The Business Times, 12 October 1978
1978-10-12
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The Business Times
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Title Section11 1978-10-12 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, OCTOBER 12, 1978 50 CENTS11 words
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BRIEFLY...
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Article76 1978-10-12 1 AFP JOHORE BAHRU,Wed. All local airline travel agents here have pledged to give their full cooperation and support if MAS flights are forced to land at Senal airport. "We will only be too willing to assist the authorities should MAS flights be forced to land at SenalAFP - 76 words
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Article50 1978-10-12 1 Reuter JAKARTA, Wed. Asean today adopted a common position for aid and development talks in Brussels next month with the European Economic Community. An Asean spokesman said the policy declaration, adopted after a three-day conference here; would be submitted to the Brussels meeting opening on Nov 20. .Reuter.Reuter - 50 words
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Article80 1978-10-12 1 AFP BANGKOK, Wed. The smuggling of tin ore from Thailand to Singapore has Increased by over 100 per cent during the past year and is expected to increase another 150 per cent In the near future, the Bangkok Post quoted Informed sources. A letter sent to theAFP - 80 words
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Article48 1978-10-12 1 UPI MANILA, Wed. President Marcos announced today a general belt tightening in anticipation of an economic recession In the next two years. Mr. Marcos met with his Cabinet and the National Economic Development Authority for about two hours to discuss world conditions affecting the Philippines. UPI.UPI - 48 words
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Article56 1978-10-12 1 Reuter HONGKONG, Wed. Hongkong's real gross domestic product Is expected to grow by 10 per cent this year beginning April 1, assuming slower growth In domestic demand and an Increase In the growth of exports, Governor Sir Murray McLehose said. He said this compares with an estimated 11Reuter - 56 words
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Article74 1978-10-12 1 UPI VIENNA, Wed. < Officials of Opec ended ai three-day meeting today confessing that there were "divergent views" on their plans to share world markets In petrochemical products. Kuwaiti Oil Minister All Khalifa Al-Sabah, at the final meeting of Opec's seminar on "downstream operations," said the divergence wasUPI - 74 words
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Article64 1978-10-12 1 Reuter LONDON, Wed. The dollar sank on the world's currency markets today, reaching a record low against the West German mark In Europe and falling sharply against nearly all major currencies on the New York foreign exchange. Again the price of gold Went to record heights. The metalReuter - 64 words
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Article48 1978-10-12 1 UPI NEW YORK, Wed. Prices headed lower In slow trading today of New York Stock Exchange issues. The Dow Jones Industrial average was behind 3.19 points to 888.42 shortly before 1500 GMT Declines led advances, 584 to 379, among the 1,464 issues crossing the tape. UPI.UPI - 48 words
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Chief Price Changes
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Article149 1978-10-12 1 Rises Most active Iiland Pen Metal Box BM Nat Iroo Fumd J C MPH Town ft City Chem Ind TganuDev Premium Hid<s Perak Carbide Haw Par London 308 240 605 150 147 125 152 136 126 58 84 13 10 +5 +2 +2 +2 1 +1 +1149 words
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Article, Illustration171 1978-10-12 1 Falls Mott active M. Cement 2.92 O.C.B.C. 8,75 N. Iron 6.00 ConapUnt 1.92 C. Storage 2.76 Tan Chong 3.06 Sime Darby 3.30 Gentings 3.52 HI and Low 3 56 ConapUnt Wrta 4.16 M Banking 5.25 Kullm 1.52 East Asiatic 2.98 Magnum Corp 3.48 Wearne 3.64 Rite Outness171 words
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Article838 1978-10-12 1 JOHN TAN - SUBSIDIARIES LAGGING BEHIND By JOHN TAN WHILE Singapore Airlines Is flying high, its six subsidiaries are less successful In attaining just-as-high an altitude reached by their parent. The six taken together, failed to match the profit growth of their parent, and proved to be a838 words
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Article277 1978-10-12 1 A NEW oil strike has been made in the central Luconia province, about 190 km from Bintulu, Sarawak. petronas and Shell announced in a JOint statement in Kuala Lumpur that Sarawak Shell Bhd had logged oil sands in Well J. 4-1. Tests are now being conducted277 words
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515 1978-10-12 1 COLIN CHEE - by COLIN CHEE DEVELOPMENT Bank of Singapore is planning to set up offices In London and New York. Sources say plans are now past the exploratory stage and that decisions on the matter will be taken soon. However, approvals for the establishment515 words
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Article348 1978-10-12 1 AN AMERICAN lndustr> study said restrictions on imports will not solve unemployment and advocates instead the free play of global competition even if It means domestic operations, such as the shoe Industry, are forced out of existence. Import industry officials also said international trade had little348 words
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272 1978-10-12 1 RONNIE LIM - •y RONNIE LIM THE Canadian government will moat likely begin discussions with Singapore next month on actions to be taken over the categories of clothing from the Republic which the Candians feel will considerably exceed in 1979 the import levels of the past. According272 words
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558 1978-10-12 1 AFP Reuter AIR FARE reductions of between 13 per cent and 33 per cent between Britain and Australia to start early next year were announced yesterday by Australian Transport Minister Peter Nixon. Mr. Nixon told the Australian Parliament that the governmentAFP; Reuter - 558 words
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Page 1 Advertisements
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Advertisement31 1978-10-12 1 TEACHER'S ROYAL HIGHLAND 2 YEAR OLD SCOTCH WHISKY Hi SSS' ,i ti g§|j®U > 12 i«s IdJ.^ACHKH'S; .p v \i. hk;HLA> 1 "4 I \K W M «,U II .is"' Eastern Agencies31 words
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Advertisement61 1978-10-12 1 Leader Pace SEE PAGE t SHIPPING TIMES IDEAS for exporteri to toy with TT 810 Tfaito Zinc fill oat to Malaysia IMPORT -export-job link SIA'S jumbo oontribatton to LETTERS to tbo MALAYAN Banl profits ikMd METAL Box bold FINANCE loans slip* MEMOPAD S, CROBBWOKDB I, AfSCXAVT SCHEDULE I. TV ft61 words
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Advertisement62 1978-10-12 1 BANK MUX SAFE DEPOSTT MA SAFE STRONG SAFE SAFEFtC Y will change your mind With maxeH tapes you can have all these problems solved plus the new epitaxial magnetic particle which can really give you new dimensions in sound experience. Perfected for the professional but enjoy by millions- IYKIXBN makes62 words
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TRADE AND INDUSTRY
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Article145 1978-10-12 2 THE Industrial Training Board Is launching a new series of surveys its fourth on its graduates to determine the relevance of its existing training programmes and courses to actual job or industry's requirements. This new series aims at iwniilnn the content of the training programmes in145 words
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604 1978-10-12 2 RONNIE LIM - By RONNIE LIM SINGAPORE toy manufacturers should consider supplying mass merchandisers in the UK with toys in the pocket-money range (retailing below £1) because there is existing opportunities for them to do so, said a Department of Trade official. The official, who was604 words
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213 1978-10-12 2 A TRADE mission of nine Singapore publishers and printers is leaving for Europe this Saturday to promote the Republic as an important publishing, distribution and printing centre. This first combined marketing effort of local publishers sad printers is sponsored by the Trade213 words
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Article83 1978-10-12 2 THE current tax and levies system in Indonesia has not enabled Japanese investment to develop as expected, according to a leading Japanese economist. Mr Taiichiro Matsuo, leader of the visiting 23member trade mission, said that Indonesian-Japanase joint venture companies should be more export oriented. However, he83 words
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Article467 1978-10-12 2 JOHN LIM - By JOHN LIM THE Philippines would like to foster closer co operation with Singapore. The country offers relatively cheaper and readily available labour for Singapore manufacturers, and Singapore can, in return, help in the marketing of goods made in the Philippines. These suggestions were made467 words
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Article385 1978-10-12 2 A LARGE New Zealand manufacturer of building materials has set up a company in Singapore to provide regional marketing support for its exports and to select centres for manufacturing ventures In Southeast Asia. The company, AHI (South-east Asia),belongs to the Alex Harvey Industries group of385 words
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Article158 1978-10-12 2 THE world-famous Bridgeport milling machine will be shortly produced in Singapore by Adcock-Shipley Textron of UK, according to the Singapore Investment News, a monthly bulletin of the Economic Development Board. The new factory, named Bridgeport Machines Singapore, is under construction at Jurong. It will have 2,000 sq.m. of158 words
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Article, Illustration233 1978-10-12 2 THE Chase Manhattan Bank has promoted Mr lia Jlew Keag to vice-president and manager (domestic commercial hanking division).He also has responsibility for Chase's trade and commodity WMwHqg Mr Lim has Just completed a one and a half year assignment at the Chase head office in New York233 words
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Article254 1978-10-12 3 MALAYSIAN exporters are not fully utilising their share of the quota under the scheme of Generalised Tariff Prefeieuces (GTP) for exports to the European Community. This, according to representatives of the Bremen Chamber of Commerce (West Germany) may be due to the fact that the254 words
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Article451 1978-10-12 3 COURSES AND TALKS Sept 26-Oct 12: Industrial Relations, Holiday Inn, P.O.D. Oct 6-28: The effective executive, SIM, SIM Oct 9/10; 12/13; 16/17; 23/24: Business Module 4, RELC, NPB Oct 10-13: Network analysis, SIM, Sim Oct 12: Targeted selection, Hilton, Consuiasia Oct 12-13: Essential management skills, Hilton, Consuiasia Oct451 words
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704 1978-10-12 3 RIO TINTO Zinc Corporation (RTZ), a London-based multinational, and its associates feel that they have established a good base in Malaysia and hope to expand in a manner that is acceptable to the Malaysian authorities. They think Malaysia has the right704 words
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Article479 1978-10-12 3 THE Malaysian Minister of Lands and Regional Development Tan Sri Abdul Kadir Yusof has given an assurance that the Malaysian government would not institute any land reform measures against foreigners owning estates and land for commercial and industrial uses. He said any such move would not only479 words
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Article178 1978-10-12 3 AFP MIDLAND Bank, the third largest bank in Britain, is opening a regional representative office in Hongkong, it announced. The bank's assistant chief general manager W.G. Kneale said a major func- tion of the new office would be to seek opportunities for the bankAFP - 178 words
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Article99 1978-10-12 3 AFP THE 1978/79 world rice crop is projected at a record level of 375 million tonnes, compared with 367 million tonnes in 1977/78, the US Department of Agriculture (USDA) reported yesterday. According to the report, most o| the increase will result from larger crops in China,AFP - 99 words
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Article, Illustration233 1978-10-12 3 Ml Stanton, a Brtttah etmpuy, will be displaying retary and fuse switches sad electric water beaters •4 the htenitlml Exhibition sf Electrical «ad Electronic Equipment (Eaex) which will he held at the Hyatt Hetel Crsm Nev f to 11. Designed fer demcstlc and commercial use, the rnnge233 words
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Page 2 Advertisements
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Advertisement328 1978-10-12 2 Our worid bankers worn around the woricLaiound the dock. 6:07 p.m. Tokyo. 11 Mm tml 57 4AB|MIL Singapore. Kh27a.m. Tok^a6:o7 P jn K. Furuhata, Fujitsu (left); and CnKaCKI. Tsurumaki, Bank of America, review Fujitsu's expanding II program of electronic exports and ■I discuss necessary documentation. London. 942&jn. Claire Taplett and328 words
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Page 3 Advertisements
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Advertisement81 1978-10-12 3 Leader... Page >§ »v! o 3»v jSs3m. WHtm. .4t* «r m IK Snpl k A A I k i 5 I ,k, i a ■j > >'ji.'f ij i .f 1 •>.• i a* 1 Spirited performance (060 KnrVh in 14.3 sees) 1 IF H, >. 4 L. 1 zrrzrzTrrzr?81 words
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Page 3 Miscellaneous
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Miscellaneous639 1978-10-12 3 [I TWO-IN-ONE CROSSWORD I CRYPTIC PUZZLE ACROSS 3 Space fiction's "bigears"? 8 A storehouse to rid of drugs(s) 10 They're eminent for great age (5) 11 Name a backward ministry (3) 12 Take things quietly (5) 13 Agreement a girl may have in the bag (7) 15 A revealing act639 words
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RAW MATERIALS
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Article459 1978-10-12 4 THE Singapore market closed slightly higher with November One RSS buyers yesterday quoted at 258.00 cents per kilo, up one cent. China did not accept offers during the afternoon and prices fell back one cent on stale bull liquidation and reserved of buyers, they added. The459 words
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Article337 1978-10-12 4 R A S prices in cent* per kilo yesterday: Noon Clow (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.8.S. prom iot f.o.b. 294.00 255.00N 254M 256.OON Int. 1 R 8 S Nov 259.00 259.50 250.00 250.50 Int. 1 R.S.S. Dec 203.00 283.50 283.00 283.50 Int.337 words
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Article30 1978-10-12 4 Rubber: Oct II Singapore: Oct 259.00 cents (up 1.00 cent) Malaysia: Oct 264.50 cents (up 1.00 cent) Tin: M 51,930 (up $36) Official offering: 193 tonnes (down 12)30 words
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Article365 1978-10-12 4 THE Singapore produce market was generally quiet on steady trading yesterday. The recent rise In pepper prices were well sustained due to overseas demand, reported pepper dealers. In addition, tbougb stocks were coming In regularly, they were committed to early buyers and so little excess was left In365 words
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Article146 1978-10-12 4 SUOAR futures yesterday closed little changed from Monday close, out fell about 0.10 US cents on the day, dealers said. The market opened about 0.10 cents higher in line with Tuesday's New York market. However, contlned profit-taking throughout the day in March at 9.75 cents restricted the advance,146 words
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Article82 1978-10-12 4 NOON 8SR and SMR prtc« n yesterday HAS Neva (Coma ■bar t Mtfc) DM (Fann ■vara irfitok) (casts par kg) 8SR20 SSRSO (1-ton pallet) (1-ton pallet) 234.00 232.00 239.006 233.00N 236.00 ZM.60 237.000 236.00N MRELB SMRSCV SMR SL SMR S SMR 10 SMR 20 SMR 50 (1-ton82 words
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Article69 1978-10-12 4 C.I.F. North European port* in US dollar* par ton ur LONDON ilaaa otberv Malajwia 5% ft* bulk per toon* November Sumatra 9* ffa October November December January Feb iiinaiy 915 «lr •37WS42M pdl S20/S22H pdj I10/V12H pdl 006 pda uncn Piiiiew «I6 Br <38 air •00 pd tan69 words
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Article310 1978-10-12 4 RAW sugar futures yesterday In London opened 0.40 to £1 per tonne down from Tuesday's 1700 hrs levels. Turnover totalled 623 lots. Dealers said values moved lower under profit-taking and local selling which met mixed scale down buying support. Steadier sterling against the dollar aided the trend dealers said.310 words
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Article113 1978-10-12 4 The HONGKONG market was up to 00 cents higher yesterday, dealers said. Turnover totalled 334 tonnes comprising Thais 107, Kw&ngtungs 184 and Australia* 73 Arrivals were 690 tonnes of Thais and 590 of Kwangtungs. rIOKONO RICK: An pricM In HK per pteui esgodown an km Kit*) TWi WUtK lApet113 words
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Article190 1978-10-12 4 YARN and cotton in Hongkong dollars, spot exgodown: Cotton Yara China: Blue Phoenix 20's 1,880 32 s2MO 40 s 2.770 (per bale of 400 lbs) Piece Goods China: Butterfly and Qlobe brand unq. Dragon Head unq. Five Lamb* unq. Plover and Butterfly unq. Plying Oeese. unq. (per piece190 words
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Article262 1978-10-12 4 THE Straits Un price In Penang rose Ms 36 per plcul to reach a new record high of $1.930. Very strong buying from Japan, Eastern Europe, the US and from local buyers, encouraged by the firmer London closing on Tuesday night moved the market sharply higher and the262 words
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Article35 1978-10-12 4 LEAD rose by £3 for cash and £3.75 for Three Months In London on Tuesday. Moderately active trading developed after lunch at steady prices although fairly aggressive selling halted any further advance, dealers said.35 words
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Article64 1978-10-12 4 ZINC on Tuesday gained £0.25 for cash and £2.5 for Three Months in London. The market was rather cautious during the afternoon with profit-taking eroding gains and Three Months traded down to £376 on the late kerb. This metal followed the general uptrend initially with Three Months setting a64 words
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Article302 1978-10-12 4 ROBUBTA futures yesterday ended the opening call slightly steadier £5 per tonne down to unchanged after initial losses of up to £22 in near November at £1,610. Turnover was 194 lots in London. Dealers said early losses reflected technical adjustments against Tuesday's weak New York close. The recovery which302 words
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Article206 1978-10-12 4 TERMINAL came under pressure yesterday in London from mixed trade and outsider selling during a prolonged opening call, to finish with losses from Tuesday night of £23 to £4.50 per tonne. Dealers said sentiment was Influenced by the ICCO Secretariat survey which placed 1978/79 production for Ghana, Brazil and206 words
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Article165 1978-10-12 4 CHICAGO soybean futures on Tuesday shed good early gains to close sharply lower, down six to 9-1/4 cents a bushel. The market turned downward around midday as locals took profits, and plunged further in the final minutes on local and commission house selling ahead of the Usda crop report.165 words
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Article80 1978-10-12 4 CHICAGO wheat futures on Tuesday closed lower but were spared the sharp losses that lilt soybean futures. Prices lost 1-1/3 to one cent a bushel to finish substantially below highs but about a cent above lows. Traders noted good mixed selling during the after- noon hours, including continued selling80 words
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Article323 1978-10-12 4 COPPER wlrebars on Tuesday rose by £12 for cash and £12.5 for Three Months In London. Afternoon values hardened on fresh buying prompted by the trend at New York and the two-cent price rise to 71 cents per lb. for ranges. Morning values were marked up Initially In sympathy323 words
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Article171 1978-10-12 4 HONOKONO silver closed HK$3 higher at $271.00 per 10 ounces, In continued quiet and featureless trading yesterday, dealers said. Fixing price was unchanged at $268.00, the same as Monday. Silver on the LME was up 8.3 to 8.5 pence per troy ounce on Tuesday In LONDON. The afternoon market171 words
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Article434 1978-10-12 4 THE kllobar in Singapore opened at 8915,970 and closed higher at 8510.053 yesterday. The high and tow were 910,063 and 915,970 respectively. The market was quiet. Spot gold for London delivery opened at U*****.40/170 and closed significantly higher at U*****.00/.40. The highest was 9225.25/.55 while the lowest was 9224.40/.70.434 words
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Article61 1978-10-12 4 ALUMINIUM on Tuesday rose by £4.5 per tonne and Three Months closed at £592 to £592.5 per tonne in London. Some fresh buying gave support during the afternoon with Three Months trading upto £593 during ring and kerb dealings. Modest buying interest during the morning was prompted by the61 words
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MONEY AND EXCHANGE$
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Article423 1978-10-12 4 THE U8 dollar was traded down against the major currencies on foreign exchange markets yesterday. Against the yen, the dollar opened low at 187.40/60 before being traded down to 187.10/20. London opening however saw dealers selling the •dollar down further to 186.30/ 40 despite Carter's announcement that the423 words
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Article129 1978-10-12 4 Asian rates ASIAN currency deposit rate* u at cloae on Oct 11 US Ml oam interbank "ST" 7 days 1 mth 2 mthi 3 mth* 8 mthi 9 mth* I2muu .9 1/10 .11/4 .9 5/16 .07/0 .101/10 .101/1 10 1/B Mr. Fra. 015/10 15/1 03/10 03/4 013/10 10 10 Dm.129 words
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Article15 1978-10-12 4 THE awaci rale at which Siafapara bub aia curt—Uy pngani ta Vmd to toTJSpvoMt.15 words
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Article110 1978-10-12 4 Euro rates LONDON dollar depostu opening quote, yesterday Overnight 6-16/16. 6-13/18 ThurvTYl 36-1/3. 36 Weekend 3-3/3, 3-1/4 Call two da y< una Seven days fix and notice 9-1/16. 819/M One mtha 3-3/4, l-M Two mtha 6-9/16. 6-3/16 Three mtha 9-3/4. 9-9/> Four mtha 9-7/3, 9-3/4 Phre mtha 19. 9-7/3 81*110 words
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Article39 1978-10-12 4 THE Monetary Authority of Singapore Invites tenders for a total of $30 million 01day Treasury bills to be issued from Oct 10 to Oct 30. Each tender must be for an amount not less than $250 00039 words
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Article58 1978-10-12 4 ZURICH exchanges elortng quotas on Oct 1ft US *****-6730 Slf 3 109-1147 C*.n S2f*-S2m Dak BJIM WH DPI 78 rsm 4491 P Pr 36.4991-9616 B rr 5 2503-2598 D KX 29 8525-8862 If ICT 31 2257-2681 S KT 39 9961-9319 ut oint-itie AOS Kb 11 MM-4291 Part 3.4644-4794 Spain58 words
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Article280 1978-10-12 4 DOLLAR selling continued at the opening on unchanged sentiment, then eased off with the US currency at new lows against the mark, dealers said yesterday. There was some resistance at the 1.88 mark level, leading some dealers to suggest the German central bank might have been active, but. the280 words
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Article245 1978-10-12 4 THE dollar on Tuesday closed somewhat weaker from opening levels In generally quiet trading, dealers said. They said the US unit eased rather steadily throughout the day as there were no new factors affecting the market. The noted trading was somewhat subdued ahead of President Carter's news conference.245 words
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Article130 1978-10-12 4 THE US dollar yesterday was quoted at the day's lowest levels against major currencies in fairly active late trading, dealer said. The market was cautious ahead of President Carter's fresh anti-inflation measures expected to be announced soon, but dealers said they do not expect the steps to have any130 words
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Article155 1978-10-12 4 THE U8 dollar was quoted at the day's lowest levels against major currencies In fairly active late trading, dealers said. They said the US unit was depressed by some substantial European, mainly Swiss, commercial selling and by market disappointment at a lack of new initiatives from President Carter's press155 words
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Article21 1978-10-12 4 AUSTRALIA HZ nirtlnun *****11 l "ZflFi.mvi.im OTdftrun? Mlnoty-day forward baying Ihsrss? MBW ZSALAVD: Starts* MN4/MM USSEIJWS I Mp 258 ÜB*\imi21 words
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Article30 1978-10-12 4 rBAWKruBT axebantaa cloalt* Quotas on Oat 1* os iwrnm Can 1.0130*0 DfIBMI S Pr 120 10/16 Ut 2.8M12 P ft 44.07/17 om i wnm B rr (can) 0*44/164 wEsr*™30 words
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Page 4 Advertisements
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Advertisement137 1978-10-12 4 SOME Sandra Scoppettone On June 8,1931, the body of a young and startlingly beautiful woman was washed up on Long Island Beach. In that hot, uneventful summer it caused a sensation especially as the newspapers proceeded to disgorge an incredible story. The cause of death was never determined. Starr Faithful137 words
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OVERSEAS
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957 1978-10-12 5 TWO US Investment groups are proposing to offer new highly speculative forms of mutual funds to bring small investors into.the world of financial highrollers International currencies and gambling stocks. A Swiss broker and a Philadelphia gabbling and sports association have asked the957 words
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Article501 1978-10-12 5 Reuter FRANKFURT dealers increasingly see the gold market as overbought,Degussa said in its regular precious metals bulletin. Technically the market needs a reaction following the sharp rise in the gold price after the metal gained 4.3 per cent in September in dollar terms and 1.8 perReuter - 501 words
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WORLD IN BRIEF
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Article408 1978-10-12 5 Agencies IRANIAN workers in several state-owned companies added a new demand to the nationwide strike of civil servants and government and private factory workers— send the foreigners home. While the walkout of civil servants throughout the country moved into second week, several thousand employees of theAgencies - 408 words
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Article, Illustration896 1978-10-12 5 Reuter THE British Treasury announced a new order affecting control of ordinary dividends when there has been an issue for less than full financial consideration of stocks or shares other than ordinary shares. The change has been introduced as there have been attempts toReuter - 896 words
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Article168 1978-10-12 5 TALKS m pay ptUey between British CaUaet ministers aad utea leaders eaded wtthaat agreemeat ea Wednesday, Trades Ualea Caagreas geaeral secretary Lea Msrray said. Searees said the Prime Mlalster made It clear the gaveraaieat la determlaed ta malatala its staad aa a S per eeat geaeral168 words
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Article157 1978-10-12 5 Reuter The US Senate has overwhelmingly approved a U5529.3 billion (Ss67 billion) tax cut Bill which President Carter earlier threatened to veto unless it were scaled down to an acceptable size. Only hours after Mr Carter's veto threat, senators voted 86-4 in favour of theReuter - 157 words
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368 1978-10-12 5 DIVIDENDS will rise at an annual rate of about 11 per cent after three years of Canadian dividend controls end this week, analysts forecast. But they expect no sudden upsurge In payments and no marked downward pressure on the Canadian dollar because of increased368 words
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Article326 1978-10-12 5 THE steep rise in Britain's central government deficit disclosed in Treasury figures probably overstates the underlying trend fop the crucial public sector borrowing requirement(PSßß), government officials said. The central goverment borrowing requirement (CGBR) at £4.89 billion (5J20.5 billion) is more than double that of first half326 words
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267 1978-10-12 5 Reuter THE SWISS cabinet's proposals on taxing banks contain a recommendation for a 5 per cent witholding tax on interest paid on trustee deposits. A cabinet spokesman said the proposals are contained in a report sent to the finance commission of the Upper HouseReuter - 267 words
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Article69 1978-10-12 5 Reuter JAPAN'S seasonally-adjust-ed private sector orders for machinery, excluding ships, rose 31.7 per cent to 381.19 billion yen (Ss4 billion) in August from 289.54 billion in July, when they rose 15 per cent from June, the Economic Planning Agency said. August orders were up 48.5 per centReuter - 69 words
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Article623 1978-10-12 5 ARRIVALS Service Local Operator Nuber Tine Froa SIA SQMO 1210 MES SAS SK087 1235 CPH/THR/BKK SIA SQ201 1245 HLP THAI TG413 1250 BKK MAS MH684 1250 KCH GIA GA891 1255 AMS FRA/KHI/ CMB MAS MH651 1330 (MES)/PEN/KUL SIA SQS1 1340 BKK SIA SQ455 1310 BWN GIA GA300623 words
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Page 5 Advertisements
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Advertisement19 1978-10-12 5 2? 7/A r, 3 ?~&-K.24Cb*. v 'f'*•.' w ?f T*J* -iSf w. <7i I > I I >T I > •419 words
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Article345 1978-10-12 6 THE Rio Tlnto Zinc Corporation has finally decided to expand Its investments In Malaysia. This Is no mean bouquet to the country since RTZ Is a notably cautious Investor, not one to jump quickly Into a country without examining its prospects with meticulous care345 words
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Article258 1978-10-12 6 AGGRESSIVE banking is the hallmark of any International bank desiring to make Itself felt in the world. With the plans of the Development Bank of Singapore to set up branches in New York and London, it would appear that the Big Four of domestic258 words
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Article, Illustration1689 1978-10-12 6 A liberal trade policy can create jobs, and the American Importers Association has commissioned a study entitled "Imports, Exports and Jobs' 9 to prove it. Here are interesting excerpts from the study. A RENEWED drive to "protect" American industry from the1,689 words
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Page 6 Advertisements
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Advertisement248 1978-10-12 6 m ■■i-X mm: £9. TERRIFIC! >> «P J sSFIBSS kSmIH ion hai i i -AvV f* n i't>« 4 sf>o k f UP -N > ww f v.-n# wmjiv ai juiijci #.w i annountrmmib n.uu uost. mm > i Hotel Royal-RAMADA Newton Road, Singapore 11, Republic of Sing*>ore Telephone *****1.248 words
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Page 6 Miscellaneous
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Miscellaneous60 1978-10-12 6 WEATHER outlook for Singapore from 6 am. to noon today: Isolated showers. Report for 24 hoars prior to 7.30 pm on Oct 11 at the airport: Maximum Temperature 30.6° C Associated Humidity S3 Minimum Temperature 2S.O°C Associated Humidity 97 Hours of Sunshine 3.05 Rainfall in Millimetres 6.4 Total Rainfall for60 words
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Miscellaneous293 1978-10-12 6 SINGAPORE 5 3.00 PM Opening followed by Star Performance The Gift 3.30 Diary of Events (Chinese) 3.35 Home Sweet Home A Mandarin drama serial. (Repeat) 4.20 Intermission 6.05 Opening followed by What's My Line 6.30 News in Brief 0 6.35 The Struggle for Survival (Repeat) 7.00 Rampaian Sukan 0 News293 words
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Article, Illustration1274 1978-10-12 7 JOHN TAN - u 'o-By JOHN TAN SINGAPORE Airlines last year undertook a massive and unprecedented capital atopanslon programme designed to add 20 per cent rtrore carrying capacity iyery year for the next five yea». 1 This capital expenditure wfes' accompanied by a deterioration1,274 words
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Article284 1978-10-12 7 THE WORD "Jap" as an abbreviation of Japanese cannot be regarded' as offensive or derogatory when used in a newspaper headline, the Press Council of London decided yesterday, fcijapder had complained MM* the headline "Japs OH9 to Buy British" used ffl# newspaper was racially jSaauve but284 words
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Article154 1978-10-12 7 DENIS W. DISTANT - Letters to the Editor DENIS W. DISTANT I READ with interest your lead article on the two aew public issues by bank-backed investment trusts. It was well written. However I do not follow your writer's logic when he states that "the very fact that154 words
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Article76 1978-10-12 7 KOH LING HOO - KOH LING HOO THE SES Committee which conaiata of five member* haa been in office since 1973 when the Exchange waa formed. It ia high time that the authorities concerned restructured the SES, ao that henceforth it truly represents a wide crosssection of the public other than broker*'76 words
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885 1978-10-12 7 PETER KRAUSHAR - FORUM w v ...on innovation L A »y PETER KRAUSHAR FT ALL OVER the land executives and directors are scratching their heads in an attempt to find new development opportunities. Many are new at it and are rightly worried aboutFT - 885 words
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Page 7 Advertisements
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Advertisement402 1978-10-12 7 ■w»r» m Ml MB Mil n till ii i T i K 4 1 1 a 3 1- Imtd 1! 13 M f i 4 jpg. f I I §ps f I w t Wft il 1 P f jWw S Jp, w a 1® r r •J* v >402 words
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Page 7 Miscellaneous
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Miscellaneous67 1978-10-12 7 Ip rt- cooW spepfc- \y iooold be. CA|»r>g 'KJruSe. am f V*ibß.<e am I P v CRfVMT- Gf€.T OH U)»th t "foufc ujoKK r COCK' \s nc» SalvOihorN CX ft he, liWr,Ftyng DuVtV>mc»rv cJoOrrifeC* -to +*OVt\ UJOfk* VoiteVc.r CM, BriStcW iFfcxkDictens Gentle, r ßoder, QfV©C I*3 SOjCXX"n in +he son67 words
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INTERNATIONAL STOCK MARKETS
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Article568 1978-10-12 8 EUROPEAN MARKETS ZURICH prices closed easier In restricted trading overshadowed by the continued currency Instability on Tuesday. Investors are also wondering how long the Swiss National Bank can maintain the degree of Intervention on the foreign ex- change market evident In the sharp rise in reserves announced568 words
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Article168 1978-10-12 8 OCT IS Francs Actions Suisses 265 unch Alusuisse Br 975 -5 Alusuisse Reg ♦42 B Brown Boveri Br. 1530 -5 Clba Geigy Br 920 -10 ClbaGeigy PC 680 +5 Clba Oeigy Reg 553 +2 Credit Suisse Br 2150 -10 Credit Suisse Reg 412 -3 Elektrowatt Br 1760 -25 George168 words
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Article277 1978-10-12 8 OCT 10 Frs CokBElLLE Air-Liquirte 379 unch B S N Ctervals I hi none 615 10 CSFIThomsonCsf) 418 -2 Cie Francaise ties Petroles 144.70 ♦3.2 (ompagnle Financier* i ompagnle 418 -11 Cienerale Credit Foncier De France 407 80 -1.7 Hachette iLibrairie) 268 -2 Machines Bull 57 50 -0.4 Michel277 words
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Article93 1978-10-12 8 OCT 10 Lire 4-/-Anic 75 -7 Assoc Gen ***** -150 Hastogi 640 •U Centrale 5489 -21 Fiat 2957 -20 Hnsider 179 75 -1 (Sen Immob 84 -2 IFI Prl 2701 -9 Italcementl ***** -195 Italgas 782 -8 25 Ilalsider 365 -2 Magneti M Pf 529 -0 Marelll Ere 33093 words
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Article157 1978-10-12 8 OCT It Dm Aef-Telefunken «T -2.9 Akzo Allz Leben AIlz Vers BASF 142 40 ♦1.4 BayHTWbank Bay V bank Bayer 144 1.1 BBC BMW 227 -2.5 ('assella Chem Verw Commerzbank 236 00 1.6 Conti Gummi 75 -0.2 Daimler-Benz 346 1.5 Degussa Demag 182 ♦6.® Deutsche Bank 315.50 ♦4.1 Dresdner157 words
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Article218 1978-10-12 8 OCT It FU ABN 373.00 •1 Ahold ***** +0 3 Akzo 32 00 ♦0.2 AMEV 89 70 ♦0.1 Amfas ***** •1 Amrot Bank 77 90 -0.3 Bergoss 64 00 0.5 Berk 91 50 -28 Bols 74 00 -1 BorsumlJ 158 10 -8.1 Burhmann 73.80 -0 8 Byenkorf 97 30218 words
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Article93 1978-10-12 8 OCT Fn FORWARD MARKET Arec 455 ♦5 Arbed 2445 -5 Astur 780 -t-22 Bra scan 480 •4 Bru-Lamb 1600 -20 Canpac 652 14 Cock 454 •2 D»- Beers 213 3 Ebes 2320 unch Electrobel 6820 -30 Ob-Inno-Bm 2470 -5 Gev 1436 •1# Hobok 2850 50 Petro 3645 unch Hyl93 words
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Article50 1978-10-12 8 LLOYDS Bank Ltd said it plans to set up a new management company responsible for domestic banking operations from Jan 1. leaving the bank's main board free to concentrate on overall strategy. Shareholders wlliT be asked to approve the plan at a meeting scheduled for Nov 3. Reuter50 words
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570 1978-10-12 8 TOKYO NON-MAROIN Incentlvebacked Issues and pharmaceutical Issues continued to rise yesterday. However, the Nikkei Dow-Jones average declined, since export-related issues such as llght-electrlcal and auto Issues lost ground on light volume. Institutional Investors were heavy buyers of pharmaceutical and medium-sized steel Issues. Turnover was relatively heavy570 words
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Article363 1978-10-12 8 A DISMAL market throughout yesterday saw the tndex hardly changed and no sector particularly outstanding. Nervousness ahead of Hutchison Whampoa results could have caused the morning malaise, but a total lack of Interest after the disappointing announcement was quite surprising. Some reasonable sized orders In HK Electric saw them363 words
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Article294 1978-10-12 8 GAINS by BHP and selected bank stocks were the main features of otherwise quiet, dull trading yesterday. BHP rose 18 cents to A 58.74, the Bank of NSW eight to 57.84, and the ANZ five to $3.90, while the CBA fell three to $2.55, the CBC two to $1.98294 words
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Article1591 1978-10-12 8 October 10 CHICAGO Board Options Exchange volume expanded to 139,103 contracts on Tuesday from 124,141. OPTION 8 OCT JAN APL STOCK Alcoa 40 103/4 111/2 UNTRD 501/2 Alcoa 45 S 07/8 81/2 501/2 Alcoa SO 15/10 35/8 4 3/4 SO 1/2 Am Exp 30 4 5/8 UNTRD1,591 words
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Article106 1978-10-12 8 OCT 11 Peso* Aroje Mining .0115 unch Alias Con A Atlas Con. B 23.10 -0.3 Baguio Gold .015 unch Benguet Con. B 41.00 -0.5 BF Goodrich 28 00 -0 25 CDCP 29 25 -0 25 Inco B Landoll 019 +0.001 LepanloB 2950 unch Mannduque B 7 50 -0.4 Meralco106 words
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Article177 1978-10-12 8 Oct 11 Baht VBangkok Bank Bank of 376 unch Ayudhaya Ltd 266 -2 Thai Danu 302 unch Thai Farmers Bank 354 ■2 Thai Commercial Bank 748 +6 Bangkok Metropolitan Bank 5 500 Industrial Finance Corp 2.535 -20 (ieneral Finance 406 -4-18 Bangkok Investment 330 -4 Raja Finance 1.690 unch177 words
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Article1331 1978-10-12 8 NEW YORK STOCKB eased In moderate trading on Tuesday, after moving In a narrow range throughout the day as Investors grew cautious ahead of President Carter's 1800 EDT news conference. Analysis said the day's action was mainly technical, with early profit-taking on the heels of1,331 words
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Article55 1978-10-12 8 FINANCIAL TIMES INDUSTRIALS Tuesday 509.3 Monday to 81* H.K. HANO SENO Monday 510 2 Week Ago 506.2 DOW JONES AVERAGE SYDNEY INI DU8TRIAL8 INDUSTRIALS Wednesday 4M 58 Tuesday 891.83 'Tuesday 80 Mondahy 893.19 Week Ago 887.90 ALL ORD Wednesday LONDON DOLLAR 9ff 52 PREMIUM Tuesday SM.77 Tuesday 79*55 words
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Article341 1978-10-12 8 Toronto SHARE prices closed higher In active trading on Tuesday. The Composite Index was up nearly nine points with advances In 13 of Its 14 component croups. Gains led losses 274 to 173. The Gold index was up more than 48 points on higher bullion prices. Dome341 words
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Page 8 Advertisements
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Advertisement330 1978-10-12 8 CHINESE SHADOWS Simon Leys S jr. y r "Finally, the book that demystifies China" Stanley Karnow, author of Mao and China Chinese Shadows takes us behind the shadowplay that is all most Westerners ever see of today's China. Scathingly critical of foreign journalists who whitewash the Cultural Revolution, Simon Leys330 words
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INTERNATIONAL COMPANY NEWS
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626 1978-10-12 9 ASIAN Reuter WESTERN Mining Corp Ltd (WMC) hopes to have necessary official approvals before end-1978 to proceed with stage one of Its Yeeilrrte uranium development in western Australia, WMC chairman Sir Arvl Par bo said. These include environmental impact approvals, federal ana stateReuter - 626 words
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Article278 1978-10-12 9 Reuter NEWS LTD reported an unaudited consolidated operating profit of A 513.72 million ($14.16 million) for the year ended June 30. Turnover at $195.71 million ($172.88 million), other income $2.88 million ($2.24 million). Profit is after tax at $5.82 million ($6.08 million), depreciation $3.13 millionReuter - 278 words
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Article377 1978-10-12 9 EUROPEAN TRADING conditions in the Guinness Beat Group continue to be satisfactory and Lord Kissin, the chairman says subject to international trading conditions, he has every confidence in the group's future. The balance sheet shows further improvements and net assets now stand at 135. lp per share.377 words
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92 1978-10-12 9 Reuter MITSUBISHI Motor Corp reached basic agreement with Chrysler Australia Ltd, to help Chrysler Australia reconstruct its business. A Mitsubishi spokesman however, could not confirm a report in the Japanese daily. Nihon Kogyo Shlmbun, that Mitsubishi has decided to acquire a 30 to 35Reuter - 92 words
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258 1978-10-12 9 HutchisonBoag to run down unit's activities Reuter HUTCHISON-Boag Ltd said It has decided to run down the activities of Its subsidiary Far East Engineering and Construction Co Ltd. In Its Interim report, It said Far East Engineering needed additional provisions because of Increased labour and material costs associated with uncompletedReuter - 258 words
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Article64 1978-10-12 9 TWO PUBLICLY-quoted Hongkong power utilities have announced Improved profit performance In he first six months of this year, to June 30. Hongkong Electric Holdings, one of the two major electricity companies In Hongkong, announced a 26 per cent rise In pre-tax profit to HKIIO6 million and64 words
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210 1978-10-12 9 Reuter WHEELOCK Marden j Investments (Australia) Ltd said negotiations on a i possible partial bid to i shareholders are taking I Frtace In Hongkong between ts major shareholder, Wheelock Marden and Co Ltd, and other parties. If an offer is made for aReuter - 210 words
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Article, Illustration172 1978-10-12 9 Reuter GENERAL Motor Corp's Vauxhall Motors Ltd subsidiary said it has introduced two new cars aimed at increasing Its share of the British market and expanding its range into the luxury class. The cheaper model, the Carlton, replaces the VX Victor range, phased out in August, andReuter - 172 words
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Article1048 1978-10-12 9 FINANCING POLITICAL DEVOLUTION FT SPANISH regional banks have begun to Tire the opening shots In what promises to be a heated debate over now far political devolution should be publicly or privately financed. In Valencia, on Spain's east coast, three small commercial banks and a savings bankFT - 1,048 words
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Article, Illustration227 1978-10-12 9 N AMERICAN t 4 Reuter CASIO Inc will double its calculator sales this year after two relatively flat years. Casio president Mr. John McDonald said the company's watch business is also doing well. Mr. McDonlad said 1978 marked the first year the wholly-owned subsidiaryReuter - 227 words
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Article255 1978-10-12 9 READB, a subsidiary of American can and the second largest manufacturer of metal containers In the UK. Is to invest more than CIO million In a new plant to Increase the company's can production capacity of 25 per cent and provide at least 100 new Jobs. The255 words
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Article417 1978-10-12 9 Reuter MAOIC CHEF Inc Is regarded among Wall Street analysts as a secondary company In the kitchen appliance field behind such giants as Whirlpool, Maytag and General Electric. But the performance of the company's stock recently has been second to none In its group. LastReuter - 417 words
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Article92 1978-10-12 9 r —< BONDS& LOANS Reuter TOKAI Bank Ltd Dalwa Bank of Japan and Came Nationale de Credit Agricole of France will arrange a UBS2O million syndicated loan Tor Yugoslavia's Prlvredna Bank Sarajev In cofinance with World Bank's $55 million loan to the Yugoslav Bank. TokalReuter - 92 words
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77 1978-10-12 9 Reuter COMMERZBANK International 8A is making a 100 million mark private placement over five years and two months with a 5 per cent coupon. Bond market sources said the issue has been priced at 99% per cent and is underwritten by parent company Commerzbank AO. Earlier thisReuter - 77 words
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Article60 1978-10-12 9 Reuter THE BOWATER Corp Ltd will prematurely redeem its 45 million franc 5 per cent bond 1965/81 at par on Jan 15 next year. The Zurich stock exchange said Pepsico Capital Corp NV of Curacao will redeem its 60 million franc 6% per cent loan 1973/88 earlyReuter - 60 words
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Article40 1978-10-12 9 THE REPUBLIC of Austria is floating a 150 million mark 12-year Eurobond with a 5-3/4 per cei\t indicated coupon. Bond market sources said the issue has a six-year grace period and final terms should be set late next week.40 words
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Article49 1978-10-12 9 THE LONG Term Credit Bank of Japan (LTCB) Is issuing US$l5 million of floating rate certificates of deposit. Nippon European Bank SA In Brussels, as sole'lead manager, said the lfsue. to be launched today will be at a 1/4 per fcent above six-month Lofldon Interbank offered rate*.49 words
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Article38 1978-10-12 9 THE 80 million mark bond for Nissan Diesel Motor Co Ltd will be convertible from Feb 1979 at a price of 471 yen per share and at a fixed exchange rate of 97.5 yen per mark.38 words
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Page 9 Advertisements
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Advertisement28 1978-10-12 9 The Love of rf A Kenneth Lo rv :N, -f/*?; A f J ,4 y T-> f\ v 1 a M '■II 9 x •r4< S*"* a ci28 words
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DEALS DONE ON THE SES AND KLSE
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Article1204 1978-10-12 10 i BID And offer prices officially luted and business in and repdrted to the Stock Extluie of Singapore yesterday' with the number of shades traded shown In prackets in lou of 1,000 units unless otherwise specified. s All Time Settlement Contracts are quoted after the word "sett." Big Board1,204 words
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Article115 1978-10-12 10 4 1/2* 1/VB9 (290,000) (99.408 99 806) 4 J/4* 16/9/80 (250.000) (99.808 100.006) S* IV4/8I (290.000) (100.108 100.206) 5 V 4* T P IS/VBl-84 (250.000) (102.006) 7* 1/8/85 290.000) (100.708 100.858) 7 1/4* IS/4/80 (250.000) (100.75B) 7 1/4* IS/10/80 (250.000) (100.75B) 7 1/4* 1/5/87 (250,000) s s/4% t115 words
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Article97 1978-10-12 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown in brackets. CaU Storage (Dm $2.30) (0.458 0.625). CadC (Dm 84.40) (I.2SS) (19) 1.21. Hume PE (Dec97 words
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Article2417 1978-10-12 10 BUgli «l Low Company Last Sale Gr's DW +ar- SECTION ONE Dfe Crr Gr's Yld IS Val (*000) Day High Law INDUSTRIALS 272 288.. 178 U®.. 275 111 •**8" 132 123* 112 133 195* 60* 162 173* 140* 256 Ac ma Alcom Allied Choc BAT Bata Ben2,417 words
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Article150 1978-10-12 10 SINGAPORE UNIT TRUST INCOMEBOND UNIT lNu<|m priM far Oel 11 Oat 12) (CM t> rieas) The Commerce 2 22 2.30 INCOMEBOND 1.10 1.10 The Savlnf Fund 1.40 l.M S pore Prof Fund 1.03 l.OOad MARA BUMIPUTRA FUND S pore Security 1 88 2.00 (Maas—«' prieaa First Bumiputrs far150 words
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Article1326 1978-10-12 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 shovn In brackets In lots of 1,000 units unless otherwise specified. IMDUBTBIALB Ami (2.508). Allmih (3.908). AIMM (2.008) (I) 1.96 XD. A CM*1,326 words
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Article158 1978-10-12 10 DESPITE having achieved a 12 per cent Increase In turnover to $40.71 million for the half year to June 30, 1978, the Sabah Timber Company was only able to turn In a pre-tax profit of £3.08 million 25 per cent down from the previous year.158 words
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Article, Illustration667 1978-10-12 10 THIN, desultory trading, drifting prices and a marked lack of interact characterised the Stock Exchange of Singapore yesterday. However, there was no great pressure to sell which was taken by some observers to be a healthy sign. Total turnover recorded was 4,19 million667 words
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627 1978-10-12 10 IN another session of lowvolume trading, prices weakened to an easier close on the Kuala Lumpur stock market yesterday. Turnover declined further to 2.43 million units valued at M 56.12 million compared with 2.78 million units worth 17.18 million on Tuesday. Uncertainty627 words
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COMPANY NEWS
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Article391 1978-10-12 11 MULTI-PURPOSE Holdings Berhad (MPHB), the MCA sponsored vehicle for undertaking economic ventures, has come out with a bid for plantation HokHngs(PH), the UK-incorporated estate and light technology group. In an announcement, it diarioaed that it has acquired another 11.78 million shares in PH. or an additional391 words
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Article226 1978-10-12 11 SOUTHERN Elate CtutIUa*ed(M) Bhd: AGM to be held at Wisma Bungs Raya, 152, Jalan Ampang, Kuala Lumpur, at 11a.m. on Oct If GOaal Me ail MOt MBMM) Bhd:AGM to be held at 2-F, Chartered Bank Chambers, Beach Street, Penang, at 11a.m. on Oct 19. Ltd:EOGM to be held226 words
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Article525 1978-10-12 11 Carreat Paynaat Bx Date Book* Cloee Date Total for Total for Payable tke year Previoua year M Bra w arte* GBLlfe Priat WUkiaaoa Gold Cola UAC 8. Tradiaf M'wata Doalop lad NSOP Dmalqe Bat BKatU BKatU KLK Dab Taaarlok Alcoa 8. Flaaaee Jardiae Loaa Kaek Saag SBS Ska525 words
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Article179 1978-10-12 11 Coapuj Particular* Ex Data Book* Cloaa Tester lob Bonus inue of 1 for 0 Oct fl Oct 18 MBS Bonus Issue of 1 for 5 Oct 18 Oct 28 Hviati Rights issue of 1 loan MtoiM stock for 2 ord .shares Oct 17 Oct 24 Bonus Issue of179 words
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LATEST RESULTS
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Article142 1978-10-12 11 PRE-TAX profit £24.90 million (24.31 million) (or year ended March 31. Second interim dividend in lieu of final 2.75p, making four pence. Tax 13.72 million (12.79 million). Minorities 71,000 (46,000) leaving 11.11 million (11.47 million). Profit attributable to company 11.09 million (10.58 million) after extraordinary debits.142 words
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Article44 1978-10-12 11 Group pre-tax profit of M 54.72 million ($3.62 million for the year ended June 30, 1978. After-tax profit $2.82 million ($2.17 million). Proposed final dividend of 5 per cent (same) making a total of 10 per cent for the year.44 words
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Article, Illustration1014 1978-10-12 11 MANO SABNANI - By MANO SABNANI MALAYSIA'S largest commercial bank, Malayan Banking, is expected to enjoy a further rapid increase in earnings in the current year. Brokers James Capel(Far East) say the bank stands to be the prime beneficiary of the consumer boom now gathering1,014 words
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Article, Illustration456 1978-10-12 11 P. QUNABEGARAM - By P. QUNABEGARAM WHILE most plantation companies are reporting bad results, Selangor Coconuts managed to hold out chiefly because of a larger acreage under rubber which was not as severely affected as oil palm by the adverse weather. Selangor Coconuts made a net456 words
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339 1978-10-12 11 Metal Box holders agree to F N deal SHAREHOLDERS of Metal Bok(S) have agreed to the company's scheme announced in August setting aside a total of seven million ordinary share? to be subacrlbed by Ffaser and Neave and Malayan Breweries at an extraordinary general meeting held on Oct 4. Under339 words
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Article32 1978-10-12 11 LIEN Hoe's rights issue of 2,065,781 shares has been oversubscribed. The offer, which closed for acceptance on Sept 25, attracted acceptances totalling 2,192,229 shares and is correspondinglyoversubscribed by 126,448 shares.32 words
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Article, Illustration297 1978-10-12 11 THE Blagapara Building Society limited (SBS) reperted a grsap aftertax profit af $3.25 milttea far the year eaded last Jaae SI, showing a alight lmprevemeat ever $3.18 mllllea the prevtoaa year. Net laeame during the year alas rase slightly to M mllllsa tram UM mllllea297 words
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Page 11 Advertisements
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Advertisement115 1978-10-12 11 DEVELOP MORE SELLING CONFIDENCE. CLOSE MORE SALES. MAKE MORE MONEY. !«wy union of Mm Dal* Canwgto OALI CAKNICII B >w m This action-packed Sales Course helps you: nN w m DALE CARNEQIE SALES COURSE INSTITUTE OT SUCCESSFUL LEADERSHIP Cmwoh Mm Cww cm Improvo your Ml ofe|Mtlora mora copoMy. 4m mn115 words
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Advertisement201 1978-10-12 11 c otf<* a<VC> \s The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive201 words
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272 1978-10-12 12 THE US prime lending rate, now at 9.5 per cent, may shoot up to 10 per cent sometime this week, visiting American economist Dr. Beryl Sprinkel predicted yesterday. But despite rising interest rates, he sees no current signs of tightening of272 words
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Article203 1978-10-12 12 Reuter CHINA is keen to further trade relations with Asean, Malaysian Foreign Minister Ahmad Rithauddeen said on Tuesday. He said he held talks on bilateral and international relations, and the objectives of Asean economic cooperation, with Chinese leaders, who expressed support for the Association.Reuter - 203 words
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640 1978-10-12 12 NOORJAHAN KARIM - By NOORJAHAN KARIM COMMERCIAL bank lending in Malaysia showed a strong increase of 13 per cent in the first half of this year, reflecting improved business conditions. Deposits, however, showed a slower growth rate of 8 per cent. On an annual basis, that640 words
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398 1978-10-12 12 UPI WEST German Chancellor Helmut Schmldtr yesterday termed the economic and political opening of China an event of worldwide importance and welcomed Japan' assumption of an increasingly important role in Asia. He also said rivalry between Peking and Moscow can lead to noUPI - 398 words
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Article436 1978-10-12 12 A DISTRICT court yesterday was told how Harry Lee Wee, former president of the Law Society of Singapore, threatened to dismiss his auditors when they insisted on giving a qualified report on his company's accounts revealing the defalcations of one of his legal assistants. But the436 words
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Article794 1978-10-12 12 LONDON. Wed. Share prices today last ground partly on concern over the British government's failure to agree with the Trades Union Congress over pay policy, dealers said. At 3 p.m the Financial Times Index was down 4.9 at 504.4. Trading was reduced by the Jewish Horn Klppur holiday.794 words
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386 1978-10-12 12 HOUSING loans by finance companies In August ended four straight months of general recovery by slipping 2.5 per cent from July to $415 million. This is 10 per cent lower than the figure a year ago. and is not expected to pick up too386 words
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164 1978-10-12 12 THE Internationa) Food Workers' Union (lUF) has accused the United Nations Industrial Development Organisation (Unido) of acting like a service agency for big business seeking' 'an unlimited pool of docile, low-cost labour" in developing countries. The lUF, grouping trade unions around the world,164 words
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342 1978-10-12 12 Singapore to spend 1.8b on power stations SINGAPORE wll) be spending $1.84 billion on building four new power stations for the period which started last year to 1990. These Include the Phase Two and Phase Three of the Senoko project and the first two phases of the Pulau Seraya station.342 words
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Page 12 Advertisements
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Advertisement174 1978-10-12 12 Now, a policy that pays for serious and costly professional mistakes. m n'sTWG w f, mrc v The Overseas Assurance Professional Indemnity Policy. Sure, to err is human. But in business, you'll still be professionally responsible for all acts of negligence and human imperfections. Either on your part. Or for174 words
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SHIPPING TIMES
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PORTSIDES
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Article80 1978-10-12 13 WITH increasing concern for the seafarer who suffers from the disturbing and sometimes harmful effects of noise, the UK Ship and Marine Technology Requirements Board's support for a shipboard noise project, proposed by the British Ship Research Association, is timely. This project is aimed at improving procedures80 words
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Article79 1978-10-12 13 TWO Argentine shipping oompanies are trying to open up new markets in West Asia for Argentine products by setting up regular cargo services between Buenos Aires and the Gulf and Red Sea ports. The state owned shipping company ELMA said it will start today a regular service79 words
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Article94 1978-10-12 13 GREEK shipping authorities said they had received complaints about a number of freighters that have changed their name, destination and flag during voyages. They cited the case of the "Denis M" which loaded 4,000 tonnes of cement in Greece bound for Nigeria. On its way there,94 words
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Article52 1978-10-12 13 STRIKING tugboat crews in Brisbane ended on Tuesday a 17-day walkout which had left 500,000 tonnes of coal stacked up awaiting shipment and 11 idle ships. Only 12 seamen were involved in the wages dispute at the Hay Point coal loading dock near Gladstone on the central52 words
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Article571 1978-10-12 13 RAHIM KASSIM - MARINE INDUSTRY By RAHIM KASSIM THE Singapore marine industry has developed to a stage where it has to strike out from low-end technology towards more sophisticated precision technology to meet the technical and economic requirements of the *****. Marine engineers in Singapore will focus their571 words
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Article156 1978-10-12 13 UPI DULLER conditions did nothing to impair the recently achieved more stable tone on Alantic grain trades. Prompt tonnage managed to repeat U556.75 (FIO) for a 65,000* tonne US Gulf to Holland grain loader while an end-October vessel secured the 60 cents firmer level of $11.75 (FIO) forUPI - 156 words
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Article474 1978-10-12 13 SMppta* P*ge CM. Aconas m 2 ACS n 5 Afea IV 2 Alpac IV 5 ANL i 1 APL m 2 Anhsing n 5 Arya Nat n 5 ASCL m 5 Angkutan m 4 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben Asia m 3 Ben/EAC m474 words
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Article, Illustration59 1978-10-12 13 01 k a«^ added tag/supply veMd'tTewßh ptement Its present fleet ef 2S specialist ve—els mw operating la Saatheast Asia. lie It-metre, %jm Bkp Vessel was porrhaawi tram Oil «f bmmm aad Is •a charter to the Shell graap «f r>paaim far service aff Baraea. Picture skews the59 words
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Article238 1978-10-12 13 NEPTUNE Orient Lines (NOL) has chartered two fully-cellular containership6 of 850 teu capacity and 18.5 knots service speed to augment its Far East/USA container liner service. This move is an interim measure to upgrade its current service before the delivery of five new ships of 1,600 teus238 words
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3816 1978-10-12 17 SHIPPING LIST where your ships are due and when SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of r destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the3,816 words
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Article892 1978-10-12 17 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Ahli Shipping— Sharjah. Alfred C. Toepfer GMBH— Intermodal. Algerian National Line (€NAN) —Uni pacific. Alpac Line—lntrasea.892 words
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Article928 1978-10-12 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (l) E*ch vessel's estimated time of arrival Is advised by Shipping Line/ Agent and Is subject to changes. (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises between the following928 words
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513 1978-10-12 18 Reuter THE Maritime Transport Committee at the Organisation for Economic Cooperation and Development OECD) has been reviewing prospects for the world tanker and bulk carrier market at a two-and-a-half day meeting in Paris, informed sources said. The meeting, which started on Tuesday, is attendedReuter - 513 words
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Article320 1978-10-12 18 EXPECTED ARRIVALS TODAY PASIR PAN JANG WHARVES Berjaya 0600 after Selamat Da tang 1182-1275 CB6 Gdn Too Chow 0600 906-1015 CB3 Gdn 302 Kota Pantang 0600 765—898 CB2 Gdn 302 Kota Perwira 0600 685—750 CBI Gdn 302 Seng Hong 0600 after Falisa 1289—150 CB7 Gdn 303 Sri320 words
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Article110 1978-10-12 18 The major shipping consortium operating between the Far East/Europe and Straits ports/ Australia and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. K' Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO (STRAITS/AUSTRALIA): Australian National Line Australia/Straits Container Line Nedlloyd Lines Neptune Orient Lines110 words
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Article1071 1978-10-12 18 FREIGHT RATES are being adjusted to reOect changes in exchange rates. Many cargoes are available. Several barges are for sale at reasonable prices. Reefer vessels up to 2000 dwt are being sought for purchase. Four or five companies are planning to buy tankers up to 5000 dwt.1,071 words
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Page 13 Advertisements
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Advertisement372 1978-10-12 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pte Ltd Tel ***** Harrisons ft Crosfield Kuala Lumpur Tefc NNtt/l Pernas-MtSC Penang Tel ***** Orient Overseas GontaiMeA Line KKATOi M ONENT* CHEF 1M HJUME CORTMO 12K OJBENTAI RESEARCHER 4W IBBMEM ■mac COM. lON acvAua PMJL 13W acwLons372 words
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Advertisement209 1978-10-12 13 SSI SEALORI) ANTAH UASC UNITED ARAB SHIPPING CO (SAG; .UJMW.'MIW. ::iia Hi s j SEM.OM) SMPPMG MEMOES (Rtf. No. 242K5/00C) 3RD FLOOR. MARMA HOUSE. SMGAFOtt 2 TEL *****94 TELEX NO R*****9 CFS Of C PSA Godow* No 50 M 3 Ttf *****31 or *****11 EXt 411 ANTAH MRDME SMPPMG AfiENCES209 words
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Advertisement543 1978-10-12 13 SI SEAJ gLAND WEEKLY SERVICE TO/FROM U.S.A. AND JAPAN RASTER TRANSIT/NEW SHIPS CALL FOR DETAILS *****22 MAERSK LINE For U S Peed* GuH Atlantic and East Canada (Also accepting lor Hongkong Taiwan Japan and Korea) FW.LT CONTAINCMZEO FAST DIRECT WEEKLY FOR AraMMlrantan GuH Ves»«i Dammn Duo* Baarah 4 KaraetMl IMPORT543 words
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Page 14 Advertisements
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Advertisement712 1978-10-12 14 Hapag-Uoyc FULLY CONTAMERBED TO EUMR Oh d IMvfk EXPRESS COMENTHNAI TO EUROPE f|n PJMmi No Moo 6mm •aw* 17/10 13/11 ■llMaOl 26/11 27/11 14/12 IM ill In I 4/12 5/12 22/12 FUUV COIfTAMERCED TO GENQA/TIUESTE I'm f NakataNM 21/10 22/10 14/11 •Mpotfca 1/11 2/11 23/11 HUT CfINTAKMKD TO VU/UMM Fee4m712 words
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Advertisement479 1978-10-12 14 Nm 15 iKI Ok II HN 12 Ott 1 IK 22 kill Bee 14 Bed Ik a Kk 13 nut m** "T* par, M7l—r on t« us ATUumc us aw t east Canada 1 16/17 Rav 22/21 19/2B Mr 29/27 Nn Jt/ hct 24/25 tK 2/3 Bee 4 Ik W479 words
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Advertisement555 1978-10-12 14 tLAND r? n v rat ram a ma. i 1 IMi.'A..' S.-J *M 7JI •ITT 5H* DRY/REEFER CONTAINER SERVICE TO DUBAI, BANDAR ABBAS, DAMMAN, MUSCAT, DOHA TEHRAN, ESFAHAN, JEDDAH LEADER VOO6 ADVENTURER VOO4 VSL Arrives/Departs OCT 36/OCT 31 NOV 14/15 C.F.S. CLOSES 5.00 PM OCT 30 NOV 13 40TM FLOOR555 words
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Advertisement727 1978-10-12 14 ■I"BURMESE NATIONAL LINE" LOADING FOR RANGOON ■2!" —iVMfct ——a/nod B.F.S.S.C. Ajents in Malays* TIPS MALAYSIA Port Ketone T* (38)7355 Penang Tel. *****/***** C«wpMii AffMtin Da 'Mjv, HIMMMiM lnwiliiwm S. A. C I. F. i iL Br /"'A DCCkl'tlBIC HITinHAI I IIIC" "ARGENTINE NATIONAL LINE" LOAOMG FOR DURBAN. CAPETOWN. BUENOS ARES727 words
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Advertisement568 1978-10-12 14 13! SANKYO LINE AUSTRALIA SERTICE 19/20 OCT 11/11 OCT STI. MEL, MEL 29/MOCT 31/31 OCT SID. MEL. MB. 1/ 2 NOV V« MMM.FUI 14/17 NOV 13/15 NOV SVO.KL.MEL BANGLADESH SERVICE LOW AGENTS t ROMS 11/12 NOV l/ll NOV CMTTMMB. CNMJM ocem swk i Bnuwm rn in SKMR m *****44/7 ft568 words
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Page 15 Advertisements
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Advertisement761 1978-10-12 15 QCL Overseas Containers Limited •Ttaf rp«< PMm| Quart Brm 11 Oct 1) Oct Sto 3 to lIOd 21 Oct Ito 11 to 2tod M Oct llto nib* 11 Oct 17 Mm llto 4to ih> 27 to Tito U to 14 to She 70k II Mm 7to llk Tito II Ok761 words
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Advertisement647 1978-10-12 15 GRANARD LINE ial T 1< I-":,:; If .v;!<i ..3 3. wmmrrfrv 1 it t#m iTrr^rMßiMi rpm pun* rmm Ml. DM M VJM faM MPart UMMMM- SOd ZIOd lIN •M.V. NMFWBVJOM- ah P laM/Mn 111 ,Mi> Ii.IaKMM/ Ptoa«/T<Mat/taMtti/MaM* M.WMHUI— II tec P laM/Nlll til,lll A/ >* v r>* c AMERO^RhSIDENU^ES J647 words
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Advertisement656 1978-10-12 15 r [Ty BEN LINE 1 CONTAINERS BEN ASIA CONTAINER SERVICE BACS EXPRESS COKTMO SOttdCE STRAITS/JAPAN Sport PUw ta> *040 Osaka Mt Mo* SI M/M 15/14 IT/* 31/14 2/11 mz a/ii vim a/M vu M/u M/u u/u 252 14/11 M/U 11/11 1/12 4/12 M) 21/11 22/11 24/11 4/12 1/12 1/12 Vote656 words
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Advertisement709 1978-10-12 15 If Scan Dutch *9 EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MEP/UK/ CONTINENT/SCANDINAVIA fmtm tw f Mhi mm Tpwi 1) IMb 2) Mm 3) Ik 00—I 14/14 I—mi a/a an—i tvu mmti vu au—i li/n wmu ivu bum am gsgy, Span 1) IMb 2) Mb 3) Ma* 4) Gkar| kM709 words
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Advertisement368 1978-10-12 15 GUTHRIE BOUSTEAD agencies THE BANK LINE LTD. LOADS FOR E. ft I AfRKA r» OMk IX M. ftaaaUn kM/ Spn 17/21 Oct t Mai ***** Od MM ruMiii/XMSm n/aM .rmm r mm« s«*n n/iik EXPRESS SERVICE MECT FROM MVOE TO NEW ORLEANS, MOMLE. HOUSTON. GALVESTON. ALSO ACCEMM6 CARGO FOR BAM6KOK.368 words
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Page 16 Advertisements
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Advertisement899 1978-10-12 16 KLINE KAWASAKI KISEN KAISHA. LTD. ■BSBDRDEBfIBIBHB <VM SUEZ zmtmm TO EUROPE S pore P Mint L Havre Kbdff Bremen R dam A'«drp IOCATC* m 14 Oct IS Od 2Nm 4Mm 5Mm 9Mm IMm OKHTM. CICF 1191 29 Oct 22 Od 9Mm 11 Mm 12 Mm 13 Mm 15 Mm ML899 words
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Advertisement773 1978-10-12 16 U.S.A./EAST CANADA SERVICE accepirm fa/ia contmos hum pemng. p. norms. stone Pwant Beiawn p Keiang Smtapwt 6-38-38/14 on 27/28 Od 28/31 Oct 1/ 2Nm 3/ 5Nm UMMMn (NRU26 SB) E.C./GREAT LAKES SERVICE lm*« hr mnu. m tons. mnuL tomnto. ammmx Kim. oncago. CALFORMA/PACVIC NORTH WEST SERVICE lM*| tar 101 MMEIEY.773 words
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Advertisement653 1978-10-12 16 •FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SER ihiiihi 27Nm nm* 11 fe* in «J lth Ufci 4 fee (fee I fee 9 fee 11 fee HI I S>n CM* feMK fa top 2M4 II Od La Carja 1244 13 Od 'Mm IHQI CVf* Wfe* CONTAINER slimwAbmllLlUilX! A member d Am653 words
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Advertisement656 1978-10-12 16 M4/«KSM* INTERNATIONAL SHIPPING CORPORATION BtRHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA DfN 2) H-bori 3) S«* 4) Ktm S) It H P Ua| S port Mad MM lata* MM faU IVM 14/11 SaM 1M 1M W faW 22/11 11/N «*< WM faM SM IM 2VII 27/11 I total U/M 14/11656 words
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Advertisement643 1978-10-12 16 INTRASEA (PTE) LTD rfcaWtai NMnNE MIMNCI Mil kNI Uri Itm M nn goutofw Kltt» IKI MM lIM 22 Od riM/NWWAv* PtMS*l*?l 3 No Slioa*laa.»m*i I'ta/iTkq tC«K Sa««an MHMBU (fit) 110 *****1 BOOK 73MW7' B iCv- m maaua —tmmh mm msm. tjiw/7 Line STRAITS/AUSTRALIA SERVICE Smeapore P ketone Laadtoe tor FORTIVO643 words
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Page 17 Advertisements
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Advertisement75 1978-10-12 17 SHIPPING P.T. PERUSAHAAN PELAYARAN NUSANTARA "BAHARI" ETI EID DntMn MWWTJ/71 kM 14 Oct takwta •MIDI WT 14/71 21 Od 25 Oct CM» Acents: BANNER MARITIME PTE. LTD. MT 2213, 22nd FUL. HOME LHME UK. UFFUS QMT. $p»t 1 I* *****11. *****12. *****15 ENG GUAN SHPPING (PTE) LTD A lOCM 702.75 words
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Advertisement28 1978-10-12 17 NOTICES NICEim NATIONAL SNIPPING UNE LTD. GUTHRIE BOUSTEAD SHIPPING AGENCIES ARE PROUD TO ANNOUNCE THEIR APPOINTMENT AS AGENTS FOR NIGERIAN NATIONAL SHIPPING LINE LTD. IN SINGAPORE AND MALAYSIA28 words
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Advertisement41 1978-10-12 17 EVERETT STEAMSHIP CORPORATION S/A "Hugheverett" Voy. 50-E ARRD: 4.10.78 P.S.A. GDNS. 40/41 General Survey on damaged cargo discharged ex the above vessel will be held on 12th October 1978 from 8.30 a.m. No further survey will, be held after this date.41 words
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Page 18 Advertisements
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Advertisement144 1978-10-12 18 Bordeaux goes Ist class. The three words "Appellation Bordeaux Controlee" on the label is a guarantee that the wine is a true Bordeaux vintage. But the final judgment will be rendered bv the eyes, nose and palate of the consumer. And with equal scrutiny after no matter how long a144 words
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