The Business Times, 7 November 1978

Microfilm: NL9922
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES M.C.(P) No. 21V1/78 TUESDAY, NOVEMBER 7,1978 50CENTS
    9 words
  • BRIEFLY...
    • Article
      Lock icon Dollar strengthens
      80 1 UPI AP LONDON, Mon. Boosted by a continuing improvement against the German mark, the US dollar swung upward on European money markets today. Its strength brought a flood of gold sales and the metal dived almost US$7 (about Ssl4) an ounce in London and $6 in Zurich. In
      UPI; AP  -  80 words
    • Article
      Lock icon Go-ahead for China
      48 1 UPI BANGKOK,Mon. China has won Thai permission for a weekly jetliner flight to Cambodia to overfly Thailand, government sources said. The agreement, which could bring criticism from Vietnam, came on the second day of an official visit to Thailand by Chinese vice-premier Teng Hsiao-ping. UPI.
      UPI  -  48 words
    • Article
      Lock icon Indonesia silent
      76 1 AP JAKARTA, Mon. The Indonesian government remained silent today on allegations that International Telephone and Telegraph Corp of the US had bribed some of its officials to get a US$3O million (Ss63 million) contract to build 15 ground stations for Indonesia's domestic communications satellite. A Washington report said
      AP  -  76 words
    • Article
      Lock icon Oil output down
      72 1 AFP LONDON, Mon. Iranian oil output and shipment abroad was again down sharply today after a slight improvement yesterday, according to the oil majors in the "Iranian consortium" which normally handles 90 per cent of the country's oil. Total consortium output today is likely to be 1,250,000
      AFP  -  72 words
    • Article
      Lock icon Below the mark
      69 1 Reuter TOKYO, Mon. Japan's real economic growth for fiscal 1978 ending next March will be about 5.1 per cent, far below the government's internationally pledged 7 per cent, according to a tentative estimate announced by the influential Federation of Economic Organisations (Keidanren) today. Keidanren economists gave this
      Reuter  -  69 words
    • Article
      Lock icon Teng due in KL
      60 1 AFP KUALA LUMPUR, Mon. The senior Chinese Vice-premier Teng Hsiao-ping will make a threeday official visit to Malaysia from Thursday, it was announced today. According to a Foreign Ministry statement, Mr. Teng will be accompanied by his wife Cho-lin and a 37-member delegation which includes the
      AFP  -  60 words
    • Article
      Lock icon Dow Jones
      79 1 UPI NEW YORK, Mon.— Stocks headed lower early today, apparently because investors were growing more concerned about a recession in the wake of credit tightening and higher interest rates. Trading was moderate. The Dow Jones industrial average of 30 industrials, which gained 17.06 points last week, including 6.15
      UPI  -  79 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      117 1 Rises Most Active Shangri-La 300 +8 H Par 252.000 IC B S Finance C Sugars 300 354 336 +8 +4 2 M Credit S Dai bv 201,000 91,000 U O B 61.000 Falls Total Turnover: 2.46m Total Value: S5.81m Sthn Malayan Tronoh Mine* 1030 740 -50 -30
      117 words
    • Article, Illustration
      In Kuala Lumpur
      164 1 Falls Most Active S Dredge F and N C ami C O.C.B.C. Simp Darbv 406 555 560 865 352 16 15 15 15 -12 -11 -10 S Darbv H Par M Credit F Merlin 217.000 180.000 126.000 70.000 B Rava Cold Storage 202 248 lotaj Turnover: l.<4m
      164 words
  • Article, Illustration
    Full integration for electronics
    809 1  -  KEY COMPONENTS HOME MADE By JOHN TAN THE ELECTRONICS industry in Singapore will be so integrated by 1980 that all key components used in consumer electronics will be locally-manufac-tured. The industry's output, which was $2.3 billion in 1977, is expected to maintain its expansion in future
    809 words
  • Article
    Bank loan for Poseidon offshoot
    244 1 THE LOCAL branch offices of two Japanese banks have made a US$l3.4 million(Ss3o million) medium term loan to the Singapore subsidiary of a top Japanese shipping company. Mitsubishi Bank is managing the seven-year loan to Poseidon Marine Transport Pte Ltd, with Fuji Bank as a
    244 words
  • Article
    Perkins looks to Indonesia, Philippines
    692 1  -  By RONNIE LIM THE UK-based Perkins Engines Group is intensifying efforts to set up diesel manufacturing plants in two Asean countries outside Singapore, now that the Asean diesel engine project designated to the Republic has been suspended. The visiting Perkins chairman and managing director, Mr.
    692 words
  • Article
    Two new issues to make debut on stock exchange
    290 1 TWO NEW imei will make their Mat tills week ea a Market gripped by a lethargic need, i The Sterk Exehaage of Singapore yesterday aaasaaeed tkat tradiag fer the M milliea abares ef Halted lateraatteaal Secarlttes will begla tradiag temerrew while
    290 words
  • Article
    UOB stays on top in tussle for Sinfin
    614 1  -  By QUEK PECK LIM WITH BARELY 24 hours to go before its bid is called, United Overseas Bank has now raised the stakes in the takeover battle for Singapore Finance Ltd. In an effective counter offer to rival Hong Leong Finance's cash
    614 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      19 1 B" TRETORN T OU' 06 S f di r THf;?r n G Avaiiat>u.- thf.jvjgh authorized -Jistftjutors SEE BACK PAGE
      19 words
    • Advertisement
      Page 1 Advertisements Column 2
      129 1 Look! 1 1 MOTA-S® §SKM*JTE World's first with TWO sensors. Ingenious. Instantly twice as safe (both sensors have to be touched by the hand nothing else will do) yet so light to the touch the sensors and Safety Lock need only the lightest touch ever. An absolute fine control that
      129 words
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      Page 1 Advertisements Column 3
      62 1 SHIPPING TIMES WIDE sespe fsr Isvestsrs la FORUM: Big Is still pswerfsl.... 1 j US details eaergy aU sffer to Mertta 11 CMaa !1 5 BERJUNTAI sat to aegatlate EXPORT markets uaderpia mlatag terms.— 11 femestle grewth I OIL market tigkteas. 12 MEMOPAO I, CROSSWORD 2, AIRCRAFT SCHEDULE t,TVI RADIO
      62 words
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      Page 1 Advertisements Column 4
      202 1 UL-BK COMPLETE COPVMG SYSTBK APS ELECTRONICS (PRIVATE) LTD SINGAPORE Te< *****4 (S Lmesi APS ELECTRONICS (M) SON »HO KUALA LUMPUR Tet 03 9MS6C A J London flights Plenty. But did you know that from KLM's home base you can reach over 20 destinations in the U.K. and Ireland? r Edinburgh
      202 words
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  • TRADE AND INDUSTRY
    • Article
      Scope for electronics investment wide open
      499 2 THE ELECTRICAL and electronic industries offer a wide scope for manufacturing investment in Asean. Investment projects wanted by Asean countries range from those involving the relatively low-skilled, labour-intensive assembly of electronic components to the skilled and technically sophisticated manufacture of industrial instruments, such as
      499 words
    • Article
      Lock icon Gatt picks Manila
      115 2 Reuter THE UN General Agreement on Tariffs and Trades (Gatt) Textile Committee has elected the Philippines as a representative of the Association of South-east Asian Nations on its Textile Surveillance Body for a oneyear term. This was announced by the Philippine Trade Ministry yesterday. A spokesman clarified
      Reuter  -  115 words
    • Article
      China imports Tokyo steel
      49 2 CHINA has agreed to import about 2.5 million tonnes of steel products from Japan for the January to June period next year. Steel industry sources said the agreement was reached in talks held in Peking by Chinese officials and representatives of Japan's major steel firms.
      49 words
    • Article, Illustration
      Growing Asean market for power equipment
      368 2  -  By COLIN CHEE ASEAN is becoming an increasingly important market for US manufacturers of electric power equipment. This is reflected in the week-long exhibition at the (JS International Marketing Centre on American energy systems, which opened yesterday. Mr.Tom Moore, director of the centre, said
      368 words
    • Article
      It's traditional JAL warmth
      191 2 JAPAN Air Lines (JAL) will celebrate its 20th anniversary in Singapore with a buffet dinner at the Mandarin Hotel tomorrow evening. A highlight of the evening will be the "Kagami-buraki" ceremony (official opening of the sake barrel), to be performed by the Japanese ambassador to Singapore,
      191 words
    • Article, Illustration
      BANKER DUE HERE
      53 2 MR. John Harrigan (above), president of Western Bancorporation, the holding company of United California Bank, will be here for about a week from tomorrow. He is currently attending the group's regional area meeting in Manila. A representative office here since 1971, UCB was upgraded to an offshore
      53 words
    • Article
      Philippines achieves electrifying results
      725 2  -  By TSANG SAU YIN WITHIN a short span of four years, the electronic exports of the Philippines jumped more than tenfold from a low level of $11 million in 1973 to $124 million in 1977. A late starter compared with other Asian countries such as Singapore,
      725 words
    • Article
      Lock icon Rita's p-rice for visiting the Philippines
      247 2 UPI THE PHILIPPINES couldlose US$6O million (Ssl32 million) in potential rice exports because of-crop destruction wrought by typhoon Rita, Agriculture Secretary Arturo Tanco reported on Sunday. Mr. Tanco told a press conference that the government was delaying negotiations with importing countries until the end
      UPI  -  247 words
    • Article
      Lock icon Several US firms are keen on Indonesia
      151 2 Reuter AT LEAST three or four US companies will invest in Indonesia as a result of the visit by the US Overseas Private Investment Corp (Opic) mission there, the mission's leader, Mr Charles Robinson, said. He said one US company would invest between
      Reuter  -  151 words
    • Article
      Lock icon Austrian bank to push HK goods in East Europe
      245 2 UPI A TRADING subsidiary of Austria's GenossenschaftJiche Zentralbank will coordinate barter trade between Hongkong and Eastern Europe, the bank's chairman, Mr. Hellmuth Klauhs. said yesterday. The hank, one of Austria's four largest, inaugurated Bravona Trading, the Hongkong branch of its world
      UPI  -  245 words
    • Article
      Furniture mission
      87 2 A 25-member mission from the Singapore Furniture Manufacturers' and Traders' Association will attend the 4th Convention of the Association of Furniture Industries of Asia to be held in Taipeh on Nov 26-30. The association said in a statement yesterday that the mission, which will be led by its
      87 words
    • Article
      MEMO PAD
      402 2 COURSES AND TALKS Oct 16-Dec 18 (every Monday): A detailed study of reinsurance and its role in the conduct of insurance business, sitc, srrc. Oct 25-Nov 17: Business law, SIM, SIM Oct 31-Nov 9: Introduction to organisation and methods, PSA, PSA Central Training School. Nov 2-14: Personnel guidelines
      402 words
    • Article, Illustration
      WTC coming up Down Under
      375 3 AISTRALIA is planning to built a world trade centre to bring together •n one site all the companies, official agencies and service organisations involved in international trade. Planning is well advanced for the SASI million (*****.5 million) first stage to be built on 5.C hectares
      375 words
    • Article
      Make the most of labour abroad, Japanese told
      229 3 JAPANESE industries should promote more oversea investments to make the best use of abundant labour and raw materials abroad. This is the proposal of the Japan Committee for Economic Development (Keizai Doyukai). a policy study group of top businessmen, as reported in
      229 words
    • Article
      Lock icon THAILAND, CHINA TRADE DEAL
      115 3 UPI CHINA has agreed to buy USBO million (Ssl6B million) worth of Thai goods next year in a deal that will be paid for partly by Chinese oil. Thai Deputy Commerce Minister Prok Amaranand said the deal will be approved during the current visit to Thailand
      UPI  -  115 words
    • Article
      Lock icon Singapore ripe for discovery by Filipino shoppers
      211 3 AFP A WELL-KNOWN Asian journalist suggested "quiet" Singapore as a better place than "noisy and dirty" Hongkong for Filipinos shopping abroad. Teodoro Valencia whose acerbic comments have made his name a household word, said in his column "The Jaywalker" in the Evening Express
      AFP  -  211 words
    • Article
      Surveying riches in the Malacca Straits
      411 3 SEVERAL new and major proposals were made at the 15th session of the Committee for Co-ordination of Joint Prospecting for Mineral Resources in Asean Offshore Areas (CCOP) which ended yesterday. The second phase of the offshore tin survey in the Malacca Straits will begin
      411 words
    • Article, Illustration
      MTC PLANS NEW TRIAL TOBACCO PROJECTS
      647 3 THE Malaysian Tobacco Company, working closely with the National Tobacco Board and the Malaysian Agricultural and Research Development Institute (Mardi). will soon embark on a new series of experimental tobacco growing projects in central Trengganu. The projects hope to solve some of the outstanding
      647 words
    • Article
      ITC holders making an impact on employers
      774 3  -  NEAR DOUBLING OF WAGES By JOHN LIM LABOUR market indicators show a strong demand for Industrial Technician Certificate (ITC) holders. A study of wages earned, which showed a near doubling of an ITC graduate's pay between 1971 and 1976, further supports this. Speaking
      774 words
    • Article
      Lock icon Equity participation in Chrysler Australia
      422 3 UPI AUSTRALIAN Industry and Commerce Minister P.R. Lynch said Chrysler Corporation and Mitsubishi Motors Corporation are expected to submit a proposal next year for Mitsubishi's equity participation in Chrysler Australia. But Mr. Lynch, who arrived in Tokyo on Thursday for four days of talks with
      UPI  -  422 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      130 2 The Love of V A ooking A >«'r w .w: J»v\> H V r »< l\ TV kV V ft Lo, ttta wHuw CNnm caafcary introduce tht rt#dtr to tht ttfhnteiitt of CMmn cooking, nid glvoo on Inolg uniquo wty of ootlng* BoQinnlnQ witft Kenneth Lo ooupo to doooocto, giving
      130 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      622 2 'i 20 23 CRYPTIC PUZZLE ACROSS 1 It means "Stop!" In a big way (5) 6 Do start the game! (5) 9 Unfriendly bit of a blitz on a castle (7) 10 Too far to go in 12 hours on a donkey (5) 11 Scene of contest with a hardhearted
      622 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      314 4 THE SINGAPORE rubber market yesterday closed slightly higher, with November One RSS buyers quoted at 260.75 cents per kilo, up 0.75 cent from last Friday's close. The afternoon session was quiet and inactive but tended easier after the close on predomination of sellers, dealers said. The
      314 words
    • Article
      Closing prices
      30 4 Rubber: Nov 6 Singapore: November: 260.75 cents (up 0.75 cent) Malaysia November: 263.00 cents (down 1.25 cents) Tin: M 52,085 $10) Official offering: 205 tonnes (up 60 tonnes)
      30 words
    • Article
      SSR and SMR
      116 4 NOON SSR am! SMR pi n t's yesterday: RAN N«v« inker D eeeaker (Carreat Mtk) (FW ■war* Mtk) wi Sellers Bayers Seller* ■q SSR JO (reals (eei per kg) 1 l ion pallet 242.50 244 50N 245.00 247 OON SSR 50 11 ion pallet) ***** 242 50N
      116 words
    • Article
      RAS PRICES
      328 4 Prices in eenU per kilo yesterday: Nooa (per Me) Qoat (per kfle) tot 1 RSS prompt Uk.BMI tot i rss. Mnuiwiiw m.n tot I "<« rw««h» tat 2 R S S 8UI UK/Coat. SZ.S0 UK 3 R-S-S BUI UK/Goat MJI tot 4 RSS. HUM UK/Com MUl tot S
      328 words
    • Article
      Rice
      200 4 BANGKOK rice prices were quoted as follows on yesterday (In US dollars pet' tonne FO B tvisis Bangkok > •Idle rlee: 100 pet Ist class 356. 100 pet 2nd class 340. 100 pet 3rd class 335. 5 pet 328. 10 pet 305. 15 pet 300. 20 pet 296. 25
      200 words
    • Article
      Straits tin
      84 4 THE STRAITS tin price in Penang yesterday rose MSIO to $2,085 per ptcul $385 above the Internationa] Tin Agreement ceiling, dealers said. Renewed Japanese buying. together with US interest and strong local demand prompted took the market higher, they said. Total turnover increased to 205 tonnes from 145
      84 words
    • Article
      Copper
      79 4 COPPER wirebars in London yesterday finished the morning £3 higher all round. The early pre-market was steady reflecting the New York close but profit-taking trimmed prices before dealer covering gave renewed support following a larger than-expected decline in LME stocks last week. Three Months traded down from £784 down
      79 words
    • Article
      Silver
      46 4 THE HONGKONG silver futures market yesterday closed at HK5276.50 per 10 ounces, unchanged from Saturday's close, in fairly quiet trading, dealers said. The fixing price was also unchanged at HK5276.50. On the LONDON Metal Exchange yesterday, silver lost 1.6 to 1.2 pence per troy ounce.
      46 words
    • Article
      Aluminium
      31 4 ALUMINIUM closed £0.5 higher for Three Months in London yesterday. Prices fluctuated around previous closing levels in quiet and featureless dealings. Turnover of 500 tonnes was boosted by a carry.
      31 words
    • Article
      Produce exchange
      294 4 TRADING conditions were generally quiet with only routine business reported locally on consumer account at the Singapore produce market yesterday. Dealers of most commodities were adopting a wait-and-see attitude in the light of further uncertainties of the US dollar on the foreign exchange markets. If anything, the recent
      294 words
    • Article
      Gold
      238 4 THE KILOBAR in Singapore yesterday opened at Ssls,0», and closed lower at $14,965. The high-low trading range for the day was $15,108/14,955, and the market was quiet. Spot gold for London delivery opened at USBM.OO/215.00 and closed "very bearishly" at U*****.60/212.10. The high stayed at the opening level while
      238 words
    • Article
      Hongkong Comex
      207 4 THE SUGAR futures market yesterday closed little changed in quiet and featureless trading, with turnover four lots against 23 on Friday, dealers said. Trading was restricted to May delivery, with prices of between 9.80 and 9.70 US cents, little changed from Friday's close. The day's daily spot sugar
      207 words
    • Article
      SPOT PRICES
      186 4 YARN and cotton in Hongkong dollars, spot ex-godown: Cstlsn yarn: China Blue Phoenix 20s 2.130: 3k 2.730: 40s 2.M0 (per bale of 400 lbs). Plane goads: China Butterfly and Globe brand unq: Dragon Head unq: Five Lambs unq. Flower aad Butterfly unq: Flying Geese unq (per piece 36
      186 words
    • Article
      Lock icon Market put in disarray by forex movements
      1366 4 AFP THERE was utter confusion on the London commodity markets last week following the violent movements of currencies on the foreign exchanges. President Carter's rescue operation for the US dollar caught everyone by surprise. Gold dealings were suspended momentarily. Elsewhere trading conditions were
      AFP  -  1,366 words
    • Article
      Sugar
      114 4 RAW sugar futures in London yesterday opened £0.25 down to £0.20 per tonne up from Friday afternoon's closing levels. Turnover totalled 1,057 lots. Values eased back from steadier kerb levels under light local selling and long liquidation in a thin market. White sugar futures-were trade less with prices £0.75
      114 words
    • Article
      Coffee
      64 4 ROBUST A futures in London yesterday ended the opening call quietly steady, unchanged to £2 per tonne up from Friday in sales of €8 lots. Values initially gained around basis January at £1.462 but dealers reported little buying interest and little fresh developments with prices edging back to around
      64 words
    • Article
      Cocoa
      54 4 TERMINAL cocoa in London yesterday opened £7.50 per tonne down from Friday to unchanged in thin trading. dealers said. Some of the underlying support could be attributed to arbitrage buying against lower sterling to the US dollar. They said prices could have opened substantially lower against New York's barely
      54 words
    • Article
      Lead
      68 4 LEAD was up by £1.75 for cash and £2.25 for Three Months in London yesterday. Covering against physical demand, fresh and chart buying combined to boost values back to recent highs with Three Months trading up to £425 on the pre-mar-ket. Trade selling halted the advance subsequently. Also aiding
      68 words
    • Article
      Zinc
      52 4 ZINC was up £2.5 for cash and £4.5 for Three Months in London yesterday. The market attracted covering against some Continental physical demand and reports of increasing tightness in the availability of concentrates, dealers said. Three Months traded up to £370 per tonne on the late kerb. Sales were
      52 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        403 4 THE US dollar firmed marginally on the foreign exchange market yesterday as traders continued to cover open positions. Against the yen at 188.50/ €0 at the start of the day, the US dollar was traded to a high 189.15/25 at about lunch time. London opening had the dollar
        403 words
      • Article
        London
        202 4 WITH THE market becoming more settled in the wake of last week's US dollar defence package, the US currency yesterday opened well above Friday's closing levels in lively though orderly trading. The dollar's gains were taken over here from the Far East, dealers said. Adding strength were the widespread
        202 words
      • Article
        Asian $ rates
        177 4 Asian rates ASIAN currency deposit interbank rates as at close on Nov 6: US DolWra(Sprt) Offer BiT "Jdays 10'. 10 1 month 111/16 10 15/16 2 months 115/16 113/16 3 months 119/16 117/16 6 months 1113/*****1/16 0 months 1113/*****1/16 12 months 11 13/16 11 11/16 8w.Fr*. Dm. 1 month 3
        177 words
      • Article
        Discount
        49 4 Range of prices offered by discount house* on Nov 6: Overnight 3 to 3"* Call deposits 3 to Cloaiac Baria< Selitaf 3 month Treasury bills 3 3* 3 month Bank bills 613/16 611/16 3 month CO 73/16 71/16 6 month CD 7*. 7"/, Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best cuatomers is 7.5 per cent.
        21 words
      • Article
        Tokyo
        167 4 THE DOLLAR for overnight delivery yesterday closed higher at 189.40 yen, compared with a 188.50 opening and 186.00 at Friday's cloae. After opening sharply higher, reflecting its strength in New York last Friday, the dollar rose up further on buying lo cover high early-week import settlement requirements, dealers said.
        167 words
      • Article
        Hongkong
        137 4 IN LATE (airly active trading, the US dollar firmed against major currencies yesterday. The market continued to be nervous with no fresh news to give operators a lead, dealers said. The US currency finned on some West Asian buying interest- around mid-session and late European demand from the 1.90
        137 words
      • Article
        Australia/NZ
        66 4 AUSTRALIA and New Zealand exchanges on Nov 6: AIKTRAIJA: t'S doltei 1 15M 1 MM Si ri ling QSIM 5717 Ninnv-day airmail buving rales: Sim Jin* MM fS Mhr- 1 MM Ninety-day forward buying ram Sterling O.SSM US dolter 1 UU NEW ZEALAND Si pi ling 0.&V7 C 53M
        66 words
      • Article
        Frankfurt
        51 4 FRANKFURT exchanges opening quotes on Nov 6: US 1.9050 70 (1.8990 70) Can 1 6290 330 Slg 3.744 754 DF1 92.45 CO S Fr 115.60 85 Ul 2.277 287 F Fr 44.05 15 N Kr 37 75 85 B FT (con) 6.384 3M BFr(fin) 6.163 6J83 Yon 1 0M5
        51 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      329 4 CHINESE Leys s j-'-^ ML* ♦a* "Finally, the book that demystifies China" Stanley Karnow, author of Mao and China Chinese Shadows takes us behind the shadowplay that is all most Westerners ever see of today's China. Scathingly critical of foreign journalists who whitewash the Cultural Revolution, Simon Leys depicts the
      329 words
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  • OVERSEAS
    • Article
      More leeway for private sector thrust will help
      737 5 Alan Lerner. senior vice president (money market economics) of Bankers Trust Co, reports on US money market conditions Immt HW&. i MOBILISING swiftly to check a crisis in the domestic and international financial markets, the Carter Administration last week announced measures to
      737 words
    • Article
      First for Australian state governments
      146 5 AUSTRALIAN state governments are now authorised for the first time to borrow more than AJI.7 billion (Ss4 billion) on foreign markets for development and capital works. The agreement was worked out at a historic loan council meeting held in Melbourne. The borrowings to be made
      146 words
    • Article
      RECORD RATE
      70 5 THE Bank of Canada said it raised the bank rate to a record 10 per cent from 10 •i per cent, effective immediately. The previous 10'4 per cent rate, in force since Oct 16, was itself a record and compares with the previous high 9' i per cent
      70 words
    • WORLD IN BRIEF
      • Article
        MAJOR BLOW FOR KREISKY
        437 5 AUSTRIANS have voted to scrap a US$53O million (Sll.l billion) nuclear power station in a major blow against the socialist K eminent of Chancellor no Kreisky. Final results in the natioawide referendum showed a slim majority of 50.5 per cent of the electorate is opposed to
        437 words
    • Article
      Lock icon High-powered US aid offer to Chinese
      1004 5 UPI THE United States has offered to help China dig coal mines, design an atom smasher and build a huge dam on the Yangtze River, reviving economic cooperation that stopped with China's 1949 communist revolution. Disclosing this, US Energy Secretary James Schlesinger, who arrived
      UPI  -  1,004 words
    • Article, Illustration
      Demag makes a splash
      239 5 WHEN heslaeaaaiea hear the aame "Demag", they asaally thlak af machlaes far the caastraetlea ladestry, »t«el predaetlea, aad eqaiptmeat far preecaalag plasties. Hardly aay af then eaald Imagine the ladastrial glaat gaiag la for the predaetlea af rwmjail sttdee. That might ehaage la yean to eeuM,
      239 words
    • Article
      Lock icon UK deflationary package expected
      485 5 Reuter STOCKBROKERS Phillips and Drew expect a British monetary package shortly which will include higher interest rates and some tightening of the government's monetary growth targets. The firm's November economic forecast, expects settlements in the current pay round to average 10 to 12 per cent in
      Reuter  -  485 words
    • Article
      Lock icon Copier giants brace for more intense rivalry
      395 5 Reuter A REPORT by a Californiabased research and consulting firm predicts worldwide growth for the copier industry. but potential trouble for some giants in the field. A dramatic rise in competition, mainly from Japan, and severe price pressures, will threaten the market shares
      Reuter  -  395 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      689 5 ARRIVALS Service Local Operator* Naaber Time Proa MAS MHtt2 0725 KCH SIA SQ101 0815 KUL MAS MHB1 0640 PEN MAS MH07 0845 KUL f MAS MHI71 0945 PEN KUL CAL CB06 1000 HLP CPA CX710 1005 HLP CIA GAM 1030 HLP MAS MH8B 106 KUL SIA 9Q103
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      193 5 V ENEX-ASIA7B ELECTRICAL AND ELECTRONIC ENGINEERING EXHIBITION l CONFERENCE \< t MHi K H'.- h< i THE EXHIBITION Over $15 million worth of latest equipment on exhibit over 5000 m 2 of display area. 7 official national groups and 15 countries with 230 manufacturers, many of whom are seeking agents
      193 words
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  • Article
    A hallmark of our industrial progress
    357 6 THE Economic Development Board, in its latest report paints an extremely rosy picture of the electronics industry. Electronics spearheaded the growth of the manufacturing sector last year, and again in the first half of this year, and all the indicators are pointing to a
    357 words
  • Article
    ITB graduates come of age
    214 6 THE heavy investment In industrial training schemes appears to have borne fruit. Judging by the figures given by the Industrial Training Board chairman Dr Ahmad Mattar, the strong demand for the board's products, the doubling of wages over a five-year period even providing f or
    214 words
  • Article, Illustration
    Export markets dictate our domestic economic growth
    971 6  -  By JOHN TAN THE DOMESTIC economy is highly dependent on export markets for its growth and survival, newly published Figures reveal. Nearly 40 per cent of all economic activity is aimed at satisfying the demand from beyond Singapore's shores. Domestic private sector demand
    971 words
  • Article
    $600 m ON THE MENU
    317 6 SINGAPOREANS speai Mnlku UN srtlllsa ywr ud WwteM mMcm ui sure ttea $2M nllttM year sa theMdtjf, water aai gas, the lapatOatpat TaMes lf» reveal. AaMag the aiajsr toiasUhs, Ike largeat la term* at salee «u (fee wiiltwlt aai retail (rata, arMeb aeeeaatei (er a
    317 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      137 6 w i <0 'c 'Future Generatlon' s&J k r<i 'kt VUuhWwtx A perfect complement to any meal Just dont mm them at the ton Bar IMI they ara Alao on staga to a non-stop musical delight Sonny Mate A The Naw Moanoawa Comli— lian LoiM lan 3 0 *8 as®
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 V. OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Repert tor 24 hews prtor to 7JI p.m. N«v < at the airp*rt: Maximum temperature 31.0 C Associated humidity 68 Minimum temperature 23.4 C Associated humidity 100 Hours of sunshine 4.85 Rainfall in millimetres 0.5
      62 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      283 6 3.00 PM Opening announcements fol- Highness Dobermann (Repeat) lowed by Impact The Language 7.30 News in Malay* Issue (Last Episode) 7.45 Pusparama (Malay)* 3.20 Diary Of Events (English)* 8.30 Science Report* 3.25 Afternoon Matinee The Dolly 8.45 War and Peace Pt 17: Of Life And Sisters (Pt.2) Starring: Betty Death*
      283 words
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  • Article, Illustration
    Lock icon London's brokers unimpressed by Carter's package
    1334 7  -  By ROBERT HERSHEY NYT TACTICALLY it was a masterpiece. The Carter administration unleashed its mighty barrage in defence of the dollar last Wednesday just as the enemy was savouring ■yet another easy victo.ty and was confidently beginning to mount new and profitable assaults. The
    NYT  -  1,334 words
  • Article
    STRAWS IN THE WIND
    374 7 ENTERPRISE is not lost, a colleague observes. Those who care to take an evening stroll on the new beach by the east coast parkway will find at least one pair of small-time entrepreneurs. Because they are not al- lowed to hawk there, this couple sits on
    374 words
  • Article
    Insurance agents should be properly trained
    553 7  -  Letters to the Editor VINCENT CHUA Ufe (Jaderwrlters Imrlsttoa pare WE REFER to year editorials sf Oct If sad a, aad are sarprtoed that a repataIhMaalaftMf -J——— VICwI f¥Cr 1M HUM elHcas eeatefapTbeth «■"tL'taManawe ageato aad the Hfe lasaraaat ladastry. The editorial of Oct
    553 words
  • Article
    Big is still powerful
    1048 7  -  FOBUM r ...on world bodies ®y HOCK LOCK SIEW PROFFESSOR Schumacher is right. Small is beautiful. The very word inspires in one the feeling of warmth, cosiness and the closeness in a tightly-knit society where people understand each other and get things done. Small is beautiful.
    1,048 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      342 7 •i ■*w- J;.- <S i r *'r -x V tSE&r *> ik A^r-'t •'r> New Japanese Restaurant KIKU^p serving authentic 7s%' Japanese food t «v* Icpfxin \ikki [rnifhim shdshmi *sukivaki *skiixi sfvilxj KIKU JAPANESE RESTAURANT ORCHID iNN Te< ***** C 2 1 4 Dunearn Road Singapore 1 tflV p> L
      342 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      72 7 BnStcW :Ftei2kl&ckEz£ U)M»LG, FUDGe IS PtiJFW i TO Keep £N efe on tmis 1 BS ueu_ fts oljn. BJr s i p>m pi Bosv mf\N I AND shru. OHLV MRve Time 1 to POP ih evegv/ nooj rmt, I O'fe Of VQU TuXD To g 0 d TMC PLRCe AS
      72 words
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  • Article
    Lock icon US commercial banks face rivalry from their clients
    1640 8 FT DURING the past seven years Armco Steel, the fifth largest US steel company with sales running at over USs3' billion a year, has only borrowed from its bankers for two days. But throughout this period it has had short term debts
    FT  -  1,640 words
  • Article
    Lock icon Royal Dutch/Shell leads the MNCs
    1320 8 FT LIKE corporate Gullivers among the Lilliputians, Holland's multinational companies dominate the financial arena in a country of only 14 million people. Taking first place on Fortune Magazine's latest list of the top 500 industrial groups outside the US is Royal Dutch/Shell, the 60:40 Dutch-British
    FT  -  1,320 words
  • Article
    Weak margin accounts could crush the market
    764 8 PRESIDENT Carter's dramatic plan to the dollar through new support guarantees abroad and higher official interest charges at home stopped a sellers' panic oa Wall Street last week and brought, on Wednesday, some of the best one-day gains in stock market history. But
    764 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      MARKET BULLISH
      523 8 TOKYO THE MARKET continued bullish yesterday, centring on blue chips. The Nikkei Dow-Jones average recorded an all-time high and ckwd the day with a a,n of V»i.79 at Y5.936.117 In the morning session, "jort-rejjited issues were further bought, since the yen rate Malnst the dollar openiTmW Moreover, redenomlnatlonrelated
      523 words
    • Article
      Manila
      67 8 NOV Cam Acoje Mlnlna MM -0.M AUuCan A AIIHOM. B. BMUtoOotf -•■Ml BCon. B -«l BFGoodrich CDCP MN n 75 -o.s I nee B Undofl 01M -#.•1 25 -0.015 < SB 4.1 Mermlco an -14 OrtcnUl B ♦o.ooi PhMOur—i Phftirx A PhttraB hoy A PWx»B mnPotfeoB W 4.« M
      67 words
    • Article
      Hongkong
      231 8 NOV Am*) Rubber Associated Hotels HK) ISO in uneb Cheonc Kocif China Ena CbfetUM City Urban um I.TW MM 1 JOB -4 3 -MS -4.M CQOMOpoi Ooo P 4 8 Cross Harb Tunnel East Ana Nav* rvtutbeh ptme* l.M KM SB «.IM -a.i unch 4.BI H/B Hotels a to
      231 words
    • Article
      Bangkok
      142 8 M»« BUM Bangkok Bank* M h Bank of M .U Omwrw Bank Ml -4 ThalDanu Bull -14 Thai ruwri Bank m -1 Industrial Finance Corp unch Btnfkok nmm* *u Oeneral Finance UcKwanc Iff* MlnaTruat -4 Slain credit Ayuthaya In*. -14 and Trust ♦1 Safety Insurance Thai insurance Jala Prtttitn
      142 words
    • Article
      Selected Indices
      32 8 h k hahoseno Monday MM! trtday 067.35 Week Ago 08&32 MVDXBY IXDL'ftTBlALS Monday 4MLt7 l-TWlay JgJJ Week Ago 4M.M ALL OR DIN ARIEK Monday Mi u £J8 Week Ago iMf
      32 words
    • Article
      Sydney
      343 8 THE URANIUM stocks yesterday dominated a generally quiet market following Friday's signing of the ranger agree^en" After a strong rise In early trading, most of the uranium t>* sues finished off the top. Mro gained 40 cents to AM. 10. and IU BZ industries 10 The Nabarlek developers. Queensland
      343 words
  • Page 8 Advertisements
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon AT & T under antitrust fire
      898 9 AT T under antitrust fire N. AMERICAN L d NYT THE US Justice Department has raised publicly for the fjrst time, the prospect that it may ask a Federal court to split up the Western Electric Co.. as well as several operating telephone companies. in its drive to break up
      NYT  -  898 words
    • Article
      Lock icon GENERAL DYNAMICS HIGHER
      216 9 Reuter THE General Dynamics Corporation, a leading aerospace concern, reported its third quarter profit from operations rose to U528.8 million dollars, or 3.75 dollars a share, compared with 25.5 million dollars, or 2.34 dollars a share, a year earli- The company also said its sales increased to
      Reuter  -  216 words
    • Article
      Lock icon Alcoa survives slump with profit doubled
      235 9 Reuter THE Aluminum Company of America said its third quarler profit nearly doubled compared with a year ago because shipments were largely unaffected by the seasonal slump that traditionally occurs in late summer'. The company posted a profit of 83.8 million US dollars. or
      Reuter  -  235 words
    • Article
      Lock icon ROCKWELL CHARGED WITH CONSPIRACY
      121 9 Reuter A FEDERAL Grand Jury has charged Rockwell International Corp. and the Sprague meter division of Textron with conspiring to fix prices of gas meters. Assistant attorney general John Shenefield said the charges stem directly from voluntary disclosures by the Singer Co. that it was taking
      Reuter  -  121 words
    • Article
      Pirelli expects higher profits
      154 9 PIRELLI E C said it expects higher 1978 profits, as a result of an increase in dividends, revenues and a sharp reduction in financial charges following extinction of debts at the end of June. An increase in capital, to 18.5 billion lire from 13.9 billion. allowed
      154 words
    • Article
      Olympus Optical
      57 9 THE Olympus Optical 'Co Ltd 80 million mark bond will be convertible from next Feb 1, at 703 yen per share at a fixed exchange rate of 103.53 yen per mark, lead manager Deutsche Bank AG said. The bond has a life of seven years and will be
      57 words
    • Article
      Ferodo
      58 9 PARIS: SA Francaise du Ferodo said it plans a twofor- five share issue at 460 francs per 100 francs nominal for which subscriptions will be received between Nov 6 and Dec 7, 1978. A total of 629,658 new shares will be issued and the operation will raise capital to
      58 words
    • Article
      Lock icon Burlington
      30 9 Reuter BURLINGTON Industries Inc. will redeem its 50 million franc. 5.5 pet bond due 1968 83 prematurely at par on Jan 31 next year, the Zurich Stock Exchange said.-Reuter
      Reuter  -  30 words
    • Article, Illustration
      Grundig TV sets becoming popular
      593 9 EUROPEAN THE Grundig group has announced a turnover increase of 10 per cent to DM2.763 million for the 1977-78 finanm cial year ending March 31. This compares with the 6 per cent growth last year. The group attributes the increase to strong demand 7 for
      593 words
    • Article
      Lock icon Honeywell says good results will continue
      442 9 Reuter HONEYWELL Inc's fourth quarter prospects "look very good." with the trend of its third quarter and nine monlh results expected to continue through 1978. chairman Edson Spencer said in an interview. Honeywell's third quarter and nine month earnings were up more than 25
      Reuter  -  442 words
    • Article
      Lock icon More Natomas oil
      166 9 Reuter NATOMAS Co said drilling of its Selatan "A" platform development wells in the 53 per rent-owned south-east Sumatra contract area offshore Indonesia have resulted in a "signficantly greater" oil pay section than anticipated.. Natomas said oil reserve estimates have accordingly been increased by 35 per cent
      Reuter  -  166 words
    • Article
      Beecham suit to be settled
      144 9 THE US Justice Department filed a proposed consent de nee that would settle its 1970 antitrust suit against Beecham Group Ltd of Britain and its US subsidiary. Beecham Inc. The suit remains in force, however, against BristolMyers Co. the third of three defendants. Bristol-Myers was
      144 words
    • Article
      Honda falls in the first half
      305 9 ASIAN h A HONDA Motor have announced a decline in net income during the half year period ending Aug 31. Honda reported that its consolidated net income during the period dropped 11.5 per cent to U5588,589 million on sales of $3.11 billion, up 13.7
      305 words
    • Article
      Mt Newman calls off strike
      214 9 IRON ore loading at the Mt Mewman Consortium's Port Hedland facilities iesumed on Thursday night after striking Australian workers union members returned to work, a company spokesman said from Perth. The men voted to resume work at a meeting brought forward from Friday to Thursday
      214 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      200 9 \0 The NEW CXrCCD ILLISTMTED DICTICNACy i§B aac LEA m l MAY •U.MF. 1.F.8 /-YM nir MW "N .2 H: V JL^T- >> in Two Volumes Here it is Oxford celebrates its Quincentenary Year (1478 1978) with the publication of THt NEW OXFORD ILLUSTRATED DICTIONARY. The NeW Oxford Illustrated Dictionary
      200 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1035 10 MD and ofT«r pneea oflkttlb tM •v. fßd MHM in M 4 U UM _n Bschanflt of Wiipi|iiiii jwnr'«iW *n<t Um number ofAtmtnM Z3bvn n brwttu In lota of 1.M9 unjK trim «uw«in (pecmed All Ttam settlement Contract* an '"mm altar the wortl "attt." *f*B»t BoarO deal (In
      1,035 words
    • Article
      Government bonds
      124 10 4 1/2% 1/VBB (250.000) (99.458 00 608) 4 V 4% IS/VM (250.000) (00.858 100 008) 8% 11/4/81 (250.000) (00 95 B 100.108) »TI 1/1/83 250.000) (100.1 SB 100.308) 8 J/4% T P IWBI-84 (250.000) (102.008) 7% 15/4/84 250.000) (100.808 100 958) (4) 100 80 7% 1/8/88 (250.000) (100.708
      124 words
    • Article
      Stock options
      79 10 BTRIKINQ price* of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown In brackets. Cold Storage (Dec -$2%) (0.168 0.2755) HUME F E (DEC-SI 55) (0.378 O.4SS) INCHCAPE (DEC-51.65)
      79 words
  • Article
    Unit trusts
    153 10 MNCArOBE 11 HIT TBI8T INCOME BOND UNIT (MMMflm* price lirN* »1> (CaiTMrt ft Income Bond lM) l.U The Commei ce The Sav ing Fund 2 33 1 46 2.47 155 1.17 S'pore Pro* Fund 104 l.ltad S'pore Sec Fund 192 2 04 S poif Invest Fund 133 1.41
    153 words
  • Article
    SHARE INFORMATION SERVICE
    2432 10 1*7* High Low Company Lut Sale 4erOr'i D*r Dhr Crr Gr'a Yld Net P/E Vol Day COOO) Htofc Low 8KCTION ONE INDUSTRIALS 272 238 178 219 27S 111 270 328 249 040 132 Acma 123* At com 112 Allied Choc 133 BAT 195* Bata 80*i Ben 182
    2,432 words
  • Article
    In Kuala Lumpur
    1492 10 BID and offer prices officially Hated and business In and reported to the Kuala Lumpur Btock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. iMoutmiALa Alcam (I.MS). AMI HaM (1.188). Sill (2 708) Ban <0 728
    1,492 words
  • Article
    Tan Chong queried over purchase
    202 10 TAN CHONG Motor Holdings Bhd has been asked by the Kuala Lumpur Stock Exchange to furnish additional information relating to its iwent purchase of property at Upper Aljunied Road for a consideration of M 57.7 million. The KLSE would like to know the name of
    202 words
  • Article, Illustration
    Liquidation sets in with forecast of US recession
    797 10 AS THE farecast tf m imminent rerewUa In ikt l aited Stales permeated the market, investars developed Jitters aad began liquidating same sf their baldings m the Staek Exchange d Singapare yesterday. Initial selling saw prices mavtag sharply tower acrass a wide
    797 words
  • Article
    Market sees scattered dealing
    449 10 SENTIMENT on the Kuala Lumpur Slock Exchange yesterday weakened in routine scattered dealing and prices closed easier. By the afternoon close, declines of more than five cents were common as sellers moved in after a barely steady opening. Demoralised investors were generally sidelined to wait for
    449 words
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  • COMPANY NEWS
    • Article, Illustration
      Berjuntai is out to negotiate mining terms
      798 11 THE disclosure by Berjuntai Tin Dredging Bhd. that its application for renewal of four mining leases had been rejected by the Selangor state government did not surprise industry observers. It was expected that these leases would subsequently beawarded to Kumpulan Perangsang Selangor (KPS),
      798 words
    • Article
      DIVIDENDS ANNOUNCED
      502 11 Current Kx Books Date Total for Total for P»> menl Dale Close Payable the year Previous year \u»t \nial 50".. Oct 10 0ct20 Nov 7 80% 80% ('ht-m IndiKk) 10"..<b> Oct 23 Oct 27 Nov 7 10% 10% A llilum Tin 150".. Oct 10 Oct 20 Nov 11
      502 words
    • Article
      SCRIP ISSUE
      188 11 (<>rapan> Particulars Kx Date Books Close I'uh. Rank Bonus Issue ol 1 lor 4 Nov 6 Nov 16 <iuinn»« Bonus Issue of 1 for 2 Oct 25 Nov 7 T. Crmrnl Bonus Issue of 1 for 5 Nov 8 Nov 17 <° Sugars Bonus Issue of I for
      188 words
    • Article, Illustration
      Faber Merlin forecast wide of the mark
      1132 11  -  By MANO SABNANI FABER Merlin Malaysia's (FMM) profit forecasts made in the past have all but come true. Yet this hotel and property group has once again stuck its neck out to peer into its crystal ball and see a pretax profit of
      1,132 words
    • Article
      UNIT TRUSTS, BANKS MEANT FOR ONE ANOTHER
      384 11  -  By TSANG SAU YIN IT IS NOT uncommon to (ind unit trusts managed by companies which are associates or subsidiaries of banks. By virtue of their business. banks are well suited to such a management office. They have extensive contacts in the investment
      384 words
    • LATEST RESULTS
      • Article
        CENTRAL Sugars Bhd:
        69 11 re- ported a group after tax profit of M 55.79 million ($5.47 million), for the year ended June 30. The company's refined sugar production came to 110.988 tonnes (105,799), sales at 110,495 tonnes (99,600). Final dividend at 10 per cent (same) gross payable Dec. 18 to shareholders
        69 words
      • Article
        Textile Malaysia Bhd:
        38 11 re- ported a consolidated net profit of $910,870 ($854,969). for the year ended June 30. First and final dividend at 15 per cent (12per cent) tax exempt, payable Dec. 22 to shareholders registered Nov. 30.
        38 words
      • Article
        Ayer Hitam Planting Syndicate Bhd:
        34 11 said its first and final dividend came to 15per cent (same) gross for the year ended March 31, payable Dec. 8 to shareholders registered on the same date. Reuter
        34 words
    • Article
      Johan
      33 11 JOHAN Tin Dredging Bhd, which recently resolved to purchase 200,000 shares of Msl each in NKM Finance Sdn. Bhd., has been asked to furnish additional information to the Kuala Lumpur Stock Exchange.
      33 words
    • Article, Illustration
      Drought hits Kemayan
      284 11 THE SEVERE drought experienced by the plantation sector throughout Malaysia in early 1976, with aftereffects still felt in 1977, has led Kemayan Oil Palm to declare a 16 per cent drop in consolidated pre-tax profit to M 33.34 million for the year ended May 31,1978. In his
      284 words
    • Article
      Supreme Timuran get rid of UBM stake
      500 11 SUPREME Corporation and Timuran Holdings have both made agreements to dispose of their respective interests in United Biscuit Manufacturing Sendirian (ÜBM) to a Swiss incorporated company, Nestle SA. Supreme's stake of 2.15 million shares of Msl each, which represented some 59 per cent
      500 words
    • Article
      COMPANY MEETINGS
      230 11 MALAYAN Banking Berhad: AGM to be held at 92, Jalan Bandar, Kuala Lumpur at 12 noon on Nov 14. Sime Darby Holdings Ltd: AGM to be held at the Regent Ballroom. The Regent Hotel. Kuala Lumpur at 12 noon on Nov 17. Tractors Malaysia Bhd: AGM to be
      230 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      240 11 im UNITED CHASE MERCHANT BANKERS LIMITED ANNOUNCEMENT The Directors of United Overseas Bank Limited ('UOB') are pleased to announce that UOB proposes to improve the terms of its offer ('the Offer') for the acquisition of all the issued ordinary shares in Singapore Finance Limited ('Singapore Finance'), including the 4,042,500 shares
      240 words
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  • Article
    Lock icon Tokyo refiners brace for crude supply cuts
    273 12 Reuter THE JAPANESE International Trade and Industry Ministry said the National Iran Oil Company notified Japanese refiners of a possible cut in direct-deal crude oil supply under a fbroe majeure clause following the walkout b* Iranian oil workers. Iran's direct-deal crude supply to
    Reuter  -  273 words
  • Article
    Lock icon Schlesinger warns of dangers in Iran cutback
    63 12 Reuter A PROLONGED cutback in Iranian oil production might throw the world petroleum market into confusion. US Energy Secretary James Schlesinger was quoted as saying in Tokyo yesterday. His concern over the cutbacks. caused by striking Iranian oil workers, was related by Japan's
    Reuter  -  63 words
  • Article, Illustration
    Lock icon OIL MARKET TIGHTENS
    808 12 SUDDEN UPWARD PRESSURE ON WORLD PRICES NYT UPI THE SURPLUS of petroleum that has dogged the world's oil companies for the past year and a half, holding prices down, has evaporated in the wake of the political turmoil in Iran. Exports from that country. a major West
    NYT; UPI; Source: AP photo  -  808 words
  • Article
    When trade curbs will make exit
    575 12  -  By SOH TIANG KENG PROTECTIONISM will taper off if Western industrialised nations resolve their current problems of high unemployment and inflation. This was predicted yesterday by Professor Stuart Mandell, a visiting expert on international marketing. Prof. Mandell, senior associate of the International Marketing Institute,
    575 words
  • Article
    Labour is the number one straitjacket on production
    464 12 LABOUR has been cited for the first time as the most important single factor affecting manufacturing production. This puts the shortage of labour, or lack of suitably qualified personnel, ahead of orders, as the single most inhibitive factor in the manufacturing sector,
    464 words
  • Article
    LONDON STOCKS
    725 12 LONDON, Mon.— Share prices firmed today on covering of oversold positions and buying a the lower levels, dealers said. At 3.p.m the Financial Times index was up 3.4 at 475.8. However, turnover remained low with sentiment affected by further rejectionof pay offers close to the government's 5 per
    725 words
  • Article
    Cold Storage must pay tax for premises in PSA
    260 12 COLO Storage (S) Pto Ltd will have to pay ike property tax mi the premises which It leases from tkf Port of Singapore Authority (PSA). Previously, oaly reat was charged. The Court of Appeal yesterday rated that the Mialster for Com
    260 words
  • Article
    Lock icon Tractors for China
    64 12 AP CHINA has signed a contract with Same to purchase Jtalian tractors for a value of USS6O-S7O million (SSI26-5147 million) next year, the Italian company reported. Sources close to 'the large Italian tractors manufacturer disclosed China will continue purchases of Italian tractors and agricultural machines for the
    AP  -  64 words
  • Article
    Lock icon US capital spending inadequate to ward off inflation
    572 12 Reuter UPI AMERICAN business, contrary to Carter administration forecasts, expects to inciease capital spending next year by only 10 per cent, greatly raising the possibility of a recession next year. McGraw-Hill Publications Co's annual autumn survey said business will spend U*****.43 billion
    Reuter; UPI  -  572 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      173 12 i "I thought stamp-collecting i was just for schoolboys. i Then I was told about a i 324% increase in the value j 1 of rare stamps- within 5 years. J That's certainly l not kids'stuff." Stanley Gibbons of London, with 120 years I of philatelic experience, can help you
      173 words
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      Page 12 Advertisements Column 2
      0 12 *"]^<"]&({=-:}%":'!]=?(-;})~;?,
      0 words
    • Advertisement
      Page 12 Advertisements Column 3
      200 12 !C#i\ 25 fx m 2E? ■)>* St 2-M* IB* SO Ardmore Park, in a splendid setting of greenery and tranquillity close to Orchard Road, is undoubtedly one of Singapore's most attractive and exclusive developments. The centrally airconditioned apartments are superbly planned for easy maintenance with plenty of built in cupboards.
      200 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Poland's fastest liner
        114 13 AFP POLAND is putting its biggest and fastest liner on a virgin voyage to Australia. It is the M/S Jozef Conrad Korzeniowski, built recently by the Czvzecin Shipyard in Poland. It has been fitted with a new Pielstick-type main engine Poland announced in Canberra last week that
        AFP  -  114 words
      • Article
        Lock icon Forming a conference
        101 13 AFP BANGLADESH and Pakistan have agreed to form a conference of shipping lines to ensure more regular and dependable shipping services for meeting trade and export needs of the two countries. Agreement was reached during the three-day visit of Pakistan Shipping Minister Mustafa Gokal who left Dacca
        AFP  -  101 words
      • Article
        Calling at Busan
        80 13 THE NEW container terminal in Busan, South Korea has been included as one of the ports of call for ships of the ACE group. It has two berths and four gantry cranes and is able to accomodate large container vessels. The Neptune Orient Lines' vessel, Neptune Coral,
        80 words
    • Article, Illustration
      Revolution cannot be contained
      501 13  -  By RAHIM KASSIM CONTAINERISATION, the advent of which has revolutionised the concept of moving seaborne cargo and ship designs, will dominate the shipping industry for many more years to come. A firm believer in the superiority of containerisation over other forms of transport is Mr. G.J.Wormmeester.
      501 words
    • Article
      Call to engineers and architects to join hands
      167 13 MARINE engineers and naval architects in Singapore were urged to establish an effective joint institution to further enhance the standard of the local marine industry. This call was made by Mr.Yap Neng Chew, director of Public Works and president of the Professional
      167 words
    • Article
      INDEX
      484 13 Shipping Page CM Aconas m 2 ACS n 5 Afea IV 2 Auila n 5 Alpac IV 5 ANL i 1 APL in 2 Anhsing n 5 Arya Nat n 5 ASCL ra 5 Angkutan ra 4 A us t Con t IV 5 Bank n 5 BBS n
      484 words
    • Article, Illustration
      THE CHALLENGE IN REPAIRING A RESEARCH SHIP
      132 13 THE SKILLS of Keppel Shipyard were pat to tost when a sophisticated research vessel, the USSS Wilkes, sailed into the yard (or docking and repairs recently. Unlike ordinary vessels, special docking plans which include the preparation of special tapered wooden blocks to snit
      132 words
    • Article
      Lock icon Letter of intent concludes harbour deal
      182 13 Reuter A LETTER of intent has been concluded for Dutch firms to build a USJI-billion (552.12 billion) deep sea harbour at Lien Yun Kang, about 700 km north of Shanghai, Economic Affairs Ministry State Secretary Karel Beyen said. China puts the cost of financing
      Reuter  -  182 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3751 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      3,751 words
    • Article
      WHO ACTS FOR WHOM
      890 17 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Unipacific. Alpac Line—lntrasea. Anhsing
      890 words
    • Article
      Container Schedules
      1322 18 IMPORT FCL CONTAINERS EX CONTAINER VESSELS AT CONTAINER TERMINAL DATEI6.11.78 Vessel's Voy Date/Time 0! Date/Time Mode Of Name No. Completion Of Store Rent Operations Discharge Due Mt.Blanc Maru 21/438 31.10.78 fe 0357 3.11.78 0700 vc Benavon 31/586 29.10.78 2324 2.11.78 fe 0700 VC Kowloon Bay 34/482 31.10.78 0240
      1,322 words
    • Article
      Lock icon Odessa, the black port of the Soviet Union
      1223 18 NYT ODESSA, this Black Sea port,is a major receiving point for wheat and other grains imported from the United States by the Soviet Union. The dock area of Odessa and two other new ports constructed in recent months one by Occidental Petroleum
      NYT  -  1,223 words
    • Article
      The consortia
      114 18 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ■■■■■■hh ACE (FAR EAST/EUROPE): Franco Belgian Services. 'K' Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Nedlloyd Lines Neptune Orient
      114 words
    • Article
      Lock icon Striking Filipinos in deep waters
      290 18 AP THIRTY FILIPINO seaman who went on strike aboard their ship off North Vancouver for higher pay have been tok) by their government that even if their strike is successful, they face disciplinary action when they return home. Telegrams from the National Seamen's Board of
      AP  -  290 words
    • Article
      SHIPS IN PORT
      431 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Arcturus (2100) 42/43 Bunga Butang (1700) 19 Frotasantos (after Meiko Maru) 46 Golden Wonder (0600) 23 King Dragon (0600) 26 Kota Benar (0700 after Kota Ria) 10 11 LCT Nego Loader (0900) 22 Meiko Maru (1400 after Tennessee) 46 Ocean Prima (after
      431 words
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      Page 13 Advertisements Column 1
      470 13 Barber Bue Sea DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pte Ltd Tel ***** Harrisons A Crosfield Kuala Lumpur Tel: Pernas-MISC Penang Tel ***** A RI) I\ I I All Orient Overseas Co*ticu*tesi Line FULLY CONTAVCRISED SERVICE TO EUROPE (VU SUEZ) S SEAS BUDGE IIW
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      Page 13 Advertisements Column 2
      287 13 ill SEALORD liliJ ANTAH UASC 11 All vessels ***** DWT, 105 TON H.L. Derrick B 288 TEU Capacity, Long Length Capability. '■ARABIAN GULF WEEKLY SERVICE* 1 1 1 Vessel S pore Loading for i BN BAiJAH u/11 Muscat (20/11). Dubai (22/11). A Dhabi (24/11). P Kelang Doha (25/11), Damm (28/11)
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      Page 13 Advertisements Column 3
      663 13 WEEKLY SERVICE TO/FROM U.S.A. AND JAPAN FASTER TRANSIT/NEW SHIPS CALL FOR OETAILS *****22 For US Pacific Gull S Ananhc sndtasi Canada (Ai .u accepting Ipr Hurn>or»q r Jw FULL* CONTAINERISED FAST DIRECT WEEKLY 1E3Z91 W«oft Cios*t Imn "CY 12 No. 0600 tos *CfS 11 Noy 1800 hrs FOW E Asia
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      Page 14 Advertisements Column 1
      899 14 Hapag-Uoyd FULLY CONTAHOWSED TO EUROPE S pare PKdaHg H>»| Btianen Oh ot (Mi bn|i Man Osaka Bar 28/12 11/12 15/12 12/11 14/11 S/12 7/12 18/ U 7/12 9/12 20/11 10/12 12/12 27/11 29/11 19/12 21/12 4/12 612 28 12 30/12 0/12 27/12 29/12 11/12 4/1 6/1 1/12 7/1 9/1 8/12
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      Page 14 Advertisements Column 2
      448 14 barber blue sea! US ATLANTIC US GULf I EAST CANADA Ok 14/15 DK 74/29 OK 17/11 OK 29/29 m Im 2 Ok 24/29 Im 5 Ok 27/29 lan C/t u/17 i hn 27/29 19/29 I Nw 30 Im 21 ft* i Im 31 FtfelO n F<«S Ft* 14 Ft* 19
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      Page 14 Advertisements Column 3
      559 14 i y FUU.Y CONFMOBED KUWAIT 1/12 24/12 B SHAHPUR 3/12 29/12 ALSO ACCEPTING CARGO FOR BAHRAIN AND ABU DHABI RW Kim /HipPinG v TPftoino pte. Ltd. Iti rl Telex KMSPEED RS ***** J Tel *****37 *****11 EVERGREEN LINE (EVERGREEN MARINE CORPORATION! FAR EAST/REO SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE
      559 words
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      Page 14 Advertisements Column 4
      959 14 Everett Line IW KTOtm (tut ,s Ibhbb Frvt Star ftippia| Cer*«. BURMESE NATIONAL LINE' LOMC FOR RMBOON K •TOM (fecfc) «/U I B F S S C Agents in Malaysia TEPS MALAYSIA Port Keiang TH (38) 7355 Penang TH *****/***** CtmpMia ArgMtma Da NavaaacwN ItarwKl—lal S. A. C.l.f. 1 "ARGENTINE
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      Page 14 Advertisements Column 5
      727 14 iai SANKYO LINE AUSTRALIA SERVICE THREE STARSI ABLOOM MAT CMP II PORT 11/11 NOV AKUEUrt) 12/13 NOV 11/11 NOV DIM. Fit 16/17 NOV 13/15 NOV SYD. MEL BANGLADESH SERVICI DIAMOM) STAR. GENERAI AGENTS CONTAMER BOOfcMG lOAO AGENTS P KEIANG PENANG 15/16 NOV 13/14 NOV CMTTAGONG. CHALNA OCt AW SHPHNG t
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      Page 15 Advertisements Column 1
      827 15 OCL Overseas Containers Limited CONTAHBHP BKICt 10 UK/COWMNT: H-bwi r«M It r Span PMaag 0 mart Brta A am* Nm I laubii In 12 Nn 14 Nn site 7Dk IDk (12 Ik) II MmEapeaa II llw 7he Ihe II Dec 12 kc 131 Im ißaii Hw 2INn II tec 120k
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      Page 15 Advertisements Column 2
      798 15 GRANARD LINE 31'.' I«"¥iT7j. I t ':'IJ"7T?I ivl 3 WEST BOUND-FAR EAST/MEDITERRANEAN MHjt, Penan, laadng to. 1W »MM 12 Mm 14 MM MxMi P S Dpimiti P Sari Alexandria Beaat I attaku Piraeus Tripoli Baafhaa/ Istaflbri Tanis DtOouli P Sue/ PSaid Ataandru/Beval Lattaku Piteaw Tripok Benghazi Ktanbd P Sari/ Aleiandria
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      Page 15 Advertisements Column 3
      787 15 BEN LINE CONTAINERS EXPRESS CONTMO SONICE TO/FROM EUROPE I h buk bhwn romi Htm soroN TOBBBH Spoi» P Mai* NGermany Aaistiia Antwerp Ffwcf MUK iNtMlit 12/11 14/11 V/U 7/U 1/17 (12/17) U Brtatn (iprtu 11/11 1/U 9/12 19/12 12/12 ij/ij RamMa Mm 29/11 11/12 12/12 11/12 (15/12) |/12 •mMK 27/11
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      Page 15 Advertisements Column 4
      602 15 Scan Dutch V *H 21 tfMZ i Va t M ran Sppre 1) IMr Nm 3) Hbnf 4) Ck«| vii a/n M/ii a/n a/n 2vu vu iv u it/u u/u 4/12 IJ/u a/ii a/u a/u ii/ii a/u a/u z/i vi T*" BtciicitiMfflniren EASTBOUND FROM MED/UK. 1) Cb*| 2) Hb«t| Dim
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      Page 15 Advertisements Column 5
      510 15 GUTHRIE BOUSTEAD SHIPmG AGENCIES THE BANK LINE LTD LOADS FOR t I S. AfWCA M|L Mk li ft i S pan 27 Mm/ IHx r P UM| 15/71 Net S p P Mm| Sp EXPRESS SERVICE DIRECT FROM SM6VORE TO NEW ORLEANS. MOMLE. HOUSTON. GALVESTON. ALSO ACCEPTMG CARGO FOR BANGKOK.
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      Page 16 Advertisements Column 1
      874 16 K line KAWASAKI KISEN KAISHA. LTD. ■Willi—BHMßaUi (VIA Stf2 br C«rtw«f Vma( TO EUROPE Spore P Ketang I Havre H buij Btemen R dam A»erp K MBS ll* 9NnIINn| 29 Nn 31 Nn lOk 2Ok 4Ok KTM CORAI 1M II Nn 19 Nn 7Ok 9Ok 10 Ok UOk 13 Ok
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      Page 16 Advertisements Column 2
      947 16 U.S.A. EAST CANADA SERVICE ACCEPTBK FCL/ICL CONTAMERS FROM PENANG P KELANG STOW im*« tar: mn ran. caobca. noreoln Penang P keiang Singapore MAOHVA NUDISM (NBA 20 SO) E C./GREAT LAKES SERVICE Laad* tar NORFOU. KM TOM. MONTREAL TORONTO. ASHTABULA. KltdT. CtOCAGO Penang P Hetang Singapore CALIFORNIA/PACIFIC NORTH WEST SERVICE Laadtag
      947 words
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      Page 16 Advertisements Column 3
      867 16 NEPTUNE ORIENT UNES LTD TO ElMOft (WA flIT) Swi P »«an« S toi Ha.-e Hbu't Brem It dan Aacrp "cS" f,Jt! J5 5? I" >(K 2hc 41k CPAUL 50k 70K OQK 1« DK 11 OK 130K anSmlfiT 1 fit 13 0K 15 0K 17 0K 110K 100K 210K SrUNPFAoT £5*
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      Page 16 Advertisements Column 4
      582 16 MALAYSIAN INTtKNATIOHAI SHIPPING COPPOPAHO* BfPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA IKSTMMP: FeoOer *P Retort v«*i HUNCISCI SaM totmi aim** u/ii KQMG fimcoca 19/11 «d *Accop4to| imp* off* tor Into i LAST BOUO Spore 1) M»«tt 21 (Warn 3) Hbor| 4) Gburg 1/11 21/11 2C/I! 21/11 M/U 11/11 11/11 5/12
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      Page 16 Advertisements Column 5
      774 16 t INTRASEA (PTE) LTD P .ib^'House 234E Orch.ud Road Siiga;,ore 9 Telephone *****6-" PI sm/fu.i corn mo service to euwte 5C T 1 KU9A N822 (Cak tf*) 10k ,ta^ Kb,f l 19 "»L», fL*T_ «to« Mlmi BovUfiw musu (fit) in 2»»u aoouK *****57 i*p» no 9MB t nunc -mm min
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      Page 17 Advertisements Column 1
      140 17 SHIPPING NOTICE -mum smvtme (Mi) in> 701 703. 7* FL. Bmfkot BM* in cad $kM<. i. T«k22*177 (3 l«*i) 22WR54 7 (2 l*n) *ssas eta no M V UMSONI 10N» 12 N* BAIftPAPAN. SAMARHOA UMNG PANOANG BANOJARMASM. BAIUPAPAN SAMAMNDA PROMPT SUPPING CORPORATION LTD REGULAR SERVICE TO SOUTH WEST AFRICAN TORTS
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      Page 17 Advertisements Column 2
      19 17 For information on advertisements in Shipping Times call Philip Lee (ext. 351) or Jonathan (ext. 323) at Tel. *****44.
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      Page 18 Advertisements Column 1
      65 18 ATLAS SHIPPING AGENCIES LTD., DACCA announce their independent service LOADING FOR: COLOMBO MADRAS CHITTAGONG KARACHI COMMENCING AS FOLLOWS: SINGAPORE PORT KELANG PEN ANG AL-SALMA VOY. 1 DEC. 18/17 18/18 19/19 (EX JALAVEERA) VOY. 2 FEB. 26/28 MAR. 1/2 3/4 VOY. 3 MAY 12/14 15/16 17/18 AT VERY COMPETITIVE RATES For
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