The Business Times, 16 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/T8 THURSDAY, NOVEMBER IC, lf» 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Incentives grouse
      60 1 Reuter WASHINGTON, Wed. US Treasury Assistant Secretary Fred Bergsten said the US seeks international agreements to limit the incentives nations can use to attract investment by multinational corporations. Mr. Bergsten specifically complained about investment incentives offered by Canada, Britain, Brazil and Mexico. "If these measures continue to proliferate,
      Reuter  -  60 words
    • Article
      Aseon consolidates
      45 1 KUALA LUMPUR, Wed.— Asean economic ministers will meet here next month to map out new strategies to effect greater economic cooperation among the member states. The meeting, to be held from Dec 6 to 8, will be the seventh session to be convened.
      45 words
    • Article
      D.Sharock takeover
      58 1 KUALA LUMPUR, Wed.— One of the world's leading chemical and petroleum companies Diamond Shamrock Corporation of Cleveland has moved into Malaysia by acquiring Ansul (Far East) Sdn Bhd. The US firm's president and chief executive, Mr. H.Bricker, made a brief visit here recently to meet Malaysian government officials
      58 words
    • Article
      Lock icon Dollar rallies
      55 1 UPI TOKYO, Wed.— The US dollar rallied against the yen in Tokyo today, closing trading at 190.06 yen, up from 188.65 at Tuesday's close. Turnover totalled US$437 million, up from $311 million the previous day. The American currency was bought actively as traders anticipated that it would stabilise
      UPI  -  55 words
    • Article
      Lock icon Tension persists
      62 1 UPI TEHERAN, Wed.— About 75 per cent of Iran's 67,000 oil workers are now back at their jobs, American oil experts said today, but there is still considerable tension in the industry. The National Iranian Oil Company said that "crude oil output is now about three million barrels
      UPI  -  62 words
    • Article
      Lock icon Yamani's balm
      65 1 AP PARIS, Wed Saudi Arabian Oil Minister Sheikh Ahmed Zaki Yamani has told a French television audience that future increases in oil prices should be carried out gradually so as not to disrupt the world economy. The oil price increases are in the long run in the interests
      AP  -  65 words
    • Article
      Lock icon China seeks UN aid
      54 1 Reuter UNITED NATIONS, Wed.— China, which has identified itself with the Third World and spurned any great power role since it entered the UN in 1971, has asked the world body for development aid, officials said today. This is the first time China has approached the
      Reuter  -  54 words
    • Article
      Lock icon Dow Jones
      48 1 AP NEW YORK, Wed.— The stock market turned broadly higher this morning after two days of sharp losses. The Dow Jones industrial average of 30 industrials was ahead by 7.97 at 793.23 after the first half-hour. Advances outstripped declines 2 to 1 among the NYSE-issues.— AP.
      AP  -  48 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      115 1 Rises Most Active CCM 900 +20 Sealion 354,000 SmJIM 193 12 S Darby 265,000 9aU»«or Dradg 400 >10 H Par 233.000 DunJop lad a— t Liih Barjuntai Nat lroa 430 332 875 580 +8 +8 +5 +-5 Consplant 184,000 Total Turnover: 4.67m Total Value: $10.55m UOL Tractor*
      115 words
    • Article, Illustration
      In Kuala Lumpur
      132 1 Sea view Rises 100 15 15 12 10 10 Most Active OCBC 785 S Darby 361,000 M Tobacco 398 220 Consplant 239.000 K Sidim Kulim 196,000 CCM 500 H Par 195,000 Troooh 670 10 Total Turnover: 2.52m C Sugars 302 07 Total Value: M$5.63m Tan Chong 289
      132 words
  • Article
    NTUC, Labour Ministry to occupy former Poly site
    237 1 HOPES OF AN early redevelopment of the 10-acre site occupied by the Singapore Polytechnic at Prince Edward Road appears to have ended. News is out that the main campus is now occupied by some sections of the Ministry of Labour and its
    237 words
  • Article
    Japan's ship output in '79
    62 1 m. THE JAPAN Shipbuilders' Association plans to have the nation's seven largest shipbuilding companies hold down operations during fiscal 1979 to an average 35 per cent of the fiscal 1974 peak level, Mr. Hisashi Shinto, president of the association, said yesterday. Mr. Shinto said the
    62 words
  • Article
    Ship disaster fallout hits the insurers
    530 1  -  $7m IN COMPENSATION Bv QUEK PECK LIM INSURANCE companies, Just beginning to count the cost of the Spyros disaster have come to the preliminary estimate that on workmen's compensation alone, they may be required to pay out about $7 million. This is understood to
    530 words
  • Article
    Plantation Holdings plans two-way split
    805 1  -  By SUSAN BEVAN PLANTATION Holdings, the British-based estate and light engineering company is to split itself into its Malaysian and British components which will be held in two separate companies one of them Malaysian. This will occur, the company says, regardless of the outcome of
    805 words
  • Article
    Four new faces for Metal Box board
    247 1 METAL Bex Tiff iff (MBS) yesterday revealed the bbbms sf the tear new faces thai will he Its heard fetlewiag Praser aai Neave aai Malayan In this eaa-maklag r, !T£ tear, three an spprintei by the P and N D —r i miiiin
    247 words
  • Article
    Devaluation, bold steps to boost Indonesia
    672 1  -  ®y JOHN TAN THE INDONESIAN rupiah has been devalued 50 per cent against the US dollar, Economy Minister Widjojo Nitisastro said yesterday. The rupiah will now be freed from its fixed parity with the dollar, and will be managed in a float against a
    672 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      5 1 Maxell CLEAN CLEAR SOUND ALWAYS
      5 words
    • Advertisement
      Page 1 Advertisements Column 2
      118 1 KHMC3 OF THE ROAD Peugeot is riding high these days. It is not only Europe's top auto manufacturer but also the fifth largest in the whole world. Not bad for a family concern! To make France the only country that can rival the motor industry of America and Japan, Peugeot
      118 words
    • Advertisement
      Page 1 Advertisements Column 3
      17 1 33 SHIPPING TIMES Hfe PAROCHIALISM «f "Mi yi^- YBIA h>>ei te githeie BBRBB trade flgarea hit J^PAN^f
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    • Advertisement
      Page 1 Advertisements Column 4
      322 1 (I AKAIPROU Nowadays we csn't thtnk of a better way to presentt quality sound system than the The audio experts at the Akai laboratory studios tn Japan have selected f+ntef com pone eu and naatiy fated them into a upright shelf that's tndy space savmg, functional and modem. The Pro
      322 words
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  • TRADE AND INDUSTRY
    • Article
      KL's frozen prawns sell well
      252 2 MALAYSIA'S frozen cooked prawns industry has come through its teething stage, and has now reached a standard where factories processing the prawns are able to face fierce overseas competition, Mr. Oh Kay Seng, chairman of the Malaysian Frozen Foods Processors' Association, said in Penang. He
      252 words
    • Article
      Lock icon More plywood for Hongkong
      158 2 UPI HONGKONG dislodged the United States as the leading buyer of Philippine plywood and veneer in the first nine months of this year. A report from the Philippine Trade Ministry yesterday stated Hongkong imported U5531.35 million (over Ss6B million) worth of plywood and veneer from January
      UPI  -  158 words
    • Article
      Something for the chief executives
      108 2 THE Singapore Institute of Management. will conduct tour courses,'with the first on Nov 27 at the Shangri-La Hi tel. This is a course on chief executive and his climate." 11m course leader will be Dr. Patrick Kehoe and the &is $125 for members and for
      108 words
    • Article, Illustration
      When Government will intervene in life insurance
      609 2  -  By SOH TIANG KENG GOVERNMENTintervention may become necessary if the life insurance industry fails to regulate itself. This warning was given yesterday by Mr. Vincent Chua, president of the Life Underwriters Association of Singapore (LUA). Speaking to life insurance agents at the three-day
      609 words
    • Article, Illustration
      Ignorance of marketing
      277 2 HARD, pushy, aggressive aad even ebooxieus. This Is the public image of the insurance salesman, according to a management consultant, Mr. Tan Son Jin. But this image, he maintains, represents n distorted view of insurance salesmen In general. Speaking on effective sales management at the First Sales
      277 words
    • Article
      PAL has agreed to buy two Airbuses
      199 2 PHILIPPINE Airlines (PAL) has agreed to buy two European Airbus medium-haul wide-bodied Jets costing about US$3O million (SKO.3 million) each, the Business Day newspaper reported in Manila. The airline is still negotiating funding (or the purchases with a Japanese financial consortium led by
      199 words
    • Article
      Lock icon More pesos for Manila's development
      63 2 UPI PHILIPPINE Economic Planning Minister Gerardo Stent said on Tuesday the government next year will channel about two Nllfrm pews (SKS million) in additional capital outlay Jor development. President Marcos three roooths ago approved a 32.2bUlion peso budget for next year. The government next year
      UPI  -  63 words
    • Article, Illustration
      NEW TELESCOPE IS FOCUS OF ATTENTION
      602 2 A NEW optical telescope, which combines three major technological advances at a quarter of the cost of a conventional instrument, has been proposed as a national facility for Australian universities. Engineers from the Australian National University's Mount Stromlo and Siding Spring Observatories use overseas
      602 words
    • Article
      Lock icon Bank of Montreal in Seoul
      124 2 Reuter THE BANK of Montreal will open a branch in Seoul next Monday. The branch would offer a full range of commercial services. The bank has provided about US$BO million (SJI7S million) in offshore loans to Korean firms this year and is expected to lend
      Reuter  -  124 words
    • Article
      Lock icon Pakistan signs oil hunt pact with Gulf
      215 2 AFP PAKISTAN has signed an agreement with the Gulf Oil Company of the US for exploration and production of petroleum in the country. Under the agreement Gulf will share 85 per cent of the expenditures during the exploration while Oil and Gas Development
      AFP  -  215 words
    • Article
      Lock icon US-JAPAN TEXTILE TALKS FAIL
      109 2 AFP THE UNITED States and Japan have failed to conclude a bilateral textile accord. In recent talks at Geneva, Japan rejected a stricter-than-expecied US proposal for control over Japanese exports to the US, said the Ministry of International Trade and Industry. The talks will be resumed
      AFP  -  109 words
    • Article
      Asean wants formal accord with EEC
      232 3 ASEAN will propose a formal cooperation agreement with the European Economic Community (EEC) at the first Asean-EEC ministerial meeting in Brussels next Monday. The agreement will lay the foundation for better economic »«h political relationship between the five Asean countries and the nine EEC
      232 words
    • Article, Illustration
      British expert plugs overheating peril
      383 3 A BRITISH expert on electrical equipment standards and safety has warned of the possible dangers of using more than two plugs in each power adaptor. Adding more plugs to an adaptor will not only cause overloading and overheating of critical sockets and plug parts, but
      383 words
    • Article
      Seminar on tall building design
      202 3 A THREE-DAY seminar on "Tall buildings design and analysis" will be held from Nov 22 to 24 at the Goodwood Park Hotel. More than 0) participants from Malaysia, Indonesia, Brunei, Hongkong and Singapore will attend the seminar which is organised by Com pa International. Leading
      202 words
    • Article
      UAL INTEREST IN CHINA HOTELS
      235 3 UAL Incorporated, the parent firm of United Airlines, yesterday became the second US airline company to express interest in building hotels in China. Pan American World Airways said late last week it planned to build a number of hotels in China costing about US$5OO million
      235 words
    • Article
      MEMO PAD
      391 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 Nov 6-17: Export Marketing, Hotel Royal-Ramada, NPB. Nov 6-Jan 27: Life insurance agents certificate course (English and
      391 words
    • Article
      Free Asia from Western media influence
      70 3 PHILIPPINE Prudiiwt Mann yartßftoy aaderie«r(i the vital role pSEisrars IWlllft ui eqwrti to wmtk toward jy yJrte rtttHrf SL'ar'al «5t Adiraaring the 11th AiUa Aivtrtlilag Cyw» ke EZ nto'iistog tke regtoa'a depeadeaee U* Worton nwiiflu Tke Weston hHU, mU Mr. Mihw, kad dtotortoi m
      70 words
    • Article, Illustration
      Malaysia aims to be car component base
      622 3 ASEAN, EUROPEAN MARKETS MALAYSIA may become a manufacturing base lor automotive components tar the Aseaa market, according to Malaysian Deputy Prime Minister Datuk Seri Dr Makathir Mohamad. "It is most encouraging to hear hueiwasmi n of Joint Malaysian-Japanese technology to manufacture goods In
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  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      591 2 CRYPTIC PUZZLE ACROSS 1 Moist, yet may be on fire (4) 4 Small fastener but heavy 8 Bronco buster's horse, It appears (3) 10 Exchange PoWi, 13 EirrUted, aybe Cora's on cigars! (7) 15 Give a shot In the arm? <«> 17 Eve? (5, 4) 21 Negative In any form
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      103 3 ¥ju want the best service to theUSA and Canada? Wfe\egotit. f v.-r t We '11 speed you to the States and Canada any day you choose.^^^^E Just take our 10.30 p. one-stop hop to London for an unbeatable choice non-stop connecting flights to Boston, Chicago, f Los Angeles, Miami, New
      103 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      423 4 THE SINGAPORE rubber market yesterday closed slightly higher with December One RSS buyers quoted at 252.25 cents per kilo, up one cent from Tuesday's close. The afternoon session was quietly steady and closed unchanged from noon as operators became cautious, dealers said. The morning session closed
      423 words
    • Article
      RAS PRICES
      349 4 Prices In cents per kilo yesterday: Noon (per Ulo) Buyers Sellers Int. 1 R.S S. prompt l o b 249.50 250.50N Int. 1 R.S.S. December 251.50 252.00. Int. 1 R.S.S. January 254.50 256.50 Int. 2 R.S.S. 245 50 246.50N UK Coat. 244.50 245.50N Int. 3 R.S.S 242.50 243.50N
      349 words
    • Article
      SSR and SMR
      99 4 NOON SSR and SMR prices yesterday: BAB (Cam Bsyon ■1 Mlk) i gdhn (FMwrtMlk) SSR 20 (1-ton pallet) pwk*> "J* 1 Um* parte) 236.00 241.00N 241.50 243.5QN SSR SO (1-ton pallet) 237 00 239 OON 239 50 241.50N M It E LBelfl SMRSCV (1-ton pallet) 2G5.00 267.OON
      99 words
    • Article
      Closing prices
      31 4 Rubber: Nov 15 Singapore: December: 252.25 cents (up one cent) Malaysia: December: 252.75 cents (up 0.75 cent) Tin: M 51,885 (down $25) Official offering: 214 tonnes (down 29 tonnes)
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    • Article
      Rice
      180 4 BANGKOK rice prices were quoted as follows yesterday: (la US dollars per tonne FOB. basis Bangkok) Wttte itoa: 100 pet Ist class 350, 100 pet tad class 335. 100 pet 3rd class 330. 5 pet 333. 10 pet 300. 15 pet 85. 30 pet 390, 8 pet 385, 35
      180 words
    • Article
      Cocoa
      128 4 COCOA futures in London yesterday steadied initially against New York, then advanced further to end the opening cell £15 to £18 higher. Turnover was G57 lots including 151 crosseg. Traders said good commission-bouse interest brought added'short-cover-ing, attracted fresh buying and pushed the market to the highs at end-call. No
      128 words
    • Article
      Produce exchange
      409 4 COMMODITY prices finished mixed in quiet and featureless trading at the Singapore produce market yesterday. Coconut oil and copra gained what they lost the day before following the marking up of prices by the Philippines. Sentiment in this sector at the market was also aided by the good
      409 words
    • Article
      Hongkong Comex
      186 4 THE SUGAR futures market yesterday closed slightly firmer in continued quiet trading, with five lots traded against Tuesday's 15. Gains ranged from 0.03 to 0.08 US cents, while net open positions after Tuesday's trading totalled 27 lots, dealers said. ctaMjsgprfccs: Jan MO/1* 8.00/10 Mcfc 8.70/00 8.00/71 May BJO/M
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    • Article
      SPOT PRICES
      170 4 TARN ate cotton la dollars, spot ex-godoara: Cskea yaea: CMaa Blur ptoeM* m too. m tm. m tm (per bate at Qa). Im* feeds: Cite Butterfly ate Globe braad aaq, Dragon Head aaq; Fh* Lamb*.uu); Flow ate Butterfly uaq. Flying Oeaae uaq laches by Myank). 4J4; MM* 4.M;
      170 words
    • Article
      Coffee
      217 4 ROBUSTA futures in London yesterday ended the opening call about steady, £2 up to unchanged from Tuesday in sales at 100 lots. Dealers said initial gsitw were around £6 basis March at £1,351 but early buying interest dried up and values drifted to around overnight levels by end session.
      217 words
    • Article
      Straits tin
      176 4 THE STRAITS tin price in Ptnang yesterday Ml a further MJ2S to H. 385 per picul. The continued weakness stemmed (ran a lack of buyers at higher levels, even though n smaller volume of tin was delivered and there was a London recovery on Tuesday. Total turnover decreased
      176 words
    • Article
      Sugar
      187 4 SUGAR futures in London yesterday drifted marginally lower around kerb levels at the opening. There were 852 lots traded including 804 kerb trades, in very quiet trading. Light commission-bouse selling was initially well absorbed by the trade and, although prices drifted on the downside, there were signs of a
      187 words
    • Article
      Lead
      92 4 LEAD ended the morning £14.25 down for cash and £12 lower (or Three Months. The market again came under pressure from long liquidation, chartist selling and stop-kw orders which took Three Months down to £365 per tonne, a new low for the current move. This compares with a high
      92 words
    • Article
      Zinc
      83 4 ZINC was £4.25 down for cash and £4 lower for Three Months in London yesterday. Dealers said the market was again pulled lower by the trend in lead but, as in recent sessions, the fall was not as much as in the other metals. Three Months traded down to
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    • Article
      Soybean
      126 4 CHICAGO soybean futures closed two to 5V4 US cents a bushel lower following an afternoon of choppy, mostly local trade, on Tuesday. A late feature was selling by an export Arm whose heavy buying on Monday was largely respouible for preventing s sharply lower finish. Soybean meal futures cut
      126 words
    • Article
      Wheat
      77 4 WHEAT futures in Chicago on Tuesday ended near session lows after retracing the losses they nearly shed in a midday short-covering rally. Prices closed down JVi to SV« US cents a bushel. Morning declines came on proftsritml and commer- cial selling but were trimmed as Aorts were covered. Reasons
      77 words
    • Article
      Palm oil
      67 4 CJ T. North European ports. In US dollars per (on unlet* otherwise stated LONDON: Monday Previous Malaysian 5%ffa bulk pe r tonne January unch Nhlr Sumatra 5% tta bulk Afloat uneh M6pd November OBpd OBalr December OOpd •ISpd •BHslr January •tOslr/ February 612'tpd unch 617'i sir March/April N£prj»S%Ha
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    • Article
      Copper
      277 4 COPPER wtrebars in London yesterday finished the morning down £2.5 for cash and £3 for Three Months. The early pre-market was steady on covering against overnight us physical demand but the higher levels were not held as sporadic profit-taking and liquidation developed following a further bout at selling in
      277 words
    • Article
      Silver
      142 4 SILVER closed at HK5276.50 per 10 ounces in Hongkong yesterday, unchanged from Monday's close, in continued quiet trading, dealers said. The day's fixing price was also unchanged at HKJ276.50. On the LONDON Metal Exchange, silver was down 1.2 to 1.4 pence per troy ounce. The gains in US futures
      142 words
    • Article
      Gold
      361 4 THE KILOBAR in Singapore opened at 5H4.730 yesterday, and closed bearishly at $14,099. The high and low were $14,733 and 114,638, respectively. The market was fairly active. Spot gold for London delivery opened at US$3OB.OO/209.09 and closed lower at US$30 7 JO/TO. The high was USS3O9J9/309.99 while the low
      361 words
    • Article
      Aluminium
      65 4 ALUMINIUM was £3 per tonne down. The market eased In the ring under commissionhouse selling until mixed buying and short-cowering rallied values from a low of £SM up to £586 per tonne. Dealers said the market has fallen from its highest levels of £614.50 a week ago against the
      65 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        448 4 THE US dollar firmed against major currencies in yesterday's trading on the foreign exchange market. Against the yen, it opened at 199.00/10 and was taken op to 10.75/85 later in the day. It reached the day's high of 190.10/20 in late afternoon trading but lost some points and
        448 words
      • Article
        Asian $ rates
        167 4 Asian rates ASIAN currency deposit Interbank rates as at cloae on Not 15: US IMU»<8«t) Offer Mi 7dajra 10'* 10 1 month 15/16 13/18 2 months 11V16 11 VIC 3 months 11 U/lt 11 months 12H 12 months 12 11H 12 months 11 l&/l« 1113/18 NJn. fICUiU Dm. 1 month
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      • Article
        Discount
        52 4 ftaac* of p rtoM kjr ilecemet kM M Nov 1ft: Ovtrmlfkl »(«1H Call Itpotlu cwn m_ a m 3 month Mjriac H>W< Treasury bUli l 3H 3V. 3 month Bank bills 6H 8 1 3 month CD 7 1/16 1V16 6 month CD 79/16 7 3/16 Source: National Discount
        52 words
      • Article
        MLR
        21 4 THE av«rage rate at which Singapore hanks are currently prepared to lend to their best customers is 7.5 per cent.
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      • Article
        Treasury bill tender
        43 4 THE MONETARY Authority of Singapore has invited banks and discount houses to tender for a total of $30 million 91-day Treasury bills to be issued from Nov 20 to Nov 24. Each tender must not be (or less than 1250,000.
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      • Article
        London
        204 4 THE DOLLAR yesterday opened firm at 1.8955/65 marks from 1.8863/73 overnight as the continued European central bank support deterred sellers in an otherwise quiet market, dealers said. It opened at 190.00/190.15 yen, in line with the day's Tokyo close, following the news that on a customs clearance basis the
        204 words
      • Article
        Hongkong
        208 4 THE US dollar yesterday rose in fairly active late trading on news that Japan's October customs clearance trade surplus fell to US$l.53 bUtton tram 52.09 button in September, dealers said. They said the US currency rase to a 190.15 yen high in immediate reaction to the news but eased
        208 words
      • Article
        New York
        142 4 THE DOLLAR on Tuesday closed little changed from its opening levels, and Monday's rinsing levels, in relatively quiet trading. Dealers said the unit again appeared to be bolstered by New York Federal Reserve Bank intervention and European central hanks intervention In tradii« that was otherwise uneventful. The deutschemark
        142 words
      • Article
        Tokyo
        144 4 THE DOLLAR for overnight delivery yesterday closed higher at 190.05 yen, compared with a 199.00 opening and 188.70 at TMsday's close. The US currency strengthened in moderate trading as Japanese traders and manufacturers increased import covering, while some Japanese and foreign hanks bought dollars to adJust positions, dealers said.
        144 words
      • Article
        Australia/NZ
        55 4 AUSTRALIA and New Zen land exchanges on Nov 15: AUSTRALIA: US dollar I.ISM/1.M13 Tli i Mag I) HTI I'll Nlacty-day afcvall buytac rates SlerHas 0 Ul» US dollar 1.1944 WHT dij forward layln mm: swrttsgaae US dollar 1.1391 NEW ZEALAND Shrk|lSM/UIB US drtfcr IMUICS Ntaoty-day alnaall baytaf ratco: sweat
        55 words
      • Article
        Zurich
        33 4 ZURICH rii haiijn "»—»"g quotas on Nov M: £-iSZSi Caa- IJN7 SS DPI —IMBMMM4 F Ft V JSB-HM Bfr-IWMMt DKr-&jnUtt7 NKr-BJBMm Ltt-ttMMM AM K* UJ***** Port-UTHMM spaia iasm Art *17-17 Tea JQMM2
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      141 4 NOW in FONTAN Paperback ■p'o3^-' H }|ia 2 3 iki ROBERT ELEGANT -f I :> SI "Power and poignancv descriptive brillance."* CHICAGO TRIBU THE SEKLOONGS are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong has built a vast trading empire, renowned throughout the east. But there are
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  • OVERSEAS
    • Article
      Lock icon Callaghan is blowing hot and cold
      769 5 EEC MEMBERSHIP Agencies PRIME Minister James Callaghan said Britain will stay in the European Common Market, hours after be had attacked the cost of belonging to it. In the House of Commons, the Premier was pressed by anti-market lawmakers of the governing Labour Party
      Agencies  -  769 words
    • Article
      Lock icon Talks on Swiss EMS association in '79
      452 5 Reuter UPI THE possible association of Switzerland in the European monetary system (EMS) will only be discussed by the European Commission after Jan 1, president Roy Jenkins said in Berne. The communique published after the Bremen summit clearly leaves the door open for
      Reuter; UPI  -  452 words
    • WORLD IN BRIEF
      • Article
        Lock icon U.S. PRIME MAY HIT 13pc
        468 5 Agencies A US bank prime lending rate of 13 per cent or even higher is conceivable under present economic conditions, according to ContinentiaJ Illinois Bank chairman Roger Anderson. He was asked after a National Foreign Trade convention in New York to comment on recent forecasts
        Agencies  -  468 words
    • Article
      Lock icon Britain's trade figures best since April
      242 5 Reuter BRITAIN announced on Tuesday its best trade figures since April, including record sales by the country's exporters. The government's figures showed a balance of payments surplus of £209 million (***** million) for October, compared with a deficit in September of £140 million. Most
      Reuter  -  242 words
    • Article
      Lock icon Poor returns on US stockpile
      379 5 AP THE STOCKPILING o< materials for wartime has not been good far American taxpayers from an economic standpoint, two economists told Congress on Tuesday. Testifying on the financial merits of stockpiling, the economists said the US government could do better by selling <rff its stockpiles
      AP  -  379 words
    • Article, Illustration
      ATOMIC BALL POINTS
      170 5 SCIENTISTS at Britain's Harwell at—ie eaergy meareh establisbmat have discovered a rhrspnr way sf predadag beiipsiats for Dariag werk ea the devclepmeat sf aactoar faeis, adnthh feaad they were prefacing ttn balls mi eertala exldes aid eara ■"•Wj WBIC® WCrC VI m I iBHIBIfBI slae aad the
      170 words
    • Article
      DECISION ON QUOTAS
      96 5 THE International Sugar Council (ISC) is to meet in London tomorrow to agree on global export quotas for producer members and to compile the first estimate of import requirements, in both cases for 1979. These decisions will be taken in the light of recommendations from the council's
      96 words
    • Article
      Lock icon Eight energy technologies selected
      333 5 Reuter THE 'US Department of Energy yesterday announced its selection of eight energy technologies it will push for immediate commercial use in the effort to cut reliance on imported oil. The approaches range from use of high efficiency motors and enhanced oil recovery to small hydroelectric
      Reuter  -  333 words
    • Article
      Lock icon SLATER SEES SLOWER GROWTH AHEAD
      166 5 Reuter THE US economy is forecast to experience "somewhat lower" growth in 1979 and that unemployment probably will rise from this year's level. Chief economist st the US State Department Courtenay Slater told the US Agriculture Department's food and agricultural outlook conference that a dramatic,
      Reuter  -  166 words
    • Article
      Every 3 months
      81 5 OPEC may introduce periodic adjustments of oil prices next Jan 1, Venezuelan Minister of Energy and Mines Valentin Hernandez said in an interview with the magazine Autentico in Caracas. These adjustments could take place every three months and could range from 2 to 3 per cent, for
      81 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      719 5 ARRIVALS Service Local Operator Nanber Time From MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1006 HLP RBA BOO 1030 BWN GIA GAM) 1030 HLP MAS MH606 1045 KUL SIA SQ1G3 1045 KUL SIA SQ209 IOC HLP GIA CA944 1055 PKU GIA GA908 1100 MES
      719 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      108 5 *> V M.V a* > y i >? Si' i 1 ii v;*' -A V -5* 'J'-:, ■<£• 4 s" mm im r-.,* I $gf 1 H 15 P 1 *\gW« \v^- < > y v-Vr MP 4 W>s ■:< V v vf* vi -V, t ji p .f j"•
      108 words
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  • Article
    Insuring against intervention
    588 6 REMARKS by the president of the Life Underwriters Association that the government may intervene in the industry are certain to raise a great many eyebrows, including those of life insurance agents and the Insurance Commissioner himself. After all, the commissioner, in his speech the same day, had
    588 words
  • Article, Illustration
    Lock icon Italy's engineers build a new Roman empire abroad
    1907 6 The Italians are now the world's biggest builders abroad, an assertion they make based on their own calculations. But Italian companies have been highly successful in securing contracts overseas, espe- cially in developing countries. The problem is, how long will all this
    The Economist; Source:  -  1,907 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      164 6 J" Wf>* m HenkeUTrocken The award-winning sparkling wine from Germany. A »Mtm umßry product fnw r n w TV Mngmg Mai ting and danca tua toy out o« you Cnarmmg and attractwa d«e Lowa* Caiman f sizzling and «y*at*>g act lo a non-atoo toottunQ pop to <v 4 Hotel Royal-RAMAM
      164 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      59 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late mornReport far U 15 at the airport: to 7J9 pjn. aa Nav Maximum temperature 30.GC Associated humidity 67 Minimum temperature 23.5 C Associated humidity 96 Hours of sunshine 0.90 Rainfall in millimetres 29.5 Total rainfall for the
      59 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      282 6 'HRWDTO SINGAPORE 5 3.00 PM Opening announcements fot- lowed by The VR* Li** 3.30 Diary Of Events (Chinese)* 3.35 Home Sweet Home with Englisii subtitles (Repeat)* 4.20 Intermission 6.05 Operant announcements foNowed by What's My line 6.30 News in Brief* .35 The Struggle For Survival (Repeat)* 7.00 Samudra* 7.30 News
      282 words
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  • Article, Illustration
    Lock icon How Carter's economists pushed political aides out in the cold
    1330 7  -  We were worried a bank might fail somewhere By CLYDE FARNSWORTH NYT ON NOVEMBER 1 the United States took its most important monetary action of the past six years. In the process, President Carter for the first time gave more
    NYT  -  1,330 words
  • Article
    PLEASE CLARIFY SEALION ISSUE
    319 7 Letter to the Editor WE REPRODUCE below a letter to the Stock Exchange of Singapore, seat to ua for publication. Dear Star, I «kl te seek your advice aad dartOeaHsa with regard te eeleetiea d sacceaafd applicants la a pahhe lane. shareeta Ns2 "Su%lldl!l ladcntul caste
    319 words
  • Article
    STRAWS IN THE WIND
    518 7 A CERTAIN T»ny gave a large cocktail-party some time ago and invited many lady-executives to the occasion. At the end of the party, gifts were distributed as usual to the guests and some of the ladies found, to their consternation, that their prettily-wrapped parcels contained only
    518 words
  • Article
    The burp in our exporters' manners
    970 7  -  (FORUM, r 1 ...on Traders h By QUEK PECK LIM ONE IMPORTANT aspect that haa aot oflea beea explored In the debate about the activities of oar exporters fe the they often It aeems atnuage that after more than a nuliaj aad a half
    970 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      274 7 s i V-%- 't =•*> -£V i~ >'••<-r fi SMHHhini New Japanese Restaurant KIKU^I serving authentic Japanese food 4 A I<Pf \in \ikki lcni| xir, i shin 11 *siiki\.iki *shalxi sh<ifxi KIKU JAPANESE RESTAURANT y /M r J K X v. Oi?CHIDINN Tp 214 Dunearr P, ,k HOTEL ASIA 37
      274 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Shares continue to lose ground
      592 8 TOKYO Source: DBS-Daiwa THE MARKET continued to decline over a broad front yester- day. reflecting Tuesday's bearish mood. The Nikkei Dow-Jonea average temporarily broke below the Y5.900 level. Turnover was relatively light, although large capital stocks were heavily traded In the morning. In the morning
      Source: DBS-Daiwa  -  592 words
    • Article
      Lock icon Hongkong
      303 8 Source: SHK Sec Ltd tHE MARKET continued firm yesterday. Just before lunch, some profit-taking took prices jftt the top. In the afternoon, selling pressure built up and buyers ran for ■•over. Prices closed at their lowest and the market Is expected to open weak today. Hang Beng Index: 538.96
      Source: SHK Sec Ltd  -  303 words
    • Article
      Sydney
      318 8 THE MARKET closed lower yesterday following a setback on Wall Street overnight and on fears of rising Interest rates. In Industrials, BHP fell 12 cents to AM while the Bank of NSW also cloeed weaker at 90.00. Minings lost ground with Western Mining down six cents to 91.54, CRA
      318 words
    • Article
      Bangkok
      150 8 New. 11 Bangkok Bank BaH 400 uneh Bank of Ayudh ay* Ltd Bangkok Meuopo- W 1.001 -1 ♦110 ThaiDanu 483 Thai Farmer* Bank Industrial Finance IM uneh Corp :Sfi" SM unch Bangkok In*w tment 10 -10 Oencral Finance Lee Kwang Ming 430 10 354 urvch 110 ♦1 354 tm
      150 words
    • Article
      Manila
      83 8 NOV U Peaoe Acoje tuning 0106 uncn AUuCon A AtluCMI B 17 ♦0.4 BaculoOold 01 >0.0004 BencuetCon. B CDCP 21 +0 8 Inco B LandoU Lepanto B MM +0.01B Mannduque B 4 96 +0 0 Mfmico 1* SO 1.4 Oriental A Oriental B 073 urvch Phil Overseas 037 ♦0
      83 words
    • Article
      Jo'burg
      381 8 GOLD shares were narrowly mind In very quiet trade on Tuesday with a tendency to soften towards the doee, dealers said. Losses In heavyweights stretched to 335 cents. Mining finandals were mixed in line with producers. De Beers lost 15 cents to 735 on US selling while Anamlnt was
      381 words
    • Article
      Frankfurt stocks close firmer
      662 8 EUROPEAN MARKETS BUROPKAN bourses elOMd generally low on Tuesday. However. in PRANKrURT, •hare prleee cloead unmlto firmer after a weaker start, wtth the calmer situation In Iran and tfrhnwi factors Ukaly factors behind the upturn, dealers said. Metallgeeellschaft, which Is involved with Lurgl in a button
      662 words
    • Article
      Zurich
      138 8 NOV 14 Action* ButaM* tmn$i m OM -1 Alum Brown ■sua Br US +3 aoo -io n MO MO wo Br PC Rm im 15 lit 1 10 16 1 S 10 1 rr H MM B1 TO 'J m ir Br 66 OS jk rm M kl ir
      138 words
    • Article
      Amsterdam
      124 8 MOV 14 ru ABM Mt-M -M A1MM 11IM Akao WW AMEV n.W -4J Amlu IffM -i.7 AmiMBuk WW S3-.:::::::::: M M tuteb Bote BonumlJ -sir Brcnkorf M M Cmlvt Delft LM.M *2 DeUMlJ 1MM Fokkcr JI M Pbrd Ill 00 flimmt MM OrHrr OMbroc UM -1.1 Oofctln 71 M
      124 words
    • Article
      Paris
      164 8 NOV M Pr» coa Air-Liquid* BINMnU m DUOM -J C S P (TlHMnaonCW>_ •4 CbnuoiM «aa Pattoiaa HI ComMcnli Ftnaoeftm oBSSt'.... M M HI D» France -MM Mi Hi Hi II Bun -0.0 M)challn<B) 1*0 -10 -O.J f nai -4 prullpa (Oam ♦0.1 PrtntampaS A 1 10.00 -IJ SA
      164 words
    • Article
      Frankfurt
      62 8 rr t n tlMM t} i y*~*m 'i rffj ■Ilttttttt TD -Reftchsmart RweST A llO.tO mmnmm 290 00 -0 8 Sufdiuokfr -->••••• dOB Thjin Influ Thjrsacnt 97.M -0.5 110.80 *0.1 Veto 130.00 OJ I01B uncta Volkswmf*n 4H Bund AMom SI 341 JO -1.3 104.10 unci) t-VMPuttlM Ouinml) 0M Bund
      62 words
    • Article
      Further decline
      1011 8 NEW YORK STOCKS lost ground again In active trading on Tussday as interest rats and inflation worries combined with suggseUons of economic slowdown to discourage Investors. Analysts said liquidation of margin positions, mostly voluntary, brought about by falling stock prices and rising Interest rates, was also a factor.
      1,011 words
    • Article
      Brussels
      82 8 MOV M r™ fOBVAID Hi Acoe «n -4 ArtMd 2300 unch Artur 70* -10 Brmacan M0 -J Bru-Lunb 1510 unch Otnpac Cock MS -10 410 -1 188 unch 1 33M *10 10M -M MM +15 Oct Hobok Petro Rjrl Dutch ISM +M MM -M 3230 -40 100 410 040
      82 words
    • Article
      Milan
      75 8 AMOcOan 1 Baatag! 1 axio -i IS -i AM -1 m a n N •A 7» PUt AM A M -1 TT» -1 Plnsldir Oen Immob s. i M "-T40 n«i«KW M .1 14 -1 10 M S MM -i MM -1 EM M n kA M i i
      75 words
    • Article
      Toronto
      292 8 SHAHS prtcss dosed weaker In active trading on Tueeday as ths market followed New York's Volume totalled 3,1*5,707 aharee against 3,231,530 dam on Monday. The composite index fed mora than five points, with decMnos tn 11 of Ita 14 component groans. Declines led advancss M to lit. The real
      292 words
    • Article
      Selected Indices
      65 8 FINANCIAL TIMES INDUSTRIALS T>| fT rt«y tXl A Umtay 4"I4 J5 Week A"r* 488 Jb DOW JONU AVBtARF INDUSTRIALS Tuesday 7B6J M r iu*j Week em 800.07 LONDON DOLLAR PREMIUM TueecUy 81 v. toBM Monday ntnuvt HXHANG SENG Wednesday SEN Tuesday ME Week uo eeajg SYDNEY INDUSTRIAL! Wednesday
      65 words
    • Article
      Lock icon Arab issue by Kubota
      270 8 r < BONDS&LOANS Reuter KUBOTA Ltd of Tokyo has Mncd bonds worth DM SO million to a tending Arabian institution, international sources said. It was the first time that a Japanese enterprise has floated German currencyquoted bonds in an Arabian country. But the sources declined to
      Reuter  -  270 words
    • Article
      Lock icon Moody rating
      135 8 Reuter MOODY'S Investors Service said it sosignM a B-doubte A one rating to the USH2S million series II sscood Corp for the CKy of New York. This represents an upgrudk* in tke corporation's bond ratings, Moody's said Tke ootstnndlnc bonds of tke corporation were |ae»hmslj rated B-doubie A.
      Reuter  -  135 words
    • Article
      Lock icon Occidental Petroleum
      80 8 Reuter A DM 191 nriDton Eurobond guaranteed by Occidsntal IVUuit—a Corp will open the Maest L 2 MDlan mnrit foreign lonn cnlsndsr, bond It wfD be Qonted on Nov Cram Deutsche Bank AG. Deutsche wfll bring a DM MO taane for Oester* rstrkferke KontroHhsnlr AG on tke Nov
      Reuter  -  80 words
  • Page 8 Advertisements
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Unilever income up in third quarter
      584 9 EUROPEAN Reuter COMBINED third quarter 1978 pre-tax profit at Unilever rose to £171.2 million from £144.9 million last time. Combined sales were £2.49 billion compared with £2JB billion previously. Earnings per share came to 21.86p (18.00P). For the nine months ended Sept 30, combined
      Reuter  -  584 words
    • Article
      Lock icon Adidas wins trademark injunction in Seoul
      198 9 AFP THE West German sports goods maker Adidas woo a South Korean court Injunction on Tuesday to ban the illegal use of its trademark by South Korean makers. In its complaint to the Seoul district civil court, Adidas argued that many South Korean makers
      AFP  -  198 words
    • Article
      Lock icon Dunlop Holdings may have to cut back production
      162 9 Reuter DUNLOP Holdings said it could make no comment on press reports it is ready to close its tyre plant at Speke on Merseyslde. employing some 2,400 workers, and possibly cut back production elsewhere. But a spokesman said management was holding meetings
      Reuter  -  162 words
    • Article
      Lock icon Leyland to shut truck factory
      133 9 AFP LETLAND Vehicles, the heavy-lorry division of BatVmsUsed British Leyland, is to dose its Southall, London. factory with the loss of 2,150 Jobs, it announced ob Monday. The management told the trade concerned of its decision. It sakl that the factory was no longer commercially
      AFP  -  133 words
    • Article
      CHICAGO BOARD OPTIONS
      1580 9 November 14 CHICAGO Board Options Exchange volume ex panded to 160,826 contracts from 112,252 contract on Monday. OPTIC JAN APL JLY 8TOCK Alcoa Alcoa Alcoa Alcoa Am Exp Am Exp Am Exp Am Tel Am Tel Am Tel AtlR AtlR AtlR Avon Avon-P Avon Avon-P Avon Avon-P
      1,580 words
    • Article
      United Tech makes its offer for Carrier
      169 9 UNITED Tnkniliglis Winy (rem (he New York Attsrnsy fliniesPk OMee en far*tse > GMfftar Carp., began Ms after an Manhaaad nasgiiasiwls Js an mnny as 17 nfln Anns sf Cantor eamuasu •n the surtmee, this I'l'liif 1 nfosSTsf Cantor lw 9TN nfln. eneh'sf
      169 words
    • Article
      Schweppes out to raise its market share
      1052 9 N.AMERICAN LARGELY because of the marketing of the late Commander WMtehead. the btyu«|B« made by Cadbury Schweppes enjoy instant, positive identification among American consumers. Unfortunately, ao few shoppers actually go out and buy them that the will not disclose the embarrassingly low sales
      1,052 words
    • Article
      Lock icon German cartel office rules against Levi
      235 9 FT THE West German Cartel Office haa ruled agaiaet Levi Strauaa Germany's refusal to supply a retail chain in West Germany with Levi clothing becuuae of the customers' discount price nnHiw policy. The refUanl to deliver Is said to violate a "baa on rtlnrriminntion"
      FT  -  235 words
    • Article
      Nippon Steel up in first hall
      257 9 ASIAN NIPPON Steel Corp forecasts second half after-tax profit will rise slightly (ran 10.7 faUtton yen in the first half year ended Sept 10, if the yen-dollar exchange rate settles and if it can produce 15.8 million tonnes of erode steel in the second
      257 words
    • Article
      Lock icon Sumitomo Electric expects increase
      385 9 Reuter SUMITOMO Electric Industrie* Mid It expects aftertax profit far the year ending March 31 19», to rise to 5.80 bmtaa yen from MS button yen last year, on sales of HO billion yen, op from •Ml Uttlon a year earlier. The company said It hopes
      Reuter  -  385 words
    • Article
      FIRESTONE CREDIT
      69 9 FIRESTONE Tyre and Rubber Co said it has entered into n seven year revolving term loan agreement for US$l25 million with 14 US banks headed by Chase Manhattan and Cleveland Trust. Firestone said the agree» merit is in addition to 1235 million in current US bunk credit lines
      69 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      323 9 CHINESE SHADOWS Simon Leys i "Finally, the book that demystifies China" Stanley Karnow, author of Mao and China Chinese Shadows takes us behind the shadowplay that is ail most Westerners ever see of today's China. Scathingly critical of foreign journalists who whitewash the Cultural Revolution, Simon Leys depicts the People's
      323 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1029 10 BID and offer price* officially Hated and business in and reported to the Stock: Exchange of 81n«apore yesterday with the number of share* traded shown In brackets in lots of 1,000 unite unlee* otherwise specified All Time Settlement Contracts are quoted after the word "sett". Big Board deal
      1,029 words
    • Article
      Government bonds
      98 10 00 KM) V m (2M OM> N a °B H**" (290,000) (N.BOB 100 038) f* WWW (250,000) (*****8 100 208) (290.000) (100.258 'W1144 (280.000) (102.008) 100 KM)"* (t#o oi#) < ißd 7&b 1 K*Xi VV (100.008) J, •/<*>•/••/M (250.000) (100. SOB) ("0.000) (101.508) T r iwr (290.000) (100.408
      98 words
  • Article
    Unit trusts
    121 10 TWCiiiii I IB IB lacour Boad Lll L17 The Savtaf F*ad LJI 1J* S'parr Prog Find IB L.Bad S pan Sac Paad LIS IB S'pore Ll_1 rM 1-JJ u Mil* WMrUBU PTJND (BaavW frtMi tm Mot M) tfUlMTnUR PtrM B'putra IB lOJod (MiiHin' frtna Mr Nav K) Secoad
    121 words
  • Article
    SHARE INFORMATION SERVICE
    2457 10 1V7H High Low Company Last Sale Gr'a Dhr DW C*YT Qr'f YH Nat P/K Vol Day (*888) Hick Low SECTION ONE INDUSTRIALS 272 238 178 219 275 111 276 326 245 660 132 Acma 123* Alcom 112 Allied Choc 133 BAT 195* BaU 60S Ben 162 Berjaya
    2,457 words
  • Article
    In Kuala Lumpur
    1468 10 BID and offer price* officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown tn brackets in lots of 1,000 units unless otherwise specified. INMiaTMAU A*** <2. MB) (1) tn Aljmmf (IMB S.SOS). Ataam U.SM) (1)
    1,468 words
  • LATEST RESULTS
    • Article
      SINGAPORE Gass (1974)
      38 10 LH: Unaudited group pretax profit of $1.86 million (1501,077) on sales of *30.23 million (U3JS million) for the six mooths coded Sept. 30,1978. The holding company recorded a profit of V-D million (RS million). a
      38 words
    • Article
      Malaysian Containers (1974) Bhd.:
      59 10 Unaudited group pre-tax profit of MU M millioo (I.M millioa) an o!m of MH3.S9 n»llB—(SIJ.TI millioa) far the halfyear coded Sept. 38,191 Ma rata Minn Hoi log: Consolidated profit before tax and extraordinary items of 2.34 billion yen on sales of 21.18 billion yen for the
      59 words
    • Article
      United Industrial Corporation:
      43 10 Group pre-tax profit of 17.57 million (18.87 million) for the year ended July 31, 1978. Turnover was $41-61 million ($33.95 million). Profit attributable to shareholders at R54 million ($3.37 million). Proposed final dividend of 31 per cent lens tax (same).
      43 words
  • Article, Illustration
    Sealion rises in marginally improved market
    525 10 ON THE aeeaad day of Ms hsttog, Seallea Betels swaag sharply higher ■gstoat a botOgnaal at asargtoelty Imprevlag aa (ram streagth la strength ap to a peak at ft.M aa rameare pervaded the market that a syndicate to eaeh? ■towe theeeaator, this appeared ■eel
    525 words
  • Article
    Nervous sellers pare most of the early gains
    515 10 TRADING on the Kuala Lumpur stock market yesterday continued erratic and prices finished on a mixed note. Volume was lacking again as market operators kept a wary eye from the sidelines. There was no inclination tq buy, neither was there any heavy
    515 words
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  • COMPANY NEWS
    • Article, Illustration
      Guthrie prepares for the shift to Malaysia
      1222 11  -  GUTHRIE plantations are among the largest In Malaysia. Seme estates will be transferred to a Malaysian "STFZT*' Ka pn mn Temlan b y the end of this year to begin a phased plan of Malayslanisation under which the UK company, Guthrie Corporation will
      1,222 words
    • Article
      DIVIDENDS ANNOUNCED
      438 11 Curreat Payment Ex Date Books Close Date Total for Total for Payable the year Previous year Nat Iron Meatakab Rothmans K.Guan Flour N Scrctdtk Benta Coasplaat Keapaa Taiping Coaa B.Lintang Oriental Hid** Cutanea* K Sidim Liagui Set Nut S Darby D. Xeranal UOL Loan Ktaijru Renong Tia Kiata
      438 words
    • Article
      SCRIP ISSUE
      171 11 Company Particulars Ex Date Books Close Pub. Bank Bonus Issue of I for 4 Nov 8 Nov 18 T. Cement Bonus Issue of 1 for 5 Nov 8 Nov 17 C Sugar* Bonus Issue of 1 for 4 Nov 21 Dec 1 Mia Sec Bonus Issue of 1
      171 words
    • Article
      Redenomination of Sime loan
      295 11 HOLDERS of the 10 per cent unsecured loan stock 1978 of Sime Darby Holdings Ltd. (SDHL) denominated in sterUng are reminded that the last date for redenomination of the stock has been extended to Nov. 28,1978. Under the terms of the trust deed, holders of this
      295 words
    • Article
      COMPANY MEETINGS
      75 11 SHE Duty Lti: AGM to be held at the Regent Ballroom, The Resent Hotel, g Miil» i jiitipiy |t 12 noon on Nov 17. AGM to l5on Hotel, giM| at 12 noon oa Nov 20 AGM to be held at the Refent Hotel. Jalan Imbt. Koala Lumpur at
      75 words
    • Article
      SINGAPORE LAND
      18 11 SNOAPQUt Liai kM tT ttaU Mb ricfcta rtMbjiM at $LM. Hi righto b« Ani I* iSSS
      18 words
    • Article
      Plantation companies must 'play it by ear'
      1024 11 AS MR. BERNARD Lewis, managing director o{ Guthrie Rope) putt it, plantation companies have to "play it by the ear" when it comes to deciding whether to hold on to the acreage under rubber or shift out of It to alternative crops. Out
      1,024 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      98 11 KEPPEL SHIPYARD LIMITED U5515,000,000 per cent Bonds 1984 NOTICE IS HEREBY GIVEN to all bondholders of the above captioned issue that for the year ended 15th October 1978, the aggregate principal amount of Bonds arising from purchases made pursuant to Clause 4(c) of the Conditions of the Bond and from
      98 words
    • Advertisement
      Page 11 Advertisements Column 2
      47 11 YOU CAN WIN THIS Technics SYSTEM STEREO U-2511 IN THIS ISSUE OF THE CRAFT OF SOUND' -m :WS Uqaj >\ \l> si Please turn to page 50/51 in this issue of' The Craft Of Sound' HURRY! GET YOUR COPY NOW! ONLY $300 A COPY A Times Periodicals Publication
      47 words
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  • Article, Illustration
    Move afoot to upgrade life insurance agents
    714 12  -  By SOH TIANG KENG INSURANCE Commissioner, Mr. Tan Guan Aik, yesterday called on life insurance companies to exercise tighter control over their agents to cut down professional malpractices. He announced that each life firm, on his advice, has agreed to set up a
    714 words
  • Article, Illustration
    THE COUNTDOWN IS ON...
    363 12 THE first of seven new DC-10-30s ordered by Singapore Airlines will touch down at Paya Lebar Airport tomorrow morning after a brief handing-over ceremony at Long Beach, California yesterday. The aircraft, arriving via Honolulu and Guam, will carry 120 passengers including a group of journalists and
    363 words
  • Article
    Lock icon Pakistan on brink of bankruptcy
    343 12 AFP PAKISTAN may be unable to pay back money to the West from next month onwards, and it has officially notified the Western "consortium" aiding this country, informed sources in Islamabad said. A sum of about US$5OO million (about Sll.l billion) must be found this
    AFP  -  343 words
  • Article
    LONDON STOCKS
    685 12 LONDON, Wed. Share prices lost ground today following the failure of unions and government to agree last night on pay policy, dealers said At 3 p.m. the Financial Times index was down 10.0 to 477.5. Today's falls nearly erased yesterday's sharp gains which followed the unexpectedly large October
    685 words
  • Article
    Lock icon Japanese firms galore in petrochem study
    153 12 Reuter NICELY* IIIi«m MtaikMi |riap ki ietflag ip ft iJirpwittia tm Mjw far ft tawlMlty •teiy «f ft Hat Saati AnUMhhfMm petr*ekMatoal vealare ia Baadl AmMft. Offlftohi tw the latorIry Mlriilij i»M the lipTir gi VI pMge4 to give Its kaeklag to Ike pnjeet
    Reuter  -  153 words
  • Article
    Buy British cutlery campaign
    116 12 A "Buy British" campaign has been being launched by cutlery manufacturers in the UK to counter Far Eastern competition. In a letter to 800 potential buyers, the Federation of British Cutlery Manufacturers, which claims to represent over half the trade, says it is the most threatened
    116 words
  • Article
    Japan's customs clearance surplus falls
    527 12 JAPAN'S customs clearance trade surplus fell to US$l.53 billion (5J3.21 billion) last month from a downward revised $2.09 billion in September, but rose from last October's 11.21 billion, the Finance Ministry said in a preliminary report. October F. 0.8. exports rose 21 per cent from
    527 words
  • Article
    MAS 3-year pretax adds up to $23m
    169 12 MALAYSIAN Airline System (MAS) made pre-tax profits totalling more than Ms 23 million in the last three years, Parliament was told yesterday. Deputy Transport Minister All Shariff said that the national flag carrier's pretax profits were 1673,804 for the 1975-76 fiscal year, $1,106,331
    169 words
  • Article
    Lock icon Flexibility on common fund
    437 12 Reuter INDUSTRIAL countries have hinted they are taking a more flexible line when talks resume on a proposed multi-million-dol-lar fund aimed at stabilising world prices for raw materials. Delegations from about 100 countries were also told that US$5OO million. (Ssl billion) in direct contributions could be
    Reuter  -  437 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      3 12 SEE PAGE t
      3 words
    • Advertisement
      Page 12 Advertisements Column 2
      247 12 OCBC Centre For the business that demands the best... Mr. Managing Director, Your company's growth and profitability depends on creating the right image at home and abroad. Now is the time to get ahead. Start with your offices and enjoy a luxury environment in the heart of the business district
      247 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Rules for hovercraft service
        101 13 Reuter HONGKONG'S historic new hovercraft service to the nearby Chinese port of Canton will follow stringent safety rules with a back-up rescue boat on 24-hour alert. Hongkong's director of marine Mr Malcolm Alexander said that the British-made hovercraft, will have to stay within 8 kms of
        Reuter  -  101 words
      • Article
        Lock icon New congestion surcharge
        66 13 Reuter MEMBER lines of the Far East/East Africa freight conference said they will introduce a 5 per cent congestion surcharge at the Tanzanian port of Tanga on Nov 17. The surcharge was prompted by a recent deterioration in port conditions at Tanga. Member lines include the Bank
        Reuter  -  66 words
      • Article
        Lock icon Larger export orders for Japan
        103 13 Reuter JAPANESE shipyards received export orders totalling 407,400 gross tonnes in October, a sharp increase of 81 per cent from 225,697 tonnes in October last year, the Japan Ship Exporters Association said. The October orders, which also represented a 51 per cent rise from 262,800
        Reuter  -  103 words
    • Article
      Lock icon Tokyo plans to revamp its shipyards
      511 13 STABILISATION PLAN Reuter UPI THE Japanese government has announced a stabilisation plan designed to restructure its shipbuilding industry by scrapping surplus production facilities or halting their operation for four and a half years. The Japanese Transport Ministry on Tuesday said the plan called for
      Reuter; UPI  -  511 words
    • Article
      INDEX
      438 13 iw SUpflag P»«* Cd Aconas n 5 ACS n 5 r Afea IV 3 Aipac IV 5 ANL i 1 APL m 2 Arya Nat n \5 ASCL m 5 Angkutan m 4 Aguila IV 2 AustCont IV 5 Bank n 5 BBS n 2 Ben Asia m 3
      438 words
    • Article
      Shipyards discount abolition of tax by Japan
      153 13 SHIPBITLDEKS la Btag»pm are art aadaly eeaaver the lipieew i»Mw to eerap Hi (pedal i per wt expert tax Ike ileiit Si per eeat ■ppgii tietlie e( the yea igilart o»a)er werid carwill art lead to a hwMe redaettoa la Japaaeee prime with
      153 words
    • Article, Illustration
      FIT AND READY
      206 13 SEMBAWANG Shipyard's 30,0004wt Floating Dock No.l has undergone an extensive refit and modification programme as part erf the yard's $20-million modernisation scheme to upgrade and supplement existing facilities. It was placed in the yard's grave dock to allow for underwater inspection. Necessary repairs to the dock's bottom
      206 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      4568 17 SHIPPING LIST where your ships are due and when 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
      4,568 words
    • Article
      Container Schedules
      917 18 r RECEIVING OF EXPORT FCL CONTAINERS 1 AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and Is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises
      917 words
    • Article
      Who acts for whom
      938 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— Shariah. Alfred C Toepfer Line— Intermodal. Algerian National Line (CNAN) —Unipacific. Alpac Line—lntrasea. Anhsing
      938 words
    • Article, Illustration
      Singapore must accept Inert Gas System or suffer
      674 18  -  By RAHIM KASSIM DESPITE BEING one of the largest and most sophisticated shiprepairing centres in the world, Singapore is still ignorant of certain aspects of marine technology that have been developed and accepted elsewhere. One such development, pioneered by British Petroleum as
      674 words
    • Article
      Lock icon London freight
      192 18 UPI TRADE with the Far East generated a considerable volume of North Atlantic tonnage demand and rates appeared to have halted their decline. Chinese chsrterers repeated the steady figure of US$22 (5547.74)(2J00 tons discharge free) for the Orunda to work 40,000 tons of US Gulf grain to China
      UPI  -  192 words
    • Article
      Cruises to China
      65 18 CHINA has authorised a Greek company to conduct year-round cruises to six Chinese cities The 14-day cruises are scheduled to begin next April 16 aboard the newlychristened Aquamarine, leaving alternately from Kobe, Japan, and Hongkong. Managing director of Aquamarine International, Mr. Philip Kavounkles, said it was the
      65 words
    • Article
      Far East Freight
      795 18 MORE bulk cargo is moving to, from and within the region especially fertiliser, timber, ores and cement. Indonesia has shipped 50,000 tonnes of cement to Thailand with Indications of many more export shipment in future. Rates are steady except for cargo bound for Iran. Newbuilding contracts in
      795 words
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      SHIPS IN PORT
      408 18 EXPBCRD ABMUVALB TODAY KEPPEL WHARVES Bon tang (0530) 26. Foo Chow (after Centaur) Fujihoshi Maru (1000) 15/ 16 New Star (after Orchard Gold) 40/41. Golden Haven (1830) 13/14. Golden Wonder (OSOO after Bontang hauls) 24/25. King Star (after Temburong) 22. Kota Singapura (after Kota Machan And Golden
      408 words
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      Page 13 Advertisements Column 1
      401 13 +1direct diversified dependable SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pie Ltd Tel 9265' Harrisons A Croslield Kuala Lumpur T« mni/t Pernas- MISC Penang Tel ***** A RI) IM I AH r Orient Overseas Co*UcjMeA. Line HJONG CONTAW* 1 J* atom Kstucfc* s«r FULLY CONTAIOISED SERVICE FROM EUROPE
      401 words
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      Page 13 Advertisements Column 2
      320 13 v pill SEALORD UJ lII] ANTAH M UASC UNITED ARAB SHIPPING CO (SAG), 11 All vessels ***** DWT, 105 TON H.L. Derrick 1 1 288 TEU Capacity, Long Length Capability. JIARABIAN GULF WEEKLY SERVICE' S pore Loading for 20/11 Kuwait. Dammam, Dubai. Abu. Dhabi 27/11 Dubai, Abu Dhabi. Dammam. Kuwait.
      320 words
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      Page 13 Advertisements Column 3
      540 13 Busiiiess SINGAPORE BUSINESS V J O' U S Pac.t.c Quit S. Atlantic 4»3taSl Canada ,A<so )tC «n N S, Hongkong JdCMnjiXl Korea. FUUV cowTAiwcmgo EAST DIRECT WEEKLY Philadelphia I Baltimore PO« East Asia Hongkong Manila KMung Kaohs.ung Japan (Tokyo Hot* Yokohama Nagoya Osaka Sh.mnu i BEaiaaß^aEßSß mwm IXHQ ESDIIDEiIEiI Lwibrt
      540 words
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      Page 14 Advertisements Column 1
      666 14 FULLY CONTMOBED TO EUROPE EXPRESS CONVENTIONAL TO EUROPE Spare P Kelang Pot Bfeao Genu ■MM* 27/11 21/11 22/12 18 1? Mwliitwd 12/12 13/12 7/1 3/1 FUUY CONT AMERCED TO GENOA/TRESTE tfW| Blum ftdam Antwerp 29/12 27/12 22/12 24/12 17/1 15/1 11/1 13/1 mil CONTMOBfD 10 UU/CJMMM Feed* P Kelang Sport
      666 words
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      Page 14 Advertisements Column 2
      571 14 V yj~ N* 14/19 HM> 23/24 «K 14/15 OK 24/24 Mm 17/11 Rn 29/27 Ok 17/lt QK 2S/29 1 bo 2 123 Ok 2/3 Ok 23 r 2* Bk 4 Ok 24/29 i 25/27 Ik 5/9 OK 27/21 Ik I Ok 39 17/11 Ok 29/29 J» 2 ha 3/4 ha
      571 words
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      Page 14 Advertisements Column 3
      502 14 i y FUU.Y CONTAMERSED SERVICE Go Mt betttr tt the IMde East nxmrt bertmng t discharge at all ports AMAX MAMO COIUMBtAIAfO ALSO ACCEPTMG CARGO FOR BAHRAIN AND ABU DHABI KM Kim /hippiog if TPfloinG pte ltd. ■Tt im Te4ex kmspeed RS ***** FM EAST/REO SEA, MEDITERRANEAN SEA EXPRESS FULL
      502 words
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      Page 14 Advertisements Column 4
      764 14 Rvt tor SMpptoi C«rp«. Wwpcww wm—ttwai s. A. c.l. f. "ARGENTINE NATIONAL LINE" I to ttHMK tp\n\ Trmsportaoon Nbritima Mtxiana S. A. "MEXICAN NATIONAL LINE" FIR lAST/KBCO com* (Ml In# tf Lad*" ifUSf.SS.? 6^!! 0 muAmi o. ACAWLCO ACAJUTU. COKMTO. SAN «S£. PWIA. ARENAS (Wt* MCA) COATZACOALCOS VERA MB AND
      764 words
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      Page 14 Advertisements Column 5
      832 14 131 SANKYO LINE AUSTRALIA SERVICE TWEE 5T*...... SEABLOOM MKT CMP DMMOM) SIM. SMLED MPORT AOG.JH.Sn) SMLED M PORT MM. FRE MPORT 11/11 MM SVD.NEL.ftKI 15/16 OK 17/11 OK STO. MEL. ADEL BANGLADESH SERVICE DMMONDSTMt. GENERAI AGENTS CONTAMER BOOKMG LOAD Mil NTS P HUANG PINANG 21/22 MM 11/20 MM CttfTTAGONG. CHftUM
      832 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      694 15 Overseas I Containers Limited ffktrg Btm IM Howe S tew PUH| S pot. Hot Pah C**»M Uri faM hM W UU 71 Rn Oh M.IS a,* ran I p bM UM M SM4 24 Bn M.B lav Mn IM UW IM IM IM Ski TK. M Miki IM IM IM
      694 words
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      Page 15 Advertisements Column 2
      868 15 GRANARD LINE NEST BOIMD-fM EAST/MEDITERRANEAN Spn Plata* hM| lM*|hr I9W— UM kW II Nn DrtMti/P 5 MV MM MM inn m* mm fmsv 2m. UU kW II Nm Optmrti P Sarf/Ataartna/ Bard/LatUkia/PvaMv Tr««k/ Btnffcui bUnM Tmg 17 0k 19 Ok 210k Op*Mfc/P Smz/P $M/ Ueiaadna Bcirvt Lattaku Pireans Tnpok/Benctiwi IsUabnl
      868 words
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      Page 15 Advertisements Column 3
      600 15 ■to Mm Oh*U»m+ BEN LINE CONTAINERS EWKS CONTAMER SERWCt TO/FROM EUROPE HBURC B HAttN ROAM K Spore P Ma* WCfnuMf/teXn* Mwi I Upm 11/11 1/11 Vl2 11/U ItaM a/11 M/ 12 12/17 11/12 (1! i 21/11 a/11 lt/12 21/12 22/12 4/1* C/l* M/l} M/l» i/t IS/11 JWU wu (t/u ti/U
      600 words
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      Page 15 Advertisements Column 4
      552 15 I Scan Dutch V Fmm tea P MMI vbm '4 EASTBOUND FROM MED/UK. 111: m: I ismm I»:I: m 1) CM*| 2) M-tott J) fx* 4) rtm S)l«i|VahsrUM|S|M nn bM faM s/n n/n W W IM hM faM M MPwt 2/11 WU a/11 MM hM U/U IVII M/U 1/U VU
      552 words
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      Page 15 Advertisements Column 5
      440 15 GUTHRIE BOUSTEAD THE BANK LINE LTD. UMDS FOR E l S. MKI Ovtaa. tl PI. Smn 17/11 Hn ES OR T I N EXPRESS SERVICE WRECT FROM SMGAPORE TO NEW ORLEANS. MOOLE HOUSTON. GALVESTON ALSO ACCEPTWG CARGO FOR BANGKOK. MAMLA. TAINAN. HONGKONG PUSAN AND MP AN PORTS. SINGAPORE *****4 PT
      440 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      766 16 I K line KAWASAKI KISEN KAISHA. LTD. HHBHHHHHi OM SUE O? mhw Tonntora Spwe P KalaagLHewe Ifbarg Bremen raam A«e>p KCaHLM lINm It MM 70k 10k II Ok 110k 13Ok S2S UIK 17 OK II OK IS OK 71 OK fLS?, 1 ft 3# »M *#k »Ok 210K EKm UK
      766 words
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      Page 16 Advertisements Column 2
      673 16 ISA/EAST CANADA SERVICE Ktens rcuia comma fdom pemnc. p kelanc r KSKMUXXQ 27/71 tet 29/31 tot 25/21 tet 22/21 tet EX./GREAT LAKES SERVICE mou. *w Tom, mm*, todonto. ashtamla. ornor oacago. CALfORMA/PACriC NORTH WEST SERVICE tar lb man, m mmm wmt tacoha. Www, dx. W k rvT? Nt« n/U°tet 14of
      673 words
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      Page 16 Advertisements Column 3
      626 16 NOL NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SEtVICES: FAR-EAST/EUROPE FULLY 11 I I til T l I] H inn •■d'L M.l tot II toe 17 toe II Ik r -a. wi-i Li' JJ' a« 7 I "IHII 14 toe She MtorihlHClM TO im FtOM amtjUfc 7Ok MM 23 Mm II
      626 words
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      Page 16 Advertisements Column 4
      535 16 *Ul*rSlA* INTf*NATK>HAI SMFMNG CO**O*ATION U*HAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA feato f Mm| Vassal et Spare I) Ifeatos 2) Mm J) Hbarf 4) Gbar{ KM U/U M/U VU 7/12 VU MM 25/11 J/12 14/12 14/12 11/12 MM 4/12 17/12 22/12 2«/U 21/12 ■an u/u 2vu */i 2 2/1 v
      535 words
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      Page 16 Advertisements Column 5
      609 16 INTRASEA (PTE) LTD I sai mi CtMTMO ssnw TO cs ALPAC LINE SOUTH AFRICA SKRVICX S pore P. Keiai* Pen** Lufcg tar. ILV. OMENTM. STM *-32 Naa 2 Dac Reunion Maiunga Durban Capetoam MUM '.33 24 Dac 2C Dac Reunwn Durban P E'bett/Capetown »w i mmmt <nt) lid zjmiu mow
      609 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      209 17 KmacH GERMATRANS SM 1 P PI \i' \ORVVA New Express Monthly Independent Semi Container Service from Singapore to Antwerp. Rotterdam and Hamburg SWANK ANTWERP RDAM 27/11 1/12 26 Oec. 28 Dec 30/121/1 26 lan 28 lan 30/1 1/2 26 Feb. 28 Feb 28/2-2/3 26 Mar 28 Mar 30/3-1/4 26 Apr.
      209 words
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      Page 17 Advertisements Column 2
      17 17 /kceplhn Cete hr VMCOIIKR. IC SEA TTl£, TttOMft Singapore MIX It/19 Nn mafOKL HMfDtS SHPPW6 T* *****10
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      Page 17 Advertisements Column 3
      162 17 SHIPPING NOTICES 4 DOWA LINE CO. L JAPAN M.V. "NO. 3 BINEKA" VOY MA Arrived 7.11.78 at PP. Wharf Godown 302 Oeneral surre; on damaged cargo discharged ex the above vessel wUI be held on 14th November. 1071 from •100 a.m. to 12 pjn. No further survey will be held
      162 words
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      Page 17 Advertisements Column 4
      41 17 General Survey of mmaced cargo ex the above vessel will be bekl on Friday I7Ui November. 1978, as from 9M am. to SjOO pa No further survey wUI be held after tills date B. Jl M A&HOY SONS (PTE) LTD. Toh-smn
      41 words
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