The Business Times, 29 November 1978

Microfilm: NL9922
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, NOVEMBER lf» 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Higher imports
      49 1 AFP TOKYO, Tues. Sharply increased imports slashed Japan's current-account surplus to US$364 million (SsBoo million) last month from $1.87 billion in September, the Finance Ministry reported today. The revised surplus, not adjusted for seasonal variations, was smaller than the estimated $400 million surplus reported earlier this month.
      AFP  -  49 words
    • Article
      Lock icon Asean's request
      64 1 Reuter MANILA, Tues. Asean has asked the European Community to lower tariff duties on 65 agricultural and tropical products exported by Asean member countries to Western Europe. Philippine Deputy Trade Minister Vicente Valdepenas said today the EEC Commission would decide on Asean's request within the next two weeks.
      Reuter  -  64 words
    • Article
      Lock icon Another JAL strike
      65 1 UPI TOKYO, Tues. Cabin workers of Japan Air Lines walked off their jobs in the second wave of year-end strikes today, forcing the cancellation of more than a quarter of the flights. About 7,000 passengers were affected. JAL said about 240 members of the 2,520-member cabin crew
      UPI  -  65 words
    • Article
      Not enough boost
      61 1 KUALA LUMPUR, Tues. Industrialised countries are not providing enough boost for expansion of world trade, said Malaysian Prime Minister Datuk Hussein Onn today. At the opening of the Commonwealth Senior Official meeting here, he pointed out recent policy decisions by the US could slow world economic growth
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    • Article
      Lock icon Dollar lower
      62 1 AP TOKYO, Tues. The United States dollar eased slightly in normal trading on the Tokyo foreign exchange market today, closing at 196.275 yen, down from yesterday's closing 196.625 yen. But it was still more than three yen higher than last Friday's closing 193.975 yen. The American currency opened
      AP  -  62 words
    • Article
      Lock icon US against venture
      72 1 AP WASHINGTON, Tues. The US government said today it opposes a proposed joint venture between two leading television producers, General Electric Co and Hitachi Ltd of Japan, and would challenge it in court if the companies go ahead with their plans. Assistant Attorney General John Shenefield, who
      AP  -  72 words
    • Article
      Lock icon Freedom of speech
      64 1 Reuter PEKING, Tues.— The people of China were told today a free speech campaign had been launched in Peking and that it had the approval of the country's popular Vice-Premier, Teng Hsiao-ping. Thousands of people in the capital responded to his endorsement by turning out tonight at
      Reuter  -  64 words
    • Article
      Lock icon Dow Jones
      44 1 AP NEW YORK, Tues. The stock market opened mixed in slow trading today. The Dow Jones average of 30 industrial issues was off 0.69 to 813.15 in the first half hour. Advances took the lead over declines, however, on the exchange. AP.
      AP  -  44 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      120 1 Rises Most Active Bcrjaya Kawat MTC Emo D Kcramtl 280 406 344 1000 +50 16 14 10 H Par S Darby OCBC 415,000 342,000 110,000 STP1J75 690 10 UOB 107.000 Troooh Mine* CCM Fuaan 020 488 ISO 10 10 10 Total Turnover: 3.96m Total Value: S9.59m FAN
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    • Article, Illustration
      In Kuala Lumpur
      139 1 Rises Most Active Petaling Nat Iron 745 565 35 20 Sime Darby 427,000 Haw Par 353,000 Con Plants 207,000 High and Low 115,000 Dutch Baby 183 17 j>ovran Tractors 140 460 15 15 Sg Besi 625 15 12 Total turnover: 2.71m EssoOrd 348 Total value: M)6.76m Kempas
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  • Article
    No go for Asean MNC ventures
    741 1  -  GROUND RULES INCONSISTENT By FONG MEW LENG SINGAPORE and Malaysian industrialists are showing lukewarm response to a recent call for the formation of multinational Asean Joint ventures. They feel that nationalistic barriers and the lack of a consistent set of ground rules by governments
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  • Article
    Metal Box gets new chairman
    216 1 DR. PHAY SENG WHATT, former chairman of the Public Service Commission, has been appointed chairman of Metal Box Singapore Ltd. This follows the first meeting of the reconstituted board of directors in the company since Fraser and Neave and Malayan Breweries took a stake in
    216 words
  • Article, Illustration
    Singapore is syndication base for Tokai
    492 1  -  By SOH TIANG KENG TOKAI Bank, Japan's sixth largest bank, will shift a substantial portion of its Eurodollar business from London to its new Singapore branch. The branch here will serve as the bank's main overseas centre for syndicating loans in Asia. This was
    492 words
  • Article
    Lock icon American CPI soars
    132 1 AP CONSUMER prices in the United States rose sharply again in October, and for the first time the American dollar could buy only half as much as it did in 1967, the Labour Department said yesterday. Rising beef, poultry and pork prices led to the 0.8 per
    AP  -  132 words
  • Article
    Four blocks in Balmoral to go for $3.8m
    271 1 CITY Devetopmeata, a pwpMtjl developer, has agreed ta pwttoM fear Macks af Bate la pnattgleaa Balmerai Park far a act mmHiiullib affmi CeaaHnrattia far the parrhaer will be S,HMN aaw City aharea af M eaate each at a price af fl a
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  • Article
    Devaluation rumours spark withdrawals
    517 1  -  By JOHN TAN RUMOURS now circulating in Jakarta that the Singapore dollar will be devalued soon, is causing many Indonesians here to withdraw their local dollar deposits. Forex dealers, however, scoffed at the idea that the local dollar will be devalued, and put the -rumour down
    517 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      29 words
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      Page 1 Advertisements Column 2
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      65 words
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      20 1 mm. SHIPPING TIMES tarea CAN a MEMOPAD ty CBOBSWOBD t, AISCB IN THE WIND 1 §>.H I J* 1 A
      20 words
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      4 1 Leader... Paget Leader...Page I
      4 words
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      Page 1 Advertisements Column 5
      263 1 SINGAPORE BUSINESS The Olivetti Copia 405 copies anything crisply in only 4 seconds. It has built-in extras that are unique. Olivetti's beautiful compact, desk-top Copia 405 copies just about everything, three dimensional objects and bulky originals. It comes with several features that make copying easy. A slope and exposure area
      263 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      SBS spends $40m on double-deckers
      264 2  -  LOCAL ACCESSORIES By WANG LOOK KEAH THE SINGAPORE Bus Service (SBS) Is spending about $40 million on 200 double-deck buses that would all be on the road by ISBO. The first part of the order, for 200 Atlantean double-deck bus chassis (worth $20 million) from
      264 words
    • Article
      PLANTATION WAGE CALL
      392 2 TRADE union leaders in the plantation industry in Asia and Africa have recommended that the wage structure of plantation workers be upgraded. They urged employers to discard the antiquated system of fixing wages to the earnings of the entire family. In calling for change in the salary
      392 words
    • Article, Illustration
      How the auto federations can come in
      231 2 ASEAN Automobile Federation members should go •bead with drawing up a framework to implement complementation of identified automobile components. Each member should also select one or more of these components on a balanced basis to make the expansion of intra-Aaean trade possible. Making
      231 words
    • Article, Illustration
      U.O.B. SCHOLARSHIPS FOR UNDERGRADS
      141 2 THE UNITED Owmi Btik P*P i—imeej the IWH etttb 19X8/79 scholarships tor the pahtfc to Miss Etto ChattereMi Mr. Mlehael Ua tram the tonlty sf Sigapm Mi Mto fee Leek Luig ud Mr.Tma Via Ysag Cm Naayaag Ualverslty. The pietare ihm Am Mr.Tu (tag Uug (left),
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    • Article
      Lock icon Bintulu tenders next year
      222 2 AFP TENDERS (or the construction of Malaysia's Ms3-bil-lion liquefied natural gas plant at Bintulu, Sarawak, are expected to be called in about a year. The state-owned oil company, Petronas, and two other partners of the venture Shell and Mitsubishi have already engaged the Japanese arm C.
      AFP  -  222 words
    • Article
      Lock icon Farmers' warning on beef quota
      204 2 AFP JAPANESE farmers have warned that any sudden and steep increase in Japan's beef import quota "would wipe Japan out as one of the world's great markets for feed grain." In a newspaper advertisement, the farmers, spearheaded by the nation's beef cattle producers, called on
      AFP  -  204 words
    • Article
      KL buys less Aussie sugar
      352 2 PENINSULAR Malaysia is importing more sugar from non-Australian sources after the rewrttiig of the longterm sugar agreement between Malaysia and CSR of Australia in February The re-negotiated agreement allows Malaysia to space out purchases from Australia. During the first nine months of the year, Peninsular
      352 words
    • Article
      Japanese car exports dip
      185 2 la October fell 11J per eeat to JK.MJ Nn 388JU to September eem pared with atl per eeat drep treat bat October, the Japaa AitiaiMle Maaafactarers Aaeeetottea said. total eemprtoed MJM ears, dewa 7.4 per eeat (rem a year earlier, 117,U8 tracks, dewa 8.1 MB haaea,
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    • Article
      MEMO PAP
      293 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, sire. Nov 6-Jan 27: Life insurant 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
      Railway cuts rate on empty containers
      335 3 THE MALAYAN Railway has offered to remove the empty containers from Port Klang at a reduced rate immediately to help ease the container congestion at the port. The Director of Commerce, Encik A. Rahim Osman, said the Malayan Railway was prepared to carry empty
      335 words
    • Article
      Amex executive here
      55 3 MR. PAUL Vornle, senior vice-president of American Express Card Division International, who is on a tour of the group's operations in the Asia-Pacific-Australia region, will be visiting its offices here today. The Singapore regional operating centre, which coordinates the company's business in the region, launched the Singapore
      55 words
    • Article
      British companies keen on ventures
      393 3  -  By FOO CHOY PENG AT LEAST two British companies are seriously considering joint ventures here to supply products to Japan, Australia and other pails of Asia. The companies are now discussing with local businessmen, said Mr John Evans, leader of an eightman trade mission from
      393 words
    • Article
      Lock icon Gambling on Asians visiting Alice Springs
      304 3 AFP AN AUSTRALIAN hotel chain is punting on the Asian predeliction for gambling with its announcement that two hotel casinos will be built in the remote and unpopulated Northern Territory valued at about Asls million (about 5522.5 million). The first of these casinos will
      AFP  -  304 words
    • Article
      Time to market Malaysian goods more widely
      341 3 THE Malaysian Ministry of Trade and Industry believes the time has come for the country's exporters to market their products more extensively. The director of the international trade division of the ministry, Encik Sabbaruddin Chik, was speaking on Monday at the opening of
      341 words
    • Article
      Lock icon BUSINESS H.K. STYLE UNDER FIRE
      172 3 AFP A FRENCH businessman yesterday said that some Hongkong manufacturers are a bit choosy and maybe snobbish regarding operations. "If you come representing a big firm and put a million dollars on the table, you will obtain everything. If you don't, they seem reluctant to
      AFP  -  172 words
    • Article, Illustration
      WING ON LINE IN SINGAPORE
      100 3 THE WING ON Greap ku geae empater. The OMDpuy reeeatly totalled the NCR I82M I—frr System wkieh will pre vide eempater facilities fer the WUg Ob life Assansace Ce. aai the Wlag Ob Fire ui Mariae lasarsaee Ce. At a Iwßiißg ever eeremeay, Wlag Ob
      100 words
    • Article
      Danish plastic team shows interest
      154 3 FTFTTEEN members of a 44-man Danish trade mission have expressed interest in starting business ventures in Singapore. The team, led by Mr. S. Enewoidsen, comprised of members of the Association of Danish Plastic Manufacturers. Mr. Enewoidsen said the team was very impressed with the Republic
      154 words
    • Article, Illustration
      Union sees snags in flexi-roster for PSA men
      462 3  -  By WANG LOOK KEAH THE NEW work rosier for container terminal operational assistants to be implemented on Friday may not be an answer to all the problems facing workers and the Port of Singapore Authority. The Singapore Port Workers' Union and the
      462 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      286 2 Wn» 'ftria ftrfliwirliw Youth in the Army A*s?y 9>V< 'r^ This book is a collection of case studies and sketches of army boys: of the ordinary foot soldiers, the officer-cadets, and the problem soldiers and soldiers fallen into drug-taking. There is also a succinct discussion of military life of the
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      665 2 I -IK-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Is It climbed with saintly mien? (5) 8 Figure a complaint to be unspeclflc (5) 10 They're beastly loud! (5) 11 Animal that turns In smartly (3) 12 Swift punishment I had (5) 13 Took one's drinking to the extreme? (7) 15 Closes
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      99 3 want the best service to the USA and Canada? Wfe'vegotit We'll speed you to the States and Canada any day you Just take our one-stop hop to London for an unbeatable choice of non-stop connecting flights to Boston, Chicago, Los Angeles, Miami, New York, San Francisco, Washington, Montreal, (a Toronto.
      99 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      284 4 THE Singapore rubber market yesterday closed lower with December one RSS buyers quoted at 244.50 cents per kilo, down 4.25 cents from Monday's close, dealers said. Morning prices were marked down 4.25 cents on lower London advices and lack of support, they said. The afternoon session
      284 words
    • Article
      RAS PRICES
      362 4 Prices tn cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 243.50 244.50N 243 50 244.50S Int. 1 R.S.S. December 244.50 245.00. 244.50 245.00 Int. 1 R.S.S. January 247.25 247.75 247.25 247.75 Int. 2 R.S.S. 239.50 240.50N 239.50
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    • Article
      SSR and SMR
      84 4 NOON SSR and SMR prices yesterday: RAS DMwber (Carreat Mtfc) <* •rwart Mtk) SSR 20 (1-ton pallet) 238J50* 11 P»t|) 240 50N 240.50***2^*50 I N > SSR SO (1-lon pallet) 236.50 23B.50N 238.50 240.50N MRELB SMR5CV (1-ton pallet) SMR 5L (1-ton pallet) SMR 5 (1-ton pallet) SMR
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    • Article
      Closing prices
      32 4 Rubber: Nov 28 Singapore: December: 244.50 cents (down 4.25 cents) Malaysia: Decern ben 245.25 cents (down 3.25 cents) Tin: M$ 1,908 (up $32) Official offering: 208 tonnes (down 31 tonnes)
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    • Article
      Rice
      175 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne FO B. bails Bangkok) WMto riee: 100 pet Ist dais 340. 100 pet 2nd class 325, 100 pet 3rd class 320. S pet 313, 10 pet 290. 15 pet ■5. 30 pet 200. 25 pet 275.
      175 words
    • Article
      Soybean
      138 4 SOYBEAN futures closed sharply lower in Chicago on Monday, after being pressed throughout the session by heavy local and commissioc house selling. Values settled 13 to 6-1/1 cents a bushel lower, slight ly more than one cent abov« the bottom of the trading range. Analysts attributed th« decline largely
      138 words
    • Article
      Wheat
      162 4 WHEAT futures lost US 3V« to 1/2 cent a bushel in nearbys at midsession in Chicago oil Monday, but posted fractional gains in deferreds. Declines came despite widespread mixed buying of March and a purchase of one million bushels of the March by a commission house. Locals sold out
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    • Article
      Palm oil
      68 4 C.I.F. North European porta. In US dollars per ton unless otherwise stated. LONDON: Monday Previous Malaysian SHffa bulk per tonne January SOSalr 800b lr Sumatra 5H ffa bulk November unch 612'islr December 007'j sir 610slr January 600sIr 605slr February 000/600' SOT'tpd 902'j sir March unch 602',pd Nigeria 5%
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    • Article
      Produce exchange
      415 4 ALL was quiet on the commodity trading front yesterday. Dealers continued to be inhibited by the incompatibility of prices quoted by the European and American buyers who apparently are still expecting a general mark down in prion for commodities of Indonesian origins. Under these circumstances, local stockists were
      415 words
    • Article
      Hongkong Comex
      312 4 SUGAR futures trading in Hongkong remained fairly quiet yesterday, on lack of interest. Only three lots were traded against two on Monday, dealers said. Sugar future* closing prices: CtaOng Pwim Jan 7.80/8 00 8.10/0.36 Mch 8.41/8.60 8.84/8.06 May 8.73/8.S3 8.88/9.30 Jly 8.06/9.30 9 07/38 Sep 9.25 45 9
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    • Article
      Tin
      92 4 THE Straits tin price in Penang yesterday rose Ms 32 per picul to $1,908, $208 above the International Tin Agreement ceiling, dealers said. Total turnover amounted to 177 tonnes, against 208 tonnes on Monday and dealers reported rationing between 10 to 20 per cent by smelters. In LONDON on
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    • Article
      Coffee
      93 4 ROBUST A futures ended the opening call about steady In London yesterday, £18 to £11 per tonne down from Monday in sales of 516 lots. Local dealer liquidation met tradehouse scale down buying which tended to underpin losses. Spot Nov lost £18 with the posting at the opening of
      93 words
    • Article
      Sugar
      97 4 SUGAR futures in London yesterday opened £0.50 down to unchanged from Monday afternoon closing levels in a turnover of 1,666 lots. White sugar futures were around £0.50 down but interest was lacking and buyers and sellers ideas were wide apart. The London daily raws price was unchanged at £99
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    • Article
      Cocoa
      124 4 TERMINAL opened £8 to £2 per tonne down and turnover totalled 611 lots in London yesterday. The market opened irregularly with early followthrough buying from Monday night's steady New York market taking near March to a new contract high at £2,230 per tonne, a gain of £16. However, at
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    • Article
      Copper
      190 4 COPPER wirehars finished the morning down mostly £5.5 in London yesterday. The early pre market was steady at marginally lower levels in line with New York but prices subsequently gave further ground under selling prompted by the trend in precious metals and quiet outside conditions, dealers said. Three months
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    • Article
      Silver
      172 4 SILVER closed 2.3 to 2.4 pence lower in London yesterday. Prices eased in the premarket reflecting the trend in gold but after opening the ring at 315.0 pence for three months, the market held steady aided by good buying from an influential quarter. Turnover was 146 lots. In NEW
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    • Article
      Aluminium
      26 4 ALUMINIUM finished £2.5 higher for three months in London yesterday, reflecting buying mainly from one quarter which trade sources said represented covering against physical demand.
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    • Article
      Zinc
      29 4 ZINC finished the morning mostly £0.75 lower in London yesterday. The market traded within a narrow range throughout the morning in the absence of particular pressure either way.
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    • Article
      Gold
      361 4 GOLD futures in Singapore yesterday, rose slightly through the day on some arbitrage buying from overseas, dealers said. Opening quotations were marked down around US$2 an ounce in December and February in line with easier overseas gold prices and thereafter firmed slightly. Trading was quiet and turnover fell to
      361 words
    • Article
      Lead
      72 4 IN London yesterday, lead finished the morning down £5.75 for cash and £4.25 for three months. Further stale bull liquidation put the pre-market under pressure, with three months trading down to £388 per tonne before shortcovering gave support back to £391 in the ring. The market lacked fresh physical
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        448 4 OPENING here on a firmer note, the US dollar was first taken down before recovering again towards the close of trading to its starting level. Against the yen, the US dollar opened at 196.90/10 and was taken down to 196.30/40 by London's opening. However, the dollar made a
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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
        189 4 Asian rates ASIAN currency deposit Interbank rates as at close on Nov 28: 7 days 1 month 2 months 3 months 8 month* 9 months 12 months US Dollars! Spot) Offer BM 10 1/10 S15/16 121/16 1115/16 ll't IP. 11 15/16 11 13/16 12'• 12 12 11 T 11 15/1611
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      • Article
        Discount
        49 4 Range of pricos offered by diMOiil housee on Nov 28: Oversight 4* Call depoeita 4% GUM Bajriac SeUia< 3 month Treasury bills 4 3 3 month Bank bills 7 1/16 7 7/16 3 month CD 7'» 7>» 6 month CD 711/16 7 9/16 Source: National Discount Co Ltd
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      • Article
        Australia/NZ
        53 4 AUSTRALLA NZ exchanges quotes yesterday: US dollar 1.1304 1 IMC Sterling 0 5080 0.5814 Ninety-day airmail buying rates: Sterling 0 8108 US dollar* 1.1790 Ninety-day forward buying rate*: Sterling 0.0030 US dollar* ***** New Zealand: Sterling ***** 0 5373 US dollar 1.0623 1.0(23 Ninety-day airmail buying rate*: Sterling 0.5029
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      • Article
        Frankfurt
        47 4 FRANKFURT exchanges opening quotes yesterday US 1 9256 1.9270 Can l OH Mll Stg J 740 750 Dfl tt.U, a Sfr 110 96 111.25 Ut 2 JO 273 FTr 43 54 «C Nkr 37 54 Bfr cos 0 IB 386 Bfr fin 4185 C225 Yen omi.no
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      • Article
        London
        215 4 THE dollar opened steady in London yesterday, around its closing levels against most major currencies. Trading was quiet ahead of US October trade data expected today and the US October consumer price index later yesterday, dealers said. It opened at 1.9250/60 marks against 1.9245/60 overnight, 1.7325/35 Swiss francs compared
        215 words
      • Article
        New York
        204 4 THE dollar closed slightly lower against most foreign currencies in mostly quiet trading in New York on Monday, dealers said. They said profit-taking appeared to be the major factor in the easing trend, as many participants sought to square positions ahead of the upcoming US reports on consumer
        204 words
      • Article
        Hongkong
        195 4 THE US dollar in Hongkong yesterday, was quoted in late trading slightly above its US levels overnight against most currencies but below the day's highs, dealers said. They said trading was fairly quiet, thin and nervous with operators unsure of the dollar's next move. Revised Japanese trade figures for
        195 words
      • Article
        Tokyo
        201 4 THE US dollar for overnight delivery in Tokyo yesterday, closed slightly lower at 196.30 yen, compared with a 196.50 opening and 196.60 at Monday's cloae after rising briefly to 197.06 yen in early trading, dealers said. The US currency weakened in light late trading on dollar selling by Japanese
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      • Article
        Zurich
        53 4 ZURICH exchanges closing quotes on Nov 27: US 1.7430-7445 Stg 3.3744-3712 Can 1 4700-4007 Dink 90 1040-3104 DO 83 1327 239 FTr 30.2092-340 Bfr 5.7300-7375 DOtr 32. i 008 3SU Nkr 33 0073-3307 Skr 30.3187-3050 Ut 0J0M4I Aui scti 12 JMLUK Port 3.0028-71* Spain 2.4361-4300 Arg 0 17-27 Yea
        53 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      313 4 Why canTheJoCM halve a businessmdri's daily required reading Because it does twice the job of other daily publications. Add The Journal to your list of daily required reading and you'll find that it more than pays for itself in two ways. One: because it's the only regional publication that gives
      313 words
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  • OVERSEAS
    • Article
      Lock icon Parity grid agreement for EMS intervention
      519 5 Reuter INTERVENTIONobIigations in the new European Monetary System will be defined in terms of cross rates between currencies in a parity grid system, Bundesbank vice-president Karl-Otto Poehl said. At a meeting of monetary officials in Paris, Mr Poehl said the parity grid was firmly
      Reuter  -  519 words
    • Article
      US policies do smooth out ups and downs
      280 5 DESPITE current doubts about their effectiveness, US government economic policies do help smooth out the cyclical effects of the US economy. Disclosing this in a report to Congress, Rep. Richard Boiling said: "The persistence of inflation and the recent deep recession have
      280 words
    • Article
      Lock icon US opening move in save-the-dollar plan
      863 5 NYT THE UNITED States Treasury will borrow 2.5 billion to 3 billion West German marks equivalent to US$l.25 billion to *1.5 billion (or about SS2.B billion to (3.4 billion) in the German capital market next month as P*rt of President Carter's latest plan to
      NYT  -  863 words
    • Article
      Lock icon EEC and EIB sign loan facility pact
      232 5 Reuter THE COMMON Market Commission and the European Investment Bank (EIB) said they have signed a cooperation agreement on managing the EEC's plan to raise up to one billion European units of account (EUA) to help ailing sectors of industry. The so-called "Ortoli
      Reuter  -  232 words
    • WORLD IN BRIEF
      • Article
        Lock icon DWINDLING CROP LAND
        599 5 Agencies UNDER the pressures of urban expansion, soil erosion and the encroachment of deserts, the world's supply of crop land is declining at an alarming rate, a new Worldwatch Institute study reports. In the next 25 years, as the world's population continues to increase, the available crop-growing
        Agencies  -  599 words
    • Article
      Lock icon DARK PATCHES ON ECONOMIC FABRIC OF UK
      593 5 Reuter RECOVERY of demand in the UK economy remains patchy, with overall demand continuing to be weak for many firms, the Confederation of British Industry said. Its monthly economic situation report to endnovember said exports are still considered to have been relatively buoyant
      Reuter  -  593 words
    • Article
      Carter: Boycott the guideline busting firms
      299 5 PRESIDENT Carter on Monday urged a boycott of firms that do not honour the wage and price guidelines established by his administration. "I call on you today not to buy from firms that fail to comply with our wageprice standards," he declared in a
      299 words
    • Article
      Lock icon W. Bank loans achieve targets
      142 5 AFP MORE than 90 per cent of World Bank loans achieved their economic objectives, a study published by the bank yesterday showed. The study covering 109 projects and a total investment of US$B.5 billion (5517.85 billion) revealed that 91 per cent of the projects attained
      AFP  -  142 words
    • Article
      Lock icon Oil price freeze not likely
      168 5 Reuter A SENIOR US Treasury official said continuation of the current freeze of oil prices by producer nations appears to be an unrealistic expectation. US officials assume that a rise of between 5 and 10 per cent is in the offing, Assistant Secretary Fred Bergsten
      Reuter  -  168 words
    • Article
      REJOINING ILO TERMS
      128 5 THE UriM States la prepared to tettme a member sf the latoraattoaal La War Orgaaisattoa as sssa as It Is esavlaeed that the snraaisattsajhss retaraed to Its srlgfaal Dtoetostag this la a sppeeh at the ■txth later-Amerleaa Csafereaee s4 Rflaisters sf Lahsar la Lima, Uaierseeretary st Lahsar,
      128 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      725 5 ARRIVALS Service Local Operator Number Time From TMA TL375 0530 BEY/DXB/ BOM/KUL MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH€2l 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL su SQ48 1005 BEY /DXB/BOM CPA CX710 1005 HLP GIA GA980
      725 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      41 5 SINTAT Rent-a-Car S'\ G APORf fl t-P TEI *****S 111 Y Tfcl <• jbS6t>-> -r Call us for your local or onward reservations Philippine s Singing Sweetheart w V i CMA entertains nightly at The Belvedere Act I. 9f/r ktktnlkm ifrmfmn M
      41 words
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  • Article
    Wedded to power, not cooperation
    343 6 THE SENIOR Minister of State (Foreign Affairs) has made a cogent plea to Asean employers to think in less fragmented terms. They should set aside their nationalistic backgrounds and pool resources that will ultimately prove more effective because of sheer weight and size. The idea
    343 words
  • Article
    Tokai Bank lends weight to a fact
    246 6 BY ITSELF, the announcement that Tokai Bank is making Singapore its main oversea syndication centre for Asian business does not seem to amount to much. Tokai, though the sixth largest bank in Japan will be just one of 70 odd banks in the
    246 words
  • Article, Illustration
    Further legislation is needed to dislodge the seat-warmers
    2297 6  -  WHAT can shareholders do when they want to remove a director who has carved a near permanent niche in the company for himself? And if a director suddenly finds his services terminated say because the company itself has been liquidated does he
    2,297 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      242 6 Cream Sherry You don t have to pay a high price for a good Cream Sherry. Another quality product from <y 'Future Ccneratlon' Just dot) t miss Ihem at the lon Bar while they a«e here Also on stage to a non stop musical deiiQht Sonny Bat* The Hum Moongtowt
      242 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 IWEATHER] OUTLOOK for Singapore from 6 a.m. to noon today: Scattered showers around midday. Report f»r 24 hain pri«r to 7J9 p.m. m N»v 28 at the airport: Maximum temperature 25.3 C Associated humidity 88 Minimum temperature 22.8 C Associated humidity 96 Hours of sunshine 0.80 Rainfall in millimetres 16.6
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      240 6 SINGAPORE 5 PM Opening announcements followed by The Beverly Hillbillies Shorty To The Rescue (Repeat)* Diary Of Events (Malay)* Bonanza The Saddle Stiff* Intermission Opening announcements followed by Petticoat Junction Spare That Cottage (Repeat)* News in Brief* Timang Tinggi Tinggi (Malay—Repeat)* Candid Camera* News and Newsreel in Malay* The Music
      240 words
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  • Article, Illustration
    Lock icon China pushes on amid the power struggle
    939 7  -  By HENRY BRADSHER Washington Star CHE LATEST round of thina's recurring political Infighting comes as its economy is growing rapidly and living standards for the nation's one billion people are rising. According to one of the most 'comprehensive studies of the Chinese economy
    Washington Star  -  939 words
  • Article
    Lock icon Billion-dollar question
    1069 7  -  OPEC IN THE SPOTLIGHT MEETINGS of the oil ministers of the Organisation of Petroleum Exporting Countries have much in common with the conclaves of cardinals in Rome to select a new pope, FRANK VOGL writes. Both exude an aura of mystery, attract great speculation and frequently produce surprises.
    NYT  -  1,069 words
  • Article
    STRAWS IN THE WIND
    365 7 THE four-year old son of a friend has fallen in love with his mother's lady-banker friend. The reason for his sudden interest is as riveting as any. "She wears lipstick and make-up," he says. And to questions asking if he isn't too young to marry her,
    365 words
  • Article
    The price of knowledge
    955 7  -  FORUM i ...with John Tan WHEN Minister of State Mr. Gob Chok Tong wrote last month that the Government may have to intervene to promote technology transfer to local companies, his comments were met with mare than Just passing interest. Mr. Goh, after all, has been
    955 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      324 7 SB? Ml a* 7 A 8» •v i* *A rc w WWimfW. 131*1mssk »>.■> 71 SS-X U f n You ll fcaK like royalty at the Rang Mahal Palace of Coioun. On our daily menu are the «amr gourmet favounco oner lowed by Mogul Kinp of old. Tandoori Indian food
      324 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Extremely bearish tones dominate
      611 8 TOKYO Source: DBS Daiwa THE MARKET was extremely bearish yesterday, centring on redenomlnatlon-related Issues such as real estate, printing, paper and pulp and spinning Issues due to news that Mr. Ohlra will become Japan's next Prime Minister. Construction and housing-re-lated Issues advanced. Turnover continued brisk, since
      Source: DBS Daiwa  -  611 words
    • Article
      Lock icon Hongkong
      381 8 Source: SHK Sec Ltd TRADING conditions became very thin yesterday morning as a general lack of interest prevailed in the market. Prices began to drift lower with volatile propety shares showing the biggest loses. After being down 13 points at lUinchtlme. some cheap buying coupled with small shortrovering prices
      Source: SHK Sec Ltd  -  381 words
    • Article
      Sydney
      271 8 THE MARKET remained mainly steady yesterday, with little progress in the wake of firmer trading overseas. Banking issues recovered slightly from Monday's fail, except for CBA which dropped five cents to A 12.30. The National rose five cents to $2.43. NOV Cent* INDUSTRIALS A. C. I. +3 A. N
      271 words
    • Article
      Manila
      108 8 NOV 28 Pesos Acoje Mining 0115 -0 0005 Atlas Con. A Atlas Con. B 18.80 >0.5 Baguto Ooid oow unch BencuetCon B BF Goodrich 23 00 21 00 0 8 -9 5 CDCP 19 40 ♦08 Inco B Landoil Le panto B 20 -0.0025 M&nnduque B 5 SO -0
      108 words
    • Article
      Bangkok
      239 8 N»*a Bakt Bank of Asta 254 Bangkok Bank 432 Bank of Ayudhaya Ltd 284 Bangkok Metropolitan Bank unq Laem Thong Bank unq Thai Commercial Bank 598 Thai Danu Bank 430 Thai Farmers Bank 388 Union Bank of Thailand 401 Industrial Finance Corp 2.S7S Bangkok Investment 378 First Trust 484
      239 words
    • Article
      Selected Indices
      62 8 FINANCIAL TIMES INDUSTRIALS Monday 484.8 Friday 479.® Week Ago 468.8 DOW JONES AVERAGE INDUSTRIALS Monday 813.84 Friday 810.12 Week ago 805 61 LONDON DOLLAR PREMIUM Monday 78to 79'« Friday 82'/% to 82 s H.K.HANG SENG Tuesday 490.94 Monday 501.14 Week ago 486.18 SYDNEY INDUSTRIALS Tuesday 444.25 Monday 443.56
      62 words
    • Article
      Toronto
      446 8 SHARE prices closed slightly higher ia active trading on Monday following a firming trend in New York. Volume totalled 4.3 million shares against 4.5 million at Friday's close. The Composite Index was up l't points but declines outnumbered advances 304 to 302. The Paper and Forest Index rase more
      446 words
    • Article
      Johannesburg
      329 8 GOLDS geaerally drifted few*war* la Itoe with tower balltoa price to thla tradtog m Meaday, tkeagk aelective lasses meved Ugler. Dealers saad leases raaged to M eeats smsagit heavyweights aad ap to tt eeats Ainsagst lewer priccd shares* Ptottoaaw had Impale li eeats ahead at Mi aad Eaatea harg
      329 words
    • Article
      Sidor seeks massive credit
      341 8 VENEZUELA'S state-owned steel company plans to raise U***** million through foreign loans over the next several months, according to bankers in Caracas. The company, known as Sidor, has already asked foreign banks for offers on a $250 million credit and will seek a similar amount early
      341 words
    • Article
      Firmer dollar affects Zurich prices slightly
      533 8 EUROPEAN MARKETS PRICES were irregular on Monday with the firmer dollar making Utile impact. Dealers said Swissair bearer cloned steady while its registered stock gained in transrts. Banks turned irregularlower with Schweiz Votksbank declining on rumours of a possible dividend cut. However, the bank
      533 words
    • Article
      Zurich
      169 8 NOV 27 Pranca Actions SuImm MusulaaeBr Alusoiaae Reg Brown Down Br. Ota One Br Clba Oetc PC QlaOcioRM Credit Bulm Br Credit Bulaae Rat BektrowaU Br OeorcrPuchtrBr OlobuaPc Hero Br Hoffman-La Roehel/10 Hotdertmnk Br Intertood Br Jelmoll Br Motor-Ooiumbu* Satle Br OerUkon' BuehrteBr Rueck Vert Reg m J MO
      169 words
    • Article
      Amsterdam
      201 8 NOV *7 ru ABN 3MM 1 Ahold ***** unch Akao mm -0 1 AMFV M OO unch Amlu 106 M 1 Amrtn Bank 75 90 ♦0.1 Bergutt 5300 -1 Berk M 10 ■4.1 Bota 71 M +0.5 BonumlJ 147 00 ♦IS Burhmann 71.M -1.1 Byenkorf M 70 -2 3
      201 words
    • Article
      Paris
      220 8 NOV XI Pr» mm -4.3 B8N Oenttt >51 C8T (ThomaonC*f> 3*3 •a Curnnata deaPetroiea CooipagnM 139 unch CompafMe 3M 4-3 Credit Ponder DePrance 430 SO -0.( 238 -3.5 ItichcUn(B) Partbaj Pechlney Clglne Kuhlmann 93 40 ISM INN n «i 51.90 -*.4 +4 +0.9 -1 ♦3,5 Philip* (N* Oem Baft)
      220 words
    • Article
      Frankfurt
      201 8 NOV IT Dm Aef-Telefunken 1120 -0.7 Akio 17.30 ♦0 1 A1U Leben Alls Vert 400 -1 BASF 133 40 -0.0 Bay HTWttnl 313 -I Bay Vbank 322 -2.9 Bayer 137.00 -1.7 BBC 311 00 BMW 222 00 imch Cassella 3M -1 Chem Verw Ml JO uneh Commersbank 228 00
      201 words
    • Article
      Brussels
      81 8 Artwd OH +1M Aatur 701 Br*u Bru Can nan -Lamb pac 4*6 uncti 1MB -fit •M 10 Cod Del Ebe 1 teen CO -10 IM -t 2306 -S 70M -00 MM uncti U00 uncti Hob Pett Ryi SUIT ok Dutch M10 -M MM uncti 1006 0M -M SocOenBelc MM
      81 words
    • Article
      Milan
      81 8 MOV Urc Ante 30 uacb AamcOen 3SSOO »soo Bastofl iTI 12 CentnUe 4600 120 n*t MO 122 rintider I».JS 2.2t Oct Immob T».n +0.2* IFIPrt Mac *a Itatecmenu 221)0 ♦oao ItAlt&l 7M ♦17 tulsxter 2*6 1 MMIMUMPI W*uiErc sao 220 ♦0 ♦4 Mtrtitim losao ISO Morxtodon 141! -0 Mont«Un
      81 words
    • Article
      Little conviction to buy or sell
      1115 8 NEW YORK SOME late bargain bunting and a steady tone for the dollar helped stocks advance in light trading on Monday. Analysts said, however, that the light volume Indicated there was little conviction to buy or sell. The Dow Jones industrials added three points
      1,115 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      351 8 The LIF E| Library Of Photography helps you to see great picture possibilities all around you... 'Mi r; K> r f r? Ik 1 The Life Library Of Photography Each volume measures 10 l* x 10'/< inches (26 x 26 cm). Hard cover, silver stamped black cloth binding. 240 pages.
      351 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Merrill Lynch's US$15m takeover move
      178 9 LYNCH, the largest brokerage house, has taken a farther step to diversify into real estate services with the US$l5 mil*lion acquisition of two mortj gage banking, brokering and servicing businesses. Talks which were dis'J closed at the end of August have resulted in Merrill Lynch
      178 words
    • Article
      Emery sees higher third quarter
      131 9 EMERY Air Freight has reported third quarter revenue of U*****.5 million, a 16 per cent increase compared to the third quarter of 1977. Third quarter earnings were 30 cents per share, down slightly from 1977 third quarter's 32 cents per share, adjusted for the 2-for--1
      131 words
    • Article, Illustration
      CONOCO REFUSES TO BID FURTHER
      494 9 f N.AMERICAN b A THIRD large oil company, Conoco has shown its dissatisfaction with the UK government's tougher policy toward offshore oil development by largely refusing to bid for blocks in the latest licensing round. Conoco has been awarded licences as operator in all the
      494 words
    • Article
      From MGM to Columbia
      235 9 MR. KIRK KERKORIAN, a West Ceast flaaader whe awns stack werth US$25l mllUea la Metre-GeMwya Mayer, the film aad gambling ceaglemerate, hai a—td plats U bay a 21 per eeat stake in MGM'a ma vie rival, CetamMa Pletara. The mave, which la la same ways ramialaeeat
      235 words
    • Article
      CHICAGO BOARD OPTIONS
      1643 9 CHICAGO Board Options Exchange volume e> panded to 106,730 contracts from 67.148 last Fr: day. OPTION JAN APL JLY STO< Alcoa 40 7 UNTRD NOL 46 5/8 Alcoa 45 31/2 4 3/4 UNTRD 46 5/8 Alcoa SO 1 18 23/8 33/8 46 5/8 Alcoa so UNTRD UNTRD
      1,643 words
    • Article
      Sasebo Heavy Industries
      129 9 r ASIAN SASEBO Heavy Industries, the troubled Japanese shipbuilder, has announced an after-tax deficit of 13.68 billion yen for the first-half of the financial year, compared with a profit of 360 million yen in the same period last year. Sales for the six months to Sept 30
      129 words
    • Article
      Lock icon Improved profit at Thiess
      101 9 Reuter RESULTS so far for Thiess Holdings' 1978/75 year ending June 30 show an improvement over those for the same 1977/78 period and are ahead of budget. Chairman Sir Leslie Thiess said at the annual meeting, however, that It is difficult to forecast full year results
      Reuter  -  101 words
    • Article
      Lock icon Wing Tai dividend
      51 9 Reuter WING TAI Development Co. Ltd. has announced a final dividend of 20 Hongkong wnts (15) making total 35 (29), for the year ended Sept. 30. Books closed Dec. 5 to 22. .Group net profit came to $37.66 million ($lB.BB million) before extraordinary profit of $4.46 million.
      Reuter  -  51 words
    • Article
      SUN CON PAYOUT
      53 9 I SUN CON has reported a dividend of six HK cents < (same), for the year ended J June 30,1978. i Group net profit is 12.19 i million before extraordinary 1 charges of 183,000 ($9.08 mil- lion, including extaordinary gains 17.46 million). Books will close from Dec
      53 words
    • Article
      Lock icon Manufrance fighting to be a part of the Pepsi generation
      2083 9 EUROPEAN d FT FRANCOIS GADOT-CLET flips through a copy of Paris Match until he comes to a large photo of a trio on a beach a leggy model in a teeny-weeny bikini; a solid muscled man with a filmstar trim;
      FT  -  2,083 words
    • Article
      Lock icon Investment cutbacks at Sasetru
      625 9 NYT THE SASETRU group, Argentina's biggest diversified conglomerate, expects to close its books on the 1978 fiscal year with no profit and has ordered a sharp cutback in investment projects now under way. "This is a recession year," said Juan Seitun, president of Sasetru, which has
      NYT  -  625 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      120 9 peanuts! There's an old adage that goes 'if you pay peanuts, you get monkeys'. We're quite sure you don't do that, but we've heard that pay day in some companies is like a pack of primates being chased by Tarzan. Our Interdata minicomputers can help in these situations. The simplest
      120 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1108 10 bid and offer price* officially listed and business in and reported to the Stock. Exchange of Singapore yesterday with the number of shares traded shown »n brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts »re quoted after the word "sett". Big Board deal
      1,108 words
    • Article
      Government bonds
      234 10 4 V 4% li/VN (250.000) (99.608 90.908) 1% 1/5/63 250.000) (100.208 100.358) f 3/4% 16/6/61-64 (250.000) (102.308) 7 1/4% 16/16/66 (250,000) (100.7 SB) 7 1/4* IV4/8C (250.000) (100.75B) 6 1/2* T r 16/1/67 250,000) (100.408 100.558) 7 1/4* 1/VB7 (250,000) (100.75B) 6 1/4* T P 16/4/91 (250,000) (100.358
      234 words
  • Article
    Unit trusts
    137 10 aNGtfoca The Commerce The Saving Funt S pore Prof Pun S pore Sec. Fund S pore Invest Fu I LTWT T*U taihrNn 2 06 1 1.37 d OS 1 1« ad LSI wr m rit 135 1.97 Lit 1.T7 INCOME WOH icwt m Income Bond MARA KUra Dinar
    137 words
  • Article
    SHARE INFORMATION SERVICE
    2517 10 IJ78 High Low Company Last Sal* +OTGri Div Div C'VT Gr't Y'ld Net P/E Vol Day COM) High Low J SECTION ONE INDUSTRIALS 272 238 178 219 275 in 280 326 245 660 132 123* 107 133 195* 59 162 173* 140* 256 Ac ma Alcorn Allied
    2,517 words
  • Article
    In Kuala Lumpur
    1397 10 BID and offer prices officially luted and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of share* traded shown in brackets In lots of 1,000 units unless otherwise specified. INOVSTBIAU AJlnawata (2.M8). *«aaaa (1798 I.MS) (3) I T* (1, (MM). AMD
    1,397 words
  • LATEST RESULTS
    • Article
      Lock icon KILLINGHALL Tin Ltd
      56 10 Reuter has announced that its unaudited after-tax profit came to M 51.49 million compared with $2.05 million for the year ended Sept. 30 on turnover oT *.94 million (|7.97 million). Second interim dividend of $3.38 or 78.36 pence gross (final dividend 75 pence gross) payable Jan. 12
      Reuter  -  56 words
  • Article
    Bank of Tokyo
    53 10 FOR the third interest period from Nov. 15, 1978 to May 15, 1979 the fixed rate for Bank of Tokyo (Curacao) Holding NV's $60 million guaranteed floating rate notes 1984 will be 12 5/16 per cent. The amount payable an May 15 1979 for coupon no. 3
    53 words
  • Article
    East Asiatic
    26 10 EAST Asiatic Company (II) Berhad has concluded an agreement with Pertanian Baring Sanwa to borrow $10,000,000 for eight years with a five-year grace period.
    26 words
  • Article, Illustration
    Selected few counters see good gains
    592 10 Tradteg an Ike Slack Exchange at Wteffm was qnirtiy steady jtlMdny. The aettea was esaeea tratod la a selected namher af favourites with to°aa itmTiffcm ihiir 'JliarT ttetotect Several dariUi eeaareasbtft'week art* that the can eat rally Is Hkely to ha aaetaiaed far at
    592 words
  • Article
    Share prices hold steady
    525 10 SHARE prices continued to hold steady on the Kuala Lumpur Stock Exchange yesterday, amid rather dull and quiet trading conditions. Sentiment appeared cautious with market observers still wondering how long the current steadier spell would last. Generally, nothing dramatic happened to stimulate interest, and throughout the
    525 words
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  • COMPANY NEWS
    • Article, Illustration
      Metal Box twins may not keep up with last year's record profit
      1228 11  -  By MANO SABNANI JUDGING by the interim results Just released, the Metal Box twins will find it difficult to maintain last year's record profit in the current year. Both Metal Box Singapore (MBS) and its sister company across
      1,228 words
    • Article
      DIVIDENDS ANNOUNCED
      461 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Guinness 23% Oct 25 Nov 7 Nov 29 38% 34% K Sidim 15% Oct 10 Nov 1 Nov 29 20% 8.75%(a) Lingui 50% Oct 20 Oct 23 Nov 29 15%(x) 10% Sel
      461 words
    • Article
      SCRIP ISSUE
      163 11 Company Particulars Ex Date Books Cloae C Sugars Bonos Issue of 1 for 4 Nov 21 Dec l Mia Sec Bonus Issue of 1 for 2 Dec# Dec 23 R*k«u Hydraulic Bonus Issue of 1 for 2 Jan 16 Jan 26 Synthetic Resin* Rights Issue of 2 for
      163 words
    • Article
      United Engineers sees no change in yearly dividend
      241 11 UNited Engineers (M) has advised that it does not expect any change in the amount of dividend payable (or the year ending Dec. 31. The company was replying to a Kuala Lumpur Stock Exchange (KLSE) query over its rights issue of one-(or-one.
      241 words
    • Article
      RUBBER OUTPUT SEPT
      79 11 Kilogram* Austral Enterprises 17,237 Ayer Molek Rubber 42,440 Benta Plantations 243,000 Buklt Katll Rubber 38,328 Castle field 177,810 Consolidated Plantations 2,503,000 Dunlop Estates 1,764,014 Glengowrle 49,896 Golden Hope 1,017,237 Holyrood 97,070 Hongkong (Selangor) 21,773 Ich Kenneth Kajang 102,507 Kempas (M) 684,000 Killinghall (Rubber) 26,762 Klnta Kellas Rubber
      79 words
    • Article
      Sime offshoots
      42 11 MORE quoted companies in the Sime Darby group have voted to change auditors to Price Waterhouse from Turquand Young. Announcements from Kempss, Benta and Consolidated Plantations report that resolutions appointing Price Waterhouse were passed unanimously at their annual general meetings
      42 words
    • Article, Illustration
      Malaysia Rice to become See Hoy Chan unit
      892 11  -  By P. GUNASEGARAM MALAYSIA Rice Industries's (MRI) proposed takeover of Perumaban Jaya Sdn Bhd. (PB) will, in effect. lead to the rice milling company becoming a 75 per cent owned subsidiary of the large See Hoy Chan property group in Malaysia. Details
      892 words
    • Article
      COMPANY MEETINGS
      251 11 MINERAL Seearttles Malayan BM: AGM to be held at 73, Beach Street, Penang, at 11.30 a.m. on Dec 5. Cdtfil SrcATB Rkd AP.M to be held at Batu Tiga, Selangor, at 11.00 a.m. on Dec 8. Sttrm Ltd: AGM to be held at the Conference Room at United
      251 words
    • Article
      Trengganu Devt replaces directors
      224 11 TRENGGANU Development and Management (TOM) has informed the Kuala Lumpur Stock Exchange that two of its directors, inchiding its chairman, have been replaced. In a letter dated Nov. 22, the company advised that Encik Abdul Ghafar bin Baba and Da to Abu R*!"'bin Daud have been
      224 words
    • Article
      Selco not a subsidiary
      47 11 PAN-ELECTRIC Industries has informed the Stock Exchange of Singapore that Selco (Malaysia) Sdn. has ceased to be a subsidiary of the company on Nov. 15 following the sale of 740,000 shares of SI each at M 51.146 per share to Pegi Malaysia Bhd
      47 words
    • Article
      WALL STREET SELLING OVER
      154 11 ACCORDING to Mr. Willard Boothby Jr, chairman-elect of the Securities Industry Association, the heavy selling trend of Wall Street stocks is over and the market should be entering a period of relative inactivity. Mr Boothby, also chairman of brokers Blyth Eastman Dillon said he expects "stepped-up
      154 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      197 11 On TELEVISION Now the BBC's longest and costliest TV dramatisation of a single novel Leo Tolstoy's War and Peace. Now available in a beautiful Penguin gift pack. w* 5* X Wa 4 1 s: A ■i Professor John Kenneth Galbraith presents his views on economics in The Aga of Uncertainty.
      197 words
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  • Article
    SHK 'YES' TO FREEZE DEPOSIT ADVICE
    1201 12 THE Hongkong government has moved to halt a potential run on financecompany deposits according to the Asian Wall Street Journal. But some bankers believe the action could further undermine confidence in the Colony's financial sector. 'The government announced that Sun Hung Kai Finance Ltd
    1,201 words
  • Article
    Typhoon-alert tycoons
    695 12 WHILE the dust kicked up by the rumours involving Sun Hung Kai Finance Ltd has yet to settle down, bankers in Hongkong seem to be studying closely the behind-the-scenes manoeuvres to ward off a potential crisis. According to The Asian Wall Street Journal, the defensive efforts, aimed at
    695 words
  • Article
    Lock icon Silver is surer than gold
    332 12 Reuter SILVER could soon be a better hedge against inflation and general uncertainty than gold, Degussa director with special responsibility for precious metals, Mr Werner Knies, said in Frankfurt on Monday. Assuming > the general factors on the gold market continue unchanged, including the increased
    Reuter  -  332 words
  • Article
    LONDON STOCKS
    703 12 LONDON, Tues. Share prices closed firm on moderately active buying, but a few issues closed slightly below the day's highs, dealers said. Leading equities gained around 3p to 8p and at 3.00 p.m. the Financial Times index was up five points at 489.9. Mining shares continued easier in
    703 words
  • Article
    Lock icon Ohira not likely to alter Japanese economic policies
    228 12 Reuter THE etoettaa af Mr. MaOtara M PrtaK Mn Pakada Is -Ihtr to aay (ute» Male kaat toMfcettae bet*. eal —hto, iti/'ut n> vMMe remit la tke Mr.™'Oilr»i IJ etovattoa eeaM lir—l Mta paMtotoed lar{«h!lTpar Mat Ml graaa ■■<!■■■! pnfct> ywtt la
    Reuter  -  228 words
  • Article
    Lock icon Priority for forex problems
    137 12 Reuter JAPANESE Premier-desig-nate, M&sayoshi Ohira will give priority to helping remove uncertainty from the international currency market, the West German newspaper Die Welt quoted him as saying yesterday. Mr. Ohira said this and a solution of Japanese differences with the United States would be the first
    Reuter  -  137 words
  • Article
    Study urges lowering of Aussie barriers
    271 12 AUSTRALIA should reduce its restrictions on labourintensive imports from Asia, a study of the implications of industrialisation in Asia reported. The study said continued import restrictions would cause Australia's Asian trade partners to shift to manufacturing more complex goods thus damaging Australian export opportunities.
    271 words
  • Article
    How Cepta-TV can help sell-learners
    696 12  -  By JOHN LIM SINGAPORE should set up a Central Information Bureau to provide non-formal education to the public. Cepta-TV could perhaps take on this role. This "bold proposal" was made yesterday by the principal of Yusuf Ishak Secondary School, Mr. S. E. Jesudason. He was
    696 words
  • Article
    Special ITB courses for petrochem staff
    202 12 THE INDUSTRIAL Training Board is prepared to conduct special ad hoc courses within its training resources for firms in the petroleum, oil and chemical industry. This was indicated yesterday by ITB's chairman, Or. Ahmad Mat tar, during discussions with the Singapore Manufacturers Association Group
    202 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      254 12 BUMIPUTRA MERCHANT BANKERS BERHAO Applications are invited from suitably qualified candidates for the position of: 14 iIIm I > jj > 3 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
      254 words
    • Advertisement
      Page 12 Advertisements Column 2
      204 12 NOTICE To the holders of the floating rote U.S. Dollar Certificates of Deposit due 29th November, 1980 of: The Sumitomo Bank, Limited Grew* Floor, DBS luOdinf, 6 SHonton Woy, Singapore 1 We hereby certify that the rate of interest payable on the abovementioned Certificates of Deposit for the interest period,
      204 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Strike called off
        90 13 UPI INDIA'S longshoremen have called off their 11-day strike that had crippled operations in the nation's eight major ports. Mr. S.R. Kulkami, president of the All-India Port and Dock Workers' Federation announced that the strike was called off from yesterday in response to appeals by Federal Labour
        UPI  -  90 words
      • Article
        Lock icon Floating hotel
        90 13 AFP THE LINER France, former flagship of the French merchant navy, will serve as a floating hotel at Montreal, a spokesman of the new owner, Saudi businessman Akram Ojjeh, said in Paris. Mr. Ojjeh, who bought the liner for 80 million French francs (about Ss4o million) nearly a
        AFP  -  90 words
      • Article
        Lock icon Ten more new tankers
        82 13 AFP INDONESIA'S state-owned oil company, Pertamina, has ordered 10 more new 15,000-ton tankers from Japan and South Korea, it was reported in Jakarta yesterday. Eight of the tankers will be built in Japan and two in South Korea. All of them will be used for domestic
        AFP  -  82 words
    • Article
      Far East has lion's share
      604 13  -  CONTAINERISATION BOOSTS TRADE By RAHIM KASSIM TRADE to and from the Far East takes up some 70 per cent of total world container shipping capacity of 627,000 TEUs. The large number of containers engaged in the trade is primarily due to the region's growing role
      604 words
    • Article, Illustration
      At last, Jesper comes into Moller's fold
      119 13 THE A.P. MOLLER shipping group, which operates the Maersk Line, has accepted delivery *f its fifth and last of a series of 58,Mt dwt product carriers boiit at the Kaidnes Mekaniske shipyard in Norway. Like its four sister ships, the Jesper Maersk, as
      119 words
    • Article
      Lock icon London freight
      148 13 UPI THE MARKET on Monday continued to feel the effects of the US and Japanese holidays last week. Although single-voyage fixing was, on the whole, more evident than that in the time-charter section, movements of cargo to the Par East was scarce. US Gulf grain featured when Continental
      UPI  -  148 words
    • Article
      INDEX
      519 13 Shipping Llae Page C*i Aconas n 5 ACS n 5 Atea IV 3 Aguila IV 2 Alpac IV 5 Angkutan n 3 ANL i 1 APL m 2 Arya Nat n 5 ASCL m 5 Asia Merchant m 4 Atlas V 3 AustCont IV 5 Bank n 5 BBS
      519 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      3095 17 SHIPPING LIST where your ships are due and when SCHEDULE A guide to ships loading at Singapore for Ports around the World i 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
      3,095 words
    • Article
      The Consortia
      127 17 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and thfe member lines. ACE (PAR 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 «lASCOL(BTRAITB/
      127 words
    • Article
      Container Schedules
      946 18 RECEIVING OF EXPORT FCL CONTAINERS 1 AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during
      946 words
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      Who acts for whom
      902 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
      902 words
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      Lock icon Order book for shipbuilding at a 13-year low
      667 18 AFP THE WORLD'S shipbuilding order book (ell to its lowest (or 13 years in the third quarter of this year, totalling only 28.12 million tons gross. Lloyd's Register Shipbuilding Returns revealed yesterday. Compared with the second quarter of the year, the fall
      AFP  -  667 words
    • Article
      Lock icon Reports of China grain needs rule the market
      628 18 AFP REPORTS from Washington that China intends to import around 11 million tons of grain annually over the next few years, of which five million or six million tons might be bought in the US, dominated the London freight market at the
      AFP  -  628 words
    • Article, Illustration
      SHIPS IN PORT
      343 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anton Chekhov (0600 after Mikhail Slenko A Johneverett) 33/34 Dong Kwang (1500) 27/28 King Lake (0600) 22 Kota Ma war (0700 after Kota Cahaya) 10/11 LJoyd Bakke (2200 after San Luis) 47 Montana (after Westmorland A Johneverett) 38/39 Santiago Del Estero (after
      343 words
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      566 13 Barber Oue sea DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pie ltd T»l ***** Harrisons Croslield Kuala Lumpur T* ?OOSt' t Pernas MISC Penang Tel ***** JAR 1)1 NT AMAH Orient Overseas Ca*Ua*test Line FULLY CONTJUNERISED SERVICE TO EUROPE (VIA SUEZ) CItVAIER ROZE UN NEPTUNE
      566 words
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      Page 13 Advertisements Column 2
      307 13 SEALORD ANTAH h9II mi i UASC UNITED ARAB SHIPPING CO (SAG) m ■ARABIAN GULF WEEKLY SERVICE" S pore Loading for Dammam (12/12), Kuwait (15/12), Bandarfl Shapour (18/12), Abu Dhabi (26/12). Dubai (28/12) Kuwait (22/12), Damman (27/12) Bahrain. (31/12), Abu Dhabi (2/1) Dubai (5/1) I Damman (5/1). Kuwait (8/1), Doha Muscat
      307 words
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      816 13 f:\vrcft Lines KM TMK MOST niCQUKMT SAILINGS TO BANGKOK HONGKONG •JAPAN HfSAN. Cv«r*tt Steamship Corpn. S/A C»-Ho»G y«oapo»# G!>4»' G Je V'ir >WK 3G i 0! OCIC Iktg T* 2(44* SOCS*«*CO®MC T* J»W For US Pa C.I.C Gu»& Arunnca.xifcjsiCdndqa ,A l -.0.,cc.-o!.nglQ. Morigkonq T.„ kv ..i. j,,q, FULLY CONTAINSRIZEO FAST
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      Page 14 Advertisements Column 1
      857 14 FULLY COHTUOBED TO EUWPE EXPRESS CONVENTIONAL TO EUROPE Spue PKeiang Pen BN>*> Genu H'bwj BTiaren Adam Antwerp Mntlaii 28,11 29/11 27/12 18/12 2/1 31/12 26/12 28/12 Mwtertand 12/12 3/1 17/1 15/1 11/1 13/1 6/12 7/12 10/12 4/1 13/1 12/1 10/1 9/1 FULLY COMTMOHSED TO GENM/TIKSTE Spore P Ketang Genoa TriMtt
      857 words
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      507 14 Dec 14/15 0* 27/27 I b* IJ/2I Dec 17/11 Ok 29/30 lan 22/2Dec 2/3 i Dec 3/( Dec 1/2 Sarana* New Tort SI MiM i.. M Za Safodia Sunbiwi Seon|j SonekNa Im Amido San Francsco 25-26/1 10 11/2 "JML EXPRESS ARABIAN AND IRANIAN PORTS SEM-CONTAMER SERVICE (HEAvy-uft capacity 200 too
      507 words
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      581 14 FULLT CONTAMERIStD KUWAIT 22/12 B. SHAHPUR 24/12 JEDDAH 2/1 AISO ACCEPTING CARGO FOR BAHRAIN ANO ABU DHABI Kim /HIPPMG TRADinG PTE LTD. ■Tt rl T elex KMSPEED RS ***** Tel *****37 *****11 EVERGREEN LINE (EVERGREEN MARINE CORPORATION) FAR EAST/REO SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE 1 ALSO ACCEPTING CARGO
      581 words
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      907 14 5 HTQ h Burn* Fivt Star Shippinf Carp*. "BURMESE NATIONAL LINE" lORBMG FOR RANGOON mrm 2/ jo«c B.F.S.S.C Agents in Malaysia TEPS MALAYSIA Port Ketang Tel (38) 7355 Penang Tel *****/***** PATAGONM AKDffINA 'Svbtect to inducement Kf *Svbtect to m uompania Argentina Uo j NavafKtoii IntarcominwiUl S. A. C.I. F.
      907 words
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      850 14 SANKYO LINE AUSTRALIA SERVICE P. KeUnf Sngapve loadinf ta TMUR SIM MAY SKY.. DUMOfO STAR. 17/11 tec 15/16 Dec SYD MEL. AOEL 11/19 Dec IS/17 Dec GERALOTON. FREM. MQ 21/30 Dec 2C/27 Dec SYD. MEL. AOCL BANGLADESH SERVICE DIAMOND STAR. GENERAI AGENTS CONTAINER BOOK KG 10A0 AGENTS P HtIANG PfNANG
      850 words
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      891 15 Overseas I Containers Limited CONTAtRSHP SERVICE TO UK/CONTICNT: M|«ln I«M (i«rns Oh aiE*ta» Ou*a lii ■aaga Han *«»1 tw Itaitau [ora U la* 14 la* IF) trim itfrni It la> 19 tan It ft CONTMOtSNT SERWCE FROM UK/CONTUCNT Rtan Havre Sat* SaM S ton PMtang Spore tail Par SaM 4Dm
      891 words
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      860 15 GRANARD LINE RELIABLE DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND FAR EAST/MEDITERRANEAN M V MAM NAM *20N.. H.V MAN FUNG V.2IN S pore P Ketmf Penanf loadnf tv: 11 Dk It Otc IS Dtt Dfibouli P S*d Afciiandna Bwut lattakia Piteaus Tripoli Benghazi Istanbul 5 lan 7 lan J lan PSanl
      860 words
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      829 15 BEN LINE CONTAINERS EXPRESS CONTAMER SERVICE TO/FROM EUROPE HBURG BIIAVEN ROAM HAVRE SOION 10 [won Sport P Kelanf W Germany Austria Antwerp France UUK SaM JO/11 15/12 21/12 22/12 24/12 Wu Carnal Bar «/I2 0/12 28/12 JO/12 i/| j/f ii/ 12 T«*» Eipress 10/12 3»/i2 J/1 4/1 «/l 7/1 C*y«Edrtwgh
      829 words
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      602 15 r Scan Dutch 9 MZumvtwvMi-YVT Sport 1) Ms*«n 2) Rom 3) Hbw( Gbor| EASTBOUND FROM MED/UK. i*>i: iii:n:i i»] i:r_Vi r Acctptaf Iran 1) Mabno Stockholm (Ma. Hetafc 2) Copenfcat"' 3) Bremen 4) Antwerp Amsterdam. UK i) Barcelona Cum Bade. Bar4cam ALL CB vessels Kceptnf Fa/fa nteoneAale carje It Hontkonj
      602 words
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      518 15 GUTHRIE BOUSTEAD SHIPPING AGENCIES THE BANK LINE LTD. LOADS FOR E. I S. AFRICA PROMTHEUS (Mauritius Revmofl Maunfl Durban E L P E Capelowiii Auantan Spore 30 Dm/ sOk P Mang t/II toe ftOMEAST* JOUTHAFRKA FOR MBtl. MWI fORTUt SIM Penang P 7/1 Ok s#o>f P«w«g p KM** h Part/J
      518 words
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      945 16 K LINE KAWASAKI KISEN KAISHA. LTD. vw SUEZ by Cwfemr Vetsefe TO EUROPE S pore P Mjwtl Havre H'bwg Bremen R dam A «erp annua ns lm 20* 30*121 dk 23 dk 2« ok 2« dk 21 ok CPTUC PEARt I2W lOklo Ok 2f Ok 31 Ok 2lm 3 tan
      945 words
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      987 16 U.S.A./EAST CANADA SERVICE ACCEPT* FCL/ICL CONTARCRS FROM PENANG. P. KUAMG. STORE IM*( I*: mm YORK. CARDER NORFOLK Penang Beia»an P Manf Singapore I PRADESH (K( SO) kn/Nlb. M" (KSA- 27 Id) 7/0 toe 11/U toe 12/13 toe 14/lf tot E.C./CREAT LAKES SERVICE i tar Norfolk. m row. Montreal. toronto. ashtiwu.
      987 words
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      Page 16 Advertisements Column 3
      675 16 ■NOL NEPTUNE ORIENT UNES LTD S pore P Mar* S too Hawe H tmrj Bre* anno rqs JTSTTSri mm 21 m 23 ok m m nptvmnm iM u m 27 M H M 3idk itm mCATQi 11 Ok MDk Slm 71* llm II Im oam II Ok 27 Dk 12
      675 words
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      Page 16 Advertisements Column 4
      420 16 u MAI*YSIAN INTtPNATtONAL SHIPPING CORPORATION BfPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVI4 WEST BOW Amsterdam UK. 5) Bask Bocdeam Also accepting intermediate cargo to HimfkMi( i Japan EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tg Mam S pore P Kelang Penang Uadtag tor I WLQt 36/2 Ok 3/5 Dk 6/ 7Dk Btona
      420 words
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      856 16 t INTRfISEfI (PTE) LTD. f House 23JE Och.vd Smqapo'p 9 Telephone *****11 *****5' REOfttt MKPCNDtNI SEM/FUI CONTMNER SEMNX TO BALOEIO W (Co* 27 Ok Urate S'kaovtor rta/KkH UK MASTER WR 17Ik Ike Rtsm Hb*f A wfff mmmmH hbk 23 Bk ra*. h^isk^o, •««*> iw« wu» (fit) in ?»»ii nous tnmi
      856 words
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      287 17 GERMATRANS SHIPPING i\(- NORWAY' New 11 press Monthly Independent Semt-Container Service from Singapore to Antwerp, and Rotterdam VESSELS Germa Lady Germa Geisha Germa Keppel Germa Fondai Germa Lionel Germa Pride SMKAPORE P KELANG PENANG ANTNERP RTMM 27 29/11 30/12-1/1 30/1-1/2 28/2 2/3 30/3-1/4 29/4-1/5 30/11-1/12 2 3/12 Subject inducement can
      287 words
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      207 17 I g Seatrain Full Container Service to USA ran w. STQH Mona m m ow u ais t/c A VttMl 5/12 SMM 1/12 KMi 17/12 4/1 2/1 11/1 IS/1 11/12 V.117 Vmml 19/12 SMM 17/12 Lnfcftaa 21/12 19/1 U/l 22/1 24/1 11/12 147 22/12 Full Container Service from USA wna
      207 words
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      266 17 UNONAOEH *UNHM BOSTON.. ANHSING LINE REOUR SOB-CONTMO/Ua SERVICE S>w MKUnc Lwdnj tar spcf« f. KtUn hPM 2/ 3 0k LOONFATT loon acne LORD STEAMSHP CO. S.A. TANMN/STRATTS/TAMAN EXPRESS UO SERVICE Kctanc. PmMf. Keckaif. (mtiuni STORE MEL AUG FENANG TAINAN 7/ •Ok 9/11 Ow 11/12 OK 19 OK 21/30 Ok 31/
      266 words
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      178 17 EGYPTIAN EGYPTIAN FLAG INTERNATIONAL LINE. EiL FAST AND DIRECT LINER SERVICE TO EGYPT (PORT. SAD ALEXANDRIA) mMMDSU WI u GENERAL AGENTS: L.N. SHIPPING PTE LTD T«l: *****11 (Singapore) TLX R*****7 SUB-AGENTS: H.S.H. (M) SDN BHD Tel: *****3/*****7 (KL) *****6 (PT KELANG) *****2 (PENANG) OCEAN CONTINENTAL ENTERPRISE PTE LTD Room 610,
      178 words
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      57 17 m.r. "VIBHVA AJAY" VOY: 10/Lifhter M arrived 24tk NovraWr, in at PAA. Godowa No. ft. k General Survey of damaged cargo ex the above veseel will be held on Friday Ist December, IW, aa from 9.00 am. to 5.00 pjL. No further survey will b£ held after this date. Afeats:K.
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