The Business Times, 28 September 1978
1978-09-28
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The Business Times
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Title Section11 1978-09-28 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, SEPTEMBER 28, 1978 50 CENTS11 words
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BRIEFLY...
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Article95 1978-09-28 1 AFP. KUALA LUMPUR, Wed. This year may well be a "boom year" for tourism In Malaysia If the present flow of tourists from the Asean countries, Japan M as well as Australia, Europe and the United States, is sustained. The Tourist Development Corporation (TDC), in its latest issueAFP. - 95 words
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Article59 1978-09-28 1 Reuter. WASHINGTON, Wed. The US foreign trade deficit narrowed to US$l.62 billion (553.6 billion) last month after a shortfall of $2.99 billion in July. the Commerce Department announced today. The huge improvement in the US trade figures immediately boosted the dollar's value on the world's foreign exchangeReuter. - 59 words
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Article66 1978-09-28 1 KUALA LUMPUR, Wed. The Federal court today upheld the conviction of Tan Sri Tan Hian Tsin. former chairman and managing director of Folex Industries Bhd, and confirmed a five-year jail sentence imposed on him for misappropriating M 5200.000 belonging to the company. He was found guilty by the66 words
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Article88 1978-09-28 1 UPI TAIPEI, Wed. Taiwan is expected to register a 13 per cent economic growth in 1978, far surpassing the government's target of 8.8 per cent, the United States embassy here predicted. The forecast was contained in a semi-annual report. It said export gains reaching 33 per cent inUPI - 88 words
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Article53 1978-09-28 1 UPI. SEOUL, Wed. The South Korean government will impose a blanket ban on foreign loans of less than US$lO million (Ss23 million) beginning next year, an economic daily newspaper reported. The Hyundae Kyungje Übo said the move was prompted by the increasing foreign exchange reserves held byUPI. - 53 words
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Article68 1978-09-28 1 Reuter. WASHINGTON, Wed. The US Agriculture Department said the expected record US and world rice crop in the 1978-79 season will result in a continued high level of trade, but declining prices. In a summary of its Rice Situation Report, the USD A said a record pace ofReuter. - 68 words
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Article57 1978-09-28 1 UPI. JAKARTA, Wed. Twenty-five Indonesian trading companies will take part for the first time in the 1978 Atlanta trade fair in the US, from Oct 15 to 19, the export development coordinating body said today. Indonesian displays will Include batik, furniture, rattan, food and beverages, essence oil, timber,UPI. - 57 words
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Article74 1978-09-28 1 UPI. NEW YORK, Wed. Stocks headed higher early today in the wake of the report that the US August trade deficit declined in July. Trading was moderate. The Dow Jones industrial average, was ahead 4.50 points to 872.66 around 1500 GMT. Advances led declines, 720 to 321, amongUPI. - 74 words
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Chief Price Changes
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Article140 1978-09-28 1 Foils Sungei Br»i 580 -50 Dun lop Kst 320 -30 Supreme Corpn 200 -25 Tronoh Mines 660 -20 Shangri-La 470 -20 G 1 HldRs 290 -12 Boustead 246 -11 M Flour 225 -11 Sthn Malayan 970 -10 Carlsberg 590 -10 Tan Chong 286 -10 S P Textile140 words
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Article, Illustration146 1978-09-28 1 Rises OCBC 9.00 .35 CandC 5.35 .30 SI m« Darby 3.46 22 Consplant 1.98 .20 Pah. Con 2.04 .1# Gentlng 3.52 .18 Hi and Lo 3.38 .14 S Dredge 4.14 .14 Haw Par 1.95 .13 DBS 4.42 .12 Sim Lim 1.25 +.10 Foils MAA 1.50 -.20 Sg.146 words
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Article566 1978-09-28 1 OPINION THE LATEST attempt by the Stock Exchange of Singapore to set up a manual system of scrip clearance on .a centralised basis is a weak attempt at clearing the administrative meas which has clogged the system in every major bull run. So far, the wise566 words
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Article865 1978-09-28 1 ARTHUR NG - By ARTHUR NG THE LOCAL stock market yesterday received a much needed shot in the arm on news that the Kuala Lumpur Stock Exchange has taken the first concrete step to curb the excessive wave of short selling. A directive has now been issued865 words
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Article, Illustration895 1978-09-28 1 SOH TIANG KENG - I SOH TIANG KENG THE Singapore economy will grow by about 8 per cent this year despite sluggish conditions In industrial nations. Manufacturing, transport and communications will provide the main impetus for expansion. This is the forecast of the Monetary Authority of895 words
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288 1978-09-28 1 SINGAPORE scientists are gaining Increasing employment In ihe private sector, with manufacturing Industries absorbing larger numbers of the scien-tifically-trained. Scientists employed in manufacturing have Increased 64 per cent in the last three years, and the higher demand has raised the median salaries for all288 words
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465 1978-09-28 1 SINGAPORE has strongly expressed its concern over the prospect of cheap air fares between Australia and Britain that exclude Asian stopovers. Australia's Minister for Special Trade Representations, Mr. Vic Garland, said yesterday. Mr. Garland, at the end of two days of ministerial talks in465 words
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Article77 1978-09-28 1 THE MINISTRY of National Development has granted planning approval for 143 new development projects totalling $664.4 million in Investment" for the second quarter of this year. Although the number of projects increased only marginally, by 15, In terms of Investments. It Is nearly doubled in volume compared to77 words
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Page 1 Advertisements
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Advertisement12 1978-09-28 1 Samson ite creates OMEGA From the sieekj m m *B*Samsonite Eastern Aqenctes12 words
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Advertisement70 1978-09-28 1 SHIPPING TIMES MALAYSIAN-a Mumbled psssns 'jSSXmm GREENUGHT for UK to join AWw» consortium PSA to ia«Mt $B.Bm to port MEMOPAD 2, CROBSWOBOB WORLD Book pr—id—it Attack* protectionism I YET another borna issue from Tasek Cemont 11 HEALEY calk far mm IMF itratefiei 12 NEW sckeme to strsßgtkea American dollar? 1270 words
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Advertisement80 1978-09-28 1 /)&/-$!~{=;[`(,|{`*?|~)^%:[;>}/ Leader Page 6 See Page 7 impossible to have a tape that always has the right frequency; a head cleaner; jam- free device a,wider felt pad... will change your mind with maxeO tapes you can have all these problems solved plus the hew epitaxial magnetic particle which can really80 words
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TRADE AND INDUSTRY
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Article, Illustration224 1978-09-28 2 THE APOLLO Hotel will computerise its front office operations when it installs an IBM System 34 in March next year. The computer will improve the hotel's efficiency, said Mr. Tan Boen Hian, assistant general manager of Apollo Hotel. "We have plans to link the.computer system224 words
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Article284 1978-09-28 2 COURSES AND TALKS Sept 1-Oct 6: A practical approach to computerised mgt information system (MIS), SIM, SIM Sept 25-29: Introduction to fire insurance, SITC, SITC Sept 26-Oct 12: Industrial Relations, Holiday Inn, POD. Oct 3: Management by objectives, Hilton, Consulasia. Oct 5-6: Mergers for managers, Hilton, Consulasia. Oct284 words
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376 1978-09-28 2 SLIGHTLY more than half of the massive $70>-mllllon hotel project at Tomllnson Road, developed by Pontlac Hotel, will be funded by a local bank. The managing director of Pontlac Hptel, Mr. Kwee Llong Tek, however, declined to name the bank, adding only376 words
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631 1978-09-28 2 TSANG SAU YIN - B 1 TSANG SAU YIN THE LOCALLY-assembled passenger car market In Malaysia has surprised traders by the big increase In sales for the first quarter of this year compared with the same period last year. Sales in January and March recorded significant jumps,631 words
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Article, Illustration189 1978-09-28 2 Dynascope so easy on the eye VISION Engineering's Dynascope is the "microscope of the future." Instead of the eyepieces used on a standard microscope, the Dynascope has a wide vision screen which allows the viewer to examine specimens for long periods while sitting comfortably. Since the turn of the century,189 words
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158 1978-09-28 2 BUSINESS and commercial papers and professional samples will be accepted for delivery to Belgium under the "Speedpost" service from Monday. There Is no limit to the weight of a consignment, but each item must not exceed 15 kg, the Postal Services Department stated.158 words
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366 1978-09-28 2 JOHN LIM - ■y JOHN LIM SINGAPORE'S first manufacturer of condenser microphone cartridges for use in cassette recorders is expected to start production at the end of the month. Primo Microphones, with about $880,000 Invested in machinery will initially cater to the domestic market. Its customers Include366 words
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363 1978-09-28 2 BESPOKE tailoring of suits i in Singapore is experlenc- ing increasing demand, but It still lags far behind the j suit tailoring centre of the world, Hongkong. Mr Martin Kissinger, overseas sales director of the century-old Wain, Shiell and Sons, one of363 words
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544 1978-09-28 2 MEDIUM and small manufacturers In Singapore should be more realistic and concentrate on the smaller markets which are less demanding In technical and design sophistication. In addition, the demand In these markets may also suit the output capacity of the small manufacturers here. Too544 words
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Page 2 Advertisements
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Advertisement112 1978-09-28 2 Near the new fly-over at Bukit Timah/Farrer/Adam Road junction At 4Vi miles Bukit Timah Road opposite HwaChong Junior College. "M FIRST CLASS RESIDENTIAL AREA SPACIOUS GARDENS Most ideal and luxurious split-level garden houses on hill-top land Treat yourself to the luxuriant greenery and beautiful scenery Refreshing atmosphere with continuous cool112 words
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Advertisement47 1978-09-28 2 IBM 371/131 COMPUTER FOI SALE AVAILABLE IN OCTOBER 1978: IBM 370/138 MEMORY 1 MEGABYTE PRINTER 3203 DISKS 3340 NEGOTIABLE (US$lOO,OOO LESS THAN IBM'S REGULAR SELLING PRICE) WRITE/CALL: CASS M ROLLINS i NS ELECTRONICS (PTE) LTD UOO LOWER DELTA ROAO SINGAPORE 3 W TEL NO *****11 x 23947 words
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Page 2 Miscellaneous
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Miscellaneous658 1978-09-28 2 IMJLL -11-OIE CROSSWORD I CRYPTIC PUZZLE ACROSS 4 Be unhappy as a traveller In the Ea»t (6) 7 Llfce a little town with no heroes, possibly (3-5) 8 Do farm work In a soft water area (6) 10 Saving of the modern era (5) 13 Fruit apt to drop? (4)658 words
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OVERSEAS
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768 1978-09-28 3 Reuter. SWISS National Bank president Fritz Leutwller said the dollar and Deutschemark have fallen "far too far" and will recover against the Swiss franc. Speaking from Washington where he is attending the IMF/World Bank annual meeting. Mr LeutwiJer said "I would pe happy ifReuter. - 768 words
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522 1978-09-28 3 Reuter. BRITAIN'S Price Commission will examine closely wage increases granted by firms applying to increase their prices, commission chairman Charles Williams said. Officials at the commission. which assess whether to allow firms to increase their prices, described this as an important change of emphasis.Reuter. - 522 words
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286 1978-09-28 3 UPI. THE US House of Representatives. reacting to reports of widespread purchases of American farms by foreigners, has approved a Bill requiring foreigners to register farm and timberland purchases with tl".e Federal government. The legislation, approved by voice vote on Tuesday, requires currentUPI. - 286 words
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WORLD IN BRIEF
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Article470 1978-09-28 3 Agencies INFLATION has '•officially" hit China. Two Peking residents wrote a letter to the editor of the People's Daily earlier this month complaining about steep increases in the prices of fruit and vegetables and urging officials to hear the voice of the masses and lower them. THEAgencies - 470 words
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140 1978-09-28 3 Reuter. NEW Zealand'! current account payments deficit, which has been cut to 4 per cent of GNP from 10 per cent in the last three years, should improve further in the current year. Prime Minister Robert Muldoon told the IMFWorld Bank annual meeting this adjustmentReuter. - 140 words
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697 1978-09-28 3 Reuter. US INFLATION has worsened antf there are no immediate solutions. Curbing growth in inflation will be a jlow and gradual process. These points were made by the US Wage and Price Stability. Council director, Mr. Barry Bos worth, to the Financial ExecutivesReuter. - 697 words
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Article122 1978-09-28 3 AFP. THE French government is going to float a loan of three billion French francs (about 551.61 billion) in midOctober, a reliable source said. The new borrowing, the interest rate of which has not been set, is aimed at financing a part of the governmentAFP. - 122 words
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Page 3 Advertisements
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Advertisement39 1978-09-28 3 V v evening. Also to Melbourne four times and Brisbane three i times a week. I& nice to have m&g Please contact your travel agent or British Airways Reservations. Tel: *****4 airways We'll take more care of you BA/AUSI/7839 words
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RAW MATERIALS
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Article520 1978-09-28 4 THE Singapore market yesterday closed quietly steady with October One RSS buyers quoted at 253.50 cents per kilo, unchanged. The afternoon session eased slightly on profittalcing to close at opening levels. China sidelined this afternoon, they added. The morning session closed slightly higher with October One520 words
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Article405 1978-09-28 4 H A S. prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Int. 1 R.S.S. prompt f.o.b. Buyers Sellers Buyers Sellers 252.50 253.50N 251 50 252 50N Int. 1 R.S.S. Oct v 254.75 255.25 253 50 254.00 Int. 1 R S.S Nov 258 50 259.00405 words
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Article107 1978-09-28 4 NOON SSR and SMR prices yesterday: October November HAS (Current Mth) (For -w*rd Mth) Buyer* Seller* Buyer* Seller* (cent* per kg) (cei •t* per kg) SSR 20 (1-ton pallet) 227.00 229 00N 228 00 230.OON SSR 50 (1-ton pallet) 225 00 227.00N 226 00 228.OON MRELB SMR107 words
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Article83 1978-09-28 4 C I F. Ncrth European ports In US dollars per ton unless otherwise stated LONDON Tuesday Previous Malaysia 5% f fa bulk per tonne November Sumatra 5% ffa September October November December January Feb 5% ffa bulk stg 590 sir unq 617". pd 597'>/602Vi pd 585/567 pd 580/562'i83 words
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Article29 1978-09-28 4 Rubber: Sept 27 Singapore: Oct 253.50 cents (unchanged) Malaysia: Oct 258.75 cents (down 0.25 cents) Tin: M 51,850 (down $10) Official offering: 175 tonnes (up 11 tonnes)29 words
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Article315 1978-09-28 4 COCOA prices ended yesterday morning £15 to £10 per tonne down In a turnover totalling 1,784 lots in London. The market closed around the session's lows after steady opening levels had been eroded by trade selling and long liquidation in the near Sept. position. Light commission house stoploss orders315 words
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Article91 1978-09-28 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne. F O B basis Bangkok) White Rice: 100 pet Ist class 402. 100 r:t 2nd class 387.100 pet 3rd class 382. pet 377. 10 pet 352. 15 pet 347. 20 pet 342. 25 pet 332, 3591 words
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Article407 1978-09-28 4 THE Singapore produce market was totally uneventful yesterday. Few deals were transacted through the day and most traders idled. The price for coconut oil eased $2.50 in actual deals done. However, nominal quotes from the Singapore Chinese Produce Exchange showed that coconut oil is still being offered at407 words
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Article165 1978-09-28 4 THE sugar market closed generally easier after moving slightly lower at the opening in quiet trading yesterday. October, however, was 0.11 US cents higher with other months five to ten cents lower, dealers said. Sales declined to six lots. The cotton market closed easier in quiet trading although165 words
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Article199 1978-09-28 4 YARN and cotton in Hongkong dollars, spot exgodown Cotton Yarn China Blue Phoenix 20 s 1.880. 32 s 2.800. 40 s 2.720. (per bale of 400 lbs Pwt Goods China: Butterfly and Globe brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying ®eese unq.199 words
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Article524 1978-09-28 4 ROBUSTA futures yesterday opened steady Cl 3 per tonne lower to unchanged In London. Turnover was 376 lots. Dealers said in a market continuing to be Influenced by the ICO meeting early tradehouse selling was readily absorbed by dealer buying activity. Arablca futures opened dull tradeless and nominally lower524 words
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Article167 1978-09-28 4 CHICAGO soybean futures slipped several cents from highs at the close after proving unable to maintain a late rally on Tuesday. The market closed up 43/4 to 2-3/4 cents a bushel after good local and professional buying in the final minutes was met'by scattered commercial selling. Prices rose at167 words
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Article134 1978-09-28 4 CHICAGO wheat futures traded aimlessly at mldsesslon to stand to cent a bushel higher on Tuesday. Dealings were slim and mixed in the early hours, with commercials and locals both buyers and sellers of small amounts. Traders believed a firmer export outlook provided a floor for prices, and they134 words
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Article334 1978-09-28 4 THE Straits tin price In Penang yesterday fell another Ml 10 per picul to $1,850. Conditions were easier again following London's sharp fall, but support especially from Continental interest was noted at lower levels. Total volume of tin delivered was 175 tonnes against 164 tonnes on Tuesday and334 words
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Article431 1978-09-28 4 SUGAR futures closed £2.75 to C 1.90 per tonne higher in a turnover of 5,192 lots in London on Tuesday. The market continued Its recent firm trend aided by good trade buying, short covering and speculative interest. Trade selling and profit-taking caused irregular movements at times but good support431 words
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Article47 1978-09-28 4 LEAD on Tuesday rose by mostly £2 per tonne in London. The afternoon market was well maintained with Three Months trading up to £371 per tonne during late kerb dealings. The morning market was buoyant on shortcoverlng and some chart support upto £370 during kerb business.47 words
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Article331 1978-09-28 4 COPPER wirebars on Tuesday in London were down 10.5 for cash and £2 for Three Months. The afternoon market was quiet with values softening under small liquidation prompted by a lack of fresh physical demand. Three Months traded down to £753 at the close but hardened on the kerb331 words
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Article198 1978-09-28 4 SILVER was down 0.9 to 1.0 pence per troy ounce In London on Tuesday. The early pre-market sagged reflecting a similar trend overnight at New York but the lower levels found covering and fresh buying interest upto 297.0 pence on the kerb in sympathy with the continued strength in198 words
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Article492 1978-09-28 4 THE kllobar in Singapore opened at 5515,597 and closed higher at 5515,667 yesterday. The highest and lowest of the day were $15,667 and $15,566 respectively. The tone was quiet. Spot gold for London delivery opened at U*****.10/.60 and closed at U*****.86/. 10. T7ie highest and lowest of the day492 words
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Article52 1978-09-28 4 ZINC on Tuesday rose by £6 for cash and £5.75 for Three Months In London. Values advanced further during the afternoon on continued covering and chart buying upto £344 per tonne for Three Months. Some trade covering ana stoploss buying took Three Months up to £342.5 during ring and52 words
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MONEY AND EXCHANGE$
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Article610 1978-09-28 4 SPECULATIVE trading saw the US dollar fluctuating against major currencies on the foreign exchange market yesterday. News of the latest US trade figures, expected to show a deficit, was awaited and fuelled the market's speculative mood. This eventually brought the dollar to close weaker. Against the yen, the610 words
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Article216 1978-09-28 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on Sept. 27: US Do liar (Spot) Offer Bid 7 days 101/4 101/8 1 mth 8 3/4 8 5/8 2 mths 91/4 91/8 3 mths #7/8 9 3/4 6 mths 10 9 7/8 9 mths 10 9 7/8 12216 words
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Article21 1978-09-28 4 THE average rate at which Singapore banks are currently prepared to IMi to their beet customers is 7.25 per cent.21 words
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Article47 1978-09-28 4 RANOE of prlc e» offered by dtaeount houses on Sept 27: Ovemtfht 3N% Call deposits JS* Clirtag 8* Iliac 3-month Treasury Mils 3 9/1# > 3 7/16 3-month Bank bills 6H 6* 3-month CD a 15/16 613/16 6-month CD 7 1/16 615/16 Source: National Discount Co Ltd.47 words
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Article62 1978-09-28 4 THE Monetary Authority of Singapore Invites tenders for Treasury bills as follows: a) (35 million 91-day Treasury bills to be Issued at the option of the tenderer from Oct 3 to Oct 6. b) $20 million 182-day Treasury bills to be Issued on Oct 3 78. Each tender62 words
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Article258 1978-09-28 4 THE dollar yesterday was fairly steady against the Swiss franc after early nervousness and was quoted at 1.4870/ 4900 francs compared with 1.4830/80 overnight, dealers said. Against the mark the dollar was around 1.9442/52 after early easiness compared with 1.9495/ 9505 overnight. The steadier tone followed through from the258 words
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Article229 1978-09-28 4 THE dollar on Tuesday closed substantially higher from its opening levels and above overnight levels in reaction to its previous sharp declines, dealers said. They said there was some early profit-taking, particularly against the Swiss franc, which eased to 1.4810/60 from its opening 1.4570/ 4600 before declining further229 words
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Article128 1978-09-28 4 THE US dollar for overnight delivery closed higher at 189.35 yen yesterday, compared with a 189.00 opening after rising briefly to 189.80 yen, dealers said. Trading volume was a fairly active $607 million. Early dollar firmness followed US Treasury Secretary Michael Boumenthal's statement that he expected the US current128 words
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Article158 1978-09-28 4 THE US dollar yesterday closed lower against Continental currencies and the yen, reversing an earlier strong tendency in active trading, dealers said. Delayed market reaction to news of the US rail strike and influence of the dollar's weakness against the yen contributed to the setback, they said. The dollar158 words
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Article40 1978-09-28 4 FRANKFURT exchanges closing .quotes on Tuerisf US I 047WSS Can I.Wio/so St«l«36/*4S D Fi oitomm S Fr 130 *0/131.96 ut taam F Fr 406/40 Ten IWO/M B Ft (eon) 6 )43/361 B Fr <rmi <r7*/oo« N Kr 37 70/0040 words
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Article37 1978-09-28 4 AUBTRALIA/HZ cxchftn§ei yttltr•Oß dir 1 1570/ 1.1522 SterUnf 0 5000/ O.SSS4 US dtrs 1.1017 bu n US dlrs 1 1545 NEW ZEALJVf D Bterttnc 0 5306/ 0.3)67 USdlr 1 0644/ 1 0544 buy4ntm us dlr 1.0065.37 words
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Page 4 Advertisements
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Advertisement63 1978-09-28 4 I Let Monsieur serves you home cook provincial french food at La Chaumiere. In the comfort of a rust ice surrounding. At lunch or dinner time. Open for lunch from 12.00 pm. to 3.00 pm. and for dinner from 7.00 pm. to 11.00 pm. Bienvenue a Restaurant Francais 234 C,63 words
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TRANSPORT
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Article, Illustration384 1978-09-28 5 THE PORT of Singapore Authority (PSA) has recently ordered SB.B million worth of port equipment to increase its cvgo handling capability in both container and conventional operations. A major portion of this sum is an order for six more transtainers (gantry cranes) for384 words
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Article322 1978-09-28 5 Reuter WORLD shipping leaders failed to agree on a controversial €122 million (***** million) scrap-and-build scheme to end the slump in the industry, shipping sources said. A paper suggesting the scheme for shipping did not receive unanimous support when it was presented to the International Maritime IndustryReuter - 322 words
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Article132 1978-09-28 5 AFP THE US Lockheed Aircraft Corporation has won a contract to supply new wldebOdled planes to the government owned national airline British West Indian Airways (BWIA) In an announcement over the weekend, the government said it is placing an order for two Lockheed TriStar L-500 planes toAFP - 132 words
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Article, Illustration341 1978-09-28 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Chosel Maru (0600) 25/26 Friedrich Engels (after Kota Selamat sails) 8/9 Frotasantos (after Dobrogea) 46 Luding (after Kwangtung) 31/32 Prlmera Peak (1800 after Taiko) 35/36 Straits Hope (0600 20 Trieste (0700 after Taiko) 33/34 Vllyusk (after Kamensk Uraljakly sails) 15/16 PASIR PANJANG341 words
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288 1978-09-28 5 THE president of the Airline Pilots Association (Alpa) has criticised the US Federal Aviation Administration for not pushing development of warning equipment designed to prevent an aerial collision such as one that killed 150 people at San Diego. The technology has been available288 words
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Article91 1978-09-28 5 AP AFP. INDIAN exports of marine F>roducts recorded a signlflicant rise In the first four months of the current financial year, (April-July) with quantity going up by 32 per cent and value by 18 per cent. Exports totalled 25,359 tonnes valued at over 690 million) rupeesAP; AFP. - 91 words
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Article, Illustration358 1978-09-28 5 UPI. FRANCE has dropped its veto against Britain 's participation in the construction of a new European Airbus and the UK will Join the consortium building the jetliner. French Government officials yesterday said their Transport Minister Joel le Theule has given his BritishUPI. - 358 words
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Article228 1978-09-28 5 UPI US grain exports to Japan provided some better pickings for medium-sized bulk carriers In forward-loading positions. Archer Daniels Midland conceded the 15 cents (US) better rate of $11.90 (FIO) to the 53.000-ton Oslo venture for a Nov 1/20 voyage from the US Gulf to Japan. US northernUPI - 228 words
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Article72 1978-09-28 5 Reuter. INCOMING international flights have been suspended in Manila until late last night as tropical typhoon Lola lashed the capital with strong winds and rains yesterday, civil aviation authorities said. Outgoing International flights, however, were continuing, although all domestic flights in and out of Manila were cancelled.Reuter. - 72 words
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Article, Illustration457 1978-09-28 5 SPANISH attempts to break into the high technology field of liquefied natural gas (LNO) tanker construction have received a serious setback. Crlnavls, a private company formed in 1972 with strong Government financial backing and designed to give Spain a place In the important future field457 words
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Article65 1978-09-28 5 TAIWAN has notified International airlines which have landing rights In Taipeh to conduct test flights at the newly completed Taoyuan International Airport beginning next month, the Civil Aeronautics Administration said. An official, quoted by the Central News Agency, said It Is international practice that such notification65 words
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Article637 1978-09-28 5 ARRIVALS Service Local Operator Numbei 1 MAS MH601 0700 KUL MAS MH682 0725 KCH r SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 09^5 PEN/KUL CPA CX710 1005 HLP RBA BI323 1025 BWN OIA OA 980 1030 HLP SIA SQ209 1045637 words
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Page 5 Advertisements
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Advertisement32 1978-09-28 5 I i V/KI& J I Ifw i j i.*~. ss*?« T ZMZSh -jgii Wr-;T^^C^gT«rv■■%■•*■*■;. rryxv i' V, 4V:. -»i*i«s. > >*>, r-* V 4 N 1 <i 0 ■i %4 I w '1 /> Jh+ >.. <*■32 words
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Article327 1978-09-28 6 IT WILL BE a futile exercise by Singapore to attempt curbing the inevitable In this caae, cheaper air fares between Australia and Britain. From her point of view, the development is certainly unfortunate cutting fairly deeply, as it will, into the number of Australians stopping over327 words
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Article252 1978-09-28 6 ANY ANNOUNCEMENT that the Port of Singapore Authority makes on the acquisition of new equipment is always welcome since it demonstrates that it is not merely paying lip service to its professed dedication to modernisation and efficiency, but is as serious about maintaining its position as a252 words
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Article, Illustration2189 1978-09-28 6 At the official opening of the 33rd annual conference of the IMF and World Bank, Robert McNamara, president of the World Bank, made a wide ranging speech which included a strong attack on protectionist policies undertaken by some countries. Here are excerpts from his speech dealing with2,189 words
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Page 6 Advertisements
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Advertisement231 1978-09-28 6 v* i>W> &fy? m MS r V food The rJcire rn Wa `++?,+{>/}{'_[()&@?|){;~,]@')>! Hotel RoyaIRAMADA Newton Road, Singapore 11, Republic of Singapore Telephone: *****1, Telex: RS-***** Cables: HOTELROYAL Indonesian set lunch daily for lovers of spicy food and our speciality I KAN MAS. Try our most-talked about air-flown steaks for231 words
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Advertisement18 1978-09-28 6 EXECUTIVE CHEF: LEO WALDMEIER. MAITRE DHOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 253618 words
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Page 6 Miscellaneous
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Miscellaneous64 1978-09-28 6 IWEKTjHEBI OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showerrs in early morning. Report for 24 hours prior to 7.30 pm on Sept. 27 at the airport: Maximum Temperature 32.9° C Associated Humidity, 61 Minimum Temperature 24.7° C Associated Humidity 100 Hours of Sunshine 9.90 Rainfall in Millimetres64 words
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Miscellaneous275 1978-09-28 6 TrifMiß^mu SINGAPORE 5 3.00 PM Opening announcements followed by Star Performance Detective's Holida 3.30 Diary Of Events (Chinese) 0 3.35 Home Sweet Home with English subtitles (Repeat) 0 A Mandarin j drama serial 4.25' Intermission 6.05 Opening announcements followed by What's My Line 6.30 News in Brief 6.35 The Struggle275 words
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Article, Illustration1186 1978-09-28 7 JOHN TAN - By JOHN TAN SINGAPORE scientists are Increasingly better paid and in the last three years, their median salary rose 28 per cent from 112,124 In 1974 to $15,479 a year in 1977. The largest number of scientists are still engaged in teaching, but their proportion1,186 words
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Article, Illustration288 1978-09-28 7 STAFF at the Shangri-La •> Hotel got their first whiff of Middle Eastern exotica when a visiting West Asian prince stayed there re"•Wntly. He was handing out ~*3oo tips. He also arranged for a special long, elegantly tressed table at the Lost Horizon, feted members of288 words
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Article363 1978-09-28 7 LAI PANG FEE - Letter to the Editor LAI PANG FEE YOUR LEADER of Sept 23, under the beading of "Surveyor#' Idea*" cannot, in fairness to the surveyors, be allowed to pass by uncommented. If one cares to read the article by a correspondent under the heading of "The Presence of Japanese363 words
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843 1978-09-28 7 BRUCE ANDREWS - [FORUM ...0D energy i i •y BRUCE ANDREWS FT IT SEEMS little enough for Ireland to ask. There Is Britain across the water, heading rapidly for oil self-suf-ficiency and with enough coal to last for hundreds of years. There is Ireland, withFT - 843 words
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Page 7 Advertisements
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Advertisement266 1978-09-28 7 to Til HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9. Tel: *****1 t THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1 THE MARCO POLO Tanglin Circus. Singapore 10 Tel: *****1 HOTEL MERLIN SINGAPORE 7500 Beach Road, Singapore 7 Tel: *****11 MING COURT HOTEL Tanglin Road, Singapore 10 Tel: *****3266 words
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Advertisement66 1978-09-28 7 KKM ORCHID INN 214 Duncarn Road, Singapore II Tel: *****2 HOTfcL PHOhNIX SINGAPORE Orchard/Somerset Roads. Singapore 9 Tel: *****6 PENINSULA HOTfcL Coleman Street. Singapore 6 Tel: *****1 RAKKLfcS HOTfcL 1-3 Beach Roud. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTLL 22 Orange Grove Road. Singapore 10 Tel: *****4 SINGAPURA FORUM HOTfcL 585.66 words
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Page 7 Miscellaneous
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Miscellaneous49 1978-09-28 7 Bj*iStc*W: Rurjc Dickens T&LL NOU LOWffI*,JF\SON > P£e.t w pv s\Lvy tnooo TODfVJ L£T US WPyVe some spdct s oeseßve Tms T*<2DV >oommeC... CONFOeKTuv TO eopco Tuts RfMN. meTH»KK« OUR SftaßT IS BSOUT ID ccsmme ft kXL* V4IS HP*slD «EFiCHES OUT wfe.cffe4STne COC...HG.Rp k ,SeS ON£ Poor GO,m\HGo!.l/ k m49 words
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INTERNATIONAL STOCKS MARKETS
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Article265 1978-09-28 8 GOLD shares eased on Tuesday despite higher bullion prices due to political factors concerning the south-west African Issue. Very tattle demand was noted from overseas but there was no heavy selling pressure. Mining financlals were selectively lower In line with producers. De Beers was unchanged at 786 after an265 words
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Article63 1978-09-28 8 FINANCIAL TIMES INDUSTRIALS 514.? Monday 509.4 W?ek Ago 525.2 DOW JONES AVERAGE i.hw INDUSTRIALS TSfesday 848.16 Monday .862.35 Week Ago V. 861.57 LONDON DOLLAR PREMIUM Tuesday 90 to 90 Monday 88 K to 88% H.K. HANG SENG Wednesday 637.77 Tuesday 632.47 ■W—k Ago 642.57 rDNEY INDUSTRIALS .477.98 WdOaMdajr63 words
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Article613 1978-09-28 8 TOKYO THE market was very bullish yesterday, centring on hlghprlced blue chips owing to buying by Institutional Investors and individual Investors. The Nikkei Dow-Jones average recorded an all-time high and closed the day with a sharp gain of 44.35 yen, at 5,738.27 yen, although stocks went613 words
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Article370 1978-09-28 8 Source: SHK Sec FOLLOWING trade figures for August which showed a smaller trade deficit exports rising by 21.1 per cent over 19T7, Imports 39.4 per cent up and re-exports a staggering 42.3 per cent higher the market moved up again yesterday to the top of Its recently set tradingSource: SHK Sec - 370 words
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Article308 1978-09-28 8 Selected diamond stocks moved ahead on the strength of the encouraging news contained in the Ashton Mining prospectus. Magnet gained four cents to 49 cents. Western Queen rose three cents to 30 cents and Golden Plateau added ten cents to Si.2o. Among the leading miners. CRA closed steady at308 words
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Article143 1978-09-28 8 THE market closed firm with uraniums and diamonds particularly active yesterday. Peko added 12 cents to $6.20 EZ Industries, despite Its profit slump, closed ten cents up at $3.10 and Pancontinental added 80 cents to $13.70. SEPT XI Peso* Acoje Mining .0115+0 001 Atlas Con. A Atlas Con. B143 words
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Article231 1978-09-28 8 Sept 27 Baht Bangkok Bunk Bank of Ayudhaya Ltd Thai Danu Thai Farmers Bank Thai Commercial Bank Bangkok Metropolitan Bank Industrial Finance Coq> 308 270 unq 352 780 4,300 2.813 unch unch unch -12 -20 General Finance 312 Bangkok Investment 328 First Trust 306 RaJaFlnan<* 1,210 Lee Kwang Ming231 words
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Article1282 1978-09-28 8 NEW YORK STOCKS pushed broadly higher on Tuesday. In active trading as hopes for a narrowing of the US current account deficit served as the focal point for a technical rally. Analysts said the market was looking for a reason to move higher after two1,282 words
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349 1978-09-28 8 Toronto SHARE prices closed higher on Tuesday In active trading as rising oil Issues triggered a broad advance. The composite Index was up more than 10 points with advances in 12 of Its 14 component KfOups. Gains led losses 370 to 181. The oil and349 words
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Article539 1978-09-28 8 EUROPEAN MARKETS THE PARIB bourse continued generally firm on Tuesday, sustained by stronger Institutional interest. In banks, Locafrance advanced noticeably. In foods BBN and Radar were the leaders and In electrlcals. COE and Thomson were of note Kleber and Mlchelln weakened in rubbers, metals were generally lower,539 words
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Article274 1978-09-28 8 SEPT 28 FYs CORBEILLE Air-Liqulde BS N Oervals Dunone C 8 F (ThomsonC*fl Cle Franca i* d« Prtroles Compagnie Financtere Compagnle Generate Credit Foncler De France Hachette (Librairie) Machines Bull Micheltn(B) Parlbas Pechlney Clglne Kuhlmann Peugeot' PhlUp* (Nv Gem Bezit) PrintempsSA Khone-Poulence SA Koyal Dutch ...j. SueaCle Finan De)274 words
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Article220 1978-09-28 8 SEPT X FU ABN 374.50 -4.5 Ahold 110 30 -0 9 Akzo 31 40 -0.4 AMEV 90 30 -1.2 Amfas 112.00 unch Am rot Bank 78 60 -1.5 Bergo&s 94 50 •♦■0.5 Berk &4 00 -1.1 Bo Is 76 10 -2.4 Borsumi] 164 00 -2.1 Burhmann 74 70 -1220 words
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Article218 1978-09-28 8 SEPT X Dm Aef-Telefunken 87 40 +1.1 Akzo 28.SOB Allz Leben 703 -7 Allz Vers 529 9 BASF 140.10 -0.2 Buy H T Wbank 205.50 Bay Vbank 341 1.5 Bayer 142.30 -0.2 BBC 304.50 +4.5 BMW 229 *0.5 Cassella 425 unch Chem Verw 28C unch Commerzbank 230 50 1.7218 words
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Article97 1978-09-28 8 SEPT 26 Ure Ante 110 -2 Assoc On ***** -1050 Bustogi 627 -38 Central* 5370 -150 Hat 2860 -170 Finsider 182 -24 Gen Immob 83.50 -2.5 IFlPrl 2641 -159 Italcemenll ***** -1350 Italgos 810 -1» < Italslder 380 -29 Magnet i M Pf 530 -33 Marelll Ere 335 -597 words
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Article92 1978-09-28 8 SEPT Ft* 4-/. 1 FORWARD MARKET Acer 460 -5 ■> Arbed 2465 -15 Astur 772 Bra scan 468 -4 Bru-Lumb 1620 unch Canpuc' 630 Cock 479 -13 Dp Beer* 220 -3 Ehes 2300 -5 Eleotrobel 6830 30 Gb-Inno-Bm 2370 -35 Gev 1468 -32 Hobok 2805 -5 Pt-lro 3790 +4092 words
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Article193 1978-09-28 8 SEPT K Francs ActionsSulsses 200 -4 Aiuxulsar Br 935 -50 AlusulsseReg 430 -20 Brown Boverl Br. 1505 -35 CtbaGelgy Br 830 -85 ClbaOelgyPC MO -20 at* Oelgy Reg 530 -18 Credit Suisse Br 2130 -40 Credit Suisse Reg 408 -1 Elektrowatt Br 1820 -40 George Fischer Br 530 ♦5193 words
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Article1988 1978-09-28 8 September 26 CHICAGO Board Options Exchange volume dipped slightly to 112,126 contracts on Tuesday from 112,506 on Monday. OPTIONS OCT JAN APL STOCK Alcoa 40 5 1/2 6 3/4* UNTRD 45 1/2 Alcoa 45 1 5/8 3 5/8 4 7/1 45 1/1 Alcoa 50 3/6 1 5/81,988 words
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Page 8 Advertisements
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Advertisement167 1978-09-28 8 > i m mm V "5. '4 hi— <*m»iogF» »-g» y.t1118.1 WW Matt, 'A jjj? •4& W m. 'V > iTi V T y r- Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. 4» David Spanier clearly analyses modern167 words
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COMPANY NEWS
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593 1978-09-28 9 r EUROPEAN 4 FT A DIFFICULT first half- year has been experienced by Plantation Holdings in 1978 with pre-tax profits at -£1.27 million against £2.53 million. However, present indications are that the second six months will show a marked Improvement pre-tax profit last year totalledFT - 593 words
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578 1978-09-28 9 A MASSIVE underwriting loss in the first six months of this year amounting to £9 million resulted In the pretax profit of Eagle Star Insurance declining to £18.9 million from £19.5 million for the corresponding period last year. A 22 per cent rise in investment578 words
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Article441 1978-09-28 9 EUROPE'S biggest coffee roaster, the Jacobs AG company of Zurich, suffered a net loss of SwFr 96.2 million last year and is to omit payment of a dividend. The loss, attributed to a fall in consumption and particularly on the important West German market a sharp drop441 words
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551 1978-09-28 9 ASIAN Reuter THERE are grounds for some encouragement in the immediate outlook for Broken Hill Pty Co Ltd ■(BHP), chairman Sir James McNeill said. "Australian manufacturers whojiave struggled with Inflation and poor demand, with inevitable consequences for earnings, now see signs of business activity movingReuter - 551 words
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262 1978-09-28 9 AUSTRALIA'S largest pastoral house, Elder Smith Goldsbrough Mort, raised Its earnings almost 12 per cent, from As9.l million to $10.2 million in the year to June 30. The improvement is still well below the peak earnings of $11.16 million in 1972-73, and came262 words
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Article, Illustration824 1978-09-28 9 PAUL LENDVAI - AUSTRIA'S nationalised companies account for 22.4 per cent of the country's total exports. Faced with a record budget deficit and difficult sales situation, the need for ruthless rationalisation as well as new technologies and growth markets, radical redeployment seems inevitable. Against this background, PA UL LENDVAI inFT - 824 words
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249 1978-09-28 9 CARRIER Corporation rejected an Invitation by United Technology Corporation to negotiate a merger, calling It Inadequate and not In the best interests of the company or its shareholders. But United Technologies said in Hartford, Connecticut, U will make an alternative cash tender offer249 words
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Article91 1978-09-28 9 Reuter. GENERAL Tire and Rubber Co said for the third quarter ended Ang 31, Its net earnings per share came to US$l.29 ($1.24) on net profit of $29.4 million ($28.3 million). Sales were $588.2 million ($514.9 millidn). Net earnings per share for the nine-month period was $3.75Reuter. - 91 words
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Article380 1978-09-28 9 N.AMERICAN b Reuter DEL MONTE Corp said It has agreed In principle to merge with R.J. Reynolds Industries Inc for about US$62O million cash and an exchange of stock. Del Monte said it would become a wholly-owned subsidiary of Reynolds, but would continue to operateReuter - 380 words
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247 1978-09-28 9 Reuter CORAL Leisure Group Ltd, one of London's biggest betting operations, plans to spend US$3.B million for a 20 per cent stake in Hardwicke Companies Inc, a diversified food and leisure services concern. Hardwicke's chairman and chief executive officer, Mr. Charles Stein, saidReuter - 247 words
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167 1978-09-28 9 Reuter DUPONT Co expects net income In the third quarter ended Sept 30 to match or surpass earnings In the previous quarter Of US$l9O.B million or 13.92 a share. A company spokesman said the company's netlhcome in the 1977 third quarter was $143.3 million orReuter - 167 words
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Page 9 Advertisements
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Advertisement162 1978-09-28 9 We can open more doors for you than any other Canadian bank rr Q- J «PB •r J? R* Jx t ,n Open the door of Canadian Imperial Bank of Commerce in Singapore and you have over 1700 branches open to you in Canada. What's more, as well as having162 words
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DEALS DONE ON THE SES AND KLSE
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Article1437 1978-09-28 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of share* traded shown in brackets In lots of 1.000 units unless otherwise specified. AU Time Settlement Contracts are quoted after the word "sett." Bl( Beard deal1,437 words
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Article110 1978-09-28 10 4 1/2% 1/8/80 250.000) (99.528 99 60S) 4 3/4% 15/9/80 (250.000) (99 978 100.05S) 5% IVVBI (250,000) (100. JOB 100.206) 5 3/4% T F IV6/HI-K4 250,000) (102.355) 7% 1/8/85 250,000) (100.708 100.856) 7 1/4% 15/4/8S (250,000) (100 758) 7 1/4% 15/10/ M (250,000) (100.75B) 7 1/4% 1/5/87 (250,000)110 words
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Article2499 1978-09-28 10 Gr'» Gr'i Net 1978 Ltit Div Div Y'ld P/E Vol Day 1 High Low Company Sale +OT- C'VT ('000) High Low SECnON ONE 4 INDUSTRIALS 272 132 Ac ma 235 +3 12.ON 13. 5.1 25.5 9 235 231 238 123* Alcom 234 10.0 2.2 4.2 17.3 1782,499 words
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Article149 1978-09-28 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers prim far Sept 27 8m 28) (Correal p rioaal The Commerce... 2.20 2.34 INCOME BOND IN 1.15 The Saving Fund 1.37 1.45 S'pore Prof Fund 1.01 107xd MARA BUMIPUTRA FUND (Managers' prima for Sept 28) First Bumtputra 3.03 3.08 S'poreSecurlty 1149 words
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Article2013 1978-09-28 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. INDUSTRIALS AlOMtl (2 006) XD. Ban (7) 0.75. Kawat (2.00B). ■HMttn) (7)2,013 words
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Article, Illustration658 1978-09-28 10 THE lone anticipated rebound finally cane. Share prices reacted violently on the Stock Exchange of Singapore yesterday. Most charts had indicated that the market was grossly oversold and that it was due for a rally. When the market opened yesterday, share prices did firm, if only marginally.658 words
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Article837 1978-09-28 10 THE Kuala Lumpur stock market staged a late recovery yesterday on short-covering and buying Interest. Trading during the day was characterised by violent price fluctuations with shares falling steeply one minute and rebounding sharply the next. Overall, however, the trend that emerged at the close was837 words
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COMPANY NEWS
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Article, Illustration713 1978-09-28 11 MANO SABNANI - By MANO SABNANI STOCK MARKETS are notorious for exhibiting excessive bouts of selling and buying and the Stock Exchange of Singapore is certainly no exception. The bulls usually have their turn first, and in this instance, have tossed the Straits Times industrial index more thanChart compiled by Donald F. Sinclair - 713 words
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364 1978-09-28 11 DESPITE efforts to stay above the profit line, Raleigh Cycles (Malaysia) appears to be still losing the race. The company's first-half results have shown a bigger net loss of $271,000 to end June, against a deficit of $<148,000 previously. And although Raleigh364 words
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Article64 1978-09-28 11 SOVRAN Industries is selling its holding of 800,000 ordinary shares of $1 each In Fancy Tile Works to a related company, Malaysia Pacific Insurance, for cash of $1.40 per share. The company appears #> be doing well out of the deal as the current market value per64 words
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Article174 1978-09-28 11 PAN Malaysia Rubber Industries Berhad: AGM to be held at The Asean Room, Holiday Inn, Jalan Pinang. Kuala Lumpur, at 10.30 a.m. on Sept. 28. Pan Malaysia Cement Works Berhad: AGM and EOGM to be held at The Asean Room, Holiday Inn, Jalan Plnang, Kuala Lumpur. at 11.00174 words
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Article484 1978-09-28 11 Current Ex Book* Date Total for Total for payment Date cloae payable the year previous year M'wata 10%TE(b) Aug 24 Sept 6 Oct 16 10% TE 10%TE Inch Kenneth 10%I Sept 19 Sept 29 Sept 29 10% 10% Harper Gilf 5%I Sept 13 Sept 25 Sept 29 5%484 words
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Article152 1978-09-28 11 c«npur Particular* Ex Data Booka Rothmani Bonus Issue of 1 for 4 Oct 16 Oct 28 Carlafeerf Bonus issue of I for 2 Oct IS Oct 28 Trmerloh Bonus issue of one for 6 Oct 6 Oct IS Maian Fwlla Bonus issue of 1 for 4 Oct 2152 words
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Article, Illustration400 1978-09-28 11 SUSAN SEVAN - By SUSAN SEVAN TASEK Cement has registered another year of growth In the 12 months to June 30 and Is giving Its shareholders yet another bonus Issue of one new share for every five ordinary or participating preference shares held. It has also lifted400 words
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110 1978-09-28 11 JACK Chia Mining «nH Industrial •aid it has received the balance of 40 per cent or 3.3 millian bahts ari«in< sale of iU tin mine in South Its tangible assets totalling Mf 1.42 million are made up mainly at cash and deposits with financial institutions110 words
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LATEST RESULTS
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Article39 1978-09-28 11 Group pre-tax profit 17.22 million (6.7 million) for the year ended June 30. 1978. Turnover $42.56 million ($35.19 million). Group pre-tax operating profit $3.47 million ($2.96 million) while investment income came to $3.76 million ($3.74 million).39 words
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Article21 1978-09-28 11 Pre-tax loss $569,000 (pro/lt $1.95 million) for the first halfyear ended June 30, 1978. Sales $8.40 million ($14.70 million).21 words
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Article91 1978-09-28 11 Unaudited group net profit M$ 1.04 million ($4.06 million), half-year ended June 30, 1978 In turnover 16.47 million (25.72 million). Parent company net profit $671,000 ($2.17 million). Interim dividend 7.5 per cent (10 per cent) gross payable Oct 31 to shareholders registered Oct 20. Company said91 words
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Article67 1978-09-28 11 Unaudited group after tax profit M 5579,000 ($912,000), six months ended June 30, 1978 In turnover $7.65 million (10.11 million). Parent company aftertax profit $386,000 (811,000). Company said turnover was significantly reduced because of the prevailing low international cocoa prices and this led to reduced profit.67 words
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Article83 1978-09-28 11 Net group loss M 54.79 million (loss $2.97 million), half-year ended June 30 In turnover 12.35 million (10.15 million). Parent company net loss $570,000 ($460,000) In turnover 2.66 million (1.62 million). Bovis said group operations before depreciation and interest showed a $670,000 loss against a 1.2883 words
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Page 11 Advertisements
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Advertisement196 1978-09-28 11 On TELEVISION Now the BBC's longest and costliest TV dramatisation of a single novel Leo Tolstoy's War and Peace. Now available in a beautiful Penguin gift pack. s V Vi Professor John Kenneth Galbraith presents his views on economics in The Age of Uncertainty. His renown books in Penguins include196 words
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IMF/WORLD BANK MEETING
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Article, Illustration625 1978-09-28 12 MEW STRATEGIES must tfe developed over the next Sve to ten years to raise the £el of economic growth d to improve the workfs of the International Monetary system on a worldwide scale. These are the two major (reas which 'British Chancellor of the625 words
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Article478 1978-09-28 12 Reuter. Bundesbank president Qtmar Emminger said the proposed allocation of four bjjlion Special Drawing Rights annually over three ytars is unnecessary but not dangerous in terms of its inflation potential. •He said the world economy needs SDRs "like a-duck needs a swimming c«£tume." •Dr. Emminger said Gerniany's negotiatingReuter. - 478 words
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Article141 1978-09-28 12 ifEARLY one-third of maftr Japanese companies expect reduced oversea deiriand in the Octoberpecember quarter, and almost a quarter expect it in the first three months of 1979. according to a quarterly survey by the Economic Planning Agency, covering 1,545 companies. Asked about export prospects in141 words
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Article, Illustration398 1978-09-28 12 A NEW scheme to strengthen the US dollar has been proposed by Greece. At Tuesday's IMF conference, Mr. Xenophon Zolotas. governor of the Bank of Greece suggested a scheme which envisages the US Treasury borrowing from the Eurodollar market and from foreign central banks398 words
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316 1978-09-28 12 THE United States begins a highly organised, slickly promotional effort at boosting exports to Japan next week, with the arrival of a 140-man "export development mission." The mission is the result of months of work by both the Japanese and American governments that Included316 words
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185 1978-09-28 12 AMERICAN investments in Asean countries have more than. tripled in the first five years of this decade to reach US$3.5 billibn (SsB billion). The growth rate since then has been more modest, reflecting a slowdown in US foreign investment worldwide.. A US embassy185 words
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Article84 1978-09-28 12 INDUSTRIES in Peninsular Malaysia will have to pay 20 per cent more for their electricity as a result of price hikes announced by the National Electricity Board. The board In a statement on Tuesday said It will collect more than $90 million in' Increased revenues annually as84 words
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Article635 1978-09-28 12 QUEK PECK LIM - By QUEK PECK LIM PROTECTIONISM, trade, adjustments of currencies and the workings of the IMF and the World Bank were the main themes of the second day of the meeting of world finance ministers. Ministers and central bank governors of 20 countries took to the rostrum635 words
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Article795 1978-09-28 12 LONDON. Wed Share prices closed lower with operators wary of the effects of the strike at British Ford, dealers said. At 3.00 p.m. the Financial Times Index was down by 5.4 at 508 8 The lower trend also reflected concern about the prospect of rising short-term US Interest795 words
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Page 12 Advertisements
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Advertisement48 1978-09-28 12 $ou£<season3 food entertainment restaurant We serve the best continental cuisine. Lunch: 12-00-2-30 Dinner:7oo-10 00 11 v: 4 r' X ■A 9 rrs X f o Va t s c Try our Fish Head Curry and other Local and Western Dishes. WVQGO Coffee House 2nd Floor Straits lading Building48 words
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Advertisement96 1978-09-28 12 President's Nothing but the best will do for the most important man in the organisation. Henry has a prestigious "President Set" worthy of its title. In Rosewood, Walnut or Teak finish. Designed and crafted for the Chief Executive, the President Set not only reflects his status, but the success of96 words
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Article3936 1978-09-28 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following liat tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates of arrival and departure from Singapore port. f Conaorti lima Scan Dutch hu a3,936 words
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Page 13 Advertisements
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Advertisement290 1978-09-28 13 635 I Barber auesea DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents: Barb«f Lines Singapore Pt» lid T#l: ***** Harrison* A Crosfield Kuala Lumpur Tal: ******59 Pernas- MISC Penang Tal: ***** AUSTRALIA SERVICE P. KtiMf Sinfapori Loading far MAYBREE2E 4/5 OCT 2/3 OCT FREM. TUE RIVER 12/13 OCT 10/11290 words
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Advertisement351 1978-09-28 13 KIT* SAMUT *20 KITI SAMUT V.21 ■ITISAMUT V.22 THAI ime vmrtsREGULAR SCHEDULED CONTAWIR FEEDER SERVICE BETWEEN SINGAPORE/ BANGKOK MMSM SKtfOK I ft im a%m lOd 2 Oct 5 Oct 7 Oct II Oct 11 Od 14 Oct 11 Od MM »0d BOOKINGS/ENQUIRIES OCEAN SHIPTIM 1 ENTIRf«IStt PTt. LTD. 21ST FLOOR.351 words
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Advertisement386 1978-09-28 13 AN HSING UNION ADEN UNION YENBO XgT"LORD STEAMSHIP CO. SA V*' TAWAN/STRAITSyTAIKAN ohUS LINE! SERVICE LOON CHOMG In Part Um «Oct (2n4CaK) LOON FAT 1/3Od 4/1 Oct 7/lOd 17 Od S co'» j'-fi 'ft-M STRONGWILL ENTERPRISE (PTE) LTD :n »'JB <*so »J£o v*iioC» s*o»i 'I .:::m 1 •t' M its)386 words
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Advertisement301 1978-09-28 13 NOTICES DOWA LINE CO. LTD JAPAN M.V. "TEKAD" VOY 8A Arrived 21 9 78 at P.P. Wharf Godown 303 General survey on damaged cargo discharged ex the above vessel will be held on 29th September 1978 from 9.00 a.m. to 12 p.m. No further survey will be held after this301 words
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Advertisement55 1978-09-28 13 STARTWAY BHIPPING CORP. B.A. m.v. "GODSPEED NO. I" (VOY. 110) ETA 14/9/78 fit PPW Gdn. 302 General survey on damaged cargo discharged ex. the above vessel will be held on 28th Sept. 1978 from 9 am. to 12 noon. No further survey will be held after this date. Agent:- Log55 words
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Advertisement15 1978-09-28 13 \d. LAND WEEKLY SERVICE TO/FROM U.S.A. AND JAPAN FASTER TRANSIT/NEW SHIPS CALL FOR DETAILS *****2215 words
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Page 14 Advertisements
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Advertisement886 1978-09-28 14 4£Hapag-Uoyd FULLY CONTAINERISED TO EUMOTE rpM r.t+m Cjr«p* 6*r Cttj dUMi Ookikf EXPRESS CONVENTIONAL TO EMOTE S p«t PMN P«t mm 6mm Ittwi llMta Hill >~1,1.1. 4/10 5/10 26/10 22/10 '3/11 7/11 30/10 1/11 FrtmmtZ 20/10 6/11 19/11 17/11 13/11 IVII iZ!/ |7/n> 13/11 20/11 24/U 16/11 11/11 MM* 21/11886 words
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Advertisement556 1978-09-28 14 Od 15/20 Not 5/6 Od 22/24 Dm 1/9 Km IVI7 ■m 15/20 Rot 13/14 I n* 24/25 Rot IS 9 To: US ATLANTIC US GULF i EAST CANADA T«m*c "j j T; UKIKK 'Oct 1/4 I Oct VII 0 SINGAPORE P. MM| Oct 1/4 Oct 1/11 Oct 14/22 I Rot556 words
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Advertisement649 1978-09-28 14 SEA LAND U.S.A./ASIA SERVICE on mfbswtco container service uiims not towooy foo w* P CAMOA. CUIKM MMN. ROHA, TWHM. MOM KMC. THAILAND AMO VESSEL/VOYAGE Vessel Vessel Arrives/Deoarts WORLD TIGER VlO oct 5/6 oct4 WORLD LION VlO .'oct 12/13 oct 11 WORLD TIGER Vll ..oct 19/20 oct is WORLD LION Vll649 words
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Advertisement1068 1978-09-28 14 I Everett Lines i Burma Fhrt Star Shippinf Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON HTMTN)TM(IM*D 81.5.S C. Agents in Malaysia TEPS MALAYSIA Port Kelang T-.! f3B) 7355 Penai* Tel. *****/***** i Compania Argentina Da PJbflavafxion Intercontinental S. A. C. I. F Uf/'ARGENTINE NATIONAL LINE" I IOAOING Hjk „;:»«AN, CAPETOWN,1,068 words
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Advertisement536 1978-09-28 14 Orient Overseas CwlciMesi Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) I CHEMUMM2IIM NEPTUNE PEMU U« MERCATORW ORIENTAL CHIEF IM I N KON6 CONTAINER UK ORIENTAL RESEARCHER s.seas moo im I NEPTUNE coral m LaHim Hb«rf 11/10 20/10 25/10 27/10 2/11 4/11 9/11 11/11 15/11 17/11 22/11 24/U 21/11 1/12536 words
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Page 15 Advertisements
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Advertisement911 1978-09-28 15 TM OCL Overseas Containers Limtted ftp* ss OSCI Australia Straits Container Line memki v mum cmswtiw) M N CMTUMOSNir SERVICE TI/FMM AISTRALIA ANRO AUSTRALIA ANRO ANRO ANRO ANRO ANR<S ASIA TEMASEK AUSTRALIA ASIA TEMASEK Oct I Nm 19 m Bet 11Nt« 21 Nn Oct 12 Nr> 22 NM STINEY MELBOURNE911 words
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Advertisement1179 1978-09-28 15 It W/CHIWI Na tM) 11/ 1 Bet 4/ t Met II Bel UiMM. AanUrtM Null. Itflaati 11 Na* MM. llimt 7a Kl HA PttTS 11/14 tct 11/U Mr fttai w/CMmwar m* i Sail! Caroae p u«i sintHwt n IS/IS act la nun« tuvnw m. SK*«5« H* LIU steaihis PORT KELAMC1,179 words
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Advertisement656 1978-09-28 15 BEN LINE qmr&NEns LIMITED LIM rrt ■1 vt. wt«* 32 to*» fWW wr«i T ■rw Q BEN ASIA CONTAINER SERVICEmm WW soma S pore '•>♦» 0»a»a iu*» (to,. uiu nuns «u a s*pt i E NIIKM kmii HI Hint 521 2S w •die* »i ii tct u Oct t« Oct656 words
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Advertisement652 1978-09-28 15 Scan Dutch ONTIN ENT/ SCANDJ N AVI A J Mterj 41 Cterg a/il a/M K'» a/M I/M a/it 11/11 11/11 N/11 »/II EASTBOUND FROM MED/UK/ im: i«i: id: i r^»rviri:rAT li Cterg 7) a am 4) »M S I e«t t) Mte, Wes P Kelang n»l NINO* S*M Ml bKM652 words
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Advertisement431 1978-09-28 15 V GUTHRIE BOUSTEAD Tcms INKFNLIS.WCI W (Mparitiat. Revmon. Beira. Onrtan. E.L.. P.E., CMtMHI Kant** 18/1 J M Sport 11/11 Oct P Kettae 11/H ma un a seen wiiu rat uum. unu ■MM* STeiR Ftowif P. MM* 11/11 M S'poe 14 tt A VtSSfl ~r Fcm'j P. Mi l S port431 words
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Advertisement720 1978-09-28 16 K LINE KAW\SAKI RISEN KAISHA. LTD (VIA MB) Ir CMMmt Sport P. Ketaftf l.Kawa H-Wc JEIMS in ta Part MSept Illit»lct2lkta»et2«»c K KM. 11W 5 Mt 7Mt»Mt27M»MMtI«Mt3IM TM MT 11 Mt 15 Mt 1 Nor 4 Not sln IN* Ida ru CNIEF IMF II Mt 11 Mt IM» !1 Mr720 words
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Advertisement823 1978-09-28 16 P SA/EAST CJUMIA SERVICE ACCEPTING Ftt/LCI CONTAINERS FIN KMM. P. DELANO. Sf*t Laa4m M: »l» VRM. CAUSER. MRRFRLK P> n»l| P- Kalanf visnva viRAAM' (am ss sen »Ptiss*»i 1/s •«> E.C./GREAT LAKES SERVICE CAUFOttIA PACIFIC NORTH WEST SENVKE "S.R MHU PRARESN "S.R. MIIW" "VtSMVI NIRNI" "VISNVA IARANG" "VISNVA tNRtAC mmewarr:823 words
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Advertisement1001 1978-09-28 16 NOL NEPTUNE ORIENT LMES LTD •FULLY CONTAINERISED SIIVICIS: Kjmara* Spore f S i r CHEVALIER RI2Et I. Port »So* MM M 21 M 22 Oc heptmk pearl J let Ikt aw n« MERCATOt U Oct IS let II «rt J■» NIEiTAL CMIEr II kt 22 kt 1*» J£* HONCMNI CIHTAIHER1,001 words
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Advertisement679 1978-09-28 16 IBliEßd JMtMKSM* *m*NAT>ONAI SHIPPING CO*PO*ATtOK gfmHAO EXPRESS FULLY CONTAINEFttSED SERVICE TO/FROM MED/UK/CONTINENT/SCANOINAVIA fmt* umt V«n*l r'tw* 1) MtMirt 7> Mm 31 Hhw; 4)».'« Ml. 01 i IMA KuM EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT If Maa. Vea<« Ml*n| Penary Lea*af tar< I Tt la Part 1/ 1 Bet 4/ I Oct679 words
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Advertisement811 1978-09-28 16 t INTRASEA (PTE) L^D. remlar inkpenient sqn/fiu container service to Eimfc! S sore P. MI«C PtHMI LMMI Mr: I S 50re P. MI«C Pa«a«| LMMI Mr: I NORBETN Mil 5 let SUMiptwi MarteMto' R'tfyn 'H*%yrg j MMITIIK ALL UNCI Mil t Oct S Oct R daw, H'Wn Ba^lye musu mm811 words
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