The Business Times, 5 January 1979
1979-01-05
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The Business Times
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Title Section12 1979-01-05 1 BUSINESS TIMES M.C.(P) No. 141/1/ IS FRIDAY, JANUARY 5, lfTf 50 CENTS12 words
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BRIEFLY...
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Article67 1979-01-05 1 AFP LONDON, Thur. Discovery of vast oil reserves in Mexico means a fundamental change in the western hemisphere power situation, the business magazine "Economist" suggested today. The change is so big and so new that neither the United Sates nor Mexico has really understood the implications, it said,AFP - 67 words
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Article54 1979-01-05 1 Reuter CANBERRA, Thur. The Australian government will introduce legislation this year enabling it to make anti-trust judgements by foreign courts unenforceable in Australia, AttorneyGeneral Peter Durack announced here. The government believed the risk which some anti-trust judgements of foreign courts presented to the national interest made theReuter - 54 words
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Article63 1979-01-05 1 AP TEHERAN, Thur. Iranian oil workers did not respond immediately to a call from Ayatullah Khomaini, the Shah's self-exiled chief religious opponent, to produce enough oil to guarantee domestic needs, National Iranian Oil Co. officials said. Meanwhile, sources said the newly-appointed Prime Minister Shahpour Rairhtiar wouldAP - 63 words
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Article74 1979-01-05 1 Reuter HONGKONG, Thur. Chinese Vice Premier Kang Shien met an American mission from the US Steel company and reaffirmed China's desire to import more advanced technology from foreign countries. Mr Kang told the American mission, led by US Steel's President David Roderick: "If we want to doReuter - 74 words
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Article56 1979-01-05 1 AFP LISBON, Thur. The Portuguese cabinet last night refused to authorise the crippled greek tanker, Andro6 Patria, to transfer its remaining petroleum to other ships in the waters of Portugal's economic zone of the Atlantic. The government ordered the 218,000-tonne tanker to be towed out of PortugueseAFP - 56 words
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Article69 1979-01-05 1 AFP BARB ETON, Thur. Instant wealth came to a poor black family at Kangwane township here this week when their youngest son discovered one of the largest gold nuggets ever recorded in South Africa. The boy, who police refused to identify for the family's safety, dug upAFP - 69 words
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Article54 1979-01-05 1 UPI NEW YORK, Thurs. Stocks pushed broadly higher early today as the dollar rose on foreign exchanges. Trading was active. The Dow Jones industrial average, which gained 5.97 points yesterday, was ahead 3.73 points to 821.11 around 11 a.m. Advances led declines, 786 to 252, among the 1,468UPI - 54 words
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Chief Price Changes
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Article128 1979-01-05 1 Rises Most Active Lower Per** 310 86 S Darby 289,000 O C B C 80S 25 C C MS 25 H Par 248,000 Oentlngs Kuala Sldlm Perils Plant 324 14 F Merlin 196,000 22S 233 14 13 Consplant 96,000 Esao 380 12 Total Turnover: 3.44m High li128 words
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Article, Illustration137 1979-01-05 1 Rises Most Active S Trading 610 A Amal 500 Dunlop Ind 450 Sg Besi 655 OCBC 815 L Perak 324 Tan Chong 294 DBS 416 FAN 510 Perlis 242 Glenealy 176 Boustead 243 Falls Malayan Tin 1240 Petaling 660 25 18 16 15 15 14 12 12137 words
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Article277 1979-01-05 1 SINGAPORE Airlines carried the highest passenger load among the world's regular scheduled airlines in 1977. Tnis was revealed by Outlook, SlA's house journal which published a comparative survey on load factors carried out by Interavia, the European aviation monthly. The survey shows that SIA277 words
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597 1979-01-05 1 SOH TIANG KENG - By SOH TIANG KENG SINGAPORE Airlines will spend $4 billion within the next 5 years in massive investments in aircraft, ground equipment, computers and properties. It will be the airline's biggest investment over this relatively short span of time. SIA will borrow $2.2 billion from597 words
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Article122 1979-01-05 1 THE SWISS National Bank said yesterday it lost 4.4 billion francs (555.9 billion) on its foreign currency holdings last year because of the dollar's decline. At the end of 1978, the bank's foreign exchange reserves, held mainly in dollars, amounted to 28.98 billion francs. The bank based its122 words
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Article735 1979-01-05 1 RONNIE LIM - By RONNIE LIM ENGINEERING work on Singapore's |2 billion petrochemical complex on Pulau Ayer Merbau is to begin early this year. Industry sources who revealed this yesterday, said that there is a possibility that the pre-construction engineering work may start as early as February or735 words
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229 1979-01-05 1 A LEADING iipiniw money broking firm Is plMilig to set ap a branch office la Singapore. Tokyo Forex Cempaay Ltd, the foreign exchange broking subsidiary Tokyo Tanshi KK, will be the first Japaaeoe money broklag Una to do so. It will229 words
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501 1979-01-05 1 TOTAL assets of the Asian Dollar Market are growing at a faster pace and at end-1978 could well exceed US$26 billion. The growth rate promises to be about 25 per cent for 1978 which is about 4 per cent better than in501 words
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Page 1 Advertisements
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Advertisement6 1979-01-05 1 COPIES ANYTHING. FITS ON A TABLE-TOP.6 words
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Advertisement118 1979-01-05 1 ACBC Your key to International Trade 10 > Singipo'c K .>1 j If your business is import/export and the world is your market,, you'll need the services of a bank with the international capability to handle your business dealings efficiently and with a minimum of fuss. At we offer you118 words
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Advertisement36 1979-01-05 1 SHIPPING TIMES Prectofc pl>«i to PEOPLE la bwtoM 2 MALAYBIA attracts tope mare foreign hrvwtomt S YEO Hfep stlQUii pre-tax profit DATE tor B»vfa fixed 11 11 AO S, ADMXAPT SCHEDULE i, T? tL U. Jul36 words
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Advertisement112 1979-01-05 1 SINTAT Rent-a-Car WORiDA'DS c fStKwA I OV^ Singapore: *****55. *****5 (Airport) Kualo Lumpur *****2, *****8 Penong: ***** Kuarrtan: ***** offers a wider choice of plain paper copiers. U-lIX V Table-Top Model A copier that delivers clear copies from B-6 to A-3 sizes. Built-in micro computer that increases ease of operation.112 words
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TRADE AND INDUSTRY
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Article, Illustration334 1979-01-05 2 AN AUSTRALIAN company, which recently U*k part la a specialised trade exUMtlea here af drilling aad water recovery equipment, said It has a range tf products capable sf handling all ground cendltlens. Dresser Predncts Australia Pte Ltd said the predncts lnelnde rotary blast hole334 words
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118 1979-01-05 2 Reuter THE state-owned Philippine Airlines intends to spend nearly US$3OO million (Ss66o million) on expansion plans in the next two years, a spokesman said yesterday. The plans involved the acquisition of five new highcapacity aeroplanes to be delivered within 14 months. Three Boeing-747 jetsReuter - 118 words
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263 1979-01-05 2 Agencies TAIWAN'S Economics Minister, Mr Chang Kwangshih, has left for Riyadh to sign an accord with Saudi Arabia for the joint building of a big fertiliser factory on the Saudi east coast. The project represents the largest single foreign investment ever made byAgencies - 263 words
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128 1979-01-05 2 PENANG manufacturers of belacan shrimp paste are facing a severe shortage of shrimps. They have been forced to curtail production by half over the past six months. A belacan maker, Mr Tan Kar Leng, estimated that Butterworth is now producing only about 500 pkmls128 words
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Article484 1979-01-05 2 WANG LOOK KEAH - By WANG LOOK KEAH ONE OF THE world's leading typewriter manufacturers is making a concerted effort to step up its marketing activities in Asia to penetrate deeper into the growing market. Hermes Precisa International, a Swiss company, has, consequently, set up a regional representative office484 words
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108 1979-01-05 2 Reuter THIS year, Thailand is expected to increase rice exports to Malaysia, Singapore and Indonesia, its fellow Asean members. Mr Danai Tulalambha, deputy director-general of the Thai Foreign Trade Department, said he estimated between 550,000 to 600,000 tonnes would be exported to theReuter - 108 words
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Article48 1979-01-05 2 ABOUT two-thirds of Indonesian visitors to Singapore in the first 10 months of last year were on repeat visits and not one-third as reported in Business Times yesterday. More than 70 per cent of Japanese visitors during the same period were here for the first time-48 words
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Article298 1979-01-05 2 AFP THE Indonesian Consumers Institute yesterday called on the government to abandon its intention. of raising domestic fuel prices. The institute said the population, already burdened by the 33-per cent devaluation of the rupiah, would suffer more if prices were raised. An increase would spark aAFP - 298 words
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Article, Illustration306 1979-01-05 2 MR Rabert Kidney, general manager of Kodak (Singapore) Pie Ltd, has announced the following recent promotions of three Kodak staff: Mr Chew Yatt Meag has been promoted to warehouse supervisor and will be responsible for the company's warehousing operations. Mr Chow Joined Kodak in 1974 as quality306 words
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259 1979-01-05 2 TOURISTS coming to Penang this year will have to spend more as most hotels there have increased their room rates by 10 to 20 per cent. Howvever, the president of the Penang Hoteliers Association, Mr Ko Kim Swee, said yesterday the increase is fair259 words
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Article71 1979-01-05 2 The Sabah Economic Development Corporation (Sedco) yesterday signed a Jointventure agreement with a Japanese company, Nipsea Holdings Pte Ltd., to set up a paint manufacturing plant in Kota Kinabalu. The Joint company, Nip- pon Paint Sabah Pte Ltd, will have an authorised capital of about USSI million,71 words
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381 1979-01-05 2 FONG MEW LENG - By FONG MEW LENG A UNION sOcial yesterday kit eat at malti-aatteaal rrmpialfi la H xr*** as beiag merciless la their treatment af warkers la times af baslaeai difficulties. Mr N. Is—■>—, sealer secretary for ladastrial rrlstlias la the H frr*** ladastrial Labear381 words
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244 1979-01-05 2 CHINA is potentially a very important producer of crude oil and this importance will increase as more exploration and discoveries occur, a research geologist of the US Geological Survey said yesterday. Dr Edward C.T. Chao also told the annual meeting of the American244 words
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Article92 1979-01-05 2 AFP PRESIDENT Suharto of Indonesia yesterday conferred with Agriculture Minister Soedarsono on the mass cutting of forests in Riau, central Sumatra, that caused heavy and damaging floods recently. Riau governor Raden Soebrantas has reported that the floods were believed to have been caused by tree cuttingAFP - 92 words
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Page 2 Advertisements
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Advertisement109 1979-01-05 2 A PENGUIN m s>. -J THE MALAYAN TRILOGY This famous trilogy wittily dissects the racial and social prejudices of post-war Malay during the chaotic upheaval of Independence. Through a succession of splendidly colourful characters, Anthony Burgess delineates the conflict and confusion arising from the almost enforced mingling of cultures. Time109 words
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Page 2 Miscellaneous
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Miscellaneous640 1979-01-05 2 TWO-11-OIE L. 6 Farmyard animal (3) 7 Cleaning cloth (6) 9 Used to be (3) 11 Diseased outcast (5) 12 Middle of the body 15 Crooked (4) 16 Operatic song (4) 18 Stinging insect (4) 19 Praye conclusion (4) 20 Cooking vessel (3) 23 Smith s block (5) 24 Intoxicated640 words
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TRADE AND INDUSTRY
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820 1979-01-05 3 MALAYSIA'S stakes in the implementation of the proposed Integrated Programme for Commodities (IPC) are extremely high and this accentuates the role it must continue to play in the Unctad discussions. Emphasis is on the need to expedite work on individual commodity agreements, because at820 words
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Article204 1979-01-05 3 AFP INDIA is seeking a dialogue with Asean to exchange views on problems facing the sub-continent and this region, official sources said in Jakarta yesterday. Asean Secretary General Datuk All has been sent to New Delhi to sound out India's desire for the dialogue. This desire was conveyedAFP - 204 words
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Article377 1979-01-05 3 COURSES AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, SITC Jan 6: Dynamics of communication and growth workshop, Hyatt Hotel, Dr Dale Bailey Jan 6, 13 20: The Effective Secretary, SIM conference room, Mr Tan Teck Huat Jan 8-19: Personal and company377 words
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Article, Illustration780 1979-01-05 3 $222 M PROJECTS APPROVED DESPITE the slowdown in the world's economic recovery, Malaysia continued to attract commendable interest among local and foreign investors. A fair indication of the improving investment climate is the increase in the number of project approved by the Malaysian Industrial Development780 words
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379 1979-01-05 3 CONTRIBUTIONS to the Employees Provident Fund of Malaysia for the first nine months of last year totalled $531 million, while withdrawals amounted to $117 million. An EPF spokesman said an additional f1.7 million in death benefits were paid out to 3,600 people since379 words
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200 1979-01-05 3 Reuter PIRATES in fast trawlers, believed to be from Thailand infesting the South China Sea, have robbed Malaysian fishermen of their catches off Peninsular Malaysia's East Coast, fishermen said yesterday. Fishermen in Trengganu said in the latest incident about nine private trawlers attacked a fleetReuter - 200 words
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Article98 1979-01-05 3 Reuter SOUTH Korea's total expots in 1978 were estimated at US$l2.7 billion up 27 per cent from the previous year, the Commerce and Industry Ministry said. The 1978 export figure compared with the original government target of 112.5 billion. The ministry gave no figures for lastReuter - 98 words
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477 1979-01-05 3 A CONCERTED effort by producers and consumers to stabilise timber prices should be pursued at all times. Towards this end, a more realistic approach taking into consideration the views of developed and developing economies should be adopted. Unless these principles are adhered477 words
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Article124 1979-01-05 3 JAPAN will send a highpowered buying mission to Britain and Ireland next month in an effort to cut its trade surpluses with the two countries, government officials said yesterday. The mission will be headed by Mr. Taiichiro Matsuo president of the Marubeni Corporation, and probably leave124 words
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Article35 1979-01-05 3 KENYON and Eckhardt will handle advertising for Rank Xerox in Hongkong, Malaysia and Singapore from March 1. The agency said the business was won in competition with other major international agencies with regional capabilities.35 words
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Page 3 Advertisements
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Advertisement143 1979-01-05 3 1 0 T u An exclusive range of ladies' shoes and handbags is also a' 1 < >1 Km m a ft f ill -J 1- i uI i r r# Fi B 1 m K 7 For the man who knows Our male customers don't need to be shown143 words
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RAW MATERIALS
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Article495 1979-01-05 4 THE Singapore rubber market yesterday closed higher with January One RSS buyers quoted at 233.50 cents per kilo, up 1.50 cents on Wednesday's close, dealers said. The morning session closed quiet with January One RSS buyers quoted at 231.75 cents per kilo, down 0.25 of a495 words
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Article299 1979-01-05 4 Wcw in >cn(i per tun juiai TJ*J Hoa« tprr ktk» VMM ai Mm Sii)m Srikm M tUS aniMUt 31 "5 ttSSK an aa< m i m iu as ms ma* as IM 1 «i FW» 31C ms as as V- tUi SB aa< a.s OL» l* OML as299 words
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Article98 1979-01-05 4 NOON SSR and SMR prices yesterday HAS JH Peknary (Cam ■t Mtfc) R. mart Mtfc) Bsyws f M) ■a (e rat* perk*) SSR 20 (X-tc mi pallet) 233.00N 232.00 234.00N SSR SO liPffl (1-tc in pallet) 228.00 230 00N 229.00 231.00N nKEtLB SMR5CV < 1-ton pallet) 24098 words
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Article26 1979-01-05 4 Rubber; Jan 4 Singapore: January: 233.50 cents (up 1.50 cents) Malaysia: January: 235.50 (up 0.50 cent) Tin: $1321 (unch) Official offering: 230 tonnes (unch)26 words
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Article185 1979-01-05 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) White rtee: 100 pet Ist class 325, 100 pet 2nd class 310, 100 pet 3rd class 305, 5 pet unav, 10 pet unav, 15 pet unav, 20 pet unav, 25 pet unav,185 words
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Article88 1979-01-05 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Jan 4 until further notice: RaMber: 239 cents a kilo; Capra: M 51,132.62 a tonne; t Palm kernel: $965.75 a tonne; White pepper: $4,748.92 a tonne; Black pepper: $3,002.86 a tonne; The rates of duty88 words
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Article302 1979-01-05 4 THE SLIGHT pick up on the Singapore produce exchange after the festive seasoo gathered slight momentum yesterday. Traders said that most were anxious to cover their positions after the holiday. Prices therefore showed a tendency to open on higher levels. Dealers in copra and coconut oil reported that302 words
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Article137 1979-01-05 4 SUGAR FUTURES trading in Hongkong yesterday remained dull with turnover unchanged at two lots, dealers said. March closed at US 8.50/ 90 cents, against Wednesday's 8.30/70 close, and May at 8.60/9.10, against 8.40/96. Sugar futures closing prices: Ctetag Pruliii CM* Mch 8.50/8.90 8.30/70 May 8 60/310 8.40 95137 words
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Article177 1979-01-05 4 YARN And ocx 100 in Hongkong dollars, spot ex-godown Ctftn yam: China Blue Phoenix 2Qi 2.306 3* 2.880; «te 3.000 (per bale of 400 lbs). I"*: China Butterfly and Globe brand unq. Dragon Head Lambs unq; Flower and Butterfly unq; Flying Geese (per piece 36 inches by 40177 words
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Article254 1979-01-05 4 RAW SUGAR terminal opened £0.06 to £0.25 per tonne down and turnover totalled 811 lots in London yesterday morning. The market opened steady with commission house buying and shortcovering being well met by good trade house selling interest from one quarter. Dealers said there appeared no fresh news behind254 words
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Article86 1979-01-05 4 COCOA terminal opened £12 to £16 per tonne higher and turnover totalled 171 lots In London yesterday morning. The market initially traded around £5 up in line with the overnight close in New York but then advanced further on trade buying and short-covering which found sellers rather reserved. Dealers86 words
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Article392 1979-01-05 4 QOLD FUTURES in Singapore yesterday eased in the afternoon In line with the weaker Hongkong trend and late strength of the US dollar, dealers said. Trading was very quiet throughout the day on lack of interest and turnover fell to 17 lots against 59 lots on 117 n ilm392 words
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Article260 1979-01-05 4 NEWS FROM Mexico City that a cold wave in the past two days had affected important coffee producing areas in Mexico contributed to early market gains in London yesterday morning, dealers said. Spot January traded up to a high of £1542 after initially opening £1530. By the close of260 words
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Article165 1979-01-05 4 WITH SELLING spurred by severe mid-western weather and losses in soybeans, wheat futures dropped four to two cents a bushel by midsession in Chicago on Wednesday. Prices reeled immediately at the opening under pressure from heavy local liquidation, then headed still lower when extensive commission house sell-stop 6 were165 words
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Article180 1979-01-05 4 SOYBEAN futures edged off the day's lows by as much as Ave cents in late dealings, closing with losses at eight to five cents a bushel in Chocago on Wednesday. Declines, which occurred on heavy local and commission house stop-loss selling, were reduced when moderate commercial buying and diminished180 words
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Article42 1979-01-05 4 CI Noun curapnci eon inos |B« «on <nn#f ct*ua LONDON: 1 r 1 I f MM ftwiw nwpij mdi «IW nin jact *wm*U« 5«* It* Mil JMMO vx«« OMi« rM»wM7 B*o< «r Mi Mmi Ktml AMU KMr tannlfeiiJM «ra*»« teMMitwivMn42 words
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Article64 1979-01-05 4 ALUMINIUM was up £2 for cash and £0.5 for three months in London on Wednesday. Isolated bidding for cash during the afternoon widened the backwardation to around £2.5 during slow trading. The morning market was supported by easier sterling against the US dollar while the backwardation narrowed to £164 words
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Article183 1979-01-05 4 THE Straits tin price in Fenang stood unchanged at M 51,821, $121 above the International Tin Agreement ceiling, dealers said. Sentiment ruled steady on fresh Japanese buying, together with continuted support from Europe and the US, despite an easier London market. Trading was fairly quiet and the total183 words
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Article177 1979-01-05 4 COPPER wirebars in London on Wednesday gained £0.5 for cash and lost £0.5 for three months. The afternoon market sagged under light liquidation prompted by the decline at New York with three months trading down to £783.5 at the close and to £782 on the kerb. The early morning177 words
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Article38 1979-01-05 4 ZINC lost £4 all round in London on Wednesday. The afternoon market slipped back reflecting the trend in lead with three months trading down to £349.5 on the kerb compared with early morning ring business at £353.38 words
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Article150 1979-01-05 4 SILVER was unchanged for cash and down 0.3 pence for three months in London on Wednesday. It fell back during the afternoon under liquidation prompted by the easier trend in US futures. Three months closed the ring at 302.3 pence and touched 301.5 pence on the kerb. Morning values150 words
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Article75 1979-01-05 4 LEAD lost £14.5 for cash and £3.5 for three months in London on Wednesday. During the afternoon, the nearby position continued to ease with freer offers of cash narrowing the backwardation to £36 compared with £40 during the morning and £45 on Tuesday. Profit-taking developed on the forward market75 words
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MONEY AND EXHANGE$
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Article464 1979-01-05 4 THE US dollar firmed on the foreign exchange market yesterday, especially against German mark during trading in London. Opening at 1.8410/20 against the mark, the dollar was gradually traded higher to 1.8450/60. But London trading in the afternoon got the mark higher to 1.8555/75 as news of strikers464 words
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Article168 1979-01-05 4 Asian rates ASIAN currency deposit Interbank rates as at close on Jan 4 L'8 DolUr*(Spo4) Offer Ki 7 <Ujr» 10< 10*. 1 month 113/16 111/16 2 months 11't im 3 months u 13/16 1111/16 6 months 12". 12'. months l? 12 12 months 12'• 12 1 month 3 months 6168 words
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Article52 1979-01-05 4 Range of pr kt« offered by diKOIlt how «i ob Jaa 4: Ovrnifkt 3 to 4'.% Call depoaita 4'.* Ctociaf Bajnat Sellia« 3 month Treasury bills 4 3 month Bank bills 77/16 7 Vl« 3 month CD 7'. 7H 6 month CD 7 11/16 7 9/16 Source: National Discount52 words
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Article21 1979-01-05 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.5 per cent.21 words
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Article65 1979-01-05 4 ZURICH exchanges closing quotes on Jan 3: us i «n kio Stg 3.3333 3419 Can 1.3940 3973 Dmk 3743 MB DO 82 7259 83 0392 FTr 31 0572 2308 Bfr s esaz mm Dkr 32.2217 3389 Nkr 32.7147 8131 Skr 38.1797 31C0 Ut 01S83 1998 Aim aril 12 188365 words
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Article272 1979-01-05 4 THE DOLLAR in London yesterday opened firmer than Wednesday's closing levels against major currencies in moderate to busy trading, dealers said. It opened around 1.8600/10 marks against Wednesday night's 1.8475/90 close, at 1.6600/15 Swiss francs against 1.6440/90, and at 197.10/25 yen against 196.50/ 70, but dipped away from these272 words
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Article159 1979-01-05 4 THE DOLLAR in New York on Wednesday ended mostly well above Tuesday's close, although weaker than the day's opening levels in some cases, in active trading, dealers said. They said the unit's early firmness was attributable to fairly extensive short-cover-ing, as well as central bank support, although they159 words
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Article176 1979-01-05 4 THE DOLLAR in Tokyo yesterday for overnight delivery closed at 196.80 yen, down from a 197.00 opening but up from 195.10 at last Friday's close, dealers said. The dollar opened the first session of the year sharply higher following its overnight rise in New York and a high level176 words
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Article162 1979-01-05 4 THE US dollar in Hongkong yesterday rose sharply against the mark in (airly active, late trading on European dollar buying and local short-covering, dealers said. It rose to a late 1.8470/80 marks from New York's 1.8400/15 close and its 1.8400/30 ng in Hongkong, and to 1.6510/C0 Swiss francs from162 words
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Article34 1979-01-05 4 FRANKFURT exchanges opening quotes yesterday: usi.mwm Caa IMl* M Slf J 7J7 7J7 Dfl S24t SI Sfr UIM 112.M una m VtrUMM Nkr XM M Bfr CM Me n Bfr fta Yea* MB-MB34 words
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Article55 1979-01-05 4 AUSTRALIA/NZ exchanges quotes yesterday: US dollar ***** U4» Sterling IXS ***** Ninety-day air mail buying raws: Sterling 0 Ml 4 US dollars I.IMB Ninety-day forward buying rates Sterling 057 M US dollar* 1 UK Sterling t-9M liM US dollar I SMS 1 MM NkM]r4v airmail buying ra tea SterUng55 words
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Page 4 Advertisements
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Advertisement82 1979-01-05 4 ooking ftp *.ir,..4 r d t > y Kenneth •gAftk-adk L\ raclpaa le try, one* the baalca have been iwrtwd Finally, ha iflirnmi ttte tour —fn reglona at CMna Peking. Shanghai, Canton, teechuan and ghrea a aalaa— of typical JWin from aach. All tha radpao ara doarty written wtth aoparata82 words
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OVERSEAS
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Article, Illustration275 1979-01-05 5 A NOVEL type sf OattttN preeeas (abeve) tor Mpantiag Am parfleka ef eeai tram uwuted stone, dirt ui etoy, hu beea developed at Leeds Uaiverslty with toeftp tram Britola's Nattoaal Beeeareh Development Csrperattoa. The preeeas to at preeeat Mag traaslated tote a II toaaes—per hiir plaat275 words
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Article529 1979-01-05 5 Washington Star LIFE insurance companies in the United States should be required to explain the true costs and benefits of complex policies to keep consumers from paying more than they need to, a US congressional subcommittee has concluded. In a report on insurance sales practices, a HouseWashington Star - 529 words
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WORLD IN BRIEF
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Article529 1979-01-05 5 Agencies NO FURTHER general tax cuts are planned before the next West German general election in 1980, government spokesman Armin Gruenewald said in Bonn on Wednesday. There is no financial leeway for further tax relief and any fiscal measures planned by Finance Minister Hans Matthoefer thisAgencies - 529 words
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637 1979-01-05 5 Reuter THE INDUSTRIAL world s imports rose to U5577.12 billion (SSI7O billion) in October from 988.75 billion in September, according to data published by the International Monetary Fund. The statistics, contained in the IMF's International Financial Statistics publication, show US Imports rose to $16.06Reuter - 637 words
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162 1979-01-05 5 Reuter ABOUT 30,000 British lorry drivers went on strike on Wednesday, mainly in Scotland and the north of England, in a stoppage that threatens to cripple the haulage industry, and could soon cause severe food supply problems. The action has already added to a severe vegetableReuter - 162 words
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293 1979-01-05 5 AP THE AMERICAN government stepped up its policing of businesses on Wednesday to make sure they comply with President Jimmy Carter's anti-inflation programme. The Council on Wage and Price Stability said it will ask more than 1,000 companies to disclose details of theirAP - 293 words
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Article53 1979-01-05 5 AMERICAN scheduled airlines, propelled by competition in fares and deregulation; are reporting a record travel year for 1978. Although most of the companies have not compiled their final figures yet, those which have reported say the traffic of the first 11 months of the year continued53 words
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401 1979-01-05 5 Reuter THE average effective yield on one-year US Treasury bills rose to a record 9.605 per cent at the latest monthly auction. The Treasury said the yield was up from 9.32 per cent at the previous auction and surpassed the previous record of 9.564Reuter - 401 words
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Article132 1979-01-05 5 Reuter A BRITISH Navy survey ship has rescued a group of some 60 Western experts from the southern Iranian port of Bandar Abbas as part of an international effort to evacuate foreigners from the strife-torn country, a Foreign Office spokesman said in London yesterday. The actionReuter - 132 words
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Article79 1979-01-05 5 Reuter THE lalß—tli—l MlMtary Pan* nU It aDeentdrawing itgMi M afJanll to the lft tumken pw tlrlpatlM to tta BDB lepartment at toe ead last year. Tke ■U»wtif we to Mctriuee with «M MM to iheite mm* of tke three years 1171,1 M andReuter - 79 words
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Article252 1979-01-05 5 Reuter WEST GERMANY'S current account showed a provisional surplus of 3.82 billion Deutacbemarks (514.5 billion) last November after a revised 3.15 hillton surplus in October and a surplus of 1.(6 billion Tin November 1977, the BwWWbank said. The Federal Statistics Office said on Dec 22, theReuter - 252 words
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Article738 1979-01-05 5 ARRIVALS 4 Service Local Operator Number Time Proa TMA TL345 0330 BOM/KUL SLA SQ88 0620 KWI/BAH MAS MH601 0700 KUL MAS MH682 0725 KCH SLA SQ10I 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1006 HLP RBA BQ23 1030738 words
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Page 5 Advertisements
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Advertisement86 1979-01-05 5 r Vr. t0 CAN A D A "QUEEN ELIZABETH TOWERS" 200 Luxury Condominiums in the centre of Ottawa, capital of Canada. GUARANTEED MET 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. BuMer and furantor. TRDEL86 words
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429 1979-01-05 6 REVITALISING the central area is an easy concept to accept and a laudable one at that. The implementation of the scheme may, however, require a lot more effort. This is especially so if it is intended to faring a fair mix of income429 words
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Article211 1979-01-05 6 SINGAPOREANS may receive news of possible tariff increases on the public utilities front with some resignation, but that acceptance should not be total. The announcement by Opec of an oil price increase should have paved the way to realism in expectations for this new year,211 words
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1389 1979-01-05 6 NOORJAHAN KARIM - MALAYSIA'S interest rates were freed in October but it looks as if bankers have turned selfless, impossible as that is to believe. Banks so far have raised their deposit rates, but not their prime lending rates NOORJAHAN KARIM unravels the mysteriesMST - 1,389 words
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376 1979-01-05 6 STEVEN RATTNER - By STEVEN RATTNER NYT PMWCTnONB BY ectaißliti arc pHrtlikmi cpeeiel W|U as ti «han the te hwM, cyasA 1 m -M? A year age, the New ¥«fc llmmlm Mijf thoe mi Ike a MJ^feilb^ FW tt> —t part, Ite hwfto prwrt he tea Mgk wNYT - 376 words
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Page 6 Advertisements
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Advertisement220 1979-01-05 6 t -wu Come and get it! r r„ „V f T 3 JTS^ Lobsters. Barbecue. Or tempting a la carte. The choice la yours. For a hearty mesl. away from all the hustle and bustle, i s no bettor place than the Ficus Restaurant at Apollo Sentosa. Golf Course Swimming220 words
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Page 6 Miscellaneous
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Miscellaneous59 1979-01-05 6 Outlook for Singapore from 6 a.m. to noon today: Occasional showers. Report f*r 24 hours prior to 7M p.m. on Ju 4 At the airpirt: Maximum temperature 27.7 Associated humidity gl Minimum temperature 22.7 C Associated humidity 99 Hours of sunshine 1.55 Rainfall in millimetres 0.4 Total rainfall for the59 words
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Miscellaneous221 1979-01-05 6 SINGAPORE 5 PM Opening followed by Housewives' Matinee— The Wish (Repeat)* Intermission Opening followed by Star Performance Dark Meeting News in Brief* Rendezvous South Pole Supercooled History* Organ Recital by Tatsuya Koguma* News NewsreeJ in Malay* Sports Parade* Magazine Zero One* Singapore in '78 (English—Repeat)* News in English* World Premiere221 words
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Article, Illustration1803 1979-01-05 7 COLIN CHEE - COLIN CHEE gives the inside story on the Citibank exodus and the implications it may have for other multinationals that employ local executives. COLIN CHEE THERE IS NOTHING alarming about a company losing two of its top executives to the competition. But when1,803 words
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Article306 1979-01-05 7 THE MANY delicious-look-ing ice-creams beautifully photographed in a brochure of Swensen's (the San Francisco ice cream company about to set up shop in Singapore) may have been just cause for pride. But some of their PR blurbs went a little too far. "The Earthquake: This is306 words
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Article959 1979-01-05 7 John Drysdale - [FOBPM£ .with John Drysdale TWO OF THE world's economies West Germany and Japan seem to be heading in different directions this year. Not exactly the convergence of the major economies that the Finance Ministers disruasf rt at the IMF meeting last September. 1 It959 words
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Page 7 Advertisements
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Advertisement361 1979-01-05 7 ii rti c Lite up your life at Vanda Live it up at the newly renovated Vanda Bar Styled for comfort and good cheers VIfINDP Sing along with our resident duet George David to your favourite request Happy Hours from spm-Bpm 307 discount Singapore Oochid Inn 4 Duihmi n k'<.361 words
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Page 7 Miscellaneous
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Miscellaneous44 1979-01-05 7 BriStc^-'FrarLkEhcS^sl I OfVTHGfc HfVC So£*J Tv4e 6u»LDtMG> f\hJP rO€_T SOne OF i4k_ femf Noo up\ve buso seen RDP. BM \Ntefcvt€ux •tf-tt roc, uptD NOU Cv4BtfG>eD No OR BlL? ETT3OT3Sr? S\fc of OOOftse NOT S»R... t STILL vOBNT TO o£. B SvJV»NG Ct£*2K Bf CV4££>Tfc£44 words
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INTERNATIONAL STOCK MARKETS
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557 1979-01-05 8 Tokyo Source: THE MARKET was extremely bullish with attrition mainly on medium-sized bule chips and incentive-backed issues. Large-capital stocks were also active and higher due to -buytng by the major brokerage houses. Sharp gainers included com- taunica tions equipment issues *<such as Fujitsu, NEC and OldSource: - 557 words
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Article367 1979-01-05 8 s The SHARE market fell yesterday with buyers holding back amid some degree of profit-taking, dealers said. The index slipped one point, although it is still 6.72 points above the last trading day of -'1978. rrl BHP reached $9.36 in early j,. trading, 6 cents higher than its closing367 words
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Article297 1979-01-05 8 THE STOCK market closed mixed yesterday with lasses in the majority in moderate trading, dealers said. Other losers included International Cosmetics, dropping 18 to 714, United Flour Mill 14 to 520 and Thai Tin Plate 10 to 396. Bangkok Investment rose 8 baht to 370, Asia Fibre and International297 words
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Article173 1979-01-05 8 THE MARKET yesterday closed higher across the board with turnover rising to 24.1 million pesos from Wednesday's 18.1 million, dealers said. Gainers included Atlas Con B, Baguio Gold, Benguet Con B, Lepanto B, Marinduque B, Philea B, Basic Petroleum, Oriental B, Phil Overseas, Podco B, Pogei, Pioneer, Seafront, Meralco,173 words
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Article332 1979-01-05 8 Source: SHK Sec Ltd SENTIMENT was bolstered yesterday by the slowdown to money supply growth for the second consecutive month. There was also some evidence of buying orders from overseas but these were selective and confined to blue chips. The market closed at its high and seems to beSource: SHK Sec Ltd - 332 words
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Article64 1979-01-05 8 FINANCIAL TIMES INDUSTRIALS Wednesday 479.8 Tuesday 473.0 Week Ago 4783 DOW JONES AVERAGE INDUSTRIALS Wednesday 817.38 Tuesday 811.42 Week ago 808.56 LONDON DOLLAR PREMIUM Wednesday 83 W to 84 Tuesday 82 to82 V* H.K.HANG 8ENG Thursday 807.18 Wednesday 488.48 Week ago 500.08 SYDNEY INDUSTRIALS Thursday ***** Wednesday 482.4864 words
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Article531 1979-01-05 8 EUROPEAN MARKETS ZURICH prices firmed over a broad front in active trading on Wednesday reflecting a stronger dollar, high ttqutdty and yield considerations. Dealers said that hanks generally edged higher with Leu participation certificate and Volksbsnk particularly strong. Financials were also firmer led by OerUkooa-Bueh-rle registered,531 words
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Article182 1979-01-05 8 JAN 03 macs Actions Sulsaes Aimulm Br an 1100 35 Alusulsse Dm. Brown Boveri Br. Citw Oelfjr Br. Clba Oetgy P C as 1096 11S6 880 10 15 35 15 Clba 0*1(7 Rm Credit Suisse Br Credit Suisse Ret Elektrowttt Br Oeorte Fischer Br Otobui h 006 11 ao»182 words
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Article193 1979-01-05 8 JAN 00 ru ABN 372.00 Ahold 11AJ0 U AkJo 30 00 12 AMEV «oao 1 Amfaa lOtjOO 1 Amrot Bank nm 0.8 Btrtou 51 JO 0J Bert 82-50 02 Bols TUB 12 Borsumlj istso OS Burhmann 1 71 JO uncb Byenkorf noo J Calve Delft ***** 0J Dell Mtj193 words
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Article270 1979-01-05 8 JAN 03 rr» CORBE1LLE Alr-Llqutde B 8 N Oernii Danopt C 8 F (ThoouonCle PrmnoLlM des Petroiet Compa^nie Financier* Compafnke Qenerale Credit Foncier De France Hachette (LlDralrt*) Machine* Bull Mlchelln (B) Partbaj Pechlney Clflne Kuhlminn Peugeot PMllpa (N* Gem n>iiii Prln temps S A Rhone-Poulence 8A Royal Dutch Suet270 words
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Article178 1979-01-05 8 JAN 03 Dm Aef-Telefunken 79.00 ♦0.1 Akan 27 JO OJ Allx Leben ***** 5 All! Vert 496 00 unci) BASF 130.00 Bay H T Wbank 306 00 Bay Vtwnk 311.00 137 00 JIO.OO 1J BMW 230JO 3J CaoeUa 311 SO 1J Chem Verw 270.00 ♦1 Commmbtnk 227JOB 2J ConU178 words
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1304 1979-01-05 8 NEW YORK STRENGTH in secondary issues provided the stock market with another broad advance on moderate turnover tor the second trading day of the New Year on Wednesday. Analysts tied the gains to the good showing by the market on Tuesday despite the unsettled situation1,304 words
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Article96 1979-01-05 8 JAN 03 Prt FORWARD MARKET Acee 413 unch 3S 14 30 MUtr 3w Brajc&n iM Bru-Lunb 182C Canpac 836 1 -IS -20 -11 +3 Coci 402 n« Bftn If Ebe* 23K > +10 1 -40 1 -10 1 -4 Electrobel 87W Gb-Inno-Bm 2J4C Q«r 1423 Hobok i 2406 unch96 words
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Article103 1979-01-05 8 JAN 03 Lire Ante Aaaoc Otn Butofi Central* rut Flnskter Otn Immob in Prl Itaicemenu Itaigu lUlikier Macnrti M Pf M&relll Ere Med lob Mlrii&nz* Mondadori Montedsn 35 ***** *06 4275 2700 135 84 2275 ***** 750 314.50 506 50 217 ***** ***** 1450 167 75 +2 70 11103 words
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Article130 1979-01-05 8 IMPERIAL Chemical Industries said it will make early redemption of (our Swiss franc bonds totalling 230 million francs. ICI intends to offer holders the possibility of exchanging the existing bonds for bonds of a new loan to be raised by the group later this130 words
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Article349 1979-01-05 8 Toronto PRICES closed sharply higher on Wednesday paced by advancing resource issues. The Composite Index rose 15.4 points and gains led losses by a three-to-one margin. Imperial Oil A rose 7/8 to 26-1/8, Hudson's Bay Oil 1-1/2 to 55, Asamera 1-3/4 to 21 and Moreen, which announced a349 words
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Article399 1979-01-05 8 GOLD shares rose off the lower levels on Wednesday in line with the bullion price and underpinned by some overseas interest ahead of the international monetary fund auction, dealers said. Mining financials were slightly easier in dull trade in line with producers. De Beers rose 20 cents to 896399 words
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Article75 1979-01-05 8 AMERICAN EXPRESS said its American rusii International Banking unit plant to float a 38 ■Hha mark denominated bond outside the US through a syndicate of banks led by Dresdner Bank. The issue, maturing in 1987, is expected to carry an annual coupon rate of f per cent. Offering75 words
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Page 8 Advertisements
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Advertisement171 1979-01-05 8 SINGAPORE ess MC(FO S&y V7B VOL 2 NQI2 15th m V If you dabble with stocks and shares, you MUST read the December issue of Singapore Business. How does one go about analysing the stock market? Which market London, Wall Street or Hongkong exerts the most influence over the Singapore171 words
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INTERNATIONAL COMPANY NEWS
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Article428 1979-01-05 9 EUROPEAN h 4 Reuter BRITISH PETROLEUM said the threatened strike called by its 2,250 tanker drivers and terminal workers has been deferred until after shop stewards consider a restructured pay offer next week. The company added the trade union negotiating committee delegates had also agreedReuter - 428 words
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176 1979-01-05 9 Reuter PRE-TAX profit at Bass Charrington for the year ended Sept 30, 1978, rose to £106.5 million from £90.4 million a year ago. Sales also increased to £1.01 billion from £904.5 million previously. Earnings per share rose from 22.4p to 28.4 p. Pre-tax profit wasReuter - 176 words
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Article131 1979-01-05 9 AFP THE FRENCH Citroen Motor Company turned out 680,500 private cars last year, 3.2 per cent more than in 1977, Automobiles Citroen announced on Wednesday. It said that the main feature of production in 1978 was a trend towards the top models. Output of CX's was 18.2AFP - 131 words
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130 1979-01-05 9 ASIAN Reuter TRADING in Amalgamated Rubber Estates, Rubber Trust and Shanghai Kelantan Rubber Estates (1925) has been suspended until tomorrow, the Hongkong Stock Exchange said. A stock exchange spokesman said the directors of the three companies say it is the intention of Highlands andReuter - 130 words
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Article118 1979-01-05 9 Reuter WOODSIDE Petroleum reported continuous hydrocarbon indications in the Goodwyn No. 5 well offshore Western Australia from 2,847 metres to the current depth of 2,941 metres. The well was continuously cored from 2,885 to 2,941 metres with various percentages of recovery. The present operation is cutting core No.Reuter - 118 words
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Article80 1979-01-05 9 AFP GEORGE TURNBULL, a former managing director of British Leyland, was appointed chairman of Chrysler-UK. The move is part of a reorganisation in which PSA Peugeot-Citroen, the French motor company, officially took over Chrysler's European operations on Monday. Mr. Turnbull resigned from British Leyland in 1973.AFP - 80 words
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Article74 1979-01-05 9 THE LEADING bicycle manufacturer in Britain, T. I. Raleigh, increased its sales last year by 10 per cent to 894,000 units. Sixty per cent of production was exported, but, though demand abroad was lively, it was not as strong as in UK, lan Phillips, the chairman, said.74 words
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Article, Illustration127 1979-01-05 9 Reuter THE ItSf FILM classic, m Gmw wttk the Wild/' ta still generating nMaitU profits fer Metre-GeMwyn-Mayer, which nparled sharply higher etnligs Wednesday. MGM said earnings for Its first 1911 fiscal smarter ended Nsv SI rsse to raliltoa sr $1.7« a share, sp 217 per eeatReuter - 127 words
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Article465 1979-01-05 9 NYT PHYLLIS GRANN, who Joined publishing in 1959 as Nelson Doubleday's secretary, has been named publisher of G. P. Putnam Sons, one of the older book companies in the United States. She becomes one of the few women to occupy the top postNYT - 465 words
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Article1538 1979-01-05 9 CHICAGO Board Options Exchange volume expanded to 153,883 contracts from 111.526 on Tuesday. OPTION JAN APL JLY 8TOCI Alcoa 40 7 UNTRD NOL 481/3 Alcoa 49 21/8 4 5/8 UNTRD 481/3 Alcoa SO 5/19 17/8 31/4 481/3 Alcoa to 1/1 UNTRD UNTRD 481/3 Am Exp 30 1/21,538 words
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757 1979-01-05 9 N. AMERICAN A POTENTIAL new bidder for Columbia Pictures Industries has emerged with the disclosure that General Cinema, the United States' largest movie exhibitor, is considering plans to offer in excess of US$24 a share for a 20 per cent stake in Columbia.757 words
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Article82 1979-01-05 9 Reuter TEXASGULF METALS said II nM Its cippw prices ia the US sad Canada by twi (Mb, effective Immediately. The (Mtpuy saM the prices la ÜBhlrii to Ti ceata per psaad tor Ml plate rithiir. 1U eeato far eat eatbade aad 74.C6 eeato tor wlrebar. It aaM CaaadlaaReuter - 82 words
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Article173 1979-01-05 9 UPI FOLLOWING the lead of two of the big four carmakers, American Motors has raised prices of its 1979model cars and jeeps by an average of US$59. The increase will hit those vehicles equipped with optional six-cylinder and V-8 engines and jeep models on which V-8UPI - 173 words
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Page 9 Advertisements
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Advertisement141 1979-01-05 9 THIS WATKINSON SYSTEM Never Say No Bass, Say The Best POWER COMES FROM YOUR AMP'S TANK Watts Gush Like Water Off Tap MASK DOMESTIC NOISE Quieter Environment, Better Stereo TAPE PERFECT SOUND EFFECTS Waterfall Is Yours For A Ripple WHAT'S IMPORTANT WITH SPEAKERS Phase Coherency Is Not TELLS YOU ALL,141 words
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DEALS DONE ON THE SES AND KLSE
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Article1336 1979-01-05 10 SECTION ONE INDUSTRIALS Acai (HOB 1118) (1) 2.09 (1) 2.10 Alcorn (1.83B) Allied Choc (MOB) (1) 1.11 BAT (136B) (1) 1-53 (1) 136 CD Bata (230B) Be* (0.648 0.068) (1) 0.634 (1) 0.64 (2) 0.06 Berjaya Kawat (2.728) (1) 2.72C81 Bouatead (2398) (2) 231 (3) 232 (6) 2.331,336 words
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Article135 1979-01-05 10 4 1/1* 1/8/80 (250.000) (06JOB *****} 4 3/4% 15/8/80 (250.000) (MOOB 98.108) 6% 1 ft/4/81 (250.000) (M.7SB 90 858) 5* T r 1/5/83 (250.000) (100 108 *****) 5 3/4* T r 15/8/81-84 (250,000) (102J0S) 7* 15/4/85 (250,000) (100.758 100.906) 7* 1/8/85 (250,000) (100.858 100 JOS) 7 1/4* 15/4/88135 words
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Article285 1979-01-05 10 Striking price* of the options officially listed on the Stock Exchange of Singapore, the period, bids and offered prices and Fwsiness done yesterday with the number at options traded shown in brackets. CsM Mange (March -11.80) (0.448 0.535). Hut F E (March $1.45) (0.288 0.345). hrtisii (March $1.30)285 words
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Article78 1979-01-05 10 (Ifc—(^I1|IMI ntOHMNi tm u hiiim, a—a u» u» TtamirM l» L* $l«»fii|VM Ifi Ui rimlk. rw IK 1JB SfMtMfM va ui max mnw raw imivmnim n»yn u u> JUfttf"V u icftsr s j; MS rs 12 IS tkimvrM im 1-® riikB>m \m i" IB I* 1M Svw# 078 words
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Article2551 1979-01-05 10 1978/79 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- CrT (•000) High Low SECTION ONE INDUSTRIALS I 272 132 Acma 210 +3 12.0N 15 5.7 229 2 210 209 238 123* Alcom 234 10.0 2.2 42 175 •> 178 107 Allied Choc 1112,551 words
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Article1645 1979-01-05 10 INOUBTBIALB Alcam (1.91B) «14> 1.91. A Ch« H. 1481. AMD (0.60N). ••n (Q6s)B> < 31 0 66 (1) 0 67 B Kawat (2.WBi 42) 2.80 CBI Bauttaag (2 428 2 468, (7) 2 36 (12i 2.a7 <41 2.38 <10) 2 39 43) 2 40 (21 2 411,645 words
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Article, Illustration556 1979-01-05 10 BULLA staged a eemehaek aa Ike Stock Exckaage «f Slags pm yesterday, sparking all tke Mgkmt level sf activity la several weeks. Settd galas were pasted across tke hsand la a karrage af haytag wklck gathered msmnatam aa tke day wan aa.556 words
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607 1979-01-05 10 BETTER buying interest across a fairly broad front helped the Kuala Lumpur stock market to recover more ground yesterday. Encouraged by the stronger overseas markets which rallied following the US dollar's recovery in Europe, local investors put more zest into their trading. Volume consequently expanded607 words
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Article41 1979-01-05 10 AGM to be held at 173-241, Mak Mandin Industrial Estate, Butterworth, at 1L00 am on Jan 8. Bnh SKA: EOGM to be held at the Negara Room of the Kuala Hilton, Jalan Ismail at 12 noon on Jan ip.41 words
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COMPANY NEWS
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Article, Illustration643 1979-01-05 11 Taagka Date Ahmad Yahaya's decides to leave Daalep Malaysia o liiutrlei, where he was the maaaglag director, to became the depaty chief execattve at Slme Darby taah maiy by sarprise. New, after three meaths at Sbne, he has ae deabts at all that the Jab643 words
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Article125 1979-01-05 11 THE STOCK EXCHANGE OP SINGAPORE has advised that Harimau Investment's |20 million 7 per cent convertible unsecured loan stock 1983 was granted a listing and quotation, effective yesterday. BBITI8H MALAYAN TRUSTEES' recently announced after-tax profit of $42,010 for the year ended June 30, 1978 constitues net earnings of125 words
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227 1979-01-05 11 AIDED by Increased rubber production and higher sales, pre-tax profit at Ayer Hitam Planting Syndicate for the six months ended Sept 30, 1978 increased almost 60 per cent to M 5337,372 when compared with the previous corresponding period. Rubber crop grew by 9.8 per227 words
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Article430 1979-01-05 11 Correal Ex Booka Date Total for Total for Payaent Date Close Payable tka year Previous year S M Ind 15* TE Dec 14 Dec 25 Jan 6 3.5* TE 8*TE S'pore Land 5*(b) Dec 12 Dec 19 Jan 4 5* 5* Aokam Tin 25H(n) Nov 15 Nov 25430 words
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Article141 1979-01-05 11 ParUcatlAr* El Data dwki Claa* G Ciriaic* S*tfM BNM* >«••( MM) Hrdr*«U<P. Pi M BS CAC trr <i»7b> TWUki 6KVJUJ Uhm ofl fori Son 114 Ihuc all tor 4 Kithu i«*u» on roc t SiJOD*rttur« Booui UtUf on fiK horiU4 Lkxuro; I for) bonu* imdI I for 4141 words
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266 1979-01-05 11 BO VIS South East Asia is to hold its long debated extraordinary general meeting on Jan 15 to ratify last August's sale of its property in Bukit Timah, Singapore. The EGM, postponed from Dec 20 Just meets the deadline set in the last266 words
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LATEST RESULTS
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Article69 1979-01-05 11 hM aa- mmmmi a pre In pnflt w wi.ii buhm (tmjm prevtowly) tar tte half yew «M Oet 11, ltn. Oetpat «f tta etMMtntM tar Ike parted wae MB Hm pw yieai tf Hi c» eeatratee w>i $I,IM (IM4). Preflt altar taxattoa el tQMN (ttmjm) mm69 words
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Article245 1979-01-05 11 MEGA CHEMICALS' latdMwi thai its tirumW to profitability last year wai eat Jut a flash la the paa after aIL The greap has Jut reparted a aear S» per eeat lacrosse la sas edited pretax earnings to MslM,*49 far the rtx meaths to October 1178245 words
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Article, Illustration760 1979-01-05 11 SUSAN BEVAN - PROFITS AHEAD BY 62 PC By SUSAN BEVAN ALTHOUGH the recent hectic pace of growth at food and beverage company Yeo Hiap Seng (Malaysia) is slowing down, the latest pre-tax profit of M 58.851 million is still 61.9 per cent ahead of the760 words
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727 1979-01-05 11 NYT INSTITUTIONAL investors searching the stock markets for long-term investments usually avoid shares selling for under US$lO (Ss22) and that can mean opportunities for small investors. The institutions usually shun such shares because market capitalisation is too small for them to take a meaningfulNYT - 727 words
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Article165 1979-01-05 11 IN THE RECENT exercise conducted by Business Times to list the top 100 companies quoted on the stock exchange in terms of assets and capitalisation, two oversights were made, one relating to Industrial and Commercial Bank and the other to City Developments. ICB was inadvertently left out of165 words
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Page 11 Advertisements
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Advertisement64 1979-01-05 11 r J VI fKI/iLd TO BE WON! <**» i -4t in this k V- "N. ,SSUe °f yk V V> THE CRAFT •5 1 J* j•v %v- x *V V rv i> OF SOUND r. It's a simple and easy to win contest. All you have to do is answer64 words
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Article111 1979-01-05 12 Reuter THE DUTCH national airline KLM said on Wednesday the Australian government has Mocked its plan to. slash economy class fares between Amsterdam and Sydney from next month. A spokesman for the Dutch National Aviation Service described the Australian rejection as incomprehensible. Dutch authorities haveReuter - 111 words
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427 1979-01-05 12 Reuter PRESIDENT Carter is expected to notify the US Congress this week of his intention to enter into several international agreements dealing mainly with non-tariff trade matters. He plans to inform them of his intention to enter into several agreements reached at the Tokyo RoundReuter - 427 words
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426 1979-01-05 12 Reuter THE JAPANESE Finance Ministry has decided on a •draft national budget for •fiscal 1979 starting April 1, totalling 38,600 billion yen (*****."5 billion), an in- crease of 12.6 per cent over 'the original fiscal 1978 budget of 34,290 billion, a ministry spokesman said.Reuter - 426 words
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Article62 1979-01-05 12 CHINESE leadership is instructing agricultural communes and other enterprises to make contracts for their economic activities and abide by them, according to Japan's Kyodo News Service yesterday. In a dispatch from Peking, Kyodo said China did have a sort of contract system before but nobody took it seriously.62 words
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152 1979-01-05 12 Reuter A LONG tomat piaa to eaaatraet a petrochemical ferlllser piaa la East KaHmaataa (Beraee) will be revived this year with the aid «f mare thaa UB$lM mllllea (Ss22l mllUaa) ia lea aw frem Preach aad British latereats. lie Preach eemmerdal attache la Jakarta, MrReuter - 152 words
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Article767 1979-01-05 12 LONDON, Thurs. Share Prices closed narrowly higher alter a quiet session and at 3.00 p.m. the Financial Times index was up 3.3 at 483.2. Initially some shares firmed as much as lOp on renewed small support but gains were reduced as demand subsided and some profit-taking set in,767 words
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115 1979-01-05 12 THE TOKYO taflp ezeuMlt| l M > iuirtt < b atadytag the piwftttlj af ■III wit direct lateraaknldac Mwtoi Tikyi tid »v«n«» flaaadal New Ytrfc, Haagkeag tad Oversea kaaka aai fereiga exekaage knken at kaaka eperattagltB Japaa to 4a Mm aa the Tekye115 words
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370 1979-01-05 12 THERE is ample scope for cooperation between British and Singapore entrepreneurs in trade, industry and investment. This is the message from the Singapore Federation of Chambers of Commerce and Industry for the visiting team of high-powered British businessmen led by Mr John Smith,370 words
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Article, Illustration472 1979-01-05 12 THE MINISTRY of National Development has set the revitalising of the central city area and the prevention of that area becoming a low-income ghetto as fts major task for the year. sin a statement issued as an Addendum to the Presidential Address, the Ministry472 words
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Article415 1979-01-05 12 THE PUBLIC Utilities Board will have to revise its tariffs if oil prices continue to rise. This was indicated by Mr Lim Kim San, Minister for National Development, in the Board's addendum to the Presidential address at the opening of Parliament. He added that tariff415 words
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599 1979-01-05 12 THE RECENT economic strategy shift by China offers good opportunities for the Philippines and will help turn the past year's balance of payments deficit into substantial surplus, central bank governor Gregorio Ucaros forecoast in Manila yesterday. This was one of several reasons he cited599 words
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Article95 1979-01-05 12 THE PUBLIC Utilities Board has invited local and international tenders for major plant equipment for the third and final stage of the Senoko Power Station development. Stage 3 is scheduled for completion and commercial operation in 1984. The total generating capacity of the Station will then be 161095 words
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Page 12 Advertisements
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Advertisement136 1979-01-05 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 t month p.a. 3 months 6"«°'o p.a. 6 months 6'«° op.a. 9 months 6' p.a. 12 months p.a. Savmqs 4'^« 0 /o136 words
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Advertisement64 1979-01-05 12 .<!:&+<'*<>&%"^[&*(`/-;;_)?\_{) LEADER...PAGE I W ho dares to put A white wine in a black bottle? BLACK K)\\ I R! classic white w me from (»erman\ presented in an original black bottle. Black lower has a distinctive st\ le and character u hich makes it just right to drink .ill the64 words
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SHIPPING TIMES
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PORTSIDES
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Article108 1979-01-05 13 Hitachi Zosen, one of Japan's leading shipbuilder and marine products manufacturers, has concluded a technical cooperation agreement with L and C Steinmuller of West Germany to manufacture land-use boilers. Hitachi Zosen has been manufacturing boilers for marine use only. With the conclusion of the agreement it can108 words
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Article99 1979-01-05 13 FT AN ANGLO-FRENCH plan to improve the safety of navigation in the English Channel came into effect on Jan 1. The masters of certain categories of vessels most likely to be potential sources of pollution or navigation hazards will be invited to report to shore stations as soonFT - 99 words
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Article75 1979-01-05 13 LLOYD S Register of Shipping has approved the first marine use of BOC Techsep's molecular sieve inert gas system. It will be used as an auxilliary inerting system for the containment barrier of the gas tanks of an LPG tanker. The. system, to be installed on a75 words
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530 1979-01-05 13 Agencies OPEC'S decision to raise oil prices by a total 14.5 per cent this year and Iran's political unrest may prove to be negative factors for the tanker market, the International Association of Independent Tanker Owners (Intertanko) said. To an important extent, the tankerAgencies - 530 words
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Article142 1979-01-05 13 UPI TRADITIONALLY iU« eMittw marked the begtaatag cf the year ea rrnpi Bftruv. Jap—e rirkoti remataed timed tor tkir wrteaded hetlday, ■ete ef keillaaey sar* Majer grata trate tailed to pradace freah latereete, tart era raataa teatared audcratcly well whea Heegh waited 114,M# leamm af Iraa ereUPI - 142 words
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Article393 1979-01-05 13 RAHIM KASSIM - By RAHIM KASSIM FAR East-Levingston Shipbuilding, a subsidiary of the Singapore governmentowned Keppel Shipyard, kicked off the new year with an $18 million contract to build an offshore tin mining dredger for a Burmese company. The contract, awarded by No. 2 Mining Corporation of Burma,393 words
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Article123 1979-01-05 13 MOST dry cargo freight market brokers in London are guardedly optimistic over prospects for the next few months but few are willing to give a firm forecast. They appear to be basing their hopes on a possible pick up in world trade with a corresponding improvement123 words
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3156 1979-01-05 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 of3,156 words
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Article542 1979-01-05 17 SMppteg Use (M Aconas n 5 ACS n 5 Afea IV 3 Aguila IV 2 Alpac IV 5 Angkutan IV 3 Anhsing IV 3 ANL I 1 APL m 2 Arya Nat n 5 ASCL ra 5 Asia Merchant ra 4 Atlas V 3 AustCnnt IV 5 Bank n542 words
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Article985 1979-01-05 18 RECEIVING OF EXPORT FCL CONTAINERS 1 AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the ShlDDinffLine/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to th#» Authority's premises during the985 words
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Article958 1979-01-05 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Tcepfer Line— Intermodal. Algerian National Line (CNAN)—Unipacific. Alpac Line—lntrasea.958 words
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Article, Illustration536 1979-01-05 18 OCEAN Inchcape Ltd (OIL) is planning a unique 400passenger floating hotel to ferry oil men to and from offshore platforms In the North Sea. The project is expected to cost between £12 million and £15 mininn (Sss3 and $66). The unique536 words
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Article195 1979-01-05 18 IN LINE with the rapid expansion of the Saudi Arabian ports of Jeddah and Damman, the port authority has streamlined the stevedoring system to facilitate cargo movements. The Port of nimumi previously had three different agents, each performing a specific function one to do the unloading, another to195 words
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Article, Illustration390 1979-01-05 18 EXPECTED ABUVAU TODAY REPPEL WHARVES Accord (1500 after Maaskerk) 13/14 Chidambaram (1100) 1/2 Dong Kwang (2300 after Kyuta Maru) 29/30. (after Frasinet) Globe Express (after Wakamizu Maru) 47. Golden Source (0000) 22. Golden Wonder (0000) 23. Hakone (after Tongariro) 8/9. V Kota Pan Jang (0700 after Kota390 words
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Page 13 Advertisements
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Advertisement396 1979-01-05 13 Scan Dutch V Fast and Regular Service To/From N.C. /SCAN W.MED./U.K. Singapore Tel 91S011. Port Ketang Tel *****1 Kuaia.Lumpur Tel ***** Penang Tel ***** .1A R DIM A\ lAH Orient Overseas Ca*iici*ieA. Line Wi MB |£jJ FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) wrrif* rrmu itm P KeUnf Spare H.R«n»396 words
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Advertisement289 1979-01-05 13 SEALORD ANTAH r r. m UASC UNITED ARAB SHIPPING CO (SAG) L All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE* !l— 1 1 1 1 Vessel S pore Loading for RED SEA DIRECT SERVICE Damman (17/1), Kuwait (20/1). Basrah (23/1),289 words
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Advertisement296 1979-01-05 13 NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES FAR-EAST/EUROPE RISED SERVICE a; o aauaac ss BMW H COtM. c. r«u. inm c wa KOK* WEST •0 KSMOO Vpn I *Mu >nM»H c*|# to/Iran liwfcw bu \w CONTAINER SERVICE n*VTBQr] IT?Wt7WTI ■hr ,ir STOUT 14 F«b 24 Fek 5 Mar 20296 words
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Advertisement466 1979-01-05 13 ■i Nedlloyd Lines Regular Liner Services To/ From All Parts of the World. Singapore Tel *****1 PortKeiang Tel *****1 Kuala Lumpur Tel ***** Penang Tel ***** MAERSK LINE f*r US Pick, Cril t Wwn a*< East Cmh (Atao wjggtor jjWgWfc Ta FULL* CONTAINERIZED FAST OR£CT MEEKLY i £2 n u466 words
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Page 14 Advertisements
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Advertisement775 1979-01-05 14 FULLY CONTAMERtSED TO EUROPE HMto| Eipreu Bremen Eipresi CarSfan Bay City EdMw£i Oukj bf Ebe Man EXPRESS CONVENTIONAL TO EUROPE S port P KeUnf Pen Mm Genoa Ifbwj Bliaven Man *nt»w Riedenteoi 5/1 7/1 11/ 15/2 PaM *>ckmtn 1/ 2 3/ 2 7/ 2 2/ 3 FULLY CONTAMERtSED TO GENQA/TRfSTE775 words
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Advertisement502 1979-01-05 14 barber blue sec I Franc US ATLANTIC MS GULf 1 EAST CAMOA a N Orium FA n/12 Ftk 11/1) Fe» 14/15 F«k 71/23 F* 21 Iter Feo 25 kbr Feb IS Mar Mat 1 Mar Mar Nni Mr* -mmmmr tm 7. -nor l*. -T*An*r jm is T« US ATLANTIC US502 words
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Advertisement635 1979-01-05 14 EVERGREEN LINE (EVERGREEN MARINE CORPORATION FAR EAST/RED SEA. MEDITERRANEAN 1 EXPRESS FULL CONTAMER SERVICE ALSO ACCEPTHG CARGO FOR GENOA. LATTAMA. BE RUT ALEXANDRIA. BENGHAZI. TRIPOLI (LBVA) 'MM Part M Umml Itffcan. fm Im HmuuH, 9km 1) <m 23 tm Him Mlm 31™ '"7 ftfc" 21 im 1M iF* )F» 1}635 words
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Advertisement797 1979-01-05 14 Everett Lines T"" 5 B F.S.S.C. Agents in Malaysia: TEPS MALAYSIA Port Keianf Tel (38) 7355 Penang Tei. *****/***** BX w m _i riim FM UST/QW. RR ECMPM MB HUM 10MMG FM GUATAQW. CALUO. MCA. QUQUE ANTOFAGASTA. VALPARAISO A»Aa OT«» EQUAOM PERU AW CMLEAN PMTS WITH TRANSHPMENT AT •MMmarn '•■"I797 words
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Advertisement672 1979-01-05 14 J J 1 > A i A y > y A iru inr r OCEAN SHIPPING ENTERPRISES PTE LTD KM 7 102 2103 21ST FLOOR MARINA HOUSf SM F NT ON WAV MISTR) ROAO SINGAPORF 2 Tfl *****44 7 2****** O SANKYO LINE AUSTRALIA SERVICE MKT PMQ TO MM.... mat672 words
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Page 15 Advertisements
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Advertisement451 1979-01-05 15 OCL Overseas Containers Limited canmniw gg to uh/cowot OtMßar AiMN ram«os»» soma from uk/contiot lAmM tain tat Mm R LUMPUR CONTMO AGENCES *****4 PJCELAAG *****6/ I PtNANC GUTHME BOUSTEAO SMPPM AGENCES *****1/3 RSCL Australia Straitsl Container Line (A MEMO 01 THE ANN) CONSORTIA!) RO-RO COWTARERSHP SEIMCE TO/FROM AUSTRAUA Swire Straits451 words
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Advertisement790 1979-01-05 15 GRANARD LINE RELIABLE 1 OEPENMBLf NON-CONFERENCE EXPRESS NEST BOUNMAR EAST/MEDITERRANEAN M MM WW .20* UK MM FMK V.21 M.. M«. (MOW FUNG V 23* MV MM HI 127* Spare PKttonf Nm( Laadbig tar ta Pari |1m II ton Dvbotiti PSad Aleuandfia Beirut lattaiua Pireaus Trioofc Benghazi/ Istanbul IS Im It790 words
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Advertisement575 1979-01-05 15 Ny BEN LINE CONTAINERS EXPRESS CONTMd SERVICE TO/HKM EUtOPE «/i 12/1 14/1 carri m TetaeEipms nmaaort h burg b have* roMt havre soton Germany Austria Benefci France MUK P *elan| Bremen Eiprtu bM M bM hM W bM i Eipm» 6/1 7/1 1/1 SaM U/l VI 21/1 12/1 29/1 Osaka575 words
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Advertisement596 1979-01-05 15 Scan Dutch V magi Kaon a urn a Span 1) Makes 2) Mm 3) Hbw| 4) Gtor vi mi mi n/i a/i i?/i a/i vi V 2 V 2 a/i i/i ivj ivi n/i »/2 a/* a/2 a/2 11/7 a/2 l/l VI VI OhM Dm 2VUU44 Ma* EASTBOUND FROM MED/UK.596 words
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Advertisement686 1979-01-05 15 »gc 111 GUTHRIE BOUSTEAD agencies THE BANK LINE LTD LOADS FOR E. ft S. AFRICA m. II P£. H-m a/a km im* a/a tm t a/n m WininiNCl f S OR f«<M SXn Mr-M LINE EXPRESS SERVICE DBtECT FROM SMGUORE TO NEW ORLEANS, MOBtf, HOUSTON. GALVESTON. ALSO ACCEPTBVG CARGO FOR686 words
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Page 16 Advertisements
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Advertisement681 1979-01-05 16 K LINE KAWASAKI KISEN KAISHA, LTD. Fxmss TO EUROPE Spore P Kelang I Havre *"4*» Hbuf Bremen Awerp VSHCm SH 9lnlo ta 26 I*l 27 1m 29 tan 301 m 1 fife sTnaaiM 1«1»> 17 lan 2 frt 3 Frt 5 Feb t Ft* If* KPIUKCOML U* 24 tan 26681 words
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Advertisement960 1979-01-05 16 H.S.A./EAST CANADA SERVICE ACCEPTBK FCL/ld COOT MOB FROM PfMNG P KEUNG. STOBE iu*« tm: m row. moii Penang hw P Ketong JMA" IHt-a SO) U/ll tan IVl7to* 13/14 ta* 111/12 ta* E.C./GREAT LAKES SERVICE tor NORFOLK m TOM. MOOTKM TORONTO A3IHTABULA DfTlOn. CMCMO CALIFORNIA/PACIFIC NORTH WEST SERVICE l**dh« tm: IDS960 words
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Advertisement417 1979-01-05 16 :r I'liiip SINGAPORE SHIPPING AGENCIES PTE LTD 7T \l\<rll'OKl ISI. IM)S lIM cwenmmmsm R C L Reponal Container Lines WEEKLY CONTAINER SERVICE TO/FROM BANGKOK STORE BANGKOK JADE BOUNTY ¥1 «/9 JAN 11/14 JAN JADE BOUNTY V 2 IC/17 JAN 19/21 JAN JADE BOUNTY V 3 23/24 JAN 2C/27 JAN JAOE417 words
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Advertisement396 1979-01-05 16 MALAYSIAN IN T[HNA TtONAL SUPPING CORPORATION BfBHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM HED/UK/CONTINENT/SCANOIN AVI EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T| Mini Spor» PAetant Penanf LoaM* tar B TMUOK h Part 7/ 9 tan Blona. 23/1 Cditl/lpool. 28/1 Hburi 2/2 Rdam 5/2. Aarerp. 1/2 QnD 12/14 tan 15/17 tan HDurt 4/2396 words
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Advertisement757 1979-01-05 16 t INTRfISEfI (PTE) LTD aber House 234E Orchard Road Singapore r Telephone ***** 1 l *****5' Afccrz-siiii 17 tm 21 kn 25 ka M/Mn/NwkaQ/ I'll 1U 17 Ftk !TEW RottoMm .4 i mmma (To) itb nutu nous ram? wo mi i mmm mm mm *mn ■naonusi—in mm jcum. aui/2 «<757 words
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Page 17 Advertisements
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Advertisement207 1979-01-05 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND MRECT LINER SERVICE TO E6YPT (PORT SAD ALEXANDRIA) STORE PT KL PENANG PT SAB Mil MM TRANS CARGO PLEASE CONTACT SCICIKER SINGAPORE TEL GENERAL AGENTS: L.N. SHIPPING PTE LTD Tel: *****11 (Singopore) TLX R*****7 SUB-AGENTS: H.S.H. (M) SDN BHD Tel: *****3/*****7 (KL)207 words
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Advertisement229 1979-01-05 17 Full Container Service to USA FEEDER «l STORE MOTHEI HK OAK L» GULF E/C A VesMt S/l S«»lrai» 1/1 CMctri lt/1 4/2 2/2 U/2 15/2 I 59 *«Ml U/l SCHtm 19/1 Pmcetan 24/1 U/2 9/2 19/2 21/2 139 ft/// Container Service from USA Mono «l E/C GULF OW L* M229 words
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Advertisement177 1979-01-05 17 ~~\GBN/ WEST AFRICA SERVICES CONTMNER SERVICE ETA STORE ETA LAGOS ETA PHAACOURT MV KYOSE) HAW 15 Jm (Feb 1 Feb (SEN NO. *****44) Acctptotf ia cmf tar Ljf*s Mm cjla| Dm*. tt'Nw. (tata TMU sabirct Mkmwl) UNCART SOUWEASTASA PTE LTD STORE Z2154M MKAftT SON BHD Hi 551W1/J PENAN6 (3127 CENTUM.177 words
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Advertisement240 1979-01-05 17 ar 4£*pr 944 igtd WEST BOUND LOADHG FOR MUSCAT. DUBAI ABU DHABI BAHRAM. KUWAIT ETA ETC AL FAMJ m* II J,, 19 FEXL GLORY VSSW I Feb EAST BOUND D6CNMCMG ONLY FEXL GLORY VIIE *131 ETA ETD 12 Jan 15 lan LOAOMG FOR Mania/*cafl/ft*uaMa (Tonfj) 6— *c«h Guifeast Shipping Pte240 words
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Advertisement65 1979-01-05 17 NOTICE J "*-v. 'Mtiu Co««r <Voy No I > arrived on 16th Drc 1978 ■I Paair Panjang Wharf (*odowa So. 303 General Survey of dar. *Ed cargoes ex the above *»sel will be held on Monday. Bth Jan 1979 as from 10 am lo 12 noon. 2 pra to 465 words
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