The Business Times, 25 October 1978

Microfilm: NL9863
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 21V1/78 WEDNESDAY, OCTOBER 2S, 1178 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Asean gets tough
      63 1 AP. KUALA LUMPUR, Tues.— Asean nations have agreed on counter measures if Australian policies jeopardise Asean's trade, Deputy Trade and Industry Minister Lew Sip Hon told Parliament today. Mr. Lew said that at a meeting in Singapore last year, Asean economic ministers agreed that each member country
      AP.  -  63 words
    • Article
      Training Fijians
      51 1 SINGAPORE will provide training facilities for Fijians in port management and administrationas well as aircraft engineering. The visiting Fijian Minister of Tourism, Transport, and Aviation, Mr. Tomasi Vakatora, said advisors on airport ground handling services may be sent to Fiji by Singapore Aitrport Terminal Services, a Singapore Airlines
      51 words
    • Article
      Lock icon Japan recovery
      49 1 AFP. TOKYO, Tues.— An official indicator of economic trends shows that Japan is back on the road to expansion, the Economic Planning Agency announced. The agency's diffusion index, comprising 25 indicators, recovered to 50 per cent level in August, a level dividing economic expansion and retreat.— AFP.
      AFP.  -  49 words
    • Article
      Lock icon HK deficit soars
      74 1 Reuter. HONGKONG, Tues.— Hongkong's trade deficit rose to HK$569 million (Ss2B4 million) in September from $27 million in August and a surplus of 562 million in September last year, according to Census and Statistics Department figures. Total exports (domestic exports plus re-ex-ports) fell to $4.94 billion from
      Reuter.  -  74 words
    • Article
      Lock icon Export control
      57 1 AFP. CANBERRA, Tues.— Exports of Australian minerals from today would have to get specific approval from the Australian government, the deputy Prime Minister and Trade and Resources Minister, Mr Doug Anthony, said He announced to Parliament a stringent new set of rules to govern all future exports of
      AFP.  -  57 words
    • Article
      Lock icon Banker sceptical
      69 1 AFP. TOKYO, Tues.— Bank of Japan governor Teiichiro Morinaga today expressed sceptism about the advisability of sticking to the government-set target of achieving a 7 per cent economic growth this year. Mr Morinaga said he could not rule out the possibility of a continued appreciation of the yen
      AFP.  -  69 words
    • Article
      Lock icon Schlesinger visit
      58 1 AFP. PEKING,Tues.— American Secretary for Energy James Schlesinger arrived today in Peking by special aircraft for a 10-day visit to discuss SinoAmerican energy cooperation, especially over oil. The American secretary, accompanied by a 15member delegation including experts and State Department officials, and also by his wife was greeted
      AFP.  -  58 words
    • Article
      Lock icon Dow Jones
      52 1 AP. NEW YO&K, Tues.— The stock market gained ground this morning with the Dow Jones average of 30 industrials picking up 2.42 points to 842.08 in the first hour of trading. Advances outpaced declines by more than a two to one margin in the early tally of NYSElisted
      AP.  -  52 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      133 1 Rises Most octive Oriental Hldci CCM GuinneM 460 500 840 +44 +38 +20 S Darby Haw Par 2,478,000 555,000 M Banking 010 +20 UOL 162,000 Malaya waU 1 244 18 K L Kepong 145,000 S T P 1975 Nat Iron 720 945 15 15 Total Turnover: 9.32m
      133 words
    • Article, Illustration
      In Kuala Lumpur
      144 1 Rises Most active Hong Kong 17 00 .50 S Darby 1,009,000 H Par 316,000 C C M A HiUun Tin Matsushita 5.10 i 11.70 4.b6 -f -40 .40 .34 Consplant Kulim(M) 253,000 203,000 Malayan 14.80 .30 Total Turnover: 4.69m N Iron 6 50 .20 Total Value: MS13.92m
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  • Article
    Lock icon SIA in $600m leasing deal with Japanese
    179 1 Reuter SINGAPORE Airlines will shortly sign a US$26O million SJ6OO million) contract with a Japanese syndicate of nine leasing companies to take four Mcdonnell Douglas DC-10-30 passenger jets on lease for 10 years, a Japanese spokesman said yesterday. The spokesman for the Orient
    Reuter  -  179 words
  • Article
    Bank Negara eases rules
    139 1 IN A surprise move, Bank Negara appears to have relaxed some of its guidelines on commercial bank lending to priority areas. In a circular to banks last weekend, it said that banks should maintain their lending to priority areas at the level as at June 30
    139 words
  • Article
    Something in store for POSB users
    624 1  -  SUPERMARKET BRANCHES By QUEK PECK LIM THE POST Office Savings Bank will gain a foothold in six of Singapore's biggest department stores and supermarkets when its planned new outlets open in the next four months. The first of these branches will very likely open
    624 words
  • Article
    Local TV sets face screening by US
    793 1  -  By JOHN TAN SIN GAP O R E manufacturers of television sets may soon be called upon to defend themselves against more protectionist pressure from the United States. An American labour union, representing electrical workers, plans to press for an orderly marketing arrangement
    793 words
  • Article
    Air talks mired by type of aircraft issue
    289 1  -  By SIVA ARASU THE CRITICAL sixth round oI air talks betweea Mag*pre and Malay si* aa aa air wrvka agreemeat are begged tows over Ike type of aircraft to be ased by each eaaatry'i —B—l airline. Saarees yesterday said that aaee this
    289 words
  • Article
    Gains by US dollar may be due to MAS support
    449 1 COMMERCIAL sales of the US dollar for the Singapore dollar continued on the foreign exchange market yesterday. But the American currency strengthened against the Singapore dollar both in sympathy with gains it made against the yen and Deutschemark and from
    449 words
  • Article
    Opec hike may hit 15pc
    42 1 A prominent Arab oil expert predicted on Tuesday that the Organisation of Petroleum Exporting Countries (Opec) will adopt an oil price hike of up to 15 per cent, at its bi-annual meeting in Abu Dhabi in December.
    42 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      26 1 whatever you need in menswear, get it at... MOHAN'S DEPT STORE (PTE) UD. 3ft Orchard Road "W *****22 •ncfc: 101, TvtgNn Shopping CtMii HaWttW D»<y :®»m-9pm
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      Page 1 Advertisements Column 2
      119 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 with
      119 words
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      Page 1 Advertisements Column 3
      102 1 mm SHIPPING TIMES UNIONS w.o'l do basiaen wltk FOBUM m laveatmeat: Tke lor 111 J n>lialf if RANK Xem picks Sioiwre 1 tor its recton&l J!! LETTERS to the editor 7 MORE ship f tosses sn SIMEJs brimming with cssfitke hertzes j dence II BANKS witksnt bankers hi BANK sf
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      Page 1 Advertisements Column 4
      4 1 Leader.. .Page < Leader.. .Page <
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      Page 1 Advertisements Column 5
      215 1 SINGAPORE BUSINESS "Now, thanks to Olivetti, the dub is fun and games again. Uti mul(\ UMHM 1 V V K* -JBL —r II 111 Mr. C Sivanathan. Club Secretary. Tasek Utara Golf Club. Johor Bahru "We used to have a problem' with our members' accounts. We were spending too much
      215 words
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  • TRADE AND INDUSTRY
    • Article
      CCOP leads the way in mining sea resources
      417 2  -  By TSANG SAU YIN EXPLORATION and exploitation of mineral resources require multi-disciplinary knowledge which many developing countries do not as yet possess. These countries should receive help to learn and absorb such technology from advanced countries, suggested Mr. Goh Chok Tong, Senior
      417 words
    • Article
      Lock icon Japan will not ease beef, orange imports
      150 2 UPI. THE Japanese government on Tuesday rejected US demands to liberalise orange and beef imports, at the Tokyo round of the multinational trade negotiations (MTN) in Geneva. The two countries are scheduled to hold a series of bilateral and multilateral negotiations later this
      UPI.  -  150 words
    • Article, Illustration
      THE SUCCESSFUL LOTS...
      260 2 OVERSEAS Union Securities received a total of 46,663 applications for its public offer of 11.25 million shares. Out of this total, 43,184 applications were for 1,000 lots, it was revealed by OUS at a balloting ceremony at the Mandarin Hotel yesterday. The balloting ratio for those who
      260 words
    • Article
      A peek into the next 10 years with SIM
      242 2 THE Singapore Institute of Management will hold a series of courses and a talk session next month. On Nov 1, there will be a talk by Professor Thomas Kempner on The Next Ten Years, at the Shangri-La Hotel. This session is
      242 words
    • Article
      Lock icon TAIWAN INC
      94 2 Reuter PAN Overseas Corporation, the first big-scale trading conglomerate approved by the Taiwan Ministry of Economic Affairs will be inaugurated on Nov 1, the Central News Agency reported vestecday. The organisation, incorporating 30 local and overseas companies, the United World Chinese Commercial Bank. Asia Trust and Investment Corp.,
      Reuter  -  94 words
    • Article
      Devan rules out ventures with business community
      409 2 THE National Trades Union Congiess expects to embark on further "socially-useful" enterprises.but certainly not in partnership with employers in new business ventures or with their proffeied management expertise, said its secretary-general, Mr.Devan Nair yesterday. The NTUC does not object to being more affluent,
      409 words
    • Article
      Lock icon Australia asked to aid soda ash project
      165 2 AP. THAILAND will seek financial support from the Australian government for a large soda ash project during the coming meeting between Australian and Asean officials in Canberra next week. A spokesman for the Thai Foreign -Ministry yesterday said that Australia has indicated its
      AP.  -  165 words
    • Article
      MEMO PAD
      430 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 23-27: Work measurement and financial incentive schemes, SIM, SIM Oct 25-Nov 17: Business law, SIM, SIM Oct 26-27:
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    • Article
      Rail boost for logs
      371 3 MALAYAN Railway has agreed to make special arrangements to transport logs of less popular species, in order to encourage greater use of Malaysia's timber resources. Its director of commerce, Encik A. Rahim Osman, has said that from Nov 1, additional logs of the less popular grades
      371 words
    • Article
      Malaysia, Thailand container service is launched
      297 3 MALAYAN Railway, working in close cooperation with Thai railway authorities, has started a container service between Malaysia and Thailand. The director of commerce of Malayan Railway, Encik Rahim Osman, said the first consignment of four contain- ers, each carrying 790 bags of flour, left
      297 words
    • Article
      Rank Xerox to set up regional HQ here
      779 3  -  By SIVA ARASU ONE of the world's leading copier machine companies, Rank Xerox, has chosen Singapore for its regional headquarters. The office will officially open on Nov 1. The decision comes in the wake of the new corporate policy to decentralise. "Last
      779 words
    • Article
      Airlines maintaining links on the ground
      219 3 THE Asean overhaul and maintenance facilities project team currently surveying national airlines in Asean countries, will make recommendations on how airlines may help each other save on expenses. The recommendations will pertain to aircraft maintenance, spare parts and other relevant expertise. Only seven members
      219 words
    • Article
      JCCI donates to relief fund
      230 3 THE JAPANESE Chamber of Commerce and Industry has donated $100,000 to the Industrial Accident Relief Fund, set up by the Ministry of Labour, following the Spvros disaster. Announcing this yesterday. the president of the JCCI. Mr. H Shimazaki. said that councillors of the chamber met
      230 words
    • Article
      Lock icon SEOUL REVS UP
      89 3 AFP. SOUTH Korea's three automobile manufacturers are tooling up to boost their exports and increase annual production capacity to 1.2 million units by 1982, industry sources said. The Hyundai Motor Co. which has links with the Foid Motor Co. plans to boost its annual production capacity from
      AFP.  -  89 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      76 2 *Our 747s fly non-stop evening. Also to Melbourne four times and Brisbane three > times a week. 1 It's nice to have you with us.* L Please contact your travel agent or British Airways Reservations. Tel: *****4 British airways We'll take more care of you. ife em K f jSGSi
      76 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      29 3 f* EMM y, 'J) m f f^ 4 'X <*< eries ■»v5P^ ■>' "-Jr. TXT* -<WF3r ->. ;•.-™>... ;;.r *t f 'Jh 1L m< t* A I I *y BMW 323 i M
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      627 3 LI TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Outwardly, it's hard to eat (5) 6 Unpleasant but compulsive? (5) 9 Post accommodation father fixes up (7) 10 Females now wrong abOot me (5) 11 Jockey strap® (5) 12 Baser speculators? (5) 13 Taken over (7) 15 He's In the nude sometimes
      627 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      498 4 THE Singapore market closed slightly easier with November One RSS buyers quoted at 252.00 cents per kilo, down one cent yesterday, dealers said. Morning prices were marked down two cents on lower London advices, some long releases and lack of support, they said. Reports of China
      498 words
    • Article
      RAS PRICES
      346 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. 246.00 247.00N 247.50 248.50N Int. 1 R.S.S. November 250.50 251.00. 252.00 252.50 Int. 1 R.S.S. December 254.25 254.75 256.25 256.75 Int. 2 R.S.S. 242.50 243.50N 244.00 245.00N
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    • Article
      SSR and SMR
      110 4 NOON SSR anil SMR piKfs yesterday KVS November D eeember (Carrei •t Mlk) (Fsrwwtf Mtk) Bnyrn> Sellers Bayers Seller* (rests per kg) (eeaU per kg) SSR 3) (l ion pallet) 232.00 234 00N 234 50 236.50N SSR 30 < l-l<>n pallet) 230 00 230 OON 232.50 234
      110 words
    • Article
      Palm oil
      70 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated. LONDON: Monday Previous Malaysian 5%ffa bulk per tonne SlOslr December SlOslr Sumatra 5* ffa bulk October MSslr 647 .sir November 632'j 627' /sir December 620slr.620pd617' jslr January unch fllOslr March 595pd 595pd Nigeria 5% (fa bulk
      70 words
    • Article
      Closing prices
      29 4 Rubber: Oct 24 Singapore: Novem ber:2s2.oocen t s (down 1.00 ccnt) Malaysia November: 256.00 cents(unch) Tin: M 51,976 (up $6) Official offering: 180 tonnes (down 66 tonnes)
      29 words
    • Article
      Rice
      226 4 BANGKOK rice prices were quoted as follows on Tuesday: (In US dollars per tonne F. 0.8. basis Bangkok) Whit* rlee: 100 prt Ist class 402. 100 pet 2nd class 387. 100 pet 3rd ckiss 382. 5 prt 377. 10 pi t 352. 15 prt 347. 20 pet 342. 2S
      226 words
    • Article
      Produce exchange
      299 4 COFFEE bean prices continued to ease in a generally quiet produce market in Singapore yesterday. The softer trend overseas and the withdrawal of buying interest were bearish factors. The fickleness of the US dollar also had its fair share of restraining influence on the market. Because coffee dealers
      299 words
    • Article
      Hongkong Comex
      196 4 THE sugar market closed 0.09 to 0.14 US cents lower in fairly quiet trading, with seven lots traded yesterday, dealers said. The daily spot sugar price was 0.05 cents higher at 8.80. Sugar futures rioting prim: (Mi| PrrvtMn (M« Jan 8.75 885 8909 00 Mch 9.10 14 9.19
      196 words
    • Article
      Spot prices
      188 4 YARN and cotton in Hongkong dollars, spot exgodown: MttN yara (Mm: Blue pheonlx 20 s 1.9», 8* 2.710. 2.900 (per bale of 400 lbs) place gM* eMaa: buttterfly and globe brand unq; dragon head unq five lambs unq; (tower and buffet-fly unq Dying geese unq (per piece 36
      188 words
    • Article
      Sugar
      384 4 LONDON raw sugar futures opened £0.35 to £1.25 per tonne down yesterday morning. Turnover totalled 697 lots. Dealers said the lower opening following the late sharp fall in New York and reflected some hesitancy in front of any move the US may make to bolster its domestic sugar price.
      384 words
    • Article
      Cocoa
      123 4 LONDON terminal cocoa finished the first call lower by L 8 to LI per tonne against forecasts of a slightly steadier market in New York. Prices continued to ease in opentrading yesterday under hedging and speculative selling, gathering in stoploss orders at the decline. Cocoa futures in NEW YORK
      123 words
    • Article
      Soybean
      177 4 CHICAGO soybean product futures closed mostly higher after earlier gains were trimmed in the final minutes on Monday. Meal futures ended up |0.10 to 11.50 a ton in all but the spot month, which was off 50.40 .Oil futures finished 0.02 to 0.15 cents a lb higher, with the
      177 words
    • Article
      Wheat
      134 4 CHICAGO wheat futures lost eaAy gains at midsesskxi to post losses of three to 3/4 cents a bushel on Monday. Opening firmness was attributed to heavy buying by locals in the face of limited selling. The market broke in early trade when locals became heavy sellers. An export firm
      134 words
    • Article
      Straits tin
      232 4 THE Straits tin price in Penan# rose Ms 6 per picul to $1,976 yesterday. Values were marked higher on sustained local, Japanese and Eastern Europe support and a reduced volume of tin concentrates from miners contributed to the rise. Turnover fell to 180 tonnes from 246 tonnes and
      232 words
    • Article
      Silver
      113 4 LONDON silver lost 1.9 to two pence yesterday. Traders attributed the decline to the lower New York market, the trend in gold and some chart selling. Carries boosted turnover to 53 lots. Silver on the LME was down mostly 2.5 pence per troy ounce on Monday. The decline in
      113 words
    • Article
      Lead.
      41 4 LONDON lead finished the morning up mostly seven sterling yesterday. The early uptrend on the premarket was aided by the strength in zinc and copper with some protective covering also reported against physical demand from the Soviet Union, dealers said.
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    • Article
      Zinc
      47 4 LONDON zinc finished the ring up mostly £6.5 yesterday. Premarket values forged ahead on covering induced by the Vieille Montagne price rise to $720 per tonne from $675 and Threemonths traded upto $368 Some of the buying was also encouraged by market talk of Russian enquiry.
      47 words
    • Article
      Coffee
      303 4 LONDON robusta futures opened Lll higher to LlO per tonne lower in a turnover totalling 429 lots yesterday. Dealers said the market was initially marked higher following gains in New York but soon ran into commission house selling which took values back to overnight levels. Dealer support at this
      303 words
    • Article
      Copper
      363 4 LONDON copper wiiebars finished the morning up L 9 for cash and L 8.5 for-Three-months yesterday. The early steadiness was prompted by modest covering. following overnight gains at New York on what appealed to be a somewhat ovei-sold mai-ket. Further advances were seen in the ring, under pricing operations.
      363 words
    • Article
      Aluminium
      20 4 LONDON Threemonths aluminium was £0.5 higher. Traders said the market held steady in quiet featureless dealings of 500 tonnes.
      20 words
    • Article
      Gold
      411 4 THE kilobar in Singapore opene4 at 5515,614 yesterday and closed higher at $15,597. The high and low were 5515.683 and 5515,586 respectively. The market was quiet. The London spot gold market opened at U*****.50 .80 and closed higher at U*****.25 55 .The high was U*****.50 80 while the low
      411 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        596 4 THE US dollar saw temporary reprieve on the foreign exchange market yesterday, pending the announcement of anti-inflationary measures by President Carter. In this mood, the dollar was traded up slightly against major currencies. However, dealers expect the dollar to resume its fall today, if the announcement does not
        596 words
      • Article
        Asian $ rates
        179 4 Asian rates ASIAN currency deposit Interbank rates as at close on Oct 24: US Dallara(Spot) Offer Bid 7<tejm 9 0 1 month OM 9W 2 month* #15/16 913/16 3 months 101V1610U/ Ml 6 months 11 10* 9 months 11 10H 13 months 11 10H 1 month 3 months 6 months
        179 words
      • Article
        Discount
        6 4 Source: National Discount Co Ltd
        6 words
      • Article
        Zurich
        50 4 ZURICH nrkangn r tonne quotes on Monday US 1.511»-&t» StK J.tHMT77 CuU»BK Dm* M 3835-7115 Dfl 77 *15-78 1015 Ffr JS MIS-712 Bfr 5.3573-37tl Dkr 30 4575-SSS4 Nkr 31 *****673 Skr 36 0682-1137 UI 0.1898-1901 AIM BCh 11.5681-5019 Pari 3 3933-4207 Spain 2.2223-291 Arg 0 1646 YM 0 8347-83*
        50 words
      • Article
        London
        160 4 THE dollar opened firmer here yesterday as operators coveted their short positions ahead of President Carter's anti- inflation package, being announced later, dealers said. It opened nearly a pfennig higher against the mark at 1.8144/54 compared with 1.8057/72 overnight and over a centime firmer against the Swiss franc at
        160 words
      • Article
        New York
        200 4 THE dollar closed generally firmer on Monday from its opening levels in cautious, nervous trading ahead of President Carter's anti-infla-tion programme announcement yesterday. They said trading was very quiet in the afternoon as most operators are reluctant to take substantial positions ahead of the announcement, although few expect
        200 words
      • Article
        Tokyo
        137 4 THE US dollar recovered moderately in light late trading on import- covering by Japanese traders and dollar- buying by Japanese banks to meet dollar conversion needs for a 40 billion yen syndicated loan to the Australian government after a firm opening, dealers said yesterday. Foreign banks sold dollar in
        137 words
      • Article
        Hongkong
        145 4 THE US dollar was quoted little changed yesterday against Continental currencies in late, featureless trading but firmer against the yen, dealers said. The dollar was unchanged at lAS/35 marks from New York's close but slightly higher than its 1.8110/20 opening here. Against the Swiss franc, the dollar eased marginally
        145 words
      • Article
        Euro $ rates
        133 4 Euro rates IX>NDON Eurodollar deposit rates were quietly firm at the opening reflecting continuing anxiety about the possibility of rising inteiest rates, dealers said yesterday. Period rates firmed 1 16 against Monday's closings on professional coveting but wete ssentially back to Monday's midday levels. Short dates had overnight 1 16
        133 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lead to their best customers is 7.25 per cent.
        21 words
      • Article
        Australia/NZ
        56 4 AUSTRAUA-NZ exchange* quote* oo Tuesday US dlr 1.1754 1.1706 Sterling 0.5879 0 5813 Ninety day air mail buying rate* SterUng 0.8000 us dks 1.2123 Ninety day forward buying rate* SterUng 0.5008 us dlr» 1.1746 New Zealand SterUng 0 .5306 0.5357 US dlr ***** 1 0736 Ninety day airmail buying
        56 words
      • Article
        Frankfurt
        44 4 FRANKFURT nctaafn closing qinHf on Monday USfOOOO 96 Can 1 5310 30 Stg 3836 CM DO 92.01 U Sir 118 75 05 Lit 2.230 MS FTr 43.35 Dkr 35.90 00 Nkr 37.00 10 Btr (con) &JOO SO ni f Mil Yen 9.9095 19
        44 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      213 4 The sign of the Kiwi, New Zealand's unique emblem bird, identities 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 T TT Hilton Hotel, Kuala Lumpur, Malaysia, 13 —18 November, 1978 Adhesives (commercial and
      213 words
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  • OVERSEAS
    • Article
      Lock icon US capital spending rise crucial
      465 5 Reuter WITH THE consumer sector of the US economy clearlyweakening, the only way a recession can be avoided in the coming months is for business spending to pick up sharply, says Financial Digest, a weekly economics publication of Manufacturers Hanover Trust Company. The publication notes
      Reuter  -  465 words
    • Article, Illustration
      Lock icon TUC labours in vain to scrap wage rise ceiling
      266 5 AFP. BRITISH Prime Minister James Callaghan and his Labour Cabinet has rejected trade union calls for a scrapping of the 5 per cent ceiling on wage increases imposed under its "Phase Four" counter-inflationary programme. Reliable sources in London said the UK
      AFP.  -  266 words
    • Article
      Lock icon More ship financing losses on the horizon
      756 5 RISKS FAIRLY WIDESPREAD Reuter. BANKS involved in ship finance will take further losses because of the continuing recession in the world shipping industry, according to several London banking and industry sources. "There are obviously loan losses still to be absorbed," one senior British
      Reuter.  -  756 words
    • Article
      Lock icon Chemical raises its prime again
      545 5 Reuter, UPI. CHEMICAL Bank, the sixth largest in the US, has boosted its prime rate another quarter-point to 10'/« per cent, reflecting surging demand for business loans and the banks' own cost of funds. No other bank in the US immediately followed suit but money
      Reuter,; UPI.  -  545 words
    • Article
      THE SAFEST AIRLINE
      455 5 AUSTRALIAN flights are ranked the safest and Colombian the most risky in a new six-year survey of air transport safety by the magazine Flight International. Flight's latest issue also reports that world flight safety has been improving from around four fatal accidents per million flights at the
      455 words
    • WORLD IN BRIEF
      • Article
        Lock icon LEAKS IN NATO BAN
        622 5 Agencies. NATO restrictions on technological exports to the Soviet bloc are not succeeding, but are hurting US producers, US representative Jonathan Bingham said on Monday. Mr.Bingham, chairman of an international relations subcommittee on economic policy, said he will work in the new Congress on revision of
        Agencies.  -  622 words
    • Article
      Lock icon India's gold zone
      115 5 Reuter INDIA hu gaM we reserves «f ahaat MS mllhw li—tf, •eewtog U the GeatogleaJ Sarvey sf ladia, GSI. GSl's taveitlytisi have yielded pravea mervei at abeat 243 rallllaa teaaes, the Press Trast sf Isdia (PTI) reported. Geatogtete have Ideatlfled a petcatlsl gaM hcarlag mm exteadlag aver
      Reuter  -  115 words
    • Article
      Lock icon Mixed yields at auction
      283 5 Reuter. THE AVERAGE effective yields on US Treasury bills fell to 7.9 per cent for threemonth bills and rose to 8.612 per cent for six-month bills at the latest weekly auction. The Treasury said the three-month yield was down from 8.209 per cent at the previous
      Reuter.  -  283 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      713 5 ARRIVALS Service Local Operator Number Time From GIA GA944 1055 PKU GIA GA906 IT00 MES UB UB231 1115 RGN THAI TG961 1120 BKK PAL PR501 1125 MNL RBA BI325 1155 BWN GIA GA982 1200 HLP SIA SQ240 1210 MES SIA SQ201 1245 HLP MAS MH684 1250 KCH
      713 words
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      Page 5 Advertisements Column 1
      317 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****5S Call us foi vou. local onward reservations Fragile-Handle with care. lodav's intern.iti< ni.il marketplace is .1 (It'lk ate .ind 1 < >1111 >lex |)K•(t 1 »t 1 nacliii lerv: red 1.11 1 ill 111 It \S »t" lIIIICI lt.lt |o| til
      317 words
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  • Article
    Where is the private sector initiative?
    351 6 IT IS ironic that in the Singapore banking market, the greatest innovations in retail banking should come from a statutory board. But in the Republic, that is exactly what Singaporeans have come to expect of their national savings bank. The Post Office Savings Bank's
    351 words
  • Article
    The way out of a ruinous trade war
    264 6 CURIOUSLY, news of an impending complaint from an American electrical workers union against Asian television manufacturers comes not from the Americans themselves, but from a Japanese unionist. If one can believe that the leakage was a gesture of goodwill from the Asian
    264 words
  • Article, Illustration
    Lock icon Carter's pessimistic magic package
    822 6  -  By CLYDE FARNSWORTH NYT THE CAKTER arfmlaistntfM's nM UUia/latioa pukage, liteaM to ekeefc wage sad prlee increases tknagh I variety rf saactieas Jut short d formal controls, has armed as •ptimism Irani aayeae, ad evea from its arehiteeta. "Yet, If this effort the admiaistraltoa's third try
    NYT  -  822 words
  • Article, Illustration
    Lock icon NO GENEVA PEACE PLAN FOR TEXTILES
    1320 6  -  A* the multi-lateral trade negotiations move into the "final week" and the penultimate Dec 15 dateline for agreement (imposed by the United States) draws even closer, major blocs of the world's exporters are still unagreed as to what direction tariff-cuts should take. If this
    Renter.  -  1,320 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      184 6 m t f '\v>* /^>= c Sandemaitfs Cream Sherry Ycxj don't have to pay a high price for a good Cream Sherry. v Anodier quakty product from 'Future Generatlon' s# > WBif i Just don't miss them at the ton Bar while they are Also orv stage to a non-stop
      184 words
  • 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 for 24 hours prior to 7JI p.m. on Oct 24 at the airport: Maximum temperature 30.6 C Associated humidity 70 Minimum temperature 23.7 C Associated humidity 100 Hours of sunshine 3.90 Rainfall in millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      229 6 SINGAPORE 5 PM Opening announcements followed by The Beverly Hillbillies Don't Marry A Frogman (Repeat)* Diary Of Events (Malay)* Bonanza Easy Come, Easy Go* Intermission Opening announcements followed by Petticoat Junction Selma Plout's Plot (Repeat)* News in Brief* Timang Tinggi Tinggi (Malay-Re-peat)* Candid Camera* News and Newsreel in Malay* Play
      229 words
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  • Article
    'Banks without bankers' are a big hit in France
    1341 7 Co-oper&tive banks In France provide finance fer the small businessman and even sponsor imaginative "business creators". Are there interesting applications here (or Singapore? THE SIZE OF THEIR DEPOSITS MAKES THE CO-OPERATIVE BANKS THE SIXTH LARGEST IN THE FRENCH HIERARCHY THE YOUNG
    1,341 words
  • Article
    What happened to Sime Darby's remaining $400m?
    425 7  -  Letters to the Editor MD.NOR BIN BAHARUDDIN AS AN Interested observer of the stock markets both ia Malaysia and Singapore, and indeed also very much out of concern for the protection of public interest, 1 would like to refer to Subsection A of
    425 words
  • Article
    FAIR SHARES FOR ALL?
    216 7  -  LARRY KOH IT IS NOT unusual te hear whole families or offices appiylag for aew issaes aad aot being allotted a single share la retarn. 1 am not suggesting that there were aay malpractices, hat those aasuccessful apptleaats would Just woader if the precaatloas now takea
    216 words
  • Article, Illustration
    STRAWS IN THE WIND
    180 7 A MASSACHUSETTS cash register company is so pleased with its employees, it is reported, that it is sending all GOO of them on a week-long free trip to Rome. The company. Data Terminal Systems, has seen its profits and sales doubled from the past year's. According
    180 words
  • Article
    Assured only of OPIC's goodwill
    908 7 FORUM. ...OD investment By JOHN TMI ONE OP THE more solid achievements brought back by the Asean team from the August Asean-US talks in Washington was the promise of a promotion mission from the US Overseas Private Invest ment Corporation (OPIC). This was good news
    908 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      334 7 New Japanese Restaurant KIKU^p serving authentic Japanese food _adl f z, kp[xui Vikki ft Miijxira Skishimi *Suki\iiki *shabu shabu mu JAPANESE RESTAURANT kigfet; *ip goap Deepavali l I K.m.| M.OmI i.ll Sm. l.u r. ■*>. i2^ .lllj ».u,.1,r l.uivh I,HufU-l r-IMip. I I T.1%1. UUvillll I Mir .1.1.. Indl.1l; v«.-.-ts
      334 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Gold shares slip further
      378 8 Johannesburg OOLD shares were easier In small trade on a general lack of Interest on Monday Dealers noted there was no followthrough from London and issties supped from a few cents to 50 cents lower. Mining financial* retreated In lln* with producers. De Beers wa*'!S cents
      378 words
    • Article
      Composite index off 13 points
      354 8 Toronto SHARE prices closed lower In active trading on Monday. The composite Index was off nearly 13 points with declines in 11 of Its 14 component groups. Oil and gas. real estate, consumer products, transportation and financial services all fell more than 20 points. Losses
      354 words
    • Article
      Generally lower
      546 8 EUROPEAN MARKETS MOST European bourses closed lower with the exception of Brussels which finished mixed. Amsterdam closed lower following the further decline In the dollar and Wall Street. All Dutch Internationals declined, with Unilever losing 2.50 and Royal Dutch 1.10 guilders. HVA dropped 4.30, KLM 4.10 and ABN
      546 words
    • Article
      Zurich
      185 8 oct a Francs Actions Suisse* 285 1 AlusulsseBr MS -5 Alusutsse Reg MS unch Brown Boverl Br 1535 >5 Ciba Oelgy Br 965 -10 Ciba Oelgy PC 735 5 Ciba Oelgy R» 579 +3 Credit Suisse Br 2175 -20 Credit Suisse Ret 417 •2 Elektrovmtt Br 1770 -10 Oeorge
      185 words
    • Article
      Amsterdam
      211 8 oct n Fto ABN 368.50 -3.5 Ahold 112.10 -0 9 Akio 29.80 -0 8 AMEV 88 80 -1.4 Amf&£ 103 00 -5.5 Am rot Bank 74.00 -09 Bergoai 82 70 unch Berk 93 00 unch Bob 72.00 -0 8 BorsumlJ ***** unch Burhmann 73.80 unch Byenkorf 96 00 -08
      211 words
    • Article
      Paris
      230 8 OCT Pr» Air-Liquid* 362 -6 BS NOenraU 000 -36 CSF(ThomsonC»f) 981 -9 Cte PrtDctUc 136.60 -2.1 Compacnle Cocnpacnle 400 •1.1 Credit Ponder 422 -6 Hachette 296.90 ♦0 9 Machines Bull S3.79 -0 89 1260 -43 208.60 -0.4 Pechlney Clfine 93.26 -2.7 901 -6 Philips (Nv Ocm 93.36 -1.06 122
      230 words
    • Article
      Brussels
      90 8 OCT B rr» FOItWAKO MAUCT Acer 41* ♦6 Arbed 2300 -15 Aslur 780 -46 Brascar. 471 -i Bru-Lamb 1500 20 Canpac -It Cock 424 -1 De Beers 204 -7 Ebes 2323 uncti Qeclrobet 6740 -10 Qb-Inno-Bm 2480 -20 Oev 134« -4 Hobo* 2790 -90 Petro 3305 15 Ryl Dutch
      90 words
    • Article
      Frankfurt
      162 8 ocr a Dm A*f-Tfl»l*funk*n at to i Akm n 4S TTJ -1 Alls Vera 514 -3 BASF 140 00 -1.0 Bay H T Wbank Bay Vbtnk no -4 ***** -I S BBC 307 SOB-3 BMW 200 SO +30 S Caaaelka 422 *2 Chcm Verw *71 -2 roniMRtenk 234 40
      162 words
    • Article
      Bangkok
      172 8 Oct 14 ■ate Bangkok Bank Bank of Ayudhajra Ltd m 280 Thai D&nu una Thai Fanners Bank 354 Thai Commercial Bank 771 Bangkok Metropolitan Bank una Industrial finance Corp J,575 General Finance 4M First Trust 544 Raja Finance 1.330 Lee K wan« Mine Trust M3 Thai Insurance unq Jalaprathan
      172 words
    • Article
      Investors still worried
      1230 8 NEW YORK A LATE technical rally on Monday left stocks mixed In active trading as the market attempted to repair the damage of Its worst one-week slide in history. But analysts said Investors remain worried about rising interest rates and President Carter's anti-Inflation message due last night.
      1,230 words
    • Article
      CHICAGO BOARD OPTIONS
      1420 8 October 23 CHICAGO Board Options Exchange volume eased mj loo.vrr contracts on Monday rrom sa,zw on Friday. OPTIONS JAN APL JLT STOCK Alcoa UNTRD UNTRD NOL 1/4 Alcoa ft ft 1/1 UNTRD a V4 Alcoa t 1/3 1 1/1 UNTRD a V4 Alcoa 11/16 VI UNTRD a
      1,420 words
    • Article
      Shares bearish
      472 8 TOKYO THE market wu bearish yesterday. centrlnc on forerunning Issues, since most Investors turned cautious owtng to the recent sharp rtae in stock prices. High-priced pharmaceutical and bffht-etectrlcal issues dropped sharply, since Individual Investors switched to HmHy and low-priced chemical and spinning Issues. Turnover was relatively heavy. In
      472 words
    • Article
      Sydney
      361 8 THE market firmed yesterday, with selected uraniums and blue chip Industrial stocks leading the rise, dealers said. Queensland Mines rose 20 cents to A 83.20 and Kathleen Investments 15 to 2.59 following reports that final agreement has almost been reached with the Northern Land Council on the Nabarlek uranium
      361 words
    • Article
      Lock icon Hongkong
      330 8 Source: SHK Sec FOLLOWING the announcement that China Provident Is to develop Its north point wharfage site Into a HKBI. residential/commercial complex, the market yesterday found added strength and moved up accordingly. Continued buying for HK Wharf (up another dollar In heavy trade) and O I Cement also buoyed
      Source: SHK Sec  -  330 words
    • Article
      Manila
      47 8 OCT M Pm 0106 4-0.OOM 10 00 -C 9 BafutoOoM Oil +OOOM MM ♦0.8 CDCP >1.00 Landotl LawtoB 100* ■O.M propB 1 OS -0.1 Plonm PLOT PodcoB Poa« SanlflcueiA San Mtfud B Saa front Uttphll Vulcan •O.M .MM +0.MM 35 7# inch 012 +0M00 Oil ttneh
      47 words
    • Article
      Selected Indices
      64 8 FINANCIAL TIMES INDU8TRIAL8 Monday 406.6 Friday 500.2 Week Ago 494.6 DOW JONE8 AVERAGE INDUSTRIALS Monday... 839 66 Friday 836 01 Week ago 875.17 LONDON DOLLAR PREMIUM Monday 1/4 to 7® 3/4 Friday 903/4 to 811/4 H.K.HANG SENG Tuesday 666.75 Monday.. 662.01 Week ago 638.57 SYDNEY INDUSTRIALS Tueaday 462.35
      64 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      281 8 Jardines Anticipate Increased 1978 Earnings Dividends" 44 Net profit for the first six months was 5555.6 million (1977: 5551.9 million), an increase of 7.1%. Prospects for the rest of the year indicate that the same level of earnings growth will be maintained for full year. 44 Interim dividend equivalent to
      281 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon PanAm explains need to merge with National
      318 9 Reuter PAN AMERICAN World Airways said in testimony filed with the Civil Aeronautics Board (CAB) that it proposed to merge with National Airlines Inc because of its "urgent need" for a domestic airline system. PanAm said it cannot afford the billion-dollar cost or
      Reuter  -  318 words
    • Article
      Lock icon Citicorp unit aids Indian firms
      75 9 Reuter CITICORP said its Citicorp International group unit signed a US$2O million syndicated term loan to the Industrial Credit and Investment Corp of India Ltd. The loan is guaranteed by the government of India and will run for seven years at one per cent over
      Reuter  -  75 words
    • Article
      Lock icon Currency losses hit Exxon Corp
      641 9 N.AMERICAN Reuter EXXON Corp. reported third quarto* earnings per share of US$l.2l ($1.42) on net profit $540 million (1635 million). Revenue was $15.91 billion vs $14.45 billion Nine months earnings per share came to $4.30 ($4.14) on net profit of $1.92 billion vs $1.85 billion.
      Reuter  -  641 words
    • Article
      Chemical New York chalks up 19pc rise
      891 9 CHEMICAL New York Corporation, the holding company of Chemical Bank, has announced a third quarter operating income of US$32 million, an increase of 19.2 per cent from $26.9 million earned in the third quarter of 1977. Earnings per common share were $2.02 compared
      891 words
    • Article
      Lock icon Kimet goes public and predicts profit rise
      360 9 S. AFRICA FT THE FIRST public offer of a non-mining company in Johannesburg since the flotation of Darling and Hodgson, the construction arm of Union Corporation, in 1973 comes with the prospectus of Kimet, a pyramid company controlled by Mr. Natie Kirsh, a
      FT  -  360 words
    • Article
      Lock icon Conti-Gummi may hold payout
      295 9 f 1 EUROPEAN FT CONTINENTAL GUMMIWERKE's (ContiGummi) hopes of resuming dividends were dashed by its interim report. The company, however, did not utterly rule out the prospects of a renewed payout after six barren years but it gave no grounds for optimism. The executive board of
      FT  -  295 words
    • Article
      Lock icon Kalamazoo sales ahead
      224 9 FT FROM SALES ahead at 19.1 per cent to £21.48millkm, profit at Kalamazoo, the business and office systems group, before Kalamazoo Workers Alliance (KWA) bonus and tax climbed 12.9 per cent from £3.29 million to £3.72 million for the year ended Aug. 1, 1978, with £1.27 million
      FT  -  224 words
    • Article
      Lock icon Mitsubishi to take one-third interest in Chrysler
      254 9 Reuter AMERICA'S Chrysler Corporation and Mitsubishi Motor Corporation have reached basic agreement to allow the Japanese firm to take a one third stake in its Australian subsidiary, Chrysler Australia Limited (CAL) to help it reconstruct business. The president of the Japanese company Mr.
      Reuter  -  254 words
    • Article
      Lock icon WARNER TURNS IN HIGHER THIRD QUARTER
      162 9 Reuter WARNER Communications reported a third quarter profit from operations of US$l9.B million, or $1.35 a share, compared with a profit of $15.6 million, or $1.16, a year earlier. Warner, a major entertainment concern, said all five of its operating divisions had gains during
      Reuter  -  162 words
    • Article
      Dawnay Day doubles pre-tax earnings
      195 9 FOLLOWING the excellent first half when profit rose £770,000 to £930,000, the Dawnay Day Group, merchant banker, said pre-tax profit more than doubled to £2.18 million for the year ended June 30, 1978. After a charge for tax of £323,000 against £194,000 aftd an extraordinary
      195 words
    • Article
      Lock icon HK Land uses loan proceeds to finance debt
      422 9 r i ASIAN b 4 Reuter HONGKONG Land said about one-third of the net proceeds of its HK$6OO million loan stock issue will be used to refinance debt on more favourable terms. The net proceeds will amount to about $584 million and
      Reuter  -  422 words
    • Article
      Lock icon Toyobo sells Bruck Mills
      236 9 FT TOYOBO, one of Japan's leading textile concerns, has decided to sell its whollyowned and financially troubled Canadian subsidiary, Bruck Mills, to Consolidated Textile Mills, the second largest textile producer in Canada which is 64.7 per cent owned by Carrington Viyella of the UK. The Osaka-based
      FT  -  236 words
    • Article
      Lock icon Ashton Mining issue popular
      144 9 Reuter ASHTON Mining said its public issue of 28 million A5O-cent par shares opened and closed fully subscribed yesferday. The company, the float-off of part of Malaysia Mining Corp. Bhd.'s stake in the Ashton diamond exploration joint venture, said share certificates will be mailed in about
      Reuter  -  144 words
    • Article
      Lock icon Carlton to bid for Allen
      160 9 Reuter CARLTON and United Breweries Ltd. said it intends to bid for the 64 per cent of the issued ordinary capital it does not already hold in North Queensland hotel owner and operator, Samuel Allen and Sons Ltd. It will offer one Carlton share plus
      Reuter  -  160 words
    • Article
      Lock icon Nigeria Oil pulls out of development
      179 9 Reuter NIGERIA Oil Company of Japan has announced that it has pulled out of oil development following its abandonment of commercial oil production in oilfields off Nigeria. The company said it has spent about 20 billion yen since 1971 on 16 test drillings in
      Reuter  -  179 words
    • Article
      Lock icon GENERAL SEKIYU ISSUE
      91 9 Reuter GENERAL Sekiyu KK said it will issue 30.89 million new shares to increase its capital to 3.26 billion yen from 1.72 billion. Subject to Japanese government approval, it will allocate all the new shares to Esso Eastern Corp., a wholly-owned subsidiary of Exxon Corp. of the
      Reuter  -  91 words
    • Article
      Lock icon SAN MIGUEL (HK) SALES HIGHER
      107 9 UPI SAN MIGUEL of Hongkong reported net HKJ114.7 million for the first eight months of 1978. The figure is up 7 from the 1106.8 the same period last year; Income after tax .#»s $23.18 million compared, with $22.18 million last year, up 5 per cent.
      UPI  -  107 words
    • Article
      Mitsukoshi optimistic
      36 9 MITSUKOSHI Ltd said it expects after-tax profit in the year ending Feb. 28 to rise to about 11.30 billion 'yen from 10.30 billion yen last year on sales of 471.00 billion yen (451.15 billion).'
      36 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      232 9 Why Elmer? We'd be the first to admit that Elmer sounds rather like a faded Hollywood star! But actually our name is PerkinElmer. And we're one of America's biggest minicomputer companies. Perkin-Elmer might still sound a mouthful, but what we have to offer will make you gulp. We provide important
      232 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1354 10 BID ud offer prtaaa offlctth bated and buatnca* In and reported to Um Mock Kxchanyt of Bmapow yesterday with Um number of Arm traded (town in bracket* In lou of 1.609 unite unlaw other* la* (pacUted All Tim* Battlement Contract* arc quoted after Um word "tett." Bte Board
      1,354 words
    • Article
      Government bonds
      81 10 4 1/4% li/l/N (290,000) (M.908 100 058) (3) 90.00 5* T P 1/5/81 (250.000) (100.198 100.308) 5 V 4% T P IWII-M (290.000) (102.008) 7 1/4% 15/16/86 (290.000) V 0 16/4/66 (290.000) 5 1( S» B T P IVW (290.000) (100.558) 7 1/4% 1/1/87 (250,000) (100.70B) (1) 101.05
      81 words
    • Article
      Stock options
      80 10 BTRIJCINO prices of the slock options officially listed on Um Stock Exchange of Singapore, the periods, bid and offer prices and business done yesttrday with the number of options traded shown In brackets. C and C (Dec M 50) (1 60S) Inchcape (Dec $1.65) (0.278 0.375) Prima (Dec
      80 words
  • Article
    Unit trusts
    150 10 SINGAPORE UNIT TRU (Managers' prices tar Out The Commerce 2.37 The Saving Fund 1.4 S pore Prog Fund 1.08 S'pore Sec. Fund 1.97 S pore Invest Fund 1J 8T 2.52 1.58 1 14xd 2 09 1.48 INCOME BOM (Carrest prl Income Bond MABA BI MIPtT EtUNIT lees) 107
    150 words
  • Article
    SHARE INFORMATION SERVICE
    2475 10 1974 High Low Company Last Sale +arGr'i Dfrr Dhr Ctt Or* YH Not P/E Vol Day C8M) Higk Low SECTION ONE INDUSTRIALS 272 238 178 219 275 111-. 278 328 248 66» 132 123* 112 133 195* 80* 182 173* 140* 258 Ac ma Alcom Allied Choc
    2,475 words
  • Article
    In Kuala Lumpur
    1787 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. MOUSTBtALS Aama 45.458). A|tna«nata (J.TIB 2.908). Ataani (2.01 V) <•) 2.00 43)
    1,787 words
  • Article, Illustration
    Gains seen across a broad front
    748 10 PROM all Mctuti yesterday's trading 11m Stock Exchaage sf Stagapore, It wnM appear that the market is boaaetag back after aheat six weeks of almwt eoattaams deetiae. Galas were recorded a wMe fraat wttk seme evideaee of tradtag activity spreadtag eat as the kalis
    748 words
  • Article
    KLSE shares slightly higher
    506 10 IMPROVED trading on the Kuala Lumpur stock market yesterday saw prices closing marginally higher. The better sentiment, however, attracted moderate profit-taking in the last stages of trading to push prices off the day's best. Brisk trading activity during the first session brought prices forward by a
    506 words
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  • COMPANY NEWS
    • Article, Illustration
      Eu Yan Sang rise near standstill
      378 11 GROWTH at Eu Yan Sang Holdings came almost to a standstill in the first-half of the cuirent year with group pre-tax earnings edging a mere 3.3 per cent higher to $496,191. Group turnover during the period to June 30, 1978 actually slipped 1.9 per
      378 words
    • Article, Illustration
      The taller, the better
      133 11 DINLOP Malaysia Industries Berhad (DMIB) has installed a 36-metre high self-supporting chimney at its tyre factory complex at Petaling Jay a t* combat ill-effects of pollution oa the environment. Weighing 28 tonnes aad costing Ms7B,Mt the 1.5mctre diameter chimney was constructed in view of environmental experts'
      133 words
    • Article
      DIVIDENDS ANNOUNCED
      478 11 Current Ex Books Date Total for Total for Payment Date Close KLK Deb •jyr Int. Oct 6 Oct 18 Oct 25 Temerioh 12% Oct 6 Oct 18 Oct 25 12% 11'i Alcom 6% I Sept 27 Oct 7 Oct 27 6% 15% S. Finance 9% Oct 10 Oct
      478 words
    • Article
      SCRIP ISSUE
      228 11 Company Particular* Ex Date Books Close MBS Bonus Issue of 1 for 5 Oct 16 Oct 26 Harimau Rights issue of 1 loan stock for 2 ord .shares Oct 17 Oct 24 Rothmans Bonus Issue of 1 for 4 Oct 16 Oct 26 Carlsberg Bonus Issue of 1
      228 words
    • Article, Illustration
      Sime confident of further growth in its earnings
      1179 11  -  FINANCIALLY HEALTHY By MANO SABNANI SIME Darby Holdings is brimming with confidence that the current year ending June 30, 1979 will be another year of growth and development for the group. Chairman Tun Tan Siew Sin says in the company's 1977 78
      1,179 words
    • Article
      Exchange queries Paper Products on proposals
      486 11 PAPER Products (Malaya) has been asked to provide additional information to the Kuala Lumpur Stock Exchange i-egarding its recent announcements to rationalise the group's operations. Last week. PPM released a package of proposals intended to improve its overall position. Included in this package is
      486 words
    • Article
      Interest warrants for UMW loan stock holders
      182 11 INTEREST warrants for holders of 19 million United Motor Works (M) per cent convertible unsecured loan stock *****960 for the payment of interest for the period May 1 to Oct 31 will be despatched to loan stockholders on Oct 28. In a statement
      182 words
    • Article
      COMPANY MEETINGS
      151 11 SINGAPORE Finance Lid: AGM to be held at 45-47 Robinson Road, Singapore at 12 noon on Oct 25. Mega Chemicals Bhd: AGM to be held at Wisma Mega, 2nd Mile, Jalan Batu Tiga Lama, Klang, at Lla.m. on Oct 26. Khong Gum Flour Milling Ltd: AGM to be
      151 words
    • Article
      Malaysiam Tin sees 75 pc jump in profit
      368 11  -  By SUSAN THAM UK-INCORPORATED Ma laysiam Tin Limited, which is engaged principally in tin mining under tribute in Malaysia, \*as able to benefit substantially from the increased output and higher tin prices realised last year. Pre-tax profit of the company rose nearly
      368 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      344 11 OVERSEAS UNION SECURITIES LIMITED Issue of 12,500,000 Ordinary Shares of $1.00 each at par The Directors are pleased to announce that at the close of the application list at 12 noon on 23 October 1978, total applications received for the 11,250,000 shares available for public subscription amounted to S9O million
      344 words
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  • Article
    American investment mission due here
    428 12 A US investment mission will be in Singapore next week to examine the investment climate in the Republic and other Asean countries. The mission, under the auspices of the Overseas Private Investment Corporation (Opic), will be in •Singapore from Nov 1 to 5. Although their
    428 words
  • Article
    Lock icon Huge loan for Brazilian steel enterprise
    483 12 AFP. A CONSORTIUM of 22 Japanese banks and a Japan-Brazil-Italy steelmaker group have signed an agreement on a huge •US$7OO million (Ssl.4 billion) loan for the joint venture's mill, the biggest coastal steel plant in Brazil. The bank loan will be extended in three
    AFP.  -  483 words
  • Article
    Lock icon Fed will approve NY banking zone
    109 12 Reuter. CHEMICAL New York Corp chairman Donald Platten said he expects that the Federal Reserve Board will ultimately approve the proposed free trade banking zone for New York City. The proposal is currently before the board, following the New York state legislature's approval earlier
    Reuter.  -  109 words
  • Article
    LONDON STOCKS
    698 12 LONDON, Tues. Share prices closed little changed from overnight levels today, after early small gains were generally erased, dealers said. At 3 p.m., the Financial Times index was up 0.2 at 495.8. Closing middle prices of selected stocks, excluding stamp duty, were: TIN LONDON. Tues. Morning officials: Spot
    698 words
  • Article
    Lock icon LDCs to raise more on European market
    228 12 Reuter. DEVELOPING countries are likely to remain the major borrowers on the commercial Euro-currency market this year despite paying more for their loans than industrialised countries, a United Nations report said. Developing countries are expected to raise US$22 to $23.5 billion (Ss47 to
    Reuter.  -  228 words
  • Article
    'Wales' goes offshore in Singapore
    338 12 SINGAPORE will soon have its first Australian offshore bank. The Monetary Authority of Singapore has granted an offshore license to the Bank of New South Wales, which will begin operations early next year. Announcing this yesterday, Mr. Robert White, the bank's chief general manager, said
    338 words
  • Article, Illustration
    Recovery of US dollar in the hands of holders
    467 12  -  By COLIN CHEE THE US dollar is undervalued against the world's major currencies but it is not likely to recover until confidence in its strength is restored among dollar holders. The problem is basically a psychological one. said Mr. Gabriel Hauge,
    467 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      132 12 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 *****.000 1 month 5V2% p.a. 3 months 5%% p.a. 6 months 6% p.a. 9 months 6% p.a. 12 months 6%% p.a. Savings 4¥«%p.a. We
      132 words
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      Page 12 Advertisements Column 2
      188 12 If you are only covered against loss or damage by fire, who is protecting your profit, your staff and your business? m i 111 >s9 i The Overseas Assurance Fire and Consequential Loss Policies for businesses. Most businessmen have taken the elementary precaution of obtaining fire insurance coverage. But comparatively
      188 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Badly damaged
        56 13 THE 8,200-ton Taiwanese freighter Good Harvest, carrying sugar from Indonesia to India, was badly damaged when it hit a reef outside Colombo harbour on Sunday. The ship had sprung a leak after it left Goa and was coming into Colombo for repairs. The 10,000-tonne cargo of sugar was
        56 words
      • Article
        Freighter sinking
        82 13 AN INDONESIAN freighter with 28 Indonesian seamen onboard was reported listing and sinking in Bashi Channel, about 610 km east/southeast of Hongkong. Hongkong's marine department said the 2,772tonne Apollo 1 was on its way to Kaohsiung, Taiwan, from Indonesia with a cargo of timber when it started listing.
        82 words
      • Article
        Ports at a standstill
        91 13 TRAFFIC at the main French ports is seriously disrupted by a strike called by dockers and seamen. The dockers stopped work on the basic issue of wages while the seamen were protesting against low wages paid to foreign crews on French ships. First reports indicated that
        91 words
    • Article
      Underwriters caught in difficult straits
      945 13  -  By RAHIM KASSIM MARINE underwriters in Singapore are growing increasingly alarmed over the recent spate of sinking ships. These have cost them an estimated $22 million in cargo claims. More than a dozen vessels carrying cargo to or from Singapore have been reported to have
      945 words
    • Article
      INDEX
      489 13 S«pp*«* P*S® CM. Aconas ra 2 ACS n 5 Afea IV 2 Alpac IV 5 ANL i 1 APL ra 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 ra 3 Ben EAC
      489 words
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      FEFC to increase its CAF from Friday
      158 13 THE Far Eastern Freight Ceafereaee (FEFC) uaeaaeed yesterday aa iarreaee la the Siagapere/ Malaysia currency adjustment factor (CAF) frem tli per eeat to per ceat, effective frem Friday. Ills faitows a review eI carresey vaiaes aa Oct 17,18 aad 19 which resetted la
      158 words
    • Article
      New diploma course to upgrade local ship management
      456 13 THE SINGAPORE Institute of Shipping Management has submitted a draft syllabus for a diploma course in shipping management to the United Nations Escap office in Bangkok. This is the latest development in the Institute's determined attempt to upgrade the level of professionalism
      456 words
    • Article
      NEW ANSC RATES
      55 13 THE Australia Northbound Shipping Conference has said it will raise its Australia to Japan Korea bunker surcharge to 5.18 per cent from 5.11 per cent on Nov 1. On the same date. It will lower its Australia to the Philippines, Hongkong and Taiwan surcharge to 8.45 per
      55 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3730 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 of
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      The Consortia
      123 17 The major shipping consortia operat- 1 ing 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
      123 words
    • Article
      Container Schedules
      1201 18 IMPORT FCL CONTAINERS EX CONTAINER VESSELS AT CONTAINER TERMINAL 2ET Vessel's Voy Date/Time Of Date/Time Mode Of Name No. Completion Of Store Rent Operations s Discharge Due Varda 26E 14.10.78 (f, 0355 17.10.78 fe 0700 vc HK Express 32/478 14.10.78 <a 0027 17.10.78 fe 0700 VC Nedlloyd Dejima
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      Lock icon Semi-submersible prices are sinking to 'investment' level
      782 18 Lloyd's List. THE SECONDHAND price of semi-submersible drilling rigs has now reached such a low level that a purchase deal can be justified as a healthy investment, according to Norwegian brokers R. S. Platou. They point out that, even with current North Sea
      Lloyd's List.  -  782 words
    • Article
      Lock icon FREIGHTS ROUND-UP
      657 18 AFP FREIGHT rates as reported in London moved further ahead last week as activity increased particularly in the grain trades, with the Chinese and Japanese providing much of the interest in both the single voyage and period markets. In the time section, the Chinese were reported to have
      AFP  -  657 words
    • Article
      Lock icon Mutsu creates ripples in shipbuilding industry
      320 18 FT. A RATHER noisy drama in a corner of South West Japan could have decisive significance for Japan's shipbuilding industry. Japan's first and only nuclear powered ship, the 10,400 tonne Mutsu, arrived at the dockyard of Sasebo Heavy Industries (SSK) in Kyushu for repairs
      FT.  -  320 words
    • Article, Illustration
      SHIPS IN PORT
      328 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Seta war (0500 after Bunga Mas) 19 Kim Ann (1500 after Car Liner No. 1) 33/34 Kimko Stork (0400 after Zak) 13/14 Lica Maersk (0600) 6/7 May Sky (1100) 29/30 Perak (1800) 21 East Protomaehos (1000 46 Song Traly (0600) 27/28
      328 words
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      Lock icon Soviet merchant marine world's sixth largest
      174 18 UPI THE Soviet merchant shipping fleet is expanding at the rate of about a million tonnes a year and with a gross carrying capacity of 20.8 million tonnes retains its place as sixth largest in the world, the official Soviet news agency Tass reported
      UPI  -  174 words
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      466 13 DIRECT DIVERSIFIED DEPENDABLE ,SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pte Lid Tel ***** Harrisons A Croslield Kuala Lumpur Tat: MtHI/l Pemas-MiSC Penang Tel ***** \K I) 1\ I W I \H Orient Overseas Co*dai*t&i Line FU.LT CONTAKRBED SERVICE TO HMKCOni QCVMJD PHI 13W ocvMons u« KTOMKM 12W
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      200 13 f SEALORD ANTAH N UASC UNITED ARAB SHIPPING CO (SAG) L 11 All vessels ***** DWT, 105 TON H .L. Derrick 288 TEU Capacity, Long Length Capability. '■ARABIAN GULF WEEKLY SERVICE! S'pore Loading for BN QUTABAH 16/12 PKelang Dubai (11/11). A Dhabi (14/11). Doha (16/11), a Bahrain (18/11), Damm (20/11).
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      494 13 SEA y a LAND FULL CONTAINER SERVICE TO JEDDAH BOOKING TEL: *****22 Fpf uS Pacrfic. QuM Atlantic and East Canada (Also accepting lor Hongkong Taiwan Japan and Korea) FULLY CONTAINERIZED FAST DIRECT WEEKLY ftartKatong EZ >•* R* Last Asa (Heafkeat M. Mini Hwtiun) Ma* (Tallin. Kate YateMaa. Ikpn Osaka. Sh
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      787 14 Hapag-Uoyd FUIY CONTMOBO) TO EUMK EXPRESS (MHHI TOBMPI fpn PJMMI PM Ma* (MI F<nwala*i 27/10 24/10 13/11 ton* 13/11 5/12 30/11 MeritaSe 27/11 21/11 21/12 17/12 Mwiliilwd 1/12 9/12 3/1 30/12 FULLY CONTMOBO) TO GENOA/TRKTE fpn P. Mm GMM M»iaita 30/10 1/11 22/11 IMiUptm 10/11 12/11 3/12 KUT CONTMOHD TO
      787 words
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      391 14 ES barber blue seoC Fmk US AIUHIK IB ttli I EAST CANADA v« l/l I 22 tm3B 124 tan in Nb 11 F*« 121 Nk 13 F* 12 FSEfI SIX 12-13/12 27-21/ 14-15/12 I 21/12 15-17/12 11-19/12 19-11/12 22-23/12 24-21/12 14-IVI 27 21/11 12-13/12 29-31/11 14-15/12 39-2/12 15-17/12 34/12 11-19/12
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      416 14 EVERGREEN LINE 'EVERGRFEN MARINE CORPORATION, FAR EAST/RED SEA. MEDITERRANEAN SEA EXPRESS FULL CONTANER SERVICE ALSO ACCEPTHG CARGO FOR GENOA. LATTAAIA, BE RUT ALEXANDRIA. BENGHAZI. TMPOLI (LBYA) rpM 'MM tat Sat LMmM fm 1 lb* 11 Nh 14 Mm lIMm 21Nm 8h Ikc IS IM« tt IM* 2J Mm IDK iOk
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      668 14 Everett Lines "BURMESEJjIATIONAL LINE' B.F.S.S.C. Acents hi Malaysia TEPS MALAYSIA Port ReUng Tel (38) 7355 Penang Id. *****/***** rw 9 CMena de Navagacion Intarocaanica d 4 "CHILEAN NATIONAL LINE" (k FM WT/GMU, PBRE CCMM MB HUM WW "a* CCM BaaM M MN|~ IOAOBK FOR OMTAQUL CttUO. MCA, «Wt ANFOFAGASTA. VM.PARMSO
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      625 14 131 SANKYO LINE T8E8Ra..... TMEESTM. SEAB.OOM MKT CMP—AUSTRALIA SERVICE 28/29 OCT M PORT STD, m. 29/31 OCT 2C/2S OCT STD.KL.Ma 5/ S NOV 3/ 4 NOV DHL BROOME. FK 11/17 NOV 13/15 NOV SYD. MEL MB. BANGLADESH SERVICE GBERM ACEMTS CONTAOCR tOOMNC LOAD AGENTS P KEIANC POMNC 11/12 NOV S/iINOV
      625 words
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      326 15 QCL Overseas Containers Limited setnce to tM/awinn: SHGAPORE MM6FILD CONTMO SERVICES, PTE LTD *****1 K LUMPUR CONTMO MOOES *****2. P .KELANG 3SMO6/S PENANG OmflUE MUSTEAD SHPPW AGEJtCfS *2301/3 Australia Straits Container Line MEMO! OF TIC MKO CONSORTING MO COWTMPOWP SERMCE TO/TIOM MBTRAU4 Swire Straits Container Line Swire Straits Container Line
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      1132 15 GRANARD LINE BNE ft KFQIMRE WWWfBOtt EVKSS SONUS WEST BOUO-FMt EAST/IEDfTDKAfCAM M.I.NMNMV.IM-. aTod 'INST 1 TBI MtatlTtiM/MNhM/MM/ iiiwwr'- ir wwfmum- MNM ~'.n mMM MM win Mkc mSS3£2XS/SMI HI MM TIT in* 27 BK riiivESSEt/uSI 1 UTI »i<-liii< 4CCOTM CMMM CAMO '■MM— am mbwi MJO CILLM UMttKL/MMtt/COSBTAMTZA/SMf CT TO MKBBN EAST
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      795 15 nrr> BEN LINE CONTAINERS s£2n£r* COBMBB! S port P MM| 21/11 n/u n/u vu i//u IVU 14/11 u/u 21/11 27/11 21/11 4/12 4/12 14/12 KMC B HAVEN R1 N Ganaaay/Aastna Be H BURG BHAKN 'MM HAVRE SOTO* N Garaany Austria Mw| France MUK 24/11 22/11 21/11 29/11 14/11 17/U 14/11
      795 words
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      Page 15 Advertisements Column 4
      1062 15 1 Scan Dutch V I*:* i i T nan WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA >m*h tro* P Aeiaag -Venal FMAKUCA UM KB KM CUAMtA 27/U |maaa> FIANCISCA VII UMH ii/II umum FAANQSU 19/11 KB NOUTMM (iiMou n/ii wni«M fiancesca l/u wd kui EUWII l/M FUWSCA U/U SIMBM ELFANOtA 11/U MMON Spon
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      Page 15 Advertisements Column 5
      461 15 GUTHRIE BOUSTEAD agencifs THE BANK LINE LTD LYKES ORIENT LINE EXPRESS SERVICE MRECT FROM SMGAPORE TO NEW ORLEANS. MOMLE. HOUSTON, GALVESTON. ALSO ACCEPTMG CARGO FOR BANGKOK. MANLA. TAIWAN. HONGKONG PUSAN AND MP AN PORTS. IOUBt ITttS U**A> KIN* ITMS (tack) fionaiKn MII a Oct 4/1 No 22, 13 Mm SINGAPORE
      461 words
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      884 16 IW (WA SUEZ bj Cantaam Vctsafa TO EUROPE _f_Kdw l H»«r« H'bwi Bremen R'dam Awerp m.coNTwnl2* Koctato is*. i 7Nm ltHa lffc ?18 1 bS^S 4 2? »E nSwema! n is £it Sk! *i! i** 1*" 2"* 4•* lOTUI CORAL 19W llNnl llk tOk 9 One II Ok 12 Ok
      884 words
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      Page 16 Advertisements Column 2
      895 16 U.S.*./EAST CANADA SERVICE ACCEPT* FOTltt COMIAHKRS ROM ftNBME. P. RELAMG. STOM ln*| tar TOM. CRIMEN. NORFOLK Pwiang BdMjn t Mang Smfaiwir S.O MAOHYA PRADESH MSA 2f SO) 27/20 Oct 20/31 Oct 1/ 2Nm 3/ 5 lb. E.C./GREAT LAKES SERVICE iM*« h>: nonou. *w row, Montreal. TQtoNTo. asmtamla. maon. cmcmo. Penang
      895 words
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      Page 16 Advertisements Column 3
      739 16 NEPTUNE ORIENT LINES LTD 1■ > i *FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAMOISfI) SERVICE POT P Mm S lor S te» fewt Ktotf Brew wtm Ai 1} tot IS tor 17 to* Uln HNh 21 fm II VI '1 ilHllftl flfe, It Mr It tot j 4 toe y>i i
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      632 16 MAI YStAA mtT[*NATtONAI CO**O*AHON BCHMAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SC ANOINAVIA fmtm TUmt *ea* S per* I) MseM 2) Mm 3) Htwi 4) Gta| FtMKOCI SjM a BUM 31/ M 12/11 17/11 19/11 21/11 I—l 4/11 TOT MM l/u 21/11 29/11 a/11 34/11 It/U REOHOVRNR2S/ 11 >/U 14/12 14/12
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      737 16 t INTRASEA (PTE) LTP. .ibfr Hou->f 234E Ofcha'2 Road Smq,i; -< H Tf>if>phon»-< 235-VJ- mcpukkni sot/mi com ami soviet to euro* S pore P WM| fwtn Ua*| tar um»«*o«i a Oct lIM jfc, MTTA «21 <Ca* 4») IMm s^ Mb K la**- HO! Am "H bart UMm l«aa Hbarf (m)
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      234 17 SHIPPING SUMA a COPE NHAGFN 1 LINE EXPRESS SEMI-CONTAINER SERVICE TRANSIT 21 to 24 DAYS r. KdM( r«M( rd»» hm*vi KL MKT 7 l/U 24/11 2/12 21/11 *123 l/U 12/11 11/11 1/12 11/12 12/12 DfftECT SERVICE FOR WOOD PRODUCTS t>n P. Map. Hrapart bfcj soua com *114 25/11 2«/ M
      234 words
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      242 17 MED-AFRICA LINES REGULAR MONTHLY DOtECT SERVICE FROM SMGAPORE TO PORT HARCOURT AND LAGOS (NGERtA) SMGAPORE P HARCOURT LAGOS •MERCURY BELL (BIT 1975) 7 Nav 3 Ik •ANTOHS GiANS H (BIT 1974) 13 Nov 11 Dec •A VESSEL 15 Dec 10 Jan Cmtmm t BmkMA c»|» Mrrict TradM few X dan
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      234 17 ALFRED C. TOIfFER LME REGULAR SERVICE TO HDITERMNEAN V PORTS OF ITALY, SPAM, FRANCE S port P. Ktian( Dttch*t«c Perti m.» OMOUSSIAN MADCN 24 Oct to Pari La Spczu Sjtcrno. Manf atone Naples. Trieste, Venice m.» KSPVM 24 Oct *44*BURDEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP 1 U.K. ACCEPTMG
      234 words
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