The Business Times, 18 December 1978

Microfilm: NL9923
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 MONDAY, DECEMBER 18, If7B so CENTS
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  • BRIEFLY...
    • Article
      Lock icon Carter's assurance
      96 1 UPI. MANILA, Sun.— US President Carter told Philippine President Marcos that he will carry out the .normalisation of US ties with China in an "orderly manner" that will enhance Asia's security, it was announced today. Mr. Carter said in a letter to Mr. Marcos that he was informing
      UPI.  -  96 words
    • Article
      Viet boat aground
      41 1 RTS reported last night the a boat containing 269 Vietnamese ran aground off Tanjong Rhu on the east coast of Singapore yesterday. They requested fuel and supplies for the journey and this is being provided by the government.
      41 words
    • Article
      Lock icon Money order links
      44 1 Reuter MANILA, Sun.— Asean has agreed to establish money order links within the association, the Bureau of Post said. The agreement was reached during a three-day meeting here of the Asean sub-committee on post and telecommunications which ended on Thursday.— Reuter
      Reuter  -  44 words
    • Article
      Lock icon Chrome exports
      45 1 UPI. MANILA, Sun.— The Philippines on Friday shipped its first chrome concentrates to China at 10,000 tonnes, it was announced. The partly government-owned Philippine International Trading said on Saturday that another 10,000 tonnes of chrome concentrates will be exported to China soon.— UPI.
      UPI.  -  45 words
    • Article
      Lock icon Collusion charge
      74 1 Reuter HONGKONG, Sun.— China accused the Soviet Union and Vietnam of colluding in an attempt to take control of South-east Asia. The New China News Agency said in a commentary monitored here that the evident increase of aggression and expansion in Asia by the Soviet Union had created
      Reuter  -  74 words
    • Article
      Lock icon Chekiang refinery
      62 1 AP. TOKYO, Sun.— China has built a new oil refinery capable of processing 2.5 million tonnes of crude oil a year in Chekiang, China's Hsinhua News Agency reported today. The refinery in East China went into operation on Nov. 20 and was built with Chinese designs and equipment
      AP.  -  62 words
    • Article
      Lock icon English cities hit
      69 1 AP LONDON, Sun.— Bombs exploded in five English cities early today, slightly injuring at least nine people and damaging business premises. No one immediately claimed responsibility for the blasts in Bristol, Liverpool, Manchester, Coventry and Southampton but there was speculation that they .were the work of the
      AP  -  69 words
    • Article
      For bank officers
      60 1 KUALA LUMPUR, Sun.— The Association of Bank Officers, Peninsular Malaysia (ABOM) has been formed to represent executives in commercial banks. The association's pro-tern secretary, Mr. Alan Hiew, said: "The immediate plan of ABOM is to bring within its fold all officers who are eligible to join and
      60 words
    • Article
      Lock icon Police intervene
      85 1 Reuter KOTA BAHRU, Sun. Police fired several shots into the air yesterday when some 3,000 angry villagers in Kelantan tried to force back 300 Vietnamese refugees coming ashore. The police said today the warning shots dispersed the crowd and rescue workers helped the refugees, 108 of them children,
      Reuter  -  85 words
  • Article
    TOP TEN STOCKS
    116 1 THE (tlltwiag Ust ef stocks gives the It mast traded m the Stock Exchange t( Singapore last week. It gives the turnover la thousands of units, closing prices aa Friday aad the high aad tow tor 1978 CMapaay Tmrnvri r Prteea Law *m not n trn Si
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  • LOCAL STOCK INDICES
    • Article
      SINGAPORE
      85 1 1 Dee 11 Dee It Dee 13 Dee 14 Dm M BT Index 1696 24 1659.00 1669.22 1697.70 1678.69 Industrials 352 21 349.27 348 60 350 13 350.09 «n Finance: 626 63 619 65 619 75 624.02 622.54 ••Hotels 274.71 273.82 274.19 274.41 274.34 •Properties: ***** 213.15 213.30 213.53
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    • Article
      MALAYSIA
      90 1 DM II Dee It Dm IS Dee 14 Dee li *BT Index 2306 24 2272.32 2287.49 2340 02 2315.52 •Industrials: 3N0 6B 378 54 378.78 380 66 380 70 Finance 526 16 ***** 521.74 526 05 524.84 ••Hotels: 248 46 248 29 248.42 248.54 248.54 •Properties: 194 27 192.72
      90 words
  • Article
    Local investors in B'desh shuttle
    760 1  -  MORE JOINT VENTURES By JOHN LIM NEGOTIATIONS are going on for some $15 million worth of investments to be invested by Singapore in Bangladesh, with one project nearing agreement. A joint-venture between Mr. Lam Thian of Union Garments and private Bangladeshi partners will soon be
    760 words
  • Article
    Lock icon India's new Concorde route
    218 1 Reuter. INDIA is still opposed to Concorde overflying its mainland to and from Singapore and has proposed a new route for the supersonic airliner off the southern coast, a government spokesman said yesterday. The spokesman said the Anglo-French aircraft would be allowed to fly over the
    Reuter.  -  218 words
  • Article, Illustration
    A build-up of Golden's Wall housing thrust
    530 1  -  By TEO TECK WENG A LOCAL developer plans to go into residential development on a massive scale. Golden Wall Realty, essentially a commercial and industrial property company now busy developing a shopping centre in Jalan Sultan and another in Short Street, may build
    530 words
  • Article
    SIA may help manage Sri Lanka's airline
    193 1  -  By QUEK PECK LIM f&NGAPORE AMms ha* ■miiaeit a* Sri U<f*prejeet stay eaat very smb. A tw frem the aattoaal cantor has beta to Sri Lanka to asm the tt—l aai to asr» V«y the petoatfalaad a iClkraAt top The refsest far have
    193 words
  • Article
    Lock icon 15PC OPEC PRICE INCREASE
    428 1 UPI, AP. THE ORGANISATION of Petroleum Exporting Countries decided yesterday to increase the basic rise of crude oil by 14.5 per cent by the end of next year. The Organisation warned the increase may be even higher unless western nations bring inflation under control, and unless
    UPI,; AP.  -  428 words
  • Article
    Lock icon Petrochem tie-up
    99 1 AFP. TWO of Japan's biggest integrated petrochemical firms, Marubeni Corp. and Übe Kosan have expressed their desire to set up a polypropelene plant in the Philippines. The english-language Times Journal said the two firms proposed to carry out the project in a tie-up with the state-owned Philippine National
    AFP.  -  99 words
  • Page 1 Advertisements
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  • Article, Illustration
    Lock icon THE LAND OF SELLING OPPORTUNITIES
    1805 2 JAPAN'S distribution system has borne the brunt of many grumbles from local exporters. But according to a study by Jetro (Japan External Trade Organisation) entitled "Japan's Distribution System 1978," a little trouble by exporters goes a long way. An excerpt from the study is reproduced
    Japan External Trade Organisation  -  1,805 words
  • Article, Illustration
    Lock icon It's Jo Kwan now for a bite of fast food industry
    935 2 FT THE OPENING this month of a take-away Chinese restaurant in Waikiki, Hawaii, marks a major move in the battle for the Western world's lucrative fast food market. The shop is the seventh outlet for a chain which hopes
    FT  -  935 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      159 2 m INVESTMENT ANALYST Overseas Union Bank invites suitably qualified applicants for a senior appointment as investment analyst. The appointee will be responsible for securities analyses and research including the monitoring and reviewing of economic, financial and political factors affecting the securities markets. The person appointed will be required to undertake
      159 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      532 2 I TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Sprinkle salt and pepper, initially, on the ftsh (5) Drive quickly to church in Croup (5) 9 Against the bar (7) 10 Suppress personally (3, 2) 11 Named in correct order (5) 12 Ton's drinking mate (5) 13 Sticky doc! (fi IS Actuallylt'i
      532 words
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  • Article, Illustration
    Lock icon BREAKING DOWN THE WALL
    1156 3 Despite over two decades of SinoUS hostility and the Korean War, there remains 'a warm feeling among many Chinese for the United States, with the older ones remembering only the better aspects of the American presence in pre-1949 China and the younger ones looking to the
    NYT  -  1,156 words
  • Article, Illustration
    Lock icon Easy come, easy go for all that black gold
    852 3  -  By LEONARD SILK NYT THE TURMOIL in Iran, posing a serious threat to the oil supplies of the United States and other Western countries, is likely to be only the first of a series of upheavals with revolutionary potential in the
    NYT; Source: Citibank  -  852 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      96 3 Kirin beer 7, Jl .w HRI H IV'W A brewing tradition that goes back a century 4T c- 'C. we've been brewing Kirin since 1869. 'And over the year*, some things have never changed. The meticulous care in selecting only the finest ingredients. And the traditional art of brewing in
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  • RAW MATERIALS
    • Article
      FOREIGN RUBBER
      254 4 TERMINAL rubber in London on Friday finished an uneventful day around session highs with gains of 0.05 to 0.35 pence per kilo. The market had steadied in late afternoon on weekend short-covering combined with' modest dealer inquiry for RSS Ones. Turnover totalled 217 lots of 15 tonnes including
      254 words
    • Article
      Produce exchange
      226 4 CHINESE Produce Exchange, Singapore noon closing prices on Saturday: Cw«Mt ail: Bulk $107 sellers, old drum 1112 sellers, new drum $117 sellers. Cap»: Mixed (loose) UK/Cont $67 buyers. Pepper: Muntok ASTA white fob IOO*/ NLW $337.50 sellers, Sarawak white fob NLW $320.00 sellers. Sarawak special Mack fob NLW
      226 words
    • Article
      Cocoa
      248 4 TERMINAL cocoa in London on Friday fluctuated narrowly in the afternoon in light weekend book-squaring and jobber activity, to close £11 down to £14 up with spot December exceptionally a differential-adjusted £18 gain. Turnover totalled 2,201 lots including 851 lots crossed. The afternoon saw two further Nigerian original tenders
      248 words
    • Article
      Palm oil
      76 4 C.I.F. North European ports. in US dollars otherwise stated. LONDON: per ton unless Malaysian 5%ffa bulk per tonne February Sumatra 5% tta bulk December January February March April Nigeria 5% ffa bulk stg ROTTERDAM: Sumatra Ma* 5 Dec Zaire* Bel* francs per kilo) Frl Previous 603s lr 600s
      76 words
    • Article
      Straits tin
      155 4 THE STRAITS tin price in Penang on Saturday rose VJI2 to $1,786 per picul, on an official offering unchanged at 181 tonnes. In LONDON on Friday, tin, on the day, gained f-112 for cash and £95 for Three Months in both contracts. The afternoon market forged ahead on
      155 words
    • Article
      Rice
      184 4 BANGKOK rice prices were quoted as follows on Satur(lb us doltan per taw F O R bull Bangkok) WMta rtwi MO pet lat clmm SB, 100 pet tod ctaae 330, 100 pet M ci*m US, 5 pet SB, 10 pet 80,15 pet 280, JO pet 775, 23 pet 77®,
      184 words
    • Article
      Lead
      57 4 LEAD, on the day, rose by £5 for cash and £3 for Three Months in London on Friday. The afternoon market held steady in modest twoday trading. The morning market rallied on forecasts of a further fall in stocks and news that Asarco's Glover plant was unable to start
      57 words
    • Article
      Zinc
      43 4 ZINC was mostly £2 down in London on Friday. The afternoon market was steady but virtually neglected. The morning values sagged in the absence of fresh physical demand although the lower levels found further support which appeared to be on producer account.
      43 words
    • Article
      Gold
      483 4 THE KILOBAR la SingaSre opened at 5H4,378 on turday and traded between 114,392 and before ringing at 114,370 in a extremely quiet market. Spot gold (or London delivery opened at U*****.90/205.30. It traded between $205.00/70 and $204.40/90 before closing at $204.70/305 JO. llie market was quiet. fl—ree: flapMt. Retail
      483 words
    • Article
      Copper
      349 4 COPPER wirebars, on the day, rose by £7 for cash and £6.50 for Three Months in London on Friday. The afternoon market was firmer on covering induced by the trend in New York and the further strength in gold. Three Months traded up to £791.5 and the contango traded
      349 words
    • Article
      Sugar
      213 4 RAW sugar futures closed £0.25 higher to unchanged and turnover totalled 921 lots in London on Friday. Values in the afternoon eased back slightly from steadier morning levels on trade reports of a Colombian raw sugar selling tender on Monday and a cheap white sugar sale to Tunisia. However,
      213 words
    • Article
      Soybean
      188 4 CHICAGO soybean futures on Friday closed higher but several cents below the day's peak. Gains ranged from 5W US cents to 0.5 cent a bushel. The session's largest late buyer was a commission house that on the day took some three million bushels of the March contract. Commission houses
      188 words
    • Article
      Wheat
      130 4 WHEAT futures in Chicago on Friday climbed sharply in the final hour of trade to cloae 11 v, to two US cents a bushel higher. The advance, traders said, appeared to be triggered by heavy professional buying o( July contracts. Soon afterwards, another professional became an aggressive Udder for
      130 words
    • Article
      Aluminium
      30 4 ALUMINIUM, on the day was down £1 for Three Months at £623.5 to £<24 In London on Friday. Values were relatively steady throughout the day In thin two-day iU)i.p
      30 words
    • Article
      Coffee
      373 4 ROBUSTA futures in London on Friday closed steady, £47 to £5 per tonne up from Thursday in sales of 5,859 lots including 23 options. In the morning, futures rose on a combination of New York's limit-up close and on the Rio news setting Brazil's green coffee export registration price
      373 words
    • Article
      Silver
      113 4 SILVER closed at HK9380.00 per 10 ounces in Hongkong on Saturday, unchanged (ram Friday. The day's fixing price also remained steady at HKPBO.OO. On the LONDON Metal Exchange, silver was up LI to 0 J pence. The afternoon trend was hsslrsny steady In line with movements in gold and
      113 words
    • Article
      Produce prices continue to hold steady
      456 4 Prices continued to hold steady on the Singapore produce market last week as concern over the net effects of the rupiah devaluation in Indonesia continued to itself felt. Dealers said that the lack of buying interest and the absence of new factors in the
      456 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        159 4 THE FOREIGN exchange market last week was mainly unsettled by two issues, namely the Iran situation and the expected Opec oilprice increases. The US dollar opened weaker at 552.1870/90 amidst reports of deterioting political problems in Iran and was subjected to downward pressures, mainly from commercial sellers, although
        159 words
      • Article
        MLR
        21 4 THE average rate al which Singapore banks are currently prepared to lend to their best customers is 7.25 per cent.
        21 words
      • Article
        Asian $ rates
        237 4 Asian rates THE MARKET last week started with a soft undertone, losing 3/16 per cent in periods up to Six Months towards midweek but picked up to close at opening levels. Trading was erratic with modest volumes through in One, Three and Six Months. US basic money supply, picking up
        237 words
      • Article
        Discount market
        361 4 OVERNIGHT money on the domestic market last week was initially traded at the 4 Mi per cent level. Midweek, however, nv rates easing to 3 per cent and on liability base day they dropped as expected to negative levels. Market observers maintain that this condition is temporary and
        361 words
      • Article
        Short term money
        46 4 FOR THE week ended Friday Dec 15, the range of call deposits received from Short Deposits (M) Bhd was as follows: Bank faad: lMi per cent tos»* percent. General faad; 9 per cent to 4'j per cent. MeveaMis of funds totalled $m million.
        46 words
      • Article
        New York
        231 4 y THE DOLLAR on Friday d closed slightly weaker from h Thursday's closing levels amid coocern about the Opec oil pricing meeting, dealers said. They said trading was* generally very quiet as operators were primarily concerned with squaring i positions ahead of the weekend. The dollar finished at
        231 words
      • Article
        Euro $ rates
        166 4 Euro rates LONDON Eurodollar deposit rates closed firm after a quiet session 011 Friday. Initial gains of 1/16 among fixed dates were extended by a further 1/16 during the afternoon session on bidding interest from the US, dealers said. Short dates were active with fresh demand for overa[ht funds which
        166 words
      • Article
        Frankfurt
        41 4 FRANKFURT exchanges closing quotes on Dec 15: US 1JM0 1JB0 Cm 1 MB Dn-B.8 17 SFr- U1JB Ut 1.XO Ml rrt-m DKr- MM MM N Kr 17.0V Ml B FV (esa) uu m B rr (fta) MM MM Ym-OJNO M
        41 words
      • Article
        Zurich
        542 4 THE US dollar continued to be under heavy pressure last week. It dropped from 1.7033 to 1.6868 Swiss francs, 1.9138 to 1.8960 marks, and 198.40 to 196.65 yen, compared to the previous week, amid news that Italy will join the HTM!? while Norway and Sweden decided not to become
        542 words
      • Article
        London
        271 4 THE DOLLAR and sterling closed weaker on opening levels In thin trading here on Friday, amid uncertainty about the outcome of the weekend's Opec meeting and the likely shape of the European Monetary System, dealers said. Irish Prime Minister Jack Lynch's statement to Parliament that Ireland will Join the
        271 words
      • Article
        Lock icon Money market
        81 4 Source: Astley Pearce THE INTERBANK overnight market was fairly easy last week. Transactions were dealt around the 44 to 4V« per cent level ending off on liability base day to clow at negative ops to negative-2 per cent. Tna ratas held stsady for major parts of the week
        Source: Astley & Pearce  -  81 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      130 4 AY > n ■> >= M£? .A AGREAT PLACE Ask around. It's no E#%B iflMrtf secret we're a ■Wl\ IMIMIEM favourite with businessmen from the world over. We have all the facilities and expertise to satisfy conscientious and fun-loving businessmen. Full convention and banquet facilities, 300 luxurious rooms and suites,
      130 words
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  • OVERSEAS
    • Article, Illustration
      RIDING HIGH ON A SAFE SEAT
      96 5 AN AUSTRALIAN eraipuy kai started maaafaetariag ehiM'i car Mtt that offers t Ugh degree el safety tor children aged tetweee hetweea three aad It yean. The haekless, pertaUe As» (BJCJS) Hl-KMer seat made hy Repee Ceeldrtve, iastaatty eeaverts aa existing ad Kit aeat belt
      96 words
    • Article
      Lock icon Ban oil burning thermal power stations call
      222 5 AP THE International Energy Agency (lEA) has proposed to its 19 members that construction of oil-burning thermal power stations be banned. Disclosing this, Kyodo News Service quoting Japanese government sources said the agency asked member countries Including Japan to lower their dependence cm
      AP  -  222 words
    • Article
      Lock icon Iran's offshore oil output hits zero
      198 5 AP IRAN'S offshore oil production came to a complete halt last week, while onshore crude for export dwindled to a trickle of 600,000 barrels a day, said a confidential report obtained in Paris. The little oil being exported is exclusively for consortium members a
      AP  -  198 words
    • Article
      Lock icon Cleveland plans to lay off 5,000
      582 5 NYT THE Mayor of the city of Cleveland, US is preparing plans to lay off 3,000 to 5,000 city employees, beginning today, to conserve the city's limited cash. The action is the first of a series expected to follow failure of the city on
      NYT  -  582 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      662 5 ARRIVALS Service Local Operator Number Time From CPA CX710 1006 HLP GIA SQ960 1030 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL GIA GA944 1065 PKU GIA GA908 1100 MES PAL PR501 1136 MNL RBA BI325 1200 BWN
      662 words
    • PEOPLE IN BUSINESS
      • Article
        IRAN DELAYS JET BUY
        433 5 IRAN IS holding off on the US$35O million (Ss77o) purchase of 31 McDonnell Douglas Corp F-4E Phantom Jet fighters, government sources said. The sale was approved by President Carter and Congress nearly two months ago but the Shah of Iran has yet to complete the deal.
        433 words
    • Article
      Lock icon Rumania, Canada sign $2.2b loan pact for reactors
      215 5 UPI CANADA and Rumania have signed a US$l billion (552.2 trillion) loan arrangement to support the sale of four 600-mega watt nuclear reactors, the first sale of its kind by Canada to a communist country. The Canadian Export Development Corporation said the
      UPI  -  215 words
    • Article
      Lock icon Strike call by French
      57 5 Reuter THE French communist-led trade union Confederation Generate du Travail (CGT) has called a one-day national strike in all French industries on Thursday. CGT sources said the strike will be to protest against rises in social security contributions from Jan 1, redundancies in French industry and
      Reuter  -  57 words
    • Article
      Fed pushes for gradual monetary deceleration
      578 5 US Federal Reserve Board ittmw William Miller ■aid the central bank will push for gradual deceleration at monetary and credit to aid in the US anti-inflation fight In testimony before the congressional Joint economic committee, he said private demand appears healthy at present, bat
      578 words
    • Article
      UK prices higher
      136 5 THE British retail price* index rose 0.7 per cent in November after a 0.4 per cent rise in October, taking Britain's inflation rate on a year on year basis to 8.1 per cent from 7.8 per cent. Employment Department figures show the all-items index now stands at
      136 words
    • Article
      Lock icon Ireland clamps down on currency outflow
      325 5 UPI. IRELAND'S central bank announced sweeping new controls of the currency flow out of Ireland, setting the stage for a break in the Irish pounds 150-year link with British sterling. Premier Jack Lynch said the Irish Republic has decided to Join seven other European
      UPI.  -  325 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      19 5 SINTAT Rent-a-Car SiNGAPORf A Tii ***** tIT Tt I i iS">o*>s Call us for your local or onward reservations
      19 words
    • Advertisement
      Page 5 Advertisements Column 2
      165 5 The international bank with your interests at heart. Dai-lchi Kangyo Bank is Japan's largest bank. Total assets of 61 billion dollars. But our size doesn't make us impersonal. A worldwide staff of financial experts ready to give your project their individual attention. And we have your interests at heart. DKB
      165 words
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  • REVIEWS
    • Article
      Lock icon HAPPIEST BLUES SINGER
      956 6  -  By LESLIE BENNETTS NYT BY DAY ahe pnwts Ike meet ieputant at Maeji, lipwlhg veal chap aal iparerlki, hggtag a ihifftag tag aad tkafflig aliaag ea feet that omvc as tfcaagt ttey hart. She likes U ride the city's kam, tee: a ttoy aid lady wtth a
      NYT  -  956 words
    • Article, Illustration
      Cultural food for thought
      941 6  -  FESTIVAL OF ARTS By TERESA LIM UNTIL RECENTLY, the phrase "cultural show" was definitely derogatory. No self-re-specting theatre-goer risked the chance of being seen at any of the pseudo-artistic ventures which promised instant Singapore. But the premiere night erf the Singapore Festival of Arts last week
      941 words
    • Article, Illustration
      Anneke sings us down memory lane
      490 7  -  By WANG LOOK KEAH •ON A FOUR-DAY stay that was jneant to be a quiet visit to the country where her hit song Burong Kaka Tua was most well-received 16 years ago, Anneke Gronloh did not escape the eyes of her ardent fans. She
      490 words
    • Article, Illustration
      Lock icon Fearful Hitch in this biography
      848 7 NYT Title: Hitch. The life and tiroes of Alfred Hitchcock Author: John Russell Taylor Publisher: Pantheon Pages: 320 Price: US$lO Reviewed by Christopher Lehmann-Haupt AN AUTHORISED biography of Alfred Hitchcock. What an appealing idea! The one and only Alfred Hitchcock, by whose inimitable films anyone
      NYT  -  848 words
    • Article, Illustration
      Hyperbolic details
      364 7 Title: The Realists Aithar: CJP. Smw PabHsber: Macmlllaa Pages: 2*4 Price: tAM Reviewed ii the Ece—mist MARCEL PROUST wu ewe photographed beldlag Mead's teaals racket, the aearest he ever eame to spertiag saceess; Balsae had ae treat teeth hat eeald eat 1M eysters at eae sttttag; Telstoy's Illegitimate
      364 words
    • Article
      CRUSADE BUDGET
      35 7 IN the forum article entitled "Top crusade management" in Business Times (Dec 16), the Billy Graham Crusade budget in Singapore was stated as US$7OO,OOO when it should be *****,000. The error is regretted.
      35 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      162 6 Hotel Royal-RAMADA. Newton Road, Singapore 11. Republic of Singapore Telephone: *****1, Tele* RS-***** Cables HOTELROYAI ««i 01D SCOTCH WHISKY The Ancestor of Whisky Another prod act from 'Future Generatk)n' V WW at 1 ifi' v/ A cosy and casual haven for all. The food is simply delicious and the door
      162 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      628 6 H:i u FILMS: CHRISTMAS night at the Singapore Hilton's poolside movie-house will be poignant Sydney Pollack's Bobby Deerfield, a beautiful love-story about a careless racing-driver and the devil-may-care girl he finds in a Swiss sanatorium, has two perfect stars in A 1 Pacino and Marthe Keller. It is on at
      628 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      249 6 SINGAPORE 5 3.00 Openaing followed by Star Performance—Emergency 3.30 Diary Of Events (Tamil)* 3.35 Afternoon Matinee—Andy Hardy Gets Spring Fever (Ptl) Starring: Mickey Rooney, Lewis Stone, Ann Rutherford, Cecilia Parker 4.25 Intermission 6.00 Opening followed by Katy* 6.30 News in Brief* 6.35 Clue Club* Don't Ask* News in Malay* Sandiwara
      249 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      338 7 35 m jfe i ■r ■llltKMoOy OkKCoNm HouM(Orchidlr*U i of bmt, ctu&mn, mutton. port and Itm* mm to >Wl 2U o—i Horn, tfcmpori. TO: »1122 km X ob cm r SWAR SANG AM voices in fjarmony A nod of her head A su ih movement of her eyes. A flexing
      338 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      48 7 FoR HeftveN's SftKe TRtfe Ofr THOSe STUPiD I SohJGLRSSeS UH»L£ I W ~lO>fcu_ BliStcW:Flar»Jcl)lctoS Hou> DOJ\L CRrt VOU THC £*COSC THRT rORDC ijase imvoices.. fou p<2e But am MCOfltfer&tT &U»K»UiIG fboL/.'.' I UORRN N/OU.BRjSTbUi THPfT UNLESS NbU 9MOU) PN IN N/our, woßvc NO SOON Be LOOKING W BNOTM^K
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  • MARKET REVIEWS
    • Article
      They rather watch from the sidelines
      743 8  -  SINGAPORE By ANTHONY TAN MORE investors on the Stock Exchange of Singapore last week joined the increasing number on the sidelines resulting in the lowest volumes in several months. As the week drew closer towards the Opec ministers' meeting over the weekend, most adopted
      743 words
    • Article
      COMPANY NEWS for the week
      274 8  -  Week ended Dee. IS Compiled by VIOLET CHOW SCRIP ISSUE Ocam! Canaliia: Proposed boons issue of one-far-two. OTHERS IMlsi Ovum las Bsak LM announced that it had bought 7.5 million shares of $1 each in Asia Commercial Banking Corporation for a consideration of $12.1 miiiin*.
      274 words
    • Article
      Lock icon A SEA OF UNCERTAINTY
      739 8 NEW YORK NYT "MY CLIENTS read all the threatening news about the economy and the stock market," a Wall Street broker lamented last week, and that just keeps them holding onto their cash all the tighter. It was a week charged with dire forecasts about the
      NYT  -  739 words
    • Article
      Lock icon Sydney rise finally comes to a halt
      346 8 SYDNEY Reuter THE market ru ef 1C sacceasi»» rices hi Sydaey eaded last PrMay whea the share price Ma Ml Lttpshrta. Pea tori nU laat week was eae sf iatemttag tndlag that saw the reitottag sf PeeeMea, tke *fasppilalmnat sf BHP, a mIM
      Reuter  -  346 words
    • Article
      Takeover bidders lead the rally
      794 8  -  ANTI-INFLATION MEASURES LONDON k a By GERALD COLVERD IT IS NOW to be accepted that the next budget will curtain-raise a general election in the UK. That is the consensus of London opinion following the government's handling of the sanctions application as part of its
      794 words
    • Article
      Extremely dull trading on KLSE
      923 8 K. LUMPUR THE Kuala Lumpur stock market witnessed one of its dullest sessions this year with prices taking a slow downward course last week. Trading was generally lacklustre and was characterised by long periods of dullness and by a successive scaling down of prices. A
      923 words
    • Article
      Lock icon Chrysler seeks to reverse its fortunes
      1078 8 NYT BACK In 1975, when Chrysler suffered a major drop in sales in the wake of the Arab oil embargo, chairman Lynn Townsend was the target of verbal brickbats tossed by angry shareholders. He ended up resigning his post, after a decade in the
      NYT  -  1,078 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      104 8 Inflation: The Big Figmupens a i s** memrn BFF investment today? In Europe, more and more banks have been advising their clients to invest in diamonds for security and growth. You too can now invest in diamonds on the same terms and with the same guarantees as those accepted by
      104 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Toronto
      350 9 THE MARKET closed sharply lower in busier trading on Friday. The composite index fell six points, with 10 ot its 14 sub-groups lower. Declines led advance* 247 to 158. Panranadlan Petroleum, which said it will buy Ontario's interest in the Sync rude Oil Sand's project, fell 7/8 to 37
      350 words
    • Article
      Lock icon NK Eurobond
      61 9 Reuter. NORGES Kommunalbank is floating a 150 million mark 10-year Eurobond with a likely 6-1/4 per cent coupon. Bond market sources said the issue has a four-year grace period, giving an average life of 7-1/2 years, and carries a state guarantee. Issue price remains open and lead manager
      Reuter.  -  61 words
    • Article
      Zurich finishes steady
      521 9 EUROPEAN MARKETS ZURICH prices closed quietly steady on Friday in a market lacking new incentives. In narrowly mixed leading banks both Leu stocks advanced moderately, while Credit Foncier Vaudois eased. In steady financials. Land is and GYR eased on profit-tak-ing, while Interpan showed renewed weakness on expected
      521 words
    • Article
      Zurich
      193 9 DEC IS Francs Action*' Suluei m unch Alusulsse Br. e_ 10W unch Alusulsse Reg 485 -1 Brown Boverl Br. laro 5 Clba Gelgy Br 1100 15 Ob* Oelgy PC 870 unch Clba Oelgy Reg 838 1 Credit Suisse Br 2150 -5 Credit Suisse Reg 419 -4 Elektrowatt Br. 1806
      193 words
    • Article
      Paris
      278 9 DEC 15 Frs CORBE1LLE Alr-Llquide 385 I B S N Gervals Danone 553 -1 C S F I ThomsonCsf)~ 382 •3 Cle Francalw des Petroles 140 0.9 Compagnif Flnanclere Compagnle Oenerale 383.50 -1.4 Credit Foncier De France 450 •1.9 Hachette (Llbrmlrie) 240 4 Machines Bull 50 80 0.3 Michehn
      278 words
    • Article
      Amsterdam
      186 9 DEC 15 ru ABN 372.00 >1 Ahold 100 00 0.7 Akio -i 28.00 unch AMEV 86 JO -0 8 Amfu 103.20 -0.3 Amrot Bank 75 JO 0J Bergoss 51 00 unch KM* mo 0.1 Boll BorsumU 148J0 1J Burnminn 72.70 0J unch Byenkorf 88 JO Calye Delft i«oo -0.1
      186 words
    • Article
      Brussels
      95 9 DEC 15 FYs FORWARD MARKET Acec 396 -6 Arbed 2180 66 Astur «M -6 B rase an 430 -1 Bru-Lamb 1835 unch fan par S32 -4 Cock 450 unch De Beers IK •1 Ebes 2370 il Electrobel 7300 20 Ob-Inno-Bm Mo uitCii Oe» 1406 6 Hobok 2495 >46 Petro
      95 words
    • Article
      Frankfurt
      210 9 DEC IS Dm Aef-Tekfunken 77 60 Akao 36.00 urvch Alls Leben 7(000 -10 Alia Ven 906-00 ♦I BAST 134J0 -03 Bt)HT Wbank 312. OOB Bay Vbank 334 00 -2.1 Bayer *****B hut 306 OOB BMW 223 JC -XJ Caaaella 360 00 -1 Chem Venr ***** -6 Commerebank ***** -1J
      210 words
    • Article
      Milan
      96 9 DEC 15 UN ♦V- S3 J Assoc Oen «M BMtocl Ml JO 115 Central* 4MU ♦186 Flat 7782 48 Plnatdcr 171 8.25 On Immob 71 73 -0J5 in Prl an 43 IlaJcemenu ***** 830 Italfma 1*4 4-14 IUllldCT n* ♦S MtfniU M PI su 14 Marelll Ere 55 Medio6
      96 words
    • Article
      Lock icon Colombian loan
      141 9 Reuter CHEMICAL Bank International group has won the mandate to arrange a US$6OO million syndicated loan for Colombia. A senior spokesman for the bank confirmed that the maturity of the loan will be 10 years and it will carry a split spread of 5/8 and 3/4 per cent
      Reuter  -  141 words
    • Article
      Johannesburg
      373 9 GOLDS were mind with an easier bias la mall turnover on Friday. Dealer* ascribed the easier tendeuLj to lack at interest and this week's US (old auction, though the higher bullion fix pushed selected Issues ahead. Mining finsnclsls saw narrow movements la dull trading. Diamond share De Beers drifted
      373 words
    • Article
      Carter speech jitters weaken Wall Street
      1257 9 NEW YORK SPECULATION about what President Carter will say in a scheduled television announcement on Friday night sent stock prices sharply lower in light trading. The wide-ranging speculation weakened a market already nervous about the size of an expected Opec oil price increase and
      1,257 words
    • Article
      EIB Eurobond
      76 9 THE European Investment Bank (EIB) is planning a 200 million mark Eurobond with a probable 12-year maturity and an indicated 6-1/2 per cent coupon, bond market sources said. Lead manager is Deutsche Bank and final terms, including pricing, will be set on Dec 28. EIB last tapped the
      76 words
    • Article
      Associated Biscuit rights issue
      91 9 BONDS&LOANS t ASSOCIATED Biscuit Manufacturers said it plans to raise £9.9 million through a one-for-three rights issue at 60p. It also agreed to buy the business of Smiths Food group from General Mills for £16.4 million, partly to be funded by the rights issue. Associated biscuits
      91 words
    • Article
      EDF credit
      77 9 ELECTRICTTE de France (EDF) signed a US$6OO million credit agreement with a group of 50 international banks for 10 years. TKe loan carries a spread of 1/2 point over London interbank offered rates (Libor). Lead manager Credit Lyonnais said the credit, which can be used at the borrower's
      77 words
    • Article
      Lock icon Sears
      34 9 Reuter. SEARS Overseas Finance of Curacao will redeem its 80 million franc 6 per cent bond 1973/88 prematurely at 103 per cent on March 15r next year, the Zurich Stock Exchange said. Reuter.
      Reuter.  -  34 words
    • Article
      WLG
      22 9 WESTDEUT9CHE Landesbank Girozentrale has withdrawn its allotted 60 million mark slot from this month's Eurobond calendar due to poor market conditions.
      22 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon HSBC awaits US decision on Marine Midland stake
      832 9 ASIAN Reuter. HONGKONG and Shanghai Banking chairman Michael Sandberg said he expects a decision soon from the New York State Banking Department and the Federal Reserve Board on the bank's application to take a 51 per cent stake in Marine Midland Banks.
      Reuter.  -  832 words
    • Article
      Lock icon Japanese syndicated loan for Spanish company
      165 9 Reuter A GROUP of 16 Japanese banking and life insurance trims has signed a contract in Tokyo with Spain's Auto» pistas Del Atlantico Cesa for a 10 billion yen syndicated loan. Long-term Credit Bank of Japan and Mitsui Trust and Banking Corp said as
      Reuter  -  165 words
    • Article
      Lock icon JARDINE MATHESON
      54 9 Reuter JARDINE, Mlttww Mi Ca Ltd saM tts whaily awned nMtey, JmAm cut Ada) has flspssei «t Ita brtnMt la Allied FM MuMm (Par East) (API) to W. R. Grace (Par Eat) lSTWtaieat It saM to aa ■aaiaaeii neat toe total nadlini ttoa realised tar tkls *s» psaal
      Reuter  -  54 words
    • Article
      Lock icon Guthrie sees second half record
      199 9 EUROPEAN Reuter. GUTHRIE said it expects record results in the second half of 1978 but, pre-tax profit for the full year may not quite match last year's 19.6 million. Earlier the company announced a pre-tax profit of £4.76 million for the six months ended June
      Reuter.  -  199 words
    • Article
      Lock icon Trafalgar turnover rises sharply
      131 9 Reuter TRAFALGAR House has reported higher pre-tax revenue of £60.63 million (£46.41 million) for the year ended Sept 30. Turnover row to £825 million (£587 million). The company announced a dividend of 2.93p making 5.76p (5.16p). Pre-tax revenue included property revenue of £22.63 million (£7.92 million)',
      Reuter  -  131 words
    • Article
      Lock icon EMI hopeful
      138 9 Reuter. EMI hopes for improved results for the year ending June 30, despite continuing significant medical electronic losses. Chairman John Read, however, told the annual meeting that newly introduced medical electronic scanners are not expected to reach acceptable levels of shipments until fiscal Mr. Read said the medical
      Reuter.  -  138 words
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  • COMPANY NEWS
    • Article
      A dividend from Hongkong Tin
      544 10 HONGKONG TIN, one of the smaller tin companies quoted on the SES, has at last rewarded its long suffering shareholders with a dividend of 12'/» pence per stock the first since 1968. The company, in the second year'of its return to active operations after five
      544 words
    • Article
      Gen. Ceramics proposes a bonus issue
      252 10 AFTER THE impressive rise in its first half results, < General Ceramics has more good news in store for its i shareholders. The company is proposing to make a bonus issue of 2,150,001 shares on the basis of one new share for every two
      252 words
    • Article
      BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JAN 4, 1971 — 100)
      128 10 BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JAN 4, 1971 100) 1977/78 Weekended High Low Industrial Group Dec 8 Dec 15 Point Change 433.62 145.90 Automotive 344.21 331.60 -12.61 591.78 328.67 Banks, Insurance, 457.98 467.21 9.23 Finance and Trustees 234.88 135.80 Chemicals, Rubber 216.53 222.09 5.56 Products, Refining and Smelting
      128 words
    • Article
      Cold Storage $3m ice cream factory coming up
      284 10 COLD STORAGE (Malaysia) Sdn, the Cold Storage group's holding company in Malaysia, has started construction of its $3-million Magnolia ice cream and ice confection factory in Mak Mandin Industrial Estate, Penang. The factory is expected to be ready by the middle of
      284 words
    • Article
      Lock icon Harcros to buy stake in Afro Timber
      107 10 Reater. HARRISONS aad CrwfMd mid tt has agreed to aefaire 81 per eeat «f Aire Timber aad Plyweed ef the UK for £1.7 milUea (abeat Ss7 mlUtoa) threagh the faaae ef ahares. It said arraagemeate have heea made to plaee the balk at
      Reater.  -  107 words
    • Article
      DIVIDENDS ANNOUNCED
      524 10 Correal Ex Book* Date Total for Total for PajranC Data Cloaa Payable tko year Prtvioai year C Safari 10* Nor 21 Dec 1 Dec 18 15* IS* IIIAPM 9*1 Nov 20 Dec B Dec 20 9* l7*(e) Toaklba 8«ma 15*(b)TE Not 20 Not 30 Dec 22 1STE 12(b)TE
      524 words
    • Article
      SCRIP ISSUE
      209 10 Company Particulars Ex Data Books Close S'porr Land Rights Issue of 1 for 3 >1.40 per share Dec 15 Dec 22 Synthetic Resins Rights Issue of 2 for 5 $1.00 per share Dec 13 Dec 20 Fed.Cables Rights issue of 5 for 8 if $1.00 per share Dec
      209 words
    • Article
      COMPANY MEETINGS
      311 10 SINGAPORE Laad Ltd: AGM and EOGM to be held at Suite 1902, 19th Floor, Shing Kwan House, 4 Shenton Way, Singapore at 12 noon tomorrow. Malaya Glass Factory Bhd: AGM to be held at 72A, Jalan Tampoi, Johore Baru, at 12 noon on Dec 20. Tssttfea (M) BM:
      311 words
  • Article
    SHARE INFORMATION SERVICE
    2663 10 1978 High Low CwiHW Last Sal* +orGr*. DW DW CVr Cr's YH Nat P/E Val COOO) Higk Low SECTION ONE V INDUSTRIALS 712 238 ITS 219 275 111 280 326 245 MO 132 123* 107 133 196* 30 162 173* 140* 256 Acma Alcorn Allied Choc BAT
    2,663 words
  • Article
    CHICAGO BOARD OPTIONS
    1472 10 On December 15 CHICAGO Board Option* Exchange volume slowed to 77.428 contracts froo 89,987 on Thursday. OPTION JAN APL JLY STOCK Alcoa 40 7ft UNTRD NOL aoft Alcoa 46 21k Oft .4«ft Alcoa 50 13/10 2ft 2ft 40ft Alcoa ao UNTRD UNTRD 40ft Am Exp UNTRD UNTRD
    1,472 words
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  • MONDAY SPORTS
    • Article, Illustration
      Lock icon Naranjan wins two battles in a single day
      1008 11  -  By TEO TECK WENG THE WARREN Golf Club championship ended in a thrilling 36-hole final which saw Naranjan Singh and Barry Roberts battling hard in a pulsating finish at the Warren course yesterday. The 36-year-old Naranjan overcame a bout of influenza to
      BT pictures by MAZLAN BADRON  -  1,008 words
    • Article
      Discrimination in the Olympic race
      987 11  -  By SHARAN SANDHU WOULD a man holding the world record for the fastest two-way swim of the English Channel be barred from an Olympic race on grounds of his sex? No, but a woman would be. Canadian Cynthia Nichols has swum the Channel both ways
      987 words
    • Article
      Lock icon Asian Archery Federation
      132 11 AP. ASIAN sports organisers are moving ahead with an Asian Archery Federation, challenging the international badminton body and may stage the next Asian Tennis Championships in Seoul if political problems are not settled in Iran. A number of Asian sports groupings are meeting in Bangkok while the
      AP.  -  132 words
    • Article
      What it takes to be an axed-national
      421 11  -  By RONALD KOW IT SHOULD NOT be tee difßcalt to remember last year's saceer match betweea the w mWmih at Siagapare mad Malaysia. The Slagapere fielded a few "gaeat" players, aae af wham waa aaae ether thaa Qaah Kim Saag. la this year's
      421 words
    • Article
      Liverpool win is more than the end of Forest's fire
      702 11 LIVERPOOL'S 2-0 defeat of Nottingham Forest in the English First Division last weekend was no ordinary win. It spelled the end of an astonishing run by Forest of 42 league games without defeat, an English record and one that is
      702 words
    • Article
      Dodge the missiles, stick to an old tyre
      1054 11  -  By PETER DOBEREINER WHY ON Mrlfc eheald Mlm Naaey Lipti wmat to mi am aa air-to-air mtoalier Admittedly Itwui plactte mimUe tat the qaeettoa puxled me deeply n I nt m tke fleer ettdlag Fla "A" late peeve "B" la aeeerdaaee with
      1,054 words
    • Article, Illustration
      Recording a golf shot to improve club design
      185 11 NOT AN electronic golfer, but British professional Hugh Lewis "wired" to a complex of recording Instrument! during technical analysis of what happens to a golf club when a stroke is made. It is part of a series of tests being carried out
      185 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      37 11 i.VAIi •> I m m mm Wm cm ?s V VWTM MCROUTE SHAFT m ■> trsi ,r; ■nSMAMm. IftlercSngs 23 Park House Ocnard Bouevard Sngapore 10. Tat *****56 *****18 Also available at aH leading sports shops and pro shops
      37 words
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  • Article
    MAS and airport union meet on wage claims
    197 12 MALAYSIAN Airline System's management and Airport Employees Union officials will meet this morning to resume negotiations on the wage claims that led to the go-slow at Subang airport last week. The meeting will be held at the Industrial Relations Department in Kuala
    197 words
  • Article
    Lock icon Bid for dearer tea
    80 12 Reuter INDIA is negotiating with Sri Lanka and other tea producers to get a better price for tea in the international market, Mr. Mohan Dharia, Indian Commerce Minister told Parliament. The aim was to have an India/Sri Lanka consortium for tea exports and, to diversify markets.
    Reuter  -  80 words
  • Article
    Do not lift Concorde ban call
    105 12 THE Malaysian government has been urged to stick to its original stand on bannihg the supersonic Concorde flying through Malaysian airspace in the interest of the country. The call came from the president of Sahabat Alam Malaysia, Mr Mohamed Idris, who wanted to know
    105 words
  • Article
    Independence of auditors
    481 12 IS THE independence of auditors in Singapore being threatened by the practices of many accountants and their firms for audit clients? This question was raised at last Saturday's session of the finance conference of the Singapore Society of Accountants at the Regional English Language Centre by Mr
    481 words
  • Article
    Lock icon China-US ties may boost dollar in short-term
    562 12 Agencies THE US dollar is likely to gain strength in the shortterm from the announcement that the US and China will establish full diplomatic relations from Jan 1. Foreign exchange dealers said over the long term, this is likely to mean a considerable
    Agencies  -  562 words
  • Article, Illustration
    Lock icon Envoy Woodcock?
    166 12 AP MR LEONARD Woodcock ku been tipped to be the first US Ambnssadar to Chlaa. He leaned the art at diplomacy and statesmanship while *»gfcti« g labour battles for 39 years. Former president of the Ualtod Aato Werfcers "J? si the US Liaises Office ia Peking, Mr Weeded
    AP  -  166 words
  • Article, Illustration
    Lock icon PUTTING IT IN WRITING
    65 12 AP, Reuter lUWNMM wrlttea pHMw m wUIc etotfc left) to serialise relattoas with CUm early aext |ear. However, the siffttNV were stepped by pellee jast istflu the AsMftoaa rmbmmmj la Talpefe sa Satarday. Yesterday eggs were ttoa by SM people ■■Win the US notary stores to
    AP,; Reuter  -  65 words
  • Article
    COLOUR TV PRICES IN MALAYSIA TUMBLE
    480 12 THE TAX reductions, announced in the 1979 Malaysian budget, have resulted in significant cuts in prices of coloured television sets assembled in the country. Prices of some musical instruments were slashed and those on some imported fruits were reduced by 20 to 25 per
    480 words
  • Article
    Lock icon Russia fears Sino-American economic, military axis
    313 12 NYT TWO well-placed officials of the Soviet Communist Party's central committee are extremely concerned over the possibility of SinoAmerican economic and military cooperation aimed at bringing pressure on Russia. In a television discussion broadcast, the Russians outlined their fears that the Chinese, emboldened by
    NYT  -  313 words
  • Article
    Rice in short supply
    80 12 THERE are strong indications it will be a seller's market in rice for the next few years. Philippine government Grain Administrator Jesus Tanchangco said in his opening statement to a special meeting of Asean: "We have reason to believe it would be a seller's market next
    80 words
  • Article
    Italtractor picks S'pore as Far East base
    451 12  -  By JOHN LIM AN Italian firm, ITM/ITS Italtractor, reportedly the world's largest manufac- turer of tractor undercarriage, parts, has set up a regional office in Singapore. This move is even more significant when seen as another step by Italtractor towards the setting up
    451 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Port workers get rise
        82 13 Reuter. THE Indian government announced last Friday improved pay and other benefits for port workers following a settlement reached following the port and dock workers' strike last month. The new terms, which go into effect immediately, also include leave concessions and better pensions. Dock workers' wages
        Reuter.  -  82 words
      • Article
        Lock icon Container port opens
        105 13 UPI MANILA'S first container port opened last Friday to accommodate initially 25-foot draft vessels, authorites announced. The partial operation of the pesos 400 million (SJI26 million) Manila international port on a 67hectare reclaimed area at the mouth of the Pasig river is expected to relieve container congestion
        UPI  -  105 words
      • Article
        Lock icon Berthing bans lifted
        66 13 Reuter AUSTRALIAN maritime unions have lifted selective bans on the berthing of foreign oil carriers to permit more talks with oil companies and the government on their claims for Australiancrewed tankers, a union spokesman said. The bans, first imposed 18 months ago, were reimposed in October and
        Reuter  -  66 words
    • Article
      Lock icon Reducing size of Western fleets alarming
      494 13 Lloyd's List] THE MASSIVE transfer of ships from European fleets largely to those of Far East shipowners has resulted in "alarming facts concerning the shrinking size of Western fleets," report Londonbased shipbrokers Lambert Brothers. The brokers note that Hongkong shipowners, the Chinese and, of
      Lloyd's List]  -  494 words
    • Article, Illustration
      Simba begins service in April
      131 13 THE MS "Smba" «u luaeM (ram Ntkskiv Shipyard rcmtty for East Asiatic Ctmpuy (EAC). The veasel Is (earth la a series sf six User replacemeat vessels bailt by EAC st Its •ws yard. The Bbaba wll eater EAC Maes' traas-Pactflc service whea delivered la April
      131 words
    • Article
      Lock icon Sabah gets $31m loan for new port
      205 13 AFP. THE Sabah Port Authority has secured a $31 million loan from the World to finance partly the construction of the new Tawau port. The project, costing $64 million would include a wharf, a warehouse, maintenance workshops and an administration building. The authority's
      AFP.  -  205 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2403 17 BCHEPUIE 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 Fort of
      2,403 words
    • Article
      INDEX
      555 17 Skipping Liie CM Aconas n 5 ACS n 5 Afea IV 3 Aguila IV 2 Alpac IV 5 Angkutan V 1 Anhsing V 2 ANL I 1 A PL m 2 Arya Nat n 5 ASCL in 5 Asia Merchant m 4 Atlas V 4 Aust.Cont IV 5 Bank
      555 words
    • Article
      Container Schedules
      1391 18 r RECEIVING OF EXPORT FCL CONTAINERS 1 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 the Authority's premises
      1,391 words
    • Article
      Who acts for whom
      894 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bbd Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Unipaciflc. Alpac
      894 words
    • Article
      SHIPS IN PORT
      359 18 EXPECTED ARRIVALS TODAY EEPPEL WHARVES Bendearg (200 alter Kostrena) 33/34 Crikvenica (after Yung Fon Lu) 35/36. Golden Globe (0600 after Baaca) 19. Golden Malacca (0700) 27/ 28. Kota Panjang (0700) 10/11. Nedlloyd Fremantle (0600) 3/4.Perak (1500) 21Eaat. Shoko Maru (0700) 13/14. Spes (after Yamagata Maru) 42/43. Tlmur
      359 words
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      Page 13 Advertisements Column 1
      375 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED./U.K. Singapore Tel *****1. Port Kelang; Tel *****1. Kuala.Lumpur Tel *****. Penang Tel ***** AR I) I\ I AMAH m m Orient Overseas Co*dcu*teA Line FULLY CONTAtRBEP SERVICE TO EUROPE (VIA SUEZ) S'pwc P Jtatvv Satan lettavre HT**i t'dan M«w HKATMWr 19/12
      375 words
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      Page 13 Advertisements Column 2
      211 13 na:i:§ ssi SEALORD ANTAH at UASC UNITED ARAB SHIPPING CO (SAG), All vessels ***** DWT, 105 TON H .L. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE i 53 fS x*L<x> avrm mokxs (r«. 2«2*5/o HOiliS 3» uoo* mamma mouse. sasrai 2 £S T TEL ***** M
      211 words
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      Page 13 Advertisements Column 3
      276 13 NOL NEPTUNE ORIENT UNES LTD 'FULLY CONTAINERISED SERVICES: FAR-EAST/ li'.lllHUf.h a;Wai SERVICE S port P. Wmj S ton Ha»re H bw| Br«n R dan muror 1 like Mkcl Sim Jim ttm II Jm 11 Jm 0 OfF 2< Ok 27 fee 12 lm 14 Jm 111 m 17 1m II
      276 words
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      Page 13 Advertisements Column 4
      636 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****1 Port Kelaog Tel *****1. Kuala Lumpur Tel *****. Penang Tel ***** MAERSK LINE For u S Pac*hc Gutf Ananttc arxj East Canada (Aiso accepting fo« Hongkong Taiwan Jdoon «indKo>ed) FULLY CONTAINERIZED FAST DIRECT WEEKLY lEEHI M
      636 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      738 14 ni.lv cont amerced to europe Ouka Bay (mil Mm N—ni| tqyro UW*ooitt, lammi Mani Hmtw| Eiftni Br—i Etpreu C*M|a« Bar 7/2 1/3 3/3 4/3 EXPRESS CONVENTIONAL TO EUROPE Spore Mttanf Poa Hbae Genoa HW( Blmvw Rdan Antwerp MmI«M 15/12 6/1 20/1 18/1 IVI 16/1 M»*ehlee. 21/12 23/12 27/12 25/1 3/2
      738 words
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      Page 14 Advertisements Column 2
      364 14 I Tar* ■30 I^tTl Fib 11/12 M It/It f* wis f+ a/a Im» Fib 20 l» JO Fib 21 F* 1/ 2 Fib 22/23 Fib 4/ 5 Feb 25/21 •far 4 Mar 2S tf. Mar I Ma. H Ma 2 13 Mai 30 J, Twta |*Sa«kMi (BBS) |<UC) Fib 1/2
      364 words
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      Page 14 Advertisements Column 3
      647 14 EVERGREEN LINE F Vt R J«EE\ MARINE CORPORATION FAR EAST/RED SEA, 1 EXPRESS FULL CONTAWER SERVICE ALSO ACCEFTMG CMGO FOR GENOA. LATTAKIA BE RUT ALEXANDRIA. BENGHAZI. TRIPOLI (LBYA) Sp« 'MM Part Ut Urns* l+m f Mralnlmki lim Hut 11 74 tm 4tm «tm «1» 14 ta« ltta» Ul» Enr NmmHt
      647 words
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      Page 14 Advertisements Column 4
      743 14 Sm 4 Bwim Fwt Star SMppiaf Carp*. Bk "BURMESE NATIONAL LINE" cvmvm nm dk h iam 21/23 Ik K B.F.S.S.C. Agents in Malaysia: TEPS MALAYSIA f Port Kelang Tel (38) 7355 Penary Tel. *****/***** J Na vafatiainSSnaMiliwwUl S. A. C.I. F. 8 \Mf/ "ARGENTINE NATIONAL LINE" g LOMME FOR HUH
      743 words
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      Page 14 Advertisements Column 5
      680 14 is) SANKYO LINE AUSTRALIA SERVICE TMKSTM 21/21 Ok 11/20 Dk SYD, MEL MAVSKY 21/21 Dac 22/23 DK GERALDTON. MEL DMMOMD SIM 2S/30 DK 26/27 DK SYD. MEL, AKL BANGLADESH SERVICE wtcmp GENE DM. AGENTS CONTAMER BOONNG LOW AGENTS P KELANG Pf HANG 17/11 MM 15/16 MM CMTTAGONG, CHALNA OCEAN SHTfMG
      680 words
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      721 15 't Overseas 8 Containers Vlmm Limited COHTRfKHP SERVICE TO IK/COWTHIT: CONTUdKHP SERVtCE FROM UK/CONTfCNT: Hi li| E«r*tt [■ran Tekraler a,* S port Hnt Nrti k tort m. T* KB eu 23 DK HR KS nOk M.KS Stan HR US MR. TR KB 13 Im MR US IS ha TR .RB
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      899 15 Tl GHANARD L,NE RELIABLE I DEPENDABLE NON-COMFEKNCt EXWESS SERVICE NEST BOUND-FAR EAST/WIITERRAIWN Spnre PIH»i( Nm| In*| ler MV MM IMH V 20M MV MM FUNG V 21N MV. MM TIT V 22* *U VESSELS ACCEPTMG CONTAJO CAMO 3Ma Oybouti P Sari AleuaiHna Beirut Lattakia Turns Pireaus. T ripok Benghazi Island*!
      899 words
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      Page 15 Advertisements Column 3
      545 15 fpFJ BEN LINE Zfj CONTAINERS r o BEN ASIA CONTAINER SERVICE BACS EXPRESS CONTMNER SERVICE STRAITS/TAIWAN/JAPAN TO TAIWAN/JAPAN S pore PKetanj Penanf Kao M* Tokyo Rote Benn, Trade. 8701 Saded 11/12 20/12 21/12 1/ 1 (/I CwJrAce 830) 21/12 23/12 25/12 1/1 7/1 12/1 MkkohMaru 8401 21/12 30/12 1/1 10/1
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      Page 15 Advertisements Column 4
      626 15 Scan Dutch *9 ■*TZnn\lHiU*nM\Zr& Ik*> Ira- P WM| 2) Mm 3) Hb«f| 4) Gkwt M la*M >aa* accap4N cane ta >a** EASTBOUND FROM MED/UK. Mag 11 I:H:i i»J I ZT.xa r. 1) C'barj 2) M barf Im 4) I ton 5) leH t) M sates PMm S faM W UN
      626 words
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      404 15 GUTHRIE BOUSTEAD AGENCIES THE BANK LINE LTD. LYKES ORIENT LINE EXPRESS SERVICE MRECT FROM SMGAPORE TO NEW ORLEANS. MOORE. HOUSTON. GALVESTON ALSO ACCEPTMG CARGO FOR BANGKOK. MAMLA. TAIWAN. HONGKONG PUSAN AND JAPAN PORTS. USUI IYKES (Met A Mi). WTM tnO (Hack A laadO... 19 Fa* SNk I SINGAPORE *****4 PT
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      740 16 K LINE KAWASAKI KISEN KAISHA, LTD. (VIA SUEZ by Contain* TO EUROPE vs 26 Dec 27 Ok 114 tan It I* Maura m 19 ok 20 i>K 7 tan 9im 10IM 11 h ORCNTAL CHfF 12* 26 Ok 27 Ok 14 tan 1C 1m 17 Im IS I) MR COKTUC*
      740 words
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      830 16 w CALIFMNIA/PACIRC NORTH WEST SERVICE Load* tar U» ANGELES. MM FRANCISCO. SEATTLE. TACORM. MKOMI. B C P U»( Snfapore L Anftm vtSHVA MAOHUT 2/4 ian 5/ 7ln -8/10 In ifeb AUSTRALIA SERVICE CONTAINER SERVICE Spare Fre 2t Bk 41 20 tan n I LOAD* FOR Calcutta C Gont Calcutta IMb
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      428 16 ■NOL NEPTUNE ORIENT LINES LTD We wish to inform all our Customers and Friends that as from Monday 18th December 1978 NOL's daily shipping advertisements will appear on page 1 of the Shipping Page of Business Times. As Agents: Neptune Agencies (Pte) Ltd Singapore rr y > ■-<mii> SINGAPORE SHIPPING
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      Page 16 Advertisements Column 4
      517 16 M 7/7, MALAYSIA* INTf*NATK)HAL SMtPPING CO**O*ATK)N BCXHAD RBTRB my Faoler 'PHeUng MMI EIIANOtA MM SCLMBU FMNCBCA 22/12 NHOM FM»Osa a/12 KDDUM EUANOM 7/1 TOT MM Spore I) Msedtes 2) Rdam 3) Mburg 4) Gburg n/12 VI «/l 11/1 12/1 31/12 12/1 17/1 11/1 21/1 2/1 21/1 25/1 27/1 21/1 17/1
      517 words
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      Page 16 Advertisements Column 5
      659 16 t INTRfISEfI (PTE) LTD. f-<iber House 234E Orch vd 9 Tptpphone 2352* 11 2~ 340 r <7 MKKNKNT SH/FULI CONTAMER SERVICE TO EUROPE P Mmi Penant Laa4M| rir 23 Ok 4*n H b»t loattfitt (PIE) l» 2J***** HUM 2*445? m t TMOMC (MM 4M742. 444»7| EMUS WHIM MM MM *****/?
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      288 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DftECT LINER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) STORE PT KB. PENANG PT SAB ALEX -NLf U lan 1 Jaa 11 toe 21 SPHn U lan 27 Ftft 10 F«k 15 Stffcjtcl xiKMWrt MM TRANS CARGO PHASE CONTACT SCtCNKER SM6APORE TEL GENERAL
      288 words
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      Page 17 Advertisements Column 2
      282 17 ANHSING LINE REGULAR SOS-CQNTUO/LMR SERVICE nJNON CDC AH UMON BM.TMORE. 'Acccpbnt Container S'pare P. Ktlanc Penanf Loadnt I 2/ 3 Jan Jettah 20/22 JAN Jeddah LORD STEAMSHIP CO. S.A. TAMMN/STRAfTS/TAIWAN EXPRESS LMER SERVICE Loadnt far Part Katun. Peitanf, Keaknt Kwtini STORE P.KELANG PENANG TAIWAN LOON FAn Saint hi Pt/20 Dec
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      Page 17 Advertisements Column 3
      165 17 I g Seatrain ,FAR EAST WEST AFRICA SERVICES COffTAVO SERVICE ETA STORE FT* LAGOS HA PHAACOURT M.V. KYOSO MAMJ I tan 2 Feb (SEN NO. 80M744) Acctpfeai ia cap tar lift* Mm cjM« DmM. lif«/Appwj. Itamu (Aa4 TMU sMbfccl MMMI) SMART SOUTtt AST ASIA PTE LTD STORE *****66 BMKART SDN
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      Page 17 Advertisements Column 4
      321 17 OCEAN CONTINENTAL ENTERPRISE PTE LTD Room 610. 6th floor, High Street Centre. S pore 6 Tel *****/*****/***** REGULAR SAILINGS TO/FROM BANGKOK/SINGAPORE (ACCEPNNG GEN CARGO. CONTAINERS HEAWLIfTS) STOK BM ASEAN ENOEAVOUR ¥0Y 301/2 (S/N) In Port 24/28 Dec VOV 302/3 (S/N) 1/ S lan 9/12 lan CONTAINER FEEDER SERVICE STORE BKK
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      Page 17 Advertisements Column 5
      155 17 EVERETT STEAMSHIP [itrt ;l i [I)LI;7. "Makeverett" Voy. 42-W A rrd: 8.1278 Place of Survey: P.B.A. GdM. 40/41 General Survey on damaged cargo discharged at the above vessel will be held on 18th December 1978 from 8.30 a.m. No further survey will be held after this date. On 3rd November
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      157 18 u Hapag-Lloyd Hapag-Lloyd takes pleasure in announcing the appointment of SEGANI PTE LTD SINGAPORE and SEGANI SDN BHD KUALA LUMPUR as their Agents in Singapore and Malaysia respectively with effect from 22nd and 25th December 1978. In appointing their new agents Hapag-Lloyd would like to take this opportunity to thank
      157 words