The Business Times, 20 December 1978
1978-12-20
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The Business Times
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Title Section11 1978-12-20 1 BUSINESS TIMES M.C.(P) No. 21V1/78 WEDNESDAY, DECEMBER 2t, lf7B SO CENTS11 words
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BRIEFLY...
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Article69 1978-12-20 1 TOKYO, Tues. Japan and the United States nave agreed to mutually lower tariffs on industrial products by about 40 per cent in the Tokyo Round of multi-lateral trade negotiations, government sources said today. As a result, Japan's average import duty of industrial products will drop to about 369 words
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Article63 1978-12-20 1 AFP NEW YORK, Tues. The US business community is more inclined to expect profit fails than profit rises next year. The US Conference Board, a private research body, found that 30 per cent looked for higher profits but 40 per cent expected falls. A year ago 46 perAFP - 63 words
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Article59 1978-12-20 1 AP TAIPEH, Tues. The US will send ranking officials to visit Taipeh this week to discuss continued Taiwan-American economic, military, cultural and trade relations after the two nations sever diplomatic relations on Jan 1. The Tahwa Evening, a Chinese language newspaper, reported that the US willAP - 59 words
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Article65 1978-12-20 1 Agencies NEW DELHI, Tues. Hie Lower House of Parliament decided today to imprison former Prime Minister Indira Gandhi until the end of the parliamentary session, and to expel her from the current Parliament for breach of privelege. The vote followed a year-long probe by the parliamentary privilege committeeAgencies - 65 words
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Article63 1978-12-20 1 Reuter TAIPEH, Tues. Taiwan's stock exchange today suffered 'post-normalisation'' jitters as it adjusts to the new Peking-Washington ties that it had fought against fen* so long. The.island put its 500,000 troops on full alert and boosted defence expenditure after the shock weekend announcement, which even prompted oneReuter - 63 words
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Article32 1978-12-20 1 Reuter MANILA, Tues. The International Fund for Agricultural Development (IFAD) had approved a loan of_USslo million (Ss22 million) for a Philippine irrigation project, the Philippine Agriculture Ministry said today. ReuterReuter - 32 words
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Article74 1978-12-20 1 BRUSSELS,Tues. The European Common Market is not satisfied with American and Japanese offers at the world trade talks in Geneva and will press to keep them going until its claims are met, German Economics Minister Otto Graf Lambsdorff said here today. He said the talks had made74 words
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Article58 1978-12-20 1 UPI NEW YORK, Tues. IBM's decision to raise its dividend and recommend a split in its shares helped the stock market move higher this morning. The Dow Jones industrial average which dropped 17.84 points on Monday was ahead 3.29 at 11.00 a.m. Advances led declines, 769 to 331,UPI - 58 words
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Chief Price Changes
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Article138 1978-12-20 1 Falls Most Active Chin Teck O C B C 220 766 -55 -25 S Darby H Par 1,007,000 211 Straits Trailing 540 -20 Chin Teck 125,000 CCH 488 -17 UO B 103.000 DBS 386 -16 Total Turnover: 4.37m M Banking C ft C 600 496 -15 -14138 words
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Article, Illustration146 1978-12-20 1 Falls Most Active CCM 470 -40 S Darby 579,000 352,000 257,000 188,000 Kramat S Trading 239 545 26 -25 Consplant H Par FA N DBS 492 w -23 18 Gen lings M Banking 600 -15 Total Turnover: 2.94m Petaling 670 -15 Total Value: MJ7 33m OCBC 785146 words
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Article658 1978-12-20 1 FOO CHOY PENG - CRUCIAL SIX-MONTH TRIAL By FOO CHOY PENG A JAPANESE electronics giant, Toshiba, is to invest between $18 million and $20 million in Singapore to set up a television manufacturing plant. Its wholly-owned subsidiary, Toshiba Singapore, will start operation in February at an 11,500-sq metre PSA658 words
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Article254 1978-12-20 1 SINGAPORE'S inflation rate nosed upwards again last month after dipping in October According to the Statistics Department, the consumer price index (CPI) rose by one per cent in November from the previous month. This is a turnaround from October's drop of 1.1 per cent.254 words
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569 1978-12-20 1 WANG LOOK KEAH - •y WANG LOOK KEAH THE National Trade Union Congress has asked for government assistance to help retrain white-collar workers expected to be retrenched in five to 10 years' time. The Industrial Training Board and the NTUC have together initiated two surveys to assess569 words
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Article55 1978-12-20 1 MARGINAL FALL DISMAY at the Opec price rises kept the lid on the dollar when European money markets opened yesterday, but significantly boosted the price of gold. The opening gold price in London was up by U554.75 at $217.(25 »nrf up $3.70 in Zurich at $Z16.875. The dollar was down55 words
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Article113 1978-12-20 1 INDONESIAN Foreign Minister Mochtar Kusumaatmadja yesterday expressed disagreement with the proposed Asean summit meeting saying "it is not necessary to have it in the near future." Mr.Mochtar after his return from a foreign tour said Asean foreign ministers will hold an annual meeting in Bali in113 words
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197 1978-12-20 1 INVEBTOB !■!>■<■ ii ever the ishmnml by the SUek Rxehaage Wagspiti that there will as taagw he a urgh regalremeat far settles Mat tradtog waaed yesterday as the impact sf hike drove ■Mapapas ever breakfast yesterday er whs were Istoalag to their197 words
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534 1978-12-20 1 A MALAYSIAN rubber trading company, with a branch in Singapore, has appealed to the Privy Council against a decision by the Malaysian tax authorities regarding its Singapore branch losses. If allowed, the case will establish a precedent and alter drastically the current practice of534 words
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Page 1 Advertisements
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Advertisement33 1978-12-20 1 whatever you need in menswear, get it at... MOHAN'S DEFT. STORE (PTE.) UD. 321. Occhwd Road TW *****22 lnext to Mandarin now Bunch: 101,Tinglin Shuiminy Cutra fm *****40 D»ly 9am-9pm SEE BACK PAGE33 words
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Advertisement113 1978-12-20 1 r i» r a \-ii BIRKART FREIGHT NEWS GBN Contaner Line' ore pleased to announce the extension of their existing Far East and Singapore/Logos service to include: I Douala (Cameroun) Port Harcourt (Nigeria) Abidjan (Ivory Coast) Monrovia (Republic of Liberia), and Tema (Ghana) subject to inducernent Commencing with soiling of113 words
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Advertisement217 1978-12-20 1 ROYAL SPORTING HOUSE PTE UO 201. High Sue* Cewe.s*igwwe« T« 2HMS9 4 2MH4 The Editor 4C—a robust, yet very elegant machine. The heavy-duty Editor 40 is built for continuous use This is a very tough, fast typewriter that'is easy and reliable to operate. It's trouble free. And it doesn't allow217 words
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TRADE AND INDUSTRY
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130 1978-12-20 2 MARUZEN Asia, whollyowned subsidiary of Maruzen Company, officially began its publishing operations yesterday. The company, which was incorporated earlier this year, belongs to one of the oldest Japanese distributor and publisher. The Singapore subsidiary is expected to take over the parent's publication of English-edition books130 words
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Article, Illustration424 1978-12-20 2 WANG LOOK KEAH - By WANG LOOK KEAH THE SINGAPORE Corporation of Rehabilitative Enterprises (Score) reported net profit of |85,165 for the last fiscal year (ended March, 1978) from $375,169. Put of the surplus will be channelled to a proposed cooperative which will be launched before the424 words
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Article519 1978-12-20 2 AFP UPI SOUTH Korea will aim for a real economic growth rate of 9 per cent next year, a sharp cut from 13 per cent forecast for this year. Disclosing this, the Economic Planning Board said that the government will seek stabilisation insteadAFP; UPI - 519 words
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Article157 1978-12-20 2 AFP A TOP Filipino executive has wed Chase Manhattan Bank of New York for 8.1 million peaoa (552.4 million) in damages (or allegedly dismissing him without cause and due process. American-educated Eduardo Fajardo also asked the Philippine National Labour Relations Commission, which exercises Jurisdiction over suchAFP - 157 words
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Article181 1978-12-20 2 MOUNT Elizabeth Hospital, when it opens next year, will be the first private hospital here to be fully computerised. Dataprep group reported the hospital ordered a Nova 312 computer earlier in the year to compliment Its clinical facilities. The computer includes two disc storage, one printer181 words
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287 1978-12-20 2 Reuter UPI THAILAND'S deputy Commerce Minister Prok Amaranand has signed a contract to sell Indonesia 100,000 tonnes of 10 and 25 per cent milled rice valued at about US$5O million (SHIO million). Mr. Prok said shipment at the rice would start from thisReuter; UPI - 287 words
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264 1978-12-20 2 AUSTRALIA'S airline dispute may be settled within the next 24 hours. Internal airlines have been disrupted for eeveral days but overseas flights were only slightly delayed in Sydney, Melbourne and Perth. The Arbitration Commission was to have met yesterday to consider "new evidence" from the264 words
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Article52 1978-12-20 2 THAI rubber exports in September increased to 41,319 tonnes from 34,738 tonnes the previous month. Last September exports stood at 43,470 tonnes. Rubber exports during the first nine months of the current year were 355,37 V tonnes compared with 343,700 tonnes during the same period of52 words
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272 1978-12-20 2 Reuter OFFICIALS from 17 countries In the Asia-Pacific region wound up their weeklong conference in Tokyo on Monday with proposals for measures to promote investment in developing nations in the area further. The conference, sponsored by the UN Economic and Social Commission for AsiaReuter - 272 words
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Article156 1978-12-20 2 Reuter AUSTRALIA, increasingly worried about its dwindling domestic oil reserves, is likely to Join the International Energy Agency (lEA). The Paris-based organisation was formed in the aftermath of the 1973 oil crisis when 19 industrialised countries agreed on a programme of international cooperation onReuter - 156 words
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Article, Illustration261 1978-12-20 2 MR. CMs InMfeir has been appointed director associate and licensee operations of the Perkins Group, covering South-east Asia. His sphere of operations also covers associate and licensee companies in Europe, the Middle East and Japan and he is one of the group's most travelled executives. Mr. Kraushar,261 words
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Article178 1978-12-20 2 THE Klngspirr Internattaaal ttMihr of Cem'merce (8ICC) has pnb--Ifeted a booklet la help exporters (ran developing eeaatrtee la lake gives hy fcwhpei aaCalled "GSP: What It ■mm aad hew it eaa A t #uli y" f the galde aela eat te explain the rales178 words
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Article, Illustration256 1978-12-20 3 A NEW bard-mliliag, high-yielding wheat has bees devetoped la Aastralia. aewa w waripl, u Aboriginal ward for ding* (a wild bosk dag) the ■mm was ehMM keoww Its first fosr tetter* represeated the laltlals sf the ptoee ef Its ereattaa, Seath Australia's Watte Agriealtaral Research lastltate. Dr Tssy256 words
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Article354 1978-12-20 3 Agencies JAPAN, which must import 99 per cent of its oil, is seriously concerned over the decision of the Organisation of* Petroleum Exporting Countries to raise its oil prtCfes 14.5 per cent by Oct L*~Z Both the Japanese government and oil industry said that even thoughAgencies - 354 words
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Article279 1978-12-20 3 COURSES AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, srrc Feb 12-13: Finance for nonfinancial managers, Ming Court, Price Waterhouse Feb 15-16: Critical path analysis and project management, Ming Court, Price Waterhouse Feb 19-20: Cost control for managers, Ming Court, PHce Waterhouse279 words
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Article, Illustration657 1978-12-20 3 KADIR JASIN - By KADIR JASIN MALAYSIA reacted In mixed fashion to the decision by the Organisstion of Petndeum Exporting Countries (Opec) to increase the price of crude ail by lO pacent in (our steps next year. This is because, being s657 words
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405 1978-12-20 3 AFP UPI THE UNITED States has assured the association of businessmen trading with Taiwan that commerce between the two countries will continue and increase despite diplomatic recognition of the Chinese government. Mr. David Kennedy, president of the US-Republic of China Economic Council, whichAFP; UPI - 405 words
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398 1978-12-20 3 AFP A RECORD wheat harvest of 434 million tonnes this year or 12.5 per cent more than last year (385.5 million tonnes) is forecast by the International Wheat Council in its latest report. The council's previous estimate, in October, was 420 millions tonnes. TheAFP - 398 words
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Article346 1978-12-20 3 US Agriculture Secretary Bob Bergland said on Mooday America's diplomatic recognition of China will spur increased agricultural trade with the mainland and probably will not cut into US (arm exports to Taiwan. Mr Bergland said when he visited China last month lack of normal diplomatic relations346 words
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257 1978-12-20 3 Reuter A GROUP of 100 Japanese business leaders will visit China next Friday to attend a ground-breaking ceremony for the construction of a giant steel complex at Paoshan, near Shanghai, Nippon Steel Corporation (NSC) said. Mr. Yoshihiro Inayama, NSC board chairman, will leadReuter - 257 words
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Page 2 Advertisements
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Advertisement175 1978-12-20 2 They protect circuits and more. I t I'll Your installed costs. General Electric designs circuit protective devices for fast, easy installation. That way, they help keep your installation costs down. And during these difficult times, they also help you make every available man-hour fully productive. Your image. Your profits. When175 words
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Page 2 Miscellaneous
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Miscellaneous558 1978-12-20 2 LI TWO-IH-CRYPTIC PUZZLE ACBOBB Allow to fee) pain? (6) A girl's noble to reduce the price (8) Elapse, t Elapse, possibly, while unconscious (6) 10 It's fine to have some grub to eat (5) 13 Bottle shared by a couple 14 He'll give attention to the start of a lecture558 words
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Page 3 Advertisements
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Advertisement224 1978-12-20 3 Pocket Hie world's first pocket-sized TV Believe it or not, the Sincfair Microvision measures only 160 mm x 113 mm x 43mm and weighs an incredible 740 gm. And yes, quite literally, you can slip it in your pocket. For all it's small size, it's crammed with some great features.224 words
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RAW MATERIALS
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Article382 1978-12-20 4 THE Singapore rubber mar- ket yesterday closed slightly lower with January one RSS buyers quoted at 233.00 cents per kilo, down one cent from yesterday's close, dealers said. Morning prices were marked down slightly on lower London advices and forward offerings, they said. Afternoon prices fell382 words
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Article29 1978-12-20 4 Rubber: Dec 19 Singapore: January: 233.00 cents (down 1.00 cent) Malaysia: January: 235.50 (down 1.00 cent) Tin: $1,793 (up $4) Official offering: 185 tonnes (up 3 tonnes)29 words
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Article348 1978-12-20 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. 233.00 234.00N 232.00 233.00N Int. 1 R.S.S. Jan 234.00 234.50 233.00 233.50 Int. 1 R.S.S. Feb 236 25 236.75 235.25 235.75 Int 2 R.S.S. 232.50348 words
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Article85 1978-12-20 4 NOON SSR and SMR prices yesterday RA8 tea (Cam wrjf MMtk) Hi Fetraaiy •nrard Mtfc) SSR 20 SSR SO (1-ton pallet) (1-ton pallet) (reata 235.50 232.50 237.50N 234.50N. (e 236.50 233.50 yen Sellers 238.50N 235 50N MRELB SMR SCV SMR SL SMR 5 SMR 10 SMR 2085 words
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Article183 1978-12-20 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) White rice: 100 pet Ist class 335. 100 pet 2nd class 320, 100 pet 3rd class 315, 5 pet 308, 10 pet 290, 15 pet 280. 20 pet 275, 25 pet 270.183 words
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Article215 1978-12-20 4 RAW SUGAR futures in London yesterday morning opened £1 to £1.10 per tonne up on Monday afternoon's closing levels. Turnover totalled 410 lots. The market was very quiet with prices easing back slightly from firmer kerb levels until meeting light commission house support which stedadied values. The London daily215 words
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Article324 1978-12-20 4 DEALERS reported another quiet day of trading on the Singapore produce market yesterday. They said that with most the world's markets geared to the end-of-year festive season, very little activity will be seen. Pepper was reported to be steady and stockists said there was ample stock in Singapore.324 words
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Article173 1978-12-20 4 SUGAR futures trading remained quiet throughout in Hongkong yesterday, on continued lack of interest, while turnover dropped to the previous record low of one lot from three on Monday, dealers said. July was the only month traded, which closed at US 9.65/75 cents against Monday's 9.30/96 close. The173 words
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Article183 1978-12-20 4 YARN and cotton la Hongkong dollars. spot ex-godowo: Otftsa yam: dun* Blur PhoeBiz *1 UB; 3k 2J40; 3.030 (per bale sf 400 lbs). Pkaa goods: China Butterfly and Globe brand uaq, Dragon Head unq; Five Lambs uaq; Flower aad Butterfly unq Flying Owe unq (per piece 30 inches183 words
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Article199 1978-12-20 4 ROBUSTA futures in London yesterday morning opened slightly easier down £22 to £6 per tonne from Monday night, with untraded new January £2 up. Turnover was 1,253 lots, which included 1,000 lots of cross trades involving 500 in March and 500 in May. Dealers said the decline was largely199 words
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Article209 1978-12-20 4 SOYBEAN futures capped a strong performance with closing gains of 14 to seven cents a bushel in Chicago on Monday. Soybeans soared on speculative buying linked to US recognition of China, which many believe will result in more Chinese buying of US grains. Equally important, according to analysts, was209 words
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Article202 1978-12-20 4 WHEAT futures advanced 7 V« to 3V« cents a bushel at midsession in what traders labelled as generally dull dealings in Chicago on Monday. Wheat socred gains, as did other futures, on news that the US will formally recognise China, a move that encouraged speculative buying on the belief202 words
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Article56 1978-12-20 4 C.I.F North European ports, in US dollars D*r ton un i M otherwise staled Usn unless LONDON: Malaysian sSffa bulk per tonne M n P***»ous February 613qUl aauir Sumatra 5* ffa bulk 803^r December unch 800 6lood Sgr SSJUa, JJa«- g^pd* unq Sumatra Mu j Dee raw Zalre<Betc56 words
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Article281 1978-12-20 4 THE Straits tin price in Penang yesterday rose another M»4 per picul to 81,793, 193 above the International Tin Agreement ceiling, dealers said. Despite slightly higher tin contributions, the market rone on sustained support from Japan, the US and local operators following the higher London closing, they said281 words
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Article278 1978-12-20 4 SILVER gained 1.4 pence all round in London yesterday morningPrices advanced in the pre-market under the influence of the strength in gold. The market last part of the gains in later ring dealings with a downturn in gold and a relatively low bullion dealers fix dampening sentiment. The turnover278 words
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Article56 1978-12-20 4 LEAD finished the morning down mostly £1 per tonne in London yesterday morning. The pre-market was shaded reflecting the firmness of sterling but short-covering steadied prices in the ring where the tight nearby situation maintained the backwardation at around £251 Some us physical demand was also noted. Sales of56 words
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Article55 1978-12-20 4 ZINC closed the morning down £2.5 for cash and £2 for three months in London yesterday morning. The pre-market was quiet at marginally lower levels in the absence of fresh physical demand although the ring tone was steady prompted by further cash buying associated with producer interests. Sales of55 words
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Article47 1978-12-20 4 ALUMINIUM closed £4 down for three months in London yesterday morning. Traders said the movement reflected the trend in base metals. The market held steady at the lower levels, however, with the technically tight nearby position rewlting in a backwardation from January onwards a sustaining influence.47 words
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Article253 1978-12-20 4 COPPER wirebars finished the morning down £2.5 for cash and £3 for three months in London yesterday morning. The pre-market declined under selling prompted by the overnight movement at New York and the continuing strength of sterling against the US dollar. But the lower levels found good covering support253 words
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Article161 1978-12-20 4 TERMINAL cocoa in London yesterday finished an active morning £4.50 to £16 per tonne higher than Monday although generally below session highs. Turnover totalled lots, of which 2,814 lots were crossed. The market had earlier rallied on trade and shortcovering support from opening call losses ranging to £21.50, basis161 words
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Article424 1978-12-20 4 GOLD futures closed quietly steady in Singapore yesterday, with prices showing small gains on the day after t sharply higher opening in ie with firmer overseas markets, dealers said. Turnover Ml slightly to 75 lots against 80 lots on Monday with activity centred on February and April contracts while424 words
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MONEY AND EXCHANGES
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Article432 1978-12-20 4 THE US dollar weakened marginally against major currencies on the foreign exchange market yesterday as nervous trading continued from Monday. Against the Japanese yen the dollar opened at 192.30/ 40 but firmed later to 193.00/ 10. It slipped back slightly to 192.95/193.06 at about Tokyo close. But when432 words
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Article171 1978-12-20 4 Asian rates ASIAN currency deposit interbank rates as at close on Dec 19 US Dollar*(Spoil Offer BM 7 days 10'< 10'« 1 month 11 <• 1L 2 months 117/16 115/16 3 months 1113/*****1/16 6 months 12 3/16 121/16 B months ll'» ll'« 12 months 1113/16 1111/16 iwM Da*. ir,|, 1171 words
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Article52 1978-12-20 4 Range of pi icn offered by discount boui ie« on Dee 19; Overnight 4'.% Call deposit* 4 to 4' nmlif Baying Selling 3 monUi Treasury bills 4'. 4 3 month Bank bills 7'. T» 3 month CD 7'j T« 6 month CD 7 11/16 7 8/lt Source: National Discount52 words
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Article21 1978-12-20 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.6 per cent.21 words
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Article43 1978-12-20 4 FRANKFURT exchanges opening quotes yesterday: US ***** 78 Can 1500 38 St* 3 72 3 73 Dfl 82.53 83 Sfr 111.88 U2.IBLM 2.221 233 Pfr 43-53 43 Nkr 38.85 ft Btr cm 8.217 227 BTr (In 8171 8219 Yen 8.8885 0 *0543 words
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Article259 1978-12-20 4 THE dollar in London yesterday opened lower against most European currencies and eased further in early trading, dealers said. Trading conditions were much quieter than Monday when a surge of dollar selling following the Opec oil price hike pushed the US currency sharply lower, though further central bank support259 words
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Article253 1978-12-20 4 THE dollar closed slightly weaker In New York on Monday from opening levels and well below Friday's closing levels in moderately active trading, dealers said. They said heavy central bank intervention in Europe early on Monday and apparent intervention by New York Federal Reserve Bank helped to contain253 words
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Article131 1978-12-20 4 THE US dollar for overnight delivery in Tokyo yesterday closed steadier at 193.35 yen, compared with a 192.50 opening and 193.30 at Monday's close, after falling briefly to 192.00 yen in early trading, dealers said. The US currency finned in moderate late trading on import covering by Japanese corporations131 words
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Article54 1978-12-20 4 AUSTRALIA/NZ exchanges quotes yesterday: US dollar 1.1887 i 1.1888 Sterling 0 5950 0 5780 Ninety-day air mail buying rates: Sterling 0.5885 US dollars I.UM Ninety-day forward buying rates: Sterling 0 5819 US dollars 1.1288 New Zealand Sterling 0.5308 0.53 M US dollar 1.888 1.0583 Ninety-day airmail buying rates: Sterling54 words
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Article48 1978-12-20 4 HONGKONG b«nknote* >esterday: US 175/4.77 UK 8.48/9.88 Burma 1.30 1.50 frz India 4.70 00 ul fcS—ila 070 0.80 Japan 2 4B 2.475 Korea 0 75 0.85 Philippines 0 585 0 005 Singapore 21ft 2.215 Malaysia 2175 2. lft ZL Brunei MS/2.17 Thailand 23 50 /23.J0 Taiwan 12J8/12J8I48 words
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Article42 1978-12-20 4 ZXJKKJH exchanges 4*g quotes yesterday: US I.BS&MKI Stg 3 3210-3242 Can 1 3K2-38K Dm* amis Dfl 82*14-4522 Ftr 38.8(*****5 Bfr iBSMB <*• Dkr 31 BMO-M4l 3cr S.KS K Lit o.m*-tm Am ack 1X1824-1717 Port 3 5752-8807 Spain 2.M33-M54 Art 0.17-27 Yea 0874-BSS42 words
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Page 4 Advertisements
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Advertisement147 1978-12-20 4 J TO nn mow md «Mi Um RIGHT QUALIFICATION? wM) FEDERAL PUBLICATIONS HOME SIUMEC DIVISION ttu foMowint court* and gtt jim THAT QUALIFICATION! WOLSEY HAM, OXFORD tnntaiaaof AdmMftratfco London Chamber of Oom Managamsnt and Industry institute of Benkan HSC/OC6 A' Lml Institute of Charwad Secretariat MCE/SCQCE *0' Uwl wd Admlnhww147 words
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OVERSEAS
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567 1978-12-20 5 Reuter THE 14.5-per cent increase tn world oil prices is likely 'to force President Carter to act more quickly to lift price controls on domestic >US oil production despite the complications it might poae for his anti-inflation campaign, oil industry analysts said.. AboutReuter - 567 words
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Article260 1978-12-20 5 COMMON Market alaliteri agreed ea Meaday they eeaM yet take eeart aetlea -filar* tke EEC Cemmtoelea la a rev ever the IVH kadget. State Secretary Maafred I ikaateia ef tke West Germaa Plaaaee Mtotetry iaM, after ckalrlag a laectlag e( kadget that tkto eeaM kappea260 words
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1077 1978-12-20 5 UPI Reuter SPURRED by the announcement of an oil price increase and a new drop in the dollar, finance ministers of the European Common Market have approved the final draft of a new monetary system to take effect on Jan 1.UPI; Reuter - 1,077 words
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Article603 1978-12-20 5 UPI Reuter US housing construction turned in another strong performance last month, the government reported on Monday, but builders said the statistics are misleading because soaring interest rates are already hurting housing sales. New construction of homes and apartments was at an annual rate of 2.1 mil-UPI; Reuter - 603 words
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WORLD IN BRIEF
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Article522 1978-12-20 5 Agencies ,XHE Soviet Union has put into operation the first stage ~pf its giant assembly-line .factory "atommash" which will produce one-million-kilowatt atomic power reactors, the Tass news agency imported. For the first time in the world the output of such reactor units will be organised almost by assemblyAgencies - 522 words
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190 1978-12-20 5 Reuter THE US naaacbl Aecwurtiag Biard (FASB) said Its acesaatteg ifiriiN m traMlattoa ef Imip eamaey traasaettoas hu affected the way rsmpsales nwwge their expaaare to ehaages to exehaagt rates. A heard mmmni stady ea the effects sf the eeatrevental FASB t Standard feaadReuter - 190 words
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469 1978-12-20 5 Reuter EUROMARKET spreads have reached their lower limit at a basis of H to V« per cent over London Interbank Offered Rates, Bayerische Landesbank Girozentrale managing board member, Mr Hans Peter Linss, said. Mr Linss told a press conference for Bayerische Landesbank InternationalReuter - 469 words
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Article136 1978-12-20 5 Washington Star NATIONAL banks offering credit cards to consumers in different US states may charge all of them the interest rate allowed in the bank's home state. The US Supreme Court has ruled that the mere fact customers use their credit cards out of state does notWashington Star - 136 words
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Article, Illustration256 1978-12-20 5 AP FIFTY million Frenchmen aren't enough. That, in effect, is the warning President Vaiery Giscard d'Estaing (above) has given his people in urging them to hsve more babies. The falling birthrate is a gravely disturbing problem, Mr Giscard declared recently to a gathering of welfareAP - 256 words
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Article736 1978-12-20 5 ARRIVALS Service Local Operator Nwbcr Tiae Proa TMA TL375 (630 BEY/DXB/ MAS BOM/KUL MH601 0700 KUL MAS MH682 0725 KCH SIA SOlOl 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0M5 PEN/KUL CPA CX710 1005 HLP GIA GA980 1030 HLP THAI TG423 1035736 words
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Page 5 Advertisements
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Advertisement182 1978-12-20 5 SINTAT Rent-a Car •> ,4P Wf Uk- i. T t H L /hh c1 T 11 i )S' o" Coll us for your locol or nwnrd reservations i, T> What profits have you made on your investments this year? Average Annual Return (AAR) Dec 1977 June 1978 Sources of the182 words
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323 1978-12-20 6 NEWS that white-collar workers may soon be faced with loss of their jobs will be greeted in many quarters with disbelief. In prosperous Singapore, the thought that many would lose their jobs is remote. Any worker does not easily forget the years he has323 words
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Article194 1978-12-20 6 THE SIGNIFICANCE of this week's agreement between America and Japan on issues within the Tokyo Round of talks is yet to be fathomed. Does it mean this initial accord can induce the other 97 countries in the multi-lateral trade negotiations (MTN) to come to an agreement?194 words
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2413 1978-12-20 6 AWTHER SINGH - THE LAW AND THE COMPANY DIRECTOR WHAT HAPPENS when directors of a company exceed the powers vested in them by the company's memorandum and articles? In the fifth of his series on the company director, AWTHER SINGH discusses the 'indoor management rule' and2,413 words
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Page 6 Advertisements
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Advertisement261 1978-12-20 6 Sandemairfs Cream Sherry You don't have to pay a high price for a good Cream Sherry. Another quitey product from flBß| Getaway to Sentosa For a fun-filled X'mas New Year holiday package >* Oo something completely different this year. Peck up your begs end take off to Sentoea. Then enjoy261 words
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Page 6 Miscellaneous
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Miscellaneous164 1978-12-20 6 THE rainfall tor the Brst 15 days of December was above average over all of Singapore but the north east monsoon has slackened over the whole of South-east Asia. However, westerly winds associated with a tropical storm expected to form to the southwest of Sumatra during the next few days164 words
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Miscellaneous243 1978-12-20 6 183 SINGAPORE 5 Opening followed by The Beverly Hillbillies The Week Before Christmas (Repeat)* Diary Of Events (Malay)* Bonanza Shanklin* Intermission Opening followed by Petticoat Junction Love Rears Its Ugly Head (Repeat)* news in Brier Timang Tinggi Tinggi (Malay—Repeat)* The Transnational (Documentary)* News and Newsreel in Malay* The Music Man*243 words
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896 1978-12-20 7 RICHARD PHALON - By RICHARD PHALON NYT THE MAGIC umber tor yMiwtertrt shertterm hwKw to the ÜBitod States these days Is It per eeat. Ysa eaa get II per eeat ea the Uweeks savtoga iwMlkalwi being sffered by auy thrift tostttattoas ysa eaa get 19 perNYT - 896 words
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Article, Illustration1086 1978-12-20 7 STEPHEN BRONTE - JAPAN, being almost, totally dependent on foreign energy supplies, has been trying to find alternative forms of energy. The abundance of volcanoes in the country may provide one such alternative geothermal energy. STEPHEN BRONTE reports on the possibilities being explored in Japan's "sunshine" programme. STEPHENFT - 1,086 words
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Article364 1978-12-20 7 A COLLEAGUE, happily enjoying the food and pleasant atmosphere in the European restaurant of a local hotel, turned to one of sever-t al attentive waiters hover- ing discreetly nearby and remarked that he was impressed by the exceptionally high standard of service in the place. Replied364 words
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Article992 1978-12-20 7 John Tan - FORUM ..with John Tan MERCIFULLY, another species of monstrosity bred in Singapore's earlier past has been scheduled to be killed off with ail despatch. Community centres, as they have been known in the pact, will now be demolished to make way far shiny new million-dollar structures992 words
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Page 7 Advertisements
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Advertisement340 1978-12-20 7 Come to ourncwh." tcnoviitcd kningr vSnda Rir t 'Of) 9r »> m 1 Sf? V ■2i _w fTI in"' w ->u o discount v., w SpF OochTd Inn >VA -I s mifl SANG AM' ioices in f\armonx A nod of her head A suift movrmfnl of her eves A flexing340 words
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Page 7 Miscellaneous
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Miscellaneous15 1978-12-20 7 iristour: RanicDicfceas OU£? MOUC.S NOfc TUe NCYT Df\>/.„ nor. Tue Df*Nf.._N3R TUt NGJtT DRV.. id15 words
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INTERNATIONAL STOCK MARKETS
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Article323 1978-12-20 8 Source: SHK Sec Ltd. WITH THE holiday season drawing closer, the market became quieter with small "cheap buying" being displaced by light selling. Prices drifted lower throughout the day despite encouraging results from HK t ally and Tf Cheng, ey closed almost at their y's lows. HK Bank wasSource: SHK Sec Ltd. - 323 words
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Article54 1978-12-20 8 Reuter 'DAIWA BANK has reported lifter-tax profit 5.60 billion '{fen (5.26 billion) for the six Months ended Sept 30 and of 2.5 yen (same). DAI-ICHI Kangyo Bank has announced after-tax ■profit of 13.67 billion yen 'X 13.67 billion)for the six 'months ended Sept 30 and dividendReuter - 54 words
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640 1978-12-20 8 Tokyo Source: Daiwa Sec THE MARKET opened weak yesterday reflecting Monday's bearish mood. However, it gradually Armed in the afternoon with interest mainly on medium-sized blue chips due to buying by institutional investors. Turnover increased again, compared with 220 million sharesSource: Daiwa Sec - 640 words
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Article259 1978-12-20 8 DEC 19 Cents INDUSTRIALS A. C. 1 180 -1 A. N. 1. 110 unch A. P. M. 106 unch Ampol Pet. 73 -1 B H. P 868 4 Bank NSW Bor&l 225 unch Brambles 165 unch C. B. A 243 unch C. S. R 325 Coal Allied 510 +6259 words
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Article284 1978-12-20 8 THE STOCK market closed mixed yesterday with an easier bias, dealers said. Bangkok Bank dropped 8 baht to 406, Bank of Ayudhaya 6 to 280, General Finance and Lee Kwang Ming 4 each to 396 and 231, and Thai Farmers' Bank, Bangkok Investment and Siam Credit 2 each to284 words
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Article55 1978-12-20 8 THE MARKET closed mixed yesterday with minings gains while commercials and oils declined, dealers said. Turnover fell to 10.3 million pesos from Monday's 113 million. The only gainers were Pogei and CDCP while Atlas Con B, Marinduque B, Basic Petroleum, Oriental B, Phil Overseas, BF Goodrich, Meralco and PLOT55 words
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Article62 1978-12-20 8 FINANCIAL TIMES INDUSTRIALS Monday 474.0 Friday 481.0 Week Ago 4323 DOW JONES AVERAGE INDUSTRIALS Monday 787.51 Friday 806.36 Week ago 817.85 LONDON DOLLAR PREMIUM Monday 75'« to 75*« Friday 76V* to 77 H.K.HANG SENG Tuesday. 491.47 Monday 496.34 Week ifo 513.81 SYDNEY INDUSTRIALS 453.65 Tuesday Monday 456.13 Week62 words
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Article328 1978-12-20 8 GOLDS were firmer in moderate »«»g« following the higher bullion price indications, dealers said. Gains ranged between 50 aad 100 ceats amongst heavyweights while smaller priced issues were five to 25 cents firmer. Mining financial* rose in line with producers, though gains were less sharp. De Beers advanced eight328 words
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Article27 1978-12-20 8 THE LONDON Stock Exchange said it has withdrawn the General Electric Co s April 1979 call option at 240p due to the abarace of open interest.27 words
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Article396 1978-12-20 8 EUROPEAN MARKETS ZURICH prices d—d weaker in quiet trading, influenced by Opec's oil price increase and subsequent dollar weakness against the Swiss franc Dealers aaid leading >»■■*« aad insurance were steady to slightly lower. Oerlikon-Bueh-rie bearer aad Oektro-Watt weakened in while Motor Columbus, whose Mobag subsidiary is396 words
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Article131 1978-12-20 8 owe U frmnes AcUOOJ SuiCM* JM -1 Aluculca* Br. IN _i 0 i S5SSS?c—r 3 gllra A Credit SutaM Raf 411 .1 Pafctrowaa Br. ith -is T* SSiru Roche I/M man .tm HMat Br —MO 13 InMrfood Br. J7S0 -ic JelmoU Br un -10 Motor-Cotum bus 710 _ij "-U*131 words
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Article143 1978-12-20 8 DEC It ru AMI AboM mat -u ***** uncfi *40 -U •MO -0-J Am rot tut SSF" BnU BonumlJ Burhmann HJO 41 SOJC -U 0140 +04 00.10 -04 147 JO -t 7140 -0.7 Oktv* Dtin DeU Mif Ennu Fofcktr ***** 12SJ0 0-5 1*00 -14 B40 +0.1 ***** -1 OekWr143 words
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Article250 1978-12-20 8 DEC 1* Fr» CORBEILLE Air-Liquid* B S N Qtrrui Ptnftftt CBr (Thomsonrsrfi 3M MS m -1 -10 -f O* Francaiat dN PctlOtM awMpn Ftnanctere 12M0 -u Compacnte OtMTIli Credit Fonder D* France J I 1 1 -IS .1 Hachette (UDralrte) MirMnn Bull 2M SOJO -0.2 Mlchelln <B) Paribai Pechlney250 words
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1289 1978-12-20 8 NEW YORK A SURPRISED and disappointed stock market dropped sharply in moderately active trading on Monday on news of a larger than expected Opec oil price increase (or next year. Analysts said the 14.5 per cent rise will force the market to review all1,289 words
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Article96 1978-12-20 8 DEC if m FORWARD MARKET 404 i Arbad 1 -130 Astur f# -10 Braacan 422 Bru-Laaab IOC 1 ill rinpn (3 612 436 -14 De Bun It! -1 ■Dm m Bactrobal TJJC Qb-lnno-Bm MIS i 1 +J0 -a <W» ISM Hobo* MX 1 -IS 1 -15 Ryl Dutch 178096 words
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Article157 1978-12-20 8 DEC 1* Acf-Tclefunten Dm 1M0 •1 Akao M -1 Allx Letwn MUD until Alt* Van •Vljd 1 M." 1 —r ~r —r--14 •1 A3 J J 3 M In Vtra ooU Oummi xpi— 5 :x .1 -c •4 i -a E G I TUB -4 MM -4 MUM Dt157 words
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Article309 1978-12-20 8 THE MARKET closed broadly lower on Monday in line with US trends. A 14-point drop in the composite index was the largest since the 22-point decline of Oct 20. Lasses led gains by a three-to-one margin. Golds moved against the trend with Dome Mines up 3'/% to 88, Campbell309 words
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275 1978-12-20 8 Reuter LITTON Industries' net operating income for the fiscal second quarter to Jan 31, will be ss good ss or better than the 59 US cents a share reported a year ago. Mr. Fred O'Green, the president, said after the annual meeting thatReuter - 275 words
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Article74 1978-12-20 8 Reuter THE US Court of Appeals in New York continued s stay hiortrtng United Technologies from buying Carrier common stock, pending a ruling on an appeal by Carrier and the Justice Department. A federal court in Syracuse, New York, on Nov JO rejected bids by Carrier andReuter - 74 words
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Article90 1978-12-20 8 DEC U UN Ante SOJO -U Aaoe Oan JMOO -MB Bwttfl "7 -44 Oantrala 4S1( -W Plat TO1 -81 matter 18 Oao Immob 72 0J6 m m -a Ittkaainu -m I(a%ai Mi -it ItaMdar M -it MafnaU M H IIW iU Maralll Krc m •n IMiot MM •4M Miraiaaaa90 words
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Page 8 Advertisements
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Advertisement200 1978-12-20 8 The NEW CXFCRD ILHJSTR4TED DICTICNARy yzs 1978 in Two Volumes Here it is Oxford celebrates its Quincentenary Year (1478 1978) with the publication of THE NEW OXFORD ILLUSTRATED DICTIONARY. The NeW Oxford Illustrated Dictionary is both an up-to-date dictionary and a basic encyclopaedia of people and places, animals and plants,200 words
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INTERNATIONAL COMPANY NEWS
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Article306 1978-12-20 9 ASIAN Reuter SONY and its affiliated companies suffered a substantial setback in their combined profit. Net consolidated net income for the year ended Oct 31 fell to 25.65 billion yen from 34.64 billion yen previously despite a sales rise of 534.92 billion yen (506.02 billion). EarningsReuter - 306 words
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349 1978-12-20 9 Reuter PANCONTINENTAL Mining hopes to begin construction at its Jabiluka uranium deposit in the Northern Territory, Australia, some time next year. Chairman Tony Grey told the annual meeting that the final environmental impact statement will be submitted to the federal government early in theReuter - 349 words
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424 1978-12-20 9 N.AMERICAN NYT PAN AMERICAN Airways, seeing the possibility that airline service to China could start as early as February, plans to ask the Civil Aeronautics Board for permission to start operations without delay between San Francisco and Peking. It was understood that PanAm wouldNYT - 424 words
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Article149 1978-12-20 9 AT A MEETING of the boards of director* of Honkong and Corp and Mercantile Ltd. held on Dec 12 Mr. Q. W. Lee, CBE JP, ud Mr. N.S. Thompson were appointed to both the boards of the.bank and the Mercantile Bank Limited. Mr. Lee Quo-Wei is149 words
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Article222 1978-12-20 9 Reuter CRUDE steel production was maintained at an annual rate of 7.4 million tonnes in the first-half of BHP's reporting year to Nov 30. The group said this was the same as in the 1977-78 financial year. The six months' production of 3.72 million tonnesReuter - 222 words
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Article97 1978-12-20 9 Reuter HONGKONG Realty and Trust has reported higher unaudited consolidated net profit of HK522.83 million ($17.40 million) for the six months ended at Sept 30. Interim dividend reamined unchanged at seven cents for "A" share and 1.4 cents for "B" share, for the year ending MarchReuter - 97 words
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Article206 1978-12-20 9 GENERAL Telephone and Electronics Corporation and Telenet Corporation have agreed in principle to merge Telenet into GTE in an exchange of stock valued at about US$59 million based on current prices. GTE has also agreed with holders of 55 per cent of Telenet's stock to206 words
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Article125 1978-12-20 9 THE US Energy Department said it denied a proposal by Tenneco Atlantic Pipeline, a Tenneco Inc subsidiary, to import liquified natural gas Into eastern US. The company had proposed to import about 28 cubic metres of gas per day over a 20-year period frwn Algeria. The total capital125 words
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Article1527 1978-12-20 9 0 CHICAGO In December 18 Board Options Exchange volume expanded to 183,806 contracts from 77,428 last Friday. OPTION JAN A PL JLY STOCK Akin 40 6 UNTRD NOL 453/4 Ainu 45 2 33/4 UNTRD 453/4 A Inn 50 7/1# 1 7/8 31/4 493/4 Alicia 60 UNTRD UNTRD1,527 words
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339 1978-12-20 9 Reuter BRITISH rnti ihin saM the Op«e etl price laerease will be passed sa mnSTSTu Sffwes ■MP—— delay MJntu that the f per ©eat rise mm tea 1 Is salkeiy Is affect selling fried hefsre me abeai March. It saM theReuter - 339 words
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Article, Illustration401 1978-12-20 9 EUROPEAN FOR THE year ended Sept 30, 1978, turnover of ICL, at £509.4 million, was 22 per cent higher than the previous year and profits before tax grew by nearly 24 per cent to £37.5 million. And given competitive levels of inflation, reasonable stability of401 words
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Article868 1978-12-20 9 FT MASCHINENFABRIK Augsburg-Nuernberg (MAN), the West German mechanical engineering and commercial vehicles concern which forms the centrepiece of the Gutehafnungshuette group, is proposing a dividend increase from 6 deustcbemarks to 7 marks per share for the year ended last June. Turnover for the MAN parent companyFT - 868 words
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Article212 1978-12-20 9 FT HIGHER costs have offset the benefits of increased production and firmer tin prices for Cornwall's South Crofty tin mine in the first half of its year to March 31. But better things are expected in the second half and the interim dividend is beingFT - 212 words
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154 1978-12-20 9 NEW EXPORT business worth well over £100 million has been won by Lucas Industries in recent months. Mr. Bernard Scott, the chairman, said it was particularly encouraging that the improvement had been across the full range of the group's activities. The new contracts will154 words
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Page 9 Advertisements
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Advertisement84 1978-12-20 9 That'jS what everyone says! But we've only been in Singapore just over a year so we can't expect miracles. Actually we're called Perkin-Elmer. And sorry, we don't make diesels. However we do provide important people like yourselves with a total minicomputer package. Everything from installation, service and staff training. It's84 words
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DEALS DONE ON THE SES AND KLSE
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Article1101 1978-12-20 10 BCD 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 deal1,101 words
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Article235 1978-12-20 10 iJ2* 1/9*o (250,000) (SOJOB W.JSB) 18/ /8 (250 000 (90MB SUMS ill? 1/Vn (*****0) (100.108 100X58) 6 S/4% T F 1&/6/81-84 (1(&3Q6) 7% 1/8/86 (250,000) (100.658 100-806) WIVM (*****0) 100 80B) l*** (*****0) (100.75B) 6 1/1% T P 15/9/97 (250,000) (100.408 *****8) 1/4% T P 16/4/91 (*****0) (*****6)235 words
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Article143 1978-12-20 10 ■MAroutMTRtir The Owner r pnaM MDnI) ce 104 UC The Saving F Vnd L2T 1.36 S pore Prof 1 road OJI M S pore Sec f tad 1.(7 L7T S pore brveat Fund Lit L* UU UNIT 1 [BUT f prtm kr DM Mai Invest Fund 2.0$ La143 words
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Article2491 1978-12-20 10 Gr*» Gr*» Net 1*78 L« S I Div Div YTd P/K Vol Day Hi«k Low Sale -for* C*vr (JOOO) High Low SECTION ONE INDUSTRIALS 272 132 Aetna 210 -1 HON 14 5.7 224 2 210 210 238 123* Alcom 234 10.0 12 44 174 178 107 Allied2,491 words
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Article1495 1978-12-20 10 BID and offer prices officially Hated and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS A J mama la |2UB). AIMm (1 MB l.«SB>. A ChM1,495 words
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Article293 1978-12-20 10 Malays Glass PSetsry Bhdi AGM to be held at 72A, Jalan Tampoi, Johore Bsru, st 12 noon today. to be held st the Conference Room of Goon ting A Chew, No. 5C, Jslsn Gurney, Kusls Lumpur st 12 noon todsy. Malsysa Tia Dredging (M) BM: AGM to be293 words
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Article, Illustration392 1978-12-20 10 IT WAS very dapresatfcejßtock rmkangr rian prints west m a rrnctUn to the am «f the oil price take. Alter Msnday's mimttmimi si a 14J per (nr S In seem Is •free as Nflaatai kf atas Mi rs petved ims Mpiift392 words
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635 1978-12-20 10 IN THE WAKE of the higber-than-expected increase in oil prices, the Kuala Lumpur stock market, Uke all other leading world markets, declined yesterday. Opening prices were easier, reflecting the generally depressed sentiment following the shock 14.5 per cent hike in oil prices. Prices softened635 words
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COMPANY NEWS
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Article, Illustration1689 1978-12-20 11 SUSAN BEVAN - By SUSAN BEVAN FABER MERLIN is full of plans for the future despite its disappointing year to June 30 1978, when the group incurred a loss after tax, exceptional items and minority interests of M 51.49 million. Outlined in the chafrman's statement for the 1977-781,689 words
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Article486 1978-12-20 11 Carraat Pajraxat Kx Data Booka Cloaa Date Total for Total for Payable tka year Prerioaa year IalAPea Toahiba 8«mi UIC Mai Tla Mia Sac SUa Mai Tla PMK1 M U I MalakolT SEAL Wearaae laekeap* M Box BU Matal Box(8) 8 M lad Matal Box (8) S'pora Laad486 words
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Article214 1978-12-20 11 Coapujr Particulars Ex Data Books Close S'pore Land Rights issue of 1 for 3 Sy a Ike tic Resin* *> $1.40 per share Dec 15 Dec 22 Rights Issue of 2 for 5 Fed-CaWes SI-00 per share Dec 13 Dec 26 Rights issue of 5 for > G214 words
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304 1978-12-20 11 HONG LEONG Finance has been reminded by the Stock Exchange of Singapore that the responsibility for compliance with the exchange's listing requirements rests fully with the company concerned. In a letter to the exchange last Friday, Hong Leong pointed out that an earlier letter304 words
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Article149 1978-12-20 11 KUALA LUMPUB STOCK EXCHANGE: Tengku Noone Aziz bin Tengku Mahamood has been re-elected chairman of the KLSE at the second aanunal general meeting of members last Saturday. Mr. Lee Tak Suan retains the deputy chairman post, while the other committee members are Mr. Fung Yan Khai. Mr. Hwang149 words
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47 1978-12-20 11 Kiekugt '"tiISS ia Matayato Blee May a"" rMuat Minli Its pnp«(i i f |ililtlii «f Ike m«n toned capital Ptn■alu Berjaya Ma M, a I—tor «f ike Sec Hey lee hril'awjahithe tetol nirtlurtlea ef >OIU n.» eaefc at fI.M per Aare.47 words
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Article51 1978-12-20 11 BEAVKW HOTEL was 4wM by Ike Stock Exchange ti flingsp>rr regarding Ike iiwlieillw sf a Ikrec storey n'lj eeafluMtriteeppMlte Oku «■>■* wkieh ma nCeBMS**. 11 II Its reply, Sea view UMueemt regarding He prip.sei three-storey ikgki cMaploMae Ike "»It wttl Inform Ike BEB ae ssen an Ike plans51 words
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LATEST RESULTS
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Article44 1978-12-20 11 :Unaadlted and uneenssMetod pre-tax pram stands at M$6J9 Ike year ended Nev 9k. H has deelared n seesad Interim dilduad ef lS.i per eent grass gMe), ass king a total sf tor Feb 8 to tasrshiliiM n»toUn ed en Inn 11.44 words
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Article915 1978-12-20 11 DAVID CHOW - By DAVID CHOW SAN HOLDINGS has cut its losses during the year ended last March 31 to M 5297,788 from $864,985, due mainly to substantially reduced interest charges on loans still outstanding. There was no income derived during the year under review since San has915 words
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Page 11 Advertisements
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Advertisement375 1978-12-20 11 DIME IDEM GIFTS T&weaffGunlynso*ik thif&tristmas Car Service Data An invaluable book on car servicing for everyone working in the motor trade, and should prove useful to the motorist who carries out his own servicing and the enthusiast |HH interested in the technical of different models. Cooking for Your Heart's Sake375 words
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155 1978-12-20 12 AP Reuter MEXICO will not charge leas for its oil than the Organization of Petroleum Exporting Countries and may continue charging even more, a spokesman for the national oil monopoly, Pemex, said on Monday. It will increase its prices at least to matchAP; Reuter - 155 words
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Article, Illustration1162 1978-12-20 12 Agencies TAN AMERICAN firm, three days after the US announcement of normali- sation of diplomatic rela- tions with China, has Conttracted to buy Chinese •crude oil with possible options for long-term im- ports. The Tokyo newspaper, I Asahi Shim bun, quoting •industrial sources, said CoastalAgencies - 1,162 words
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Article715 1978-12-20 12 LONDON, Tues. Industrial leaders closed slightly higher after low volume trading, dealers said and at 3 pm the Financial Tiroes index was down 1.4 at 475.4. Worries about InfUrtnn and rising US interest rates continued to subdue activity. Most leaders finished a penny to 2p higher, while government715 words
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380 1978-12-20 12 THE Spyros inquiry yesterday heard an engineer and ship surveyor say the Greek tanker could have used crude oil with its bunker fuel (or its voyage from the United States to Singapore. Mr. John Dent of the Department of380 words
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Article, Illustration577 1978-12-20 12 NEGOTIATORS for Japan and the United States announced on Monday they have reached complete agreement on all issues of mutual interest within the Tokyo Round talks for trade-freeing and new international trade disciplines. Details of the accord they reached over the weekend577 words
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Article212 1978-12-20 12 AP IN THE wake of a crippling. 15-day strike, Iran's oil production increased yesterday to more than half its usual output and showed strong signs that it would be up to normal levels within the next few days. An independent oil industry source reported that 3.4AP - 212 words
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193 1978-12-20 12 THREE toMkM kaaks la Singapore have fallowed the hiatipi of Mr frtme per They are Baak of imertea, Chase tan Baak and FM Nattoaal Baak if Ckienge. their rale daitag the tost Isw dsja. Bat aallke r l wfefah KM Hi prime193 words
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Article57 1978-12-20 12 JAPAN has agreed to furnish Vietnam with a modest package at economic aid next year, after expressing concern over Vietnam's border war with Camhortta and her new treaty of friendship with the Soviet Union. The agreement was reached in talks between Japanese Foreign Minister Sunao Sonoda57 words
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481 1978-12-20 12 Reuter THE CHAIRMAN of the Lower House budget committee, Mr Noboru Take* shita, said Japan's national budget for the next fiscal year, starting next April, would be big to reflate the economy. Mr. Takeshita, a former chief cabinet secretary, told a private meeting onReuter - 481 words
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Article, Illustration483 1978-12-20 12 QUEK PECK LIM - By QUEK PECK LIM SINGAPORE will play a bigger role in the Nordic banking consortium operations next year when the financial grouping begins to penetrate the and Japanese markets. The four-bank group will increase its presence in the Asia-Pacific by stationing a representative first in483 words
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Page 12 Advertisements
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Advertisement131 1978-12-20 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are quoting the following for Singapore Dollar term deposits up to SS2SO.OOO 1 month 5*4% p.a. 3 months 6ViS pj. 6 months 6V<% p*. 9 months 6'/«S pj. 12 months 6V>% p*. Savings mpj. We131 words
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Advertisement0 1978-12-20 12 >,}-|>.<%$>+.`$=/"_+]>=="($`_:}0 words
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Advertisement154 1978-12-20 12 f r XV J J -m K I r,r f Total Poker is a book for winners: it's es good as having four aces and another up your sleeve. David Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary154 words
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SHIPPING TIMES
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PORTSIDES
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Article92 1978-12-20 13 Reuter SHIPPING insurance companies face a record £35 million (Sslso million) bill if a West German cargo ship missing in mid-Altantic for the past week turns out to have sunk. A spokesman for Lloyd's Insurance Brokers said the hull and equipment of the 37,134-ton Muenchen were insuredReuter - 92 words
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Article93 1978-12-20 13 Reuter THE Asian Development Bank (ADB) has approved a U5526.30 million (5557.86 million) loan that will enable Indonesia to upgrade facilities at JBelawan port in north-eastern Sumatra to international standards. The loan will help finance construction of transit sheds and other ancillary facilities, the paving ofReuter - 93 words
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Article57 1978-12-20 13 AFP 'WORK has resumed partially at the Port of Beirut which has been virtually at a standstill for due to fighting in the eastern part of the .city. The port was shut down in July as fighting got under way between the Right Wing Christians n *andAFP - 57 words
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537 1978-12-20 13 FT HARLAND and Wolff, the publicly-owned Belfast shipyard, has announced losses of £7.8 million (about 5533.5 million) last year, against losses of £600,000 in 1976. It has also said that further losses could result from the refusal of American owners to accept two supertankers.FT - 537 words
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Article188 1978-12-20 13 AP WEEKEND chartering produced few new developments in the chartering pattern on the London freight market, but Monday's business was more varied. Grain-fixing was reasonably active in the North American sector, but little alteration of the rate tone was evident. However, a 15,000-ton consignment of heavy grainsorghumAP - 188 words
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476 1978-12-20 13 AFP ALTHOUGH Chinese charterers continued to support the London freight market over a broad front last week, conditions tended to quieten generally and rates reacted from best levels. In the grain trades, 70,000ton bulk/oil carriers were paid US$9.5O a ton on the US Gulf/Europe runAFP - 476 words
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3028 1978-12-20 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 of3,028 words
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Article464 1978-12-20 17 A co rum ACS Alea Aguila Aipae Angkutan Aairing ANL APL Arya Nat ASCL Asia Merchant Aust.Cont T n IV IV IV V V i m n m m IV Cai 5 5 3 S 5 1 2 1 2 5 S 4 5 Balkan/Black Sea Bank Banner Maritime464 words
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Article960 1978-12-20 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 premises960 words
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Article883 1978-12-20 18 The leadwfjfcipping lines operating from Singapore aad the local agents who handle <3*rfco bookings for them. Aconss Line— Acoaaa Bhd. Adriatic Container— Container Feeders. AFEA Line— jfejeapare Alfred ]V C. asMafpiCiae— Intermodal. Algerian Nation*! <4iae (CNAN)—Unipaetfie. Alpac Line—lntrasea. Anhsing Line— Strongwill. Angkutaa PertaeAsgan— Eastern Way. Angkutan883 words
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1419 1978-12-20 18 Lloyd's List HAS contaiaerisation's dramatic penetration of the world's major general cargo trades bow reached a plateau la its development? This is the major questloo facing the industry as it enters its second decade la volume terms. CoatMinertmtkm Into the JMfc an appraisalLloyd's List - 1,419 words
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Article, Illustration376 1978-12-20 18 BAPEJITEI) ABBTVALB TODAY KEPPEL WHARVES Chie Mara (after Golden Bear) 15/16 Emma Bakke (after Tlmur Star) 47 Karl Lietokneeiit (after Gudran Bakke) 6/7 Kota Indah (0100 after Kota Banteng) 27/28 Osho Mam (after Tamuraeverett) 29/30 Palatiao (after Mendoza) 46 Perak (QUO) a East Ping Shan (1000 after376 words
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Page 13 Advertisements
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Advertisement383 1978-12-20 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA ANDCANADA Ag«nts Barber Lines Singapore Pte Lid Tel 9265' Harrisons A Crostield Kuala Lumpur Tel: Pemas-MISC Penang Tel ***** IA RI) I M AN I AH wlk n^> r Orient Overseas e 4U S Sa FULLY CONTAHERISED SERVICE FROM EUROPE (VIA SUEZ) Ouka Tokyo383 words
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Advertisement183 1978-12-20 13 SEALORD ANTAH SSI UASC UNITED ARAB SHIPPING CO SAG I a All vessels ***** DWT, 105 TON HL. Derrick 288 TEU Capacity, Long Length Capability. cjfjljsl SEALORD SMPPMG AGENCIES (Rtf. No *****5/0 HdiJiß 3«o noon, mam house smcjwm £S "X" TU *****94 TELEX NO RS2S4I9 TjflX CfS OFC PSA Godown183 words
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Advertisement160 1978-12-20 13 ■NOL l NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: I FAR-EAST/EUROPE I FULLY CONTAINERISED SERVICE »l» 111* If 17 tan 23 tap 24 la FA MM Fa* ISF* FA UFA FA II FA Mb CMB Mr r« I FA 2 FA IK I STRAITS/AUSTRALIA XI 23 0K 24 0k IS160 words
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Advertisement371 1978-12-20 13 SINGAPORE BUSINESS Tt ~e Business Mogo/ine MAERSK LINE ccnra 14/1 IS/1 15/1 14/1 1 Singapora »/l 19/2 IMPORT FULLY CONTAINERISED FAST OH«CT WEEKLY a*® Port Ke««% P US FROM Europa (Via StMtfl Vess«i Ctoi Mml Gothenburg VI Rotterdam 22/12 12/1 27/1 NUT ARRIVALS Corntba Sa 21/12 Cacfte Maarsk Sa 11/1371 words
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Page 14 Advertisements
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Advertisement772 1978-12-20 14 FUUY CONTAKRBED TO EMOTE IM«| Itprta ■rmUpran Cart*" l«T 7/2 1/3 VI 4/3 EXPRESS CONKMTKMM. TO EUROPE Spare Pl<tnc Pe» mm Qmm HW| Him IMHerta* 15/12 6/1 20/1 18/1 Maaefctaa 21/12 23/12 27/12 25/1 3/2 2/2 K—km 20/12 16/1 12/1 2S/1 24/1 FUUT CONTMOBED TO GOM/TROTE S'pwe P. Mm| Gama772 words
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Advertisement306 1978-12-20 14 tSKSneS" lan v -1KB" Jan .NmM SI M* IB Mar 25 M»X Apr tpr mi z 22-25/12 I M/i 54/1 11-20/1 4-7/2 < m/i t-u/z 12-U/l 22-24/1 *2«/2 12-14/3 1-2/3 15-14/3 9-19/3 23-24/3 25-29/3 12-14/2 2-3/2 I 15-14/2 M/ 2 14-14/2 2-4/ 54/2 19-29/2 54/ 29-29/2 M/ 9-11/2 23-24/2 11-12/2306 words
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Advertisement621 1978-12-20 14 EVERGREEN LINE MARINE CCMPORA T ONi FAR EAST/RED SEA. MEDITERRANEAN 1 EXPRESS FUU. CONTAUR SERVICE ALSO ACCEPTMG CARGO FOR GENOA. LA FT ARIA. BEIRUT ALEXANDRIA BENGHAZI. TRfOLI (LBYA) 'MM MUUMWI F« j* nOK 3tm si* 71* 1} la IS la IS ka Urn ItmAy CtM If tm Xtm 23 tm621 words
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Advertisement824 1978-12-20 14 Everett Lines Bk"BURMESENATIONAL LINE" MKCTMmM 27/29 0* ra a/no«c B F.S.S.C Agents in Malaysia TIPS MALAYSIA Port Keia* Tel (38) 7355 Penang Tel. *****/***** V NtvMKM* latwcartMMUl S. A.C.I.F. J "ARGENfINE NATIONAL LINE" g *Srt|ect to mtnmml 9/It Fab 11/12 FM 13/14 Fat CyjX Trawpomdoii Mfitiw Mwiewi S. A. V*824 words
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Advertisement778 1978-12-20 14 131 SANKYO LINE AUSTRALIA SERVICE raw stm_... maysxy mmnmbstm. MKT PRBCE 24/20 Dk 27/21 DK SYD. MEL 21/22 DK 23/25 Drc GERALDTON. AOEL 5/ llm 2/ 4 Van SYD. MEL. MEL 14/16 ta 11/13 iw MS. SYD MEL. BANGLADESH SERVICE GEKRAL AGENTS CONTAR6R BOOKMG LOW AGENTS P KELANG PENANG 19/21778 words
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Page 15 Advertisements
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Advertisement828 1978-12-20 15 OCL Overseas Containers Limited service to m/cqmoT: CONTAMX3HP XMCt HUM UK/CONIMMI: U Ktwg Brw Wtm Hm Stwi P Mm( S port M NrtE Imln hW M MM IM 21 Doc Übt M. US Mqlpa IM iM UM bW 9 k II he ML KS taaEpi IM hM IM hM IM828 words
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Advertisement718 1978-12-20 15 :a GRANARD LINE KLMftf ft DEPEMMHI NON-COVERENCE EXPKSS SERVICE NEST BOMO-FAR EAST/MEDHERRANEAN S pa* Plata* hM| LaaMag tar. MV MM (MM V.2M 27 Bk 11m 31m Opboati P Saal/Atauandria Beaet/lattakia/Teias/ PvtMlS' Tnpok/BCI<CIU2I; MV. MM TAT V.22 M.. 17 Im teddati P Sard/Aleiandria Laaassol/Beaet/Lattakia/ Pveaas/Tnpofc/Bentfiaii/ bUntml 7 Feb Dpbouti, leddah P718 words
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Advertisement801 1978-12-20 15 BEN LINE CONTAINERS evbs comma saw to/hoi bmm kmc rtmai s>»( f rOM HAW SOTO* W«*l Fraact MUH in H/I VI ru\ fmn omon. hbuog b haven roMi haw soion N Garauay/Austria Baaebn Ff»c* Al I* PMM| Sport tow Mm Sato W W bM *1/12 22/12 tolnEnmi Uri W bM801 words
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Advertisement541 1978-12-20 15 Mv «Mh ac9l«»p I* eastbound from meo/uk. COHTINEKTr/iCAHDIHAvU 1) CW| 7) tfMf 3) rnn 4) r«M S) UN t) MM* P UMf S>wt ■KM Ml*]- tM UW M/USM —if—/ iflM| tM 1/ l M/ 12 mm um hM a/u a/u HMM Uri MM I*4 MM a/u VI vi M- mm541 words
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Advertisement402 1978-12-20 15 GUTHRIE BOUSTEAD THE BANK LINE LTD Sf«« vm LYKES ORIENT LINE TO NEW ORLEANS, MOMLE. HOUSTON. GALVESTON ALSO ACCEPTWG CARGO FOR BANGKOK. MAMLA. TAIWAN. HONGKONG PUSAN AM) JAPAN PORTS. lOUIIHS MIM). WIN inO (Mk* t Lm*) VSIM M/Uto* MM 2SM Singapore *****4 pt kelang *****' KUALA LUMPUR *****1 PENANG *****"402 words
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Page 16 Advertisements
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Advertisement786 1978-12-20 16 K LINE KAWASAKI KISEN KAISHA. LTD. (VM SUEZ by Centaur tomb TO EUROPE MtoUnf I Havre H Du(| kMI 7Ma 9Ma Bremen Rlara II Ma 11Ma 17 Jm II tat 21 Jm 25 Ma kOCATMt W W M Nrl 7Ma Sl* II Ma 111 OMENTM. OD 1211 21 Ok 27786 words
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Advertisement738 1978-12-20 16 M.S.A./EAST CANADA SERVICE acceptis ra/ia. cor tans hkm penme. p. kelmb. store LaMtag tar KM TOM NORHM (MJA-21SO) 'TTtaa 11/Utaa 11/Utaa 14/11 Ma E.C./ttEAT LAKES SERVICE ar NOVOLI KV TOM. MONTH*. TOMMTO. ASMTABUU. DCTMT. CNCAGO. CALVORMA/PACFIC NORTH WEST SERVICE laid* tar LOS MEEIES, SM FRANCISCO. SEATTLE. TACOMA. MKOKI IX. f738 words
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Advertisement354 1978-12-20 16 r SINGAPORE SHIPPING AGENCIES PTE LTD /s, SIM, l/'OKI isi i\/>.s I l\l DSRLIMES S pan p llm Pmmi 4/9 4/OIM 2/3 FM 4/1 NO IT tan A Mrp Ifbwt Host Nlm 2FA CM MM IMb tarn IN* 12 N* Stm tmm trnmm Nhi rtm mm M huma/iim amtm atm354 words
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Advertisement625 1978-12-20 16 M4iV4V3M* l« TtKHA nOHAI SHtTPWG CO**O*ATK)M MWMD i caqo tar Mi i 1) G'baq 2) tTbWf 3) 6'too 4) ITdea 5) le H f Mm| S port NED (MM SMM SaM SaM SMM SaM 24/12 *rt TOT AH* SaM SM SNM SaM SaM 31/12 29/12 MJWGAN SaM SaM SaM SaM625 words
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Advertisement687 1978-12-20 16 INTRASEA (PTE) LTD f ,»bf Housp 34fc *<oAr. c 'n: iw 51 T ptephone J' T Kansai Line" STRAITS/AUSTRALIA SERVICE Smpporc P Ketone Lm*K tor GRACE AOELABE V.UA— 3 ton 25 Dec Bmtoe/Sydney MettMMirnt/AdetoMie r mLM -aoini Oik ALPAC LINE SOUTH AFRICA SKRVICK S pore P. Ketone Penang Lm*« tor687 words
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Page 17 Advertisements
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Advertisement61 1978-12-20 17 EGYPTIAN International LIME (Ell 1 EG /pT !4N FLAG fast and outer net somct to csm (POUT SAD AIOAMMA) STOK PTKL PEMNG PT SND ALEX CMSO PIUS CONTACT SCHEME! GENERAL AGENTS: L.N SNIFFING PTE LTD T«l: ***** U (Sinpyor*) TLX R52T017 SUB-AGENTS: H.S.H. (M) SON tHO Td: *****3/*****7 <KL) *****661 words
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Advertisement97 1978-12-20 17 Q Seatrain FuM Container Service to USA I VS. STOK 1 22/12 om u au t/e 21/12 Mi 29/12 IS as/12 u/l 11/1 22/1 SI/1 7/1 25/1 a/1 1/2 S/2 Fu# Container Setvice from wimni £/c m# on u m Font m* IhMI Mttta* n/11 17/11 wn «/ll 14/12 MM*97 words
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Advertisement127 1978-12-20 17 ax sam ick Lir\ts j vT DO SEMCE FWM KOKJt/TJMM/HONC ROW TO SMUTOK Indwfl Buuti Keelung HKong Sport SMfKK »Dtc 31 Dae Ste 10 J» B KORINS MARITIMf SFRVICFS PTf [TD 6TH fIOOR KB BUMSHfNION ftAy SINGAPORI 1 Tf. I of Pot* Hfiang Agents- M.^riri f ntfrpme* Sflr Phil CENTRAL127 words
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Advertisement88 1978-12-20 17 WEST BOUNO LOAOMG FOR MUSCAT. DUBAI ABU-OHASi. BAHRAM. KUWAIT At FARAJ VS4* [I* {J* EAST-MMMP DtSCHARQNG OUT 14 CONFIOCE EXPRESS *7* 24Dk „*C VACUVATOI SERVICE M SMGAPORE VACUVATOR SERWCE m smgapore for gram discharge at Om>« Agents GuHeast Shipping Pte Ltd Surte 704/706. Ocean Bwttnt Cotytr Quay. S-*apore 1. M88 words
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Advertisement185 1978-12-20 17 NOTICES STRAITS/SOOTH AFRICA FAR EAST/EAST AFRICA I 33.3 We refer to the Notice to Shippers dated 27 October 1978 1878 concerning general freight lnoreases to be implemented in the above Conferences on 1 January 1079. Member Lines are nov pleased to advise that the freight Increases for the above Conferences185 words
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