The Business Times, 21 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 THURSDAY, DECEMBER Zl, 1178 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Rupee devalued 2.12pc
      71 1 AP. BOMBAY,Wed. The Indian rupee was devalued by 2.12 per cent against the British pound today, the Reserve Bank of India reported. At the new rate, a pound is worth 16.5 rupees, compared to 16.15 rupees earlier. There was no immediate word on how the US dollar-rupee
      AP.  -  71 words
    • Article
      Lock icon Loan for Singapore
      47 1 UPI MANILA, Wed. The Asian Development Rank today approved a US$l9 million (SJ4I million) loan for Singapore's Kent Ridge hospital-polyclin-ic. The project when completed will provide hospital facilities for the western part of the island and provide teaching facilities for the medical school. UPI
      UPI  -  47 words
    • Article
      Lock icon Asean air study
      66 1 AFP MANILA, Wed. Asean will conduct a thorough study of the entire air travel industry in the region, Philippine Economic Minister Gerardo Sicat said today. Mr. Sicat told newsmen that he and fellow economic ministers from Thailand, Singapore, Malaysia and Indonesia agreed during their meeting in Kuala
      AFP  -  66 words
    • Article
      Sime appointment
      65 1 KUALA LUMPUR, Wed. The Sime Darby group has taken a new step into Australia with the appointment of Mr. Ron Benson as manager of commodity trading at Sime Darby Australia Ltd. The Sime Darby group, a major producer of rubber and palm oil, has extensive commodity trading business
      65 words
    • Article
      Lock icon Car output
      70 1 AFP TOKYO, Wed. Japan's car output last month totalled 820,673 units, the highest figure in the country's history, the Japan Automobile Manufacturers' Association reported today. The November figure represented an increase of 3.5 per cent over the same month last year. The association also reported that car production
      AFP  -  70 words
    • Article
      Lock icon BMW may be hit
      72 1 UPI. DUESSELDORF, Wed. Car plants may have to close in the new year if Germany's first steel strike in 50 years lasts into 1979, spokesmen for the industry said today. Bayerische Motorenwerke, maker of BMW cars, said all 35,000 workers at its plants would be laid
      UPI.  -  72 words
    • Article
      Lock icon Dow Jones
      77 1 UPI NEW YORK, Wed. Stocks were mixed early today in the wake of news that interest rates are rising and continued concern about Opec's decision to raise oil prices sharply. Trading was moderate. The Dow Jones industrial average, which gained 2.34 points yesterday, was off 1.03 points to
      UPI  -  77 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      125 1 Falls Most Active Berjuntal Rot.hma.ns Mslan Fmllls 660 280 ISO -35 -15 -15 S Darby M Banking 162,000 113,000 T&sek Cement 280 -12 H Par 97,000 Oriental Hldgs 450 -10 UOB 57,000 Kuala Sldlm Setron 211 210 -9 -7 Total Turnover: 2.16m Metal Box Spore 274 -6
      125 words
    • Article, Illustration
      In Kuala Lumpur
      152 1 Falls Most Active N Iron 575 -25 S Darby Sg Besi 615 -20 212,000 MBS 272 -13 Consplant 137,000 A Amal 470 -10 H Par. 111,000 JP Coats 158 07 M Credit 98,000 Sovran 120 -06 Total Turnover: 1.32m MAA 162 -06 Total Value: M$3.18m Sel Prop
      152 words
  • Article
    Commission row in advertising
    714 1  -  REBATE CONTRAVENES CODE By TSANG SAU YIN A MINOR* storm has blown upin the Singapore advertising industry following news of an impending corporate re-structuring within Grant Kenyon and Eckhardt, a well-known agency. While re-alignments within a company are common enough, Grant has raised several eyebrows in
    714 words
  • Article
    Carter's new year pack for Congress
    250 1 AMERICAN President Jimmy Carter's administration has decided to send Congress a big package of prospective international trade accords on Jan 1, a spokesman said on Tuesday. They will include reductions in tariffs among 96 countries on billions of dollars worth of goods, and agreements
    250 words
  • Article
    Foreign banks hurt by easy loans policy
    455 1  -  By SOH TIANG KENG SOME foreign banks in Singapore with liberal lending policies have suffered heavy losses during the last few years when the economy was relatively weak. As a result, some US banks have tightened credit guide liness and streamlined their credit
    455 words
  • Article
    Lock icon Japanese to donate first $22m to new Asean cultural fund
    228 1 AFP THE Japanese government will give a first instalment contribution of 2 billion yen (Ss22 million) to the newlyestablished Asean cultural fund. Letters were exchanged yesterday between Japanese ambassador Hidemichi Kira and Asean secretary general Datuk Ali bin Abdullah, In
    AFP  -  228 words
  • Article
    Sime calls up $75m to redeem loan stock
    281 1 BME Darky ku oiled ap part sf the KU nailH—leaa K nM (tmd CMlertlaa sf baaki ia Malaysia aad Wappm carder tola year. •taili Iran baaklag Marcca la Kaala Luapar that the perttoa ealM ap Is Ike fllagapstf pert!— bearing a fixed
    281 words
  • Article
    Malaysia will protect local prices against oil price rise
    485 1 MALAYSIA may consider absorbing part of the increase in the price of oils to offset its effect on domestic prices, Finance Minister Tengku Razaleigh Hamzah said yesterday. Tengku Razaleigh, who was commenting on the (our-stage price increase by Opec over the
    485 words
  • Article
    U.S. PRIME AT 11.75pc
    52 1 US prime rate yesterday rose to 11-3/4 per cent, the highest in more than four years. The rise came in the midst of serious inflation worries aroused by the unexpectedly large Opec oil price increase. The prime rate is the interest major banks charge to their
    52 words
  • Page 1 Advertisements
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  • TRADE AND INDUSTRY
    • Article
      It pays to lease cars for executives
      900 2  -  By JOHN TAN COMPANIES are finding it worthwhile to lease cars for their executives instead of buying them because of increasing cost of borrowing money and escalating car repair bills. By leasing cars, a smaller initial cash outlay is needed and all costs
      900 words
    • Article
      Course on food quality control
      179 2 A COURSE on "Quality Control Technology for Food Industry" is being organised by the National Productivity Board at its Town Training Centre at Hotel Royal Ramada. The course will on Mondays and Fridays from Jan 5 to Jan 26. Leading the course will be Mr
      179 words
    • Article, Illustration
      RIOTOUS COLOUR ON TRAMCARS
      177 2 MELBOURNE emitm eaa mw eajay mm af the latest M they travel by tram. Six af the HI street tnoevi to Mel hearse, Australia's imai biggest city, have been give* a taeeUTt with the help at a Asl4,*M (BSSMM) allaeattaa treat the Victorian State geverameat The
      177 words
    • Article
      The sale that never was
      93 2 THE INDONESIAN government has uncovered an oil sale hoax in which at least one European firm has been fleeced of US$lO,OOO (5522,000). Attorney-General All said on Tuesday a ranking government official had been arrested in the case. Identified only with his initials S. B„ this
      93 words
    • Article
      Offshore oil expo coming in 1980
      333 2 THE Offshore Southeast Asia .conference and exhibition will once again fill levels two, three and four of the Hyatt Convention Centre when it is held in Singapore for the third time in 1980 Organised by Singapore Exhibition Services, the show has become a familiar
      333 words
    • Article
      British Airways, Satu form works council
      212 2 BRITISH Airways and the Singapore Air Transport Workers Union have formed a Joint Works Council to facilitate free dialogue between management and employees and increaae airline efficiency. Speaking to British Airways staff at the council's inaugural ceremony yesterday, Mr. David Lowe, the airline's manager
      212 words
    • Article
      Lock icon Thai economy faces mixed prospects next year
      471 2 Reuter. THAILAND'S economy faces mixed propeects in 1979, with a good outlook (or agricultural production but continuing problems for some sectors of industry and for the trade balance, according to Thai officials and business sources. Expansion of local cement plants and oil refineries,
      Reuter.  -  471 words
    • Article
      Fire caused $5m industrial losses in Jan-Oct
      226 2 DURING the first 10 months of this year, fire destroyed 15.4 million worth of property in manufacturing establishments. This is one third the $16.7 million lasses caused by a total of 921 building fires for the same period. These figures were revealed by
      226 words
    • Article
      World natural rubber output higher
      624 2 WORLD natural rubber production increased by about 2 per cent in the first seven months of this year despite an almost similar rate of decline in production by Malaysia, the biggest producer. According to the Rubber Statistical Bulletin of the International Rubber Stiyly Group, production
      624 words
    • Article
      Lock icon Asean's rice scheme
      18 2 Reuter ABEA* f mU rtoe <jp MrtM M 2 MM t—k hii tlw «r»^c <i»imlMaiiiiLn7Lte.
      Reuter  -  18 words
    • Article
      Marginal fall in Malaysia consumer price index
      283 3 CONSUMER prices in Peninsular Malaysia declined by 0.2 per cent in October because of cheaper food prices. The food index with a weight of 46.8 per cent on the overall index, fell by 0.8 per cent. A marginal decline of 0.1 per cent
      283 words
    • Article
      Lock icon Loans for Indonesia
      78 3 Reuter. JAPAN'S Overseas Economic Cooperation Fund will lend Indonesia 35.3 billion yen (about ***** million) to help finance a joint-venture aluminium refinery project at Asahan in North Sumatra. The Japanese Foreign Ministry said the loan will bring total loans for the project since 1976 to 61.55 billion
      Reuter.  -  78 words
    • Article, Illustration
      IN SEARCH OF A FRIEND
      659 3 AUSTRALIAN scientists have isolated microscopic organism which they believe will prove ft valuable ally in the fight against salmonella food poisoning. They hftve proved in laboratory tests that the single organism, found in the iatestiaai tract sf poultry, gives chickens protection against salmonella bacteria. The
      659 words
    • Article
      MEMO PAD
      354 3 COURSES AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, srrc Jan 8-10: IE Module 1 Method study, Human Factors Engineering and Safety Royal Ramada NPB Jan 8-23: Industrial Hydraulics Royal Ramada NPB Feb 12-13: Finance for nonfinancial managers, Ming Court, Price Waterhouse
      354 words
    • Article
      Lock icon S. Korea lowers growth target to 9pc next year
      709 3 Reuter. SOUTH KOREA, after achieving more than 10 per cent annual economic growth for the past three years, is aiming at a 9 per cent growth rate next year to help overcome what some officials described as "problems of success", including
      Reuter.  -  709 words
    • Article
      Lock icon Aussie fishing grouse
      144 3 Reuter. NEGOTIATIONS to allow Asian trawlers to fish in Australia's northern fishing grounds are upsetting the fledgling Australian fishing industry, official sources said in Darwin yesterday. The government is working out deals which will give fleets from Taiwan, South Korea and possibly the Soviet Union access to
      Reuter.  -  144 words
    • Article
      Taiwan stocks up its arsenal
      781 3 PENTAGON officials said Taiwan has ordered US$625 million (551,375 million) worth of weapons through 1963 and the United States is willing to sell it others for an additional $180 million during that period. Officials also disclosed that deliveries of "major equipment" excluding small arms ammunition,
      781 words
    • Article
      UNDERSEA PROJECT TO COOL, OFF TILL SEPT 79
      138 3 THE PROJECTED JapanSouth Korea joint exploration of undersea oil and gas resources in the East China Sea will be postponed until September next year because of a deadlock in negotiations over the selection of a project operator. Under a Japan-South Korea agreement
      138 words
    • Article
      Chinese diesel buy
      141 3 SRI Lanka will import 130,000 tonnes of diesel fuel and 35,000 tonnes of kerosene from China next year, Mr. Da ham Wimalasena, chairman of the state-owned Ceylon Petroleum Corporation, said, shortly after signing the Sino-Sri Lanka trade protocol for the 26th consecutive year. Mr. Wimalasena said prices
      141 words
    • Article
      Lock icon Australia 1979: cloudy
      388 3 Reuter, IT IS cloudy for the Australian economy next year, but there are some signs it may perform a little better than this year, economic analysts said in Sydney. The only significant lift to the economy in 1979 would come from a world economic upturn to raise
      Reuter,  -  388 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      156 2 PENGUIN BOOKSHOP handbook "THE Kunhbfs HANDBOOK I RtAMNGRS hanooook ULTIMATE BOOK ON *UNN!N6t WHY DO RUNNMS mk£ //I: j, KUNMNGr snMuum AtLASffCfS OF HEALTH 1 Th, RUNNER'S H.-i nd 3i 4! \7Vst i iL^y HI? a m V** H 'a n 2s Hi VI Here at last is The Runners
      156 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      607 2 I TWO-IN CRYPTIC PUZZLE ACROSS 1 A snack on the walk? (4) 4 Herb's taken a tetter from Martin (6) 8 Lessen the reduction (3) 10 Conception of a wide avenue (4) 13 It was like a cigar, but lighter (8) 14 Be upset (due to bigheaded ness 7) (7)
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      136 3 -a t t W if n *v 2K"±( ft A sSIS Nb s*. 55l C<. 1 v m^f v > ,1 V ?c !^l 1&£/ f N r/ P Join the happy crowd who have,discovered the clean, smooth taste of Tsingtao beer. Brewed from the mineral waters of Mount Laoshan
      136 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      377 4 THE Singapore rubber market yesterday closed slightly higher with January One RSS buyers quoted at 236.00 cents per kilo, up three cents from Tuesday' close, dealers said. Morning prices were marked up about 1.50 cents on higher London advices, trade buying, covering demand and reserve of
      377 words
    • Article
      Closing prices
      29 4 Rubber: Dec 20 Singapore: January: 236.00 cents (up 3.00 cents) Malaysia: January: 238.75 (up 3.25 cents) Tin: $1304 (up $11) Official offering: 211 tonnes (up 26 tonnes)
      29 words
    • Article
      RAS PRICES
      337 4 Prices in cents per kilo yesterday Noon Cloae (per kilo) (per kilo) Buyers Sellers Buyers Sellers int. 1 R.S.S. prompt f.o.b. 235.75 236.75N 235.00 236.004 Int. 1 R.S.S. Jan 236.75 237.25 236.00 236.50 Int. 1 R.S.S. Feb 238.75 239.25 238.00 238.50 Int. 2 R.S.S. 235.00 236.00N 234.50 235.50N
      337 words
    • Article
      SSR and SMR
      89 4 NOON SSR and SMR pricn yesterday: RAS f«wr] (Carreat Mtfc) <r ll! Pefenary mri Mtk) SSR 30 SSR SO (1-ton pallet) (1-ton pallet) (Mat 236.50 233. SO *P«kS> 238.50N 235 50N (e 237JO 234.50 Mrtaperkg) 239.50N 236.S0N MRELB SMR5CV SMR 5L SMR 5 SMR 10 SMR 20
      89 words
    • Article
      Coffee
      205 4 ROBUSTA futures in London yesterday morning ended the opening call slightly easier £17 down in spot January basis £1,377, to £10 up in untraded distant November. Turnover was 166 lots. Values tended lower after an unchanged opening against New York. Early trading was quiet with fluctuating dollar/sterling exchange rates
      205 words
    • Article
      Sugar
      151 4 AT END morning in London yesterday, raw sugar prices were £1.35 to £0.85 down in a turnover of 929 lots. The market eased back under mixed selling and long liquidation which met little fresh buying resistance, dealers said. White sugar was £2.15 to £0.50 down with a turnover of
      151 words
    • Article
      Produce exchange
      315 4 ANOTHER featureless day of trading was noted on the Singapore produce exchange yesterday, with dealers reporting very little change in the overall situation. On the pepper front, dealers said that prices were still holding steady. There were no major arrivals of the commodity yesterday. Coffee trading was also
      315 words
    • Article
      Hongkong Comex
      355 4 SUGAR futures trading remained quiet throughout on continued lack of interest in Hongkong yesterday, with turnover steady at one lot, dealers said. Nearby January was closed at US 8.49/58 cents against Tuesday's 8.00/50 close, March was at 8.95/ 9.22 against 9.00/30 and the distant October was at 9.60/
      355 words
    • Article
      Rice
      190 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollar* per tonne F. 0.8. basis Bangkok) Wttte rice: 100 pet Ist class 336, 100 pet 2nd class 320, 100 pet 3rd class 315, 5 pet 300, 10 pet 290, 15 pet 280. 20 pet 275. 25 pet 270,
      190 words
    • Article
      Soybean
      128 4 SOYBEAN futures moved into the plus column at close after rallying late on heavy commission house buying in Chicago on Tuesday. Gains ranged from 3/4 to 4-1/2 cents a bushel, with the January contract ending unchanged. Closing prices were some seven cents above the session's lows. With about 30
      128 words
    • Article
      Straits tin
      187 4 THE Straits tin price in Penang yesterday rase MSII per picul to H.BM, $104 above the International Tin Agreement ceiling, dealers said. Continued strength is attributed to general substantial follow through demand from the US, Japan, Eastern Europe with local buying support particularly strong. Higher tin supplies did
      187 words
    • Article
      Lead
      58 4 LEAD finished the morning up £2.75 for cash and £3.5 for three months in London yesterday morning. The firmer trend in copper prompted some forward covering in this metal although freer offers of cash later dampened sentiment. Three months traded up to £408 per tonne before final kerb business
      58 words
    • Article
      Aluminium
      64 4 Aluminium closed £1 down for three months at from £620 to £620.5 per tonne in London on Tuesday. Some short-covering steadied prices after lunch although business was slow. The easier morning premarket trend reflected the initial movement in other base metals although prices were steady in the ring aided
      64 words
    • Article
      Zinc
      101 4 ZINC finished the morning down £0-25 all round in London yesterday morning. The market tended to sag during quiet trading in the absence of follow through buying support from producer interests. Three months traded from £355 initially down to £353 on the kerb. Sales of 1600 tonnes were mainly
      101 words
    • Article
      Cocoa
      238 4 COCOA futures were £6 to £16 per tonne higher at the end of an extended opening call in London yesterday morning. Turnover totalled 70S lots. Values initially showed losses of up to £9 following a slightly lower New York market. However trade buying touched off short-cover-ing which reversed the
      238 words
    • Article
      Wheat
      183 4 WHEAT futures reversed Monday's advance to post midsession losses of 10-V* to 2-'« cents a bushel in Chicago on Tuesday. The expiring December contract led the slide on heavy liquidation, mostly by locals. Weakness in other months was encouraged by the heavy selling in the spot month and by
      183 words
    • Article
      Palm oil
      61 4 C.LF. North European porta, in U8 dollar* otherwise staled LONDON: per ton ui Malaysian 5S f fa bulk per tonne February Sumatra i% ffa bulk December January February March April/May Nigeria 5S (fa bulk stf KOrmtDAM: Sumatra Max 5 Dtc Zaim Belie francs per kite) Mon SaOalr unch
      61 words
    • Article
      Copper
      214 4 COPPER wlrebars finished the morning up £7.5 for cash and £8 for three months in London yesterday morning. Tuesday's gains were extended in the morning on a continuation of influential buying which dealers generally felt involved covering against Chinese purchases in the region of 15,000 tonnes. Also aiding the
      214 words
    • Article
      Silver
      225 4 SILVER gained mostly 1.3 pence in London yesterday morning. Prices ruled very steady throughout the premarket and ring dealings as the market reflected the overnight close at New York, steadiness in gold and the rise in copper. Turnover was 57 lots. Prices eased partially on the kerb under selling
      225 words
    • Article
      Gold
      421 4 GOLD futures in Singapore yesterday turned easier after a firmer opening but prices closed higher on balance from Tuesday's close, dealers said. Profit-taking and long liquidation was offset by short-covering and turnover rose to 134 lots from 75 lots on Tuesday with interest still centred on February followed by
      421 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        450 4 THE US dollar continued to fluctuate on the foreign exchange market yesterday as selling by traders was matched by buying by central banks. Overall, however, the dollar weakened against the major currencies. Opening the day at 193.20/ 30 against the yen the dollar was heavily traded out of
        450 words
      • Article
        Asian $ rates
        180 4 Asian rates ASIAN currency deposit Interbank rates as at close on Dec 20 U8 DeUaratSaet) Offer M 7 days 127/16 12 5/18 1 month 10'. 10* 2 months 119/16 117/16 3 months 12 11 T 6 months 129/16 127/16 9 months 12' < 12' 12 months 123/16 121/16 l month
        180 words
      • Article
        Discount
        51 4 Raage of price* offered by discount bouse* on Dec 20 Overnight 3 to 4 1 Call deposits 4 to 4'.% Cteaiaf Bayiac 8elUa« 3 month Treasury bUU 4'. 4 3 month Bank bilks ?>. T. 3 month CD T: 7*. 0 month CD 7*i 7 4 Source: National Discount
        51 words
      • Article
        MLR
        21 4 THE average rale at which Singapore banks are currently prepared to lend to their best customers is 7.5 per cent.
        21 words
      • Article
        Hongkong
        47 4 HONGKONG banknote* yesterday: US 4.15/4.77 UK %M/%M Burma 1J8/L58 India 4 70 4.90 Indonesia 0 70 049 Japan 2 475 2 486 Kant 0.75 0 J5 Phillpfxnn 0 50 041 Singapore 2 30 2.22 Malaysia 211 i® Brunei 2.U/2.1S Thailand 2350 23.40 Taiwan U SOU M
        47 words
      • Article
        London
        209 4 THE dollar in London yesterday opened sharply lower, continuing the downward trend triggered by the Opec oil price rise, dealers said. Against the mark, the dollar opened at 1.8250/60, nearly one pfennig lower than its early indicated 1.8330/40, and nearly two pfennigs below its 1.8420/35 London close yesterday. Sterling
        209 words
      • Article
        New York
        256 4 THE dollar closed lower in New York on Tuesday, although generally above the day's opening levels, in quiet trading, dealers said. They said the unit stabilised somewhat following its sharply lower opening as it again appeared to be bolstered by New York Federal Reserve bank intervention. The dollar
        256 words
      • Article
        Tokyo
        216 4 THE US dollar for overnight delivery in Tokyo yesterday closed at 193.20 yen, up from a 192.80 opening but down from 193.35 at Monday's close, dealers said. The US currency fluctuated marginally in nervous late trading after an unsettled start, the dealers said. Japanese banks, which earlier bought dollars
        216 words
      • Article
        Australia/NZ
        55 4 A USTRAL1A NZ exchange* quotes yesterday: US dollar ***** 1.1477 Sirrbng 0.5727 0 5842 Ninny-day air mail buyfa« rates: Sterling 0 5949 US dollar* 1.1S13 Ninety-day forward buying ram Sxriinf 4.5771 US dollars 1.1511 New Zealand Sterling 0 5306 0.5277 US dollar ***** 1 0584 Ninety-day airmail baying rates:
        55 words
      • Article
        Zurich
        45 4 ZURICH exchanges closing quotes on Dec 19: US 1(413-4430 Stg 3.3019-3074 CM l .»7«t Dmk *****5-2S35 Dfl 82 4044-5213 Pfr 38 48B0J9 0ie Bfr S.MMM Dkr 32 0137-0686 Nkr 32.0087-7QB Skr r 8790-94B Lit 0lMMM a*** ii sense Part Spain 2.3K7-3M5 Am o.it-st YMOJWCU
        45 words
      • Article
        Treasury bill tender
        41 4 THE MONETARY Authority of Singapore invited banks and discount houses to tender for a total of $35 million 91-day Treasury to be issued from Dec 26 to Dec 29. Each tender must not be far less Hub $250,000.
        41 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      67 4 The Love 01 e ne rs t ookrng mmm n fx* X vV < SV^ > Ir >/ T* M i ,V E S i* a MNM <*> *5 5 I -WT~ £2XI Kenneth Lo K3 Of ■ririM Chin— Ow 100 dciclow Chtam riclpw, (uHy ft. luateatod wNh 00 colour
      67 words
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  • OVERSEAS
    • Article, Illustration
      Wings of power into space shuttle era
      370 5 THE EXPERIMENTAL salar array wlag which will fly the drat US space shattle la the early ISNs was exteaded aad retracted daring a demaastratiea la Cnllfarnia reeeatly advancing the caneept d geaeratiag large amaaats d electrical pawer la space. Lachheed Missiles aad Space
      370 words
    • Article
      Lock icon UK may reduce income tax
      420 5 Reuter INCOME tax cuts might be considered in the next British budget if there is no wages explosion this winter, Chancellor of the Exchequer Denis Healey said. There might also be special salary agreements in the public sector for the worst off categories, Mr Healey
      Reuter  -  420 words
    • WORLD IN BRIEF
      • Article
        Lock icon TALKS COME TO NOUGHT
        516 5 Agencies THE second round of mediation talks in the West German steel strike ended inconclusively after 90 minutes of talks, and no time has been set for a resumption. Mr Priedhelm Farthmann. North Rhine-West-phalia Labour Minister and mediator, said he is prepared to mediate in further
        Agencies  -  516 words
    • Article
      Carter's men forecast inflation at 7pc next year
      764 5 EVEN BEFORE its antiinflation programme has had time to take hold, the Carter Administration's top economists are now conceding that next year's inflation rate will exceed 7 per cent. The new calculations mean it will be even more difficult for President Carter
      764 words
    • Article
      Lock icon America's current account deficit worsens
      185 5 Reuter. THE US current account balance of payments deficit widened by US$722 million (Ssl.6 billion) to a seasonally adjusted $3.82 billion in the third quarter, the Commerce Department reported. The merchandise trade deficit widened by $243 million to $8.06 billion during the quarter, while net
      Reuter.  -  185 words
    • Article
      Lock icon Record coal output
      154 5 UPI. THE COAL industry has forecast a 10.4 per cent increase in domestic soft coal production next year to a record 713 million tonnes that would put the United States back on schedule to meet its "energy independence" goal by 1985. The prediction came as the bituminous
      UPI.  -  154 words
    • Article
      W. HOUSE-LABOUR RIFT
      196 5 THE GROWING bitterness between President Carter aad the American Federation af Lahear and Ceagreas af lad as trial Organisations has deepened with the rcalgnatlan af Mr Laae Kirkland, secretnry-trensnrer af the Federation, tram Us gavernment advtaary pasta. The reslgaatiea waa the latest In a series af slaps
      196 words
    • Article
      Lock icon Anti-crisis steel plan extended
      538 5 AP, Reuter EUROPEAN Community foreign ministers on Tuesday agreed after 15 hours of difficult discussions to extend the existing anti-crisis steel programme through 1979, officials said in Brussels. The agreement finally came after participants satisfied West German and Danish opposition to the extension if there is
      AP,; Reuter  -  538 words
    • Article
      Lock icon YEAR OF TRUTH FOR GERMANY
      523 5 Reuter NEXT year will be a year of truth for the West German economy, IFO Economic Research Institute president Karl Heinrich Oppenlaender said. It remains to be seen whether the economy's own momentum is strong enough to propel an upswing without government stimulus. Mr Oppenlaender
      Reuter  -  523 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      717 5 ARRIVALS Service Local Operator Number Time From MAS MHfiOl 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL CPA CX710 1005 HLP RBA BI323 1030 BWN MAS MH671 0945 PEN/KUL GIA GA30O 1030 HLP MAS MH605 1045 KUL
      717 words
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      Page 5 Advertisements Column 1
      155 5 When looking for a plain paper copier, are these the features that appeal to you? If so, tick off the points. X u* A compact tabletop console copier which will fit almost anywhere A free service warranty that covers 5 years Faithful reproduction. whether the original is a photo, a
      155 words
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  • Article
    Clothes will not a broker make
    314 6 A BANKER in a boiler-suit would look as incongruous as an oil-rigger at work in a shirt and tie. Both would be making statements about their working life that would thwart acceptance of their respective skills. In this regard the Stock Exchange of Singapore
    314 words
  • Article
    Unions leap in the right direction
    296 6 ANY FEARS that might have been raised at the thought of trades unions spending their members' money on a losing business proposition like the Big Splash will now be laid to rest following the announcement that the unions will run the establishment in the
    296 words
  • Article, Illustration
    Land acquisitions: A developing picture of mixed fortunes
    1286 6  -  THE Government has recently given notice of its intended acquisition of some prime properties in the Tanglin, Orchard and Selegie Road areas. TEO TECK WENG reports on the reactions of some of the affected landowners and discusses the problem of adequate compensation
    1,286 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      286 6 i+ Wl HenkellTrocken The award-winning sparkling wine from Germany. Another quality product from Getaway to Sentosa For a fun-filled X'mas New Year holiday package Do something completely different this yeer. Peck up your begs end teke off to Sentosa. Then enjoy 3 days end 2 nights of fun end excitement
      286 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      66 6 W EAT:H ER| OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers from midmorning to scattered showers. Report for 24 tours prl*r to 7M p.m. mDm Mai the airport: Maximum temperature 28.5 C Associated humidity 81 Minimum temperature 24.0 C Associated humidity 96 Hours of sunshine 0.95 Rainfall
      66 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      174 6 WMHBBB 5.50 PM Opening followed by Popeye The Sailor* 6.20 Children's Corner (Chinese)* 6.45 News and.Newsreel in Tamil* 7.10 Youth (English/Chinese)* 7.45 Piano Recital by Seah Khung Img (English/Chinese—Repeat) 8.15 Topic Of The Week—Toyland (Chinese)* 8.45 News in Chinese* 9.00 Cultural Diary (Chinese)* 9.05 Tamil Cinema—Pt. 1 'Panama Paasama'? with
      174 words
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  • Article, Illustration
    Lock icon For whom the sensormatic bell tolls
    870 7 NYT LAURA SMYTHE, a 32-year-old shopper, was leaving a women's apparel store in the Roosevelt Field shopping centre in Garden City, New York, with a Christmas present she had just bought for her mother when bells started ringing. They were not Christmas bells but
    NYT  -  870 words
  • Article, Illustration
    Mahathir: Man of steely humour
    1301 7  -  GIVE-AND-TAKE SPIRIT AT ASEAN I By COLIN CHEE HE IS WITTY, unflappable, unpretentious and articulate. He is probably the only man who could have said Asean would go to war over Australia's low fare policy without causing a diplomatic incident. Dr. Mahathir Mohamad, general practitioner
    1,301 words
  • Article
    STRAWS IN THE WIND
    408 7 WHEN ASKED last week about his intended post-Opec meeting strategy, a Singapore fund manager confidently said that, basing his views on several international studies and recommendations, he would be bullish if the prise rise was around 8 per cent and bearish if it was over 1U
    408 words
  • Article
    Two sides of the account
    925 7  -  FORUM J r ...with Quek Peck Lim THE DIFFERENCES between an accountant in an international firm and a local firm are nowhere better illustrated than in a discussion on the role of accounting firms and the standards they are to maintain in Singapore. Such a
    925 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      379 7 V. A KM H S- f?+ V** 111 W*s wm^ >m ORCHID INN 214 Duncarn Road. Singapore II Tel. *****2 HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 1 The perfect place for a business lunch or dinner date... it THE MANDARIN SINGAPORt 333 Orchard Road. Singapore 9 Tel:
      379 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      23 7 BllStoW'.'FrarLkEhcien.s I LOOK PvT-TUPiT. 39 fl£SetßS, <2/2 FRfthCS, 1000 Llߣ \0 13 Dftpompvs. <2 mp^vcs, b kTCOMER B Roubles rmd 14.2 dinr*& Ik
      23 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Hongkong
      325 8 Source: FM SHK Sec Ltd. THE MARKET yesterday definatetytook heart from the excellent half-yearly report from Wheelock Mar-den and moved ahead in light trading. Better sentiment prevailed on news of Russian approval of the USSioo treaty and of some small US buying orders. The HK Bank stood out, improving
      Source: FM SHK Sec Ltd.  -  325 words
    • Article
      Selected Indices
      62 8 FINANCIAL TIMES INDUSTRIALS Tuesday 476.1 ;«.Monday 474.0 .Week Ago 489.8 DOW JONES AVERAGE INDUSTRIALS Tuesday 788.85 Monday 787-51 Week ago 804.14 LONDON DOLLAR PREMIUM Tuesday 79'/» to 80 Monday 75% to 75 H.K.HANG SENG Wednesday 496.79 'Tuesday 491.47 Week ago 497.04 1 SYDNEY INDUSTRIALS Wednesday 453.94 Tuesday 453.66
      62 words
    • Article
      Lock icon Large-capital stocks in heavy demand
      563 8 TOKYO Source: Daiwa Securities LARGE-CAPITAL stocks such as steel and light and heavyduty electrical issues advanced on heavy volume. The Nikkei Dow-Jones average closed the day with a slight loss of Y8.65, since market popularity switched to large-capital stocks from blue chips. Consequently, turnover was
      Source: Daiwa Securities  -  563 words
    • Article
      Sydney
      316 8 THE MARKET yesterday closed higher in moderate trading after its recent setback, dealers said. BHP rose 6 cents to $8.74 and other oils also advanced with Beach gaining 6 cents, Santos 3 and Woodside 2 cents. Golds strengthened with Centra] Norseman up SO cents at 113. Banks and properties
      316 words
    • Article
      Bangkok
      283 8 THE MARKET closed mixed yesterday with an easier bias in quiet trading, dealers said. General Finance (ell 8 baht to 388, Ayuthaya Investment to 214 and Asia Credit 4 to 468. Bangkok Bank, Bank of Ayudhaya, Thai Farmers Bank and Lee Kwang Ming lost 2 baht each to 404,
      283 words
    • Article
      Manila
      165 8 Prices closed mixed yesterday with oils posting gains while commercials and minings declined. dealers said. Turnover (ell slightly to 10.1 million pesos from Tuesday's 10.3 million. Gainers were Benguet Coo B, Basic Petroleum. Oriental B, Phil Overseas, Pioneer and Seafront while losers included Acoje Mining, Atlas Con B. Marinduque
      165 words
    • Article
      JOHURG
      356 8 GOLDS were generally firmer on bullion price consideration °n Tuesday, though certain marginals were off the top. Dealers noted that despite the metals shsrp price rise there was wkWsprisil concern ahead of the US gold suction. Galas ranged to 130 cents amongst heavyweights, while medium priced shares rose by
      356 words
    • Article
      Most bourses finish higher
      501 8 EUROPEAN MARKETS PRICES on the Zurich bourse closed narrowly mixed with aa easier bias on Tuesday, but the market showed good resistance to the further weakness of the dollar. Dealers said leading banks aad Insurances were little changed, while in finaadals □ektrowatt, Holderbank bearer aad Maag
      501 words
    • Article
      Zurich
      164 8 AcUonj Sulaaaa Aluaulae* Br an -i loot Aluaulaa* Rm Brown Boeari Br. CUM Oa%j Br. 1636 16*0 unch -u Cite Oaigy P C 830 X Cite (Mo Rm cww SulaatSr Credit SuUa* Raf •lektrowau Br. Oaorie riacbar Br Olollua Pc 2U0 4M lit6 646 10 it unch un^h H«ro
      164 words
    • Article
      Amsterdam
      167 8 DBC It Pto ABN AltoM Akao AMEV Amfu Aorot Bui S3"- Bote Bortumlj 307.00 IMuH rtm mm 1MM 74.10 SI.10 (1 JO 7M0 14M0 4i I 0J OJ 1J -04 ♦•J 0.1 ♦17 14 Burhmann Byvnkorf CaN* Dilft TUM MJO 1(7 JO •1 1 0J D*li Mlj Ennu Fokkar
      167 words
    • Article
      Paris
      241 8 DEC M Prs CORBEILLE Alr-Uqulde jauo •u B 8 N Ocmli CSr (ThoauonCtc Prancalee aet tmmm M 37XS0 ♦8 ■Li 13# 81 Coamnk Generate Credit Poncier De Frum an 461 ♦4 f] Hacbette (Ubnimi Machines IMifE 238JO sua iU -0J Michelin (B) Parlhu Pechinej Clgtne Kuhimtnii UM 106.10 71
      241 words
    • Article
      Brussels
      90 8 DEC If rr» FORWARD MARKET Acac 410 AHoU MB +5 Attur MO unch Brucan m -16 Bru-Lftmb !2L -15 lVwt Willi 430 -JO -6 De Been no -1 Ebcfl on unci) Bectrobal OOTOxd -M0 Ob-Inno-Bm MOO 15 um +4 Hotoofc 900 unch P»tto 3115 -30 Rri Dutch 1700 Stdro
      90 words
    • Article
      Frankfurt
      201 8 DEC 19 X Acr-Telcfunken >m WJO a jo WIM -OS ♦OJ 7 Akan All* Lebco BAST Sky H T W6»nk UU0 HUN -0.4 41 B>; Vbank 315J0 -1J Bajar 1)6.10 -L4 BBC 307 00B BMW wi no -0l» CUMlU 3KLOO 5 Chem Verw Commerxbank Contl Oummi Daimler-Be ru Defuaaa
      201 words
    • Article
      Milan
      94 8 DEC 10 Lire Anb> SI iU Aaaoc Oen MOO -too ButO(l 4M -U Central* 4110 -1M 3*30 -41 Plnakter 130 -3 Oen Immob me -i5 OT Prl 2» -41 Italcms ***** T42 -•30 ItaliMter m Mmcnetl M Pf Marelll Etc ZZ 330 -t Mod tob ***** -M0 Mlralanaa *****
      94 words
    • Article
      Wall Street is still weak
      1216 8 NEW YORK STOCKS closed slightly higher in moderately active trading oo Tuesday. Prices had risen across a (airly broad front in early trading, as technical buying helped stocks recoup some of Monday's sharp losses. But the gains eroded later and the market turned mixed, only
      1,216 words
    • Article
      Active trading
      268 8 TORONTO SHARE prices firmed in active trading on Tuesday after Monday's severe losses. The composite index rose five points and gains led lasses 228 to 198. Oil stocks were strong with Dome Petroleum up 5-1/4 to 89. Texaco Canada 1-1/2 to SO, Murphy Oil 1-3/8 to 11-5/8 and
      268 words
    • Article
      Lock icon Brascan suffers 20pc earnings decline
      185 8 FT. BRASCAN, the CanmAimi* (q. vestment management company with interests in utilities and mining, experienced a 20 per cent drop in its net income in the third quarter. Earnings for the period totalled C) 28.1 million against $35.2 million, equivalent to $1.06 per share compared
      FT.  -  185 words
    • Article
      Ontario Hydro
      46 8 ONTARIO HYDRO said it will sell to Japan about 1480 kilograms of heavy water at C 5250,000. The heavy water is to be delivered later this mootb for use at Japan Atomic Energy Research Institute. The sale eas made through Ntasho-Iwai Canada in Toronto.
      46 words
    • Article
      Lock icon MCINTYRE MINES
      14 8 UPI MGnrnujte at Canada has ißnii te expert a* irnptil IhsdsaL UTL
      UPI  -  14 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      242 8 When this anthology of 36 lively stories from The Asian Wall Street Journal was first published in February, it sold out in a matter of weeks. And no wonder. It's a book the Far Eastern Economic Review called "compulsory reading... a kaleidoscope of the many facets of Asia." Now the
      242 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Record export sales at Rolls Royce
      129 9 EUROPEAN b Reuter. THE ROLLS Royce Aircraft Engine Company has announced record export of £2,000 million for 1978, seven years after the firm went bankrupt. "Providing we can remain competitive and continue to develop our product range, our long-term commercial viability is now assured,"
      Reuter.  -  129 words
    • Article
      Mercedes stations in Russia
      162 9 MERCEDES-BENZ of West Germany is to establish a small network of vehicle service stations along the most important international routes in the Soviet Union. The arrangement follows the appointment of Mercedes as "official suppliers" to the 1980 Moscow Olympic Games. From the middle of next year
      162 words
    • Article
      Lock icon ROTHMANS IN SRI LANKA
      67 9 Reuter. ROTHMANS International plans to set up a cigarette factory in Sri Lanka's free trade zone and also to cultivate tobacco locally. The Greater Colombo Economic Commission said the venture will be 50 per cent financed by local capital. A Roths mans spokesman in London said
      Reuter.  -  67 words
    • Article, Illustration
      Lock icon China's steel from Nippon Steel
      316 9 r ASIAN t d UPI. NIPPON Steel, a major contractor for China's huge steel mill to be built near Shanghai, has agreed that half of the total value of equipment for the work will be priced in yen and the remainder in US dollars, a
      UPI.  -  316 words
    • Article
      Lock icon Japan gets China Steel offer
      191 9 AFP. THE Taiwan-based China Steel has offered to sell annually 200,000 tonnes of hot rolled carbon steel plates to Japan, industry sources said. Ishikawajima-Harima Heavy Industries (M), one of Japan's major shipbuilders, confirmed that it has received such an offer from the Taiwanese firm. Hot
      AFP.  -  191 words
    • Article
      NIPPON ELECTRIC HOPEFUL
      125 9 NIPPON Electric expects net profit for fiscal 1979/80 to be around 10 billion yen, up more than 30 per cent from 7.5 billion estimated for the current year ending March 31. President Tadao Tanaka said the forecast is based on an expected 10 to 15 per cent
      125 words
    • Article
      Lock icon Profit jump at Wheelock Marden
      230 9 Reuter. WHEELOCK Marden and Co has announced that unaudited group consolidated net profit for the six months ended Sept 30 Jumped to HKfGO.SI million after tax and minorities from 137.81 million in the same period last year. Extraordinary profit, however, fell to $1.68 million from
      Reuter.  -  230 words
    • Article
      Lock icon Fuji Photo foresees better showing
      159 9 Reuter. FUJI Photo Film said it expects net profit in the year ending Oct 31 next year to rise to 13.5 billion yen, up from last year's 12.44 billion yen, on sales of 300 billion yen, up from 278.80 billion in the previous year. The
      Reuter.  -  159 words
    • Article
      Tai Cheung ups dividend
      92 9 GROUP net profit at Tai Cheung Properties rose from HK520.73 million to $26.29 million (or the six months ended Sept 30. The profit is before extraordinary profit of 15.89 million (kMS of 131,000). Interim dividend is up one cent to four cents, payable on Feb 20
      92 words
    • Article
      Lock icon US Life has a crystal ball
      745 9 NYT. INVESTORS who may be wondering which of the many life insurance companies wiM be next to be acquired may find clues in the techniques used by US Life in its takeover programme. US Life is America's fastest-growing life company and already has US$3O
      NYT.  -  745 words
    • Article
      CHICAGO BOARD OPTIONS
      1438 9 On December 19 CHICAGO Board Options Exchange volume was 120,526 contracts, compared with 163,806 on Monday. OPTION JAN A PL JLY STOCK Alcoa A Icon Alcoa Alcoa Am Exp Am Exp Am Exp Am Tel Am Tel Am Tel Atl R All R Atl R Avon Avon-P
      1,438 words
    • Article
      Lock icon Fourth quarter loss at Firestone
      446 9 N.AMERICAN J Reuter FIRESTONE Tire and Rubber has reported a fourth quarter net loss of U*****.2 million, or $2.21 a share, for the year ended Oct 31, compared with a profit of $25.3 million, or 44 cents a year ago. Sales rise slightly to $1.37
      Reuter  -  446 words
    • Article
      Lock icon IBM proposes a four-forone split
      166 9 IBM proposes a four-for-one split UPI DBECTOIUIf Integra* AppNVt a fear far —r salt la IBM's (mum stack at the aaaaal ■unfit next April M. Tke heard abe veted to laerease tka faartarly dividend aa preseat skates ky M eeats to U815.44, payakle aa Marek It to ksUers aa Fek.
      UPI  -  166 words
    • Article
      Lock icon LTV sees an improved Indiana Harbour
      180 9 Reuter LTV said it expects the Youngstown Indiana Harbour Works to reduce its losses this year and become profitable in about two years. The Indiana Harbour Works is a major plant of Youngstown Sheet and Tube, a former unit of Lykes Corp which was
      Reuter  -  180 words
    • Article
      Electronic Data
      54 9 ELECTRONIC Data Systems of Dallas may hold up a contract with Iran due to alleged non-payment of debts. The company said that discussions were continuing with representatives at the Iranian Ministry at Health to ascertain the government's intentions regarding recovery of the amounts said to be owing. These
      54 words
    • Article
      Lock icon Simplicity to bottle Coca-Cola products
      396 9 NYT. SIMPLICITY Pattern, long rumoured as a takeover candidate itself, has announced that it would acquire the James E. Crass group of Coca-Cola bottling companies based in Richmond, Virginia. Mr. Harold Cooper, chairman and chief executive officer of Simplicity, said the soft-drink producer would receive
      NYT.  -  396 words
    • Article
      Lock icon Harris optimistic
      203 9 FT HARRIS Corp expects growth in the current fiscal year to be between 12 to IS per cent, and any slowdown due to a recession will not be felt before the fourth quarte. Mr. Joseph Boyd, the chairman, said analysts' estimates for fiscal 1979 earnings of US$2.4O-S2JO a
      FT  -  203 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      199 9 \s The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive "Foulks Lynch Review".
      199 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1131 10 BID and offer prices officially listed and business in and reported to the Stock. Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
      1,131 words
    • Article
      Government bonds
      264 10 4 1/2% 1/8/80 (290.000) (M.208 *****) 4 3/4* 18/9/80 (250,000) (99.558 99 70S) 5* T F 1/8/88 (250,000) (100.108 10RJ9B) 5 3/4% T F 15/8/81 -84 (250.000) (102-306) 7* (250XK») (100.058 *****6) 7 1/4% 18/10/88 (*****0) (100 SOB) 7 1/4% 1/8/87 (250A)0) (100 758) 8 3/4% T F
      264 words
  • Article
    Unit trusts
    152 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (M»—gnu' prttmm ktlh s») (Carnal Mima) The Commerce 204 2.1* Income Bond LU LIT The Savinf Fund 1.27 1 35 S pore Pro* Fund on 0* S pore Sec. Fund 1.(7 1.77 S pore Invest Fund I.IO 1* MARA KHOPV1 *A FUND
    152 words
  • Article
    SHARE INFORMATION SERVICE
    2540 10 1978 High Low Company Last Sale or Gr-s Div Div Cvr Gr*s Net Y'ld P/E Vol Day (*000) High Low SECTION ONE INDUSTRIALS rtf 231 m 219 275 111 2M> 328 245 880 132 123* 107 133 T 182 173* 140* 256 Aetna Alcorn Allied Choc BAT
    2,540 words
  • Article
    In Kuala Lumpur
    1338 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS A|in«m«u I2.70B). Alaam (1.738) A Chat (1 OGB I.10S) (2) I.o*
    1,338 words
  • Article
    COMPANY MEETINGS
    286 10 Mikjia Ik Dredging (M) BM: AGM to be held at Wisma Bung* Raya, 152, Jalan Am pang, Koala Lumpur at 11.00 am tomorrow. Ssatkara Malayaa Tla Dredging (M) M: AGM to be held at Wisma Bunga Raya, 152, Jalan Ampaag, Kuala Lumpur at 10.00 am tomorrow. Ustted ladnstalal
    286 words
  • Article, Illustration
    Big investors not ready to commit themselves
    540 10 ERRATIC PRICE pattern were seen term the heard at the Stock Exchange ef Singspere yesterday bat the final tally stowed that the market ended «a a slightly higher nnte. It was dUHenlt to Identify specific treads an different counters shsurtid different patterns during
    540 words
  • Article
    Market stages a small rally to halt decline
    613 10 THE KUALA LUMPUR stock market staged a slight recovery yesterday after two days of steady decline following the announcement of the 14.5 per cent increase in oil prices. Although prices were marginally better, trading was extremely dull and quiet. Only a handful
    613 words
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  • COMPANY NEWS
    • Article
      UOB expects to maintain its current growth rate
      2020 11  -  By ARTHUR NG THE UNITED Overseas Bank expects to maintain a similar growth rate in the second half year as that attained in the first six months of the current year ending Dec 31, 1978. This is the indication given in its
      2,020 words
    • Article
      DIVIDENDS ANNOUNCED
      510 11 Current Ex Books Date Total for Total for Pnyment Onte Clone Payable the year Previous year Toshiba 15*(b)TE Nov 20 Nov 30 Dec 22 15TE 12(b)TE Sovran 6*(b) Dec 4 Dec 14 Dec 22 6* 6* VIC 20* Dec 4 Dec 11 Dec 22 20* 20* Mai Tia
      510 words
    • Article
      SCRIP ISSUE
      201 11 Company Particulars Ex Onte Books Close S pore Land Rights issue of I for 3 Synthetic Resins $1.40 per share Dec IS Dec 22 Rights Issue of 2 (or 5 Fed.Cable* t >1.00 per share Dec 13 Dec 28 Rights issue of S for 8 G Ceramics <■
      201 words
    • Article
      Drop in Supremeprofits due to halt in dredging
      180 11 SUPREME Carparatlea say* the iwwm la its pre-tax pnflti was largely a resalt sf the etassttoa sf tla dredgiag speratlsas la September last year. la a reply to the KLSE, It aMs that this feitowed the exhaastlea sf eesasmle dredgiag graaad. The
      180 words
    • Article
      HK firms reject takeover offer from H&L
      254 11 THE BID by baaed Highlands aad Lswsmaller* Uke avfr psratcd piaatatlsa map The three nmpiisiii. Bahher Trwt Ltd, AmalUTmhi £25Li i ££lr taa Bahher Estates (l*tt) LMmMIh Jatet statemeat that they have received the reaalts sf ladepeadeat nhattm el MalayS^ 11 ta aaTthe
      254 words
    • LATEST RESULTS
    • Article
      I.M. Textiles weaves another tale of woe
      282 11 AS EXPECTED, India Malaysia Textiles (IMT), the heavily loss-striken textile weaving company which operates an integrated textile mill in Butterworth, reported another set of dismal results for the year ended March, 1978. Although the company managed to reduce its net trading loss slightly
      282 words
    • Article
      Letter to the Editor
      276 11  -  Lim Sin Nee Managing Director SEA VIEW HOTEL LTD. Dear Sir, I refer to the letter from "A Wrongly Advised Small Investor" (BT, 14.12.78). I wish to assure your reader that the directors are fully aware of their legal duties and responsibilities »nri have at all
      276 words
    • Article
      Inchcape reaps an extraordinary profit of $2.7 m
      527 11  -  MANO BABNANI INCHCAPE BERHAD has disposed of several of its properties in Kuala Lumpur and Brunei for a net consideration of $5.33 million, reaping an extraordinary profit of $2.7 million in the process. The company said negotiations were completed on Dec 18
      527 words
    • Article
      COMPANY BRIEFS
      100 11 MAGNUM CORPORATION has been asked by the Kuala Lumpur Stock Exchange to furnish details of the proposed utilisation of funds received from the sale of its Jalan Birch property. The KLSE has also requested for a copy of the sale agreement and the letter of approval from the
      100 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      200 11 aW. On I TELEVISION Now the BBC's longest and costliest TV dramatisation of a single novel Leo Tolstoy's War and Peace. Now available in a beautiful Penguin gift pack. 1 N V V A Professor John Kenneth Galbraith presents his views on economics in The Age of Uncertainty. His renown
      200 words
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  • Article
    Japan's growth will plunge below 5 pc
    188 12 JAPAN is heading for the lowest economic growth in four years next year as the government is unlikely to come up with more expansionary measures, according to the Mitsubishi Research Institute. Mitsubishi predicts the economic growth will plunge below 5 per cent for
    188 words
  • Article
    Lock icon US may liquidate frozen Chinese assets
    840 12 CLAIMS SETTLEMENT ISSUE Washington Star. CHINESE assets frozen in the United States may be sold or liquidated, so that the proceeds can be distributed to Americans having claims against China, US State Department and Treasury officials said. No final decisions have been made and
    Washington Star.  -  840 words
  • Article
    Iata urges US findings to be set aside
    393 12 THE INTERNATIONAL Air Transport Association (lata) yesterday urged US aviation authorities to set aside their tentative findings that the association works against the public interest. These findings by the Civil Aeronatuics Board (CAB) carry the veiled threat of US anti-trust sanctions. lata
    393 words
  • Article
    Lock icon COKE TO CAPTURE CHINESE HEARTS
    900 12 Agencies COCA-COLA, probably the one product most symbolic and symptomatic of the American way of life, is going to China. The Coca-Cola Co said it would start selling the world's most popular soft drink in China next month. It is thought that Coke will be
    Agencies  -  900 words
  • Article
    LONDON STOCKS
    720 12 LONDON,Wed. Share prices closed slightly higher with activity much reduced as the holiday season approaches, dealers said. At 3 p.m. the FT index was up 1.4 at 477.5. Among leading industrials, average gains amounted to a penny or so. Government bonds finished as much as 1 point lower
    720 words
  • Article, Illustration
    Public can still turn up for a splash
    446 12  -  By WANG LOOK KEAH THE NEW mm af the Big Splaah will be raaalag the cwnpiex as a Metal dab that will still be epeaed ta the pa bile. The ea-eperative saddles af the Siagapare ladastrlai Labear Orgialiitlwi, Piaaeer ladastrlea Empieyees' Ualaa
    446 words
  • Article
    SES sartorial rules
    237 12 Clerks working on the trading room of the stock exchange of Singapore will be expected to dress and behave in such a manner that reflects neatness and decorum from Jan 2. The exchange, in a circular to its member firms, said male staff should be dressed in
    237 words
  • Article
    Spyros fuel is not polluted, inquiry told
    252 12 THE SPYROS inquiry heard yesterday how bunker fuel is loaded onto tankers at Shell's refinery at Anacortes (America) without the fuel getting contaminated. The procedure was detailed by the refinery's operations superintendent, Mr Glen Dillon, whose job includes overseeing the bunkering of vessels.
    252 words
  • Article
    Lock icon Gold fetches US$214 at Treasury auction
    333 12 Agencies THE US Treasury Department sold on Tuesday 1.5 million ounces of gold from the country's stockpile at an average price of U*****.17 (about SJ47O) per ounce. This was slightly less than Tuesday's price of $215 to $216 per ounce on the London market
    Agencies  -  333 words
  • Article
    METAL PRICE TO FIRM
    65 12 THE latrraaltaaal price b expected to eater aa eadpetted ef raanlltfiUia tollewlag Taeeday'a U8 dealer* deaerfhed as eae ef the T*ey Mid the eeale ef "-rtlpHre at the fieritr wae peattlve for the aaeteTa fatere price tread, while the tverafe prtoe realised wae ap to mm*
    65 words
  • Article
    Philippine govt denial
    60 12 THE Philippine Trade Ministry yesterday denied being the source of press reports that France had imposed strict controls on Philippine exports to retaliate (or the alleged failure of Renault in Indonesia to get dollar allocations. A ministry spokesman would only say that Trade Minister Troadio Quiazon would
    60 words
  • Article
    Jakarta says yes to C'corde
    252 12 INDONESIA yesterday removed all objections to allowing the supersonic Concorde to overfly its territory, thus removing the last obstacle to Concorde flights between London and Australia via Singapore. The decision, made known by civil aviation director-general Kardono, will allow the aeroplane to overfly Indonesian territory
    252 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      318 12 Leader... Page S This Month's New Penguins The Beginnings of Looming Krishnamurti Krishnamurti has become widely known as one of today's leading thinkers on educationel matters. This book together with The Impossible Question demonstrate the nature of his thought and show how much the Eastern tradition of meditation and the
      318 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Four new tankers
        78 13 Reuter. THE World Wide Shipping Group has placed an order with the Polish Gdynia yard for (our 84,000 dwt oil tankers worth just under US$BO million (about SJI7O million), a spokesman for an associate company within the World Wide group, Marine Navigation Co Ltd, said. The ships,
        Reuter.  -  78 words
      • Article
        Lock icon Pakistani merchant fleet
        51 13 AFP. PAKISTAN will resume negotiations with Yugoslav and Polish shipyards for the purchase of merchant ships for the Pakistani fleet. Poland and Yugoslavia had earlier offered to build ships for expanding Pakistani merchant fleet which is planning to add 21 new ships in the next five years.
        AFP.  -  51 words
      • Article
        Lock icon Leonardo Da Vinci
        127 13 UPI. THE LAST of Italy's great ocean liners is about to end up as a floating casino in the US, a floating hotel in England or a seaborne Italian handicraft exhibition, shipping sources in Genoa said. Mr. Pier Luigi Borgna, director-general of the state-owned Italian Lines, said
        UPI.  -  127 words
    • Article
      Hapag Lloyd sets sight on newbuilding
      537 13  -  By GOH ENG KEE HAP AG LLOYD, the leading West German shipping group, is considering placing an order for a new containership for its EuropeFar East trade, which it operates in consort with two British lines and two Japanese lines. The Trio container consortium
      537 words
    • Article, Illustration
      Heavy-duty forklift truck
      150 13 AN AUSTRALIAN eempaay has ai—Meed the release eC aa all-Aastra-Una designed aid bail* heavy-da ty ferkllft track specially Made tsr eeaaad PAD aMpsf m r r Clark Efalpneat Aastralla Limited deveisacd the vcMcle, the CYIM (re-re), as a law preffie paste headier te The CYfiM has a
      150 words
    • Article
      SHIPPING LIST where your ships are due...and when
      4142 17 SCHKDDLE 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
      4,142 words
    • Article
      INDEX
      488 17 SMpping Um Page Cal Aconas n 9 ACS n 5 Afea IV 3 Aguila IV 2 Alpac TV 5 Angkutan IV 3 Anhsing IV 3 ANL I 1 APL m 2 Arya Nat n 5 ASCL ra s Asia Merchant m 4 Atlantic Int V 2 Aust.Cont IV 5
      488 words
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      Container Schedules
      967 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
      967 words
    • Article
      Who acts for whom
      895 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN>—Unipacific. Alpac Line—lntrasea.
      895 words
    • Article
      Some new lines to make debut
      712 18 FAR EAST FREIGHT THE China market will be important to this region. Announcements of new shipping lines can be expected in coming weeks. A parcel of 8,300 tonnes of bitumen in drums is available for prompt shipment from Singapore to Abu Dhabi. Freight rates
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      Lock icon London freight market
      185 18 UPI. US GRAIN movements to the Far East were prevalent on a varied chartering market on Tuesday. Continental Grain arranged the 50,000 ton Cobelfret vessel to Japan loader with heavy grain-sorghum-soya-beans in a February 1/20 position for which the rate of U5512.85 was secured. In addition, Dreyfus
      UPI.  -  185 words
    • Article, Illustration
      A 'first' for Sumbawa
      109 18 THE EAC vessel Sumbawa sesred a first for the traaa-Paetflc aerviee sf the East Asiatic Campaay, Cepeahagea, la traaspsrttaf ts the US a replica sf a 1117 Fskker Trftplaae (aheve) last meath. Tke aircraft was esastraeted by tws amatear baUdera> Mr. Alaa La we aad Capt.
      109 words
    • Article, Illustration
      SHIPS IN PORT
      425 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bougainville (2100 after Quirinale) 18 Centaur (1200 after Chidambaram) 1/2 Chie Maru (after Palm Sea Horse) 15/16 Dong Min (0700 after Farallon Glory) 23/24 Frotabeira (after Ever Faith A Manoloeverett) 42/ 43 Karl Liebknecht (after Gudrun Bakke) 6/7 King Tower (1500 after
      425 words
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      398 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA ANDCANADA Agents Barber Lines Singapore Pte Ltd Harrisons A Crostield Kuala Lumpur Pemas MISC Penang Tel: 9265 1 Tel: Tel ***** JAR DIN I AN I \H Orient Overseas Co*Uci*teA Line FUU.T COWTMOBCP SERVICE TO EWOPE (VIA SUEZ) Insnm ami izm H.KONC CONTNKI IJW
      398 words
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      Page 13 Advertisements Column 2
      263 13 &8;i;§ JS3E SEALORD ANTAH m UASC UNITED ARAB SHIPPING CO (SAG) L All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. [■ARABIAN GULF WEEKLY SERVICE S pore I Loading for Damman (5/1). Kuwait (8/1). Doha (11/1) Muscat (14/1), Mina AJ Fahal (17/1) Damman (16/1) j
      263 words
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      287 13 NOL t NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE Ml COHTMO.. 2Mi 3tm li Im 21 Im o rnxmcm. ItM II to 2f ta 27 tm U MDS— l(lai 17 Mi 2FA 3FA COM. 23 Im 24 tm •FA 11 FA C NK ntmZitm 14 FA UFA ft KM.
      287 words
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      Page 13 Advertisements Column 4
      509 13 ^+==`$])`,.\&</=!@.+%.,/)\^:.,^ ■ua MAERSK LINE o> US Pacific GuH&A IW ni,caodEaslCdoafla .Alsoaccepi.nglp, Honqfcooo FULLY CONTAINERIZED FAST DIRECT MEEKLY 1 i 21/12 24/12 V 1 VI VI 7/1 »/2 Wl 12/1 IV 2 17/ 2 ls/ 2 2 u (0# lasl Asa (Momtot*. KmU »**> (TM»o Kobe lokotm 22/12 21/12 29/12 21/12
      509 words
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      679 14 FULLY CONTAIERSED TO EUROPE EXPRESS CONVENTIONAL TO EUROPE Spare PKetan* Pen B6ka* Caw* HT»*| Slutoi I dam Antwerp Mweble. 21/12 23/12 27/12 25/1 3/2 2/2 31/1 29/1 Hotboti 20/1? 16/1 12/| 26/1 24/1 22/1 20/1 FULLY CONTMNERBED TO GENOA/TRESTE S'f»« P Katant Genoa Tntstc Mppe-ca VI 6/1 26/1 1/2 HaAaUMara
      679 words
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      Page 14 Advertisements Column 2
      395 14 •far 10 Ma, n 15 (far 30 •far 2 Ikr 9 fa Apr 2 fa fa 13 fa W fan *rl fa* z* fa* fals fal far II 7U "MrfMM (UC> 20-20/2 1-2/3 2-4/3 94/3 4-4/3 £3 Ci *\l/t5Z£ oul m t UPHfSS ARABIAN AND IBAMA* POUTS I OCAVY-UFT CAPACITY
      395 words
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      628 14 EVERGREEN LINE iEVERGREEN MARINE CORPORATION* FAR EAST/RED SEA, 1 EXPRESS FULL CONTAMER SERVK2 ALSO ACCEPTHG CARGO FOR GENOA. LATTAWA. BE RUT ALEXANDRIA, BENGHAZI. TRIPOLI (LBYA) S*n 'MM MWUmwI Itftarn fm Emt Mm 23 Ok 3ln sla 7to 131 m 's'taT' lim MmtmM) i lai If (m 21 tm 231 m
      628 words
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      Page 14 Advertisements Column 4
      1047 14 Everett Lines Barm SUr ttippim Cap*. 'BURMESE NATIONAL LINE' UMBBB FH RANGOON B F.S.S.C Agents Malaysia: TEPS MALAYSIA Keiang Tel (38) 7355 Penang Tel *****/***** Compama ArfMitina D« l» Mmwiwii lotfotw—m S. A. C.I. F. y "ARGENTINE NATIONAL LINE" l OAOMC FOR BMML CAPETOWL RENOS AMES PATAGONA AAGEWTMA 9/19 FM
      1,047 words
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      877 14 131 SANKYO LINE AUSTRALIA SERVICE fMUR STM MAYSXY DMMOMDSTM. may prmce 24/2 C Otc 27/21 Ok SVD. MEL 21/22 Ok 23/25 Dec GERALDTOft. AOEL 5/ I 1» 2/ 4 lan SVD. MEL. AOEL 14/ IS lan 11/13 i» BBS. SYD. MEL BANGLADESH SERVICE GENERAL AGENTS CONTAMER BOOKMG LOAD AGENTS P
      877 words
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      589 15 OCL Overseas Containers Limited COOTABOSMP SERVICE TO UK/COWTBOT: cowtmosw sama to uk/comtmemt: i* M'burg Ore« rim Hem Slm PAMam Spore Rot Me Imnlln SM IM MM MM 21 Ok 22 0k MUS UM W Mri MM 29 Ok 311k NR. US INmM* I*d MM MM MM MM «to (Ml W.U
      589 words
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      Page 15 Advertisements Column 2
      526 15 GRANARD LINE RELIABLE t OEPENDMU NON-CONFERENCE QMS SERVICE NEST BOW®-f M EAST/MEDITERXAIKAN !>n PJatoat Nw< laafcghr MV MM MM m 77I>(C 11m 31m DHwrti/PSato, Ateuamlria •vat/UMn/ Pireaus If*** Benghazi MV. MM FUNS MM— 1) 1m IS 1m 171 m Mdah PSaid Aleiandna IinUSSOI/Beirut lattatia Pireaus Tripoli Benghazi MV. MM TAT
      526 words
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      660 15 BEN LINE CONTAINERS Exncss cam am soma to/fmm euro* HBUDC BHAVEN ROAM N City of EMor* FWMBMOPE H BURC 6 HAVEN R OMI HAVRE SOTON W Germany A«tru Benetei France MUK P Rotor Imlln bM M SjM bM bM Harobwt Eiprns M M bM SjM M 21/12 Bremen i iprm
      660 words
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      Page 15 Advertisements Column 4
      591 15 1 Scan Dutch V p **1 !«:n: I >11.IT! 4 >7i'i:fjr~ auiau 22/12 i—mu wu at— 7/1 iwmu ivi aunt it/i r—xm 27/ i BUM M/ 2 Sm 1) IMB 1) MM lta| 4) tkq kM VI VI M/l U/l M/U U/l 17/1 IVI 71/1 7/1 a/i a/i 77/ i
      591 words
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      Page 15 Advertisements Column 5
      568 15 r GUTHRIE BOUSTEAD^™ THE BANK LINE LTD LVKES ORIENT LINE EXPRESS SERVICE DKECT FROM SMGAPORE TO m ORLEANS, MOBRE. HOUSTON. GALVESTON. ALSO ACCEPTMG CARGO FOR BANGKOK. MAMLA. TAIWAN, HONGKONG PUSAN AND MP AN PORTS. UUMBJUtM). arm into <»* t M» 11FM 8M SINGAPORE *****4 PT KELA !M G *****1 KUALA
      568 words
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      Page 16 Advertisements Column 1
      910 16 K LINE KAWASAKI KISEN KAISHA. LTD. tj.jii'j.i.infTTFnH (MA SUEZ MM TO EUROPE S pore P Mam OMENTAL Off 1211 *Dk27 Dk 14 la If la 17 la II la 20 m comma 1 m 2tm 31* 21 ja 23 tm 24 tm 25 ia 27 nw RESEARCH! Ml 9 tan
      910 words
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      Page 16 Advertisements Column 2
      921 16 N.S.A./EAST CANADA ACCEPT* Fa/ia CONTAKRS FOOM PENANG. P. KELMK. STORE im*i hr- mm km. Norfolk Pmiw( Bciawar P rtlm Stf^ptrv M AMM~ (I4BA-24 SO) 7/9 h. 14/12 la, 11/15 1- 14/11 la E.C./GAEAT LAKES SERVICE Mr MWOM m TQM. KMIVIt. lOOITO. UfIWJL KlkOT CMCMO M hi***" P Kelang Smgadore CALIFORNIA/PACIFIC
      921 words
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      Page 16 Advertisements Column 3
      434 16 JS S At. SINGAPORE SHIPPING AGENCIES PTE ITD S/\<,IPORJ. IST I \/>\ /im wmmmmm-a S «t«»" ftna*! lM*|kr SENANCBUIV M bn/SOK At* Ohjfc D mm GL»m m mjuot SWTOSA BUM) 13M 7/12 to* Bh»m Dm DSR LINES FIST SfMCO S pore P Alar* 4/SJ* 4/ I to* 2/3 FA 4/5
      434 words
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      207 16 h P«t Mrt/Maa/Aacrp/ M CM ofta rn/CmtMa* pvta aMod to Mkmml «m> omo mm mc in «i cm Man batoUap* PmaMBC TN. *****7/421M/42M25 tart Mat tamo-MSC TN. 7111/4 Pan* Pawt-4BC 14. ***** fenM uo Mrras m. in i* 2M1522 PAN SIMM MDKCS TN. Ski *****/23 MISC-COASTAI SERVICES SDN. BHD MM
      207 words
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      756 16 INTRfISEfI (PTE) F 3her House 34E 0 Road S'r 1 olpphnnp 1 23 c "10 c LTD 3«pore n KOUI* MDEPEWCNT SEH/FULL CONTNNER! "OK »toa/H tet/loniocM 17 M 24 la tt/*w«/Haaton/ "NO iff*) in nutn Boons ram 7 mt a wat mm. mm mm bsuj mrnmmm- jmm hisvj \*Kansai Line
      756 words
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      119 17 I WORLD 3" LINE E®KBS KSBUt SMS MfM/NONEKONC/STMfTS puhi 131 SjM hfet l-l toe»/« Ok a/23 U o*. 24/27 Dk 21/29 ba Iprii wraion j ff) m its. Sit fctoa Nmm. Mb 9*y, S'ptrt I. T* *****77 mmi rammjm mr uun t* jujoi, mm/ 3ttm (Sto-«n«h to Sw-tapa Skip* ht
      119 words
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      173 17 K KARLANDER (AUSTRALIA) PTY. LTD. Mran Iran East Austrikm pvh Mh Sj+*j S'pm M4a| riM SIM In Nrl ruomavss 22 Dot 27 ok 21/22 i* 23/2* 1* TWaSTMtVJI 131 m 111 m 14/ IS FA It/17 F* DUMMD STM *37 12 FA If Fok 13/14 Mar IVIt A jwrt x
      173 words
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      115 17 m.v. "VIBHVA MAHIMA" VOY: M srrtved IIUDNWkr. It7B •1 PAA. Co<*w» No. 46. Oeneral Survey of damaged cargo ex the above teasel will be held on Tuesday 26th December. 19TS, as from •JO am. to SjOO p jn. No further survey will be held after this date. Ageata:B. JUMABHOY SONS
      115 words
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