The Business Times, 29 December 1978

Microfilm: NL9923
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, DECEMBER IVTB 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Electrical projects
      50 1 THE ECONOMIC Development Board is currently negotiating with investors from Japan, Australia, Europe and the US for electrical projects worth a total of $80 million. The board's publication, Investment News, reported products to be made will include higvoltage switching and distribution equipment, watch batteries, fans and micro-wave ovens.
      50 words
    • Article
      Lock icon Shipping rote rise
      64 1 Reuter TAIPEI, Thurs. An 8-per cent price rise in shipping rates on the Far East-Europe route will go into effect from March 1, 1979, the Central News Agency reported today. Quoting the Far East Freight Conference, the agency said the increasing shipping costs by the conference would
      Reuter  -  64 words
    • Article
      Lock icon Lower tin output
      57 1 Reuter KUALA LUMPUR, Thurs. Peninsular Malaysian tin concentrates output fell to 6,717 long tons in September from 7,137 tons in August but was above the 6,255 tons of September 1977 according to the Statistics Department. Output in the first nine months totalled 60,696 tons compared with 58,273
      Reuter  -  57 words
    • Article
      Lock icon GATT talks
      66 1 Reuter GENEVA, Thurs. Negotiations conducted under the auspices of the UN General Agreement on Tariffs and Trade (GATT) are to recommence on Jan 8. Two crucial agreements remain outstanding between the US and the EEC and between Japan and the EEC. The US and the EEC have not
      Reuter  -  66 words
    • Article
      Lock icon Bonking crippled
      48 1 Reuter NEW DELHI, Thurs. Banking operations in India were crippled today as over half a million bank workers went on a two-day strike to back wage demands. A spokesman of the Bank Employees Association which called the strike, said: "The strike was total and peaceful." Reuter.
      Reuter  -  48 words
    • Article
      Petrochem order
      54 1 TOKYO, Thurs. China has placed a US$2O5 million (Ss4sl million) order with a Japanese consortium for four petrochemical plants for completion in 1983, it was announced here today. Under the dollar-quoted, dollar-paid deal, China's National Technical Import Corporation will receive two low-density polyethylene plants, each with an annual
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    • Article
      Lock icon Airline investment
      51 1 AFP KUALA LUMPUR, Thurs. Malaysian Airline System will invest about Ms7s million in an engineering and maintenance complex at Subang Airport over the next four years. The airline's chairman, Raja Tan Sri Moha said today this is part of the company's policy of achieving self-sufficiency in aircraft maintenance.—
      AFP  -  51 words
    • Article
      Lock icon Dow Jones
      60 1 UPI NEW YORK, Thurs. Stocks headed lower early today in reaction to the worsening conditions in strife-torn Iran, where oil production has now stopped. The Dow Jones industrial average, which lost around 7.45 points yesterday, was off 1.03 points to 807.51 around 11 a.m. Declines led advances, 711
      UPI  -  60 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      143 1 Rises Most Active D Keramat 1070 90 666,000 Dun lop Est 350 10 S Darby Berjaya Kawat 287 7 H Par 202,000 Magnum Corpn Y H S C ft C 3S2 312 SIS 8 8 5 Guinness M Banking 82,000 54,000 Oriental Hldgs S10 5 Total Turnover:
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    • Article, Illustration
      In Kuala Lumpur
      145 1 Rises Most Active L Perak 302 A Hitam Tin 1060 A Ent 280 B Kawat 276 Malex 324 ConspUnt Wrts 326 Oriental 520 Falls S Trading 560 Kg Lanjut 220 M'wata 220 YHS (M) 269 M Banking 610 Tronoh ©0 M Rice 166 +22 +20 +07 +06
      145 words
  • Article
    British insurance giant to open local office
    297 1  -  By QUEK PECK LIM SUN ALLIANCE, one of UK's largest insurance companies, is to incorporate a local subsidiary with four Singapore partners. The new company, to be set up on Jan 1, will have the participation of two listed companies United Overseas Insurance
    297 words
  • Article
    New clause to tighten plywood sale
    727 1  -  By JOHN LIM KOMASI, which comprises the plywood associations of South Korea, Malaysia and Singapore, is adding a new clause to its sales contracts in an attempt to stop EEC buyers from disrupting the plywood markets there. Essentially, the clause stipulates that all shipments
    727 words
  • Article
    Credit Lyonnais in S'pore
    72 1 CREDIT Lyonnais of Paris, the world's sth largest bank, will open an offshore branch in Singapore within the next few months. The bank, second biggest in Prance after Banque Nationale de Paris (BNP), has been given the green light by the Monetary Authority of Singapore. It
    72 words
  • Article
    PDAS should be more liberal
    476 1  -  By JOHN TAN THE PRODUCT Development Assistance Scheme should be implemented more liberally if it la to succeed in helping local companies develop more saleable products. It is unrealistic to expect domestic companies to have a high technology content in their product development work before
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  • Article
    Aid plan for our entrepreneurs
    78 1 THE SCHEME tejreyMe etker tmwm ifflttoTLli'i *■'!Mtmml #rcc*ef»'lE! Tm ami Mr. Lee Yeek Bmm an werlriag *>t Ike Tte tekeme U> to eekei Ihe UeeJ Etujpmfrtel feattei mddrem Im PiHtaMk kgr Plmmc MlbMliii Mr. He* M Sea. Ike prejeet le te tmemnge man leeel prifwiiMli
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  • Article
    Gold price rises US$2 an ounce
    222 1 THE PUCE gsM yesterday rsss UBst aa mbm Cress New Yafel dase aa Wedaeeday el UBKB.V as speeatotors eeatlaaed to hay the yet tow ssetal la aatteipattoa sf a weaker US dallar. By Isle yesterday afteraeea, spat gsM was piag fer VBsmj* eastreag OeM
    222 words
  • Article
    SIA will lend a helping hand to Air Lanka
    381 1  -  By COLIN CHEE SINGAPORE Airlines is expected to sell or lease pari of its fleet of Boeing 707s to Sri Lanka's new national airline. Sources said Air Lanka, which will have SIA as management consultant, is expected initially to buy or
    381 words
  • Article
    BARING BROS ASIA NOW
    95 1 Baring Sanwa Ltd., the merchant banking joint venture between Sanwa Bank and Baring Brothers and Co., has been reorga--i— J nisea. Effective yesterday, Baring Sanwa Ltd. becomes a i subsidiary of Barings and will be called Baring Brothers Asia Ltd. The j subsidiary will continue to
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      19 1 BUSINESS MOCIHI SYSTEMS (S)PTt ITtt 47 Podium Stock GoWMi Pi«» Newton ftoad s-otwen 11 T# JMiM«« CMM auSMESTEMS SiiflHOT
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    • Advertisement
      Page 1 Advertisements Column 2
      93 1 ISP"" Brauri Synchron Plus Braun's Synchron For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and slots. Platinum-coated to give you a smoother
      93 words
    • Advertisement
      Page 1 Advertisements Column 3
      4 1 !]-<[?>}>\.[`+*{=$*@[|("?+.++)! SHIPPING TIMES pPMRMj wtmk
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    • Advertisement
      Page 1 Advertisements Column 4
      298 1 3JLI mi MWFhklialW iLiva! Soto Agnn Guthrie Trading Tti: *****5 A *****5 me mountarEop wnac are the realties of mtramarkets for spices Palm ol prospects to 1985 look excellent there be a recession In the US In 1979? is a urea mountain nevttaoe? Natural rufter prospects m 1980S Th«*i.it"st ivs!i»*
      298 words
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  • TRADE AND INDUSTRY
    • Article
      Lock icon China draws up contracts for foreign investments
      353 2 AFP CHINA has drawn up contracts with several foreign firms establishing jointstock companies, Hongkong's South China Morning Post daily reported on Wednesday. Noting that this marks the first time in 30 years that foreigners have been allowed to invest directly in Chinese enterprises,
      AFP  -  353 words
    • Article
      OBITUARY MR E G. HOLIDAY
      170 2 A LEADING pioneer of Singapore's rubber broking industry died on Christmas eve at his Guernsey home in the British Channel Islands. Mr E. G. Holiday, a partner in the Singapore rubber broking company of Holiday, Cutler and Bath had spent over 40 years in Singapore
      170 words
    • Article, Illustration
      Wang computes sales to rise three-fold
      705 2  -  WIDE RANGE OF CUSTOMERS By GOH ENG KEE UNDERLINING its phenomenal growth since it started operations some two-and-a-half years ago, Wang Computers is expecting sales for the current financial year, ending June 30, 19?9, to rise more than three tiroes to about $4 million.
      705 words
    • Article
      Taxi coupons for Subang Airport
      555 2 A COUPON system for uud service from Subang Airport to Kuala Lumpur and parts of Selangar will be introduced from Jan 1. The Malaysian Department of Civil Aviation said the system is aimed at preventing fare-fleecing by airport taxi drivers. Details of the new system
      555 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      163 2 MR JAMES has been appointed the new managing director of Chubb Singapore. Mr Bemrose has a tenyear stint managing the Malaysian operations. A "'♦-protection specialist, be expected to considerably expand Chubb's fire protection division, apart from ■trengthening its activities in computer security including cloned circuit television *nd
      163 words
    • Article
      Two new faces on the board of JTC
      193 2 THE MINISTER for Pinance has appointed two new members to the board of Jurong Town Corporation. They are Mr. Michael Yeo, chairman of the Singapore Manufacturers Association, and Mr. Lim Leong Geok, chief planner of the Planning Department, Ministry of National Development
      193 words
    • Article
      MOSTLY FROM ASEAN
      163 2 VISITORS from the Asean region topped the list (69,705) of October arrivals in Singapore, accounting for 39.2 per cent of the total 177,639 visitors. Australia followed with 18,289 visitors or 10.3 per cent, Japan, 16,897 (9.5 per cent), the US, 14,039 (7.9 per cent) and the UK,
      163 words
    • Article
      What's in store for unions in the future?
      273 2 THE FUTURE role of trade union, now that most of them have secured the baste amenities for its members, was highlighted by the Minister of State for Defence, Mr. Bernard Chen, yesterday. Speaking at the opening of the new union bouse of
      273 words
    • Article
      Lock icon Pakistan, KL on double taxation
      218 2 AFP PAKISTAN and Malaysia have agreed to sign an pact to avoid double taxation, according to a Kuala Lumpur statement issued on Tuesday. The agreement was reached between a Malaysian delegation headed by Finance Ministry undersecretary Tengku Kasim and Pakistani officials headed by the chairman
      AFP  -  218 words
    • Article
      Lock icon Taiwan's industrial output up 24 pc
      179 2 Reuter TAIWAN'S industrial production index rase 23.95 per cent in the 12 months to end-November to stand at 143.27, the Central News Agency (CNA) said quoting statistics from the Directorate General of Budget, Accounting and Statistics. The agency said this also represents a 1J
      Reuter  -  179 words
    • Article
      MEMO PAD
      378 2 COUBBEB AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), STFC, srrc Jan 6: Dynamics of communication and growth workshop,' Hyatt Hotel, Dr Dale Bailey Jan 6, 13 k 20: The Effective Secretary, SIM conference room, Mr Tan Teck Huat Jan 8-19: Personal and
      378 words
    • Article, Illustration
      Lock icon Support measures for aluminium
      510 3 UPI AFP JAPANESE government advisers have proposed extending and stepping up rehabilitation measures to streamline the deficitplagued aluminium industry. The Tariff Deliberation Council has urged the Japanese Finance Minister to continue for one year the current tariff quota system on imported aluminium ingots. The system is
      UPI; AFP  -  510 words
    • Article
      Lock icon Jakarta plans 44 pc boost for budget
      669 3 Agencies THE Indonesian government yesterday announced a sharp 44 per cent increaae of the national budget (or the next fiscal year starting next April. The balanced budget will usher Indonesia into the first year of Its third fiveyear development plan. With the new
      Agencies  -  669 words
    • Article
      TRIBUNAL ORDER TO PVTA
      85 3 THE PHILIPPINES Su-j preme Court on Wednesday! confirmed a Lower Court's decision ordering the Philip-; pine Virginia Tobacco Authority (PVTA) to pay more than one million pesos, (*****,333) in damages to 16; trading firms. It said the PVTA should have compensated the small-scale planters for the
      85 words
    • Article
      World trade will grow at slower pace, says Jetro
      235 3 WORLD trade is expected to increase at a relatively slow annual pace of 5 per cent next year in terms of volume, compared with an average annual gain of 6.3 per cent between 1970 and 1977, a semi-governmental trade agency in
      235 words
    • Article, Illustration
      Kriangsak seeks $620m loans from Japan
      97 3 THAI PttEMTO Irtaageel nM graafc'tetaNmi VBsm arfttsa (SpM ■m) daring Ms vMt Is fcjutaa Jaa IMI, aa J A( i |M«, wMeh wU be seaght from the JapaCerperatlea Feed ItM wJmm (SUM sill«sa) wMle the technical aM gnats to bs seaght treat the Japaaaae
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    • Article
      Lock icon Tea slump will pass
      78 3 Reuter THE SLUMP in India's tea exports is a pawing phase and much larger exports can be expected in the next season. Mr B.K. Goswami, Indian Tea Board chairman told the annual general meeting of the Tea Research Association. However, urgent steps need to be taken
      Reuter  -  78 words
    • Article
      Lock icon Marcos forms new export promotion office
      553 3 Reuter AFP PRESIDENT Mareoi baa established a aew office to ovcisot aad hcttaa all the Philippines' export activities The PrUifcilal Palace announced y—tsiilay that Mr. Marco* has aaamd Mr. Ruben Ancheta an head of the new department deslgned to help improve the country's poor
      Reuter; AFP  -  553 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      82 2 < -V CANADA "QUEEN ELIZABETH TOWERS" 200 Luxury Condominiums in the centre of Ottawa, capital of Canada. GUARANTEED NET CASH INCOME 6% ON YOUR INVESTMENT FOR 5 YEARS Prices from C 540,000 C 5120,000 50% Cash Protect your money buy real estate. Bidder and fiiarantor: TRDEL CONSTRUCTION LTD. one of
      82 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      590 2 I TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 The boss bursts into tears (4) 4 Mvraa's upset the vintage port! (6) 8 High-ball! (3) 10 prophet two-thirds Somoan? (4) 13 Hard lines (8) 14 With which to cut the chat? (7) 15 A doubly choice offer (6) 17 Emil turns to
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      206 3 fof F LOI ODESSA OCEAN LINE CONTAINER SERVICE VIA SUEZ ®Avonmouth, lurg Bremen Rotterdam r Le Havre Genoa AGENTS UMOON UVORNO as ssssa.'s™,™ Uk«R>«IMKI <^<SXSSS£? WE MEN NONQKOHO 1 "t*— —a~T> Tiaiiaiaata HmXi Ir» r 1 Whflaai lliaaalM! U4 *aa« Aim OOt 0421-MM-t Talaa: 24*201 "Nn MM'll Um Ml CaMa:
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      494 4 THE Singapore rubber market yesterday closed slightly lower with January One RSS buyers quoted at 237.50 cents per kilo, down 0.50 cent on Wednesday's close, dealers said. The morning session closed slightly easier with January One RSS buyers quoted at 237.50 cents per kilo, down 0.50
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    • Article
      Closing prices
      29 4 Rubber: Dec 28 Singapore: January: 237.50 cents (down 0.50 cent) Malaysia: January: 241.25 (down 0.25 cent) Tin: $1,701 (up $10) Official offering: 180 tonnes (down 25 tonnes)
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    • Article
      RAS PRICES
      327 4 Prices In cents per kilo yesterday: (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 237.75 238.75N Int. 1 R.S.S Jan 238 25 238.75 Int. 1 R.S.S. Feb 240.25 240.75 Int. 2 R.S.S. 238.25 237.25N UK/Coat. 235.25 236 25N Int. 3 R.S.S. 233.25 234.25N UK/Coat 232.25 233J5N Int.
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    • Article
      SSR and SMR
      104 4 NOON SSR and SMR prices yesterday: BAD U mmry r Mnary (Car a rent Mtt) FB 8ott0PS irm DlriMtt) ■•Tea (Mat a per kg) (eeata per kg) SSR 20 (1-ton pallet) 237 00 239.00N 238.00 240.00N SSR SO UDMJI (1-ton pallet) 234.00 238.00N 235 00 237.00N KE4JB
      104 words
    • Article
      Rice
      189 4 BANGKOK rice prices war* quoted as follows yesterday: (Id US dollars per Mm F. 0.8. basis Bangkok) Witts rtosi 100 pet Ist dass SB. 100 pet 2nd class X. M 0 pet M class 300, S pet 282,10 pet 171 IS pet as7.3opctaß.spctaß.Spct unq. Tikis: A-l super ISO. A-l
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    • Article
      Sugar
      239 4 RAW SUGAR futures in London on Wednesday closed £3.85 to £3.30 per tonne down. Turnover totalled 2,060 lots. The market was easier with commission house and local selling and long liquidation touching off stoploss orders. Dealers said the selling followed the shakeout in New York late on Friday and
      239 words
    • Article
      Duty rates
      88 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Dec 28 until further notice: Ratter: 239'. cents a kilo; Capra: Mi 1,114.02 a tonne; Pala kernel: $965.15 a tonne; WMte pepper: $4,661.62 a tonne; Black pepper: $2,915.56 a tonne; The rates of duty payable
      88 words
    • Article
      Produce exchange
      319 4 TRADING conditions on the Singapore produce exchange remained fundamentally unchanged yesterday. Dealers reported that there were few stock movements and prices were holding steady. Coffee traders said that minimal trading was done in the commodity. The prevailing sluggishness in the coffee market is largely due to the slowdown
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    • Article
      Hongkong Comex
      168 4 SUGAR futures trading in Hongkong yesterday was dull and featureless on continued lack of interest, with turnover touching the previous record low of one lot against two yesterday, dealers said. Nearby January was closed at US 7.80/8.00 cents against Wednesday's 7.75/ 1.00 close and the distant October at
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    • Article
      SPOT PRICES
      187 4 YARN and cotton la Hongkong dollar*, spot es-godown: Cattaa yara: China Blue Phoenix 30a 2,310. 3k 2.860; 40a 3,000 (per bale of 488 lha). Plana gaaSs: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flytag Geeae unq (per piece 36
      187 words
    • Article
      Coffee
      246 4 ROBUST A futures in London yesterday morning ended the opening call steady, £2 down to £4 per tonne up from Wednesday. Turnover was 672 lots which included 400 lots of cross trades. Dealers said in quiet conditions values initially eased on commission house selling but later recovered on mixed
      246 words
    • Article
      Cocoa
      200 4 COCOA values were unchanged to £7 per tonne higher after trading of 1,847 lots in London yesterday morning. The market remained very quiet with prices holding in a very narrow range. Mast of the business consisted of self-trading operations. On Wednesday, cocoa futures closed £23 to £5 per tonne
      200 words
    • Article
      Soybean
      180 4 SOYBEAN futures kept gains in all but two contracts after slipping several cents from highs in the final hour in Chicago on Wednesday. Prices ended up '/i to IV* cents a bushel in all but the fractionally-lower September contract and the unchanged distant January. Traders characterised trading as generally
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    • Article
      Palm oil
      64 4 C.I.F. North European ports, in US dollar* per ton unless otherwise stated. LONDON: Wed Previous Malaysian s%ffa bulk per tonne February inch 6loalr Sumatra 5% ffa bulk December unch QOOSIOpd January 622J051r OMr February 617.5051r SiSair Mar/Apr 815slr/ eiZSOpd 61S.OOslr May 612J0pd eiZJOslr l(a bulk st( unq unq
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    • Article
      Gold
      516 4 GOLD FUTURES in Singapore yesterday closed steady with prices rising slightly on the day In very quiet trading, dealers said. Turnover fell to a low of 34 lota compared with 84 lots on Wednesday. Activity was mainly centred on February and orient fluctuated within a 80-cent range through the
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    • Article
      Straits tin
      217 4 THE Straits tin price in Penang yesterday rose Mslo per picul to 11,791, $91 above the International Tin Agreement ceiling, dealers said. Despite an easier London Metal Exchange on Tuesday, higher prices in Penang reflected a reduced volume of tin supplied by miners. Small covering together with light
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    • Article
      Lead
      80 4 LEAD rat by £11.25 for /rash and £1 (or three months in London on Wednesday. The afternoon market gained further ground with three months trading up to £410 and the backwardation widening to £29 compared with £24 last Friday. The morning market reflected the tight nearby position, reports of
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    • Article
      Zinc
      50 4 ZINC was up £5.75 (or cash and £3.5 for three months in London an Wednesday. Afternoon values were steady but the pace of trading was only routine. The morning market reflected the very steady trend in lead but was generally subdued. Three months traded up to £355.5 per tonne.
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    • Article
      Wheat
      65 4 WHEAT futures, taking their cue from gains in soybeans and precious metals, rose 3-1/1 to 1-1/4 cents a bushel at mkiwtrm in Chicago on Wednesday. Wheat futures dosed near the session's highs after ignoring late selling in other pits. Prices finished with gains of 34/4 to 1-1/4 cents a
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    • Article
      Copper
      395 4 COPPER wirebars finished the morning down £2.5 for cash and £1 for three months in London yesterday. The market lacked fresh incentives with three months trading within a £2 range throughout the session. There was no followthrough to recent heavy borrowing operations and freer often to lend from cash
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    • Article
      Aluminium
      38 4 ALUMINIUM was down £1 for three months at from £620 to £621 per tonne in London on Wednesday. The afternoon market was neglected. The morning market lacked any worthwhile trading interest and only 100 tonnes changed hands.
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        455 4 THE US dollar continued to weaken on the foreign exchange market yesterday in thin trading conditions. Opening at 194.30/50 against the Japanese yen, the dollar was thinly traded down to 192.90/10 in London. Against the West German mark, dollar also lost ground. Staring at 1.8130/60 in the morning,
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      • Article
        Asian $ rates
        174 4 Asian rates l«im: A«Umy A Pmm ASIAN currency deposit Interbank rates as at close on Dec 28 7 days 1 month 2 months 3 months S months months IS months US Offer Bm 10S/1S 10 VIS 111V1611 12/16 12 11 12'. 12 12H 12'i 12 3/IS 123/16 12'* 12 i
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      • Article
        Discount
        53 4 Ktifi of pr dlfCOUl kow icoa offered by t— m Doe Me Ovtrtifkt S'-i to 4W% Coll deposit* 4 to 4'.* (M| Q-m Smooth ■ayiaf NUM| Treasury bills 4'. 4 3 month Bank bill* 7»» 7U 3 month CD 74 7H 0 month CO 7 11/16 76/16 Source: National
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7JJ per cent.
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      • Article
        Frankfurt
        34 4 FRANKFURT exchanges opening quotes yesterday: US IJUS/4S Can 1 smm sit umrm DH SBC Str III.SS 112.41 UlllS Fir OS/14 Nkr »Ji n BfrcUiCJM Bfr fla I IS IS Y«l I MS M
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      • Article
        London
        250 4 THE US dollar opened easier in London yesterday as rates were marked down in line with the trend set in New York overnight and the Far East yesterday dealers said. They said there were no new factors in the market and trading was thin. The dollar remained unsettled ahead
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      • Article
        New York
        249 4 THE US dollar in New York on Wednesday drifted lower in quiet trading amid concerns about the US trade deficit report for November due yesterday, dealers said. They said the declines were restricted by apparent Central Bank intervention earlier in the day and perhaps by some New York
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      • Article
        Tokyo
        187 4 THE US dollar for overnight delivery in Tokyo yesterday closed sharply lower at 193.05 yen compared with a 194.30 opening and 195.55 at Wednesday's close, dealers said. •The Bank of Japan was estimated to have bought US$2O to $30 million when the rate fell briefly to the day's low
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      • Article
        Zurich
        40 4 ZURICH exchanges closing quotes on Dec 27: us Mm Stf 3 JB4-2M4 Cu IJHMM Omk S.IMMMM Ftr M.wn-nst DfltlSttSlUll BfrSIUMH Dkr SJM7-MTf Nkr SJUMMI Skr STJM-TNS Ut «.M4-1W Aim Kti aUU-IM Port ISMS.SC Spain 2 30M^an Anro.it-as Yn ajar-om
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      • Article
        Hongkong
        88 4 THE US dollar in Hongkong yesterday was quoted weaker against the yen and continental currencies in late thin trading, dealers said. The Hongkong dollar closed unchanged at 4.7970/ 8000 against the US dollar after earlier weakening to 4JOOO/20, despite news at a rise in Hongkong best lending rate to
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      • Article
        Australia/NZ
        50 4 AUSTRALIA/NZ exchanges quotes yesterday: US (Mar 1138 I.MT7 Sterltaf OJS74 UMT Nitty air mall buying rates: sunt^um US dollar! IIMR NMrdqr forward twytaf rataa: S»«1ta« 4.5715 US dollars 1.15TJ Nt* Zealand Strrtlnc 0 SEt 0.5231 US dollar l.m IMM Ninety-day airmail buying ram: Sterling O.MSt h US doUar 1.1131
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    • Article
      Silver
      215 4 SILVER on the London Metal Exchange was down 0.4 pence on Wednesday. The advance at New York held the afternoon market steady at up to 3010 pence for three mottths. Morning values softened in the initial pie-market reflecting the early trend in gold and firmer sterling against the US
      215 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      175 4 I wfehavea history of making our depositors' savings grow The history of Lombard North Central goes back more than 100 years. So it's really no sur- prise that our steady growth has made us an im- portant name in British banking and finance. Individuals and institutions the world over make
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  • OVERSEAS
    • Article
      Lock icon US must get tough with subsidised steel imports
      448 5 UPI Reuter THE UNITED States must get tough in enforcing its anti-dumping laws if its own steel industry is to effectively compete with foreign steelmakers, said US Steel Corporation president David Roderick. At a Pittsburgh symposium for some 500 steel industry executives
      UPI; Reuter  -  448 words
    • Article
      Lock icon Bend guidelines to meet wage settlements call
      835 5 NYT LABOUR settlements this year may fall within the government's 7 per cent guideline figure as long as the government is willing to bend the guidelines to match the settlements instead of expecting the settlements to meet the guidelines. And that is just
      NYT  -  835 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      750 5 ARRIVALS Service Local Operator Number Tine From PAA PA005 0200 SPO/HKG TMA TL345 0330 BOM/KUL SLA SQ68 0620 KWI/BAH MAS MH601 0700 KUL MAS MH682 0725 KCH S1A SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP
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    • Article
      Lock icon Iran cancels $1.3b contract with Textron
      351 5 NYT TEXTRON INC. announced on Wednesday that the government of strife-torn Iran had formally cancelled a Us|s7s million (SJI.3 billion) contract with Textron's Bell Helicopter subsidiary. The contract was for an ambitious factory complex that would have begun producing some 400 helicopters for Iran's
      NYT  -  351 words
    • Article
      WEST HAS NO PLANS YET FOR OIL SHARING
      204 5 THE PARIS-based International Energy Agency (lEA) has no immediate plans to start an emergency oil sharing programme despite the deteriorating situation in Iran, an agency spokesman said on Wednesday. The agency, grouping 19 of the non-communist world's biggest oil consumers was set
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    • Article
      Lock icon ARABS' LAST TRIBUTE
      114 5 UPI PRESIDENT Houari Boumedienne lay in state yesterday in Algiers, while Arab leaders gathered to pay him a last tribute and his political heirs vied to succeed him. Mr Boumedienne died at the age of 16 after sinking into a coma on Nov 17. He was considered
      UPI  -  114 words
    • Article
      Lock icon Launching of EMS marred by Paris, Bonn row
      182 5 Reuter THE NEW European Monetary System (EMS) may not become fully operational as scheduled on Jan 1 because of a dispute between France and West Germany on the Common Market's farm policy, French government sources in Paris said yesterday. The disagreement is
      Reuter  -  182 words
    • Article
      Lock icon Concorde programme nears completion
      180 5 AFP THE CONCORDE programme, an Anglo-French venture which has proved a brilliant technical success but a severe commercial failure, is rearing completion with Wednesday's flight of its 15th aircraft in Toulouse. southern France. The 16th and last super- < sonic concorde is due to j come
      AFP  -  180 words
    • Article, Illustration
      Lock icon Massive capital for Egypt quest
      272 5 AFP Reuter PRESIDENT Anwar Sadat plans to ask the United States, Japan and West Germany to invest US$3 billion (about 596.5 billion) a year for five years in projects in Egypt, the Cairo press reported yesterday. The newspapers said the Egyptian leader announced the move
      AFP; Reuter  -  272 words
    • WORLD IN BRIEF
      • Article
        LAYOFFS AT STEEL MILL
        532 5 A -vi kki. rolling mill in Dortmund temporarily laid off 650 workers yesterday due to a shortage of materials caused by a 30-day-old steel strike. The mill belongs to the Hoesch group. Two thousand more workers in the Mannesman and Thyssen groups will have to be
        532 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      21 5 SINTAT Rent-a-Car SiNGAPOHt ft' TEI. ***** S C'Ty T I l i -f Call us tor your local c onward reservations
      21 words
    • Advertisement
      Page 5 Advertisements Column 2
      66 5 ANNOUNCEMENT With the expansion of our operations and the greater need for specialisation in the shipping industry, we are pleased to announce that with effect from Ist January 1979, the Shipping Division of the Borneo Co Pte Ltd will be established as: BORNEO SHIPPING PRIVATE LIMITED We can still be
      66 words
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  • Article
    Give more thought to local industry
    362 6 THE LATEST plan to aid manufacturers, the Product Development Assistance Scheme, follows closely on two others, the Small Industries Financing Scheme and the Capital Assistance Scheme. The CAS is aimed at high-technology companies, the SIFS at small companies improving their operations, and the PDAS
    362 words
  • Article
    SIA passes on some flying lessons
    252 6 MANAGEMENT agreements and consultancy services are among the better forms of technology transfer. Nowhere is this method of teaching better utilised than in the airline business. For various reasons, in the past most of that expertise has come from the West and many airlines
    252 words
  • Article
    Ferreting out the rogues of financial disclosure
    2116 6  -  THE LAW AND THE COMPANY DIRECTOR IT IS ALL very well to pronounce that direc- tors must make proper disclosures on the finances of their companies, but dishonesty still thrives. Is it the fault of inadequate statutory provision, the director or the accountant?
    2,116 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      280 6 Getaway to Sentosa For a fun-filled X'mas New Year holiday package Do something completely different this year. Pack up your bags and take off to Sentosa. Then enjoy 3 days and 2 nights of fun and excitement at a first class resort Hotel. This package includes accommodation, 2 buffet breakfasts,
      280 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      59 6 Outlook for Singapore from 6 a.m. to noon today: Isolated showers around midday. Report for 24 boors prior to 1M p.m. en Dee 28 Ike airport: Maximum temperature 30.7C Associated humidity 69 Minimum temperature 23.0C Associated humidity 97 Hours of sunshine 5.95 Rainfall in millimetres 1.8 Total rainfall for the
      59 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      236 6 TiVMIRWDIO SINGAPORE 3.00 Opening followed by Housewive's 705 Matinee Killer In the Dark (re- j M) 755 4.35 Intermission 8.45 6.05 PM Opening followed by Star J. 30 Performance The Collar Jjj 6.30 News in Brief* 6.35 Rendezvous South Pole The Long-! 11.10 est Night* 112.05 Persembahan Ku (repeat)* News
      236 words
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  • Article
    Government purchasing code holds too many ifs and buts
    502 7  -  By CARL HARTMAN IF A JAPANESE twtkbrak manufacturer wants to bid nppUes for the US army, his price has to be fit per cent lower than any American Arm If Us bid is to be considered. If a US supplier wants
    502 words
  • Article, Illustration
    Jakarta prepares for long-term gains
    867 7  -  ECONOMIC ROUND-UP INDONESIA By PAUL ZACH INDONESIA'S devaluation of 33.6 per cent against foreign currencies on Nov 15 was a necessity that may spell a short-term slowdown for the economy in 1979, but could provide a strong base for implementation of its third five-year economic
    867 words
  • Article
    STRAWS IN THE WIND
    377 7 THE JAPANESE love to eat lamb and beef in Singapore because it is so much cheaper than in Japan. These two meats have become such allabsorbing staples that, at a recent barbeque party organised by a Japanese bank, a Japanese banker (in between eating his lamb
    377 words
  • Article
    Untraveling the tourist knot
    714 7  -  FORUM ..with John Drysdale SOME KNOTTED strands of confusion, which need to be unravelled, lie behind that two-millionth visitor episode. I confess I am partly responsible for the confusion, having implied earlier this month in an article in The Straits Times that Singapore would be unlikely
    714 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      424 7 and\ ite up your life atVanda\ I j\f it IIJMI tU |H"Vv|\ ITTKR.ItItI Vim!.! Ktl nU kti t«m aHiiiurt .uxi kI »Imxtv. .il<w ith mi! ii'skUtil (hm Georec& David tOVI KI! r.fMKI! !tt' !T"<|llW N|"|l lVy Extension on New Years eve till 2a m. Free Novelties. \Wn I >M k
      424 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Attention mainly on blue chips
      602 8 TOKYO Source: DBS Daiwa Securities HE MARKET was bullish yesterday with attention mainon medium-sized blue chips ««nd stocks with a favourable lousiness outlook. Most investors took a more JJctive stance. This was bewcause yesterday was the last trading day of the year. The Nikkei Dow-Jones
      Source: DBS Daiwa Securities  -  602 words
    • Article
      Sydney
      361 8 ACTIVE TRADING in the Afternoon session yesterday, with interest mainly on base metal miners and diamond flocks, pushed the share price index up 1.52 points despite an .easier Wall Street close overnight, dealers said. CRA rose 5 cents to $3.65, 'while its Ashton joint venture partner, Ashton Mining, firmed
      361 words
    • Article
      Manila
      162 8 THE MARKET yesterday closed higher across the board on turnover of 31.6 million pesos, unchanged from Wednesday, dealers said. Acoje Mining, Atlas Con B, Philex B, Phil Overseas, Pioneer, PLDT and San Miguel B rose, while Benguet Coo B and Oriental B fell. Baguio Gold, Marinduque B, LandoU B,
      162 words
    • Article
      Bangkok
      304 8 THE STOCK market closed mixed yesterday with losses and gains about equal in moderate trading, dealers said. In the financial group, Ranir of Ayudhaya lost 53 baht to 249, Thai Farmers Bank and Union Bank of Thailand gained 4 each to 368 and 371 respectively. Siam Cement lost 2
      304 words
    • Article
      Lock icon Hongkong
      355 8 Source: SHK Sec Ltd WITH FURTHER pressure on the HK dollar, bringing a per cent increase in prime yesterday morning to 9 1 per cent by the Exchange Banks Association, the market fell sharply in early trade but recovered towards lunch time as a rise of one per cent
      Source: SHK Sec Ltd  -  355 words
    • Article
      Selected Indices
      60 8 FINANCIAL TIMES INDUSTRIALS Wednesday 478-2 Tuesday 478.3 Week Ago 478.2 DOW JONES AVERAGE INDUSTRIALS Wednesday 808.56 Tuesday 818.01 Week ago 793.66 LONDON DOLLAR PREMIUM Wednesday 83'« to83^ Tuesday 83 to 83'/"i H.K.HANG SENG Thursday 500.00 Wednesday 503.70 Week ago 502.23 8YDNEY INDUSTRIALS Thursday 457.80 Wednesday 457.01 Week ago
      60 words
    • Article
      Lock icon Tokyu plans bond issue
      77 8 Reuter TOKYU Land Corp said it plans to make private placement of a 70-miilion-deut-schemark convertible bond in West Germany next February. The Japanese real estate firm said it will be its first external bond issue but declined to go into further details except saying it is
      Reuter  -  77 words
    • Article
      FRANKFURT CLOSES WEAKER
      522 8 EUROPEAN MARKETS FRANKFURT share prices closed weaker on Wednesday in subdued trading, with the thin market accentuating price falls, bourse sources said. In autos, Daimler shed 1.50 marks and VW eased 2.20 marks, while in stores Kaufhof fell three marks. In banks Commerzbank eased 2.70 marks and
      522 words
    • Article
      Frankfurt
      200 8 DEC 27 Dm Aef-Telefunken Akao Alii Leben All! Vers BASF Bay H T Wbank Bay Vbank Bayer BBC BMW Cassella Cbem Verw Commerxbank Conu Gummi Daimler-Bent Degusaa r>ma| Deutsche Bank Dmdner Bank Dt Texaco Dyckerhoff ST A Enka Olanzs Gelsenberj OHH Hapaf-Lloyd Harpener Hoechst r JOB *70 782.00 503
      200 words
    • Article
      Paris
      274 8 DEC 27 Frs CORBE1LLE Air-Liquid* B 8 N Oervais Danone C 8 F (ThomsonCsf) Cle Francalse del Petroles Compacnte rtnanclere Compacnte Oenerale Credit Fancier 386 535 an 140 50 m *84 50 -7 -30 -UJ -1.4 -3 •Li Hachette (Llbralrle) Machine* Bull Michel in (B) Pantos Pechlnejr cifine Kuhlmann
      274 words
    • Article
      Zurich
      188 8 DEC n Francs Actions Sulsses Alusulsse Br Alusulsse Reg. Brown Bowrl Br Clba Oe lex Br. 278 1145 MB 1 25 16*70 1145 unch 25 Clba Oelo P C no 5 Clba Otifj Dm Credll Sulxae Br Credit Suisse Re( Elektrowatt Br Oeorf* Fischer Br Globus Pc Mt ♦2
      188 words
    • Article
      Amsterdam
      146 8 DEC 27 n* aKL. AJVOJd ***** +1 JSSv 2800 amev woo -a* Am fas Am rot Bank 107.90 74.00 >u -04 sr- Bali Borsumij Burhmtnn Byenkorf ZZ 7100 -04 18. SO -05 Calve Delft Dell MU ZZ 132.00 -04 Ennt* Fokker 140.50 2*90 unch 04 Fort Oimrnt Oelder Glatbroc
      146 words
    • Article
      Brussels
      92 8 DEC 27 Fr* FORWARD MARKET 413 3 Arbed 3060 •30 Astur 514 -30 Bructn 416 11 Bru-Lamb 1640 unch Canpar 400 4-8 Cnrfc 438 13 De Beers 190 1 Ebei 2380 unch Electrobel 6810 +80 Ob-Inno-Bm 2530 30 1430 24 Hntek 2906 35 Petro 3230 40 Ryl Dutch 1800
      92 words
    • Article
      Milan
      106 8 DEC 27 Lire AnU* 35 ti5 Assoc Gen ***** -190 Bastofl 406 -4 CentraJe 4295 -10 Flat 2790 -45 FlnskSer 136 -0 75 Oen Immob 08 -1 in p«i 2319 -30 I tal cement! ***** 20 I taigas 750 8 Itfliktrr 307 -7 Magneu M Pf 512 -2 Marelll
      106 words
    • Article
      CHICAGO BOARD OPTIONS
      1538 8 On December 27 TRADING on the Chicago Board Options Exchange slipped to 134,752 on Wednesday from 143,140 on Tuesday. OPTION JAN APL JLY STOCK Alcoa UNTRD UNTRD NOL 4* Alcoa 4 3 3/8 53/8 UNTRD 4* Alcoa V4 IV* 3 3/4 Alcoa 9 UNTRD UNTRD UNTRD a
      1,538 words
    • Article
      Declining dollar sends prices broadly lower
      1271 8 NEW YORK THE deteriorating Iranian situation, a lower doilar, profit-taking and other technical factors sent stocks broadly lower on Wednesday in moderately active trading. Analysts said the market also felt the influence of yearend tax selling, portfolio switching and continuing concern over higher interest
      1,271 words
    • Article
      Jo'burg
      308 8 DEC 27 Rand INDUSTRIALS A Alpha Abercom AE And CI AMIC Barlows au*, Currte Finance De Beers Ind Edcon 128 210 335 1200 «S 530 180 as ZZZ 280 3800B J ♦5 -J 10 -5 10 -10 Eve ready Fed Vole Fuflt Oardlan Olenanl Oratemn Hippo HI veld HuletU
      308 words
    • Article
      Toronto
      303 8 THE TORONTO stock market closed lower on Wednesday in fairly light trading following last week s rise. The composite index was off 2.7 points but gains led losses 182 to 157. The gold index rose 31 points on small volume, with Dome mines up four to 190, Campbell Red
      303 words
  • Page 8 Advertisements
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Options industry changes in the offing
      417 9 Reuter CHANGES which could have far reaching effects on American securities markets are in the offing for the options industry next year, according to interviews with exchange and brokerage firm officials. They said the key may be provided when results of a special US
      Reuter  -  417 words
    • Article
      Lock icon NCR takes a big technological step forward
      660 9 N.AMERICAN NYT THE NCR Corporation's recent announcement that its new line of large business computers would use 64,000bit random-access memory chips signalled the crossing of a threshold in mainframe computer memory technology, a tact that probably causes the eyes of most noncomputer laymen
      NYT  -  660 words
    • Article
      Lock icon Dividend heavyweigh the Dow excludes
      635 9 NYT INTERNATIONAL Business Machines, which has not been part of the Dow Jones industrial average since 1939, is of greater significance in terms of dividends than two-thirds of the Dow's 30 stocks combined. Consider these elements, which became known with the latest increase of IBM's
      NYT  -  635 words
    • Article
      Lock icon Mobil Corp abandons test well
      481 9 NYT IN WHAT amounts to the biggest disappointment yet in the search for oil and gas off New Jersey, US Mobil Corp has announced that it is abandoning its first well in the Baltimore Canyon after tests had uncovered no significant quantities of either. Mobil
      NYT  -  481 words
    • Article
      Lock icon Texaco foresees better results
      106 9 Reuter DEUTSCHE Texaco AG expects results this year to be better than in 1977 when it earned a balance sheet profit of 660,000 deutsc he marks on turnover of 5.67 billion, management board chairman Otto Ritter said in the firm's house magazine. However, the firm does
      Reuter  -  106 words
    • Article
      Fiat may invest
      88 9 FIAT SPA group said it is considering an investment of US$l5 to 20 million for the construction of a foundry in the United States to produce aluminium engine castings for the North American car industry. The investment would be made through Teksid, a wholly-owned American subsidiary. Teksid
      88 words
    • Article
      Kloeckner looks to better years
      356 9 EUROPEAN b 4 KLOECKNER-WERKE, the West German steel maker, believes the downhill path of recent years has been ended, with signs of a slight turn for the better and prospects of a return to profitable working, according to the chairman, Mr Herbert Gienow. Commenting on
      356 words
    • Article
      Lock icon Cibie-Toyo deal
      70 9 AFP FRANCE'S Clbie company will supply 12,000 anti-fog motor headlights a month to the Japanese firm Toyo Kogyo, makers of Mazda cars, Clbie announced. They will be fitted to the 260 and SO Z models sold on the Japanese market. Cibie signed an agreement with Toyo Kogyo last
      AFP  -  70 words
    • Article
      Lock icon Isuzu expects net profit to fall
      249 9 Reuter ISUZU Motors said it expects its net profit in the year ending next Oct 31 to fall to 10.90 billion yen from 13.43 billion in the previous year, on estimated sales of 575.0 billion yen, slightly higher than the 572.39 billion of a
      Reuter  -  249 words
    • Article
      Mitsubishi wins order
      75 9 MITSUBISHI Heavy Industries said It has won a US$3.l million order for four axial flow fans from Basin Electric Power Cooperative of the United States. It was the second order of fans from an American utility firm, the Japanese company said. The order came through Cemax of
      75 words
    • Article, Illustration
      Ashton diamond find in W. Australia
      757 9 r 1 ASIAN h i Ar iEK a search that began in 1972, Ashton, a joint venture headed by the large mining group Conzinc Riotin to of Australia Ltd (CRA) found in late 1977 diamondbearing kimberlitic deposits in the Kimberiey area in the far
      757 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      343 9 The life] Library Of Photography h *4 ik 1 The Life Library Of Photography Eac/» volume measures 10'/< 70'/4 inches (26 x 26 cm). Hard cover, silver stamped black cloth binding. 240 pages. Approximately 300 illustrations, many in tull colour. helps you to see great picture possibilities -all around you...
      343 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      897 10 SECTION ONE INDUSTRIALS Acma (1) 2.08 Allied Choc (1.00B) BAT (1.558) (2) 1M (4) IMCD B«a (0.638 0.648) (2) 0.82 W (4) 0.63 Berjaya Kawil (167B1706) (1) 2.07C81 BowUtd (119B)XD Boasteedeo (1.778) (1) 1.77XD C C (S.IOB 5.155) (1) 5.10 (2) 5.15 CD CCM (4.788) (8) 4.76XD C
      897 words
    • Article
      Stock options
      59 10 -Striking priccs of the options officially listed on the Stock Exchange of Singapore, the I ■■-In rl -1 n#f i il m■l it period, dmis im ofrerw prices and hi nine— done yesterday with the number of option* traded Aon in brackets. AMm Dartr (Dec 12.80) 0.1 l
      59 words
    • Article
      Government bonds
      135 10 BONDS 4 l/t% 1/8/88 (MUM) (MX7B WJB8) 4 a/4* IMttt (MM) (M-578 •MSB) ft* 1 ft/4/81 (MM) 6% T V l/ft/88 (MM) (100.MB 100JB6) S/4* T P 1VM144 (MM) (10BJ0B) ft* t p ia/ii/»4 (MM) (*****8 *****6) 7* 1 ft/4/80 (MM) (100.1 SB 100 JOB) 7* 1«M (MM)
      135 words
  • Article
    Unit trusts
    129 10 HNGAP MBimRRUT moons mm D DMT TV Savlag prtm tar Dae T* 206 MX fund L2T LB Income Bond Ins) Lll L S pore Pro* Fund 0.91 Ml S pore Sec. 1 "Uod LOT L7T S'pore tnvee UU rand 110 L3T inffTTtur maoa mora lAivm tar Dm ■'frtawkr
    129 words
  • Article
    SHARE INFORMATION SERVICE
    2556 10 w 1978 Gr'« Gr's Net s Last i Div Div YH P/E Vol Day High Low Company Sale or- Cvr (TOO) High Low I SECTION ONE t INDUSTRIALS 272 132 Aetna 308 unch 12. ON 15 X7 2X6 1 308 308 238 123* Alcom 234 10.0 X2
    2,556 words
  • Article
    In Kuala Lumpur
    1474 10 IMOWOTIIIAU (1 938 2 208). Alcam il> 1.07 <Jl) 9V (2) I.**. A dm (1 11B). AMD (0.600). Bata (25U8) Ban (003H out) (1> 004 < I) 0 «3l (2) 0.02. Kaatat (2.748 J 7tt) <l> 73 <•» 2.70 CRI. ■•MUM (2258 2 3(H) (0) 2 25
    1,474 words
  • Article
    COMPANY MEETINGS
    198 10 nugtm Tm IM: agm to be held at 70, Jalan Ampnng, Kuala Lumpur at 2J0 pm tomorrow. KWsgliB Tim LM: AGM to be held at 70, Jalaa Ampang, Kuala ljimpur at 2J0 pm today. Mnlnjmn Ptar Mb Mi: BOGM to be held nt the Seminar Hall of Malaysian
    198 words
  • Article, Illustration
    Rise in HK prime rate dampens sentiment
    421 10 SBABK FBKEB dpaed a Me Imw 8t tke Meek Frcksagw sf |f paterday aader Bgkt settjag pw—w. tog Ib tke week •««■«< BMpBliB< Mi fftaw leadfeg rate. The to run i of 1.71 per eeat to M per eeat is tke 1J lTil
    421 words
  • Article
    Prices close mixed in dull trading
    400 10 PRICES finished in a mixed note in sluggish trading at the Kuala Lumpur stock market yesterday. There was no urgency to deal and market operators merely marked time while waiting far fresh incentives from overseas markets. However, there was none forthcoming. Instead, renewed concern
    400 words
  • LATEST RESULTS
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  • COMPANY NEWS
    • Article, Illustration
      Three-fold rise in profit at Malayan Credit
      952 11  -  By MANO SABNANI FORMER. STOCK market highflyer, Malayan Credit is making a determined effort to recapture some of the glamour it once held in the boom-or-bust days of 1973-74. For the first six months of its financial year to end March 31,1979, the
      952 words
    • Article, Illustration
      KLK turns in better than expected results
      1100 11  -  By ARTHUR NG CONTRARY TO expectations, Kuala Lumpur-Ke-pong finished the year to Sept 30 with better than anticipated results, putting the group firmly on the growth path which at the half-way mark appeared threatened by the dry weather which had hit the interim
      1,100 words
    • Article
      HOLD EGM TO RATIFY LAND SALE, KLSE TELLS BOVIS
      1166 11  -  By SUSAN BEVAN THE KUALA LUMPUR Stock Exchange is determined that Bovis SEA should hold the much debated extraordinary general meeting to approve its recent land sale before the middle of next month. This is despite the fact that Bovis is
      1,166 words
    • Article
      Depressed market drags MTI into the red
      505 11 REFLECTING the depressed world textile market last year, Malaysia Textile Industries (MTI), one of the established export-oriented weaving-cum-garment firms, suffered a severe setback for the year ended June 1978 after two years of smooth sailing. As anticipated by chairman Dato Tan Peng Khoon,
      505 words
    • Article
      DIVIDENDS ANNOUNCED
      480 11 Curreat Ex Books Data Total for Total for Payaieat Data Cloae Payable tbe year Previous year PMRI 10*1 Dec 4 Dec 14 Dec 27 10* 25* M U 1 5*1 Dec 13 Dec 28 Dec 28 5* MalakofT 7-5*1 Nov 29 Dec 11 Dec 29 75* 11X5* SEAL
      480 words
    • Article
      SCRIP ISSUE
      221 11 Coaptiy farticwlars Ei Date Books Close S'pore La ad Synthetic Resins Fad-Cables G Ceramics Setron Rahman Hydraulic P. Products Berjaya Kawat M B 8 C A C STP (1#7B) Toshiba Rights Issue of 1 for 3 fe $1.40 per share Rights Issue of 2 for 5 t *1.00
      221 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      58 11 a bettertastiiig scotch at any price. AH over the world. people appreciate the extraor superb Passport blend. And it* this exceptional dinarv taste of Passport Scotch. Because we use taste that causes people in 107 countries to chooae the Finest whiskies from Scotland to produce the to |[o first class—and
      58 words
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  • Article
    Direct dealing between Chase and Bank of China
    184 12 CHASE Manhattan Bank has established a direct commercial banking relationship with the Bank of China, Chase chairman David Rockefeller disclosed. The only other US bank to have a direct correspondent relationship with the Bank of China is First National Bank of Chicago.
    184 words
  • Article
    NEW WAY TO PAY TRAINEE TEACHERS
    131 12 -The Institute of Education *is to replace the present cadetship teacher training scheme with a new teacher-intraining scheme. 2? The scheme, an attempt •by the Education Ministry to improve the terms and conditions of service, will be effective from January. Under this system, trainees
    131 words
  • Article
    Lock icon Banks three-prong plan for Red sales
    659 12 CHINA-JAPAN TRADE NYT TOP JAPANESE banks and other financial institutions are slowly evolving a three-part strategy to make massive loans to China to finance rapidly expanding bilateral trade, according to sources in Tokyo related to Chinese trade and banking. China has yet to borrow
    NYT  -  659 words
  • Article
    New order for armed forces
    465 12 THE BUILD-UP of the Singapore Armed Forces is practically complete, and future efforts will aim at upgrading the quality of personnel, Defence Minis-" ter Dr. Goh Keng Swee said in a policy statement released yesterday. This will mean a more efficient allocation of labour resources
    465 words
  • Article
    Priority for road safety
    388 12 ROAD SAFETY and drug abuse are to be the major concerns of the Ministry of Home Affairs next year. The plans for dealing with these and other priorities over the next few years were outlined by the Minister for Home Affairs, Mr. Chua Sian Chin, in
    388 words
  • Article
    Captain denies oil pumped into blinker tanks
    301 12 THE CAPTAIN of the Greek tanker Spyros denied at the official inquiry yesterday that he or any of the other officers on board had pumped crude oil from the cargo tanks to the bunker tanks before the vessel arrived in Singapore. Capt. Peroullis
    301 words
  • Article
    LONDON STOCKS
    702 12 LONDON, Thurs. The market moved lower 011 small selling interest and at 3 p.m. the Financial Times index was down 5.2 at 473.0. Sentiment was undermined by the threat of a UK petrol tanker drivers' strike and the crisis in Iran, dealers said. Falls among leading issues ranged
    702 words
  • Article, Illustration
    Lock icon Pipelines dry up in Iran
    394 12 Agencies OIL PRODUCTION eeaaed ta Iraa yesterday, the state radla aaaaaaeed, as dilwi deoMastrattoaa MMM ML The hrsadcast atae saM IS af Tehraa's IN petrsl stattaas elssed alter raaaiag eat «f fael, aad that the Beaate win hsM a special sesrtsa tiairriw to review the
    Agencies  -  394 words
  • Article
    Higher prime has little effect
    146 12 HONGKONG'S fifth rise in the prime lending rate this year yesterday has little immediate effect on the local foreign exchange and stocks market. The Exchange Banks Association announced the increase, from 8.75 per cent to 9.50 per cent. It takes effect on Jan 2. News
    146 words
  • Article
    Carter's bid to balance budget
    432 12 PRESIDENT Carter's 1980 budget will aim at an overall spending increase no greater than the rate of inflation despite a sharperrise in military expenditure, White House soures said yesterday. An increase at the rate of inflation would represent no increase in real spending, or the
    432 words
  • Article
    Food prices still rising
    285 12 "THE HARVEST is past, the summer is ended, and we are not saved." (Jeremiah) The Old Testament prophet might Just as well have been assessing the current state of the US biggest industry, agriculture. After three record harvests of basic foodstuffs corn, wheat and soybeans food
    285 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      132 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are quoting the following for Singapore Dollar terrr deposits up to SS2SO 000 1 month 5?«% put 3 months 6'/«% pj. 6 months 6V4% p.a. 9 months 6%% p.a. 12 months 6'/!% p.a. Savings p.a.
      132 words
    • Advertisement
      Page 12 Advertisements Column 2
      81 12 Baring Brothers Co., Limited announces that from 29th December 1978 its merchant banking services previously conducted through Baring Sanwa Limited are provided by a subsidiary Baring Brothers Asia Limited Hong Kong office: 806 Gammon House, 12 Harcourt Road, Telephone 5-*****6, Telex ***** BBAHK Singapore office: 505 Ocean Building, Cotlyer Quay,
      81 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Freight rate hike threat
        41 13 AFP SHIPPING conferences covering trade between Europe and India have given notice that "serious delays" to their ships, caused by port congestion in Kandla, could make necessary a surcharge on their freight rates unless the situation improves.
        AFP  -  41 words
      • Article
        Lock icon Jeddah dry dock
        46 13 AFP SAUDI Arabia has decided to build a dry dock in Jeddah, the Qatar News Agency said. The Saudi Arabian daily newspaper Okaz, quoted by the agency, reported that the project would cost 700 million rials and be completed in two years. AFP.
        AFP  -  46 words
      • Article
        Lock icon Dangerous cargo
        70 13 Reuter DOCKERS working under the close supervision of Are and chemical safety experts unloaded an Iranian ship in Liverpool on Wednesday after tons of dangerous chemicals had leaked across its decks. The 12,000-ton Arya Tab made an emergency docking at Seaforth Harbour on Christmas Eve after 22 tons
        Reuter  -  70 words
      • Article
        The MS Tarago
        71 13 SCANDINAVIAN Middle East Line (Scanmel), operated by Wilh. Wilhelmsen Shipping Company and Brostrom's Shipping Company, Gothenberg, will set the roli-on/roll-off MS Tarago into trade to West Asia from next month. Up to now, only containerships and conventional liners have been serving this route. The 21,800 dwt MS
        71 words
    • Article
      KIV for steel container plant plan
      534 13  -  By RAHIM KASSIM A JAPANESE warehousing and transportation conglomerate, Suzue Gumi, has temporarily shelved its plan to manufacture steel containers in Singapore after conducting a market study here. The study indicated that the time is not appropriate because the market here is relatively small.
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    • Article, Illustration
      NOW SHIP IS A BULK CEMENT CARRIER
      161 13 THE HAIXJBUBTON Ml BMpyard ii uIIj a ea2 ptoMy aihrat ship alter geiag ini> art—lt* refit pngrMMM at the yard. Ike 74® dwt geaeral earn tcml, earned fey Battkartea Lid, was esaverted at Seaihawaaf Me a baft eeaMat eavrier. Ike eeaverslea wark was
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    • Article
      SHIPPING LIST where your ships are due ... and when
      2797 17 SHIPPING LIST where your ships are due and when SCHEDDLE 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
      2,797 words
    • Article
      INDEX
      573 17 SUyplai Um Page Cat Aconas n s ACS n 5 AIM IV 3 Aguila IV 2 Alpac IV 5 Altrans Express V 2 Angkutan IV 3 Anhsing IV 3 ANL I 1 APL m 2 Arya Nat n 5 ASCL m s Asia Merchant m 4 Atlas V 3
      573 words
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      Container Schedules
      991 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (l) Each vessel's estimated time of arrival is advised by the Shipping Line Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to th< Authority's premises during the
      991 words
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      Who acts for whom
      928 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Acooas Sdn Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN)—Unipacific. Alpac Line—lntrasea
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    • Article, Illustration
      Heavy going for such a vessel
      768 18  -  By GOH ENG KEE NEW considerations ranging from political changes to overtonnaging in other industries is beginning to slow down the expansionist tendencies in the heavy-lift trades. It has also resulted in a number of companies curtailing their newbuilding plans. The first and foremost
      768 words
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      Lock icon London freight
      203 18 UPI CESSATION sf Iraalaa sil experts severely tonpntl ell rales and wwd fears that esmtatned tonnage weald again tars to the dry earge market Has, large balkers had to accept «atto sties Me redaettoas la rates paid far forward tehia Sack was very dear la the acceptance si
      UPI  -  203 words
    • Article, Illustration
      SHIPS IN PORT
      314 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Mas (1300 after Bunga Bindang) 18 Feng Guang (after Tema) 6/7 Keiyo Maru (2358 after Songkhla) 31/32 Koyo Maru (0800) 44 Lumut (1800) 21E Nedlloyd Amsterdam (1300) 3/4 Perak (1400) 21E Primera Peak (1900 after Tasgold) 42/43 Songkhla (0600 after Tadeus
      314 words
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      394 13 Scan Dutch V Fast and Regular Service To/From N.C. /SCAN W.MED./U.K. t x Singapore Tel *****1. PortKelang Tel *****1 Kuala.Lumpur Tel' ***** Penang Tel ***** m A RI) I\ 1 WIAH SAI Orient Overseas CcwlcjMeA Line rvrrr wm FULLY CONT MOUSED TO/FROM US NEST/EAST COASTS. PfVW (STRAITS CARGO VIA FEEDER
      394 words
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      Page 13 Advertisements Column 2
      208 13 All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE' S pore Loading for BNJUBAYR 5/1 9 Spore Loading for Jeddah, Hodeidah, Aqaba Jeddah, Hodeidah, Aqaba Jeddah. Hodeidah. Aqaba OALOtt SMFTM6 AfiENCG (lUf. No. 242K5/00C) 3» FLOJ* MAMNA HOUSE SMGATOftE 2 TEL
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      381 13 NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: S con P Mum f tto* Htft tarn HAr| BfW A'atrp M CMKBr rim 1 fil 1) 1m 111* 211* 22 la 71 tM 25 Ai OBMOn. llm UAi 24 tm 21k* 271 m 21 Im It Im INk UMB UAi 171 m
      381 words
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      Page 13 Advertisements Column 4
      415 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 ***** fm U S PaoSc. i* I Adaate aad U* Capa (tow acta** tor Hi FULL* CONTAINS W2ED FAST DIRECT MEEKLY ■Ikh IBz^V IE il,i i
      415 words
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      654 14 Hapag-Uoyd FULLY CONTMNEMSED TO EUROPC S'p»a Flte| NWf Blow* IntfpMl Bay ttunarv Mam flume? Maru Haffibwf Eiprew Bremen Eijxeu Mwo Kan Benaldet Carif an Bay Dty <* Ednkwfk Oufca Bay 13/2 15/2 rm t*/7 14/1 18 1 »/i a/i l«/ 2 12/2 21/2 22/2 24/2 2S/2 1/3 3/3 «/3 10/3
      654 words
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      377 14 Tiprtor t» 12 H/1 31-1/2 >10/1 23-24/1 Stmu i i*is4u MPRfSS ARABIAN AND (BANIAN POP JS J SOa-CONT WO SERVICE oovt-uft capacity no tons) To: DUBAI. DAMMAM. BMDM SHAfOUR. KUWAIT. KHORRAMSHAR. ABU DHABI. BAMRJUN TAMANO Voy 3A. Singapore ton 4 TORRENS Voy. 2tt- Singapore Feb 3/4 TIOS Voy. 1A Singapore
      377 words
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      703 14 I I EVERGREEN LINE <■ VERGfIEEN VARINT ORPORAT .JN FAR EAST/RED SEA, 1 EXPRESS FULL CONTAMER SERVICE ALSO ACCEPTHG CARGO FOR GENOA. LATTAWA. BE RUT ALEXANDRIA. BENGHAZI. TRIPOLI (LIBYA) r*r* 'MM Par! Ui Ummt lafhan Fa. [m M—<r »Ma J* Me 29 1m 13 Ma 27 Jaa a JMt »fj"
      703 words
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      849 14 I v\ Everett Lines Plyo Slsc Corpn "BURMESE NATIONAL LINE' umbos fob inmn B FS S C Agents mi Malays* TEPS MALAYSIA Port Ketang Tel (38) 7355 Penang Tel *****/***** MM h n PATAGOM ARGEMTRM 9/10 FM 11/12 Feb U/MM *Sab»ect I* inducement CtA Transportsdon Mtritima Mtxicana S. A. V"**
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      Page 14 Advertisements Column 5
      647 14 isi SANKYO LINE AUSTRALIA SERVICE P. Kaimc Sacapart load*« Sited I* Part SVD. MFI T«U STM MAYSKT DIAMOND STM SaM In Pari SYD. MEL h Part GERALDTON. ADO. '/ll* 4/ 5 Jan SVD. MEL. MEL 14/11 Jan 11/13 Jan MS. SVD Ma. BANGLADESH SERVICE GENERAL AGENTS CONTAMER BOOKMG LOAD AGENTS
      647 words
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      600 15 QCL Overseas Containers Limited COWTAHBHT SERVICE TO UK/COWOT: Iran tone Ston rwm Spore UUt nmtmtUmtu JalM bM SaM MM 21 Ok MOk WHS taßtW" hM SaMd faM UM faM «la tlm ML KS TMr*br IM MM M bM MM 7Mi IKK. HI U Una Mr* MM MM MM MM 13
      600 words
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      704 15 GRANARD LINE RELIABLE 1 OCPEMMBLE NON-CONFERENCE EXPRESS SERVICE WIST Aft EAST/tEMTEMANEAN HI. MM MM lit*. MV. MM FUNG Vil»_ H* MAM 111 ¥22* S'pn PJlataag Phm| Dfbouti P Said Aleiiandria Beirut lattatua Pwnu/Tnpoti/BmcNm taddife/P Said/AJeiandria, limassol Beirut LaflaAia Pireauv Tripod Benghaii Istanbul Dpbovto, MM/f.Sal/ Ataiiandna Beirut lattakia/ Pirea»/Tr*ok/Bengliaii/ Mi KISSELS
      704 words
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      530 15 nny BEN LINE CONTAINERS coHTJwp amct to/from europc FMMOMOH H BURG BHAVtN R OM! HAVUE SOlOt. *> Germany Austria Benetoi France MUK P ketone Spore Fir Hanbw| Eiprets SjM SaM SM SjM MM kNrt M/ 12 ML T«n arm Eiprru SjM SjM SjM SjM SjM 4/1 4/1 Ml Tan Tikr*
      530 words
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      613 15 Scan Dutch V YM T i r_WI •W Feeder tH P UW| *5» ■Mb mm acta** W|» Ib Ctaaa Ah a/12 12* Iwt EASTBOUND FROM MED/UK. CONTINENT/SCANDINAVIA 1) CM»I 7) tfhKf 3) Iw. 4) f«a> J) UN() Waits P totan* S tore I) Mi WitlUkn. 0* M* 2) Mm J)
      613 words
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      579 15 UJBM GUTHRIE BOUSTEAD agencies THt BANK LINE LTD. LOADS FOI E. ft 1. AFBCA (i pi. i a/a tm sun a/a i* LYKES ORIENT LINE EXPRESS SERVICE DKECT FROM SMGAPORE TO NEW ORLEAKi. MOHLE, HOUSTON. 6ALVESTON ALSO AC CEP TUG CARGO FOR BANGKOK. MANIA. TAIWAN. HONGKONG PUSAN AND IVAN PORTS.
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      852 16 K LINE KAWASAKI KISEN KAISHA. LTD. B9EEB3BSSBIB (VIA SUEZ ky CMamr TO EUROPE Kelang I Havre |la It lan 20 tan I|m 2t tan 27 In il* 2 Feb 3 Feb I tan Fife "f* H btifj Bremen A P 22 lan 23 tan 25 tan 29 tan 30 lan
      852 words
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      Page 16 Advertisements Column 2
      789 16 CALFOMU/PACFK NORTH WEST SUVKE LaaMg tar 10$ ANGELES. SAN FRANCISCO. SEATTLE. TACORAA. VANCOUVER. B C Penang PWm Singapore I Angetes VGMM MAOHURT 2/ 4 laa 5/ 7 ton 810 ton Met AUSTRALIA SERVICE 10—8 Hi Srd MM AM 19/21 to* 22/23 tm CONTAINER SERVICE LOAMK FOR Cateutla C Gong. Calcutta
      789 words
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      Page 16 Advertisements Column 3
      517 16 w A(ipuup SINGAPORE SHIPPING AGENCIES PTE LTD "J Sfr si \(lAPORI: ISL 1 \/AS Voi S**apa«* PMa*| Peimn Laatog tar. 1* J/171- Dm BUM M 11 Ma. Bakra* ll— DSR LINES fast se»conta»ei sonna Spore P Ktof Pana* Riant kwvg H tw| Host 4/5 to 4/ 4to *to 2 Fak
      517 words
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      Page 16 Advertisements Column 4
      661 16 /Mutate tNTfHNATIONM SHIPPING CORPORATION Of*MAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVI ROTBOWP: tot Ou»tot fr 1) OacMam. toaaa. 2) hMft W»1. L totrt. Mk Oato 18. 3) Iwu •ka»fc| Inn carp tm tmtm m S'pn I) Gbuff 2) Hbw| 3) l»t» 4) Rdam iIUH P Ketone Sport TOYMM Sited Sadtd
      661 words
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      Page 16 Advertisements Column 5
      813 16 INTRASEA (PTE) LTT F abet House 234£ Orchard Roac! Smqauo'e C Telephone 2 1 *****' REGULAR nOBKM SEM/FUI CONTAMER SERVICE TO S part P M«| Pram laaMn tar tan Mtoc II ten H b«( BonUfnt 27 tan 21 tat 8!■ 11. Hw Batwrtai .»tw» 21 FM 17 Ftk T< Am
      813 words
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      146 17 EGYPTIAN INTERNATIONAL LINE (Ell EGYPTIAN Fl AG FAST MO WRECT UNER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) store' n m ram n sab mo hall I U Fik 1 DSII f*» In 21 Ml F* 23 Nfe 21 M» 11 Mm It MM TRAMS CARGO PHASE CONTACT SODMEI SMAPORE GENERAL
      146 words
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      Page 17 Advertisements Column 2
      236 17 g Seatrain FuM Container Service to USA OM u SJIF E/C 29/12 Imtm 39/12 »J3 VI te*M l/l C*m> ¥59 7/1 »/l 23/1 1/2 5/2 IC/I 4/2 2/2 11/2 15/2 FuM Container Service from USA wna *a i/c gult om u w rm» vs. store 21/11 29/11 3/12 7/12 25/12
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      Page 17 Advertisements Column 3
      230 17 VJWvSAM ICR LINES 4" jo service FROM KOREA/TNMM/HONG KONG TO SMHTOK Inchon Busjfl Kectun| HKong Spore SMI EUN. ¥.23 11/19 DK 21/22 DK 2«/29 DK 3/4 Im SAM KOOK V.53....25/27 OK 29/31 DK SAM DONC V.23.... 14/15 IK 17/19 IK 5/1 IK 14/15 IK 24/27 Ik 2/3 Ftfe KORINS MARITIMF
      230 words
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      203 17 $£«r £aat pre** igtd WEST BOUNO 10ADWG FOR MUSCAT. DUBAI ABU DHABI. BAHRAM KUWAIT ETA ETD Al PAHAI VS4W II JM 19 Jan CONFDENCE EXPRESS VKN U Feb 12 Feb Al FARAJ VS4N CONFDENCE EXPRESS VKN EAST-BOUND DtSCHARONG ONLY FEXI GLORY VtlE EASTERN ENVOY VtJE 14 lan 16 lan 25
      203 words
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      Page 17 Advertisements Column 5
      118 17 NOTICES #1 ».v. -VIBHVA VOY: 16 arrived 24th December, 1(7), at P.S.A. Oodown Nos 42/43. General Survey of damaged cargo ex the above veaael will be held on Tuesday 2nd January. 1979, as from 1.00 am to 500 p.m. No further survey will be held after this date. Agen till.
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