The Business Times, 29 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 FRIDAY, SEPTEMBER 29, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Easier forex rules
      74 1 Reuter TOKYO, Thurs. The Finance Ministry announced a three-point relaxation of Japan's foreign trade and foreign exchange regulations concerning the standard settlement system, sales on consignment, and in-house account of trading houses, effective from next Monday. As a result of the change In the standard settlement system,
      Reuter  -  74 words
    • Article
      Asean swap doubled
      59 1 WASHINGTON, Thurs. Asean central banks yesterday doubled the amount of swap facilities available to member countries to US$2OO million (Ss4so million). The agreement further extends the swap arrangement originally Initiated in 1977 to Aug 4, 1979. Bank Negara Malaysia, by rotation, has taken over from the Indonesian
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    • Article
      Lock icon MAS soars
      72 1 AFP KUALA LUMPUR, Thurs. Malaysian Airline System made a profit of M 521.34 million for the year ended March 31, an increase of $20.7 million over last year's figure of $588,400. Chairman Raja Tan Sri Mohar In his annual report released here today says the figure is the
      AFP  -  72 words
    • Article
      Lock icon Australian quotas
      68 1 Reuter CANBERRA, Thurs. Australia will Impose tariff quotas tomorrow on a range of imports of hosiery and knitted underwear and sleeping garments as a short-term assistance measure for local manufacturers, a government statement said today. It cited Hongkong, Taiwan, South Korea, Canada and South-east Asia In general as
      Reuter  -  68 words
    • Article
      GNP reshuffle
      85 1 MONTREAL, Thurs. The Western world's overall growth rate will remain slow In the coming year, but It will be more evenly balanced as between countries, said Mr. John Fay, head of the economics department of the Organisation for Economic Cooperation and Development (OECD). Mr. Fay outlined various changes
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    • Article
      Lock icon Dollar skids
      86 1 UPI LONDON, Thurs. The US dollar skidded lower on European foreign exchange markets today, in spite of the reduced US trade deficit. Oold again benefited from the currency instability and opened in Zurich at $217,875 and in London at $218.25. The dollar opened in Frankfurt at 1.9407 marks
      UPI  -  86 words
    • Article
      Lock icon Another blow-up
      67 1 AFP LONDON, Thurs. A strike on the 5 per cent pay issue that could cripple much of the nation's Industry loomed today when British Oxygen was caught up in the controversy. Now the Transport and General Workers Union has warned that the 4,000 workers at British Oxygen could
      AFP  -  67 words
    • Article
      Lock icon Dow Jones
      54 1 UPI NEW YORK, Thurs. The stock market headed lower early today in moderate trading. Investors were disturbed by rising interest rates. The Dow Jones Industrial average, a 7.97-polnt loser yesterday, was off 1.29 points to 858.88 around 1500 GMT. Declines led advances, 609 to 463, among the 1,409
      UPI  -  54 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      131 1 Rises MBS 364 +60 Nat Iron 595 +35 Consplant WrU 400 +30 Tuek Cement 352 +28 Dunlop Eat 342 +22 Sin Chew 352 18 FAN 550 15 Tractors 515 15 Gold Coin 184 13 Nanyang Press 326 12 Tan Chon< 298 12 Y H S Msia 266
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    • Article, Illustration
      In Kuala Lumpur
      164 1 Rises MBS 3 80 .88 A. Hitam (T) 11.40 .70 Rahman Hy 5 30 .50 Con Pit Wnt 4.00 .42 F and N 5.70 .30 SgBesi 6.10 .30 Oriental 4.00 .26 N. Iron 5.90 .25 Tractors 5.25 .25 Duff 1.70 .20 UAC 3.04 .20 M In.sec 4.20
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  • Article, Illustration
    Sime's results are scintillating
    855 1  -  PROFITS SOAR TO $184.5 M By ARTHUR NG MARKET leader Slme Darby yesterday thumbed Its nose at the bears who have savaged its share price in recent weeks by reporting yet another mammoth increase in profits. This multinational, with its strong plantation base and a myriad
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  • Article
    Consplant proves a point
    530 1  -  By MANO SABNANI THE LARGEST Slme Darby subsidiary, Consolidated Plantations, yesterday unveiled better-than-expected results which seemed to defy the adverse effects of drought on its widespread plantations. The string of disappointing results coming from plantation companies of late had led some analysts to believe that Consplant's
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  • Article
    TRACTORS' BIG ADVANCE
    180 1 dNE of the more pleasant surprises in the 1977/78 results of the Sime Darby conglomerate released yesterday was the strong performance of Tractors Malaysia Berhad. This 75 per cent owned subsidiary saw accelerated growth in the second half which pushed its sales nearly MS 100 million higher
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  • Article
    Calculators lose export sparkle
    486 1  -  JOHN LIM export of calculators appears to have run out of steam. First-half exports took a bad fall over last year. However, the remaining months are expected to show 'a slight pick-up. In both quantity and value, calculator exports declined by about 21 per cent, from
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  • Article
    Newton's output of engines moves into high gear
    236 1 A NEWLY established joint-venture company, formed by three Asean industrialists, plans to double its present workforce by 1982 so as to reach its maximum output of about 400,000 engines a year. The company, Newton Engineering and Manufacturing, is the only producer of
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  • Article
    NZ bankers look into joint ventures
    360 1  -  By WANG LOOK KEAH FOUR New Zealand companies are seriously considering Joint ventures here as stepping stones to export both manufactured and processed goods to Asean and West Asian countries. These companies will soon be establishing representative offices here, said Mr Laurie A. Cameron,
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      7 1 COPIES ANYTHING. FITS ON A TABLE-TOP lillfct
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      Page 1 Advertisements Column 2
      161 1 When all banks are pretty much the same, ACBC service makes the difference. Everyone knows that all banks offer pretty much the same facilities to their customers. But what makes one bank better than the o,ther is its service. Whether you are opening a letter of credit or you need
      161 words
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      Page 1 Advertisements Column 3
      83 1 ESTATES may drop rubber in bif way 2 THE beoeficiaiiee of Uahrte'i RAD 2 FREIGHT swindles not com- the profit groove monplace here 8 CANADA vub SHIPPING TIMES FORUM with Joha Dmdale 7 YHB (M) growth rate is more 'down to earth' 11 ROBINBON'S is entrenched in STOCK market watchdogs
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      Page 1 Advertisements Column 4
      194 1 ST SINTAT Rent-a-Car *YOHIDVt Dt P;StRVAM\s Singapore: *****55, *****5 (Airport) Kuolo Lumpur: *****4 P«nong: ***** Kuantan: ***** ON MONDAY, October 2, Business Times will be two years old. To celebrate our anniversary we have prepared a supplement on the leaders of Singapore, top men in politics, the civil service, business,
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  • TRADE AND INDUSTRY
    • Article
      Rubber estates may switch on grand scale
      601 2  -  By A. KADIR JASIN RUBBER plantations may switch over to other crops on a scale larger than that of the mld-60s after 1980, when many replanted in the late 50s and earlv 60s. become due for replanting. The only logical step to avert
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    • Article
      Lock icon Tokyo TV makers to fight US levy
      153 2 AFP MAJOR Japanese television makers, supported by the government, are to fight the US decision to impose anti-dumping duties on their colour television receivers sold in the American market, industry sources said yesterday in Tokyo. This was agreed when Ministry of International Trade
      AFP  -  153 words
    • Article
      Research unit probes tourist industry needs
      317 2 THE ECONOMIC Research Centre has started the first two phases of its study to determine manpower and training needs of the tourist industry in the next five to 15 years. The three-phase study involves a series of surveys on hotels, restaurants, deparment stores, travel
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    • Article
      August a busier month for Japan's factories
      324 2 JAPAN'S August Industrial production index rose by 0.9 per cent to a preliminary 122.5 (base 1975), seasonally-adjusted, from a revised 121.4 in July. The International Trade and Industry Ministry reported that year-on-year gain in the Index was 5.6 per cent compared with a
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    • Article
      Local firms beneficiaries of Univac's R and D
      416 2  -  ■y JOHN LIM SPERRY Univac's research and development In new computer technologies will eventually benefit the computer user and component manufacturers In Singapore. The company has one of the highest expenditure on R and D, said Its International marketing manager, Dr. Delter
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    • Article
      Penang beach hotels may increase rates
      204 2 SEVERAL beach hotels in Penang are expected to increase their room rates next year because of increasing labour and food coats. The rate of increase however, is yet to be fixed. Certain big hotels in the city may do likewise and tour operators have
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    • Article
      EURASBANK MOVES FORWARD
      82 2 EUROPEAN Asian Bank (Eurasbank) has taken another significant step forward in the expansion of its network throughout the Asia-Pacific region. The Hamburg-based bank has opened new branches in Bangkok and Seoul complementing the bank's network in Hongkong, Jakarta, Karachi, Kuala Lumpur, Manila and Singapore. The bank's steady
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    • Article
      BUSINESS TIMES GOLF TOURNAMENT
      536 2 THE TEE-OFF times for the Business Times golf tournament on Sunday, Oct 1 to be held at the Sembawang Oolf and Country Club are as follows: The draw Ist Tee: 8.00 a.m. Garry Scholium (18) and C. Nickerson (16) v Herbert Loke (21) and John Sam
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      265 2 Naxt to Katong Saaviaw Palace/Uppar East Coast Road Located on elevated land in Katong Luxurious split-level houses facing the sea With individual front and rear gardens EAST COAST HILL stands on a 20-acre site off Upper East Coast Road which is about 195 feet above sea-level... affording a magnificent view
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      Page 2 Advertisements Column 2
      220 2 Tractors Malaysia Bertiad PRELIMINARY ANNOUCEMENT OF AUDITED RESULTS FOR THE YEAR ENDED 30TH JUNE, 1978 Group Turnover Profit Taxation 1978 $,000 419,511 49,452 23,562 25,890 1977 $,000 339,487 43,959 20,306 23,653 Depreciation 3,074 2,017 Earnings Per Share 40.45 c 36.9 c The Parent Company's profit alter taxation for the year
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  • OVERSEAS
    • Article
      Lock icon Senate panel's $28 billion tax boon
      760 3 NYT THE US Senate finance committee approved an across-the-board tax cut for individuals amounting to US$l2.2 billion (Ss2B billion), or $1.8 billion more than was approved by the House of Representatives. Under the Senate Bill, a married couple with two dependent children and an
      NYT  -  760 words
    • WORLD IN BRIEF
      • Article
        Lock icon SUPPORT FOR BANK ZONE
        338 3 Agencies NEW YORK governor Hugh Carey said Federal Reserve Board members expressed no reservations over efforts to create a free trade banking zone in New York City. Creation of the zone, approved by the state, hinges on Fed willingness to waive reserve and interest ceiling requirements.
        Agencies  -  338 words
    • Article
      Lock icon Japan, New Zealand in squid venture
      155 3 AP SIX NEW Zealand cdmpanles and a Japanese fishing firm of Hakodate Kokal Gyogyo of Tokyo have won approval of the New Zealand government on a Joint fishing venture to catch squid. Although the government has yet to make an official announcement, this was
      AP  -  155 words
    • Article
      VAUXHALL OFFER REJECTED
      114 3 UNION negotiators, representing 26,000 Vauxhall Motors Ltd workers, have rejected a management pay offer. The British domestic news agency, Press Association. said both management and union negotiators declined to reveal details of the pay offer. Union representatives were to report back to the workers yesterday and further
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    • Article
      Lock icon Emminger denies Snake rumours
      936 3 Reuter BUNDESBANK president Otmar Emminger said yesterday that speculation in the foreign exchange markets about changes In parities in the European joint float before the Introduction of the European Monetary System were absolutely groundless and without foundation. Mr.' Emminger, in Washington for the IMFWorld Bank meeting,
      Reuter  -  936 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      261 3 SalesMi: Get im resalts! DEVELOP MOtC SELLING CONFIDENCE. CLOSE MORE SALES. HIKE HORE HOMY. Evary aaaaton at tha Data Cawml« DA LI CAINIOU as m i >»» i < >w tX3 P-f a MlMra«(y«rpra*KtoicMrrini a taadk a»>actiam c^My a Mprin fwr mMk a impr**t r** itlm panwuMy a wdi yw
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      Page 3 Advertisements Column 2
      603 3 Kempas Kempas (Malaya) Berhad Preliminary Announcement of Audited Results For The 18 Months Ended 30th June 1978 The Directors of Kempas (Malaya) Berhad will recommend to the Stockholders at the Annual General Meeting of the Company, to be held in Kuala Lumpur on 21st November 1978, the payment of a
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      390 4 THE Singapore market vesterday closed slightly lower with October One RSS buyers quoted at 252.00 cents per kilo, down one-and-a-half cents. The afternoon session was easier on stale bull selling and easier London opening advices. Levels eased further after the close on continued long releases, they
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    • Article
      RAS PRICES
      354 4 R A S. prices In cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S prompt t 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 231.00
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    • Article
      Closing prices
      30 4 Rubber: Sept. 28: Singapore: Oct 252.00 cents (down 1.50 cents) Malaysia: Oct 257.00 cents Swn 1.75 cents) Ml 1,865 (up $15) Official offering: 133 tonnes (down 42 tonnes)
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    • Article
      Produce exchange
      365 4 DULL trading prevailed on the Singapore produce market yesterday. The Philippines market for coconut oil was very quiet and this had its effects here too. Local traders kept away from big deals in the absence of overseas indications. After two weeks of price hikes, pepper prices appeared to
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    • Article
      Hongkong comex
      206 4 THE sugar market closed higher yesterday, but was barely steady at this level and was below the higher opening, traders said. There were 14 sales at the closing call, and none at the opening. Buying came from commission houses after earlier uncertainty abated with the London opening. Earlier,
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    • Article
      SSR AND SMR
      102 4 NOON SSR and SMR prices yesterday RAS October (Current Mth) Buyers Sellers (cents per k«) November (Forward Mtk) Buyers Sellers (cents per kf) SSR 20 SSR 50 MRELB (l-on pallet) (1-ton pallet) 228 50 224.50 228.SON 226.SON 227.50 225.50 22S.50N 227.SON SMR5CV SMR5L SMR 5 SMR 10
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    • Article
      SPOT PRICES
      200 4 YARN and cotton in Hongkong dollar*, spot ex-god own Cotton Yarn China Blue Phoenix 20 s 1.845. 32 s 2.800, 40 s 2,730 (per bale o( 400 lbs.). Ptoce Good* China Butterfly and Globe brand unq. Dragon Head una. Five Lambs unq. Flower and Butterfly unq. Flying Geese
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    • Article
      Coffee
      312 4 ROBUSTA futures yesterday ended the opening call "steady" £5 down to £7 per tonne up. Dealers said initial trading was quiet and well matched with no special background features. They said the market continued to display caution ahead of the ICO meeting when consumers will decide on figures to
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    • Article
      Cocoa
      179 4 FUTURES closed 35 sterling to 12 sterling per tonne down and turnover totalled 7073 lots In London on Wednesday. The market moved lower during the afternoon under commission house and local selling and long liquidation after an earlier rally had )acked followthrough Interest. The fall touched off stoploss orders
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    • Article
      Soybean
      100 4 CHICAGO soybean futures on Wednesday advanced to the day's highs in late trade but backed off slightly under hedging pressure. Prices settled seven to 53/4 cents a bushel higher, roughly a cent under their highs. The late rally was kicked off by local short covering and scattered commission house
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    • Article
      Wheat
      78 4 CHICAGO wheat futures remained V 4 to one cent a bushel higher at midsession after losing the largest part of morning gains on Wednesday. Wheat moved ahead In dull trade on small commercial and professional purchases, mainly of the December, and very light selling. Prices fell near lows when
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    • Article
      Palm oil
      76 4 European porta. In US dollar per tonne unlet otherwue Mated Wefaaaiay fllllM Malaysian 5* f fa bulk per tone November Sumatra S% ffa bulk September October November December January February Ntferia SH ffa bulk it| 610 sir 600alr 52V532 W pd 602 W/617H pd M6/600 pd SKpd uncn
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    • Article
      Straits tin
      282 4 THE Straits tin price in Penang recovered MS 15 per plcul yesterday to $1,885. The uncertainty of the timing of releasing stockfilles following approval by he US House Representatives earlier has prompted some general buying. After the last few day's easiness, sentiment also turned higher on the smaller
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    • Article
      Sugar
      301 4 VALUES at end-morning were £1.30 to £1.75 per tonne lower in a turnover of 2,399 lots In London on Wednesday. The market held steady after an easier opening with trading rather quiet. Dealers were awaiting the New York and In particular the performance of the spot position. Futures closed
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    • Article
      Rice
      201 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne, F O B. basis Bangkok) While Rica: 100 pet Ist class 402. 100 r-t 2nd class 387. 100 pet 3rd clan 382. pet 371. 10 pet 352, IS pet 347. 20 pet 342. 25 pet 332,
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    • Article
      Duty rates
      86 4 THE Malaysian Minister of Finance has fixed these rates for the period from Sept 28 1978 until further notice: Rubber 250% cts a kg, copra $1058.22 a ton, palm kernel $955.75 a ton. black pepper $3019.23 a tonne, white pepper $4728.91 a tonne. The rates of duties payable
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    • Article
      Copper
      362 4 COPPER wirebarr on Wednesday rose by £5 for cash and £6.5 for Three Months in London. Values surged ahead after lunch, reflecting the trend at New York with fresh buying and some stoploss activity absorbed by trade selling at the higher levels. Three Months traded upto £761 but closed
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    • Article
      Silver
      167 4 SILVER on the LME lost mostly 1.7 pence per troy ounce on Wednesday. The downturn in gold and irregularly lower US futures prompted liquidation during the afternoon down to 293.6 pence per troy ounce for Three Months. Light covering gave support at the lower levels but trading was slow.
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    • Article
      Gold
      375 4 THE kilo bar In Singapore opened at S$l5J6B yesterday and closed slightly lower at 5515,753. The highest and lowest of the day were 8515,775 and 5515,710 respectively. The tone was steady but quiet. Spot gold for London delivery opened at U*****.20/ 50 and closed marginally higher at U*****.30/.60. The
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    • Article
      Lead
      64 4 LEAD on Wednesday was up €4.75 for cash and £4.5 for Three Months. Prices remained buoyant during the afternoon on further covering demand upto £375.75 for Three Months. Morning covering against continued Continental physical demand and expectations of a decline in stocks over the next couple of weeks fuelled
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    • Article
      Zinc
      66 4 ZINC on Wednesday was up mostly £1.25 per tonne. The afternoon market reflected the general trend with Three Months edging upto £344.5 In the ring but softening to £343 on the kerb under light profittaking In London. Morning values were well maintained In line with other base metals and
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        512 4 THE US dollar firmed against the major currencies in forex markets yesterday as traders scrambled to cover oversold positions. Against the yen the dollar opened at 188.40/50, stayed there most of the morning but moved higher to 189.00/20 after London opened. The dollar went the same way against
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        Asian $ & CD rates
        188 4 Asian CD rates ASIAN currency deposit interbank rmtet u at cloae on Sept 28 US DalW (8m() Offcr fui 7da»»» 1 mtn 2 mths 3 mths 6 mths mths 12 mths 1/4 .•7/1# 3/4 16/16 IS/IO 19/16 87/8 1* 8 9/16 8 9/8 13/16 13/16 13/16 Sw. PrW. Dm. IMIMk
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      • Article
        Discount
        45 4 RANOE of price* offered by discount house* on Sept 28: Overnight 3** Call deposit* 3SS Qata| Bvytac Selllac 3-month Treasury bills 3 9/16 37/16 3-month Bank bills 61/2 6 3/8 Y-month CD 6 15/16 13/16 6-month CD 71/16 615/16 Source: National Discount Co Ltd
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        MLR
        21 4 THE average rate at which Singapore btiki are currently prepared to lead to their beet customers is 7.25 per cent.
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      • Article
        Euro $ rates
        131 4 Euro rates LONDON Eurodollar rates yesterday softened slightly In places reflecting a reaction to recent sharp rises and following the lower than expected U8 August trade deficit, dealers said. However, most operators remained cautious and showed a reduced willingness to lend for long periods ahead of a widely anticipated further
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      • Article
        London
        300 4 THE dollar yesterday opened easier In thin and nervous trading but shortly after, Improved to show modest gains on overnight levels, dealers said. The dollar opened at 1.4890/4910 Swiss francs before firming to 1.4970/90 compared with 1.4900/4930 overnight. Sterling fell to 1.9697/9702 after opening at 1.9720/27 compared with 1.9710/18
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        New York
        255 4 THE dollar closed firmer on Wednesday from Its opening, In generally active trading, dealers said. They said the dollar recovered substantially from its sharply lower opening on news of a smaller than expected US$l.62 billion US trade deficit for August. The dollar held on to most of the
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      • Article
        Tokyo
        165 4 THE US dollar for overnight delivery closed at 188.55 yen yesterday, up from a 188.50 opening dealers said. The US currency fluctuated throughout the day in moderate trading between 188.20 and 188.65 yen after opening lower, they said. The market wa's in a waiting mood, particularly in afternoon trading,
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      • Article
        Hongkong
        110 4 THE US dollar yesterday turned easier against the mark with the European opening on some dollar selling interest, after earlier holding steady, dealers said. Against the mark, the dollar fell to 1.0330/40 from an earlier 1.0365/75 and a widening of the spread took the yen to 188.35/55 in a
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      • Article
        Australia/NZ
        39 4 AUSTRALIA/NZ exchanges quotes yesterdajr: OSdlr 1.19*4/1 1546 Sterling 0 5808/0 5822 Ninety-day air mall buying rate*: Sterling 0 6074/1.1844 Sternnc 0 5828 OS dirt 1.1971 NEW ZEALAND: Sterling *****/USJ7O US dlr 1.8607/1.8687 buying rata.: US cftr 1 8888
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  • Page 4 Advertisements
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      555 4 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 388 of 1978 In the Matter of Hotel Merlin Singapore Limited And In the Matter of the Companies Act (Cap. 185) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that by an Order dated the 22nd day of September,
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  • TRANSPORT
    • Article
      Lock icon Giant floating dock may enhance Soviet naval power
      279 5 UPI A 80,000-tonne floating drydock will be delivered to the Soviet Union by November, paving the way for possible deployment of Soviet aircraft carriers in the Pacific. Japanese military sources said the dock Is nearlng completion at the shipyard of Ishikawajlma-Harlma Heavy
      UPI  -  279 words
    • Article, Illustration
      BOUNCING INTO U.S. THROUGH PORT TACOMA
      142 5 SHIPPERS in Singapore will gain some valuable knowledge on Port Tacoma, the Pacific gateway of the US, during a one-day seminar on Oct 3 to be conducted by the port's trade director, Mr Charles E. Doan. Port Tacoma is known as the major shipping
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    • Article
      Freight swindle is minimal in Singapore
      573 5 By RAHIM KASSIM MISDECLARATION Of cargoes by shippers, rampant in some ports, is very minimal here, according to the Far East Freight Conference. A spokesman for the conference, made this comment in response to recent reports of misdeclaratlon in other ports. Shipping "detectives" are
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      676 5 arrivals Service Local Operator Number Time Prom CPA CX710 1005 HLP RBA BI323 1025 BWN GIA GA980 1030 HLP SIA SQ911 1035 SFO/HNL/GUM SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL GIA GA944 1055 PKU GIA GA908 1100 MES GIA GA895 1110 AMS/CDG/BOM
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    • Article
      Lock icon Ansett foresees Australian air traffic slowdown
      236 5 Reuter ANSETT Transport Industries Ltd anticipated a dampening in Australian air passenger traffic growth as a result of the 1878/79 budget decision to move to immediate world parity pricing for oil which will make further air fare increases inevitable. Air passenger traffic, as distinct
      Reuter  -  236 words
    • Article
      Lock icon Conferences raise currency factors
      155 5 Reuter THE CONFERENCES covering the trades between Europe and India, Pakistan and Bangladesh announce the following changes In the currency adjustment factors (CAF) to take effect on all vessels commencing to load at Individual ports on or after Oct 1. Continent westbound plus 27.5 per cent
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    • Article
      Lock icon Seoul run by MAS
      117 5 AFP THE MALAYSIAN Airline System (MAS) Is planning to start a service to Seoul by early next year, sources at the Malaysia-South Korean air talks which ended In Kuala Lumpur yesterday, were quoted as saying. An agreement signed In 1972 permitted the national carriers of the
      AFP  -  117 words
    • Article
      Lock icon Clerks back to work
      80 5 Reuter CLERKS employed on conventional wharves In the port of Sydney resumed normal working on Wednesday after lifting all work bans and limitations, a waterside employers' spokesman said. The clerks voted to end their bans which have been hampering cargo move- ments in the port after
      Reuter  -  80 words
    • Article
      Lock icon Boost for Bayan Lepas
      80 5 AFP THE new Ms3o million terminal building of the Bayan Lepas airport in Penang is expected to be ready for use in fnid-November. Deputy Transport Minister. AH Sharlff, told a Eress conference in Kuala umpur that the new terminal would have better facilities than those at
      AFP  -  80 words
    • Article, Illustration
      SHIPS IN PORT
      350 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bontang (0530) 27/28 Colorado (after Chidambaram) 1/2 lonian Sea (0530 after Oriental Queen) 6/7 Kailok (1500 after Neptune Ruby) 18 Kota Pahlawan (0700 after Kota Selamat) 10/11 Lexa Maersk (1800 after Islamic Taaj) 38/39 Nedlloyd Fresco (1700 after Nedlloyd Adelaide) Nonl (after
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    • Article
      LONDON FREIGHT
      235 5 PARTLY due to the current oil rate rally enticing large combined carriers away from dry carro business, the Far East tone for large bulkera currently displays a very firm prospect. In the Atlantic, however, a very different situation prevails, with large units continuing to accept reduced rates for
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      17 5 SINTAT Rent-a-Car SIN TEL GAPORE AIRPORT *****5 CITY TEL *****55 a' io. i /ou. local onward reservations
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      Page 5 Advertisements Column 2
      148 5 EQUPmEIIT mode uiell...uiorks ujell...sells uiell Reliability, performance, quality of production and value for money, that's how Australian industrial equipment and machinery have gained increasing sales in world markets. The range is wide. From press brakes, guillotines, packaging machinery and materials handling equipment to pumps, machine drills, electric motors, welding equipment,
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  • Article
    Sime warms the investor's heart
    425 6 SIME DARBY'S announcement of record earnings last night Is a shot In the arm both for the present leadership of the company and for Investors at large. It endorses the view that the management strength of Slme Darby remains a powerful resource which will spur
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  • Article
    A little too hasty
    180 6 CANADA'S fears that it will be deluged with textiles and garments from Asian countries is understandable but to just presuppose that its imports from, say, Singapore are going to be so great next year as to threaten its domestic industries, on the basis of its importers'
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  • Article
    Singapore has more bite than London
    1419 6  -  The City of London's Council for the Securities Industry has some similarities to Singapore's own watchdog council but, reports GOH ENG KEE from London, there are also important differences. GOH ENG KEE SUBMITTING evidence to a committee reviewing the functions of financial institutions in
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  • Article
    NON-STATUTORY REGULATION
    782 6 LONDON'S CSI represents the City's determination to regulate its own affairs as it has always done in the past. As the Stock Exchange puts it in its own evidence to the committee headed by the former British prime minister, Sir Harold Wilson, its establishment "is a further demonstration
    782 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      235 6 V •HBCae* Hotel Royal-RAMADA Newton Road. Singapore 11. Republic of Singapore Telephone: *****1, Telex: RS-***** Cables: HOTELROYAL f Adult: $8/- +10% 3% Children $5/- 10% +3% p? x Ectn<( at s9sv. COfUt mm KuO on s Babi Sue* Gorenq kobn Yoh»oh Po »a n U don 9 A pona Pokuo
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers Report for 24 hours prior to 7.30 pm on Sept. 28 at the airport: Maximum Temperature 32.6° C Associated Humidity 67 Minimum Temperature 24.7° C Associated Humidity 100 Hours of Sunshine 7.60 Rainfall in Millimetres Nil Total Rainfall for
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      248 6 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee Tiao Chan with superimposed English/ Chinese subtitles (Repeat) A Mandarin feature film 4.45 Intermission 6.00 Opening announcements followed by December Bride Lily Helps Twilly News in Brief 6.35 It's About Time 0 7.00 Persembahan Ku (Malay) 7.30 News and Newsreel
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  • Article
    Oil may clog Japan's pact with China
    969 7  -  FOBPM£ on trade JOHN DRYSDALE IN AN interview last week with Agency France Praise's Singapore corres- pondent, K.S.C. Plllal, Mr. Lee "Kuan Yew commented on the recently concluded Sino- Japanese Treaty. He said that It would help Japanese industry to utilise surplus capacity
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      856 7 Consolidated Plantations Limited Preliminary Announcement off Audited Results For The Year Ended 30th June 1978 The Directors of Consolidated Plantations Limited will recommend to the Shareholders at the Annual General Meeting of the Company to be held in Kuala Lumpur on 22nd November 1978 the payment of a final dividend
      856 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      678 7 I I -H-OIE CROSSWORD II 3CRYPTIC PUZZLE ACROSS 1 In no danger of being stolen? 4 burning to make a sailor ilB&i failure (3) 16 He confuses Bela (4) ULJ&evolutlonary distribution Myatem (8) M—lantlng yet leaving? (7) 15 Oieen pages? (6) 17 Picture of a former teacher <3. 6) 2f
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Amsterdam declines
      549 8 EUROPEAN MARKETS SHARE prices In Amsterdam closed mostly lower on Wednesday In thin trading following the continuing currency unrest. Hoogovens and Royal Dutch firmed 0.70 and 0.00 guilders In otherwise lower Dutch Internationals. Elsewhere, lower share were led by Oce-Van Der Orlnten. Ennla, Olessen and Elsevier. Firmer Issues
      549 words
    • Article
      Amsterdam
      212 8 SEPT r Fls O.ABN 374.00 -0.5 ■Ahold ***** unch ,'Xkxo 31 30 -0 1 AMEV 90.00 -0 3 'Am (as 111.80 -0 2 Amrot Bank 79 00 +0.4 Bergoss 64 50 unch -fJlerk 93 50 -0 5 Bote 75.50 -0 6 BorsumtJ ***** -3 74.00 -0.7 Byenkorf 96 80
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    • Article
      Paris
      271 8 SEPT 77 Frs CORBEILLE Air-Liquide 359 80 +4.8 B 8 N Gervals Danone 611 +42 CS F (ThomsonCsf) 409 +36 Cle Francaise desPetroles 134 30 +2.2 Compagnie Flnanclere Compagnie Generate 420 +8 Credit Foncler De France 389 1 Hachette (Ubralrle) 273 Machines Bull 61 90 +2.4 MlchelUi(B) 1364 +39
      271 words
    • Article
      Zurich
      183 8 SEPT Zl Francs Actions Sutsses 261 +1 AlusulsseBr 980 >45 AlusulsseReg 443 >13 Brown Boveri Br 1550 45 Clba Gelgy Br 895 85 Ciba Gelgy PC 885 ♦45 Clba Gelgy Reg. 543 1J Credit Suisse Br 2180 ♦30 Credit Suisse Reg 414 ♦8 Elektrowatt Br. 1870 50 George Fischer
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    • Article
      Frankfurt
      212 8 SEPT 27 Dm Aef-Telefunken 87 60 >0.2 Akzo 28 80 AUz Leben 710 ♦7 Allz Vers 528 -1 BASF 140 10 unch Bay H r 'A'bank 296 SO 1 Bay V bank 340.SO -0.5 Bayer 142.50 +0.2 BBC 311.50 ♦7 BMW 229 unch Cassella 422 -3 Chem Verw 286.50
      212 words
    • Article
      Brussels
      94 8 SEPT r Frs FORWARD MARKET Acec 440 unc ft Arbed 2440 -25 Astur 772 unc ft Brascan 468 unch Bru-Lamb 1640 *20 Canpac 632 +2 Cock 487 8 De Beers 219 •1 Ebes 2295 -5 Electrobel 6830 unch Ob-Inno-Bm 2370 unch Oev 1484 16 Hobok 2955 +50 Petro 3790
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    • Article
      Milan
      100 8 SEPT 27 Lire Ante 107 -3 Assoc Gen ***** +800 Bastogi 619 -8 Centrale 5430 80 Flat 2825 -35 Flnslder 183 4-1 Gen lmmob 8175 -1 75 I FT Pn 2830 •11 Ilalcementi ***** -280 1 taigas 795 •IS Ilalsider 388 -12 Magneti M Pf 530 unch Marelll Ere
      100 words
    • Article
      Moderate trading
      1012 8 NEW YORK A SHARP late sell-off drove stock prices broadly lower on Wednesday in moderate trading after a rise In the prime rate spread through the banking Industry. Analysts said the stage for the sell-off was set earlier when the market proved unable to sustain Tuesday's technical rally,
      1,012 words
    • Article
      Toronto
      245 8 SEPT n CI Abitibi 18 ft Mean 37 V. -ft Algoma 24 ft ft Bank Mont 23 V. ft Bank Nova Saotla 20ft -ft Bell Tel 81ft ft Beth Corp BP Can Ltd 18^ unch Braacan IBS ft Camp Red Lake 48^ 1ft Can Imp Bk 29 V. •ft
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    • Article
      Jo'burg
      111 8 nrr r Rand MININGS Anglos 630 uncti Blyyoort «10 -29 Brand MM unch Charter m 12 Com Odd 410 S De Been Def 757 -6 E R Com 4ft K R Prop* SM -9 Easdrte 1400 -30 Frcguls 3529 Gen Mnf SMS IS Ootd fields 2900 -29 Harmony 706
      111 words
    • Article
      Light electricals drop
      517 8 TOKYO Source: DBS-Daiwa THE market was relatively firm yesterday, although forerunning light-electrical, pharmaceutical and mediumsized steel issues dropped on proftt-taklng. Turnover and total sales value continued to expand In the morning session, machinery, chemical and construction Issues were active and higher, along with department store and some
      517 words
    • Article
      Lock icon Hongkong
      420 8 Source: SHK Sec THE market was remarkably steady yesterday morning as turnover fell dramatically In the face of uncertainties over Interest rates. Small sellers were expected to dominate the market but In fact some good support was noted and. In late trading, prices firmed across the board as whispers
      Source: SHK Sec  -  420 words
    • Article
      Sydney
      237 8 SEPT 28 Cent! INDUSTRIALS A.C.I. 187 unch A.N.I. 180 unch A P M 118 -2 Ampol Pet. •1 B H P 876 -10 Bank NSW 774 -8 Boral 270 -2 Brambles 2118 -1 C B A 268 -2 C S R -2 Coal Allied 470 unch Dunlop 141 -2
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    • Article
      Bangkok
      131 8 8ept» Bakt Bangkok Bank 308 unch Bank of Ayudhaya Ltd 270 unch ThalDanu unq Thai Farmer* Bank 353 unch Thai Commercial Bank 754 -6 Industrial Finance Corp 2.595 -20 General Finance 332 +20 Bangkok Investment 328 unch First Trus'. 312 +8 Raja Finance 1,230 20 Lee Kwang Ming Trust
      131 words
    • Article
      Manila
      103 8 8 KPT Pcaoa Acoje Mining 0125 +0.001 Atlas Con. A K J Atlas Con B 23 10 +U-5 1 Baguio Gold .014 +0.0005 Beniuet Con B BF Goodrich 38 SO CDCP 32.00 unch. Inco B Landoll 0175 -o.tooi Lepento B 28 Marlnduque B 7.60 -or* Meralco 28 00 +2.25—
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    • Article
      Selected indices
      62 8 FINANCIAL TIMES INDUSTRIALS Wednesday 506.0 Tuesday 514.2 Week Ago 529.1 DOW JONES AVERAGE INDUSTRIALS Wednesday 860.11 Tuesday 868.16 Week Ago 857.1# LONDON DOLLAR PREMIUM Wednesday 90 to 90H Tuesday 90 to 90% H.K. HANG SENG Thursday 645.37 Wednesday 637.77 Week Ago 628.21 SYDNEY INDUSTRIALS Thursday 476.13 Wednesday 477.98
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    • Article
      CHICAGO BOARD OPTIONS
      1993 8 CHICAGO Board Options Exchange volume expanded to 153,837 contracts on Wednesday from 112,126 on Tuesday. OPTIONS OCT JAN APL STOCK Alcoa '40 4 5/8 8 3/4 UNTRD 44 5/8 Alcoa 45 1 3/8 3 1/4 ft 44 5/8 Alcoa SO 3/18 1 3/8 2 1/2 44 5/8
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      171 8 Why Reduce T i Canon PLAIM MK« concn Oversize documents are one of the most annoying problems for professionals on the go in today's business world. Difficult-to-handle items cause endless frustration for those who rely on attache cases. Size standardization is one solution. The Canon NP-5500, a brand-new versatile reduction
      171 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Ashton Mining offers stake to public
      385 9 ASIAN THE Australian public will 'tte offered 40 per cent of the 70 million 50-cent par Shares Issued capital of Ashton Mining Co Liability (NL), the float-off of pan {of Malaysia Mining Corp Bhd's 27 per cent stake In the Ashton diamond exploration Joint
      385 words
    • Article
      Lock icon ANSETT PROFIT UP
      76 9 Reuter ANSETT Transport Industries Ltd reported an operating profit of A 518.41 million ($17.27 million) for the year ended July 1 on trading revenue of $510.53 million ($440.80 million) and other income of $7.18 million ($684 million). Profit is after tax of $14.53 million ($12.54 million), fixed
      Reuter  -  76 words
    • Article
      Shaw Brothers buoyant
      154 9 SHAW Brothers (Hongkong) Ltd said group net profit came to HK129.3 million ((17.49 million), for the year to March 31. Final dividend at 26 cents (same), making total 40 cents (same). Books closed Oct 20 to Nov 2 Inclusive. Hongkong and China Gas Co Ltd has announced
      154 words
    • Article
      San Miguel
      35 9 SAN Miguel Brewery Ltd second 1978 Interim dividend 10 cents (16) on capital raised by one-for-one bonus issue. First two 1978 dividends total 20 cents (32). Books close Oct 5 to 20. Reuter
      35 words
    • Article
      Lock icon SIP raises US$40m for investment
      268 9 r BONDS&LOANS A Reuter ITALY'B state-controlled telephone company SIP is raising US$4O million through an eight-year loan at one per cent over London Interbank offered rates. Sources at BlP's parent company, Stet, said the loan win be managed by Chase Manhattan in Frankfurt and will
      Reuter  -  268 words
    • Article
      Lock icon FUJI BANK ISSUE
      56 9 Reuter THE FUJI Bank Ltd said It plans to Issue a US$3O million three-year floating rate certificate of deposit. The Issue Is being managed by Full International Finance Ltd. Interest will be payable semi-annually with the rate for each period at 1/4 per cent above London interbank
      Reuter  -  56 words
    • Article
      Higher franc may hit sales at Nestle
      499 9 EUROPEAN NESTLE SA will almost certainly report a decline In group sales this year from the 1977 record level of 20.1 billion francs because of the appreciation of the Bwlss currency since the start of 1978. The managing director Mr. Arthur Fuerer said
      499 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      358 9 Taiping Consolidated Berhad Preliminary Announcement off Audited Results For the 18 Months Ended 30th 1978 The Directors of Taiping Consolidated Berhad will recommend to the Shareholders at the Annual General Meeting of the Company to be held in Kuala Lumpur on 23rd November 1978 the payment of a final dividend
      358 words
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      Page 9 Advertisements Column 2
      455 9 ■H Hi 1111 V Benta Plantations Berhad Preliminary Announcement of Audited Results For The 18 Months Ended 30th June 1978 The Directors of Benta Plantations Berhad will recommend to the Stockholders at the Annual General Meeting of the Company, to be held in Kuala Lumpur on 21st November 1978, the
      455 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1468 10 BID and offer price* officially luted 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. All Time Settlement Contracts are quoted after the word "sett." Big Board deal
      1,468 words
    • Article
      Government bonds
      97 10 4 1/2% 1/VBO 250.000) (99.528 99.605) 4 3/4% 15/9/80 (250,000) (99.978 100.05S) 5% IV4/8I (250.000) (100.108 100 20S) 5 V 4% T F IVS/81-M (250.000) (102.355) 7% 1/8/85 (250.000) (100.708 100.858) 7 1/4% 15/4/8 C (250.000), (100.75B) 7 1/4% 15/10/86 25Q.000) (100.75B) 7 1/4* 1/5/87 (250,000) (100 70B)
      97 words
  • Article
    SHARE INFORMATION SERVICE
    2500 10 Gr'» Gr'a Net 1978 Last Div Div Y'ld P/E Vol Day High Low Company Sale +or- C'vr COOO) High Low SECTION ONE INDUSTRIALS 272 132 Ac ma 240 +5 12 ON 1.3 5.0 26.0 4 240 239 238 123* Alcom 234 10.0 2.2 4.2 17.3 178 112
    2,500 words
  • Article
    Unit trusts
    153 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager* prion for Sept 28 Sept 29) (Current pri The Commerce 2 20 2.34 INCOME BOND 1.09 1.15 The Saving Fund Spore Prog Fund S pore Security Fund 1.38 1.01 1.46 1 07xd MARA BUMIPUTRA FUND (Manager*' price* fair Sept 291 1.86
    153 words
  • Article
    In Kuala Lumpur
    1991 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 Alcem 42) 2.00 XD. Btn 0 788 0.808) <12) 0 76
    1,991 words
  • Article, Illustration
    Share prices move up
    754 10 SHARE price* firmed on the Stock Exchange of Singapore yesterday following the move by the Kuala Lumpur Stock Exchange to curb exceuive abort-selling. But uncertainty and apprehension surrounding Sime Darby's results due to be announced after trading hours resulted in a very jittery market in the
    754 words
  • Article
    KLSE finishes on mixed note
    782 10 THE Kuala Lumpur stock market fluctuated over reduced trading volumes yesterday to finish on a mixed to slightly steadier note. Most counters were marked moderately higher but a number of the more actively traded issues such as Haw Par and Sime Darby were traded lower
    782 words
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  • COMPANY NEWS
    • Article, Illustration
      Robinson's puts up a fair performance
      597 11  -  By MANO SABNANI a; LETHARGIC performance In the secondhalf year prevented Robinson and Company from repeating the record operating profit of $4.3 million earned during the hsppy days of 1971/72. Still, the group put up a commendable performance with the pre-tax trading profit from
      597 words
    • LATEST RESULTS
      • Article
        MALAYSIA Building Society Bhd (MBS):
        70 11 Proposed a bonus Issue of one-for-ifive plus a rights issue of one-for-two, Including the bonus shares, at Ms 2 per Mil nominal share. Selangor Coconuts Bhd: Net profit M 55.49 million ($6.15 minion), year ended June 30. Net proceeds 23.55 million (24.78 million). Final dividend
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      • Article
        The Kuala Sidim Rubber Company Bhd:
        47 11 Group net attributable profit M 53.3 million ($5.0 million), year ended June 30. Final dividend 15 cents gross (35) on capital increased by three-for-one bonus issue, payable Nov 29 to shareholders registered on Oct 31, making total 20 cents (35 cents).
        47 words
      • Article
        Austral Amalgamated Tin Bhd:
        37 11 Audited after-tax profit M 54.86 million ($4.85 million) year ended June 30. Final dividend 50 cents gross (same), payable Nov 7 to shareholders registered on Oct 20. making total 80 cents gross (same).
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      • Article
        Tronoh Mines Malaysia Bhd:
        34 11 Unaudited group net attributable profit M 54.80 million-(55.08 million), six months ended June 30. Interim dividend 25 cents gross (30 cents), payable Nov 3 to shareholders registered on Oct 20.
        34 words
      • Article
        Dah Yung Co Ltd:
        32 11 Unau- dited group pre-tax profit *****,256 ($661,645) six months ended June 30. Turnover $3.23 million ($2.72 million). Parent company pre-tax profit $454,588 ($576,149). Turnover 2.99 million (2.37 million).
        32 words
      • Article
        Ayer Hitam Tin Dredging Bhd:
        41 11 Net profit M 54.92 million ($16.39 million), year ended June 30. Final dividend 150 cents gross (125 cents net), payable Nov 10 to shareholders registered on Oct 20, making total 300 cents gross (250 cents net).
        41 words
    • Article, Illustration
      YHS(M) growth back to sober rate
      347 11  -  By LOW LEE CHOO AFTER the near doubling of its current first half-year profit to $3.5 million, Yeo Hiap Seng (M) returned to a more sober growth rate in the third quarter. Consolidated group pretax profit for the third quarter of the current year
      347 words
    • Article
      DIVIDENDS ANNOUNCED
      483 11 Current Ex Books Date Total for Total for payment Date cloae payable the year previoua year M'wata 10%TE(b) Aug 24 SeptS 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% 15% Metro
      483 words
    • Article
      SCRIP ISSUES
      158 11 Company Particular* Ex Date Books Claae Rothmani Bonus issue of 1 (or 4 Oct 16 Oct 26 Cariabarg Bonus Issue of 1 for 2 Oct 18 Oct 28 TnwU Bonus Issue of one for 6 Oct 6 Oct 18 Msiaa Failla Bonus issue of 1 for 4 Oct
      158 words
    • Article
      Chersonese profit dips
      442 11  -  •y GUNASEGARAM THOUOH one of the few estate companies to have maintained palm oil output this year and increased its dividends, lower output of some other crops coupled with reduced prices brought pre-tax profit at Chersonese (FMS) Estates down to 1*589.000 for the first seven months of
      442 words
    • Article
      COMPANY MEETINGS
      122 11 ISLAND and Peninsular Development Berhad: AOM to be held at 1st Floor, Ban Hln Lee Bank Chambers, Beach Street, Penang, at 11.00 a.m. on Sept 29. Austral Enterprises Berhad: AOM to be held at 1st Floor, Ban Hln Lee Bank Chambers, Beach Street, Penang at 10.00 a.m. on
      122 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      664 11 Sime Darby, Sime Darby Holdings Limited PRELIMINARY ANNOUNCEMENT OF THE RESULTS FOR THE YEAR ENDED 30TH JUNE, 1978 The Directors of Sime Darby Holdings Limited will recommend to the Shareholders at the Annual General Meeting of the Company, to be held in Kuala Lumpur on 17th November. 1978, the payment
      664 words
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  • Article
    Recalcitrant countries will face IMF sanctions
    262 12 IMF/WORLD BANK MEETING tH E IMF has enough •owers to act against politically and economically strong countries if £iey do not live up to the .funeral international jßrreements to ensure stable monetary conditions and •rderly economic growth. fund's managing <Mrector, Mr. Jacques de said
    262 words
  • Article
    Petty squabbles and politics not forgotten
    599 12  -  By QUEK PECK LIM in Washington THE WORLD economy and monetary affairs may occupy centre stage at the IMF-World Bank meeting, but politics and national grievances are not forgotten. Syria and Libya yesterday tussled for leadership of the Middle East and neighbouring countries bloc
    599 words
  • Article, Illustration
    Lock icon LEE MEETS GISCARD
    88 12 >MR. LEE Kuon Yew having o discussion with French President Giscord d'Estaot the Elysee Palace on Wednesday. The Prime Minister was in Paris for a visit. Mr. Lee was guest of honour at a lunch for 30 people given by Mr. Walhain, general manager of the French
    Source: UPI picture  -  88 words
  • Article
    PWD gives the nod to 121 projects
    168 12 THE PWD has approved 121 projects, worth $165 .5 million for June. July and August this year. Among the big projects ai* the $50 million reformer expansion scheme by Mobil Oh, the $9 million condominium housing development in Upper Ayer Rajah Road by
    168 words
  • Article
    Chase raises prime rate on strong loan demand
    286 12 CHASE Manhattan Bank has joined Citibank in pushing up its prime lending rate to 7.5 per cent. Chase has decided to Jack up its prime because of the strong loan demand and rising interbank rates. Other foreign banks, most of which are
    286 words
  • Article
    Canada seeks curb on local textiles
    1237 12  -  CALL FOR VOLUNTARY RESTRAINTS By RONNIE LIM SINGAPORE has been approached by Canada to exercise some form of "voluntary restraint" on Its textile and garment exports under a proposed bilateral agreement between the two countries, official sources said yesterday. This follows growing concern by
    1,237 words
  • Article
    Indian joint ventures on the rise in Indonesia
    230 12 INDIAN involvement In Indonesian joint ventures Is growing significantly. It is currently estimated at US$BO million (SSIBO million) and further ventures totalling about US$l2O million are under negotiations. This was disclosed yesterday by Mr. J.L. Soares, chief general manager of the State
    230 words
  • Article
    LONDON STOCKS
    756 12 LONDON, Thurs Share prices closed lower after a quiet session dominated by concern over the prospect of more pay disputes, dealers said. The Financial Times Index was down 5.4 points at 500.6 at 3 pm, Its lowest level for over three weeks. Industrial leaders fell by up to
    756 words
  • Article
    Blowing up a loan for glass maker
    177 12 A US$9 5-million syndicated loan (about 5521.4 million) has been arranged by a multinational financial institution here for a leading Indonesian glassware and bottle manufacturer. Private Investment Company for Asia yesterday announced the signing of the seven-year loan to PT Kangar Consolidated Industries.
    177 words
  • Article
    Lock icon Jakarta expands its list of imports
    159 12 AFP THE Indonesian government has expanded the list of raw materials, capital goods and spare parts that could be imported using the deferred payment system, in a bid to ensure the prompt supply of needed commodities. The Trade Ministry announced yesterday a list of
    AFP  -  159 words
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  • Article
    SHIPPING TIMES
    2793 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World TIM following list 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. t CMMrtiUM ScanDatch has a Joint service
    2,793 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      461 13 Scan Dutch V v Fast and Regular Service To/From N.C. /SCAN/W.MED7 U.K. Singapore: Tel. *****, Port Ketang: Tel. *****1. Kuala.Lumput Tel. *****. PenangTel.6ol76 AUSTRALIA SERVICE P Katang Singapore Loading for: MAYBREEZE 5/6 OCT 3/4 OCT FREM YUE RIVER 12/13 OCT JO/11 OCT SYD.MEL.ADEL THREE STAR 11/19 OCT 15/17 OCT SYO.MELADEL
      461 words
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      Page 13 Advertisements Column 2
      461 13 *11* SAM UI V 21 Kill SAMUT 21 KITI SAMUT V 22 THAI 4fAP/#e UNF wtnps- REGULAR SCHEDULED CONTAINER FEEDER SERVICE BETWEEN SINGAPORE/BANGKOK BANGKOK SINGAPORE I 24 Sep n Sop lOd 20d 50d 70d. !»Oct UOd 14 Oct UOd »Od 20 Od BOOKINGS/ ENQUIRIES: OCEAN SHIPPING I ENTERPRISES Ml LTD
      461 words
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      Page 13 Advertisements Column 3
      427 13 ALFRED C. TOEPFER GMBH REGULAR SERVICE TO MEDITERRANEAN TORTS Of ITALY, SPAIN. FRANCE m« OINOUSSIM MAIDEN S'POK f Mm| Dnckarpai Nrtj lb Oct 13 Oct MM. U Sfm BURDEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP ft. U.K. ACCEPTING THROUGH BILLS OF LADING TO MAIN U.K. DESTINATIONS Diulur|Mf Purh P.
      427 words
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      Page 13 Advertisements Column 4
      368 13 YM ANHSING LINE REGULAR SEMI CONTAINER/ LINER SERVICE Sport PKtUnf N#»f Loadint far ANHSING UNION ADEN 5/7 Od UNION YENBO 20/31 Od J-Wl 1 1 pmi STRONGWILL ENTERPRISE (PTE) LTD .4 »08 «OtO Mf <lOO» ♦'O*! °fi V MM «|l SC S 9-0 s Hf.tmj IJ3 j| ''M :(g.44 PtHAHu
      368 words
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      Page 13 Advertisements Column 5
      91 13 Nedlloyd Lines Regular Uner Services To/From Alt Parts off tha World. Singapore: Tel *****. Port Katang: Tel *****1. Kuaia Lumpur Tal. *****. Penang Tel ***** NOTICES DAIICHI CHUO KIBEN KAIBHA. TOKYO M.V. "TOW TRADES" FROM YOKOHAMA ARRIVED ON 19TH SEPTEMBER, I>7« AT P.B.A. GO DOWN NO. 27/18 General Survey on
      91 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      836 14 XXaQOOOQ&QQOOOOCCOOOOOOOOOOOOOQQOoJ FULLY CONTAINERISED TO EUROPE rpm rum o*fM Bar 3/10 5/10 atrrfUtoaffk U/10 13/10 OMkifcy 19/10 20/10 ■mm 27/10 29/10 HMfkMf Eipmi 31/10 ImMln 4/11 6/11 EXPRESS CONVENTIONAL- TO EUROPE rpm PUmi hm. M rpm PMianf Pm BMm GtMt H'buri llawto Anhwrp n.| mini,,, 4/10 5/10 26/10 22/10 3/11 7/11
      836 words
    • Advertisement
      Page 14 Advertisements Column 2
      359 14 barber blue seal > cart**-nut s*a From: US ATLANTIC US GULF 1 EAST CANADA **20/29 Odl/2 Ha* It/17 Hot 19/29 Teniar i T«fta| Hot ft Not 39 Dec 3 Ok 7 Dk» OK It Ok IS Ok 17 3-6/10 Ml/1# I 19-21/ 12-13/11 27 21/10 14-15/11! 29-39/19 W/L SEMI-CONTAINER SERVICE
      359 words
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      Page 14 Advertisements Column 3
      546 14 LAND I ill MA mTiW DRY/REEFER CONTAINER SERVICE TO DUBAI, BANDAR ABBAS, DAMMAN, MUSCAT, DOHA, TEHRAN, ESFAHAN, JEDDAH VSL Arrives/Departs C.F.S. CLOSES 5 00 PM ADVENTURER VOO3 SEPT 29/30 sept 28 LEADER VOO6 oct 31/nov i oct 30 2 r V I 40TH FLOOR HONG LEONG 8 LOG IS RAFFLES
      546 words
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      Page 14 Advertisements Column 4
      1080 14 Burma Frvt Star Shipping Corpn. üßk "BURMESE NATIONAL LINE" LOADING FOR RANGOON HTONEYWA (P»c*) MMPP HTANTAWYWA (LaaMnt) V*OCT M(*acfc> UMPP/2IWT rnu(M«) V>on B KS.SC. Agents in Matty** TEPS MALAYSIA Port Ket»n k T-' (38) 7355 Penanf Tel. Compama Arftntina De Navejacion Intercontinental S. A. C. I. F Ur "ARGENTINE NATIONAL
      1,080 words
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      Page 14 Advertisements Column 5
      479 14 V~I KDI\I I \H m Orient Overseas Co*dci*ieA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) chevalier rue im ■errant kmi in MERCATORM OMENTAL CHIEF IM HJKMG CONTAINER 12* OMENTAL RESEARCHER4M sseasbmdgeim NEPTUNE COtAL 1M a/10 24/10 29/10 31/10 6/11 Ml 13/11 15/11 19/11 21/11 2C/11 21/1! 3/12 5/12 10/12
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      Page 15 Advertisements Column 1
      628 15 OCL Overseas Containers Limited 5 H'bun Iran, rtaa Nana I't* P. Uiaag Meet Nrte: Osaka In Sa.M *a.M Si M SaiM 4 let I 0«t HK. KS. IMiMI 111 SaiM SaiM SaiM Sa MMM I let I*. KB Sa.M Sa.M Sarted Sa.M Sa.M 11 let (K. KS £a.2e Sa.M SaiM
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      1261 15 Ajanl asrnc* of Bbn line Bk» Flmnei Gkn Lme aixi NSMO Tt M/iOBIIMW (Ma Saati a/ i Oct tt (el le.roes. Aantardi Hull. Jeeoa* U Nat Jeodah, lenats. Null. 11/14 Ott LYCAON 11/12 NX lAcceptaf csatauwrs aad kreaktaM carta) M'CMTIHIT (Via 1 Sails Lurop* f Kalanf Sinfkport PW> ti/11 act
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      935 15 BEN LINE □z* CAtMCAM UT city m EMMMBCN •SMI MT BEMVBM KOWIBBN BAY NIMH [UKU UWIIU MAN ur i «ct fct IMKI II Bet It act n Mt a act V Ml it Mt [vhss n mi UN MM t MM UT II MM 14 Ma. a m a act
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      Page 15 Advertisements Column 4
      763 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA ACCtf toOf NT l| Ikmm. (ma 2) filirtw, Aatwart. UMm Mm. Mi. M IrtaM. tMta Ciaiilicii. IWliMki «l Mm, tmiXh. M <1. ltt*M IflHll c*r|« tar <»«'* EASTBOUND FROM MED/UK/ a :i»;i rvin 1> Ctaut irl n
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      Page 15 Advertisements Column 5
      362 15 GUTHRIE BOUSTEAD S THE BANK LINE LTD. IMBS FOR E. 1 S. AFRICA (Mauritius, Reunion Sort. Durban. EX.. P.C., rtottemn) Ruantan it/11 Set S'port Mil Oct P Retanf 11/22 Oct ma (ui i iter* mei rat ainini him RIMR" STORK Fimi P. MUdf 11/U act S'pare 14,» Oct «wi Nwt
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      Page 16 Advertisements Column 1
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      Page 16 Advertisements Column 2
      793 16 I ISA/EAST CAIAIA SCNICE ACCEPT INC FCL/LCL CMTAINERS FtM PIUNC F KEUNC. STME Uatm Mr NEM YORR. CAMOEN, Nlfhl Prnant ttUW IHini S<n(aM i nimm- mat ten a, i Oct m fa mi let -VISMVA MRRAM" (NRSA 15 SCI) M/ t Oct 2/10 E.C./GREAT LAKES SERVICE f?1 rrr AGENTS. L.
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      Page 16 Advertisements Column 3
      1001 16 I'f FULLY CONTAINERISED SERVICES: ti mm <m sacs Spore P HeMf Skaaptoo H'bwf Si CREVALIEI RB2E s«M MS*t MM KM 21 MEVAUEIIS2E SaM »S«rt If let Bel 1 KETONE PEMU S Bet ikt 21 kt 2) kt Hkt K MEKirOt 13 Set 15 kt II act 4kt 5 Nev BtIEMTAL
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      Page 16 Advertisements Column 4
      628 16 r-*-i »UI<AYSIAN INWtNATIONAL SHIPPING CORPORATION §£PHAD I EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/U K /COMTINENT /SCANDINAVIA i EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT i| Man. Vm p K(i*n( Pe«»»i m*m tar ■TS la Part 1/ I Oct 4/ t Oct 1/ I Oct Bloxi 24/10. CM! ipcol 30 10. Mb.rj i
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      Page 16 Advertisements Column 5
      665 16 f INTRASEO (PTE) LTH. KtlUI INBEPENBENT StMI/mi CMTAJNCI SERVICE TB INK Mantra win MMITMH 111 UNCI Mr* r. Kliaaf i act S*ft*mpto« Marstill**' ■'OM.'Ntart hHK4»t Vrflr i Kansai Line« STRAITS/AUSTRALIA SERVICE Smppor* PHelwj ImA* tar FMTINERV. M a let Oct BlSlll/Tl «M]' Z Melbourne Kdtirtf.' 1 It tapfl miun mi)
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