The Business Times, 10 October 1979

Microfilm: NL10367
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) N». 141/1/7S WEDNESDAY, OCTOBER 11, 1179 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon PLR at record
      82 1 UPI NEW YORK, Tues. Chase Manhattan Bank Tuesday shattered previous interest rate records by jumping its prime lending rate a full percentage point to 14 '/2 per cent. The unique full-point jump in the key lending rate for major corporations indicated banks will push interest rates still
      UPI  -  82 words
    • Article
      Lock icon US$ firmer
      84 1 AP LONDON, Tues. The dollar was generally firmer on the world's money markets Tuesday, hitting its highest closing level in Tokyo so far this year. The price of gold gained slightly after a profittaking slump from an all-time high of $444 a troy ounce in Zurich a week
      AP  -  84 words
    • Article
      Lock icon OECD forecast
      102 1 Reuter STRASBOURG, Tues. Mr Emile Van Lennep, secretary general of the Organisation for Economic Operation and Development (OECD), told the Council of Europe Parliamentary Assembly that latest forecasts were for a real rise in gross national product (GNP) in the OECD nations of one to 2 per cent
      Reuter  -  102 words
    • Article
      Lock icon Bedok sewage project
      71 1 Reuter MANILA, Tues. The Manila-based Asian Development Bank (ADB) today approved a US$l5.l million loan for the Bedok sewage treatment plant expansion project in Singapore. The project, part of Singapore's overall programme for an expansion of sewerage services, is to provide an effective sewage collection and treatment
      Reuter  -  71 words
    • Article
      Lock icon Canada raises rate
      80 1 Reuter OTTAWA, Tues. The Bank of Canada today raised the hank rate, the official interest rate, to a record 13 per cent from 12 Vi per cent, effective immediately. The rise was aimed at reducing monetary and credit expansion and avoiding inflation caused by depreciation of the
      Reuter  -  80 words
    • Article
      More expensive rice
      42 1 PRICES of Thai 100 per cent white rice at NTUC Welcome supermarkets and fair price shops will be increased by 2 cents per kilogram from today. But the price of Thai 10 per cent white rice will remain unchanged.
      42 words
    • Article
      Lock icon Dow Jones
      69 1 UPI NEW YORK, Tues. Stocks went into a steep retreat early today as two New York banks staggered Wall Street by raising their prime rate. Trading was heavy as the Dow Jones industrial average, a 13.57-point loser on Monday, was off 12.36 points to 871.67 in early trading.
      UPI  -  69 words
  • Article
    Chief Price Changes
    146 1 Falls Straits Trading 755 -20 O C B C 705 -20 D Keramat 1230 -10 Esso 550 -10 Kempas 520 -10 K L Kepong 366 -10 High ft Low 440 -8 Tan Chong 412 -8 C C 314 -8 Sin Chew 410 -6 Shell 388 -6 U
    146 words
  • Article, Illustration
    KUALA LUMPUR
    148 1 Falls Rahman Hyd. 525 -15 O.C.B.C. 710 -15 Berjuntai 800 -15 Lingui 210 -10 Duff 330 -10 Kempas 225 -10 A. Amal 590 -10 S.Trading 765 -10 Sg. Besi 1050 -10 Wearne 259 -08 KL Kepong 368 -08 Rises Malayan Tin 2290 10 M.U. Ind 382 08 Aokam
    148 words
  • Article
    Ministry checks POSB plan
    629 1  -  LESS EQUITY STAKE By COLIN CHEE THE Finance Ministry has overruled the Post Office Savings Bank's plan to put up 30 per cent of the proposed $150 million equity in a company to be set up to develop a $462 million hotel and shopping complex in
    629 words
  • Article
    Sealion seeks court injunction
    260 1 SEALION Hotels, operator of Hyatt Hotel in Singapore, is seeking a court injunction to prevent piling work to continue on a neighbouring housing and commercial property development. The hotel company said the legal action is to prevent Scotts Holdings and Sum Cheong Piling from carrying on
    260 words
  • Article
    China cake too for Philips (S)
    407 1 THE SINGAPORE operations of the Dutch Philips Group will definitely figure in the group's plans to open an office In Beijing. This move is to be followed later by a full service centre for products delivered to China, an official spokesman of Philips Singapore
    407 words
  • Article
    WOH HUP HITS OUT
    359 1 LOCAL contractor Woh Hup has issued a statement blaming "non-local partners" (or the failure of Singapore's second venture into pre-fabricated public housing in 1975. The failure of the venture between the company and the East Asiatic Company, Larsen and Nielsen and the Danish Industrialisation Fund, a
    359 words
  • Article
    Sinclair reaches amicable solution with S. Darby
    247 1 MB DONALD Sadair, a reared kraker aad the Infer ti AaliMt ailatr lly laterests la Slme Darky H»lilagi, Has reacted aa amlcaMe sdatlaa with Sale's exeeatlves at a wedmi meettag. Mr Sadair nU li a statemeat yesterday evealag that he has aareaervedly withdraws
    247 words
  • Article
    Dangers of complacency among workers
    478 1  -  By WANG LOOK KEAH WORKERS were yesterday warned of the possibility of Singapore failing to achieve a restructuring of its economy if they sit back with ideas that wage increases will automatically come their way in the years ahead. Mr Lim Chee Onn, secretary general
    478 words
  • Page 1 Advertisements
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  • TRADE AND INDUSTRY
    • Article
      Tokyo trade mission for S'pore fair
      421 2  -  By FOO CHOY PENG A 33-man trade mission from Japan will arrive in Singapore tomorrow to visit the Singapore Fair '79 at the World Trade Centre. The team, which mainly comprises chief executives from light industries, will visit the 10-day fair on Friday. The
      421 words
    • Article
      HOTEL PLANS DISCOTHEQUE
      511 2 THE Merlin Hotel-Merlin Plaza complex in Beach Road is likely to be throbbing to the music from two discotheques by the end of the year. Merlin Hotel is finalising details for its Studio M discotheque, due to open its doors on a semi-private club basis on Dec
      511 words
    • Article
      Hertz moves to World Trade Centre
      227 2 HERTZ-RENT-A-CARan-nou need yesterday that it has relocated its downtown office in Singapore and expanded its services in Papua New Guinea. Mr Lim Kheng Seng, Singapore manager of Hertz said: "This is part of the company's general expansion thrust in Asia and the Pacific". The
      227 words
    • Article
      Boost in Max Factor sales
      132 2 MAX Factor's cosmetics are enjoying brisk sales in South-east Asia with an annual growth rate of about 20 per cent, said its president Robert Kamerschen. Mr Kamerschen also said the Far East has become an area which generates many good ideas. Traditionally, he said, good
      132 words
    • Article, Illustration
      VERSATILE MACHINE
      225 2 A COMPUTER of Interest to industrialists is on display at the Singapore Science Centre's evolution section. Labelled 'machines that imitate man' by the centre, the computer can do several functions, including control of industrial processes, numerical control, drafting and designing, graphic display and complicated decision-mak-ing. It was presented
      225 words
    • Article
      Educational aids expo a first
      403 2 THE first international educational aids and stationery exhibition. East Fair 79, will be held at the World Trade Centre from Oct 10 to 14. The fair is supported by the Singapore Tourist Promotion Board, Singapore Association of Personal and Executive Secretaries and the Singapore Chinese
      403 words
    • Article, Illustration
      Perkin-Elmer picks Manila distributor
      156 2 THE Singapore office of tfee Perkin-Elmer Data Systems Group has appointed Summa Computer Services Corporation as the authorised distributor for Pertdn-Elmer computer systems in the Philippines. The Perkin-Elmer Data Systems Group is a leading supplier of high performance computer systems, it manufactures provides sales and service
      156 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      175 2 AMERICAN Express Inter- national Banking Corporation (AEIBC) has appointed Mr Yap Gesk Lis, as manager-operations for its Singapore branch. He replaces Mr H Sh"""ny«ni now seconded to Pacific Bank in Malaysia in which AEIBC has an equity stake. Mr Yap was, for the past three years, manager
      175 words
    • Article
      Students win awards
      76 2 THREE Singapore students were among those awarded certificates of distinction in the Institute Of Building examinations held last June. The three are Mr Lee Cheok Han, Mr Tan Thiam Teng and Mr Tang Lee Woon. They were among the 167 students given certificates of distinction in the
      76 words
    • Article
      Philips, Sony sign pact on patent usage
      232 2 PHILIPS and Sony Corporation have concluded an agreement under which both parties are free to use each other's patent rights for a wide range of products. The aim of this agreement, which was signed late last month, is to standardise systems developed and
      232 words
    • Article
      Export committee for Japan urged
      189 2 SINGAPORE manufacturers wishing to export to Japan should set up a special committee to determine how they can meet the preferences of the Japanese consumer. This advice was given yesterday by the head of a 19-member Japanese trade mission to the Singapore Fair. Delegation leader
      189 words
    • Article
      MEMO PAD
      483 2 COURSES AND TALKS Sep 17-Oct 29: How to be literate in Chinese, Nissen Hut 58, University of Singapore Department of Extramural Studies Sep 17-Oct 29: English Pronunciation, New Lecture Theatre 5, University of Singapore Extramural Studies Department Sep 18-Dec 4: Financial Management Part n (12 lectures), Bukit Timah
      483 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      360 2 17JM The 2nd South East Asian Production Machinery and Engineering Equipment Show 15-19 October 1979, Maritime Square, World Trade Centre, Singapore. Come to South East Asia's largest metalworking machinery show. Test more than 170 working machines at one time in one place. Plan your October visit now to see metalworking
      360 words
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  • REGIONAL
    • Article
      Bank Rakyat clampdown on errant debtors
      223 3 BANK Rakyat is taking court action against 704 borrowers who have still failed to settle loans amounting to about M 120.7 million after legal action had been taken against them. Malaysian Agriculture Minister Datuk Shariff Ahmad told the Dewan Rakyat that the bank had
      223 words
    • Article
      Belgian trade mission to visit Malaysia
      272 3 CROWN Prince Albert of Belgium will lead a 70-mem-ber Belgian trade and investment mission to Malaysia for a week-long visit beginning Nov 18. The Prince is the honorary president of the Belgian Foreign Trade Office. Also in the mission will be the Minister of
      272 words
    • Article, Illustration
      KEEPING COUNT
      55 3 UPI Japanese following Sunday's Lower House election results displayed on a huge newsboard in front of Asahi Shim ban's office at Ginza Street in downtown Tokyo. Prime Minister Masayoshi Obira's ruling Liberal Democratic Party suffered an unexpected setback, winning only 248 seats, one less than the 249 it
      UPI  -  55 words
    • THE REGION IN BRIEF
      • Article
        NOMINATING NEW PM
        493 3 Agencies THE Japanese government has decided to convene a special session of the Diet (Parliament) on Oct 22. According to the government's plan, the upcoming session will last about one week and will nominate a new prime minister. THE first group of the 7*member Malaysian investment promotion
        Agencies  -  493 words
    • Article
      Martial law backers blast Western press
      217 3 UPI A MOVEMENT backing martial law in the Philippines surfaced in Manila on Monday blasting Western press reports on Philippine politics and saying "we are no longer tied to the strings of Uncle Sam". The official Philippine News Agency said the group is called
      UPI  -  217 words
    • Article
      PAL move to reschedule flights
      52 3 THE Philippine Airlines (PAL) is poised to reduca and reschedule its domestic flights starting on Thursday to all but one of 41 routes in its services. PAL chairman-president Roman Cruz Jr said he believed his company's proposal submitted to the Civil Aeronautics- Board (CAB) would
      52 words
    • Article
      Philippines sees modest growth this year
      579 3 AFP THE Philippine economy recorded "modest growth" during the first nine months of 1979 in the face of adverse effects of the continuing energy crunch, the Central Bank said Monday. In a report to President Marcos, Central Bank senior deputy governor Amado Brinas said
      AFP  -  579 words
    • Article
      Kampuchean assurance
      386 3 AFP THE army of the People's Republic of Kampuchea has started mopping up the remnants of ousted Premier Pol Pot's forces, Kampuchean ambassador Chea Soth claimed at a press conference in Hanoi on Monday. Mr Chea Soth also said that his government had no intention of infringing on
      AFP  -  386 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      191 3 Who keeps A&Wsundaes cool-all day, everyday? SPSS Ik ft-' ■il H wm t m. sms c\ 6*® V r w m s: s»s> V 7 1 4 v V v 1 Ml ~.k-v% JC V in :t jHPSSV** If: The Carrier Man will be glad to give you the answer.
      191 words
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  • RAW MATERIALS
    • Article
      Perak plans to make cocoa a major crop
      190 4 PERAK is planning to make cocoa as one of the major crops under its agricultural programme for the Fourth Malaysia Development Plan. Priority would be given to its cultivation under the agriculture programme being prepared, Perak agriculture director Rahmat bin Suffian said.
      190 words
    • Article
      Rubber study group to meet in KL next year
      379 4 THE International Rubber Study Group (IRSG) will hold its next general assembly in Kuala Lumpur next year. According to industry sources in Kuala Lumpur, the arrangements for this assembly will be discussed at the week-long IRSG meeting which begins in London
      379 words
    • Article
      Soybean
      112 4 SOYBEAN futures closed 11 to 6 US cents a bushel lower on the Chicago Board of Trade on Monday. Traders noted that there was some late hedging pressure late in the session in an otherwise lackluster market. There was some commercial pricing in beans during the session while locals
      112 words
    • Article
      Wheat
      59 4 WHEAT futures closed 6 to l'/i US cents a bushel easier in Chicago on Monday. Traders noted that there was some exporter and commercial pricing late in the session in an otherwise featureless market. Prices kept to the lower side throughout the day following the announcement on Sunday of
      59 words
    • Article
      RUBBER
      231 4 THE SINGAPORE market closed slightly lower with November One RSS buyers quoted at 289.00 cents per Idlo, down 4.50 from Monday's close, dealers said. Morning prices were marked down about 4.50 cents on lower London advices, stale bull liquidation and speculative selling, they said. Atemoon prices fluctuated narrowly around
      231 words
    • Article
      RAS PRICES
      353 4 R A S prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 283.00 284.00N 283.00 284 00N Int. 1 R.S.S. November 289.00 289.50 289 00 281 JO Int. 1 R.S.S. December 293 50 294.00 293 50
      353 words
    • Article
      SSR and SMR
      122 4 NOON SSR and SMR i mcaa ytttcrdiy RAS Novaa bar Dacaal bar (Carreat Mtk) D a.it (Forward Mtk) SSR 20 (1-ton pallet) 267 00 269 00N 268 50 770 SON SSR SO (1-ton pallet) 264 00 266 OON 265 SO 267 50N MRELB SMR CV (1-ton pallet
      122 words
    • Article
      Straits tin
      65 4 THE STRUTS tta price In Pei»ag yesterday eased MH per pteaJ to MtMM* Mm nil Addtttoaal sappties at tia eeaeeatrates ui sterUng's wrmkmtm against the rlaggit depressed seattmeat, despite higher Leadea advleei v eralgfct, bat steady baying sappert eeatiaaed tram Japaa, the US aad tocal operators. Tetal taraever
      65 words
    • Article
      Closing prices
      30 4 Rubber Oct 9 Singapore: November: 289.00 cents (down 4.60 cents) Malaysia: November 289.00 cents (down 4.75 cents) Tin: Mg2,005 (dowa g4) Official offering: 163 tonnes (up 51 tonnes)
      30 words
    • Article
      Hongkong Comex
      148 4 THE SUGAR futures market yesterday closed mixed in quiet featureless trading, dealers said. Nearby January closed easier at 12.14/24 US cents against Monday's 12.34/36 close, while March closed slightly firmer at 12.66/68 against 12.58 (buyer) and May at 12.90/92 against 12.84 (buyer). Sugar futures closing prices: Previa®! Cl«tac
      148 words
    • Article
      Produce exchange
      308 4 DULL and featureless trading conditions persisted in the Singapore produce market yesterday. Dealers said that there was little overseas buying interest as most of the big European ports have stopped buying for quite a while now, thus leading to a dull futures market characterised by lack of price
      308 words
    • Article
      Textiles
      142 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Crttam yarn: China Blue Phoenix Mi 2,325; 32s 2.815, 40b 3.045 (per bale of 400 lbs) fnfc: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq;
      142 words
    • Article
      Rice
      330 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.01, 100 per cent second class 0.83, 100 per cent third class 0.80, 25 per cent new crop no stock. B-10 per cent 0.70. THAI BROKEN: A-super 065, Special 0.61.
      330 words
    • Article
      LONDON MARKETS
      550 4 ALUMINIUM: Up £15 for cash and £9 per tonne for three-months. Market firmed on fresh speculative buying encouraged by constructive charts and easier sterling but later met good trade selling resistance at the higher levels. Threemonths traded up to £794 per tonne before easing back to £790 at
      550 words
    • Article
      Palm oil
      70 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Mod Previous MaUviian 5 r ffa bulk per tonne December unch 630.00*lr Sumatra 5'> Ifa bulk October 635.OOsIr 632.50pd November 640 OOslr 640 OOpd December 640.00»lr 640 OOpd January 645.OOslr 642.50pd Feb/March unch 642.50pd Nigeria
      70 words
  • ASIAN STOCK
    • Article
      Good recovery
      537 4 TOKYO Source: DBS Daiwa AFTER discounting the negative impact resulting from the general elections, the market yesterday rebounded sharply and trading volume expanded. This rebound was greatly stimulated by the surge of resource-related issues. Oil and trading-house issues recovered vigorously, and mining and non-ferrous issues rallied. Moreover, chemical
      Source: DBS – Daiwa  -  537 words
    • Article
      Sydney
      302 4 SHARES fell yesterday on a lack of overseas investors who were waiting (or a firm market reaction from America on the dollar rescue programme, dealers said. Highlights of yesterday's trading were slight gains by some base metal and industrial stocks, but the market reacted adversly to a joint report
      302 words
    • Article
      Manila
      142 4 THE market closed mixed yesterday, with oils averages posting gains, minings declining and commercials and industrials unchanged, dealers said. Turnover was down to 5.21 million pesos from Mooday's 6.54 million. The copper price fall together with gold and silver was the main factor that caused the mining sector to
      142 words
    • Article
      Hongkong
      339 4 Source: SHK See Ltd THE MARKET suffered a heavy set-bade yesterday morning with the index falling 13 points, but traded within a narrow range in the afternoon to close only a fraction lower than lunchtime. Fears of a worldwide rise in interest rates also affected sentiment and the tone
      Source: SHK See Ltd  -  339 words
    • Article
      Bangkok
      299 4 THE market was active in early session, but selling pressure brought prices off the top before the close of the market, dealers said. First Trust rose eight baht to 178, United Flour Mill 12 to 278, Asia Credit 10 to 230, Mah Boonkrong 16 to 366 and Siam Cement
      299 words
    • Article
      Selected indices
      71 4 FINANCIAL TIM KM INDUSTRIALS Monday 48M Friday 400.4 Week Ago 4MJ DOW JONE8 AVERAGE INDUSTRIALS Monday 884.04 Friday 887.81 Week afo 87SJ6 LONDON DOLLAR PRRMIUM Monday SB to S8V* Friday SI to SI W H.K.HANG SENG Tuesday 661.1 1 Monday 673.0 WMk ago 4K1 ft 8YDNKY INDUSTRIALS Tuesday
      71 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      185 4 MORE TO COME SINGAPORE MC(P) 93/1/79 NO. 3 N0.9 aii SEPTEMBER 1979 PHCE S3OO MOWT> y f. tf -r ?*s, at N <?N s >■% M 7 T A kl #;c^/ fc **> X ->-•' /^'Ov The troubled world economy notwithstanding, some sectors of the Singapoie economy look set to
      185 words
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  • OVERSEAS
    • Article
      Miller prepared for more action to bolster dollar
      578 5 Reuter AMERICAN Treasury Secretary William Miller declared the government's willingness to do even more to assure the soundness of the US dollar, which showed signs of strengthening because of tighter central bank credit. The government "will be prepared to take other complementary
      Reuter  -  578 words
    • Article
      On international news reporting
      291 5 UPI THE United Nations Educational, Scientific and Cultural Organisation opened on Monday a three-day informal meeting aimed at making recommendations for a conference on standards of international reporting of news. Six participants in the sessions included representatives from Eastern European and Third World news organisations. No
      UPI  -  291 words
    • Article
      Iran unrest forecast
      331 5 Reuter IRANIAN Communist Party leader Nur-e-din Kianouri, who returned from exile in Eastern Europe after the revolution which overthrew the Shah, predicted a winter of regional unrest in Iran but dismissed the possibility of civil war. Giving his first press conference in Teheran since the Islamic authorities
      Reuter  -  331 words
    • Article
      New government in Iran soon
      213 5 AP IRANIAN Foreign Minister Ibrahim Yazdi said there will be a new government in Tehran within two months. He also said that Iran wants to keep its oil production at about four million barrels a day, "the necessary level for the development of our country."
      AP  -  213 words
    • Article
      Loosen Swiss bank secrecy laws call
      143 5 UPI PETITIONS to dilute Swiss banking secrecy and to increase the minimum annual vacation from three to four weeks were proposed to the federal government on Monday. Proposed jointly by the Swiss Socialist Party and the Trade Union Federation, the petitions were signed by
      UPI  -  143 words
    • Article
      Setback for Times
      71 5 PLANS to republish the Times and the Sunday Times, which have been off the streets for more than 10 months, have been put back because of trade union disagreement over pay differentials, management sources said in London. The main print union, the National Graphical Association (NGA), had
      71 words
    • Article, Illustration
      MEETING THE PRESS
      55 5 AP photo Russian ballet dancers Valentina Kozlov and her husband Leonid Kozlov, who defected from the Bolshoi Ballet last month in Los Angeles during a tour of America, appearing at a news conference on Monday in New York. The couple repeated their earlier statement that they defected
      AP photo  -  55 words
    • Article
      Plea for SALT II
      245 5 AP THE Carter Administration is making a final plea before the Senate Foreign Relations Committee for early ratification of the Strategic Arms Limitation Treaty (SALT II) with the Soviet Union. The committee, wrapping up itS hearings into the dimmest corners of the complicated and controversial pact,
      AP  -  245 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      862 5 arrivals Service Local Operator Number Time From SIA SQ101 0900 KUL MAS MH621 0920 PEN MAS MH607 0845 KUL RBA BI421 0930 BWN MAS MH671 0945 PEN KUL CPA CX710 1005 »HLP GIA GA980 1030 HLP SIA SQ103 1045 KUL SIA SQ211 1045 HLP MAS MH605 1045
      862 words
    • Article
      US navy moves into Caribbean
      302 5 Reuter A FLOTILLA of US warships is scheduled to' sail into the Caribbean on President Carter's orders for month-long manoeuvres to stress US anger over the presence of Soviet troops in Cuba. The US says that up to 3,000 Soviet soldiers are stationed in Cuba
      Reuter  -  302 words
    • WORLD IN BRIEF
      • Article
        NATO'S WORRIES
        448 5 Agencies NATO is increasingly worried about the presence of Soviet submarines armed with atomic-warhead missile* in the Mediterranean, US Admiral Harold Schear, Commander-in-Chief of Nato's southern European sector, said. Most Nato ships in the area were armed with cannon, while Soviet ships can ied missiles, Admiral Schear said,
        Agencies  -  448 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      174 5 COURAGE f* K CONFIDENCE V JL LEAOERSHIPgfc^I CMLE CAKNEGII 10 ways (fee Bale Canwgle Cmtm Mpc mi u4«mm: Jgggg S3 hM ifMmi Km a better pfe. m*% mum THE DALE CARNEGE COURSE promotes and develop* these qualities in those who arc active in buamess. community, or social work. Attend a
      174 words
    • Advertisement
      Page 5 Advertisements Column 2
      224 5 Classk furniture tofiqhtupfhe image 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 oonsult our interior designers for the right accent
      224 words
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  • Article
    An exercise in independence
    466 6 THE Finance Ministry has apparently told the Post Office Savings Bank that its proposed 30 per cent stake in the equity of the Marina Centre development project is too high, though the sum involved for POSB would only be about $45 million out of the bank's
    466 words
  • Article
    Appearances are deceptive
    225 6 MR Lim Chee Onn's remarks are to be welcomed as a timely reminder of how important it is for Singapore to maintain her rather precarious position on the fence separating the developed from the developing countries. It is now about a year since our economic and monetary
    225 words
  • Article, Illustration
    European banks' bid to checkmate mighty US kings
    1913 6  -  TRAVELLERS' CHEQUE BATTLE The organisation with the most to lose is the industry's giant, Amex, with its estimated 51 per cent world market share. By MICHAEL LAFFERTY and JOHN EVANS A BATTLE is, on for the worldwide travellers' cheque business. Recently, a
    1,913 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      41 6 Looking for EXECUTIVES PROFESSIONALS > CD Reach them at their homes through the appointments page in °undav Nation Sunday Nation reaches 60% of the English literate executives and professionals in Singapore. For more details please coll Francis Ng at 284-8844 Ext. 335.
      41 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1453 6 Something promising Vtyapif CVirias •t Tbe Dtrwii we hape this will be preserved thmgk to Ike eai. A Ml ef wit Mi a tot ef Chaca Of Delight" (Chaa■el 5, lit pa) describee Ike emettoa Charles felt whaa be bried la tbe rata fereeta ef Braxll. II was a strmage
      1,453 words
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  • Article, Illustration
    Kuwaiti oil money is no real wealth
    1178 7  -  The country where there is no income tax, no property tax, no sales tax or any other tax. YOUSSEF IBRAHIM examines the reasons why Kuwaitis find the handling of its rich oil wealth a mammoth task. YOUSSEF IBRAHIM NYT ON THE FACE of
    NYT  -  1,178 words
  • Article
    SHIFT SHOPPING
    844 7  -  Trade unions in Italy have suggested taking the shopfloor shift working system into the High Street. If the idea catches on it could herald the start of a Western trend to take the sting out of the Saturday rush, reports NORRIS WILLAT. NORRIS WILLAT FT THE ITALIAN trade
    FT  -  844 words
  • Article
    The technology target seeks self-sacrifice
    999 7  -  FORUMi with JOHN TAN IT WAS about a year ago that Mr Goh Chok Tong fired a salvo at local businessmen. Writing in the official publication of the People's Action Party, Petir, he deplored the lack of progress that Singapore businesses had made in the
    999 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      258 7 Now! The Buku Merah 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
      258 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      64 7 BhStd^:Prank£tLcksnS I'LL SRy THIS Tor OONtS u>W€J4 Me we fiepNU-Y SPRwGCife/VJS LOO* RT TH£. SHe/£N ON TMRT UXDOD LOOK RT SuCNtSMeD SCRSS-V^RKDueS JO*E£°) I I LOOfJOeR 7F~=V( nou »lr N crm? i Rm PYT TM£. CXy r >€>T CRN I MeiP You 0 TMG. eD«TOC OF Tme mRG»RXwe. sOestcs I.SOQQOONtPS'
      64 words
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  • INTERNATIONAL STOCKS
    • Article
      Stocks suffer a sharp setback
      1337 8 NEW YORK FEDERAL RESERVE moves to fight inflation and prop the dollar dealt the stock market a sharp setback on Monday. The Fed announced over the weekend it would raise the discount rate one per cent to a record 12 per cent and post stiffer
      1,337 words
    • Article
      TORONTO
      9 8 THE TiroiU stock market was closed on MomUy.
      9 words
    • Article
      JOHANNESBURG
      320 8 OCT 08 Rand INDUSTRIALS A Alpha 300 unch Abercom 280 5 AE And CI 400 uneh AMIC J800 Barlows MS unch Cf Sugar so vine h CNA 55c •20 Cum* Finance us •3 l> Beers lnd,_ 1050 •25 Edcon r 406 Edgars ***** Eveready red Volk 235 •1# Kugit
      320 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      168 8 Where to wine, dine and entertain Come, 'sample' an experience! DOLPHIN CAFETERIA World 4, Trade Cent#? you miss ife 7 Delectable local dishes and Western lunches set in daintily stylish 1% Scandinavian decor. Popular SELF-SERVICE lunch daily. JSjll From 10.30 am to 3.00pm and snacks trom 3.oppm spm You've got
      168 words
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      Page 8 Advertisements Column 2
      210 8 0 For banquets. For conventions. For other functions of flawless finesse. Functions for up f< > 2SO guests International menus to choose fr< >m Complete range of audio- L'isua, equipment Aryiple parking space cnliu') l*i»i-k SlM'iiiiihi SHERATON HOTELS AND INNS WORLDWIDE Nassim Hill Singapore 1025 Tel *****77 OPERATED BY ANA
      210 words
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      Page 8 Advertisements Column 3
      124 8 Sfciiifose Seafood s t 1 •I < 9 LwmJ Everyday is a big house affair for us Because each day'is another new opportunity to perfect our service to you Service by which you remember us Savoury specialities for the choicest pick And that truly relaxed atmosphere whicn makes eating a
      124 words
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      Page 8 Advertisements Column 4
      198 8 LUNCH AT Hsirs Savour the true flavours of Singapore in cool, exotic, tropical surroundings at the ne-wlook Hin s Heavenly C ook house C noose f rom a vvhoie variety of local foods like Murtaoak S'eam-Doat. Malay Curries Noodles. Smoked Duck cine Suckling Pig. Satay Chilli Craos Exceptional Cantonese menu
      198 words
    • Advertisement
      Page 8 Advertisements Column 5
      252 8 See Page 4 for Asian stocks See Page 9 for European stocks Merlin's New Tavern Bar It s totally new. Painstakingly furbished to create just the right ambience for you to unwind after a hard day s work, before dinner, or to round off a perfect evening. Enjoy happier happy
      252 words
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  • BANKING AND FINANCE
    • Article
      The forfaiting technique of trade financing
      630 9  -  By LEE YOKE MENG IN TIMES when the interest margins of other lending operations of international banks are squeezed tremendously. the margin obtainable from forfaiting can be very appealing. And bringing the idea of forfaiting more clearly across to a Singpore Credit Club audience
      630 words
    • Article
      Higher discount rate
      613 9 Reuter THE UNITED States Federal Reserve Board has raised the discount rate to 12 per cent from 11 per cent and announced a package of other measures designed to fight inflation and calm markets. The Board set an 8 per cent marginal reserve requirement on increases on
      Reuter  -  613 words
    • Article
      US prime expected to hit 15 per cent
      323 9 AP US BANKS soon will charge their best customers 15 per cent interest, forcing many businesses to curtail hiring, cut back production and lay off workers, two leading economists said on Monday, following new anti-inflation moves by the Federal Reserve Board. "The
      AP  -  323 words
    • Article
      BOJ WON'T OPT FOR A RAISE
      137 9 Reuter BANK of Japan officials said the bank rules out a rise in its official discount rate from 5.25 per cent at present, but it is watching the economic situation, particularly price trends. A Jiji news agency report said the central bank may raise
      Reuter  -  137 words
    • Article
      Intergold seeks doubled sales in HK
      200 9 Reuter SOUTH AFRICA'S Internationl Gold Corporation will start marketing krugerrands in Hongkong from Nov 5 and hopes to double sales from the 40,000 coins sold there last year. Intergold's Far East chief executive Bernard Denet said the one troy ounce, fine gold coins will
      Reuter  -  200 words
    • Article
      A fall is better than a rise
      240 9 A STEEP plunge in the price of gold will have little effect on the American economy but any further increase in the price could have a serious impact, says the Financial Digest, the weekly economic report published in Mew York this week by
      240 words
    • EUROPEAN STOCK PRICES
      • Article
        Paris
        303 9 OCT 08 Frs CORBEILLE Alr-Liqutde B S N Gervais Danone C S F (ThomsonC»f> Cle Fnncuie iles Petroles Cocnpagntt Flnanciere OeneraJe Credit Fonder De France Hachette SOS wo 483 318 80 377 533 4-4 -5 4-1 14 unch -2 (Llbrairle) Machines Bull Mtchelln <B) Parlbas Pechiney Clfine Kuhlmann 215
        303 words
      • Article
        Amsterdam
        144 9 OCT 08 Pis ABN I 350.00 1 Ahnirf 88 70 0.4 Akso 28.80 0.5 AMEV ***** 12 Amfftl 128.00B Amro Bank 7320 0.1 Berfo&s 58.00 -1J R*rk 106.00 12 Boll 71 JO 0.7 Borsumg 178.00 5.95 Burhmann 6220 0J Byenkorf 71 JO 02 Calve Delft 178J0 0.7 Dell MU
        144 words
      • Article
        Frankfurt
        194 9 OCT OS Dm Aet-Telefunk«n Akjo All* Letwn AUx V*n 4110 3U0 mn 4M.00 HI unch BASF Bay H T Wbtnk Bay Vbank 144_30 a&oo MOO 4-3.1 Bayer BBC 134J0 300.00 3 4- J J BMW 178.00 tl Cassella 305.00 iU Chem Verw 3(3.00 5 Commerzbank Conti Qumtnl Daimler-Bens Dcfuiit
        194 words
      • Article
        Zurich
        184 9 OCT N Frmnci t Actions Suuse! ju AIumissc Br. 13K *30 Alusulss* Dm m I Brown Bowvri Br. M -is CM* osic «r tag -u Clt» 0»<j Tc 1045 Ciba Oelfy Ret Credit Suisse Br 715 2340 unch Credit Suisse Reg 4» Elektrowatt Br. 2215 ♦S George Fischer Br
        184 words
      • Article
        Brussels
        87 9 oct m m FORWARD MARKET A«e JM -4 Art* MM -M AMur m Broemn M4 lis 1004 unct 380 -U DC Been 171 -11 Ebti aoo -to Bcctrotel Ob-Inno-Bm 8640 30 7706 t J n« MM -ao Hobok PttfO m» unch MM IK Rjrl Dutch Btdro Soe Otn Bclg
        87 words
      • Article
        Milan
        61 9 OCT Amoe On Lin 11 4* 1 4 m -i Butofl Ctnutlt F -i 10 -1 Fuuuter nei -i l» A Oan Iwmob IFl llikiwnu SU K 3 •i 3'lag -i M -t M lMJi -4 im -i IM 3M J o» -a «a -4. iMt -a WIS -11
        61 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        568 9 j YESTERDAY saw another highly volatile foreign ex- change market as the US dollar continued its see-saw motion against the other major curencies. Dealers remain uncertain as to which direction the rates would finally follow. The most spectacular development of the day was in the Deutschemark sector where
        568 words
      • Article
        Tokyo
        65 9 THE US dollar for overnight delivery yesterday closed at 228.40 yen, compared with a 226.70 opening and 225.20 on Monday, after modest central bank yen-support intervention, dealers said. The dollar for immediate delivery was last traded at 226.18 yen. Forward dollar rates rose in moderate trading, with volume at
        65 words
      • Article
        Hongkong
        69 9 THE US dollar firmed against the mark and Swiss franc in generally quiet late trading, with some nervousness evident following Monday's sharp dollar rise in Europe, dealers said. It stood firmer at a late 1.7882/90 marks after an opening 1.7935/55 and the London overnight close of 1.7940/55, and at
        69 words
      • Article
        Australia/NZ
        72 9 AUSTRALIA /NZ exchange quotes on Oct 9: US dollar 1 IX4 1.1156 Sterling 0.5250 0 5185 Ninety-day air mail buying rates: Sterling 0 547* US dollar 1 1655 Ninety-day forward buying rates: Sterling 0.3307 US dollar f 1330 NEW ZEALAND: Reserve bank midrate US dollar 0 9875 Trading bank
        72 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9 per cent.
        22 words
      • Article
        Asian $ rates
        197 9 Asian rates ASIAN currency deposit interbank rates as at close on Oct 9: US Dollars (Spoil Offer Bid 7 days 14'? 14 l month 14'i 14 H 2 months 14 13/16 14 11/16 3 months 14 i 14 -a 6 months 14 11/16 14 9/16 9 months 13 13'. 12
        197 words
      • Article
        Discount
        51 9 RANGE of prices offered by discount houses on Oct 9: Overnight 5' Call deposits 5' j'.» Clot iag Buying Selling 3 month Treasury bills 5'. 5 i 3 month Bank bills 8'. e 3 month CD 8 i 8'• 6 month CD 8 'i 8 Source: National Discount Co
        51 words
      • Article
        Gold
        331 9 THE SINGAPORE gold hitures market yesterday closed between US$O.5O and US$4 00 lower in quiet selective trading, dealers said. Turnover fell to 329 lots from Monday's 484 with interest mainly on December and February contracts, they said. December closed at U*****.70/2.50 an ounce against U*****.60/6.50 on Monday, February at
        331 words
      • Article
        London
        166 9 THE dollar yesterday opened firm on Hongkong closing rates and made further gains in early trading, dealers said. It was quoted at 1.8062/72 marks initially against 1.7982/90 in Hongkong and 1.7940 55 at Monday's close here, while against the Swiss franc it opened at 1.6310/40 compared with 1.6220 70
        166 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      483 9 Battleships TheLcMssj" the Prince of Wales and the Repulse. M Middlebrook A graphic account of the momentous sinking Of two 10 December 19« i onLlPSte<J a nd the ships Air support was no Japanese torpedo srs* hwe forgotten. W m Tiger Tiger!: I Alfred Bester Gulliver Foyle liar, I lecher,
      483 words
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  • Article
    BUSINESS DONE ON THE SES & THE KLSE
    1393 10 BUSINESS DONE ON THE SES THE KLSE BID aad offer prices officially Usfed ud bartasas is aa tiynd I* tbe Slock Eackaaga of Slags p or i yesterday with tlx number at whmrm traded shown la bractata la Ma of 1.190 units uakas otharwlae specitfed SECTION ONE INDUSTRIAL COMMERCIAL Acaa
    1,393 words
  • Article
    Unit trusts
    153 10 SINGAPORE UNIT IK] (Mm|iw' prim tar Oel The Commerce 21S The Savlnc Fund 1.42 S'pore Prog Fund 0.J7 S pore Sec. Fund 1.74 S'pore Invest Fund IS S'pore Equity Fund l.U n IN) 2.32 LSI l.Q2sd LS 1.37 L®7 INCOME •ONI (ClI—t pri Income Band MAKABCMD D UNIT
    153 words
  • Article
    SHARE INFORMATION SERVICE
    2667 10 1979 High Low Company Last Sale ©rGr's Div Div CVT Gr's Y'ld Net P/E Vol Day COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 196 148 180 272 74Vi 256 350 215 380 207 123' 110 140 255 57 Vi 186* 226 177 256 Acma Alcom Allied
    2,667 words
  • Article
    Government bonds
    10 10 5 S/4* T P 1&/10/S0-SS (1,000) (90) 97.70
    10 words
  • Article
    In Kuala Lumpur
    1716 10 BID and offer prices officially bated and hntlnf la and reported to the Kuala Lumpur Stock Exchange yntcrday with the number at Marea traded shown la bracket* In lots of 1.000 units unless otherwise sped fled DKDUBTBIALB AJaiaiak (2.M8 LIS) Aleam (LMB I MS) xd A Char
    1,716 words
  • Article
    COMPANY BRIEFS
    134 10 BONO Leang Finance announced that aa at Sep 30, 0.68 per cent of its issued share capital waa beneficaily owned or controlled by foreign persons. 0VES8EAS Ualu Trut and Onmaa Qria Nk aid that m at the end of the third quarter of 1S71. 0 63 per cent
    134 words
  • Article, Illustration
    Investors' hopes dampened
    759 10 INV ESTORS' hepeo sf seelag b strong nitty on the Stock Exchange sf Stagsptfc were dampened sefne** what yesterday whea seatiment toek a tan for the worse, with leases tacßirei ever a wUe treat. After a hesitant epealag, prices begaa to ease under ipasmadlc bsats sf selling
    759 words
  • Article
    Down across a broad front
    484 10 IT WAS downhill yesterday for the Kuala Lumpur stock market as sellers emerged to force prices kriVer across a broad front. Trading was generally light while losses were small in extent, which suggested that it was the weak and nervous holders who were bailing out.
    484 words
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  • COMPANY NEWS
    • Article
      PHICOM UP IN FIRST HALF
      357 11 PHICOM, the UK-based industrial and electronic offshoot emerging from the reconstruction of Plantation Holdings (PH), has produced encouraging results in the six months to June 1979. The company's interim trading profits rose to £1.3 million against only £474,000 in the first half of 1978. On
      357 words
    • Article
      Further SES questions for Hwa Hong
      436 11 INVESTIGATION by the Stock Exchange of Singapore (SES) into edible oil manufacturer Hwa Hong has been carried into its third week with a further letter pointing out apparent discrepanies between the company's prospectus and its subsequent statements. The SES has asked why it was
      436 words
    • Article
      Public Textiles makes bonus issue
      216 11 PUBLIC Textiles has proposed a bonus lame of Me-ter-fear, following approval from the Malaysia* Capital Issues Committee for the revaluation of the company's land aad buildings. This issue will raise Public Textiles' paid-up capital from UM million to 98.7 million. Hie revaluation exercise threw «p
      216 words
    • Article
      DIVIDENDS ANNOUNCED
      551 11 Current Payment Ex Date Books Close Date Total for Total for Payable the year Previous year Apollo OCBC Wilkinson Dunlop Ind Pub Text UOB M U I NSOP Alcom Gold Coin Hume PE U A C Temerloh M Brew Nat Iron Killinghall T ronob Shell Harimau Conv Aust
      551 words
    • Article, Illustration
      Metro looks to diversification
      1321 11  -  By CHAN BONG SOO METRO HOLDINGS will have to intensify its diversification drive if it is to maintain its past rate of growth. And indications are that the group's prospects in the current financial year are all but bright. Growth, if at all achieved, will necessarily
      1,321 words
    • Article
      Funds for SPP
      279 11 SPP Ltd's acquisition of Creative Press for 11.5 million will be financed by a five-year lease agreement it has reached with Singapore Finance. In reply to queries raised by the Stock Exchange of Singapore (SES), SPP adds that the monthly lease payment will be $27,000. On the
      279 words
    • Article
      RESULTS DUE
      198 11 Date Lart Fall Year Company Period Announced Net EPS GTM Pre-tax last year (cents) Div. Profit (IHI) Fancy Tile I 14/9 8.3 1,010 Bo vis I 15/9 14.509L D Keramat I 20/9 89.8 146.5 25,895 Mai Bank F 23/9 28.6 17.5 25,742 Robinsons F 26/9 14.1 15.0 7,224
      198 words
    • Article
      Business as usual
      346 11 mas by HOCK LOCK SIEW EVEN AS the flow of interim company results slows down with the end of September, the tempo of corporate activity continues unabated. A number of significant developments have taken place in the last couple of days which should keep observers and analysts
      by HOCK LOCK SIEW  -  346 words
    • Article
      MALAYAN CREDIT REPLY
      337 11 THE purchase price of $1.56 to be paid for each stock unit of Jack Chia-MPH was based on its last transacted price on the stock exchange on Oct 1 this year, Malayan Credit has disclosed. It was replying to queries from the Stock Exchange of Singapore on
      337 words
    • Article
      Interlocking concern
      412 11  -  Letter to the Editor KENNETH CHEW Dear Sir, As a small shareholder in Malayan Credit, I read with dismay the new management's proposal to purchase up to as much as 20 per cent of the issued capital of JCMPH at $1.55 per share. I view this with great
      412 words
    • Article
      COMPANY MEETINGS
      164 11 BUKIT Kstti Rubber Estate Bhd: AGM to be held at No 72 (Upper Floor No 20), Jalan Belanggang, Malacca, on Oct 10 at 10am. City Developments Bhd: EOGM to be held at 24th Floor, Hong Leong Building, 16 Raffles Quay, Singapore, on Oct 10 at 11.30am. Hime Industries
      164 words
    • LATEST RESULTS
      • Article
        ROBINSON and Company:
        55 11 Group pre-tax profit of 16.71 million {XI3I million) tor the financial year to June 30. Turnover recorded was $*■08 million million). Profit after tax and extraordinary items came to $4.86 million (15.73 million). Final dividend declared was 11 cents (same), making a total of 15 per cent
        55 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      66 11 6,000 sq. ft. of choice office space In the financial district (top floor of a prestigious building). Fully and newly developed (partitioning, telephone points, wall to wall carpets etc.). Immediately available, ideal as interims quarters for banks, insurance companies and the like in establishing their offices in Singapore and wanting
      66 words
    • Advertisement
      Page 11 Advertisements Column 2
      42 11 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
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  • Article
    Flying Tiger's refugee airlift
    108 12 THE US Flying Tiger Line will begin a massive airlift of Indochinese refugees from Hongkong, Bangkok and Kuala Lumpur across the Pacific to the US this Sunday. Flying Tigers' manager for South-east Asia, Mr Sebastian Tan, announcing details of the airlift yesterday, said the company's aircraft
    108 words
  • Article, Illustration
    OFF ON MERCY TRIP
    32 12 The West German Bed Cress hospital ship Flora in Singapore harhear oa Monday. The ship left (or Indonesian waters yesterday to help Vietnamese refugees. UPI photo. UPI photo
    UPI photo  -  32 words
  • Article
    Defence witness's answer shocks Tarling trail judge
    292 12 THE presiding judge at the Tarling trial, Mr Justice 4 Kulasekaram was shocked with an answer to a ques- i tion given by defence wit- ness, Mr Awther Singh, an expert on accountancy < issues. Even Tarling's counsel, i Mr HECashin, was <
    292 words
  • Article
    Taiwan's territorial decree
    46 12 AP PRESIDENT Chiang Ching Kuo of Taiwan Monday decreed the 12-mile territorial waters and a 200-mile economic zone, effective immediately. The Cabinet recently decided to extend Taiwan's territorial waters from 3 miles to 12 miles, with an economic zone reaching 200 miles. AP
    AP  -  46 words
  • Article
    Fantak set for Lingui takeover
    300 12 FANTAK Realty is now in the final stages of its successful takeover of Lingui Developments, the former tin mining company within the Sime Darby stable. Fantak announced yesterday that it has now received acceptances, which together with the 2.69 million stock units already acquired or
    300 words
  • Article
    Variety of stumbling blocks
    108 12 INDONESIA has tecued iadutrialiaei etuMn cf hampering wiii hiwi Industries la developing coaa tries The ehsrge was made by State Minister far Economic, Financial aad ladastrial Affairs Wljsy* Nltlsastrs at the speaiag sf the rixth Csafereaee sI Asian Ptywssd Maaafaetarers la Jakarta. "pastas, tariffs, qsallty controls,
    108 words
  • Article
    Asean fair pledge by KL trade groups
    287 12 AFP MALAYSIAN industry organisations have pledged their support to ensure substantial and appropriate representation at the second Asean trade fair that is being sponsored by the Australian government. The organisations include the Malaysian National Chamber of Commerce and Industry, and the Federation of
    AFP  -  287 words
  • Article
    Oil price chain reaction fear
    258 12 Reuter ANOTHER round of oil price increases might have been started by a decision of traditionally moderate Kuwait to boost the price of its crude by 10 per cent, the Financial Times reported yesterday. The paper said oil industry anxiety has been intensified by Mexico,
    Reuter  -  258 words
  • Article
    Asian textile exporters resist US moves
    285 12 UPI AMERICAN trade negotiators have failed again to persuade an Asian country to reduce its textile exports to the US market, South Korean officials said yesterday. The secood round of textile talks between the US and South Korea ended in stalemate without an agreement
    UPI  -  285 words
  • Article
    Federal Cables to sell subsidiary
    558 12  -  By P GUNASEGARAM FEDERAL CABLES, In an apparent move to diversify out of manufacturing activities, is disposing of a subsidiary company and acquiring two others involved in trading and property development. The group told the Kuala Lumpur Stock Exchange yesterday that it has decided to
    558 words
  • Article
    LONDON STOCKS
    745 12 LONDON, Tues. Government bonds were up to point lower following the public sector borrowing requirement statistics, dealers said. UK banking figures were largely discounted, they added. Dealers reported sentiment was also dampened by operators' expectations of continued high UK interest rates. Industrial leaders were mixed in moderate trading
    745 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      82 12 1 Unwrapping World X V w more than half the world market WORLD TRADE CENTRE SINGAPORE 5-9 November 1979 Business Hoors-11 a.m.—B p.m. See the latwt presentation of machine*, equipments, materials ani supplies for the printing and packaging industries tJV over 260 leadin manufacturers from 17 countries. Industries manufacturers from
      82 words
    • Advertisement
      Page 12 Advertisements Column 2
      85 12 <M Just pick up the phone and Emery picks up the responsibility. o I iV* When you're busy meeting deadlines, controlling inventory, hounding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as seriously as you
      85 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      62 12 WEATHER Outlook for Singapore from 6 a.m. to 1 p.m. today: Scattered showers in early morning. Report for 24 hours prior to 7JI poll, on Oct.! at the airport. Maximum temperature 30.3 Associated humidity 73 Minimum temperature 24.2 Associated humidity 96 Hours of sunshine 1.50 Rainfall in millimetres 5.4 Total
      62 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Greek tanker fire
        106 13 UPI FIRE broke out on the Greek oil tanker Almond B on Monday, forcing the crew to abandon ship. First reports said the 12,000-ton ship was traveling from Naples to the Sardinian port of Cagliari with empty tanks when it transmitted an SOS saying a blaze had
        UPI  -  106 words
      • Article
        Beirut shooting
        87 13 UPI SNIPER fire closed down the port of Beirut on Monday for the first time in nearly two months, police sources said. The port is one of Lebanon's main public utilities and the key to the country's economy. The last time the port was forced to shut down
        UPI  -  87 words
      • Article
        Ship sales
        98 13 Reuter LONDON second-hand tonnage brokers reported the 109,545-long-dwt tanker Afran Breeze, built 1967, sold to Greek buyers for about US$7.5 million and the tanker Julius Helm (20,801 long dwt, built 1961) to New York Greek interest for $1.8 million including time-charter at $6.25 per ton per month until
        Reuter  -  98 words
    • Article
      PTC's container depot in Jurong
      569 13  -  A $3M INVESTMENT By RAHIM KASSIM A LOCAL shipping and transport company has poured nearly $3 million into a venture to develop a container depot in Jurong which will allow the company to offer a comprehensive service to its clients. Poh Tiong Choon Shipping, part
      569 words
    • Article
      London freight
      207 13 UPI IN THE of m» bookings from the New York markets ud with little weekend chartering, Ike market get off U a slew start m Monday. Fixing was, by sad large, miscellaneous with single vsyage beatings Including movements of grain, Iran, are scrap and area te and frem
      UPI  -  207 words
    • Article, Illustration
      Power plant barge
      350 13 THE NATIONAL Power Corporation (NPC) of the Philippines has awarded a 7.5 billion yen (Ss7s million) contract to Hitachi Zosen of Japan for the construction of two power plant barges. The contract was signed last week following a successful tender by Hitachi, one of Japan's leading shipbuilders,
      350 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      1612 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 Fort
      1,612 words
    • Article
      Container Schedules
      978 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL MR (1) Each vessel's estimated time of arrival is advised by the Shipping Line/Agent and is subject to change 1 (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the
      978 words
    • Article
      Plans for new Hamburg port at Elbe shelved
      996 18 PLANS to build a massive new Hamburg port in the Elbe estuary appear to have been shelved. Hamburg's aim was to join forces with Bonn and other State governments in building berths (or superfreighters and tankers of up to 700,000 gross registered
      996 words
    • Article
      Where the Argo Merchant's oil could have gone
      519 18 AP IT HAS BEEN been almost three years since the Argo Merchant sank off New England, but a clue has turned up in Scotland that may indicate where the 7.7 million gallons of oil went. The Argo Merchant's legacy found on the
      AP  -  519 words
    • Article
      SHIPPING INDEX
      554 18 SMppiag Line ACS Afea Alfred Alpac Angkutan ANL APL Arya Nat ASCL Asia America Asia Merchant Atlas Aust.Cont Baltic Bank BBS Bienly Ben Ben Asia BenBulk Ben Ocean a Blue Funnel Page n IV V IV V i m n m n n IV IV V m n
      554 words
    • Article, Illustration
      Smit Cyclone gets Deepa Molek job
      230 18 SMIT CYCLONE, the SM/I,NMon floating sbeerlegs owned by Smit International (South-east Asia), has been assigned to refloat a sunken cargo vessel In Indonesian waters. The 4Ct-ton Indonesian cargo ship, Deeps Molek, sank last Tuesday night jnst outside North Sumatra's main port of Be la
      230 words
    • Article, Illustration
      SHIPS IN PORT
      498 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anchan (1830 hauls 70m East) 35/36 Blue Matsuyama (RO/RO) (0600) 47 Gerbera (RO/RO) (0600) 29/ 30 Galich (1200 after Savannah Maru) 44 Iweri (0700) 22 Ibn Zuhr (after Anchan hauls A Bunga Orkid sails) 33/34 Lilac Ace (0600 after Hup Huat 9)
      498 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      389 13 I:\vivff Lines toa TNI MOST FIIQOIMT SAILINGS TO UNMOK NONOKONC JAPAN ttfSAN. Ev«r«tl StMfTMhtp Corpn. S/A O*o»d C M Imc» V'«V B*»» M >0) OC «C fe* r«< JI44T j Po*» K»<0"0 Age~t\ SOCSMtp CO t* m?7V <s§* I RDl\l I AH Orient Overseas Co*dei*t&i Line •CHNA CONTAKX 3D t
      389 words
    • Advertisement
      Page 13 Advertisements Column 2
      253 13 JSI SEALORD LU ANTAF H m. UASC UNITED ARAB SHIPPING CO (SAG) GULF WEEKLY MULTI-PURPOSE SERVICES FULLY CONTAINERISED SERVICE U Loading for Dammam (27/10). Dubai (28/10) Damnum (22/11). Dubai (25/11) -■ilTilMlijiMiWM AL WATTY AH AL SALMAH Loading for )eddah (4/11) Jeddah. Hodeidah. Aqaba ieddah, Hodeidah. Yenbo, Aqaba ieddah. Hodeidah. Aqaba
      253 words
    • Advertisement
      Page 13 Advertisements Column 3
      386 13 NOL NEPTUNE ORIENT LINES LTD FAR [AST EUROPE FULLY CONIAINFRISED SERVICE r,T. d r. f H v-p C CONTA*ER |l 3 Oct 14 Oct SS BWOGf Oct 22 Oct N CORAL ?6 Oct 27 Oct K JACEAN 31 Oct 1 No. N PEARL 4 No. 5 No. C RO/f 10
      386 words
    • Advertisement
      Page 13 Advertisements Column 4
      643 13 m HONG KONG ISLANDS UNE LNER SERVCE FOB FAR EAST MIDDLE EAST t AFRICA TAIWAN ft HONG KONG AUSTRALIA See Page IV Column 3 for Sailings Agents SINGAPORE SHIPPING AGENCIESPTF LTD MARKETING *****? GE NE *****1 A Msii EURO ASIA LINE SDN BHO K I ***** 7- P Kl ANG
      643 words
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      Page 14 Advertisements Column 1
      651 14 iJmm FULLY CONTMNBRSED TO EIUOfE S parc Plrijof' Hl»| BTia»en Rdam It I i«r*B»r Cardfcw ■<) Tdai Eqmi Hanckn iprm 12/10 U/10 20/10 22/10 27/10 4/11 4/11 I 10/11 11/11 19,11 21/11 3/kL. 5/11 7/11 9/11 14/11 16/11 23/11 25/11 21/11 23/11 30 11 2/12 3/12 5/12 11/12 13/12 EXPRESS
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      Page 14 Advertisements Column 2
      389 14 jz, barber blue seo US ATLMmC USOli 1 EAST CMMM 3/5 Nrr lt/ll 1/2 (UC) I (BBS) I (EAC) I (MS) 17-20/10 II I 1«21 24/101 22 From: CANADA/USA Pacific Coast Siau Snaltj 11 12/10 20-21/10 1112/11 20-20/11 11-12/12 13-15/10 29-30/10 13-15/11 29-30/11 13-15/12 15-17/10 30-2/11 15-17/11 30-2/12 15-10/12 11-19/10
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      Page 14 Advertisements Column 3
      640 14 EVERGREEN LINE r AR [AST fUROPI EXPRESS EUll CONIfIINER SERVICE ACCEPTMG CARGO FOR HAMBURG FELIXSTOWE. ROTTtROMi ANTWERP IE HAVRE AISO ACCEPTMG CARGO FOR UNTED KINGDOM SOUTHAMPTON LONDON. MANCHESTER. BIRMMGHAM BRISTOL. LIVERPOOL GLASGOW LEEDS WIST GERMANY BfeMEftHAVEN HOLLAND AMSTERDAM S IMrc Kantei (rtiitoot tottetaa It I 13 Od 3 Not SN»
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      Page 14 Advertisements Column 4
      952 14 Everett Linesi 1 Burma Fivt Star Shippin| Corpn. "BURMESE NATIONAL LINE" LOAMNG FOR RANGOON nm PAGAN ?fl 22 Oct 23/24 Oct SALOMON CAREER (10A0RIG FOR HONGKONG ONLY.) 6# 00/41/10 Oct B F.S.S C Agenrs m MoJoyvo TEPS MALAYSIA Port Kalong Tel (38) 7355 Pcnong Tel *****/***** Compania Arpantina Oa Mavapacion
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      Page 14 Advertisements Column 5
      793 14 r tXO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD KM 2102 2 103 21ST FLOOR MARINA HOUSE SHt NTON WAY MISTRI ROAD SINGAPORE 2 TEI *****44 7 *****70 SANKYO LINE AUSTRALIA SERVICE KVOSDMN m mm IMT SKY... VII RIVER. ■I PORT 17/11 Oct 11/13 Nov 11/13 Oct IS/IC Oct 13/15 Oct 9/10
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      Page 15 Advertisements Column 1
      840 15 Overseas ■B M Containers Limited Weekly service toffrom UK/Europe To UK/Continent s pore rmai My* Bay 12 Oct 14 Oct Cardfcanßay 20Oct 22 Oct t«to Eiprett Tl Oct Bay 30 Oct Mm Maru 4 Not ><W|i Mara 4 Nov Kamakuri Mara 10 Nov Hongkong Eipresi 11 Nev Bendder 19 Nov
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      Page 15 Advertisements Column 2
      876 15 GRANARD LINE RED SEA/MEDITERRANEAN SERVICE fpan Pltf** Pw*c Ln*i( tor MM TAT *.311— 12 Ocl leddah/ P (Ft«y Booked) (HON NEWTORR V.32N 3 Nov M.V. MM M V.33W29 Nov MV. MM Of ONC ¥.34* 17 Dk Jeddah/ P. Sod Alexandria Beirut, Lattakia Port Said Aleiandria Beirut/Lattakia Jeddah, P Said'Aleiandria Beirut/Lattahia
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      Page 15 Advertisements Column 3
      832 15 yjrJ BEN LINE CONTAINERS WM 22/11 HK. TWN Sted 22/11 JPN BU 11/10 27/11 29/11 Hft ran express comma serwce to/from europe MBURC SHAVEN ROAM HAVRE SOU TOBRWE Spore P W Germany Austria Antwerp F ram M 0 My* BIT 12/11 14/11 1/11 vil 4/11 1/11 1/ Cart** Bar »/1»
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      Page 15 Advertisements Column 4
      781 15 Scan Dutch V tViiova *:<JI *VgNf»l? 1/1 i:i j d «r« HMCA DAHLIA FIANCESCA HJNCA MM.M FUNCESCA BUNGA OAHLIA FIANCLSCA BUNG* MM* FRANCE SCA BONGAOAHLIA LmpeaLßJ. Caaan rANPTEUVIA I) Nbadto T) Mm 4) Umt| 30/10 A/11 0/11 VII 11/11 13/11 15/11 14/11 19/11 20/11 22/11 21/11 20/11 27/11 24/11 21/11
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      Page 15 Advertisements Column 5
      605 15 BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD. LOADS FOR E. I S. AFRICA KATERMA ORACOTOULOS (Reunion Our tan Ctown Pt Elu. E london) Kuantan 16/14 Oct S pore 19 22 Oct P Ketang LYKES OR lEN I LINE U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, Galveston) Si«apere P. Keiang
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      Page 16 Advertisements Column 1
      773 16 K LINE KAWASAKI KISEN KAISHA. LTD. TO EUROPE P Kelang I Havre Rdam I Bremen Amp (accepts* carjws to k<n*uw na Hanbw() FROM EUROPE TO FAR EAST "K" LINE is pleased to announce the commencement of a container service between Singapore and USA with immediate effect. AGENTS SPORE NEPTUNE AGENCIES
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      Page 16 Advertisements Column 2
      714 16 E C./GREAT LAKES SERVICE ICMOHC rot: new ram. aoneolk. ountku. tokmto. uhtmum Penang Bctam P K«m| Smppxt CALIFORNIA/PACIFIC NORTH NEST SERVICE im*i i«: ioi ma m nmasm. Una nam VMCOIMI BC EXPRESS CONTAINER/CONVENTIONAL/ REEFER SERVICE "SO tEGHM.tr* S O JMMU NUDESK "S O UNTO" ''Mam Mmi Seaport I Angeles 17/U
      714 words
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      Page 16 Advertisements Column 3
      709 16 Fr 4>Uf I Oi. VAHUM'NG 'lift AS .'4<>9s (tr<uin SINGAPORE SHIPPING AGENCIES PTE ITO OC.t AN BU'iC NU S NGAP'IB« 1 1 LINE S' G' M "A, 9' V 4 M S i A B I.4RSH f IH.! I A'GI SM'P K'TITHI lioiilamcr Lines WEEKLY CONTAINER SERVICE to/from BANGKOK DSR
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      Page 16 Advertisements Column 4
      380 16 u PMM| 8 OWC B IMUO 10 1? Oct w:.>y,w. T.M.VM: »UNITHAI IAHTED TH*I SHIPPMG ajRPORfIrtON LTD edvess comditioml sotvta to mo from uk/contmnt If Mm. S pore P Keunt Pen** lu** F« BEJURMAS 1214/10 IS 17/10 Lhorn 31/10 Cdrtf /Ldon 6/11 Hot 13/11. Rdam 18/11 A»erp 21/11 MKHMI hi
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      Page 16 Advertisements Column 5
      741 16 1 v T ■> i Hi ill* r» r i INTRASEA (PTE) LTD F*ber House 234E Orchard Road Snqat/orp 9 Telephone *****1 1 *****5 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE ALKYON NORASIA NBS7 NORASIA NBSI Ajents Spore P. KeUn| Penang Li 14 Oct It Oct 12 Nov 15 Nov
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      Page 17 Advertisements Column 1
      367 17 B EGYPTIAN INTPD>d ATIOM a i I IMC /en INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FROM EGYPT ALEXANDRIA SINGAPORE NILE U SID OCT 3 OCT 16 I GENERAL AGENTS I N SHIPPING PTE LTD rfl 2?0441i (SINGAPOREt TLX R*****7 SUB AGENTS HSH Mi SDN BHD TEI *****3 *****7 <K1 *****6 (PRi
      367 words
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      Page 17 Advertisements Column 2
      386 17 TT\ ALFRED C. TOEPFER JPw SCHIFFAHRT Express Regular Service To Dubai ETA ETD ANTONETTE 15 Oct 20 Oct Express Service to Damnum and Kuwait M. V ALIAKMON LEADER 2 Nov 7 Nov Owners Representative Office Tel. No *****33 AGENTS UK ORCNT TRAOMG I SHPPMG PTE. 110. 2004. 2001 Fk. GoUen
      386 words
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      Page 17 Advertisements Column 3
      378 17 MMAI WM COMBO LINE REGULAR TIMBER/PIYWOOD BULK SERVICE TEESTA WOOI COMBO WOO 2 P.KELANG LOG. FOR: 13/10 Nanie?/Newport 5/11 Nantes/Newport AGFNTS Spore Magna Shipping ipff) ltd Tel *****11 5 *****13 4 PI Kelang Perkapalan Jimur I auf Sdn Bhd Tel 38 8506 7 Kuala lumpuf *****1 2 CELTIC BULK CARRIERS
      378 words
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      Page 17 Advertisements Column 4
      526 17 NOTICES r A v. "VWiva Rafcaka" Vay: arrived tth Ortohee, IV». at PAA. G*4*wa N». II General Survey of damaged cargo ex the a£ove vessel will be held on Friday 12th October, 1979. from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Ageata:R. JI
      526 words
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      Page 17 Advertisements Column 5
      569 17 M. V. TA TO VOY IS/Tt arrived 4.11.71 at PPW GODOWN MS General survey on damaged cargo discharged ex the above vessel will be held on Friday 12th October 1979, as from 9.00 a.m. to 3.00 p.m. No further survey will be held after this date. STRONG WILL ENTERPRISE (PTE)
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      Page 18 Advertisements Column 1
      53 18 APPOINTMENT R REQURED FOR OUR FOREIGN GONG REEFER SHPS WHCH REGULARLY CALUNG SNGAPORE CHKF EMOMCER APPLICANTS MUST POSSESS MOT (MOTOR) CERTFICATES nrrrrw n— CANCHDATE SHOULD POSSESS TRADE CERTFJCATE WITH SOME EXPERENCE N REPAR AND MAIsJTE NANCE OF REEFER PLANTS FOR NTERVtW PLEASE PHONE 2229)55 OR WRITE TO P O BOX
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