The Business Times, 10 October 1978

Microfilm: NL9863
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, OCTOBER 10, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Schmidt due
      66 1 AFP BONN, Mon. West German Chancellor Helmut Schmidt leaves today on a five-day tour to the Far East which will take him to Singapore and jß fir? Schmidt will have talks with Prime Minister Lee Kuan Yew especially on trade relations between the European Common Market and Asean.
      AFP  -  66 words
    • Article
      Lock icon Growth forecast
      104 1 Reuter TOKYO, Mon. Japan's real economic growth in fiscal 1978 ending next March Is forecast at 4.8 per cent, down from last fiscal year's 5.5 per cent, and compared to the government target of 7 per cent. wm The Economic Research Institute of Yamalchl Securities Co Ltd said
      Reuter  -  104 words
    • Article
      Lock icon Rice crop devastated
      59 1 Reuter BANGKOK, Mon. Floods sweeping large areas of Thailand have caused damage to rice crops in excess of one billion baht, (SSI2O million), Interior Ministry officials said. The floods, which have devastated parts of the north, north-east and central plains rice bowl, killed over 90 people and
      Reuter  -  59 words
    • Article
      Lock icon Opec threat
      85 1 AP VIENNA, Mon. Officials of Opec countries said today industrialised countries are discouraging and obstructing Opec countries from participation In the making of finished petroleum products. Kuwaiti Oil Minister All Khalifa Al-Sabah, chairman of a three-day Opec seminar on downstream operations in Opec member countries said if that
      AP  -  85 words
    • Article
      Lock icon Cement plan
      65 1 Reuter JAKARTA, Mon. Indonesia plants to export 500,000 tonnes of cement next year, director general for the Indonesian Chemical Industry, Mr. Agus Sujono, said. He said a cement exporting drive will begin with the shipment of 50,000 tonnes to Thailand over the three months to December, and the
      Reuter  -  65 words
    • Article
      Lock icon Taiwan's GNP
      54 1 Reuter TAIPEH, Mon. Taiwan's gross national product (GNP) in the first nine months of this year rose 19 per cent to US$l9 billion (5543.7 billion) compared with the year earlier level, Economics Minister Chang Kwangshih said. He said the growth in real terms was 12.8 per cent after
      Reuter  -  54 words
    • Article
      Lock icon Dow Jones
      53 1 UPI NEW YORK, Mon. Prices headed higher in quiet trading today of New York Stock Exchange issues. The Dow Jones Industrial average, which gained 3.55 points on Friday and 14.20 points overall last week, was ahead 1.91 to 881.92. Advances led declines, 516 to 366, among the 1,335
      UPI  -  53 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      162 1 Rises Most active Kramat 239 +87 (JOB 1.484.000 Duniop Est 378 +48 M Credit 590,000 S Finance 348 +22 Si roe Darby 371,000 Gu in nets 750 15 Haw Par 344.000 Metal Box Spore 100 15 Cons Plant 313.000 LOB 390 10 KLKepong 133.000 KLKepong 226 +8
      162 words
    • Article, Illustration
      In Kuala Lumpur
      168 1 Rises Most active UO Bank 3.92 .16 S Trading 6.15 .15 Consplant 408.000 OCBC 9 20 +.15 Haw Par 392.000 Con Pit. Wrt 4.32 .12 UOB 285.000 Austral Ent 3.10 .10 S. Darby 251.000 Guinness 7.65 .10 Sea Corp 8.00 .i0 Total Turnover: 3.70 m C Prop
      168 words
  • Article
    Industries cool to resiting scheme
    815 1  -  THAIS STEP UP INCENTIVES By FONG MEW LENG SINGAPORE manufacturers have responded poorly to recent appeals by the Government to shift labour-intensive industries to Thailand. The shift of such industries was agreed on during talks between the Prime Ministers of the two countries earlier this
    815 words
  • Article
    Mitsui to issue US$20m FRCD
    221 1  -  By COLIN CHEE MITSUI Bank's offshore office here has returned fop the second time to the Asian dollar certificates of deposit market to tap US$2O million. Mitsui previously entered the market for the same amount in mid-April. The issue, which was announced yesterday, brings the
    221 words
  • Article
    Radiator sales hot up in US market
    617 1  -  •y JOHN LIM SINGAPORE'S only radiator manufacturer is doing well and expects to double sales turnover next year. Cooling Systems and Flexibles. a wholly-owned subsidiary of Teksons In Bombay, was set up here In 1971. It makes radiators, oil coolers and heat exchangers
    617 words
  • Article
    Australia acts on fares
    225 1 THE Australian government will ask airlines flying into and out of Australia to lower their fares as part of Australia's new international air fares policy to be presented to Parliament by Transport Minister Peter Nixon on Wednesday, government officials said. Mr. Nixon Is expected to outline
    225 words
  • Article
    Only one buying-in order done on KLSE
    203 1 BUYING-IN orders were seen at the Kuala Lumpur Stock Exchange yesterday following the submission of due and outstanding contracts by most brokers last Friday. However, at the close of trading yesterday, most of the buying-in orders had been withdrawn. There was only one
    203 words
  • Article
    UOB unveils strategy in fight for S. Finance
    488 1  -  ■y ARTHUR NG THE UNITED Overseas Bank yesterday unveiled Its grand strategy to acquire a controlling Interest In Singapore Finance with two new attractions. It will offer a cash alternative to the share exchange offer announced earlier and will also waive its
    488 words
  • Article
    BONN-PEKING PACT
    69 1 WEST GERMANY and China signed a long-range pact on scientific and technology cooperation yesterday. formalising exchanges begun in 1976. The agreement, initially for five years, will be automatically renewed for the same period If not cancelled by either side, the Bonn government said. Non-nuclear energy research. especially in
    69 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      2 1 Jg TRETORN
      2 words
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      Page 1 Advertisements Column 2
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      126 words
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      Page 1 Advertisements Column 3
      60 1 raaazzz SHIPPING TIMES SCORE in veotun with Suui 2 FORIIM ■■■!<: Tk* FIXING a fair date wttk the aattnal T I £U"><w. !S£?b2P".*.!?T r, .!r !i ACCOUNTING far the doable INSURANCE ImiwU) inject* standard* in UK 7 life into wptlp U MEMOPAD 1. CROSSWORDS S. AIRCRAFT SCHEDULE C, TV A
      60 words
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      Page 1 Advertisements Column 4
      151 1 itm APS ELECTRONICS (PRIVATE) LTD SMtfOAPORE'T* *****4 (simts) APS ELECTRONICS (M) SON BHD KUttA LUMPUR Te* 03 *****0 #2 fcii nl r. -•fO v v «s ••V.' I ~'d y V- f T •xrq ir KLM-ROYAL DUTCH AIRLINES Freight Handling Department 5, CIASXargo Terminal, Paya Leber Airport. Tel: *****3.*****3.*****1 ext
      151 words
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  • TRADE AND INDUSTRY
    • Article
      Speakers from Asean for energy conference
      264 2 KEYNOTE addresses by top petroleum processing officials of Indonesia. Singapore and Thailand will add significant Asean participation to the "Energy and South-east Asia" conference in Singapore on Dec 4 to at the Shangri-La Hotel. Opening the first session on Monday (Dec 4) will be
      264 words
    • Article
      Effluent plants installed at 451 factories
      477 2  -  By JOHN LIM A TOTAL of 451 factories In Singapore have installed various types of trade effluent treatment plants, ranging from the simple oil interceptor to the more sophisticated reverse osmosis and ion-exchange un-, its. This was reported by Mr Loh Ah Tuan; senior
      477 words
    • Article
      An Itel Advanced System for NS Data Centre
      203 2 AN Itel Advanced System (AS-5). one of the largest computer system in Southeast Asia, has been Installed in the Data Centre of National Semiconductor (NS Electronics). The computer has a capacity of four million characters of memory and two billion characters of
      203 words
    • Article
      Paving way for British campaign
      167 2 A FIVE-MEMBER British mission is now in Singapore to plan a hard and intensive "Sell Britain" campaign for next year. The team, representing the British Tourist Authority, the country's national office: British Rail; Trust Houses Forte, the world's largest hotel, catering and leisure group: Amsterdam
      167 words
    • Article
      Lock icon DECLINE IN TOKYO BUST-UPS
      150 2 Reuter JAPANESE bankruptcies In September fell to 1.183 from 1.256 In August and from 1,540 in September last year, the Tokyo Commerce and Industry Research Company said. The company, whose figures are used by the Bank or Japan for Its bankruptcy statistics, said debts Involved In
      Reuter  -  150 words
    • Article
      Lock icon Cement for China
      75 2 Reuter A GROUP of eight Japanese cement manufacturers has signed a Joint contract to export 100,000 tonnes of cement to China before next January at an undisclosed price. Onoda Cement said the deal was in addition to 40,000 tonnes of cement the group shipped to China durlngtne
      Reuter  -  75 words
    • Article, Illustration
      BESTEK'S COMPUTER
      200 2 THE world market for some Singaporemade consumer electronic products has improved further as reflected in the increasing production of Bestek Pte. Ltd., a leading manufacturer of electronic calculators, analogue clocks and digital watches. Bestek recently had to order a bigger capacity computer system to assist the company in
      200 words
    • Article
      SCORE, RATANA IN VENTURE
      398 2  -  ■y WANG LOOK KEAH THE INMATES of Singapore's drug rehabilitation centre will be making more fortunate people happy during Christmas and Chinese New Year by producing scores of hamper baskets for festive goodies. This latest venture by the Singapore Corporation of Rehabilitative Enterprise in cooperation with
      398 words
    • Article
      Lock icon Hyundai N-venture with Westinghouse
      190 2 Reuter THE Hyundai Group and Westinghouse Electric Corp said they agreed to establish a joint venture In Korea for the production and marketing of nuclear reactor facilities and conventional generation ment.A joint communique did not give details of the capital involved, but business sources in Seoul
      Reuter  -  190 words
    • Article
      MEMO PAD
      349 2 COURSES AND TALKS Sept 26-Oct 12: Industrial Relations, Holiday Inn, P.O.D. Oct 6-28: The effective executive, SIM, SIM Oct 9/10; 12/13; 16/17; 23/24: Business Module 4, RELC, NPB Oct 10-11: Metallic corrosion its causes and prevention, NPB, Hotel Royal Rama da Oct 10-13: Network analysis, SIM, Sim Oct
      349 words
    • Article
      US 'yes' to LNG deal a big boost to Jakarta
      300 3 INDONESIA, already one of the world's major oil producers. is now hoping for equally rich economic returns from its vast reserves of liquefied natural (LNG) after receiving b*if-a waited approval for Wg sales to the United States Five years after
      300 words
    • Article, Illustration
      Boustead fans demand
      400 3 THE MARKET for locally manufactured industrial fans has increased by leaps and bounds in the past two years and a huge potential, still largely untapped, exist in Indonesia. This was stated by Mr. Roland Miller, managing director of Boustead Engineering, after returning from a fact-finding tour of
      400 words
    • Article
      Focus on computer training
      302 3 THE CHARTERED Bank is placing increasing em-, phasis on computer training and is sending more of its computer department personnel on special courses here and overseas. Two senior computer department staff members completed training courses in the US last week. They were Mr. Yip Seng Leong
      302 words
    • Article
      Malaysian tourist corporation awaits approval
      326 3 THE TOURIST Development Corporation (TDC) is awaiting approval from the Malaysia government for its Hst of proposals to coordinate the activities of travel agencies and operators, TDC chairman Tan Sri Philip Kuok said. He was speaking at a ceremony in Kuching to mark the formation
      326 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      308 3 SEMBAWANG Shipyard has announced the following three appointments. Mr. Jerry Koh Joo Meng has been appointed marine manager, Mr. David Chen Tou Sin as yard manager and Mr. Kok Boon Heng as assistant marine manager. The appointments are effective from Oct. 1. 1978. Mr. Koh, 34, has
      308 words
    • Article
      Lock icon CHILEAN COPPER FOR CHINA
      185 3 Reuter CHILE will supply at least 30.000 tonnes of copper annually to China in 1978, 1979 and 1980, Chilean state copper corporation. Cod elco. president Gaston Frez said after an agreement was signed in Santiago. The copper will be blister and electrolytic, which may be cathodes
      Reuter  -  185 words
    • Article
      New Fair date to attract the Europeans
      640 3  -  »y TSANG SAU YIN THE opening date of the Singapore Fair, which has become an annual event of the Singapore Manufacturers' Association, may in future be shifted to midOctober or November. It will put the trade show of locally manufactured products smack in
      640 words
    • Article
      INSURANCE COURSE
      103 3 THE Singapore Insurance Training Centre will be conducting a course on reinsurance and its role in the conduct of insurance business every Monday from Oct 16 to Dec 18 at the SITC. The course is divided into two parts. Part one covers the basic principles of reinsurance and
      103 words
    • Article
      CONTAINERS BY RAIL
      403 3 IA Malaysian firm is negotiating with Malayan Railway to transport its products to Thailand in leased containers instead of ordinary wagons. It is understood that if the deal comes through, the railway will be carrying its first load of containers to Bangkok next week. Moving goods by
      403 words
    • Article
      Lock icon Stringent terms hold up maize deal
      196 3 Reuter. NO AGREEMENT has been reach so far on the Vietnam-Thailand maize deal because the Vietnamese buyers require fmalitv trrains. a source rom the Thai Board of Trade said. The source said Vietnamese negotiators required the 50.000 tonnes ofi maize, which Is to be
      Reuter.  -  196 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      164 2 Can you guarantee that nothing will be lost or damaged during your building contract ill i QtkHGW The Overseas Assurance Contractors' All Risks Policy for builders. Now, our Contractors' All Risks Policy will amply protect you against just about everything. It covers contract works. Construction machinery, plant and equipment. Clearance
      164 words
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  • Page 3 Advertisements
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      640 3 -IN-ONE CBOSSWOBD CRYPTIC PUZZLE ACROSS 4 Budgie's favourite artist (6) 7 Piano piece of little substance (8) 8 Best hat? (6) It Big man In N. America? (5) 13 A loud brief answer from the supporters (4) Ft Deceives the young (4) IS Does it hold the key to U.S.
      640 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      382 4 THE SINGAPORE rubber market yesterday closed easier with October One RSS buyer quoted at 254.00 cents per kilo, down 2.50 cents on last Friday's close. Despite China's acceptances for lower RSS grades from the usual sources, the afternoon market began cautiously before weakening some 0.75 cent
      382 words
    • Article
      Closing prices
      31 4 Rubber: Oct 9 Singapore: Oct 254.00 cents (down 2.50 cents) Malaysia: Nov 265.50 cents (down two cents) Tin: M 51,898 (down $7) Official offering: 220 tonnes (up 17 tonnes)
      31 words
    • Article
      RAS PRICES
      357 4 Prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.o.b. Int. 1 R.S.S. Oct Int. 1 R.S.S. Nov Int. 2 R.S.S. UK/Cont Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont Buyers 254.25 255.00 281 25 247.25 246 25 244.23 243 25
      357 words
    • Article
      SSR AND SMR
      96 4 NOON SSR and SMR price* yesterday: HAS October (Currant Mlh) Bayer* Seller* (cento per kg) Nmnbar (FerwmrtMtb) Buyers Sellers (cents per kg) SSR 20 SSR 50 (1-ton pallet) (1 -ton pallet) 231.50 228.50 233.50N 231 SON 232.50 230.50 234.50N 232.50N MRELB Nra* iber D* t ea bee
      96 words
    • Article
      Straits tin
      134 4 THE STRAITS tin price in Penang yesterday eased Ms 7 to $1,898 per plcul. The easier tone was mainly due to Increased tin concentrate supplies at the weekend, but the undertone sentiment remained steady on demand from all sources at this level, encouraged by London's: firmer closing last
      134 words
    • Article
      Coffee
      142 4 ROBUSTA futures In London yesterday ended the opening call slightly easier, 12 higher to £12 per tonne lower against Friday after initial gains of £14 to £10. Turnover was 297 lots. Dealers said the easier tendency came from dealer liquidation and profittaking following last week's gains and increased buying
      142 words
    • Article
      Zinc
      63 4 ZINC rose by £7 for cash and £6 for Three Months. This metal firmed on nervous covering and chart buying prompted by reports of further Soviet Inquiry after purchases late last week. Three Months traded up to £377 in the pre-market but was shaded in the ring where profit-taking
      63 words
    • Article
      Silver
      33 4 THE Hongkong silver market yesterday closed at HK5268.00 per 10 ounces, unchanged from Saturday, in fairly quiet trading, dealers said. The day's fixing price was steady at HK5268.00, the same as Saturday.
      33 words
    • Article
      Produce exchange
      167 4 THE Singapore produce market was quiet yesterday in the absence of overseas indications. Prices stagnated. Few deals were done and traders idled. Copra and coconut oil are still being offered at last week's prices. Last week, the prices for these two commodities had firmed $4 and $1 per
      167 words
    • Article
      Lock icon Gold
      229 4 Source: Stngmas THE KILOBAR in Singapore yesterday opened at Ssls*BB2 and closed marginally higher at $15,886, after trading In a high-low range of $15,904/15,857. The tone of the market was quiet. Spot gold for London delivery opened at U*****.40/223.80 and closed lower at U*****.80/223.10. The high-low for the day
      Source: Stngmas  -  229 words
    • Article
      Hongkong comex
      364 4 SUGAR prices yesterday firmed about 0.30 US cents in moderatelv active trading, with 39 lots traded against 17 on Friday, dealers said. Prices firmed on speculative buying, while selling of March at 9.55 cents restricted the advance In the early session, they said. The market ended at the
      364 words
    • Article
      Cocoa
      158 4 COCOA futures In London yesterday finished a short first call with losses against New York of £6.50 to £0.50 {>er tonne. Trading was lght. Dealers said the market lacked a fresh lead following the discounting on Friday of the 9.8 per cent decline In US third-quarter grin dings. Dealers
      158 words
    • Article
      Rice
      190 4 BANGKOK rice prices were quoted as follows yesterday: (In U8 dollars per tonne. F O B bull Bangkok) White fUca: 100 pet lit class 402.100 pet 2nd class 387. 100 pet 3 rd class 382, S pet 377. 10 pet 392. IS pet 347. 20 pet 342. 25 pel
      190 words
    • Article
      Aluminium
      40 4 ALUMINIUM closed fully £2 higher for Three Months in London yesterday. Trade sources attributed the movement to shortcovering prompted by the trend In most of the base metals with the demand met by trade selling. Turnover was 950 tonnes.
      40 words
    • Article
      Lock icon Commodity prices continue uptrend
      1168 4 AFP. THE UPWARD trend in commodity prices continued in London last week, with only one or two notable exceptions. Gold and platinum reached new record levels, rubber touched its highest since the 1951 Korean War, while both lead and zinc were at 18-month peaks. But sugar,
      AFP.  -  1,168 words
    • Article
      Sugar
      110 4 RAW sugar futures In London yesterday opened C 1.75 to £3.30 per tonne up on Friday afternoon's closing levels In a turnover of 1.790 lots. Dealers said the very steady opening on trade and commission-house buying and short-covering apparently triggered by renewed optimism that the US will settle its
      110 words
    • Article
      Copper
      85 4 COPPER wirebars in London yesterday finished the morning up £1.5 for cash and £2 for Three Months. The early pre-market was steady on light covering prompted by a slightly larger than expected fall in stocks. In the ring, heavy fresh selling from an influential quarter was well absorbed mainly
      85 words
    • Article
      Lead
      71 4 LEAD finished the morning up £7.5 for cash and £4.75 for Three Months In London yesterday. The market remained firm on further covering prompted by good physical inquiry which included the Soviet Union, dealers said. Three Months traded up to £413 where profit-taking stemmed the advance but cash forged
      71 words
    • Article
      Lock icon Journal sees tin, copper shortfall
      505 4 AFP. WORLD production of copper and tin will fall to match consumption this year, zinc will be In surplus in the short-term, but In deficit by the mid-1960 and a serious surplus of lead in 1978, Is unlikely, according to experts writing In the Mining
      AFP.  -  505 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        445 4 THE US dollar saw featureless trading on the foreign exchange market yesterday. There were some fluctuations against major currencies but the dollar opened and closed here at about the same level. Against the yen, the US dollar opened at 188.55/65 and moved up and down before closing at
        445 words
      • Article
        Asian $ rates
        128 4 Asian rates on Oct 9 U8M on— -vsr 7day* 1 mUi 2 mths 3 mths 6mths mths 12 mths tint 81/4 *1/2 07/0 101/16 101/16 101/1* 015/16 01/0 93/0 93/4 915/16 91V16 9 IV16 Sm. Frw. Das. (MM41> Prteaa) 1 mth 3 mths 6 mths 12 mths 1/1 Vt 9/16
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      • Article
        Australia/NZ
        60 4 AU8TRALIA and New Zealand exchanges on Oct 9: AUSTRALIA US donar 1.1000/ 1 1552 Sterling 0)0000/ 0 JS19 Ninety-day airmail buying rates Sterling 0 6004 US dollar ***** Ninety-day forward buying rates: Sterling 0.507 US cto&r ***** NEW ZEALAND SterUnc 0 .5300/ 0 5350 US dollar 1 .0070/ 1.0070
        60 words
      • Article
        Discount
        40 4 discount house* on Oct 9 Overnight 3S% Oftll deposit 3H% Cleelaz Bmyimt 3-Month Treasury Mils 3 9/16 3-Month Bank Nils 611/19 3-Month CD 71/> 9-Month CD 7 ft/16 Mite, J 7/19 99/19 7 73/16 Source: National Discount Co Ltd
        40 words
      • Article
        MLR
        21 4 THE await rate at which Siiftpor* hub an eurrniUy pnputd to Ind to tkav bast cotfomcn to 7.28 per cent
        21 words
      • Article
        Frankfurt
        45 4 FRANKFURT exchanges opening quotes on Oct 9: fT8 1 0977/02 (*****/20) OUI 1 8110/40 8tgS.7S00/7000 DPI 92 20/30 8 Pr 110 50/00 Lit 2.113/93 F Pr 44 25/35 II Kr 37 70/00 B Ft (con) 0.943/353 B Pr (fin) 5 902/6 022 Yen 1.0000/10
        45 words
      • Article
        London
        147 4 THE DOLLAR yesterday opened steady around Friday's closing levels having lost Friday's Nfew York gains In the Far East earlier in the day. A quiet day was expected In view of the Columbus Day holiday in the US with the New York the foreign exchange market closed, dealers said.
        147 words
      • Article
        Tokyo
        167 4 THE US DOLLAR for overnight delivery yesterday closed at 188.00 yen, down from a 189.00 opening but up from 187.60 at Friday's close. The US currency weakened in light late trading on sustained dollar selling by Japanese banks and export covering by traders and manufacturers, after opening higher reflecting
        167 words
      • Article
        Hongkong
        133 4 IN THIN trading, the US dollar closed lower yesterday but slightly above the day's lowest levels as early European Interest checked its fall. Dealers said concern over the crisis in Lebanon nnrt disappointment over US antllnflation measures were announced over the weekend depressed the U£ unit which closed around
        133 words
      • Article
        Euro $ rates
        141 4 Euro rates LONDON Eurodollar deposit rates yesterday opened basically steady but had a firmer undertone due to the continuing outlook for higher US Interest rates and despite the slightly lower Fed Funds rate on Friday. Dealers* reported quiet conditions with usual slow Monday trading further dampened by the New York
        141 words
      • Article
        Eurobonds
        342 4 EUROBOND ort Oct 9: STRAIGHTS prices quoted BID OPTO Nat west 986 102 00 Hydro Quebec 94 93 99 oo DB9M03 98 63 JC Penney 8 H 83 98 25 SKS™"" SS 94.37 8pcjt*nkernu 8%. 88 98.87 Shell 8 V, 90 96 26 8NCF8M94 96 83 EIB8S 88 96.50
        342 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      112 4 m 1 11 1 yiWMxVjLr'' Ah, fill the Cup what boots it fo repeal How Time is slipping underneath our Feet Unborn To morrow and dead Yemnav. Why fret about them if To-day be sweet! Que la ros*e est gaie au printemps sur la rose. Quand en mes bras, sur
      112 words
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  • OVERSEAS
    • Article
      Lock icon Labour grabs landslide win in NSW
      683 5 AFP. AUSTRALIA'S most developed and populous state has voted against the Fraser government's liberal economic policies in the strongest state landslide for over a decade. New South Wales Labour Premier Neville Wran will form a new government in a few days tacked by majorities
      AFP.  -  683 words
    • Article
      Lock icon Crucial parts of energy Bill stymied
      455 5 UPI THE US Congress probably will approve 96 per cent of the energy measures proposed by President Carter, but the parts lawmakers rejected were the ones that promised the greatest fuel savings, Energy Secretary James Schlesinger said on Sunday. Mr Schlesinger also said the
      UPI  -  455 words
    • Article
      Lock icon Heart disease, cancer diet related
      149 5 UPI. AMERICAN government research into nutrition has failed to put enought emphasis on the relationship between the over-abundant diets of most Americans and deaths caused by degenerative diseases, a congressional report said. The Office of Technology Assessment (OTA), an advisory arm of Congress, said five
      UPI.  -  149 words
    • Article
      Lock icon Congress will try
      49 5 Reuter THE US Congress will try to complete its session this week with a long list of unfinished legislation and a host of impatient members anxious to be home campaigning for re-election on Nov 7. Congressional leaders hope to adjourn for the year by Saturday. Reuter
      Reuter  -  49 words
    • WORLD IN BRIEF
      • Article
        Lock icon PAL-AIRBUS TALKS
        426 5 Agencies PHILIPPINE Airlines (PAL) said it is holding talks with Airbus Industries on the possibility of buying two A-300 wide-bodied aircraft for its Asian routes. A PAL spokesman said if the airline decided to buy the aircraft it would want them delivered by late 1960 after taking delivery
        Agencies  -  426 words
    • Article, Illustration
      WHAT TRANSPIRES HERE?
      412 5 THE TRANSPARENT plMtle sheath that encircles the If m tree (aheve) In a pine plirtiWw near Perth, Western Australia is part af the apparatas■sed ia transpiration studies that will help salve salinity prehiems en farm lands and in streams. Dr Erie Green weed, n senior principal research
      412 words
    • Article
      Pressure on Fed to tighten M1
      511 5 Alan C. Lemer,senior vicepresident of Bankers Trust Company, reports on the US money market: "PRESSURE continues to mount on the US Federal Reserve to pursue a more restrictive monetary policy. The central bank's failure to come to grips with the runaway aggregates was underscored
      511 words
    • Article
      RENEWED HOPES ON NY PRESS STRIKE
      106 5 THE adviser to a coalition of newspaper craft unions, said the two-month-old printing pressmen, strike against the New York Times and Daily News could be settled soon. Mr Theodore Kheel, who has been directing the negotiations between the two sides for the past month,
      106 words
    • Article
      Lock icon Adequate oil to last 89 years
      255 5 Reuter. THERE is enough recoverable oil in the world to last 60 to 89 years at current consumption rates, Time magazine reported the US Central Intelligence Agency (CIA) as saying. The CIA report, prepared by the Rand Corp. said more oil could be made
      Reuter.  -  255 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      738 5 arrivals Service Local Operator Number Tne Fron PAA PA005 0115 LAX/HKG MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0640 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CI 806 moo HLP CPA CX710 1005 HLP GIA GA980 1030
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      153 5 We can open more doors for you than any other Canadian bank a Open the door of Canadian Imperial Bank of Commerce in Singapore and you have over 1700 branches open to you in Canada. What's more, as well as having the largest network of branches in Canada, we're also
      153 words
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  • Article
    Quality is the best policy
    581 6 AFTER years of watching Central Provident Fund contributions rising and eating into the potential market of the life insurance business, the Industry has finally decided to take the offensive. The frife Insurance Association, with the support of the trustees of the Insurance Trust Fund, has
    581 words
  • Article, Illustration
    Support industries will put S' pore ahead of the region
    1195 6  -  t.:.4 -.v '•>. y^»i -'v. •V' a t i 3 Singapore's success In commerce and trade can be traced back historically to its location the focal point of communications and a wide regional market. Investors in Singapore talk about its
    1,195 words
  • Article
    Lock icon Giving Gulf buildings a perk
    759 6  -  By JUDITH PEREIRA FT. THE effects of uncontrolled buildlt in the Arabian Gulf are becoming increasingly obvious as facades crumble, walls crack and paint flakes off aa soon as it is applied. "There is an urgent need to stop the disintegration of buildings," according to
    FT.  -  759 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      170 6 Delicious food at its most glorious awaits you at 'J-jluuUulrrr TERRIFIC Hotel Royal RAMADA Newton Road, Singapore 11. Republic of Singapore Telephone: *****1. Telex: R6-***** Cables: HOTELROYAL hour.: v i I food .1* win .it Od'.tit l< < T..st< Ih« most m< utti w.iu't illJstnpir< i s it I mopejf
      170 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 WEATHER outlook for Singapore frofn 6 a.m. to noon today: Generally fair. Beport for 24 hours prior to 7.30 pm on Oet 9 at the airport: Maximum Temperature 32.6° C Associated Humidity <6 Minimum Temperature 24.5° C Associated Humidity 97 Hours of Sunshine 8.4 fafafcH in Millimetres Nil Total Rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      284 6 SINGAPORE 5 3.00 PM Opening announcements followed by Impact 3.25 Diary of Events (English) 3.30 Afternoon Matinee The Eve of Saint Mark (part II) 4.15 Science Report 4.30 Intermission 6.00 PM Opening announcements followed by rabies of the Green Forest 0 6.30 News in Brief 6.35 Wonders of the Wild
      284 words
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  • Article
    Lock icon UK must account for its double standards
    2246 7  -  Accounting standards should it be dictated by the shareholders and investors, as in the US, or by the companies themselves, as in the UK? MICHAEL LAFFERTY discusses the latest developments within the UK, which suggests a move towards the US model. Take note,
    FT  -  2,246 words
  • Article
    Put up your case, Sime Darby
    521 7  -  KENNETH CHEW WE REPRODUCE below a letter to the pjiairman of Sime Darby, sent to Business Times bp the writer for publication. AS a shareholder of Sime Darby, I find the board's desire to recommend changes of auditors disturbing in view of the comments
    521 words
  • Article
    STRAWS IN THE WIND
    312 7 SINGAPORE may soon be Involved In the management of a hotel In China. The grapevine has It that the chief executive of a local hotel Is now in China ostensibly to visit relatives and old friends. But It appears that more may come out of the
    312 words
  • Article
    Let Beethoven string along with Bartok
    773 7  -  [FORUM. ...on music ®r" TERESA LIM THERE were many people who read, with great relief, the firm statement from Mr. Bernard Lap, Philips Singapore's managing director and chairman of the national orchestra's endowment fund sub-com-mittee, that the orchestra Is dedicated to fine music and
    773 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      364 7 ■f s wmia gygsgera SSS p I j LJ I I 7 1 1 IIIK&,|; m '3V 4P* i I ;.k* v A. £n r 3*» New Japanese Restaurant KlKU^p serving authentic Japanese food m z; v r4 V V r f 4A r You 11 tem. like royalty at
      364 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article, Illustration
      Lock icon Penguin hires its first American executive
      639 8 NYT PENGUIN Books, the pre- eminent British paperback publisher for more than 40 years, has hired Its first American chief executive. He Is Mr. Peter Mayer, formerly head of Avon and Books and the holder of one of the better records In recent US
      NYT  -  639 words
    • Article
      Lock icon Direct dealing may benefit Comsat
      596 8 NASA seen as potential customer NYT THE Federal Communications Commission has agreed for the first time to allow the Communications Satellite Corp (Comsat) to deal directly with an international customer, and the move may lead to expanded business opportunities for Comsat. The commission's ruling last
      NYT  -  596 words
    • Article, Illustration
      Lock icon Firestone, US fail to reach accord
      599 8 Several stumbling blocks emerge to dampen early optimism NYT THE DELICATE negotiations between the Firestone Tire and Rubber Company and the US federal government over a possible voluntary recall of million: of the controversial Firestone 500 steel-belted radial tyres have failed to produce an
      NYT  -  599 words
    • Article
      Lock icon Strong yen boosts convertibles
      339 8 BON DS LOANS Reuter THE FIRMNESS of the i Japanese stock market and the strength of the yen have Inspired active buying of both dollar and mark-de-nominated Japanese convertible bonds In the last week. The beginning of the new fiscal year for Japanese stockbroklng houses traditionally
      Reuter  -  339 words
    • Article
      Lock icon Norsk Hydro raises credit
      70 8 Reuter NORSK Hydro AS is raising a US$l2O million 10-year syndicated credit, a senior company official said from Oslo. The credit, managed by First National City Bank, is intended for refinancing of earlier loans, he added. The official declined to comment on a published report that
      Reuter  -  70 words
    • Article
      Lock icon CPA SIGNS YEN DEAL
      87 8 Reuter. ALGERIA'S state-run development bank, Credit Populaire D'Algerie (CPA), signed a contract in Tokyo for a five billion yen syndicated loan from an international group of 11 firms, led by Tokal Bank Ltd of Japan, the lead manager said. The eight-year loan will bear a floating
      Reuter.  -  87 words
    • Article
      Lock icon Atlas wants US$ 80m facility
      84 8 Reuter ATLAS Consolidated Mining and Development Corp is raising USSBO million through an eight-year syndicated loan, Bank of America's BA Asia Ltd unit said as Joint lead manager. Proceeds will be used towards financing Atlas' carmen mine and concentrator project. Interest rate was not disclosed,
      Reuter  -  84 words
    • Article
      Lock icon Japanese call to expand broker trading
      173 8 Reuter JAPANESE securities companies are asking the Finance Ministry to expand their framework ..for broker trading in the Gensaki market, a relatively fxee Japanese market where bonds are traded under repurchase contracts up to six months. Local securities sources said the present broker frameworks
      Reuter  -  173 words
    • Article
      Share prices close lower
      458 8 TOKYO SHARE prices closed lower yesterday, led by blue chips and populars, extending last Saturday's fall, dealers said. The market average fell 10.45 to 5,758.90 with volume 210 million shares. The Tokyo Stock Exchange Index closed at 434.22, down 0 66 Public works issues, steels, machines,
      458 words
    • Article
      Sydney
      378 8 SELECTED resources stocks closed with modest gains in a generally quiet market yesterW. Among coals. White Industries and Utah each gained five cents to A 54.75 ana $4.20 respectively while Thless and Oakbrldge closed at $3.35 and $1.75 after easing slightly in early trading. Crusader and Vamgas were prominent
      378 words
    • Article
      Lock icon Hongkong
      311 8 Source: SHK Sec AFTER an early flurry of speculative buying, the market gave way to short-term profittakers, a familiar feature of the market recently. Shares such as HK Wharf, Oreen Island Cement, Hutchison Whampoa and China Provident led the way but by the close only C.P. showed a tangible
      Source: SHK Sec  -  311 words
    • Article
      Manila
      161 8 THE market ctoaed lower acroes the board yesterday with turnover fatting to 18.53 ml Hi or pesos from Friday's 27.88 million The only gainers were Pogel, Pioneer and Meralco white Acole Mining, Atlas Con B. Baguio Gold, Benguet Con B. Lepanto B. Marlnduque B, Phllex B. Basic Petroleum, Landoil
      161 words
    • Article
      Bangkok
      158 8 Oatt BaM Bangkok Bank TK Banfcof Ayudhara ua XI4 Thai Danu .....i. m Thai Farmer* tto Bank MS Bangkok Metropolitan Bank Om Industrial Finance or Bangkok iovhumr m nm Trim m Ri)anntnM xjm Lee Kwmng Ming 307 Truit Thailneurance unq m Safety Insurance Jaiapralhan Cement "J 8tam Cement 488
      158 words
    • Article
      Selected indices
      25 8 HE-HANG SENG Monday 61».« Friday «I4.« Week Afo 616.S2 SYDNEY INDUSTRIALS Monday 472:11 Friday ***** Week Ago ,..clo«M all ordinaries Week Ago ck*ed
      25 words
    • Article
      Maruetsu convertible
      56 8 THI 30 million mark convertible bond for liarueteu Co Ltd baa a J-1/2 par cent coupon and will be convertible at a price of 1.192 yen par abare at a Used exchange rata of M.62 yen par mark, lead manager Berliner Handela-und Frankfurter Bank aald. The bond baa
      56 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      329 8 UNfTED CHASE MERCHANT BANKERS LIMfTED a ANNOUNCEMENT On 26th August, 1978, the Directors of United Overseas Bank Limited announced that agreement had been reached with certain shareholders of Singapore Finance Limited to acquire 4,042,500 shares of $1.00 each, fully paid, in Singapore Finance Limited on the basis of every four
      329 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Carrier, Jenn-Air agree to merge
      880 9 N.AMERICAN Reuter. "CARRIER Corporation, a leading manufacturer of cooling and heating equipment, agreed to purchase Jenn-Air Corporation for about US$B7.5 million In stock. 10 The announcement of the "*"7 merger plan was made Jointly by Carrier and Jenn- Air, the Indianapolis-based I maker of cooking
      Reuter.  -  880 words
    • Article
      Lock icon Litton project
      82 9 Reuter. "LITTION Industries said it *hks agreed in principle to a US$l.5 billion project in Saudi Arabia that involves installation of a "com"mand, control, and system," •In that country. it Litton said the tentative agreement covers the scope 'and price of the project and *\''tjiat negotiations are proceeding
      Reuter.  -  82 words
    • Article
      Lock icon Siemens reports rising incoming orders
      183 9 Reuter. SIEMENS AG had rising incoming orders leading to increased business for mass produced products in the year ended September 1978, although developments in individual company sectors varied strongly, its chairman Mr. Bernhard Plettner, said. He said the German economic climate is becoming rougher with
      Reuter.  -  183 words
    • Article
      Lock icon Volker, Stevin agree on merger terms
      94 9 Reuter KONINKLIJKE Adriaan Volker Groep N V and Stevln Groep NV said they have reached complete agreement on a merger plan. Early in September, the companies said the merger terms would involve tne 'issue of one 20-guilder share ••to a new holding company, Stevln
      Reuter  -  94 words
    • Article
      Lock icon SOCIETE GENERALE
      43 9 Reuter n SOCIETE Generale said it 'has opened a full bank branch In Hongkong after "being granted a banking .--licence *2 Societe Generale has been fOperating there since November last year as a finance company under the deposit taking ordinance. Reuter
      Reuter  -  43 words
    • Article
      Lock icon National Semiconductor
      213 9 Reuter NATIONAL Semiconductor Corp said business demand has been steady or growing for virtually all Its products. The company is cautiously optimistic about future results. It said customer demand during the first quarter exceeded capacity. Sales of most component famllitles set new highs, including random access memories and
      Reuter  -  213 words
    • Article
      Lock icon EMI predicts more losses in electronics
      447 9 EUROPEAN Reuter EMI LTD expects losses in the medical electronics business to continue in the first half of the current year, Its chairman Mr. John Read said. Benefits from recently announced new models of computer tomography scanners will not come through until the second
      Reuter  -  447 words
    • Article
      Lock icon ENI's new set-up
      29 9 Reuter ENTE Nazionale Idrocarburl (ENI), the Italian state energy group, is setting up an international holding company in Luxembourg, ENI International, to control Its foreign operations.
      Reuter  -  29 words
    • Article
      Lock icon Volvo concentrates on commercial vehicles
      571 9 FT VOLVO of Sweden is .to spend between Kr 2,500 billion and Kr 3,000 billion to further develop Its range of trucks, an illustration of the emphasis the group now puts on commercial vehicle manufacturing. Mr. Sten Langenius, chief executive of the trucks division gave
      FT  -  571 words
    • Article
      Lock icon SAFEWAY BUOYANT
      71 9 Reuter SAFEWAY Stores, a worldwide chain of supermarkets, reported an Increase in its third quarter profit to US$3l.7 minion, or $1.22 a share, from $17.2 million, or 67 cents a share for the comparable year-ago period. The company also said its sales for the quarter Increased to $2.9
      Reuter  -  71 words
    • Article
      Paribas group fails to meet earnings forecast
      370 9 DESPITE its earlier forecast that profit this year would be "at least equal" to those of 1977, Compagnie Financiere de Paris et Des Pays-Bas, the Parlbas group holding company, reported a drop of about 16 per cent in Its first-half earnings. Provisional profit
      370 words
    • Article
      Lock icon American Std expects income to rise
      278 9 FT MR. WIIXIAM Marquard S resident of American tandard said he expects group earnings for 1978 to exceed US$7 a share. This compares with $5.62 a share for 1977 and adds strength to the earlier prediction that earnings would be "substantially higher" this year.
      FT  -  278 words
    • Article
      Lock icon Phillips oilfind off Eire not viable
      228 9 Reuter. AN INTERNATIONAL exploration consortium headed by Phillips Petroleum Co has announced the first oil find in concession zones off Eire's west coast. But the group said the find was too small to be commercial, especially in the water depth of more than 230
      Reuter.  -  228 words
    • Article
      Net win at Resorts
      38 9 RESORTS International reported that its "net win" from its hotel casino in Atlantic City totalled US$l9.7 million in September. Net win represents gross revenues from gaming operations before any costs or expenses, including taxes.
      38 words
    • Article
      Lock icon Turnaround fails to offset loss at Dunlop
      576 9 ASIAN Reuter DUNLOP Australia Ltd said a recovery in profit for the second half of Its trading year ended June 30 was insufficient to offset the Impact of the late 1977 Victorian power strike on first half profit. Attributable after tax profit in
      Reuter  -  576 words
    • Article
      Lock icon Codelco buys Tokyo tyres
      77 9 Reuter A CHILEAN company, Corpor&clon Naclon&l del Cdbre de Chili (Codelco), has ordered 900 large tyres from three Japanese companies at a total cost of US$4.5 million. Yokohama Rubber Company Limited said the otfter two companies involved were Bridges tone Tire Company and Toyo Rubber Industry.
      Reuter  -  77 words
    • Article
      TORAY SUITORS
      222 9 TODAY Industries Inc has identified the group of principal shareholders in Hong-kong-based Textile Alliance Ltd, proposing to buy shares held by the public at HK$lO per share cash. The group Includes Toray with 49.9 per cent, C. Itoh and Co Ltd with 9 per cent, Mr. C.C. Lee,
      222 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      179 9 Th» announcement appears for the purposes of record only. NEW ISSUE AUGUST, 1978 GENERAL SECURITIES INVESTMENTS LIMITED Issue of 25,000,000, Ordinary Shares of Ssl.oo each at Ssl.oo per share Managed and Underwritten by THE DEVELOPMENT BANK OF SINGAPORE LIMITED Post Office Savings Bank of Singapore DBS-Daiwa Securities International Limited MorganGrenfell
      179 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1162 10 HlJWnd otter price* officially listed wrftN— in and reported to Um Stock Exchange of yesterday with the number of shares traded shovif in bracket* in lots of 1,000 unit* noted otherwise specified Ail Time Settlement Contract* are quoted after the vord "sett." Big Board deal (In lots of
      1,162 words
    • Article
      Government bonds
      91 10 4 */<* 1/8/88 (250,000) (09.006) (2) 99.50 (2) 90.51 4 */4* 18/9/80 (250.000) 100 058) (6) 9998 < 2 > 5% IV4/B1 (250.000) (100.008 100.208) (4) 100.10 2/4% T r 1&V8I-84 250,000) (102.006) 7% 1/VM (250.000) (100.708 100.858) 7 1/4% 18/4/88 (250,000) (100.75B) 7 1/4% IS/18/88 (250,000) (100.75B)
      91 words
    • Article
      Stock options
      98 10 BTRIKINO prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded showrv in brackets. «S»m5T <0 i-JosT* N (D ~<4 #5) (1108 HUME P E (DEC Hume F E
      98 words
  • Article
    SHARE INFORMATION SERVICE
    2476 10 1978 Hi jh Low Company Last Sale +orGr'» Dfv Dtv Crr Gr'f Net YTd P/E Vel Day C060) High Low SECTION ONE 1 aINDUSTRIALS 272 238 IIS 219 275 UJ. 276 326 245 660 132 Acma 123* Alcom 112 Allied Choc 133 BAT 195* Bala 60* Ben
    2,476 words
  • Article
    Unit trusts
    145 10 8WCATOM unit TKU8T INCOME BOND UNIT I far Om Om M) (CM 111 rtc-l The Commerce j.jj 141 The Smvinc Fund 1.43 151 8 poreProfFund 1M MOxd 8 pore Security **nd 1.90 2 02 8 pore Invest Fund j .jg 144 INCOME BOND 1.10 1.10 I MABA BUMWI1A
    145 words
  • Article
    In Kuala Lumpur
    1614 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 m brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS Ajlnemata (INS).Alaam < 2.005) XD. Ataa N*M (1.1H). All OHM (1.30B). Sat*
    1,614 words
  • Article, Illustration
    Block deals in selected stocks mark the day
    639 10 THE —Hm was nMjr higher on the fetoek Kxchia|» ot 9tnnw ymtar day. Several counters, however, drifted dowa to )ost above their overnight levels d urine the afternoon session. Aa outstanding feature at yesterday's trading was the bloch deals done on a
    639 words
  • Article
    KLSE shares slightly higher in dull trading
    498 10 SHARE prices headed slightly higher in a relatively dull Kuala Lumpur stock market yesterday. Trading sentiment was slightly firm In the morning session. However, In.the afternoon, profit-taking pushed prices off the day's highest level. First and second liners continued to attract the bulk
    498 words
  • Article
    COMPANY MEETINGS
    109 10 Southern Kiata Coawlidated(M) Bhd: AOM to be held at Wlsma Bung*. Raya, 152, Jalan Ampang, Kuala Lumpur, at 11.00 a.m. on Oct. 10. Pubtte Bank Bhd: BOOM to be held at 3rd Floor, Jalan Raja Chulan. Kuala Lumpur, at 12 noon on Oct. 21. Mega Chemical*: AOM to
    109 words
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  • COMPANY NEWS
    • Article, Illustration
      Allied Chocolate strategy pays off
      650 11  -  By MANO SABNANI ALLIED Chocolate Industries' performance (or the first-half of the current year is standing testimony of how companies dependent on imported raw materials can minimise the adverse effects of sharp price fluctuations. The company derives the bulk of its profit from bulk industrial
      650 words
    • Article
      Sin Heng Chan stays on growth path
      269 11 SIN Heng Chan (Malaya) seems well on the way to record yet another year's growth in earnings with a pre-tax profit of $2.74 million for the first- half ended June 30, an increase of 8 per cent over the figure for the corresponding
      269 words
    • Article
      Paper Products profit jumps
      483 11 GROUP pre-tax profit at Paper Products (Malaya) for the first six months of this year increased 104 per cent to $1.18 million against the first-half result for 1977. This is before minority interest of about $150,000. However, compared with the immediate preceding half ended Dec 31,
      483 words
    • Article
      DIVIDENDS ANNOUNCED
      566 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previoua year Hume M 9* Sept 13 Sept 23 Oct 7 15* 10* Home FE 7W* Sept 22 Sept 29 Oct 16 12 "j* 10* Guthrie 2*1 Sept 25 Sept 30 Oct 9 2*
      566 words
    • Article
      SCRIP ISSUE
      177 11 Company Particulars Ex Date Book* Close Temerloh MBS Harimau Rothman* Carlaberg Pub. Bank Synthetic Reaina Faber Merlin Bonus Issue of 1 for 6 Bonus Issue of 1 for 5 Rights Issue of 1 loan stock for 2 ordshares Bonus Issue of 1 for 4 Bonus Issue of 1
      177 words
    • Article, Illustration
      NBT faces one of its worst years
      854 11  -  BLAME ON TIMBER OPERATIONS By DAVID CHOW THE timber side of North Borneo Timbers, which was previously its mainstay, turned out to be its downfall in the financial year ended May 31. Mincing no words about the year in review, which is described
      854 words
    • Article
      THAI GROUP EYES AOKAM'S CONCESSION
      522 11 THE Offshore Mining Corporation (OMO) of Thailand, a public sector entity, is to seek a revision of its existing contract with Billiton Thailand, part of the Royal Dutch Shell Group. In another equally significant move, a group of four leading miners in South Thailand is
      522 words
    • Article
      TDMB to increase capital to $100m
      297 11 TRENGGANU Development and Management Berhad (TDMB) is to Increase Its capital tram $25 millian to $1M million through the creation of an additional 75 million shares of $1 .M each. The move wan approved by shnrehold em at Its annnal meeting on Sept 28.
      297 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      57 11 This announcement appears as a matter <>( record only P.T. KANGAR CONSOLIDATED INDUSTRIES U559,500,000 Medium-term Loan Managed by: Private Investment Company for Asia (PICA) S.A. Provided by: Irving Trust Company Morgan Guaranty Trust Company of New York Tlm National Bank of Australasia Limited Private Investment Company for Asia (PICA) S.A.
      57 words
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  • Article
    Campaign to put life into insurance
    669 12 THE MONETARY Authority df Singapore, one of the trustees of the Insurance Trust Fund, has approved the used of $200,000 from that fund for promoting life Insurance In Singapore. The money will be used by the Life Insurance Association to fund a series of
    669 words
  • Article
    Lock icon Asean food project urged
    106 12 Reuter THE setting up of an Asean food reserve project would be a significant step towards regional cooperation, Indonesia's Minister of Agriculture, Professor Soedarsono Hadispoetro, said." Speaking at the opening of the fourth meeting of the Asean committee on food, agriculture and forestry, Hadispoetro said even
    Reuter  -  106 words
  • Article
    Faster growth rate this year, says SITC
    445 12  -  By SOH TIANG KENG THE finance, insurance and real estate sector of the Singapore economy will grow much faster this year than last year. The Singapore Insurance Training Centre (SITC) predicts this sector will expand between 7 per cent and 8.6 per cent
    445 words
  • Article, Illustration
    Lock icon DOLLAR FEATURES HIGH AT TALKS
    537 12 Reuter WEST German Chancellor Hfelmut Schmidt's official visit to Japan this week will feature intensive discus»tons with Prime Minister Takeo Fukuda on the world political and economic situation, with less protocol-and tourism than Is usual in Japan. The two leaders, both acknowledged economic experts and
    Reuter  -  537 words
  • Article
    LONDON STOCKS
    773 12 LONDON, Mon. Shares closed mostly higher today in light business on hopes of a settlement In the British Ford strike following news that management and unions will meet tomorrow, dealers said. At 3 pm the Financial Times Index was up 6.4 at 509.4. Apprehension ahead of today s
    773 words
  • Article
    Lock icon Review's tangible assets in Manila frozen
    244 12 Reuter. THE Philippine* Poet Office and Customs have ordered their officers to hold all property of the Hongkongbased Far Eaatera Economic Review passing through tho mails until settlement et a libel case brought by Defence Minister Juan Ponce Enrile. Postmaster General Feiizardo Tanabe said
    Reuter.  -  244 words
  • Article
    Lock icon JAPANESE PLAN RICE AID TOS-EA
    163 12 UPI. THE Agriculture, Forestry and Fisheries Ministry of Japan has worked out plans to dispose of a portion of surplus rice expected to total 6 million tonnes this autumn. Disclosing this the Nlhon Kelzal Shlmbun newspaper said the ministry wants to appropriate about U555.32 billion
    UPI.  -  163 words
  • Article, Illustration
    Arbuthnots are looking to the Far East
    872 12  -  ■y MANO SABNANI THE business of portfolio management may soon take on a new dimension in Singapore with the appearance on the scene of Arbuthnot Securities, one of the most aggressive London-based investment firms. Arbuthnot Latham, parent of Arbuthnot Securities, has had strong
    872 words
  • Article
    Lock icon Philippine trade deficit doubles
    293 12 Reuter. THE Philippine trade deficit more than doubled In the first nine months of this year to US$9l6 million (SS2.I billion), while the overall balance of payments surplus narrowed considerably to $87 million, .the central bank said in a preliminary report. The report to President Marcos
    Reuter.  -  293 words
  • Article
    Lock icon INVESTORS ASSURED
    294 12 AFP. THE Malaysian government will continue to provide facilities and fiscal Incentives to local and foreign Investors. In declaring open the newly-elected Parliament, King Tengku Yahya Petra said the government had established a central unit to speed up applications for Investment and to cut down on red tape.
    AFP.  -  294 words
  • Article
    Clearing house for KLSE call
    432 12  -  »y NOORJAHAN KARIM in Kuala Lumpur A US Investment banker has suggested the setting up of a clearing house to speed up transactions on the Kuala Lumpur stock market. In addition to reducing the time involved on stock market transactions It would also reduce the
    432 words
  • Article
    Lock icon Tokyo 'no' to yen bonds in Europe
    260 12 Reuter THE Japanese Finance Ministry has been unofficially approached by Banque Francrlse Du Commerce Exterieur for permission to float yen bonds on the European capital market. Official In Tokyo said the Ministry does not at present intend to approve the requests due to
    Reuter  -  260 words
  • Article
    Lock icon The Taiwanese success story
    135 12 AFP THE TAIWANESE government faces increasing challenges from China as It celebrates Its 67th founding anniversary today. This will be the first "double tenth" (Oct 10th) celebrations for President Chiang Chin-kuo, who took over the helsmanship last May 20, creating what has been called the "Chiang
    AFP  -  135 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      200 12 NOW lease an apartment at Ardmore Park and enjoy amenities w ex f k. 5C I Chip Putt golf course Floodlit Tennis courts and practice court Squash courts Swimming pool Sauna baths Gubhouse with billiards/recreation room r X ft Bedrooms Ardmore Park, in a splendid setting of greenery and tranquillity
      200 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Marine equipment
        72 13 SOUTH-EAST Asia continues to be important to suppliers of marine equipment all over the world. Asia Marine "79, to be held at the Hyatt Singapore between Feb 6-9, will highlight all the aspects particular to the maritime industry of the region. A conference will also be held with
        72 words
      • Article
        Magnetic tapes
        94 13 THE US Coast Guard recently signed a contract with Lloyd's Register of Shipping and Lloyd's of London Press for the supply of magnetic tapes containing data from the Register Book data base. This will be sent on a quarterly basis The details of over 60,000 merchant ships on
        94 words
      • Article
        Compromise with Zim
        107 13 THE US Federal Maritime Commission has reached a "compromise settlement agreement" with the Zim shipping group which will cost the Israeli company US$l million(Ss2.3 million) for alleged civil violations of US shipping laws. Zim Israel Navigation and the Zim American-Israeli Shipping Company had, according to the FMC,
        107 words
    • Article
      Image hurt by rampant smuggling
      541 13 SINGAPORE'S credibility as a maritime nation is being threatened by rampant ship-to-shore smuggling in foreign ports by the crews of ships flying the Republic's colours. Such clandestine activities not only tarnish the image of Singapore registered ships but also inflict heavy losses on shipowners. It
      541 words
    • Article
      Sea-land's orders keep yards busy
      161 13 FAR EAST shipyards have won a contract worth more thaa US$3OO miUicn(Ss6Go million) to build 13 containerships for Sea-Land, the shipping subsidiary of R.J. Reynolds Industries of the US. This is the biggest merchant ship order placed for some time and in spite of the
      161 words
    • Article
      INDEX
      469 13 Shlpoiag Pin CtL Aeonas In 2 ACS n 5 Afea IV 2 Alpac IV 5 APL v HI 2 Anhsing n 5 Arya Nat II 5 ASCL m 5 Angkutan m 4 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben Asia HI 3 Ben/EAC m 2 Ben
      469 words
    • Article, Illustration
      Ship shape again
      40 13 AMOCO Mags peer a 82,ltt dwt tanker left Bmmhawang Shipyard hie last ■■albs la a complete mala eaglae waiaal and repairs. Hwhawang task force weal la wmk an It la* ■MdlaMjjMipsi Its antral by antts «f Its
      40 words
    • Article
      New shipping agency
      252 13  -  RAHIM KASSIM A NEW shipping agency, tailor-made to suit the requirements of Hapag Lloyd, West Germany's largest shipping line, has been formed. It is currently seeking the approval of the Singapore Registry of Companies and is likely to assume full responsibility of Hapag Lloyd's affairs in Singapore
      252 words
    • Article
      SHIPPING LIST where your ships are due...and when
      4476 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the. Port of
      4,476 words
    • Article
      WHO ACTS FOR WHOM...
      341 17 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. HMt Line— Aconas Sdn. BM. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Ahl* Shipping— Sharjah. Alfred C. Toepfer GMBH— Intennodai. Algerian National Line (CNAN) —Unipacific. Alpac Line —Intrasea.
      341 words
    • Article
      The Consortia
      121 17 The major shipping consortium oper-* ating between the Far East/Europe; and Straits ports/Australia and the I member lines. ACS (PAR EAST/EUROPE): Franco Belgian Services. •K* Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO < STRAITS/A USTRALIA>: Australian National Line Australia/Straits Container Line Nedlloyd Lines
      121 words
    • Article
      Container Schedules
      1322 18 LCL Container* unpacked in Container Freight Station (PSA) between the period 6.10.78 at 1500 hrs to?7.10.78 at 1500 hrs. 1 Vessel KTTISAMUT Voy No. 20S/N Arrival Date: 1.10.78 Shipping THE BORNEO CO Stock Oodown: 49 Container > NYKU *****05 NYKU *****52 SSIU *****90 NYKU *****03 Vessel ALVA MAER8K
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    • Article
      French navy gets set for emergencies
      847 18 A HUGE blip on the French navy's radar screen on the island of Ushant shows a laden supertanker drifting out of control Just a few miles off the rocky Brittany coast. It looks like a repeat of last March's Amoco Cadiz pollution drama when
      847 words
    • Article
      Reynolds plans to stay ahead
      368 18 R.J.Reynolds Industries, Inc., yesterday announced a fleet modernisation and globe-circling shipping programme of approximately US$5BO million (Ssll-3 billion) to strengthen the leadership position of its subsidiary, Sea-Land Service, Inc. The two-year capital programme calls for the construction of 12 energyefficient, high-technology containerships to form the
      368 words
    • Article
      SHIPS IN PORT
      433 18 EXPECTED ARRIVALS TODAY PABB PAN JANG WHARVES Delima 109 0600 after Sing Yong 601—660 TB Gdns 301 Getah Kinabalu 1830 after May Breez 758—832 CB2 Gdns3o2 Sri Liku 1100 after in 685—736 CBI Gdns3o2 Falisa 2300 after Gulf Prosperity 1290—1365 CB7 Gdns3o3 Lautan Tiga 0700 after Eizan
      433 words
    • Article
      Lock icon Aussie meat freight hike
      293 18 Reuter THE Australian Meat Livestock Corp said it set a 3 per cent increase in the maximum base meat freight rate from Australia to the US West Coast in the 1979 shipping year beginning Dec. 1,1978. This is the same percentage increase the corporation set for
      Reuter  -  293 words
    • Article
      Korean line may be expelled
      329 18 KOREA Shipping Corporation could face expulsion from the Far Eastern Freight Conference, if another South Korean line, Cho Yang, proceeds with plans to start a non-confer-ence container service to the Far East, Lloyd's List said. Cho Yang is joining forces with the Taiwan-based Evergreen Line
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      348 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA ANDCANADA Agents Berber Lines Singapore Pte lit) Tel ***** Harrisons CrosfteM Kuala Lumpur Tefc MMI/I Pernes MISC Penang Tel ***** \K I) I\ I I AH m Orient Overseas CcwicJMeA Line rr 20/10 22/10 26/10 27/10 2/11 3/11 9/11 11/11 16/11 11/11 23/11 24/11
      348 words
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      Page 13 Advertisements Column 2
      267 13 iSI SEALORD UJ ANTAH H m UASC UNITED ARAB SHIPPING CO (SAG) J All vessels ***** DWT, 105 TON H.L. Derrick I 288 TEU Capacity, Long Length Capability. B S pore I Loading for T ■T}' Vessel •w port DutMi (22/10). omm (X/ 10). Kwt (1/11) Stwafta (5/11) I (11/11).
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      3 13 BKB PAGE VI
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      591 13 SEA uLAND WEEKLY SERVICE TO/FROM U.S.A. AND JAPAN RkSTERTOANTr/NEWSHPS CALL POM OCT AILS *****22 ORT For US PocMc.OMQ6MoMiCdnqEtiC*>ddr (Atso accepting to» FULLY COMTAMEMZEO FACT OIRECT WEEKLY Tawan japtnindKofNi va u/a IVU m/m z2/m a/a n/M a/it CT 3E u/ii a/u a/u a/u z/u vu a/u u/12 KM last Asm (Hmo«i
      591 words
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      712 14 ■Uiß JEHapag-Uoyd FULLY CONTMOSQ) TO EUROPE rpM rum wtai an it L—» ECIST" 11/10 13/10 1/11 3/11 4/11 («/U) 19/10 20/10 J/11 11/11 12/11 14/Jl 27/10 29/10 19/11 21/11 22/11 25/11 31/10 17/11 19/11 20/11 (25/11) 4/11 0/11 17/11 29/11 30/11 4/12 12/11 14/11 5/12 7/12 S/12 <12/12) EXPRESS CONVENTIONAL
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      369 14 fj™ prg s Tt US ATLANTIC US GULF ft EAST Uh o*2 fm Dk 7 lb* Dk II fee Dk 12 DK 7 Dk M Dk 1 •kM Dk 23 IK IS DK 25 »K 17 Mi/11 1213/11 11/11 14-19/11 12-11/" 1 14-15/ 14-17/ 14-15/ 12-13/12 14-IS/12 15-17/12 lt-li/12 11-11/12
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      485 14 73 SEA^tLAND U.SJL/ASM t /> VESSEL/VOYAGE wmi n uui m a Arum/Departs 7.00 PM "Wll If 10 XT 12/13 OCT 11 WORLD TIGER V 11...... OCT 19/20 OCT 18 WORLD LION V 11....... oct 26/27 oct 25 3 C.F.S. CLOSES 7 00 PM OCT 11 OCT 18 OCT 25 DRECT
      485 words
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      683 14 Everett Lines "BURMESE NATIONAL LINE" LOADING FOR RANGOON MM) tt/UN a/a on B.F.S.S.C. Agents m ttaiaysu TIPS MALAYSIA Port KeiM| Tel (38) 7355 Penang Tel. *****/***** WiMMiiii ImmmMm** S. A. C.I.F. "ARGENTINE NATIONAL LINE" LOAOMG FOR DURBAN. CAPETOWN. BUENOS AIRES TrmsfortacMN RAaritwit Mixicmi S. A. "MEXICAN NATIONAL LINE" V wun/nctitaaiiiMn
      683 words
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      Page 14 Advertisements Column 5
      556 14 o SANKYO LINE UN TWESTAR 15/11 OCT 14/14 OCT SVD. MEL. MB. 22/24 OCT 21/21 OCT SVD. MEL. MO. BANGLADESH SERVICE GENERAL AGENTS: CONIMCR BOOHMC LOW) AGENTS P HE LANG PENfWG 11/12 OCT 9/1 M NOV CUTTMOHB. CHALNA OCEAN SHPPMG 4 ENTEOPO6ES PTE LTD SMGAPOK TU StltK/? t *****70 K
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      578 15 OCL Overseas Containers Limited COW—W «wg TO «/CfIWT: n*m Le SMi Spore rum Oaart Iran tw) Mwrt Ul lltd U Oct lto lto Ife. Ik.) MOct UM aOrt tun 11 to L 7 to 14 to 7to a Btl MOrt 11 to 71 to 77 to Ski 17 to «on
      578 words
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      553 15 GRANARD LINE -U FAR EAST TO Tpm P.Mn ta| ■MMU« kM 12 M 14M RMrtVM M.WMUZ— MM MM UMMIIW- MM 17 M M.WHITMC lUM_ SM 27 M Ml OWNED VESSELS MMO SHPPMS MDUB (S) PTE LTD. Unit 135. cm Street TIL *****77 (5 bws) P KELANG: DtTS TRADMG SON BHD
      553 words
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      614 15 r i II ji jjrj BEN LINE CONTAINERS 11/ M IVM l/U U/M M/M Vll M/M a/a MAI n/M v/u 4/U V/ll 17/11 12/11 M/U V/U 11/11 7/U Wll N/U 27/n a/u ism vii (vii) a/a U/ll M/U 7/11 am ivu urn a/n avu) a/u a/u <vu> a/u VU (12/12)
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      569 15 Scan Dutch V i: i i .m u > 4^^ A'iin AMiiTiy.^^Ttyrr TO MED/UK/ VIA faato toa P MM Speee 1) Ma 2) Mm 3) *>| CM| WHatl UM SLNM 12/N 2VM Wll 1/11 VU BUM H/M MM a/M VU 1/11 Ml/11 12/U mmcau 21/11 m. mm n/M 12/11 11/11
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      Page 15 Advertisements Column 5
      392 15 GUTHRIE BOUSTEAD THE BANK LINE 111) LOMM FOILIi AFRKI <*m. u PI. trn ti/BM r»Ht u/»M r puhiU/mms» Si to ner ALSO ACCEPTMG SERVICE MECT FROM IMB. MOBLE. HOUSTON. GALVESTON. 00 FOR RAMKOK, MAMLA. TAINAN. HONGKONG FUSAN AND JAPAN PORTS. SIMGAPORF *****.: PT sFi AM", *****1 KUAI A I UVPUH
      392 words
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      732 16 E>gelV K line KAWASAKI KISEN KAISHA. LTD. rmOM EUROPE TO FA* BAST *1 Howe PMM| rport M Km( Osaka Tokyo wnon« faM ISN IS Oct U Oct 23 Oct 1 IKFItK COML K MPORT 27 Oct 290 d IMo 51b. CXVMJEI PAM IX 17Oct 3Me SMo OMo "5? acmansiu »oct
      732 words
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      Page 16 Advertisements Column 2
      778 16 ri'l'r ■ra I (KBRR IS SO) KM (IBS* sa> taPt/IROd 11/13 Oct 27/2R Oct 25/31 Oct 1/ I Nat VJ NM E.C./GREAT LAKES SERVICE CAMRRM/PACVIC NORTH WIST SOME LoaMv tar UB RNE&ES. SRN FBRNMCO. SATTU. TACOBA VANCONRBL Bi. 17/11 Oct 22/21 Oct 24/24 Oct '21 Nat Viam 7 Mm R/IRKat
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      685 16 ■MOL NEPTUNE ORIENT UNES LTD •FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONT IODMPC IJL mm P tata«StM Mm KM* Im rKa »*l •dISIM 2Hm 4Hm I ft* lk> 9Rm Od 7Rm Ikl 11 Mm UMpURm 15 HM Od UHm IS Rm 17 Hm Uhllln TX Rm 27 Od 3 Rm 11
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      Page 16 Advertisements Column 4
      549 16 UMt AMI*YSUU» HTfUMATIOMAI SHAPING CO**O*ATlON MWMO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTMENT/SC ANDMAVIA F«Mr f JMMI M S-fm 1) IMb 2) Mm 3) Kiwi Mk» BJDMM Uri I. HIT faM 17/11 22/10 24/11 2S/10 HMKOCI IM SUM U/ll 2VIO 30/11 1/11 VU BMW U/M Ml n/U VU VU IVU 12/11
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      Page 16 Advertisements Column 5
      453 16 INTRASEA (PTE) LTD n> MNrt SkMVMnlbnMB hftrt MM r«>Hla|lMv» MM lIN 22 Oct riM/ITkatt/* J SluaptM/MdMMn IMta ■MU (Ht) l* tM|| MM 23MK7 Kansai Line STRAITS/AUSTRALIA SERVICE Support P Mm| lute Ik FORTWO V. M 23 Od 20 Oct Brisbane/Sydney (PW) tit nuui -1 17 Od Rwmni, Durban P. E'bertt.
      453 words
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