The Business Times, 24 October 1978

Microfilm: NL9863
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, OCTOBER 24,1178 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Oil imports down
      76 1 UPI. TOKYO, Mon.— Japan imported 21.2 million kiloliters (132 million barrels of crude oil in September, down 4.8 per cent from August and down 4.5 per cent from last September ,the Petroleum Association reported today. The association said West Asia accounted for 101.7 million barrels, down 6.6
      UPI.  -  76 words
    • Article
      Lock icon Japanese know-how
      64 1 Reuter. TOKYO, Mon.— A high-powered Chinese economic and industrial team will visit Japan soon to learn how to train young workers and establish discipline in factories, the japan-china association on economy and trade said here today. The 23-member mission, led by Mr.Yuan Paohua, deputy chairman of China's State
      Reuter.  -  64 words
    • Article
      Lock icon Vietnam applies
      44 1 Reuter. KUALA LUMPUR, Mon.— The seven-member Associationof Natural Rubber Producing Countries has accepted an applicationby Vietnem for membership,ANßPC secretary-general .Sumardi Reksopoetranto.said. A formal letter has been forwarded to the Malaysian government ashost of the ANRPC secretariat requesting its approval of Vietnemesemembership Reuter.
      Reuter.  -  44 words
    • Article
      Timber boost
      61 1 KUALA LUMPUR, Mon.— The Malayan Railway will offer services for the transportation of the less popular species of logs at "very nominal prices" beginning from next month. Disclosing this today, MR's director of commerce, Encik A.Rahim Osman said this was to cut down on the wastage of these
      61 words
    • Article
      Lock icon Opec price talks
      77 1 UPI. ABU DHABI, Mon.— The secretary general of the Organisation of Petroleum Exporting Countries (Opec) has arrived here for talks on oil prices and policy, the official Emirates News Agency said. It said:"The subject of the price of oil, particularly in view of the decline of the
      UPI.  -  77 words
    • Article
      Lock icon Six million jobless
      76 1 AFP. BRUSSELS, Mon. Unemployment in theEuropean Economic Community was still around six million, or 5.5 per cent of the labour force, at the end of September. The jobless fell sharply in West Germany (6.5 per cent), Ireland (6.1 per cent) and Britain (5.6 per cent), and to
      AFP.  -  76 words
    • Article
      Lock icon Dow Jones
      68 1 UPI. NEW YORK, Mon. Prices turned in a mixed performance early today in fairly active trading. The Dow Jones industrial average was ahead 0.95 to 838.96 shortly before 1500 GMT. Declines led advances 674 to 433, among the 1,520 issues crossing the tape. First-hour volume on the Big
      UPI.  -  68 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      133 1 Rites M ost octin 'e C AC 580 +25 S Darby 353,000 OCBC 900 +20 Magnum Corpn 364 18 Consplant 244.000 Sime Darby 358 18 UOB 131,000 Niiyuf Preu 346 16 UOL 130 000 GuilMM M Banking 820 590 15 15 Total Turnover :3.47m C Sugar* 338
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    • Article, Illustration
      In Kuala Lumpur
      137 1 Rises Most active Killing ha 11 3100 100 S Darby 506,000 Hong Kong 1650 50 H Par 294,000 M Banking 596 35 Consplant 189,000 C and C 580 20 Pahang Cons 157,000 OCBC 915 20 Total Turnover: 3.03m Castlefield 1180 20 Total Value :M$8.48 m Sime Darby
      137 words
  • Article
    PUB power to electrify Batam
    964 1  -  $40m SINGAPORE CABLE LINK By JOHN LIM DISCUSSIONS are under way between the Public Utilities Board and Indonesian authorities for Singapore to supply an electricity power link for the development needs of Batam Island projects. If negotiations are finalised, Singapore could spend some $40 million
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  • Article
    OUS shares seven times oversubscribed
    215 1 THE investing public has put more than $90 million into the ballot box for this morning's balloting for 12.5 million shares in Overseas Union Securities (OUS). OUS is the closed-end investment trust floated by the Overseas Union Banking group and is the latest to join
    215 words
  • Article
    Sime Darby's move meets with opposition
    676 1  -  By QUEK PECK LIM SIME Darby Holding's plaits to change auditor has met with opposition from minority shareholders. Two shareholders have nominated Sime's retiring auditor Turquand, Youngs and Co to its old position in opposition to the conglomerate's plans to replace the firm with
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  • Article
    POSB to start night banking service
    270 1 THE POST Office Savlags Buk to plaaatag to lateastfy Ito grip aa depaslters by pnviita| kuktag faculties iver aad abtve .tkwe affered by CMDmerdal bub. The MP far Bm Lay, Mr. Ngeaw Pack Haa, aaM yeatorday the POSB will start Bight baa Mag faeillttee
    270 words
  • Article, Illustration
    Filipino firms sign US$20m loan for oil project
    257 1 A LOAN agreement for US$2O million (about Ss43 rriillion) was signed here yesterday by four Filipino companies involved in a project that will help ease Philippines' energy problem. The syndicated 10-year loan on a spread of one per cent above the London
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  • Article
    PROJECT STILL ALIVE
    109 1 ASEAN Investment Group Ltd. (AIG), a group of merchant banks in the Association of South-east Asian Nations which banded together to float bonds in Europe and West Asia, have denied their project is at a standstill. A spokesman of Bancom Group Inc, the Philippine representative, said the
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      3 1 Business SINGAPORE BUSINESS
      3 words
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      Page 1 Advertisements Column 2
      43 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant IHI HEnnv nnc qgercies pte ltd BRUNL 1 AGENT Rf LIANCt DISTRIBUTORS 144 B JALAN CHEVALIER.BANDAR St R BE G A A N BRUNEI TEL ***** V. I V m
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      Page 1 Advertisements Column 3
      62 1 ti L A SHIPPING TIMES CASIO —r I COMPETITION tows Weil ixn pmn tu en et Mint 5......... s uupi 11 80LID rwlU fer Carter's laflatlea in* GOPENG Ms set to reap Ugh HONGKONG eeeaemy a REASONS fsr RasaMgh's PHARMACEUTICAL draw set ■p jeiat veatare 12 CROSSWORDS S, AIRCRAFT SCHEDULE
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    • Advertisement
      Page 1 Advertisements Column 4
      144 1 U-Bix COMPLETE COPYWG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE'Te) ssew* <s i.n«) APS ELECTRONICS (M) SON BHD KUXLALUMPUR Tel 03 *****0 KLM-ROYAL DUTCH AIRLINES Freitfit Sales Department Mixed Tenants Cargo Complex. Mezzanine Floor. Paya Lebar Airport. Tel: *****67/8 Freight Handling Department 5. CIAS Cargo Terminal. Paya Lebar Airport. Tel: *****3,*****3.
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  • TRADE AND INDUSTRY
    • Article
      Lock icon HK DTIC hit over textile quotas review
      409 2 AFP. THE REGIONAL business monthly Textile Asia has taken the Hongkong Department of Trade, Industry and Customs to task for not having undertaken the review of the quota allocation system as originally scheduled. An editorial in the current issue of the magazine said
      AFP.  -  409 words
    • Article
      Merchant banking subsidiary
      128 2 STANDARD Chartered Bank yesterday announced the formation of its own merchant banking subsidiary in Singapore. Standard Chartered Merchant Bank Asia (SCMBA) is partly the result of the split between Chartered Merchant Bankers' two principal shareholders Standard Chartered Bank and Arbuthnot Latham and Company. With a paid-up capital
      128 words
    • Article, Illustration
      Casio calculating Singapore's assets
      524 2  -  By COLIN CHEE A LEADING Japanese electronics manufacturer is studying the prospects of setting up operations in Singapore. Casio Computer's managing director R. Soyama disclosed last week that the Tokyo-based company will decide soon whether it will invest in the Republic. Feasibility studies were started towards
      524 words
    • Article, Illustration
      ICS assured with NCR
      133 2 AFTER mare thu two years of stndy, the Insorancc Corporation of Sag»pwt (ICS), has decided to computerise all its existing operations. Mr. Chew Lay Kiat, general manager of ICS, concluded the agreement with the managing director of NCR, Mr. J. S. Moslev, on the parehase of
      133 words
    • Article
      Express post to Australia
      76 2 BUSINESS organisations here can now have access to a special international allexpress postal service to Australia. The service provides door-to-door collection and delivery of postal packages. It is also available *to Belgium, Hongkong, the Netherlands,and United Kingdom. Letters, business and commercial papers and business samples and
      76 words
    • Article
      No smoke gets in our eyes
      222 2 THERE were no significant changes in the total acidity and suspended particulate levels in Singapore in the third quarter, as compared with those in the second quarter of this year. There was a slight decrease in the smoke and dust fallout levels. Ozone was
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    • Article
      Furniture man on move to Taipeh
      233 2 MEMBERS of the Singapore Furniture Manufacturers and Traders Association (SFMTA) are making their first trip to Taipeh next month to take part in the fourth annual convention of the Association of Furniture Industry of Asia (AFTA). The 25-strong team represent the local furniture manufacturers,
      233 words
    • Article
      Lock icon Thai hotel count
      90 2 AFP. THE Tourist Organisation of Thailand (TOT) has called on the Board of Investment (BOI) to grant promotional privileges for the setting up of new hotels in Bangkok, an official source reported. A spokesman for TOT pointed out that by 1981 Thailand expects to receive about 2.2
      AFP.  -  90 words
    • Article, Illustration
      PURE GOLD POURS INTO A BOTTLE
      221 2 HENNESSY has produced a number of solid-gold artifacts, including two gold battles worth $15, MC each, to highlight its Gold Bottle contest currently being mounted in Singapore. The two solid gold bottles, of 21 carat Chinese gold, will be presented to the two first
      221 words
    • Article
      Lock icon Taiwan-US trade
      295 2 AFP. TAIWAN will have a record surplus of US$2.5 billion (about 5J5.4 billion) in its trade with the United States this year. Economic Minister Chang Kwang-shih predicted. Earlier, Mr. H. K. Shao, director-general of the Board of Foreign Trade, estimated that Taiwan's trade surplus would reach as high
      AFP.  -  295 words
    • Article
      MEMO PAD
      408 2 COURSES AND TALKS Oct 6-28: The effective executive, SIM, SIM Oct 17-31: Employee training and development, Holiday Inn, P.O.D. Oct 21 and 28: Telephone techniques and courtesies, SIM, SIM Oct 23-24: Communications for effective management, Ming Court, Price Waterhouse Oct 23-27: Work measurement and financial incentive schemes, SIM,
      408 words
    • Article
      Proposals may stunt growth of rubber industry
      305 3 INCREASED replanting allowance would benefit Malaysian rubber smallholders but the absence of concessions for the rest of the industry would slow down investments. This view was expressed by the managing director of Mardec, Encik Sulaiman Manan. in his comments on the Malaysian budget
      305 words
    • Article
      Tin profit tax cut will benefit the larger companies
      555 3  -  By A. KADIR JASIN in Kuala Lumpur THE MALAYSIAN tin industry, while not exactly pleased with what the 19TO budget has offered it, is not altogether disappointed. At the current price level, the benefit of the cut in tin profit tax
      555 words
    • Article, Illustration
      'FLYING DOCTORS' KEEP AIR SAFETY IN CHECK
      506 3 AUSTRALIA'S nwct exclusive alrllae kaa tkree sepktoticatod jet aHmen, flys sf UlNMtni a week bat hu sever ewried I paylag pamee «er. Yet wlthast It, few ef Ike 4,871 aircraft registered la Aastralla eaa fly teeUmg totally aeeare. 1W aaasaal alrttae la the
      506 words
    • Article
      Malayan Banking sticks to old prime rate
      227 3 MALAYAN Banking is not changing its prime lending rate and its borrowing rates on savings and fixed deposits although interest rates have been freed effective yesterday. Commercial banks can now set their own interest rates except in priority areas such as lending to
      227 words
    • Article, Illustration
      Malay chamber wants small business body
      768 3 THE Malay Chamber of Commerce and Industry has urged the government to consider a proposal by its president, Senator Kamarul Ariffin, for the setting up of a Small Enterprise Development Corporation (Sedcor) to promote the development of small enterprises. This was one of several
      768 words
    • Article
      Asean rice scheme
      171 3 ASEAN is considering a rice commodity agreement to ensure stable supply and reasonable prices which could become a model for a world agreement, Philippine Agriculture Minister Arturo Tanco said. Mr Tanco, president of the World Food Council which is trying to establish a programme of global food
      171 words
    • Article
      Lock icon Pakistan tractor factory
      105 3 AFP A TRACTOR plant able lo produce 10,000 Massey Ferguson tractors annually will be set up in Pakistan by the end of 1980 with the help of a British firm, Pakistan's President Mohammed Zia ul Haq disclosed yesterday. Addressing leading agricultural scientists and government officials at Faisalabad,
      AFP  -  105 words
    • Article
      India checks rubber imports
      72 3 FURTHER rubber imports by India are not at present being contemplated, Indian State Trading Corp sources said. India is importing 15,000 tonnes of rubber this month, but only about 1,000 tonnes has so far been lifted from about 7,000 tonnes which has landed. Also, arrivals from
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      313 2 Why canTheJotffcl halve a businessman's daily required reading Because it does twice the job of other daily publications. Add The Journal to your list of daily required reading and behind the headlines so reveal ingly that they've been you'll find that it more than pays for itself in two ways.
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      129 3 Because the hanker was (>n his t< >es. tl le 1 nisi n< off and running. Particularly when he's bi the worldwide resources of a gt financial network. As alj our bankers are Take the matter of financing for a new business in Asia. A Only a bank like American
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      629 3 LI TWO-IN-ONE CROSSWORD A CRYPTIC PUZZLE ACROSS 3 Too much paste? (5) 8 Acceptable during the interval, ideally (5) 10 The middle girl (5) 11 Father of the peopled(3) 12 He's no mascot (5) 13 Tottenham character? (7) 15 Bit of a bloomer by two little chaps (5) 18 It's
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      293 4 THE Singapore the market closed higher with November One RSS buyers quoted at 253.00 cents per kilo yesterday, up 2.75 cents from last Friday's close, dealers said. The afternoon session was steady on higher London opening advices despite China's absence. The morning session closed higher with
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    • Article
      Closing prices
      32 4 Rubber: Oct 23 Singapore: No v e m be r :253.00cenis (up 2.75 cents)Malaysia November: 256.00 cents (up 3.socents) Tin: M 51,970 (unch) Official offering: 246 tonnes (up 41 tonnes)
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    • Article
      RAS PRICES
      359 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 248 75 249.75N 248.50 249.50N Int 1 R.S.S. November 253.25 253.50. 253.00 253.50 Int 1 R.S.S. December 256.25 256.50 256.25 256.75 Int. 2 R.S.S. 244.00 245 OON
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    • Article
      SSR and SMR
      91 4 NOON SSR and SMR prices yesterday: n. SSR 20 SSR SO (1-ton pallet) (1-ton pallet) (Cwrart MUD (eeata per kg) 233.00 235 00N 231.00 233.00N (PtowaH Mtk) Buyers Sellers (eeata per kg) 235.50 237.50N 233.50 235.50N MRELB SMR 5CV SMR 5L SMR 5 SMR 10 SMR 20
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    • Article
      Rice
      106 4 The HONGKONG market was quiet with prices rising by up to 50 hk cents per picul, dealers said yesterday. Turover totalled 321 tonnes comprising Thais 119, Australias 47 and Kwangtung 155. Arrivals were from Kwangtung 600 and Bangkok 726 tonnes. (HONGKONG RICE prices IN HK dlrs per picul exgodown
      106 words
    • Article
      Cocoa
      51 4 LONDON terminal cocoa finished the opening/ special call with gains from Friday of £42 to £30.50 having traded at £40 limit up in early dealings basis near Dec at 2,006.5 stg per tonne. Dealers attributed the rise to follow through buying from Friday's advance both here and in New
      51 words
    • Article
      Coffee
      39 4 ROBUSTA terminal ended the morning £5 higher to £18 lower in a turnover of 697 lots in London yesterday. Dealers said values fluctuated in a fairly narrow range with business mainly involving commission house and local speculative activity.
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    • Article
      Sugar
      45 4 LONDON raw sugar futures started £1.95 to £1.50 per tonne up on Friday afternoon closing levels yesterday. Turnover totalled 800 lots. The London daily raws price was up one sterling at £109 and the whites price was up one sterling at £114.50 per tonne.
      45 words
    • Article
      Straits tin
      87 4 THE Straits tin price in Penang remained unchanged at M 51,970 yesterday. The market held steady over the week-end with strong Japanese, US and local buying and London's steadier Friday closing also aided firmness. Total turnover rose to 246 tonnes from 205 tonnes last Saturday with no rationing
      87 words
    • Article
      Copper
      26 4 COPPER wire bars finished the morning unchanged from previous ring levels in London yesterday. The market was subdued throughout the session with values holding steady
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    • Article
      Produce exchange
      296 4 PRODUCE trading continued to be hampered by the falling US dollar which hit a new low yesterday. As it was, dealers in Singapore were hard put to meeting competition from Indonesia whose currency is pegged to the dollar. Any further drop in the dollar against the Singapore dollar
      296 words
    • Article
      Gold
      257 4 THE kilobar in Singapore opened at S$15,734 yesterday and closed higher at $15,775. The high and low were SS15.788 and S$15,775 respectively. The market was quiet. The London spot gold market opened at US$228.20/.50 and closed higher at US$228.90/20 .The high was US$229.20/50 while the low recorded at the
      257 words
    • Article
      Hongkong Comex
      116 4 SUGAR futures closed higher in dull and featureless trading, with turnover yesterday touching the previous record low of four lots, against eight on Friday, dealers said. Sugar futures closing prices: CMbr PlllilM Cln>H Jan 8909 00 8.75/85 Mch 919 22 899 9.03 May 9.35/40 914 17 Jly 9.51
      116 words
    • Article
      Spot prices
      188 4 YARN and cotton in Hongkong dollars. spot exgodown: yam eMai: Blue pheonix 20 s 1.980, 32 s 2,710. 40's 2.900 (per bale of 400 lbs) piece pit rMaa: buttterfly and globe brand unq; dragon head unq five lambs unq. flower and bufferfly unq flying geese unq (per piece
      188 words
    • Article
      Lock icon Traders still in nervous mood
      1520 4 AFP LONDON: Fresh records were established for gold, platinum and tin on the commodity markets last week after another week of very nervous trading induced by the uncertainty on the foreign exchanges, after the revaluation of the deutschemark within the European 'snake'. Later heavy profit-taking
      AFP  -  1,520 words
    • Article
      NYSE seeks link with commodities
      357 4 THE New York Stock Exchange is seeking to negotiate an important diversification of its activities through a merger with the Commodity Exchange (Comex), the largest of New York's six commodities markets. According to top executives of both exchanges, merger talks are still at a very
      357 words
    • Article
      Australian rice yields may drop
      174 4 SYDNEY: Rice sowings in the southern New South Wales (NSW) rice belt are running about two wpeks behind schedule because of recent wet weather and yields could be affected, Australian Ricegrowers' Association general secretary Bruce Caldwell said. Speaking from the rice belt 'capital' of Leeton.
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        455 4 THE US dollar dropped to new lows on the foreign exchange market yesterday. Opening at 181.90/00 against the Japanese yen, it was actively traded in the morning to 181.10/20 by Tokyo close. London, which opened soon after, started at this level and early hours of trading there saw
        455 words
      • Article
        Asian $ rates
        184 4 Asian rates Closing Allan dollar certificates of deposit for prime names: ASIAN currency deposit Interbank rates as at close on Oct 23: U8 MUn(8Mt) Off.r Bm 'days 9 9 U 1 month t 1 tW 2 months 9 IS/16 913/10 3 months I0*» 10' > 6 months 11 10* 9
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks "are currently prepared to lend to their best customers is 7.25 per cent.
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      • Article
        London
        216 4 THE the dollar opened sharply lower on continued selling pressure, falling as low as 1.7960 marks yesterday before recovering partially on profit- taking and possible central bank inter vention, dealers said. Against the mark it opened at 1.7990/8000 after Friday's 1.8055/70 close, slipped lower still, then rallied to around
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      • Article
        Hongkong
        192 4 THE US dollar fell against most currencies in very nervous, late trading yesterday, ahead of President Carter's announcement of anti-inflation measures due today. They said sentiment for the dollar was adversely affected by reports that Iraq will propose an increase of at least 25 per cent in oil prices
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      • Article
        Tokyo
        115 4 THE US dollar for overnight delivery yesterday closed at a post-war record low of 181.00 yen, compared with a 182.00 opening and 183.70 at Friday's close, dealers said. The Bank of Japan bought an estimated US$lOO million to support the US unit, lowering its intervention points from 181.60 to
        115 words
      • Article
        Euro $ rates
        78 4 Euro rates LONDON Eurodollar aliening rates on Monday: Overnight 9-l IC. M 5 M Tues Wed and Wed Thurs 9-1 M. 815 M Call two days M S Jf Seven days fix and notice M/ 4. M/ a One mth M 2, Ml Two mth* M S. M 4 Three
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      • Article
        Discount
        50 4 Range of price* offered by discount houaea oa Oct 23: Overnight—2- 3'.* Call deposits—3 3 ClMIAf B-tm. SeUiM 3 month Treasury bUU 3 J )>, 3 month > Bank bills 8 13/16 6 1/16 3 month CD 7'. 7 6 month CD 7 5/16 7 3/16 Source: National Discount
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      175 4 ONE GOOD PUBLICATION THAT'S worth a thousand watts Ii you're into hi-fi, you'll certainly enjoy reading The Craft of Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi enthusiasts to improve their listening pleasures. Wouldn't it be worth your while to make a mere
      175 words
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  • OVERSEAS
    • Article, Illustration
      Chemical industries fuel OECD growth
      199 5 THE structural changes within OECD countries have been highlighted hy the dramatic sirge of chemical production industries. Consumer-goods industries, hy comparison, have had to cope with sharp drops in turnover, while the metal producing and metal-processing industries have heen able to hold their own. The
      199 words
    • Article
      Fed works harder to curb inflation
      577 5 Alan Lerner, senior vicepresident (money market economics) of Bankers Trust Co reports on US money market conditions last u/eek: THE US Federal Reserve appears to be mounting a more concerted and intensive campaign to curb excessive monetary growth and inflation. Since his appointment earlier
      577 words
    • WORLD IN BRIEF
      • Article
        INTEREST NO MORE
        518 5 INTEREST rates in Pakistan will soon be prohibited, military ruler President Zia Ul-Haq said on Sunday. Gen. Zia gave no details, but added that he will soon announce a date when the interest free policy will go into effect. He will request the Supreme Court to decide
        518 words
    • Article
      Lock icon Solid recruits for Carter's inflation war
      857 5 Agencies THE US banking industry will give intelligent cooperation to President Carter's new anti-inflation plan, Mr. A. A. Milligan, outgoing president of the American Bankers Association, said in Honolulu. Mr. Milligan said he thinks the industry will perform very creditably in helping the US
      Agencies  -  857 words
    • Article
      Lock icon Development plan for Middle East
      268 5 UPI. LEADING members of the US Senate foreign relations committee are promoting a "New Marshall Plan" for the economic development of Israel and its Arab neighbours, perhaps starting with projects in the Sinai. Committee sources said Israel and Egypt are the focus of the plan
      UPI.  -  268 words
    • Article
      Lock icon Rice glut may stifle exports
      245 5 AP. AMERICAN exports of wheat and feed grains to Japan could suffer a setback because of its surplus of rice. Disclosing this ,Mr. William Coyle of the Agriclture Departments economics, statistics and cooperatives service said that, faced with a domestic glut of rice, it is
      AP.  -  245 words
    • Article
      Lock icon Strike threat
      184 5 Reuter. THE possibility that a second major British car company might be shut by union action arose on Sunday when 5,000 Vauxhall workers voted to strike on Nov 1 unless the company increased its pay offer beyond 5 per cent. Vauxhall had offered its 26,000 workers about 4.5
      Reuter.  -  184 words
    • Article
      No controls meant
      83 5 A NEW US law that would set up procedures for foreign owners and purchasers to report to the Secretary of Agriculture on farmland they acquire is not meant to control who can buy land, says the chairman of the House agriculture committee. Representative Thomas Foley, a Washington
      83 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      694 5 ARRIVALS Service Local Operator Number Tine From MAS MHG06 1045 KUL SIA SQ103 1045 KUL SLA SQ209 1045 HLP GIA GA944 1055 PKU GIA GA906 1100 MES PAL PR501 1125 MNL RBA BI325 1155 BWN GIA GA982 1200 HLP SIA SQ240 1210 MES SIA SQ63 1215 MNL
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      167 5 Dynamic Alternatives There is a unique Canon NP plain paper copier to fit any office. Each model has been designed with its own specific features, to meet the wide |11 variety of demands in the office copier market today. No matter which Canon copier best suits your office, you can
      167 words
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  • Article
    Batam has the power to link us together
    334 6 CRITICS of the progress achieved by Asean in regional integration now have something else to ponder about. The discussions being held at governmental level between Singapore and Indonesia are a significant advancement in Asean relations. Up until now, inter-Asean cooperation has been
    334 words
  • Article
    New spinoffs
    214 6 VERY LITTLE that happens in this region goes by without affecting, in one way or another, the economic well-being of the Republic. Thus, the latest move by the Malaysian government to liberalise banking regulations will also have its due effect on Singapore. While it may be a bit
    214 words
  • Article, Illustration
    Hongkong is 'overheating' its economy
    1640 6  -  Hongkong is short off labour and there is increasing competition for this scarce resource between its export oriented manufacturing sector and its domestic services sector. But it looks as if the export sector will be the loser Sun Hung Kai takes a closely analytical look
    1,640 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      252 6 v. t -y ■gag 1^ 'Future Generation' i "fc fr«*i nlifc BtMKT* tUocKiromer A perfect complement to any meal Just don't miss them at the lon Bar while they are t Also on stage to a non-stop musical delight •Sonny Bale* The New Moon0oe>» CQuale—lion Louis Tfcp 3-0 Fandah Joeephine
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in the late morning. Report tor 24 hoars prior to 7JI p.m. on Oct 23 at the airport: Maximum temperature 31.5 C Associated humidity 68 Minimum temperature 23.3 C Associated humidity 100 Hours of sunshine 6.15 Rainfall in millimetres
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      229 6 SINGAPORE 5 PM Opening announcements followed by Impact Water For A People Diary Of Events (English)* Afternoon Matinee -Lifeboat (pt. 2) Science Report Intermission Opening followed by Fables Of The Green Forest* News in Brief Wonders Of The Wild* The Phil Silvers Show Bilko Perfect Day (Repeat) News in Malay
      229 words
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  • Article, Illustration
    WHY RAZALEIGH IS GENEROUS
    1589 7  -  Since half of the Malaysian governments'* total revenue comes from expert duties, the growth in export earnings will bring in an additional M 5329 million into the Treasury, or about a third of the increase of $880 in revenues from all sources. And since export performance
    1,589 words
  • Article
    STRAWS IN THE WIND
    295 7 i A LOCAL stockbroker rose gallantly to the aid of a t charity institution recently, by sponsoring a charity film premiere in its support. The i choice of the film, however, was less than salubrious and may betray the brokers' 1 feelings about the state of
    295 words
  • Article
    SIME AGAIN...
    806 7 Letters to the Editor IT 18 ladeed hetrMag aad gratifying to read la fee Baaiaeas Times law af Oct. 21 that there are still a few prof eastoaals left with saffleieat gate aad Integrity la ear business world who are prepared to speak •at wlthaat fear ar favear.
    806 words
  • Article
    Safety first must be a watchword
    977 7  -  FORUM i ..on safety By HOCK LOCK SIEW SINGAPOREANS have responded magnanimously to the tragic disaster at Jurong Shipyard. The Spyro6 tragedy broke many hearts, killed too many unfortunate workers and awakened industry to the ever-present need for safety. While the generosity of Singaporeans
    977 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      343 7 >{$).)@(*_:"+;&('";*!->:'`'],+: H w a A New Japanese Restaurant KIKU^I omc to Kanq Mahal on Sunday. (>< fobcr 29 and savour a lavish Indian Buffet Pamper \.oiir ast buds utfh our tablf Indian su»'«'ls And feast vour *'\»*s on th»* most oeatttiful sar* rs modelled b\. lowk models serving authentic Japanese
      343 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      79 7 miss PuiLfbT-wesTeßDfvy Noo U)€JSJT Souo FORTHC I FtCST TvPn€. UNKNOIONTO Nou wesse osseins STOVIeG>CPiLI>/ PLRCGD PiT GCERICQg,. V\ y tosr fcfcGßeT muST FfVL NOU ON ViPHP St&MßtS.VouKUgfcft FbuJT TUGMS PU*> FOR VAPMM& P»rt IMSfiCIIRe V LoftD BrlStoW: FianX Dicfceus toeu..cMss Pnti_PbT \s fe»G> vy" comes rc gorcoj Buje. OUR cner,
      79 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Turnover still heavy
      613 8 TOKYO HIGH-PRICED pharmaceutical and llght-eltctrlcal Issues declined on light volume yesterday because of selling by shortterm traders. However, medium and low-priced chemical, autoparts, spinning and steel Issues continued to rise owing to buying by Individual and corporate Investors. Turnover continued heavy with an estimated 380 million shares
      613 words
    • Article
      Lock icon Hongkong
      380 8 Source: SHK Sec THE market finally broke out of Its trading range yesterday to post a 17-point gain on sharply Increased turnover. The aggressive buying of second and third liners continued from Friday and then spilled over to blue chins. Outstanding were G.I. Cement. up HKS2 at $39.75. China
      Source: SHK Sec  -  380 words
    • Article
      Sydney
      272 8 THE market continued lower yesterday on lack of overseas orders, dealers said. BHP lost 18 cents to A 58.16, CSR four to $3.16. Tooheys five to $1.40 and ACI one to $1.89 among industrials, while coal stocks were weaker, with Utah losing five to $4.00. Thless four to $3.21
      272 words
    • Article
      Manila
      161 8 THE market closed lower across the board yesterday with turnover falling to 10.08 million pesos from Friday's 15.85 million, dealers said. Only CDCP and Vulcan rose while Atlas Con B. Bagulo Gold, Lepanto B. Phliex B. Basic Petroleum. Phil Overseas, Seafront. and PLDT all lost ground. Unchanged Issues Included
      161 words
    • Article
      Selected Indices
      25 8 H.K.HANG SENG Monday 682.01 Week Ago 843.78 SYDNEY INDUSTRIALS Monday 480.30 Imday 483.39 Week Ago 471.24 ALL ORDINARIES Friday 545.71 Week Ago 558.42
      25 words
    • Article
      Bangkok
      8 8 BANGKOK was elsse yesterday fsr Chulalsagkorn Day.
      8 words
    • Article
      Lock icon MINING FEVER HITS AUSTRALIA
      926 8 FT THE OBSERVER'S gallery of the Sydney Slock Exchange is unusually crowded these days with the sort of clientele who normally frequent the betting shops and off-course totes. The last time they decided share punting offered bigger winnings than the horses was during the heady days
      FT  -  926 words
    • Article
      Lock icon YANMAR RAISES PRICES
      113 8 Reuter YANMAR Diesel Engine Co., Japan's major agricultural machinery producer, said it will raise by an-aver-age 8 per cent prices of tractors for shipment to the United States, effective Nov. 1. Yanmar said the price increase was decided in an agreement with Deer and Company, a US
      Reuter  -  113 words
    • Article
      Oji Paper
      40 8 THE TWO major Japanese paper manufacturing companies, Oji Paper Co. and Nippon Pulp Industry Co. signed a formal merger agreement to become Japan's top paper maker in terms of both sales and .profit, replacing Jujo Paper Mfg. Co.
      40 words
    • Article
      Lock icon Steering INI out of tradition
      1328 8 FT UNTIL spring this year Jo6e Miguel de la Rica was ,a successful businessman whose sole experience was in the private sector. Outside the northern industrial region of Bilbao where he had made his reputation, mainly in the domestic appliace field he was a little-known
      FT  -  1,328 words
    • Article
      Lock icon Socal keeps Wall Street in suspense
      975 8 FT WALL STREET has seldom been kept on such tenterhooks as it has by Standard Oil of California (Socal). It is now more than six weeks since the country's fourth largest oil company made a dramatic US $1.9 billion takeover offer for A max,
      FT  -  975 words
    • Article
      SAME denies deal with John Deere
      161 8 SAME. Italy's second largest manufacturer of agricultural machinery after Fiat Trattori, Flat's tractor subsidiary, has denied reports of a possible deal with the John Deere Group of the US. Despite continuing difficult market conditions, with an estimated drop of about 10 per cent in
      161 words
    • Article
      Lock icon American Motors springs a surprise
      489 8 NYT THE AMERICAN Motors Corp. (AMC) surprised the automotive and financial community by naming an outsider as president, a move that appeared to be the final phase of a management reorganisation programme that has spanned nearly two years. Mr. Paul Tippett Jr., 45, who resigned
      NYT  -  489 words
    • Article
      Lock icon EOE introduces five more US July options
      105 8 Reuter THE European Options Exchange (EOE) will introduce five extra July 1979 series for US stocks to those announced earlier last week, an exchange spokesman said. The series, with strike prices in dollars, are Eastman Kodak Co. 50, Exxon Corp 45, International Business
      Reuter  -  105 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      106 8 vV 4 N > »v >/ ■J •Iv* ff i k J. r ,'TJ "V--v 3 A I v Kannath Lo, lb* mM-lwoww C V CMnm cooking, and qlvii mi InalfM Mil unique way of acting. BaQlnnlnj wMh Mmpli dWi main oownii Ha pcagfaaaaa Mvoiqh pi •aupa ta daaaarta, gMng
      106 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Sears' strategy may hinder deliveries
      535 9 N.AMERICAN SEARS, Roebuck and Co.'s hew sales and inventory strategy is causing financial problems for its suppliers and may cause slower deliveries for Sears customers, according to public records and merchandising sources. The largest retailer in the US announced last spring that it would be
      535 words
    • Article
      Lock icon Equity market lifts Merrill Lynch
      479 9 Reuter MERRILL LYNCH has reported that the surge in volume and prices in the equity market that began in myi-April were a major factor behind its sharply improved results. The company also reported a third quarter net income of 90US cents a share, up from
      Reuter  -  479 words
    • Article
      Lock icon Hyundai incurs US$12m loss on toll road
      138 9 AFP THE South Korean Hyundai Construction Company has 'suffered a US$l2 million loss in the construction of the first intercity toll road in Indonesia. The loss was caused by sharply increased prices of materials and services following the energy crisis of 1974. The
      AFP  -  138 words
    • Article
      Lock icon Atlas Consolidated dividend
      43 9 Reuter ATLAS Consolidated Mining and Development Corp declared a cash dividend of 35 Philippine centavos a share, or approximately 4-2 3 US cents, payable Dec. 15, record Nov. 15. The last dividend, for 25 centavos, was paid in August Reuter
      Reuter  -  43 words
    • Article
      Amoco names marketing chief
      156 9 ALFRED KIRCHNER has been named vice-president of marketing for Amoco Chemicals Corporation, the worldwide chemical*tnanufacturing and marketing subsidiary of Standard Oil Company (Indiana). The assignment became effective on Oct. 2, according to Mr Richard Leet, president of Amoco Chemicals. Mr Kirchner, Amoco Chemicals' vice-president for international
      156 words
    • Article
      Lock icon Honeywell higher
      101 9 Reuter HONEYWELL said its third quarter operating earnings per share came to US$2.O5 ($1.60) on net profit of $43.87 million ($33.68 million). Revenue cane to $867.1 million ($711.6 million. The nine-month operating earnings per share were $5.59 ($4.17). Operating net profit was higher at $119.41 million ($87.76 million).
      Reuter  -  101 words
    • Article
      Lock icon UNION CARBIDE SETBACK
      87 9 Reuter UNION Carbide Corporation, a leading manufacturer of chemicals, reported a decline in its third quarter and nine-month profit, due primarily to foreign currency exchange losses. The company said its third quarter profit fell to $80.7 million, or $1.25 a shdre, from $93 4 million, or $1.44
      Reuter  -  87 words
    • Article
      Lock icon Higher costs hit Hamersley
      222 9 ASIAN A Reuter. HAMERSLEY Holdings has announced an unaudited consolidated net earnings of A 512.88 million ($46.37 million) for the first three quarters of 1978 on net revenue 0f5258.40 million ($300.59 million). Earnings are after tax of $16.21 million ($41.44 million), depreciation 0f538.56 million ($36.51 millionn),
      Reuter.  -  222 words
    • Article
      Lock icon Jardines up 7pc
      477 9 Reuter JARDINE, Matheson and Co. Ltd.'s interests in Hongkong contributed just under 50 per cent of group net profit in the first half of this year, compared with 57 per cent in the whole of 1977. The company chairman Mr. David Newbigging said the downturn in profitability
      Reuter  -  477 words
    • Article
      Labour revives bid to bring BP under reins
      1129 9  -  CALL FOR CURBS EUROPEAN b A BY GERALD COLVERD THE HOARY tale of Labour's left wing ambitions to draw British Petroleum (BP) under tighter control of the UK is being steadily revived by the astute prodding of selected commentators. The subject had
      1,129 words
    • Article
      Lock icon Sola accepts Pilkington proposal
      96 9 Reuter PILKINGTON Brothers Ltd. of the UK plans to make a U5541.75 million takeover bid for Adelaide-based optical lenses and equipment maker, Sola Holdings Ltd. Sola said the proposal is subject to both Australian and UK government approvals. Pilkington plans to offer $2.65 each for Sola's
      Reuter  -  96 words
    • Article
      Lock icon OLYMPUS OPTICAL FLOATER
      143 9 Reuter OLYMPUS Optical Co. Ltd. said it will float an 80 million mark convertible bond on the German capital market through an underwriting syndicate led by Deutsche Bank and Nomura Europe NV with payment to be made by Nov. 17.' The bond, with a Nov. 1, 1985
      Reuter  -  143 words
    • Article
      Lock icon Phillips plans sulphur plant in Belgium
      307 9 Reuter PHILLIPS Petroleum Chemicals SA said it plans to build a one billion franc sulphur chemical manufacturing plant in Tessenderlo, Belgium. The company, a whollyowned subsidiary of Phillips Petroleum Company, said the plant will have an annual capacity of 10,000 tonnes. Construction will start
      Reuter  -  307 words
    • Article
      Lock icon Banco Nacional borrows US$40m
      233 9 BONDS LOANS] Reuter BANCO Nacional De Desarrollo Buenos Aires Argentina, is to receive a US$4O million eight-year loan from an international banking syndicate of 16 banks. Tokai Bank as co-lead manager, said the loan agreement is being signed in London. The syndicate loan, guaranteed by the
      Reuter  -  233 words
    • Article
      Lock icon East Asiatic sees booming business with China
      220 9 Reuter THE DANISH shipping, trading and industrial group AS det Oestasiatiske Kompagni (East Asiatic) regards its historic markets of the Far East and in particular, China,* as most promising for future growth. The managing director and board chairman Mr. Mogens Pagh, however, said
      Reuter  -  220 words
    • Article
      Lock icon Leyland, Regie rule out merger plan
      175 9 Reuter REGIE National des Usines Renault and BL Ltd, formerly British Leyland Ltd, will not merge with each other or with other motor manufacturers, the two companies said. "Renault is philosophically against companies of its size being involved in mergers. BL for its part
      Reuter  -  175 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      339 9 CHINESE t> *v> i: A" > y s m i 1 1 'A M' H "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
      339 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1314 10 BED KM off*r prtew officially baud and twin— in and reported to the Stock Saehanf* of Singapore pesterHjr vIOHIM number of Mm traded tftovn hi bracket* in lot* or 1.909 unit* unlea* other*tar specified An Time Settlement Contract* we quoted after the word "aett." Bif Board deal (In
      1,314 words
    • Article
      Government bonds
      79 10 4 J/4% IWH (250.000) (M.908 100 058) (7) OS 00 «TF 1/VB3 (250.000)(100.15B 100.308) 5 V 4% T F IWBI-84 250.000) (102 008) 7 1/4% 18/18/86 (250.000) (100.75B) 7 l/4%Sis/4/86 (290.000) (100.79B) S 1/2% T P 15/1/87 290.000) (100.568) 7 1/4% 1/VB7 (250,000) (100.70B) < 1/4% T F
      79 words
    • Article
      Stock options
      88 10 BTRIKINO prices of the Mock option* officially listed on the Stock Exchange of Singapore, the period*, bid and offer price* and business done yesterday with the number of options traded shown In bracket* C aad C (Dec 14.50) (1.408 1.555). Heme P E (Dec (1.55) (0 398 0,495).
      88 words
  • Article
    Unit trusts
    140 10 SINGAPORE UNIT 1*1 (Miaigiri' prim hr Od The Commerce 134 The Saving Fund 1*7 S pare Prog Fund 107 S'pore Sec. Fund l.M S pare Invest Fund 1.31 m >*> 2.4B ISC 113zd 2-08 1.44 INCOME BON1 (Carnal pr Income Bond MARA BUMW1 (Managers' prices DUNIT IBM) 107
    140 words
  • Article
    SHARE INFORMATION SERVICE
    2443 10 tvra High Company Qr'» Qr'a Nat Last DW D4y YH P/E VjI Sale +or- Cw Higk Uw SECTION ONE INDUSTRIALS 272 238 178 219 275 111 276 326 245 660 132 Acma 123* Alcom 112 Allied Choc 133 BAT 195* Bata 60* Ben 162 Berjaya Kawat 173*
    2,443 words
  • Article
    In Kuala Lumpur
    1714 10 BID and offer price* officially listed and business In and reported to the Kuala Lumpur Stock Exchange yeeterday with the number of shares traded shown in brackets In lots of 1,000 units unlees otherwise specified. INDUSTRIALS AIDmmU (5.768 2.828) AIMM (IMB 2.008) (S) 1 93 (1) I.M.
    1,714 words
  • Article
    Fiji's sugar industry ahead of schedule
    172 10 FIJI'S sugar industry said it expects to reach its target of producing 400,000 tonnes of sugar annually next year, a year ahead of schedule. It said it could achieve this target if there is no bad weather or any other unpredictable factor which could
    172 words
  • Article, Illustration
    Banking and finance firm to steady
    686 10 BANKING ui flniee issaes heU fr»m itMily to firm sa light aad selective support la u iUmwlw. qiiet ui hMttiat Stock Enrkuge sf Sligsptrt ywteftoy. Seetlmeet was aided partly by the dassllag aaaaal statemeat Iran Malayaa Baaklag. With art snap profit ap Hi per
    686 words
  • Article
    Budget lifts KL prices slightly
    564 10 THE Kuala Lumpur stock market yesterday reacted favourably to the budget report last Friday with share prices recording marginal gains on all fronts. While investment stocks were generally steadier, price movements after a fairly steady opening were narrow. Investment incentives granted in the budget, however,
    564 words
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  • COMPANY NEWS
    • Article, Illustration
      Keen competition tears a hole in SPPL earnings
      671 11  -  By MANO SABNANI THE painful reorganisation and diversification exercise being carried out at Singapore Paper Products Ltd has taken its toll on the profitability of the group. For the first-half of the Current year ending June 30, 1978, the parent company's pre-tax
      671 words
    • Article
      DIVIDENDS ANNOUNCED
      483 11 Current Ex Books Date Total for Total for Payment Date Close Payable tke year Previous year KLK Deb ■ivr Int. Oct 6 Oct 18 Oct 25 Temerloh 12% Oct 6 Oct 18 Oct 25 12% 11*% Alcorn 6% I Sept 27 Oct 7 Oct 27 6% 15% S.
      483 words
    • Article
      SCRIP ISSUE
      223 11 Company Particulars Ex Date Books Cloae MBS Bonus Issue of 1 for 5 Oct 10 Oct 26 Harimau Rights issue of 1 loan stock for 2 ord.sh&res Oct 17 Oct 24 Rothmans Bonus Issue of 1 for 4 Oct 16 Oct 26 Carl* berg Bonus Issue of 1
      223 words
    • Article, Illustration
      Multi-Purpose signs M$47m loan agreement
      418 11 MULTI-PURPOSE Holdings Berhad (MPHB) has signed a loan agreement for MJ47 million with a consortium of banks of which $22 million had been arranged earlier. The loan is to finance MPHB's offer to buy the outstanding ordinary shares of lOp each in Plantation Holdings Limited
      418 words
    • Article
      Merlin consensus
      73 11 AT A meeting heM ea Oct 21, the sbsieb»Htrs of Hotel Merlin fltogaporn Ltd Biuuiimoasly voted In fa \a u r of brooming wholly-owned nkaMvy of United OvtraMi Lui Lid. A total of 12* ikan—Ml holding imja ordinary shares to HMB voted for toe met!— Application will be
      73 words
    • Article
      JCE (M)
      22 11 STOCK of Jack Chia Enterprises (M) will be reclassified from tin to industrial section with effect from 9.30 a.m. today.
      22 words
    • Article
      Gopeng Cons likely to achieve higher earnings
      434 11  -  By CHAN BONG SOO WITH the physical tin price holding very steady at or near its all-time high, UKbased tin and rubber company, Gopeng Consolidated looks set to reap higher profits for the year ended Sept 30,1978. According to London brokers Laurence, Prust
      434 words
    • Article
      COMPANY MEETINGS
      153 11 SINGAPORE Flaaace Ltd: AGM to be held at 45-47 Robinson Road, Singapore at 12 noon on Oct 25. Mega Chemicals BM: ■AGM to be held at Wisma Mega, 2nd Mile, Jalan Batu Tiga Lama, Klang, at 11a.m. on Oct 26. Kkoag Gaaa Floar Milling Ltd: AGM to be
      153 words
    • Article, Illustration
      KHONG GUAN WARY OF ADVERSITIES
      349 11  -  SUBSIDIARY RECOVERS By PHILEMON SOON DESPITE encouraging performance in the first four months of the current year ending April 30, 1979, Khong Guan Flour Milling is obviously not taking lightly the difficult market conditions. Chairman Chang Ming Thien, in his latest annual report, says directors
      349 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      202 11 V 0 A AC IL\ "l M U The NEW CXfOCD ILLUSTRATED DICTIONARY S i.B /YM if M i- in Two Volumes Here it is Oxford celebrates its Quincentenary Year (1478 1978) with the publication of THE NEW OXFORD ILLUSTRATED DICTIONARY. The Netf Oxford Illustrated Dictionary is both an up-to-date
      202 words
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  • Article
    Lock icon Dollar at post-war low in Tokyo forex
    468 12 Reuter THE US dollar plunged to a postwar low rate of 181.00 yen on the Tokyo foreign exchange market yesterday despite substantial central bank intervention, dealers said. The dollar closed trading for the day at 181.00 yen after the battered currency fell in
    Reuter  -  468 words
  • Article
    NARODNY AWARDED $28m AGAINST DIRECTOR
    256 12 MOSCOW Narodny Bank has been given final judgrnght for $28 million plus irjterest in its civil claim in the High Court against a ooabpany director and his Recording to the bank's wrtt, Mr. Chew Suan and MSfram Tan Soon Ee guaranteed credit facilities gnaen by
    256 words
  • Article
    LONDON STOCKS
    685 12 LONDON. Mon. Share prices closed a few pence lower today as dealers awaited developments of industry pay disputes, dealers said. Government stocks closed around 1 8 point lower. Mining shares retreated with the gold bullion price while both Canadians and Australians also eased. Closing middle prices of selected
    685 words
  • Article
    Pharmaceutical firms set up joint venture
    812 12  -  By RONNIE LIM TWO European pharmaceutical companies are pooling their resources for the first time in a joint venture pharmaceutical finished raw material facility in Singapore. Chemische Fabrik Schweizerhall (CSF Swiss), a Swiss public company founded in 1860, and Alcapharm BV (Holland), a Dutch
    812 words
  • Article
    KL exports expected to increase 13pc
    179 12 MALAYSIA'S annual export earnings are expected to grow by 13.4 per cent to M 517,193 million by 1980 at the end of the Third Malaysia Plan. Deputy Prime Minister Dr. Mahathir Mohamed said Malaysia achieved an export value of $13,442.9 million in 1976 when
    179 words
  • Article
    Lock icon Taiwan may stretch yarn exports worldwide
    320 12 AFP. SHPMENTS of Taiwan's synthetic stretch yarn to overseas markets this year are expected to hit US$l7O million (Ss3sl million), the Synthetic Stretch Yam Industry Association said. During the first three quarters of this year, exports composed of 57.9 million kg earned $130 million
    AFP.  -  320 words
  • Article
    Eraser's positive approach
    494 12 AUSTRALIAN Prime Minister Malcolm Fraser said in Sydney yesterday that Australia's trade ties with Asean nations were healthy and growing despite occasional difficulties and misunderstandings. Mr Fraser said the growth reflected the "natural trading relationship" that existed beween Australia and Asean countries. He made the comments in
    494 words
  • Article, Illustration
    Lock icon Further yen loan for Australia
    342 12 UPI. THE AUSTRALIAN government has signed a eontract in Tokyo for a 40 billion yen (about SJ47O million), 20-year loan from a Japanese banking syndicate of 16 firms, Mitsubishi Trust and Banking Corp said as lead manager. Mitsubishi refused to disclose further details, but banking
    UPI.  -  342 words
  • Article
    Lock icon Easier UK capital controls forecast
    299 12 Reuter BRITAIN may relax controls on exports of capital within the next few months, effectively making currency to be invested abroad less expensive. Stockbroker Hoare Govet t Ltd said this in a published comment, adding that the most likely course of official action is one
    Reuter  -  299 words
  • Article
    Elevating the role of small industries in Asean
    234 12 LEADERS and international specialists from Asean countries will meet from Nov 20 to 23 to discuss, for the first time, how the crucial contribution of small industries to their national economies can be increased, improved and elevated in status. Malaysian Deputy Prime
    234 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      63 12 1 Grand Business Opportunity Clearaace Sale FORMICA Brand Made in U:S.A. vinyl wall fabric, in double rolls 60 cmxl I metres. Total 1,360 rolls in 50 different colours/designs. Plus 150 bags adhesive FREE. The Lot: $$16,000 only Give-away price. Profitable investment. Goods in ex-factory condition. For inspection, further details, contact:
      63 words
    • Advertisement
      Page 12 Advertisements Column 2
      193 12 NOW lease an apartment at Aidmore Pirn and enjo amenities L r Chip Putt golf course Floodlit Tennis courts and practice court Squash courts Swimming pool Sauna baths Clubhouse with billiards/recreation room r Ardmore Park' in a splendid setting of greenery and tranquillity close to Orchard Road, is undoubtedly one
      193 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Port on fire
        96 13 UPI A HUGE fire destroyed large sections of the docks in the capital of Trinidad early Sunday morning, causing damage estimated at more than US$3 million (556.4 million). Firemen battled for hours to bring the blaze under control after it had destroyed the ports administration building, storage
        UPI  -  96 words
      • Article
        Lock icon Heavy loss
        114 13 AFP THE state-run Shipping Corporation of India (SCI) has reported a heavy loss during the financial year ended last March. SCT's vice-chairman and managing director, Rear Admiral Kishan Dev, said in Bombay that the poor performance was mainly attributable to the highly depressed freight market and slump in
        AFP  -  114 words
      • Article
        Lock icon Hakodate's headache
        86 13 Reuter HAKODATE Dock Co Ltd has announced that the company is asking its creditor banks and trading houses to reschedule 60 billion yen (Ss7o2 million) of about 100 billion of outstanding debt. The company is expected to announce a 14billion yen loss in the first half year ended
        Reuter  -  86 words
    • Article
      Lock icon Carter faces wave of pressure to veto shipping bill
      486 13 Lloyd's List BRITAIN is leading international efforts to persuade President Carter to use his veto powers to block antirebating moves passed by the US Congress. Representations began in Washington last week with Britain coordinating the opposition from 12 European countries and
      Lloyd's List  -  486 words
    • Article
      Lock icon Halt use of Soviet vessels for US army products call
      321 13 UPI THE HEAD of a US maritime union has asked President Carter to prohibit use of Soviet vessels to transport American military products overseas. Mr.Jesse Calhoon, president of the 10,000-member National Marine Engineers Beneficial Association, said on Sunday that Nato
      UPI  -  321 words
    • Article
      INDEX
      482 13 Shipping Aconas ACS Afea Alpac ANL APL Anhsing Arya Nat ASCL Angkutan Aust.Cont Page m n IV IV i m n n m m IV Col. 2 5 2 5 1 2 5 5 5 4 5 MLS?"* MOL Namyang Nat .Shpg(Pak) Navitrde NedUoyd NOL Norasia NYK P*8® IV
      482 words
    • Article
      Lock icon Manila to buy ships worth $834 m
      113 13 Lloyd's List PLANS to buy US$39O million (SsB34 million) worth of ocean-going vessels for Philippine shipping companies have been announced by President Marcos. Addressing the inaugural session of the Philippines' Chamber of Maritime Industries, Mr. Marcos said he had ordered two separate purchasing
      Lloyd's List  -  113 words
    • Article
      Tentative agreement
      66 13 A TENTATIVE agreement has been reached between Canadian ship owners and one of two unions in a dispute that has tied up 122 ships on the Great Lakes A spokesman for the union concerned, the Merchant Service Guild, said his 400 members will be asked to return to
      66 words
    • Article, Illustration
      Tapping Singapore's skills and services for offshore oil industry
      424 13  -  By RAHIM KASSIM SINGAPORE'S cost competitiveness plus its skill and location put it in a good position to benefit most from the regeneration of the offshore oil industry in South-east Asia. It has developed into one of the major supplier countriesfor
      424 words
    • Article
      SHIPPING LIST where your ships are due...and when
      4610 17 gCHEDBIE 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 of
      4,610 words
    • Article
      The Consortia
      110 17 The major shipping consortia 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 Lines JUMBOLINE(STRAITS/
      110 words
    • Article
      Container Schedules
      1000 18 IMPORT FCL CONTAINERS EX CONTAINER VESSELS AT CONTAINER TERMINAL DATEt23.10.78 Vessers Voy Date/Time Of Date/Time Mode Of Name No. Completion Of Store Rent Operations Discharge Due i Varda 26E 14.10.78 0355 17.10.78 0700 vc HK Express 32/478 14.10.78 0027 17.10.78 0700 VC Nedlloyd Dejlma 853 14.10.78 @2200 17.10.78
      1,000 words
    • Article
      Who acts for whom
      876 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 (CN AN) —Unipacific. Alpac Line—lntrasea.
      876 words
    • Article
      Lock icon British Shipbuilders losses may hit the £100-m mark
      538 18  -  By IAN HARGREAVES FT. BRITISH Shipbuilders is expected to announce next month that it sustained losses of almost £100 million (SU32 million) in its first nine months of trading, roughly double the estimated, unofficial figure produced in June. The 15-month-old corporation is
      FT.  -  538 words
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      SHIPS IN PORT
      329 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bendearg (1800 after Taian) 47 Bunga Mas (0600 after Virginia) 19 Car Liner No. 1 (0800 after Golden Lion) 45 Confidence (after King Pearl) 23/24 Fedor Petrov (2300 after Pacific Trader) 15/16 Kimko Stork (1800 after Zak) 13/14 King Sun (after Tutong)
      329 words
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      Lock icon Ships sail despite strike
      114 18 Reuter. SHIPS are continuing'**) move freely at the Pobt# Marseilles, France despite a strike by shipbuilding wpriters and merchant navy sonnel, Port Author*? sources said. The builders, who have been on strike since Oct <L are protesting at what thfcy say is lack of state aid
      Reuter.  -  114 words
    • Article
      Another line to join Anro
      57 18 P.T. Jakarta Lloyd of Indonesia will Join the Anro consortium between Indonesia and Australia from Jan 1. Initially, Jakarta Lloyd will slot charter in the three currently operating Anro vessels. The Anro consortium, comprising Australia National Lines, Australia Straits Container Line, Nedlloyd Lines and Neptune
      57 words
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      465 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA ANDCANADA Ag#nls Barber Lines Singapore Pi# Ltd T#l ***** Harrisons 4 Crostield Kuala Lumpur Tat —1/» P#rnas- MISC Penang T#l: ***** SEALORD ANTAH \R I) I\ I I All m± Orjent Overseas ContcineA Line UASC UNITED ARAB SHIPPING CO (SAG) C 3 t. STo
      465 words
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      Page 13 Advertisements Column 2
      465 13 WEEKLY SERVICE TO/FROM U.S.A. AND JAPAN FASTER TRANSIT/NEW SHIPS CALL FOR DETAILS *****22 MAERSK LINE for U S P»c*c.GuW* Atlantic and 6a»t Cffda (Alsoaccepi.ng lot Hongkong Taiwan FULLY CONTAINEMZEO FAST WRECT WEEKLY MM 24/11 M 27/ M a/M Ma 5/11 7/U Mil a/U a/11 tatan Closmi Tm« *CY M Oct
      465 words
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      591 14 lit 27/10 24/10 13/11 26/11 24/11 20/11 22/11 Im* 13/11 5/12 30/11 15/12 13/12 9/12 11/12 Mhfa 27/11 27/11 21/12 17/12 21/12 26/12 21/12 23/12 Nmfafari 1/12 9/12 3/1 30/12 13/ 1 11/ 1 7/ 1 9/1 FULLY CONTMOSSED TO GENOA/TRBTE rpm P. fatal 6mm Tittae Ifaptaca 30/10 1/11 22/11
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      302 14 barber blue seal Fnk IB ATLANTIC IB GUI A EAST CANADA Tw<«t m 1-3/11 10-U/ll JUU S [j IMC *PHfSS At<Ah AS A*o IH AM AS PORTS LIAN SOON SHIPPING TRADING CO (PTE) LTD ilOl IMb HOQK CPf BUILDING,'OBINSO* »0«0 S*G«'o«f i Tfl *7001:1 lb I'WS* C»BLf n* no kxxsm
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      395 14 CONN ALSO ACCEPTMG CARGO FOR BAHRAM AND ABU DHABI feKlm /HIPPIHG(r TftAOlflG PTE. LTD. Trie* KMSPtED RS ***** Td *****37 *****11 EVERGREEN LINE (EVERGREEN MARINE CORPORATION FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTANER SERVICE ALSO ACCEPTMG CARGO FOR: GENOA. LATTAKIA. BEIRUT ALEXANDRIA. BENGHAZI. TRIPOLI (ÜBYA) r i T)| i-)
      395 words
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      760 14 Everett Lines/ Pk LINE" mawm 27/ a Oct B F.S.S.C Aeents in Malaysia: TEPS MALAYSIA Port Ketong Td (38) 7355 Penane Tel *****/***** ARU ATIOW A L\INV CnA Traosporttdon Maritima Mtxiam S. A. "MEXICAN NATIONAL LINE" FN EJOT/mCQ I CORRAL MBD Mi an# if U*T 10MMG FOR ENSENADA. MANZMRUO. ACAPULCO
      760 words
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      717 14 IS] SANKYO LINE tttttttttttt TIE Me 21/29 OCT M PORT STD, MEL, MEL TMKESTM 29/31 OCT 31/31 OCT STD. MEL. Ma SEMLOOM 1/ 2 NOV 3/ 4 NOV DARRMN, M RBI MKT CMP 16/17 NOV 13/15 NOV STD. ML. MEL BANGLADESH SERVICE coca* MOT* CONTNNFR OOOMNG 10M) AGENTS r KELANG
      717 words
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      419 15 Overseas HI I Containers Limited ammum ana ro t/cawmiT Sisr at, (Mi< XnCE FMM lit/CONIHNT: smgatok iwm com mo somen, ptc ltd «3kci K. LUMPUR: CONTMO MDKSS 2*432, PJffLANS 3SMM/I PENANG: OnWC HWTEM 9VPME MBUES *****1/3 SCL Australia Strait; Container Line (A IMQ OF IME HMO corsokTUD TEMASCK AUSTRALIA ASIA
      419 words
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      897 15 GRANARD LINE twi I wry u IB ~Vt i »»7 n* rvf->* GRANARD SHIPPING AGENCIES iS i P T E LTD Tel ?2? 5977 i 5 Lines I ★l AMERICAN PRESIDENT LINES STRAITS EXPRESS CONTAINER SERVIC Ua*« ta Nmt fa*. EaM CaaM art M pa* p. aoonar 31 octj 29
      897 words
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      564 15 BEN LINE CONTAINERS Xm bON IM SaM UN UN H/14 TK U MN bM UN hM VU 7/11 MR. Tnl WIMMSM M/M 11/11 I*.* M SM SM M/ 10 a/10 IVU IVU M. Tin n/M a/M si/11 1/11 a/ii n/u a/u w.?m 1/11 VU VU VU a/U a/U ML Tm
      564 words
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      549 15 1 Scan Dutch V li:nm*.a >i WESTBOUND TO MED/UK/ CONTINENT/SCANPtNAVIA fmtm Ma PUn MM ffm 1) I oanu 17/ m mmu vu BOM 11/U MSXt IVU di—i a/11 tmmk l/w Bianu vu nwcnci m/u —I zvu m*b 2) Mm 1) Hbwj 4) a*i u/u 11/u M/u a/u a/u a/u a/u
      549 words
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      517 15 GUTHRIE BOUSTEAD agencies THE BANK LINE LTD. LOADS FOR E. I S. WKI 2M (MMritHa Rmmm. tall. Ov&m El. Pi.. jgyi S tore t* IJ/n OctP muik 24/27 Oct FORIMt SIM (taortes. tanww. Mmw|j Durtun f I PE. Caprtow) tu*u« 22/B tat S pare tat F KM** 1/ 1 tec
      517 words
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      721 16 w "K'LINE KAWASAKI KISEN KAISHA. LTD. H L ft ■l M TT MB MMU 14/15 Nn 21 Nn 2* Nn Xmn luk (accapteg imtmm to Omtm) WEST AFRICA Singapore F«r: NMiS MMU 14/15 Not Matadi SM.LT OCEAN 14/15 Nov Pt Noire. Libreville. Abtdian. Tenia. Lome. Douala. Cotonou, Apapa. Pt Harcourt
      721 words
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      Page 16 Advertisements Column 2
      908 16 U.S.A./EAST CANADA SERVICE ACCEPTVK Fa AO. CONTAMRS HUM I PRADESH (MBA 2C SCI) MRS HUM PENRNG. P. ROANE. TORE I TOM. CAAMEN. NORFOLK PtoM( Btlnta* f M»| Siatwot 27/2» Oct 28/31 Oct 1/ 2Mk V 5 I E.C./GREAT LARES SERVICE to; nrou. m km. iwimm. raum. m«u kiww. cmcmo. Prnjnf
      908 words
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      572 16 1 w NEPTUNE ORIENT UNES LTD FULLY COWTAINCCISEP StCVICK: FAR-EAST/EUROPE 1 FULLY COWTMNHMSm SERVICE P tate| Sloe teere H"terj Oreoi rten Averp > VOdlUNn 15 tee 17 Roc II In 19 Hoc ah 4tee29tee 22Mm 24Mm BfeiShi 29 Rn 27 tec 29 tee H«M 11k 29k 40k »MBn 4 tec
      572 words
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      593 16 r-«-l *Ul*rSlAH INTFKMATIONAI SmPP+tG CO*FO*AHON BEKMAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA S port 1) Mm 2) Mm 3) *t*r| 4) Gta| 11/11 12/11 17/11 18/11 21/11 «/ll 21/11 21/11 21/11 M/U K/ll »/n VI2 7/12 »/12 M 25/ 'H t/12 14/12 M/ 12 11/12 1) G bar( 2) Kbw|
      593 words
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      Page 16 Advertisements Column 5
      609 16 INTRASEA (PTE) LTD. Kihf Housf O'Crvd Roaa *****' MTTA M2l (Co* 4 Nn 1 SEM/FULL CONTMKK SERVICE TO EIMF( 3Nn R«M H WKf S hampton'Arsofles ««Mi'H'k*| *122— rta^Mn (fit) I m 735MU kouk rami no art a luawt tmmi an* Ma OKHUS MM MM- Jew »im/2 Line STRAITS/AUSTRALIA SERVICE SIM2OOTC
      609 words
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      33 17 'iTwrrei ajcai* HI "fWEWOOO ifnm UcaMj) 21/» Oct (30 tans kiif) W iitUlk) THE NEW STKMTS SHPMHG CO (PTE) LTD Umon BWg (Stt* tlooO 179 E Ins Street S pore 2 11l *****0/*****2?
      33 words
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      214 17 NOTICES DAIICHI CHUO RISEN KAISHA, TOKYO M.V. "AEAEURA MAEU" FROM YOKOHAMA ARRIVED ON I«TH OCTOBER, 1878 AT PAA GODOWN NO. MM General Survey on daaaged cargo d lac barged ex the above vessel will be held on 20th October, 1978 at from 9.00 a.m to IjOO p.m. No further survey
      214 words
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