The Business Times, 27 July 1979

Total Pages: 18
1 18 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 146/1/7S FRIDAY, JULY 27,1979 50 CENTS
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  • BRIEFLY...
    • 37 1 TWENTY-THREE contractors were blacklisted by the Public Works Department for shoddy workmanship. They will be barred from bidding for future tenders because of their failure to complete work on time and for their unsatisfactory performance.
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    • 67 1 Reuter NEW DELHI, Thurs. Mr Charan Singh, 76, was called on today to form a new government and end India's political crisis. President Sanjiva Reddy summoned him to the presidential palace and asked him to succeed outgoing Premier Morarji Desai. Mr Singh expects to name his government on
      Reuter  -  67 words
    • 57 1 Reuter. BEIJING, Thurs. Chinese Vice-Premier Geng Biao today repeated a warning that China would have to teach Vietnam another lesson if the Hanoi authorities did not halt their border violations. Mr Geng, the Communist Party Politburo's foreign affairs specialist, made the comment at a meeting with a delegation
      Reuter.  -  57 words
    • 78 1 AFP BANGKOK, Thurs. A Thai delegation led by Interior Minister Lek Naewmalee will visit Laos in mid-August at the invitation of Lao Premier Kaysone Phomvihane, Thai Deputy Foreign Minister Arun Panupongse disclosed today. Mr. Arun, who will be in the delegation, said discussions would cover ways and means
      AFP  -  78 words
    • 77 1 AFP BEIJING, Thurs. Hundreds of unemployed youths demonstrated at the beginning of this month in Shanghai where there are an estimated 400,000 young people out of work, a foreign source reported today. Eyewitnesses said that between 200 and 400 youths demonstrated for three successive days on the bund
      AFP  -  77 words
    • 64 1 Reuter. HONGKONG, Thurs.— Hongkong is* to enforce tougher immigration laws in a new bid to stem the influx of illegal Chinese immigrants and Vietnamese refugees. A draft Bill published today proposes maximum penalties of a HKJS million (552.5 million) fine and life imprisonment for any person found guilty
      Reuter.  -  64 words
    • 63 1 UPI. NEW YORK, Thurs. The stock market struggled for direction early today in moderately active trading. The Dow Jones industrial average, up 9.73 points on Wednesday, was off 1.70 points to 837.79 in early trading. Wednesday's gain was the best in three weeks. Advances led declines, 521 to
      UPI.  -  63 words
  • 134 1 Rises Indices Malayan Tin 1730 60 M Glaaa 210 15 Jul 25 Jul 26 Tronoh Mines 920 10 B.T.Index: 2251.21 2233.70 Rahman Hyd M T C Spore Glass O U E 420 10 Industrials: 381.21 381.44 408 245 290 8 7 6 5 Finance: Hotels: 690.46 689.84
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  • Article, Illustration
    145 1 Rises Indices Minsee 448 40 Jul 25 Jul 26 M Banking 665 10 B.T.Index: 3222.04 3236.66 Petaling 970 10 Industrials: 406.92 406.05 M Glass 207 +09 Finance: 613.20 589.21 UIC 296 08 Hotels: 254.38 254.09 K Kampar 316 06 Properties: ***** 234.59 JC-MPH 130 +06 Tins: 206.22 207.21
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  • 654 1  -  REVAMPED LOANS POLICY By COLIN CHEE COMMERCIAL banks here will soon find themselves competing for deposits and loans with the local branch of the Bank of China, which is upgrading its banking operations. Since the beginning of this year, the branch has taken a
    654 words
  • 271 1 IF THE optimism of the directors of City Developments crystallises, the company will see its group profit for the year ending October 31, 1979 surpassing those of the bonanza years of 1972 and 1973. For the half-year ended April 30, 1979 it reported a group pre-tax
    271 words
  • 639 1  -  By KSUNG BEE HWA STRONG export orders including sizeable amounts to China have caused the world's largest producer of gas and oil drilling equipment to pump another $13 million into its Singapore operations. This brings total investment by the US-based Hughes Tool
    639 words
  • 165 1 AP ANOTHER big spurt in the cost of energy and housing raised consumer prices in the United States one per cent in June as inflation continued to rage above a 13 per cent annual rate. Soaring priie increases for petrol and heating fuel and a slight
    AP  -  165 words
  • 289 1 HWA Htig Man afar taring ompan> the WMti Ann U make a public lane this year, commanded better tbaa expected premising la a generally doll Stack Exchange af Slngnpare yesterday. It apeaed at tl-S aad was dm to tIJ4 alter •aly a baadtal
    289 words
  • 503 1  -  By JOHN LIM THERE appears to be little hope that the present diesel shortage in Singapore will improve much, although oil companies have assured that they will provide adequate supplies to stations. Most oil companies yesterday said they are already doing their
    503 words
  • Page 1 Advertisements
    • 28 1 -OLi L 7 SAFE WITH AN ITOKI SAFE BUSIfICSS MACHMCS SYSTEMS (S)PTE. HO 47 ttexJiym otOCk GOHJ*'U Pl« 2« NOWSOO Ro*J Singapore 11 T>i 252'5944 Cat* BUSNESTEMS Singapore
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    • 331 1 HOW TO AVERAGE ALMOST 30 PER CENT CAPITAL GAIN FROM THE STOCK MARKET YEAR AFTER YEAR. Since April '975 we have been publishing each week the appropriate buy and sell prices tor a wide range of leading slocks These prices are determined by a computer based program known as ACTIONTIMER
      331 words
    • 69 1 See Leader...Page f SHIPPING TIMES SUMIDEN to invest mere here.. I SWEDISH bank to open here I CARTER hits ont at oil 10bby.... 5 STOCK market report II IMMIGRANT tow that is divtd- SINGAPURA Building Society tog Frenchmen C goodies 11 Capitalist answer to socialist ADVERTISING companies to 50ciety...................................... 7
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    • 155 1 Canon DIR-D IHCTMOMC CMCWAIO* W Wm A "Main Ml Papar" Printing/Display CakwMor Thai Flit In Vanr Hand Lvil Wayfoong MAF is outside the CBD. and it's computerised for better efficiency To make the most of your savings. you need a hand. A helping hand when you need it most: V&yfbong
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  • TRADE AND INDUSTRY
    • 479 2 COURSES AND TALKS April 30-Aug 24: Tuition Courses for the Australian Insurance Institute Associateship, SITC, SITC June 22-Aug 18: Systematic training for effective parenting, Waterloo Street Centre, Dept of Extramural Studies July 26-27: An Engineer's Guide to Costing, Hyatt Hotel, Price Waterhouse Associates Aug 13-27: Managing People At
      479 words
    • 144 2 THE millionth car 1b the Mercedes-Bens i 123 range, a 28IE (ibive), recently came I off the Slndelflngen assembly line. The i 289E is the top msdel In the nppermedlnm category sf the range. Since It was tint Introduced In Jans- I ary 1171, this range of
      144 words
    • 319 2 TEXCHEM Singapore, a trading company dealing in textile dyestuffs and industrial chemicals is to diversify into genera] merchandising and machine maintainence. The company, a whollyowned subsidiary of the Malaysian-based Texchem group, also plans to export its products to the other Asean countries. The firm is the
      319 words
    • 96 2 ASEAN and the US exchanged notes on four projects for cooperation in Bali early this month. The project on Asean Fellowships on Economic Research, tenable at the Institute of South-east Asian Studies (ISEAS), Singapore, was signed by US Secretary of State Cyrus Vance and Minister of Foreign Affairs
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    • 384 2  -  By CHOO AI LENG SUMIDEN Singapore, the largest manufacturer of enamelled magnet wires In South-east Asia will invest a further (3.7 million in production capacity in December. This will be the company's third phase of expansion, bringing its investment in the Republic to a
      384 words
    • 110 2 PRIVATE Investment Company for Asia (PICA) SA announced the official opening of its new representative office in Bangkok yesterday. PICA, a private multinational development finance institution, has over 200 corporate shareholders worldwide. Its investments in Thailand total US$6.2 million (5513.64 million). These include companies such
      110 words
    • 168 2 EUROPEAN Standard Electronics (ESE) has concluded an agreement with the Singapore Industrial Labour Organisation to implement in full the 1979 National Wages Council's recommendations. This is the third successive year that ESE has adopted in full the NWC recommendations. With the signing of
      168 words
    • 368 2 A HIGH level trade mission from Belgium will arrive in Kuala Lumpur at the end of the year to explore the possibilities for increased trade with Malaysia. According to the Belgian Ambassador to Malaysia, Mr Jean Trine, the mission hopes to sell more Belgian
      368 words
    • 133 2 THE CURRENT US economic recession will not seriously affect the rubber, tin and palm oil industries, an official of the US Embassy in Kuala Lumpur said. There appears to be a strong demand for tin, rubber and palm oil, he added. He believed the demand
      133 words
    • 246 2 BRANIFF International has purchased a Boeing 747 SP for future use on the Singapore-Los Angeles service to be inaugurated on Oct 30. The ultra-long version of the wide-bodied aircraft cost the airline U5555.5 million and is due for delivery in September
      246 words
    • 229 2 CHASE Manhattan Bank NA has promoted Mr Chan Wing (Throng to second vice president. Mr Chan, an associate member of the Institute of Bankers, London, joined Chase as an accounting supervisor in 1972. In 1975, he was promoted assistant manager in charge of the accounting and reports
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  • Page 2 Advertisements
    • 333 2 vs 4^ THE BANK OF CANTON, LIMITED (Incorporated in Hong Kong on 21st February 1912) BALANCE SHEET AS OF DECEMBER 31ST f 1978 ASSETS CASH ON HAND AND BALANCES WITH OTHER BANKS TREASURY BILLS AND GOVERNMENT SECURITIES ADVANCES TO CUSTOMERS Less Specific Reserve for Bod ond Doubtful Debts BILLS RECEIVABLE
      333 words

  • REGIONAL
    • 699 3 TIMBER businessmen from Peninsular Malaysia and Sabah have taken the first important step towards industrial collaboration in an effort to overcome the problems affecting the industry. At a meeting in Kuala Lumpur chaired by Mr Paul Leong, the Minister of Primary Industries,
      699 words
    • 343 3 AFP TIN miners in Malaysia have expressld dissatisfation with the new tin price range set by the International Tin Council (ITC) in London last week. The ITC last Friday raised its buffer stock operating price range to M 51,500 (floor) M 51,950 (ceiling)
      AFP  -  343 words
    • 175 3 AFP TEXTILE trade talks between Hongkong and the United States under provisions of their current fiveyear bilateral pact are expected to resume in October following initial discussions in Manila last weekend. The reason for the USinitiated talks is not officially given but
      AFP  -  175 words
    • 369 3 AFP, AP. INDONESIA, the world's fifth biggest coffee exporter, yesterday began issuing coffee export permits, ending a three-week ban on new export licenses imposed last July 5. The Ministry of Trade announced on Wednesday that the ban, issued mainly to redress sharp upswings in
      AFP,; AP.  -  369 words
    • 132 3 AP JAPANESE Prime Minister Mmy«ki Ohira approved m Wedaetday the ontliae nf seven-year ecNwnlc programme envisaging Japanese economic growth at an average f per eent a year despite eil impart controls. An effleial nf the Economie Planning Agency said the economic programme, starting this year, is ta
      AP  -  132 words
    • 271 3 A VERSATILE skid steer loader, which can turn in its own length, has been released by an Australian company, Domino Industries. The skid loader transmission has* two axial-piston pumps mounted in tandem on the flywheel housing. One pump is connected to an axial piston motor for
      271 words
  • Page 3 Advertisements
    • 94 3 The Omega Ladies Quartz <7 dL, vA*' <sr v. .-.x v.* 11W» J" 9 Y > r A perfect blend of modern technology and the watch maker's art. Q OMEGA 999 I k LAtt RAX) WO OmOAl OiVMPK Omega Jewellery: Left to right: BA 891 *****, BA 891 8883 A,
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  • RAW MATERIALS
    • 170 4 WHEAT futures on the Chicago Board of Trade < closed down 112l 1 2 to 3% US cents a bushel in trading 1 marked by heavy liquida- < tion and scattered late commercial hedging. Prices earlier managed small gains in most contracts in quiet trade. Traders said local and
      170 words
    • 194 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown I Cattao yara: China Blue Phoenix 20s 2.270 32s 2.800 40s 3.020 per bale of 400 lbs). Piece gaads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq. Flower and
      194 words
    • 63 4 Shipments of Straits refined tin from Penang for the period July 1-15, 1979:THIS PERIOD Jan June DESTIN ATION Shipped Afloat Shipped tonnes tonnes tonnes UK options 70.00 Africa Australasia Canada Continent 958.00 310.00 India 175.00 Japan 708.00 284.00 West Asia Pacific 80.00 10.00 Singapore 23.00 S. America United
      63 words
    • 366 4 THE GENERAL tendency 1 on the Singapore produce market yesterday was weak 1 in the absence of any buying I interest from overseas. Trading was mainly report- ed between local dealers, 1 with small quantities of cer- tain commodities sold to neighbouring countries on consumer account. 1 Coffee
      366 words
    • 164 4 CHICAGO soybean futures on Wednesday closed 19 h to four US cents a bushel lower after a session Of commercial and local selling. Growing trader concern over the continuing strike by Chicago grain trimmers, coupled with recent rains in soybean-growing areas, prompted the day's heavy selling, traders said. Analysts
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    • 71 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated LONDON: Wed Previous Malaysian 5%ffa bulk per tonne September 672slr 67Vslr Sumatra 5% ffa bulk July 690pd 687 sir August 685slr/ 678pd 690slr September 682 i sir/ 685pd 680pd October 682 sir/ 680pd 690slr November 675pd
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    • 59 4 THE STRAITS tin price in Penang yesterday eased another Mss to $1,92* a pienl. The easier tone reflected the continued weakness on the London Metal Exchange and lack of support, dealers said. Total volume of tin concentrates fell further to 1(1 tonnes from 176 tonnes on Wednesday, and
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    • 343 4 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop O.K. 100 per cent second 0 85. 100 per cent third class 0 80. 25 per cent new crop no stock. B-10 per cent O.TO. THAI BROKEN: A-super 0 62.
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    • 349 4 THE Singapore rubber market yesterday closed slightly lower with August One RSS buyers quoted at 292.75 cents per kilo, down 0.50 cent from Wednesday's close, dealers said. Morning prures were marked down about 2.25 cents on lower London advices, upcountry selling and freer nearby offerings, they said. Afternoon values
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    • 435 4 R A S prices in cents per kilo yesterday Close Noon (per kilo) (per kilo) Buyers Sellers Buyers Sellers lilt 1 R.S.S prompt f.o.b. 294 00 296 OON 295 50 296 50N Int. 1 R.S.S. August 291.50 292 00 292 75 293 25 tot 1 R.S.S September *****
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    • 132 4 NOON SSR and >MR pm vniHit HAS Auf»l September iCurreat Mihi (Forward Mih Huvfn Seller* Bayer* Seller* SSR 20 11 ton pallet* 279 00N 281 00N ***** 281 00 N SSR 50 <1M pallet i 276 00 27* 00N rson 278 00N MRU B SMR CV 11
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    • 32 4 Rubber: July 26 Singapore: August: 292.75 cents i (down 0.50 cent) Malaysia: August: 293.00 cents (down 0.50 cent) Tin: M$ 1,920 (down $5) Official offering: 160 tonnes (down 16 tonnes)
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    • 186 4 THE SUGAR futures market yesterday closed firmer with no trades registered as on Wednesday, dealers said. September closed at 8.45' 50 US cents against Wednesday's 8.25 30 close, October at 8.73 80 against 8.55 60 and July at 10.55 60 against 10.35 40 cents. Cotton trading continued quiet
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    • 733 4 SUGAR: Raw sugar futures yesterday ended the opening call £0.70 to £0.25 per tonne down. Turnover totalled 399 lots. The market opened quiet and prices tended to drift lower although dealers said that considering strength of sterling the performance was fairly constructive. White sugar futures opened £0.40 to
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  • ASIAN STOCKS
    • 551 4 Tokyo Source: DBS-Daiwa THE market was inactive yesterday, since investors remained on the sidelines on the last trading day for delivery this month. Forerunning resourcesrelated issues and high-quality stbcks gradually weakened on profit-taking. However, some small-and medium-sized incentive-backed issues such as Hokuetsu Paper. Yashika and
      Source: DBS-Daiwa  -  551 words
    • 254 4 Sydney JULY 26 Cent* INDUSTRIALS A. C. 1 188 I A. N. I. 110 uncti A P M 126 AlTipOl P(t B H P. Bulk NSW Bormi Brambles C. B A C. S R W 910 no 220 175 243 MS -e 2 -J S .♦2 Coal
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    • 257 4 JULY 26 HK$" Amil Rubber 3 90B unch Associated Hotels 3.15 0.075 Bo waters Cheong Kong 13-30 -0.1 China Engs 425 0.025 China Light 21 20 unch City Hotel! City Urban Comsopol 178S 4-0.04 Cross Harb Tunnel 9 00B East Asia Navlg 610 0 06 Far East Exch Phllex
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    • 207 4 JULY 28 Bah Us 4-/-Asia Credit 240 2 Asia Fibre 200 3 Ayuthuya Inv J And Ttust 142 Bangkok e Investment 224 Bangkok Bank 352 6 Bangkok Drying 370 unch Rllrt Bangkok Insurance Bangkok Metropolitan Ban 560 -4 Bangkok Nylon Bank Of Asia n 185 3 Bank Of Ayudhaya
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    • 98 4 JULY 28 Pesos Acoje Mininf 0078 -0 0002 Atlas Con A Atlas Con B 1800 unch Bifulo Gold 0064 -0.0002 Benruet Con B 24 JO OJ or uooaricn ibuu uncn CDCP 1500 unch Inco B LandoU Lepanlo B 1550 -0.015 Marinduqut B 8.15 unch Meralco 17.20 -OJ Oriental A
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    • 68 4 FINANCIAL TIMES INDUSTRIALS Wednesday 464.4 Tuesday 467.0 Week Ago 478.0 DOW JONES AVERAGE INDUSTRIALS Wednesday y 839.51 Tuesday 829.78 Week ago 828 50 LONDON DOLLAR PREMIUM Wednesday 19' < to 20 Tuesday 19 1 to IS 1 H.K.HANG SENG Thursday.. 600.21 Wednesday 594.80 Week ago 55*7 83 SYDNEY
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  • Page 4 Advertisements
    • 199 4 SINGAPORE MCCR 93/1/79 VOL 3 NO 7 6* JUL* W79 PRCE $300 "W» y +i V. SY x M fjCs H t j s"pp le r frm e Cow The tremendous rate of growth in the Asean region has generated a strong demand for computers which will continue to grow
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  • OVERSEAS
    • 345 5 AFP THE FRENCH government yesterday announced drastic measures to meet an expected 24,000 million francs (about Ssl.3 million social security system deficit over the coming 18 months. A plan presented to a cabinet meeting by Mr Jacques Barrot, the new Minister for Health and
      AFP  -  345 words
    • WORLD IN BRIEF
      • 319 5 Agencies. SOUTH Africa can expect a 1979 growth rate closer to three per cent rather than the four per cent hoped for. unless inflation can be greatly curbed. Minister of Industrial Affairs and Trade and Consumer Affairs Schalk Van Der Merwe said. Addressing a combined private
        Agencies.  -  319 words
    • 242 5 Reuter THE BRITISH Post Office reported pre-tax profits of £375.1 million (511.84 billion) in the year ended March 31, up from £367.7 million in 1977 78, chairman William Barlow said in the annual report. He said invididual business contributions included telecommunications £3f7.1 million against
      Reuter  -  242 words
    • 106 5 UPI THE Nicaraguan junta has nationalised all private banks, placed restrictions on foreign bank operations and said it would not pay back a US$5 million (SSII million) debt to Israel and Argentina, because those countries supplied arms to deposed President Anastasio Somoza. The five-member revolutionary junta
      UPI  -  106 words
    • 630 5 Reuter PRESIDENT Carter attacked "the oil lobby", criticised Congress and said he has "no apology to make" for his cabinet purge. His performance gave the nation a taste of his new fighting style, earlier this week. He ridiculed Senator Henry Jackson's suggestion
      Reuter  -  630 words
    • 317 5 UPI MR Paul Volcker, President Carter's choice to head the Federal Reserve Board, pledged he would devise a new monetary policy to fight inflation at home and support the dollar abroad. "We are not going to deal with these problems without some sense of a restoration of stability,"
      UPI  -  317 words
    • 530 5 AFP EAST European countries may have to turn increasingly to the Middle East for crude oil as from next year, because Soviet output is falling short of previously projected levels, experts said. According to the latest Soviet production figures, released by the
      AFP  -  530 words
    • 210 5 Reuter A CONFERENCE of more than 100 potential aid donors learned war-ravaged Uganda faces a four billion shilling (511.3 billion) foreign exchange deficit in the next six months. A report by Commonwealth experts commissioned by the government said Uganda would need six billion shillings for imports, debt servicing
      Reuter  -  210 words
    • 208 5 Reuter MANY of the top oil companies, including giants such as Exxon and Shell, reported soaring profits since the beginning of the current US oil shortage. The profits, from April 1 to June 30, are mostly due to crude oil price rises, following rate increases
      Reuter  -  208 words
    • 66 5 AFP UNION representatives of the 22,000 executives of UK's Imperial Chemical Industries yesterday announced a one-day strike on Aug. 7, after refusing a company offer of an 8.5 per cent wage increase. The officials called the offer from the largest British industrial company, "derisory." The firm's
      AFP  -  66 words
    • 186 5 Reuter ABOUND US$l5 to t» billion (Ss33 to $44 Mlltoa) of Uir Arab countries' $4* Milton oil surplus this year will be invested ibrud, Abdul Gkanl AtDalil, advisor to the Baaqne Arabe Et Internationale EFlavestisseroeat told an Arab banking con ference be re* He
      Reuter  -  186 words
    • 119 5 SENIOR monetary experts from 10 non-communist industrial countries opened a two-day meeting in Tokyo with economic, trad* and monetary implications of recent oil price hikes high on the agenda. Attending the meeting at the Tokyo Prince Hotel were monetary officials from Britain, Canada, France, Italy,
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    • 817 5 ARRIVALS Service Local Operator Number Time From PAL PR501 1135 MNL SIA SQ63 1155 MNL GIA GA982 1200 HLP SN SN287 1200 BRU 'DXB BKK SIA SQ240 1210 MES MAS iviriocr# 1245 KCH SIA SQ201 1245 HLP KLM KL833 1300 AMS ATH/ KHI CMB THAI TG413 1310
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  • Page 5 Advertisements
    • 300 5 We have a history of making jt* money grow Lombard North Central is part of W j one of the world's largest banking iMSrf groups and we have a history whicHHpfg 3 covers more than 100 years. w'■ We offer a range of deposit fjl schemes which will produce maximum
      300 words
    • 110 5 You don't have to go to China to taste TSINGTAO BEER The rich, smooth taste of Tsingtao beer is sure quenching the thirst of a lot of people these days. And the reason is sober enough Tsingtao is brewed from the clear mineral waters of Mt Laoshan together with the
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  • 445 6 THE SHAPE of tomorrow's economy is here today for those perceptive enough to see it. Those who want to know the shape and form of the new industrial society need look no further than at two recent developments. The first is Hughes Tool Co's
    445 words
  • 242 6 THERE is little doubt that the new Jimmy Carter is but an image. After the theatrics of his energy speech and his Cabinet changes, what was needed was a clear new policy with concise measures designed specifically to tackle the twin problems of a rising inflation
    242 words
  • 918 6  -  JACK GEE reports on the Stoleru Law which is dividing Frenchmen. It is designed to reduce the number of immigrant workers in French industry, but its fiercest opponents think it raises the spectre of the wartime Vichy Government and internment camps for aliens. JACK GEE
    FT  -  918 words
  • 901 6  -  From Paris, NORRIS WILLATT reports a revolution is at hand. Although it may not lead to another Bastille performance the average Frenchman is indignant over the rapidly soaring prices of bread. NORRIS WILLATT FT TO THE French nothing is more important than
    FT  -  901 words
  • Page 6 Advertisements
    • 235 6 .A 1 fJ Fl= THE FIRST INTERNATIONAL RUBBER AND PLASTICS EXHIBITION FOR ASIA WORLD TRADE CENTRE, SINGAPORE. 26-30 MAY 1980. A 3U Every year, thousands of new rubber and plastic products enter the market Whether tor use in industry or the home, every product reflects some new development in engineering
      235 words
  • Page 6 Miscellaneous
    • 1416 6 Watch the little box DONT tetter abaat going •at to dinner er to tee a film tealght. sta v at heme, nve petrel er tfesei, aveM traffic Jems end rainstorms, aid settle down to a nice, ceey TV dinner witk the March family. Yen really should try to watch Family
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  • 697 7  -  By KIRSTEN LUNDBERG UPI SOCIALIST Sweden's biggest exporter thinks capitalism is the key to the country's success. "One has to separate the citizens' economy and the corporate policy of the nation," said Pehr Gyllenhammar, 44-year-old president of Volvo. And there is a paradox between
    UPI  -  697 words
  • 1024 7  -  By DILIP MUKERJEE Depthnews INDIA is sitting on a huge stockpile of foodgrain, sufficient it is claimed to tide over three years of bad weather. Official spokesmen cite this accumulation as proof of a breakthrough on the farm front after many years of ship-to-mouth
    Depthnews  -  1,024 words
  • 230 7  -  Letter to the Editor Ho Beng Huat Dear Sir, I REFER to your report on advertisements at the airport (Business Times, 20 July 79). May I clarify a few points. The 80 per cent pictorial content condition is contained in the contract with the DCA's advertising
    230 words
  • 949 7  -  FORUM With QUEK PECK LIM SINGAPOREANS revel in statistics of any size, shape and form. Here are some that might make interesting reading. Banks have been operating in the Republic for nearly three quarters of a century, finance companies for more than 25 years
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  • Page 7 Advertisements
    • 272 7 m t CAN A SUPERB PRESTIGE CAR ALSO OFFER SUPERB VALUE? f FORD GRANADA 2.8 GHIA At last there is a true prestige car that does more than merely look the part Behind the classic and timeless European styling are luxury and engineering features offered only by cars that are
      272 words
  • Page 7 Miscellaneous
    • 40 7 BllStoW':l^ai^cJ>ickas cpim you ftUL US P*OOJT C«?OL CMES"SE.CUST£N .VOOMG SiRS DCt*'T mCDDI£. coiTM TMC PRST n/OONG mp*sie(? eccoi >s FRf? Pwjs^PlY RND Best FcfiGOTreM cp»CXL£.' c«c<Le' IT'LL BC Li<C TMC GOOD OLD DP>yS PiLL OV£R 'im Jl«_, eu-r uc-s bpoc
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 282 8 JULY 25 Frs CORBEILLE Air Liquid* 406 J B S N Gervals Danon« 625 -4 CSF (Thomson Cs() 370 4 Cie Francalse des Petroles 194 50 7 Compagnte Finandere Compagnte Generale 345 90 -3.1 Credit Foncler De France 480 50 0.5 Hachette (II bralrle >. 215.50 2.1 Machines Bull
        282 words
      • 187 8 JULY 25 FU ABN 337 JO 1 Ahold 88 00 -1 Akso 27 50 >0.4 AMEV X 91.00 0J Am fas Ill 00 -0.5 Amrot Bank 71 JO unch Berfon 57 JO -05 Berk 94 70 H4 Bolt 63 20 -03 Borsumij ***** 0J Burhmann 0150 0.2 Byenkorf ttJO
        187 words
      • 196 8 JULY 25 Dm 4-/-Aef-Telefunken OOB Akxo 25.00 Alii Leben 750.00 unc h Alls Vera 447 00 -1 BASF 1*70 unch Bay H T Wbank 245 40 -1.1 Bay Vtoank 286 OOB Bayer 127 JO -07 BBC «P«i i.5 BMW 187.00 Caaaella ***** Chetn Verw 247.00 Commenbank 195.40 Contl Oumml
        196 words
      • 92 8 JULY 25 Fn FORWARD MARKET Acec 403 -4 Arh»*1 2006 10 Astur 560 •10 Brm*can 578 -18 Bra-Lamb 1800 unch Canpae 796 -4 Cock 470 -3 De Beers 248 -5. Ebes 2180 >10 Electrobel 6290 -310 Gb-Inno-Bm 2600 5 Gev 1178 -22 Hobok 2796 >45 Petro 5110 >80 Ryl
        92 words
      • 95 8 Ante Aiaoe Gen 15.50 mi -0-5 Btilogl Central* 7M vwn -14 -129 Flat 2520 5 Flnstder Ocn I m mob 145 81 -2 IP! Prt 2401 -14 Italcemenu Italfas ***** 775 -290 ♦15 Italslder 383 .1 Macneu M Pf 585-50 4.5 Mareiu Ere m -14.25 ■Shim ***** ***** -180
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      • 133 8 EASTMAN Kodak has reported second quarter earnings of U*****.7 million, up from $191.8 million a year earlier, and sales of $1.80 billion, up from $1.57 billion. For the first half, earnings were $420.2 million, up from $332.8 million, and sales were $3.45 billion, up from $2.95 billion.
        133 words
      • 198 8 JULY 25 C8 AKItlKI 18* A Iran 39* Alfomt 27* Bank Mont 24 Vj Bank Nova Scotia Bel) Tel 21* •f Beth Corp BP Cmn Ltd Z 28* .14 Brascan 22* Camp Red Lake 22 Can Imp Bk 27* r«np*r 31* Canpac Inv Pf If* B unch Carllnc OKeefe
        198 words
      • 321 8 JULY 25 Rand INDUSTRIALS A Alpha ISA unch Abercom 233 unch AE An<l CI 435 unch a Mir 1500 25 Barlows 500 -5 Cf Sueur 040 250 Currte Finance *7 *1 De Beer* Ind ***** unch Edcon 325 -5 Edgars 4000 Eveready Fed Vols ZZ 200 .3 Fuflt 120
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  • Page 8 Advertisements
    • 238 8 Where to wine, dine and entertain Come, 'sample' an experience! DOLPHIN CAFETERIA World A Trade Centgj* you miss itfcz i A w—, Delectable local dishes and Western lunches set in daintily stylish Scandinavian decor. Popular SELF-SERVICE lunch daily. From 10.30 am to 3.00pm and snacks from 3.00pm spm You ve
      238 words
    • 134 8 For lunch. For dinner. For a richly rewarding experience. AJs<> Businessmen s Lunch Monday to Friday SIS 3'V. CF.SS Lnvme-e Rnstafei Saturday Sunday 51b W. CF.SS i For reservations call 7 "v7 l >b77 C t*illm*A l'nrk Slktiiloii > 4; I II (JO'S LI NCI II SIDEBOARD Sri m w«>w
      134 words
    • 149 8 See Page 4 for Asian stock* e See Page 9 for NYSE stocks Siamese Seafood *v f j-iif p it^otrl /iii x Everyday is a big house affair for us Because each dav is another new opportunity to perfect our service to you Service by which you remember us Savoury
      149 words
    • 133 8 mz ywf < Take a new look at the Harbour Grill. Treat yourself and your business associates to an excellent lunch selected from our superb offering of choice (JS prime beef, our daily Nouvelle Cuisine specialities or let our executive Chef. Leo Waldemeier help you pick a menu that will
      133 words
    • 192 8 IM THE RIGHT UGHT DRINK FOR A SERIOUS LUNCH Cool, refreshing, lifts you up. Pink, light, doesn 't knock you down. Only discerning palates can acquire this new taste sensation. Campari Tonic Campari Soda Campari 7UP Campari Orange Campari You Sole Agent FOOD BEVERAGE (PTE) LTD Vk Have A Great
      192 words

  • BANKING AND FINANCE
    • 368 9  -  By RUTH CHENG THE LARGEST privatelyowned commercial bank in Scandinavia, Skandinaviska Enskilda Banken. is establishing a wholly-owned merchant bank in Singapore sometime in the later part of this year. The Swedish bank currently maintains a joint representative office here with Scandinavian Bank Limited. The
      368 words
    • 140 9 AFP THE PHILIPPINES "will invest in the Arab-Asia Bank to be based in Bahrain, about 10 per cent of its paidup capital of U5522.6 million. The Manila Journal said the Development Bank of the Philippines, the Philippine National Bank and the Land Bank of the
      AFP  -  140 words
    • 114 9 Reuter JAPANESE bankers welcomed the nomination of Mr Paul Volcker as US Federal Reserve Board chairman and saw it as a move that would help curb American inflation and strengthen the dollar. A senior Bank of Japan official said Mr Volcker's views favouring a
      Reuter  -  114 words
    • 937 9 NYT IN NAMING Mr Paul Volcker as the new chairman of the Federal Reserve Board, President Carter has put a strong and independentminded Conservative in charge of the United States' monetary policy at a time of grave anxieties over the American economy and the dollar. Mr Volcker's
      NYT  -  937 words
    • 1209 9 NEW YORK POSITIVE investor response to the nomination of Mr Paul Volcker as chairman of the Federal Reserve and some bullish corporate news pushed the stock market broadly and sharply higher in active trading on Wednesday. The Dow Jones industrial average climbed 9.73 points to 839.51, its best
      1,209 words
    • MONEY AND EXCHANGE$
      • 295 9 GOLD futures in Singapore yesterday closed firmer compared with overnight levels in moderately active trading, dealers said. Opening quotations were marked up slightly and thereafter gained further ground on some short-cover-ing with some reaction to President Carter's speech on the us economy, they said. Turnover rose to 389 lots
        295 words
      • 507 9 THE US dollar was generally stronger yesterday, especially after Europe came in. Dealers suspected that it was due to strong support from the central banks. Not much movement was registered in sterling, though it managed to close slightly firmer against the dollar. Opening at 1.8080,90 against the mark,
        507 words
      • 192 9 THE US dollar yesterday ruled steady against the major currencies in late trading here on Federal Reserve intervention, dealers said. The market sentiment continued bearish on the Carter speech in which the us president virtually ruled out foreign exchange and capital controls in support of the dollar. Trading was
        192 words
      • 198 9 Asian rates ASIAN currency deposit interbank rates as at close on July 26: 7 days 1 month 2 months 3 months 6 months 9 months 12 months US Dollars(Spot) Offer Bid 10 15/10 10 13/10 111/10 1015/10 11 U J 113/10 11 1/10 11'. 11'. 10 15/10 10 13/10 10i
        198 words
      • 51 9 RANGE o< prices offered by discount houses on July 36. Overnight 4H'/i Call deposits 4M r V Clotiaf Buying Selling 3 month Treasury bills 4''» 4' 3 month Bank bills 711/16 7 9/16 3 month CD 75/16 7 3/16 6 month CD 7'j 7 3 Source: National Discount Co
        51 words
      • 21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8.25 per cent.
        21 words
      • 60 9 THE US dollar for overnight delivery yesterday closed easier at 214.35 yen, compared with a 215.00 opening and 214.75 at Wednesday's close. Trading was moderate with volume US$6O6 million. The dollar rose to a high of 215.10 yen in early trading. reflecting its overnight strength in New York on
        60 words
      • 341 9 THE dollar opened sharply weaker in London yesterday following the overnight trend in the Far East as markets reacted unfavourably to President Carter's statements on the US economy, dealers said. Sterling was boosted by the dollar's weakness, opening at $2.3295 3305 against Wednesday's close of 2.3196 3208. Its effective
        341 words
  • Page 9 Advertisements
    • 886 9 BANK OF INDIA (Constituted in India) BALANCE SHEET AS AT 31ST DECEMBER. 1978 CAPITAL LIABILITIES PAID-UP CAPITAL: (Wholly owned by Government of India): Reserve Fund and Other Reserves: Deposits and Other Accounts: Borrowings from other Banking Companies, agents, etc: Bills Payable: Bills for collection being Bills Receivable as per Contra:
      886 words

  • 1140 10 In Singapore 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 units unless otherwise specified. All Time Settlement Contracts are quoted
    1,140 words
  • 156 10 S pore Growth Fund 108 1 13 SINGAPORE I'NIT TBI'ST INCOME BOND I'NIT 1" —d print ihrMH) (Curat pr kM) 1.U The Commerce 2 02 114 Income Bond 1.16 The Saving Fund 1.33 1.41 S pore Prog Fund OM 099 S pore Sec Fund l.W 1.87 MABA Bl
    156 words
  • 2547 10 Gr's Gr's Net 1 1979 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- Cvr (OOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 261 207 Acma 228 2 15.0 2.2 65 11 6 1 228 228 190* 123* Alcom 173 10.0 1.3 5.7 23.0
    2,547 words
  • 172 10 4 1/2% 1/8/80 (250,000) (99.588 90.068) 4 3/4% 18/9/80 (290,000) (99 868 99.755) 5 3/4% 1/8/78-80 (290.000) (100.758 100.85S) 5 3/4% 1/9/79-81 (250.000) (100.588) 5 1/4% 1/3/81 (250.000) (100 JOB 100 JOS) 5% 15/4/81 (250.000) (***** 99.758) 5% T F 1/8/83 (250,000) (100.058 100.15S) 5 3/4% T F
    172 words
  • 85 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday. the period, bids and offered prices,and business done, if any, with the number of options traded shown in brackets. Haw Par (Sept $1.20) (0.268 0.345). laeheape (Sept $1.50) (0.368 0.445) Paa Efectrie (Sept 1.15(
    85 words
  • 1420 10 BID and alter pricea officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise sped tied INDUSTRIALS (2.858) Una (1758 1 SOS) Aki M (1.325) cd A
    1,420 words
  • 152 10 Siagapare Glass (1914) Ltd: AGM to be held at Pine Court 1 of Mandarin Hotel, Orchard Road, Singapore, at 12.30pm today, July 71. SPP Ltd: AGM to be held at 315, Alexandra Road, Singapore at 10.00am on Aug 14. Treaggaai Develapmeat aid Maaageaeat Bid: AGM to be held
    152 words
  • 673 10 IN a getwrkere market, Hwa Hong cmmmM 8 be tter-t ban-expected premium n Its 4eM at the Stack Exchange sf aigaptrt yesterday. Fran a law of $1.34, the newcomer was taken past the $I.4B4evei on specalatlve support. At the epealag
    673 words
  • 556 10 THE Kuala Lumpur stock market plodded through another dull session to close narrowly mixed yesterday. Volume was again slack, suggesting that traders were contented to sit out the day in view of the generally bleak economic news background. A dealer said the lack
    556 words

  • COMPANY NEWS
    • 602 11 STOCKBROKER Fraser and Co has forecast group pre-tax earnings of $71.9 million for Development Bank of Singapore for the current year ending Dec 31 1979. For the bank, Fraser expects pre-tax profit of $62.4 million. This would represent a growth rate of 34 per
      602 words
    • 228 11 THE FORECAST of £St million profit for lfJt made by Guthrie Corporation when it successfully fended off the takeover bid by Sime Darby Holdings earlier this year may be missed because of the rise in sterling. Hie effect on forecast group profit would be over 9 per cent
      228 words
    • 284 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year FAN 18% Jul 10 Jul 17 Jul 27 26% 22% D Baby 10% Jun 19 Jun 29 Jul 26 10% 7.5% PMC 5%(n) Jun 28 Jul 10 Jul 26 10% 15% Grand
      284 words
    • 108 11 Company Particulars Ex Date Books Close Yeo Hiap Seng Spore Glass B Semb NSOP Hong Leong Bonus Issue of 1 for 3 Rights Issue of 1 for 3 fe $2-25 per share Bonus Issue of 1 for 5 Bonus Issue of 3 for 1 Bonus Issue of 3
      108 words
    • 807 11  -  BIG BANKS INTERESTED By ANTHONY TAN THE SUDDEN rise in the share price of Singapura Building Society (SBS) last week sparked off a stream of interesting speculations which should not be discounted as yet. In the main, one of the quieter counters in the
      807 words
    • 968 11 TIMURAN Holdings appears comfortably poised (or a further runup in group profit for the current year ending Dec 31. The group thrust will again be spear-headed by its major trading subsidiaries Eastern Agencies, which markets an extensive range of consumer products, and Caldbeck Macgregor,
      968 words
    • 64 11 THE COURT of Appeal has judged in favour of property developer UnKed Overseas Land (UOL) against the High Court's earlier decision in an arbitration case involving UOL and building contractors Loke Hong Kee (S). The subject of the arbitration, held last year, was the right of UOL
      64 words
    • 435 11 by HOCK LOCK SIEW SINCE Sime Darby announced its terms for the acquisition of the minority interest in China Engineers on Monday, its share price has been moving inversely with that of China Engineers. While Sime's shares came down from $3.26 on Monday to $3.20 yesterday on the
      by HOCK LOCK SIEW  -  435 words
    • 569 11 FOR the current year ending Dec 31, 1979, Idris Hydraulic Tin is expected to turn in results very similar to that achieved last year. Chairman J N Savory says in his annual address to shareholders recently that tin production for the first quarter
      569 words
  • Page 11 Advertisements
    • 119 11 ±oTo s WW SI V tig IS sr. x% V r O 5E ?4 Ste a -a a r K£ 3C r% twv«*» at At last, reach the big spenders. Leisure Times is right on target For as little as $15, you can reach the swankiest, the best dressed, the
      119 words
    • 50 11 This announcement appears for the purposes of record only NEW ISSUE JULY 1979 HV\A HONG MANUFACTURING COMFANY LTD. Issue of 5,040,000 Ordinary Shares of SSI.OO each at 551.25 per share Managed by UNITED CHASE MERCHANT BANKERS LIMITED Underwritten by UNITED CHASE MERCHANT BANKERS LIMITED ASIAN-AMERICAN MERCHANT BANK LIMITED WARDLEY LIMITED
      50 words

  • 562 12  -  By TSANG SAU YIN YOUNG and Rubicam (Y and R) and Marstelier have agreed in principle to merge with effect from October 1, with Marstelier becoming a wholly-owned Y and R subsidiary. However, Marstelier will function as an autonomous unit operating a second worldwide advertising
    562 words
  • 876 12 LONDON, Thurs. Share prices closed easier with operators unsettled by possible industrial disputes, dealers said. At 3 pm, the Financial Times index was down 3.1 points at 461.3. The likelihood of fresh oil price increases also affected sentiment and industrial leaders generally finished with average losses of around
    876 words
  • 292 12 THE Jurong Town Corporation is building a $24 million flatted factory complex in Bedok aimed at tapping labour in the area. The flatted factory complex, to be larger than that planned for Ang Mo Kio, will comprise three extensive seven-storey blocks. Piling for one block is
    292 words
  • 245 12 Agencies. THE Norwegian freighter Lysekil, which left Singapore last Saturday on a mercy mission in the South China Sea, is expected to return to Singapore today with 256 Vietnamese refugees, a spokesman for the United Nations High Commission for Refugees said yesterday. The Norwegian
    Agencies.  -  245 words
  • 120 12 AFP A COMMENTARY in China's People's Daily called for an end to "anarchy" in the construction sector in Beijing. The daily labelled the situation "sluggish, disorganised, chaotic and wasteful." The article, quoted by the New China News Agency said more than a thousand construction projects vie
    AFP  -  120 words
  • 221 12 Reuter LEADING Japanese banks are opposed to a plan being broached by Japanese monetary authorities to tighten controls over bank participation in international dollar syndicated loans, because the controls cannot be enforced in a fair manner, local banking sources said. Japanese monetary authorities said
    Reuter  -  221 words
  • 316 12  -  By RAHIM KASSIM TRAINING schemes for young workers in Singapore must take into consideration structural changes in the economy. Mr Lim Jit Poh, director of the Vocational and Industrial Training Board, said Singapore is now on the threshold of its second phase of
    316 words
  • 151 12 JAPAN, West Germany, France and the US have submitted financing proposals far Indonesia's proposed US*BM million (S$l,1l« million) hydrocareker at Dnmai In the Rian Islands, Minister of Mines and Energy, Mr Snbroto said. He told reporters after meeting President Snharto that designs for the plant will
    151 words
  • Page 12 Advertisements
    • 70 12 NOTICE To the holders of the ftoating rate U.S. Dollar Certificates of Deposit due 30th January, 1981 of. BANQUE NATIONALE DE PARIS Overseas Union Shopping Centre Collyer Quay Singapore 0104 We hereby certify that the rate of interest payable on the above-mentioned Certificates of Deposit for the Interest Period beginning
      70 words
    • 265 12 from Penguins m Mr shrA Wthe Dear Me: Peter Ustinov This is a brilliant book. It is extremely funny: there are hilarious stories about Sir Ralph Richardson and Sir Laurence Oliver (both of whom Mr Ustinov treats rather unkindly), and even more comic ones about Ernest Bevin and J.B. Priestley.
      265 words
  • Page 12 Miscellaneous
    • 61 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Scattered showers in early morning. Report far 24 hoars prior to 7.39 p.m. on July 26 at the airport Maximum temperature 29.8 Associated humidity 67. Minimunvtemperature 23.6 Associated humidity 97 Hours of sunshine 1.70 Rainfall in millimetres 9.1 Total rainfall
      61 words

  • SHIPPING TIMES
    • PORTSIDES
      • 116 13 AP THE legality of a "guerrilla campaign" by the International Transport Workers' Federation (ITWF) against ships that fly a flag of convenience was challenged in the House of Lords on Wednesday by NWL, a Hongkong based corporation. NWL sought orders to prevent a possible "blacking" a complete boycott
        AP  -  116 words
      • 66 13 UPI GREEK shipping reached on June 30 almost 51 million tons dwt, the Ministry of Merchant Marine said on Wednesday. The ministry said Greek shipowners controlled a total of 4,891 ships with a capacity of 50,960,557 tons dwt. Of this tonnage, 692 ships of 12,556,872 tons dwt
        UPI  -  66 words
      • 106 13 AFP THE private-owned Philippine cruise ship M S Dona Monserrat has been sold to the state-owned China Ocean Shipping Co., which wants delivery by mid-August, it was reported yesterday. The Business Day newspaper said unofficial sources placed the purchase price at US$2.l million (554.6 million), below the
        AFP  -  106 words
    • 482 13  -  By GOH ENG KEE THE JURONG Town Corporation (JTC) has embarked on a $2.6 million programme to develop additional warehouse space at the Jurong Marine Base to cope with future demand. Demand for warehouse space at the base, which caters mainly for specialised companies providing varied
      482 words
    • 189 13 UPI OVERALL freight market business remained patchy with grain failing to regain noticeable volume. Time-charter operation* tended to concentrate in the east where Parness Withy booked the 35,282 dwt, 197&-built Oinoussian Leadership at U559,999 (5519,899) a day (or a spot trip from China to Japan via Australia.
      UPI  -  189 words
    • 480 13 A SINGAPORE officer and five other crewmen have been rescued from the Singapore-registered freighter, Tong Nam, which sank in heavy seas off the South African coast on Wednesday. A spokesman of Singapore Cosmos Shipping Company, agents and managers of the ship said early
      480 words
    • 2239 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
      2,239 words
    • 515 17 Shipping Llae Page (•1 ACS n 5 Afea IV 3 Alpac IV 5 Angkutan V 3 ANL i 1 APL m 2 Arya Nat n 5 ASCL ra 5 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben Asia ra 3 Ben ra 3 Ben Ocean ra I
      515 words
    • 992 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/ J Agent and is subject to change 1 (2) All export FCL containers and LCL cargo must be delivered to the AuthoI rity's
      992 words
    • 1188 18 Lloyd's List THE COST of the tumultuous four-year battle over illegal rate-fixing and rebating waged by the US Justice Department against American and foreign shipping is still being counted. As far as the department is concerned the case has been officially closed,
      Lloyd's List  -  1,188 words
    • 392 18 THE AMERICAN Bureau of Shipping (ABS) classed 65 vessels in June totalling 676.261 deadweight tons or 478.433 gross tons. The vessels included two independent tank carriers, two container carriers, one very large crude carrier (VLCC). and one self-elevat-ing drilling unit. Also classed by ABS
      392 words
    • 286 18 Reuter. BRITAIN'S shipbuilding industry is facing its worst period ever with orders cut back because of a worldwide slump in demand. The chief executive of British Shipbuilders, Michael Casey, said this in London on Wednesday when he announced a £49 million (about SJ24O million)
      Reuter.  -  286 words
    • 167 18 AMERICAN President Lines (APL) has opened a new office in Kodiak, Alaska, to serve the local fish exporters and processors. The new office opening is part of APL's expansion programme to provide a comprehensive weekly refrigerated container service from Alaska to the Far East for the fish
      167 words
    • 314 18  -  By RAHIM KASSIM THE VERSATILE Promet Shipyard is currently constructing seven vessels valued at some $41 million for the National Marine Services of Aba Dhabi in the United Arab Emirates. The contract, which was signed in April, calls for the supply and delivery
      314 words
    • Article, Illustration
      481 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bate Bridge (0900 tide, after Bunga Gelang) 19 Dong Min (1000 after Adighuna Karunia) 40 41 Feng Ge (0600 after after Gudrun Bakke hauls) 8/9 Golden Haven (0900 tide) 25/26 Golden Source (after Goldern Eastern) 23 Gudrun Bakke 6 (0530 hauls 15m
      481 words
  • Page 13 Advertisements
    • 528 13 <=£ vv£ Europe Our Next Loader Port Kelang: Singapore: 31 For further details, see page n Orient Overseas Cwici+ieA Line FULLY CONTAHCRSED SERVICE TO EUROPE (VIA SUEZ) r 5 PKeUntl fstw* LeHa»re dam Hlwg Antwerp S Sf AS BRCGE CHMA CONTAfCT 2W MPTUM COM. 1«M OCVM.D) P*UL 17W KO«AN MCtJM
      528 words
    • 225 13 11 All vessels ***** DWT. 105 TON H L Derrick 288 TEU Capacity. Long Length Capability ■ARABIAN GULF WEEKLY SERVICE 'essei S pore Loading for Dammam (26 8 > Dubai (29 8 > Kuwait '31 8) I Kuwait Dammam Doha Bahrain Dubai Mina Qaboos Dubai Dammam Kuwait Dubai Dammam Kuwait
      225 words
    • 491 13 NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ): S oo'f f *mng Mi»'« ss rsni7 C CONTANS Aug 5 a, ?ltg N COSAL 11 Ajg 12 tug 7 S Au CW 17 Aug 18 M 3Se iACEA 23 A u g 24
      491 words
    • 608 13 Australia L Our Next Loader elang: 30/7 Port Kelang: zi! Singapore: For further details, see page Maersk >nK S-ngapo'f Uovnf Times dtothet Vfsse 1 itmDc 'I :<M.i MJ'kWßkfi ALVA MAERSK ANNA MAERSK lull U/UU Irs Ub lull iM, nrs (08 last As.« Mamta Keelung Kaohs«irig lapa* (Tokyo Kobe rokonania Nagoya
      608 words

  • Page 14 Advertisements
    • 901 14 ttmum m Hapag-L lit FULLY CONTAOCMSED TO EUKtt Bremen Eipress Bena»on Tokyo Kir Cardfean Bay Tito Eipress Mm Manj Kasufa Maru OsaAa Bay EXPRESS CONVENTIONAL TO EUROPE S'paic PKelan( Pen B*>ao Genu H'bwf Bremen It dam Antwerp Peter RS 8 8 10 8 5/1 29 8 18 9 16'9 13/9
      901 words
    • 469 14 p barber blue sea From: US ATLANTIC US GULF I EAST CANADA 5 Los Angeles Cristobal Oct 14 Oct 1 Oct 20 Oct 4 I Oct 22 8 Biltvnore New Orleans Sakd SjM Saitd Los Angeles San Francisco Panama La Guaira P Cibelo MarxaiM He* Orleans NEXT LOADER: "SINALOA" Aug
      469 words
    • 694 14 ©EVERGREEN LINE FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTMG CARGO FOR HAMBURG. FELIXSTOWE. ROTTERDAM ANTWERP LE HAVRE ALSO ACCEPTING CARGO FOR UMTED KMGOOM SOUTHAMPTON. LONDON. MANCHESTER, BIRMINGHAM BRISTOt. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY 6REMERHAVEN HOLLAND AMSTERDAM S>n Hw*«t ftrttodan Antwerp It Hint Era h|>|« 4 fa* »"l V *«C
      694 words
    • 988 14 m Burma Fiv« Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON i feppn HTANTANYWA. 31/2 A uf B F S.S C Agent* n Motoyua TEPS MALAYSIA Port Kekmg T«l(38>-7355 Penong Tel *****/***** Compania Argentina Da [T > Navagacion Intarcontinantal S. A. C.I. F. \}Ji/ "ARGENTINE NATIONAL LINE" LOADMG FOR
      988 words
    • 739 14 r THO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHENTON WAY MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 13! SANKYO LINE AUSTRALIA SERVICE P Kelang 25/31 Wy In Port 15/17 Aug YUE RIVER.. YUE MAN MAY PWNG Singapore Loadmg lor: hi Port FREM. AOEL,
      739 words

  • Page 15 Advertisements
    • 1107 15 OCL Overseas Containers Limited Weekly service to/from UK/Europe To UK/Continent Spare P Keiang Hamburg Eipresi MM 27 AA Bremen Eipresi 3 Aug Benavor 4 tuj TeAyo by 13 Aug Cardfcan Bay 22 Aug 4 Aug 5 hut 13 Aug IS Aug Kasuga Mara Osaka Bay 22 Aug 23 *u| 29A«g
      1,107 words
    • 932 15 GRANARD LINE RELIABLE I DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDITERRANEAN Spert rXctmt Penanf M.V. WW CKONG iMI 17 fa* Mtf MAN TAT V 31W J Sep ALL KSSILS ACCfPTMG COHTUCt CAAGO loadnc tar P Said'Aleiandua/Beirut Lattakia Pneaus P Said Aieundria Beirut Uttakia Pireatis EAST BOUND-MEDITERRANEAN/FAR EAST M.V MM) I*l
      932 words
    • 566 15 BEN LINE CONTAINERS a BEN ASIA CONTAINER SERVICE II BENBULKI BULK SERVICE FOR TIMBER AND PLYWOOD ncawa toy 101 1/4 s«* 5/8 S«p4 9/ 12 kit I pool Npo't 1/10 Aug RO»rr> ;pooNport 22 n Sept I poo* Nport Rdam Bkw 1 Cafe Tabaneo ?9 31 Mr 1/3 T Cafe
      566 words
    • 460 15 Scan Dutch 9 |Vi a:WM *'A 2 W*«f.TTi7TTTT iViYiImM t i vn :«.:.fir.i*»7HJ:#j;i»fi?i Mr Mm 3) Mtor| 4) Gburj 14/1 It/I 21/1 23/1 21/1 2t/« 21/1 a/I 21/1 2/t 4/1 t/t «/t 1/1 11/1 13/9 11/f 14/1 11/1 21/1 11/1 23/1 25/1 27/1 1) larcakM. Smm 2) MMaNaai. Mm*. la
      460 words
    • 817 15 BOUSTEAD AGENCIES THE BANK LINE LTD. LOADS FOR E. S. AFRICA FANE ROME* < Reumon Maiunga Our tun Clown PEt Idni KATERMA HUCOTOUOS (Reunion Durban Ctown Pi Hi; E London) S pore 28/31 Aug P Kelang 1/2 Sep Spore 27/30 Sep P Mang 1/7 Oct LVKES ORIENT LINE U.S. GULF
      817 words

  • Page 16 Advertisements
    • 935 16 K line KAWASAKI KISEN KAISHA, LTD. tUPOPE E XPRESS SERVIC t SS BRIDGE 22* C CON TAM R ?W N CORAL 14M C PAUI 17* K JACERN 1W TO EUROPE P Kelang I Havre R dam 17 Aug 22 Aug 21 Aug 22 Aug 28 Aug 29 Aug 3 Sept
      935 words
    • 823 16 0 m U.S.A./EAST CANADA SERVICE Penang Belauan .P. Mint E.C./GREAT LAKES SERVICE LOAOBK FOB: KM YOBK. NOBFOU. MONTHM TORONTO ASHTABULA Penang Belawan P K««|| Singapore VBHUA TET (Cafc Chicago) 13/15** 11/12** l/lt Aug VBHVA OHMMM" 34/31 Aug 24/29 Aug 25/27 Aug CALIFORNIA/PACIFIC NORTH WEST SERVICE Loa*« tar: LOS AASEIIS. SMI
      823 words
    • 721 16 S A (iroiip SINGAPORE SHIPPING AGENCIES PTE. LTD 20TM FLOOR OCEAN BuiLOiNG SINGAPORE 1 MARKETING *****2 <3 UNESI GENERAL 913' 11 114 LINE TELEX RS 2459S RS 2SS6B A 6 C ARSHIP •CA 8 L E CARGOSM jk. SISGAPORE ISLANDS l.lSf. MIDDLE EAST REi.LLAR USER A SAFE way TO Ship
      721 words
    • 814 16 u wis S MALAYSIA* INTfPNATIONAI SHIPPING CORPORATION BfPMAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA 1) Barcelona. Onoj 2) Amsterdam Antwerp. I Hpvre. B(«n*nh»wfi Aartws. Copenhagen. Hetsurti 4) Maimo Slw •Accepting Car ope cargo lot teedet M Sport Bilbao Basle. UK 3) Bremen kkotn. Oslo 1) G'barg 2) H burg 3)
      814 words
    • 769 16 INTRASEA (PTE) LTD. Fabef House 234E Orchard Road Singapore 9 Telephone **********4057 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S'parc P. KeUnt Penanf Loadng far: R N845 31 Jul In Port Boulogne Rdm Avon(UK) NORASiA NB4I 25 Auf 25 Aut Aran (UK)/Boulogne Antwerp Agents: S*apore MTRASEA (PTE) LTD *****11 BOOKMG
      769 words

  • Page 17 Advertisements
    • 323 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STOW PT KEL PENANG PT SAC ALEXANDRIA NR.E U Au( 3 El VESSEL Aut 27 SPHMX U Sept 17 Aut 28 Sept 5 Sept 20 Sept 25 Oct 10 Oct 16 Subiett nducement MARTRANS
      323 words
    • 295 17 *C.td PERSIAN GULF SERVICE EASTERN EXPRESS V 9CTI ETA ETO LOMNNG FOR: hi Port 27 Jul Muscat/Dubai/Abu Dliatoi/ Bahraoi Kuwait RANGOON CWTTAGONG CHALNA SERVICE M V FIVE ISIAIOS CONTAINER SERVICE TO AUSTRALIA MV SUN EMERALD LOAOM6 FOR: Sydney/MHboume Adelaide Fremantfe General Afenti Gulfeast Shipping Pte Ltd Suite 704/ 706 Ocean
      295 words
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