The Business Times, 30 July 1979

Total Pages: 18
1 18 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. IM/1/79 MONDAY, JULY 39, 1979 50 CENTS
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  • BRIEFLY...
    • 72 1 PRIME Minister Lee Kuan Yew continued his journey to Lusaka to attend the Commonwealth summit after being held up in Dubai for eight hours when two tyres of the SLA jumbo he was travelling in burst during take-off. The incident took place at the half-way mark of
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    • 85 1 AFP MOSCOW, Sun. The Soviet leadership has decided to increase economic incentives and other inducements to improve productivity in industry. The decision of the Communist Party central committee and the government was given full page coverage by the party newspaper Pravda today. In what it described as an
      AFP  -  85 words
    • 83 1 Reuter KUALA LUMPUR, Sun. Italian Under-Secre-tary of the Interior, Mr Guiseppe Zamberletti flew here today from Singapore to discuss the Indochinese refugee problem with Malaysian authorities and said Italy would take 304 Vietnamese "boat people" from here next month. Mr Zamberletti, who is also president of
      Reuter  -  83 words
    • 73 1 Reuter KUALA LUMPUR, Sun. The Malaysian Airline System (MAS), Malaysia's national carrier, will not start its flight to Sri Lanka for some time although it has flying rights under the bilateral air agreement, MAS officials here said today. They said the reason for not launching the Malaysia-Sri
      Reuter  -  73 words
    • 89 1 AFP BEIJING, Sun. China has recently adopted a more flexible attitude toward the practising of religion, largely to encourage believers to do their share in economic construction work. Observers recalled however that in the long term, atheism is still intended to replace religions. It was officially announced
      AFP  -  89 words
    • 59 1 MALACCA, Sun. An Asean jount-venture milling project to manufacture security paper, a very high quality paper used for printing paper currency, will be implemented in the near future. The cost of the project is estimated to be between MJIO to Msls million. The tentative site will be
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    • 58 1 UPI BANGKOK, Sun. Vietnam today charged that China has stepped up attacks along their uneasy common froniter, increasing border tension between the two former allies. A lengthy list of alleged Chinese attacks by the official Vietnam News Agency also accused China of attempting to send back Vietnamese refugees
      UPI  -  58 words
    • 76 1 UPI KUWAIT, Sun. A Kuwaiti newspaper today said the Gulf state tentatively planned a 25 per cent oil production cutback starting next year in order to conserve its crude resources. The unsourced report in the daily A 1 An Baa said the Kuwaitis were "likely to cut daily
      UPI  -  76 words
  • 106 1 THE follawing list af stacks gives the It mast traded on the Stack Exchange af Siagapare last week. It gives the toroaver in thoasaads af anlts, clostug prices oa Friday and the high and law far lf!f Campaay Taraaver PritM Hick Law *m J a! n ir»
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  • LOCAL STOCK INDICES
    • 86 1 JaJ a Jai U Jul tS JaJ t» JaJ n *+BT Index: *****9 2259.08 2251.21 2233.70 2269.12 •Industrials' 384 30 383.66 381.21 381 44 385.24 i« Finance: 694.47 693.03 690 46 689.84 694.37 ••Hotels: 280.31 280 80 284.46 285.10 286 34 •Properties: 245 82 245.82 245 08 245.15 246
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    • 79 1 Jala JaJ U Jal MM Jairi ♦*BT Index 3268.77 3243.95 3222.04 3236.66 3282.83 Industrials: ***** 410.33 408.92 408.06 411.85 Finance: 617.06 615.89 613.20 589 21 594 82 ••Hotels 254 46 254.46 254.38 254 09 254.29 •Properties: 238.13 237.50 237.82 234 59 235.01 ♦Tins: 205.50 206 06 206.22 207.21 207.31
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  • 843 1  -  INCREASES UP TO 35 PC By HSUNG BEE HWA BOTH domestic and nondomestic users of electricity and gas will be hit hard by the latest round of increases in tariffs announced by the Public Utilities Board. Domestic consumers will have to pay up to
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  • 158 1 THE increase In electricity and gas rates will have a significant effect m the cast of living la Siagapare. The cast of fael aad utilities aeeaaata far ahaat S per ceat of the haaket of expenses that make ap the Caasamer Price ladex. This is expected ta
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  • 544 1  -  By COLIN CHEE SINGAPORE came into being not by design but by accident, reminisced Mr Devan Nair, president of the National TYades Union Congress and Member of Parliament for Anson. Before the break with Malaysia, the Republic almost had a Malaysian governor ruling it,
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  • 266 1 AFP THE INDONESIAN government will repay within the next fnnr years US$3ll million (about S|M million) to a namber of foreign shipping companies for the cancellation of charter contracts on 35 taahers concluded several years ago hy Mr Ibis Sntowo, then president director
    AFP  -  266 words
  • 447 1  -  By WANG LOOK KEAH NEGOTIATIONS for a new commercial agreement between Qantas Airways and Singapore Airlines will begin only after outstanding differences over the Australian international civil aviation policy (leap) have been ironed out. This was agreed on between the two airlines
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  • Page 1 Advertisements
    • 14 1 SS Wiylowii Mortiiy And Hwmc«CS)Ud. Ground floof, Shaw House. Singapore 0923. Tel: *****77 5
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    • 91 1 1 CI V The best time to watch your favourite TV program is when you have time to enjoy it. With a Sony Betamax video recorder connected to your TV, you can record anything on TV even when you're not at home. And then play it back whenever you want.
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    • 69 1 mm SHIPPING TIMES OCBCS dominance is slipping... 2 Uf e 7 IMF warns US to central infla- MARKET reviews II Uw 5 ENORMOUS potential for AUDIENCES hail Music far watches in Aseaa 12 Every—e 5erie5........................ I JAPAN to re-examine Bin tula CHILDREN'S view of the art of area prejeet.............................. 12
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    • 17 1 SENSUALLY. ROCOFO VMENTINO TOKYO Singapore (lights arrive at 0650 only a 6-hour 45 minute flight j r'
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  • 4369 2  - Tan Chin Tuan's OCBC... past, present and future Ten years ago, Oversea Chinese Banking Corporation (OCBC) was an undisputed leader among regional corporations. And at first glance it stilly appears to have all the ingredients needed to maintain its dominant position. It is the only foreign bank with offices and
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  • 369 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 Aug 13-27: Managing People At Work, NPB Town Training Centre, NPB Aug 22-23: How to Identify and
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  • Page 2 Advertisements
    • 331 2 ■ft -tiLi rifc'»VF". O* •vv S >/4 Now we can give you nearly2so,ooo readers like the one on the right. The circulation of the Far Eastern Economic Review is up again. As of June 30, 1979 the attained circulation (as submitted for ABC audit) was up to 43,392. An increase
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  • 519 3 OCBC IS less a buk ud DMre a banque d'affaires in the French sense. Its wealth and power erases m maeh from the dividends of associated companies and subsidiaries as from hanking •perattnns. There is a complex of ahont a dozen companies, most of which
    519 words
  • 984 3 NYT WHEN you have more money than you can spend in a lifetime, said 72-year-old Justin Whitlock Dart, chairman of Dart Industries erf Los Angeles, you have other reasons for working. Working to Dart is as much a matter of pride as
    NYT  -  984 words
  • Page 3 Advertisements
    • 113 3 Classic furniture fo light up the ige ana prestige of your office Orchid office furniture are created to posh up the executive's office, the general office, the reception area and the conference room. All in designs combining functional and aesthetic values. Pick your choice or consult our interior designers for
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    • 125 3 A TO COME HOME TO N Mm J* m, fesi KS A secluded corner where you can unwind. Over a long cool drink and soothing music. Take off your shoes, put your feet up if you wish. Just like home. That's the Equatorial. Where people are friendly and caring, the
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  • RAW MATERIALS
    • 443 4 TRADING on the Singapore produce market last week was generally light and the overall trend was mixed. Sales to foreign markets remained limited because of the uncertainty of the US dollar. With the exception of small lots of pepper and coconut oil passing into
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    • 871 4 COFFEE: Robusta terminal on Friday closed £56 to £23 per tonne down and turnover was 7.021 lots. Values fell back during the afternoon under commmissionhouse selling and long liquidation triggered by an easier New York market and receding fears of any further frost damage to the Brazilian crop.
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    • 164 4 CHINESE Produce Exchange, Singapore, noon closing prices per picul on Saturday: Caeaaat ail: Bulk $130 sellers. old drum $135 sellers, new drum $140 sellers. Capra: Mixed (looae) UK/Coal $82.00 buyers. Pepper: Muntok AST A white fob lan NLW $337.30 sellers, Sarawak white rob W* NLW $322.50 sellers, Sarawak
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    • 1212 4 AFP GOLD featured again on the London commodity markets last week, soaring to new record levels, as silver moved to its highest in dollar terms. But the pound's continuing strength against the US dollar, at its firmest for four years, found echo in
      AFP  -  1,212 words
    • 183 4 WHEAT futures on the Chicago Board of Trade on Friday closed down eight to 14 3 4 US cents a bushel, capping a week in which the September contract lost 13 1 < cents. Prices slid early when an opening rally, prompted by trader's hopes that the Chicago grain
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  • MONEY AND EXCHANGES
    • 205 4 THE US dollar closed at the week's high of SJ2 1495 05 on the Singapore forex market last week. Initially, the US currency came under heavy selling pressure which saw the unit reaching a low of 2.1325. The bearish trend of the dollar was checked by heavy and
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    • 21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8.25 per cent.
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    • 248 4 Asian rates THE beginning of last week saw heavy bidding interest in Three and Six Months with lenders withdrawing offers. However, rates settled to Monday's levels by the weekend. Trading was moderate. US basis money supply registering a drop of US$9OO million in M-l, but an increase of $1.1 billion
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    • 183 4 Asian FRCDs INDICATIVE prices of Asian dollar floating rate certificates of deposit for selected Issues for the week ended Jnly 27: Bid Offer Dal-Ichl Kangyo Bank 11-7/1617/11/80 99-15/16 100-3/16 BNP11> 30/1/81 99* 100* Bank of Tokyo H 27/2/81 99 100'• Mitsubishi Bank 11-7/18 18/3/81 99 100* UOB 11 1 <
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    • 95 4 RETAIL prices per tahil quoted by the Singapore Chinese Gold and Silver Merchants Association are SS800 for 90 per cent gold, $850 for 22K gold and $900 for 24K gold. In HONGKONG on Saturday, the international gold price closed US$305.70 306.20 an ounce, little changed from the New York
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    • 54 4 Source: Astley Pearce INTERBANK rates last week opened at a slightly easier tone, compared to the previous week. However, the terms firmed towards the end of the week and closed at 7V4 to 7 7-5/16 to 7-3/16, and 7-9/ 16 to 7-7/16 per cent for the One, Two
      Source: Astley & Pearce  -  54 words
    • 48 4 FOR THE week ended Saturday July 28, the range of call rate received from from Short Deposits (M) Bhd was as follows: Buk faad: 2.5 per cent to 6.25 per cent. Oeaeral fud: 3 per cent to 6 per cent. Mtvemeati of funds totalled $616 million.
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    • 51 4 ZURICH exchanges closing quotes on July 27: US 1.6420/6430 Stg 3.8004/8044 Can 1.4028/4041 DMk- 90 2545 3591 D F1 82.0180/1089 F FY 38.7731/8187 B FY 5.6368/6460 D Kr 31.4108/4390 N Kr 32.7222/7519 S Kr 39.2026 2405 Lit 0.2010/2020 Aus sch 12.2858/2979 Port 3.3751/3946 Spain 2.4785/4970 Arg 0.12/13 Yen 0.7630
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    • 409 4 IN THE early part of the week ended July 27, overnight money rates in the domestic money market tended lower to to s'/* per cent due in part to exchange operations on the weakening US dollar. However, after clearing time on Thursday, the market unexpectedly tightened to close
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    • 297 4 THE DOLLAR held steady to its lower levels on Friday and finished roughly in line with Thursday's finish while sterling closed easier, dealers said. Trading in the dollar was quiet throughout the day ahead of US trade figures later in the day. Dealers added that the market expects a
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  • Page 4 Advertisements
    • 202 4 MCCW 93/1/79 VOL3 NO 7 Blh JULY 1979 PfICE $300 4 5^ K rfk Tl >.- f s ft m 79 j~lCs Tit ppl Arr e S u A pu te' NI Corn The tremendous rate of growth in the Asean region has generated a itrong demand for computers which
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  • OVERSEAS
    • 151 5 Reuter MANAGERS of about 60 major airlines have focussed discussions on freight flights and the busy North Atlantic passenger traffic in their prolonged negotiations on new prices to be charged next October. The airline executives had hoped to reach agreement one week ago, on new
      Reuter  -  151 words
    • 510 5 AP AFP INTERNATIONAL oil companies are discussing with the British government how to speed up development of 50 small oilfields in the North Sea to bolster production through the fuelthirsty 1980s. The fields, containing an estimated three billion barrels of oil, have
      AP; AFP  -  510 words
    • WORLD IN BRIEF
      • 438 5 Agencies SOPHISTICATED electronic equipment, including silicon chips, may oust thousands of workers from their jobs in France, West Germany, Britain and the US. but more than one million new workplaces may open up for them in these countries, the International Labour Organisation (ILO) said. A three-year study
        Agencies  -  438 words
    • 774 5 ARRIVALS Service Local Operator Number Time From SLA SQ240 1210 MES SIA SQ201 1245 HLP MAS MH684 1245 KCH MAS MH651 1330 (MES) PEN KUL SIA SQ61 1340 BKK SIA SQ455 1«0 BWN SIA SQ117 1345 KUL SIA SQ1 1325 SFO HNL GUM HKG SIA SQ93 1355
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    • 251 5 AP FOUR of the 10 biggest banks in the world are French, three are American, two German and one is Japanese, according to Institutional Investor Magazine. The magazine says in its July edition that Bankamerica is number one with US$75.B billion (Ssl63
      AP  -  251 words
    • 81 5 Reuter CHINESE economists will concentrate their research in the next six years on the fundamentals of world economics and subjects directly related to China's modernisation, the New China News Agency reported yesterday. A study plan was drawn up at a recent meeting in Beijing that would
      Reuter  -  81 words
    • 205 5 Reuter CHINESE grata Imports •ver the past 12 month* to the end of July totalled 12 million toaaea and will lacrease la toe comlag year. China's Agrlealtore Minister, Ha* Shllian, saM the laereased Imports will caatlnue to com* tram Australla and Caaada, hath traditloaal
      Reuter  -  205 words
    • 702 5 Washington Star THE INTERNATIONAL Monetary Fund (IMF) says the US economy could plunge into a long and severe recession, unless inflation is brought under control. In a frank report prepared for internal use, the fund said President Carter's advisers know of the difficulties and
      Washington Star  -  702 words
    • 217 5 Reuter DESPITE the drastic increase in energy costs, West Germany is still optimistic in its economic growth review. The Economics Ministry said in its July report that the process of economic revival continued in recent months and the basic tendency of the main demand indicators is clearly upwards.
      Reuter  -  217 words
  • Page 5 Advertisements
    • 782 5 u UNITED CALIFORNIA BANK (Incorporated with Limited I übilit) in (lie Stale <>l California. I'.S.A.) MEMBER OF WESTERN BANCORPORATION $7,565,545 61,392 350,313 52,060 ASSETS Cash and due from banks demand Time deposits, other banks Investment securities Note 2 U.S. Treasury and government agencies S 658,845 State and m unicipal 612,3
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  • REVIEWS
    • 1187 6  -  The Music for Everyone Series has been successful because it received widespread publicity and the concert times proved attractive. PATRICIA GOH looks at this series and the Young Musicians' Society. PATRICIA SOH AT LEAST twice a year, the United World College Festival Chorus Singers provide a
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    • 550 6 KST IT HAS been a phenomenon with the SSO that its second night's performances have often been better than the first night's. It is difficult to understand why this is so with a professional orchestra unless one can attribute this to nerves and under-re-hearsals. At
      KST  -  550 words
    • 365 7 ALL THE world loves a fairy tale. And there is no need to conduct a survey to prove this to be true. Just take up any romantic folklore and you will undoubtedly re-experience that thrill of the past. In the Times Heritage Collection of bilingual Chinese folk
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    • 794 7 THERE was once a young man who was very poor. He lived in a little, mean cottage, and outside the door of his cottage he kept his water-tub. And in the water-tub there lived a snail which he was fond of watching and feeding. In spite
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    • 171 7 IF YOU can paint, sketch •r make aay kind sf handicrafts, yen may like ta participate in a national handicrafts eompetltion-cum-exhibi-dan being organised by the Nanyaag Slang Pan and Oxiey Travel Service. Each grasp or Indlvtdual participant may send aat mare than twa entries
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    • 472 7 EUGENE and Eleanor Gluck amassed in less than a decade an assemblage of Louis Comfort Tiffany lamps, vases, desk accessories and candlesticks. Most of their collection was sold in 90 lots at Christie and Manson and Woods in New York in what represents the most important
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    • 378 7 "I LIVE in this flat," said six-year-old Tessie Wong of Emmanuel Kindergarten. And said it vividly in a colourful painting that shows a mult-storied block of flats, its various floors numbered precisely from one to ten. An unrealistic drawing, you say? Perhaps, but
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  • Page 6 Advertisements
    • 137 6 1 o—jj H a»i .sj*PL: m m u t 91 IliM; ZSti 'A >; A ■il Buy a pea green boat or sell a nautical puss. Leisure Times is right on target For as little as $15. you can sell anything in Leisure Times a painting, a world tour, a
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  • Page 6 Miscellaneous
    • 704 6 FILM SHOWS THE NATIONAL MUSEUM will screen three colour films on Wed at Bpm at its premises. The films are Life from the Sea, Personalities of Today and Moant FIJI, courtesy of the Embassy of Japan. Admission is free on a first-come-first-served basis. DO YOU WANT to share the secrets
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    • 1354 6 Child shoplifted NOT ALL that much to keep yM slouched In froat of the little box tonight unless y*a have got yourself hopelessly Involved la the love affair between Ann* mad Vronsky or are a budding lawyer and treaasre the cases presented In Crown Coart. Anno Kareniaa comes on at
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  • Page 7 Advertisements
    • 368 7 f 3ft' ThtK ts:?* 9' violence amriifj Hamlyn Paperbacks TH E HEIR by Christopher Keane b When oil was discovered in a small desert sheikdom, the dogs of war begin to gather and Rama Khan's homeland falls prey to giant corporations and hired mercenaries. Accustomed to the civilized delights of
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 264 8 JULY 27 Frs CORBEILLE Alr-Llqulde B S N Oervals Danone C S r (ThomsonClf) CI* Francalse des Petroles Compafnle Flnanclere Compajnie Oenerale Credit Foncter De France Hachette (Llbralrle) Machines Bull Mlchelln (B) Parlbu Pechlhey Clglne Kuhlmann 472 845 372 198 340 481 SO 224 55.50 821 217 10 2
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      • 193 8 JULY 27 FU ABN moo -0.5 Ahold 90.00 -0J Akan 28 .10 02 AMEV 93.00 1 Am fas ***** 0J Amrot Bank 70 JO -03 Bergoss Berk 58-30 MOO 1.1 -0 2 Bo Is 64.50 03 BorsumlJ ***** 1 Bur h man n 61.10 0.5 Byenkorf 70 60 -0.4
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      • 190 8 JULY 27 Francs Actions SvlMH 2M 1 Alusulsse Br 1256 -15 Alusulsae Reg 406 J Brown Bovcrt Br 1875 10 C1ba Oelgjr Br 1260 unch Clba Oelgjr P C 1000 5 Clba Oelgjr Reg 6M 2 Credit Sulue Br 2215 -10 Credit Suisse Ref 425 -I Elektrowau Br 2035
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      • 214 8 JULY 27 Dm Aef-Tclefunken 4* 60B Akin 25 40 01 All* Leben 766 00 5 All* Vcn 456.00 6 BASF 130J0 1.1 Bay H T Wbank MS 00 12 Bay Vbank ***** 4 ■amr IV TO LI BBT MOB RUW 110.00 04 Cauella 343 OOB unch Chem Verw *****
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      • 92 8 JULY n Pn FORWARD MARKET Acec 411 4 g ArhMl MO Aitiir SM unc ft Brucui MO -4 Bni-Lamb 1710 -IS Canpac tM 2 Cock 44 n. Hon MO Ebcs 2180 -5 Electrobel tsoo 30 Gb-Inno-Bm H00 unch 0»Y U72 12 Hobo* 29B5 ■f ]Q0 Pctro 5180 100 Ryl
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      • 102 8 JULY n Ure AnbAnoc On 16 +0J ***** 4 300 Baslofl •TO Central* 5600 +111 n» 2SM 4 13 riruider 143 4-1 Oen Immob «250 +2 in Prl 2475 m Iuicernenu ***** +no li&lcu MO 440 IUlaMcr 312-50 42 Macnell M Pt 000 441 Marvlll Ere 200 40.15 Med
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    • 1062 8 NEW YORK THE NEW YORK stock market picked up some strength in the afternoon to close little changed last Friday. Prices began to rally after news of a lower trade deficit for June. The Dow Jones industrial average was unchanged and advances led declines by
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    • 126 8 JULY 27 Abltlbi C$ 18*. Hud Bay Min Imp Oil 21S 364 38s 26S Bank Mont 25 InU Nickel Bank Nova Scotia Bell Tel 24 21* <* Kerr Add Beth Corp BP Can Ltd Braacan 27 22* Mattagami Lake Mc Blodel Camp Red Lake 22 S -I* Can Imp
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    • 305 8 JULY 27 Rand INDUSTRIALS A Alnha lU >3 Tongaat Trust Bk Un Steel Unlsec Woolworth 370 62 50 133 440 unch -2 unch 5 Abercom AE And CI AMir 230 440 1S00B -3 5 MINIlMn« Barlows Cf Sugar CNA Currle Finance De Beers Ind SSO 066 unch 15 Anglo*
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  • Page 8 Advertisements
    • 634 8 See Page 9 for Tokyo prices Where to wine, dine and entertain ore 4 Si 11 peso >• ?l> 1* <ji9> 1 If* J ir. -s Curkp not 4 1 «E r »1 t<7 > II Everyaay is a biq house affair for us Because each day is another new
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  • MARKET REVIEWS
    • 929 9 K.LUMPUR A MODERATE run-up last Friday saved the Kuala Lumpur stock market last week from what would have been a dreary week. Shares had been drifting rather aimlessly during the first four days but took a firmer trend on Friday when buyers
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    • 414 9 TOKYO SHARE prices on the Tokyo market on Saturday closed mixed in active trading with energy-related issues rising sharply and blue chips and populars falling. Dealers said the market average rose 0.31 to close at 6.264.97, with a volume of 220 million shares. The Tokyo Stock Exchange
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    • 242 9  -  Week ended July 27 Compiled by Violet Chow OTHERS Treaggaaa Dev had paid to its wholly-owned subsidiary. East Coast Trading $250,000 in exchange for 250,000 shares of $1 each in the subsidiary. Hws Haag Muilwtuiig made its debut in the SES on Thursday Halted Overseas
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    • 325 9 SYDNEY A THE SYDNEY share market last week was best described as lacklustre with the industrial sector flat and end of week gains among mining stocks providing the best performances. The All Ordinaries Index was static with a net gain of 0.01 to 590.78 points while the metals
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    • 317 9 F < TOKYO AFP THE TOKYO stock market posted a sobstaatlal advance last week although Investors marked time to assess the Impart sf the Bank of Japaa's (ceatral bank) one per eeit raise la Its official discount rate te 5.25 per ceat per aaaam. Aided
      AFP  -  317 words
    • 573 9 r NEW YORK h A NYT A STRONG rally on Wednesday, touched off by the nomination of Mr Paul Volcker to be the next Federal Reserve Board chairman, enabled the New York stock market to finish with gains last week. The selection
      NYT  -  573 words
    • 811 9  -  SINGAPORE By CHAN BONG SOO INVESTORS are still awaiting the rally which share market analysts and chartists say is Just around the corner. In the week Just past, the trading pattern provided little in the way of hope. It only added to the uncertainty
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    • 753 9  -  LONDON J By GERALD COLVERD THE SUN-SEEKING sterling earners are on their way. The exodus last week from the confines of the square mile has a particular bouyancy as the pound bounces against a four-year peak. It is not difficult to guess at the mood of parting advices
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    • 198 9 NYT PAN American World Airways' attempt to merge with National Airlines made a major advance on Saturday when the carrier announced that it was acquiring a substantial block of National shares from Texas International Airlines. The Texas line announced that it was withdrawing, subject
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  • Page 9 Advertisements
    • 125 9 For a Successful BANKING Career study with Wblsev Hall OXFORD for the Institute of Bankers CONVERSION COURSE The duration of the complete Wolsey Hall Conversion Course is 26 weeks so enrol now for the December 1979 examination. Also available. Wolsey Hall Courses for the Stage II Year 1 examination (New
      125 words
    • 93 9 TRO PI-COOL AIRCONS take pride of place among the best TROPI-COOL car airconditioners are Americandesigned and engineered specially for the tropics. There are none better for the price. TlßOpi-COOL AIR-CONDITIONERS 1 Adrranty Robust YORK or ABACUS Compressors In dash and under dash models available Superb back-up service jj. i i
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  • COMPANY NEWS
    • 519 10 FIRST it was Malaysian Titanium Corporation (MTC). Last year, it was MalaySino Chemical Industries. That's the hard-luck side of Magnum Corporation which last year had its profit from the lucrative four-digit forecast business slashed by provisions against investments guarantees given in respect of the
      519 words
    • 69 10 INDUSTRIAL and Commercial Bank said in reply to a query from the SES on an article which appeared in the Business Times, that it is not aware of the rumour that the bank will soon be proposing a bonus issue together with a rights issue to raise
      69 words
    • 23 10 CHERSONESE (FMS) Estates said that the last day for registration of its shares to ascertain transfers has been amended to July 31.
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    • 263 10 Current Payment Ex Date Books Close Date Payable Total for Total for the year Previous year George Town D Keramat L td Mai Spore Glass B Semb Riverview Sentosa ply Kg Lanjut K Kampar Kramat Sanyo Int Wood Pegi Msia M Tobacco G 1 Hldgs P Electric B
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    • 111 10 Company Particulars Ex Date Books Close Yeo Hiap Seng Spore Glass B Semb N SO P Hong Leong Bonus Issue of 1 for 3 Rights Issue of 1 for 3 it; $2-25 per share Bonus Issue of 1 for 5 Bonus Issue of 3 for 1 Bonus Issue
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    • 563 10  -  By CATHERINE ONG AFTER receiving good response for Phase 16 (Mimosa Park) of its Seietar Hills property development project, Bukit Sembawang is swiftly sketching out plans on its drawing boards for Phase 17. This will be a mixed development project comprising of low rise walk-up apartments and
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    • 176 10 DUTCH Bahy Milk Industries has been asked by the KLSE whether its proposed borrowing to finance the purchase of land and building from Malaysia United Paper Products has been finalised and. if so, to furnish details of the loan. Dutch Baby purchased the piece of land in Petaling
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    • 171 10 MALAYAN CREDIT: AGM to be held in Mandarin Court (4th floor), Mandarin Hotel. Singapore, at 12 noon on Aug 11. SPP Ltd: AGM to be held at 315, Alexandra Road, Singapore, at 10.00am on Aug 14. TrengKaiia Development and Management Bhd: AGM to be held at 1st Floor,
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    • 2801 10 This High Year Low Company Last Sale orGr'i Div Div Cwr Gr'a Y'W Net P/E Vol COOO) Week High Low 8ECTION ONE INDUSTRIAL A COMMERCIAL 261 ■r 142 180 285 744 252 350 215 380 570 230 100 272 505 142 261 1400 153 505 207 123'
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  • Page 10 Advertisements
    • 233 10 f] FT =TTuT:Tit THE FIRST INTERNATIONAL RUBBER AND PLASTICS EXHIBITION FOR ASIA WORLD TRADE CENTRE, SINGAPORE 26-30 MAY 1980 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 or marketing expertise
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  • MONDAY SPORTS
    • 419 11 THREE GOLFERS from SICC and one from Keppel Club have virtually qualified for a place in this year's Singapore team to the South-east Asia amateur golf team championship in September, reports Teo Teck Weng. The championship for the Putra Cup this year
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    • 268 11 THE MUCH fancied Singapore Airlines yesterday outclassed Price Waterhouse to grab the men's title in the second Anchor Business Houses Squash League. In yesterday's final round at the Singapore Squash Centre, SLA powered their way to a four match lead before losing the last match
      268 words
    • 532 11  -  By RONALD KOW DOLLAH Kassim fans, do not worry. Even though this national soccer star has announced his retirement from International soccer, you can still see him In action in at least two international situations one when he plays for his club, Geylang
      532 words
    • 812 11  -  By TEO TECK WENG BEARDED navy personnel Stephen Herd of Sembawang Country Club yesterday helped steer his club to a resounding victory in a Premier League match at his home course. The New Zealander produced a sizzling two-over-par 73 to lead Sembawang in
      812 words
  • Page 11 Advertisements
    • 464 11 Business Times' National Day Feature: The New Industrial Society pr f C r v* /ff? t bH. r ~-»Aa£ This year's National Day feature will carry a thought-provoking and possibly controversial theme: the New Society that is being built on the industrial base now being constructed. What will the impact
      464 words

  • 478 12 A TEAM of experts from the Japan International Cooperation Agency (Jica) will undertake supplementary studies on the feasibility of the Bintulu urea project, one of five Asean industrial schemes which the Japanese government will finance from the US$l billion (552.15 billion) pledged by former
    478 words
  • 166 12 THE MALAYSIAN government is considering the possibility of placing the proposed Kuala Lumpur Commodity Exchange under the Registry of Companies. The Bill for the settingup of the exchange is likely to be tabled in the next parliamentary session in October, according to Deputy
    166 words
  • 564 12 THE board of directors of Palm Oil Refiners Association of Malaysia (Poram) will meet in Kuala Lumpur this week tc map out a long-term strategy to overcome crude palm oil supply and price problems frequently faced by the industry. The refiners, who are emerging from
    564 words
  • 437 12 MALAYSIAN and Japanese officials will meet in Kuala Lumpur in mid-Au-gust to discuss new areas of technical cooperation. A Japanese Embassy official said two representatives from the Japan International Cooperation Agency (Jica) will take part in the annual meeting. They will be joined by two senior
    437 words
  • 194 12 AFP THE JAPANESE government is considering lifting the temporary suspension of loans totalling 10 billion yen (SJIOO million) and gratuitous aid of four billion yen (SJ4O billion) to Vietnam, informed Tokyo sources said yesterday. The government plans to lift the "punitive" measures because Vietnam, at
    AFP  -  194 words
  • 365 12 AFP INDONESIAN Natl—*l Security chief, Admiral Safemo was repartod to have Justified small-scale smm gliag to Stegapare to a certain degree. He was qaated as saylag ia Pakaabaru, east Sumatra, that the pesple af Bias pravlace, seath af Slagapare, csuld be Justified to
    AFP  -  365 words
  • 316 12 Reuter INDIA'S new Prime Minister Charan Singh may have to reshuffle his Cabinet, only one day after taking office. Mr Singh, 76, became India's fifth Prime Minister on Saturday but six of his chosen Cabinet members refused to be sworn in.
    Reuter  -  316 words
  • 716 12  -  By GOH ENG KEE THERE is an enormous market potential for watches in the Asean countries. Both expensive and relatively cheap watches find a ready market in the five countries, but even more significant is the increasing role of Asean countries as a producer
    716 words
  • Page 12 Advertisements
    • 47 12 The indispensable guide to men and women erf: the helm of Malaysia, Singapore and Brunei. A wealth erf data for better insight and professional reference. _iV mk Available now at $40-00 L a copy, j Robinson's Bookshop Clifford Centre Basement, 24 Raffles Place, Singapore 1. Tel: *****
      47 words
  • Page 12 Miscellaneous
    • 64 12 IWE=AT;HERI L =3 Outlook for Singapore from 6 a.m. to 1 p.m. today: Scattered showers from mid-morn-ing. Report for 24 boors prior to 7J9 p.m. m July 25 at the airport. Maximum temperature 29.0 Associated humidity 69 Minimum temperature 22.1 Associated humidity 96 Hours of sunshine 2.15 Rainfall in millimetres
      64 words

  • SHIPPING TIMES
    • PORTSIDES
      • 87 13 THE Port of Singapore Authority (PSA) will be organising two management courses for senior and middle-management personnel of port and port-related industries at the PSA Conference Hall, PSA Towers. The first course, entitled "Port Administration and Operations" will provide participants with an overview of port management and operations
        87 words
      • 81 13 UPI FORMER under-secretary of United States Mr Amos Jordan told a joint Japanese-American policy news conference that Japan seems to want a larger role in protecting the sea lanes of the north-western Pacific. But Mr Jyoji Omura and other members of the Japanese Diet said such an
        UPI  -  81 words
      • 86 13 Reuter MEMBER lines of the Far East, Europe Japan Europe, the Hongkong Europe, Philippines Europe and Sabah, Brunei and Sarawak freight conferences announced that based on average exchange rates during July 23, 24 and 25 the Currency Adjustment Factor (CAF) for Japan will be raised four
        Reuter  -  86 words
    • 615 13  -  By GOH ENG KEE UNDERLINING the prospects in the specialised and small-sized newbuildings market for Singapore shipyards, Cal Marine has recently secured two contracts totalling $6 million for the construction of four specialised vessels. Captain Earl E. Stoner of Cal Marine said the first contract
      615 words
    • 512 13  -  By KOH TZE YING SINGAPORE may be taking part for the first time in Oceanexpo, an interna- tional exhibition on the exploitation of the oceans. The exhibition will cover various aspects of ocean activity such as shipbuilding, offshore techniques, harbours, fishing and pollution control.
      512 words
    • 1880 17 SCHEDPLE 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
      1,880 words
    • 542 17 Ski pptag Liar Pmge AC Afe a IV Alpac IV Argon* v* V 4 Arya Nat n 5 ASCL m 5 Aust Coat IV 5 Bank n 5 Banner V 4 BBS n 2 Bm Asia m 3 Ben m 3 Ben Ocean m 1 Bienley V 1 Blue
      542 words
    • 1250 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the
      1,250 words
    • 1507 18 Lloyd's List WEST German shipowners and forwarders are seriously concerned at the extent of "horrific" price undercutting by Russia's TransSiberian Container Line (TSCL), whose quotations are calculated to be up to 60 per cent below conference rates on the competitive Far East run. The
      Lloyd's List  -  1,507 words
    • Article, Illustration
      464 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Apollo Peak (1500 after Jamaica Farewell) 35/36 Blue Matsuyama (RO/RO) (1100) 3132 Chang Ping (after Betelgeuse) 45 Marie Bakke (after Barcelona Mara) 33/34 Nedlloyd Fukuoka (after Nedlloyd Nagoya) 3/4 Palm Sea Horse (Tanker) (after Luke Lu (P/O) 13/14 Shoryu Maru (Tanker) (1100
      464 words
    • 492 18 THE POLISH Ocean Lines is continuing on an ambitious expansion plan to built up its merchant fleet. It has just taken delivery of the 17,245 dwt Adam Mickiewicz, the second from the Szczecin shipyard in Poland. Together with the Josef Conrad Korzeniowski, the first of
      492 words
    • 171 18 UPI BUSINESS closed with no change from the weakening trend experienced throughout the week. Lack of enquiry, particularly on major grain routes, continued to dampen rate prospects and shipowners once more found it necessary to accept reductions. A 39,991 tonner took the low figure of U5514.59 (SSJ2)
      UPI  -  171 words
  • Page 13 Advertisements
    • 496 13 Scan Dutch Fast and Regular Service To/From N.C./SCAN/W.MED./U.K. Singapore Tel *****1. Port Kelang Tel *****1. Kuala.Lumpur Te1'*****. Penang Tel ***** JAKIJIM AMAH I Orient Overseas Co*dciHeA. Line 77i on FULLY CONTAINERISED TO/FROM US WEST/EAST COASTS PNW iSTRA/TS I ARU) VIA FEEDER TO FROM HO.SG KOSG St Mm Bait (*J) 7
      496 words
    • 111 13 UNITED ARAB SHIPPING CO (SAG) a RED SEA DIRECT SERVICE Loading for ati (ZI/8). Jedda* (27/8). Aqaba (1/9) Jeddah (2/9) Hodeidah. Jeddah Jeddah Hodetdah Aqaba Jtddah. Hodftdah. Yeftbo Aqaba SWPMG AGENCfS (Ret No 242K5/OOC) 3RD FIOOB MARVW HOUSE S«GAPO« 0207 Til *****94 TEIEX NO R*****9 CfS OFC PSA Godown Mo
      111 words
    • 494 13 NOL NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE S (xxf p f,tar ss BRCGf rcr COWTWNtS lAn 5Am COM4. 11 12 A* PAUL M 18 An *Cim 21 An 2*l* PtARI 29 An 30 Auk W2* 3 Scot 4 Sept *C£"0" 9 Sept lQSept S S
      494 words
    • 662 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****1. Port Kelang Tel *****1. Kuala Lumpur Tel *****. Penang Tel ***** MAERSK LINE fy 0 Pacrtic Pacitu Noftr Oct GMt t Atlantic [as! Cwdi and Menco tU%c accepting to. Hongkong Taoan lapar anfl n o ej)
      662 words

  • Page 14 Advertisements
    • 765 14 FULLY COHTAINEMSED TO EUROPE PKelanfl H'bvi B'tu»en Bremen Express Benaion Tokyo Bit Carifcfan Bar Tofcio Eipress Mow Maru Kasufa Maru Osaka Bar BenaMet 3/8 4 8 5/8 13/8 15/8 22'8 23/8 29 8 30 8 4/9 5/9 11/9 12/9 19 9 20 9 20/8 22/8 24/8 26/8 3/9 5/9 11/9
      765 words
    • 424 14 Los Anfdft Cratotm Next Loader "BARBER TOBA" Jul) TERMINAL OOOOWN 47. CLOSING lEZ3IES* EZ3*I E Front CANADA USA Pacific Coast i Los vijMrs S«i Francoco Kquul t »p«lss ABA? AN is. «AH A* PORTS I SEM-CONTAfO SERfICf (tCAVT-lfT CATACTPr 200 TOW) To: DUBAI. DAMMAM. KUWAIT ASU DHABI BAM AM. BAM)
      424 words
    • 518 14 0 EVERGREEN LINE FAR EAST EUROPE EXPRESS FUIL CONTAINER SERVICE ACCEPT WG CARGO FOR HAMBURG. FELIXSTOWE. ROTTEROAM. ANTWERP LE HAVRE ALSO ACCEPTMG CARGO FOR UNITED KMGOOM SOUTHAMPTON LONDON MANCHESTER. BIRMMGHAM BRtSTOC. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY wmmfr HOLLAND AMSTERDAM S>»t Ha*w| Frtiitom Mtartea Wn| Lt Not* < M H ta|
      518 words
    • 958 14 Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON t K PAGAN 22/24 Auc Jf BFS.S.C Agents *1 Mokiyvo TEPS MALAYSIA J Port Kelong T«l 138K7355 Penang T«l *****/***** Compania Argentina Da d Navegecton Intercontinental S. A. C.I. F. V y "ARGENTINE NATIONAL LINE" 9 LOAOMG FOR DURBAN.
      958 words
    • 747 14 mo.s.E. i OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103. 2 IST FLOOR MARINA HOUSE SHENTON WAV MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 31 SANKYO LINE AUSTRALIA SERVICE P. Keiang Seigapore Loadng far ta Port Saied FREM. AOCL. MEL Sate) In Port HttS SYD 15/17 At« IS/19 Aug
      747 words

  • Page 15 Advertisements
    • 974 15 Overseas 11 I Containers Limited Weekly service to/from UK/Europe I To UK/Continent Bremen Eiprets 3 k| Benaven 4 Aug Tekjro Bar 1] hi, Cardfcan Bar 22 Auf Totuo Eiprtss 29 Au> Mm Mara Rasufa Mm 5 Sep Osaka Biy U Sep BenaMer 19 Sep Haw*urt Eipress 2t Sep From UK/Continent
      974 words
    • 1031 15 GRANARD LINE RELIABLE I DEPENDABLE NON-CONFERENCE EXPRESS SERVICE WEST BOUND-FAR EAST/MEDITERRANEAN S pore P Keiang Penang loadng for MV MAN CKONG V.29W.. 17 Aug P Said Ale.andna Be«ut Lattita/ Pireaus UV MM) TAT V.3IH Sop P S»d/Aleun<»w Beirut/ lattakia/Pireans AU VESSELS ACCEPTWG CONTAftlt CARGO EAST BOUND MEDITERRANEAN/FAR EAST M.V. MAN
      1,031 words
    • 663 15 7^ BEN LINE CONTAINERS EXPRESS CONTAIO SERVICE TO/FROM EUROPE to turn Bremen Eiprtss Benavon Tokyo Bay Cardigan Bay Tokio Eiprtss Rhine Maru Kasuga Maru Osaka Bay Benakter Hamburg Eipress FROM EUROPE H BURG B HAVEN R DAM HAVRE SOTON W Germany Austria Beneiui France All UK P Ketang Tokyo Bay
      663 words
    • 811 15 Scan Dutch 9 p i i Vi Wa p *>« f»TiJ: i>n I.it.H »7HJifiiii>w: 1»] i: id ~n Egy 2) Ham 3) Hb*| 4) GfcKf 1) Utrt—, Garni) L I) it mm ftlmitiiim Aartas Capariugaa. ItMM 4) Ua. IlilM*. 0* Ml wmgli cf|i tv P K6taM| EASTBOUND FROM MEP/UK/NC/SCANPINAVIA 1)
      811 words
    • 822 15 r BOUSTEAD SH,PP,NG AGENCIES THE BANK LINE LTD. LOUSE LYKES (loads) HOWELL LYKES (loads)... STELLA LYKES (10ad5).... LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobile, Houston, Galveston) Saigapore P Ketang Kuantan US Gtdf S (loads) G42/28 U 7 Se ES (loads) 10/11 fa* 16 Set S (loads) 15/16
      822 words

  • Page 16 Advertisements
    • 1024 16 Kline KAWASAKI KISEN KAISHA, LTD. S S BRIDGE 2 m C CONTAINER ?W N CORAL UW C PAUL 17W K lACEIIN 1W TO EUROPE P Kelang I Havre R dam 1 7 Aug 22 Aug 21 Aug 22 Aug 28 Aug 29 Aug 4 Stpt 5 Sept 10 Sept 11
      1,024 words
    • 804 16 U.S.A./EAST CANADA SERVICE Penang Belawan P Kelang Singapore E.C./GREAT LAKES SERVICE LOAMS F«: VW TOM. NORFOLK. MONTREAL. TORONTO. ASHTABULA Penang Belawan P Kelang Singapore VBHUA TEJ" (Cafc CMcaga) 13/15 A* 11/13 tag 1/10 Aa| "VISHVA OMARMA" 30/31 Ax 21/29% 25/27 Am CALIFORNIA/PACIFIC NORTH WEST SERVICE Loa** <•: LOS ANGELES. SAN
      804 words
    • 567 16 5 A (>roup SINGAPORE SHIPPING AGENCIES PTE. LTD 20TM TLOOP OCEAN BUILDING SINGAPORE MARKETING 91 1122 (3 LINES) GENERAL *****1 (14 LINES! TELEX RS 24b9S RS ***** A 6 CARSMIP CABLE CARGOSMIP SINGAPORE ISLANDS USE MIPDI.t h. AST RH.VLAR USER A SAFE WAY TO SHIP 0V SSA «n S'pert IJH
      567 words
    • 753 16 n m MAt* YSIAN IN TfRNA TIONAI SHIPPING CORPORA VON BfRHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA NEST BOIMD: Aha Aiiaptag far 1) Barcelona. Genoa. 2) Amsterdam. Antwerp I Havre. Bilbao Basle. UK. 3) Bremen. Bremenhaven. Aarhus Copenhagen Helsinki 4) Malmo Stockholm. Oslo Accepting Europe cargo lor feeder na S
      753 words
    • 835 16 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 II Telephone *****11/*****57 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S parc P. Keiang Peiunf Loadng for: UWB4S 31 id In Part Boulogne/Rdm Avon (l)K) NOR ASIA WB4B 25 Aug 29 Aug Avon (UK)/Boulogne/ Antwerp Agents: Singapore HTRASEA (PTE) LTD
      835 words

  • Page 17 Advertisements
    • 408 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT KEL PENANG PT SAD WIXAJOBA MLE U Aug 2 El VESSEL Aug 27 SPHNX U Scot 17 Aug 27 Sept 4 Sept 20 Sept 25 Oct 10 Oct IS M>fKt ndMceaaori MARTRANS
      408 words
    • 364 17 f.T. PERUSAHAAN RELAY ARAN ANGKUTAN PERTAMBANGAN THE ONLY SMGAPORE/NOESIA CONTAKR FEEDER SERVICE AUTHORISED BY WOKSU GOttXMCNT MTH Fill CONTAfO VESSQS EACH CARRYWG 112 VESSEL TAX AM I ALSO ACCEPTWG CARGO FOR HOONESIA GOVERNMENT PROJECT ANO HEAVY MACHHERIES TAX AX) V TAXAXI VI TAMBANG Mi SINGAPORE LOAOMG FOR l/» JKT 14/1
      364 words
    • 485 17 llflN SOCN SHIPPING TRADING CO (PTE) LTD 3a» «jTiC «i.»csn;c« to*: smc»»o»! 'C rr»i:i i M« Si MKT DATANE' M« -BM.WTMC M« OCMT BMUS eta no noK9t soma 7-s-n h i mu*u •t poot J4.79 hub pammne M-79 104-79 MLVVM I—— UIUNC r *V "TAT ur f U» SETAH KHABAL
      485 words
    • 376 17 £HNA OCEAN SHIPPING COMPANY UKC SEMI-CONTAINER SERVICE fan Men NmcT* tfc «M( r«SM •fcang i«t P KELANG PI HANG 29/31 My 5/ 7 Aug 25/28 Aug 27/29 A* PENANG LOADING FOR Rotterdam Hamburg 5/ 7 Aug Antwerp/Rotterdam Hamburg 25/26 Aug Rotterdam Hamburg 27/29 Aug London Antwerp Rotterdam/ Hamburg 25/* Sept
      376 words
    • 398 17 NOTICE i Cargo Space Available for Chittagong and also Other Ports. Reliable Line and Competitive Price. Contractors for Forwarding Clearing Cargo. Dayal Trade Transpart Agency Tel: 22J253S SSniW CELTIC BULK CARRIERS Regular Bulk Service For Timber Plywood General Agents Marathon United Agency Pte ltd Spore Tel: *****66 3 fees) Sub
      398 words