The Business Times, 1 June 1979
1979-06-01
1
18
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The Business Times
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Title Section10 1979-06-01 1 BUSINESS TIMES M.C.(P) No. 14J/1/79 FRIDAY, JUNE 1,1979 50 CENTS10 words
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BRIEFLY...
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Article62 1979-06-01 1 Reuter PRIME Minister Lee Kuan Yew will visit London and three other European countries next month, informed sources said yesterday. Mr Lee will begin his 10-day tour on June 11 when he will visit Bonn for talks with Chancellor Helmut Schmidt. He will then visit Brussels andReuter - 62 words
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Article48 1979-06-01 1 SINGAPORE Airlines said yesterday that its four DCIO airliners have passed stringent tests and have been found free of possible defectsAn SIA spokesman said all four planes have been returned to the service line and three DCIO flights would take off on schedule yesterday.48 words
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Article55 1979-06-01 1 A DANISH bank is planning a merchant banking operation in Singapore. Skandinaviska Enskilda Banken (SEB) has indicated in Stockholm that subject to necessary approvals, its board has decided to open a wholly-owned subsidiary bank in Singapore. SEB maintains a joint representative office here with the Scandinavian Bank, which55 words
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Article66 1979-06-01 1 UPI TEHERAN, Thurs. Teheran Radio today reported the southern port of Khorramshahr quiet but tense after gun battles between autonomyseeking Arabs and government forces left at least 21 dead and 76 wounded. No further violence was reported in the oil refinery town of Aba dan, east ofUPI - 66 words
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Article68 1979-06-01 1 Reuter TOKYO, Thurs. A top Japanese army general today said he has agreed with US military authorities to hold for the first time joint exercises between American marines stationed in this country and Japanese ground troops. General Shigeto Nagano, Chief of Staff of the Japanese Army, who visitedReuter - 68 words
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Article84 1979-06-01 1 Reuter THE HAGUE, Thurs. The US today received full backing from its 14 Nato partners for the Strategic Arms Limitation Treaty which President Carter and Soviet President Leonid Brezhnev are to sign in Vienna this month. A communique issued at the end of a two-day AtlanticReuter - 84 words
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Article33 1979-06-01 1 AFP YOKOSUKA (Japan), Thurs. The US Seventh Fleet is capable of containing the Soviet fleet in the north-west Pacific, Commander-in-Chief of American Naval Operations Admiral Thomas Hayward said today. AFP.AFP - 33 words
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Article45 1979-06-01 1 AP NEW YORK, Thurs. The stock market declined broadly this morning. The Dow Jones average of 30 industrials dropped 3.64 to 818.52 in the first half hour. Losers took a 3 to 1 lead over gainers among New York Stock Exchange-listed issues. APAP - 45 words
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Chief Price Changes
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Article130 1979-06-01 1 Rises Indices Strait* Trading FAN Guinness M Flour G I Hldgs Miiti Ctainers Tganu Dev Dak Yung C Securities Times Pub O U E Cold Storage Iatraeo Spore Glass 690 610 550 304 202 224 167 126 88>-j 322 302 233 225 246 5 5 5 5 5 4130 words
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Article, Illustration148 1979-06-01 1 Falls Indices Hume (M Malakoff M Cement DBS Sg Besi C Sugars Kramat Austral E Tong Meng 242 306 342 506 1070 260 370 370 41 -13 -10 -10 -10 -10 -08 -08 -06 -07 B.T.Index: Industrials: Finance: Hotels: Properties: Tins: rubbers: May 30 May 31 3404.75 3389.55148 words
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Article294 1979-06-01 1 HOPES of a successful conclusion to the United States-Singapore bilateral air talks held here were dimmed yesterday when the US delegation placed restrictions on two of Singapore's major proposals. Singapore requested the right to operate to the US via Japan but the US delegation294 words
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Article, Illustration623 1979-06-01 1 JOHN LIM - CAPACITY EXHAUSTED By JOHN LIM SHELL in Singapore has more crude oil on its hand than it can refine. This unique situation has risen against a background of general shortage of crude oil supply faced by other refineries. This "paradoxical situation" is thus:623 words
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618 1979-06-01 1 COLIN CHEE - By COLIN CHEE THE gold price rose by a massive US$B (5517.60) by early afternoon yesterday from New York's Wednesday close to a historical high of U*****.50 an ounce. New York's gold price was trimmed to close at around US$27O an ounce the618 words
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Article81 1979-06-01 1 AP A US government index designed to forecast US economic trends declined by a record 3.3 per cent in April, providing new evidence that a sharp slowdown in the American economy is underway, it was announced yesterday. The previous record decline in the composite index of leading indicatorsAP - 81 words
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289 1979-06-01 1 THE Stappm Tourist Promotion Board has Indicated aa interest la golag laU the Chlaeae tourist and betel ladastry. STPB chairman, Mr Tma I. Ton*, has dtocassed the issue with the manager of the Baak of China here, Mr Hsaeh Wen Lia, though289 words
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490 1979-06-01 1 WANG LOOK KEAH - By WANG LOOK KEAH THE second phase of the Changi International Airport project is expected to be completed by early 1983 and operational by the latter part of that year. Work on Phase Two of the project has already started. Projects in490 words
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Page 1 Advertisements
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Advertisement23 1979-06-01 1 SAFE WITH AN ITOKI SAFE LI BUSINESS MACHINES SYSTEMS (S)PTi ITO •7 Podtum Block Go*o*»n Plata Ncwrio* Poao 11 252 Cafcie BUSNESTEMS S.ngaoor*23 words
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Advertisement322 1979-06-01 1 HOW TO AVERAGE ALMOST 30 PER CENT CAPITAL GAIN FROM THE STOCK MARKET YEAR AFTER YEAR. Since April 1975. we have been publishing each week the appropriate buy and self prices (or a wide range of leading stocks These prices are determined by a computer based program known as ACTIO322 words
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Advertisement70 1979-06-01 1 Les4er...P»ge I SHIPPING TIMES ICAP hits March taarlst arriv- China C als I FORUM: Aaatber bait of CALL far Pacific cammaa mar- J US deficit widen S M up per c*nt bat 11 MORE pawera far Baak «f ASEAN Md at Luc tad talks 12 MEM OP AD I, FLIGHTS70 words
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Advertisement182 1979-06-01 1 Canon KICIIOMC CMCMMO* A "Plain MM Papar" <C printioc/ W»pUy MaMw |S&' That Fits in Your Hand Sot* Agantt Guthrie Trading Tel: *****5 I *****5 V Wayfoong MAFis outside the CBD, and a's computerised for better efficiency. you need a hand. A helping hand when you need it most: WiyfbongMAF182 words
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TRADE AND INDUSTRY
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Article, Illustration495 1979-06-01 2 WANG LOOK KEAH - By WANG LOOK KEAH VISITOR arrivals from Australia in March fell by 18.4 per cent over the year-ago period. This had an adverse effect on the local tourist industry as its earnings is largely dependent on the number of tourist arrivals. The495 words
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Article, Illustration169 1979-06-01 2 THE TIMES group has installed a $12,44# Ore protection cabinet at its Times Centre electronic data processing department at New Industrial Road. The cabinet, to safeguard important information stored on magnetic tapes and discs, is a Chubb CP-4 model which is insulated to prevent beat, moisture,169 words
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Article110 1979-06-01 2 SIBUS the Singapore International Business Show will be made an annual event instead of a biennial one. This was stated by the organiser, International Business Centre (IBC), which runs similar business equipment shows in West Germany, the United States and Japan. Mr Shuji Yuruzme, president of IBC, said110 words
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Article58 1979-06-01 2 THE two-month long Courteous Taxi Driver Competition jointly organised by the Registry of Vehicles, the National Trades Union Congress, the Singapore Taxi Drivers Association and the Singapore Airport Bus Services begins today. All taxi drivers can participate in the competition. Points will be awarded (or politeness, helpfulness,58 words
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Article455 1979-06-01 2 THE Sentosa Development Corporation (SDC) is looking for people to fill the gaps in its senior staff structure. It has advertised for seven management posts ranging from general manager and assistant general manager to operations manager, civil engineer and public realtions officer. The post of455 words
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320 1979-06-01 2 THE SINGAPORE Hotel and Restaurant Association (SHRA) intends to implement a number of plans which will help the hotel industry cope with the demands of a vibrant and expanding tourist sector. In a statement yesterday, the association said that these plans include the setting up320 words
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263 1979-06-01 2 SHELL I* balldlag a $7 J mllUea ptaat to predsee dtlata aai tarbe tib la Singapore, the first sf its Uad la the regtoa. The piaat at Wniliaii Narth will have aa aaaaal threaghpat mt 4jm teaaes sf beta types sf sil.263 words
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Article127 1979-06-01 2 THE Philippine Ministry of Trade is sending a ninemember trade mission to Thailand, Malaysia, Indonesia and Singapore on June 321, according to Trade Minister Troadio Quiazon Jr. In a meeting with the delegation members yesterday, he said that through trade missions and other trade promotion activities, the127 words
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Article, Illustration229 1979-06-01 2 THE MINICOMPUTER is becoming an important part of modern-day business activities. More and more businessmen, particularly small users, are turning to this tool to help them in their decisions on cost, productivity and risk-taking. Mr Kevin Bell, director of the US-based Institute of229 words
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Article230 1979-06-01 2 ALCOMEX Far East, a French-owned company, has brought into the market two groups of waterproofing materials which may be the answer to the rooftop problems of architects and developers. The first is the Hyranger, a new group of waterproofing materials that combine to form complete systems for230 words
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Article454 1979-06-01 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 29^June 7: Employee Training and Development, Holiday Inn, Personnel and Organisation Development June 4-5: Finance for non-finan-cial managers,454 words
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Article201 1979-06-01 2 THE National Trades Union Congress' insurance cooperative, INCOME, has announced a reversionary bonus of $34 per $1,000 assured in respect of each year's premium paid in 1977 and 1978. The board of directors announced yesterday that the cooperative has realised a surplus of $8.3 million in the life201 words
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Article83 1979-06-01 2 NUMBER-to-number telephone service to Oman is available from today. The Telecommunications Authority of Singapore (Telecoms) said that call bookings can be made through the International Assistance Operator by dialling "104". Callers will have to pay $27.00 for a minimum of three minutes and $9.00 for each additional83 words
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Page 2 Advertisements
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Advertisement192 1979-06-01 2 ■V< Sal S*j|| 4 r, rw j— I I 0F1979 A -t A E HB EGONOHII 25-26,1979 A LUMPUR, MAMMA New* from China constantly conflicts and the reality behind the bombardment of. information coming out of I China is difficult to perceive. The ASEAN business community recognize that a vast192 words
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Advertisement138 1979-06-01 2 i m 1 1 ft i m m k t m. m m r. i j 0 Buy a pea green boat or sell a nautical puss. Leisure Times is right on target e For as little as $15, you can sell anything in Leisure Times a painting, a world138 words
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REGIONAL
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583 1979-06-01 3 AFP Reuter IN ANTICIPATION of the development of Sino-Ameri-can trade, the First National Bank of Chicago held the first board of directors' meeting ever held in China by a foreign company and called for the setting up of a Pacific Common Market. TheAFP; Reuter - 583 words
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Article407 1979-06-01 3 AP THE United States may take unilateral action to restrict Chinese textile imports after failing to reach an agreement with China during almost six weeks of negotiations, US Trade Ambassador Robert Strauss said on Thursday. "There are really rather broad differences all across the board and we haveAP - 407 words
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Article735 1979-06-01 3 ARRIVALS Service Local Operator Number Time From GIA GA908 1100 MES PAL PR501 1135 MNL SIA SQ63 1155 MNL GIA GA982 1200 HLP SN SN287 1200 BRU DXB BKK SIA SQ240 1210 MES MAS imtti mnwi 1245 KCH SIA SQ201 1245 HLP KLM KL833 1300 AMS/ATH/ KHI735 words
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Article210 1979-06-01 3 Reuter INDONESIAN'S balance of trade surplus increased slightly last year to US$4 95 billion (5510.89 billion) from $4.62 billion in 1977, according to figures released by the Central Bureau of Statistics this week. Total exports grew to $11.64 billion from $10.85 in 1977 while imports increasedReuter - 210 words
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Article116 1979-06-01 3 AFP THE AMERICAN copper mining company, FreeportIndonesia, has signed a collective labour agreement with the company's labour union providing for an average 30 per cent increase in wages, and benefiting some 1,300 workers mostly employed in its mining concession in the Ertsberg (metal mountain) areaAFP - 116 words
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467 1979-06-01 3 INDUSTRIAL peace in the j* Malaysian mining industry last year was partly respon- sible for the healthier profit of the major tin mining companies, said the head of the Malaysian Mining Employers' Association (MMEA), Mr Zakaria Budin. Speaking at the associa- tion's467 words
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460 1979-06-01 3 MALAYSIA will press for a higher price range at the next meeting of the International Tin Council scheduled in London from July 17-20 in concert with Bolivia which is seeking higher buffer stock prices to recover its high costs of production. This was stated460 words
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Article128 1979-06-01 3 AFP THE 8&-«attoa Ma-aligned oMvemeat, unlM by bilateral dtopate*, will make a deaperale attempt (a Celeuibs aext week t* preserve Its salty. The Md to preveat differences atnaag member eaaatrtea katfag to farther rifts la the movement will be oiidf whea Ito 2Smember caardlaattag bareaaAFP - 128 words
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Article, Illustration422 1979-06-01 3 UPI THE JAPANESE Ministry of International Trade and Industry said 18 leading Japanese industries and related smaUer industries expect a steady business recovery and a further increase in demand for their products in the six months to end-September. An especially bright outlook is expectedUPI; Source: UPI photo - 422 words
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Article201 1979-06-01 3 Reuter US congressman Dawson Mathis expressed concern over trade reports that Japan may be subsidising large rice sales to South Korea to the detriment of American producers. If the reports are true, a congressional investigation may be warranted, he said. Mr Mathis of Georgia, isReuter - 201 words
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Article130 1979-06-01 3 AFP JAPAN appears certain to be running into severe oil shortages in this fiscal year, which started in April, unless the nation's oil consumption is drastically curtailed. the Ministry of International Trade and Industry warned yesterday. The ministry, in a report, estimated that crude supply cutsAFP - 130 words
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Article87 1979-06-01 3 AFP A TOTAL of 134 people have died ol cholera la the district of Samedaag and Majaleagka la west Java, a spokesmaa a< the provincial admiaistrattoa said yesterday. They died betwoea May 17 aad 28 dariag which Ml cases were reported. Mass laocalatioa Is naderway toAFP - 87 words
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Page 3 Advertisements
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Advertisement126 1979-06-01 3 4 V* I t f The Eurochair. Diet helm Eurochairs for conference rooms and reception areas Sophisticated Luxurious and Comfortable The unique modular system provides flexibility in arrangement to suit modern office areas And their clean modern lines add a new dimension to your office environment For top management level,126 words
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RAW MATERIALS
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Article528 1979-06-01 4 NYT THE long-dormant markets for com, wheat and soyabeans, the most essential foodstuffs, suddenly came to life this month as cold and wet weather continued to delay spring plantings in North America, the Soviet Union and China. Trading was dominated by technical operations suchNYT - 528 words
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129 1979-06-01 4 THE UNSTABLE military situation on Thailand's northern border has hindered natural rubber exports, depleted stocks and is helping to drive up prices, Indonesia's Gapkindo Rubber Association said. The decline in stocks had been combined with an increase in demand from consuming countries including the129 words
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87 1979-06-01 4 Reuter LONDON Metal Exchange (LME) vice-chairman, Jacques Lion, is to meet US Commodity Futures Trading Commission chairman, James Stone, in Washington to voice concern about overregulation of American commodity markets. He told a Bureau International de la Recuperation (BIR) meeting in Chicago that he fears excessiveReuter - 87 words
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250 1979-06-01 4 THREE of America's leading copper producers announced price reductions, with Copper Range Company cutting its price to USB4 cents per 455 grams, the lowest in the industry. The price cuts reflected falling copper prices on the New York Commodity Exchange, where inflation and recession250 words
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221 1979-06-01 4 FOR the first time in six consecutive years, Malaysia's tin production in concentrates has increased, the president of the Malayan Mining Employers Association (MMEA), Encik Zakaria Budin said. In the 12 months ending March 31 this year, a total of 63,285 tonnes were221 words
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Article364 1979-06-01 4 OPENING prices in Singapore yesterday were marked up about four cents on higher London advices and the afterhours steadiness here on Wednesday. Values then gained further ground on reserve of sellers and trade, upcountry and speculative buying coupled with forward demand, dealers said. Some profit-taking emerged at the highs364 words
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Article30 1979-06-01 4 Rubber: May 31 Singapore: June: 309.00 cents (up 6.50 cents) Malaysia: June: 311.00 cents (up 6.00 cents) Tin: $1,995 (up $15) Official offering: 130 tonnes (down 46 tonnes)30 words
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Article426 1979-06-01 4 R A S prices In cents per kilo yesterday Noon Close <1 >er kilo) (per kilo) Buyers Sellers Buyers Sellers Int. i R.S.S. prompt f.o.b 315.00 316 00N 315 00 316 OON Int. 1 R.S.S. June 308 00 ***** 309 00 310 00 Int. 1 R.S.S July 299426 words
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Article130 1979-06-01 4 NOON SSI I and SMR pnea yeetarday JaJy RA8 (Cm rraat Mtk) (Par ..rd MUI Bayer* Saltan •ay< in Sallars SSR 20 (1 loo pallet) 287 50 288 SON 286 SO 288. SON SSR 50 <1 ton pallet i 284 50 286 50N ***** 286 50N MRELB130 words
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Article74 1979-06-01 4 C.I.F. North European port*. In US dollars per ton unles? otherwise stated LONDON: Malaysian 5% Ha bulk per tonne Wc4 Pwh* 667slr M4slr July Sumatra 5% f fa bulk May 005slr flOOslr June 680slr 877'«pd July 673' i /OTSpd 672' pd August 670sIr SASslr September unch eeosir Nigeria74 words
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Article55 1979-06-01 4 THE STRAITB tin price In Penang yesterday advanced Msls to $1,995 a picul. The rise was mainly die to a sharp redaction in tin metal offerings (rem miners, despite the overnight London weahness, dealers said. Light baying from all sources was noted, with total turnover falling to 13955 words
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Article175 1979-06-01 4 THE SUGAR futures market yesterday continued the recent quiet trend with no trades registered as on Tuesday, dealers said. The day's spot sugar price eased 0.15 to 7.70 US cents, while July closed lower at 7.80/85, compared with Tuesday's 7.88/96 close and distant May at 9.50/55 against 9.65/70175 words
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Article197 1979-06-01 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (la HK dollars, spot ex-godown) Cattaa yarn: China Blue Phoenix 20s 2.345 32s 2.M0 40k 3.010 (per bale o< 400 lbs). Ptoee gaads: China Butterfly and Globe brand unq. Dragon Head unq; Five Lambs unq. Flower and Butterfly197 words
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Article801 1979-06-01 4 COFFEE: Robusta futures yesterday closed the morning down from the earlier highs but still showing gains from Wednesday of £38 to £20 per tonne. Turnover was 4,383 lots including two options and about 400 lots of cross trades. Trading activity quietened prior to the morning close and prices801 words
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Article372 1979-06-01 4 DULL trading conditions persisted on the Singapore produce market yesterday when the volume of business transacted was minimal and mainly accounted for by covering deals and minor sales to the consumer countries. Major buyers in the West were still keeping away from the local market, with many preferring372 words
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Article334 1979-06-01 4 SINGAPORE: Yesterday's closing prices in SS per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0 96. 100 per cent second class 0.85, 100 per cent third class 0 80. 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.62.334 words
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Article172 1979-06-01 4 WHEAT futures in Chicago on Wednesday held on to early gains and closed higher in light trade. Prices were up two US cents to one cent a bushel. Traders said support came from continued good export demand and unconfirmed reports that Canada may suspend wheat and coarse grain exports172 words
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ASIAN STOCKS
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Article627 1979-06-01 4 TOKYO Source: DBS-Daiwa AN EXTREMELY sharp twotier market has been continuing since January this year. Resources-related issues advanced sharply again owing to active buying by aggressive traders. However, the Nikkei Dow Jones average and the TSE index lost ground towards the afternoon close, since highquality stocks suchSource: DBS-Daiwa - 627 words
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Article267 1979-06-01 4 MAY 11 Cenu INDUSTRIALS A. C. L 199 unch A N I. 168 -2 A P M 129 1 Ampol PfL M uneh B H P 938 •18 Bank NSW 372 unch RatiI 218 3 Brambles 180 unch C. B A. 256 unch C 8 R 390 -8 Coal267 words
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Article238 1979-06-01 4 MAY 31 BahU Asia Credit 3M Asia Fibre uo Ayulhaya In* 143 Ai»4 Trust Bangkok 364 Investment Bangkok Bank «2 Bangkok Drying MO And Silo Bangkok Insurance Bangkok Metro582 Poll tan Ba n Bangkok Nylon Bunk Of Asm Bank Of Ayudhaya Lid 226 -10 BtU Bern Jucker 330 unch238 words
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Article105 1979-06-01 4 MAY 31 Pesos Acoje Minmf 0082 unch Atlas Con A Altai Con B. 21 0.1 Baguto Oold oon -0 0004 Brniwl Con B 24 70 -0 3 BK Goodrich 20 -0.2 CDCP 22 50 -0.6 Inco B Landoll Lepanlo B. 19 -041 Marinduque B 650 -0 3 Meralco 2170105 words
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Article256 1979-06-01 4 MAY 31 HKI Amai Rubber Associated Hotels 2 825 0175 Bowaters Cheong Kong 10.50 -01 China Engs 255 China Light 21 90 0.1 Cily Hotels City Urban 173 unch Comsopol 1 48B unch Con P Ik 8 Cross Harb Tunnel S00B -0.05 East Asia Navig 5 JO unch Far256 words
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Article62 1979-06-01 4 FINANCIAL TIMES INDUSTRIALS Wednesday 511.8 Tuesday 516-0 Week Ago 522.4 DOW JONES AVERAGE INDUSTRIALS Wednesday 822.16 Tuesday 832.55 Week ago 837.40 LONDON DOLLAR PREMIUM Wednesday 52'» to 53 Tuesday 55 < to 55'4 H.K.HANG SENG Thursday 56.96 Wednesday closed Week ago 558.19 SYDNEY INDUSTRIALS Thursday 490.48 Wednesday 490.7262 words
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Page 4 Advertisements
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Advertisement81 1979-06-01 4 CANADA TORONTO "THE MASTERS" Distinguished Residence. 1 -2-3 bedroom suites Prices from: $55,000 Canadian Funds Developer with give 5-year rent guaranty. For information contact: In Hong Kong: Montpelier International Properties 305, Fu House, 7, Ice House Street Tel: 5-*****1 In Singapore: Bellian Securities Tower 2101 A DBS Building Shenton Way81 words
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OVERSEAS
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Article118 1979-06-01 5 Reuter MAJOR industrialised countries and the World Bank have agreed on an aid package for Turkey totalling more than US$l.45 billion (553.2 billion),the Organisation for Economic Cooperation and Development (OECD) announced. But OECD secretary general Emile van Lennep said the aid was conditional onReuter - 118 words
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Article, Illustration54 1979-06-01 5 General view of the opening ceremonies on Wednesday of the Nato foreign ministers' meeting in The Hague. The first of two working-day sessions opened in the Hall of Knights, as the ministers are expected to discuss at length the coming Salt treaty signing in Vienna. UPISource: UPI photo - 54 words
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WORLD IN BRIEF
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Article518 1979-06-01 5 Agencies PRIME Minister Margaret Thatcher toured a Soviet exhibition on Wednesday and said she still considers herself an "Iron Lady," a nickname given to her by a Russian newspaper. The new Conservative Premier was guided around the USSR national exhibition by Nikolai Lunkov, the Soviet AmbassadorAgencies - 518 words
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Article301 1979-06-01 5 Renter OECD output is expected to slow down in 1979, but its total value is still expected to increase by about 3' i per cent this year and by 3 per cent in 1980 despite the rise in oil prices. The UK National Institute ofRenter - 301 words
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295 1979-06-01 5 Reuter THE United States is defending its emergency subsidy for American imports of diesel fuel and home heating oil after accusations by the European Economic Community (EEC) that the measure is inflationary. The EEC's Energy Commissioner Guido B runner called US Ambassador Dean HintonReuter - 295 words
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615 1979-06-01 5 NYT HIGHER-priced oil imports and a surge in purchases of foreign motor cars in April contributed to a substantial widening of the United States trade deficit, with imports exceeding exports by US$2.l5 billion (554.73 billion), more than double the previous month's total. April'sNYT - 615 words
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168 1979-06-01 5 AP THE House of Representatives passed a Bill on Wednesday to liberalise government aid for US workers and companies that are hit by increased imports into the United States. The legislation takes on increased importance this year because President Carter will soon submit to CongressAP - 168 words
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Article391 1979-06-01 5 AP THE United States is prepared to supply Egypt with up to a dozen F-4 Phantom war jets by October to boost President Anwar Sadat's military strength, US officials said. Sixteen Egyptian pilots will be trained to fly the jets. They are expected to arriveAP - 391 words
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Page 5 Advertisements
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Advertisement842 1979-06-01 5 FORWARD OVERSEA CREDIT LIMITED (formerly known as First Oversea Credit Limited) (Incorporated in Singapore) Note SHARE CAPITAL Authorised Ordinary shares of S$ 1 each Issued and Fully Paid Ordinary shares of S$ 1 each RESERVES Statutory Revenue General Total Capital and Reserves CURRENT LIABILITIES AND PROVISIONS Time deposits Accrued interest842 words
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Article404 1979-06-01 6 THERE CAN BE few among us who were actually surprised or disturbed by the Philippines' announcement on Wednesday night that the fifth United Nations Conference on Trade and Development (Unctad) has, for all intent and purpose, been a failure. Unctad's month in Manila will404 words
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353 1979-06-01 6 IT IS a cruel but indisputable fact of life that the world has grown overly dependent on oil to drive industry and to keep up the steam in the growth engine. Crueler still is the realisation that developing countries such as ours have nothing to353 words
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1085 1979-06-01 6 SINCE China readjusted its four modernisation programmes, the Bank of China, which used to be under the People's Bank of China, has been given additional powers to enable it to assist in the country's economic development. Following the restructuring of the banking1,085 words
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Article, Illustration692 1979-06-01 6 Kabul's money bazaars deal in a suprisingly wide range of currencies. The country's new masters, aiming for a communiststyle economy, have tried to shut down this incredible money market. However, the dealers are still there, servicing not only Afghans but regional customers as692 words
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Page 6 Advertisements
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Advertisement41 1979-06-01 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 miss41 words
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Page 6 Miscellaneous
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Miscellaneous1317 1979-06-01 6 irarraßwrnu Treat for sports fans IT REALLY is a night for sports fans, so the rest of yon might as well save energy both electricity and your own in moving to the TV set to switch it on and go to bed or something like that. So sports fans, first,1,317 words
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Article, Illustration788 1979-06-01 7 LEONARD SILK - By LEONARD SILK NYT PRESIDENT Carter's latest effort to resolve the United States' oil problem by phasing out controls on domestic oil starting June 1 has met bitter opposition within his own party. The roots of the opposition, however, lie deep- > er. TheNYT - 788 words
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Article742 1979-06-01 7 J AN OBSERVER, long used i to the sight of many empty J seats at the monthly management meetings of the ]Singapore Chinese Chamjber of Commerce and Industry, was surprised to find near full attendance at 'the latest meeting two idays ago. Some exciting, J controversial742 words
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511 1979-06-01 7 ANNE VAHL - By ANNE VAHL AFP AN ARMY of 8,000 officials from nine countries "The Eurocrats" runs the European Common Market (EEC) from the giant steel and glass Berlaymont Building in Brussels. Like a microcosm of the Community itself, the Eurocrats ofAFP - 511 words
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868 1979-06-01 7 NYT IT'S NOT just executives who enjoy special corporate privileges in perkhappy Britain. The stockholders are now getting them too. They can get such perquisites as a 50 per cent discount on the eight crosschannel routes of European ferries, a monthly preview of Sotheby'sNYT - 868 words
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628 1979-06-01 7 JOHN DRYSDALE - FORUM with JOHN DRYSDALE THE ESCALATING gold price does not of course matter at all to the world economy but it does matter as a symptom of the world's financial malaise. Does it portend another bout of slumpflation? Two factors seem to suggest that628 words
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Page 7 Advertisements
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Advertisement151 1979-06-01 7 CAMPARI INSTEAD THE RIGHT LIGHT DRINK FOR A SERIOUS LUNCH Cool, refreshing, lifts you up. Pink, light, doesn't knock you down. Only discerning palates can acquire this new taste sensation. Campari Tonic Campari Soda Campari 7UP Campari Orange Campari t You Sole Agent: FOOD BEVERAGE (PTE) LTD. SALESMEN and SALESWOMEN:151 words
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Page 7 Miscellaneous
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Miscellaneous24 1979-06-01 7 Quick 1 QuiC< 1 U)RV LOHfYT \s IT— Some Sc-pvße drjll T He Dgep>Dep Mut-v^es '<& )xv sb 1 Ty-ic, lop^N CuJB is Ppfs/ING OUT24 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article196 1979-06-01 8 MAY 30 Krs Actions Suisse* 298 -2 Alusuisse Br, 1280 -5 AiuNUi-s.se Reg 510 -3 Brown Boven Br 1775 •15 Ciba Geigy Br 1275 10 Ciba Geigy P C 990 unch Ciba Geigy Reg 700 1 Credit Suisse Br 215 20 Credit Suisse Reg 413 5 Flektrowatt Br 1910196 words
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Article194 1979-06-01 8 MAY 30 FU ABN 346 50 unch Ahold 93 60 1.3 Akzo 2870 -04 AMKV 88 00 0 4 Am fas 114.20 -03 Ainrot Bank 70 30 -0.2 Brrguss Berk 96 00 3 Bo Is 69 30 1.3 Borsumij 162 00 -2 Burhmann 60 00 unch Byenkorf 74.20 -03194 words
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Article281 1979-06-01 8 MAY 30 Frs CORBEILLE Air-Liquide 394 -85 B S N Gervais Danone 590 8 C S F (ThomsonC'sf 373.20 -2.8 Cie Francaise des Petrolfs 168 50 0.5 Compagnie l-inanciere t'oinpagnie Generate 383 -1 Credit Foncier De France 454 unch Hachelte (Li bra trie) 234 -3 Machines Bull 57 90281 words
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Article245 1979-06-01 8 MAY 30 Dm Aef-Telefunken 49 00 0.1 Akzo 26 40 -02 Allz Lfben 852 00 2 Allz Vers 439 50 -3.5 BAS y 135 00 -08 Bay H T Wbank 244 OOB Bay Vbank 260 OOB •2 Bu>**r 134 80 -0 9 BBC 266 50 -05 BMW 214 50245 words
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Article97 1979-06-01 8 MAY 30 Frs FORWARD MARKET Acw 430 Arbed 2625 5 AMur 616 -6 B rase an 664 -8 Bru-Umb 1750 IS C'anpar 868 6 Cock 552 2 L> Be«*r\ 246 -7 Ebes 2170 5 Electrobel 6790 20 Gb-Inno-Bm 2680 -35 Oev L-. 1274 •+20 Hobok 3050 30 Petro 467097 words
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Article105 1979-06-01 8 MAY 30 Lire Anic 32 50 unch Assoc Gen ***** 295 Baslogi 820 ♦17 Central? 4930 50 Flat 2765 20 1- insider 168 12! Gen Immob 96 15 IFI Pri 2305 16 Italcementi ***** -50 1 taigas 705 25 4 2S I La 1 sider 410 2 Magneli M105 words
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1181 1979-06-01 8 NEW YORK STOCK prices fell sharply on Wednesday, as news of a sharply higher trade deficit in April caused a late retreat. The Commerce Department announcement in the afternoon helped hurt a market already depressed by concerns about the outlook for the price of oil1,181 words
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Article195 1979-06-01 8 MAY 30 c$ Ahiiihi 18 unch Alran 41' Algoma 28 Bank Mont 23 link Nova Scotia 22 s Bell Tel 22 unch Beth Corp BP Can Ltd 25 Brascan 23 Camp Red Lake 22 unch Can Imp Bk 26 Canpac 31* 'i Canpac Inv Pf 16 B unch Car195 words
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Page 8 Advertisements
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Advertisement624 1979-06-01 8 Where to wine, dine and entertain "In the Georgian\)ftng cf the Cockpit is a splendid Period restaurant offering the choicest tare in the true British tradition ifjantirlm\»here good taste tnumphstrom Beef Wellington Butterfly Fillet and a wide choice of traditional dishes to dining in a luxurious period atmosphere With service624 words
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Advertisement92 1979-06-01 8 See Page 4 for Asian stocks VNfe Have A Great Thing Going u hmhh At the Great Eastern Hotel. Raja Theatre Restaurant and Nightclub. With lots of attractive hostesses to charm your heart Come over- our foreign singers will woo you, while you dine the most exotic meal. Nightly floorshows92 words
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BANKING AND FINANCE
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Article298 1979-06-01 9 COLIN CHEE - By COLIN CHEE THE AMERICAN Express credit card division has reinforced its drive for a larger share of the regional market by issuing its 21st currency card denominated in Malaysian Ringgit. The new cards, which are obtainable from today, were launched earlier this week in Kuala298 words
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Article255 1979-06-01 9 Reuter BELGIUM is raising its bank and Lombard rate, the rate for normal advances, to 8 per cent each from 7 per cent effective yesterday. Disclosing this, the National bank said the decision reflects Belgian authorities' continuing policy to assure the internal and external value of theReuter - 255 words
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139 1979-06-01 9 Reuter THE SWISS government will pot to Parliament a proposal to increase the maximum amount of monetary credits to be granted to countries with weak currencies to two billion francs from 1.5 billion. It will also request Parliament to revalidate the respective law forReuter - 139 words
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MONEY AND EXCHANGES
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Article466 1979-06-01 9 THE US dollar came under pressure against the yen yesterday following news that the United States registered a larger-than-expected trade deficit in May. Against other currencies, however, the dollar managed to stay its ground. This was partly due to attention being confined to the wildly-fluctuating yen counter. Opening466 words
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Article145 1979-06-01 9 THE US dollar yesterday firmed against Continental currencies and the yen in moderate trading as demand for the US unit saw it recover from its lower levels in the US where it declined on news of a wider US trade deficit, dealers said. The dollar firmed to 1.9065 75145 words
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Article142 1979-06-01 9 THE US dollar for overnight delivery yesterday closed at 219.70 yen, up from a 218.70 opening, but sharply down from 221.95 at Wednesday's close. The dollar eased in light late trading on selling by Japanese and foreign banks to adjust positions, with sales by Japanese traders of dollar export142 words
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Article21 1979-06-01 9 THE average rale at which Singapore banks are currently prepared lo lend to their best customers Jis 8 per cent.21 words
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Article398 1979-06-01 9 SINGAPORE gold futures yesterday closed sharply higher against the overnight close in active trading, dealers said. Opening quotations were marked up between US$4 to $5 following the metal's overnight firmness in New York and to strong local buying interest prompted by news of a larger-than-ex-pected US April trade deficit.398 words
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Article181 1979-06-01 9 Asian rates ASIAN currency deposit interbank rates as at close on May 31: 7 days 1 months 2 months 3 months 6 months 9 months 12 months l month 3 months 6 months 12 months 1 month 3 months 6 months 12 months US Dollar*(8pot) Offer Bid 10'. 10'4 10',181 words
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Article53 1979-06-01 9 RANGE of prv t?c® offered by discount hou9n on May 31: Overnight -35 to 4H5f Call deposits 4Htf Clouaf B«ri&« S«Uia« 3 month Treasury bUls 4 11/16 4 0/16 3 month Bank bills 77/16 75/16 3 month CD 7 1/16 6 15/16 0 month CD 73/16 71/16 Source: National53 words
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Article132 1979-06-01 9 THE DOLLAR yesterday opened weaker against all major currencies in the wake of the worse-than-ex-pected US April trade deficit, dealers said. However, they said they felt the dollar's decline in the Far East had been overdone and In early trading, the US unit firmed marginally acorss the board. Sterling132 words
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355 1979-06-01 9 AS A key regional foreign exchange centre, Singapore has been chosen the venue for a foreign exchange seminar for Asean bankers. The seminar, scheduled for November, is the second in the series of the management resource development programmes adopted by the Asean Banking355 words
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Article118 1979-06-01 9 Reuter SALES of gold bars to Norwegians have got off to a good start, sources at the major trading outlets said. A senior Commerce Ministry official said that since gold no longer forms the basis of the international currency system and is regarded inReuter - 118 words
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Article114 1979-06-01 9 Reuter STE BbSAtad Credit Commercial de Praam (CCF) have Wagkt the 83.2 per eeat shareholding ta the Preach dlscaaat haak, Baaqae Psmmler, which was held hy the Baah d Paglsad (BOE), ehainnaa d Baaqae Pammier, Christiaa Psmmler, said. BIS has tahea a €12 per eeat stake laReuter - 114 words
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Article355 1979-06-01 9 BANGKOK Bank Ltd is to raise through its Cayman Island subsidiary a US$3O million (SJ66 million) five-year floating rate note issue in the international capital market, management group co-leaders Manufacturers Hanover Ltd said. In a statement issued in London, it said the coupon is355 words
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Article90 1979-06-01 9 The West German central bank, the Bundesbank, is raising interest rates on federal financing bonds, Finanzierungsschaetze, effective June L The issue rate for paper maturing in a year will be increased to 5.20 from 4.55 per cent, and for two years to 6.00 from 5.35 per90 words
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Article83 1979-06-01 9 Reuter COMMERCIAL and industrial loans at large commercial banks in the US fell by US$347 million to $140.22 billion in the week to May 23, compared with $17.28 billion a year ago, the Federal Reserve Board said. Loan sales were up $149 milion to $2.72 billion,Reuter - 83 words
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Article126 1979-06-01 9 that the establishment of Singapore's own central bank should stir up so much interest. When? How? What changes? are the questions being asked around the market. All this reached a very critical point last week when a local paper speculated that the transition could materialise as126 words
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Article106 1979-06-01 9 is going into banking. Ru- mours have been rife. Some bankers are even convinced that the finance company, the largest in Singapore, has already been given the greenlight to start a bank here provided it is able to meet certain conditons set by the authorities. The106 words
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Article99 1979-06-01 9 after the big write ups on some of Singapore's leading foreign exchange dealers, the banks concerned have been getting flows of massive dealing proposals from overseas. While some have been coming up to expectations, so our European sources say, others, sadly, have not for instance, when asked to deal99 words
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329 1979-06-01 9 THE president of the Japanese Federation of Bankers Associations, Masahiko Seki, said the listing of part of the two trillion yen of 6.1 per cent national bonds issued late last year should be postponed because of a sharp fall in the secondary329 words
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Page 9 Advertisements
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Advertisement1019 1979-06-01 9 I YEO HIAP SENG LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT RESULTS FOR THE SIX MONTHS TO 31st MARCH 1979 The Directors are pleased to announce the following unaudited operating results for the six months ended 31st March 1979. SUMMARY OF UNAUDITED OPERATING RESULTS For six months Change to1,019 words
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DEALS DONE ON THE SES AND KLSE
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Article1232 1979-06-01 10 BIO and offer prices officially listed 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 are quoted after the word "sett". Big Board deal1,232 words
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Article168 1979-06-01 10 4 1/2* 1/8/80 (250.000) (09 4OB) (4) 99.47 4 1/2% 1/8/80 (400.000) (1) 99 45 4 3/4% 15/9/80 (250.000) (98 558 99.658) 5 3/4% 1/8/78-80 (250.000) (100 758 100 858) ft 1/2% 1/ft/78-81 (250.000) (100.358 100 458) ft 1/4% 1/3/81 (250,000) (100.058 100.15S) ft% 1 ft/4/81 (250.000) (96.558168 words
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Article41 1979-06-01 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. CoM Storage (June $2.00) (0.455).41 words
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Article159 1979-06-01 10 SINGAPORE UNIT TKUT (Ma—aw' prteaa tor 4m 1) The Commerce 114 2.27xd The Saving Fund 1.38 1.40 S pore Prof Fund 1.00 1.0S S pore Sec. Fund 1.84 l.K S pore Invest Fund 1.33 1.41 S pare Equity Fund 0.97 1.03 INCOME BOND UNIT (Carnal prteaa) Income Bond159 words
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Article2544 1979-06-01 10 Gr'i Gr'» Set 1979 Last Div Div Y'ld P/E Vol Week 1 High Low Company Sale or- Cvr COOO) High Low SECTION ONE INDUSTRIAL A COMMERCIAL 261 207 Aetna 256cd 15.0 2.9 5.8 13.1 190* 123' Alcom 182 10.0 15 5.4 245 142 110 Allied Choc 1332,544 words
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Article1680 1979-06-01 10 BID and offer prices officially listed and business 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 INDUSTRIALS Atmm (2.585) xd 1 >■ (2.80B) Aleaa(1.80B 1.835) xd A Cfcse1,680 words
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Article105 1979-06-01 10 JARDINE Fleming (S) Pte Ltd has advised shareholders of Setron Ltd not to take any action on Haw Par's forthcoming offer. The merchant bankers said that the board of Setron has aleady received a Notice at Takeover Offer in respect of all the ordinary shares of II each105 words
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Article, Illustration704 1979-06-01 10 IT WAS doll awl featureless trading all the way at the Stack Exchange at Singapore yesterday. Although prices generally recavered fram their maralag laws, the aadertaae was still hardy steady. A wait-and-see attitade pervaded the market as Investors taak stock ef their position against704 words
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524 1979-06-01 10 PRICES closed easier at the Kuala Lumpur stock market again as buyers continued to recede into the background yesterday. In a fairly quiet market, losses were noted over a broad front. Prices opened lower following a softer close the previous day and a half-hearted524 words
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COMPANY NEWS
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Article810 1979-06-01 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year George Kent 17.5%(b) Apr 25 May 8 Jun 1 175% 11% C AC 7% I May 21 May 26 Jun 4 7% 20%(a) Roxy Elect 5%TE(b) May 8 May 21 Jun 4810 words
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Article167 1979-06-01 11 Company Particulars Ex Date Books Close l td Plant Bonus Issue of 1 (or 4 May 28 Jun 7 Ol'B Bonus Issue of 1 for 6 Rights Issue of 1 for 6 (a $2.00 per share May 25 Jun 1 Olympia Bonus Issue of 1 for 2 Jun167 words
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Article, Illustration634 1979-06-01 11 ANTHONY TAN - By ANTHONY TAN ADVERSE operating conditions for the second half of 1978 at Malaysian Feedmills barred the way to an otherwise better performance for the whole year. For the year ended December 1978, the group whose principal activity is that of feedmeal manufacturing and commodity634 words
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Article1097 1979-06-01 11 PACIFIC Development Credit has reported in its delayed accounts a group pre-tax profit of MSI.BI million for the year ended Sept 30, 1978, a five-fold jump from only $340,385 lyBut that's where the good news ends. After an unexplained hefty tax charge of $1-99 million,1,097 words
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Article130 1979-06-01 11 Geattag BM: AGM to be held at 8th Root, UMBC Building, Jalan Suleiman, Kuala Lumpur today at 10.00 am. Overseas (Jalan Enterprise Ltd: AGM to be held at the Mandarin Court 'A', 4th Floor, Mandarin Hotel, Orchard Road, today at 12 noon. Paelfle Development Credit BM: AGM to130 words
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Article503 1979-06-01 11 ■aaam. SiKXffiL™, HOCK LOCK SIEW AT LONG LAST, laggard Leeng Hut Industries is seeing a little glow at the ead of the taaael. It made a turnaround from a small leas d $181,751 at half time to aa unaudited profit d $25*497 far the year eaded Dee $1,1178.HOCK LOCK SIEW - 503 words
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110 1979-06-01 11 said bar- ring unforeseen circumstances, profitability of the bank and the group for the current year should be higher than for 1978. The forecast was contained in the bank's prospectus for its one-for-five rights issue at the 130 per $10 nominal share. OCBC earlier reported110 words
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Article51 1979-06-01 11 an- nounced that it has purchased in the open market U*****,000 of its 6'/ 2 per cent convertible bonds 1988. It also said that the interest rate on the $25 million notes due 1981 for the period May 29 to Nov 29 was fixed at 11 per51 words
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Article47 1979-06-01 11 At an EOGM held on May 25, shareholders approved the acquisition of the Nutmeg Road property together with the buildings erected thereon on the terms and conditions set out in the sale contract dated April 3, made between KPM Lijnen BV and the company.47 words
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Article17 1979-06-01 11 an- nouneed the appointment of Mr Cheong Wing to its board of directors.17 words
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Article27 1979-06-01 11 an- nounced that it will consider declaring an interim dividend for the year ending Sept 30, at a board meeting scheduled for May 31.27 words
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Article84 1979-06-01 11 said that it has changed its financial year-end to Sept 30 to comply with the requirements of its domestic associate Fraser and Neave and its overseas accociate Heineken BV. The current financial period will cover the 15 months ending Sept 30, 1979 and future financial periods will84 words
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Page 11 Advertisements
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Advertisement150 1979-06-01 11 GS GROWTH INDUSTRIAL HOLDINGS LTD The results (subject to audit) of the Company and the Group for the year ended 31 st December 1978 are as follows GROUP COMPANY The directors are recommending declaration of a final dividend of 20% less tax at 40% on the issued capital of the150 words
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Advertisement1594 1979-06-01 11 COLD STORAGE HOLDINGS LIMITED Annual Report and Accounts for the year ended 31st January, 1979. Chairman's Statement circulated to stockholders and to be presented at the Annual General Meeting of the Company in Singapore on 23rd June, 1979. RESULTS Group sales at $195,700,000 for the year compare with last year1,594 words
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195 1979-06-01 12 Reuter THE MEETING of "shareholders" of the MalaysianAsean urea project to "map" out the $750 million venture has been tentatively fixed for July. Sources in Kuala Lumpur said yesterday that Petronas, which is arranging the meeting, is waiting for the variousReuter - 195 words
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631 1979-06-01 12 NYT SAUDI Arabia, the world's largest oil exporter and the most influential member of the Organisation of Petroleum Exporting Countries, has raised the price of some of its crude oil by US$l.4O (about Ss3) a barrel, according to oil industry sources in NewNYT - 631 words
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451 1979-06-01 12 THE Malaysian government would continue with its easy money policy although the money market is now flushed with funds, Finance Minister Tengku Razaleigh Hamzah said in Sabak Bemam yesterday. The reason is the country's need for further investments from the private sector. "We451 words
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Article155 1979-06-01 12 MALAYSIAN Deputy Prime Minister Datuk Seri Dr Mahathir Mohamad will announce the Cabinet decision on oil prices today. He said he would disclose the details of the decision on the requests by oil companies to increase prices following the recent price rise by the Organisation155 words
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Article821 1979-06-01 12 LONDON, Thurs. Gold shares featured rising sharply following the record bullion price increase, dealers said. Elsewhere, equities were generally above the day's lows in quiet trading. Prices had weakened at the outset following rights issue news from MEPC. Government bonds were quietly easier with falls of 3/16 noted821 words
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367 1979-06-01 12 THE PUBLIC (Utilities Beard b sertonsly c—riderlng aslng coal to replace tad sll to geaerate electricity. Mr Tay Sin Yu, tke Mttag general imaagcf of the beard said besides tke Immediate solution of conservation, It Is neeenssry to nnsens coal aa367 words
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Article83 1979-06-01 12 Reuter THE Japanese Finance Ministry confirmed it has advised Japanese banks that they will be permitted to supply short-term foreign currency loans to resident borrowers. However, the ministry denied it has set an overall framework of US$3OO million (SS66O million) for such loans. The FinanceReuter - 83 words
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583 1979-06-01 12 JOHN TAN - By JOHN TAN ASEAN'S hope of elevating its dispute with Australia's International Civil Aviation Policy (leap) to a higher level at the United Nations Conference on Trade and Development (Unctad) in Manila hung in the balance late last night as delegates sat down583 words
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Article, Illustration48 1979-06-01 12 President Carter listening to wheelchair-bound Vietnam veteran Bobby Mueller of New York City on Wednesday at the White House where the President displayed a postage stamp honouring those who fought in Vietnam. The lady in the picture is unidentified. Source: AP photoSource: AP photo - 48 words
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Page 12 Advertisements
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Advertisement209 1979-06-01 12 SPECIAL GUIDE TO FITNESS Why Fitness "Are Three or Four weeks holiday a year enough?" Holidays are wonderful but to cope with the high demands of our modern society we feel that three or four weeks holiday are not enough. What is more we believe that holidays must be prepared209 words
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Advertisement104 1979-06-01 12 Give us a ring on your old phone then come in to look at our new ones. Chest phone Automatic telephone dialer Automatic Answering Machine Kay telephone System: v ''.aiIhHLV))? Logic Hands-free Logic Dialer Logic 10 telephone SETELCO brings you communication equipment that is functional, interesting and definitely better looking.104 words
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Page 12 Miscellaneous
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Miscellaneous62 1979-06-01 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Isolated showers in early morning. Report for 24 hours prior to 7J9 p.m. on May 31 ot the airport. Maximum temperature 31.9 Associated humidity 68 Minimum temperature 24.3 Associated humidity 98 Hours of sunshine 10.30 Rainfall in millimetres Nil Total62 words
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SHIPPING TIMES
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PORTSIDES
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Article103 1979-06-01 13 Reuter JAPAN'S Shipbuilding Industry Stabilisation Association said it will buy idle facilities totalling 15 billion yen from Hakodate Dock Co Ltd as a relief measure for the slump-hit shipyard. The government-subsidised body was set up jointly by the government and industry to purchase surplus shipbuilding facilitiesReuter - 103 words
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Article59 1979-06-01 13 THERE has been another improvement in the number of vessels laid up throughout the world although following the trend of last month has slightly risen according to the latest Lloyd's Monthly List of Laid Up Vessels." The May total is 554 vessels, of 15.07 million tonnes59 words
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Article87 1979-06-01 13 Reuter THE Dutch shipowners association, Koninklijke Nederlandse Reders-Vereniging, said it believed the worst of the overcapacity problem in the shipping world was passed and overall demand and supply could be balanced between 1981 and 1984. However, this recovery could be adversely affected by governments granting shipbuilding contracts toReuter - 87 words
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466 1979-06-01 13 RAHIM KASSIM - By RAHIM KASSIM THE Chartered Bank and Jardine Offshore Inc. SA of Panama have signed a US$7 million loan agreement under the Singapore ship financing programme introduced last year. This is the second loan under the programme. The first was made last week by466 words
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Article194 1979-06-01 13 UPI FIRMNESS eoatiaaed asabated throughout the freight market, with the Far East beginning te show a slightly stronger tread. The freedom type Khiaa Wave far lastaace, secured $7,799 (S$lM4«) a day for a Jane trip from Sdyeoey (NSW) te the PenUa Gulf. Westers Atlaatle rates held veryUPI - 194 words
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757 1979-06-01 13 AFP FRESH five-year peaks were reached on the freight market last week, with some rates showing substantial gains over those paid previously. Both Soviet and Chinese chartering was evident. The fixture list expanded rapidly as recent strict security imposed on contract details appeared to haveAFP - 757 words
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2067 1979-06-01 17 SCHEDIILE 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 of2,067 words
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Article516 1979-06-01 17 Shipping Uae Page CM ACS n 5 Afea IV 3 Alfred V 3 Alpac IV 5 Angkutan V 3 ANL I 1 APL m 2 Arya Nat n 5 ASCL ra 5 Atlas V 1 Aust Cont IV 5 Bank n 5 BBS n 2 Ben Asia m 3516 words
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Article996 1979-06-01 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority s premises during996 words
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Article, Illustration2098 1979-06-01 18 FURNESS WITHY has in recent years been rather like a character in a Harold Pinter play whose direction and stability are continually threatened by outsiders, the importance of whom is not immediately apparent. The latest call at the shipping company's Fenchurch Street headquarters in2,098 words
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Article749 1979-06-01 18 NYT THE BRUNSWICK Corporation, which has long followed in the wake of the Outboard Marine Corporation (OMC) as a producer of motors for boats, now appears to be thriving while Outboard Marine throttles back at the beginning of the boating season. This is not readily apparentNYT - 749 words
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Article244 1979-06-01 18 AFP ISHIKA W A JIMA-HARIMA Heavy Industries (IHI) of Japan will sign a 3,540 million yen (5535.2 million) contract in Tokyo tomorrow to supply a floating power plant to Bangladesh through an official Japanese loan, it was announced on Wednesday. The plant will be equipped withAFP - 244 words
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Article, Illustration373 1979-06-01 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Daizyu (0700 subject gas free P/O) 15/16 Faralion Glory (2300 after Patricia) 6/7 Kimanis (1000 after Perlis) 21 King Tower (0600 after Diving Operations) 25 Nedlloyd Napier (2200 after Patricia sails) 5 Pateverett (2100) 33/34 Reefer City (1800) 8/9 Sacramento Maru (JMAR)373 words
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Page 13 Advertisements
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Advertisement456 1979-06-01 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED./U.K. Singapore Tel *****1. Port Kelang Tel *****1 Kuala.Lumpur Tel *****. Penang Tel ***** IA K 1)1 M AN I AH Orient Overseas CatdcjMeA. Line fttMM LcHawt R'daa tftwg tetweip 19 7 15/7 24 7 20 7 18 28 7 68 2456 words
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Advertisement287 1979-06-01 13 SI SEALORD ANTAH s. UASC UNITED ARAB SHIPPING CO (SAG) B?l! iWJSVK'. ..Ml UVI II ■■ARABIAN GULF WEEKLY SERVICE' Muscat <22 6) Dubai <2« 6>. Abu Dhabi (26 6) Doha (28-6). Bahrain (1/7). Dammam (3/7) Kuwait (5 7) Kuwait (4/7). Dammam (9/7). Doha (14/7) Bahrain (17/7) Dubai (21/7) Muscat (24/7)287 words
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Advertisement267 1979-06-01 13 ■NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE H bv( Br«m A wrp 70 Mn 21 Mm 73 ton 79Mn 30 M« 7My iW| iMy IMy 1? My 13 M>y 15 My II My 19 My 71 My 73 My 74 My 76 My 31 My267 words
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Advertisement704 1979-06-01 13 Nedlloyd Lines Regular Liner Services To From All Parts of the World. Singapore Tel *****1 Port Kelang Tel *****1 Kuala Lumpur Tel ***** Penartg Tel ***** MAERSK LINE F* US PacAt PacAc Wort* West Grit 1 Atlantic [»si Cmdi and Mruco (Also acceptinf toi Honfkoot Tawar upan and Korea) FHU.T704 words
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Page 14 Advertisements
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Advertisement826 1979-06-01 14 FULLY CONTAtRBED TO EUROPE I Sport f .K«t*| I Haaftanf Eiprtu Kirnaktia Mara Tokyo Bay Cardgaa ll) T«kao Eipreis EfteMaro Out a Bay Lr»erpool Bay t 6 6/6 8/6 13/6 14/6 23/6 24/6 28/6 30/6 4/7 8/7 U/7 13/7 24/6 26/6 27/6 29/6 27/6 29/6 30/6 3/7 4/7 6/7 7/7826 words
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Advertisement397 1979-06-01 14 I Hvj? borber blue From: US ATIANTICUS GULfI EAST CANADA Safe N Mm sm Tk CANADA/USA Pacific bust *Smh (EAC) 5-7/1 4-! S-10/C (MS) I (WC) (BBS) (EAC) I (WC) 4-0/4 17-20/4 n-30/4 5-7/7 1728/7 1-2/7 HO/7 1/7 */7 3/7 20/7 b-io/7 21-24/7 11/1 24/4 11/1 20/1 1 IMC TIOS397 words
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Advertisement538 1979-06-01 14 0 EVERGREEN LINE FAR FAST FUROPf FXPRFSS FUll CONTAINER SERVICE ACCEPTMG CARGO FOR: HAMBURG. FELRSTOHE, ROTTERDAM. ANTWERP IE HAVRE ALSO ACCEPTMG CARGO FOR UNTED KMGOOM SOUTHAMPTON. [ONOON. MANCHESTER. BMMMGHAM. BRISTOL, LIVERPOOL GLASGOW. LEEDS WEST GERMANY Imnmar HOUAND AMSTERDAM S'pn Hantori FMm RaMtriai lahmp It Ntwt E»tr HrH* Ikm 221 m538 words
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Advertisement1065 1979-06-01 14 Everett Lilies/ 2 I V Burma Fhrt Star Shipping Corpn. "BURMESE NATIONAL LINE' lOMMG FOR RANGOON HTAKTAWYWA 16/11 km B F SS C Aaantt m Mokjywa TEPS MALAYSIA Port Kelong Ttl (38>-7355 Penong T«l *****/***** Compania Ar|«ntina Da Navaoacion Intarcontinantai S. A. C.I. F. "ARGENTINE NATIONAL LINE' LOADMG FOR DURBAN,1,065 words
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Advertisement640 1979-06-01 14 "EkO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD KM 2 102 2103 21ST FLOOR MARINA HOUSE SHf NTON WAY MISTRI ROAD SINGAPORE 2 If I *****44 7 *****70 SANKYO LINE AUSTRALIA SERVICE P. KaJang Singapore Loadng for KYOSEIMARU 12/14 June 15/18 Jum SYD, MEL. ADEL TWEE STAR 15/11 tun* 17/17 km BRtS640 words
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Page 15 Advertisements
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Advertisement691 1979-06-01 15 Overseas B MB Containers Limited Weekly service to/from UK/Europe To UK/Continent Hburi S>t<o IMm L< Havre S ton P KUang S po»t Ikit tato: car •< !»■< MM MM IJM bW bM Ila TK. KB Bti Mk M w JjM 11 tm US. TK WBU tWr Iwmt W UM 1M691 words
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Advertisement960 1979-06-01 15 GRANARD LINE RELIABLE I DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDITERRANEAN Sport PKtten fw M.V. MAN HMG V.27W 1« lun IS iM M V MAN FUNG V.2M 14 M MV. KNOW FUNK V.2M. 30 M ALL VESSELS ACCEP TMG CONTWO CARfiO Mdati/P Said Altiandna Beirut/limassol Lattakia Piretus Bcnfhui Tnpoti leddah'P960 words
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Advertisement655 1979-06-01 15 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM I FROM f l*£tt H'BUHG B HAVEN R DAM HAVRE SOTON W Germany/Austria knchii France M UK P Keianf car 2/6 mi. BU U/l T*N. JPN. BU El BEN ASIA CONTAINER SERVICE EXPRESS CONTAKR SERVICE STRJUTS/TWIWN/JAPUN TO TAIWAN/JAPAN Benny Trader 2807 Clipper Ace655 words
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Advertisement449 1979-06-01 15 Scan Dutch 9 WEEKLY EXPR nr.] i *< i va w| ivi i >m; i »m ir EASTBOUND FROM MED/UK/NC/SCANDINAVIA I) C'tai 2) Hba'i 3) Im4) fm i) leH «tt« (TmSJTp AOMttAM SMM SaM SaM SaM SaM SatM 9/6 Sj NED HOUTMM SMM SaM SaM SaM SaM SaM 14/4 UTLMOW449 words
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Advertisement710 1979-06-01 15 BOUSTEAD AGENCIES THE BANK LINE LTD LOADS FOR E. I S. AFRICA Maiunga Durban. Ctowi. PE. E-l*) Spore 4/7 ton P Ketone FROM EAST I SOUTH AFRICA FOR BANGKOK MANIA Penang P Ketang S pore hi LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobfle, Houston, Galveston) Singapore P710 words
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Page 16 Advertisements
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Advertisement977 1979-06-01 16 i "Jt a EUROPE FXPRESS SERVICE TO EUROPE N COS** 13W C PAW lb* N PEARI 15* C RO/E 14* Bremen Awerp 21 lun 73 lun 13 My IS toly 19 toly 21 luly (acceptmg cat joes to Scandnana »u Hamburg) FROM EUROPE TO FAR EAST •l Havre P Kelang977 words
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Advertisement656 1979-06-01 16 U.S.A./EAST CANADA SERVICE Penang Betaean P letang Sfl<e*KXf E C /GREAT LAKES SERVICE loadmc for mi ran. wrfou. Montreal. tomnto Penang IWirai P Wang Singapore "MSHVA MRAM" 4/5 Am» MPI/3AMe WMMTtr 20/30 Imm 27/20 Imm 24/20 Am* CALIFORNIA/PACIFIC NORTH WEST SERVICE lu*>| to ICS ANGELES. MM FRAMCtSCO. SEATTLE. lACOMA. VANCOUVER656 words
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Advertisement535 1979-06-01 16 r < >IM)U|> SINGAPORE SHIPPING AGENCIES PTE LTD. 20 Tm FIOOH OCEAN BUILOiNG SINGAPORE 1 MARKETING 9i '122 (3 LINESi GENERAL 9' 3" 1 I' 4 LINESi TELE* RS ***** RS ***** A 8 C ARSH iP •CA Be E CARGOSHiP SINGAPORE ISLANDS LINE MIPDI t EAST RK.LLAR USER A535 words
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Advertisement903 1979-06-01 16 I MAI+YSIAH INTtRNAIIONAL SHIPPING CORPORATION BtRMAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WEST Wtt (lßk Vessel Spore 1) kheiAes 2> Rdam 3) Htorg 4) Gburg FwStf SCA Saded KO hOORN 8/6 72/6 28/6 »/6 EIEANORA 9/6 TOYAI4A 12/6 29/6 5/7 7/7 FRANCf SCA 16/6 *08MC*« 19/6 7/7 >1/7 15/7 U/7903 words
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Advertisement759 1979-06-01 16 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 II Telephone *****11/*****57 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE Mfumu r «n Elßf *840 (Contr Slav> S pore P MMf (la 41a Penan( ln*n *v Aton (UR)/A «erpTAory < 25 Ml Rotterdam Hamburg arnt/immt I HTIUa (fit) in 2JSXII759 words
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Page 17 Advertisements
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Advertisement313 1979-06-01 17 m EGYPTIAN IkJTC Dld A T\f\*A A I I IMC :C 11 INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT KEL POUNG PT SMD AIHMUNA SPHMXU Ju> 20 PYD AMDS U My 2 ML£ U Mr 20 My 4 Myl Mr313 words
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Advertisement315 1979-06-01 17 I2RM FAR EAST--\UUn/ WEST AFRICA SERVICES CONTAMER BULK SERVICE TO LAGOS/APAPA, PORT HARCOURT, TEMA. MONROVIA DOUALA AM) ABOIAN VESSEL Japan HKanf Spore L*|ts ICPTIM SPMEL 10 tun 17lun 12 M ACCEPT*® BOTH COOT AMIS AN) PALLETISED CARGO GEM ALSO ACCEPT CAKO FOR CONAKRY. NOUAKCHOTT AN) NOUAMBOU MTH TRANSHPKMT AT MONROVIA315 words
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Advertisement261 1979-06-01 17 r r P.T. PERUSAHAAN PELAYARAN ?J. ANGKUTAN PERTAMBANGAN THE ON.Y SMGAPORE /VOONESiA CONTJUKR FEEDER SERVICE AUTHORISED BY MOKSU GOVERNMENT MTH FULL CONTAMR VESSELS EACH CARRYMG 112 TEU VESSEL TUAAMC M I HMMVWI TAKARI I ALSO ACCEPTWG CARGO FOR WOONESIA GOVERNMENT PROJECT ANO HEAVY MACHMERKS TAKARI AT TAKARI N TAMBANG VI261 words
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Advertisement380 1979-06-01 17 LIAN SOCN SHIPPING TRADING CO (PTE) LTD iio: Hl* fiOO« Z'f BOIIOiNC,tOSiRSO* *o*o SIMGtfOH Tfl ***** M li IIWS» CAIU lIMUMO n* FTD BDONE9A SIMCE M« "SELABAT OATBB* 94 79 114-79 IMMTt H.V "CtORT MOB" nraiT 24-79 SABAOBM NY ORI MAMS 9*79 1479 UUWNI SAMMtMM last nalatsb nwa M« SENG380 words
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Advertisement329 1979-06-01 17 NOTICES EVERETT STEAMSHIP CORPORATION S A a/i "PiMtrvrrrn" Vn. t-t M: ti.i.li Ptaff af Sarvey: Pii.A. G4as. M 41 General Survey on damaged cargo discharged ex the above vessel will be held on Ist June 1979 from 8.30 a.m. No further survey will be held after this date. J M.Y.329 words
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