The Business Times, 12 September 1978
1978-09-12
1
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The Business Times
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Title Section10 1978-09-12 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, SEPTEMBER 12, 1978 50CENTS10 words
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BRIEFLY...
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Article38 1978-09-12 1 THE FRENCH Minister for Foreign Affairs, Mr. Louis de Guiringaud, will arrive here tonight from Jakarta en route to Paris, He will be met by Singapore Minister for Foreign Affairs, Mr. S. Raj ar at nam.38 words
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Article98 1978-09-12 1 Reuter. TOKYO, Mon. Japan's real economic growth for fiscal 1978 will be only 4.7 per cent, despite the additional 2,500-bllllon yen (Ss3o billion) reflatlonary measures adopted by the government earlier this month, according to a forecast by Daiwa Securities Company. The official target Is 7 per cent. AnReuter. - 98 words
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Article44 1978-09-12 1 AFP. TOKYO, Mon. Government officials from Asean and Japan met here today to discuss how to achieve a faster and more effective transfer of Japanese technology to Asean countries. Industries to be given special attention will be automotive parts, foundry and furniture.AFP. - 44 words
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Article74 1978-09-12 1 AN EIGHT-member Singapore textile mission left for New York yesterday for the seventh New York National Fashion and Boutique Show next week, which is expected to attract 800 exhibitors from 35 countries and more than 3,000 buyers. After the fair, the mission will visit Los Angeles and San74 words
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Article77 1978-09-12 1 Reuter. MUNICH, Mon. Confidence In Germany's manufacturing industry regarding short-term production plans appears to be at the highest for two years, according to the IFO Economic Research Institute. Capacity use in July, the month in which the survey was carried out, was 80.2 per cent (seasonally-adjusted), little changedReuter. - 77 words
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Article85 1978-09-12 1 Reuter. TOKYO, Mon. A senior official of the ExportImport Bank of Japan today said 200 billion yen (552.4 billion) would be an appropriate size for a resource development loan to China. Executive director Masao Fujloka said his bank Is now discussing the loan with Peking. He also saidReuter. - 85 words
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Article62 1978-09-12 1 UPT TOKYO, Mon. The US dollar today soared against the Japanese yen on the Tokyo foreign exchange market in an apparent reaction to reports that US wholesale prices last month dropped for the first time in two years. Trading was heavy. The dollar, opening at 193.30, ended theUPT - 62 words
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Article64 1978-09-12 1 UPI NEW YORK, Mon. Stocks headed sharply and broadly higher early today in active trading, sustaining a rally begun last week In the wake of some favourable inflation news. The Dow Jones Industrial average, a 14.03point winner on Friday, was ahead 5.98 points to 913.71 around 1500 GMT.UPI - 64 words
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Chief Price Changes
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Article131 1978-09-12 1 Rises OCBC 1110 +20 IC B 324 16 Perlis Plant 268 16 FAN 650 15 Strait* Trading 630 15 Austral Amal 610 10 M Banking 595 10 Magnum Corpn 420 10 Sime Darby 396 +8 Falls UOF J62 -28 MBS 316 -24 Nat Iron 650 -20 Harimau131 words
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Article, Illustration183 1978-09-12 1 Falls Benand Co 0 93 -16 Supreme Corp 2 62 -12 Sim Lim 1.60 -11 Pahang Con 2.43 -11 Haw Par 2.47 -11 Kemayan 2.20 -10 Genting 4.14 -10 Rahman Hy 5.95 -10 N. Iron 6 55 -10 Petaling 7.80 -10 Rises Harper GUf M Weaving 368183 words
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Article754 1978-09-12 1 ARTHUR NG - TENTATIVE PRICE OF $1.50 By ARTHUR NG THE OWNERS of Singapore's largest hotel Hyatt will be asking for public participation soon. Sources say the background work for the listing of Sealion Hotels which owns Hyatt has been completed and the proposal is now being754 words
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Article316 1978-09-12 1 MANUFACTURERS Hanover Trust Company's offshore branch in Singapore has arranged a Ms2s million term loan for a newly formed Malaysian steel mill. The 7Vi-year loan is also being managed and guaranteed by Man Trust. Funds for the loan are from the Kuala Lumpur office316 words
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620 1978-09-12 1 FONG MEW LENG - By FONG MEW LENG BICKER TON Cycle International Pty, a large Australian bicycle manufacturer, plans to invest In a Joint venture In Singapore to produce portable collapsible bicycles for export. The company Is the head licensee for the manufacture of the Blckerton portable bicycle,620 words
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Article163 1978-09-12 1 A SRI LANKAN agent Is In Singapore spying out the ■export market from advanced electronics to bicycles. He is Mr. M.S. Lingam, managing director of Atlas Agency, an import firm and distributor in Colombo. He has set up a temporary "shop" in his hotel in bustling Victoria Street163 words
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Article68 1978-09-12 1 A GROUP of three Japanese companies has signed a six-billion yen (5972 million) contract to construct and lay a 1,000-km undersea communications cable link between Singapore and Jakarta, Nippon Electric Company said in Tokyo yesterday. The three firms are Japan Ocean Cable Company, Fujitsu Limited and Nippon.68 words
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Article, Illustration205 1978-09-12 1 MR. LEE Ek Tieng, 45 (above), permanent secretary in the Ministry of the Environment, has been appointed chairman of the Public Utilities Board. He took over yesterday from Mr. Lim Kim San, Minister for National Development, who had been chairman since205 words
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427 1978-09-12 1 PETER CHIA - ■y PETER CHIA APPLICANTS for new share Issues are acting Irresponsibly If they apply for more shares than they can afford, said Mr. Howard Da vies, managing director of United Chase Merchant Bankers, yesterday. Mr. Davles was commenting on a complaint from a member427 words
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Article121 1978-09-12 1 NEPTUNE Orient Lines of Singapore has ordered another three containerships from I HI of Japan. The three ships, each of 1,600-TEU (twenty-foot containers equivalent) capacity and with a service speed of 23 knots are In addition to two similar ships ordered last month. These five ships will121 words
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Page 1 Advertisements
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Advertisement129 1978-09-12 1 Look! il MIJL-f)® aiKMUTE World's first with TWO sensors. Ingenious. Instantly twice as safe (both sensors have to be touched by the hand nothing else will do) yet so light to the touch the sensors and Safety Lock need only the lightest touch ever. An absolute fine control that saves129 words
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Advertisement82 1978-09-12 1 SHIPPING TIMES VOLLMER expands Us opera- NEW YORK comex fives Chitions here 2 cafo a ran for its money I JAPAN overtakes Singapore in FORUM: Make mew with the Malaysia 2 old 7 MERGERS a damper on an ISLAND 6 Peninsular chief economy? 3 sounds cautionary note 11 GERMAN bank82 words
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Advertisement140 1978-09-12 1 M PUUN PAPER COPYING ■""*.**-i-'.iTTrr Singapore Tel: *****4 (2 Lines) Jl k yr. «r -j. -vi < ?'X m r «ir KLM-ROYAL DUTCH AIRLINES Freight Handling Department 5, CIAS Cargo Terrhinal, Paya Lebar Airport- Tel: *****3,*****3. *****1 extsl3 Freight Sales Department Mixed Tenants Cargo Complex, Mezzanine Floor. Paya Lebar Airport.140 words
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TRADE AND INDUSTRY
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Article377 1978-09-12 2 TRADE unions In Singapore have undergone a dramatic change in tandem with the growing presence of women in the movement. The challenge facing them today is to Include the worker and his family in union activities. Unions are no longer just collective bargaining bodies.377 words
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Article, Illustration185 1978-09-12 2 TWO SENIOR executives of the Akai Electric Company of Japan visited Singapore recently as part of their extensive tour of Asean to study the hi-fi and audio equipment market in this region. While in Singapore, they met their sole agents for Singapore, Malaysia and185 words
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Article, Illustration181 1978-09-12 2 AFP. A MAJOR exhibition of Malaysian timber and wood-baaed product* at the Tokyo World Trade Centre will be the highlight of the "Malaysian timber week" opening in Tokyo today. A 25-member trade mi—ion comprising seven loaders of the Malaysian timber industry and 18 businessmen, will visit JapanAFP. - 181 words
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Article163 1978-09-12 2 THE UNITED States, Taiwan's major trading partner bought Taiwanese goods worth US$3.25 billion (SS7.48 billion), an Increase of $986.2 million or 43.4 per cent from a year ago. This generated a surplus of $1.73 billion in Taiwan's favour. American exports to Taiwan were worth $1.52.163 words
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Article154 1978-09-12 2 THE IMPORTS and Exports Office has reminded traders here that with the liberalisation of exchange controls on June 1 this year, certain requirements relating to exports no longer aj>ply. Completion of information in outward declaration A and B under the exchange control laws is no longer necessary.154 words
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Article274 1978-09-12 2 AFP. HONGKONG'S rapidly growing fur industry has been boosted by the recent establishment of two dressing and dyeing plants. One is Rofur Dressing and Dyeing Fur factory. The other is Marco Ling Fur Processing, a venture between Hongkong Fur Dressing factory and Marco Fur Asia, theAFP. - 274 words
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Article, Illustration255 1978-09-12 2 OVERSEAS Union Bank will be able to meet the new demands on the banking industry and continue to provide one of the best banking services in Singapore, according to Mr. Lien Ying Chow (above) the chairman and managing director. At the closing ceremony255 words
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391 1978-09-12 2 VOLLMER Singapore, a Joint venture of Vollmer Werke and the German Development Company, is embarking on an expansion programme which will sink $1.1 million into its Jurong factory. It will be a three-year programme with most of the plans expected to be realised In 1979. Reported391 words
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Article210 1978-09-12 2 A GROUP OF leading British manufacturers of building materials and equipment are currently In Singapore on a fact-find-ing mission. Their tour encompasses Hongkong and Jakarta as well for the group is looking Into the possibilities of forming Joint ventures and establishing agencies for British building210 words
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Article, Illustration532 1978-09-12 2 JAPAN overtook Singapore to become the biggest investor in Malaysian pioneer industries last year. It also showed the largest increase In pioneer industries Investments last year compared with 1976. These developments have been highlighted In a summary on foreign investment In pioneer industries532 words
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Article97 1978-09-12 2 THE Port of Singapore Authority will conduct a three-week course on ship's rigging and containerised cargo handling from Oct 9 to 27. The rigging course is to familiarise supervisors, traffic officers and safety officers with heavy lifting equipment used on ships. Supervisors and operations officers97 words
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Article74 1978-09-12 2 A 12-lecture course on "Skills and strategies for effective management" will be held by the department of extramural studies. University of Singapore, from this Monday. The course Is for middle managers and supervisors who want to improve staff relations In their companies and understand basic human74 words
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Article213 1978-09-12 2 Reuter. PENINSULAR Malaysia's crude palm oil output fell slightly to 117,681 tonnes in June from a revised 118,304 tonnes in May but was above the 108,415 (revised) tonnes In June 1977, preliminary Statistic Department figures show. Production for first-half 1978 totalled 611,238 tonnes, lower compared with 745,841Reuter. - 213 words
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Article368 1978-09-12 2 COURSES AND TALKS Sept 1-Oct 6: A practical approach to computerised mgt Information system (MIS), SIM, SIM Sept 2-16: The effective secretary, SIM, SIM Sept 5-21: Compensation and fringe benefits, Holiday Inn, P.O.D. Sept 11 12: Reinsurance (Treaty) Accounting Workshop I, Shangri La, SITC Sept 11 15: Introduction368 words
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Page 2 Advertisements
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Advertisement62 1978-09-12 2 Coffee,tea n Tea-time. Lunchtime. After-the- show time. Merlin Coffee House offers the most tempting menu in town. With sweet ladies in attendance. And a most pleasant atmosphere you'll like to return to. FEATURING Daily Set Lunches $4.50 per person Local Specialities Spicy Nasi Padang Have you tried our LONTONG, MEE-SIAM,62 words
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Page 2 Miscellaneous
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Miscellaneous586 1978-09-12 2 CRYPTIC PUZZLE ACROSS 1 Material seen In court (4) 4 Escort for a conquistador (0) 8 Information to spUl (3) 10 Declare Vera's wrong (4) 13 Character of Stockholm Sofia, etc. (8) 14 I ramble with her (7) 15 Rarely produces new models <«> 17 Mural decoration (9) 21 Some586 words
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OVERSEAS
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614 1978-09-12 3 MR. ALAN Lerner of Bankers Trust Company reports on the US money market: THE OPTIMISM which developed in the U8 fixedIncome markets recently was reinforced last week as the monetary aggregates and the producer price Index both posted declines. But a rallying bond market614 words
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338 1978-09-12 3 AFP. AUSTRALIA'S aboriginal communities will start vital meetings today to determine Just how far their opposition to uranium mining in- the Nortßfern Territory will go. At stake Immediately Is whether the Ranger project will start before the wet sdaopn is due to break atAFP. - 338 words
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Article, Illustration556 1978-09-12 3 AUSTRALIAN scientists hiT*. developed what they believe is new, safe process for the disposal of radioactive wastes. It involves a synthetic rock, compoeed of a mixture of synthetic minerals, locking the radioactive wastes into the crystal structure ot these minerals and then burying the rock 3 km556 words
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609 1978-09-12 3 Washington Star. THE US Senate will spread tax relief more broadly than will the House of Representatives, Senate sources predict. The Senate finance committee Is now drafting the relief bill and sources said the House version will "be revised to give bigger taxWashington Star. - 609 words
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WORLD IN BRIEF
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Article489 1978-09-12 3 Agencies. PRIME Minister lan Smith, saying Rhodesians are facing the greatest crisis of their lives, announced a form of martial law to strengthen the nation's war effort. He said general mobilisation was being considered but that it would not be introduced yet. In a nationwide broadcastAgencies. - 489 words
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Article471 1978-09-12 3 Reuter. HAS THE "Green Revolution" failed? Starting In the 1950s and early 1960s with new strains of wheat and rice, food scientists hoped to produce a dramatic Increase in the world's farm output and feed the hungry millions. But despite all their efforts, millions of peopleReuter. - 471 words
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153 1978-09-12 3 UPI. THE Pakistan government announced on Sunday a 50 per cent reduction In Import duty on capital goods brought to Pakistan by Pakistanis working abroad. The announcement was made by Commerce Minister Zahld Sarfraz. He explained the incentiveoriented scheme" ta provide for transfer ofUPI. - 153 words
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864 1978-09-12 3 SOME U8 Federal officials and academics are worried that the currant wave of corporate mergers poses a danger to the nation's economy by discouraging investment In new plant and equipment as well as reducing the overall level of competition. However, they agree almost unanimously,864 words
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341 1978-09-12 3 Reuter .THE- LONDON -futures market dealing In wheat, barley and soyabean meal are planning to establish trading In exchange hedges against actuals (AA) this year? a spokesman Tor the markets said- The markets", run by the Oraln and Feed Trade Association, (Gafta), hope toReuter - 341 words
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Page 3 Advertisements
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Advertisement173 1978-09-12 3 AUSTRALIA and SOUTH WEST PACIFIC PAPUA NEW GUINEA FIJI m NEW ZEALAND At Bank of New South Wales we really know this area...we should... we've been here for 160 years and are the largest commercial, finance, investment and banking complex in the region. So if you need advice, guidance or173 words
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RAW MATERIALS
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Article352 1978-09-12 4 THE Singapore market closed yesterday higher with October One RSS buyer quoted at 246.50 cents/ kilo, up 1.25 cents on last Friday's close, dealers said. Prices eased some 0.75 cents during afternoon trading on lack of China's acceptances, they added. The morning session closed higher with352 words
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Article31 1978-09-12 4 Rubber: Sept 11 Singapore: Oct 246.50 cents (up 1.25 cents) Malaysia: Oct 251.50 cents (up 1.50 cents) Tin: Ml 1,865 (up 114) Official offering: 200 tonnes up 5 tonnes)31 words
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Article49 1978-09-12 4 LEAD finished yesterday morning up £9 for cash and £8.5 for Three Months. The market found support from trade buying, stoploss and chart operations which took Three Months upto £335 per tonne on the kerb. Some of the buying anticipated a possible US producer price Increase, dealers said.49 words
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Article41 1978-09-12 4 ZINC was up mostly £2.25 per tonne. This metal was very quiet with values showing moderate gains In sympathy with the trends In copper and lead. Three Months traded at £327 initially but softened in the ring under light profit-ta-king.41 words
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Article315 1978-09-12 4 R.A.S. prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.8.S. prompt f.o.b. 245.00 246.00N 244.00 245.OON Int. 1 R.S.S. Oct 247 25 247.75 246.50 247.00 Int. 1 R.S.S. Nov 249.25 249.75 248.75 249 00 Int. 2R S.S 237.00315 words
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Article104 1978-09-12 4 NOON SSR and SMR prices yesterday: October November RAS (Current Mth) (Foi -ward Mth) Buven Seller* Buyer* seller* (ceati per k«) (C« nta per kg) SSR 20 (1-ton pallet) 219 50 221 50N 220.50 222.50N SSR 50 (1-ton pallet) 217.50 219.50N 218.50 220.SON MRELB: SMR 5 CV104 words
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Article281 1978-09-12 4 THE usual Monday dull and routine trading prevailed In most sectors of the Singapore produce market yesterday. Inquiries from abroad were scarce and were mainly tentative In nature. The volume of business transacted was negligible. In line with the closing steadiness over the weekened, however, prices of most281 words
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Article176 1978-09-12 4 SUGAR futures in London yesterday opened £1.25 to £0.65 per tonne upon Friday afternoon closing levels. Turnover totalled 717 lots. Trade'house buying pushed the market higher with the October position moving up to £107. However best levels were not held and at the end of the call, October was176 words
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Article138 1978-09-12 4 ROBUSTA futures yesterday ended the opening call steady £10 to £22 per tonne down from Friday in sales of 232 lots. Dealers said there were no fresh factors and in quiet well-matched early dealings, the market declined as expected baaed on Friday's New York close. Arablca futures opened dull,138 words
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Article207 1978-09-12 4 THE sugar market closed 0.19 to 0.28 US cents higher In fairly active trading yesterday with 29 lots traded against 12 previously, dealers said. Activity was confined to nearby October and March deliveries, while January and May were untraded. The Hongkong dally spot sugar price rose 0.25 to207 words
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Article110 1978-09-12 4 COCOA futures moved higher on good trade house and chartist buying and at end-call, the first four positions were all trading above £2,000 yesterday in London. Dealers said the move was basically a follow-through to the overall bullish tone of the market based on chart and fundamental factors. Easier110 words
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Article208 1978-09-12 4 THE kllobar In Singapore yesterday opened at 8115,000 per kg and doted at the lowest or $14,006. The highest price remained at the opening. The market was quiet. Spot gold for London delivery opened at U*****.40/.00 per troy ounce and closed at U*****.70/ 206.10 per troy ounce. Prices were208 words
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Article194 1978-09-12 4 THE Straits tin price In Penang rose Msl4 per plcul to $1,865 yesterday. Follow-through general buying demand, together with the lower supplies of tin over the week-end, led to the rise with rationing continued. Bids were alloted 20 per cent by smelters and sources noted delivery periods further194 words
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Article207 1978-09-12 4 THE Hongkong market closed yesterday unchanged at HK5261.00 selling per 10 ounces from Its Saturday close In continued quiet featureless trading, dealers said. No trades were recorded, as on Saturday, while fixing was steady at <261.00. Sliver showed gains of 1.6 pence all round in London yesterday. Values were207 words
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Article89 1978-09-12 4 COPPER wlrebars yesterday finished the morning with gains of £2.5 for cash and £4.5 for Three Months In London. The market was maintained on covering and some trade buying Brompted by the trend at ew York, the 6,625 tonnes stocks decline and the background of labour unrest In Chile89 words
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1024 1978-09-12 4 FT ONE of the City of London's Institutions, the London Metal Exchange, Is braving considerable criticism to broaden the scope of Its activities and include the trading of aluminium. Certainly the step is a logical one for the LME because aluminium, with anFT - 1,024 words
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1208 1978-09-12 4 AFP THERE were further advances on the commodity markets last week with prices rising to their best levels for several months In aoixi6 cases. On the whole the mood has remained cautiously optimistic with outside consumer interest being maintained at a modestAFP - 1,208 words
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MONEY AND EXCHANGE$
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Article459 1978-09-12 4 THE US dollar yesterday weakened against the major currencies on the foreign exchange market. Against the yen, the US currency opened at 192.95/10 and by lunchtlme was traded marginally lower to 192.90/00. London saw the dollar opening at this level but afternoon trading got It lower to 192.55/75.459 words
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Article159 1978-09-12 4 Asian rates .ASIAN currency deposit Interbank rates as at ctoae on Sept 11: U8 Dollar <8p«> Offer Bid !7<l*y» 8 5/8 8* lmth 9% 9* 2 mths 8% t\ 3 mths 815/18 813/18 8 mtlu t% 9% 8 mths 8* 9 st 12 mths 85/18 83/18 8w. hi. Das. (Middle159 words
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Article20 1978-09-12 4 THE average rate at' which Singapore banks are currently prepared to lead to their heel customers 7.25 per cent.20 words
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Article44 1978-09-12 4 range of price i offered by discount house* oil Sept 11: Overnight Cell deposit 3S% Chek 3-Month B«rtx Treasury Hilt 3 t/16 s 7/1 e 3-Month Bank Mils Vt 1/4 3-Month CD 3/4 VI •-Month CD 7/> 3/4 Source: National Discount Co Ltd.44 words
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Article193 1978-09-12 4 THE dollar moved up against leading currencies in opening trading yesterday, continuing Friday's late trend and also helped by US Senate majority leader Robert Byrd's remark he Is confident Congress will soon pass the Bill to remove natural gas price controls, dealers said. Initial trading was fairly brisk but193 words
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Article371 1978-09-12 4 THE US dollar closed slightly firmer In thin trading although below the day's highest levels yesterday, dealers said. The US unit advanced from levels in the US on Frlday with sentiment strengthened by US Senate majority .leader Robert Byrd's comments he expects the Gas Deregulation Bill to be passed371 words
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Article56 1978-09-12 4 AUBTRALIA/NZ wrhunw quota* on Monday US dlr 1.1484/1.14 M Sterling 0 9867/0 MM Ninety-day air mall buying r*t**: Sterling O.tlM US dlr* 1 1830 Ninety-day forward tniyln* rata*: Sterling O MI) US dlr* 1.140 NEW ZEALAND: Sterllnf 0 5444/0 Ml 4 US dlr I.OUB/1.04M Ninety-day airmail buying rata*: Sterling56 words
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Article158 1978-09-12 4 Euro rates LONDON Eurodollar deposit rates yesterday had a slightly firmer tendency In quiet early trading, following Indications the Fed may be further tightening US monetary policy and the possibility of increases In US prime rates, dealers said. Period rates were 1/16 higher where changed, with One Month adjusted higher158 words
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Page 4 Advertisements
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Advertisement60 1978-09-12 4 m -r > mt EBta BB J. «fe r- v, •-•-r wfe m= w *fP=, fife- _rg.•:= __%|f_. 3^ ■A' f 5p i' i-S jS% ife fit '3§ TO, p& mSmEk Sy&Mf' 4S& sft i-.iw* m w :".rt; F i s«a^ Hotel Premier Happy Hours: 4pm —7 pm. Nassim Hill60 words
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TRANSPORT
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Article, Illustration498 1978-09-12 5 RAHIM KASSIM - ■y RAHIM KASSIM SINGAPORE'S growing importance in international ■hipping baa prompted the chairman or a leading West German bank to come here to ■tody the financial needs of local ahipThe importance of the Far Eut u a maritime centre haa been ignored for far too long and498 words
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Article235 1978-09-12 5 UPI DOCK WORKERS throughout Australia went on strike yesterday In a dispute Involving unions In Melbourne, the country's second largest city. The strike was called for 48 hours but about 9,500 waterfront workers will meet again tomorrow to decide whether to continue It If their demandsUPI - 235 words
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Article139 1978-09-12 5 Reuter THE Japan Leasing Corp' has reached a basic agreement to lease two EuroEan A-300 Airbuses to Thai ternatlonal for 10 years. A formal contract will be signed in mid-October to deliver the two passenger Jets worth about US$3O million (Ss69 million) each to theReuter - 139 words
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1110 1978-09-12 5 BETWEEN now and the end of the century the world's air transport Industry will have to buy some 6,400 new aeroplanes to replace the ageing, noisy and 011-thlrsty fleets of today. That business will be worth about US$l4O billion (Ss3ls billion), according to1,110 words
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Article737 1978-09-12 5 ARRIVALS Ccf vict Operator Numb«r CAL PAA MAS MAS SIA MAS MAS MAS CAL CPA OIA MAS SIA SIA OIA OIA PAL RBA OIA SIA SIA SIA MAS MAS SIA SIA OIA CPA CAL SIA OIA LUFT MAS SIA SIA MAS JAL TMA SIA MAS SIA SWR737 words
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355 1978-09-12 5 DUTCH trade union representatives said the shipbuilding policy committee failed to agree on recommendations to make to the government for reorgannlsatlon of the Asmterdam shipbuilding Industry on Friday. The committee, which groups representatives of the unions, employers and government, will meet again today to draft355 words
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Article49 1978-09-12 5 FIRE on Sunday earned major damage to the Singapore cargo vessel Hong Eng unloading copra at tbe Prince's Dock In Bombay. Port officials said Mat the fire engulfed the fourth and fifth holds containing copra, wooden materials and bauxite and damaged the ship's engine room.49 words
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191 1978-09-12 5 Reuter CONTINENTAL Airlines carried more passenger traffic In August than any other month In Its 43-year history it was announced by Mr. Charles Bucks, executive vice-president (marketing). Revenue passenger-miles totalled 000.821.000. an Increase of 21.1 per cent over the 751,273,060 flown In August lastReuter - 191 words
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Article, Illustration312 1978-09-12 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Akitsukl Maru (1730) B/5 Feng Y1 (1100 hauls 30m East after Sea Trader hauls) 6/7 Fernandoeverett (0000 after Alexsandr Serafimovlch) 35/36 Oallant (after Oolden Bear) 15/16 Oolden Bear (1830 after Sea Trader)ls/16 Oreen Arrow (0500 after Koyo Maru) 25/26 Horn (1500 after312 words
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Article92 1978-09-12 5 SHANGHAI port Is undergoing a transformation that by 1990 will see It highly mechanised and operated under streamlined management. The Hslnhua news agency said yesterday an expansion of Shanghai harbour facilities began in 1973 when there were only 39 deep water berths for oceangoing ships. Since then 1192 words
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Article270 1978-09-12 5 FOKKER-VFW recently received a number of Important orders for dellvery of Its Fokker F2B and F27 aircraft to African countries. Tanzania has ordered a F2B Mark 3000 Fellowship with extended range for official use. The aircraft will be delivered shortly. Meanwhile, the Ghanaian government hat taken delivery of270 words
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Page 5 Advertisements
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Advertisement245 1978-09-12 5 AH he needed was a financial leverage to expand. Do you? He approached his bankers but was unsuccessful due to prior heavy borrowings and the relatively small networth of his assets In short, his was NOT a case of ordinary' financing through traditional' arrangements A paper products manufacturer had to245 words
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Article510 1978-09-12 6 THE Introduction of margin trading by the Stock Exchange of Singapore reflects its confidence in its ability to control the activities of its members. This is both healthy and necessary if the second fiveyear plan of the exchange is to get off the ground. Many510 words
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Article499 1978-09-12 6 MARIANNA OHE - Jurong's fish market Is nothing like this one in Tokyo where the whirr of the computer, MARIANNA OHE writes, is the only sound that is heard. MARIANNA OHE UPI THE crftM rfMi Irrokyo'i oldoet fishmarkets. Shopper* in aetraw basket hanging ever Us atall and wUtowUPI - 499 words
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Article, Illustration1254 1978-09-12 6 COLLEEN SULLIVAN - While Singapore is still contemplating the formation of its first commodity exchange, the US opens another in New York today, primed to give stiff competition to Chicago's. COLLEEN SULLIVAN reports. ACE will use a multi-million dollar computer system COLLEEN SULLIVAN NYT. WHEN the opening bellNYT. - 1,254 words
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Page 6 Advertisements
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Advertisement246 1978-09-12 6 w k Mr m m 0* a DfiLVflniUS a Tttfffiscirifffloris lUS THt FAS' INATIUNb 1 .7 I Just don't miss them at th« ton Bar white they pulsate their audience with their rhythmic sways of their bellies to the gentleness of their voices. Also on stage to a non-stop musical246 words
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Advertisement19 1978-09-12 6 EXECUTIVE CHEF: LEO WALD MEIER. MAITRE D'HOTEL* WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 253619 words
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Page 6 Miscellaneous
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Miscellaneous60 1978-09-12 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers. Report for 24 hours prior to 7.30 pm on Sept. ll at the airport: Maximum Temperature 20.5° C Associated Humidity 78 Minimum Temperature 23.8° C Associated Humidity JO Hours of Sunshine 0*75 Rainfall in Millimetres 0.8 Total Rainfall for60 words
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Miscellaneous166 1978-09-12 6 S3 SINGAPORE 5 i followed Scientific lion 1) Visit to a starring my Sekka 5 followed Forest Ruffled Grouse The Phil Silvers Show Hollywood Romance (Repeat) News in Malay Pusparama (Malay) Sports Magazine War and Peace (PL 9) Leave of Absence News and Newsreel in Eng Quincy, M.E. Last of166 words
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Article, Illustration1303 1978-09-12 7 ALVER CARLSON - CARTER'S ENERGY BILL ■y ALVER CARLSON FEW major pieces of US legislation have gone through the ordeal that President Carter's energy package has suffered, and It is clear that the agony Is far from over. The alliance between congressmen who represent the position of the1,303 words
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Article, Illustration374 1978-09-12 7 "ALL expectant mothers, please bear this In mind: before you check into any of the local hospitals, make sure they give you a $25 'dollar discount. That, apparently, Is the price one of the local hospitals receives for each placenta that it sells to cosmetic companies.374 words
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Article884 1978-09-12 7 TERESA LIM - (FOBOM, ...on urban planning •t TERESA LIM WHY can't, a colleague asked recently, Singapore develop mews? Why not Indeed. These exclusive town apartments, which can be found In London and most parts of Europe, are often converted from pre-war buildings. There are places In Orchard Road, Stamford884 words
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Page 7 Advertisements
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Advertisement276 1978-09-12 7 f- [I CI i <0i X' CV HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 HOTEL EQUATORIAL 429 Bukil Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts *Rokd, Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL 22 Orchard/Cavenagh276 words
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Advertisement66 1978-09-12 7 ORCHID INN 214 Dunearn Road, Singapore II Tel: *****2 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads. Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAKELES HOTEL 1-3 Beach Road. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 Fd: *****4 SINGAPURA KORUM HOTEL 585. Orchard66 words
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Page 7 Miscellaneous
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Miscellaneous69 1978-09-12 7 BribtcW: PI i.-kem: HOLW PWCHEfI&L, ftRISTOU -H&fec'S NOufc «ePW fßom GUM ii w%S —PwbTHefVt Gcrr >iou tw«s Tine.... "fWis i£Trei. vs ußiTien *J m»+l\ OR. Vtv> wo JUOSC. o-Ke ROWTOONeS. IT \S Su>PW»U.... StRS D*m6D YI uunrx) u>€. uooto pO/iSfc iou thpct these nems qc£n DesPßTcwea ia*s I ec.eic.. sometoes69 words
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INTERNATIONAL STOCKS MARKETS
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Article500 1978-09-12 8 TOKYO Source: DBS-Daiwa. THE market was relatively firm yesterday, reflecting last week's bullish mood. Turnover was light and estimated at 200 million shares. In the morning session, medium-sized chemical, steel and textile Issues opened higher on heavy trading owing to buying by Individual Investors. Stocks of theSource: DBS-Daiwa. - 500 words
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Article372 1978-09-12 8 Source: SHK Sec THE market yesterday reacted unfavourably to the financial secretary's fairly neutral economic speech and sellers of blue chips caused prices to retreat sharply at the opening. Jardlne was among the hardest hit, falling 90 cents to HK$l9,lO after last week's gains, while HK Land lost 00Source: SHK Sec - 372 words
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Article217 1978-09-12 8 Sept II Baht Bangkok Bank 308 ♦2 Bank of Ayudhaya Ltd 274 +2 Thai Danu unq Thai Farmers Bank 354 -16 Thai Commercial Bank 680 +a Bangkok Metropolitan Bank unq Industrial Finance Corp 2.499 General Finance 300 -2 Bangkok Investment 312 unch First Trust 290 >4 Raja Finance 1.030217 words
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Article30 1978-09-12 8 H.K. HANG SENG Monday 080.91 Friday 697.25 Week Ago .681.54 SYDNEY INDUSTRIALS Monday 485.52 Friday 465.73 Week Ago 442.82 ALL ORDINARIES Monday 552.10 Friday 554.94 Week Ago 522.6730 words
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Article, Illustration1486 1978-09-12 8 NYT IN RECENT years, the Lockheed Corp has endured more than Its share of troubles including near bankruptcy and a scandal over multl million dollar business bribery abroad but close to home, It Is making a go of a path breaking project that many skepticsNYT - 1,486 words
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971 1978-09-12 8 NYT OAMBLE-SKOGMO Inc. has confirmed that it has purchased 560,000 shares, or 12 per cent, of the outstanding common stock of Garflnckel Brooks Brothers Miller Rhoads Inc. -.i The announcement raised the hackles of Garflnckel executives but did not appear to be the opening salvo ofNYT - 971 words
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Article164 1978-09-12 8 BON DS& LOANS AFP BURMA'S state-owned oil concern, Myanma Oil Corp. has acquired a US$lO million loan from a banking group headed by Chase Manhattan, Asia Ltd. Agreement for the loan, taken to buy four onshore oil drilling rigs, was signed by Myanma's managing director Mr.AFP - 164 words
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Article106 1978-09-12 8 Reuter QUEBEC Province Is offering Cs6o million of Its medium term bonds due 1981 and 1983, consisting of a reopening of the province's BVi per cent bonds, due 1981 and a new Issue of 9 per cent bonds, due 1983. Dealers said the 1981 Issue hasReuter - 106 words
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Article76 1978-09-12 8 Reuter ELECTROBRAS, the Brazilian state electricity company, Is floating a 10 million Kuwait dinar 8% per cent guaranteed bond issue In the Kuwait market.' Money market sources said 'the bonds, solely managed by Kuwait International Investment Co, are for 12 years with a lender option to redeemReuter - 76 words
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Article85 1978-09-12 8 Reuter SUNDBVALLSBA NKEN of Sweden Is to issue US$2O million of floating rate Euronotes due 1985 at Vi per cegt above the London interbank offered rate for six-month Eurodollar de-'_ posits, lead manager Credit' Suisse First Boston Ltd an-*" 1 nounced. The Issue will be at par''Reuter - 85 words
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Article111 1978-09-12 8 Reuter. CHILE'S power utility" Empresa Naclonal De"" Electricidad Endesa will receive a US$9O million loan under an agreement signed with a foreign banking syndicate in Santiago yesterday. Economy Minister Mr. Pablo Baraona said this is the first time the Chilean state has not been required/h to guaranteeReuter. - 111 words
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Article71 1978-09-12 8 Reuter THE 50 million mark convertible bond for Aaahl Optical Co Ltd will have a"' conversion premium of~" around 10 per cent, lead manager Westdeutsche Landerbank Glrozentrale *>• said. Conversion is possible from Dec 1, 1978 at a price t of 588 yen per share and at aReuter - 71 words
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Article287 1978-09-12 8 Ttiß market vai generally easier yesterday, dealers said. Rundle Oil Shale partners Central Pacific and Southern Pa&lfic, however, firmed against the trend, respectively rtsinft 50 cents to AM.SO and 20 cents to A 2.50, while Queenslam Mines sained 13 cents to $3:98 and Kathleen Investments five cents to 13.00287 words
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Page 8 Advertisements
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Advertisement337 1978-09-12 8 How much do you see when you look at this etching? > fi Think about it for a moment, then road the paragraph below, adapted from THK WOULD OK UKMBUANDT. Uembrandt etched THE THREE TUEES during a time when he was preoccupied with light and swirling action. While the principal337 words
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INTERNATIONAL COMPANY NEWS
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Article346 1978-09-12 9 Reuter ITALY'S Fiat car manu- i facturlng company will Introduce a new small car In the United States early next year *as part of a programme to Improve world sales. The company's U8 subsidiary said the new car, a front-wheel drive subcompact, was launched inReuter - 346 words
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Article202 1978-09-12 9 Reuter. CADBURY Schweppes Ltd said Its attributable profit was cut to £4.3 million from £11.3 million in the 24 weeks to June 17 due to the cost of closure of Its Montreal factSry and concentrating prouctlon In Ontario. The cost of £7 million, appeared as anReuter. - 202 words
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Article178 1978-09-12 9 Reuter THE PLESSEY Co Ltd said it will cut the workforce of its audio equipment subsidiary Garrard Engineering to 580 from 1,830 as part of a rationalisation programme. Plessey will close the factory at Blunsden Swldon and concentrate output at its Newcastle street factory, also In Swindon. GarrardReuter - 178 words
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425 1978-09-12 9 EUROPEAN Reuter IMPERIAL Chemicals Industries Ltd (ICI) said its profitability continues to be limited by the effect of overcapacity on prices and by increasing costs. The company said after a depressed second half 1977 and little overall improvement in the volume of group salesReuter - 425 words
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408 1978-09-12 9 Reuter GUARDIAN Royal Exchange Assurance Co Ltd said British underwriting was profitable in the second quarter after the year's poor start caused by weather and the firemen's strike. In Canada, antl-infla-tion regulations still restrict profitability, while lower Australian profit reflected keen competition, it added.Reuter - 408 words
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Article103 1978-09-12 9 AFP. PARIS: The Clbie Company of France will deliver 200,000 tungsten headlights to Honda of Japan for use in cars intended for export to Europe. The French firm has already signed contracts with two other Japanese car firms, Mazda (185,000 headlights) and Toyota (90,000). Cible saidAFP. - 103 words
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Article181 1978-09-12 9 Reuter THE FORD Motor Company said It had tentatively raised prices on Its 1979 model cars between 4.7 per cent to 6 per cent a unit. The second largest car maker said no average Increase had been calculated because the pre-sell prices would beReuter - 181 words
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97 1978-09-12 9 AFP. REYNOLDS Metals has sold for about £45 million its 48 per cent Interest in British Aluminium. Reynolds said it Intended to use the capital to expand its production in North America and In order to meet a new demand for aluminium products. The BritishAFP. - 97 words
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Article53 1978-09-12 9 Reuter. CHEMICAL Bank said it opened an office in Vancouver, and now has three offices in Canada. The Vancouver facility will house a branch of Chemical New York Canada Ltd, a branch of Chemco Leasing Ltd, and a representative office of the bank. Chemco Leasing also has aReuter. - 53 words
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544 1978-09-12 9 N.AMERICAN d Reuter GENERAL Telephone and Electronics Corp (GTE) Is awaiting an Egyptian government decision on a telecommunications proposal, but an Important factor is financing for the project. GTE chairman Mr. Theodore Brophy said GTE. American Telephone and Telegraph Corp's Western Electric UnitReuter - 544 words
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Article502 1978-09-12 9 Reuter AMAX INC said Its board rejected an overture by its 20 per cent shareholder Standard Oil Co of California (Socal) to acquire, through merger, the remaining 80 per cent shareholding In Amax. Amax said It had not Invited the proposal and did not believe thatReuter - 502 words
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Article109 1978-09-12 9 Reuter REPRESENTATIVES of Halstead Industries Inc and striking workers at Its Zellenople copper tubing plant are scheduled to meet today with a federal mediator In an effort to end the 20-day walkout. Union and company officials said some 429 workenL. represented by United Steelworkers of America localReuter - 109 words
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Article35 1978-09-12 9 Reuter SOME 300 workers Phelps Dodge Corp's Fort Wayne, Indiana copper rod mill have ended their wildcat strike. The one-day walkout ended when the rod mill employees went back to work late Wednesday.Reuter - 35 words
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416 1978-09-12 9 r ASIAN Reuter DARWIN: The Australian Northern Land Council (NLC) has warned it may not sign the ranger uranium project agreement unless the Australian government withdraws its permission for Pancontinental Mining Ltd to build part of an access road to Its Sroposed mine siteReuter - 416 words
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Article79 1978-09-12 9 UPI TOKYO: Lotte Co, a major confectioner In Tokyo, said It plans to produce chewing gum In the United States next May for sales In the United States and Europe. The company said factory construction Is scheduled to begin in mid-Octo-ber at Battle Creek, Michigan.UPI - 79 words
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Article33 1978-09-12 9 Reuter HONOKONO: Unitex Ltd announced a consolidated net profit of HK$2O million ($17.75 million) for the year to June 30. The company earlier announced 80-ccnt final dividend and ona-for-four bonus issue. ReuterReuter - 33 words
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204 1978-09-12 9 Reuter CANBERRA: The Australian treasurer Mr. John Howard said he had turned down an application by Brooke Bond Lleblg Ltd to make an agreed takeover of tea and coffee processor, Bushells Investments Ltd. Mr. Howard said the acquisition would be contrary toReuter - 204 words
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224 1978-09-12 9 AP THE HONGKONG and Shanghai Banking Corp may be ready to exceed its own. announced price limit on common stock of Marine Midland Bank Inc in order to buy a controlling interest in the Buffalo-hosed firm. In April, when preliminary detailsAP - 224 words
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Article47 1978-09-12 9 Reuter. HONOKONO: Jardine Matheson and Co Ltd said it completed the reorganisation of its British insurance broking interests. Under the scheme, its Jardine Matheson Insu? ranee Brokers Ltd subsidiary will become the principal trading company for a group of Insurance and reinsurance broking subsidiaries:— Reuter.Reuter. - 47 words
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451 1978-09-12 9 Reuter. TOKYO: Nissan Motor Co Ltd sakl It expects Its aftertax profit for the first halfyear ending Sept 30 to fall to between 34 and 35 billion yen from 38.21 billion In the preceding six months due to the sharp yen appreciation. Profit before-taxReuter. - 451 words
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Article174 1978-09-12 9 Reuter TOKYO: Maruzen Oil Co Ltd said It has reached an agreement with Union OU Co of California to buy all Maruzen oil shares owned by Union OU In compliance with a request by Union Oil. Union Oil is the second biggest shareholder of MaruzenReuter - 174 words
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Page 9 Advertisements
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Advertisement11 1978-09-12 9 =ANDREA= NEWMAN in Penguins mm S3 mm m m mm mm.11 words
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DEALS DONE ON THE SES AND KLSE
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Article1549 1978-09-12 10 BID and offer price* officially DM mod bustnea in and reported to (Im Stock Exchange of Singapore yeaUrday with the number of ihare* traded ihown in bracket* in lota of 1,000 unit* unleaa otherwtae specified. All TUne'BetUement Contract* are quoted after the word "*ett." Bit Board deal (In1,549 words
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Article267 1978-09-12 10 4 1/2% 1/8/89 (250,000) (99.968 99.698) 4 3/4* 18/9/89 250,000) (100.008 100.108) 8 3/4% T P IWBI-64 250,000) (102.306) 7 1/4* 18/4/86 250.000) (100.75B) 7 1/4* 18/19/86 290,000) (100.79B) 7 1/4* 1/8/87 (290,000) (100 70B) 8 V 4* T P 18/7/87 (290,000) (101.968) 6 1/2* T P l*WB7267 words
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Article2547 1978-09-12 10 1978 High Low Company Last Safe +orGr'a DW Dhr Crr Gr'a Yia JS Vol COOO) 1 Day High Low X* SECTION ONE r» to *r INDUSTRIALS 272 Q 238 178 219 111 "*"276 Z—l 326 -245 ,.660 132 123* 112 133 195* 60* 162 173* 140* 2562,547 words
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Article146 1978-09-12 10 SINGAPORE UNIT TRUST INCOME BOND UNIT lllmKi 1 prisa tar tat IX) INCOME BOND 10# l.M The Commerce 2 S3 2 88 The 8a vine Fund 1 M l.as MARA BUMIFUTRA FUND S'pore Prof Fund IS 1 29 (Mwipn' prists tar ta« 121 S'pore Security Fund S.M 2.27146 words
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Article1857 1978-09-12 10 BID and offer prices officially listed and bualnesa 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. industrial* AiMMult (2 048) Alaam (2.M8) (3) 2.49. Alt* Maid (1.228) XO.1,857 words
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Article, Illustration676 1978-09-12 10 SENTIMENT sobered down considerably and prices tsndsd lower en most fronts en the Stock Exchange of Singapore j sotsrday husw■seat that margin trading will be introduced all settlement deals, beginning en Sept 18 on the big board and on Oct 2 on the ordinary board.676 words
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713 1978-09-12 10 PRICES staged a broad retreat on the Kuala Lumpur stock market yesterday to close on an easier note. Trading was active but erratic. The selling felt most in the afternoon session, took the New Straits Times industrial index 1.06 points lower to 455.18. The713 words
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COMPANY NEWS
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Article, Illustration845 1978-09-12 11 JIMI NGOH - By JIMI NGOH THE performance of Island and Peninsular Development's property and development division for the current year is expected to be maintained at last year's high level with the property market in Malaysia likely to continue to lm?rove, chairman Datuk eap Hock Hoe845 words
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143 1978-09-12 11 SENTOSA Plywood Bhd has called for an extraordinary general meeting of its shareholders for the purpose of considering the sale by the company of 1.9 million ordinary shares of 25p each fttlly paid in the capital of The Pahang Consolidated Company for $2,850,000.143 words
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LATEST RESULTS
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Article100 1978-09-12 11 has Informed the Kuala Lumpur Stock Exchange of several changes In the holdings of its foreign shareholders. Turner and Newall Ltd has sold Its holding of $5.4 million shares in UAC to James Hardie Asbestos Ltd of Australia (4.42 million shares), Campagnie Financier Eternit of Belgium (785,780100 words
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Article127 1978-09-12 11 Unaudited group after-tax profit before extraordinary items 5510.60 million ($8.16 million), six months ended June 30. Turnover $471 million ($431 million). Parent company aftertax profit $9.54 million ($7.38 million). Turnover $469 million ($428 million). Interim dividend 10 cents gross on enlarged capital following one-for-three bonus issue127 words
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40 1978-09-12 11 Group pre-tax profit of M 5738,000 (loss $241,000) for the half-year ended June 30, 1978. Sales: $27.66 million ($21.64 million). Parent company pre-tax profit: $302,000 ($459,000) on sales of $11 million ($7.96 million).40 words
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Article24 1978-09-12 11 Unaudited group pre- tax profit M 5444,165 ($199,181), six months ended June 30. Parent company pre-tax loss $4,632 (loss $16,926).24 words
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Article320 1978-09-12 11 11 Ex Dele Book* clOM Date pejreMe Total fer tktjwtr Total far preview) (JOB AleiHMga B«u PuarPM MPnp Mi«kiua*M(i Uwleafe Parli* Plant M'wata MDrtin JC-MPH bckKMMth Harper GUf NMN IatWoe* Paalifc t euSSU ocbc~ A-a» HuaM Guthrie Prima WIH In n ii UAC S.TtMUac DiwbrU Pw>M Bit Temeriofc320 words
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Article148 1978-09-12 11 i—May VMMM b DM* Beafca C CMEutNiUh Bonus Luue of 1 for 4 Aug 30 Sept 12 Bonus Issue of 1 for 2 Sept l Sept 11 MToUeei Bonus Issue of 1 for 1 Sept 6 Sept 10 Cirlitui Bonus Issue of If or 4 Oct 16 Oct148 words
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110 1978-09-12 11 TRACTORS Malaysia Bhd. replying to queries from the Kuala Lumpur Stock Exchange, said the further acquisition of shares In Kewangan Kelengkapan Pertama (KKP) will marginally Increase the net asset backing of the company by slightly more than one cent per share for the110 words
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Article85 1978-09-12 11 HONG Leong Finance Informed the Stock Exchange of Singapore that the acquisition of 2,838,000 shares of $1.00 each In Singapore Finance was carried out over a period of time. On Aug 28, 740,000 shares were acquired and on Aug 29 2,098,000. The Stock Exchange has further85 words
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Article50 1978-09-12 11 THE Singapore Traction Company has Informed the Stock Exchange of Singapore that a recommendation will be made to shareholders to wind up the company voluntarily. An Extraordinary General Meeting of the company will be convened at the registered office on Sept 27, 1978 to this effect.50 words
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Article, Illustration580 1978-09-12 11 ARTHUR NG - ■y ARTHUR NG CONTINUING strong growth of the finance subsidiaries of Pan Malayan Holdings has helped boost its earnings for the first half of the current year ending Dec 31, 1978. Interim group pre-tax profit totalled SI .28 million, up 31 per cent580 words
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Article, Illustration696 1978-09-12 11 MANO SABNANI - •y MANO SABNANI AS widely anticipated, Guthrie Berhad staged an Impressive turnaround In the first six months of the current year with pre-tax profit of nearly $2 million against a loss of $1.80 million last time. Most of the group's subsidiary and associate companies696 words
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Article269 1978-09-12 11 ALEXANDRA Holdings Ltd: AGM to be held at 15th Floor, Rooms 1511/ 1512, Shing Kwan House, 4, Shenton Way, Singapore on Sept. 15. Great Eastern Life Assurance Company Ltd: EOGM to be held at 18th Floor, OCBC Centre, Chulla Street, Singapore, at noon Sept. 15. Jack Chia-MPH Ltd:269 words
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Page 11 Advertisements
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Advertisement145 1978-09-12 11 NOW in FONTAN Paperback tgjjf&P s i v HIS MAGNIFICENT BESTSELLER OFAGREAT HONG KDNG FAMILY ROBERT ELEGANT 4 i "Power and poignancy descriptive brillance." CHICAGO TRIBU THE SEKLOONGS are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong has built a vast trading empire, renowned throughout the east.145 words
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950 1978-09-12 12 Reuter. NYT HOLLAND'S alternate director to the International Monetary Fund, Tern de Vrles, said the Cuter Administration mismanaged the dollar crisis and there could be a possible' retreat into regional blocs. Mr. de Vrles, writing In the latest edition of foreign poHcy, said "theReuter.; NYT - 950 words
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Article205 1978-09-12 12 AFP WEST Asian oil output in the first quarter of this year was 7.6 per cent down on a vear earlier at 20.2 million barrels a day, the Middle East Economic Survey (MEES) said in Nicosia yesterday. Saudi Arabian output was 17.2 per cent downAFP - 205 words
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Article57 1978-09-12 12 THE GROWTH rates of both Hongkong exports and re-exports picked up during the first half of this year but domestic demand is still growing more rapidly than exports. Government reports In a half-yearly economic review released yesterday indicate that the improvement in export performance is likely to continue57 words
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Article, Illustration312 1978-09-12 12 AP THE European Common Market's top shipping official accused the Soviet Union yesterday of abuse of the freedom of the seas and called for more European power to limit Soviet competition in international shipping. EEC shipping commissioner Richard Burke told a seminar in BrusselsAP - 312 words
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Article319 1978-09-12 12 Reuter. THE INDIAN government has asked the State Trading Corporation to arrange the immediate import of 15,000 tonnes of rubber on which no import duty would be charged, an official announcement said In New Delhi. Rubber industries have been asked to let the corporation know theirReuter. - 319 words
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Article675 1978-09-12 12 LONDON, Mon. Equity leaders extended last Friday's gains In moderate turnover, dealers said. At 3 pm. the Financial Times index was up 3.6 points at 322.0. Government stocks, however, declined after the government borrowing requirement figures for August, but the fall was limited to ft point as the675 words
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274 1978-09-12 12 UPI. THE South Korean government will curb, in principle the opening of foreign bank branches in the country beginning next year. The Maeil Kyungje Shinmun, one of Korea'* leading economic papers, yesterday reported that in 1979 no foreign bank branches will be allowedUPI. - 274 words
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168 1978-09-12 12 Reuter TOTAL ihcU of Bahrain's offshore banking market almost doubled in the year ended June 30 to reach USS2O billion (SS4S billion). The Bahrain Monetary Agency, in it* quarterly statistical bulletin, said that US dollars accounted for $14.6 billion of the market's assets compared with $8.3Reuter - 168 words
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1146 1978-09-12 12 Agencies. TOSHIO Kohmoto, Japan's Minister of International Trade and Industry arrived In Peking yesterday for talks Intended to double the scope of the US$2O-blllion (SS4S billion >, eight-year trade agreement the two countries signed in February. Mr. Kohmoto reportedly carried with him a proposalAgencies. - 1,146 words
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Article302 1978-09-12 12 AFP ASEAN countries have been urged to pool resources and set up a multi-purpose plant to produce the mostly commonly used drugs and sell them more cheaply. The call was made by a Malaysian consultant, Mr. MM. Chandaplllai, in a report on theAFP - 302 words
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627 1978-09-12 12 THE SUBJECT of compulsory unionism is shaping up as a major confrontation between the governments of Australia both Federal and State and the powerful trade union movement. The refusal of tram conductress Barbara Biggs to Join a union had brought transport chaos to Melbourne,627 words
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272 1978-09-12 12 JAPANESE Prime Minister Takeo Fukuda arrived In Saudi Arabia yesterday to try to bolster bilateral economic relations and reiterate his country's support for the Arabs In the Middle East conflict. In his talks with Saudi Arabian leaders, Mr. Fukuda Is expected to seek a272 words
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Page 12 Advertisements
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Advertisement204 1978-09-12 12 NOW lease an apartment at Ardmore Pare and enjoy amenities I 3 K S£ t f K S Chip Putt golf course Floodlit Tennis courts and practice court Squash courts Swimming pool Sauna baths Clubhouse with billiards/recreation room X, r *L Ardmore Park, in a splendid setting of greenery and204 words
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Article3968 1978-09-12 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping Une Involved, and the estimated dates bf arrival and departure.from Singapore port. t Consortia** SeanDnteh has a Joint service arrangement3,968 words
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Page 13 Advertisements
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Advertisement384 1978-09-12 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA lUrtwr U«w« Singapore P„ Ud T«t ***** Harrisons A Crosfiaid Kuala Lumpur Tal: *****/59 P«rn»»- MISC Pwwng Tel: ***** SHIPPING SSAWKYO LINEI AUSTRALIA SERVICE P.Kcbnf Singapore Luting far PARADISE MOON ...19/20 Sept 17/11 Sept SYD, MEL. ADEI YUE RIVER 1/2 OCT SYD,384 words
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Advertisement406 1978-09-12 13 THAI AtAJttN€ IMF REGULAR SCHEDULED CONTAINER FEEDER SERVICE BETWEEN SINGAPORE/BANGKOK (muMi.T.i. M SW SINGAPORE KITISMIUtV.iI IS«X II itft 13 S«f( 14S«pt KfTI SAMUT Vl9 17 S#t llh* 22 S«* liUfi KITI SMUT V.» 21 itfH 2t U* 1 ua 2 Od BOOKINGS/ENQUIRIES OCEAN SHIPPING I ENTERPRISES PTE LTD 21ST FLOOR,406 words
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Advertisement323 1978-09-12 13 ANHSING LI REGULAR SEMI-CONTAINER/ I.INER SERVICE LORD STEAMSHIP CO. SJI TAIWAN/STRAITS/TAIWAN EXPRESS LINES SERVICE S'PORE P.RELAN6 PENANC TAIWAN LOON CHOW SaM 13/14 Sept 15/ICS* 22 Sa* LOON HSIN6 11/15 U# 16/11 S«p< 19/21Sapt 25 U* LOON FAT 15/17 S«pt 11/20 S* 21/23 lOd PHILIPINE ACE LINES INC. SPORE P KELAN6323 words
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Advertisement58 1978-09-12 13 NOTICE DOWA LINK CO. LTD JAPAN M.V. NO. C BABBAHI Voy 2SA Arrived 5.9.78 P.P Wharf Oodown 303 Oeneral survey on cargo discharged ex the above vessel will be held on 13th September 197* from 9.00 a.m. to 12 p.m. No further survey wIU be held after this date. NO58 words
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Advertisement13 1978-09-12 13 LAND FORTNIGHTLY SERVICE TO/FROM MIDDLE EAST LTL DUBAI B. ABBAS •OOKIMG TIL: *****2313 words
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Advertisement810 1978-09-12 14 4£Hapag-Uoyd FUUT CONTAINERISED TO EWOPE S pan r urn irwi r 20/9 22/9 12/10 14/10 EXPORTS Li Ham 26/9 2>/9 19/10 21/10 22/10 24/10 3/10 5/10 26/10 28/10 29/10 1/11 CwflfMla* 3/10 S/10 26/10 28/10 29/10 1/11 City if 11/10 13/10 .1/11 3/11 4/11 (1/11) Oiafealaj 19/10 21/10 10/11 12/11810 words
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Advertisement611 1978-09-12 14 barber blue sea' From: US ATLANTIC US GULF ft EAST CANADA Sed2S/28 Oct 4/5 S*pt2B/18 Od 7/9 Oct 4 Sod 14 Oct 5 od 14 Sod 17 Oct; Oct IS sept n octn U* 22 Oct 12 Od 17 In-7 No* It Od 21 toll Mm 2* Od IS Nm611 words
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Advertisement557 1978-09-12 14 40TM FLOOR HONG LEON6 BLDC 16 RAFFLES QUAY SINGfiPORE 1 Cu»tom« S«mic« Boc»m| *****22 Terminal ?57C"*ti3 *****37 I FULLY CONTAINERISED SERVICE Go ont better to the Middle East PRIORITY BERTHING DISCHARGE AT ALL PORTS AMAX AMAX MARINER CO^UMBIALAND Y'HAMA SAILED 23/S ***** KOBE SAILED 25/9 25/10 KAOSHIUNG SAILED 29/9 29/10557 words
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Advertisement882 1978-09-12 14 m Burma Fhrt Star Shipping Corpn. "BURMESE NATIONAL LINE" I LOADING FOR RANGOON 4VMKP? u/jb «rf B.F.S.S.C. Agents in Malaysia: TEPS MALAYSIA Port Kelang Tel (38)7355 Penanj Tel. *****/***** VLi, Compania Arfentina D« PAMPA ARGENTINA 2/1 4/5 Nat* </7 Hot* i Transportacion Maritima Mexicana S. A. "MEXICAN NATIONAL LINE" r882 words
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Advertisement579 1978-09-12 14 I \KDIM I \U it) Orient Overseas ContauteA I ine M ■ti i u {'part P.Uaai Sato* LeHeweHborj IT An* Antwerp UW CORAL M 14/9 15/9 2/10 3/10 5/10 7/10 9/10 ALIERPAULI2W 22/9 24/9 10/10 12/10 14/10 16/10 18/10 ILIER RO2E 10* 28/9 30 9 16/10 18/10 20/10 22/10 24/10579 words
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Advertisement1226 1978-09-12 15 OCX Overseas Containers Limited Tim mt BCBUMI MMIMH MT crrr «r eiinmmb MU MT uuna ■i limine expiess (MAMA MH IWUW MT MEMEH EXPRESS Ntwf r«M Lt rim P. Kate* (Tanr* Br*a. A'we re Mm* >HK Blifl 1! M H let II M 11 M BM a Sept lIMtIMfIMMM 11,226 words
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Advertisement789 1978-09-12 15 Ben Ocean Afmtsano9cfß6nLmeißMFbmdCknLmeandNSklO m AMERICAN PRtSJD€NT LINES laM| Mr Htm Tork, tut Cwt mi BaM pi lat tap In, la Fimum m 4 P. POLK P. HARRISON P. EISENHOWER P. ROOSEVELT IM CD.SCOI II Sept (11 Sept) I Oct (27 Sept) IT Oct 9 Oct) 11 let (23 Oct) TNML789 words
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Advertisement488 1978-09-12 15 BEN LINE ># iiM ISSapl >MI BSapl CWMM Mr E CITT m cbinbskb 11 act II NiU BAT n Ut Ji W ENA VON 0 act i» Bet ivhu 11 act ft** **r—- mrm BP 13 BEN ASIA CONTAINER SERVICE S Bore Phe law P«nan| 1 Yoko Ouka Kobe MO|i488 words
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Advertisement932 1978-09-12 15 Scan Dutch V WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA FaoOar from P. Mfeaf Vessel FIANCESCA SaiM Ml MKTIIM eleamba 11/1 munu FRAHCESCA a/ flltHill M/ ft MLfT FRAHCESCA 7/11 SE LAMIA S'aori 1) MwillM 2) Rdaa 3 Hkuff 4) Sb«r| 11/ 1/18 4/10 1/11 WW nj a a/ia i«/» i»/ii ii/n 4/18932 words
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Advertisement269 1978-09-12 15 GUTHRIE BOUSTEAD SE THE BANK LINE LTD. SU time (Mwritin. Rtffi CiMtovni Kieit»fi VCSSCI (Waaritin, Rmimw. P.E., C»p»to«n) Hunt mm un swi VESSEL Num VtSSEI No OwkM. E.L. S'pon P. blM| M n/11 4/ I fct S-fWf 7/11 act P. K*4mc 11/11 lfl P. Mil* 12/14 Set S'ffff 11/» P.269 words
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Advertisement707 1978-09-12 16 K LINE KAWASAKI KISEN KAISHA. LTD (VIA MB) lr brito S*por» f. Kolaaf L.Ho*ro N*ban Ireaaa Tim A*w*yj coral iw us* «$g 'KJSJSJSSJS kpak 12* nu+ asm "KHEJJKHEIIE 1 MS IMF 20 Sept 31 Sept II let 21 let 21 ®ct 22 24 9cl KUL 11V 5 act 7 Oct707 words
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Advertisement794 1978-09-12 16 U.S.A./EAST CANADA SERVICE ACCEPTING rOAft CONTAMEB FMM PERAM. P. KELMK, STORE imm« mr mmu, rw, Halifax, it. mm P*«l«R toIOTM ruiMf rt "VISHM TIRTR" (MSA 25 SCI) IVM Saft 11/17 ton IT/11 toft 11/11 S E.C./BREAT LUES SEHKE rt Ltfßag fV: MHU, Mt* IMB. HMYII IRMRMftA, IWIIW. Wj CAUFORRtA/PACIFIC IORTR794 words
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Advertisement951 1978-09-12 16 3-C ZdX "FULLY CONTAINfWSfD SCKVICfS: im war rpm r.um ;i; tavmtmm usapt use* 1 E J E crevauexpmr. nust nut J CKMuanzE asapt asapt 2 £5 2 2 MEPTWE nm w 7 M M SSSTEIIEF 21 M 22 let m» 111" i ss-isssa lit I let MM MM 23 kt951 words
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Advertisement310 1978-09-12 16 GMtMi MAIHYSIAH HWHATKHAI SnrHNG co*eo*AnoH m*HAD EXPRESS FULLY CONTAINENBED SERVICE TQfPROM MCD/UK/00MTMENT/9CAIIDIMAVIA .1 ,V,■ f, ,Y Drk«| 9 Ntart ir« 9UN MMm| r*w« ■ISC Id Li. »ISM id 7in/« pre. in. COASTAL '3 P. Kalaaa Sinppcrt Lu<>a( far. I Itttt Via *CIV« Sapt) IT/IS il|l IS/11 upt Machine, Kin. t<ll/14310 words
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Advertisement670 1978-09-12 16 f INTRASEA (PTE) LTI. ZILZATE IK) NUtlt Mil 3S B Kansai Line! St raits/a v str aij a service Smppore P. Rtl*C ln*| tar; mwaf. U 23 Sept 21 Sept Bnsbane/SydHey/-.^ Mtiboume, AdelaidC* MTRAttA IFTtJ LTO- TM SMPTIHB HM ALPAC LINE SOUTH AFRICA SERVICE pore f. Keianj Pmphj V|k KAMA670 words
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