The Business Times, 20 October 1978
1978-10-20
1
18
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The Business Times
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Title Section11 1978-10-20 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, OCTOBER U, if» 50 CENTS11 words
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BRIEFLY...
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Article64 1978-10-20 1 Reuter TOKYO, Thurs.—The US might restrict imports of Japanese goods if efforts to reduce Japan's bilateral trade surplus do not produce concrete results, Mr.Toshikazu Hashimoto, Deputy Viceminister of Trade, said. In an interview with the financial daily Nihon Keizai Shimbun he said Japanese exports in dollar terms wereReuter - 64 words
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Article53 1978-10-20 1 Reuter KUALA LUMPUR, Thurs.—The Malaysian national oil company Petronas is studying a possible increase in Malaysian oil refinery capacity, Prime Minister Hussein Onn told Parliament today. Feasibility studies were likely to be completed by the middle of next year, he said. Any new refineries built would be partlyReuter - 53 words
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Article49 1978-10-20 1 JAKARTA, Thurs.—The Indonesian government plans to cut down the number of motor assembling plants in the country, it was announced here today. The decision however, would depend on the outcome of an in-depth study to be jointly undertaken by the industry .and trade and communications ministeries.49 words
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Article77 1978-10-20 1 AP LONDON, Thurs.—Britain's aerospace manufacturers increased their exports by US$l6B million (*****.4 million) to $1.4 billion during the first eight months of 1978 compared with the same period the year before, the Society of British Aerospace Companies said today. The jump was helped by a $100-million-dollar increase inAP - 77 words
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Article67 1978-10-20 1 Reuter HONGKONG, Thurs.—Hongkong's external trade for the first eight months of this year totalled HK571.07 billion (5535.5 billion) up 19 per cent from the same period in 1977, according to official trade figures released today. The figures also showed that domestic exports reached $25 b, imports $38.57bReuter - 67 words
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Article63 1978-10-20 1 Reuter JAKARTA, Thurs.—Over 532 million people in Asia are classified as living in "absolute poverty," director general of Food and Agriculture Organisation Dr. Edouard Saouma said today. "Most of these people are packed into four big countries— Bangladesh, India, Pakistan and Indonesia," he said in an addressReuter - 63 words
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Article49 1978-10-20 1 HONGKONG, Thurs.—Mr William Sea we 11, chairman of Pan American World Airways, said he discussed the possibility of building several Intercontinental hotels in China with Vice-Premier Teng Hsiao-ping, whose reaction was very positive. Mr. Seawell cautioned in an interview here that the discussions were strictly preliminary.49 words
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Article46 1978-10-20 1 UPI NEW YORK,Thurs.—Prices headed higher on the New York Stock Exchange early today.Trading was moderate. The Dow Jones Industrial average,which lost 6.67 points yesterday was ahead 1.21 to 860.87 in the first hour.Advances led declines,s77 to 420,among the 1,483 issues crossing the NYSE tapeUPI - 46 words
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Chief Price Changes
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Article116 1978-10-20 1 Rises Taakika StkaMaiajraa 420 +88 1060 +80 Btfjntai 830 +80 OCBC 248 +28 880 +25 Dun lop Eat 388 16 GuiancM 805 15 Strait* Trading 620 15 FAN 575 15 CAC 560 15 U AC 350 14 Paper Product* 186 18 COM 458 12 DBS 458 12116 words
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Article, Illustration137 1978-10-20 1 Foils Kampar 346 16 S Dredge 444 16 S Kinta 745 15 M Banking 555 15 C and C 565 15 Genting 368 14 Minsec 450 14 D Baby 224 12 U M Works 1TO+11N B Foils D keramat 1100 -20 Most octive S Darby 170,000 Pahang137 words
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Article756 1978-10-20 1 RONNIE LIM - OTHER MAKERS ANXIOUS By RONNIE LIM THE HANDLING of the Singapore diesel engine project specifically the recent award to the US Cummins Engine Group as the pioneer manufacturing facility here has sparked off a great deal of controversy. It is not a question of "sour grapes"756 words
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Article249 1978-10-20 1 MOSCOW NARODNY Bank has filed a writ for US$2O million (Ss46 million) against the managing director of Malayan Credit Limited. Mr. Chua Kung Siew, the director, is a major shareholder in Malayan Credit, holding or with interest in some 5.7 million shares of the company's249 words
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580 1978-10-20 1 MANO SABNANI - By MANO SABNANI ONE of the leading locallyincorporated electronic companies Setron Ltd, yesterday announced a bonus and a rights issue which will almost double its capital base and provide it with some of the funds needed for its ambitious expansion programme. Setron's shareholders are580 words
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Article93 1978-10-20 1 SIR Freddie Laker yesterday accused the Australian Transport Minister of distorting the facts behind the bid by Laker Airways to start a cut-price service between England and Australia. In a statement released in Canberra .Sir Freddie made a strong attack on the minister, Mr Peter93 words
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274 1978-10-20 1 SIME Darky's flaaacc director said yesterday that the board's pripml to chaage the empuy'i auditor Is act Jnsttded. Mr. iJR. Baataa, Shoe's flaaaee director slice May 1911, added that the caoipaay's carreat aadltor Tarqaaad Yaugs aad Company has dsae a goad Jab aa far.274 words
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456 1978-10-20 1 SIVA ARASU - By SIVA ARASU SINGAPORE textile manufacturers are now obtaining synthetic fabrics from a new source of supply Indonesia. For the first time this month, Indonesia will export about 33,000 metres of textiles valued at US$32, 000 into the Republic. The pioneering move by an Indonesian-Japanese456 words
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Page 1 Advertisements
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Advertisement19 1978-10-20 1 SAFE WITH AN ITOKI SAFE 47 Po4«um Stock Go4dtwi Piau Nwion Mo«d VngaCXM 11 7# JUIMM CUM BUSMCSTEMS Sm«o>i19 words
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Advertisement38 1978-10-20 1 $ouf <&easotts > food entertainment P restaurant ?J >- 4 >>■ m X 3 <n ft- X. m t. i'i t> 0 Tty our Fish Head Curry and other Local and Western Dishes. WDQGQ Coffee House 2nd Floor Straits lacing Bufldtog38 words
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Advertisement64 1978-10-20 1 SHIPPING TIMES FAIR eppertuMee far Aastratta r DCA wnl pay airtii DIBTY leftlligi beklil a STERLING Ilea far nUic CHEMICAL full. 3 ■jitlitrtlr BHOPPING' far m. INVITATIO! A GRAND eatry wttfc U milstays SHOPPING far a byte af the aetfaa PM«. ATIONS aat far FaJT* MEMOPAD CROSSWORD S, AIRCRAFT SCHEDULE64 words
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Advertisement282 1978-10-20 1 _}!]^(%!&(:=?~<~$\/;^^]\}^$|]!~ z\\ Wayfoong MAF. We make four moary wort for you "I work hard for my money" Lee Hong Tong, Manager make your money work hand for you" Wayfoong MAF At Wayfoong MAF we appreciate the bet that for most pebpie money isn't easy to come by. You have to282 words
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TRADE AND INDUSTRY
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577 1978-10-20 2 Reuter ASEAN goods will go on display in Sydney on Monday in a unique trade fair paid for by the Australian government to boost imports and answer criticism about restrictive Australian trade policies. The fair was personally ordered more than a year ago byReuter - 577 words
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Article565 1978-10-20 2 AFP AP A US-ASEAN investment mission will arrive in Manila on Oct. 28 on the first leg of a five-nation swing to explore business potential in the Asean region. The 21-man mission, sponsored by the US Overseas Private Investment Corporation (Opic), is the upshoot ofAFP; AP - 565 words
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Article, Illustration275 1978-10-20 2 CORONATION Sheppiag Plaaa, a 111-million eommercial-cam-rfstdea tlal complex developed by Geldhlll Develepmeats, la amoag the several madera sheppiag eeatree fast comlag ap te the seeds ef the Baldt Tlmah district. Carreatly aader eeastruction, the six-storey project which started late last year Is spread275 words
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475 1978-10-20 2 THE DECISION to buy the LNG carriers for the Malaysian International Shipping Corporation (MISC) was made by the Malaysian government and not by individuals, either in the MISC or in the government, the Dewan Rakyat was told early this week. Prime Minister Datuk Hussein Onn475 words
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Article202 1978-10-20 2 THE MALAYSIAN Rubber Industry Smallholders Authority (Risda) is venturing into the plantation business to help upgrade its service to rubber smallholders in Perak. Initially, the Risda office will open up mini esta&s in all the districts in the state. The first will be in Lenggong covering202 words
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210 1978-10-20 2 FIMA and its subsidiary, Pineapple Cannery of Malaysia, are to set up their own pineapple plantation to offset the current shortage in the supply of pineapples from smallholders. Fima's managing director. Encik Mohamed Ramli Kushairi, said they hoped to obtain land for this purpose210 words
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449 1978-10-20 2 THE Department of Civil Aviation will not pay a commission to airlines for collecting the $10 airport tax. The director of civil aviation. Mr Tan Kwang Hung, stated in no uncertain terms that the present policy, where airlines are required to collect the passenger449 words
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Article, Illustration236 1978-10-20 2 KOMATSU Singapore has signed an order to install an IBM System 370 Model 115 with on-line facilities to provide better services to its distributors, and for better management control of its operations. As a parts depot, stocking 45,500 items worth US$3B million ($83.6 million), Komatsu Singapore was236 words
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Article435 1978-10-20 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 Oct435 words
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963 1978-10-20 3 KADIR JASIN - By KADIR JASIN in Kuala Lumpur WITH THE 1979 Malaysian budget due today, people in primary industries are keeping their fingers crossed as they await the Finance Minister' plansfor this key sector of the economy. They are looking forward to a budget that will963 words
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516 1978-10-20 3 PRODUCTION of natural rubber in Malaysia next year is estimated to increase by about 2 per cent to reach 1.67 million tonnes. The estimate is based on anticipated world economic and demand conditions, according to the Treasury's economic report 1978/79 released here yesterday. Of the516 words
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Article, Illustration237 1978-10-20 3 FIVE HISTORICAL placet af warship la fflagaparf will be preeerved ea silver lageta far a faad-ralstag —fc—a far the Preeervatiea af Meaameata Beard. Mia ted aad laaaed by Slagapare Mat, they will help ta raise abeat far the Beard. The tone la limited ta237 words
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Article97 1978-10-20 3 Reuter PHILIPPINE Information Minister Francisco Tatad has denied reports that his country's edible oil industry would be nationalised, allaying fears in the Filipino business community. "There is no such thing there is no government takeover of the edible oil industry," Mr. Tatad said. President Marcos had, however,Reuter - 97 words
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Article178 1978-10-20 3 Singapore has shown remarkable progress in the Held of pest control and is to be congratulated for its allout "war" against pests such as flies and mosquitoes. Mr. Peter Flick, director of W.A. Flick and Co, Australia's oldest and largest pest control company, said this at178 words
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Article164 1978-10-20 3 BRITISH Columbia, Canada's leading western province in the fishing industry, will hold a one-day food festival in Singapore on Monday. Shipped fresh from Vancouver, over 16,000 km away, will be 680 kg of the province's best seafood, fruits and wines. The consignment will also include Canada's world-renowned salmon164 words
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Page 2 Advertisements
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Advertisement146 1978-10-20 2 good to eot...good to sell Australian food and beverages give the consumer quality and value. They give the importer increased business. And there's such a great variety available. Widely different climatic conditions enable Australia to produce some of the finest food in the world. Australia is one of the world's146 words
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Page 3 Advertisements
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Advertisement78 1978-10-20 3 I vcr\ aj»e has its legends Sincc t tic end ot Ihe last ccnturv. one name stands supreme u lien the world talks about cars ami piol*less \1 et cedes Men/ An outstanding cre.ttion <»l technical engineering %\mhol <»t success in tin rank ol distinguished pel son.i lilies supcih».ai born78 words
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Page 3 Miscellaneous
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Miscellaneous633 1978-10-20 3 TWO-IN-ONE CROSSWORD I CRYPTIC PUZZLE ACROSS 1 Active as a bachelor In the river (6) 7 Blind foreigner (8) 8 Detest a topper, by the way (4) 10 Such a collision doesn't decapitate you! (4-2) 11 Where, on the Continent. Al cracks a case (6) 14 Paper insect (3) 16633 words
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RAW MATERIALS
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Article437 1978-10-20 4 THE Singapore market closed slightly higher yesterday with November One RSS buyers quoted at 250.25 cents per kilo, up 0.25 cent Morning prices were marked down 1.25 cents on lower London advices and afterhours easiness here on Wednesday, they said. The afternoon session gained some ground437 words
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Article364 1978-10-20 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. 243.50 244.50N 246.00 247.00N Int. 1 R.S.S. November 247.75 248.25. 250.25 250.75 Int. 1 R.S.S December 250.75 251.25 253.25 253.75 Int. 2 R.S.S. 238.50 239.50N 241.00 242.00N364 words
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Article33 1978-10-20 4 Rubber Oct 19 Singapore: No v e m be r :250.25cents (up 0.25 cents) Malaysia November. 252.25 cents (up o.7scents) Tin: M 51,980 (unch Official offering: 202 tonnes (down 84 tonnes)33 words
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Article121 1978-10-20 4 BANGKOK rice prices were quoted as follows on Thursday: (In US dollars per tonne F.O B, basis Bangkok) White rice: 100 pet Ist class 402. 100 pet 2nd class 387, 100 pet 3rd class 382, S pet 377, 10 pet 352. 15 pft 347. 20 pet 342, 25 pet121 words
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Article296 1978-10-20 4 ALL was quiet at the Singapore produce market yesterday as dealers were generally disinclined to commit themselves in fresh transactions. Trading was scarce and confined mainly to local covering accounts. Overseas buying was minimal and that too applies only to one or two commodities like pepper and coffee.296 words
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Article73 1978-10-20 4 C.l.F. North European ports, in US dollar* per ton unless otherwise stated LONDON: Friday Previous Malaysian SHffa bulk per tonne November unch 60Sslr December 620slr 608s lr Sumatra 5* Ma bulk October unch MT50/650pds November 635 627 50/630pds December 822'-/ 62SpdS 615/616pd January 607' pds 607.50pd March 60073 words
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Article211 1978-10-20 4 SUGAR futures closedabout 0.10 US cents lower in small turnover, with prices fluctuating within a narrow range, dealers said yesterday. Dealers expect erratic trading within the next few days and believe prices should consolidate ahead of any fresh lead. Sugar futures closing prices: Clssflng Prevtsw Jan 8.75 90211 words
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Article87 1978-10-20 4 NOON SSR and SMR prices yesterday: HAS NtvMktr (Carrot Mtk) D SSR 20 (1-ton pallet) 229 < 00" 1 (MtajMrkg) 231.SO 233 50N SSR SO (1-ton pallet) 227 00 229.00N 229.50 231 JON MRELB SMR5CV (1-ton pallet) SMR5L (Mon pallet) SMR 5 (1-ton pallet) SMR 10 (lton87 words
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Article289 1978-10-20 4 THE Straits tin price in Penang remained unchanged at Mf1.980 yesterday. The steadiness was helped by smaller tin contributions from miners and light buying from all sources, despite London's continued easiness. Turnover fell to 202 tonnes from 286 tonnes and no rationaing was reported. In LONDON yesterday,tin fell289 words
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Article214 1978-10-20 4 RAW sugar terminal in London yesterday opened £0.30 to 0.70 per tonne down from Wednesday's 1700 hours levels but around one sterling per tonne above closing kerb levels. The tone was rather hesitant reflecting lack of news and the shake out in New York last night. Turnover totalled 1,331214 words
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Article138 1978-10-20 4 ROBUSTA futures ended the morning quiet, £10 to £2 per tonne down in London yesterday in sales of 718 lots. Dealers said earlier support around overnight levels dried up at mid- morning and values then drifted Uower on light dealer and commission house selling in a market that lacked138 words
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Article50 1978-10-20 4 CHICAGO soybean futures shot sharply lower in the final minutes to close down 11-1/2 to 1-3/4 cents a bushel on Wednesday. Prices eroded throughout the day on speculative selling and liquidation based on trader beliefs that harvesting and country selling of soybeans will accelerate in the next several days.50 words
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Article51 1978-10-20 4 CHICAGO wheat futures fell 3-1/2 to 2-1/4 cents a bushel to sit on their lows at midsession on Wednesday. The market eased in lacklustre trade on heavy selling by a professional and liquidation by locals. Traders said the strike by Canadian Great Lakes seamen continued to press the spot51 words
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Article294 1978-10-20 4 COPPER wirebars finished the morning down £4.5 in London yesterday. The early premarket was barely steady at 6 per tonne but values soon gave way under general liquidation down to 761.5 for Threemonths at the end of first ring dealings. The lower levels however attracted some covering against Continental294 words
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Article109 1978-10-20 4 SILVER in London yesterday declined by 2.1 to 2.3 pence. Dealers attributed the movement to nervous liquidation prompted by the fall in gold and prospects of a lower opening at New York because of the firmer dollar. Dealings were more active at 82 lots. Silver on the LME lost109 words
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Article411 1978-10-20 4 THE kilobar in Singapore opened at 5515,887 yesterday and closed lower at $15,873. The high and low were 5&5.904 and $$15,871 respectively. The mirket remained quiet. The London spot gold market opened at U*****.70/.00 and closed easier at USs227.©/95 The high was US$22B.»/60 while the low recorded at U*****.65/95.411 words
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MONEY AND EXCHANGES
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Article498 1978-10-20 4 WHILE the US dollar held its ground against major currencies on the foreign exchange market yesterday, it slid to new lows against the local unit. As there been no new develpment to add another blow to the dollar, as reflected by its exchange rate against major currencies yesterday,498 words
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Article172 1978-10-20 4 Asian rates ASIAN currency deposit interbank rates as at close on Oct 16: U8 DaltentSMt) Offer mi 7dajrs 9 3/16 9 1/16 1 month 10 9'* 2 months 913/16 911/16 3 months 10 5/16 103/16 6 months 109/16 107/16 9 months 10'» 10'* 12 months I0'> 10'. 8«M iyujL Dm.172 words
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Article36 1978-10-20 4 Usage of prteM by diicMil lw««» MI Oet Ift OvtrmifkU >'■ Call IvtafWN 3 month Treasury bill* 3*> 3 month Bank bills 6 3 month CD 7V16 11/1* 6 month CD V> Source: National Discount Co36 words
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Article21 1978-10-20 4 THE average rate at which Singapore! banks are currently prepared to lend to their beat customers ia 7.25 per cent.21 words
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Article82 1978-10-20 4 THE Malaysian Minister of Finance has fixed these rates for the period from Oct 19, 1978 until further notice: Rubber 259-7/8 cts a kg Copra $1,068.55 a tonne Palm kernel $966.75 a tonne White pepper $4,874.42 a tonne Black pepper $3,192.02 a tonne Rubber 65-5/8 cts a kg82 words
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Article232 1978-10-20 4 THE dollar closed somewhat firmer from opening levels on Wednesday, in more stable, orderly trading than that seen in recent days, dealers said. They said the dollar firmed from its opening levels in early trading, primarily in reaction to its recent declines, and remained around those higher levels232 words
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Article234 1978-10-20 4 THE dollar opened generally higher against major currencies yesterday, following the lead given in New York overnight and in the Par East dealers said. There were no new factors but the market remained nervous with the dollar at 1.8410/20 marks compared with 1.8338/53 overnight and at 1.5120/50 Swiss francs234 words
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Article113 1978-10-20 4 THE dollar for overnight delivery closed higher at 183.00 yen, compared with a 182.50 opening. The US currency edged up in quiet late trading on limited import covering and buying by banks to take profit, following a modest early recovery, dealers said. The dollar steadiness reflected its overnight strength113 words
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Article139 1978-10-20 4 Euro rates LONDON Eurodollar deposit rates yesterday were adjusted higher after the Friday start mark down, and inclined slightly firmer in quiet trading, dealers said. In periods, One month was adjusted higher to 10. 915/16 pet while Four and Five months stood at 10-1/2, 10-3/8 pet on Friday endsof- period139 words
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Article91 1978-10-20 4 THE US dollar fell to 181.75/ 95 yen from the Tokyo close of 182.15 in immediate reaction to the higher Japanese trade surplus in September, dealers said. The US unit had earlier risen to around 182.35/45 here from its opening 182.00/ 10 and its US West Coast close of91 words
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Article53 1978-10-20 4 AUSTKALIA<NZ exchanges quotes yesterday US dlr ***** IUM Sterling O.SBI o.s*S> Ninety day air mall buying rales Sterling OJM US dks 120(9 ninety day forward buying rates Sterling OJMt US dlrs 1.1724 New Zealand 0 &JM MM US dlr 1.07* IMK Ninety day airmail buying rates Sterling OJC2S53 words
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Page 4 Advertisements
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Advertisement167 1978-10-20 4 Meet Us at The Library M r > k s»V > II H ■*"*2 >*» 4 At the Library. To help you experience new heights of disco fever are two sensational D.Js. Monica Lim, Singapore's very own live wire and Joe Requena, 165 lbs of good looks and magnetism direct167 words
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OVERSEAS
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438 1978-10-20 5 THE New York Federal Reserve Bank's two moves to drain banking system reserves almost certainly means the Fed has tightened monetary policy. Analyst said the Fed has moved its Federal funds target a notch higher than its previous 8-3/4 per cent goal, although the new438 words
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Article217 1978-10-20 5 Reuter THE Confederation of British Industry will continue to support the government's counter inflation policy based on a 5 per cent norm, but is opposed to rigid guidelines and sanctions as a means of enforcing that policy. CBI president John Greenborough saidthat while the CBI supports theReuter - 217 words
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Article652 1978-10-20 5 ARRIVALS Service Local Operator Number Time From THAI TG413 1245 BKK MAS MH684 1245 KCH KLM KL833 1305 AMS/ATH/ KHI/CMB MAS MH651 1330 PEN/KUL SAS SK971 1335 CPH DEL/BKK SLA SQ455 1340 BWN SIA SQ61 1340 BKK GIA GA900 1400 HLP CPA CX703 1415 HKG BKK A'FLOT652 words
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192 1978-10-20 5 GERMAN PkMee Mfarister Him Matthaefer aad British ChaaeeUer «f the Exchequer Deals Healey eeatlaae to disagree toehaleal palate af the ptoaaed Earapeaa maaetary system (EMS). Be chief paiat af eaateatlsa la whether the earreaey basket which will farm part af the system192 words
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Article68 1978-10-20 5 AFP CHINA has ordered pit support and other mining equipment worth more than 100 million marks (about SJIIS million) from the West German firm KJoeckner Werke, the company reported in Duisburg yesterday. The order was not part of the recent 8,000-million-mark German-Chinese protocol agreement, but theAFP - 68 words
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585 1978-10-20 5 ANOTHER major run against the dollar could readily lift sterling through the two-dollar level, which is currently seen only as a temporary psychological barrier, senior foreign exchange dealers said. This level was breached briefly twice on Tuesday and once last Thursday and proved unsustainable585 words
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Article153 1978-10-20 5 REAL German growth will be 3 per cent this year while the Bundesbank has predicted growth of 3.5 to 4.5 per cent .Chancellor Helmut Schmidt said. However, he told a meeting of the Social Democratic (SPD) parliamentary party that he is personally more cautious in his predictions for153 words
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WORLD IN BRIEF
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Article568 1978-10-20 5 TOTAL US petroleum imports during the first three quarters of this year were off 11.8 per cent from Ahe same period a year earner, the American Petroleum Institute said. The trade group said total imports, excluding those destined for the strategtic storage programme, averaged 7.8 million568 words
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Page 5 Advertisements
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Advertisement20 1978-10-20 5 SINTAT Rent-a-Car SINGAPORE AIRPOR t TEL *****S CITY TEL 23SS8SS -f La'' js c on AU'd r eser vctions vt20 words
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Advertisement147 1978-10-20 5 A legend made by man will live through time legend spt.-.iks <>t the achievements o| Man often. it is the mirror >it i mlvdu it determi nation. and .1 drive tor perfection I oda\ the Mercedes lkn/ \ou oun is the finest cat on the ro.ul KifhtlulK it shares the147 words
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570 1978-10-20 6 LATER THIS afternoon, after the stock market has adjourned for the day, Malaysia's Finance Minister Tengku Razaleigh will present his budget address to Parliament. Budgets are important in any country, and in Mlaysia, Tengku Razaleigh's measures will be awaited with much anticipation. But570 words
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Article, Illustration1318 1978-10-20 6 WANG LOOK KEAH - Byte shops are becoming übiquitous in the US and are slowly nipping their way into the British computer market as well. These shops allow small buyers to purchase a micro-computer "off the rack" and may develop quite naturally in Singapore soon. WANG1,318 words
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Page 6 Advertisements
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Advertisement238 1978-10-20 6 icS3& T #r iV !1» i i f »j MVP"I. *~*setns. aKi rs Hotel Royal-RAMAM Newioo Road. Singapore 11. RepuWic of Singapore Telephone *****1, Tele* RS-***** Cables HOTELAOVAL Id TERRIFIC RAMADA LOUNGE. ♦>» rC2 ♦■v- j rl>» i® At our hotspot the Ramada Lounge at the roof-top Have a cosy238 words
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Page 6 Miscellaneous
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Miscellaneous64 1978-10-20 6 IWIAT:HERI OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Report for 24 boors prior to 7Jt p.m. on Oct If at the airport: Maximum temperature 30.6 C Associated humidity 68 Minimum temperature 24.4 C Associated humidity 100 Hours of sunshine 3.35 Rainfall in millimetres64 words
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Miscellaneous197 1978-10-20 6 SINGAPORE 5 PM Opening announcements followed by Housewives's Matinee Scholar with a Halo (repeat) intermission PM Opening announcements followed by December Bride News in Brief* It's about Time* Persembahan Ku(repeat)* News and Newsreel in Malay* Sports Parade* Sonata recital* Conversation between Mr. Helmut Schmidt and Mr. Lee Kuan Yew* News197 words
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1684 1978-10-20 7 GERALD COLVERD - By GERALD COLVERD SENSATIONAL disclosures of the methods that oould have been used by fringe banks to "dress-up" their end year balance sheets during the secondary banking crisis of 1974 will be contained in a Department of Trade investigation into the affairs of1,684 words
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Article401 1978-10-20 7 AT A RECENT Singapore Fair, featuring local as well as regional products, Singapore's Risis booth was placed side by side to SingaIntimex, a Thai "follower" of the Risis idea of goldplating orchids. The SingaIntimex booth, however, had a merry dig at the more established company by401 words
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317 1978-10-20 7 A NEW SHAREHOLDER - Letter to the Editor A NEW SHAREHOLDER Dear Sir ftirrtiUtn af Slme Darby Mat have read with latere* Ike beat page aewa la yesterday's Bastaeai Tinea. Mack haa beea said abeat ehaaglag aaditors ta Sime. Few nharehaldrrs reaiise that the alttmate eaatral the317 words
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890 1978-10-20 7 LEONARD CURRY - FORPM, I m ...on antitrust By LEONARD CURRY NYT INTERNATIONAL Telephone and Telegraph's three-year legal battle to protect the secrecy of foreign government officials the company allegedly bribed is winding to a conclusion that could rock governments in Europe and Asia as much asNYT - 890 words
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Page 7 Advertisements
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Advertisement355 1978-10-20 7 f ***** _______t (II L A •> 9 w M mm Enchanted evenings in fine European tradition. Mirabelle m 5 ,7/ > :r,Tr. 1 "j 9 I i 8* All the ingredients for an enchantcd evening arc herr at Mirabelle Romantic candlelit setting with gentle music frqm strolling minstrrb Vintage355 words
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Page 7 Miscellaneous
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Miscellaneous18 1978-10-20 7 LRD»€S -PRepftce >HSpOCT»ON. STpMslo fey NOUfc TROLL£N/S s*cee bleuc N0... NO-N0.... >40 fwuftjr.!! Mow row/ Tiroes CNOST* ITetLVOU..18 words
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INTERNATIONAL COMPANY NEWS
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Article541 1978-10-20 8 NEW YORK Source: DBS-Daiwa THI? market continued bullish yesterday, centring on largecapital Issues such as chemical, steel, spinning and shipping issues..Turnover also continued heavyowrith an estimated 550 million, shares changing hands. Corporate and Individual investorv«ook an active stance In the morning session, largecapital issues opened higher on heavySource: DBS-Daiwa - 541 words
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Article371 1978-10-20 8 THE' riiarket slide was arrested yesteHlay as renewed Interest was seen for glamour" stocks such as Green Island Cement, up HKil,5 to $37.50. HK Wharf up $1 td $34 50 and HK Land, up 30 cenufttf $11.90. An /overhang of selling orders held,the market steady early on, but steady371 words
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Article385 1978-10-20 8 MOSJ" golds firmed In all othereasier market yestßday. dealers said. c &tral Norseman closed 30 cenß ud at A 514.30 while Bougainville added four cents to $1.64. BHP lost four cents to $8.42, the Bank of NSW and the ANZ lost four to $7.56 and $3.76 respectively and the385 words
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Article165 1978-10-20 8 THE market closed mixed yesterday, with oils higher while commercials and minings declined, dealers said. Turnover rose to 18.38 million pesos from Wednesday's 12.01 million. Gainers were Acoje Mining. Atlas Con B. Basic Petroleum, Oriental B. and Pioneer while losers were Bagulo Gold and Marlnduque B. Unchanged issues Included165 words
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Article205 1978-10-20 8 Oct 1* Babi Hank of Ayudhaya Ltd 274 ♦6 Thai Danu unq Thai Farmers Bank MS -2 Thai Commercial Bank 766 424 Industrial Finance Corp 2.535 -20 OeneraJ Finance 480 ♦44 Bangkok Investment 358 First Trust 448 58 Raja Finance 1.300 -30 Lee Kwang Ming Trust 215 unci Thai205 words
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Article1276 1978-10-20 8 TOKYO STOCKS retreated over a wfcto area for the third straight day on Wednesday on worries about rising interest rates, inflation and the falling dollar. Trading wma active. The Federal Reserve may have signalled further credit tightening through moves to drain reserves from the banking system. Additional1,276 words
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Article404 1978-10-20 8 Johannesburg THE MARKET was quietly easier on Wednesday, on balance due to uncertainty ahead of a statement expected on the outcome of talks between South Africa and the five Western powers concerning south-west Africa Golds generally turned softer after a harder opening trend. Mining financial* shadowed producers404 words
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Article37 1978-10-20 8 Reuter ITO-Ykado Co Ltd. said its after-tax profit came to 3.55 billion yen (2.71 billion) for the six months ended Aug 31. Sales were 233.51 billion yen (184.23 billion) and interim dividend 7.5 yen (nil).Reuter - 37 words
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Article336 1978-10-20 8 SHARE prices closed broadly lower on Wednesday In active trading The composite Index was off 9-1/2 points with declines In all but one of Its 14 component groups. Seven Indices posted doubledigit losses. Declines outnumbered advances 277 to 172. Westlnghouse Canada dropped 1/2 to 28-1/2 on lower third quarter336 words
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Article67 1978-10-20 8 financial times industrials Wednesday 494 e Tuesday 406 5 Week Ago 904.2 DOW JONES AVERAGE INDUSTRIALS Wednesday 858 87 Tuesday 866.34 Week ago 901.42 LONDON DOLLAR PREMIUM Wednesday 77 to 77', Tuesday.... 7«>. to 77 H.K.HANG 8ENG Thursday •44-4® Wednesday 633 05 Week ago 638 S5 SYDNEY INDU8TRIAL867 words
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Article488 1978-10-20 8 EUROPEAN MARKETS MOST European bourses cloaed lower on Wednesday. Amsterdam share prices closed mostly lower following the weakness of the dollar and the lower Wall Street overnight Unilever and Royal Dutch lost 0.90 and one guilder respectively. while Akso closed unchanged In Dutch internationals Elsewhere shares with488 words
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Article222 1978-10-20 8 oct ia Dm ♦A Aef-Telefunken Akxo Allz Leben Allx Vers BASF Bay H T Wbank Bay V bank Bayer BBC BMW (fcsaella Chcin Verw (Jommerzbank contl Oumml Daimler-Benz Degusaa Demag Deutsche Bank Drevlner Bank IX Texaco Dyckerhoff ST A Enka Olanxs Geisenberg OHH Ha pat-Lloyd Harpener Hoechst Hoesch Horlen222 words
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Article257 1978-10-20 8 OCT 18 Fr» COSBEILLX AirLiqulde BSNOnU) Danone C 8 F (ThomjonCtf) 374 *0 an 104.90 4-4.4 +33 -S.1 Cie Francaue Oct Pelrotei Compafnle Financier* 137J0 4-1.3 Compa«nle Oner** Credit Fonder De France 405 414 1.1 H ache tie (Libralrte) Machine* Bull Mlcheltn (B) 203 50 54 50 1380 ♦3.*257 words
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Article90 1978-10-20 8 OCT I* Fr» FORWARD MARKET Aetc 420 -11 Arb«l 2380 -10 Astur KM 16 Braacan 475 -5 Bru-Lamb ISM -10 Canpac 612 -10 Cock 430 Or Beers 204 -3 Ebea 232S Eleolrobel MOO unch Ob-Inno-Bm 2450 20 Oev 1312 -30 Hobo It 2M0 ♦JO Petro 3295 -35 Ryl Dutch90 words
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Article93 1978-10-20 8 OCT II Lire ♦A Ante -7.75 Assoc On ***** -590 Bastogi -40 Centra If 5090 -270 Flat -50 K insider 173 -4.25 Ofnlmmob ♦0.2S IFI Prl -80 Italcementl ***** -270 lUlgtLS Italsider 397 unch Magnetl M PI Mar ell I Ere 296 -10.25 Ilediob ***** 100 -65 MiraLanza Mondadorl93 words
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Article206 1978-10-20 8 OCT IS Fta ABN 386.00 -1 All old 114.00 -1.1 Akao 3110 unch AMEV 88 20 +0.2 Am fas 110 -0.8 Am rot Bank 75 90 -0.0 BctT*". 03.80 Bob 74.00 -0.3 Borsuml) 157 00 •1.1 Burtimann 72.80 -0.2 Byenkorf 86 20 -0.3 Calve Delft 173.00 ♦2.5 Del) Ml)206 words
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Article193 1978-10-20 8 oct u Francs 1 Actions Suisse* 283 unch Alusuisse Br 985 15 Alusulsae Ref 490 unch Brown Bovert Br. IMS -S Oba Oelfy Br MO *15 a bo 0*10 PC 80S 410 CI bo Oelfy Ref sse 4-1 Credit Sulae Br 2178 410 Credit Suisse Ret 414 •1 Eleklrowatt193 words
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Article1759 1978-10-20 8 October 18 CHICAGO Board Options Exchange volume eased to 173,310 contracts on Wednesday from 214,318 on Xuesday. OPTIONS OCT JAN APL STOCK Alcoa Alcoa Alcoa Am Exp Am Exp Am Exp AUR AtlR AtlR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P 40 45 M 30 401,759 words
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287 1978-10-20 9 BRITISH West Indian Airways (BWTA) has signed a letter of intent with Lockheed-California Company to purchase two longrange L-1011-500 TriStar jetliners and to place a secondbuy, or optional, order for two others. Mr.Willis Hawkins, president of the Bur bank-based manufacturer, said plans call for287 words
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236 1978-10-20 9 THE depreciation of money is to be considered the bondholder's number one enemy, says Rorento, the internationally oriented bond fund, in its semi-annual report of Aug. 31,1978. Therefore, the investment trust concentrates more and more on areas which give the greatest possible236 words
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251 1978-10-20 9 Reuter EMERY Air Freight Corporation. one of the world's leading air freight forwarders, has recently expanded the capacity of its well known Emcon computercontrolled communications system in the South Pacific. The last update took place in 1975 when increased speeds of transmission andReuter - 251 words
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Article39 1978-10-20 9 Reuter THE chairman of British Petroleum said much must be done to avoid the oil crisis. Sufficient economic incentives to invest in alternative energy sources and energy conservation are needed and governments should avoid over-regulation, he said.Reuter - 39 words
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Article366 1978-10-20 9 EUROPEAN FT Consolidated Gold Fields, an international mining and industrial group, has announced excellent results for the year to June 30. Net profit has advanced by 38 per cent to £34.5 million 25.15p per share from £25 million in 1976-77 and the final dividend isFT - 366 words
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335 1978-10-20 9 MANUFACTURE Francaise d'Armes et Cycles de SaintEtienne SA (Manufrance) is seeking to link up with a supermarket chain in order to restore the performance of its own branch stores, according to its president, Mj. Francois Gadot-Clet. Contacts have begun and will continue with several companies,335 words
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278 1978-10-20 9 N AMERICAN MONSANTO CO said its third quarter earnings were adversely affected by operations outside the United States. It said losses continued in some manufacturing operations abroad and those losses could not be offset against profits elsewhere for tax purposes. The profit278 words
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280 1978-10-20 9 MANUFACTURERSHanover Corporation reported record third quarter 1978 after-tax operating earnings of U5547.6 million, up 21.8 per cent from the same quarter last year. On a per share basis, earnings were $1.46, up from $1.27. For the first nine months of 1978, after-tax operating earnings were $136.2280 words
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124 1978-10-20 9 Reuter TRANS World Airlines Inc (TWA) reported that itsthird quarter earnings per sharecame to US$5.O3 compared with the lower figure of $4.45 for the same period lastyear. Net profit was also higher at $85.5 million ($72.63 million) on revenue of $1.04 billion. Nine-monthReuter - 124 words
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274 1978-10-20 9 Reuter CITICORP said it had foreign exchange income in the third quarter of US$9.4 million compared with $16.6 million last year, and $42.2million, in the 1978 nine months compared with $4.6 million in the same period last year. The 1978 figures Include an unspecified amountReuter - 274 words
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133 1978-10-20 9 Reuter PAY talks between BOC International Ltd and union representatives were adjourned until November 1 following a company promise to improve on its 7.7 per cent pay offer for 3,000 employees in the gases division, a union spokesman said. Union officials now expectReuter - 133 words
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57 1978-10-20 9 Reuter BARCLAYS Bank International will open an offshore banking unit in Bahrain on Oct 15, its parent bank, Barclays Bank Ltd, announced. The branch will provide wholesale, corporate and related international buiness services in noo-Bahrain! currencies, and is the 14th foreign exchange dealingReuter - 57 words
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Article39 1978-10-20 9 Reuter BROOKE Bond Liebig has announced pre-tax profit of £44.72 million (£49.33 million) for the year to June 30. Sales were lower at £756.2 million (£769.15 million) Earnings per share at 8.34p (12.77p) before extraordinary items. ReuterReuter - 39 words
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148 1978-10-20 9 AFP AUSTIRAN Ltd, the company formed to ship Australian meat to oil-rich Iran, has been placed in the hands of a receiver-manager at the request of the company's directors. Directors of Austlran made the request to the company's bankers and 373 per cent shareholder,AFP - 148 words
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Article99 1978-10-20 9 Reuter MOUNT Isa Mines Ltd (MIM) said it has raised its price for copper, equivalent wirebar basis cif main Australian ports, to A 51,280 per tonne from 11,260 effective immediately. Meanwhile, its copper and silver sales volumes rose in the first 12 weeks ended Sept 24Reuter - 99 words
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Article34 1978-10-20 9 Reuter DAE-EI Inc announced an after-tax profit of 2.91 billion yen (2.45 billion), for the six months ended August 31. Sales 456.77 billion yen (430.99 billion), and interim dividend 7.5 yen (same).-Reuter - 34 words
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Article257 1978-10-20 9 ASIAN AUSTRALIAN National Industries (ANI), the engineering, motor vehicle and investment group, has acquired all the issued capital of Container-Care of Hongkong through a Hongkong subsidiary. Container-Care claims to be the largest individual repairer of shipping containers In the world, while ANI points out that257 words
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287 1978-10-20 9 BRITISH PETROLEUM company of Australia suffered a shrap set-back in the six months to June 30 when earnings more than halved, from A513.76m (5534.5 m) to As6.6m (Ssl6 sm) The actual trading profit dropped from Af6.Sm to A 1630.000 but the share287 words
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Article124 1978-10-20 9 GENERAL Oriental, Sir James Goldsmith's Hongkong-based investment vehicle, has announced a substantial increase in its net assets, which analysts regard as a prelude to share-financed acquisitions by the company in the near future. General Oriental said its wholly-owned subsidiary. Maidenhead Investments (Holdings), had agreed to124 words
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Page 8 Advertisements
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Advertisement142 1978-10-20 8 MITSUI TRUST Beacon of Progress Now at Shenton Way The Only Japanese Trust Bank Office in Singapore. We are Japan's oldest trust bank and commend a key position in the Mitsui Group. Our services ere worldwide in scope. We have the research capebility, e worldwide network and the best of142 words
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Page 9 Advertisements
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Advertisement65 1978-10-20 9 owsm wmm A "SCOTSMAN' Home Ice Cuber for your family A "JETSPKAY" Coin Operated Coffee Machine for your office staff A Twin "JETSPRAY" Juice Cooler for your factory workers. These dispensers and many other items ore available ex-stock from the commercial kitchen equipment specialists. (S) PTE LTD 72 Jalan Benaan65 words
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DEALS DONE ON THE SES AND KLSE
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Article1362 1978-10-20 10 HID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1.000 units unlesc otherwise specified. All Time Settlement Cotyracts are quoted alter thClprd •sett." 84*. Board deal (In1,362 words
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Article72 1978-10-20 10 4 V 4% iwn (290.000) (99 MB 100 00S) 5* T F l/VHJ (250.000) < 100.158 100.308) 5 V 4* T F 1VM144 290,000) (202.408) 7 1/4% 11/19/ M (250.000) (100.75B) 7 1/4% 11/4/ M (250.000) (100 798) S 1/2% T F IWJ7 290.000) (100 558) 7 1/4%72 words
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Article46 1978-10-20 10 C and C (Dec $4.40) (1.258 1 455). Inchcape (Dec $1.65) (0.178 0.275). Pan Electric (Dec $1.50) 0.238 0.335). Prima (Dec $2.30) (0.418 0.565). Semb Shipyard (Dec $1 30) (0.268 0.365). St Steamship (Dec <2.20) (0.448 0.595). U O B (Dec 13.10) (0.788 0.855).46 words
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Article151 1978-10-20 10 SING APORE UNIT TRUST INCOME BOND UNIT (Nut|cn' price tar Oct») (Carnal pt teas) 107 The Commerce 229 2 43 Income Bond 1.13 The Saving Fund 1.44 1.53 S pore Prog Fund IOC 1 12xd S pore Sec. Fund 193 2 05 S pore Invest Fund 1.36 1.43151 words
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Article2453 1978-10-20 10 tr m re Low Company Last Sale +orGr's DW Dhr Crr Gr's Tld Net P/l Vat Day (*888) High Lew .V »w.' SECTION ONE INDUSTRIALS 1 132 Acma 123* Alcom 112 Allied Choc 133 BAT 195* Bata 60* Ben 162 Berjaya Kawat 173* Boustead 140* Bousteadco 2562,453 words
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Article1522 1978-10-20 10 HID and offer prices officially listed and business In and reported to the Kuala l.umpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unles* otherwise specified. INDUSTRIALS At ma (3.408). AJlnama9a (3.708 2.905). Alaam (1.908 1.945) (1) 1.941,522 words
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Article338 1978-10-20 10 THE US Department of Agriculture (USDA) said expanded global livestock production and competitive prices for US corn are expected to result in corn exports of 1.9 billion bushels in the 1978/79 season, 100 million bushels above previous estimates but 50 million below the upward338 words
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Article, Illustration696 1978-10-20 10 GAINS were newM across a wide fraat m the Btsek Euhtage sf Sagapar* yesterday la w sf Ike best rallies noted la five weeks. Valsme, kmw, remalaed serisasty lacUag and was atiil eaaAaed la •elective issues. Having taken a beating all these weeks, the kails continued696 words
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Article623 1978-10-20 10 Share prices headed slightly higher in quiet trading on the Kuala Lumpur Stock Exchange yesterday following a fairly firm opening. Trading activity throughout the day, however, was conducted in a generally undecided mood. Buyers were quite hesitant to chase prices, while sellers stood fairly623 words
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COMPANY NEWS
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Article, Illustration952 1978-10-20 11 MANO SABNANI - Third hotel to offer shares to the public this year By MANO SABNANI YET another small hotel company, the Grand Central is aspiring to get itself listed in the fast expanding hotel sector of the Stock Exchange of Singapore. This will make it952 words
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Article497 1978-10-20 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year B Katil 5* Sept 29 Oct 11 Oct 21 25% 25%(u) B Katil 10% I Sept 29 Oct 11 Oct 21 10% 25%(v) KLK Deb '.yr int. Oct 6 Oct 18 Oct497 words
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Article211 1978-10-20 11 Company Particulars Ex Date Books Close Temertob Bonus Issue of 1 for 6 Oct 6 Oct 18 MBS Bonus Issue of 1 for 5 Oct 16 Oct 26 Harimau Rights Issue of 1 loan Rolhmam stock for 2 ord shares Oct 17 Oct 24 Bonus Issue of 1211 words
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Article, Illustration683 1978-10-20 11 AMBITIOUS diversification schemes are all too often the prescribed panacea for companies whose traditional business is in the doldrums. But such forays into unfamiliar ground often serve only to tie up much needed funds, and years can go by before any equitable returns are derived683 words
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Article239 1978-10-20 11 CONSOLIDATED Plaatv tfeas Ltd: EOGM to be held at the Regent Hotel, Jalan Imbi, Kuala Lumpur, at noon on Oct 20. Jafcaa Tla Dredging BM: EOGM to be held at Amanah International Finance Bhd, Room 405, Kompleks Antarahangsa, Jalan Sultan Ismail, Kuala Lumpur at 3.00 p.m. on Oct239 words
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Article140 1978-10-20 11 AMANAH Saham Mara Nominees Sda. Bhd. a sabaldlary of Kompleks Kewaagaa Malaysia Btod. has set aside MfLS milIlea aa loaas to ladtvtdaal hamlpatra members, eompaalea or cooperatives for parehaaiag Mara shares aad for general parpaoea. Kompleks Kewaagaa Malaysia Bhd ehalrmaa Eacik Abdal Ghalar Baba said140 words
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LATEST RESULTS
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Article36 1978-10-20 11 Unaudited pre-tax profit MJ503.286 ($460,742) for six months ended June 30. Sales $4.43 million ($2.91). Interim dividend 6 per cent (nil) less tax, payable Nov 30 to shareholders registered on Nov 10.36 words
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Page 11 Advertisements
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Advertisement270 1978-10-20 11 A*J» Here's good news from Canon, if you thought that your office copy volume was too low to justify investing in a plain paper copier. The Canon NP-50 is a compact, high performance plain paper copier that will fit the budget of any active office. Solid state electronics and integrated270 words
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666 1978-10-20 12 JOHN LIM - By JOHN LIM THE Singapore Employers' Pfedtration must make Hffcptrial safety one of the mrtor objectives of its effort* in the future. enterprise has bettk accepted as the inslnanent for rapid economfc development, but the (Mil for profit must be tampered by666 words
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279 1978-10-20 12 ARRANGEMENTS for export credits need to be tightened, extended and improved to prevent their escalation and reduce retaliation risks, said the US Assistant Treasury Secretary Fred Bergsten. He told a press briefing in Brussels that the US is suggesting extending some arrangements with major279 words
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Article90 1978-10-20 12 INTERNATIONAL technical experts will meet in Singapore next week to discuss the latest in mineral resource exploration in Asia. The 15th session of the United Nations Committee for Co-ordination of Joint Prospecting for Mineral Resources in Asian Offshore Areas (CCOP) will meet here from next Tuesday till90 words
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Article, Illustration277 1978-10-20 12 THE oil and aircraft industries are most likely to generate the type of business bankers are looking for in the region. This is indicated by increased activity in both industries recently. Drilling activity in particular has picked up in Indonesia and Malaysia, and277 words
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Article759 1978-10-20 12 LONDON, Thurs Share prices closed mostly steady after slack trading today, dealers said. At 3 p.m., the Financial Times index was up 1.4 at 496.0. The day's lack of interest was attributed to investors holding back ahead of UK Chancellor of the Exchequer Denis Healey's speech tonight possibly759 words
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375 1978-10-20 12 COLIN CHEE - By COLIN CHEE THE Singapore branch of Japan's second largest commercial bank has returned to the Asian dollar market with a US$2O million floating rate negotiable certificates of deposit issue. The FRCD by Fuji Bank's offshore office here went on the market yesterday. Invitations375 words
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Article318 1978-10-20 12 Reuter THE WORLD tin production deficit is getting smaller arid supplies appear to be reaching a balanced situation. International Tin Council (ITC) executive chairman Peter Lai said this but added that current statistics should be treated with caution as forecasts in the past have proved to beReuter - 318 words
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608 1978-10-20 12 Agencies FORMER Federal Reserve Board chairman Arthur Burns said he would not be surprised if the US budget deficit went up to US$lOO billion (Ss23o billion) or $125 billion in the event of a recession. Speaking at a conference on inflation sponsored by IllinoisAgencies - 608 words
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Page 12 Advertisements
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Advertisement145 1978-10-20 12 tjtm 111 Efficiency Plus Office furniture says a lot about the efficiency of the business it belongs to, its management and its people. Diethelm office furniture transforms dull offices. With impressive coordinated managerial suites and executive desks and chairs. Secretarial set-ups and typing trolleys. Filing cabinets and custom storage units.145 words
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Advertisement85 1978-10-20 12 i W ho dares t() put A white wine in a black bottle? BLACK IOWLK! classic w h 11c u ire trom Ciernurn presented in an (■•i igir.il biac k hi»tt !e. Black I i Has a distinctive st\ lc and charadcr which makes it ilist riL'hi to drink .lilt85 words
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SHIPPING TIMES
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PORTSIDES
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Article121 1978-10-20 13 READING and Bates Drilling Company will name its newest oil drilling rig "Ron Tappmeyer" this Sunday at Singapore's Marathon LeTourneau Shipyard. The rig, valued at US$25 million(Ssss million), is the seventh to be built for Reading and Bates in Singapore. It will be named by Mrs.121 words
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Article118 1978-10-20 13 A FOUR-MEMBER Pakistani delegation led by Mustafa Gokal, Minister for Shipping, Ports and Export Promotion, was to leave for Tokyo yesterday to finalise terms and conditions of a Japanese offer for the Supply of US$25O million(Sssso million) worth of ships to Pakistan. An official announcement said118 words
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Article40 1978-10-20 13 SEATRAIN Lines has dropped its plans for a merger with Bates Manufacturing. Its proposals were rejected by the board of Bates and the American shipping line said it had no intention of making an additional offer.40 words
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541 1978-10-20 13 THE EUROPEAN Community Commission wants to control shipping between the nine EEC countries and eastern United States, Eastera Africa, Central America and the Far East, a spokesman said on Wednesday. The Commission's plans, to be submitted to the Community's Council of Ministers541 words
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Article155 1978-10-20 13 UPI SHIPOWNERS' prospects looked bright for the winter months as charterers stepped' up enquiries for period employment. Of particular interest in this respect was Bunge's fixture of a 71,000 tonner at U556.75 (FIO) for six to seven consecutive grain shipments from the US Gulf to Europoort, commencing earlyUPI - 155 words
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Article59 1978-10-20 13 AFP FINLAND will help Vietnam build a ship-repair yard under an agreement signed in Hanoi on Wednesday between the two countries, the Vietnam News Agency reported. It said the agreement was signed by Nguyen Ngan Pho, departmental director at the Vietnamese Foreign Ministry, and Wilhem Breiteinstein,AFP - 59 words
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Article476 1978-10-20 13 Shipping P*ge CM. Aconas m 2 ACS n 5 Afea IV 2 Alpac IV 5 ANL i 1 APL m 2 Anhsing n 5 Arya Nat n 5 ASCL m 5 Angkutan m 4 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben Asia m 3 Ben/EAC m476 words
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Article, Illustration55 1978-10-20 13 THE Ant at fear maltiparpde ships wdewd by NedlUyd LJaes left the Part of Luiw reeeatty aa her miWii voyage ta the AnUu/Pcnha Gmlf recently. The NedUayd Baltimore (pic tared shave), claimed ta he aae at the largest maltt-parpaae vessels afloat, carries heavy lifts, caataiaers, refrigerated earga aa55 words
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Article181 1978-10-20 13 COLLISION and grounding of ships have caused great anxiety among shipowners, users, and marine insurers, as well as environmentalists. Collision avoidance systems, most of which are very complex, cost as much as US$lOO,OOO (*****,000) or more. While such systems are cost effective for large vessels, the181 words
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3673 1978-10-20 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 of3,673 words
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Article117 1978-10-20 17 The major shipping consortia opg* ating between the Far East/Eurqpg and Straits ports/Australia and thg 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 Lines117 words
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Article939 1978-10-20 18 Bz RECEIVING OF EXPORT FCL CONTAINERS 1 AND LCL CARGO AT CONTAINER TERMINAL KB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change K Z (2) All export FCL containers and LCL cargo must be delivered to the939 words
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Article859 1978-10-20 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line Aconas Sdn. Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Ahli Shipping- Sharjah. Alfred C. Toepfer LineIn temodal. Algerian National Line (CNAN) —Unipacific. Alpac Line—Intraaea Anhsing859 words
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707 1978-10-20 18 NYT AFP A UK Parliamentary committee, in a report published on Wednesday, said Britain was unprepared to deal with any big oil tanker disaster, or the pollution it caused. The English Channel coast, it said, is virtually unprotected. The committee had investigatedNYT; AFP - 707 words
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Article, Illustration565 1978-10-20 18 Lloyd's List A FEW months ago, the C. Luhring shipyard in Brake surprised shipbuilding experts with the news about the development of a new oil recovery vessel. In the meantime, Luhring completed with success a series of model tests for the twin-hull multi-purpose vesselLloyd's List - 565 words
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Article, Illustration345 1978-10-20 18 EXPECTED ARRIVALS TODAY PASIR PANJANG WHARVES Deli ma 109 0700 601—660 TB Gdn 301 Hoe Hing 0600 after Sri Phensinn 778—879 CB2 Gdn 302 Homgdar 1500 after Southern Strainer 887—988 CB3 Gdn 302 Htoneywa 0600 after Kota Benar 1215-1281 CB7A Gdn 303 Kota Pahlawan 0600 after Kota345 words
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Page 13 Advertisements
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Advertisement324 1978-10-20 13 Scan Dutch Fast and Regular Service To/From N.C. /SCAN/W.MED./U.K. Singapore: Tel. *****. Port Ketang Tel *****1. Kuala.Lumpur Tel. *****, Penang: Tel ***** <•» .1 RDIM A \l AH Orient Overseas Co4iiame/i Line TO EUROPE (WA 1 sua ma in vnncn im OCMLBt rut 13H acvxn hue lm IDTIKKMIIfI 13/11 15/11324 words
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Advertisement293 1978-10-20 13 SEALORD ANTAH fm UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE! S pore Loading for a Dubai (11/11). A. OhatM (14/11), Doha (16/11), Bahrain (18/11). Damn (20/11), K«t (22/11) 9/11 Muscat (20/11). Dubai (22/11).293 words
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Advertisement434 1978-10-20 13 Nedlloyd Lines Regular Liner Services To/From Alt Parts of the World. Singapore: Tel *****, Port Ketang: Trt. *****1. Kuala Lumpur Tet *****. Pen*v T« ***** MAERSK LINE For U S Pacific. GuMS Atlantic and East Can«da (Also FULLY CONTAINCMZEO FAST DIRECT WEEKLY tor Hongkong Taiwan Japan and Korea) IMPORT FROM434 words
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Advertisement738 1978-10-20 14 FULLY CONTAMERCED TO EUROPE Keafkeai tiprm lam Mn tahahr Kjantsi Mm 4/12 6/12 28/12 30/12 1/1 3/1 EXPRESS CONVENTIONAL TO EUROPE ]>n PJMmi Pm Bftae Gam tfWj Hum Man Antwp F«mHI 24/10 25/10 11/11 24/11 22/11 18/11 20/11 km 17/10 13/11 20/11 24/11 16/11 11/11 Mbh 26/11 27/11 14/12 25/12738 words
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Advertisement291 1978-10-20 14 kun IMS J»3O F«k 3 F* U F* 13 7"^ A.13-H 7-S/ll 15-1 10/1 a-M/U 10.11/11 1M H-a/w 27-24/11 12-13/12 29-a/ll 14-15/12 3*42/12 15-17/12 3-4/12 11-19/12 1-2/1 4-4/12 19-19/12 22-23/12 24-21/12 4-4/1 54/12 14-21/12 14-17/12 9-11/12 22-24/12 22-24/11 24-31/12 1 5*4 I 4-4/11 22 24/1 W/L W [iPBfSS ARABIAN IRANIAN291 words
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Advertisement471 1978-10-20 14 U.S.A./ASIA Em iliW TIGER V WRECT SERVICE TO MD-EAST DRY/REEFER CONTAINER SERVICE TO DUBAI, BANDAR ABBAS, DAMMAN, MUSCAT, DOMA TEHRAN, ESFAHAN, JEDDAH VSL Arrives/Departs C.F.S. CLOSES 5.00 PM LEADER VOO6 oct w/oct 31 oct x ADVENTURER VOO4 nov U/is NOV 13 iOTH FLOOR HONG KONG BIDG 16 RAFFLES QUAY SINGtPORfc471 words
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Advertisement725 1978-10-20 14 Everett Lines LINE' AffONtiHS Do m B Willill mrnm+mmAs. a.CJIP. "ARGENtINE NATIONAL LINE" i NCVNR OK FT/21 Od B.F.S.S.C. Agents m Malaysia: TEPS MALAYS# Port Kdai* Tel (38) 7355 Penang Tel. *****/***** r.MT 18/20 Nw* WmSI TroosportooeN Meritiroo Mexicana S. A. "MEXICAN NATIONAL LINE" V F« ust/WKO a cam* mu725 words
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Advertisement678 1978-10-20 14 o SANKYO LINE 1 25/27 OCT 23/24 OCT 29/31 OCT 31/31 OCT 3/24 OCT SYD. 9R. MEL 1/31 OCT SYD. MEL MIL 3/ 4KM DARWIN, ran 13/15 NOV STD. MEL. ADEL BANGLADESH SERVICE GDOM.MOIT& CONTMC* OOORMG LQM> AGENTS P KELANG 11/12 NOV 9/19 NOV CMTTMONS, CNRUM OCEAN SMPfMG t ENTERPRSES678 words
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Advertisement550 1978-10-20 15 u wvl< »o 'v t *rw i ,t i'l Bii< li*> I QCC Overseas Containers Limited 1 senna ro i/canwiT: Cartga* Rat 4 Ok t Ok 21 Mr C*y [M»l* 10 0« 11 Ok 31 0* lm|i Ham 17 Ok 5h CONTMOS* soma FROM UK/CONTROT It Oct l« >B 22550 words
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Advertisement844 1978-10-20 15 GRANARD LINE 1 fa n kerf P <»< -rr GRANARD SHIPPING AGFNCIES (S, PTE LTD Tel *****77 i 5 Lmesi JMERO^RESIDENUMS J STRAITS EXPRESS CONTAINER SERVICE LM«« h>llMT«t.MCMrtM4MpMtoky m Lw«iU|i Lh kpln, la Fraackc* mt SaaMb Siurat P. Mmi Uh«al*» M/M Urf (DtadO OHd) P.ROOStWLT 31 Oct (23 Oct) 29Oct844 words
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Advertisement713 1978-10-20 15 FT^> BEN LINE CONTAINERS onos contrskr am to/mm bmok true B HOW* row HM re BMOK S tore P MM* W 6tnoat*/Atdnt Aatatrp fra IMak) M bR »/ll U/tl U/U 1«. bmm »/m u/m a/u 22/11 a/11 a K#HUpmi Sl/M 17/11 11/11 a/U (25/1 ImllN 4/11 t//U 27/11 a/U WU713 words
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Advertisement480 1978-10-20 15 Scan Dutch *9 AINER SERVICE VIA SUEZ VESTBOUNP TO MEP/UK/ ONTIWENT/SCAHPINAVU Ndir Ito" P Want Spore 1) Msedts 2) (hUn, 3) Mb. Sport 1) koto J) fttwn 3) «W| 4) Gbntf 21/11 i/u vu ivu i2/u 31/11 12/11 11/11 M/U 21/11 1/11 21/11 21/11 21/11 M/U M/U S/12 7/12 »/12480 words
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Advertisement437 1978-10-20 15 GUTHRIE BOUSTEAD AGENCIES THE BANK LINE LTD. SINGAPORE *****4 PT KELAMG *****1 KUALA LUMPUR ***** 1 PENANG *****1 REGULAR ■BOTOOfT SERVICE lOf Vl AOIVOSTO* FESCO LINES FESCO STRAITS PACIFIC LINE FOR: men SOUTH MB KITH KBT S pott P Mar* Penant T'imik Kuantan Wl L XOTITNEVSOT Oct 21/24 SM Od437 words
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Page 16 Advertisements
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Advertisement918 1978-10-20 16 K LINE 8 KAWASAKI KISEN KAISHA. LTD HimMßlilHmi— m *2 by CmUm TO EUROPE S pore P Wang L Havre H'burg Bremen ITdam A»erp (MENTAL OD 11* fkMB CI 5Nn 11 Nn 12 Nm 13 Nm IS Nm M COKTWO 12W Oct 21 Oct 15 Nm 17 Nm It Nm918 words
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Advertisement816 1978-10-20 16 U.S.A./EAST CANADA SERVICE acceptwg fa na can was fwm penang. p. kelang. trm Lu*« tar m YORK. CABBOL MIMNE (M Life mtf) KMFOU Pfwnf B«ta«an P Ketang Singapore PRADESH (MBA a SO) 27/ a Oct 29/31 Oct 11/ 2Hn 3/ 5Hn E C. GREAT LAKES SERVICE nnu. m m MCNIMM816 words
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Advertisement827 1978-10-20 16 NEPTUNE ORIENT UNES LTD •FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE J Sparc P. Mba| S ton Havrt H*kwg ftrtn IT dam aam f hM aoa 7mr in» unr uhuh. Ml COMTMO... 20 Oct 20 Oct 13 Mr IS Mm 17 Br II Mr II Mr ama. 2MR «MR 20MR827 words
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Advertisement768 1978-10-20 16 MALAYSIAN tNTfHNATHJNAI SHIPPING CORPORATION UPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA NEST ROMMh Feeder t Um| «bm Sport 1) Mjetfes 2) Mm 3) H"bw| 4) Uwr( ELUMOM faM IMOM 21/18 J/11 4/11 10/11 12/11 HtMEBCA 21/11 *MH 11/11 U/U 17/11 M/ll 21/11 HHMCQCik 4/U TOrm 1/11 21/11 K/11 2S/11 M/ll768 words
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Advertisement658 1978-10-20 16 f INTRASEA (PTE) LTD. fabot House 234t Orch.jrd Ro.tC Telephone 2 3526' 1 135-3o^~ KGULM NXPOOENT SEM/FVU. CONTARO SERVICE TO EIMOPE S (OR P Mum r«l«| Im*| IK smoawcm nw 2toct imr itm?hi»ia.w, ■m» M2l (Ca* *9) J Hn S M*w*r, I4m H bnt( W»3 27 Mm 23 Mm «4an658 words
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Page 17 Advertisements
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Advertisement241 1978-10-20 17 SHIPPING SUMA a COPENHAGFN LINE EXPRESS SEMI-CONTAINER SERVICE TRANSIT 21 to 24 DAYS ANAMELMGHT •117 SUMA *123 1/11 1/11 24/11 2/12 21/11 12/11 lt/U 1/12 It/12 12/12 DIRECT SERVICE FOR WOOD PRODUCTS S'pra P. IMauPwmt R'fa* Antap. Nrapcrt £jfej GOLDEN COII Wll4 22/10 25/11 20/10 30/U 4/12 1/12 «TUWII« 10/11241 words
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Advertisement310 1978-10-20 17 g Seatrain Full Container Service to USA Ffnom I Vessel STORE MOimva. S*atra* 20/10 Cmart 22/10 V.55 21/10 $ufc* 20/10 frtacetae 30/10 V.135 OM LA BW E/C 31/10 18/11 10/11 22/11 25/11 7/11 25/11 23/11 20/11 2/12 Full Container Service from USA Mono vs. e/c au om un Roan STOK310 words
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Advertisement254 1978-10-20 17 ALFRED C. TOEPFER LINE REGULAR SERVICE TO MEDITERRAICAN PORTS OF ITALY, SPA*. FRANCE S parc P. Ketar* Drscturpnt Ports OBOUSSMN MABEN \24 Oct hi Pari Li Spew Salerno. Mont ate one Naptei, Trieste, Venice DESPIM 25 Oct fcddah BURDEKM SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP I U K. ACCEPTING254 words
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