The Business Times, 15 August 1979

Microfilm: NL10295
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 14S/1/7S WEDNESDAY, AUGUST IS, 1979 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Special Asean meeting
      62 1 AP KUALA LUMPUR, Tues. The foreign ministers of Asean will hold a special meeting here to discuss the Indochina refugee problem and the security and political situation in the region. A Malaysian Foreign Ministry statement said the nation's Foreign Minister Tengku Ahmad Rithauddeen had invited his four
      AP  -  62 words
    • Article
      Lock icon Hanoi invites Kriangsak
      62 1 Reuter BANGKOK, Hies. Vietnam has invited Thai Prime Minister General Kriangsak Chamanand to visit Hanoi, a government spokesman said here today. The invitation was extended by Vietnamese Ambassador Hoang Bao Son when he called on Gen Kriangsak after returning from a trip to his country. However, no
      Reuter  -  62 words
    • Article
      Lock icon Malaysia's burden
      72 1 AFP KUALA LUMPUR, Tues. There are now 61,208 Vietnamese refugees in Malaysia compared with about 75,000 at the time of the recent Geneva conference on refugees, Malaysian Deputy Foreign Minister Datuk Mokhtar Hashim said today. Datuk Mokhtar said he was confident that the resettlement of these boat people
      AFP  -  72 words
    • Article
      Lock icon Charges swapped
      78 1 UPI PEKING, Tues. Vietnam claimed today that China has 30 divisions in place for another attack on Vietnam, and China demanded that Vietnam get its troops out of Laos and Cambodia. These charges were exchanged at the 10th session of peace talks aimed at avoiding a repetition of
      UPI  -  78 words
    • Article
      Lock icon Zimbabwe conference
      65 1 AP LONDON, Tues. A full-fledged constitutional conference on Zimbabwe Rhodesia will open at Lancaster House here on Sept 10, the British Foreign Office announced today. Invitations have been sent to Bishop Abel Muzorewa, Prime Minister of the former British colony, and to Patriotic Front guerilla leaders Joshua Nkomo
      AP  -  65 words
    • Article
      Lock icon Flash floods toll
      70 1 Reuter NEW DELHI, Tues. The death toll in flash floods caused by a burst dam in the western Indian industrial town of Morvi could reach 10,000 to 15,000, a state political leader said today. Though the official death roll has been 1,000 since the disaster occurred, on
      Reuter  -  70 words
    • Article
      Lock icon Dow Jones
      66 1 UPI NEW YORK, Tues. The stock market was mixed early today as some investors cached in on recent gains. Trading was active. The Dow Jones industrial average, which climbed 8.20 points on Monday to a four-month high, was off 0.25 point to 874.99 in early trading. Advances led
      UPI  -  66 words
  • Article
    Chief Price Changes
    127 1 Rises Indices Malayan Tin 1850 70 B.T.Index: Aug 13 Aug 14 Kramat 500 50 2354.21 2371.63 Tasek Cement 420 44 Industrials: 395.41 397.82 PMC 400 30 Finance: 719.57 719.47 Kamunting Tin 338 28 Hotels: 289.43 288.97 Tan Chong M Cement 412 350 170 18 14 13 10
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  • Article, Illustration
    KUALA LUMPUR
    135 1 Rises Indices K Kampar Petaling Malayan EAI M Cement PMC Tasek A Hitam Tan Chong Tongkah 428 1020 1870 424 350 402 420 1350 412 420 66 +50 50 34 28 28 26 20 18 16 Aug 13 Aug 14 B.T.Index: 3348.58 3407.15 Industrials: 423.23 427.67 Finance: 619.87
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  • Article
    SIA lashes out to win them over
    996 1  -  PROTECTIONISM IN DISGUISE By WANG LOOK KEAH SINGAPORE Airlines has for the first time taken the Asean fight against the International Civil Aviation Policy (leap) into the Australian camp. Speaking at the Australian Federation of Travel Agents (AFTA) conference in Manila yesterday, Mr
    996 words
  • Article
    MISHANDLING OF ICAP SCHEME
    152 1 THE leader of the Australian opposition Labour Party, Mr Bill Hayden, yesterday said his country had mishandled negotiations with South-east Asian nations over its cheap air fares scheme. "The air fares pricing structure has been very badly handled, in a piecemeal way and a provocative manner,"
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  • Article
    Inchcape sees strong upturn in earnings
    400 1  -  By MANO SABNANI ONE of the largest conglomerates listed on the stock exchange, Inchcape Bhd, reported a strong recovery in profit for the first six months of its financial year. True to market expectations, the group's pre-tax profit for the interim period (to June
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  • Article
    Bus fares up Sept 1?
    211 1 THE Ministry of Communications and the Singapore Bus Service are expected to reach an agreement on proposed bus fare increases by the end of this week. It is believed that SBS has asked for non-uniform increases but it has been speculated that the increase will
    211 words
  • Article
    July CPI registers this year's highest monthly increase
    279 1 CONSUMES prices eaatfaaed to rtee la Jaly far the fourth etneeatlve anath this year. Las! maath's eaasamer price Index (CPI) registered the highest maatkly laereue this year «f 1J per eeat ever Jue. This latest maathly surge la the CPI laileates tkat
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  • Article
    Cement may cost up to 10 per cent more soon
    461 1  -  By LEE YOKE MENG LOCAL cement prices may soon increase by 10 per cent. This will spark another round of price increases for the construction and related industries. The last cement price increase was ia October last year. Higher clinker
    461 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      26 1 whatever you need in menswear.get itat... MOHAN'S,DEPT. STORE (PTE.) LTD. 321 Orchard Road let *****22 (next to Mandarin Hotel) ftanch.'lOVfeNfln Shopping Centra W*****48 Daily :9am-9 pm
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    • Advertisement
      Page 1 Advertisements Column 2
      242 1 McCarthy Information Services (UK) We invite the Singapore business community to subscribe to the UK-bawd McCarthy Information Services at the same price as British subscribers receive these weekly services in the United Kingdom. This has been made possible because the services are air-freighted to Singapore in bulk and distributed by
      242 words
    • Advertisement
      Page 1 Advertisements Column 3
      62 1 SHIPPING TIMES TRADE deficit widened la Jue VITB to Mi sales assistaat..... BEIJING paves way to ahssrfc foreign kn«w-k«w...................... OPEC members selling mare sil on spat market INNOVATIVE Misttoos to eaergy problems...— STATE sf aatomattoa at laeal GUTHRIE la joist fertiliser' veatare It MEMOPAD t, FTJGHTB ft, TV AND RADIO
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    • Advertisement
      Page 1 Advertisements Column 4
      206 1 ROTAL SPORTING HOUSE PTE LTO 201. Ntgfi Strwt C«nfr*. Singapore 6 T«l 2KMS3 A 2HM54 Leader ...Page t Push the button and run With the Copia 1600 there's no ongtroK or»d to temporarily interrupt a warm-up time: switch on and copy, programmed cycle to allow other originals Clean, crisp copies
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  • TRADE AND INDUSTRY
    • Article
      RESPONSE TO COMPUTER EXPO THRILLS EXHIBITORS
      313 2 EXHIBITORS at the Compute '79 exhibition were extremely satisfied with the response they received and many expect to process enquiries within the next few weeks. The four-day exhibition which ended yesterday was attended by over 2,000 visitors, both local and regional. Among the visitors
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    • Article
      Singapore trade deficit widens
      515 2  -  By LEE YOKE MENG SINGAPORE'S trade deficit increased by 11 per cent in the first half of this year from the same period last year, with both exports and imports increasing at a rapid pace. The deficit was $3.42 billion compared with $3.10 billion in the
      515 words
    • Article
      Research project completed
      136 2 A CIVIL engineer has completed a research project on simplified computer analysis of multi-storey shear wall-frame buildings. The Science Council of Singapore said the project was successfully completed by Mr Koh Ming Sham under the Council's Applied Research Award Scheme. Under the project, Mr Koh looked into
      136 words
    • Article
      On chromium and nickel
      47 2 THE DEPARTMENT of Extramural Studies, University of Singapore, will conduct a 12-lecture course on Nickel and Chromium Plating in Nissen Hut 7A every Friday from Aug 31. The lecturer will be Dr Hsieh An Kong from the Chemistry Department. The fee is $60.
      47 words
    • Article
      VITB to train sales assistants
      325 2 THE Vocational and Industrial Training Board (VITB), in conjunction with the Singapore Retail Merchants Association (SRMA), is planning to start a training course for sales assistants. The course, scheduled to begin in January 1900, aims to improve the standard and profesionalism of retail services in
      325 words
    • Article
      Save power with better lightings
      412 2 GREATER effort to conserve energy consumption In Singapore through proper lighting should be made, as the country spends about 5 per cent of its oil bill on lightings. Making this point yesterday at a seminar on lighting concepts, Dr D. Fischer, a lighting expert from
      412 words
    • Article
      Archives plan
      38 2 THE National Archives and Records Centre plans to expand the services it is offering to government bodies, particularly in record management, conservation and microfilming, when it moves into its bigger premises at Hill Street Police Building.
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    • Article
      ON-LINE FARE SYSTEM
      79 2 BRITISH Airways has implemented an automated fare quotation system using its reservation computer. The system will enable the airline's staff to obtain instant information on fares. This will reduce the time taken to answer inquiries from passengers, especially those involving complex routes. With this system, all fares
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    • Article
      MEMO PAD
      477 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
      477 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      473 2 TRADE with CHINA OCTOBER 11 12,1979 Applied Research Corporation and Business Times (a member of The Straits Times Group) will be organising a top lever conference on TRADE WITH CHINA. The two-day conference will be held in Singapore on October 11 and 12,1979 at the Shangri-la Hotel. •> The conference
      473 words
    • Advertisement
      Page 2 Advertisements Column 2
      2 2 Leader..page I
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  • REGIONAL
    • Article
      Sabah 'yes' to 16 projects worth $147m
      198 3 SABAH has approved sixteen more industrial projects with a total investment of Msl47 million. A spokesman for the Department of Industrial Development in Kota Kinabalu said employment will be provided for about 1,400 people when work begins in the plants within the next
      198 words
    • Article
      Lock icon China to receive preferential treatment in '80
      235 3 UPI JAPAN has started preparations to accord China preferential tariff treatment starting in 1980 in an apparent effort to catch up with similar moves by Europe and the United States, a major financial newspaper reported yesterday. The Nihon Keizai Shimbun said in a
      UPI  -  235 words
    • Article
      Lock icon Tokyo imports up
      132 3 UPI HIGHER oil prices drove Japan's imports to an alltime monthly high in July, surpassing exports for the third time in four months, the government reported yesterday. Preliminary figures released by the Finance Ministry put July's imports on a customs-cleared basis at US$9.lO billion (Ss2o billion), up
      UPI  -  132 words
    • Article
      Lock icon Hanoi beefing up Kampuchean cities claim
      699 3 AP UPI THE fallen Kampuchean regime of Premier Pol Pot claimed yesterday that Vietnam had sent fresh reinforcements into several key cities in Kampuchea during July and August to prepare for a new major offensive. The Voice of Democratic Kampuchea, monitored in Bangkok, said
      AP; UPI  -  699 words
    • Article
      Lock icon TAIWAN TRADE UP
      251 3 AP TAIWAN'S foreign trade in July totalled U552.76 billion (about Sss.B billion), an increase of 23.3 per cent or $522.5 million from a year earlier. Economic officials said exports for last month hit $1.50 billion, up $273.7 million or 22.2 per cent, and imports reached $1.26 billion,
      AP  -  251 words
    • Article
      Lock icon South Korea expected to devalue currency soon
      294 3 UPI AP SOIITH K*m, severely Ml by the reeeat ail price Increases, is expected te devalae Its earreaey to ride •at aa ecaaamlc stamp, Japaa'a JtJI press reported yesterday. The Sutk Kareaa Gsverameat established the staadard foreign exehaage rate at 484 wen (8)2.4)
      UPI; AP  -  294 words
    • Article
      Petronas alleviates Thai diesel shortage
      335 3 PETRONAS will supply Thailand with another 20,000 tonnes of diesel to help alleviate the country's acute diesel shortage. The consignment will be made in the immediate future. The national oil company has so far, sold 20,000 tonnes of diesel in two consignments and a similar
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    • The region in brief
      • Article
        Lock icon REDUCED DEBTS
        453 3 Agencies INDONESIA'S state-owned oil company Pertamina has reduced its outstanding debt to US$3.4 billion (557.4 billion) from an estimated $10.5 billion in early 1976, State Minister for Administrative Reform Sumarlin said. He said the company now was on a sound financial footing and the remaining debts involved the
        Agencies  -  453 words
    • Article
      Lock icon Beijing paves the way for transfer of know-how
      625 3 STANDARDISATION RULES UPI CHINA has standardised regulations for the introduction of advanced foreign technology. Disclosing this, Xinhua News Agency said the State Council (Cabinet) has issued a circular pointing out that ''standardisation is an important part of organising modern production and is
      UPI  -  625 words
    • Article
      Ford dismisses 80
      313 3 FORD Philippines, one of the country's top corporations, has fired about 80 Filipino employees amid a wave of inflation that's beginning to jolt most breadwinners there, well-in-formed sources said. One of those dismissed, Roger Arengo, said the company gave no reason for the dismissals. He complained that
      313 words
    • Article
      AIR LANKA WILL NOT JOIN lATA
      91 3 AIR LANKA, Sri Lanka's new national carrier which will lake off on Sept 1, will not join the International Air Transport Association (lata) and will be willing to offer cut price tickets on routes where market conditions warrant, an airline spokesman said. "We would
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      75 3 T. /sfi T T 1 Jardint Marketing Services UNION PACIFIC -PACIFIC ORIENTED With ovtt 9700 milts of rail in tha USA Wast. Union Pacific satvas mora major wast coast ports than any othar railroad And with staffs of experts dockstda tocoordmate ntermodal shipments qu«c*ty. dtpandaMy. economrcaty For details on rates,
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    • Advertisement
      Page 3 Advertisements Column 2
      20 3 'J it m >52 V\ GENERA* Many models from 4,000 to 60,000 K/cai/hr Super quiet console units for home use.
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  • RAW MATERIALS
    • Article
      Lock icon Jakarta may cut rubber exports
      284 4 Reuter INDONESIA'S Trade Ministry is expected to ban between 15 and 20 per cent of all Indonesian rubber from export, executive director of the Indonesian Rubber Producers Association (Gapkindo), Harry Tanugraha said. Mr Tanugraha said Gapkindo called for the ban in an attempt to raise
      Reuter  -  284 words
    • Article
      Lock icon RECORD CROP
      164 4 UPI THIS year's US grain crop is expected to total a record 281 million tonnes, a 2.5 per cent increase above last year, the US Agriculture Department said on Monday. Despite prospects for a record crop, sharp increases in foreign demand are expected to force a reduction in
      UPI  -  164 words
    • Article
      Produce exchange
      331 4 THE general tone of the Singapore produce market yesterday was weak in the absence of any buying interest from overseas. The pepper sector of the market continued to be quiet with hardly any buying at all. Dealers contacted held that prices remained relatively unchanged. About 1,000 tonnes of
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    • Article
      Soybean
      121 4 SOYBEAN futures closed 13 V* to nine cents a bushel lower in Chicago on Monday. Prices firmed from earlier losses on heavy buying in the afternoon by a commercial, traders said. Traders also noted mixed commission house trade, attributing buying in the nearby contracts to firm export demand. Selling
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    • Article
      Wheat
      68 4 WHEAT futures were 11 to six cents a bushel lower at midsession on Monday in Chicago. Traders said last Friday's Department of Agriculture forecast of a large US wheat crop' prompted' opening liquidation. Opening declines quickly led to commission house stop-loss putting additional pressure on prices. Trading was moderate.
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    • Article
      Hongkong Comex
      161 4 THE sugar market closed easier in continued quiet trading yesterday, dealers said. September closed at US 8.70/75 cents against Monday's 8.80/85 close, October at 9.00/05 against 9.05/10 and July at 10.80/85 against 10.85/90 cents. Cotton trading continued the recent quiet trend with no trades registered, as on Monday,
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    • Article
      Textiles
      136 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Ottea yan: China Blue Phoenix 20e 2.250; 32s 2.800, 3,015 (per bale at 400 lbs). Piece pih; China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq;
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    • Article
      RUBBER
      295 4 THE Singapore rubber market closed uncertain yesterday with September One RSS buyers quoted at 287.75 cents per kilo, down 0.75 cents from Monday's close, dealers said. The morning session closed easier with September One RSS buyers quoted at 287.00 cents per" kilo, down 1.50 cents on Monday's close. After
      295 words
    • Article
      RAS PRICES
      340 4 R A S prices In cents per kilo yesterday. Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt (.o.b. 288.75 289 75N Int. 1 R.S.S. September 286.75 287 25 Int. 1 R.S.S. October 286.75 297.25 Int. 2 R.S.S. 282 00 278.50N UK/Cont ***** 277iON Int. 3 R.S.S. 275.50
      340 words
    • Article
      SSR and SMR
      100 4 NOON SSR and SMR pncm ymt IAI SSR 20 (1-toa pallet) SSR SO <1 ion pallet) erdar (CWKUTMU) Bayer* Seller* 27S.00N *****N ***** 274 00N October (Forward Mtk) Bayer* Seller* 275.00 277.00N 272.00 274 00N MRELB SMRCV SMRL SMR GP SMR 5 SMR 10 SMR 20 SMR
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    • Article
      Straits tin
      70 4 THE STRAITS tin price la Penaag eased MS4 per pleal to M 51,871; this is $74 below the lateraattoa al Ha Agreement ceiling, dealers sakl. lie easier tone reflected the weakaess of sterling agalast the Malaysian dollar, despite Leadea's late steadiaess, they said. There was light general baying,
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    • Article
      Closing prices
      31 4 Rubber: Aug 14 Singapore: September: 287.75 cents (down 0.75 cent) Malaysia: September: 287.50 cents (down 1.25 cents) Tin: M 51,876 (down $4) Official offering: 187 tonnes (up 2 tonnes)
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    • Article
      Rice
      255 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-gooown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0.95, 100 per cent second class 0.85, 100 per cent third class 0.80, 25 per cent new crop no stock, B-10 per cent 0.70 THAI BROKEN: A-super 0.62, Special 0.56.
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    • Article
      LONDON MARKETS
      691 4 ALUMINIUM: The metal gained £7.5 for cash and £7 < for three months at midday i yesterday. The easier trend in sterling against the US < dollar and the tight nearby position were the main factors in the firmer tone. Some UK and West German enquiry was circulating
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    • Article
      Palm oil
      69 4 C.I.P. North European ports, tn US dollars per ton unless otherwise stated. LONDON: Mod Previous Malaysian 5% ffa bulk per tonne Oct 647 50slr 6647pd Nov unch 647pd Sumatra 5% ffa bulk Aug 665slr 665sIr Sept 660s) r 662.50s1r/ 660pd Oct u657.50slr 660slr Nov 657.50slr 657.50slr Nigeria 5%
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  • ASIAN STOCKS
    • Article
      Lock icon Market remains inactive
      481 4 TOKYO Source: DBS-Daiwa THE MARKET was generally inactive yesterday, since a "summer holiday mood" continued to dominate the market. Foreign investors continued to take an active stance regarding neglected highquality stocks. In the morning session, medium-priced, mediumsized pharmaceutical and light electrical issues contin- ued to rise in
      Source: DBS-Daiwa  -  481 words
    • Article
      Bangkok
      221 4 AUG 44 Bahu A*la Credit Asia Fibre m 1*4 -4 •1 Ajruthajra In* And Trust Ml Bangkok Investment Bangkok Bank Bangkok Drying And Stlo Bangkok Insurance Bangkok Metropolitan Ban MO fit no* -a unch unch Bangkok Nylon Bans C* Asia Bank Of Ayudbaya Ltd as in 2» unch unch
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    • Article
      Manila
      82 4 AUG 14 Pem Aeoje Mining a Urn* Coa. A AUu Con. B. MJO -0-2 Bfcfujo OoM XOi -04m Bcnptct Con. B MJO Bf r<mw1rvh 1*7 *m unch rnrp -OJ Inco •> L*ndoil J»1S6 ***** Lepcntb B 1T» ♦OJWS Mannduque B Ut Mertieo 1TJ0 -u ♦u oooas ■Oriental A Oriental
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    • Article
      Sydney
      254 4 AUG 14 Cent* INDUSTRIALS A. C. I. 200 A. N I. 180 -5 A. P. M. 138 1 Ampol Pel 10 unch RHP 852 -3 Bank NSW 384 -3 Boral 230 unch RnmhlM ITS unch C B. A 255 C. 8 R. 387 I Coal Allied 880 4 Dun
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    • Article
      Hongkong
      325 4 PRICES closed lower yesterday on profit-taking and local liquidation, with market sentiment depressed by fears of a possible rise in interest rates, dealers said. Prices eased quickly in the afternoon following a firmer opening, before steadying at the close with blue chips, leaders and properties most affected and the
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    • Article
      Selected indices
      62 4 FINANCIAL TIMES INDUSTRIALS Monday 475.8 Friday 470.0 Week Ago 455.7 DOW JONES AVERAGE INDUSTRIALS Monday 875.26 Friday 867.06 Week ago 847.95 London dollar PREMIUM Monday 28'« to 28'. Friday 28 to28» H.K.HANG SENG Tuesday 619 8® Friday 625 78 Week ago 608.58 SYDNEY INDUSTRIALS Tuesday 502.47 Friday 501.04
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      247 4 PENGUINS Wordpower: Edward de Bono 265 special words are covered here. This big new book from de Bono, author of Lateral Thinking, makes available for the general reader an invaluable store of the vital words which form part of the living vocabulary of every thinking man. The War Lords: A.J.P.
      247 words
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  • OVERSEAS
    • Article
      Lock icon US may face stagflation
      374 5 UPI AP US ecoaomlat Mr Gary Wenglowski says that far the aext year aad a half, the US will experieace 'stagflatiea' a stagnant eeaaamy combined with a slawly declining hlrh laflattoa rate. Mr Weaglewski offered his views la the earreat issae of The Pocket Chartraam,' a
      UPI; AP  -  374 words
    • Article
      Lock icon Sea law treaty is still very much at sea
      750 5 AP AFP DELEGATES to the UN Conference on the Law of the Sea has given up on their goal of producing a formal text for a sea-law treaty open to amendment at the current session ending Aug 24. But they vowed
      AP; AFP  -  750 words
    • Article
      Lock icon WHEN AIR SAFETY IS SACRIFICED
      192 5 AP AIRLINES in the US have been allowed to bend safety rules on crash procedures and equipment, a flight attendant told a US congressional subcommittee on Monday. "There should be no bending of the rules, no exemptions, no deviations, waivers or whatever they are to
      AP  -  192 words
    • WORLD IN BRIEF
      • Article
        Lock icon HIGH-LIVING RAPPED
        584 5 Agencies IN AN extaordinarily frank self-criticism, a major UN aid agency has attacked high-living foreign experts in third world countries who know little about the people they are supposed to help. The UN Development Programme (UNDP) said that typical aid experts focussed almost entirely on technical assistance and
        Agencies  -  584 words
    • Article
      Lock icon Opec members raise spot sales
      750 5 CLAMPDOWN IGNORED AFP Reuter SOME members of the Organisation of Petroleum Exporting Countries (Opec) are again increasing their sales on the spot market where very high prices are obtained for crude oil. New York oil industry sources said on Monday. The Sourczhat Dubai, a member
      AFP; Reuter  -  750 words
    • Article
      Lock icon America's assurance to Israel mixed with a caution
      357 5 AP THE Carter Administration renewed assurances of support to Israel but cautioned that even friendly nations may have different interests. The two-fold message came in a speech by Mr Robert Strauss, the chief US mediator in the Middle East conflict, to the
      AP  -  357 words
    • Article
      Lock icon Two to the rescue
      313 5 UPI AN unorthodox technique will be used to stop the oil and gas flow at Ixtoc One, off the Mexican coast in the Bay of Campeche, the site of the world's worst oil blowout. Jules Marois, 46, and engineer Guy Doin were asked by the Mexican
      UPI  -  313 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      601 5 ARRIVALS Service Local Operator Number Time From RBA BI421 0930 BWN MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP GIA GA90O 1030 HLP SLA SQ103 1045 KUL SIA SQ211 1045 HLP MAS MH605 1045 KUL GIA GA944 1055 PKU GIA GA90B 1100 MES UB UB231 1115 RGN
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      146 5 w at V Br 4 !> .•5 y> 'i ;1 m v i 1 yg£r IhM .T>V -r fter' v-1 r--4 M If ycxir business target is the world, your bank should know how to get you there. Consider IBS International Bank of Singapore. IBS is big. We're backed by
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  • Article
    Try the common index system
    392 6 IT MAY have become an accepted practice by now for contractors to work into their contracts price escalation clauses that protect them from unanticipated increases in the cost of materials used in projects they undertake. At a time when sudden price increases are common, such
    392 words
  • Article
    VITB has a good selling point
    231 6 THE slogans of the annual courtesy campaigns will be but empty slogans mouthed by Singaporean lips set in wooden and begrudged smiles if there is no genuine understanding of the need for courtesy and proper inter-personal relations. It is therefore most welcome news that
    231 words
  • Article
    Lock icon Healthy roots of German industry
    1234 6  -  The key to West German industrial harmony, writes CHRISTOPHER LORENZ, is the "small but beautiful" philosophy which confines much of the negotiation between employer and trade union to the works council. CHRISTOPHER LORENZ FT THE STRAINS of the past three years notwithstanding, the relatively peaceful
    FT  -  1,234 words
  • Article
    Lock icon Innovative solutions to energy problems
    949 6  -  By MALCOLM BROWNE NYT A HUGE body of new technology is being disclosed this week by some 700 of the world's most innovative engineers, who believe that solutions to pressing global energy problems have already been found and that the technology can be applied as
    NYT  -  949 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      111 6 Draw a crowd to a sale or sell a drawing of a sale. Leisure Times is right on target For as little as $15. you can sell a house, fetch a good price for an antique or talk about that cozy Italian restaurant you have just opened in Leisure Times.
      111 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1374 6 Brazil's football giants YOU will pretsMy have realised by new that ttt» year mark* the centenary of Albert Etateirt Mrth4ay. Aad If yea are eae of theee mm BdrmttOc types whe ha* always wandered Jast what the tameas eqaattea, E MO, ha* te te with year daily Ufe, let Peter
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  • Article, Illustration
    Automation in local banks
    1240 7  -  With the advent of Electronic Fund Transfer (EFT), the banking and retail industries will be leading the way into the new age of automation. SOONG CHOK YEAN, a management consultant with Peat, Marwick, Mitchell Co, discusses the imminent introduction of EFT into Singapore. SOONG CHOK YEAN
    1,240 words
  • Article
    STRAWS IN THE WIND
    253 7 IN its glossy publication "The Pursuit of Excellence An Island and its Airline", SIA writes on various aspects of the group's success over the years in neat prose superimposed over beautiful photographs. There are chapters on "The Corporate Philosophy", "The Backroom Boys", "Staff Training and Development"
    253 words
  • Article
    Lock icon Comparative advertising: When to knock and not to
    1157 7  -  FOBOMj With MICHAEL THOMPSON-NOEL FT SHALL I COMPARE thee to a Volvo, an Audi, or the Fiat 127? To Qantas, or Lufthansa, or TWA? One of the most vigorous debates in marketing concerns the use of comparative advertising. Is it honest? Is
    FT  -  1,157 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      42 7 KEEP UP WITH YOUR MANAGING DIRECTOR Subscribe today and save more than 20% off the newsstand price.... Just complete the coupon below and mail it, together with payment, to: Times Publishing Bhd. AWSJ Subscription Dept. Times House River Valley Road Singapore 0923
      42 words
    • Advertisement
      Page 7 Advertisements Column 2
      261 7 Now! The Buku Herah offers you an ever more effective way of selling your products and services In the Buku Merahs pink pages, classifieds business section It pays to be listed in the Straits Times Directory of Singapore. Singapore businessmen have known that for the last 82 years and that
      261 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        212 8 AUG 13 f'ls ABN 345 00 >5 Ahold 92 50 2.5 All 20 29 70 0.4 AMEV 9640 -04 Amfas ***** 1.2 Amroi Bank 74 30 15 Bergoss 6000 2.3 Berk 96 30 unch Bo Is 67 30 40 1 Borsumij 168 00 -3 Burhmann 63 60 0.1 Byenkorf
        212 words
      • Article
        Paris
        277 8 AUG 13 Frs CORBE1LLE Air-Liquide 478 -0.5 B S N Gervais Danone 720 -5 CSF (ThorasonCsf) 420 SO -8.7 Of Francalse des PetrolfS 19n 8 Compagme Finannere Compagnie 351 1 General" Credit Foncier De France 475 10 ZI Hachetle (Librairie) 221 1 Machines Bull 60 90 01 Micftelin (B|
        277 words
      • Article
        Frankfurt
        233 8 AUG 13 Dm Aef-Telefunken 46 80 06 Akzo 26 80 4-0.4 Allz Leben 762 00 4-7 Alii Vers 483 00 55 BASK ***** Bay H T Wbank 252 00 Bay Vbank ***** -15 Bayer ***** *12 BBC 285 00B BMW 182 OOB Caxsella 352 OOB Chem Verw ***** -1
        233 words
      • Article
        Zurich
        189 8 AUG 13 Francs Actions Suusn 298 unch Aiusuisse Br. 1290 -5 Aiusuisse Reg 506 43 Brown Boven Br 1900 10 Ciba Geigy Br 1275 5 Ciba Geigy PC1035 unch Cita Gelgy Reg 698 •1 Credit Suisse Br 2260 4 10 Credit Suisse Reg 434 4-4 Zlektrowatt Br 2140 10
        189 words
      • Article
        Brussels
        96 8 AUG 13 FT* FORWARD MARKET Acff 434 -2 Arbfd 2600 -5 Astur 550 -14 Bra scan 602 >2 Bru-Lamb 1730 -30 Can par 876 18 Cock 439 •1 l> Beers 250 -3 Ebes 2190 -5 Etectrobel 6460 -50 Gb-Inno-Bm 2595 -45 Gev 1196 2 Hobok 2810 -25 Pftro 4970
        96 words
      • Article
        Milan
        107 8 AUG 13 Lire Anie n 2 Assoc Gen ***** -80 Bastogi 785 -2 (.> ntralf S5ie -49 Klal 2583 *3 (■insider 135.50 1.25 Gen Immob 79 50 unch IFI Prl 286# *n Italcemenu ***** •100 lUlgas 790 -4 luljider 347 50 -8 5 MagneU M Pf <29 4 Marelli
        107 words
    • Article
      Heavy trading
      1283 8 NEW YORK THE STOCK market added to last week's gains by staging another broad advance in heavy trading on Monday. Investors were encouraged by the market's strength last week despite bleak economic news which included a 1.1 per cent rise in wholesale prices and further growth in the
      1,283 words
    • Article
      TORONTO
      214 8 AUG 13 C$ Abittbi 19 Alcan 41'-• 1»Algoma 27«. 'j Bank Mont 25'- Bank Nova Scotia 24'. unch Bell Tel IV 2 Brth Corp BP Can Lid 27'Br a.sr an 23 Camp Red Lake 21 Can Imp Bk 27 Canpac 34 Canpar Inv Pf 16 B unch Carling O'Keefe
      214 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      609 8 See Page 4 for Asian stocks See Page 9 for Jo'burg prices Where to wine, dine and entertain (Cockpil t^olrl Come, 'sample' an experience! DOLPHIN I CAFETERIA Trade Ce Delectable local dishes and Western lunches set in daintily stylish Scandinavian decor. Popular SELF-SERVICE lunch daily. From 10.30 am to 3.00pm
      609 words
    • Advertisement
      Page 8 Advertisements Column 2
      38 8 !> jiiFrench Cooking needs French Chef. We have him at La Chaumiere. I wnch 1 00 pm to ?.30 pm D nn.M 7 00 pm tn 1 1 00 pm Cosed on Sunday d 0" LA CHAUMIERE T.'i ?3bOC?6
      38 words
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  • BANKING AND FINANCE
    • Article
      New lending guildelines
      366 9 NEW LENDING guidelines for commercial banks will probably be released by Bank Negara in the next few weeks. This was disclosed on Monday by Bank Negara officials at their closed-door session with representatives from the commercial banks. While details of the proposed new guidelines are not known,
      366 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        442 9 IN a market marked by relatively quiet trading, the US dollar closed slightly stronger against major currencies yesterday. The US dollar displayed a firmer undertone as operators speculated on a tightening of monetary policy by Mr Paul Volcker, the new chairman of the US Federal Reserve, in the
        442 words
      • Article
        London
        204 9 THE US dollar opening showed a firm trend yesJ terday in quiet opening dealings ahead of the day's Federal open market committee (FOMC) meeting, dealers said. The dollar opened at 1.8312 22 marks compared with 1.8270/80 in late Hongkong trading yesterday and with New York's 1.8282/88 close on Monday.
        204 words
      • Article
        JOHANNESBURG
        325 9 ItttttAVG 13 Rand INDUSTRIALS A Alpha 165 5 A be rcom 260 20 AE And CI 450 10 AMIC 1550 25 Barlows 596 -*-5 C| Sugar 670 5 CNA 265B 5 Currie Finance 93 -♦•3 De Beers Ind 1625B Edcon 360B unch Edgars 4000 -100 Eveready Fed Volk 210
        325 words
      • Article
        Gold
        321 9 THE SINGAPORE gold futures closed sharply lower yesterday compared with overnight levels in moderate trading, dealers said. Opening quotations were marked down between US$6 50 and $7 an ounce following easier overseas gold prices and thereafter eased marginally during the quiet morning's trading. It fell further in the afternoon
        321 words
      • Article
        Asian $ rates
        180 9 Asian rates ASIAN currency deposit interbank rates as at close on Aug 10: 7 days 1 month 2 months 3 months 6 months 9 months 12 months US Doll*rt(SpoM Offer Bid 111/16 1015/16 ii'. us lis 1111/16 11 9/16 11' i 11S US 11 111/16 1015/16 1 month 3 months
        180 words
      • Article
        Discount
        48 9 RANGE of prices offered by discount houses on Aug 14: Overnight 3M V* Call deposits Sft CMm Bajriaf SciliBf 3 month Treasury bills 51/16 4 15/16 3 month Bank bills 713/16 711/16 3 month CD 713/16 711/16 6 month CD Tm 7V. Source: National Discount Co Ltd
        48 words
      • Article
        PLR
        21 9 THE average rale at which Singapore banks are currently prepared to lend to their best customers is 8.4 per cent.
        21 words
      • Article
        Australia/NZ
        55 9 AUSTRALIA/NZ exchange quotes on Aug 14: US dollar 1.1322/1.1274 Sterling 0.5096/0.5028 Ninety-day air mail buying rates: Sterling 0.5316 US dollar 1.1702 Ninety-day forward buying rates: Sterling 0.5143 US dollar 1.1337 NEW ZEALAND: Reserve Bank midrate: US dollar 1.0142 Trading Bank indications: Sterling 0.4558/0.4529 US dollar 1.0192/1.0092 Ninety-day airmail buying
        55 words
      • Article
        Hongkong
        195 9 THE US dollar was quietly steady against major currencies in late trading as operators awaited the outcome of the US Fed open market committee meeting yesterday, the first under new Fed chairman Paul Volcker, dealers said. News of a U*****.07 million Japan July customs clearance trade deficit was largely
        195 words
      • Article
        Tokyo
        138 9 THE US dollar for overnight delivery closed firmer yesterday at 216.80 yen, compared with a 216.70 opening and 216.15 at yesterday's close, dealers said. Trading was quiet, with volume totalling US$374 million. The dollar fluctuated fractionally in quiet late trading after early firmness, following reports that Japan's July customs-cleared
        138 words
    • Article
      Lock icon Sarabex breaks into an exclusive brokers' club
      261 9 Reuter A SWISS-BASED firm en Maaday became the first foreign member if the exelnrive elnb af Lendan meney broker* after a fear-year fight, iaciadiag a eampialat against the Baak af England to the Earoppaa Ecanamle Cammaalty (EEC) ia Broalela. The Baak at Eaglaad
      Reuter  -  261 words
    • Article
      Housing schemes get promising response
      726 9  -  By RUTH CHENG RESPONSE to the new housing loan schemes appears to be very good. Last month, Credit Post Office Savings Bank (POSB), Hong Leong Finance Group of Companies and Development Bank of Singapore (DBS) Finance advanced schemes whereby house buyers may be able to
      726 words
    • Article
      More and more confusing
      276 9 WHAT effect do higher oil prices have on the foreign exchange value of the dollar? Chase Manhattan Bank's latest bi-weekly economic bulletin says some analysts have argued that a rise in oil prices could help the dollar. They have typically emphasised the notion that the distruptive
      276 words
    • Article
      EAB issue twice over-subscribed
      137 9 EUROPEAN Asian Bank's (EAB) five-year US$l5 million floating rate negotiable certificate of deposit (FRCD) fame has taken the market by storm. In a single morning last Monday, when it was put on sale, the issue was twice over-subscribed with investors pouring in from the region, Europe,
      137 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      348 9 Nationale-Nederlanden International Insurance Group Good results and continued growth in 1978 The Group's 1978 Results and Dividend —Net profit increased by 21 to DFIs 248.3 million —Net profit per share rose to DFIs 18.09(1977: DFIs 16.35*) —Dividend per share increased 16% to DFIs 5.50 (1977: DFIs 4.75*) •Adjusted for the
      348 words
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  • BUSINESS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1507 10 BID and offer prices officially bated and hmtne— In and reported to the Stock Exchange of Singapore yesterday with the number of share* traded shown in brackets in Vols of 1.080 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
      1,507 words
    • Article
      Government bonds
      167 10 4 1/2% 1/8/80 (250.000) (99 108 *****) 4 3/4% IS/9/SO (250.000) (99.238 *****) 6 3/4% 1/6/78-80 (250.000) (100 3SB 100 455) 5 1/2% 1/5/78-81 (250,000) (99.908 *****8) S 1/4% 1/3/81 (250.000) (***** 99 70S) 5% 15/4/81 (250,000) (99.158 *****) S%TF 1/5/83 (250,000) (100.068 *****8) 5 3/4% T F
      167 words
    • Article
      Stock options
      91 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 theiiumber of options traded shown in brackets. Haw Par (Sept $1.20) (0.348 0.405). Hune F E (Sept 11.60) (0.50B). laeheape (Sept $1.50)
      91 words
  • Article
    SHARE INFORMATION SERVICE
    2707 10 Gr'a Gr* Net 1979 Last Div Div Y'W P/E Vol Day High Low Company Sale or- Cvr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Ac ma 235 unch 15.0 2.2 6.3 12.0 s 235 234 191 123' Alcom 191cd 10.0 15 5 2 25.4 148
    2,707 words
  • Article
    In Kuala Lumpur
    1734 10 INDUBRIAU Arm* (2 256) Aleaa (1 MB 1 965) (3) 1 94 cd A QMC (1 458 I.SCS) (1) 145 AMD (0 458) Bats (2 708 2 735) (I) 2 70 cd Bra (0.598 0 635) (1) 0 61 B Kawat (2 488 2 SOS) xd (3
    1,734 words
  • Article, Illustration
    Sentiment stays very steady
    577 10 SENTIMENT at the Stock Exchaage 8f Siagapere yesterday ruled very steady despite the feetiag amtag sine market aaatysts that the market is la aa everbeaght paaittoa. Twa first liaen, aamely Taa Cheag aad Genttngs, reached sew highs «f $3.92 aad $4.12 respectively sa (sir taraever. That
    577 words
  • Article
    KLSE prices rise sharply
    478 10 THE BULLS made their presence felt in active trading on the Kuala Lumpur stock market yesterday, and boosted prices sharply higher across a broad front. Trading started on a slightly cautious note, following the softer overnight finish, but the emergence of buyers soon after resulted in
    478 words
  • Article
    Unit trusts
    155 10 SINGAPORE UNIT TRUST INCOME BOND UNIT 1" prim i tar Aag U) (Carrart prIt *a> The Commerw 2.08 2.21 Income Bond 1.12 1.17 The Saving Fund 1.38 IM S pore Prog Fund OS7 1 02 S'pore See. Fund 1 66 176xd S'parv Invest Fund S'pore Equity Fund 1.25
    155 words
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  • COMPANY NEWS
    • Article
      Taifab poised to achieve another record profit
      449 11 TAIPDMG Textiles (Taifab) looks set to achieve another < record profit this year after the strong performance last year. Results so far have shown much improvement and the company, encouraged by buoyant demand, expects the profit for the first six months of 1979
      449 words
    • Article
      Tin prices keep Kamunting up
      253 11 A HIGHER average price obtained for its tin concentrates helped to offset the effects of a marginal drop in production at Kamunting Tin Dredging. Consequently, pre-tax profit for the year ended March 31, 1979 rose to $2.55 million from $1.67 million previously. Tin output for
      253 words
    • LATEST RESULTS
      • Article
        SIM Lim Investments
        45 11 re- ported pre-tax profit for the year ended March 31,1979 of $390,000 as compared with a loss of $2.66 million in the previous year. Profit after tax came to $0.15 million as compared with a loss of $2.79 million the preceding year.
        45 words
      • Article
        SOVRAN Industries
        51 11 report- Ed group pre-tax profit for the year eded June 30, 1979 of M 51.82 million as against $988,623 the year before, while company pre-tax profit came to $999,427 against $525,314 previously. The directors recommend a first and final dividend of 8 per cent less tax (6 per
        51 words
      • Article
        CENTRAL Securities (Hold- ings)
        56 11 reported a pre-tax loss for the half-year ended March 31, 1979 of M 5964,665. The company said the disappointing results for the six months under review were due mainly to the heavy losses suffered by the commodity trading division. These losses more than offset the total
        56 words
      • Article
        DUNLOP Malaysian Indus- tries:
        42 11 Group pre-tax profit of $18.34 million ($17.27 million previously) for the half year to June 30, 1979. Net sales were $93.62 million ($83.06 million). The company has declared an interim dividend of 12' A per cent less tax.
        42 words
      • Article
        ACMA Electrical Industries Ltd
        70 11 Unaudited group pre- tax profit of $1.88 million ($l-59 million), for the six months ended June 30 on turnover of $36.68 million ($25.05 million). Parent company pre-tax profit was $1.67 million C 51.50 million) on turnover ot Vn.55 million ($21.91 million). The company said it was
        70 words
    • Article
      COMPANY MEETINGS
      136 11 Kampeng Lanjnt Tin Dredging Bbd: AGM to be held at Wisma Bunga Raya, 152, Jalan Ampang, Kuala Lumpur, at 9.30am on Aug 15. Kramat Tin Dredging Bbd: AGM to be held at Wisma Bunga Raya, 152, Jalan Ampang, Kuala Lumpur, at 10.00am on Aug 15. Kuala Kampar Tin
      136 words
    • Article
      Promising interim showing from OUS
      509 11  -  By CATHERINE ONG OVERSEAS Union Securities' conversion into a listed public company has begun on a note of promise. Its luminous performance is reflected by the the first set of interim results released by the company since it offered 12.5 million shares to the public
      509 words
    • Article
      Improvement at William Jacks
      333 11 THE tough measures adopted by William Jacks and Company (Malaysia) last year to streamline and rationalise its organisation and activities have apparently paid off well for the group, judging from its latest interim results. Unaudited group pre-tax profit for the first half-year ended June 30, 1979
      333 words
    • Article
      EAC DOING WELL AT HALF-TIME
      489 11 PRE-TAX profits at welldiversified East Asiatic Company (Malaysia) (EAC) are running well ahead of the previous year's figure with M 515.91 million reported earned in the six months ended June 30. The group now confidently forecasts that current full year earnings should well exceed the
      489 words
    • Article
      OUE sees sharply higher income as expected
      212 11 AS aatidpatod, Overaeas Uatoa Eaterprtse (OUE), iwaer af the Miliaria Hitcl, has taraed ia sharply Improved earaiap at the iatorim stage. Uaaaitei graap pretax prsflt far the Brat half-year caM iaae 39 Jamped SI per eeat to tSil milltoa aa a 1U per
      212 words
    • Article
      Wearnes sells 200 vehicles to Sri Lanka
      127 11 WEARNE Brothers Malaysia Sdn Bhd, through its subsidiary, Associated Motor Industries (AMI), exported 200 Leyland commercial vehicles worth $4 million to Sri Lanka during the past 12 months. Sold through the existing dealer network, many of these vehicles are to be used by
      127 words
    • Article, Illustration
      Lock icon Ben's salvage plans
      397 11 by HOCK LOCK SIEW AMONG the ne'er do well shares that have yet to be singled out for comment in this column is that of food manufacturer, wholesaler and distributor, Ben and Company. The company recently released an expectedly uninspiring set of interim results With group sales
      by HOCK LOCK SIEW  -  397 words
    • Article
      DIVIDENDS ANNOUNCED
      358 11 Current Ex Boo kg Date Total for Total for Payment Date Cloae Payable the year Previous year Riverview 4%(n) Jul 26 Aug 7 Aug 15 7% 12% Sentoaa ply 5%TE Jul 19 Jul 30 Aug 15 5%TE Riverview 4%<n) Jul 26 Aug 7 Aug 15 7% 12% Kg
      358 words
    • Article
      SCRIP ISSUE
      90 11 Company Particulars Ex Date Books Close B Semb E A I NSOP Hong Leong Bonus Issue of 3 for 1 Bonus Issue of 1 for 2 Bonus Issue of 3 for 2 Rights Issue of 3 for 4 (g $160 per share Sept 10 NYA NYA Sept 7
      90 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      155 11 r9[ THE DEVELOPMENT BANK OF SINGAPORE IID (Incorporated in the Republic of Singapore) RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1979 1 The Board of Directors of T the Development Bank of Singapore Limited is pleased to announoe that the unaudited results of the Bank and the Group for
      155 words
    • Advertisement
      Page 11 Advertisements Column 2
      220 11 GENERAL SECURITIES INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) j RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE 1979 1 The Board of Directors of General Securities Investments Limited is pleased to announce that the unaudited results of the Company and the Group for the six months ended 30th
      220 words
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  • Article
    PWD approves $124m projects
    310 12 A TOTAL of 102 new projects worth $124.6 million were approved by the Building Control Division of the Public Works Department in the second quarter of this year. These data released by the Public Works Department yesterday reflect a 65 per cent drop against 1365.4 million
    310 words
  • Article
    LONDON STOCKS
    780 12 LONDON, Tiies. Share prices were generally easier but government bonds closed slightly firmer in a thin market, dealers said. At 3 pm the Financial Times index was down 1.7 at 474.1. Government bonds dropped up to 1/4 point at the outset on small selling but indications that the
    780 words
  • Article, Illustration
    Air Lanka's big plans
    339 12 AIR LANKA ku projected turnover of $111 mllllaa far Its lint year of operation. The ntiMul carrier of Sri Laaha, to be alrbarae on Sept 1, has ambitious plans to became a successful iateraattaaal airtlae. The plans iaclude building a strong fleet cf aircraft, expanding Its
    339 words
  • Article
    Lock icon Sudomo briefs army personnel on unrest
    175 12 AFP INDONESIAN National Security Chief Admiral Sudomo yesterday briefed key military commanders of Java, Sumatra and Irian Jaya on ways of handling the current feeling of restlessness which has been on the increase in several provinces. Military authorities should not freely detain or beat
    AFP  -  175 words
  • Article
    MUT details not disclosed prior to formation
    338 12 MR DONALD Ogilvy Watson, the former managing director of Haw Par Brothers International Limited (HPBIL), did not want to reveal to "the people in Singapore" all the details of. the Melbourne Unit Trust (MUT) in the month before it was formed on 28
    338 words
  • Article
    Lock icon GOLD TUMBLES
    95 12 Reuter THE price of gold tumbled on world markets early yesterday and was fixed at US$293 an ounce in London. Dealers said prospects of a stronger dollar were behind the sharp fall in the price of gold. Last week's gold boom, which saw the metal top 1306 an
    Reuter  -  95 words
  • Article
    Lock icon The shifting sands of Batam
    117 12 AFP INDONESIAN government agencies have been unaware that some 30,000 tonnes of sand have been exported daily from Batam Island to Singapore, Sinar Pagi daily reported yesterday. The sand scooped out of an approach channel being deepened for the island's harbour under state budget financing,
    AFP  -  117 words
  • Article
    Neptune is first user of Prisnet
    246 12 SINGAPORE'S national shipping line, Neptune Orient Lines, is the first major company here to use the $4-million Prisnet computer-controlled private message switching system commissioned by the Telecommunication Authority .of Singapore yesterday. Eigftt other major companies here are currently negotiating with Telecoms to use the
    246 words
  • Article
    Guthrie, KSM in fertiliser venture
    264 12 GUTHRIE Berhad has joined hands with one of Malaysia's largest cooperative societies in a new joint venture to promote the distribution of fertilisers in Malaysia. The group yesterday announced that it had formed a new company, Peladang Kimia, which will take over the fertilser division
    264 words
  • Article
    PHARMACISTS' MEETING
    138 12 A CONFERENCE of pharmaceutical societies in Asean countries will be held at the Kuala Lumpur Hilton from Sept 4 to 7. Malaysian Health Minister Tan Sri Chong Hon Nyan will declare open the conference, organised by the Malaysian Pharmaceutical Society (MPS). MPS said in a statement that pharmaceutical
    138 words
  • Article
    Haw Par offers to buy over Setron shares at old terms
    300 12 HAW PAR Brothers International has offered to buy over outstanding Setron shares on the same terms as its earlier take-over offer. Haw Par said yesterday that the number of acceptances to its earlier offer of one Haw Par share
    300 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      122 12 TAT Iff FINANCE LTD. FIXED DEPOSITS. A MAGNIFICENT WAY TO MAKE YOUR MONEY GROW. i 4 f ust take a close look at the interest rates: FIXED DEPOSITS 12 months 9 months 6 months 3mths. 1 mth. 7Va% p.a. 7Y« p.a. 6 3 p.a. 6Va p.a. 6V2 p.a. 6 p.a.
      122 words
    • Advertisement
      Page 12 Advertisements Column 2
      86 12 ff, rsJust pick up the phone and Emery picks up the responsibility. i •V° v i I. 3 When you're busy meeting deadlines, controlling inventory, hpunding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as
      86 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      62 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Isolated showers in late morning. Report for 24 boors prior to 7JI p.m. on August 14 at the airport. Maximum temperature 31.7 Associated humidity 68 Minimum temperature 25.44 Associated humidity 96 Hours of sunshine 10.75 Rainfall in millimetres Nil Total
      62 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Quotations in sterling
        78 13 SOME shipping lines have resumed quotations in sterling instead of the dollar, City of London sources said on Monday. Most lines gave up the sterling when it fluctuated sharply and switched to the US currency. But the pound has improved steadily of late and the dollar has
        78 words
      • Article
        Lock icon Breathing again
        65 13 AFP THE long-depressed Japanese shipbuilding industry is now breathing again thanks to rising ship prices and increasing yen-quoted building contracts, according to industry sources. Until recently, low ship prices and the soaring yen had been bearing hard on Japan's shipbuilders. But now, medium-sized shipbuilders, which can operate at
        AFP  -  65 words
      • Article
        Lock icon Appeal to Giscard
        118 13 AFP LEADER of the communist-led CGT trade union, Mr Georges Seguy, on Monday urged President Valery Giscard d'Estaing to prevent the former liner France from being towed away from Le Havre today. In a letter to the President, Mr Seguy also asked him to "use all his
        AFP  -  118 words
    • Article
      Two bid for PISC order
      565 13  -  SHIP CONVERSION By RAHIM KASSIM TWO OF the world's top cargo securing equipment manufacturers are keenly vying with each other to secure contracts from the Philippines International Shipping Corporation (PESC). PISC is converting six ships it bought recently to carry containers. The two companies, Inter
      565 words
    • Article
      Lock icon London freight market
      165 13 UPI FAS EAST rata* held ap well aad western markets affareed great eaeearagemeat by a flarry af Saviet balk carrier iirtlf tor traaa-Atiaatte raaad veyagea aad parted charters. Beaad veyage eperatteaa by Savtreaeht eatalled ratoi nagtag fr#m UB9MM (BSIS,7M) a day far the UJStI dwt Dtaara kadi
      UPI  -  165 words
    • Article, Illustration
      Floating dock for Soviets
      226 13 GOTAVERKEN Arendal Shipyard of Sweden is completing construction of a large self-supporting and self-docking floating dock for the Soviet Union. The dock, which is expected to be delivered in Murmansk next month, has been developed in close cooperation with Gotaverken Cityvarvet. Measuring 330 metres long, 88
      226 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      1816 17 SHIPPING LIST where your ships are due and when 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
      1,816 words
    • Article
      SHIPPING INDEX
      538 17 Shipping Liae Page CM ACS n 5 Afea IV 3 Alfred V 1 Alpac IV 5 Angkutan V 1 ANL i 1 APL m 2 Arya Nat n 5 ASCL in 1 Asia America n 5 Asia Merchant n 5 Atlas IV 4 Aust.Cont IV 5 Bank m
      538 words
    • Article
      Container Schedules
      909 18 I RECEIVING OF EXPORT FCL CONTAINERS 1 AND ICL CARGO AT CONTAINER TERMINAL 1 (1) Each vessel's estimated time of arrival is advised by the Shipping Line/Agent 1 I and is subject to change 1 (2) All export FCL containers and LCL cargo must be delivered to the
      909 words
    • Article
      PSA and Jurong achieve record cargo volume
      746 18  -  By HSUNG BEE HWA THE VOLUME of cargo handled at PSA wharves and the Jurong Port reached a record level of 2.51 million tonnes in May, up 24.2 per cent from May 1378. General cargo, which accounts for nearly nine-tenths of total throughput,
      746 words
    • Article, Illustration
      Clouds hanging over Britain's horizon
      852 18 THE NUMBER of ships owned and registered in Britain is on the decline and this is likely to continue in the short term. The British fleet was over 50 million dwt at its peak in end-1975 but the current figure is estimated at only 40
      852 words
    • Article
      MARKETING DRIVE AT CARDIFF PAYS OFF
      1132 18 THE CLOSURE of a local British Steel Corporation plant and hence the decimation of an iron ore import trade at Cardiff equating to some 600,000-700,000 tonnes annually has put additional drive behind the port's marketing push. Cardiff has always had a substantial liner-borne cargo
      1,132 words
    • Article, Illustration
      SHIPS IN PORT
      518 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Ancud (0900 after Fides) 33/34 Arya Rastakhiz (0100) 45 Bunga Setawar (after Golden Wonder) 19 Good Samaritan II (Tanker) (1500 after King River hauls P/ O subject gas free) 14 Hoegh Opal (after Howell Lykes)B/9 Samoa (1900 after Fong Siang) 35/36 King
      518 words
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      Page 13 Advertisements Column 1
      345 13 I:\vrcff Lines t TMI MOST FtIQUCNT SAILIMOS TO lANWOK HONCKONC JAPAN f USAN KwfN SleemeNp Corpn. t/A C».Wo»« i T#« 9UMI M Pftona J* >0) OC»C NgV 2»4AT J P«y* KvM SOCSM.P CO «MO T* *772" 0 I K I Vv AH m Orient Overseas C<»ttci*teA Line I'CtCVM.Ct FU 17*
      345 words
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      286 13 fsi SEALORI) ANTAH m m UASC UNITED ARAB SHIPPING CO (SAG) GULF j WEEKLY MULTI-PURPOSE SERVICES L S'porc Loading for 20/8 Kuwait (31/8). Dammam (3/9), Doha (5/9), Bahrain (8/9). Dubai (10/9). 26/8 Mmh Qaboos (7/9), Dubai (10/9). Doha (12/9), Dammam (15/9), Kuwait (18/9). 30/8 Dubai (11/9), Abu Dhabi (14/9), Bahrain
      286 words
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      Page 13 Advertisements Column 3
      425 13 11 NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAMERISED SERVICE c. Paul wm K IACEJN ?2 A. t N PEARL ?l M C ROTE 2 Sept K. MCE WON 9 Sept HK COHTAUR.. IS Scot C PAUE S port Clovni Mm Kctptmf carfo to/he P ManjHiire "TTCTI
      425 words
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      Page 13 Advertisements Column 4
      743 13 EUROPE/FAR EAST SERVICE See Pege IV Column 3 for Soilings LTD Agcnu SINGAPORE SHIPPING AGENCIES PTE MARKETING *****? GENERAL *****1 W Vsw EURO ASIA UNE SDN BHD K I *****7 P RLANG *****1/3 PENENG *****/2 1.1 IH.TI.TIM II '-IPT3 i ;b i. I'lH Mother Vessel MM 13-14/1 11-lf/l 20-71/1 *w/«
      743 words
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      607 14 Hapag-Uoyd FULLY CONTAMEMSED TO EUROPE Cardfean Ba» lakm Eiprtti Keadaan Bay Maw Mara Kaiu(a Mara Ouka Bay Boulder Hamburg Eiprets Lmerpsal Bay TtM*Sar Car Agin Bay EXPRESS CONVENTIONAL TO EUROPE Spar* P I turn fat BBjjo 6*nn H"targ Bremen I dam Anhrerp EMaRS 21/8 24/8 20/9 29/9 27/9 25/9 23/9
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      Page 14 Advertisements Column 2
      392 14 Ma Mm tab. Trf ft* 11/19 ta( 11/20 N z*/2i A* a/a ._.i S»N a A* U/17 X/a to 30/31 *m 19/2$ 3"j W U/M Oct 2/3 hp IC/17 < OOOOWM 47. tag It, "THBBEr Ami M. TONSBEK" Sap 16. PERSEUS" Sap S. 11/19 30/31 sap II s*" Ort Od
      392 words
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      Page 14 Advertisements Column 3
      670 14 w ©EVERGREEN LINE PAR EAST EUROPf EXPRESS EUIL CONTAINER SERVICE ACCEPTMG CARGO FOR: HAMBURG. FELIXSTOWE. ROTTERDAM. ANTWERP LE HAVRE ALSO ACCEPTMG CARGO FOR UNTTED KMGDOM SdUTHAfcHON, LONDON. MANCHESTER. BMMMGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY mgjsmr HOLLAND AMSTEROAM S'fn Mq F*Ww MNb— tttmmp U Mwt Ew *f II IS# MM
      670 words
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      Page 14 Advertisements Column 4
      925 14 9 Burma Fivt Star Stiippini Carpn. K 8 jßk "BURMESE NATIONAL LINE" I I LOAOM6 FOR RANGOON rmsMvtkwm HTAMTAWYMA 17/19 Am 3/5 Sept BFS S C Agents n Motayva TIPS MALAYSIA l Kctong T«l (381-7355 Penong Tel *****/***** Com pa tub Argentina Da >] Navaiaciow Itmrtawtol S. A. C.I. F.
      925 words
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      Page 14 Advertisements Column 5
      655 14 MM mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHENTONWAY MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 §21 SANKYO LINE AUSTRALIA SERVICE P. Kofang Snfapore Load** far mayrancE 20/21 Aug 22/2) l* meijwi KYOTEN HMD 23/25 »ue 20/22 Aug SYD may carp 4/5 s«pt
      655 words
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      1047 15 Overseas I Containers Limited Weekly service to/from UK/Europe To UK/Continent TMjaßav TaMeUpnv S'pn Plata* D'aart Braai UM bM 3 Sep 5S* 23 Aag 12 W 14 Sap 29 A* 19 Sap 21 Sap aimi issap nsap 4 Sap 24 Sap 29 Sap IS* 22 Sap 24hp 11 Sap 12 S#
      1,047 words
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      Page 15 Advertisements Column 2
      836 15 GRANARD LINE Granara Shipping Aqencies (Si Pte Ltd Tei ??***** (5 Lines) Dm s T'ad>ng Sd" BM Sfi.pp'nq Trading £nte-pr ses a AMERICAN PRESIDENT LINES >1 STRAITS EXPRESS CONTAINER SERVICE Loadhf for New York, East Coast and GuN ports by MM-Landbridf e Los Angeles, San Francisco and Seattle rao. tift
      836 words
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      Page 15 Advertisements Column 3
      589 15 rr^ BEN LINE CONTAINERS BEN ASIA CONTAINER SERVICE EXPRESS COffT/UNER SERVICE STRAITS/TAIWAN/MP AM BENBULK I BULK SERVICE FOR TIMBER AND PLYWOOD Retant Tdok Ajtr S iwe f. Mm( Lao*t tar Hf tiz MPI/ISA* u/ntot 21/231* 28/31 m Lpooi/Npon A*ssa toy UX 29/2 Oct 3/1 Oct 25/27 Sept Lpool/Npoft A KBQ
      589 words
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      408 15 Scan Dutch V r"i 33 *\Mi'A; 1 fJTJiMii li>*| ~sl4^Pil 1) c k»t 2) trtai 1) r« «> r*a s> um or ■UI IM MM SM UM 11/ l 21/1 BM U/l IV» a/I H/l IV» 21/1 1) M** Bad**. o*. T^URoW FUmi P«aa*t tmwn r«M. H burt Oslo. Clmcm.
      408 words
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      Page 15 Advertisements Column 5
      521 15 BOUSTEAD SHIPP,NG AGENCIES THE BANK LINE LTD. LOADS FOR E. S. AFRICA Ctom. ft, LLfe) S port 1/4 Sep P. umwafMa (kM (MM. OMM. Pt tta. t London) S por. 3/6 Oct P LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobfc, Houston, Galveston) STELLA LYKES (to*) MALLORY LYKES
      521 words
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      1026 16 K LINE KAWASAKI KISEN KAISHA. LTD. (UPOPt EXPRESS SfP viC C PAUL 17* K lACEJN 1W N PEARL ISW C ROZE IS* K JACEWON4W TO EUROPE p l Hawe Rdam H'burg Bremen Awerp 19 Aug 4 Sept 5 Sept 9 Sept 10 Sept 13 Sept 24 Aug 10 Sept 11
      1,026 words
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      Page 16 Advertisements Column 2
      718 16 0 Wa U.S.A./EAST CANADA SERVICE New* Mm* E.C./CREAT UUS SERVICE LOAOBK Fat m TOM. rorfou. month*, toronto. ashtabula Pe«ex hkw P Uh| Siapport an- CAUFORRU/PAOFK NORTH NEST SERVICE LaaM| tar COS ANGELES. SM FRANCBCO. SEATTLE. TACOMA, VANCOUVER. B.C. P. UM| Sa«apert I A**eto "VO. TWMA" 15/17 Ax 17/1$ A* IS
      718 words
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      Page 16 Advertisements Column 3
      607 16 V6«»IT 9 SINGAPORE SHIPPING AGENCIES PTE LTD '•OOH LUIS BJIICSG SiNGAPUBt i re i oc OfNIHAt 9'V" .iNtSI t.t' «5.4",9S H S A 6 C*«SHiP«CtBi.l CA«GOSHiP ri"TT|i| j] ItcfliiHial ILiIJ'J Container Lilies WEEKLY CONTAINER SERVICE to/trom BANGKOK STOK(IM] kN wziim am** 5/6 Sept 12/13 Sm< 11/2* Sept 2C/77 S«pl 1/4
      607 words
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      Page 16 Advertisements Column 4
      626 16 MAI >4 YSIAS Tits A TtONAI SmPPtHG Co*f>o*A TJOK »f*NAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/C ONTINENT/SCANDINAVIA 0 Stockholm Otto. Hctunti 2) Copenhaeen Aartmv 3) Bremen. 4) Antiwrp. at. UK. 5) Basle Bottom ptmf intermediate carp to Ho«(ko«| I iapan EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T( Man Spore PKetanj Pcnam
      626 words
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      Page 16 Advertisements Column 5
      700 16 INTRASEA (PTE) LTD Faber House 234E Orcharfl Road Singapore 9 Telephone *****1 V *****57 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S'para P. K(tM( Pwm Loadtai tar 10 Sap 4 Sap Aran (UK)/BMlo(m/ Antwerp 25 Sap Awn (UK)/Boulotne/ Antwerp MTRASEA (PTE) LTD 2352(11 BOOMNG *****57 TlO SHTfM 4 TRADK 400(44.
      700 words
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      253 17 EGYPTIAN INTERNATIONAL LINE (EIL> EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT KEL POMNG PT SAD ALEXAMMA MAMEKE U Auc 27 SPHMX U Sept 23 Sept 3 Sept 23 S«pt 29 Oct 16 Oct 22 Subject indue cmtnt XARTRANS CARGO PLEASE CONTACT SCHENKER SINGAPORE
      253 words
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      356 17 CELTIC BULK CARRIERS I- rI ■> Regular Bulk Service For Timber A Plywood Spore P Ming tort* tor MH COM (VOT 3) 5/» 9/9 Hoi. H Ant CELTIC (WT 4) 2S/9 31/9 Hoi. IH. Duttin Ant cnnc (vot s> 15/10 w/io w. n. Ant canc vot i z/u vn Nontes,
      356 words
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      Page 17 Advertisements Column 3
      304 17 €*pr*+* £lHm* i£td R ANGOON/CHITTAGONG/CHALN A SERVICE ETA ETD M.V. FM ISLANDS ki Pwt TBC CONTAINER SERVICE TO AUSTRALIA ETA ETD LOADMC FOR: M.V. SUN EMRALD SaM Sy*wy/IWbMM/ t—* <**. Gulfeast Shipping Pte Ltd Suite 704/706. Ocean Buddmt Codyw Quay. Singapore 1. Tel *****3 (10 Lines) M®. ORIENT LLOYD 1"
      304 words
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      Page 17 Advertisements Column 4
      256 17 Soon Seng Ghoup^l Regular Service To Sabah KUALA lUMPUH Soon S«ng Shipping Sfln BhO Jphtotrid Soo Hup Smg •bb H'CtO'.j S!'#r T« 04 ?'639 2'6'SCao>e SuTjrsO HAN SOON SHIPPING TRADING CO (PTE* wo: "w now Buitoi*c.»oe>«so* »o»o si*c»»o»f in w»»:! »i n«ns» c«if iiA«n»mo eta no acotcsu sn*a M.V "SLMMIMIMT
      256 words
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      Page 17 Advertisements Column 5
      324 17 m inTERPnODfIL BULK TRfIfISPORTfITIOn Line 2nd Fir Oriental Plaza. Jin Parry. K L Tel: *****4 Telex IBLINE MA ***** STRAITS/EUROPE SEMI-CONTAINER SERVICE f Spore P KeUng Pen** Rd*> H'burf aoM sooowu (1-7) 21 ahk k *m. it s*t 21 HOOOI (1-8) 21 *M| KA* 23 A* Sept 4 Oct *(W)
      324 words
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