The Business Times, 7 February 1979

Microfilm: NL9996
Total Pages: 18
1 18 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 14C/1/79 WEDNESDAY, FEBRUARY 7,1 V» SO CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon EEC plea to Japan
      55 1 Reuter BRUSSELS, Tues. Common Market foreign ministers today urged Japan to offer bigger tariff cuts and so help speed the conclusion of the 98nation trade talks in Geneva. Failure by the EEC and Japan to agree on reduced tariffs has been a major stumbling block at
      Reuter  -  55 words
    • Article
      Lock icon Malaysian-Thai operations
      75 1 Reuter HAADYAI, Tues. Some 4,000 combined Thai and Malaysian army troops supported by Thai air force warplanes have lauched two new operations against communist guerillas in southern Thailand along the Malaysian border. Joint overall commanders, Thai Lieutenantgeneral Pin Thammasri and Malaysian Majorgeneral Datuk Abdul Jamil Ahmad, said that
      Reuter  -  75 words
    • Article
      Lock icon Sonoda voices concern
      83 1 Reuter TOKYO, Tues.— Japan and other major oilconsuming nations are seriously concerned about possible crude oil shortages stemming from the present political unrest in Iran, Japanese Foreign Minister Sunao Sonoda said today. Sources at Japan's Ministry of International Trade and Industry said the 19 non-communist industrial nations
      Reuter  -  83 words
    • Article
      Lock icon Teng for Tokyo
      66 1 UPI TOKYO, Tues. Fresh from his triumphant tour of the US, Chinese Vice-Premier Teng Hsiao-ping plans talks with Japanese Prime Minister Masayoshi Ohira tomorrow over Peking's anti-Soviet strategy for the Indochina situation, government sources said. The sources said the 74-year-old Vice Premier is expected to try to
      UPI  -  66 words
    • Article
      Lock icon Gold rumours denied
      55 1 AP JOHANNESBURG, Tues. Rumours that South Africa was diverting gold from normal markets to purchase oil, thus causing a scarcity of the precious metal, were denied today by a government spokesman. "Our total output continues to be sold in the normal way," the spokesman for the South
      AP  -  55 words
    • Article
      Lock icon Soviet missile tests
      62 1 Reuter SAPPORO, (Japan), Tues. The Soviet Union, brushing aside a Japanese protest, has gone ahead with missile tests near the disputed Kurile Islands northeast of here, senior Japanese military sources said today. They said ships of the 775-vessel Soviet Pacific fleet were firing the anti-ship missiles into
      Reuter  -  62 words
    • Article
      Dow Jones
      59 1 NEW YORK, Tues.— The stock market retreated slightly this morning as the dollar slipped and concern over the energy outlook. The Dow Jones average of 30 industrials, down 35 points in the past six days, slipped another 0.52 to 823.46 in the first half hour. Losers outnumbered gainers
      59 words
  • Chief Price Changes
    • Article
      SINGAPORE
      140 1 Rises Most Active Malayan Tin 1290 30 D Keramat 1080 10 H Par 386,000 Berjaya Kawat Duff IJev Hume M 195 193 206 10 8 6 S Darby Consplant 378.000 201,000 Tractors 535 5 KL Kepong 181,000 Grand Central C C M F E Levingston 173 494 282 4
      140 words
    • Article, Illustration
      K. LUMPUR
      147 1 Falls Most Active Oriental 600 MBS 250 K Kampar 295 OCBC 840 1 1 1 1 S Darby Consplant M Credit Boustead 421.000 310,000 272.000 170.000 C AC 360 -16 Total Turnover: 3.46m UOB 356 -14 Total Value M$8.61m NST 486 Wearnes 290 -14 -12 Indices K Sidim
      147 words
  • Article
    Lock icon Dawe: Court to drop 2 more counts
    301 1 AP THE US attorney in San Francisco moved on Monday to dismiss the two remaining bank fraud charges against international financier Amos Dawe. A Federal judge last Friday dismissed the other two counts of the indictment stemming from Dawes' purchase of three California
    AP  -  301 words
  • Article
    Sime raises US$165m more for bid
    678 1  -  BRIDGING FINANCE By OUEK PECK LIM SIME DARBY Holdings has arranged further financing facilities for its bid to purchase Guthrie Corporation. The latest addition to its war chest is U*****.9 million (nearly Ss36o million). The sum was raised in London from a consortium of
    678 words
  • Article
    Accent is on bilateral pacts, says Nixon
    543 1  -  By WANG LOOK KEAH AUSTRALIA'S international civil aviation policy (leap) is not a new form of protectionism that has been dreamt up. It is one which takes into account bilateral air service arrangements that respect the rights of other countries' carriers to participate
    543 words
  • Article
    S'PORE-KL TALKS
    147 1  -  By GOH ENG KEE SINGAPORE AND Malaysia will resume their talks on a new air services agreement in Kuala Lumpur on Monday. The threeday bilateral talks are expected to centre on the issues left unresolved at the last rounds in October 1978. The Singapore delegation is expected to
    147 words
  • Article
    P and O plans rights issue to revive Bovis
    307 1 A MAJOR reseK effort is about U be mounted by tbe P and O group to breathe new We into battered property and construction group Bovis South East Asia. An after-tradlng-hours announcement from tbe company's chairman and managing director, Mr Peter
    307 words
  • Article
    Lock icon Tokyo's yen holdings move hits dollar
    379 1 UPI Reuter THE US DOLLAR, reacting to an overseas dip and decontrol of non-residents' yen holdings in Japan, stumbled against the Japanese currency in Tokyo yesterday, closing trading at 196.95 yen compared with 201.75 at Monday's close. Trading was very heavy. One bank official
    UPI; Reuter  -  379 words
  • Article
    Leyland in danger
    93 1 A PAY STRIKE yesterday threatened Britain's biggest c%r firm, British Ley-, land:**"* The management said if it is engulfed by the present wave of industrial unrest, the state-run company might not survive intact. More than 100,000 Leyland workers will vote this week on a strike call is-
    93 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      28 1 whatever you need in menswear.getitat... MOHAN'S DEPT. STORE (PTE.) LTD. 321, Orchard Road lei *****22 (next to Mandarin Holei) Branch: 101, Tangtin ShoppinQ Centie "fci *****40 Daily 9am-9pm
      28 words
    • Advertisement
      Page 1 Advertisements Column 2
      64 1 FRATA NEWS SINGAPORE HONGKONG LCL AND FCL CONTAINER SERVICE WITH CONTINUOUS RECEIVING AT OUR WAREHOUSE NEXT SAILINGS "OSAKA BAY" CLOSING 8 FEB. "BENAVON" CLOSING 17 FEB. "HAMBURG EMPRESS" CLOSING 26 FEB. FOR RATES AND BOOKING PLEASE CONTACT: MR. TAN KAY HOCK MRS. JUDY TEO MISS MAY JUAN FRATA SHIPPING PTE.
      64 words
    • Advertisement
      Page 1 Advertisements Column 3
      47 1 SHIPPING TIMES 9H shareholders 2 RISKS 9t Sri Lanka's FTZ tex2 tile Mm to BUDGET speculations 3 BNP plans to launch into mertoin chant hanking 5 KL*B view of takeovers and RDB I, AIRCRAFT SCHEDULE i, RADIO A TV C. THE WIND 7. FOREX It, SHARES 11.
      47 words
    • Advertisement
      Page 1 Advertisements Column 4
      237 1 Coo/ healthy pollution free driving with J k mAßuenu k COOL /MASTEP AIR CONDITIONER 1 MOTOftS mnKTI) UMTTED 511 GOLDHILL PLAZA SINGAPORE 11 TEL *****2 240. LAVENDER STREET SINGAPORE 12 TEL *****80' *****29 •Leader...Page olivelli y t The Editor 4C—a robust, yet very elegant, machine. The heavy-duty Editor 4C is
      237 words
    • Advertisement
      Page 1 Advertisements Column 5
      3 1 SEE PAGE 5
      3 words
Page thumbnail Page 2
  • TRADE AND INDUSTRY
    • Article, Illustration
      SINGAPOREANS BUY SHOPS IN CALIFORNIA
      393 2 A MULTI-MILLION-DOL-LAR condominium, trade centre and commercial shopping complex in Oakland, California, is attracting considerable interest from Singapore investors and others who wish to develop their own sales outlets on the West Coast of the US. The SJ3SO-million project is called "Hongkong USA". When completed
      393 words
    • Article
      Garden jobs go auto
      209 2 AN AWARD-WINNING, automatic garden fertilising system made in Australia is now available in Singapore. Known as the Fertomat, the system is made by J.H. Wilberforce Pty Ltd of Perth. It is designed to fertilise at the same time as watering and can be used with a
      209 words
    • Article
      I/ACT programme at Shangri-La
      196 2 THE Institute of Advanced Computer Technology (I ACT), a joint-venture between the SGV Group and Control Data Institute (a division of Control Data Corporation), will be holding six courses at the Shangri-La Hotel this year. The first of these, entitled Effective Operations Management, will be held
      196 words
    • Article
      Expert care for pigs
      136 2 THE PONGGOL Pig Centre and the Kampong Java Veterinary Laboratory will receive $150,000 worth of equipment from West Germany this year under a bilateral technical cooperation scheme. Under this programme. West Germany will bear the costs of two veterinary specialists sent here to help in the
      136 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      242 2 MR Lawreaee B. Magau, 34, general manager of Shangri-La Hotel. Singapore, has been promoted to a vice-president of Western International Hotels, the prestigious international hospitality firm which manages the Shangri-La. His replacement at Shangri-La is Mr Michael C. Kalyk In his new position, Mr Magnan will take
      242 words
    • Article
      Soxal enjoys buoyant sales
      574 2  -  By JOHN LIM SINGAPORE Oxygen Air Liquide (Soxal) enjoyed a more than 30 per cent increase in its sales volume during the last financial year endW Sept 30, 1978. However, average selling prices slipped by 18 per cent as a result of the combined effect of
      574 words
    • Article
      MEMO PAD
      453 2 COURSES AND TALKS Jan 3-Feb 21: Statistics for Insurance Employees, SITC, SITC Feb 5- Apr 14: Diploma in Life Insurance, SITC, SITC Feb 9: How Training Paid off for One Organisation, Hotel Equatorial, STADA Feb 10 A 17: Vosper Pte Ltd training course, RELC, Vosper Feb 12-13: Finance
      453 words
    • Article
      COURSE FOR MANAGERS
      204 2 THE National Productivity Board is conducting a new series of courses leading to a Certificate in Business Management. The course is made up of six modules, namely general management, managerial accounting and finance, marketing management, personnel management, production management and legal and information services. This course is
      204 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      121 2 REMEMBER LAST YEAR 9 AND THE YEAR BEFORE 9 This year, send your goods south for the winter via U.S. Lines' ail-water service. Ship the sure way from the Far East to the East Coast—and at competitive cost tool ig? r u. 5N 7** 711 j kit W' T ~.p
      121 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      680 2 -11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Was upright, also centra) (5) 8 Letter to Idi from an urchin (5) 10 Ballet boys (5) 11 Is this vessel a quiet one? (3) 12 Less than large tin of tongue (5) 13 Prize for a knave and a dope (7) 15 Heights
      680 words
Page thumbnail Page 3
  • REGIONAL
    • Article
      Malaysia set to challenge US textiles findings
      431 3 Malaysia wiii challenge the preliminary findings of the US Treasury that it subsidises its textile exports. The Malaysian Deputy Trade and Industry Minister, Da(%k Lew Sip Hon, said yesterday the government was looking into the US findings which might lead to Malaysian textiles
      431 words
    • Article, Illustration
      Poison, poison everywhere. . .
      346 3 Poison, poison everywhere. HISTORY'S FAMOUS "poison"-ality Lucretia Borgia would have felt right at home in the Air New Zealand electroplating shop at Christchurch Airport jet base. The shop contains 60 baths full of poisonous solutions and acids capable of wiping out an army and destroying the bodies. However, the atmosphere
      346 words
    • Article
      Lock icon Age problem catches up with China
      502 3 AP "THE PROBLEM, frankly, is succession. China doesn't have anyone to take over once Mr Teng Hsiao-ping, 74, and the senior generation of revolutionaries pass on," said a member of the group accompanying the Chinese Senior Vice Premier on his visit to the United
      AP  -  502 words
    • Article
      Lock icon HK exchanges will be forced to merge
      239 3 Reuter THE HONGKONG government has decided to take firm action to force the colony's four stock exchanges to merge into a single unit. According to well-inform-ed sources in Hongkong, Financial Secretary Philip Haddon-Cave is to announce in the Legislative Council next week that
      Reuter  -  239 words
    • Article
      Lock icon Marlboro cigarettes for China
      80 3 Reuter CHINA has been sent its first consignment of Marlboro cigarettes, a spokesman for the Philip Morris Company said. "We have sent in the first consignment ever of Marlboro and we hope it will go on sale in Peking very soon," he said. "To meet the
      Reuter  -  80 words
    • Article
      Lock icon US troops continue pull—out in S.Korea
      202 3 UPI SECRETARY of Mease Mr Harold Brown said that the US is going to coutlnue Its troop withdrawals from Sontb Korea, despite a troop baildap la North Korea. la his testimoay to the House Foreign Affairs Committee, Mr Brown eoaflrmed that,"a higher level o(
      UPI  -  202 words
    • Article
      EEC and Asean can complement one another
      518 3 ASEAN AND the European Economic Community should cooperate in the use of economic instruments to promote their broad political ends, said Lord Shawcross, chairman of the City of London Panel on Takeovers and Mergers. According to the former Labour Attorney-General, there is much
      518 words
    • Article
      Lock icon Fertilisers for the poor
      183 3 AP AFP INTERNATIONAL fertiliser manufacturers have pledged to supply poor nations with a small amount of fertilisers at low cost if world trade prices soar as they did in 1974-75. The plan was arranged by the United Nations Food and Agriculture Organisation (FAO). It announced that
      AP; AFP  -  183 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      70 3 k m f THE GOETHE INSTITUT and Ik w THE NATIONAL MUSEUM present FESTIVAL OF GERMAN OPERA at the National Museum, Theatrette Feb 10: The Mastersingers of Nuremberg Feb 11: Czar and Carperter Feb 12 Feb 13 Feb 14 Feb 15: The Magic Flute Tne Marksman with Magic Bullets The
      70 words
    • Advertisement
      Page 3 Advertisements Column 2
      78 3 TANDARD PHOTO PTC LTD PRESENTS FIRST IN SINGAPORE t. New Super Service Lab 2 HOURS SERVICE Wv JL? s* i. ?nw ':|H| At MPH—STANDARD COLOUR LAO Afro-Asia Building Ground Floor Robinson Road Singapore 1 TEL: *****23 *****55 Come watch quality prints being made from latest No longer a secret art
      78 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article, Illustration
      Lock icon 'Fools' silver rules futures trade in NY
      777 4 NYT PLATINUM, normally one of the dullest precious metals, is rapidly becoming a major attraction in the futures market. Indeed, the industrial metals, not gold, dominated trading last week as fears of a global shortage of platinum, silver and copper grew. Brokers and
      NYT  -  777 words
    • Article
      RUBBER
      200 4 THE SINGAPORE rubber market yesterday opened 1.25 cents higher and thereafter was taken to a high of 242.50 cents for March, on steady London advices and speculative and trade buying with profit-taking well absorbed, dealers said. The morning session closed higher with February One RSS buyers quoted at 241.75
      200 words
    • Article
      RAS PRICES
      428 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 241.25 242.25N 242 50 243 SON Int. 1 R.S.S. February ***** 242 25 243 00 243 50 Int 1 R.S.S. March 242.25 242.75 243 50 244 00
      428 words
    • Article
      SSR and SMR
      131 4 NOON SSR and SMR price RA8 SSR JO (Mud palktl SSR SO 11 tun pallet) yesterday February (Correal Mthl Buyer* Seller* 235.50 237 50N 232.50 234.50 N Marck (Forward Mth) Bayer* Seller* 236 00 238. OON 233 00 235.00N MRELB March April .nmr rv SMR 51. SMR
      131 words
    • Article
      Palm oil
      73 4 C IF North European ports. In US dollars per ton unless otherwise stated LONDON: Mon Previous Malaysian 5Sffa bulk per tonne April 664s Ir 655qtd Sumatra 5H ffa bulk January unch 690s lr February 710slr 680s lr March 600slr 667' f sir April 685sIr 665pd May/July 672 sir
      73 words
    • Article
      Lock icon Firm copper price likely
      585 4 Reuter COMMODITIES Research Unit Ltd, (CRU) expects the present strength of copper prices to persist until the end of the second quarter of 1979, although it foresees a probable easing from last Friday's levels. At the end of last week, three months copper on the London
      Reuter  -  585 words
    • Article
      Mining panel in Perak to probe grouses
      226 4 THE All-Malayslaa Chinese Mining AatdktiH has praised the Perak government fsr setting ap a state mining coasaltatlve committee ts leek iats the prshlems s< miners In the state. Its president, Mr Hew See Toag, described the rnsve as a "very fruitful aad meaningful
      226 words
    • Article
      Closing prices
      29 4 Rubber: Feb 6 Singapore: February: 243.00 cents (up 3.25 cents) Malaysia: March 248.25 (up 3.25 cents) Tin: $1,886 (up $10) Official offering: 195 tonnes (up 5 tonnes)
      29 words
    • Article
      Straits tin
      72 4 THE STRAITS tin price in Penang yesterday rose another MJIO to $1,886 per picul to stand $186 above the International Tin Agreement ceiling, dealers said. Continued strength was attributed to a small volume of tin metal supplied by miners, sustained support from Japan, the Usand locally, and higher
      72 words
    • Article
      Soybean
      182 4 CHICAGO soybean futures, hit late by profit-taking and hedging, closed higher nearby but in the loss column in back months on Monday. Gains ranged from 5*4 to 2'« US cents a bushel while back months dropped 4'/« to 5 j 4 cents a bushe). Traders characterised movement as heavy
      182 words
    • Article
      Wheat
      84 4 WHEAT futures in Chicago on Monday resisted the late sell-off that trimmed gains in soybeans to close with gains of s'« to 2'« US cents a bushel. Traders said the day's dealings were dependent mostly on factors in other pits, namely strength in soybeans and silver. Local and commission-house
      84 words
    • Article
      Produce exchange
      376 4 COCONUT oil prices firmed yesterday as more orders poured in from overseas. Otherwise, the Singapore produce market was dull < throughout. Yesterday's strength in the copra and coconut oil market was sustained throughout following the mark-up of 143 per tonne by the Philippines. With more and more i
      376 words
    • Article
      Hongkong Comex
      122 4 THE SUGAR market yesterday remained quiet with one sale recorded against none on Monday, dealers said. The cotton market closed quiet with only one lot traded compared with two on Monday, dealers said. Sugar futures closing prices ('Mag Prrvtoaa Mch 8 30 8.75 iMAag 8 30 8.75 May
      122 words
    • Article
      Rice
      296 4 SINGAPORE: Yesterdays closing prices in SI per kilo, ex-godown: THAI WHITE: 100 pet first clui (Kangaroo), New crop O.K. 100 pet second elam 0 89. 100 pet third claa 0.17, 25 pet new crop no Mock, B-10 pet 0.75. THAI BROKEN: A-Riper 0 82. Special 0.56 THAI RICE: 55
      296 words
    • Article
      Textiles
      196 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) C«On yam: China Blur Phoenix 20k 2.396; 32s 2.915; Ms 3,100 (per bale at 400 lbs). PWt g»»S»: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq, Flower and Butterfly
      196 words
    • Article
      LONDON MARKETS
      840 4 OILSEED 6: Brokers reported generally quieter oils and oilseeds market yesterday with prices in some sections moving under Monday's highs. Heavy farm selling in the Chicago soyabean market at the close Monday curbed buying interest in Europe while Dutch and Belgian soyabean oil became available at or slightly
      840 words
    • Article, Illustration
      Lock icon New perennial strain from corn on the cards
      887 4 VAST IMPLICATIONS NYT DM A remote mountain region in Mexico, a perennial plant that crossbreeds with corn has been discovered, awakening hopes for producing a perennial variety of that food crop with revolutionary implications for agriculture. What has been found is a
      NYT  -  887 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      29 4 mm N.M. ROTHSCHILD SONS LIMITED announces that its merchant banking subsidiary in Singapore has changed its name from New Court Merchant Bankers Limited to N.M. ROTHSCHILD SONS (SINGAPORE) LIMITED
      29 words
Page thumbnail Page 5
  • OVERSEAS
    • Article
      Lock icon US foreign aid means money back
      310 5 UPI US SECRETARY of State Cyrus Vance urged Congress on Monday to support the Carter Administration's 1980 budget request for nearly US$9 billion (5519.5 billion) in foreign aid. Mr Vance defended the $8.9 billion economic and military aid request the largest slices going to
      UPI  -  310 words
    • Article
      Lock icon Carter has no right to deny contracts
      162 5 AP THE US General Accounting Office (GAO) said that President Carter has no legal authority to deny government contracts to firms that fail to comply with his anti-inflation guidelines. Even if his plan were legal, GAO witnesses told the US congress, it would
      AP  -  162 words
    • Article
      IMF chief calls for coordinated approach
      249 5 INTERNATIONALMone- < tary Fund managing direc- tor Jacques de Larosiere has said major economic problems are best tackled by a coordinated approach to non-inflationary economic growth. He said that countries such as Germany and Japan should maintain adequate rates of expansion while it is
      249 words
    • Article, Illustration
      Lock icon NO GO FOR PROTEST TRACTORS
      367 5 Reuter THOUSANDS of pricesqueezed US farmers were denied their weapon of protest yesterday by police who penned their tractors behind a phalanx of cruisers, buses, garbage trucks, cranes and wreckers. The police and the farmers accused each other of breaking faith in a demonstration that
      Reuter; UPI Photo  -  367 words
    • Article
      Lock icon British company directors put on a brave front
      803 5 Reuter COMPANY directors in Britain are less optimistic now than at any time in the last two years because of worsening labour relations in the country, a poll carried out by the Financial Times showed. But the directors are still moderately confident
      Reuter  -  803 words
    • WORLD IN BRIEF
      • Article
        Lock icon FARM PRICE FREEZE?
        565 5 Agencies COMMON MARKET agriculture ministers on Monday accepted proposals for a freeze on farm prices as a sound basis for negotiations involving the already-delay-ed European Monetary System (EMS), informed sources said, French Minister Pierre Mehaignerie said the Commission was undoubtedly acting in the best interests of the
        Agencies  -  565 words
    • Article
      Lock icon THE INFLATED FEARS
      151 5 Reuter FEARS that Britain faces a renewed beat sf severe iaflattea eased today with toe pabllcattoa the latest figures sf wbelesale price rise*. Jtat laager-term prespects are less premlslac, with Jadotry facing rislag fael aad raw material casts aad higher wage hills. Tsday's Department sf ladastry figures
      Reuter  -  151 words
    • Article
      Naval ships in wake of Harrier sales
      327 5 BRITAIN is quietly checking chances of selling naval and merchant ships to China after agreeing to supply Peking with Harrier jumpjet warplanes. This is another attempt to generate more business, an official of British Shipbuilders, a state-owned corporation, explains. "Right now the world
      327 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      728 5 ARRIVALS Service Local Operator Number Time From RBA BI32S 1200 BWN GIA GA9S2 1200 HLP SLA SQ240 1210 MES sia SQ201 1245 HLP MAS MH684 1250 KCH MAS MH651 1330 PEN KUL SAS SK973 1330 CPH/KHI BKK SLA SQ61 1340 BKK SLA SQ455 1340 BWN GIA GA900
      728 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      37 5 The Goethe-lnstitut Singapore presents a lecture in English on INNER CITY PLANNING CONFLICTS IN PRESENT-DAY GERMANY by Prof. Joseph Georg Hajdu Date/Time: 7.2.79 at 6pm (admission free) Venue: Singapore Professional Centre Blk 23. 129-B, Outram Park (3)
      37 words
    • Advertisement
      Page 5 Advertisements Column 2
      163 5 r ii European Asian Bank (Eurasbank) introduces its new investment facility Negotiable Certificates of Deposit. Money market instruments that can benefit you, the investor, in many ways. Negotiability by mere delivery is one such benefit. Reedy conversion to cash betore maturity is yet another. And, of course, higher rates of
      163 words
Page thumbnail Page 6
  • Article
    Tokyo must account for its action
    573 6 WHEN JAPAN decided to remove the 50 per cent reserve requirement on non-resident yen accounts, the effects on the US dollar must already have been obvious. As it turned out, the dollar collapsed against the yen immediately after the announcement was made. Removal of
    573 words
  • Article
    Don't be overtaken by takeover fears
    207 6 THE MALAYSIAN government has once again emphasised that it has no desire to nationalise foreign owned companies or to intervene in legitimate acquisition or merger bids by Malaysian based companies. This reassurance will, it is hoped, be taken in earnest by the foreign investors
    207 words
  • Article
    Policing the substantial shareholders
    1927 6  -  Justice; is even-handed and while wide powers are given the court to pnnish the large-scale and persistent insider-trader, there are also provisions to make sure that every chance is given the errant shareholder to defend himself. In this the last of his 12-part series on the
    1,927 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      259 6 APOLLO HOTEL Havelock Road. Singaore 3 Tel: *****1 AMBASSADOR HOTEL ***** Meyer Road, Singapore 15 Tel: *****11 CENTURY PARK SHERATON Nassim Hill. Singapore 10 Tel: *****7 CHEQUERS HOTEL 418 Thomson Road. Singapore 11 Tel: *****66 COCKPIT HOTEL 6 7 Oxley Rise, Singapore 9 Tel: *****1 GREAT EASTERN HOTEL 401 Macpherson
      259 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      28 6 BriStc<W'.'FJtiAicl)iGkcQS j Sou, nR. SRISTQUA -ne*cs NOUR Rece>f>r Tv 4£ 6CN/S MPP/C JOST N/OUK ®p\&GPoe TO I CB^.. nX)ST fnooj Kit4D. oe. Ne PRS NO IhIGLESC ftor u>eDeeseHew;
      28 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      876 6 Bonanza still showing BONANZA staged a false death but week what was npptsed to have heea the last tphiit sf this dreary repeat aeries shewed as iateattsa sf expiriag at all aad here we have The Cartwrights sa the Psaderssa Ranch a gal a sa ehaaael 5, USpo, ts hare
      876 words
Page thumbnail Page 7
  • Article, Illustration
    Sri Lanka a pointer to Third World's hopes
    1142 7 Colombo was recently the venue for the Asian region preparatory meeting for Unctad V conference to be held in Manila in May. Sri Lanka was an appropriate choice for the talks as it is a nation plagued with many of the problems
    1,142 words
  • Article
    STRAWS IN THE WIND
    335 7 THE MYSTERY of the Disappearing Floor has solved. You have, of •Wfrse, always noticed how flEgically Floor 12 melts IfiS* Floor 14 without any iViparent difficulty. But Bangkok Bank building has Jcome up with a way to tplease the superstitious as *•$ll as the economicallyminded. Floor
    335 words
  • Article
    Lock icon When will Americans stop spending too much?
    854 7  -  By ISADORE BARMASH NYT THE DIRECTION of consumer credit is always a matter of economic concern, for as consumer credit goes, so go the sales of homes, cars, household durables and other merchandise. But today, the concern is at a peak. Consumer spending
    NYT  -  854 words
  • Article
    By-elections put the budget in the shade
    987 7  -  [FORUM ...with John Tan UNDERSTANDABLY th e political scene is currently dominated by the canvassing for next Saturday's byelections. A by-product of the hustings is that this year there is an absence of the normal healthy speculation on what the annual budget will
    987 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      363 7 and where to entertain FORJAMNESE CUISINE, COME TO KIKU Japanese 0- s Serving authentic Japanese food Teppon YoKki Ipmpuro Shoshimi Suhiyakj Viobu Sf>obj Business Hours Lurxti —12 Noon —230 p m Or»o«* 630pm —1030pm Singapore Oncnlalnn 214 Duftcam Road Singapore Tel t>3U22 "COME, WINE AND DINE IN THE MANNER FIT
      363 words
Page thumbnail Page 8
  • INTERNATIONAL STOCKS
    • Article
      Lock icon Higher costs hit Comalco income
      297 8 Reuter COMALCO said its nearly steady 1978 profit despite a 26 per cent rise in sales value reflected changes affecting the company in international markets, a very flat domestic market and the erosion of margins due to continued cost increases. As earlier reported .after tax
      Reuter  -  297 words
    • Article
      Lock icon Marcopper Mining enjoys 150pc profit jump
      279 8 UPI MARCOPPER Mining, one of the Philippines' leading copper producers, announced on Monday a 150 per cent increase in its net earnings in 1978. Garth Jones, Marcopper president, said in his annual report net earnings in 1978 totalled 123.4 million pesos compared with 49.3
      UPI  -  279 words
    • Article
      Lock icon Pabst to buy Blitz-Weinhard
      165 8 Pabst to buy BlitzWeinhard Reuter THE PABST Brewing Company has announced plans for the acquisition of Blitz-Weinhard Company for cash and said it would cut its quarterly dividend by 20 US cents to 10 cents a share. The company did not indicated how much it would pay for the assets
      Reuter  -  165 words
    • Article
      West Rand losses
      45 8 WEST RAND Consolidated Mines expects a loss in gold production of at least 12,000 tonnes following an accident at Turk Shaft last Friday. The company said in a statement four shifts a day are presently being worked to repair the extensive damage.
      45 words
    • Article
      Lock icon Court's qualified order poses problems for United Tech
      716 8 NYT THE US federal court order issued last week allowing United Technologies to complete a takeover of Carrier presents United with some interesting problems. That's because the order is qualified, requiring United to "hold separate" the Carrier assets. The order will stand
      NYT  -  716 words
    • Article
      Rising concern over oil cutback dampens prices
      1246 8 NEW YORK GROWING concern about the impact of Iranian oil export cutoff on the US economy drove stock prices broadly and sharply lower in moderate trading on Monday. The stock market was also burdened by a sharp drop in the dollar and a
      1,246 words
    • Article
      Nikkei D-J dips below 6,100 level
      615 8 TOKYO THE NIKKEI Dow-Jones average fell below the 6,100 level for the first time in about three weeks, owing to liquidation and news that Saudi Arabia may decrease its crude oil supplies. On the other hand, resources-relat-ed issues which opened relatively weak, advanced sharply
      615 words
    • Article
      Hongkong
      319 8 AFTER AN unsteady opening yesterday, fresh speculative pushed the market onto higher ground until heavy institutional and overseas broker selling induced a wave of local profittaking and this set the trend for the day. Many attempts were made at a rally but, with no fresh positive news to affect
      319 words
    • Article
      Sydney
      411 8 THE MARKET rose sharply yesterday, led by copper and gold stocks on the strength of international metal markets, dealers said. Central Norseman rose AH.SO to Gold Mines of Kalgoorlie five cents to 96 cents and Emporer one cent to 38 cents, while Bougainville added seven to $1.92 and MIM
      411 words
    • EUROPEAN MARKETS
      • Article
        Zurich
        189 8 FEB 06 Francs Actions SuIiki Alusuisse Br. Alusuisse R*f Brown Boveri Br Clba 0*10 Br. Clba PC Clba Geltjr Ret Credit Suisse Br Credit Suisse Rc« Elektrowatt Br George rue her Br Globus Pc Hero Br Hoffman La Roche 1/Ml Holderbank Br Inter food Br. Jelmoll Be Motor-Columbus Nestle
        189 words
      • Article
        Amsterdam
        184 8 reb 08 n« ABN XUO -J Ahotd 1UJ0 -*T Akao MJO -0J AMFV MJO -0 4 Amfas ***** •1 Amrot Bank rr» •U iST" 25 -1 0J BoU MJO -1J BonumtJ 17S00 -i Bur h man n 1MB -u Bjrenkorf 90.00 02 CaJv* Delft iteoo •s Dell Ml) 12X00
        184 words
      • Article
        Paris
        247 8 rra as rt< COBBEILLE Alr-UquM* »l "J B 8 N Ocnrmfts C8r (Thoouonr»»j sit no ■4 -6 CM Prancalae det Petrolea is •1J Compafnle flniaclm ConiptfnK General* Credit Fonder De Prance 300 443 -S ■U Hachette rllhr.lrt.1 liuMnn Bull a* SIX ♦1 -1.3 Mlchetln (B). Paribai HMO SMJS -30
        247 words
      • Article
        Brussels
        91 8 FEB 06 Fri FORWARD MARKET Acac m uncn Art»«j nee uncn Aatvr T34 14 Braacan ill J Bru-Lamb IW uncb canpac 3K Cork in •H O* 1 r» B*n 213 aoo 1 +i Electrotwl M30 Ofe-tano-Bo M» fl*w 1172 -36 Hobok J 3190 120 Pttro 300 5 Ryl Dutch
        91 words
      • Article
        Frankfurt
        123 8 Acf-Tttefaaten MJO .1.1 mu$ -U MHJO unch IMM +M Bay Vtaak ST nmr JOJO 41 UUt *»1 flU* unch C—H« Cbem V«r* CHBMrabMtk 410.00 unch num II I Sojob is R 104J0 -1 »u *u Pt Tmn> MJO -U Dpekarboff ST A mm uua -i 235 00 -S l<j«
        123 words
      • Article
        Milan
        92 8 PES 06 LM AnbAaaoc Oen 34 JC MM •U -MO Central* r*i Ftnodcr 0«n Immob in pn iulcemenu Iiaioder MS SO OTJ 11XM oen 23M MM 177 -O-S -36 -1.9 0J! -31 -3M -rs M*(neu M P( Marelll Bre MUC M* aua ■ii -11 •1 MlrtiMuiTZZZZZZ Mondxtorl Montedsn MoCU
        92 words
    • Article
      Bangkok
      330 8 THE MARKET yesterday closed mixed with losses in the majority in mild buying support, dealers said. Among financial shares, Raja Finance gained 60 baht to 1,560, Bangkok Investment fell 12 to 340, Siam Credit dropped 14 to 148, Bank of Ayudhaya rose four to 276 and First Trust and
      330 words
    • Article
      Manila
      150 8 THE MARKET closed mixed yesterday with commercials and oils pasting gains while minings declined, dealers said. Turnover fell sharply to 26.8 million pesos from Monday's 35.0 million. Gainers were Landotl B, Oriental B. Seafront, Meralco and Yulcan while losers were Atlas Con B and Lepanto B FEB 06 Pesos
      150 words
    • Article
      Toronto
      194 8 FEB 06 CI amum rm A lean 41 -1 Alfoma Bank ltoat Bank Not* 8coUa Bell Tet a* 24* cm unch Belli Corp BP LH 21* •H Bmeu IIH Cuis Mad Lake Cad Imp Bk 41* 20* 24 Canpac In* Pf Carltnf ox««ft 10* B 4^ unch Com Bath
      194 words
    • Article
      Jo'burg
      312 8 FEB 05 Rand INDUSTRIALS A Alpha 146 unch Abercom 245 -8 AK And a m 2 Awir 1290 unch Barlow MO +3 Cg Sunr 530 5 210 4-2 Currk Finance 1006 Dc Been Ind 1450 unch Edcon M0 unch Edgars 4200 50 Evtrcttff Fed Voik ZZZ 215 5 120
      312 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Monday 480.7 Friday 487 J Week Ago 473.1 DOW JONE8 AVERAGE INDUSTRIALS Monday 823.98 Friday 834A3 Week ago 838.53 LONDON DOLLAR PREMIUM Momday #4*« to 96 V4 Friday «8>* to 87 H.K.HANG SENG Tuesday 562-22 Monday 588.80 Week ago 543.08 SYDNEY 1NDU8TRIAL8 Tuesday 488.96 Monday
      63 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      169 8 "Fifteen going on sixteen twenty tour That's reminiscent of a song. Which isn't what we want to tell you. Because we ve got other music for your ears The Perkin-Elmer 1624 System. We call it the "Sixteen Twenty Four". Sung Of course But no matter what you call it, the
      169 words
Page thumbnail Page 9
  • BANKING AND FINANCE
    • Article
      BNP plans to go into merchant banking here
      730 9  -  By COLIN CHEE ONE OF France's top banks is planning to set up a merchant bank here. Mr. Claude Blangero, manager of the local branch of the Banque Nationale de Paris (BNP), confirmed that the bank will go into merchant banking within
      730 words
    • Article
      Lock icon Seoul eases ban to aid small industries
      297 9 Reuter THE EASING of South Korea's ban on foreign loans of less than US$5 million (Ssll million) effective February 1, compared with the previous minimum of 110 million calls for these loans to carry annual interest rates of less than one per cent
      Reuter  -  297 words
    • Article
      Lock icon BoA cuts rate
      45 9 Reuter BANK OF America (BoA) has reduced its broker loan rate to 10 3/4 per cent from 11 per cent, effective last Friday. A spokesman said the rate was lowered to maintain the bank's competitive position in the broker loan market. Reuter
      Reuter  -  45 words
    • Article
      Lock icon JAPANESE M-1 ROSE 0.2pc IN DECEMBER
      145 9 Reuter JAPAN'S seasonally-adjust-ed average M-l money supply rose 0.2 per cent in December after a revised 0.5 per cent gain in November, giving a year-on-year rise of 10.8 per cent, down from 11.4 per cent in November. The Bank of Japan said M-l at
      Reuter  -  145 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        470 9 THE US dollar continued to slide on the foreign exchange market yesterday as political strife kept up its momentum in Iran. Japan's recently-announced trade deficit had little effect on the American currency. Opening at 199.60/70 against the Japanese yen, the dollar was actively traded down by Tokyo's close
        470 words
      • Article
        MLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.75 per cent.
        21 words
      • Article
        London
        249 9 THE DOLLAR yesterday weakened further at the opening against all major currencies compared with Monday night's closing, dealers said. Against the deutschemark, the dollar opened at 1.8590/8600, only slightly easier than New York's closing 1.8600/10 but half a pfennig lower than its 1.8637/47 close here. Sterling was steady on
        249 words
      • Article
        Frankfurt
        57 9 Frankfurt exchanges opening quotes on Feb 6: US 1 8560 75 (1 8640 50) Can 1.5525 45 SIR 3.70 3.71 D F1 92 60 70 S Fr 110.30 60 Lit 2.215 225 F Fr 43 48 63 N Kr 38,38 48 B Fr (con) 6.351 361 B Fi (fin)
        57 words
      • Article
        Gold
        408 9 GOLD futures yesterday turned easier after a firmer opening but prices still closed higher on balance from Monday, dealers said. Opening quotations were marked up sharply between US$7 to $9 in most positions in line with the metal's firmer overnight close in New York and other overseas markets. The
        408 words
      • Article
        Tokyo
        168 9 THE US dollar for overnight delivery yesterday closed weaker at 196.96 yen, compared with a 199.50 opening and 201.75 at Monday's close. The US currency extended its early weakness in moderate late trading, falling substantially on increased selling by both Japanese and foreign banks following the announcement that Japan
        168 words
      • Article
        Asian $ rates
        187 9 Asian rates ASIAN currency deposit interbank rates as at close on Feb 6: US Dollar**Spot) Offer B.d 7 days 10'« 10'« 1 month 1011/*****/16 2 months 1013/*****1/16 3 months 1015/*****5/16 6 months 113/16 111/16 9 months 11 U 12 months It 1 U 1 month 3 months 6 months 12
        187 words
      • Article
        Discount
        50 9 Range of price* offered by discount houses on Feb 6: Overnight 3" > to4':'« Call deposits 4' to 4' rioaii* Bayiag Selliag 3 month Treasury bills 4 7/16 4 5/16 3 month Bank bills 71 7'.3 month CD 7' 7'« 6 month CD 7 7'j Source: National Discount Co
        50 words
      • Article
        Hongkong
        226 9 THE US dollar yesterday recovered from its lows around midsession on some European buying interest in late trading. Dealers said late trading was fairly quiet and nervous with activity centred on the dollar-yen following the US unit's earlier fall on news that Japan Will drop its reserve requirements on
        226 words
    • Article
      Lock icon Economist predicts rising US interest rates
      268 9 Reuter US INTEREST rates will rise rapidly this month and next and peak in June, with prime rates at 13 per cent. This is a forecast made by Chase Econometric Associates Inc chief economist Mr. Michael Evans Primes are at present around the 11
      Reuter  -  268 words
    • Article
      Lock icon HK banking liquidity up slightly
      91 9 Reuter THE average liquidity of Hongkong banks rose marginally to 46.22 per cent from 46.20 per cent in November. The colony's Banking Commission figures show that deposits rose to HK566.86 billion from $65.28 billion the previous month while loans and advances in Hongkong rose to
      Reuter  -  91 words
    • Article
      Developing commodity markets a must for KL
      502 9 MONETARY stability is an essential pre-requisite to economic growth as it is a powerful force in motivating savings essential for investment activity. It is also essential to win the confidence of foreign investors, the Governor of Bank Negara, Tan Sri Ismail bin Mohammad
      502 words
    • Article
      Lock icon FNBC lowers its prime to 11.5pc
      183 9 Reuter AFP FIRST National Bank of Chicago (FNBC), America's ninth ranking bank has lowered its prime rate from 11.75 to 11.5 per cent. The Chicago bank thus followed the example set last week by Chase Manhattan, the third biggest US bank, and by another
      Reuter; AFP  -  183 words
    • Article
      Lock icon Lehman Brothers plans new form of investment
      432 9 Reuter LEHMAN Brothers Kuhn Loeb Inc plans to bring a new investment medium, a mutual fund of foreign currency-denominated debt securities, into operation before the end of this month. Lehman Brothers Management Co. president Mr. Sheldon Gordon said late last year, Bank Julius
      Reuter  -  432 words
    • Article
      Lock icon Treasury bill yields drop at auction
      297 9 Reuter THE US Treasury said yields fell at Monday's regular weekly auction of threeand six- month Treasury bills. The average yield on the three-month bill dropped to 9.186 per cent from 9.324 per cent at the previous auction, while the average yield on the
      Reuter  -  297 words
    • Article
      Lock icon HYUNDAI BORROWS
      57 9 Reuter HYUNDAI International Inc has signed a US$7B.7 million (Ssl7o million) loan with a spread of 0.75 per cent over London interbank offered rate with 20 banks participating. Joint lead manager BankAmerica International group said the loan is for 10 years with a four-year grace period. The other
      Reuter  -  57 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      361 9 ijij mm: A HOME? Then look for it in Business Times classified property advertisements an easy to read guide to the available properties at the top end of the market. Home-hunters are especially catered for in the new LEISURE TIMES supplement that comes with Business Times every Saturday morning. If
      361 words
Page thumbnail Page 10
  • DEALS DONE ON THE SES AND THE KLSE
    • Article
      In Singapore
      1755 10 m J" BID and offer prices officially 'listed and business in and reported to the Stock Exchange a of Singapore yesterday with the number of shares traded shown brackets In lots of 1.000 units unless otherwise specified All Time Settlement Contracts «are quoted after the word "sett". Big
      1,755 words
    • Article
      Stock options
      91 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday, the period, bids and offered prices and business done, if any. with the number of options traded shown in brackets. Hame F E (March $1.80) (0 488 0.575). taeheape (March $1.30) (0.408 0.495). Semb
      91 words
    • Article
      Government bonds
      134 10 4 1/2** 1 8/80 (250.000) (99 228) (4) 99.30 4 3/4% 15/9/80 (250.000) (*****) 5% 15/4/81 (250.000) (99 755) 5"? T K 1/5/83 (250.000) (100.108 100.20S) -v 5 3/4% T F 15/6/81-84 (250.000) (102.305) 5% 13/11/84 (250,000) (*****8 100.05S) 7% 15/4/85 (250.000) (100 808 100 955) 7% 1/8/85
      134 words
  • Article
    Unit trusts
    152 10 SING APORE UNIT TBI ST INCOME BOND 1 NIT (NiMitn' price far Feb 7) (('arrest pr Ira) The Commerce 2 26 2.40 Income Bond 114 1.20 The Savin# Fund 141 ISO S'pore Prog Fund 100 106 S pore Sec. Fund 1 84 195 S'pore Invest Fund 130 1.38
    152 words
  • Article
    SHARE INFORMATION SERVICE
    2634 10 Gr'» Gr's Net 1978/78 Last Div Div Y'ld P/E Vol Day High Cow Company Sale or- C'vr ('000) High Low SECTION ONE INDUSTRIALS t 272 132 Acma 220 -3 12.0N 1.3 5.4 23.9 6 222 220 ,-w 190* 123* Alcom 185 10.0 2.2 5.4 13.7 178 107
    2,634 words
  • Article
    In Kuala Lumpur
    1908 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. industrials Alcam (1 MB) (1) 1.93 (21) 194 AMI Hold (1 198).
    1,908 words
  • Article, Illustration
    PLR increase creates wave of selling on Exchange
    661 10 NEWS THAT the prime lending rnte has been raised to as high as 8-1/4 per eent set off a wave af selling an the Stock Exchange af Singapore yesterday. Lasses, quite sharp In same cases, were recorded across a wide frant. Rising
    661 words
  • Article
    Share prices in Kuala Lumpur broadly lower
    467 10 MODERATE SELLING pressure forced share prices broadly lower on the Kuala Lumpur stock market yesterday. Initially, there was some willingness to buy at the lower levels but when demand was too quickly satisfied, the market resumed a downard trend. Prices lost further ground
    467 words
  • Article
    LATEST RESULTS
    35 10 NATIONAL IRON AND STEEL MILLS Unaudited results for the year ended Dec 31,1978: Group pre-tax profit: 137,679,000 ($17,296,000); Attributable group net profit:$21,668,000 ($12,247,000); Company pre-tax profit:$35,574,000 ($16,595,000); Attributable company net profit :$2l,034,000 ($11,906,000)
    35 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article, Illustration
      Marginal profit rise at Perlis Plantations
      825 11  -  By DAVID CHOW GOOD weather conditions boosted the sugar plantation business of Perlis Plantations last financial year, resulting in a marginal rise in group pre-tax earnings to $27.07 million from $26.3 milRon last time. But performance in the second half was below that of
      825 words
    • Article
      Unit Trusts bear less equity risk
      1359 11 UNIT TRUSTS are a uefil device to enable small mad aat-sa-small investors to piek ip a stake la equities bat the way they wark aad what eaa be expected ot them sften give rise to qnestlans. Often deertbed as "npeaended" fnnds, salt trusts by
      1,359 words
    • Article, Illustration
      Sime bid for Guthrie is a normal business deal
      632 11  -  By NOORJAHAN KARIM THE CITY of London Panel on Takeovers and Mergers considers the recent takeover bid by a Malaysian company of a UK-based company to be a normal commercial transaction. In responding to Datuk Seri Dr Mahathir Mohamad's reference to
      632 words
    • Article
      Alcom to plan $50m expansion project
      170 11 GROWING demaad for alnmlnlam sheets la Ml domestic and export markets Is prompttag the Atemlalim Company «I Malaysia (Alcom) to plaa a W million expaaaloa programme of Its sheet rolllag facilities, Its maaagteg director, Mr Donald Crllly said. To meet Increasing demand for alamlalam
      170 words
    • Article, Illustration
      Lock icon Insist and they shall desist
      278 11 flam 3SQBCL.. by HOCK LOCK SIEW MANY OP (V readers have called as to complain abaat the lengthy waiting perlad involved when they send in their certificates far registration. This is a frustration which can he terrifying especially la times when share prices are andergeing
      by HOCK LOCK SIEW  -  278 words
    • Article
      THE SINGAPORE TRAC- TION CO (1964) LTD
      89 11 an- nounced that at an EOGM held on Dec 27, the following resolutions were duly pass- Ed: (i) that the company be wound up voluntarily pursuant to Section 254 (I) (b) of the Companies Act, Cap. 185. and that (ii) Messrs John Maxwell
      89 words
    • Article
      JOHAN TIN DREADGING
      54 11 has informed the KLSE that its mining operations had ceased since mid-November last year.This is due to the depletion of tin deposits. This prompted a query from the KLSE. Johan asked to furnish the exchange their plans for the future and the composition of Johan's assets as
      54 words
    • Article
      ON ITS sixth day of com- missioning
      234 11 the new comput- erised central clearing system of the Stock Exchange of Singapore is still not getting anywhere close to efficiency. On the contrary, it is running into more problems every day. The latest relates to how married deals should be treated. Should
      234 words
    • Article
      DIVIDENDS ANNOUNCED
      213 11 Current Ex Book* Date Total for Total for Payment Date Cioae •ayable the year Previous year M Cement I2.5%(n) Dec IB Jan 11 Feb 8 12.5% 20% BAT 17* Jan 22 Jan 26 Feb 10 17% Shangri-La 8% I Feb 1 Feb 8 Feb 15 8% 15%(&) Perils
      213 words
    • Article
      SCRIP ISSUE
      108 11 Company Particular* Ex Date Book* Close C AC Bonus Issue of 1 for 2 Feb 2 Feb 9 MBS Rights Issue of 1 for 2 8TP (197ft) t S2.00 per share Feb 7 Feb 10 Bonus Issue of 1 for 3 Feb 13 Feb 20 P. Product* Bonus
      108 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      129 11 A PENGUIN •> f 4* y. M y. B v W THE MALAYAN TRILOGY This famous trilogy wittily dissects the racial Time for a Tiger "His characters are and social prejudices of post-war Malay splendidly mad First class" during the chaotic upheaval of Independence. rh o !n tho ol Thrruinh
      129 words
Page thumbnail Page 12
  • Article
    Lock icon Pertamina feels bite of rupiah devaluation
    607 12 AFP THE RUPIAH devaluation has started to bite with yesterday's reports that the Indonesian oil company, Pertamina, was facing difficulties in seeking funds to maintain the present oil production and that foreign investors in Jakarta were losing. Pertamina manager Piet Harjono told parliamentary commission
    AFP  -  607 words
  • Article
    Land for airport ahead of schedule
    146 12 RECLAMATION of about 700 hectares of land for the costruction of the new international airport at Changi had been completed seven months ahead of schedule. The job was completed by a Japanese joint venture in July last year. The firms involved in the venture
    146 words
  • Article
    IRAN: NO TENSION
    71 12 JET FIGHTERS roared overhead as thousands of supporters of Ayatollah Ruhollah Khomeiny gathered today to hail the new parallel Prime Minister he has appointed, Dr Mehdi Bazargan. Nine F-4 Phantom fighters made repeated low sweeps over the capital as demonstrators gathered on Shah Reza Avenue. But there
    71 words
  • Article
    KL not planning nationalisation of foreign firms
    751 12 THE MALAYSIAN government has neither the intention to forbid Malaysianbased companies from engaging in legitimate acquisitions and mergers nor the desire to nationalise foreign-owned companies, Datuk Sen Dr Mahathir Mohamad said. M We will not nationalise that is a promise we have made
    751 words
  • Article
    Strong link with Britain
    327 12 MALAYSIAN Finance Minister Tengku Razaleigh Hamzah has said that close historical business links between Britain and Malaysia remain strong in the present changing world economic situation. In a speech at a financial seminar in London yesterday, Tengku Razaleigh said Britain continued to enjoy a large percentage
    327 words
  • Article
    LONDON STOCKS
    827 12 LONDON, Tues.— Prices closed mixed with industrials and government stocks easier due to nervousness over current industrial disputes and the economic outlook while South Africa gold mining shares and oils firmed, dealers aid. Leading shares lost around 2 p to 5 p in thin trading, and at 3
    827 words
  • Article
    SUPREME COURT UPHOLDS DEATH SENTENCE ON BHUTTO
    232 12 PAKISTAN'S Sipreme Cwt yesterday dismissed •a appeal bv farmer Prime Minister Zulfikar All Bhutto aad ia a split ruling upheld the death sentence passed m him far entering the killing nf a political opponent. Court —urces said the seven Supreme Caart Judges were
    232 words
  • Article
    Jakarta gets $160 m aid
    57 12 THE United Nations Development Programme (UNDP) will double its assistance to Indonesia to US$74 million (Ssl6o million) for the next five-year development plan starting April 1. The new assistance will cover such fields as agriculture, forestry, fishery, small industries, human resources and manpower development, social
    57 words
  • Article
    Chiam sends specimen cards to voters, too
    431 12 THE PEOPLES Action Party has finally unleashed its "secret weapon" the specimen election card with the voter's serial number to intimidate the voters, according to independent candidate for Potong Pasir Chiam See Tong. However, he felt the PAP will not get away with
    431 words
  • Article
    Vietnam mail delay
    66 12 SURFACE mail services to Vietnam are suspended until further notice owing to the non-availability of service outlets. The Postal Services Department said that all surface letters and parcel mail for Vietnam, posted prior to the suspension of services, are subject to delay or may be returned to
    66 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      81 12 Just pick up the phone and Emery picks up the responsibility. When you're busy meeting deadlines, controlling inventory, hounding suppliers, maintaining client service and developing new markets, it's reassuring to know that there is an air freight company which treats your business as seriously as you do. That's Emery Air
      81 words
    • Advertisement
      Page 12 Advertisements Column 2
      8 12 •SEE PAGES 3 AND 11 SEE PAGE 3
      8 words
    • Advertisement
      Page 12 Advertisements Column 3
      220 12 INDUSTRIAL PROPERTIES WE SPECIALISE IN ALL SECTORS OF THE PROPERTY MARKET THROUGHOUT THE WORLD. OUR SINGAPORE OFFICE UNDERTAKE AGENCIES FOR ALL INDUSTRIAL PROPERTIES ON BOTH SALES AND LEASE. WE HAVE A FULL RANGE OF HIGH QUALITY FLATTED, TERRACED AND DETACHED FACTORIES INCLUDING FLATTED WAREHOUSES AND INDUSTRIAL SITES. WE PROVIDE CONSULTANCY
      220 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      58 12 Outlook for Singapore from 6 a.m. to noon today: Occasional showers. Report for 24 hours prior to 7.39 p.m. on Feb S at the airport: Maximum temperature 29.5 Associated humidity 74 Minimum temperature. 23.2 Associated humidity 100 Hours of sunshine 2.50 Rainfall in millimetres 13.1 Total rainfall for the month
      58 words
Page thumbnail Page 13
  • SHIPPING TIMES
    • PORTSIDES
      • Article
        EAC vessel
        112 13 THE EAST Asiatic Company of Copenhagen (EAC Lines) took delivery of the m.s. Sinola, the third of five liner replacement vessels last week. The ship, built at its shipyard at Naskov, will be used for its Transpacific service. The Sinola which is named after a state in Mexico,
        112 words
      • Article
        Lock icon Larne traffic record
        78 13 Lloyd's List FREIGHT and passenger traffic through Larne Harbour reached record levels in 1978, to enchance its reputation as Northern Ireland's busiest cross-Channel port. Figures released show that 1,250,600 passengers—a 13.5 per cent increase over the previous year—travelled through Lame.Volume of goods handled increased 17.5 per cent
        Lloyd's List  -  78 words
      • Article
        Lock icon Rate increase on June 1 ?
        84 13 Rate increase on June 1 UPI THE Philippine North American Conference (PNAC) is considering a 12 per cent general freight rate increase starting June 1, a PNAC spokesman said. PNAC originally intended to Impose the 12 per cent hike on May 1 but moved the date to June 1 to
        UPI  -  84 words
    • Article
      S'pore woos marine firms
      625 13  -  TECHNOLOGY TRANSFER By RAHIM KASSIM SINGAPORE yesterday once again invited marine component manufacturers to set up their operating base here to beef up the Republic's skeletal marine support industry. Communications Minister Ong Teng Cheong told participants of the four-day Asia Marine '79 which opened at the
      625 words
    • Article, Illustration
      Anro Australia drydocks
      274 13 ANRO Australia, aae sf the hybrid rall-aa roll-aff and lift-on Uft-aff cmtaiaerships sf the Abn Consortium, slipped into Keppel Shipyard reeently far its first gmaraateed aaaaal decking. The 11,477 dwt vessel owned by the Aastrallaa lines, aae sf the fsar members sf the caaaartiam, was csmmisisßed in
      274 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      2756 17 SHIPPING LIST where your ships are due and when 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
      2,756 words
    • Article
      The Consortia
      122 17 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. 'K' Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO (STRAITS/AUSTRALIA): Australian National Line Australia/Straits Container Line Nedlloyd Lines Neptune Orient Lines JASCOL(STRAITS/
      122 words
    • Article
      INDEX
      537 17 SkippUft LILCal ACS n «5 Afea TV 3 Aguila IV 2 Alfred V 4 All trans V 3 Alpac IV 5 Angkutan IV 3 ANL I 1 APL m 2 Arya Nat n 5 ASCL m 5 Asia Merchant m 2 AustCont IV 5 Bank n Banner V 4
      537 words
    • Article
      Container Schedules
      886 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change i delivered to the (2) All export FCL containers and LCL cargo must be Authority's premises during
      886 words
    • Article
      Who acts for whom
      889 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. Toepfer Line— Intermodal. Algerian National Line (CNAN)-Uni pacific. Alpac
      889 words
    • Article
      Lock icon Munchen the most serious casualty
      1065 18 FT THE disappearance, in an Atlantic storm, of the giant barge carrier Munchen, involving the marine insurance market in its most expensive loss, is the most serious casualty in a year of almost constant marine disaster. Together with the more recent tanker casualties while the
      FT  -  1,065 words
    • Article
      Tasos grows with Soviet fleet
      285 18  -  By RAHIM KASSIM THE JOINT Thai-Soviet company, Tasos Shipping, set up in 1975, has grown hand in hand with the expansion of the operations of the Soviet merchant marine in the region. The need for Tasos, an agent and broker for Soviet ships at Thai
      285 words
    • Article, Illustration
      SHIPS IN PORT
      343 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Apollo Peak (1800 after Hizbul Bahr) 1/2 Bunga Raya (1000 after Martha Bakke sails) 33/34 Centaur (0830) 45 Kota Ratna (after Kota Benar) 10 11 Nedlloyd Fremantle (1000 after Nedlloyd Marne) 3/4 New Panther (after Kota Benar)B/9 Mars Bell (1500) 19 Perlis
      343 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      447 13 direct diversified dependable SERVICES TO/FROM USA AND CANADA Agents Barber lines Singapore Pte U«J Harrisons A Croslield Kuala Lumpur Pernas-MISC Penang Tel 9265 1 Tet: MMI/I Tel ***** A K I )l M \\l A H r Orient Overseas Co*tlcU*tesi Line FULLY CONTAICRfiED SERVICE TO EUROPE (VIA SUEZ) Spore PKeUnt
      447 words
    • Advertisement
      Page 13 Advertisements Column 2
      297 13 n m UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ARABIAN GULF WEEKLY SERVICE Vessel I S pore I Loading for 11/2 Kuwait (22/2). Dammam (2/3) Abu Dhabi (4/3). Muscat (6/3) BN YOUNUS 28/2 Dubai (10/3). Abu Otiabi (13/3),
      297 words
    • Advertisement
      Page 13 Advertisements Column 3
      101 13 FAR-EAST/EUROPE Y CONTAINERISED SERVICE ir« f* it f* ftk MM STRAITS/AUSTRALIA CONTAINER SERVICE Mar 23 Mb MB an* Mb 21 Kb Mb Mb IV M* 13 Apr rI^JKJLJH-LU 12 Apr »*r 'Mm Kciptoif fraoftpmrt cb|« It/ktm U.S.A. CONTAHER SERVICE TO NEST COAST (USA): OltU I Bcack 0 land I won
      101 words
    • Advertisement
      Page 13 Advertisements Column 4
      746 13 HONG KONG ISLANDS LINE s\ v See Page IV Column 3 tor tailings Agents Singapore Shipping Agencies Pte ltd M*rtfta| 9i] j2. y Gtnerti *****1 <V M sid turo Ava line Sdn Bhd M => Kit*, 3*MC 3 PfIWWG M7I1? MAERSK LINE ■mi.-P'yTr-f'i/ 1 u1 i. 1 u FULL* CONTAINERISED
      746 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      736 14 Mr «< C**vfh Sailed In Port 1/3 3/3 4.3 7/3 TriM Earns 13/2 15/2 9/3 11/3 12/3 1V3 Out* Bay 22/2 24/2 17/3 20 3 21/3 24/3 [be Mm 28/2 20/3 22/3 23/3 26/3 Bcnavon 4/3 5/3 26/3 29'3 30/3 3/4 Liverpool Bay 9/3 11/3 3/4 6 4 7/4 10/4
      736 words
    • Advertisement
      Page 14 Advertisements Column 2
      464 14 barber blue sea Fmc US ATLANTIC US GUf ft EAST CANADA Feb 5/ C F<b 21/22 Mar 13/1} Mr 11/19 %r Feb 9 Fab 24/2 C Mar 15/16 *r 21/22 4/5 FA 14 Mv 3 Mar 21 IMi 27 Apr Feb 15 I Mar 5 Mar 22 Mar 20 *r
      464 words
    • Advertisement
      Page 14 Advertisements Column 3
      632 14 EVERGREEN LINE (EVLRGREEN MARINE CORPORATION* TTTTTT} FAR EAST/RED SEA, 1 EXPRESS FULL COHTAIO SERVICL ALSO ACCCPTMG CARGO FO* GENOA. LATTAKIA. BE RUT ALEXANDRIA BENGHAZI. TRIPOLI (LIBYA) Tsm 'MM Ltftan F» Em H** to Pwl UFA 22M »F* IM> 2 Urn JMr ifw Mute UM MF4 9M 2Mb IH> II Mb
      632 words
    • Advertisement
      Page 14 Advertisements Column 4
      988 14 Everett Lines j Burin Fivt Star 9iipp»| Carpa. "BURMESE NATIONAL LINE' LOflflNK FOI KJMBOOM SM6JPOK m CJM6TOJ «*>»** irm M/ 15 Ft» B F.S S.C Agents m Moloyuo TEPS MALAYSIA Port Kctang T«l"38>-7355 Penong Tet *****/***** Campaaia Arfantim Dt Iwimw latircMtiMaUl S. A. C.I. F. "ARGENTINE NATIONAL LINE" PUAGOMA ARGENTBM
      988 words
    • Advertisement
      Page 14 Advertisements Column 5
      698 14 I UO.S.E. 1 OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHFNTONWAY MISTRI ROAD SINGAPORE 2 TEL *****44 78. 22 ***** io SANKYO LINE AUSTRALIA SERVICE 111 MM THREE STM hi Part 75/21 ftb 9/11 Feb SID. ML. ADEL 1/2 Mir STO, ML. ADEI mat turn
      698 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      823 15 OCI Overseas Containers Limited SERWCE TO UK/COOTBCMT: Cityal EMftrgk Tokio [4ms frme. (ipress 2» Mar ISA, CONTAMCRSHV SERVICE FROM UK/CONTHENT H"buri Brcm 8 dan Itn SKxi PRatang S owe Halt Parte OtAatoy W UM bU SM lh» ltNk WHS tan SaM UM bM bM UW 20 Fak *.RS nuM> «n
      823 words
    • Advertisement
      Page 15 Advertisements Column 2
      765 15 GRANARD LINE I Granard Shipping Agencies iSI Pte Ltd Tel *****77 15 Lines) D»n s Trjdinq Sdn B*d A/zj Shipping T'adtng 6 nterpnses AMERICAN PRESIDENT LINES >1 STRAITS EXPRESS CONTAINER SERVICE Loadmf for New York, East Coast and Guff ports by Mn-landbridfe Los Anfeies, San Francisco and Seattle PRES. EISENHOWER
      765 words
    • Advertisement
      Page 15 Advertisements Column 3
      644 15 s BEN LINE CONTAINERS comma srwce to/from eumpc TO MOW Oral l«i(n>m S para P Man Safcd to Part IV? 15/2 22/2 24/2 0/3 11/1 11/3 U/3 a/3 22/3 N-KJK 8 WVEN ICKMT' A«tna 1/3 VJ V 3 U/3 12/3 20/3 20/3 22/3 21/3 29/3 V* t/4 31/3 2/4 11/4
      644 words
    • Advertisement
      Page 15 Advertisements Column 4
      521 15 Scan Dutch *9 [5 *1* Siil j: i!: fata tar* P am« M fiMlllMki I)M«3)lta|()tta| "W Vfc< MILAM* 12/2 27/7 V) VI B/l w—mi 11/2 atmm ivi m. Kin it/2 vi u/i ivi iv) *5? sum a/i ivi a/i a/i n/i &imm vi a/i a/i a/i a/i 1/4 fmncoca 11/1
      521 words
    • Advertisement
      Page 15 Advertisements Column 5
      506 15 GUTHRIE BOUSTEAD S LYKES ORIENT LINE EXPRESS SERVICE URECT FROM SMHTORE TO 101 ORLEANS. MOfMLE. HOUSTON, GALVESTON ALSO ACCEPTNtt CARGO FOR BANGKOK. MMRLA. TAIWAN. HONGKONG PUSAN AND JAPAN PORTS. ■MKT ITCD Am*) untm tno m* t SINGAPORE *****4 PT KELANG ****** KUALA LUMPUR *****1 PENANG *****1 FESCO LINES MONf lOT
      506 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      745 16 K line KAWASAKI KISEN KAISHA. LTD. f© EUROPE S pore P lljjWl I Havre Rdam H burg Bremen A aerp N PfARt 13W C «0/f 12W KOREAN IACfWON 1W HK CONTAWR 14W MERCATOR 10W 16 Feb 17 Feb 21 Feb 22 Feb 27 Feb 28 Feb 6 Mai Mar U
      745 words
    • Advertisement
      Page 16 Advertisements Column 2
      770 16 0 m. U.S.A./EAST CANADA SERVICE ACCEPTBC fa LCL com MOB HUM penang p kelang stow Laadaig tar m TOM. nobfou Penang lUkh P Ming Saturn E.C./CREAT LAKES SERVICE LaaMg tar MWOU. KW TOM. MONTREAL. TORONTO 10HM MKir (MS* a SO)— ni/HFeh amFM wSim m/ufm CALIFORNIA/PACFIC NORTH WEST SERVICE L«*f tar:
      770 words
    • Advertisement
      Page 16 Advertisements Column 3
      531 16 K :r *~y :V( > r o 111 > SINGAPORE SHIPPING AGENCIES PTE LTD Ot.S i i AO >M p 1 S/ V, \PORI ISi I MIDDLE EAST REGULAR UNER A SAFE WAY TO SHIP BV SSA Id -I ■OUT COMTMI I somas TO/nai mngror MPt/ 7 Fafe 11/11 Fafe
      531 words
    • Advertisement
      Page 16 Advertisements Column 4
      715 16 *ui*rsiAM mmmunoNM smwwc CO*PO*atiom tcnuAO EXPREBB FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA KSIUMtt: fMI "'W"I Sport I) Msatcs. 2) IMai* 3) Hb«| 4) Gkai FRANC!SCA SaM* JUTLAMM 12/1 27/2 4/3 6/3 »/3 FAAMttSCA 11/2 *D OUFT 10/2 4/3 11/3 13/3 IS/3 FRANCISCA 25/2 SfLANUA 21/2 ELUNOftA 4/3 NMON 10/3 FMNCESCA 11/3
      715 words
    • Advertisement
      Page 16 Advertisements Column 5
      765 16 t INTRfISEfI (PTE) LTD. f (be f Hous* 5 234E Orrh<v(i Ro.*C S>ngapo r e 9 Telephone *****11 *****57 <g> JrOlAßlA'ltllfl KM* MEPtNDtNI SEH/FMJ. CONTAOO SERVICE TO EUROfE Spor» P Mtom FWnc ltt** tar j ■MSA WM 21 fat I7ftfc Rotterdam HiHurx Jtf DM9I Mil IBM* 21 Mb "**4 *«of
      765 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      314 17 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG > FAST AND DIRECT LHCR SERVICE TO EGYPT (PORT SAD ALEXANDRIA) STORE PTKEI PENAMG PT SAD ALEX £rfeMS Fat 19 Mar 5 Marl Mar IS Maf 79 Apr 3 X*£U Mar 30 Apr 15 MAR TRANS CARGO PLEASE CONTACT SCHENKER SMGAPORE TEL r GENERAL
      314 words
    • Advertisement
      Page 17 Advertisements Column 2
      283 17 M A L D I V E L I N E S MAI WW CORM. Discharging cargo from Nagapatmam and Loading lor Mate* and Colombo mm loading tot Karaclu REGENT IKRTY loading lor leddah n* spok n/» fan KELMK 15/ 2 MM.DM EKRGY loading lot Dubai Sgtißri Seaward Slapping 4
      283 words
    • Advertisement
      Page 17 Advertisements Column 3
      259 17 I Seatrain p ac C Sorv CCS S A Full Container Service to USA raw stok nono *a om it oaf i/c Oufcabn lb/2 Settre» Softer 14/7 4/3 7/1 12/3 14/3 MM 35 17/? U*m 2b/2 Concord *r (l 24/2 13/3 15/3 23/3 K/3 Full Container Service from USA wna
      259 words
    • Advertisement
      Page 17 Advertisements Column 4
      219 17 f EXCEL MARITIME (S) PTE. LTD. J A 4 Km W4. Mi Flm> lux Hut Buidn 1(3. Tr» Street S«fjport 2. Id: 2222»2«/2211«J/221J21( Afeflb Orofaay feck Entarpmn Am 7018 n U|M Street Perm* Id 2(407/27(3! DUTCH FAR EAST LINE (DUFEL) (iprtu mm**, OMAmI lerwce trwi S«f apart ti I djm
      219 words
Page thumbnail Page 18