The Business Times, 25 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. 141/1/71 FRIDAY, MAY 25,1171 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Petroleum-based area
      81 1 AFP KUALA TRENGGANU, Thurs. An industrial area to locate all petroleum-based industries is being planned in Paka Kerteh with an investment of about M 51,500 million, Malaysian Finance Minister Tengku Razaleigh Hamzah said today. He said the project covering 292 hectares would be situated near the petroleum supply
      AFP  -  81 words
    • Article
      Lock icon Smuggling bid foiled
      72 1 AFP MANILA, Thurs. Philippine security agents stumbled upon US$l million (552.17 million) about to be smuggled to Hongkong following a bomb threat aboard a Cathay Pacific Airways' jetliner, authorities disclosed today. Security officer Major Danilo Santa Clara said the money in cash and cheques was found in
      AFP  -  72 words
    • Article
      Lock icon N.M. Rothschild move
      72 1 Reuter N.M. Rothschild and Sons (Hongkong) Ltd said it joined the Gold Exchange of Singapore as an overseas associate member. Membership of the Singapore exchange would give clients access to an additional gold market, providing increased arbitrage opportunities, it said in a press statement. N.M. Rothschild and
      Reuter  -  72 words
    • Article
      Lock icon Kerosene price rise
      81 1 Reuter JAKARTA, Thurs. The Indonesian government has raised the price of kerosene for domestic consumption from 18 rupiahs (about seven Singapore cents) to 25 rupiahs a litre. The old price had been in effect since 1976. Mining and Energy Minister Subroto said the increase was intended to
      Reuter  -  81 words
    • Article
      Lock icon Refugees must return
      71 1 UPI BANGKOK, Thurs. The Thai Supreme Command said today all refugees from fighting in Kampuchea ihust be pushed out of Thailand for national security, but soldiers will have their weapons returned to them. Supreme Command spokesman General Som Katapan told newsmen at a press conference the Thai
      UPI  -  71 words
    • Article
      Lock icon Dow Jones
      95 1 AP NEW YORK, Thurs. The stock market gave ground this morning. The Dow Jones average of 30 industrials dropped 1.90 points to 835.50 in the first half hour. Losers took a 3-to-2 lead over gainers among NYSE-listed issues. Earlier in the week, signs of a slowing US economy
      AP  -  95 words
  • Chief Price Changes
    • Article
      SINGAPORE
      130 1 Rises Indices C E Life 850 30 Sthn Kinta 800 10 May 23 May 24 PMC M Cement CCN 3SM 340 550 +0 0 5 5 B.T Index: Industrials: 2326.30 2317.65 402.43 402.23 Supreme Corps Bolton 173 Finance: 705.15 705.44 188 3 Hotels: 297.60 296.67 O U B 410
      130 words
    • Article, Illustration
      KUALA LUMPUR
      137 1 Rises Indices Kamunting 370 G Ropel 328 Falls Kluang 410 S. Trading 720 Berjuntai 840 Maiex 392 Taiping Con 430 Kempas 515 DBS 520 A. A ma] 5(0 Utd. Mai 560 Consplant Wrts 600 OCBC 750 A. Hitam (t) 1250 50 16 -22 -15 -15 -12 -10 -10
      137 words
  • Article
    Rollei focuses on sub-contracts
    788 1  -  KNOWHOW TRANSFER POSER By GOH ENG KEE ROLLEI Singapore, the main production arm of the West German camera group, is gearing its facilities to cope with an increasing volume of subcontract work that is expected to account for up to or more than half its total
    788 words
  • Article
    Lock icon Malaysia to raise Concorde issue?
    211 1 AFP THE inclusion of a pollution expert in the Malaysian delegation may introduce a new element into the Britain-Malaysia air talks, the fifth round of which is scheduled for next week in London, Beraama News Agency reported yesterday. The presence of Goh Kiam Seng, director
    AFP  -  211 words
  • Article
    Bigger role for the securities industry
    626 1  -  By QUEK PECK LIM Financial Correepondent 1 A COMMITTEE of fund managers and merchant bankers working at the be--best of the Monetary Authority of Singapore (MAS) t is now reviewing the operations of the securities i market to see if it can be revamped
    626 words
  • Article
    RUBBER FULL OF GO
    113 1 RUBBER prices yesterday moved closer to a 19-year high when it breached the 310-cent a Idlo mark *nH edged the 315 level of mid--1960. Spot rubber in Singapore and Kuala Lumpur closed at 312J0 cents a kilo, after gaining more four cents. June RSS One Buyers
    113 words
  • Article
    Two from OCBC's stable join the rate race
    275 1 TWO MOKE leeal teaks, this time frem the Oversea CMwf Cerperatles (OCBC) •table, have jetaed the nviagi depeeit rate raee. The Baak *f Stag* pre Is raWag Hi eavtags rate by LI pereeatage petals to l.f per eeat today, while the Fear
    275 words
  • Article
    DuPont sets up $6m electronics subsidiary
    464 1  -  By JOHN LIM THE largest US chemical company, E.I. DuPont, is setting up an electronics subsidiary here. The "high technology" investment of about |6 million will start up around next April. DuPont (S) Electronics Pte Ltd will be a boost to the local electronics
    464 words
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  • TRADE AND INDUSTRY
    • Article
      Commercial property prices unhealthy
      565 2  -  By FONG MEW LENG DESPITE the "unhealthy" rises in prices of commercial property, the Government will continue to encourage private sector participation in property developments. The Minister for National Development, Mr Teh Chang Wan, said at the 20th anniversary dinner of the Real Estate Developers Association
      565 words
    • Article
      Orion to make high value-added products
      227 2  -  By JOHN LIM ORION, a Japanese manufacturer of electronic audio products, will be investing "a couple of million dollars to make sophisticated products" in Singapore. A company spokesman, when disclosing this, would not elaborate and declined to specify the "sophisticated products" to be made
      227 words
    • Article
      SITC EXAMINATION
      152 2 THE Singapore Insurance Training Centre (SITC) will be holding the next Life Insurance Agents Certificate examination from Sept 4 to 7 this year. The examination comprises four papers and candidates can answer in the any of the four official languages. Registration for the examination, at $20 a paper,
      152 words
    • Article
      Jetro move to promote use of computers
      247 2 THE Japan External Trade Organisation (Jetro) in Singapore has set up an industrial electronics division to promote computerisation in the Asian region. Announcing this yesterday, Mr Ippei Takeda, general manager of Jetro, said the division will disseminate computer technology information to the governments
      247 words
    • Article
      Montedison projects $57 m turnover this year
      389 2  -  By FOO CHOY PENG MONTEDISON Singapore (MS), the local trading arm of the Italian Montedison group of companies, has projected a turnover of $57 million for its Asean operations this year. The trading firm, set up some three months ago to replace its
      389 words
    • Article
      Fight barbiturate abuse, GPs urged
      157 2 THE Ministry of Health urged all general practitioners to cooperate in its fight against barbiturate abuse in Singapore. The Ministry has requested them to submit weekly returns on details of their barbiturate prescriptions with effect from April The aim is to control the misuse of
      157 words
    • Article
      MEMO PAD
      440 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, srrc May 28-30: Workshop 2: Modern techniques and strategies for management problem solving, SIM, SIM May 29-30: Job evaluation, Ming
      440 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      70 2 {'*~{?+]<;{(,`<+&|./->{]-{^})`[ For Men-at-the-Top ...z ~.+\> m < r 7 X <•* 4 5805 Brown Black i 2705 Brown ***** Brown r >5 ***** Black From England. David Scott shoes. Made with the same renowned Northamptonshire quality workmanship. Shoes that reflect your success. Your style. Your all-important look. Elegant and comfortable
      70 words
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  • REGIONAL
    • Article
      How to lure industries to the rural areas
      602 3 TAX incentives alone are not enough to encourage the dispersal of industries to the rural areas in Malaysia. The important factors are the availability of good infrastructure facilities, accessibility to main market outlets and suppliers of raw materials, easy supply of trainable
      602 words
    • Article
      Tokyo-KL talks
      51 3 JAPAN and Malaysia will hold consultations in Kuala Lumpur next week on bilateral and international matters, the Japanese Foreign Ministry said yesterday. The talks will be attended by Mr Masuo Takashima, Japan's Deputy Foreign Minister, and Tan Sri Datuk Zakaria bin Mohamed Ali, Secretary-General of the Malaysian Foreign
      51 words
    • Article
      Lock icon Set sight on expansion, investors in KL told
      628 3 AFP ESTABLISHED foreign investors in Malaysia have been urged to take advantage of opportunities for expansion of their business and to stop complaining about Government policies. Malaysian Deputy Prime Minister Datuk Seri Dr Mahathir Mohamad said what is acceptable to new foreign
      AFP  -  628 words
    • Article
      DIVIDENDS ANNOUNCED
      865 3 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% DuaJop Eat 20%<h) Apr 18 Apr 30 May 25 32% 30% I C B 10%(b) May 11 May 18 May 25
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    • Article
      SCRIP ISSUE
      148 3 Company Particulars Ex Date Books Close Boris SKA Utd Plant OUB Olympia Oriental HMgs Mai Flour Right* Issue of 3 for 5 <e <1.00 per share Bonus Issue of 1 for 4 Bonus Issue of 1 for 6 Rights Issue of 1 for 8 6 $2.00 per share
      148 words
    • Article
      Lock icon China and Japan reach accord on more flights
      267 3 AP JAPANESE and Chinese negotiators have reached agreement to increase the number of air (lights between the two countries, a Japanese report from Beijing said yesterday. They also have reached agreement in principle on the introduction of jumbo jets late this year
      AP  -  267 words
    • Article
      Lock icon Beijing goes ahead with chemical plants
      241 3 Reuter JAPAN'S Toyo Engineering Company (TEC) said its contracts to export three chemical plants worth 33 billion yen (Ss33o million) to China have been reactivated after suspension by the China National Technical Import Corporation last February. The plants to be built in Shandong province
      Reuter  -  241 words
    • Article
      Lock icon Oil source switch
      162 3 UPI JAPAN has shifted its import of oil from Iran and latin America to other Arab countries and Indonesia. The country's total import of crude oil in April reached 23.43 million kilolitres, 8.4 per cent higher than that in the same month last year, the official Agency
      UPI  -  162 words
    • Article
      Hongkong CPI higher
      45 3 HONGKONG'S 'A* consumer price index rose 3 per cent in April to 137, base 1973/74, compared with a 1.5 per cent March rise to stand 9.6 per cent (9 per cent) above the year ago level, Census and Statistics Department figures show.
      45 words
    • Article, Illustration
      Lock icon A tent-ative refuge...
      52 3 Mare than 4,5* Kampacheaa civilians, mostly ethnic Chinese, setting op ft teat city east of Chaatoharl, a small Thai harder tawa, early this week. They refnsed to return to Kampuchea and have height plastic sheets (ram the tocal Thai villagers to erect their teats. AP photo Source:
      Source: AP photo  -  52 words
    • Article
      Lock icon JAKARTA LABOUR FORCE FOR WEST ASIA
      149 3 AFP INDONESIA expects to send some 100,000 Indonesians to West Asia in the next five years to work on projects won by Indonesian contractors. The figure was given in Jakarta yesterday by Dr Zainui Yasni. chairman of the Indonesian team coordinating exports to West
      AFP  -  149 words
    • Article
      Lock icon More Opec aid to head off debate?
      485 3 AFP Reuter THE Opec is considering an additional US$BOO million (5J1.73 billion) in Third World aid in a move to squelch a Latin-American bid to include oil price hikes in the fifth Unctad agenda. This was disclosed by authoritative sources yesterday as the
      AFP; Reuter  -  485 words
    • Article
      UK urged to take 'cargo' of people
      197 3 THE British freighter Sibonga arrived off Hongkong yesterday with 984 Vietnamese "boat people" a human cargo that Hongkong wants Britain to accept. The 7,500-tonne Sibonga rescued the refugees from two sinking boats off the Vietnamese coast and its captain radioed Hongkong to say
      197 words
    • Article
      Lock icon Spy planes return to Siberia
      82 3 Reuter TWO Soviet long-range spyplanes have returned to Siberia after spending a week in Vietnam, Japanese military sources said yesterday. They said that Japanese Fighter planes scrambled from Okinawa escorted the Tupolev 96 "bear" reconnaissance planes as they flew north towards their regular bases in
      Reuter  -  82 words
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  • RAW MATERIALS
    • Article
      Delhi pledge on KL palm oil
      321 4 MALAYSIAN palm oil producers have been given an assurance that India will continue to buy their products as long as the price and quality are acceptable. Disclosing this, visiting Indian Minister of State (or Commerce, Civil Supplies and Cooperation, Mr. K.K. Goyal, told members
      321 words
    • Article
      Rubber producers to meet in Papua
      204 4 THE A—eUtt— ti Natarat Babber Predadag Caaatries (ANKPC) will held Its next aaaaal geaeral meetlag la Papaa New Gplaea at the ead «l My. A semlaar w the utaral rabber lndastry will alaa be beM tram Jaly 91 to Aag J, the ANKPC secretary-geaeral,
      204 words
    • Article
      Lock icon Sekhar to head new Malaysian research board
      183 4 AFP THE Malaysian Controller of Rubber Research Tan Sri Dr. B.C. Sekhar has been appointed chairman of the Palm Oil Research and Development Board. Announcing this, Malaysia's Primary Industries Minister. Mr Paul Leong, said Dr.Sekhar had already been associated with the preparatory work
      AFP  -  183 words
    • Article
      Lock icon Opec sugar imports
      265 4 AFP OPEC members imported 1.3 million tonnes of sugar, from the EEC in the first 7 months of last year, compared with 613,128 tonnes for the whole of 1977, figures published in the International Sugar Organisation's latest interim monthly statistics show. Analysts said this reflects the limitations
      AFP  -  265 words
    • Article
      RUBBER
      438 4 OPENING prices in Singapore yesterday were marked down slightly on lower London and Japanese advices, but values later rallied some five cents on June covering and July demand to a high of 306.50 cents a kilo for June. Speculative and upcountry buying and lack of sellers also aided sentiment
      438 words
    • Article
      RAS PRICES
      355 4 R AS prices In cento per kilo yesterday: Noon rw (per kilo) Buyers Sellers Int. 1 R.S S. prompt f.o.b. ***** 312.50N tat. 1 R.S.S. June 305.25 305 75 tat. 1 R.SS July 297.00 297 50 tat 2 R.S.S 2S3.25 284.25N UK Coot ***** 293.25N tat. 3 R.S.S.
      355 words
    • Article
      SSR and SMR
      121 4 NOON SSI KAfl i and SMR pnca* 1 Unlay Jaijr JIM |Cn T«M Mlk) iH Mtk) Bay< acjo rn gtlbn Bayi m Saltan 288 SON SSR 20 11 Loo paJbt) 288 SON 286 50 SSR50 (Ilea paikti 283 50 286 SON 283-50 286 SON MULB SMR CV
      121 words
    • Article
      Palm oil
      64 4 CAT. North European port*, in US dollars per ton unless otherwise stated LONDON: Malaysian 5%ffa bulk per tonne unch 906' sir July Sumatra 5% ffa bulk May unch 687 pd June unch July 870/687 pd 675 Aufust unch 66S«lr September unch 66Upd Nigeria 5% (fa bulk st« unq
      64 words
    • Article
      Produce exchange
      367 4 TRADING took on the dull and featureless pattern of last Monday at the Singapore produce market yesterday. Uncertainty in the overseas market and the supply situation was cited as the main deterrent. Good buying inquiries continued to be received for coconut oil. But millers were not too keen
      367 words
    • Article
      Wheat
      110 4 WHEAT futures gained 3'/« to 2'/« US cents a bushel in Chicago on Wednesday. Traders said that after a weak opening, prices rallied on local short-covering and commercial buying which hit commission-house buy stops. Talk circulated on the floor of a possible large wheat sale to the Soviet Union,
      110 words
    • Article
      Closing prices
      30 4 Rubber: May 24 Singapore: June: 306.00 cents (up 4.00 cents) Malaysia: June: 307.25 cents (up 3.75 cents) Tin: $1,973 (down $2) Official offering: 205 tonnes (up 35 tonnes)
      30 words
    • Article
      Straits tin
      63 4 THE STRAITS price ta Peaang yesterday dropped Ms 2 to $1,173 a picol. Despite the small drep, prices held steady fallowing the metal's tread aa the Lsadea Metal Exehaage yesterday eoapled with same haylag demaad (rem Japas aad locally, dtslrrs said. Total vetame of tla eeaeeatrates delivered rase
      63 words
    • Article
      Duty rates
      88 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from May 24 until further notice: Batter: 281 cents a kilo; Copra: Mi 1,355.84 a tonne; Pain kenel: $965.75 a tonne; WMte pepper: $4,550.67 a tonne; Kaefc pepper: $2,986 49 a tonne; The rates of duty
      88 words
    • Article
      LONDON MARKETS
      608 4 COFFEE: Robusta futures yesterday extended opening losses to trade in mo6t positions below last week's lows, dealers said. The morning close was steady at the lows with losses from Wednesday of £34 to £20 per tonne. Turnover was 2,611 lots including seven options and about 700 lots of
      608 words
    • Article
      Soybean
      195 4 CHICAGO soybean futures failed to maintain gains in old crop months when late selling came in on Wednesday. Prices closed mostly lower. Prices were up iv 4 to down four US cents a bushel. Old crop prices rallied just after midday on strength in wheat and trade talk of
      195 words
    • Article
      Rice
      344 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0.96. 100 per cent second class O.K. 100 per cent third class 0.80, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.62. Special 0.56.
      344 words
    • Article
      Hongkong Comex
      144 4 THE SUGAR futures market yesterday continued the recent quiet trend with no trades registered as on Wednesday, dealers said. July closed at 7.90/95 US cents against Wednesday's 7.75/80 close and the distant May at 9.63/67 against 9.55/ 60 cents. Sugar futures closing prices: PTfvWn CMag Ctaatag July 7.90/96
      144 words
  • ASIAN STOCKS
    • Article
      Lock icon Focus on resources
      546 4 Tokyo Source: DBS-Daiwa THE market rebounded yesterday with attention mainly on resources-related issues aad incentive-backed issues such as Nippon Oil, Arabian Oil, Kyowa Hakko and Toyo Kogyo shares which had fallen sharply during the last few days on profit-taking by shortterm traders. High-priced light-electrical issues Including Sony,
      Source: DBS-Daiwa  -  546 words
    • Article
      Lock icon Hongkong
      348 4 Source: SHK Sec Ltd. GENTLE selling pressure in a quiet market eased prices again yesterday although once again Wheelock Marden shares attracted speculative interest. Early buyers pushed the price to 3.55 before sellers came out in force, the price failing to 3.475 by the close. HK Bank remained unchanged
      Source: SHK Sec Ltd.  -  348 words
    • Article
      Sydney
      310 4 MINING stocks were firm yesterday in an otherwise dull market, dealers said. BHP rose eight cents to 9.50 while among mining* CRA rose five cents and Comalco, Hamersley and Western Mining three each. Among uraniums, Queensland Mines rose 10 to 3.15, but golds eased with Central Norseman losing $1
      310 words
    • Article
      Manila
      89 4 MAY 24 Peso* Acoje Mining MM ***** AUu Con A AUu Con a 23 -•1 Baguio GolO OOM -***** -*s Benguel Con B BIO BF Goodrich unch CDCP as 0 2 Inco B Landoll 0196 -0 0006 Lepanto B J1S0 unch Marinduque B 190 -09 Mcrmlco Oriental A Oriental
      89 words
    • Article
      Bangkok
      267 4 THE stock market closed mixed yesterday with a firmer bias in moderate trading, dealers said. MAY M BahU 4 A Asia Credit 230 2 AiU Fibre I'M 4-8 Ayulhays In*. A rul Trust IM 48 Bangkok Invfiunpnl 254 6 Bangkok Bank M4 ♦a Bangkok Drying '•J silo Bangkok Insurance
      267 words
    • Article
      Selected indices
      59 4 FINANCIAL TIMES INDUSTRIALS Wednesday 522.4 Tuesday 517.6 Week Ago 538.2 DOW JONES AVERAGE INDUSTRIALS Wednesday 837.40 Tuesday 845.37 Week ago 828.48 LONDON DOLLAR PREMIUM Wednesday 58'. to 59'. Tuesday 58 7 to 58 3 H.K.HANG SENG Thursday 558.19 Wednesday 581.83 Week ago 588.16 SYDNEY INDUSTRIALS Thursday 488.49 Week
      59 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      110 4 THE RIGHT LIGHT DRMK FOR A SERIOUS LUNCH Cool, refreshing, lifts you up. Pink, light, doesn't Knock you do* vn. Only discerning palates can acquire this new taste sensation. Campari Tonic Cam pan Soda Campan 7UP <£ Campari Orar \ge Campari A You. <D Sole Agent: FOOD 8 BEVERAGE (PTE)
      110 words
    • Advertisement
      Page 4 Advertisements Column 2
      295 4 Pay line Group (Construction and Industrial Equipment Division) International Harvester s Payline Group one ol the world's largest producers of construction and industrial equipment including crawlers, tractors, loaders, dozers. scrapers, excavators, backhoes and ofl-highway trucks is searching for qualified university graduates as candidates for its Personnel Development Training Program. Useful
      295 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon TOWN HANDOVER
      49 5 ISRAELI tmps and policemen (left foreground) watching a group of Egyptian workers waving as they enter El Arish at the head of a convoy of Egyptian military tracks on Wednesday, two days before the town is evacuated by Israel after 12 years of occupation. Source: AP photo
      Source: AP photo  -  49 words
    • Article
      Lock icon Brazil's arms sales going great guns
      182 5 UPI BRAZIL has moved from importing weapons to the sixth largest weapons exporter in the world, the president of a large armoured transport and cannon manufacturing firm said. Jose Ribeiro, president of the Engesa Company, said Engesa alone exported some US$2OO million (5J434 million)
      UPI  -  182 words
    • Article
      Lock icon Libya reveals oil conservation plan
      152 5 Reuter LIBYA plans to cut oil production in order to conserve reserves, Libyan leader Muammar Gaddafi said. Mr Gaddafi said no date had been set for the cutback and refused to indicate how much production would be reduced. "It is not settled yet, but this
      Reuter  -  152 words
    • Article
      Lock icon CBI LEVELS WITH HOWE
      138 5 Reuter THE Confederation of British Industry said Chancellor Geoffrey Howe risks serious inflationary consequences if, in the June 12 budget, he raises value added tax above 10 per cent from its present 8 per cent, the domestic news agency, Press Association, reported. CBI representatives told the
      Reuter  -  138 words
    • Article, Illustration
      Lock icon Giscard's counter to the Big Two blocs
      128 5 Reuter FRENCH President Valery Giscard d'Estaing has mtmmi a new international groaping linking West Europe to the Arab and African worlds to counter the two superpower blocs. Speaking at a state banquet in Khartoum m Wednesday night, he said his initiative had the
      Reuter  -  128 words
    • WORLD IN BRIEF
      • Article
        Lock icon POLL ON EEC IN BRITAIN
        559 5 Agencies BRITISH membership of the European Common Market is growing more unpopular with Britons, with more than half of them believing membership a "bad thing," according to an opinion poll released on Wednesday. The poll, by NOP Market Research Limited, showed that 51 per cent
        Agencies  -  559 words
    • Article
      Lock icon 'Long and deep recession ahead' warning
      804 5 NYT THE impending economic recession in the United States could be deeper and longer than expected and might last throughout most of next year, the head of America's largest securities and investment banking firm said in Geneva on Wednesday. Mr William Schreyer, president of
      NYT  -  804 words
    • Article
      Lock icon 60,000 Canada jobs to go
      388 5 UPT CANADA'S Prime Ministerelect Joe Clark said on Wednesday he will replace Pierre TVudeau's government in 10 days, then go about slashing 60,000 government jobs and returning Canada's state-owned oil company to the private sector. But Mr Clark's minority Conservative government also faces the unpleasant
      UPT  -  388 words
    • Article
      Lock icon Five Democrats fight Carter's nomination
      291 5 Reuter PRESIDENT Carter, rebuffed in Congress over his energy and budgetary policies, is now facing a rebellion in the ranks of his own Democratic Party. Five liberal Democratic congressmen on Wednesday announced a drive to stop him getting the party's 1980 presidential nomination. Three of
      Reuter  -  291 words
    • Article
      Lance charged with 22 counts of irregularity
      255 5 BERT Lance, the country banker who was President Carter's Budget Director before past financial dealings came back to haunt him, was indicted by a federal grand jury on Wednesday on banking irregularity charges. The American Justice Department announced the indictments by a grand
      255 words
    • Article
      Lock icon Ecevit angry
      50 5 NYT TURKISH Prime Minister Bulent Ecevit is furious at what he feels are efforts by Washington to pressure him into accepting U-2 flights over Turkey to monitor missile tests in the Soviet Union and is insisting on Soviet consent before allowing them, according to high Turkish officials. NYT
      NYT  -  50 words
    • Article
      RUSSIAN TRUCK PLANT EXPOSED
      158 5 US intelligence officials said on Wednesday that a Soviet truck-manufacturing plant built with American help was producing engines for military vehicles. According to the officials, a Central Intelligence Agency officer, testifying at a closed hearing of the House armed services subcommittee, confirmed a secret government report
      158 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      772 5 ARRIVALS Service Local Operator Number Time From SIA SQ911 1240 SFO/HNL/GUM MAS MH684 1245 KCH SIA SQ201 1245 HLP KLM KL833 1300 AMS/ATH/ KHI CMB THAI TG413 1310 BKK SIA SQ1 1325 SFO HNL/GUM/ HKG MAS MH651 1330 (MES)/PEN/KUL SIA SQ455 1340 BWN SU SQ61 1340 BKK
      772 words
  • Page 5 Advertisements
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  • Article
    Shot across bows of developers
    502 6 THE SPEECH by the Minister for National Development, Mr Teh Cheang Wan, to real estate developers was nothing short of an open warning. Singapore cannot afford high rentals for factory space. Neither can it afford costly space for selling tourist goods, he said. And if
    502 words
  • Article
    Keep the small investors in mind
    338 6 ANY MOVE that will result in an expansion of the role of the local capital market and the volume of activity on it is to be welcomed. But the feeling must be tempered with caution because of the character of the institutions behind the
    338 words
  • Article, Illustration
    Lock icon Rotterdam's spot oil market woes
    715 6  -  The Rotterdam oil market is proving an annoyance to Western nations as oil producers accuse oil companies of profiteering. PAUL LEWIS reports. PAUL LEWIS NYT FROM the window of his office in Rotterdam, where the Rhine river flows into the North Sea, Mr Hans Groen
    NYT  -  715 words
  • Article, Illustration
    Uranium may be the answer
    589 6 Europe's energy planners, worried about their dependence on outside sources, have received reports of vast uranium reserves in the Continent. AS Europe tightens its belt after latest warnings of even steeper rises in oil prices, it can draw consolation from the prospect that its uranium
    589 words
  • Article
    Lock icon No easy way to tie up speculators
    402 6  -  By CHARLES SCIFFMAN AFP WHEN spot market prices for crude oil soar, Western European government officials and oil experts turn their eyes to the "free market" in Rotterdam. Energy ministers of the European Economic Commnity who met in Brussels on May 10 devoted
    AFP  -  402 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      87 6 CANADA TORONTO "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 Way
      87 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1186 6 Paper Chase romance RTB HAS ft few Intonating riwin far Hi viewers tonight. ta Channel 5 ftt 8.46 pa to Paper Chase, which kM been meved trMft the nans I Bft»dfty The MftM ftbeat the lM>|hi «f lint year tow ■Iftiwto ftt Harvard to ea the "met pnpnlar" Hat James
      1,186 words
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  • Article, Illustration
    Lock icon A middle-aged lady in a big hurry
    675 7  -  By MAUREEN JOHNSON AP MRS MARGARET Thatcher has ruled Britain for just 18 days and already its policemen and soldiers are richer, its Labour leaders angrier, its foreign policy tougher and its officials schooled in referring unhesitatingly to the Prime Minister as "she".
    AP  -  675 words
  • Article, Illustration
    Lock icon Mrs Thatcher, the housewives are confused
    993 7  -  Britain's first woman Prime Minister, Margaret Thatcher has puzzled some housewives by abolishing the department responsible for price control. She believes that is necessary for healthy competition but she is likely to try and control the pricing of some nationalised industries instead, reports DAVID
    FT  -  993 words
  • Article, Illustration
    Lock icon MOST VOTERS REMAIN INDIFFERENT
    855 7  -  Europe's first election By FLORA LEWIS NYT THE CAMPAIGN for the first European election ever held is in full swing, and not many Europeans are paying attention. Nonetheless, the vote on June 7 in Britain, Ireland, Holland and Denmark, which vote on weekdays and on Sunday
    NYT  -  855 words
  • Article
    A review of a reviewer
    647 7  -  ...with John Drysdale ANYONE picking up the latest edition of the Far Eastern Economic Review and reading a review of Dr John Wong's book on A sea 11 Economies in Perspective would either wish to forget Asean altogether, or would be so irritated by the
    647 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      461 7 Announcement to Shareholders The Board of Directors of Setron Limited ("Setron") has received from Haw Par Brothers International Limited ("Haw Par") a Notice of Takeover Offer ("the Notice"), in accordance with section 179 of the Companies Act, Cap. 185, in respect of all the ordinary shares (including those currently designated
      461 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      30 7 BriStoW: Ftauic tokens (?OHTO, N*G£L BETUER G&.T TUe, SMCXO OH 0080, "THC_ N«r»ves PfI£.GCJTirJG> Rfcsrixss. Pl£p\SC... 6£FOBE. WR PBESiDeNT Tpv<es v-\rs Sfcfvr ujc'li. Ges -rue. Pcen(VMNP«ies ov>&.<2. PWNID DONE. U>ITH
      30 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        97 8 MAY 23 FU ABN Ahold Akao AMETV fOOOnd 115.00 Amrot Bank 70.70 0.1 Bey01 00 BoU 06 00 -0.1 63J0 75 00 Calve Delft 182.00 1J Dell MM -2 Fokfcer Ford 29 30 0.1 Gelder 39 50 85.00 3? 80 HVA 51 50 IHC Intn Muller 3350 -0.4 KLM
        97 words
      • Article
        Paris
        265 8 MAY 23 Frs CORBEILLE Air-Liquide B S N Gervais Danone C S F (ThomsonCsf) 309 90 Ml 49 17 Cle Francaise d»s Pflrolfs Compagnie Financier® Compagnie Generate Credit Foncier 16X90 380 -2.5 unch Hachette (Librairle) Machines Bull Mlchelln (B) Pari baa Pechiney Clgine 236 957 210 4 5 -02
        265 words
      • Article
        Frankfurt
        228 8 MAY 23 Dm Aef-Telefunken 48 60 -1 Akzo 27JD unch Alls Lebtn 880 00 unch Allz Vers BASF IZZ 135.00 -1.1 Bay H T Wbank 252 SOB Bay Vbank 257 50 -1 135 JO -1 BBC 264 00 -13 BMW 219 SOB Cassella 387.00 .3 Chem Verw 282.00 unch
        228 words
      • Article
        Zurich
        184 8 MAY 23 Francs Actions Suisse* 300 •1 Alusuisse Br 1310 20 Alusuisse Reg 517 2 Brown Bovrrl Br 1806 -15 ciba Getty Br. 1330 15 Ciba Gelgy P C toao -10 Ciba Gelgy Hef 713 -4 Credit Suisse Br 2145 -5 Credit Suuae Reg 415 .j Eleklrowatt Br. 1960
        184 words
      • Article
        Brussels
        76 8 MAY 23 FYs FORWARD MARKET iinch 2S7D 1730 -14 Canptc 802 Cock SM .7 2146 unch Eteclrobtl Ob-lnno-Bm 2710 unch 10 1250 24 Hobok 2910 26 Pctro 4550 80 Ryl Dutch 2006 unch Sklro an Soc Ocn Be If Soflnt 2006 3470 unch -30 Sol ray A 2MA -00
        76 words
      • Article
        Milan
        98 8 MAY 23 Lire Anftf •015 Assoc Oen ***** -280 Baalof i 790 •10 Central 4071 •120 2787 .1 F insider im* -9 75 Gen Immob 96 25 1 IF! P«i 2330 -20 I Laic?menu ***** -100 Italfas 710 -10 llalsider 425 4-3 Ma*neu M PI 530 -10 Marelli Ere
        98 words
      • Article
        Prices down despite a firm opening
        1296 8 NEW YORK THE STOCK market dropped in moderately active trading on Wednesday, despite a higher opening, as investors began to worry that the US economy might be slowing down too quickly. The Dow Jones industrials feU eight points and losers led winners by a
        1,296 words
      • Article
        TORONTO
        168 8 MAY 23 C* Imp Oil Inco 29 23 It'. S Int UU 14. unch InU Nickel 23'. V Kerr AOd .i. Bank Nov* Scotia Bell Tel 22'. 22'- unch LobUw B 4 13 unch BeUi Corp Mkitafami Lake BriLsran 23'> Mr Blodel 23'; Si Camp Red Lake Can Imp
        168 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      639 8 Where to wine, dine and entertain For lunch. For dinner. For a richly rewarding experience. A.- Bu- i.irn h M- iii. r i,K v V"i ("K"ss l,v. R Siv.r ;1 X< 1 tv«vt". rit < A V fS) riiliin I'nrk i 1 I II S li :i u :< >\
      639 words
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      Page 8 Advertisements Column 2
      60 8 VSfe've Got A Great Thing Going 1 Ikrk n *> At the Great Eastern Hotel. Piccola Coffee House serves the most sumptuous Western and Chinese cuisines. Any time. 24 hours we are open. On Tuesdays and Fridays. Every week, we serve our house speciality. Chicken Rice. Hot and Tasty. vi
      60 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Inflation hits US finance houses
      298 9 Reuter Financial institutions in the United States are generally in good shape but (ace problems because of inflation, federal regulators told the Senate banking committee. The number of bank failures and problem banks declined last year, but this trend may not continue. Federal Reserve Board
      Reuter  -  298 words
    • Article
      Offshore plans by Harris
      154 9 THE CHICAGO-based Harris Trust and Savings Bank is planning to up-grade its representative office in Singapore to an offshore branch The bank's board has already approved the conversion. Applications for the conversion to the Federal Reserve Bank of Chicago and later the Monetary Authority of Singapore
      154 words
    • Article
      ANZ and Bank of Adelaide to merge
      142 9 THE Australia aad New IwhM Banking Orsap (ANZ) i-mn< yesterday that agreement has beea reached far It te merge wtth the Baak «f Adelaide. lie precise mm— by which the Merger will he achieved have yet ta he finalised aad details will tfcaUe.
      142 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        406 9 THE US dollar was traded in a relatively quiet market yesterday and went through a generally easy trend to close slightly weaker against major currencies. Against the yen, it opened at 219.35/45 and fluctuated within a narrow margin before closing a little lower at 218.70/90. Opening at 1.9145/55
        406 words
      • Article
        London
        216 9 STERLING yesterday remained firm, opening 0.1 higher on its effective index at 87.2. It was little changed at U552.0575/85 from Wednesday night's 2.0575/82 then edged up on fresh buying interest, dealers said. The dollar was slightly easier against most other major currencies, opening at 1.9145/55 marks from Wednesday night's
        216 words
      • Article
        Tokyo
        158 9 THE DOLLAR for overnight delivery yesterday closed at 219.10 yen, slightly above the 219.00 opening but down from 219.90 at Wednesday's close. Trading was moderate, with volume US$6lB million. The dollar eased in light late trading to a day's low of 219.00 yen at one point with Japanese banks
        158 words
      • Article
        Australia/NZ
        60 9 QUOTES on the Australia and New Zealand exchanges on May 24: AUSTRALIA: US dollar 1.1077/1.108 Sterllag 0.5401/0.5340 Ninety-day airmail buying rates: Sterling 0.5004 US dollar 1.1454 ninety day forward buying rates: sterling 0.5442 US dollar 1.1114 NEW ZEALAND: Reserve Bank midrate USSI-04K Trading Bank Indiratloa»: Sterling OJOU/OJOBI US dollar
        60 words
      • Article
        Gold futures close generally easier
        300 9 SINGAPORE gold futures yesterday closed generally easier compared with Wednesday night's close in moderately active trading, dealers said. Opening quotations were marked down around US$2 following the metal's overnight weakness in New York and the market thereafter fluctuated narrowly throughout the session, they said. Turnover
        300 words
      • Article
        Asian $ rates
        174 9 Asian rates ASIAN currency deposit interbank rates as at close on May 24: 7 days 1 months 2 months 3 months 6 months 9 months 12 months US Do liar* (Spot) Offer Bid 8H 8*. 10>. 10H 107/16 105/10 109/18 10 7/16 10*. 10H 10 13/16 1011/16 10*. 10H 1
        174 words
      • Article
        Discount
        51 9 RANGE of prices offered by discount houses on May 24: Overnight 4H 1 Call deposits 4M9 Closing D..; u a-m Dsyiag 3 month BCUWf Treasury bills 4H 4Mr 3 month Bank bills 7W 7H 3 month CD 71/18 6 15/16 0 month CD 7'* 7^» Source: National Discount Co
        51 words
      • Article
        MLR
        21 9 THE average rate al which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • Article
        Hongkong
        147 9 THE US DOLLAR yesterday posted small gains against major Continental currencies and the yen in slow featureless trading with some European centres closed for Ascension Day, dealers said. Demand for the US currency by local importers aided its advance to 218.96/ 219.15 yen from New York's 218.70/90 close overnight
        147 words
    • Article
      Lock icon German banking system cleared
      509 9 NYT A WEST German government*ppolnted commission, winding up a fouryear investigation of the dominant role of banks in the country's economy, called for the retention of the country's banking system while acknowledging certain potentialities for abuse. Rejecting liberal charges of conflict of interest by the banks,
      NYT  -  509 words
    • Article
      Calling all banks
      43 9 THE Anflitlw of Banks la Singapore will halt Its sixth asssal geaeral meetly oa Jue 21 at the Shangri-La Hotel. A laachesa fallows with Mrs EHatoth Sam, chief maaager sf the Maaetary Asthorlty of Magapsre, as the gaest sf haaaar.
      43 words
    • Article
      Untitled
      249 9 THERE are unconfirmed reports that Credit POSB may be considering a cut in the interest rates for its housing loans. The subsidiary of Singapore's national savings bank is known for its shrewd pricing tactics that have surprised its competitors consistently. The bank now charges 9 per cent for housing loans
      249 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      752 9 Ml* Incorporated with Limited Liability in the U.S.A. Bankers Trust New York Corporation and Subsidiaries Consolidated Statement of Condition (in thousand) Cash and non-interest-bearing deposits with banks Interest-bearing deposits with banks Investment securities (market value: 1978, $1,103,760:1977, $1,055.295> Trading account securities, net Federal funds sold and securities purchased under resale
      752 words
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  • Article
    DEALS DONE ON THE SES AND KLSE
    1528 10 In Singapore BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number ot shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted
    1,528 words
  • Article
    Unit trusts
    158 10 SINGAPORE UNIT ISUBT prices tar May tt) The Commerce 117 2.30xd The Saving Fund 1.40 1.41 S pore Prog Fund 1.01 1.07 S pore Sec Fund i.gr 1.98 S pore Invest Fund 135 1.43 S pore Equity Fund 0.S0 1.0* INCOME BOND UNIT (Curat prices) Income Bond 1.10
    158 words
  • Article
    SHARE INFORMATION SERVICE
    2647 10 1979 High Low Company Last Sale Gr*s Div Div or- Cvr SECTION ONE Gr'» Net Y'ld P/E Vol Day fOOO) High Low INDUSTRIAL COMMERCIAL 261 207 Acma 190* 123* Alcom 142 110 Allied Choc 180 150 B A T 265 260 Bata 74<* 60 Ben 240 185*
    2,647 words
  • Article
    Government bonds
    147 10 4 1/2% 1/8/80 (250.000) (99.328 99.448) 4 3/4% 15/9/80 (250X100) (99.558 99.858) 5 3/4% 1/8/78-80 (250.000) (100.708 *****8) 6 1/3% 1/6/79-81 (250,000) (100 JOB 100.458) 5 1/4% 1/3/81 (250,000) (100.068 100.158) 5% 15/4/81 (250,000) (99.508 9® 658) 5% T F 1/5/83 (250X100) (100.058 100.158) 7% 15/4/85 (250,000) (*****8
    147 words
  • Article
    Stock options
    92 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. C«M Storage (June 12.00) (0.348 0.405). C C (June $2.60) (0.448 0.505). Haw Par
    92 words
  • Article
    In Kuala Lumpur
    1627 10 BID and offer prices officially U«ed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of sham traded shown in brackets in tou of 1.000 unit* unless otherwise specified tNDVmiALS Aeaaa (IMS) cd l»Wlll (2.508 3.006) Atttm (IJ2B 1 BS) xd
    1,627 words
  • Article, Illustration
    Losses across broad front
    649 10 SHARES wnt tknagk t geaeral eirrettlti la qalet mad arderly tnuflag •a the Stock Exckaage af Shiga pare yesterday. Braken were aaaatly taUag the view that the market la aaftertag tram ladlgesttoa after a few days a( taeUag la la aatlclpattea sf a straag rally. Except
    649 words
  • Article
    Kuala Lumpur finishes mixed
    662 10 THE Kuala Lumpur stock market closed mixed yesterday in subdued trading. The high levels reached on Wednesday could not be sustained as profit-takers moved in. The easier trend was evident from the first trading session when buyers were conspicuous by their absence. Dull trading extended to
    662 words
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  • COMPANY NEWS
    • Article
      PH outlines planned reconstruction scheme
      987 11  -  By GERALD COLVERD DETAILS of the planned reconstruction of Plantation Holdings were disclosed yesterday. The £40 million (out SSIBO million) group is to split into two companies each with separate stock market quotations in London and Kuala Lumpur. All the Malaysian plantation subsidiaries will be
      987 words
    • Article
      Lock icon DATUK KERAMAT
      149 11 Reuter PREUSSAG AG of West Germany became the ultimate holding company of Datuk Keramat Holdings Bhd following Preussag's takeover last year of Amalgamated Metal Corp Ltd, the UK company which owned Consolidated Tin Smelters Ltd. Datuk Keramat said in its 1979 annual report that the ultimate holding company
      Reuter  -  149 words
    • Article
      COMPANY BRIEFS
      285 11 appointed a non-executive director. FUJTTEC Co. Ltd, Japaa: Ordinary profit for the halfyear ended March 1979 of 1.28 million yen compared with 0.67 million yen the previous period, on net sales of 6.50 million yen (6.19 million yen). No recommendation of any dividend. APOLLO Eateprises Ltd announced that
      285 words
    • Article
      COMPANY MEETINGS
      464 11 INDUSTRIAL tad Commercial Baak Ltd: AGM to be held at ICB Penthouse, ICB Building, 7th Floor, 2, Shenton Way, today at noon. Sealloa Hotels Ltd: EOGM to be held at The Crystal Ballroom, 2nd Floor, Hyatt Singapore Hotel, Scotts Road, todajr at 4.30pm. Oversea-Chinese Baaldag Corporation Ltd: AGM
      464 words
    • Article
      Haw Par's offer to Setron holders
      182 11 UNITED Chase Merchant Bankers, advisers to Haw Par on its takeover offer for Setron Ltd, has announced that the formal offer document to Setron shareholders will be dated not earlier than 14 days nor later than 28 days from the May 23 date of
      182 words
  • Article
    Lock icon Prospects for Boustead
    414 11 tfacsiaa S3OBCL.. HOCK LOCK SIEW BOUSTEAD Belilags is sae sf these sleeks which has (tntM cemfertabiy past it* peak level sf $3.21 reached last September. The reeeat laterest la the share leek It as Ugh as $&M, aai eves after prsfltdaklag tee* it hack te $3J9, the
    HOCK LOCK SIEW  -  414 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      5 11 •Dividend tabto on P»g« 3
      5 words
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      Page 11 Advertisements Column 2
      1246 11 ASSETS EUROPEAN ASIAN BANK BALANCE SHEET as at December 31,1978 mcludmg a) redscountable at the Deutsche Bundesbank DM21.204.346 88 b) own drawings DM 1794 650 32 Claims on credit institutions a) payable on demand b) with agreed We or subfect to agreed period of notice of ba) less than three
      1,246 words
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  • Article
    Lock icon Experts bare sliding growth for Big Seven
    598 12 AFP Reuter AMERICAN economic experts preparing (or the Tokyo summit meeting of the seven industrialised nations in June, have predicted Japan's economic growth rate in calendar 1979 will be around 5.5 per cent, instead of 6.3 per cent as pledged by the Japanese
    AFP; Reuter  -  598 words
  • Article, Illustration
    Lock icon ISRAELI WARPLANES IN REVENGE ATTACKS
    52 12 A HOUSE la the Palesttniaa-eeatrelled coastal town ef Pimm, Lebaaen lying in rains after Israeli warplaaes strafed and tombed it in reprisal fer a Palestinian liberation Organisation-planted bemb that killed three peeple eatside Tel Aviv, including a mether and her infant daughter. UPI phete Source:
    Source: UPI photo  -  52 words
  • Article
    Lock icon 'Keep out rivalry'
    126 12 Reuter JAPANESE Foreign Minister Sunao Sonada called on the US. the EEC and Japan to cooperate in trade with China and told EEC President Roy Jenkins it would be dangerous for non-communist powers to compete to give China advantaegous interest rates, Japanese sources said. EEC sources said
    Reuter  -  126 words
  • Article
    Lock icon Take steps to end confusion, EEC told
    134 12 AFP FIVE West European oil companies have asked the European Economic Community (EEC) Commission to take "urgent steps to end confusion" surrounding spot oil trading at Rotterdam. The Rotterdam market, where rates have soared, was still a marginal factor but it "maintains a
    AFP  -  134 words
  • Article
    Lock icon S. Korea starting to lag behind in export growth
    286 12 AFP SOUTH Korea, which has outstripped Taiwan, Hongkong and Singapore in the last few years in its growth of export trade, is now beginning to lag behind, according to an official report made to the government Trade Promotion Conference in Seoul
    AFP  -  286 words
  • Article
    Lock icon Lowest order for ships in 14 years
    588 12 AFP THE WORLD shipbuilding order book (ell to its lowest in 14 years in the first quarter of 1979, although the actual decline was the smallest since the slide began after the 1974 peak, according to Lloyd's Register returns released in London yesterday.
    AFP  -  588 words
  • Article, Illustration
    Lock icon Where the Huey Fong left off
    85 12 A POLICE heat mm illagdlr the British freighter, Sib—gn, which topped uck*r yesterday eatable ■aaghaag waters wtth sheet 111 VMmwh refageee. Ike freighter picked ip tke refageee la tke Seath Cklaa Sea saw 111 Mlaoietrea aeeth s< Vletaaia while sa a veyage frem Baaghsh
    Source: UPI photo  -  85 words
  • Article
    Lock icon 2ND WINDOW CASH
    233 12 AFP CONTRIBUTION to the second window of the commodity common fund will hit if not exceed the US$2BO million (Ss6l6 million) target before the Fifth Unctad conference is over. Spokesman Hermes Dorado of the host Philippine delegation said he expects Singapore, Indonesia, Thailand, Denmark, France and Japan
    AFP  -  233 words
  • Article
    LONDON STOCKS
    783 12 LONDON, Thurs. Share prices were quietly weaker with interest centred on companies reporting results today, dealers said. Government boodi fell up to 3/8 point in long-dated lines but there wu little reaction to today's public sector borrowing figures, dealers added. Among leading industrials, Beectaai fell 37p to 636p
    783 words
  • Article
    Lock icon France is against flags of convenience
    298 12 Reuter FRANCE yesterday broke ranks with Western industrialised nations and Joined East European countries in demanding an end to flags of convenience for shipping fleets. Their demands at the United Nations Conference on Trade and Development (Unctad) were strongly backed by the UN Secretariat
    Reuter  -  298 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      64 12 INDEPENDENT CONSOLIDATION SERVICE TO: EUROPE, TAIWAN, HONGKONG, AUSTRALIA SAVE ON SHIPPING COST CARGO BY PRACHT SPECIALISED IN SEAFREIGHT CONSOLIDATION SERVICE WAREHOUSING GENERAL SEA FREI6HT 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: NC
      64 words
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      Page 12 Advertisements Column 2
      299 12 SPECIAL GUIDE TO FITNESS Why Fitness No time! Noplace! No help! A common argument for the busy people of today. Indeed a systematic training schedule is not possible if they are dependant upon public Sports Halls or far-flung sports grounds. Ease of access to regular training facilities is imperative for
      299 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      61 12 Outlook for Singapore from 6 a.m. to 1 p.m. today:lsolated showers in early morning. Report far 24 hears priar to 7J9 p.m. m May 24 at the airport. Maximum temperature 32.7 Associated humidity 65 Minimum temperature 23.1 Associated humidity 99 Hours ot sunshine 11.30 Rainfall in millimetres Nil Total rainfall
      61 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon West German yards
        69 13 Reuter WEST German shipyards expect a deterioration in orders on hand in 1979 and 1980, with orders so far this year allowing a 58.5 per cent use of capacity and those for 1980 so far only 8.4 per cent, the Bremen authorities said. Almost all shipyards in
        Reuter  -  69 words
      • Article
        Lock icon UK sea transport
        124 13 Reuter THE UK sea transport account in 1978 was in deficit by about £300 million (551.35 billion), the first time a deficit has been returned since the 1974 shortfall of £122 million, according to a provisional estimate by the General Council of British Shipping, GCBS. In its
        Reuter  -  124 words
      • Article
        Lock icon Shipsales
        76 13 Reuter BROKERS in London reported City of Guildford 7,884 long dwt built in 1957 and City of Lancaster similar details built in 1958 reported sold to Greek buyer for en bloc sum of about US$l.2 (552.7 million) million. Bulk carrier Crystal Reed 17,915 long dwt built in 1973 sold
        Reuter  -  76 words
    • Article
      Lock icon Shipowners are beginning to smile again
      474 13 Reuter THE international shipping market is expected to perform well over the next 12 months following the depressed conditions of the last four years, International Shipping Federation vice-president Prank Chao said. The main evidence of the improvement is the increase in value of second
      Reuter  -  474 words
    • Article
      London freight
      184 13 CHARTERERS resistance ta shipowner*' Ugh rate Ideas Imutteall; stowed time-charter aperatteas la the westers hemisphere where the Hood tide of Traas-Atlaatte raaad vayage booking wtolfl. Id deed, the aaly saeh booking was CUmar's paymeat af USSB,IM a day to the 28,881 dwt P-S.Palles far aae River Plate raaad
      184 words
    • Article
      A new massive container berth for Macau
      501 13 MACAU, the oldest European missionary and trading centre in the Far East, will soon have a new container terminal many times bigger than its present facility. Its planned 5,194 square metre area compares with Macau's total area of 15.5 sguare kilometres. Most of
      501 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1830 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      1,830 words
    • Article
      INDEX
      479 17 SklppUg Use P»p CM ACS n 5 A(ea IV 3 Alpac IV 5 Angkutan V 5 ANL I 1 APL III 2 Armada V 3 Arya Nat n 5 ASCL m 5 Aust.Cont IV 5 Bank n 5 Batam V 1 BBS n 2 Ben Asia ra 3 Ben
      479 words
    • Article
      Container Schedules
      1030 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL L JNB. (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/ rl Agent and is subject to change I (2) All export FCL containers and LCL cargo must be delivered to the AuthoI
      1,030 words
    • Article
      Lykes Lines plans major fleet revamp
      867 18 US SHIPPING company Lykes Lines plans a replacement programme to renew 12 or 15 of its fleet of 41 container and break bulk vessels. President of Lykes, Mr W. J. Amoss, said at the line's headquarters in New Orleans: "In about three or four
      867 words
    • Article
      Lock icon Breakthrough for Third World
      896 18 AP THE WORLD'S developing countries have won a fiveyear battle (or the right to a bigger chunk of the shipping business on regularly scheduled routes. A series of surprise announcements at the Fifth United Nations Conference on Trade and Development (Unctad) will give Third World countries
      AP  -  896 words
    • Article
      Lock icon Norwegian fleet in trouble
      804 18 FT THE NORWEGIAN shipping community is far from unanimous in its assessment of the industry's prospects in Norway, following five years of crisis. The president of the Norwegian Shipowners' Association, Mr Niels Werring Jr., is among those who are cautiously optimistic. Opening the Nor-Shipping Exhibition in
      FT  -  804 words
    • Article
      Lock icon Russia set lor pact with Philippines
      210 18 AFP A SOVIET Ministry of Merchant Marine official said that the Soviet Union is ready to establish a bilateral shipping agreement with the Philippines. Mr Igor Averin, chief of the Ministry's foreign relations department, said in a published interview that his government expects initiatives
      AFP  -  210 words
    • Article, Illustration
      SHIPS IN PORT
      517 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Eleo Maersk (RO/RO) (after Nedlloyd Lek) 35/36 Evermore Bloom (after Vesta) 31/32 IBN Bassam (after Clifford Maersk) 8/9 King Horse (1500 after Ngtrans II) 29/30 Lica Maersk (after Centaur) 13/ Logos (Book Exhibition) (0600 shifts after ai Hang Shan shifts) 1/2 Kota
      517 words
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      Page 13 Advertisements Column 1
      357 13 Europe Our Next Loader Port Kfilang- 13/6 For further details, see page 3 IA RI) 1\ I W I AH Orient Overseas Co*Ua*teA Line FVJLLT CONTMOUSED SERVICE TO EUROPE (VIA SUEZ) U rtssrts c*l B<fmefha»efi ittef Hamburg •CIOSHC TMS (SP0«» Fa 24 5 0300 HRS LCI 23 5 1500 MRS
      357 words
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      Page 13 Advertisements Column 2
      205 13 81 SEALORD ANTAH Ml UASC UNITED ARAB SHIPPING CO (SAG) »iyj m i#; ji: im mr ■■ARABIAN GULF WEEKLY SERVICE' S pore Loading for en BAJIAH 7/6 I BM QUTABAH RED SEA DIRECT SERVICE 11 Vessel S pore Loading for Mdah (7/6). Hotodah (11/6). Aqaba (20/6) ieddah (24/6). Hodetdah (27/6).
      205 words
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      Page 13 Advertisements Column 3
      258 13 ■NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES FAR-EAST/EUROPE FULLY CONTAMERtSED SERVICE F stow* Hnrt R turn H bw| Brem A «erp 15 ton 11 ton 1? to* 14 to* IS km 17 to* 21 km 17 km, 18 ton 20 km 21 km 23 km 301 m Xkm 77
      258 words
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      Page 13 Advertisements Column 4
      507 13 > 2 Australia Our Next Loader Port Kelanq- 'f 6 /5 Singapore: 8/6 For further details, see page 3 MAERSK LINE Mother Vessel Seaport CM»t *CY 27 Mar 0700 CfS 26 Mat 1900 hrs 1dZ23l FOB la« As* Honftonj Manna Keeping MohSHingi lapan < !o»»- Hot* fokohama Nagota CKaka Smiwui
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      Page 14 Advertisements Column 1
      841 14 m. Kilt CONT AVERRED TO EUROPE Bremen Eiprns Kawtoon Bay Hongtong Eipress Kamakura Mam TeAfo Bit Caritgan Bay To*b Eiprns ED* Mam Osaka Bay EXPRESS CONVENTIONAL TO EUROPE Spore P Kdang Pen Bfeao Genoa Sophie Arctium 9/6 11/t 30/6 Pail Rickm tn 18/6 20/6 24/6 19/7 13/7 FULLY CONTAKRISED TO
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      Page 14 Advertisements Column 2
      465 14 barber blue sea Barter Due sea Wvl From: US ATLANTIC US GULF ft EAST CANADA Mm rat rsu SJN6APOK Port Aotaif 25 M 4 M Penam M 4 9 Wtjrti U 2 Mil litaai Hit Next Arrival: "MENESTHEUS" May 31/Juna 2 at BARBER LINES TERMINAL G. 47; "N.J. PATERAS' To:
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      Page 14 Advertisements Column 3
      520 14 EVERGREEN LINE FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTMG CARGO FOR HAMBURG. FELOSTOWfI. ROTTERDAM. ANTWERP. LE HAVRE ALSO ACCEPTMG CARGO FOR UNITED KMGOOM SOUTHAMPTON. tONDON. MANCHESTER. BHOMNGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BREMERHAVEN HOLLAND AMSTERDAM S>»r» Hi—ia Ftfaitowt Rotterdam Mnp It Ham Ewr Hftf* 30 Ma> 20 km
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      Page 14 Advertisements Column 4
      866 14 y i > X C <5 Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' LOMMK ro* RANGOON fcppw PPK3O2/25 May B f SS C Agents m Moloyvo TEPS MALAYSIA Port Kelong Tel 1381-7355 Penong Tel ***** /***** Compania Argentina Da Navagacion Intarcontinantal S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOADING
      866 words
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      Page 14 Advertisements Column 5
      697 14 AiiTitiu, IVICIJ 1919 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHENTON WAY MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 s2l SANKYO LINE AUSTRALIA SERVICE P. KeUng Singapore Loadhg for: LOGISTIC ACE 26/27 Mar 21/29 May SYD KYOSO MMHJ 12/14 Jim 15/16 km SYD,
      697 words
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      Page 15 Advertisements Column 1
      963 15 Overseas B B B I Containers Limited Weekly service to/from UK/Europe To UK/Continent H-tef Ida* Stan Sport FAttang D'mart Br em Awrp Le Havre U.R Bremen Eipress JO May IS tan 21 tai 22 km 24 km 17 1m KooMn Bay 30 Mar 23 tat 21 tat (24 ta) IS
      963 words
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      Page 15 Advertisements Column 2
      967 15 GRANARD LINE ttIIAMI t DEPEWABU NON-CONFERENCE EXPRESS SERVICE NEST BOUND-fH EAST/NEDITEJttANEAN Spert PK«tanc KV. ICLMV.2C* bW M¥. MM HMC IJ7W 12 km IS km MV MM FUME V2IW 12 M Ml *SSfIS ACCEFTMG CONTMO CMSO MM/P Sw) Aieiandria Beirut I attaAn Pireaus Tripoli, Bengtoi Mdah P Sa< Aleiandna Beirut limassol
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      Page 15 Advertisements Column 3
      786 15 T [J'ft BEN LINE CONTAINERS EXPRESS CONTAfO SERVICE TO/FROM EUROPE FROM fUROIfc H BURG B HAVEN R OM) HAVRE SOTON W Ofman,'A«stru Benetoi fraoce Ml* Ptoting Spore F«r Uktm(k bM bM faM MM 35/5 1/C IPM BU Kua|i Ibi bM bM bM 24/5 l|j% jSTftT Tote Imttx bM bM bM
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      Page 15 Advertisements Column 4
      414 15 Scan Dutch 9 WEEKLY EXPRE ■3-fy»; iYTTti |Vi^ I !.:n:i.>t.fTJ*i *•'*l MM (arr d Me) 21/S IB WW 2/C ID NOOK I/I 225(1 Jv« main 'J/? mwpob 14/7 BUT EASTBOUHD FROM MED/UK/NC/SCANDINAVIA 1) G bnr| 2) Hbat| 3) Ivea 4) riam S) 144 6) ITsedks 1) Mm. Skdl* o*. NMi
      414 words
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      Page 15 Advertisements Column 5
      735 15 rBOUSTEAD ui SHIPPING AGENCIES THE BANK LINE LTD. LOADS FOR E. I S. AFRICA Matunfa. Durban. Clown, PE, Eld*) Spore 4/7 ten P HtUnt 8/10 ten FROM EAST i SOUTH AFRICA FOR BANGKOK MAMA PoiMf P Ktlant S port Iw LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobfle,
      735 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      979 16 *a K LINE KAWASAKI KISEN KAISHA. LTD. TO EUROPE S pore P Mang I Ha»re R dam H burg Bremen A imp SS BRIOGf 21*1 C CONTAMER 1W N CORAL 13W C PAUL 16W N PEARL 15W 26 lun 27 tun 2My 3 July 15 lun 17 I 21 lun
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      Page 16 Advertisements Column 2
      743 16 U.S.A./EAST CANADA SERVICE Penang Beta.an f Um| S«eap«« lcT/oeat lakes service IOAOM FOR m TOM. NORFOLK MONTREAL. TORONTO ft..* Betarai r wang s»txx»t VBHVt —T 3/4 AM 1/1 Amp "WSMUA TET IJ/JR Aw 27/2B Aw 24/2B AM CALIFORNIA/P AC VIC NORTH NEST SERVICE laa*H tar LOS ANGELES. SAN FRANCISCO. SEATTLE.
      743 words
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      Page 16 Advertisements Column 3
      449 16 =7T^ .roup SINGAPORE SHIPPING AGENCIES PTE LTD 20tm floor ocean building Singapore 1 marketing *****2 13 LINES! GENERAL 91}111 (14 LINESI TELE* RS 2459S RS 2SS6B A B CARSmP C ABLE CARGOSMIP SINGAPORE ISLANDS LIME MIPDI.t t AST RK,ILAR USER A SAFE WAV TO SHIP BV SSA_ ta Vwm MM
      449 words
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      Page 16 Advertisements Column 4
      749 16 MALAYSIA* INTfRHATIONAL SHIPPING CORPORATION B CPU AO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WEST BOW* <Um Accept from 1) Maimo Stockholm Oslo. HehmAi 2) Copenhagen Aarhus J) Bremen 4> Antwerp Amsterdam UK 5) Basle Bordeaui Also accepting intermediate cargo lo Hongkong t lapan EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tg Man
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      Page 16 Advertisements Column 5
      694 16 f INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****11'*****57 V$ jfOlAglA liUfg RfGULA* MXPEMXNT SEMI'FULL CON! AMR SfRVtCf TO EUROPE S rmt P Mang Nw lu4a kar: VDRUU(M.I») (l> I««r, teuton AIEUMIMNM39 21 Mat II- •f-h HTUJU (fit) 110 23S2tli KWKMC 2354A57 umrb no mw i
      694 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      351 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST All if DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STOtt FT KEL PENANG FT SAD MIX WWII 1*» k*! 4 ktyt MMIIMB CJMKO Pl£«S CONTACT SOOKR SMGMUK -TU *****11 GENERAL AGENTS: SUB-AGENTS: LH. SHPPWG PTE LTD H.S.H. (M) SDN BHD Tel: *****11
      351 words
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      Page 17 Advertisements Column 2
      276 17 CEYLON SHIPPING CORPORATION National Line ot Sri Lanka UMDWC KM COLOHtO COLOMBO SMCtfOtf PTIUUKP{MM COUMK LANKA SAGAMM K/S-21/5 ACUH3 SWt NEPTUMC ACCHOES (PTli LTD *****11 fT (LAM HARPER WMA SOD BHD *****7 phiaw harper mu son M> m«2 ALFRED C. TOEPFER LINE REGULAR SERVICE TO MEMTERRMCAN PORTS Of ITALY, SPAH.
      276 words
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      Page 17 Advertisements Column 3
      341 17 V f.T. PERUSAHAAN PELAYARAN TJ ANGKUTAN PERTAMBANGAN TIC ONLY SMGAPORE MXMCSiA CONTAKR FEEDER SERVICE AUTHORISED BY fOONESiA GOVERffICNT WITH FULL CONTAWR VESSELS EACH CARRYMG 11? TEU VESSEL SMGAPORE LOAOMG FOR TMBANG M 30/5 *T TAKARII H PORT *T ALSO ACCEPTMG CARGO FOR MOONESIA GOVERNMENT PROJECT AND HEAVY MACHMERES TAKARI fl
      341 words
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      Page 17 Advertisements Column 4
      328 17 NOR IE NT LINE Europe/Far East Ro-Ro Service MSTBOIM) *ssa MX CRUSADER m CMUOKI WEST B0U» »ran nor ctusMH hhk imv iwa stok hi am pusan me lIIMT 21 MAY 2« MAY IS DM 20 AM 27 UN 30 AM 3 M JUL SU tU 30U 4 WIG J AUG
      328 words
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      Page 17 Advertisements Column 5
      295 17 CELTIC BULK CARRIERS f<enr l« .n Smith i ine t Id and Irish Shipping I j Regular Bulk Service For Timber Plywood General Agent*: Marathon United Agency Pl« Ltd Spora Tel ??7MM (3 line*) Sub-Agents: MANIFEST SHIPPING SERVICES SON BHD: K.L. TEL. ***** a P. KELANG TEL. 3M103 HDN FAR
      295 words
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