The Business Times, 3 November 1978

Microfilm: NL9922
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FTUDAY, NOVEMBER S, 1178 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Dollar slips
      44 1 AFP. LONDON, Thurs.— The dollar fell back after an initial rise in London today, as gold moved inversely. The US currency opened at 1.6275 Swiss francs against last night's 1.585, but it feU back to 1.6055. It also declined against the Deutschemark.
      AFP.  -  44 words
    • Article
      Lock icon $210m Ro-Ro deal
      56 1 AP. HONGKONG, Thurs.— China signed a US$lOO million (Ss2lo million) agreement today to buy eight roll-on roll-off container ships from Kawasaki Heavy Industries of Japan. Under the agreement signed with the China Navigation Co. Ltd., Kawasaki will build five 6,000-tonne and three 12,000-tonne container ships with the
      AP.  -  56 words
    • Article
      Lock icon Business council
      80 1 Reuter. MANILA, Thurs. Top business leaders of the United States and the Asean region have agreed to organise an Asean-US business council to encourage more private investments of capital and skills, it was announced today. Mr. Fred Elizalde, president of the Confederation of Asean Chambers of Commerce and
      Reuter.  -  80 words
    • Article
      Lock icon Mexico stays out
      74 1 AP. TOKYO, Thurs.— Mexican President Jose Lopez Portillo said today his country has no intention of joining the Organisation of Petroleum Exporting Countries (Opec) and that in the event of another oil embargo Mexico would honor its export contracts. He said Mexico respects the spirit of Opec
      AP.  -  74 words
    • Article
      Lock icon Saudi oil move?
      52 1 Reuter. KUWAIT, Thurs.— Saudi Arabia may step up its oil production to 11 million barrels a day to make up for any shortage if the strikes in Iran oilfields are prolonged, the daily Al-Qabas newspaper reported today. Saudi crude production, at present, averages 6.93 million barrels a
      Reuter.  -  52 words
    • Article
      Lock icon Gas plant blaze
      66 1 UPI. TEHERAN, Thurs. Fire damaged a liquefied gas plant in southern Iran's strike-bound, oil-rich region today as a deployment of the army failed to restore production and export of crude oil and gas halted since Tuesday. The fire which swept the plant 40 km from the Aghajari
      UPI.  -  66 words
    • Article
      Keppel contract
      47 1 KEPPEL Shipyard has been awarded a $7.5 million contract to repair six vessels for the Soviet Sudoimport. The vessels are five fishing factories and a whaling factory belonging to Sudoimport. The contract was signed by Mr.Loh Wing Siew, general manager of Keppel Shipyard, in Moscow.
      47 words
    • Article
      Lock icon Dow Jones
      39 1 AP. NEW YORK, Thurs.— A wave of selling cut into investor enthusiasm for the Carter Administration's strong pro-dollar stance. The Dow Jones industrial average of 30 industrials was off 2.86 to 824.93 in the first halfhour.— AP.
      AP.  -  39 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      133 1 Rises Most Active bland A Pen 9 T P 1*75 344 710 12 -*-10 P Elect UOL 917,000 etc 570 +10 424.000 MTC 440 +8 S Darby 277,000 Int Wood 168 +8 St Trading 135 000 G Ceramics OCBC 218 875 +8 +5 +5 Total Turnover :3.90m
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    • Article, Illustration
      In Kuala LumDur
      150 1 Rises Most Active Min Sec 500 12 S Darby 170.000 Toshiba 480 10 H Par 123,000 M. Textile 066 06 M Credit 103.000 Pan-Elec 178 06 UOL 98 000 L. Perak 286 06 Total Turnover: 1.70m S. Lumber 140 +05 Total Value: M$4.47m Falls Indices Berjuntai 750
      150 words
  • Article, Illustration
    Sime chief rips lid off the affair
    1583 1  -  LONG LEGAL BATTLE AHEAD? By QUEK PECK LIM in Kuala Lumpur IN A DEVASTATING defence of Sime Darby Holdings' decision to change auditors, chairman Tun Tan Siew Sin yesterday scuttled any chance of reconciling the breach between the group and its incumbent auditor
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  • Article
    Lock icon PRICES HIGHER
    200 1 Reuter, AP. WHOLESALE prices in the United States increased by 0.9 per cent last month for the second month in a row. giving little hope for lower consumer prices soon, the Department of Labour said. A spokesman said last month's increase left wholesale prices of finished goods or
    Reuter,; AP.  -  200 words
  • Article, Illustration
    Shiprepairing here will lead world recovery
    695 1  -  By RAHIM KABBIM SINGAPORE'S shiprepair industry will boom in the second half of the ***** and its recovery will be two or three years ahead of the general world recovery in shipping. The next decade, in fact, will place Singapore in the forefront as
    695 words
  • Article
    Hundred million $ on tail of Grand Central shares
    251 1 Hundred million on tail of Grand Central shares MOKE thaa a hatred mllllea Mian are dailag the hn iri i half Graad CeatraJ altered to the paUte reeeatly. Halted Chase Merchaat Bankers, the sadtrwriltis ef the Issae, laamrri that at the etoee ef ippflnHin at aeea yesterday, a total af
    251 words
  • Article
    HK Land to set up hotel in Singapore
    504 1  -  By RONNIE LIM HONGKONG'S largest property concern, Hongkong Land, is now eyeing the Republic's lucrative businessmen-tourist trade with the intention of developing a.hotel here to tap potential "pay-offs'" from its growth. This appears a rational move, coming not too long after the
    504 words
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      Page 1 Advertisements Column 1
      22 1 maw SAFE WITH AN ITOKI SAFE MOS madmks smßwwnt iia. «*um Mac* Hour** Man MMk M, S""gaeo»a11 Tat 2JJIJM CaWa MAMCSTEMS 3m«WO»
      22 words
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      Page 1 Advertisements Column 2
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      91 words
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      Page 1 Advertisements Column 3
      80 1 NEDS SHIPPING TIMES keafeehe ti MJWGIIT WUmm Mil* INT. mm* Pnte* mm. A®dui ni&rl&ct Btr#nfflv BANK Baml Day. sets >p 11 Siag»p»re sfflce 3 CARTER sMthes headache «f THE US 1179 recewrtwi pMer..... 1 here 12 PORUM: Pitting IXU- BANKERS whe get their fta- formula 7 gen burnt jg MEMOPAD
      80 words
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      Page 1 Advertisements Column 4
      205 1 Think Big ODS has a big little computer for you the Datapoint 1500 at an accounting machine price. (P.S. We also sell Dig medium and big big computers). i i r it The Datapoint 1500 System is designed to adapt to your business needs. Like the other processors in Datapoint's
      205 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Leading UK company is bullish on Malaysia
      265 2 DR. D.W. Livingstone, deputy chairman and managing director of Albright and Wilson Ltd, one of the world's leading companies based in the United Kingdom, says his company views Malaysia as a strong potential area for investment. Dr. Livingstone, who arrived in Kuala Lumpur
      265 words
    • Article
      Lock icon Pohai oil development accord worth $4.2b
      1093 2 AP. CHINA and Japan hope to complete a US$2 billion (554.2 billion), eight-to-ten-year agreement next month for joint development of a large new oil field in Pohai Bay, just west of the Korean Peninsula, according to Japanese sources. The two have also begun talks
      AP.  -  1,093 words
    • Article, Illustration
      MORE FOR FUND
      149 2 THE latetital Aeddeat RcM Pud reeelved Ite latest imltw yesterday a mud af fIIMM frwn the Heag Lesag Onap. 1W ehalrtnaa, Mr. Kmk Haag Pag (at right at ptrtmre) pretested the eheqae to the Mtototor af State (Laheer), Mr. 8U lal Hal, yesterday wflag The Battel Faad
      149 words
    • Article
      Lock icon Taiwan-S.Korea race hots up
      640 2 UPI. SOUTH Korea and Taiwan are locked in a race for supremacy in commodity exports during 1978. As at the end of September, it was almost a dead heat, with Taiwan nosing out South Korea U558,967 billion to $8,951 billion. Taiwan's performance this year has been
      UPI.  -  640 words
    • Article
      MEMO PAD
      389 2 COURSES AND TALKS Oct 16-Dec 18 (every Monday): A detailed study of reinsurance and its role in the conduct of insurance business, SITC, SITC. Oct 25-Nov 17: Business law, SIM, SIM Oct 31-Nov 9: Introduction to organisation and methods, PSA, PSA Centra] Training School. Nov 2-14: Personnel guidelines
      389 words
    • Article
      Pact accords Pyongyang KL favoured treatment
      295 3 MALAYSIA and North Korea have initialled a trade agreement giving each other most-favoured-nation treatment. This would be in terms of customs and excise duties and formalities, and issuance of import and export licences Malaysian Deputy Minister of Trade and Industry Datuk Lew Sip Hon
      295 words
    • Article
      KL starts a more rational land policy
      155 3 THE MALAYSIAN government will no longer allot large tracts of land to individuals except to government agencies and other organisations, according to Land and Regional Development Minister Tan Sri Kadir Yusof. He said yesterday in Kuala Lumpur that indiscriminate giving of land would
      155 words
    • Article
      Bumi Daya sets up office here
      361 3  -  A STAGING POINT By COLIN CHEE WITH the opening of a representative office here earlier this month, Bank Bumi Daya becomes the third Indonesian bank to be officially represented in Singapore. The other two are Bank Indonesia (Indonesia's central bank) with a office, and
      361 words
    • Article, Illustration
      COP PROBES DIESEL POWER AT PERKINS
      267 3 A SENIOR Malaysian puiice officer is at wsrk at Perkins Engines, Peterborough, England bat he will not be investigating any crimes. He is more interested in nncovering the facts a boat diesel power. Assistant Superintendent Abdul Malek Hamid of the North Division marine police
      267 words
    • Article
      Lock icon Eight-month Thai trade deficit jumps
      267 3 Reuter. THAILAND'S trade deficit during the first eight months of 1978 increased to US$9l4 million from $628 million during the corresponding period of last year, the National Economic and Social Development Board (NESDB) reported on Wednesday. During the period under review, Thai exports totalled $2,613
      Reuter.  -  267 words
    • Article
      SAS hopes to fly to Peking next year
      104 3 SCANDINAVIAN Airlines System (SAS) hopes to start flights to Peking next year, a senior airlines official said on Wednesday. Mr- Frede Eriksen, chief of the airline's Danish region, said there is a strong demand from businessmen for a direct connection to the
      104 words
    • Article
      Lock icon SRI LANKA OKAYS 46 PROJECTS FOR ITS FTZ
      197 3 AP. THE GREATER Colombo Economic Commission, which runs Sri Lanka's free trade zone, announced on Wednesday the approval of 46 industrial projects involving nearly US$lOO million (Ss2lo million). Commission chairman Upali Wijewardene said more than half a dozen factories are under construction.
      AP.  -  197 words
    • Article
      Bumiputra fund gets $1m-a-day applications
      376 3 THE 10th Bumiputra Investment Fund of the Amanah Saham Mara Berhad (launched on Oct. 24) has received applications worth MJ7 3 million or about $1 million a day. The original target was to limit the size of the fund to 55 million but the company
      376 words
    • Article
      Co-op launches oil palm project
      404 3 ANOTHER "new iron tier" venture has been launched in Malaysia with the approval of a M 53.75 million loan by the Agricultural Bank of Malaysia to finance 80 per cent of an oil palm project being undertaken by the Perak Malay Forestry Officers Thrift and
      404 words
    • Article
      Lock icon Seoul hopeful of commodity exports
      107 3 AP. SOUTH Korea's commodity exports totalled U5510.23 billion (5J21.4 billion) in the first ten months of thu year, up 31 per cent from a year ago, the Commerce and Industry Ministry reported yesterday. The figure accounted for about 82 per cent of this year s
      AP.  -  107 words
    • Article
      HK lamp shade deal
      94 3 THE GERMAN Association of Lighting Fittings Producers is considering importing metallic lamp shades from Hongkong to be assembled in Germany, a spokesman for the Hongkong General Chamber of Commerce sail yesterday. He was commenting on the visit to the Colon? this **ek of 15 electrical fittings
      94 words
    • Article, Illustration
      FIRST IN ANG MO KIO
      139 3 THE Overseas Ualea Bank's nth branch la Wags pare will ansa tamer raw, at Aag Ms KJe. It Is atae the bank's Mth wafldwtde. TMa la the first eeaunerelal bank ta apea a branch la Aag Me Ue New Tawa. Earlier this year, aaether braach
      139 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      155 2 Everything you need to know about Qantas 7478 schedules from Singapore to Australia London and Europe. 25 departures weekly one stop to London Monday, Tuesday, Thursday and Saturday. '\i «i 5. •t > it FROM SINGAPORE To Amsterdam Wed Sun Athens Tues. Fri. Bahrain Daily Brisbane Wed. Damascus Fri. Darwin
      155 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      126 3 V* vv; A A TVUWUig IIUIU lOJ lK*g3 1 OH I L Jj ll i V i ■J For the man who knows Our stale customers don't need to be shown the best They already know what is the best. They know that Americaya has the finest of imported shoes,
      126 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      675 3 u-on CROSSWORD CRYPTIC PUZZLE ACROSS 4 Come down in flames 7 Dressed in a way figured superior (0, 2) 8 Got up a fund? (6) 10 One girl's scent (5) 13 Large numbers, many obsolete (4) 14 Teresa Richardson's garment (4) 15 Is this girl a spirited one? (4) 16
      675 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      522 4 THE Singapore rubber market yesterday closed slightly higher with November One RSS buyers quoted at 260.75 cents per kilo, unchanged from yesterday's close, dealers said. Morning prices were marked up slightly on afterclose steadiness here on Wednesday and was rumoured influenced by currency uncertainties and the
      522 words
    • Article
      RAS PRICES
      381 4 Prices In cents per kilo yesterday: Noon Cloae (per kilo) (per kilo) Buyers Sellers Buyers Sellers Ini. 1 R.S.S. prompt f o b 258.00 259.00N 257.75 258.75N Ini 1 R.S.S. November 261.25 261.50. 260 75 261.25 Int. 1 R.S.S. December 266.50 265.75 265.25 265.50 Ini 2 R.S.S. 253.50
      381 words
    • Article
      SSR and SMR
      93 4 NOON SSR and SMR prices yesterday: RAM MMi) D irm Rav inrilHk} SSR 20 (eeata P»k«> my (Mi lit par kg) (1-tcm pallet) 242.00 244.00N 244.50 246 50N SSR SO (1 ton pallet) 240.00 242.00N 242.50 244.50N MRELB SMR3CV C 1-ton pallet) 273.00 275.00N 274.50 276.50N SMR
      93 words
    • Article
      Palm oil
      76 4 C.I.K. North European ports. In US dollars per ton unless otherwise stated. LONDON: Wednesday Previous Malaysian 5%ffa bulk per tonne January 620slr 645slr Sumatra 5% (fa bulk October deleted 07Oqtd/ 667' pd November unch 660 650pc" December 040 630pd 652.50s lr January *****Spd 850slr February 820 S25pd 622
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    • Article
      Closing prices
      24 4 Rubber: Nov 2 Singapore: November :260.75cenis (unch) Malaysia November: 262.75 c i EVUSff~"> (up $16) Official offering: 163 tonnes (down 82 tonnes)
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    • Article
      Duty rates
      89 4 THE MALAYSIAN Minister of Finance has fixed these rates (or the period from Nov 1 until further notice: Rafeher: 259 cents a kilo; Capra: M 51,080.95 a tonne; Pain kernel: $955.75 a tonne; White pepper: $4,905.34 a tonne; Black pepper: $3,228.39 a tonne; Ratter: 65 cents a kilo
      89 words
    • Article
      Rice
      186 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne P. 0.8. basis Bangkok) WMIe flee: 100 pet lat class SCO. 100 pet 2nd class 345, 100 pet 3rd class 340. 5 pet 333, 10 pet 310. 15 pet 305. 20 pet 300, 25 pet 256,
      186 words
    • Article
      Produce exchange
      424 4 COMMODITY traders were yesterday thrown into a state of confusion by the sudden upturn of the United States dollar. After the long decline of the dollar, dealers here have generally lost faith in its recovery. Yesterday's dollar rally came following the sweeping measures introduced by President Carter to
      424 words
    • Article
      Coffee
      351 4 IN London yesterday, robusta futures met little buying interest initially. And what business there was centred in the first three trading positions where at end call, gains ranged from £9, basis Spot Nov at £1,562, to £4 basis March at £1,475. Overall price movements at the end of the
      351 words
    • Article
      Soybean
      140 4 CHICAGO soybean futures, battered in late trading by heavy liquidation, ended yesterday down US 17-1/2 to 15 cents a bushel. The market nearly climbed out of the loss column briefly in morning dealings but dropped sharply again on trader disappointment when the firming trend stall, ed. Brokers said heavy
      140 words
    • Article
      Aluminium
      38 4 ALUMINIUM in London yesterday advanced by £3.5 per tonne for three months on trade buying with lower sterling against the dollar and a drying up of the selling aiding the tone dealers said. Turnover was 1,550 tonnes.
      38 words
    • Article
      Straits tin
      308 4 FIRMER London advices coupled with reduced tin supplies encouraged the Straits tin market to another high at M 52,081 yesterday, dealers said. The tin price rose a further H6 to stand $381 above the International Tin Agreement ceiling. Active market conditions were prompted by the higher London prices
      308 words
    • Article
      Hongkong Comex
      199 4 Dec 06.00 70.00 60 50 85 Mch 68 50 28 70.10 71J8 May 70 00 7100 73.«Blr Jly 71.00 73.30 75 OQslr Oct unq unq Tsne: Easier IMal BUm: T (prev I) THE SUGAR futures yesterday closed about US 0.10 cents lower in continued dull trading, with turnover
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    • Article
      Cocoa
      86 4 IN London yesterday, terminal cocoa fluctuated somewhat irregularly in light Jobber activity to close the morning, mostly £13.50 to £19 higher on balance. Turnover totalled 842 lots including two March call options and 156 lots crossed. Values had opened at an average £7.50 per tonne advance against New York
      86 words
    • Article
      SPOT PRICES
      185 4 YARN and cotton in Hongkong dollars. spot ex-godown. Csttaa yam: Chins Blur Phoenix 20s 2.110, 32s 2.T10. tts 2.930 (per bale of 800 lbs). PlM* gaads: China Butterfly and Globe brand unq; Dragon Head unq. Five Lambs unq; Flower and Butterfly unq; Flying Geese unq (per piece 3t
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    • Article
      Sugar
      93 4 IN London yesterday, raw sugar futures opened CO. 10 to £0.65 per tonne higher although just below higher overnight kerb levels. Prices were inclined to softened in thin open trading. Dealers said sentiment was bearishly influenced by the emergence of India as a seller of upto 60,000 tonnes of
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    • Article
      Zinc
      42 4 LONDON zinc ended Wednesday £2 per tonne up for cash and £1.50 higher for three months. Values after early afternoon hesitancy following the wide fluctuations of sterling against the dollar, fell back from higher morning levels under light profit-taking and liquidation.
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    • Article
      Wheat
      134 4 CHICAGO wheat futures shot out of the loss column at midsession on Wednesday to post gains of 1/4 to two cents a bushel. The market's ability to reverse opening losses as great as six cents is a sign of impressive underlying strength, broken said. The advance came on heavy
      134 words
    • Article
      Copper
      301 4 COPPER wirebars were mostly £6 per tonne down in London yesterday, reflecting the trend in bullion markets which offset the influence of weaker sterling against the dollar dealers said. But' after easing in the early pre-market, prices showed little change as moderate buying selling in the ring was fairly
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    • Article
      Silver
      118 4 THE HONGKONG silver futures market yesterday closed at HKJ276.50 per 10 ounces, unchanged from yesterday, in continued sluggish trading. Dealers said the fixing price remained at HK5276.50. On the LONDON Metal Exchange, silver lost 4.1 to 4.2 pence per troy ounce, after meeting liquidation and stop-loss selling prompted by
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    • Article
      Gold
      379 4 THE KHOBAR in Singapore opened at 5515,747 yesterday and closed lower at $15,500. The high and low were 5H5.798 and SSISJOO respectively. Tie market was was nervous with fairly active trading. The London spot gold market opened at U*****.50 223.50 and closed steadier at U*****.20 2a0.30. The high and
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    • Article
      Lead
      21 4 IN London yesterday, lead ended the morning ring £2 up for cash and £1.75 per tonne down for three months.
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        431 4 THE US dollar continued to rally against the world'* major currencies on the foreign exchange market yesterday. The rally, however, was more subdued with traders in the market nervous and uncertain. Opening at a wide 186.00/ 187.00 against the yen, the dollar later moved to 187.00/ 50 to
        431 words
      • Article
        Asian $ rates
        178 4 Asian rates ASIAN currency deposit interbank rates as at close on Nov 2: U8 DatUr*(8po<) Offer W 7days 8'. 8'. 1 month 105/18 10 a/18 2 months US/18 113/18 3 months 1111/*****/18 6 months 12' 12 9 months 12'. 12 12 months 12'. 12 Dm. (HU4L rill l month 3
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      • Article
        Discount
        54 4 Range of prices offered by diacotiat houses on Nov t Overnight 3 to 3 r Call deposits S Cktiaf BayiagMfeg 3 month Treasury bills 3 13/16 3 11/16 3 month Bank bills 6 13/16 6 11/16 3 month CD 7'. 7 6 month CD 7 5/16 7 3/16 Source:
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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 7.5 per cent.
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      • Article
        Zurich
        44 4 ZURICH exchanges closing quotes on Wednesday: US 1.5625-5725 Stg 3.1222-1478 Can 1.3443-3502 Dmk 84.5946-85.0949 Dfl 79.2405-8982 Ftr 36 8235-37 3810 Bfr 5.5585-5971 Dkr 36.8678-*****7 Nkr 31.6162-32.0408 Skr 37 2176-3498 Lit 9.1932-1943 Aus sch 11.9193-12.0031 Port 3.5447 5763 Spain 2.1438-1958 Arg 0.17-29 Yen 0^237-8329
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      • Article
        Australia/NZ
        51 4 AUSTRALIA/NZ exchanges quotes yesterday: US dollar 1.1580 1.1542 Sterling 0.5903 0.5752 Ninety day air mail buying rates: Sterling 0.6111 US dollars 1.1968 Ninety day forward buying rates: Sterling 0.5929 US dollars 1.1593 NEW ZEALAND: Sterling 6.53R 0.5369 US dollar 1.0737 1*0637 Ninety-day airmail buying rates: Sterling 0.5595 US dollar
        51 words
      • Article
        New York
        478 4 THE dollar staged a dramatic rise in hectic trading in New York on Wednesday. This was in response to the unexpected dollar defence package announced by President Carter, dealers said. The dollar closed at or near its highest levels of the day against most major currencies, amid strong
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      • Article
        London
        207 4 THE dollar eased from opening highs in London yesterday in heavy trading, with the US currency at 1.8706/35 marks after opening at 1.8780/90, compared with 1.8500/8700 overnight. Dealers said the dollar's underlying strength followed through from the trend in New York overnight, and in the Far East yesterday where
        207 words
      • Article
        Tokyo
        189 4 THE US dollar (or overnight st 186.00 yen in Tohtyo yesterday, compared with a 188.00 yen opening and 178.80 at Wednesday's close, after heavy central bank intervention, dealers said. Dealers' estimates o( central bank purchases during the day ranged from US$BOO million to close to $1 billion. Turnover was
        189 words
      • Article
        Hongkong
        46 4 BANKNOTES rate, yesterday: US 4.72/4.74 UK 9.40/9 SO Burma IJO IM India IB i ll lartnawii 1 10 1.15 Japan 2.33 2-55 Korea t.H 0.52 Philippines 0575 O K Singapore 114 2.17 Malaysia 2.1J 114 Brunei 2 15 110 Thailand M.N MI Tahraa 1170 1100
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      • Article
        Frankfurt
        42 4 FRANKFURT exchange* opening quote* yesterday: us i am i soo Can 1 CM 00 Si (1740 790 1X192 20 00 Lit 2.21 10 Fir 4190 40 Nkr 37 .05 Bfr con tH 40 Blr mi 0.14 0 10 Yen ***** 90
        42 words
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      Page 4 Advertisements Column 1
      100 4 •A-' f W.S" p j •j'j ;..r LaM*» s-. MM* t ,xr hi **f 'SsWMRRj« s I MB ""•hn W*k <" J* CANADA "QUEEN ELIZABETH TOWERS" 200 Luxury Condominiums in the centre of Ottawa, capital of Canada. GUARANTEED NET CASH INCOME 6% ON YOUR INVESTMENT FOR 5 YEARS Pricts from
      100 words
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  • OVERSEAS
    • Article
      Lock icon A very mean thing to do, Carter tells AFL-CIO head
      621 5 Reuter. President Carter rejected American Labour Federation's president George Meany's call for mandatory wage-price controls, calling such action "a very bad thing" that he has no intention of doing. Treasury Secretary Michael Blumenthal also denounced the idea. But Mr. Meany
      Reuter.  -  621 words
    • Article
      New positions for two in IMF
      244 5 SAUDI Arabia and Spain have taken new positions in the International Monetary Fund. For the first time each will have its own member on the executive board of the IMF, the body that tries to keep the world's currencies stable and help countries in
      244 words
    • Article
      Lock icon Australia to clamp 370-km zone in Antarctic
      244 5 AFP. AUSTRALIA has taken a decision in principle to declare a 370-km fisheries zone around its substantial Antarctic Territories, Cabinet sources said yesterday. But although the decision was apparently taken some weeks ago, there is no intention of announcing it while the Antarctic
      AFP.  -  244 words
    • Article, Illustration
      COOKING UP A DRUG AGAINST NODULE WORM
      180 5 AUSTRALIA bi been selected far a major role la a World Health Orgudntlea (WHO) hid ta combat a disease whieh affects ahaat 31 miJJlea peapie la eqaatarlal Africa and Central America. The disease is caused by a aadaie warm (oachacerca volvulus) which pradaces
      180 words
    • WORLD IN BRIEF
      • Article
        Lock icon 50-50 CHANCE OF RECESSION
        565 5 Agencies. CHANCES of a recession in 1979 have climbed to 50-50 following the hike in the prime rate to 10.5 per cent, a Chase Manhattan Bank economist in Washington said on Wednesday. Mr. Michael Evans, president of Chase Econometric Associates, a subsidiary of the New York
        Agencies.  -  565 words
    • Article
      Lock icon BP halving its Iranian oil supply to Japan
      1023 5 Agencies. A MAJOR international oil company, British Petroleum, notified Japanese refiners yesterday that it will cut by 45 to 55 per cent its Iranian oil supplies contracted with them for the October-December period, industry sources in Tokyo said. British Petroleum also said
      Agencies.  -  1,023 words
    • Article
      Lock icon Package likely to see Callaghan through to 1979
      764 5 NYT. BRITISH Prime Minister Callaghan's minority Labour government appeared to have assured its survival into 1979 on Wednesday with a legislative package designed to win the support of three splinter parties. The Labour programme was set out in the speech read by
      NYT.  -  764 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      751 5 ARRIVALS Service Local Operator Number Time From GIA GA90O 1030 HLP SLA SQ911 1035 SFO/HNL/GUM SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL GU GA944 1055 PKU GIA GA908 1100 MES PAL PR501 1125 MNL GIA GA982 1200 HLP SN SN287 1200 BRU/DXB
      751 words
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      Page 5 Advertisements Column 1
      59 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -f Call us for vou local or onward reservations C Prestige position Step right in to the biggest furniture showroom in town Open house tor all C j i) QKTHKLM OMCHANO Opening Times Mondays to Saturdays 10 am to 6 30p«n
      59 words
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  • Article
    No easy decision for Sime holders
    604 6 TUN TAN Siew Sin's statements in Kuala Lumpur yesterday were as blunt and devoid of frills as any he could have made. The counter-attack against Turquands is in every way as incisive and as revealing as the arguments put forth by Mr Beaton. But
    604 words
  • Article, Illustration
    Lock icon Out in the cold — Soviet-Japan partnership to develop Siberia
    1706 6  - Out in the cold Soviet-Japan partnership to develop Siberia Despite the sensitive issues of Sino-Soviet rivalry, the logical partner for the Soviet Union's ambitious plans to develop Siberia is Japan, writes DAVID SATTER from Moscow. The most important potential joint project is a gas liquefaction plant. DAVID SATTER FT JAPAN,
    FT  -  1,706 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      214 6 3 'Future Generatlon' i# t less rur f i s IS w u Just don't miss them at the ion Bar while they are here Also on stage to a non stop musical delight Sonny Bala t The New Moongtow* Constellation Lows Tan 3-0 Faridah Josephine (from Philippines) Tel: *****1
      214 words
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      Page 6 Advertisements Column 2
      35 6 The best place to wine and dine in the worlds fourth largest harbou V IWiii f l EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 2536
      35 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      143 6 [WEATHER? i ==a THE SOITH-WEST MONSOON has retreated from all parts of South and Sooth-east Asia and a north-east monsoon has formed over Southern Philippines. However, severe north-east monsoon conditions are unlikely to affect Singapore dnring the next two weeks, although cloudly conditions accompanied by occasional showers may he expected
      143 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      253 6 SINGAPORE 5 1. t r PM Opening announcements followed by Housewives' Matinee The Blind Swordsman with superimposed English/Chinese subtitles A Mandarin feature film Intermission Opening announcements followed by December Bride Lily And The Prowler News in Brief* It's About Time (Last Episode)* Sports Parade* 7.30 News and Newsreel in Malay*
      253 words
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  • Article
    U.S. RECESSION IN 1979?
    1266 7  -  Views from two economists The US government has taken bold steps to strengthen the sagging dollar and fight inflation, partly by tightening the screws 6h credit. But will they Work? And will success come at the cost of economic stagnation? Experts disagree. v v,T he Associated
    1,266 words
  • Article
    STRAWS IN THE WIND
    601 7 A BRITISH-BASED publication, the Middle East Annual Review 1978, offers some truly illuminating insights the West Asian mind. Under the heading "Statistical Piote", it comments: "Arabs and Iranians tend W' feel that the bigger a statistic is, the better it njist be There is also, .particularly
    601 words
  • Article
    Lock icon COUNTER-FEAT SHOCKS THAIS
    566 7  -  How five baht put bankers in a tizz By ALAN DAWSON UPI. IT'S NOT THAT they brought Thailand to its economic knees exactly. But some petty criminals who thought small brought about results that were pretty large for almost all the 40 million citizens in Bangkok not
    UPI.  -  566 words
  • Article
    Inflation in Singapore pinned down to a formula
    951 7  -  [FOBOM r •••On forecasting By JOHN DRYSDALE John Drysdaie is a director of Asia Research Pie Ltd. r I SAW a reference the other day to an unpublished Ph.D. Thesis, produced at the Australian National University by S. A. Grenville, on Money,
    951 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      265 7 New New Japanese Restaurant KIKU^| serving authentic Japanese food lq>f\in >akki lemfxira Shashimi *Suki\ t iki *ShalxjShabu I JAPANESE IVllVti RESTAURANT Of?CHID INN Tel *****2 214 Dunearn Road Singapore 11 Feast at «i» w rr f You "11 team hike royaky fjM at the Rang Mahal. Palace of /iH Coioun.
      265 words
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      Page 7 Advertisements Column 2
      71 7 ORCHID INN 214 Ounearn Road. Singapore Tel: *****2 HOTtL PHOtNIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTtL Coleman Street, Singapore 6 Tel: *****1 RAH-LLS HOTtL 1-3 Beach Roud. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTtL 22 Orange Grove Road, Singapore 10 Tel: *****4 SINGAPURA FORUM HOTtL 585, Orchard Road,
      71 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      32 7 tfnstow Flank Ehcifetis IT Fe£j.To\£e IN R RDSITOI ££S~*XK ux*K1c RKoUND IS Do SOU HPft/t" FOE.UHG OF R S.??2£J5L™)! <*to* 3* sft: mR.j, «s To L IS Kfeep Qukst V \WBH mitem*'
      32 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Market turns bullish
      486 8 TOKYO Source: DBS-Daiwa The market yesterday was bullish centering on export-related Issues, due to news that the yen rate against the dollar recovered to the Yl9O level on US and European exchange markets Pharmaceutical issues also rebounded. Turnover was relatively light, since large capita) Issues were Inactive.
      Source: DBS-Daiwa  -  486 words
    • Article
      Bangkok
      306 8 THE MARKET closed mixed yesterday In moderate trading, with the Book Club Index 0.53 of a point lower at 212.15 points. Bangkok Bank gained 10 baht to 400, Bank of Ayudhaya four to 302, Thai Commercial Bank 30 to 848, Thai Danu Bank 20 to 486 and Thai Farmers
      306 words
    • Article, Illustration
      Lock icon NYSE scores largest gain in history
      1311 8 TOUGH US measures to support the dollar pulled the stock market on Wednesday out of one of Its steepest slides on record and produced a record gain in heavy trading. The D-J industrials had their biggest one-day advance ever, rising more than 35 poind
      AP picture.  -  1,311 words
    • Article
      Frankfurt lower
      243 8 EUROPEAN MARKETS FRANKFURT prices were mainly weaker in a sluggish market, with bourses in Catholic areas of Oermany closed for All Saints Day, and weakness on Wall Btreet depressing shares, dealers said. They said the dollar's recovery and the brighter mood on the domestic bond market were unable
      243 words
    • Article
      Frankfurt
      199 8 NOV *1 Dm Aef-Tetefunken Akao Alls Leben Alls Vera BASF Bay H T W bulk Bay Vbank Bayer BBC BMW Cassella Chem Verw Commersbank Contl Oummi Daimler-Bens Desxma Dema* Deutsche Bank Dresdner Bank Dt Texaco Dyckerhotf ST A BnkaOlanss Oelsenbera OHH Hapac-Uoyd Harpener Hoechst Hoesch Horten Kali Sals Karstadt
      199 words
    • Article
      Zurich
      175 8 NOV *1 Francs Actions Sutssn 260 unch Alusulsae Br ®70 -5 Alusulsae Rag 438 -7 Brown Boren Br 1485 -15 ClbaOeigyBr S10 -5 Clba Oeigy PC 890 -10 Clba Gelgy Reg 568 -8 Credit SuUae Br 21)0 -20 Credit Suisse Reg 410 -S Hektrowmtt Br 1755 unch George Fischer
      175 words
    • Article
      Amsterdam
      145 8 NOV M PU ABN AhoW A*"" 300 SO fU loeio +o.i 27.70 AMEV 03.00 «i* 100.90 +2.8 Amrot Bank S3-.:::::::::: Boil BorsumlJ Burtimann Byenkorf CU*e Delft DeUMlj ...74.M -OJ. 50.00 -1 ...07.70 +#.7 S3, 07.00 *0A 88 SO +.1.S ISO.SO «•>' 112.00 +4,*, Ennla Fokker Port Gamma Odder Qlstbroc
      145 words
    • Article
      CHICAGO BOARD OPTIONS
      1666 8 Nov. 1 CHICAGO Board options exchange volume rose to 213,621 contracts on Wednesday from 180,415 on Tuesday. OPTION JAM APL JIT STOCK Alcoa 40 0 UNTRD NOL 487/8 Alcoa 49 93/4 7 UNTRD 487/8 Alcoa SO 2 3/4 a UNTRD 40 7/8 Alcoa ao UNTRD UNTRD UNTRD
      1,666 words
    • Article
      Sydney
      424 8 STRONO gains by heavyweights BHP and CRA yesterday led the market to a firmer close as Investors reacted favourably to the latest interest rate cut and the strong upturn on Wall Street. Dealers said BHP closed 30 cents ahead at A 58.20 while CRA gained 22 cents to 13.47
      424 words
    • Article
      Lock icon Hongkong
      403 8 Source: SHK THE Hongkong market yesterday failed to respond to Wall St* amazing recovery and the cupport operation for the dollar. Prices opened steady but drifted off throughout the day on lack of support and some mild profit-taking. Blue chips were easier where changed Jardlne down 10 cents, Hutchison
      Source: SHK  -  403 words
    • Article
      Selected Indices
      62 8 FINANCIAL TIMES INDUSTRIALS Wednesday 479.2 Tuseday 478.9 Week Ago 489.7 DOW JONES AVERAGE INDUSTRIALS Wednesday 827.79 Tuesday 792.45 Week ago 830.21 LONDON DOLLAR PREMIUM Wednesday 80 to 801/2 Tuesday71 1/2 to 72 H.K.HANG SENG Thursday 888.35 Wednesday 877.81 Week ago 871.73 SYDNEY INDUSTRIALS Thursday 458 96 Wednesday 452.18
      62 words
    • Article
      Jo'burg
      411 8 GOLD shares were easier In Invest trade across the Board with some sharp losses record reflecting the lower trend in the bullion price, dealers said. Losses ranged up to 350 cents In the case of randfont at 6,350. Mining financial were lower In unison with producers. De Beers was
      411 words
    • Article
      Toronto
      262 8 A RECORD drop in the heavily weighted gold Index of nearly 00 points cut into a sharp advance which drove share prices close to all-time highs on Wednesday. The composite index was up more than 20 points, the third highest dally increase since the exchange began such calculations In
      262 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      252 8 Wfehavea history of making our depositors savings grow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their money grow
      252 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Improved metal markets boost Asarco earnings
      631 9 N.AMERICAN Reuter ASARCO Inc. has reported third quarter net EPS of 34 cents (loss 42 cts) and net profit of |9.7 million (loss $112 million from sales of $315.6 million $230.8 million) The EPS for nine months was 3 cents profit 44 cents) and
      Reuter  -  631 words
    • Article
      Lock icon Conservation of energy hits Con Ed
      152 9 Reuter CONSOLIDATED Edison Co (Con Ed), the giant utility which serves New York City and vicinity .reported lower profits and revenues for both the third quarter and first nine months of the year. A spokesman for Con Ed said of the decline: "we know
      Reuter  -  152 words
    • Article
      Lock icon International Harvester
      30 9 Reuter INTERNATIONALHarvester'Co will redeem its 60 million franc, 5.5 per cent bond issue due in early 1984 M par on Jan 31 next year, t*he stock exchange said.
      Reuter  -  30 words
    • Article
      Telecor agrees to sell Newcraft
      118 9 TELECOR Inc said it agreed to sell its Newcraft subsidiary to the Panasonic division of Matsushita Electric Corp and to completely liquidate. Telecor said it and Panasonic have had further successful negotiations on the purchase by Panasonic of Newcraft, the exclusive western distributor for most
      118 words
    • Article
      Lock icon Allied Artists
      59 9 Reuter ALLIED Artists Industries Inc said its Allied Artists Video Corp subsidiary has begun supplying pre-record-ed video cassettes featuring 100 motion pictures from the company's film library. Allied Artists said it plans to add to the catalogue of new films released by Allied Artists pictures and is also
      Reuter  -  59 words
    • Article
      Johnson posts 19pc jump in profit
      320 9 JOHNSON and Johnson, a leading health care products company, posted a 19.3 per cent increase in its third quarter profit because of a better* performance of its international business. The company posted a profit of 80.4 million dollars, or 1.35 dollars a share, compared
      320 words
    • Article
      Lock icon MCDONNELL DOUGLAS BACKLOG AT RECORD
      232 9 Reuter MCDONNELL Douglas Corp reports third quarter EPS of US$l.lO 76 cts) and net profit $42.62 million 129.30 million) on sales of $1-00 billion 799.3 million) EPS for nine months was $3.02 (12.31) and the net profit was $117.25 mln ($88.70 mln) on sales of
      Reuter  -  232 words
    • Article
      Delfont, Grade in joint film venture
      293 9 EUROPEAN BRITAIN'S rival show business brothers. Lord Grade and Lord Delfont, are going trttO rare commercial cooperation in a joint company for the distribution of films in North America. Film products from Lord Grade's Associated Communications Corporation and Lord Delfont's wing of its film
      293 words
    • Article
      Lock icon Talks on Volvo stake to end next month
      233 9 Reuter OSLO: Negotiations on an agreement between Norway and Sweden, giving the Norwegians a 40 per cent stake in the Swedish Volvo Car Company, are expected to be completed by Dec 8, a communique said. The communique was issued after ten hours
      Reuter  -  233 words
    • Article
      Lock icon Playboy fights tax assessment
      86 9 Reuter HUGH HEFNER'S Playboy empire said it had been hit by a demand for US$l3.6 million in back taxes. Playboy Enterprises said it would fight the tax assessment, which covered the period from 1970 to 1976. The company said it believed the tax returns it had
      Reuter  -  86 words
    • Article
      Lock icon Reed Int'l profit reflects extraordinary cost of £5.2m
      379 9 Reuter. REED INTERNATIONAL have reported that its pretax profit of £40.1 million in the six months ended September was after an exceptional provision of £5.2 million covering the cost of repatriating part of the sale of Reed Nampak in South Africa through
      Reuter.  -  379 words
    • Article
      Toyota Motor Sales revises forecast
      317 9 w ASIAN TOYOTA Motor Sales Company has announced that it has revised downwards its after-tax profit forecast for the 1978 business year, ending next March 31, to about 21.5 billion yen from 24.5 billion yen estimated last May. Toyota said the downward revision follows the
      317 words
    • Article
      Lock icon GM may set up joint venture in Japan
      172 9 AFP TOKYO: General Motors Corp. (GM) of the United States may set up a new Joint venture to produce and sell its automatic transmission systems for heavy-duty vehicles in Japan within several years, a GM executive said here. Mr. James Crow, a
      AFP  -  172 words
    • Article
      Lock icon North BH rejects takeover offer
      252 9 Reuter NORTH Broken Hill Holdings Ltd. (North BH) has held preliminary discussions on a merger with BH South Ltd., but the suggestion did not find favour with the BH South board. North BH chairman Mr. If L. Baillieu said he is willing to reopen discussiona
      Reuter  -  252 words
    • Article
      Lock icon HONGKONG LAND SELLS GAMMON HOUSE
      218 9 Reuter HONGKONG Land Co Ltd and Jardine, Matheson and Co Ltd group unit Sirius Enterprises Ltd said they reached agreement for the sale of Sirius' Gammon House commercial property in central Hongkong to Hongkong Land. No financial details were disclosed. Sirius Enterprises is owned 75
      Reuter  -  218 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      1025 9 SINGAPORE PROGRESS FUND An Extract of the Managers' Report INCOME&GROWTH Manager's Report The Stock Market The period under review began with a dull market moving sluggishly within 265 points shown on the Straits Times Irxfcistrial Index as the continuing bearish spell in overseas markets and international economic uncertainties made their
      1,025 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1026 10 KD and offer pneaa officially bated and Mum mi and reported la the Mack tacbangi af SkMtaore yeotor--1 day vtUi ihe number ofiixaree traded «l»wn m Brykeu In Vxeof I.WO unft® vmm otiMnhn MdfM Aa Time MUeaM Contracts an euoted after the word "am." W*H Boaid deal (in
      1,026 words
    • Article
      Government bonds
      128 10 4 1/2% 1/V9S (290,000) (99.508 99 666 4 V 4% li/VM (250.000) (99.908 100.068) 9% IV4/81 (290,000) (100.108 100.158) RTF 1/im (290.000) (100.198 100.908) 9 V 4% T P 1W1144 (290.000) (102.008) 7% 11/4tU (290,000) (100.SOB 100 968) .7% 1/l/M (290,000) (100.708 100 998) 7 1/4* IVVN (290,000)
      128 words
    • Article
      Stock options
      95 10 BTRIKINO prices of the atock options offlcully listed on the Stock BRhua of MnfipoN. the periods. Ma and offer prices and business done yesterday with the number of options traded shown m brackets. Cold Storage (Dec $2 30) (0.288 0.395) C snd C (Dec *4.40) (1.508 1.555) (1)
      95 words
  • Article
    Unit trusts
    146 10 HNGAPOU UNIT imvn (Me—g«r»' prteee tar Nw 1) The Commerce 2.33 2.47 The Saving Fund 1« 1.56 S pore Prog Fund l.M l Uxd S pore See Fund l.K 2.07 S pore Invest Fund I S 143 DfCOMl <CHI Income Bood MiUOU (MM urn Dvm leas) 1.07 LU
    146 words
  • Article
    SHARE INFORMATION SERVICE
    2472 10 1 itn Bigk Lt» Ceapaay La* Bale +orOr*s Dtr Dtr Crr Qr's Net JT M Vil Day (*888) WfSkl Lew SECTION ONE INDUSTRIALS Jl an 238 178 218 378 111 2-78 324 345 880 132 Aetna 123* Alcorn 112 Allied Choc 133 BAT 195* Bat* 00H Ben
    2,472 words
  • Article
    In Kuala Lumpur
    1645 10 BID and offer prtew officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In braeketa in iota of 1,000 units unteea othferwtse specified. INBUSTBIBS AlmtMt* (2.M8). AMM (1.908 i.ees) (1) i.M o> I.St. AMI N»M
    1,645 words
  • Article
    Singapore Finance replies
    139 10 SINGAPORE Finance (SF) has replied to the Stock Exchange at Singapore's (SES) query regarding its taxation charge for the financial year ended April 30,1978. SF explains that the profit tax for the year is leas than the standard company taxation rate because certain provisions which were disallowed
    139 words
  • Article, Illustration
    Lethargic state caused by lack of support
    724 10 AFTEK taMal drawees la sympathy with Ike Mg rally la Wall B*rwt, Mttthe Stack ftwiay of Plrm tnuHag laaM far M aa haw ar aa dartag tkc marilag sesslea. TVeeeafter, tke tread MitriMt a ocrrectlea. By tke aaaa etoee, hewever, several ekares practically
    724 words
  • Article
    Industrial and tin stocks down slightly
    453 10 SHARE prices were mainly weaker on a sluggish Kuala Lumpur slock market yesterday. Following a firmer opening, there were attempts to boost prices. However, sellers emerged later to.offset the trend. Market sentiment was at its lowest towards the afternoon close with industrial and tin
    453 words
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  • COMPANY NEWS
    • Article, Illustration
      International Wood recovers strongly
      866 11  -  By ARTHUR NG t ~LADY LUCK is smiling once -again on International Wood Products. The company has staged a strong recovery at n<he half-way mark of this current year ending Feb. 28, .I9TO. Against just a 12 per cent rise in sales to 127.12 million, net
      866 words
    • Article, Illustration
      General Ceramics a stunner
      170 11 CONTINUING its .strong profit recovery, General Ceramics Berhad produced an impressive 185 per cent rise in its net profit to MJ594.000 ($209,000) for the first half-year to end June. I" The company's steep increase was fuelled by apparently better profit margins this time as sales improved
      170 words
    • Article
      DIVIDENDS ANNOUNCED
      465 11 Current Payment Ex Date Booka Cloae Date Total for Total for Payable the year Previona year Tronoh Mines YHS(M) Magnum Corpn Auat Anal Chem Ind(FE) A Hitam Tin Genting T Cement T Cement 6% Pref Eaao Ord Eaao Pref M Banking SEACorp Nat Iron Meatakab Rothmana K.Guaa Flour
      465 words
    • Article
      SCRIP ISSUE
      160 11 Company Particular* E* Date Books Close Pub. Bank Bonus Issue of 1 (or 4 NovO Nov 16 Guinness Bonus Issue of 1 for 2 Oct 25 Nov 7 T. Cement Bonus Issue of I for 5 Nov 8 Nov 17 Synthetic Resins Rights Issue of 2 for 5
      160 words
    • Article
      COMPANY MEETINGS
      181 11 TA8EK Cennt BM.: AGMto be held at Tasek Industrial Estate, Tasek Drive.Ipoh at 12.30 p.m. on Nov 4. AertnU Amalgawued lie BM: AGM to be held at Wisma Bunga Raya, 152, Jalan Ampang. Kuala Lumpur at 2.30 p.m. on Nov 6. Malayan Banking Berhad: AGM to be held
      181 words
    • LATEST RESULTS
      • Article
        FABER Merlin Malaysia Bhd:
        49 11 has reported a group operating profit of M 12.96 million (lon >1.27 million) for the year ended June 30 on revenue of $61.68 million (152.81 million). Parent company operating loss amounted to $781,000 (*****2.74 million) on revenue of $3.45 million ($2.89 million). Dividend nil (same).
        49 words
      • Article
        Aokam Tin Bhd:
        37 11 has an- nounced a second Interim dividend of 25 per cent (35 per cent), payable Jan. 5, on register Nov. 24. making 35 per cent (45 per cent) for the year ended June 30.
        37 words
      • Article
        Lock icon Tongkah Harbour Tin Dredging Bhd.
        41 11 Reuter has also an- nounced a second interim dividend of 16 per cent (25 per cent), payable Jan. 5, on register Nov. 24, making 24 per cent (37.5 per cent) for the year ended June 30.
        Reuter  -  41 words
    • Article
      MMC tin tolling move sparks off noisy protest
      1196 11 THE MALAYSIAN Mining Corporation's (MMC) introduction of "tin tolling" on the Straits tin market has caused some disquiet among tin circles. Under the system, the MMC which controls 14 mines and has become the world's largest tin producer, sends its concentrates to
      1,196 words
    • Article, Illustration
      Malayan Banking results bring shares to prominence
      862 11 THE SHARP upturn of 51 per cent in Malayan Banking's group profit on an after-tax basis from Msl7 million to $25.7 million for the year ended June 30, 1978, has highlighted the share's performance on the stock market. The bank's share has appreciated
      862 words
    • Article
      APMC accord on M$100m loan
      240 11 ASSOCIATED Pan Malaysia Cement (APMC) has signed an ageeement for a MSIOO million loan from a consortium of banks led by the Hongkong and Shanghai Banking Corporation (HSBC) to help finance the establishment of a new plant which will more than double its present capacity
      240 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      213 11 The sign of the Kiwi, New Zealand's unique emblem bird, identifies products thai have earned an international reputation for quality, reliability, craftsmanship and durability. See how YOUR BUSINESS can profit from New Zealand-made products at the 'jT pM'JI I mm iUi i r JJ L J .;fi•HI I IMii:IT7 ri
      213 words
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  • Article
    Bankers here got lingers burnt
    182 12 SOME bankers here have incurred losses on the foreign exchange market of as much as $3 million to 15 million between Tuesday id Wednesday when the 4JS dollar rallied against 4he world's major currencies. It is easy to see why. With short positions inore than
    182 words
  • Article
    Bank buys billions
    54 12 Bank of Japan bought US$BOO million M nearly $1 billion (be4ween 551.68 and $2.1 billiqp) on the Tokyo foreign exchange market yesterday adding fuel to the recovering American currency in one of the most sensational sessions on record. The dollar closed trading yesterday at 186.60 yen compared
    54 words
  • Article
    MAIN FUJI TAKERS
    79 12 INSTITUTIONAL investors here have been the main takers of Fuji Bank's recent issue of floating rate negotiable certificates of deposit. The bulk of the Japanese back's US$2O-million threeyear issue is placed in Singapore. The balance is sold in other countries in the Asia-Pacific region and Europe. Launched
    79 words
  • Article, Illustration
    Lock icon Carter's steps salve exporters' headaches
    814 12  -  By COLIN CHEE PRESIDENT Carter's tough new measures to prop the US dollar will not have a dramatic impact on Singapore's economy, industrialists and bankers here say. The Republic, however, could gain from a much stabler international monetary system as confidence in the US dollar
    AP picture  -  814 words
  • Article
    Lock icon Package may trigger recession in US
    747 12 Reuter PRESIDENT Carter's tough package which bolsteredthe sagging dollar and sent stock prices on Wall Street leaping, is a calculated gamble against recession at home. The President's sweeping measures showed America's willingness to accept some basic shifts in domestic economic policy as the price
    Reuter  -  747 words
  • Article
    LONDON STOCKS
    694 12 LONDON, Thurs. Share prices closed lower after initial firmness today, in a continuation of yesterday's Jate rally that followed measures to stem the decline of the dollar, dealers said. At 3 p.m.. the Financial Times index was down by 7.1 at 472.1. Oils eased with Skeil down 7p.
    694 words
  • Article
    RECORD NUMBER OF VISITORS IN AUGUST
    201 12 TOURIST arrivals to Sagapsre totalled WIJU to Asgsst, the highest —level M tor toto year. This iwtowM ftMto torresse J'lf Arrivals hy air aad sea totalled 171,T4&, which thae the eeiiMpni^ 'he highest ■■■>? tfcU||w,■ the day, the heard atoed that 7»,1C vldton sr
    201 words
  • Article
    Khoo faces another four charges
    269 12 CONVICTED lawyer Khoo Hin Hiong yesterday faced another four charges. Three of them are for alleged criminal breach of trust involving (290,409, and a fourth for abetting a false entry in payment vouchers. He claimed trial to all and was released on bail totalling $300,000.
    269 words
  • Article
    Lock icon Aussies want to keep airport links
    367 12 AFP. AUSTRALIA wishes to retain its links with airports in Europe and Asia in addition to its proposed new cheaper tares between Australia and the United Kingdom. This was made clear by the Australian Minister for Transport, Mr Peter Nixon when he opened the
    AFP.  -  367 words
  • Article
    Asian dollar market regains its zip
    352 12 THE Asian dollar market bounced back to life in September after languishing in the doldrums during the previous two months. Last month, the market's total assets shot up by US$l billion to $24.12 trillion. The Monetary Authority of Singapore, in its latest monthly statistical
    352 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      231 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 5Va% p.a. 3 months 5%% p.a. 6 months 6% p.a. 9 months 6 p.a. 12 months 6Vi% p.a. Savings 4%°/op.a. We
      231 words
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      Page 12 Advertisements Column 2
      123 12 Leader...Page Youcanearn a degree from a good American university without ever going to America! Many good American non-resident becheton, en life pendent study or equivalency exams. You do U.S. at all. I am an educational consultant, speA! AIIA l|KJk la> AAA ciaiitmg vn non-rMKMHII degrees. May I air mall you
      123 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Confusion in the market
        83 13 Reuter LONDON TANKER brokers said the reported halting of Iranian oil exports as a result of industrial strikes has caused confusion in the oil tanker market. Most companies are unwilling to take any drastic action before some clarification of the situation emerges. The overall effect on
        Reuter  -  83 words
      • Article
        Lock icon In protest...
        72 13 Reuter CARGO HANDLING ceased in the Port of Brisbane on Wednesday morning when port and maritime unions went on strike for 24 hours. Only three vessels were idle while another two were at anchor waiting for tug crews to resume work before they could berth, said a port
        Reuter  -  72 words
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        Lock icon Bid to end deadlock
        48 13 Reuter A CONCILIATION meeting arranged by the French government in a bid to settle the threeweek old seamen's strike will take place today, a Transport Ministry statement said. The shipowners and seamen's unions had asked the government to try and settle deadlocked negotiations.— Reuter
        Reuter  -  48 words
      • Article
        Increase in frequency
        56 13 THE HONGKONG Container Line will increase its frequency of sailing for its Singapore-Jeddah direct service from fortnightly to every 10 days. Offering a fully containerised service, the new schedule will come into operation lomorrow when one of its six vessels in the run, the Muncaster Castle, leaves
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    • Article
      Battle for west-bound cargo is on
      683 13  -  By RAHIM KASSIM SOME MEMBER lines of the Far East Freight Conference have banded together and adopted "fighting measures" in the battle for west-bound cargo in the highly competitive Far East West Asia run. Besides ensuring better services with reliable and regular sailings, the
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      Lock icon London freight
      107 13 UPI FIRMNESS remained prevalent in both the North Atlantic and Far East trades, particularly where bulker tonnage was concerned. Great Lakes St. Lawrence business witnessed an impressive rate increase when the Francois L.D. secured U5515.25 (5J32.33) (fio) for a total of 25,000-ton shipment to Holland in Nov 15-28
      UPI  -  107 words
    • Article
      INDEX
      482 13 SUpVtag Page CM. Aconas m 2 ACS n 5 Afea IV 2 Auila n 5 Alpac IV 5 ANL i 1 APL m 2 Anhsing n 5 Arya Nat n 5 ASCL ra 5 Angkutan m 4 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben Asia m
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    • Article, Illustration
      Lock icon Glomar on mining mission
      62 13 THE GLOMAR Explorer sailed (rem 8m Pedre, CaUfernia, to tost a sew mlnlsg system abaat 2,4 M km seath-esst st the Hawaiian Islands, sa Sunday. The vessel, eaee used la a secret effert te lift a saakea Seviet sabmarlae trem the eeeaa Hear, will new attempt
      UPI Pix  -  62 words
    • Article
      Call to upgrade technology
      340 13 MARINE engineers were called upon to pool their resources to upgrade the Republic's marine technology through research and development. Opening the two-day Fourth Biennial Seminar on Marine Technology yesterday, Mr Yap Neng Chew, president of the Professional Engineers Board and director of Public Works, said this
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    • Article
      SHIPPING LIST where your ships are due...and when
      4178 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
      4,178 words
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      Container Schedules
      957 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the ShiDDine Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the
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    • Article
      Who acts for whom
      878 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Unipacific. Alpac Line— Intrasea.
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      Lock icon Move to clean up world's dirtiest waterway
      870 18 Reuter THE SEVEN states around the Baltic Sea will soon launch a concerted attempt to clean up their joint waterway, one of the world's busiest and dirtiest. The Helsinki Convention, signed in March 1974 after Finnish prompting and containing detailed antipollution provisions, is
      Reuter  -  870 words
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      Lock icon Brokers assess tanker rates
      65 18 Reuter THE LONDON Tanker Brokers' Panel said the weighted average world tanker freight rates in the period Sept 16 to Oct 15 were as follows: General Purpose Worldscale 165, against 160 in the previous month; Medium Range 122.9 against 122.3; Large Range One 77.3 against 75.1;
      Reuter  -  65 words
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      Lock icon Sharp fall in laid-up tonnage continues
      155 18 Reuter THE SHARP fall in laid-up tanker and combination carrier tonnage continued during October, London brokers Howard Houlder said. At the end of October, 290 vessels of 36,142,718 dwt were laid up compared with 346 of 44,395,963 dwt at endSeptember. The tanker market was
      Reuter  -  155 words
    • Article
      Lock icon Slight recovery in world casualty rate
      100 18 Reuter THE TOTAL tonnage lost by the world merchant fleet last year was 1,073,127 tons gross, 82,982 less than in 1976, but the second highest figure ever recorded, according to Lloyd's Register casualty returns. The number of ships lost at 336 was nine less
      Reuter  -  100 words
    • Article, Illustration
      SHIPS IN PORT
      381 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bristol Marun (after Ibn Bassam) 6/7 Bunga Gelang (0600) 19 Bunga Ray a (1560 after Stolt Sheaf) 13/14 Dolly Skou (after John Bakke)B/9 La Plata Maru (0630) 44 LCT Nego Loader (0900 after Sumber Tunas) 22 Nedlloyd Mame (0600 after La Plata
      381 words
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      377 13 Scan Dutch V Fast and Regular Service To/From N.C. /SCAN IW.MED7U.K. Singapore: Tel. *****1. Port Kelang: Tel. *****1, Kuala.Lumpur Tel*2s121, Penang: Tel. ***** RI) I\ I W I All Orient Overseas Co*iku*ieA Line FULLY COWTMOBED SERVICE TO EUROPE (VIA SUEZ) Sot an leHavre 20/11 22/11 27/11 29/U 5/12 7/12 13/12
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      Page 13 Advertisements Column 2
      117 13 c sa® HI SEALORD ANTAH rm UASC UNITED ARAB SHIPPiNG CO (SAG), All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. m m RED SEA DIRECT Vessel S pore Loading for I MMMJR tedd* (29/11). Hodadih (4/12). Aqaba (11/12) SEAIOKD SHPTM6 ACENCCS (Rtf. to. 242K5/00C)
      117 words
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      Page 13 Advertisements Column 3
      615 13 Nedlloyd Lines Regular Liner Services To/ From All Parts of the World. Singapore: Tel. *****1. Port Kelang: Tel. *****1, Kuala Lumpur Tel. *****, Penang: Tel. ***** MAERSK LINE For U S Pacitic Gull Atlantic and East Canada Also accepting lot Hongkong Taiwan Japan and Koiea I FULLY CONTAINERIZED FAST DIRECT
      615 words
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      841 14 Hapag-Uoyd FULLY CONTAIOBED TO EUROPE S>«t PJU*ag HWx Bliavm Car*gan Bay Rkmttw My a) EMn 4/11 6/11 27/11 29/11 30/11 (5/12) 12/11 14/11 5/12 7/12 8/12 (12/12) 11/11 7/12 9/12 10/12 12/12 20/11 10/12 12/12 13/12 (15/12) 27/11 29/11 19/12 21/12 22/12 24/12 4/12 6/12 28/12 30/12 1/1 3/1 10/12
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      Page 14 Advertisements Column 2
      288 14 £z barber blue ATLANTIC OS Otf 4 CAST CAMOA ooora v« 1/1 I- f lm 1( km H M {■!> >ma 1m 21 £U tmn *24 <■» kill M 3 lm 22 *31 hi 24 *31 lm 27 ftft 11 Fik f 21 Ml) F«k 12 oica ar sr 5-1/11
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      507 14 KUWAIT B. SHAHPUR I RUT CONTAIOSED SOTV9CE Gt mm Mtar to Vm MM* East IWMBTY KRTHNG ft D6CHMGE AT Mi POITS ALSO ACCEPTMG CARGO FOR BAHRAIN AND ABU DHABI KM Kim /mippidg if iPftoino pre. ltd lTt im Tetel KMSPEEO RS ***** -J Tel *****37 *****11 I EVERGREEN LINE (EVERGREEN
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      848 14 Everett Lines 'BURMESE NATIONAL LINE" B.F.S.S C Agents in Malaysia TEPS MALAYSIA Port Keiang Tel (38) 7355 Penanj Tel. *****/***** o ARGENTINE NATIONAL* ME" I Zk 'Srtpcttoa* 4 10MM rtt I lntil Transporttcion Marittma Mcxiona S. A. r 1 "MEXICAN NATIONAL LINE" fm Eisr/mco i conui nci SK 8 10
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      714 14 11 ii I A 3 1 i 13! SANKYO LINE AUSTRALIA SERVICE :»1 cmv mport adelmelsyd t/J*D» 6/ 7 NOV OWN FOE 16/17 NOV 13/15 WW SYD, 111 ■—fin. GENERAL AGENTS comma boonng LOAO AGENTS P KELANG PENANG 13/14 NOV 11/12 NOV CMTTMONK. CHALNA OCEAN SMPPMG 4 ENTERPRISES PTC lID
      714 words
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      757 15 Overseas Bi'H M Containers Limited ccmtamershp soma to i OrrfMto SA. mum somct from w/conmm Kburg Ore* ttum Havre S ton f Mm( S pore Neil Porto: laptfnlH M W faU W Sk lb MLRS dm Itore MM UN UM MM Mri 11 Nr US. TK. KB hritr SM faM
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      890 15 GRANARD LINE GRANARD SHIPPING AGENCIES iS' PTE LTD Tel ???5977t 5 L.nes, AMERICAN PRESIDENT LINES STRAITS EXPRESS CONTAINER SERVICE Loadng fer New Yert, East Coasl and 6ulf ports by Mnlandbndge Los Angeles, San Francisco and Seattle swcapore r. !<■( l A**m ah/gmi EXPRESS CONTAINER/BREAKBULK SERVICE Seattle, Tacoma, Long view, Vancouver
      890 words
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      881 15 FIT*: I CMpoM Mm Km Oytf t*M» BEN LINE CONTAINERS EXTIESS CONTMNER SERVICE TO/FROM EUROPE H BURG B HAVEN ROAM H S pore P Mn| Germany Aostna Antwerp vii «//u 27/ un/ii mn (vu> U/U 14/11 V/ 12 7/12 1/12 (12/ U) l U/U 7/12 J/12 11/12 12/12 I 21/11
      881 words
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      735 15 Scan Dutch V hi in WESTBOUND TO MEP/UK/ COKTINENT/SCANPINAViA FaaP» fci P UH| M Sm 1) IMb Mtai 3) ftq I) CK| aSSa* 1«— kNrt U/ll 11/11 lt/11 a/11 fMKOCI VU WT VU M/ll H/ll IVU WW m—» «/u u/ii ivu vii J/u vu a/ii vu m/u m/u ivu vu
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      Page 15 Advertisements Column 5
      436 15 GUTHRIE BOUSTEAD E c k THE BANK LINE: Lit) LOADS FOR «1 AfIHCA Mwmp. Mk Ei ft i Smn l/ii bk 11/14*. Sp s* EXPRESS SERVICE WRECT FROM SM6APORE TO NEW ORLEANS. MOOLE. HOUSTON. GALVESTON ALSO ACCEFTMG CARGO FOR BANGKOK. MANLA. TAINAN. HONGKONG FUSAN AND IAPAN PORTS. L 11 TO
      436 words
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      798 16 *I"K"line KAWASAKI KISEN KAISHA. LTD. AM SUEZ* 0 KSEAKKI 4N SSBMME 1M NEFTIMC COM! lON CXVU.O MU lM TO EUROPE S tore P Utant I Haere Kbarg ki Pwt 5 NN| 22 NN 24 NN 9Nn 11 NN 29 NN 31 NN It Mm II Nn tDk IDk 23 NN
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      Page 16 Advertisements Column 2
      720 16 0 U.S.A./EAST CANADA SERVICE KCffTR fa/ia CONTAROS FMM PCNANG. P KELANG. STORE im*i iw: m van. am norfou Penang Nm P Um| S~n PRAOESN (NBA 21 SCI) E.C./CREAT LAKES SERVICE tar norfou. Mr ran. north*, toronto. ashtaruu. oetrot. oocaco CALMRNA/PACHC NORTH NEST SERVICE LdoMg tar LOS MRUS. SM FRANCISCO. SEATTLE.
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      817 16 NEPTUNE ORIENT UNES LTD •FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAMERISED port P Um| Sb« Hwi H'bw| Brtßi Rdam UMT OftM UN»|Z7a» 29 Rm 31%, IBk 2Bk ft COM. If Mm UMm 4Ok (Ok llk 9OkII Ik C M* 73 Hm ft Nn 11 OK IJOk 15 BK UOK 17 0K
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      Page 16 Advertisements Column 4
      545 16 r-«H HAI<AYStAN HTtnHATKtNAI SHIPPING COWftATtOH BfKHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/IIK/CONTINENT/SCANDINAVIA 1) Matao. Stockholm (Mo. Mm*. 2) Cop—tuftn Jkarttuv 3) Breroen. 4) Antwerp Amsterdam UK. 5) hsk Bortftau Abe accepting MmmMi carfo U) Hoofkonf t lapao EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT UMm S port P Mun| Penant UoMg M:
      545 words
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      446 16 NTRASEA (PTE) «TD ,ih-" House j4L O'C'M'f! Mo.tc Stcu.i: Telephonf ry.Mi ALPAC LINE SOUTH AFRICA SERVICE S pore P Kefang Penang Laadtag far MV. PARAGON ¥.31 hi Port 4 Nov IS. Durban. MM KRTI* W W yM- M«_ Pi'bettl, CjpttOWl h M.V. KESTAR V.32 21 Nov 30 Nav Reunion/Mafunga Durban/Capetown
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      194 17 -ifGBN FAR EAST- WEST AFRICA SERVICES I CONTAINER SERVICE ETA STORE ETA LAGOS m.n* nam 4D« 30 Dec •J(Aho accepting cargo tor fort Harcourt and Terna) BULK SERVICE (NON-CONTAINERISED) S JOK r KCLANG PtNANG LAGOS Mir WffllOS 30 Nw SUM M) SUBI MD 27 Ok SamtAS T *SU PTE LTD
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      Page 17 Advertisements Column 2
      201 17 g Seatrain Full Container Service to USA FEEKR VSI STORE MOTtCR Wl HK OA* U OAF l/C »««H 7/U Sutrai «/U Icinftw IS/U 3/12 1/12 7/12 H/12 V. US Full Container Service from USA mot** wi i/c air om u m feh» *a store Sukai *»«<•» It/9 2/11 IVM 11/11
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      Page 17 Advertisements Column 3
      184 17 EGYPTIAN EGYPTIAN FLAG INTERNATIONAL LINE: EIL FAST AND MRECT LINER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) STORE PT HQ POMNG PT SAD AL£X Nm2l HN22 numau dk i Ok 23 Ok I 0* II Ott 2J t» lan J GENERAL AGENTS: L.N. SHIPPING PTE LTD Td: *****11 (Sm9«pore) TLX M
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      228 17 NOTICES FAR EASTERN SAB AH, FAR EAST/GULF SEAPORTS MJ. '1-3' •ILSIILKI Currency Adjustment Factor Reference Is made to the Notice In the Press on Tuesday, 24th October, 1978 A review of currency values on 26/27/30 October, 1778 has resulted In a radical upward adjustment of the Currency Adjustment Factor from
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