The Business Times, 27 July 1979
1979-07-27
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The Business Times
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Title Section10 1979-07-27 1 BUSINESS TIMES M.C.(P) No. 146/1/7S FRIDAY, JULY 27,1979 50 CENTS10 words
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BRIEFLY...
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Article37 1979-07-27 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.37 words
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Article67 1979-07-27 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 onReuter - 67 words
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Article57 1979-07-27 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 delegationReuter. - 57 words
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Article78 1979-07-27 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 meansAFP - 78 words
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Article77 1979-07-27 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 bundAFP - 77 words
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Article64 1979-07-27 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 guiltyReuter. - 64 words
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Article63 1979-07-27 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 toUPI. - 63 words
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Article134 1979-07-27 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: 690.46 689.84134 words
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Article, Illustration145 1979-07-27 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: 206.22 207.21145 words
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Article654 1979-07-27 1 COLIN CHEE - 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 a654 words
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Article271 1979-07-27 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-tax271 words
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639 1979-07-27 1 KSUNG BEE HWA - 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 Tool639 words
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Article165 1979-07-27 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 slightAP - 165 words
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289 1979-07-27 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 baadtal289 words
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503 1979-07-27 1 JOHN LIM - 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 their503 words
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Page 1 Advertisements
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Advertisement28 1979-07-27 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 Singapore28 words
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Advertisement331 1979-07-27 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 ACTIONTIMER331 words
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Advertisement69 1979-07-27 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...................................... 769 words
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Advertisement155 1979-07-27 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&yfbong155 words
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TRADE AND INDUSTRY
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Article479 1979-07-27 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 At479 words
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Article, Illustration144 1979-07-27 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 of144 words
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Article319 1979-07-27 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 the319 words
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Article96 1979-07-27 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 Affairs96 words
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384 1979-07-27 2 CHOO AI LENG - 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 a384 words
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Article110 1979-07-27 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 such110 words
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Article168 1979-07-27 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 of168 words
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Article368 1979-07-27 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 Belgian368 words
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Article133 1979-07-27 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 demand133 words
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246 1979-07-27 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 September246 words
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Article, Illustration229 1979-07-27 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 reports229 words
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Page 2 Advertisements
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Advertisement333 1979-07-27 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 RECEIVABLE333 words
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REGIONAL
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699 1979-07-27 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
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343 1979-07-27 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
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175 1979-07-27 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 butAFP - 175 words
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369 1979-07-27 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 inAFP,; AP. - 369 words
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Article132 1979-07-27 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 taAP - 132 words
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Article, Illustration271 1979-07-27 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 for271 words
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Page 3 Advertisements
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Advertisement94 1979-07-27 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,94 words
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RAW MATERIALS
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Article170 1979-07-27 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 and170 words
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Article194 1979-07-27 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 and194 words
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Article63 1979-07-27 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 United63 words
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Article366 1979-07-27 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 Coffee366 words
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Article164 1979-07-27 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. Analysts164 words
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Article71 1979-07-27 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 675pd71 words
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Article59 1979-07-27 4 THE STRAITS tin price in Penang yesterday eased another Mss to $1,92* a pienl. The easier tone reflected the continued weakness on the London Metal Exchange and lack of support, dealers said. Total volume of tin concentrates fell further to 1(1 tonnes from 176 tonnes on Wednesday, and59 words
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Article343 1979-07-27 4 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop O.K. 100 per cent second 0 85. 100 per cent third class 0 80. 25 per cent new crop no stock. B-10 per cent O.TO. THAI BROKEN: A-super 0 62.343 words
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Article349 1979-07-27 4 THE Singapore rubber market yesterday closed slightly lower with August One RSS buyers quoted at 292.75 cents per kilo, down 0.50 cent from Wednesday's close, dealers said. Morning prures were marked down about 2.25 cents on lower London advices, upcountry selling and freer nearby offerings, they said. Afternoon values349 words
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Article435 1979-07-27 4 R A S prices in cents per kilo yesterday Close Noon (per kilo) (per kilo) Buyers Sellers Buyers Sellers lilt 1 R.S.S prompt f.o.b. 294 00 296 OON 295 50 296 50N Int. 1 R.S.S. August 291.50 292 00 292 75 293 25 tot 1 R.S.S September *****435 words
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Article132 1979-07-27 4 NOON SSR and >MR pm vniHit HAS Auf»l September iCurreat Mihi (Forward Mih Huvfn Seller* Bayer* Seller* SSR 20 11 ton pallet* 279 00N 281 00N ***** 281 00 N SSR 50 <1M pallet i 276 00 27* 00N rson 278 00N MRU B SMR CV 11132 words
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Article32 1979-07-27 4 Rubber: July 26 Singapore: August: 292.75 cents i (down 0.50 cent) Malaysia: August: 293.00 cents (down 0.50 cent) Tin: M$ 1,920 (down $5) Official offering: 160 tonnes (down 16 tonnes)32 words
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Article186 1979-07-27 4 THE SUGAR futures market yesterday closed firmer with no trades registered as on Wednesday, dealers said. September closed at 8.45' 50 US cents against Wednesday's 8.25 30 close, October at 8.73 80 against 8.55 60 and July at 10.55 60 against 10.35 40 cents. Cotton trading continued quiet186 words
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Article733 1979-07-27 4 SUGAR: Raw sugar futures yesterday ended the opening call £0.70 to £0.25 per tonne down. Turnover totalled 399 lots. The market opened quiet and prices tended to drift lower although dealers said that considering strength of sterling the performance was fairly constructive. White sugar futures opened £0.40 to733 words
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ASIAN STOCKS
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551 1979-07-27 4 Tokyo Source: DBS-Daiwa THE market was inactive yesterday, since investors remained on the sidelines on the last trading day for delivery this month. Forerunning resourcesrelated issues and high-quality stbcks gradually weakened on profit-taking. However, some small-and medium-sized incentive-backed issues such as Hokuetsu Paper. Yashika andSource: DBS-Daiwa - 551 words
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Article254 1979-07-27 4 Sydney JULY 26 Cent* INDUSTRIALS A. C. 1 188 I A. N. I. 110 uncti A P M 126 AlTipOl P(t B H P. Bulk NSW Bormi Brambles C. B A C. S R W 910 no 220 175 243 MS -e 2 -J S .♦2 Coal254 words
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Article257 1979-07-27 4 JULY 26 HK$" 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 Phllex257 words
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Article207 1979-07-27 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 Ayudhaya207 words
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Article98 1979-07-27 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 A98 words
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Article68 1979-07-27 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 SYDNEY68 words
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Page 4 Advertisements
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Advertisement199 1979-07-27 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 grow199 words
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OVERSEAS
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345 1979-07-27 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 andAFP - 345 words
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WORLD IN BRIEF
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Article319 1979-07-27 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 privateAgencies. - 319 words
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242 1979-07-27 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 againstReuter - 242 words
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Article106 1979-07-27 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 juntaUPI - 106 words
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630 1979-07-27 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 suggestionReuter - 630 words
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Article317 1979-07-27 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
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530 1979-07-27 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 theAFP - 530 words
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Article210 1979-07-27 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 servicingReuter - 210 words
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Article208 1979-07-27 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 increasesReuter - 208 words
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Article66 1979-07-27 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'sAFP - 66 words
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186 1979-07-27 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* HeReuter - 186 words
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119 1979-07-27 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,119 words
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Article817 1979-07-27 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 1310817 words
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Page 5 Advertisements
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Advertisement300 1979-07-27 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 maximum300 words
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Advertisement110 1979-07-27 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 the110 words
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445 1979-07-27 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's445 words
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Article242 1979-07-27 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 inflation242 words
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Article918 1979-07-27 6 JACK GEE - 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 GEEFT - 918 words
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Article, Illustration901 1979-07-27 6 NORRIS WILLATT - 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 thanFT - 901 words
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Page 6 Advertisements
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Advertisement235 1979-07-27 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 engineering235 words
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Page 6 Miscellaneous
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Miscellaneous1416 1979-07-27 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 Family1,416 words
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697 1979-07-27 7 KIRSTEN LUNDBERG - 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 betweenUPI - 697 words
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Article, Illustration1024 1979-07-27 7 DILIP MUKERJEE - 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-mouthDepthnews - 1,024 words
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Article230 1979-07-27 7 Ho Beng Huat - 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 advertising230 words
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Article949 1979-07-27 7 QUEK PECK LIM - 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 years949 words
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Page 7 Advertisements
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Advertisement272 1979-07-27 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 are272 words
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Page 7 Miscellaneous
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Miscellaneous40 1979-07-27 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 bpoc40 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article282 1979-07-27 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 Bull282 words
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Article187 1979-07-27 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 ttJO187 words
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Article196 1979-07-27 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 Oumml196 words
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Article92 1979-07-27 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 Ryl92 words
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Article95 1979-07-27 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 ***** ***** -18095 words
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Article133 1979-07-27 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
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Article198 1979-07-27 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 OKeefe198 words
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Article321 1979-07-27 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 120321 words
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Page 8 Advertisements
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Advertisement238 1979-07-27 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 ve238 words
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Advertisement134 1979-07-27 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«>w134 words
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Advertisement149 1979-07-27 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 Savoury149 words
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Advertisement133 1979-07-27 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 will133 words
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Advertisement192 1979-07-27 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 Great192 words
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BANKING AND FINANCE
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Article368 1979-07-27 9 RUTH CHENG - 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. The368 words
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Article140 1979-07-27 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 theAFP - 140 words
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114 1979-07-27 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 aReuter - 114 words
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Article, Illustration937 1979-07-27 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'sNYT - 937 words
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Article1209 1979-07-27 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 best1,209 words
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MONEY AND EXCHANGE$
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Article295 1979-07-27 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 lots295 words
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Article507 1979-07-27 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
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Article192 1979-07-27 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 was192 words
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Article198 1979-07-27 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 10i198 words
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Article51 1979-07-27 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 Co51 words
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Article21 1979-07-27 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8.25 per cent.21 words
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Article60 1979-07-27 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 on60 words
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Article341 1979-07-27 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 effective341 words
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Page 9 Advertisements
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Advertisement886 1979-07-27 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
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Article1140 1979-07-27 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 quoted1,140 words
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Article156 1979-07-27 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 Bl156 words
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Article2547 1979-07-27 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 23.02,547 words
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Article172 1979-07-27 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 F172 words
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Article85 1979-07-27 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
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Article1420 1979-07-27 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 A1,420 words
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Article152 1979-07-27 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 held152 words
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Article, Illustration673 1979-07-27 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 epealag673 words
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556 1979-07-27 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 lack556 words
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COMPANY NEWS
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Article602 1979-07-27 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 per602 words
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Article228 1979-07-27 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 cent228 words
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Article284 1979-07-27 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% Grand284 words
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Article108 1979-07-27 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 3108 words
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Article, Illustration807 1979-07-27 11 ANTHONY TAN - 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 the807 words
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968 1979-07-27 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
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Article64 1979-07-27 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 UOL64 words
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Article, Illustration435 1979-07-27 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 theby HOCK LOCK SIEW - 435 words
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569 1979-07-27 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 quarter569 words
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Page 11 Advertisements
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Advertisement119 1979-07-27 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, the119 words
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Advertisement50 1979-07-27 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 LIMITED50 words
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562 1979-07-27 12 TSANG SAU YIN - 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 advertising562 words
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Article876 1979-07-27 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 around876 words
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Article, Illustration292 1979-07-27 12 THE Jurong Town Corporation is building a $24 million flatted factory complex in Bedok aimed at tapping labour in the area. The flatted factory complex, to be larger than that planned for Ang Mo Kio, will comprise three extensive seven-storey blocks. Piling for one block is292 words
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245 1979-07-27 12 Agencies. THE Norwegian freighter Lysekil, which left Singapore last Saturday on a mercy mission in the South China Sea, is expected to return to Singapore today with 256 Vietnamese refugees, a spokesman for the United Nations High Commission for Refugees said yesterday. The NorwegianAgencies. - 245 words
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120 1979-07-27 12 AFP A COMMENTARY in China's People's Daily called for an end to "anarchy" in the construction sector in Beijing. The daily labelled the situation "sluggish, disorganised, chaotic and wasteful." The article, quoted by the New China News Agency said more than a thousand construction projects vieAFP - 120 words
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221 1979-07-27 12 Reuter LEADING Japanese banks are opposed to a plan being broached by Japanese monetary authorities to tighten controls over bank participation in international dollar syndicated loans, because the controls cannot be enforced in a fair manner, local banking sources said. Japanese monetary authorities saidReuter - 221 words
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316 1979-07-27 12 RAHIM KASSIM - By RAHIM KASSIM TRAINING schemes for young workers in Singapore must take into consideration structural changes in the economy. Mr Lim Jit Poh, director of the Vocational and Industrial Training Board, said Singapore is now on the threshold of its second phase of316 words
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151 1979-07-27 12 JAPAN, West Germany, France and the US have submitted financing proposals far Indonesia's proposed US*BM million (S$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 will151 words
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Page 12 Advertisements
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Advertisement70 1979-07-27 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 beginning70 words
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Advertisement265 1979-07-27 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
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Page 12 Miscellaneous
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Miscellaneous61 1979-07-27 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 rainfall61 words
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SHIPPING TIMES
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PORTSIDES
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Article116 1979-07-27 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 boycottAP - 116 words
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Article66 1979-07-27 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 dwtUPI - 66 words
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Article106 1979-07-27 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 theAFP - 106 words
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Article, Illustration482 1979-07-27 13 GOH ENG KEE - 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 varied482 words
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Article189 1979-07-27 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
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480 1979-07-27 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 early480 words
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2239 1979-07-27 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 of2,239 words
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Article515 1979-07-27 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 I515 words
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Article992 1979-07-27 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's992 words
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Article, Illustration1188 1979-07-27 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
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Article392 1979-07-27 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 ABS392 words
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286 1979-07-27 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
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Article167 1979-07-27 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 fish167 words
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Article, Illustration314 1979-07-27 18 RAHIM KASSIM - 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 delivery314 words
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Article, Illustration481 1979-07-27 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 15m481 words
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Page 13 Advertisements
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Advertisement528 1979-07-27 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 MCtJM528 words
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Advertisement225 1979-07-27 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 Kuwait225 words
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Advertisement491 1979-07-27 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 24491 words
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Advertisement608 1979-07-27 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 Nagoya608 words
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Page 14 Advertisements
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Advertisement901 1979-07-27 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 13/9901 words
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Advertisement469 1979-07-27 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" Aug469 words
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Advertisement694 1979-07-27 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 *«C694 words
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Advertisement988 1979-07-27 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 FOR988 words
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Advertisement739 1979-07-27 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
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Page 15 Advertisements
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Advertisement1107 1979-07-27 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«g1,107 words
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Advertisement932 1979-07-27 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*l932 words
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Advertisement566 1979-07-27 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 Cafe566 words
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Advertisement460 1979-07-27 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*. la460 words
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Advertisement817 1979-07-27 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. GULF817 words
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Advertisement935 1979-07-27 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 Sept935 words
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Advertisement823 1979-07-27 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. SMI823 words
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Advertisement721 1979-07-27 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 Ship721 words
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Advertisement814 1979-07-27 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
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Advertisement769 1979-07-27 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 BOOKMG769 words
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Page 17 Advertisements
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Advertisement323 1979-07-27 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 MARTRANS323 words
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Advertisement295 1979-07-27 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 Ocean295 words
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Advertisement287 1979-07-27 17 LIAN SOCN SHIPPING f, TRADING CO (PTE) LTD ,io: n»» noo« cw ouud.»g.rooioso* *o»c si»G«PO«f in moon ii i.w caou ii»»ni»o tr» no mknsu soma NT StLAMAT DATAN6 M POM 20-7-71 lAAAATA Mir a«T MAMS r«T 27 771 BALKPAPAA UUK PANMK MV 'BALAHTANG 30-7-71 34-71 UUK PANMK M CtEMT BA6US287 words
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Advertisement393 1979-07-27 17 OCEAN SHIPPING COMFttNY UKC SOU-CONTAINER SERVICE P RELANG PENANG LOADING FOR *Y«* iang 28/30 Mr Rotterdam Hamburg fiw Men 29/31 My Rotterdam Hamburg Nam Tiw 5/ 7 Aug Antwerp Rotterdam Hamburg •Kb, Jum 25/2$ Aug Rotterdam Hamburg Tian Shu 27/29 Aug London Antwerp Rotterdam/ Hamburg •Xiang ftang 25/26 Sept Rotterdam393 words
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Advertisement330 1979-07-27 17 CELTIC BULK CARRIERS ir 1 r, I ,t I T 1 ir t Ir.st, Shipj-ny I I,) Regular Bulk Service For Timber Plywood General Agents Marathon United Agency Pte Ltd Spore let: *****66 (3 fetes) Sub Agent Mantest Sl*pmf Services S*i Bhd KX Id 4MK7I P Aeian| Td JMIO3 UNISON330 words
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Page 18 Advertisements
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Advertisement54 1979-07-27 18 Singapore Pulau Batam Tug Barge Service (Weekly Sailings) Departing Singapore every Wednesday. (Additional sailings arrangeable) by P.T. Elham Fortune Line Limited Batu Ampar. Batam Island Indonesia Tel: 151 191 Vnts Singapore-lotti Agencies fie Lid 1104/1105. 11th Floor, Golden Me lower Beach Hud, Singapore 7. Td *****44 (3 fact) Cable MAKCOW.54 words
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