seized by the Nigerians because it is ultimately owned by the South African Safmarine Corporation through a142 words
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Article174 1979-05-23 13 UPI ALTHOUGH kny Mi flraiMM tke balk nrrier —rfcet gave aa Mtwmrd lapiwiw «f laaettvlty. Very few fix* tan detalb came to yfct raa rife, allkial r>eflr Traaa-Atlaalle reaad vtyagM raaaM very pepalar wttk grala haan la particular. Dreyfaa toek the a#* «wt Anftiaw at UB9MM <8114,• M)UPI - 174 words
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Article, Illustration249 1979-05-23 13 KEPPEL Philippines Shipyard, the joint venture between Keppel Shipyard in Singapore and the Luzon Stevedoring Corp of the Philippines, recently commissioned its second floating dock, which can accommodate vessels of up to 5,000 dwt. Unlike the first dock, which was built by the shipyard itself, the second249 words
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2006 1979-05-23 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 of2,006 words
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Article530 1979-05-23 17 SfclppUgUae Page Cd ACS n 5 Afea IV 3 Alfred V 2 Alpac IV 5 Angkutan V 4 ANL I 1 APL m 2 Armada V 3 Arya Nat n 5 ASCL m 5 AustCont IV 5 Bank n 5 Batam V 5 BBS n 2 Ben Asia m530 words
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Article836 1979-05-23 18 r RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL 1 HB. (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 premises836 words
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Article, Illustration2233 1979-05-23 18 NYT THERE was Queen Elizabeth II of England and President Eisenhower of the United States amid colourful bands of sailors, trumpeters and bagpipers, backed up by choirs, pennants and the red coats of the Royal Canadian mounted police. Ships of the world linedNYT - 2,233 words
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825 1979-05-23 18 AFP FREIGHT rates reached new five-year highs last week although the market was tight-lipped about details. Soviet chartering continued but details were, as usual, difficult to confirm. Nevertheless, there were reports of both Trans-Atlantic (US Gulf/Europe) and River Plate voyages being arranged. JapaneseAFP - 825 words
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Article, Illustration486 1979-05-23 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Al-Salma (after King River) 25/26 Bunker Friendship (B/ Barge) (after Able Reefer) 40/41 Bunga Gelang (1100 Subject Free Board) 19 Catamarca II (after Sinaloa sails A New Bear) 38/ 39 Cosmobil Ace (Car Carrier) (after Jasternia Bor) 46 Kota Ria (0700) 10/11486 words
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Page 13 Advertisements
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Advertisement459 1979-05-23 13 I:\vrcft Lines ft TNI MOST ntKQUKMT SAIUNCS TO ■AMOKOK HON6KOM6 •JAPAN HJSAN. Iwwtt XwiwiWp Cocpw. >/A C»«Ho»d I T«4 W4|l/f 3* ft»oc» V««t JO 10) OC tC *0* T*< 2144T 3 VXSHiPCOfHO Trf *****) \K I) I\ I W I \f I SAI fm Orient Overseas Line FULLY COWTAIRfiED SEJHICE459 words
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Advertisement231 1979-05-23 13 i assi SEALORD LU ANTAH M 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 S pore Loading for BNBAJJAH Dub* (5/6). Kuwait (10/6). Doha (13/6). Dammam (16/6) Muscat 18/6. Dubai 20/6. Abu Dhabi231 words
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Advertisement353 1979-05-23 13 ■NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAMERtSED SERVICE S note P Mwi f stow Hw« R 4am N tan Brta sSBRca-i- 1751 L, 7TSG7 is no 11 km 12 km mm is km C CONTAMR 31 Ma* 1 Ju« 21 lan 17 km II km 20353 words
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Advertisement559 1979-05-23 13 SHOFUKU LINE Full Container Service Straits Taiwan Japan See Page IV Column 3 for Sailings S PORE AGENT SHOFUKU AGENCIES (Si PTE LTD 70TH FLOOR OCEAN BUILDING SINGAPORE 1 MARKETING *****2 (3 LINE SI GENERAL 913'11 (14 LINES) TELEX RS 7459S RS ***** A B CARSHI? CABLE "SHO LIN E'559 words
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Page 14 Advertisements
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Advertisement645 1979-05-23 14 PALY CONTMNERBED TO EUROPE H**n Upren Bremen Eipreu Mi Mini BIT Hanfkoni Eipreu Kamakwa Mara lokr* Cardga Bty lotjt Express EXPRESS CONttNTWNAL TO EUROPE S'pere PKelant Pm 9t« Genu Ratderslm Sarirt In Port Sailed 9/6 Sethi* Riduners 9/6 11/6 30/6 FULLY CONT AMERCED TO GENM/TRESTE S'pere P Krtm( Gmm Ummiu645 words
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Advertisement394 1979-05-23 14 L 3 barber blue seo From: US ATLANTIC US GULF I EAST CANADA m 4/5 1 A* A*t «X m s* Ml 2 S* S«P S* s 25 ta| 7 Mr io g 11 310 Mri Mr it J* 23 fax 5 II *,21 Tc CANADA/USA Fsdßc Cast >^ M394 words
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Advertisement564 1979-05-23 14 EVERGREEN LINE FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTHG CARGO FOR HAMBURG. FELIXSTOWE ROTTERDAM ANTWERP LE HAVRE ALSO ACCEPTNG CARGO FOR UNITED KMGOOM SOUTHAMPTON LONDON. MANCHESTER. BMMMGHAM. BRISTOL. LIVERPOOL GLASGOW. LEEDS WEST GERMANY BKMCRHAVEN HOLLAND AMSTERDAM S>«rt Hjmbw| (ifastm Mwwp It (tow (Ml 30 Hay nkm 22 km nkm564 words
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Advertisement781 1979-05-23 14 Burma Five Star Shipping Corpn. 'BURMESE NATIONAL LINE" IOAOMG FOR RANGOON B F SS C Agents m Molays«o TEPS MALAYSIA Port Kelong Tel (38»-735S Peaong Tel ***** Z***** Compania Argentina Da Navagacion Intaccontinantal S. A. C.I. F. °*Jf "ARGENTINE NATIONAL LINE" LOADMG FOR DURBAN, CAPETOWN. BUENOS AMES Sanfaport P. Ketanj781 words
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Advertisement652 1979-05-23 14 TSXO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD KM P 102 210 3 21STMOOR VAWINA HOUSI SHtNTONAAY MISTRI ROAD SIM.APOWf 2 Tf I 220!1J4 ;4 2201 J7O IS] SANKYO LINE AUSTRALIA SERVICE MAY PRMCE kiNri SaM FREM. AOEL MEL LOGISTIC ACE 25/24 Nay 27/21 May StD THREE STAR....— 14/14 JMM 17/11 IMM652 words
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Page 15 Advertisements
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Advertisement992 1979-05-23 15 Overseas I II I Containers Limited Weekly service to/from UK/Europe To UK/Continent n«t ria stM Stan PKAang Dmart Iran A'trarp UHm 11* HanAwt Eiprtu 24 Hit 14 In It In 17 In 20 In 21 Jn 30 Hi| 19 In 21 In '22 m 24 In 17 In K««An lay992 words
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Advertisement932 1979-05-23 15 GRANARD LINE RELIABLE t DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST /MEDITERRANEAN S'm MHa| M.V. ICLIA VJM »Htr MV MM HHC *77* 12 1m 15 km M.V. MAN FUNS »J«I. 12 M All KSXIS ACCEPTMG CONTAMER CARGO HWi/P SMd/ Ateundru Bwut/lattafcia PirtMK/Tripok/BM(luzi Mtfah/P Saf/Ateianrtria B«Hvt/LMMSSOI/l4tUkM/ Piretus Benght/i Inpoh MM/P Swl/Ateundru932 words
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Advertisement758 1979-05-23 15 ~7 BEN LINE CONTAINERS EXPRESS CONTMNER SERVICE TO/FROM EUROPE 10 MOW S p«« P Hamtwri Express 24/5 Brenwn Eipress Ko«toon Bay 30/5 Honfkoat lip ess 4/6 Kamakura Maty 9/6 Tokyo Ba, 13/6 Carftfan Bay 23/6 Tokyo E(press 78/6 £lbt Mam Osaka Bay 8/7 FROM rUtOl: HBURG B'NAVEN i* Germany/Austria TeAyo758 words
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Advertisement562 1979-05-23 15 1 1 1 Scan Dutch 9 WEEKLY EXPRESS CONTAINS IVI ill Wi;i »> <»ra 4 'Tin *i: i 1) Main 2) Mm Hbvf 4) Cta>| n/« u/« 21/4 a/4 22/4 a/l M/( 2/7 a/4 S/7 7/7 4/7 7/7 11/7 15/7 17/7 11/7 IS/7 17/7 11/7 17/7 a/7 24/7 21/7 a/7562 words
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Advertisement672 1979-05-23 15 BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD LOADS FOR E. S. AFRICA BEECWAW (Reunion Maiunga Durban. Ctown PE E Ldn) Spore 4/7' Aw P Kdang 10 tun FROM EAST t SOUTH AFRICA FOR BANGKOK MAW A KSEL Penang P KMang Spore Am U.S. GULF COAST SERVICE (New Orleans, Mobfle, Houston,672 words
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Page 16 Advertisements
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Advertisement1034 1979-05-23 16 K LINE KAWASAKI KISEN KAISHA. LTD. EUROPE EXPRESS SERVICE TO EUROPE Spore P Keiang LHa»re R'dam Hburg Bremen t'mp 11 kin 12 tun 17 tun 18 ton 26 tun 27 iun 2My 3My IS lun 17 lun 21 tun 23 Mi (acceping cargoes to Scmdiuni <u Hamburg) FROM EUROPE TO1,034 words
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Advertisement800 1979-05-23 16 U.S.A./EAST CANADA SERVICE E.C./GREAT LAKES SERVICE LOAMS FOR: m TOM. NORFOU, MONTREAL, TORONTO, Penang Mm* P PWang Singapore -msrmmraot i/ttm a/11 May a/am -wsMAitr a/30 tm n/nim a/aM CAUFORMA/PACFK NORTH WEST SERVICE UB MSOn. SIR FMNCSCO. KIIIII. IMOML MNHMMX. IC. fVwj P Ma* Singapore I MiUti 2° »/»My 27/ai, a/SoM,800 words
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Advertisement418 1979-05-23 16 < > I'OIII > SINGAPORE SNIPPING AGENCIES PTE. LTD 20TM FLOO« OC t AN BOH D NG SINGAPORE 1 VAR K E TING 9't V 2 <3 LINES* GE NE RAi 9•3 t li 114 t INE Si TELEX RS 2459S RS 2SS6B A B C A RSHIP •CA Bl418 words
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Advertisement606 1979-05-23 16 wiiiisi _MAi~*rSiA\ INTtRNATIONAI SHIPPING CORPORATION BfPHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WEST KMC: f ton* Vessel S port 1) Msedtes 2) Rdam 3) H'barf 4) Gtw>( 1) Barcelona Gmo*. 2) Amsterdi Brtawato**. Aartim, Capeahapn I 'Kcctftmt [trope carfo tor taoto i Bdbao. Bask. UK. 3) Bremen Uwim. Oslo 1)606 words
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Advertisement775 1979-05-23 16 1 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****11'235-J057 VOAAVIA'IIVI mtm KGUIM MDEPENDENT SEM/FUU COMAKER SERVICE TO EUROPE FttlKIS U ir—t, tktai f P n n c Ut*| iK F«auS ma (CM S*> 4tm Tribury Rotte 2IMa» ft Hly Awn (UK)/Aatrp/Tdkary/ (TO) tIB USUI, aOOMK Z3SM&I775 words
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Page 17 Advertisements
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Advertisement310 1979-05-23 17 EGYPTIAN INTERNATIONAL LINE (EIL) 1 EGYPTIAN FLAG GBN FAR EAST WEST AFRICA SERVICES CONT/UNER BULK SERVICE TO LAGOS/APAPA, PORT HARCOURT, TEMA, MONROVIA DOUALA AND ABOiAN VESSEL Japan H.Konf Spore Lacos ICRMAD I 15/18 May 23 Mar 17 Jun ACCEPTMG BOTH CONTAKRS MO PALLETISED CARGO GBN ALSO ACCEPT CARGO FOR CONAKRY.310 words
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Advertisement328 1979-05-23 17 ALFRED C. TOEPFER LINE REGULAR SERVICE TO NEMTERRMCAM PORTS OF ITALY. SPAM. FRANCE TMBER SERVICE S'pore P. Ketone Ldf For: ANTONETTE 8 Jute 10 June Salerno, Monfalcone TRnn^pgßT ANHSING OVERSEAS LINE REGULAR SEH-CONTMO/LNO SERVICE S'pore P Ketone Penang loadng far: *IMON YENBO 5/7 Jw Mdah •UNON BOSTON 25/27 lun Mdah328 words
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Advertisement275 1979-05-23 17 ARMADA SHIPPING APS LOADING FOR NORFOLK/PASCAGOULA SINGAPORE PORT KELANG PENANG "SEA TO" GDN 44/24 May 25/* MAY 27/21 MAT GENERAL AGENTS: EVERETT STEAMSHP CORPORATION S/A CM«4C«** Sag*«* 1 Id SS4II/J bat*UM Id 3»7721/l X back SfrMt hmi t» *103 OCJC Id *****/) €*pr*s* igtd BOUNO LOAOMG FOR MUSCAT DUBAI ABU275 words
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Advertisement248 1979-05-23 17 P.T. PERUSAHAAN PELAYAKAN ANGKUTAN PERTAMBANGAN THE ONLY SBCATORE BfXVCSIA CONTAfO FEEDER SERVICE AUTHORISED BY BOONESIA GOVERNMENT WITH FULL CONTAIO VESSELS EACH CARRY MG 112 TEU VESSEL nyniir wi I FWVHUIQ VI.. TAX AM I I ALSO ACCEPTMG CARGO FOR MDONESIA GOVERNMENT PROJECT AND HEAVY MACHMERIES I TAKARIIV TAKARI V SINGAPORE248 words
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Advertisement305 1979-05-23 17 NOTICE m.v. Cherry Sindia arrived 18/5/79 p.p. w. gdn. 303. Consignees or damaged ex the above vessel are hereby notified that the general survey shall be held on the 28/5/79 from 0900hrs to 1600hrs No further survey will be held after this date Lian Soon Shipping A Trading Co. Pte.305 words
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