The Business Times, 5 November 1979

Total Pages: 18
1 18 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 14J/1/7J MONDAY, NOVEMBER S, lfTf 50 CENTS
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  • BRIEFLY...
    • 90 1 Reuter WASHINGTON, Sun. The State Department confirmed today that the US embassy in Teheran had been occupied by demonstrators demanding the repatriation of the former Shah of Iran. There was no indication that any of the staff members were injured. "We are in touch with Iranian authorities.
      Reuter  -  90 words
    • 100 1 Reuter WASHINGTON, Sun. The West will launch a major arms limitation initiative next month, US officials said. Nato will also spell out in detail their proposals for limiting on both sides the level of long-range tactical nuclear weapons. The offer to Moscow would be part of a
      Reuter  -  100 words
    • 114 1 Reuter MADRAS, Sun. Oil has been discovered in commercial quantities in a new field in the Arabian Sea off Bombay, Petroleum Minister Bala Pajnor announced here today. He told a press conference the new discovery, Ratnagiri-12, was located about 80 km South West of Bombay and that
      Reuter  -  114 words
    • 79 1 Reuter MANILA, Sun. Organised workers in the Philipppines today reiterated their demand {or an automatic wage escalation clause which would keep Filipino workers' salaries abreast of inflation. The million-member Trade Union Congress of the Philippines also asked for the immediate creation of a tripartite wage price
      Reuter  -  79 words
    • 83 1 Reuter BAGHDAD, Sun. Iraq, determined to assert itself as the dominant power in the oil-rich Gulf, is planning to double the size of its navy. According to reliable European diplimatic sources, the Iraqis have presented lists for naval equipment to suppliers ranging from the Soviet Union to France,
      Reuter  -  83 words
    • 60 1 Reuter HONGKONG, Sun. Vietnam will soon start building with Soviet assistance a hydro-electric power project on the Da river, its largest riverharnessing scheme, the Vietnam News Agency reported today. Hundreds of Soviet technical experts and Vietnamese workers involved in the Hoa Binh project were already working hard to
      Reuter  -  60 words
    • 122 1 Reuter CHRISTCHURCH, Sun. A country-wide stoppage by New Zealand's export meat workers is due to start at midnight tonight. There has been no move from either side to avert disrupting export killing just as the main export season is about to get under way. The difference
      Reuter  -  122 words
  • 104 1 THE teltowtag list *t stocks gives toe It msst tnM toe Stock Exckuge Stogspere last week. It gives toe toraever to ttimit af salts, elsstog prices m Friday sad toe Ugk sad lew fer lfl® MMy T«r—Tec Prim Hick Lw HI Nut in Haw Pit 778 1.S5
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  • LOCAL STOCK INDICES
    • 68 1 Oct a OetM Oct SI Not 1 Not t t+BT Index: 2544.82 2565.17 closed y> a 3808.68 Industrials: 9B.fi 386.98 closed 388.34 402.01 TSUI 738.19 closed 742.08 748.00 ••Hoteta: 298.14 296.98 closed 297.17 297.43 •Properties: *8.79 249 87 closed 250.71 251.38 tMnings 233.23 233-34 closed 233J4 233.82 tPUBUtkM: 703
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    • 72 1 Oct a Oct a (MM o«t« Of* a ++BT lade*: 3606.(2 3S19.11 closed 3844.75 3682.99 •Industrials: (XN 428.83 closed 43L27 434.17 •47.08 (48.18 closed 650 31 ••Hotels: 275.82 275.83 closed 2KJ0 276.48 237.73 238.15 closed 238.89 239.77 at.ii 230.51 closed 23U4 233.61 ♦IRubbers 811.38 811.75 closed 815.70 830.02 tt
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  • 828 1  -  ENLISTING SUPERVISORS By WANG LOOK KEAH THE TRADE union movement has set its sights on representing every other worker in the labour force by the end of the next decade. It also plans to institute in the near future a drive to enlist supervisors,
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  • 234 1 THE average prime lending rate (PLR) inched a little higher today following the decision by Overseas Union Bank (OUB) to raise its PLR. The Business limes index of 12 leading banks' PLR now stands at 9.2 per cent. OUB announced it was
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  • 369 1 HONG LEONG Finance announced over the weekend that its subsidiary, Singapore Finance (Sinfin), will become the first finance company in Singapore to offer factoring services. According to Hong Leong Finance's managing director, Mr Kwek Leng Beng, Sinfln will be exploring the feasibility of offering both
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  • 335 1 Agencies GIVING his views on the mounting offensive by Vietnamese troops In Indochina, General Daryatmo, the Indonesian Speaker of Parliament, said in Jakarta yesterday that Indonesia would not wait for foreign foes to reach the country but would "smash" them outside even before they readied Indonesia. If
    Agencies  -  335 words
  • 257 1 SINGAPORE Is eiariinr lag initialling Ike new General Agreement en TavHfa ani Trade eedes «wM apt In Geneva la April, said Mfas Daral Cmmt, deaaty aariftaat •pedal trade representative if the United Statee. Miss C—per was (he leader at a
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  • 499 1  -  By TSANG SAU YIN LEGISLATION to protect the interest of policyholders is expected to be introduced when the Insurance Act is amended in the near future. This was hinted at by the managing director of Great Eastern Life Assurance, Mr N
    499 words
  • Page 1 Advertisements
    • 17 1 A helping hand when you need it most Ground floor, Shaw House. Singapore 0923. Tel. *****77 3
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    • 87 1 m a The best time to watch your favourite TV program is when you have time to enjoy it. With a Sony Betamax video recorder connected to your TV, you can record anything on TV even when you're not at home. And then play it back whenever you want. Not
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    • 56 1 L SHIPPING TIMES YOUNGEST klag la the 2 PRESERVING Tftilikllß WIIX M» nto tor Its lint eeeaes to Shfapsre 1 Harljaa Prime Mlatotrrf S WHAT to haMtog ap the MalayTHE step that eeaM have spell- aa Baa Mag MP**--; JJ ei erfctoflsr Saath Ksna < CHANGI etobgaffHtle U NOVEL sppi»f>
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    • 132 1 f SFT rc; nJSU/ M-Lv>C*-0C sjf f v 4 r A.*r JAL has more direct flights tolbkyo and the USA than any other airline, m r T Relax in wide-body comfort on 9 flights a week to Tokyo 5 nonstop and 4 via Hong Kong. (If you're on business, don't
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  • 1000 2  -  By GRANVILLE WATTS Reuter "MY NATIONAL assembly is always asking me when I'm going to get married,' said the young King of Bhutan. King Jigme Singyi Wangchuk the name means Fearless Lightning Lion is at 23 the world's youngest monarch and a most eligible
    Reuter  -  1,000 words
  • 801 2  -  By ROBERT TRAUTMAN Reuter BRITAIN began its first industrial revolution in the 18th Century. Today, it's having a second, retrospective one, thanks to specialist museums satisfying people's curiosity about those earlier times when this modern age was born. Hundreds of thousands of Britons, and many foreigners,
    Reuter  -  801 words
  • Page 2 Advertisements
    • 181 2 The Leader of Automation has moved to serve you better. We are now at 1298-A, Siong Hoe Warehouse Lorong 1, Toa Payoh, Singapore 1231 Tel: *****88 (3 lines) Telex: RS ***** wmm m 4 R The new centre serves as Its distribution and technical centre throughout the Asean region. CXir
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  • 1170 3  -  MOST political commentators believe that the bulk of votes from the Harijans (children of God) cast for the coming Indian national elections will be split .between opposition Janata party leader, Jagjivan Ram, the most prominent of India's 100 million Harijans, and Mrs Indira Gandhi, former
    FT  -  1,170 words
  • 1025 3 Reuter VOTE Janata and give India its first Harijan Prime Minister. This slogan has been quietly dropped. "I detested it," says Opposition Janata Party leader Jagjivan Ram, the most prominent of India's 100 million Harijans. A cabinet minister for 32 years but
    Reuter  -  1,025 words
  • Page 3 Advertisements
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    • 127 3 SHARPFAX SF-501 f an electrostatic dry copier that ensures no messy liquid producing clearer sharper copy after copy after copy. Absolutely no waiting on your part! Just on Dower switch and start copying right away. So ideal for stationers, fashion houses, schools and churches where multiple copying is not uncommon.
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  • RAW MATERIALS
    • 417 4 LAST week saw mislma] dealing en the Singapore produce market with consumers in Beat-by countries accounting for the balk of the turnover. Because of the wMe price differentials, dealers here have bees finding It increasingly difficult to penetrate the European and American markets
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    • 1048 4 COFFEE: Robust a futures closed steady on Friday, mostly £1 up to £4 per tonne down from Thursday. Turnover was 3,068 lots, including eight options and around 700 lots of cross trades. Dealers said quiet conditions reflected the lack of any fresh features and market values fluctuated narrowly
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    • 184 4 RUBBER futures in London on Friday closed officially steady and with gains from Thursday ranging from 1.25 pence to 0.35 pence per kilo. Turnover was 596 lots of 15 tonnes including 13 kerb trades. Of this total, 308 lots were traded during the final call. Dealers said the market
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    • 164 4 CHINESE PRODUCE EXCHANGE, SINGAPORE, NOON CLOSING PRICES PER PICUL ON SATURDAY: CiiiH Bulk till sellers. old drum $UC *Um. an drum $121 sellers. Cayra: Mixed (looae) UK/Coal $64 00 buyen. ftppir: Muntok ASTA white (ob lOC. NLW {340 00 sellers. Sarawak white fob mi NLW $322.50 aellen. Sarawak
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    • 144 4 WHEAT futures on the Chicago Board of Trade closed 3/4 cent to four US cents a bushel higher on Friday. Local day trading in the afternoon took prices narrowly to either side of Thursday's close, with exporter selling adding to downside moves. Local and professional short-covering finned the market
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    • 1170 4 AFP THERE was a generally firmer undertone to commodity markets last week owing to sterling weakness. But trading was affected to some extent by holidays in several European centres. The continuing rise in interest rates was also a restraint. Gold was an exception, fluctuating lower.
      AFP  -  1,170 words
    • 150 4 CHICAGO soybean futures closed mostly higher on Friday, up one to 6'/« US cents a bushel, led by spot November, while losing one cent in two back months. Traders noted hedging pressure and exporter selling at the close but gains held on local and professional short-covering. Support was encouraged
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    • 73 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated. LONDON: Fri Previoui Malaysian 5 r ffa bulk per tonne 600.00alr December 600.00slr Sumatra 5'< ffa bulk October 590.00slr 590 OOslr November 595/597.50pd 600/597.50pd December 610.00pd 610.00pd January 617.50qtd 617 50qtd February 620.00qtd 620.00qtd Nigeria 5
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  • MONEY AND EXCHANGE$
    • 241 4 Asian rates RATES maintained steady levels for the beginning of last week in a quiet market. Lack of bids towards the end of the week saw a softening tendency in the longer periods, losing V« per cent in Three Months onwards. Money supply figures showed a drop in M-l of
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    • 215 4 Asian FRCDs INDICATIVE prices of Asian dollar floating rate certificates of deposit for selected issues for the week eaded Nov J: Bid Offer Dal-Ichl Kangyo Bank 11-7/1617/11/80 9913/16 100 1/16 BNP 11'» 30/1/81 98 15/16 99 3/16 Bank of Tokyo 12H 27/2/81 98'. »•<. Mitsubishi Bank 13-1/1818/3/81 99. 99'. UOB
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    • 170 4 THE PICTURE of rising world interest rates outside the US sent the dollar into decline and it finished lower against all major currencies except sterling on Friday, dealers said. News of one percentage point rises in Swiss discount rate to 2 per cent and in Lombard rate to 3
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    • 270 4 THE US dollar continued to strengthen early last week, rising to U552.1965 against the Singapore dollar on Tuesday, compared with 2.1780/88 at the previous week's close. Dollar sentiment was, however, undermined on Thursday by the larger-than-expected US trade deficit of US$2.B3 billion for September, compared with the August
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    • 22 4 THE average rate at which major Singapore banks are currently prepared to lend to their beat customers is 9.1 per cent.
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    • 279 4 Source: International Discount Company Limited THE interbank market opened on an easy tone last week, with the overnight funds being traded at s'/« to 5 per cent prior to liability ha<a> day adujstment. Following the adjustment, the overnight rate was gradually traded up to 7V 4 per cent
      Source: International Discount Company Limited  -  279 words
    • 117 4 THE KILOBAR in Singapore opened at 5526,379 and closed higher at $26,421 on Saturday. The high and low were $26,316 and $26,421 respectively. Spot gold for London delivery opened at U*****.40/375.40 and closed firmer at $374.70/375.70. Sum: Sligniu. In HONGKONG on Saturday, the international gold price closed at U*****.00/
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    • 114 4 Source: Astley Pearce THE domestic interbank market opened rather easy last week at around 6 to 5 3 A per cent. With the exception of Tuesday (base day Oct 30) when the mode was parity, the lowest mode for the beginning of the week was on Monday
      Source: Astley & Pearce  -  114 words
    • 48 4 FOR THE week ended Saturday Nov 3, the range of call rate received from from Short Deposits (M) Bhd was as follows: Baak tiad: 2'i per cent to 5 per cent. Geaeral fud: 2"j per cent to 4«/« per cent. M»veiwt» of funds totalled $506 million.
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  • Page 4 Advertisements
    • 127 4 s OEM OPEN SHELVING ■1 WE HAVE THE ANSWER TOYDUR STORAGE liMililll'.M OEM SLOTTED ANGLES OEM RACKING Whether you require multi-tiered shelving, parts binning, racking, space-saving storage system or just slotted angles, we have the right product for you. And our storage advisers will help you select the most suitable
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  • OVERSEAS
    • 805 5 ARRIVALS Service Local Operator Number Tine > From PAA PA005 0125 NYC/SPO/HKG SIA SQ88 0650 KWI/BAH MAS MHG01 0700 KUL MAS MH682 0710 KCH SIA SQ101 0815 KUL MAS MH621 00S40 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL SIA SQ211 1000 HLP CPA CX710 1005
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    • 687 5 AP SOUTH Korea weathered the first crisis after President Park Chung-bee's assassination by preserving a civilian government instead of launching a military coup, foreign observers say. That decision gave them 90 days to prevent another crisis. "There was an abortive coup, not a military
      AP  -  687 words
    • 157 5 A TWO-day meeting to discuss ways of improving the shipment of Malaysian rubber and related products by the national shipping service of the USSR, Sovinflot, will be held in Kuala Lumpur from today. Taking part in the meeting will be members of the Freight Committee
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    • 373 5 UPI DEPUTY Australian Prime Minister Doug Anthony has called on Australia's union members to take seriously Japanese and South Korean complaints that labour strikes are affecting the supply of raw materials to the two nations. Mr Anthony was addressing the annual council meeting of the National
      UPI  -  373 words
    • 264 5 IN THE first major case of its kind under Malaysia's Environmental Quality Act of 1974, a palm oil mill has been stopped from operating immediately for causing pollution to its surroundings. According to Mr STSundram, director general of Environmental Quality in the
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    • 185 5 AP AMERICA'S Nuclear Regulatory Commission has decided against licensing any new atomic power plants until it has thoroughly examined recommendations made following the ThreeMile Island accident, officials said. The decision was made by NRC commissioners at a closed meeting on Friday, according to
      AP  -  185 words
    • 374 5 A FORMER politician from Kampuchea will ask the United Nations today to create a demilitarised food corridor to the most populous sections of that starving country. Former Information Minister Chhang Song, who began his political career under Prince Norodom Sihanouk, is in New York
      374 words
    • WORLD IN BRIEF
      • 327 5 Agencies NIGERIA will raise its crude oil price by US$2.7O a barrel from tomorrow. An announcement by the Nigerian federal government, quoted by the Nigerian news agency monitored in London, said the increase followed price rises in the last quarter of this year by six other members
        Agencies  -  327 words
  • Page 5 Advertisements
    • 153 5 FOR THE MONEY YOU PAY Qwhat better car than II A car that is value for money combined with luxury, safety, comfort and styling in its class. •Value for money a. Low purchase price c. Low maintenance com b. Fuel economy d. Electric cooling fan Luxury Tinted glass all round
      153 words
    • 97 5 1 c Vvf I SC3 Vi, f **M t k l 0 < 5 r i The Image Maker. The New &viss Line2oooConference Furniture by Diethelm. Streamlined and decisive clean lines distinguish Diethelm s Swiss Line 2000 Conference Furniture Functional and flexible, the nch walnut brown tones are protected from
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  • REVIEWS
    • 1148 6  -  By PATRICIA GOH GRACIA Tay-Chee vibrates with energy in every fibre of her being. This dynamo of a lady is President of Theatre World, the Pan-Pacific South East Asian Organisation and sits on the National Council of Women, which has direct affiliations with the
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    • 587 6  -  By LEE YOKE MENG PERSONAL experience In a changing society represents the common but actual locus of a large number of writers in the Commonwealth. And it's no different for the five winners of the first South-east Asian Writers Awards granted by Thailand to selected Asean
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    • 564 7 THE aarrew street laae was bostlimg with activity, wemea basy with their markettag aad bathers screamlag their wares; aad ail areaad them tawered the three-atarey dilapidated yet faaiat aad easy Chlaslsaa baildlags. Far artist Taa Chah Tee, the seeae held hath aa
      564 words
    • 729 7  -  By MARINA RYKLINA THE Soviet Union comprises more than a hundred states and nationalities, each with its own traditional marriage ceremonies. However, in this complex centuries-old multiformity there run some common features, which are mainly the result of the very natural desire of the newlyweds to turn
      729 words
    • 986 7 Travel WHEN it comes to giving a touch of rustic charm to the home, one must admit there aren't too many things which can beat the old kerosene hanging lamps of 19th-century Holland. The impression of black Baroque ironwork against the milky-white smoothness
      Travel  -  986 words
  • Page 6 Advertisements
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  • Page 6 Miscellaneous
    • 571 6 FILMS THE Singapore Science Centre will screen two films on Nov 11 at 3 pin. The first, Riiaimm With the Ba, discusses the possibility that the world's petroleum resources may be depleted within the next century and considers alternative sources of energy, such as coal gasification, oil from and urban
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    • 1201 6 I iIKTBS TAKE THEM OFF THE AIR DKKABY me, w Flying fee for the rest af High gals m fki-rl 6, "■•raal" pmmbi night be eaase af aa traasngkt Pam, •tret, ftai what Ft for the alrtfoe Thai mat be Laytnn, whe la Inquiry, fo helped by the leeal aqslre,
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  • Page 7 Advertisements
    • 30 7 i v. < r'£, The moment you step into CAPRICE the job is practically done! CAPRICE gives you that magic inspiration 44 5, Ngee Ann BuMding, Orchard Road, Singapore 0923. Te1:*****51
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    • 90 7 HAMBURG BANGKOK HONGKONG JAKARTA KARACHI 7 KUALA LUMPUR MANILA SEOUL SINGAPORE v Efficiency means a great deal to Eurasbank's clients. Through a privately leased satellite line, the Bank maintains round-the-clock communication between all its branches strategically located throughout Southeast Asia. This satellite-operated circuit system facilitates quick transfer of funds between
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 277 8 SHARE pric«B closed mainly lower in quiet trading ahead of tfce weekend with Unilever and Royal Dutch losing 2.50 and two guilders in Dutch internationals, dealers said. KLM fell two guilders to 79.10 from Thursday's official close but rose compared with 78.50 in Thursday's after hours trading after its
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      • 274 8 NOV 02 Fra CORBEILLE Air-Liquid? 465 unch B 8 N Oervals Danone 866 unch C 8 r (Thomson cm 422 -1 Cle Francalae des Petrol** 200 40 -2.6 Compacnle Flnanclert Compagnle Oenerale 340 -2 Credit Fonder De France 475 -9 Hachette (Ubralrte) 18S -1 Machines Bull 82.30 0.6 Mtclwlln
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      • 192 8 nov as' Dm Aef-Telefunken Akio 38 30 24 40B ♦44 A1U be ben Alls Vera n»sr Bay H T Wbank Bay Vbank 1*00 ***** *****8 OT-50 mao -9 -1J Bayer ***** 47 BBC 2S5 00B BMW 1MJ0 -02 Canella moo -5 Chem Verw Commerxbank Conu Oummi Daimler-Bern Deguna 2B2.00B
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      • 244 8 PRICES closed lower In Zurich on Friday, with foreign bonds weak in heavy trading, less active domestic bonds easier and equities mixed in small volume, dealers said. Bank Leu was a rare bright spot in moderately higher banks with finanrials mostly higher, insurances eased with Swiss Reinsurance 300 trancs
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      • 105 8 NOV 02 Lire Ante U -415 Assoc Gen ***** 190 Bastofl 187 IS Centrmie 6310 4-40 *77 ♦7 FlnsMtor 9950 -13 Gen Immob 77.23 1J5 IF! Prt ZI rm 414 11*1 ce menu ***** 300 IUlfU 740 unch iuiskler m -45 M acne Li M Pf ooo unch Mare
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    • 204 8 nov e < ANUM 3» l»H Alran M 2»s Algoroa Bank Mont Bank Nbrm Scotia Bell Tel Bt J2S ->» 30 ♦<* r<i Beth Corp BP Can Ltd Braacan Camp Red Lake Can Imp Bk 22 s unch I** OS Canpar m Can par In* PI Carllng OXeele MH
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    • 316 8 NOV 02 Rand INDUSTRIALS A Alpha 240 unch Aberrom 285 -5 AE And CI 545 -5 AMIC 1925 unch Barlowi 775 -j C( Sunx 9006 -10 r»A 300 -M Currte Finance 130 unch Df Beers Ind '1750B SO Ed con 435 unch Edcmra 5275 25 Everemdy Fed VoJk 280
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  • Page 8 Advertisements
    • 667 8 See Page 10 for NYSE. Where to wine, dine and entertain For sushi. For teppanyaki. For other authentically Japanese delights. )pc M t/(ll/l Ml )N p m ft m I() 'M)p hor rescrrutions call 7'A/ (^>/ A < riiair\ I'iii U i«-i-jii«»ii *~»ii liiii| a Trade C Delectable local dishes
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    • 252 8 *4 m a iu -V Jtti Merlin's New Tavern Bar It's totally new. Painstakingly furbished to create just the right ambience for vou to unwind after a hard day's work, before dinner, or to round off a perfect evening. Enjoy happier happy hours from 5.00 pm to 7.00 pm. we
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  • MARKET REVIEWS
    • 700 9 r < NEW YORK NYT THE stock market moved ahead last week as the Dow Jones industrial average rose 9.64 points to 818.94. It was a week that saw the United States Treasury auction its paper at record double-digit yields that, only a few
      NYT  -  700 words
    • 520 9 K.LUMPUR THE MOOD was one of general caution on the Kuala Lumpur stock market last week and prices drifted to close slightly higher in lethargic trading. Investors were apparently too preoccupied with developments on the regional and international scene to. be able to
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    • 850 9  -  SINGAPORE 4 By CHAN BONG SOO PRICES on the Stock Exchange of Singapore appeared to have stabilised, at least for the time being. The selling pressure that was evident in the sharply declining market about a fortnight ago petered out last week
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    • 1432 9  -  f LONDON h d By GERALD COLVERD THERE has always been doubt over whether one end of those corridors of power, which house the mandarins of state control, ever know what is going on at the other end. This uncertainty breeds from the
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    • 304 9  -  m I, ——y ni a Wm •r»0#0 NOV Compiled by Violet Chow SCRIP ISSUE B«pr«aie Cerpeemttee: Rights Issue of one-for-two at f1.35 per share. Nates:Sapreme Carparattea is proposing to acquire a property company, Ratna Realty for a consideration of (10 million. Supreme also intends to
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    • 429 9 r < SYDNEY h Reuter THE takeover of Ansett Transport Industries by the West Australian transport group Bell highlighted trading on the Sydney Stock Exchange last week, with the All Ordinaries index setting a new record. The Bell group will spend more than AsBs million to increase
      Reuter  -  429 words
  • Page 9 Advertisements
    • 81 9 G The Goethe-lnstitut Singapore and the National Museum jointly present 'ART AND MUSIC BRAHMS QUARTETT HAMBURG AHD STEPHAN BLAUMER (VIOLA) at the National Museum Art Gallery WEDNESDAY 7.11.1979 8 pm PROGRAMME Brahms* Qumtett G Major, op 111 Allegro non troppo ma con brio Adagio Un poco Allegretto Vivace ma non
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    • 14 9 ft a u* C% ■v ar > y Black B«.White Whisky Agents: THE BORNEO COMPANY
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  • COMPANY NEWS
    • 794 10  -  By ANTHONY TAN MALAYAN Banking, the largest bank In Malaysia and Singapore, has injected an element of suspense into the market on its lateness in presenting final accounts, now more than a month overdue. The bank's financial year was wrapped up in June but the time
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    • 1232 10 NEW YORK SCATTERED strength in oil and sugar issues and weakness in gold shares mirrored the overall market pattern as prices ended narrowly mixed in light trading on Friday. Analysts said that with underlying problems of inflation, high interest rates and a looming recession, traders could find
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    • 193 10 r TOKYO PRICES on the Tokyo stock market bounced back in moderate trading last week (or the first advance in five weeks. The Dow-Jones average jumped 132.60 yen to 6,424.97 yen, more than offsetting the previous week's 124.47 yen crash caused by a Wall Street
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    • 400 10 THE fruits of diversification at multi-facetted Supreme Corporation are gradually beginning to ripen, as its latest year-end results indicated. Group pre-tax profit for its financial year ended June 30, 1979 has shown a 68.4 per cent improvement to Msl.B million ($1.09 million), owing clearly to
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    • 2743 10 This Year High Low Company Last Sale orGr's Div Div CVr Gr's YTd Net P/E Vol (•000) Week Higk Low 8ECTION ONE INDUSTRIAL ft COMMERCIAL 201 196 148 180 272 74ft 255 350 215 380 207 123* 110 133 255 57ft 185* 226 177 256 Acma Alcom
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    • 159 10 g H PI MHCrtri flPMf ■|i ImJ LmAJ 433. <2 145 90 Automotive 359 23 ***** 2 00 9H.TS 33i.CC Plauct ud Trustees 5&3J7 5C5 43 11JC mm L35.C0 OwfclK Rubber Products. Refining 255 23 255.24 4- 0 01 *4 77
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    • 113 10 TRACTORS Malaysia BM: AGM to be held at Hilton Hotel, Kuala Lumpur, on 'Nov 8 at 12 noon. Paa Malayaa Ltd: EOGM to be held at 6th Floor, Tat Lee Building, 63 Market Street, Singapore, on Nov 9 at 10.30am. Llagal Develapaeats BM: AGM to be held at
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  • Page 10 Advertisements
    • 485 10 MALAYAN UNITED INDUSTRIES BERHAD NOTICE OF EXTRAORDINARY GENERAL MEETING To all Shareholders. NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at the Company s Registered Office at Messrs Tan Toh Hua Partners. Penthouse. 16th Floor. Wisma Mirama. Jalan Wisma Putra, Kuala Lumpur 08-05
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  • MONDAY SPORTS
    • 1219 11  -  By TEO TECK WENG DEFENDING Changi club champion Ong Ah Loh retained his title when be snatched victory in this year's club championship, which ended at the Changi golf course yesterday. Ong completed his threeround tally of sub-80 scores with a closing-round 76 for
      BT Pictures by CHEW BOON CHIN  -  1,219 words
    • 795 11  -  By RONALD KOW IT MAY nmd like act eaeagh to being deae to prMMte rmgby to Stagapere tort there are peeple whe really care aad they have ceme ap with thto brilitaat Mea aastalatog raghy players' interest aad eathastoam to the
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  • Page 11 Advertisements
    • 79 11 -yj m M K IS The Story of the 1929 Wall Street Crash 50 years ago. a sudden mass retreat ot capital from the New York Stock Hxthanue brought the market from its full rampage to the most terrible Crash ever happened Read this exciting story this month in the
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    • 273 11 IGNORANCE... is not Dliss. Knowledge very otter mears profits In trie October issue ot Singapore Business, we look at some areas where knowing when to do what has paid dividends Courting the Customers: Sports shops are flourishing simply because they can recognise market potent al and ocate themselves near tne
      273 words

  • 287 12 AP THE most-favoured-nation tariff status (or China will help the US balance of trade and give some relief to inflation-weary American consumers, a supporter of improved US-Chinese trade relations said Friday. Mr Christopher Phillips, president of the National Council for
    AP  -  287 words
  • 45 12 Chinese Chairman Hoa Gnofeng (centre) pays homage to the Grave of Unknown Soldiers in Venice Square in Rome before meeting Italian Premier Francesco Cosstga on Satnrday. Mr Hua is in Rome for a four-day official visit to Italy. AP photo. AP photo
    AP photo  -  45 words
  • 459 12 Reuter VIETNAM announced on Saturday a Soviet naval force would visit its northern port of Haiphong and said the Soviet Union was its most reliable ally in national defence. The visit of "a detachment of the Soviet navy", under the command of vice-admiral N Yasakov,
    Reuter  -  459 words
  • 132 12 Reuter THE United Arab Emirates (UAE) is considering a cut-back in crude oil production next year and will decide this month how much it will be, Petroleum Minister Mana Said AlOteiba said. Or Oteiba also indicated that the price of UAE crude would be increased, but would
    Reuter  -  132 words
  • 220 12 A LAST-ditch compromise effort failed yesterday as two unyielding rivals of Japan's ruling party heads for an unprecedented showdown in Parliament today for nomination of a new Prime Minister. A committee of the party reform headquarters within the ruling Liberal Democratic Party
    220 words
  • 158 12 UPI THE Australian Industries Assistance Commission (lAC) made public yesterday recommendations to weaken tariff protection of many steel products. The lAC is the major recommending body to the Australian government on the form of protection needed by Australian industry. It first released to
    UPI  -  158 words
  • 512 12 THE Asean Advanced Foreign Exchange and Money Market Seminar begins today. The seminar, which brings together participants from the five Asean countries, will cover topics on economics, the international monetary system, foreign exchange techniques, funds management techniques, accounting and market practices and conduct. The
    512 words
  • 326 12 SEVERAL development trends for the car and marine engineering trades for the 80b were pointed out at a recent meeting of the Automotive Trade Advisory Committee (TAC). TAC anticipates a conversion of diesel vehicles to run on LPG; a wider use of sophisticated equipment for detecting faults
    326 words
  • 232 12 COMPATIBILITY at partners is vital to the success of a Joint venture. One partner's know-how must complement the other's local knowledge and expertise. This view was put forward by Mr Lee Cheong Seng of Private Investment Company for Asia (Pica). He was
    232 words
  • Page 12 Advertisements
    • 38 12 ARMCO V ARMCO PACIFIC FINANCIAL hTTYT-TTITT (formerly Delfin Armco Financial Services) wish to announce the relocation of their Singapore Representative office from Bth October, 1979 Suite 4205-4207 OCBC Centre, Chulia Street SINGAPORE 0104. Telephone: *****1 Telex: RS *****
      38 words
    • 253 12 K imk.M mm ar" Si"*** "-yi 1 V.A V *r V m f *jn V ft •J& -V <1 m£ r -k Mr i 1 Ideal family powerboat Steep* lour in the cabin* and even one or two in the eoekpit. Outstanding cockpit Mini-cabin midship* with spacious interior of a
      253 words
  • Page 12 Miscellaneous
    • 58 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report far 24 hours prior to 7Jt p.m. on N«v.4 at the airport. Maximum temperature 30.3 Associated humidity 69 Minimum temperature 23.8 Associated humidity 100 Hours of sunshine 4.40 Rainfall in millimetres Nil Total rainfall for the month
      58 words

  • SHIPPING TIMES
    • PORTSIDES
      • 109 13 AFP THE governor of Jakarta, Mr Tjokro Pranolo, was reported to be considering the possibility of establishing a dock and shipyard estate in the capital to accomodate various Jakarta enterprises engaged in the field. On a recent inspection of several private shipbuilding and shiprepair companies in the capital,
        AFP  -  109 words
      • 92 13 AP SOUTH Korea's shipbuilding industry, recovering recently from years of slump, received US$643 million (Ssl.4 billion) of new foreign orders for 43 ships with a combined tonnage of 753,000 tons in the first ten months. The Commerce and Industry Ministry said that the orders received during January-October
        AP  -  92 words
      • 65 13 Reuter MARKET sources reported bulk carriers Caledonia 62,497 long dwt built 1975 and Calabria 59,958 long dwt built 1977 sold to unknown buyers for US$3B.B million (5583.6 million) Brokers also reported tanker Bolette 256,000 long dwt built 1975 sold to unknown buyers for around $25 million. Demolition brokers
        Reuter  -  65 words
    • 583 13  -  By COH ENG KEE EVERGREEN Line of Taiwan is negotiating with Onomichi Dockyards Co. of Japan for the construction of two more 1,800 TEUs containerships for its Far EastUS east coast service. If the negotiation is successful, it will increase the number of such
      583 words
    • 180 13 UPI EAST Asia Is oae of the few devetaptag ngUM in the gIMB at the wtrM reeeasla a, the chalrmaa af Lltyi'f Register «f Shippiag, Mr Rahert HuUmn, said m Friday. "LJayd's Register dMhled its mariae wark la Malaysia last year aail at
      UPI  -  180 words
    • 257 13 A SMALL number of Hongkong shipowners now own almost as much tonnage as the whole of the British merchant navy put together, said Mr David Ropner, president of the General Council of British Shipping. He said that it was vital for British shipping
      257 words
    • 217 13 AFP ABOVE average activity developed on the tanker market last week with US interest well to the fore. But, as tonnage was adequate for needs, rates were maintained at the previous levels, except those for short hauls, which were firmer. One item of interest awaiting confirmation was
      AFP  -  217 words
    • 291 17 SHIPPING LIST where your ships are due and when iAARHUS Prancesca/Toyama, ScanPutcht*. Nov Bung a Dahlla/Korrtgan, ScanDutchf, Nov 13. ABIDJAN Atlantic Maru, MOL, Nov L ABU DHABI Hoegh Pride, Hoegh, Nov 8/ 81 1 Maldlve Seafarer, Maldlve, i Nov 10. ACAJUTLA 1 Thomaseverett, Everett, 1 Nov 8/7. 1 Ned Honshu,
      291 words
    • 960 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 1 (2) All export FCL containers and LCL cargo must be delivered to the Authority s 1 premises
      960 words
    • 550 18 A "JACK of all trades" ship has been designed by Soviet shipbuilders to overcome the problem of small, shallow draught ports in remote areas. The "Vavchuga" type combines the characteristics ol the reefer, dry cargo and tanker to solve the problem of supplying remote areas
      550 words
    • 92 18 Reuter TAIWAN'S China Shipbuilding CwpmHon will sign a cm tract with Exxen m N«v 17 to build («w «U tankers ti the 87,t0*-ton class tor the American OU Company, the Central News Agency reported recently. The agency said the fnnr tankers werth US$l29 million (B$2S4 million) will be
      Reuter  -  92 words
    • 467 18 AFTER years of co-opera-tion with Japanese owners in various crew cutting exercises that have reduced the average crew number on a large overseas Japanese (lag ship by some ten men, the All Japan Seamen's Union (AJSU) is baulking at further cuts. While it is
      467 words
    • 571 18 Shipping Liae ACS T C«4 5 Afea TV 3 Alfred V 1 Alpac IV 5 Angkutan V 4 ANL I 1 APL m 2 Arya Nat V 2 ASCL m 1 Asia America n 5 Asia Merchant n 5 Atlas IV 4 Aust.Cont IV 5 Bank m 5
      571 words
    • 1087 18 Fairplay UNDERWRITERS in the marine cargo market have always bad an active involvement with the movement of cargo by inland conveyances. This may seem rather to be stating the obvious but it is perhaps worth pointing out that the involvement of the cargo
      Fairplay  -  1,087 words
    • Article, Illustration
      531 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Eastern Liberty (1500 after Kota Melati) 40/41 1 Joo Hong (Tanker) (0600 Subject Gas Free P/O) 15 Jurata (1830 after Ovanes Tumanyan) 38/39 Lady of Lome (0600 tide after Keen Dragon overall length not to exceed 146 m) 29/30 River Andoni (0600
      531 words
  • Page 13 Advertisements
    • 409 13 sq Europe Our Next Loader Port Ke!ang:_ PA' Singapore: Qll For further details, see page 111 <S§* lAR I) I M WIAII Si Orient Overseas CatdcmeA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) i POTUK KM. 17* I •OCYW.n US IS* ctcvMJEx pau. in» MERCATOR 1411 ORENTAL ami 17W
      409 words
    • 343 13 59fl§ *11 SEALORD LU ANTAF M UASC UNITED ARAB SHIPPING CO (SAG) Oubai (20/11), Abu Dhabi (23/11), Doha (26/11), Dammam (29/11), Kuwait (2/12) JU. SALMAH Al Jubail (29/11), Dammam (1/12), Kuwait (4/12). Dubai (7/12) FATHULKHA* Dubai (16/12), Abu Dhabi (19/12), Doha (22/12), Dammam (25/12); Kuwait (28/12*, Shuaiba (31/12) FULLY CONTAINERISED
      343 words
    • 122 13 ■NOL [NEPTUNE ORIENT LINES LTD FAR EAST EUROPE EULLY CONTAINERISED SERVICE +C ROn S'pote Ckmo( Times Fa Carfo 0500 9 No. ia Cargo 1700 8 No. Mt RCA 100 0 CHEF C CONTMCR SS BRIOGF N CORAL lACEM N PI ARt STRAITS AUSTRAI IA RO-RO CONTAINER SERVICE S nifrnhi>f ol
      122 words
    • 463 13 > Australia Our Next Loader Port Kelang: 9/11 Singapore: 1 For further details, see page IH MAERSK LINE Far U1 Pagtc. Pac*c WW* Wwt fail i Atlantic. Eart Canada and Meuco (Also accept** tor Hw«lum«. Taman Japan and Korea) SaM S-6/11 12-13/11 19-20/ul AWLD *-27/11 3/12 23/12 2/1 V... !M>
      463 words

  • Page 14 Advertisements
    • 611 14 Hapag-Uoyd FULLY COWTHHtCO TO EMOPE DWITS EXnCSS CONVCNTKMM. TO EUROPE S part P Kctaif fm Mbto Genu HW| Brcman Man Antwerp Soptoc Mduncn 17/11 20/11 22/12 13/12 30/12 28,12 26/12 24/12 Rcfcmtcai 3/12 5/12 10/1 8/1 1/1 1/1 ItoMhlHi 6/12 8/12 5/1 31/12 17/1 15/1 12/1 9/1 FULLY COKTMOBH) TO
      611 words
    • 627 14 <!> c n an -ml.! txj p l. ~aU ia. 1 a Algerian Nation V I mp BISKRA (1979) II in +BE CHAR (1971) 5 Dk Kl ABBES (1979) 15 Dk PJQJHtt LOMNK FOR 22 Nn Bpntey/Scte/VAncia/Twß/ Afcv 70k ItflMr */Sete/Vatencia/Twi/ Mpr 110k L«|J»f «/S«te/**nca/Twii/ +KCHM (1971) 12 Nw Hcuvum/Kot*/
      627 words
    • 297 14 EVERGREEN LINE FAR [AST FUROPF FXPRFSS FUll CONTAINER SFRVICf ACCEPTHG CARGO FOR HAMBURG FELIXSTOWE ROTTEROAM. ANTWERP IE HAVRE ALSO ACCfPTMG CARGO FOR UNITED KHGOOM SOUTHAMPTON LONOON MANCHESTER. HRMMGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY mamai HOLLAND AMSTEROAM S pan Mm*«| FMhi IMwf It Hmw l«w ityd htat J* Mm 7<
      297 words
    • 907 14 5 i Everett Lines Burma Fnra Star Shipfini Corpn. "BURMESE NATIONAL LINE' LOAOMG FOR RANGOON Spn fmm HTANTAWYIM. PTW3O2/ 5 Nm «/7 BfS S C. Aotntj Motoyua TEPS MALAYSIA Port K*4oog T«t (38)-7355 Peoong Ttt *****/***** Campania Argantina Da Naaaiaciaw Intarcontinental S A. C.I. F, "ARGENTINE NATIONAL LINE" LOAOMG FOR
      907 words
    • 674 14 n y uiu lunco, muuuftj, nvTcuiucr 9, 19«9 UO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA MOUSF •HE NITON WAY MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 31 SANKYO LINE AUSTRALIA SERVICE P. Ktiani Sto( apart Loadtat tar 1_ 11/13 Nn 9/10 Nov SYD, MEL
      674 words

  • Page 15 Advertisements
    • 802 15 I Overseas M M B B Containers Limited Weekly service to/from UK/Europe To UK/Continent ITtoi r*m Stan S'pn PJMhi Vmmk trwa A'Mrp LtNowt OA Mm Mm SNk 23 Mm 25 Nn 26Nn 2INk 21 Nm >i ill iMm II Nk 30 Nk 2OK 29 Nk SDk (OK Nanking Eaprtn II
      802 words
    • 797 15 GRANARD LINE RED SEA/MtDITERRANf AN SERVICE Granarfl Shipping Agencies |S i Pte ltd Tel ?2?5977 |5 Linesl Oi!> s rjd.nq SSO BID A.'it SliBP'H; 4 ''ifl'nq ntfrpmes PB Franco Belgian Services y An f AST f «t NCM Si MViCf AITM M IG>AN J AH A',H«\ 1 i%f < V.
      797 words
    • 693 15 BEN LINE CONTAINERS GVKSS CONTNMER SOURCE TO/FROM EUROPE bprtn Umml Bay 14/U N/12 >1/12 2/1 V Tetyoßay 12/U VI VI VI 2/1 31/ L T*t E*rt» IVI2 VI IVI 11/1 IVI V Ca*c»Bay 22/12 VI 11/1 12/1 14/1 IS/1 FROM EIMOPE H BUtt BHA YEN RDM HAVH SOTON W Geraany/Antna
      693 words
    • 604 15 Scan Dutch 9 kvi vn >:»i: I»i I»I t M lira wi r KMC* 17/11 UIUMM a/. mwit 23/11 MM* nw n/ KMC* 1/12 MO Kin OMti* J/12 sunn* u/i KMC* IS/12 MOM GIH* 21/12 MB* SUM 8/1 KMC* 21/12 KB KM |MM M 1) IMki 6MM. lafkon 2) MM
      604 words
    • 648 15 BOUSTEAD AGE NCI Eo THE BANK LINE LTD LOADS FOR E. ft S. AFRICA (Reunion OWtotfl CTotti. Pttta.» Lt*4o*) Spirt 10/13 Ok P U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, Galveston) Sai( apart f. Kuantan US GhR STELLA LTKES (fed) loads) 15/11 Nov 22 Doc U.S. WEST COAST SERVICE
      648 words

  • Page 16 Advertisements
    • 977 16 K LINE KAWASAKI KISEN KAISHA. LTD. TO NORTH AMERICA Ftion wsstis- n Bwrta Act 13 hnA M Earfcr >**4m mirt aba itjMMt an r«pnt Cjrfwt ah* acccptaM* tar IWM. Vancouver PwHand. Hnotan. GJvnln. New Organs Boston. SI. Mr. PMadiptaa Nwtaft. SiflMrt. Savannah. hdmnh TO EUROPE 25 No. 30 Not 5
      977 words
    • 703 16 E.C./GREAT LAKES SERVICE 10MMG FOR: NEW TOM. NOBfOU MOWTBEAI TOBONTO. UNTMMU CALFMMA/PACFIC NORTH WEST SERVICE Im*( tar: lOS ANttIEJ SM HUNCBCO. SATTIi. TACOMA VMCOUVU. B C EXPRESS CONTAMER/CONVENTIONAL/ REEFER SERVICE Pwn f UM| Satwf I tnp> WWW M/ 30 Ok 31 Ok/ IJw fan ton 1 1/2 f«B 3/4 (ft
      703 words
    • 709 16 o O <*\ (irotii) SINGAPORE SHIPPING AGENCIES PTE. LTD rt'« fiOjh oct an Buac st. S'MJ*com i 9m;; IS(S 9' 1" '< i SfS 'E I E PS ;4S9S PS SSfcg A d CAHS H| P®'-Ao k l I APGOSmiP ii'iyifU'l l'c<|i(Ninl 1i..1.U1 y Container Lines WEEKLY CONTAINER SERVICE to/»roen
      709 words
    • 329 16 1 mmm MM P Aeiang Singapore SttAWJ Mil khrt IM ■OANCJ Wl5 T(4/5 Nn) (/71b. Tm STAMR} *517 f«/7 tea) 1/7 Nn 1/1% Ste. La •«/5 Mmt> MRS* *319 f 12/13 Mm) 12/13 Urn 14/15 Nn Kuctmg •(•/ll Nat) lojdnf tar K KHMtUkI Ta«au S kan Sibu Lab. Muara I
      329 words
    • 713 16 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****11 '*****57 Sf9M£kStMA'M,MWSS REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE NORASIA N857 NORASIA HKf IZ Nov 1) Rr Boulogne Antwerp/Avon MM. Tl, b« r M 30 He* 3 Dec Rotterdam Avon/T Singapore HTRASEA (FIT) LTD *****11 BOOK KG *****5?
      713 words

  • Page 17 Advertisements
    • 531 17 «o. EGYPTIAN IKJTCDKJ A Tir\k: A I l UIC C 11 INTERNATIONAL I IN£ EIL i EGYPTIAN FLAG I GULF SHIPPING LINES MBTMU* COKtMOt SOtVICE I SUM DOMIC '—U IS Dk 16 Ok Sytotej/ltoto^wne/Adotatoe (Accepting cargd trm Kancki/CKhto in twMwt FCL/LCL) Generol Agents Gutffi3St ShipfMlg Ptfi Ltd Suite 704/706, Ocean
      531 words
    • 578 17 ms*wm My cmttmmM itpdm Express Sorvict FROM EUROPE (ACCEPT* FROM Ml MLMO POWTS) Trieste/ »«ct S pore Neit Ports BAVAIUA TMESTE 15 Oct 16 Oct hPt HKG/KEELUNG/ KOBE/BUSAN BAVARIA SMSAPORE S Nov 7 Nn 27-21 Nov BAVMM HONGKONG 17 No* II No* 17-19 Doc BAVARIA VOKZ 22 Doc 23 Doc
      578 words
    • 404 17 COMBO LINE REGULAR TUBER/PLYWOOD BULK a;ij> SPOKE P KELANG LOG. FOR: MURGASH WOO 2 8/11 14/11 Nantes JAY GAYATRIWOO3 16/11 10/11 Newport AGf NTS Spof Mjgnj Shipping Pte itrl If! 1901! S ??OV r »j P' CHang Perfrapalan ?initif I ,mt Sdn Bin T»l BSUh i I untpiif *****1 CELTIC
      404 words
    • 631 17 GOLDEN LINE MM MM same (PTE) LTD a m« «b sun. smutch i m *****2 <» iao> Tat U tapt M2ll. P. Mm 1*7911. Pm| 3CMM STRAfTS/PERSIAN GULF SBtVICL Sport COUCH CtTT Dolu Km« Karachi Kartell 11/15 Mm earn M tank s/u tat N. MALAYSIA/STORE E. MALAYSIA SERVICE UK ttML
      631 words
    • 549 17 Ulk inTERmcDHL mniflasifin SHiPPin: lihe son. bhd. STRAITS/EUROPE SEMI-CONTAINER SERVICE MUM GOOOMU (1-7) KGB MSOON (l-ll) kgb urn* d in SU SM 5 Nm FAR EAST/STRAITS/EUROPE SEMI-CONTAINER SERVICE ANTHONY (88-l) 25NM 2SNn WflM) 40k 7DK Also tfftfrtlflfl for 1) All UK Inland destinations via Tilbury/Newport 2) European Ports and Inland
      549 words

  • Page 18 Advertisements
    • 57 18 NOTICE DONG SUE LINE M.V. DONG HWANG VOY 10/79 arrived 28.10.79 AT PSA Godowi 40/41 General Survey on damaged cargo discharged ex the above vessel will be held on Tuesday 6th November 1979, as from 9.00 a.m. to 12j00 noon. No further survey will be held after this date. Anitc
      57 words