The Business Times, 13 September 1978

Microfilm: NL9835
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, SEPTEMBER 13, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Sarawak's chief resigns
      66 1 AP KUCHING, Tues. The Chief Minister of Sarawak, Datuk Abdul Rahman Ya'akub announced today he Is resigning from his post. Political circles have been speculating over the past few weeks that Datuk Rahman and his 42-year-old nephew, Datuk Amar Taib Mahmud, Federal Minister of Defence, would switch
      AP  -  66 words
    • Article
      Lock icon Political ills
      89 1 Reuter GENEVA, Tues. The world's major economic problems such as high unemployment, Inflation and sluggish growth are essentially political and have been caused by governments, claims a study published today by the UN General Agreement on Tariffs and Trade. They are essentially passing Ills and governments tend to
      Reuter  -  89 words
    • Article
      Lock icon Growth target
      76 1 AFP AP TAIPEI, Tues. Taiwan's economic growth rate is expected to reach more than 10 per cent this year, according to Mr. Yu Kuo-hua, chairman of the Council for Economic Planning and Development. He also predicted that per capita income would be US$l,3lB (about 553,000) for the current
      AFP; AP  -  76 words
    • Article
      Lock icon TSE bullish
      95 1 AFP TOKYO, Tues. Share prices on the Stock Exchange advanced today for the third straight session. Analysts attributed the upsurge mainly to reports that major firms will enjoy a solid earnings increase and that wholesale prices in Japan fell last month at the fastest annual rate in 20
      AFP  -  95 words
    • Article
      Lock icon Saudis' next move
      50 1 UPI BEIRUT, Tues. Saudi Arabia will decide in the next few weeks whether it will back an oil price increase for 1979, Oil Minister Sheikh Yamani said at a press conference with visiting Japanese Prime Minister Takeo Fukuda on Monday at the resort city of Taif. UPI.
      UPI  -  50 words
    • Article
      Lock icon Oil exports
      63 1 AP JAKARTA, Tues. Mining and Energy Minister Subroto said today Indonesia has no plan to decrease its oil exports to Japan as some reports have said. On the contrary, oil exports to Japan might be increased in the future. Japan for years has imported more than 40 per
      AP  -  63 words
    • Article
      Lock icon Dow Jones
      88 1 AP NEW YORK, Tues. The stock market headed lower at the opening today. Losers took a 4-to-3 lead over gainers in the early tally of New York Stock Exchange-listed Issues. The Dow Jones Average of 30 Industrials dropped 5.28 to 902.46 in the first half-hour. The economic news
      AP  -  88 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      131 1 Foils OCBC 1060 -50 Miiin Fmills 210 -30 M Banking 570 -25 UOB 446 -22 Nat Iron 630 -20 Strait* Trading 610 -20 Spore Merlin 420 -20 Gentings 394 -16 UOF 346 -16 Cold Storage 322 -16 Tronoh Mine* 770 -15 Tractor* 595 -15 Rises G Ceramics
      131 words
    • Article, Illustration
      In Kuala Lumpur
      166 1 Falls OCBC 11.00 -.40 C C Ltd 6.30 -.30 Carisberg 6.40 -.25 U O Bank 4.56 -.22 Con Pit Wrt 5.20 -.20 M Banking 5.80 -.20 A Hltam (T) 11.60 -.20 DBS 4 98 -.17 NIron 6.40 -.15 C Storage 3.26 -.14 Genting 4.00 -.14 JC-MPH 1.83
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  • Article
    US quotas far from hot cakes
    1036 1  -  COMPETITION FROM TWO IN ASIA Br SIVA ARASU SINGAPORE garment and textile manufacturers will have to step up drastically their exports to the United States in the remaining months of the year if they wish to exhaust their quotas. Less than half of the
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  • Article
    SCORE SETS UP A NEW WORKSHOP
    183 1 A NEW workshop has been set up in Changi Prison to help cope with a big rise In overseas demand for cane furniture made by Inmates. The Singapore Corporation of Rehabilitative Enterprise (Sfcore), set up the new workshop after sales of cane furniture for
    183 words
  • Article
    Lock icon Seoul removes controls on more imports
    699 1 AFP. AP. THE SOUTH Korean government yesterday liberalised imports of 299 Items as a step towards complete Import liberalisation by 1981. With the lifting of trade barriers, South Korea has liberalised 65 per cent of its imports. The new items ranged from raw materials,
    AFP. AP.  -  699 words
  • Article
    Market investors will have to bear for a while
    268 1 THE SINGAPORE stock market took a sharp knock yesterday as marauding bears ripped up to 10 per cent off the values of stocks. Selling was especially heavy in stocks which had risen way beyond their intrinsic worth in the recent rounds
    268 words
  • Article
    A colour TV set on the house for Luxor staff
    413 1  -  •y JOHN LIM A LOCAL television manufacturer hopes to attract and keep Its workers by providing each of them with a colour TV set for as long as they remain with the company. This offer, the latest and most attractive
    413 words
  • Article
    Lock icon Asean growth rate
    101 1 Reuter PHILIPPINE deputy. Trade Minister Vicente Valdepfnas predicted that the Asean gross national product (ONP) growth rate would double from the present 6 to 7 per cent within the next 12 years. "Asean is registering an unmitigated and persistent growth such that the big powers are taking
    Reuter  -  101 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      27 words
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      Page 1 Advertisements Column 2
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      Page 1 Advertisements Column 3
      68 1 Wm SHIPPING TIMES GERMAN book exkibitfcm witb difference HOW local yard* eu wis laorder* KOREA tbe wlf boy 7 FORUM «a taflatfc* 7 METRO improves its liquidity 11 ST. Ptraa to e—tUioteß its ANOTHER itop towards NY haalriag ft— Uad« worn 12 TRAVELLERS cboqo— aro hot ■tuff in Brazil MEMOPAO
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      Page 1 Advertisements Column 4
      294 1 whatever you need in menswear.get itat... flfellrcM® MOHAN'S DePT. STORE (PTE.) LTD. 32V Orchard Road lai *****22 (next to Mandarin Hotel) Branch: lot, fangin Shopping Centre let *****40 Daily '.9am-9pm Leader Page 6 The Olivetti Copia 405 copies anything crisply in only 4 seconds. It has built-in extras that are
      294 words
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  • TRADE AND INDUSTRY
    • Article
      Centralisation works against land reform
      444 2  -  By CHARLES CHAN in Kuala Lumpur THE tendency towards excessive centralisation is perhaps the most serious barrier to effective land reform In countries of the Asian Pacific region. This is the case in Malaysia, India, Pakistan and Indonesia, says Mr Keith Emrich, an expert attached
      444 words
    • Article
      Alternative credit channels needed
      313 2 ALTERNATIVE channels for providing credit and for the efficient marketing of produce should be included in plans for land reform, a seminar was told yesterday. "Without them the entire process of implementing the reforms will break down and the final state of the rural community will
      313 words
    • Article
      POSTHASTE TO UK
      103 2 A SPEEDPOST service to the UK is available. This service Is not affected by the delays in inward mall handling. Although there Is an International Express Delivery Service to the UK, mall Is still subject to delays because of the continuing difficulties In mall handling. Speedpost is
      103 words
    • Article
      Lock icon Concessions given
      74 2 AFP BOTH Japan and Korea have been given fishing concessions around the West Australian coast, following an agreement signed this week between the Federal government and the West Australian state government. The proposals approved nationally by the Minister for Primary Industry. Mr. Lan Sinclair, Involved the West Australian
      AFP  -  74 words
    • Article, Illustration
      Keep a close watch...
      354 2 WATCH technician* need to stay in cloee touch with new developments in the watch industry, said Mr. K. Branschi, world service manager for the Swiss watch-mahers Certina, at the close of a four-day .seminar on the repair of Swiss quartz watches. He emphasised this need to
      354 words
    • Article
      Concrete sleepers' trial run extended
      376 2 MALAYAN Railway will extend the experimental use of concrete sleepers as soon as the depot being prepared for the sleepers at Kuang In Selangor is ready next year. The Minister of Transport, Tan Sri Dato V. Manickavasagam disclosed this in his message to the two-day
      376 words
    • Article
      Lock icon Progress at textile negotiations
      198 2 AP AMERICAN officials reported progress In three areas of the Just-con-cluded week-long textile negotiations with India in Washington. The officials said the Indian delegation acknowledged that India has mlsclasslfled some 14 million metres of apparel exported to the United States this year as made by machine.
      AP  -  198 words
    • Article
      WORKSHOP ON EXPORT PROMOTION
      121 2 A FOUR-DAY workshop on export promotion for electronics at the Apollo Hotel will be opened by the chairman of the Singapore Manufacturers Association, Mr. Michael Yeo, on Sept 18. The workshop Is intended to assist electronics manufacturers in export marketing and promotion. Special emphasis will be
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    • Article
      East meets West in book show
      419 2 EAST-WEST dialogue in German books Is the theme of the forthcoming book exhibition organised by the Publishers and Bookseller Association of West Germany for the Asean countries. The exhibition from this Friday to Sept 25 will be held at the Victoria Memorial Hall. About
      419 words
    • Article
      Seminar on research and development
      143 2 THE Senior Minister of State (National Development), S. Dhanabalan, will open a seminar on national research and development on Friday at the Shangri-La Hotel. Organised by the Science Council of Singapore. Singapore Institute of Standards and Industrial Research and Applied Research Corporation, the two-day seminar
      143 words
    • Article
      MEMO PAD
      355 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 15: Introduction to Commerce, SITC, SITC Sept 11-22: Personnal Development Programme, Hilton, SIDO/
      355 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      370 2 FROM I 7 P o Government in Malaysia J Politics and Government in Malaysia is concerned with the substantial political changes that took place in Malaysia after Independence in 1957 and especially during the last ten years. Among these are the May 1969 racial riots and the j J temporary
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      629 2 CRYPTIC PUZZLE ACROBB 3 Stick broken pates together? (5) 8 Took for weaving a rug out East (9) 10 Afloat their stern Is amidships! (5) 11 He had his thoughts on mother lore (3) 12 Runner who gets the' distance right (5) 13 Chap formerly at No. 11? (4, 15
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  • Article
    Canada props its dollar by raising bank rate
    564 3 THE Bank of Canada said it increased bank rate to 9.5 per cent from 9 per cent, effective yesterday. Bank governor Oerald Bouey said the increase is to improve the relationship between domestic and foreign Interest rates to support the Canadian dollar.
    564 words
  • Article
    Lock icon Slight rise in UK wholesale prices
    289 3 Reuter WHOLESALE prices in Britain. excluding food, drink and tobacco rose 0.6 per cent last month after a 0.7 per cent gain in July. The cost of raw materials and fuels fell 0.8 per cent following a 2 per cent July fall, provisional Department
    Reuter  -  289 words
  • Article
    Lock icon Best performance
    175 3 UPI US RETAIL sales, an indicator of consumer spending patterns, rose by 0.8 per cent in August for the best performance of the summer and the largest upturn since last April. The US Commerce Department said on Monday sales by retail outlets had been somewhat sluggish for the
    UPI  -  175 words
  • Article, Illustration
    Slick-tongue robot
    300 3 CHILDREN went berserk and adults were almoet at enthusiastic when F2D2, the Australian facsimile of the popular Star Wars robot, R2D2, arrived at Auckland International Airport recently from Sydney to attend the sixth New Zealand Computer Conference. The metre-high robot, who describes himself as a "hot-blooded Australian male",
    300 words
  • Article
    Lock icon Australia's visible trade in deficit
    299 3 Reuter AUSTRALIA'S seasonally adjusted visible trade swung Into an As22-million (Sss7 million) deficit in August from $90-million surplus in July, compared with a Sll6-million yearearlier surplus, Australian Statistics Bureau reported. This is the first seasonally adjusted deficit since June 1977. Exports amounted to $970 million
    Reuter  -  299 words
  • WORLD IN BRIEF
    • Article
      Lock icon INDONESIA'S ARMS PACT
      490 3 Agencies INDONESIA has agreed to buy arms, including tanks, from France. An agreement on the purchase was reached at a meeting between French Minister Louis de Gulringaud and Defence Minister General Mohammed Jusuf In Jakarta on Monday. THE US Senate approved a foreign aid bill lifting trade
      Agencies  -  490 words
  • Article
    Lock icon Call for deadline on sea law treaty
    188 3 AP A DEADLINE should be set now for completion of the Law of the Sea treaty, the UN committee working on the issue was told. Conference president Hamilton Shirley Amerasinghe said. "We should attempt now to fix a final deadline for the completion
    AP  -  188 words
  • Article, Illustration
    Lock icon Britons put m pay claims of 20-30 pc
    865 3 Reuter SINCE the Aug 1 start of Phase Four of the British government wage restraint policy, pay claims are ranging between 20 and 30 per cent. Confederation of British Industry (CBI) figures to be released later this week will show. The British
    Reuter  -  865 words
  • Article
    Britain's August loans record a sharp rise
    238 3 THE BRITISH central government borrowing requirement was £1.04 billion (554.5 billion) last month compared with a repayment of £19 million in August, 1977, the Treasury said. Cumulative borrowing by the government in the first five months this fiscal year (ending April. 1979), was
    238 words
  • Article
    Lock icon Car-makers want FTC study quashed
    558 3 NYT THREE OF America's four dominant car manufacturers and two retail dealers asked a Detroit federal court to halt the Federal Trade Commission's economic study of the automotive industry. The study violated their constitutional rights, was burdensome and costly, and would result in competitive injury
    NYT  -  558 words
  • Article
    Central bankers the EMS sceptics
    644 3 CENTRAL bankers meeting at the Bank for International Settlements said they were still very sceptical about the working uf any expanded European monetary cooperation. The bankers said that they examined progress made so far in drawing up possible cooperation schemes and noted that there are
    644 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      41 3 COPYING PROBLEM SOLVER N0.2 New Toshiba BD-704 Uses ordinary paper Top copy quality Lower copy costs Completely dry system Increased copying speed Quick worm-up time Quiet operation Compoa size Copies on both sides > you buy the new TOSHIBA BD-704! mm ri
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      348 4 THE Singapore market closed yesterday easier with October One RSS buyer quoted at 245.25 cents/ kilo, down 1.25 cents on Monday's close, dealers said. The morning market lost half a cent In quiet trading on lack of Interest, they said. China's absence caused prices to ease
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    • Article
      Closing prices
      30 4 Rubber: Sept 12 Singapore* Oct 245.25 cent* (down 1.25 cents) Malaysia: Oct 250.00 cents (down 1.50 cents) Tin: Msl3«l (down $4) Official offering: 258 tonnes (up 58 tonnes)
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    • Article
      RAS PRICES
      334 4 R A S. prices In cents per kilo yesterday: Noon (perkllo) Close (perkllo) Int. 1 R.S.S. prompt f.o.b. Int. 1 R S.S. Oct Int. 1 R S.S. Nov Int. 2 R S.S UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R S.S. UK/Cont. Int. 5 R.S.S. UK/Cont Buyers 244.00
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    • Article
      SSR AND SMR
      102 4 NOON SSR and SMR prices yesterday: October N. ovember HAS (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* (cent! per kg) (ce. it* per kg) SSR 20 (l-ton pallet) 219.50 221.50N 220 50 222 50N SSR 50 (1-ton pallet) 217.50 219.50N 218.50 220.SON MRELB SMRSCV (1-ton pallet)
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    • Article
      Palm oil
      80 4 CIC North European ports, in US dollar per ton unless otherwise staled LONDON: Monday Previous Malaysia 5% ffa bulk per tonne 615 sir November 610 sir Sumatra 5% ffa bulk September 645 sir 645 pd October 625 pd 635 sir November 610 pd 620 sir December 607 V,
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    • Article
      Sugar
      367 4 THE London sugar price yesterday was raw, £103.00 and white, £110.00. NEW YORK world sugar futures dealings turned quiet shortly after surging 0.15-cent net higher at the opening yesterday. The advance on scattered buying was prompted by rumoured additional sugar purchases by China. Last week, New York trade sources
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    • Article
      Wheat
      103 4 CHICAGO wheat futures closed on Monday mostly lower after falling to Join other futures In a late rally. Dealings were generally quiet and confined to a three-cent or smaller range. Prices fell 3-1/2 to one cent a bushel In most contracts but finished up a fraction in the two
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    • Article
      Rice
      125 4 BANGKOK rice prices were as follows yesterday: BANOKOK rice In US dlrs per tonne fob basis White Price: 100 on Ist class 397.100 pet 2nd class 382. 100 pet 3rd class 77, 5 pet 372. 10 pet 347. 15 pet 312. 20 pet 342. 25 pet 327. 35 pet
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    • Article
      Produce exchange
      433 4 QUIET trading prevailed on the Singapore produce market yesterday. The market for copra was steady with prices holding their overnight levels. Deals were mostly confined to local book-squaring accounts. There was some overseas interest with inquiries from Eden for about 200 tonnes of copra. The order is still
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    • Article
      Hongkong comex
      126 4 Cotton prices closed about 0.20 US cents higher in fairly quiet trading, ahead of the US cotton crop production and yield report scheduled for release by USDA, dealers said. Activity was confined to commission and brokerage houses two-way dealing, with prices fluctuating between a narrow range of three
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    • Article
      SPOT PRICES
      198 4 YARN and cotton In Hongkong dollars, spot exgodown Cat ton Yarn China: Blue Phoenix 20 s 1 880 32 s 2.620. 40 s 2.720 (per bale of 400 lbs) Piece Good* China: Butterfly and Globe brand unq. Dragon head unq. Five lambs unq. Flower and Butterfly unq. Flying
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    • Article
      Coffee
      448 4 ROBUSTA coffee futures ended the opening call yesterday steadier with gains of between €53 and £29 per tonne. Turnover was 880 lots. Dealers said heavy buying from one Individual trade house In November induced additional dealer and chart buying. They said the trade house buying may have been producer
      448 words
    • Article
      Silver
      389 4 HONGKONG silver closed unchanged yesterday at HK5261.00 sellers per 10 ounces from its previous close in continued thin featureless trading, dealers said. There were no trades throughout the day, while the fix was steady at $261.00. London spot silver closed on the day's highs at 549.50/ 550.50 cents an
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    • Article
      Lead
      66 4 LEAD on Monday was up mostly t'7 per tonne. Afternoon values fell back under profit-taking and liquidation to C 35-1 per tonne for Three Months on the kerb. The morning market found support from trade buying, stoploss and chart operations which took Three Months up to C 355 on
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    • Article
      Zinc
      53 4 ZINC on Monday was up £2.5 for cash and £2.75 for Three Months. The market remained quiet during the afternoon within a trading range of £326 to £327 Tor Tnree Months. The metal was subdued during the morning with prices showing moderate gains in sympathy with the trends In
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    • Article
      Straits tin
      317 4 THE Btralts tin price In Penang yesterday fell MS4 to $1,861 per plcul on an offering of 258 tonnes. Tin closed £50 up for cash and unchanged for Three Months standard while high grade was up £57 and £2 respectively in London yesterday. Three Months standard reached a
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    • Article
      Cocoa
      476 4 TERMINAL opened £16 to C 5 per tonne higher In London yesterday. Turnover totalled 680 lots. The market was Initially rather hesitant following the trend In New York ard prices moved slightly lower on some follow-through to Monday's bout of profittaking and some dealer selling. However, offerings were soon
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    • Article
      Copper
      354 4 •COPPER wire bar* on Monday gained C 4 for cash and C 7 for Three Months. The afternoon market traded higher up to C 757.5 for Three Months following the upturn at New York but light profit-taking shaded the position to £754 before fresh covering steadied prices at the
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    • Article
      Soybean
      170 4 CHICAGO soybean futures moved on Monday higher In sympathy with late advances In corn but met with resistance at the highs. Prices closed 5-1/4 to two cents a bushel higher, about midway In the day's trading range. The market rose In the final hour on spillover buying from the
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    • Article
      Gold
      472 4 THE kllobar In Singapore opened at 8115,028 yesterday and closed higher at $15,074. Prices were generally up from the opening with the lowest at $14,989 and highest at the close. Trading was. light. Spot gold for London delivery opened at U*****.60/ 207.10 per troy ounce and closed at U*****.30/60.
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        527 4 THE US dollar saw fairly steady trading against major currencies on the foreign exchange market yesterday. Losses and gains were marginal from its opening levels. Against the yen, the US dollar opened at 192.00/ 10 and was traded at around that level until London's opening. From then, the
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      • Article
        Asian $ rates
        202 4 Asian rates ASIAN currency deposit Interbank rates as at close on Sept 12. US Dotlai Offer '(Spst) Bid 7 days 1 mUi 2mths 3 mths 6 mths 9 tilths 12 mths .85/8 .•3/4 .17/8 .91/4 .9.1/4 .9 5/18 8w> Frs. (Middle F 81/2 >7/9 91/9 91/9 93/19 Das. •ricssl 1
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks .are currently prepared to lend to their beet customers is 7.25 per cent.
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      • Article
        Discount
        40 4 RANGE of price* offered by discount houses on dept 12: Overnight 2% 3HH Call deposit* MM Qui.. ■vtag 3-month Treasury bill 30/11 3-month Bank bills M 3-month CD M 6-month CD SV/M M •S Source: National Discount Co Ltd
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      • Article
        Frankfurt
        6 4 riPwuJij 1 iTtirvi k I'll
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        London
        280 4 THE DOLLAR yesterday was mixed to slightly weaker against other major currencies In fairly quiet opening trading, dealers said. Dealers are adopting a cautious attitude and keepllng mainly square positions ahead of any news from the Camp David Middle East peace talks and also ahead of possible fresh dollar
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      • Article
        New York
        264 4 THE dollar on Monday finished weaker against major currencies, while the Canadian dollar fell to a record low, closing at 85.96 US cents dealers said. They said the Canadian dollar's decline continued the pattern of recent weeks, reflecting concern about the general economic outlook. The Canadian unit declined
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      • Article
        Tokyo
        100 4 THE US dollar for overnight delivery closed at 192.20 yen yesterday, up from a 192.00 opening. Trading was active with volume $530 million. The dollar recovered moderately In light late trading on import covering by Japanese oil companies and traders and dollar buying by foreign banks, the dealers said.
        100 words
      • Article
        Euro $ rates
        174 4 Euro rates LONDON Eurodollar deposits yesterday opened unchanged from Monday's higher levels while period rates moved slightly firmer in early trading, dealers said. Fixed date deposits from Three Months on edged 1/18 higher In fairly active taking Interest from the Continent with particular Interest noted In Three Months for end
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      • Article
        Australia/NZ
        58 4 AUSTRALIAN exchanges quote* yesterday: US dlr 1 1514/ 1.1486 Sterling 0 3*42/ 0 5672 Ninety-day air mail buying rata* Sterling 0.8133 US din 1 1880 «22 d jf J2f w n> buyln ■Sterling 0 5886 US dlr* 1.1473 NEW ZEALAND: Sterling 0 5425/ 0.5386 US dlr 1.0973/ 1.0473 Ninety-day
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      • Article
        Hongkong
        36 4 BANKNOTE rata* footed yesterday US 4.72/4 74 UK 8.25/8 45 Burma 1.28/1.» India 4.56/4.78 Indonesia 1.18/ I.IS Japan 2 456/2 405 Korea 6.88/S.Sa Philippines 6.98/0.61 Singapore 2.87/2.88 Malaysia 2.825/2 045 Brunei 2 00/2.82 Taiwan 12.TVu».w
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      47 4 NOTICE THE BECHTEL GROUP OF COMPANIES WISH TO ADVISE THAT MR. V. I. SUBRAMANIAM IS NOT AN EMPLOYEE OF ANY OF OUR GROUP OF COMPANIES AND AS SUCH DOES NOT REPRESENT ANY OF THE BECHTEL GROUP OF COMPANIES THROUGH OUT THE WORLD. MANAGEMENT BECHTEL GROUP OF COMPANIES
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  • Article
    Four giants to help China build up its yards
    501 5 FOUR JAPANESE shipbuilding giants have agreed to help China develop its merchant yards. After exchanging technicians over the past year, China filed a formal request with the Japanese for technical cooperation in modernising its shipbuilding industry, according to Lloyd's List. The
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  • Article
    TRANS-PACIFIC SAILINGS
    70 5 EAC Lines Trans-Pacific Services will put its newlybuilt vessel, the Sinola, on the trans-Pacific trade routes. The new ship was built at Nakskov Shipyard in Denmark and was launched at the end of last month. EAC Lines provides two direct sailings a month between Singapore and Vancouver, Seattle,
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  • Article
    Meeting on freight increase proposals
    103 5 THE Straits/ Australia Conference and the Straits/ New Zealand Direct Conference have proposed rneral freight increases of per cent effective Nov. 1 and Oct. 1 this year respectively. Both the Singapore National Shippers' Council (SNSC) and the Malaysian National Shippers' Council will meet the two
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  • Article
    Workshop for shippers, owners
    80 5 A REGIONAL workshop to help shippers and shipowners negotiate more amicably will be held in Bangkok from next Monday to Friday. The theme is "Shipping as a service industry." The workshop is organised by the United Nations Economic and Social Commission for Asia and the Pacific
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  • Article
    Excursion fare
    60 5 AIR New Zealand now offers an excursion fare to and from Hongkong the first between that country and New Zealand after two years of negotiation with overseas airlines. The fare, NZ$975 (about 552.290) for the round trip Auckland/ Hongkong/ Auckland represents a saving of 35 per cent on
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  • Article
    DAILY AIRCRAFT MOVEMENTS
    724 5 ARRIVALS Service Local Operator Number Time From TMA TL374 0530 TPE MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH607 0845 KUL MAS MH621 0840 PEN MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK
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    S'pore well placed to build ships for Jakarta
    368 5  -  By RAHIM KASSIM SINGAPORE'S proximity to Indonesia and it* well developed shipbuilding industry put* it in a good position to exploit Indonesia's growing need for marine vessels. Mr Adil Nurimba, president and director of P.T. Gesuri Lloyd of Indonesia, disclosed this when
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  • Article
    Guinness Peat's leasing airline
    517 5 GUINNESS Peat Aviation, the Shannon-based aircraft leasing and broking concern, has announced the establishment of Ireland's first major international leasing airline Air Tara. The new leasing airline, also based in Shannon, will be responsible for the operation of all aircraft leases negotiated by Guinness Peat Aviation
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  • Article
    FAR EAST FREIGHTS
    790 5 PARCEL tankers are trying to increase their rates as much as 20 per cent from the US to Singapore. Cement rates from South Korea to Saudi Arabia have dropped to US$lB.6O a tonne. However, It is expected rates will stabilise at about $20-21. Looking for vessels are
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  • Article
    FOREIGNERS AVOID NARITA
    324 5 A TOTAL of 1.83 million people left or entered Japan via Narita Airport, Tokyo's second international airport, between its opening on May 20 and the end of August, a 5 per cent decline from the same period a year ago at the first airport, the Japanese Immigration
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  • Article, Illustration
    SHIPS IN PORT
    325 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aspindza (0600) 13/14 Gallant (after Golden Bear) 15/16 Golden Bear (0530 after Yue Flower sails) 18 Golden Globe (0600) 19 Hel (1100 after Nissan No. 1) 47 Horn (1500 after Silver Lake) 29/30 Kristin Bakke (0900 after Sea Trader) 8/9 Oktyabrlskava Revolutsiya
    325 words
  • Article
    Lock icon LONDON FREIGHT MARKET
    210 5 UPI SINGLE voyage and timecharter trading were fairly evenly divided as the tempo of chartering activity was well sustained. North American grain fixing was again the most prominent area as far as single voyage business was concerned. One booking of interest was that of a 51,000-tonne consignment
    UPI  -  210 words
  • Article
    Lock icon NZ order for Korea?
    59 5 AP THE New Zealand Shipping Corporatlorfs new containership for the West Indies may be built In South Korea according to sources in New Zealand. The value of such an order is believed to be more than US$7O million (B*l6l million). British and Polish shipyards are known
    AP  -  59 words
  • Article
    Two PSA courses
    169 5 THE PORT of Singapore Authorities will conduct two courses from Oct. 31 to Nov. 10 on "Planning and management of a container terminal" and "Principles and practices of supervision." The objective of the first course is to provide participants an insight into the planning and operational processes
    169 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      18 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -r Call us for your local or onward reservations
      18 words
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      Page 5 Advertisements Column 2
      150 5 Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. David Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker. The book gives a brilliant rundown
      150 words
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  • Article
    Oil scenario has changed, Opec
    487 6 SHEIKH YAMANI makes great sense when he says that oil prices should be left to the Impartial market forces of supply and demand. But he can hardly be calculating with absolute accuracy if he thinks market forces will move oil prices up every three months
    487 words
  • Article
    Tactical switch
    206 6 THE GIFT of television sets to its workers by Luxor Singapore is a novel approach to tackling job-hopping among workers. While many firms are advocating the Introduction of restrictions on workers' mobility, it is refreshing to note that there is at least one firm which is taking a
    206 words
  • Article, Illustration
    It really pays to check before buying in Brazil
    1928 6  -  The developing world has two gems to boast of, one on each side of the globe. But while Brazil and South Korea may be making the sort of progress most countries only dream of, they have special problems of their own.
    1,928 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      264 6 Hotel RoyaiRAMADA Newton Road. Singapore 11, Republic of Singapore. Telephone: *****1, Tele*: RS-***** Cables: HOTELROYAL DflLVflniUSd TttffflSCinflTOlS Golden w Cream Sherry Sumptuous Cantonese cuisine prepared by our chefs with just the riflht touch and our speciality FISH HEADS Each dish is carefully selected by our chefs to give you the
      264 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      66 6 IWEAT-HERI i =a OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Report for 24 hours prior to 7.30 pm on Sept. 12 at the airport: Maximum Temperature 30.7° C Associated Humidity 75 Minimum Temperature 22.7° C Associated Humidity 97 Hours of Sunshine 4.65 Rainfall
      66 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      304 6 SINGAPORE 5 3.00 PM Opening followed by the Beverly Hillbillies The Wedding (repeat) 0 3.30 Diary of Events (Malay) 0 3.35 Bonanza Don't Cry My Son° 4.20 Intermission 6.00 Opening followed by Petticoat Junction Momentous Occasion (repeat) 0 6.30 News in Brief 0 6.35 Timang Tinggi-Tinggi (Malay repeat) 0 7.05
      304 words
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  • Article, Illustration
    Lock icon Seoul is shooting for Top Twenty by 1991
    1154 7  -  By SPENCER ADAMS FT ONE OF the beat ways to put the South Korean economy Into perspective is 1 to arrive In Seoul lmmeI dlately alter spending a few > days In Japan. Forecasters confidently predict that Korea will "out-Japan J Japan"
    FT  -  1,154 words
  • Article
    Lock icon Treasure galore in a monarch's tomb
    431 7 AFP "MORE than 7,000 relics have been tfound in Urge tomb of the early -Warring States (475-221 8.C.) in central China'* Hupeh province. Musical instruments, bronze and gold work, lacquer ware, weapons, ■bamboo and wooden utensils, jade "varvings and bamboo strips inscribed with characters
    AFP  -  431 words
  • Article, Illustration
    STRAWS IN THE WIND
    291 7 AN EXPATRIATE teacher at one of the local schools complained recently that the payments for his teaching services have been arriving late as much as two weeks even though he is paid at the end of the month. Everytlme he calls up his paymasters at the
    291 words
  • Article
    It's the same old phase for inflation
    828 7  -  FORUM ...on economics ly JOHN LEE INFLATION is like the weather.. Everybody talks about It, but nobody does anything about It. At least, that Is the Judgment so far against the Carter administration. President Carter and his associates are now finalising what they
    828 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      370 7 H MS& fpS W #1% m 1* B New Japanese Restaurant KIKU^I serving authentic Japanese food V 4^ Tc[)[ vin Yikki *Tom|xira Shashimi *Sukivaki *ShalxiShabu l/11/l I JAPANESE iVIIVIi RESTAURANT ORCHID INN Tel *****2 214 Dunearn Road. Smaapore 11 Enchanted evenings in fine European tradition. MirabeUe M J A R
      370 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      36 7 ux>«E£ u>wy we /Pvs though vou see Hm P>UJf*fS fues fVJRV ON Pi PLBTe LJiTH f\ SFSLPO vc. sees wi?J VO4 the sidc j>4 thc s\oe 'H&S OF >0-> IT S TH£ U>RS W LOOK PkT
      36 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Heavy trading seen
      592 8 TOKYO THE Nikkei Dow-Jones average recorded an all-time high yesterday and closed the day with a sharp gain of 21.82 yen at 5,902.06 yen. Total sales value was relatively big. since high-priced llght-electrlcal and pharmaceutical issues were heavily traded. The market was bullish centring on medium-sized incentive-backed
      592 words
    • Article
      Sydney
      257 8 SEPT 12 Cents INDUSTRIALS A. C. I A.N.I A. P. M Ampol Pet B. H. P Bank NSW Bora] Brambles C. B. A C. S. R Coal Allied Dunlop Ex. Ind Herald Hooker I. C. I Lend Lease Myer News Ltd Oak bridge Pioneer Con Repco Rouimans Swan Brew
      257 words
    • Article
      Hongkong
      369 8 THE market yesterday continued to consolidate on reduced turnover ahead of an Important land auction today and a possible rise In prime rate tomorrow. Fresh rumours In the market that Swire Pacific B shares would be franchlsed caused the discount to narrow while market chat that the Park Hotel
      369 words
    • Article
      Bangkok
      224 8 Sep* 12 Baht Bangkok Bank 370 ♦2 Bank of Ayudhaya Ltd 278 +4 Thai Danu una Thai Farmors Bank 354 unch Thai commercial Bank 882 -4 Bangkok Metropolitan Bank unq Industrial Finance Corp. 2475 -2 General Finance 300 unch Bangkok Investment 312 unch First trust 288 -2 Raja Finance
      224 words
    • Article
      Manila
      90 8 SEPT 12 Pesos Aco)e Mining Atlas Con. A Atlas Con. B Bagulo Gold Benguet Con. B BF Goodrich CDCP IncoB LandoU Le panto B Marlnduque B Meralco Oriental A Oriental B Phil Overaeu PhllexA PhllexB PIcopA PlcopB Pioneer PLDT Podco B Potel San Miguel A San Miguel B Sea
      90 words
    • Article
      Jo'burg
      398 8 GOLD SHARES on Monday were mostly lower an the stock exchange In small volume reflecting a general lack of Interest. Selective issues, however, gained up to 30 cents. Mining flnanclals followed the trend In producers. De Beers gained five cents to 780 while Anamlnt was 100 cento lower at
      398 words
    • Article
      Selected indices
      65 8 FINANCIAL TIMES INDUSTRIALS Monday 524 3 Friday 517.0 Week Ago 493.4 DOW JONES AVERAGE INDUSTRIALS Monday 907.74 Friday 907.74 Week Ago closed LONDON DOLLAR PREMIUM Monday 96% to 98*. Friday 92* to 92% H.K. HANG SENG Tuesday 689 31 Monday 680 91 Week Ago 892.28 SYDNEY INDUSTRIALS Tuesday
      65 words
    • Article
      Frankfurt prices remain firm
      393 8 EUROPEAN MARKETS FRANKFURT share prices on Monday eloMd higher, continuing the firm trend of late last week. Bourse sources said In banks, Bayerlsche Verelnsbank climbed six marks following bourse reports that the bank la planning to raise Its capital shortly. Dresdner Bank was four marks higher,
      393 words
    • Article
      Frankfurt
      205 8 8 KPT 11 Dm Aef-Telefunken S3.10 1.5 Akso 31 90 ♦0.3 Alls Leben A1U Vera 514 BA8F 141 ♦06 Bay H T Wbtnk 295B Bay Vbank 341 Bayer 143 10 ♦0.9 BBC 300.70 -0.3 BMW 228 ♦0.2 Casaella 425 Chem Verw 285 -1 Commersbank 232 SO 1.6 Conil Oummi
      205 words
    • Article
      Milan
      104 8 SEPT II Lire Ante 107 75 -2 25 Assoc Oen ***** -340 Bastogi 430 -44.5 Central* 4951 102 Flat 2318 103 Finslder ISO -8 Oen Immob 75 25 -0 75 IF1 Prl 2550 +85 Ilalcementi ***** 100 I taigas 803 I Italslder 355 -21.5 Magnetl M Pf 495 -I
      104 words
    • Article
      Paris
      243 8 SEPT 11 Fn CORBEILLE BSNOervali Danone C8F<Thotn*>nCaf) Ml 31S +9 Cle Francalse deiPetroles Compafnle Financier* Compagnle Qenerale Credit Foncter De France Hachelte (Ubrairte) Machine* Bull 130.90 395 389 >41 31.90 1.7 ♦2 1.1 ♦3.2 Mlchelln(B) 1330 Parlbas 186 SO Pechiney Cl(lne Kuhlmann 96.50 Peugeot 4(7.90 Philip* (NvOem Bent) 50.00
      243 words
    • Article
      Amsterdam
      202 8 SEPT II Fls ABN 384 50 4-4 5 Ahold ***** 1 Akro 3100 ♦0 1 AMEV 92.00 4-2.7 Amfas 116.50 -0.2 Amrot Bulk 84 20 ■*-0.6 Bergoss 60.00 unch Berk ***** 4-1.5 BoU 79 70 4-1.2 BorsumiJ 171.00 •I Burhmann 76 00 4-0.7 Byenkorf 100.10 4-1 Calve Delft 176.00
      202 words
    • Article
      Toronto
      210 8 SEPT II O I Abttlbt 18* Alcan 39 Algoma 24* Bank Mont 23 unch Bank Nov* ScoUa 21* Bell Tel •ow Beth Corp BP Can Ltd 18'* Brascan 17* Camp Red Lake 42* -1* Can Imp Bk 28% Canpac 25 •f* CanpacInvPl 16B unch CarllngO'Keefe 4* unch Comlnco SOS
      210 words
    • Article
      Brussels
      92 8 SEPT II Fr« 47FORWARD MARKET Acec 431 11 Arbed 2390 unch Astur 780 58 Br a.so an 498 23 Bru-Lamb 1580 +5 Canpac 690 32 Cock 476 -1 Df Beers 230 -> Ebes 2320 +25 Electrobel 6840 -80 Gb-Inno-Bm 2350 20 Oev 1480 40 Hobok 2880 +80 Petro 3865
      92 words
    • Article
      CHICAGO BOARD OPTIONS
      1753 8 September 11 CHICAGO Board Options Exchange volume expanded to 184,790 contracts on Monday from 145,301 last Friday. OPTIONS OCT JAN APL STOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am Bank Am
      1,753 words
    • Article
      Lower prices aid market
      1192 8 NEW YORK STOCKS showed fractional gains in active trading on Monday as they continued to benefit from a drop In August wholesale prices and a fall In the US money supply. But analysts said there was disappointment when profit taking set in fairly early and the
      1,192 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      193 8 Mathematics and Statistics in Penguins Statistics in Action: Peter Sprertt This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics
      193 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Tosco fights it out with Ashland
      981 9 N.AMERICAN NYT JUST two years after Tosco took over Phillips Petroleum's valuable refining and marketing operations on the west coast, Tosco finds Itself In court trying to retain them. It was In 1976 that Tosco, an acronym for the Toshale Corporation, acquired the divested
      NYT  -  981 words
    • Article
      Lock icon Strong first quarter boosts Heinz confidence
      315 9 Reuter H.J. HEINZ Co said it is optimistic about prospects for the balance of fiscal 1979 and that first quarter results provide a strong base for efforts to achieve higher sales and earnings. The company reported earnings for the 1979 fiscal first quarter ended
      Reuter  -  315 words
    • Article
      Lock icon EXXON STOPS FG-2 WELL DRILLING
      136 9 Reuter EXXON Corp said drilling of the FG-2 exploratory well 200 km offshore French Guiana was terminated with no indications of oil or gas. Exxon said the well was drilled by its Esso Exploration Guyane Sari affiliate which Is operator in association with Elf Aqultaine,
      Reuter  -  136 words
    • Article
      Lock icon Energy Conversion, Burroughs accord
      718 9 NYT EMERGY Conversion Devices Inc announced it had signed a Joint licensing agreement with the Burroughs Corp for a socalled non volatile memory device that, if successfully exploited, could eliminate the loss, in certain appll-' cations, of computer data in power failures. To provide for such
      NYT  -  718 words
    • Article
      Lock icon Arlen Realty sees loss of US$100m for the year
      551 9 NYT THE ARLEN Realty and Development Corp, parent of the Korvettes department store chain, said that its write-downs would be about US$lOO million for the fiscal year ended Feb. 28. As a result, It expects to report a loss of $100
      NYT  -  551 words
    • Article
      Lock icon Massey-Ferguson hope
      208 9 Reuter MASSEY FERGUSON Ltd expects to reach a break even point in operating results in the fourth quarter of 1978 before extraordinary items. Its deputy chairman and chief executive officer Mr Albert Thornbrough said the outlook for sales In the fourth quarter is relatively flat, but "we expect
      Reuter  -  208 words
    • Article
      Lock icon INCO WOOS WORKERS WITH NEW PROPOSALS
      110 9 Reuter INCO LTD has made another contract proposal to workers at Its Sudbury and Port Col borne, Ontario nickel plants. A union spokesman said the larger union local at Sudbury will be setting up a series or meetings to explain the new proposal to
      Reuter  -  110 words
    • Article
      Lock icon Dow Chem. to raise dividend
      61 9 Reuter DOW CHEMICAL Co said directors voted to raise the quarterly dividend to 35 cents a share from 30 cents, payable Oct 30, on record Sept 30. The company said previously it expects third and fourth quarter earnings to exceed last year's second half to
      Reuter  -  61 words
    • Article
      Lock icon GULF AND WESTERN
      69 9 Reuter GULF and Western Industries Inc's natural resources group has Withdrawn from a proposed project to build a sine refinery in Ireland. This followed a decision to put less emphasis on foreign projects and concentrate on day-to-day operations of existing businesses, he said. The group also has
      Reuter  -  69 words
    • Article
      Lock icon Amev boosts first half earnings
      320 9 FT HELPED partly by the acquisition of Time Holdings, the Dutch Insurance group Amev has increased first half net profit by 31 per cent to Fl4l million for the first half of 1978. However, the company confirms that profit for the whole of this year
      FT  -  320 words
    • Article
      Rhone Poulenc buoyant
      174 9 PARIS: Provisional group first half 1978 net profit at Rhone Poulenc SA came to 150 million francs (96.8 million). The result takes account of smaller losses in the textile sector than the 250mllllon francs In the same period last year, and exceptional factors, Including effects on monetary
      174 words
    • Article
      Lock icon Japanese steel firms forgo payouts
      118 9 Reuter NIPPON Steel Corp and four other major steel companies have separately decided to forgo Interim dividend payments for the first half-year ending this month. Nippon Steel said the others include Sumitomo Metal Industries Ltd, Kawasaki Steel Corp, Nippon Kokan Kalsha and Kobe Steel Ltd.
      Reuter  -  118 words
    • Article
      Lock icon USI Far East
      59 9 ATP THE UBI Far East Corporation will export 1,000 tonnes of low density polyethylene (LDPE) to Japan shortly. This will be the first time that Taiwan exports this raw material to Japan. The company has an annua* production capacity of 140,000 tonnes. It has been exporting the
      ATP  -  59 words
    • Article
      Lock icon BICC turns in £28m pre-tax at mid-term
      264 9 EUROPEAN Reuter BICC LTD said Its pre-tax profit came to U27.97 million (t'23.83 million) in six months ended June 30. Sales were L' 500.6 million (1512.8 million) and interim dividend 2.5p (2.25p). Earnings per share at 7.91p (6.34p) and tax £13.23 million (1'11.06
      Reuter  -  264 words
    • Article
      Lock icon PAY DISPUTE MAY DELAY CHEVRON PROJECT
      113 9 Reuter START-UP of production from the North Sea Nlnian Field's central platform could be delayed because of a pay dispute between subcontractors and construction workers, operator Chevron Petroleum UK Ltd, a Standard OH Co or California subsidiary said. Between 450 and 500 men are
      Reuter  -  113 words
    • Article
      Lock icon Fiat holders approve new subsidiary
      198 9 Reuter TURIN: Fiat Spa shareholders approved plans for the incorporation of Flat's 100 per cent car subsidiary Lancia Spa and for the creation from Jan. 1 next year, of an independent car subsidiary to complete the transformation of the Fiat group under the control of
      Reuter  -  198 words
    • Article
      Lock icon Esso Eastern oils its stake in Japan
      302 9 ASIAN Reuter JAPAN'S General Seklyu KK has reached basic agreement with Esso Eastern Corp, a whollyowned subsidiary of Exxon Corp of the US for Esso to acquire a 49 per cent Interest In General Seklvu. Genera) Seklyu will Increase its capital from the
      Reuter  -  302 words
    • Article
      Data General stake in Nippon
      156 9 DATA GENERAL has reached agreement In principle with shareholders of Nippon Mini-Computer of Japan under which the US company will acquire a 50 per cent Interest In Nippon. This will be in exchange for granting It an exclusive licence to manufacture and sell Data General
      156 words
    • Article
      Lock icon Algerian bank signs 5b yen contract
      196 9 BONDS&LOANS Reuter CREDIT Populalre D'Algerle (CPA), the Algerian state-run development bank, will sign a contract In Tokyo early next month for a five billion yen syndicated loan from a froup of 11 banks including 'okyo branches of nine foreign banks. Tokai Bank Ltd of
      Reuter  -  196 words
    • Article
      Lock icon Pemex gets US$50m credit
      115 9 Reuter PETROLEOB Mexlcanos (Pemex) has signed an agreement for a US$5O million export credit facility guaranteed by the British government's Export Credits Guarantee De* part men t. Baring Brothers and Co Ltd. which arranged the credit, said the facility will finance the purchase of equipment for
      Reuter  -  115 words
    • Article
      Lock icon AUSTRALIA
      32 9 Reuter DEUTSCHE Bank AO confirmed as lead manager the 10-year 6 per cent Eurobond for Australia has been boosted to 250 million marks from 200 million and priced at par. Reuter
      Reuter  -  32 words
    • Article
      Lock icon El Salvador issue
      71 9 Reuter EL SALVADOR will launch in the next three days, a US$25 million five-year floating rate loan at H4 per cent over London interbank offered rates and minimum rate at 8 per cent. Banque Natlonale De Paris as lead manager, said El Salvador Is also negotiating to
      Reuter  -  71 words
    • Article
      Lock icon Saskatchewan C$75m note
      53 9 Reuter SASKATCHEWAN has made a Cs7s million issue of 9% per cent bonds maturing Oct 2, 1987, priced at 99.70 to yield 9.30 per cent. A government spokesman said the offering was managed by a syndicate headed by Dominion Securities Inc. A.E. Ames and Co Ltd and
      Reuter  -  53 words
    • Article
      Lock icon Cornwall Tin due to submit ideas
      117 9 Reuter CORNWALL Tin and Mining Ltd has completed its survey of Wheal Jane flu mine In Cornwall, England and is expected to submit proposals for operating the mine to the UK Department of Industry shortly. A department spokesman said the company held preliminary discussions
      Reuter  -  117 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      36 9 a division of PERKINELMER helping people the world over succeed with computers Let us help you, write or call: Perkin-Elmer Data Systems (Far East) Private Limited 30th Floor. UC Bmldtnq. Shenton Way. Singapore 1. Tel *****49
      36 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      Government bonds
      119 10 4 1/2% 1/8/89 (250.000) (99.588 99 608) 4 3/4% 18/9/88 250.000) (99.958 100 058) 5% IV4/81 (250.000) (100.M)B 100.208) 5 1/4% T F IWBI-84 250.000) (102.358) 7% 1/8/88 250.000) (U00.708 100.858) 7 1/4% 18/4/88 (250.000) (100.75B) t 1/4% 18/18/88 (250.000) (100.75B) 7 1/4% 1/8/87 (250.000) (100.70B) 5 3/4%
      119 words
    • Article
      Stock options
      42 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yester- day with tne number of options traded shown in brackets. Si me Darby (Sept. $2.00) (2.005)
      42 words
    • Article
      In Singapore
      1607 10 BID and offer prlcM officially luted and business in and reported to the Stock Exchange of Singapore yesterday with the number of Mares traded •Down in bracket* in lota of 1.000 unite anises otherwise specified. AH Time Settlement Contracts are quoted after the word "sett." Big Board deal
      1,607 words
  • Article
    SHARE INFORMATION SERVICE
    2522 10 1978 High Low Company Last Sale +orGr'« Dtv Div C'tt Gr't YTd Net P/E Vol (••00) Day High Low SECTION ONE >• INDUSTRIALS 272 238 178 219 275 111 276 326 245 660 132 123* 112 133 195* 60 V, 162 173* 140* 256 Ac ma Alcom
    2,522 words
  • Article
    Unit trusts
    145 10 SINGAPORE UNIT TRUST iMiupn prices for Sspf U> The Commerce 2.31 2 .66 The 8m vine Fund 1.S6 166 S'pore Prof Fund 1.10 1.27 8'pore Security Fund S.U 2 24zd 8'pore Invest Fund 1.46 1.96 ASIA UNIT TRUST (M—S—' prisss far Sap* IS) Mai Invest Fund 2.39 2.71
    145 words
  • Article
    In Kuala Lumpur
    1716 10 BID and offer prices officially listed and business 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. inowsthials A|tnamata i 3 008) At—m (2.508) (1) 1.43. A Chaa (1
    1,716 words
  • Article, Illustration
    Prices take a knock
    741 10 SHARE prices cum tumbling oa tbe Stack Exchange of Singapore yesterday with •oiling right across the board. lids prompted much talk of a correction among brokers who said they would like to see a sharp dip to shake ont the weak holders. However, after the lunch
    741 words
  • Article
    KL sentiment slips further
    705 10 PRICES retreated sharply and broadly for the second consecutive session on the Kuala Lumpur stock market yesterday as sentiment deteriorated further in the wake of the proposed introduction of margin trading on all settlement contracts across the Causeway. The New Straits Times industrial Index, reflecting the
    705 words
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  • COMPANY NEWS
    • Article, Illustration
      Metro Holdings improves its liquidity
      1097 11  -  »y ARTHUR NG MORE efficient stock management coupled with the monies received from the sale of its properties have enhanced the liquidity of Metro Holdings. The Just released annual report reveals the group has al the year-end nearly wiped out its bank borrowings and even
      1,097 words
    • Article
      DIVIDENDS ANNOUNCED
      336 11 Curron paymei t Ex it Date Booka cloee Date payable Total for the year Total for provioua year UOB AJraHMfi Bat* Paper Prod 8*1 Prop Highland! and Lowlandi Ptrlli Plant M'wata Sol Dredge JC-MPH Inch Kenneth Harper Gilf Metro lat Wood Car taken KLKopoag OCBC Apollo HumeM Guthrie
      336 words
    • Article
      SCRIP ISSUES
      154 11 Company hrlinUn Ei Dote luti c SntoftA Great Eastern Life M Tobacco RaUuuu Ctrlitei Maiaa Fmilk Synthetic Reeiaa Fiber Merlin Bonus issue of 1 for 4 Bonus issue of 1 for 2 Bonus issue of 1 for 1 Bonus Issue of 1 for 4 Bonus issue of 1
      154 words
    • Article, Illustration
      Investment again lifts Straits Trading
      520 11  -  ■y SUSAN THAM THE strong growth in investment Income was once ag%ln the main Impetus to the overall 26.7 per cent increase In Straits Trading's profits for the urst six months of the current financial year. Group pre-tax profits rose from $16.87 million to $21.37
      520 words
    • Article
      COMPANY MEETINGS
      245 11 ALEXANDRA Holdin«s Ltd: AGM to be held at 15th Floor. Rooms 1511/ 1512. Shlng 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 Cbia-MPH Ltd:
      245 words
    • Article
      St. Piran makes plans to consolidate interests
      754 11 SAINT Piran has made detailed plans to consolidate Its interests in Malaysia and Thailand during the past financial year. This was done with a view towards increasing future profits from the Far East an area in which chairman W.J.R, Shaw says in his
      754 words
    • Article
      Exchange move healthy for market
      322 11 SEVERAL stock broker* in Kuala Lumpur welcome the move by the Stock Exchange of Singapore (SES) to check excessive speculation in shares, and said it would lew! to a healthier market in both countries. They were commenting on the SES decision to introduce a 20
      322 words
    • LATEST RESULTS
      • Article
        FANCY Tiles Works Bhd:
        52 11 Unaudited trading profit M 5433.361 ($359,865), six months ended June 30. Sales $4.91 million ($4.08 million). Trading profit increased 20 per cent compared with the corresponding 1977 period, mainly because of higher sales and continued cost control improvements, company said. Profit In the second half will
        52 words
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      Page 11 Advertisements Column 1
      36 11 The LIFE i r Library Of Photography helps you to see great picture possibilities -all around you... 0^*0? ik ii 1 m m •TP DMributora Sdn Bhd B-4 International Building Orchard Road, Singapore 9 Tal: *****88/*****1
      36 words
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  • Article, Illustration
    Yamani favours oil hike every 3 months
    630 12 SI UOI ARABIAN Oil Minister Ahmed Zakl J Y*manl has said oil prices •ahould be allowed to lngradually every three months or so, the Japanese *fr£ wa *g«ncy Kyodo Deported from Talf, Saudi './ta&bia, yesterday. '.Jphelk Yamanl indicated the need to leave oil
    630 words
  • Article
    Ex-Hong Leong GM testifies
    288 12 *< Jfc DISTRICT court yesterday heard that a former jates executive of Hong Holdings, charged Jtrith criminal breach of ♦rust, had told the former jeheral manager of the {company that a payment 4nade to her was a loan. The former general Manager, Mr. Donald £>traw, said
    288 words
  • Article
    Forward tin breaks £ 7,000 barrier
    173 12 Forward tin breaks 7,000 barrier FORWARD tin prices burst through the €7,000 (3130,000) a tonne barrier fc£ the first time on the Lsdon Metal Market on fcMnday, eclipsing previous pffcks established last December. Reports of West Asian tuning were circulating as Mirge tonnage were being Shipped out of the market's
    173 words
  • Article
    Lock icon Asean maintains open-door policy on membership
    279 12 Reuter IT IS poeeibio for Inierhtaoeo countries to join Amu, the Secretary General of Aeeaa, Detail All Me Abdullah, said fat Jakarta yoolorday. "Aeeaa welcomes aay country la the region wishing to Join it. I think politically they (Indochineee countries) can," Detuk All said.
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    Lock icon Japan, China set trade agreement in motion
    769 12 Agencies JAPANESE and Chinese trade ministers on Monday agneed to expand trade set under a long-term agreement between the two countries. A Kyodo News Service reported from Peking that the agreement was reached between Japanese Minister of International Trade and Industry Toshio Kohmoto,
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      163 12 AVAILABLE EXPAT PRODUCTION MANAGER FOOD TECHNOLOGIST with considerable experience in food industry seeks fresh assignment at the end of present contract. Reply to Business Times Box No. 1955 No. 1. NEW INDUSTRIAL ROAD SINGAPORE 19 IT PAYS TO CONSULT INDCBUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we
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      3 12 SEE PAGE 6
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    SHIPPING TIMES
    2336 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 of arrival and departure from Singapore port. f Consortium* SeaaDutch has Joint aervice arrangement
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      334 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA ANDCANADA Agents: Barter Lines Singapore Pie Ltd Tel: ***** Harrisons I Croslield Kuala Lumpur Tel: *****/S9 Pernas-MISC Penang Tel: ***** SHIPPING I Z2 SANK YO LINEI GENERAL AGENTS OCEAN SNIPPING ft ENTERPRISE PTE LTD SUB AGENTS SINGAPORE TEL *****44/7 ft *****70 P KELANG HARPER
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      453 13 THAI AtAKWe LMf "nto*** REGULAR SCHEDULED CONTAINER FEEDER SERVICE BETWEEN SINGAPORE/BANGKOK umcum SINGAPORE KITI SRMRTV.IS IMMm 13 S* HSa* KITISMWTVI9 17fcpt lfla* *2S«t 23S«*l UTtSMMTV.M MWm«l 1 Oct 2 Od BOOKINGS ENQUIRIES OCEAN SHIPPING t ENTERPRISES PTE LTD 21ST FLOW. MARINA MOUSE SHENTOH WAT. TRANS-CLINE E «press tuii container service
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      404 13 PT\ ALFRED C. TOEPFER GMBH REGULAR SERVICE TO MEDITERRANEAN PORTS OF ITALY, SPAIN, FRANCE S'pcft P.Kitenf Dncharfinf Pprta m.». Ol NOUSSIAN MAIDEN 15 Oct Salerno, Moflfatcooc Naples. Trieste. Ma BURDEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP 1 U.K. ACCEPTING THROUGH BILLS OF LADING TO MAIN U.K. DESTINATIONS Ciui«u t
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      443 13 ANHSINI •EGULAR SEMI-CONTAtNER/ LINER SERVICE S port P Kaiaftf Ptnanj Loadinf tar UNION AUSTRALIA In Port SiW MMi UMMJOOMN 17/19 S«p( MM M MIMS 21/23 Sapt- ioMafc UNION AUSIU S/ft S«pt— KxXniynt Mun( LORD STEAMSHIP CO. S.A. TAIWAN/STRAITS/TAIWAN EXPRESS LINER SERVICE LMtfitif for Port K«Uft|, Pim* lU^bUmwi S PQ|£ KELANG
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      80 13 &_!*.)^:(]<)/<-.^<+`_(~-"(/~>}. NOTICE ANNOUNCEMENT MITSUI O.S.K. LINES, LTD. 9 s have pleasure announcing the APPOINTMENT OF PSD SHIPPING SENDIRIAN BERHAD to be their Agents in WEST MALAYSIA AND HARRISONS A CROSFIELD (SABAH) SDN BERHAD HARRISONS CROSFIELD (SARAWAK) SDN BERHAD in EAST MALAYSIA and HARRISONS CROSFIELD (BRUNEI) PTE LTD in Brunei with
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      784 14 JjCHapag-Lloyd 17/9 2/10 FULLY CONTAINERISED TO EUROfE rxHWTS S'pm -s, Ttfcpß* 20/9 22/9 12/10 14/10 15/10 18/10 Imttm 26/9 2S/9 19/10 21/10 22/10 24/10 3/10 5/10 26/10 21/10 29/10 1/11 atr«K<irt«» 11/10 13/10 1/11 3/11 4/11 (8/11) Onto lay 19/10 21/10 10/11 12/11 13/11 15/11 Bomnn 27/10 ***** 19/11 21/11
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      642 14 :H§! barber blue seal From: US ATLANTIC US GULF ft EAST CANADA Ned InM "MENESTHCUT lON 1.2/1* U, "TMATWr 29/9." TAI PMK" To: US ATLANTIC US 6ULF I EAST CANADA Sj»h SINGAPORE S*d 16/22 Od J/4 Oct 1/11 Od 14/22 Od 12/14 Sod 39/2 »ovl Od 25 )••«< Od 30
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      630 14 r, LAND <4 U.S.A./ ASIA SERVICE NT REFRIGERATED CONTAINER SERVICE SAILING EVERY MEDNESOAY FOR PO*TS ID USA. CANADA. CAfIBNAN. lAPAN. KOREA. TAMM. HONG UK. THAILAND AND PHILIPPINES VESSEL/VOYAGE WORLD LION V 8 WORLD TIGER V 9 WORLD LION V 9 WORLD TIGER VlO Vessel Arrives/Departs Sept 14/15 SEPT 21/22 SEPT
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      856 14 Everett Lines Burma Five Star Shipping Corpn. BURMESE NATIONAL LINE LOADING FOR RANGOON A IVUSETTi n/»sn| B.F.S.S.C. Agents in Malaysia: TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel. *****/***** ijLi* Compania Argentina De Navegacion Intercontinental S. A. C. I. fJf "ARGENTINE NATIONAL LINE" LOADING FOK DURBAN. CAPETOWN. BUENOS AIRES
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      467 14 I \K I) I M W I \H m Orient Overseas E FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) I" NEPTUNE COME 90 IU CHEVALIER PAUL 12* CHEMEIER RO2E 1M IE NEPTUNE PEAB. 11* MERCATOR 8* P ORIENTAL CHIEF 1W H.RON 6 CONTAINER 12* ORIENTAL RESEARCHER < S pan P
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      1164 15 QCL Overseas Containers Limrted J\ iOma T» MLXMTIKT: TUT* UT kmlni CARBIUN UT cm tf EDINBURGH OSAKA UT Muvm NKIWC express KUUMA MARU KOWLOOH UT UEMEH HW$5 H*Wff S tar* P. Kaiaaf Panrk a sept ascot ii act a Sapt a Sept H Oct i Oct i ut a Oct
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      1041 15 Ben Ocean \jant9anc9ofßbnLinaßki9Fbmel(3eriLmeanclNSklO AMERICAN PttSiDCNT LINES k«M| kr Tat, bat Curt mt Mf I p. POLK P. HARRISON P. EISENHOWER P. ROOSIVILT laao UHacftl is sapt 1 Oct (27 Sept) IT Oct 9 Oct) 11 Oct (23 Oct) Taoaat iMptov, Vwmmm K. i Mr MMh mt UK PM m MM
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      791 15 BEN LINE CONTAINERS LIMITED ;l 11 "i SuNmtii Antaorp Oct i ict 7 act i u M h kt n kt II m w II kt II M n kl M kl 11 H*cta*tn«ct imvmi 1 MM Ma» 4 MM I MM) M K MM 12 MM i] MM IS
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      938 15 Scan Dutch V CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA FhMi fro* P Olanf Vessel FRANCESCA tiilH Ml NOOTNAN ELEANORA 11/ 0 NTUMIi FRANCESCA 21/ I Ma irr ILUMit M Kl francesca i/m ielanoia Accef tiaf tar: 1) OarclMaa. (mm 2) A M hrtn mnh acctftiat cat* **r
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      581 15 GUTHRIE BOUSTEAD AGENCIES THE BANK LINE LTD. LUIS FOR LIS. AFRICA tw HIKE (Mauritius. Reunion. Durban. IX, M, Capetown) Kuanten S'pore P. Ke wv| U Pt/TMar UI (Mauritius. Reunion. Durban. EX. P.E.. Capetown) Kuanten 4/( Oct S pore 1/11 Oct P. Kelanf 11/11 Oct ma (Ui ft nvnt vbicj rw
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      946 16 K LINE KAWASAKI KISEN KAISHA. I.TO P. *tb»i IM H*l **2 MfPfWP CfllAi 9W 14 St ft ISSfit 3 Oct 5 Oct S let I Oct II Oct A mi 12W 22Sept 23Stpt 11 Oct 13 let U Oct II Jrt IT let CHEttflp RUE 11* 21 St* II set
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      514 16 S ICtligZ AGENTS JUMABHOV 1 ÜBAICUIIA %CO R JUVABHOV i SONS SONS PT|i IT O j S! H»«t> V SDN BHD Singapore Ko..i- P«r,jp 3 T e( *****6 8 Port Te! JBrt-Oj T®l 91 251 1 S »n«« AFEA LINE Noa Cooforeoce loiopooteot Reply Service SEMI-CONTAINER EXPRESS SERVICE S pan
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      1065 16 i NEPTUNE ORIENT UNES LTD -FULLY CONTAINERISED SERVICES: i mm tra aoS pore P. Kci»( S hwptm Nbarf Brew B'dM lEPTUNE CORALt 14 Sift IS Sept 1 let S Oct I let I let MEVALIER PAOI asm nsift ||(t Ukt Hkt Mkl MTV All El RUE 21 Stpt 30 Stpt
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      353 16 r-*-i MAI*YSJAN INTERNATIONAL SHIPPING CORPORATION BfPHAD PCPWEBB FULLY CONTAINEIVSED SERVICE TO/FRO* HED/UK/COHTWEMT/SCANOINAVIA Mllll). L M S'para. EXPRESS CONVENTIONAL SERVICE TO U INCONTINENT If Man, s'pore P Aelanf Penanp MIUTI "It MELATI Part IS/11 Sept Hburg 9/10. Carft iflor 12 10. Bdam 17/10, Bmen 21/10. LpoOl 26/10 Tt 21/24 Sept 2S/2S
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      822 16 INTRASEA (PTE) LTD f »►>♦» Houv .UL S "ic;.o iuLI t t ntuTi wit nobasia woia •NT SOH/mi CONTAINER SERVICE TO EOHPE Spore P. Kelanc Peaax la*« Mr: 25 Sept II Sept Sept H'kurg R'Wa/A'werp. 4 Oct I Oct s naniptoa/Blaraciiies/ R'dam Ntwt. 11 Oct 3 Ott I Ott Ml
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