The Business Times, 15 November 1978

Microfilm: NL9922
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 21V1/78 WEDNESDAY, NOVEMBER IS, IVB SO CENTS
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  • BRIEFLY...
    • Article
      Raja for Brussels
      59 1 THE Foreign Minister, Mr. S.Rajaratnam left for Brussels last night to attend the Asean EEC ministerial meeting which begins on Monday. He is accompanied by the Minister of State for Finance, Mr. Goh Chok Tong and the Minister of State for National Development, Mr. S.Dhanabalan. Mr. Rajaratnam
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    • Article
      Lock icon Nuclear competition
      71 1 AFP. SEOUL, Tues.— The French Framatom firm and the US Westinghouse Company are locked in a fierce competition to win the projected installation of two nuclear reactors in South Korea, it was reported here today. The South Korean authorities are said to favour the French firm as their
      AFP.  -  71 words
    • Article
      Lock icon Human rights link
      82 1 Reuter. MANILA, Tues.— The United States Export-Im-port Bank takes into account human rights performance before agreeing to help countries seeking its aid, the bank's president and chairman, John Moore, said here today. Asked whether the issue of human rights had ever arisen in the bank's relations with
      Reuter.  -  82 words
    • Article
      Lock icon Philippines confident
      56 1 AFP. MANILA, Tues. The Philippines will not suffer a recession next year even if the price of oil is increased, while a rising US dollar will spur the nation's exports, Economic Planning Minister Gerardo Sicat said today. The government will release about two billion pesos (***** million) to
      AFP.  -  56 words
    • Article
      Lock icon China-Bonn pact
      54 1 AP. FRANKFURT, Tues. Two West German manufacturers announced today that they had signed a long-term, multi-billion Deutschemark agreement for development of China's non-ferrous metals industry. In a joint statement, Metallgesellschaft AG and Lurgi Gesellschaft said the Lurgi companies will build 22 metals plants in China while Metallgesellschaft will
      AP.  -  54 words
    • Article
      Self-determination
      35 1 ROME, Tues. The United States is against the participation of communists in Western European governments but the issue is for the countries concerned to decide, American Vice-President, Walter Mondale, said in an interview today.
      35 words
    • Article
      Lock icon Automotive centre?
      62 1 AFP. KUALA LUMPUR, Tues. Malaysian Depu tyPrime Minister Datuk Seri Dr. Mahathir Mohamad indicated tonight that Malaysia might become a manufacturing source of automotive components for the Asean market. He said, during his recent investment promotion visit to Japan, that he was informed by those associated with the
      AFP.  -  62 words
    • Article
      Lock icon Dow Jones
      35 1 AP. NEW YORK, Tues.— The stock market declined broadly again this morning, the aftermath of Monday's selloff. The Dow Jones average of 30 industrials slipped 1.99 to 790.02 in the first half-hour.— AP.
      AP.  -  35 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      124 1 Rises Most Active OCBC 795 15 Sealion 589.000 FAN M Banking UOI ctc 498 550 220 505 12 10 +9 +7 S Darby U O B H Par 562.000 390.000 340.000 Y H S Msia 255 +7 Total Turnover: 6.47m Total Value: $14.78m Falls Indices MTC CCM
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    • Article, Illustration
      In Kuala Lumpur
      157 1 Falls Most Active 1st A Pen 310 -28 S Darby 414.000 A Enl 280 -26 H Par 264.000 Shell 265 -25 Consplant 251.000 Bt Semb 240 -20 M Credit 177.000 A Hitam Tin 1000 -20 Total Turnover: 3.13m Lingui -18 Total Value: M$7.58m D Baby A Amal
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  • Article, Illustration
    Banks ready to pull PLR trigger
    1023 1  -  Bpc BEFORE YEAR ENDS By JOHN TAN THE average prime lending rate for Singapore banks could rise to as high as 8 per cent by the end of this year. Monetary Authority of Singapore support for the US dollar, a major cause of depressed
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  • Article
    Lock icon TRADE PLEDGE
    156 1 Reuter THE US government has re-affirmed its commitment to expand foreign trade, improve its trade balance and strengthen the US dollar. "Winning a larger share of world trade for our exporters is important to the strength of our economy and to the perception of American leadership throughout the
    Reuter  -  156 words
  • Article
    Lower plane of interest wins day for POSB
    654 1  -  By QUEK PECK LIM inc. rosi uimr Bank (POSB) yesterday agreed to lend Singapore Airlines (SIA) $200 million in what is believed to be one of the largest single bank loans in local financial historyServing notice that the POSB is going to
    654 words
  • Article
    Inflation below 6pc forecast coming true
    277 1 BINGAFOBK passed perUd ef price stability last Milk. Latest Otftraant h prlee tafcx (CPI) la October fed by 1.1 per eeat to 1«M ea a maathly kato, iae to Ml t per eest^ Cheaper perk, paeltry, Ash, (raits aad TfigfitsMca am thaa eflset dearer
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  • Article
    Asahi looks to Tokyo for lead on Phillips' move
    435 1  -  *y RONNIE UM THE Singapore representatives of Japan's Asahi Chemical Company are contacting Tokyo to determine how the latest proposal by the US Phillips Petroleum Company to participate in a downstream plant of the (2 billion petrochemical complex here will affect
    435 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      32 1 whatever you need in mgnswear,get it at... (iHMmnip MOHAN'S DEPT STORE (PTE.) LTD. 321, Orchard Road "W *****22 (nail to Mandarin HoM) Branch: 101, Tanglin Shopping Canti* J* *****40 Daily 9am-9 pm
      32 words
    • Advertisement
      Page 1 Advertisements Column 2
      66 1 BIRKART FREIGHT NEWS SIMPLIFY YOUR EXPORT ARRANGEMENTS AND SAVE COSTS THROUGH BIRKART'S LCL AND FCL CONSOLIDATION SERVICES FROM SINGAPORE KUALA LUMPUR ft PENANG to HAMBURG ROTTERDAM SOUTHAMPTON LONDON HONGKONG AUSTRALIA For rotes and further details contact: Birkart Southeastatia Pt«. Ltd. Suite 1004, CPF Building, 79 Robinson Road, Singapore I Tel:
      66 words
    • Advertisement
      Page 1 Advertisements Column 3
      28 1 Leader... Paget k I SHIPPING TIMES will Ut SINGAPORE Uli'i rights MEMO PAD t, CBOSBWORD S, AIRCRAFT SCHEDULE S, TV A RADIO t, BRIBTOW 7, SHARE PUCES Ml
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      Page 1 Advertisements Column 4
      286 1 Cool hotlttty poUution-free dnving with a mAßuenu C/to AW CONDITIONER 5-11 60L0M1LI PLAZA SINGAPORE 11 TEL *****2 240. LAVENOER STREET SINGAPORE 12 TEL 281 IMP 25*1329 The Olivetti Copia 405 copies anything crisply in only 4 seconds. It has b«iilt4n extras thai are unique. Olivetti's beautiful compact, desk-top Copia 405
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Ensuring agents will level with the underwriter
      497 2  -  DISCLOSURE STANDARDS By SOH TIANG KENG STEPS should be taken to upgrade the standards of life insurance agents to prevent them from misrepresenting their replies in insurance proposals. This was suggested yesterday by Mr. N.N.Handa, director and general manager of Great Eastern Life
      497 words
    • Article, Illustration
      NEW HEAD FOR UOB'S TOKYO BRANCH
      148 2 UNITED Overseas R»wir has appointed a new head to its Tokyo branch. Mr. Thomas Hiam Tee Seng (above), a manager of the bank, will replace Mr. Teo Kock Tay, who has been heading the branch for four years. Mr. Tham, 39, formerly headed the
      148 words
    • Article
      Local demand oils Edward Zorn's sales
      358 2 INCREASING demand for cooking oil in Singapore and Malaysia has led an Australian manufacturer to increase its production capacity. Edward Zorn Pty Ltd has reported increased sales to the two markets, totalling $296,2)0 during the past nine months. Substantial forward orders have also been
      358 words
    • Article
      PSA lifts record 2.2 m tonnes
      406 2 CARGO handled by Singapore parts continued to rise, reflecting strong domestic demand and vigorous activity in entrepot trade. Cargo handled by the Port of Singapore Authority (PSA) in July passed the two million freight tonne mark for the third month in succession, and reached
      406 words
    • Article
      Lock icon AGENDA FOR ASEAN, JCCI MEETING
      117 2 Reuter THE FIBBT WMWfc tMhmw between Amu Hi Japan's Chamber at Commerce aad Industry will take pixe la Baagksk aa Dee 1 to review trade and lavestmeat relations between Japaa aad Aaeaa atttina. According to the Thai Industries AaMdattoa which Is h—flag the canferenee, the
      Reuter  -  117 words
    • Article
      Lock icon Peking buys KL palm oil
      195 2 Reuter CHINA bought 1,000 tonnes of refined Malaysian palm oil during the past two months, a Malaysian Foreign Ministry spokesman said. The purchase was made following a visit to China by Foreign Minister Ahmad Rithaudeen in September. Trade sources described it as a trial shipment
      Reuter  -  195 words
    • Article
      Lock icon Indonesian export growth declines
      154 2 AFP INDONESIA'S export growth peaked during the first five-year development plan ended 1974 and had actually declined during the current second five-year plan. Trade Minister Radius Prawiro said in Jakarta exports of all commodities including oil during 1969 to 1974 grew at an average annual rate
      AFP  -  154 words
    • Article
      MEMO PAD
      408 2 COURSES AND TALKS Oct 16-Dec lfc (every Monday): A detailed study of reinsurance and its role in the conduct of insurance business, SITC, SITC. Oct 25-Nov 17: Business law, SIM, SIM Nov 6-17: Export Marketing, Hotel Royal-Ramada, NPB. Nov 6-Jan 27: Life insurance agents certificate course (English and
      408 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      95 2 Everything you need to know about Qantas 7478 schedules from Singapore to Australia London and Europe. 25 departures weekly one stop to London Monday, Tuesday, Thursday and Saturday. FROM SINGAPORE DEPARTS To Amsterdam Athens Bahrain Brisbane Damascus Darwin Frankfurt London Melbourne Wed Sun Tues Fn Daity Tues Thurv Sat Wed
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  • TRADE AND INDUSTRY
    • Article
      August rise in Malaysian bank loans
      346 3 COMMERCIAL banks' loans and advances in Malaysia continued their upward trend in August showing an increase of MJ2B2 million, or 2.5 per cent, over the previous month. On an annual basis, comparing last August with August 1976, loans increased by 27 per cent. Loans
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    • Article
      Seminar on rubber technology
      239 3 ABOUT 20 papers highlighting the latest developments in processing and other techniques will be presented at the seminar on Natural Rubber Technology in Kuala Lumpur on Dec 4 and 5. Organised by the Rubber Research Institute, the seminar is expected to be attended by about 300
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    • Article
      Lock icon They came,they saw
      119 3 AP ALMOST half a million tourists arrived in the Philippines in the first seven months of 1978, and one out of four was a Japanese, the Ministry of Tourism said yesterday The 476.249 tourists from January through July represented an increase of 85,455 or almost 22 per
      AP  -  119 words
    • Article, Illustration
      EXTREME HI-FIDELITY
      395 3 A NEW eqalpmeat which greatly improves the qaaiity of feqaeacy modalatfoa (FM) transmission has heea developed ia Australia. la a typical Atmjm (S|S»,m> transmitter, the ie« equipment aheat the rise of twe cigarette packets costs ealy $C. It Is the resalt sf fear years' research by Dr Keith
      395 words
    • Article
      S. KOREA EXPECTS DROP IN '79 GROWTH
      132 3 THE SOUTH Korean National Assembly approved a 1979 budget forecasting 9 per cent real gross national product growth. This compares with a forecast of 14 per cent rise this year against the original target of 10 to 11 per cent and, if realised,
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    • Article
      Lock icon Chinese to buy more US grains
      492 3 UPI CHINA plans to buy more US wheat and corn next year, at least as much as the 4.4 million tonnes it purchased this year, US agricultural delegation sources said. The sources said Chinese officials informed US Agriculture Secretary Bob Bergland of the expanded
      UPI  -  492 words
    • Article
      Sarawak pepper exports up 11pc
      277 3 SARAWAK pepper exports increased by 11 per cent to 14,000 tonnes during the first half of this year compared with the corresponding period last year. In value terms, exports for the first six months earned M 164.26 million, an increase of $888,000 over January-June, 1977.
      277 words
    • Article
      SPARES PLANT
      83 3 ANOTHER Malaysian automotive spare parts plant Automotive Industries Sdn Bhd (AISB) has been set up in Shah A lam to cater to the growing demands on the motor industry. The Ms 6 million plant came on stream about four months ago. It will be officially opened by the
      83 words
    • Article
      KL investment efforts are paying dividends
      545 3 MALAYSIA'S efforts to attract foreign investments have resulted in more than 600 companies from over 30 countries setting up operations in the country. Datuk Lew Sip Hon, the Malaysian Deputy Minister ot Trade and Industry, said the country now has reached the stage where
      545 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      65 3 AII of these Stock Units ha ve been sold. This announcement appears as a matter of record only. NOT A NEW ISSUE OFFER FOR SALE 8,118,000 STOCK UNITS OF $1.00 EACH JACK CHIA ENTERPRISES (MALAYSIA) BHD. Manager Bumiputra Merchant Bankers Berhad Underwriters BUMIPUTRA MERCHANT BANKERS BERHAD ASEAMBANKERS MALAYSIA BERHAD MALAYSIAN
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    • Advertisement
      Page 3 Advertisements Column 2
      35 3 YEO HIAP SENG (MALAYSIA) BERHAD HAS ACQUIRED THE WHOLE OF THE ISSUED SHARE CAPITAL OF LEONG SIN NAM FARMS BERHAO THE UNDERSIGNED ACTED AS FINANCIAL ADVISOR IN THIS TRANSACTION Bumiputra Merchant Bankers Berhad November 1978
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      632 3 I -11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Dancer also new to me (6) 7 Dish for the corporation dinner? (3, 5) 8 A more than lengthy rectangle (6) 10 Larger plant from a piece of charlock (5) 13 Search under a tree, say? (4) 14 Rich boozer(4) 15 To fight
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      409 4 THE SINGAPORE rubber market yesterday closed lower with December One RSS buyers quoted at 251.25 cents per kilo, down four cents from Monday's close. The afternoon session was slightly steady on reports of China acceptances, and prices closed about half a cent above lunchtime levels, dealers
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    • Article
      Closing prices
      32 4 Rubber Nov 14 Singapore: Decern ben 251.25 cents (down four cents) Malaysia: December: 252.00 cents (down 3.50 cents) Tin: M 52,010 (down $25) Official offering: 243 tonnes (up 62 tonnes)
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    • Article
      RAS PRICES
      377 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt fob 249.2 250.25N 249 25 250.25N Int. 1 R.S.S. December 251.25 251.75. 251.25 ***** Int. 1 R.S.S. January 254 25 254.75 254.25 254 75 Int. 2 R.S.S. 245.50
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    • Article
      SSR and SMR
      113 4 NOON SSR and SMR prices yesterday BiH IW— (Cwreat Mtfc) l«—ry hmH Mtfc) ■■yen Sellef en SeUen SSR 20 (ceato per kg) (eea .to per M) < l ion pallet) 239 00 241.00N ***** 243 50N SSR 50 (1-ton pallet) 237 00 239 00N 239 50 241.50N
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    • Article
      Sugar
      200 4 SUGAR futures in London yesterday declined following easier kerb tendency to close the call £0.25 to £1 lower. Turnover was 327 lots including 265 on the kerb. Market sources said commission-house selling and local dealer liquidation pushed prices lower against an easier New York market and lower kerb indications.
      200 words
    • Article
      Rice
      191 4 BANGKOK rice prices were quoted as follows yesterday (In US dollars per tonne FOB. basis Bangkok) White rtee: 100 pet Ist class 350. 100 pet 2nd class 335. 100 pet 3rd class 330. 5 pet 323. 10 pet 300. 15 pet 295. 20 pet 290, 25 pet 285. 35
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    • Article
      Aluminium
      36 4 ALUMINIUM was unchanged on the London Metal Exchange yesterday. There was very little interest for the metal throughout the morning and Three Months held steady with the only business being transacted at £602 per tonne.
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    • Article
      Produce exchange
      384 4 DULL trading conditions ruled on the Singapore produce market yesterday for reasons ranging from the incompatibility of prices quoted at different origins to the lack of stocks. Demand came mainly from the neighbouring countries which still had small orders in lots of five or 10 tons left unsatisfied.
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    • Article
      Hongkong Comex
      193 4 THE SUGAR futures market yesterday closed easier in quiet trading, with 15 lots traded against Monday's five, dealers said. Local commission-house liquidation, coupled with chartists selling, saw prices fall about 0.10 US cents, they said. March contracts met speculative support at around 8.70 cents, representing a premium of
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    • Article
      SPOT PRICES
      190 4 YARN and cotton In Hongkong dollars. spot ex-godown ClKis yam: China Blue Phoenix 20S 2.140; 32s 2.750; 40s 2.960 (per bate at 400 lbs). Piece gaads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying Geese unq (per piece 36
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    • Article
      Coffee
      310 4 ROBUST A futures ended the opening call in London yesterday barely steady with overall losses against Monday's close of £5 to £17, basis untraded distant November in sales of 188 lots. Dealers said there were no fresh market factors and, with little trading interest, the market edged lower to
      310 words
    • Article
      Straits tin
      214 4 THE STRAITS tin price in Penang yesterday dropped MS2S to $2,010 per picul, to stand $310 above'the International Tin Agreement ceiling. Dealers said the market fell in line with the overnight sharp drop in London and slightly larger tis supplies by miners was another factor. The lower level
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    • Article
      Cocoa
      186 4 AFTER declining initially to £2,065, basis March, cocoa prices recovered in mixed trading to end the opening call in London yesterday £3 to £8.5 stg lower. Turnover was 203 lots, of which 38 were crossed. In thin and featureless trading, the market fluctuated in a narrow range held down
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    • Article
      Lead
      69 4 LEAD ended the day £3 lower for cash and £2.50 per tonne down for Three Months in London on Monday. Values after lunch rallied from morning kerb lows aided by a steady tone in copper but the slightly steadier levels only served to attract further long liquidation and speculative
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    • Article
      Zinc
      73 4 ZINC closed £3 down for cash and £2 down for Three Months in London on Monday. This market again lacked any outside feature of its own and prices fluctuated with the trend in copper and lead but generally within a tighter trading range. Lack of demand for cash and
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    • Article
      Palm oil
      81 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Monday Previous Malaysian 5* f fa bulk per tonne January (inch OOBslr Sumatra i% ffa bulk Afloat unch «46pd November unch 825str December 822.sir 520s Ir January 620s 1 r 612 pd •17'-pd February 617'
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    • Article
      Soybean
      84 4 CHICAGO soybean futures on Monday cut losses by about 10 US cents in late trade to close oft 4'« to two cents a bushel. The trimming came on a flurry of commission-house buying, local short-covering and a scarcity of sellers. Only pre-hedging in the final minutes kept prices from
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    • Article
      Wheat
      99 4 WHEAT futures reversed the losses they held most of the day to finish with gains of 4'j US cents to half a cent a bushel in Chicago on Monday. A dearth of selling enabled moderate commissionhouse buying to lift prices out of the loss column with less than an
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    • Article
      Copper
      257 4 COPPER wirebars finished the morning £13 lower in London yesterday. Dealers said the early pre-market was steadier rejecting the overnight close in New York copper and silver futures, with some covering against scattered physical demand also aiding the tone. On Monday, copper wirebars, on the day, were down £1
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    • Article
      Silver
      143 4 SILVER closed at HK5276.50 per 10 ounces in Hongkong yesterday, unchanged from Monday's close, dealers said. Trading remained dull thgoughout the day, while the day's silver fixing price was steady at HK5276.50. On the LONDON Metal Exchange yesterday, silver rose by 5.9 to 6.0 pence per troy ounce. Strength
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    • Article
      Gold
      392 4 THE KILOBAR in Singapore opened at S$M,B33 yesterday, and closed higher at $14,889. The high and low were $14,938 and (14,833, respectively. The market remained quiet. Spot gold for London delivery opened at U*****.00/70 and closed higher at USS2II.IO/50. The high was USS2U.IO/50 while the low was $210.00/70. The
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        455 4 THE US dollar saw featureless trading on the foreign exchange market yesterday. There were slight fluctuations and the dollar managed to hold its ground throughout the day. Opening against the yen at 188.60/70, the US currency fluctuated within a narrow range and closed here at 188.55/65. Against the
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      • Article
        Asian $ rates
        186 4 Asian rates ASIAN currency deposit interbank rates as at close on Nov 14: L'S Spot 1 Offer BM 7days 12' 12. 1 month 109/16 107/16 2 months 119/16 117/16 3 months 123/16 121/16 6 months 12 3/16 121/16 9 months 1115/*****3/16 12 months 1115.16 1113/16 1 month 3 months 6
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      • Article
        Discount
        45 4 '•■I' of pricti offered by discouat houses on Nov 14: Overaifht 3 Call deposits 3 Closiac 3 month Treasury bills 3 3<, 3 month Bank bills 6'. a 3 month CD 71/1* s 1&/I6 fl month CO 75/16 73/16 Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lead to their best customers is 7.5 per cent.
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      • Article
        Euro $ rates
        115 4 Euro rates LONDON Eurodollar deposit rates yesterday were steady but with a firm undertone following the trend to higher US prime rates on Monday, dealers said. Short dates were little changed from Monday's close. The Thanksgiving Day holiday in New York pushed the week fixed rate to 12" to 12
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      • Article
        London
        243 4 THE DOLLAR and sterling yesterday came under selling pressure in early dealings here with the US currency falling to 1.8810/20 tnarks before recovering slightly to 1.8821/31 compared with 1.8840/55 overnight. Dealers said they detected European central bank support for the dollar at the lower levels. Sterling eased to U551.9654/59
        243 words
      • Article
        New York
        241 4 THE DOLLAR closed slightly firmer from opening levels in generally quiet trading on Monday. Dealers said the dollar continued to be bolstered by apparent central bank intervention, perhaps also including that by New York Federal Reserve Bank, which is making operators wary of taking short positions. The deut9chemark
        241 words
      • Article
        Hongkong
        159 4 THE US dollar yesterday eased slightly from overnight US levels in fairly active late trading, dealers said. It eased to 1.8840/50 marks from New York's 1.8855/65 close and its 1.8845/55 opening here, and to 188 50 60 yen from New York's closing 188.60/70. It fell to a late 1.6235/75
        159 words
      • Article
        Tokyo
        122 4 THE US dollar for overnight delivery yesterday closed at 188.70 yen, slightly up from a 188 65 opening but down from 188.80 at Monday's close. Trading was quiet with volume US$3ll million. The market was calm with the US currency fluctuating narrowly between 188.50 and 188.70 yen througout the
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      • Article
        Frankfurt
        58 4 FRANKFURT exchanges opening quotes on Nov 14: US ***** 1 8845 (***** l.») Can 1 0020 SO Stg 3.701 11 D Fl 98 .48 SO S Ft 115 80 lit 10 Ut 2 245 56 F Fr 43 M 70 NKr- 37 00 70 BFr(con>- 0 305 75 B
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      • Article
        Australia/NZ
        62 4 AUSTRALIA and New Zealand exchanges on Nov 14: AUSTRALIA: US dollar 1 1528 1.14 M Sterling StTl 0 SOO5 Ninety-day airmail buying raws: Sterling 0 (11S US dollar 11*2 Ninety-day forward buying rate*: Sterling 0 5*29 US dollar 1.1X5 NEW ZEALAND: Sterling 0 540? 0 5378 US dollar I.(NM
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      174 4 T Pullman Kellogg LNG projects nUp new trade routes. Algerian LNG (Liquefied Natural Gas), enroute to the U.S. East Coast, is opening new trade routes between Africa and North America. And facilities for both producing and receiving much of this cargo —LNG—were engineered by Pullman Kellogg. In Algeria, Kellogg teams
      174 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Fiat head calls for phase-out of dollar's reserve role
      399 5 AP. CHAIRMAN of Fiat, Mr. Giovanni Agnelli, advocated a gradual phase out of the US dollar as a reserve world currency in favour of some other means of payment that meets international approval. Mr. Agnelli, speaking in New York at a
      AP.  -  399 words
    • Article
      US inflation rate racing beyond 6 pc
      269 5 WAGE-PRICE Council Director Barry Bosworth said the US basic inflation rate has shown a substantial acceleration from the 6 per cent assumed previously. He also said President Carter's anti-inflation programme means "we are going to have a pause in our economic expansion." These
      269 words
    • Article
      Lock icon Boycott of UK cars
      59 5 Reuter MALTA'S General Workers Union was to boycott the saie of imported British cars and television sets from yesterday in protest against British restrictions on textile imports from Malta. Last year Malta bought some £2.5 million (5510.2 million) worth of vehicle parts, cars and lorries from
      Reuter  -  59 words
    • Article
      Lock icon Britain spells out its terms for EMS entry
      936 5 BUDGET CONTRIBUTION GROUSE Reuter BRITISH Prime Minister James Callaghan has served notice on it's Common Market partners that it will not Join the planned European Monetary System sponsored by France and West Germany unless its contributions to Community costs are reduced. He
      Reuter  -  936 words
    • WORLD IN BRIEF
      • Article
        Lock icon BONN BANKS FAN OUT
        573 5 Agencies WEST German banks have strongly expanded their foreign activities with 35 banks represented in 300 places abroad, the West German Banking Association said. At the end of 1977, foreign business volume of all German credit institutions totalled a gross 220 billion marks (***** billion), around
        Agencies  -  573 words
    • Article, Illustration
      WEATHER STATION COMES TO THE LIVING ROOM
      174 5 THIS de*-top "Mttmlegleal centre" prevldee prevailing leeal weather eendtttona wttheat luili the eenrfert «f dab ar siflee. Built by a British SMMfaetarer, It Is Ideally salted far acre rtaha, sailing dais ar any atber ■parting activity where weather lafm niilea la P *CaJMthe
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    • Article
      Mexican oil reserves may be the largest
      459 5 DISCOVERY of additional oil deposits in Mexico's golden belt along the gulf coast could increase the country's potential reserves to more than 300 billion barrels, a spokesman for the national oil company Pemex said on Monday. If the deposits are proven, they would
      459 words
    • Article
      Lock icon Final quarter Treasury borrowing much smaller
      296 5 Reuter. THE US Treasury's borrowing of new money will fall to around US$lO billion ($22 billion) in the final quarter of this year from a previously estimated need of up to |24 billion, money market analysts forecasted. The Treasury has become unexpectedly flush with
      Reuter.  -  296 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      721 5 ARRIVALS Service Loeel Operator Number Time Froa SLA SQ101 0815 KUL MAS MHSZI 0840 PEN MAS MH807 0845 KUL MAS MH671 0M5 PEN/KUL SIA SQ4B 1006 BEY/DXB/BOM CPA CX710 1005 HLP GIA GA30O 1030 HLP THAI TG423 1095 BKK SIA SQ103 1045 KUL < SIA SQ209 106
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  • Article
    Banks pipped again at the finishing Post
    398 6 IN A SENSE, the borrowing of $200 million by Singapore Airlines from the Post Office Savings Bank is just transferring funds from one pocket of the Government to another. After all, POSB is a statutory body and SIA is almost wholly government-owned. SIA
    398 words
  • Article
    Higher prime a blessing in disguise
    257 6 GIVEN that world interest rates are rising, and rapidly at that, there will be strong pressure on local banks to raise theirs, although possibly not to the astronomical heights attained in the US and UK. By comparison, local rates now are still extremely moderate
    257 words
  • Article
    NOW AMERICA LEARNS ITS OWN 'PRODUCTIVITY CENTRE' LESSON
    196 6  -  By KAZUO MIKAMI MOKE TIAN a fMrtv «f a eeatary age, the MM MmMH eai ■iSjNi H§am* pniaiMiMj MtannTl to MMUKhM^iitsgjaaaajyjjaiyt Wert nZTT «ntn, the BKW, km a ■teflf «f SB aai aa ——I Mpt «t $H Mt aiWIM the WMatrtii With
    196 words
  • Article, Illustration
    Indonesia's high tourist hopes for low profile Bali
    725 6  -  By SOEHARJOMO INDONESIA, whose thousands of islands are brimming over with more than enough exotic delights to satisfy any holiday-maker, is trying hard to build up its neglected tourist indus- try. In an archipelago stretching more than 4,800 kilometres from the Tnftiaw
    725 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      148 6 a m Cream Sherry You don "t have to pay a high price for a good Cream Sherry. x AboUkt QiMhiy product from Ep3fttJ v f* mmmm 'A \3 < i Hotel Myal-RAMAM Newton Road. Singapore 11, Republic ol Singapore Telephone: *****1. Telex: RS-***** Cabtes HOTELROYAL Indonesian set lunch daily
      148 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 Beptri for 24 hnn prter to 1M pan. m N«v 14 at to airport: Maximum temperature 29.2 C Associated humidity 72 Minimum temperature 23.0 C Associated humidity 98 Hours of sunshine 0.80 Rainfall in millimetres Trace
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      252 6 SINGAPORE 5 3.00 PM Opening announcements fol- towed by The Beverly ttttbrilies The Frog Family (Repeat)* 3.25 Diary Of Events (Malay)* 3.30 Bonanza The Lonely Man* 4.20 Intermission 6.00 Opening announcements followed by Petticoat Junction Steve's Uncle George (Repeat)* 6.30 News in Brief* Ali Baba Dan 40 Penyamun (Malay—Repeat)* Candid
      252 words
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  • Article, Illustration
    Lock icon The accountant with West Asia at his fingertips
    1655 7  -  A region which is expanding in nearly every area is bound to have its bonus lor professional services. And so it is for accountancy in West Asia and a Palestinian accountant cum entrepreneur is rapidly spreading hie empire of auditing services throughout
    FT.  -  1,655 words
  • Article
    STRAWS IN THE WIND
    420 7 A* COLLEAGUE has given I the construction site next to Metro Supreme her vote for tils best looking in town. And it does look nice there are potted plants dotting the white wooden "fence" that borders the property, and the site office j has some very
    420 words
  • Article
    Why we would he hit by a US recession
    981 7  -  FORUMi 1 1 ...on recession •y JOHN TAN RECESSION is now certain to hit the world. It will begin in the US in the near future, poMfbly in the first half of next year, and within a short time will qxvad
    981 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      338 7 Sllßlilpfii V v•t r* v. i a V~ > Viv.^ S m *■**> .•T- New Japanese Restaurant KIKU^p serving authentic Japanese food h r f You"U kmt Oc royalty at die Rang Mahal. Man of Cofourm. On our daily menu are the matt gourmet fnouriM once lowed by Mogul Kingi
      338 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      25 7 BftSTou), I SRV' 9kjr Dou*» twplT omoaeajft fONrtes... fe\Nrres.. this IS TH£ ONLY D€i^»nnenTTUpfr ST»UL CUUGS To Tic. \me. wonouggd cosrom OF P\STbL 553 C
      25 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Stock prices end easier
      605 8 TOKYO THE MARKET declined sharply yesterday, since most Investors remained cautious against the recent sharp rise In stock prices. However, turnover was relatively heavy, as larfe capital stocks continued active and higher. Market orders at the morning opening were extremely big. Large capital stocks such as
      605 words
    • Article
      Lock icon Hongkong
      379 8 Source: SHK Sec AFTER a weak start, the market yesterday recovered Its poise. The bears moved to cover and started a rally which was further 1- supported by small buying. While the rebound may have had a significant technical aspect there is some evidence that the free-fall has stopped.
      Source: SHK Sec  -  379 words
    • Article
      Sydney
      165 8 THE MARKET continued Its downward drift yesterday, with mining and industrial leaders sustaining further sharp declines. BHP closed 12 cents down at A 58.12 and Beach Petroleum, finished one cent down at 55 cents, both losing gains made on Monday after the Fortescue no 2 report. the Bank of
      165 words
    • Article
      Bangkok
      243 8 THE MARKET closed mixed yesterday, with gainers In the majorltyln moderate trading. Raja Finance ted rises, gaining 60 baht to 2,350, while Lee Kwang Ming Trust rose 32 to 255, South Asia Fibre 32 to 455, Mah Boonkrong 30 to 1,53$ and Jalaprathan Cement 12 to 347. Bank of
      243 words
    • Article
      Manila
      101 8 NOV 14 Peso* Aco)e Mining 0106 -0 0009 Atlas Con A Atlas Con B 1«.60 -0 5 Bagulo Oold 0086 unch BencuetCon. B 28 00 1(M -1.5 CDCP 20 SO Inco B Landon Lepanto B 1928 -O 005 Marlnduque B VM -0 12 Meralco IS 00 -0 9 Oriental
      101 words
    • Article
      Selected Indices
      60 8 FINANCIAL TIMES INDUSTRIALS Monday 474.5 Friday 47X2 Week Ago 475.4 DOW JONE8 AVERAGE INDUSTRIALS Monday 782.01 Friday 807.08 Week ago 814.97 LONDON DOLLAR PREMIUM Monday 80 to 82'* Friday 81'«to 82' H.K.HANG SENG Tuesday 548.20 Monday 537.18 Week ago 828.78 SYDNEY INDU8TRIAL8 Tuesday 447.47 Monday ***** Week ago
      60 words
    • Article
      Toronto
      322 8 BUROINO o(l stocks led a minlset advance in active trading on Monday The market closed br< d decline In Volume totalled 3,231,538 BBVIBS.**»- The composite index was up J nope th f n lwo potnu with pan* in only four of Its 14 component froun,. but the ou and
      322 words
    • Article
      Jo'burg
      279 8 NOV U Rand INDUSTRIALS A Alpha 140 -s Abercom 1*7 330 -3 AE And CI A MIC 1100 uncti Barlowa MS CcSu*ar CNA Currle Finance M •1 DeBaeralnd msB Ed con 310 -9 Edfan 3700 unci) Eveready tis Fed Vol* 1IS Fuflt as Out) Urn Oienanl Oratemn 2BS >30
      279 words
    • Article
      Huletts expects fall
      90 8 HULETTS Corp still expects net earnings of the sugar division to be lower this year than in 1977-78, despite some improvement in export realisations since its last forecast. However, the Sugar Association is negotiating the raising of medium-term funds for injection into the price stabilisation fund, which
      90 words
    • Article
      CHICAGO BOARD OPTIONS
      1800 8 November 13 CHICAGO Board Options Exchange volume e> panded to 112,252 contracts from 77,904 contract on Friday. OPTION Jan APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Exp Am Exp Am Exp AmTfl Am Tel Am Tel AtlR All R AtlR Avon Avon-P Avon •svon-P Avon Avon-P
      1,800 words
    • Article
      Bourses close generally lower
      569 8 EUROPEAN MARKETS EUROPEAN bourses generally cloeed mixed to lower on Monday. However, In Zurich stock market prices cloeed steady In quiet tradlnt. dealers said, helped by relatively stable conditions on" forelfn exchange markets Leading banks and insurances closed tittle changed agalipt preweekend closing levels. In steady
      569 words
    • Article
      Zurich
      182 8 NOV U Prancs Actions Sulaan rIB Alusulsae Br 1100 15 Aiusulsse Ret Brown Bowl Br. 482 1610 •1 10 ClbaOeloBr 1040 unci) CUaOelfy PC #05 ♦9 Clba Oelfy Rm 61« ♦J Credit Suisse Br 3300 ♦39 Credit Suisse Rcc 423 BektrowattBr ...1770 Oeor«e Fischer Br MS unch OlOtHU Pc
      182 words
    • Article
      Amsterdam
      136 8 NOV 1* FU ABN Ahold Afcao AMEV mo +0.7 Amfu 101.TO -0.0 Amrot Bank BST*.:::::::: BdU 70 SO BoraumlJ Burhmann Bycnkorf Calve Delrt Dell M1J Efcnla Fokkcr ford Oammt J1.J0 Oelder Outbroc Oofcaln Hacemeyer Hetneken Holland-Am Hoofovens Hundou HVA IHC Intn MuUcr KLW KN8M ism -o« Mentha 63 00
      136 words
    • Article
      Paris
      241 8 NOV It fn Alr-Llqutde 376 ♦0.6 BBN Oervala 583 ♦3 C8r (ThomaonCtf) 363 ♦6 Cle Francalae dnPptfolM Compacnle 140.90 +42 Compacnle 1*1 .1 Credit roncler 413.50 -0.3 Hachetw (Ubmrte) 291 30 •14 Machine* Bull MtcheUniB) M 1MB 204 -0 3 +5 14 Pechlney Clflne Kuhlmann 86.86 unch Peuaeot PhiiipKNtOem
      241 words
    • Article
      Frankfurt
      185 8 NOV U Dm Aef Telef unken Ak«o AlliLeben Alls Vara BASF BkjfHTWtitnt BayVbank Bayer 79 90 -1.0 ...2710 +0.3 7*0 +10 400 -2 119.40 -0.9 "iSJ 3 -3.9 139.30 BBC 305 JO -1.7 BMW 224 00 -1 CuwlU 400 +9 Cham Verw Commenbank Contl Oumml Daimler-Bern Dirii Deinac DeuUche
      185 words
    • Article
      Shares setback
      998 8 NEW YORK STOCKS suffered their biggest setback in nearly two weeks In slow trading on Monday, hurt by another boost in the prime rate and renewed concerns about persistent inflation. First National Bank of Chicago raised its base lending rate to 11 per cent from 10-* per cent,
      998 words
    • Article
      Brussels
      85 8 NOV U Pr» POKWAKO 1 «Aur r Accc 407 2200 -T Arbeti unch Astur 730 •IS Bruc&n 443 Bra-Lamb 1510 SOB Canpac il Cock 411 Dr Been 188 Ebei 2300 4-10 Bcctrobel 7100 -80 Ob-Inno-Bm 2430 -ao Of* Hobok 27 SO +85 Petro Rjrl Dutch 1810 unch 8idro 082
      85 words
    • Article
      Milan
      77 8 NOV U Lire Anlc ♦0 5 AnocOen iS7» 230 Butofl -2.5 ♦M Ontrite Flat 2MI 4-11 Flnadcr IU M -14 Oen Immob unci) BIN Iuicetncnu •MO inrrmBBB ♦6 MMIMUMPI MatvUi Err U -t Mrttnti Ml SO -MO MlnUanm ***** *230 Mondmdotl 1575 +4 Moritcdari 111.25 -15 MotuBto ounord 1075
      77 words
    • Article
      Hochtief gets little from domestic boom
      276 8 WEST GERMANY'S biggest building contractor, Hochtief, appears so far to have felt little benefit from the domestic boom in the industry. In an interim report to shareholders, it revealed overseas business the mainstay of the industry for several lean years is still growing appreciably
      276 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      287 8 TO LET STRAITS TRADING BUILDING Battery Road Singapore 1 1. Small Suites of floor area from 50m2 (530 sq ft) to whole floor area 605 sq m (6,500 sq ft) 2. Also fully fitted out suites. AVAILABLE FOR IMMEDIATE OCCUPATION The Building has many modern amenities and is ideally located
      287 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Lockheed's estimate for the year raised
      580 9 N AMERICAN L Reuter LOCKHEED Corp chairman Roy Anderson said his earlier estimate that 1978 earnings would be fairly comparable to last year's U5555.4 million, or $3.71 a share, was somewhat conservative. The company recently reported earnings for the nine months ended Sept 24
      Reuter  -  580 words
    • Article
      Lock icon Johns-Manville to acquire Olinkraft
      368 9 FT MORE than 5.9 million common shares of Olinkraft, the forest products company, have been tendered in response to the US$65 a share offer from Johns-Manville, the Denver mining and manufacturing company. The offer was for 49 per cent of Olinkraft, and JohnsManville said it would
      FT  -  368 words
    • Article
      Lock icon Flick rift with Gerling closes
      341 9 FT THE Flick group. West Germany's largest privately controlled holding company, has finally resolved its differences with Mr Hans Gerling, and has consolidated its majority position in the Gerling insurance concern. A special shareholders' meeting of the Gerling group decided that the Zuerich Insurance Company's
      FT  -  341 words
    • Article
      Svenska has smaller loss this year
      274 9 SVENSKA Varv, the Swedish state shipbuilding company, made a pre-tax loss of 1.53 billion kroners during the first eight months of 1978. The company expects a deficit of 2.1 billion kroners for the full year, which would be an improvement of 142 million kroners
      274 words
    • Article, Illustration
      Delta leaves lata over fare fixing
      390 9 THE third largest airline in the Western world, is leaving the International Air Transport Association, the body representing most of the world's major airlines, from Dec 8. Mr. J. A. Cooper, Delta's senior vice-president (marketing), said in London the decision was due to the
      390 words
    • Article
      Lock icon Sulzer expects drop in income
      202 9 FT LOWER profits this year were forecast by Saber, the seoead largest faetariag grasp withia the Swiss sisrblarrj Mmlij aad a w«M leader la the predacttoa dlesel ealaeamiag iritn dariag the first alae maaths ef lf» eased la U Mlllea fraaes tram t.S MM—, while
      FT  -  202 words
    • Article
      Takeover by Ted Bates a big boost
      153 9 ROBERT Jaenby, president at Ted Bates, announced the cwmpMUa mt the largest advertUag agency aeqnWttsa In the faMsrysC the American The Bates ageaey had Jast aoqnlred 1M per eeat ■wntrshlp sI CnmpbetlMlUag agency with stßeee In Mtanaapalla and g»-Camphetl-Mlthaa Is the largest ageaey
      153 words
    • Article
      Lock icon Noranda sees sharp rise
      216 9 Reuter NORANDA Mines said despite a strike which began in early October at Mines Gaspe, the outlook (or the fourth quarter is "relatively promising and considerably better than was thought likely three months ago." In reporting sharply higher third quarter net, Noranda said earnings from all
      Reuter  -  216 words
    • Article
      Lock icon Diamond Shamrock to buy Falcon
      171 9 FT DIAMOND Shamrock Corp, which said it agreed in principle to acquire Falcon Seaboard Inc. said the transaction would be worth about US$33O million. Diamond Shamrock said the acquisition is "a logical extension of the same line of the business we're in. We're obviously in
      FT  -  171 words
    • Article
      Lock icon MAN trucks into the American market
      751 9 EUROPEAN FT WEST German heavy truck builder MaschinenfabrikAugsburg, Nuernberg (M.A.N.) is to spend at least DMI3S million to establish a firm foothold in the medium sector of the market both in Europe and the US. Mr. Otto Voisard, the main board director who is
      FT  -  751 words
    • Article
      Lock icon BARCLAYS UNIT INCREASE
      200 9 FT OPERATING profits at Barclays National, the largest bank in South Africa and a 64 per cent owned subsidiary of Barclays International of London, continued to forge ahead for the year to Sept 30. The advance at the pretax level was from 55.1 million rand to 68.3
      FT  -  200 words
    • Article
      Lock icon Hitachi is all set to move into Spain
      541 9 ASIAN FT HITACHI, the Japanese television-set manufacturer recently frustrated in its attempt ot set up a manufacturing plant in the UK, is considering a move into Spain. The rapid increase of the Spanish colour television market and the prospect of Spain's joining
      FT  -  541 words
    • Article
      Lock icon Toray optimistic
      210 9 Reuter TORAY Industries Inc forecast net profit in the year ending next March 31 will rise to 7.50 billion yen from only 947 million yen last year, on sales of 410 billion yen, slightly up from 407.48 billion yen. The company attributed the sharp inprovement to cost reductions
      Reuter  -  210 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      105 9 Morebits bytes" This might sound like a dumb waiter, but when we tell you the more "bits" a minicomputer has, the faster it does calculations. And the more "bytes" it has the more it can remember, you might realise that we know our onions. Our range of Interdata minicomputers are
      105 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1169 10 BID and offer prices officially listed and business in and reported to the Stock. Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word 'sett". Big Board deal
      1,169 words
    • Article
      Government bonds
      63 10 W toS) X/tm (250 000) < w 508 100 03B) 1W (250,000) (M9OB (250,000) (100 2SB u« 4 «sT (250 000) 100M8) M <250C)00> 000.708 (250,000) (100.SOB) <100* V < 2SOOO »> I (250.000) (100.758 f'Xsjjjsr ,2500 m 'mSAijx?" 12x000 1/4* T r IVIVN (250 000 (100.258 100
      63 words
    • Article
      Stock options
      221 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. C and C (Dec (4 40) (0.708 1.008) Si me Darby (Dec $2.80) (0.458 0.585)
      221 words
  • Article
    Unit trusts
    147 10 SINGAPORE UNIT TBI prieoa tar Nw The Commerce 2.10 The Saviag Fund i n S pore Prof Fund 0 95 S pore Sec. Fund 1.75 S pore Invest Fund 1.22 ST u> 2.23 L30 1 OOxd IN 1.2) INCOME BOND UNIT (Carrot prices) Income Bond 1.11 1.17 MARA
    147 words
  • Article
    SHARE INFORMATION SERVICE
    2528 10 I97X High Uw Company 272 132 Acma 238 123* Alcorn 178 112 Allied Choc 219 133 BAT 275 195* Bata 111 60'2 Ben 276 162 Berjaya Kawat 326 173* Boustead 245 140* Bousteadco 660 256 C&C 550 394 C C M 264 123 C K Tang 378
    2,528 words
  • Article
    In Kuala Lumpur
    1944 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS in" 7,8 1 M> ,rr m Ala* Hald (1.188). Bata (2.608).
    1,944 words
  • Article, Illustration
    Prices stage rally after several days of decline
    643 10 APTEK several riwn tlve days sf deellae, prices staged a gemuml > rally ea tke Sleek Ex- fcppm yesterday. Tarasver was klgker. lie Market epeaed sa a depressed aete la sympaiky wttk tke deeltae la Hsagkeag wkere tke Haag Beag ladex was
    643 words
  • Article
    Kuala Lumpur market closes on mixed note
    593 10 PRICES staged a mild recovery from Monday's selling blitz to close on a mixed note on the Kuala Lumpur Stock Exchange yesterday. Traders were, however, still very jittery and nerv«i ous and this was reflected in the very erratic trading. u7 Opening prices
    593 words
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  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      403 11 Carraat Ex Booka Data Total for Total for Payaieat Date Cloee Payable tbo yoar PrevioM year Nat Iron 11* Oct 13 Oct 20 Nov 18 il*(y) 12J*TE Meatakab 11*1 Nov 8 Nov 18 Nov 23 ll* 31* Rotknaaa 20* Oct 16 Oct 28 Nov 20 20* 30* K.Cuaa
      403 words
    • Article
      SCRIP ISSUE
      171 11 Company Particulars Ex Date Books Close Pub. Bank Bonus Issue of 1 for 4 Nov 6 Nov 16 T. Cement Bonus Issue of 1 for 5 Nov 8 Nov 17 C Sugars Bonus Issue of 1 for 4 Nov 21 Dec 1 Min Sac Bonus Issue of 1
      171 words
    • Article, Illustration
      Singapore Land's rights issue will not be enough
      888 11  -  By ARTHUR NG ALTHOUGH Singapore Land has managed to nearly double its earnings in the year Just ended, the returns as measured against the capital employed is negligible. Total capital employed including bank borrowings of $32.6 million amounted to about $160 million
      888 words
    • Article
      Harrisons and Crosfield raises its dividend
      451 11  -  By GERALD COLVERD HARRISONS and Crosfield (H and C) is raising its interim dividend from 4.38p a share to 6JSp in respect of the trading year ending Dec. 31,1978. Chairman T. Prentice says the increase is to "achieve a better balance between interim and
      451 words
    • Article
      Ayer Hitam Planting
      45 11 THE Ayer Hitam Planting Syndicate ha* announced a first and final dividend of 15 per cent lev tax in respect of the financial year ended March 31,1178. If approved, this will be paid on Dec. S to riiarehold«n registered br that date.
      45 words
    • Article
      COMPANY MEETINGS
      183 11 8MB IMy laMta* Ltd: AGM to be held at the Regent Ballroom, The Regent Hotel, Kuala Lumpur at 12 noon on Nov 17. AGM to be "held'"? Hilton Hotel, Kuala laimpur at 12 nooo on Nov 20 AGM to be held at the geat Hotel. Jalaa Imbi, Kuala
      183 words
    • Article
      KLSE queries Central Sugars' stake in PMC
      200 11 THE Kuala Lumpur Stock Exchange (KLSE) has asked Central Sugars to provide more information on its acquisition of a 28 per cent stake In the equity of Pan Malaysia Cement Works (PMC) announced recently. The exchange wants to know the name of the
      200 words
    • Article
      JARDINE MATHESON
      102 11 SINGAPORE holders of the 8 3/8 per cent Jardine Matheson Investments (South East Asia) guaranteed unsecured loan stock will be subjected to Singapore income tax at the rate of 40 per cent as provided for under the Income Tax Act, Cap. 141 of the Republic of Singapore. Singapore
      102 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      1167 11 SIM LIM FINANCE LIMITED (Incorporated in the Republic of Siagapwe) BALANCE SHEET AS AT 31MARCH SHARE CAPITAL CAPITAL RESERVE STATUTORY RESERVE UNAPPROPRIATED PROFIT Represented by FIXED ASSETS SUBSIDIARY COMPANY INVESTMENT CURRENT ASSETS Statutory depoait with the Mooetary Authority of Singapore Hire purchase debton Loans and advances Amount owing by rciatad
      1,167 words
    • Advertisement
      Page 11 Advertisements Column 2
      140 11 iKv' jjZA uriVOMO OFFSHORE MINING ORGANISATION DFL 18.020,000 U8» 6,000.000 Medium Tern Loans Guaranteed By THE MINISTRY OF FINANCE. KINGDOM OF THAILAND Arranged By INTER-ALPHA ASIA (SINGAPORE) LIMITED DFL Loan Provided By NEDERLANDSCHE MIDDENSTANDBBANK N.V. US Dollar Loan Provided By INTER-ALPHA ABIA (SINGAPORE) UNITED MORGAN GUARANTY PARTNERS UNITED WELLS FARGO
      140 words
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  • Article
    IT'S BACK TO WORK
    480 12 IRAN'S 37,000 oil workers went back to work yesterday, ending a two-week-old strike that crippled the country's chief export industry. Strike leaders agreed to call off the walkout on Monday after meeting officials of the National Iranian Oil Co., company spokesman Nezammuddin Mezayeni said. Shah Mohammed
    480 words
  • Article
    US 11pc prime not likely to be infectious
    199 12 AMERICAN analysts said the latest increase in the prime rate of several US banks to 11 per cent may not portend a nationwide move to that level. However, they agreed that there appears to be somewhat greater pressure •n regional money banks
    199 words
  • Article
    Costly labour
    34 12 THE all-inclusive cost of employing a worker in Japan rose 10.8 per cent in 1977 over the previous year, to a monthly average of 242,068 yen (5J2.784), the Labour Ministry has reported.
    34 words
  • Article
    LONDON STOCKS
    811 12 LONDON, Tues Share prices firmed on light buying, though business slackened towards the close ahead of the October trade figures, dealers said. Government bonds gained up to 1/4 point by the official close, but then rose up to 3/8 point following news of a £209 million current account
    811 words
  • Article
    Lock icon Asean can put forward view to Aussies
    139 12 Reuter ASEAN will be allowed to argue against proposed trade protection for Australian industries under an early-warning system announced by Foreign Minister Andrew Peacock on Monday. Mr Peacock said Asean diplomats can put their country's case against recommendations of the two protection review
    Reuter  -  139 words
  • Article
    First-half trade growth at 6pc
    508 12 WORLD trade grew at an annual rate of about 6 per cent in the first half of this year compared to 4 per cent for 1977 as a whole. Making its annual report on international trade, the General Agreement on Tariffs and Trade (Gatt) said
    508 words
  • Article
    QANTAS FARE SLASH
    88 12 AUSTRALIA yesterday ■■■wired prspsssls tor aew cat-price flights betweea Sydaey ud Su Fraaelsce which weald halve the cheapest retara (are te AsiSi (8*1,125). Traaspart Minister Peter Nlxaa said the fares package was pat to Amerlcaa sfficials whs are la Caaherra far talks aa cheaper Pacific flights. "I
    88 words
  • Article
    Lock icon A blunt warning to Japan over surplus
    151 12 Reuter. A POWERFUL delegation of US congressmen yesterday bluntly warned Japan that America Will adopt protectionist measures early next. yefu\ if Japan does not quickly cut its huge trade surplus with the US. Representative James Jones, from Oklahoma and chairman of the",congressional US-Japan
    Reuter.  -  151 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      132 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 5J250.000 1 month 5V«% p.a. 3 months 5*4% p.a. 6 months 6% p.a. 9 months 6% p.a. 12 months 6%% p.a. Savings 4 p.a.
      132 words
    • Advertisement
      Page 12 Advertisements Column 2
      2 12 Leader...Page I
      2 words
    • Advertisement
      Page 12 Advertisements Column 3
      468 12 How can you tell whether your next insurance programme will give you the protection you want? Here are 8 important pointers to get the most out of your insurance. Put insurance in the proper perspective Remember that the purpose of insurance is to indemnify. That is, when something is lost
      468 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Improving shipping ties
        100 13 Reuter LAOS and Thailand have signed a document to improve shipping relations between the two countries and to make the Mekong River a peace zone. The official newspaper Sieng Prasasone said the document was signed by high-ranking officials of the two countries last week. The newspaper gave
        Reuter  -  100 words
      • Article
        Lock icon Docking a big contract
        70 13 AFP SAUDI Arabia has awarded a contract worth £100 million (***** million) to a consortium to build a ship-repair yard at the port of Jeddah. The consortium includes Saudi Tarmac, the Saudi Arabian subsidiary of Britain's Tarmac Company, and Navelink, the Swiss affiliate of Lisnave, of
        AFP  -  70 words
      • Article
        Lock icon Another ship for Sitram
        105 13 AFP THE IVORY Coast shipping firm Societe Ivoirienne de Transports Maritimes (Sitram) on Monday took delivery of a new vessel, the Bonua the last of a series of eight combination carriers of 16,000 dwt built in Japanese or Spanish shipyards. Sitram will buy 12 other vessels
        AFP  -  105 words
    • Article
      Lock icon Third World to provide the impetus
      507 13 CONTAINERISATION Lloyd's List THIRD WORLD countries will provide the impetus for growth in containerisaUon over the next few years. But established operators on major containerised routes between developed countries will be hard pushed as competition will increase markedly over the next three years. These
      Lloyd's List  -  507 words
    • Article
      INDEX
      488 13 AcwSs* T Cat 5 ACS n 5 1 Afea IV 3 1 Alpac IV 5 ANL i 1 APL m 2 Anhsing n 5 Arya Nat n S ASCL m 5 Angkutan m 4 Aguila IV 2 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben Asia m
      488 words
    • Article, Illustration
      POISED FOR OIL EXPLORATION
      93 13 the MV POISK, a research vessel left the Keppel Shipyard recently to sadertske a aew rele as aa til exptorattoa vessel alter extensive re-eqalpmeat aad esaverstoa wsrks. A complete range sf sophisticated sU exptorattoa eqalpmeat were installed. These la- elude two steam fans as a source
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      Lock icon London freight
      180 13 UPI ALTHOUGH North American grain rales were beginning to show deeper inroads as a result of diminished grain chartering activity, the tone for Far East bulk carriers appeared to remain relatively stable. Mitsui-Osk repeated a US$4.l5 (5J9.00) per dwt for a 64,024-dwt vessel Olga Topic to make a
      UPI  -  180 words
    • Article
      Lock icon British Shipbuilders suffers $460-m loss
      120 13 Reuter THE STATE-OWNED British Shipbuilders conglomerate yesterday announced a loss of £108 million (Ss46l million) before tax in its first nine months of operations. In its annual report the shipyard, formed in July last year when more than 30 British yards were nationalised, attributed the
      Reuter  -  120 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3338 17 SCHEDULE A guide to ships loading; at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      3,338 words
    • Article
      The Consortia
      110 17 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ACE (FA* EAST/EUROPE): Franco Belgian Service*. 'K'Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO <OTKA ITS/AUSTRALIA): Australian National Line Australia/Straits Container Line Nedlloyd Lines Neptune Orient Lines JUMBOLINE(BTRAITB/
      110 words
    • Article
      Container Schedules
      1107 18 IMPORT FCL CONTAINERS EX CONTAINER VESSELS AT CONTAINER TERMINAL DATE»14.11.78 Vessel's Name Voy No. Date/Time Of Completion Of Discharge Date/Time Store Rent Due Mode Of Operations Zim Eilat Chevalier Paul Francesca Arthur Maersk Kltl Samut Amax Mariner Kamakura Maru Nedlloyd Houtman S.Seas Bridge Mediterranea American Mohawk Bunga Teratai
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      Who acts for whom
      945 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 LineIntermodal. Algerian National Line (CNAN) —Uni pacific. Alpac Line—Intrasea. Anhsing
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      Lock icon Towards safer tanker operations
      635 18 FT LLOYD'S Register of Shipping has approved the first marine use of BOC Techsep's molecular sieve inert gas system. It will be used as an auxilUary inerting system for the containment barrier of the gas tanks in the new 59,000-cu metre liquid petroleum gas carriers, now
      FT  -  635 words
    • Article, Illustration
      SHIPS IN PORT
      372 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES African Star (after Dong Min ALu Liang Shan hauls) 8/9 Bon tang (0900 after Ping Shan) 25/26 Eastern Liberty (after Southern Mercury) 27/28 Hudson Maru (after Otagold) 42/43 Kota Macham (after Kota Panjang) 10/11 Lu Liang Shan (0630) 6/7 Luna Maersk (after
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      206 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pte Ltd Tel ***** Harrisons I Crosfield Kuala Lumpur Tel: IMMI/I P«rnas-MISC Penang Tel ***** IA RI) I\ I A I H Orient Overseas ConlcjMeA. Line TC 32: 3 FULLY CONTAINERISED icptuc nun. iu *RC»TO* OMNTAI OKF HE
      206 words
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      329 13 mi SEALORI) ANTAH S UASC UNITED ARAB SHIPPING CO (SAG) t All vessels ***** DWT, 105 TON H.L. Derrick 1 1 288 TE U Capacity, Long Length Capability. J ■■ARABIAN GULF WEEKLY SERVICE' S pore Loading for Sailed Muscat (20/11). Dubai (22/11). A Dhabi (24/11). P Kelang Doha (25/11). Da
      329 words
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      593 13 SINGAPORE BUSINESS 1 »> H .MdCS' Mi :g in»» MAERSK LINE Fo. US Pac.hc Go" AAnanuc and Easi Canada tAtso accepting tp, Hongkong Japan and Kor. FULL* CONTAINERIZED FAST DIRECT WEEKLY SSEQ232E FOR Gull FROM East Canada and U S Atlantic. Cult ft Pacific FULLY CONTAINERIZED FAST DIRECT WEEKLY tt/ll
      593 words
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      839 14 J^Hapag-Lloyd FULLY CONTMOBQ) TO EUMK EXPORTS City rf EMwfh 11/1? 4/1 (/I 7/1 (12/1) Oubfer 18 12 19/12 10/1 11/1 12/1 15/1 Ka»() Hani 20/12 7/1 9/1 10/1 12/1 Hnftant Eipreu 21/12 30/12 19/1 21/1 22/1 25/1 EXPRESS CONVENTBNAL TO EUROPE S'part rttttint P« Hkx> Cmn Ntw| BTutffl Adam Antwerp
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      460 14 Nw tJ/M Ok 14/1S OK 24/26 Km 2S/27 Ok 17/11 Dk 20/25 Ok 1 2 On 2/1 Ok 21 tm 3/4 Ok 4 On 24/2* la* 5 Ok 5/6 Ok 27/20 la 6/4 Ok I Ok X L» 10 feit Armat "TAMEM.ANE' Nn 16 To: US ATLANTIC US GULF I
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      472 14 1 FULLY CONTAfOBED SERVICE KUWAIT 1/12 31/12 B. SHAHPUR 3/12 3/1 ALSO ACCEPTWG CARGO FOR BAHRAM AND ABU DHABI K* Kim /NIPPffIG V TPAOIftG PTC. LTD ■Ti rl Tetet KMSPEEO RS ***** V»1 Tel *****37 *****11 EVERGREEN LINE (EVERGREEN MARINE CORPORATION) FAR EAST/RED SEA, MEDITERRANEAN SEA 1 EXPRESS FULL CONTAINER
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      873 14 Everett Line v Five Star Skippiaf Cerpa. 'BUBMESEjyATIONAL LINE 1 B.F.S.S.C Agents m Malaysia TEPS MALAYSIA Port Kelanc TH (38) 7355 Penang Td. *****/***** m mi laterceatMeatel S. A. C.I. F. ENfINE NATIONAL LINE" *S«MKt to wdwcmwnl Cvpl Transport toon Maritime Mexicsna S. A. "MEXICAN NATIONAL LINE" m asT/aco com*
      873 words
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      Page 14 Advertisements Column 5
      816 14 A A 131 SANKYO LINE AUSTRALIA SERVICE WUWH KKLJCUTD MPBRT 14/17 NOV OMI, PRE M POTT STD.ICL.MKL 15/14 OK 17/11 OK SVD. MEL. NXL BANGLADESH SERVICE GENERAL AGENTS OONTAMR BOOKMG ION) AGENTS P KELANG PfNANG 11/19 NOV 15/17 NOV CMTTAGONB. CHMJU OCEAN SHPPINC I ENTERPRISES PTE LTD SHGATOK TEL *****44/;
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      787 15 QCL Overseas Containers Limited CONTAiPttHP SOWCt TO UR/CONTIINT: CaWMWDBWf gRWCE FROM UK/CONTMNT: c u Kburg Br em tan Hatre Stan P Kelang S *»e UMc SaM Uri faU SaM W 13 Nn IS Nn MLKS ar" SaM 21 «n 23 Nn HK. KS f**l» faM hM UU SaM 24N* HK.KS
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      Page 15 Advertisements Column 2
      761 15 GRANARD LINE RELIABLE t DEPENDABLE NON-CONFERENCE EXdIESS SERVICE NEST BOUND-FAR EAST/MEDfTERRMCAN S'pm M*a| P mmc Lm*h tar H» MM MK VIM— SjM II lb. II Mm D»bout. P SaO Amandna P Sj* Alexandria Beirut Lattafcia Piraeus Tnpot MV.MMMNV.2W 17 Ok 19 OK OK aS^sSnS/ Ateiandria Be*«t lattatua. Pireaw Tripoli Beaghan
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      758 15 n7> wemope taw Eipresi Kaautara Mm BEN LINE CONTAINERS EXPRESS COffTMNEX SCItVICC TO/FROM EUROPE H'BURG B'HAVFN R DAM HAWf SOTQM Sport r KeiMic WOnMm tasliu Wn| France Al UK 11/11 7/1? J/12 li/15 ii/n Car*naßay MM MM a? «f («*»(•> OMfafar CHANGE OF TELEPHONE a ,1 ill a 33 ItiflS
      758 words
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      655 15 Scan Dutch V 1) G tor| 2) Ktwt 3) lw 4) llw 5) l«H t) Vwte P IM«t Spare VM SaM 24/11 71/11 hM M mm kW MM 1«/11 2/1? a/U Ml 11 MM M/U IVII IVU a/U l/U l/U a/u sin u/u a/u a/u 4/u a/12 11/u VU 4/12
      655 words
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      Page 15 Advertisements Column 5
      543 15 GUTHRIE BOUSTEAD Sf E G s THE BANK LINE LTD. loads fmt.it tnacA munii E SIM! m U ft. spot* v/nnm p mmi i/«dk P Mang 20/* Nn Sport P Mang 27 Mr/ J Ooc S port 4/ I tec EXPRESS SERVICE DMECT FROM SINGAPORE TO NEW ORLEANS. MOBS.E. HOUSTON.
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  • Page 16 Advertisements
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      878 16 K LINE KAWASAKI KISEN KAISHA. LTD. fIBBUnfIUfISBB (VIA SUEZ by Cart** V«m* TO EUROPE Spore P Ketang t Havre H burg Bremen R 4am A «trp »Tl* COOAI 1M II Nov 15 Nov 1 7Dk 5Dk 10 0k 11 Ok 13 Dk CHEVAIIR P«UM3* 28 Nov 27 Ibv IS Dk
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      Page 16 Advertisements Column 2
      813 16 U.S.A./EAST CANADA SERVICE Manw ra/ia cortmkb foom penang. p. num. store Load* tar m TQM. CMK* RVOU Ptnang Mmi P U«| InfMiii 10 NMMYA nuflOM (NBA S») 77/21 Mm 20/MNw Nat 22/ M Dm E.C./GREAT LAKES SERVICE Laadtag to: NOBFOU m TOM. MONTREAL. TORONTO. ASHTAMJLA OCTtOfT CMCAfiO. CALIFORNIA/PACIfIC NORTH WEST
      813 words
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      Page 16 Advertisements Column 3
      804 16 I NEPTUNE ORIENT UNES LTD FULLY CONTAINEKISED SERVICES: I FAR-EAST/EUROPE FULLY CONTAXERtSED SERVICE ttym. pin *NN 27 NN 2fcc 30K 10K 110K I7 °K 110K Ok 15 OK IJH is R mmtm CMMTUMI TO HHP FROM jjUjUfc OK 14 OK 15 0K Ok 20 OK 21 OK Ok j 270k
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      Page 16 Advertisements Column 4
      537 16 tUOAYSIAN INTVtMATtOMAL SHtWNG CO*K)*AnON KttHAO EXPRESS FULLY CONTAINERISED BERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA Spore 1) MmPcs 2) Mam 3) H'bw| 4) Gbur 11/11 N/11 5/12 7/12 6/12 MM 26/11 6/12 14/12 11/12 11/12 25/11 WIUMM 4/12 17/12 22/12 M/ 12 21/12 l/u ann 12/12 25/12 30/12 2/1 y 1 II) Norata*. Com.
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      576 16 t INTRfISEfI (PTE) LTD I M> .vjf Oich.iK 4 Road Smc fplpphone REGUAR MKPMXNI SM/FUU CONTAKR SERVICE TO S port P Wmi PtoM| Lao** tar Ito 17 Nn MPart «w hot ma Z3. Line STRAITS/AUSTRALIA SERVICE S- W° re P Kelar Lm*«| Mr DC VOY 10A.. 20 Nav II Nm
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      Page 17 Advertisements Column 1
      134 17 GERMATRANS New Express Monthly Independent Semt&mtamer Service from Singapore to Antwerp. Rotterdam and Hamburg. f VESSELS YEMMLT WUfOHL MfTIOP RDMfI MMMI e&rma lady 1978 27/111/12 26 Dec. 28 Oec 30 Ok. ma Geisha 1978 30/121/1 26 lan. 28 Jan. 30 Jm. m# *«PPd 1978 30/1-1/2 26 Feb. 28 Feb. 2
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      Page 17 Advertisements Column 2
      123 17 g Seatrain Fut Container Service to USA ia rrQK M OM u «r c/c JVU IVI2 11/12 a/12 21/12 1/12 27/12 25/12 VI VI Fut Container Service from USA Vll IVM 2VM 17/11 11/11 27/1* vil u/ll Vll 2VH 7/12 Optora Shipping m: *****44/*****82 Mr *****3/*****3 *****/*****. WST BOUND LOADMG
      123 words
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      Page 17 Advertisements Column 3
      102 17 EGYPTIAN EGYPTIAN FLAG FAST AND HRECT UNEK SERVICE TO EGYPT (PORT SAD ALEXANDRIA) sroi ptk& ram ntm na Mat mh n mum» tacit «fl GENERAL AGENTS: L.N. SHIPPING PTE LTD T«l: *****) 1 (Singapore) TLX R*****7 Bk 4 he I •k n kc v tm \i im 14 SUR-AGENTS: N.S.N.
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      Page 17 Advertisements Column 4
      146 17 OCEAN A CONTINENTAL ENTERPRISE PTE LTD TEL 91'233 *****4 ***** ***** 9•4 SEGULASSAniNGSTO BANGKOK S'N" (MXETTMC GEN CAMO. CONTNNUS t MEAVTUTTS) mm ASEM EMXAVOUR ¥0Y 101 <*) 14/14 Nw :2 t p: HOLD MKT LID Tit 233(213 CM.LMC ran RCIJMC SUBKCT TO MDUCLMENT MKT LID P. Mat MMBOH ill F
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      Page 17 Advertisements Column 5
      37 17 DON* BUE LINK m.v. oonc mm VOT. IVTi i-11-7* tl PSA OOOOWN A OMMtmi «wj lf |t cargo discharged n the •tow VMMI will to toM oo Monday Mb November. tm froa I.N t.a. to ixs P4cmc
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