The Business Times, 13 May 1980

Microfilm: NL10631
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C4P) N*. llt/l/M TUESDAY, MAY IS, ISM 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Prime rate cut
      84 1 AP NEW YORK, Mon. A major New York bank has cut its prime lending rate to 16.5 per cent, reflecting the plunge in short-term interest rates that has occurred as the economy slowed. Morgan Guaranty Trust Co, the nation's fifthlargest bank, cut its rate from 17.5 per
      AP  -  84 words
    • Article
      Lock icon Consistency needed
      55 1 Reuter CANBERRA, Mon. Protests by Asian countries against Australia's high and increasing barriers to their exports should be noted with concern, National Farmers Federation president Don Eckersley said. He told a Confederation of Australian Industry forum that Australia should show some consistency with the stance it has been
      Reuter  -  55 words
    • Article
      Lock icon Military takeover
      53 1 AFP KAMPALA, Mon. Armed soldiers today patrolled the tensely quiet streets of the Ugandan capital following an apparent military takeover of the country from President Godfrey Binaisa. An armed forces spokesman announced today that a "group of military commanders" had taken control of Uganda and would keep it
      AFP  -  53 words
    • Article
      Lock icon Demand rejected
      67 1 UPI TOKYO, Mon. Japan has rejected a demand by Arab hardliners that Tokyo drop its support for the Camp David accord for a Middle East peace. Foreign Minister Saburo Okita told a visiting Arab League delegation that the Japanese government views the Camp David agreement signed between Israel
      UPI  -  67 words
    • Article
      Lock icon Cuba apologises
      69 1 Reuter NASSAU, Mon. Cuba said its planes sank a ship towing two Cuban fishing boats towards the Bahamas and apologised if the vessel was a part of the Bahamas defence force. A government spokesman here said Cuban air force Mig fighters strafed and sank the Flamingo described as
      Reuter  -  69 words
    • Article
      Lock icon Trade surplus up
      52 1 Reuter KUALA LUMPUR, Mon. Peninsular Malaysia's trade surplus widened sharply to 193.68 billion in calendar 1979 Iran $L 52 bulioc in 1978 following a jump in export value, the statistics department reported. > Exports rose to $19.05 billion from $13.68 billion while imports reached $15.36 billion from
      Reuter  -  52 words
    • Article
      Wage opposition
      35 1 MANILA, Mill. Philippine exporters have opposed the government's plan to provide another round of wage increases (or industrial and agricultural workers. They emphasised that it would worsen the serious unemployment and underemployment problems.
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    • Article
      Lock icon Dow Jones
      68 1 AP NEW YORK, Mon. The stock market and interest rates moved lower today, as some major banks cut their prime lending rate and the slide in stock prices entered its third day. The Dow Jones average of 30 industrial stocks fell 4.18 to 801.62 in the first half
      AP  -  68 words
  • Article
    Chief Price Changes
    145 1 Rises Mtkyu Tia 3500 E Kamu 560 M Bukbtl 960 D Kirtaat 1380 Straits Tradia* 1220 butt 560 Pacific Dar 320 OUB 376 Mifiia Carp* 830 Salaagor Dredf 560 Taa Caoaf 560 Falls 150 55 25 +20 +20 20 +20 17 15 15 15 Indices Apr 9
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  • Article, Illustration
    KUALA LUMPUR
    156 1 Rites Indices Mai Tin 35.50 +2.50 May 9 May 12 S Malayan 21.40 1.00 DunJop Ind S Klnta M Banking S Trading Tronoh K Kampar I M Text Kg Lanjut King's Hotel Malek 5.40 U.80 9.70 12.40 13.00 5.65 0.42 3.72 4.40 5.40 .40 .40 .25 .20 .20
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  • Article
    Little interest in study missions
    693 1  -  ACQUIRING FOREIGN TECHNOLOGY By HSUNG BEE HWA MANY Singapore companies are still unaware of the value of study missions as a means of acquiring foreign technology. This is reflected in the dismal response to various such missions recently organised by the Technology Transfer Institute. The
    693 words
  • Article
    Lock icon Coal seen as vital energy source
    261 1 Reuter COAL is the only fuel which could supply the bulk of the extra energy the world will need in the next 30 years, but output would have to rise to two and 1 A half or three times the present level, an expert
    Reuter  -  261 words
  • Article
    Gold exchange to lower deposits
    427 1  -  ■y RUTH CHENG KULMGS on gold dealing in Singapore will soon be revised to sharpen the competitive edge of the market here against other international exchanges. The Gold Exchange of Singapore (GES) and the Singapore Clearing House are looking into the question of lowering their
    427 words
  • Article
    Fodder wide of the target
    362 1 ANOTHER company which made its debut on the Stock Exchange of Singapore last year has failed to achieve the profits forecast in its prospectus. Singapore Fodder, which had forecast that group pre-tax profit for the year ended Dec 31 would be $2.8 million, turned in
    362 words
  • Article
    Sime may buy assets of Glychem S'pore
    148 1 SENIOR executives of Sims Darby Mhp bay op the plant and eqslpniml of Glyeheai Slagapere, flssth nsst Asia's ealy glyeertae Singapore has TJxxr us The Natfanal Trade (Mm Cangvess Is beflevsd have a $I«MM lb Poajm Rsadteel»ry sees palm <■ and talIsw ft»
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  • Article
    Registry to get tough on errant companies
    472 1  -  BY MARGARET THOMAS THE Registry of Companies is gearing up (or firmer action against companies which do not comply with the provisions of the Companies Act. It it beefing up its prosecution facilities and will make sure that companies which do not submit
    472 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      33 1 rz Corporation Far all typaa af Culinary (Oriental ICmmnUM :4Mn«4M«M grewd. «M«. RS ***** A/B RAKICOA mWed, MfW, CaMc: "RAKKOMP" RftCM and Bttlftt. Factory Malaysia Tafc S94M Mawrfactiwar, Joker* Bakni Miliar and stockist*.
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      Page 1 Advertisements Column 2
      94 1 Electronic Typing System Mm. Al#ik4 fill !>■ mn t mgm programmes was specttfiy p gmivH to tane owr fnycn of sw worWoad caused by many routine chora# Involved in the composition, preparation and presentation of typewritten text In the business office of today. Be prepared to turn over many of
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      Page 1 Advertisements Column 3
      58 1 SHIPPING TIMES STORE SYNDROME: Twe la FOLEX revises m—tnwMw limelight >•••••••••••••••••• 2 scheme 11 REGISTRY sf Campaaies seeks RESILIENCE la the Philippine ta clear the air eceaamy................................... 12 URGING Sahah's rarai paar DATUK Hasseia ia far talks lot# cash eeaaamy.................... 7 with PM 12 AIRCRAFT i. TV AND RADIO CROSSWORD
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      2 1 Lm4er...page I
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      Page 1 Advertisements Column 5
      249 1 RICOH Plain paper copiers PreteniwJ byoffloet vwortdwkte CALL *****5. Wywy Private Limited Wywy House, 17 Lang Km Road. Singapore 0315. Sec Leader Mi Letter NPifel t i*. ni ABQ Ist Quarter 1960 Malaysia's investment incentives: need for change Malaysia has been quite successful in attract ing foreign investments to help
      249 words
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  • TRADE AND INDUSTRY
    • Article
      Two companies in the limelight
      807 2 SINGAPORE SYNDROME THE experience at two Japanese investors In Singapore bss been featured in a recent Focus Japan report on trends In Japanese overIn what It terms the '«■g*l»— syndrtane', the Japan External Trade Orasstasttnn (Jetro) msgastne MghHgkf a two year old plastic monMtafs operation
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    • Article, Illustration
      PEOPLE IN BUSINESS
      58 2 MB N. J MCUKOCX, formerly director of marketing for Black A Decker (Australia) Pty Ltd, has been appointed regional manager, South-east Asia, based in Singapore. He reports to Mr R. C. Ttvy, vice president Canadian Pacific Group in Los Angeles and covers operations in Singapore, Thailand, the
      58 words
    • Article
      Conference of rubber associations
      79 2 THE plenary usdacncc of the Rubber Industries Association of South-east Asian Nations (RIASEN) wffl be held in Singapore lor the first time on May 9 and May 30 at the Hotel EauatorlaL Afr Ridzwan Dzaflr, director of the Trade Department, wffl officiate at this 7th RIASEAN
      79 words
    • Article
      Trade between China and Asean rises 50pc
      438 2 CHINA'S two-way trade with Asean rone SO per cent in the first half of last year compared with the aame year-ago period. Its Imports from the region rone faster than its exports. Its imports from Stagapore Its largest trading partner after Japan, Hongkong,
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    • Article
      MEMO PAD
      343 2 SEMINARS AND COURSES May 14-16: Effective Publicity Writing, Hilton Hotel, ConSUlagia May 19-June 19: Reliability Engineering, Sisir Lecture Room, Sisir May 21-23: Advanced Programming Techniques, Institute of Advanced Technology May 22-23: Managing Foreign Exchange Risk, Shangri-La Hotel, AMR International June 2-3: World Ranking Con- ference, Shangri-La Hotel, Business
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    • Article, Illustration
      Jeans for Australia
      204 2 SDiGAPOßtaate Jeans, which an sailing well In Earepe and the US, wffl saan be tohedamd Into the Aastraltoa market Blhi and Baha HaMtogs wffl iipiu a nan of leans at the AeeaaTrafe FUrta Meibanrne to AaThe eenpaay wffl atoe display wnarr aid aaler tote majeTrem rape. aba?m
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    • Article
      Striking rise in US imports
      237 2 US IMPORTS of manufactured products from developing countries in East Asia increased strikingly during theisms. Statistics from the US government show that the value of manufactured imports increased from 1970 to 1978, as follows: For Taiwan, from US$4B6 million to *4.936 million. Taiwan has become
      237 words
    • Article
      Publishers urged to penetrate world market
      231 2 THE Iflnlitw for Com mi in tcatkn and Culture, Mr Oog Teng Cheong, yesterday urged publishers in the region to penetrate the international market to correct the "information imbalance" bttwmn developed and developing countries. "The perceptions of Western authors who write on developing countries
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      113 2 TAKE THE BUS *;s£».»'• J- -.r j m rt v 'i i A -JM M >.' j jatfjSfer* 4''i*» f-H«- h: i* lU OP* ux /*sSr\ 6fV V <M7^ Vr-, *3 CUcw Now you can enjoy Smooth as silk service to Bangkok twice a day onboard our remarkable A 300
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      Page 2 Advertisements Column 2
      36 2 THE LARGEST SELLING CHAIN-SAW IN THE WORLD. k V A? st T*y i f *11 Unit 1003, 10th Floor, Tan Boon Liat Building, Outram Road. Singapore 0316. Tel: *****47 (3 Line#) Cable: STIHLSEA Telex. RS *****
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  • REGIONAL
    • Article
      Lock icon Canberra tour ends on a successful note for Li
      296 3 Reuter AFP CHINESE Vice-Premier Li Xiannlan left Australia yesterday after a 10-day visit during which China and Australia agreed to work to halt further Soviet military advancement. Mr Li also had important trade talks with Australian officials and a major sugar
      Reuter; AFP  -  296 words
    • Article
      Cave back from the mainland
      107 3 HONGKONG Financial Secretary Sir Philip Haddon-Cave returned to Hongkong during the weekend at the end of a week of discussions on trade and financial matters in China. Sir Philip, accompanied by government political adviser Dr David Wilson, had what he described as a detailed exchange
      107 words
    • Article
      Lock icon China's goodwill highly valued, says Callaghan
      587 3 Reuter BRITISH Labour opposition leader James Callaghan has said that there is broad consensus in Britain that the maintenance and development of good relations with China has to be one of the cornerstones of British foreign policy. The former Labour prime minister arrived in
      Reuter  -  587 words
    • Article
      Lock icon Manpower going to waste because of bad management
      517 3 AP CHINA is wasting an alarming, amount of manpower, material and funds because of improper economic policies, a group of Chinese economists say. The group said not enough attention is paid to economic results getting the most out of an hour of
      AP  -  517 words
    • THE REGION IN BRIEF
      • Article
        COMPUTER OUTPUT UP
        548 3 THE Japanese electronic computer industry had a one trillion yen turnover last year. The Nippon Administrative Management Association said production of computers and related equipment in calendar 1979 rose 23 per cent to 1.12 trillion yen from 910 billion a year earlier. BARELY 29 per cent of
        548 words
    • Article
      Lock icon An easier trade surplus for Australia last month
      300 3 Reuter AUSTRALIA's seasonally adjusted visible trade showed a US$269 million surplus in April after a $399 million surplus in March, the Statistics Bureau said. In April 1979, the seasonally adjusted surplus was $36 million. April exports totalled $1.60 billion against $1.79 billion
      Reuter  -  300 words
    • Article
      Lock icon Coal miners won't return to work
      108 3 Reuter THE first of several meetings of Australian coal miners throughout New South Wales (NSW) and Queensland have rejected a trade union recommendation that they return to normal working. More than 20,000 miners in the two states are locked out after refusing to work
      Reuter  -  108 words
    • Article
      Lock icon Taiwan's US$90m deficit in April
      214 3 AP TAIWAN had a trade deficit of US$9O million in April, the second in two consecutive months this year. The Directorate General of Budget, Accounting and Statistics said that according to preliminary statistics, exports in April reached $1-54 billion, up $292.5 million or 23.4 per
      AP  -  214 words
    • Article
      Lock icon India plans to instal overwing missiles
      191 3 AFP INDIA is likely to become the first country to integrate air-to-air missiles on the overwing pylons of a Jet fighter aircraft. Reports quoting Indian Defence Ministry sources said defence experts have successfully developed a plan which will enable fixing of French Matra R
      AFP  -  191 words
    • Article
      Lock icon Okita's visit likely to focus on Iran
      696 3 Reuter JAPANESE Foreign Minister Saburo Okita will leave Tokyo on Saturday for talks in Britain, France and West Germany that are expected to include second-stage economic sanctions against Iran. The Foreign Ministry said yesterday that Mr Okita would hold regular talks with his
      Reuter  -  696 words
    • Article
      Lock icon Assam natives in for a showdown
      341 3 UPI NATIVES of Assam seeking to drive Bengali settlers from the north-eastern state are heading for a showdown with the government. The Assam Students Union and the Ganasangram Parishad (People's Struggle Association), said they would move on their own to deport the "foreign nationals"
      UPI  -  341 words
    • Article
      Lock icon India, Indonesia pact on cement plant expansion
      194 3 Reuter INDIA and Indonesia have signed a memorandum of understanding to participate in the expansion of the Indarung cement plant near Padang, West Sumatra. The agreement was signed by Indian Minister of Industry, Charanjit Chanana, and his Indonesian counterpart, AR Suhud, following two
      Reuter  -  194 words
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  • RAW MATERIALS
    • Article
      Lock icon April increase in Straits tin shipments
      383 4 Reuter SHIPMENTS of Straits refined tin from Penang rose in April to 6,350.25 tonnes from 5,776.25 tonnes in March and 5,761.25 tonnes in April 1979, the Straits Trading Co Ltd said. This brought total shipments in the first four months of this year to
      Reuter  -  383 words
    • Article
      Produce exchange
      169 4 CHINESE Pradace Exekaage, Stagapare, aaaa clastag prim per Iff kg Ceeeaat all: Bulk fob $137.50 sellers, old drum (in second band drum) fob $147J0 sellers, new drum fob $154.00 sellers. Capra: Mixed (loose) $79.00 buyers. Pepper: Muntok white pepper fob Asta NLW $505.00 sellers, Sarawak white pepper faq
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    • Article
      RUBBER
      326 4 THE Singapore market closed easier yesterday with June One RSS buyers quoted at 290.00 cents per kilo, down 8.50 cents from last Friday'» close, dealers said. The morning market lost six cents following lower London advices, stale bull releases and stoploas selling. The market fell further during the afternoon
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    • Article
      RAS PRICES
      298 4 R.A.S. prices In cents per kilo yesterday: Noon (P«r kik» Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 288.00 28B.00N Int. 1 RAS. June 293.00 294.00 Int. 1 R.S.S. July 297.00 298.00 Int. 2 RS.S. aiOO 285.00N UK/coot mso MJON Int. a RAS. moo 2BJ0N UK/Coot moo mom Int.
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    • Article
      SSR and SMR
      92 4 NOON SSR tad SMR pricaa ywtardm r HAS JB (ClfTMl Myan 1 SSR» (1-ton pallrt) J74J0 SSR SO (I lea pallet) 171 JO iMRXLB JM SMR CV (1-ton pallet) M4J0 JM) msoN 27SJON MOJON ■mil M nw rrxto Mr MUI ■an ruoN T7&J0N >47 JON SMR L
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    • Article
      Rise in rubber exports
      133 4 PENINSULAR Malaysian total rubber exports for 1979 rose to 1.58 million tonnes from 1.54 million tonnes in 1978, according to the Malaysian Statistics Department. However, exports in December fell to 124,239 tonnes from 142,532 tonnes in November and 139,709 tonnes in December a year earlier. The
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    • Article
      Straits Tin
      93 4 THE Stralta tin prlee fm Peaaag fell mtĔĔm Mill per fleal to £4* riaggtt yesterday, $45 ftbeve the litwtlfl Tin Agreement celling, The coßttaaed weak- peerer wwmm perg>i wim, parttralarty 1h LMdM and general lftek ef streag baying, km eaatteas ftii market expectation sf GBA tta «ties Cm
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    • Article
      CLOSING PRICES
      39 4 Rubber: May 12 Singapore: Jane: 290.00 cents (down 8.50 cents) Malaysia: June: 294.00 cents (down 9.00 cents) Tin: M 52,190 (down $10) (equivalent to $B*2l nor kilo) (down 17 oents) Official offering: 199** tonnes (np 89 toanoa)
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    • Article
      Membership fees doubled
      47 4 THE full membership cost, Including the acquisition of at least one share In the Hongkong Commodity Exchange, has been doubled to HKSMMM for new members, aa exchange official said. The increase takes effect immedstety and the ded- A— VO (JOUUSC i^^»niii coat followed hmvy^demand
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    • Article
      PALM OIL
      130 4 THE market ruled higher yesterday despite operator caution over the weakening of the US dollar and pending a lead from overseas, dealers said. Trading was thin and confined to the southern region. May rose MJ2O to $870, per tonne while June gained $2.50 to $872.50. The refined market
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    • Article
      TEXTILES
      188 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa van: Olns Blue Phoenix 20s 2470; 32s 2J60, 60S 2,830 (per bale of 400 lbs). Pises «se«s: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • Article
      RICE
      305 4 HN6APOU: Yesrtiilays in St per Idio, THAI WHITE: MO per cert lkst dam Ctapm) m dmL OJO. Mo*per eat tU diaia, Spvoot new crap iaß-UpvcMia THAI ntOKKN: 1 I^ll THAI RXX: SpVMIM Mock. CHINA RKB: V pv Mt OJI, 15 pa- cert bo Hock, 25 per cert Ift, S
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    • Article
      Slow growth for textiles
      126 4 TEXTILE cammmftim It the EEC h Ukt)j to (Ik tf only one to L 5 par cent yearly over the next lew yean, eccorcMag to two European textile Industry organise tk**. The European Association of nothing Indiirtiies and the Coordination Committee (or the Textile Industries In
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    • Article
      LONDON MARKETS
      951 4 COFFEE: Robusta futures closed yesterday morning steady around the session's highs and with gains from last Friday of £11 to £18 per tonne. Turnover was 2,635 lots, including 35 options. November and January ended the morning at new contract highs of £1,817 and £1,815 respectively. September, however, ended
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    • Article
      Lock icon Record harvest forecast
      361 4 AP Reuter THIS year's winter wheat crop is estimated at a record of 1.71 billion bushels, 6 per cent more than last year's harvest, the US Agriculture Department said. The new estimate, based on field surveys on May 1, Is also up 9 per cent from the
      AP; Reuter  -  361 words
  • ASIAN STOCKS
    • Article
      High yen rate takes toll
      581 4 TOKYO THE Nikkei Dow Jones average went down Y5.83 to Y6,754.94 yesterday. Total volume was abnormally low (180 million shares) due to a sudden rise of yen rate and the strained situation of the Japanese Petro-Chemical plant in Iran. Oil issues were active reflecting the
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    • Article
      Hongkong
      263 4 MAY 12 HKS Aiii.iI KuMwr AvoM'Utrd 4 55 unrh llMAfll h«*niig Kong I'Z.. 1380 -0 1 China Kn|> China l.iicht .ZZ! 1900 unrh lH) MM l*Hjr Urban 1 (HUM MM >1 2 OSS (Yom llarb Tunnel 950 02 KJKI Asia Njvii 5 25 Ott> l-ar East Exrh FMftn OltfB
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      Sydney
      260 4 OIL and resources stocks were firmer in an otherwise dull market yesterday, dealers said. INDl'STMIALM MAY 12 Onl& A I 1 mi -1 A N. 1 240 unch A P M 168 unch Anipol Pel 120 3 B H P 1245 25 Bunk NSW 280 -5 Boral 230 unch
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      Bangkok
      265 4 STOCK prices closed mixed in quiet trading yesterday, dealers said. Capital Trust rose one baht to 61.50, Jalaprathan Cement one to 118 and Rama Tower three to 85.50, while Bangkok Bank, Industrial Finance Corp and First Trust closed unchanged at 296, 120 and 81 respectively. MAY 12 Bah Is
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    • Article
      Manila
      142 4 THE market was mixed yesterday, although turnover rose to 3.1 million pesos, from last Friday's 2.8 million, dealers said. Gainers were Oriental, Phil Overseas, Seafront of Goodrich, San Miguel B, Volcan while Lepanto B and Ptailex B fell. The rest were untraded and unchanged. MAY 12 Pesos Acojr Mining
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    • Article
      Selected indices
      29 4 H.K.HANG SENG Monday 889.62 Friday 888.86 Week Afp 886.40 SYDNEY INDUSTRIALS Monday 616.18 Friday 610.68 Week Ago 506-52 ALL ORDINARIES Monday 795.19 Friday T9061 Week Ago 781.03
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      109 4 Bank of America shows more interest in your money. Especially money on Fixed Deposits 1 month 10 3 /e% 3 months —10% 6 months 9 1 /2% 9 months 9 Va 12months —9!4% If you're interested in more interest on your money contact our New Accounts Officers at any of
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  • OVERSEAS
    • Article
      Lock icon US worried that allies may soften stand
      603 5 NYT HIGH-RANKING American administration officials said on Sunday that they were deeply disturbed by the signs that the western allies plan to renege on their earlier pledge to impose a total ban except for food and medicine on exports to Iran if "decisive
      NYT  -  603 words
    • Article
      Lock icon Israel to go easy on autonomy talks
      455 5 UPI AFP ISRAEL will not be taking any drastic steps in the Palestinian autonomy talks or its settlement policy in the occupied West Bank until Egyptian President Anwar Sadat makes clear why be suspended the 11-month-old self-rule negotiations. The cabinet met in regular
      UPI; AFP  -  455 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      746 5 ARRIVALS Service Local Operator Number Time From FT T71 0710 JFK/ORD/TPE SIABA SQ/BA17 0600 LHR/BAH SIA SQI01 0615 KUL MAS MH60TC 0630 KUL MAS MH621 0635 PEN RBA BI427 0930 BWN MAS MH671 0930 PEN/KUL SIA SQ211 1000 HLP CAL CB14 1000 HLP CPA CX710 1005 HLP
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    • Article
      Lock icon Convincing victory for Schmidt at state polls
      302 5 UPI CHANCELLOB Helmat Schmidt aid his Beelal DenMcntte Party yesterday leaked optimistically te October*! aatioaal elections after a eeaviadag victory la state palls In Weat Germaay's pepalaas Rhlae aad Rahr regteas. Saaday's eleetlaas la Nerth Rhlae Westphalia, the last state alcctto— before October,
      UPI  -  302 words
    • Article
      Lock icon Saudi Arabia to maintain current oil output
      445 5 AP SAUDI Arabia, the main foreign oil supplier to the United States, will maintain its current 9.5 million barrels-a-day oil output at least through the end of this year. The newsletter Petroleum Intelligence Weekly, a widely followed publication, says Saudi "authorities at the
      AP  -  445 words
    • Article
      Lock icon Warning of increase in price of crude
      120 5 Reuter THE Carter Administration asserted that if its efforts to impose a new oil import fee are defeated, then world oil prices will increase further and irreparably harm US security. In a legal brief filed with the US District Court, government lawyers argued
      Reuter  -  120 words
    • Article
      Lock icon Top business leaders support budget cut
      728 5 NYT DESPITE indications of a worsening recession, top business leaders gathered at Hot Springs, Virginia, during the weekend and exhorted the Carter Administration and the Federal Reserve to continue cutting the federal budget and slowing the growth of money and credits. "The fight against
      NYT  -  728 words
    • Article
      Lock icon Brezhnev likely to address Warsaw summit
      215 5 Reuter THE Soviet Union, buffeted by Western criticism of its intervention in Afghanistan, is expected to mount a diplomatic counter-attack at a Warsaw Pact summit in Warsaw this week. Soviet President Leonid Brezhnev, making his second trip abroad in just over a week, is
      Reuter  -  215 words
    • WORLD IN BRIEF
      • Article
        Lock icon HOME OFFICE INQUIRY
        376 5 Agencies THE British Home Office will open an inquiry into press reports that crooks had gained access to the British police's central computer. A spokesman at the home office confirmed that the action follows a report published by the London weekly News of the World that technological
        Agencies  -  376 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      155 5 Letts Diaries-the jmemorable way to mix business with pleasure The business gift should be something that shows you've thought about your customers and clients. A gift that's a welcome and constant reminder of you and your company. And the right answer is LETTS. Letts Diaries make the ideal business gift.
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  • Article
    Doing the right spadework
    341 6 IT SEEMS somewhat strange that after all the talk about the need to upgrade our own industries, Singapore industrialists appear to be unconvinced of the value of acquiring foreign technology through study missions to Japan. On the surface of things, that would appear to be a
    341 words
  • Article
    It is inevitable that there be rules
    411 6 THE determination of the Registry of Companies to bring to book those companies which flout the basic conditions of their existence will surely be welcomed by all who seek an orderly and equitable marketplace. Singapore takes pride in subscribing to the iaissez /aire
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  • Article
    ROC seeks to clear the air
    2448 6 Letter to the Editor Letter to the Editor Dear Bb, I refer to the letter to you from "Interested" which was published in your newspaper on May 9. As the work and procedures of my Registry have been much misunderstood and there are various
    2,448 words
  • Article
    STRAWS IN THE WIND
    189 6 FISH, though they keep quiet about it, feel pain like any other vertebrates, so says an inquiry into shooting and angling set up by the Royal Society for the Prevention of Cruelty to Animals. The panel of scientists points out that the lips and mouths of
    189 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      158 6 St? FEDERAL PUBLICATIONS Home Studies Division is pleased to announce the visit to Singapore and Malaysia of Mr. Emile Woolf FCA, Director of Emile Woolf College of Accountancy, London, and Miss Christine Waugh B.Sc, Liaison Head of Overseas Schools FROM MON MAY 12 TO FRI MAY 16. During his visit,
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      36 6 x>< ouT.Heee ue] f good moGN'NG.mv Deac? :or°es.. PvCe th«mgs HEJae fvr mfvams Pevv/s £> VT^-r-. BriStdW: PnankDidoenS FfT' TP\U< RBCXJT LOfvreo miTty u*-tetJ i LeFt u«m Wg, U*\S OUT ujesT. R COUJBOV OH DODe Gp*JCv-l TV4»»4K
      36 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      1449 6 ißMCTßronffi Spine-chilling thriller BBC BTABTB a mem Ave- qalet, part spiae-ekilliag thriller the e teday, the Aw* et Herveet dad H»me, hued ea Itemu with Tyrea's bestseller mvoL It dark i ted wltk Hfe la The series, Eeekiei, lastead they starts at I.Mpa ever the ves ftsegled saaM ehaaaeL Sapperted
      1,449 words
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  • Article, Illustration
    Urging Sabah's rural poor into cash economy
    2155 7  -  Despite growing prosperity in the urban centres of Kota Kinabalu, Sandakan and Tawau, some 75 per cent of Sabahans still rely on subsistence agriculture, reports BILL CAMPBELL in his second article of a six-part serial on Sabah. BILL CAMPBELL NOT ALL Saba ha
    2,155 words
  • Article
    Lock icon Join'em if you can't lick 'em
    823 7  -  FOBUH ...with James Beston NYT ED MUSKIE was confirmed by the Senate as Secretary of State quicker than you could say "Ayatollah Rubollah Khomeini." He should have been pinched for speeding. But there may be a lesson in this on bow to ease the
    NYT  -  823 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      234 7 f v<~ t 1 I M s$ I 2 <*> 5» 21 wa S 1 r «u- *f v »"i I***-* fiff SI J Sundrape Vertical Blinds block out the sun but not the view. Let Diethelm show you how with our beautiful collection of Sundrape Vertical Blinds. Sundrape Vertical
      234 words
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  • INTERNATIONAL STOCKS
    • Article
      CRA PLANS TO RAISE ITS CAPITAL
      286 8 «CQNZINC Riotinto of Australia Ltd (CRA) has decided at its annual meeting to increase its authorised ■capital to $300 million from $225 million currently. The increase in capital Iwfll he achieved through the nreatioo of 150 million new shares of SO cents each. OBA's
      286 words
    • Article
      Marginal increase
      88 8 COCA-COLA Cnumv said Its USA ssft drink «pen, ttsw were ap slightly iirtu Ike first qaarter compared with last year's. Its foreign ssft drilak ult sales tetag the qaarter were am thaa II per eeat ar-sssirtca America aad Earspe/ AMaa hmlmm m. a c» i vasVD. in s#n
      88 words
    • Article
      Massive jump
      46 8 BENQUET Caasettdated's first qaarter 1M net lamped Ukl milllaa peses (2M mllHea) ea streag sales st ISLI mUHaa (1144 mllllea). The dramatic laereaae was the resalt it higher metal priees which were magnified hy the start sf w—wwfcl predaetlea last gaid aperattM. 01 Mppt
      46 words
    • Article
      Higher quarter at Xerox
      244 8 XEROX reported that first quarter net earnings per share rose slightly to US$l.76 from $1.63 previously. Net profit increased to $148.4 million ($137.4 million), on higher revenues of $1.86 billion ($1.61 billion). Year-ago figures were restated to reflect consolidation of Wui Inc, acquired last November. Rental
      244 words
    • Article
      Lock icon Changes at Mai Hon
      317 8 Reuter CARRIAN Holding Ltd has made several changes at its subsidiary, Mai Hon Enterprises Ltd, following its acquisition of 75 per cent of Mai Hon's shares. In an updated notice to shareholders, Carrian said in view of the acquisition, it would be appropriate for Mai Hon
      Reuter  -  317 words
    • Article
      Lock icon Matsushita surges ahead
      175 8 Reuter MATSUSHITA Electric Industrial Co Ltd had a consolidated net income of 26.09 billion yen (U5519.43 billion) in the first quarter, ended Feb 20. Sales «»nm U p to 641.73 billion yen ($528.61 billion) while earnings per share was 22.2 yen (H6.7). A company spokesman said higher
      Reuter  -  175 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      171 8 Where to wine, dine and entertain m 3 k y I A IlKi I Less to pay on our Weekday Package! Mm long ainc* you-yaftadadayloaamolMaly nothing ucapt tan? Now whan you coma or, our «eaci« waakday holiday, you gat bad and braaktaat p»o» a* the tuna lo yourself Me actmtiaa
      171 words
    • Advertisement
      Page 8 Advertisements Column 2
      163 8 lubertus ®rill For lunch. For dinner. For a richly rewarding experience. Businessmen's Lunch Monday to Friday SIS 10% service charge .TV, cess Javanese Rijstafel Sunday $lh 10% service charge 3% cess f or reservations ca!l 737 c )b77 J i(S> <'I 111 il'\ 1 *111'k HI 14 'I'llllll I SilUjHj
      163 words
    • Advertisement
      Page 8 Advertisements Column 3
      136 8 4 Dine at Dragol Palace Have a royal feast <>f\ antonese delicacies a memorable experience. Quick Hong Kong Tim Sum Lunch available daily. ■%v Corkpil tSolrl C all Josephine for reservations *****75 or 7:1791 II 107 '4 WW 'v- &>>s Hainanese Steamboat Take the tastiest morsels o( squid, beef, chicken,prawn,
      136 words
    • Advertisement
      Page 8 Advertisements Column 4
      205 8 Noodles, mien or mee? It's the same. No matter what you call it. The difference is the way our chefs serve up to you. Whether it's fried, dry. or in a soup. Whether it's Hokkien-style, Cantonese-style, or local-style. You'll like the way we have with noodles, mien and mee at
      205 words
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      Page 8 Advertisements Column 5
      216 8 •8m Pago 4 for Asian stocks The American Express Card serves you well wherever great food is served i c BBS Mi Tt > 14 U-' RE fe c ~7Z y<. r OSjuLL) r> f--4 os\ Sool IniiK clit \iii|» fe£J Ronnie DTrio Robin's Tavern. The place to go, after
      216 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Not a threat for EMS
      202 9 Reuter THE RISING cost of oil and raw materials has hindered the reduction and harmonisatk» of rates of inflation among members of the European Monetary System (EMS), but this should not directly threaten the system. West German Finance Minister Hans Matthoefer said the relationship between
      Reuter  -  202 words
    • Article
      Buyer of Chase debentures
      84 9 AMERICAN Financial Corp said in a filing with the Securities and Exchange Commission that it acquired U5524.2 million principal amount of various classes of convertible debentures of Chase Manhattan Mortgage and Realty Trust. American Financial paid $16.1 million for the deben- tures. The issuer is currently
      84 words
    • RESULTS
      • Article
        Lock icon Credit Suisse
        227 9 Reuter CREDIT Suisse reported lively first quarter business, with the balance sheet total reaching 60.37 billion francs at end-March compared with 55.23 billion at the end of 1979. Its Interest margin narrowed further and writedowns were necessary on its bond portfolio. However earnings from foreign exchange and precious
        Reuter  -  227 words
      • Article
        The Union Bank of Switzerland
        220 9 THE BUSINESS results of the Union Bank of Switzerland for the first quarter of 1980 were favourable, due partly to special factors. Overall income exceeded the figures of the same 1979 period, although the various operational sectors showed differing development. The increase in net inter-
        220 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore markets
        483 9 THE U.S. dollar fell against major currencies yesterday, on market belief that the undertone of the currency is generally weak. After opening at 228.60/70 against the yen, the US unit then experienced up-down fluctuations before reaching 230.00/20 at Tokyo's close. Profit-taking and a squaring of positions then brought
        483 words
      • Article
        GOLD
        280 9 IN THE Singapore market yesterday, gold futures turned easier in late afternoon trading, but prices still closed slightly firmer on balance compared with last Friday's close, dealers said. Trading was generally quiet throughout the day with total sales reported at 54 lots and kerb volume at three lots, they
        280 words
      • Article
        Australia/New Zealand
        58 9 THE following are Australia/NZ exchange quotes for yesterday: Australia exchanges: US$ 1.1280/1.1232 Stg 0.4976/0.4918 90 day air mail buying rates Stg 0.5239 us dlr 1.1770 90 day fwd buying rates Stg 0.5030 us dlr 1.1243 NZ exchanges: Reserve Bank midrate U550.9724 Trading bank indications U550.9774 0.9674 Stg 0.4295
        58 words
      • Article
        ASIAN $
        174 9 ASIAN ASIAN currency deposit interbank rates as at close on May 12: t 7 days 1 month 2 months 3 months months months 12 months US MlsngSpt) iovi IO 1013/*****1/10 UH 11W 117/10 11 5/16 llVi 11H 117/16 llft/10 117/10 11 ft/16 1 month 3 months 8 months 12 months
        174 words
      • Article
        Discount
        9 9 r ,V>1 ■T jj3 Source: National Discount Co
        9 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 12.2 per cent.
        22 words
      • Article
        HONGKONG
        174 9 THE UJS. dollar regained some of the ground lost during morning trading yesterday and towards the European opening, was moving steady in narrow range in fairly active trading, dealers said. It was quoted at 1.8046/52 marks, higher compared with the 1.8020/30 opening, but still below the 1.8090/ 8110 New
        174 words
      • Article
        LONDON
        198 9 THE U.S. dollar opened quiet and fairly steady against European currencies yesterday, despite the bearish Implications for US interest rates of the latest drop in US money supply, dealers said. The dollar opened at 1J060/70 marks, although it later eased to L80M/50, compared with a late Hongkong 1.8046/52 and
        198 words
      • Article
        TOKYO
        250 9 THE U.S. dollar for overnight delivery closed at 230.20 yen yesterday, up from a 229.50 opening and but sharply down from 231.80 at last Friday's close, dealers said. Trading was heavy but nervous with volume US$l.O2 billion. The Bank of Japan bought a small but unspecified amount of dollars
        250 words
    • Article
      Lock icon MANILA RAISES INTEREST RATES
      104 9 AFP THE Philippine Central Bank has raised the maximum interest rate on all transactions between bank and other financial intermediaries from 17 to 18 per cent. The increase, which covers commissions, premium, fees and other charges, seeks to prevent excess funds to banks from being placed
      AFP  -  104 words
    • Article
      Lock icon Filipinos remain credit worthy
      149 9 AFP DESPITE the Philippines' debt exposure of US$lO,OOO million, there has been no indication of a downtrend in the support given by many international banks, Security Pacific National Bank (SPNB) general manager John Gettelman said. Mr Getzelman who is also the vice president of SPNB's Manila
      AFP  -  149 words
    • Article
      Lock icon ACCORD WITH BEIJING
      62 9 Reuter JAPAN'S Saawa Bank has gaatsattoa designed to attract fsretga eeiaissle aid. Under the agreement, Saawa will tntrodaee Japanese enterprises waattag to Invest In China, supply flnsnrlsl and technatogical assists are aid tor projects and give date en the latorBaak sf Tskye, the Industrial Bank ef Japan
      Reuter  -  62 words
    • Article
      Lock icon Fuji Bank takeover
      67 9 Reuter AFP JAPAN'S Fuji Bank Ltd has acquired a 100 per cent stake in Eurocapital SA, a Luxembourg-based finance company affiliated to Union Bank of Switzerland (ÜBS). Fuji did not disclose the purchase cost, but said Eurocapital is capitalised at the equivalent of U*****,000. The Arm, renamed
      Reuter; AFP  -  67 words
    • Article
      Lock icon Swiss to comply with US restraint plan
      613 9 Reuter SWISS banks are ready to co-operate with US credit restraint policy following a request by US Federal Reserve chairman Paul Voleker, Swiss National Bank president Fritz Leutwiler said. The National Bank will shortly hold talks with representatives of major banks in Switzerland
      Reuter  -  613 words
    • Article
      Seminar on export credit systems
      173 9 ABOUT 100 Asean bankers and government nffWuia have been invited to a seminar on "Major Western Export Credit Systems" to be held here on May 21. Organised by the Berne Union, an international union of credit and Investment insurers, a presentation of export credit insurance
      173 words
    • Article
      Dealings in SDRs for five
      93 9 ANOTHER five institutions are now authorised by the International Monetary Fund (IMF) to acquire, hold and use Special Drawing Rights (SDRs) on uniform terms and conditions. They are The East Caribbean Currency Authority, St Kitts; The International Fund for Agricultural Devel- opment, Rome; The Nordic
      93 words
    • Article
      Steady sterling expected
      251 9 STERLING is expected to remain steady against the US dollar in the immediate term, unless a surprise move by the Rank of England significantly lowers the minimum lending rate. Declining Eurodollar interest rates in the context of unchanged British interest rates and uneasiness over the Middle East
      251 words
    • Article
      GUIDE BOOK ON GOLD
      167 9 THE BULL market in precious metals is only Just beginning, said Paul Sarnoff, a financial expert in the US. Over the long-term, precious metals, especially gold, have only one basic direction to go against the dollar up. Because of the increasing focus on possisble high returns
      167 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      231 9 rrm sPniEiiusii International hawking wasn't the last thing American Express thought ot It was one <rf the first In fact, financing international trade was an important part of American Express business during the early years of this century. Today, American Express International Banking Corporation can help you with every phase
      231 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1479 10 BID and offer prices officially listed and business in and reported to the Stock Exchange o#--Singapore yesterday with the number of shares traded shown in brackets in lots of 1,180 units, unless otherwise s£cifled. SECTION ONE INDUSTRIAL COMMERCIAL (1948 2.968) (1) 2.90
    1,479 words
  • Article
    Unit trusts
    159 10 nNGAFOU UNIT TBI m OCMOM AGL The Commerce (Mii'l'ii' frteaa Union Spore Fund tar May LB The Savings Fund 134 io INCOME BON D UNIT S'pore Prof Fund Lll LU (CVtmI pi Income Bond Mi|i ■VIM teas) Lit S'pore Sac. Fund l.M 2 08 122 S'pore Invest Fund
    159 words
  • Article
    SHARE INFORMATION SERVICE
    2723 10 1980 High Low Coapaay Last Sale orGr'» Div Div Crr Gr*s Yld Net P/E Vol COOO) Day Higk Low SECTION ONE -■v; Jfc 22 J4J ME tZi 8C 290 •7S0C g INDUSTRIAL ft COMMERCIAL > 245 1 220 1 116 t 140 1 270 1 60 1
    2,723 words
  • Article
    In Kuala Lumpur
    1593 10 BID and offer price» officially lilted and hniine«B In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. D4DURVUI* Alaaai (IMB 128) cd Ate BaM (1.328 L3BS) A Chaa (1J2B)
    1,593 words
  • LATEST RESULTS
    • Article
      ACMA Electrical Industries
      46 10 has reported group pre-tax profit for the year ended Dec 31, 1979, of 5*4.69 itiUlion (compared with {3.35 million previously) on turnover of $69.69 million (152.88 million). The directors recommend the payment of a first and final dividend of 15 per cent (same).
      46 words
    • Article
      OVERSEAS Union Enterprise
      59 10 has reported pre-tax profit for the year ended Dec 31, 1979, of 5110.78 million as against $8.92 million the year before, on turnover of $57.67 million ($50.94 million). A first dividend of 5 per cent was paid last November and the directors do not propose a further
      59 words
    • Article
      PERAK Carbide Corpora- tion
      33 10 has reported unaudited net after-tax profit of M 5212.172 (loss 1225,505) for half-year ended Mar 31 on sales of 15.47 million (J4.68 million). No interim dividend was declared (same).
      33 words
  • Article, Illustration
    Prices close mixed in quiet trading
    685 10 PRICES dMd mixed to relatively ««let trading at (to flijipin sleek market yesterday. Isltlal rtMiiw was daaspeaed stlgktiy ky a Hgkt preflt-taktog la a lew scattered ceeetere^kwtj^ieteeted as prices galaed fartker Aaalysts currently appear divided la tkdr views ea tke market, tksagk tke geaeral
    685 words
  • Article
    Kuala Lumpur a shade easier
    569 10 PRICES turned a shade easier on the Kuala Lumpur stock market yesterday, after last week's widespread gains. Trading was quiet as market operators paused to reassess the current situation following the recent strong uptrend. There was some profit-taking among the market favourites but losses were
    569 words
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  • COMPANY NEWS
    • Article
      Folex to present revised scheme to shareholders
      802 11 FOLEX Industries Berhad has announced a revised reconstruction scheme to put the troubled company back on a viable footing. The main features of the revision take into account some of the objections raised by shareholders who in June last fear shot down the
      802 words
    • Article
      Dunlop may be squeezed by falling prices, rising costs
      772 11 AFTER a bumper rise in profit last year, Dunlop Estates appears to be less optimistic about its prospects in the current year. The possible advent of a global recession, according to chairman HM Collier, in his latest annual review, "suggests that
      772 words
    • Article
      ALCOM'S SPARKLING RESULTS
      448 11 WITH the erpanston of its aluminium sheet robing mill now in the actiye engineering stage and with the installation of facilities, Aluminium Company of Malaysia (Alcorn) hopes to increase further its output of the year. Last year, the company spent H-77 million, mainly on expanding its extrusion
      448 words
    • Article
      DIVIDENDS ANNOUNCED
      671 11 -»JI Carraat Payaaat Kx v Data Books Cloao Date Total for Total for Payable the year Previous year GBLtfe AlboMio CHyiDay Gatkrie ICB 8kufri-Lt CUMW| Iatraco MA A K Load Daalop Est 18% W» 5%(b) 10%(n) 15% 18% 5% 8%(n) 23%(e) Apr 29 Apr 22 Apr 10 Apr
      671 words
    • Article
      SCRIP ISSUE
      197 11 Company Particulars Ex Date Books Close G Keat UOB o?sr? OUB Malakoff T Tat Bowtetd Utd Plaat Saayo lad 81 Tradiag 8i« Lla Bonus Issue of 1 for 2 Bonus Issue of 1 for 10 Bonus issue of 1 for 3 Bonus Issue of 1 for 10 Bonus
      197 words
    • Article
      George Kent faces stiff market competition
      562 11 GEORGE KENT is likely to experience some difficulties in the current financial year with the loss of a large portion of a significant water meter contract. The setback, which occurred towards the end of 1979, has apparently affected both sales and profitability of the
      562 words
    • Article
      Lock icon Chance to salvage your investments
      712 11 «MS by HOCK LOCK SIEW POLEX INDUSTRIES shareholders have before them now a slightly modified scheme to keep their company afloat. A delicate balance has apparently been attempted to incorporate the interests of existing minority shareholders (some not so minor) and the creditors, Malaysian Industrial
      by HOCK LOCK SIEW  -  712 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      56 11 the ultimate in motoring pleaswv... the Ferrari The sleek \t)iing, the beautifulewves... Power 10g0... > Ml mm fm- m -vv JP r i&wUF-.'m; y y<-343m V ST, n in i (F k See r/)«m /n our new showroom at: 45 Leng Kee Road. Tel. *****5, *****3,*****0. Also at 14-20 Orchard
      56 words
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  • Article, Illustration
    Lock icon Datuk Hussein in for talks with PM Lee
    319 12 Reuter MALAYSIAN Prime Minister Datuk Hussein Onn arrived in Singapore yesterday for talks with Prime Minister F,ee Kuan Yew on the situation in South-east Asia, particularly the Kampuchean crisis. Datuk Hussein and Mr Lee are scheduled to hold two rounds of talks
    Reuter  -  319 words
  • Article
    Lock icon LIBYANS TAKE OVER EMBASSY IN VIENNA
    135 12 Reuter A POPUI>AR committee of Libyans peacefully took over their country's embassy in Vienna yesterday and said similar action iHild be taken at 14 other n issions mainly in East I atrope and Asia. t Die embassy has been t imet! into a 'peoples
    Reuter  -  135 words
  • Article, Illustration
    Four new projects at Middle Road area
    251 12 FOUR new commercial complexes representing more than HOO million of private investment will be built in the area around Middle Road over the next five years. Together with current and planned future projects, they will help transform this area into a new commercial
    251 words
  • Article
    Lock icon RUSSIA PULLING OUT MORE TROOPS
    114 12 AFP RUSSIA is to pull another group of armoured troops out of East Germany. The announcement by the Soviet news agency Tass confirmed a Radio Moscow report that another batch of troops the fourth in six months would leave Germany. Last October, at celebrations to
    AFP  -  114 words
  • Article
    Lock icon Sumatran customs cracks down on illegal trade
    357 12 UPI AFP IN A major crackdown on growing illegal trade between Singapore and Indonesia, customs officials have seized about 10,000 tonnes of goods. North Sumatran customs police seized the cargo from the Singapore-based Aceres, a ship belonging to Eastern Shipping and Trading Co
    UPI; AFP  -  357 words
  • Article
    Lock icon Philippine economy stays resilient
    680 12 Reuter RECENT indicators are pointing to continued resilience in the Philippine economy but greater efforts are needed to combat inflation, raise production and intensify energy conservation and exploration. In a speech to the Interim National Assembly, President Marcos said the economic performance of his country during
    Reuter  -  680 words
  • Article
    Lock icon Swedish labour dispute ends as workers return to jobs
    338 12 Reuter NEARLY million Swedish workers return to their Jobs yesterday ending the country's biggest ever labour dispute but it could take weeks for the nation to get back to normal. The Swedish Employers' Federation (SAF) on Sunday night rejected proposals put
    Reuter  -  338 words
  • Article
    LONDON STOCKS
    817 12 LONDON, Moo. The market closed mixed after a relatively quiet session, dealers said. At 3pm, the FT index was down 3 4 at 4311. Government bond* rallied from a weak opening to clone as much as 0.2 point higher. Oil shares attracted buying with Tricentral and Burmah gaining
    817 words
  • Article
    Lock icon 2-pronged strategy at Thai border
    217 12 Reuter MALAYSIAN and Thai officials meeting in Kuala Lumpur yesterday decided to give equal priority to social development projects along their common border and military operations against communist guerillas entrenched there. Malaysian Interior Minister Tan Sri Ghazali Shafie said the one-day meeting had emphasised socio-economicdevelop-ment
    Reuter  -  217 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      126 12 Peace clared Today, many businessmen are declaring that they have found peace. Servicing peace. Said one businessman, "It's p.ood to be able to relax. Now, I just leave it all to Carrier". It's true. With a Carrier Service Agreement, Carrier technicians carry out a program of regular, planned aircon maintenance.
      126 words
    • Advertisement
      Page 12 Advertisements Column 2
      190 12 T—. n f T I j jl *<«»- J We've the family flavour... -V. m -a. T It's our big difference at Kelong Thomson Restaurant Food, glorious food, for the family! Sumptuous seafood fresh-caught from the kelong and barbecued, fried, steamed or baked, and served with taste-titillating sauces Savoury home-style
      190 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 1 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. ItopMi for 24 hnn prtor to 1J pjk May 12 at ue airport. Maximum temperature 32.2 Associated humidity 68 Minimum temperature 24.3 Associated humidity 99 Hours of sunshine IL2O Rainfall in millimetres Nil Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Strike in the offing?
        95 13 Reuter ROTTERDAM'S general cargo workers have overwhelmingly rejected government pay controls, raising the prospect of strikes in the world's largest port. Only 350 of the port's 7,000 general cargo dockers attended the meeting but they voted three to one against wage curt» introduced by thegoverament in
        Reuter  -  95 words
      • Article
        Lock icon Ship components order
        83 13 Reuter NIIGATA Engineering Co Ltd has received a three billion yen order from the Philippines' state-run National Development Co to supply engineering and major components for five 3,500 dwt freighters. The contract calls for the Japanese company to design the freighters as well as supply engines, steel
        Reuter  -  83 words
      • Article
        Lock icon San Benito keels over
        66 13 AFP AN inter-island passenger vessel with 150 passengers on board capsized, leaving nine persons drowned and scores of others missing in southern Philippines. Press reports on Sunday said swift currents in the treacherous channel between Plaridel and Tongo Islands in Surigao Del Norte Province, some 740
        AFP  -  66 words
    • Article
      Rubber body may join Malaysian shippers council
      538 13  -  By G DURAIRAJ THE MALAYSIAN Rubber Products Manufacturers Association is expected to Join the Malaysian National Shippers Council which willreinforce its effort to resist the spiralling freight rates for their products to certain destinations. The president of the association, Mr Lim Beng Huat,
      538 words
    • Article
      For more control over loyalty agreements
      309 13 A BILL now before the Am traUnn Parliament gives the federal lounmel a grater degree ef eeatral ever loyalty agreements be* tween ship purs and shipA dlvfatoa la the Trade Praettoee Act by tbe BUI enables loyalty agreements to be denlt with sepnratoly fram
      309 words
    • Article
      INDEX TO ADVERTISERS
      545 13 SMwtaCUM I Cai Sklpflag Ltaw Pa«e Cai Adriatic Afea All trans Alpac Angkutan ANL APL Argentine ASCL Asia Merchant Bank Line BBS Ben Line Ben Ocean Ben Asia Benbulk Blue Funnel Burmese CAVN-FMG Ceylon Shpg China Nav China Ocean CMCR Cnan Colombo Cont Combo Line Djakarta Lloyd
      545 words
    • Article, Illustration
      Godowns make way for new workshop complex
      243 14 POUR gadswas at Keppei Wharvea will be daaaaMwd thla aaaath ta Make way far the Part af fflsgapiM Aathertty*a asw »4.4 milllaa aarkahap eampiez. Dae far eaaapletlaa by Deeeaahar aext year, the aew raMplfT will baase the Marhaslral eaglaeerlag warhahap, the eaatrai stare
      243 words
    • Article
      NEW PANAMA LAW
      394 14 PANAMA will soon introduce a new law on preliminary mortgage registration that will give all legal rights and more security to lending institutions during the preliminary registration period. The new law, in the process of enacting, introduces a new procedure which will be fast and efficient and
      394 words
    • Article
      Container Schedules
      937 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/Agent and Is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      937 words
    • Article
      LONDON FREIGHTS
      1424 14 INTEREST last Friday was largely centred on the timecharter section at very firm rate levels In the grain section, cargoes were fixed from the US Gulf to Taiwan at US$3B (fio) (or September and from the US Gulf to Venezuela at $37.15 (fio) for spot loading. Sugar chatterers
      1,424 words
    • Article, Illustration
      SHIPS IN PORT
      402 15 IAPBLTKU ARRIVALS TODAY KEPPEL WHARVES Cape Horn (0700 Bulk Wheat) 8/9 Empros (2130 tide after Palattoo) 3/4 Gaopeng (1200) 13/14 Kota Perwira (0700) 10/11 Rio Borde (RO/RO) (1700 after Lloyd Bakke) 6/7 Wakatake Maru (1700 after Blue Kochi Head East) 1/2 PAHR PANJANG Crystal Star (0900) CB
      402 words
    • Article
      Conferences concerned over new US anti-trust law
      492 15 WITH the so-called Omnibus Maritime BUI currently reaching its final stages in the US Congress, UK conference circles are concerned over another Bill approved by the Senate to provide broad anti-trust immunity for ocean shipping lines to set rates Jointly. A controversial feature
      492 words
    • Article
      Europe-India rate protest
      426 15 LEADING exporters from 14 countries have lodged further protests over the cost of sending goods from Europe to the Indian subcontinent. Such is their concern that they have warned the conference involved "gy,, re to look at "alternative possibilities" for the trade. The European Shippers Council J**
      426 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      3120 19 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
      3,120 words
    • Article
      Lock icon Flamingo attacked by Cuban warplanes
      89 20 AP ftE kkialu giikMt mamiagĕ was «HmM M (fee itr ui it ktit lav Milan were killed. rfMal said tg'SBSl Saate Dwfe» Bu, ibNt qi IQB K mi Ml k—mm kew mmmj umia urn liwil tke gMkeat it Um UMi lie tfMal Mi Ike Nmmb
      AP  -  89 words
    • Article
      McGregor Swire makes its first full year profit
      566 20 THE airfreight forwarding arm of the huge Ocean Transport and Trading group, McGregor Swire Air Services (MSAS), announced that in 1979 it made its first full year profit in its 10-year existence. MSAS, a leading international airfreight forwarder, beat its pre-tax profit
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    • Article
      Desperate conditions for tanker owners in the Gulf
      310 20 CONDITIONS remained dpperate for tanker owners iathe Gulf states area last wMk although there were slightly more inquiries. The combined effects of h|£tl oil stocks and continuing uncertainty in West Asia tqok its toll. Out of the Gulf states area itself, several
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    • Article
      The Consortia
      134 20 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ACE (FAB EAST/EUROPE): Franco Belgian Services. *K' Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANBO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line. Nedlloyd Lines. Neptune
      134 words
    • Article
      Swire Straits Container Line
      261 20 LINER PROFILE SWIRE STRAITS Container i.in* formed in the second half of 1978 by John Swire (London), Overseas Containers Ltd and Straits Steamship operates a regular service between Japan and Straits ports. It is a member of the Japan Straits Container Line or Jascol consortium which
      261 words
    • Article
      WHO ACTS FOR WHOM...
      1413 20 The leading shipping lines operating (rem local ports and the agents who hnndle cargo beekings far them. A-B Adriatic CmWmt Continental Feeders (S)/Cargo Freight (PK). APIA Singapore Shipping Agencies (S)/Euro-Aau Line (PK/PN). AIM C. Tn flu Sea Consortium (S)/Marintex Enterprise (PK). Aipae Intrasea (S)/Yeo Shpg sad
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      344 13 PIL GROUP SBBTICK TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE FOR THE PERSIAN OULF AND RED SEA PORTS. See Page I \KDIM \M \ll SAI UfrfQ Orient Overseas CotdcMteA. Line rtum rm, Inport 14/5 11/S 20/5 2S/5 27/5 1/8 3/S 7/6 9/6 U/6 13/6 l(/« 18/fi FULLY CONTAIOISED
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      Page 13 Advertisements Column 2
      277 13 sate SE A LORD ANTAH m 1 UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES FATHULKHAW V.17 AL YAMAMAH V.15 BN BASSAM V.25 Dubai (13/6), Dammam (15/6), Kuwait (17/6). Shuhaiba (19/6), Abu Otiabi (22/6). Doha (25/6) Dubai (19/6), Dammam (22/6), Kuwait (25/6), Abu Dhabt (28/6), Doha (1/7) Dubai (1/7),
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      Page 13 Advertisements Column 3
      27 13 CONTAINER Schedules II LONDON Freights H/IH SHIPS tai Pert m SHIPPING list vn THE Consortia VU REGIONAL Weather VHI WHO Aets Per Whom VHI LINER Profile VHI
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      Page 13 Advertisements Column 4
      676 13 u Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. MAERSK LINE EXPORT TO UA PACIFIC, GULF, ATLANTIC, EAST CANADA AND ASIAN PORTS It-' 'l,n H.IB AXaiMERSX* MOOLD MAERSK MmSMDSK ALBERT MfIERSX S*PCOf« Cteam Tnms TT 14/070# hn CfS 13/1900 Nrs TO ARABIAN/PERSIAN OULF-FULLY CONTAINERIZED SERVICE
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  • Page 14 Advertisements
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      554 14 LEO SHIPPING PTE LTD SINGAPORE PERN AS-MISC SHIPPING AGENCIES SDN BHD PORT KELAN'j PFNANG HEAD OFFICE: WISMA MISC TEL: NO: KL *****8 MALAYSIAN INTERNATIONAL SHPPHG CORPORATION BERHAD wt+mUrtu kin FwEwj« 31/1 JM 29/27 Mar 14/17 JM 19/17 la PXetang Panang am *m 29/29 Ma* 29/22 Iby 23/29 May 2/4 JM
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      Page 14 Advertisements Column 2
      181 14 SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA ft Uh| Mi *1(1/5 M *25/5 1711/5 17/1 22/ C ?«/S 2-3/6 2/7 7/7 J/7 17-11/6 17/7 22/7 24/7 hn II Tat M 25/1 27/6 11/7 12/7 25/7 27/7 St Ma R.M Ma hM 2/7 2/7 4/7 J/7
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      689 15 Overseas B BB Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports end Bangkok CantslmnMp Sarvfcts To/Fiwi inn CM* S*M fan PJMmi DM Obb »Iwms LtHan ilk >Nai ktat Ski 7 M IJm 111 m 2 M mtimm II Mr Ik IM flu 11 M
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      Page 15 Advertisements Column 2
      372 15 every Tuesday Arrivals from Europe every Wednesday With weekly feeder services to/ from Port Kelang and Penang Agcats Nedßoyd EAC SINGAPORE Tel: *****1 KUALA LUMPUR Tel: ***** PORT KELANG Tel: *****1/7 PENANG Tel: *****6 J. BAHRU Tel: ***** Scan Dutch IST CLASS CONTAINER TRANSPORT FlB Fr nnco Belgian Services MB
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  • Page 16 Advertisements
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      448 16 Hapag-Uoyd 6/6 1/6 1/6 11/6 12/6 14/6 15/6 17/6 13/6 15/6 16/6 18/6 19/6 21/6 22/6 24/6 25/6 27/6 28/6 30/6 2/7 1/7 30/6 29/6 30/6 2/7 29/6 4/7 6/7 7/7 9/7 11/7 12/7 10/7 12/7 13/7 >•« 3 I i ■itiji i 1/6 2/6 4/6 23/6 10/7 13/7 7/7
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      Page 16 Advertisements Column 2
      468 16 H LINE KOREA SH,mNG CORPN P. Krian{ ALTAI 151W 12/14 May ALTAR 152E 12/14 May VEGA 149W 30 May/2 June STORE 15/17 May 15/17 May 3/7 Jim FOR BUSAN BANGKOK TO BUSAN INCHON FORBUSAN BANGKOK TO BUSAN VEGAISOE 30 May/2 June 3/7 June TO BUSAN PENANG CALL SUBJECT INDUCEMENT KSC
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      Page 16 Advertisements Column 3
      389 16 EVERGREEN LINE FAR FAST FUROPf fXPRfSS FULL CONTAINfR SERVICE ACCCPTNG CARGO FOR: HAMBURG. FELIXSTOWE. ROTTERDAM. ANTWERP, li HAVRE ALSO ACCEPTMG CARGO FOR UMTEO KHCDOM SOUTHAMPTON. LONOON MANCHESTER. 6WMMGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY HOLLAND AMSTERDAM iwr 11 m, imim* am i*»LMy 31m 31m 5 km I tat 1 km
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      Page 16 Advertisements Column 4
      584 16 Everett Lines Burma Fhrt Star SkiffMf C*rp«. "BURMESE NATIONAL LINE" LOAMNG FOR RANGOON B F SS C A g«m in Malays* TEPS MALAYSIA Campania ArfMtiaa Da Navaaaooa Itwoitiiwttl S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOAOM6 FOR DURBAN, CAPETOWN", BUENOS AMES Spare VICTORIA I 12/13 Jun C«A Transportaaon Marrtima Maxicana
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      Page 16 Advertisements Column 5
      460 16 mo.s.E. OCEAN SHIPPING ENTERPRISES PIE LTD. SANKYO LINE AUSTRALIA SERVICE MAT SKYIMY carp.. Sbfapare br. SAUD SYO. MEL, MEL 13/15 Jm SYD.HEL.MXL BANGLADESH SERVICE b Part CHTTAGONG. CHALMA JAPAN/STRAUS SERVICE Shewn t. Kabul hn« S &SL I mm, CRYSTAL STAR b Part M ASPMATWI 18/17 May lUMIMAI 800 as atom
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      970 17 k. PIL GROUP EAST AFRICA/REDSEA SERVICE A SINGAPORE/CHITTAGONG/RANGOON/SERVICES 10/15 Jhm Loading For Chrttagoni Madras SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES SINGAPORE/INDONESIA/SINGAPORE SERVICES tt/ZS May 15/17 Iby JAKARTA IAKARTA JAKARTA/CIRE BON HOT A MULJA KOTA JADE KOTA SHEA 20/22 May 20/23 May 17/21 May S.E.A. Container Feeder Service SINGAPORE/HONGKONG/MANILA ACCEPTABLE LCL/FCL CONTAINERS JAKARTA SURABAYA
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      Page 17 Advertisements Column 2
      643 17 BEN LINE CONTAINERS I a atprfc* Mfefca usL ammto mow mm Ml 1V5 SaM 1B24 29/5 24/S sbis vi 3/f 4442 11/i 4/4 3» ll/f 1V« (711 SaM 1721 bM 5715 21/5 17*2 24/5 m» 2/1 1721 4/4 5714 17/1 STORE BEN UNE *****4 Kl. KM UME *****4 hM| U«
      643 words
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      Page 17 Advertisements Column 3
      576 17 1 t; j i ■M Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE irpwt i>irwiß?>r«Mi 3)HW|4)c»»i &mm un mmm LMU IV> M> irm na imrm IW 14a imu a/i &»l rA Ma I tl 1 I \m <1 1) hfcahm Cm IM>W» 2) i Lnwmi UK Cwi kM 3) V<W> tBWH.,I.
      576 words
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      Page 17 Advertisements Column 4
      447 17 BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD. LOADS FOR E. I S. AFRICA mtmmm kn/unx is/i9«* n ttr, 2km (afeo tof Port Elu. Cut LomOWI Md C'tMM) ino—t 9/11 My 12/16 My »My 31 My (Dm lor fort Eta. East Lm4m mi C'taM) U.S. GULF COAST SERVICE (New Orleans, MoMe,
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  • Page 18 Advertisements
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      462 18 s Kline KAWASAKI KISEN KAISHA. LTD. ■.UUIJ.'f.W'iU VM JC*f. c m§m M liiiMmM Nnfen) PROM EUROPE TO PAR n; Vaaaab ul WWt IraMM, rtea. fwmp sM U Hww) AGENTS: S PORE NEPTUNE ACENCES PTE LTD T*t *****11 MALAYSM ROUTENA NASMMAL SDN BHD Tafe P. Mh| 7475/6 KL *****4 Pma« *****/5
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      Page 18 Advertisements Column 2
      436 18 CALIORNU/PACfIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE tar in MKia m rrnbco. wnu. tacomr. mum*. it ImM FO/W1 Cafckn mm- Sg 5S !!5 AUSTRALIA EXPRESS CONTAMEA SCRVICt Acc*N FCL/ra CoMMm n Mr |C*M) IBM* 10 My <C*M) 15 A* 13 w mni rim ftm ami mm m IN 21M* 17
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      Page 18 Advertisements Column 3
      402 18 O roup SINGAPORE SHIPPING AGENCIES PTE LTD ;C'M »10U« (J(tANHuaCNG 1 VARM TiNG sjs> GtSfRAi 91J11T 11 4 I INI THf« «S HS ,")Sfc« A 8 C*»SMIP»( tßll CAHGOSHiP ■MIH imHI Container Linos WEEKLY CONTAINER SERVICE to/from BANGKOK turquoise TURQUOISE TURQUOISE TURQUOISE TURQUOGE TURQUOISE TURQUO6E TURQUOISE T STORE (Wed 1
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      Page 18 Advertisements Column 4
      502 18 |J\ GRANARD LIME INDEPENDENT ATTRACTIVE RATES MEDITERRANEAN SEA SERVICE ALSO ACCEPTING CONTAINER CARGO PCL ONLY FOR PORT SAID, ALEXANDRIA, BEIRUT. LATTAKJA. LJMASSOL. ISTANBUL A PIRAEUS Specialty engaged agents A stevedores providing immediate discharge mm ww tor 3sw 17 »L FOtTWE JTM V.39M MM SMC V.4M 2t M *Cafc| Part SaU.
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      Page 18 Advertisements Column 5
      472 18 INTRASEA (PTE) LTD. Fabe'House 234E Ochara RoaC Singapore 9 Telephorve *****11 *****57 f REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE ATLANTIC MM Spare f. M 77.... 21 ftby 24 Afaats: &««n RTRASA (Fit) Lit 2JS2MI ROOMS *****57 *****/2 ALPAC LINE S"pore P. Kaiant Penani LaaAv tar UKBBI4I kM 13 H>r
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      352 19 PAR FAST/EUROPE FULLY CONTAINERISED SERVICE a TO EUROPE/UK (VIA SUEZ): H CORAL C. CONTARO. K. MCEJM TWBRRJGE...... n pearl C.PMR.— MERCATOR. Also accepting cargo to/from Scandmavia FROM EUROPE (VIA SUEZ): i nIVTI N. PEARL Sailed C. PAUL Saited KRCATOR Sailed C. ROZE 14/5 K. IAGOKM 20/5 HKCONTMCR 24/5 a CHEF
      352 words
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      265 20 THE NEW STRAITS SHIPPING CO (PTE) LTD *1 MANILA SERVICE ETA STORE LOAHNG FOR: KV.NCnCROK 29/31 Mm HmA ft' l CHITTAGONG/CALCUTTA SERVICE ■3. HAMMOOD 22/24 Ifcy ChrttMone/Calcutta u, MANUA/KAOSHIUNG SERVICE lU.PKIOGB 31 Mqr Mamla/Kaostvunf -torn Btdf (sth floor), 179-t Tras Street S pore 2 TEL *****07/*****22 SOON SIANG SHIPPING PTE
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      167 20 ii i mmmm I Regional Weather SKA® I x M ft 3 h i U I ETi 71 ■#i M :Vx ■*»Q. >5\ 0 wx r h x^:: EQ > 2 I v V AL r II r SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNINQ. R Thunderstorm
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