The Business Times, 8 February 1979

Microfilm: NL9996
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 141/1/71 THURSDAY, FEBRUARY 8, If* SO CENTS
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  • BRIEFLY...
    • Article
      Lock icon Leyland walkout
      70 1 UPI LONDON, Wed. Ten thousand car workers walked off the job in a lightning walkout today, inflicting new wounds on Britain's shaken economy. They struck near Birmingham at the big Longbridge plant of the State-run British Leyland car company. The walkout followed an overwhelming strike vote at a
      UPI  -  70 words
    • Article
      Lock icon Garment review
      75 1 Reuter MANILA, Wed. The US has agreed to review its classifications of Philippine garment exports during recently concluded consultations requested by the Philippines following a US embargo of about 1.6 million pieces, the Trade Ministry said. The embargo followed a new classification method adopted by US customs late
      Reuter  -  75 words
    • Article
      Lock icon Target shortfall
      76 1 Reuter TOKYO, Wed. Japan may not be able to attain its US$4 billion (SsB.4 billion) emergency import target by the end of March this year, Japanese Trade and Industry Minister Masumi Esaki said today. He told a Lower House (Diet) budget committee that the targetted emergency imports worth
      Reuter  -  76 words
    • Article
      Lock icon FEFC will review rates
      92 1 Reuter MANILA, Wed. The Far Eastern Freight Conference (FEFC) will review its proposed general rate increase and method of calculation after the meeting with the Federation of Asean Shippers Council (FASC) in Kuala Lumpur, the FEFC office here said today. In a statement, the FEFC said
      Reuter  -  92 words
    • Article
      Third largest port
      41 1 SINGAPORE has become the third largest port in the world according to tonnage of ships, the Chamber of Commerce and Industry in Rotterdam said. The largest port, according to 1977 figures, was Rotterdam followed by ~Yokohama aHd Singapore.
      41 words
    • Article
      Lock icon Saudis deny reports
      69 1 UPI JEDDAH, Wed. Saudi Arabia has officially denied reports of any contact with South Africa over a reported offer by Pretoria to buy Saudi oil with gold. The denial was made by Abdul Haki Taher, governor of the state-run petroleum and mineral resources organisation, Petromin. Mr Taher
      UPI  -  69 words
    • Article
      Dow Jones
      58 1 NEW YORK, Wed. The stock market headed lower early today as gold climbed to record highs abroad and the dollar plunged.Trading was farily active. The Dow Jones industrial average, which lost 1.13 points yesterday was off 3.28 points to 819.55. Declines led advances 696 to 291, among the
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  • Chief Price Changes
    • Article
      SINGAPORE
      129 1 Falls DBS 452 -16 O C B C 810 -15 Straits Trading 570 -15 F N 530 -15 Tractors 520 -15 Hong Leong 320 -14 Sel Coconuts 344 -12 D Keramat 1070 -10 Nat n-on 645 -10 Metro Hldgs 350 -10 Wearnes 280 -9 Spore Land 167 -9 Dunlop
      129 words
    • Article, Illustration
      K. LUMPUR
      143 1 Falls Troooh 720 -25 FAN 535 -20 Aokam 310 -18 S Trading 575 -15 OCBC 825 -15 Wearnes 278 -12 Gen ting 338 -12 UOB 344 -12 Consplant Wrts 406 -12 DBS 458 -12 Sel Prop 210 -10 Tongkah 310 -10 Sel Nut 348 —10 CAC 350 -10
      143 words
  • Article
    Work schedule for petrochem
    718 1  -  BASIC DESIGN BY U.S. MNC By RONNIE LIM A WORKING programme for the planned |2 billion Singapore petrochemical complex on Pulau Ayer Merbau has apparently been finalised. The plan, in the hands of the Petrochemical Corporation of Singapore (managers of the project), calls for the start
    718 words
  • Article
    Banco do Brasil's US$20m floater
    268 1 BANCO do Brasil SA, the only South American bank in Singapore, will be making its first issue of Asian dollar floating rate negotiable certificates of deposit this week. The US$2O million threeyear NCD issue will carry a rate 0.25 percentage points over the six-month Singapore
    268 words
  • Article
    Sure-footed manufacturers for Jakarta
    628 1  -  By FONG MEW LENG SIN G A P O R E manufacturers will propose eight joint venture projects in the industrial machinery, metal engineering, transport and communication equipment, food processing and chemical industries at the coming Asean-EEC conference. All eight projects are proposed by local manufacturers.
    628 words
  • Article
    A FLOOD OF FOOD?
    72 1 THE INDONESIAN government said yesterday it would flood the market with imported goods if prices of locally produced goods rose uncontrollably. State Secretary Sudharmono said after a cabinet session that producers should make their own price calculations and adjustments following the 33.6 per cent devaluation of
    72 words
  • Article
    Iranian war rumours spur price of gold
    257 1 THE price d gaM kalltoa touched a reeardUBS2M tenftay as ruMvs dJhfi war la Iraa triggered «H a wave af pa sir kayiag. Piicpg Ml geld fatsres exchange ate* rase Is new highs, aad the U8 Miar weakvsaayyy ists dgsT mS markets, la
    257 words
  • Article
    M&G won't play ball with Sime Darby
    464 1 THE MAG group, believed to be the second largest holder of shares in Guthrie Corporation, has no intention of accepting the current bid for Guthrie by Sime Darby at the present level (of 425 pence per share), MAG Investment Management chairman David Hopkinson
    464 words
  • Article
    Lock icon Outspoken guest
    62 1 Reuter CHINESE Vice-Premier Teng Hsiao-ping yesterday warned countries in Southeast Ada, the Middle East and oa the Indian subcontinent that they could, become targets d Soviet aggression. During a series d meetings with Japanese leaders, Mr Teng consistently attacked the Soviet Union in a manner which could embarrass
    Reuter  -  62 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      27 1 Wiyfoong MAF A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited it ITIOSt Shaw Hou*. Cr<>un<l i-loor. 354 Orchard Road. Singapore 9. Id: *****7.
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    • Advertisement
      Page 1 Advertisements Column 2
      75 1 For a truly satisfying game, COOT has it the all-power-ful EXXON Graphite Shaft on JEWELRY COOT woods for greater hit and distance because it's lighter, affords better control and excellent feel everytime. For faster, easier swings, MICROLIGHT Shaft on COOT Irons give longer carry than conventional irons, greater accuracy and
      75 words
    • Advertisement
      Page 1 Advertisements Column 3
      2 1 _;!(,*_@"=&?+]"*)](?^`<=>/@,`\" SHIPPING TIMES
      2 words
    • Advertisement
      Page 1 Advertisements Column 4
      17 1 (I Lm4c*~ Paget PROPOVVER AKAI INTRODUCES IT S PRO SERIES. IT S ALL SYSTEMS GO IN '79!
      17 words
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  • TRADE AND INDUSTRY
    • Article
      Rust proofers meet in Hawaii
      122 2 A TEAM of five rust-proof-ers from Singapore and Brunei left yesterday to attend what is believed to be the world's largest meeting on rust in Honolulu, Hawaii. Tuff-Kote Dinol franchise holders in this region will be among more than 1,000 TuffKote people from all over
      122 words
    • Article
      NZ visitor for ITB
      72 2 THE CHAIRMAN of New Zealand's Vocational Training Council, Ma jor-General L.A.Pearce, will be visiting the Industrial Training Board and a few of its training institutes today and tomorrow to learn about the Singapore body's mode of operations. His visit will commence with a meeting with the
      72 words
    • Article
      Interim pact to replace Seapcentre
      513 2  -  By FOO CHOY PENG AN INTERIM agreement between Japan and Asean on a new centre, to replace the defunct South-east Asian Promotion Centre for Trade, Tourism and Investment (Seapcentre), is expected to be signed by the end of this month. Negotiations on the terms of
      513 words
    • Article, Illustration
      A knowing card, this system
      173 2 COMPANIES to Htog» g m mi m M forward to security mlaas seeartty fur* aai leek Mi key. A MW MfUittntod raage mt eart aeeen Meutty ■j all ma latraiaeei by Chabb Wappiw ien away with all then. fcgtoahy aivaaert tnriM Cart-aeeen er eatry late
      173 words
    • Article
      Swiss executives to watch the market
      287 2 TWO executives from the Sodete Suisse Pour L'lndustrie Horiogere (SSIH) will be coming to Singapore on Feb U to study the local watch market. Mr R. Gautier, chairman of the executive committee of SSIH and Mr T. Girard, a member of the committee, will
      287 words
    • Article
      UKTA chief is in town
      155 2 THE CHIEF executive of the United Kingdom Trade Agency (UKTA), Mr Neilson Lapraik, arrived in Singapore yesterday afternoon for a week-long visit. UKTA is an organisation established by the British Ministry for Overseas Development to assist developing countries In improving their exports to the UK.
      155 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      254 2 MR James Scanlan, vice president and general manager of Iring Trust Company's Singapore branch announces the appointment of Mr. RaaaM W.W. Leke and Mr. Rflehael Baey as corporate officers with the title of assistant secretary. Mr. Loke is an honours graduate in business administration from the University
      254 words
    • Article
      MORE MONEY FOR CULTURE
      126 2 THE Singapore Cultural Foundation has received more donations, bringing the total amount received yesterday to 9961,000. The latest donors include Mr Jack Chiarapurk, chairman of Jack Chia-MPH, who becomes a founder member of the foundation with his donation of $10,000. Mr David Marshall, who donat- r
      126 words
    • Article
      MEMO PAD
      519 2 COURSES AND TALKS Jan 3-Feb 21: Statistics for Insurance Employees, SITC, SITC Feb 5-Apr 14: Diploma in Life Insurance, SITC, SITC Feb 9: How Training Paid off for One Organisation, Hotel Equatorial, ST ADA Feb 10 k 17: Vosper Pte Ltd training course, RELC, Vosper Feb 12-13: Finance
      519 words
    • Article
      AD AGENCY SETS UP FIRST COLOUR TV WORKSHOP
      119 2 THE FIRST colour television workshop within a Singapore advertising agency has been set up by Ogilvy and Mather. Disclosing this, Mr Eddie Chan, executive director of the company, said that new audio visual and videotape recording equipment would give a needed boost
      119 words
    • Article
      SBS STAMPS
      26 2 SINGAPORE Bus Service concession stamps for March will be on sale from Saturday till Feb 19 at the HDB head office and area offices-
      26 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      435 2 All available Units in Phase I sold Prime Units in Phase I were over-subscribed. Reservations for Phase 11. with an application deposit of US$3,OOO per unit.will be accepted as from February 8, 1979 Hong Kong/USA Commercial CorKJominium Shopping Complex A unique access oab lejiffefej R market. Photograph ol the model
      435 words
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  • REGIONAL
    • Article, Illustration
      Aesthetics of a shrinking poser
      643 3 AUSTRALIA, the smallest continent, is becoming even smaller and scientists are seeking ways to stop it shrinking. Each year, Australia's land area of 7.68 million sq km is being fractionally reduced as sea erosion along parts of the 36,800 km coastline washes land away. Natural
      643 words
    • Article
      Lock icon UK textile industry seeks commitments on EEC-China talks
      481 3 Reuter AFP CHINA'S textile and clothing output is expected to double by 1985 and negotiations between China and the EEC must not prejudice the interests of the Community's textile industry, the president of the British textile industry, Mr Brian Smith, said. In
      Reuter; AFP  -  481 words
    • Article
      Lock icon Japan exports more semiconductors
      319 3 AFP JAPANESE exports of semiconductors last year increased to 16 per cent of the value of Japanese production from only one per cent in 1974, according to a survey by Bank of America. The bank said construction of highly automated production facilities in Japan will provide
      AFP  -  319 words
    • Article
      Lock icon MANILA'S EXTERNAL DEBT UP 15pc
      167 3 UPI THE Philippines' total external debt stood at U5J7.57 billion (5516.6 billion) as of last Sept 30, its central bank said on Tuesday. The figure was up 15 per cent compared with the end--1977 level of $6.56 billion. An increase of $1.01 billion was due
      UPI  -  167 words
    • Article
      Lock icon Spinners face penalty
      116 3 AFP AS MANY as 700 Hongkong textile manufacturers and exporters may be penalised this year for excessive selling of textile export quotas allocated to them by the government. If imposed, the penalty will be inflicted for the first time under a 1976 ruling that if a company
      AFP  -  116 words
    • Article
      Lock icon Teng says Vietnam must pay for capture of Cambodia
      203 3 UPI CHINESE Vlee Prattler Teag UMfki saM yeaterday that Vietnam mst be )iiiil 11 far Mi eaa> at r*mUils. aad plan far restratat "hi wttfcttM VMaaaMs?"! I'*1'* OMra! ygmg •f the T4 year-sM CMmm lea do's three*ay vtatt to ""The lads
      UPI  -  203 words
    • Article
      Lock icon KL moves to modernise fish industry
      321 3 Bernama THE MALAYSIAN National Fisheries Development Authority (Majuikan) has called for tenders for the construction of 220 trawler boats and equipment for deep-sea fishing. A spokesman for Majuikan said the trawlers, to be operated by its subsidiary company, Majuikan Pantai Timur Sdn Bhd, would
      Bernama  -  321 words
    • Article
      Lock icon FINDINGS ABOUT INDIAN FIRMS
      218 3 UPI THE two top industrial houses in India own 35 per cent of the total assets of the leading private industrial concerns in India, a government survey revealed. The survey, conducted by the government's Company Law Affairs Department, said the houses of Tatas and Birlas together
      UPI  -  218 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      287 3 Vf, w r v=^/ .w Js VN k J* V Ft *t K ->'■ &A ,>C* lii > *4 ST »t VI V 1) tm UtT r Take a ride on success to Pakistan International's Europe Pakistan International Airlines flies twice a week to Frankfurt and 7 other European cities.
      287 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      637 3 [i TWO-11-OKE t CRYPTIC PUZZLE ACROSS 1 Many a stone vessel? (5) 6 Loot for a young man to turn in (5) 9 Prohibition Noel's upset about in the country (7) 10 Like the odd street light! (5) 11 Edible cones, possibly (5) 12 The writing of a pin-head-ed girl
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  • RAW MATERIALS
    • Article
      Lock icon Timing is crucial to KL palm oil exchange
      883 4 MBT A CRUCIAL factor in the launching of a palm oil terminal market in Kuala Lumpur will be its timing, according to a senior official of the Malaysian Rubber Producers' Research Association (MRPRA). Speaking on the last day of the City of
      MBT  -  883 words
    • Article
      Lock icon Speculation triggers copper price rise
      894 4 Reuter SPURRED on by rising fears of a shortage of good quality copper, and fed by speculative fever in the copper market, free market and producer copper prices have risen by some 20 per cent since the beginning of the year. Although leading copper merchants
      Reuter  -  894 words
    • Article
      RUBBER
      317 4 OPENING prices in Singapore yesterday were marked down 0.75 cent on lack of follow-through in overseas markets. Thereafter, values fluctuated narrowly on short-covering and profittaking in thin trading, dealers said. The morning session closed quiet with February One RSS buyers quoted at 242.25 cents per kilo, down 0.75 cent
      317 words
    • Article
      Closing prices
      28 4 Rubber: Feb 7 Singapore: February: 242.50 cents (down 0.50 cent) Malaysia: March 247.00 cents (down 1.25 cents) Tin: ***** (up $9) Official offering: 195 tonnes (unchanged)
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    • Article
      RAS PRICES
      373 4 Price# In cent* per kilo yesterday: I Int. 1 R.S.S prompt f.o.b. MLS* lat. 1 R S.S February MLS Int. 1 R.S.S. March MLS lat. 1 R.SS 238.75 UK/Otwt. 237 75 lot. J R S.S. 235 75 UK/Coot 234 75 lat. 4 R.SS ***** UK/Coat ***** lat. 5
      373 words
    • Article
      SSR and SMR
      125 4 NOON SRR and SMR pncaa HAS SSR 20 P •Won -real Mlk) m Men 85 Marc* wart Mlk) en Walton II Urn pallet 1 238 00 238-OON 238 SO 238.S0N SSR SO (1 ton pallet 1 233 00 23&OON 23jSO 23SSON MKKLB Marek Avril SMR CV 41
      125 words
    • Article
      Palm oil
      64 4 C.I.F. North European porta, In U8 dollar* per ton unless otherwise stated. LONDON: Tues Previous Malaysian SHffa bulk per tonne April 972slr OMalr Sumatra 5H ffa bulk January unch OBOslr February TOQslr 710slr March flSSair SOOalr April OTSalr aateir May/July 002'ipd sir Nigeria 5% ffa bulk st« BOTTEBOAM:
      64 words
    • Article
      Rice
      290 4 BINOAPORE: Yesterdays closing prices in Sg per kilo, ex-godown: THAJ WHITE M 0 pet Oral ctaM (Kaagaroo), New crop Mi. M 0 pet aeetmd dam O.M, 100 pet third ciaai OJ7. S pet aew crop no stock, B-10 pet 0.7*. THAI BROKEN: A-auptr 0.0. Special 031 THAI RICE: SB
      290 words
    • Article
      Soybean
      198 4 CHICAGO soybean futures on Tuesday closed mixed but with sharp deferred losses after prices gyrated in the final hour. Nearbys finished up IVi to two US cents a bushel while back months ended 9 V* to A 3/* cents lower. The rapid late drop in deferreds which were weaker
      198 words
    • Article
      Wheat
      121 4 WHEAT futures ended below their previous close after slipping lower In the last minutes of trade in Chicago on Tuesday. Prices settled with declines of 2Vt US cents to half a cent a bushel, near the day's lows. The growing losses came in dull trade as soybeans lost earlier
      121 words
    • Article
      LOWER IMPORTS BY CHINA HIT MALAYSIAN RUBBER SALES
      987 4 PENINSULAR Malaysian rubber exports fell to a provisional 115,326 tonnes in November 1978 from 135,719 tonnes in October and 117,351 tonnes in November 1977, the Statistics Department said. Total exports for the first 11 months also fell to 1.4 million tonnes from
      987 words
    • Article
      Produce exchange
      152 4 CHINESE Produce Exchange, Singapore, noon closing prices per picul yesterday: Cnml *0: Bali «m artier*. aid drum tIS Miters, new drum $133 »Uen Cafn: Mixed (low) UK Coot SHOO buyer* hffw: Mum ok ASTA whit* fob 100* NLW mo 00 »Un. Sarawak wMte lob Wft NLW $323.50 Mbn,
      152 words
    • Article
      Straits tin
      104 4 THE STRAITS tin price in Penang yesterday firmed another MJ9 to 11,895 per picul, $195 above the International Tin Agreement ceiling. Dealers said sentiment was further boosted by sustained support from Japan, US and locally following the metal's continued rise in London on Tuesday. Low supplies of tin
      104 words
    • Article
      Hongkong Comex
      99 4 THE SUGAR market yesterday continued quiet with no lots traded against one on Tuesday, dealers said. Sugar future* closing price*: (Mil PN^H Mch 8X1/8.70 MO/8.15 May 8 50 "101 8 e/9.07 Jly 8 80/9* IS/IS Sep I00/1S 910/9.00 Oct 910/9 00 9.21/9 70 Jan 9.10/9 JO 9.10/9 JO
      99 words
    • Article
      Textiles
      188 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot CT-ffodown) Cttam ymra: China Blue Phoenix Hi 2,380 3k 2.910; 40* 1.110 (per bale of 400 lbs). gask: China Butterfly and Globe brand unq; Dragon Head unq; Flwe Lambs unq Plover and ftitterfly unq.
      188 words
    • Article
      LONDON MARKETS
      1044 4 OILSEEDS: A lower-than-expected Brazilian soybean estimate of 11 million tonnes by the Bank of Brazil's Foreign Trade Department (Cacez) and reports of Soviet purchasing activity in soybean oil markets were firm factors in otts and oilseeds dealings yesterday, traders said. Although some observers consider the Cacex figure as
      1,044 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      130 4 More and more banks in Europe have been advising their clients to Invest in DIAMONDS for security and growth Average Annual Return (A AR) Dec 1977- June 1978 Sources of the Data Gold based on the London fixing Silver based on New York spot prices Total Return of Common Stocks
      130 words
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  • OVERSEAS
    • Article
      Reject proposal call to SEC
      181 5 THE American Securities and Exchange Commission (SEX}) has been urged to reject rules proposed by the National Association of Securities Dealers (NASD) that would prohibit discounts or rebates on sales of new issues to the public. Making the call was Assistant Attorney General John Shenefield,
      181 words
    • Article
      Lock icon Row over radiation risk
      95 5 AP UN employees signed a petition on tuesday urging Secretary General Mr Waldheim to 'carry out an agreement to settle a labour dispute that has disrupted work of the world organisation since mid-December. Staff representatives said over 1,000 signatures had been counted. The petition is to
      AP  -  95 words
    • Article
      Lock icon NO RESPITE FOR THE SICK
      513 5 Reuter THERE WAS no let up in sight yesterday for strikeweary Britain as pay talks in the Health Service broke down and Local Authority workers threatened to escalate their already widespread action. Wildcat strikes and "goslows" by non-medical staff have already forced half of Britain's
      Reuter  -  513 words
    • Article
      Lock icon Iran's arms cuts will not hit US firms hard
      777 5 Washington Star AN EXPECTED US$B.5 billion (5517.8 billion) cut in American military sales to Iran will not put any American company out of business or bring major layoffs. Pentagon officials and spokesmen for major defence contractors say the impact of the
      Washington Star  -  777 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      749 5 ARRIVALS Service Local Operator Number Tine From SIA/BA SQ/BA17 0700 BAH (Concorde) MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1030 BWN GIA GA90O 1030
      749 words
    • WORLD IN BRIEF
      • Article
        Lock icon REJOINING THE I.L.0?
        535 5 Agencies THE UNITED Stales may rejoin the ILO before summer, said Mr Irving Brown, representing the American Federation of Labour—Congress of Industrial Organisations (AFLOO). He said the main problem is controlling workers' rights in applying the norms fixed by the ILO. The US withdrew from the ILO
        Agencies  -  535 words
    • Article
      Lock icon Foreign share of US steel market down
      305 5 Reuter THE American govern* meat's aaU-dumpta* policy sharply eat the share •f the American steel market held by Japanese and ether imports last year, US Treasary Undersecretary Anthony Solomon told a Senate steel fHfll He added that the entlook lor Imports this year
      Reuter  -  305 words
    • Article
      Lock icon Blumenthal sees halving of payments deficit
      763 5 Reuter AP THE American current account payments deficit will fall to US$B to $9 billion (5516.8 billion to $18.9 billion) this year from $17 billion last year, Treasury Secretary Michael Blumenthal predicted. This is in line with Treasury Assistant Secretary Fred Bergsten's forecast on
      Reuter; AP  -  763 words
    • Article
      Carter steps up fuel saving
      306 5 CONCERNED over the cutoff of Iranian oil. President Jimmy Carter has ordered federal agencies to intensify fuel-saving efforts in a drive to head off mandatory conservation measures for the US. A memo from Mr Carter to agency heads suggests reducing thermostat settings, lighting, vehicle use,
      306 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      228 5 How well a fine car performs depends on how you care for it Mitsubishi genuine parts guarantee the best replacements for your car. Your Mitsubishi car is tough. But with age and 'J intensive usage, some of the >■— parts need replacing, and there's nothing wrong MiT S with that.
      228 words
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  • Article
    Lead on EDB with locals in tow
    457 6 A NEW TREND is emerging in Singapore's industrialisation programme which is well worth watching. The proposed mission from Singapore to the Asean/EEC investment talks in Jakarta is further evidence of this. In the past, some might have been forgiven for thinking that the
    457 words
  • Article
    Other ways of winning over M & G
    349 6 Other ways of winning over M G THE GIANT M and G group has made its position more than clear in the Sime-Guthrie tussle. It is firmly against trading in its Guthrie shares for cash as proposed by Sime. As a UKbased group in an affair consisting essentially of a
    349 words
  • Article
    Lock icon Japanese car Industry runs out of steam
    1649 6  -  The übiquitous Japanese car, a famous symbol of Japan's aggressiveness and success on world markets, has run into trouble. Yen revaluation by 26 per cent is the source of short-term problems. But in the longer term, the difficulty is simply this: the very
    FT  -  1,649 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      300 6 m APOLLO HOTEL Havelock Road, Singaore 3 Tel: *****1 AMBASSADOR HOTEL ***** Meyer Road, Singapore 15 Tel: *****11 CENTURY PARK SHERATON Nassim Hill, Singapore 10 Tel: *****7 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****66 COCKPIT HOTEL 6 7 Oxley Rise, Singapore 9 Tel: *****1 GREAT EASTERN HOTEL 401
      300 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      49 6 Bristol: FtenkDirJcens r TfcUST WG 6-NOONeB M\S STBN.... M\S OHLv/ compLWMT I IS "Tv*e su>mmwsjG J L POOL V too DeeP? Too SWRUDu) Too 1 cold? Too ooid£° .Too CROU)DeD.? J \*PS Twe ONLN/ fIOOL I KhlOU) TVAPTT Leaves R TIDC TOR* w otoue 6ODV Lonen NOO GG,T < csPV
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      952 6 Two Steve Austins! A QUICK aad irprtsriag M tkreegk tke fey'* programmes will reveal tkat tkere Is, qalte Kim ply, M tklng to watch. Q—ll 8 to dead to tke Figm ipritli mtII aaiess yee are still to ke wfrl (rem Pepeye tke {toller (US pjn, to ease yee amt).
      952 words
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  • Article, Illustration
    Lock icon National Semiconductor joins the big names
    2095 7 NYT AMONG THE RANKS of the high technology companies that dot the landscape of northern California's Silicon Valley, the National Semiconductor Corporaion is the prosperous giant of integrated circuitry. It had 1978 sales of US$494 million and employs 28,000 persons in 10 plants in
    NYT  -  2,095 words
  • Article
    STRAWS IN THE WIND
    357 7 SOME people leave no margin for error the extra careful people at Irving Trust Company sent us a press release announcing the appointment of two new corporate officers, Mr. Loke and Mr. Boey. It went on like this: "Also enclosed are photographs of Mr. Loke and
    357 words
  • Article
    How to tap the massive Singapore dollar drain
    883 7  -  [FORUM ...with Quek Peck Lim WORD that Singaporeans have taken some 25 shops in a Hongkong property company's development project in the American city of Oakland, California does not rate much in terms of news value. Singaporeans invest abroad all the time.
    883 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      356 7 and where to entertain FORJAMNESE > TUISINE, COME TO v n "<• i KIKU a P > Restaurant^' authentic Japanese food Teppan Yokki Tempura ShoshMTti SoKiyoki Stiobu Shobu r;% J i- ,4 jN jm Dus>n«u Hour} Lunch —12 Noon —230 p m Onner 6 30 pm 10 30 p m
      356 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Tenneco reports record earnings
      171 8 Reuter TENNECO INC., a major oil and natural gas producer, on Tuesday reported record fourth quarter and full year sales and profits over the corresponding periods the year before. James Ketelsen, chairman of the Houston-based company, told security analysts in New York that oil company income
      Reuter  -  171 words
    • Article
      Lock icon Fluor gets Chinese contract
      65 8 Reuter FLUOR CORP said it received a US$ll million contract from the China National Technical Import Corp of for management services and procurement of equipment for two petroleum processing research facilities. Fluor said the facilities will be installed at Peking and Fu Shun in north-east-ern China.
      Reuter  -  65 words
    • Article
      Lock icon Alcoa
      29 8 Reuter ALUMINIUM Co of America had recently signed a letter of intent with China's Ministry of Metallurgical Industry's import and export company for several aluminium projects in China.
      Reuter  -  29 words
    • Article
      Lock icon GM to build 'world car' engine plant
      525 8 AFP THE AUSTRALIAN subsidiary of the American car giant General Motors has laid down a challenge to the Australian government to make a drastic change in its car production policy in exchange for jobs. General Motors Holden (GMH) has announced a plan to
      AFP  -  525 words
    • Article
      Lock icon Agreement on offer for Pacific Western
      218 8 NYT SHEARSON Hayden Stone said an agreement had been reached on a US$l6.B million tender offer for the Western Pacific Financial Corp., a leading mortgage broker based in Newport Beach, California. The transaction, which must be approved by the directors of Shearson and the
      NYT  -  218 words
    • Article
      Lock icon B'ville Copper sees significant reduction in loans
      335 8 Reuter BOUGAINVILLE Copper Ltd said it achieved a significant reduction in outstanding loans to the equivalent of 60.8 million Papua New Guinea (PNG) kina at end-1978 from a year-earlier 115.7 million. Repayments in 1978 amounted to 64.6 million kina while new loan funds
      Reuter  -  335 words
    • Article
      Oil cutoff in Iran still a dominant bearish factor
      1179 8 NEW YORK THE MARKET on Tuesday retreated in moderate trading, extending its losing streak to six of the last seven sessions. Analysts said concerns about the impact on the US economy of the cutoff of Iranian oil remained the dominant market
      1,179 words
    • Article
      Bullish sentiment pushes index above 6,100-level
      561 8 TOKYO THE MARKET turned bullish with interest mainly on real estate issues and incentivebacked issues due to active buying by institutional and individual investors. Real estate issues generally shot up on news that bank loans for land acquisitions at the end of November 1978
      561 words
    • Article
      Lock icon Hongkong
      348 8 Source: SHK Sec PRICES feU sharply at the opening yesterday due to heavy profit-takers chasing nervous speculators. As a result, little business was done in the morning and the trend was set for the rest of the day. The selling was well spread and all sectors came under pressure.
      Source: SHK Sec  -  348 words
    • Article
      Bangkok
      349 8 THE MARKET closed mixed yesterday and prices of almost all trading shares continued to lose ground, dealers said. In financial shares. Raja Finance gained SO baht to 1,(10, Bank of Ayudhaya and Thai Farmers Bank fell 4 each to 272 and 362 respectively. Lee Kwang Ming Trust dropped 3
      349 words
    • EUROPEAN MARKETS
      • Article
        Zurich
        188 8 FEB OS Francs Actions Suisses 101 •a Alusuisse Br. 1300 -40 Alusuisse Reg 560 unch Brown Bowl Br 1740 -10 CI (Mi 0*1(7 Br 1300 -IS Clb* Gelfy PC m -5 Clba GeIgy Rn 682 -11 Credit Suisse Br 2310 -35 Credit Sulur Rrf 430 Elektrowatt Br 1875 unch
        188 words
      • Article
        Milan
        99 8 FEB 06 LArv Anlc Sifi -0-25 Assoc On MM •MO Bastofi Central* 4302 -80 FU1 ais -14 rtnslder Oen Immob in Prt IL&lrrmtnU 167 75 -475 «S0 -0 25 2100 ***** 450 ItAlna 773 -4 ItAUkSer 382.75 -175 MafneU M Pf Marelll Ere Med lot) 530 -1 224.50 -1
        99 words
      • Article
        Paris
        256 8 FEB M 1 rn CORBEILLE B S N Oervml* DftlMNM c S r iTIXMMOnCM FrancaMe det P*uote* CompafTU* Financier? Compafnw Ociwfsl® 3MJ0 SOI fit 1ST 3KU0 41 -U •U -3 •U Credit Fonder t> France Harriett* (Ueealrle)— Machine! Bull Michel in Plrttei tit SI M 1021 KH -15 -3
        256 words
      • Article
        Amsterdam
        189 8 FEB 06 FU A ARM 386 00 .2 Ahold ***** -0.5 Mtneba Mid bank 211.50 40i Naarden 1660 -4J National Ned 111J0 01 Ned 8cttf>pmrt S3 JO U Oct Grin ten 17X00 -3 HJMH 29 00 -07 Ommeren 164 00 •1 Otra Pa Jc hoed 45j00 unch 97 00
        189 words
      • Article
        Frankfurt
        206 8 FEB 08 Dm Aef-Telefunken «Mn Akan 27 JO -0 4 Allx Leben too 00 10 AIU Vera moo •4 barf 133 so -1 Bay H T Wbank *****B Bay Vbank ■an oo -Si Bijrrr 136 JO -0.1 rut ***** •S RkfW nana Caasella ***** -12 Chero Verw 282.50 -u
        206 words
      • Article
        Brussels
        93 8 FEB 06 Fr» FORWARD MARKET Acec Ml ■a A r*f-f 2330 -21 Attur 7M -10 Brtactn m* •9 Bni-Lamb U00 S Ctnptc MO •4 rr*>k Ml MCA Oe Own 113 unch Ebes 2306 5 Occtrotoel 8830 10 Ob-Inno-Boi 2836 20 Of* 13m 4| Hotoofc 3138 Petro 3TM0 120 Rjrl
        93 words
    • Article
      Sydney
      357 8 THE MARKET eased after several days of rises and the all ordinaries index fell 0.74 points to 584.89 yesterday, dealers said. MIM feU 4 cents to $3.20 on profit-taking and a marginal drop in metal prices on international markets overnight. Mt Lyell eased one cent to 83 cents, while
      357 words
    • Article
      Manila
      175 8 THE MARKET closed mixed yesterday with commercials posting gains while minings and oils declined, dealers said. Turnover fell sharply to 15.2 million pesos from Tuesday's 26.8 million. Gainers were Basic Petroleum, Pioneer and Vulcan while losers were Acoje Mining, Atlas Con B, Benguet Con B, Lepanto B, Marinduque B,
      175 words
    • Article
      Jo'burg
      324 8 FEB 01 Rand INDUSTRIALS A Alpha 145 unch A bercom m ♦S AE And CI m unch Ainr 1280 +10 Barlows MO unch Ct Sucar 525 +s CWA 210 unch Currte Finance 106 Di Been Ind 1475 Filrnn 350 10 Edgars 4150 •50 Eveready Fed Vo&K 220 5 Fuflt
      324 words
    • Article
      Toronto
      237 8 FEB 06 CS Abitlbt Alcan Algoma Bank Mont Bank Norm Scoua Bell T»l M Corp BP Can Ltd Braacan Camp Red Lake Can Imp Bk Canpar Can par in* Pf Carllnf OKeefe Comlnco Com Bath Cons Mar be nor Dankoe Denlaon Dom Stores Dom T*' Dome Mines Falconbridce Falcon
      237 words
    • Article
      Selected indices
      66 8 FINANCIAL TIMES INDUSTRIALS Tuesday 4M 8 Monday MO 7 Week Ago 4M 0 DOW JONES AVERAGE INDU8TRIAL8 Tuesday 822 85 Monday 823.98 Week ago 851.78 LONDON DOLLAR PREMIUM < Tuesday to W* Monday »4V. to 95 H.K.HANG SENG Wednesday 553.53 Tuesday star) Week ago closed SYDNEY INDUSTRIALS Wednesday
      66 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      356 8 LOOKING FOR A HOME? Then look for it in Business Times classified property advertisements an easy to read guide to the available properties at the top end of the market. Home-hunters are especially catered for in the new LEISURE TIMES supplement that comes with Business Times every Saturday morning. If
      356 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Tokyo firms keen on yen-based CDs
      337 9 Reuter JAPANESE corporations are showing active interest in yen-baaed negotiable certificates of deposits (CDs) which Japanese and foreign banks operating in Japan are expected to place around April for the first time. Banking sources said this is because CD interest rates are likely to
      Reuter  -  337 words
    • Article
      Japan's bond sales up
      438 9 NET PURCHASES of Japanese bonds by non-residents in December totalled US$3ll million (***** million) compared with net sales of $»2 million in November. The finance ministry said this was the first non-resi-dent net investment since last April when net investment ammounted to $339 million. Foreign purchases
      438 words
    • Article
      Lock icon Japanese authorities may turn to operation twist
      222 9 Reuter JAPANESE monetary authorities may resort to "operation twist," selling bonds with short outstanding maturities and buying bonds with long outstanding maturities to support the prices of the latter. Japanese underwriters said the price of 6.1 per cent 10-year national bonds on the
      Reuter  -  222 words
    • MONEY AND EXCHANGES
      • Article
        Gold
        398 9 GOLD futures yesterday closed firmer in moderately active trading. Opening quotations were marked up around US$l in most positions in line with the metal's continued firmness in New York. Prices then rose between US$2 to $3 in the longer periods during afternoon trading, on buying interest from Hongkong and
        398 words
      • Article
        Singapore market
        477 9 THE foreign exchange market yesterday saw active selling of the US dollar following rumours that civil war had started in Iran. Against virtually all the world's currencies, the dollar lost susbstantial ground. Opening at 198.40/50 against the yen, the US currency was traded down two yen by late
        477 words
      • Article
        Asian $ rates
        172 9 Asian rates ASIAN currency deposit Interbank rates as at close on Feb 7: US Dollmrt< Spot) Off.r Bid 7 days 10H 10 v« 1 month 107/10 109/16 2 months 107/1* 10 V16 3 months 10*« 10H 6 months 111/16 1010/16 0 months 11'4 11 12 months 111/1* 1019/16 twin. Dm.
        172 words
      • Article
        Discount
        49 9 Rue* of pi ■ieos offtrtd by diKOut boot •M ob F*b 7: Ovcrnigfet <m* Call deposits to 4*% Bsyis« Mitag 3 month Treasury bills 4H *W 3 month Bonk bills 7W 7H 3 month CD 7W 7W 0 month CD 7 9/lfl 7 7/18 Source: National Discount Co
        49 words
      • Article
        Tokyo
        151 9 THE US dollar for overnight eilvery yesterday closed weaker at 197.60 yen, compared with a 198.70 opening and 198.95 at Tuesday's close. Dealers said the Bank of Japan was believed to have bought a small amount of dollars at around 197.50 yen in afternoon trading to support the US
        151 words
      • Article
        Hongkong
        134 9 THE US dollar yesterday fell against most currencies, but especially against the yen, from voernight US levels in late trading, dealers said. They said trading was fairly active with interest centred on the dollar-yen rate and the dollar eased on some selling from Singapore. It fell to a late
        134 words
      • Article
        Frankfurt
        47 9 FRANKFURT exchanges opening quotes on Feb 7: US 1.8530/30 (IJOI/S) Can 1900 30 St* J. 71/71 D FJ HQ/73 S Fr 110.30/30 Lit 2 213 ao F Fr <3, <7 /57 N Kr 31.37/47 B Pr (cm) (.343 363 B Fr (On) 4.233 273 Yen O.MO/M
        47 words
      • Article
        MLR
        21 9 THE average rale at which Singapore banks are currently prepared to lend to their best customers is 7.75 per cent.
        21 words
      • Article
        London
        201 9 THE DOLLAR yesterday opened weaker against all major currencies to start around 1.8523/33 marks after closing on Tuesday night at 1.8590/8600, dealers said. The US currency opened at 1.6782/92 Swiss francs after finishing at 1.6825/40 on Tuesday night, while sterling was quoted at U552.0063/70 after Tuesday night's 1.9950/55 finish.
        201 words
      • Article
        Treasury bill tender
        43 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender (or a total of $40 million 91-day Treasury bills to be issued from Feb 12 to Feb 16. Each tender must not be for less than 1250,000.
        43 words
    • Article
      Asian $ market races to a high of $59 billion
      646 9  - Asian market races to a high of $59 billion By COLIN CHEE THE ASIAN dollar market last year raced to a high US$27 billion (SSS9 billion), up nearly 29 per cent from the previous year. The 16 billion increase is one of the largest registered in recent years and compares
      646 words
    • Article, Illustration
      Lock icon Size of US auctions mars gold prospects
      306 9 Reuter THE CHAMBER ef Mine* ef Seath Africa mU It expects tfee ladastrial market far geM will eeatiaae to riiMitt la 1171 aad provide the feaae sappert for the geM priee. The chamber «U la Its 19TO review that the mJw laser rlaailag
      Reuter  -  306 words
    • Article
      Lock icon Yield on US notes is 9pc
      272 9 Reuter THE US Treasury' Department said it auctioned U552.25 billion (554.88 billion) of eight-year notes at an average yield of 9.01 per cent, and set a 9 per cent coupon on the issue. The Treasury said the average price on the notes was 99.944.
      Reuter  -  272 words
    • Article
      Lock icon PHILIPPINE MONEY SUPPLY HIGHER
      90 9 AP PHILIPPINE money supply reacted 16.9 C million pesos (Sfttt billion, at end-December 1978, up 5.9 per cent from the previous month's total. The central bank said the increase during the month was due mainly to the expansion by 1,332 million pesos in money of Internal
      AP  -  90 words
    • Article
      Lock icon PRETORIA CUTS BANK RATE
      87 9 Reuter THE SOUTH African Reserve Bank announced that it has cut bank rate to 8 per cent from 8.5 per cent effective since Tuesday. The bank said the cut is in accordance with the current economic policy of further stimulating domestic economic activity and conforms to
      Reuter  -  87 words
    • Article
      Lock icon Euromarkets not a threat to monetary stability
      294 9 AFP GOVERNOR of the Bank of England, Mr. Gordon Richardson, has taken issue with the United States and West German officials who urged increased control and surveillance of the Eurocurrency markets. Speaking at the annual banquet of the Overseas Bankers' Club in London,
      AFP  -  294 words
    • Article
      Lock icon Hongkong M-1 rises 6 per cent in December
      191 9 Reuter HONGKONG'S narrowly defined M-l money supply rose 6.3 per cent in December compared with November to HKJ22.28 billion (Sill billion) and was 23.2 per centabove the December 1977 level. The Hongkong government said the more broadly defined M-2 aggregate rose 2.7
      Reuter  -  191 words
    • Article
      Lock icon Chinese team to discuss loan with Japanese
      199 9 Reuter A BANK of China delegation will visit Tokyo from February 22 to discuss terms of a dollar syndicated loan from Japanese banks. Ranking sources said a group of Japanese commercial banks is ready to give China loans of USSI billion to $2
      Reuter  -  199 words
    • Article
      Lock icon Why China fears to borrow big
      132 9 Reuter CHINA will eventually borrow direct from commercial banks to finance its industrialisation programme and there are considerable sums of money ready to be mobilised if necessary, chairman of the merchant bankers SG Warburg and Co. Ltd. Lord Roll, said. Mr. Roll was speaking
      Reuter  -  132 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      65 9 SPRAY PAINTING IS NOT A DIRTY JOB WITH Apollosfxoy Save up to 40% of spray material A MODERN APPROACH TO PAINT APPLICATION COMPRESSOR NEEDED OIL OR MOISTURE PROBLEMS BOUNCE BACK OR OVERSPRAY POLLUTION OP THE ATMOSPHERE FACE MASKS PROTECTIVE CLOTHMO MOH COST WATER SPRAY BOOTHS DFOH MORE WrOWMAnOM CONTACT: PRICE
      65 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1503 10 BID and offer prices officially Hated and Business in and reported to the Stock Exchange J of Singapore yesterday with the C number of shares traded shown i in brackets in lots of 1,000 units I unless otherwise specified. 5 Ail Time Settlement Contracts are quoted after the
      1,503 words
    • Article
      Stock options
      85 10 Striking prices at the options qfflrlalTy listed on the Stock Exchange of Singapore yesterday,the period, Bids mad offered price* and hmlw done, if any, with the number at options traded shown in faracnfeM P E (March H.») (0.438 0.525). hiiispi (March HJO) (0.358 0.445). Pan BmMc (March H.JO)
      85 words
    • Article
      Government bonds
      158 10 4 1/2% 1/8/80 (250.000) (96J08 99.306) (12) 99J0 4 3/4* 16/8/80 (290,000) (99.508 *****) 5% 16/4/81 (290.000) (2) 99.86 6 1/2% 1/5/79-81 (2904)00) (101.006) 5% T r 1/8/88 (290,000) (100.108 100 JOS) A 3/4% T F 1 ft/8/81 -84 (HOMO) (IQ2JOS) 5% 13/11/84 (290,000) (100 JOB 100.096) 7%
      158 words
  • Article
    Unit trusts
    142 10 ■NQATM IK UNIT 1*U R (ItaMfn 1 prim tar Pel The Commerc* > IS LM The Saving Pu nd 1.1T L« S pore Prog Fund 0.17 1.« S pore Sec. Fit nd Lit LM S pan Invest 1 1JS LB AHA UNIT T BUT friM MMI) Mai Invest
    142 words
  • Article
    SHARE INFORMATION SERVICE
    2603 10 1978/79 High Cow Company Last Sale or» Gr'« Div Div Cvr Gr". YTd Net P/E Vol (*000) Day High Low SECTION ONE INDUSTRIALS 272 180* 178 219 275 111 196 328 245 440* 132 123* 107 133 196* 59 108* 173* 140* 110* Acma Alcorn Allied Choc
    2,603 words
  • Article
    In Kuala Lumpur
    1451 10 BID and offer prices officially luted and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shsoes traded shown In brackets in lots of 1,000 units unless otherwise specified INDUSTRIALS SllswMto (2.M8). A learn (1MB) (9) 1.98. Alas MaM (1.188). A
    1,451 words
  • Article, Illustration
    Fears over interest rates bring prices lower
    569 10 SHAREB were tnM with lew n»pdiM late ■I— territory ea ike Stock Esehaage sf Stagapere yectwity, IMb was tke mp—i Mtwiln ike nkk| ef ktmrt ntn ky lecal kaaks. The fear la tkai there will ke rmrtker laereaees la la tercet rate* to
    569 words
  • Article
    Renewed selling pressure sends prices tumbling
    512 10 RENEWED selling pressure in the last half hour of trading forced the Kuala Lumpur stock market to an easier cloae yeaterday. Opening prices were weak but the selling pressure tapered off towards the noon close. Trading was rather quiet and indecisive in the early
    512 words
  • Article
    COMPANY MEETINGS
    88 10 Cm (8) LM: AGM to be held at the Carlton Hall, Blue Room, Goodwood Park Hotel, 22 Scott* Road, Singapore at 11.00 am tomorrow. fii'N Ha ■hi: AGM to be held at Straits Tradiag Building, 1st Floor, 4-1 Leboh Paaar Besar, Kuala Lumpur at 12 noon on Feb
    88 words
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  • COMPANY NEWS
    • Article, Illustration
      National Iron all set to maintain steady profit
      665 11  -  By ARTHUR NG MARKET RUMOURS of a good showing from National Iron and Steel Mills were confirmed when it released its preliminary figure showing a more-than-doubled increase in its pre-tax earnings last year. On a 35 per cent rise in sales to
      665 words
    • Article
      DIVIDENDS ANNOUNCED
      209 11 Current Payment Ex Date Booka Cloae Date Total for Total for Payable tke year Previoua year M Cement BAT Skangri-La Perlia Plant NST Temerlok A Molek Set Dredge B Kawan Duff Dev M Bank G 1 Hld(* STP (1975) Time* Pub YHS YHS <M) B Kawat KL Kepong
      209 words
    • Article
      SCRIP ISSUE
      108 11 Company Particular* Ex Date Books Close C AC Bonus Issue of 1 (or 2 Feb 2 Feb J MBS Rights Issue of 1 for 2 8TP (1975) $2.00 per share Feb 7 Feb 19 Bonus Issue of 1 for 3 Feb 13 Feb 20 P. Products Bonus issue
      108 words
    • Article
      UNIT TRUSTS DO NOT REMOVE RISKS TOTALLY
      1280 11  -  By SUSAN BEVAN IN THE first article of this series, a unit trust was described as a means of pooling money from numerous investors to be invested in a single porfolio of shares under professional management. Unit trust investors, or unit-hold-ers, are safeguarded
      1,280 words
    • Article
      Probe on insider trading blocked by banks' silence
      697 11  -  By SUSAN THAM ONE PROBLEM facing the London Stock Exchange (LSE) in its inquiries of insider dealings is that certain overseas banks which have been involved through their nominee companies have refused to disclose the names of their clients. This problem, says
      697 words
    • Article
      Benefit of distribution
      384 11 INDIVIDUAL companies whose shares are widely distributed among their employees do appreciably better than other similar competing companies. This is the view of M G Group chairman Edgar Palamountain. Mr. Palamountain, who is also chairman of the Unit Trust Association in the UK. said this at the
      384 words
    • Article
      Lock icon THE EARLY BIRDS
      763 11 *****^ HOCK LOCK SIEW SOME Walla eha#ehaUera have alreaty mate their riaat. Theae early Mrta wha have aptot tor the Haag after aa agalaet that BMte hy rival aaltor Uattot Overaeaa Baak, have eamatmH fTIJUk aharea to BtoOa. Theae are the lint npertot atMiptoaen riaee the latoat
      HOCK LOCK SIEW  -  763 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      321 11 Graham Greene The Human Factor^ ,y 1 g S 'Probably the best espionage novel ever written.' Richard H Groweld, UPI 'A major literary event... a marvellous tale of spies and intrigue spun with intricate skill by a master story-teller. A must.' pla YBO Y 'As fine a novel as he
      321 words
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  • Article
    Lock icon China may need massive $432b in foreign funds
    765 12 NYT WITH VICE-PREMIER Teng Hsiao-ping of China in Tokyo, the idea is growing among Japanese economic experts that international financial assistance, something on the order of a small Marshall Plan, is necessary to finance China's ambitious economic development programme. Japanese economists say
    NYT  -  765 words
  • Article
    Asean 'no' to Aussies
    59 12 ASEAN has refused to negotiate individually with Australia on the latter's civil aviation policy. The Business Day newspaper said Australia had planned to present aviation delegations from Asean with "Attractive" bilateral proposals. But Asean aviation officials decided during a meeting in Jakarta last week that they
    59 words
  • Article
    Lock icon ICI PLANS 2 PETROCHEM PLANTS
    201 12 UPI THE GIANT chemical manufacturing company 1 ICI announced yesterday < plans for the construction 1 of two ethylene and petro- 1 chemical plants worth AS9OO million (552.2 bil- < lion) in Australia. < Construction of the plants at Botany Bay, near Sydney, and at
    UPI  -  201 words
  • Article
    LONDON STOCKS
    795 12 LONDON, Tues. Share prices closed mixed with early falls reduced or recovered due to lack of selling pressure after the initial mark down of the strike votes at British Leyland„ Government stocks closed up to half point lower after yesterday's banking figures and ahead of a possible increase
    795 words
  • Article
    Lock icon Khomeiny backers move into Isfahan
    112 12 AP SUPPORTERS of Ayatollah Ruhollah Khomeiny have taken over key municipal functions in Isfahan, Iran's second largest city. But there was no change in the national political stand-off between the religious leader of the Iranian revolution and Prime Minister Shahpur Bakhtiar. Diplomatic sources said the
    AP  -  112 words
  • Article, Illustration
    Lock icon US committed to Thai sovereignty
    399 12 NYT AMERICAN President Carter, in an indirect warning to Vietnam, told the Prime Minister of Thailand General Kriangsak Chamanand on Tuesday that the US remains intensely interested and deeply committed to the inviolability of Thailand's borders. At the same time, American intelligence analysts in Washington
    NYT; Source: UPI photo  -  399 words
  • Article
    Lock icon Oil price jumps again
    171 12 Reuter THE price st petral m Ike wtrM tree market bi mere than IwMrf riaee mU Bi—if aad fc—i ky aearly 25 per eeat slaee tke «f tkis -meetk, traders la Batterdam said. Oil prices la geaeral kad risen steeply la reeeat weeks aad tke sltaatiea
    Reuter  -  171 words
  • Article
    KL yet to monitor Concorde sonic booms
    195 12 DESPITE the outcry that Concorde flights may have adverse effects on the environment, Malaysian authorities have so far not done any monitoring although the aircraft has been traversing the Malaysian airspace since Jan 24. This came to light following complaints from Port Dickson
    195 words
  • Article
    Lock icon HK's new refugee problem
    74 12 Reuter Hong Kong's refugee camps already brimming over with more than 10,000 Vietnamese yesterday played reluctant host to 3,000 more who crept in overnight and could now face a lengthy wait offshore. The latest batch of 'Boat people' to hit this overcrowded British colony were aboard
    Reuter  -  74 words
  • Article
    Chiam challenges Devan to TV debate
    461 12  -  BATTLE OF THE VOTES By GOH ENG KEE THE* INDEPENDENT candidate for the by-elec-tion at Potong Pasir, Mr Chiam See Tong, last night challenged Mr Devan Nair, who is the People's Action Party's candidate for Anson, to an open debate on television on the
    461 words
  • Article
    'Jeya berjaya!'
    328 12  -  By MARGARET THOMAS MR JEYARATNAM was virtually mobbed last night as he stepped down from the platform after his rally at Telok Blangah Crescent. His supportere in the crowd, at its peak some 1,500 strong, shouted, "Jeya Berjaya" his rally cry as he made his way to his
    328 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      79 12 African Development Bank U.S. $40,000,000 Floating Rate Notes due 1983 For the six months 29th January, 1979 to 30th July, 1979 In accordance with the provisions of the Note, notice is hereby given that the rate of interest has been fixed at 11 -4 per cent and that the interest
      79 words
    • Advertisement
      Page 12 Advertisements Column 2
      38 12 LS 1 m 3*2 Us HI r.. j m it-* tap •"*7 V> MttA 5b ■M^ PP wri .rMB i n IS ■f- v'f* *.*v <p?w on US* V Ktjs f-> SW® .-'t V "V v n :-j
      38 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      60 12 Outlook for Singapore from 6 a.m. to noon today: Isolated showers around midday. Report for 24 hoars prior to 7.3# p.m. on Feb 7 at the airport: Maximum temperature 31.7 Associated humidity 52 Minimum temperature 23.5 Associated humidity 97 Hours of sunshine 10.55 Rainfall in millimetres 13.0 Total rainfall for
      60 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Koyo wins orders
        81 13 Reuter KOYO Dockyard Ltd said it has won orders for three ships worth a total of about 4.7 billion yen from British and Liberian shipowners. Dilmun Navigation Co Ltd of the UK has ordered a 2,000 tonne special tanker, delivery by June, costing 650 million yen and
        Reuter  -  81 words
      • Article
        Lock icon Picket lines thin
        116 13 AP THERE were fewer pickets on Tuesday at Newport News Shipbuilding, as steelworkers claimed victory in a week-old strike aimed at forcing the World's biggest private shipyard to the bargaining table. Police reported no new arrests and no incidents at the gates.The number of United Steeelworkers Union
        AP  -  116 words
      • Article
        Lock icon Cargo liners for India
        79 13 Fairplay INDIAN shipping companies are keen on getting an increased share of the growing containerised trade of the country. This is indicated by the recent order by the Shipping Corporation of India Ltd. in Bombay, for three multi-purpose cargo liners of 16,700 dwt each on Hindustan
        Fairplay  -  79 words
    • Article
      Guthrie wins agency for Nigerian line
      538 13  -  By RAHIM KASSIM GUTHRIE Boustead Shipping Agencies' close association with the Japanese K Line helped it win the agency for the Nigerian National Line which will inaugurate its Par East-West African service in April. Guthrie beat several other agents which were keenly competing for
      538 words
    • Article
      Lock icon London freight
      161 13 UPI THE hMkkg at law cental Mm eat af Wwtt Kmm far flarhargt la eat late a "'m't veyage narfcet. Tm Teasels raaged la rial tram %jm te IMM liaaw, twa af whica am fixed la Fehraary pedtttx aad tw# la March (la each ease the rate af
      UPI  -  161 words
    • Article
      Lock icon Good prospects for HK shipping
      549 13 AFP SHIPPING circles in Hongkong envisage healthy business this year due to the growth of Hongkong's domestic export, re-export and import trade. Exports rose by 16.3 per cent last year and a further 10 per cent growth is expected this year. Re-exports climbed 34.2 per
      AFP  -  549 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3394 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      3,394 words
    • Article
      The Consortia
      127 17 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. 'K' Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO (STRAITS/AUSTRALIA): Australian National Line Australia/Straits Container Line Nedlloyd Lines Neptune Orient Lines JASCOL(STRAITS/
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    • Article
      INDEX
      474 17 Shipping Use CM ACS n 5 Afea IV 3 Aguila IV 2 All trans V 1 Alpac IV 5 Angkutan IV 3 ANL I 1 APL m 2 Arya Nat n 5 ASCL m 5 Asia Merchant ra 2 Atlantic V 2 Aust.Cont IV 5 Bank n 5 Banner
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      Container Schedules
      963 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and Is subject to change to the (2) All export FCL containers and LCL cargo must be delivered Authority's premises during the
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    • Article
      Who acts for whom
      882 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.
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    • Article
      Scrap prices for vessels are steady
      842 18 FREIGHT rates are holding steady. More vessels of 3,000 to 12, 000 dwt are in demand for both purchase and timecharter purposes. Liberian interests are in the market to purchase four vessels of 12,000 dwt. Scrap prices are steady with the range between US$75
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      Lock icon Boon for smaller lines
      464 18 Lloyd's List A MAJOR change in the licensing policy for maritime trade routes with a view to granting more freedom of operations to small Indian shipping lines has been made by the Indian Minister of Shipping and Transport, Mr Chand Ram. This follows a meeting of
      Lloyd's List  -  464 words
    • Article, Illustration
      SHIPS IN PORT
      414 18 EXPECTED ARRIVAL# TODAY KEPPEL WHARVES Bunga Raya (0630 hauls) 36/36 Bunga Seroja (1500 after Fleet bank) 38/39. Christian Maersk (1000 after New Panther) 6 7 Dong Yun (1000) 45. Fortune Runner (0630 after PaUoeverett) 25/26. Great Hooor (2300 after King Horse) 40/41. King Dragon (0600) 23. King
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      405 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barb«f lines Singapore Pie Lid Tel ***** Harrisons Croslield Kukla Lumpur Tel: WMI/I Pemas-MiSC Penang Tel ***** .1A RI) 1M A MAN r Orient Overseas CotdcuteA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) NEPTUK rtARI 13W* CtCVALCR (OS 12* KOREAN
      405 words
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      Page 13 Advertisements Column 2
      283 13 Jil SEALORD UJ ANTAH H UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE* Kuwait (24/2), Dammam (4/3) Abu Dhabi (6/3), Muscat (8/3) Dubai (10/3), Abu Dhabi (13/3), Doha (16/3), Dammam (22/3), Kuwait (25/3), Mma
      283 words
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      Page 13 Advertisements Column 3
      256 13 ■NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAHERtSED SERVICE Jib TL "iZT*. -21 FA 22 FA IS Urn lib 12 Hv 14 Mb IS Mb -JJt »to Slkmk 7MB 27 MB 23 Mr 24 Mb 2« Ite 27 MB -lIMBI2 MB 1 21 MM nib 31 MT
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      Page 13 Advertisements Column 4
      730 13 AFEA LINE See Page IV Column 3 lor sailings "fits Sinf ore Shipping Agenoes P'e Ltd Mj'it'vtf o*tv*< *****1 A M mj" [urc Imp Sdn Bhd *1 i;%4 f I*MO 3 PJMNG M?II? >«/2 I W2 Ami I 14/3 17/3 23/3 I 24/3 31/3 31/3 FOB East Am Monflonf tapan
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      717 14 Hapag-Uoyd FULLY CQNTMKRBED TO EUROPE ores conemoML to euhtc Spare FJMmi Pen Mm Cawa Hlw| Bremen Mm Mm Peter Is 20/2 22/2 25/2 27/3 8/4 6/4 3/4 31/3 Mil 14/3 15/3 18/3 17/4 10/4 28/4 2S/4 23/4 21/4 FULLY CONTAINERISED TO GEMM/TMESTE Spere P Xatant Genoa Tne»te Modttenanea Sailed In
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      Page 14 Advertisements Column 2
      338 14 h if* f<* 21 Fab 24 MU I Mar 5 Fab 17 |M> 7 MM I Mr •r 10 *.25 •pr t Apr 21 K> »pr 23 Apr IS I Mar 3 |M* iM im "iwrnr d r. utm m/ 2 "TM Br FA 21-21 (P. fata* OMcVLa* 1-1/3) To:
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      Page 14 Advertisements Column 3
      600 14 m >| I EVERGREEN LINE it vf MOW F MARINf CORWHATtON AR EAST/RED SEA. MEDITERRANEAN EXPRESS FULL CONTAMER SERVICE ALSO ACCEPTWG CARGO FOR; GENOA. LATTAKIA. BERUT ALEXANQRIA. BENGHAZI. TWPOLI (LBYA) rpm 'MM Nrt im IMmM fa f Et» HmM Uht MM aht 2mm lib tlii lib EHrMßty afM 7IM 11
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      Page 14 Advertisements Column 4
      900 14 Everett Lines Hi I "BURMESEJiATIONAL LINE" uwoioi <«kd**| mti) Nk [rm 14/15 Fat B.F.S.S.C. Agwit* in Moloyno TEPS MALAYSIA Port Katong TaM3B)-7355 Panong T«l *****/***** CempasM ArfMtM* Dt ■nipiii ImilllilU 1 A. C.I. F. "ARGENTINE NATIONAL LINE" kbillinn Mwicoi S. A. V*"* "MEXICAN NATIONAL LINE" HI EAST/MDOCO I CENTRM NSKI
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      Page 14 Advertisements Column 5
      681 14 linrwwy; rcvruv) O, 194* r p,O.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD km ;io: .Mm .mst fioor marina hoiisf SHFNION WAV MIS TRI ROAD SiNt.APOKf «> .V<>l;44 7 ***** 70 lai SANKYO LINE AUSTRALIA SERVICE VIE MM TWEE STAR.. P. Mmc ihtpri IM*« i MPart 25/21 Fab 12/13 Feb 1/2 Mir
      681 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      888 15 Overseas I II Containers Limited V- contamersmp service from uk/contment It H barf Inn r«Mi Mm* S too P U«t Sport toft fate Oulihf hW hM l« IM »Ftk MM *18 •m M faM bM hM UHk 2* Ft* W. KS Ram Han faM faM faM faM 22 Ft» W
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      Page 15 Advertisements Column 2
      496 15 GRANARD LINE RQJMLC A KKMMftf NON-COBFERENCE EXPKSS SERVICE NEST BOUND-FAR EAST/MEDITERRANEAN S*pvc PJlaMni Pwang LaMk« tar UK RHONE FUNS Y.2JN.. UFA MW PM BLV. MM TAT 1.2211.. BLV. MM M 2«W 25 FM 2S Fab 2Ma MWiPM Aleiafldria laflalua 2 Mar Opbovti/ MAtab/P SaM/ AteaiaMna Bout Lattatia/ I mussed,P*ears/ T
      496 words
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      Page 15 Advertisements Column 3
      682 15 nw BEN LINE CONTAINERS EXPRESS CORTNNER SERVICE TO/ROM EUROPE hiuk fmvu Sp*t P Mb* N Genaaiiy/Amtria HkMK SOTCN france M U K IVI 7/1 M/> IV) (24/1) a/i V« M/l IV4 1/4 a/i U/4 1/4 a/4 11/4 (a/4) a/4 vs H BURG t MVCN rOMI HAMI SOTON Gena«iy/A*stna Banalui Fraaca
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      Page 15 Advertisements Column 4
      548 15 Scan Dutch V Ensgsi Li EXPRESS CONTAINER SERVICE VIA SUEZ AVIA rnn I) Mi tlHill lto| 4) Cta U/I ivi 11/1 Tom u/i aM WEEKLY SAILINGS EASTBOUNP 1) G'barj 7) Ktaq 1) r* 4) ttm 5) LMt t) MsoMes PMM S por Mri bM I*4 a/i IVI i/; M hM
      548 words
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      Page 15 Advertisements Column 5
      502 15 GUTHRIE BOUSTEAD S* G s THE BANK LINE LTD LOADS FOR E I S. AFRICA HUM EAST 4 SOUTH UWCk S|M MMOi P Ma* MARCH FOR BANGKOK IMNLA ..Pwm P MM* Port/13 f* S port 14/11 FA fWX P KaN«g22/2t F* Sport 27/21 F* LYKES ORIENT LINE EXPRESS SERVICE MRECT
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      855 16 K LINE KAWASAKI KISEN KAISHA. LTD. n PtAUL 13* C RO2F 12* HOWAN lACEWON 1* HK CONTAMER 14* MIRCATOR 10W EUROPE Spore P Keiang I Havre R dam 1& Feb 17 Feb I 21 Feb 22 Feb 27 Feb 2t Feb 6Mar 1 Mar 11 Mar 12 Mar 17 Mar
      855 words
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      Page 16 Advertisements Column 2
      784 16 U.S.A./EAST CANADA SERVICE ACCEPTMG Fa/ia CORTMOB HUM ran*, P. ROME. STORE LoaMg tar m KM. NORFOU E.C./CREAT LAKES SERVICE Laadtag tar NOVOU. WH TOM. MONTBEAI. TORONTO Penang Mm P Uh| ia|apnri "TRBAM MMRTT (MM 29 SO) 21/24 FM 21/22 FM 1«/1» F«* 14/17 fo CALFORMA/PACfIC RORTM WEST SERVICE LoaMg tar
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      Page 16 Advertisements Column 3
      466 16 < .roup SINGAPORE SHIPPING AGENCIES PTE LTD 1 S/V, II'ORi; ISI I M>S I IM •n 9N *1/14 Fak 1« 7/14 Fak 2V7fc m 12/17 MB ISN 23/34 Na IKB 14/11 V □5R LINES HONG KONG ISLANDS LINE NGOnCMW ARAMAM OULF SERVICE Seaport P R(iM| Penan Le**n tar ft/27 Fak
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      Page 16 Advertisements Column 4
      656 16 T RfiJO, MAI* r Si A* HTttHAnOHAL SmPMNG Co**o*ATtoH BfHHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA mi warn. 1) Barcofna Caw*. 2) Aaoltr* Ort«ei*eteii. Aartwv Cd)»*hiii HMi 4) Mabno StocUMa OH* 'Accepting Europe c*|o tar Mo na S pore EAST WD: 1) G twr| 2) Htwr| J) l m 4)
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      Page 16 Advertisements Column 5
      740 16 INTRASEA (PTE) LTD. r.ibr- House ..i-JE. Orchard Ro.id S>nqapore 9 Telephone *****11'*****5' REGULAR MM SN/FUU CONTMO SERVICE TO EMtOfC S urt P Whi Pmmi Im*| tar Hl* UFA RoOeriw Hat.ff baMapa/tt a Ma Hlh Aion /Aehwi mtc *mm "mu <nt) in *****1 hok 2354*57 l imp* no mim t nuns
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      148 17 MALDIVE LINES MM.DM CORU Discharging cargo tram Nagapatmam and Loading lor Mate* and Cotombo MLM Loading tor Karachi KESRI LHRTT loading tor leddah ETA STORE ETA TORT KEIANG IS/ 7 MAIDIVE ENEKT loading tor Dubai Sfaoaid Shipping Trading Co tS> fit ltd J/11 International Plaia (17th floor I Anson Road
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      Page 17 Advertisements Column 2
      193 17 ATLANTIC INTERNATIONAL UNES (PTE) LTD. ETD 1? Feb ETA SINGAPORE (ATI 10 Feb A VESSEL 10 Feb 13 Feb -FITTED ««TM HEAVY LIFT DERRICK 25 TONS For cargo bookings contact Florence Tan Room 2807 28th Floor International Plaza Anson Rd Spore 2 Tel *****66 *****67/*****00 Cable Address ATLAMSHIP I He.
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      Page 17 Advertisements Column 3
      21 17 r For information on advertisements in Shipping Times call Philip Lee (ext. 351) or Mr. Jega (ext. 322) at Tel. *****44.
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