The Business Times, 30 November 1978

Microfilm: NL9922
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURBDAY, NOVEMBER M, IfB 50 CENTS
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  • BRIEFLY...
    • Article
      Cebu mission here
      53 1 A 19-MEMBER mission from the Cebu Chinese Chamber of Commerce arrived in Singapore yesterday on the last leg of a regional tour. The aim of the mission is to woo investors to set up manufacturing plants in a planned industrial estate in Cebu. The mission is here
      53 words
    • Article
      Fewer births
      45 1 SINGAPORE'S population growth rate fell to 1.2 per cent last year, the lowest post-war increase. According to the annual report of the Family Planning Board, there were only 38,900 live births owing to a significant fall in the fertility rate of child-bearing couples.
      45 words
    • Article
      Lock icon Korean anxiety
      66 1 AFP SEOUL, Wed. SOUTH Korea is gravely concerned about the EEC countries' move to restrict imports of major Korean export goods, official sources reported today. South Korea is heavily dependent on exports for its economic growth, and hopes that the Gatt multilateral trade negotiations, now under way in
      AFP  -  66 words
    • Article
      Lock icon Mark bond issue
      57 1 UPI LONDON, Wed. The United States will launch a bond issue of 2.5 to 3 billion deutschemarks (SJ2.B to $3.4 billion) in West Germany in Decem•ber as the first stage of its plans to borrow up to US$lO billion (Ss22 billion) in foreign currencies to defend the
      UPI  -  57 words
    • Article
      Lock icon ADB loan
      82 1 AFP MANILA, Wed. The Asian Development Bank (ADB) today announced a US$25 million (Ssss million) concessional loan to the Shiipa Bank (BSB) to cover its foreign exchange needs for the next two years. ADB said the loan will be used by BSB to grant loans to industrial and
      AFP  -  82 words
    • Article
      Lock icon US deficit surges
      75 1 UPI WASHINGTON, Wed— The American trade deficit, one of nation's most troublesome international problems, grew by US$2.l3 billion (554.47 billion) in October as imports surged to a new record. Americans sold $13.01 billion worth of products to their trading partners last month while buying a record $15.14
      UPI  -  75 words
    • Article
      Lock icon No accord on fund
      67 1 AFP GENEVA, Wed. Bargaining between rich and poor countries on a common fund to stabilise commodity prices was still continuing here today, but conference sources said chances of a meaningful agreement were slim. The two-week negotiating conference organised by the United Nations Conference on Trade and
      AFP  -  67 words
    • Article
      Lock icon Dow Jones
      59 1 AP NEW YORK, Wed.— A larger-than-expected US foreign trade surplus sent stocks tumbling today, continuing the dive that began late in the previous session. The Dow Jones industrial average of 30 industrials, sank 6.76 points to 797.38 in the first halfhour. Declines led advances by a five to
      AP  -  59 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      128 1 Rises Most Active Talam Mines 200 +73 UOL 226,000 Berjuntai 660 10 S Darby 152,000 Roth mini Tronoh Mines Strait* Trmdinj 292 625 535 +7 +5 +5 H Par Grand Central 94.000 77,000 Shell Perli* Plant FAN 255 203 MO 402 384 +5 +3 +2 +2 +2
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    • Article, Illustration
      In Kuala Lumpur
      142 1 Sg Besi Taiam NST FAN A Amal Rises Most Active 660 200 440 480 460 35 28 28 +2 16 S Darby H Par Consplants Gold Coin 350,000 185,000 138,000 88,000 Gold Coin 180 15 Total Turnover: 2.20m G Kent (M) 265 15 Total Value: M$5.30m Shell
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  • Article
    US short circuits Getap's hopes
    704 1  -  GE-HITACHI VENTURE BLOCKED By RONNIE LIM A US government no to the proposed TV joint venture in the US between General Electric Co and Hitachi Ltd will deprive GE's Singapore TV components plant of much potential business. This is because the Singapore company, General Electric
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  • Article
    Razaleigh backs yen-ringgit market
    140 1 MALAYSIAN Finance Minister Tengku Razaleigh Hamzah said yesterday he is keen to pursue the proposal for the creation of a yen-ringgit direct market in view of the weakening of the US dollar. Before leaving (or a four-day visit to Japan, Tengku Razaleigh, who will open a
    140 words
  • Article
    Concorde ban stays
    100 1 MALAYSIA is maintaining its ban on flights by the supersonic airliner Concorde through its air space, Civil Aviation director Hamzah Majid said yesterday. He said talks with British officials on lifting the ban had not been held since May and he had no comment to make on
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  • Article
    KL frees $180 m to ease tight money position
    1181 1  -  By HOORJAHAM KARIM IN A move to relieve the tight liquidity position in the Malaysian haniring system, Bank Negara has reduced the statutory reserve maintained with it by commercial hanks by one percentage point from the present 6 per cent to
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  • Article
    Trading on gold exchange taken to a new high
    217 1 TRADING mi the lewly-MMtltitei Geld Exchange *f Singapore teached a aew high yesterday, with 4e»U werth abeet U mllliea. lie exchange has hem trading far six days new, ail average traasaetleas have remained well aheve the level heped Car hy the
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  • Article
    Iata excludes S'pore travel agents from rate increase
    504 1  -  by GOH ENG KEE SINGAPORE travel agents accredited with the International Air Transport Association (lata) yesterday hailed the organisation's move to raise the basic commission rate for travel agents by 1 per cent to 9 per cent but regretted that they have
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  • TRADE AND INDUSTRY
    • Article
      Effluent plant gets more out of palm
      422 2 A PALM OIL effluent treatment process developed by the Chemical Engineering Department of the University of Malaya may solve the serious water pollution problem in Malaysia and other palm oil producing countries, without unduly boosting operational costs. The three-stage process, which could be
      422 words
    • Article, Illustration
      PERKINS ENGINES GENERATE LOTS OF INTEREST
      281 2 PERKINS Engines has reported good response to its stand at the Transpo Asia exhibition which ended yesterday, with more than 20 business enquiries from Singapore, Thailand, Indonesia and Taiwan received. The Perkins exhibits, which were put up Jointly by the company's five distributors Perkins
      281 words
    • Article
      Lock icon N. Korea plans big
      81 2 AFP NORTH Korea plans to sharply increase its light industry production as well as coal, chemical fertiliser and agricultural outputs next year, according to a Pyongyang radio broadcast monitored in Tokyo yesterday. The plan was approved at a plenary meeting of the North Korean Workers (Communist)
      AFP  -  81 words
    • Article
      Lock icon MADE IN SOUTH KOREA
      75 2 UPI WHEN yea ass Made la Kmc* Hems sbrsai, yea may be "oadertag If they are from the Sooth or the North. Ts >w*Mi eoafariaa, the Boath Koreaa government "7*"* V**? itoam exported la certain area* to dearly Indicate that they origtaate from the Hiifl. (Mertte
      UPI  -  75 words
    • Article
      Penang free port days won't return
      329 2 PENANG has grown into one of the most developed states in Malaysia after its free port status was removed, Parliament was told on Tuesday. Deputy Finance Minister Puan Rafidah Aziz said this was the reason why the government did not plan to reintroduce the
      329 words
    • Article
      Manila defers log ban
      193 2 THE Philippines has decided to defer its plan to impose a total ban on log exports. Disclosing this, an assistant minister in the Natural Resources Ministry, Mr. Arnold Cawili, said the ministry has decided to conduct a deeper study on its policy of prohibiting log exports
      193 words
    • Article
      Lock icon Tokyo re-creates Disney's dream
      391 2 AFP WHILE Mickey Mouse was celebrating his 50th year on the animated screen, plans were afoot to build in Japan the third amusement park on earth to embody the dreams and ideas of his creator, the late Walt Disney. Walt Disney Productions of Burbank, California, reached
      AFP  -  391 words
    • Article
      MEMO PAD
      272 2 COURSES AND TALKS Oct 16-Dec 18 (every Monday): A detailed study of reinsurance and its role in the conduct of insurance business, srrc, srrc. Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, srrc Nov 30-Dec 1: Finance for nonfinancial managers, Hyatt, Price Waterhouse Dec
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    • Article
      Rubber export lower in first nine months
      216 2 SINGAPORE rubber export in September was down 5.24 per cent on August's 96,526 tonnes. The fall was due mainly to declines in exports to the major markets. The US continued to be the major importer taking in more than 17,000 tonnes in September.
      216 words
    • Article
      Automotive move
      62 2 THE Asean Automotive Federation has agreed to recommend certain part* and components now being produced In Asean member countries for consideartion in the Asean automotive complementary projects. A two-day meeting at the federation which ended in the Republic yesterday also agreed to hold further on the proposal that
      62 words
    • Article, Illustration
      Hotel scores a 'first' in South-east Asia
      517 3  -  By TEO TECK WENG century Park Sheraton will be the first hotel in South-east Asia to go fully computerised. It recently installed the NEC System 100 and the Data Terminal System model 400 to provide on-line services for its front office and administrative
      517 words
    • Article
      Making the most of associated gas
      553 3 PETRONAS, the Malaysian state oil company, has issued rules to guide oil contractors on how to minimis wastage of associated gas. The rules lay down, among other things, the ratio of gas to crude oil production that may be flared. The implementation of the
      553 words
    • Article
      Lock icon Computer tender
      129 3 Reuter JAPAN'S Fujitsu Limited will take part in a tender to be called shortly by the Australian government for a large computer system installation worth an estimated US$25 million through its Australian subsidiary, Facom Australia. Fujitsu said the Australian firm, more than 90 per cent owned by Fujitsu,
      Reuter  -  129 words
    • Article
      Northern Territory seeks closer Asean ties
      294 3 AUSTRALIA'S Northern Territory is sending a ministerial mission to South-east Asia to explore prospects for economic partnership. It is the first oversea move by the new administration since the Northern Territory gained self-govern-ment five months ago. And mission leader, Treasurer and Deputy Leader of
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    • Article
      Trade contracts run up huge deficit
      135 3 TRADE contracts concluded by Japan's 13 major trading Arms in October ran up a deficit of 58.6 billion yen (5J652.5 million), compared to a surplus of 277.1 billion yen in September,, the Japan Trade Council announced yesterday. The council, formed by tradtof tenia, sa?j
      135 words
    • Article
      Boost from stable baht
      68 3 Trtll crta'ruiar n U«e UaSi'O EiifOjiear L< nn-t t;* International Cooperation (Ceci) said in Bangkok that Thailand's stable baht currency together with its neutral foreign policy have made Thailand more attractive for foreign investors. Mr. Olivier Giscard d'Estalng said at the end of a five-day visit
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    • Article
      Lock icon October output at Japanese factories down
      356 3 Reuter JAPAN'S October industrial production index (ell 0.3 per cent to a preliminary, seasonally-adjusted 124.0 (base 1975), from an upward revised 124.4 points in September when It rose 1.2 per cent from August, the International Trade and Industry Ministry said. The year-on-year gain in
      Reuter  -  356 words
    • Article
      ORANGES
      73 3 JAPAN will tocrease Impttto «f lanlnsa tnmgm tram 4MM teas this year Is M,H9 tm In ItHL Aeeardtag ts Ike Taky. dally, NBm Ketmt SMmfm, slßelaHy made kaswa next Taeaday. 11m expected aiHOMMt will pat aa ead to toag Mlatorai ■rgiflsdias tor Japan's lagr—til panhaae «f Aaerieaa torn predaeta
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    • Article
      It takes two to tango, but Brazil exhibits first step
      449 3 BRAZIL is fast expanding its influence in Asia and the Asenn countries in terms of trade and investment. The third of a series of exhibitions in the region is now being held here at the Shangri-la Hotel. Two other exhibitions
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      178 2 EXPO BRASH. 78 Sluinyri-l ;i I lolcl Singapore Dcccmlx r 6 -10 BRASIL Ilie Brazilian Kxhihition is sjx>nsnred by Ihe Brazilian Ministry of hxtrrnal Relations hamaratv Designers and contractors: Arquiprom Arquitrtura. s c Oomrnio Ltda. The colour, wealth and beauty of Brazil. It's all at Expo Brasil 78. Shangri-La Hotel.
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      189 3 Isuzu's trade mark represents two monolithic symbols of strength. The mark represents the partnership of Isuzu and General Motors both standing strong and proud, providing to the needs of transportation around the world. From the cities, to the countryside. From the barren blazing deserts to the logging camps in the
      189 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      614 3 LI TWO-IH-OJfE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Comparatively seamanlike? (15) 6 Cheat Oliver (5) 9 She always has the same bet (7) 10 Colour in which British Rail have a proprietorial interest? (5) 11 Feminine stuff (5) 12 Like No. 1 Wood Street (5) 13 Taken over (7) 15 Rum
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      353 4 THE Singapore rubber market yesterday closed lower with December One RSS buyers quoted at 239.00 cents per kilo, down 5.50 cents from Tuesday's close, dealers said. Morning prices were marked up initially but fell back to lose about three cents on stale bull liquidation and isolated
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    • Article
      Closing prices
      30 4 Rubber: Nov 29 Singapore: December: 239.00 cents (down 5.50 cents) Malaysia: December: 239.75 cents (down 5.50 cents) Tin: M*1,916.50 (up $8.50) Official offering: 220 tonnes (up 43 tonnes)
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    • Article
      RAS PRICES
      362 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Inf. 1 R.S.S. prompt f.o.b. 242.25 243.25S 238.50 239.50N Int. 1 R.S.S. December 242 75 243.25 239.00 239.50 Int. 1 R.S.S. January 245 75 246 25 242.00 242.50 Int. 2 R.S.S. 238.25
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    • Article
      SSR and SMR
      100 4 NOON SSR and SMR prices yesterday: R AS December luury (Cirtcat Mth) <r« rwmrt Mth) Baye r» Seller* b «j era Sellen SSR 20 (real •pwkj) (CM ■toper kg) (1-ton pallet) 238.00 240.00S 239 00 241.OON SSR 50 (1-ton pallet) 236.00 238 OON 237.00 239.00N MRELB SMR
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    • Article
      Produce exchange
      373 4 SOME of the prices of commodities quoted on the Singapore Chinese Produce Exchange were marked down yesterday to bring them in line with those prevailing overseas. Cases in point were nutmegs and gambier. These are rarely traded commodities and for this reason their prices tended to be neglected.
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    • Article
      Sugar
      276 4 AT end morning in London yesterday, raw sugar values were £0.60 to £0.35 per tonne higher. Turnover totalled 677 lots. The market remained quiet with prices fluctuating narrowly either side of steady opening levels. Trade sources reported US refiner purchases of raw sugar overnight of around 22,000 tonnes at
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    • Article
      Palm oil
      72 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Monday Previous Malaysian 5Hffa bulk per tonne January unch MSslr Sumatra 5% (fa bulk November unch 612' sir December «05qtd WJ' »slr January 605qtdslr 8006s Ir February 600qtd eOOslr/BOO 1 587^ March unch 602 pd
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    • Article
      Rice
      182 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne FO B basis Bangkok) White rtee: 100 pet Ist class 340, 100 pet 2nd class 325. 100 pet 3rd class 320. 5 pet 313, 10 pet 290. 15 pet 285. 20 pet 280. 25 pet 275,
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    • Article
      Lead
      83 4 LEAD ended the morning up £13.25 for cash and £7.5 for three months in London yesterday. The market continued Tuesday's advance on shortcovering prompted by further East European enquiry and some Far Eastern demand following reports of fairly substantial sales to the Soviet Union last week. This, combined with
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    • Article
      Aluminium
      36 4 ALUMINIUM was up £1.5 for three months t midday in London yesterday. Traders attributed the steadiness to small scale covering prompted by the trend in other metals. The turnover of 700 tonnes was mainly carries.
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    • Article
      Zinc
      47 4 ZINC finished the morning up £0.5 for casta and £1.5 for three months in London yesterday. The metal was steady, largely in sympathy with lead, although dealers reported some East European physical enquiry. Ring dealings were only modest with the turnover of 1,500 tonnes mainly carries.
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    • Article
      Tin
      184 4 THE Straits tin price in Penang yesterday rose another MJ8.50 per picul to $1,916.50, 1216.50 above the International Tin Agreement ceiling, dealers said. Values were marked up on strong buying demand, especially from Japan and the US, coupled with Loodon's steadier closing on Monday, they said. Sentiment was not
      184 words
    • Article
      Hongkong Comex
      189 4 HONGKONG sugar futures trading was dull yesterday, with prices holding quietly steady on continued lack of interest, while turnover was at a record low of one lot against three on Tuesday, dealers said. The previous record low level was two lots, registered last Tuesday, they said. March was
      189 words
    • Article
      SPOT PRICES
      189 4 YARN and cotton in Hongkong dollars. spot ex-godown CsMm ymrs: China Blue Phoenix 20s 2,240 32s 2.820; 40s 3,025 (per bale at 400 lbs). P*e«* gaa4s: China Butterfl/ and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq. Flying Geese unq (per piet* 36
      189 words
    • Article
      Coffee
      263 4 ROBUSTA futures closed steady £4 down in spot Nov to £6 up in distant July. Turnover was 1,144 lots including five options and around 200 lots crossed trades. Dealers said there were no fresh market factors and the market had met a combination of commission house and local dealer
      263 words
    • Article
      Cocoa
      152 4 IN London yesterday, cocoa futures were almost immediately marked the £40 per tonne limit down with near December trading at £2,106 per tonne. Turnover was only 12 lots before the market closed for the statutory 15 minute break. Dealers said that sharp losses had been expected following the limit
      152 words
    • Article
      Wheat
      199 4 WHEAT futures remained lower at midsession in Chicago on Tuesday, as general liquidation spilled over from Monday. Prices lost two cents in the spot month and a fraction in the remainder. Analysts said liquidation occurred ahead of upcoming deliveries against the December contract, for which the first delivery is
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    • Article
      Soybean
      86 4 AFTER losing their grip on late morning gains, Chicago soybean futures plummeted to close 9-1/4 to 6-1/2 cents a bushel lower on Tuesday. The steep declines came as other pits were hit with heavy liquidation of nearby contracts ahead of the first delivery day on Friday. Some analysts cited
      86 words
    • Article
      Copper
      254 4 COPPER wirebars finished the morning up £2.5 for cash and LI .5 for three months in London yesterday. The early pre-market softened in sympathy with the New York close and steady sterling but the lower levels found some covering against continental demand and a subsequent recovery was also aided
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    • Article
      Silver
      172 4 SILVER finished the midday with losses of 2.9 to 3.1 pence in London yesterday. Values were marked down at the outset of the premarket, reflecting the overnight losses at New York. The market subsequently lost further ground under long liquidation prompted by the trend in gold but prices held
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    • Article
      Gold
      414 4 GOLD futures in Singapore yesterday rose about US$l an ounce in late afternoon trading from morning levels on local and overseas buying interest, dealers said. Quotations were marked sharply lower initially by around US$5 an ounce in line with easier overseas gold prices, but held steady thereafter. Trading was
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        483 4 MAINTAINING its firmness in the foreign exchange market, the US dollar was traded in a thin market yesterday, pending news of the latest US trade figures. However, in this mood, the dollar managed to make headway and closed stronger. From an opening of 196.95/05, the US dollar was
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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
        176 4 Asian rates ASIAN currency deposit Interbank rates as at close on Nov 29: US Delia r*< Spoil Offer Btd 7 days 10 1 month 10 10' 2 months IP. 11 3 months 1111/*****/16 0 months 12'• 12 9 months IP. IP. 12 months 11'. 11». 1 month 3 months 0
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      • Article
        Discount
        50 4 Rt>f( of ye ices offered by discount koai tes ob Nov It: Oversight 4% ('•11 deposit* 4* Clssia« i 3 month Myisf Sc Iliac Treasury bills 4 3 month Bank bills 7'. 7 3 month CD 79/16 7 7/M 6 month CD 7». 7». Source: National Discount Co Ltd.
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      • Article
        Australia/NZ
        54 4 AUSTRALIA/NZ exchanges quotes yesterday: US dollar 1 LH9 1.1341 Steriing 0.3 M 0 SOU Ninety-day airmail buyb« rates: Sterling 0 CM7 US dollar* 117* Ninety-day forward buying rates Sterling 0 5919 US 1 1427 New Zealand Sterling O.SJtf 0.538 US dollar ***** I MS Ntarty-day airmail buying rain: Sterling
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        London
        268 4 THE dollar opened firmer on the London foreign exchange yesterday, marked in line with the overnight trend in quiet trading ahead of US October trade data later in the day, dealers said. It opened at 1.9275/85 marks, up from 1.9250/65 overnight, at 197.30/40 yen, slightly lower than yesterday's Tokyo
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        New York
        148 4 THE dollar closed slightly weaker in New York on Tuesday compared with its opening, but was firmer than Monday night's close, dealers said. They said it traded in a narrow range during a day of quiet trading as the market awaits the release of the US October trade
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      • Article
        Hongkong
        43 4 HONGKONG butaoui yesterday US 4.77/4.71 UK 910/9.30 Burma 1.20 I.SO India 4.80 5 10 Indonesia 0 70/0.80 Japan 2.43/2.44 Korea 0 88 0 92 Philippine* 0 58 0 00 Singapore 2.16 2.18 Malaysia 2.12/2.14 Brunei 2.12/115 Thailand 23.80/24.00 Taiwan 12 50 12.80.
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        Tokyo
        136 4 THE US dollar for overnight delivery closed higher in Tokyo yesterday at 197.60 yen, compared with a 197.00 opening and 196.30 at Tuesday's close, dealers said. The US currency strengthened further in moderate late trading on import covering by Japanese traders and buying by Japanese banks for conversion of
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      • Article
        Treasury bill tender
        43 4 THE MONETARY Authority of Singapore has invited banks and discount houses to tender for a total of |20 million 91-day Treasury bills to be issued from Dec 4 to Dec 8. Each tender must not be for less than $250,000.
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
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      Page 4 Advertisements Column 2
      46 4 A must for every busy executive fl TimerAlarmClockCalculator Made in Japan 539.00 Super Accuracy of ±3 seconds per day 2 Penlite Batteries last **yoK 10,000 hrs. Also CASIO, SHARP. CANON OUAUTV Ordtn by Po«t Mtain* ASHOKA TRADERS(PTE)LTD. I't» H,|t Spcif "f. ijj if s l. K'l
      46 words
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  • OVERSEAS
    • Article
      Lock icon OECD inflation to drop marginally
      316 5 Reuter RATES of inflation in OECD countries will probably fall to around 7 to 7-1/2 per cent as expressed by consumer prices in 1979 from an expected 8 per cent this year, according to the International Institute of Economic and Social Research. The institute's November
      Reuter  -  316 words
    • Article
      NO LET-UP IN RATES
      63 5 LONG-TERM US interest rales will esnttnae to rtee Is the first meaths of 1171, Credit Salsse chief w-jsl Haas Mast said. He toM a Plaaneiai Times esaferenee sa werM Is Zurich that rates have, hswever, prshahiy already passed the three faarter mark la their present dink,
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    • WORLD IN BRIEF
      • Article
        EIB PLANS $250 M BOND
        454 5 THE EUROPEAN Investment Bank (EIB) is planning a 500-million French franc (***** million) bond on the domestic market next week, banking sources said. It will have a coupon of 10 per cent and a life of 18 years. The yield will be 10 per cent
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      623 5 ARRIVALS Service Local Operator Number Time Prom SIA SQ209 1045 HLP PAL PR501 1135 MNL THAI TG413 1250 BKK GIA GA944 1410 PKU MAS MH684 1410 KCH GIA GA900 1410 HLP SIA SQ201 1410 HLP GIA GA982 1415 HLP CPA CX703 1420 HKG/BKK SIA SQ455 1430 BWN
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    • Article
      Lock icon Ohira suggests a global role for yen
      611 5 Reuter JAPAN should agree to the interna tkmattsatkm of the yen to allow it, along with the German mart, to perform auxiliary functions as an international currency, Mr. Masayoshi Ohira, the Japanese Premier-designate said. Japan should alio not be too concerned about achieving
      Reuter  -  611 words
    • Article
      NO LAXITY IN GRIP
      133 5 PLANS TO allow foreign banks to operate full branches in Canada will not loosen the Bank of Canada's control over monetary policy, Bank Governor Gerald Booey said. Foreign banks will have to compete for funds within the prevailing structure of domestic interest rates, he told a
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    • Article
      Lock icon It won't be a storm in a coffee cup
      160 5 AP THE executive heart ef the IntwnsMiusl Coffee Orgisinllis heM Its first meeting ef the 1171-9 eoffee year yesterday. Ist eves before then there were signs ef n pissftli ■ajer^resf'srtatlsnb^ the r WM <l Bt!ta! d iwtU seek eiartflrattsn from Bsuth
      AP  -  160 words
    • Article
      Carter may go easy on pay standard
      376 5 THE Carter Adminstration may soften some af its wage guidelines with respect to fringe benefits and may tighten the profit-margin test o* companies' prices. Problems with these aspects of the pay and price standards are symptomatic of the difficulties the administration has experienced
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      Page 5 Advertisements Column 1
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      Page 5 Advertisements Column 2
      202 5 "It is not what we say about ourselves It Is our record which matters..." ...an Up-to-date Summary: During the period (10 months) pre-tax profit of Arab-Malaysian Finance Berhad a subsidiary of the Bank grew from M 5411,000 to M 5535,000, an increase of 56% 2 Arab-Malaysian Finance's total resources increased
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  • Article
    Intervention that raises questions
    382 6 GOVERNMENT intervention in commercial operations is an accepted part of doing business in the world. But the cost of intervention, of a more regulated environment, 1s beginning to have its effect on doing business profitably. The announced intention of the US Justice Department to invoke the
    382 words
  • Article
    Grab the licence the next time round
    226 6 IT IS not too often that a regional company awards a licensing contract to a foreign one. Far too often, it is reports of relationships working the other way round that are slipped into the long grey columns of newspapers. The agreement between
    226 words
  • Article, Illustration
    Natural rubber still not meeting rising demand
    1913 6  -  DESPITE an optimistic forecast of demand growth by the World Bank and the FAO, the share of natural rubber in the world elastomer market may be reduced. In the centrally-planned economies, the challenge against natural rubber is mounting with continued expansion of synthetic
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      Page 6 Advertisements Column 1
      15 6 Mi V' 9 m > 1/ HenkellTrocken The sparkling wine from Germany. Another quality product from
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      8 6 'Future Generation 'fv P* DD 1 I ifcl
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      Page 6 Advertisements Column 3
      64 6 Hotel Royal-RAMADA Newton Road, Singapore 11, Republic of Singapore Telephone: *****1, Telex: R*****4 Cables: HOTELROYAL i?mpercr*g ja^EEaSB Indonesian set lunch daily for lovers of spicy food and our speciality IK AH MAS. Try our most-talked about air-flown steaks for gourmets. A special International Buffet from 12 noon to 3 pm.
      64 words
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      Page 6 Advertisements Column 4
      106 6 Delicious food at Its most glorious awaits you at S^jitautirlrrr hoiinf V ill he Jul if u! food V lIU Chjnl it I« < r T .is!»■ t tu' most mouth .it e i tnq mjstti pie< <s •>! I uu pe.ir. < ookiriq. pffp<)t«-<1 tif.m ~n!\ 'dim-fit stirs; mijw-iiirntN.
      106 words
    • Advertisement
      Page 6 Advertisements Column 5
      35 6 The best place to wine and dine in the world's fourth largest harbou >• t i ■9 I EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 2536
      35 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      59 6 OUTLOOK for Singapore from 6 a.m. to noon today: Mainly fair. Report f»r 24 hoars prior to p.m. on Nov 29 at the airport: Maximum temperature 30.4 C Associated humidity 65 Minimum temperature 22.8 C Associated humidity 95 Hours of sunshine 10.5 Rainfall in millimetres Trace Total rainfall for the
      59 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      256 6 SINGAPORE 5 PM Opening announcements followed by Geta —Wooden Footwear For Modern Japan* Diary Of Events (Chinese)* Home Sweet Home with English subtitles (Repeat)* Intermission Opening announcements followed by What's My Line News in Brief* The Struggle For Survival (Repeat)* Samudra (Repeat)* News in Malay* The Six WHHon Dollar Man
      256 words
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  • Article, Illustration
    MARKET ON THE RISE?
    1159 7  -  By QUEK PECK LIM AFTER A RUN-UP to Its best level since the ITO bMO days and a short bat sharp decline ever recent months, the enly qnestien that remains to be answered in the stock market today is: which way is it goiag? Analysts, investors
    1,159 words
  • Article, Illustration
    STRAWS IN THE WIND
    309 7 AN advertisement for a hotel in Cyprus boasts that it has 320 beds "on sandy beach/picturesque fishing village and antiquities". All that means is you can choose to have your bed located on a beach (the chief highlight here is its sandiness) or in a fishing
    309 words
  • Article
    The theme's the thing
    927 7  -  (FOEPMi f ...with Quek Peck Lim SINGAPORE will probably enter the 1980s with a whole host of new hotels in tow but with few tourist attractions other than those already in hand. The standard line taken now by those who plan tourist developments here is that
    927 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      279 7 gr*% rv Y. mi -i HOTEL MALAYSIA 40 Cuscaaen Road, Singapore 9 Tel: J***** THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1 THE MARCO POLO Tanglin Circus, Singapore 10 Tel: *****1 HOTEL MERLIN SINGAPORE 7500 Beach Road. Singapore 7 Tel: *****11 MING COURT HOTEL Tanglin Road. Singapore 10
      279 words
    • Advertisement
      Page 7 Advertisements Column 2
      76 7 ORCHID INN 214 Dunearn Road. Singapore II Tel: *****2 HOTtL PHOtNIX SINGAPORE Orchard/Somerset Roads. Singapore 9 Tel: *****6 PENINSULA HOTtL Coleman Street. Singapore 6 Tel: *****1 RAPKLtS HOTtL 1-3 Beach Roud, Singapore 7 Tel: *****1 /***** SHANGRI-LA HOTtL 22 Orange Grove Road. Singapore 10 Tel: *****4 SINGAPURA hORUM HOTtL 585.
      76 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      27 7 BnStdW: RanX Dic&enS I > UDCX 1 W Tv4RT Piu. TH€_ nep»Ds or ocrr p*o ,TS mpslt PRST fbu£ U3V4>J Pk«2€.Npu so soßf^\sep—"Moi &eu>>G TO PberS CuJ6 .<»i!
      27 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Chemicals active
      494 8 TOKYO Source: DBS-Daiwa CHEMICAL Issues yesterday were active and higher due to buying by Institutional investors and mutual funds. Moreover, export-related issues such as Matsushita Elec and Pioneer advanced sharply because of the sharp recovery of the dollar rate against the yen. Turnover costlnued heavy with an estimated
      Source: DBS-Daiwa  -  494 words
    • Article
      Sydney
      230 8 NOV 21 Cents INDUSTRIALS A C.I 181 +3 AN I 162 A P M 112 +2 Arapol Pft 74 unch BHP 83fl >10 Bank NSW 84« 4 Boral 22S +3 Brambles 156 +1 C B A 233 ♦3 C S R 332 CoaJ Allied 480 -15 Dunlop 84 1
      230 words
    • Article
      Bangkok
      236 8 N»v» Baht Bank of Asia 262 +8 Bangkok Bank 442 10 Bank of Ayudhaya Ltd 284 unch Bangkok Metropolitan Bank 1,652 Laem Thong Bank 580 Thai Commercial Bank 568 UJK h Thai Danu Bank unq Thai Farmers Bank 370 ♦J Union Bank of Thailand 409 +a Industrial Fiance Corp.
      236 words
    • Article
      Manila
      100 8 NOV 2i Pesos Acoje Mining .01 -0 001 Atlas Con A Atlas Con. B 18 70 -02 Baftilo Gold unch Bfnfwi Con B 25 5C +0.5 BF Ooodrlch 21.50 ♦0 5 CDCP 19 50 ♦0.1 I noo B Landoii L* panto B .1975 -0 002; Martnduque B 550 unch
      100 words
    • Article
      Jo'burg
      388 8 COLD SHARES continued T-. towards the close on jy* s o*y. and apart from a aw period of steadying in the morning session afforded by •he lower securities rand, this w trend throughout the day, dealers said. Mining financials were soft here ,r>ded »n line with producers, though volume
      388 words
    • Article
      Lock icon Hongkong
      360 8 Source: SHK Sec Ltd TURNOVER figures plummeted again yesterday. Buyers gained /the upper hand as overnight money rates fell and the threat of another prime rate rise seemed to have temporarily disappeared Otherwise It was a desperately atilet day with little feature Further consolidation within a narrow range is
      Source: SHK Sec Ltd  -  360 words
    • Article
      Prices ease slightly
      505 8 EUROPEAN MARKETS MOST European bourses closed lower except Milan which saw firm trading. In ZURICH, prices closed slightly lower in quiet trading, dealers said. Leading banks and insurances were barely steady, except for slightly higher Zurichregistered. Among little changed financials Fortoo 'A' shares eased. Industrials showed wider
      505 words
    • Article
      Zurich
      121 8 NOV Fmncs Actions Sulues 270 unch 4H Brown Bored Br IMO 1016 •10 (30 Ciba Oelfy Rm Credll Suisse Br Credit Suisse Reg Etektrowatt Br. Oeorg* Fischer ar 620 2155 410 1716 540 -4 -10 unch ♦3 Hero Br 2700 HoffmwvLs Rochtl/19 S623 Holderb&nk Br 475 3075B -J Motor-Col
      121 words
    • Article
      Amsterdam
      217 8 NOV n» ABN 38# 00 unci) A/iold Ill 90 -0.1 Akio 29 20 -4)4 AMEV n 80 ♦0 8 Amlu 105 00 -0 5 Amrot Bank 75 50 -0.4 Rrr»o«.« 53 00 unci) Berk 85 50 -<8 Bote 88 .70 -1.1 BorsumlJ 148 00 -1 Burhm&nn TJ 70 -0
      217 words
    • Article
      Wall Street drops
      1146 8 NEW YORK A LATE sell-off pushed stocks sharply lower in light trading on Tuesday. Analysts said the market was due (or a pull back after a string of advances made suspect by low volume. Investors may have gram cautious ahead of reports on US leading indicators for
      1,146 words
    • Article
      Selected Indices
      63 8 FINANCIAL TIMES INDUSTRIALS Tuesday 489 9 Monday 484.9 Week Ago 474.0 DOW JONES AVERAGE INDU8TRIAL8 Tuesday 804.14 Monday 813.84 Week ago 804.06 LONDON DOLLAR PREMIUM Tuesday 77'. to 78'. Monday 78*. to 78'. H.K.HANG SENG Wednesday 487.04 Tuesday 480.94 Week ago 513.91 SYDNEY INDUSTRIALS Wednesday 448.34 Tuesday 444
      63 words
    • Article
      Paris
      268 8 NOV Fim COKBCILLC Air-Liqutdc B8N Otmia Danone CSF (ThotnaonCM) Cl* Truncal* despetroiet rompafnie Financier* Compajnie One rale Credit Fonder De France Hachette (Llbralrte) MmcrunesBull Mlchelln (B) Puitau Pechlney Clfine Kuhlmann Peufeot PhUip»(N» Oetn Bent) PrtniemptSA Rhone-Pou)enceSA Royal Dutch Sue® Cle Flnan De) MM Ml 380 130.30 390 M 430
      268 words
    • Article
      Frankfurt
      221 8 NOV 28 Dm 4Y-Aef-Telefunken Akzo Alls Leben 70.30 16 00 *0.1 -0.4 All* Vers BASF Bay H T Wbank Bay Vbank 402 134 50 310 90 320 ♦J 4-1.1 -2.5 -1 Bayer BBC BMW Cassella Chem Verw 138 40 308 50 220.50 380.50 382 20 ♦0.9 -5.3 •1.5 -5.5
      221 words
    • Article
      Brussels
      88 8 NOV FT* 4-/-forward market Acec 414 13 Artwd 2200 Astur 700 449 -2 Brascan 4-4 Bra-Lamb 1M0 10 Canpac 642 4-4 Cock 414 -1A Dr Bern 193 -1 Et*s 2400 ♦6 Bectrobel 7010 -10 Qb-Inno-Bm 2343 Oev 1330 -20 Hobok 2800 -10 Petro 3290 -ft Ryl Dutch 1870 5
      88 words
    • Article
      Milan
      96 8 NOV Lire Anlc 31 ♦1 Assoc Oen ***** *250 Bastogl 520 ♦43 Centrale 4530 30 Flat 2834 -21 Flnaider 131 50 +9.25 Qenlmmob 73.50 0 25 IFI PrI 2433 -17 Italcementl ***** 140 Iulfu 770 I« Italsidrr 288 10 Magnet! MT. 525 +5 Marelll Ere 226 50 -2.5 Medlob
      96 words
    • Article
      Market gives up modest gains
      420 8 Toronto SHARE prices closed fractionally lower on Tuesday as the market gave up its modest gains in the final hour of active trading following a sudden poll back in New York Volume totalled 4.44 million shares against 4.26 million shares at the close. The Composite
      420 words
    • Article
      ICI third quarter profits decline
      304 8 IMPERIAL Chemical Industries' third quarter pre-tax profits fell by £22 million compared with the same period last year. The company said exchange losses and a (all in sales in volume terms were the main reasons for its comparatively poor showing. Profitability had been affected by
      304 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      131 8 LUXURIOUS APARTMENTS WITH PANORAMIC HARBOUR VIEW FOR SALE OR RENT AT INTERNATIONAL PLAZA SPECIAL FEATURES Panoramic view of Singapore waterfront 24 hours central air-conditioning Wall to wall carpeting Furniture fittings designed and provided by leading interior decorators 5 exclusive elevators Fitted intercoms for security Round the clock security guards Ample
      131 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon SEC probe may delay Occidental stock offering
      632 9 N. AMERICAN L J Washington Star THE SECURITIES and Exchange Commission (SEC) has begun a private investigation of Occidental Petroleum Corp. chairman Armand Hammer's alleged exercise of questionable control over the board of directors. The SEC probe quietly begun on Nov 9 also
      Washington Star  -  632 words
    • Article
      W'house wins US$6m contract
      86 9 WESTINGHOUSE Electric Corporation said yesterday it was awarded a US$6 million contract to train nuclear plant operators and provide aids for a nuclear training centre in Taiwan. The work will involve the two-unit, 1,800-megawatt Maanshan nuclear power station now under construction by the Taiwan Power Company.
      86 words
    • Article
      Lock icon Major reshuffle at Chrysler
      307 9 FT MR. LEE lACOCCA, Chrysler Corporation's new president, has launched his first reorganisation of the company's top management by significantly broadening the responsibilies of his former colleague at the Ford Motor Company, Mr. Harold K. Sperlich. Mr. Sperlich joined Chrysler as vice-president for product planning and
      FT  -  307 words
    • Article
      CHICAGO BOARD OPTIONS
      1594 9 November 28 CHICAGO Board Options Exchange volume rose slightly to 118,301 contracts on Tuesday from 106,730 on Monday. OPTIONS JAN APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Exp 40 45 50 60 30 71/4 2 3/4 13/18 UNTRD 2 3/8 81/2 4 3/8 21/8 UNTRD UNTRD
      1,594 words
    • Article
      Lock icon Burmah recovers N.Sea stake
      353 9 FT BUBMAH OIL IM kM glvea stake to tke Oil Csrperalteiu tt,hg Whm tefollfeZmlltaat, wtoeh Miller this year were miM to toe state eO eaaipaay as sate fleeaees. Tke ssrptrse deal, mUt to seder to foBB a gTvea te Baratak to If*, eesMMi the Departmat si
      FT  -  353 words
    • Article
      Philips' sales up but net profit down
      795 9 third-quarter results EUROPEAN NV PHILIPS Cloeilampenfabriken and US Philips Trust reports third quartetnet profit of 120 million guilders, against 197T« third quarter of 140 million. For the period from January to September, net profit dropped slightly to 431 million guilders from 19T7's corresponding
      795 words
    • Article
      Tesco winning price war
      304 9 TESCO HAS woo the latest round in the High Street supermarket price war with interim sales and pre-tax profits up by just over a third. The results for the 24 weeks to Aug 12, 1978, announced early this week, give Tesco the surge in profits it
      304 words
    • Article
      Aerospace plans big take-off in new venture
      187 9 ASIAN k A AEROSPACE Industries Ltd, of Hamilton, New Zealand, has taken a major step to expand its capacity to produce and market Fletcher aircraft by entering into a joint venture with Guinness Peat Aviation of Ireland. Under the agreement, Fletchers will be
      187 words
    • Article
      Lock icon Goodrich sells stake in Yokohama Rubber
      142 9 AP B. F. GOODRICH has sold 18.7 per cent of its Yokohama Rubber shares to Japanese investors. Goodrich said it will realise about US$4.6 million from the sale. The Akron Rubber Firm, which had owned 24.6 per cent of Yokohama Rubber, reported last summer
      AP  -  142 words
    • Article
      TWA steps up its marketing effort in Asia
      95 9 THE ESTABLISHMENT of a new overseas regional office in Hongkong to be responsible for Trans World Airlines marketing activities in the Pacific, Asia and West Asia was announced yesterday by Mr.D.M.Casey, senior vice president (marketing) of TWA. The new organisation will be
      95 words
    • Article
      Lock icon Brown Boveri in S.Korean venture
      207 9 FT THE SWISS engineering concern, Brown Boveri, is to hold a 49 per cent stake in a new South Korean venture called Daewoo Electric Company, which is to manufacture power station equipment. The partner in this Joint operation will be Daewoo Heavy Industries of Seoul.
      FT  -  207 words
    • Article
      KOREAN BANK ISSUE
      82 9 THE KOREA Exchange Bank (KEB) said it issued US$lO million of floatingrate Certificates of Deposit in London to repay a 1976 issue of the same amount. The three-year CDs carry interest rate of 1/4 per cent above six-month London inter-bank offered rate. The Korea Exchange Bank tamed
      82 words
    • Article
      Lock icon Volvo speeding along the road to full recovery
      529 9 FT VOLVO CONTINUED its profit recovery during the third quarter with a substantial improvement in the return from its cars and an increased income from trucks. The Swedish car company has reported pre-tax earnings of 539 million kroners for the first nine
      FT  -  529 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      79 9 r inssPHK! S( u|( If <*> Mi (2 iff MM r%«rx -k m jr I n 107 countries, jou worft find a better-tasting scotch at any price. All over the ""arid. people appreciate the extranr- superb Passport blend. And its dm exceptional dinarv uste'oflWport Scotch. Because we use taate that
      79 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1006 10 BID and offer prices officially listed and business In and reported to the Stock. Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 unlU unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
      1,006 words
    • Article
      Government bonds
      219 10 4 i/4% IWM (280,000) (W.BOB 90.908) 8% 1/VU (250.000) (100.308) 8 3/4% 18/8/81-84 250.000) (102.308) 7 1/4% 18/10/88 (250.000) (100.75B) 7 1/4% IV4/B8 (250.000) (100.75B) 8 1/2% T P 18/9/87 250.000) (100.408 100.588) 7 1/4% l/S/n (250.000) (100.75B) •wa.v.jK"' m > 'Skm" 1 (a 0 M, > <»■—
      219 words
  • Article
    Unit trusts
    138 10 snwiAPOBB mnrnwr (Mutfcft' prtee ihrNnl) The Commerce 204 2.M The Saving Fund 1* 1.33 S pore Prog Fund on o.« S pore See. Fund l-CT 1.7T S pore Invest Fund 130 1.27 AHA UNIT ItlNT (Meeeeere" prim ihrttotM) Ma] Invest Fund 2.07 2.19 Mai Prog Find 1.01 1.13
    138 words
  • Article
    SHARE INFORMATION SERVICE
    2466 10 I97H Low Company Last Sale +orGr'« Div Div C'VT Gr'» YM Net P/E Vol Day COOO) High Low SECTION ONE INDUSTRIALS 272 238 178 219 275 111 280 326 245 660 132 123 107 133 195 59 162 173 140 256 Ac ma Alcom Allied Choc BAT
    2,466 words
  • Article
    In Kuala Lumpur
    1529 10 BID and offer prices officially lUted 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. IW OUST HI A U Alternate (2 MB). Aiaem (i 78B). •ats
    1,529 words
  • Article
    Tasek Cement resolution
    113 10 AT AN extraordinary general meeting at Taaek Cement Bhd. held on Nov. 4, 1978, a resolution to capitalise $10.4 million from the general reserves of the company was passed. This will involve the distribution of 10.4 million ordinary shares of $1 each credited as fully paid at
    113 words
  • Article
    Killinghall Tin
    87 10 CONSEQUENT to the proposed reconstruction of Killinghall Tin Ltd. (KTL), the register of members will be closed on Jan. 11 1979 to ascertain stockholders' entitlements to cash anH shares in th* new company, Killinghall Tin (Malaysia) Bhd (KMTB). This will be done on the basis of two shares
    87 words
  • Article
    Riverview must change
    62 10 RIVERVIEW Rubber Estates Bhd. (RREB) has been informed by tbe Kuala Lumpur Slock Exchange that it must comply with requirement B (1) which states that at least 21 days of notice must be given before the closing date of the books. Accordingly, RREB must change its closing
    62 words
  • Article, Illustration
    Spread and activity distinctly lower
    473 10 TRADING activity aa the Stock Exchange at Singapore y eater day lacked veleme range aa traders were generally sispflng a watt and we attitude. It there was nay direction, It was downward aad there was a distinct redaction la spread aad activity. Bayers were caatlnns
    473 words
  • Article
    Prices finish on a slightly easier note
    629 10 SHARE prices fluctuated narrowly 011 the Kuala Lumpur Stock Exchange yesterday to close on a slightly easier note. Despite a move by Bank Negara to reduce its statutory reserve requirements for commercial banks and finance houses, there was no dramatic stir in the
    629 words
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  • COMPANY NEWS
    • Article, Illustration
      Central Sugars gives few clues on CSR deal
      669 11  -  By DAVID CHOW CENTRAL Sugar's 1978 annual report and accounts provides shareholders with few clues as to how the resumption of the long-term sugar contract between Malaysia and the Colonial Sugar Refinery (CSR) of Australia would affect the company in respect of
      669 words
    • Article, Illustration
      Wing Tai's subsidiary goes public in KL
      714 11 CURRENT stock market uncertainties notwithstanding, Dragon and Phoenix Berhad, a Malaysian garments manufacturer associated with the Wing Tai Industrial Holdings group of Hongkong, has decided to float 5.394 million of its shares to the public at the par value of MJI per share.
      714 words
    • Article
      City Devt buys Balmoral Park flats for $4m
      755 11  -  By MANO SABNANI CITY Developments is moving like a comet to expand its land bank, now that the property market is showing definite signs of being on the upbeat. The company has announced that it has entered into an agreement to purchase
      755 words
    • Article
      COMPANY MEETINGS
      254 11 MINERAL Seearlttos Matey. Ma BM: AGM to be held at 73, Beach Street, Penang, at 11.30 a.m. on Dec 5. Ccatral Sagars BM: AGM to be held at Batu Tlga, Selangor, at 11.00 a.m. on Dec 8. 8etraa Ltd: AGM to be held at the Conference Room of
      254 words
    • LATEST RESULTS
      • Article
        SOUTH-east Asia Lamber:
        44 11 Group pre-tax earnings $3.58 million ($3.30 million) for the year ended June 30, 1978. Attributable earnings 12.45 million (12.25 million) after tax of (38,086 ($159,764), deferred expenses now written off of $54,612 ($49.364) and minorities share of profit $1.04 million ($844,433).
        44 words
      • Article
        Malaya Glass Factory Bhd:
        36 11 has reported anet profit of M 50.67 million ($0.76 million), for the year ended July 31. Dividend 7 per cent tax exempt (same), payable Jan. 15 to shareholders registered on Jan. 3.
        36 words
    • Article
      DIVIDENDS ANNOUNCED
      426 11 Carnal Payaieat Bs Data Weeks Claaa Data Total for Total for Payable the year Previous yeas 8 Darby D. K«rta*t UOL Lou Kraijru >——g Tla Klaultlki Tla A Hltaa Plaat A Eat Talaa Miaas PM Hld« Marata Cold Store Rak Hyd Pna Hides Kinrvtoa C Safari bldPM Toakiba
      426 words
    • Article
      SCRIP ISSUE
      171 11 Company Particulars Ex Date Books Close C Sugar* Min Sec Rahman Hydraulic Syitkdlc Riiiu Fed.Cables P. Products Setron S'pore Land Berjaya Kawat Bonus Issue of 1 for 4 Bonus Issue of 1 for 2 Bonus Issue of l for 2 Rights Issue of 2 for 5 fc $1.00
      171 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      139 11 Qsso) $200,000,000 Esso Production Malaysia Inc. Medium-term Euro-dollarfinancing FINANCING MANAGED BYi Morgan Guaranty Trust Company of New York Bank Bumiputra Malaysia Berhad Chase Manhattan Asia Limited Citicorp International Group FUNDS PROVIDED BY: Morgan Guaranty Trust Company of New York Bank Bumiputra Malaysia Berhad Chase Bank A.G. Citibank, N.A. The Bank
      139 words
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  • Article, Illustration
    Fewer Japanese tourists are heading this way
    383 12  -  By FOO CHOY PENG JAPANESE tourist arrivals in Singapore for the first nine months this year fell short of expectations. The number of Japanese visitors for the first nine months of this year was 146,615 which was below the estimate of 160,000 to
    383 words
  • Article
    Lock icon Chinese factories in joint venture pacts
    401 12 AFP CHINESE factories have made agreements with European, American and Asian firms to produce more than 40 lines of goods, the New China News Agency announced yesterday. Business talks are continuing on contracts for further items. A major contract is for the.production of 50
    AFP  -  401 words
  • Article
    Lock icon French show in Peking
    43 12 UPI A FRENCH exhibition on petroleum, natural gas and petrochemical technology opened in Peking yesterday. Visiting French Foreign Trade Minister Jean Fancois Deniau described the exhibition as evidence of France's desire for cooperation with China, reported Hsinhua News Agency.
    UPI  -  43 words
  • Article
    Bulgaria, S'pore sign air pact
    138 12 AN AGREEMENT to expand the route schedules of both Singapore Airlines and Balkan Bulgarian Airlines was reached in Singapore after three days of talks between the Republic and Bulgaria that ended yesterday. Under the agreement, Balkan Bulgarian Airlines may now also fly to Ho Chi
    138 words
  • Article
    Lock icon TAIWAN POLICY
    61 12 AP CHINESE Senior Vicepremier Teng Hsiao-ping, in a recent meeting with Japanese Prime Minister Takeo Fukuda in Tokyo, said a military takeover of Taiwan will not actually occur, according to the Japanese Kyodo News Service yesterday. Mr. Teng added that it is not a pledge. He also said
    AP  -  61 words
  • Article
    Belgian expert gives the thumbs-up for MRT scheme
    426 12  -  I By WANG LOOK KEAH A LEADING Belgian expert on urban transportation supports the Singapore Government's intention to introduce the mass rapid transit (MRT) scheme. Mr. Jean Vrebos, honorary secretary of Transcomet (Ministry of Communications) said an MRT scheme is of advantage,
    426 words
  • Article
    ICB raises prime
    46 12 INDUSTRIAL aii ftmmrrrlil vtlll raise its by sae percentage psist to IS per cent h the seesad time la less thaa it days that ICB Is fhMghg Its prime Iradlsg rate. Last week, It raised Its prime (ram 7 to 7JS per eeat.
    46 words
  • Article
    LONDON STOCKS
    732 12 LONDON, Wed. British Petiwleain and laeheape shares were the only features in an otherwise quiet market, dealers said. At 3.00 p.m. the Financial Times index was off 0.1 at 489.8. BP finished 12p down at 938 ahead of third quarter results due tomorrow while Inchcape eased to 306p
    732 words
  • Article, Illustration
    VISIT BY TWO FROM FNBO
    122 12 TWO senior executives of First National Bank of Oregon will fly in here on Sunday for a two-day visit. They are Mr. Dan Dinges, executive vicepresident and Mr. William Padgham, vice-president and assistant manager of the international hanking division. They will call on correspondent banks,
    122 words
  • Article
    US import tax waiver hinges on Gatt pact
    499 12 AMERICAN congressional approval for an extension of a waiver on import duties a key factor in the Tokyo Round of trade talks will depend on whether the Geneva negotiators can reach an accord swiftly on the major provisions of the proposed agreement
    499 words
  • Article
    Bright Thai prospects
    219 12 DESPITE an anticipated record trade deficit this year, Thailand's near-term economic prospects are bright, a report by the US embassy in Thailand says. The economy will experience a real growth rate of about 8 per cent this year even with a lagging agricultural sector showing a healthy
    219 words
  • Page 12 Advertisements
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Ships in waiting
        116 13 Reuter THE PRESIDENT of the All-India Port and Dock Workers' Federation, Mr. S.R. Kulkarni said that more than 200 ships were waiting for loading and unloading at major ports throughout the country after the just-ended port and dockers' strike. Mr. Kulkarni estimated the loss caused by the
        Reuter  -  116 words
      • Article
        BBS lecture
        86 13 BARBER Blue Sea (BBS) is holding a lecture for its agents and stevedores today. The meeting will cover a wide range of aspects all aimed at improving the line's services in view of the new tonnage it will receive. The BBS headquarters in Oslo will be represented by
        86 words
      • Article
        Lock icon Norwegian fleet
        79 13 Reuter NORWAY'S merchant fleet should fall by a net 2.88 million gross registered tons next year following an estimated 1978 decline of 3.30 million grt, officials at the Norwegian Ministry of Commerce and Shipping said. Last year, the merchant fleet totalled around 27 million tons. According to preliminary
        Reuter  -  79 words
    • Article
      Analysing risks in offshore rigs
      737 13  -  GAINING IN IMPORTANCE By RAHIM KASSIM RISK analysis is becoming an increasingly important factor for marine classification societies before they certiTy or verify offshore structures. Risks, when measured and understood, can be evaluated before the offshore unit is built. This will minimise the problems faced
      737 words
    • Article
      INDEX
      503 13 Sfclpptag Ltae P»«e CM Aconas fl 5 ACS n 5 Afea 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 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben
      503 words
    • Article
      Lock icon London wants EEC retaliation on Soviet shipping
      274 13 Reuter THE BRITISH government wants the European Common Market to retaliate against what it considers to be unfair competition from Soviet merchant ships in the absence of any understanding with Moscow. British Trade Undersecretary Stanley Clinton Davis complained in Parliament that the evidence
      Reuter  -  274 words
    • Article
      Lock icon London freight market
      194 13 UPI FOLLOWING several days of chartering inactivity, the market sprang to life particularly in the time charter section on Tuesday. Trips to the Far East were prominent on this sector with Chinese charterers very much in the forefront of chartering activity. China for instance took the Sacha,
      UPI  -  194 words
    • Article
      SHIPPING LIST where your ships are due...and when
      4402 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
      4,402 words
    • Article
      The Consortia
      128 17 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. wmmmmm 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
      128 words
    • Article
      Container Schedules
      905 18 S RECEIVING OF EXPORT FCL CONTAINERS 5 AND LCL CARGO AT CONTAINER TERMINAL iffB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line 1 Agent and is subject to change I (2) All export FCL containers and LCL cargo must be delivered to th<
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    • Article
      Who acts for whom
      914 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdi Bhd. Adriatic Container— Coi tainer Feeders. AFEA Line— Singapor Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah Alfred C. Toepfer LineIn termodal. Algerian National Lin (CNAN) —Unipacific.
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    • Article
      Rates expected to rise with oil price
      740 18 FAR EAST FREIGHT FREIGHT rates are steady but increases are planned due to the anticipated rise in oil price. More mergers in shipping can be expected as banks insist upon better operating results from owners. Opportunities are available for smaller craft both for
      740 words
    • Article
      Lock icon World merchant fleet grows by only 3pc
      656 18 AFP THE WORLD merchant fleet showed its slowest growth for 10 years over the 12 months ended July 1, 1978, rising just 3 per cent (12.3 million tons gross) to 406 million tons, statistics from Lloyd's Register of Shipping showed yesterday. In 1977,
      AFP  -  656 words
    • Article, Illustration
      SHIPS IN PORT
      308 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Melati (1300 after Anton Chekov) 35/36 Bunga Setawar (after Kim Ann) 19 Centaur (1300 after Dona Montserrat) 1/2 Kota Mawar (0600 after Kota Cahaya) 10/11 Lumut (1800) 21 East Maritime Shoun (1700) 15/ 16 Nedlloyd Westerkerk (0630 after Frotario A Anton
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      503 13 Barber Bkae Sea DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barbei Lines Singapore Pte Ltd Tel 9265 1 Harrisons Crostield Kuala Lumpur Tel: 200S»1» Pernas-MISC Penang Tel 623t6 .1A R 1)1 M AN I AH Orient Overseas Co*Ua*teA Line FULLY CONTMOtSED SERVICE TO EUROPE (VIA SUEZ) CKVUER RO2E
      503 words
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      Page 13 Advertisements Column 2
      303 13 SI SEALORD ANTAH UASC UNITED ARAB SHIPPING CO (SAG) ■ARABIAN GULF WEEKLY SERVICE S pore Loading for 30/11 Dammam (12/12), Kuwait (15/12). Bandar Shapour (18/12), Abu Dhabi (26/12), Dubai (28/12) fcIBNSJNA 12/12 Kuwait (22/12), Damman (27/12) Bahrain (31/12). Abu Dhabi (2/1) Dubai (5/1) I AL RAYYAN 22/12 Damman (5/1), Kuwait
      303 words
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      Page 13 Advertisements Column 3
      740 13 SINGAPORE BUSINESS The P is ness Mogtui^e MAERSK LINE Fo. US Pact.c Gull Anani.c ang fcasi Canaoa T..,-.n FULLY CONTAINERIZED FAST DIRECT WEEKLY Motner VnM Singapore 1 It/ 1 14/ I W 1 a/ i a/1 V! i a/1 1/12 5/12 »/12 It/12 »/12 It/12 T #1 tu FO« East
      740 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      987 14 Hapag-Lloyd FULLY CONTAfOtSED TO EUROPE Car*(«ißa? 412 6/12 28/12 30/12 1/1 3/1 TtfM'ivfM 10/12 30 12 3/1 4/1 6/1 C*y «t Efct«» 12/12 4/1 6/1 7/1 (12/1) Osaka Bar 18/12 19/12 8/1 11/1 12/1 IS/1 kaugaMani 20/12 7/1 9/1 10/1 12/1 Eipreu 28/12 30/12 19/1 21/1 22/1 25/1 liverped Bit
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      Page 14 Advertisements Column 2
      490 14 :51§ borber blue Frwc US ATLANTIC US GULF 1 EAST CANADA Otc 14/ IS I DK 27/27 Ok 17/11 I OK 29/30 DK 2/3 OK 4/( npira Satmli New Tort StMnM 12-13/12 14-IS/12 15-17/12 IH9/12 19-19/12 I 4-4/1 I 20 2®/l j 4-5/2 I 29-21/2 22-23/12 7-1/1 23-24/1 M/ 2
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      Page 14 Advertisements Column 3
      571 14 FULLY CONTAIfRtSED Go one betttr to the Mddte East PRIORITY BERTHMG I DISCHARGE AT All PORTS AMAX MARIO COLUMBMLAND ALSO ACCEPTWG CARGO FOR BAHRAIN ANO ABU DHABI FSSI Kim /NiPPinG v TPftoinG pte ltd. Km r| T ,ei KMSPCED RS ***** Tel *****37 *****11 EVERGREEN LINE (EVERGREEN MARINE CORPORATION) FAR
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      Page 14 Advertisements Column 4
      875 14 Everett Lines IB i Iwn Fhrt Star Shippwg Corpn. "BURMESE NATIONAL LINE" IORMC FOR RANGOON V 3 Ok B F.S.S.C Agents in Malays* TEPS MALAYSIA Port Keiang Tel (38) 7355 Penang Tel *****/***** Comptnia Argentina Da Havncioa Intarcontinanul S. A. C.I. F. I "ARGENTINE NATIONAL LINE" MONK f« WMf riKIM
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      Page 14 Advertisements Column 5
      934 14 < A s > A A j SANKYO LINE AUSTRALIA SERVICE P XeUnf Snciparc Load** fo TMUt STAR. MAY SKY.. DMMOWSTAR. 17/11 Otc 15/16 OK SVD, MEL. AOEL 11/15 OK 16/17 DK GERALDTON. FREM ado. 21/30 DK 21/27 OK SVD. MEL. ADEI BANGLADESH SERVICE M PORT SAILED CHTTAGOH6. CHALNA GENERAL
      934 words
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      721 15 OCL Overseas Containers Limited CONTAWERSHP SCTWCt TO UK/CONTtNT Car*. Re, Tata E«r*ti C*» e» EMwfk OUkt Ray (<M|a tan 1»»" It la 10 let 12 Fab UFA 1( Fat I COHTUOSHP SERVICE FROM UK/CONT>CIfT It I 6 "1 B<w R fem Ma»re S ton PKelang Spore Nnt Porh M S<M
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      Page 15 Advertisements Column 2
      818 15 GRANARD LINE RELIABLE DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDITERRANEAN S pare P Kelang Penang tar: M» MM «AM V 2VH U Dec It Dec 19 Ok Dpbont. P Said Aie>.andria Beirut Lattalua Pueaus *M MM FUNG V 21* 5 tan 7 tan tfipok Benghai Istanbul J tan PSaid Aleiandria
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      Page 15 Advertisements Column 3
      840 15 to wort Cardgan Bit T*» «y a* EM* Osaka Bjt BENLINE CONTAINERS EXPRESS CONTWO SERVICE TO/FROM EUROPE HBURG B HAVEN R OAM HAW S pore P Mang W Germany Austria Antwerp Franee i 4/12 C/ 12 a/17 30/12 1/1 VI 11/12 *12 1/1 4/1 4/1 (t> 12/12 4/1 1/1 7/1
      840 words
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      Page 15 Advertisements Column 4
      270 15 r Scan Dutch 9 ken i: i i i»i i: rvjf y Nedlloyd Lines Fammu «/i COWMTOMi MU UQND UMBB 10 MSTIMJA in aMoa NEW ZEALAND/FUJI SO AKLAOt SBFSMAKTU SB MBTDSMN IB)F«/Uni ivi »/i a/7 v Ok 31/ lan 1 Sydney Mettournt LOADING FOR Seaport Ok 11/11 F* Auckland Ok
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      Page 15 Advertisements Column 5
      499 15 GUTHRIE BOUSTEAD agencies THE BANK LINE LTD. LOADS FOR E. S. AFRICA *WMgl OwfeM (I ft.. S »0f« 2/1 Ok P Mang 7/11 toe FROM EAST!! forim star P K«a«g 2/1 Dk Spot? f KMng h P»Vt Ok Spore 7/U Dk EXPRESS SERVICE MRECT FROM SINGAPORE TO NEW ORLEANS. MOBILE.
      499 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      953 16 t" K line KAWASAKI KISEN KAISHA. LTD. (VIA SUEZ by Contaner Vessete TO EUROPE cnewer ios hn CPTUKfCMt 12W memo* Ml OMENTAL CWf 12* S pore PKe I 2Dk 30 11 Havre H burg 121 Occ 23 Ok lOK 10 Ok 26 Ok 31 OK 19 Ok 20 Ok 7
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      Page 16 Advertisements Column 2
      1002 16 U.S.A./EAST CANADA SERVICE ACCEPTBB fa/ia CONTAKJB FROM PENANG P NELANG. STORE lo**g tar NEW YORK. CAMDEN. NORFOLK Penang Betawan P Mail S«*apore MVA MM (MBA- 27 SO) 7/9 Ok 11/11 Ok 12/13 Ok 14/lf Ok E.C./GREAT LAKES SERVICE Load* tar NOtfOU. «W TOM. MONTREAL TORONTO. UNTMU.it. KTlOn. CHCAGO Penang Benwan
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      Page 16 Advertisements Column 3
      690 16 NOL NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FUUV CONTAINERISED SERVICE TO ElUOft tm afit: S pore P Aeiang S ton Ha«re H burg 6'Wr R dam EPTUN PEARL CRCATOR I 0» COOT WO researocr iEHNSEAS IDK lIDK 19 DK DK 2« DK 27 0K 30 Dk 31 DK
      690 words
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      Page 16 Advertisements Column 4
      635 16 22 MALAYSIAN INTERNAT/ONAt SHIPPING CORPORATtON BCRHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WEST BOWfc feedet *P Kelang Vessel S pore 1) MseiHes Rdim 3) Hburg 4) Gburg ELEANOM SaM RITLAIUA 4/12 17/12 22/12 24/12 2C/12 nmaSCA 1/12 *D DELFT 12/12 2S/12 31/12 2/1 3/1 FRANCESCA 14/12 SCI MOM 21/12 3/1
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      Page 16 Advertisements Column 5
      879 16 t INTRfISEfI (PTC) LTD. F «<bP' House 234E O'Cha'd Road Singapore 9 Telephone *****11 *****57 Tt I*Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P Kelang Loadng for GREAT BRISBANE VOY 10A_ 4 Dec 1 Dec Brisbane Sydney Melbourne Adelaide s*gap«t WMsajni) no ?js»u nous i*mi L"P» 10 SMPffK I TUOMC 4M444 *****2.
      879 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      67 17 W&L GERMATRANS SHIPPING lINF (NORWAY) Generol Agents Seolion Shipping (S) Pte Ltd Customer Service Tel. *****58 Singopore Tel *****81 (8 Lines) Terminal Tel *****91 P Kelong Tel *****9 Penong Tel *****6/8 OCEAN CONTINENTAL ENTERPRISE PTE LTD Room 610, 6th floor, High Street Centre S pore 6 Tel: *****/*****/***** REGULAR SAILINGS
      67 words
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      Page 17 Advertisements Column 2
      229 17 ANHSING LINE REGULAR SEM-CONTMNER/UO SERVICE S pore P. Ketaf Penang Loadnf tar: UNO* W*H In Fart Jeddah •WO* BOSTON 5/ 6 Dcc Jeddah WtON YENBO Saied Jeddah •Accepting Container LORD STEAMSHIP CO. S.A. V TAIWAN/STRAITS/TAIWAN EXPRESS LKR SERVICE Loadng tor Port Keiang, Penang, Keekng. Kaoshung STORE P.KELAMG PENANG TAINAN LOON
      229 words
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      Page 17 Advertisements Column 3
      164 17 KARLANDER (AUSTRALIA) PTY. LTD. Mcpcndcnt repfcr conl titer smice from East Austral*) parts OUMOfBSTMI KTOTIN MMU TIM STM 7/9 Ok 14/15 0* II Oft 23 Ok It/17 1* Agents: Seaport HARPERS SMPPMG T«L *****00 P. Kcimf PERNAS-USC T.L PR *****1/4 *1 *****4 OKAI UNION SHIPPING^ 26th Floor UIC Building. Shenton
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      Page 17 Advertisements Column 4
      118 17 SHIPPING NOTICES m.v. "VISHVA MAMTA" VOY: 10 arrived 26th November. 1978. at P.B.A. God own No. 44rGeneral Survey of <«- maged cargo ex the absve vessel will be held on Monday 4th December, 1978,• as from 9.00 a.m. to 5.00 p.m. No further survey will? be held after this date.
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