The Business Times, 22 December 1978

Microfilm: NL9923
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) Ne. 218/1/78 FRIDAY, DECEMBER S, 1178 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Ship seizure
      70 1 MANILA, Thurs. A Singapore shipping agency has obtained court order to seize a ship of the financially-troubled States Steamship Company, and the vessel has been held for more than a week at anchorage in Manila Bay. The SS Montana was attached by court officers last week in accordance
      70 words
    • Article
      Lock icon Getting support
      78 1 AFP. MANILA, Thurs. Asean has assigned its members to try to persuade developed countries to support the early establishment of the Unctad's common fund, published reports said today. The Asean economic ministers' meeting in Kuala Lumpur last week assigned the Philippines to convince the United States and Canada;
      AFP.  -  78 words
    • Article
      Lock icon JAL fare cuts
      65 1 Reuter TOKYO, Thurs. Japan Airlines (JAL) plans to reduce by 15 per cent two-way fares from Japan to North America and Australia and by 10 per cent those to Europe from Feb 1. However, the plan is still subject to lata approval.The discount is expected to result
      Reuter  -  65 words
    • Article
      Lock icon HK deficit
      50 1 Reuter HONGKONG, Thurs. Hongkong's visible trade deficit rose sharply to HK$l.24 billion (Ss62o million) last month from $561 million in October and $402 million in November last year. Total exports rose to $5.18 billion from $5.04 billion in October and imports to $6.42 billion from $5.61 trillion. Reuter.
      Reuter  -  50 words
    • Article
      Lock icon EEC growth
      77 1 AFP. COLOGNE, Thurs. Growth rate in the EEC next year may be trimmed by one-third because of the forthcoming staged increase in oil rates decided last weekend, said Mr Guido Brunner, West Germany's representative at the EEC today. The higher oil rate would mean an extra US$7 billion
      AFP.  -  77 words
    • Article
      Lock icon Not hopeful
      65 1 AFP. JAKARTA, Thurs. A leading member of Parliament is not hopeful that Indonesia would achieve its annual 6.5 per cent economic growth for the five-year plan starting next April. The target would mean an 11-per cent growth rate in the industrial sector to offset a lower rate in
      AFP.  -  65 words
    • Article
      Lock icon Tokyo Dow Jones
      32 1 AFP. TOKYO, Thurs. The Dow Jones average of the Tokyo stock market hit this year's low of 5 873.17 yen today, a drop of 101.50 yen over yesterday. Arr.
      AFP.  -  32 words
    • Article
      Lock icon Dow Jones
      48 1 UPI NEW YORK, Thurs. The stock market headed higher today in moderate pre-holiday trading. The Dow Jones industrial average, which gained 3.81 points yesterday, was ahead 4.16 points to 797.81 around 11 a.m. Advances led declines, 718 to 357, among the 1,556 issues crossing the tape.
      UPI  -  48 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      127 1 Rises Most Active Ayer Hitam Tin 1010 60 H Par 110,000 O C B C 780 15 S Darby 103,000 Metro Hldgs Nat Iron Esso 284 590 364 13 10 10 UOL UOB 59,000 49,000 Stn Chew 326 8 Total Turnover: 1.52m DOI F ti N 215
      127 words
    • Article, Illustration
      In Kuala Lumpur
      152 1 Rises Most Active Berjuntai 670 N Iron 590 Ew 372 Sel Dredge 390 S Trading 560 M Banking 610 A Hitam Tin 1010 DBS 402 Malex 304 Falls M Rice 170 Rahman Hyd 545 A Amal 464 Sentosa 125 Sg Besi 610 +20 15 10 10 +10
      152 words
  • Article
    EEC to revise Asean quotas
    868 1  -  NO GO FOR SENSITIVE ITEMS By JOHN TAN THE EUROPEAN Economic Community has informed the Asean countries that it will, from next year, revise the Generalised System of Preferences, under which it imports goods on concessionary tariff terms. The revisions have been detailed to the
    868 words
  • Article
    Sime draws down loan today
    250 1 SIME Darby has started to draw down on the fixed rate portion of its $475 million loan put together last August by Aseam bankers Malaysia Bhd. The company told the Stock Exchange of Singapore yesterday that it recently gave notice to Malaysian and Singapore consortium
    250 words
  • Article
    Volvo to start assembly line here next month
    714 1  -  By FONG MEW LENG VOLVO, the Swedish car gaint will start assembly facilities in Singapore next month. Industrial sources said the Volvo group is about to complete negotiations to set up an assembly line for the Volvo 244 here. The company, which
    714 words
  • Article
    Concorde flights will resume on Jan 25
    236 1 SUPERSONIC travel retails I* Bhm« am Ju whea the On* Ceaeerde laads after a II aift laluiapUaa la service, lhrt Ike flights are likely trem Lata UmTum auiker that li getag the ether way rcaad, I price -T HlmMi, The Hamir> Alrttaea (81A)
    236 words
  • Article
    Hong Leong's counterpoint to the SES
    315 1 HONG LEONG Finance asserts it has complied with the take-over code in its bid (or Singapore Finance Ltd. The finance company's declaration comes nine days after a barbed stock exchange letter in which the offer documents were criticised for not including the relevant unaudited
    315 words
  • Article
    SOMETHING NEW
    123 1 THERE WILL be no Business Times on Monday and Tuesday .December 25 and 26 respectively. But to give you something to do to remember us, we have prepared a colourful two-page special for Saturday's paper. We hope it will help to keep you and the kids amused over
    123 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      9 1 COPIES ANYTHING FITS ON A TABLE-TOP s? INOLTA EP-1
      9 words
    • Advertisement
      Page 1 Advertisements Column 2
      158 1 When all banks are pretty much the same, ACBC service makes the difference. Everyone knows that all banks offer pretty much the same facilities to their customers. But what makes one bank better than the other is its service. Whether you are opening a letter of credit or you need
      158 words
    • Advertisement
      Page 1 Advertisements Column 3
      3 1 IB y" GERMAN
      3 words
    • Advertisement
      Page 1 Advertisements Column 4
      76 1 Wishing u( customers tr.ends md iss >r i. it. s A VWr v C hristmos ond A Hoppy New Ye.ir SINTAT Rent n Cru mi SinMpar*: *****55. *****5 < Airport) Kudo Lumpur *****2 Panang ***** Kuantan: ***** Leader...Page |?]!)([?,-[%>-$\"/];/./%:['^%*+ The perfect Christmas present. Perfumes for u omen JNr (>sne r
      76 words
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  • TRADE AND INDUSTRY
    • Article
      More autonomy for CPS offices
      157 2 TWO EXPATRIATE executives sf Campater Pruew lag Service's reglsasl iflw here will leave the campaay, which Is a whaUy-swaed sahsMlary sf the Straits Bteamshlp grsap, as a remit sf restractarlag. Uader the resrgsalsstlsa, the rogisaal head-sfllee taaetlsa will he Asesatfaned. This Is te allew greater
      157 words
    • Article
      Lock icon Fears over China's oil potential
      341 2 Reuter, AFP. THE INDONESIAN newspaper Kompas has expressed concern that China's bright oil production prospects would eventually lessen the* position of the Organisation of Petroleum Exporting Countries (Opec) and be used by the US and Japan to bypass the Opec price monopoly. The newspaper noted
      Reuter,; AFP.  -  341 words
    • Article
      Plywood price will rise in the new year
      680 2  -  By JOHN LIM PLYWOOD prices for Britain and Europe will be raised by 5 per cent on Jan 1. This was decided by Komasi, the plywood association of Korea, Malaysai and Singapore at its last meeting to review quarterly price adjustments and
      680 words
    • Article
      Thailand buys crude
      279 2 A THAI delegation going to China next month will negotiate the purchase of 600,000 tons of Chinese crude oil and about 30,000 tons of diesel oil, an official source in Bangkok said yesterday. The delegation, led by Thai Deputy Premier Sunthorn Hongla-Darom, will also seek to negotiate
      279 words
    • Article, Illustration
      Lower pepper exports
      89 2 SARAWAK'S pepper experts fell to £fil teaaes werth MIIIJ7 ■IllUi la Aigut frem 1,731 werth $IM7 Brim— la Jsly Mi 2,871 tNM werth 15.74 milltea ia Aagwet, ltn, the Pepper Marketlig Beard Experte Ia the first eight matte faae 81,•41 teaaes werth $91.49 mllHea (real 18,4 ft
      89 words
    • Article
      Tokyo Marine to carry palm oil to US
      492 2 MEMBERS of the Malaysian Oil Palm Growers Council have signed a freight agreement with Tokyo Marine Company of Japan for the carriage of crude palm oil to the west coast of North America next year. Speaking at the signing ceremony in Kuala
      492 words
    • Article
      Lock icon All-time record for China's steel output
      324 2 UPI. CHINA'S steel production will top 31 million tonnes this year and 1,650 new oil wells have gone into production, according to Communist Party Chairman Hua Kuo-feng Peking Radio said yesterday Chairman Hua announced the steel production figure at a National Metallurgical Industry conference
      UPI.  -  324 words
    • Article
      Hydro project loan
      304 2 JAPAN has agreed to provide Indonesia with a loan of more than 35 billion yen (SJ3BS million) to help meet the increasing costs of constructing a US$2 billion (554.4 billion) hydro-electric and aluminium plant in North Sumatra. Another agreement also was signed by Foreign Minister Mochtar Kusumaatmadja
      304 words
    • Article
      Lock icon Need for a Sino-US textile arrangement
      91 2 Reuter. AMERICA'S diplomatic recognition of China necessitates speedy conclusion of a textile agreement with that country, a spokesman for the American Textile Industry said. Mr William Klopman, chairman of the American Textile Manufacturers Institute's committee on Internationa] trade said official recognition of the People's
      Reuter.  -  91 words
    • Article
      CREDIT SUISSE IN HK
      85 2 CREDIT Suisse, which has maintained a representative office in Hongkong since 19M, is to operate a banking branch there next summer. The Swiss bank said yesterday that it haa been granted the banking licence and has appointed Dr Oscar Uhler, who is presently the manager of
      85 words
    • Article
      British minister to visit Singapore
      162 2 SINGAPORE, Malaysia aid Thailand have been eheaea by Britain's new Trade Minister, Mr John Smith, tar Mi first ma jar trade promotion tow. Ike UK Department of Trade Mid he would leave Britain aa Jan. I with a team of leading British bastaeaMMß nad a
      162 words
    • Article
      MEMO PAD
      371 2 COURSES AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), STTC, srrc Jan 8-10: IE Module 1 Method study, Human Factors Engineering and Safety Royal Ramada NPB Jan S-23: Industrial Hydraulics Royal Ramada NPB Feb 12-13: Finance for nonfinancial managers, Ming Court, Price Waterhouse
      371 words
    • Article
      Lock icon Pakistan's industrial thrust
      91 2 AFP. PAKISTAN has reported -a "remarkable upsurge" 'in the country's industrial production during the first quarter (July-September) at the current financial year. A government statement said production of fertilisers went up by almost 56 per cent, paper by 41 per cent and cotton yarn by 32 per
      AFP.  -  91 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      81 2 *0 CANADA "QUEEN ELIZABETH TOWERS" 200 Luiury Condominiums in the centre of Ottawa, capital of Canada. GUARANTEED NET CASH INCOME 6% ON YOUR INVESTMENT FOR 5 YEARS Prices from C 540,000 C 5120,000 50% Cash Protect your money buy real estate. Bidder and fuarantor: TRDEL CONSTRUCTION LTD. one of the
      81 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      653 2 CRYPTIC PUZZLE ACROSS 1 Opportunity to go on Tele? (5) 8 Charles, boy monarch (5) 10 John, the chap who's not out (5) 11 It has a consuming desire to squeeze (3) 12 Like the rehearsal for a fashion show? (5) 13 TT garment (7) 15 Dorothy puts some buttons
      653 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Greece will be 10th EEC member
      136 3 Reuter GREECE and the Caatmea Market yesterday reached mh—i M the terms ef Greek aeeesrisa te the slaa uMia EarsP«aa Cemmaalty after msrethaa twe years sf After aa all-eight ae*sds«, the tws f'—nad they had ®©tUed nMttflig 4Mfor» y feagtfc «f Otwert traaritea ts
      Reuter  -  136 words
    • Article
      Lock icon Prime squeeze on credit rates
      220 3 Reuter. CREDIT was given another severe squeeze in the United States on' Wednesday when the prime lending rate was raised to 11V 4 per cent, the highest level in more than four years and close to its all-time high. The move, making loans more expensive
      Reuter.  -  220 words
    • Article
      Lock icon Carter will not tighten credit yet
      640 3 Agencies AMERICAN presidential inflation adviser Alfred Kahn has denied reports that the Carter administration is considering moves to control credit. The Council on Wage and Price Stability said Mr Kahn was quoted as saying the administration is considering measures to ration speculative uses of
      Agencies  -  640 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      763 3 ARRIVALS n. Service Local Operator Number Time From PAA PA005 0200 SFO/HKG TMA TL345 0530 BEY/DXB/BOM/ KUL SIA SQ68 0620 KWI/BAH MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH67I 0945 PEN/KUL CPA CX710
      763 words
    • Article
      Lock icon Meany hits out at Carter
      221 3 AP MR GEORGE Meany, bead of AFL-CIO, the American labour federation, said President Carter has betrayed his human rights policy, Jeopardised the safety of Taiwan and undermined.US credibility by granting diplomatic recognition to China. It was Mr Meany's first public statement on the subject since
      AP  -  221 words
    • WORLD IN BRIEF
      • Article
        Lock icon BBC OFF THE AIR
        518 3 Agencies. A LIGHTNING strike by 5,000 technical staff put both television channels of the British Broadcasting Corporation (BBC) off the air on Wednesday night. The strke was called after the union accused the BBC of having used freelance cameramen to film a train crash in an
        Agencies.  -  518 words
    • Article
      Lock icon US economists wrestle with growth forecast
      778 3 Agencies OPTIMIST? pessimists in the Carter administration are having trouble agreeing on an economic forecast for next year. One tricky problem is that a relatively optimistic prediction on economic growth would require, for consistency, a forecast on inflation. Conversely, to predict substantial progress against
      Agencies  -  778 words
    • Article
      Lock icon UK earnings slow
      269 3 Reuter AVERAGE earnings growth in the UK slowed in October to 14.6 per cent on a year on year basis from the revised 15.1 per cent of September, according to the Employment Department whole economy earnings index which covers 21 million workers. The index, which is not
      Reuter  -  269 words
    • Article
      Plans to keep US airlines out of lata rapped
      291 3 THE International Air Transport Association (lata) says it is firmly opposed to a US plan to stop American airlines from participating in lata agreements to set international air tares. The association filed a brief before the Civil Aeronautics Board in Wartington,
      291 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      26 3 SINTAT Rent a Car SIMjAPOHI A uv -U T£ i 8066CS C«T T fcl i }SSBSS Cell us f or your local or enward reservations IT
      26 words
    • Advertisement
      Page 3 Advertisements Column 2
      231 3 Podket the world's first pocket-sized TV v <4 5 6 7 8 9 wOt ACTUAL SIZE: Believe it or not, the Sinclair Microvision measures only 160 mm x 113 mm x 43mm and weighs an incredible 740 gm. And yes, quite literally, you can slip it in your pocket. For
      231 words
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  • Page 4 Advertisements
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  • RAW MATERIALS
    • Article
      Gold
      421 5 GOLD FUTURES in Singapore yesterday closed quietly steady with prices showing small gains on the day mainly because of squaring of positions, dealers said. Opening quotations were generally lower owing to the overnight weakness in New York and thereafter firmed slightly. Trading was quiet and turnover fell to 85
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    • Article
      Hongkong Comex
      165 5 SUGAR FUTURES trading was sluggish in Hongkong owing to continued lack of interest, with three lots traded against one on Wednesday, dealers said. Nearby January closed at 8.30/35 against 8.49/58 on Wednesday, March at 8.70/ 9.25 against 8.95/9.22, and distant October at 9.30/10.00 against 9.60/86. Sugar futures closing
      165 words
    • Article
      SPOT PRICES
      185 5 YARN and cotton in Hongkong dollars. spot ex-godown Cettsa yan: China Blue Phoenix 30s 2,315, 32s 2.845; 40i 3.050 (per hale of 400 lbs). Pteee feeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying Geese unq (per piece 36
      185 words
    • Article
      Palm oil
      64 5 C.I.F. North European ports, in US dollars per ton unless otherwise stated. LONDON: Mon Previous Malaysian 5% ffa bulk per tonne February 610slr 620slr Sumatra 5% ffa bulk December unch aoosiopd January 830slr 635alr February 825s lr Mar/May saooopd Mar/April «1750pd Nigeria 5* ffa bulk stg ROTTERDAM: unq
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        490 5 THE foreign exchange market was quiet yesterday, with the US dollar firming on central bank support. Opening at 194.20/30 against the Japanese yen the dollar at first eased marginally to 194.05/15. But support from central banks lifted the dollar higher later when London opened for trading. In London,
        490 words
      • Article
        Asian $ rates
        186 5 Asian rates ASIAN currency deposi interbank rates as at clos on Dec 21 Closing Asian dollar certificates of deposit for prime names: 7 days 1 month 2 months 3 months 0 months 9 months 12 months US Dol)ar*(8pot) Offer Bid 14«j 14 12 1/16 11 15/16 12 3/16 121/16 12H
        186 words
      • Article
        Discount
        52 5 Range of price* offered by discount houses on Dec 21: Overnight 3 to 4'»% Call deposits 4 to 4'»% Closing Baying Selling 3 month Treasury bills 4'. 4 3 month Bank bills 75/10 7 3/16 3 month CD 7'» 7H 8 month CD 7 l 7*i Source: National Discount
        52 words
      • Article
        MLR
        21 5 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
        Frankfurt
        45 5 FRANKFURT exchanges opening quotes yesterday: US 1 8440 55 Can 1 5565 85 Stg 3.703 713 DC 92.41 51 Sir 111.85 112.15 Lit 2 221 231 FTr 43.62 77 Nkr 36 40 50 Bfr con 6.330 330 Bfr fin 6.182 222 Yen 0.9473 K
        45 words
      • Article
        London
        76 5 THE DOLLAR opened steady around its closing levels against major currencies in London yesterday, in a quiet, thin year end market, dealers said. Limited profit-taking showed rates for the dollar fractionally firmer, and no central bank support was evident, they added. Sterling opened higher on its effective index at
        76 words
      • Article
        New York
        246 5 THE DOLLAR in New York on Wednesday closed firmer from opening levels and Tuesday's close in generally quiet trading, dealers said. They said the unit initially rose on central bank support, apparently also including the New York Federal Reserve Bank, with the rate movement accentuated by the market's
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      • Article
        Tokyo
        147 5 THE DOLLAR for overnight delivery in Tokyo yesterday closed firmer at 194.35 yen, compared with a 193.80 opening and 193.20 at Wednesday's close, dealers said. The US dollar steadied further in thin late trading, fluctuating between 194.20 and 194.40 yen, following an early firmness, the dealers said. Foreign banks'
        147 words
      • Article
        Hongkong
        159 5 THE US dollar In Hongkong was quoted little changed from overnight US levels in very quiet late trading, dealers said. They said trading was limited to commercial interest with most banks remaining on the sidelines. The dollar was quoted slightly higher at a late 194.35/50 yen compared with New
        159 words
      • Article
        Australia/NZ
        51 5 AUSTRALIA/NZ exchanges quotes yesterday: US dollar 1.15C5 1.1457 Sterling 0 5738 0 5671 Ninety-day air mall buying rates: Sterling 0.5M0 US dollars 1.1913 Ninety-day forward buying rates: Sterling 0.5783 US dollars ***** New Zealand: Sterling 0.5299 0.5271 US dollar 1.0(75 ***** Ninety-day airmail buying rates: Sterling 0.5610 US dollar
        51 words
      • Article
        Zurich
        49 5 ZURICH exchanges closing quotes on Dec 20: USlttJMJSO Slg 3 2931 2986 Can *****-3811 Dink 88 0773-2078 DO 82 2932-4300 Ftrxtm-nm Bfr 5 6038-6099 Dkr 31 8142-8583 Nkr 32.4171-4682 Skr 37 9398-9871 utoiM-mi Am ach 12 1523-17S5 Pan 3U58-5743 Spain 2 3292-3324 Arg 0 16-26 Yen 0 8433-8450
        49 words
    • Article
      Produce exchange
      338 5 THE Singapore produce market witnessed another session of quiet trading yesterday. Prices remained generally unchanged and there awe no major movements in stocks. Coffee prices were reported easier in very low volume trading. Dealers had very little else to report saying that the festive season will continue to
      338 words
    • Article
      Silver
      114 5 SILVER closed with gains of 1.0 to 0.8 pence in London yesterday morning. Prices edged higher in the pre-market and were well maintained in the ring under covering prompted by the easing trend in sterling against the US dollar. Trading was modest although carries accounted for about half the
      114 words
    • Article
      Rice
      189 5 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) WMte rtee: 100 pet Ist class SO. 100 pet 2nd class 306. 100 pet 3rd class 300. S pet 252. 10 pet 272, 15 pet *7. 20 pet 265, 25 pet 282.
      189 words
    • Article
      Coffee
      84 5 ROBUSTA futures in London yesterday morning opened steady £2 up to £2 per tonne down from Wednesday in sales of 197 lots which included around 50 lots of cross trades. Arabica futures opened mostly unquoted except in spot December where this position was quoted at $154 bid against Wednesday
      84 words
    • Article
      Sugar
      140 5 RAW SUGAR values were £0.50 to £1.10 per tonne down in a turnover of 1,406 lots in London yesterday morning. Prices eased following a steady opening on lower sterling against the dollar under general selling and long liquidtion until trade buying in March at £108.50 per tonne halted the
      140 words
    • Article
      Cocoa
      71 5 VALUES were £12 to £23 per tonne up and turnover totalled 1411 lots at the end of the morning In Loodon yesterday. The market was quiet with prices rallying after Wednesday's shakeout on some trade buying and booksquaring in a rather thin market. Dealers said a steady performance in
      71 words
    • Article
      Wheat
      78 5 WHEAT futures in Chicago on Wednesday posted losses of 3-3/4 to 3/4 cents a bushel at midsession on liquidation ahead of yesterday's USDA wheat plantings report. Wheat futures took a lead from a late break in soybean prices to close near the day's lows. Losses ranged from 4-1/4 to
      78 words
    • Article
      Lead
      50 5 LEAD finished the morning down £2.5 for cash and £3.5 for three months n London yesterday morning. The market found some covering support early on up to £404 for three months but values fell back during routine ring dealings in the absence of fresh incentives. Sales were 1500 tonnes.
      50 words
    • Article
      Aluminium
      33 5 ALUMINIUM was £2 higher for three months in London yesterday morning. The tight nearby position continued to be the main sustaining influence on an otherwise quiet market. Turnover was only 125 tonnes.
      33 words
    • Article
      Straits tin
      198 5 THE Straits tin price in Penang yesterday dropped Ms 7 per picul to $1,797, $97 above the International Tin Agreement ceiling, dealers said. Sentiment was depressed by the easier conditions in London on Wednesday and a gradual increase of tin supplies by miners during the past few days,
      198 words
    • Article
      Copper
      113 5 COPPER wire bars finished the morning up £1 for cash and unchanged for three months in ondon yesterday morning. The early pre-maket was boosted by the decline in sterling against the US dollar with three months trading up to £795 before profittaking in the ring pared the position. There
      113 words
    • Article
      Zinc
      44 5 ZINC finished the morning up to £0.25 for cash and down £0.75 for three months in London yesterday morning. The market tended to sag during quiet trading although influential borrowing gave support in the ring. Sales, however, at 2400 tonnes were mainly carries.
      44 words
    • Article
      LOCAL AND FOREIGN RUBBER
      264 5 THE Singapore rubber market yesterday closed slightly higher with January One RSS buyers quoted at 237.00 cents per kilo, up one cent from Wednesday's close, dealers said. Morning prices were marked up slightly on higher London advices, covering and speculative buying, they said. Afternoon prices eased
      264 words
    • Article
      Closing prices
      29 5 Rubber: Dec 21 Singapore: January: 237.00 eents (up 1.00 cent) Malaysia: January: 240.25 (up 1.60 cents) Tin: $1,797 (down $7) Official offering: 226 tonnes (up 15 tonnes)
      29 words
    • Article
      Duty rates
      88 5 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Dec 21 until further notice: Rabber: 242 V« cents a kilo; Capra: M 51,107.82 a tonne; Palm kerael: $955.75 a tonne; White pepper: $4,652.52 a tonne; Black pepper: $2,904.64 a tonne; The rates of duty
      88 words
    • Article
      RAS PRICES
      372 5 Prices In cents per kilo yesterday: M-vu. rvoon Clone (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt f o b 237.50 238.S0N 236.50 237 SOS Int. 1 R.S.S. Jan 238.50 238 00 237 00 237.50 Int. 1 R.S.S. Feb 240.50 241.00 239.00 239.50 Int.
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    • Article
      SSR and SMR
      103 5 NOON SSR and SMR prices yesterday: RAM l._ (Cam Bcyen MNtt) Setters 1 (PW Han. tferaary rwart Mtfc) M C-ll SSR 20 (1-ton pallet) za^oo™*" *■***> 240.00N "J" 239 00 oruni ■liperkt) 241.00N SSR SO mwi (1-ton pallet) 235 00 237 00N 236.00 238.00N SMR 5CV (1-ton
      103 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      69 5 There's only one way to take Glenfiddich* Seriously You can take it straight. Or with a little plain water. But do remember that you're tasting no ordinary Scotch. (ilcuhddich is a pure, single malt. Distilled m the ancient way, in traditional handbeaten copper stills. The result is, perhaps the finest
      69 words
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  • Article
    A thinking price system is needed
    300 6 IT SEEMS strange that aircraft travelling the same distance, utilising the same crews and providing the same service should be offering the entire package at different prices to travellers on the route. But that appears to be what the two airlines operating the Concorde
    300 words
  • Article
    Sharp exchange comes too late
    262 6 THE Stock Exchange of Singapore has frequently been taken to task for being lax in querying companies. It has also been criticised for being overly curious. But this time, the exchange has outdone itself. It is directing some of the sharpest criticisms ever heard from
    262 words
  • Article, Illustration
    Lock icon Little common ground on the Common Fund
    1426 6  -  TALKS SHOULD RESUME IN A FEW MONTHS EFFORTS to rationalise world commodity markets are bedevilled by politics, as one might expect when former colonial powers are negotiating with their erstwhile former colonies. But the international community is still inching forward. GROG SMOSARSKI reports.
    FT  -  1,426 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      230 6 ygmtiltut Getaway to Sentosa For a fun-filled X'mas New Year holiday package Do something completely different this year. Pack up your bags ano take off to Sentosa. Then enjoy 3 days and 2 nights of fun and excitement at a first class resort Hotel. This package includes accommodation, 2 buffet
      230 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Report for 24 hours prior to 7.3t p.m. on Dee 21 at the airport: Maximum temperature 30.3 C Associated humidity 75 Minimum temperature 23.8 C Associated humidity 100 Hours of sunshine 4.00 Rainfall in millimetres 0.4
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      250 6 B.IRWDTO SINGAPORE 5 3.00 Opening followed by Housewives' Matinee The Windfall with superimposed English/Chinese subtitles (Repeat) A Mandarin feature film 4.40 Intermission 6.00 Opening followed by The Adventures Of Long John Silver The Orphans' Christmas (Last Episode)* 6.30 News in Brief* 6.40 Rendezvous South Pole Survival* 7.05 Persembahan Ku (Malay—Repeat)*
      250 words
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  • Article, Illustration
    Lock icon Mexican oil not likely to tip the balance
    457 7  -  By ALVER CARLSON Reuter RECENT HmTeriM af vast *U reserves in Mexles may Mt tan sot U be the windfall to the US they were oace expected to be. Alter moaths sI ualyriag claims sf huge reserves soath si the American herder,
    Reuter  -  457 words
  • Article
    German bankers facing some Chinese problems
    1506 7  -  THE massive industrialisation projects planned by China will have to be financed by substantial foreign bank loans. Foreign-order starved German companies are eyeing the former and over-liquid German banks the latter. JOHN MAKINSON reports. JOHN MAKINSON THE EUPHORIA which seized the West German press
    1,506 words
  • Article
    STRAWS IN THE WIND
    556 7 CONCORDE will be assured of at least one regular customer when it resumes its Singapore-London service next month. A Singaporean multi-millionaire, who maintains homes in both Singapore and London, makes at least three to four trips each year to London, but hates flying. He spends many
    556 words
  • Article
    Sharpening up on energy
    1110 7  -  FORUM. ...with John Drysdale OPEC'S calculation, that the staggered prices next year for their benchmark crude oil (Saudi Arabia's light oil) represent an overall 10 per cent increase, and not 14.5 per cent, is correct if you compare the average oil price next year (U5513.97) with
    1,110 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      326 7 and where to entertain mm Presenting George David from Country and Western to evergreen sansatxxvaJ new AX-7 sound mixing systwn H v< I Tl. "COME, WINE AND DINE IN THE MANNER FIT FOR IMPERIAL LORDS" Now, there's a place where you can really feast like the Imperial Lords The Chinatown
      326 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      28 7 BTIStoW: Fxmk DickenS uiWPft's GOING Of* PkU OUR TfcOUßlfcS UiILU J e>e overe... "IPkWE. IT v os fcR THe CRUNCH UiiLL rr OR loqk't it Pi 3 i5T3t
      28 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Prices tumble
      632 8 TOKYO Source: Daiwa Securities THE MARKET fell sharply over a broad front yesterday, as most investors sat on the sidelines. The Nikkei Dow-Jones average showed the biggest drop this year and closed the day with a sharp loss of Y101.50. In the morning session, large-capital steel issues along
      Source: Daiwa Securities  -  632 words
    • Article
      Sydney
      327 8 THE MARKET yesterday rose in reaction to advances in overseas markets and was slightly more active than Wednesday, but, with little news on which to act, concentrated on second-rank issues and special situations, dealers said. Strong gains were made by base metals, with coals mixed and uraniums mainly steady.
      327 words
    • Article
      Bangkok
      300 8 THE STOCK market yesterday closed firm and the Book Club Index rose 2.41 points to 221.75, dealers said. Rata Finance rose 100 baht to 1,500. Other gainers included International Trust, Union Bank of Thailand, Bangkok Bank and Slam Credit. Asia Credit fell 4 to 460, First Trust 8 to
      300 words
    • Article
      Manila
      183 8 THE MARKET closed mixed yesterday with mining* and oils posting gains while commercials declined, dealers said. Turnover rose sharply to 27.1 million pesos from Wednesday's 10.1 million. Oriental B led the gainera, which included Atlas Con B, Lepanto B, Marinduque B, Philex B, Basic Petroleum, Podco B, Pogei, Meralco,
      183 words
    • Article
      Lock icon ECSC Eurobond
      56 8 Reuter. THE EUROPEAN Coal and Steel Community US$5O million Eurobond carrying a split Interest rate has been priced at 99. Lead manager S. G. Warburg and Co said the bonds, due 1999, carry a M/ 4 per cent coupon until Jan 15, 1984, and then 9 per cent
      Reuter.  -  56 words
    • Article
      Lock icon Hongkong
      374 8 Source: SHK Sec Ltd TRADITIONAL book-squaring activities gave the market a strange appearance yesterday with some sectors showing gains and some tosses. Even so, steady quiet buying gave the market a firmer tone. Blue chips were all better across the board HK climbing 30 cents again at $17.80, Swire
      Source: SHK Sec Ltd  -  374 words
    • Article
      Selected Indices
      64 8 FINANCIAL TIMES INDUSTRIALS Wednesday 478-2 Tuesday 478.1 Week Ago 480.7 DOW JONE8 AVERAGE INDUSTRIALS Wednesday 783.88 Tuesday ***** Week ago 800 86 LONDON DOLLAR PREMIUM Wednesday 80H to 80H Tuesday 79 w to 80 HJLHANG SENG Thursday 808 23 Wednesday 498.79 Week ago 807M SYDNEY INDUSTRIALS Thursday unav
      64 words
    • European markets
      • Article
        Zurich
        106 8 DEC Francs t 1 r :s :t h sas^^zS s^»2„ru ff -•> Roch* 1/M M Hoiderbank Br 3a Intcrfood Br. 3730 f 10 Jelmoli Br m V ;j 0 Buehrle Br 2530 .in Rueek Vera R*t SjMotBr. _rnt +u SL 440 unch :i" ST£3 s sr rr Swiss Bank
        106 words
      • Article
        Amsterdam
        172 8 DEC 30 n ABN J97 00 unch Ahold 112.00 +J Akjo r JO +oj AM*V 90JO +0.4 AmfM 104 SO unch Amrot Bank 74J0 o« r f OM 51.10 unch Bark 12.00 g 01 ni« t.i Borwrnt) 151 JO +U Burhmann Tl.M -40U Bjrenkorf a.00 -1 Calve Delft 110JO
        172 words
      • Article
        Paris
        267 8 DEC 70 Prs CORBBILLE Air-Uquld* MOJO 8 N (terms Danon* 560 C S P (Thomsonnmt\ unch 10 11J CW Prancaise des Pclrotc* Compacnle Plnanctere mjo -0J compacnle Oenerale Credit Foncier n» Prance 1 1 1 X 4-1 4 Hachette (Ubralrte) Z35 Machine* Bull SO JO Mlcheitn 1107 puitu m
        267 words
      • Article
        Brussels
        88 8 DEC rn FORWARD MARKET A W 1U Arbed 3090 -j Ajtur Brmaeui Bru-Ltmb 6M «04 1M0 -M -I ♦S Ctnpic nnri MS 430 Dt B—f» ]J0 .1 Cbei ElectroDcl aao mm 5 unch Ob-Inno-Bm Man uiwn rw* Hobo* MOD MM 1 10 Mm tut ♦s Rjrt Dutch Stdro Soc
        88 words
      • Article
        Frankfurt
        196 8 DEC 30 Dm A*r-Telefunk«n Akmm AUs Lfbtn All* Van BASF Bajp H T Wbank Bay Vbank 78 JO 2SJ0 no S04JO 03 unch -7 -3 1JU0 nut Ill Ml 0J 4J Bayer 1J6J0 0.4 BBC BMW moo CUNUt ***** •4 Chem Vara 297.00 Commerebank ConU Oummi Ddintcf-Bcnt QUO 86J0
        196 words
      • Article
        Milan
        92 8 DEC ao Lin Anlr JO JO -44 Amoc 0«n JM00 4-100 Btilofl m Central* «210 40 Flit FlrukWr no ISO JO K M On lamob m 1.4 IFI Pri aars It&lcementi ami 4)0 Ilaifmi IUUMcr 740 an -a -l Ma«neu M PI 510 -u M Arc 111 Ere 21ft
        92 words
    • Article
      TORONTO
      211 8 DEC ao ca Abitibi Alemn Alfom* Bank Mont Bank Nova Scotia Bell T«I Betb Corp BP Can Ltd Braacan Camp Red Lake Can Imp Bk Canpae Canpac In* Pt Carting OKeef* Comlnco Cone Batb Con* Mar be nor Dankoe Denlaon UH »H »H »w an MH Z ItH MH
      211 words
    • Article
      NEW YORK
      903 8 amc a ACT Industries Addreseograph Alrco ii* Alcan Alum in Allegheny Lud Allied Chem Cp Allied Stores Allls-Chalmers Alum boo Amer Am Airlines Am Brands Inc Am Bnsdcsn Am CM Co Am Craaamld Am Else Pwr Am Iiiium Am Home Prod Am Motors Cp Am Natural Oat Am
      903 words
    • Article
      JO'BURG
      297 8 OK 10 I !Und INDUSTRIALS A Alpha Abcrcoo 130 205 A* And CI MO unch AMIC Bar Ion Curri# rtnanc* Ot Bwn tnd Edcon Upn l>nwlj 1100 410 S» 110 1MB 10 unch unch 8 -S 100 MOB 110 ITS unch unch unch wnth FM Voii rufit MB Oarditn
      297 words
    • Article
      Lock icon ICI Australia debenture
      126 8 Reuter. ICI AUSTRALIA said it plans to rate AHO wtiDkm in its latest debenture issue with the right to accept oversubscriptions totalling 110 million. The issue, top rate of 10.1 per cent tor 10, 15 and 1) year stock, will offer 10 per cent for debentures maturing
      Reuter.  -  126 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon AT and T enjoys profit increase
      376 8 N AMERICAN L Reuter THE AMERICAN Telephone and Telegraph Company has reported a 13.2 per cent rise in profits (or the three months ended Nov 30, although the results were affected by an adverse court ruling involving a California subsidiary. At and T the
      Reuter  -  376 words
    • Article
      Lock icon Con Ed outlook still Him
      666 8 NYT. THE PREVAILING view of Consolidated Edison is of a company in recovery after a disastrous liquidity crunch several years ago that led to the omission of the dividend. And, as a matter of fact, the New York City utility has not only restored the
      NYT.  -  666 words
    • Article
      Lock icon Republic Steel
      43 8 Reuter. REPUBLIC STEEL said it plans a US$2OO million spending programme to upgrade its Cleveland steel operations. The company said it was beginning fosiaecrlnff work and Initiating permit procedures for the Installation of a continuous slab caster and support facilities. Reuter
      Reuter.  -  43 words
    • Article
      Lock icon GSA to probe ATT rise
      101 8 Reuter THE US GENERAL Bcrv* leea Admtoiatmttoa hU Amerleu TelepbtM Mi Telegraph's earaiags are txtMrirt Mi aheaM to GBA aM the Federal ■tea to toveattgate ATTa earaiags to see M they an exeeedlag ttw li to II per eeat rate ef retain ft hjr the
      Reuter  -  101 words
    • Article
      Lock icon IBM accused of making excessive profits
      150 8 Reuter INTERNATIONAL Business Machines said the Federal Renegotiation Board concluded that the company made excessive profits of US$l4 million in 1969 and $26.2 million in 1970. It believes the board's finding is incorrect and it plans to continue discussions with the board to resolve
      Reuter  -  150 words
    • Article
      Lock icon Ennia is confident of further growth
      415 8 EUROPEAN FT. ENNIA, the Dutch insurance company, reports that after tax profits roae by 21 per cent (or the first nine months of 1978 with gross receipts 14 per cent higher. The company improved the result of its life insurance activities and substantially cut
      FT.  -  415 words
    • Article
      Lock icon Renault's layoff
      95 8 Reuter. THE FRENCH state-owned car giant Renault will lay off 1,200 workers at its Grand-Couronne components plant next week because of the economic crisis in Iran. A company spokesman said the week-long layoff was due to an excessive stockpile of spare parts in the plant which could not
      Reuter.  -  95 words
  • Page 8 Advertisements
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  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      213 9 'Zi. BMP w 'n 9<t 'Vv v HOLM -> »A vu U H Mill JLt- Mi PENHAGEN V y< 4 i»' Dt i jr SSl^'sHl >• v? r,:. m f %irm s i t >i¥ W €<* I i> Hi SB i t I M tf; 4 V* s Stt
      213 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1234 10 810 and offer prices officially Hated and business In and reported to the Stock. Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
      1,234 words
    • Article
      Government bonds
      86 10 BONDB 4 1/3* 1/8/80 (250,000) (06JOB *****) 43U4* 15/9/80 (250,000) (90.558 00.708) 5* T F 1/5/83 (290,000) (100.108 100.258) 6 3/4* T F 16/8/81-84 (250/100) (102.308) 7% 1/8/88 (*****0) (100 MB 100.806) 15/10/8 (250.000) (100 JOB) 1/8/87 <230.000) (100 758) 5 3/4* T F 15/7/87 (250,000) (101.508) 5
      86 words
  • Article
    Unit trusts
    139 10 ■Mtft WUNRTStJ m INCOME BONI D UNV1 TfceCoeuem The Savin. F prtw tor Dm B) lata) U1 2.04 uad 1.J7 lis 1JB OK (Clnwl BMd 1.17 S port Prog Fund 0.11 S pore Sac. F md l.«7 ltt S pore bvM Nd 1.19 IJI MUiNMim BAPVND vnrnuR I
    139 words
  • Article
    SHARE INFORMATION SERVICE
    2437 10 SECTION ONE INDUSTRIALS 272 238 178 219 275 111 280 326 245 800 132 123* 107 133 195* 59 182 173* 140* 258 Acma Aicom Allied Choc BAT Bata Ben Berjaya Kawat Bo us te ad Bousteadco C <> C 210 234 108 156cd 275 64* 260
    2,437 words
  • Article
    In Kuala Lumpur
    1274 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified INDUSTRIALS AllnMWti (2 70B). Alaan <1 78B) A Chaa (1.09B) (3) 1
    1,274 words
  • Article
    COMPANY MEETINGS
    304 10 Malayaa Tla Dredglag (M) Bhd: AGM to be held at Wisma Bunga Ray a, 152, Jalan Am pang, Kuala Lumpur at 11.00 am today. Seathera Malayaa Tla Dredglac (M) Bhd: AGM to be held at Wisma Bunga Raya, 152, Jalan Ampang, Kuala Lumpur at 10.00 am today. Utfted
    304 words
  • Article, Illustration
    Market turns quiet despite some short covering
    474 10 QUIKTEB TBAPIWO Stock Exchange ef Stag* per* yesterday. Share prices Improved sa Mr preview eMag link bat there was eery Httte Same ef the baytag seea la the day was attriba table to light short rstrs'ss have to be cleared before tradtag Is
    474 words
  • Article
    Sentiment better but trading extremely dull
    656 10 IT WAS ANOTHER very dull session at the Kuala Lumpur stock market yesterday with prices edging slightly higher in sparse trading. Interest was slack for traders generally preferred the safety of the sidelines. With the recent spate of selling following the announcement of the
    656 words
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  • COMPANY NEWS
    • Article
      New SES sytem brings fear to short sellers
      511 11  -  By ANTHONY TAN THERE IS TALK in local investment circles that the computerisation of trading at the Stock Exchange of Singapore at the beginning of next year may put a stop to short selling in the market. There seems to be little
      511 words
    • Article
      Chin Teck buys 10pc stake in Soctek
      210 11 CHIN TECK Ptoatatteas appears to be mevtag lata sane isnastniai activities with Ita reeeat acqalrfttea af a II per eeat stake la Seetek Ma Bhd. Seetok which has aa tosaed capital •< !*.l milttoa to a palm all reflalag aad fraettoaatlag plaat aader
      210 words
    • Article, Illustration
      ALL'S WELL,'CAUSE ITS HONEYWELL
      301 11 THE SIME DABBY group and Honeywell be. have (wmed a etmpuy la Stagapan to act as distributor tor Heaeywell Mastrial, eavireameatal aad building aatomattoa eiatnta aad systems la Btogapere, Malaysia aad Brunei. Sime Darby aad Heaeywell will each swa N per eeat sf the company, Heaeywell-Slme
      301 words
    • Article
      CHICAGO BOARD OPTIONS
      1596 11 On December 20 CHICAGO Board Options Exchange volume rose slightly to 121,041 contracts from 120,526 on Tuesday. OPTION JAN APL JLY STOCK Alton 40 8 5/8 UNTRD NOL 461/2 Aloiu 45 21/2 4 3/4 UNTRD 461/2 Alcoa SO 5/8 21/16 33/4 461/2 Ali-ou 80 UNTRD UNTRD UNTRD
      1,596 words
    • Article, Illustration
      Good first half at Malayawata
      468 11  -  STEEL SHORTAGE By DAVID CHOW MALAYAWATA STEEL'S trading performance was given a good push in its first half-year ended last Sept 30 by a more active steel market in Malaysia, but its return to status this year has meant that profit at the net level
      468 words
    • Article
      Saint Piran's forecasts may be fulfilled
      524 11 ALTHOUGH the tin price has been erratic, better production levels and favourable conditions in the housebuilding sector have set Saint Piran Limited, one of the few sterling tin shares listed on the Kuala Lumpur Stock Exchange, on the way to fulfilling its optimistic forecasts
      524 words
    • Article
      No comments, says H & L managing director
      124 11 No comments, says H L managing director HIGHLANDS and Lowlands Bhd Joint managing director Henry Barlow said be was not in a position at present to make any comment on the position of the Highlands and Lowlands offer for Rubber Trust Ltd, Amalgamated Rubber Estates Ltd and Shanghai Kelantan Rubber
      124 words
    • LATEST RESULTS
      • Article
        MALAYAN CREDIT
        44 11 has an- nounced unaudited group pre-tax profit of $3.24 million ($773,927) for the half year ended Sept 30, 1978. Turnover for the period was $7.07 million ($3.42 million). Parent company's pre-tax profit was $300,829 ($2.64 million) on turnover of $750,728 ($3.32 million).
        44 words
      • Article
        JACK CHIA-MPH
        18 11 has. through its subsidiary Monfair Optical (Pte) Ltd, acquired an additional 365,000 shares of Malayan Credit.
        18 words
      • Article
        TOSHIBA (MALAYSIA) BHD
        19 11 has proposed a rights issue of three shares for every two held at $1.50 per share.
        19 words
    • Article
      DIVIDENDS ANNOUNCED
      560 11 Current Ex Books Date Total for Total for Paymeat Date Close Payable the year Previous year I Toshiba 15%(b)TE Nov 20 Nov 30 Dec 22 15TE 12(b)TE Sovran 8%<b) Dec 4 Dec 14 Dec 22 6% 6% U I c 20% Dec 4 Dec 11 Dec 22 20%
      560 words
    • Article
      SCRIP ISSUE
      202 11 Com pa ay Particulars Ex Date Books Close S'pore Land Rights Issue of 1 for 3 Dec 22 $1.40 per share Dec 15 Synthetic Reaiaa Rights Issue of 2 for S Dec 28 fe $1.00 per share Dec 13 Fed.Cable* Rights issue of 5 for S Dec 27
      202 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      133 11 ST -*n sn Jr.-1 ft Iff era? rs«?s H5& KB SSfcfcfc uts r m ►i V A w« nwE THE CONSUL'S FILE A sequence of twenty episodes in the life of Ayer Hitam in Malaysia, seen through the eyes of the resident American Consul. The whole spectrum of life in
      133 words
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  • Article
    North-South dialogue is futile, says Lee
    269 12 NorthSouth dialogue is futile, says Lee THE ONGOING NorthSouth' dialogue is futile, Prime Minister Lee Kuan Yew told the London-baaed Guardian Third World Review. The reason is developed countries now are not inclined to be charitable the negotiating machinery can offer nothing to the Third World, he said. In an
    269 words
  • Article
    Lock icon Bullion above US$200
    98 12 Reuter THE AVERAGE gold price for 1979 should be above US$2OO despite the steps announced by President Carter to strengthen the dollar, the Anglo American Corporation of South Africa's gold mining companies said in their annual reports. They are convinced gold will continue to play a major
    Reuter  -  98 words
  • Article
    Lock icon America's MTN accords with Vienna, Zurich
    637 12 Agencies THE United States has agreed with Austria and Switzerland in the Geneva talks on the need for freer world trade, following a "comprehensive undo* standing" with Japan recently. The negotiations, launched in 1973 under the auspices of the General Agreement on Tariffs and
    Agencies  -  637 words
  • Article, Illustration
    Lock icon Have-nots hope for bigger slice at Runaway parley
    405 12 Reuter. EIGHT heads of government representing both the haves and the have-nots will meet in a secluded Jamaican resort for two days of informal discussions between Christmas and the new year, to seek a breakthrough in the Third World's quest for a
    Reuter.  -  405 words
  • Article
    GUILTY OF CORRUPTION
    93 12 INDONESIA'S former deputy national police chief, Lieutenant-General Siswaji, was sentenced to eight years in prison and fined 7 million rupiah (5J23.800) yesterday for corruption. Siswaji and three other defendants were found guilty of embezzlement involving some 4.8 billion rupiahs, from police funds. The four-hour judgment, read out
    93 words
  • Article
    LONDON STOCKS
    660 12 LONDON, Thurs. Share prices recovered from initial easiness to close steady. At 3.00 p.m. the Financial Times index was down 0.8 at 477.4. Closing middle prices of selected stocks excluding stamp duty were: TIN LONDON, Thurs.— Morning officials: Spot buyers CM9S (-05). sellers U.MS (-C7O) Forward buyers C
    660 words
  • Article
    ASEAN 'SUMMIT' MEETING MOOTED
    197 12 ECONOMIC artslitui af Aseaa mUim have preImm af Assaa Inim PMlppter Eetiiale ten la Kaala Lampar last week "Mfy la —'-g "We believe It's mi ear lipMh to heM the w alt lt*a the iuMtm at the heads of pTwist ami they an the sms whs
    197 words
  • Article
    Yards should apply for certs
    185 12 ALL shipyards should be made to apply to the Port of Singapore Authority for gas-free certificates for all hot work to be done on board ships. The suggestion was made by Mr. Phang Sing Eng, deputy director (scientific services) of the PSA, at the Spyros
    185 words
  • Article
    Thailand breaks into S'pore's group of nine
    476 12  -  By COLIN CHEE NINE countries out of over a hundred account for nearly two-thirds of Singapore's total trade during the first ten months of this year. Headed by traditional trading partners Japan, the United States and Peninsula Malaysia, twoway trade between the nine
    476 words
  • Article
    Lock icon Industrial states can take oil price rise
    528 12 Reuter THE Saudi Arabian Finance Minister said the recent oil price increase is logical and industrialised nations can absorb it. Mr Mohammed All AbalKhail said the price increase will enable Opec to compensate partially for losses due to inflation and the decline of
    Reuter  -  528 words
  • Article
    Lock icon Japan's home success will aid the world
    395 12 Reuter JAPAN'S success in boosting domestic demand will continue in 1979, and will play a major role in restoring world economic health by almost halving the huge Japanese trade surplus, the Organisation for Economic Cooperation and Development (OECD) forecast today. The importance of
    Reuter  -  395 words
  • Article
    Lock icon Sweeping plan to cut Argentina's inflation
    176 12 AP. ARGENTINE Unwary Mfarieter Jw MwttM it Hrt aaaeaaeedea Wedaeeday a r iiilag pri|H>l I* beat the eeaatry'a triple-digit MMm hy catttac '■ant toHfli la half ever the Mit Ore years. The areaaaal, which lacks flaal apprml aad hen rtrNg mmMm by mom iadvtrtaUsti
    AP.  -  176 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      135 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 1 month 3 months 6 months 9 months 12 months SV/o p.a. 6V«% p.a. 6V«°/o p.a. 6V«% p.a. 6Vi°/o p.a. Savings p.a.
      135 words
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      Page 12 Advertisements Column 2
      17 12 Who (hires to put ;i white wine id a black hot tie? BL\( K low I r:
      17 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Oil stockpiling
        104 13 AFP. TWO VERY large Japanese carriers (VLCCs) arrived in Tachibana Bay in Nagasaki Prefecture yesterday for a two-year stockpiling of crude oil. The two mammoth tankers the 228,963 dwt Eisho Maru of Japan Line and the 23,115 dwt Sinanogawa Maru of Kawasaki Kisen (K line) will be followed
        AFP.  -  104 words
      • Article
        Lock icon US rigs for China
        78 13 UPI. THE LTV Corporation has announced the sale of seven drilling rigs to China for more than US$4O million (about SsBB milion). The rigs, two for use on land and five for offshore drilling, are the first to be purchased from the United States by mainland
        UPI.  -  78 words
      • Article
        Lock icon Safely through Boston
        116 13 UPI. A FRENCH supertanker carrying enough liquified natural gas to fuel a large suburban community for an entire winter edged safely through Boston Harbour on Wednesday, despite warnings from critics that an accident could turn the city into a disaster area. The Mostefa Ben Boulaid, laden with
        UPI.  -  116 words
    • Article
      Ace stops using Southampton
      756 13  -  GROUP CHOOSES FELIXSTOWE By GOH ENG KEE THE ACE container consortium has stopped using the British port of Southampton as its UK port of call on its Far East-Europe trade. It is now using Felixstowe for a feeder service to Rotterdam. A consortium source here, who
      756 words
    • Article, Illustration
      Facing the cold facts
      290 13 THE COST mi toe Suae (Skpptn) Celd Btorage Cemplex, which «m estimated to east mm |l* millien earlier tots year, will after a ftoal Sasae Stogapere ku mOM peteatial eeatraetors to Ml la (Mr iirtntliM early tola Mai The aetoal toader will ke sffered to Fehraary.
      290 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3235 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list helow tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      3,235 words
    • Article
      INDEX
      557 17 Shipping Uh Pnge Csl Skipping Line Page Col Aconas n 5 Lykes m 5 ACS n 5 Maersk I 4/ 1 Afea IV 3 Maldive V 3 Aguila IV 2 Medtainer IV 1 Alpac IV 5 Meishin IV 2 Angkutan IV 3 MISC IV 4 Anhsing IV 3 MOL
      557 words
    • Article
      Container Schedules
      1016 18 r RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during
      1,016 words
    • Article
      Who acts for whom
      893 18 ?he leading shipping lines operating rom Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN)—Unipacific. Alpac Line—lntrasea.
      893 words
    • Article
      W. Asia trades back in line with the slump
      748 18 THE WEST ASIA shipping trades, which have boomed in the past three yean in defiance of the worldwide shipping recession, have now fallen in line with the industry. The second half of last year saw rates tumbling down by an average
      748 words
    • Article
      Munchen barges and rafts found
      256 18 A BIG SEARCH party comprising about 25 ships and 10 aircraft, which had been combing the Atlantic Ocean for Hapag Lloyd's lashship Munchen missing since Dec 12, yesterday found the first traces of its presence in the area four damaged kife rafts and three barges
      256 words
    • Article, Illustration
      SHIPS IN PORT
      419 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Seta war (2300 after Golden Globe) 19 Chie Maru (after Palm Sea Horse) 15/16 Cornelia Maersk (0800 after Tendai Maru) 3/4 Frotabeira (after Ever Faith) 42/43 Fujitsuki Maru (after Krasica) 13/14 Jesamine (0600 after Golden Malacca) 27/28 Karl Uebknecht (1100) 6/7
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    • Article
      London freight market
      200 18 LITTLE change could be detected In the Far East bulk carrier tone on Wednesday while a slight hardening appeared in the North Atlantic. Cremer took the 60,000 dwt Eredine at U553.75 per dwt (or a Jan 10 to 15 trip from Japan to the Continent via South-east
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      Page 13 Advertisements Column 1
      341 13 Scan Dutch V Fast and Regular Service To /From N.C./SCAN/W.MED./U.K. Singapore Tel *****1. Port Kelang Tel *****1. Kuala.Lumpur Tel ***** Penang Tel ***** <Sf* KI) IM W I Ml Orient Overseas Co*tici*teA Line mkntal chef inr H.KONS COHTWO 13N OttNTtt RESEARCHER SN s seas ma im KPTUK CORAi UN CKVAICR
      341 words
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      Page 13 Advertisements Column 2
      259 13 m *51 SEALORI) ANTAH I m UASC UNITED ARAB SHIPPING CO (SAG) I .All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE" grTSsl wiott shvpmc mences (»n *> 2<ms/ooc) HtJlllS 3» aOOB. MMNA HONK. SMGAPOK 2 £S X" rEI *****94 ra**
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      Page 13 Advertisements Column 3
      277 13 1 k NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE MNERtSED SERVICE lULtiMiLill nil .1 .Mi V 1 iton r Mttw f stove Hwrt RAn O CW' 21 tec 77 tec itm 12 Ma 1) 1m WCOHTMO 2tm 3lm 1) 1m 1J 1m Hlm O RUKia. IIMII 1M MIM him
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      Page 13 Advertisements Column 4
      555 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****1 PortKeiang Tel *****1 Kuala Lumpur Tel *****. Penang Tel ***** MAERSK LINE For USPiCK Gull Atlantic ana East Cdriafla .Aiso m. T. FULLY CONTAINERIZED FAST DIRECT WEEKLY Wl2 a/12 VI VI 7/ J &Q 32 mncj
      555 words
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      748 14 FULLY CONTAfOISED TO EUROPE EXPRESS CONVENTIONAL TO EUROPE Spot F Ktlwc Na MoseHteoi 23,12 27/12 25/1 3/2 2/2 31/1 29/1 FULLY CONTAINERISED TO GENOA/TWESTE S pore f Ketone Genu %wwi 5/1 (/I 2C/1 Hatata Mare 29/12 29/12 17/1 FUUY CONTMOBED 10 USA/CMWM Feeder P Kelang S pore HK (20/12 22/12
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      Page 14 Advertisements Column 2
      469 14 Taprtay T* r«t F* 11/12 I F* 11/19 f«k 14/15 F* 21/23 tim n Jm 30 Feb 1/ 2 FA 4/ 5 b" 2/ 4 Jk 14/17 SjTiMk mm V«t SI Mn m ■11 Apr 2 ■far 19 "»25 «p, I H«2C Apr» Mar 30 Apr 15 *Sjff«4u "Mmi i
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      Page 14 Advertisements Column 3
      704 14 EVERGREEN LINE 'EVERGREEN VARINf CORPORATION) FAR EAST/RED SEA. MEDITERRANEAN SEA) EXPRESS FULL CONTAMER SERVICE I AISO ACCEPTMG CARGO FOR GENOA. LATTAKIA. BE RUT ALEXANDRIA. BENGHAZI. TRIPOLI (LIBYA) 'MM Part SaM lamaai l«fkam Faa 3 tan StM 7 tai 13 Iw IS la* IS lan Efarftawat, ta» ttiM n tan 23
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      Page 14 Advertisements Column 4
      1034 14 I Bwrm Frva Star Sfcippiwi Ctrpa. "BURMESE NATIONAL LINE" UMMK FOB MHBOOM 25/21 Otc 24/25 Ok B F.S S C Agents in Malaysia: TEPS MALAYSIA Tel (38) 7355 Penang Tel *****/***** PATAfiOMA ARSERTBM. *SM)«t to MdvCMWIt Transport toon Marrtima Mtxicma S. A. "MEXICAN NATIONAL LINE" fm ust/ioco a com* unu
      1,034 words
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      Page 14 Advertisements Column 5
      775 14 IQf SANKYO LINE AUSTRALIA SERVICE TBMt STAR mavsky OMMONDSTAR. MAT PRMCE 24/21 Dk 27/21 Dac STO. Id 22/23 Dk 24/2 C tec GERALDTON, MEL 5/ t tan 2/ 4 laa SYD. MEL. MB. 14/11 1m 11/13 Jw MS. STD ML. BANGLADESH SERVICE GENERAL AGENTS CONTARtR BOOWNG I (MO AGENTS P
      775 words
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      485 15 OCL Overseas Containers Limited cowMoar sonnet to uk/cowthit: He*oe*gC«m» Wnt»w ■rasa* Ei«rra C«4|altf CH, •I COfTMOSHT SOtWCt FROM UK/CONTMNT: SINGAPORE MANSE ELD CONTMMER SERVICES. PTE LTD 43(0(1 K LUMPUR CONTAKR AGENCES *****4. P KELANG *****6/t PENANG GUTHRf BOUSTEAD SHPPMG MEMOES *****1/3 RSCL Australia Straits Container Line TCMMSCH AUSTRAL* ASM TEMASEK
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      Page 15 Advertisements Column 2
      839 15 GRANARD LINE l DEPENDABLE NON COHERENCE EXPRESS SERVH3 WEST B0IN)-f M EAST/MEDITERRANEAN MV MM MM ».20M.. M MM FUNG *71*.. MV MM TAT 72* ALL *nSLS ACCEPTMG CONTAWR CARGO M* MM TAT W.I4E EAST BOUPD-AEXTDKA/EAN/FAR EAST M Part Tokoliama Dfbouli P Sad Aleuandna Beirut LattaKia Piieaus Tripoti Benghazi bMul MdJh
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      Page 15 Advertisements Column 3
      819 15 j-prj BEN LINE CONTAINERS woman Ht**t*| Eiprtss 'UwNbl toM«n Haaftwt (iprtss ■na tiprass EVKSS COfHAMPt SEHWCE TO/FKOM EUROPE HBUBC BHAVCN rOMI t S port f Mm| W Gtr*ia»y A*stna Antaerp Cardan Bay 7/2 1/3 3/3 4/3 at* U/2 15/2 1/3 11/3 11/3 Out* Bit 22/2 24/2 17/3 11/3 21/3 FBOMCUBOPt
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      Page 15 Advertisements Column 4
      575 15 V Scan Dutch V mn VA W hj :i»:i:r\vr J) Hb*f 4) Ctar| wl V 2 I J/2 IS/2 17/2 V? IV2 21/2 21/2 2V2 11/2 2«/2 VI V) VI iMiin*KHpt|c»lih#* EASTBOUND FROM MED/UK. :i»]i: t.va h J) B«n 4) Pdaa s>laM<) Maata r Kate* Span I*4-I*oed M/ 12 faM
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      Page 15 Advertisements Column 5
      699 15 'GUTHRIE BOUSTEAD THE BANK LINE LTD LYKES ORIENT LINE EXPRESS SERVICE OHECT FROM SMGATORE TO ICII ORLEANS, MOORE, HOUSTON. GALVESTON ALSO ACCEPTMG CARGO FOR BANGKOK. MANRA. TAIWAN. HONGKONG PUSAM AND MP AN PORTS. UUtnOIMitM). ■mtlTO (*4 4 Lao*) MHKT IMD (Im*) intm 14/15 Mo IM Hk SINGAPORE *****4 PT KELA\G
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      847 16 K LINE KAWASAKI KISEN KAISHA. LTD. HffIWfWIWIHHMBi (VIA SUB by CmUkm Ifnuk J ROPE l Htm Rdam ■n OKF 12* Ok B'Dec 112 Im 13 Im n rnanun ia I 21m 3lm lIS ha It Im HK CONTMCR 13W OROTAI KSMOBMI 11 BRDGE IM Bremen »wp It km II tm
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      Page 16 Advertisements Column 2
      979 16 U.S.A./EAST CANADA SCR accept* Fa/ia contanos fmm pcmng. r. kelang. stoh im*« frmrn. norfou Penary Mm* P Smjapore W MM" (MBA-20 SO) 7/IJM 11/12 taa 13/15 tan 10/10 Mi E.C./GREAT LAKES SERVICE lM*« tar NOV OLK m TOM. MONTREAL. TORONTO, ASHTAMU. Of TWIT CMUSO. PM*t hum P Wwi| Support CAUFORNA/PACFIC
      979 words
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      Page 16 Advertisements Column 3
      598 16 MUQSTIVT ■osToa S S.\ (,n»i|> SINGAPORE SHIPPING AGENCIES PTE LTD .t%t H A > A HSH P O AH /z. S/V, l/YW/ AS/ I \/>.S I im: SmfapO'f m tan/no« M Ml/23 Dk 1* 3/12 IM */»fa W 14/14 ttm Pwanj L*Ata| tar Ate Nub Dub* DSR-LIIMES S port P
      598 words
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      Page 16 Advertisements Column 4
      725 16 WIMilCi MALAYSIAN «VTtHNATIONAI SHIPPING CORPORATION BERHAD westbound fmtm *P Mtan| VesMl Sport 1) IMk 2) Rdam 3) H'barf 4) Gbur| 1) BkMm. (mm. 2) A—t»«ai tahw*. I. Hm, Mm. I«k UK 3) Brmn Mk C»nMa«i». MM 4) lUm SkdMi (Mb 'kciphi bnpt c«f* in M» Mi Spare usraam I) G
      725 words
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      Page 16 Advertisements Column 5
      755 16 PS INTRASEA (PTE) LTD Faber House riJE Oc h.nd Wo.»c c n"y.»t> ■> 3 Telephorie 1 3^-J REGULAR KWOBCWT SEM/FUU COWTAKR SERVICE TO EUROPE fl FM 17 FM 24 km HiUm/Mqi SFM 17 FM WtaMH Kansai Line: STRAITS/AUSTRALIA SERVICE Stngipofc P. KtiiM LM4M fir GRACE ADELADE V.llA— 3Jm 25 Dae
      755 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      145 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AMD WRECT LMER SERVICE TO EGYPT I (PORT SAD ALEXANDRIA) STORE PI ICQ PENANG PT SMD MIX )»11 Jm 24 JM29 WWII 1*27 Ft* 10 f*is MARTIANS CARGO PLEASE CONTACT SOOKER SMGAPORE TEL v *****11 GENERAL AGENTS: SUB-AGENTS: L.N. SNIPPING PTE LTD H.S.H.
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      Page 17 Advertisements Column 2
      170 17 I Seatrain FuH Container Service to USA m U SULF L/C mu Mi a/12 *JJ VI ImM 1/1 Cam 1/1 2VI a/1 1/2 V 2 IVI V 2 2/2 11/2 IV2 FuH Container Service from USA Kma m i/c mi m u m fbk SMMI MK*M 14/11 17/11 2VU 2VII
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      Page 17 Advertisements Column 3
      271 17 \\A SAM ICR LIIMES \C '•"■r-".* <" -V. 1 J"~: J" e LMRSOmCC FROM KOREA/TAIWAN/HONG KONG TO SMGAPOK Inchon Busan Keetung HKong SMI EUN. V23_.il/19 Ok 21/22 Dcc 28/29 Ok SMI KOOK 53 28/27 Ok 29/31 Ok 5/1 tan SMI DONG ¥-23.... 14/15 lan 17/19 Jan 24/27 lan KORINS MARITIME
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      Page 17 Advertisements Column 4
      243 17 ££ar -Cj xpreoa !gtd WEST BOUND LOADMG FOR MUSCAT. DUBAI ABU-DHABI. BAHRAM. KUWAIT ETA ETD AL FARAJ VMN IS to 16 lan FEXL GLORY VtlE EASTERN ENVOY VUI 14 ton IS ton 25 ton 27 ton VACUVATOR SOtVICC M SMGAPORE AVAILABLE VACUVATOR SERVICE M SINGAPORE FOR GRAM DISCHARGE AT ANCHORAG£S
      243 words
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