The Business Times, 13 October 1978

Total Pages: 18
1 18 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, OCTOBER 13, 1978 50 CENTS
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  • BRIEFLY...
    • 56 1 A TEAM of Australian government officials will visit Asean countries next week to discuss the possibility of cheaper air fares between Asean and Australia. A spokesman in Canberra told newsmen that the visit to Singapore, Kuala Lumpur and Bangkok is part of the government plan to Introduce
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    • 79 1 Reuter TOKYO, Thurs. The World Bank signed a contract to borrow 30 billion yen from the Bank of Japan, the fourteenth loan by the bank to the World Bank. The outstanding balance of the World Bank borrowings, excluding the new loan, was 410.8 billion yen as
      Reuter  -  79 words
    • 70 1 Reuter. KUALA LUMPUR, Thurs. The Peninsular Malaysian consumer price Index rose 1.2 per cent to 164.6 In August compared with July and was 5.6 per cent above the August 1077 level, the statistic department said. The increase was due largely to a 1.0 per cent rise in
      Reuter.  -  70 words
    • 64 1 UPI. MANILA, Thurs. President Marcos announced today the expansion of the Philippines' overseas and domestic fleet, including the acquisition of US$3OO million (S$SO7 million) worth of oceangoing vessels. In his speech before the Chamber of Maritime Industries, he said funding for this massive shipbuying programme will come from
      UPI.  -  64 words
    • 65 1 KUALA LUMPUR, Thurs. A large export terminal will be set up In Port Klang to regulate timber exports from Malaysia. Expected to be ready next year, the terminal will be the second to be built by the Malaysian Timber Industry Board. The first, costing Mil.2 million, Is
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    • 52 1 UPI. TOKYO, Thurs. The Diet, Japan's Parliament, ratified today a government-sponsored U591.3 billion (893 billion) supplementary budget aimed at achieving the nation's 7 per cent economic growth rate this year. The Upper House passed the bill with a vote of 125-113. The Lower House approvwfthe bill last
      UPI.  -  52 words
    • 77 1 AP TOKYO, Thurs. The US dollar, which went as high as 189.00 yen at one point on Monday, sank to 184.50 yen In yesterday's trading before recovering to 185.55 yen at the close, the lowest close since Aug. 16. The closing figure was more than one yen
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    • 67 1 UPI NEW YORK, Thurs. Prices were mixed today in moderate trading of New York Stock Exchange issues. The Dow Jones Industrial average, up almost a point at the outset, was behind 1.29 points to 900.12 shortly before 1500 GMT. The blue chip indicator gained 9.79 points yesterday in
      UPI  -  67 words
  • Chief Price Changes
    • 157 1 Rises Guinness 790 25 Hume M 203 15 Kuchai Batu Liatanf OCBC Straits Trading M Baakiac OUB Sin Chew Wearnes K LKeponf Duff Dev Pan Electric Fiber Merlin DBS High A Low 145 200 810 590 530 392 364 364 221 180 171 no 454 352 15
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    • 101 1 Rites OCBC 8.95 M Banking 5.40 Rahman Hy 5.55 Supreme Corp 2 .22 Prima 2.80 C and C Blntang 3.18 C Sugars 3.32 UOBank 3.86 Conavlaat WrU 4.24 KL Kepong 2.24 Oentlng 3.58 +20 +15 15 +.10 +09 +08 +08 +08 +08 .06 .06 FalkS Glenealy Tractors
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  • 716 1  -  WAY ABOVE ITC CEILING By JOHN TAN CONTINUED uncertainty in the international tin market yesterday drove buyers to bid at record prices yesterday. Straits tin was traded in Penang at the astronomical price of MS 1,952 a plcul. This Is $252 higher than the
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  • 156 1 FROM January 1 next year, only companies with "reasonable" local equity and a minimum of 30 per cent bumlputra shareholding or ownership can bid on behalf of foreign principals for tenders invited by Malaysian government departments and statutory bodies. A directive will be issued to all
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  • 508 1  -  •y SIVA ARASU THE SINGAPORE Government will answer U8 queries on subsidies to local textile and garment manufacturers by the end of this month. The Trade Department, which received the fourpage questionnaire last week, has to answer about 30 questions addressed essentially to the
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  • 185 1 TOKAI Bank of Japan has got the nod from the government to set up an offshore branch In Singapore. The entry of Tokal the sixth largest Japanese commercial bank will bring the total number of banks with branches here to 80. Of this total. 13 are local
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  • 297 1 AT LEAST 48 people are reported to have died and another 101 injured yesterday in Singapore's worst shipyard disaster. They were working on the Greek tanker Spyros at the Jurong Shipyard when an explosion, followed by fire, ripped through the ship's engine and
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  • 522 1  -  ■y COLIN CHEE A HIKE In road tax on private cars Is imminent and. along with this, Import duties on cars will also be raised. Little Is known about the nature of increase In Import duties, but sources say
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  • 84 1 CHASE Manhattan National Bank, the third largest US commercial bank, yesterday raised the prime rate to 10 per cent, the first time the rate has reached that level in more than three years. The prime is the basic rate banks charge their best customers for lo&ns.
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  • Page 1 Advertisements
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    • 60 1 mm SHIPPING TIMES BHADOW of protoctioiiaai fubum on inaoaMi Calk timber industry 2 Ma Dmdak PEOPLE la buainaaa S BOND daakra ta a fix FORUM cm Indonoaia with OPEN attfoido towards diaTOPIC that ia AUSSIE faro plan fliaa turiwhat waalhar MEMOPAD t. CROSSWOBDS I. AIRCRAFT SCHEDULE I. TV RADIO t,
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  • TRADE AND INDUSTRY
    • 193 2 A MOBILE bed designed by the New Sooth Wales HaopttaJs Planning Advisory Centre will simplify the narslng sf patients la hospital. The Hssplaa bed system, as It Is called, was developed by the advisory centre's research architect, Mr Ran Forster,wtth the assistance st a narse
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    • 400 2 AFP TAIWANESE enterprises are planning to enter into joint ventures with firms in South-east Asian countries to secure regular sources of raw materials, it was learned in Taipei. At present, Asean has already become the fourth biggest trading partner of Taiwan, next only to the
      AFP  -  400 words
    • 129 2 Reuter. THE Thai government has decided to lift the ban on the export of high quality teak which is equivalent to second grade European wood, Commerce Ministry officials said A total of 66 wood exporting firms would be allowed to export teak boards, planks and deckings
      Reuter.  -  129 words
    • 471 2  -  By RONNIE LIM SINGAPORE'S timber industry which last year sustained the momentum gained after the 1976 recovery ,appears to be again heading into more sombre times. The industry's cautious mood reflects external circumstances including trade protectionism practised by some developed countries. Another
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    • 181 2 A GROUP of 150 members of The Indian Small Scale Chemical Manufacturers' Association, India, will arrive in Singapore in January to attend an international trade exhibition. The exhibition, ChemAsia, the first international chemical and process engineering and contracting show, will be held at the
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    • 127 2 SEVERAL leading Manila stockbrokers are forecasting a boom in Philippine mining issues baaed on technical factors which have emerged over the past few weeks. Copper prices had steadily increased and there is now a very active mining market which could produce a boom in mining issues
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    • 411 2 THE Malaysian Fisheries Development Authority (Majuikan), in its attempt to stabilise domestic fish supply and prices, has recommended to the government that the export of fish and other marine products be curbed and their imports stepped up. The recommendation is contained in one of the
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    • 230 2 Reuter. PENINSULAR Malaysian crude palm oil production rose to 148,186 tonnes in July from 117,681 tonnes in June and 119,297 tonnes in July 1977, preliminary Statistics Department figures show. this brings output in the first seven months of 1978 to 759,424 tonnes, against
      Reuter.  -  230 words
    • 99 2 THE Council for Energy Studies will organise a conference on Energy and South-east Asia at the Shangri-la Hotel from Dec 4 6. The fee is $550. The Council for Energy Studies is a non-profit organisation with its base in Tulsa, Oklahoma. It organises and conducts meetings and symposia
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    • 298 2 FOREIGN toy manufacturers should seriously consider setting up manufacturing plants in Singapore as the Republic has much to offer them. Making the call yesterday was the director of the Department of Trade, Mr Ridzwan Dzaflr, at the opening of the first international
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    • 410 2 COURSES AND TALKS Oct 6-28: The effective executive, SIM, SIM Oct 10-13: Network analysis, SIM, SIM Oct 12-13: Essential management skills, Hilton, Consulssia Oct 19-20: The effective sale office, Hilton, Consulasia Oct 17-31: Employee training and development, Holiday Inn, P.O.D. Oct 19-20: Finance for nonfinancial managers, Ming Court,
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    • 278 3 THE Executive Committee of the Association of Natural Rubber Producing Countries (ANRPC) will meet in Kuala Lumpur next week to adopt the association's final draft of the proposed agree* ment on rubber price stabilisation for presentation at the Unctad negotiating conference on rubber later
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    • 156 3 PICA International in Hongkong has acquired a 30 per cent stake in Australian Biotechnological Holdings. The firm produces ordinary debittered yeast and has completed the development of a single protein process. Pica is also a 50 per cent shareholder of a new Hongkong
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    • 305 3 THE University of Queensland has a new course aimed at tackling malnutrition in South-east Asia. It will be open to postgraduate students from Thailand The Philippines, Malaysia, Singapore, Indonesia and Australia and funded by the Asean-Austra-lia Economic Co-operation Program through the Asean sub-committee on protein.
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    • 187 3 CHINA, the world's largest rice producer was invited to join the World Food Council, the Rome-based council's president said. Mr Arturo Tanco Jr., the Philippines Agriculture Minister, also said he has asked the Peking government to host next year's meeting of the International Rice Research Institute
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    • 211 3 CHINA'S autumn Kwangchow trade fair opening on Sunday may be the largest ever in terms of value as the declining US dollar is sending prices higher there. According to the Association for the Promotion of International Trade in Japan, Chinese export deals
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    • 462 3  -  By COLIN CHEE LOCAL companies are becoming more open in their disclosures, although there are still signs that some continue to reveal as little of their accounts as they can. This is the view expressed by the chairman of the working committee for the 1978
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    • 169 3 THE Industrial Training Board (ITB) has taken over the administration of the Singapore Indian Chamber of Commerce (SICC) Scholarship Fund. At a ceremony yesterday, the SICC president Mr. J. M. Jumabhoy, officially handed over the administration of the Fund to Mr. Yap Yoon
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    • 35 3 A 12-LECTURE course on industrial economics conducted by the University of Singapore's extramural studies department will begin on Oct. 23. The course hopes to explain the economic rationale behind industrial practices and policies.
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    • 61 3 CENTURY Park Sheraton has appointed Mr.CharlM Fm to the post of purchasing manager and Mr.Tereaee Tmy to beverage manager. Mr Foo has had several years experience in the industry while Mr. Tay has 11 years experience in the hotel business. Coates Brothers (Singapore) Pte Ltd announces the
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    • 137 3 THE queues for application forms of companies on public offer afo starting up all over again. Yesterday, when Overseas Union Securities (OUS), the closed-end Investment trtist subsidiary of the Overseas Union Bank group, was offered to the public, the queues started as early as 8.30
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    • 167 3 UPI A CHINESE Civil Aviation Administration Trident Jet landed at Hongkong's Kai Tak International Airport from Canton on Thursday, marking the first air link between the two cities in 30 years. The 158-km charter (light was filled with officials of the China Travel Service, the
      UPI  -  167 words
  • Page 2 Advertisements
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  • Page 2 Miscellaneous
    • 650 2 L TWO-IH-CRYPTIC PUZZLE ACROSS 1 He can manufacture for most markets (5) 6 Not hard currency (5) 9 If cruel, may be a devil (7) 10 One-legged bird? (5) 11 Just the chap to purr a bit and lay about? (5) 12 It's slow to voyage round the Pole (5)
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  • Page 3 Advertisements
    • 237 3 Now, a comprehensive ife-cum-home protection plan 4k B I r M ftfk. The Overseas Assurance Happy Homeowners Protection Plan for happy homeowners. Now for only 33 cents daily, you get an insurance cover of up to $121,000 in total compensation. For you and your home. The Overseas Assurance Happy Homeowners
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  • RAW MATERIALS
    • 405 4 THE SINGAPORE rubber market yesterday closed easier with November One RSS buyer quoted at 256.00 cents per kilo, down three cents on Wednesday's close, dealers said. Prices eased 1.50 cents during the morning on long liquidation and upcountry selling, they said. The afternoon market, after a
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    • 329 4 Prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f o b. 253.00 254.00N Int. 1 R.S.S. Nov 258.00 258.50 Int. 1 R.S.S Dec 362.00 262.50 Int. 2 R.S.S 247.00 248.00N UK/Coot. 246.00 247.004 Int. 3 R.S.S. 244.00 245.00N UK/Coot 243.00 244.00N
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    • 90 4 NO©N SSR and SMR prices yesterday: n (Carnal Nth) u (Fto Bav £art*Mth) SSR20 SSR SO (l-too pallet) (1-too pallet) (ceal 234.00 232.00 t per kg) 235 OOS 233.00N "•J (eei 236.50 234.50 ■toper kg) 237.50S 235 50N MRELB SMR5CV SMR5L SMR 5 SMR 10 SMR 20
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    • 29 4 Rubber: Oct 12 Singapore: Novemb«r:2s6.oo cents (down 3.00 cents) Malaysia November: 261.25.00 (down 3.25 cents) Tin: M$ 1,952 (up $22) Official offering: 238 tonnes (up 45 tonnes)
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    • 293 4 QUIET but steady trading prevailed on the Singapore produce market yesterday. Pepper prices maintained their levels with good overseas buying interest. There were Just enough stocks to meet the demand and so there was no oversupply position to endanger pepper prices. In fact, some dealers expect the market
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    • 292 4 ROBUSTA futures ended yesterday's opening call about steady £6 to £17 per tonne up in sales of 325 lots. Trade and commission house buying featured early dealings- but dealers said gains were largely as expected and in line with the New York close. Arabica futures opened dull tradeless and
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    • 325 4 TERMINAL cocoa in London yesterday opened unchanged to £11 per tonne higher in a turnover totalling 397 lots. The market was initially marked lower reflecting Wednesday's New York close, but by end-call trade buying prompted a rally. However, with no fresh news, the overall tone was rather hesitant after
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    • 71 4 C.I.F. North European ports, tn US dollars per ton unless otherwise stated. LONDON: Malaysian 5%ffa bulk per tonne Wednesday Previous December flOOalr 615alr Sumatra 5* ffa bulk October 63Spd 637'i/642'ipd November 5815/ December 617 620/822 ipd 807 '1 /OlOpd 010/612 1 1 pd January unch 605pd Feb/March 50Spd
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    • 207 4 RAW SUGAR futures in London yesterday opened £0.15 to £0.35 per tonne down from Wednesday's closing levels. Turnover totalled 680 lots. The market opened steady with well-matched trade-house interest (or both sides but dealers said there was no fresh news. The London daily raws price was down £1 on
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    • 185 4 BANGKOK rice prices were quoted as follows yesterday: (la US dollars per torn* F O B. basis Bangkok) WMte itoe: 100 pet lat daas 402. 100 pet ted ciaai 307, 100 pet 3rd claw 382, 5 pet 377, 19 pet S3. 15 pet 347. 10 pet 342. 25 pet
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    • 176 4 THE Straits tin price in Penang yesterday rose a further Ms 22 per picul to a new high of $1,962. Despite a slight increase in tiv supplies from miners, sentiment continued firmer following the strength in London on Wednesday, which prompted strong buying support from Japan, the US
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    • 177 4 SUGAR futures yesterday recovered from the ealier losses and closed little changed from Wednesday's close in quiet trading, with 16 lots traded against 17 on Wednesday, dealers said. The market opened 0.05 to 0.10 US cents lower and dealers attributed this to a minor correction to its recent
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    • 51 4 ZINC finished yesterday morning up mostly £3 per tonne in London. This metal also picked up from Wednesday's lower levels on modest short-covering and fresh buying support which took Three Months upto £378 on the pre- market. Profit-taking in the ring shaded prices. Turnover of 7060 tonnes was mainly
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    • 82 4 WHEAT futures in Chicago on Wednesday closed IVi US cents to one cent a bushel lower after commercial buying pared earlier losses. The July contract closed 1/4 cAt higher. Prices fell in morning trade on professional and commission-house liquida-' tion and little buying interest. Corn futures were lifted near
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    • 88 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from' Oct 12 until further notice: Rabfeer: 275'* cents a kilo; Copra: M J1,060 29 a tonne; Pal* kernel: $955.75 a tonne; White pepper: $4,805.30 a tonne; Blaek pepper: $3,104.71 a tonne; Rabber: 64 cents a
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    • 129 4 CHICAGO soybean oil futures closed mixed, off 0.02 to 0.25 cents a pound to up 0.05 to 0.02 cents on Wednesday. Meal futures ended mostly lower with losses of <1.20 to $0.10 a ton.Only two deferred contracts kept small gains. Traders said commission house and local buying was .responsible
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    • 203 4 WIREBARS finished on Wednesday down mostly £6 per tonne in Loodon. The afternoon market was steady but quiet with moderate covet lug, holding Three Months around the £780 per tonne level in the ring. Late covering on the kerb took the position to £783 briefly before profit- taking developed
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    • 102 4 THE HONGKONG silver futures market yesterday closed HK$3 higher at HK9274.00 per 10 ounces in continued quiet and featureless trading, dealers said. The day's fixing price was 14 higher at $272.00. In LONDON, silver closed with gains of mostly 1.2 pence. Fresh buying prompted by the strength in gold
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    • 416 4 THE KILOBAR in Singapore yesterday opened at S$M,OB5 and closed at 116,087 after trading in a high-low range of $16 £56/o*4. Market activity was light. Spot gold for London delivery opened at U*****.00/40 and closed lower at USSBKJO/10 after trading between 227.30/70 and 2X.55/85. The morning was nervous but
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    • 54 4 LEAD rose by £6.75 for cash and £4.5 for Three-Months. The market recouped some of the losses incurred Wednesday from heavy profit-taking with dealers reporting fresh buying inter- est. Three Months traded upto £418 in the ring where a good two- way business emerged. The backwardation traded around £14.
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    • MONEY AND EXCHANGE$
      • 531 4 HEAVY selling by Far East bankers in particular brought the US dollar to a record low against the local dollar yesterday. The US dollar also suffered against other major currencies. Dealers said that President Carter's failure to come out with the proposed US anti-inflation programme did not help
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      • 206 4 Asian rates OCBC exchange rate index THE OCBC trade-weighted index fer the 8ig»psre dtUir yesterday fell US per eent te 1MJ9. The Index to calealated against the currencies «f Singapore's top 12 trading partners. ASIAN currency deposit Interbank rates as at close on Oct 12: U8 Dollars!Spot) Offer Bm 7<Uys
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      • 30 4 Oct IS: CM Bayii 3 month Treasury bill* 39/H u H 8*tU>i 1 37/11 Smooth Bank Mils «v. «H 3 month CD 74 7 Source: National Discount Co Ltd.
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      • 22 4 THE ivtrt|e rale il which Singapore banks are currently prepared to lend to their beet customer* Js 7.2S per cent. j
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      • 292 4 STERLING yesterday scored a small gain against the dollar, going over the US$2 level momentarily before edging back, as the deutschemark and Swiss franc went higher on dollar selling in early trading, dealers said. The British currency opened lower against the dollar, at 1.9910/20 compared with 1.9920/28 overnight, but
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      • 254 4 THE US dollar for overnight delivery yesterday closed at 185.55 yen, up from a 185.30 opening but sharply down from 187.00 at Wednesday's close, after falling briefly to 184.50 yen in early trading, dealers said. The US currency recovered moderately in light late trading on profit taking by foreign
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      • 291 4 THE dollar closed significantly weaker from opening levels after coming under strong selling pressure throughout the session on Tuesday, dealers said. They said trading was fairly active, particularly in the morning, with the US unit generally offered both here and in Europe. The dollar again was weakest against
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      • 39 4 ZURICH exchanges closing quotes on Oct 11: USLM»M» Stf *****-07W CMiJUMnt D Mk CCSI-504 DFITtICMtS r ft M.un-im B FY 5 2HO-HU D Kr S.7IM-7H3 N Kr 31.QC72-LM SKrUfiMRI 111 ll— IWI Amackmmmi PtnlOMl Spate 11W-IKI ArilM TaiHMBI
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  • Page 4 Advertisements
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  • OVERSEAS
    • 275 5 Reuter THE EEC'S miftiry committee made ae pwpwi la ntvtag Moplex (eeWeil iMklcai Mrnutfig the Einpeu MtMtary Oysfajt it tli tm iay niswmfo meettef, MMwi murtt* nU. Dlsagreemeata ever Km exact rale e( the fawpw earreaey basket m aa eariy winriag lailratar tMUe the EMS parity grid
      Reuter  -  275 words
    • 773 5 PRESIDENT Carter's threat to veto a big tax-cut Bill notwithstanding, the odds are that he will accept practically any tax legislation that the House and Senate conferees hand him. That, at least, is the consensus of tax analysts, both inside and outside the Federal
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    • 228 5 Reuter CONGRESSIONAL negotiators approved President Carter's energy tax plan on Wednesday, clearing President Carter's long-stalled programme to curb foreign oil imports. But, as expected, the heart of Mr Carter's original plan billions of dollars in taxes oq US crude to raise controlled oil prices to world levels
      Reuter  -  228 words
    • WORLD IN BRIEF
      • 587 5 Agencies. THE unveiling of President Carter's latest anti-inflation effort has been postponed because he has to concentrate on the crush of business in Congress, administration officials said Officials had hoped to announce what Mr Carter has promised will be a tough new initiative early next week. But
        Agencies.  -  587 words
    • 938 5 A RISE in US Federal funds of between 100 and 300 basis points from the present level of around 8V« per cent will be needed to slow tbe American economy and curb inflation, money market analysts said. Many analysts, in estimating
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    • 517 5 Reuter. BRITISH trades union leaders will propose the government should widen and toughen direct price controls as a way of restraining unreasonable wage claims and curbing inflation, authoritative union sources said. To replace the 5 per cent norm announced by the government for
      Reuter.  -  517 words
    • 237 5 SADDLED with huge supplies of wheat and corn, the United States gave the Soviet Union approval on Wednesday to step up grain purchases in the coming year if it wants to. Assistant Agriculture Secretary Dale Hathaway said that Russia was informed that it could buy
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    • 261 5 Reuter THE BELGIAN National Bank said it will raise its rate for normal advances, the Lombard rate, to 8.5 per cent from 6 per cent effective yesterday, but bank rate is unchanged at 6 per cent. The National Bank said in a statement its measures are designed
      Reuter  -  261 words
    • 112 5 A MEETING of traditional aboriginal landowners in Australia's Northern Territory has called on their representative body, the Northern Land Council (NLC), to renegotiate the Ranger uranium agreement. The meeting of the Oenpelli group, the aborigines living nearest to the Ranger site at Jabiru, passed a resolution
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    • 91 5 AFP LLOYDS of London has announced a one-third increase in membership fees as a result of inflation and other factors. Foreign members must now pay a,000(*****,000) instead of ,000 and British members pay £100,000 instead of the previous £75,000. In practice only a small proportion of these
      AFP  -  91 words
    • 695 5 ARRIVALS Service Local Operator Number Tine Prom RBA BQ23 1025 BWN GIA GAM) 1030 HLP SLA SQ911 1035 SFO/HNL/GUM SIA S^103 10C KUL S1A SQ209 1015 HLP MAS MH605 1045 KUL GIA GA944 1055 PKU GIA GA908 1100 MES PAL PR501 1125 MNL GIA GA982 1200 HLP
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  • 368 6 BEING increasingly prosperous is the dream for all pmArging countries, but affluence also carries a heavy price. Unpopularity. Increasingly, friends and competitors ask themselves if this prosperity is being achieved at their cost. Whether one country's fortune is another's woe. When they get beyond asking
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  • 252 6 THOSE who read with wry amusement Japan's professed concern over the danger of protectionism in the 1960s will not be few in number. It looks as if the Japanese already anticipate a happy conclusion to the Dec 15 multilateral trade negotiations since this year and
    252 words
  • 1417 6  -  By SIVA ARASU WEST Germany and Singapore have long been friends. Official relations began as long as 25 years ago. But it was only at the turn of this decade, with the coming of Rollei and Siemens, that economic relations between the two
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  • Page 6 Advertisements
    • 242 6 TFRHTFTfiI 4 I Delicious food at its most alorious awaits vou at Hotel Royal-RAMAM Nawton Road. Singapore 11. Rapubtic of Singapore TftlAnhnnA *\IAA 1 1 Talaw DC OlCii uATn TtP*"|j Delicious food at its most glorious awaits you at fcjliantirlrrr A bounty of beautiful food jA.iits \ou at Chant it
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  • Page 6 Miscellaneous
    • 65 6 IWEATiHERI OUTLOOK for Singapore from 6 a.m. to noon today: Scattered showers in the early morning. Report for 24 hours prior to 7Jt p.m. m Oct 12 at the airport. Maximum Temperature 31.9 C Associated Humidity 62 Minimum Temperature 22.9 C Associated Humidity 94 Hours of sunshine 4.95 Rainfall in
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    • 173 6 SINGAPORE 5 PM Opening announcements followed by Challenge of Love(Mandarin)* Intermission Opening announcements followed by December Bride News in Brief* It's* about Time* Persembahan Ku(repeat) News and Newsreel in Malay* Sports Parade Magazine Zero One* The Undersea World of Jacques Cousteau (repeat)* News in English* Cultural Diary* World Premiere Feature
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  • 643 7  -  By JOHN WORRALL FT. KENYA lives by terming, bat is short of water sad short of laad. Only aboat 14 per cent of the whole eoaatry is suitable for mixed terming. That area eoald be mach greater if there is water la
    FT.  -  643 words
  • 914 7  -  With rising US interest rates bond dealers in Singapore and elsewhere are finding it increasingly difficult to fund their portfolios on a profitable basis. COLIN CHEE examines the problems. COLIN CHEE FIXED rate bonds and some floating rate notes in the Asian dollar market
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  • 495 7 AT LAST. A sport after my own heart. A campaign to revive the old and precious art of sauntering is gathering momentum in Michigan practitioners of this ancient past-time, undaunted by the ou break of the physical fitness fever that is sweeping the country, claim to
    495 words
  • 921 7  -  iroßOMffeiM m ...on Indonesia By JOHN DRYSDALE John Drysdale is a director of Asia Research fte Ltd. < THE PREMATURE announcement this week by the Opec president, Sheikh All Khalifa Al-Sabah, about a 10 per cent increase in oil prices at the turn of the
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  • Page 7 Advertisements
    • 295 7 1 kl i i wS'i n HOTEL MALAYSIA IIIM I m New Fnrnsjnfm ownino^ New Japanese Restaurant KIKU^I serving authentic Japanese food Tqpan Yakki *lemfxjra Shashimi *Sukivaki s >halxiShabu KIKU JAPANESE RESTAURANT ORCHID INN Tel *****2 214 Dunearn Road. Singapore 11 Enchanted ewni ngs in fine European tradition. J All
      295 words
    • 75 7 ORCHID INN V V 214 Dunearn Road. Singapore II Tel: *****2 B HOTtL PHOtNIX SINGAPORt Orchard/Somerset Roads. Singapore 9 Tel: *****6 PENINSULA HOTtL Coleman Street. Singapore 6 •Tel: *****1 RAH-LbS HOTtL 1-3 Beach Road. Singapore 7 Tel: *****1,34«M4 SHANGRI-LA HOTtL 22 Orange Grove Road. Singapore 10 lei *****4 SINGAPURA FORUM
      75 words
  • Page 7 Miscellaneous
    • 62 7 reader, ts Stated by Prank. f FocC OTred Pxjnbcw Ql\er*,the. v\a*ed orr\>*hotogiSf, oo< featha<ed friends /ft«! possess, ve/y v.ttle. bram. Cary -this be tfoe. p^vv Let" us 9oUo*> "Vov*stv bred creQtore lbs daiiv search for basic occcessihes oP WF«6oiu&£ Room r &w-^ > S /^pSn^TvP) SHI 0)' CHeSlfe£-ffeBß"y fhOL A
      62 words

  • INTERNATIONAL STOCKS MARKETS
    • 569 8 EUROPEAN MARKETS AMSTERDAM share prices weakened over a broad front on Wednesday, following the lower dollar Dealers said Unilever and Roy^l-Dutch. 1.80 and 1.60 guilders lower led losses among Dutch Internationals Elsewhere, weak shares Inclined HVA. KLM. Algertiene Bank /Jederland and Deli, five 4 10. {Ive and 2.30
      569 words
    • 213 8 oct n Fls AHN 368.00 -5 Aliold 117.00 -1.3 Ak/j> 3140 -0 6 1MV\ 88 20 -1.5 Mil la s Ill 00 -1.5 Aiiirm Kmk 76 50 -14 63 00 -1 Mrtk 90 00 -1.5 H«l-> 74 80 0 8 HofMrttilJ ***** 0 4 Uiirlimann 73 30 -0.3 Kvrnkorf
      213 words
    • 92 8 OCT II Frs FORWARD MARKET Aree 449 Arbed 2420 -25 Astur 800 20 Bruscun 468 -12 Bru-Lanib 1590 -10 Cun par 648 -4 Click 459 ♦5 De Beers 215 2 Ebes 2320 unch Elertrobel 6800 -20 Gh-Inno-Bm 2485 15 G«'v 1420 -16 Hobok 2865 15 Petro 3610 -35 Ryl
      92 words
    • 236 8 (XT II Dm Aef-Telefunken 86 80 -0.2 Akzo 28 70 -0.5 Allz Lehen Allz Vers 520 +2 BASF 143 +0 6 Bay HT Wbank 312 50 +8 5 Bay Vhank 354 50 Bayer 144 20 +0.2 BBC 315 -1 BMW 225 -2 Cassella 418 +7 Chem Verw 282 Commerzbank
      236 words
    • 274 8 OCT II Frs CORBEILLE Alr-Liqulde 379 unch B S N Gervals Danone 640 425 CSFIThomsonCsf) 414 -4 Cie Francalse des Petroles 142 -2.7 Compagnie Financiere Compagnie Generate 418 unch Credit Foncler De France 408 +0.2 Hachette (Llbrairle) 272 4-4 Machines Bull 56 40 -1.1 Mlchelln(B) 1449 +40 Paribas 213
      274 words
    • 99 8 OCT II Lire Anlc 76 1 Assoc Gen ***** 300 Bastogi 646 Centrale 5455 -34 Fiat 2970 13 Finsider 180 +0 25 Oen Immob 84 25 ♦0 25 IFI Pri 2890 •11 Italrementl ***** -90 Italgas 787 +5 Italsider 373 S Magneti M Pf 525 ■A Marelll Ere 320
      99 words
    • 181 8 OCT 11 Francs Actions Sulsses Alusulsse Br Alusulsse Reg Brown Bovert Br. Clba Gelgy Br ClbaGelgy PC Clba Gelgy Reg Credit Suisse Br Credit Suisse Reg Elektrowatt Br. George Fischer Br Globus Pc Hero Br Hoffman-La Rochel/10 Holderbank Br Interfood Br Jelmoll Br Motor-Columbus Nestle Br Nestle Reg Oerllkon'
      181 words
    • 354 8 THE MARKET recovered from a mid-day decline to close slightly higher on Wednesday. The composite Index rose three points and advances led declines 234 to 203. Brascan A was the most active industrial, up 3/8 to 17-5/8 on 113.613 shares. Alcan, which gained sharply on Tuesday, added another 1/8
      354 words
    • 268 8 (XT II Rand INDUSTRIALS A Alpha 130 Abercom 196 -8 AE And CI 330 unch A MIC 1050 unch Barlows 425 +5 Cg Sugar CNA 555 10 210B Currle Finance 88 1 De Be«rs Ind 1275 +25 Edcon 300B Edgars 3600 Eveready Fed Voile 190 unch Fuglt Gardlan 221
      268 words
    • 606 8 TOKYO Source: DBS-Daiwa EXPORT-RELATED Issues declined sharply following news that the yen rate against the dollar appreciated again. Forerunning Issues such as pharmaceutical, medium-slied steel and food Issues also retreated. However, mediumsized chemical, government-expenditure-related issues and retailing Issues were selectively bought. In the morning session, forerunning pharmaceutical
      Source: DBS-Daiwa  -  606 words
    • 405 8 Source: SHK Sec SOME good size local buying orders In this thin market yesterday found It short of stock and prices leapt In early trading. There seemed to be renewed confidence following the governor's speech on Wednesday night and comments from the British rorelgn secretary that an "agreement" had
      Source: SHK Sec  -  405 words
    • 486 8 SELECTED mining stocks performed well In more active trading yesterday, aided by higher London metal prices, dealers said. The record gold price pushed Central Norseman up 70 cents to A 513.90. Renlson gained 25 cents to $11.10 on the tin price rise and Consolidated Oold Fields five cents to
      486 words
    • 1486 8 October 11 CHICAGO Board Options Exchange volume shriveled to 97,934 contracts on Wednesday from 139,103. 1 OPTIONS OCT JAN APL STOCK DUney 30 UNTRD NOL NOL 431/8 Disney 35 77/B S1/2 UNTRD 431/8 DUney 40 31/4 41/2 UNTRD 431/8 Dtsney 45 3/8 1 13/18 UNTRD 431/8 Dupont
      1,486 words
    • 107 8 OCT 12 Peso$ Acoje Mining .0115 unch Atlas Con. A At las Con B 22 80 -0 5 Baguio Gold 015 unch BenguetCon B 41 00 unch BP Goodrich 28 75 +0.75 CDCP 28.00 -1.25 Inco B Ijndoil 0185 -0 000': Lepanto B .2950 unch MannduqueB 7 60 +0.1
      107 words
    • 70 8 FINANCIAL TIMES INDUSTRIALS Wednesday 504.2 Tuesday 509.3 Week Ago 503 5 DOW JONES AVERAGE INDUSTRIALS Wednesday 901.42 Tuesday 891.63 Week Ago 895.79 LONDON DOLLAR PREMIUM Wednesday 80 "> to 81 Tuesday to 80 H.K. HANG SENG Thursday 638 65 Wednesday 618 46 Week Ago 700 39 SYDNEY INDUSTRIALS
      70 words
    • 1178 8 NEW YORK GLAMOURS and blue chips again scored sharp gains on Wednesday as a handful of bullish earnings reports pushed stock prices higher in slow holiday trading. Analysts said the market remained technically strong and all It needed was the push of some favourable third quarter earnings to
      1,178 words
  • Page 8 Advertisements
    • 195 8 On TELEVISION Now the BBC's longest and costliest TV dramatisation of a single novel Leo Tolstoy's War and Peace. Now available in a beauti- r&t Penguin gift pack. Professor John Kenneth Galbraith presents his views on economics in The Age of Uncertainty. His renown books in Penguins include The A
      195 words

  • INTERNATIONAL COMPANY NEWS
    • 193 9 CONTROL Data Corporation said continued heavy volume in its computer business boosted its third quarter profit to US24.lmillion, or $1.39 a share, from $18.2 million, or $1.06 a share, in the year-earlier period. Revenue from computer operations were $479 million, up from $373 million a
      193 words
    • 771 9 N.AMERICAN J Reuter EASTMAN Kodak company said its third quarter profit and sales climbed to new highs, reflecting continued strong customer demand for its products. Mr. Walter Fallon, chairman, and Mr. Colby Chandler, president, in a Joint announcement said Kodak's profit was U*****.1
      Reuter  -  771 words
    • 166 9 PekoWallsend denies bid for BH South Reuter PEKO-WALLSEND Ltd chief executive, Mr.Don Stewart, has denied any knowledge of a proposed Peko bid for BH South Ltd. He was asked to comment on a report in the national dally newspaper, The Australian, that Peko planned to bid for BH South. Mr.
      Reuter  -  166 words
    • 421 9 EUROPEAN A MATRA, the French missile and engineering group, is preparing to launch itself into the integrated circuits market by concluding a deal with Harris Data Communications of the US. It is seeking public approval to set up a joint venture
      421 words
    • 308 9 CREDITANST ALTB a n kverein (CA), Austria's number one bank is to raise Sch 1 billion by issuing a threetier bond loan. Two branches of the bond issue are earmarked for purchase under fiscal privileges. The so-called "A" tranche has a life of 15 years and is
      308 words
    • 128 9 ELKEM-SPIGERVERKET, the Norwegian metals, manufacturing and engineering concern, increased its group profits, turnover and experts in the first eight months of 1978! Net group pre-tax profits reached NKr 8 million in the period January to August 1978, after ordinary depreciation of NKr 102 million. This compares with NKr
      128 words
    • 280 9 FT THE STATE- owned Dutch chemicals group, DSM, plans to cut its workforce by 2,000 over the next five years due to the recession in the industry. This will mean a 15 per cent reduction in the company's 13,000 employees in the Umburg area of south-
      FT  -  280 words
    • 164 9 Reuter THE Reynolds Metals Company reported a record third quarter profit of U5546.6 million, or $2.44 a share, compared with a profit of $19 million, or 97 cents a year ago. The company said third quarter results included foreign currency translation and exchange gains
      Reuter  -  164 words
    • 41 9 BANK of New York Co Inc said directors increased the quarterly dividend to 61 US cents from 58 cents and declared an extra- dividend of nine cents a share, both payable Nov 3, on record Oct 20.
      41 words
    • 310 9 W ASIAN i Reuter THE CHIEF executive of Hutchison Whampoa Ltd., Mr.W.R.A. Wyllie said he is confident the group will produce attributable recurring profit comfortably in excess of the 1977 results. The company has earlier reported group net profit of HK$B9.l million for the first six months
      Reuter  -  310 words
    • 307 9 c A FK! l' FT REMBRANDT GROUP, which is bidding for the outstanding 42 per cent holding in Oudemeester, its domestic liquor interest, has arranged a R4O million unsecured debenture issue. It will be Jointly handled by Sen bank and Volkskas Merchant Bank, and carries an
      FT  -  307 words
    • 258 9 THE SOUTH African supermarket chain, Pick-n-Pay continues as the fastest growing retail group in the country, according to its interim results for the six months to Aug 31. Turnover increased by 46 per cent on the comparable period of 1977 to R217 million, helped by the end of
      258 words
    • 577 9 IMPERIAL OIL Ltd. a 0.6 per cent subsidiary of Exxon Corp, aid it plans to reduce production at its Montreal refinery and convert the plant to process a higher poportk» of the more profitable oil products. Mr. Roger Hamel, managing director, said the changes will
      577 words
    • 199 9 Reuter THE GlANTGeneral Electric (GE) Company said its third quarter profit rose 11 per cent compared to the same period a year ago. Hie largest US manufacturer of electrical equipment said its net profit increased to U*****.9 million, or $1.31 a share,
      Reuter  -  199 words
    • 186 9 Reuter AMAX INC said the NV Noordwinning K/13 group, in which its Amax Petroleum Corp subsidiary holds a 12.54 per cent interest, brought into production a third gas Held on Oct. 1 on Mock K/13 in the Netherlands sector of the North Sea. Amax
      Reuter  -  186 words
    • 187 9 Reuter J.P. MORGAN and Company, parent of the Morgan Guaranty Trust Company of New York, aid its second quarter operating profit rose 25.7 per cent, compared with the corresponding year-ago period. Morgan, the fifth largest bank in the US, attributed the increase primarily to higher volume
      Reuter  -  187 words
    • 169 9 Reuter THIRD quarter profit from operations at Westinghouse Electric Increased to U*****.9 million or 95 cents a share, from $123.9 million, or 82 cents a year ago. The diversified manufacturing concern said sales rose to $1.66 billion from $151 billion. Mr. Robert Kirby, chairman, said
      Reuter  -  169 words
  • Page 9 Advertisements
    • 178 9 ONE GOOD PUBLICATION THAT'S worth a thousand watts II you're into hi-fi, youH certainly ra)oy reading The Craft of Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi enthusiasts to improve thoir listening pleasures. Wouldn't it bo worth your whilo to mako b moro
      178 words

  • DEALS DONE ON THE SES AND KLSE
    • 1160 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown 4n brackets in lota of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett." Big Board deal
      1,160 words
    • 129 10 4 1/2% l/Vm (250.000) (M.408 99.808) 4 1/4% Is/$/§• (250.000) (99.508 100.006) 5% IV4/SI (250,000) (100 008 100.2*8) S% T P 1/5/83 (250.000) (100.158 100.308) 5 ¥4% T P IWBI-84 250,000) (102 008) 7% l/VM (250,000) (100.708 100.808) 7 1/4% Is/4/8$ (250,000) (100 758) 7 1/4% lt/IA/M (250,000)
      129 words
    • 104 10 STRIKINO prices of the Mock 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 shown In brackets. Cold Storage (Dec $2.30) (0.438 0.595). C mUC (Dec-$4.40) (1.228 1.308). Hum P E (Dec
      104 words
  • 2462 10 lll» High Low j> u Company Last Sals +orurs Dtr Dhr Crr urs Y*ld Vol C888) Day H%k Low SECTION ONE INDUSTRIALS 272 238 178 219 275 111 278 326 245 660 132 123* ;i2 T 133 195* 00 162 J 73* 140'• <• *56 Acma Alcom
    2,462 words
  • 149 10 SD4GAPOBI UNIT TBI) i' ffteee k>OM 11 ST INCOMKBOND UNIT Oet 13) (QenMp rteee) The Commerce 2.34 2 38 INCOME BOND 1.10 1.16 The Stung Pund 1 40 1.41 8'pore Prof Fund 1.09 l.Otad MABA BUMIPUTBA PUND 8'poreflecurlty i .at 2.00 (MmiBh' feteei Plr« Bumlputrm kr Oct 11)
    149 words
  • 1328 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 unlU unless otherwise specified. INNITMMI Aim «aaoB). AMM (t.OW) (1) LN XD AIM MaM (LM). A
    1,328 words
  • 187 10 METAL B« (8) ku unounced that at the oompuy EOGM held on Oct 4, the following ordinary reooThe neetiaf agreed to increase authorised capital from $20 million of 2t ■BHw ordinary aharee to PI million by the creatton of an additional It Million ordinary
    187 words
  • 601 10 STOCKS Armed quietly on the Stock Exchange of Singapore yesterday. Volume was low, with 5.14 million shares worth $11.30 million traded yesterday. This compared with Wednesday's volume of 4.10 million sharss worth 110.26 million. The most active stock was Pan-Eloctric, which at* tracted
    601 words
  • 616 10 BETTER buying Interest yesterday pushed prices slightly higher in a quiet Kuala Lumpur stock market. Turnover, however, was still low at 2.52 million units valued at M 56.07 million compared with 2.43 million units worth $6.12 million on Wednesday. The better tone In
    616 words

  • COMPANY NEWS
    • 940 11  -  By LOW LEE CHOO A MARKED reduction in rubber and palm oil production combined with lower prices obtained from oil palm fruits dragged Temerloh Rubber Estates' profit moderately lower. Pre-tax profit for the year ended April 30, 1978 fell 11 per cent from $2.18
      940 words
    • 554 11 Currant Payment Kx Data Booka Cloae Date Total for Total for Payable the year Previous year Hmi PB M Breweries GE Life Prima Wilkinson Gold Coia UAC 8. Trading M'wata Duniop lad NSOP Duniop Bat BKatU BKatU KLK Dab Temerloh Alcorn 8. Finance Jardine Loan Keck Seng 8BS
      554 words
    • 173 11 Company Pnrtieuinm Ex Date Books Clone Temerloh MBS Htrlan Bottwui Cirlib*ri Pub. Bank Synthetic Retina Fnber Merlin Bonus Issue of 1 for 0 Bonui Issue of 1 for 5 Rights issue of 1 loan stock for 2 ord -shares Bonus Issue of 1 for 4 Bonus Issue of
      173 words
    • 334 11 DESPITE tower Ntpit «f both rabber Mi «U palm, Debit Katil Bibber Estates maintained its preOt level fer the last financial year because si higher average prices realised, redaeed expenditure aad aa Increase in investment ineome. Pre-tax prsflt (niter prsvlslsa Isr depreciation, directors'
      334 words
    • 425 11  -  By SUSAN THAM GILANI Jute and Textile Mills (M) will have reached the end of the road once it completes the sale of its leasehold land and factory at the end of October. The company, which ceased operations in 1975 after five successive
      425 words
    • 190 11 SOUTHERN Klata Cm*Bfcd: AGM to be held at .Wisma Bunga Ray a, 152, Jalan Am pang. Kuala Lumpur, at 11a.m. on Oct 16 Gilaai J ate ui Textile MWs(M) Bhd:AGM to be held at 2-F, Chartered Bank Chambers, Beach Street, Penang, at 11a.m. on Oct 19. Ltd:EOGM to
      190 words
    • 937 11  -  By ARTHUR NG ALL four main marketing areas of the Malayan Breweries group performed creditably well last year with export sales from these markets accounting for the bulk of the overall mlm growth. This is the indication given by chairman Tan Qrin
      937 words
    • 162 11 ROTHMANS of Pall Mall is queried by the Kuala Lumpur Stock Exchange in relation to its proposed one-for-four bonus issue. The exchange wants to know if there is any expected change in profitability for the year ended June 30, 1979, compared with the previous year and if
      162 words
    • 278 11 SANYO Industries (Malaysia) seems to hive had a good first-half this year With a pre-tax profit of f1.068.3JV' an Increase of 28.4 per cent over the previous comparable hairs tnist. However, when compared with the immediate preceding half ended Dec SI, ISTB,
      278 words
    • 109 11 TRUE to expectation, Kucha! Tin's interim results showed a vast improvement for the six months to June 30. Unaudited pre-tax profit, reflecting higher tin productivity, leapt a hefty 121.5 per cent to MH10.849. Net profit, after increased tax charges, doubled to $136,419. Tin ore output, as anticipated by
      109 words
  • Page 11 Advertisements
    • 143 11 NOW in FONTAN Paperback L- *k I r ha BESTSELLER OFAGREAT HONG KONG FAMILY 3T7 *3 t "Power and poignancy descriptive brillance." CHICAGO THIBU THE SEKLOONGS are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong has built a! vast trading empire, renowned' throughout the east. But there
      143 words

  • 434 12 K Sum of $149,000 found its way into a mysterious suspense account with no apparent beneficiary, a dlsm court heard yesterday, is was because a large nujnber of files relating to Jtfcfc case were missing from the accused's office when investigations began, a
    434 words
  • 69 12 Reuter. FOREIGN and overseas Chinese investments In Taiwan—a useful barometer of economic confidence In this diplomatically Isolated island—totalled more than UBII3B million in the first nine months of the year. The United States, which strtl maintains diplomatic and military ties with Taiwan, topped the list of
    Reuter.  -  69 words
  • 909 12 AFP, Reuter AUSTRALIA'S proposed lower fares to and from London bypassing all other ports, exclusive to Australian carrier Qantas and British Airways, have been received critically throughout the Australian travel Industry. Supporters of UTA, KLM, Lufthansa, Singapore Airlines, Alitalia and Cathay Pacific are
    AFP,; Reuter  -  909 words
  • 715 12 Reuter. EUROBOND Issues In the third quarter 1078 fell to US$2.Bl billion (556.46 billion) equivalent from 53.33 billion in the second quarter and compared with $3.3 billion equivalent in the same year-ago period, Kredietbank SA Luxembourgeolse said. There were 58 public issues this quarter
    Reuter.  -  715 words
  • 724 12 LONDON. Thurs. Share prices today eased higher in light business, while government bonds lost ground, dealers At 3 p.m.. the Financial Times Index was up 2.4 at 506.6. Speculation over the possibility of a rise In UK minimum lending rate pushed short-dated bonds 3/8 lower In places, while
    724 words
  • 279 12 Reuter. JAPAN'S International Trade and Industry Ministry is working out a longrange plan to avoid trade friction and combat the danger of protectionism In the 1980s. A major element of the study is to determine how far Japanese economic and social development can advance
    Reuter.  -  279 words
  • 334 12 Reuter. CHINA IS likely to borrow between US$5OO million and $2 billion (551.15 billion and 54.6 billion) in a syndicated credit probably for between five and seven years, although the timing and exact amount are still difficult to predict. Disclosing this Mr. Baron Lambert,
    Reuter.  -  334 words
  • 303 12 THE MALAYSIAN lowa■wat intends to incnd parts of the Industrial Coordination Act to increase overnil confidence in the investment climate in the country, Deputy Trade and Industry Minister Datuk Lew Sip Hon told Parliament yeeterday, adding that this did not ■Man that tke
    303 words
  • 111 12 THE Paris-baaed Oocom, a Western grouping to coordinate exports t9 the communist bloc, is expected to authorise later this month the export of a large computer to China by Hitachi Ltd of Japan. This was reported by Kyodo News Service, quoting Japanese government sources who said
    111 words
  • 61 12 AFP. Reuter. THE president of the London Chamber of Commerce said a top-level trade mission representing the chamber will travel to China next spring with Its sights on a hefty share of Peking's burgeoning European imports. Sir Peter Tennant, president of the chamber, announced the trade
    AFP.; Reuter.  -  61 words
  • 479 12 AP WEBT ASIAN oil-pro-ducing nations are cutting back their Investments in US securities, partly out of concern over the strength of the American dollar on world money markets, a New York financial expert said on Wednesday. "Those nations are turning more frequently to
    AP  -  479 words
  • 407 12 BUSINESS activity of merchant banks in Malaysia, as measured by figures published in Bank Negara's monthly statistical supplement, slackened considerably in the first half of this year. Assets of merchant banks declined to $807 million at the end of June compared with 1914 million at
    407 words
  • 85 12 Reuter. THE BANK of Tokyo s&ld an 8-man mission from the bank led by president Yusuke Kashlwagi will go to Peking on a 10-day visit beginning Oct 30. The mission will meet officials of the Bank of China, People's Bank of China and Foreign Trade Department to exchange
    Reuter.  -  85 words
  • Page 12 Advertisements
    • 39 12 LOOKING FOR RELIABLE EXPORTERS HAVING PAST PERFORMANCE OF EXPORT TO AFRICA AND MIDDLE EAST MAINLY INTERESTED IN PLYWOOD ENGINEERING AND PIECE GOODS I.e. NYLON. POLYESTER, COTTON T.C. •niICOT ETC. CONTACT JOBANPU TRAS HOTEL MERLIN OR P.O. BOX ***** NAIROBI.
      39 words
    • 2 12 Leader Page
      2 words
    • 41 12 This announcement appears as a matter of record only. STATE BANK OF INDIA (Incorporated with limited liability in India) (Singapore Branch) U. 5.510,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE 1961 ISSUE PRICE 100% Managed by 10th October 1978
      41 words

  • SHIPPING TIMES
    • PORTSIDES
      • 96 13 GAZOCEAN, the Paris-based company specialising in the transportation and trading of liquefied gas, is close to selling its 120,000 cu m. liquefied natural gas carrier Ben Franklin at a net book profit of 170 million francs( SsB7 million). Under the transaction, designed to save the company
        96 words
      • 84 13 P O may invite tenders BRITISH shipbuilders have a chance of winning orders from a British shipping major, despite losing European Ferries" $400 million order for -three ships to a German shipyard. P O's ferry division is currently considering whether to officially Invite tenders from shipyards on newbuilding ferries for
        84 words
      • 82 13 THE Philippines will begin construction of a major ship repair lacility which can dry dock supertankers of 300,000 tonnes in a joint venture next year with Japan's Kawasaki Heavy Industries. Generoso Tanseco, administrator of the Philippines Maritime Industry Authority, said the US$9l.3 million(Ss2oo million) Philippine shipyard and engineering
        82 words
      • 87 13 JAPANESE, US AND Arab groups reportedly made bids for purchasing the Italian luxury liner Leonardo da Vinci, recently withdrawn from service. Brokerage sources in Genoa estimated the selling price of the liner at US$ll million(Ss24 million). Compagnia di Navigazione Italia, a state-owned shipping line, decided to
        87 words
    • 548 13  -  By WONG WAI LIN CARGO traffic through Port Klang increased marginally last year to reach 5,497,659 tonnes, an increase of only 2.4 per cent over 5,364,693 tonnes in the preceding year, according to the port's progress report for 197 T. The total value of the
      548 words
    • 252 13 JAPANESE made products, technology and culture will float into Singapore next month on board the roving Shin Sakura Maru to present the Japan Floating Fair '78. The 13,062 grt ship, specially designed for holding fairs is due here on Nov 13 for a threeday stay. The ship
      252 words
    • 191 13 PORT Klang will open new facilities costing MJSS million to expedite the processing and loading of rubber exports on Nov.l. The facilities, in the north port, consist of two godowns of 8,360 sq m. each and are located on a wharf 640
      191 words
    • 472 13 Shipping P»ge c*t. Aconas m 2 ACS n 5 Afea IV 2 Aipac IV 5 ANL i 1 APL ra 2 Anshing n 5 Arya Nat n 5 ASCL m 5 Bank n 5 BBS n 2 Ben Asia ra 3 Ben/EAC ra 2 Ben ra 3 Ben Ocean
      472 words
    • 3808 17 SCHEDOLE 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
      3,808 words
    • 115 17 The major shipping consortium operating between the Far East/Europe and Straits ports/Australia and tHg member lines. T ACE (FAR EAST/EUROPE): Franco Belgian Services. K' Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO (STRAITS/AUSTRALIA): Australian National Line < Australia/Straits Container Line Nedlloyd Lines Neptune Orient
      115 words
    • 987 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL 35IB. (1) Each vessel's«stimated time of arrival is advised by the Shipping Line/ Agent and is subject to change. (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      987 words
    • 132 18 UPI BBINPOBCING the f Nertk AttuHe grato wml to alwIJSr oeUter IC Other mit grata fbctag laeladed ei4-o«t»ker nwige •< SMM (mm (rta Ike 08 Mrtten raage to BUkae ahmrt the flhielie Mather at M (PTO) aai Oetoher a/n «f 2mm taaM» d 118 Nertk Padfle grata
      UPI  -  132 words
    • 713 18 THE International Salvage Union (ISU), which represents the greater part of the salvage industry throughout the world, met in Vienna on 4th and sth October. The meeting took note of the greater public awareness of the work being performed by salvors and the
      713 words
    • Article, Illustration
      276 18 EXPECTED ARRIVALS TODAY PASIR PANJANG WHARVES Hoe Lee 0700 827-893 CB2 GDn3O2 Ma war 0700 after Seng Hong 1286-1360 CB7 Gdn 303 TELOK AYER WHARVES •Aik Lai 0800 FP4 Kalimantan 0700 FPS Kuala Siak 0900 MWI Putra Indah 0700 MW2 Sri Sarang 0700 FP3 *Pending on A/C
      276 words
    • 469 18 THE Introduction of new tanker safety and anti-pollu-tion rules could reduce traditional flexibility in the 40,000-dwt to 130,000-dwt ranges leading to temporary increase in overall freighting rates, Lloyd's List reported. This is the view of Mr. Maurice Holdsworth who heads the marine navigation and
      469 words
    • 74 18 THE 45 West German shipbuilders plan to reduce by 1980 the number of hours worked in the industry to 23.4 million annually, compared with 54.7 million in 1975, the Shipbuilding Association said. The industry's workforce will be cut to 50,000 from curre it levels of around
      74 words
    • 873 18 WHO ACTS FOR WHOM The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Unipacific. Alpac Line—lntrasea. Anhsing
      873 words
  • Page 13 Advertisements
    • 390 13 Scan Dutch V Fast and Regular Service To/From N.C. /SCAN /W.MED./U.K. Singapore: Tel. *****. Port Kelang: Tel *****1. Kuala.Lumpur Tel. *****. Penartg: Tel ***** 4f» .1 \RI)IM AN YAW Orient Overseas ConlcJiie/i Line V|W MttafU 15/10 16/10 20/10 22/10 26/10 27/10 2/11 3/11 9/11 10/11 16/11 18/11 23/U 2«/U 30/11
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    • 259 13 5311!§ mi. SEALORD ANTAH m UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick B 288 TEU Capacity, Long Length Capability. ■■ARABIAN GULF WEEKLY SERVICE* lit BH m S3 SEALORO SHPPMG AGENCES (iff. No. *****5/OOC) 3RD FLOOR. MARMA HOUSE. SHGATORE 7 TU *****94 TELEX NO
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    • 703 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore. Tel. *****. Pott Keiang Tai. *****1. Kuala Lumpur Tel* *****. Panang: Tai ***** MAERSK LINE For US Pacihc Gulf Atlantic and East Canada (Also accepting lor Hongkong Taiwan Japan and Korea) FULLY CONTAINERIZED FAST DIRECT WEEKLY 13/11 14/1*
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  • Page 14 Advertisements
    • 685 14 p Hapag-Uoyd FUUY CONTMOtSQ) TO EWOK HMfkoaf Ejpre* IraiMn EXPRESS CONVENTIONAL TO EUROPE S'pn PJlelaMf Poo Mm Gmm W—Mi 22/10 8/U •ran 17/10 13/11 IntUi 28/11 27/11 14/12 MM 4/12 5/12 22/12 FULLY CQNTNNERQED TO GENOA/TRESTE Spore P. Mm( G«m> HoUUMm 21/10 22/10 14/U MWiriti 1/11 2/11 23/11 RUT CONTAMRBED
      685 words
    • 517 14 Rev 19/17 Nov 22/23 N* 19/20 nm am Dk 1 IMv 24/25 Rot 2/3 tot Dk 5/4 feci f£u 13 L"' '"1 tnm 15-17/11 J 19/11/11 I I 18-17/12 12-14/11 19-21/11 I 22-24/11 I 24-39/12 0 D 27-21/11 12-13/ 29-31/11 14-15/ 39-2/12 15-17/ 3-4/12 11-19/ 44/12 19-19/ 29-21/11 7-9/12 22-23/
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    • 519 14 and VESSEL/VOYAGE Vessel Arrives/Departs F.s closes WORLD WORLD TIGER V 11... OCT 20/21 LION Vll OCT 26/27 DRECT SERVICE TO MD-EAST DRY/REEFER CONTAINER SERVICE TO DUBAI, BANDAR ABBAS, DAMMAN, MUSCAT, DOHA TEHRAN, ESFAHAN, JEDOAH VSL Arrives/Departs C.F.S. CLOSES 5.00 PM LEADER VOO6 oct so/oct 31 oct 30 ADVENTURER VOO4 nov
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    • 917 14 Everett Lines M Im| nhm Fivt Star Hp| Carpn. ÜBk "BURMESE NATIONAL LINE" lomne for rmgoon MMPPM 11/14 Oct kim 20/22 on "B F S S C Agents in Malaysia: TEPS MALAYSIA Port Ktting Tel (38) 7355 Penang Tel *****/***** /j££> Compaiiia Arftatkn Of rJ Nawatctofl IfuMMtM—tal S. A. C.l.
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    • 667 14 o SANKYO LINE nine i»/»oct is/isoct syd,m.adel THREE STM 29/31 OCT 31/31 OCT STB, ML. ADEL SEABLOOM 1/ 2 NOV 3/ 4 NOV DNtHM. FREM MKT CMP 16/17 NOV 13/15 NOV SYD, MEL. ADEL BANGLADESH SERVICE DMMOM) STM 11/12 NOV 9/10 NOV QfTTAfiONG, CHAIN* eOCML AGENTS OCEAN SMPPOK ft ENTERPRKS
      667 words

  • Page 15 Advertisements
    • 593 15 Overseas I II I Containers Limited cmmaa* soma mm m/tmmm: u HDW| Bfto Rdaai Maw» Ston PUMI S'aart Mllhrtc hM W Uri Mrt faM 13 Oct TR. KS tana W W 1M SaM S*d 12 Ort 14 Ort W. RS Hum Man 1M SaM W Uri II Oct HR.TR.RI Immm
      593 words
    • 1002 15 GRAN AH D LINE Kt-'u ll l if' 1 V <f if EAST BOUMMffnTDHtMEM/FM EAST Ml MM WW f ix— II Oct Nu»B|/liM HI. MM MR MV MM TIT UC--31 Od II Nw ALL OWNED VESSELS K-GMNMD SMPfMG MENCCS PTE LTD TEL: *****77 (S L*S) P. KELMtt-MTS TRAMNG SON BHD
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    • 829 15 BEN LINE CONTAINERS KtuK rmw roM havk sotw &MM*e P. MM| Car—l/tartnt tatvorp Fraact M ILL IM kM 1/11 VU 4/11 1/11) Wll IVII 2VII VU 11/11 12/11 14/11 7/11 a/M wh 11/11 a/ii a/ii a/ii 17/11 *not a/u 17/11 u/u a/n (a/ii) a/u n vu i//u a/u a/u a/u
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    • 608 15 Scan Dutch V ETj.m.BNH EXPRESS CONTAI STBOUND TO MED/UK7 ONTINENT/SCANPINAVIA Faotar troa P Um| VnM Sterol) aunt 14/u man 21/ it FMKQCA Zl/M Kjm OOMM a/11 OIMli FMMCTSCA 4/11 VU OUMM 11/11 I— .17/11 FUNCQU IVU B# NOVUM S/ll (U«MM n/11 WTUMM «/U fukoca 2/12 ann 12/12 EUIMM 1/12 Fumsci
      608 words
    • 384 15 r GUTHRIE BOUSTEAD SHIPPI JC AGE NCIE S the: bank line ltd. SINGAPORE *****4 PT KELAAJG KUALA I'JMf'UR *****1 PEMAf\iG FESCO LINES FESCO STRAITS PACIFIC LINE SWi P. «M| Pmmi raw (Mb) IHICTB Oct a/23 octU7l( odl7/ll Oct 24 it A.HNM Oct a/U Mm 1/ 4 k) V 7 Oct
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  • Page 16 Advertisements
    • 839 16 K LINE tl KAWASAKI KISEN KAISHA. LTD. krcator t» OM SUE fcy Vess* TO EUROPE Spore P Wbor| Bream Kim **p 14 Oct IS Oct 2Np» 4Hn 5 No* 6Npo SNn 1191 M Oct 22 Oct 9Mm 11 Hn 12 Hr 13 No* 15 Mn 12W 21 Oct 21 Oct
      839 words
    • 836 16 V.S.A./EAST CANABA SERVICE wm FOAa emmm from fork, r. mm mm i tar ietrrow. cam. ml rem ami Penanf Betnran P Mar* SmJJpwt mis sen. ta-a/uoct n (mba ascn— n/aod a/31on i/in* 3/sr» E.C./GREAT LAKES SERVICE ■FOUL VWR, NOWNUL TONCNIO. ISMMMLA. BCIRON. CALfORWA/PACIFIC NORTH WEST SERVICE La** tar LOS ANGELES.
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    • 739 16 isnsn 'FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE Sport f UMxS too Kawt tfterx Dm Xtm Ate maratt—lmm MMintd 2Mm 4Mm sm» 4Mm «i oac aM 22 Oct 7Mm IMm 11 Mm 12 Mm 13 Mm IS I MCOMTMD-a fet 21 Oct 13 Mm IS Mm 17 k* MMmll Mm
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    • 605 16 'nan© Malaysia* «vremnational shipping cvapoaatjon kkhad EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SC ANDINAVIA mnwm: FM fKM *M S»ar* 1) IMb 2) Mm 3) tftarj 4) CN nwin m im— im a/u m/u t/u vu aunt m/u mm n/w vu vu 10/u u/u r—rm a/M ikm wit u/u u/u u/u 21/11
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    • 626 16 INTKASEA (PTE) LTD t-.itif Mhisp *-iE O'Cha'd Roac Smqaj. ~ro Telephone *****1 5" IWI Y ■HHMOIT SON/FULL COWTAKR SERWCE TO EMOPE r«i/N/to(Mpi MOd u*t not. WW J Mtan- bmb» mi) i» imu bbms -ww «ui.- IB) MM ft NMB MKt. JMTt. |SS- iwa waam WWM »mm.mntt Kansai Line STRAITS/AUSTRALIA SERVICE
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  • Page 17 Advertisements
    • 186 17 SHIPPING cr VDTI A kl INTERNATIONAL EGYPTIAN LINE EIL) EGYPTIAN FLAG FAST LINER SERVICE TO EGYPT (PT. SAC ALEXANDRIA) ALEXANDRIA GENERAL AGENTS: L.N. SHIPPING PTE LTD T«l: *****11 (Singapore) TLX R*****7 SUB-AGENTS: H.S.H. (M) SDN BHD Tel. *****3/*****7 (KL) *****6 (PT. KELANG) *****2 (PENANG) <5 Seatrain P., Q>.r, C, Full
      186 words
    • 249 17 FAR EAST WEST AFRICA SERVICES CONTAINER SERVICE ETA STORE 170ct M.V KYOSO MMU 170ct (SEN N0.009M2) M V YUE FLOWER 25 Nov (Abo accepting carjo tar Port Harcourt and Tcma) ETA LAGOS 11 No* BULK SERVICE (NON-CONTAINERISED) twos 21 NM t BR*ART SOUTHEASTASIA PTE LTD STORE *****66 BKKARI SON BHD
      249 words
    • 307 17 ALFRED C. TOEPFER LINE REGULAR SERVICE TO MEDITERRANEAN PORTS OF ITALY, SPAM, FRANCE m.*. OMOUSSMN MADEN m MVERSHM S parc P. Keiang Dischargng Ports 22 Oct II Od USpcaa Salerno Manfaicone T-!--A- Mmpies. inesie. twice 22 Od -MMBURDEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP U K ACCEPTING THROUGH BUS
      307 words