The Business Times, 5 June 1979

Microfilm: NL10198
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 141/1/7 J TUESDAY, JUNE 5,1971 50CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Carter-Ohira talks
      76 1 AFP TOKYO, Mon. US President Carter and Japanese Prime Minister Masayoshi Ohira in their June 24 to 25 talks here will discuss the Korean situation in connection with the planned withdrawal of American troops from South Korea, and US and Japanese assistance to Asean nations. Mr Carter will
      AFP  -  76 words
    • Article
      Lock icon Strengthening ties
      63 1 Reuter BAHRAIN, Mon. The Emir of Bahrain, Sheikh Issa bin Sulman Al-Khalifa, is to leave here tonight on a three-day state visit to Singapore. An economic cooperation agreement is expected to be signed during the visit, further strengthening the mutual ties. There was speculation that Bahrain and Singapore
      Reuter  -  63 words
    • Article
      Lock icon No alignment?
      57 1 UPI COLOMBO, Mon. Sri Lanka's refusal to recognise the new Vietnam and Soviet-backed Cambodian government threatened to split an important conference of non-aligned nations here. The controversial issue of Cambodian representation at a coordinating session in advance of the non-aligned summit conference in Havana in September caused a
      UPI  -  57 words
    • Article
      Lock icon 'No' to Palestine
      72 1 Reuter CAIRO, Mon. Israeli Foreign Minister Moshe Dayan today strongly re-stated his country's opposition to the creation of a Palestinian state, its insistence on building more Jewish settlements on occupied land and its refusal to surrender on Jerusalem. The Egyptian Minister of State for Foreign Affairs, Boutros
      Reuter  -  72 words
    • Article
      Thai deficit likely
      36 1 BANGKOK, Mon. Thailand is expected to suffer a trade deficit of US$l9 billion (554.18 billion) this year on exports of $5.12 billion and imports of $7 billion, a Bank of Thailand source said.
      36 words
    • Article
      Lock icon Ghana coup fails
      63 1 AFP LOME, Togo, Mon. An attempted military coup in Accra failed early today, according to a Ghana radio broadcast monitored here. In the broadcast the Ghanaian army chief, named as General Wellington, said the supreme military council was in control. He called on the people to resume
      AFP  -  63 words
    • Article
      Lock icon Vorster quits
      49 1 AP CAPE TOWN, Mon. South Africa's President John Vorster resigned today, Prime Minister Pieter Botha informed Parliament. The resignation of the Mr Vorster, 64, came after the release of an investigative report which accused him of covering up a financial scandal rocking the South African government.— AP.
      AP  -  49 words
    • Article
      Lock icon Dow Jones
      51 1 AP NEW YORK, Mon. The stock market edged higher this morning after the steep decline of the previous week. The Dow Jones average of 30 industrials rose 0.34 to 821.55 in the first half hour and advances held about even with declines among New York Stock Exchange-listed issues.
      AP  -  51 words
  • Chief Price Changes
    • Article
      SINGAPORE
      132 1 Rises Indices Straits Trading 730 Cobs plant WrU 006 C C fi 570 Rotkmaas 484 Tan Ck«a| 330 Gold Coin 304 DBS 506 Batn Lint an 284 Barjaya Kawat 245 Sin Cktw 428 P M I 324 Falls D Keranat 1250 Barjuatai 820 8 B A L 208 FAN
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    • Article, Illustration
      KUALA LUMPUR
      146 1 Rises i Indices Conspiant Int Wood Kramat Rothmans Minsec Malakoff P. Chem K em pas N. Iron S. Kinta Wrts 615 350 198 382 488 344 314 350 515 540 805 +35 +24 +18 +18 14 +12 +10 10 10 +10 +10 Ju 1 Jun 4 B.T. Index:
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  • Article
    SIA now seeks Canadian rights
    635 1  -  TRANS-PACIFIC SERVICE BCX)ST By WANG LOOK KEAH SINGAPORE will soon be negotiating for air traffic rights into Canada and countries which are intermediate points in the Pacific to boost its transPacific air service. Singapore Airlines (SIA) was given the rights to operate beyond the United
    635 words
  • Article
    Lock icon US-Philippines talks
    172 1 AFP AIK treaty aegatiattsas betweea the limited States aad the Philippine will resume la Washiagtaa sa Jaae tS. A Maaila bwdaess sews paper qaettng Philippine ssarees repsrted yesterday the Washiagtaa talks might arrive at a warUag agreemeat iavatviag increased freqaeades, bat sa limited carriers, aad might alsa pre
    AFP  -  172 words
  • Article
    AIR TALKS HIT SNAGS AGAIN
    225 1 TALKS between Malaysian and British officials on a new* ttr services agreement has rim into snags again, it was learned in Kuala Lumpur yesterday. The talks, which began in London a week ago and were mainly aimed at obtaining more landing rights for the state-run
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  • Article
    Komasi raises plywood export prices
    487 1 KOMASI, the plywood associations of Korea, Malaysia and Singapore, will increase the export prices of plywood for the third consecutive quarter this year. With prices of south-sea logs having been persistently firm, it is likely that this year will finish off with four successive quarterly
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  • Article
    Lock icon KL reaps $1.1b surplus
    171 1 AFP STRONG performances by the leading exports gave Peninsular Malaysia a trade surplus of nearly Msl.l billion in the first quarter of this year. Figures released by the Malaysian Statistics Department yesterday showed exports of $4,214.6 million in the JanuaryMarch period, against imports of 13,117.0 million.
    AFP  -  171 words
  • Article
    Lock icon Thailand gives high priority to national security
    263 1 Reuter THAILAND'S ww gavera■nt aader Prime Minister Kriuptk CbMDiaia try's arawdhmi, paMce aad dvllUa mllltta, aeetrdlig to a palley stotomeat dtetrihatod to toe eMutry'a Members «f Paritameat yesterday The ■totomeat, to be feranally preaeated to a jalat ritttog af toe elected Lever Haaae
    Reuter  -  263 words
  • Article
    Sintesd visit to NZ is about to bear fruit
    422 1  -  By JOHN LIM A NEW Zealand company, making synthetic marble and bathroom fixtures, is sending a team here to discuss the possibility of a joint-venture with a local company, Eng Seng Cement Products. Should all go well, this will be the
    422 words
  • Article
    Oil for the poor
    51 1 THE Organisation of Petroleum Exporting Countries (Opee) is to study a proposal to guarantee oil and gas supplies to developing countries, Al-Riyadh newspaper said yesterday. It said poor nations are having difficulty in meeting their requirements and some had complained to Opec and asked for guaranteed
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      45 1 Raid Corporation For all types of o„k. Culinary (Oriental ■aklCanantUa and European) Tel: *****4/*****4 whole. Te»e*: RS ***** A/B R AKICOR nibbed, herbs. CaMc "RAKJCORP" seeds.roots, apices F«io„ and pulses. War tiling Industrial Estate Malaysia Tel: ***** Manufacturer, abl«: "RAKICORP" Johore Bahru miller and stockists.
      45 words
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      Page 1 Advertisements Column 2
      20 1 lynx Predators Top cats on the prowlgreen after green lynx Predators Investment Cost Woods ond Irons definitely is your club
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    • Advertisement
      Page 1 Advertisements Column 3
      38 1 SHIPPING TIMES ANTI-NUCLEAR demmtraMgftop CONBTLTMER credit m the MCDONALD Daogltt ®tategy at VkM a LOOKING market last meatfc HOW MalajeU iateads to eemex attractive MEMOPAD*, PUOBTBkTV AND RADIO CRO6BWOBD«, WHERE TO WINE A MNE S, STRAWS 1, It
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    • Advertisement
      Page 1 Advertisements Column 4
      340 1 Plain paper copiers Preferred by offices worldwide CALL *****5. Wywy Private Limited mw Wywy House 17 Leng Kee Road. Mtw Singapore 3 KLM The reliable aiiiirte of Holland Looking fora smooth connection to get to the UK? KLM's home-base offers you 358 flights a week to 22 destination* in the
      340 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      463 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, srrc, sitc May 29-June 7: Employee Training and Development, Holiday Inn, Personnel and Organisation Development June 4-5: Finance for non-finan-cial managers,
      463 words
    • Article
      New office projects will transform Raffles Place
      658 2  -  By TEO TECK WENG AN OFFICE building boom is gearing up in Raffles Place the traditional centre of business activities. Its full effect will not be felt until 1982 but, even then, it is generally believed that the additional space created is unlikely
      658 words
    • Article
      Marco Polo launches courtesy drive
      164 2 ANOTHER Hotel has begun an in-house courtesy campaign to run concurrently with the two-month-long national courtesy campaign. Like the Mandarin, the Marco Polo which is now undergoing a major expansion, has launched its own campaign in support of the national drive. For the duration of
      164 words
    • Article
      Chatting up the computer at USMIC exhibition
      290 2 A VOICE recognition unit allowing dialogue between operators and computers will be among the new products featured in Computer America 79, a five-day exhibition and seminar on computers and peripheral equipment for business and industry. To be held at the United States International
      290 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      267 2 MR KENNETH B. Wywm of Chemical Bank Singapore has been appointed president director of P.T. Multinational Finance Corporation (Multicor) in Indonesia effective June 1. He replaces Mr Christopher Ash by. Multicor is a consortium of Indonesian and international banks comprising P.T. Bank Central Asia, Jardine Fleming and
      267 words
    • Article, Illustration
      Hyatt to go on-line
      169 2 HYATT Regency Singapore will have a fully-computer-ised administration system when a recently-purchased ICL computer becomes fully-operational at the end of the year. The hotel signed the 11 million purchase contract with ICL Singapore last Saturday. Pull computerisation will cover front and back office operation at the
      169 words
    • Article
      Cultural fund now $1.7m
      83 2 DONATIONS to the Singapore Cultural Foundation to date total 11,710,426.43. This includes 11,518,276.43 received so far with outstanding pledges of 1192,150. Some of the latest donors are the National Theatre Trust ($163,428), Shell Eastern Petroleum (150,000) and the Singapore Tourist Promotion Board ($50,000). Shell Eastern Petroleum
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    • Article
      Property tax payments
      79 2 THREE more Overseas Union Bank (OUB) branches will collect property tax payments on behalf of the Inland Revenue Department from July 1 this year. They are the Outram Branch at Outram Park Shopping Complex, the Macpherson Branch at Jalan Wangi and the Selegie Branch at Selegie Road.
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    • Article
      New office bearers for Sapi
      71 2 MR KOH Choon Hui was elected president of the Singapore Association of Pharmaceautical Industries (Sapi) for the year 1979-1900 at an annual general meeting held last month. Mrs Lynette Lee was elected vice-president. Other office beareis are Mr Henry Kota, Mrs Nah Ling Jong and
      71 words
    • Article
      Road closed
      41 2 THE STRETCH of Flower Road between Highland Road and Kovan Road will be closed to traffic for two months from today for sewerage works. Motorists are advised to observe traffic signs and use Hillside Drive as an alternative route.
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    • Article
      Advance party of 10 double deckers in Aug
      357 2 TEN new Singapore Bus Service double-deckers will hit the road in August. Part of a fleet of 200 ordered by SBS, the 10 were originally scheduled to operate by May but were delayed in shipment. An average of 10 to 15 buses
      357 words
    • Article
      STUDY MISSION FOR JAPAN
      90 2 A SEVEN-member study mission on industrial relations will leave for Japan on June 11 and return on June 26. IT is organised by the National Productivity Board (NPB) in association with the National Trades Union Congress and several management associations. Four members of the mission come
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    • Article
      Minister to open plant
      74 2 THE Minister for Trade and Industry Goh Chok Tong will officially open the plant at JSW (Pte) Ltd on Friday. The wholly-owned subsidiary of Japan Steel Works, with a paid up*capital of $6 million and fixed assets of $3.6 million, begins production of injection moulding machines
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    • Article
      DIVIDENDS ANNOUNCED
      907 2 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Ambassador 75*<b) Apr 27 May 7 May 30 75* C a rlab*rg 155* May 8 May 20 May 30 154* 15* Hick A Low 30* Apr 18 Apr 28 May 30 50*
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    • Article
      SCRIP ISSUE
      169 2 Company Particular* Ez Data Books Cloae L td Plant O U B Olympla Oriental HWg« Mai Flour Spore Glaaa Yao Hiap Sang Bonus Issue of 1 for 4 Bonus Issue of 1 for 0 Rights Issue of 1 for 6 fc &00 per share Bonus Issue of 1
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      133 2 BUSINESS TIMES GIVES YOU THE EDGE Every single business day, Business Times keeps you informed of essential financial, commercial and industrial news. Economic Trends. The Money Market. Price Indices. Company News, Reports. Opinions and predictions. Can you really afford to miss Busim aw, Cot oat and post today To: Times
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  • REGIONAL
    • Article
      SUMMIT TO FOCUS ON ENERGY PROBLEMS
      331 3 JAPANESE Prime Minster Masayoshi Ohira said the Tokyo summit of Western industrial nations later this month would focus on how to deal with energy problems. What measures advanced nations could work out and how they cooperate in coping with the oil supply situation form
      331 words
    • Article
      Regent to build two resorts
      180 3 THE Hongkong-based Regent International Hotel will build two more deluxe beach resorts, the Regent of Bali and the Regent of Penang. Both hotels will be completed by 1981. The 270-room Regent of Bali will be the first international hotel for Bali since 1974 and is
      180 words
    • Article
      Lock icon Chinese oilfields to tap US technology soon
      744 3 NYT UPI CHINA'S highest economics official said he expects to sign agreements with American companies in the coming few days to use their technology in expanding the "very great potential" of China's oilfields. Mr Kang Xien, a Deputy Premier who directs Energy and
      NYT; UPI  -  744 words
    • Article
      Lock icon Coal supply contract
      105 3 AP THE state-run Korea Electric Co. (Keco) and five Australian coal mining companies yesterday concluded a bituminous coal supply contract to provide South Korea 6.9 million tonnes of coal for five years beginning 1982. The contract was signed by South Korean Energy and Resources Minister Chang Yie-Joon,
      AP  -  105 words
    • Article
      Lock icon Food crops threatened
      199 3 AFP UPI IT IS feared that severe drought may damage standing jute and food crops in eastern India. The Press Trust of India news agency, quoting official preliminary estimates, reported that the damage in West Bengal is estimated at around 1.5 billion rupees (Ss4l2 million). No official
      AFP; UPI  -  199 words
    • Article
      Malaysia may buy North Korean steel
      140 3 MALAYSIA will look into the possibility of importing steel from North Korea to overcome the present shortage, Deputy Malaysian Prime Minister Dr Mahathir Mohamad said yesterday. He said Singapore had recently supplie J 10,000 tonnes of steel to Malaysia at short notice. He added
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    • Article
      Jakarta seeks expanded role for Japan
      161 3 AN INDONESIAN parllameatariaa ku appealed I* Japaa to stop ip ito lavelvemeat to laisaraU. Mt aaiy to toe ccaaamlc field bat alaa to toe political aad military Beto as well. The ehalrmaa af toe ladastry aad lavestmeat Cammlsilai to Parliament, Jaeab Tahiag, told the
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    • Article
      Lock icon Seafood mission
      79 3 AP A 15-member US seafood trade mission yesterday started talks with Japanese officials to promote American maritime products in Japan. An American embassy spokesman said the US team, led by Mr William Hannum, a US Department of Commerce official, briefed staff at Japan's Fisheries Agency on the US
      AP  -  79 words
    • Article
      Lock icon West Asia's Japanese electric imports leap
      466 3 UPI Reuter THE yen's depreciation combined with sharply higher exports of electric equipment to West Asian nations raised Japan's exports over a year ago. The Finance Ministry and the Bank of Japan said yesterday that Japan's exports last month on a letter of credit
      UPI; Reuter  -  466 words
    • Article
      Lock icon FLOOD OF AFGHAN REFUGEES SWELLS
      176 3 AFP A FRESH wave of refugees from Afghanistan seeking haven in neighbouring Pakistan, has brought their total to 100,000, a Pakistani Foreign Ministry spokesman said in Islamabad on Sunday. Denying earlier reports by Radio Moscow and Tass, the Soviet news agency, alleging Pakistani interference in
      AFP  -  176 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      155 3 GAL ANT SIGMA 2000: THE LIVING ROOM COMFORT li.il m m r. r k ■< r B r <«r The aura of aass is unmistakable. Roomier interior. Plush velour upholstery. Door to door carpeting. Fitted with special insulated acoustical ceiling and fully-padded doors, the Gaiant 2000 ensures a quiet, relaxed
      155 words
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  • RAW MATERIALS
    • Article
      RUBBER
      360 4 OPENING prices in Singapore yesterday were marked down slightly on afterhours easiness here last Friday but the market later steadied some two cents on upcountry and local buying. Some selling emerged at the highs to pare the gain slightly. The market recovered slightly towards the morning's close as sellers
      360 words
    • Article
      Closing prices
      30 4 Rubber: June 4 Singapore: June: 308.50 cents (up 4.50 cents) Malaysia: June: 311.50 cents (up 4.00 cents) Tin: $1,990 (up $5) Official offering: 183 tonnes (up 43 tonnes)
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    • Article
      RAS PRICES
      340 4 R.A.S. prices In cents per kilo yesterday: Nooa Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt (.o.b. 311.50 312. SON 312.50 314.50N Int. 1 R.S.S. June 306.75 306.75 308.50 309.00 Int. 1 R.S.S. July 296.00 295.50 297.00 297JO Int. 2 R.S.S. 291.00 292.00N
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    • Article
      SSR and SMR
      106 4 NOON SSR and SMR on cee >eeterdayRAS hue Jaly (C«n •eat Mtb> (Foi rwird Mtk) SSR 20 Bnyei r» Seller* Barer* Sellers (l-too pallet) 285.50 287JON 284.50 286.50N SSR 50 (1-too pallet) 282-50 284. SON 281.50 283-50N MRELB SMR CV (lion pallet) 314JJ0 31S.OON 312.00 314.00N SMR
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    • Article
      Palm oil
      69 4 CIS. North European ports. In US dollars per ton unless otherwise stated. LONDON: Malaysian SHffa bulk per tonne W PTWImi July unch 664slr Sumatra 5* ffa bulk May deleted 692 2sir June 675slr 675pd July unch 870pd August wnwsir 665pd September unch 860s lr Nigeria 5H ffa bulk
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    • Article
      Straits tin
      67 4 THE STRAITS tin price in Penang yesterday rose Mss to $l*iM picnl,. $219 rlngglt above the Internatienal Tin Agreement ceiling. The slight rise was dne largely to lew supplies ef tin concentrates frem miners ever the weekend and eentinned light supped (rem all seurees, particularly Japan and leeal
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    • Article
      Rice
      330 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent fir* class (Kangaroo) new crop 0.36. 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
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    • Article
      Hongkong Comex
      161 4 THE SUGAR futures market yesterday continued the recent quiet trend with no trades registered as on Ffriday, dealers said. July closed at 8.00/05 US cents against Friday's 7.85/ 90 close, September at 8.40/ 45 against 8.35/90 and distant May at 9.60/65 against 9.55/60 cents. Sugar future* closing prices:
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    • Article
      Produce exchange
      296 4 DEALERS in Singapore reported very little commodity trading yesterday. At the Singapore Chinese Produce Exchange, there was hardly any inclination to deal. Overseas price indications were all but certain and under these circumstances buyers were making themselves scarce although there were some cheaper offers held out for certain
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    • Article
      Textiles
      192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattaa yan: China Blue Phoenix 20s 2,360 32s 2,870 40s 3,075 (per bale of 400 lbs). Pteee China Butterfly and Globe brand unq: Dragon Head unq; Five Lambs unq; Flower and Butterfly unq;
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    • Article
      LONDON MARKETS
      636 4 COFFEE: Robusta futures yesterday ended a special and extended morning closing call irregular and with gains from Friday of between £122 in near July to £69 per tonne in distant May. Turnover was 9,706 lots, including 10 options and a substantial number of cross trades. Dealers said a
      636 words
    • Article
      Lock icon Congress unlikely to pass Sugar Bill
      197 4 UPI THE U8 Ceagren shsald Impiemeat the lateraadeaal Sagar Agreemeat, bat will probably aat eaact a ismestte sagar programme this year. The ehalnaaa sf the Hsase Ways aad Meaas Trade Sabcemmlttoe, Rep Charles Vaalk, said that rSS iatradaee legUattsa eafflag for US tmpfomeatatfoa sf
      UPI  -  197 words
    • Article
      Lock icon BANGKOK RICE FOR B'DESH
      108 4 Reuter THAILAND will sell 100,000 tonnes of parboiled rice, valued at US$25 million, to Bangladesh on a government to government basis Thai Commerce Minister Ob Vasurat said the rice, 25 per cent parboiled, will be delivered to Bangladesh at the rate of 20,000 to 30.000 tonnes
      Reuter  -  108 words
    • Article
      Sharp rise likely in Selangor's tin output
      652 4 THE ANNUAL tin output of Selangor is expected to experience a sharp increase within the next two years. Announcing this in Kuala Lumpur, Mentri Besar Datuk Hormat Rafei said the state is currently producing 70.000 piculs of tin annually and the production is
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    • Article
      Lock icon Further fall in world copper stocks expected
      483 4 Reuter WORLD copper stocks at the end of this year are expected to total 1.89 million short tons, representing 17 per cent of world consumption, against 2.25 million and 22 per cent at end-1978. Conti Commodity Services Inc. in a copper research paper,
      Reuter  -  483 words
  • ASIAN STOCKS
    • Article
      Sydney
      252 4 THE market was steady to slightly lower in (airly dull trading yesterday, dealers said. JUNE 04 Cents INDUSTRIALS A. C. I. 190 unch A N I. 106 unch A P M 127 -1 Ampoi Pet. 00 1 B H P. 9606 Bank NSW 370 -2 marnrn* 215 -2 100
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    • Article
      Manila
      91 4 JUNE 04 Pesos Acoje Mininf A Has Con A Ail** Con B. ao 50 -06 B&fuio OoM B*n«u«t Con B BF Ooodrlch .000 0 0002 H 20 00 -0 1 CPCP 22.00 -AS Landoil Lepanto B Mftrtnduque B 18 -0.01 0 J06 MeraJco 20 10 -0 9 ZZ 083
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    • Article
      Medium-sized blue chips fall sharply
      615 4 Tokyo NIPPON Oil and Teikoku Oil rose in brisk trading yesterday, recording all-time highs again, pushing up other resource-related and incentivebacked issues. In reaction, high-priced, medium-sized blue chips such as light-electrical and pharmaceutical issues fell- sharply on relatively light selling or on switching to speculative
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    • Article
      Lock icon Hongkong
      302 4 Source: SHK Sec Ltd THE MARKET fell again yesterday owing to the lack of bullish news and the unwinding of long positions by shortterm speculators. Turnover: JHK36 99 million JUI Am Am Boi cm Ctll cm cit] CKJ Cos Con Cra Eu E <* HKt ml Rubbar oclalad Hotel*
      Source: SHK Sec Ltd  -  302 words
    • Article
      Bangkok
      235 4 JUNE 04 Bah is Asia Credit 278 4-2 Asm Fibre 194 Ayuthayt Inv. And Trust Bangkok InvMtm»nt Bangkok Bank 360 unch Bangkok Drying And Slln Bangkok Insurance Bangkok Metropolitan Ban 584 g Bangkok Nylon Bank Of Asia Bank Of Ayudhaya Ltd 220 -6 Bala Berll Jucker 335 -4 Carpet
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    • Article
      Selected indices
      32 4 H.K.HANG 8ENO Monday 554.14 Friday 550 96 Week Ago 558.72 SYDNEY INDUSTRIALS Monday 491.52 Friday 490 78 Week Ago 485.07 ALL ORDINARIES Monday 591.05 Friday 591 08 Week Ago 586.13
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      71 4 "THE MASTERS" Distinguished Residence. 1 -2-3 bedroom suites Prices from: $55,000 Canadian Funds Developer with give 5-yeor rent guaranty. For information contact: In Hong Kong: In Singapore: or write to: Montpelier International Properties 305, Fu House, 7, Ice House Street Tel: 5-*****1 Bellian Securities Tower 2101 A DBS Building Shenton
      71 words
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  • OVERSEAS
    • Article
      Lock icon Shiite clergy urged to hang on to power
      298 5 UPI A CLOSE aide of Ayatollah Ruhollah Khomeiny, the unofficial head of Iran, says the country's Shiite Islamic clergy must not let go of the power it acquired in the revolution that overthrew the Shah. "The Shiite clergy can no longer afford
      UPI  -  298 words
    • Article
      Lock icon Egypt, Israel bid to open border
      217 5 UPI AFP EGYPT and Israel started talks yesterday on the opening of their border for the first time in 31 years, with President Anwar Sadat's government urging that freedom of movement between the two countries should be heavily curtailed. The border opening was announced
      UPI; AFP  -  217 words
    • Article, Illustration
      Lock icon Massive roundup at anti-nuclear rallies
      450 5 Agencies POLICE rounded up anti-nu-clear activists by the dozens on Sunday during a weekend of civil disobedience demonstrations at nuclear power plant sites across the United States. More than than 1,000 protesters were taken into custody over the weekend. At least 100 were arrested on
      Agencies; UPI picture  -  450 words
    • Article
      ITALIAN REDS MAY SEE SETBACK
      159 5 THE Italian general election ended yesterday with the powerful Communists expected to suffer their first setback in more than 30 years. Opinion polls have predicted gains for the ruling Christian Democrats and corresponding losses for both the Communist Party and the neo-fascist Italian Social Movement.
      159 words
    • Article
      Lock icon Carter to make guidelines more palatable
      688 5 Agencies THE Carter Administration is revising its voluntary wage and price guidelines to make them more acceptable to labour and business, Treasury Secretary Michael Blumenthal said on Sunday. Speaking on television, Mr Blumenthal said businessmen and union leaders realise the guidelines are essential to
      Agencies  -  688 words
    • Article
      Lock icon Spur oil firms need
      359 5 AP UPI PETROL prices will have to reach about US$l.5O (about 553.30) a gallon (3.78 litres) before American oil companies will embark on an allout effort to develop coal and shale oil and draw oil from old wells, chairman of the board of Standard Oil of
      AP; UPI  -  359 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      752 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0650 KUL SIA/BA SQ/BA17 0800 LHR BAH MAS MH682 0655 KCH SIA SQ101 0630 KUL MAS MH621 0640 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN KUL CAL CB14 1000 HLP CPA CX710 1005 HLP GU GA980
      752 words
    • Article
      'Continue sanctions against Rhodesia'
      156 5 THE AMERICAN representative to the United Nations, Mr Andrew Young, favoured continued sanctions against the Salisbury regime and any decision on the subject should take account of US relations with the rest of Africa. But, he stressed, any political initiative regarding the new black-dominated government in
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    • WORLD IN BRIEF
      • Article
        Lock icon OIL ISSUE EXPLOSIVE
        549 5 Agencies WEST German Chancellor Helmut Schmidt said in New York that competition for dwindling oil and natural gas supplies could lead to war. In the current issue of Time magazine, Mr Schmidt said that "if nuclear energy is not developed fast enough, wars may become possible for
        Agencies  -  549 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      119 5 r~r. it r -V W r zJ a car of prestigious size at a reasonable price Big cars always cost big money, but not everyone can manage with a smaller vehicle. There are those who crave and need the accommodation, luxury and comfort of a big car. The Mazda 929
      119 words
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  • Article
    Argument built on little spadework
    464 6 THERE is no denying that professionals contribute constructively to the well-being of society. They, in return, are handsomely rewarded for their services which are so intricately woven into the social fabric that they are not only at most times fallaciously viewed as indispensable but they
    464 words
  • Article
    A nation teeming with 'gasocholics'
    359 6 WORLD SENTIMENT has been moving inexorably against the predominantly American oil giants. The American public appears to be siding largely with President Carter in his efforts to tax severely the profits that the oil majors periodically make from increases in crude oil prices levied by
    359 words
  • Article, Illustration
    Lock icon A strategy that didn't work
    1977 6  -  By PAMELA HOLLIE NYT IT IS a standard business strategy. A company that does all its business in a single market, selling whips for buggies, for example, has a problem if the market collapses. Worse off still, theoretically, is the company that deals with a
    NYT  -  1,977 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      96 6 JAKARTA BUSINESSMEN SPECIAL Sssl6* Return economy airticket on SIA or Garuda Airport Transfers in Jakarta Two nights C. Breakfast extras at any of the following luxury class Jakarta Hotels (twin sharing) In ititii WiltwMa^ifw The package to beat all package!' Can for more detail* or brochure *****22 (Business Travel Dept.)
      96 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1336 6 All set for Jane Eyre TUESDAY alght Is gMd, solid, tomttoHlw i>-ttteraiy-da«tes Bight tad taaight we have the flr*t «f ft live part tomittwtt— at Jue Eyre, girl la mM-lfth ceatary Yea shaaM dad yew M mtaratee to treat el the little hex frem ll.Mpm te 11.54pm ea Chaaael 5
      1,336 words
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  • Article, Illustration
    Unctad V: Nothing but a multi-million dollar flop
    2398 7  -  If the Group of 77 had prepared its case better and chosen capable negotiators, it might have achieved much more. The rich nations, on the other hand, started the conference with an uncompromising attitude, reports JOHN TAN, in this summary of the
    2,398 words
  • Article
    STRAWS IN THE WIND
    486 7 A YOUNG civil servant, totally bored with trying to find a brighter way to phrase one of the many routine monthly reports he had to write, found welcome relief in day-dream-ing about his forthcoming holiday in Thailand. While he looked hard at work with his files
    486 words
  • Article
    Advertising still pays during a recession
    1036 7 FORUM, f ...with Lee Yoke Meng e THE GLOOMSAYERS are once again putting a strong bet on an impending economic recession. And it is >- an unfortunate truism that the American economy is not performing as well as P everyone hopes it should. But
    1,036 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      245 7 Advertisement Does Poor English Let YOU Down? A GOOD COMMAND OF ENGLISH can ensure success in your present job—improve your chances of promotion and increase your earning power. You can acquire it quickly and easily. When you can talk itself both written and fluently and effectively— spoken, write clearly and
      245 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS
    • Article
      Perkin-Elmer enjoys sales, profit jump
      244 8 THE Perkin-Elmer Corporation achieved a 26 per cent gain in sales and a 40 per cent jump in net income for the third quarter of its 1979 fiscal year. Net income in the quarter was equivalent to 7 per cent of sales. Sales for the
      244 words
    • Article
      Lock icon KAISER SELLS STAKE TO CRA
      133 8 AP KAISEB Steel Cerp ku •greed to sell its entire ZLi per cent interest In Hmmersley fl*Minp Ltd te Censlne Rle-Tlnte (CRA) far 18$2TJ millton. The sale to tentative aad snhject to farmal eaatraet approval frem directors af bath firms aad the Autraltaa government. Under
      AP  -  133 words
    • Article
      Lock icon A Wall Street precedent?
      768 8 NATIONAL AVIATION FUND NYT WHEN Wall Streeters urged Ted Walkowicz to open National Aviation and Technology Corp Fund to new investment, he said National Aviation had been in business for 50 years and that shareholders had been happy with its performance as a fixed-capital or "closed-end"
      NYT  -  768 words
    • Article
      Lock icon VW considers setting up second plant in America
      609 8 NYT VOLKSWAGEN is considering opening a second car plant in the United States to supplement the production from its year-old assembly plant in New Stanton, Pennsylvania. A decision is expected by the end of the year. Toni Schmucker, chairman of the company,
      NYT  -  609 words
    • Article
      Lock icon KAWASAKI EXPECTS FURTHER LOSSES
      209 8 Reuter KAWASAKI Heavy Industries Ltd expects a net loss of seven billion yen for the year ending next March 31, after a 5.89 billion loss last business year. Sales are expected to fall to 480 billion yen from 501.45 billion, reflecting a slump in the shipbuilding
      Reuter  -  209 words
    • Article
      Lock icon Rio Tinto reaps higher earnings
      154 8 Reuter RIO Tin to-Zinc Corp Ltd's first quarter earnings were ahead of the same period last year, largely due to higher copper and other metal prices. Chairman Mark Turner said results for 1979 as a whole will also be higher than last year, when pre-tax
      Reuter  -  154 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      541 8 Where to wine, dine and entertain m }"< x »<; speaks <)t the Barons Table. 7 h*-Baron's IVihU' Holiday. Inn An eatinq < asmn 3 sM a J m FORJABVNESE P. li k II I COME TO m KIKU s'jjfej Japanese *f>.< Restaurant^* Serving »<% authentic Japanese food Teppon Yohki
      541 words
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  • BANKING AND FINANCE
    • Article, Illustration
      CAR SALES PICKING UP
      980 9 Fiscal measures alone will not be able to curb car ownership in the long run. THE CHANGING attitudes of the younger people in favour of small family units, the growing desire for convenience and fast mobility coupled with a greater affluence, and a higher disposable income
      980 words
    • Article
      Consumer credit sees increasing popularity
      960 9  -  HIRE PURCHASE MOST COMMON The growth of consumer credit in Singapore is a clear sign of the times. Singapore is now an affluent society and the average Singaporean is constantly, on the lookout for ways and means to get his hands on those luxurious items
      960 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        441 9 THE US dollar closed generally weaker against major currencies yesterday. With the exception of the yen, it saw rather quiet trading. Against the yen, the US dollar opened at 221.45 55 and was taken to a low of 219.95 05 from selling by Japanese traders. However, the US
        441 words
      • Article
        London
        327 9 THE DOLLAR yesterday opened weaker in very quiet trading due to the closure of many European markets because of the Whit Monday holiday, dealers said. They said the US currency opened weaker following news that Japan's export letters of credit rose 17.1 per cent in May to U556.65 billion
        327 words
      • Article
        Asian $ rates
        147 9 Asian rates ASIAN currency deposit interbank rates as at close on June 4: US Dollar*! Spot > Offer Bid 7 days 10*. 10'. 1 months 11 1/16 10 15/16 2 months 109/18 10 7/16 3 months i<r» 10'i 6 months 10 J 10H 9 months 109/16 107/16 12 months 10H
        147 words
      • Article
        Discount
        52 9 RANGE o( prices offered by discount houses on June 4: Overnight 4H9f Call deposits 4H% CM* Bnyiif Selliaf 3 month Treasury bills 4 11/10 4 0/10 3 month Bank bills 7'/j 7H 3 month CD 7 1/10 0 15/10 0 month CD 7 3/10 7 1/10 Source: National Discount
        52 words
      • Article
        MLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • Article
        Australia/NZ
        46 9 QUOTES on the Australia and New Zealand exchanges on June 4: AUSTRALIA: US dollar 1 1081 1 1033 Sterling 0.5354 0.5290 Ninety-day airmail buying rates Sterling 0.5555 US dollar 1.1458 Ninety-day forward buying rates: Sterling 0.5387 US dollar 1.1114 NEW ZEALAND: Closed (Queen's Birthday holiday.
        46 words
      • Article
        Euro $ rates
        34 9 Euro rates LONDON Eurodollar deposit trading was very quiet yesterday because of the Whit Monday holiday in Europe, dealers said. Fixed dates opened basically steady around Friday's closings and have shown little change since.
        34 words
      • Article
        Tokyo
        149 9 THE US dollar for overnight delivery yesterday closed sharply weaker at 220.30 yen, compared with a 221.50 opening and 221.40 at Friday's close. Trading was moderate with volume US$6B3 million. The dollar fluctuated narrowly between 220.25 and 220.75 yen in quiet late trading after an early setback from the
        149 words
      • Article
        Hongkong
        157 9 THE US dollar yesterday weakened markedly in quiet late trading here following reports that Japan's export letters of credit rose 17.1 per cent in May, dealers said. The dollar fell to 220.10/30 yen from 221.45/55 earlier and 221.00/10 in New York on Friday while it eased to 1.9140/50 marks
        157 words
      • Article
        Gold
        325 9 SINGAPORE gold futures yesterday closed sharply lower compared with Friday's closing in moderately active trading, dealers said. Quotations, which were marked down between US$2.7O to $3.10 at the opening, reflecting the metal's weakness in New York on Friday, later firmed slightly during the morning's trading. Prices however, fell back
        325 words
    • Article
      Credit market rally fades
      491 9 THE recent blistering advance of the credit markets faltered last week, simply running out of steam rather than foundering on any unanticipated development. Investors reacted to a series of weak economic statistics for the month of April which to some signalled the beginning of a recession.
      491 words
    • Article
      Lock icon HK money supply up
      277 9 Reuter HONGKONG'S narrowly defined M-l money supply rose 4.7 per cent in April to HKJ23.36 billion against a 0.9 per cent March increase and stood 25.7 per cent above the April 1978 level. Ranking Commission figures show that the more broadly defined M-2 aggregate rose 2.5
      Reuter  -  277 words
    • Article
      Lock icon JAPAN'S BOND ISSUES
      134 9 Reuter THE JAPANESE Finance Ministry said it has reduced the June issue of two-year government bonds to 80.5 billion yen from the originally planned 100 billion, following an open auction. The bonds, with payment to be completed by June 11, carry a 6.7 per cent coupon and
      Reuter  -  134 words
    • Article
      Lock icon Midland Bank to buy ASL
      265 9 AFP MIDLAND Bank Limited, one of the five big British banks, is buying the failed financier Associated Securities Limited (ASL). The Australian government is believed to have given the green light to the proposal. The deal means that holders of Asl92 million (about Sssoo million)
      AFP  -  265 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      238 9 THE FIRST INTERNATIONAL RUBBER AND PLASTICS EXHIBITION FOR ASIA WORLD TRADE CENTRE. SINGAPORE 26-30 MAY 1980 A uU Every year, thousands of new rubber and plastic products enter the market Whether for use in industry or the home, every product reflects some new development in engineering or marketing expertise If
      238 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1368 10 dID and offer prices officially listed and business In and reported to the Stock Exchange qJ Singapore yesterday with the number of shares traded shown la brackets in lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Btg Board deal
      1,368 words
    • Article
      Government bonds
      159 10 4 1/2% 1/8/80 (250,000) (99 43B *****) 4 3/4% 15/8/10 (250,000) (WJ5B 9B.85S) (4) 90.05 5 3/4% 1/8/78-80 (250,000) (100.75B 100 858) 5 12% 1/5/78-81 (250,000) (1003SB 100 458) 5 1/4% 1/9/81 (250,000) (100.06B *****8) 5% 15/4/81 (250,000) (09.55B 99 658) 5% T F 1/5/83 (250,000) (100.05B *****8)
      159 words
  • Article
    Unit trusts
    160 10 SINGAPORE I'NIT TRl'ST (Nim|hi > prim tar Ju i) The Commerce 2.14 2.27xd The Saving Fund 1-38 1.46 S pore Prog Fund 1.00 1.0S S pore Sec Fund 1.84 1.96' S pore Invest Fund 1.33 1.41 S pore Equity Fund 0.97 1.03 INCOME BOND UNIT (Carreat prim) Income
    160 words
  • Article
    SHARE INFORMATION SERVICE
    2545 10 Gr's Gr's Net 1979 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- Cvr COOO) High Low SECTION ONE INDUSTRIAL A COMMERCIAL 261 207 Ac ma 255cd -1 15.0 2.9 5.8 13.0 5 255 254 190* 123* Alcorn 182 10.0 15 5.4 243 142
    2,545 words
  • Article
    In Kuala Lumpur
    1713 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number at shares traded shown in brackets in lots at 1.000 units unless otherwise specified. INDUSTRIALS Acm (2.158) xd AjtaaoaU (2.828) Atoaai (1.82B) (5) 1.83 xd A
    1,713 words
  • Article
    COMPANY MEETINGS
    176 10 PACIFIC Develapmeat Credit BM: AGM to be held at the Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur tomorrow at 10.30am. Hotel Negara LM: AGM to be held at 15, Claymore Drive, Singapore at 12 noon on June 7. Harper GUflllaa BM: AGM to be held at
    176 words
  • Article, Illustration
    Sentiment on exchange slightly better
    705 10 SENTIMENT lifted ft Utile la generally light tradlag m the Stock Exchange of Stagapere yesterday despite the lack sf ceacerted buying nppHi Bargata-haattag, en» tradlag and arbitrage dealings aeeaaated far the balk of the day's tradlag vslame. With very few exceptisas, the heavy weights were
    705 words
  • Article
    Renewed buying interest lifts KL prices
    560 10 RENEWED buying interest on the Kuala Lumpur stock market yesterday lifted prices across a fairly broad front. This was seen perhaps as a reaction after last week's trading when prices were steadily depressed. Opening levels were already higher following the better outlook signalled by
    560 words
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  • COMPANY NEWS
    • Article, Illustration
      Fair advances across wide front in May
      964 11  -  By CHAN BONG SOO SENTIMENT was steady to firm during the month of May, with fair gains posted across a wide front. Although the market continued to show underlying strength until last week, there was some evidence investors and speculators were turning cautious.
      964 words
    • Article
      Lock icon Don't whip wrong horse
      462 11 ssjoecL^ by HOCK LOCK SIEW THE heat generated ever the Haw Par takeover bid far Setrea is shewing ne signs ef abating. Latest ts Jsia the fray, if we may call it that, is a granp atf aharehsMers wha have writtea a letter sf appeal ta
      by HOCK LOCK SIEW  -  462 words
    • Article
      COMPANY BRIEFS
      66 11 SHARKAT Harper GUfilUa BM said it sold its 25 per cent holding in Lemon Tea Sdn Bhd to Boh Plantations Sdn Bhd for a cash consideration of M$112,500. The sale resulted in a profit of 120,070 for the company, it said. The effect of the sale on the
      66 words
    • Article
      Tong Meng looking up
      451 11  -  By CATHERINE ONG TONG Meng Industries is showing signs of a slow but steady recovery from setbacks in the last four years. For the year ended Dec 31, 1978, the group turned in a pre-tax profit of $396,634, a good showing against the loss of $21,172
      451 words
    • LATEST RESULTS
      • Article
        CENTRAL Properties Ltd
        22 11 First and final 1978 dividend 7.5 per cent gross (same), payable July 20 to shareholders registered on July 6.
        22 words
      • Article
        TOWN and City Properties Ltd
        26 11 First and final 1978 dividend 6 per cent gross (5 per cent), payable July 20 to shareholders registered ori July 6.
        26 words
      • Article
        SIN Heng Chan (M) Bhd:
        48 11 Audited after-tax 1978 profit M 53.13 million ($2.63 million). Turnover $54.68 million ($51.20 million). First and final dividend 12.5 per cent gross (10 pr-r cent) on capital increase id by one-for-four bonus isst le, payable July 14 to shareholders registered on J'one 26.
        48 words
      • Article
        HONGKONG Tin Ltd
        38 11 A fter- tax profit M 51.47 million (loss $97,444), for six m< jnths ended March 31. Turnover $13.17 million ($1.84 million). It earlier declared an interim dividend of 4Ti pence gross (nil), payable July 10
        38 words
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      Page 11 Advertisements Column 1
      3 11 Dividend table Page*
      3 words
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      Page 11 Advertisements Column 2
      1607 11 Extracts from the 1978 Statement to Shareholders by Mr D. K. Newbigging, Chairman The Hongkong Land J Company Ltd aV The Hongkong Land Group once again reports record profits and dividends with sustained growth throughout 1978. The consolidated net profit after taxation for the year ended 31st December 1978 was
      1,607 words
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  • Article
    Hussein pledge to make comex succeed
    670 12 T HE Malaysian Government will ensure an efficient communication network and other infrastructures to make the Multic ornmodity Exchange (cxjmex), now being set up in Malaysia, attractive to international traders. Malaysian Prime Minister Datuk Hussein Onn gave' the assurance when he spoke at the
    670 words
  • Article, Illustration
    Lock icon THE LAST OUTPOST
    40 12 Turanian soldiers and troops of Uganda's provisional Government standing by the Uganda-Sudan-Zaire border on Saturday after capturing the village of Kiboko, the last outpwt of forces loyal to ousted Ugandan President Idi Amin. AP photo. AP photo
    AP photo  -  40 words
  • Article
    Lock icon China warns Malaysia, Thailand of Viet invasion
    362 12 Agencies CHINA has warned Thailand and Malaysia to expect an invasion from Vietnam in the near future. The warning came from Chinese Vice Premier Chen Muhua during a meeting in Beijing with Thai police Director-General Montchai Phankongchuen, the Bangkok Post newspaper reported yesterday.
    Agencies  -  362 words
  • Article, Illustration
    Lock icon BLOODY HOMECOMING
    50 12 A father taking home his son, badly wounded in a clash on Sunday with Government troops who are fighting Iranian Arabs seeking sell-rale in the major Iranian port of Khorramshahr on the Persian Golf. More than 1M people have been killed in the week-long battle there. UPI photo
    UPI photo  -  50 words
  • Article
    Lock icon Carter may get his windfall tax after all
    852 12 NYT ALTHOUGH anything can happen and usually does in tax legislation, it looks as if President Carter will finally get his "windfall" profit tax on oil companies through Congress. The current sentiment is to toughen it when the House Ways and Means
    NYT  -  852 words
  • Article
    Idea of expert firms led by consultant
    292 12 A CONSORTIUM of firms with a planning consultant acting as the overall coordinator could provide better professional service in land planning and development projects, a local planner said. Mr Tan Soo Hai, a Fellow of the Institute of Planners, said at the First
    292 words
  • Article
    LONDON STOCKS
    824 12 LONDON, Mem closed easier but above day's lows in quiet trading ahead of the UK Budget next week, dealers said, and at 3 p.m. the Financial Times index was down 6.6 at 506.9. Most leading industrials fell between lp and 3p. although ICI and Glut rose a penny
    824 words
  • Article
    Dearer essentials raise Seoul's CPI
    174 12 SOUTH Korea's consumer price index rose 3.4 per cent in May pushing the five-month total to 12.3 per cent, the Economic Planning Board said yesterday. The nation's wholesale price index also went up 3.1 per cent during the month to raise the January-May total to
    174 words
  • Article
    Lock icon Saudi oil price rise?
    223 12 Reuter SAUDI Arabia might increase its oil production and prices, the Middle East Economic Survey (Mees) quoted an authoritative Saudi source as saying. "There is a possibility of an incrfese in both production and prices," but no decision had yet been taken, the source told the
    Reuter  -  223 words
  • Article
    Lock icon China seeks changes to suspended deals
    289 12 Reuter CHINA is seeking a major change in the contents and terms of suspended plant deals with Japanese interests, industry sources said yesterday. The China National Technical Import Corporation, in renewing negotiations with Japanese firms over 22 suspended plant import deals worth 580 billion
    Reuter  -  289 words
  • Article
    Low profile approach to oil producers
    72 12 THE Western industrial nations need to find a low key approach to the establishment of contacts with oil exporting countries to discuss energy problems, West German Economics Minister Count Otto Lambsdorff said. But for the time being there is no practical way of starting
    72 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      403 12 ;>]=@`+@<'!~],|||{]}?"?=*&-,*-] Leader... Page C NOTICE Notice is hereby given that Plere Crwuet of Synplast S.A., of 4? Boulevard, St. Joseph 11, Luxembourg has revoked the Syncrete licence given to Karl Schnller ami Associates of 11*1 Peace Mansion, 1 Sophia Road, Singapore 9 regarding use of the processes, improvements and the
      403 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      62 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Isolated showers in early morning. Report for 24 hours prior to 7M p.m. on Jane 4 at the airport Maximum temperature 31.0 Associated humidity 73 Minimum temperature 24.3 Associated humidity 97 Hours of sunshine 6.05 Rainfall in millimetres.. Trace Total
      62 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Asean shippers meet
        106 13 THE FEDERATION of Asean Shippers' Councils is scheduled to hold a meeting in Singapore this month. It will be attended by representatives of shippers' councils from all the Asean countries. The Singapore National Shippers' Council, which will be hosting the meeting is not able to confirm the
        106 words
      • Article
        Lock icon Seatrain to sell ships
        92 13 Reuter SEATRAIN Lines Inc will sell four of its Euroclass container vessels to a German company managed by C.F.Akrenkiel GMBH for about US$56 million (Ssl23million). The company said it will receive the money over the next 14 months and $32.6 million will be applied to retiring
        Reuter  -  92 words
      • Article
        A communication satellite
        85 13 THE International Maritime Satellite Organisation (Inmarsat) is expected to come into force on July 16 following the signing of the Operating Agreement by Teleglobe of Canada. It has also received the full support of the United States, which early this year agreed to take additional shares in
        85 words
    • Article
      Brunei yard recruiting S'poreans
      472 13  -  By RAHIM KASSIM PAN-ELECTRIC'S joint-ven-ture shiprepair yard in Brunei has not been able to get enough workers with the necessary training to work at its yard. The yard, Kuala Belait Shipyard, started operations nine months ago and has worked on about 50 vessels of 1,000 dwt
      472 words
    • Article
      Lock icon SLIGHT FALL IN LAID UP TONNAGE
      160 13 Reuter THE velime sf werld merchant tallage laid ■p tar lack sf emptaymeet at the eid if April fell slightly to Mil vessels sf TJJ9 mllltai dwt from 571 vessels sf 27.41 mllltai dwt at the eid sf Marek, the geieral esueil sf British
      Reuter  -  160 words
    • Article
      Lock icon Sharp decline in export inquiries
      794 13 Lloyds List EFFORTS by Japanese shipbuilders to charge "realistic prices" have resulted in a drastic decline in export inquiries. Export inquiries increased during the first three months of the year, but last month, only 185 were received by the leading shipbuilders in Japan. The three
      Lloyds List  -  794 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      3003 17 SHIPPING LIST where your ships are due and when SCHEDUIE 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
      3,003 words
    • Article
      INDEX
      464 17 SktpptagUM Cat ACS n 5 Afea IV 3 Alpac IV 5 Angkutan V 2 ANL i 1 APL m 2 Arya Nat n 5 ASCL m 5 AustCont IV 5 Bank n 5 BBS n 2 Ben Asia m 3 Ben/EAC m 2 Ben m 3 Ben Ocean m
      464 words
    • Article
      Container Schedules
      1054 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 during the
      1,054 words
    • Article, Illustration
      Port of London sinks deeper into the red
      783 18 THE PORT of London Authority (PLA) slipped deeper into the red last year with the group loss rising from 8 million in 1977 to 12.7 million at the end of 1978. The 1978 loss is after allowing for government grants of 4.9
      783 words
    • Article
      Lock icon Danger of speculative buying
      419 18 UPI THE RECENT Bpart In spot freight rates dees net mean an end U the world-wide shipping slump and •wners should refrain from launching a wave of speculative ship baying, Chase Manahattan's senior shipping economist warned last week. Chase's Lsndon-hnsed Mr Peter Donglns told a meeting
      UPI  -  419 words
    • Article
      Lock icon Battered freighter for an unknown mission
      618 18 NYT IT SLOUGHED into port in New York a month ago, a battered, dark-hulled mystery freighter with a ragtag crew, an unknown cargo and an unknown mission. No one knows where it came from or where it was bound. It was to be only
      NYT  -  618 words
    • Article
      JOHANSSON GROUP TO EXPAND RO/RO FLEET
      342 18 THE Swedish-based Johansson Group will be adding eight ro-ro ships to its fleet over the next two years. Four of the ships have been ordered at a cost of KrBoo million (SJ32O million). They will be built in Swedish yards to qualify Johansson for
      342 words
    • Article
      Asian operators may face keen rivalry
      154 18 ASIAN container operators expect intensified competition as a result of expanding capacity and a possible slowdown in imports by major Western markets, according to Mr C.Y. Tung, chairman of Orient Overseas Container (Holdings) Ltd. This competition could hit, particularly hard, on routes between South-east
      154 words
    • Article, Illustration
      SHIPS IN PORT
      492 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Benjamas (after Bergen Maru) 31/32 Bergen Maru (0530 halus after Turkemeniya) 31/32 Golden Eagle (0600) 25 Golden Source (0600 22 Golden Sea (0600 27/28 Hua Ping (after Green Arrow) 40/41 Kota Maha (after Kota Cantik) 10/11 Kawana (Ro/Ro) (1030 after Kuznica) 44
      492 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      450 13 AFEA LINE REGULAR SEMI CONTAINER EXPRESS SERVICE DIRECT TO LAGOS-APAPA See Page IV Column 3 for Sailings A nfs SINGAPORE SHIPPING AGENCIES PTE LTD MARKETING 9111?? GENERAL *****1 A M s.i E URO ASIA LINE SON BHD K I ***** P KLANG *****1 /3 PENENG *****/2 ijj> lARDINF A\ I
      450 words
    • Advertisement
      Page 13 Advertisements Column 2
      243 13 §911 SSI SEALORD ANTAH m UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity. Long Length Capability ■ARABIAN GULF WEEKLY SERVICE! Vessel S pore Loading for Doha (28/6). Bahrain (1/7) Dammam (3/7) Kuwa<t (5/7) Kuwait (4 7). Dammam (9/7). Doha (14/7) Bahrain
      243 words
    • Advertisement
      Page 13 Advertisements Column 3
      421 13 NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE Same P Mun F slow M»«« R tem N CORAL I JlB 10 tan 30 tor 76 ton 27 to* C PAUL lb too IS ton 6 tuty ?My 3 tot* N PIASI 22 ton 24 to* 13 to*
      421 words
    • Advertisement
      Page 13 Advertisements Column 4
      582 13 u Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. MAERSK LINE West Gu« 1 Atlantic Cast Canada and Meuco (Abo accepting tor Hongkong Taiwan lapan and Korea) Mother VfssH Ezeaai^ai^wEga"- 1 ARNOLD MAERSX FOR East Asia 'Hongkong Mania Keelung Kaohswngi lapan i Tokyo Kobe Yokohama
      582 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      775 14 FULLY CONTAINERISED TO EUROPE I S pat P Ketanj I Kamakura Mara Tokyo Bay Cif Afar Bay Tita Cipro Eft* Mara Osaka Bay Lwerpod Bay i Mara I 8/6 y 13/6 14/6 Bay 23/6 24/6 mi 28/6 30/6 i 4/7 1 8/7 Bay 11/7 13/7 18/7 20/7 Eipress 25/7 27/7
      775 words
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      Page 14 Advertisements Column 2
      360 14 5£ JS. borber blue From: US ATLANTIC US GULF I EAST CANADA SINGAPORE Ml M 20 Auf 1 m Port KHm| U 6 Mil PtAjng *4 -I Jakarta Mil N Labuan Mil *"1 Next Arrival: "N.J. PATERAS" Jun« 19/20 at BARBER LINES TERMINAL GODOWN 47. "nOMOPYLAE" Jim 21; "BARBER PRIAM"
      360 words
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      552 14 EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTING CARGO FOR HAMBURG. FELKSTOWK. ROTTEROAM. ANTWERP. LE HAVRE ALSO ACCEPTMG CARGO FOR UNITED KINGDOM SOUTHAMPTON LONDON MANCHESTER BIRMINGHAM BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BKMfIMvfN HOLLAND AMSTERDAM S port Hanfturi Fetastnre Hotter djrr Antwcrp I* Hint 15 km (M IM 11
      552 words
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      Page 14 Advertisements Column 4
      944 14 Everett Lines/ Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' IOAMNG FOR RANGOON B F SS C Agents m Maloywo TEPS MALAYSIA Port Kelang Tel<3B>-7355 Peooog Tel *****/***** m i Compania Argentina De Navegacton Intercontinental S. A. C.I. F. 7 "ARGENTINE NATIONAL LINE" LOAOMG FOR DURBAN. CAPETOWN. BUENOS ARES Saifapore
      944 words
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      Page 14 Advertisements Column 5
      695 14 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 SANKYO LINE AUSTRALIA SERVICE KYOSEI MARU THREE STAB.... Loatfcng far: SYO MEL. AOEL BR IS MARU MARU M ASPtRATWN BESSANG PASS BANGLADESH SERVICE 12/15 Jim CHTTAGONG CHAIN*
      695 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      743 15 Overseas B B B Containers Limited Weekly service taffrom UK/Europe To UK/Continent R'dam Stan A'werp Le Havre U K Hongkong Eapress M 6 M 26 M, (2W 22 M| Kamakura Mm tkm 29 Am 1 M 2 M 4Ai Tokyo Bay Cardgjn Bay loka Eipress □be Mara Oiakj Bay Liverpool
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      Page 15 Advertisements Column 2
      1079 15 GRANARD LINE RELIABLE I DEPENDABLE HON CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDITERRANEAN Spore PKetanf Penang M V MAM HMG V?7W If Jun 19 Jin M V MAN FUNG V 2WH 14 U M V KNONG FUNG V7M.. 30 M ALL VESSELS KCCEPTMG CONTUCR CWGO iMdrif tar: Jrtiati/P Sad/Afciandna Beirut I
      1,079 words
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      Page 15 Advertisements Column 3
      626 15 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE Tata Eipresi SAd SjM SjM CJbc Mini SM SjM SjM Inerpod Bjy SjM SjM SjM Thanes Mjra SjM SjM </< Benjlder 9/C 10/t 12/8 ton FURORE H BtffG BHAVEN R OAM HAVRE SOTON W Germany Austria Benelui France AN UK PKelang S
      626 words
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      Page 15 Advertisements Column 4
      717 15 Scan Dutch 9 WEEKLY EXPRESS CONTAINER |Vi i >hj:i »> >iiIJ fi::i »i i: 22/4 24/1 21/4 1/7 17/7 a/7 24/7 21/7 DBaceMa (mi 2) tmMm. Mm*. It Dm, Mm (oh l*m 3)»«— mm i) MM. SMM M, M tt*Mf wu* acceptog cjrffl Iw 4momK. P I<m| EASTBOUND FROM MED/UK/NC/SCANDINAVIA
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      Page 15 Advertisements Column 5
      555 15 BOUSTEAD AGENCIES THE BANK LINE LTD. LOADS FOR E. S. AFRICA BEECMANR (fteuiMon Maiunga Durban Clown. PE. Eldn) S pore In Port/7 tun P Relang— FROM EAST t SOUTH AFRICA A VCSSL Penang P Kelartg fOR BANGKOK MANILA Spore Ady U.S. GULF COAST SERVICE (New Orleans, Mobile, Houston, Galveston) Smfapore
      555 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      955 16 EUROPE EXPRESS SERVICE TO EUROPE P Kelang I Ha«e R dam 2 July 3My 9My 10 July IS My 16 My ?0 My 21 My (acceptng cargoes to Scmlmiu «u Hamburg) FROM EUROPE TO FAR EAST Vessels cal Hburg Bremen R dam A »erp and Le Havre) AGENTS SPORE NEPTUNE
      955 words
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      Page 16 Advertisements Column 2
      792 16 U.S.A./EAST CANADA SERVICE Penai* Belavan P Mint Singapore E.C./GREAT LAKES SERVICE LOMMNE FOR: NEK TOM. NORFOLK. MOMTREAL. TORONTO Penang Bela»an P IWang Singapore (JIT 21/30 km 27/21 Ma 24/21 km 21/21 My 11/11 Mr IVI7 My CALIFORNIA/PACIFIC NORTH WEST SERVICE "VBHUA TIT "A «€SSQ SO MAMPUR SO NAGALANO OUTNMO "WSH»A
      792 words
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      Page 16 Advertisements Column 3
      440 16 S S Atiroiip SINGAPORE SHIPPING AGENCIES PTE LTD 20 T M FIOOR OCEAN BUILDING SINGAPORE 1 MARKETING,9"I22 (3 LINESI GENERAL 91 Jlll {14 LINE Si TELEX RS 2459S RS ***** A B C ARSMIP •CA BL E CARGOSHIP il SINGAPORE ISLANDS LINE MIDDI.t h AST RtA.LLAR USER A SAFE WAV
      440 words
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      Page 16 Advertisements Column 4
      898 16 RflMMKcl S „MALAYSIA* INTfPNATIONAL SHIPPING CORPORATION BCRHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WEST BOUND »ho Accepting fo> 1) Barcelona Genu 7) Amsterdam Antwerp I Harre Bilbao Bail* UK. 3) Bremen Bremenkanen Aarhus Copenhagen Helsinki 4) hUmo Stockholm Oslo •Accepting Europe cargo tor teeder ria S pore EAST BOUND Also
      898 words
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      Page 16 Advertisements Column 5
      737 16 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone **********4057 3 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S'pore P. Kelang Penang Loadmg for: ALEXANDRA N WB3S 7 Jun 9Ar Avon (UK)/ MORA N W839 7to 9 tun Avon (UK)/A'werp/ Tilbury Boulogne ELBE RB4O (Contr Slip) 25 kai
      737 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      156 17 CELTIC BULK CARRIERS 1 in.) fr Shii'ptfK) 1 t. 1 Regular Bulk Service For Timber Plywood Spert r. Kdanf Loadnc far: now N *0Y 2 14/6 l»/s HAKTES.TIJWY. I TOOL Ha./MHWHtf CELTIC FE *0Y 3 1/7 10/7 MONTOK. HOLLAND. Tl. LTOOt. ANT Ha. Tl. I TOOL, ANT. CELTIC FE HOT
      156 words
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      Page 17 Advertisements Column 2
      205 17 P.T. PERUSAHAAN PELAYARAN ANGKUTAN PERTAMBANGAN THE ONLY SMGAPORE/MDONESIA CONTAMR FEEDER SERVICE AUTHORISED BY NMNESIA GOVERNMENT WITH FULL CONTANCR VESSELS EACH CARRY MG 112 TEU VESSEL SINGAPORE LOADMG FOR TAMBANG W SID *T TAKARI I M PORT JKT ALSO ACCEPTING CARGO FOR INDONESIA GOVERNMENT PROJECT ANO HEAVY MACHINERIES TAKARI IV 0/8
      205 words
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      Page 17 Advertisements Column 3
      133 17 CEYLON SHIPPING CORPORATION LOAHNG FOR COLOMBO LAMA SAGAJUKA •OHM AGATE National Line ol Sri Lanka SKGAPOftt PT KLAWG/PENAWG COLOMBO 15/HI/S 24/$ H/t-n/t 3/7 MSCHAKMG FROM COLOMBO NEPTUNE lASPER ACENTS S PORE NEPTUNE ACENGES |PTE) ITO *****11 PT (LAM HARPER HUM SON IMO 4*4157 PENANC HARPER WMA SON IHO Mi 22
      133 words
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      Page 17 Advertisements Column 4
      157 17 lIAN SOCN SHIPPING TRADING CO (PTE) LTD I ,101 n«ti FlOO« CM •UaDINC.HOBIRSOM »0«0 Si*G«»o«f 1 Ifl ******1 MN(s> CABU ClAimiMO n* rro mmcsw soma BV. IELBBT OA TANS 1471 114-71 lAKABTA H* OOdlY MAMS BNM 14-71 NVW UJUM MR CAST MALAYSIA sana. r nv dm hmm" m ran *4-71
      157 words
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