The Business Times, 6 December 1978

Microfilm: NL9923
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, DECEMBER lfR 50 CENTS
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  • BRIEFLY...
    • Article
      Submarine cables
      38 1 WORK on laying submarine cables linking Singapore, Malaysia and Thailand will begin in late 1980, the Telecommunications Authority of Singapore announced today. A survey started early this year has found the proposed routes to be suitable.
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    • Article
      Lock icon Friendship treaty
      57 1 Reuter r g MOSCOW, Tues. The Soviet Union strengthened its position in a strategically vital part of Asia today by signing a friendship treaty with its southern neighbour Afghanistan. The accord was signed here by Soviet President Leonid Brezhnev and Afghanistan's left-wing leader Noor Mohammed Tarakki, who took
      Reuter  -  57 words
    • Article
      Lock icon Out of EMS
      80 1 UPI BRUSSELS, Tues. Britain will remain outside a new European Monetary System when it goes into effect on Jan 1 but will align the pound with the currencies of its Common Market partners, a spokesman at the EEC summit said today. Britain will be attached to the
      UPI  -  80 words
    • Article
      Lock icon Arab food crisis
      76 1 Reuter DUBAI, Tues. The Arab world is facing a food crisis and is spending an equivalent of US$5 million (Ssll million) a day on food imports, said the secretary general of the Arab Economic Unity Council, Mr Fakhri Kaddouri today. He urged Arab states to form a
      Reuter  -  76 words
    • Article
      Lock icon PAL's buying deal
      69 1 UPI MANILA, Tues. Philippine Airlines (PAL) announced today it has authorised a FYench investment bank to organise a 15-year fincancial pakage for the purchase of three Boeing 747 jets. The unusual scheme is called a "leverage lease," said PAL chairman Roman Cruz, Jr. Under the plan, a
      UPI  -  69 words
    • Article
      Oil producers still divided
      67 1 ABU DHABI, Tues. United Arab Emirates Oil Minister Maneh Said A 1 Otaiba said today oil producers were still divided over how much to increase prices for 1979, and he could not predict the outcome of the Dec 16 Opec price-fixing conference. "It is difficult to
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    • Article
      Lock icon Revising target
      71 1 AP TOKYO, Tues.— JAPANESE Prime Ministerdesignate Masayoshi Ohira said today he saw little chance of Japan living up to its promise of achieving a 7 per cent growth rate in its gross national product (GNP). "Domestic demand is progressing nicely but because of the high yen our exports
      AP  -  71 words
    • Article
      Lock icon Dow Jones
      45 1 AP NEW YORK, Tues.— The stock market advanced slightly today. The Dow Jones average of 30 industrials edged up 0.78 to 807.61 in the first half-hour. Advances took a narrow lead over declines among the issues listed on the New York Stock Exchange.—
      AP  -  45 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      125 1 Rises Most Active ST P 1975 Tractors Syn Ream* Ounlop Eft 770 468 120 336 +65 +20 12 10 Consplant M Banking UOB 255,000 164.000 108,000 Oriental Hldgt 470 +8 Sime Darby 94,000 Sthn Kinta UAC Time* Pub 590 300 293 +5 +5 +5 Total Turnover: 2.97m
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    • Article, Illustration
      In Kuala Lumpur
      156 1 Falls Most Active OC BC 7.85 -.25 Sime Darby 349.000 C A C 5.35 -.20 Con Plant 289.000 S Trading 5.60 -.20 M Credit 175.000 M Banking 5.90 -.15 Sun Resins 148.000 Sel C'nuts 3.06 -.12 Total Turnover: 2.50m HI IX) 3.38 -.12 Total Value MS 6.30m
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  • Article
    Plan for 5 auto plants in Asean
    751 1  -  TARIFF CONCESSION REQUEST By FONG MEW LENG ASEAN governments will soon be asked to grant tariff concessions to form a regional market to promote five automotive projects, one in each of the Asean countries. The motor industry believes foreign investment is vital to
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  • Article
    Lock icon Dollar falls in heavy trading
    199 1 UPI Reuter THE US dollar yesterday continued its spectacular decline against the yen on the Tokyo foreign exchange market following its first setback in a week on Monday. Trading was heavy. The dollar closed out the day at 196.80 yen, a sharp drop from Monday's
    UPI; Reuter  -  199 words
  • Article
    Special Thai unit to handle recruitment
    520 1 A SPECIAL section to recruit Thai workers for Singapore employers has been set up by the Thai Labour Department under the Ministry for Interior Affairs. Thai sources said employers planning to employ Thai workers have to go through this new unit. It will also
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  • Article
    OIL OUTPUT SLASHED
    128 1 AS political and economic turmoil continues in Iran, oil officials said strikes had cut production in the world's second largest oil exporting country to only 60 per cent of normal for the second day running. The officials said early indications were that production might even have dropped
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  • Article
    Trade is shaking off rupiah shock says new envoy
    280 1 SINGAPORE'S experts to Mmdi, saflered a 71 per eeat top In veiame dariag the drat twe weeks fellewtag the devalaattoa ef the raplah tact mmtk. Bat the ritaatisa has itsMßeed aad experts to lataoh are expected to be keek to their
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  • Article
    POSB sounds out depositors on current accounts
    381 1  -  By WANG LOOH KEAH THE POST Office Savings Bank is asking depositors if they would like the bank to operate current account faculties. If this step is taken, the POSB would be actually moving into commercial banking. Two questions in an ongoing POSB
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  • Article
    Lock icon Long-term trading
    69 1 Reuter ASEAN countries will raise the question of long-term exemptions (or their products from EEC restrictions at the coming EEC-Asean meeting in Jakarta. Indonesian Foreign Minister Mochtar Kusummaatmadja said this yesterday after a meeting with President Suharto. He said thus far few restrictions have been imposed on Asean
    Reuter  -  69 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      30 1 whatever you need in jrienswear,get it at... MOHAN'S DEPT. STORE (PTE.) LTD. 321 Orchard Road X *****22 (naxt to Mandarin Hotel) Branch: 101, Tvigiin Shopping Centra T* *****40 Daily 9am-9pm *`;)(=`:*'\@@>"&(!{:.,'+)]/`-_@
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    • Advertisement
      Page 1 Advertisements Column 2
      67 1 r BIRKART FREIGHT NEWS SIMPLIFY YOUR EXPORT ARRANGEMENTS AND SAVE COSTS THROUGH BIRKART'S LCL AND FCL CONSOLIDATION SERVICES FROM SINGAPORE KUALA LUMPUR ft PENANG HAMBURG ROTTERDAM SOUTHAMPTON LONDON HONGKONG AUSTRALIA For rates and further details contact: Birkart Southeastatia Pt«. Ltd. Suite 1004, CPF Building, 79 Robinson Road, Singapore I Tel:
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    • Advertisement
      Page 1 Advertisements Column 3
      54 1 THE inetn l*» FORUM :TW FRANCEtei the MBpuy ACCOSQ m EMS fir Irtrrvftl—the pipe «f Uaiveni- UN Ifiw trigger ahare Ht»m 7 aj U the Chi- PACIFIC Be—ree w»ati a 7 stake la rrglml «0 iaiastry —It CBOSSWOBO t,TV RADIO f, BRIBTOW 7, STRAWS IN THE WIND 7, AIRCRAFT SCHEDULE
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    • Advertisement
      Page 1 Advertisements Column 4
      223 1 VKMM.SPORTMQ HOUSE PTE LTD SOI tk««i c*M* Singapore T* MHM3 A agMM Leader ...Page C w I.IWJ ,—~,i The Editor 4C—a robust, yet very elegant machine. The heavy-duty Editor 4€ is built for continuous use This is a very tough, fast typewriter that is easy and reliable to operate. It's
      223 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Contribution and name upset Asean
      621 2  -  By FOO CHOY PENG ASEAN countries are generally unhappy over the Japanese proposals on the new < entre that will replace the South-east Asian Promotion Centre for Trade, Investment and Tourism (Seap 'ntre) in Tokyo. Most of them are not keen vn the Japanese choice
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    • Article
      Measure of progress in going metric
      303 2 THE RETAIL trade in Singapore has made considerable progress in changing to the metric system introduced here seven years ago. This was reported by Mr Baey Lian Peck, chairman of the Singapore Metrication Board, in the board's annual report yesterday. He said the programme
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    • Article
      STANDARD TRANSPORT FOR ASEAN
      273 2 /..SEAN should standardise i'S transport and communications systems to ease maintenance work and ati act investment. The suggestion was made by an Indonesian engineering consultant, Mr Sularto lidisuwarno, in apaper p esented at a convention erf Engineering Institutions of uth-east Asian Nations" ii Kuala Lumpur. He
      273 words
    • Article
      Foundry industry invited to fairs
      147 2 LOCAL furnace and foundry manufacturers have been encouraged to attend three highly-specialised trade exhibitions in Dusseldorf, West Germany, either as visitors or exhibitors. Korea, Taiwan, Japan and Hongkong have participated in previous trade fairs, but Singapore has not attended any so far, according to Mr
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    • Article
      Nippon Steel to help build $4b plant in China
      260 2 JAPAN'S Nippon Steel Corporation has Initialled a 400 billion yen (5J4.2 billion) contract with Chins to help build a modern steel-making complex at Paoshan, near Shanghai, Nippon Steel said in Tokyo yesterday. Under the contract, to be signed by Dec 23,
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    • Article
      Extra mural courses at more centres
      182 2 COURSES conducted by the Department of Extramural Studies, University of Singapore, have been decentralised to cater to a wider group of adults and to serve the public better. While most courses are still conducted at the Buklt Timah campus, an increasing number of them
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    • Article
      Rediffusion — hearing is believing
      48 2 Rediffusion hearing is believing REDIFFUSION, Singapore's other audio station besides Radio Singapore, can boast a daily audience of 364,000 tuning in to one of its two networks. The 1978 Survey Research Singapore Media Index, released recently, shows that Rediffusion has increased its following to 420,000 listeners every week.
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    • Article
      Go downstream call to rubber producers
      713 2 MALAYSIAN Primary Industries Minister Paul Leong yesterday urged rubber producer! to extend their activities into downstream opera boos instead of leaving the manufacture of rubber products to foreign entrepreneurs or others outside the rubber industry. "(The producers) certainly have the financial and manpower resources
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    • Article
      World Bank loan for Perak farm project
      309 2 MALAYSIA will receive a U5526.5-million (about MSSB.3 million) loan tram the World Bank for an agricultural project in Perak. The 17-year loan, including four years grace, will have interest of 7.35 per cent per annum. The economic rate of return would be 20
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    • Article
      Tin concentrates
      139 2 MALAYSIAN production of tin concentrates for September was 6,825 tonnes, compared with 7,252 tonnes the month before, consisting of 5,151 tonnes of metal, based on the true assay of 75.47 per cent. The average daily rate of production was 228 tonnes of tin concentrates compared with 234 tonnes
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      227 2 Why not give yourself the gift you deserve. You may not have considered buying yourself a gift this festive season but there are some things which are too important to be left to chance. Like The Asian Wall Street Journal. The Journal is a business tool designed to be used
      227 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      655 2 u TWOIHCRYPTIC PUZZLE f ACROSS L 1 Possibly takes nourish- I ment (5) t 6 Will it stick glass? (5) I 9 They picture great times I on the river (7) 10 For whom politics are r fun? (5) 11 Town pyres, possibly? p (5) 12 Reduced tickets? (5) 13
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      389 4 THE Singapore rubber market yesterday closed slightly higher with December One RSS buyers quoted at 235.50 cents per kilo, up 1.50 cents from Monday night's close, dealers said. Morning prices were marked up on higher London advices, short-covering and covering interest, they said. The afternoon session
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    • Article
      RAS PRICES
      357 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 234.50 235 50N 234.75 235.75N Int. 1 R.S.S. Dec 235 00 235 50 235.50 236.00 Int. 1 R.S.S Jan 239.25 239.75 239.25 239.75 Int. 2 R.S.S. 232
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    • Article
      SSR and SMR
      94 4 NOON SSR and SMR prices yesterday: BAR (Cam ■t Mill) Seller* (FM 1Kb vi laaaary rwart Mtt) SSR 20 SSR SO (1-ton pallet) (1-ton pallet) 236 M™ to 233.50 r* M) 238.SON 235 SON <«* 237.50 234 50 ■taper kg) 239.50N 236 50N MRELB SMR5CV SMR 5L
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    • Article
      Closing prices
      29 4 Rubber: Dec 5 Singapore: December: 235.60 cents (up 1.50 cents) Malay sin: 237.50 (up $1.50) Tin: $1,8*6 (down $60 Official offering: 221 tonnes (up 9 43 tonnes
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    • Article
      Sugar
      186 4 RAW sugar futures opened below kerb levels with on balance losses of £1.20 to £0.80 per tonne in London yesterday morning. Trading was thin but hesitant. Dealers said New York reports of a possible 100,000 tonne Brazilian raw/EEC white sugar "swap" deal between Iran and a French trade house
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    • Article
      Rice
      188 4 THE BANGKOK rice market was closed yesterday for the King's Birthday holiday. Monday's prices were quoted as follows: (In US dollars per tonne F O B. basis Bangkok) White rfee: 100 pet Ist class 340. 100 pet 2nd class 325, 100 pet 3rd class 320, 5 pet 313, 10
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    • Article
      Produce exchange
      364 4 COMMODITY prices fell sharply on the Singapore produce market yesterday. Prices of pepper were reported to have been marked down to as much as 92.50 per picul. Dealers said the downtrend was mainly due to the lack of buying interest in the market. One pepper agent noted that
      364 words
    • Article
      Hongkong Comex
      176 4 SUGAR futures trading remained quiet in Hongkong yesterday, with five lots traded against three on Monday, dealers said. Dealing was restricted to March delivery, which closed at US 8.55/60 cents against Monday's 8.68/71 close. The daily spot sugar price was unchanged at 7.70 cents. Sugar futures closing prices:
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    • Article
      SPOT PRICES
      188 4 YARN and cotton in Hongkong dollars. spot ex-godown: Cirtn ym: China Blue Phoenix 20b 2.250; 32s 2.810; 40s 3,025 (per bale of 400 lbs). Ptoce gwrib: China Butterfly and Globe brand unq; Dragon Head unq; Five Lair be unq; Flower and Butterfly unq; Flying Geese unq (per piece
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    • Article
      Coffee
      173 4 ROBUSTA futures ended a subdued opening quietly steady £3 up to £5 down from Monday's night in sales of 63 lots. Dealers said there was little initial trading interest and prices moved within a narrow range on market orders. Continued uncertainty still reflected mild producers' selling policy. Arabica futures
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    • Article
      Palm oil
      68 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Friday Previous Malaysian SHffa bulk per tonne January unq aoosir Sumatra 5% (fa bulk November 612 50slr ao5pd December fllOslr 812-50slr January «07 50slr 607.50s Ir February 805slr 006slr March OOOslr 802 50slr Nigeria 5%
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    • Article
      Soybean
      218 4 SOYBEAN oil futures sank nearly limit down in several contracts before climbing off their lows in Chicago on Monday. Prices ended 0.72 to 0.15 cent a lb lower. Meal futures, while also under pressure most of the day, found some stability in commercial support. Prices closed $1.70 to 10.90
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    • Article
      Wheat
      191 4 WHEAT futures extended small opening losses to stand 4-1/4 to 3/4 cents a bushel lower by midsession in Chicago on Monday. Analysts attributed the declines to widespread commission house liquidation of nearbys, which they said followed an upward revision by the UN Food and Agriculture Organization of its world
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    • Article
      Straits tin
      258 4 THE Straits tin price in Penang yesterday (ell IQ6O per picul to $1,886. but still $186 above the International Tin Agreement ceiling, dealers said. Lack of fresh buying and the overnight tall in London Metal Exchange caused the market to weaken sharply. A slightly larger contribution of tin
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    • Article
      Lead
      116 4 LEAD ended the morning unchanged for cash and £1.25 per tonne down for three months in London yesterday morning. The market moved irregularly with early fresh buying and short-covering after Monday's shakeout taking three months up to £406.50 per tonne. However, lack of follow through buying on the ring
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    • Article
      Zinc
      58 4 ZINC was £3.25 down for cash and £3.50 lower for three months in London yesterday morning. This market lacked fresh feature of its own and values moved irregularly lower in line with the general trend. Sales were 2500 tonnes, most of which were carries. On Monday, zinc was up
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    • Article
      Aluminium
      85 4 ALUMINIUM was £5 per tonne lower for three months in London yesterday morning. The market was lower with the general trend of base metals but met some fresh buying and shortcovering at the lower levels. Sales were 975 tonnes. On Monday, aluminium closed up £3 for three months at
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    • Article
      Cocoa
      188 4 TERMINAL cocoa gained £23 to £12.50 per tonne at the opening call in London yesterday morning despite modest trade selling of near March. Traders said the advance was partly geared to New York with outsider and manufacturer support featured. They said indications pointed to renewed trade enquiry in resale
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    • Article
      Gold
      382 4 GOLD futures in Singapore yesterday closed little changed reflecting market uncertainty over today's IMF gold auction, dealers said. Trading was quiet and turnover fell to 57 lots compared with 99 lots on Monday with interest still centred in February, April and June. February closed at U*****.40/60 per ounce compared
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        438 4 THE US dollar firmed against most major currencies yesterday on the foreign exchange market after opening at levels lower than Monday's clone. Opening at 197.50/60 against the yen, the dollar was traded to 196.30/40 near lunch time. It recovered in early afternoon before Tokyo's close at 196.70/90 on
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      • Article
        Asian $ rates
        178 4 Asian rates ASIAN currency deposit interbank rates as at close on Dec 5: US DolUr*(Spot) Offer BM 7 days 10 9'» 1 month 10 15/1610 13/10 2 months US/16 113/16 3 months IP* 11'* 6 months 11 ll*« 0 months 11S 11'» 12 months 11». 11'« 1 month 3 months
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      • Article
        Discount
        51 4 Ran(e of pr ices offered by diMOUt bout tea oa Dec 5: Overnight 3 to 4% Call deposits 4% Cioaiag Bayiag SeIliac 3 month Treasury bills 4 3"« 3 month Bank bills 7'. 7 3 month CD 7». 7', S month CO 713/1« 7 11/14 Source: National Discount Co
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.5 per cent.
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      • Article
        Zurich
        66 4 ZURICH exchanges closing quotes on Dec 4: US 1.710 7145 Stg 3.3222 300 CM 1 4803 4121 Dmk 0 410 5441 Ofl H .S8 12.031 Ftr 0.(4(4 720 arr i sm tea Dkr ***** 7413 Nkr 33 1142 ISfi Skr 38 4814 5281 Lit IJM Vll Aim ark *****4
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      • Article
        London
        281 4 THE dollar firmed from opening levels in busy though thin trading in Loodon yesterday, following a statement from Bundesbank directorate member Leonhard Gleske that present bilateral intervention points between Joint float members will be maintained when the European Monetary System (EMS) comes into force, dealers said. The dollar rose
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      • Article
        New York
        116 4 THE dollar closed lower against major currencies in quiet trading in New York yesterday, having posted most of its losses in early trading, dealers said. Overhanging the market, dealers said, was nervousness about the outcome talks on the proposed European monetary system being held in Brussels. The dollar
        116 words
      • Article
        Hongkong
        141 4 THE US dollar fell from overnight US levels against most currencies in late trading in Hongkong yesterday, dealers said. They said trading was fairly quiet and very nervous with the market awaiting the outcome of the EEC summit meeting in Brussels and details of the proposed European monetary system.
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      • Article
        Tokyo
        210 4 THE US dollar for overnight delivery closed weaker at 196.80 yen in Tokyo yesterday, compared with a 197.70 opening and 189.70 at Monday's close after falling briefly to 196.20 yen, dealers said. The BanH of Japan was believed to have resumed dollar-support intervention in afternoon trading, buying an estimated
        210 words
      • Article
        Frankfurt
        31 4 FRANKFURT exchanges opening quotes yesterday: US 1.9095/10 -Can 1.6300/30 Stg 3.714/724 Dfl 91.60/ TO Sfr 111.45/70 Lit 2.244/254 Ffr 43.16/26 Nkr 36.96/37.06 Bfr con 6285/275 Bfr On 6.12/6.16 Yen 0.9880/0.9710
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      • Article
        Australia/NZ
        54 4 AUSTRALIA/NZ exchanges quotes yesterday: US dollar 11*1 ***** Sterling 0.58J 057*7 Ninety-day air mail buyta* rate*: Sterling 0 (085 US dollar* OJMS Ninety-day forward buying rate*: Sterling 117 M US dollars 113H New Zealand Sterling Ci* 0.51(3 US dollar 1.(522 I.MZ2 Ninety-day air mail buying rates: Sterling O SBt
        54 words
    • Article
      Copper
      230 4 (TOPPER wire bars finished the morning down £4 for cash and £5.5 for three months 'n London yesterday. The early pre-market declined under commission house liquidation prompted by the overnight decline at New York but the lower levels found some covering support against US and Far Eastern demand. Three
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    • Article
      Silver
      178 4 SILVER finished the morning down 2.8 to 3.3 pence per troy ounce in London yesterday morning. The pre-market dipped following the decline at New York with some nervous selling evident in front of the IMF gold auction today. Light short-covering gave subsequent support and three months traded from a
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      159 4 What profits have you made on your investments n this year? /Wage Annual Return (A AR) Dec 1977 June 1978 Sources of the Data Gold based on the London fixing Silver based on New York spot prices Total Return of Common Stocks Standard Poor's Composite Index Diamonds based on finest
      159 words
    • Advertisement
      Page 4 Advertisements Column 2
      28 4 THE OCBC trade-weighted Index for the Singapore dollar yesterday fell 0.07 per cent to 108.52. The Index Is calculated against the currencies of Singapore's top 12 trading partners.
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      171 5 EXPO BRASIL 78 Shangri-La I lotd Singapore December 6-10 BRASIL I*he Brazilian Exhibition is sponsored by The Brazilian Ministry of External Relations Itamaratv J Designers and contractors: Arquiprom Arquitetura, Promogoes e Comercio Ltda. The colour, wealth and beauty of Brazil. It's all at Expo Brasil 78, Shangri-La Hotel, Singapore, December
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  • Article
    POSB keeps banks on their toes
    333 6 IT MAY be a little early in the day to infer that the Post Office Savings Bank (POSB) has plans to go into retail banking purely on the basis of the information it looks for in its questionnaire to depositors. But from what it
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  • Article
    Time to re-vamp takeover code?
    259 6 MERCHANT bankers, Morgan Grenfell (Asia), remained surprisingly quiet yesterday regarding the sharp rebuke delivered to them by the Stock Exchange of Singapore. When asked to "kindly explain" by so senior a body as the SES, one would have expected immediate compliance. However,the tardiness of the
    259 words
  • Article, Illustration
    The stewardship that the director cannot afford to abuse
    2137 6  -  THE law in Singapore carries an important subsection forbidding a director to act in his own interests or in the interests of his family, at the expense of the company. Because family relationships are so important here, this can have a
    2,137 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      167 6 'Future Generation' miyjr m- <» m s I i> s I Sherry You don't have to pay a high price for a good Cream Sherry. fan Another quality product from T«l: 431M1 *1 mm re m ■HMM i si" flr" Hotel ROyaiRAMADA Newton Road, Singapore 11, Republic of Singapore Telephone:
      167 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 WEATHER OUTLOOK for Singapore from 6 a.m. to noon today: isolated showers around midday. Repert for 24 hears prier to 7.3t p.m. m Dee 5 at the airpert: Maximum temperature 31.0 Associated humidity 67 Minimum temperature 22.9 Associated humidity 97 Hours of sunshine 7.30 Rainfall in millimetres 10.8 Total rainfall
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      242 6 TsWRIRWDriTD SINGAPORE 5 PM Opening followed by The Beverly Hillbillies Welcome To The Family (Repeat)* Diary Of Events (Malay)* Bonanaza Frenzy* Intermission PM Opening followed by Petticoat Junction Whiplash (Repeat)* News in Brief* Timang Tinggi Tinggi (Malay—Repeat)* Candid Camera* 7.30 News and Newsreel in Malay* 7.55 The Music Man* 8.05
      242 words
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  • Article
    Lock icon DOLLAR SWINGS BACK
    831 7  -  JUBILATION TINGED WITH CONCERN By LEONARD SILK NYT AMERICAN effidals are jakUaat ever the lint msath's experience is the ftmpilp to prep op the dsllar, bat their ebalHeaee is ttaged with MM— sheet seme (stare risks, lacladlag eii prieiag, aeeeleratlßg Americaa laflattea sad meves to lategrate Esrepeaa
    NYT  -  831 words
  • Article, Illustration
    Lock icon France tops China's shopping list
    914 7  -  THE voracious Chinese have signed another long-term trade agreement, this time with France. This covers a potential US$l3.6 billion(Ss3o billion) worth off exchanges between the two countries, extending through 1985. ANDREAS FREUND reports. ANDREAS FREUND NYT FRANCE AND CHINA have just concluded a longterm trade
    NYT  -  914 words
  • Article
    STRAWS IN THE WIND
    379 7 THERE are still motorists who find driving into the Central Business District a new and exhilarating experience. A school-teacher recently found she had to enter the CBD during the restricted hours. She dutifully drove to the nearest ticket booth, paid her $4 (which surprised her since
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  • Article
    COSTLY DEBATE
    990 7  -  FOBUM ...with John Tan THE 10-year old Merdeka University proposal in Malaysia has taken on a new twist. For years, backers of the university have threatened to press the matter in the courts on the grounds that barring the university would be unconstitutional. Over the weekend, it wss
    990 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      337 7 1 a r Mfel Jb. I An<ghWylM»tHli«Mßtyao>o»WMHpMWl(OnW<fcM» touiiwa ehoto«ol fx. bWbi—, amiton. we* k tmm m>n«. MmMMlinlMlMM. own wrm wry wrxx i >j3H •V; •CM* Craft*! Oatty Bu iwnu n rv\ n OKMDMN2MC i t m P> 8 f w You 11 few like royalty at the Rang Mahal. Palace
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      42 7 Scene Q sun drenched m -Hne R»c.»fie "TVte. «n«Vv?b»VorvtS «»\v on vhe cofol Sancte bereorth -rtre uxjVing palmS ondi S\p -mev P\an*e/* V^nCh LOOK OP iH De Hefce come Pe i b\& siLvefc. J e>^o... Eta spioßeD 1 —ft CHESTeE- PLPIN^ 1
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Investors cautious
      595 8 TOKYO THE NIKKEI Dow-Jones average declined slightly for the first, time in six days, since most investors turned cautious in the afternoon session against the recent sharp rise in stock prices. However, turnover and total sales value were extremely Urfge. In the morning session. large-capital stocks such as
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    • Article
      Lock icon Hongkong
      384 8 Source: SHK Sec Ltd > >o M PRICES OPENED sharply higher in response to higher prices in London and fresh iooal and overseas investor Interest, but ran into heavy Profit-taking at the higher fowls. In a Hurry of activity most gains were wiped out and pfices returned to Monday's
      Source: SHK Sec Ltd  -  384 words
    • Article
      Sydney
      304 8 THE MARKET closed mixed with industrials generally firmer and minings tending weaker, dealers said. BHP rose 12 cents to A 18.50, the ANZ 12 cents to $3.92, the Bank of NSW 4 cents to $6.50 and the National 2 cents to $2.45. CSR dropped 4 cents to $3.33 while
      304 words
    • Article
      Manila
      90 8 DEC Pesos Aco)e Mining Atlas Con. A Atlas Con. B Baguto Gold Benguet Con. B BF Goodrich CDCP tnco B Landoll Le panto B Marlnduque B Meralco Oriental A Oriental B Phil Overseas PhllexA PhllexB Plcop A PIcopB Pioneer PLDT PodcoB Pogel San Miguel A San Miguel B Sea/ront
      90 words
    • Article
      Bangkok
      6 8 Bugktk market elwed Klag't MrtMay
      6 words
    • Article
      Gaming shares suffer setback
      1173 8 NEW YORK GAMING shares suffered a setback as the New York stock market turned in a weak performance in moderate trading on Monday. Resorts International, which has the only operating casino in Atlantic City, saw its chances (or a permanent gaming licence threatened by a list
      1,173 words
    • Article
      Boeing 747s for China?
      76 8 BOEING said it is holding negotiations with China on the possible sale of 747 Jets. However, a company spokesman said Boeing was not in any position to confirm any sale and any announcement would come from China. There have been published reports that Boeing was in
      76 words
    • Article
      TORONTO
      275 8 DESPITE a weakening influence from New York and news of a C 5613.2 million drop in official foreign reserves, the Toronto stock market recorded a small advance in active trading. Volume fell to 4.08 million shares from 5.14 million shares at the close last Friday. The composite index was
      275 words
    • Article
      JO'BURG
      207 8 GOLDS were banter la tfeia trade ea higher WBm price laMhaa m M—iay. Dolen rati higher prieei Imm MMi galas ap I* Mceate. DEC *4 R&nd INDUSTRIALS unch ♦7 +5 Tongaat Trust Bk Un 8t«el Unlsec 315B 37 35 112 4M unch unch unch Abercom AE And CI AMIC
      207 words
    • Article
      Zurich prices close narrowly mixed
      544 8 EUROPEAN MARKETS ZURICH prices were narrowly mixed on Monday with no new factors in the market. Dealers said both Swissair edged higher in transports. Among irregular banks, Swiss Volksbank declined. Inter-pan continued lower in financial*. Zuerich bearer was a firmer spot in otherwise little changed
      544 words
    • Article
      Zurich
      178 8 DSL' 84 Francs Actions Suisse j 273 1 Alusuisse Br 1000 -5 Alusuisse Ret 4*2 -8 Brown Boverl Br 1965 418 Clba Oelgy Br 1080 ♦S Clba Oelgy PC 875 15 ClbaOelgy Reg 832 ♦1 Credit Suisse Br 2170 urvch Credit Suisse Reg 422 ♦2 Elektrowatt Br 1810 -10
      178 words
    • Article
      Amsterdam
      160 8 Dec M FU ABN ***** ♦0.5 Ahold 101 00 -1 Akzo 28 70 •04 AMEV 85 SO 11 Am (as 100 SO -22 Amrot Bank Brrfosi 15 40 ♦0.1 Berk Bols ".I! 68 70 -0 8 Borsumll Burhmann Byenkorf r»so ♦0 5 CaJvf Delft Dell MIJ 110 00 ♦2.8
      160 words
    • Article
      Frankfurt
      225 8 DEI' M Dm 47-Aef-Telefunken Akzo Allz Leber) Allz Vers 78 10 26 50 740B 495 -0 6 +S ♦a BASF Bay H T Wbank Bay Vbank Bayer BBC IM 00 315.(0 327 50 140 00 300 *0 -0 3 +0.4 15 -0 5 -02 BMW Cassella Chem Verw Com
      225 words
    • Article
      Paris
      276 8 DEC M Fr» CORREILLE Alr-Uqulde BSNOfmli Danone CS F (Thorn »onCtf) Cle Francaise dfs Petroles Compacnle Financier* Compacnle Generate Credit roncter 385 MS 139 SO M(0 ♦0.1 ♦7 ♦4.# ♦2.6 -•.1 Dp France Haehette (Ubralrte) Machines Bull MichellniBI Paribas Pechlney Clglne Kuhlmann 433 M 233 52.M 1235 206 M
      276 words
    • Article
      Brussels
      95 8 Dec M Fn FORWARD MARKET Acer 417 unch ArbeO 2040 -15 Astur 990 unch Brascan 454 Bru-Lamb 1920 10 Canpac 660 ♦4 Cock 4oe 14 Dc B«*rs 194 unch Ebes 2395 -20 El retro b*l 7100 +80 Gb-InnoBm 2630 -20 Or* 1340 20 Hobo* 2450 -30 Petro 3320 10
      95 words
    • Article
      Milan
      99 8 Dec M Ure 4VAnlc 30 unch Assoc G»n ***** *300 Bastogi 513 -1 Ontral* 4«00 50 Flat 2979 ♦79 FlnfMSer 148 75 9.75 Ofn lmmob 78 50 2 IF1 Prt 2403 34 Italcemenu ***** 240 lulms 790 7 ItalMdtr 347 50 28 5 Macneti M Pf 539 unch Marplll
      99 words
    • Article
      CHICAGO BOARD OPTIONS
      1546 8 On December 4 CHICAGO Board Options Exchange volume slipped to 132,769 contracts from 152,086 last Friday. OPTION JAN APL JLY STOCK Alcoa 40 71/4 81/4 NOL 47 Alcoa 45 35/8 51/4 UNTRD 47 Alcoa SO 1 3/8 26/8 4 47 Alcoa 90 UNTRD UNTRD 11/4 47 Am
      1,546 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      76 8 SjEAGUUr A WQiratitatswein Rheinhessen White Quality Win* White Quality Wine Net Contents 0.70 L. Ale 9,7 °h Vol. A. P. Nr. 4 907 157 59 75 Imp. by i Jardlac Swdllindi (Singapore) ft* Ltd.. Sandilanda Hon 10eC Paalr Panfang Road. Singapore 9. Produced and bottled in Germany WEINKELLEREI LOUIS fiUNTRUM
      76 words
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  • OVERSEAS
    • Article
      Lock icon Mechanism for EMS intervention
      558 9 Reuter COMMON Market leaders reached agreement on the main element of a European monetary system, the mechanism for central bank intervention to stabilise currencies on exchange markets. Disclosing this, French President Valery Giscard d'Estaing said the summit leaders had a long technical discussion of the intervention
      Reuter  -  558 words
    • WORLD IN BRIEF
      • Article
        CIRCUIT WIZARDRY
        511 9 INTERNATIONAL Business Machines Corp of the US said it has developed new silicon circuit technology that achieves nearly a tenfold increase in circuit density over existing types of circuits. It added that the experimental IBM one-micrometre circuits are believed to be the smallest silicon logic circuits yet fabricated
        511 words
    • Article
      Lock icon Central bank move reduces UK reserves
      376 9 Reuter BRITAIN'S official reserves of gold, foreign' currency and special borrowing rights fell by US$3O2 million (*****.2 billion) in November, the government announced. The Treasury said reserves for the month stood at <15.49 billion. Officials said the drop reflected intervention by the Bank of
      Reuter  -  376 words
    • Article
      Lock icon Philippines floats 15b yen bond
      116 9 Reuter THE PHILIPPINE government signed a contract In Tokyo yesterday to float a 15-billion yen (about Sfltt million) 7 per cent, 10-year bond on the Japanese capital market this month through an underwriting syndicate of 40 firms including seven foreign ones. Daiwa Securities Company is
      Reuter  -  116 words
    • Article
      Lock icon FACTORY ORDERS SURGE IN U.S.
      61 9 Reuter NEW OBPEEB NMM twaaud byU psr ft tm temn «f Pspnrt wiiMMi?oaiSiyMr IM per eMUllkr ttu jMrMite. •r<«ri, ■••■while, toentni by Upr cent la That wm 2U ptr Mat higher thaa fear emitter. 8«v«r»l eencaiiti k»f« pwJwM ree«» year, bat Ike seders n> pert
      Reuter  -  61 words
    • Article
      CARTER BLOCKS SUGAR
      67 9 PRESIDENT Carter has leetiad to iMtiia to w? Ml JatoKB|S'' White *»y. It gave mm it tails pr'iiart* I?* the""Umlttl Males at if eeato a f&mi <ar eeato a Uto). Ac preaeat cmt to 14.1 eeato. Ike price «f raw sagar fraa atoead to faiUmg Agriealtaral experts
      67 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      721 9 ARRIVALS Service Local Operator Nnber Hw Fro* MAS MHG01 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MHB1 OBtt PEN MAS MH607 08C KUL MAS MH671 0M5 PEN/KUL SIA SQ48 1005 BEY/DXBBOM CPA CX710 1005 HLP GIA GA980 1030 HLP THAI TG423 1095 BKK
      721 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Resorts' roulette may stop spinning
      977 9 CRIMINAL CHARGES N. AMERICAN A NYT THE NEW YORK state attorney general said on Monday that Resorts International, which opeaed Atlantic City's Brat carta under a temporary licence last May, should be denied a permanent licence because of what he said were its criminal associations.
      NYT  -  977 words
    • Article, Illustration
      Lock icon United Technologies is on its way to take over Carrier
      252 9 NYT BARKING farther esart aetton, (MM Tutouliglii mmmt m Monday to kavc MCMfMM Ike titow ef Jh" wealvcd Mn ahales'sTCarHer'cMMnan stock to tto tr T-2T^LTmT l aCtor'to ply rata a Asm, «r MM MM milttM, tor totol «r 17 aUtoa
      NYT  -  252 words
    • Article, Illustration
      Lock icon Norway's Volvo talks hit a bumpy road
      370 9 FT NEGOTIATIONS OVER the Swedish 750 million kroner agreement by which Norway is to buy 40 per cent of Volvo, the Swedish car and truck maker, appear to have reached a crisis at a secret meeting between the Norwegian and Swedish Prime Ministers
      FT  -  370 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      139 9 jSj[THE DEVELOPMENT BANK OF SINGAPORE LIMITED DBS Building, Shenton Way, Singapore 1. We are pleased to advise the following S$ deposit and lending rates we are currently quoting:— Saving Accounts 5% pa S$ Fixed Deposit Rates for amounts up to $100,000 1 month 5% pa 3 months 5-V4 %pa 6
      139 words
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      Page 9 Advertisements Column 2
      13 9 SINTAT Rent a Car -f Cell us tor your local or cnwGrd reservations
      13 words
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      Page 9 Advertisements Column 3
      118 9 $lmf Spares M* No, we' re not taking over a well-known TV programme. Althoggh some of our spare parts might weifk wonders for Steve Austin! In fact, the million dollar spared are the stock levels we carry in Singapore. So anything from the slightest light flicker to a major overhaul
      118 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1206 10 BID and offer prices officially Hated and business In and reported to the Stocfc Exchange of Singapore yesterday with the numbtgof shares traded shown In brackets in lots of 1,000 units unfess otherwise specified. An time Settlement Contracts are quoted after the word "sett". Big Board deal (In
      1,206 words
    • Article
      Government bonds
      263 10 4 1/1% 1/VM (250.000) (99.308 99.408) 4 V 4% li/VN (290.000) (99 SSB 99 808) (S) 99.70 S%TFI/VM (250.000) (100.138 100.308) 5 V*% T F 14/8/81-84 (250.000) (102.308) 7% 1/l/U (250.000) (100.608 100.758) 7 1/4% 14/4/84 (250,000) (100.75B) 7 1/4% 15/19/81 (290.000) (100.75B) 7 1/4% 1/5/87 (290.000) (100.75B)
      263 words
  • Article
    Unit trusts
    143 10 SNGAFOBK UNIT 1BU 8T (Minw' pHui tor Dm B«) The Commerce 2.08 121 The Saving Fund 1JS 137 S pore Prog Fund on 0.M S pore Sec. Fund Lit 1.80 S'pore Invest Fund 1.22 1J> AaUUNVTT MOT (M—lw' prtm* tar Dm Mai Invest Fund 2.15 127 Mai Prog
    143 words
  • Article
    SHARE INFORMATION SERVICE
    2461 10 I97H High Low Company Last Sale +OTGr'a Div Div Cyt Gr'» Y'M Net P/E Vol Day C000) Higk Low SECTION ONE INDUSTRIALS 272 238 178 219 275 111 280 326 245 560 132 123* 107 133 195* 59 162 173* 140* 256 Ac ma Alcom Allied Choc
    2,461 words
  • Article
    In Kuala Lumpur
    1577 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 lou of 1,000 units unless otherwise specified. IMOtfSTMALS AlllUti (2.708) (S3) J.TO Alaana (1MB) (1) 1.88 (1) 1.83 (1)
    1,577 words
  • Article
    COMPANY MEETINGS
    260 10 Ceateal 8agan BM: AGM to be held at Batu Tlga, Se Lang or, at 11.00 a.m. on Dec 8. 8etrsa Ltd: AGM to be held at the Conference Room of United Overseas Bank Ltd, 4th Floor, No. 1 Bonham Street, at 3.00 p.m. on Dec 8. Sea View
    260 words
  • Article, Illustration
    Rally fizzles out in face of selling pressure
    649 10 A CHANGE ef heart breaght share prices dawn aeries the heard at the Steeh Exchange ef Stogapore yesterday. The hepefal start that Barbed the pate sa Msaday aad which maay had heped weald herald better eeadtttoas failed to spill aver. As If
    649 words
  • Article
    Stale bull liquidation erodes prices
    606 10 LACK OF sustained buying support caused share prices to turn easier again on the Kuala Lumpur Stock Exchange yesterday. Monday's heartening recovery produced little follow-through, and although prices had started off on a steadier footing, the market failed to maintain its levels. By the noon
    606 words
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  • COMPANY NEWS
    • Article
      Consternation over difficulties in renewing tin mining leases
      617 11  -  By CHAN BONG SOO GROWING FEAR that Malaysian tin mining companies may have difficulties getting their mining leases renewed have recently prompted some selling in the shares of these companies with attendant price depreciations ranging up to 26 per cent. Naturally there
      617 words
    • Article
      Austral Amal keeps members informed
      203 11 AGAINST a background of growing shareholder concern about the renewal prospects of leases held by tin companies, Austral Amalgamated Tin has sent to its shareholders details of the leases in which the company has an interest. The two leases on which the company's two dredges
      203 words
    • Article, Illustration
      Bats announces spectacular pre-tax profits
      656 11  -  By MANO SABNANI DESPITE THE many constraints imposed on the cigarette manufacturing industry, British-American Tobacco (S) (Bats) saw spectacular growth last year with pre-tax profits surging 126 per cent higher to $3.98 million from $1.76 million previously. Gross turnover row at a more sedate rate
      656 words
    • Article
      WEARNE BROTHERS
      66 11 IN THE report 06 Wean* Brothers carried on this page on Friday, Dec 1, it was incorrectly stated, that Wearnes is proposing a final dividend at 17 per cent. In effect, Wearnes is proposing a second interim dividend of 12 per cent, which-together with the first interim of
      66 words
    • Article
      LATEST RESULTS
      104 11 CONSOLIDATED Plantations has just announced pre-tax profit of MJ27.73 million (previously $20.70 million) for the three months ended Sept 30,1978. Turnover recorded by the company was $56.84 million, as against $42.76 million the last time. Replanting expenditure stood at $1.96 million (previously $1.86 million). Tax amounted to "$12.41
      104 words
    • Article
      DIVIDENDS ANNOUNCED
      430 11 Current Ex Books Date Total for Total for Payment Date Cloae Payable the year Previoua ynr Krmayaa 10%<b) Nov 15 Nov 27 NYA 10% 7'*t H c. fit Kiata Kellaa Tin 200% Nov 15 Nov 20 Dec 6 200% 700% r I A Hitan Plant 15%<b) Nov 22
      430 words
    • Article
      SCRIP ISSUE
      174 11 Company Particulars Ex Date Books Cloae C Sugars Bonus Issue of 1 for 4 Nov 21 Dec 1 Mia Sec Bonus Issue of 1 for 2 Dec 6 Dec 23 Rahman Hydraulic Bonus Issue of 1 for 2 Jan 16 Jan 26 Synthetic Resins Rights Issue of 2
      174 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      137 11 -UmGs/irnO) pubusnmqyßhd TIMES PUBLISHING BERHAD (Incorporated in Singapore) Final Repart For the year ended 31st August 1978 the Directors report: 1978 1977 Aaaaat Oeaeral Meeting Mvtteai NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held in Singapore on the 26th day of February 1979
      137 words
    • Advertisement
      Page 11 Advertisements Column 2
      237 11 THE STRAITS TIMES PRESS (1975) LIMITED (Incorporated in Singapore) Final Repert For the year endec 31st August the Directors report: Turnover Profit before taxation Investment income Taxation Profit after taxation Extraordinary Item profit on sale of investments Minority interests Profit after extraordinary item •After deducting Amount written off intangible asset
      237 words
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  • Article
    Northern Territory to send trade samples
    161 12 AUSTRALIA'S Northern Territory will be sending samples of meat, fish and other primary products to Singapore soon for further trade promotion between the two. Mr Marshall Perron, leader of a nine-man minteterial trade delegation* from the territory said there are vast opportunites for cooperation
    161 words
  • Article, Illustration
    US firm wants a place on region's oil platform
    497 12  -  By COLIN CHEE ONE OF AMERICA'S top industrial corporations is planning to buy a stake in the region's growing oil industry. The Honolulu-based Pacific Resource Inc., with earnings last year touching US$397 million (***** million), has started discussions with some parties
    497 words
  • Article
    Alternative energy hunt
    489 12 ASEAN countries are now eager to develop and use other sources of energy to reduce their dependence on oil. Under consideration are hydro-electric power and coal. Asean became dependent on oil in the past when it was cheaper than developing hydro-electric power and when using coal was
    489 words
  • Article
    Pata Chapter one
    157 12 A PRO-TEM committee of seven was formed yesterday to work out the constitution and bye-laws of the proposed Pacific Area Travel Association (Pata) chapter for Singapore. After a meeting among 45 travel representatives, who are also Pata members on their own standing, the pro-tem committee headed by
    157 words
  • Article
    LONDON STOCKS
    744 12 LONDON, Tues. Share prices closed little changed. Interest centred on second line issues and companies reporting figures today, dealers said. At 3.00 p.m., the Financial Times index was down 0.1 at 4W.8 Government stocks edged higher ahead of the UK banking figures and earlier gains of up to
    744 words
  • Article
    Making Brazil known
    104 12 SIX-MEMBER delegations comprising businessmen and government officials from Hongkong, Malaysia, Thailand, Indonesia and the Philippines are now in Singapore for talks with Brazilian officials and trading companies. The delegations are here at the invitation of the Brazilian Ministry of Externa] Relations which is sponsoring the EXPO BRASIL
    104 words
  • Article, Illustration
    UOB's golden paper
    160 12 UNITED Oversea* Baak has started issalag gsM certifies Its. The certificate, famed la ttaadard lots «f three bars sf gsld each weighing •me Mlipini aad with a fiaeaeas af MM, will have aa original tame We at 12 ninths. It to renewable aa expiry. The gald certificate
    160 words
  • Article
    Fitter saw body pile-up on Spyros
    458 12 MACHINE Fitter Mr. Chew Joo Woh told an inquiry yesterday that he saw a pile-up of bodies soon after an explosion rocked the Greek tanker, the Spyros, on Oct. 12. Another witness, Mr. Lee Bock Seng, a pipe-fitter said he fell on his face
    458 words
  • Article
    Why Malay enterprises fail to make the grade
    392 12 MANY bumiputra businessmen have the wrong attitude that they should go into business because the government is encouraging them to do so. Disclosing this the Malaysian Deputy Prime Minister and Minister of Trade and Industry, Datuk Seri Dr Mahathir Mohamad said this
    392 words
  • Article
    Bethlehem Steel pact
    55 12 BETHLEHEM Steel has signed an agreement with China to act as engineering and technical consultant in the upgrading erf its Shuichang iron ore mine and its ore processing facilities. A Bethlehem Steel spokesman said the agreement was reached recently while representatives of Bethlehem's new subsidiary. Bethlehem International
    55 words
  • Article
    Investors in Asia partial to SDR bond
    247 12  -  By SOH TIANG KENG INVESTORS have given a warm reception to the issue of the first Special Drawing Rights bond in the Asian dollar market. The managers yesterday reported the seven-year European-Asian issue, with a coupon of 9 per cent, has been "comfortably
    247 words
  • Article
    Local market a good bet says Swiss
    243 12 A SWISS banker thinks there is good long-term investment potential in Singapore's stock market given the country's "excellent growth prospects and stable currency." For the same reasons, Hongkong's market should not be neglected, said Mr. Peter Widmer, first vicepresident of Swiss bank Corporation.
    243 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      132 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are quoting the following for Singapore Dollar terrr deposits up to *****.000 1 month p.a. 3 months 6V«% p.a. 6 months 6'/*°/o p.a. 9 months 6V«% p.a. 12 months 6Vi 0 /o p.a. Savings p.a.
      132 words
    • Advertisement
      Page 12 Advertisements Column 2
      192 12 r S f&Wm* f hWP^?Pm£ v« v #*••.''f •->.?• A.^.v/rs»W| •> a-^®ssl2iss''*"' ~*v ,?V. V t .K* i r i ,<-• VfT V .^;V j »/'y r -T£ «?r; 4 ..V*' !L v f- *-> ;**•> < .-o» 'I. -V v* X:i View of Yihoyuan Summer Palace in winter i
      192 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Tanker for Petrocab
        91 13 AFP JAPAN has delivered a new oil tanker of 4,400 gross tons to Petrocab, a subsidiary of the Moroccan National Petroleum Products Company. The vessel named The Massa after a Moroccan river is intended for coastal traffic. It will supply the power station of Kenitra with fuel
        AFP  -  91 words
      • Article
        Lock icon At sea again
        118 13 AFP THE liner "United States", in mothballs since it was withdrawn from Atlantic service in 1969, will shortly be used again for cruises between California and Hawaii. Bought by the firm United States Cruises, the liner will have US$3O million (Ss66 million) spent on it. The ship
        AFP  -  118 words
      • Article
        Lock icon Joint venture unlikely
        67 13 UPI HITACHI Shipbuilding and Engineering has ruled out the possibility of establishing a joint venture with China to build and operate a shipyard. Company officials said, however, a visiting Chinese shipbuilding mission had proposed such a joint enterprise to construct and operate a shipyard with a building
        UPI  -  67 words
    • Article
      Lock icon Container seminar opens in HK
      506 13 AFP THE two-week seminar in Hongkong on containerisation funded by the Norwegian government has begun. It is organised by the United Nations Economic and Social Commission for Asia and the Pacific (Escap) and is attended by 23 representatives from 13 countries and territories. The object
      AFP  -  506 words
    • Article, Illustration
      America launched
      51 13 AMERICA (abave), the W Mitt—wpiae break/balk, reefer/ fry* 6 L Equitable Shipyards. mMut six, the ship repraesti the latest torh—las i; la -S?** Btotcg "hip. The America's principal charaeteririto laelade averall leagth af 88m, a maalded breadth af ISm aad a Mgwe type SBTDI/8 which aperates at 7M
      51 words
    • Article
      SABAS JOINS WORLD BODY
      158 13 THE Shipping Agents and Brokers Association of Singapore (Sabas) has joined an international shipping organisation to enable its members to keep abreast of the latest developments in agency and brokerage work worldwide. Singapore was admitted to the Federation of National Associations of Shipbrokers and Agents during
      158 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2961 17 BCHEPIILE A guide to ships loading at Singapore for Ports around the World v 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
      2,961 words
    • Article
      Container Schedules
      1013 18 r RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival 1s advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to uie Authority's premises during
      1,013 words
    • Article
      Who acts for whom
      904 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Unipacific. Alpac
      904 words
    • Article
      Lock icon Freight market remains mixed
      758 18 AFP CONDITIONS remained mixed on the freight market last week, although most rates were easier. Vessels in the 50,000/ 60,000-ton category in the trans-Atlantic grain trades were fiwrfiwg it difficult to maintain rates. But sized tonnage to Japan from the same United States loading areas were
      AFP  -  758 words
    • Article, Illustration
      New fishing aids
      103 18 A NORWEGIAN firm, Slmrad AS, has litredaeed new M Hading pMssmet aai'SmriMstitlsa Is Ms laelades eehs-ssaaders, B assess My priced, the eaMaet with PPI (pltl pwrtttoa Indicator) sa a trsssr'rtViiT aatt UTTs haUjattja a Ed gtoallkre tee ui The 8Y iwr kM wrr*l UvuUgn ever etfcer MiSSaiWH4i
      103 words
    • Article
      Lock icon London freight
      120 18 UPI INDIAN. Japanese Chinese chsrterers Jointly domlnsted the freight market with activity in both the voyage and time charter spheres. Indian charterers found it necessary to pay the 50 cents firmer figure of US$34 (FIO) to a Dec 14-25 loader working 20,000 tons of diammonlum phosphate from the
      UPI  -  120 words
    • Article, Illustration
      SHIPS IN PORT
      315 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Intermac 312 (0700 a/side Aliakmon Progress) 31/32. Ontaur(passenger) (0830 sfter Ocean Happiness) 1/ Gerbera (2300 after Hong Ming) 44. King Luck (after Golden Eagle) 23/24. Menelaus (1800 after Serena) ft. Vega (1600 sfter Santiago Del Estero) 8/9. PAORPAKJANG WHARVES Jayawiiaya I
      315 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      237 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA ANDCANADA Agents Barber Lines Singapore Pte Ltd T« 42C51 Harrisons A Croslield Kuala Lumpur T« NWI/I Pernas-MiSC Penang Tel ***** I KI) I\ I WWW wZ Orient Overseas CtuU&iHeA Line S St US BROS IK KFIUC CORAL IK CtHftLER rUM. IIC CXVU.EI MS 13
      237 words
    • Advertisement
      Page 13 Advertisements Column 2
      321 13 HI SEALORD lAJ! Ml] ANTAH n UASC UNITED ARAB SHIPPING CO (SAG) I k All vessels ***** DWT, 105 TON H .L. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE' .1 1 1 1 Vessel I S pore I Loading for BN SUM AL RAYYAN Kuwait (22/12),
      321 words
    • Advertisement
      Page 13 Advertisements Column 3
      98 13 Afea Aguila Alpac Angkutan ANL APL Arya Nat ASCL Asia Merchant Atlas Aust Coot Bank BBS Bra Asia Bra/EAC Bra Bra Ocean Blue Funnel CAVN C.C.C. Central Gulf Ceylon Shpg China Nav. CMCR CNAN Compania Country DSR-Unes Dong Sue EAC East Malaysia K*TT Ellat ELMA Everett Evergreen Excel Far East
      98 words
    • Advertisement
      Page 13 Advertisements Column 4
      659 13 SINGAPORE BUSINESS T R'jMness NAcyu/'ne For us Pad* Guit& AinmicandEasiCanada ,A.soaccepi.ngip, Hongkong Tawnn FULLY CONTAINERIZED FAST DIRECT WEEKLY 22 '11 ■Jfj n 14/ 1 U/ 1 a/ i 23/1 27/ 1 29/ 1 3/2 V 2 »/12 17/12 V I 11/12 19/12 V I 32 (Of) tast Asia (HMfko*i imn
      659 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      792 14 FULLY CONTMKMSO) TO EUROPE Span P IfWj ITbwi oralis Ul Titus [lfrm ttrrfEMwfh Osaka Bay ll«|> Atarw Hanfkonf Eiftns Ufl BIT Mai Eipress Bremen Eipreis 10/12 12/12 18/12 20/12 20/12 28 12 30/12 29/12 J/1 5/1 12/1 14/1 11/1 19/1 27/1 25/1 30/12 4/1 8/1 7/1 19/1 16/1 28/1 2/2
      792 words
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      Page 14 Advertisements Column 2
      506 14 Ks££ borber blue seo Fine IB ATLANTK IB OAF t EAST CANADA DK 14/15 I OK 27/27 DK 17/11 I OK 29/39 f«t F«0 21 FM 1/ 2 FM 22/23 FM 4/ 5 FM 25/29 bM I OK 24/29 OK VI |Ok 27/29 Dec t N«it km* WHJMC" CM 4
      506 words
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      Page 14 Advertisements Column 3
      577 14 EVERGREEN LINE (EVERGREEN MARINE CORPORATION) FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE 1 ALSO ACCEPTING CARGO FOR GENOA, LATTAKIA. BEIRUT ALEXANDRIA BENGHAZI. TRIPOLI (LIBYA) S'pan 'MM tart imt UmuM Itffan F« *4m21 Dec lin 31* Sta lite fTtai *mh 71m It ha 23 ha 2f Ma 30 I*
      577 words
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      Page 14 Advertisements Column 4
      827 14 Everett Line W>S IB Fivt Star Corpo. "BURMESE NATIONAL LINE' UMONS fflß RANGOON m FlAiawn <**) WUfe B.F.S.S.C. Agents m Malaysia TEPS MALAYSIA Port Keiang Tel (38) 7355 Penang Tel. *****/***** d Compooia AifOMtMM Da ft Navwadoo lotarcootiooiitol S. A. C.l. F. "ARGENTINE NATIONAL LINE" <! prtrgon* argentvu. 'SabfKt to
      827 words
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      Page 14 Advertisements Column 5
      825 14 SANKYO LINE TMMSTAR MAY SKY DMMOM) STAR 17/11 DK 15/1 C OK SVD. MEL. ADEL 11/19 Otc IC/17 Ok GERALD TON. f REM. ADEL n/30 Ok 2S/27 Ok STD.IKL.Mia BANGLADESH SERVICE L 17/17 OEC 15/16 DEC CMTTAGONG. CHALNA GENERAI AGENTS CONTAHEft BOOUNG 10*0 AGENTS P KEIANG PtItANG OCEAN SMPPWG I
      825 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      639 15 OCL COWTMWBHP gWg TO IK/COW!iOT: Overseas Containers Limited CRyalEMMn* lUifal "55*uU" COMTAJNEJtSHP sawct FROM UK/CQNTIMT: u "Mrg Oram r«M Hnrc Sto. PUaag Spore WM; UN Uri SaOM W She Ik MLIS bM UN faM SM 130K II OK M. US Mri faM Uri M UM If Oac MR. I*. U
      639 words
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      Page 15 Advertisements Column 2
      740 15 UnANARD LINE mmi l KPOMBU NON-CONFERENCE EXPRESS SERVICE WEST MMH* EAST/MEDTTERRANEAN M.V. MM MM V.20N.. H.V. HIM FUNG Kilßf S'pm PJMmi Peru* 22 Dk 2COK 21 Dtc D)ibouliP Sa4/Akiian6na Beirut/ Lattakia Pireau Tripofc Benfhrn UanM Tu P Said Aleiandria Beirut Lattatia Piruus Tripok/ Benfhaji Istanbul Oo UK. MM TIT H.22W
      740 words
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      Page 15 Advertisements Column 3
      874 15 BEN LINE CONTAINERS EXPRESS CONTMO SOVKt TO/ROM EUROPE H-MCBHMtN R DAM HAVRE SOU* IQMMK Spore P WGtmaaj/Aastna Antwerp frmtHUIL cHHuy sm iw am »ni m V i ivu T4M (4m 10/12 */12 VI 4/1 f/i 7/1 C*y 4 E4Mw|k 12/12 J/} 1/1 7/1 (12/1) 29/12 Osaka Bar 11/12 28/12 VI
      874 words
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      Page 15 Advertisements Column 4
      366 15 r Scan Dutch V VIA SU :iin M— »K* tof. MMMi o>fcH HI I .0* EASTBOUND FROMMED/UK. 1) Mk StocfcMte. (Ml HMi 2) C»iM«i». Ua 3) lm 4) Mm*. Mttorta* UK larMn. Gnu. lota Mm. Ml El NMk luMtoft FO./TCI MimMi urf* to Itoftt ft CONVENTIONAL SERVICE TO EUROPE (VIA
      366 words
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      Page 15 Advertisements Column 5
      497 15 GUTHRIE BOUSTEAD SHIPPING AGEMCIES THE BANK LINE LTD LMDS FOR E t S AFRICA •MMd Dwtan u. ft > Nil Sfn MMI h Port/1J Ik Spore PMm s'm M/lIK P Ua| Spox MOot/2 ho EXPRESS SERVICE WRECT FROM SMGATORE TO KM ORLEANS, MOHLE, HOUSTON. GALVESTON. ALSO ACCEPTWG CARGO FOR BANGKOK.
      497 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      821 16 1 K LINE KAWASAKI KISEN KAISHA. LTD. OM SUEZ by CMUmt TO EUROPE wrrvff PURL i 2« IDtCATO* m ORKNTAL C*f 1211 HK CONT AWE* J3W S pore P Kelang I Havre H burg I tec Dk| 2C Dk 31 Ok 110k 20 0k 7 lan 91m 2( Ok 27
      821 words
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      Page 16 Advertisements Column 2
      773 16 i V.S.A./EAST CANADA SERVICE acceptor Fa/ia commas mm room, t kelang. stok LpaMg tar: NEW TOM, CAMKN. WW OU Qtljwjfi f Min| Support MA" (MSA-27 Id) IVISOk 9/11 tec 7/9Mt 11/U tat E.C./GREAT LAKES SERVICE tar NORFOLK. NEN TOM. MONTIEAL. TORONTO. ASMTAMLA. OETROIT. CMCMD. CALFMMA/PACFK NORTH NEST SERVICE luMg tar
      773 words
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      Page 16 Advertisements Column 3
      668 16 L|P§ NEPTUNE ORIENT UNES LTD FULLY COWTAIHttISfP SERVICES: FAR-EAST/EUROPE FUU.T COIffMOBtD Mjg TO EIMK KM SUEZ): Spin P AelantSlon H we r< KPnMKMt) il« Ikcl 27 M 200k 310oc J{■ Bum 19Dk 29Dk 51k 7to 9lk 10 to II to 12* oam It Ok 27 Dk 12 In Ml* Wto
      668 words
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      Page 16 Advertisements Column 4
      685 16 M 7/7, INTfKNATIONAL SHIPPING CO**OKATK)N BtHHAD 'Accaptaig Earape cargo tar taoM m S>n 1) Gborg 2) Hbwg 3) B«on 4) ITdam 5) It H P Mang S port WHON Sadad Safed Saded Saded Saded 1/12 9/12 NED HNH Saded Saded SM Saded Sadad 24/12 19/12 TOYAMA Saded Saded Saded m
      685 words
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      Page 16 Advertisements Column 5
      658 16 INTRASEA (PTE) LTD. 1 .ifcK" House -4E o'"f.rc! Hoafl Tpipyhont* 1 i- I REGULAR NKPCHOT SEM/Rli CONTAOCR SERVICE TO EUROPE s»m rum rmmi ia*|ta. MIMBIBMS 12 K the IKa/Htai/Aaa* Win If IK 23 K rtw/KtaiSkMVle* AK**M«e- mmaujrw) i» znsii mmk znmi 11mm- IBMNBAMMK *****/? Kansai Line STRAITS/AUSTRALIA SERVICE Swppore P.
      658 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      396 17 NAM YANG LINES 'f GUI AR NON CONFtRf NC( Sf»YICfS fSS' 10 Mi Hi'f R»»*f tN S pore P Kebng Penang Laadbtg tar 17 Die 19 Dtc 21 Dk P Said/ Beirut/Lattakia Pireaus/Istanbul/T npo4i Benghazi, Alexandria Limassol I lan 11 Jan -do a Bmfkaa/Tiipai (IJbya) by traraNpmant via Pfraaiß y
      396 words
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      Page 17 Advertisements Column 2
      238 17 <3 Seatrain Full Container Service to USA Ftnra w. store modcr va. m oak la oif e/c A VM* S/12 Uttm 7/12 htauta 17/12 4/1 2/1 11/1 IS/1 11/12 *.137 Vassal It/12 ImM 17/12 lataftai 21/12 13/1 U/l 22/1 2«/ l 11/12 V. 147 22/12 FuH Container Service from USA
      238 words
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      Page 17 Advertisements Column 3
      335 17 7""""^^T T T T k\ -i- v 44& m. M^rrr? LORD STEAMSHIP CO. S.A. TANMN/STRAfTS/TANMN EVKSS UO 30NKI L M<Snt tor Part Mm|. PMMt ImUh K*whwnf STORE PJttLANG PEMANG TAINAN LOON FATT 10/12 Ok 13/14 Ok 15/11 Ok 23 OK LOON CHONC 21/30 Ok 31/ 1 tan 2/ 3 tea
      335 words
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      Page 17 Advertisements Column 4
      242 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND NRECT LINER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) STORE PT «L PENANG PT SAX) ALO PfItNMS U Ok It Ok 11 Dk 23 Ok "U« Ok 2» la* 1« tan 14 WtfKt miacmtmd MMTRANS CARGO PIfASE CONTACT SOOKEK SMGATOK TEL Z*****1 GENERAL
      242 words
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      Page 17 Advertisements Column 5
      106 17 NOTICES GULF SUPPING LINES M.V. GULP PROSPERITY •nhti: 8.U.7S mm X i? REQUIRED LANDING CRAFT TO CHARTER BAWOAT CHARTER FOR MHO Of 6 12 MONTHS WITH FURTHER OPTBNS VESSEL MUST NOT BE LESS THAN 600 TONS CAPACITY AND MUST HAVE AUSTRALIAN OEPT Of TRANSPORT AND SHOULD HAK A SPEED OF
      106 words
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