The Business Times, 27 October 1978
1978-10-27
1
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The Business Times
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Title Section11 1978-10-27 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, OCTOBER R, lfH 50 CENTS11 words
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BRIEFLY...
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Article74 1978-10-27 1 AP KUALA LUMPUR, Thurs. Straits tin price jumped to a new record high of M 52,030 per picul today from yesterday's $2,010, the previous record. The upswing was attributed to heavy demand, short supply and failure of the United States to pass two Bills on supplying 5,000AP - 74 words
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Article77 1978-10-27 1 AFP CANBERRA, Thurs. Australia claimed today the European Community was breaking its contractual obligations to the UN-sponsored General Agreement on Tariffs and Trade (Gatt) by dumping subsidised sugar on world markets. The special Trade Minister, Mr. Vic Garland, told Parliament today that Australia had complained at the GenevaAFP - 77 words
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Article55 1978-10-27 1 Reuter TOKYO, Thurs. The governor of the Japanese central bank, Mr. Teiichiro Morinaga, today welcomed President Carter's latest anti-inflation measures hours after Japan's Prime Minister, Takeo Fukuda was reproted to have criticised the measures. The Carter measures showed the US Administration was now concentrating on winning the battleReuter - 55 words
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Article58 1978-10-27 1 SEOUL, Thurs. An influential business organisation in South Korea today called on the government to delay full-scale import liberalisation from the currently scheduled 1982 to 1985. The Federation of Korean Industries said in a report that measures to strengthen international competitiveness of domestic industries should be implemented58 words
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Article70 1978-10-27 1 Reuter LONDON, Thurs. The Hongkong dollar strengthened here on news of a rise in Hongkong banks' best lending rate but quickly lost most of the gain in fairly active trading, dealers said. The Hongkong unit firmed to 4.7430/50 per US dollar from 4.7480/90, but then dropped back againReuter - 70 words
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Article60 1978-10-27 1 Reuter KUWAIT, Thurs.— Although the US dollar isplunging daily on the world's money markets, top Arab officials and bankers are still convinced that the US currency will ultimately come bouncing back. Confidence in the dollar has often been expressed by senior Arab officials, from Saudi Crown PrinceReuter - 60 words
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Article52 1978-10-27 1 UPI NEW YORK, Thurs.— Prices sought direction on the New York Stock Exchange today in moderate trading. The Dow Jones industrial average of 30 industrials was ahead 0.78 to 830.99 in the first hour of trading.Declines led advances, 812 to 262, among the 1,481 issues crossing the NYSEUPI - 52 words
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Chief Price Changes
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Article133 1978-10-27 1 Rises Most active G E Life 1200 +367 U O L 690,000 611,000 Sungei Besi Tronoh Minn 660 770 +70 +20 S Darby Nat Iron 660 20 H Par 407,000 MTC 420 18 M Credit 250,000 Guthrie 171 11 Total Turnover: 4.47m £traits Trading 630 10 Total133 words
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Article, Illustration150 1978-10-27 1 Rises Most active M Brew Sg Besi 645 690 95 30 S Darby M Credit 564.000 410.000 280,000 Guinness 585 20 H Par Tronoh 785 15 UOL 131 om Kempas 420 14 Total Turnover: 3.07m N ST 494 14 Total Value MJ8 44m Island A Pen CC150 words
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Article716 1978-10-27 1 QUEK PECK LIM - ONE UP ON UOB By QUEK PECK LIM THE BID for control of Singapore Finance Ltd has heated up once again with the announcement that Hong Leong Finance, one of the company's two suitors has come back with a significantly increased offer. The716 words
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Article236 1978-10-27 1 THE US DOLLAR was sold to a new historical low against the Singapore dollar on the foreign exchange market yesterday Openttg at 2.1150/60 against the local unit, the American currency was traded at one point to a low of 2.1140/50. < At one stage too,236 words
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788 1978-10-27 1 SIVA ARASU - By SIVA ARASU THE TALKS between Singapore and Malaysia on a new air services agreement have been grounded. The next round, the seventh, is expected to take off in January in Kuala Lumpur. Singapore will then give its "considered response" to the Malaysian788 words
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268 1978-10-27 1 SINGAPORE Land has eMrtnuM to sell eae af Its ehaieest naidiattol preportha to Law Keag ■■at DevetopaMat far Ike toad, wtoeh Yrhan to Slagapare Laad's whally*waed aahaMiaiy, laterspex Services Pte Ltd, b ritaatod htow Unit Bead ami Ctaay Baad to Dtatrtet It. TUb268 words
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521 1978-10-27 1 SINGAPORE Airlines may have emerged as one of the primary beneficiaries of Japan's efforts to cut down its embarassingly huge reserve of US dollars. Officials of the national carrier and a syndicate of nine leasing and trading companies are planing to521 words
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Page 1 Advertisements
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Advertisement6 1978-10-27 1 COPIES ANYTHING. FITS ON A TABLE-TOP.6 words
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Advertisement187 1978-10-27 1 Your link to world markets When the world is your market vou'll need a bank with international capability and service to handle your dealings efficiently and with a minimum ot tuss. Whatever your requirements and wherever your business take you, we've got the right connections for you Whether you need187 words
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Advertisement58 1978-10-27 1 SHIPPING TIMES PEOPLE la twlf I FTTFR U Mlitar gIWOAPOEE'g prtrawce ITT r: HOW IS Date* Baby Mag n cart, may be TYPE «f veatarea by EMPLOYMENT to mare tfcaa 5 12 glvlag a j»b market 7. lt MEMOP AD t, CROSSWORD 2, AIRCRAFT SCHEDULE S, TV RADIO BRIBTOW 1,58 words
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Advertisement99 1978-10-27 1 ST SINTAT Rent-a-Car PtstmaiiONS Singapore *****55, *****5 (Airport) Kuala Lumpur *****4 Peoong ***** Kuonton ***** Catch the super speed special from Oc6 J o° Oce-Hagemeyer has a real special from Holland. After tremendous success in Europe and America, the Oce 1700 is now introduced in Singapore. Revolutionary flasn exposure combined99 words
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TRADE AND INDUSTRY
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602 1978-10-27 2 SINGAPORE came in for lavish praise from the US embassy here in its semiannual report to American businessmen. The well-oiled machine that is the Singapore economy continues to tick along nicely. The nation remains politically stable as it continues to work its economic wonders,602 words
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Article86 1978-10-27 2 THE US administration is considering a number of approaches to meet its commitment under the International Tin Agreement after Congress reconvenes in January, State Department officials said. The US will most likely continue to prefer a contribution of up to 5,060 tonnes of86 words
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Article68 1978-10-27 2 SHANGRI-LA Hotel in Singapore has added a health club to its facilities and services. The club incorporates gymnasium, hydropool, steam, sauna and massage services for house-guests and club members. Membership of the club is now open. Key personnel in the health club are manager Barry Mann and68 words
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Article, Illustration119 1978-10-27 2 MR Tu Bak Nam has been appointed a director of Malayan Motor and General Underwriters Pte Ltd which is a subsidiary of Haw Par Brothers International Ltd. Mr Tan, who is also the secretary, has been with the company since 1956. Mr Lim H* Kee has been119 words
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Article75 1978-10-27 2 MR. PYRY Ruokonen, general manager of Oy Wartsila AB, Abloy Division, the Finnish manufacturer of security locks, will be arriving in Singapore on Monday to have discussions with security personnel from commercial, industrial and government bodies. During his three-day stay here, Mr. Ruokonen will also hold75 words
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283 1978-10-27 2 THE diversification of the timber industry in Sabah and Sarawak should be done on an integrated basis so as to maximise log utilisation Using current milling methods, only about 60 per cent of the sawn timber produced is fit for export. The remainder is283 words
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122 1978-10-27 2 AP TRADE between Japan and China will reach a record high of US$5 billion (5510.5 billion) this year as China goes ahead with its industrial programmes, a semi-offi-cial report predicted. The Japan External Trade Organisation (Jetro) said that trade between the two countries for theAP - 122 words
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Article, Illustration65 1978-10-27 2 LET'S HAVE SOME MUSIC AUSTRALIAN Prime Miilrter, Mr.Malcelm Fraser, (left) and Deputy Prime MUster, Mr.J.D.Antheny, Inspecting a made-in-Singa-pere computerised ergan at the Aseaa Trade Fair la Sydney. It is being shewn by Mr.Vleter Tan ef Industrial Eleetreaies and Engineering. There are ever 159 exhibitors at the trade fair, the first65 words
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Article555 1978-10-27 2 THE WORLD Bank and the UN Food and Agricultural Organisation (FAO), in a joint study of the world rubber economy, have predicted an exceptionally bright future for the natural rubber industry vis-a-vis synthetic rubber. The study, completed recently, was conducted after a seminar at the555 words
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Article472 1978-10-27 2 ONE of the most important problems facing the cocoa industry in Malaysia acidity has virtually been overcome and the industry can confidently look forward to a better future The research director of Harrisons and Crosfield Malaysia, Mr Ron Shepherd, said the company has obtained encouraging results472 words
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Article121 1978-10-27 2 KAYTRONICS, a Japaneselocal electronic clock-radio manufacturer which began production only two months ago, has received a $750,000 order from a mail order house in France. The company's general manager, Mr. K. Odell, said that it has already airfreighted 6,000 sets of clockradios and will be sending121 words
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Article226 1978-10-27 2 JAPAN and the United States have narrowed their differences in their negotiations on farm trade, which constitute part of the worldwide Multilateral Trade Negotiations (MTN) under the General Agreement on Tariffs and Trade (Gatt), a ranking Japanese Agriculture Ministry Official said. Mr Nobuo Imamura, Director-general226 words
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Article459 1978-10-27 2 COURSES AND TALKS Oct 6-28: The effective executive, SIM, SIM Oct 17-31: Employee training and development, Holiday Inn, P.O.D. Oct 21 and 28: Telephone techniques and courtesies, SIM, SIM Oct 23-27: Work measurement and financial incentive schemes, SIM, SIM Oct 25-Nov 17: Business law, SIM, SIM Oct 26-27:459 words
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Page 2 Advertisements
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Advertisement62 1978-10-27 2 W ho dares to put a white wine in a black bottle? BLACK K)\\ KR! A classic \v hitc w inc trom (icrmarn presented in an original black bottle. Black lower has a distinctive style and character u Inch makes it inst riiiht to drink all the time. Whatever the62 words
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Page 2 Miscellaneous
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Miscellaneous660 1978-10-27 2 CRYPTIC PUZZLE ACROSS 4 Suit to change into (6) 7 Trouble on tap (3, 5) 8 Sailor posted away (6) 10 One fighting against time? (5) 13 Race run by degrees? < 4 L >4 Snack I take to bed (4) 15 Lots gone astray (4) 16 He's in a660 words
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Page 3 Advertisements
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Advertisement803 1978-10-27 3 I How to avoid suffering reduced profits following a fire 1977, fire damage to property in Singapore totalled nearly I'M J $19 million. This was only a mere fraction of the real loss to the business community. Fire insurance is not enough. Fire insurance only covers material loss caused by803 words
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RAW MATERIALS
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Article541 1978-10-27 4 THE Singapore market closed slightly lower with November One RSS buyers quoted at 254.00 cents per kilo, down half a cent yesterday, dealers said. Morning prices were marked up slightly after fluctuating around overnight levels on buying support and profittaking, they said. The afternoon session was541 words
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Article30 1978-10-27 4 Rubber: Oct 26 Singapore: November :254.00centi (down 0.50 cent) Malaysia November: 257.50 cent* (down 0.75 cent) Tin: M 52,030 (up $20) Official offering: 166 tonnes (down 11 tonnes)30 words
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Article360 1978-10-27 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers lni 1 R.S.S. prompt f.o.b. 251.00 252 00N 250.50 251.50N Int. 1 R.S.S. November 254.50 256 00 254 00 254.50 Int 1 R.S.S. December 258.50 260 00 259 00 259.50 Int. 2360 words
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Article101 1978-10-27 4 NOON SSR and SMR prices yeatertUy: (Car Bavf rent Mtfc) n ScHsn II (r« ■at nmrtMtfc) SSR 20 SSR SO (1-ton pallet) (1-ton pallet) (MB* 235 00 233 00 237 OON 235 OON ■■J 237.50 235JO •tijnrkg) 239 50N 237.50N MRELB SMR5CV SMR SL SMR 5 SMR101 words
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Article398 1978-10-27 4 A GENERALLY quiet Singapore produce market yesterday saw further marking up in the prices of coconut oil and copra. Inquiries for both commodities began pouring in from most neighbouring consumer countries including Bangladesh, Korea and West Asia. But these found little response here as stocks ere running out398 words
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Article72 1978-10-27 4 C.I F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Wednesday Previous Malaysian 5Hffa bulk per tonne December 630slr 615slr Sumatra 5% ffa bulk October 655sIr 852 .sir November 645/647 pd&35/640pd December 630/640pd 622'./625pd January 620/822',pd 610/812' pd February 615/617'i 607'.pd March 602.pd 60272 words
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Article238 1978-10-27 4 LONDON terminal opened £1 to £8 per tonne down yesterday in a turnover of 240 lots. Dealers said values initially traded slightly higher following the trend in New York but then fell back to show small losses reflecting strength of sterling against the dollar. However, once early nervous fluctuations238 words
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Article125 1978-10-27 4 CHICAGO soybean product futures strengthened in the final hour to close well above the day's lows on Wednesday, set in early afternoon. Meal futures ended with gains of $4.80 to $3.50 a ton. Oil futures recovered to close up 0.43 to 0.04 in all but the unchanged September. Oil125 words
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Article100 1978-10-27 4 CHICAGO gains in wheat futures grew to 5-3/4 to 4-3/4 cents a bushel at midsession, extending on Wednesday, a strong opening. Although traders noted that the wheat market appeared fundamentally firm in its own right, they said much of the morning's strength could be attributed to gains in soybeans100 words
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Article99 1978-10-27 4 Sugar future* ckatai prtcM: CM| nHw Jan 9.45 CO 8.88/90 Met 9.85/88 9.»/S May 9.80/90 I E X Jly 9.38/80 Sep 1017 M 9.78 77 Oct 10.18 25 U2/V Vat: Firm TMal flalas:8 (prev 4) The cotton futures market doaed higher in fairly quiet trading, with 20 lots99 words
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Article197 1978-10-27 4 INCREASED world demand strengthened the Fenang tin market a further MOO per picul to a new $2,030 peak yesterday. They said sustained support, particularly from Japan, US, Eastern Europe and locally was encouraging at this high level with the market's firmness reflecting London's further advance. The upward trend197 words
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Article262 1978-10-27 4 LONDON raw sugar futures opened £2.10 to £1.60 up yesterday .Turnover totalled 1,556 lots. Dealers said the market moved up on general buying and short covering interest which found sellers reserved. The rise appeared to be based on improved sentiment and the belief that higher process will be seen262 words
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Article220 1978-10-27 4 LONDON terminal cocoa yesterday lost up to £19 initially, basis near Dec at £1,985 per tonne, but staged a sharp recovery to finish the call mostly £5 up to unchanged. Values continued to harden in open trading although conditions later were irregular. Traders said the market first reacted lower220 words
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Article102 1978-10-27 4 BANGKOK rice prices were quoted as follows yesterday: (la US dollars per tonne FO B Bangkok) Wfttte (1m: 100 pet Ist class 300. ISO pet 2nd class 345. 100 pet 3rd class M, S pet S3. 10 pet 310.15 pet 300. tt pet 300. 25 pet 296, 35 pet102 words
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Article330 1978-10-27 4 LONDON copper wirebars on Wednesday gained £2 for cash and £2.5 for Three months The afternoon market was steady on smallscale covering induced by the gains in us futures, prices were marginally higher on the kerb with up to 789 stg paid for Three months on further covering support330 words
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Article87 1978-10-27 4 SILVER on the LME rose by 2.3 pence on Wednesday. The gains at New York during the afternoon and the renewed strength in gold held the market steady around 301.0 pence (or Three months. Values lifted on the morning pre- market reflecting the overnight close at New York and87 words
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Article429 1978-10-27 4 THE kilobar in Singapore opened at 5515,950 yesterday and closed at $15,913. The high and low were 5515,960 and 5515,868 respectively. The market was quiet. The London spot gold market opened at U*****.00/30 and closed at U*****.55/85. The market was active Bearee Siagmas The London morning gold fix was429 words
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MONEY AND EXCHANGES
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Article600 1978-10-27 4 THE US dollar managed to hold its ground against the yen after opening lower than its overnight level on the foreign exchange market yesterday. However, against other currencies, the dollar continued to lose points, with significant losses against the mark and the local unit. Sterling climbed as the600 words
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Article192 1978-10-27 4 Asian rates ASIAN currency deposit Interbank rates as at close on Oct 26: US MUrKM Offer 7days 10. 10' j 1 month 9 9'i 2months 10 10'. 3 months 10 10 J 6 months 11.* U't 9 months U't ll'i 12 months 11 1 11*. Sw.Fr*. UUJI. Dm 1 month192 words
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Article51 1978-10-27 4 Range of price* offered by discount bouses on Oct M: Overnight—3 Call deposits—3 Closing Baying Sellia« 3 month Treasury bilU 3 13/16 3 11/18 3 month Bank bills 6 13/18 6 11/18 3 month CD 7 1 7 8 month CD 7 5/18 7 3/18 Source: National Discount Co51 words
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Article21 1978-10-27 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.5 per cent.21 words
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Article146 1978-10-27 4 THE dollar opened in line with the New York closing levels yesterday, having lost its gains in the Far East and went lower against the mark and most other major currencies in the absence of any apparent resistance by the Bundesbank, dealers said. Gold opened higher at around 1233146 words
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Article232 1978-10-27 4 THE dollar dropped sharply in nervous and at times hectic trading, sinking to new lows against several currencies, including the mark and yen on Wednesday, dealers said. They said the decline primarily reflected disappointment with President Carter's anti-inflation programme, as the unit came under persistent pressure both here232 words
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Article118 1978-10-27 4 THE dollar for overnight delivery closed yesterday at 179.60 yen, up from a 178.80 opening but down from 180.20 at Tuesday's close and after falling briefly to a post-war low 178.50 yen in early trading, dealers said. The US currency steadied in late trading, after moving in a narrow118 words
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Article118 1978-10-27 4 THE US dollar firmed against major currencies on profit- taking in quiet, late trading yesterday, dealers said. It rose to 179.40/50 yen from New York's 178.75/90 close and its 178.50/70 opening here, to 1.7750/60 marks (1.7710/25 and 1.7720/40) and to 1.5020/70 Swiss francs from 1.5000/50 in New York. Sterling118 words
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Article155 1978-10-27 4 Euro rates LONDON Eurodollar deposit funds were bid higher in (airly active trading yesterday following the continued slide of the dollar on foreign exchanges, dealers said. Period rates finned as much as 3/lfi point after being adjusted higher on the loss of the Friday dealing technicality, they added. Adverse press155 words
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Article80 1978-10-27 4 THE Malaysian Minister of Finance has fixed these rates for the period Oct 26 until further notice: Rubber 259'« cts a kg; Copra $1074.75 a tonne; Palm Kernel $955.75 a tonne; White pepper $4910.80 a tonne; Black pepper $3,237.49 a tonne. The Rate Of Duties Payable Are: Rubber80 words
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Page 4 Advertisements
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Advertisement337 1978-10-27 4 IP'' CHINESE Simon Leys j r m VKm H h A' 4« "Finally, the book that demystifies China" Stanley Karnow, author of Mao and China Chinese Shadows takes us behind the shadowplay that is all most Westerners ever see of today's China. Scathingly critical of foreign journalists who whitewash the337 words
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OVERSEAS
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369 1978-10-27 5 UPI AFP FRENCH retail prices rose 0.6 per cent in September, Finance Minister Rene Monory announced on Wednesday in a piece of relatively good news for France which is coping with the familiar problems of inflation and unemployment plus the heaviest wave of strikesUPI; AFP - 369 words
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265 1978-10-27 5 PRESIDENT Carter's aides and Administration lawyers have begun drafting a proclamation that will impose higher duties on foreign sugar so that it will sell for 15 US cents a pound (about 71 Singapore cents per kilo) by the time it reaches the United States. Present265 words
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845 1978-10-27 5 CARTER NEEDS TO DO MORE Washington Star Reuter AMERICAN business and labour leaders who fear that failure of the administration's efforts to control inflation will bring mandatory wage and price controls reacted cautiously on Wednesday as they reviewed the surprisingly detailedWashington Star; Reuter - 845 words
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Article, Illustration485 1978-10-27 5 AUSTRALIAN scientists have developed a method of processing pasture grasses to yield protein. They see it as one possible answer to the problem of feeding an increasing world population. The process involves fermenting tropical pasture, then growing a yeast on the fermentation. The harvested yeast has485 words
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WORLD IN BRIEF
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Article537 1978-10-27 5 Agencies BRITAIN'S ruling Labour Party would be returned to power if it called an immediate general election, according to an opinion poll published in London yesterday. The gallup poll indicates there has been a big swing to Labour, which is shown as holding a 5-1/2 per cent leadAgencies - 537 words
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319 1978-10-27 5 AP THE ECONOMIC Council of Canada recommended on Wednesday that the government stimulate the economy by cutting sales or personal income taxes in 1979 by Cs2 billion (513.7 billion). Finance Minister Jean Chretien said he would consider the recommendations, which areAP - 319 words
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Article44 1978-10-27 5 US Federal Reserve Board chairman William Miller said whether or not the board has the authority to waive the necessary regulations so that New York City can create a free trade zone for banks "is a very interesting legal question."44 words
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535 1978-10-27 5 Reuter US CREDIT markets "are about to experience the most dramatic increase" in interest rates since the cyclical rise began in late 1976, Salomon Brothers partner Henry Kaufman predicted. Mr Kaufman, saying, "disillusionment and new fears are beginning to envelop the credit market,"Reuter - 535 words
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Article128 1978-10-27 5 Reuter 118 Federal Reserve Beard dudrmu William Miller said the eeatrai bask will sse Its fall rssearees to sappert Prod deat Carter's aatHaflaKm pruff*— Is a speech to the Atamialam Aaasriattsa he said mm difflealt times Be ahead* If iaflattoa is to Mr. MillerReuter - 128 words
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Article, Illustration188 1978-10-27 5 BRITISH officials have said that they expect the UK government to approve Britain's participation in the European Airbus consortium. The officials, speaking after the conclusion of talks earlier this week in Paris, said they know of no reason why Britain would reject188 words
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Article607 1978-10-27 5 ARRIVALS Service Local Operator Number Tine From THAI TG413 1245 BKK MAS IWiluM 1250 KCH KLM KL833 1305 AMSATH KHICMB MAS MH651 1330 PEN/KUL SAS SK9T1 1335 CPH/DEL/BKK SLA SQ455 1340 BWN SIA SQ6I 1340 BKK GIA GA900 1400 HLP CPA CX703 1415 HKG/BKK A'FLOT SU559 1445607 words
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Page 5 Advertisements
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Advertisement105 1978-10-27 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****5S -f Coll us to.- vou local onward reservations VT Mi 5 *"3 IHR 0M CAN A D A ■"QUEEN ELIZABETH TOWERS" 200 Luxury Condominiums in the centre of Ottawa, capital of Canada. GUARANTEED NET CASH INCOME 6% ON YOUR INVESTMENT FOR105 words
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410 1978-10-27 6 THE bouquet of praises thrown Singapore's way by the US embassy here will be all the more appreciated by Singaporeans if they realise that the embassy's report is not a member of a whole family of like reports made by US embassies around the world,410 words
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Article204 1978-10-27 6 THE Singapore-Malaysia air service agreement talks are developing into a marathon. Again, the latest round has been broken off with both sides looking as determined not to make concessions, and with the ultimate treaty as remote as it has ever been. Now that204 words
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Article, Illustration2106 1978-10-27 6 FONG MEW LENG - AS SINGAPORE SUFFERS A SHORTAGE OF WORKERS ENGENDERED BY ITS ECONOMIC SUCCESS, AN EMPLOYER PINPOINTS A GROWING PROBLEM: By FONG MEW LENG "I REMEMBER that in the first years in the Finance Ministry when I went home for lunch, I passed big schools2,106 words
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Page 6 Advertisements
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Advertisement274 1978-10-27 6 l! 2 'Future Generatlon' I ».i ''g '<' r' P'i I pp (i *ii T> ,71 if fi VI. 4 sf *Sj I Just don't miss them at the 100 Bar while they are here Also on stage to a non-stop musical delight •Sonny Bala A The New Moonglows Connexion274 words
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Page 6 Miscellaneous
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Miscellaneous64 1978-10-27 6 nfgsraiEfli OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Report for 24 hears prter to 7J9 p.m. en Oct 2f at the airpert: Maximum temperature 29.8 C Associated humidity 73 Minimum temperature 23.0 C Associated humidity 99 Hours of sunshine 5.20 Rainfall in millimetres64 words
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Miscellaneous219 1978-10-27 6 TAfiOROTM SINGAPORE 5 PM Opening announcements followed by Housewives' Matinee Scholar With A Halo (Chapter II Repeat) A Teochew feature film Intermission Opening announcements followed by December Bride Mean Grandfather News in Brief* It's About Time* Persembahan Ku (Malay-Repeat)* News and Newsreel in Malay* Sports Parade* Classical Masterpieces: Peter Tchaikovsky:219 words
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Article, Illustration1376 1978-10-27 7 LEE COHN - By LEE COHN IF INFLATION cools off, President Carter's new anti-inflation programme will work. That linkage of cause and effect may seem to be stated backwards, but it fairly reflects the limited expectations of administration officials and outsiders about what the President's wage1,376 words
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652 1978-10-27 7 HENRY SCOTT-STOKES - By HENRY SCOTT-STOKES NYT THE DIZZYING bright* reached by the yea la its latest spiral has the Japaaese Goverameat, hastaess commaaity aad ceasamers worried. Aad hastaess leaders are begiaalag to criticise the fail ore af goverameat officials to stem the rise. Agaiast the U8 dsllarNYT - 652 words
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Article204 1978-10-27 7 LIM TECK SENG - Letter to the Editor LIM TECK SENG THE OFFER tar ab af atrvea -in«— Am ta Sealtaa Hatefa LU to the pehtte aT tt eeata per $LM ahaie ta ta he ktari pitnaltal P"® >■ DMtag jctn, Ike reealta achieved ta date ueMtiUltat taeplr> tag. If204 words
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Article319 1978-10-27 7 US AGRICULTURE Secretary Bob Bergland may have to squeeze his travelling party on a trip to China next month to make way for a cargo of holiday turkeys, steaks and hams for the US diplomatic mission in Peking. The US liaison office in Peking has, apparently,319 words
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Article815 1978-10-27 7 JOHN DRYSDALE - FORUM ...on Trade i By, JOHN DRYSDALE John Drysdale is a direc- tor of Asia Research Pfe Ltd. MR, GOPINATH PILLAI, deputy chairman of the Trade Development Committee of the Singapore Manufacturers Association, read an interesting paper on expansion of Intra-Asean Trade last week at an815 words
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Page 7 Advertisements
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Advertisement353 1978-10-27 7 y vNew Japanese Restaurant KIKU^I serving authentic Japanese food r. Yakki *lem|xira Sfiashifm *Sukivaki *ShabuShabu KIKU JAPANESE RESTAURANT ORCHID INN Tel *****? 214 DuneaTi Roaci Singapore 1 1 foighfc «p Deepavali C "mr to K.mq Mahal on Suiulav < t« v cind savour a lavish Indian BnfVl Parnp#*r vour fastf353 words
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Page 7 Miscellaneous
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Miscellaneous40 1978-10-27 7 BnStc^Fkxtffcwcfcas vve. ocrr To oer crro^c? i*m to CfvrcH rne S. 15 CcmnvjrncC Sftyjfti fUPvrtK GOODrJeSS ITS OILN ft miuL BND ft WRLF. <s& Tneße Goes mR. bristou 1 r musr Be $.13 Vau civ 4 sex spj£ clock Minn....;40 words
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INTERNATIONAL STOCK MARKETS
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Article387 1978-10-27 8 GOLD shares were mostly firmer am Wednesday on the stock exchange. reflecting sharply Ngher bullion Indications, following an initial mark-up in line with overnight New York rices and bolstered by ongkong and early UK bullion Indications, local and UK demand moved golds ahead. Mining flnanclals gained In line with387 words
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Article65 1978-10-27 8 FINANCIAL TIMES INDUSTRIALS Wednesday 489 7 Tuesday 496.5 Week Ago 494.6 DOW JONES AVERAGE INDUSTRIALS Wednesday 830.21 Monday 832.55 yteek ago 859.67 > LONDON DOLLAR PREMIUM jUgdnesday 75 to 75 1/2 Tuesday 79 to 79 1/2 J" H.K.HANG SENG .<■*1 Thursday 671.73 Wednesday 670.35 ■Week ago 644.46 INDUSTRIALS65 words
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Article633 1978-10-27 8 TOKYO Source: DBS-Daiwa THE market was relatively rum yesterday, centring on medium and low-priced chemical, steel, spinning and non-ferrous metal Issues owing to buying by the major brokerage houses. However, high-priced Issues continued to decline sharply, since short-term traders switched to med)um-and lowpriced Issues. Export-related Issues also droppedSource: DBS-Daiwa - 633 words
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Article335 1978-10-27 8 THE market closed generally easier In quiet trading yesterday, but gold stocks showed some good gains, dealers said. BHP fell 26 cents to A 58.12, the NSW 12 to $7.68, the ANZ three to $3 75, CRA 12 to $3.18, Consolidated Gold Fields five to $3.60 and Western Mining335 words
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Article401 1978-10-27 8 Source: SHK Sec THE market continued to run into overhead resistance yesterday and, with the exception of Hutchison Whampoa, blue chips were, where changed, lower. Support was withdrawn from HK Wharf down HK$l, 0.1. Cement also $1 lower but strong buying saw Swire Props up to $4,275, HK ElectricSource: SHK Sec - 401 words
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Article189 1978-10-27 8 Oct 28 Baht Bangkok Bank Bank of Ayudhaya Ltd Bangkok Metropolitan Bank Thai Commercial Bank Thai Danu Bank Thai Farmers Bank Industrial Finance Corp Bangkok Investment First Trust General Finance Lee Kwang Ming Trust Raja Finance Slam Credit AyuthayaInv and Trust Safety Insurance Thai Insurance Jala Prathan Cement Slam189 words
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Article318 1978-10-27 8 SHARE prices closed higher in active trading on Wednesday The composite index was up three points with advances in eight of Its 14 component groups. outnumbered losses 582 Norcen Energy rose S/8 to 16. Chevron Standard and Norcen reported high gravity crude oil How of up to 4.200 barrels318 words
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194 1978-10-27 8 POLAROID Corporation was looking as glamorous as ever after reporting a 34 per cent increase in third quarter sales and a 72 per cent surge in net earnings. With the help of an earlier than expected start to its autumn selling season, the manufacturer194 words
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Article590 1978-10-27 8 EUROPEAN MARKETS MOST European bourse* closed weaker on Wednesday. Milan, however, ended firmer against the general trend. Frankfurt share price* eased in llcht tradlnc with currency uncertainty dampening enthusiasm, and the latest report on manufacturing Industries providing little momentum despite 1U optimistic tone. Average lasses were around two590 words
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Article229 1978-10-27 8 OCT H Aef-Telefunken Akao Alb Leben Alls Vert BASF Bay H T Wbank BayVbank Bayer Dm 85.40 25 50 770 400 136 10 311 ao ***** 4.4 •1 -10 -10 -1.9 -5 5 -4 -1.1 BBC 302 50 BMW 225 50 -41 Caaclla 420 -5 Chem Verw 263 unci)229 words
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Article94 1978-10-27 8 OCT 2* Fr» forward i 4ARW r Acec 413 -4 Arbed 2220 -80 Astur 720 -30 Braacan 400 «10 Bru-Lamb 1570 -4 Canpac MO -8 Cock 420 -8 Dr Bern IK -8 Ebe» 2330 unch Bectrobel 6730 30 Ob-lnno-Bm 2450 •10 Oev 1134 •18 Hobo* 2835 -55 Petro 327094 words
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Article258 1978-10-27 8 oct a rr» CORBEILLE Air-Liquid* 370 10 BS N Oervals □■none 800 -19 C8F (Thomaon<w> 390 •1 OFrancftUe des Pruolet 140 90 -9.7 Compacnl t Financier* Compacnle Generate 402 Credit Foncter De Franc* 421 -1 Hachelte (Ubralrte) 258 -t Machine* Bull 59.40 -0.1 Michelln (B) Pari baa Pechlney Clgtne258 words
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Article186 1978-10-27 8 OCT Fto ABN 380 00 -1 Ahold 112 00 -1 Akio 28 SO -1.4 AMEV 85 10 -J Amtu 102 00 -5 Amroi Bank 74 70 -0 8 Bergoaa M00 -3 Berk 90 70 -1.3 HoU 70 30 -2 2 Bo.-sumlJ 147 00 -4 Burhmann 70 SO -1 1186 words
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Article86 1978-10-27 8 OCT U Ure Ante 62.75 ♦0.75 Amoc On ***** +450 HastOfl 24 Ontrale 79 Flat 2095 45 Ftniider 158 Oen Immob -2 iripn 2544 ♦OS Italcementi 1430 I taigas ♦9 Italslder ♦9 MacneU M Pf 13 Mare 111 Ere .273 12 Medlob ***** 450 Mlralanza ***** 430 Mondadori -1286 words
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Article174 1978-10-27 8 oct a rrancs Action* Sulases Alusulase Br Alusulae Ret Brown Boven Br C1b*0«ty Br ClbaOelty PC Clb» O«o Rh MS 1010 m 153C ro T3C MO -1 -10 -10 unch +5 -IS unch Credit Suisse Br Credit 8uisse Ref He* trow alt Br Oeort* Fischer Br Globus Pc 2180174 words
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Article31 1978-10-27 8 Reuter UNILEVER usf Investments Ltd. plans a 100 million French franc Eurobond for seven years with a 10 per cent coupon, lead manager Banque de rUnion Europeenne said. ReuterReuter - 31 words
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Article1481 1978-10-27 8 October 25 CHICAGO Board Options Exchange volume expanded to 150,759 contracts on Wednesday from 132,213. OPTION OCT JAN APR STOCK Alcoa «a UNTRD 11/1 NOL 471/1 Alcoa 45 41/4 UNTRD 47 1/1 Alcoa SO 25/10 13/4 UNTRD 1 47 1/1 Alcoa w 17/1 UNTRD 47 1/1 Am1,481 words
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Article1238 1978-10-27 8 NEW YORK 1 A DISCOURAGING outlook for interest rates pushed stocks lower on Wednesday In moderately active trading as the market erased a fairly solid technical rally Salomon Brothers partner, Mr. Henry Kaufman, said US credit markets "are about to experience the moat dramatic increase" In interest rates1,238 words
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Page 8 Advertisements
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Advertisement177 1978-10-27 8 ONE GOOD PUBLICATION THAT'S worth a thousand watts II you're into hi-fi, youll certainly enjoy reading The Craft of Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi enthusiasts to improve their listening pleasures. n* Wouldn't it be worth your while to make a177 words
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INTERNATIONAL COMPANY NEWS
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864 1978-10-27 9 N. AMERICAN k BANKAMERICA Corporation has reported a 33.4 per cent increase in consolidated income before securities transactions for the third quarter 1978 to *****.3 million from $110.4 million a year earlier. Net income rose 33 per cent to $147.3 million from $110.7864 words
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Article88 1978-10-27 9 Reuter STANDARD Chartered Merchant Bank Ltd. said it arranged finance for a US$5O million loan package to Ghana, including a $30 million Eurodollar loan underwritten by Standard Chartered Bank Ltd. and Barclays Bank International. The other $20 million line of credit, as previously announced, isReuter - 88 words
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Article46 1978-10-27 9 Reuter THE West German motor firm, Volkswagen, (VW) is to increase the prices of all its 1979 cars in the United States by 4.1 per cent on average. The smallest rise will be US$279 for the Golf model, which will then cost $4,499.Reuter - 46 words
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Article96 1978-10-27 9 Reuter NIPPON Electric Co. Ltd. (NEXT) said it had won a three billion yen order from the Soviet Union for a hotel services computer system and telecommunications facilities. NEC managing director Mr. Katsumi Soyama said the facilities were needed for the 1980 Olympic Games in Moscow.Reuter - 96 words
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Article56 1978-10-27 9 Reuter AUSTRALIAN Guarantee Corp. Ltd.announced an audited consolidated operating profit of A 544.48 million ($37.39 million), for the year ended Sept. 30, on revenue of $457.89 million ($395.58 million). Earnings per share 20.9 cents (17.6). Final dividend 3-3/4 cents (same), payable Dec.l 4 to shareholders on register Nov.Reuter - 56 words
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374 1978-10-27 9 EUROPEAN FT INTERNATIONAL Telephone and Telegraph (ITT) has rejected proposals for a merger between its UK subsidiary, Standard Telephones and Cables, and Plessey. International Telephone said in New York that it had recently evaluated plans for a merger between Standard Telephones and Plessey, butFT - 374 words
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493 1978-10-27 9 ASIAN FT REFLECTING a steady recovery of private consumption, Japan's seven major superstores achieved a strong profit performance in the first six months of the 1978 fiscal year. All seven were helped by strong sales of summer goods, such as air-condition-ers and refrigerators. The vigorousFT - 493 words
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Article87 1978-10-27 9 Reuter C. ITOH and Co. Ltd. said the Greek government approved a US$lOO million plan to boost capacity at the Salonika cold rolling mill of the Hellenic Steel Co. to between 750,000 and one million tonnes by 1981, from the present SO,OOO tonnes. AfterReuter - 87 words
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Article291 1978-10-27 9 DISAGREEMENTS between International Harvester (IH) of the US, the world's "biggest track manufacturer, and Daf Trucks of Holland, has come out into the open. Speaking on the eve of the International Motor Show in Birmingham, Mr. Plet Van Doorne, Dafs piesideut said the291 words
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135 1978-10-27 9 BELGIAN arms and sporting good manufacture, Faiqe Natkmale Herstal, is acquiring interests of 75 per cent each in two French companies, Societe Lerc, of Paris, and Bertrand-Vigier, of Villefranche-sur-Saone. The French government had approved the acquisitions. Lerc, with 1977 sales of about135 words
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118 1978-10-27 9 MORTGAGE Guaranty Insurance Corporation, of the US is negotiating to sell the 64.52 per cent equity in its Australian offshoot to a "substantial listed Australian company," possibly acting in conjunction with an international insurance company. The directors of Mortgage Guarantee Insurance Corporation of118 words
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Article37 1978-10-27 9 MITSUBISHI Bank (Europe) SA, a wholly-owned Brussels-based subsidiary of Mitsubishi Bank Ltd., Tokyo said its US$4O million floating rate 1-1/2 year certificate of deposit issue has been increased to 145 million due to favourable market response.37 words
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Article443 1978-10-27 9 POWER Corporation of Canada, the big financial transportation and industrial holding company, is selling its entire equity interest in Argus Corporation, of Toronto, for C 180.4 million. Power Corp. paid |G5 million in cash and $15.4 million by a note. The buyer is Ravelston443 words
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Article68 1978-10-27 9 ENGELHARD Minerals and Chemicals Corporation said its third quarter profit rose to US$37 million, or |117 a share, from $29.8 million, or 94 cents a share, last year. The company said sales increased to $2.66 billion from $1.94 billion. For the nine months, the company said its profit68 words
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646 1978-10-27 9 Reuter THE GIANT Shell o|l Company has just announced a 10 per cent increase in profits for the first nine months of 1978, but predicted slower growth for the full year. Meanwhile. Marath— Oil C*., of Findlay, Ohio, also posted improved results for theReuter - 646 words
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Article255 1978-10-27 9 XEROX CORP., the huge business machines manufacturer, has reported large increases in corporate profit for the third quarter and nine months and expressed optimism about the full year. For the third quarter ended Sept. 30, Xerox had operating profit of U*****.7 million, or $1.52 a share, on revenue255 words
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Page 9 Advertisements
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Advertisement198 1978-10-27 9 V 0 The NEW CXfCW) ILLUSTRATED DICTICNACy mi A AC lla "i \l\\ i K /AM ni'MW /w in Two Volumes Here it is Oxford celebrates its Quincentenary Year (1478 1978) with the publication of THE NEW OXFORD ILLUSTRATED DICTIONARY. The NeV Oxford Illustrated Dictionary is both an up-to-date dictionary198 words
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DEALS DONE ON THE SES AND KLSE
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Article1346 1978-10-27 10 BID and off* prteee officially luted and business in Mid reported to tit* Stock Eschangt of Singapore yesterday with the number ortfiarss traded •town in bracket* In lot* of I.oo9unit* unlet* other*lee specified AH Time Settlement Contract* in Quoted after the word "sett ,8»f Board deal (in lou1,346 words
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Article81 1978-10-27 10 4 3/4% 15/9/H0 (250.000) (98.M8 100 05S) 5* T F 1/VBB (250.000) (100.158 100 30S) J/4% T F IVVBI-84 250.000) (102 008) 7 1/4% IS/IQ/8C (250.000) (100.75B) 7 1/4% IS/4/8C (250.000) (100.75B) 5 1/2% T F 15/1/87 250.000) (100 555) 7 1/4% 1/5/87 (250.000) (100 70B) C 1/4%81 words
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Article102 1978-10-27 10 STRIKINO price* of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown in brackets. C AND C (DEC-R4O) (1 655) (2) 141 HUME F E (DEC4I 55) (0 408102 words
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Article147 1978-10-27 10 SINGAPORE UNIT TB18T INCOME BOND UNIT (Maaagers' priec a tar Oct 71) The Commerce 2-37 2.52 P The Saving Fund 149 158 Income Bond 107 1.13 S'pore Pjpj? Fund 1.08 1.14*d S pore Sec Fund 197 209 S'pore Invest Fund 1-37 145 MARA BI MIPITRA PUND 1 I147 words
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Article2511 1978-10-27 10 O't Qr'a Not Day 1978 DW Dfrf ru P/l Vol Low Hick Low Company Sate +or- Ctt Btgh SECTION ONE INDUSTRIALS 272 132 Aetna 250 +1 12.ON 1.3 4.8 27.1 3 250 250 238 123* Alcorn 234 10.0 2.2 4.2 17.3 178 112 Allied Choc 134 +42,511 words
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Article1430 1978-10-27 10 BID and offer prtees 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 uniu unless otherwise specified. IMBUBTBIALB *l»«ia (S.7SB). >Hw (IMB 1.00 A) XD. AIM MM (1.108). AaM1,430 words
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Article, Illustration792 1978-10-27 10 SPECULATORS aad lamton were kaek suppiag ip ikwei la selective eeaatera ea the Stock BtrfcMgf ef flappirr Their mppwtfMM lest itae Mhtoew to u ihwwlw very qiiet market Altheagh velame remm ml the tof brektag biases are exadlag with The timl to leak lata the792 words
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Article501 1978-10-27 10 THE Kuala Lumpur stock market yesterday closed higher on sustained buying support. Trading improved marginally and turnover improved to 3.07 million units valued at M 58.44 million compared with Wednesday's 2.60 million units worth |7.01 million. Although buyers dominated for the greater part of the501 words
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COMPANY NEWS
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972 1978-10-27 11 MANO SABNANI - By MANO SABNANI AFTER spending five years nursing its Chenderong oil palm estate, Trengganu Development and Management Berhad (TDMB) has finally realised the futility of the exercise and has decided to dispose of its nestegg at what appears to be a book profit972 words
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Article467 1978-10-27 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Alcorn 6% I Sept 27 Oct 7 Oct 27 6% 15% S. Finance 9% k Oct 10 Oct 17 Oct 27 9% 12 M Breweries 18% Oct 18 Oct 23 Oct 28467 words
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Article212 1978-10-27 11 Company Particulars Ex Date Book* Close llarimau Rights issue of 1 loan stock for 2 ord.shares Oct 17 Oct 24 Kothmans Bonus Issue of 1 for 4 Oct 16 Oct 26 Carlsberg Bonus Issue of 1 for 2 Oct 18 Oct 28 Hub. Bank Bonus Issue of 1212 words
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Article59 1978-10-27 11 JACK Chia-MPH has informed the Stock Exchange of Singapore of its purchase of 25 ordinary shares of $1 each in Monfair Optical Pte. Ltd. This brings its total shareholdings in Monfair to 46,525 ordinary shares constituting 50.02 per cent of Monfair's paid capital. The shares were purchased from Mr.Liew59 words
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Article, Illustration671 1978-10-27 11 ANTHONY TAN - By ANTHONY TAN Dutch Baby Milk Industries (Malaya) is typical of those single product companies whose fortunes are almost entirely dependent on one or two raw materials. Milk and sugar constitute the ingredients of Dutch Baby's sweetened condensed milk. The lower cost671 words
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Article, Illustration263 1978-10-27 11 VENEER Products Limited's (VPL) whollyowned subsidiary. Veneer Products Sdn. (VPS), has received a proposal from Yong Chai A Sons Enterprise to form a new company to participate in logging activities in Malaysia. The new company will have a paid-up capital of $200,000 with VPS contributing263 words
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271 1978-10-27 11 UNIVERSAL Cable (M) p»»y muiftetirlig wires mml etkiei, kai reptfM m ■audited set pnflt befare tax if for the six mate to ead Jue, —X $411,742 to the prevlua earreipwdtog pertod, ma toereaae e( 1.2 per reat. Tetal sales dirtag the pertod topmed by271 words
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Article176 1978-10-27 11 KHONG Gua Flaw Milling Ltd: AGM to be held at 3rd Floor,UMBC Building,22, Malacca Street,Singapore at 12 noon on Oct 31. Rathmaas af Pall Mall (M) Bbd: AGM to be held at Virgina Park, Jalan University, Petaling Jaya, at 11.00 a.m. on Oct 31. Slagapara Building Society Ltd:176 words
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286 1978-10-27 11 MALAYSIA Rlee ladaeMm ku iMMiwi that its pr«p>ssl to srquirr Uk entire Issued share capital of Pernmahaa Berjaya Sda Bhd, first dineleued ia May this year, has beea approved hy the Capitol Issues Committee. The prspsned aefiH tlaa ef Penunahaa Berjaya,286 words
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Article102 1978-10-27 11 AS PART of its diversification plans, MalaysL-i Weaving Enterprise has set up a division to trade in palm and vegetable oils. A wholly owned subsidiary company known as MWE Trading Sdii. Berhad is in the process erf incorporation to conduct such trading, it said. •Pengkalen Li102 words
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Page 11 Advertisements
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Advertisement166 1978-10-27 11 2 if ijav&m HOTEL MERLIN SINGAPORE LIMITED I o®»3"**«C L 0* S HI.J CLOSURE OF BOOKS Notice is hereby given that the Transfer Books and Register of Members will be closed from Bth November to 13th November 1978, both dates inclusive, so as to determine the entitlement of the Holders166 words
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Advertisement154 1978-10-27 11 The Love of ne ooking uy K i v* l I LI V > }S J i > Mr rV« L t '.r a w '/'fm/ < > /W > Kenneth Lo Kenneth Lo, the well-known CMain cookery writer, Introducea the reed** lo ttw orhntqu— ol CNwm cooking, ond ghra*154 words
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Article, Illustration690 1978-10-27 12 RAHIM KASSIM - By RAHIM KASSIM HEDEMORA Diesel Southeast Asia, a joint venture between Sembawang Shipyard and Hedemora Verkstader of Sweden, is gearing itself to compete in the Asian market with its diesel engines. The company's authorised capital of $10 million will be mainly invested in690 words
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319 1978-10-27 12 AFP AP AUSTRALIA has agreed to offer an "early warning" system to Asean on the question of important tariff and quota decisions made by the Australian government. The Secretary-General of Asean, Datuk All bin Abdullah, said it could be useful in helping relationsAFP; AP - 319 words
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Article253 1978-10-27 12 Reuter SWISS bullion bankers believe gold still has a potential for a further rise in price this year. They were commenting on the metal's broaching of the US$23O level for the first time yesterday, rising to a record $231.00/75 an ounce at one stage. TheReuter - 253 words
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Article82 1978-10-27 12 NEW rates of customs import duty have been announced for three types of goods, effective today. Handbags, purses and wallets of leather or composition leather will now be dutiable at 5 per cent ad valorem. Imitation jewellery, such as ear rings, necklaces, neck-chains, pendants, brooches, bangles,82 words
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Article99 1978-10-27 12 Reuter THE Exchange Banks Association interest rate subcommittee decided at a meeting in Hongkong yesterday to raise best lending rate by 1.25 per cent to 7.25 per cent, effective Monday, an association spokesman said. Deposit rates will all be raised one per cent, effective Monday. TheReuter - 99 words
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Article, Illustration368 1978-10-27 12 TONG Inthen af Slagap« rr ku reeeatly c daM u M—l with Rank Bill Dtyt, Ike largest ladeaealaa state beak, fer the eeastraettos aad maaagemeat at a $1« mllHsa prajeet la Jakarta. The eeaspaay's maaaglag ilreeUr, Mr. Jeffrey Teag, said that the368 words
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Article111 1978-10-27 12 THE PHILIPPINE government leaders have warned the local business community to expect a slowdown in the country's economic growth next year. Speaking at a business prospects conference in Manilaon Wednesday, Budget Minister Jaime Laya said an expected oil price increase was the main worrying factor. "Once111 words
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Article128 1978-10-27 12 A HARDWARE company was fined $8,000 yesterday for using forged Sisir (Singapore Institute of Standards and Industrial Research) labels on its helmets. It is the first case of its kind in Singapore. The company, Widar Hardware Co. Pte. Ltd., of Siglap Drive, pleaded guilty through its director,128 words
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Article795 1978-10-27 12 LONDON, Thurs. Stock prices closed sharply lower today, dealers said, and at 3 p.m. the Financial Times index was off 8.5 at 481.2, nearly 20 points down on last Friday's close. Selling was prompted by uncertainty over pay policy and the US economy, they said. Leading industrials were795 words
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Article140 1978-10-27 12 FAMILIES ot victims of the Spyros disaster will get an initial interim payment from the Industrial Accident Relief Fund established by the Ministry of Labour. The payments will be 15,000 to the families of deceased workers, 13,000 to the injured who have been hospitalised for three140 words
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Article88 1978-10-27 12 THE arrival of a high-level trade mission from Sharjah on Sunday will mark the first official visit by the member of the United Arab Emirates to Singapore. The visiting Sharjah Chamber of Commerce and Industry mission comprises senior government officials and businessmen who will hold exploratory88 words
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686 1978-10-27 12 JOHN TAN - By JOHN TAN THE advance party of an 11-man US investment mission will arrive in Singapore next Wednesday to seek Singapore partners in joint venture manufacturing operations. They will seek Singaporeans who are experienced in manufacturing here and who intend to go into joint686 words
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Article228 1978-10-27 12 A US senator has presented President Carter with arguments in favour of legislation exempting textiles from the current international trade negotiations in Geneva. A presidential aide said Senator Ernest Hollings (Democrat South Carolina) was pleased about the meeting with Mr. Carter but the President indicated he had228 words
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Page 12 Advertisements
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Advertisement136 1978-10-27 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are quoting the following for Singapore Dollar term deposits up to SS2SO 000 5V 2 p.a. 5V«°/o p.a. 6% p.a. 6% p.a. 6Va°/ 0 p.a. Savings 4 V«°/o p.a. We also issue Negotiable Certificates of136 words
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Advertisement53 1978-10-27 12 This announcement appears as a matter of record only. October 1978. JOHORE STATE ECONOMIC DEVELOPMENT CORPORATION M 58,500,000 SEVEN YEAR TERM LOAN Managed by 4SE4MB4NKERS M4L4YSI4 BERH4D Provided by MALAYAN BANKING BERHAD BANK OF AMERICA NT SA THE CHARTERED BANK THE HONGKONG AND SHANGHAI BANKING CORPORATION OVERSEA-CHINESE BANKING CORPORATION LTD53 words
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SHIPPING TIMES
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PORTSIDES
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Article67 1978-10-27 13 FT SUB SEA Surveys, with financial assistance from the UK National Research Development Corporation, has designed and built a small remotecontrolled unmanned submersible. This is the first remote controlled vehicle totally designed and built by an operating company which specialises in the field. Sub Sea Surveys isFT - 67 words
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Article88 1978-10-27 13 FT PRINCE LINE, the Furness Withy subsidiary, is claiming a launch record for its two latest 4,150dwt containerships. Last week, the Royal Prince went down the slipway into the Tyne from the naval yard of Swan Hunter in the UK, only 24 hours after her sistership CrownFT - 88 words
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Article109 1978-10-27 13 Reuter MOST OF the 122 Great Lakes freighters idled by strikes should have started operations by now. Mr. Norman Hall, president of the Great Lakes Carriers Association made a pledge for the resumption of the freighters'operations on Wednesday. On Tuesday, most of the 375 striking marine engineersReuter - 109 words
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Article, Illustration433 1978-10-27 13 Reuter AFP THE FRENCH government may finance half a Fr9oo million (***** million) order from Poland for nine ships and announce the reorganisation of five main yards into two large groups. These proposed plans are currently under discussion with the aim to aid the French shipbuilding industry,Reuter; AFP - 433 words
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Article204 1978-10-27 13 UPI NORTH Atlantic freight rates maintained their hardening trend. The Majesty secured the US2s<ents (553 cents )better figure of U5512.75 (5527.03) (fio) for a 50,000-ton November-December shipment from the US Gulf to Japan while the high figure of $8.50 (fio) was repeated for the spot ship NaiadUPI - 204 words
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Article486 1978-10-27 13 Shipping Page C*l. Aconas in 2 ACS n 5 Afea IV 2 Alpac IV 5 ANL i 1 APL in 2 Anhsing n 5 Arya Nat n 5 ASCL m 5 Angkutan m 4 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben Asia in 3 Ben EAC486 words
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168 1978-10-27 13 JAPANESE suffrrrd a M per Mat 4ecliae la Iwdp trieri far acw vessels in tke first half sf fiscal 1178 compared wltk a year age, aeeardiag U a repert i»nei la Takye by ike traaspert miaistry. anlen placed with Japaaese shipyard! frem abraad la168 words
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364 1978-10-27 13 AFP THE SOVIET Far Eastern Shipping Company (Fesco) announced yesterday its withdrawal from the freight rate-making Agreement ***** covering the trade from Hongkong to the US West Coast. The agreement discloses a non-conference lines freight war in which Fesco claims it has suffered. TheAFP - 364 words
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Article112 1978-10-27 13 Reuter GENERAL Electric Credit Corp, a unit of General Electric Co, said it has acquired an 188,500-dwt tanker. the B.T. San Diego, from National Steel and Shipbuilding Co, a subsidiary of ""National Steel Corp, for US$B4.9 million (SslBo million). Under the leveraged lease arrangement, GE said itReuter - 112 words
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3488 1978-10-27 17 SCHEDULE A guide to ships loading at Singapore for Ports around the Worid The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of3,488 words
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Article112 1978-10-27 17 The major shipping consortia operate ing 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 Lines112 words
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Article924 1978-10-27 18 r RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL JIB- (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ 'ZZ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises924 words
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Article880 1978-10-27 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. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Uni pacific. Alpac Line—lntrasea.880 words
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331 1978-10-27 18 AP A GREEK tanker which went aground and spilled some of its oil on the coast of Wales will be towed out into the Atlantic Ocean and sunk in 3,350 metres of water, the UK Department of Trade announced on Wednesday. Calling the ChristosAP - 331 words
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Article, Illustration385 1978-10-27 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aegis Sonic (0930 after Kawana) 3/4 Dong Bee (MOO after Eugenio C) 45 Fong Siang (1500 after King Tower) 22 Georgiy Dimtrov (1500 after Eugenio C) 44 Giso Maru (1800 after Turkmeniya) 31/32 Hel (1800 after Phemius) 35/36 Kota Ratna (0600 after385 words
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Article91 1978-10-27 18 Herbert Teo - Herbert Teo Public Relations Officer Dear Sir: We refer to the article "New diploma course to upgrade local ship management" Shipping Times in the Oct 25 edition of the Business Times. We would like to inform you of an error in the last paragraph. You may91 words
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Advertisement345 1978-10-27 13 Scan Dutch V Fast and Regular Service To/From N.C. /SCAN /W.MED./ U.K. Singapore: Tef *****, Port Kelang Tel *****1. Kuaia.Lumpur T t s *****. Penang: Te< ***** Y' r^ Orient Overseas Co*tlcu*ieA Line FULLY CONTAINERISED SERVICE rXtfaflf Spore In port 29/10 I MPTUK CORAL 91 cmmn paul ix FULLY CONTAMERISED345 words
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Advertisement295 1978-10-27 13 HI SEALORD ANTAH UASC UNITED ARAB SHIPPING CO (SAG). PI 1 1 All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ■■ARABIAN GULF WEEKLY SERVICE" BNVOUNUS 19/11 24/11 SMA 1 3/12 S pore Loading for Dubai (11/11), A Dhabi (14/11). Doha (16/11). Bahrain (18/11). Damm295 words
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Advertisement664 1978-10-27 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****. Port Ketong Tel. *****1. Kuala Lumpur Tel *****, Penang Tel ***** Sineapoie Clean* limes *CY n Oct 0600 hrs CFS 78 Oct 1800 his IMPORT FROM East Canada and U S Atlantic. Gull K Pacilic FULLY664 words
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Page 14 Advertisements
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Advertisement680 1978-10-27 14 Hapag-Uoyd FULLY CONTMERBED TO EUROPE lmMm ■mm E^nn Cardan 4/12 J/12 28/12 30/12 1/1 3/1 EXPRESS CONVENTIONAL TO EUROPE S'pere PJl«bn| Pen Mm G«m tfbi»| Btiaven (dan Antwerp Fim—t— 27/10 24/10 13/11 26/11 24/11 20/11 22/11 toaria 13/11 5/12 30/11 15/12 13/12 9/12 11/12 Nnthfa 26/11 27/11 21/12 17/12 28/1?680 words
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Advertisement449 1978-10-27 14 Hsaf PTE/; Ll Nov 14/17 Itav 22/23 hilt/II Nov2V27 Nn 30/1 Mm 24/25 OK 2/3 Ok 23 Nr. 74 Ik 4 Ok 24/21 Itov 27/21 Ok VI Ok 27/21 H*3o Okl OK 31 OK II OK 27 Ok 22 OK 31 OK 14 OKI Ok 21 ha S Ok Mtil449 words
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Advertisement451 1978-10-27 14 KUW/UT 1/12 24/12 23/1 B. SHAHPUR 3/12 2C/12 25/1 ALSO ACCEPTMG CARGO FOR BAHRAIN AND ABU DHABI KM Kim /HiPPinG v TPfloinG pte. Ltd. ■r. fti Telex KMSPEED RS ***** Tel *****37 *****11 EVERGREEN LINE (EVERGREEN MARINE CORPORATION! FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTANER SERVICE ALSO ACCEPTMG CARGO451 words
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Advertisement803 1978-10-27 14 Everett Lines w riw Star s>i»i«| Carfß. BURMESE NATIONAL LINE B.F.S.S.C. Agents in Malaysia: TEPS MALAYSIA Port Keiang Tel (38) 7355 Penang Tel. *****/***** run wanna utii Nm 24/» Nm* 2S/27 Nm* 'Subftct to ■juctimt Transport acton Maritimi Mcxicana S. A. i thomajeioett/a vessel "J. LAURITZEN LINE" j<7lh_ Straits/Caribbean Service803 words
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Advertisement725 1978-10-27 14 ISI SANKYO LINE AUSTRALIA SERVICE P. Keiang Soigapore Looting for turner.... THREE ST/Ml SEAOLOOM.... MAT CMP m port sjuled sro. mel 1/ 2 NOV M PORT STO, Id. MEL 5/ S NOV 3/ 4 NOV OWL BROOME. FRE IC/17 NOV 13/15 NOV STD. MEL. MCI BANGLADESH SERVICE DIAMOND STAR. GENERAL725 words
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Page 15 Advertisements
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Advertisement447 1978-10-27 15 occ Overseas Containers Limited CWIMPIH MHKt TO BH/COWIiPl!: CONTAROSHP soma. FMM IK/CONTMENT: SHGAPORE MMSFIIO CONTMO SERVICES, PTE LTD 4X061 K LUMPUR CONTMCR AGENCK 2*432. PIEUM *****6/S PENANG GUTMtf BOUSTEAO SWPM AGENCK *2301/3 |Q Australia Straits Container Line (A on Of TK AMO CONSORTUMI Ro*o CONTAMRSHP SERVICE TO/FROM AUSTRALIA »l«h Guttrit447 words
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Advertisement1000 1978-10-27 15 GRANARD LINE S«J. I;. IM. I .SIM 3 3 3 NO t« litivlii f. NEST BOUND-fAR EAST/MEDITERRANEAN S'»M» P-Mm| Nf Laata|tar IMMSV.IM- 31 Od 3Nm (Mm OtaarftfP. M/«na*a/knl/ Lattata/Pkaaa*/Tital/>aa(ha«/ MFIMSV-20H.. IDK fl^ta^taa/OM^/latttaa; 1— I «a«H W.2IW 17 0k t sta/Mnata«/t*a*/L*tttaa PtaaM/TftaA/tM*M*/lta** I TAT U9. Ita t Sta/tautaia/taMt/latUta Pfcw/T.tal/1— K CONTMO1,000 words
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Advertisement721 1978-10-27 15 1 BEN LINE CONTAINERS CORTMB 8H TO/FROM QBOPI S pore P Um| a/11 11/11 31/ M VU (//ll 12/11 U/U HWK BHA«N NGonoaot/festna a/u m a 17/11 U/U »/n »/ii V/ 12 7/12 c»%«to 11/11 7/12 21/11 w/u 12/1 27/11 a/11 11/12 21/1 4/12 1/12 a/12 M/l 11/12 27/12 KMC721 words
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Advertisement799 1978-10-27 15 Scan Dutch V 33g j 1:11 jj ivi r« r:m.i »i: WESTBOUND TO MEP/UK/ CONTINENT/SCANDINAVIA i Irs* P Ma* mif «CA SaM ID KM Willi Spore I) Hwfc Mm 3) Htw( 4) Gbw| a/u u/u u/u li/ii a/u i/n n/n a/u a/n M/ii U/U a/U Vl2 7/12 VII 8/11 J/12799 words
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Advertisement403 1978-10-27 15 GUTHRIE BOUSTEAD agencies THE BANK LINE LTD LOADS FOR I S AFIOCA M (Mmnte Be» Dart* 11 PE. Capetaam) Kaantari Sport Fotnw SIM (Maanhav Dnrnm au»nfj Dwftw E L Pi CapMM) ««m(«i Sparc H k Part TadPi II FRORI EAST I SOUTX tfMCi <01 ORD STOK. FORIMC SIM eoco mis403 words
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Page 16 Advertisements
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Advertisement931 1978-10-27 16 K LINE KAWASAKI KISEN KAISHA. LTD. (VIA SUEZ by 1 TO EUROPE L Havre H burg Bremen Rdam ISO 12W bM 21 Od 15 NM 17 NM 18 NM 19 NM 21 NM 0 K9MOO «W 3Nm SNM 22 NM 24 NM 25 NM 20 NM 28 NM SMM 1W931 words
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Advertisement921 1978-10-27 16 U.S.A./EAST CANADA SERVICE MOTOR FCL/ICL CHIMBS FROH PEMNC. t BLANK. STORE moan dm »sen n/non 11/ 2Nn )/<»• v 7n> E C. GREAT LAKES SERVICE tar NORFOLK. MR TOM. MONTREAL TORORTO. ASHTAHAA, OTOOn. CMCMO Penang Brtaaan P Kelang Singapore CALIFORNIA/PACIFIC NORTH WIST SERVICE ut*. *r. in mmv im mmuat umt921 words
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Advertisement938 1978-10-27 16 NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAMERtSED SER 4INmIINm 27 Nm 19 Nm 31 Itee IDk 2Ok 4Ok 1« Nm II Nm 4 tec (tec I tec tec II tec 12 tec 23 Nm 25 Nm 11 tec 13 tec IS tec II tec 17 tec tec938 words
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Advertisement635 1978-10-27 16 53 MAIWSIAN INTEPNATIONAI SHIPPING CORPORATION B[ftHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA ICTD» Feeder *PMM| Ms* FUKOCA SM IB" HUMCOCA 4/11 TOTM OUHOU 11/11 KOMBM FMNCBCA 11/11 NCD MOWT S port 1) IfcoAes 2) Mam 3) H bw( 4) Gtwr( n/u u/u i7/ii is/11 a/u t/ii a/u x/ii a/u a/ii635 words
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Advertisement724 1978-10-27 16 INTRASEA (PTE) LTD. f HOUSP J-1E Orch.va S.MCi Siry.i; jrp Telephone }S4i)^ REGULAR MEFOBOn SOi/RIl CONTMO SERVICE TO EMK Spore P krunj lap** Mr: uraoanßs wi nnh JI O<l 3M I<H HI«I MTTA *1 (Co* M> 4 Nm s WriM Mi<w«n 7 Nm 2 J NM Mb mtuu (fit) IT®724 words
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Page 17 Advertisements
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Advertisement247 1978-10-27 17 SHIPPING FAR EAST WEST AFRICA SERVICES CONTAINER SERVICE ETA STORE ETA LAGOS M.V. YUE FLOWER 25 Nov 21 Dec (Aho accepting cargo for Port Harcowt and Tenu) BULK SERVICE (NON-CONTAINERISED) BRKART SOUTHEAST ASIA PTE LTD STORE *****66 BftKAJU SON BHB KL *****1/3 PENANG ***** WEST BOUNO LOADING FOR MUSCAT. DUBAI247 words
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Advertisement208 1978-10-27 17 G> Seatrain S( Full Container Service to USA FEEDER «l STORE MODO V& Ml Vmml 30/1* Mai OAK U Olf l/C VMM* 7/11 1/11 5/11 23/11 21/11 27/11 1/12 15/11 3/12 1/12 7/12 11/12 Full Container Service from USA motto va. i/c w ok u m feeder »a s -rm208 words
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Advertisement214 1978-10-27 17 EGYPTIAN EGYPTIAN FLAG INTERNATIONAL LINE EIL FAST AND WRECT LINER SERVICE TO E6YPT (PORT SAD ALEXANDRIA) STORE PT KEL PEAAHG PT SAB ALEX GENERAL AGENTS: L.N. SHIPPING PTE LTD Tel: *****11 (Smgopore) TLX R*****7 SUB-AGENTS: H S H (M) SON BH& Tel: *****3/*****7 (KL) *****6 (PT KELANG) *****2 (PENANG) MED-AFRICA214 words
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Advertisement271 1978-10-27 17 @+{-=`$>,$'&]+:]!<(.*</!(><_,=_ DOWA LINE CO. LTD JAPAN M.V. "SARUNTA I" Arrived 22.10.78 at PJ». Wharf Godown 302 General survey on damaged cargo discharged ex the above vessel will be held on 28th October, 1978 from 9.00 am to 12 p.m. No further survey will be held after this date. NG TEOW271 words
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Page 18 Advertisements
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Advertisement37 1978-10-27 18 J0 X v\ "T\ f tj 33^.,. N. v jm N fT As of Nove you can reach NecMoyd EAC agencies pte. Ltd. Nedlloyd House. 1 Finlayson Green. Singapore 1. Agents for: Nedlloyd Lines and Scan Dutch37 words
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