The Business Times, 17 November 1978

Total Pages: 18
1 18 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 21V1/78 TODAY, NOVEMBER 17,1178, SO CENTS
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  • BRIEFLY...
    • 74 1 Reuter LONDON, Thurs. The price of gold, which had been soaring to record heights during the US dollar's recent fall, slumped to below US$2OO (about SJ42O) an ounce today for the first time since Aug 29. On the other hand, the dollar, which reached record lows last month,
      Reuter  -  74 words
    • 57 1 AFP MANILA, Thurs.— West Germany's Ambassador Wolfgang Eger said today the forthcoming Asean-European Common Market meeting in Brussels would foster strong friendship between the two regional economic blocs. Mr. Eger said the three-day ministerial level dialogue between the EEC and Asean from Sunday aims to promote mutual understanding,
      AFP  -  57 words
    • 73 1 AP WASHINGTON, Thurs. In an effort to avoid a clash with organised labour, the Carter Administration may relax the 7 per cent wage and benefits standard of its new anti-inflation plan, the Washington Post reported today. However, the newspaper quoted the officials as saying that no decisions
      AP  -  73 words
    • 65 1 AFP JAKARTA, Thurs.— Goldsmiths and jewellers here stopped trading today and took a wait-and-see attitude following the 50 per cent devaluation of the rupiah by the government last night. By this afternoon many goldsmith shops were still closed as owners consulted each other on what price to charge
      AFP  -  65 words
    • 84 1 Reuter GENEVA, Thurs. The European Common Market has asked the United States to pass laws ensuring that heavy duties are not slapped on its subsidised exports to America, Common Market officials said today. The officials said this would be the only way of dispelling uncertainty among European exporters
      Reuter  -  84 words
    • 75 1 Reuter NEW DELHI, Thurs. Increased production from the North Sea, Mexican and Alaskan oilfields should be enough to satisfy the growth in world demand next year, a senior US government official said today. Richard Copper, Undersecretary of State for economic affairs, said the United States views the
      Reuter  -  75 words
    • 55 1 AP NEW YORK, Thurs. The stock market rose in early trading today following a Carter Administration show of support for the US economy. The Dow Jones average of 30 industrial issues was ahead by 3.99 to 789.59 in the first half hour. Declining and advancing issues were about
      AP  -  55 words
  • Chief Price Changes
    • 116 1 Falls -40 -35 Most Active *mUad JOO 185 H Par M Credit 562,000 Ayar Hltam Tin 950 -30 328,000 OCBC 755 -30 P Elect 314.000 Barjuatai Hifk Low Cob Wn Darby NuyuiPm* UOL 650 100 530 308 310 308 290 139 492 -25 -25 -20 -18 -14
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    • 159 1 Falls Tractors 470 -40 Most Active s Darby 61 8,000 n rar icc rwi S pore Land 168 -38 Consplant w.ww 329.000 210.000 rer: 3.56m MJ8.07m ces M Banking S Trading Tronoh OCBC C4C 530 560 650 765 496 -30 -20 -20 -20 -19 KLKepong Total Turno'
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  • 618 1  -  DOWNSTREAM SNAGS? By RONNIE LIM THE PETROCHEMICAL Corporation of Singapore board meeting ended on Tuesday without reaching any significant conclusions. A commencement date for construction of the $2 billion complex is still nowhere in sight. This is the general feeling among industry circles after a
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  • 139 1 Reuter ASEAN is concerned about the apparent emergence of a new trade grouping comprising Japan, South Korea, Hongkong and Taiwan. Philippine Deputy Trade •Minister Vicente Vaktepenas said yesterday: "Should this grouping harden into a new trade bloc, it may force Asean to take counter-measures."
    Reuter  -  139 words
  • 87 1 AP PRESIDENT Carter, declaring, "I meant and do mean business in fighting inflation and defending the dollar," said yesterday failure would raise the threat of a recession or even a depression. At a breakfast meeting, he acknowledged that complaints from special interest groups about his an- nounced
    AP  -  87 words
  • 437 1  -  By ARTHUR NG IT WAS sheer panic on the Stock Exchange of Singapore yesterday m nervous holders Jetttooned their holdings with shorts riding on their backs. The feeble reaction noted the day before fizzled out as sellers flocked to the exchange in a bid to
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  • 336 1 UPI A JAPANESE government advisory panel yesterday said it explored a move to either liberalise direct foreign investments in Japan or maximise relaxation of existing formalities. The move, if approved by the government and ratified by Parliament, will allow an offshore businessman to be the
    UPI  -  336 words
  • 195 1 BME Dirty*! M al |w«il swettog to be Mi to iwh Lmmpmr at mm todkj ifpwn to have ipm trail et geei tUtogs to a weita d th« travel todutry toa this tide et tke Cmwdbj to toe |||H1 Fnm the
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  • 529 1  -  ®y JOHN TAN PEPPER traders in Singapore may be hurt by the high stocks they are now carrying if spice prices fall following the rupiah devaluation. Bankers, however, are anticipating a flood of money from Indonesia, where depositors now fear the
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  • Page 1 Advertisements
    • 19 1 LtT: ■as wmamm mraaisim. ire Mock OetOTMl Pi*j« NMton Moat s.n««m 11 T«l 2MI9M* CMM BUSNCSTEMS Singapore Dow Jones
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    • 242 1 McCarthy Information Services (UK) We invite the Singapore business community to subscribe to the UK-baaed McCarthy Information Services at the same price as British subscribers receive these weekly services in the United Kingdom This has been made possible because the services are air-freighted to Singapore in bulk and distributed by
      242 words
    • 20 1 SHIPPING TIMES R«pel ekM MEMOPAO t, (SaVMMH SSS LMrt SCHKDULB TV EADtOt, STRAWS IN IB WIND 7, SHAKE PUCES It.
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    • 2 1 Looter...page C
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    • 315 1 CaftofiMfl.il IIC'IWC CKCKMt 111 V fWi M ftaar" MN/MMCMti fMt Fli hi w Nnl Guthrfe Trading TH: *****5 I *****5 •SEE BACK PAGE WiyfcongMAf We make your money work tor you "I've saved some money- now what' Jeanne Ho. Public Relations Officer "What say we talk security?" Wayioong M AF
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  • TRADE AND INDUSTRY
    • 779 2 Reuter MANILA business circles are becoming increasingly irritated by the loss of production due to an inordinate number of special holidays, power failures and inefficient postal services in the Philippines. Previously talked about only quietly among foreign businessmen for fear of upsetting the
      Reuter  -  779 words
    • 284 2 THE director of the Industrial Training Board, Mr. Lim Jit Poh, yesterday announced that the board's 1978 Apprentice of the Year Competitions beginning this month will cover three economically-crucial trade areas instead of one as in last year's event. The competition will see
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    • 50 2 THE Malaysian government is prepared to consider the setting up ol a private Islamic bank in the country if there is such an application. Finance Minister, Tengku Razaleigh Hamzah, told Parliament yesterday that the government on its part had no intention to set up such a bank.
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    • 313 2 LOCAL manufacturers should broaden their base of contacts by taking part in international exhibitions. This will allow them to get better prices for their goods. This call was made by Behn Meyer's general manager, Mr. Hans-Albert Krueger, the local agents for
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    • 373 2 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
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    • 678 2 SCIENTISTS in Australia are working to overcome a worldwide problem that is reducing the land area producing irrigated food crops. The problem, which has reached crisis proportions in some areas, is that increasing amounts of sah entering plant roots are diminishing irrigated crop land. In
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    • 153 2 OVER 2,000 medical specialists will meet in Singapore next October for three conventions and a workshop will be held. Convention number one, from Oct. 15-19, is the first South-east Asian and Pacific Regional Congress of Clinical Biochemistry. The other two are radiology congresses. The president
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    • 72 2 LEADING industrialists from Japan and Asean nations will bold a mating in Bangkok on Sunday. Disclosing this, sources from the Japan Chamber of Commerce and Industry said 14 officials from the chamber and the influenzal Federation of Econom- ic Organisation of Japan would hold the
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    • 91 2 A 20-member Japanese mission from nonferrous metal industries will visit China early nest month to explore the possibility of developing nonferrous metal mines and refining them there Jointly with China, the Japan fining Industry Asncistkm said The group, the biggest of its kind to be dispatched by
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    • 292 2  -  By JOHN LIM INCREASING demand for office and home furniture in Singapore has led a local furniture manufacturer to expand its operation. Orchid Furniture now operating from rented premises will move to a terraced factory in Upper Thomson Road this January. The 929-square metre factory
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    • 109 3 Reuter A HONGKONG and US consortium, including the Hyatt International Corporation, has proposed building a string of about 20 hotels across China that would provide 10,000 first-class rooms for the fast expanding Chinese tourist industry. After a two-week tour of nine Chinese cities by
      Reuter  -  109 words
    • 61 3 Reuter THE Japanese Transport Ministry wants to start building a 1,340 billion yen (S$l.SB billion) international Airport in the Bay of Osaka in 1961, officials said. The planned airport will be built either on reclaimed land a floating platform or a platform supported by pillars in
      Reuter  -  61 words
    • 368 3 AN ADDITIONAL Mslo million has been allocated under the mid-term review of the Third Malaysia Plan for improvement of Senai airport in Johore. Malaysian Deputy Transport Minister Encik Ali Shariff told the Dewan Rakyat the task force to coordinate all works to improve facilities at
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    • 378 3 AFP THE FIRST big general trading company in Taiwan formally opened for business recently and another is expected to start operations before the end of the year or early next year. Big trading companies are being actively encouraged by the government because of
      AFP  -  378 words
    • 218 3 OVER 160 manufacturers of US hospital and medical equipment and supplies currently participating in an exhibition here are eager to find suitable business contacts in Singapore. Speaking at the opening of the USA Hospital and Medical Equipment Catalogue Exhibition yesterday, Mr. Richard F. Kneip, the
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    • 167 3 A JAPANESE trade research body is collecting information about trading companies in Malaysia for dissemination among major Japanese manufacturers and industrialists. The Century Research Centre Corporation of Tokyo has written to a number of Malaysian firms seeking information about their companies for possible joint ventures with
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    • 110 3 BANK of America Singapore has promoted Mr. Byres to vice president. Mr. Eyres, 34, joined the bank in 1970 and worked in its headquarters in San Francisco before his assignment to Singapore in 1976. Mr. Tug 1-Faag was appinted as an additional director of Wearne Brothers Ltd
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    • 170 3 MALAYSIA has agreed in principle to allow perishable goods from Thailand to Singapore to pass through the peninsula without being subject to taxes. According to Mr. JeongJian Kambhu, Thai deputy undersecretary of state for communications, the initial agreement was reached following a meeting in Bang* kok
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    • 530 3  -  SECOND GRAIN SILO By TSANG SAU YIN THE NATIONAL Grain Elevator, a grain storage complex near the Jurong Wharf, will have its second silo by early 1900. Under the current expansion programme, it is envisaged that storage capacity will be doubled to 44,000 tonnes and discharge
      530 words
    • 139 3 Reuter INDONESIA will build a 30megawatt nuclear research reactor in Serpong near Tangerang, west Java. Indonesian Minister of State for Research and Technology Habibie told a parliament commission that the project had been approved by President Suharto. "The reactor to be built would be used
      Reuter  -  139 words
  • Page 2 Advertisements
    • 140 2 MITSUI TRUST Beacon of Progress ■RST' Now at Shenton Way The Only Japanese Trust Bank Office in Singapore. We are Japan's oldest trust bank and command a key position in the Mitsui Group. Our services ere worldwide in scope. We have the research capability, a worldwide network and the best
      140 words
  • Page 2 Miscellaneous
    • 674 2 CRYPTIC PUZZLE ACROSS 3 A little light U shining (5) 8 Singular data (5) 10 Unpleasant In no out-of-the-way way?(s) 11 It transports many a red-head (3) 12 It's back to back in the country (5) 13 Pipe-maker In a cereal centre (7) 15 Discredit some account? (5) 18 Sauce
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  • Page 3 Advertisements
    • 360 3 Our world bankers work around the world, around the dock. 6:07 p.m. Tokyo. illPi 1 W- 2? IT •a at 10:27 a.m. Chicago. 4:08 p.m. Singapore. f h'< J ii 'L M fc: W tt-' yf r 1 m \n\ 4—5,- c? A i J VY 1 vl \4J 'TP-
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  • RAW MATERIALS
    • 393 4 THE SINGAPORE rubber market yesterday closed lower with December One RSS buyers quoted at 246.50 cents per kilo, down 5.75 cents from Wednesday's close. The afternoon session was quietly steady on reports of China acceptances, dealers said. The morning session closed sharply lower with December One
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    • 31 4 Rubber: Nov 16 Singapore: December: 246.50 cents (down 5.75 cents) Malaysia: December: 247.25 cents (down 5.50 cents) Tin: M 51,990 (up $5) Official offering: 160 tonnes (down 54 tonnes)
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    • 361 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 243.00 244.00N 244JO 245.50N Int. 1 R.S.S. December 245 00 245.50 246.50 247.80 Int. 1 R.S.S. January 248.00 248.50 249.50 245.00 Int. 2 R.S.S 240.50 241 JON
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    • 104 4 NOON SSR and SMR prices yesterday RAS Deec (Carre ■tMtt) <F) g| Junnr ■mm* Mtt) (mk P«k*> Nits per kg) SSR 20 (1-ton pallet) 236 00 238 OON 238 00 240.00N SSR SO (1-ton pallet) 234 00 236 00N 236 00 238.00N MRELB SMR5CV (l ion pallet)
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    • 73 4 C.I.K North European ports, in US dollars per ton unless otherwise stated. LONDON: Monday Previous Malaysian 5%[fa bulk per tonne OOSslr January 600slr Sumatra 5% ffa bulk Afloat unch MSpd November 615pd 625pd December 012'.-pd 620pd January 605pd 615pd February 606/595pd 617'j sir March/April 600/SSSpd 007' .pd Nigeria
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    • 179 4 BANGKOK rice prices were quoted US$5 lower yesterday: (la US dollars per tonne F O B. basis Bangkok) WMto rim: 100 pet Ist class 3fi. 100 pet 2nd class 330, 100 pet 3rd class 325. 5 pet 318, 10 pet 295,15 pet 290. 20 pet 285. 25 pet 280.
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    • 193 4 RAW SUGAR futures in London yesterday showed little movement at the opening, generally fluctuating around kerb levels to end the call £0.40 down to £0.50 up. Turnover was 1,008 lots including 716 kerb trades. In quiet trading, the market remained at or slightly below closing kerb levels though generally
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    • 88 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Nov 16 until further notice: Babfeer: 258 V« cents a kilo; Cepra: Mi 1,107,82 a tonne; Palß kernel: $955.75 a tonne; WMte pepper: $4,863.51 a tonne; Black pepper: $3,212.02 a tonne; gabber: 64H cents a
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    • 431 4 A WAIT-AND-SEE attitude pervaded the Singapore produce market yesterday when H«ig was confined to local dealers on covering and switch accounts. Buyers were apparently holding off until a clearer picture emerges on the implications of the devaluation of the Indonesian rupiah. Traders here who had been in touch
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    • 190 4 TRADING was fairly quiet on the sugar futures market yesterday, with net gains of about 0.20 US cents, dealers said. The market opened about 0.15 to 0.40 cents higher and eased slightly towards the close on light selling, they said. Six lots were traded against five on Wednesday.
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    • 189 4 YARN and cotton in Hongkong dollars, spot ex ffodown CiWm yarn: China Blue Phoenix 30a 2,150 3k 2,700; 4k 2,970 (per bale of 400 lbs). flees goads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying Geese unq (per piece
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    • 262 4 ROBUSTA futures in London yesterday met active trading to end an extended opening call with losses of £42 to £26 per tonne from Wednesday, with 1,997 lots traded including around 850 lots of cross trades. Trade and local dealer buying at the lower levels aided the partial recovery after
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    • 77 4 ZINC closed £4.15 down for cash and Three Months in London on Wednesday. Traders said this market was again dragged lower by the trend in lead but, as in recent sessions, the fall was nowhere near as great as in the other metals. Consequently, the differential between the two
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    • 196 4 THE STRAITS tin price in Penang yesterday gained Mfs to ».*0 per picul. The market recovered after recent weakness on increased US. local and Japanese buying interest, dealers said. A lower volume of tin concentrates supplied by miners also added to the steadier sentiment and turnover amounted to
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    • 245 4 COCOA futures In London yesterday remained steady throughout the afternoon to close £27.5 to £50 higher. Turnover was 6,384 lots including 3,019 self trades. Cocoa futures opened £9.5 to £15.5 higher after a protracted opening call, then continued to climb showing gains of a further £15 to £20 soon
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    • 80 4 LEAD ended the day £15 down for cash and £13 lower for Three Months in London on Wednesday. The market again came under pressure from long liquidation and this, coupled with chartist selling, touched off stop-loss orders which saw Three Months trade down to £362 during the early afternoon,
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    • 102 4 CHICAGO soybean futures on Wednesday closed 25 to 11 US cents a bushel lower, after barely missing a late limit-down move in several contracts. Leading the plunge was professional and Commission-bouse selling, much of it believed done on computer-generated stops. One commission house was estimated to have sold about
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    • 88 4 WHEAT futures in Chicago on Wednesday closed about a cent above the day's lows after a st iriftw highlighted by heavy liquidation and ■top-loss selling. Losses ranged from eight to 3*4 US cents a bushel. Some support came late on commercial buying, traders said. They noted outright buying and
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    • 227 4 COPPER wirebars, on the day. Voct mostly £5.5 per tonne in London on Wednesday The afternoon market gave further ground under liquidation induced by the decline in US futures and lower gold with Three Months trading down to £751 before steadying on shortcovering to £754 at the clone. Further
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    • 180 4 SILVER closed at HKJ276.50 per 10 ounces in Hongkong yesterday, unchanged from Wednesday's close, in continued quiet trading, dealers said. The day's silver fixing price was also unchanged at HK5276.50 dlrs. On the LONDON Metal Exchange, silver was down mostly 2.8 pence on Wednesday. The afternoon market declined under
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    • 355 4 THE KHOBAR in Singapore opened at 5514,118 yesterday, and cloned higher at $14,291. The high and low were $14,310 and $14,099, respectively. The market was fairly active. Spot gold for London delivery opened at U*****.50/199.50 and closed significantly higher at U*****.90/201.60. The high was U*****.95/20L45 while the low reached
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    • 52 4 ALUMINIUM finished the day £3.50 lower with Three Months at £585 to £596 per tonne in London on Wednesday. This metal eased during the morning under commission-house selling and Three Months traded down to £594 per tonne before mixed buying and short-covering held values steady for the rest of
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    • MONEY AND EXCHANGES
      • 481 4 THE US dollar was traded on firmer grounds on the foreign exchange market yesterday. At the end of the day's trading, it stood firmer against major currencies. Against the yen, the dollar opened at 191.70/80 and was taken to the day's high of 191.30 40 on profit-taking. However,
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      • 185 4 Asian rates ASIAN currency deposit Interbank rates as at close on Nov 1& US MIMMMI Offer M 7days Ml/16 9 15/16 1 month 10 7/16 105/16 2 months U'« ll'« 3 months 1111/*****/16 6 months 121/16 1115/16 0 months 11 T > U'< 12 months 1112/*****1/16 1 month 3 months
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      • 41 4 li offered by o* Nov lfc Oversight 3 >■ Call deposits 3'.* Claciag Beyiaf SelKac 3 month Treasury bUU 3 1 3 month Bank bills c< 3 month CD 7'. 7 8 month CD 7'. 7'. Source: National Discount Co Ltd.
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      • 21 4 THE average rale at which Singapore banks are currently prepared to lead to their best customers is 7.5 per cent.
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      • 76 4 Euro rates LONDON Eurodollar deposit rates yesterday eased in quiet opening dealings, dealers said. Earwttlar deposits openlof Quotes oa Now M: OvrnMgtM 91 U.IU M «H*Md Moo Tun sad roll two days IS. t Seven days (Is and aotk* 181 18. •15 1C Oar month 187 i(. 185 It Taw
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      • 250 4 THE DOLLAR yesterday opened firm against major currencies in quiet trading with no new factors in the market. It opened at 1.9020/30 marks compared with 1.8960/70 overnight and at 191.40/50 yen, steady on its 191.40 close in Tokyo yesterday. Dealers said that while there were no fresh incentives for
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      • 172 4 THE DOLLAR closed firmer from opening levels in generally quiet, uneventful trading on Wednesday. The New York Federal Reserve Bank may have intervened, as the dollar continued to gain ground in a rather thin market, dealers said. The Canadian dollar featured trading, droppig to about 84.75 US cents
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      • 180 4 THE US dollar yesterday firmed slightly from overnight US levels in fairly active, nervous trading, dealers said. They said it firmed on news that Japan's trade surplus dropped sharply in October, but late profittaking pared initial gains. It firmed to a late 191.50/ 75 yen from New York's 191.40/60
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      • 133 4 THE US dollar for overnight delivery yesterday cloeed at 191.40 yen, slightly lower than its 191.50 opening but up from 190.05 at Wednesday's close. After a sharply higher opening reflecting the overseas market trend overnight, the dollar rose further to 192.40 yen at one point on import covering and
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      • 61 4 AUSTRALIA and New Zealand exchanges on Nov 16: AUSTRALIA: US dollar 1 1488 1.1441 SKrliag 0 5872 I JS3 Ninety-day airmail buytac rate* Sterling 0 (120 US dollar IJM Niaety-day forward buytaf rait*: Sterling 0 5898 USdoOar ***** NEW ZEALAND Sterliag 8-S» 8 5358 US dollar ***** 1 0523
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      • 55 4 ZURICH exchanges closing quotes on Nov 15: US l .cnMSSB St* 3 2211-2X2 Can IMISD DM- m 4445-5865 D Fl 80 1156-2527 F Fr 37 6735-7563 B FT 5.5127-5232 D Kr 31.3241-3774 N Kr 32.5642-4234 S Kr 37.M5.7Ui Lit 0 I*4B-1152 Atts art 1183(3-8433 Port 3.5356-5530 Spain 2 3088-31*
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  • Page 4 Advertisements
    • 83 4 M^UwUKkM ■■n tmm u CANADA "QUEEN ELIZABETH TOWERS" 200 Luxury Condominiums in the centre of Ottawa, capital of Canada. GUARANTEED NET CASH INCOME 6% ON YOUR INVESTMENT FOR 5 YEARS Prices from C 540,000 C 5120,000 50% Cash Protect your money buy real estate. Builder and guarantor DEL CORPORATION one
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  • OVERSEAS
    • 157 5 CANADIAN short-term interest rates are coming under upward pressure following US bank prime rate increases to U per cent and Canadian dollar weakness, dealers said in Montreal. Most dealers forecast short-term rates will rise a minimum 50 basis points between now and the year-end
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    • 82 5 NYT ENERGY Secretary James R. Schlesinger said on Wednesday the temporary shutdown of crude oil production in Iran demonstrated the United States and other industrial countries were heavily dependent for energy supplies on a complex, and occasionally precarious, production and distribution system. Mr. Schlesinger, noting production
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    • 614 5 Reuter BRITAIN'S economic growth rate is expected to slow to 2 per cent during 1978/9 from around 3>/j per cent in 1977/8 with consumer spending and exports the main components, the latest Treasury economic forecasts show. Inflation is seen remaining around the current
      Reuter  -  614 words
    • 167 5 Reuter A SMALL United Nations aid mission will leave for China at the end of this month in response Peking's first approach to the UN for development assistance. Total aid during the period 1979 to 1981 is not expected to exceed US$lO to $15
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    • 741 5 ARRIVALS Service Local Operator Number Time From MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1030 BWN GIA GA90O 1030 HLP SIA SQ103 1045 KUL SLA SQ209 1045 HLP MAS MH605 1045 KUL GIA GA944 1055 PKU
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    • 290 5 DESPITE three years of steady effort to match expenses with revenues. New York City's financial outlook remains as perilous as ever, with the prospect of a cumulative deficit of US$2.3 billion (about SSSO billion) between now and 1982. During the administration of
      290 words
    • 137 5 Reuter AFT te taken Ito llnl stop touMto JtfMng the pn> mm< it* Earepeas Mi■riiry Oj stoat (OIB), cMs to i*. Difrty Mtofetor n—rt, Plena fj», Mto ■MM a Mil to ParitoMeat Ml •HUlig Imlmil j» S£*e«Hrt7ltJaMnf SXT.MIIII It Tkeagk aa official •bierfert In Dallla
      Reuter; AFT  -  137 words
    • 406 5 NYT AMERICAN buetaeM executtvM My they will try hard to comply with President Outer's wage and price gnhtoHan. according to a spot check of corporate officials by the New York Times. For one thing, they (ear that the alternative to a voluntary programme
      NYT  -  406 words
    • WORLD IN BRIEF
      • 592 5 Agencies TWO more major US banks raised their prime lending rates by one quarter of a percentage point to 11 per cent yesterday. The move by the two banks, Chemical Bank, the sixth largest US bank, and Marine Midland Bank (12th), follow those made by a
        Agencies  -  592 words
  • Page 5 Advertisements
    • 25 5 S3 SINTAT Rent-a-Car SISGAPOBf ft -<■' T t *****S L»T r Tfc L i JSSU'i'* Call us tor vOu r I cc! cnward rese f vens
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    • 186 5 General Motors Ovet^easEMstributkMiCorporation nIL4u uo;cii:■r vi«i:•* Isuzu distributor in Singapore. The management of Motor Leasing have been responsible for the successful marketing of Isuzu commerical vehicles in East Malaysia. A tough market. Where the tough trucks are put through the most gruelling tasks on highways, byways, deep in the jungle
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  • 413 6 BULLS have been severely thrashed in the. market in the last few weeks. The bears have had a field day and the charts seem to be fulfilling the hopes of the bears. On hindsight, the market's fall has.a parallel in the Hongkong market. The Hongkong
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  • 159 6 HUNDREDS of Sime shareholders are expected to crowd into the hopefully capacious conference room of Hotel Regent, after filling to capacity some Kuala Lumpur hotels and elbowing out fellow air-travellers. For all their troubles, one hopes that these faithful followers will not be disappointed by events
    159 words
  • 1494 6  -  AT A DINNER party in Hongkong recently, a successful Hongkong Chinese, a property developer, found hivftself facing a Communist trade official of the Peking government. "When," the Hongkong capitalist asked loudly, "are we going to negotiate this lease business?" There was a
    FT  -  1,494 words
  • Page 6 Advertisements
    • 179 6 a 5 '("!/@_*),>+^}_]]/'>,+]\*!~:*(. V' V/ Delicious food at its most glorious awaits you at &*hantirlrrr j tiounl v ijf til it ill tot»d .1 .nt fIJ .'t Chd'ltil l« T .Ist t t,f most 'in .uth vk d!«*r iiuj m.istt'i t- <" i-snl urnp«'dr k '!Uj ft< dll (1 11
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    • 35 6 The best place to wine and dine t in die worlds fourth Jaigest harbou <■% r 1 i EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 2536
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  • Page 6 Miscellaneous
    • 60 6 OUTLOOK for Singapore from 6 a.m. to L'oon today: Isolated showers. Report far 24 bun prior to 7.3t p.m. m Nov II at toe airport: Maximum temperature 29.5 C Associated humidity 71 Minimum temperature. 23.5 C Associated humidity 95 Hours of sunshine 0.10 Rainfall in millimetres 1.0 Total rainfall for
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    • 241 6 SINGAPORE 5 3.00 PM Opening announcements fol- 6.35 lowed by Housewives' Matinee A 7 00 Woman Boxer with superimposed j 3O English/Chinese subtitles (Repeat) 7.55 A Mandarin feature film 8.30 8.40 4.20 Intermission 6.00 Opening announcements followed by 930 December Bride Photography 9.50 Show U-10 6.30 News in Brief* The
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  • 1541 7  -  The boon may come to Singaporeans who are off to Indonesia, for pleasure or business. They can now buy more goods with their dollars. i By JOHN TAN {INDONESIA'S shock announcement on Wednesday sweeping changes in ft* economy was greetHri initially with surprise
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  • 384 7 A READER wrote in to add to our list of outrageous claims and names (culled from shops around town). There is, he reports, a shop in Serangooa Road which did well wltt its range of sarees "many kinds of different varieties" was the OQ th» nimpboard.
    384 words
  • 1063 7  -  iIPOEgM ...on US interest rates k B* JOHN DRYSDALE John Dryadaie is a director of AsUt Research Pte. Ltd. IT IS quite a mystery why President Carter lent weight to the rather primitive economic theory that price rises cause inflation. This was his disastrous
    1,063 words
  • Page 7 Advertisements
    • 34 7 I v f v New Japanese Restaurant Kittled serving authentic Japanese food Jf f a «9 i« >f xin ikki k 4 ni| Kiu. shashimi *Sukivaki *ShalxiShalxj 3 KIKU JAPANESE RESTAURAN' HIP INN Roac
      34 words
    • 6 7 7: v f 1 XT (w*
      6 words
    • 77 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 HOTEL EQUATORIAL 429 Bukil Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scolls Road, Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL 22 Orchard/Cavenagh Roads, Singapore 9 Tel. *****4 HOLIDAY INN
      77 words
    • 73 7 HOTEL MALAYSIA 40 Cuscaden Road. Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333 Orchard Road. Singapore 9 Tel: *****1 THE MARCO POLO Tanglin Circus, Singapore 10 Tel: *****1 HOTEL MERLIN SINGAPORE 7300 Beach Road. Singapore 7 Tel: *****11 MING COURT HOTEL Tanglin Road. Singapore 10 Tel: *****3 HOTEL NEGARA 15
      73 words
    • 73 7 ORCHID INN 214 Dunearn Road. Singapore II Tel *****2 HOTtL PHOtNIX SINGAPORt Orchard/Somerset Roads. Singapore 9 Tds *****6 PENINSULA HOTtL Coleman Street. Singapore 6 Tel: *****1 RAM-LtS HOTtL 1-3 Beach Road. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTtL 22 Orange Grove Road. Singapore 10 Id: 3736*4 SINGAPURA KORUM HOTtL 585. Orchard
      73 words
  • Page 7 Miscellaneous
    • 28 7 W€LL,CMUCX—"THE. naoHT WGe IS DfeVbTCD €MTtRCW "Tp THfe fNCQU»S»T|oN tty R6&INPILD CHeSTfefc-Pfcßfcy lOf R COSTOTrt QuiUT V pgr.. feSs3l^ LacKenS =?l rAJ £*7 «T~* SIR V 77 >4
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  • INTERNATIONAL STOCK MARKETS
    • 603 8 TOKYO EXPORT-related issues rose on light volume, due to the sharp recovery of the dollar rate sgalnst the yen. Turnover was dawn sharply, since investors Remained cautious. In the morning session, light electrical and precision machinery issues advanced in reaction to the appreciation of the dollar.
      603 words
    • 385 8 THE MARKET continued to rise in line with the slight firming on Wall Street yesterday, with both mining and Industrials leading the advance. BHP closed eight cents up at ASS.OB, CSR and CBA both finished one cent up at 53.17 and 52.37 respectively while CRA Jumped five cents to
      385 words
    • 279 8 THE MARKET was generally lower in slow trading yesterday. Among tbe losers. Raja Finance dropped 300 baht to 2.270. Mah Boonkrong 70 to 1,428. Thai Danu Bank 98 to 424, Industrial Finance 20 to 2.955 and Bertl Jucker 10 to 447. Among gainers, Rama Tower rose 12 to fn,
      279 words
    • 128 8 THE MARKET dosed higher yesterday after an easier openTrading waa moderate, with turnover rising to 7.1 million pesos from Wednesday's 14.5 million. 1 NOV l« Paaot 1 Acoje limine .011 +0 0000 AtlaiCon A Atlas Con B It.90 -0.1 1 Bafulo OoM 0106 ♦0 0000 BencuetCon B 28 00
      128 words
    • 53 8 Reuter HOYA Corp said it plans to build a San Francisco plant for research, development and manufacture of special laser glass for nuclear fusion with the help of US government funds. Industry sources said the US government is expected to provide an initial US$6OO,000 as a research and
      Reuter  -  53 words
    • 295 8 fine oil issues led a broad adraoce. Volume totalled 3,944,399 •hares against 3,399,197 shares at thecioee on Tuesday. The composite index was up more than seven points with adIn 19 of Its H component T* l g*» croup, up more than 39 potnU, posted its largest Increase since Sept
      295 words
    • 61 8 FINANCIAL TIMES INDUSTRIALS Wednesday 475-8 Tuesday 487.8 Week Ago 474.4 DOW JONES AVERAGE INDUSTRIALS Wedneaday 785.80 Tuesday 785.26 Week afo 807.81 LONDON DOLLAR PREMIUM Wednesday 86Mr to 88 Tuesday 81 V« to82V< H.K.HANG SENG Thursday 518.06 Wednesday S3U8 Week «to 905.41 SYDNEY INDUSTRIALS Thursday 443.24 Wedneaday 441J6 Week
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    • 264 8 ANOTHER dismal performance with selling all round was reported yesterday. Conditions were generally quieter. There was not much to look forward. The market was expected to drift further tn lower turnover. Sewee: Saa Hue Kal Sec. NOV 1* HKI 2.979 3.00 -0.029 -0.1 uowaten Cheong Kong China Enp CMna
      264 words
    • 544 8 EUROPEAN MARKETS EUROPEAN bourses closed generally lower on Wednesday. However, in rRANKPUSj, share prices cloeed generally firmer though off tne day's high* In relatively thin trading, bourse sources said. MAN ordinary shares roes five marks In the wake of a company announcement MAN proposed higher seven-mark
      544 words
    • 152 8 Action AJUMM Brown cnaOi m Br mRM Bowi Br. MB Br no MM -M m -l UN -10 ...ma CIMCMoPC ...006 -10 CUKMpta. Credit SoleooBr 010 4-4 .2100 *t Credit i IuMh Reg 421 until Eektro •mttBr. 1770 Oeocf* PUcher Br U0 S Olobui Pc tS until Hero M
      152 words
    • 129 8 NOV-IS n» ABN M M -OS -Ahold 111.00 uncfc Akao M OO -1.1 AMTV r so -o.s Amtu 107 SO +0 .1 Amrot Bank 70.80 uncft ■SP*. M.N I l.S 07 .00 -1.1 Bote 70.30 *0.0 Boraumt] 140.00 -4 Byankorf 01.10 -0.1 Cftlvt DtlfX 100 70 -1.0 MIKU Bud*
      129 words
    • 924 8 NEW YORK THE spectre of a deep recession raised by the US chief Inflation fighter unsettled a weakening stock market but the market still managed a small gain In moderate trading. The presidential inflation adviser said a deep recession or controls are the only alternatives available to curb
      924 words
    • 197 8 MOV U Fra Air -Lioiilda 379.m an BINIwnli C 8 f (ThomaonCW) m untit Ctamaeaiaa daaPetrotaa 140 70 -0 3 Oompagntt Plnanciara OanpMnM Credit Foncitr 414 unci) Hachctu Mt -a MachlnaaBuD Mlcticltn(B) MM +t.7 nntu MO -1 Ptchutey ClglM Kuhlmtnn M -1 FWu9jM(Nv6«m -1J PnnWmpsSA Rhom-nulineiU Royal Dutch SueatCtc
      197 words
    • 177 8 NOV U Dm Aef-Telefunken 00 MB Akxo MOO A1U Leber. 737 -23 AU« Vers 402 -fl BASK 1M.M uncti BayHTWbank SUB BajtVbank S27 Bayer 140.00 +0.8 BBC 300 1.3 BMW 223 SO -O S Oassella ...art ChemVerw 203 -1 Commersbank 2M.SQ HI S OontlOumml MM +01 Daimler-Bens 330 00
      177 words
    • 84 8 Acec Arbed A«tur 408 211 7X3 ♦I -10 +u Brue&n Ol -4 Bru-Lamb IS! 0 unch C*nf*c SM +4 Dc Barn 1M -t EDM 231 -10 Dectrobel 7120 +40 Ob-lnno-Bm 24! *5 o«* Hobok 2M -10 Petro sr 1 +10 Rjrl Dutch 1820 uncb SMro «4; ■4 8oc Oen
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    • 59 8 NOV U Ante Lin -1.75 AaaocOafi -366 CentnUc 34 -136 FWt I960 -36 nattier -11J -2 5 Ocnlmmob mw IialcemtnU •*1 -MO iuutdar uncti -1 -11 ".rVl 1 VVjJI 202 n ***** -1466 ■m -44 -3J6 -a :^y| OUvtOrd otmPri Pterrti •16 Pirelli EC -30 PlrelUSpr -M RlnaacU -1
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    • 334 8 Jo'burg OOLD shares continued «i} later In Uie day. though occasional buying interest edged some issues off the bottom on Wednesday. Dealers said tossss ranted to 100 cents, in heavyweights. Mining financial! wen sorter In sympathy with producers, but there waa little activity Oe Beers was unchanged at
      334 words
    • 559 8 FT TWO MARKET makers on the European Options Exchange (EOE) in Amsterdam have been suspended from trading because they have fallen below their li- < quidity margins. The two firms the Dutch company of Josso Options and the London-regis-tered Philippe George Marcq are the
      FT  -  559 words
    • 55 8 THE ItaKaa motor firm Lancia Mid 78,000 vehicles in the first 10 months of this, year (31 per cent msre than in 1977), company remits It expected a staaabte profit, at and abroad at the end d the year, comoany sources said. In all, Lancia sold 18.2 per cent
      55 words
  • Page 8 Advertisements
    • 335 8 The LIFE] Library Of Photography •"■uajSM 7, "fe f k A he, P s y° utosee great picture possibilities -all around you... The Life Library Of Photography Each volume measures 10' I* x 10 X U inches (26x26 cm) Hard cover, silver stamped black cloth binding. 240 pages. Approximately 300
      335 words

  • INTERNATIONAL COMPANY NEWS
    • 188 9 UPI THE 350 Japanese companies which have so far reported results (or the six months ended Sept 30 had average increases of 12.4 per cent in after-tax profits, according to a survey by the financial daily Nfhon Keizei Shim bun. This compared with an
      UPI  -  188 words
    • 122 9 Reuter THE Esso Exploration and Production Australia Broken Hill partnership recovered sandstone with indications of hydrocarbons (rom the Fortescue Two well offshore Victoria, Broken Hill reported. Cores cut over the interval 2,420 to 2,480 metres showed indications between 2,441.5 to 2,454.6 metres. Significance of the find
      Reuter  -  122 words
    • 135 9 NORDIC Bank, the Londonbased international bank whose shareholders are four of the leading banks in the Nordic area, is to open a joint representative office in Sydney together with its sister bank, Nordfinanz-Bank Zurich. This development is a further step in the bank's
      135 words
    • 127 9 Reuter LEPANTO Consolidated Mining Co. said in Manila the suspension of operations of Asarco Tacoma copper refinery will not affect its operations. Senior vice-president Ramon Recto said he had been assured by Asarco its smelting operations will continue and Lepanto's copper concentrates will be smelted in the
      Reuter  -  127 words
    • 163 9 FRANCE'S Elf-Aquitaine oil group, which is 70 per cent state-controlled, has announced a one for five scrip issue. The issue, financed by incorporation of reserves, brings the group's equity capital up to 906.4 million francs from 755.3 million francs. The new SO franc shares will he made
      163 words
    • 157 9 FT COMMERZBANK, West Germany's third largest commercial bank, is inter- 1 ested in opening a representative office in Peking. The bank believes that as soon as the Chinese govern- ment gives it the green light, the bank will be the first foreign banking opera- tion to open its
      FT  -  157 words
    • 577 9 ASIAN Reuter UNAUDITED attributable consolidated operating profit at CSR rose to A 527.62 million in the first half year ended Sept 30, 1978 compared with 124.04 million (or the previous corresponding period. Turnover rose to $464.92 million from $450.25 million, other income
      Reuter  -  577 words
    • 117 9 KAWASAKI Heavy Industries said it and C. Itoh and Co have signed a US$9O million contract to build a cement-making plant in Honduras for Industria Cementera Hondorena SA by mid-1961. The plant, with a capacity of 1,800 tonnes a day to be constructed at Piedras Azules
      117 words
    • 267 9 FT BOLIDEN, the Swedish mining, metals and chemical graap has reparted a law af B mllttea kraaers far the drat aiae maaths af this year, slightly leas thaa the 11 rnllMaa kraaers far the same parted la lfn. Graap aalee far the first
      FT  -  267 words
    • 335 9 TEXTILE Alliance chairman David Newbigging said in Hongkong it would be unrealistic to expect a return to dividend payments by the company in the current year ending March 31. It last paid a dividend for the 1973/74 financial year. In an offer document on the
      335 words
    • 360 9 r < EUROPEAN RUMASA, Spain's largest private holding company, controlled by the Ruiz Mateos family, is negotiating the takeover of the Banus group, one of the country's major property developement concerns. Negotiations are at an advanced stage and a final decision on the deal is
      360 words
    • 252 9 ROLINCO, the Dutch share investment fund, was "very active" on the world's stock markets last year but still maintained nearly 10 per cent of its assets as cash. The large cash element was kept because of the continuing offerings of the company's own shares and the
      252 words
    • 126 9 CONSOLIDATED net profits of the Swiss Reinsurance group rose from 107 million francs to 111 million for the year ended June 30. Despite a fall in gross premium income from 6.3 billion francs to 6.12 billion over the year, there was an overall improvement in
      126 words
    • 114 9 Reuter wSjiTrsiiii and ■an Thsaias Marphy Mli. Last year, the net earsMr Marphy said OM has Ml altered Mi sake Mtmmm Mr either Ike rwiia er the US aale He saM GM will have I* aid addMsaal plants nnd ether faculties Is ■Ml growth and
      Reuter  -  114 words
    • 466 9 N AMERICAN Reuter J.C. PENNEY reported a lower third quarter profit on higher ales compered with the same period a year ago. J.C. Penney, one of die US' largest retailing firms, set this year's third quarter Cifits at US$6B million, or 04
      Reuter  -  466 words
    • 35 9 FORD Motor's Belgian subsidiary has laid off 3,700 workers and cut transit van and tractor production, following strikes at British Ford plants and a slowdown in European tractor sales, a Ford spokesman said.
      35 words
    • 1723 9 I CHICAGO November 15 Board Options Exchange volume eased to 1 3,333 contracts from 160,826 contracts on Tuesday. OPTION JAN APL JLT STOCK Alcoa 40 5 0 NOL 436/0 Alee* 45 13/4 31/4 51/2 43S/0 Alcoa 50 y« 3 UNTRD 43 5/0 Alcoa 60 UNTRD UNTRD UNTRD
      1,723 words
  • Page 9 Advertisements
    • 103 9 are invited for the position of DEPARTMENT MANAGER FEED GRAMS MO ANMAL FEEDSTUFFS The successful candidate must have experience in trading ANIMAL FEEDSTUFFS. Knowledge of local and international trade practice is required. Fluency in local dialects, Malay, and English is mandatory. The man sought must be outgoing, and capable of
      103 words
    • 60 9 Effective November 15, 1978 the next six month interest rote for the US$ i 5,000,000 DAI ICHI KANGYO BANK LTD Asian Floating Rate Certificate of Deposit due November 17, 1980 shall change from 8-Vi% to 12-Vi% wwMKon Credit Suisse First Boston (Asia) Limited rcfercncc banks BANK Of AMERICA NT 4
      60 words

  • DEALS DONE ON THE SES AND KLSE
    • 1326 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
      1,326 words
    • 264 10 4 1/1* l/VM (250.000) (09.J08 W. 838) 4 Vrt li/VN (250.000) (W.BOB 100 038) 5* IS/4/81 (250.000) (*****8 100 208) «rr 1/5/83 250.000) (100.258 100 408) '.SSaT' ,a mn <25°,000) (100.708 7 V€%lVtm (250.000) (100.808) T 1/4* IS/10/SC (250,000) (100. MB) 1 1/4* l/t/97 (290.000) (100 758) ,',»r2e^'
      264 words
  • 151 10 SINGAPORE UNIT Ttl WT INCOME BON T> UNIT The Commerce ihrN« 2 04 MS (Carral ptteas) The Si vine Fund IS IX Income Bond g 1.11 L17 S pore Pro* Fund IB 0 97xd S pore Sec Fund 1.71 1.81 S pore Invest Fund l.» 1J7 MABA BI
    151 words
  • 2669 10 IS7M ""High Lot* Company Last Sale -t-or-Gr DW Div C'vr Gr'i Net Y1d P/E Vol Day (•000) Hich Low SECTION ONE INDUSTRIALS 272 238 178 219 275 111 276 326 245 660 132 123 112 133 195 60 162 173 140 256 Ac ma Alcorn Allied Choc
    2,669 words
  • 1630 10 810 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 A una (J JOB) (1) 3.35. AIMB 41.678) 41) 1« (1)
    1,630 words
  • 539 10 MILLIONS of Mian were wiped oil the tear* «f the Stock Frchaage af tavesterT the beaotlfrithe deaht by IMaldaltog to toe wake af toe ahecklag news «ft M J*r cert devateattea mt It waa eae ef toe wont daya aeea riaee toe bean teek eeatral
    539 words
  • 556 10 PRICES on the Kuala Lumpur Stock Exchange dropped further yesterday as nervous selling and fast dwindling confidence among traders drove prices substantially lower. Despite Wednesday's slight reaction, opening values were again traded down from overnight levels. A slight attempt to hold prices during
    556 words

  • COMPANY NEWS
    • 840 11  -  All is not well in mining operations By MANO SABNANI MUCH to the chagrin of shareholders who were led to believe that the company was in (or some good times, Pahang Consolidated now reports that pre-tax profit for the financial year ended July 31, 1978 were
      840 words
    • 394 11 DESPITE the adverse weather conditions faced last year, rubber company, Ayer Hitam Planting Syndicate, managed to increase earnings marginally to M5463,5C6 for the year ended March 1978. In view of the company's continued steady growth, the directors have declared an unchanged first and
      394 words
    • 307 11 BO VIS Saatfccact Asia hai dully gives la ta demaada af the Koala Lampar Stack Ezekaage (USE). Aa extraerdiaary geaeral meettag (EGM) •nU he eaaveae ta approve the aale af Its pripwt) at Baklt Tlaah. Well fjawi searees aaM the lnfMii to haM aa BGM
      307 words
    • 86 11 THE following companies have announced the proportion of their issued share capital beneficially owned or controlled by foreign persons as at the end of the third quarter of 1978. United Overseas Insurance Ltd., 11.52 per cent. United Overseas Finance Ltd., 2.11 per cent. United Overseas Ltd.,
      86 words
    • 879 11 "THERE is no purpose in a very large potato manufacturer becoming twice as large in potatoes." This is what Mr. Bernard Lewis said in reply to a question whether a plantation group like Sime might wish to take over Guthrie. There
      879 words
    • 425 11 Correal Ex Books Date Total for Total foe Pay Beat Date Close Payable the year Previous yaar Meatakab n%i Nov 8 Nov 18 Nov 23 11% 31% Rotkraans 20% Oct 16 Oct 20 Nov 20 20% 20% K.Guan Flour lSH(b) Oct 31 Nov 7 Nov 22 15% 15%
      425 words
    • 171 11 Company Particular* Em Date Books Close Pub. Bank Bonus Issue of 1 foe 4 No*6 Nov 16 T. CWMII Bonus Issue of 1 for 5 Nov S Nov 17 C Sugar* Bonus Issue of l for 4 Nov 21 Dec 1 Mia Sec Bonus Issue of I for
      171 words
    • 345 11 MALAYAN Banking has signed a M 54.5 million contract for the purchase of an IBM 3031 central computer system in a move to upgrade its banking operations in Peninsular Malaysia. The bank's executive director, Encik Azman Hashim, said the system will put the bank
      345 words
    • 56 11 OVERSEAS Union Bullion Ltd., a wholly-owned subsidiary of Overseas Union Bank Ltd. was incorporated on Sept. 23, 1978 with an authorised share capital of $2 million and an issued capital of one million shares of |1 each fully paid. The company will participate as a dealer member
      56 words
    • 131 11 SINE Darby Ltd: AGM to be held at the Regent Ballroom, The Regent Hotel, Kuala Lumpur at 12 noon on Nov 17. Tractan Malaysia KM: AGM to be held at Hilton Hotel, Kuala Lumpur at 12 noon on Nov 20 Bfnta PlaatatUai Bhd: AGM to be held at
      131 words
  • Page 11 Advertisements
    • 371 11 zwy COURAGE CONFIDENCE LEADERSHIP m DALE CARNEGIE 10 ways Uw Dale Canwgte Coarse kelps men aid woaeo: Acquire pone and confidence Speak effectively Sell yourself and your ideas Be at your best with any (roup Remember names Think and speak on your feet Control fear and worry Be a better
      371 words
    • 93 11 announce Two Important Management Workshops in Singapore teAme Morton The Productivity/Success/ Satisfaction Cycle 30 Nov. 1,2 Dec. 1978 Simon Majaro •Vr- i 14,15 Dec. 1978 Enquiries and Registration: CONSULASIA PTE LTD. 1001 A, Ocaan Building Collyer Quay Singapore 1. Miss Wong Chia Lee, Singapore ***** Miss Lilian Tan Kuala Lumpur
      93 words

  • 639 12 INDONESIA'S decision on Wednesday to float its rnpiah was taken "from a position of strength," Economic Minister Professor Wijoyo Nitisastro said in Jakarta yesterday. The decision resulted in an average 50 per cent de facto devaluation against the world's major curren- cies. Explaining the government's
    639 words
  • 149 12 Reuter S THE Hull Baak aid the Bank of Seoul Md Trust Ca will apeo repre- sentntive offices in Stagapore, the South Korean Finance Ministry Z said in Seonl. 1 The ministry added that the government has approved plans for Korean banks to set np 12 braneh
    Reuter  -  149 words
  • 390 12 Reuter JAPAN'S overall balance of payments turned to a deficit of US$96O million (512.14 billion) last month, from a surplus of $446 million in September and a surplus of $324 million in October last year, the Finance Ministry said in a preliminary report. The surplus
    Reuter  -  390 words
  • 202 12 Reuter BANK of Japan governor Teiichiro Morinaga said the US is expected to approach Japan on the possi- bility of issuing US government bonds in yen, although no such contact has yet been made. He said the US does not yet need to float yen bonds because
    Reuter  -  202 words
  • 151 12 SOME Btamm aaderwrlters will take part la a DM M milUaa toad ($5B mllllea) to be sffered by Japaa's Hitachi Zeaea aa Nav. 21. Ameag them to Slagapere-Japaa Merefcaat Baak. The five-year eM head will hear a eaapea rate sf LIS per eeat.
    151 words
  • 28 12 Reuter DEVELOPMENT aid granted by members of the OECD's Development Assistance Committee (DAC) should rise slowly between now and 1980, committee chairman Morris Williams said. Reuter.
    Reuter  -  28 words
  • 743 12 LONDON, Thurs. Shares drifted in light trading today on concern over British economic prospects following Treasury forecasts of lower growth and continuing high government borrowing in the next* 12 months, dealers said. At 3 p.m. the Financial Times index was down 5.7 at 469.3. The market was also
    743 words
  • 475 12  -  By JOHN TAN THOUGH the Consumer Price Index (CPI) has moderated, some items last month were much more expensive relative to the CPI than they were a year ago. Entertainment costs were a fifth higher than they were 12 months ago. Rice and other
    475 words
  • 337 12 THE UNITED States is more likely to experience a slowdown in its economic growth rate than a recession following President Carter's dollar-defending package, Chase Manhattan Bank chairman David Rockefeller said in Hongkong yesterday. He said there does not seem to be a probability of a
    337 words
  • 279 12 AFP EXPERTS la the OrgaalMttw far gemale CmaiwMm aad Pf ntepmial (OECD) fear a aew reeeeileaary tread la the Ualted States that eeald spread te Westera Eanpe. This appt ahtasiiß is ast official, hat the the OECD teiaiMlt pettey committee are wanted. They
    AFP  -  279 words
  • 75 12 Reuter NEW ZEALAND would take a tougher line on multinational companies if a Labour government was returned in the general election of Nov. 25, a former Labour cabinet minister said in Wellington yesterday. Bill Freer, Labour opposition spokesman on trade and industry, condemned tax dodges by multinationals.
    Reuter  -  75 words
  • 298 12 Reuter THE failure of the US Congress to renew President Carter's authority to waive countervailing duties on subsidised foreign imports beyond Jan 3 has thrown into uncertainty the overall negotiating timetable of talks aimed at liberalising world trade, US special trade negotiator Robert Strauss said.
    Reuter  -  298 words
  • 309 12 Reuter CONTROL of a multimillion dollar fund to stabilise commodity prices and markets should not be on a one-country-one-vote basis but should reflect the amount of cash put up by governments either directly or through individual commodity agreements. This was put forward by
    Reuter  -  309 words
  • Page 12 Advertisements
    • 130 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are quoting the following for Singapore Dollar term deposits up to SS2SO.OOO 1 month 5V*% p.l. 3 months 5%% p.a. 6 months 6% p.a. 9 months 6% p.a. 12 months 6'4%p.a. Savings p.a. We also
      130 words
    • 68 12 1 1 I >bfraumil<li ATSWEIN RHEINHf^ m Who (hires to put a white wine in a black bottle? BLACK lOW I K! classic whue wme Ir<>m (iermarn presented in an original black buttle. Black lower has a distinctive st\le ami character which makes it iust rip fit to drink all
      68 words

  • SHIPPING TIMES
    • PORTSIDES
      • 102 13 Reuter THE SABAH Foundation will build 15 log-carrier vessels costing about Msl6o million to increase its fleet to 25, reported Bernama. Sabah Chief Minister and Foundation chairman, Encik Harris Salleh, said that the first three 8,000dwt ships are expected to be delivered between June and
        Reuter  -  102 words
      • 72 13 Reuter SABAH will build a 2,000-tonne ship to carry cattle from a 202,343-hectare farm it owns in Australia's Northern Territory. A M59.9-million order for the ship had been placed by the state-owned Rural Development Corporation. The ship is capable of carrying 500 live cattle for slaughter in Sabah.
        Reuter  -  72 words
      • 34 13 Reuter MEMBERS of the Japan/India-Pakistan-Gulf/ Japan shipping conference yesterday lowered the conference currency adjustment factor to 30 per cent. The CAF has been at 34.50 per cent since Nov 5.— Reuter
        Reuter  -  34 words
      • 47 13 Reuter PAKISTAN has signed an 18 billion yen (SJ2O7 million) thirty-year credit at 3'/ 2 per cent interest with Japan. Ports and Shipping Minister Mustafa Gokal said the credit carries a ten-year grace period and is for the purchase of seven ships. Reuter
        Reuter  -  47 words
    • 660 13 LEADERS TO MEET MINISTER Reuter UPI ABOUT 5,000 bargemen and launch crews went on strike in Calcutta on Wednesday as a prelude to a nationwide port strike by more than 200,000 port and dock workers which began at midnight yesterday, according to a
      Reuter; UPI  -  660 words
    • 442 13 SWppU* CM. Aconas n 5 ACS n 5 Afea IV 3 Alpac IV 5 ANL i I APL m 2 Arya Nat n 5 ASCI. m 5 Angkutan m 4 Aguila IV 2 AustCont IV 5 Bank n 5 BBS n 2 Ben Asia m 3 Ben EAC hi
      442 words
    • 112 13 Reuter SHIPPERS in Hanghang have reported that all sautbern Iranian parte were heavily congested daring the past few weeks causing considerable delays while waiting for pilots, berths and lighters. They said this situation Is expected to esattnne in the foreseeable fntnre. Member lines sf
      Reuter  -  112 words
    • 225 13 FOUR Japanese and one British shipping lines have formed a new consortium to provide a new weekly feeder service between Japan, Taiwan, Singapore and Malaysia. The consortium, JapanStraits Container Line, will link the weekly container service to the existing US/ Canada services operated
      225 words
    • 74 13 Reuter THE FIRST ocean-going vessel built in the Philippines will be launched by President and Mrs. Marcos today in Bataan Province, the Philippine Dockyard Corporation (PDC) said yesterday. The vessel, a 6,000-dwt cargo ship with an overall length of about 102 metres, is
      Reuter  -  74 words
    • 3175 17 BCHEDUIE 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
      3,175 words
    • 904 18 RECEIVING OF EXPORT FCL CONTAINERS 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 tne Authority's premises during the
      904 words
    • 957 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 Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Unipacific. Alpac
      957 words
    • 532 18 AFP ANY DISCRIMINATORY action by West German shipowners against the Soviet merchant marine will not be left "without reply", warned Mr. Igor Averin, head of the foreign relations department of the Soviet Ministry of Merchant Marine, at a press conference in London on Wednesday. Questioned as
      AFP  -  532 words
    • Article, Illustration
      350 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Hoegh Orchid (after President Cleveland) 31 32 Nedlloyd Fraser (after Nedlloyd Kimberley) 3/4 Nedlloyd Kimberley (after Nedlloyd Futami) 3/4 Petrelo (2000 after Orchard Gold) 40 41 Straits Star (0600 20 Viminale (after Fujihoshi Maru) 15 16 PASIR PANJANG WHARVES Asean Progress (0600)
      350 words
    • 237 18 UPI FAR EAST time chartering tended to dominate a market noticeably lacking grain voyage activity. Grain houses held back from fixing in the event of eventually finding cheaper tonnage due to a recently weaker North Atlantic tone. Far East time chartering embraced vessels in a wide size range.
      UPI  -  237 words
  • Page 13 Advertisements
    • 555 13 Scan Dutch V Fast and Regular Service To/From N.C. /SCAN IW.MED./U.K. Singapore Tel *****1 Port Kelang Tel *****1. Kuala.Lumpur Tel *****. Penang Tel. ***** \KI I M I \H m Orient Overseas E FULLY CONTAKRISED SERVICE TO EUROPE (VIA SUEZ) I»TIME CORAI 10W OCTALCR NU 13W CHfVVH *03 UN WTU*
      555 words
    • 230 13 11l SEALORD ANTAH UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. GULF WEEKLY SERVICE S pore Loading for BN YOUNUS 21/11 Kuwait (2/12), Dammam (5/12), Dubai (8/ 12), Abu Dhabi (11/12) IBNHAZM 30/11 Dammam (11/12), Kuwait (14/12), Bandar
      230 words
    • 807 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****1 Port Kelang Tel *****1. Kuala Lumpur Tel *****. Penang Tel ***** MAERSK LINE For US Pacific Gull 8 Allans d«3fc<iM ,A. ■o.H.CPpln.g lp. Ho„ u .,>„o DIRECT WEEKLY Punang Mo»» j .^rvur/v. fiiiil Salad -—rwa u/ll
      807 words

  • Page 14 Advertisements
    • 823 14 JZHapag-Uoyd FULLY CONTUOISED TO EUMPE Crtganßay 412 6/1? 28 12 30/12 1/1 3/1 Mm Mara 10/12 27 12 29/12 30/12 (3/1) UrWEMwih 11/12 4/1 t/1 7/1 (12/1) Oufca Bar 18 12 19 1? 10/1 11/1 12/1 15/1 Kavigi Mara 20 12 7/1 9/1 10/1 12/1 Hwfkatit Eiprets 28 12 30/12
      823 words
    • 303 14 Taf*ytir T»hn« Nw 23/24 Dk 14/14 DK 24/20 Nm 20/77 Dec 17/11 Ok 20/29 la" 21 Feb 6 lan 31 Feb II i» ft Feb 5 Feb 14 I Feb 19 Kelt Imt "TAMEHLANF In Pwt To: US ATLANTIC US GULF ft EAST CANADA ***** "lliß It IH3MK2 J I«<M
      303 words
    • 489 14 i J "T FULLY C«nMOBSED Go one better to the Ndde East PRIORITY BERTHMG t DISCHARGE AT ALL PORTS KUWAIT B SHAHPUR ALSO ACCEPTWG CARGO FOR BAHRAIN ANO ABU DHABI K* Kim /HIPPinG TffßDinG PTE. LTD. Kt rl Telex KMSPEED RS ***** Tel *****37 *****11 EVERGREEN LINE (EVERGREEN MARINE CORPORATION)
      489 words
    • 1145 14 Everett Lines iF 4 Barm Fivt Star Skippiaf C*rpa. "BURMESE NATIONAL LINE" IORORB FOR RANGOON B F.S SC. Agents in Malaysia TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel *****/***** '»£t v n. ComaMia Anmtma Da IhwUcioN lot area NtiMNtal S. A. C.I.F. "ARGENtINE NATIONAL LINE" lOMMK FOB OHM
      1,145 words
    • 809 14 JMaM A SANKYO LINE AUSTRALIA SERVICE TWEE SIM—. seabloom— MIT CMP DMMOW STIR. SMLED M PORT IDELMEL.SYD SIUD MPORT MM. FRE lIKRT 1«/1« NOV SYD. ML. AO& 15/ It Dot 17/11 Dec STD. ML. AOEL BANGLADESH SERVICE DIAMOND STM. 21/22 NOV 11/2* NOV CMTTAGONG. CHMJM GENERAL AGENTS CONTAMER 800RMG LOAD
      809 words

  • Page 15 Advertisements
    • 699 15 Overseas I Containers Limited COMMCBW gmct TO tmcxs* soma from uk/Contmnt w la *4a» Harre SIM P Mmt S K*» 1M 21 fet 23 fet 24 Nm m US ft KB (Ok WHS Nl«n 14 Rot 1* Mm 21 fet 24R* 13 0k IS Dk wi nan nRr M*r n*r
      699 words
    • 741 15 GRANARD LINE Jl r li'w'J.' T T :'li7i.T»7i. iV\f<] r,v GRANARD SHIPPING AGENCIES IS) PTE LTD Tel *****77 i 5 Lines) STRAITS EXPRESS CONTAINER SERVICE loadnf for New York, East Coast and Guff ports by Mn-landbridfe Los fafetes, San Francisco and Seattle EXPRESS CONTAINER/BREAKBULK SERVICE Seattle, Tacoma. Lonjview. Vancouver BC.
      741 words
    • 642 15 IJ K+ BEN LINE CONTAINERS CarifeM Bar Dm Man C4j at EMv|k Osaka Bay Inaiallan Ha*fka*t (.press HBURG B HAVEN ROAM HAVRE SOTON W Germany Austria Benelu. fiance Al I* PKetar* Sporr Far C«<fan Bay SaM SaM SaM SaM SaM 21/11 Oral CMvfk SaM SaM SaM SaM Osaka Bar SaM
      642 words
    • 877 15 Scan Dutch 9 AINER SERVICE VIA SUEZ IA FmOh Woo P Mmi Wss« Spat I) Msodlrs Ita t*a( << Gtwi It/11 11/11 J/12 7/12 */12 2VII 9/12 14/U It/12 It/U 4/12 17/U 22/12 24/12 24/12 12/12 2V12 N/12 2/1 1/1 21/12 VI 1/1 10/1 12/1 21/12 1/1 1/1 11/1 »/U
      877 words
    • 702 15 r GUTHRIE BOUSTEAD THE BANK LINE LTD. LOADS FOR I 1 S AFRICA Mawflga Owtwi (I Pi. m S pore M Km/2 he f Keiang V7l FMMUSTIt SIM. p m»« 21/29 nr s*«t P Maw 77 Nat/3 he Spore 4/ 11 EXPRESS SERVICE MRECT FROM SINGAPORE TO NEW ORLEANS. MO6RE.
      702 words

  • Page 16 Advertisements
    • 907 16 —ammaiwijnii» <vw suez by c«n»*n«Tv«m» TO EUROPE S pwt p Aelang I Havre H burg Bremen R dam X «erp 12 11! 5T 70k ,0k I#tet 11 Dtc 13 Ok S?! Jr 7*" 15 0,4 17 11 19 Ok 21 Dtc SflSfVP.i? 2Ok 3 Dtc 21 Dk 23 Dk 24
      907 words
    • 868 16 U.S.A./EAST CANADA SERVICE MXEPTMC fCI/ia CONIABRS FROM PENANG P. CLANG STORE im*i iv mi tom. cum noreok 1.0. MRONTA PRABIJH (KM 74 SO) IUSh. HVJMta. »/SHL 22/24*. E.C./GREAT LAKES SERVICE load* tar: NOWOIK *W TOM. MONTKAL IORONTO. UMTMM.it. DC THOIT OK AGO taint Bdnin P Kelanf CALIFORNIA/PACIFIC NORTH WEST SERVICE
      868 words
    • 984 16 m NEPTUNE ORIENT UNES LTD •FULLY CONTAINERISED SERVICES FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE 10 MKUT I VIA Vr7\ Spoo > Reiang s'lor Harre (Thin Vem R dam Arret CORW 111 Nor liter] 50k 7Dk 9OkIIOkII Ok 13 b CHt HNer27Ner 13 0k IS Ok 17 0k II Ok II Ok arwua*oa
      984 words
    • 613 16 j I MALAYSIAN INTFHNATtONAI SHtPPHVG CO*PO*AT/OH BIBHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WEST BOUND: Fetde. *P Keiang Vessel Spore 1 > *hei#es 21 Rdam 3) H bu>| 4) GAwrg Fit ANOKA M KORRKAM 11/11 30 11 5/12 7/12 »/12 FRANCfSCA 19/11 to HOUIMM 25/11 Jl2 14/12 14/12 11/12 EUMORA
      613 words
    • 779 16 f INTRASEA (PTE) LTD Faber House 234E Orchard Roaa Singapore 9 Telephone ***** 1 1 *****57 REGULAR MDEPENDENT SEN/FULL CONTMO SERVICE TO jK" Wm Pn»| la*| "®23 25 Km 22 Rm f? dM H iwft &0k 30k rssrsr N** WMB (HI) lIP 2JUt 11 ftffWHt 2354R57 fto swse i nunc
      779 words

  • Page 17 Advertisements
    • 265 17 SHIPPING GERMATRANS SHIPPING L iMf 7 NORWAY I New Eipress Monthly Independent Semi Container Service trom Singapore to Antwerp. Rotterdam and Hamburg ttSSQS YEAR BULT 9NGAPORE ANTWERP RDAM HAMBURt Germa Lady 1978 27/11 1/12 26 Dec 28 Dec 30 Dec Germa Geisha 1978 30/12 1/1 26 Jan 28 Jan 30
      265 words
    • 242 17 f g Seatrain Full Container Service to USA mkm vsi stow none* m w om la suf f/c I Vessel Seitrw 24/U Burter M 30/11 11/12 16/12 2C/12 21/12 31 »Vessel 29/11 Seatun 24/11 Cwcvd 9/12 27/12 25/12 3/1 1/1 57 Full Container Service from USA Mono VSL C/C GULF
      242 words
    • 218 17 EGYPTIAN EGYPTIAN FLAG INTERNATIONAL LINE EIL FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) tombs u MUU Safcpct m STORE PT ICQ FENANG PT SAD ALEX u N*. a OUTS Ore fee II BU Dec 10 fee 12 fee 23 fe< GENERAL AGENTS: L.N. SHIPPING PTE LTD Tel:
      218 words
    • 237 17 —ifIRN —FAR EAST\UUIV WEST AFRICA SERVICES CONTAINER SERVICE ETA STORE ETA LAGOS ETA P .MAR COURT MV TIE FLOWER 9 Dm 4 Jan 14 lan MV RTOSEI MAM 21 lan IS Feb Also Kceptmf LCI cart* <• LafW BULK SERVICE (NON-CONT AMERtSED) STOBf P KLLMK POMNC LAGOS M V MTRTOS
      237 words
    • 146 17 mm inTERmOOfll. TRfifISPORT ATLANTIC MTERNATKMAL UNES (PTE) LTD ETA ETD 10MMC ft* 1IN» Uytm 2111 m 23 MM iiimrmmm »Mm »Nn U urnd mth itm iri moat n tok Tin fm c T2!_ fc p c Ud i* T* KIJJM^IW/SSSr Nui mm 14 S 1 t*t #zsw»/■ «uwn JAPAN STRAPS
      146 words

  • Page 18 Advertisements
    • 198 18 SHIP FOR SALE Sealed Quotations ore invited by undersigned for sale of Vessel M.V. "CHATTAGRAM" on "AS IS WHERE IS" basis. The Brood particulars of the Vessel are os follows:DRAUGHT MOULDED DESIGNED LOA IBP DEPTH MOULDED GROSS TONNAGE GRAIN/BALE CAPACITY DERRICKS DIESEL OIL CAPACITY MAIN ENGINE 1691 1967 ANGYALFOLD SHIPYARDBUDAPEST
      198 words