The Business Times, 18 October 1978
1978-10-18
1
18
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The Business Times
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Title Section10 1978-10-18 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, OCTOBER 18,1978 50 CENTS10 words
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BRIEFLY...
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Article83 1978-10-18 1 Reuter. LONDON, Tues. The dollar dropped to a record low of 1.83 marks and briefly touched two dollars to the pound today as the confidence crisis intensified on the world's foreign exchange markets. Dealers reported a widespread scepticism about whether yesterday's revaluation of the mark against itsReuter. - 83 words
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Article119 1978-10-18 1 Reuter. MANILA, Tues. The Philippines led the member countries of Asean in the production and consumption of electric power in 1976 and 1977, according to the Manila-based Asian Development Bank statistics published today. Philippine production for the two-year period totalled almost 22 billion kW/h or about 37 perReuter. - 119 words
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Article78 1978-10-18 1 AP. WASHINGTON, Tues. America's industrial output rose by 0.5 per cent in September, a solid gain that appears to rule out any danger of a recession in the closing months of this year at least, government figures showed. The increase is the same as for August and followedAP. - 78 words
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Article73 1978-10-18 1 AP DETROIT, Tues. Chrysler Corp said today it will buy about one million engines froms its Japanese affiliate, Mitsubishi Motors Corp, in what one analyst called a "hell of a big deal". The engines will be built in Japan, with some components supplied by Chrysler, said aAP - 73 words
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Article75 1978-10-18 1 AP LUXEMBOURG, Tues.- Representatives of the nine European common market nations agreed today that their talks next month with Asean ministers will concentrate on development of commercial relations rather than financial aid programmes for the five Asean nations, common market officials reported. The decision was made atAP - 75 words
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Article103 1978-10-18 1 UPI NEW YORK, Tues. Prices fell sharply again on the stock market this morning, depressed by further weakness in the US dollar and concern over rising interest rates. The Dow Jones average of 30 industrials, which had tumbled 21.92 points on Monday for its largest loss in nearlyUPI - 103 words
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Chief Price Changes
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Article117 1978-10-18 1 Rises Most active Berjuntai 770 10 S Darby 341,000 UOL 161 +9 P Elect 243.000 Pahang Cons 191 +6 H Par 147,000 Nat Iron 595 +5 UOL 144.000 Strait* Trading CAC M Banking 590 530 530 +5 +5 +5 Total Turnover: 2.88 m Total Value: $6 46117 words
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Article, Illustration153 1978-10-18 1 Rises Most active Trvnoh 700 10 S Darby 346.000 T'ganu Dev 151 06 Haw Par 195,000 C and C Bintang 314 06 Pahang Con 117,000 Sel C'nuls 322 06 Gentings 97,000 S Dredge M Credit 418 147 Falls 06 +05 Total Turnover: 1.95 m Total Value: MS5.06153 words
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Article716 1978-10-18 1 RONNIE LIM - PETROCHEM OUTLOOK BRIGHTER By RONNIE LIM A JAPANESE petrochemical company, Asahi Chemicals,will send its officials to Singapore within the next two weeks to take an on-the-spot look into the prospects for participating in one of the downstream plants of the $2 billion petrochemical complex planned716 words
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Article225 1978-10-18 1 SINGAPORE'S inflation rate may come close to 6 per cent this year, almost doubling the 3.2 per cent recorded last year. Already, inflation for the first nine months this year is 5.1 per cent compared with 2.4 for the same period a year ago. And the225 words
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Article, Illustration656 1978-10-18 1 JOHN TAN - By JOHN TAN THE strengthening yen has not, as many had expected, contributed to a fall in Singapore's traditional trade deficit with Japan. Instead, the rapidly appreciating yen has caused the deficit to widen even further. Imports from Japan for the first eight656 words
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298 1978-10-18 1 THE Straits Ob price rase mttef Ms4f a pieil yesterday la Peaaag briagiag It eves aearer the magic M|2,9N a pical mark that few had thaaght wm likely a year age. Tla was traded yesterday at a reeerd klgk of M$l,Ml a pic aJ,298 words
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468 1978-10-18 1 SIVA ARASU - By SIVA ARASU THE Asean Federation of Textile Industries (Aftex) has announced a threeprong approach, incorporating increased cooperation among member countries, aimed at combating trade protectionism worldwide and improving intraregional trade. It plans to draw up and propose a principal guideline to the national governments468 words
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Page 1 Advertisements
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Advertisement28 1978-10-18 1 whatever you need in menswear,get it at... MOHAN'S DEPT. STORE (PTE.) LTD. 321. Orchard Road Itt *****22 (next to Mandarin Hotel) Branch: 10l.TanglinShopping Centre let *****40 Daily :9am-9pm28 words
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Advertisement119 1978-10-18 1 BIRKART FREIGHT NEWS GBN CONTAINER LINE ANNOUNCEMENT CONTAINER ALLOCATION PORT HARCOURT Following new container allocations The Nigerian Ports Authority has extended further facilities to GBN CONTAINER LINE for schedule berthing of their container vessels at Port Harcourt Containers will be handled through the Container Terminal Company Port Harcourt. Commencing with119 words
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Advertisement70 1978-10-18 1 SHIPPING TIMES GARMENT makers cm hurdle FORUM aa foreign relattMi barriers j with Jaha Tu 7 PEOPLE la bu5ine55................. GUINNESS sae fsr two boaas... 11 THE paaspart to happy hols ia SINGAPORE aad Vletaam to 3 boost trade 12 ALTERNATIVE syadleated- MERLIN shsw4sldert give credits sarface tarit appr0va1........................... 12 MEMOPAD70 words
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Advertisement235 1978-10-18 1 Cool healthy pollution-tree driving with ▲mAßuenu COOL AAASTEfI .CAR AM CONDITIONER 5-ii golomill plaza Singapore 11 tel *****2 240 LAVENDER STREET SINGAPORE 12 TEL 25MMCV 25*3329 rn?riT2^fi Cr* %*wum?; mm*** x h.:.:.„ ..|i "-V iu &HMW& jimr-** vtuwr. <$* s* >j rl!sl\i o; Wj* i>\ •'»W'l#a < > i ■Y235 words
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TRADE AND INDUSTRY
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Article, Illustration485 1978-10-18 2 Our Reporter - SOPHISTICATED PRODUCTION By Our Reporter SINGAPORE garment manufacturers can still hope to do well in the world market, despite local labour problems, competition from newly developing countries and trade barriers. This can be done by making more value-added clothing and employing more sophisticated production and485 words
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111 1978-10-18 2 THE East Asiatic Company (Singapore) is holding a four-week technical training course for typewriter technicians from Hermes agents in South-east Asia, in preparation for the introduction of the new Hermes 808 singleelement typewriter in the region. The company was recently appointed sole111 words
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351 1978-10-18 2 A CALL to formulate national land use, agricultural and other natural resources policies to ensure the orderly conservation and development of Malaysia's rapidly depleting natural resources was made by a forest management expert. "The policies are also to ensure the generation of maximum socio-economic benefits351 words
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267 1978-10-18 2 THE 31-member strong Malaysian term to the Bth World Forestry Congress which opened in Jakarta yesterday will seek out the dominant trends in all sectors of world forestry useful to Malaysia's own endeavour in the area. A spokesman of the Forestry Department said in267 words
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Article122 1978-10-18 2 AFP SOUTH Korean efforts to diversify its export trade markets, until now heavily concentrated on the United States and Japan, are yielding very little success, it was reported yesterday. According to official figures, the country's exports to the US during the first eight months of thisAFP - 122 words
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Article, Illustration357 1978-10-18 2 SIME Darby Plantations Berhad has taken delivery of a single-engine, six-seate* Cessna aircraft that will be used principally as a flying workhorse by the company's operational managers on their routine estate visits. It will place each of the company's 40 estates stretching from Baling in357 words
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Article154 1978-10-18 2 THE Singapore Technical Institute at Circuit Road will welcome visitors during its two-day open house begining today from 9 a.m to 5 p.m. The open house is aimed at familiarising pupils, parents, guidance counsellors, industrialists and the general public with the training programmes and facilities available154 words
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Article, Illustration247 1978-10-18 2 FIVE NEW directors have been appointed to the board of Nanyang Press Singapore (1975) Ltd. Mr. Uea Ylag Ckw, the newly appointed chairman of the board, is also chairman and director of Overseas Union Bank Ltd, Overseas Union Enterprise Ltd, Overseas Union Trust Ltd, and Overseas Union247 words
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Article120 1978-10-18 2 THE PUBLIC Utilities Board will carry out work to extend the water distribution network in Seletar Air Base to cater for new developments in the Base. To enable the linking-up of newly laid water mains water supply to the whole of Seletar Air Base will be interrupted from 10120 words
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Article187 1978-10-18 2 AFP. NEWS that the US Congress has voted to remove the textile tariffs issue from the multilateral trade negotiations in Geneva has been received with disappointment in Hongkong Hongkong's Trade Department director Lawrence Mills expressed the hope that President Carter will veto the bill. "Everything now depends onAFP. - 187 words
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Article21 1978-10-18 2 THE NATIONAL Museum is organising an exhibition of contemporary art in conJunction with the Singapore Festival of Arts 78.21 words
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Article96 1978-10-18 2 THE Vietnamese Minister of Agriculture, Science and Technology Nghiem Xuan Yem led a ten-member delegation for a tour of the Far East Levingston Shipbuilding yard yesterday. The group was met by the yard's general manager, Mr John Morris. The visitors were given a close-up look of96 words
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489 1978-10-18 2 THE current trend indicates that the market for electric generators and related equipment in Malaysia should reach US$2l.5 million (M 547.3 million) in 1981, representing an annual average growth of 15 per cent. A market report prepared by the US International Marketing Center says imports489 words
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Article345 1978-10-18 2 COURSES AND TALKS Oct 6-28: The effective executive, SIM, SIM Oct 19-20: The effective sale office, Hilton, Consulasia Oct 17-31: Employee training and development, Holiday Inn, P.O.D. Oct 19-20: Finance for nonfinancial managers, Ming Court, Price Waterhouse Oct 21 and 28: Telephone techniques and courtesies, SIM, SIM Oct345 words
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Article437 1978-10-18 3 MALAYSIA'S manufacturing and mining sectors yesterday voiced fears that any increase in electricity charges will seriously impair their performances besides feeding inflation. Manufacturers and miners contacted by Bernama Economic Service said they hoped that the fuel cost variation charge (PCVC) would not be raised when it comes up437 words
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Article262 1978-10-18 3 ALL major hotels in Penang which have to date received more than 70 per cent bookings for the December festive month expect 100 per cent bookings by next month as local and foreign tourists pour into the holiday island. The Rasa Sayang Hotel which received foreign tour262 words
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550 1978-10-18 3 Reuter THE US Customs Service has been asked to investigate mushrooms imports from Taiwan to see if they are being mixed with mushrooms from China, Senator John Heinz said yesterday. The Pennsylvania Republican, whose state has a large mushroom industry, saidReuter - 550 words
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173 1978-10-18 3 AFP JAPAN exported textile products worth 79 billion yen (about *****.7 million) in September, down 24.9 per cent compared with a year earlier, according to official statistics released yesterday. The Finance Ministry, in its monthly trade report, also said imports of textile rawAFP - 173 words
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Article114 1978-10-18 3 Reuter BRITISH September retail sales volume fell 1.2 per cent from August and by 0.8 per cent from July, both months boosted by tax rebates, according to provisional UK Trade Department figures which show third quarter sales still 3 per cent higher than the second quarter. TheReuter - 114 words
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173 1978-10-18 3 JAPAN'S August industrial production index was revised upwards to 122.9 (base 1975), seasonally-ad justed, from a preliminary 122.5, the International Trade and Industry Ministry said. The revised index rose 1.2 per cent from 121.4 in July, when it fell 0.8 per cent from June. The year-on-year173 words
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675 1978-10-18 3 JOHN LIM - By JOHN LIM AMENDMENTS to the current Thai immigration laws will be passed by its Assembly before the end of the month. The amendments will ease the rules on tourist visas and also some newrestrictions. The change makes it possible for a visitor to675 words
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Article138 1978-10-18 3 A 12-NATION farm machinery exhibition is to be held at the National Agricultural Exhibition Centre in Peking from Oct. 20 to Nov. 3, New China News Agency reported today. Sponsored by the China Council for Promotion of International Trade, this exhibition is the first of138 words
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Page 2 Advertisements
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Advertisement117 1978-10-18 2 HOTEL MERLIN SINGAPORE LIMITED N "I'JH; O' S'NC»APC!«I ANNOUNCEMENT Hotel Merlin Singapore Limited ('HMS') is pleased to announce that minority shareholders holding 199,065 HMS Shares, representing 3.19% of the holders of 6,236,000 HMS Shares other than those beneficially owned by United Overseas Land Limited CUOL'), have elected to receive cash117 words
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Page 2 Miscellaneous
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Miscellaneous654 1978-10-18 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Sharp instruments? (5) 8 Propeller of a liner? (5) 10 Like a bird's bill. It's sharp (5) 11 Super garment? (3) 12 Encouraged to out-do Len? (3. 2) 13 Lesser dictator embraced by a revolutionary (7) 15 Complaint of being yellow? (5) 18 Wood654 words
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Page 3 Advertisements
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Advertisement339 1978-10-18 3 Our world bankets work around the world around the dock. 6:07 p.m. Tokyo. 10:27 a.m. Chicago. i if* i 4:08 p.m. Singapore. f y* *\1 »V. W i^ll »<; I m i Tokyo. 6:07 p.m. K. Furuhata, Fujitsu (left); and H. Tsurumaki, Bank of America, review Fujitsu's expanding program of339 words
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RAW MATERIALS
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Article589 1978-10-18 4 THE SINGAPORE rubber market yesterday closed higher with November One RSS buyers quoted at 252.50 cents per Idlo, up 2.75 cents from Monday's close, dealers said. The afternoon session was easier on lack of buying interest and long releases coupled with China's absence from the market,589 words
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Article359 1978-10-18 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt t.o.b. 249.00 250.00N 248.00 249.00N Int 1 R.S.S Nov 253.75 254.25. 252 50 252.75 Int. 1 R.S.S. Dec 257.50 258.00 256.25 256.75 Int. 2 R.S.S. 244.00 245.00N 243.00359 words
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Article94 1978-10-18 4 NOON SSR and SMR prices yesterday: HAS November (Curat Mth) D Ran ro*^tfth) SSR 20 (l-ton pallet) 232 M" U 234.00N oay 234.50 ■to per kg) 236.50N SSR 50 (l-ton pallet) 230.00 232 00N 232.50 234.50N MRELB SMR 5CV SMR 5L SMR 5 SMR 10 SMR 2094 words
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Article190 1978-10-18 4 BANGKOK rice prices were as follows yesterday: (US dlrs per tonne fob basis Bangkok): While rice: 100 pet Ist class 402. 100 pet 2nd class 387. 100 pet 3rd class 382. 5 pet 377. 10 pet 352. 15 pet 347. 20 pet 342. 25 pet 332. 35 pet unq.190 words
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Article32 1978-10-18 4 Rubber; Oct 17 Singapore: No vem be r :252.50cents (up 2.75 cents) Malaysia November: 255.50 (up 1.75 cents) Tin: M 51,981 (up $46) Official offering: 215 tonnes (up 40 tonnes)32 words
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Article124 1978-10-18 4 CHICAGO wheat futures closed higher on Monday, firming through the last part of the session after trading on either side of Friday's close. At the end, gains ranged from 1/4 to 5-1/2 cts. Trade was in a relatively narrow range. Floor sources said there was little feature to trade124 words
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Article316 1978-10-18 4 PRICES on the Singapore produce market maintained their overnight levels yesterday on little trading activity. Buyers and sellers in the pepper section remained on the Because of the substanital arrivals the day before, buyers are waiting \o see whether sellers will react but the latter is not pressing316 words
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Article302 1978-10-18 4 ROBUSTA futures ended in London yesterday morning steady at the session's highs,£9 down to 8 up Turnover was 1,122 lots including one options. Spot Nov closed £9 lower at 1,625 with Jan off £3 at 1,562 Other positions were between £1 and £8 per tonne higher. Dealers said the302 words
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Article392 1978-10-18 4 SUGAR futures yesterday recovered slightly from the early losses, but still closed about 0.40 US cents lower than Monday's close, with 30 lots traded against 27 previously, dealers said. The market had opened about 0.60 cents lower on continued long-liquidation and stop-loss selling reflecting the failure of US392 words
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Article51 1978-10-18 4 LONDON zinc finished mostly £2.75 lower yesterday. Early pre-market steadiness was in sympathy with copper but soon gave way under commission house liquidation which took Threemonths from 371 stg down to 362 stg in the first ring.Light shortcovering steadied the position to 365 stg on the kerb. Sales were51 words
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Article491 1978-10-18 4 THE kilob&r in Singapore opened at SQS.S6 yesterday and closed higher at $15,970. The high and low were 5J15.9T7 and 5|15,921 respectively. The market remained quiet. The London spot gold market opened at U*****.10/.40 and closed bullishly at U*****.30/60 while the lowest recorded at U*****.50/80. The market was active491 words
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Article90 1978-10-18 4 LONDON copper wirebars yesterday inished the morning £0.5 down all round. The early premarket was very steady aided by covering against some European physical demand and strength in precious metals dealers said. Threemonths traded upto £773.5 per tonne but slipped back under commission house liquidation and some stoploss selling90 words
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Article93 1978-10-18 4 LONDON lead closed the ring down £5 for cash and 7 for Threemonths. The early pre market was higher in line with copper with Threemonths trading upto £410 at one stage. But heavy commission house liquidation and stoploss selling soon developed and Threemonths fell to 383 stg in the93 words
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Article213 1978-10-18 4 TERMINAL cocoa yesterday was £3.50 to 8 per tonne lower at the first call in London and tended to drift further in thin open trading. Higher sterling and slightly easier New York levels were mentioned as factors although some traders said bearish chart patterns and the apparent withdrawal of213 words
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Article126 1978-10-18 4 CHICAGO soybean futures rallied strongly in the last 45 minutes of the session to finish with gains of 6 J to 3 1 1 cents after trading lower for much of the session on Monday. A lack of hedge selling permitted bullish locals to dominate trade, floor sources said,126 words
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Article349 1978-10-18 4 ROBUST A terminal yesterday in London opened £1.75 to £3.40 per tonne down from Monday's afternoon closing levels. Turnover totalled 2.880 lots. Values initially lost upto £4.50 as the market continued to react bearishly to the prospect that the US will not ratify the International Sugar Agreement until the349 words
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Article38 1978-10-18 4 LONDON aluminium was £3 down for Threemonths yesterday. prices gave ground under selling prompted by the trend in base metals traders said. Offerings were well absorbed and the market held steady in the ring.Sales totalled 850 tonnes.38 words
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Article69 1978-10-18 4 HONGKONG silver closed unchanged at HK5274.00 per 10 ounces yesterday, in continued dull and featureless trading, dealers said. Fixing price was also unchanged at $274.00 LONDON silver gained three to 3.2 pence yesterday. The rise was attributed by dealers to New York close, strength in precious metals and US$69 words
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Article223 1978-10-18 4 THE overnight sharp London rally pushed the Straits tin price in Penang up another Ms 46 per picul to break another new high of 11,961 yesterday. With this rise, the Penang tin market now stands $281 above the International Tin Agreement ceiling. Sources said buyers turned actiue after223 words
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MONEY AND EXCHANGE$
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Article455 1978-10-18 4 THE US dollar was again heavily sold on the foreign exchange market yesterday. As a result, the dollar continued losing points against major currencies and landed at new lows. Against the mark, the US dollar was traded down from an opening of 1.8385/06 to a new low of455 words
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Article183 1978-10-18 4 Asian rates ASIAN currency deposit Interbank rates as at close on Oct 16: 7days 1 month 2 months 3 months 6 months 9 months 12 months US Dollar*(Spot) Offer Bid 9 S 97/16 95/16 911/16 99/16 10'. 10'. 10'. 10'. 103/16 101/16 10 3/16 101/16 Sw.Fr*. Das. /U:jji. D t183 words
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Article46 1978-10-18 4 Range of price* offered by discount house* on Oct 16: Overnightb— 2—3 Call deposit*—3 .<*— 3 Ckxiaf Bayiag Selliag 3 month Treasury bills 3'. 3--3 month Bank bills 6'. 6 3 month CD 7 3/l« 71/16 6 month CD 7'. 7'i Source: National Discount Co Ltd.46 words
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Article22 1978-10-18 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.25 per cent. j22 words
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Article133 1978-10-18 4 Euro rates LONDON Eurodollar period deposit rates opened little changed from the closing yesterday, in quiet trading, dealers said. A Friday end- of- period in Three months pushed the rate up 3/16 to 10-1/4 ,10-1/8, while one month firmed 1/16 point to 9-7/16 >5/16 on bidding interest. In shortdates, overnight133 words
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Article363 1978-10-18 4 THE dollar on Monday closed sharply lower from its opening levels as the unit came under strong selling pressure throughout the session, dealers said. They said the dollar's opening gains were whittled away during the day as the market became increasingly skeptical about the realignment of the joint363 words
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Article219 1978-10-18 4 THE dollar opened at a new low of 1.8385/95 marks here before recovering to 1.8408/ 18 yesterday, dealers said. They said there were no new factors in the market and that the dollar's renewed weakness was a continuation of the trend which the weekend revaluation of the mark within219 words
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Article158 1978-10-18 4 THE US dollar yesterday eased in late trading as Europe entered the market after a partial mid-morning recovery, dealers said. They said trading was nervous throughout and became fairly active towards the close with a British bank identified as a large seller of dollars. The dollar fell to a158 words
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Article112 1978-10-18 4 YESTERDAY, the dollar closed lower at 183.35 yen The dollar for overnight delivery closed lower at 183.35 yen, compared with a 183.50 opening. The dollar slipped again in late active trading on renewed dollar selling from both foreign and Japanese banks, after an early recovery from a sharply lower112 words
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Article63 1978-10-18 4 AUSTRALLA-NZ exchanges quotes yesterday: US dlr ***** ***** Sterling 0 5892 0 5825 Ninety day air mail buying rates: Sterling 0 6091 US dlrs 1.2075 Ninety day forward buying rates: Sterling 0 5937 US dlrs ***** New Zealand Sterling 0 5394 0 5365 US dlr ***** 163 words
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Article47 1978-10-18 4 FRANKFURT exchanges closing quotes on Monday: US 1 8625 40 Can 1 5820 40 Stg 3 693 703 DFI 91 75 85 SFr 121 85 05 Lit 2.278 88 FFr43 62 72 NKr 37 45 56 BFriconl 6.315 30 BFrtfin) 5978 6018 Yen 1 0065 8547 words
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Page 4 Advertisements
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Advertisement155 1978-10-18 4 Ultra-Orthoflow: Something new in oil refining. A recent licensing agreement gives refiners worldwide access to the combined fluid catalytic cracking technology and experience of Pullman Kellogg and Amoco Oil Company, a subsidiary of Standard Oil Company (Indiana). The new Ultra-Orthoflow design incorporates Amoco's highly regarded Ultra Cat regeneration technology with155 words
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OVERSEAS
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Article275 1978-10-18 5 THE SWISS Finance Ministry has dropped proposals to impose a 5 per cent witholding tax on bank fiduciary deposits after it was rejected by a Parliamentary Finance Commission over the weekend. Ministry sources said that this does not mean no other ways will be sought275 words
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Article209 1978-10-18 5 Reuter. A SHARP cutback in US consumer spending and a slower rate of growth in gross national product are expected to dampen business expectations over the next several quarters. Citibank NA economists said. Citibank vice-president Alan Murray said housing starts are no longer increasing and salesReuter. - 209 words
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1050 1978-10-18 5 Reuter. THE deutschemark's weekend joint European float adjustment is the first of several concessions Germany is likely to have to make if all EEC countries are to be brought into a new European Monetary System (EMS) from next year, political and economic sources inReuter. - 1,050 words
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689 1978-10-18 5 FEARS that unexploded World War Two mines may be lurking in a strategic southern Japanese bay are hampering government plans to stockpile oil in idle tankers. The stockpile plan, involving 20 super-tankers with a storage capacity totalling five million kilolitres was announced last689 words
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Article267 1978-10-18 5 Reuter. THE average effective yield on three-month US Treasury bills fell to 8.209 per cent and the yield on six-month bills rose to 8.561 per cent at the latest weekly auction, the Treasury said. The three-month yield was down from 8.256 per cent at theReuter. - 267 words
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Article197 1978-10-18 5 Reuter NYT. PRESIDENT Carter might persuade Congress to reverse an amendment which reduces the US contribution to the regular United Nations budget. American officials yesterday said that Mr. Carter could present the amendment for reconsideration in January. The President has said the congressional vote madeReuter; NYT. - 197 words
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474 1978-10-18 5 A SEASON of major labour contract negotiations opens this autumn and the outcome will be crucial for Italy's economic future. At stake is the government's bid to narrow the gap between Italy and the rest of the European Economic Community (EEC) by raising productivity474 words
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WORLD IN BRIEF
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Article469 1978-10-18 5 Agencies FIRST National Bank of Chicago said it raised its prime rate to 10 per cent from 9 1 4 per cent, effective Monday. BANQUE Caaadieaae Natioaale aid ike Provincial Bank Canada said they are raising their prime leading rates to 11 per cent from li'« perAgencies - 469 words
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302 1978-10-18 5 Reuter CURRENCY inflows into West Germany since June on speculation of a mark revaluation totalled 10 billion marks with most of this in the last two weeks, Bundesbank vice-president KarlOtto Poehl said. Talking during the EEC finance ministers meeting here, Poehl said the GermanReuter - 302 words
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Article68 1978-10-18 5 Reuter GERMAN banks have agreed a foreign loan calendar totalling 425 milllion marks (about 5J495 million) for the coming month, though three supranational issues could boost final volume to one billion marks, bond market sources said. Deutsche Bank AG brought a 75 million mark issue yesterday, andReuter - 68 words
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Article708 1978-10-18 5 arrivals Service Local Operator Number Time From MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0640 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP CIA GA980 1030 HLP THAI THG423 1035 BKK SIA SQ103 1045 KUL708 words
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Page 5 Advertisements
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Advertisement34 1978-10-18 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Coll us for you. local or onward reservations Philippine s Singing Sweetheart 'V. v /M f! entertains nightly at The Belvedere Act I. (jJowv/v-fr btklrafeMrfcapm34 words
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Article345 1978-10-18 6 It is obvious that the Japanese, especially Sumitomo Chemical Company, are now keen to push ahead with the Singapore petrochemical project in the light of changed circumstances not least of which is improved world market demand. But pushing through a project as large as that345 words
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Article239 1978-10-18 6 CLASSICAL ECONOMICS predicts that when there is trade imbalance, the exchange rate between the two currencies will adjust to bring about an eventual reduction in the trade deficit. In Singapore, there has been no evidence that this will ever be the case. Japan has been running239 words
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2562 1978-10-18 6 JOHN TAN - The changing pattern of bond issues, the resort to borrowing In new currencies, the revival of old techniques, the heavier borrowing by some sectors, may be seen as attempts to avoid the worst effects of the contraction of issues denominated in2,562 words
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Page 6 Advertisements
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Advertisement222 1978-10-18 6 Sandeman's Cream Sherry You don't have to pay a high price for a good Cream Sherry; Another quality product from IRfPn TERRIFIC! Sj w m I V ion bar Jjki n 'i-j Indonesian set lunch daily for lovers of spicy food and our speciality IK AN MAS. Try our most-talked222 words
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Page 6 Miscellaneous
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Miscellaneous137 1978-10-18 6 r THE southwest monsoon has slackened over most parts of India and the Bay of Bengal. However, tropical storms still affect the northern part of the South China Sea and the Pacific Ocean east of the Philippines. Also a zone of unstable atmospheric conditions has developed over equatorial latitudes of137 words
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Miscellaneous208 1978-10-18 6 ammwDiw SINGAPORE 5 PM Opening announcements followed by Beverly Hillbillies (repeat)* Diary of Events* Bonanza* Intermission PM Opening announcements followed by Petticoat Junction (repeat)* News in Brief* Timang Tinggi Tinggi (repeat)* Candid Camera* 7.30 News and Newsreel in Malay* 7.55 Play a Tune* 8.25 Charlie's Angels* 9.30 News in English*208 words
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Article, Illustration1345 1978-10-18 7 JUNJI SAGARA - By JUNJI SAGARA JAPAN has emerged as the most advanced robot manufacturer in the world little more than 10 years after they were first produced there. Although Japan initiated work on robots in 1967, five years after the United States, the development of relatedSource: Japan Industrial Robot Association - 1,345 words
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Article484 1978-10-18 7 THE VIETNAMESE, who have a reputation for being subtle and wily negotiators, did not disappoint journalists who attended a press conference with Prime Minister Pham Van Dong and his entourage yesterday. Their answers were masterfully evasive on certain key issues and, when an exasperated reporter finally484 words
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905 1978-10-18 7 JOHN TAN - FORUM. ...on foreign relations k A By JOHN TAN HARDLY had West German Chancellor Schmidt taken off for home last Saturday when in dropped Vietnamese Premier Mr. Pham Van Dong on his circuit to mend the bridges between his country and Asean. To905 words
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Page 7 Advertisements
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Advertisement394 1978-10-18 7 and where to entertain n rritat 11 Sw L S*-l A nightly faaat at ID* Moby Ota* CMn Homm (OrcMd Inn). Yo« Imw eholc« o> bMf. chtckan. mwltan, pork and IfMh aMfbotf. And rout otipit (pnbon Sondcyi OTHER MOBY OtCK SPECIALTIES: Chitff Crab*. SioamadCraba. and ottiar local IraahaMlood. Oarty MM394 words
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Page 7 Miscellaneous
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Miscellaneous40 1978-10-18 7 BriStcfW: Frank Dic&eas j m &W\NG, \NTMC c ~s>s* ISor^ssj ,e-, £2 v WPvLL iPufeuc ufcßftttv? 'TM\S GOTrf\ 50E.... rrw4D \r 11 JOIM Nou p IT U3PS ft HOT, SONNN/ DRY RND LvvwGSTONe SeBGULL o v^v/ 1>». '"•I. I USTIM40 words
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INTERNATIONAL COMPANY NEWS
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Article618 1978-10-18 8 TOKYO Source: DBS-Daiwa THC *>arket continued bullish yesterday. centring on mediumsiaed Mocks with good business results and a favourable outlook. The Nikkei Dow-Jones average exceeded the Y5.800 level and recorded an all-time high. Turnover was extremely heavy and exceeded 500 million shares for the first time inSource: DBS-Daiwa - 618 words
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Article425 1978-10-18 8 Source: SHK Securities Ltd. QUIET trading conditions returned again yesterday, following the 21.92 point drop on Wall Street and the raising of deposit rates by some Chinese banks. Some uncertainty ahead of Jardine's results was noted and prices were a shade lower by the morning's close. Following the interimSource: SHK Securities Ltd. - 425 words
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Article250 1978-10-18 8 OCT 17 Cents INDUSTRIALS AC I 191 A N 1 165 -2 A P M 114 -3 Ampol Pet 85 -1 BHP 850 -14 Bank NSW 766 -4 Boral 260 -2 Brambles 200 unch C B A 253 1 C S R 340 -8 Coal Allied 460 unch Dunlop250 words
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Article104 1978-10-18 8 (XT 17 Pesos Acoje Mining 0105 +0 0005 At las Con. A Atlas Con. B 20 90 -0.3 BiiguloGold 0125 unch Benttuet Con B 39 00 -2.25 BP Goodrich 27-00 unch CDCP 29 75 +0.75 Inco B Landoil Lepanto B 2750 -0 005 Marlnduque B 8 00 1.2 Meralco104 words
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Article199 1978-10-18 8 THE market firmed in active trading yesterday and the Book Club index rose 2.57 points to 191 98. dealers said. Ayuthayainv and trust co 388 New City 250 Berll Jucker 465 Kunasuta 86 Charoong Thai wire and cable 305 Metal Box 35 25 Bata Shoe 667 Mah Boonkrong drying199 words
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Article339 1978-10-18 8 GOLD shares continued easier in small trade on Monday following the Initial marking down with weekend New York prices. Losses ranged to 225 cents In heavyweights. Mining financlals declined In sympathy with producers. CKT l« Band INDUSTRIALS A Alpha 132 unch Aberrom 195 AE And CI 330 unch AMI!'339 words
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Article211 1978-10-18 8 OCT l( CI >/- Abltlbl 17* Alcan 38'* -3 Algoma 25 -1* Bank Mont 25* unch Bank Nova Scotia 21'* -1 Bell Tel 61'* -1* Beth Corp BP Can Ltd 18* Brascan 17H unch Camp Red Lake 43* -1* Can Imp Bk 30 -S Canpac 23*. 1* Canpac In*211 words
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Article563 1978-10-18 8 EUROPEAN MARKETS FRANKFURT share prices firmed on Monday with the VWD Index rising to 114.11. up 0.57 from last Friday. The mark's revaluation within the European Joint float had little apparent effect on trading. Deutsche Bank led banks higher with a two mark rise, while563 words
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Article240 1978-10-18 8 OCT It Dm Ael-Telefunken 88 02 Ak»> 28 80 +0 4 AllzLeben 778 -2 Allz Vers 520 05 BASK 143 50 0.8 Hay H T Wbank 323 50 3.5 Bay Vbank 346xr -18 Bayer 146 50 I BBl 312 BMW 228 50 0 5 Qunrila 430 unch < "hem240 words
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Article183 1978-10-18 8 OCT l( Francs ActionsSutsses 285 •1 Alusulsse Br 970 Alusulsse Reg 450 -S Brown Boverl Br 1515 ♦5 Ctba Getgy Br 330 10 Clba Gelgy PC 695 4-10 Ciba Cielfy Reg 552 unch rertlt Suisse Br 2185 15 Credit Suisse He* 417 ♦J Klektrowatt Br 1775 ♦5 George Fischer183 words
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Article103 1978-10-18 8 IMT IC Lire Anic 8# 75 -4 25 Avvk- On ***** -380 Bastogl 549 •13 cent rale 5305 -»5 Km 2900 -40 1-insider 170 25 -5 75 Gen Immob 85 -1.5 IFI Pri 2620 -37 Italrementl ***** -600 llalgas 780 -20 Ilalslder m -4 Ma«netl M PI 510 -14103 words
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Article179 1978-10-18 8 OCT l« Fta ABN Ahold 116 70 2.2 Akzo AMEV W 00 ♦2 1 Amfas ***** 0.7 Amrot Bank Bergoss 8360 0 3 Berk 92 50 2 Hols 74 20 ♦01 Horsuml) 158 10 -0.4 Burhmann 73 20 i Byenkorf noo 1.2 Calve Delft ***** 1 Dell MIJ 120179 words
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Article275 1978-10-18 8 OCT l« Frs OORBEILLE Air-Liquid* B S N Oenrau Danone C S F (ThomionCsf) CI* Frarvcals* desPetroles Compagni* Financier* Compagni* General* Credit Fonder I)* Franc* Hachett* (Ubralrte) Machines Bull Mlchelln (B) Parlbas Pechlney Clglne Kuhlmann Peugeot' Philips < Nv Oem Bent) Pnntemp# S A Rhone-PoulenceSA Royal Dutch SueKCle Flnan275 words
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Article91 1978-10-18 8 (XT 14 Frs forward market Aw 448 ♦4 Arl*<t 2400 unch Astur 810 Kruran 493 11 Br u-Lamb 1585 -5 Canpac 660 -2 < <«-k 439 -1 1* B**rs 207 -J Khes 2325 ♦5 tX-trobel 6810 ♦30 Ofo-Inno-Bm 2430 10 On 1368 -32 Hobok 2875 unch Petro 3395 -9591 words
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Article75 1978-10-18 8 Reuter LONG Term Credit Bank of Japan Finance NV (LTCB) plans to raise US$75 million of guaranteed floating rate notes due 1965 with an expected 0.25 per cent spread over London six-month Eurodollar mean rates, par pricing and a minimum interest rate of 5.25 per cent. CreditReuter - 75 words
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Article1164 1978-10-18 8 NEW YORK RISING Interest rates ori Monday pushed the stock market Into Its steepest nosedive tn almost four years In slow trading Analysts called the plunge a knee-jerk reaction to the 1/2point rise In the discount rate to a record 8-1/2 per cents and expectations of1,164 words
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Article67 1978-10-18 8 FINANCIAL TIMES INDUSTRIALS Monday 494.6 Friday 496 2 Week Ago 510.2 DOW JONES AVERAGE INDUSTRIALS Monday 875.17 Friday 897.09 Week ago 893 19 LONDON DOLLAR PREMIUM Monday 78 1 to 79'« Friday 80 to 80' H.K.HANG SENG Tuesday 638.57 Monday 643 78 Week ago close SYDNEY INDUSTRIALS Tuesday67 words
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Article1760 1978-10-18 8 October 16 CHICAGO Board Options Exchange volume rose to 149,421 contractson Monday from 121,382 last Friday. OPTIONS OCT JAN A PL STOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel All R AUR All R Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank1,760 words
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1036 1978-10-18 9 r EUROPEAN A FT ONE FACET of the Hoffmann-La-Roche appeal against the EEC Commission's "vitamin decision" is likely to be seen as bad news by some large companies. It is an argument delivered by Mr.Gerhard Reischel, the first Advocate General, in his opinionFT - 1,036 words
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356 1978-10-18 9 REED INTERNATIONAL, which has raised £66m this year through the sale of large parts of its South African and Canadian interests is now negotiating the sale of its 80 per cent stake in its Australian holding company. If the sale goes ahead and negotiations356 words
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322 1978-10-18 9 BOFORS improved pre-tax earnings by 27 per cent toSKr 39.9 million in the first eight months, while sales climbed by 22 per cent to SKr 1.55 billion. Hoevever, due to the costs of rationalising its turbine on diesel engine subsidiary, BoforsNohab, the Swedish armaments, steel322 words
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Article388 1978-10-18 9 WITH RECORD profit from Hertz Rent-a-Car more than offsetting an earnings decline at the National Broadcasting Company, (NBC), RCA was able to report an 11 per cent gain in net income for the third quarter. Although the company did not supply any figures, most analysts suspect that388 words
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259 1978-10-18 9 GELCO International Corporation, the UK-based operator of Gelco Corporation, the Minneapolis car leasing company, discloses that it now has some 10,000 vehicles under management in the UK and expects to double this figure over the next two years. The parent company has some 250,000259 words
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Article80 1978-10-18 9 THE GIANT British sugar company Tate and Lyle has announced that it is planning to sell its 51.6 per cent majority interest in the South African glucose and starch firm African Products. Negotiations had reached an advanced stage. Trade sources estimate the Tate and Lyle stake80 words
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214 1978-10-18 9 SHELL Oil Company expects 1978 earnings to be slightly higher than the US$5.ll a share earned last year. The company's president, Mr. John Bookout, said in the first half of 1978, Shell earned 12.52 a share, the same amount in 1977. Mr. Bookout also said214 words
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Article143 1978-10-18 9 Reuter. AMERICAN .Airlines said today its third quarter profit surged 71.2 per cent to the highest level for any period in its history, due primarily to the success of 'supersaver' fares and the strong performance of the economy. The airline posted a profit of US$ 90.1 million,Reuter. - 143 words
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411 1978-10-18 9 N.AMERICAN h 4 OCCIDENTAL Petroleum Corporation's proposed US$l billion takeover of Mead Corporation looks set to fall foul of Ohio securities laws judging from an extremely sharply worded report issued by the State official who held hearings on the matter last month.411 words
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Article250 1978-10-18 9 TWO OF the "blue chips" of the gaming industry, Hilton Hotels and Metro-Goldwyn-Mayer announced plans for major side by side developments in New Jersey's Atlantic City. On a rough count, this brings to 12 the number of companies which have announced plans to open casinos in Atlantic250 words
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251 1978-10-18 9 WARNER-LAMBERT'S net income for this year is expected to rise to more than US$2OO million and consolidated sales to more than US$2.B billion. The president Mr. Ward Hagan said the company earned $187.62 million last year on consolidated sales of $2.54 billion. In the first251 words
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542 1978-10-18 9 ASIAN PIONEER CONCRETE Services, the international pre-mixed concrete quarrying and building products group, plans a one-for-eight scrip issue for the second successive year, after a 34 per cent rise in group earnings, from Asl4.6m to a record ASsl9.6m (USs22.7m). The result betters the forecast542 words
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Article99 1978-10-18 9 NIPPON STEEL Corp. (NSC) of Tokyo has initialed a general technical assistance agreement with the Venezuelan State steelworks, Sidor. Under a five-year agreement, the Japanese steel firm has announced that it will provide technical aid in the operation of Sidor's new 3.6 million tonne capacity electric furnace,99 words
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153 1978-10-18 9 Reuter CANON said it expects a •tight deeilae la Its cimiH- net heme far 1178 ta •heat US MlBaa yea tram Ui MIB— last year. Balee, however, are likely ta rise ta aheat 21MI MlUea yea frea IHM MUtea last year, tt said. 1UReuter - 153 words
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Article92 1978-10-18 9 TOYO KOGYO exported 45,206 of its Mazda motor vehicles last month, 3 per cent less than September last year. Increased sales to Africa and South-east Asia were offset by ma)or f»n« in shipments to North America and Western Europe, a company spokesman said. But92 words
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275 1978-10-18 9 INTERNATIONAL Business Machines reported a substantial earnings pick-up in the third quarter after a period of only modest profit growth. Net income rose 18.2 per cent from US$69O million ($4.66 per share) to $816 million (15.60 a share) on a 15 per cent increase275 words
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275 1978-10-18 9 A NEW, high-yield investment plan that provides long-term savings goals is being introduced this month by Chemical Bank. Called the "Dream Bond", it is the only certificate of deposit in New York State offering up to a 20-year maturity period275 words
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108 1978-10-18 9 Reuter GRAND UNION Union Co said it is undertaking a series of mergers in which holders of Colonial Stores Inc common stock would be entitled to $35 for each share held. Grand Union said approval of Colonial Holders will not be required underReuter - 108 words
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Page 8 Advertisements
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Advertisement144 1978-10-18 8 mg^gfiEsg3rKßt&g] UI3 UMTED MTERN ATION AL SECURmES UMTTED Issue of 25,000,000 Ordinary Shares of Ssl.ooeach at Ssl.oo per share United International Securities Limited is pleased to announce that at the close of the Application List at 12 noon, 16 October 1978, subscriptions received amounted to $93.5 million. The Issue was144 words
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Page 9 Advertisements
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Advertisement93 1978-10-18 9 Perkin who? That s what everyone says' But we've only been in Singapore just over a year so we can t expect miracles Actually we're called Perkin-Elmer And sorry, we don t make diesels However we do provide important people like yourselves with a total minicomputer package Everything from installation,93 words
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DEALS DONE ON THE SES AND KLSE
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Article1192 1978-10-18 10 BID and offer pncea officially bated and business in and reported to the Stock Exchange of S:neapore jr ester day with the number of (hares traded •Down m bracket* In lot* of 1.009 unite unlet* otherwise epeclfled All Time Settlement Contract* are quoted after the wort "aett." Biff1,192 words
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Article80 1978-10-18 10 4 3/4% 15/9/80 250.000) (99.808 I00.00S) 5% T F 1/5/83 250.000X100 158 100.30S) 5 3/4% T F I WBl-&4 250.000) (102.00S) 7 1/4% 15/10/86 (250.000) (100.75B) 7 1/4% 15/4/86 (250.000) (100 758) 5 1/2% T V 15/9/87 250.000) 100.555) 7 1/4% 1/5/87 250.000X100.70B) 6 1/4% T F 15/4/9180 words
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Article92 1978-10-18 10 STRIKINO 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. Cold Storage (Dec $2.30) (0.398 0.545) Hume FE (Dec $1.55) (0.318 0.415) Inchcape (Dec $1.65)92 words
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Article149 1978-10-18 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Nmi|hi' prices ibrOri IS) (Carreat ft kea) The Commerce 2.23 2.37 Income Band 1.07 1.13 The Saving Fund 139 1.47 S pore Prog Fund 103 10»xd S pore Sec Fund 1 87 1 98xd S pore Invest Fund 1.33 141 MARA RUMIPtTRA149 words
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Article2432 1978-10-18 10 1978 High Low Company Laat Sale +orGr'i Dhr Div Crr Gr'« Yld Nat P/E Vol Day C000) Higk Low SECTION ONE INDUSTRIALS 272 238 178 219 275 111 278 326 245 660 132 Acma 123* Alcorn 112 Allied Choc 133 BAT 195* Bata 60 l 'j Ben2,432 words
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Article1452 1978-10-18 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 AJtaaawto <2 788 1.905) (1) 2.82. AlaMn (1.928 3 008) (1)1,452 words
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465 1978-10-18 10 Reuter JARDINE Matheson and Co Ltd expects the same level of earnings growth will be maintained for the full year, chairman, and senior managing director David Newbigging said. Final dividend is expected to be the equivalent of 51 cents (48) marking totalReuter - 465 words
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Article, Illustration719 1978-10-18 10 THE waltiag game dragged aa far Ike awt part af the day aa the Stack Exchange mt Slagapare yesterday. Bat tawards the last few mlaates sI tke tradlag day ssne late kaylag ssppart came tkreagk aad share prices clased aa a marglaally firmer719 words
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632 1978-10-18 10 LATE buying interest on the Kuala Lumpur Stock Exchange yesterday brought share prices to a mixed to slightly steadier close. However, the volume of transactions remained low at 1.95 million units valued at M 55.08 million compared with 1.98 million shares worth $5.25 on632 words
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COMPANY NEWS
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Article, Illustration599 1978-10-18 11 GUINNESS Malaysia has turned in a sparkling performance for the financial year ended Aug 31 on which the withdrawal of Goldie earlier this year failed to put a damper on. Group pre-tax profit soared to a record $20.6 million ($15.3 million) on a 17.3599 words
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262 1978-10-18 11 LONDON Sumatra, a member of the Harrisons and Crosfield plantations empire which fought off a £24 million bid from McLeod-Spief earlier this year, has suspended the two indigenous directors on the executive board of four in Sumatra. The reasons given for the suspensions are a262 words
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Article51 1978-10-18 11 JOHAN TIN Dredging has been queried over its proposed bonus issue of one for one. The company was asked whether the proposed scrip issue will have any expected changes in the company's profitability in respect of the current year ending Jan. 31, 1979, against that of the past51 words
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Article492 1978-10-18 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year B Katil 5% Sept 29 Oct 11 Oct 21 25% 25%<u) B Katil 10% I Sept 29 Oct 11 Oct 21 10% 2S%(v) KLK Deb 1 yr int. Oct 6 Oct 18492 words
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Article196 1978-10-18 11 Company Particulars Ex Date Books Close Temerloh Bonus Issue of I for 6 Oct 6 Oct 18 MBS Bonus Issue of I for S Oct 16 Oct 26 Harimau Rights issue of 1 loan stock for 2 ord shares Oct 17 Oct 24 Rothmans Bonus Issue of 1196 words
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Article, Illustration747 1978-10-18 11 DAVID CHOW - By DAVID CHOW ROTHMANS still suffered from the double headache of a stagnating turnover coupled with rising costs in the last financial year ended June 30, which depressed its profit further for the second consecutive year. Rothmans' turnover crept forward a mere 4747 words
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Article73 1978-10-18 11 THE East Asiatic Company Subsidiary Berhad has taken over stock control of the Malaysian River Estates Sendirian Berhad plantation company, the EAC headquarterss in Copenhagen announced on Monday. The company said its subsidiary obtained control over the River Estates plantation in eastern Malaysia for a price of 7573 words
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Article, Illustration432 1978-10-18 11 IN A sharp turnaround, Tropical Veneer appears to be gaining some ground in its battle to survive with a strong return to a profit position in the first-half of its current year. Clearly, the move to inject new blood and money into the company432 words
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Article248 1978-10-18 11 OILAN1 Jate aid Textile Mllla<M) BM:AGM to be held at 2-F, Chartered Bank Chambers, Beach Street, Penang, at 11a.m. on Oct 19. Ltd:EOGM to be held at the Regent Hotel, JaJan Imbi, Kuala Lumpur, at noon on Oct 20. Jahaa Tia Dredgiag Bhd:EOGM to be held at Amanah248 words
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211 1978-10-18 11 PRE-TAX profits at the Textile Corporation of Malaya Berhad rose fractionally from $586,000 previously to $590,000 in the first six months of the current financial year ended June 1978. The group's total sales netted, however, showed a marginal decline, from $17.14 million to $17.12 million,211 words
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Page 11 Advertisements
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Advertisement322 1978-10-18 11 "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 Leys depicts the People's Republic in shades both light322 words
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1099 1978-10-18 12 ARTHUR NG - By ARTHUR NG IF SILENCE can be construed as consent, then shareholders of Singapore Merlin have given a near unanimous 'yes' to United Overseas Land's proposed arrangement to turn this hotel-cum property development company into a wholly-owned subsidiary. For at the close of the1,099 words
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Article, Illustration223 1978-10-18 12 BALLOTING far the shares sf Ualted later—fleas I Securities (UIS) was held yesterday at the Ualted Chase Merehaat Bankers Lid's caafereace ream in Straits Trading Building, Battery Read. A total sf 19.38 militoa shares were aiiated to successful apptteaats whs applied far l,Mt to MM shares.The reiikh|223 words
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Article126 1978-10-18 12 The The Republic of Singapore Air Force (RSAF) and Singapore Airlines have launched a reserve pilot scheme under which qualified RSAF pilots will be released at regular intervals to take appointments with SLA. The scheme will reduce the operational costs of RSAF and help to126 words
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Article246 1978-10-18 12 THE battered US dollar plunged in heavy trading on the Tokyo foreign exchange market yesterday and came close to its postwar low rate of 181.80 established last August. After opening at 183.50 yen, nearly three yen down on Tuesday night's closing rate, the dollar fell further246 words
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Article815 1978-10-18 12 LONDON, Tues. Share prices closed quietly firm after a hesitant start today, dealers said. Mark* and Spencer'* interim figures were above market expectations. pushing the share price 5p higher, and other stores also put on several pence in sympathy, dealers added. Gains in leaders were generally confined to815 words
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Article179 1978-10-18 12 MALAYSIAN Alrllaes System, la eallaberatlca with PuAa airways aad Nerth-weat Alrliae, has iatradaeed cheaper (ares which will cat dewa alrtravelliag carts hetweca Malaysia aad the US hy mere thaa half. Kiawa aa "badge! fares" the aew scheme was hraaght lata effect (ram Jaae 1179 words
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Article80 1978-10-18 12 AFP ASEAN managers have identified a six-point plan for implementation by governments in the five countries to develop their own technologies. The plan was discussed by 35 Asean management representatives and offi-» cials attending a threeweek seminar in Kuala Lumpur on "the management of transfer of technology"AFP - 80 words
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Article, Illustration476 1978-10-18 12 JOHN LIM - By JOHN LIM SINGAPORE and Vietnam have agreed on steps to promote trade and cooperation, and that the State Corporations of the Socialist Republic of Vietnam and its Singapore counterpart, Intraco, promote mutual trade and economic relations. Talks between the visiting Vietnamese Prime Minister,476 words
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Article341 1978-10-18 12 COLIN CHEE - By COLIN CHEE HOUSING and Development Board flats may be prefabricated in future This is implied in a report on the audit of the board's accounts for the year ending last March. Singapore's auditorgeneral Chee Keng Soon said that during the year under review341 words
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294 1978-10-18 12 Reuter SAUDI ARABIAN Oil Minister Ahmed Zaki Yamani said he would not be surprised if Opec ministers decided on a "reasonable increase" in oil prices to take effect from Jan 1 next year. After a lecture to the Confederation of Engineering Institutions in London, Mr.Reuter - 294 words
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Page 12 Advertisements
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Advertisement134 1978-10-18 12 Leader...Page t. IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are. quoting the following for Singapore Dollar term deposits up to SS2SO 000 1 month p a 3 months 6#/ 0 p.a. 6 months 6%% p.a. 9 months 6''«%p.a. 12 months 6V« p.a.134 words
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Advertisement215 1978-10-18 12 THIS SIGN MEANS BUSINESS The sign of the Kiwi. New Zealand's unique emblem bird, identifies products that have earned an international reputation for quality, reliability, craftsmanship and durability. See how YOUR BUSINESS can profit from New Zealand-made products at the Hilton Hotel, Kuala Lumpur, Malaysia, 13 —18 November, 1978 Adhesives215 words
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SHIPPING TIMES
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PORTSIDES
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Article90 1978-10-18 13 DEREK Kimber, chairman of Austin and Pickersgill, will visit China in early December in a bid to win a share of the 30 ships on China's shopping list. China has invited tenders from Japan, Eastern Europe and the EEC and its requirements include 10 roll-on-roll-off vessels90 words
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Article118 1978-10-18 13 NIPPON Kokan(NKK) said it has drawn up a 40 per cent shipbuilding capacity reduction plan featuring the idling of three building facilities of its three shipyards. The plan, drawn up on the basis of a recommendation by the Japan Shipbuilding Rationalisation Council that the Japanese shipbuilding industry118 words
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Article46 1978-10-18 13 SHIPPERS in the UK/Continent and Scandinavia short-sea container and ro-ro trades are bracing themselves for a succession of hefty rate shocks, LLoyd's List reports. Major operators in the trades feel that short-sea rates have not risen in line with increases in operating costs.46 words
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841 1978-10-18 13 RAHIM KASSIM - By RAHIM KASSIM INTERNATIONAL shipping conventions have a way of making themselves obsolete when they are finally accepted and practised by maritime countries. The 1972 Singapore Carriage of Goods by Sea Act, which was enforced early this year giving statutory effect to the841 words
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Article490 1978-10-18 13 Shipping Page 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 EAC490 words
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Article, Illustration93 1978-10-18 13 THE Pert Liverpool's Roytl Seaferth container terminal will be linked with the aattoaal FreightUser aetwork by next aatamn In a move to attract mare trade to the part. The UK government haa appraved a 5* per cent pant far the project to the Mersey Decks aad93 words
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Article170 1978-10-18 13 BEN Asia Container Service (BACS) will expand its Straits/ Japan service from December to cater for the increasing volume of trade between South-east Asia and Japan. The line will provide scheduled weekly sailings from Singapore, Port Kelang and Penang to Tokyo and Kobe. It is currently170 words
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3407 1978-10-18 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of3,407 words
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Article114 1978-10-18 17 The major shipping consortia opeft ating between the Far East/EurogSfc and Straits ports/Australia and tnfe" 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 Lines114 words
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Article1259 1978-10-18 18 r ZTZ IMPORT FCL CONTAINERS EX CONTAINER VESSELS ;ZZ AT CONTAINER TERMINAL »^Name Voy No. Date/Time Of Completion Of Discharge Date/Time Store Rent Due Mode Of Operations JHtt1 Maersk «Aiva Maersk Bay ftiti Samut Asian Patroos Nipponica Pegasus Pride Selandia Maersk Rando Zlm Kaga Maru Ever Handsome TSleanora1,259 words
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Article881 1978-10-18 18 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 Line— Intermodal. Algerian National Line (CNAN )—Uni pacific Alpac Line—lntrasea881 words
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Article149 1978-10-18 18 UPI NOVEMBER prtmtmU* a slightly Mgklcr pmpcet far Atlantic bathers who the Sextam achieved the Inner flgare at US$7 (HO) far a tl,m t—r ikipoeal at US Gmlf grata to Hallaad. Great Lakes grata charterlag eaattaaed ta reaeeaaMe velame tadadtag the CeatlaeataJ grata paymeat at «*nO) tramUPI - 149 words
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Article107 1978-10-18 18 OFFICIALS of Kobe, Seattle, Washington, and Rotterdam discussed ways of developing ports in Japan, the United States and the Netherlands in a meeting of sister ports this week. US officials were led by Paul Friendlander, president of the Port of Seattle Commission, while the Rotterdam mission107 words
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350 1978-10-18 18 UPI CHINA, seeking to build up its merchant marine, will inaugurate on Sunday regular shipping service to major Japanese ports for the first time since the end oT World War n The Tokyo office of the China Oceangoing Transport Corp has told theUPI - 350 words
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263 1978-10-18 18 SEALAND, the worldwide containerised freight carrier, celebrated its tenth anniversary last month in Japan with a one-day symposium on cargo transportation. Over 200 members of the US and Japanese transportation community participated in the symposium. Speakers featured in the programme were drawn from leading US263 words
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Article304 1978-10-18 18 EXPECTED ARRIVALS TODAY PASIR PAN JANG VfIADVIN Equator 0600 821-881 CB2 Gaa 302 Kota Benar 0700 after Cherry Manis 1230—1365 CB7 Gdn 303 Southern Strainer 1200 1000-1104 CB4 Gdn 303 Sri Phensinn (OST) 0700 889—992 CB3 Gdn 302 TELOK AYER WHARVES Barge Brunei 41 0700 FP 3304 words
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Page 13 Advertisements
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Advertisement346 1978-10-18 13 Barter nue Sea DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pie Lid Tel 9265' Harrisons A Crosfield Kuala Lumpur Tel: MOWI/* Pernas-MtSC Penang Tel ***** IA KI) I\ 1 AN I AH Orient Overseas CotdaiMeA. Line FlllLY CONTAVCRISED SERVICE TO EUROPE (VIA SUEZ) OttNTAL CHEF346 words
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Advertisement307 1978-10-18 13 as® JSI SEALORD ANTAH UASC UNITED ARAB SHIPPING CO (SAG) S pore Loading for Dubai (11/11). A Dhabi (14/11). Dote (16/11). Bahrain (18/11). Damm (20/11) Kwt (22/11) Muscat (23/11). Dubai (25/11) A Dhat» (27/11). Doha (29/11). Damm (1/12). Bahrain (3 12) K«t (6/12) Dammam. Kuwait. Basrah. Khorr Kurt. Damm. Dubai.307 words
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Advertisement502 1978-10-18 13 SEA LAND WEEKLY SERVICE TO/FROM U.S.A. AND JAPAN FASTER TRANSIT/NEW SHIPS CALL FOR DETAILS *****22 MAERSK LINE FOt list Ana (Hongkong I Japan (Tokyo *ote. V Mafoya Osaka. Shtmuu) FOR Arab«rwlran.an Gull (Bahrain Vessel Khorramsftanr Dammam Dubai Burin k Karachi! IMPORT FROM East Canada and U S Atlantic Cult Paotic502 words
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Page 14 Advertisements
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Advertisement837 1978-10-18 14 FULLY CONTAMRISED TO EUROPE EXPORTS S part PKetanf Htwt Bluxn Adam le Hanrt 9/11 11/11 19/11 21/11 17/11 19/11 17/11 29/11 5/12 7/12 7/12 9/12 10/12 12/12 19/12 21/12 Oukaßa? 19/10 20/10 9/11 11/11 12/11 14/11 Baunn 28/10 30/10 19/11 21/11 27/11 25 11 Hmkane Eipms 31/10 17/11 19/11 20/11837 words
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Advertisement461 1978-10-18 14 7~ ek barber blue sea: From: US ATLANTIC US GULF 4 LAST CANADA UM Nw S/C MM 10/17 Nn 22/23 OK 14/15 7T Nw 25 Dk N>« 30 0« Ok 3 Ok 7 Ok I OK 10 Ok 15 Ok 17 27-21/12 27-21/12 imj/I 29-30/1 29/12 29-30/12 20-21/12 30-2/1 34/1461 words
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Advertisement633 1978-10-18 14 tLAND U.S.A./ASIA DRY KfBGEMnC CONTAKR SNCE SAMS DOT HBMT FN POTO M USA. CANADA. CMNKAN. MPML >aa TMMML MKIOK. IMNMM MM MUfHS VESSEL/VOYAGE Vessel /fw CL0513 Arrives/Departs 00 PM WORLD TIGER Vll OCT 21/22 OCT 19 WORLD LION Vll oct 26/27 oct 25 WORLD TIGER Vl2 NOV 2/3 NOV 1633 words
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Advertisement953 1978-10-18 14 Everett Lines m. Bwim Fivt Star Shipping Corpn. "BURMESE NATIONAL LINE' LORMR6 FOR MNBOM km Oct BF.S.S.C Agents in Malaysia TEPS MALAYSIA Port Keiang Id (38) 7355 Penang Tel *****/***** *Safe|Kt Id inducement ryvmmo urn n lnttrcoiitiMiiUi S. A.C.I.F. R w 111.1: CAPETOWN HOBS AMES mm r II Hw 11/2*953 words
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Advertisement793 1978-10-18 14 SANKYO LINE AUSTRALIA SERVICE t Ketang Saigapore Loadng to rut river..... THREE STAR SEWLOOM... MAY CARP—22/25 OCT 21/21 OCT SYD. MEI. MCI 29/30 OCT 31/31 OCT SYD. MEL. ADEL 1/ 2 NOV 3/ 4 NOV DARWBI. BROOME. FREM 16/17 NOV 13/15 NOV SYD. MEL. ADEL BANGLADESH SERVICE OMMONDSTMt. 11/12 NOV793 words
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Page 15 Advertisements
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Advertisement547 1978-10-18 15 QCL Overseas Containers Limited CONTAMRSMP SERVICE TO UK/CQNTKNT: CONTMOSNT SERVICE FINN UK/CONTfCNT A SQL Australia Straits Container Line (A MEMBER OF DC MM CONSORTUM) KO-KO CONNUNERSHT SERVICE TO/FROM AUSTRALIA General Afentv MANSfELD SHPPWG PTE. LTD Agents Guthne Bousteid Sfcppnf Sdn Bhd SM6APORE let *****1. rjt. Trt: 6301. KL Tefc *****1.547 words
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Advertisement1131 1978-10-18 15 GRANARD LINE RELIABLE I DEPENDABLE NON-CONFERENCE EXPRESS SERVICE WEST BOUND-FAR EAST/MEDITERRANEAN s'pgrf f PMUM LM4M |y MV MAN MNG V 19W 27 Oct 29 Oct 2*. Dytafa/P Sad/Aleian*u/Berrt Lattakia/PfraM/Tapoi/Ba^liaa/ HV. MM FUNG V-28W... 21 Nw MV MM IMH V.2IM II DM t SaM/Mei«*ia/B«>vt/lattaka/ Pfc— P Said/ AMundna /Bant/1 attakta MV1,131 words
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Advertisement714 1978-10-18 15 w.BEN LINE CONTAINERS evrbs canon soma to/fbom qmr itwtkf hpw» ■mm Hare talMhl taMbpiw CHfabv FROM EUROPE iNtalq Br—M Eiprtss IViiMn Cartffan Bit am H BURG BHAVEN ROAM HAVRE SOTON W Germany' Austria Benetai France AIUR P Manf Spore Far SaM SaM SjM M M Nrt HR. IPN W M714 words
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Advertisement655 1978-10-18 15 Scan Dutch V NTAINER SERVICE VIA SUEZ STBOUNP TO MED/UK/ ONTINENT/SCANDINAVIA feeder troni P Mang «njd tLIMOtt SJM NMM FtAKESCA 14/14 FIUMOU 24/14 InTUU FtANCfSCA 4/11 EUANOU 11/11 AOMKAA fiwiasc* is/u «o how (LiMOtt nil WTIMBM WNCtKI 1/12 MO HIF CUMH 4/12 Vlini FUMOSCA i«/u 1 Accaptagtar Spate I) Mseilles655 words
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Advertisement761 1978-10-18 15 GUTHRIE BOUSTEAD THE BANK LINE LTD. LOWS FOR E ft S AFRICA 2M iMauritur Rrunion Bf«<i Durban f I PI Capetown Iranian taPt 1» Oct S pew 20 Oct f Urtarif 25/* Oct rwat EAST t SOUTH VRttt UKOSTOK Pfrunt FORTUNE SIM Pen** GOOD KRAIO Pima* ft* BANGKOK MM* P761 words
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Page 16 Advertisements
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Advertisement876 1978-10-18 16 K LINE KAWASAKI KISEN KAISHA. LTD. 1 ■tißiiaroaawßiiißiM (VM by Container Vets* TO EUROPE S'pore P KeiangL Havre H'bufg Bremen R dim A aeip OMNTU. CHEF 11N n Oct 22 Oct »Nm 11 Mm 12 Nm 13 Mm 15 Nm Ml. COHTMCI 12W 24 Od 21 Od 15 Nm 17876 words
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Advertisement750 1978-10-18 16 U.S.A./EAST CANADA SERVICE acceptmg ra/ia contamjb from penang. p. kelang. stom Lm*c tor m TOM. CARBEN. BN.IMK (M Lain mtf) NOVOU Penang Beta«an P Kelang S« 0 MAOHYA PRADESH (MISA 24 SO) 27/28 Oct 29/30 Oct 31 E.C./GREAT LAKES SERVICE *i hr Norfolk. mm row, Montreal. tommto. asmtamu. Detroit cmcago750 words
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Advertisement784 1978-10-18 16 1 k NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE S port P Man( S lon Brtni R (Urn o amf t m CONTMER MOct aoct 7Nr 21 Od 21 Od 13 Mr Mm |R* 11 lb* 12 Nr 13 Nr 15 Nr Mr IS Mr 17784 words
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Advertisement748 1978-10-18 16 MALAYSIAN INTfRNATIONAL SHIPPING CORPORATION BIRHAD .EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA *P Veual Sport 1) MsaAes 2) Rdarn 3) H twr| 4) Gter| Sated NKM 21/11 3/11 l/U 14/11 12/11 21/14 N HUM 31/1* 12/11 17/11 IS/11 21/11 4/11 TOYAHA «/U 21/11 24/11 21/11 31/11 11/11 KOUIUM 17/11 31/11 S/12748 words
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Advertisement701 1978-10-18 16 I INTRASEA (PTE) LTD. Faber House 2T4E Orchard Road Singapore 9 Telephone *****11 *****57 REGULAR MOOOENT SEM/FULL CONTAMER SERVICE TO EUROPE NOtASU NB2O KH9I Wl |C«* s*> NOMSU NB7? AfcMi Snfipvt SfO'f P Mmv fn«i( luM| tar 75 Oct ?t Oct llh 14m H buf| A w»p 3 Nn S701 words
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Advertisement187 1978-10-18 17 SHIPPING SUMA ija COPE NHAGFN LINE EXPRESS SEMI-CONTAINEfc SERVICE TRANSIT 21 to 24 DAYS 1/11 24/U 2/12 21/11 1/11 12/11 IC/U 1/12 lt/12 12/12 DIRECT SERVICE FOR WOOD PRODUCTS S'pn P. Mm(Pmm| R'ten May. Nrapvt Esbj lynnm COIT *114 21/11 24/11 21/11 31/11 4/12 1/12 MTU «11< 11/11 11/11 11/12187 words
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Advertisement282 1978-10-18 17 II p* ?or €*preaa 2£td WEST BOUNO LOADING FOR MUSCAT. DUBAI ABU DHABI. BAHRAIN. KUWAIT ETA ETD CONFDENCE EXPRESS *761* It Oct 19 Oct FEW. GLORY V7«W 2 Nov 3 Nov Al BARAT VSOW 11 Nov 12 Nov EAST-BOUND DISCHARGMG ONLY Al FARAJ V77E 12 Nov 13 Nov VACUVATOR SERVICE282 words
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Advertisement193 1978-10-18 17 ALFRED C. TOEPFER LINE REGULAR SERVICE TO KDITERRAICAN PORTS OF ITALYtSPMN, FRANCE m OMOUSSIAN I m MVDtSHW S'p«re P. Ketanf Ifedurfmi Parts 21 Oct In Port la Speaa Salem. wpws, inesie, vmm 26 Oct -MdahBURDEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP I U.K. ACCEPTMG THROUGH HLLS OF LADMG TO193 words
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Advertisement9 1978-10-18 17 NOTICES I I ■> 1 > ht t «1 g?« fcey^jlTr.*'9 words
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