The Business Times, 12 December 1978

Microfilm: NL9923
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, DECEMBER 12,1VK 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Cheaper rice
      55 1 FROM today, Thai 100 per cent and Thai (broken) rice at all NTUC Welcome supermarkets and Fair Price shops are cheaper by 12 cents a kg. Thai 100 per cent rice is now $5.58 per 6 kg and Thai broken rice $4.96 per 6 kg. The price of
      55 words
    • Article
      Lock icon Welding rod venture
      78 1 AFP TOKYO, Mon. Three Japanese firms, led by Kobe Steel Ltd, will form a joint venture in Singapore to build a 500 million yen (555.5 million) plant producing 370 tonnes of welding rods a month in Jurong Industrial Estate. Kobe Steel said it will have a 62
      AFP  -  78 words
    • Article
      Lock icon Loan for Philippines
      73 1 AFP MANILA, Mon. An international consortium of eight banks has raised a US$25O minimi (SSSSO million) loan for the PhiUpptaeT^ Philippine central bank deputy governor Gabriel Singson said the Eurodollar loan agreement will be signed in New York next month. The consortium members are Manufacturers Hanover, Bank
      AFP  -  73 words
    • Article
      Lock icon Machine tools
      97 1 UPI. TOKYO, Mon. October orders for machine tools, a key indicator to measure industrial activity, fell a sharp 6 per cent from September to 24 6 billion yen (***** million), apparently because firms had foregone new investments, the Japan Machine Tool Builders Association reported today. October's total comprised
      UPI.  -  97 words
    • Article
      Lock icon Scouting for oil
      78 1 AFP. MANILA, Mon. The American firm Mobil Oil wants to join the intensified oil exploration in the Philippines, the Times Journal reported today. Mobil, one of the world's seven largest oil companies, had applied for a permit to scout for oil in Manila Bay and the Lingayen
      AFP.  -  78 words
    • Article
      Lock icon Oil price hike
      59 1 UPI. JEDDAH, Mon. Oil prices will increase by about 5 per cent next year, the Saudi daily, A 1 Bilad, predicted today. In a report from Abu Dhabi where the 13member Opec will convene next Saturday to set prices and policy for the new year, the newspaper
      UPI.  -  59 words
    • Article
      Lock icon Dow Jones
      77 1 UPI NEW YORK, Mon. Stocks were mixed early today amid investor uncertainty about oil prices and concern the nation may be heading into a recession. Trading was moderate. The Dow Jones industrial average, which skidded 4.24 points on Friday, was ahead 0.60 point to 812.45 at around 1600
      UPI  -  77 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      135 1 Falls Most Active Rahman Hyd 570 -60 M Banking 167.000 etc 520 -15 Haw Par 133,000 O C B C 785 -10 S Darby 126,000 S T P 1975 r Si N 755 505 -10 -10 Consplant 48,000 Gentlngs 306 -10 Total Turnover: 2.10m High Low O
      135 words
    • Article, Illustration
      In Kuala Lumpur
      150 1 J. Falls Most Active Hume F"E 168 -31 S Darby 173.000 Oriental 440 -24 Consplant 164,000 Castlefield 1050 -20 H Par 101,000 PMRI 283 -17 M Banking 99,000 N Iron 580 -15 Total Turnover: 1.55m OCBC 780 -15 Total Value: M$4.23m K Sidim Wearnes 215 286 -11
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  • Article
    Bovis holders asked to perform Operation Rescue
    317 1 AILING property and construction, Bovis South East Asia is once again preparing to approach its beleagured shareholders for more money. In an announcement to the Kuala Lumpur and Singapore stock exchanges yesterday, the company said it continues to trade at a loss due
    317 words
  • Article
    Pointed SES reply to M. Grenfell
    738 1 BANK IS 'IGNORED' THE Stock Exchange of Singapore (SES) yesterday issued a strong rejoinder to replies given to its queries by the merchant hanking advisers to Hong Leong Finance in the conduct of the takeover bid for Singapore Finance. As an apparent sign of
    738 words
  • Article
    KL Asean meeting to finalise urea projects
    512 1 A TWO-DAY meeting of economic ministers of Asean in Kuala Lumpur from Thursday will finalise urea projects in Indonesia and Malaysia as Asean industrial undertakings, according to Malaysian Deputy Prime Minister Dr Mahathir Mohamed yesterday. He said the two countries have completed feasibility
    512 words
  • Article
    Thais to supply 90pc of imported rice
    165 1 SINGAPORE next year will buy 90 per cent of its projected rice imports from Thailand on a go vermnen t- to-go vernment basis. This amount, representing about 100,000 to 120,000 tonnes, will be delivered next year, Thailand's Foreign Trade Department's director general Bajr
    165 words
  • Article
    Straits tin price is more down to earth
    288 1 THE Straits til price yesterday piaaged saithfr Ms 49 a pfeai after twe days ef fairly steady tradlag, briaglag the metal's price nearer the Internattoaal Ha Cwadl eeUlag. Casing after last week's depressed perfarmaaee by the iMtel, the preepetts are gaad that
    288 words
  • Article
    M and G retrenches a third of its staff
    496 1  -  By QUEK PECK LIM MALAYAN Motor and General Underwriters (M and G), one of Singapore's largest insurance companies, has retrenched almost a third of its staff. Sources say some 38 people have lost their jobs over the past week in an
    496 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      28 1 a Wiyfbong MAF A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited it ITIOSt Shao H<kjmv Ground Floor. 354 Orchard Ruad. Sinj{a|>«>rr 9 Id *****7.
      28 words
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      Page 1 Advertisements Column 2
      43 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant HEfIRV nnc QGEfUIES PTE. LTD 9 t f N r j ■E f siVjAPOBf rf BRUNEI AGENT RELIANCE DISTRIBUTORS B JALAN CHfcvALIER. BANDAR SERI BfcGA/wA\ BRUNEI TEL ***** uoi tPU
      43 words
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      Page 1 Advertisements Column 3
      18 1 SHIPPING TIMES •ffer to CAPEL hM tottfc to Mateptea mmm tit 1 SOFTWARE b«Mt far 81A 7, STRAWS
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      3 1 SEE PAGE I
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      Page 1 Advertisements Column 5
      113 1 lf-mx COMPLETE COPYMG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPOfcf Tel *****44 (5 Lines) APS ELECTRONICS (M) SON BHD KU*IA LUMPUR Tel Q3-*****0 The perfect Christmas present Perfumes for women fprmen. DADI DAW 7 1 Sinn#' 1 Girl I Uirl r 1$ Bali _r p u >4^ .A airs! i IS
      113 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Penang plans reclamation of land
      294 2 PENANG is to undertake major reclamation works in the next two or three years, Chief Minister Dr Lim Chong Eu said. Details on these works are now being studied, he told members of the Federation of Malaysian Manufacturers, northern region, at their annual dinner at
      294 words
    • Article
      Lock icon BIG TOKYO SPLURGE
      107 2 AFP. DESPITE the recession, entertainment expenses of some Japanese companies totalled a record 2,409 billion yen (5526.4 billion) last year, up 5.9 per cent from a year before. The amount was about 0.54 per cent of the total sales of 422,531 million yen the National Tax Administration
      AFP.  -  107 words
    • Article
      Tokyo allots Singapore 116 places
      318 2  -  By FOO CHOY PENG SINGAPORE is unlikely to make full use of the 116 places offered to her under the Japanese government's training programmes for the fiscal year 1978/79. The Tokyo government offered the places to Singapore through the Japan International Cooperation Agency, following a
      318 words
    • Article
      Strike threat against estates
      154 2 THE All-Malayan Estate Staff Union warns that it will order all its members to take industrial action if the management of United Plantations does not upgrade the appointment of trainees to full-time employees. The union's twelth biennial delegates conference, which ended over the weekend, endorsed a
      154 words
    • Article, Illustration
      ACMA DEALERS FROM THAILAND
      132 2 COMPACT latoraattoaal Ltd sf Thallaad, a sale dtotrihs~f|"l|ACMA pr MB kt a M 7*»l Men to Mr. Kaait, the Ural's pacnl ouiger nM CtoipMt •flewd toto trip tree sf eharge to Ito dealers whe had achieved this year's sales target. Aaether eh)ectlve Is to shew these
      132 words
    • Article
      Saudis hire Indonesians
      65 2 SOME 2,000 Indonesian workers will leave for Saudi Arabia next February on two-year contracts as maintenance workers in Mecca. The Indonesia Service Development Consortium (Servindo) said 245 workers will leave before February to work at Ryadh Airport. Under the two-year contracts, the Indonesians will receive minimum salaries
      65 words
    • Article
      Rubber process plants not fully tapped
      222 2 MACHINERY In most block rubber-processing plants in Peninsular Malaysia are grossly under-utilised, according to the Rubber Research Institute Malaysia annual report for 1977. According to past surveys, rubber-processing plants on the East Coast of the peninsula were operating at about a quarter of capacity
      222 words
    • Article
      Lock icon Malaysian palm oil recovering at good pace
      326 2 Reuter. MALAYSIAN palm oil production is expected to continue its recovery next year with output at 1.85 million tonnes against 1.5 million estimated for this year. But officials are warning against an over-rapid shift from rubber to palm production, the US Agriculture Department
      Reuter.  -  326 words
    • Article
      MANILA'S 90-DAY OIL STOCKS
      207 2 PHILIPPINE oil stocks are planned to reach 90 days' supply by end of the year to cushion the early effects of any increase in world oil prices. The Philippine Energy Ministry said estimated stocks as of end-October will last 78 days 38 days of refined oil
      207 words
    • Article
      Lock icon Tokyo firms' outlook good
      96 2 Reuter. A SURVEY by the Yamaichi Research Institute of Securities and Economics has shown that 376 Japanese companies listed on first section of the Tokyo Stock Exchange will report an average 4.3 per cent rise in sales and a 7.1 per cent rife in profit before-tax
      Reuter.  -  96 words
    • Article
      King of rubber purchase is a US company
      420 3 AN AMERICAN company with only 25 employees operating from an inconspicuous office warehouse in Singapore is the world's biggest buyer of natural rubber, buying more in a year than either the Soviet Union or China. Goodyear Orient Company Pte Ltd (GOCFL), a
      420 words
    • Article
      Loan problems of bumiputra contractors
      329 3 ABOUT 50 bumiputra contractors in Malaysia attended a seminar organised by Malayan Banking over the Weekend to discuss problems they face in getting loans from the bank. Bumiputra contractors "were urged by Malayan Banking executive director Encik Azman Hashim to discuss with the bank's officers
      329 words
    • Article
      Lock icon Kowloon land auctioned off for $72m
      167 3 Reuter A 25,295-square foot site (2,349 square metres) in Tsim Sha Tsui East, Kowloon, sold (or HK$l45 million (5J72.5 million) or $5,732 a square foot at a government land auction. The site, with a renewable 75-year lease, is for nonindustrial development. Analysts said the
      Reuter  -  167 words
    • Article
      Lock icon IRON WILL
      53 3 AFP. CHINA'S steel production has already exceeded 30 million tonnes this year, making this one of the first successes of the nation's economic takeoff. The official People's Daily announced yesterday that this figure was reached on Saturday and that this year's total steel production will be over 31
      AFP.  -  53 words
    • Article
      PATA'S '79 DATE IN SEOUL
      127 3 THE PACIFIC Area Travel Association (Pata) 1979 annual conference will be held in Korea from April 16 next year. The theme of the conference is Pacific Tourism in the 1980S and the response from Singapore has been good, according to the local office of the
      127 words
    • Article
      Asean's textile challenge to HK
      280 3 HONGKONG would face a serious challenge and severe competition from the first Asean trade fair for textiles to be held hi Manila in early 1980, immediately after the annual Hongkong RTW festival. According to a monthly magazine, Textile Asia, the Asean fair, which has been
      280 words
    • Article
      British Columbian team on look-out
      243 3 A SEVEN-man trade mission from British Columbia, Canada's Pacific province, is keen to establish greater trade ties with Singapore and other parts of Southeast Asia. The mission, organised by the province's Ministry of Economic Development, is /now in Singapore for three days before going to
      243 words
    • Article
      FOR SUPERVISORS
      60 3 THE Department of Extramural Studies of the University of Singapore will conduct a 12-lecture course on The Process of Supervision from Jan 3. The course will be con- ducted every Monday and Wednesday from 7 to 9 pm at the Bukit Timah campus by Mr. Tay Yong Wee.
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      339 2 Our world bankers work around the world, around the dock. 6:07 p.m. Tokyo. V X •J I I «/U)Ta m IvrX/a.VVU Chicago. mm m r Singapo i 3* xS" wmm W' w ■PR) (ft '•■cry Tokyo. 6:07 p.m. K. Furuhata, Fujitsu (left); and H. Tsurumaki, Bank of America, review Fujitsu's
      339 words
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      154 3 Small News i Rank Xerox The22o2. A new compact co] can buy from the biggest name in You won't believe how small the 2202 is. Especially as it packs in all the refinements you'd expect from a machine twice the size. It's economical, extremely quiet, needs no warm up, copies
      154 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      631 3 J TWO-IH-ONE CROSSWORD CRYPTIC PUZZLE DOWN 2 Outcome of a novel ruse by an officer (6) 3 Woman, outwardly a man (6) 4 Charge up for a month (3) 5 Extend right to the end of September! (5) 6 Donnish chaps? (7) 7 Possibly a dose of culture! (4) 8
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      224 4 THE Singapore rubber market yesterday closed lower with January One RSS buyers quoted at 238.75 cents per kilo, down 4.75 cents from last Friday's close, dealers said. The morning session closed lower, with January One RSS buyers quoted at 238.75 cents, down 4.75 cents from last
      224 words
    • Article
      Closing prices
      29 4 Rubber: Dec 11 Singapore: January: 238.75 cents (down 4.75 cents) Malaysia: January: 240.25 (down 4.50 cents) Tin: $1,810 (down $40) Official offering: 260 tonnes (up 60 tonnes)
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    • Article
      RAS PRICES
      354 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. 238.00 239.00N 237.75 238.75N Int. 1 R.S.S. Jan 239.00 239.50 238.75 239 25 Int. 1 R.S.S. Feb 241.25 241.75 241.00 241.50 Int. 2 R.S.S. 236
      354 words
    • Article
      SSR and SMR
      97 4 NOON SSR and SMR prices yesterday RAS Ju ■ary Mnary (Cirreat Mtfc) <r imri Mtk) (oeata (ceatoperk*) SSR 20 (1-ton pallet) 239.00 241.00N 240.00 242 OON SSR SO (1-ton pallet) 236.00 238.00N 237.00 239.00N MRELB SMR5CV (1-ton pallet) 253 00 255 00N 253 50 255.50N SMR 5L
      97 words
    • Article
      Produce exchange
      208 4 IT WAS another quiet day on the Singapore produce market yesterday with most prices going unchanged. No changes were reported for copra and coconut oil as, traditionally, Monday features dull and lifeless trading for these two commodities. Similar conditions were also noted for pepper. The price of Sarawak
      208 words
    • Article
      Hongkong Comex
      150 4 TRADING in Hongkong sugar futures yesterday remained quiet throughout because of the widespread of prices, with turnover only one lot against two on Friday, dealers said. Distanl October was the only month traded, which closed at US 9.45/75 cents against Friday's 9-65/75 close. THE cotton market closed easier
      150 words
    • Article
      SPOT PRICES
      186 4 YARN and cotton in Hongkong dollars, spot ex-godown. Cattaa yam: China Blue Phoenix 20k 2,255; 32s 2320; 40a 3,000 (per bale of 400 lbs) Piece gss<s: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying Geese unq (per piece 36
      186 words
    • Article
      Lead
      118 4 LEAD ended the morning ring £2 per tonne down for cash and £0.25 lower for three months. Values were marked down on the pre-market in line with copper and reflecting stead sterling against the dollar. However, after trading down to £407 per tonne three months rallied in the ring
      118 words
    • Article
      Zinc
      66 4 ZINC at the end of the morning ring was unchanged for cash and £0.25 per tonne lower for three months in London yesterday. After an early dip in line with other base metals the market gained some support from demand for cash by one quarter. Three months last traded
      66 words
    • Article
      Aluminium
      14 4 ALUMINIUM was £3 per tonne down for three months in London yesterday morning.
      14 words
    • Article
      Silver
      43 4 SILVER closed at HKJ2T9.SO per 10 ounces in Hongkong yesterday, unchanged from Saturday's close, dealers said. Trading remained fairly quiet on lack of interests, v&ile yesterday's silver fixing price was steady at «79.50. The report for London's silver trading yesterday was delayed.
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    • Article
      Straits tin
      153 4 THE Straits tin price in Pens ng yesterday fell Ms4o per pkml to $1,810, $110 above 4he International Tin Agreement ceiling, dealers said. Yesterday's and last Saturday's large tin from miners prompted the decline despite London's higher close on Friday and some cheap Japanese and US demand at
      153 words
    • Article
      Rice
      199 4 THE Bangkok rice market was closed yesterday as substitution for the Constitution Day holiday. Prices quoted on Saturday are as follows: (In US dollar* per tonne F. 0.8. basts Bangkok) WMIe rtoe: 100 pet Ist class 385, 100 pet 2nd class 330. 100 pet 3rd class 315, 5 pet
      199 words
    • Article
      Copper
      101 4 COPPER wirebars finished the morning up £3 for cash and £2.5 for three months in London yesterday morning. Dealers said the early pre-market was lower under selling prompted by strength of sterling against the US dollar, in quiet outside conditions. Three months traded down to £782 but in the
      101 words
    • Article
      Cocoa
      128 4 TERMINAL cocoa finished the first call mostly £8 to £3 per tonne lower against New York but prices rallied in open trading on short-cover-ing for overall gains of up to £5.50 basis near March at £2,068. The sources said the latest USDA world grindings/ production projections for 1978/79 were
      128 words
    • Article
      Coffee
      76 4 ROBUST A Futures ended the initial call slightly easier in London yesterday morning, down £13 to £7 per tonne from Friday in sales of 108 lots which included 50 cross trades. v Dealers said there were no new factors and the easier tendency reflected adjustments against Friday's New York
      76 words
    • Article
      Sugar
      68 4 RAW sugar futures opened lower against firmer sterling by £1.15 to £0.95 per tonne in LOndon yesterday morning, but then rallied fractionally on isolated short-covering in a thin market. Whites were also lower on currency factors by £1.90 to £0.25 in light trading. Both the London daily raws ]*utes
      68 words
    • Article
      Lock icon Trading conditions quieter than usual
      1248 4 AFP THERE was an irregular price pattern on the commodity markets in London last week with trading conditions somewhat quieter than usual. Initially, some hesitancy developed as the markets awaited the outcome of the European monetary scheme talks in Brussels. Later the non-ferrous base-metals were
      AFP  -  1,248 words
    • Article
      Gold
      373 4 Gold futures turned easier on the Singapore market yesterday after a firmer opening but prices closed higher on balance from last Friday's close, dealers said. Profit-taking and some European selling in the afternoon caused prices to fall back in moderate trading, and turnover rose to 122 lots compared with
      373 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        456 4 THE US dollar yesterday eased against major currencies on the foreign exchange market in thin trading. Against the West German mark the dollar opened at 1.9110/30 but by London time slipped to 1.9050/60. And against the Japanese yen the dollar started at 197.90/00 to ease later in London
        456 words
      • Article
        Asian $ rates
        175 4 Asian rates ASIAN currency deposit Interbank rates as at close on Dec 11 Closing Asian dollar certificates of deposit for prime names: 7 days 1 month 2 months 3 months Smooths S months 12 months US MhrKSMI Offer Bid io 10 13/18 10 11/1C 11'. 11 U't 11*. 11 13/1«
        175 words
      • Article
        MLR
        21 4 THE average rale at which Singapore banka are currently prepared to lend to their best customers is 7.5 per cent.
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      • Article
        Discount
        46 4 >Mf* *f P* offtrad by diKoail b«M IM Dtc 11: Ovtraifkl 1U4« Call 4% C1mu| 3 moo til ■■yta* Mlteg Treasury bUU 4 r. 3 month Bank Mils 7'. 7 3 month CD Tt 7'. 6 month CD 7'. 7'. Source: National Discount Co Ltd.
        46 words
      • Article
        London
        175 4 THE dollar eased in early dealings in London yesterday, with dealers citing the political uncertainties in Iran and next weekend's Opee meeting as unsettling factors. The dollar opened at 1.9085/96 marks and later eased to 1.9055/65 marks compared with 1.9113/28 at Friday's close. Gold opened at U*****.50/ 202.25 an
        175 words
      • Article
        Hongkong
        214 4 THE US dollar eased from Friday 's closing US levels in fairly quiet late trading in Hongkong yesterday, dealers said. They said trading was thin and nervous with the yen and continental currencies firming on commercial demand. Some dealers said the market could be testing once more the level
        214 words
      • Article
        Tokyo
        154 4 THE US dollar (or overnight delivery in Tokyo yesterday closed at 197.06 yen, down from the 197.90 opening and 198.65 at Friday's close, dealers said. The US currency weakened further in light late trading on limited selling by Japanese banks to adjust positions and by foreign banks to buy
        154 words
      • Article
        Australia/NZ
        54 4 AUSTRALIA/NZ exchanges quotes yesterday: US dollar 1 UK ILM7 Stirling 0 5834 •5751 Ninety-day air mall buying rates Sterling 0 4051 US dollar* 1 17* Ninety-day forward buying rate* Sterling 1-5*3 US dollar* ***** New Zealand Sterling ISM I 5Q3 US dollar 1M 1 M« Ninety-day airmail buying rate*
        54 words
      • Article
        Frankfurt
        40 4 FRANKFURT opening quotes yesterday: *-i US IJM/MB n Can 1 CMS B Slf J74» 75i OflttHS v.« Sir 112 .14 €> ut J a Fir U42 S7 Nkr 17 .S S HrcoaUU'Bl J Btr tia t.m m Yen ill n*
        40 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      169 4 amrfiiffiMOMY present The 1979 Conference on MANAGING FOREIGN EXCHANGE RISK and using International Capital Markets Singapore February 26—27,1979 SIA Official Carrier Company Address City This conference is one of an international series that have been presented in New York, London, Toronto, Mexico City and Sydney. This program will be devoted
      169 words
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  • OVERSEAS
    • Article
      Lock icon Heat on US credit markets cooling off
      681 5 NYT THE rate of growth of American money supply is slowing so rapidly it is likely pressure will soon abate on credit markets and interest rates will begin to drift downward on their own. US Federal Reserve Board chairman William Miller describes the
      NYT  -  681 words
    • Article
      Lock icon Federal curbs are telling on steel imports
      283 5 UPI. US government intigated protective measures will stem the tide of steel imports from foreign nations by 20 per cent next year, the US Commerce Department predicted. Imports from abroad should total 16 million tonnes next year compared wis this year's estimated 20
      UPI.  -  283 words
    • Article
      Lock icon More support Ohira's team
      202 5 Reuter. THE new Cabinet of Japanese Prime Minister Masayoshi Ohira has larger public support than that named by former Premier Takeo Fukuda two years ago, according to a newspaper poll published yesterday. A nation-wide survey by the Asahi Shimbun said about 42 per cent of those
      Reuter.  -  202 words
    • Article, Illustration
      INSTANT TUNNELS
      224 5 THIS seven-metre diameter tunnel shield will claw oat a hole large enough far aa underground station. Built by a British company, It is currently being assembled underground for excavation work on tunnels for stations on the Newcastle Metro, the new underground railway project In the northeast of England.
      224 words
    • WORLD IN BRIEF
      • Article
        Lock icon UK GO-AHEAD FOR FLIGHTS
        575 5 Agencies. BRITAIN has agreed to China's chartered passenger flights between Canton and Hongkong becoming a scheduled service. The British Civil Aviation Department said permission has been given to the Civil Aviation Administration of China to operate the twicedaily service for three months, beginning last Saturday. The
        Agencies.  -  575 words
    • Article
      Lock icon Ban will deal $4.4b blow to Chile
      289 5 OFNS. THE Chilean economy faces losses of up to US$2 billion (5J4.4 billion) as a result of the boycott of Chilean goods, which international trade union organisations have planned to start on New Year's Day. The immensely powerful US confederation of trade unions,
      OFNS.  -  289 words
    • Article
      Lock icon Japan-EEC talks
      34 5 Reuter. TWO DAYS of talks between senior officials of the EEC Commission and a Japanese delegation led by Deputy Foreign Minister Hiromichi Miyazaki has ended without any major progress being made. Raster.
      Reuter.  -  34 words
    • Article
      Deluge of Iranian cash into America
      593 5 BANKERS and real-estate operators estimate that US$2 billion (about 554.4 billion) or more has flowed into the US from Iran in the last two years. For several years, international bankers have been reporting growing* deposits from Iran, but the flow of Iranian money into
      593 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      628 5 ARRIVALS Service Local Operator Number Tine From CIA GA980 1030 HLP MAS MH605 IOC KUL SLA SQ103 IOC KUL SLA SQ209 IOC HLP GLA GA944 1055 PKU GLA GA908 UOO MES PAL PRS01 1135 MNL RBA BQ25 1200 BWN GLA GA982 1200 HLP SLA SQ240 1210 MES
      628 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      197 5 Because the hankerwas on his t( >es. the 1 nisi n< off and running. ftjii 1 i The banker with an inside track locally often has the advantage. Particularly when he's backed by the worldwide resources of a g financial network. As all our bankers are Take the matter of
      197 words
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  • Article
    Fida can make capital of this fact
    358 6 SURPRISE it must be to critics of Malaysia's economic policies that more than half the investors in pioneer industries were locals. Even more so than the fact that contrary to much criticism, investments in general have been performing exceptionally well. Fida (Federal Investment
    358 words
  • Article
    No thanks to unsuitable courses
    208 6 SINGAPORE was not looking a gift horse in the mouth when it decided not to field trainees for all the 116 places offered by the Japanese government. While the Japanese are to be congratulated for offering Singaporeans opportunities to learn the latest that Japan can
    208 words
  • Article, Illustration
    Malaysia's rising cocoa crop: Constraints and great expectations
    1615 6  -  MALAYSIA may be the world's top producer of cocoa by the turn of the century, according to government forecasts. Whether it fulfils this prediction or not, there is no doubt that it is rapidly becoming a highly promising industrial crop. SOH ENG
    1,615 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      166 6 '"rnmitk BIMKT tJlacfeirotiier A perfect complement to arty meal Aao«h«r quaht; prod aci from 'Future Generatlon' 4~I Just don t miss them at the ion Bar white they are here Also on stage to a non slop musical dei»qht Cons fetation Lou* Tan 3 0 •dan JomoNni (from Ph*ppi ittnbaP
      166 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 OUTLOOK for Singapore from 6 a.m. to noon today: Windy with occasional passing showers Report for 24 hours prior to 7M p.m. m Dee 11 the airport: Maximum temperature 29.8 C Associated humidity 79 Minimum temperature 24.0 C Associated humidity 98 Hours of sunshine 5.60 Rainfall in millimetres 5.4 Total
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      249 6 SINGAPORE 5 Opening followed by I Dream Of Jeannie (Repeat)* Diary Of Events (English)* Harold Lloyd's Comedy Classics For Heaven's Sake Science Report* Intermission Opening followed by Fables Of The Green Forest* News in Brief* Wonders Of The Wild African Adventure (PL2)* Tinjauan (Malay)— Blue Collar Jobs* News in Malay*
      249 words
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  • Article, Illustration
    Lock icon Russians push their cars in Canada
    612 7 NYT FOR THE first time, the Soviet Union is exporting cars to North America, birthplace of the automobile assembly line. The Soviet car, called the La da 1500S, is avail, able only in Canada so far, and only in southern Ontario at that. And
    NYT  -  612 words
  • Article
    STRAWS IN THE WIND
    335 7 A CONCERNED Bukit Timah resident notes that the factory near his house, once carrying the sign "Ridsect" and manufacturing insecticides, has now changed it to "Hurray, One Rinse" (a very strange name you must agree) and now produces detergents. Could it be that with one wash
    335 words
  • Article
    Lock icon Uncommon goings-on in gold
    1152 7  -  WILL PRICES REBOUND? WHAT direction Will gold take? Bears and bulls are using some rather flowery jargon to predict prices in the uncertain economic and political environment. H.J. MAIDENBERG reports. H.J. MAIDENBERG NYT THERE were some uncommonly strange words buzzing about the gold market last week.
    NYT  -  1,152 words
  • Article
    DBS' lettable area
    48 7 IN last week's Business Times (Dee 8) article entitled "Office space will see a fall bease next June", DBS' total lettable area aad eccapaacy rate should be 473, MC square feet aad IN per eeat respectively, aad aat Tlijm square feet aad K per eeat.
    48 words
  • Article
    Lock icon Iranian poser
    844 7 FORUM ...with George Oedda AP THE CASTES AM*WB* hat gives fall hacking to toe Sbk at Iru wtthaat explaining why tola anrvivnl la aa Impsrtsat to U8 nnttaaal aecnrlty. The reuM, nc afflelnl said, to simple: Mine d the tltofuttvei to the Shah are m bleak that pa
    AP  -  844 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      342 7 A -•V i 'it 4 <r A nightly torn m tho Moby OK* Coft« Houm (Orchid Inn). Vo«i h«« eitotc* of bMi. ehidwn. mutton, pom and f«w*aM tood. And roMt «tto4« Scndays. "COME, WINE AND DINE IN THE MANNER FIT FOR IMPERIAL LORDS" Now. there's a place where you can
      342 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      34 7 Bnstow: Franit Dic&eas I fwe LOVe PifFFMC OGTLOC&M *ND VAPSND Sorne fbuce 121 D \S ReRCMHA MPu) WevGN+TS. ILJI Zb'Z I LOVC N/OU look'T SOU Spry vfou lcwg. trv/OU I'LL Bfe. TRU£ I* 9
      34 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Focus mainly on blue chips
      572 8 TOKYO THE MARKET continued bullish yesterday concentrating mainly on medium-sized blue chips. The Nikkei Dow-Jones average temporarily exceeded the Y6.100 level in the morning, but closed the day with a slight gain of Y3.88 at Y6,096.73. Total sales value continued Urge, although turnover was only
      572 words
    • Article
      Lock icon Hongkong
      306 8 Source: FM SHK SEC LTD PRICES yesterday openly steady but fell slightly alter the disappointing land auction which saw a lower-than-ex-pected price for the 10,100 sq metre site in Kowloon. Hang Seng Index: 518.94 3.78 Turnover: HK537.44 million DEC U HKS Amal Rubber 285 Associated Hotels X15 unch Bowaters
      Source: FM SHK SEC LTD  -  306 words
    • Article
      Sydney
      348 8 THE MARKET finned in active trading yesterday with BHP and oil stocks leading the advance, dealers said. BHP rose 18 cents to A 18.92, Bridge and Ampol Petroleum 5 cents to $1.40 and $1.35 respectively, Beach 4 cents to 77 cents, Queensland Mines 14 cents to $3.35, and Kathleen
      348 words
    • Article
      Manila
      163 8 THE MARKET yesterday closed lower across the board, with turnover falling to 11.2 million pesos from Friday's 12.9 million, dealers said. The only gainers were Benguet Con B, Marinduque B, and Seafront while Atlas Con B, Baguio Gold, Lepanto B, Oriental B, Pogei, BF Goodrich, CDCP, Meralco, PLOT and
      163 words
    • Article
      Bangkok
      5 8 Bugkik market eland yesterday
      5 words
    • Article
      Selected Indices
      33 8 H K HANG SENO Monday 518.94 Friday 522 72 Week Ago 501.14 SYDNEY INDUSTRIALS Monday 457.74 Friday 454.53 Week Ago 443.58 ALL ORDINARIES Monday 539.82 Friday 536.78 Week Ago 519 95
      33 words
    • Article, Illustration
      Lock icon Volkswagen tries to milk its new cash cow
      2296 8 FT. JUST FOUR years ago Volkswagen was one of the most celebrated "lame ducks" in Europe. Now, thanks to the phenomenal success of its post-Beetle generation of cars, and to some extremely tough management, it is sitting on a pile of cash
      FT.  -  2,296 words
    • Article
      Lock icon Sowing the wind and reaping the whirlwind
      654 8 NYT FOR THE SECOND time la five yean, the small tavestan aad specaiatars la Haagkeag's valattle stack market have sawa the wind aad reaped the whirlwind. Last maath, paactared by a sharp raa■p la laterest rates, the Haaghaag stack market hrake aad plaaged
      NYT  -  654 words
    • Article
      Lock icon The bunny business is building up again
      1149 8 PLAYBOY ENTERPRISES NYT. TWENTY-FTVE years ago, when Hugh Hefner began to build his bunny empire by putting together the first issue of Playboy magazine with its Marilyn Monroe centrefold on his kitchen table, nobody could imagine anything but success. The country was ripe.
      NYT.  -  1,149 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      385 8 ANNOUNCEMENT BOVIS SOUTH EAST ASIA BERHAD ("BSEAB" The Directors of Bovls South East Asia Berhad ("BSEAB") announce that they have request- ed a suspension of the quotation for the Company's shares on The Kuala Lumpur Stock Exchange and the Stock Exchange of Singapore Limited. Shareholders have been notified that the
      385 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon RCA sells its Alaskan unit
      353 9 f X AMERICAN FT. RCA Corporation, the leading electronics and broadcasting company, has announced an important reorganisation of its business involving the US$2OO million sale of its Alaskan communications subsidiary. RCA Alaska Communications is to be purchased by Pacific Power and Light Company, the Oregon-based
      FT.  -  353 words
    • Article
      BATHURST BUYS ABITIBI STAKE
      454 9 CONSOLIDATED-BATHURST, the pulp and paper arm of Power Corporation of Canada, has confirmed that it has bought 1,750,000 common shares of Abitibi Paper Company at CslB per share. This stockholding represents 91/2 per cent of Abitibi stock outstanding and is roughly the same as a block
      454 words
    • Article
      Lock icon AT and T on excise taxes
      89 9 Reuter. AMERICAN Telephone and Telegraph has said that federal excise taxes on telephone service will be reduced from 4 to 3 per cent from Jan 1. AT and T, the United State's largest company, said the tax cut is part of a gradual phase-out
      Reuter.  -  89 words
    • Article
      Lock icon FLUOR MINING
      69 9 Reuter. FLUOR confirmed that its subsidiary, Fluor Mining and Metals, was awarded Phases one and two of a four-phase project for a large copper mine in China. Fluor said its billings under the first two phases will be around US$lO million for engineering services. The total cost of
      Reuter.  -  69 words
    • Article
      Sears the only one to report downturn
      355 9 SEARS ROEBUCK, the retail department store giant, reported a 6.4 per cent drop to US$l.62 billion in sales for the four weeks ended Nov 25. Sales for the 43 weeks ended Nov 25, however, rose 4.3 per cent to |15.8 billion. The Sears
      355 words
    • Article
      Lock icon Standard Brands expects continued growth
      134 9 Reuter. STANDARD BRANDS expects the consecutive increases in its earnings growth in the first three quarters to continue into the fourth quarter. Chairman F. Ross Johnson told analysts the company's rate of growth increased 6, 9 and 11 per cent, respectively, in the first three
      Reuter.  -  134 words
    • Article
      Lower earnings at Cavenham
      185 9 CAVENHAM US, part of financier Sir James Goldsmith's business empire, has reported reduced earnings for the second quarter of its current financial year. In the 12 weeks to Oct 14, sales of the company, which mainly reflect the operations of its Grand Union supermarket business, rose
      185 words
    • Article
      Lock icon Amoco oil find at Port Hudson
      121 9 Reuter AMOCO Production, a subsidiary of Standard Oil (Indiana), said "significant reserves" of natural gas and condensate have been confirmed by two wholly owned development wells drilled in its Port Hudson Field discovery north of Baton Rouge. Amoco said one well, drilled to a
      Reuter  -  121 words
    • Article
      Lock icon Takeover interest in Federal Paper Board
      619 9 NYT. TWICE last week, John Kennedy Jr., president of Federal Paper Board, felt obliged to issue a statement saying that the concern knew of no particular reason for unusual trading and advancing prices in its shares. What happened was that the stock, which began
      NYT.  -  619 words
    • Article
      BP suffers third quarter income fall
      304 9 BBITBH PETROLEUM has —laaeei a Ctt.4 milUea tell ia greap Bet Iwmm far the lint atoe Matte sf the year rsmpartd with the mm porta i «f 1971. Net toeeme la the third 4«arter, at £864 mllllea, »ai mere thaa M per eeat aheve
      304 words
    • Article
      Lock icon Bowater defies the sceptics
      1569 9 INTEREST IN COMMODITY INVESTMENTS FT. BOWATER, the pulp and paper giant, is completing a major review of its involvement in commodities an involvement that has kept London constantly sceptical about the company in recent years because of the effect this has on the group balance sheet.
      FT.  -  1,569 words
    • Article
      Lock icon Higher profit, sales at GEC
      521 9 EUROPEAN to J Reuter, FT. GENERAL ELECTRIC has reported that pre-tax profit rose to £162.9 million from £144.8 million for the half year ended Sept 30. on sales of £1.18 billion compared with £1.1 billion. Pre-tax profit was after capital notes interest of £8.7 million
      Reuter,; FT.  -  521 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      155 9 PENGUIN BOOKSHOP RUNNERS HANDBOOK me Runners HANDBOOK v/vaes ha ndbook rite ULTIMATE BOOK ON I RUNNING il KUHNSKs HANO&OK WHY DO RUNN&tS MAKE BETTER i ZdMEftS =j xuw/ve*.s AUWbB OOK RUNNING I STtMUUmI 'AUASffOSI OPHEALTNR The RUNNER'S Handbook CM---m y 4 w. an sn Here at last is The Runners
      155 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1213 10 BID and offer prices officially listed and business In and reported to the Stock. Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word -sett". Big Board deal
      1,213 words
    • Article
      Government bonds
      115 10 4 I/** 1/8/80 (250,000) (99.308 99 40S) 4 3/4% IMM (250,000) (M.MB 99 765) 5% 1 ft/4/81 (250,000) (6) 9980 ft% T P 1/5/83 (250.000) (100.158 100 JOS) ft 3/4% T P lft/6/81-84 (250,000) (102-306) 7% 1/8/88 (250,000) (*****8 *****8) 7 1/4* 1&/4/88 (250X100) (100.7 SB) 7 1/4%
      115 words
  • Article
    Unit trusts
    141 10 HNGAFQKE UNIT 1M1 (■kacn 1 pfiM far DM The Cc—tfct 2.00 The Saving Fund 1.30 S pore Prog Fund O.M S pare Sec. Fund 1.71 S'pore Invest Fund 1.23 «T )tt) 2.22 lJi 0 99 in 130 INCOME BOND UNIT (Qurcat print) Income Bond 1.11 1.17 MAMA BUiarVT*A
    141 words
  • Article
    SHARE INFORMATION SERVICE
    2513 10 Gr'» Grt Net 1 1978 Last Div Div YTd P/E Vol Day High Low Company Sale +or- C'*T (*000) Higk Low SECTION ONE INDUSTRIALS 272 132 Acma 212 12.0N IS 54 23.0 m 238 123' Alcom 234 10.0 22 44 174 m 178 107 Allied Choc 115
    2,513 words
  • Article
    In Kuala Lumpur
    1292 10 BID and offer price* officially listed and business In and ■4 reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lot* of 1,000 units unless otherwise specified INDUSTRIAL* Alaam (1 848) (1) 1.81 A COM (1 12B). AMD
    1,292 words
  • Article
    COMPANY MEETINGS
    324 10 Malaysia Rice ladastrtea BM: AGM to be held at the Conference Room, Hotel Malaya, Jalan Cecil, Kuala Lumpur at 11.00 a.m. on Dec 14. 8*ma lad—fates Bhd: AGM to be held at the Conference Room, 14th Floor, Bangunan Hong Leong, 117, Jalan Bandar, Kuala Lumpur at 10.30 a.m.
    324 words
  • Article, Illustration
    Market seems to enter into a very quiet phase
    597 10 m VEKY QUIET trading, Rxckaage*" sf Sagapere downwards Irta their wWJWJBI If VCto. trading «u beklutn tlvity la Ike mend* was mmiNj mMim as Ike day Ike day, Ike market was weak and dpi sf —ppsrt were aawhere la sight. Trading
    597 words
  • Article
    Prices slip as market stays dull
    606 10 PRICES SLIPPED to a weaker close amidst generally drab and listless conditions at the Kuala Lumpur stock market yesterday. Volumes were low and while there were a number of offers, buyers generally were aloof for want of a better trend. Trading, as usual, was
    606 words
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  • COMPANY NEWS
    • Article
      Capel gives the nod to Malaysian stocks
      416 11 JAMES CAPEL Far East (JC) is recommending that prospects for equity investment in Malaysia in the medium term are good. In spite of the Malaysian market's fall in the past few weeks in sympathy with the Hongkong market and the rise in Singapore
      416 words
    • Article
      Overwhelming response to Bumi Trust Fund
      325 11 A TOTAL of 15 million units of II each of the 10th Bumiputra Trust Fund were sold between Oct 24 and the last week of November. -Encik Abdul Ghafar Baba, the chairman of Kompleks Kewangan Malaysia, said in a statement that the response to
      325 words
    • Article, Illustration
      The launching of HPB still very far off
      910 11  -  By J SUSAN BEVAN in Kuala Lumpur THERE has been no progress towards the launching of Harrisons Plantations Berhad (HPB) for almost the whole of this year. This is the conclusion of stock brokers Laurence Prust and Company from the chairman's statement
      910 words
    • Article
      HARCROS EARNINGS
      165 11 HARRISONS ui CreafleM LM saM eintap tor lf» will Mt be leas thai 41 mm per share with secead-half year's rsrMagi per share ap ea the lint half's flip. la the drat half s( IVJB, Harriaaaa aai CrerfleM repertod pre-tax prsflt ef £21.14 mllttea (SMI mllllea) ea taraever
      165 words
    • Article
      PLEASE FURNISH...
      122 11 STRAITS TIMES Press (1975) Ltd has been queried by the Stock Exchange of Singapore regarding its proposed bonus issue of one-for-three. The Exchange wants STP (1975) to furnish the following information: Whether there is any expected change in the profitability of the company for the year ending Aug
      122 words
    • Article
      DIVIDENDS ANNOUNCED
      528 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year A Hitam Plant 15%<b) Nov 22 Dec 2 Dec 8 15% 15% A Ent 10% I Nov 10 Nov 22 Dec 8 10% 20%(c) Talam Mines 10% I Nov 10 Nov 22
      528 words
    • Article
      SCRIP ISSUE
      191 11 Com pany Particulars Ex Date Books Close Min Sec Bonus Issue of 1 (or 2 Dec 6 Dec 23 S'pore Land Rights Issue of 1 for 3 <t> <140 per share Dec 15 Dec 22 Synthetic Resin* Rights Issue of 2 for 5 $1.00 per share Dec 13
      191 words
    • Article
      155 pc jump in Sungei Besi's pre-tax profits
      457 11 AS A RESULT of increased output of tin concentrates and higher tin prices, Sungei Besi Mines (Malaysia) has announced a 155 per cent increase in pre-tax profit to M 18.610 million for the half year ended Sept 30 when compared with the
      457 words
    • Article
      HK Land has agreed to pay $327m for Gammon House
      312 11 HONGKONG LAND Co Ltd said it has signed a formal agreement for the acquisition of Gammon House and will pay HK1715 million (***** million) for the building. It said the acquisition will be completed on Dec 28. Last month, Hongkong
      312 words
    • Article
      ROPEL INFORMS KLSE OF ESTATE SALE
      176 11 GUTHRIE Ropel told the KLSE it has sold the 240 acres (97 ha) of the Lambak-EHaeis Estate near Kluang to Mr. Looh Lim Teng. The land was sold at M 513,500 an acre, which amounted to a total consideration of $3.24 million. The sale
      176 words
    • Article
      MWE to revamp operations
      250 11 MALAYSIA Weaving Enterprises (MWE) is to diversify from its not very profitable weaving and yarn spinning operations and has accordingly announced proposals to restructure group operations. In a letter to the Kuala Lumpur Stock Exchange asking for comments on the proposals, the company says that the
      250 words
    • Article
      RUBBER OUTPUT – OCT
      69 11 RUBBER OUTPUT OCT Kilograms Austral Enterprises 15,876 Ayer Molek Rubber 49,438 Benta Plantations 216,000 Bukit Katil Rubber 49,442 Castlefield 196,408 Consolidated Plantations 2,700,000 Dunlop Estates 1,813,436 Glengowrie 48.535 Golden Hope 1,026,716 Holyrood 84,823 Hongkong (Selangor) 20,412 Inch Kenneth Kajang 104,328 Kempas (M) 748,000 Killinghall (Rubber) 26,309 Kinta Kellas Rubber 223,623
      69 words
    • LATEST RESULTS
      • Article
        SUPREME CORP BHD
        53 11 has reported net profit of M 5354,000 ($1.29 million) for year ended June 30. Parent company suffered a net loss of 1498,000 (profit $1.32 million). It has declared a first and final dividend of 5 per cent gross (10 per cent), payable Jan 12 to shareholders registered
        53 words
      • Article
        KUNDONG TANJONG PAU COMPANY BHD
        26 11 has declared an interim 1978 dividend of 7 per cent gross (same), payable Jan 22 to shareholders registered on Jan 15.
        26 words
    • Article
      COMPANY BRIEFS
      484 11 CITY DEVELOPMENTS The additional 9 million City Developments stock units issued for the purchase of Central Building have been granted a listing on the Kuala Lumpur Stock Exchange yesterday. Accordingly, the endorsement "not listed and quoted on the Kuala Lumpur Stock Exchange until further notice" appearing on the
      484 words
  • Page 11 Advertisements
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  • Article
    S'pore lawyer admits to $181,560 CBT
    157 12 A LOCAL lawyer admitted in a district court yesterday ihat he had misappropriated a total of $181,560 from two clients. Lawyer Tong Kok Kong, of law firm Tong and Company, admitted committing criminal breach of trust of $115,317 belonging to housewife Tan Lee Cheng
    157 words
  • Article
    Those pioneering Singapore firms
    727 12 BIG INVESTORS IN KL SINGAPORE was the second biggest source of foreign investment in Malaysian pioneer companies last year. According to the 1977 annual report of the Federal Industrial Development Authority (Fida), the Republic invested MJ29.3 million last year, bringing its total investment in Malaysian pioneer
    727 words
  • Article, Illustration
    Iranians keep up the pressure
    196 12 AN Mflotted I rn—sa fanwrtntoii, their fists aad beatlag dram, sarged thmgh the streets ef Teherm yesterday shsatfag "death to the Shah" sad "Yankee ge heme." reperto said treaMe had erapted ia MaThe Teheraa preeesstoa, which hegaa as several hun dred thiaseal pesple marched lata
    196 words
  • Article
    Lock icon Prices slipping back in Indonesia
    352 12 AFP PRESIDENT Suharto yesterday conferred with his Chief Economic Adviser Dr. Widjojo Nitisastro on Indonesia's economic situation following the rupiah devaluation which caused price increases throughout the country. Dr. Widjojo, who is State Minister for Finance, Economy and Industry, said later that economic fluctuations which
    AFP  -  352 words
  • Article
    LONDON STOCKS
    728 12 Owing to early press time we are aaable to sapply Maaday's prices. These that appear are Friday's flgares. LONDON, Mon.— Share prices closed narrowly higher after initial steadiness in quiet trading. At 3 p.m.the Financial Times index was up 0.4 at 493.7. Among equities the only feature was
    728 words
  • Article
    New Seoul branch for MHT
    93 12 MANUFACTURERS Hanover Trust (MHT) has opened a new branch in Seoul, linking it with its other offices in Asia. Mr. Everett Young, vicepresident and manager of the Seoul branch, said the new office will allow the bank to build up additional business with Korean and
    93 words
  • Article
    Foreman denies allegation
    279 12 THE Spyros inquiry yesterday heard a hull section foreman deny he had told a worker to keep secret the fact that the latter had done hot work on the tanker before the explosion. Foreman Mr. Choy Soh Chye denied the allegation made last week by Mr. Urn
    279 words
  • Article, Illustration
    Fund to promote cultural activities in the Republic
    235 12 THE Ministry of Culture has set up a cultural foundation to finance cultural activities. The foundation will receive donations from the public and corporations. Disclosing this yesterday was the acting Minister (or Culture, Mr. Ong Teng Cheong (above), at the opening of
    235 words
  • Article
    PUB cable contracts
    305 12  -  By GOH ENG KEE THE Public Utilities Board (PUB) has awarded two substantial contracts for the supply and installation of super tension cables wtotalling $61 million to two foreign companies. The companies are Pirelli General Cable Works of Southampton and Marubeni Corporation of Japan. Pirelli received a
    305 words
  • Article, Illustration
    PSA cargo growth
    246 12  -  By SON TIANG KENG CONTAINERISED cargo handled by Singapore grew at a much faster rate than non-containerised cargo during the past year. Volume of containerised cargo handled by PSA wharves and Jurong Port amounted to 765,800 freight tonnes up 55.8 per cent over August last year. On
    246 words
  • Article, Illustration
    SIA buys $2m software for cargo handling
    557 12  -  By WANG LOOK KEAH SINGAPORE Airlines Group will buy $2 million of computer software to upgrade its cargo handling services. Sources said the group is buying from Itel and the agreement is expected to be signed this month. Plans to computerise cargo reservations
    557 words
  • Article
    AEIBC takes a stake
    213 12 PACIFIC Bank Bhd and American Express International Banking Corporation (AEIBC) have signed an agreement for the issue of the bank's shares to AEIBC. With the agreement, AEIBC will hold 20 per cent of the issued share capital of Pacific Bank. At an extraordinary general meeting in
    213 words
  • Page 12 Advertisements
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        India-US service
        120 13 THE SAILING of the Al-Aridhiah, one of United Arab Shipping Company's 13 Bezhitsa class 13,500 dwt vessels, into the port of Calcutta last month inaugrated its new monthly service between India and the US. The vessel loaded cargo at Calcutta, Chalna, and Chittagong for discharge at the US
        120 words
      • Article
        Lock icon Laid-up tonnage down
        85 13 Reuter. WORLD merchant shipping tonnage laid up for iack of employment as at Oct 31, fell sharply over end-September by 11.2 million dwt to 39.3 million, the General Council of British Shipping said. Dry cargo tonnage laid up fell by three million dwt to 417 ships of
        Reuter.  -  85 words
      • Article
        Lock icon Ship sales
        82 13 Reuter. MARKET sources in London have reported the sale of the bulk carrier Green Auklet, 16,641 dwt, built 1976, to Japanese buyers for US$7 million (about Ssls million), and the 60,268 dwt bulk carrier YS Venture, built 1971, to unknown buyers for $7.2 million. Brokers also reported a
        Reuter.  -  82 words
    • Article
      Lock icon Eastern Bloc dumping worries EEC
      536 13 Lloyd's List. UK AND continental forwarders are watching closely the first real test of America's resolve to act over Russia's non-commer-cial involvement in the Western liner trades. The Soviet Bait-Atlantic Line is refusing to supply the US Federal Maritime Commission with necessary documents concerning its
      Lloyd's List.  -  536 words
    • Article, Illustration
      Latest addition to Zim fleet
      119 13 THE FULLY containerised (stove) made Ite first call Is Shppm last week carrying nrgi tram EUat, brad, la perls 1m tto Far Esstaad Aastralta. Tto 8,71* dwt eeatalaer•Mp arrived sa Dee f treat Cape Tewa, Seat* Africa aas Ml far Hsagk—g tto fellawtag day. ftritt
      119 words
    • Article
      First containership at Tanjung Priok
      203 13 THE PARTIALLY completed container terminal at Tanjung Priok, Jakarta, received its first containership last week. The 948-TEU President Eisenhower of American President Lines sailed into the terminal on Dec 7. Work on the terminal is in its final stage and is expected to be fully
      203 words
    • Article
      SHIPPING LIST where your ships are due...and when
      4200 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
      4,200 words
    • Article
      The Consortia
      127 17 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. 'K* Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO (BTRAITB/AUB- Australian National Line Australia/Straits Container Ijiif Nedlloyd Lines Neptune Orient Lines JABCOL(BT*AITB/
      127 words
    • Article
      Container Schedules
      1335 18 r RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line, Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to tn< Authority's premises during
      1,335 words
    • Article
      WHO ACTS FOR WHOM...
      907 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. APEA Line— Singapore Shipping. Aguiia Oriental—Same Ahli Shipping— Shariah Alfred C Intermodal. Algerian National Line (CNAN) —Unipacific. Aipac Line— Intrasea.
      907 words
    • Article, Illustration
      SHIPS IN PORT
      322 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Albion (0600 after Kyoten Maru hauls) 36/36 Bunga Melor (0630 after Bunga Melati sails and Albion hauls) 33/34 Dong Bee (0800) 27/28 Hoegh Pride (after Barcelona Maru) 46 Indian Goodwill (after Pyramids U) 6/7 King Dragon (0600) 22 Kyoten Maru (0600) 38/39
      322 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      450 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber L*nes Singapore Pie Ud Te) ***** Harrisons 1 Crostield Kuala Lumpur T»t ***** i/( Pemas-MISC Penang Tet ***** AR I) 1\ 1 W I AH Orient Overseas Co*tid*teA Line FU.LT CONTMNEKISED SERVICE 10 EUROPE (VIA SUEZ) mcATOt 9* nsnju cm}
      450 words
    • Advertisement
      Page 13 Advertisements Column 2
      337 13 mi. SEALORI) ANTAH UASC, UNITED ARAB SHIPPING CO (SAG). All vessels ***** DWT, 105 TON H .L. Derrick 288 TEU Capacity, Long Length Capability. \RABIAN GULF WEEKLY SERVICE Vessel S pore I Loading for In Port Kuwait (22/12), Damman (27/12) Bahrain(3l/12), Abu Dhabi (2/1) Dubai (5/1) I Damman (5/1), Kuwait
      337 words
    • Advertisement
      Page 13 Advertisements Column 3
      641 13 SING APORE business Fq' US Pacthc Gull a Atidnncd.xlEdsiCdnaoa .Ai ,o Jcceotin<j toi Hongkong Tdnwan JjOdi>a«KjKo..d. rW-LY CONTAINERIZED FAST DIRECT WEEKLY C I1«»III ChM* la lEE2HI 17/12 19/12 i VI VI haw Mm *1/12 VI MMltea *CT 17 Ok (KOO hs *CFS It Dae 1800 hs m/U a/u IVI 14/1
      641 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      631 14 Fiuv CMTNKMSED TOfUMPE EXPOtH S ftn PJMmi WW| BTmm Urn U Nam C*rrfE**r|k OduM NbuMbj bprtn faaura MM Naatarf Eipmi tram Eiprm EXPRESS CONVWTIONM. TO EUROPE S'ptrt PKcim Pen Mm Stmt tfWf BTu»«i Um M—p KhantwM 15/12 6/1 20/1 18/1 14/1 16/1 Nnafctm 18/12 20/12 24/12 21/1 31/1 30/1 26/1
      631 words
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      Page 14 Advertisements Column 2
      531 14 IKeS barber blue seo time. US ATLANTIC US OIJ EAST CANADA Jakarta Oft 14/15 Dk 17/11 Tail Dk 77/27 Ok 29/31 OK 23 I Ok 24/26 i Ok 27/21 W Ok 31 3" Ja* 27 F«fc lan 31 J Fall! lM ft Ft* 5 M 14 Fc* 19 Ntit Vm*
      531 words
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      Page 14 Advertisements Column 3
      639 14 EVERGREEN LINE I v't R..HEES MARINE CORPORATE far east/red sea, mediterranean EXPRESS FULL CONTAINER SERVN2 ALSO ACCEPTMG CARGO FOR: GENOA. LATTAIUA. KRUT ALEXADRM. BENGHAZI. THPOLI (LBVA) 'MM Part imt IMM l»tMm IMi IMi SMi 11 Ml 11 M 1) ha 21 Mi 2f Mi MMi 31 Ml IFM •"mm* n>H
      639 words
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      Page 14 Advertisements Column 4
      762 14 Everett Lines/ J Mnm FfrtStar SMppiaf Carp*. LIME** IHMTY <teA) (42/43/12 Ik ■■kyamyma my I_MW/I4tee B F.S.S.C Agents m Malaysia HPS MALAYSIA Port Ketanc Tel (38) 7355 Pen** Tel. *****/***** PATAfIOHA AKENTMA. 'Sublet to mJnuiuit 4/5 Feb C/ 7 W WnrA Nbotinu Mcxicaoa S. A. S V*** "MEXICAN NATIONAL LINE"
      762 words
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      Page 14 Advertisements Column 5
      740 14 SANKYO LINi: MR SIM MKTSKT DMMOMI STM. 21/2? OK 17/19 OK STD MEL. MEL 17/11 OK 19/20 OK OMOTON. MIL 21/11 OK 21/27 OK STD, MEL. MQ. BANGLADESH SERVICE GENERAI AGENTS CONTAMER BOOUK 10*0 AGENTS P KUANG PENANC 17/11 MM 15/19 MR CMTTAGONG. CHMJM OCEAN SNPPOK (NTERPMSS PTE ITO SOKAPOM
      740 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      790 15 occ Overseas Containers Limited soma to UK/amen: SERWCE FROM UK/COmMENT: aNGAPOW MMQFILD CONTWO SERVICES. PTE LTD *****1 K LUMPUR COMTAOO AfiENCES 4*4544 PRELAW 3M006/I PENANG GUTMHE BOUSTEAD SWTIK MEMOES *****1/3 5C Australia Strait! Container Line (A MEMO OF THE AMtO CONSORTIA!) MMK) CONTAOOSJOP SERVICE TO/HHM AUSTRALIA MO MO HM AFMO
      790 words
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      Page 15 Advertisements Column 2
      890 15 GRANARD LINE REUA&E t OEPOMfIU NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MOTEMAICAN Sptr* PJMmi Pmmi UMh|hr nmrm— 22 Ok 21 Ok ndk o*t*/PSiA we.^ H» KM FUNS I tan 10 la 12 ta accept* comma cargo IEFMGEJUTION CAMO ACCEPTABU IDk Opbouti P SmJ Ueuandna Bomt/laltakii/Pvcws Input INOM/ttMM/f« 21m P Said Unandna
      890 words
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      Page 15 Advertisements Column 3
      714 15 iiy BENLINE CONTAINERS EXPRESS CQNTMP SERVICE TO/FROM EUROPE MTUK B HAVEN (DAM H Sport P UM| WGeraany/Antna Antwerp H BURC B HkrtN rOAM HAVW SOTON N Germany/Aastna Benetai franc* Al UK PU» iSM Salad W MM 13/12 Sakd bM MM faM 24/12 bM Saded SaM bM UM 27/12 W M
      714 words
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      Page 15 Advertisements Column 4
      567 15 Scan Dutch V kViiir>ni:i»ii»iTi4»yni: rport 1) Mate 2) Mm 3) hPtrt a/12 WU B" EASTBOUND FROM MED/UK Lvrairjrj^f.vj^iir.vir. 1) Gbari 2) Kk*| J) tw 4) IT4m 5) IMC) Msadte PUw Spore BMM faM faM Uri faM 2*70 11/12 TIOU FCKST SjM lIJU 25/12 WW— faM 11/12 11/12 a/12 MMCAN kM
      567 words
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      Page 15 Advertisements Column 5
      451 15 GUTHRIE BOUSTEAD THE BANK LINE LTD SINGAPORE *****4 PTKfLAMG *****1 KUALA LUMPUR *****1 PENANG *****1 MO«*LOT V, ATI" VOST' FESCO LINES FESCO STRAITS PACIFIC LINE for men: south m> nn m Spore PMar* Penmt T maro Sp I'M" S4a«Hbr 6 n S DK 11/15 0* 9/12 MfASnVMOWCN OK 11/1 C
      451 words
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  • Page 16 Advertisements
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      874 16 K LINE KAWASAKI KISEN KAISHA. LTD. IMMmißlWmi™ (VIA SUEZ by CwUhw TO EUROPE S norr P >iu» L Havre H burg Bremen R dam Amerp matin» HI BK H BK) 71* »ia nun lUHUIM OHIITU CHEF 121) 2< Ok 27 Dk 14 im 1C Jan 17 la It la 2t
      874 words
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      Page 16 Advertisements Column 2
      801 16 ISA/EAST CANADA SERVICE tcurvmt ra/ia cortamrs hum pomme. p kelanb. stok lap** Mr KM TOM. MMFOLK PpftMf AatagM I U«M CguMuy* -wmmm- mivxn— U/II»k H/uk 110/uok LC./CREAT LAKES SERVICE Lm*| tar: NORFOLK. IK* TOOK. MONTH*. TORONTO, ASHTARM.A. OETROR. CMCAfiO. Nw« Mm P Katanf r iipiiiii CAUFORMA/PACfIC NORTH WEST SMVKt La*M(
      801 words
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      Page 16 Advertisements Column 3
      333 16 PH •FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTMNERISED SERVICE ll 3 <1 1«to lStol tM 3Fab >»• 21 to SO 7 Hfc 9Fab I 131 I rr-" SERVICE A mm+m ot to tot tmm TO AID FROM AUSTRALIA: S.A. CONTAINER SERVIC FROM NEST COAST (USA) Moffier Vessel I. Beach O'M Osaka
      333 words
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      Page 16 Advertisements Column 4
      329 16 B 4) IMa MUD P MM| S port SM SJM 24/12 19/12 M M 31/12 29/12 15/12 U/12 4/1 VI 23/12 24/12 14/1 13/1 i««HW Aartws. 3> Bremen 4) KMrntrp. m cal ¥tm M/CMMM parte «*art to Mkmml ■KM.U*****0 mm NMM-MK T«L *****7/*****1/*****5 Ml M um H Id. 7111/4 hmUBC
      329 words
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      Page 16 Advertisements Column 5
      802 16 NTRASEA (PTE) LTD 1 House «i[ h ,i'(l S j.i;: Toipphon.- >M Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P Kelang LoadMg <• LNKV.IM llm 5 Jan Brisbane! Singapore P Ketone Ua*| *ar M Slm Brabant/Sydney Mbourne/Adelaide auui Mi ft MM ftftftd ALPAC LINE SOUTH AFRICA SERVICE S pore P Kelang Penang
      802 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      213 17 OCEAN CONTINENTAL ENTERPRISE PTE LTD Room 610. 6th floor. High Street Centre. S pore 6 Tel *****/*****/***** REGULAR SAILINGS TO/FROM BANGKOK/SINGAPORE AS£AN ENOtAVOUR OCE LINES (ACCEPTMG GfN CARGO. CONTAMRS t HtAVYIIfTS) STQK I VOY 301 (H) < VOY 301/2 (S/N) 9/12 Ok 1 VOY 302/3 (S/N) 22/25 Ok COMAKER FEEDER
      213 words
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      Page 17 Advertisements Column 2
      167 17 ANHSING LINE REGULAR SM-CONTMO/lfO 30MCE m LORD STEAMSHF CO. SJI. tanmn/si*nts/tnmn express ukr service Lu*t tar P«rt Mmi PtaMf. KmNmi STORE PIELMK POKING TAIWAN LOON FATT 13/15 OK IS/19 DM 20/21 Dk 21 DK LOON CHOW 21/31 OK 31/ Itm 2/ 31M II Im ITTiTTT M' M:l i 111 *TT
      167 words
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      Page 17 Advertisements Column 3
      131 17 MAL DI V E LINES nam nm OCCHMGMG CARGO HUM RMKOON MO IQAONG KM MUSCAT MO UJWWT "HIM SWB OISCHARGaiG CARGO FROM RANGOON MB 10A0MG FOR MALf MO COLOMBO wmjm OSCNARGMG CARGO FROM MGAMTMM AND LOAOMG FOR BASRAH FT A PORT (HANG 17/12 IM 1711 Mern Floor) Amm toad t
      131 words
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