The Business Times, 13 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. US/1/19 WEDNESDAY, JUNE 13,1979 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Thai appeal
      59 1 Reuter BANGKOK, Tues. The Thai government today sent a special message to former Kampuchean Prime Minister Pol Pot asking for a halt in the flow of refugees from Kampuchea into Thailand, Thai Prime Minister Kriangsak Chomanan said. General Kriangsak said the message explained that Thailand was no longer
      Reuter  -  59 words
    • Article
      Airlines may sue
      70 1 MAJOR Asian airlines have strongly criticised the American Federal Aviation Administration's mandatory grounding of all DC-10 jetliners, saying they may file suit to recover millions of dollars in revenue lost through the action, according to United Press International. One of the major arguments against the action by
      70 words
    • Article
      Lock icon EEC call
      70 1 AFP LUXEMBOURG, Tues. The EEC Commission today asked member governments of the European Economic Community to maintain a solid common front over the growing EEC trade deficit with Japan. This was reported by community sources as foreign ministers of the Nine began a council session here. According to
      AFP  -  70 words
    • Article
      Lock icon Gunman at airport
      71 1 Reuter TAIPEH, Tues. A young man was critically wounded in a gun battle with police while attempting to board a departing airliners at the Chiang Kai-shek airport today. Wielding an army M-16 rifle at the counter of Singapore Airlines, he grabbed a man as a hostage and
      Reuter  -  71 words
    • Article
      Lock icon US-Sino pact
      81 1 UPI BEIJING (Peking), Tues. The United States and China today signed an agreement under which Beijing will use American know-how to build the world's fourth largest particle accelerator, placing it on the "frontier of science." The agreement clears the way for the Chinese to build the underground plant
      UPI  -  81 words
    • Article
      Lock icon Uranium find
      63 1 UPI KUALA LUMPUR, Tues. Traces of uranium deposits have been found in Malaysia and a state government has issued permits to prospectors, a local newspaper said today. The afternoon Malay Mail said Pahang state government has issued permits to prospectors to carry out the second stage of uranium
      UPI  -  63 words
    • Article
      Lock icon Dow Jones
      59 1 UPI NEW YORK, Tues. Stocks headed higher today amid indications interest rates were headed lower. Trading was active. The Dow Jones industrial average, which gained 2.43 points yesterday, was ahead 5.03 points to 842.60 around 11 a.m. (1500 GMT). Advances led declines, 903 to 221, among the 1,357
      UPI  -  59 words
  • Chief Price Changes
    • Article
      SINGAPORE
      129 1 Rises Indices Sthn Malavan 1500 „+ic Jun 11 Jun 12 FAN 630 10 B.T.Index: 2366.25 2333.88 Berjaya Kawat 252 7 Industrials: 401.92 398.51 Dah Yung 144 7 Finance: 697.53 694.02 Berjuntai N S T Sin Hfnf Chan 835 515 190 5 5 3 Hotels: Properties: 296.90 295.36 249.49 248.07
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    • Article, Illustration
      KUALA LUMPUR
      139 1 Falls Indices Kempas 545 -15 Jun 11 Jun 12 OCBC 706 -15 B.T.Index: 3523.81 3498.70 Esso Ord 430 -14 Industrials: 433.87 430.80 DBS 510 -10 Finance: 625.96 620.81 M Flour 308 -08 Hotels: 257.83 257.83 Gen ting 368 -08 Properties: 253.95 241.87 Shell 294 -06 Tins: 208.86 208.48
      139 words
  • Article
    Japanese ready for 4th plant
    689 1  -  PETROCHEM PROJECT SET TO GO By RONNIE LIM, News Editor A CONSORTIUM of Japanese petrochemical companies, including giants like Mitsui and Mitsubishi, are ready to invest in an ethylene oxide and ethylene glycol (EOEG) plant in Singapore. It will be the fourth downstream plant under
    689 words
  • Article
    Lock icon Refugees used in political blackmail
    255 1 Reuter. MR LEE Kuan Yew yesterday described the exodus of refugees from Vietnam and Kampuchea as "a pitiless, cruel, barbaric method of political blackmail." He told a press conference in Bonn that the outflow of refugees is a political weapon, designed to put pressure on
    Reuter.  -  255 words
  • Article
    URA awards not based on price alone
    577 1  -  By TEO TECK WENG DEVELOPERS who have been conditionally successful in the seventh Urban Redevelopment Authority (URA) sale may not have submitted the highest tender prices, sources disclosed yesterday. They noted that while comparatively high tender prices were submitted by most of the
    577 words
  • Article
    OFFICE SHIFTS
    145 1 THE Urgent Processing Unit of the Imports and Exports Office at Pullerton Building will be closed with effect from June 18. Traders who have urgent declarations for sea consignments should submit these declarations to its new office at the second floor of the World Trade Centre at Telok
    145 words
  • Article
    Contium Engineers finds work in Sri Lanka
    246 1 CONTIUM Eagtaeera has keca appelated to carry eat electrical eagiaeeriag werks ef the $82 miiltoa Prima Ceylaa mill prejeet la Sri Laaka. The leeal eampaay b believed to be the first toeal electrical eaglaeerlag Bra to be awarded a werk cm tract there.
    246 words
  • Article
    JEL eyeing big Iraqi Government contract
    345 1  -  By LEE YOKE MENG A SINGAPORE engineering firm is among the major contenders for an important construction project in Iraq. If successful, it will be Jurong Engineering Ltd's (JEL) latest venture in the West Asian region. Studies and negotiations for the project, involving the
    345 words
  • Article
    Professional idea
    87 1 THE Singapore Institute of Surveyors says it does not welcome the idea of attracting more overseas professionals to promote Singapore as a professional centre. Speaking at the institute's annual dinner last night, its president, Mr. Goh Mia Hoon, said this could well change the professional environment and retard
    87 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      31 1 whatever you need in menswear,get it at... MOHAN'S DEPT. STORE (PTE.) LTD. 321, Orchard Road "W *****22 (next to Mandarin Hotel) Branch 101, TangNn Shopping Centra "M *****40 Daily 9am-9 pm
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    • Advertisement
      Page 1 Advertisements Column 2
      56 1 SEE BACK PAGE FRATA NEWS AS AGENTS FOR SUTTONS INTERNATIONAL LTD OF LONDON WE PROVIDE 1.5.0. TANK CONTAINERS FOR CARRIAGE OF BULK LIQUIDS FOR RATES AND FURTHER DETAILS CALL MR. R.D. FRASER MR. TAN KAY HOCK MRS. JUDY TEO FRATA SHIPPING PT€. LTD. Suite 801,8 th Floor, World Trade Centre,
      56 words
    • Advertisement
      Page 1 Advertisements Column 3
      52 1 SHIPPING TIMES NO takers for Malaysian tank- SINGAPORE stock market not overboogkt H hrlkery 5 UOB optimistic U WORLD Ml nuuriag oat of 0i1... f SHIFT over to Malaysia, iaveoSTOCK market report i« ton arged It MEMOPAD l, FLIGHTS L TV AND RADIO CROSSWORD I, STRAWS 1, WHERE TO WINE
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    • Advertisement
      Page 1 Advertisements Column 4
      195 1 SINGAPORE BUSINESS The Business Mago/me Push the button and run. With the Copio 1600 there's no worm-up time: switch on and copy. Clean, crisp copies with all the varying degrees of block and white of the original faithfully reproduced. With a 13-key keyboard to program the number of copies you
      195 words
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  • TRADE AND INDUSTRY
    • Article
      Cold-forging contracts get warm response
      399 2  -  By HSUNG BEE HWA A LARGE Australian-based manufacturer of automotive parts has decided to accept sub-contracts for the production of components by coldforging. Repco Manufacturing Pte Ltd, the largest manufacturing venture of Repco Ltd has just started production although construction work on the $16 million
      399 words
    • Article, Illustration
      Arcom to set up distribution centre
      175 2 AN AUSTRALIAN manufacturer of refrigeration equipment and components is setting up an Asean distribution centre based in Singapore. Arcom Distributors of Australia is breaking out of its domestic market for the first time and has appointed a local company, Chimico Pte Ltd, to handle
      175 words
    • Article, Illustration
      A SHINING WAY TO SAVE
      136 2 ENERGY conservation has finally reached Shangri-La's roof-top. The hotel recently installed a solar plant on its roof-top to help cut down on gas heating. It is the first hotel in Singapore to harness heat from the sun as a source of energy. The system supplies
      136 words
    • Article
      Science to be taught from Primary 3
      181 2 SCIENCE will be taught only from Primary 3 under the revised education system to be implemented next year. This was revealed by Mr Chai Chong Yii, Senior Minister of State for Education, at the opening of Science Camp TO at the Science Centre
      181 words
    • Article
      AA Centre
      30 2 THE Automobile Association's 18.5 million AA Centre will be ready by 1982, with the first phase completed by early 1981. This was stated in a circular to members.
      30 words
    • Article
      Foxboro control systems for Asia
      328 2 EIGHT process control systems worth $5 million will be exported to several Asian countries this month by Foxboro Far East Pte Ltd, the local subsidiary of the Foxboro Company of the US. This was disclosed yesterday by Foxboro's area general manager B J L Thompson
      328 words
    • Article
      First harvest soon for local prawn farm
      284 2 THE first batch of locallyhatched young freshwater prawns is expected to be sold to prawn fanners by the end of this month. The freshwater giant prawn (udang galah) hatchery was set up by Hai Tai Fish Farm last year with technical assistance from
      284 words
    • Article
      MEMO PAD
      421 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 June 12-26: Personnel Guidelines and Policies, Holiday Inn, Personnel and Organisation Development June 14-19: Corporate strategy: Formulation, implementation and
      421 words
    • Article
      T. Pagar creche to go to NTUC
      124 2 THE Tanjong Pagar creche now run by the Social Welfare Department of the Ministry of Social Affairs will be transferred to the National Trades Union Congress on June 16. The creche at Cantonment Road is the eighth Government creche to be transferred to
      124 words
    • Article, Illustration
      Drilling without drudgery
      223 2 CONTRACTORS can now drill holes on expensive and irreplaceable wall or floor tiles with greater peace of mind with an electro-pneu-matie rotary hammer developed by Hilti International. Called the TE 12, it allows contractors to drill thou- sands of holes for anchors and plugs to install services
      223 words
    • Article
      Mandarin goes metric
      212 2 MANDARIN Singapore's inhouse metrication exercise is now almost complete, the hotel's survey shows. The metrication move began two years ago in response to the Singapore Metrication Board's drive to use the decimal system in place of imperial and customary measurement units. Mandarin's effort is now clearly evident
      212 words
    • Article
      Special emblem for congress
      172 2 A SPECIAL emblem has been chosen to represent the 12th Asian Advertising Congress, which will be held here in September 1900. A design was submitted by John Hagley of Advertising Consultants and accepted by the policy making body, which is made up of the presidents and
      172 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      237 2 BANOUE INTERNATIONALE A LUXEMBOURG Further expansion of Luxembourg's oldest bank Cash and deposits wrth banks at maximum one month Term deposes moth banks Deposits with non banking financial institutions Bills and notes Loans and advances Securities Fiduciary accounts hnancial institutions Deposits Miscellaneous Fiduciary accounts StwehoWers equity and borrowed capita* Provisions
      237 words
    • Advertisement
      Page 2 Advertisements Column 2
      60 2 AUSTRALIA We have clients involved in various projects requiring funds. Investment secured by first mortgage on real estate interest subject to negotiation plus share of profits from projects. Minimum parcels of Singapore $500,000. If you wish to invest in a most progressive country, then please contact:J.P. Walker Co., Chortered Accountants,
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  • REGIONAL
    • Article
      No takers yet for Malaysian tankers
      498 3 THE Malaysian Government's global search for temporary customers for the liquefied natural gas tankers ordered by the Malaysian International Shipping Corporation (MISC) has so far drawn a blank. Deputy Prime Minister Dr Mahathir Mohammad said this on his return from an official visit to
      498 words
    • Article
      Heavy industry is expanding in Taiwan
      426 3 HEAVY industry will account for 69 per cent of Tai- wan's total manufacturing r by 1987 a level overtaking that of Japan. According to a study by Japan's Nomura Research Institute, heavy industry will account for 68.6 per cent of Japan's and 65.7 per
      426 words
    • Article
      Lock icon MANILA'S EXTERNAL DEBT HIGHER
      155 3 AFP THE Philippines' external debt totalled US$B billion (5517.6 billion) on Dec. 31, 1978, up 22 per cent from the 1977 year-end level of $6.5 billion. The Philippine central bank said yesterday fixedterm and revolving credits, as well as the revaluation of major currencies, accounted for
      AFP  -  155 words
    • Article
      Lock icon China, India head list of chemical projects
      419 3 AFP CHINA and India head a list of eight Far Eastern countries with important chemical projects, a special survey on a "major growth area" by the trade paper, Chemical Age, shows. The other countries are, in descending order, Australia, Blangadesh, New Zealand, Japan,
      AFP  -  419 words
    • Article
      Bracing for invasion of US visitors
      156 3 CHINA is bracing for an early summer invasion of American visitors, including entertainer Bob Hope, the Secretary of Health, Education and Welfare, Joseph Califano, and violin virtuoso Isaac Stern. Hope arrives next Saturday for a month-long visit to make a three-hour television special, which
      156 words
    • Article
      Lock icon Japan's inflation unlikely to ease
      604 3 Reuter. RISING oil and key commodity prices combined with the yen's depreciation drove Japan's wholesale prices sharply higher for the second straight month in May, suggesting serious inflationary pressure this month. The Bank of Japan reported in its monthly price trends the wholesale price index
      Reuter.  -  604 words
    • Article
      Lock icon Vietnam determined to expel all Chinese
      670 3 NYT VIETNAM appears determined to expel virtually all the members of its ethnic Chinese minority and is exacting hundreds of millions of dollars from them before their departure, much of it to repay Soviet aid and arms sales, according to refugees and intelligence sources
      NYT  -  670 words
    • Article
      Lock icon Foreign residents feel pressure of rising prices
      326 3 AFP CHINA'S foreign residents are writhing under pressure as zealous officials at every level strive to squeeze out of them as much foreign currency as possible for, as Vice Premier Deng Xiaoping had said, there will be no modernisation without the money to
      AFP  -  326 words
    • Article, Illustration
      Lock icon N-PHYSICISTS MEET
      286 3 SINO-American joint committee on high energy physics held Its first meeting in Beijing (Peking) on Monday. The New China News Agency said Senior Vice Premier Deng Xiaoping and Vice Premier in Charge of Science and Technology, Mr Fang Yi, met US members of the group. An agreement to
      UPI photo.  -  286 words
  • Page 3 Advertisements
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  • RAW MATERIALS
    • Article
      Lock icon Malaysian palm oil output up in March
      295 4 Reuter. CRUDE palm oil production in Peninsular Malaysia rose to 158,235 tonnes in March from 142,046 tonnes in February and 100,518 tonnes in March 1978, according to preliminary figures from the Malaysian Statistics Department. Output for the first quarter of 1979 totalled 440,448
      Reuter.  -  295 words
    • Article
      Lock icon Japan sells rice to Seoul and Bangladesh
      258 4 Reuter. JAPAN has signed contracts to export 250,000 tonnes of brown rice to South Korea and 150,000 tonnes of polished rice to Bangladesh, both on a government-to-govern-ment basis, to ease food shortages, the Japanese Food Agency said. Shipments to Korea will be made
      Reuter.  -  258 words
    • Article
      Produce exchange
      351 4 PEPPER prices held very steady in spite of the continued absence of buying interest from Europe and America. The rest of the Singapore produce market was mixed yesterday. A bigger than usual arrival of about 630 tonnes of pepper from Sarawak the day before was mainly committed to
      351 words
    • Article
      Textiles
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattaa yara: China Blue Phoenix 208 2.340; 32s 2.835 40a 3.045 (per bale of 400 lbs). Pleee China Butterfly and Globe brand unq; Dragon Head unq. Five Lambs unq; Flower and Butterfly unq;
      193 words
    • Article
      Soybean
      184 4 CHICAGO soybean futures posted closing gains of 9Mt to 16 Vj US cents a bushel on Monday, after being driven higher throughout the day by expectations of increased Soviet buying. Prices earlier in the day were up the 30-cent limit in several deferred months on heavy buying prompted by
      184 words
    • Article
      Straits tin
      52 4 THE STRAITS tla price ia Peaug yesterday remained onchaaged at a picul. Ceadltleas raled steady fellewlag the steadiaem ea the Leadon market ea Monday aad reduced tla ere tfferiags, with continued support (rem all aeareee at this level, dealers said. Taraever fell te lfl tonnes frem 237 tonnes
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    • Article
      Rice
      337 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent flrst class (Kangaroo) new crop 096, 100 per cent second clan 0 85, 100 per cent third class 0 80. S per cm new crop no ftock. B-10 per cent 0.70. THAI BROKEN: A-super 0.6.
      337 words
    • Article
      RUBBER
      362 4 OPENING prices in Singapore yesterday were marked down about 2.50 cents on lower London advices and the market then fluctuated before gaining some ground on short-covering, upcountry buying and forward demand. Some fresh buying emerged towards the morning's close aiding the steady undertone, dealers said. The morning session closed
      362 words
    • Article
      RAS PRICES
      388 4 R.A.S. price* In cent* per kilo yesterday: Nooa (per kilo) Buyers Sellers Int. 1 R S S prompt f o b. SO 321 SON Int 1 R.S.S. July 313 00 313.50 Int. 1 R SS August 300.00 300 SO 1st 2 R S S 302 00 3Q3 00N
      388 words
    • Article
      SSR and SMR
      125 4 NOON S&R and SMR pm BAG 'HIM day (Cmr Jmly tw* MU) (Fa Atfwl r»*ri Mtk) SSR 20 Mjtn 8«U*n Barer* 8*U«rs 11 ion imUmi 296 00 297 00 N 295 00 297 OON SSR SO 1 -las paUrti 292.00 294 00N ***** 294 OON MRELB SMR
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    • Article
      Closing prices
      29 4 Rubber: June 12 Singapore: July: 311.00 cents (down 3.60 cents) Malaysia: July: 313.60 cents (down 3.50 cents) Tin: $1,980 (unchanged) Official offering: 197 tonnes (down 40 tonnes)
      29 words
    • Article
      Hongkong Comex
      165 4 THE SUGAR futures market yesterday continued the recent quiet trend with no trades registered as on Monday, dealers said. Nearby July closed at 8.45/50 US cents against Monday's 8.25/30 close, September at 8.85/90 against 8.60/65 and distant May at 10.06/10.10 against 9.80/85 cents. Sugar futures closing prices Prfvton
      165 words
    • Article
      Wheat
      90 4 WHEAT futures in Chicago on Monday ended a strong session with a limit gain of 20 US cents in the December contract and gains of 15 V« to 19 cents elsewhere. Prices were boosted throughout the session by commission-house and local buying prompted by Friday's reduced USDA estimate of
      90 words
    • Article
      LONDON MARKETS
      646 4 COFFEE: Robusta futures yesterday ended a combined special and morning closing firm, but still mostly £29 to £39 per tonne down from Monday, except in untraded new July which was £45 lower. Turnover was 8,929 lots including 10 options and a substantial number of self trades. Futures opened
      646 words
    • Article
      Palm oil
      71 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated LONDON: Maa Prevtaas Malaysian SSffa bulk per tonne July QflOslr 664 sir Sumatra 5% ffa bulk June 882 '-i sir 877"»slr July 872 1 /675pd 670slr August 672'-.sir 667 w sir September 887 ".sir 865slr Nigeria
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  • ASIAN STOCKS
    • Article
      Lock icon Investors remain on the sidelines
      555 4 Tokyo Source: DBS-Daiwa AFTER a continuing sharp setback, the market, led by high-quality stocks, rebounded yesterday. Buying came mainly from mutual funds. However, turnover remained light with an estimated 150 million shares changing hands, as most investors still sat on the sideline because of the
      Source: DBS-Daiwa  -  555 words
    • Article
      Lock icon Hongkong
      367 4 Source: SHK Sec Ltd THE market showed remarkable resilience yesterday and probably would have closed higher if not (or one particular seller who is believed to have sold about HK$l5 million worth of shares yesterday. The selling was across a broad front althogh Cheng Kong did not attract too
      Source: SHK Sec Ltd  -  367 words
    • Article
      Sydney
      302 4 STOCK prices came under selling pressure yesterday afternoon to close easier, dealers said. Western Mining rose four cents to AJ2.28 following the announcement of plans to fund and develop its Yeelirrie uranium deposits in Western Australia. Market leader BHP closed at 19.12 while CSR rose 16 cents to $4.10.
      302 words
    • Article
      Bangkok
      235 4 JLNK 12 Ilaht* A*lu C rtHli! 2S2 A m.i Kihr«* 182 Avuihaya Inv And Tru*i 140 U.lMKkok InvcMiiirnt 222 Biinffkok bank JH-i liangkok l>r\inR An<1 Siio lianitkok la^urancr Bangkok Mrtr<»«»lilan ban 570 lianKfik N> l«»n Bank O! Asia 190 -4 Bank Of Ayudhaya Lid 216 unch liala Uerli Jucker
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    • Article
      Selected indices
      62 4 FINANCIAL TIMES INDUSTRIALS Monday 503.9 Friday 503.2 Week Ago 510.9 DOW JONES AVERAGE INDUSTRIALS Monday 837.58 Friday 835.15 Week ago 821 JO LONDON DOLLAR PREMIUM Monday 51 to 52 Friday 56* to 56 H.K.HANG SENG Tuesday 545.53 Monday 547.26 Week ago 566.96 8YDNEY INDUSTRIALS Tuesday 481.83 Monday 480.77
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      267 4 HIWER 4. V VN^ X p* V v^ o rv\4o &V v cv* >2> G v o v t*r> that's the inevitable conclusion reached in the most comprehensive agricultural survey ever undertaken in Asia. And it will happen sooner than expected within the next decade in fact. The progress in
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  • OVERSEAS
    • Article, Illustration
      Lock icon A MATTER OF WELFARE
      59 5 Federal Aviation Administration chief Langborn Bond pointing to a photograph of an engine mount pylon of a DC-1# before the US House transportation subcommittee on Monday. He denied charges the FAA delayed grounding the DC-1! Jets as long as possible because it put the welfare of
      UPI photo  -  59 words
    • Article
      Lock icon Oil windfall profits tax move blocked
      577 5 Reuter. THE US House of Representatives ways and means committee on Monday killed a Republican effort to pass President Carter's windfall profits tax, clearing the way for action on an even tougher oil profits tax. The committee defeated a motion by Representative Barber Conable
      Reuter.  -  577 words
    • Article
      Lock icon Record GM investment
      494 5 Reuter AFP. GENERAL Motors Corporation of the United States will invest more than US$2 billion (554.4 billion) in the biggest overseas expansion project in the giant carmaker's history. The president of GM, E.M. Estes said that to meet growing demand in Europe, the company will build a
      Reuter; AFP.  -  494 words
    • WORLD IN BRIEF
      • Article
        Lock icon CRUDE OIL SPIRAL
        538 5 Agencies. CRUDE oil prices have risen by an average 33 per cent in six months, an Esso Oil Company spokesman said on Monday. All lower estimates were unrealistic, the company's managing board chairman, Wolfgang Oehme said. The highest price he had quoted for a barrel of oil
        Agencies.  -  538 words
    • Article
      Lock icon US pays top price for bribes ban
      560 5 NYT. A WHITE House task force on American exports has drafted recommendations for President Carter that call for immediate weakening and eventual abandonment of key provisions in the law that prohibits payment of bribes overseas by US corporations. Concluding that the law is
      NYT.  -  560 words
    • Article
      OIL FIRMS BLAMED
      238 5 AMERICAN oil companies apparently helped bring on the current petrol shortages in the United States by stockpiling crude oil instead of refining it into petrol. Disclosing this the director of the Federal Trade Commissi on'i Bureau of Competition, Alfred Dougherty, said the Department of Energy does not
      238 words
    • Article
      Lock icon White House challenges court ruling
      82 5 Reuter. THE US government challenged a federal court ruling that President Carter's efforts to enforce his voluntary wage and price guidelines for large government contractors were illegal. Deputy Attorney Benjamin Civiletti told the US Court of Appeals that the guidelines were not mandatory despite a
      Reuter.  -  82 words
    • Article
      Lock icon New immigration plan stirs French anger
      335 5 Reuter. PROPOSED new immigration laws have burst like a bomb on French society, bringing howls of alarm from government and opposition supporters alike and almost unanimous condemnation in the press. Police will gain sweeping new powers under planned legislation, approved by the National Assembly
      Reuter.  -  335 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      653 5 ARRIVALS Service Local Operator Number Time From THAI TG423 1125 BKK PAL PR501 1135 MNL GIA GA982 1200 HLP SLA SQ240 1210 MGS SLA SQ201 1245 HLP MAS MH684 1245 KCH UB UB231 1315 RGN MAS MH651 1330 (MES)/PEN/KUL SIA SQ455 1310 BWN SLA SQ61 1340 BKK
      653 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      145 5 Truly outstanding. In ever> cit> of the world there is a restaurant that stands out among the others. In Hong Kong, it's Ciaddi's. In Singapore, it's the Marco Polo. Everything is just as it should be, at the Marco Polo. The atmosphere is at the same time both elegant and
      145 words
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  • Article
    Moral degradation of bribery
    527 6 THE UNIQUE feature of America's political system is its capacity for rapid change, for adjustments to fit the needs and the demands of the times. And the Americans are rightly proud of this flexibility that allows, at different periods, for the will of the people to
    527 words
  • Article
    Getting cracking on the complex
    286 6 SINGAPORE'S proposed petrocheihical project has been steadily picking up momentum from the beginning of the year when the market for petrochemicals showed signs of improving with project planners projecting a regional role for the plant following the Japanese petrochemical industry's anticipated inability to find no
    286 words
  • Article, Illustration
    The world is not running out of petroleum yet
    4465 6 I HA VE drawn three conclusions on the forecasts of petroleum resources which are contrary to many popular opinions. Firstly, there are ample resources of petroleum in the world, still undiscovered, which should permit an orderly transition from our present petroleum-dependent
    4,465 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      84 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. -'-a' Can you really afford to miss Business Times? Subscribe now. Uv-'i• *2 JTO Cat
      84 words
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  • Article
    STRAWS IN THE WIND
    500 7 MEDICAL staff Initially attracted by Saudia's (Saudi Arabian Airline) advertisement on Monday in the Straits Times may have hesitated when they got to the list of benefits. Along with the free medical care, housing allowance and so on are 40 days annual home leave and a
    500 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      131 7 I M ft m o e M M 74 a'.V W///// >> Buy a pea green boat or eell e nautical puss. Leisure Times is right on target For as little as $15, you can sell anything in Leisure Times a painting, a world tour, a vintage car and get
      131 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      500 7 CRYPTIC PUZZLE ACRO6B Fame some children possess (6) End of the road (8) Smear with mud (6) Proper treatment for a molar (5) We have one thing to do to baby! (4) Advance work out short (4) Go on to the final (4) Hole in a cooking apple (3) Conference,
      500 words
    • Miscellaneous
      Page 7 Miscellaneous Column 2
      781 7 TMMRWDTO Don't miss Happy Days ALL YOU eaa kepe far traa that ewtty llttte bn is TNr viag reem is that It 11 tan year aftor-sfllee happy ktan lata Happy Days. Whea yea*re threagh faveartto happy hears Tkea make yaar way heme aad catch, at l.lfpm ea Ckaaael 5, Happy
      781 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        208 8 JUNK II VH AUN ***** -0 5 Ahold 9120 0.7 2*f» JjMLV 28 00 -01 85 20 -01 *lllIl(iU ***** -1.7 Bank 60 60 -03 tSfcrgox* 58 50 unch gP**rk 94 50 0.5 Mob 6150 -12 ypr iyHj 159 00 -2 jtarli—nn 59 00 -0.1 Jjvnkorf 70 50 -0
        208 words
      • Article
        Paris
        275 8 JUNK 11 Frs M" CORBEILLE Air-Liquid? 389 unch B S N (Jervais 4>aiK>ne 590 -2 C* S F < ThomsonC**l> 359 50 2.5 Cie Franca ise des Pflrolfs ***** -13 I'ompugnie Fmanciere t'ompagnie OfllfRllf 382 50 -2.5 Credit Foncier L>e France 471 -3 Hachette (Librairie) 235' 4 Machines Bull
        275 words
      • Article
        Frankfurt
        228 8 JUNE 11 Dm Aef-Telefunken 4&.70 0.6 Akzo 25 00 -02 Allz Leben 830 00 unch A Hz Vers 434 00 .1 BASF 134.50 13 Bay H T Wbank 247 00 1 Bay Vbank 263.00 l Bayer ***** 0 5 BBC*****B BMW 201 50 -13 Ca&sella 356.00 3 Chem Verw
        228 words
      • Article
        Brussels
        74 8 JUNE 11 r r% FORWARD MARKET Acer 436 -4 Arbed Astur 2565 642 65 -2 Brautcan BruLamb Canpac 638 1760 642 -12 -10 -10 Cock 544 unch De Beers Ebes 260 2110 -10 Elecirobel 6900 10 Gb-Inno-Bm 2650 unch Gev 1280 unch Hobok 3105 unch Ryl Dutch 2100 -15
        74 words
      • Article
        Zurich
        193 8 JUNE 11 Francs Actions Suisse* 287 -1 Alusuisse Br 1190 -5 Alusuisse Reg 480 -2 Brown Bovtri Br. 1685 -5 CitM Geigy Br 1240 5 Clba Geigy P C 906 -5 Clba Oelgy Reg 001 1 Credit Suisse Br 2140 unch Credit Suisse Ref 412 1 Elektrowall Br 1800
        193 words
      • Article
        Milan
        108 8 JUNE II Lire Anic 31.25 unch Assoc Gen ***** -270 Baslogi 767 >16 On l rale 4872 -48 1 lul 2622 Yinsider 157 Gen I in mob 85 -2 IH Pit 2261 luicrmrnti ***** 180 llulfas 702 -3 I Lai side r 3M unch Magnet! M Pf 530 unch
        108 words
    • Article
      Late bargain hunting lifts stock prices
      1239 8 NEW YORK SOME late bargain hunting left the stock market narrowly higher in moderate trading on Monday after being lower most of the session. The Dow Jones industrials added a point and winners led losers by a small margin. Worries about energy problems kept
      1,239 words
    • Article
      TORONTO
      209 8 JUNE 11 CS Abitibi 18 Alcan 42 Algoma 29 Bank Mont 22 Bank Nova ScoUa 22 Bell Tel 22'. Beth Corp BP Can Ltd 29 Brusca n 23 •el Camp Red Lake 23 Can Imp Bk 25 Canpur 31 Canpar Inv Pf B unch Carling O'Keefe 5 unch Com
      209 words
    • Article
      JO'BURG
      325 8 JUNE II Rand INDUSTRIALS A Alpha 168 uneh Abrrrotn 235 -3 AE And CI 443 -7 A MIC 1475 10 Barlow* 590 unch C* Sugar 610 unch c'N A 20Oxd -90 turn* finance 88 -1 Ur Beers Ind 1690 Edron 345 -5 Ed|ar» Eveready Fed Volk 203 3 Eufil
      325 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      177 8 Where to wine, dine and entertain 9i c A i s^- Take anew kx)k at the Harbour GrilL Treat yourself and your business associates to an excellent lunch selected from our superb offering of choice OS prime beef, our daily Mouvefle Cuisine specialities or let our executive Chef. Lao Waldemeier
      177 words
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      Page 8 Advertisements Column 2
      165 8 20diffe»eitt Btan^ fel a h k*/ n fixed price. Ki^ 1 0 43 each C 3 There's nothing like an icy, cold gUa of frothy beer to refresh when you re hot and thirsty. Al our Beer Festival, you can try a* many a* 20 different brands, from all over
      165 words
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      Page 8 Advertisements Column 3
      114 8 m fk 2 pry w V "V M £>. I ■s R IV For lunch. For dinner. For a richly rewarding experience. Ik rnlun 1 'iirk Slmtiiloi Siii^npon I H > S 1 I I II.( Sll )I .P>( >.\UI) I\IH i >\\| ||kH < l oil 111 n i»
      114 words
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      Page 8 Advertisements Column 4
      142 8 'In the Georgian of the Cocfept a sptendri Reriod restaurant 'xfering the choioest fare in the true British tradition *7 \»here good tasie triurnphsfrom Beef \Xfellingion Btnerffy PiDet and a wide choice of traditional dishes lo dining in a luxurious period atmosphere \Wth service friend and foe praise us for"
      142 words
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      Page 8 Advertisements Column 5
      6 8 See Page 4 lor Asian stock*
      6 words
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  • BANKING AND FINANCE
    • Article
      Lock icon A correction is likely for US money market
      610 9 Reuter. THE EXTENDED rally in the money markets may come in for some testing in the current week and should emerge in a weakened condition. Market analysts also said that the market has run ahead of itself in assessing the current economic
      Reuter.  -  610 words
    • Article
      Lock icon GLOBAL LENDING UP BY US$213 BILLION
      286 9 Agencies. INTERNATIONAL lending expanded by US$2l3 billion last year and claims outstanding stood at $903 billion, the Bank for International Settlements said. Although the bank in its annual report noted that this gross figure considerably exaggerated the underlying growth of the market, it described
      Agencies.  -  286 words
    • Article
      Lock icon Bankers likely to work on Euromarket controls plan
      309 9 AFP. CONCRETE proposals for ways to control transactions on the Euromarkets are expected to be drawn up by central banks of the leading industrialised countries within two months. Disclosing this in Basle, Switzerland, reliable sources said "active" talks are now under way
      AFP.  -  309 words
    • Article
      Lock icon Australian banks' hedge market opens
      173 9 Reuter. MAJOR Australian banks were to have officially opened their new foreign currency hedge market on Monday, giving business houses a new means of protecting themselves against variations in exchange rates. The new market, which has been operating on a trial basis for the past
      Reuter.  -  173 words
    • Article
      Chartered Bank Visa programme
      636 9  -  By ALVIN TAY THE CHARTERED Bank, a wholly-owned subsidiary of the Standard Chartered Bank, will operate a Visa cardholder programme through its 138 branches in Singapore, Malaysia and Hongkong. The bank, headquartered in the United Kingdom, is among 19 financial institutions in 16 countries which have
      636 words
    • Article
      Lock icon Increased interest in gold forecast
      112 9 Reuter. CONSIDERABLE limitations to the amounts of gold auctioned by the US Treasury and International Monetary Fund, and the cautious attitude of the Soviet Union in selling the metal are likely to keep gold firm. Degussa said. In its latest precious metals bulletin, Degussa, reported
      Reuter.  -  112 words
    • Article
      Lock icon Americans invest overseas to fight inflation
      529 9 UPI. FOREIGN investment is in vogue among individual American investors as a hedge against domestic inflation and Japan is emerging as a lucrative market. At the end of 1977 American holdings of foreign securities totalled U5549.3 billion (SsloB billion), compared with $27.4 billion at
      UPI.  -  529 words
    • Article, Illustration
      TJIO IS PRESIDENT OF BANKERS' INSTITUTE
      136 9 MR TJIO Kay Loen, general manager of OCBC, has been elected president and chairman of the Institute of Bankers, Singapore centre, at the institute's 19th annual general meeting. The meeting, at the OCBC Centre last Thursday, also elected Mr R.H.L. Bacon and Mr C.W.G.
      136 words
    • Article
      Lock icon Revamp of Japanese banking laws
      159 9 Reuter. PROPOSALS to broaden the Japanese Finance Ministry's control over the Japanese banking system and to require greater disclosure from banks are near completion. Recommendations for amendments to the 1927 banking law being drawn up by an advisory body, the Financial System Research Council, will
      Reuter.  -  159 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        433 9 THE US dollar was traded up against major currencies yesterday. Trading was most active in the yen counter. Against the Japanese currency, the US dollar started on an easy note, at 218.30/ 40. It was brought down further to 218.10/20 before being traded up to close on the
        433 words
      • Article
        Hongkong
        134 9 THE US dollar yesterday traded firmer at 219.35/50 yen compared with New York's 219.10/20 close and an early 218.15/25, dealers said. Early dollar weakness on reports that the yen may be undervalued was later offset by profit-taking triggered by news of a 1.6 per cent Japanese wholesale price index
        134 words
      • Article
        Asian $ rates
        185 9 Asian rates ASIAN currency deposit Interbank rates as at close on June 12: U8 D*Uax»Op*t) Offer 7 days 10 7/18 10&/16 1 months 10 7/18 10 5/16 2 months 107/16 105/16 3 months 10 11/16 10 9/16 6 months 109/16 107/16 9 months 10% 10 v. 12 months 10% 10%
        185 words
      • Article
        Discount
        49 9 RANGE of prices often Ml by dlscount houses on June 12: Overnight 4H% Call deposits 4H% Closing Myttf 3 month Treasury bills 411/16 4 9/16 3 month Bank bills 7* 7H 3 month CD 7 1/16 615/16 6 month CD 7 3/16 71/16 Source: National Discount Co Ltd
        49 words
      • Article
        Frankfurt
        44 9 FRANKFURT exchanges opening quotes on June 12: US 1.*133/40 (I.WS/25) St| 3J67/M5 (3.M/W7) Can I.OM/W D F1 >1.20/30 S Fr 111.30 45 Ut 2.25/M4 r Fr 43.19/31 N Kr 31.75/11 B Fr (CM) US/1 B Fr (On) 6 008 018 Yea 0 .>717/32
        44 words
      • Article
        London
        152 9 STERLING and the dollar yesterday opened slightly firmer than at Monday night's close in quiet trading ahead of the UK Budget, dealers said. Sterling opened below the highs reached in New York trading overnight, where the currency breached the US$2.O7 level. The yen weakened to an opening 219.35/45 to
        152 words
      • Article
        PLR
        21 9 THE average rale at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • Article
        Gold
        315 9 SINGAPORE gold futures yesterday closed generally easier compared with Monday night's closing in fairly moderate trading, dealers said. Quotations were marked down around US$2 at the opening following the metal's overnight weakness in New York. The market thereafter held steady during the morning's trading but eased marginally in late
        315 words
      • Article
        Tokyo
        241 9 THE US dollar for overnight delivery yesterday closed firmer at 219.40 yen, compared with a 218.90 opening and 218.80 at Monday's close. Trading was active with volume $885 million. The US currency strengthened in fairly active late trading on revived buying by brth Japanese and foreign banks after opening
        241 words
      • Article
        Australia/NZ
        65 9 QUOTES on the Australia and New Zealand exchanges on June 12: AUSTRALIA: US dollar 1 1091 ***** Sterling 0 5375 0 5313 Ninety-day airmail buying rates: Sterling 0.5673 US dollar 1.1«7 Ninety-day forward buying ratoa: Sterling 0.5401 US dollar 1.1119 NEW ZEALAND: Ranerve Bank mtdrate UStI.IMO Trading Bank tnrttrartona:
        65 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      173 9 "Fifteen going on sixteen twenty four That s reminiscent of a song Which isn t what we want to tell you. Because we ve got other music for your ears. The Perkin-Elmer 1624 System. We call it the Sixteen Twenty Four". Sung Of course But no matter what you call
      173 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1419 10 BID 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 unlta unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
      1,419 words
    • Article
      Government bonds
      201 10 4 1/2% 1/8/80 (250.000) (99 548 90.638) 4 3/4% 15/9/80 (250.000) (99 658 99 755) 5 3 41 I 6 78-80 (250.000) (100 758 100 85S) 5 1/2* 1/5/79-81 (250.000) (100 358 100 455) 6 3/4* 1/9/79-81 (250.000) (100 488 100 58S) 5 1/4* 1/&/8 I (250.000) (100
      201 words
  • Article
    Unit trusts
    158 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Mimm' prtoaa brtaU) (Can-eat pr Mas) The Commerce The Savtaf Fund S pore Prog Fund S'pore See Fund S pore Invest Fund S pore Equity Fund 113 IMsd LM Q» LOB 1.84 1.® 1.34 142 0 99 LM Income Bond 1.11 MAKA
    158 words
  • Article
    SHARE INFORMATION SERVICE
    2646 10 Gr*» Gr". Net 1979 Last Div Div Y*M P/E Vol Day High Low Company Sale or- C'vr (•000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 245 -10 150 22 31 123 1 245 245 190* 123* Alcorn 179xd 10.0 13 53 238 142 no Allied
    2,646 words
  • Article
    In Kuala Lumpur
    1632 10 BID and otter price* 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 oI 1.000 units unless otherwise speci fled. INIMJVnUALS AJa.aeti (2.828 3.006) Utw (IJSB 1J8S) xd A Char (1.388
    1,632 words
  • Article, Illustration
    Shares tend lower on wide front
    627 10 SHARES (ended lower oa a wide (rent in quiet trading on the Stock Exchange of Singapore yesterday. Losses, however, were mostly Insignificant. Investors were just in no mood to commit themselves.lnstitutions, too, have not bees showing interest lately. Hie market was left to adjust
    627 words
  • Article
    KL closes with slight losses
    448 10 AN EASIER trend ruled on the Kuala Lumpur stock market yesterday and prices finished with slight losses across a broad front. Trading was generally light and selective with the bulk of business focused on current favourites. The lack of an encouraging lead from world markets
    448 words
Page thumbnail Page 11
  • Article, Illustration
    UOB hopeful despite fears of a recession
    633 11  -  RECORD GROUP PROFIT IN 1978 By OUR REPORTER UNITED Overseas Bank remains "reasonably optimistic" about its performance in the coming years despite the threat ot an impending recession in the United States. Chairman Mr Wee Cho Yaw, in his latest annual review, expresses
    633 words
  • Article
    Setron(M) hit by uncertain start of colour television
    412 11 SETRON (Malaysia)'* trading last year was affected by the aacertalaty •f scheduled television traanmlwTloßfl As a malt af this, the eampaay iacarred a consolidated trading laaa af $148,999. Chairmaa Mr Wee Cha Yaw says ia his latest aaaaal review that calaar transmission
    412 words
  • Article
    HONGKONG TIN SEES STRONG RECOVERY
    419 11 HONGKONG Tin staged a strong recovery at the Interim stage after freeing itself from the effects of a major landslide which had depressed output of tin concentrates during the first half of the preceding half year. For the six months ended March 31, 1979, the
    419 words
  • Article
    William Jacks moves in line with M'sian ownership policy
    772 11 WILLIAM Jacks and Company (Malaya) has taken steps to increase bumiputra participation in its Malaysian operations in line with national aspirations. The vehicle for this will be the wholly-owned Malaysian operating subsidiary, William Jacks and Company (Malaysia) Sdn Bhd. Group chairman
    772 words
  • Article
    DIVIDENDS ANNOUNCED
    755 11 Current Ex Books Date Total for Total for Payment Date Close Payable P Prod 10*<b) May 25 Jun6 Jun 16 10* 6*<a) Acma 15*(b) Jun 5 Jun 12 Jun 20 15* 12* Island A Pen 10*(n) May 22 June 1 June 20 19* 17* Sin Chew 12*(b) May
    755 words
  • Article
    SCRIP ISSUE
    134 11 Company Particulars Ex Date Books Close Olympia Oriental HMgs Mai Flour Spore Glass Yeo Hiap Seng Bonus Issue of 1 for 2 Bonus Issue of 8 for 5 Bonus Issue of 1 for 2 Bonus Issue of 1 for 5 Bonus Issue of 1 for 3 Rights Issue
    134 words
  • Article
    Lock icon No alarm necessary
    347 11 mas §SKX3I]L«» by HOCK LOCK SIEW RIGHT ABOUT this time, mast paators are wandering If the steekmarket will Mi ap far very leag. The first taiMi ward la aa the ritaattoa has heea brahera James Capel. Their advice to laveatora, "miadfai af haw a similar set ef
    by HOCK LOCK SIEW  -  347 words
  • Article
    COMPANY BRIEFS
    312 11 UNITED Motor Works (M) BM announced the appointment of Dr Syed Mahmood bin Syed Hussain to its board of directors with effect from June 8. GKNTING BM announced that Tan Sri Lim Goh Tong has been appointed to its board of directors with effect from June 8. MALAYSIAN
    312 words
  • Article
    COMPANY MEETINGS
    407 11 aiMaJ flifilltf ladBitriM Ltd: AGM to be held at 481, Tanglin Halt Road, Singapore at 11am on June 15. Gold Cste Ltd: AGM to be held at 6th Floor, Denmark House. Raffles Quay, Singapore at 12 noon on June 15. mass's Hotel Ltd: AGM to be held at
    407 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      148 11 PENGUIN BOOKSHOP RUNNERS HANDBOOK THE runners HANDBOOK Th* RUNNER'S Handbook S. 4 3 f: m RiSWNERS HANDBOOK =7 WHY DO RUNN£*S MAKE SETTER 40MEK5 =j Runnexs I y*" o 3 00 RUNNING I snMuuml All ASPECTS h ofhealmw r Here at last is The Runners Handbook, a complete Fitness guide
      148 words
Page thumbnail Page 12
  • Article
    Shift over to Malaysia, investors urged
    645 12  -  By JOHN LIM SINGAPORE industrialists will find it more profitable to invest in labour-inten-sive industries in Malaysia than to import foreign labour. Making this selling point yesterday was the Malaysian Deputy Prime Minister and Minister of Trade and Industry, Dr Mahathir bin Mohamad. He
    645 words
  • Article
    Lock icon Suharto confers with Malik on political situation
    244 12 AFP INDONESIAN President Suharto yesterday conferred with Vice President Adam Malik on the political situation in Indonesia in which a vacuum appeared to be prevailing in the military field as over 100 senior officers are on course. The officiers including chiefs of the
    AFP  -  244 words
  • Article
    Six centres
    44 12 THIS year's National Day parade will be decentralised at six parade centres. They are at Jalan Besar Stadium, Queenstown Stadium, Toa Payoh Stadium, Temasek Junior College, Jurong Stadium and at Delta (near the junction of Lower Delta Road and Jalan Bukit Merah).
    44 words
  • Article
    KL steps up efforts
    113 12 THE Malaysian Government has stepped up its efforts to minimise the expected shortfall in meeting development targets as outlined in the Third Malaysia Plan Mid-term Review. The shortfall has been estimated to be about Ms 7 billion. The Government allocated a total of $32 billion for
    113 words
  • Article, Illustration
    Lock icon PUPPY IS ALSO SAFE
    64 12 This child's face is enough to tell her trouble, bat in her moment of distress, she has not forgotten her poppy in her arms. She and her grandmother are resting at a Managne, Nicaragua, Red Cross centre on Monday. The refugees were brought in from one
    AP photo  -  64 words
  • Article
    LONDON STOCKS
    801 12 LONDON, Tues The market closed mixed ahead of the UK budget after a quiet session, dealers said. At 3 p.m., the FT index was down 0.7 at 503.2. Leading equiUes were narrowly mixed while government bonds firmed 1/4 point in medium and long-dated loans. Golds declined with the
    801 words
  • Article
    Lock icon Red tape may retard Jakarta's export growth
    325 12 Reuter INDONESIA'S expert growth ever the next Ave yean cenld be hindered by eamberueme bureaucratic procedures, Illegal levies, pert and eastern delays, lew predaettvlty nad lack uf credit, a US embassy repert Issaed In Jakarta said. The repert deaerlbed Indeaesla's long term expert
    Reuter  -  325 words
  • Article
    Reapply if you want a change
    94 12 APPLICANTS for Housing and Development Board five-room flats may now opt for smaller flats following the recent raising of the income eligibility ceiling. An HDB announcement yesterday said those who wish to reapply for smaller flats will be not lose their priority in terms
    94 words
  • Article, Illustration
    Lock icon THE WEST GERMAN EXAMPLE
    251 12 WEST Germany is recognised as a successful model of an industrialised country with a democratic and orderly society that has coped with terrorism without abandoning democratic practices. The Prime Minister, Mr Lee Kuan Yew, made this point at a dinner hosted by the Chancellor Schmidt and
    AP photo  -  251 words
  • Article
    Manufactured goods imports up sharply
    465 12 THE VALUE of Japanese imports approved by the government in May jumped by nearly 50 per cent compared with the same month last year following increased purchases of manufactured goods, the Japanese Ministry of International Trade and Industry said yesterday. Declared and approved imports expected
    465 words
  • Article
    Shiseido drive
    78 12 SHISEIDO of Japan will market its cosmetic products in East Malaysia. Mr A Takizawa, Shiseido's manager for its Asia and African operations, will be visiting East Malaysia later this month to finalise preparations for an intensive marketing strategy. He was in Singapore recently as part of his threeweek
    78 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      85 12 Just pick up the phone and Emery picks up the responsibility. 1 i V When you're busy meeting deadlines, controlling inventory, hounding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as seriously as you do.
      85 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 bwrs prior to 7.31 p.m. on June 12 at the airport. Maximum temperature 28.7 Associated humidity 78 Minimum temperature 24.5 Associated humidity 97 Hours of sunshine 0.0 Rainfall in millimetres 0.6 Total
      62 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Ship abandoned
        82 13 AFP A MALAYSIAN flag ship of 1,000 dwt, MS Sinar Surya, has been abandoned by its owners after the ship broke down in December last year, off Pemangkat, west Kalimantan/Borneo, Antara News Agency reported yesterday. Both the crew captained by an Indonesian and the Indonesian Shipowners Association (Insa)
        AFP  -  82 words
      • Article
        Lock icon Oil pollution equipment
        87 13 AP THE Malaysian government has allocated about US$2B million (Ss6o million) to buy boats and other equipments for cleaning up and preventing oil slicks in the Straits of Malacca and other Malaysian waters, Deputy Transport Minister Encik Ali Shariff said. The boats include six tugs, six barges,
        AP  -  87 words
      • Article
        Lock icon Floating oil storage
        94 13 AP SOUTH Korea is studying a plan to buy 230,000-ton tankers to use as floating oil storage facilities off the southern coast of Seoul, the Ministry of Energy and Resources said on Monday. It said the nine tankers should allow Korea to store 13.5 million barrels of
        AP  -  94 words
    • Article
      Fuel takes lion's share of costs
      704 13  -  By GOH ENG KEE FUEL PRICE increases, shortages and quality have become problems of a "high order" for today's shipowner. By comparison, considerations of personnel cost or maintenance problems will decline in importance. However, in the final analysis, achieving optimum total operating costs is
      704 words
    • Article, Illustration
      Last of the Big Four
      296 13 THE latest Nedlloyd Line vessel to Join the fleet is the Nedlloyd Barcelona, currently on her maiden voyage from the UK to West Asia. The Nedlloyd Barcelona is the Inst of the fear giant multi-purpose carriers ordered by Nedlloyd. lie others are the Nedlloyd Bahrain,
      296 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2198 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      2,198 words
    • Article
      INDEX
      523 17 Shipping Um ACS Afea Alfred Alpac Angkutan ANL APL Arya Nat A3PI. Aust.Cont Bank BBS Ben Asia Ben EAC Ben Ben Ocean Bienley Blue Funnel Blue Star Page n IV V IV V i in n m IV n n m m m m V m V (M 5
      523 words
    • Article
      Container Schedules
      854 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL 1 NB. (iy 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
      854 words
    • Article, Illustration
      Gift from Navire
      466 18 N A VIBE Carg* Gear (SEA), a nabaddlary nf the leading Swedish maunfactarer nf earga accenn equipment, has dsaated a werfcJag neaie meM nf a hatch caver to Ngee Aaa Techaical Caliege. The preneatattoa nf the made! to the caliege was made aa Meaday by Mr P.A.
      466 words
    • Article, Illustration
      Tug-barge concept in the limelight at inter-island seminar
      866 18  -  By RAHIM KASSIM THE numerous advantages of the tug-barge concept for inter-island shipping were the subject of much discussion yesterday during the second day of the Inter-Is-land Seminar organised by Marintec (SEA). The advantages of this concept were shared by two of
      866 words
    • Article
      Lock icon Aussie approval for new wool freight system
      406 18 Reuter AUSTRALIAN Primary Industry Minister lan Sinclair, has approved the new agreement for wool freight rales from Australia to UK/ Europe, Wool Commodity Group executive director John Westmore said. As reported on June 1, the group negotiated a new system of rates with
      Reuter  -  406 words
    • Article
      Japan plans to build a duplicate Panama Canal
      319 18 AT A TIME when rising tolls (or Panama Canal passage are causing concern to shipowners, a Japanese business group has revealed a plan for a new, wider canal linking the Atlantic and Pacific Oceans. It is calculated that the scheme would cost
      319 words
    • Article
      ORDERS FOR TANKERS
      205 18 The NIARCHOS Group has ordered two 80,000-tonne dw tankers from a Japanese shipbuilder at a cost of US$54 million (Ssll9 million). Another Greek shipowner, E.P. Nomikos, has joined the queue of companies inquiring about this popular size. Ishikawajima-Harima Heavy Industries won the Niarcho6 contract from two of
      205 words
    • Article, Illustration
      SHIPS IN PORT
      279 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aliakmon Progress (1100 after Sallly Ocean) 1/2 Blue Matsuyama (ro/ro) (1500) 47 Bunga Mas (after Orchard Gold shifts) 18 Bunker Friendship (B/ Barge) (after New Globe) 42/43 Fairstar (Passenger) (0600 must portside to) 46 Feng Qing (1000) 44 Hoegh Orris (1700 after
      279 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      515 13 Everett Lines KM TNI MOST FtIQOIMT SAILINGS TO BANGKOK HONGKONG •JAPAN rUSAN. Evwwtt StMmahip Corpn. S/A C>*fo»d S 'Tw-f I T* 36 fcoc* V'M* (W* B- 36 *03 OC §C Bk* T* 2144T J po" sasHip co ohc JAR DIN I AN I All 25 7 21 7 18 28
      515 words
    • Advertisement
      Page 13 Advertisements Column 2
      281 13 S3S§ JS£ SEALORD ANTAH F P n L UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. S3 11 i BN BAJIAH 13 6 BN QUTABAH QAitOUH 29 6 RED SEA DIRECT SERVICE Vessel S pore Loading for SE/U.ORD
      281 words
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      Page 13 Advertisements Column 3
      238 13 NOL NEPTUNE ORIENT UNES LTD FULLY COMTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE C MU.+ n rum. c nn ft I*3*oB S ?4 My m COBTAMR 11 Mr 12 Mr 1 I® SCAT OS 16 My 17 My 6 M 0 CWF 26 My 27 My 10 Aa( c com*** 1
      238 words
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      Page 13 Advertisements Column 4
      721 13 ncw-i imcc -,-1 EUROPE/FAR EAST SERVICE See Page IV Column 3 for Sailings Agents SINGAPORE SHIPPING AGENCIES PTE LTD MARKETING *****2 G ENE RAI *****1 A Msn EURO ASIA LINE SON BHD Kt *****7* P KIANG *****1/3 PENENG *****/2 MAERBK LINE f or U S Paokc. ftuku Wort* M*st CMt
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      790 14 FULLY CONTAROISED TO EUROPE Mptoy Ml* Bit Ida Eiprtn EftoMaa OUu Bit Utorpod Bit EXPRESS CONVENTIONAL TO EUROPE S port PJMmi P» BBjo Gonu HW| Bromn (dim Mm Sopkil 21/6 5/7 21/7 18/7 16/7 14/7 17/6 19/6 19/7 13/7 30/7 28/7 25/7 23/7 FULLY COMTMNEMSED TO GENOA/TRISTE TW Ml Sport
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      Page 14 Advertisements Column 2
      497 14 B5 Jz, barber blue seo From: US ATLAMTIC US GUI I EAST CANADA Next Arrival: "N.J. PATER AS" June 19/20 at BARBER LINES TERMINAL GODOWN 47. "TECRMOPYIAE" km 2t; "BARSER PRIAM" My 4; "ICLAMPUS" My t. To: US ATLANTIC US GULF A EAST CANADA Am 21/25 M 4/5 tat 24/27
      497 words
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      Page 14 Advertisements Column 3
      513 14 0 EVERGREEN LINE FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTWG CARGO FOR HAMBURG. FELIXSTOWE, ROTTEROAM. ANTWERP LE HAVRE ALSO ACCEPTMG CARGO FOR UNITED KMGOOM SOUTHAMPTON LONDON MANCHESTER. MRMMGHAM BRISTOL, LIVERPOOL. GLASGOW. LEEDS WEST GERMANY 6KMERHAVCN HOLLAND AMSTERDAM S'part Friistm ItttarUn htwmp Lt ttowi E*tf Vato IS Jm t M
      513 words
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      Page 14 Advertisements Column 4
      903 14 Everett Lines Burma Fiv« Star Shippinf Corpn. BURMESE NATIONAL LINE B bb C Agents m Moloys»o TEPS MALAYSIA Port Ketoog TeH3B>-7355 Penong Tel **********2 Compania Argentina Da "ARGENTINE NATIONAL LINE' LOADMG FOR DURBAN, CAPETOWN, BUENOS ARES Saifapore P. Keianf Penanf PATAGONM NtGENTMA 14/17 My Transport acton Marrtima Maxicana S. A.
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      Page 14 Advertisements Column 5
      717 14 T 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 KYOSCI MARU THREE STAR.. MAT CMP..... SANKYO LINE AUSTRALIA SERVICE P Kelang Singapore Loadng for: 14/17 June 11/19 June SYD. MEL. ADEL 15/16 lunt 17/17 km
      717 words
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      Page 15 Advertisements Column 1
      628 15 Overseas B M B I Containers Limited Weekly service to/from UK/Europe To UK/Continent Ln-P«u in SjM Singapore MansMd Container Services Pte LM *****1 K Lumpur Container Agencies Sdn BM *****4 P Kelang Container Agencies Sdn BM *****6/8 Penang Bouslead Shipping Agencies Sdn Bhd *****1/3 Australia Straits Container Line (A member
      628 words
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      Page 15 Advertisements Column 2
      998 15 GRANARD LINE RELIABLE I DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDITERRANEAN f Kdaif Pnunf M V HUN HMG V ITU II km M V MAN FUNG V 28* 14 M 17 M M.V. KNONG FUNG V2SW.. 30 M *11 WCSSCLS ACCEPTHG CONTAMER CARGO Md«h/P Sad Aleundiu Bttrot limissol lattakia Pir
      998 words
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      Page 15 Advertisements Column 3
      744 15 I J BEN LINE CONTAINERS EXPRESS CONTMO SERVICE TO/FROM EUROPE TO MOT S port P Ketanf W Germany Austria K Tokyo by to Port 14/4 4/7 1/7 Card«an Bay 24/4 15/7 17/7 Tokyo Eipress 28/6 30 6 21/7 23/7 Elbe Maru «/7 25/7 27/7 Osaka Bay 8/7 28/7 30/7 Liverpool
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      Page 15 Advertisements Column 4
      693 15 Scan Dutch 9 WEEKLY EXPRE 111 HIH |Vi i .;>ii i: i»* »7i 11 la" d 4ate> fiamcesca u/4 EUANOM 23/4 fiMcnu a/4 aumau in fimkoca 14/7 aumui n/7 FMNCESCA K/7 ELEJWOM 4/1 M Ma mat acopMg c*ft lv BaM*k. f KaMg EASTBOUND FROM MED/UK/NC/SCANDINAVIA I) C twr| 2) Mburf
      693 words
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      Page 15 Advertisements Column 5
      452 15 <<r BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD. LOADS FOR E. S. AFRICA FMtROMN i Reunion Ourban Clown, PC. t Idn) S pore 12/16 Aug P Ming 1 //19 Aug FROM FAST I SOUTH AFRICA FOR BANGKOK MASH A VESSEL Penang P Mang S pore My U.S. GULF COAST SERVICE
      452 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      1009 16 K LINE KAWASAKI KISEN KAISHA. LTD. t UROPE EXPRESS SERVICE C PAUI 16W N PEARL 15# C RO7E 14W K IACfWON 3W HK CONTAINER lbW TO EUROPE P Kelang l Havre R dam 16 Jun 2 July 3 July 74 lun 9 July 10 July 29 lun 15 July 16
      1,009 words
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      Page 16 Advertisements Column 2
      773 16 U.S.A./EAST CANADA SERVICE Penang IWitM P Ktun| E.C./GREAT LAKES SERVICE LOAOME FOB KW TOM. NORFOLK MONTREAL. TORONTO Penang Belawan P Mang Smgapore VBHUA TET (C* CMcag*) 15/16 Mr 11/14 Mr 11/12 M "A VESSEL" 15/16 An IJ/U Aa| 10/12 At CALIFORNIA/PACIFIC NORTH WEST SERVICE ludnt tor LOS ANGELES SAN fRANCISCO
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      Page 16 Advertisements Column 3
      538 16 r r~ \<.roup SINGAPORE SHIPPING AGENCIES PTE. LTD 20Tm FLOOR OCtAN BUILDING SINGAPORE 1 MARKETING *****2 (3 LINES) GENERAL 91 Jl' 1 I'« L INESI TELEX RS 2459S RS 2SS6B A B CAWShiP CABLE CARGOSHiP 'Ai.i SI/VGA PORE ISLANDS LINE M ni.MlUifa. J luiißiaiJii iuu a MIDDI.t hAST Rtl.L LAR
      538 words
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      Page 16 Advertisements Column 4
      835 16 MAI YSIAN INTfRNATIONAI SHIPPING CORPORATION BfftHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SC ANOINAVIA WEST BOUND Aho Accepting For 1) Barcelona Gnoi Amsterdam Antwerp I Hanre Bdbao Basle UK 3) Bremen Bremenharen Aarhus Copenhagen Helsinki 4) Mai mo Stockholm Oslo •Accepting fur ope cargo tor leeder na S pore EAST BOUND
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      Page 16 Advertisements Column 5
      753 16 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****11/*****57 U REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE ALEX AMMAN. W839 14 km In Port ELK WB4O (Contr Ship) 25 Jut ul e Penanr 14 Mi In Port Avon (UK)/A werp/ Tilbury/Boulogne Rotterdam/Hamburg ym i. (UK)/Tilbury A*on(UK)/Boulogne ■fTRASEA
      753 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      174 17 FAR EASTWEST AFRICA SERVICES CONTAMER BULK SERVICE TO LAGOS/APAPA, PORT HARCOURT, TEMA, MONROVIA DOUALA AND ABOJAN I,OXI S'P*« l*tn x Tcma M'ru JOTUNE SPWEL 22 km IS M 23 Jut 27 U 14/15 M 9A* 13 kug 17 Awf nEFIWO 11/12 Auc C 10 Sep 14 Sep 2t/» Aut 23
      174 words
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      Page 17 Advertisements Column 2
      251 17 f-\ CEYLON SHIPPING CORPORATION National Lir.e ot Sri Lanka LOAONC FOR COLOMBO SMGAPORE IC/S-lt/S 2S/G-27/S PT KLANG/PCNANG lOTUC AGATI »caro S-POK HCPTUMAUHQtSIPTEILTD Z*****1 FTIIAK MtfOMISNM *****7 PEIIJWC HMPUMMSMM (4*22 h ANHSING OVERSEAS LINE REGULAR SEM-CONTAMER/UNER SERVICE S pore P. Kdan( Penanf Load** for •UWOHTEWO Safed ieddah •UWON BOSTON 30/2 U
      251 words
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      Page 17 Advertisements Column 3
      131 17 OCEAN SHIPPING COMPANY wcamct r mm «mm iommb rat aw n/n jm :c«p«ta| wMw Dt«p ta* i ilrtli to Mi cvp AGENTS: Chung Chioo Shjpprta Sdn Bhd Port Kelong Td: *****6, *****8 Penong Td: *****, *****7 NORIENT LINE b FARGO SHIPPING COMPANY(PTF.) LTD. TEL *****^ o BLUE STAR LINE SINGAPORE/NEW
      131 words
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      Page 17 Advertisements Column 4
      286 17 r r PX IBIISAHAAN PELAYARAN ANGKUTAN PERTAMBANGAN TK ONLY SMGAPORE HXNCSIA CONTAKR FEEDQI SERVICE AUTHORISED BT ICOKSM GOVERMOT MTH FUU CONTARO VESSELS EACH CARRYMS 112 TEH VESSEL TAMBANG VI TAKAM I M.SO ACCEPTING CARGO FOR MOONESiA GOVERNMENT PROJECT AND HEAVY MACHMERCS TAKAM IV TAKAM M SINGAPORE LOADMG FOR 30/6 JKT
      286 words
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      Page 17 Advertisements Column 5
      320 17 NOTICE EVERETT STEAMSHIP CORPORATION S/A "Makeverett" Vay.**.* \rr4: IX.T* Place tt Sarvey: PXA. Gdns M 41 General Survey on damaged cargo discharged ex the above vessel will be held on 13th June 1979 from 8.30 a.m. N« farther sarvey will be held alter this date. CELTIC BULK CARRIERS Regular Bulk
      320 words
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