The Business Times, 10 November 1978

Microfilm: NL9922
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY. NOVEMBER li, lf» SO CENTS
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  • BRIEFLY...
    • Article
      Lock icon Dollar's antics
      68 1 AFP. WASHINGTON, Thurs.— The increase in the US trade deficit in the first half of this year was largely due to the depreciation of the dollar on money markets, the Commerce Department said here. The deficit was US$l5.7 billion (553.29 billion) as compared with $11.2 billion in the
      AFP.  -  68 words
    • Article
      Lock icon Road to recovery
      80 1 Reuter. SYDNEY, Thurs.— The chances of a more sustained world economic recovery are better now than they have been for some time despite the instability in exchange rate markets, Mr. Stephen Marris, economic adviser to the secretary general of the Organisation for Economic Cooperation and Development (OECD),
      Reuter.  -  80 words
    • Article
      Lock icon Japan loan
      75 1 AFP. MANILA, Thurs. The Philippines and Japan today signed a US$lBO millionl (Ss37B million) project and commodity loan package that was originally scheduled to be signed next year. The loan agreements under which Japan will finance 11 major development projects in the Philippines were signed at the presidential
      AFP.  -  75 words
    • Article
      Lock icon Opec can cope
      66 1 AP. VIENNA, Thurs.— Iran's reduced oil production, cut by a refinery strike, should not cause an oil shortage because other members of the Organisation of Petroleum Exporting Countries can increase output, Opec spokesman Hamid Zaheri said. He said even a complete cutoff of Iranian oil would not
      AP.  -  66 words
    • Article
      Intervention fails
      41 1 TOKYO, Thurs.— Heavy dollar selling continued here today and the US currency dropped nearly two yen despite heavy intervention by the Bank of Japan. The dollar closed at 186.675 yen, down from 188.40 yen yesterday and 189.125 on Tuesday.
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    • Article
      Lock icon Opportunities galore
      58 1 Reuter. KUALA LUMPUR, Thurs. Malaysian investors were today told by Deputy Prime Minister Datuk Seri Dr. Mahathir Mohamad to seize opportunities for joint ventures with foreign investors. On his return from a 14-day visit to Japan, he estimated that his latest trip could attract between Ms2o million and
      Reuter.  -  58 words
    • Article
      Lock icon Dow Jones
      65 1 AP. NEW YORK, Thurs.— The stock market was mixed this morning. Some buying had been encouraged by the successful stand of the Dow Jones average at the 800 level on Tuesday and yesterday. The Dow Jones average of 30 industrials slipped 0.09 to 807.52 in the first half
      AP.  -  65 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      122 1 Rises Most Active FAN Tan Chong Cold Storage NBT SBS Sigma Metal Dah Yung 520 288 239 187 162 140 no +5 +3 +2 +2 +2 +2 +2 S Darby 327,000 H Par 203,000 0 U Securities 139,000 U I Securities 136,000 Total Turnover :4.39m Total Value:
      122 words
    • Article, Illustration
      In Kuala Lumpur
      149 1 Falls Most Active H Par 240,000 SEA Corp 705 -95 S Darby 166,000 Minsec 456 -24 Pahang Cons 144,000 A Hitam Tin 1070 -20 Consplant 134,000 Rahman Hy 535 -15 Total Turnover: 2.09m N Iron 585 -15 Total Value: M$5.00m Tronoh C Sugars Pa hang Con Kempas
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  • Article
    Australia seeks trade statistics
    677 1  -  NEW ERA IN COOPERATION? By RONNIE LIM SINGAPORE Trade Department officials have begun what was described as "significant" discussions with a team from Australia's Department of Trade and Resources, laying the groundwork for greater trade cooperation between the two countries. Sources said the firstever meeting between
    677 words
  • Article
    Lock icon Bank of Japan to the defence
    253 1 AP. Reuter. THE BANK of Japan has jumped enthusiastically behind President Carter in his effort to defend the dollar, buying more than US$l billion (about 552.2 billion) in the last four trading days, according to foreign exchange dealers in Tokyo. Both Japanese and foreign
    AP.; Reuter.  -  253 words
  • Article
    Radical solution in Turquand's open letter
    892 1  -  By QUEK PECK LIM SIME Darby Holdings' incumbent auditor Turquand Youngs and Company has proposed a radical solution to the conglomerate's decision to change auditor. In a proposal attached to an open letter addressed to Si me chairman Tun Tan Siew Sin, it calls
    892 words
  • Article
    Massive increase in Bank of England's MLR
    252 1  -  By JOHN LIM THE BANK «f FnfHiH Mk| rate to lfcJ per eeat treat per eeat to m sttf pt to tower (to -EL.-SSw.-~. nU that the toereaee tea keea very mack expected. Bat while the aMrket to* aatleipated a like to the
    252 words
  • Article
    S'pore may escape US textile men's complaints
    479 1  -  By SIVA ARASU SINGAPORE looks set to escape the injurious accusations of the largest US textile and garments workers union. The US Treasury department has rejected the major part of the complaint of the Amalgamated Clothing and Textile Workers Union against most of
    479 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      7 1 COPIES ANYTHING. FITS ON A TABLE TOf
      7 words
    • Advertisement
      Page 1 Advertisements Column 2
      145 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
      145 words
    • Advertisement
      Page 1 Advertisements Column 3
      12 1 Leader...Page I fflgsa m*;r iiii'ivdAL SHIPPING TIMES Ike npiak miv« CSS •rpwf
      12 words
    • Advertisement
      Page 1 Advertisements Column 4
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      130 words
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  • TRADE AND INDUSTRY
    • Article
      US Exim keen on financing five Asean projects
      691 2 THE US Export-Import Bank is keen to finance the Bintulu LNG project as well the five Asean industrial projects. Mr John Moore Jr, the president and chairman of the bank, said US companies had the technological know-how and would bid for a
      691 words
    • Article
      Lock icon Intercontinental to build hotels in China
      220 2 AP. CHINA has signed a US$5OO- agreement (about SH.2 billion) with Intercontinental Hotel Corporation for building and operating hotels in China's major cities, the Hongkong-based newspaper Asian Wall Street Journal reported yesterday. The agreement was reached after week-long discussions in Peking between official* jt
      AP.  -  220 words
    • Article, Illustration
      Scandinavian firms gravitate to Asean
      219 2 THE lateiasltoaillji wWlalfd lag wttfc laterest it ail ttker —lb eaal Asftaa ewtilM for tniig, iivMtMr. CiMiiraaPMt Bilk Limited respectively. la a wMtmmt M at the laaagaratisa yeatoriay ef the jaiat repreeeatative ettlee ef the twa baaks tai fflagapwn, Mfc hukm liiwtti tkftt 81agapere aai
      219 words
    • Article
      Lock icon Small trade surplus in October for Australia
      426 2 Reuter. AUSTRALIA recorded a As3-million (557.5 millioo) seasonally -adjusted visible trade surplus last month after a $72~millk» deficit in September, the Statistics Bureau reported yesterday. This compares with a $51raillion surplus a year earlier. Adjusted exports were $1.13 billion against $935 millioo in
      Reuter.  -  426 words
    • Article
      Lock icon No EEC quota on Taiwan shoes?
      143 2 Reuter. A TAIWAN official Ki« said that the European Economic Community agrees in principle not to impose quotas on shoe imparts (ram Taiwan, the Central News Agency reported yesterday. Mr. Yu Li-foung, chairman of the Taiwan Shoemakers Association, was quoted by the agency as
      Reuter.  -  143 words
    • Article
      Lock icon Canadian banks seek to open branches in HK
      227 2 Reuter A DECISION by the Hongkong government to lift a 12-year moratorium on foreign banks has triggered off a move among Canadian banks to open branches in the colony. Since the law was changed early last summer, the Royal Bank of Canada,
      Reuter  -  227 words
    • Article
      Travenol Lab makes kidney dialysers here
      256 3 A US company, Travenol Laboratories, has started trial production of the first Singapore-made kidney dialysers, which are expected to be on the market soon. A subsidiary of Baxter Travenol Laboratories Inc., the company which is in Woodlands also produces medical adminstration sets and employs
      256 words
    • Article
      UTA on look-out for possible hotel venture
      255 3 UTH, the hotel associated •with the French airlines, "UTA, is eyeing Singapore and Indonesia in an attempt to include Asia in its hotel •chain. A UTA spokesman said that UTH already has 14 hotels in Africa and the South Pacific. He said that
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    • Article
      Trade book on sale
      67 3 THE SINGAPORE Trade Classification and Customs Duties 1979 is now on sale at 110 a copy at the Singapore National Printers, Customs House and the Import and Export Office at Fullerton Building). This new book contains major changes in commodity classification and statistical coding. Preferential rates
      67 words
    • Article, Illustration
      Delta House contract
      272 3 THE MAIN eeatraet fer Delta Hiiie, a sevea-fleer flatted faetery prejeet la Alexaadra Read, was rigMd yesterday hetwees Delta Properties, a member si the fiHme Darky groop, aad Sate Kegye, the mala ceatraeter. The sigaateries ts the $IJ milllM eeatraet were Mr. Richard Evaas aad Mr. Patrick
      272 words
    • Article
      Rains halt logging
      102 3 RAIN in the interior of Peninsular Malaysian has disrupted logging operations and caused a shortfall in supplies of some species of wood, according to Primary Industry Minister Paul Leoog. The government is taking steps to encourage imports of timber from East Malaysia to the peninsula and is
      102 words
    • Article
      Lock icon RAW DEAL FOR US EXIM BANK
      140 3 AFP. JAPANESE cotton spinners have decided to stop using US Export-Import Bank credit for raw cotton imports from the United States at the end of the year, according to the Japan Spinners Association. Japanese spinners will instead use loans from the Export-Import Bank of
      AFP.  -  140 words
    • Article
      MEMO PAD
      383 3 COURSES AND TALKS Oct 16-Dec 18 (every Monday): A detailed study of reinsurance and its role in the conduct of insurance business, srrc, sitc. Oct 25-Nov 17: Business law, SIM, SIM Nov 2-14: Personnel guidelines and policies, Holiday Inn, P.O.D. Nov 6-17: Export Marketing, Hotel Royal-Ramada, NPB. Nov
      383 words
    • Article
      Shocking expose of sub-contracting
      753 3  -  By TSANG SAU YIN ELECTRICAL contracting in Singapore is being carried out at depressed prices with very doubtful profit margin at preaent. This summation was presented to delegates attending the final day of the Enex-Asia "78 seminar by Mr. K. S. Lee, managing director of K.
      753 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      77 2 It's inexpensive. And it's simple. And it makes super sharp copies in many different sizes all the way up to A-3. Some people call it astonishing. We call it the Canon NP-70 plain paper copier. t v 4 j #K\ *5f SHOWROOM: Canon Centre, Ist Floor, Straits Trading Building, Battery
      77 words
    • Advertisement
      Page 2 Advertisements Column 2
      200 2 At the UNITH) STATES INTERNATIONAL MARKETING CENTER Open to the trade from 7-10 Nov.'7B. i2noon 6pm daily Malayan crecit House,96 somerset Rd. stxxe 9 m *****0 TfceteielCerp Hydro-generating units tiytinaufcc turbines. generators and accessories, Solar electric power systems Lnemen s A* Ctmbers and accessories Caterpflar 330<T generator set. 80 kw.
      200 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      606 2 I -IH-OIE CROSSWOKD CRYPTIC PUZZLE ACROSS 1 Constant urge In the kitchen (4) 4 Outwardly it's his Job to add lustre (6) 8 Place In disrepute (3) 10 Accident scar makers? (4) 13 Exhibited one-sidedly? (5,3) 14 Direction of a slowlsh movement (7) 15 It often comes between error and
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      248 4 THE Singapore rubber market yesterday closed lower with December One RSS buyers quoted at 260.50 cents per kilo, down 2.50 cents from Wednesday's close, dealers said. Morning prices were marked down 1.25 cents on lack of support and some stale bull liquidation, they said. The afternoon
      248 words
    • Article
      RAS PRICES
      336 4 Prices In cents per klio yesterday; Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f o b. 258.00 258.00N Int. 1 R.S.S. December *175 383J5. fait. 1 R.S.S. January 265.50 200.00 Int. 2 R.S.S. 254.00 Z&OON UK/Coat. 253.00 254.00N lat. 3 R.S.S. 251.00 252.OON UK/Coat 250.00 251.00N
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    • Article
      SSR and SMR
      83 4 NOON as MAB it ud SMR prtcca yeattrday: j !K? rtMtfc) CM Baj SSR X (l-tMpiDH) 243.00 ss3i 2C.50 ST|«ir"kt) 247 50N (1-ton pallet) 341.00 243.00N 243.50 345.50N MRELB SMR3CV (Moa pallet) 272.80 274.00N 273.50 275.50N SMR5L (1-toa pallet) 267.50 269.50N 269.00 271.OON SMR 5 (1-toa pallet)
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    • Article
      Closing prices
      30 4 Robber: Nov 9 Singapore: December: 360.50 centa (down 2.60 cents) Malaysia December: 281.50 cents (down 2.75 conts) Tin: M 62.030 (-66) Official offering: 186 tonnes (down 48 tonnes)
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    • Article
      Rice
      203 4 PRICES of all grades of white rice in Bangkok yesterday fell by US$5 per tonne while prices of parboiled and broken rice remained unchanged, traders said. (In US dollars per tonne F. 0.8. basis Bangkok) WMto rtee: 100 pet Ist class 350. 100 pet 2nd class US, 100 pet
      203 words
    • Article
      Coffee
      97 4 ROBUST A futures in London yesterday ended the opening call £8 to £15 per tonne down from Wednesday in sales of 209 lots. The tone was barely steady. Dealers said the lowaNew York dose combined with early commission house and dealer selling contributed to the easier tendency with trade
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    • Article
      Produce exchange
      334 4 WHITE pepper prices firmed on fresh buying interest in a generally quiet Singapore produce market yesterday. Some short-covering added to the firmness, particularly of nearby whites. The recent safe of 300 tonnes to Tunisia was said to have depleted local stocks seriously enough as to cause a temporary
      334 words
    • Article
      Hongkong Comex
      334 4 IN Hongkong yesterday, sugar futures cloned easier with net losses of about US 0.60 cents in quiet trading, dealers said. The fall was due to lower New York advices, where heavy trade selling pushed March below the nine cents level, they said. Turnover was U lots against five
      334 words
    • Article
      Straits tin
      141 4 THE Straits tin price In Penang yesterday eased another MI6 per pictd to 92,(00, still $330 above the International Tin Agreement ceiling, dealers said. Although there was some active US and local demand and a reduced tin offering, the market weakened further, mainly following London's continued* downslide. Total
      141 words
    • Article
      Zinc
      72 4 AT the end of the morning in London yesterday, ring cash was ££.50 lower and three months £7 per tonne down. Prices were marked lower in the pre-market influence by the tone of copper and lead but later generally held steady in quiet ring dealings with little feature of
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    • Article
      Duty rates
      87 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Nov 9 until further notice: Rather: 258'» cents a kilo; Cepra: M 51,095.42 a tonne; P*ta kernel: 1985.75 a tonne White pepper: K870.78 a tonne* ■nek pepper: *3.210.21 a tonne; Bnhfeer: C4V« cents a kilo
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    • Article
      Palm oil
      66 4 CXF. North European porta, la DS dollar* par too oniM otherwise stated. LONDON: Malaysian 5%ffa bulk par tor Wednesday Previous in* January unch Mtfr Sumatra 5% f fa bulk November Ui/Opdi tWUKMod December 822b0alr «30/017j0pd saoalr January 617J0alr February March/April Nigeria 5H ffa bulk stg BOrmOAJM: unch unch
      66 words
    • Article
      Lead
      69 4 LEAD ended the morning ring lower by £19 per tonne for cuh and £16.50 for three months in London yesterday. Pre-market values fall sharply, an early brief rally having only served to attract further heavy loag liquidation and stoploas orders. Three months after trading upto £405 per tonne in
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    • Article
      Sugar
      146 4 RAW sugar futures opened with on balance losses of £2.90 to 12J5 per tonne in London yesterday, although generally above Wednesday nights depressed kerb levels. Dealers attributed the support at the lower rvw io mixea soon-cover-said Wednesday night's enstaens against New York was possibly influ«ced by a rotnmlsdon while
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    • Article
      Soybean
      57 4 SOYBEAN futures shot sharply lower on heavy late selling In Chicago on Wednesday, to dose down US to 6-1/2 cents a bushel. Soybean product fu tares posted steep losses at the close after late bout of heavy liquidation. Soybean oil ended down •J6 to 0.40 cent a fi> while
      57 words
    • Article
      Wheat
      51 4 WHEAT futures stood mostly lower at mkhrniia in Chicago on Wednesday, after tradiag nrrvonily through the morning. Prices lost as much as US 2-1/2 cents a bushel. Only the May contract was fractionally higher. Wheat futures closed 1-4/4 to 3-1/2 cents a bivhei lower, spurred partly by a hi
      51 words
    • Article
      Gold
      410 4 THE KILOBAR 1b Singapore yesterday opened at 5115,288, aad rkiwj at The high and low were $15,H5 aad $ISJOI respectively. The market was fairly active. Spot gold for London delivery opened at USSZU.OO/2U.OQ aad closed slightly higher at USB2IBJO/ $219.30. The high was U*****.90/219.40 while the low touched J217.20.80
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    • Article
      Aluminium
      55 4 AT the end of the morning ring in London yesterday, three months was down £3 at £609.50 per tonne. This market was ratAr overshadowed by the active copper and lead markets and prices although being marked lower generally displayed a steady undertone in comparison to the other metals. Ring
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        420 4 THE US dollar fluctuated widely against the world's major currencies on the foreign exchange market yesterday. Against the Japanese yen the dollar opened at IMJO/ 40 but finned to 186.80/90 at around Tokyo's close. Before London opened, however, the dollar was traded down to a low 185.7080. Bat
        420 words
      • Article
        Asian $ rates
        176 4 Asian rates ASIAN currency deposit Interbank rates as at close on Nov 9: UHMMbtl) rSfrMm 10 V16 10 1/16 1 month 10H Mv* 2 month* lis 11 w lmonthi 11 ft/16 1111/16 months tt't 13 0 months 12 H IS month* 11IV1611 li/16 •via Dm 1 month 3 month* 6
        176 words
      • Article
        Zurich
        37 4 ZURICH esrhanges closing quotes on Nov I: US I.HIMM s»« imm CHijnun DmkasM-an Dfl 19J573-TM4 FTr 37 SCM&U BtrSJMMIO Okr tisi-an NkrSJBOMM SfcrPMMIMI IM ritM-IM Am arft U.MMS74 Panun-MB Spate 2 X7l-SB An IT-IT W Ysuasn
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      • Article
        Discount
        43 4 Kiui of sncM ofTer*d t ItHM M N( (T It Ovoraight 3 to S* Call <ipiite Chwfcg 3 month TrtMury bUla 3* 3*. 3 month Bank bill* •V. 3 month CD 73/10 7 1/16 month CD 7H Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE nvarnge rnte nt which Singapore basks are currently prepared to lend to their best customers is 7A per cent.
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      • Article
        Australia/NZ
        51 4 AUSTRALIA NZ exchanges quotes yesterdsy: US dollar 1 I*l ***** SHrUnc 0 3570 ISS Nlarty-day air mail baytac rates: Steriiag O HM US dollars l.tW Niarty-day forward buying rates: Sterling ISS US dollars 1 19M NEW ZEALAND: SlrrtiaK «5371 US dollar IMS IJM Niaety-dsy airmail bay** SMrSagtJSB US dsttsr
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      • Article
        New York
        219 4 THE dollar closed narrowly mixed in fairly quiet trading in New York on Wednesday, although still well below Monday's closing levels, dealers said. They said the unit firmed slightly in the morning, primarily on intervention by central banks, most likely also including New York Federal Reserve Bank, before
        219 words
      • Article
        Hongkong
        33 4 BANKNOTE rates yesterday: US 4.74/4.75 UK Boras 1-20/150 India 4JO/5.10 M—li 110 115 Japan 2.545 2555 Korea 6 J6/6.S Philippines OJC/0.60 StngspiT 2.U8/2JB MaJajrsta 2.12/21.4 Brunei 2.12/2.15 Thailand 2U6/2120 Taiwan 1270 IXIO
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      • Article
        London
        266 4 'THE dollar moved swiftly upwards in London yesterday, from opening lows following the assertion of West German readiness to support US dollar stabilisation by Bundesbank vice president Karl Otto Poehl, with trading nervous and becoming extremely active, dealers said. The dollar gained to 1.8655/65 marks after opening at 1.8615/25,
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      • Article
        Tokyo
        216 4 THE US dollar for overnight delivery closed si 186.70 yen in Tokyo yesterdsy, unchanged from the opening but Aupiy down (ram the 188.40 st Wednesday'* close, sfter slipping briefly to a low of 186.00, is early trading, dealers Mid. The Bask of Japan bought at least US$lOO million, mostly
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      • Article
        Frankfurt
        35 4 FRANKFURT closing quotes on Nov 8: USIJ7® IJM CuLSS m stgamm DTI R« K str IM.M 8 UUR 247 FTr 4J.7J SI □kr 1112 8 Nkr IT.fi 71 HTMIURS Btr HatJM M 4 YMISMS
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    • Article
      Copper
      233 4 COPPER wtrebars finished the morning down £11.55 for cash and £10 for three months. The early pre-market was marked down in sympathy with the overnight declines at New York but the lower levels found moderately good covering support against fairly widespread physical demand, 'dealers said. Three months traded upto
      233 words
    • Article
      Silver
      108 4 SILVER wu down 4.2 to 3.7 pence per troy ounce in London yesterday. The Call in gold and the minimum lending rate increase inhibited fresh trading interest in the morning and after an initial lower pre-market, values sagged further in the ring. The contango widened to 7.9 pence tram
      108 words
    • Article
      Cocoa
      114 4 TERMINAL cocoa in London yesterday, steadied against New York in early dealing! to around Wednesday's contract peaks, closing the first caH with on balance gains of £5 to £14 per tonne. Support was largely derived from chart and outsider buying phis routine price fixing against outstanding contracts. Dealers said
      114 words
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  • OVERSEAS
    • Article
      Lock icon Prime rates in Canada may hit 12pc
      307 5 Reuter CANADIAN chartered bank prime- rates could go up to 12 per cent in the near future. Disclosing this. Mr William McDonald, chairman of the Canadian Commercial and Industrial Bank, said the high interest rates are the result of weakness of the Canadian
      Reuter  -  307 words
    • Article
      Lock icon TREASURY BILL YIELDS RISE
      194 5 Reuter THE US Treasury has announced that the yield of its monthly sale of one-year treasury bills rose to an average 9.313 per cent from 8.272 per cent at the previous auction and was the highest since the 9.564 per •tent recorded in August, 1974. The
      Reuter  -  194 words
    • Article
      Lock icon CARTELS WONT FACE SANCTIONS YET
      178 5 AFP. THE EUROPEAN Commission will not take immediate sanctions against cartels among European companies although they are contrary to the rules of the Treaty of Rome. But two European commissioners Mr. Raymond Vouel, in charge of competitiveness, and Mr. Etienne Davignon (industrial problems) have been
      AFP.  -  178 words
    • Article
      Pay round accord soon
      51 5 AGREEMENT between the British government and the trades unions on the format of the next pay round could be reached next week, wellinformed trades union sources said in London on Wednesday. They noted that good progress had been made in the latest of a series of
      51 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      736 5 ARRIVALS Service Local Operator Number Time From MAS MH60I 0700 KUL MAS MH682 0725 KCH SLA SQ101 0815 KUL MAS MH621 0640 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1006 HLP RBA BQ23 1030 BWN CIA GAM 1030 HLP SIA SQ103 1045 KUL
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    • Article
      Lock icon UK oil bonanza may fizzle out sooner
      613 5 Reuter OIL COMPANIES operating in the British offshore fields are preparing to warn the British government that the North Sea oil "bonanza" could end sooner than expected, the British Broadcasting Corporation reported. It said the major oil companies involved had together drawn up
      Reuter  -  613 words
    • Article
      Lock icon Dumping penalties for Sears Roebuck
      72 5 Reefer. BEABB Bwliek «ai Cempaay kM keca eettfled hy Ike U8 Treaaary Departmeat that It will have te pay damplag tariff peaalttea ef UB$M milHea (aheat Bsl2 milUea) ea lipm televMea seta, aeeerdlag te Us vice preaideat, Mr. Jack KlaeaaThe aeta were Imparted frem lfTl
      Reefer.  -  72 words
    • WORLD IN BRIEF
      • Article
        Lock icon SQUANDERED MILLONS
        514 5 Agencies MILLIONS of dollars in funds advanced by the US Small nustnem Administration to businesses owned by members of minority groups in New York and other cities have been squandered, siphoned off and lost through the agency's mismanagement in the last three years, according to a secret investigation
        Agencies  -  514 words
  • Page 5 Advertisements
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  • Article
    Trade hopes haven't gone down under
    380 6 ONE SHOULD not enthuse over the initiation of discussions between Singapore and Australian trade officials. Relations between Australia and all the Asean governments have in recent years gone rapidly from bad to worse. Not only trade has suffered, even the political climate has been
    380 words
  • Article
    Fair hearing will vindicate Singapore
    220 6 NO ONE can dispute the good sense of the US Treasury Department in its fair and considered judgement of allegations by US textile unions that Third World countries are subsidising their textile manufacturers. Very few countries can withstand the wrath of their workers without quailing
    220 words
  • Article, Illustration
    WHO TRADES IN GOLD
    1577 6 INDIVIDUALS and companies who trade in the gold futures market may be divided into two broad groups the hedgers and speculators. A hedger is someone involved in the production, processing, handling, or marketing of gold. These include miners, smelters, gold depositories, gold fabricators (goldsmiths), and industrial
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  • Article, Illustration
    The Exchange
    155 6 118 B tee Mte Bw ef tee GeM tnm lareeUt pateiMeijpertelly te mte ■nte m feM prtee MeMte eHM fcwm te— pfrteal peMteteea. rtaarjmgbZJfmmi CSmrJoami week ftee' t eM (1U Beji' te! ■rift teßiwlee wU te ter tteee Ue tefe («Mek le M.4A4 eaaeee). If, the tab*4 Ike
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  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      129 6 r v- A Hotel ROyaiRAMADA Newton Road, Singapore 11. Republic of Singapore Telephone: *****1, Tetex: RS-***** Capias HOTELROYAL Come and get it! Urfwtw Barbccue Or jpfl* l t4*iicptifif( .1 <«f* kr. M*> 'f I"!'."! 1 |»J|' Indonesian set lunch daily for lovers of spicy food and our speciality IKAN MAS.
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 j WEATiHER j =5 OUTLOOK for Singapore from 6 a.m. to noon today: Fair. Report for 24 haws pri«r to U pan. Nev •t the airptrt: Maximum temperature 29.6 C Associated humidity 77 Minimum temperature 24.0 C Associated humidity 96 Hours of sunshine 0.50 Rainfall in millimetres 6.9 Total rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      207 6 Si SINGAPORE S PM Opening announcements followed by Housewives' Matinee Truth Prevails (Repeat) Intermission Opening announcements followed by December Bride Golf Lesson News in Brief* The World Of Sport Golf* Persembahan Ku (Malay—Repeat)* News and Newsreel in Malay* Sports Parade* Magazine Zero One* The Undersea World Of Jacques Cousteau Return
      207 words
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  • Article
    THOSE GLITTERING FUTURES
    265 7 PEOPLE an ittneM t^getoj^rflfler^ la (hen will mm he twa wmji "torn*, yea mm hay phyrieal pM hy Ml «r put mml tar (to ■■—t kuM. hi tm weete, m New B, yn will aln ha aUe tejhaay geld beat a Mans ■achat to he eet ap
    265 words
  • Article, Illustration
    The gloomier the times, the brighter the shine
    1615 7 THE CLIMB WONT BE SUSTAINED BEYOND TWO YEARS AND WILL DECLINE AGAIN IN THE NEXT DECADE JUST AS all yellowish metal that glitters is not necessarily gold, market prices (or hniiwi do not always reflect supply-demand factors. There are powerful economic, psychological
    1,615 words
  • Article
    STRAWS IN THE WIND
    364 7 TAX EXPERTS in Belgium and Holland are confounded by one wily individual who has managed to exploit the opposed laws of the two countries to his benefit. Mr. Leon Days sells potato He tries them in Belgium, then drives his horsedrawn canteen over the border into
    364 words
  • Article
    Devaluation forces at work in Indonesia
    944 7  -  FORUM ...on the RupUh •y JOHN DNYSDALE THE PROSPECT of a devaluation of the rupiah, which to pegged to the US dollar, has become a nwennlal rumour, If aot a Joke, lor so many years In Jakarta that, like crying "wolf" too often, no
    944 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      263 7 X S3 Sv v s 9 7-:-n- .«*i <;* New Japanese Restaurant KIKU^p serving authentic Japanese food 2L45f% Irpfun \ikki It'llijhn*i skishimi *Suki\tiki *shabu skibi KIKU ORCHID INN Tf-i 5 1 214 Dunearr Roatf S' JAPANESE RESTAURANT rr yi The perfect place for a business lunch or dinner date... If
      263 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      37 7 BriStdW":FraiakXtid<Ens V&o TUt BLOHDIKI BPOTHGjRS (SCAFFOLD IHG t GGMTOn/") 9 >/ f\R£ 6u>LOKG P*N e»OfeMS»ON TD the. mv/ies RvjDGe Building UXSK!OHt OF \S oJfMXffJG R G»6Dt£ oi W»S HPWDS. 73TJ 57! •r ip i n i: !W lit
      37 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Heavy trading in capital stocks
      537 8 gVKYO THE NIKKEI Dow-Jones average yesterday closed with a slight loss, due to profit-taking by blue chips. Nonmargln and lncentlvebaefctd Issues, however, were selectively bought. Turnover was aMitiy heavy with an settabated JOO million shares changing hands since lane capital stacks such as steel and
      537 words
    • Article
      Lock icon Hongkong
      263 8 Source: SHK Sec Ltd AirSR a slow start tIM market yetterday picked up further downward momentum despite the occasional buying order. After lunch, a rumour of further prime rate increases pushed the leaders sharply lower. This time the buyers came in force and took blue chips two spreads higher.
      Source: SHK Sec Ltd  -  263 words
    • Article
      Sydney
      255 8 TfIMMNO In shares of the Cty-floated Ashton Mining market activity yesterday as leading miners and Industrials fell. NOV M Cents I INDUSTRIALS A. C. I A. N I 1M ICS •a A. P. M Ampol Pet B H. P Bank NSW 114 76 800 040 345 unch unch -IS
      255 words
    • Article
      Manila
      121 8 THE MARKET yesterday closed quietly lover with ells barely steady. Turnover was 10.4 million pesos compared with Wednesday's 7.9 million NOV Pesos Acojc Mining OOM -0 <x» AUas Con. A AUm Con. B. 18.10 ♦0.01 Bafuto Oold .01 -0.001 BencuetCon. B aroo -I BF Ooodrtch 23.00 -I CDCP 26
      121 words
    • Article
      Bangkok
      177 8 No* OS BUt Bangkok Bank Bank of M -0 AyudhayaUd m -1 poUtaoBank TMIOHMMWIal l.oa *94 Industrial Pinanea Corp i,«i» Banfkok Investment First Trust 344 tot •11 -11 General Finance 490 -1 Lee K wane Mln« Trust 287 •11 Raja Finance i .no -10 siam Credit 234 ♦1 In»
      177 words
    • Article
      Greenvale project
      283 8 THE West German, US, and local lender* S3* Green vale nickel/ coUFproJect in north QueensflßW Jwve agreed to the IKM 'restructuring of the AflßCt's debt repayments, KB Exploration Ltd anwtaeed in Meltmiii The announcement followed the return of Queensland treasurer Bill Knox tram Tokyo where the Japanese tender*
      283 words
    • Article
      Share prices move higher
      1140 8 NEW YORK A late rally offset earlier weakness and stocks moved higher in moderate trading on Wednesday. Analysts termed the action technical. In part reflecting the oversold condition of the market and an easing of margin selling. But they said worries about fundamental problems such as
      1,140 words
    • Article
      Toronto
      388 8 THE market closed higher on Wednesday as a late rally in New York lifted prices In the final hour of active trading. Volume totalled 3,202,17? shares against 3,011,9 M shares at the close on Tuesday. The composite index was up more than two points with sharp advances in the
      388 words
    • Article
      Selected Indices
      2 8
      2 words
    • Article
      Bourses close generally lower
      537 8 EUROPEAN MARKETS EUROPEAN bourses closed generally weaker on Wednesin ZURICH, prices edged lower In reaction to Tuesday's sharp advance, after expectations of a possible lifting of ban on sales of Swiss securities to non-residents did not materialise, dealers said. Bwlssalr was depressed, while banks and flnanclals
      537 words
    • Article
      Frankfurt
      192 8 NOV 00 Dm Aef-Telefunken Akao Alls Leben Alls Vera BASF BayHTWbank Bay Vbank Bayer BBC BMW Cuaella Chem Verm Gommersbank Contl Oumml Daimler-Bena Detuaa Dpmaf Deutsche Bank Dreadner Bank Dl Texaco Dyckerhoff8TA EnkaOlanss Oelaenbert OHH Hapa«-Lioyd Harpener Hoectut Hoeach Horten Kail Salt Karstadt Kaufhof KHD Kloecknerwerke Unde Loewenbrau Lufthansa
      192 words
    • Article
      Paris
      219 8 NOV M Air-Liquid* r» ILLS +1.1 BSNOervaU Dunm -4 C S F (ThomsonC»f) J7» ♦1 CVFtanc&u* det PfirolM m -1 Cofnp*fnK rmtnom Compagnle Oenerale Credit Ponder DeFrance Harhette (Libralrte) 3M 414.90 240 unch +0.0 -2.1 Machines Bull Michelln <B) Parlbas Pechlney Clflne Kuhlmann Peugeot' Prniipe<NvOem BeHt) PrtntempeSA Rhone-PoutenceSA Royal
      219 words
    • Article
      Amsterdam
      199 8 NOV 66 Fte ABN Ms.se -i AhoM 1M 00 -1 Akio 27 30 -0 9 AMEV M M -O S Amlat 107 SO -1.3 Amrot Bank 7S 40 -0.8 Bfrjott M 00 -1 Berk M00BBoU M M -0 6 Borsumi) 1S1.M -I Burhmann 71 SO -0 .1 Byenkorf 92.M
      199 words
    • Article
      Zurich
      164 8 nov m Plana*/AluratMcBr 1030 -4S AlutuMy 4H -10 Brown Bowiri Br 1000 -10 ClbaCMcrBr MO -40 ClbaOctcjrPC TOO go»Q«>«y Ktf. 001 -7 Crcttl SuJaM Br 1179 -10 Credit Sulsae Ret Qektrowatt Br Oeorte Fischer Br Globus Pc HaroBr Hoffman-La Roche 1/16 Holderbank Bf Interfood Br JeimoU Br Motor-Columbus Nettie
      164 words
    • Article
      CHICAGO BOARD OPTIONS
      1714 8 November 8 CHICAGO Board Options Exchange volume eased to 125,581 contracts from 140,105 on Tuesday. OPTION J>K APL JLY STOCK A let* Alcoa Alcoa Alcoa Ain Exp Am Exp Am Exp Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank
      1,714 words
    • Article
      Brussels
      91 8 NOV M m FOKWASD 1 lAur r Acec 433 •19 Art>«l 2206 -30 Aitur 718 ♦I Braacan 454 -1 Bru-Laaib 1510 unci Canpac 576 -4 Cock 433 DrBeen 193 1 «*> 2340 15 Hectrobel 7000 ♦•0 Ob-Inno-Bm 2470 30 1330 -4 Hobok 2710 25 Petro 3325 -15 Ryl Dutch
      91 words
    • Article
      Milan
      63 8 NOV Lire Ante -1 -MO Amoc Qen Bastofi •n Ontrmle ♦10 n*t -4 FlnUOer -0 75 Q«fi lmmotj ♦1.75 ITlPri 12 IUJcementl •400 It&lfU IUJiMer -06 ♦4 MafnetlMPt Marvlll -t -IN UtreltnB -10 MorKUdorl Montwlm MotUBlo CMmOrd OtivtPn -10 Pwrrel S42J0 1.9 Pirelli EC -SO Pirelli Spr 9*2 -1
      63 words
    • Article
      Jo'burg
      318 8 OOLD share* were firmer on balance on Wednesday but there was some easinc towards the close as interest waned, dealers said. Gains ranged to 175 cents. Mini Financials were generally softer, led by Johnnies, 125 cents off at 2,800. De Beers lost tight cents to 762 and Anamlnt shed
      318 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      112 8 is v Jf- <> 153* .'tV j -s*r sr* bo&m i~. <J»* 1_ M Hal ,i>i StS. HR. *S< iNt #Nm*sdhim km »**ar hem* v sr fca. 4 w«r** XV •>:•■■• **T h CANADA I "QUEEN ELIZABETH TOWERS" 200 Luxury Condominiums in the ctntre of Ottawa, capital of Canada. GUARANTEED
      112 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      IBM short-term earnings hit by production costs
      539 9 N. AMERICAN INTERNATIONAL Business Machines Corp's earnings over the short term are bring affected by substantial production build-up costs' and worldwide inflation, chairman Frank Cary told analysts. Mr Cary also said outright purchases of data processing equipment continue high but as expected, the
      539 words
    • Article
      Telmex not buying from ITT
      139 9 THE state-owned Mexican Telephone Company (Telmex) said it would cease buying equipment from International Telephone and Telegraph (ITT) until the US company cleared up allegations that it had bribed government officials in Mexico City. The Telmex statement sent to the local subsidiary of ITT followed
      139 words
    • Article
      Lock icon Hoover profits cut by half
      371 9 [EUROPEAN] Reuter PRE-TAX profit at Hoover was more than halved to £4.15 million in the first nine months ended Sept 30, 1978 compared with £8.62 million last time. Sales were £149.58 million against £141.11 million previously. Earnings per share came to lip (20p). The company
      Reuter  -  371 words
    • Article
      Lock icon CHRYSLER
      52 9 Reuter THE Chrysler Corporation, citing the appreciation of the Japanese yen, raised average sticker prices by US$3O9, or 4.4 per cent, on Dodge Colt, Challenger and Plymouth Arrow and Champ cars. The new prices, which also apply to one Dodge and one Plymouth truck model, become immediately effective, Chrysler
      Reuter  -  52 words
    • Article
      Sears plans to sell part of accounts to third party
      162 9 nw IB Ant ttee, Bean ImM and Ce. has aaii nemhnkkt to third party. ■Mk aad 1M Ce, Sean wiu Mflu Mitel mm Ne». |l 4 J gig the store «i nwh» aa Uttjw Mid the aapaM TfcJ toittoi KM
      162 words
    • Article
      Lock icon Asarco cuts output
      80 9 Reuter ASARCO Inc said it is suspending operations at its Tacoma copper refinery from Jan 1. It said production at the 145,000-tonnes per year refinery had been at reduced levels since early 1976 ana was curtailed further last June. Asarco's copper smelter and its by-product production facilities
      Reuter  -  80 words
    • Article
      Lock icon FOOD SALES UP AT CARTIERS
      424 9 FT FOLLOWING its July offer for sale. Cu-tiers Superfoods reported taxable profits ahead from £497,578 to £698,758 for the 32 weeks to Sept 9, 1978, on higher sales of £16.34 million against £11.2 million. The directors say that although the inflation rate in food prices
      FT  -  424 words
    • Article
      Lock icon DAF Trucks rethinks its role in world market
      1270 9 FT HOLLAND may not rank as a major vehicle maker but it does have a surprisingly varied range of companies producing and assembling cars and trucks. The performances of the two branches of the former van Doorne family concern, DAF Trucks and
      FT  -  1,270 words
    • Article
      Lock icon Asfalt to build Saudi complex
      119 9 AFP THE Swedish firm Nya Asfalt AB is to build a sports complex for Saudi Arabia at Abhs in the south west of the country, it was learned in Stockholm. The contract is worth about. U5567.5 mlUiou, about one third of which will be spent
      AFP  -  119 words
    • Article
      Alitalia pilot exodus
      93 9 ITALY'S national airline, Alitalia, has been forced to hire other airlines' crews because of a sudden exodus of pilots In search of higher Pf> Alitalia has lost more than 80 senior pilots this year, twice the normal wastage. A spokesman said 35 )umbo-jet captains had left after
      93 words
    • Article
      Lock icon Sperry Rand reacts In India
      166 9 Reuter SPERRY Rand Corp of New York oftared Its entire shareholding of (05,800 shares in Its Indian subsidiary, Remington Rand of India Ltd, at 7JO rupees a share to the Indian public The Issue, opened oa Monday, Is the company's response to India's Foreign Exchange
      Reuter  -  166 words
    • Article
      Lock icon Hitachi Spanish pact
      169 9 Reuter HITACHI Ltd is near to concluding a technical assistance agreement with Spain's Cahue Industrial SA. manufacturer of Vanguard brand electric home appliances, a Hitachi spokesman said. He said negotiations followed a proposal by Cahue Industrial last year to buy technology for the production of colour television
      Reuter  -  169 words
    • Article
      KHI sees sharp decrease in first hall
      526 9 ASIAN CURRENT PROFITS at Kawasaki Heavy Indusiilea declined sharply during the first half of the fiscal year ending Sept 31, because of the yen's appreciation against the dollar. An interim income statement published by the lending maker of heavy machinery and ships said
      526 words
    • Article
      Mitsubishi to put off merger
      248 9 THE planned consolidation of two major fertiliser makers affiliated with the Mitsubishi group will probably be delayed, industry sources said. Nippon Kasei Chemical and Kashima Ammonia have tailed to work out arrangements for the merger on April 1 as announced earlier, the sources said. Local
      248 words
    • Article
      Lock icon Marubeni sets ups French venture
      130 9 AFP A SUBSIDIARY of JtMß't Marubeni Corporation#. the Tekmatex-France Comoro, has set up for business in the tfxtflt we of Cbejlei Luzais, south-east Franea it KIM J! WBS J6BTD6Q. v.*>!B a* The aims of the vnMare are not only to sales, but to offer ftfcach
      AFP  -  130 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      162 9 Efficiency Plus Office furniture says a lot about the —I Look effiaency of the business it belongs to, I turnil its management and its people. I You'l Dwthelm office furniture transforms the b dul offices. With impressive coordinated W start managerial suites and executive V our r desto and chairs.
      162 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1049 10 BIXMN eftar pneee officially Meted tnd tmjtnxs In and reported to the Stock Exchange of tlnaport y eaterdajrvith the number of tfiaree traded ahown in brackets In lot* of 1.699 unIU unlaw otnenrtae specified Alt iW Settlement Contracts art quoted afUr the word "sett" Biff tioard deal (in
      1,049 words
    • Article
      Stock options
      257 10 BTRIKINO price* of the slock opuons offtdaJly bated on the Stock Exchange of Singapore, the period*, bid and offer price* and business done yesterday •"J 'the number of options traded shown in brackets. COLD STORAGE (DSC-52.30) (0.188 0.196) HUME F E (DEC-W-56) (0.278 0.335) INCHCAPE (DEC-SI 65) (0
      257 words
  • Article
    Unit trusts
    129 10 IkQum The Savtag r» S'por* Pr*c r S*pore Sec ft fpt lull i mm unmi friMbrNM lit m4 up uad tm ma IM FM La WW m LM 1 LManf IM IM DHCOMB BOND UNIT (Cfcmat prieaa) Income Bond Lll LIT MiUHMraunmi tfU (■aprpw tm Net 1«) kfeMavJt
    129 words
  • Article
    SHARE INFORMATION SERVICE
    2434 10 1978 HiKh Low Compay Last 8als +orDhr Dhr Cn Gr'. YH Mat Vai Day (■888) ffigfc Lw 8ECTION ONE INDUSTRIALS 1 272 238 178 219 275 111 276 < 326 245 000 132 Ac ma 123* Alcom 112 Allied Choc 133 BAT 195* Bata 60V, Ben 102
    2,434 words
  • Article
    In Kuala Lumpur
    1521 10 810 and offer prtcca officially Hated and bualneu In and reported to the Kuala Lumpur Btock Exchange yesterday with the number of aharee traded aho vn In brackets in lou of 1.000 units unless otherwise specified. INDUSTRIALS AMM (3.368 S.4OS). A••••vi (1 MB 1 938). itu <s.Toa>.
    1,521 words
  • Article, Illustration
    Shareholders reluctant to part with new entrant
    490 10 AMIDST a iitiit Making a feeble wwmj tnm Its oversight drabfete. Overseas Uatoa Betartttoc (OH8) prssed Its ■niiiiHH wben M Made Hi defeat mi the Stack of fflagspirr (8B8) yestarof the week wm aoostdod rtSTfNM feetL The lint deal at $I.l* was straek
    490 words
  • Article
    Share prices see quiet trading
    583 10 SHARE prices eased in quiet trading on the Kuala Lumpur Stock Exchange yesterday. Weak overseas markets continued to depress sentiment. The better tone of the New York market inspired some fresh buying in the morning session and prices gained marginally by the noon clone. However,
    583 words
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  • COMPANY NEWS
    • Article, Illustration
      Tasek worries over increasing costs
      942 11  -  By MANO SABNANI THE performance of Malaysia's largest integrated cement plant Tasek Cement in the current year will hinge on the conflicting effects of growing demand for cement and the ever present threat of rising production costs. Chairman E. G. Tan says in his annual
      942 words
    • Article
      For ex losses hit Renong profit
      352 11 HIGHER dividend income derived from quoted investments combined with a stronger second-half performance gave a tremendous boost to pre-tax profit at UK-incorporated Renong Tin Dredging Company for the year ended June. Pre-tax profit for the year reviewed jumped 50 per cent to £121,770 from
      352 words
    • Article
      BEN
      55 11 BEN and Company Limited told the exchange that a fire occurred in one of its godowns which is leased to World Tourist and Transport Services Private Limited. The building is insured by Ben but the company, however, said it does not expect the loss, if any, to have a
      55 words
    • Article
      Johan Tin clarifies share purchase in NKM Finance
      215 11 JOHAN Tin Dredging has responded to a query by the Kuala Lumpur Stock Exchange (KLSE) with regard to its recent purchase of 200,000 shares of Mft.OO each in NKM Finance. Johan Tin informs the exchange that NKM Finance was incorporated on July
      215 words
    • LATEST RESULTS
      • Article
        PAHANG Consolidated Co. Ltd.
        59 11 reported a net profit at MJ1.22 million (loa *1.89 million) for the year ended July 31 on tin concentrate ■ilea after export duty, aircharge and freight of $22.28 million ($21.51 million). Final dividend at 25 per «nt groat (nil), payable Jan. It to daareholders ragtotaed on
        59 words
      • Article
        Malaysia Rice Industries Bhd:
        19 11 reported a net profit of $228,000 (11.30 million) for the year ended June 30. Reuter
        19 words
    • Article
      Taiping Consolidated confident of growth
      793 11 DESPITE higher duty and wages and the reduction in premiums for air dried sheets, Taiping Consolidated, a member of the Sime Darby Group by virtue of its being a subsidiary of Kempas (Malaya), is optimistic that a "satisfactory" level of profitablility can be maintained for
      793 words
    • Article
      Singapore Finance opinion
      75 11 IN yesterday's Business Times, it has been stated that the board of gn FP nr Finance will, through its adviser Baring Sanwa, give an opinion on Hong Leog Finance's revised offer by Nov. 15. This la erroneously stated as Sinfin needs to rwinw—♦ within 14 days after
      75 words
    • Article
      Perangsang eyes Berjuntai stake
      335 11 KUMPULAN Perangsang, the Selangor state mining company, may take a stake in one of Malaysia's biggest tin mining companies. Berjuntai, through a holding company jointly owned with Malaysia Mining Corporation which has a 37.5 per cent stake in Berjuntai. Interim arrangements for miaing on Berjuntai's recently
      335 words
    • Article
      COMPANY MEETINGS
      269 11 MALAYAN Baaklag Berhad: AGM to be held at 92, Jalan Bandar, Kuala Lumpur at 12 noon on Nov 14. 8tme Party Wm Ltd: AGM to be held at the Regent Ballroom, The Regent Hotel, Kuala Lumpur at 12 noon on Nov 17. Tractors Malayrta BM: AGM to be
      269 words
    • Article
      Timuran Supreme queried on sale
      98 11 BOTH Tlmuran Holding? and Supreme Corporation were requested to furnish additional details to be exchanged over their unnwd sale of shares in United Wicuit Manufacturing. Both were asked to give the basis upon which their respective consideration were arrived at while Tlmuran was requested to
      98 words
    • Article
      DIVIDENDS ANNOUNCED
      487 11 Carraat Ex B«ok« Date Total for Total for J Payaoat Data Cloaa Payable tbe yoar Pmlaw ya. ar i A Hilaa Tia 130* Oct 10 Oct 20 Nov 11 300* 417* Geatlaf 5*1 OctS Oct IS Nov 11 5* 12**TE T Cta«M 10* Oct 5 Oct 17 Nov
      487 words
    • Article
      SCRIP ISSUE
      177 11 Coapujr Particalars Ex Data Books PakBuk Galaiwa T.CmimI C 8«|trt Mia 5M SyiUHic ImIm Fad.Cablaa P. Product* Satroa Bonus Issue of 1 for 4 Bonus Issue of 1 for 2 Bonus Issue of 1 for 5 Bonus Issue of 1 for 4 Bonus Issue of 1 for 2
      177 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      66 11 THE SANWA BANK, LIMITED SINGAPORE BRANCH US$ 20,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE NOVEMBER, 1981 In accordance with the provisions of the Certificates, notice is hereby given that for the Interest Period from 9th November, 1978 tc 9th May, 1979 the Certificates will carry a rate
      66 words
    • Advertisement
      Page 11 Advertisements Column 2
      206 11 This announcement appears for the purposes of record only NEW ISSUE OCTOBER 1978 OVERSEAS UNION SECURITIES LIMITED (Incorporated tn the Republic of Singapore) ISSUE OF 12,500,000 Ordinary Shares of $1.00 each at par Managed and Underwritten by OVERSEAS UNION BANK LIMITED With the participation of:-ASIAN-AMERICAN MERCHANT BANK LIMITED SINGAPORE NOMURA
      206 words
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  • Article
    Hong Leong at apex of the finance pyramid
    973 12  -  By SOH TIANG KENG BONG Leong Finance has retained its position as the Ne. 1 finance company in {Singapore. In terms of size, activity and profitability, it' heads the list of 34 finance companies here in frn. Second comes United Overseas Finance,
    973 words
  • Article, Illustration
    Rockefeller to meet Mr. Lee next week
    175 12 MULTI-MILLIONAIRE financier David Rockefeller, chairman of Chase Manhattan Bank, will arrive in Singapore next week for a two-day visit. *e will fly in next rftday. On the same night, the 63-year-old banker will attend a dinner given by t£e Prime Minister, Mr. Lee
    175 words
  • Article
    SANWA'S US$20M ISSUE
    90 12 ftANWA Bank's recent USs2* milliaa negotiable Heating deposit issae has been ■■inn—f llj Agent hank Baring Sanwa saM yesterday that sab■r Mptlsas far the issae came tram and flnsnrtsl Insillntlins In Asia, West Asia, and Earape. Metes* rate far the first Interest peris* starting h May 9,
    90 words
  • Article
    Imports may hit US apparel
    220 12 US apparel manufacturers, hurt by rising imports and high inventories at the retail level, have not enjoyed the best of times lately and it is not yet clear what next year will bring. Some analysts expect the industry to outperform the economy next year, predicting
    220 words
  • Article
    Lock icon The contagious dollar
    167 12 Reuter. THE Henley Centre for Forecasting in Britain said the backlash from the US dollar crisis will be reflected in an adverse effect on trade and output growth of other countries over the next two years. The centre said last week's dollar defence package marks a turning
    Reuter.  -  167 words
  • Article
    LONDON STOCKS
    728 12 LONDON, Thurs. The market closed lower today in reaction to the 2'. point rise in the Bank of England minimum lending rate, dealers said. Turnover was small and at 3 p.m., the Financial Times index was down 3.1 at 471.3. Government bonds fell by up to point. US
    728 words
  • Article
    Iran's troubles spill over to refineries here
    752 12  -  By JOHN TAN CIVIL disorder in Iran appears to be protracted and chance* of an early return to normal oil supplies from that country seem remote. The Singapore refining industry, however, should not face any serious production cutback since most COffipfcD&CS are assured
    752 words
  • Article
    Mobil expands crude storage capacity in Singapore
    401 12  -  By RONNIE LIM MOBIL OIL is carrying out an expansion programme, which will see a potential doubling at least of its crude storage capacity in Singapore. A spokesman yesterday said that the refinery has Just completed a new $8million crude storage tank on
    401 words
  • Article
    Lock icon Loan to Philippines
    60 12 AP. THE WORLD Bank announced yesterday the approval of a US$35-million (Ss77 million) loan to the Philippines. The Philippines will carry out a national extension project with the support of the loan. The project includes construction of 500 rural extension centres, a home management programme and a
    AP.  -  60 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      134 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES I Today we are quoting the following for Singapore Dollar term deposits up to *****.000 1 month 5Vj% p.a. 3 months 5%% p.a. 6 months 6% p.a. 9 months 6 °/op.a. 12 months 6'/«% p.a. Savings 4
      134 words
    • Advertisement
      Page 12 Advertisements Column 2
      283 12 bfraumilni ATS WEI N RHEINHI; B RHINE W WEINHfI W ho dares to put A white wine in 11 black bottle? BIACk !()\M k! c).»ns -a hrte v\ mc 11 om K i num presented i'i .til origin.ii hlack bottir Hkick louci h.i v .1 distmctiv e n!\ic .iiui chat
      283 words
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  • SHIPPING TIMES
    • POBTSIDiS
      • Article
        Lock icon Aid for shipbuilders
        98 13 Reuter THE French government will help the shipbuilding industry by making available long term credits at low interest rates, as well as providing 350 million francs (Ssl7s million) for the purchase by Poland of four cargo ships, Transport Minister Joel le Theule said.. He said the government
        Reuter  -  98 words
      • Article
        Lock icon Invites for unionists
        83 13 Reuter INDIAN Shipping Minister Chand Ram has invited leaders of the AU-India Port and Dock Workers Federation to discuss the proposed strike by more than 200,000 dock workers in all the major ports on Nov 16. Mr Ram wrote to the federation that he would call meetings
        Reuter  -  83 words
      • Article
        Lock icon Contract sealed
        65 13 Reuter ISHIKAWAJIMA-HARIMA Heavy Industries Ltd said it has signed a contract to build an 800-tonne crane vessel for China. The company said the vessel ordered by the China National Machinery Trading Corporation would be used for oil development projects off China. The Japanese shipbuilder declined to disclose the
        Reuter  -  65 words
    • Article
      Big boost for Jurong Shipyard
      550 13  -  Bv RAHIM KASSIM JURONG Shipyard has received the single largest contract in its 15-year history. The job, worth over $60 million, is for the conversion of 10 ships belonging to the Soviet Far East Shipping Company. The contract calls for the conversion of 10 16,000-dwt
      550 words
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      Lock icon London freight market
      230 13 UPI NEWS is disappointing for owners although not entirely' i unexpected in view of the recent slow fixing which lowered the US Gulf-Holland grain rate by 50 US cents to $10 (Ss2l) (FIO) which was accepted by the Welsh City for a -55,000-tonne late November shipment. Argentine
      UPI  -  230 words
    • Article
      INDEX
      485 13 SWpptag C«L Aconas m 2 ACS n 5 Afea IV 2 1 Auila n .5 j Alpac IV 5 ANL i 1 APL ra 2 Anhsing n 5 i Arya Nat n 5 ASCL m 5 Angkutan m 4 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben
      485 words
    • Article, Illustration
      Yard that stays afloat
      76 13 ONE British yard which has managed to keep buy is Hevermarine Traaspert st Woelsten, Southampton, builders tf the highly successful HM2 air cushion passenger ferry. It recently released details si a range st military eraft based en the HMS basic hull. The pietnre abeve shews an
      76 words
    • Article
      Lock icon Japan to scrap export tax
      209 13 Reuter JAPAN will abolish the 5 per cent export tax on its shipbuilding industry from Jan 1 next year, a Japanese delegation tcfcl the OBCD working party on shipbuilding in Paris, delegate sources said. The Japanese said the tax, imposed at the beginning of 1977
      Reuter  -  209 words
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      SHIPPING LIST where your ships are due...and when
      3130 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
      3,130 words
    • Article
      Container Schedules
      1039 18 s receiving of export fcl containers V. AND LCL CARGO AT CONTAINER TERMINAL (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and Is subject to change ZZ (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises
      1,039 words
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      Who acts for whom
      895 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd. Adriatic Container— Container Feeders. APEA Line— Singapore Shipping. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN >—Uni pacific. Alpac Line—lntrasea.
      895 words
    • Article
      Lock icon NEW TYPES OF SHIPS TO KEEP YARDS BUSY
      575 18 Lloyds List. THE newbuilding sector could be stimulated by new types of vessels with high stowage capability, or more rational loading and discharging equipment, it was revealed at the recent marine technology exhibition in Hamburg. Many exhibitors confirmed that shipping companies are
      Lloyds List.  -  575 words
    • Article
      Creditors bail out Austiran
      518 18 AI STIBAN Lld, the shipping WMf en the brink sf Bqsldattoa, has km resvWQ ly I SB CfMIMV MM H expected to resame service at the end s4 next month. Sea Containers Atlantic Ltd, the major creditor sf Anstlrna to wheal It owes ahont As 4
      518 words
    • Article, Illustration
      SHIPS IN PORT
      355 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES A magi Maru (after Pabloeverett) 40/41 Arcturus (aier Turk meniya) 42/43 Bunga Seroja (after Pluma Rico) 13/14 Bunga Seta war (1500 after Integrity) 18 Christian Maersk (after Ocean Prima) 35/36 John Schehr (0600 after Vega) 27/28 Kaikoh Maru (0600 after SeU Cedar)
      355 words
    • Article
      New face on Ben board
      69 18 BEN LINE Steamers Ltd has appointed Mr W.A.C Thomson to sit on the company's board with effect from Nov 1. He is also a director of Ben Line Ship Management Ltd. Mr Thomson, who is stationed at Ben Line's head office in Edinburgh, has served
      69 words
    • Article
      Lock icon Congestion worsens
      56 18 Reuter THERE HAS been a marked deterioration in port conditions at Latakia on the beautiful coast of Syria, shipping lines which are members of the Hongkong Europe Freight Conference said. The conference said it will introduce a congestion surcharge to be applied to cargo loaded for discharge at
      Reuter  -  56 words
    • Article
      Death toll
      32 18 THIRTY-ONE crew and dockyard workers are feared dead and 26 injured following a huge explosion aboard a Hongkong oil tanker at the mouth of Manila Bay, the Coast Guard said.
      32 words
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      Page 13 Advertisements Column 1
      483 13 Scan Dutch 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. ***** JAR DIM Wl\li Orient Overseas Co*Uci*te4 Line FULLY CONTAMERBED XXVICE TO EUROPE (VIA SUEZ) s seas ma im NEfTUC COM lON CJCVAICR PIU 13* CKVWJD RQff UN icptime
      483 words
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      Page 13 Advertisements Column 2
      292 13 (ill sealord" uj -\m ANTAH H m UASC UNITED ARAB SHIPPING CO (SAG). 1 1 All vessels ***** DWT, 105 TON H.L. Derrick B 288 TEU Capacity, Long Length Capability. ■■ARABIAN GULF WEEKLY SERVICE' S pore Loading for 11/11 Muscat (20/11). Dubai (22/11). A Dhab. (24/11) P Mang Doha (25/11).
      292 words
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      Page 13 Advertisements Column 3
      647 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore: Tel. *****1. Port Kelang: Tel. *****1. Kuala Lumpur Tel. *****. Penang. Tel ***** MAERSK LINE Fo< US Paciltc Gutt Auaniic and Easi Canada (Also accept.ng to. Hongkong Ta.wan jaoanandKo.eai FULLY CONTAINERIZED FAST DIRECT WEEKLY M/U 11/11 M« 10/11
      647 words
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      766 14 rHapag-Uoyd FUU.Y CONTMOBQ) 10 EUMK rrm EXPORTS CjrApa Bar Ob, IM|I Hn EXPRESS CONVENTIONAL TO EUROPE > Jln< Mir (mi trfewt BTunen Mm Antwerp VTT Vl2 30/11 15/12 13/12 9/12 11/12 Xll 27/11 21/12 17/12 28/12 26/12 21/12 23/12 U\ 7 12/12 6/1 2/1 16/1 K/l 10/1 12/1 FULLY CONTAMERISED
      766 words
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      Page 14 Advertisements Column 2
      527 14 barber blue sea •Fiwcß ATLANTIC US 01/ I EAST CHUM SJM NW 14/15 N» 23/24 OK 14/15 OK 24/20 SJM MM 17/11 UN 20/27 Ok 17/11 OK 20/29 Ok 1 la 2 Mm U/14 I Mot 23 Ok 2/3 Ok 23 tan 1/4 Mm IS Mwr 24 Ok 4 Ok
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      393 14 I FULLY CONTMOKD East ,v i KUWAIT B SHMffUt 3 12 25/12 ALSO ACCEPTWG CARGO FOR BAHRAW AND ABU DHABI WKim /HiPPinG h TRflOinG pti. Ltd. ■Tit» Telex KICKED RS ***** Tel *****37 *****11 lEVERGREEN LINE (EVERGKEEN MARINE CORPORATION! FAR EAST/RED SEA. MEDITERRANEAN SEA 1 EXPRESS FULL CONTAINER SERVICE 1
      393 words
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      716 14 Everett Lines Fivaitv "BURMESEJjATIONAL LINE" mrm 012/11 i B F.S.S.C Ajents in Malaysia: TEPS MALAYSIA Port Kelang Td (38) 7355 Penn* Tel *****/***** UmatiN lumiiiwm S. A. C.I. F. "ARGENTINE NATIONAL LINE" PMM ARGENTRM 21/24 Nn S/ICNh* 27/21 Mar* Trmyortocww Ihritiw Mwicww S. A. V** "MEXICAN NATIONAL LINE" fm usr/mco
      716 words
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      Page 14 Advertisements Column 5
      476 14 SANKYO LINE IMB nai aran m/isnov mcukutd SMLOOM 13/14 NOV 11/12 NOV MM. Hi MAY CMP 15/17 NOV 13/14 NOV SID. KL. MIL BANGLADESH SERVICE OCEAN TIMBERS LINE CACTUS 22/23 NOV 24/25 NOV KMACH soutmem cross 22/23 mm romray (MENTAL MOPE 24/25 NOV 2C/2C NOV CALCUTTA. MADRAS rrmt t onawm
      476 words
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      858 15 OCI Overseas Containers Limited COWTAiOSOP sum. TO W/COWOT: K Spar. Puant ffi Mm* In Utec U Mm 5 Nalpi II Hn 7 «!■<■ i mm ami u (■rite Mm a Mi 1* Cadfeatey 4 tec I tec a Mm Mm II tec 17 car re*ii» n tec 4 Oaakatey II
      858 words
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      Page 15 Advertisements Column 2
      866 15 UHAIVAHD LINE ill'lM Ni'J, J' i* .1M i f*i 33 ij "►M11. ivl': i" NEST BOUND-FM EAST/MEDfTBHUUCMI S'pn ru la* hM| LM*|tar I9M— 11 fat 13 fat IS lb* OpbothP Sa MV. MM IMH «Jtm 17 otc 19 Ok *M» MM FUNC V.21 M.. OMmb/P Sart AJnandna tartl Laltalua P»ae«s/Trvet/
      866 words
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      Page 15 Advertisements Column 3
      648 15 BEN LINE CONTAINERS EXPRESS CONTAME* SERVICE TO/FROM EUROPE H6URG B'NAHN |lOQies MMlit »PMP.E*m. ROAM HAVK SOTON Mmtrp timer At u R C*v«E**nk 11/12 VI VI 7 Ouk* l*r 11/12 15/12 1/1 11/1 12 Rapwlte. 21/12 VI 5/1 II FWMMCTt H'MJRG B'MAVIN R OA* HAVRE SOTO* W Germany Asstna Be«wto Franc*
      648 words
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      Page 15 Advertisements Column 4
      617 15 Scan Dutch V pto i 'i:i >1 i«i»i 4 »7ill i«>r.i »i: n:» frw:i i: ml S(M 1) Nm*s 2) Mm 3) Mberj 4) Ctert U/U M/U VU 7/12 l/u I MUM JVII VU IVU 11/12 U/U um vu u/u a/u m/u a/u imut u/u a/u m/u vi vi an
      617 words
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      Page 15 Advertisements Column 5
      284 15 GUTHRIE BOUSTEAD AGF^cies THE BANK LINE LTD. LOADS FOR Et S AFRICA •*-*> omm. a fx Sport 2?/»Nar r KMV 1/4 Ok lb/7i Sport -"••■C P Ma* 17 Nn/ 3BK S|«t 4/ IDK I EXPRESS SERVICE WRECT FROM SMGAPORE 10 NEW ORLEANS. MOMLE HOUSTON. GALVESTON. ALSO ACCEPTB4G CARGO FOR BANGKOK.
      284 words
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      958 16 KAWASAKI KISEN KAISHA. LTD. (VM SUEZ fcy CentMner Vesseh TO EUROPE Spore P Hburg Bremen R dam A *erp »mma m [USTTTTS" 29 nm 31 nm idk 2ok o*c NEFTU* COUL 1M II Nm 19 Nm 7 tec 9Ok It Ok 11 Dk 13 Ok cmtui PAUU3W 2t Nm 27
      958 words
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      Page 16 Advertisements Column 2
      847 16 ru U.S.A./EAST CANADA SERVICE accept* tana commas mm rmm. r buk stok Loafeg tar NEW TQM. CAMDEN. NORFOLK MONT* HUOESM (MBA 20 SO) 23/24 Nw 2V»Nw 2t/22Nw U/tTnw E.C./GREAT LAKES SERVICE Loadtag tar BOW OH. NEW TOM. MONTH At TORONTO. ASHTABULA DETROIT CMKMO CALIFORNIA/PACIFIC NORTH WEST SERVICE lM*f tar LOS
      847 words
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      Page 16 Advertisements Column 3
      907 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAMERtSED SERVICE ss mm* k cmti' c mi cicv«inns mptumpeam iocatoi Snort P Mar* S ton Ha*rt H bw( 6ttm Rdm Iff* ***127 M nib. 31 to 10k 20k 40k i! i? 5" s°* "0* UOK 13 Dk IS Ok 17
      907 words
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      Page 16 Advertisements Column 4
      490 16 MALAYSIA* SHIPPING CORPORATION BfPHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/C ONTINENT/SCANDINAVIA WEST B0I1P: Also acctptmg intermediate cargo to Hongkong I lapan EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tg Man S port P Kelang Penang Liitu tar BMM taPtrt 11/13 Nw Horu 74/11. (Ml/ I pool 30/11 Hburg 6/12. Amerp 9/12. le
      490 words
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      Page 16 Advertisements Column 5
      624 16 f INTRfISEfI (PTE) LTD. f House 2 >4E Q'Ctvrcl Ho.m Si-o.iuo'e •> Telephone 2352^ 1 1 2 I REGULAR MDUUUM SOB/FULL CONTMO SONKX TO EUROPE Spare p mwh pwmi im*i kr i <nt) lit much tttm'H Hurt «p--tpanKbwi Bmkm mourn at mb» i mm J4M54 *****/2 I*Kansai Line STRAITS/AUSTRALIA SERVICE
      624 words
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      Page 17 Advertisements Column 1
      716 17 EGYPTIAN LGYPTIAM FLAG FAST AND WRECT UNER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) STORE PT KEL PEMANG fT SAD ALL* SPWB U Unit HK 22 OKI OK E'j W£ U Mc 21 l» I |»t Jabprt MMMHI GENERAL AGENTS: SUB-AGENTS: L.N. SHIPPING PTE LTD H.S.H. (M) SON BHD T«J: *****11
      716 words
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      Page 17 Advertisements Column 2
      217 17 "VIBHVA NIDHT* VOY: 42 arrived sth November, 1978. at P.S.A. God own Not. 35/36 General Survey of ~W maged cargo e* the apcjl" vessel will be held on M«Pj day 13th November. 1978, as, from 9.00 am to 5.00 p.mr No further survey win be held after this date JJ
      217 words
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