The Business Times, 19 October 1978

Microfilm: NL9863
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, OCTOBER 19,1178 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Elusive riches
      57 1 UPI. WASHINGTON, Wed.-Personal income of Americans rose a moderate 0.5 per cent last month,thef same increase as in August and a gain that willi probably be eroded by inflation. The Commerce Department report could cause concern among administration economists who have been counting on robust consumer spending this
      UPI.  -  57 words
    • Article
      Lock icon Pushing MTN
      72 1 UPI TOKYO, Wed. Japan will send a Foreign Ministry Official to Geneva this weekend to expedite the Tokyo Round of multinational trade negotiations (MTN), the ministry said today. Mr Reishi Tejima, chief of the ministry's economic affairs bureau, will meet Sir Roy Denman, chief commissioner for external relations
      UPI  -  72 words
    • Article
      Lock icon Unattainable target
      86 1 AP TOKYO,Wed. Mr. James Scott-Hopkins, vice president of the European Parliament, said today he does not believe Japan will attain a 7 per cent economic growth target. He feels the final figure is likely to be 6 per cent. Mr. Scott-Hopkins, midway through a four-day visit here for
      AP  -  86 words
    • Article
      Clamp on BP?
      38 1 LONDON, Wed. The British government plans to keep a tighter grip on the activities of British Petroleum ,(BP), in which it has a majority interest, but without fully nationalising the company, authoritative sources said today.
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    • Article
      Lock icon Syndicated loan
      60 1 AFP TOKYO, Wed. A group of six Japanese banks today signed an agreement to give a 40,000-million-yen (Ss4B3 million) syndicate loan to the Australian government, Japan Long-term Credit Bank, manager ofthe syndicate announced. The loan is repayable over 10 years, including a six-year grace period and carries an
      AFP  -  60 words
    • Article
      Lock icon Dawe's trial date
      68 1 Reuter SAN FRANCISCO, Wed. Singapore businessman Amos Da we, charged with bank fraud and conspiracy, has been given a new trial date of Jan 16 by a US Federal judge here. Da we, 44, faces the charges in connection with a scheme he allegedly devised to channel
      Reuter  -  68 words
    • Article
      Malaysian loans
      47 1 KUALA LUMPUR, Wed. Malaysia has borrowed M 53.64 billion from overseas up to June this year to finance national development projects, Deputy Finance Minister Puan Rafidah Aziz said today. The loans were obtained from the World Bank, the Asian Development Bank and from other sources.
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    • Article
      Lock icon Dow Jones
      63 1 UPI. NEW YORK, Wed-Prices turned narrowly mixed this morning as investors weighed a credit crunch forecast against f£e dollar's early strength abroad.Trading was moderate. The Dow Jones Industrial average of 30 industrials .which lost 8.83 points yesterday,was ahead 1.47 to 867.8 in the first hour.Declines edged out advances,s44
      UPI.  -  63 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      117 1 Rises Most octive Mala van Tin Dunlop Ind IIAC Straits Trading I'ftC (iuinnes.* Nat Iron K*N M Bunking UBS High l<o« Foils t'CM A.vi-r Hitam Tin Int Wood liaglli Hong Leong Haw Par 1420 470 336 605 545 790 <>05 >60 540 446 356 446 1120 146
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    • Article, Illustration
      In Kuala Lumpur
      153 1 Rises Most active S Mai Tin (M) 1030 .70 S Darby 243.00 Tronoh 740 40 UOL 171,000 Sg Besi 650 .35 Pahang Con 148.00 Berjuntai 810 35 H Par 135.00 G Kent (M) 285 .25 Total Turnover: 2.26m S Kinta 730 .20 Total Value: M56.17m Guiness Malayan
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  • Article
    Reasons by Sime do not rime
    1067 1  -  TURQUANDS BARES STRATAGEM By JOHN TAN THE battle for the privilege of auditing Sime Darby's books warmed up yesterday with further details from Turquand Youngs and Company. Sime, it seems, has not been completely forthcoming in its explanation to shareholders. The board wants to
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  • Article
    Japan scores $6b trade surplus
    126 1 JAPAN notched up another massive visible trade surplus last month following a dramatic increase in exports compared with the same month of last year, the Tokyo Finance Ministry said yesterday. The September surplus rose to U552.63 billion (about Ss6 billion) from $1.99 billion in August,
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  • Article
    GM will invest $20m in its Singapore plant
    593 1  -  By JOHN LIM General Motors, the world's largest industrial corporation, will invest more than $20 million in an automotive electronics plant in Singapore. This will be the first GM offshore plant to service GM divisions in the US, and it will at
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  • Article
    Hotels among 3 new issues coming to market
    289 1 With the carreat Improved aadertoae in the stock market, cerperate activity Is aace agala picldag up fast aad farlaas with three mare campaaies expected to make pahlie offers af their shares withia the aext OMBth ar sa. Twa hatei campaaies, Graad Ceatrai
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  • Article
    Substantial relief for Americans here
    521 1 THE new tax bill for overseas Americans passed last week by Congress will provide substantial relief for those working in Singapore. American companies and individuals here will save an estimated US$lO million ($23 million) annually as a result of the new legislation. Announcing this yesterday,
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  • Page 1 Advertisements
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      5 1 maxell. CLEAN CLEAR SOUND ALWAYS
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      Page 1 Advertisements Column 2
      126 1 LJ 4 tv* A MCKT DISTINGUISHED CAR! Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to the fully independent suspension
      126 words
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      Page 1 Advertisements Column 3
      88 1 SHIPPING TIMES US EXIM I ••king into Asean pr0ject5.................................... 2 PRIVATE sector keen to pUy active r01e....... I DOLLAR m the brink of 1M e THE ing and short of u annual report I PROMISES and target* la China's trade bonanza 1 JACK Chia Enterprises shares' offer.... u SETTLING price
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      Page 1 Advertisements Column 4
      360 1 Trust Sony for your video needs S Nowadays we can t think of a better way to present a quality sound system than the Pro 1 The audio experts at the Altai laboratory stuaios in Japan have selected ftve top components and neatly fitted them into a upright shelf that
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  • TRADE AND INDUSTRY
    • Article
      US Exim keen on funding Asean projects
      446 2 THE president and other officials of the US ExportImport Bank will visit the five Asean nations, from Oct 25 to Nov 15' seeking to finance projects that use US exports and those that strenghten individual countries' economies. Mr. John Moore, Jr., president and
      446 words
    • Article
      Chambers convention
      142 2 THE Confederation of Asian Chambers of Commerce and Industry (CACCI) will hold its seventh annual general meeting in Nagoya, central Japan, on Oct 19 and 20, the Japan Chamber of Commerce and Industry (JCCI) said on Tuesday. JCCI, which will host the convention, said the meeting will be
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    • Article, Illustration
      CATHAY PACIFIC OPTIONS
      187 2 CATHAY Pidße haa iwiitri that It haa eeaflraaei Ito eptfca tor the pwtaM H a HUM Bella Biyw pwww< iMkg 141 Jet aircraft tar Mwy la May IMS. la aMta, the haa takes eptleae tar imOw three 741-2 MB aircraft frem the Baciag C—paay. Itaee are idwtaM
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    • Article
      Private sector here ready and willing
      592 2  -  By RONNIE LIM PRIVATE sector businessmen are now looking forward to more opportunities in order to play a positive role in Asean's future economic development .said Mr.Jack Chia, president of the Singapore Employers Federation last evening. There is general awareness now that business matters
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    • Article
      TURNING UP PLACES TO DELIGHT TOURISTS
      173 2 THE SINGAPORE Tourist Promotion Board has launched its "If I were a visitor" competition, aimed at drawing up more interest ing tour itineraries on Singapore. The competition, starting this week, will hopefully also help to discover some new places of interest which can eventually
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    • Article
      Lock icon Coconut earnings bring riches
      134 2 UPI. PHILIPPINE export earnings from coconut products from January to September this year reached US$646 million (Sfl.4 billion), up by 16 per cent from last year's $557 million, official reports said The United Coconut Association of the Philippines (UCAP), quoting basic data from the Bureau of
      UPI.  -  134 words
    • Article
      Lock icon Taiwan textile exports may hit $6.5b mark
      433 2 AFP TAIWAN'S textile exports this year are expected to pass the US$3-billion mark (5J6.5 billion), an increase of 25 per cent over the $2.4 million registered last year. Taiwan's major textile export items are sweaters and other garments. Manufacturers noted that exports and
      AFP  -  433 words
    • Article
      Toyota industrial vehicle seminar
      100 2 Toyota's industrial vehicle distributors from nine countries begin the company's first-ever Southeast Asia and Oceania vehicle parts seminar in Singapore today. The countries represented at the two-day seminar are Australia. Hongkong, Indonesia. Japan, Malaysia,the Philippines, Taiwan, Thailand and Singapore. The seminar is aimed at upgrading distributors'
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    • Article
      Producers go all out for rubber buffer stock plan
      340 2 NATURAL rubber producers are going "fully ahead" with preparations to start a buffer stock scheme under an international natural rubber price stabilisation agreement. This was decided by the International Natural Rubber Council (INRC) at its two-day meeting in Kuala Lumpur. The
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    • Article
      New Zealand thrust for new markets
      226 2 NEW ZEALAND'S export thrust is to develop markets (or its manufactured goods, especially light engineering products and building materials. A visiting New Zealand Department of Trade and Industry official, Mr. Michael Turner, said this when he was passing through Singapore on his way to
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    • Article
      MEMO PAD
      390 2 COURSES AND TALKS Oct 6-28: The effective executive, SIM, SIM 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, Price Waterhouse Oct 21 and 28: Telephone techniques and courtesies, SIM, SIM/ Oct
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  • Page 2 Advertisements
    • Advertisement
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      143 2 NOW in FONTAN Paperback 8 HIS MAGNIFICENT BESTSELLER OF A GREAT HONG KDNG FAMILY ROBERT ELEGANT I "Power and poignancy descriptive brillance." CHICAGO TRIBU 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
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      648 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Half a mile In a taxi is enough for him (5) 6 Point a composer out at the seaside (5) 9 Is it essential for a road to be yellow? (7) 10 Satisfied that it's very soft in the hay (5) 11 Shelter in
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      661 3 A rare opportunity to own a unique mintage The most important silver coins issued in years. m. I 1 6 s*.r--m •-U--J The first issue of six silver coins shows the great cities of the USSR which will play host to the games. Coins slightly enlarged for detail Thel9Bo Olympic
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      465 4 THE Singapore market yesterday closed lower with November One RSS buyers quoted at 250.00 cents per kilo, down 2.50 cents from Tuesday's close, dealers said. Morning prices were marked down three cents on lower London advices, stoploss selling, freer offerins and lack of buying interest, they
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    • Article
      RAS PRICES
      431 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 245 50 246 SON 246 00 247 OON Int 1 R.S.S. November 249 50 249 75. 250.00 250 25 Int 1 R.S.S. December 252 50 253 00
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    • Article
      SSR and SMR
      116 4 NOON SSR and SMR prices yesterday B AS n (Carreat Mtfe) (Ferwart Mlk) Bayer* Sellers Bayers Sellers (eeaU per kg) (eei ■Is per kg) SSR 20 (1-ton pallet) 230 00 232.00N 232.50 234 50N SSR 50 (1-ton pallet) 228.00 230 OON 230 50 232 50N MRELB SMR5CV
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    • Article
      Palm oil
      76 4 C.I F. North European ports, in US dollars per ton unless otherwise stated LONDON: Friday Previous Malaysian 5%ffa bulk per tonne November unch 605slr December 620s lr 608slr Sumatra 5% fla bulk October unch 647.50/650pds November 635 627 50/630pds December 622' 625pdS 615/616pd January 607 pds 607 50pd
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    • Article
      Closing prices
      34 4 Rubber: Oct 18 Singapore: No v e m be r :250.00cenis (down 2.50 cents) Malaysia November: 251.50 cents (down 4 cents) Tin: M$ 1,980 (down $1) Official offering: 286 tonnes(up 71 tonnes)
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    • Article
      Rice
      196 4 BANGKOK rice prices were as follows yesterday (US dlrs per tonne fob basis Banff kok): While lice: 100 pel Ist class 402. 100 pet 2nd class 387. 100 pet 3rd class 382. 5 pel JT7, 10 pel 352. 15 pel 347. 20 pel 342. 25 pet 332. 35 pet
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    • Article
      Produce exchange
      286 4 THE Singapore produce market reported a dull trading session yesterday with prices holding on to their overnight levels. Buyers and sellers on the pepper section maintained their stand-off stance. But prices did not ease. No arrivals were received. Coffee trading staged a hesitant closing influenced by Brazilian federal
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    • Article
      Sugar
      463 4 RAW sugar futures opened £0.10 down to £0.30 per tonne up in a turnover of 1,400 lots in London yesterday. The market railed from last night's slightly lower kerb levels in fairly ordery trading compared to the active sessions on Monday and Tuesday.Dealers said the wave of selling orders
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    • Article
      Cocoa
      252 4 TERMINAL cocoa finished an uneventful first call £8.50 up in near Dec to £3 down in the forward months.Tumover was thin at 40 lots in London yesterday. Traders said lower bahia arrivals for the week to Oct 15 at 91,803 bags against 113,367 the previous week may have attracted
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    • Article
      Hongkong Comex
      314 4 SUGAR futures closed about 0.15 US cents higher in quiet trading, with 19 lots traded yesterday The daily spot sugar price rose 0.10 to 8.70 cents. Cotton futures closed firmer in continued quiet trading, following the overnight advance in New York, with activity restricted to December delivery, rising
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    • Article
      Soybean
      166 4 Ny CHICAGO on Tuesday, widespread mixed selling pushed soybean futures seven to 3/4 cents a bushel lower at the close. Soybean futures shed morning gains when commercial selling drove prices past sell-stops, leading to profittaking and fresh short selling in the final hour. Only buying by a commercial kept
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    • Article
      Straits tin
      268 4 THE Straits tin price in Penang dropped Mil per pieul to $1,980 Sentiment was slightly offset by a large increase in tin supplies by miners and easier conditions in London on Tuesday. However, the undertone of the market remained firm, despite the drop, with continued followthrough demand from
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    • Article
      Lead
      88 4 LONDON lead lost £10.5 for cash and £5 for Threemonths yesterday. Early fresh buying in the pre market took Threemonths upto £399 but then renewed liquidation reversed the trend in the ring where freer offering of cash was featured. The backwardation narrowed to around 14 stg from about 19
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    • Article
      Zinc
      40 4 LONDON zinc finished yesterday morning down mostly £5.5 after having failed to maintain pre market steadiness with liquidation and smallscale stoploss selling developing in the ring. Threemonths traded down to 361 stg where short covering support emerged.Sales were I.7ootonnes.
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    • Article
      Aluminium
      30 4 LONDON aluminium closed £0.5 up for Three months after a modest two way activity of 900 tonnes. There was no undue pressure either way and price movements were small.
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    • Article
      Coffee
      252 4 ROBUST A futures yesterday in London ended the opening call about steady £23 to £12 per tonne in 400 lots of self cross trades. Dealers said the market was well supported just above sensitive chart points in both Jan and March by mixed trade and commission house activity both
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    • Article
      Wheat
      61 4 CHICAGO wheat futures remained mixed at midsession in spotty trade ON Tuesday. Prices were fractionally lower in the spot month and two deferreds but held small opening gains in others as dealings held to a two cent range. The largest buyer in the first several hours was a commission
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    • Article
      Copper
      319 4 COPPER wire bars finished the morning up mostly £2 per tonne yesterday in London. Values were steadier on the pre market under light covering prompted by some overnight US demand, Phelps Dodge's one cent cathode increase to 70 cents per lb and the miner's strike at Norandas Gasep copper
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    • Article
      Silver
      89 4 HONGKONG silver closed unchanged yesterday at HKJ274.00 per 10 ounces in continued quiet trading, dealers said. Fixing price was unchanged at 274.00. Silver on the LME was up mostly 3.8 pence on Tuesday. The afternoon market was marked up following the trend in US futures with Threemonths trading up
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    • Article
      Gold
      425 4 THE kilobar in Singapore opened at 5516,026 yesterday and closed lower at $15,921. The high and low were 5516.047 and 5515,918 respectively. The market remained quiet. The London spot gold market opened at U*****.10/.40 and -losed easier at U*****.65/95 .The high is U*****.40/70 while the .'ow recorded at U*****.55/85.
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        514 4 THE US dollar was traded down to historical lows against the yen and the Singapore unit on the foreign exchange market yesterday. Opening at 182.0010 against the yen the dollar was heavily traded and down to touch the day's low point of 181.4060 when London opened. Dealers said
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      • Article
        Asian $ rates
        180 4 Asian rates ASIAN currency deposit Interbank rates as at close on Oct 16: US Dollars)Spot) Offer Bid 7<Uys 9 9 1 month 8 2 months 97/16 9 5/18 3 months 9 15/18 913/16 6 months 10 J 10'• 9 months 10'» 10' 12 months 10 J 10'« 1 month 3
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        Discount
        44 4 Range of prices offered by diMMIt kMKH OB Oct 16: Overaifbtb 1—S' Call deposits—3^.%—3'« Bayiaf Selbaf 3 month Treasury bill* 3'« 3*« 3 month Bank bills S'< 3 month CD 7 3/16 71/16 6 month CD 7'« 7'< Source: National Discount Co Ltd
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        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers lis 7.25 per cent.
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        London
        214 4 THE dollar was steady in quiet opening dealings at 1.8370/80 marks compared with 1.8370/85 overnight yesterday .dealers said. There were no new factors and the market took its cue from the trend in New York where the Federal Reserve gave support, and in the Far East where the Bank
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        New York
        306 4 THE dollar closed relatively little changed from its opening levels on Tuesday after recovering most of its early losses, dealers said. They said it appeared New York Federal Reserve Bank may have intervened to support the unit, following central bank intervention in Europe. The mark closed at 1.8370/80,
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        Hongkong
        185 4 THE US dollar was quoted little changed from California's closing levels against major currencies in fairly quiet trading yesterday.. Interest throughout centred on the dollar-yen, with the dollar falling to a low of 181.75/95 yen in late trading on the higher Japanese September trade surplus. However, the dollar later
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        Treasury bills
        53 4 THE Monetary Authority of Singapore invites tenders for a total of $15 million 91day Treasury bills to be issued at the option of the tenderer on any working day from Monday, Oct 23 to Friday, Oct 27. Each tender for Treasury bills must be for an amount not
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      • Article
        Zurich
        58 4 ZURICH exchanges closing quotes on Tuesday ITS 1 5030-5065 Sir 3 0022-0083 Can 1 202-2708 Dink BI 9297-82 1331 Ddfl 74 7940-9938 Ffi 35 5235-6163 Bit 5 1756-1896 Dki 29 3411-4187 Nkr 30 5488-6307 Skr 35 0186-36 1014 Lit 0 1847-1851 Am srh 11 1997-2351 Port 3 3587-3756 Spain
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        Tokyo
        83 4 THE US dollar for overnight delivery closed at 182.15 yen yesterday, up from a 182.09 opening but down from 183.35 at Tuesday's close after tailing briefly to 181.85 in early trading. The Bank of Japan bought an estimated 40 mln dlrs at around 182.00 yen to support the dollar,
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        Euro $ rates
        94 4 Euro rates LONDON Eurodollar deposit rates yesterday were basically steady after being adjusted lower on the Friday dealing technicality, dealers said. EURODOLLAR OPENING RATES YESTERDAY: Overnight 8-13 16. 8-11 16 Thurs Fn 26-9 16. >6-7 li Weekend J-7 16. 3-5 16 Call two days 8-7 8. 8-3 4 Seven days
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  • Page 4 Advertisements
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      145 4 Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. David Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker. The book gives a brilliant rundown
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  • OVERSEAS
    • Article
      Lock icon Paris visible trade moves into surplus
      359 5 Reuter FRENCH visible trade was 1.3 billion francs (SJ7SO million) in surplus seasonally adjusted in September following a 1.06 billion franc deficit in August, and a 421 million franc surplus last September. The French Foreign Trade Ministry said this gave a 1.86 billion franc
      Reuter  -  359 words
    • Article
      Lock icon Olympic coins soak up platinum
      230 5 Reuter CREDIT Suisse estimates that world platinum demand will exceed new supply by 350,000 ounces this year, compared with a market surplus of 160,000 ounces last year. This will be the first deficit year since 1972, it said in an article published in its monthly
      Reuter  -  230 words
    • Article
      Lock icon Curbs may stunt North Sea drillings
      213 5 AP. MANY offshore oil operators predict that the British government's tough line on tax and leasing procedures may mean less intense development of North Sea reserves, a petroleum magazine in Tulsa, Oklahoma, reported on Tuesday. The magazine, the Oil and Gas Journal, said the
      AP.  -  213 words
    • Article
      Lock icon Call to tighten rules on export of unsafe products
      216 5 Reuter A US c—greasloaa I report released yesterday arged the tighteaing at rales goveralag experts «f prodacts haaard as aasafe la the United States. The report said preeeat export practices did net provide far adequate nets seat abroad aad said foreiga
      Reuter  -  216 words
    • Article
      Lock icon UNILEVER PRODUCTS PEGGED
      111 5 Reuter THE PRICE of soap and detergent produced by Unilever Ltd's subsidiary Lever Brothers Ltd are to be pegged for at least nine months, the British Price Commission said. The company has given an assurance it will hold prices until at least next July 30, following an
      Reuter  -  111 words
    • Article
      Lock icon Canada vs America
      65 5 Reuter. THE CANADIAN economy will outperfom th/ US economy next year, according to Mr. Robert Davidson, president of the Mercantile Bank of Canada. In a speech to businessmen at the bank meeting in Winnipeg, Mr. Davidson said Canada will probably achieve a real growth rate of 4
      Reuter.  -  65 words
    • WORLD IN BRIEF
      • Article
        Lock icon EVALUATION STILL ON
        520 5 Agencies NO TIME has been set for the announcement of President Carter's anti-inflation programme. White House Assistant Press Secretary Rex Granum said. Last week, Mr. Carter said he will announce the plan shortly after Congress adjourns. Mr. Granum said Mr. Carter and his aides are still evaluating
        Agencies  -  520 words
    • Article
      Lock icon Dollar is pushing towards the 180-yen brink
      964 5 Reuter, UPI. JAPANESE foreign exchange dealers say the US dollar may fall close to 180 yen in the near future due to Japan's continued large trade surplus and the sustained weakness of the US currency. Some dealers say the dollar may decline further
      Reuter,; UPI.  -  964 words
    • Article
      North Atlantic fare cuts not showing results
      709 5 THE new aviation policy of unbridled competition, now religiously pursued in the North Atlantic market, has produced only average growth on that route compared with other sectors. This disconcerting observation was made by the director-general of the International Air Transport Association (lata) while
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    • Article
      Lock icon Oil crisis scenario
      111 5 Reuter THERE is now a small chance that a world oil crisis in the late 1980s may be avoided, Mr. David Steel, chairman of British Petroleum, told the British American Chamber of Commerce in New York. In a speech, the text of which was released in London,
      Reuter  -  111 words
    • Article
      Lock icon CAB thwarts move by American
      169 5 UPI.' THE US Civil Aeronautics Board has suspended the fare increases proposed by American Airlines (or its service to Barbados, Martinique and Guadeloupe, and ordered an investigation into the proposed (ares. The CAB also announced it is allowing a 5 per cent increase in first
      UPI.'  -  169 words
    • Article
      CAPACITY USE RISES
      116 5 US INDUSTRY used 85 per cent of its capacity in September, up from 84.9 per cent in August, the Federal Reserve Board said. The use rate compared with 82.9 per cent in September, 1977. Capacity use for the quarter ended in September roae to 84.9 per cent
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      735 5 ARRIVALS Service Local Operator Number Tine Proa MAS MH601 0700 KUL MAS MH682 0725 KCH SLA SQ101 0815 KUL MAS MH621 0M0 PEN MAS MH607 0845 KUL' MAS MH67I 0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1025 BWN GIA GA980 1030 HLP MAS MH605 10C KUL
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      97 5 The President's Nothing but the best will do for the most important man in the organisation. t Henry has a prestigious "President Set" worthy of its title. In Rosewood, Walnut or Teak finish. Designed and crafted for the Chief Executive, the President Set not only reflects his status, but the
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  • Article
    SIA's no-frill pronouncement
    414 6 THE firm statement from Singapore Airlines' ynanaging director in support of low fares must be gratifying to many. "We are prepared to tumble with the giants in the field of low fares," promised Mr. Lim Chin Beng, but then he was quick to qualify the pronouncement. Basically,
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  • Article
    Truth will out for Sime shareholders
    190 6 YESTERDAY'S revelations by the auditor of Sime Darby finally promise to shed some badly needed light on a situation clouded by half-truths and sheer speculation. Mr. Beaton has publicly said that there are reasons other than the one put forward by Sime, and shareholders
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  • Article, Illustration
    Invest the annual report with just one function
    1927 6  -  IT SHOULD HELP INVESTORS DECIDE WHETHER TO BECOME OK REM AIN SHAREHOLDERS I do not believe the annual report is a product sales tool. Nor is it a social or political document By JAMES DOWLING PRODUCING a company's annual report is almost
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      187 6 tiILL! < 11 s Delicious food TERRIFIC! ♦>» 4 v w V j ion bar Ml >i-J Hotel RDyal-RAMADA Newton Road. Singapore 11, Republic of Singapore Telephone: *****1, Te»ex: RS-***** CaWes HOTELROYAL Indonesian set lunch daily for lovers of spicy food and our speciality IKAN MAS. Try our most-talked about
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    • Advertisement
      Page 6 Advertisements Column 2
      18 6 EXECUTIVE CHEF: LEO WALDMEIER. MAITRE DHOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 2536
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late mornReport for 21 bears prtor to 7 M p.m. m Oct 18 »t the airptrt: Maximum Temperature 30.1C Associated Humidity 75 Minimum Temperature 24.0 C Associated Humidity 100 Hours of sunshine 7.50 Rainfall in millimetres nil Total
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      234 6 mm SINGAPORE 5 3.00 PM Opening announcements followed by Star Performace The Doctor and the Countess 3.30 Diary of Events* 3.35 Home Sweet Home (repeat)* 4.20 Intermission 6.05 Opening announcements followed by What's my Line 6.30 News in Brief* 6.35 The Struggle for Survival* 7.00 Samudra* 7.30 News in Malay*
      234 words
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  • Article, Illustration
    Lock icon Beware such promises and target
    1128 7 MORE AND MORE TRADE DELEGATIONS FOR PEKING The Economist. CHINA'S Foreign Minister Huang Hua has been in Britain and Italy. Other Chinese delegations are trotting around Australia, Finland, West Germany and southern Europe shopping for Western knowhow. Teams of British steel and chemical plant contractors,
    The Economist.; Sources: Joint Economic Committee of Congress for earlier data; IMF for recent years.; Source: OECD  -  1,128 words
  • Article
    STRAWS IN THE WIND
    429 7 MAURICE Rickards hopes to set up a national social history archive of ephemera and he rummages through dustbins to increase his already formidable collection of tax return forms, handouts about the women's liberation movement and kidney donor cards. The most ephemeral thing, Rickards prounounces, is a
    429 words
  • Article
    The order bonanza
    690 7 THINGS are mevteg fast In China, hat here Is a partial guide Is ssbm sf the far Ibis year. Krapp, Densag, Thyssea and R^MnMaj? a $4.2 billion deal for five new mines (and extention of a sixth) in Hopei and Anhui plus two huge open-cast mines in
    690 words
  • Article
    Lock icon Don't gloat over the UK's oil glut
    911 7  -  FOBPM £fr£M ...OD economics By KEVIN DONE FT. THE APPARENT abundance of energy resources in Britain can easily hide the fact that the country's period of energy self-sufficiency will be relatively shortlived. The danger is that consumers presented with plentiful supplies of homeproduced
    FT.  -  911 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      285 7 V IK U* W Mo\A/ of Now, at the IMPERIAL BAR n v fc .1 vt. mil, EERKt SPENCER Come, listen to the soothing sounds of Tony. Terry and Spencer at the Imperial Bar The most talked-about pop group in the most talksd-about bar in town The best yet of
      285 words
    • Advertisement
      Page 7 Advertisements Column 2
      71 7 ORCHID INN 214 Dunearn Road. Singapore Tel: *****2 HOTbL PHObNIX SINGAPORb Orchard/Somerset Roads. Singapore 9 Td *****6 PbNINSUbA HOTbb Colcmtn Street. Singapore 6 Tel: *****1 RAI-l-LbS HOTbL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SHANGRI-LA HOTbL 22 Orange Grove Road. Singapore 10 Tel *****4 SINGAPURA hOKIM HOTbL 585. Orchard Road.
      71 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      CHICAGO BOARD OPTIONS
      1870 8 October 17 CHICAGO Board Options Exchange volume swelled to 214,318 contracts on Tuesday from 149,421 on Wednesday. "51' OPTIONS OCT JAN APL STOCK Alroa «0 UNTRD 87/a UNTRD 49 3/8 AI<-®» 45 3 3/4 5 1/3 57/8 49 3/8 Air 50 1/4 23/4 31/4 49 3/8 AmTel
      1,870 words
    • Article
      Lock icon Large capital issues active and higher
      597 8 TOKYO Source: DBS-Daiwa THE market continued bullish yesterday, centring on domestic-oriented issues such as cement and wire and cable Issues Large-capital Isbues were also active and higher owing to buying by institutional Investors. Turnover was extremely heavy with an estimated 590 million shares changing
      Source: DBS-Daiwa  -  597 words
    • Article
      Lock icon Hongkong
      419 8 Source: SHK Sec ANOTHER spiritless performance yesterday saw the market down almost six points by lunchtime as blue chips came under light pressure following Jardines' mediocre results. Wall Street's continued decline also added to the bearish sentiment and with the market entering a traditionally quiet time. It was difficult
      Source: SHK Sec  -  419 words
    • Article
      Bangkok
      155 8 Bangkok Bank Bank of 370 AyudhayaLtd an Thai Danu unq Thai ranncrt Bank 350 Thai Commercial Bank 742 Bangkok Metropolitan Bank unq Industrial Finance Corp. 2 555 Oeneral Finance 434 First Trust 3*0 Raja Finance 1.330 Lee Kwanc Mine Trait ...219 Thai Insurance Safety unq Insurance 2M Jalaprathan Cement
      155 words
    • Article
      Sydney
      252 8 OCT II Cent! INDUSTRIALS A. C. I 190 -1 A N I 1678 A P M IIS 1 Ampol Pet •4 •1 BMP •46 -4 Bank NSW 780 -6 Bora! 262 2 Bramble* 200 urvch C B A 252 -1 CSR 332 Coal Allied 460 unch Dunlop 1S2 ♦2
      252 words
    • Article
      Manila
      102 8 OCT It Pesos Acoje Mining 01 -0 0005 Atlas Con A Atlas Con B 21 00 ♦0 1 Hagulo Oold 0135 ♦0 001 BenjruetCon B 30 00 unch CDCP 27 00 3000 uneh 0 25 Inco B Landoll Lepanto B 2S ♦0 005 MarlnduqueB 6 85 •1.15 Mrralco a
      102 words
    • Article
      Selected Indices
      66 8 FINANCIAL TIMES INDU8TRIAL8 Tuesday «8.5 Monday 4B4.6 Week Ago 508 3 DOW JONES AVERAGE INDUSTRIALS Tuesday 866.34 Monday 875.17 Week ago ***** LONDON DOLLAR PREMIUM Tuesday 76'» to 77 Monday 78'« to 79'« H.K.HANG SENG WtdMtdajr 633.05 Tuesday 838.57 Wetk ago 818.46 SYDNEY INDUSTRIALS Wednesday 466.33 Tuesday 488.8#
      66 words
    • Article
      Johannesburg
      362 8 OOLD and platlnlum shares were hlcher on the stock exchange In moderate trade on Tuesday, inhibited by caution over the south-west African talks In Pretoria The industrial market was mixed with a slightly softer bias although Metro Cash In stores gained a further 50 cents to 1,600 on further
      362 words
    • Article
      Zurich down in slow trade
      499 8 EUROPEAN MARKETS ZURICH stock prices were lower on Tuesday in slow trading due to the Swiss franc strengthening against the dollar, but losses were limited. Credit Suisse led banks lower, and Buehrle bearer and Saurer bearer were also among the more Important losers. Re-insurance bearer
      499 words
    • Article
      Zurich
      180 8 OCT IT Franca Actlont Sulaaet 262 Aluiultte Br 970 unch Aluiultte Ret 460 unch Brown Bovert Br. :ar -S ClbaOelfy Br -i ClbaOelfy PC Mi -10 iintnri;n— MS 41 I*«: t l V Credit Suitae Reg 415 -I ElektrcwaU Br 1760 -15 Cirorp Fischer Br 530 Qlobui Pc 423
      180 words
    • Article
      Frankfurt
      217 8 OCT IT Dm Aef-Telefunken mo -0 9 Akao 28 50 -0.3 Alii Leben 781 ♦3 Alts Vers 518.50 -1.5 BASF 142 10 •1.4 Bay HTWbuik ***** -2 Bay Vbank 342 -4 Bayer 145 -1.5 BBC 307B BMW .Jl 228 -2.5 Cassella 428 -1 Chem Verw 271 -8 Com men
      217 words
    • Article
      Brussels
      93 8 OCT IT Fr» rOKWABO 1 1AJULE1 P Act* 437 -11 Arb«l 2390 -10 Astur 790 -V> Brascan 460 -Ts Bru-Uimb 1590 +5 Canpac 822 -28 cock 438 -1 Dp Been 207 unch Etws 2325 unch Eectrobel 6800 -10 Oh-Inno-Bm 2430 unch Oev 1342 -28 Hobok 2920 45 Pwro 3330
      93 words
    • Article
      Amsterdam
      178 8 OCT 17 Fl» ABN 387.00 1.5 Ahold 118.00 -0 7 Akto 31.10 -0.1 AMEV 88 0* -1 Amfu 111.00 -0 2 Am rot Bank 78.SO ■•■0.5 Hergoas Berk 83 00 +0.5 BoU 74 SO ♦0.1 BoraumiJ 158 10 unch Burhmann 73 -0.2 Bvenkorf 98.90 -0.5 Calve Delft 170.90 -0.7
      178 words
    • Article
      Dow Jones down
      1069 8 NEW YORK RISING Interest rates and the falling dollar drove stocks still lower on Tuesday In active trading after they suffered their steepest drop In nearly four years on Monday. Analysts said expectations of further credit tightening after the Federal Open Market committee meeting added to concerns
      1,069 words
    • Article
      Paris
      271 8 OCT 17 Frs CORBB1LLE Air-Liquide BSNGfrnk Danone CHFlThoiraonCsf) t'te Francaise rtes Petrotes < 'ompagnie Financier* C'ompagnle General* Credit Fonder De France Hachette (Libralrie) Machines Bull Mlchelln(B) Paribas Prchlney Clflne Kuhlmann PeuKeot 1 I'hillps (Nv Oem Belli I 1 Yin temps 8 A khune-Poulence SA Royal Dutch SueaCte Ft nan
      271 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      201 8 The NEW CXrCED ILLUSTRATED DICTIONARY mi Mf I AAC LL\ "M NFW h I KB /.VM nr \i-w W'f—!l r^y'S. n— vn fis in Two Volumes Here it is Oxford celebrates its Quincentenary Year (1478 1978) with the publication of THE NEW OXFORD ILLUSTRATED DICTIONARY. The NcV Oxford Illustrated Dictionary
      201 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon London police probe Sasse syndicate
      288 9 FT THE London Police Fraud Squad is to investigate the affairs of the Lloyd's of London underwriting syndicate headed by Mr. Frederick Sasse. It is the first investigation of its kind at Lloyd's in more than 50 years. The fraud squad has been asked to
      FT  -  288 words
    • Article
      Lock icon Boeing expands
      58 9 AFP THE Boeing Company is to expand its units bv 50 per cent to speed up production in view of the number of orders for planes received. The firm will be the first extension of the factories for 50 years. They will be enlarged between now and 1960.
      AFP  -  58 words
    • Article
      Credit Suisse will take a long view on divestment
      1030 9 EUROPEAN 4 WINEFOOD IS far and away the largest individual element within the 140 companies that Credit Suisse, one of the big three banks in Switzerland, took under its wing after the revelations at the Chiamo Branch. These companies constitute the
      1,030 words
    • Article
      Norsk Hydro buys Conoco interests
      304 9 NORSK HYDRO, the Norwegian chemicals, metal and energy group, has reached agreement with Conoco, the US oil company, to buy its UK chemical interests. The deal is understood to be worth between £7 million and £8 million. The acquisition, under negotiation for several months, has
      304 words
    • Article
      Uncertainty over taxes hits Wormald
      274 9 r ASIAN UNCERTAINTY over the Australian government's stated intention to tax foreign earnings has prevented Wormald International from negotiating some major international business. The chairman, Mr. J.W. Utz, said in June, the government announced that substantial changes would be made in the taxation of overseas
      274 words
    • Article
      MIM HIGHER
      71 9 MIM Holdings reported an unaudited consolidated net earnings of A$U.96 million ($B.BO million), for the first 12 weeks ended Sept 24 on sales of $102.21 million ($82.01 million). Earnings are after tax of $7.03 million ($7.90 million), depreciation $6.49 millionn ($6.34 million).royalty $3.81 million ($3.71 million) and interest
      71 words
    • Article
      Pertamina signs deal
      89 9 INDONESIA'S state-owned Pertamina oil company said it has signed a production sharing agreement with Exxon Corp's Esso Sumatra Oil Co and MobU Corp's Mobil Andalas Co, granting oil exploration and production rights in the Rhio and Jambi areas of south Sumatra. Under the contract, Pertamina will receive
      89 words
    • Article
      INT'L PAPER WEIGHED DOWN BY HEAVY COSTS
      209 9 EARNINGS OF International Paper took a steep dive in the third quarter, weighed down by costs involved in both a plant closure and settlement of a legal action. At USS2SJ million, they were 58 per cent lower than the $82.1 million earned in
      209 words
    • Article
      Lock icon Utah setback fails to upset General Electric
      391 9 N.AMERICAN fa A FT IN SPITE of a setback at its Utah International natural resources division, General Electric Company (GE),the world's largest electrical equipment manufacturer, has achieved an II per cent rise In third quarter earnings, from U*****.5 million to {298.9 million. Sales
      FT  -  391 words
    • Article
      GM division will make V-6 engine
      82 9 GENERAL Motors Corp said its Chevrolet motor division will begin production of a new V-6 engine for a compact sized car to be announced next spring. The company said the engine will be built at its Tonawanda plant, starting next month. The plant will
      82 words
    • Article
      Pepsico reports buoyant results
      217 9 PEPSICO, a leading consumer products group, has released a buoyant third quarter earnings report, which could be a pointer to results due in coming weeks from other major US corporations. Earnings increased by 15 per cent and earnings per share by 12 per cent on a
      217 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      56 9 Everything you need to know about Qantas 7478 schedules from Singapore to Australia London and Europe. 25 departures weekly one stop to London Monday, Tuesday, Thursday and Saturday. i -I #1 If* FROM SINGAPORE Athens Tues. Fri. DEPARTS Brisbane Wed Tnurs. London Metxxjme Mon Thurs. Sun. Thurs. Sun From Australa
      56 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1164 10 BID and oftar price* officially baud and b—HM in and reported to the Stack Eachang* oI Wnaapmi yesterday with Ute number orshar** traded Mown to bracket* in lots of 1.889 unite unlea* otiterwia* mettled All TUa* Settlement contracts are quoted alter tits word "sett." Rig Board deal (in
      1,164 words
    • Article
      Government bonds
      14 10 7 1/4* 1/5/87 250.000X100 30B) 5% IV4/8I (250.000) < 100 008 100 208)
      14 words
    • Article
      Stock options
      97 10 STRIKING prices of the stock options officially Usted on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday number of options traded shown In brackets. Cold Storage (Dec <2.30) (0.448 0.605). C and C (Dec $140) (1.20B) (1) 1.25. Hume FE (Dec
      97 words
  • Article
    Unit trusts
    152 10 SINGAPORE UNIT TKU8T (HiMim' prim tor Oet H) The Commmt 2 JS 2.38 The Saving Fund 1.41 1.36 S pore Prog Fund 1M 1 lOxd S pore Sec. Fund 1.0 J.« S pore Invest Fund 1.34 l.C INCOM1 (C»n Income Boad MARA BUI (BOND UNIT uatpriM) 1.67 1
    152 words
  • Article
    SHARE INFORMATION SERVICE
    2429 10 1978 High Low Company ft'i Last DW Sale +or- Qr*i Nat DW YH P/E Val Crr (*881 Day High Law ll SECTION ONE INDUSTRIALS 273 23S 178 219 •275 328 132 Acma 123* Alcom 112 Allied Choc 133 BAT 198* Bata 60* Ben 162 Ber Jaya Kawat
    2,429 words
  • Article
    In Kuala Lumpur
    1691 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 tn brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Aama (2.338 2 498). AJinamata (2.508). AI Mm (l »0B 2.008)
    1,691 words
  • Article
    COMPANY MEETINGS
    234 10 GILAN1 Jate aid Textile Mllte(M) BM:AGM to be held at 2-F, Chartered Bank Chambers, Beach Street, Penang, at 11a.m. on Oct 19. UdiEOGM*to'be heldthe Regent Hotel, Jalan imbi, Kuala Lumpur, at noon on Oct 20 Jekaa Tla Dredglag BM:EOGM to be held at Amanah International Finance Bhd, Room
    234 words
  • Article, Illustration
    Early surge fizzles out
    776 10 MARKET seattmeat was qaletly steady sa the Slack Enkuge sf Slagapace ycstcfdAy fsiiswinft a slight sarge sf baylag at the spealag. Stamiaa Misled aat later la the day aad same at the galas were aat sastalaed. Share prices eaiei aa a adzed hat ■ptlmistlc aate. Aad
    776 words
  • Article
    KLSE sentiment up slightly
    490 10 SENTIMENT on the Kuala Lumpur Stock Exchange yesterday improved slightly with share prices finishing on a steadier note. Volume was higher at 2.27 million units valued at MJ6.17 million compared with 1.95 million shares worth $5.06 on Tuesday. However, price movements after a fairly firm opening
    490 words
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  • COMPANY NEWS
    • Article, Illustration
      Roll of proposals from Paper Products
      686 11  -  By DAVID CHOW PAPER Products (Malaya), which pleased its shareholders recently with an encouraging recovery in profit, has now come out with an armful of proposals to rationalise operations and strengthen its equity structure. It has proposed acquisition of additional stakes in two related
      686 words
    • Article
      Bovis gets reminder
      157 11 THE Kuala Lumpur Stock Exchange has written to Bovis South-east Asia Berhad to remind the company that, as Bovis (Singapore) Pte Ltd is a wholly owned subsidiary of Bovis (SEA), the parent has to convene an extraordinary general meeting for its shareholders to approve the sale of
      157 words
    • Article
      API contracts to be settled at $2.60
      425 11  -  By ARTHUR NG A PRICE of $2.60 per share has been worked out to enable the settlement of all contracts in the shares of Associated Plastic Industries which are still outstanding. The price was determined by a settlement committee appointed by the Kuala
      425 words
    • Article
      DIVIDENDS ANNOUNCED
      489 11 Current Ex Books Date Total for Total for Payment Date Close H Kalil 5% Sept 29 Oct 11 Oct 21 25% 25%(u) H kalil 10% I Sept 29 Oct 11 Oct 21 10% 25%( v) kl.k Deb 1 yr int. Oct 6 Oct 18 Oct 25 Temerloh 12%
      489 words
    • Article
      SCRIP ISSUE
      200 11 Company Particulars Ex Date Books Close Temerloh Bonus Issue of 1 for 6 Oct 6 Oct 18 MBS Bonus Issue of I for S Oct 16 Oct 26 llariroau Rights issue of I loan stock for 2 ord shares Oct 17 Oct 24 Kothmans Bonus Issue of 1
      200 words
    • Article, Illustration
      Jack Chia Enterprises shares on offer
      926 11  -  Issue likely to receive fairly warm reception as it features several built-in all ra ctions By MANO SABNANI WHILE Singapore investors are being enticed to put some of their money into the two new bank-backed closed-end investment trust companies, their counterparts across the Causeway
      926 words
    • Article
      City Dev told to stick to takeover code
      306 11 THE Stock Exchange of Singapore (SES) has reminded City Developments to adhere strictly to the provisions regarding takeovers in the Singapore Code on Takeovers and Mergers (SCTM). The reminder was made following several queries from the SES to City over the past
      306 words
    • Article
      BATU LINTANG UP
      274 11 BATU Lintang Rubber Company Berhad continued to maintain its steady profit growth, with pre-tax profit for the year ended June 30 improving by nearly 20 per cent to $3.24 million. Gross proceeds from sales during the year increased from $12.4 million to $13.7 million, according to the
      274 words
    • Article
      Receivers appointed for Malaysian Titanium
      215 11 THE sitoatiea at treabierlddes Malaysian TlUai am CwpmtfM appears to have eeme to a head with receivers aid managers having beea appelated f«r the cempaay'* properties, the Kaala Lam par Stock Exehaage was told. Sack a meve which aarmally heralds farther steps towards the wiadiag
      215 words
    • Article
      AUDITOR DIDN'T DISPUTE VALUE
      159 11 IN yesterday's story on United Overseas Land's successful bid for the minority shares in Singa*' pore Merlin, it was stated that the company's auditor, Coopers and Lybrand, had disputed the book value of (25 per sq ft placed on a subsidiary's land at Tanglin. This is
      159 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      63 11 CHANGE OF NAME As from Wednesday 18th October 1978 the name of CHARTERED MERCHANT BANKERS LIMITED has been changed to ARBIJTHNOT LATHAM ASIA LIMITED MERCHANT BANKERS 1900 STRAITS TRADING BUILDING 9 BATTERY RCAD. SINGAPORE 1 Telephone *****1 Telex ALASIA RS ***** Telegrams MERCHBANK Customers and clients cf the merchant bank
      63 words
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  • Article
    OCBC man is Far Eastern GM
    229 12 A SENIOR executive of Oversea-Chinese Banking Corporation, Mr. Tan Poh Soon, has been appointed general manager of Far Eastern Bank. Mr. Tan's appointment ended a 10-month search for a new general manager to replace Mr. P.J. Syraens, a British expatriate banker who died of
    229 words
  • Article
    Lock icon GOLD HITS NEW HIGH IN LONDON
    182 12 AP. GOLD hit a new high of U*****.25 (aboutSss27) an ounce in London yesterday. The US dollar was mixed in Europe after closing at a postwar record low in Tokyo. London's five major bullion dealers fixed the metal's price at the record high for
    AP.  -  182 words
  • Article
    Garrett's plan hinges on cost of labour
    868 12  -  By SIVA ARASU THE LEVEL of Singapore's labour competitiveness is a critical factor in the determination of any future expansion or re-in-vestment of Garrett Corporation in Singapore. While emphasising that his aerospace manufacturing company will not just pack up and leave, -the executive
    868 words
  • Article
    A new merchant bank is born
    450 12  -  By SOH TIANG KENG A NEW merchant bank a joint venture between Arbuthnot Latham of London and Philadelphia International Investment Corporation has been launched. It is Arbuthnot Latham Asia (ALA), formerly known as Chartered Merchant Bankers. Arbuthnot Latham, which once held a 43 per
    450 words
  • Article
    Revving up KL growth
    158 12 MALAYSIAN Finance Minister Tengku Razaleigh »Hamzah's 1979 budget, to be presented in Parliament tomorrow, will pave the way for an expansion in the Malaysian economy. He said in Kuala Lumpur yesterday that various measures will be taken to accelerate the pace of development and to ensure
    158 words
  • Article
    LONDON STOCKS
    733 12 LONDON, Wed. Share prices closed mixed after quiet trading today, as early gains were generally reduced or reversed on lack of incentive, dealers said. At 3 p.m., the Financial Times index was down 0.8 at «r?.T Government stocks were quietly firm with light demand on yield considerations. Longdated
    733 words
  • Article
    Lock icon German investment likely to rise
    125 12 Reuter DIRECT German investment abroad will probably increase in terms of both capital formation and capital return, the Bundesbank said in its monthly report. It noted German investment abroad totalled about 4.5 billion deutschemarks (552.75 billion) in the first eight months of this year, higher
    Reuter  -  125 words
  • Article
    Sats to take a peep into airlines' handbag proposal
    278 12 THE SUPERVISION af the haad-isggage rallag was far leag Ike a gantlet which m My waste to pick ■p. Ito fagapern Alrpert Termlaal Servtoea (Sats) nv appears to be gallaatly stepplag farwart. It has agreed te exanlae a prepeaal pat farwart
    278 words
  • Article
    SIA: Fares can be cheap but not restrictive
    526 12  -  By COLIN CHEE SINGAPORE Airlines supports the idea of low air fares provided they are simple and unrestrictive. It is also aware that they can be abused if not applied "intelligently and judiciously". "The new era of air travel is one of
    526 words
  • Article
    FEFC-FCRIM agreement
    225 12 THE FORMAL signing of the separate merchants' agreement by the Far Eastern Freight Conference (FEFC) and the Freight Committee of the Rubber Industry of Malaysia (FCRIM) will take place on Oct 31, more than a year after the contract first took effect. This will be followed the next
    225 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      328 12 Pakistan International Airlines flies twice a week to 8 European cities. All via Karachi. Allowing you to stop over for an unforgettable holiday in Pakistan. A chance to see Pakistan, a country of living contrasts: of barren desert land, golden wheat fields and snow-capped mountains. A land of handsome, friendly
      328 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Melbourne stoppage
        104 13 CARGO handling on 27 vessels in the Port of Melbourne came to a halt on Tuesday morning when Waterside Workers Federation (WWF) members held a stoppage over pay issues, a Melbourne Harbour Trust spokesman said. He said the stoppage was in support of a claim for equalisation of
        104 words
      • Article
        Advantage to Liverpool
        89 13 MODIFICATION of Liverpool's Royal Seaforth grain terminal will enable the port to take advantage of possible export trade following Britain's bumper wheat crop. The modifications involve the provision of a road intake facility between two giant silos. They should be completed by the end of December and
        89 words
      • Article
        British proposals
        75 13 A BRITISH shipbuilders' delegation has made proposals to China covering future cooperation in the modernisation of China's shipyards, chairman of British Shipbuilders, Sir Anthony Griffin, said. Joint manufacturing programmes for ships and offshore oil technology are included in the proposals. He said on his return from a 10-day
        75 words
    • Article
      MISC places orders for more vessels
      590 13 THE Malaysian International Shipping Corp (MISC) has ordered two container vessels, two feeder container vessels and two palm oil tankers this year in a move to halt the decline in its profitability, Malaysian Prime Minister Hussein Onn said. The two container vessels are scheduled
      590 words
    • Article, Illustration
      MITSUI GIANT
      69 13 MITSUI OSK Lines has laMied twt new heavy lift carrier* to its heavy lift fleet la March this year, in rwpmt to demaad resalttag (mn mare large scale plaat prajeeta. Bath the rirtpa, Atlas Mifi(riwm ahave) and Andes Mara, are flipped with aewly Mped revalvtag heavy derricks, with
      69 words
    • Article
      Lock icon Rise in vessel demand
      191 13 Reuter THE ship sale and purchase market continues optimistically owing to improved stability in the freight market and increased demand for period employment, London shipbrokers Eggar Forrester says in its latest market report. Although the industry is still unsettled by currency instability, demand for handy-size vessels
      Reuter  -  191 words
    • Article
      London freight
      173 13 ENLARGED time charter booking was mainly concentrated in the Eastern hemisphere where rates generally maintained a quite healthy tone. Navlomar continued to engage prompt tonnage such as the 28,742 dwt Aiolos at U554,350 per day for a prompt trip from Karachi to Constantza with redelivery in Bosporus In
      173 words
    • Article
      Trans-Sapphire down
      47 13 THE 12,206-gross-tonne bulk carrier Trans-Sapphire, managed by Tokushima Kisen K K of Kobe. Japan, broke up and sank on Oct. 14 during the tropical storm "Ora" while anchored at Keelung, Taiwan, Lloyds Shipping said. Lloyds said the Panamanian registered vessel's cargo was not immediately known.
      47 words
    • Article
      INDEX
      487 13 Shipping Page CaL Aconas m 2 ACS n 5 Afea TV 2 Alpac IV 5 ANL i 1 APL m 2 Anhsing n 5 Arya Nat n 5 ASCL m 5 Angkutan m 4 A ust.Con t IV 5 Bank n 5 BBS n 2 Ben Asia m 3
      487 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3847 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
      3,847 words
    • Article
      WHO ACTS FOR WHOM . .
      873 17 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 Line—
      873 words
    • Article
      Container Schedules
      1019 18 RECEIVING OF EXPORT FCL CONTAINERS 1 AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Z. Agent and is subject to change Z (2) All export FCL containers and LCL cargo must be delivered to tne i
      1,019 words
    • Article
      Hopes up for holed tanker Christos B
      546 18 HOPES for the holed Greek tanker Christo6 Bitas, which was in danger of being sunk by gales and spilling 30,000 tonnes of oil into the Irish Sea, were revived on Monday. Force eight winds were forecast for the area and the tanker could
      546 words
    • Article
      Marketing tour for PLA chief
      226 18 PORT of London Authority (PLA) managing director John Black is on an intensive two-week marketing tour of South America. Mr. Black is accompanied by Mr. Peter Shea, docks group secretary of the Transport and General Workers' Union, the first trades union officer to participate in
      226 words
    • Article
      Lock icon New fund to raise compensation
      190 18 Reuter REPRESENTATIVES of 15 countries will meet in London next month to discuss the working of a new international fund that will increase the compensation payable to victims of damage caused by oil pollution from ships. The meeting will be held from Nov. 13-17 under
      Reuter  -  190 words
    • Article
      The consortia
      112 18 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. K' Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO (STRAITS/AUSTRALIA): Australian National Line Australia/Straits Container Line Nedlloyd Lines Neptune Orient Lines JUMBOLINE(
      112 words
    • Article
      Absenteeism hits Bombay port
      386 18 A 10 PER CENT increase in traffic and a high rate of worker absenteeism have caused costly delays of a month or more to ships at Bombay's part, India's largest. The shipping industry estimated losses related to the port congestion at U5535.4 million* SJ7S million) for
      386 words
    • Article
      Adventurer for Sealand
      72 18 SEA-LAND Service, the worldwide containerised freight carrier, has taken delivery of the final containership in the series of four D-6 class vessels built by Mitsubishi Industries in Kobe, Japan. The ship was named the Sea-Land Adventurer. Like its sister ships, it is 662 ft long and carries
      72 words
    • Article
      FAR EAST FREIGHTS
      939 18 MORE long term freight contracts are being signed. Rates are slowly rising. Some trades have seen increases of 20 per cent during the past two months. There is a steady voyage demand for the following size vessels: 3,000 dwt, 6,000 dwt, 10,000 dwt. Barge owners have increased
      939 words
    • Article, Illustration
      SHIPS IN PORT
      337 18 EXPECTED ARRIVALS TODAY PASIR PAN JANG WHARVES Marie 0600 after Shinsho 685-767 CBI Gdn3o2 S pore Jati 0700 after Shinsho *****5 CB2Gdn 302 Dca Maju 0600 after Ocean Glory 6 1118-1196 CBS Gdn 303 Menado after Kota Benar 1204-1281 CB6 Gdn 303 Luna Marina after Kota Benar
      337 words
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      Page 13 Advertisements Column 1
      302 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pie Ltd Tel 9265' Harrisons 4 Crostield Kuala Lumpur Tet MMtul Pernas-MISC Penang Tel ***** i \K I) i\ i AN I AH Orient Overseas Co*tku*i&i Line a r *TT77ir7T^ FULLY COHTAIOISED SERVICE PKetant Sp«« WTUt CORM. X
      302 words
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      Page 13 Advertisements Column 2
      188 13 SEALORI) ANTAH UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L Derrick 288 TEU Capacity, Long Length Capability. ■■ARABIAN GULF WEEKLY SERVICE' 1 \/qccqi Q'rv\r£*l I AQHmn for Vessel S pore Loading for B Data (11/11). A Dhabi (14/11). Doha (16/11). Bahrain (18/11). Damm (20/11) Kwt
      188 words
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      Page 13 Advertisements Column 3
      542 13 SEA J mLAND FULL CONTAINERSERVICE TO JEDDAH BOOKING TEL: *****22 MAERSK LINE For US Pacitic Gutt 6 Atlantic and East Canada (Also accepting ipi Hongkong Taiwan Japan and Koieai FULLY CONTAIM€»WEO FAST OM*CT WEEKLY 22/10 M/M 27/11 21/10 5/11 7/11 S>n«apo<e CtoM| Inks *CT 22 Oct 0600 hrs *CFS 21
      542 words
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      Page 14 Advertisements Column 1
      646 14 FULLY CONTAMERISED TO EUROPE EXPRESS CONVENTIONAL TO EUROPE S pore P Kriai( Pen Hn Genu KTmj B>a»en Rdam Antwerp Fneunteai 24/10 25/10 11/11 24/11 22/11 18/11 20/11 Banana 17/10 13/11 20/11 24/11 16/11 18/11 NetMaia 26,11 27/11 14/12 25/12 26/12 21/12 23/12 Mwsterland 4/12 5/12 22/12 8/ 1 5/ 1
      646 words
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      Page 14 Advertisements Column 2
      524 14 MiZ barber blue sea US ATLANTIC US GUtf i EAST CANADA 0«c 11 Dec It OK 19 OK 21 OK 23 OK 24 OK 2S Ok 30 IN" 6 47 20/oct Sa«anah Mm Y«fc •Svf*** (EAC) I 21-22/11 j 7 9/11 K^JML EXPRESS ARABIAN 4*o IRANIAN POPTS I SEM-COffTAMER SERVICE
      524 words
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      Page 14 Advertisements Column 3
      590 14 SEA tLAND U.S.A./ASIA WT KFKOUTD car* VESSEL/VOYAGE MX SAUK POT HHMT Ft* WTO 1 ISA. none UK, nm.ua and p*m« C.F.S. CLOSES Arrives/Departs 7.00 PM ADVENTURER VOO3 OCT 21/22 OCT 19 WORLD TIGER Vll OCT 21/22 OCT 19 WORLD LION Vll OCT 26/27 OCT 25 WORLD TIGER Vl2 NOV 2/3
      590 words
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      Page 14 Advertisements Column 4
      913 14 Everett Lines M. mom Fhra Star Sfcippiw Carps. "BURMESE NATIONAL LINE' LOMK R» MM D/ 21 Od B F S.S C Agents in Malaysia TEPS MALAYSIA Port Ketanc Tel (38) 7355 Penang Tel. *****/***** 'ARGENTINE NATIONAL LINE' v\ Transport scion Maritima Maxicana S. A. "MEXICAN NATIONAL LINE" FAR EAST/IBKO CWTRAI
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      Page 14 Advertisements Column 5
      727 14 SANKYO LINE AUSTRALIA SERVICE P. Ketang Si**** Loadtag to rut hveh... THRKSTAR St ABLOOM MAY CARP 24/21 OCT 22/23 OCT STD. MEI. ADEL 29/30 OCT 31/31 OCT STD. MEL. ADEL 1/ 2 NOV 3/ 4 NOV DNttMN. BROOME. FREM 18/17 NOV 13/15 NOV SYD, MEL. ADEL BANGLADESH SERVICE GEICRAL AfiENTS
      727 words
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      Page 15 Advertisements Column 1
      896 15 OCL Overseas Containers Limited 1 SERVICE TO BK/CaiTiOT: M Duff Btm II to" Itowe Stwi fMmt Sport MM: tew Mm SjM W SjM MM 21 Oct 23 Oct Ml. KS Mwlo SjM SjM SjM SjM a 38 Oct MKS tmm (jpms SjM SjM SjM SjM SjM 31 Oct TK. KB
      896 words
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      Page 15 Advertisements Column 2
      941 15 GRANARD LINE WEST BOUND-f M EAST/MEDfTBOANEAN S>n Plata* Nm| LaoMtMr HI. MM MS I.IM 27 Oct 21 Od 2Mm Dfbaaß/P SaM/i I iMMiiUnM IM^M MM FMt 21 MN P. SM/MmM ft i— /TrMaR/li Ml. MM MOM JIM II Dk P. bM/MuM mm w GRANARD SHIPPING AGENCIES Si PTE LTD Tei
      941 words
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      Page 15 Advertisements Column 3
      438 15 BEN LINE CONTAINERS BIN ASIA CONTAINER SERVICE BACS BEN/EAC W LLOYD TRIESTINO CONTAMER SERVICE EXPORTS: TO MEDfTEMAICAN W SUEZ: Lta4ta| tar KOrat MM, MPIB, I i mi titer Last Me*. Parts □POT PEHMG f HUM S'POK Spore PMar* f l toPt/IJOd 11/2100 12/1$ Me 39/31 Oct 1/1 Rm 2/3 tata
      438 words
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      Page 15 Advertisements Column 4
      858 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ [«w:in:n:ifr«*TCT OS EASTBOUNP FROM MED/UK. CONTINENT/SCANDINAVIA 1) G bwf I) H'bwf 3) 4wn 4) »4a* 5) l«H 4) II sates P Mar* Spore TOT MM IM SM4 MM MM MM MM 22/11 b Pwt mi» UM smm smm VU 2/11 ■D MOHIMM
      858 words
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      Page 15 Advertisements Column 5
      641 15 GUTHRIE BOUSTEAD agencies THE BANK LINE LTD. LOADS FOR E. ft S. AFMCA 2M iMauntm o—■ Sort Durban tl Pf Capetown Kuxlar later Spore 20/24 Oct f Oct HKIIKSTM baata* Z2/2SNM S pare 20/ JO On fM»( 1/3 Dec not east 1 south no rot ma mmm> ÜBOSTOW Penang P
      641 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      918 16 I K LINE KAWASAKI KISEN KAISHA, LTD. IDDDDSBBBDBi (VM SUE by Maw Vet* TO EUROPE Spore P Kelang L Harre H"burg Bremen IT dam Aoerp MM* am 11W |26 Oct 22 Oct No* 11 He* 12 No* 13 Mm 15 No* L comiao 12V XOd nod 15 No* 17 No*
      918 words
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      Page 16 Advertisements Column 2
      769 16 U.S.A./EAST CANADA SERVICE ACCEPTBS FCLACL CONTRBRS FROM PE3MNG. f. KELANE. STORE loadtag tar m C«n. BMTKOBE (M lata MRU Penang Bdaaan P MM| hpp I nUOCSM (MBA 2C SO) 27/29 Oct 29/31 Oct 1/ 2Nr 1/ 51 E C/GREAT LAKES SERVICE i hr nm. m raw. mnu. tononto. ashtamu. kiwt.
      769 words
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      Page 16 Advertisements Column 3
      954 16 NEPTUNE ORIENT UNES LTD S pan P Retoa|SM Heere Kteri Breea ITtea Awerp t la Oct aOdl 7 tee tin nan 12h) lllbi IShi MB-jXOcI »Od 13 Not 15 Me 17 Me 14 Me IS Iter a tee inm 4Mm ah« aim mm* aMe aMe ah 1 llkillh 77 a*
      954 words
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      Page 16 Advertisements Column 4
      715 16 MALAYSIAN INTERNATIONAL SHIPPING CORPORATION WM4O EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WOT BOM* FaaOar *f Mm| «ml Spr* 1) MscMb 2) Mam 3) H b«f| 4) Gkar| aa«M man 21/u yn «/n n/u iz/u fWWJU 21/11 IRM 11/11 12/11 12/11 19/11 *1/11 FMNCQCA VII TOM* l/ll 21/11 2C/11 21/11 M/U
      715 words
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      Page 16 Advertisements Column 5
      393 16 INTRASEA (PTE) LTD. Fabe'House 23JE Ro.ifl Smqapore e Tplephone *****T 1 *****5' Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P Keiang Loading tar: FORTUNE! V M 21 Od »Od Busbar* Sydney, Melbourne, Adelaide AtMt S«tjpo>e Mltta* (PH) LTD 2352(11 000**6 *****57 H R KO 9*mt t TtMMC 2444(4 7001'0 ALPAC LINE SOUTH
      393 words
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      Page 17 Advertisements Column 1
      128 17 SHIPPING SUMA \Q COPENHAGFN LINE EXPRESS SEMI-CONTAINER SERVICE TRANSIT 21 to 24 DAYS Sparc T HHjnf Pnunf I d»n 4nt«p HaMtef 1/H 24/11 2/12 21/11 1/11 12/11 U/ll 1/12 IS/12 12/12 DKECT SERVICE FOR WOOO PRODUCTS S'pM P. KdanfPtninc tdm ft**. Elbj eouwcai WH« 20/1# 14/ It n/l$ 31/11 4/12
      128 words
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