The Business Times, 8 November 1978

Microfilm: NL9922
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 WEDNESDAY, NOVEMBER S, IRS SOCENTS
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  • BRIEFLY...
    • Article
      Relief fund
      61 1 THE Pioneer Industries Union, the Singapore Air Transport Workers Union and the Singapore Industrial Labour Organisation have raised about $292,000 for a special relief fund for industrial accident victims, following the Spyros disaster. The donations were mostly from members of the three unions and more is expected to
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    • Article
      Lock icon Fuel jack-up
      63 1 AFP LONDON, Tues The drop in Iranian oil exports has led to a significant rise in fuel rates at Rotterdam and elsewhere, following months of glut, shipping dealers here said today. Marine fuel has gone up by more than 12.5 per cent and the Financial Times reported that
      AFP  -  63 words
    • Article
      Lock icon Indira leads
      68 1 Reuter NEW DELHI, Tues. Mrs Indira Gandhi took a clear lead tonight in a south India by-election that could bring her back to Parliament as national opposition leader. The Press Trust of India (PTI) reported from Chikmagalur that Mrs Gandhi, Indian Prime Minister for 11 years until her
      Reuter  -  68 words
    • Article
      Kit Siang guilty
      61 1 KUALA LUMPUR, Tues. The Malaysian High Court today found Opposition leader Lim Kit Siang guilty on five charges of breaking the Official Secrets* Act and fined him M 515,000 or 41 months in jail, in default of payment. Sentence was deferred pending an appeal and Mr.Lim, who
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    • Article
      Lock icon Bakers strike
      91 1 AFP LONDON, Tues. Some 26,000 workers at the main British bakeries today went on strike for an indefinite period in support of a 26 per cent pay claim. Long queues formed for the little bread available in the shops. The major bakeries supply 70 per cent of the
      AFP  -  91 words
    • Article
      Lock icon EEC optimism
      64 1 Reuter BRUSSELS, Tues. Business confidence has shown a definite recovery in several European Common Market countries, the market's Commission said today. Latest business surveys show that Common Market industrialists now expect higher production and their order books have improved. Production has grown in the past few months in
      Reuter  -  64 words
    • Article
      Lock icon Dow Jones
      64 1 AP NEW YORK, Tues. The stock market continued broadly lower this morning amid concerns over high interest rates and the possibility of an economic slowdown next year. Half an hour after the opening the Dow Jones average of 30 industrials was down 7.45 to 807.43, and declines outdistanced
      AP  -  64 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      122 1 Rises Most Active Bouataadco 226 +6 H Par 519,000 401,000 151,000 8 Finance St Steamship Ming Court 356 266 227 +2 +2 +2 S Darby M Credit UOB Siffma Metal 142 +2 145,000 H Royal 139 +2 Total Turnover: 3.53m Spore Class Bolton Allied Choc 172 171
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    • Article, Illustration
      In Kuala Lumpur
      152 1 Falls Most Active Petaling T Cement S Mai Tin N Iron Ajinomoto Toshiba 750 290 1060 610 260 450 -40 -30 -30 -25 -22 -20 H Par 403,000 S Darby 347,000 M Credit 170,000 Consplant 103,000 Total Turnover: 2.31 m Total Value: MJ5.55 m Rahman Hyd Wearnes
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  • Article
    Ambitious plan for Asean labour
    711 1  -  SLOTS IN YARDS, CONSTRUCTION... By RONNIE LIM SINGAPORE needs about 8,000 skilled Thai workers currently to fill slots caused by a tight labour situation. The deputy director general of the Thai Labour Department, Mr. Chalong Wongsa, who revealed in Bangkok the magnitude of the recruitment
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  • Article
    MALAYSIA MAY LIFT DUTY AND SURTAX ON LOGS
    227 1 THE EXISTING import duty and surtax on timber logs into Malaysia may be removed to ensure a steady and sufficient supply for wood-based industries. Malaysia's Primary Industries Minister, Mr. Paul Leong, reported yesterday that the Government was given active consideration to the
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  • Article, Illustration
    Citibank is still number one asset-wise
    926 1  -  By JOHN LIM CITIBANK remains the largest commercial bank in Singapore for the second time last year, despite a drop in its total assets. Oversea-Chinese Banking Corporation, however, headed the list on earnings, with an 8.8 per cent rise last yfear. The four largest
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  • Article
    KLSE to extend trading hours from Nov 20
    151 1 TIB KUALA Uanr gt**k ffrrttoy JKLBE) by kw IM Ml la mi NMuetant £T, Mm SMsitrs Sl*|»p«rc wklek hai -r J Mai trmm famr bear* to Ov* tT\ Mk| hmi will be the MB* M tk«H h 8h(»■we, (tan wffl be m
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  • Article
    Government's third tranche stock issue unlikely
    449 1  -  ■y QUEK PECK LIM WITH less than seven weeks to go before the end of the year, indications are that a third tranche issue of government registered stock for 1978 is becoming less and less of a possibility. Current indications are that the government
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      34 1 whatever you need in menswear, get it at... MOHAN'S DEPT. STORE (PTE.) LTD. 321. Orchard Road 1M *****22 (next to Mandarin HoM) Branch: KH.TigHn Shopping Cmtm TW *****40 Daily 9am-9 pm SEE PAGE 5
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      Page 1 Advertisements Column 2
      64 1 BIRKART FREIGHT NEWS SIMPLIFY YOUR EXPORT ARRANGEMENTS AND SAVE COSTS THROUGH BIRKART'S LCL AND FCL CONSOLIDATION SERVICES FROM SINGAPORE KUALA LUMPUR PENANG HAMBURG ROTTERDAM SOUTHAMPTON LONDON HONGKONG AUSTRALIA For rotes and further details contact: Birkart Southeastatia Ptt. Ltd. Suite 1004, CPF Building, 79 Robinson Rood, Singapore 1 Tel: *****66 (6
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      Page 1 Advertisements Column 3
      4 1 SHIPPING TIMES 322H TV
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      Page 1 Advertisements Column 4
      229 1 »JI ■Ml.« > O t f L J:;nis: "Olivetti lets me ply my business where the money is." 1'- ZZ Mr Eugene V K Chteng. General Manager. Forescom Plywood Bhd Kuchmq "When I was a Finance Officer some ten years ago, I knew all about the benefits of the Olivetti
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  • TRADE AND INDUSTRY
    • Article
      Lock icon Big hush over Aussie diamond find
      175 2 AFP AUSTRALIA'S diamond exploration has recovered 966 diamonds from one pipe at its prospects in the west Kimberley region of west Australia. The largest stone weighed 4.7 carats but characteristically Conzinc Riotinto of Australia (CRA) is reporting the finds with considerable restraint. The latest
      AFP  -  175 words
    • Article
      Danger of Australia given the go-by
      766 2 THE FRASER Administration has been warned of the possibility of Australia being by-passed as a trading partner by Asean and the EEC if the two regional groupings were to ever conclude a bilateral trade package fulfilling each other's requirements. The warning came from Senator
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    • Article, Illustration
      Singer's $2,100 gift to science
      33 2 IB SDfGBt C-m—m el Skpim Md Mkkyumjm rnt.\JmSi («i%lS«ii pietuv) IMb Is EHrr^E Tie flmto 4 the SctaM Centre, Mr. B. S. MiatfcaMleft), whs n> cenfce's farther iwilip
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    • Article
      Lock icon Opic has mapped out possible Asean projects
      292 2 AFP MEMBERS of the visiting mission of the Overseas Private Investment Corporation (Oplc) from the United States have Identified several areas for bftestmeut and business cooperation? its deputy leader Richard Stanley add yesterday in Kuala Lumpur. He aid at a luncheon hosted for
      AFP  -  292 words
    • Article
      Lock icon Insuring US firms in Philippines
      273 2 UPI THE PHILIPPINE government is willing to negotiate with the United States on an agreement insuring American investments against political risks, a published report said yesterday. The risks could cover rebellion, war, insurrection and expropriation in the Philippines, now in its seventh year of martial
      UPI  -  273 words
    • Article
      ADB loans
      27 2 THE ASIAN Development Bank yesterday announced a U5531.74 million loan (about Ss69 million) to Malaysia for a water supply project in Johore, Perak and Trengganu.
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    • Article
      Lock icon Sanyo, Sharp to produce TVs in America
      196 2 UPI iWO leading Japanese electronics firms plan to produce colour television sets in the United States. Mr. Kaoru lue, president of Sanyo Electric Co. of Osaka, said his company will start production of colour television sets by the end of next year. Production
      UPI  -  196 words
    • Article
      Extra textile quotas allotted for Berlin fair
      213 2 THE BOARD member of the AMK Berlin (Company for Exhibitions Fairs and Congress Ltd.), Dr. Busche,' and some representatives of the Berlin government wilf {participate in the coming Skal Conference at the ShangriLa Hotel from Nov 11-17. AMK Berlin is the body responsible
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    • Article
      Lock icon Tourism cooperation
      50 2 Reuter BURMA and China have agreed to cooperate closely to develop international tourism after recent talks in Rangoon between a Chinese tourist trade delegation and Burmese officials. The Chinese visited Mandalay, Pagan and Taunggyi prominent Burmese tourist spots. Two-way tourist flow is expected to reach 10,000 next year.
      Reuter  -  50 words
    • Article
      UK industry can meet S-EA needs
      240 3 BRITISH industry is equipped to meet every aspect of South-east Asian needs and British products, design and technical standards are completely compatible with those of the region. Disclosing this yesterday was Mr. Kenneth Edwards, chief executive of the British Electrical and Allied Manufacturers' Association
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    • Article
      P. Carigali in offshore talks
      218 3 PETRONAS Carigali Sdn. Berhad, the exploration and production wing of Petronas, has held negotiations with Oceanic Petroleum Company on the future of its contract area off the Kudat Peninsular in Sa bah litis is the second negotiation- entered into by the Petrornas' wholly-owned subsidiary. The
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    • Article
      Lock icon Duty-free shops
      63 3 AFP THE Tourist Organisation of Thailand is planning to open several duty-free shops around Bangkok to help draw more foreign visitors into the country. Under the plan, tourists will either purchase the items at duty-paid prices and receive a reimbursement when they depart the country, or they may
      AFP  -  63 words
    • Article
      Lock icon WAREHOUSE MOVE
      88 3 Reuter BRAZILIAN Coffee Institute (IBC) president Camillo Calazans said he will be looking into whether it will be worthwhile keeping IBC's Hongkong warehouse in operation. Mr. Calazans leaves Rio de Janeiro at the end of this week for Hongkong and will call at the Canton trade fair before
      Reuter  -  88 words
    • Article
      MEMO PAD
      415 3 COURSES AND TALKS Oct 16-Dec 18 (every Monday): A detailed study of reinsurance and its role in the conduct of insurance business, srrc, srrc. Oct 25-Nov 17: Business law, SIM, SIM Oct 31-Nov 9: Introduction to organisation and methods, PSA, PSA Central Training School. Nov 2-14: Personnel guidelines
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    • Article
      US Exim Bank chief on two-day visit
      180 3 THE HEAD af the US Expert-Impart Bask arrived la Wappiw last night a tw day vHt aa part at his Asiaa taw. IJa "M a VVHI HIWIT| pW dent aad ehairmaa af the baak, will meet gaverameat efllelato aad brief Amerieaa haslarwnif here.
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    • Article
      Lock icon Building firms hit it big
      120 3 AFP SOUTH Korea is expected to clinch more than US$4 billion (5512.4 billion) worth of contracts for construction work abroad this year, it was reported in Seoul yesterday. About 80 Korean construction firms are at present working in 27 countriesthroughout the world. So far, the
      AFP  -  120 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      280 3 MR. RICHARD WEDEN, resident vice president, South-east Asia/Subcontinent, of American Card Division has annomcedjheappototownt of his aucceaaor, effective immediately. Mr. Roxwadowski, 31, a French national, was director of marketing »««< aalea of the Card Division in Paris for two years prior to his arrival in Singapore last
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    • Article
      Need for recipient to be prepared
      620 3 TRANSFER OF TECHNOLOGY THE successful outcome of a transfer of technology to developing countries depends on the existence of a small but competent and capable core <m people on the receiving end. said a senior executive of the Swedish telecommunications firm of LM Ericsson.
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      192 2 If your employees are only insured against death and disablement, who's helping you pay and accidents '-■'VX'i K JL W 3 n *1 jA r w r w a b: ■*r 1 The Overseas Assurance Group Personal Accident cum Hospitalisation Policy for employees. Now, here's a very generous yearround 24-hour
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      Page 2 Advertisements Column 2
      0 2 -:;$'"*"$$+</^>{+{"|&\|,]`/:"![
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      619 2 CRYPTIC PUZZLE ACROSS 1 Something pretty silent, maybe (6) 7 Providing money so as to finish up In debt (8) 8 Anne Boleyn's trunk (4) 10 Author who tackles wrongs? (0) 11 Oo to bed and get weary again! (6) 14 In practice, it's quite a B?rformance (3) ig as
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      Page 3 Advertisements Column 1
      785 3 I How to avoid suffering reduced profits following a fire 'jm] n 19T7 damage to property in Singapore totaUed nearly million. This was only a mere fraction of the real loss to the business community. Fire insurance is not enough. Fire insurance only covers loss caused by the Maze. Even
      785 words
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      Page 3 Advertisements Column 2
      2 3 Le><tr»Jm I
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      321 4 THE Singapore rubber market closed lower with November One RSS buyers quoted at 258.00 cents per kilo, down 2.75 cents from Monday's close, dealers said. Morning prices were marked down 1.50 cents on lower London advices and lack of buying interest and some stale bull selling,
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    • Article
      RAS PRICES
      339 4 Prices In cents per kilo yesterday: Noon (per kite! Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 257.00 258.00N Int. 1 R.S.S. November 258.25 258.75. Int. 1 R.S.S. December 264.25 264.50 Int. 2 R.S.S. 252.50 253.50N UK/Coat. 251.50 252.50N Int. 3 R.S.S 249.50 250.50N UK/Com 248.50 248.50N Int. 4
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    • Article
      SSR and SMR
      97 4 NOON SSR awl SMR price* yeaterday: Q (Cm ktMfl M Mtfc) i Mhn r—j Mtfc) (eei ■taper kg) SSR 20 (1-ton pallet) 242.00 244.00N 244.50 246.50N SSR SO (1-ton pallet) 240.00 242 00N 242.50 244.50f MRELBDecern ber January SMR5CV (1-ton pallet) 274.00 276 00N 275.50 277.50N SMR
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    • Article
      Closing prices
      30 4 Rubber: Nov 7 Singapore: November: 258.00 cents (down 2.75 cents) Malaysia December: 263.75 cents (down 2.75 cents) Tin: M 52,068 (-$l7) Official offering: 177 tonnea (down 28 tonnes)
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    • Article
      Rice
      188 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne FOB but* Bangkok) WMto rtoe: 100 pet Ist claa 366, 100 pet 2nd claa 340, 100 pet 3rd claw 396, 5 pet 328, 10 pet 306, IS pet 300, 20 pet 296, S pet unq, 36
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    • Article
      Produce exchange
      351 4 INTEREST in the Singapore produce market yesterday picked up a little as the United States dollar, the principal trading currency, headed towards some sign of stability in the international market. There were more inquiries being received from European and American buyers for pepper witt a few small deals
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    • Article
      Hongkong Comex
      164 4 THE SUGAR futures market yesterday closed little changed in continued quiet trading, with six lots traded against four on Monday, dealers said. Prices were about 0.05 U% cents higher, while the day's daily spot sugar price was 0.15 lower at 8.70 cents. Sugar futures closing prfcts:< t3sMag Pitvtisi
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    • Article
      Palm oil
      66 4 C.IT. North European ports. In U8 dollars per ton unless otherwise stated. LONDON: Malaysian 5*ffa bulk per tonne January Sumatra 5% ffa bulk November December January February March/ April Nigeria 5% rfa bulk st« RU11BJKDAM: Sumatra Max S November Zatre<Belg francs per kUo) Monday unch 63Qpd OTJOpd S7J0pd
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    • Article
      SPOT PRICES
      186 4 YARN and cotton in Hongkong dollars. spot ex-godown: Cattea yarn: China Blue Phoenix 20k 2,130 3* 2,740 40k 2.940 (per bale of 400 lbs). rises gssds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq, Flower and Butterfly unq; Ftytn? Geese unq (per piece 36
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    • Article
      Straits tin
      201 4 THE Strata tin price in Penan g yesterday dropped MJI7 per picul to S2,MB, still SMI above the International Tin Agreement ceiling, dealSflitiiiNflt turned following the lower Inndon. despite a smaller volume of tin metal delivered. Total turnover fefl to 177 tonnes from 105 tonnes on Monday. Continued
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    • Article
      Coffee
      76 4 IN London on Monday, robust* futures closed about steady. £5 down to £2 per tonne up from Friday. Turnover was 008 lots InrhwHwg nine options. In the ressle market, unwashed Ugandas were quoted at £1,500 per tonne for Nov/Dec shipment Arabics futures traded four lots in near Dec at
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    • Article
      Sugar
      142 4 RAW sugar values closed £0.15 down to £IJO per tonne up and turnover totalled 3134 lots in London on Monday. The London daily raw price was unchanged at £106 and the whites price was up £2 at £111 per tonne reflecting the tone of physicals. In the morning raw
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    • Article
      Cocoa
      197 4 TERMINAL coco* retreated from aeaha highs la late Monday afternoon in London partly against Newport, to close with losses from Friday of £1 to £13 per tonne. Turnover totalled 1594 lots instituting six options and 514 lota crossed. The morning market was higher by an average £4 after opening
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    • Article
      Soybean
      66 4 SELLING from nearly all sides caused soybean futures to plummet near the claae in Chicago on Monday and post final declines of US 16-1/1 to 7-3/4 cents a bushel. Soybean product futures closed at or near their lows after plunging in sympathy with soybeans. Meal ended dowh USJ4.IO to
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    • Article
      Wheat
      57 4 WHEAT futures slipped into the loss column again by mid st is ion in Chicago on Monday, after several contracts briefly shed opening tones. Prices stood 1/4 to 2-3/4 cents a bushel lower in trade described by brokers as spotty. Wheat futures plunged on heavy late liquidation to clone
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    • Article
      Copper
      172 4 COPPER wirebars rone by £4.5 all round in London on Monday. The afternoon market hovered around the higher levels on modest covering prompted by the •relative steadiness at New York, dealers said. Three months traded upto £784.5 in the ring and touched £785.5 on the kerb before profit-taking trimmed
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    • Article
      Zinc
      65 4 ZINC was up £3 for cash and £4 far three months in London on Monday. During the afternoon the market held around the £30 level for three months on light short-covering. The morning market attracted covering ifrit some continental physical demand and reports of increasing tightly in the concentrates
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    • Article
      Silver
      108 4 SILVER on the LME was up 1-3 to 1.8 pence per troy ounce In London on Monday. The afternoon market reversed the mornii* trend as modest covering took three months upto 303.8 pence on the kerb. Morning prices gave ground following the trend in gold but after trading down
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    • Article
      Lead
      56 4 LEAD gained £2 all round od Monday in London. Afternoon values were very steady initially but softened later under scattered profittaking from £434 down to £430 for three months. On the morning market covering against continental physical demand, fresh and chart buying pushed values back to the recent highs
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    • Article
      Gold
      386 4 THE KILOBAR la gngapore yesterday opened at Ssls,063, and cloned lower at $15,016. The high-low trading range for the day was $15,100/15,014. The market remained quiet Spot gold for London delivery .opened at UStQUO/fI3JO and cloned steadier at US$2l2. •/JO. The high was USSm.OO/ 214.10 while the low touched
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    • Article
      Aluminium
      40 4 ALUMINIUM was up LI for three months at from £809.5 to £610 IN London on Monday. The afternoon market attracted light covering upto £01 on the kerb. Morning values fluctuated around previous closing levels in quiet and featureleas dealings.
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        422 4 THE US dollar was traded down against major currencies on the foreign exchange mankt yesterday, as there was k holiday in New York and the dollar was not supported much. Opening at 189.75/85 against the yen, the US dollar was sold down one way to close at 188.95/10
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      • Article
        Asian $ rates
        196 4 Asian rates ASIAN cufrency deposit Interbank rates as at close on Nov 3: US DoUantSaoO Offer Bid "Jdays 10'• 10 1 month 11 7/16 11 5/16 2 months US/16 113/16 3 months 1113/*****1/16 6 month* 1113/*****1/16 9 months 1111/*****/16 12 months 1111/*****/16 1 month 3 months 6 months 12 months
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      • Article
        Discount
        50 4 Range of price* offered by di«CM*t bouses oa Nov 7: Ovenifkt 3 Call deposit* 3 CUmog B.r«« SeBiM 3 month Treasury bills S 3*« 3 month Bank bills 6 13/16 6 11/16 3 month CO 7 3/16 7 1/16 6 month CD 7'. 7'. Source: National Discount Co Ltd
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      • Article
        MLR
        21 4 THE avertfe rate at which Singapore banks are currently prepared to lend to their best customers is 7.5 per cent.
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      • Article
        Hongkong
        100 4 THE US dollar eased from closing levels in the US overnight in fairly quiet trading in Hongkong yesterday. ahead of the day's New York market closure for election day. dealers Mid. It feu to a late IJTTO/M marks from California's 1.9626/15 close and its 1.*06/» opening in Hongkong. Hie
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      • Article
        New York
        214 4 THE dollar closed marginally weaker from opening levels in New York on Monday, although firmer than Friday's closing quotes, in quiet trading ahead of the election day holiday yesterday, dealers said. They said the dollar traded quite steadily, in contrast with last week's hectic activity, with no new
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      • Article
        London
        287 4 THE dollar in London yesterday was broadly easier in line with the trend in Tokyo and Hongkong in quiet trading with few developments expected, a holiday in the US. dealers said. Small commercial selling of dollars, notably against marks, put slight downward pressure on the dollar, with no fresh
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      • Article
        Tokyo
        241 4 THE US dollar for overnight delivery in Tokyo yesterday closed lower at 180.10 yen, compared with a 190.00 opening and 180.40 at Mooday's dose, dealers said. Dealers said the Bank of Japan bought an estimated 40 million to US$5O million in late trading at 189 JO yea and at
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      • Article
        Australia/NZ
        31 4 AUSTRALIA/NZ exchanges quotes yesterday: US feUar USM-I.MI IfcrN tJWM.STa Hi rata SMrttagMNß USiMKnIM tarwaiS hajrtag riMl: US (toUars 115® Tiiint tartug uxtae USMttIM/UM alnMll iMytec ntas: US Safer I.IM Y
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      • Article
        Zurich
        39 4 ZURICH exchanges closing quote* on Monday: US LI Ml II SiUMHOI Cu l.*H-«li9 Dmk M.MMW dti mmxrm Ftr MJtm II BtrVSlCl-Wi okrajn^n Nkr II —I H aansmmm LHO.UM-1M Am acfc 11JT7-OM P#rt ÜB3-5191 «[»t. <" Arf 117-27 Yh ojumm
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      • Article
        Frankfurt
        44 4 FRANKFURT exchanges opening quotes yesterday: US IMB I .NIO Can 1 6255 75 Sir 3.754 7«4 nn«« cd Sfr 115.47 77 ljl 2.X V PTr 44 W 111 Nkr 37 <3 73 Bft con *33 90 Bfi fin (133 173 Yni 1 MOB
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      344 4 The LIFE] Library Of Photography a t j The Life Library Of Photography Each volume measures 10'Ia x 10'/< inches (26 x 26 cm). Hard cover, silver stamped black cloth binding. 240 pages. Approximately 300 illustrations, many in full colour. helps you to see great picture possibilities -all around you...
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  • OVERSEAS
    • Article
      Lock icon PanAm beats 'cheapest' fare by more than half
      507 5 NYT IN THE latest sally in tbe fierce plane-Care competition, Pan American World Airways said on Monday that it will offer a US$99 (about *****) round-trip bargain rate between New York and Los Angeles starting next Wednesday. The fare, less th»n half
      NYT  -  507 words
    • Article
      Lock icon Workers reject BOC pay offer
      339 5 Reuter VOTES received so far from about one third of BOC International's 46 depots indicate massive rejection of the company's 8.5-per cent pay offer to its 3,000 drivers and cylinder handlers, according to the national secretary of the Transport and General Workers Union, Mr. John
      Reuter  -  339 words
    • Article
      Foreign aid agency
      32 5 PRESIDENT CARTER will propose a reorganisation of US Foreign Aid programmes into a new Federal agency when the next Congress convenes, Agency (or International Development director John Gilligan said.
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    • Article, Illustration
      THE LONG-RANGER TRISTAR
      94 5 LOCKHEED'S ieag-raage LI9U-6M, iewe»t member ef the TrlStar family of Jetttnera, bi begu (light testiag operatives prior to the start of eemmerdal service m the reatos sf British Airways la May aext year. Tbe aircraft, pewered by three Rolls-Royce RB2II-5248 tarbefaa eagiace, is seea here ea a
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    • Article
      Lock icon Bullish mood prevails among US consumers
      787 5 Reuter AMERICAN consumers are a lot more bullish about the economy than the stock market and many plan to spend more on cars, houses and major appliances over the next six months. The Conference Board, a non-profit economic research institute, said in its latest
      Reuter  -  787 words
    • WORLD IN BRIEF
      • Article
        INTEREST IN AIRBUS
        527 5 CHINA'S Minister for Machinery Construction and the Air Industry, Mr. Lue Tung showed close interest in the European Airbus when he paid a five-hour visit to the Bremen VFWFokker airspace plant yesterday. The wings for the Airbus are assembled here. The European consortium that builds the airliner
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    • Article
      Carter has more energy laws in the pipeline
      358 5 PRESIDENT CARTER, who is expected to sign the Energy Bill tomorrow, is preparing another series of legislative initiatives aimed at helping the US to cope with its complex energy problems. The Department of Energy (DOE) said the new legislation is in the
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    • Article
      Lock icon U.S. STEEL PLANS PRICE HIKE
      134 5 Reuter THE UNITED States Steel Corporation, largest of the American steelmakers, has announced that it plans a price increase next year but not in excess of President Carter's guidelines. Company president David Roderick said that the price increases are necessary to offset higher costs. He
      Reuter  -  134 words
    • Article
      Lock icon Carter is keen on seeing EMS take off
      162 5 AP TIE CASTES AM*Eaiapaaa mm*mrj aye•aai will werh, aai cw> fUrti »k*it H tr«B Trtmmty afllftala h mat pehey, a BMb nifilMiwl aflletol PrMMwt Valery Glewi HEMto Fnaee Mi Chaaaalleg Bctawt flrfcMlt af TTm! fliaawj have aha to laai hi r ECU*'
      AP  -  162 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      602 5 ARRIVALS Service Local Operator Nuaber Time Proa CPA CX710 1005 HLP GIA GA980 1090 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL SLA SQ209 10C HLP MAS MH605 1045 KUL THAI TG981 1050 BKK GIA GA944 1055 PKU GIA GA908 1100 MES UB UB231 1115 RGN
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      Page 5 Advertisements Column 1
      115 5 SIN TAT J Call us fc vou. I m onward rese'vot.ons Rent a Car SINGAPORE AiPPOP" V> TEL *****S f\ -\V CITY TEL 23SS6SS This announcement appears as a matter of record only LEMBAGA LETRK NEGARA TANAH MELAYU NATIONAL ELECTRICITY BOARD OF THE STATES OF MALAYA 35,000,000 Malaysian Ringgit Medium
      115 words
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  • Article
    That's sound thinking, Senator Sim
    374 6 AT TIMES when emotions cloud sound thinking, it is always encouraging to hear a voice of dissent. The person who has the courage to oppose the majority is also often the most rational of them all. Senator Sim has clashed with the commonly accepted view,
    374 words
  • Article
    Know-how transfer is a two-way traffic
    211 6 MR. HAKAN LEDIN probably speaks with the authority and experience of a practitioner of long standing when he says that the key to the successful transfer of technology depends on the existence of a small but competent and capable core of people on the
    211 words
  • Article, Illustration
    Protection in electronics is wafer thin
    846 6  -  By JOHN TAN SINGAPORE'S electronics industry, which has expanded rapidly in the last three years, has shifted towards the manufacture of components. This will make the industry as a whole more resilient towards protectionist sentiment in the industrial countries. In the long-run, the strength
    846 words
  • Article
    Lock icon CARTER FREEZES THE PRICE OF HIS BARRELS OF ENERGY
    613 6  -  By LEONARD SILK NYT WE CON9DEB higher prim part af the mMIm to the eaergjr preh lea rather thaa put af the prahThat wh the haiuMhl emam AmemUy, Mbwhg a baNay praUnt af New ftrk Uatvenlty ■ai hiawt Menl fwgy adaatototrator.
    NYT  -  613 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      244 6 A w W 19 am ri m,. ISPS >•.. Hotel Royal-RAMADA 'Future Generatk>n' Newton Road, Singapore 11. Republic of Singapore Telephone *****1. Telex RS-***** Cables MOTELROYAL NF M;{h 1 Sandemarfs Cream Sherry You don't have to pay a high price for a good Cream Sherry. Another quality product from 8»
      244 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Report for 24 boors prior to 7M p.m. m Nov 7 at the airport: Maximum temperature 31.5 C Associated humidity 70 Minimum temperature 23.9 C Associated humidity 100 Hours of sunshine 7.65 Rainfall in millimetres 0.2
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      244 6 SINGAPORE 5 PM Opening announcements followed by The Beverly Hillbillies Do You EHy Take This Frog? (Repeat)* Diary Of Events (Malay)* Bonanza Warbonnet* Intermission Opening announcements followed by Petticoat Junction Valley's New Owner (Repeat)* News in Brief* Timang Tinggi Tinggi (Malay—Repeat)* Candid Camera* News and Newsreel in Malay* Play A
      244 words
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  • Article, Illustration
    Lock icon The world steels itself now for higher production
    1974 7  -  Steel that product basic to so many industries may be crawling out of its recession at last. But steel-makers, come recovery, will find the world of steel radically different from before as Third World countries will have a profound effect upon steelmaking
    FT  -  1,974 words
  • Article
    STRAWS IN THE WIND
    375 7 WITH SIME DARBY ao much In the news, there are lots of rumours around this one from Malaysia states that Stme wanted a building of its own in Malaysia, but dld~noF want to apend the money. So it went to the Employees' Provident Fund and aaked
    375 words
  • Article
    Thoughts of Teng turn China to modernisation
    994 7 from I ...on Chinese economics b 4 CHINA, the mysterious Middle Kingdom last month celebrated National Day, marking 29 years of Phirwy communist rule. Those years were also some of the most deliberately isolationist of any nation in modern history, writes Ma Taa.
    994 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      323 7 New Japanese Restaurant KlKU^ft serving authentic Japanese food Ir|>f\in \ikki Icmfxjfj Shashimi *Sciki\aki *Shaixj Sf\ilxj KIKU JAPANESE RESTAURANT OPCHIDINN Te-' 5? T t 2'4 Dunearn Roacl S' n gapore 11 </' f 7 y .i* v« rv i You'll feaa like royalty at the Rang Mahal. Palace of Colour*. On
      323 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      36 7 NOT SO FP»ST, joses .71 FifiST Uje HOMOUR OUR. conraiTrr>eH-rs Tl priotoW :.FraxJtl)icteaS PStcs FoR. I'm do^ To T vC mpCMirC swop to set BefcT MP.WK.WS ,Tne FIKmS DOCTOR TFvir NCC UOfcK, &£RT ycxig sop.. d
      36 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Bullish trading
      642 8 TOKYO THE MARKET continued its rise yesterday. Interest was centred on export-related blue chips and pharmaceutical issues due to buying by institutional and Individual Investors. However, stocks In general stopped rising In the afternoon, as Investors became cautious In reaction to the recent sharp rises. In the morning
      642 words
    • Article
      Manila
      103 8 NOV 97 Pesos Acoje Mining 0098 -0 0002 Atlas Con. A Atlas Con. B 18 80 -0 8 Bagulo Oold .0106 -0 0005 Benguet Con B 31 00 -0 75 BF Goodrich 24 00 unch CDCP 28 00 -0.75 Inco B Landoll Lepanto B 2490 -0 005 Marlnduque B
      103 words
    • Article
      Bangkok
      269 8 THE STOCK market yesterday closed mixed In active trading, the Book Club index rising 1.73 points to 210.83 on turnover of over 740 million baht. Raja Finance again led the rise, advancing 200 baht to 2,000, M** l Boonkrong rose 50 to 1.428. Duslt Thani 44 to 408 and
      269 words
    • Article
      Sydney
      227 8 NOV 07 CenU INDUSTRIALS A.C.I. unch A.N.I. unch A. P. M unch Ampol Pet unch B H. P unch Bank NSW unch Boral -1 Brambles -4 C B A. unch CSR -4 Coal Allied unch Ounlop ♦2 Ex Ind -5 Herald Hooker -1 215 -9 Lend Leaie -S Myer
      227 words
    • Article
      Lock icon Hongkong
      434 8 Source: FM SHK Sec Ltd THE MARKET fell dramatically yesterday breaking through the (possible) support levels around 045 as Interest rates were raised yet again. Overnight rates were raised to 10-1/2 per cent which signalled a wave of local margin selling with rumours of an extraordinary exchange banks' meeting.
      Source: FM SHK Sec Ltd  -  434 words
    • Article
      Jo'burg
      383 8 GOLD shares were mixed with an easier bias following an easier opening on bullion price Indications on Monday, dealers said. Selected shares picked up on some small local and overseas Interest In later trading however. Producer losses ranged to 225 cents while gains were limited mostly to marginal and
      383 words
    • Article
      Selected Indices
      48 8 FINANCIAL TIMES INDUSTRIALS H.K.HANG SENG Monday 475.4 Friday 472.4 Week Ago 484.4 DOW JONE8 AVERAGE INDUSTRIALS SYDNEY INDUSTRIALS Tuesday 457.98 Kn 11 Mnnrlay fn Week ago 811.85 Week ago 451.73 LONDON DOLLAR PREMIUM ALL ORDINARIES Tuesday 540.11 Monday 541.M Friday 771/2 to 78 Week Ago 531.00
      48 words
    • Article
      Frankfurt weakens
      147 8 EUROPEAN] MARKETS I FRANKFURT share prlcea weakened amid continued concern about currency market* and Uie situation tn Iran, dealers said on Monday. Deutsche Bank led major banks lover with a 4.00 mark fall. Deutsche Babcock fell 6.50 marks and BBC dropped seven marks. Against the trend. Lahmeyer rose
      147 words
    • Article
      Frankfurt
      212 8 Aef-Telefunken Kit .1 Akao MSO -0.3 785 *3 A1 li Vers ...Ml +1 BASF 136 M -12 Bay HTWbank ...313 Bay Vbank 323 -6.5 Bayer BSC 138 30 -2.3 ...307 -7 BMW 224 30 -3 Paurlia «10 Chem Venr M7 -J Commmtank 230 50 -1.5 Conli Oumml MM -1
      212 words
    • Article
      Paris
      252 8 *0—UM Alr-UouXJe BS N Oervaii M 4-a DMMBO CSriThoouonSW unch CM) 376 -1 CM Prancalae dnPvtroM 137.TO -1.1 ComptfnK Financier* Compaonte Oenerale m. M -0.5 Credit Ponder DePrance «M Hachette (LI brain*) 290 •1 Machine* Bull M -0 5 MkcheUn (B) 1943 Parlba* in -0.2 Pechlney Clglne 00.40 -0.9
      252 words
    • Article
      Milan
      98 8 NOV M Lire Anlc +3 25 AaiocOen MOM* -380 Bastogl -J On true -79 r»t -30 Flnsider -225 Oenltnmob 76 25 -I IFI Prl 2445 •rt IUtcenvrnU ***** -230 IU1(U 740 •0.5 lUteider n« 25 -3 75 M Pf 4(2 5 i Marrlli Ere 253 -J MrdioC ***** -480
      98 words
    • Article
      Lower and slower
      870 8 NEW YORK BTOCKS declined In slow trading u Investors continued to worry about rising interest rates and persistant inflation on Monboost in the bank prime rate to 10-3/4 per cent became industry-wide and analysts said further Increases In the rate are likely D-J industrials lost nine points
      870 words
    • Article
      Toronto
      176 8 SHARE prices on Monday ctoaed lower in response to a bank rate Increase and a (lump on the New York market. Volume was light with 2.404.149 shares traded sgalnst 3.502,148 shares on Friday. The composite Index fell 10- Cnts and losses outpaced pans almost three to one. The pipelines
      176 words
    • Article
      Brussels
      91 8 NOV M Frt FORWARD market Acec ...its +1 Arbed 2230 10 Aslur 712 -2 Br&ican 465 Bru-Ltmb 1510 -10 Canptc we Cock 411 De Been 1S9 -2 Ebes 2320 ♦5 EJectrobel #910 SO Ob-lnno-Bm 2440 unch Oev 1314 -2 Hobok 2S&S ♦20 Pelro 3345 -5 Ryl Dutch 1645 -s
      91 words
    • Article
      CHICAGO BOARD OPTIONS
      1737 8 Nov 6 CHICAGO Board options exchange volume eased on Monday to 101,201 contracts from 122,512 on Friday. OPTION JAN APL JLY STOCK Alee* Alcoa Alcoa •Alcoa Am Exp Am Exp Am Exp AmTil Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank
      1,737 words
    • Article
      Zurich
      190 8 NOV H Francs Actions SuMes 268 unch Alusulsae Br 1015 20 Alusulsae Rtf 450 8 Brown Bovcrl Br 1535 10 Clba Oetgy Br 975 10 Clba Gelgy PC 755 15 Clba Otto Reg Credit Suisse Br 585 12 2170 10 Credit Sutia* Reg 418 ♦2 Elektrowatt Br 1765 5
      190 words
    • Article
      Amsterdam
      217 8 NOV n» ABN +JS Ahold unch AkIO -0.1 AMEV +0.3 Amfaa 1.3 Am rot Ban* 76 50 0.3 56 00 0 5 Berk WW -2 Bol* .7170 1.1 RonumlJ 152 10 -1.9 Burtimunn 71 30 -0 2 Byenkorf 94 00 -1 Oal*e Delft INN ♦0 6 DellMIJ 118 00
      217 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      245 8 9>" When this anthology of 36 lively stories from The Asian Wall Street Journal was first published in February, it sold out in a matter of weeks. And no wonder. It's a book the Far Eastern Economic Review called "compulsory reading a kaleidoscope of the many facets of Asia." Now
      245 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Mobil foresees 2-cent rise in gasoline prices
      649 9 r N. AMERICAN MOBIL Corp expects gasoline prices to rise about two cents a gallon on Dec 1, the date oil companies are allowed to pass through higher costs by the Department of Energy. Company officials told security analysts the price increase, coupled
      649 words
    • Article
      Ranger Oil plans public offer in US
      447 9 RANGER OIL (Canada), of Calgary, in which British investors hold a major stake, plans a public offering in the US and Canada of 1 million new common shares. The company now has about 8.6 million shares outstanding. The terms of offer have not
      447 words
    • Article
      New law affects Chase, Citicorp accounts
      288 9 THE TWO largest New York Citicorp and Chase Manhattan, are to offer customers interest-bearing current accounts under a new law which President Carter is expected to sign Aortjr. Both banks mid that they would not now be offering customers a system of automatic transfer
      288 words
    • Article, Illustration
      Decca has grim news
      453 9 SIR Edward Lewis, chairman of Decca, warned shareholders at the annual meeting that group profits will be below last year's level of £12.3 million pretax. Decca's ordinary shares fell sharply by 20p to 440p, while the "A" shares dropped 22p to 418 p. Although Sir Edward
      453 words
    • Article
      Unilever bond at par
      104 9 BONDS&LOANS d THE 100 million French franc, seven year, 10 per cent bond for Unilever USF Investments Ltd was priced at par, lead manager Banque de l'Union Europeenne said. In Frankfurt, the Council of Europe 130 million mark 6-1/4 per cent Eurobond has been priced at
      104 words
    • Article
      Kockums talks on state takeover
      523 9 EUROPEAN KOCKUMS, the Swedish shipbuilding and industrial group, had a pre-tax loss of SKr 174 million before extraordinary items for the first eight months of the year and confirmed that it has opened negotiations with the Ministry of Industry for a state takeover. Mr. Olafur
      523 words
    • Article
      Lock icon Poseidon talks on relisting
      317 9 r ASIAN Reuter POSEIDON Ltd (receiver and manager appointed) announced it is preliminary discussions with the Adelaide Stock Exchange with a view to applying for relisting of the company's shares. This will be dependent upon the withdrawal of the receiver/manager .appointed by the Australian Industry Development
      Reuter  -  317 words
    • Article
      Lock icon Power shortage hits Atlas Consolidated
      128 9 Reuter ATLAS Consolidated Mining and Development Corp. of Maaila has reported that their lower third quarter earnings resulted from a power shortage with lower than average grade ore mined. Company president Jose Soriano said that in order to remedy the government power shortage and to
      Reuter  -  128 words
    • Article
      Lock icon Philippines-Cities
      115 9 Reuter PHILIPPINES-Cities Service Inc, operator of the first commercial oil discovery here, said the drilling rig "Ron Tappmeyer" has been temporarily reassigned to drill exploration well Matinloc number one about 50 km north of the Nido production area. The rig was to drill the first three production wells in
      Reuter  -  115 words
    • Article
      Ashton diamond venture report
      536 9 THE next progress report on the exciting Ash ton diamond exploration venture in the Kimberley region of Western Australia will be issued by next Monday. TUs is announced by Conzinc Riotinto of Australia as manager of the project with a stake of 52.6 per cent. The
      536 words
    • Article
      JAPANESE ELECTRICALS REPORT MIXED RESULTS
      744 9 JAPAN'S major telecommunications equipment, I electric machinery and computer makers reported mixed results for the halfyear to Sept 30 as government agency spending buoyed up sales but the export market grew more difficult. Toshiba Corporation made a strong showing in the halfyear as a result
      744 words
    • Article
      Go-ahead for British participation in European Airbus
      497 9 BRITAIN will invest up to £250 million by 1983 in the European Airbus Industrie group. The government accepted the Franco-German agreement that Britain can Join the group to help to develop the new A-310 air craft. The agreement is to be embodied in
      497 words
    • Article
      ÜBS expects downturn
      142 9 UNION Bank of Switzerland rounded off a gloomy results season for the big three Swiss banks in the third quarter of 1978. Third quarter operating earnings at ÜBS were lower than in the two earlier quarters of this year, and as a result the bank now expects
      142 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      101 9 You might well ask? And it's not what you think. It's minicomputers, that's what. From Perkin-Elmer, the minicomputer company you're hearing more and more about. Our machines are called Interdata minicomputers, one of the biggest sellers worldwide. And they handle just about everything your company could need, from sales invoices
      101 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1165 10 BID and offer pneas offlcl*l>T IHM and business In and reported to the Block Exchange ot Singapore yesterday with tlx number of Mum traded (Down In brackets In lota of 1 .MO unite unless otherwise specified A" Time Settlement Contract* are quoted after the word "*ett" B*C Board
      1,165 words
    • Article
      Government bonds
      162 10 4 1/2% 1/VM (250.000) (M.458 W 60S) 4 3/4% IVI/M (250.000) (00.858 100 008) 1% IS/4/SI (250.000) (M.858 100.108) t r i/s/n (250.000) (ioo.isb 100.308) > 3/4% T r IVC/81-84 250.000) (102 008) 7% 11/4/ M (250.000) (100.SOB 100 058) (1) 100.90 7% 1/8/84 250.000) (100.708 100 858)
      162 words
    • Article
      Stock options
      260 10 BTRIKINO prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown in brackets. COLD STORAGE (DEC--12.30) (0.188 0.285) HUME F E (DEC-HJS) (0.318 0.395) INCHAPE (DEC-f1.65) (0.118 O.ISS)
      260 words
  • Article
    Unit trusts
    146 10 SINGAPORE UNIT mi WT INCOME BOND UNTT The Com mere* far N* 2.27 2.41 (CiimI prima) U7 1 The Saving Fund 142 i.a Income Bond 1.11 S pore Prog Fund 1.03 lOSxd S pore Sec Fund 1.91 2 03 S pore Invest Fund 133 1.41 MABA WMPUHU FUND
    146 words
  • Article
    SHARE INFORMATION SERVICE
    2426 10 4 1978 High Low Company Last Sale +«rGr's Dtv Dtv Cyt o*« YH Nat P/B Vol Day ('•M) High Low SECTION ONE INDUSTRIALS <272 '238 '178 "219 275 111 278 326 245 *660 132 Acma 123* Alcorn 112 Allied Choc 133 BAT 195* Bata 60 V« Ben
    2,426 words
  • Article
    In Kuala Lumpur
    1430 10 [UD and offer prices officially isted and builntu in and reported to the Kuala Lumpur Stock Exchance yesterday with the number of aharee traded shown In bracket* In lou of 1,000 unite unteee otherwise specified. INDUSTBIALB AJMMti <1) IN. ami (LHi). aim mm (MM). ■Ml (S TO*).
    1,430 words
  • Article, Illustration
    Liquidation on stoploss selling continues
    630 10 LIGHT MfaMftttM M heard «r?he*Stoek Ex* rhsnge af Slags p« re yesterday. Investors and speemlaton were generally balding ad far want af Incentive In denl. This waa clearly reflected In the nenr eamplete absence af dealing an the settlement beard. As sneh, Ike market was
    630 words
  • Article
    Lack of support sends prices downwards
    595 10 SHARE prices on the Kuala Lumpur slock market yesterday weakened amid continued concern over worldwide implications of an imminent recession in the US following President Carter's anti-inflation measures. Buyers were withdrawn while sentiment was aggravated by further liquidation and turnover rose to 2.31.million units
    595 words
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  • COMPANY NEWS
    • Article, Illustration
      Guinness (M) drinks to bumper results
      1066 11  -  By DAVID CHOW IT WAS a cup of plenty for Guinness Malaysia during the year ended last Aug. 31, and bumper gains were distilled from the continued popularity of its famed Irish brew. Guinness chairman, Mr C.A. Wood, notes in the annual report that
      1,066 words
    • Article
      Malaysians to own 52pc
      402 11 KILLING HALL Tin Bhd., a new company arising from the proposed reconstruction of UK-based Killinghall Tin Ltd which has been operating tin mines in Malaysia for the past 40 years, will be 52 per cent owned by Malaysians. In a document to shareholders, KT Ltd says
      402 words
    • Article
      BUY AND HOLD
      375 11 AN INVESTMENT la Galaae« takes mom IS years kgi will make yam a rich maa May, toadtag trrtawe to the age•M phUaaphy that eae at the heal ways to make meaey la the stock market la riaply to bay aad haM. If eae had strack a lattery
      375 words
    • Article
      DIVIDENDS ANNOUNCED
      418 11 Current Ex Books Date Total for Total for Payment Date Close Payable tke year Previous year AuM Amal 50% Oct 10 0ct20 Nov 7 80% 80% 10% 417% 12' %TE 12'.% 18';% hem Ind(FE) 10%(b> Oct 23 Oct 27 Nov 7 10% A Milam Tin 150% Oct 10
      418 words
    • Article
      SCRIP ISSUE
      178 11 Company Particulars Ex Date Book* Close Pub. Hank Bonuilssue or 1 for 4 Nov 6 1 Nov 16 (iuinni'MK Bonus Issue of 1 for 2 Oct 25 Nov 7 Nov 17 T. Omen! Bonus Issue of 1 for 5 Nov 8 1' SuK'rs Bonus Issue of 1 for
      178 words
    • Article, Illustration
      Central Sugars announces one-for-four bonus issue
      542 11 SHAREHOLDERS of Central Sugars who may well be disappointed by the marginal rise In profit (or the year ended June 30, 1978, should be encouraged by the announcement of a proposed bonus issue of one-for-four. At the forthcoming «nnn»i general meeting, the directors will
      542 words
    • Article
      COMPANY MEETINGS
      226 11 MALAYAN Baaklag Berka4: AGM to be held at 92. Jalan Bandar, Kuala Lumpur at 12 noon on Nov 14. Saw Darky HaMtags LM: AGM to be held at the Regent Ballroom, The Regent Hotel, Kuala Lumpur at 12 noon on Nov 17. Traelert Malayria BM: AGM to be
      226 words
    • Article, Illustration
      Sea View Hotel goes on-line
      211 11 SEA VIEW Hotel hat elded to computerise its operations in the hope of providing better and more efficient services to its guests. Perkin-Elmer Data System (Par East) has been commissioned to install the system. Installation of the computerised hotel management system is now in progress
      211 words
    • Article, Illustration
      Sin Chew gains impressive
      634 11  -  ■y MANO SABNANI SIN CHEW Jtt Poh (Singapore) has once again unveiled an Impressive set of results which show a jump of nearly 60 per cent in the Chinese newspaper company's operating profit to (LB million for the half-year ended June 30,1978. The Improved earnings were
      634 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      214 11 co un^ V vyST-"--The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive "Foulks
      214 words
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  • Article
    Lock icon Batam may tap water from Singapore
    305 12 AFP SINGAPORE is expected to supply electricity and freshwater to the Indonesian island of Batam. Disclosing this, Indonesian Minister for Researchand Technology Dr. Habibie. who is also the chief administrator of the Batam development project, said an agreement to buy up to 200 megawatts
    AFP  -  305 words
  • Article
    Lock icon COMMON MARKET
    79 12 AFP Economic planning Minister Gerardo .Sicat said the conclusion of preferential tariff accords "jamong Asean members jnay lead to a common \narket. Mr. Sicat, also director general of the National Economic Development 'Authority, told the 33rd World Jaycees Congress in Manila that Asean members had drawn up some
    AFP  -  79 words
  • Article
    Lock icon HIGHER PRIME AS HK DOLLAR FALLS
    220 12 Reuter HONGKONG banks, alarmed over the weakness of the depreciating Hongkong dollar, yesterday raised the prime lending rate for the second time in two weeks. A spokesman for the Exchange Banks Association said that the best lending •rale the one used for lending to
    Reuter  -  220 words
  • Article
    Exporters must look beyond the GSP markets
    745 12  -  By SOH TIANG KENG THE TIME has come for Singapore manufacturers to look for oversea markets not covered by the Generalised System of Preferences (GSP). This is the advice from Dr. Augustine Tan, associate professor of economics at the University of Singapore and
    745 words
  • Article
    Fixed rate US$ CDs going strong
    486 12 A MORGAN Guaranty Trust official predicted that the market for US dollar fixed rate cetificate of deposit will expand to onetenth the size of the Asian dollar market. Morgan Guaranty vicepresident, Mr. Fock Slew Wah, forsees the future possibility of a multi-cur-rency base with
    486 words
  • Article
    LONDON STOCKS
    783 12 LONDON, Tues. The market closed easier today after a quiet session as the spate of pay disputes and the resultant work stoppages halted yesterday's rally and prices began to slip again, dealers said. At 3 p.m., the Financial Times index was down 5.9 at 468.5. The banking statistics
    783 words
  • Article
    Lawyer Harry Wee fined $30,000
    171 12 FORMES Law SatMy prMiiiat Harry Wee warn (toed a total «f SSMN keea*faaad nitty Mto praprtetar m gMt*aft Srin! aeeeptlag imMIiIIm totalltog tWIfHC (rsai Ms hmr togal 8. SaatMraa, between March 4 aad Jmw W, if*, la eeallag Saathlraa's atttmctm at eriariaal hreaeh at treat.
    171 words
  • Article
    Lock icon Store sales
    33 12 AFP The Japan Department Stores Association said its 118 member stores with 224 sales outlets sold 335.85 billion yen (about Ss4 billion) worth, up 7.1 per cent over September 1977. AFP.
    AFP  -  33 words
  • Article
    Agriculture lets second quarter growth down
    624 12  -  By NOORJAHAN KARIM ECONOMIC growth in Malaysia during the second quarter of this year was moderated by the small increase in the agriculture sector although output in all other sectors of the economy generally improved. Bank Negara, in its recently-released report on the Malaysian
    624 words
  • Article
    BID FOR TARIFFS CUT
    102 12 MALAYSIA hM mM Brit*hi to play pidttvt rale ui ■ae Ito Mww to Ike EEC to ntoee tariffs Malay- tkaM 4fcer AaMa to toe Mahytoiß Pitouy MmMm Mtototer, Pml Lew* toM a aeira wteiww the reqaest «u made to toe British High CiMtortißii to Kuk Lampar
    102 words
  • Article
    Cutlery men stay honed
    633 12  -  By RONNIE LIM SINGAPORE'S CUTLERY manufacturers are not unduly concerned over a possible cut-back in exports to the UK, should the government accede to British industry requests to restrict cutlery from the Far East. The Singapore industry is more worried that the British action may spill
    633 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      124 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are quoting the following for Singapore Dollar term deposits up to SS2SO.OOO 1 month 5V»% p.a. 3 months p.a. 6 months 6% p.a. 9 months 6% p.a. 12 months 6'/i% p.a. Savings 4 V«% p.a.
      124 words
    • Advertisement
      Page 12 Advertisements Column 2
      81 12 NOTIFICATION Please take note that the Malaysian Palm Oil Producers Association (M.P.0.P.A.) had been formally dissolved with effect from 18th August, 1978. All its functions, responsibilities and commitments are undertaken as from the above date by the Malaysian Oil Palm Growers' Council (formerly OPGC). The address, telephone and telex numbers
      81 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        FEFC increase
        67 13 THE FAR Eastern Freight Conference has announced a further increase in the Singapore/ Malaysia Currency Adjustment Factor (CAF) from 25 per cent to 29 per cent, effective from Nov 5. The last adjustment was made on Oct 27. The latest increase follows the FEFC's review of currency values
        67 words
      • Article
        Lock icon PNOC plans purchase
        78 13 AFP THE state-owned Philippine National Oil Co. (PNOC) plans to buy two super oil tankers with a 250,000 dwt capacity. The English-language Times Journal, quoting a high-ranking PNOC official, said the first tanker to be purchased next year would service the transport needs of imported crude oil
        AFP  -  78 words
      • Article
        Lock icon CSG members to meet
        62 13 UPI REPRESENTATIVES of the United States and 13 other nations will meet in London from Nov 15-17 for talks on a wide range of maritime issues, the US State Department announced. The 14 nations of the Consultative Shipping Group will emphasise issues of conflicting regulatory jurisdiction
        UPI  -  62 words
      • Article
        Lock icon Traffic offence
        50 13 AFP THE Singapore oil tanker St. Vincent (80,000 tonnes) was ordered to make for Brest on Monday after sailing along the wrong sea lane off Ushant. The offence was noted by the French minesweeper Ceres. The maritime authorities will take legal action against the tanker in Brest. —AFP
        AFP  -  50 words
    • Article
      Austiran on the rocks of receivership
      684 13  -  By RAHIM KASSIM AUSTIRAN Ltd, the shipping company which beat the Anro consortium to be the first roll-on-roll-off operators in the Straits/Australia trade, has been placed in receivership owing to its liquidity problems. The company, a joint venture between the Iranian government (50 per
      684 words
    • Article
      Lock icon London freight
      124 13 UPI QUIETER eharteriag revealed aa ehlak la the Una rate straetare ballt □p dariag the (ear weeks barter "mppty Uttaattaa developed la the light sf Iraalaa aU expert shriakage, redaelag e mpisy■eat peteattai far large carrier variety. 4 m j m 3®Vlvl UllCrTwla WfrhPfl ajm taaaea s( US
      UPI  -  124 words
    • Article
      INDEX
      476 13 Acquis* *5P UL 2 ACS n 5 Afea IV 2 Auila n 5 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
      476 words
    • Article, Illustration
      SINGLE BUOY STORAGE
      71 13 WORK M the ClUtm Service riaglc baey starage system is pragreaslag steadily at Benk»«ug Eagiaeerlag. Hk buy My kw been fabricated mad Masted, and painting is tal prsgreaa. The tarataMe has als* heea completed aad will he laatalled aa the haey bedy where the reamiaiag werhs will
      71 words
    • Article
      Lock icon OECD meeting today
      264 13 Reuter MEMBERS of the OECD working party on shipbuilding are due to discuss in detail this week measures planned by individual countries to reorganise their domestic shipbuilding industry, delegate sources said. The Japanese in particular will present plans to cut their shipbuilding capacity by about 35 per
      Reuter  -  264 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      3580 17 SHIPPING LIST where your ships are due and when 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
      3,580 words
    • Article
      Container Schedules
      1267 18 IMPORT FCL CONTAINERS EX CONTAINER VESSELS AT CONTAINER TERMINAL DAm6.11.78 Vessel's Name Mt.Blanc Maru Benavon Kowloon Bay Tambang VII Neptune Coral Bremen Express Albert Maersk Camelia HK Express P.Roosevelt Nipponica Balderoe Korrigan Maersk Rando Pegasus Pride Ever Humanity Ned. Dejima Asian Pegasus Oriental Researcher Maersk Mango Thana Varee
      1,267 words
    • Article
      Who acts for whom
      887 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 Line— Intermodal. Algerian National Line (CN AN)—Uni pacific. Alpac Line—
      887 words
    • Article
      Lock icon GRAIN RATES HIT FOUR-YEAR HIGH
      447 18 AFP 1 GRAIN RATES reached I their highest level in four years on the freight market last week, having effectively doubled the levels for January. But conditions were quiet, owing to holidays in Europe and Japan. The firm undertone reflected in part the early trend
      AFP  -  447 words
    • Article, Illustration
      SHIPS IN PORT
      419 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Chidambaram (0900 after Capetan Marcos) 1/2 Dong Min (1800 after Kota Benar) 8/9 Golden Fortune (1500 45 Integrity (0600 after Tamuraeverett) 18 Kota Pusaka (after Kota Benar) 10/11 Lumut (1300) 21 East Nedlloyd Algoa (after Nedlloyd Honshu) 3/4 Pabloeverett (1200) 40/41 Prima
      419 words
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      393 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barter Lines Singapore Pte Ud Tel ***** Harrisons A Crosfield Kuala Lumpur Tel: MMI/I Pernas-MISC Penang Tel ***** 4v n JAR I) I\ I AMAH Orient Overseas Co*dcu*teA Line i>anlil ;i S. SEAS BROS UN KPTUC CORAI lON OCVAIO PAUL 13*
      393 words
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      Page 13 Advertisements Column 2
      169 13 399!§ JSI SEALORD ANTAH lm UASC J UNITED ARAB SHIPPING CO (SAG). A| All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ARABIAN GULF WEEKLY SERVICE! S'pore Loading for i 11/11 Muscat (20/11). Dubai (22/11). A. Ohatx (24/11) P Kelang Doha (25/11), Damm (28/11), Bahrain
      169 words
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      Page 13 Advertisements Column 3
      550 13 SEA 'Pi r* t'w LAbiO FULL CONTAINER SERVICE TO JEDDAH BOOKING TEL: *****22 For US Pacitic Gull Atlantic and East Canafla I Also accept.nq to. Hongkong Taiwan japan andKoreai FULL* CONTAINERIZED FAST CHR€CT WEEKLY PoriKalang M/U 11/11 And. wn a/u Ami I a/11 a/u mm* f E < Hongkong. Manila
      550 words
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      Page 14 Advertisements Column 1
      750 14 FULLY CONTAMMSED TO EUROPE Spare f Ida* Pea Mm Gaaaa HWf Bl»*w M««p Baearu ta PI 5/12 30/11 15/12 13/12 9/12 11/12 i Nntftfa 27/11 28/11 22/12 H/12 29/12 27/12 22/12 24/12 MwiliiHH 11/12 12/12 6/1 2/1 16/1 14/1 10/1 12/1 FULLY CONTMNEMSED TO GENOA/TMESTE S par* P Keiant Genu
      750 words
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      Page 14 Advertisements Column 2
      499 14 barber blue seo nmfwm wwi vvi Fnt IB ATLANTIC IB GULF I EAST CANADA Mm 23/24 Ok 14/15 Ok 24/29 Nm 29/27 OK 17/11 Ok 21/19 Ok 1 la I Ok 2/1 Ok 23 tm 3/4 Ok 4 Ok 24/21 tm 5 Dm It/17 I*v 25/27 lOk 5/1 Ok 27/21
      499 words
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      Page 14 Advertisements Column 3
      542 14 KUWAIT 1/12 2S/12 B. SHAHPUR 3/12 29/12 ALSO ACCEPTMG CARGO FOR BAHRAIN ANO ABU DHABI Rl Him /HIPPIHG If TPAOMG PTE LTD |ti rl Telex KMSPEED RS ***** —3 Tel *****37 *****H EVERGREEN LINE (EVERGREEN VARINIE CORPORATIONi FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTMG CARGO FOR
      542 words
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      Page 14 Advertisements Column 4
      962 14 Everett Lines KTOKTM <*, 4 F'pn Star ftippini Cerpe. "BURMESMIATIONAL LINE' TW <**> 9/11 Dm B.F.S.S.C. Agents in Matoysu TEPS MALAYSIA Port Reiang Tel (38) 7355 Penang Tel *****/***** Compaaia ArfMrtina Da Navaaaoaa tatareaatiaaMtal s. A. CI. F. "ARGENTINE NATIONAL LINE" mm 'Satpct to inducement fi Transportackjn Maritima Mtxicana S.
      962 words
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      Page 14 Advertisements Column 5
      851 14 O SANKYO LINE AUSTRALIA SERVICE P. KMang Singapore loaMng tar THREE SIM. SE ABLOOM MAT C1V.... M fOIT 11/12 I 13/14 NOV 11/12 I 11/17 NOV 13/15 I AOEUCL.SrD OHM, ERE STD m. BANGLADESH SERVICE GENERA! AGENTS CONTAMER BOOkNG LOAD AGENTS P KEIANG PENANG I§/17 NOV 14/15 NOV CHTTAGONG. CHALNA
      851 words
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      Page 15 Advertisements Column 1
      820 15 OCI Overseas Containers Limited ffIiBBHP SOURg TO W/CflWmiT: tftorg spwf PKeMg Oaurt mfm 12 Mw 14 Mm S Dtc bpna 11 Mn 7 Ok ntw> uok nan 2*Hm M Ok I"'" 4 Mot I Ok a*. MOK 77 OK U OK 4 ta 110k If Ok 10 ka 200k 7
      820 words
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      Page 15 Advertisements Column 2
      977 15 i GRANARD LINE WEST BOUND-FAR EAST/MEDITERRANEAN Spce PJMmi Penang toatfagier NT— 11 Nee 13 Nae IS Nae Dpbouti P MV MM MM V.IM 11 Nae M.V MM MM V 20W HV MM FUNG V2IH- 3 lan Dpbwti P Sard Aleiaodna Beirut lattakia Piraeus Tripoli Benghazi Istanbul Inflrs Dpfiouli P Sue*
      977 words
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      Page 15 Advertisements Column 3
      733 15 J23 to own Mm lay Mink Eipeu BEN LINE CONTAINERS express coht/upo service to/from europe MBWG SHAVEN R DAM HAVRE SOTO* Spore f KeUng W Germany Austria Antwerp Trance MUD 12/U 14/11 5//12 7/12 1/12 (12/12) yu Cjr«gj.B*, Mm Mar* o*i ME**.* mOMIMMH HBURG B HAVEN ROAM HAVRE SOIQN W
      733 words
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      Page 15 Advertisements Column 4
      556 15 Scan Dutch 9 EXPRESS CONTAINER SERVICE VIA SUEZ EASTBOUND FROM MED/UK. i r*c> i: i»i: i i»11: r:vi r Ckar| 2) H-»*| 3) Rno4) t da* 5) loH liata P «fun( MWW J* IVUMPM »iunwn IM UM 11/11 UN MUM* kM SM U/U 14/11 n ion faM w m w
      556 words
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      Page 15 Advertisements Column 5
      398 15 V GUU:?;I ucr> T rAn T-T"-THE BANK LIMC LT: T™ SINGAPORE *****4 PT KELANG *****T KUALA LUMPUR *****1 PENANG *****1 Bfi FESCO LINES I OT Vi. AO'VOSfO FESCO STRAITS PACIFIC LIME FOR PAOFIC SOUTH AM) NORTH WEST Spore P KUng Penang T ma* NAUOI Nm J/10 NM 11/14 MV MAKHTfe
      398 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      899 16 K LINE N KAISHA, LTD. ■Buniininwiw (VIA SUEZ by Cart TO EUROPE S pore P Keiang L Havre Hbwg Bfemen R dar SS ROZ 11* 9Nm 10 Nw 29 NM 31 NM IDk 2D ICPTUM CORAI 1M It Nm It Nm 7Ok 9Ok 10 Ok 11 0 annua mu.uh knm27
      899 words
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      Page 16 Advertisements Column 2
      804 16 '(S3' U.S.A./EAST CANADA SERVICE acceptik fcl/lcl contaaos from peaang. p hung, store luAf tar- VW TOM. CMBEN. NORFOLR Penang Oelawan P Ketang Singapore J O MMMVA PRADESH (MBA 20 SO) E.C./GREAT LAKES SERVICE Loa*| tar AORFOU TQM. MONTREAL. TOMATO. ASHTABULA, KTKOTT CHKAGO Penang Oetawan P Aeiang Singapore CALIFORNIA/PACIFIC NORTH WEST
      804 words
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      Page 16 Advertisements Column 3
      830 16 1 o L NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUR OPE FULLY CONTAMERtSED SERVICE Spurt P S tow Htwe M burf Ortai l'Aa« Atop i«5» 5 D*c 7Dk 90k II to 11 Ok 1) Oac OTMLBMK S t U< 15 ,;tot 21 Ok H?TU»«Sr 25? .iJ" WB n# nD
      830 words
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      Page 16 Advertisements Column 4
      484 16 MALAYSIAN mmnNATKJNAI SHIPPING COKWAnO* Bf*HAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WESTBOUND: feeder *P Hcta* vtsui huncqc* um tot mm OIMOU 11/11 IOMBCM nUWCRCA 19/11 KD *»cc»ta| b«M carft tar >t*4m m Spa* EAST KMC: 1) G ttvrf 2) H Oufj 3) ««i 4) It ton 5) I* H P
      484 words
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      Page 16 Advertisements Column 5
      651 16 t INTRASEA (PTE) LTD F.ibPt House 23-1E Orchard Road Smq.ipore c Ttelephone *****^* ?>» i i B > P REGULAR NXPENDENT SEH/FUU CONTAMER SERVICE TO EURQFE Spore P fceunf PmM| ltt*|Nr ■mim (Ca* m) hNrt S xamptoo Mrates llw H'btri Jr..] nwniM«M 1 OK *> *■*>»»■» n■» 2)m* r<— Ht»immm»
      651 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      197 17 SHIPPING FAR EAST WEST AFRICA SERVICES CONTAINER SERVICE ETA STORE V TUE FLOWER 2 Dec (Mm accepting cargo Mf P«t Harcourt and T«nu) eta LAGOS 28 Dec BULK SERVICE (NON-CONTWNERISED) STOK P. KOMC WW IOS bmart souncjisTttK pte ltdMX AIT SON BM> KL PENMIG Wt27 i£td WEST BOUND LOAONG FOR
      197 words
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      Page 17 Advertisements Column 2
      197 17 <3 Seatrain Full Container Service to USA FHDa VSI STORE WTWR V& Ml OM U 6U.F E/C I in* 5/11 Uitm 5/11 ln*tm 15/11 3/12 1/12 7/12 15/12 V. 145 «V«»I 24/11 tataTia 35/11 11/12 15/12 25/12 2S/12 31 Full Container Service from USA Monava. c/c cuu om u w
      197 words
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      Page 17 Advertisements Column 3
      164 17 EGYPTIAN EGYPTIAN FLAG RNATIONAI I INF FIL FUST AND DBECT LHER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) STORE PT K£l POMK PT SAC Mil U ft Hrr 22 Ok 4 Ok I IMS U Ok 7 OK II Ok 23 Ok 23 tail I*9 GENERAL AGENTS: L.N. SHIPPING PTE LTD
      164 words
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      Page 17 Advertisements Column 4
      199 17 m.v "VISHVA CHETANA" VOY: 26 arrived 4th November, 1978 at P.S.A. Godown Nos 31/32 Oeneral Survey of damaged cargo ex the above vessel will be held on Thursday 9th November. 1978, as from 9.00 a m to 5.00 p.m. No further survey wUI be held after this date. AgeaU:R. JL
      199 words
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