The Business Times, 28 November 1978

Microfilm: NL9922
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, NOVEMBER 28,1178 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Dollar hits high
      61 1 Reuter. LONDON,Mon. The dollar today reached its highest level since President Carter announced his defence-of-the-dollar plan on Nov 1. The dollar opened at D-mark 1.9335 on the London foreign exchange, up from D-mark 1.9292 on Friday and well above the record depths of Dmark 1.72 to which
      Reuter.  -  61 words
    • Article
      Lock icon Asean's rice reserve
      62 1 AFP. BANGKOK, Mon. Senior Asean officials have agreed that Asean should maintain a rice reserve of 50,000 tonnes for emergency use by member countries, official sources reported today. The agreement, reached during a recent meeting here on the establishment of an Asean food security reserve, would be
      AFP.  -  62 words
    • Article
      Lock icon Back to 500-level
      63 1 UPI. HONGKONG, Mon. The stock market today rose past the 500-point level, but investors remained cautious following rumours last Friday that some financial houses were having liquidity problems. Turnover was low. The Hang Seng index closed at 501.14, for a gain of 16.42 points. Earlier, the index
      UPI.  -  63 words
    • Article
      Lock icon Try again
      75 1 UPI. GENEVA, Mon. North-South negotiations on a proposed "common fund" to finance commodity price stabilisation were extended to tomorrow as the rich and poor nations try again to narrow differences and agree'on a framework for further talks. The Group of 77 developing countries demand US$BOO million (551.76 billion)
      UPI.  -  75 words
    • Article
      Lock icon Passive resistance
      68 1 AFP. TEHERAN, Mon. Foreign companies in Iran are facing all sorts of difficulties including nonpayment of their bills from government departments. Finance Ministry staff are on strike and taxes are not being collected, while customs service is at a standstill. "The Iranians are not really on strike but
      AFP.  -  68 words
    • Article
      Better success
      50 1 KUALA LUMPUR, Mon. For the first 10 months of this year, 196 people, including 80 civil servants, were arrested on corruption charges, compared with 163 arrests for the corresponding period last year. There were six division-one officers among the arrests. The success was attributed to better public cooperation.
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    • Article
      Dow Jones
      65 1 NEW YORK, Mon.— Stocks headed higher early today in the wake of some favourable economic and monetary news. Trading was moderate. The Dow Jones industrial average of 30 industrials, which gained 3.12 points on Friday, was ahead 1.82 points to 811.93 in the first half-hour. Advances led declines,
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  • Chief Price Changes
    • Article
      In Singapore yesterday
      119 1 Rises Most Active Nat Iron MO +25 H Par 879,000 330.000 156,000 123,000 CAC OCBC Sun|«iBefi FAN 498 755 600 470 +24 +20 +20 16 S Darby Robinsons UOB S Financc 346 12 Total Turnover: 4.76m Berjuntai 650 10 Total Value: S10.36m High A Low 318 10
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    • Article, Illustration
      In Kuala Lumpur
      147 1 Rises Most Active B Kawat Tronoh 259 635 45 25 S Darby H Par 457,000 377,000 169,000 134,000 C A C 498 24 Consplants S Trading Rahman Hyd 545 560 20 20 Gentings OCBC 755 20 lotal Turnover: 2.51m DBS 400 16 Total Value: MJ5.86m Berjuntai C
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  • Article, Illustration
    Corporate loan hunter POSB
    666 1  -  PROJECT-FINANCING TACK By SOH TIANG KENG THE Post Office Savings Bank, armed with its powerful deposit base, is stepping up its hunt for more corporate loans. Commercial banks are watching this new development with growing concern. Having lost out to POSB in the chase for deposits,
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  • Article
    DBS RAISES ITS PRIME
    197 1 THE DEVELOPMENT Bank of Singapore, the only member of the Big Four with its prime lending rate at 7 per cent, has decided to follow the others. It will raise its prime on Friday. The bank announced yesterday it will increase its minimum lending rate, unchanged
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  • Article
    Exports set to breast 5-million unit tape
    604 1  -  By JOHN LIM SINGAPORE'S exports of cassette-recorders next year is expected to more than double last year's figure of two million sets. All indications are that cassette-recorder exports will exceed four million sets, and possibly hit the five million mark next year. This
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  • Article, Illustration
    OCBC appoints Hongkong taipan to its board
    207 1 OVBBBEA-CBINEBE Baa Hag Carperattoa ku appelated Mr. Uhiii Kawk (stove), chairmaa •f Wlag Ob life (H«Mlags) sf Heagkeag, a member ef Ite heart mt directors. The appsiatmeat, effective fraaa Nev 1, appears to reflect the earparato eaaaecttoa the Heagkeag eeagtomerate has with toe
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  • Article, Illustration
    Mr. Ohira is set to replace Mr. Fukuda
    422 1 PRIME MINISTER Takeo Fukuda announced he will step down to pave the way for his long-time political rival, Mr. Masayoshi Ohira, to take over power. Mr. Fukuda, 73-year-old bureaucrat-turned-politi-cian, made the announcement yesterday, shortly after he suffered a surprise defeat in preliminary
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      26 1 oWiyfoong MAF A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Liihjtcd it ITIOSt Shaw Ground Floor. 354 Orchard Road. Singa|K>r«- 9. 'I'd: 577M77.
      26 words
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      Page 1 Advertisements Column 2
      42 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant ISJ fFU Hcnßv nnc RGEnciEs pte. ltd 9 LENGKfE BOA I SIN 3 T-j fc jt BRUNEI AGENT RELIANCE DISTRIBUTORS 144 8 JALAN CHEVALIER.BANDAR SERI BEGAWAN BRUNEI TEL *****
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      Page 1 Advertisements Column 3
      75 1 CORONATION Plan's reyal rfn la US 7 stadle apartmeats I HOTELS: Is the PSA m the ASEAN aatemattve Mistry Is right lack 7 gearlagap S FRASER Neave set fw a DOES Jakarta have the see is g—d year 1] jevataatfea gam Me f CHINA'S eOshare eppertaaltles THE saaad aad fary
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      Page 1 Advertisements Column 4
      249 1 Kll ——MM\ inclusive ot pans J IS BIG SAVINGS W PLAIN FWER COPYING Lrni' Singapore Tel: *****4 <2 Lines) Think Big ODShasabig little computer for you —the Datapoint 1500 at an accounting machine price. (P-S. We also sell big medium and big big computers). i #2 The Datapoint 1500 System
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  • TRADE AND INDUSTRY
    • Article
      Lock icon Bangkok and Peking air links meeting next week
      209 2 AFP A HIGH-LEVEL Chinese aviation team is expected in Thailand early next week to negotiate air links between Bangkok and Peking, Thai Deputy Communications Minister Prasit Narongdej said yesterday. The Deputy Minister noted that if negotiations were successful the domestic airline. Thai
      AFP  -  209 words
    • Article
      ITB INDUSTRY TOUR
      56 2 MEMBERS and senior officials of the Industrial Training Board (ITB) will visit the petroleum, oils and chemicals industry today. The visit, the 15th of its kind, is being led by the Minister-in-charge and the chairman of the ITB, Dr. Ahmad Mattar. The team will familiarise itself with
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    • Article, Illustration
      Crowning the sale of studio flats
      371 2 GOLD HILL Developments is offering for sale ostensibly the first one to do so two- and three-storey studio apartments. Called Coronation apartments, they stand atop the proposed $10 million Coronation Shopping Plaza in Bukit Timah Road. There are 20 units of Coronation apartments comprising
      371 words
    • Article
      Lock icon They don't want oranges to upset applecart
      132 2 AP. A SECRET nwinnt to toereaae the (apart s# Amerlcaa irugei to iapu haa k(«i rraihiii by AmeHtM ud J a paMM trade tort waa aat made pakHe tor fear «f apaetttag Priae Mlateter Take* Fakada's Md far re-etoettoa, martf|| 1 r*i .irwiwm
      AP.  -  132 words
    • Article
      Move to stabilise rice in Sabah
      576 2 THE MALAYSIAN National Padi and Rice Authority (LPN) which is to extend its activities to Sabab next year will attempt to stabilise the price of rice and pkdi in the state. Public Enterprises Minister Encik Manan Othman, in announcing this in the Dewan Rakyat
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    • Article
      Lock icon Taiwan's output higher for first 10 months
      196 2 Reuter. TAIWAN'S industrial output row by 25.6 per cent in the first 10 months of this year compared with the same 1977 period, the Central News Agency reported yesterday. Mining output rose by 2.7 per cent, manufacturing output by 27.8 per cent, heavy
      Reuter.  -  196 words
    • Article
      Breath of Life for smokers kicking the habit
      225 2 SMOKERS who want to kick the habit can now try the new Breath of Life. Quite aptly named, it is a combination of nicotine substitutes and psyschology which helps break the smoking habit. Breath of Life, available in Singapore since July this
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    • Article
      Lock icon Thailand suffers huge trade deficit
      131 2 AFP. THAILAND suffered a trade deficit of 18,283 million baht (about SS2 billion) during first eight months of this year, an increase of 46 per cent on the same period last year. A report by the National Economic and Social Development Board said Thailand exported
      AFP.  -  131 words
    • Article
      Another $34,000 for relief fund
      76 2 THE Minister of State (Labour), Mr. Sia Kah Hui will receive two donations totalling 134,000 for the Industrial Accident Relief Fund on Nov 29. A cheque for $14,000 donated by staff and trainees of the Industrial Train- ing Board and Adult EducaI tion Board will
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    • Article
      Stress on quality
      70 2 THE Singapore Quality Reliability Association will conduct a workshop on "Implementation of manufacturing quality assurance programme" on Dec. 18 to 20. The workshop will include lectuhes on the latest technology of quality control ysnd reliability studies, case studies demonstrating the application of various quality assurance concepts and
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    • Article
      Stress on domestic supply of car parts in Malaysia
      632 3  -  By RONNIE LIM THE MALAYSIAN automotive industry's current emphasis is on the development of indigenous capability to supply component parts for incorporation into motor vehicles as original equipment. Government approval has so far been granted for about 100 such projects. Mr.
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    • Article
      S pore student tops
      94 3 A SINGAPORE student came hi second worldwide in the recent Association of Certified Accountants Foundation examination. Mr. Alan Wong Chan Kong of Qaeensway Tower gained second place in the Part B examination of the association to win the Chan Kam Chee prize. For gaining first place
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    • Article
      MEMO PAD
      316 3 COURSES AND TALKS Oct 16-Dec 18 (every Monday): A detailed study of reinsurance and its role in the conduct of insurance business, SITC, SITC. Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, SITC Nov 27-29: Managing a sales force, Hilton, Consulasia Nov 30-Dec 1:
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    • Article
      Three sectors can provide the driving power
      453 3 ASEAN governments, the private sector in each Asean member country, and the multinational giants of the automobile industry will be the three sectors that could hasten implementation of the Asean automotive complementation programme. Disclosing this at the Transpo-Asia seminar yesterday, Mr.Ricardo Silverio, chairman
      453 words
    • Article
      Asia springs surprise on B-Marsteller
      350 3  -  By FOO CHOY PENG BURSON-Marsteller International, the world's secondlargest public relaUons firm, expects the local market for its services to grow by some 20 per cent for the coming year. For Asia, the targeted growth rate is about 25 to 30 per cent, said Mr
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    • Article
      Direct trunk call by pay-phones
      159 3 TELECOMS will introduce direct dialling pay-phones (or trunk calls next year. Tenders have already been called for an initial order of 300 multi-coin payphones. These are expected to arrive shortly after tenders close in Feb 1979. The multi-coin phones, which have apertures designed to accept
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    • Article
      Lock icon Mining stakes
      162 3 UPI. THE GIANT American Oil Company (Amoco) has reportedly offered to buy into Marinduque Mining and Industrial Corporation of the Philippines. The Manila Daily Ex press, quoting sources from New York, said the offer to the mining firm during the past months has not yet received any favourable
      UPI.  -  162 words
    • Article
      Lock icon Mission's success
      36 3 UPI. HONGKONG'S trade mission to Japan has scored "a great success," obtaining clear assurances of Japanese investments in the British colony, its member said in an interview with a local news agency yesterday, ypj.
      UPI.  -  36 words
    • Article, Illustration
      Picking the right media
      253 3 A WAY to measure the effectiveness of media presentations should be looked into, thus allowing for the proper choice of media for non-formal education. At the opening of the Seameo-Cepta seminar on "Planning and management of mass media for non-for-mal educational programmes" yesterday, Senior Minister of
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      266 2 7 i -•'vV ><1 iK^y t e<t^ t > SF:: I i| SCS Jw> jt «k If-. s-;' r: a \i'\. s yt U> /Ki y/ »;> to <i M' 1 J r.\: r~Jt W 1 C t P r i i u 5E v\f, »ft Call him at Continental.
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      63 3 HOT#AUGUST 1979 Featuring: Modern, fully equiped Gymnasium, Sauna, Massage, Pool and Professional Fitness Programming. Reasonable prices. Membership will be completely reciprocating with the other ten Centers in Honolulu, Tokyo, Seoul, Hong Kong, Manila and Jakarta. Entry fee: S $500. Monthly dues: S $50 for unlimited usage. Call the MARCO POLO
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    • Advertisement
      Page 3 Advertisements Column 2
      158 3 Because the banker was on his toes, the business i offand running The banker with an inside track locally often has the advantage* Particularly when he's backed by the worldwide resources of a financial network. As all dur bankers are Take the matter of financing for new business in Asia,
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      608 3 U TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Cool ones, despite their fur coats? (4) 4 Best bloom (6) 8 Catty temper? (3) 10 Running this is crazy (4) 13 Game that's good for circulation (8) 14 Effete as our town may become (4,3) 15 Like trouble In student alumni? (8)
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      296 4 THE Singapore rubber market yesterday closed slightly lower with December One RSS buyers quoted at 248.75 cents per kilo, down 0.75 cent from last Friday's close, dealers said. Morning prices were marked up half a cent on higher London advices, they said. The afternoon session was
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    • Article
      Closing prices
      31 4 Rubber: Nov 27 Singapore: December: 248.75 cents (down 0.75 cent) Malaysia: December: 248.50 cents (down 1.00 cent) Tin: M 51,879 (down $3) Official offering: 208 tonnes (up 58 tonnes)
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    • Article
      RAS PRICES
      360 4 Prices in cents per klio yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt f.o.b 249.00 250.00N 247.50 248.50S Int. 1 R.S.S. December 250 25 250.50. 248.75 249.00 Int. 1 R.S.S. January 252.75 253 00 251.25 251.50 Int. 2 R.S.S. 244.50 245
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    • Article
      SSR and SMR
      94 4 NOON SSR and SMR pncvs yesterday: Bis n i (Curat Mtfc) (Fsr MMty wart Mtfc) Bayers Sellers ■ay SSR 20 (I con pallet) (eeata (eea '*per M> 241.50 243.50N 243.50 245. SON SSR SO (1-ton pallet) 239.50 241.50N 241.50 243.50N MRELB SMR5CV (1-ton pallet) 264.50 266.50N 265.50
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    • Article
      Tin
      180 4 THE Straits tin price in Penang yesterday, dropped Ms 3 per picul to $1,876, still $176 above the International Tin Agreement ceiling, dealers said. The slight drop was a technical correction to Saturday's rise, reflecting a larger tin contribution over the week-end, they said. However, light local Japanese and
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    • Article
      Cocoa
      135 4 COCOA terminal opened £12 to £6 per tonne higher in London yesterday. Turnover totalled 115 lots. Dealers said the market had been expected to open little changed based on New York's performance on Friday night. However, light commission house and local buying coupled with a slight easing of sterling
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    • Article
      Zinc
      56 4 IN LOndon yesterday, zinc finished the morning down mostly £1.0, lacking fresh feature and tending to reflect movements in lead and copper. Three months traded within the range £364 360 364 during pre-market, ring and kerb dealings with early commission house liquidation attracting small scale short-covering support. Sales of
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    • Article
      Produce exchange
      280 4 TRADING was generally dull in the Singapore produce market yesterday. Price indications were seriously lacking as buyers and sellers were quoted at wide disparities. There continued to be a slightly easier bias for want of buying support. On the other hand, local stockists tended to sell off as
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    • Article
      Gold
      270 4 GOLD futures in Singapore yesterday held steady through the day, supported by local buying interest, dealers said. Opening indications were marked down by about US$3 an ounce in all positions in line with lower Hongkong trend last Saturday and thereafter showed little movement, they said. Turnover for the day
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    • Article
      Hongkong Comex
      192 4 TRADING in Hongkong sugar futures was fairly quiet yesterday on continued lack of interest, with turnover at the low level of two lots, unchanged from Friday, dealers said. The only month traded was the distant September, which rose US 0.06 cents from Friday's closing, they said. Yesterday's daily
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    • Article
      SPOT PRICES
      186 4 YARN and cotton in Hongkong dollars, spot ex-godown: Cattaa ymra: China Blue Phoenix 20b 2,230, 32s 2.810; 40s 3,020 (per bale of 400 lbs). Pleee gwda: China Butterfly and Globe brand unq. Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying Gee* unq (per piece 36
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    • Article
      Silver
      124 4 SILVER closed at HKJ276.50 per 10 ounces in Hongkong yesterday, unchanged from Saturday's close, in continued quiet featureless trading, dealers said. The day's silver fixing price was steady at $276.50. In LONDON yesterday, silver closed with gains of 0.4 to 0.2 pence. The initial pre-market was fully steady on
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    • Article
      Sugar
      105 4 AT the end of the morning in London yesterday, raw sugar futures were £1.65 to £0.75 per tonne down in a turnover of 1,578 lots. Values moved lower under the influence of long liquidation orders in near Dec which expires on Wednesday. Dealers said the selling was triggered by
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    • Article
      Rice
      198 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) WMte rtee: 100 pel Ist class 340. 100 pet 2nd class 305. 100 pet 3rd class 320. 5 pet 313. 10 pet 290. 15 pet 285. 20 p. t 280, 25 pet
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    • Article
      Aluminium
      29 4 ALUMINIUM was £1 higher for three months but trading was almost at a standstill with no feature apparent in London yesterday. Turnover of 75 tonnes was mainly carries.
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    • Article
      Lock icon Gold and silver shine in firmer market
      1045 4 AFP COMMODITY prices in Lonl don were generally a little firmer last week with gains i highlighted by new records in silver, and a useful recov- ery in gold. Tin was a weak excep--1 tion, but the market rallied after news of the
      AFP  -  1,045 words
    • Article
      Coffee
      153 4 ROBUST A futures ended the opening call easier in London yesterday, down £20 to £32 per tonne basis March at £1,321 compared with Friday's close. Turnover was 228 lots. Values were offered lower with only light tradehouse buying featuring at the lower levels Dealers attributed the lower than expected
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    • Article
      Copper
      90 4 COPPER wirebars finished the morning up £0.5 for cash and £1.5 for three months in London yesterday. Early pre-market steadiness reflected the New York close, some covering against continental physical demand and a larger than forecast fall in stocks last week, dealers said. The movement took three months upto
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    • Article
      Lead
      73 4 LEAD finished the morning up mostly £2.0 in London yesterday. The early premarket was very steady, with three months trading upto £397 per tonne but, following a lack of expected out-goings from UK warehouse stocks, the position fell back under commission house liquidation to £390. The lower levels attracted
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        500 4 THE US dollar was again traded up on the foreign exchange market yesterday after several days of weakening last week. Opening on firmer grounds, the US dollar was taken up to close stronger against major currencies. Making the largest gains against the yen, the US dollar closed about
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.5 per cent.
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      • Article
        Asian $ rates
        200 4 Asian rates ASIAN currency deposit Interbank rates as at close on Nov 27: I S Dollars)Spot) Offer Bid 7 days 10 1/16 9 15/16 1 month 12'. 12 2 months ll' IP. 3 months 1115/*****3/16 6 months 12 3/16 121/16 9 months 12 117/8 12 months U 15/16 11 13/16
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      • Article
        Discount
        50 4 Ksngc of prices offered by discount bouses ob Nov 27: Overnight 4% Call deposits 4% Closisf Bayisg Sellisg 3 month Treasury bills 4 37/8 3 month Bank bills 7'. 7 3 month CD 7 7/16 7 5/16 6 month CD 7 9/16 7 7/16 Source: National Discount Co Ltd.
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      • Article
        Australia/NZ
        56 4 AUSTRALIA/NZ exchanges quotes yesterday: US dollar ***** 1 1355 Sterling 0 58*4 0 5828 Ninety-day air mail buying rate*: Sterling 0 6125 US dollars 1 1808 Ninety-day forward buying rates: Sterling 0 W45 US doUan 1.1440 New Zealand Sterling 0 5410 US dollar 1 (BIS ***** Ninety-day airmail buying
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      • Article
        London
        345 4 THE dollar opened firmer against most major currencies in London yesterday, in line with the Far East on further evidence of the US Federal Reserve Board's commitment to tighten credit, dealers said. The dollar opened at 1.9330 40 marks compared with the 1.9285 9300 close on Friday, at 196.60/75
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      • Article
        Hongkong
        268 4 THE US dollar strengthened against continental currencies and the yen in relatively active trading yesterday, dealers said. Sentiment was buoyed by last Friday's round of US bank prime rate rises to ill/2 per cent, they said. The dollar was quoted sharply higher at a late 196.80/197.00 yen compared with
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      • Article
        Tokyo
        242 4 THE US dollar for overnight delivery closed sharply higher at 196.60 yen, compared with a 195.20 opening and 193.95 at Friday's close, dealers said. The US currency strengthened in light trading on dollar buying by Japanese and foreign banks to meet a high level of early week import settlement
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      • Article
        Frankfurt
        42 4 FRANKFURT exchanges opening quotes yesterday: US ***** 55 Can I 6430 50 S«*3 735 745 DTK 08 18 SfrllOJO 111.10 UI2 255 275 Ffr43.52 82 Nkr37 48 54 Bfr con C 34 6.35 Btr Tin 8191 6231 Yen 0 *25 45
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      99 4 Inflation: The Big Flgnt upens irr"" Prices of investments today? In Europe more and more banks have been advising their clients to include diamonds in their investment portfolios. Invest in diamonds for security and growth. You too can now invest in diamonds on the same terms and with the same
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  • OVERSEAS
    • Article
      HK businessmen set up joint ventures in China
      692 5 CHINA has arranged with a number of Chinese businessmen in Hongkong to set up joint-venture factories inside China, using foreign technology and equipment. The factories will be owned entirely by China, since the government is still maintaining its ban on direct foreign
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    • Article
      Lock icon GNP GAP IS NARROWING
      235 5 Reuter CHINA'S gram predict, which is m« cae-flfth af the Amerleaa GNP, emM raadi mere thaa —e half by the year Ml, i US nagrrasiiasl jaiat temmk eMMIttN said ia a repert. Ike repart, a wßentfaa af papers by 35 eeaaamiats, estimated Chiaa's GNP grewth rate
      Reuter  -  235 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      689 5 ARRIVALS l Service Local Operator Number Time From MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN/KUL CAL CI814 1000 HLP CPA CX710 1005 HLP GIA GA980 1030 HLP MAS MH606 1045 KUL SIA SQ103 1045
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    • Article
      Machine tools order hit record $900m
      179 5 THE LEVEL of orders for machine tools, considered an important economic indicator, soared 73 per cent last month to a record US$4l4 million (*****.8 million) from $340 million in Oct 1977. Figures released on Sunday by the National Machine Tool Builders Association also showed
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    • Article
      Government securities lose ground
      423 5 THE US government securities market began to lose last week some of the ground gained in recent sessions following the latest meeting of the Federal Open Market Committee. The Fed's consummation of matched-sales transactions last Tuesday was a possible foreshadowing of a tightening move by the
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    • WORLD IN BRIEF
      • Article
        ROTHSCHILD 'VICTIMISED'
        590 5 A WELL-KNOWN European investment bank with strong Jewish connections, Bank Rothschild of Zurich, is complaining it has (alien victim to the Arab boycott. The bank is Jointly controlled by the London and Paris branches of the Rothschild family, Europe's most famous Jewish banking dynasty. This appears to be
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      8 5 TO YOUR TRAVELS For your tnqwms contact t«
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      Page 5 Advertisements Column 2
      246 5 "It is not what we say about ourselves it is our record which matters an Up-to-date Summary: Million M$ Million MS Million MS 1 Change 31.12.77 30.6.78 31.10.78 Over 31.12.77 Pretax Profit Loans and Advances Bank and Client Deposits Shareholders' Funds Total Assets 177.5 227.9 11.6 255.9 250.1 331.4 12.3
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  • Article
    Act keeps up with the times
    405 6 IF THERE HAS been a single piece of legislation that has contributed most to attracting investors, it must surely have been the Employment Act. Under the legislation, employers were assured that they would be getting a certain return in labour terms. This was important
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  • Article
    An act of good faith in Malaysia
    251 6 MALAYSIA'S AMBITIOUS plans for economic development and for the implementation of its New Economic Policy rests on the basis of cooperation among the various sectors of society. That progress has been slow and that targets have not been met is now a well
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  • Article, Illustration
    Indonesia's long-term devaluation gamble
    1299 6  -  By PAUL ZACH BY SHARPLY devaluing its national currency, Indonesia appears to have risked short-term economic disruption to gain longterm stability. Soaring prices, profiteering, angry customers and cash shortages of some stateowned and private companies have been some of the ingredients of daily headlines since the
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      244 6 SEE PAGE 11 r A BLUKT "BlathZomtt A perfect complement to any meal Aaotkcr qu.ltt, prod yet fro* Come and get it! H w >!>-!■' i IVgH Loba«ar».Baitoacua.Ortamptingalacarla. Tha choica ia yours. For a hearty meat, away from all the hustle and bustle There's no batter place than the Ficus
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Report tor 24 boon prior to 7.31 p.m. on Nov 27 at the airport: 1 Maximum temperature 30.0 C Associated humidity 71 Minimum temperature 23.5 C Associated humidity 92 Hours of sunshine 3.30 Rainfall in millimetres
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      264 6 SINGAPORE 5 3.00 PM Opening announcements followed by Hazel (Repeat)* 3.25 Diary of Events (English)* 3.30 Afternoon Matinee Let's Do It Again (Pt2), starring Jane Wyman, Ray Milland, Akto Ray* 4.15 Science Report* 4.30 Intermission 6.05 Opening announcements followed by Fables of the Green Forest* 6.30 News in Brief* Wonders
      264 words
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  • Article, Illustration
    Don't listen to the businessman
    1415 7  -  The payoff for professional economists comes with calling a downturn correctly ||but the payoff for business executives remains the bottom line By LEONARD SILK J]!S>*ever has a coming J recession been J so well advertised by economists. Back in September, twothirds of the respondents to
    1,415 words
  • Article
    STRAWS IN THE WIND
    406 7 I SINGAPOREANS take to some words with great 1 enthusiasm and try to apply them to all stuations with rather bewildering results. The Marco Polo recently sent out press releases advertising one of its restau- rants which was due for re- vamping and which would 1
    406 words
  • Article
    Task facing PSA
    865 7  -  FORUM with Teresa Lim NEWS that the Port of Singapore Authority (PSA) has plans to build a complex of hotels opposite Maritime Square, which includes the World Trade Centre Singapore building, is not surprising. After all, the PSA has something of a logistics problem with the convention
    865 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      344 7 The perfect place for a business lunch or dinner date... If you are entertaining someone important and want to create a favourable impression, MINO-Q Teppan -Yaki Steak House is the perfect place where the food is excellent, the service impeccable, the decor is one of grandeur and the atmosphere perfect!
      344 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      47 7 BriStcW Frank I h icnfi NCff P» e»P»D COP m N COFf€£ of Tfep>, corne to iV s Ox. Tmxvc Of 1T... Zx Si P*u. IN *u. \ts mot f\ fcpio mpcmMe. OOMNO J I>«pes Somer^e! thing ts so im tfl K 1 s (*****S 55^283H i#
      47 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Investors turn cautious
      594 8 TOKYO ALTHOUGH the Nikkei DowJones average temporarily exceeded Y6.000 in the morning session, the market yesterday closed bearish In the afternoon, since most investors turned cautious. Turnover was relatively brisk, since large capital stocks were heavily traded by the major brokerage houses. In the morning session, large
      594 words
    • Article
      Hongkong
      398 8 ALTHOUGH prlc'es hit rockbottom levels on Friday night In London, investors yesterday took heart from the Financial Secretary's weekend comments that recent disorderly market conditions were brought about by "groundless rumours" and wild speculation. Investors were also heartened by the result of 11,000 applications for 424 flats at the
      398 words
    • Article
      Sydney
      246 8 NOV 27 Cents INDUSTRIALS A. C. I 175 A N I 162 +2 A P M 112 -I B H P 818 -2 Bank NSW 036 -2 Boral 222 -3 Brambles 1S6 unch C B A 235 unch C S R 326 +3 Coal Allied 480 10 Dunlop 82
      246 words
    • Article
      Manila
      103 8 NOV 27 Pesos Acoje Mining 012 +0.0006 Atlas Con. A Atlas Con. B 18.40 -<-0 1 BaguloOold 0098 unch BenguetCon. B BF Goodrich 24 40 24 50 ♦0.4 J.S CDCP 18.80 ♦0.1 Inco B Landoll 0139 -0 0005 Lepanto B 2025 +0 0125 MannduqueB 5.15 ♦0.15 Meralco 19 20
      103 words
    • Article
      Bangkok
      222 8 Baht Bank of Asia 206 -4 Bangkok Bank 488 -22 Bank of Ajrudhaya Ltd 2M Bangkok Metropolitan Bank 1,751 -300 Laem Thong Bank unq Tluu Commercial Bank <00 unch Thai Danu Bank Ot T HAI Farmer* Bank 300 •18 Union Bank of Thailand 441 -2 Industrial Finance Corp 2
      222 words
    • Article
      Selected Indices
      29 8 H.K.HANG SENG Monday 501.14 Friday 484.72 Week Ago..—a 488.45 SYDNEY INDUSTRIALS Monday 443.58 Friday 443.82 Week Ago 441.70 ALL ORDINARIES Monday 519.05 Friday 510.70 Week Ago 518.01
      29 words
    • Article
      Lock icon New president for Max Factor
      221 8 FT, MAX FACTOR, the worldwide cosmetics concern, has once again turned to its arch rival, Revlon, for a new chief executive. The company, a subsidiary of conglomerate Norton Simon, which last year bought the Avis car hire business, has named Mr. Dale Ratliff to succeed
      FT,  -  221 words
    • Article
      Lock icon Secondary stocks all come tumbling down
      1122 8 NYSE IN OCTOBER NYT. WHEN THE stock market plunged in October, smaller company stocks the second-tier issues traded for the most part on the American stock exchange and over-the-counter fell twice as hard as their bigger, better-known cousins. The Federal Expresses and Paradynes that
      NYT.  -  1,122 words
    • Article
      High prime hits Control Data
      161 8 CONTROL Data Corporation's fourth quarter net is expected to be higher than a year ago, but down from the second and third quarter levels because of the rise in interest rates. Mr. Marvin Rogers, senior vice-president of finance, said the company earned USJI.47 a share
      161 words
    • Article
      FRUEHAUF CHIEFS QUIT
      167 8 THE CHAIRMAN and the chief executive officer of Fruehauf Corporation, Mr. William Grace and Mr. Robert Rowan, have resigned following the US Supreme Court's decision not to hear an appeal on their convictions for defrauding the US government of US$l2.3 million of excise taxes. Fruehauf is a
      167 words
    • Article
      Lock icon Japanese banks supply part of EDF loan
      632 8 FT. IT NOW appears that four or five Japanese banks will be allotted about $40 million of the $600 million credit being arranged for EDectricite de France (EDF) by Credit Lyonnais, so ending a month-long ordeal which has upset officials in both France
      FT.  -  632 words
    • Article
      Lock icon Leading UK shoe company is put on a firmer footing
      1735 8 One has the feeling thai some mistakes will not be made again; the leather knives are as sharp as ever and the ghost of John White doubtless appalled by the more outlandish "fashion shoes" stalks the clicking sheds at Higham
      FT.  -  1,735 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      36 8 KrC oO<*® >' lW *2*> &.0 00 ACoreer Advisory Service available ot Times Orchard Centre Mlos Lucky Plaza on Thursdoys 2pm 6pm and at International Plaza Mondoys to Fridays 9am 6pm, Saturdays 9am Ipm AM BT6 w»*come!
      36 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Carrier tempted to enjoin merger with United Tech
      619 9 N.AMERICAN NYT. A FASCINATING aspect of the United Technologies tender offer for Carrier is that Carrier contends that the combined company would be capable of producing better air-conditioning systems for skyscrapers than Carrier can produce alone. That was a topic in a
      NYT.  -  619 words
    • Article
      Lock icon MH credit cards for US Republicans
      444 9 NYT. MANUFACTURERS Hanover Trust and the Republican National Committee will begin jointly promoting credit cards next year, with the Republicans getting a finder's fee of US$2.5O for every new Visa card issued. A spokesman for the bank said the expected mailing to about 600,000
      NYT.  -  444 words
    • Article
      GM'S NEW PLANT
      77 9 GENERAL MOTORS said it will build a plant to product maintenance-free car batteries at Sarreguemines, France. Its cost was not disclosed. GM said the plant is scheduled to start production in early 1981. The plant is the second phase of its expansion in France announced earlier this
      77 words
    • Article
      Qantastic service and profit
      99 9 QANT AS, Australia's international airline, has reported a record gross pre-tax profit last year of just under AH6 million, according to its annual report tabled in Federal Parliament. The profit after tax and other provisions was $9.8 million, a fall on last year's profit. The chairman,
      99 words
    • Article
      Lock icon HK Land offer oversubscribed
      218 9 ASIAN Reuter. HONGKONG LAND said it received about 11,700 applications for the last 424 flats at its Chi Fu Fa Yuen residential development recently offered for sale. It said the oversubscription of 27 applications per flat compares with an average of 16 for the previous three
      Reuter.  -  218 words
    • Article
      Lock icon BASF may not maintain 1977 profit growth
      288 9 Reuter IT IS dsaMfal whether BASF AO will mate* lffi's prsflt levels this year fattening the ainffieaat tall la earnings ever the fir* line Mtk Managing heard chairman Matthias SeefeMer has declined Is give a dividend fereenst hr this year heeaase «f the
      Reuter  -  288 words
    • Article
      Lock icon Korf-Kuwait secret link is out of the bag
      899 9 Three years after the event, the Korf steel group has announced that Kuwait had bought large stakes in its US and German operations. Both sides are keeping quiet about the cost, but Korf looks set for rapid expansion in the US and
      FT.  -  899 words
    • Article
      Lock icon VW TALKS STALLED
      534 9 FT. VOLKSWAGENWERK AG said il agreed with Nixdorf Computer AG to halt discussions on a possible VW stake in the computer company. It said the discussions produced no results because of differing conceptions about the VW share in Nixdorf's basic capital. Volkswagen and Nixdorf have been holding
      FT.  -  534 words
    • Article
      Aerospace groups need a new lead
      680 9 WITH BRJTIAIN'S re-entry into the European Airbus consortium, the West German aerospace industry has seen its most important immediated concern satisfactorily resolved, and is now turning its full attention to an issue that may take even more time, patience and skilful negotiation its own
      680 words
    • Article
      Lock icon Federal regulation will hit Chrysler and AMC most
      826 9 NYT A UNITED STATUS government-sponsored study has concluded that federal regulation of the car industry is causing economic hardship for the US' two smallest car manufacturers and could threaten their survival in the event of a recession in the next seven years.
      NYT  -  826 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      144 9 JtiSf NOW in FONTA]S Paperback 1 jfl HIS MAGNIFICENT BESTSELLER OF A GREAT HONGKONG FAMIUT Jt <■ r I "Power and poignancy 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.
      144 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1127 10 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 (In lots
      1,127 words
    • Article
      Government bonds
      227 10 4 3/4% lt/wm (250.000) (99.508 99 958) i% 1/8/88 (250,000) (100.208 100.358) 5 J/4* 16/4/81-84 (250.000) (102.308) 7 1/4% 18/18/88 (250,000) (100.SOB) 7 1/4% IV4/8S (250.000) (100.80B) S 1/2% T F l«/»/87 250.000) (100.408 100.558) 7 1/4% 1/5/87 250,000) (100.75B) 1/4% T F I&/4/91 (250.000) (100.358 100.408) 1/4%
      227 words
  • Article
    Unit trusts
    146 10 SINGAPORE UNIT TRUST (M«i|in' pritN far Now 1) The Commerce 2.03 2.15 The Saving Fund 1 26 1 34 S'pore Prog Fund 0.91 O K S pore Sec. Fund 167 1.77 S'pore Invest Fund 1.19 1.X INCOME BOND UNIT (Cam*t prices) Income Bond l.U 1.17 MARA BUMFUTRA FUND
    146 words
  • Article
    SHARE INFORMATION SERVICE
    2446 10 1978 High Low Company La«t Sale +orGr'a Div Div Cvr Gr'a Y'ld Net P/E Vol Day C000) High Low 8ECTION ONE INDUSTRIALS 272 258 178' ft 27fc 32E 24k 660 132 123* 107 133 195* 59 162 173* 140* 256 Ac ma Alcom Allied Choc BAT Bata
    2,446 words
  • Article
    In Kuala Lumpur
    1482 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified INDUSTRIAL* Ajlnantata (2 MB 2 808). Alaam (1 728 1 80S). •an
    1,482 words
  • Article
    COMPANY MEETINGS
    219 10 GUINNESS Malayrta BM: AGM and EOGM to be held at Sungei Way Brewery, Petaling Jaya, Selangor, at 11.00 a.m. on Nov 28. Kaala 8Mta Batter Cs BM: AGM to be held at No. 50, Jalan Ampang, Kuala Lumpur, at 12 noon on Nov 28. Selaagsr Cifwti BM: AGM
    219 words
  • Article, Illustration
    Fairly good covering demand continues
    621 10 FAIRLY geed eeverlag deasaad ceatlaaed yesterday, with galas regarded acreas a wide treat ea the Stock Rxehaage et Siagapere. The reacttoa to the reseat bearish spell eatered Its fifth day. It appeared that the sMrket was leveling ad at the theerettcal sappert level ef SM
    621 words
  • Article
    Market sees renewed buying interest
    479 10 THE Kuala Lumpur Stock Exchange turned quietly steady yesterday in the wake of some renewed buying interest. Opening prices were lifted marginally and the market thereafter progressed gradually for the greater part of the morning and afternoon sessions. Towards the close however, prices eased slightly
    479 words
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  • COMPANY NEWS
    • Article, Illustration
      Fraser and Neave set for another good year
      1011 11  -  By ARTHUR NG It will be another good year for soft drinks manufacturer Fraser and Neave judging from its interim results. Group pre-tax profit turned in for the first six months ended Sept. 30, 1978 came to $18.26 million up 18 per
      1,011 words
    • Article
      DIVIDENDS ANNOUNCED
      458 11 Curreat Payment Ex Date Book a Close Date Total for Total for Payable the year Previous year Guinnesa K Sidim Lingui Sel Nut S Darby D. Keramat UOL Loan Kemayaa Renoof Tia Kiata Kellaa Tin A Hitaa Plant A Eat Talam Minea PM Hldg Murata Cold Store Rah
      458 words
    • Article
      SCRIP ISSUE
      164 11 Company Particulars Ex Date Boohs Close C Sugars Bonus Issue of 1 for 4 Nov 21 Dec l Min Sec Bonus Issue of 1 (or 2 DecS Dec 23 Rahman Hydraulic Bonus Issue of 1 for 2 Jan 16 Jan 26 Synthetic Resins Rights Issue of 2 for
      164 words
    • LATEST RESULTS
      • Article
        METAL Box Singapore Ltd
        172 11 said its unaudited group net profit came to |1.96 million ($1.77 million), (or the hallyear ended Sept. 30. Sales at $41.56 million ($34.10 million). Parent company's net profit came to $1.73 millioi ($1.45 million). Sales ai $32.44 million ($24.58 mil lion). Interim dividend at 6 pei
        172 words
      • Article
        Berjaya Kawat Bhd.
        76 11 has announced an unaudited after-tax profit of MJ1.15 million ($738,000) for the half-year ended Oct. 31 on sales of $15.40 million ($12.25 million). A bonus issue of one-for-two will raise issued share capital to $11.1 million from $7.4 million by capitalising unappropriated profit The company said it
        76 words
      • Article
        Lock icon Petaling Tin Bhd.
        78 11 Reuter said it has turned in an unaudited group net profit of M 56.27 million ($5.26 million), for the year ended Oct. 31. Estimated group pre-tax profit came to $13.76 million ($10.37 million) from output and sales of tin concentrates of 1,461.1 tonnes (1.368.8). Second interim dividend
        Reuter  -  78 words
    • Article
      Lock icon No fast buck for the small-timers in Hongkong
      907 11 Reuter. HONGKONG'S small investors, whose fingers were badly burned by the crash of '73, have found to their chagrin that the 1978 stock market boom is over and they ended up the trig losers. The Chinese there are inveterate gamblers and the
      Reuter.  -  907 words
    • Article
      National Iron's registered office
      104 11 WITH effect from Oct. 26 1978, the registered office of National Iron and Steel Mills Ltd. has been changed to 22 Tanjong Kling Road, Singapore 22. The registrars office remains unchanged at Chan Sze Onn and Co., 1A Amber Mansions. Orchard Mansions, Orchard Road. Singapore 9.
      104 words
    • Article
      I and P is subsidiary of Tradewinds now
      1112 11  -  By SUSAN BEVAN TRADEWINDS (M), a wholly-owned subsidiairy of Pernas Securities, has agreed to buy Haw Par Brothers' 31.73 per cent stake in Island and Peninsular Development (I and P) for $30.5 million in cash, giving it control of the widelydiversified property,
      1,112 words
    • Article
      Listed firms hit by rupiah devaluation
      451 11 THE EFFECTS of the devaluation of the Indonesian rupiah has more wide ranging repercussion on the Singapore economy and certain listed companies than has been reported so far. This is the opinion of international brokers Laurence Prust in their No. 22 bulletin. In it
      451 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      260 11 Vj BUMIPUTRA MERCHANT BANKERS BERHAD Applications are invited from suitably qualified candidates for the position of: UIJ J V'afa jj The successful candidate will become a member in a team of qualified professionals who are engaged in a wide range of activities including the raising of debt and equity capital,
      260 words
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  • Article
    Reviewing the employment legislation
    232 12 CHANGES in Singapore's economic conditions over the past decade have rendered certain provisions of the 10-year-old Employment Act outdated. One provision, according to a New Nation report yesterday, is the definition of an employee as one earning up to $750 a month. However, in line with
    232 words
  • Article
    Lock icon Investment ceiling
    75 12 Reuter THE Bank of Thailand has forbidden finance companies to invest over 60 per cent of their capital fund in the stock market. Disclosing this, Mr. Sancoh Unakul, the bank's governor said, finance companies with investment in the stock market exceeding 60 per cent would have to report
    Reuter  -  75 words
  • Article
    KL's move to ease shares rule hailed
    402 12 A STEP FORWARD THE Associated Chinese Chamber of Commerce and Industry Malaysia welcomed Deputy Prime Minister, Datuk Seri Dr. Mahathir's announcement that shares reserved for bumiputras under the Industrial Coordination Act (ICA) can be sold to nonbumiputras under certain conditions. Mr. Soong Siew
    402 words
  • Article
    WELL RIGGED OUT TO SERVE CHINA
    423 12  -  By RAHIM KASSIM SINGAPORE'S rig builders and other offshore related manufacturers are in a good position tc benefit from the rapid expansion programme of the Chinese offshore industry. China will need the whole range of exploration and production equipment and supplies to tap the
    423 words
  • Article
    PATA conference may attract 1,700
    76 12 NINE ministerial leaders will participate in the Pacific Area Travel Association (PATA) 1979 conference in Seoul in April. They include the Philippines Tourism Minister, the assistant deputy secretary for Tourism of the United States and the Tourism Office directors of Indonesia and Malaysia. Mr. Kang
    76 words
  • Article
    LONDON STOCKS
    743 12 LONDON, Mon. Share prices closed firm on the first day of the account, in the absence of any adverse, news, dealers said. Leading shares showed widespread gains of several pence, and at 3.00 p.m. the Financial Times index was up five points at 484 9 Mining shares fell
    743 words
  • Article, Illustration
    See you at Cologne fairs
    314 12  -  By WANG LOOK KEAH SINGAPORE'S partieipatlea la Cetogae's nuoerau trade (air* each year to act eaeagh aii a team (ram the West Germaa city was here U pramcte these eveata. The dlrecter s( the Catogae laternattoaal Trade Fair, Mr Wetfgaag Laage sad lareiga relattoas msaager,
    314 words
  • Article
    APPROVING OFFICER JAILED
    198 12 A FORMER chief accountant of Marathon Le Tourneau Offshore Ltd was yesterday sentenced to four and a half years in jail after he pleaded guilty to corruptly accepting money totalling more than $400,000. Stephen Tan Oh Puay, 44, as chief accountant of the rig building yard was
    198 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      218 12 EXPO BRASIL 78 ,;i I lotrl Singapore Dcccmbcr 6-10 BRASIL ITie Brazilian Exhibition is sixinsored l>v ITie Brazilian Ministry of External Relations Itamaratv Designers and contractors: Arquiprom Arquitetura, IYomo<;des e Comercio Ltda. An exhibition which presents Brazil the country, its people, its products and its culture. This, the first exhibition
      218 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Strike effects
        104 13 Reuter. SHIPMENTS of iron ore from Goa and jute from Calcutta have been seriously affected by India's current dock strike, port and shipping officials in New Delhi said. A spokesman for the Mormugao Port Trust said normal loading of 60,000 tonnes of iron ore daily has been stopped
        Reuter.  -  104 words
      • Article
        Lock icon Boycott plans
        69 13 AP. LABOUR unions representing some 28 million workers in the Western Hemisphere have announced plans to boycott ships to Chile, Nicaragua and Cuba. The executive council of the Inter-American Regional Workers Organisation approved the boycott proposal made by representatives of the USbased AFL-CIO. The ALF-CIO originally proposed the
        AP.  -  69 words
      • Article
        Lock icon A floating factory
        59 13 AFP. PAKISTAN has ordered a floating factory for artificial fertilizers from the Swedish national shipyards, Svenska Varv AB announced The order is worth 1,500 million Swedish crowns (about Ss74B million Construction of the factory, which will last more than two years, will begin early in 1979 at
        AFP.  -  59 words
    • Article
      Rapid economic growth eases shipping slump
      518 13  -  By RAHIM KASSIM THE RAPID economic growth of countries in the Far East over the past years has helped to alleviate the shipping depression, and conUnued expansion of the region will stimulate international trade with very positive effects on the shipping market. In an
      518 words
    • Article, Illustration
      Old ties renewed
      117 13 THE POST ef Laodtfl Authority's (PLA) lew service, the multi-user firat predict terminal at Tilbury Decks, broaght aa eld easterner back te Leadea this meath. Pells* Oeeaa Llae (Asia-Austra-lia dlvtsiea) was eaeearaged by reperts ef improved ladastrial relatieas aad higher productivity aad chose Leadea as the UK
      117 words
    • Article
      Lock icon Holland lends China a hand in harbour projects
      342 13 Reuter. CHINESE Communications Minister Yeh Fei has said that the Dutch government agreed to supervise the construction of two harbour and dredging projects in China worth more than US$l billion (about 5J2.2 billion). The Chinese Minister was in the Hague with a
      Reuter.  -  342 words
    • Article
      SHIPPING LIST where your ships are due...and when
      4047 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      4,047 words
    • Article
      The Consortia
      138 17 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and tttfe member lines. Z ACE (FAR EAST/EUROPE): Franco Belgian Services. •K' Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO (STRAITS/AUSTRALIA): Australian National Line Australia/Straits Container Line Nedlloyd Lines Neptune Orient Lines
      138 words
    • Article
      Container Schedules
      1327 18 IMPORT FCL CONTAINERS EX CONTAINER VESSELS AT CONTAINER TERMINAL DATE»25.11.78 Vessel's Name Voy No. Date/Time 01 Completion Of Discharge Date/Time Store Rent Due Mode Of Operations Anro Asia Benalder Ever Hope Takari II P.Polk Maersk Rando Zlm Prancesca Neptune Coral P. Taylor Francesca Neptune Pearl Tambang VII Anders
      1,327 words
    • Article
      Who acts for whom
      900 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 LineIn termodal. Algerian National Line (CN AN)—Unipacific. Alpac
      900 words
    • Article, Illustration
      SHIPS IN PORT
      317 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Chidambaram (1500) 42/43 Dong Kwang (1500) 27/28 Dona Montserrat (1900 after Prinsendam) 1/2 Frotario (2000 after Mikhail Stenko) 31/32 Honmoku Maru (1600 after Federick Lykes) 3/4 Kota Cahaya (1100) 10/11 Mikhail Stenko (0700 after Jastamia Bor) 33/34 Palm Sea Horse (after Shoryu
      317 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      398 13 Barber oue Sea direct diversified dependable SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pte Ltd Tel ***** Harrisons t Crosfiefd Kuala Lumpur Tet; MOMI/I Pemas-MISC Penang Tel ***** IA RI) I\ I I All Orient Overseas Co*dci*teA. Line J FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) MERCATOR X
      398 words
    • Advertisement
      Page 13 Advertisements Column 2
      299 13 1 SEALORD ANTAH Jil UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE" S pore Loading for Dammam (12/12), Kuwait (15/12), Bandars Shapour (18/12), Abu Dhabi (26/12), Dubai (28/12) Kuwait (22/12), Damman (27/12) Bahrain(3l/12), Abu
      299 words
    • Advertisement
      Page 13 Advertisements Column 3
      103 13 Angkutan Ben Asia Ben EAC Ben Ben Ocean Blue Funnel Everett Evergreen FESCO Fortune Franco Belgian Frota Germa-Tran Gold Star Golden Good Harvest Granard Hapag-Lloyd Hungarian Intermodal Ind.Nat Interasia Jardine Jugolinija Jumboline KLine Kai Union Kansai Kie Gwan Knutsen Lian Huat Lian Soon L.Brasileiro L.Triestino O.Maritime OTimbers Pacific Ocean Pak.Shpg
      103 words
    • Advertisement
      Page 13 Advertisements Column 4
      727 13 SINGAP BUSINESS for US Pacitic Gull Anani.c and Easi CanaOa < Also accepting <o< Hong Kong Taiwan j,i D a>i a>.d Koi.-,n FUtIV CONTAINERIZED FAST DIRECT WEEKLY Feeder ves—i )Port Keteng Penary Mother Vessel J Singapore Singapore lLong beach New York Philadelphia| Baltimore uLt VU VU »/12 11/11 A*M SH3
      727 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      841 14 FULLY CONTMOtSQ) TO EIROPC C4r •< !M»i* Outa Bar AawtaMaru Hongkong Eiprns Ueupwl Bay EXPRESS CONVENTIONAL TO EUWfE Spore PKdanf P*. Bkt Genu HWf BTuten Adam Antwerp Nesttaia 28/11 28/11 22/12 18/12 2/1 31/12 26/12 28/12 Hnt«M 12/12 3/1 17/1 15/1 11/1 13/1 NK«MC« 6/12 7/12 10/12 4/1 13/1 12/1
      841 words
    • Advertisement
      Page 14 Advertisements Column 2
      613 14 Seek barber blue sea Fro* US ATLANTIC US OU I EAST CANADA SJM SJM SjM SJM I DK 1 S*»o OK 2/3 S*4 DK4 S*H OK 5/t NH2S DK t DK 14/15 OK 24/25 Ok 17/11 DK 25/25 Iw 7 l» 3/4 Ok 24/2t I Im J Dk 27/21 tan
      613 words
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      Page 14 Advertisements Column 3
      573 14 1 J, FULLY CONTAfOISED Go one better to the MMdk East PRIORITY BERTH* I DISCHARGE AT AIL PORTS AMAX MARIO CaUMBtALAND ALSO ACCEPTING CARGO FOR BAHRAIN AND ABU DHABI Ps* Kim /HIPPIOG If TPROIftG PTC LTD. r Tele* KMSPEED RS ***** Tel *****37 *****11 EVERGREEN LINE (EVERGREEN MARINE CORPORATION) FAR
      573 words
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      Page 14 Advertisements Column 4
      910 14 Everett Lines Bwm Fry® Star Sliippwi Carp*. "BURMESE NATIONAL LINE" LOANS FQB BMBOON Kim J/ 3 I* B F S S C Agents m Malaysia TEPS MALAYSIA Port Keiang Tel <38) 7355 Penang Tel *****/***** ijLA* Coropmw An—ti— Dt WiyMciaa liwomi—utal S. A. C.I. F. "ARGENTINE NATIONAL LINE" lOAOOK FOB
      910 words
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      Page 14 Advertisements Column 5
      826 14 SANKYO LINE 5 A A A A A A TMI STM MAAOOND STAR. MATSXY 12/13 Dm 11/11 Ok SVt.IKL.aKL 22/23 Doe 24/25 Ok SIS. MEL. AKL. 20/22 Ok 23/24 Ok REM. MEL. MR BANGLADESH SERVICE M PORT SMID CMTTAGOOK. CHALNA GENERAL AGENTS CONTNNER BOOKMG LOAD AGENTS P MINK PENANG OCENI
      826 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      589 15 OCL Overseas Containers Limited cowwmswr serwce to ik/cowtiot: ouUfer taafapw COWTMOSW sawct from uk/comtmemt le tfbwj Biwi IT torn tone Stwi PMang Spo>» fell Nrtv UMiaMm SM SM Uri Uri M Sbi KM fa*a fay SaM bM bM MM SM 4Ok Ikt «.U I* I |(pw SaM SaM bM M
      589 words
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      Page 15 Advertisements Column 2
      896 15 GRANARD LINE RELIABtf i OEPENDAOE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDfTERXMCAM MV. MM NAM 20* 11 Dec It 0«c 19 0k Dptouti/P SaM/Ateiiandna Bewut, lattakia Piteaus' •M.V MM FUNG y ?lM .5 lan Tfipofc Benftu/i Istanbul JJm PS«d htundtti Bewut Lattaktf'PueairS Tripoli Benftwi KlintXft Slm do MV MM TUT V
      896 words
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      Page 15 Advertisements Column 3
      786 15 LK*: BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE Card*an Bay Tefca Ejpress My E**wf* Osaka Bay Aasuga Nam taiftMt Emrni UwprtN H BURG B HAVf N ROAM Spore P Kelang W Germany Austria Antwerp taPMt 3VII IJ/12 21/12 22/12 4/12 6/12 2V12 11/12 1/1 11/12 31/12 3/1 «/l 12/12
      786 words
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      Page 15 Advertisements Column 4
      492 15 r Scan Dutch 9 i a nmw i vi w emr :I»]l:eyzH S port 1) MsaMs 2) Mm 3) Htmr| 4) Ct»'| EASTBOUND FROM MED/UK. CONTINENT/SCANDINAVIA i) CM| 2) Hbar| Im 4) >laa S) IaHS) MspPtes P *«*x Spore SUM* faM SM faM IM SM 2/12 1/12 TWO 11/12 4/12
      492 words
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      Page 15 Advertisements Column 5
      673 15 GUTHRIE BOUSTEAD Sa E G s THE BANK LINE LTD. LOADS FOR E. ft S AFRICA mrnCUS (Mauritius ftcvnwi Maying*. Durban. {I PI. Caoettwni kuntan Sport NNm/ She P ketang </llok FROM UST t SOUTH AFMCA FOR UNEKOI MMLA n r ketone WOk Spore •MM. Penang T ktu«| k P«rt/4
      673 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      728 16 (VIA SUEZ br CmUm toss* TO EUROPE S pore P Keiang L Havre H'Oufg Bremen R dam Awerp CW«lO MS UN 26K JDk |2l DK 23DK 24 Ok 2« DK 21 DK mfim pearl in Idklo ok »ok 31 Ok 2tm 3 ian si» «C<T« M 19 Ok 20 Ok
      728 words
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      Page 16 Advertisements Column 2
      991 16 U.S.A./EAST CANADA SERVICE ACCEPTMG FCI/ia CONTMBK FROM PENANG. P. HELMS. STO* lM*t M: mw TOM. CAABEN. NORFOLK Penang Beta*an P Kelang Smgapoit ITA PRAOESH (MBA H JO) 30/2 Ok taPI/MMeRMA" (MM- 27 SO) E.C./GREAT LAKES SERVICE tag tar NORFOLK NEW TOM. MONTH U TORONTO. ASHTABULA. DETROIT. CMC AGO Penang Betaun
      991 words
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      Page 16 Advertisements Column 3
      679 16 NOL NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE S port P HeUnj S ton Karrr H'b«r| Breai R dam cievmjerrosfTSTTSri wo* 21 ok 23 m mm 2*m NEPTVE FIRM lOklo DK 270K MM 11 OK 21M 3la MDtCATOi 1) Dk 24 Dk 5Ma 7Ma lln II
      679 words
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      Page 16 Advertisements Column 4
      586 16 U=D MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BEPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SC ANDINA VM fWnt Veue* S port 1) IfceiAes 2) Mara 3) Htar| 4) Umt| bM WTUMM 4/12 17/U 22/12 24/12 2«/12 1/12 toaon 12/12 2i/i2 38/12 2/1 1/1 IC/12 SUNK 21/12 VI 1/1 18/1 12/1 21/12 MMK a/12
      586 words
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      Page 16 Advertisements Column 5
      712 16 t INTRASEA (PTE) LTD. F.tberHoube 234E Orchard Ro.td Smqapce 9 Telephone *****' r*****5' SC. IT HP I*Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P Keiang Loadhg far: GREAT BRISBANE VOY 10A.. 2 Dec 30 Nov Brisbane/Sydney Melbourne Adelaide ((Mb: h|*ri ITOda (PTC) lID 2J***** ROOUK *****J7 R- imp* no mi t ruoNK
      712 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      110 17 GERMATRANS SMippi\r, j \o«vtAv New Eipress Monthly Independent Semi-Container Service from Singapore to Antwerp, and Rotterdam VESSELS Germa Lady Germa Geisha Germa Keppel Germa Fonda! Germa Lionel Germa Pride SMMTORE PKEUNC PQMNG MTWEV KDMI 27 29/11 30/121/1 30/11/2 28/22/3 30/3-1/4 29/4-1/5 30/11 1/12 2 3/12 inducement can also accept cargo
      110 words
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      Page 17 Advertisements Column 2
      136 17 ANHSING LINE KOUI SOMCI S'PM r.Krfanc Pw* L*M h Nrt 2/3 Occ M bhrt uaj tat LORD STEAMSHIP CO. S.A. TMMN/SIRMTS/TMMHI EXPRESS LIB SERVICE Lm*i| far Part Mm|. Ptnwf, Iwlmc STORE PJCELMK PEMINS TAIWAN J22™ JfJ ,/I#ok U/«®* ho« LOW CHONB 21/30 Dtc 31/ 1 Jan 2/ 3)m 10 Jw
      136 words
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      Page 17 Advertisements Column 3
      187 17 OCEAN CONTINENTAL ENTERPRISE PTE LTD Room 610. 6th floor H.gh Street Centre. S pore 6 Tel *****/*****/***** REGULAR SAILINGS TO/FROM BANG* OK/SING APORE (ACCtTTHC GEN CMGO. CONTAINERS t (tAVYimS) STORE t U* VOY 301 (N) VOY 301/2 (S/W) 5/ S Dec I CONTAMR FEEDER SERVICE STORE I VOY 202 (N)
      187 words
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      Page 17 Advertisements Column 4
      169 17 NOTICES DONG SUE LINE M.V. KAENARY VOY. 11/78 arrived 10-11-78 at PSA GODOWN 29/30 General survey on damaged cargo discharged ex the above vessel will be held on Friday Ist December. 1978, as from 9.30 a.m. to 12.00 noon. No further survey will be held after this date. Ageata: WORLD-WIDE
      169 words
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      Page 17 Advertisements Column 5
      58 17 DONG SUE LINE M.V. DONG KWANC VOV. 11/78 arrived 19-11-78 at r~ PSA GO DOWN 29/30 General survey on damaged cargo discharged ex the above vessel will be held on Thursday 30th November, 1978, as from 900 a m to 1200 noon. No further survey will b£ held after this
      58 words
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