The Business Times, 6 December 1979

Microfilm: NL10426
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES No. 141/1/7# THUBBDAY, DECEMBER, 1,1979 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Batam cooperation draft
      85 1 AFP JAKARTA, Wed. The Indonesian government will this month set up an inter-ministerial team to draft the form of projected cooperation between Indonesia and Singapore in the development of Batam Island south of Singapore, and to identify possible problems in such cooperation. The final results of the
      AFP  -  85 words
    • Article
      Lock icon Record trade surplus
      74 1 AFP KUALA LUMPUR, Wed. Malaysia had a record trade surplus of M 53,445 million in the first six months of this year $41 million more than the surplus for the whole of last year. A Bank Negara quarterly economic bulletin released here today said that the trade
      AFP  -  74 words
    • Article
      Lock icon Chinese mission
      66 1 AFP JAKARTA, Wed. A mission from China may visit Indonesia to explore the possibility of normalising diplomatic relations between the two countries, Antara news agency reported today. Antara said Foreign Minister Mochtar Kusumaatmadja refused to confirm or deny the mission's visit, which if it takes place will be
      AFP  -  66 words
    • Article
      Lock icon Less than one per cent
      72 1 AFP JAKARTA, Wed. The Indonesian government today announced the inflation rate for the month of November as being "less than one per cent". The inflation rate for the January-November period this year has come to 22 per cent (with the last three months recording under
      AFP  -  72 words
    • Article
      Lock icon GNP plunge
      41 1 AP SEOUL, Wed. South Korea's real growth rate in gross national product (GNP) plunged to 4.8 per cent in the third quarter of this year from 13.8 pr cent a year ago, the Bank of Korea reported Wednesday. AP
      AP  -  41 words
    • Article
      Lock icon LPG supplies
      58 1 UPI MANILA, Wed. Indonesia has agreed to supply the Philippines between 33,000 and 40,000 tonnes of liquefied petroleum gas (LPG) a year during the next 10 years. A supply contract was signed yesterday* by Philippine Energy Minister Geronimo Z Velasco and Mr Piet Haryono, president-director of Pertamina. Prices
      UPI  -  58 words
    • Article
      Lock icon Oil refinery venture
      41 1 AP BANGKOK, Wed.— The government has agreed to enter into a joint venture with the Thai Oil Refinery Co and has allowed the company to double its refinery capacity, a spokesman for the Industry Ministry said today. AP
      AP  -  41 words
    • Article
      Dow Jones
      62 1 NEW YORK, Wed. The stock market rallied sharply in active trading this morning amid hopes of a settlement of the confrontation between the United States and Iran. The Dow Jones average of 30 industrials jumped by 7.94 points to 832.35 in the first half hour. Gainers outnumbered losers
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  • Article
    Chief Price Changes
    153 1 Rises Indices Eaao sao •ft F E Leviagatoa MO 5 Nov 4 Nov 5 1 C B Naayaaf Preea Malakon 3S6 332 3M 4 44 >4 B.T.Index: Industrials: *47.46 2635.78 406.43 404.40 Metal Box Spore 302 4-4 Finance: 758.06 756.81 Haaie M 280 3 Hotels: 323.53 322.94
    153 words
  • Article, Illustration
    KUALA LUMPUR
    163 1 Rises Indices Shangri-La 790 80 B.T. Index: Nov 4 Nov 5 UOL Loan 152 52 3722.17 3705.18 SEA Corp 1200 50 Industrials: 437.06 436.64 Hong Leong Ind 158 18 Finance: 650.19 652.33 Taiam 240 10 Hotels: 284.95 291.20 A Hitam (T) 1330 10 Properties: 254.70 253.63 K Kampar
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  • Article
    Gold forecast to reach US$500
    756 1  -  U.S. AUCTION EXPECTED By COLIN CHEE FOLLOWING the resurgence of the gold bullion market in recent weeks, local dealers are now predicting a gold price of US$5OO an ounce within three months, subject to certain developments. i "Right now we are seeing a period of
    756 words
  • Article
    SPPL PAYMENT TERMS REVISED
    236 1 AT THE last minute, Singapore Paper Products Ltd (SPPL) has revised its payment scheme for the $1.5 million purchase of equipment from its former supplier of facial tissues. Creative Press. Instead of monthly payments of 127,000 to Singapore Finance for 5 years, SPPL will now make,
    236 words
  • Article
    Central buying for co-ops idea
    391 1 A CENTRAL purchasing unit should be fat mad in Singapore to provide foods and service! to various multi-purpose and consumer cooperatives. Towards this end, NTUC's Welcome supermarket cooperative can take the lead, said Mr Chan Chee Seng, senior parliamentary secretary (Social Affairs) at the inauguration
    391 words
  • Article
    ERICSSON MALAYSIA
    338 1 SW EDISH telecommunications group, L M Ericsson, needs to invest another $45 million in Malaysia over the next three years. This is if it proceeds with plans to re-equip its existing plant for the production of computercontrolled telephone exchanges. So far, the group has invested about MO million
    338 words
  • Article
    Interesting situation develops in Pegi Malaysia Berhad
    226 1 an nrreumNG ttoa ii ifvrliffag fa Peg! Bcrktd, tk« euk-Mca etßptaj wI«M ihMH htvt reMhf A Mile kam mj, ffealafadi ItoUfag Sda Bhd, bnM m the 21st fleer ef Baya Nhk| fa Jalaa Anyang, haa heaght MM ■Wm iksrei ef Msl eack repreaeattag
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  • Article
    Ben's plan for W&T runs into difficulty
    489 1  -  By CATHERINE ONG BEN and Co's rescue plan to improve its ailing financial position has sailed into rough waters, judging by latest developments. Another company, Singapore Shipping Agencies (Pte) Ltd (SSA) has joined battle with Ben's board and spoken out against the sale
    489 words
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      4 1 Nil w i A
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      214 1 ASEAN BusHeggartßrV Miliytu'iceMßinilt industrial avaarfinaDOit act low-wage problem Imra-ASEAN anbonoc trade* liiiu Hjpfh jiiJ Jtmxxl VM AN s puH.trx cunitiH*»v> Mrf an docmxucs mduaay in ASIAN MiLtyoia p" -our. Myth aid reality at Stoppse'* todt» trial production iadex < Im UVivJ»*K how ASEAN doe* k The latest issue of the
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      Page 1 Advertisements Column 3
      22 1 mm I»mI paltey SABAH'S am Imm FBANCE tatem drive ia Weal Ajfe rh SHIPPING TIMES V s r» CJ r* c Ll
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      2 1 Lwiw-pm c
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      142 1 '1 For FAST. CLEAR CLEAN PRINTING Look for 380/360 CO flOlUbtrf O Box SO Sam Ttknxmt MSI *****5223 RICOH WP-1 Our first fully automated intelligent memory typewriter. The WP-1 word processor by Ricoh. A fast, flexible solution to manual typing, editing and information storage in your office. Special thin window
      142 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Risis venture in NZ to take root soon
      460 2 SINGAPORE'S gold-plated orchid venture with a New Zealand company is now all set to go. Sources said yesterday that the authorities there had a change of heart about the venture and that an earlier delay in securing import licensing for the venture
      460 words
    • Article
      British stamp mission due next week
      173 2 THE FIRST trade mission from Britain's Philatelic Traders Society will be in Singapore from Dec 12 to 16 to make an on-the-spot assessment of the market here. The eleven-man mission will be led by Mr E W Proud, chairman of the international committee of
      173 words
    • Article
      Carl Zeiss may set up a plant in Singapore
      398 2 CARL Zeiss, one of the world's leading producers of optical products and opto-medical instruments, may consider setting up a manufacturing subsidiary in Singapore if costs of production continue to escalate in its home-base, West Germany. The setting-up on an overseas manufacturing
      398 words
    • Article
      AWARDS
      27 2 PRESIDENT Sheares will present the 1979 National Day Honours awards to 94 recipients at the investiture ceremony to be held at the Singapore Conference Hall tomorrow.
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    • Article
      Big Telecoms investment in Changi airport
      353 2 THE Telecommunications Authority of Singapore (Telecoms) is spending a big sum of $128 million on communications projects at the new Changi International Airport and has established two new departments to manage these projects. The two departments are the Changi Airport Project group, whose main
      353 words
    • Article
      MEMO PAD
      293 2 COURSES AND TALKS Dec 6-7: Finance for Non-Finan-cial Managers, Hyatt Hotel, Price Waterhouse Dec <10-11: Cost Control for Managers, Hyatt Hotel, Price Waterhouse Dec U: How to Identify and Cope With Organisational Behaviour Problems,SlM Conference Room, Singapore Institute of Management Dec 13-14: Computer Appreciation, Hyatt Hotel, Price Waterhouse
      293 words
    • Article
      PEOPLE IN BUSINESS
      165 2 THE Singapore Tourist Promotion Board has appointed Mr Mfcfcad Taa and Mr Eaik Thai as regional director (United Kingdom) and regional director (US/ Western Region) respectively. Mr Michael Tan, currently the director of sales of Shangri-La Hotel, has ten years experience in the travel industry of Singapore
      165 words
    • Article
      Talks by Asean economic bodies begin today
      218 2 THE Economics Society of Singapore will be represented by a five-member delegation at the fourth conference of the Federation of Asean Economic Associations which begins today in Manila. The two-day conference covers Asean and international economic relations and unemployment, manpower planning and basic
      218 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      152 2 know? We could connect you to a choice of more than 200 data bases in the USA at a cost that will surprise you. And you'll get immediate access to vast amounts of research and technical information, experimental results, reports, statistics and portfolios on agriculture, banking, medicine, shipping, education, commodities,
      152 words
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  • REGIONAL
    • Article
      Lock icon Fraser to go easy on expenditure cuts
      592 3 AFP ENERGY and conservation have forced the Eraser government to modify their strict policy of cutting back public expenditure and relying entirely on private and free enterprise. In a special press conference in Melbourne after five and a half weeks on sick leave,
      AFP  -  592 words
    • THE REGION IN BRIEF
      • Article
        Lock icon JAPANESE PROJECT
        377 3 Agencies THE INDONESIAN government is considering an offer from the Japanese Mitsui Corporation to build a factory in Indonesia for the production of sugar from tapioca, Antara News Agency reported on Tuesday, quoting a consulting agency director. Speaking at a recent meeting of Indonesian sugar experts in Surabaya,
        Agencies  -  377 words
    • Article
      Lock icon Tokyo moves closer to the PLO
      122 3 AFP THE JAPANESE government plans to grant Mr Yasser Arafat, chairman of the Palestinian Liberation Organisation, privileges usually accorded to a Head of State if he visits Japan, it was reported yesterday. The Asahi Shimbun also said the chief of the PLO political bureau,
      AFP  -  122 words
    • Article, Illustration
      Ohira arrives in Beijing
      564 3 JAPANESE Prime Minister Masayoshi Ohira arrived in Beijing on a five-day state visit yesterday, the first Japanese leader of his stature to come to China since the exchange of diplomatic recognition in 1972. Mr Ohira was met by Chinese Premier Hua Guofeng,, Vice Premiers Ji Pengfei
      564 words
    • Article
      Sabah's new land policy
      524 3 THE Sabah government has adopted a new land policy to ensure that land is used in ways for which it is best suited in order to maintain a maximum yield over as long a period as possible. Sabah Chief Minister Datuk Harris Salleh said in Kota
      524 words
    • Article
      Lock icon Trade outlook for Japan
      245 3 AFP JAPAN'S current account will run a deficit of U5513.20 billion in fiscal 19T9 ending next March, but the deficit will decrease to 18.50 billion in fiscal 1980 from an increase in exports, Sumitomo Bank predicted. In its Outlook for Trade and International Balance of Payments,
      AFP  -  245 words
  • Page 3 Advertisements
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      212 3 My i root s m A nT If X SI <0. LUL-: TV -,v"-?. hi. I Datsun2ooL.The choice of the professionals. Bold refinements in luxury, elegance and a high performance have evolved in the new and improved Datsun 200 L. Special features for enjoyable, responsive driving include power steering and
      212 words
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  • RAW MATERIALS
    • Article
      RUBBER
      235 4 THE SINGAPORE market closed quietly lower yesterday with December One RSS buyers quoted at 296.25 cents per kilo, down one cent from Tuesday's close, dealers said. The morning market eased 0.75 cents on lack of fresh interest and the afternoon session lapsed into a stage of stagnation with dealers
      235 words
    • Article
      RAS PRICES
      346 4 R AS. prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 R.S S. prompt fob 294 00 296 00N 294.25 295.2SN Int 1 R S.S December 295.00 295.25 296.25 295.75 Int 1 RSS. January 297 50 297.75 297.75 298
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    • Article
      SSR and SMR
      106 4 V H)N SSR and SMR prices yesterday HAS Decern her January (Current Mth) (Forward Mth) SSR 20 Buyer* Sellers Buyer* Seller* 11 ton pallet) 266.50 268.50N 267.50 269.50N SSR 50 (1 ton pallet) 263.50 265 50N 264.50 266 50N MRELB SMR rv <1 ton pallet) 309.50 311.SON
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    • Article
      Soybean
      158 4 FUTURES in Chicago 1 on Tuesday, after sustaining steeper losses earlier in the day, recovered to close 3 to 4 US cents a bushel lower. Prices backed away from their lows for the day when a professional became an outstanding late buyer in both corn and soybeans. The professional
      158 words
    • Article
      Straits tin
      91 4 THE Straits Us price la Peaaag itoM aachaaged Ms2,l3f per pieal yesterday, MflM above the International Tin Agreement celling, dealers said. Conditions were generally steady, with foUowthreagh baylag demaad tram the UB, iapaa aad Europe as well as higher evernlght Lsadsa advices still aiding seattmeat. Large disposals of
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    • Article
      CLOSING PRICES
      30 4 Rubber: Dec 5 Singapore: December: 295.25 cents (down 1.00 cent) Malaysia: December: 294.25 cents (down 1.50 cent) Tin: M 52,130 (unchanged) Official offering: ***** tonnes (up 36Vi tonnes)
      30 words
    • Article
      Hongkong Comex
      216 4 THE SUGAR futures market yesterday closed little changed in continued quiet featureless trading. Nearby January closed at 16.45/65 US cents against Tuesday's 16.47/67 close with distant October at 16.05/10 against 16.00/10 overnight. The cotton market yesterday closed easier in continued quiet trading. March closed at 61.90/ 62.10 US
      216 words
    • Article
      Produce exchange
      294 4 DULL and featureless trading conditions persisted at the Singapore produce market yesterday. Very little business was done with overseas markets, partly because of currency uncertainties. Some covering deals were reported in the pepper sector where the undertone remained soft under the influence of higher crop expectations. Yesterday, a
      294 words
    • Article
      Wheat
      76 4 THE Chicago Board of Trade wheat futures closed 6'/z to 2'/j US cents a bushel lower on Tuesday. Short-covering and heavy commission house buying in the March contract at the close brought wheat futures away from their lows for the day, traders said. But wheat futures failed to follow
      76 words
    • Article
      Rice
      345 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0 98, 100 per cent second class 0.83, 100 per cent third class 0.80, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.63, Special
      345 words
    • Article
      LONDON MARKETS
      529 4 COCOA: Futures ended relatively quiet first call yesterday morning £4 down to unchanged then moved higher on mixed short-covering and currency-based support. Turnover at first call totalled 281 lots, including 117 crossed. Lower sterling outweighted any easiness expected against New York's limit decline. Market a little hesitant following
      529 words
    • Article
      Palm oil
      75 4 C.I.F. North European ports. In US dollars otherwise stated. per ton unless LONDON: Malaysian 5*V ff# bulk per tonix January Sumatra 5 r > ffa bulk December January February March May Nigeria 5 r ffa bulk »lf BnmnniMTm 652 50»lr 642-SOalr 652.50tlr 6S5.00»lr S65 00.tr unch unq Previoaa
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    • Article
      Lock icon Coconut supplies falling steadily, says FAO
      134 4 Reuter WORLD coconut supplies have been falling steadily, due largely to poor weather in the Philippines which supplies more than 75 per cent of world demand. According to a paper presented by the Food and Agriculture Organisation (FAO) at its seminar in Manila yesterday,
      Reuter  -  134 words
    • Article
      Textiles
      192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa yam: China Blue Phoenix 20b 2,325 32s 2,530, 408 3,035 (per bale of 400 lbs). Piece gssds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      192 words
    • Article
      Lock icon KL boosting its mining industry
      1374 4 MORE COHERENT POLICY FT r Aifl expanding Malaysian petroleum and palm oil production and high prices for most of the country's commodity exports, have meant that in recent years, Malaysia has been unruffled by the decline both absolute and relative in its tin industry. Lately,
      FT  -  1,374 words
  • ASIAN STOCKS
    • Article
      Lock icon Market continues to move higher
      592 4 TOKYO Source: DBS-Daiwa THE MARKET continued steady yesterday, posting the eleventh straight advance. Despite investor caution over the continuous upswing, the market showed strength in rotation buying in several sectors. The Nikkei Dow-Jones average gained Y2O to Y6,507.65. Turnover was light, around 300 million shares.
      Source: DBS-Daiwa  -  592 words
    • Article
      Lock icon Hongkong
      326 4 Source: SHK Sec A RETURN of confidence among local speculators caused a 10-point rally in the market yesterday as overseas activity was negligible. However, turnover was low and so price movements tended to be exaggerated. Hopewell, for example, moved 45 cents up to $9.80 to post the best gain
      Source: SHK Sec  -  326 words
    • Article
      Sydney
      413 4 PROFIT-TAKING pushed leading gold stocks lower yesterday with Central Norseman falling 10 cents to close at A 19.70 a share, brokers said. GMK lost 12 cents to $3.10, Poseidon six cents to $1.64, and Emperor Gold eight cents to $1.02. Base metal producers were also easier, with Bougainville Copper
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    • Article
      Manila
      163 4 THE market closed mixed yesterday with minings oils posting gains while commercials and industrials declined, dealers said. Turnover rose to 11.17 million pesos from Tuesday's 9.97 million. Atlas Con B, Benguet Con B, Phil Overseas and First Phil Holdings gained, while Baguio Gold and PLOT fell Acoje Mining, Philex
      163 words
    • Article
      Selected indices
      50 4 financial times INDUSTRIALS Tuesday 42SJ Monday J 418.5 Week Ago 41ZS DOW JONES AVERAGE INDUSTRIALS Tuesday Monday 819.82 Week mgo 82&JS HJLHANC SENG Wednesday 772.12 Tuesday 761.50 Week ago 734.96 SYDNEY INDUSTRIALS Wednesday 547.86 Tuesday Mi.ee Week ago 532.03 ALL ORDINARIES Wednesday 661.38 Tuesday 688.95 Week aco 666.66
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  • Page 4 Advertisements
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      148 4 THE 2ND INTERNATIONAL FORESTRY. TIMBER PROCESSING AND WOODWORKING EXHIBITION. DATE: 12-16 JANUARY 1981, SINGAPORE. Wood '81 is the second specialist exhibition devoted exclusively to the development and expansion of the forestry, timber processing and woodworking industries of South East Asia. Wood '81 will highlight the latest range of equipment and
      148 words
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  • OVERSEAS
    • Article
      Lock icon Limit on oil imports for EEC states
      450 5 AFP Reuter EUROPEAN Economic Commission energy ministers meeting in Brussels have set an oil import ceiling of 472 million tonnes for EEC member nations next year. The breakdown is: West Germany 143 million tonnes, France 117 million tonnes, Britain 12 million tonnes, Italy
      AFP; Reuter  -  450 words
    • Article
      Lock icon Shell faces lawsuit by Mobil
      223 5 AP MOBIL Corporation filed a lawsuit on Tuesday against Shell and Belridge Oil in an attempt to block Shell's U553.65 billion (557.92 billion) takeover of Belridge a takeover that would be the largest corporate merger in history. In a request for an injunction barring further
      AP  -  223 words
    • Article
      Chrysler workers in uproar over wages
      144 5 CHRYSLER union leaders said Tuesday they would rather let the company go bankrupt than accept a three-year wage freeze. With roars of acclamation, hundreds of delegates of the United Auto Workers Union (UAW) took their stand at a boisterous meeting, then stormed out to
      144 words
    • Article
      Lock icon TANKS ROLL HOME
      123 5 AP A RUSSIAN tank division stationed in the historic East German town of Wittenberg began returning home yesterday in a partial troop withdrawal announced by Soviet President Leonid Brezhnev. East German television transmitted a live report from the city made famous by association with protestant reformer Martin
      AP  -  123 words
    • Article
      Lock icon Agreement on windfall profits tax
      188 5 UPI BREAKING a four-day impasse, the US Senate has approved an amendment to the windfall profits tax that would boost revenues U5522.5 billion (5547.25 billion) by increasing the rate from 60 to 75 per cent on oil from wells in production since 1972. Approval of
      UPI  -  188 words
    • Article
      Lock icon Cognac
      53 5 AFP A SEMI-official French cognac promoting agency has established an information centre in Tokyo to publicise the brandy. According to a spokesman for the centre, Japan imported 4.13 million bottles of cognac brandy in the first 10 months of this year, up 23.28 per cent over the same period
      AFP  -  53 words
    • WORLD IN BRIEF
      • Article
        Lock icon FEWER IMMIGRANTS
        470 5 Agencies THE NUMBER of immigrants moving to South Africa has dropped 60 per cent in the last four years while the number of persons leaving doubled during the same period. The Department of Statistics also said last year was the first time when emigrants outnumbered new arrivals in
        Agencies  -  470 words
    • Article, Illustration
      Lock icon Carter's trump card in bid for second term
      706 5 Reuter AP PRESIDENT Carter yesterday openly staked his reelection campaign on his ability to guide the United States safely through its crisis with Iran. The priority he gave to Iran in formally announcing that he would seek a second White House term
      Reuter; AP; Source: UPI photo  -  706 words
    • Article
      Lock icon UN works to gain freedom for hostages
      419 5 AP UN Secretary-General Kurt Waldheim, with a unanimous mandate from the Security Council, yesterday worked to free hostages held at the US Embassy in Teheran and settle the standoff between Iran and the US. The 15-nation council gave Mr Waldheim the mandate in
      AP  -  419 words
    • Article
      Lock icon Sadat's asylum offer criticised
      183 5 AP EGYPT'S small Socialist Labour Party criticised the government's decision to invite the deposed Shah of Iran to settle here as a political exile, saying the Egyptian people did not need more "headaches". In an editorial in the weekly opposition newspaper, Al-Shaab, party chief Ibrahim Shukry
      AP  -  183 words
    • Article
      Lock icon Muzorewa gets green light for ceasefire
      303 5 UPI ZIMBABWE Rhodesia's > Prime Minister Bishop Abel Muzorewa received Parlia- > ment's approval to set in > motion the final machinery I for a cease-fire agreement and elections. I Parliament voted overwhelmingly in favour of Britain's constitutional proposals aimed at erasing the nation's
      UPI  -  303 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      736 5 DEPARTURES Service Local Operator Number Time For SIA SQ202 0900 HLP CPA CX712 0906 BKK/HKG JAL JL716 0706 BKKHKGTYO SIA SQ8 0900 HKGTPENRT SLA SQ456 0915 BWN CPA CX720 0920 PEN/HKG MAS MH822 0920 PEN/(BKK) MAS MH681 0925 KCH SIA SQ64 0930 MNL SIA SQ581 0930 MAA
      736 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      287 5 At the Harbour Grill, what you have for lunch is your business. The Chefs Luncheon Fare at the Harbour Grill offers you the •opportunity to indulge yourself over a number of generous courses. Or merely to take your pick from the tempting display for a lighter; quicker meal. Fast or
      287 words
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  • Article
    Gold is bigger than life
    410 6 FROM an economic point of view, gold has little intrinsic value. But it has mythical qualities. And more than any other metal or even precious stones, it has the inexplicable ability to hold the lifelong passion of man. And in more ways than one, it
    410 words
  • Article
    Centralising has its drawbacks
    330 6 A CENTRAL purchasing unit for cooperatives, as with all central purchasing units, has very considerable advantages but it is not without pitfalls. In purchasing, leverage is a vital element, and the larger the purchase, the greater the leverage exerted by the buyer. Suppliers often provide favourable
    330 words
  • Article, Illustration
    Lock icon Carter gets a second chance
    872 6  -  By HEDRICK SMITH NYT THREE months ago, in the aftermath of President Carter's puzzling retreat to Camp David and his dramatic Cabinet shakeup, democratic politicians around the country were giving him no more than 100 days to save his presidency or be written off for
    NYT  -  872 words
  • Article
    Lock icon Portuguese elect to make a right turn
    855 6  -  By JAMES MARKHAM NYT A GROUP of rightist parties has won a majority of the seats in Portugal's parliament, but the triumphant coalition possibly is a volatile one, and Portuguese and other Europeans who had roles in its victory are watching to see
    NYT  -  855 words
  • Article
    STRAWS IN THE WIND
    328 6 PHILIPPINE Airlines (PAL) president, Roman Cruz, is a man to admire. In an effort to improve his company's image he told a gathering at lunch that the initials of his airline now stood for "Prompt At Last". He said the airline had improved its record to
    328 words
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      Page 6 Advertisements Column 1
      340 6 why not be a m ft DW, IV *lbp men earn top money when qualified Full training for UCTA Diploma Exam. The man in the car could be You The house and family could be Yours. With you in a prosperous new job enjoying a new life a happier life,
      340 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1362 6 TV RADIO Bittersweet nostalgia THE yewi that were wrap- the past-war yean that Im- tteats to a female ieetor ped araud WerM War D haed evea the not care- wha (alls to hear a heartsteak with dUltatoaroeet. tree. He Last line I Saw heat, b aaahie to IM Jhe Idealism
      1,362 words
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  • Article, Illustration
    Lock icon FRENCH EXPANSION
    1725 7  -  Export prospects in West Asia France is intensifying its export drive in West Asia, reports TERRY DODSWORTH. TERRY DODSWORTH FT "FRANCE took this contract and won friends. It has been regarded, rightly, as an investment in the future." The speaker is nonFrench, a rival European with a clear
    FT  -  1,725 words
  • Article, Illustration
    Lock icon Will the lucky star stay?
    1235 7  -  By PHILIP BOWRING FT HOW LONG can luck last? That's the question facing Malaysia's traditionally cautious economic managers as the nation prepares to enter what could be its last year for quite a while of buoyant export receipts. Malaysia has been triply blessed in recent
    FT  -  1,235 words
  • Article
    Lock icon Emerging new class of capitalist in Lima
    826 7  -  FORUH with ENRIQUE ZILERI GIBSON NYT PROFESSOR Friedrich Von Hayek, the 1974 Nobel prize winner in economics, went to Lima last month, still as strong as an ox at 80, to discuss democracy and the market economy. And, well, he certainly met the
    NYT  -  826 words
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      633 7 r t t ll L'i L 01 i Th« British Experience jjgj 1 1945-1975: wl P Calvocoressi JgJl I The British Experience is a sane, erudite and witty guide to the l events and changes that have I taken place in Britain since the war, from the exuberant optimism of
      633 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        277 8 DEC 04 Frs CORBEILLE Air-Liquid* 480 10 3.1 B 8 N Ornrau Danone 851 -a C S F (Thomson Csf) 444 80 93 Cle Fnncibe del Petroles si 12 Compagnle Ftntnctere Compagnle X Oenerale 340 Credit Foncier De France 470 -2£ Hachette (Llbralrte) 192 65 Machines Bull 86 50
        277 words
      • Article
        Brussels
        97 8 DEC 04 Frs FORWARD MARKET Aref 337 >4 Arh*Mf 2100 -25 Astur 404 -1 Brtac&n 512 unch Bru-Lamb 1560 15 Canptc 846 unch Cock 347 4-6 De Beers 288 3 Fh** 2115 15 Electro be I 6700 50 Ob-Inno-Bm 2490 00 Ocv 1000 unch Mnhnk 2620 -45 Petro 5600
        97 words
      • Article
        Frankfurt
        208 8 DEC 04 Dm Aef-Teicfunken Akio Allx Leben 40 JO 22.80 810 00 12 0.1 -15 Alls Vef» BASF Bay H T Wbank Bt; Vbank 400.00 141.70 230 60 290.00B unch unrh 14 Bayer 120.10 0J nnr BMW Casaeila Chem V«rw maou ioojo 329 00 2B2.00B uncn 2 -8 commenbank
        208 words
      • Article
        Zurich
        192 8 DEC 0« Franca Action* Sulaaet Alusulaee Br Aliuuksae Ref. Brown Buori »*r m 11*0 m IT* unci) IS -i -10 Clba OelfJ Br. Clba Oelfy P C Clba Oelcy Ret Credit Sutae Br Credit Suuae Re« Elektrowmtt Br UN DSC m an 435 2130 -0 -U 4-J 4 30
        192 words
      • Article
        Amsterdam
        188 8 DEC 04 Fto ABN 316.80 *03 Ahold 7670 -0.1 Akzo 25 JO 04 AMEV 9410 -08 Am fas 116 JO -03 Amro Bank 65 70 4 0.6 Bergo&s 52.00 unch Berk 92.00 -03 Bois 64.70 -0.6 Bftniimij 166.00 unch Burhmann 50.00 1 Byenkorf 60.00 Calve Delft 156.60 2.1 Dell
        188 words
      • Article
        Milan
        90 8 DEC 04 Lire Anlr M 035 Aooc Ocn Bulofl Centraic OHO 710 230 11 I* flat ZZ 1186 15 Flnilder fl 04 Oen Im mob 8S50 -0-5 IFI Prl Italcemenu 2301 ***** ISO ItaJ«u IUlMder 725 282 ♦1 us Ma«neU M Pf Mmrelll Ere 580 unch 1 75 Med
        90 words
      • Article
        A plus for prices
        1379 8 NEW YORK STRENGTH in aircraft, computer and some oil issues contributed to an improved tone (or the stock market on Tuesday and prices moved higher in active trading Analysts, citing a rise in the number of large block trades, said institutions did some bargain hunting following
        1,379 words
      • Article
        TORONTO
        206 8 DEC 04 CS AblUbl 18 Alcan 46* unch Alfoma 29*4 1* Bank Mont 24 Bank Nova Scotia 23* Bell Tel 21* Beth Corp BP Can Ltd ZZ 30* Braacan 21* unch Camp Red Lake 28* -1* Can Imp Bk 24* Canpar as* Canpac In? Pf Carting OTCeefe— ZH 6
        206 words
      • Article
        JOHANNESBURG STOCKS
        318 9 DEC 04 Rand INDUSTRIALS A Alpha 235 5 Abercom 775 unch AE And CI 575 uncii AMIC 1950 Barlows 770 +10 Cf Sugar no meft CN A 335 Currle Flntnw 130 unch De Beers Ind ***** Edcon ««s Edgars wn iTnrh Eyeready Fed Volk 1. 3«2 4.7 Fugu
        318 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      162 8 --mr to wine, dine and entertain irr. I I m m w 1 1 Sfjc <V|jcf came# atB.ls)mi cticrtj at tip 'iWon'e Sable. > In the best European tradition of old, our Chef will ceremoniously carve a succulent roast, done to a turn, on the one and only roast spit
      162 words
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      Page 8 Advertisements Column 2
      202 8 a S> I ft For lunch. For dinner. For a richly rewarding experience. AK<> Buvru'wm'n I.uruh M< iruLn. t(' f r:ddv. 1 s -> V' i SS Ri|-.tdfi'l Sdtunlav <.V S.jnddv. > l'> VV, ("f ss hr >ns c dil 7 Jk(S> C k iilnr> Pnrk SIM nilnn Siii|:a|Nni' SH£RA'ON
      202 words
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      Page 8 Advertisements Column 3
      115 8 See Page 4 for Asian stocks e See Page 9 for Jo'burg prices Si; 11 nose Sen food JVI Corkpit Steak House Mitw-Q Try our Teppan-Yaki steak In our cosy, personalised atmosphere A truly mouth-watering delight And a time that you'll remember. Business Hours: Lunch 12.00 noon 2.30 p.m. Dinner
      115 words
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      Page 8 Advertisements Column 4
      194 8 LUNCH AT HIITS Savour the true flavours of Singapore in cool, exotic, trooicai su r roundmgs at the newiook Hirf s Heavenly Cookhouse Choose from a .vhoie variety of local foods like u'taoak Steam-Doat. Malay Cu"ies, es. Smoked Duck and SucKimn Pig Satay CnMi Crabs Exceptional Cantonese menu Dy ceieorateo
      194 words
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      Page 8 Advertisements Column 5
      71 8 A Merlin's New Grill Room It's elegant, comfortable and quietly opulent, with a menu that will delight the discriminating. Our Businessmen's Buffet (Mondays to Fridays) offers a fabulous spread. There's Prosciutto Crudo. Gammon Ham. Cold and Grilled Lobsters. Baked Crab. Fillet Mignon Bernaise. Tournedos Rossini. Sherry Trifle and lot's more
      71 words
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  • BANKING AND FINANCE
    • Article
      Lock icon China prefers to use export credit
      426 9 Reuter MAJOR new Euromarket borrowings by either the People's Republic of China or the Bank of China (BOC) are very unlikely in 1900, officials at the Bank of China's Luxembourg branch said. They said China is obtaining more favourable terms for funds through exportlinked
      Reuter  -  426 words
    • Article
      Lock icon SIZE OF UK RATE CUT
      158 9 Reuter THE SIZE of the British public borrowing requirement for 1960/81, which will be made known in the 1980 UK budget, will determine how large a cut in UK interest rates will be seen in 1980, Barclays Bank International said. The scope for significant reductions
      Reuter  -  158 words
    • Article
      Lock icon A lousy year for Bonn
      141 9 Reuter WEST German hanking Association president Harald Kuehnen said 1979 has not been a good year for German banks. Pressure on interest margins and securities' writedowns have squeezed banks' earnings, he said. German banks are in full agreement with the Bundesbank's restrictive monetary policies, though
      Reuter  -  141 words
    • Article
      Lock icon IMF concerned over dollar switch for oil
      209 9 Reuter IMF officials are concerned about the possibility of the dollar being replaced by other strong currencies for oil payments, because this would upset the already fragile existing monetary system. Italian Treasury Minister Filippo Pandolfi said on his return to Rome from Washington
      Reuter  -  209 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        497 9 THE foreign exchange market was relatively subdued yesterday, with no new factors affecting trading. The US dollar closed on a mixed note against major currencies. Opening at 247.50/70 against the yen, the US dollar then firmed slightly to 247.80/00 when Tokyo closed. Subsequent trading was maintained at these
        497 words
      • Article
        Tokyo
        159 9 THE US dollar for overnight delivery closed slightly firmer at 248.05 yen yesterday, compared with a 247.50 opening and 247.70 at Tuesday's close, dealers said. Trading was light with volume totalling $550 million. No central bank intervention was detected. The US dollar edged up in thin trading on importcovering
        159 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.2 per cent.
        22 words
      • Article
        Asian $ rates
        190 9 Asian rates ASIAN currency deposit interbank rates as at close on Dec 5: 7 days 1 month 2 months 3 months 6 months 9 months 12 months 1 month 3 months 6 months 12 months US Dollara(Spot) Offer Bid 13 J 4 13H 13'. 13>. 14 13'» 14 5/16 14
        190 words
      • Article
        Discount
        52 9 RANGE of prion offered by discount houses on Dec 5: Overnight 5' t% Call deposits 5' CM* Bajriaf S«lli>| 3-month Treasury bills 511/18 5 9/1# 3 month Bank bills 8 J 8'. 3 months CD 8 v t 8" 2 6 months CD 8*« 8 l i Source: National
        52 words
      • Article
        Australia/NZ
        62 9 AUSTRALIA/NZ exchange quotes on Dec 5: US dollar -1 0982 1 0934 Sterling ***** 0 4983 Ninety-day air mail buying rate*: Sterling 0.5293 US dollar ***** Ninety-day forward buying rates: Sterling 0 5129 US dollar —1.1110 NEW ZEALAND: Reserve bank midrate: US dollar 0.9T74 Trading bank indications: Sterling 0
        62 words
      • Article
        Treasury bill tender
        43 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $35 million 91-day Treasury bills to be issued from Dec 10 to Dec 14. Each tender must not be for less than $250,000.
        43 words
      • Article
        Gold
        305 9 THE SINGAPORE gold futures market yesterday closed easier after fluctuating widely through the day in moderately active trading, dealers said. Turnover dropped to 380 lots compared with 625 on Tuesday with interest mainly on January, February and April contracts, they said. January closed lower at U*****.00/436.00 an ounce against
        305 words
      • Article
        Hongkong
        211 9 THE US dollar yesterday firmed from the morning's lows against major currencies in moderately active trading on continued bank short-covering and commercial demand, dealers said. The US currency was quoted at a late 1.7338/45 marks against an early 1.7300/10 in fairly active trading, with some European buying detected around
        211 words
      • Article
        London
        170 9 THE US dollar eased from its overnight highs as technical selling and profit-tak-ing developed in Europe yesterday morning, dealers said. The dollar opened at 1.7320/30 marks and 1.5925/ 40 Swiss francs after late Hongkong quotes of 1.7338/ 45 marks and 1.6010/40 francs, and after New York overnight closings of
        170 words
    • Article
      Lock icon Howe to hold up money control policies
      262 9 Reuter UK CHANCELLOR oC the Exchequer Geoffrey Howe said he hoped the recent •rise in UK minimum lending rate made it clear the government is earnest about its monetary control policies. He told a British Institute of Management meeting that he suspected some
      Reuter  -  262 words
    • Article
      BONDS &LOANS
      249 9 THE European Investment Bank will float a bond on the Austrian capital market in mid-December, primary market sources said here. The amount will probably be 500 million schillings and although other terms are not yet fixed, current market conditions would indicate a 10-year life for the bond and
      249 words
    • Article
      Mark likely to remain firm against dollar
      455 9 THE German mark is likely to remain strong against the US dollar and the European Monetary System (EMS) currencies if the German authorities continue maintaining their tight anti-infla-tionary stance. The Iranian crisis has also served to deepen the dollar's weakness and this together
      455 words
    • Article
      Lock icon US credit markets are within trading range
      883 9 NYT TWO months have passed since the Federal Reserve surprised the fixed-income markets on Oct 6 with its move to restrain the expansion of credit. Interest rates soared to record highs'and then descended to less lofty levels; now they seem likely to behave
      NYT  -  883 words
    • Article
      Lock icon US$ intervention
      407 9 Reuter THE FEDERAL Reserve and US Treasury sold US$4.l7 billion (559.10 billion) equivalent of marks and $44.2 million of Swiss francs from August to early October in exchange market intervention, the New York Federal Reserve bank said. But the US was able to stop exchange market intervention when
      Reuter  -  407 words
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Page thumbnail Page 10
  • Article
    BUSINESS DONE ON THE SES & THE KLSE
    1310 10 BUSINESS DONE ON THE SES THE KLSE 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. SECTION ONE INDUSTRIAL COMMERCIAL Acma (2.328 2.368) (3)
    1,310 words
  • Article
    Unit trusts
    146 10 SINGAPORE UNIT TBU8T sd tar Dee INCOME BOND UNIT Mm] Invest Fund 2.32 2.44 (Cureat prl tees) 1.22 Mai Prog Fund 1.20 126 Income Bond 1.1S Mai Security Fund 122 lJB Mai Berjaya Fund 118 124 MABA BI MIPITBA (Managers' prima First B'putra Second B'putra tar Dee ASA
    146 words
  • Article
    SHARE INFORMATION SERVICE
    2658 10 1978 Gr'» Gr's Net Last Div Div Y'ld P/E Vol Dav High Low Company Sale or- Cvr (000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 AcmtL 232 2 15.0 2.2 6.4 114 4 232 230 196 123 Alcorn 196 10.0 1.3 5.1 26.1 148 110 Allied
    2,658 words
  • Article
    In Kuala Lumpur
    1543 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. INDCSTBIALS 4rma (2.298) Alcorn (1838 1.855) Ales HeW (1.2K8) AMD (0.588 0
    1,543 words
  • Article
    COMPANY BRIEFS
    244 10 KUUM (Malaysia) has accepted rights for 12.96 million shares in its one-for-five rights issue of 11.30 each. There were excess applications for 3.19 shares against an actual excess of 847,466 shares. Kulim will allot one excess share for every four excess shares applied for, the balance to be
    244 words
  • Article, Illustration
    Downdrift in scattered, quiet trading
    791 10 PRICES aaderweat a stow dmdritl ta filet ud seat* tered tradlag m the Stock Ezchaage d Hhppiff ymMqr. After i sbart balHah spell wbea dm} secaad ttaen had bees takes ap slgaiflcaatly, taveaters aad ipeti katars were appareatly haviag secaad thaaghts er awalttag a freah
    791 words
  • Article
    Oil price fears kill confidence in K. Lumpur
    466 10 SHARE prices closed slightly easier in another session of dull and quiet trading on the Kuala Lumpur Stock Exchange yesterday. Dealer were generally uncertain. Confidence fell following reports of a possible "substantial" increase in oil prices when Opee meets in Caraces on
    466 words
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  • COMPANY NEWS
    • Article, Illustration
      GOOD LOG PRICES PROP UP JACK CHIA-MPH
      766 11 IMPROVEMENT in .log prices has continued to boost profits for the welldiversified Jack Chia-MPH group. At the interim state, the pre-tax profit of $3.7 million for the group has more than doubled the $1.8 million achieved in the previous corresponding period. Profit after
      766 words
    • Article
      Supreme Corporation banks on property sector's earnings
      1096 11 SUPREME Corporation expects a substantial shot in the arm from its property earnings in the current year, judging from its latest annual report. A pre-tax profit of $9 million for the year ending June 30, 1960 has been forecast (in the recent rights
      1,096 words
    • Article, Illustration
      Lock icon Why bar the press?
      582 11 as HOCK LOCK SIEW ALL TOO OFTEN, shareholders just do not bother to attend meetings called by public companies, no matter how important these meetings may be. This highly deplorable apathy on the part of shareholders is so common that it has come to be taken
      HOCK LOCK SIEW  -  582 words
    • Article
      Tongkah to revamp Thai operations
      196 11 TONGKAH Harbour Tin Dredging Bhd, a member of the Malaysia Mining Corporation (MMC) will transfer beneficial control of its mining assets and operations in Thailand to a Thai incorporated company soon. The move is being carried out to satisfy the Thai government's requirements for the
      196 words
    • Article
      DIVIDENDS ANNOUNCED
      417 11 Cnrraat Bx Book* Data Total for Total for ParMit Date Cloee Payable tke year Previous year PM Hides 7.5*1 Nov 30 DtcT Dec 17 7.5* 125* C Siftrt 10% Nor 30 Dec 11 Dec 21 15* 12* Itl A Paa 10*1 Nor« DecB Dec 21 10* 224* UIC
      417 words
    • Article
      SCRIP ISSUE
      107 11 Cob pa ay Particular* Kx Date Books Cloaa Pub Text MUIad SKA Con Ttatrlok 8haaf ri-La Bonus Issue of 1 for 4 Bonus Issue of 4 for 9 Bonus Issue of lfor 1 Bonus Issue of 1 for 1 Bonus Issue of on* for five DecS Dec 11
      107 words
    • Article
      RESULTS DUE
      198 11 Date Last Pall Yea r Company I Ported Aaaeaaced Net EPS Greai Pre-tax last year (eea to) Dtv. <%> Pnflt <$*••> Metro I 13/12 27.3 12.0 7,773 UtdMal I 15/12 30.9 30.0 5,492 BKatU I. 18/12 52.4 25.0 967 M Cement F 20/12 1.6 22.5 5,300 B Semb
      198 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      82 11 ""YOUR CHILDREN Tk'Stnutsl lines BUSIGJAL OOUECTOK-lUr. •J®- ?tL **&*•W-» cou lMy our way of M« 1 I i 1/ r HEt iiHi ifrfs&tssßi CPACECRAFT I «w% Unnrt Cotrttr uri ;<i y tiwhah ruA&t AuYU6«rf> HAjggggg Great Space Battles s. Pill v, e r II HM)N K > &ORHAN V»tW A.:
      82 words
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  • Article
    Lock icon China granting loan priority for joint ventures
    208 12 AFP CHINA has taken new measures favouring Chinese-foreign Joint enterprises by giving them priority in the allocation of loans from one of its investment banks. The People's Construction Bank of China made the decision during a recent meeting in Beijing, New China News
    AFP  -  208 words
  • Article
    China's debts may obstruct privileges
    103 12 CHINA'S unpaid export-im-port bank debts could raise obstacles to Congressional approval of trade privileges for Beijing, a key congressman said. Democratic representative Charles Vanik of Ohio, chairman of a house of representatives subcommittee with jurisdiction over "most favoured nation" trade legislation, raised the issue in
    103 words
  • Article, Illustration
    Lock icon IN QUEST OF PROSPERITY
    74 12 THESE fenr yonng illegal Chinese immigrants are among the many thtimailn that have been eanght trying te sneak into Hengkeng in search of prosperity. They were spsftted aboard their inflatable craft by a Hengksng Marine Police patrol last msnth and sent baek te go far this
    Source: UPI photo  -  74 words
  • Article
    Sats modernising with computers
    432 12 THE Singapore Airport Terminal Services (Sats) is modernising and computerising its equipment and operations to improve overall services and increase productivity. The December issue of the Singapore Airline group's publication, Outlook, said another Sats strategy is to reorganise work practices so as to make the best
    432 words
  • Article
    The formation of VITB
    339 12 THE MOST important event for the Industrial Training Board (ITB) in the fiscal year April 1,1978 to March 31, 1979 was the merger with Adult Educational Board to form the Vocational and Industrial Training Board (VITB). According to ITB's annual report 1978-1979, the merger "reflected the
    339 words
  • Article
    Lock icon Australian airline can go ahead with purchase
    172 12 AFP A MAJOR Australia*! domestic airline was yesterday given government approval to go ahead with its purchase of four widebodied A3OO B4 European Airbuses. The government will guarantee Trans Australia Airlines (TAA) loans to buy widebodied jets ahead of its commercial competitor, Ansett
    AFP  -  172 words
  • Article
    Shippers expect accord by June
    607 12  -  By SOH ENG LIM MALAYSIAN shippers of Trmw rubber expect to complete discussion on a new separate merchants' agreement for British and European ports by next June, in time to succeed the existing agreement with the Far Eastern Freight Conference (FEFC) which expires in August.
    607 words
  • Article
    Lock icon Rotterdam spot oil falls to US$39 a barrel
    192 12 Reuter THE JAPANESE Ministry of International Trade and Industry said information which it has obtained from various sources show that crude oil prices on the Rotterdam spot market have fallen to around US$39 (about SsB4) a barrel for Iranian light from $41.75
    Reuter  -  192 words
  • Article
    Lock icon Oapec rift over pricing of oil
    538 12 Reuter RADICAL and conservative oil producers appeared divided once again on how high oil prices should be raised next year and what role, if any. should be retained for the US dollar in oil pricing. But Saudi Arabia's powerful Oil Minister Ahmed Zaki Yamani
    Reuter  -  538 words
  • Article
    LONDON STOCKS
    831 12 LONDON, Wed. Share price* drifted easier in quiet trading on lack of Interest, dealers said. They added that the rejection by miners at a national strike had largely been discounted. At 3 pm, the ■FT index was down 3.6 at 4197. Earlier in the day attention was focuswd
    831 words
  • Article
    Telecoms planning a fully electronic network
    151 12 THE Telecommunications Authority of Singapore is considering a fully electronic network in its longterm plan. Disclosing this at the opening of CommunicAsia 79 yesterday, Minister for Communications Ong Teng Cheong said the current oil shortage makes it imperative to use electronic equipment to cut
    151 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      71 12 NOTICE To the holders of the floating rate US. Dollar Certificates of Deposit due 9th December. 1962 ofi THE SUMITOMO BANK, LIMITED Ground Floor, DBS Buflding eShenton Way, Singapore 0106 We hereby certify that the rate of interest payable on the above-mentioned Certificates of Deposit for the Interest Period beginning
      71 words
    • Advertisement
      Page 12 Advertisements Column 2
      157 12 Wendy Hutton's ....more than just a cookbook! Here, for the first time, is a local cookbook that fives you more than just recipes. More, i- U. .pi Lkif A! too, Iran ion of rjscvuonf and relevant inforrrution about Singaporean nftdcnts and cooknf methods. Swgapore Food is unique because n puts
      157 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      64 12 iWEATHEROutlook for Singapore from 6 a.m. to 1 p.m. today: Cloudy with showers in the early morning. Report for 24 hoars prior to 7.31 p.m. on Dec 5 at the airport. Maximum temperature 30.5 Associated humidity 70 Minimum temperature 23.3 Associated humidity 100 Hours of sunshine 2.15 Rainfall in millimetres
      64 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Ship conversion
        117 13 UPI OVERSEAS Containers Ltd (OCL), the largest British shipping operator, has placed basic orders with two Japanese dockyards to convert the engines of five ships from steam-turbine to diesel power units. An official of Ishikawajima-Harima Heavy Industries of Tokyo said the firm had received a letter of intent
        UPI  -  117 words
      • Article
        Coal carrier orders
        82 13 KAWASAKI Heavy Industries Ltd and Mitsubishi Heavy Industries Ltd said they have received orders to build a total of four coal carriers for Hongkong and Norwegian owners. Kawasaki will build two 127,900 dwt carriers worth about 14 billion yen (Ssl23 million) one each for Hongkong's Kings Bridge
        82 words
      • Article
        Pakistan buys British
        65 13 PAKISTAN has purchased from Britain three ships of 80,000 dwt each valued at a total of about US$2 billion (554.16 billion). Under an agreement signed in Karachi on Monday between Pakistan's state-owned National Shipping Corporation and British yard Austin and Pickersgill, all three ships will be purchased
        65 words
    • Article
      US Lines stops feeder service to Singapore
      588 13  -  By HSUNG BEE HWA UNITED States Lines, an established operator on the Far East-US route, will be terminating its feeder service to Singapore by the end of the year. A spokesman for Sealion Shipping, its agent in Singapore and Malaysia, said the firm
      588 words
    • Article
      INDEX TO ADVERTISERS
      570 13 SUpfrtag Liae o Adriatic IV 5 Afea VI a Alfred CTS IV 5 All trans VI 5 Alpac VI 5 Angkutan VI 4 ANL I 1 APL m 4/1 Argentice IV 4 Arya Nat vm 1 ASCL m 1 Asia America IV 5 Asia Merchant IV 5
      570 words
    • Article
      China to strengthen its shipping activities
      480 14 CHINA has strongly requested Japanese shipping companies to hire and train Chinese seamen. lino Kaiun Kaisha, one of Japan's leading shipping companies which complied with this request, intends to use Chinese seamen on a regular basis on its Middle East runs as of this
      480 words
    • Article
      MacGregor secures orders
      251 14 MACGREGOR CMnnii SA reeeatly was ■atuarfnily la the leader (er the deslga and supply of cargo access eqnipmeat to two Ramaalaa shipyards. The Paris-baaed offlee of the lateraatloaal MacGreger orgsainatloa will he sapptying the Galats aad Maagalia shipyards ro/ra eqnipmeat, hatch covers aad hydraulic aad electrical operattag
      251 words
    • Article
      Container Schedules
      942 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL 7 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 during the
      942 words
    • Article
      LONDON FREIGHTS
      1528 14 EASIER undertone continued In the North American grain section with cargoes fixed from Northern Range to Corunna and Seville at US$22 fio for December and from Northern Range to Alexandria or Port Said at $38.38 fio for January from US Gulf to Alexandria or Port Said at $40.35
      1,528 words
    • Article, Illustration
      Malaysian yachts to be displayed at boat show
      759 15  -  By G Durairaj CLASSIC yacht* designed and built in Malaysia will be put on display at an international boat show in Dusseldorf, West Germany in January. One of the most recent and popular models which will be displayed at the show, will
      759 words
    • Article, Illustration
      SHIPS IN PORT
      445 15 EiFHim ARRIVALS TODAY KEPPEL WHARVES Bagh-E-Dacca (1600) 10/11 Bunga Mas (0600) 19 Chosei Maru (Ro/Ro) (2300 after Centaur) 1/2 Dove (Tanker) (after Kapitan Izotov P/O, subject gas tree) 15/16 Kai Hua (0700) 44 King Tower (after Temburong) 22 New Dolphin (0700) 35/36 Pabloeverett (0100) 13/14 Yin Chuan
      445 words
    • Article
      SHIPPING LIST where your ships are due...and when
      4310 19 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 snip, the shipping line involved and the estimated dates of arrival and departure from the Port of
      4,310 words
    • Article
      Dramatic rise in yard output
      689 20 DOCKERS on the container berths at Southampton port have, over the last six moyths, boosted productivity by almost 40 per cent. The dramatic improvement in performance, which started last May and sustained through the summer, follows three years of industrial unrest when productivity slumped to
      689 words
    • Article
      SHIPPING MAIL
      463 20 AS A Sabahaa, I read with great interest aid a eertaia ameont d apprtheari— G Darairafs re pert if Nevember 21, ea Malaysia's cabetage law. He reperted: "The temperary lieeaee, ea ether haad, will he givea te these whe da aet pcsfess ta register their eempaaka aad vessels
      463 words
    • Article
      WORLD SERVICES
      396 20 ■vspa-M 8m: The newly f»sta Wished Jordan National Line to operating a regular liner service between the Middle East and ports In northern Europe and UK. Calls are centred on Aquaba and Jeddah. Other parts are accepted on inducement. The 7,171 dwt Pltri* Sky made the first —mug
      396 words
    • Article
      WHO ACTS FOR WHOM ...
      1364 20 WHO ACTS FOR WHOM The leading shipping lines operating from loeal ports and the agents who handle cargo bookings for them. A-B 1 Adriatic Cwrtiltf Container Feeders (S)/Cargo Freight (PK). AFEA Singapore Shipping Agencies (S)/Euro-Asia Line (PK/PN). Alfred C. Tsepfler Intermodal (S)/Marintez Enterprise (PK). Alfred C. TsepCer SeMffahrt New Orient
      1,364 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      306 13 TANK CLEANING Whether you are sending it to the DOCKYARD for repairs, the SCRAPYARD for scrapping or making a CONVERSION consult: PIRAftJS MARINE SINGAPORE PTE LTD J \KI)I\1 I All m Orient Overseas Co*dcu*tesi Line FULLY CONTANOEED SERVICE TO EUKVE (VIA SUEZ) CMMCQNTMBI4M S. SEAS BHDS 24* «rn*coML ltw KQKJM
      306 words
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      Page 13 Advertisements Column 2
      296 13 sate SEALORI) ANTAf I m UASC UNITED ARAB SHIPPING CO (SAG/ ARABIAN GULF |,J WEEKLY MULTI-PURPOSE SERVICES S pore J loading for Kuwait (20/12), Shutba (23/12). Dammam (26/12), Doha (29/12), Abu Dhabi (1/1), Dubai (3/1) Muia Qaboos (29/12), Dubai (1/1), Doha (3/1), Dammani (6/1). Kuwait (10/1) FULLY CONTAINERISED SERVICE AL
      296 words
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      Page 13 Advertisements Column 3
      451 13 &NOL NEPTUNE ORIENT UNES LTD fflß EAST EUROPE FULLY CONTAINERISED SERVICE Spore P Retanf Kawe Kim r stove Htwr( Br en Averp H A CONTAWR+ 90k10 0k 28 Ok 29 Ok 31m* 310k Stan Stan C CQNTMCR 18 Dk 19 D* 6 tan 7 tan I tan 10 tan 11
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      Page 13 Advertisements Column 4
      473 13 HON© KONG ISLANDS UNE I»CR SERVICE FOR FAR EAST MDOLE EAST ft AFRICA TAIWAN ft HONG KONG AUSTRALIA See Pap VI Column 3 for SoiMnfs SINGAPOHf SHIPPING AGHYCHSPff IT L) VAWHtHV, *****? Gf*t RAI 9HIII V V.J f UHO ASIA I t\f SOS BHO C I 4?9b47.p MA%O *****1 3•P»
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      Page 14 Advertisements Column 1
      421 14 LEO SHIPPING PTE LTD SINGAPORE PERNAS-MISC SHIPPING AGENCIES SDN. BERHAD. P KFIANG PENANG i' m MALAYSIAN INTERNATIONAL SHPHNG CORPORATION BERHAD EXPRESS FULLY CONTAINERISED SERVICE HEAD OFFICE: WISMA MISC TEL: NO: KL *****8 TO/FROM MED/UK/CONTMENT/SCANDINAVIA Mm Far 1) Barcelona. Genoa. 2) Amsterdam. Antwerp, 1 Havre. Bremenhaven. Aarhus. Copenhagen, Helswti 4) Maimo.
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      Page 14 Advertisements Column 2
      192 14 BBS SUPERCARRIER SERVICE WEEKLY SERVICE FROM US ATLANTIC/GULF AND E. CANADA MM Saab It On MmM OTM hM ML H Vat St la mma m urn MM MM MM 1/12 9/12 12/12 16/1 *19/ TNJ9MM 15/12 20/12 22/1 20/1 MMB TOM 7/12 1/12 16/12 18/12 22/12 23/12 27/12 1/2 4/J
      192 words
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      Page 15 Advertisements Column 1
      599 15 Overseas II I Containers Limited Weekly service to/from UK/Europe 1 SOMCE TO UK/COHTIOT: c>r m i SMGAPOOE: K LUMPUR: PENANG: MANSFELD CONTWO SERVICES, PIE LTD *****1 CONTAIO MEMOES 4*4544, PJELANG *****6/S BOUSTEAD SHPPM6 AGENCES SON WD *****1/3 Australia Straits Container Line (A member of ANRO) Ro-Ro Container Service To/From Australia
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      Page 15 Advertisements Column 2
      439 15 m Franco Belgian Services -F. rF, r, >. N< n 1(< If'. />< ,m»; r sr»: i»:< smgafore p. kelang uhm r«M trtmt bpw t'm rM» h-m* r» HJL CONTAIN IOK 10 0k (1m 7 Im* 10 Im 11 Im 14 Jm N CORAL ato 21 to 221 C CONTMO
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      Page 16 Advertisements Column 1
      581 16 yKHapag-Uoyd FVUT CMT! Umpmt Bay Um* Hani My* Bit (Ma Eifrtti CartfcMßay C*T tfEMtf ImiHn TOBMK oratis at Mm EVKSS CONOmOML TO EUMK rpn hm HmMM 10/12 15/12 22/12 5/1 22/1 20/1 16/1 14/1 24/12 20/1 13/1 31/1 21/1 25/1 23/1 ■ctam 7/1 »/l 11/2 J/2 6/2 3/2 Mri fclwi
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      Page 16 Advertisements Column 2
      520 16 <t> cn a n a. >- > a Aii;pri.u' S ition.il i IPIM— -w STCK +B6XRA (1979) h Pari KL MB (1979) 17 Dk BECHAR (1971) a toe EAST 80DHP II PJUJWK LOMMCFOt Mr/liWtM/M/ Mgm nDk U*H Sato/Mncfc/Ta*/ Mgm 31 Dk l«0»ra/S«ta/V*Kk/TB*/ +DOURA (1971) 15 im 13/14 km Mt/YrtalMM/Mp +KKRA
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      Page 16 Advertisements Column 3
      371 16 EVERGREEN LINE £R f 5 T FUP* Pt f *PRiSS MJU CONTAiNf R St RVICI 1 ACC£PTH6 CMGO FOR: MM antmrp, Lf havre ALSO ACCEPTWG CARGO FOR: FELIXSTOWE. ROTTftOA* SOUTHAMPTON ONOON, MANCHESTER. BMMMGHAM. WSTOL LIVERPOOL GLASGOW. LEEDS WEST GERMANY HOLLAND AMSTERDAM (Mr Mm S tec It tec 11 tec 1
      371 words
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      Page 16 Advertisements Column 4
      704 16 Everett Lines/ 6 fM S r*M Por I LOAD R PATAGOMAA If Baraa Five Star Skippwf CorpH. ■'BURMESE NATIONAL LINE" LOAMIG FOR RANGOON M*| P"M to Nrt/I Ok sm*) ~7/IIDk 11/14 toe BfS S C Am«i in Malayan TEPS MALAYSIA I Kalong Tal (38V7355 Panong Tal *****/***** ditmpMN* ArfMtina Dt
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      Page 16 Advertisements Column 5
      470 16 rmo.s.E.l OCEAN SHIPPING ENTERPRISES PTE LTD RM 2 102 2 103 21ST FLOOR MARINA HOUSE SHE NTON AAV MISTRIROAD SINGAPORE 2 TEL *****44 7& *****70 O SANKYO LINE LIA SERVICE 11/21 OK 24/25 OK STD. KL. MEL 23/25 OK 21/22 OK MS. STD. KL. MIL ST. LOUBG OCEAN PIE BANGLADESH
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      Page 17 Advertisements Column 1
      547 17 v»\ PIL GROUP EAST AFRICA/REDSEA SERVICE COLOMBO/KARACHI/P. GULF SERVICE 25/31 Ok 7/12 Ok 5/11 Jai Bavah Onto. Kuwait. Karachi Dubai. Kuwait Karachi kota pctan tun dk HOT* MM 15/21 Dk Karachi to. Karachi SING APORE/CHITTAGONG/RANGOON/SERVICES Chittajom. Madras. Rangoon SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES SINGAPORE/INDONESIA/SINGAPORE SERVICES Pakistan National Shipping Corpn. Karachi Pan Islamic
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      Page 17 Advertisements Column 2
      685 17 r T yj BEN LINE CONTAINERS "I toomm S part P. Mm| W Smwmt/kK 11/12 21/12 a 12/12 VI ivu VI 21/12 1/1 1 22/12 7/1 k »/12 IVI 1 21/12 »U 11/1 2 vi a/i i VI 2VI 1 11/1 IVI V 2 21/1 2VI >V 2 1 kmc
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      Page 17 Advertisements Column 3
      364 17 Scan Dutch 9 I rTTi ft ;Ii M-U ii> i\i ni >:n: >> t»it.' '7i»i :#i: 11/12 11/12 SSsSSI 21/12 K&.KJM I 2/1 ■ft how I .vr -rr m m S9 t r~ 7/12 kM M/U 12/12 IB' mm Mi hM kM U/ll 24/12 '»/u 7/12 1/12 M/U 12/12 U/12
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      Page 17 Advertisements Column 4
      380 17 BOUSTEAD SH,PPING AGENCIES THE BANK LINE LID. LOADS FOR E. ft S. AFRICA hut am (IMMLMKC Pt Ete. t Lmtm) Sport 11/10 Ok P. LVKES ORIENT LINE UJ. GULF COAST SERVICE (Now Orleans, Mobfle, Houston, Galveston) P.l*| Kn*» IBS* MAIIORT LUES (*di I ha*) 23/25 Ok 7 Nfe U.S. WEST
      380 words
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      Page 18 Advertisements Column 1
      800 18 K LINE KAWASAKI KISEN KAISHA. LTD. TO MONTH AMERICA feekrwsels* n aonoKsau re u x «r h-nfcM M 11/12 Ml. a/12 7/1 UatSabßrißp 29/12 VI Dafta Ac* 14 11/12 It/12 Seta?!!* *5/1* IS/1 uhmmp a/12 i/i VaraoM BM|f a/12 22/1 Cfcptr Act 14 15/12 11/12 tmmka Kn VI IVI VI
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      Page 18 Advertisements Column 2
      462 18 E.C./CREAT LAKES Fat; m* im. nnu. raw CAUFORNM/PACFIC NOUN WIST SttVKE lM*| tar LOS ma SM FUMCSCO. JUTTU. TACONA. —CBWP. IX. EXPRESS CONTANER/CMVENTMIAL/ REEFER SERVICE fMM( t UM| SMmt« L Aapki MKAUMT 14/1 /Am 11/ It Jm 20/71 Jm Iff* nmmr a/Bf* 23/24 f* n/n F«t 24 m» AUSTRALIA SERVICE
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      Page 18 Advertisements Column 3
      309 18 h > i*€ >111 > SINGAPORE SHIPPING AGENCIES PIE LTD V i s ar> m t. L ii'Tinul Container Lines A EtKL* CONTAINER SERVICE to/ from BANGKOK 14/17 Nc 11/hbk OSRLIMES •I HONG KONG ISLANDS LINE I Mff *AH»AST SNID(X t AS' KA»MU A 'A /WAN K M()N(, AoSTMAtI AFEA
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      Page 18 Advertisements Column 4
      511 18 GRAA/ARD LINE RED Sffl MEDITERRANEAN SERVICE ij*. fSi 5"" SSSJIT 1 Klr- Jeddak/P.Said/A WW. Ml.- nH/fmmt*, Bervt/lattaku w am ra bit kM I Dec 310K B«an/Metant'Hong Konf ttecJufpn only Yokohama/Bosan Mi. (MNEO VESSELS Granard Shipping Agencies iS Pie i!fl Te! ??***** 5 Cir.es» 3 i T'IC.HJ Sdr. H>ia ft, iSh
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      Page 18 Advertisements Column 5
      453 18 INTRASEA (PTE) I.TD 1 tN" House 23«5E OK h.vd Ooac 3 T pieohon<> 2 i"-. 11 r s 40 >" loaAsiAim REGULAR INDEPENDENT SEMI/FULL REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S>m SaM hPart hPart IDec BooiocM/Am/TAMry BITRASEA (FIT) 110 2352(11 BOOKM6 *****5/ TED SHMBfc I TRADVK *****4. *****2. 4IK7t
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      Page 19 Advertisements Column 1
      245 19 UNI-OCEAN CONTAINERS (PTE) LTD w UNCON VIOS UNCON VIIS UNCON VI2S UNCON VI3S rr SPORE 5/6 Dec 14/15 Dec 23/24 Dec 1/2 Jan JL sair i*f m JAKARTA 8/8 Dec 17/17 Dec 26/26 Dec 4/4 Jan Bookings: 14th FIR. UMBO BLDG. MALACCA STREET SMGAPORE 0104. TEL- *****8/ *****4. Tetex: R*****4
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      Page 19 Advertisements Column 2
      178 19 SOON SENG GROUP Regular Service To Cast M'sia VessH PKlanf Spot FONG SIAN6 10 Dec FONG SOON 10 Dec Kudnt/Slw KK/STun KUALA lUMPUR Soon Senq Shipping San Bh<j t r v. i, I POBI KUtHI: MNI.XPOOf penang lehcot'ad Shipiwrg Soo Hup S«ng '$5 Victor.j St'W T«! 04-*****/2'618 CaQ>e SU T
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      Page 19 Advertisements Column 3
      314 19 I DONG SUE LINE EXPRESS FULL CONTMNER SERVICE BY KOREAN FLAG ta.MM.S/71 11/ÜBk »/2SD*c »/M Dot 1/1 bo CURT V.l/N liyUJt |22J» 25/2* too a/29 Jm EXPRESS CONVENTIONAL SERVICE TO KOREA BY KOREAN FLAG VESSEL DONE MM *14 DONS TUN ¥-20/21 KAENARYV.iI DMBI 14/15. DONE TUN V.l 29/23 Dk S"pore
      314 words
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      129 20 LI ■T* s k ft. £< M V I v*" > > combines the visual detail and excitement of an atlas with a full scale narrative of world history from the earliest times to the present day. Planned for the general reader as well as the student, it is the
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      221 20 Wssm ?itt i»i is %m :•:;>»>:;• :#S.¥:&: :vB£«-:%x '<•: .v>x*x<v:¥:Sk:¥&:-¥:¥;: xwvn >:•:•:•:•:•:•:❖:•• •.•xx*x x* vX-XvXXxx-v x X vSvXvX-Xvx x-xx>xx;.* I xx-x :i®x :> mvx 4 < y-« WM 3 >< I I L i I ■>:«&¥» -x x-v>v :.v: m A I l ¥i¥ :V¥:: Mill! >*: < v>: WO2
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