The Business Times, 1 December 1978

Microfilm: NL9923
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 FRIDAY, DECEMBER 1, lfR 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      UMBC raises prime
      38 1 UNITED Malayan Ranking Corporation has raised its prime rate from 7 to 7.25 per cent today. It has also pushed up its 12-month fixed deposit interest rate from 5 per cent to 6 per cent.
      38 words
    • Article
      Lock icon Ohiro's cabinet plan
      69 1 Reuter. TOKYO,Tbur. Mr. Masayoshi Ohira, Japan's next prime minister, plans a virtual clean sweep of all present cabinet posts when he assumes the pwofeililp next Wednesday, his aides said. Ohira has already started talks with aides tai the formation of his first cabinet following Prime Minister Takeo
      Reuter.  -  69 words
    • Article
      Lock icon At loggerheads
      97 1 Reuter JAKARTA, Thurs.— Timber producers in Southeast Asia may have new customers if Japan, South Korea and Taiwan do not adjust the price structure for South Sea logs, Sabah Chief Minister Datuk Harris S&Deh said today. South Sea togs had been grossly under-priced in comparison to similar qualities
      Reuter  -  97 words
    • Article
      Lock icon £151m loss
      115 1 AP LONDON, Thurs.— The nationalised British Steel .'Corp. announced yesterday it lost £151 million (***** million) in the six months to the end of September. But the loss is leas than expected and less than the £201 million lost in the same period last year. The British Steel
      AP  -  115 words
    • Article
      Lock icon Minor change
      54 1 Reuter CANBERRA, Thur. Australian Prime Minister FTaser today announced a minor cabinet reshuffle aimed at more effectively restoring the econsmy and attacking unemployment. The Department of Employment and Industrial Relations was spUt and the Environment, Housing and Community Development Department abolished. There were no new faces or disnge
      Reuter  -  54 words
    • Article
      Lock icon Sabeno wants more
      53 1 AP. BRUSSELS, Thur. Belgium is pressuring Japan to allow more flights to Tokyo for Sabena, its national airline, company sources said. The airline wants one more flight via the North Pole route. Sabena flies twice a week to Tokyo, with only one flight via the shortest North
      AP.  -  53 words
    • Article
      Lock icon Dow Jones
      88 1 AP. NEW YORK, Thur. The Dow Jones industrial average, which nhimmetted 14.03 points on Wednesday and 9.70 points the day before was up 0.95 to 791.06 half an hour after the opening. But issues led advances 3 to 2 among New York Stock Exchange-listed issues. Trading was nervous
      AP.  -  88 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      110 1 Rises Most Active gcilc 670 TOO 070 510 +70 16 +10 +10 S Darby H Par 422,000 348,000 Wear-Ms 123,000 156 +8 UOB 115,000 inauc* 360 tm no 560 316 310 +6 Total Turnover: 2.42m NtflM Cot IP* +6 +5 +4 +4 Total Value: $5.69m Indices PAN
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    • Article, Illustration
      In Kuala Lumpur
      131 1 Rises Most Active SgBcsi A Amal Efcrjuntai Reoon# OCBC c* c sSf Srt Nuts Oriental D Baby Gold Coin S£ Prop Smtxxm (11) 685 484 OS an 765 450 510 sn 0.T6 256 438 Falls 115 174 145 +25 +34 +30 +1« +15 +14 +10 10 +08
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  • Article
    Refinery three seek US$90m
    659 1  -  PSA IN BUOY TALKS By RONNIE LIM OFFICIALS of the proposed refinery consortium of three Singapore oil companies are shopping around the banks for over US$9O million (about Ssl96 million), roughly the sum that would be needed to expand the refinery at Pulau Merlimau. A first
    659 words
  • Article
    Deadline today for Hong Leong's move
    313 1 TIME is running out for Hong Leong Finance if it intends to revise its offer again in its battle to grab a controlling interest in Singapore Finance (SinOn). By today, shareholders of Sinfin will know whether Hong Leong's latest offer of 92.60 cash plus
    313 words
  • Article
    Canada bent on imposing textile quotas
    697 1  -  f FONG MEW LENG CANADA will impose quota restriction* on Singapore's textile and garment exports from Jan 1 even if a bilateral trading agreement is not finalised by then. This will mean that local garment and textile exports including acrylic yarn, snowsuits, ski-pants, jeans,
    697 words
  • Article
    Lock icon Meet again by May
    62 1 Reuter A UNITED Nations conference in Geneva has failed to agree on some principal elements of a proposed multi-million dollar fund to help third world countries by stabilising their commodity prices. Chairman Herbert Walker of Jamaica said there had been some progress, but further negotiations were
    Reuter  -  62 words
  • Article
    C & C caps roaring finish with a 1-for-2
    284 1 C C caps roaring finish with a 1-for-2 CYCLE ui Carriage jnterday aaaaaarti Ha tortever praflta pufeiaaaai il The mt«r ripny revnM tkat It caned $M milltoa far the year mM Sept lfS aad lateaia to reward with a eae tar twe scrip Tie itrnj ftadah aapperta gaed half-time preflta
    284 words
  • Article
    SCCI's new management clinic opens today
    368 1 THE MANAGEMENT clinic for small enterprises, set up by the Singapore Chinese Chamber of Commerce and Industry, will start operation from today. The clinic, established by the Chamber's education subcommittee, is to provide free management counselling services to its members, most of which are
    368 words
  • Article
    OCTOBER TRADE UP
    76 1 SINGAPORE'S External trade in October was 94.79 billion, a rise of 4.8 per cent from the previous month, and 19.9 per cent higher than October last year. The trade deficit, however, rose to $798.1 million, from $528.4 million in Sep- atember and 9625-9 million the previous October,
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      7 1 SAFE WITH AN ITOKI SAFE SE3E IWm.ll*
      7 words
    • Advertisement
      Page 1 Advertisements Column 2
      92 1 UVLi M.'.'.U. .flu* 1 Braun Synchron Plus Braun's Synchron Plus. For the n»an who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holea and slots. Platinum-coated to
      92 words
    • Advertisement
      Page 1 Advertisements Column 3
      5 1 wwra to Ike SHIPPING TIMES
      5 words
    • Advertisement
      Page 1 Advertisements Column 4
      54 1 rimwi TM nb hi V«r Hart sow Guthrie Trading Tel: *****5 I *****5 The perfect Christmas present Perfumes for vi omen n <icpcfrt Giri (*l t^oqne yfQT v men. Bali i DADI D 0 u* 7 1 First rst auii aug A .a V Created by J au' oi. PERFUMES
      54 words
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  • TRADE AND INDUSTRY
    • Article
      Help market products from India
      398 2  -  By WANG LOOK KEAH SINGAPORE'S marketing expertise is called for by India to help sell its goods to South-east Asia. India finds it difficult to export its goods because it lacks completely a marketing network, said Mr. F. A.A.Jasdanwalla, president of the Associated Chambers of
      398 words
    • Article, Illustration
      I'M ALL SET TO JET, YOU BET!
      174 2 PERHAPS Ike best reward far a businessman who has travelled mare than nee aronnd the warM an his eampaay's service waald be another ticket to send klm an another trip. Yet that Is precisely the reward far Mr. Stanley Campbell, who flew iSjflt
      174 words
    • Article
      Lock icon Room-our in Thai capital
      91 2 AFP FIRST CLASS hotels in Bangkok are expected to raise their room rates by about 10 per cent to 15 per cent as from the beginning of next year, informed sources reported yesterday. The move, to be officially announced soon by the Thai Hotels' Association, is
      AFP  -  91 words
    • Article
      Manila puts its foot down on shoes
      182 2 TAIWAN and South Korea are using the Philippines to channel more shoe exports into the United States, the Manila Times Journal said. The Journal said a Philippine government inter-agen-cy committee has been formed to look into the problem following a warning by the
      182 words
    • Article
      Big jump in pay for mining staff
      502 2 SOME 883 monthly-rated employees in 32 tin companies are expected to gain about a 15 per cent general Increase in salaries besides better conditions of service following the conclusion of a new collective agreement. The three-year agreement, which is to take effect from
      502 words
    • Article
      B'DESH AIR LINKS WITH KL LIKELY
      181 2 THE Bangladesh national carrier, Bangladesh Biman and MAS are in the final stages of negotiating flight schedules and other technical details to inaugurate direct flights between Dacca and Kuala Lumpur. A Bangladesh High Commission spokesman, Mr. Amjad Hussein said his country and Malaysia had
      181 words
    • Article
      Rubber bearings as protection against quakes
      392 2 THE use of rubber bearings to protect buildings against earthquakes will be among the many subjects discussed at a two-day seminar on Natural Rubber Technology in Kuala Lumpur. The seminar will be opened by Malaysian Primary Industries Minister, Mr Paul Leong, on Monday. Some
      392 words
    • Article
      MEMO PAD
      344 2 COURSES AND TALKS Oct 16-Dec 18 (every Monday): A detailed study of reinsurance and its role in the conduct of insurance business, sitc, srrc. Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, SITC Nov 30-Dec 1: Finance for nonfinancial managers, Hyatt, Price Water house
      344 words
    • Article, Illustration
      PHASE 2 AT TANGLIN
      162 3 STRONG demand for prime sßop and office space In the Road area has prompted the .(fcvetopers of Tanglin Shopping Centre to start work on its second phase, i. This is further supported b/ the success of the first P}®* of Tanglin Shopping Qehtre, said Mr. Chee
      162 words
    • Article
      C'wealth urged to help get Stabex off the ground
      617 3 MALAYSIA has called on senior Commonwealth officials now meeting in Kuala Lumpur to mobilise maximum international efforts so that the Common Fund for stabilising commodity prices is established by the tfme the Commonwealth Kefcds of government meet in Lusaka. "Anything less
      617 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      155 3 GRANT Kenyon and Eckhardt Singapore has appointed Mr DavM CaUte as an account director with the agency. Mr Collins comes from the United Kingdom where he has experience in brand marketing with Cadbury Schweppes and has worked in two advertising agencies in the north of England. Recently
      155 words
    • Article
      Lock icon Mining delay
      86 3 Reuter THE aboriginal people of the Alligator rivers region of the Northern Territory in Australia do not want any decision made on Pan-conti-nental Mining Ltd.'s Jabiluka uranium project, until the Ranger and Nabarlek mines had been observed in production, Northern Land Council (NLC) chairman, Mr. Galrrwuy Yunupingu, said
      Reuter  -  86 words
    • Article
      Lowest rates for car loans touted by AMB
      479 3 ASSOCIATED Merchant Bank (AMB) is moving swiftly to carve out a niche for itself in the car financing hutinfsi Two weeks ago, it began publicising a new car financing plan which offers probably the lowest commercial rate in Singapore. The AMB scheme,
      479 words
    • Article
      WEC leads race to sell 2 nuclear plants to S. Korea
      144 3 WEBTINGBOUBEEIeetrte Cerpsratlsa was the Milan tnm tuTSeta tana tries ta sapplj nsatk Korea with two aaelear power plants, vaJaed at 2»2) U sris! u Lfi2!i! Th«T C—butt— Engineering sf the Urtted States aad Fraaee's rraiatimti were alsa rated proaririag
      144 words
    • Article, Illustration
      From Brazil with smiles
      92 3 TWO BMHJNG Bradltaa (sees arrived la SUgapere this week ateag with theasaads d dallan werth af exhibits aad a premise ef Beath Ameeteaa hespltallty at Exps BrasU TB. Maria CeeUa Tjeedere da 811 va (left) and Dareie B»aw, bath from Saa Paaie, are here te wprta
      92 words
    • Article
      Market back to normal
      362 3 RUPIAH BLUES EASE TURBULENCE in the Singapore commodity market due to the drastic devaluation of the Indonesian rupiah has evaporated. Trading in most commodities has returned to normal with the initial uncertainties over prices dying down. But local rubber traders and dealers holding large amounts of
      362 words
    • Article
      JAPAN'S CUSTOMS SURPLUS FALLS
      175 3 JAPAN had a customs clearance trade surplus of US&S2.O9 million (3319 million) in the first 20 days of this month, compared with a surplus of $519.37 million in the first 20 days of October, and a surplus of 1599.41 million in the same November period of
      175 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      217 2 EXPO BRASIL 78 ii I Intel Singapore December 6-10 BRASH I he Brazilian Exhibition is sponsored by Ilie Brazilian Ministry of External Relations liamaratv I designers and contractors: Arquiprom Arquitetura, Promogoes e Cbmercio Ltda. An exhibition which presents Brazil the country, its people/its products and its culture. This, the first
      217 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      98 3 > A A\ IV i r v > 1 I he best a )gnac available is >i Ml agne 4*' 4^ premier cru. is Grande ague premier cru. >1 14 fI I V < < > < < n: (''!!>(■ |i it I It l\ MM !>;. A < M(
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      593 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Where to drink and see a gtrl with nothing on <«) 7 On which hen-fruit grow? (3-5) 8 City mall sorter (4) 10 Motorist on course (6) 11 Like Morden redeveloped (6) 14 After deductions, less than one-third (3) 18 Ate about two-fifths of
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      229 4 THE Singapore rubber market yesterday closed slightly lower with December One RSS buyers quoted at 238.00 cents per kilo, down one cent from Wednesday's close, dealers said. Morning prices were marked down about 2.50 cents on lower London ad- vices and local and upcountry,selling, they said.
      229 words
    • Article
      RAS PRICES
      353 4 Price* In cents per kilo yesterday: Noon (per kilo) Buyers Seiiers Int. 1 R.S.S. prompt f.o.b. 236.25 236.25S Int. 1 R.S.S. December 236.00 236.50 Int. 1 R.S.S. January 239.75 240 25 Int. 2 R.S.S. 233.00 234 OON UK Coot. 232.00 233 00N Int. 3 R.S.S. 230 00 *****N
      353 words
    • Article
      SSR and SMR
      94 4 NOON SSR and SMR prices yesterday: (Cam ■a yen ■t Mtk) i Mlen laaaary rwari Mtk) SSR 20 SSR 50 (l ion pallet) P*rkC> 237.00S "J (Ml 237.00 Pf k«) 239.00N (1-ton pallet) 233.00 235 00N 234.00 236.00N MRELB SMR 5CV (1-ton pallet) 256.S0 2S8.S0N 257.50 2S9.50N
      94 words
    • Article
      Closing prices
      32 4 Rubber: Nov 30 Singapore: Decern ben 238.00 cents (down 1.00 cent) Malaysia: December: 239.50 cents (down 0.25 cent) Tin: M 51,936 (up $19.50) Official offering: 237 tonnes (up 17 tonnes)
      32 words
    • Article
      Produce exchange
      399 4 DULL trading persisted in the Singapore produce market yesterday. There was a general disinclination to deal as many of the big buyers in the West remained generally withdrawn. Very little in the way of business was reported for most commodities including pepper and coffee. Stockists of the two
      399 words
    • Article
      Hongkong Comex
      185 4 SLUGGISH trading continued in the sugar futures market yesterday on lack of interest, dealers said. March was the only month traded, closing at US 8.65/80 cents against previous close of 8.60/8.80. Sugar futures closing prices: Cta-tag Preview CMag Jan 7.96 8.25 7.85 BJO Mch 865 8.80 860 8.80
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    • Article
      SPOT PRICES
      181 4 YARN and cotton In Hongkong dollars, spot ex-godown: C*»m yon: China Blue Phoenix 200 2.245, 33* 2.820. 40* 3,030 (per bole at 400 tto). g*»o*: China Butterfly and Globe brand unq; Dragon Heod unq; five Lamb* unq: Flower and Butterfly unq; Flying Geese unq (per piece X laches
      181 words
    • Article
      Tin
      191 4 THE Straits tin price in Penang yesterday, rose M 119.50 per picul to *1,936, $236 above the International Tin Agreement ceiling, dealers said. Despite higher tin supplies by miners, the market rose on strong buying following London's firm closing on Wednesday. Total turnover increased to 237 tonnes from 220
      191 words
    • Article
      Palm oil
      68 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Malaysian 5% ffa bulk per tonne Wednesday Previous January SMslr MSslr Sumatra S* ffa bulk November aospd 012'islr December unch SOSqtd January 900 802 ,pd SOSqtd February March MSflOOpd flOOqtd S05pd 002><pd unq unq Nigeria
      68 words
    • Article
      Rice
      188 4 BANGKOK rice prices were quoted as follows yesterday: (hi US dollars per toone FOB basis Bangkok) •Ml* rtse: 100 pet Ist class 340. 1M pet 2nd class 325. 1M pet *d class 330. 5 pet 313. 10 pet 2M, 15 pet 38, 30 pel 300. 25 pet 275, 35
      188 words
    • Article
      Coffee
      121 4 ROBUBTA futures ended a quiet opening steady in London yesterday, unchanged to £1 per tonne from Wednesday in sates of 127 lots which included 27 cross trades in January. Trade house activity held spot Nov and T-»n around overnight levels while local dealer buying lifted deferred months with March
      121 words
    • Article
      Sugar
      157 4 RAW sugar futures ended the morning £0.65 to £0.15 per tonne higher in London yesterday. Turnover totalled 772 lots. Values held steady for most of the morning on trade and commission house buying in the near March position but otherwise the market was quiet. The London daily raws and
      157 words
    • Article
      Cocoa
      137 4 COCOA futures optatd £2 higher to £13 per tonne lower in turnover of 84 lots in London yesterday. The market becan ntkif hesitantly after Wedneaday's late ratty aad the steady cloae of New Tart but there was mo freak news to encourage follow buying interest aad values easied back.
      137 words
    • Article
      Gold
      322 4 GOLD futures wen little changed in Singapore yes I terday after an easier open ing reflecting lower over seas gold prices, dealer: said. 5 Trading was quiel throughout and turnover fell to 75 lots from 130 lots on Wednesday with activity centred on February, April t and June while
      322 words
    • Article
      Zinc
      30 4 ZINC was unchanged for cash and up £1 for three months IN London on Wednesday. The afternoon niarket was virtually neglected with the bulk of business stemming from carries.
      30 words
    • Article
      Aluminium
      24 4 ALUMINIUM closed up £3 for three months at from £611 to £612 IN London yesterday. Afternoon values were steady in light twoway dealings.
      24 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        475 4 THE US dollar made some gains on the yen despite the latest US trade figures which show a widening deficit. While the dollar managed to hold its ground against other cu-rencies, it was traded down against the local unit. Opening firmer at 197.35/ 45 against the yen, the
        475 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their beat customers is 7.5 per cent.
        21 words
      • Article
        Asian $ rates
        174 4 Asian rates ASIAN currency deposit Interbank rates as at close on Nov 30: Sf-SP 7 days 10 1/1® 915/16 1 month IIVM 113/16 SmonUu ll> u>. 3 months U 13/16 11 11/16 months 12'• 12 months U 14/16 1113/16 12 months ir. n«. 1 month 3 months monim 12 months
        174 words
      • Article
        Discount
        45 4 R»(e of price* offered by discount bouse* oa Nov SO; Oversight —4* Call deposit* 4* CM« IWy»e SeMmc 3 month Treasury bills 4 3-. 3 month Bank bills 7'. 7 3 month CD 79/16 77/16 «month CD 7*. 7>. Source: National Discount Co Ltd.
        45 words
      • Article
        Zurich
        41 4 ZURICH exchanges closing quotes on Nov 29: US 1 7190-7215 Stg US56-JH2 Can 14MMS71 Dmk V «144C1S FTr 1KIMIIIS Btr MMi DkrSJfiMUtX Nkr S.*****MS Skr X 7424-QC Ut IXUV Aw OM-1M Port MS7447« Spain 2 «l*-«070 Anrt.1-37 Yrn 0 87S4-87B
        41 words
      • Article
        London
        176 4 THE dollar opened barely changed againast most major currencies except the yen in quiet, featureless foreign exchange market trading in London yesterday, dealers said. The dollar opened at 197.70/80 yen, in line with Tokyo's closing 187.80 but up on its London closing 196.60/ 80, while against the mark it
        176 words
      • Article
        New York
        199 4 THE dollar in New York on Wednesday closed weaker than Tuesday night in moderate trading, dealers said. It fell from the opening on news the US trade deficit rose in October but recovered a little, aided by New York Federal Reserve Bank intervention, they said. The mark rose
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      • Article
        Tokyo
        195 4 THE dollar for overnight delivery in Tokyo yesterday closed slightly higher at 197.80 yen, compared with a 197.30 opening and 197.60 at Wednesday's close, dealers said. The US dollar strengthened in light late trading on sustained dollar buying by Japanese banks to adjust positions and import covering by Japanese
        195 words
      • Article
        Hongkong
        151 4 THE US dollar rose in fairly active late trading in Hongkong yesterday, in line with Tokyo, dealers said. It firmed to 197.85/188.00 yen on continued dollar conversion of a 50 billion yen bond by the Australian government, from New York's 197.50/65 close and its 197.15/25 opening in Hongkong. It
        151 words
      • Article
        Australia/NZ
        54 4 AUSTRALIA/NZ exchanges quotes yesterday: US dollar 1.1X7 1 L23S Sttrtint O.set 057* Ninety-day air mail buying rate*: SierUng 0 t»l US dollars 1 IT* Ninety-day forward buying raws Slerling 05SW US dollars 1.1424 New Zealand Sterling 0 5*7 IJH US dollar 188* 1*4)5 "a***- day airmail b»yto« rates Sterling
        54 words
      • Article
        Frankfurt
        38 4 FRANKFURT exchanges opening quotes yesterday Can I.MN stgiimm rxi m Sir 111 JO 50 Lit 2.X 27 F7r 43.50 01 -'T Nkr r5O SI B»r can 4JS 31 Bfr fin t.WI 00 n Yen 0 *m 35
        38 words
    • Article
      Copper
      230 4 COPPER wirebars rose by £3 for cash and £13 for three months In London on Wednesday. The afternoon market was steady on covering indoced by the tone at New York with three months trading up to £773.5 on the kerb. The early morning premarket softened in sympathy with the
      230 words
    • Article
      Silver
      140 4 SILVER on the LME was down 1.9 pence in London on Wednesday. Afternoon values picked up slightly in line with US futures and a turaround in gold. Three months traded up to 3112 pence before profit-taking pared the position to 311.9 pence on the kerb. Morning values were marked
      140 words
    • Article
      Lead
      42 4 LEAD gained £16 for cash and £11 for three months DM London on Wednesday. After lunch the morning advance was extended on further covering up to £404 for three months although profit-taking trimmed the 1 position to £400 on the kerb.
      42 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      99 4 From today... one more IDD Destination: Papua New Guinea Country Code 675 Charge per block of 6 seconds $0.75 Other IDD Destinations are Andorra, Australia, Bahrain, Bermuda, Canada, Cyprus, Denmark, Fiji, Finland, France, Federal Republic of Germany, Hawaii, Hong Kong, Republic of Ireland, Italy, Japan, Republic of Korea, Kuwait, Liechtenstein,
      99 words
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  • OVERSEAS
    • Article
      Lock icon British firms seek legal advice on sanctions
      359 5 Reuter. BRrrisri employers have deckled to seek legal advice on whether government sanctions against Ford of Britain were legal. Prime Minister James Callaghan's Labour government has announced it will place no orders with the company for 12 months a move which could cost
      Reuter.  -  359 words
    • Article
      UK seeks complete revamp of EMS
      634 5 SYSTEM TOO LIMITED B RITA IN will stay out of the proposed new European monetary system (EMS) unless substantial changes are made in plans for the arrangement at the Dec. 4-5 Common Market summit meeting in Brussels, Chancellor of the Exchequer Denis Healey told
      634 words
    • Article
      Another steep dollar fall spells crisis
      509 5 WHILE the short-term prospects for the US dollar seem favourable, if the dollar again depreciates to intolerable levels the crisis atmosphere could lead to controls on trade and capital, Mr. Carlos Canal, executive vice-president in charge of international banking at Bankers Trust Company, said
      509 words
    • Article
      Revolutionising weaving
      117 5 A REVOLUTIONARY weavtog Imb, *1® prsdarltoa capacity eqoal cxtotlag Hi'develsperTfcwtteyWeavtog Macbtoery, part ef toe tan Mi Beatiey •■ftoeertog P*P, h beplag to reverse toe pert war tatoe to toe Brtttob to—balldtog todastry to toe face *< toreiga r«mprUU*fl. 1W macbtoe, to be aaamd OrWt, to based ea aa
      117 words
    • Article
      Bank secrecy laws to stay
      61 5 DESPITE foreign criticism and a recent spate of bank scandals, the Swiss firmly oppose any relaxation of their country's bank secrecy laws, a public opinion poll conducted for Credit Suisse noted. The poll showed 65 per cent of those interviewed were in favour of retaining
      61 words
    • Article, Illustration
      Building up a bright future
      59 5 SIXTY Wsiwti s< BrMgewator High Sehsel la Hshart, capital sf Tasaaala, are halMlag their swa hsase as part st a sehssl prsjeet. SapenrWßg teacher, MrJtha Dsehcr saM the prsjeet FwIM the sntlnllis fsr stadeata to lean the hatoe sUtesf thei sschri hi mam QeeaHMSylaltt,' ■ialeat
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      710 5 ARRIVALS Service Local Operator Number Time From MAS MHS21 0840 PEN BIAS MH607 0845 KUL MAS MHS71 0845 PEN/KUL CPA CX710 1005 HUP RBA BQZ3 1030 BWN GIA GA980 1030 HLP SIA SQ1Q3 1045 KUL SLA SQ209 1045 HLP MAS MH605 1045 KUL GIA CAM4 1055 PKU
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    • Article
      Call to sort out capital goods muddle
      140 5 THE European Commission yesterday urged the Council of Ministers to lay down clear principles for sales of capital goods to developing countries. It stressed, in a communication to the council, that European dealers with the backing of national measures to aid exports Were
      140 words
    • Article
      Soviet pressure on Paris
      373 5 THE FRENCH government is resisting pressure by the Soviet Union on proposed weapons deals with China that could result in orders of up to US$9OO million (551,980 million). Also at stake are billions of dollars worth of orders for French civilian industrial equipment, notably two atomic
      373 words
    • WORLD IN BRIEF
      • Article
        Lock icon EEC STEEL OUTPUT
        474 5 Agencies. THE EUROPEAN Commission expects 34.1 million tonnes of steel to be produced in the Common Market in the first quarter of next year, compared with 31,000,000 tonnes this quarter. French production is put At 5.94 million tonnes against 5.35 million for this quarter. For West Germany,
        Agencies.  -  474 words
    • Article
      Lock icon License foreign banks in Canada move
      87 5 Reuter ROYAL Bank of said foreign banks should be required to obtain an »"mnil license to do >»»«<■»«— in Canada. It told a parliamentary committee studying the Bank Act this would insure Canadian banks operating abroad get reciprocal permission from foreign governments and leverage
      Reuter  -  87 words
    • Article
      Lock icon Instability in Middle East worries US
      264 5 Reuter US ENERGY Secretary James Schlesinger stressed on Wednesday the growing concern of the US at the increasing political instability and spread of Soviet influence in the Middle East the oil lifeline of the West and Japan. In a speech to the Pilgrims' Society
      Reuter  -  264 words
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      Page 5 Advertisements Column 1
      108 5 SINTAT Rent-a Car i I lit .ap o «f 1 8066C--1 Tfc i i -b Coll us for your loco! or cnword reservotions I Sfep out in style this Christmas In a p.*slr of hiqh fashion shot l trom Anv-nca r a Come an.l see thf latest reaiton: by the
      108 words
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  • Article
    New chapter in the education system
    367 6 SINGAPOREANS, long used to the short-winded experimentations of the Education Ministry, will doubtless react to its latest "plan" with a great deal of scepticism and not a little impatience. It looks Uke another impulsive tinkering with the large and unwieldy machine that passes for
    367 words
  • Article
    Businessmen should breathe easier
    204 6 CONTRARY TO the prophets of doom who have been forecasting a severe recession next year in the US, the latest results from the order books of American companies stand out like welcome sunshine in a sea of darkness. The reports from manufacturers and businessmen, usually excellent
    204 words
  • Article, Illustration
    Nothing succeeds like success
    1553 6  -  SIME DARBY was very much in the limelight recently for its change of auditors and, before that, for taking up $475 millionworth of credit. This is a conglomerate that believes in doing a dozen different things at the same time and the person who is almost
    1,553 words
  • Article, Illustration
    Lock icon Washington Star Wars
    590 6  -  By WILLIAM SAFIRE NYT WHEN THE lime-Life empire (ealee: IJt MUUa) teliw war aa the Waabtmgttm Past-Newaweek empire (ealee: 4S« milUsa) that's aews. Altheagb smepsitod by the mkunmi press seetfoas af Time er Newsweek, the metis war brake wt neeatly wbea the WasNagtea Star parehaeed tMs year
    NYT  -  590 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      158 6 A Fa .V«, -i a®*# 5 f v eft F cn Come and Labatera. w templing a la carte. Thachoica la yours. ForahaartymaaLawayfiomaNthahuatlaandbuatta Thaia's no battar piaca man tha Ficus Raataurant at Apoiio Samoa* cs» I ovy %<orr Hot* 9mm Hotel Royal-RAMAIW Nawtoo Road. Singapore 11, Republic ot Stnoapore Tatephooa:
      158 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 OUTLOOK for Singapore from 6 a.m. to noon today: Occasional showers in late morning. Bflfart for U hwa prter to 7M pan. h N«v SI at Mm airpart: Maximum temperature 31.4 c Associated humidity 62 Minimum temperature 23.3 C Associated humidity 97 Hows of sunshine 6.75 Rainfall in millimetres Trace
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      229 6 SINGAPORE 5 PM Opening announcements followed by Housewives' Matinee Fam Lai Fah (Chapter R —Repeat)A Teochew feature film Intermission Opening announcements followed by December Bride Duck Hunting News in Brief* The World Of Sport Prix des Nations* Persembahan Ku (Malay—Repeat)* 7.30 News and Newsreel in Malay* 7.55 Sports Parade (English)*
      229 words
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  • Article, Illustration
    Lock icon Tradition fuels the population boom in Taiwan
    605 7  -  By LIONEL TSAI Reuter TAIWAN'S economy may be a real success story, but economic planners can hardly sleep soundly at night until the island's population problems are solved. Family planning officials forecast that the population of Taiwan, a rugged, mountainous island the size
    Reuter  -  605 words
  • Article, Illustration
    STRAWS IN THE WIND
    153 7 EXPORTERS of exotic tropical fish have nature on their side. They always under-declare to the customs men the number of little fish they are sending off in tanks. And the poor customs people, when confronted with 500 wriggling little fish, find it very hard indeed to
    153 words
  • Article
    Japan goes all out for more oil
    1038 7  -  STOCKPILE PLAN STARTED AS AN Opec oil-price increase looks increasingly imminent, Japan is looking to new source areas, including Indonesia, the Philippines, Malaysia and Vietnam, as well as Alaska, the Arctic Ocean, West Africa and South America. This month, the Japanese government will
    1,038 words
  • Article
    Supersnake: Why Britain won't play
    690 7  -  (FORUM r ...with John Drysdale WHEN NEXT Monday's summit conference on the European Monetary System (EMS) is over and Britain, as it now seems likely, will be seen to have politely opted out, ranch also will be made of the "fact" that Mr. James Callaghan
    690 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      286 7 "B You 11 torn, like royalty at the Rang Mahal. Palace of Colours On our daily menu are the tame gourmet favourites once low) by Mogul Kings at old. Tandoon We look after you better I. Jriaa ti—fcia. *fi| i Td S7I4SS. CaMr [MKRHOTEL THes: OSHOTLL RS tICM fwmiMn afe*
      286 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      53 7 Bj±StoW'.'Fra2^:l)ictos SSSS SORRY, mR. e>RtS"»Ou> I*l fcOSY vr tmc ud rue ck V 9? 4 lN op fbewee -the. OCG^MISRTON "ptoses tmg P*ND CvA\CPtNeR.Y of Bie> Boys upstwrs T t F,Rrn ,N ,rs iruc light ft Bunch ROGOCS PW ViIISW S J nie wHy-rne>j LCT fIEJetfSOM of PUBuC R£LPiT»oi4S U3RiT£.
      53 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Spotlight falls on large-capital stocks
      569 8 LARGE capital stocks yesterday such as steel, light and heavy duty electrical and chemical Issues were heavily traded by the major brokerage houses. Matsushita Elec. advanced, pushing up other blue chips. Turnover and total sales were relatively large. In the morning session, incen-tm-becked issues such
      569 words
    • Article
      Hongkong
      307 8 *r PRICES edged higher on light trade yesterday morning, with apecfel interest in second liners like EAN up IS cents to HKM 90. China Engineers 10 cents at 12.00, Wlnsor up 7H cent at $2.77 and Wing Tal 7W cents at $4.10. Early interest gave way under light pressure
      307 words
    • Article
      Sydney
      363 8 THE MARKET row in afterSoon trading yesterdaj Market leaders set the^ trend, with BHP gaining eight cents to AJ8.46 and the ANZ five cents to $3.85. Speculation among property stocks steadied after earlier gains this week with Westfield steadying at 18.14. CSR continued its steady rise, trimming another two
      363 words
    • Article
      Bangkok
      307 8 THE MARKET yesterday closed mixed with losses in the majority and trading moderate. Raja Finance fell 100 baht to 2030, Bangkok Metropolitan Bank 57 to 1595, Asia Credit 30 to 636, Bangkok Bank 24 to 418 and Mah Boonkrong Drying and Silo 70 to 996. Other lawn included Siam
      307 words
    • Article
      Selected Indices
      61 8 FINANCIAL TIMES INDUSTRIALS Wednesday 488.9 Tuesday 484.9 Week Ago 478.0 DOW JONE8 AVERAGE INDUSTRIALS Wednesday 790.11 Tuesday 804.14 Weekaco 807.00 LONDON DOLLAR PREMIUM Wednesday 77 to 77 W Tuesday 77 3 to78>4 H.K.HANG SENG Thursday 499.43 Wednesday 497.04 Week ago 503.70 8YDNEY INDUSTRIALS Thursday 447.15 Wednesday 446.34 Week
      61 words
    • Article
      Deutsche Bank
      50 8 DEUTSCHE BANK hu confirmed as lead manager that Oesterreichiache Kontrollbank is planning a 100 million mark Eurobond with a likely 10 year life, 6Vi per cent coupon and par pricing. The issue is guaranteed by the Republic of Austria and final terms should to set on Dec 7.
      50 words
    • Article
      Sears cuts spending on advertisements
      99 8 SEARS ROEBUCK and Company, the largest US retailing firm, has said it expects to spend US$4B2 million in advertising in fiscal 1979, a 7 per cent cut from the 9519 million being spent in fiscal 1978. Mr. Gar Ingraham, vice president-retail sales, said the 1979
      99 words
    • Article
      Jo'burg
      189 8 OOLD*M«Mn wry qmtH towh[m~ 'n I***** immm ■•Wii MM wMU PM jjjj" IN* to M mh *OV Rand Unch -4 unch cS«— ♦18 unch to -2 l?i-rfnri unch unch Ed«an E»eready radVolk ruflt -8 18 unch Otrtitr Olenanl Ortumn Hippo Hmkl tifyh HuJetU ♦8 Lonrho LTA ♦8 M And
      189 words
    • Article
      Zurich closes steady
      430 8 EUROPEAN MARKETS PRICES were steady on Wednesday, dealers odd. Swissair bearer edged higher in 'transports. Banks, led by Swiss Voksbank, improved while flnancials and insurances closed narrowly mixed. Interpan eased following its annual report. Among industrials, gainers included bearer shares of Saurer, Clbs-Geigy and BBC. However, Nestle
      430 words
    • Article
      Zurich
      155 8 NOV Pram Aruoiu Sulaaa* m •1 Aluaulaae Br mo unch AluaulaaeKm. Brown Bowl Br m 10M -1 -0 Ota (Mo Br. 10M ♦It CltaOe«rC »2S ♦s «BBrr^Br3 Credit Sulae Rag ■M Bekirovatt Br 11*0 Oaorft Plschar Br MO unch OlOtlUl PC 43SB Hero Br rma Hoffman-La Rochel/10 «23 unch
      155 words
    • Article
      Amsterdam
      210 8 nov m ABN AhoM Akao AMKV Ainfu ru sm oo uneh 109 00 -2.9 SJi -0 9 •tat -14 103 SO -1.5 ST".::::::::::: i Bota 1 a io -i M 00 ■.so 09 1.* 1.S Burhmann TJ SO 14 Byenkorf I Clin Dein DtttMlj 1 Knnla n oo -a
      210 words
    • Article
      Paris
      246 8 Nov» rr» COKBUUK SSiSSSii Danonc 551 ♦3 C 8 T (Thomson CM) 3*1 CteFrancalae detPMralM 13* 41 Compa*nic Financier* Compafnt Ocncral* 3M -4.1 Credit roncter Dc Franc* *30 20 4J Hachette (Ubrmirtc) 238 ♦I Machine* Bull S2 40 -0 3 Mlchrlln (B) 1234 Partbaj 188 80 -0« Pechlnay Clftnc
      246 words
    • Article
      Milan
      99 8 Nov n Urt Ante 30.2S -6 75 Assoc o*n 36.706 -480 Butofi Mt ♦6 Central* 4460 -70 Flat TO -116 Finsiaer 130 -1.3 Oenlmmob 73 75 0.JS tTIPri 2360 -S3 ttAlccinenu ***** -666 ItalfU m Ilalslder 301 ♦5 MafTveu M PT 50® -17 kUrelli Ere 223 -IJ •466 Mfdlob
      99 words
    • Article
      Frankfurt
      194 8 NOV ft Dm Aet-Telefunken 1*10 -1 S Akao MM -0.3 AllI Leben 735 AIU Ver* 490 -2 BASF 134 20 -03 Bar H T Wbank 315 ♦4.9 BayVbank 318 •1 Bayer 1M 80 ♦0.3 BBC 306B BMW 220 00 -O 5 Canclla 380.50 unci) Chem Ver* 262 -02 Commerebank
      194 words
    • Article
      Brussels
      91 8 nov a m POBWABD MAUI IT Acec 410 -4 Art*<3 WJO -130 Aitur TOO uneh Brucan OS -11 Bru-Lamb ISM 44 C»np*c 838 -4 Cock 400 De Been 191 Ebet 2385 -IS Bectrobel 1010 uncfc Ob-Inno-Bm 2545 Oev 1330 uncii HoOo* 2540 -00 Petro mo -20 Ryl Dutch IBM
      91 words
    • Article
      Deficit news push prices lower
      1088 8 NEW YORK DISAPPOINTING trade deficit news pushed stock prices broadly and sharply lower in light trading on Wednesday, extending Tuesday's decline The trade news depnsatd the dollar and analysts noted it came a day after a discouraging report on consumer price inflation. The Dow Jones
      1,088 words
    • Article
      CHICAGO BOARD OPTIONS
      1446 8 Ir O n > foven nber 29 OPTION JAN APL JNI STOCK CHICAOO Board Options Exchange volume eased to 106,260 contracts from 118,301 on Tuesday. OPTION JAN APL JLT STOCK AJcoa <0 UNTRD NOL 49* Alcoa 45 2N 4* UNTRD 49* Alcoa SO 1* 2* 49* lc
      1,446 words
    • Article
      Toronto
      348 8 THE MARKET dmi tower h Kttvt trail WeMty la New YwtvlluMlrt 'toM ■WMjllMlta TlMfcy 1 Tie wpw«t toiex «m mk Am lav palate wtft IHM f»tee>Nte IS. Victoria aai Grey Tmt A reee 7/S to 17-7/*. The —fay repertei Mgker year mat, raised Ito ilvMeai ud ptoaa aa extra
      348 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      157 8 Wfehavea history of making our depositors' savings grow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their money grow
      157 words
    • Advertisement
      Page 8 Advertisements Column 2
      191 8 .BAT> British-American Tobacco Company (Singapore) Ltd. ANNOUNCEMENT The directors are pleased to announce the results for the year ended 30th September J 978 as folows:1978 swore Turnover ***** Profit before tax 3*983 Profit after tax 2^305 Transfer to Revenue Reserves 1,250 The improvement achieved by the operating subsidiary Singapore Tobacco
      191 words
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  • COMPANY NEWS
    • Article
      Lock icon GM's French plant will cost US$55m
      521 9 EUROPEAN FT. GENERAL MOTORS has disclosed the cost of US$55 for the establishment of its first car battery plant outside the US, at Sarreguemines, in the Province of Lorraine in North-Eastern France. The plant, scheduled to come on stream early in 1981, will produce
      FT.  -  521 words
    • Article
      Lock icon Japanese insurers are extending more loans
      511 9 ASIAN FT. JAPANESE life insurance companies are increasing the pace of their participation in yen f loans overseas, with some officials now even envisaging syndicates exclusively managed and funded by insurance companies within a year or two, if the authorities permit. The latest loan
      FT.  -  511 words
    • Article
      TERRIFIC FOR TIFFANY HOLDERS
      509 9 A TOUCH of class will be added to the familiar Avon name if the planned merger of Avon Products and Tiffany and Co comes off without a hitch, but it is doubtful that the famous Tiffany line of expensive jewellery will be sold door-to-door. "Not next
      509 words
    • Article
      Lock icon Take note, all Ford drivers
      135 9 Reuter. FORD MOTOR company has said that engines on some cars made between 1974 and 1978 may wear prematurely and the company wouljj make repairs or reimburse the car owners for repair expenses. Ford said the cars involved include 1974 through 1977 year models and
      Reuter.  -  135 words
    • Article
      Lock icon RE-ORGANISING KAISER EMPIRE
      1452 9 NYT. MR. HENRY KAISER built the Hoover, Bonneville and Grand Coulee dams fumed out thousands of World War Two ships and jeeps founded a health plan that cares for 3.3 million Americans. Before his death in 1967, he had emblazoned his name on an international industrial empire
      NYT.  -  1,452 words
    • Article
      Lock icon PanAm to diversify if talks with National fail
      256 9 [r»/v rsj /v rvt AP. PAN AMERICAN werid airways wnM have to diversify If Its pi|»ni merger with Nattoaal AirUaeab rejected, says Its Mr. William Sea well, whs Is alas PaaAm's exeeatlve officer, said hstol aad feed service weaM be logical fields
      AP.  -  256 words
    • Article
      Lock icon Soviet deal gives Occidental further trouble
      708 9 N.AMERICAN NYT. A US FEDERAL investigation has begun to examine a serious setback for Occidental Petroleum in connection with a US$2O-billion fertiliser deal with the Soviet Union that was once hailed as a major breakthrough for US-Soviet relations. Sources familiar with Occidental said the
      NYT.  -  708 words
    • Article
      Lock icon B-WARNER, FIRESTONE IN MERGER TALKS
      272 9 Reuter BORG-WARNER said Its board aad directors at Fir est sat Tire aad Rahber agreed to esasMer a saerger threagh fermattoa af a hsldiag eampaay. The eaaapaales weaM eeattaae to eperate aa separate ea titles aader the holding eampaay, Berg-Waner said. Oae share af the
      Reuter  -  272 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      222 9 Tokai Bank /Singapore It's more than a new office It's the hope of a new Asia. The December Ist opening of Tokai Bank's Singapore branch office represents another significant stage in the development of Tokai's Asian banking network. And it underscores Tokai's commitment to the continued growth and development of
      222 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      962 10 BID and offer prteee officially listed and business In and reported to the Stock: of Stncepore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unteea otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Bt« Board deal (in
      962 words
    • Article
      Government bonds
      74 10 IM^SB) V (280.000)(101.00B £•*8) 99.75 (4) 80.80 nLFiKf 9 (MO-OOO) (100.308) 8 V 4% T r IWSI-84 (280,000) (102.308) J«i i2L l#/l#/,€ (250.000) (100.75B) (280,000) (100.7 SB) 1/J T F 11/1/87 (280 000) (100.408 100.988) I (100.7 SB) 1/4% T F 1/12/81 (280 000) (100.388 100.408) 8 1/4%
      74 words
  • Article
    Unit trusts
    134 10 TV Own 11 Tfcr Bavtag r* S'porr Prs» n Spare Stc m Spare brv«« prtaaa tor Daa 1) IN ill ■d U LS 1 mi U U ad LCT LTT La VZl (CHMt pel lactase Bad Miii KMirvr mm} LU BA TO HT ND MU1 MTHUT (Hi prteaa
    134 words
  • Article
    SHARE INFORMATION SERVICE
    2395 10 1*78 High Low Company La* Sale +orOr* DW DW Cw Gr't Y'M Net P/E Vol Day (•888) High U» SECTION ONE INDUSTRIALS 272 238 178 218 279 111 >280 328 249 880 132 Aetna 123* Alcom 107 Allied Choc 133 BAT 195* Bata 50 Ben 162 Berjaya
    2,395 words
  • Article
    In Kuala Lumpur
    1177 10 P F UX ofr **Ur FIN AMCB Mated and business In and M J*Port«dU> the Kuala Lumpur tlL*- 99 Stock Exchange yesterday with m? 3 aa«) ,m t the number of «ha res traded "oTTae 888 shown tn bracketam lota of 1,000 M crwMt U438 i 448)
    1,177 words
  • Article
    Sale of MUI unit payable in cash
    170 10 MALAYAN United Industrie® Bhd. (MUI) has announced that the sale of its wholly-owned subsidiary, Uaited Continental Properties (UCP) to United CootinentaJ Insurance (UCI) for MS9SOjOOO was payable in cash. Replying to queries (ran the Kuala I«umpur Stock Exchange. MUI added that the sale
    170 words
  • Article, Illustration
    Prices stage recovery in afternoon trading
    374 10 the Mack BxchiSgtd Slegapere yesterday, ffh'tl" dinii' wT tosnto very qnlet and letBaage narrowed farther Irani the already latin a I activity ■nek ae 9m Darky and ■aw Par were sndly lack* Tka reeerved attltade at fmd tewjays httd? d any geed todlestirs. The
    374 words
  • Article
    Shares drift erratically to a mixed close
    501 10 THE KUALA Lumpur stock market yesterday remained very selective and quiet with share prices drifting erratically to a mixed close. Scattered interest was seen particularly in a number of the better-priced issues in the finance and tin sectors, but the bulk of the
    501 words
  • LATEST RESULTS
    • Article
      BOUSTEAD Buildings Bhd:
      35 10 said its interim 1978 dividend of 10 per cent gross (7.5 per cent on before one-for-10 bonus issue in May), will be payable on Jan. 12 to shareholders registered on Dec. 26.
      35 words
    • Article
      British-American Tobacco (Singapore)
      35 10 has announced a pre-tax profit of $3.96 million on turnover of $82.96 million for the year ended Sept. 30,1978. Final dividend of 3.75 cents (17 per cent) less tax per 22-cent share.
      35 words
  • Article
    General Ceramics
    49 10 IT A Services Sdn. Bhd. has been appointed as registrars of General Ceramic Bhd. with effect from Dec. 1 1978. Also effective from the same date, the share registration office of the company will be ITA Services Sdn. Bhd., 2nd Floor, Ming Building, Jalan Bukit Nana*,Kuala Lumpur.
    49 words
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  • COMPANY NEWS
    • Article, Illustration
      Wearnes is a high yielder in motors
      939 11  -  By ARTHUR NG THE SHARES of Wearne Brothers have plunged from 94.04 ahead of its preliminary results which were revealed Just two days ago to as low as $2.61 in the wake of the recent market downturn first sei in since midSeptember. What
      939 words
    • Article
      Court tells Tan Chong unit to pay M$14,605
      232 11 THE Industrial Court has ordered Tan Chong Industrial Equipment Sdn. Bhd. to pay a total sum of MJ14.605 to Mr. Lee Chu Chiang. 55, in the form of "redundancy benefits" following bis dismissal on Dec. 16, 1976. Court president M. Abraham ordered
      232 words
    • Article
      DIVIDENDS ANNOUNCED
      415 11 Curreat Payment Ex Date Boo kg Cloae Date Payable Total for Total for tke year Previoua year Kmayu Reionf Tia Kbit® Kallas Tia A Hltta Plut A Eat Talam Mlaea PM HM« Ma rata Cold Store Rah Hyd Pf»a HM(i Riverview C Sahara lal Paa Toakiba Sovraa UlC
      415 words
    • Article
      SCRIP ISSUE
      164 11 Coayujr Particular* b Date Books Cloae C Sugar* Mia 5m Hydraulic Sjritkttk ImIm Fed-Cable* P. Product* Selroa Spore La ad Btrjajra Kawat Bonus Issue of 1 for 4 Bonus Issue of 1 for 2 Bonus Issue of 1 for 2 Rights Issue of 2 for 5 $1.00 per
      164 words
    • Article, Illustration
      Merlin Inn part of plan to build chain
      281 11 THE PROPOSED 124-room Merlin Inn Johore Bahru (above) has a unique design which places in juxtaposition its two main structures, a 10-storey rectangular block and a 10-storey triangular block. Mr. Eddie Tan, general manager of the hotels division of Faber Merlin, said
      281 words
    • Article
      COMPANY MEETINGS
      235 11 MINERAL Securities MalayMa BM: AGM to be held at 73, Beach Street, Penang, at 11.30 a.m. on Dec 5. Central Sagars BM: AGM to be held at Batu Tiga, Selangor, at 11.00 a.m. on Dec 8. Setraa Lid: AGM to be held at the Conference Room of United
      235 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      205 11 Your Business COMING SOON: THE ASEAN REPORT W V. v" 1 WMm tiTPw* si w The most comprehensive and authoritative independent document ever assembled on ASEAN. Compiled by The Implementation and Management Group. Published by The Asian Wall Street Journal. Two volumes of practical information for anyone serious about doing
      205 words
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  • Article
    Merdeka varsity council seeks legal advice
    354 12  -  By TAN SIOK CHOO in Kuala Lumpur THE council of Merdeka University Bhd, in its determination to set up a private university, has sought advice from three eminent English barristers on the possibility of taking legal action against the Malaysian government. The chairman of
    354 words
  • Article
    Mitsubishi introduces a mixed maturity CD
    601 12  -  By SOH HANG KENG MITSUBISHI Bank has launched a different kind of floating rate certificate of deposit (FRCD) in the Asian dollar market. Unlike previous FRCDs in this region, Mitsubishi has floated a US$2O million "mixed maturity" issue offering investors the option of either
    601 words
  • Article
    American economy not slowing down
    277 12 THE US Commerce Department has reported a small increase in its composite index of leading indicators, signalling continued growth in the economy in contrast to warnings of many private economists that a recession lies ahead. A buoyant manufacturing sector was largely responsible for the gain,
    277 words
  • Article
    Lock icon UK ABOUT TO SIGN DEPOSIT PACT WITH CHINA
    139 12 Reuter BRITISH BANKS aad the UK piiimiil i Expset Crellli Oi»r»itee De(ECGD) are •fcwl I* e«at Is aa < CM» lepirtt teemIlea MA| USfl.2 affldHhi iHel aMke'ap tte totel «nU be ■■es sC ete*t aaad by the ■Mk i GMH IS niw
    Reuter  -  139 words
  • Article
    ACCI-JAPAN MEETING WILL BE IN DEC
    122 12 THE SECOND meeting between the Asean Chambers of Commerce and Industry (Asean-CCI) and the Japan Economic Conference will be held in December next year in Singapore. Mr. Urn Kee Ming, the acting president of the Singapore Chinese Chamber'of Commerce and Industry, said this is
    122 words
  • Article
    Lock icon Toshiba subsidiary
    58 12 Reuter. JAPAN'S Toshiba Machine Company has established a wholly-owned subsidiary in Singapore to strengthen sales of machine tools, industrial machinery and machinery parts in Southeast Asian markets. The new sales company, Toshiba Machine SouthEast Asian Pte. Ltd., capitalised at 5|150,000 is Toshiba's third subsidiary abroad following those in
    Reuter.  -  58 words
  • Article
    LONDON STOCKS
    692 12 LONDON, Thurs. Share prices were lower following yesterday's fall on Wall Street, dealers said. At 3.00 pm the Financial Times index was down 6.8 at 482.2. BP lost lOp at around 99Gp following third quarter results. Mining shares continued mostly easier reflecting the lower trend in the grid
    692 words
  • Article, Illustration
    Japan's GNP increase expected to be slower
    264 12 JAPAN'S gross national product growth for July to September will be slower than expected. The figures will be released today. Mr Kiichi Miyazawa, Economic Planning Agency (EPA) director-general, did not eleborate and the EPA declined comment on a Japan Broadcasting Corp (NHK) report
    264 words
  • Article
    Special schools for cream of bilingual pupils
    429 12  -  •y TERESA LIM THE Ministry of has outlined a special scheme to allow the cream of Mandarin/English bilingual students a chance to progress faster than average students. The ministry's Special Assistance Plan has two aspects a longer-term scheme to develop nine special schools
    429 words
  • Article
    Golden standard
    53 12 THE Singapore Institute of Standards and Industrial Research (Sisir) has dewjoped new type of pure Analysed to a purity of 99 9 per cent, the new gold has a hardness about three times that of normal pure gold. The new process is to be applied in the development
    53 words
  • Article
    KL averse to prime hike
    506 12 TENGKU Razaleigh Hamzah said yesterday that he was not in favour of commercial banks raising their prime lending rate as this would impede the recovery of private sector investment. It was for this reason that Bank Negara had sought to ease the tight liquidity problem
    506 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      226 12 IT PAYS TO CONSULT INDCBUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are quoting the following for Singapore Dollar term deposits up to *****.000 1 month p.a. 3 months 6% p.a. 6 months 6% p.a. 9 months 6% p.a. 12 months 6V«% p.a. Savings 4 V«% p.a.
      226 words
    • Advertisement
      Page 12 Advertisements Column 2
      3 12 Leader ...Page I
      3 words
    • Advertisement
      Page 12 Advertisements Column 3
      133 12 Score winning soles Australia has produced champions in most sports. It's a winning quality that's also apparent in Australian sporting goods. You'll see it in their styling, in their strength, in their superior construction. It's a quality that sells. The big range of Australian sporting goods includes water sports gear,
      133 words
    • Advertisement
      Page 12 Advertisements Column 4
      0 12 /^^'*'&?&=+}+.@<=,@{@$~//!*)/:}
      0 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Service charges increased
        96 13 THE Far Eastern Freight Conference (FEFC) yesterday announced an increase from Jan 1, 1979, in service charges for inland haulage and less-than-container-load (LCL) in the UK and Eire. The increase follows a detailed review of costs now being incurred in respect of inland haulage and of LCL
        96 words
      • Article
        One third to go
        110 13 SEALAND'S 35-foot freight container which left New Jersey in May has completed two-thirds of its around the world journey and is now on its way via Sealand's rail service to Houston. Painted with a world map of Sealand's major trade routes, it is now on its
        110 words
      • Article
        Liverpool sets record
        83 13 THE PORT of Liverpool set a record recently when it loaded an 18,000-dwt multi-purpose vessel with 6,354 tonnes of general cargo in six days, two days ahead of schedule. The vessel Oropesa, owned by Pacific Steam Navigation Company, was loaded at an average of 1,059 tonnes a
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    • Article
      Lock icon Scrap and build scheme
      386 13 Reuter THE INTERNATIONAL Maritime Industry Forum (IMIF) hopes to submit to governments by the end of this year its suggestions as to how they might implement scrap-and-build schemes for solving the current shipping crisis. IMIF chairman Sir James Dunnett said that, at a meeting on Monday,
      Reuter  -  386 words
    • Article, Illustration
      UASC's 40th K-class freighter
      205 13 THE UNITED Arab Shipping Ce (UASC) hm inwifl a fleet ef 41 K-class maltl-perpsse freightera la Its shert three-year history. lie line is new believed te he the warld's largest eperater st sneh vessels sn the liner trade. lIASC accepted delivery ef its Mth K-clnss vessel,
      205 words
    • Article
      Lock icon London freight market
      192 13 UPI. FAILURE of grain inquiry to expand has left owners of medium-size bulkers placed in the Atlantic with little option but to accept further rate reductions. Such was all too apparent in the December-January fixture of the Tamesis at the 65-cent lower level of US$B.75 (FTO) for
      UPI.  -  192 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2513 17 gCMSDim 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
      2,513 words
    • Article
      The Consortia
      136 17 The major shipping consortia operate; ing between the Far East/Europe! and Straits ports/Australia and the; member lines. mmmmmm ACE (PAR BAST/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
      136 words
    • Article
      Container Schedules
      905 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (J) Each vessel's estimated time of arrival is advised by the ShiDDinc Line Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to thi Authority's premises during the
      905 words
    • Article
      Who acts for whom
      979 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. Agnfia Oriental—Same. AhM Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Unipacific. Aipac
      979 words
    • Article, Illustration
      Top shipping personnel here for conference
      675 18  -  By BAB RAHIM KASSIM A HIGH level shipping conference begins in Singapore today with several of the industry's luminaries, including Sir Y.K. Pao, president of World Wide Shipping, and Mr. R.A. Huskisson. chairman of Lloyd's Register of Shinnias. Some 20 of the 40 members
      675 words
    • Article
      Lock icon Offshore airports
      540 18 Lloyd's list THE Japanese Transport Ministry is campaigning for support from residents in the Osaka Bay area, in its bid to put up a 1,340 billion yen (about S|ls billion) floating airport there by the early 1900 ft. The airport is expected to take the form of a
      Lloyd's list  -  540 words
    • Article, Illustration
      Untitled
      414 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Melati (1830 hauls after Montana sails) 38/39 Bunga Melor (after Igrim) 15/16 Bunga Melor (2300 after Bunga Melati hauls) 33/34 Guiseppe Di Vittorio (1900 after Tenko Maru) 18 Keiyo Maru (2369 after Hons Ming) 44 Kota Mulia (after Maritime Shoun) 12 Maritime Shoun (1000)
      414 words
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      Page 13 Advertisements Column 1
      299 13 Scan Dutch V Fast and Regular Service To /From N.C./SCAN/W.MED./U.K. V Singapore Tel *****1. Port Kelang Tel *****1. Kuala.Lumpur Tel *****. Penang Tel ***** 4, J> IA KDIM AN 1 AH Orient Overseas Condawe/i Line CKVALtt DOS 11N WPTUt PEARI 1 m «CIT« 9N ORE NTAI CHEF 12* lift FULLY
      299 words
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      Page 13 Advertisements Column 2
      302 13 11l hi SEALORD ANTAH r UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE* Spore S pore I Loading for i Dammam (12/12), Kuwait (15/12), Bandars Shapour (18/12), Abu Dhabi (26/12), Dubai (28/12) Kuwait (22/12),
      302 words
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      Page 13 Advertisements Column 3
      215 13 n n IV IV IV n i m n m ra IV n n m m m m ra m n v v m m n n (♦i Aconas ACS Afea Aguila Alpac Angkutan ANL APL Arya Nat ASCL Asia Merchant Aust.Cont Bank BBS Ben Asia Ben/EAC Ben Ben Ocean
      215 words
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      Page 13 Advertisements Column 4
      732 13 Nedlloyd Lines Regular Liner Services To/ From All Parts of the World. Singapore Te< *****1 Port Ketang Te< 387KJ1 Kuala Lumpur Tel ***** Penang Te( ***** n* MAERSK LINE Pot US Paclic Gull Aiiannc and East Canada iAi-.q accept,ng to- Honqfcwu j.,p.,r..ir.dK„-. FULL* CONTAINERIZED FAST DIRECT WEEKLY m kiU FOR
      732 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      806 14 FULLY CONTMOUSED TO EUROPE M|« Bar Tetua Eipress Or e< fMa>|ti Osaka Bay (M|l Man ltH>H Evni Uwpl Bar EXPORT HMtarf Eipress J2/1 14/1 2/2 4/2 5/2 «/2 Bremen Eipreu 11/1 19/1 1/2 18/2 U/2 lt/2 EXPRESS CONVENTIONAL TO EUROPE S port P Kciant Pe« Cenea M"W| BTu.w Ida* Mwerp
      806 words
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      Page 14 Advertisements Column 2
      485 14 ESS barber blue sea Fiwc IB MUWTIC US OU ft EAST CANADA lift, DK 14/15 OK 27/77 Dk 17/ M I DK 29/30 tat 4 DK 24/21 I 1» 5 DK 27/2t I J» 4/1 F«i 1/ 2 (all If* 4/ s DK 1/4 OKI F* t M» F* 10
      485 words
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      Page 14 Advertisements Column 3
      522 14 /1 FULLY CONTAMER6ED Go mm better to the ftlddk East ntmmr bertnng t discharge at all ports MM] HAMMER COLUMULAND ALSO ACCEPTING CARGO FOR BAHRAIN AND ABU DHABI Ps* Kim /HIPPIfIG V TPfIOWG PTE ltd. |Tt rl KMSPEED RS ***** Td *****37 *****11 EVERGREEN LINE IEVERGREEN MARINE CORPORATION) FAR EAST/RED
      522 words
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      Page 14 Advertisements Column 4
      976 14 »»rn» Fin Star Skifpinf Carp*. "BURMESE NATIONAL LINE" UMMS FOR BIMBOCC! C3O2PT/2 0k B.F.S.SC Agents in Malaysia TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Trt *****/***** Compania Argentina Da PATAGONA NSENTOIA *S*|Kt to MdMCement "ARGENTINE NATIONAL LINE" LOADBS FOR OMAN CAM TOWN BUENOS AMES W»•« f M*|' P«w«' ISENTOIA
      976 words
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      Page 14 Advertisements Column 5
      764 14 Friday, December 1, TNUR STM MAT SKY. DIAMOND STM. SANKYO LINE AUSTRALIA SERVICE P. Keianj Sacapart load** for 17/ltOac 15/16 Dec SYD. MEL. AOEI 11/19 Ok 16/17 Dec GERALDTON. FREM. AOEL R 21/30 Dk 26/27 Dec SYD, MEI, AOEI BANGLADESH SERVICE DMMOfD STAR. GENERAL AGENTS CONTANRR BOOftNG LOAD AGENTS f
      764 words
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      Page 15 Advertisements Column 1
      594 15 OCL Overseas Containers Limited tfbwg 9"" *4a» Howe Stan P Kelang S port teat Parte SaM SaOM SjM SaM MM < tec I Doc HR. RS Wii» 11 Eaprow faW SaM 1M W 13 Oac lb Bk MR. US tenaan hM SaM MM MM MM If tec HR. TK. U
      594 words
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      Page 15 Advertisements Column 2
      821 15 GRANARD LINE RELIABLE I OEPOBMtt NON-COMERENCE EXPRESS SERVICE WEST BOUND-FAR EAST/MEDITERRANEAN M.V. MM MM 20W.. MM FUME »J1» S'pere PJMmi >m»h 11 Ok UOK 19 OK Oytouti P S*d Alexandria Beiryt Litukia P»ejvs Tripoli IngM/MMM 1» P Said/Ateiandria Beirut lattatia Pweam/Tnpofc; Beagtw htanbui lt«. MM HI 27* 21 lan 23
      821 words
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      Page 15 Advertisements Column 3
      706 15 Hiy BEN LINE CONTAINERS EXPRESS CONTAINER SEWICE TO/FROM EUROPE TO MOW M|»ln l*bfM Or Outi Bar hmcMm turns LmpoM It* (■Man Ha*M| Eiprni Or wan tiprns H BURG BHAVCN R DAM S pore P Aclaaf W Oman, Ajstru Antwerp 22/1 19/1 29/1 5/2 FROM neon H BIIRG BHA AN ROAM
      706 words
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      Page 15 Advertisements Column 4
      776 15 Scan Dutch V Mitwnm firm p»i» i:iY:i »:i: mf Mm MM riwIIIMr »Nh 31 lta| 4) Etoi SaM MUM VII IJ/U 22/U 24/12 M/U mhp«« bmm uyu a/u n/u m vi ivu mtmi a/u i/i 1/1 u/i 12/1 a/u mn M/U U/l 17/1 U/l 21/1 IVI KB KM 7/1 M/l
      776 words
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      Page 15 Advertisements Column 5
      450 15 GUTHRIE BOUSTEAD SHIPPWG AGFMCIES THE BANK LINE LTD. UMOS FOR Lll HflltU m. (X Pi. Sport Map/lte PUMI 7/111 f UMI 7/1 tec Spore f IM| kM/ihc Sim 7/111 EXPRESS SERVICE URECT FROM SMGAPORE TO NEK ORLEANS. MOHLE. HOUSTON. GALVESTON. ALSO ACCEPTM6 CARGO FOR BANGKOK. MANILA TAIWAN. HONGKONG PUSAN AND
      450 words
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  • Page 16 Advertisements
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      854 16 ■Ml ■■■Ml Ifciill W (M SUEZ by Certain* «t» TO EUROPE Spore P Keiang l Havre Hbarg Bremen Rdam A'eerp WWP ROff 11» Ii Dk 3Ok |21 DK 23 Ok 24 OK *OK 21 OK KPIIRE KM. 12* IDk )Dk 2(Ok )IDk 21m 31m sto KRCATM M IS Ok 29
      854 words
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      Page 16 Advertisements Column 2
      845 16 U.S.A./EAST CANADA SERVICE tCOHK Fa/ia CONTAMERS FROM PEMMG. r SUMS. STOM Lea*« Ik *W TOM. CARMEN. NORFOLK Penang Betawan P. Um| Singapore (IBU- njci) V«BK 7/9 Bk 9/11 BK 12/14 he E.C./GREAT LAKES SERVICE tr: mau. mi ram. montmal. tomwto. ashtabma. oetrot, cncmo CALIFORNIA/PACIFIC NORTH WEST SERVICE Im*| tar lOS
      845 words
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      Page 16 Advertisements Column 3
      657 16 ■NOL NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES FAR-EAST/EUROPE FULLY CONTMNEMSQ) SERVICE S pore P AeUng S ton Havre Hbarg Brew Rdaro Aaerp Mimo ROZEIf IE JOk 1) Ok 21 Ok 23 tec 24 Ok 29 Dk 2IDk MPTWE rum. IDk 10k 27Dk XDk lIDk 2lm 3lm 5 tan nuin
      657 words
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      Page 16 Advertisements Column 4
      599 16 MALAYS!AM HTf*NATK)NM SHIPPING CORPORATION BfHHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MEO/UK/CONTINENT/SCANDINAVIA RCTBOUW): Spot* 1) Msedto 2> R<Um HbW| 4) Gtwr| 4/12 17/12 22/12 2«/12 21 12 12/12 25/12 30/12 2/ 1 3/1 21/12 3/1 1/1 11/1 12/1 31/12 12/1 17/1 19/1 21/1 feeder *P KeUnf Vets* OIANOtA Saltd WTIMCM nance
      599 words
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      Page 16 Advertisements Column 5
      757 16 rr rr *wi 20k 80k (dM'Hbort/AMrp 23 0k Rdaoi H twt'SkMWin "MOW) in *****11 mam -nsm? HOWIKIIMK «MM4. 4R8742 «W7| RWER onus MMW MM Mm *****/2 Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P Kelang Lead* tar: GREAT BRISBANE VOY 10A_ 4 Dtc 1 Dec BrS/Sydne, Melbourne Adelaide WMM (TO) 118 IXMU
      757 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      285 17 NAMVANG LINES NON rCNtiRENCi t 0«i C Ft» ftSI '0 Mf Dl'f tl S pore PKeiang Penang Lsa<fn( tor: MO »-2W 17 Ok IS Dk 21 Dm P. Satd/Barut/Lattakia Pweaus/Istanbul/Tripoli Benghazi/Alexandria Lmassol atOMV lN t lan 11 lan -do t«P lu»iii/WM <Lfcr») by trandapmant »ia PVaeus OCEAN LINES \r^-—ic'cum connum
      285 words
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      Page 17 Advertisements Column 2
      337 17 ANHSING LINE REGULAR BUMMB/UB SERVICE S port P. K«tan( Pmm| ln*< tar. UMONAOEN to Part MdM TJNBN BOSTON 5/ (DK MM UMON JEDDAH 2/ 3Jm MM 'Acccptinf rwit Mm HONEST MARITIME S.A. Start t. MtH| tmmt UMtat tar UMFMIT 11/12 DK 13/14 DK IS/UDKKMMII/KMMMI LORD STEAMSHP CO. S.A. v tanmm/straits/tnimn
      337 words
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      Page 17 Advertisements Column 3
      264 17 g Seatrain FuK Container Service to USA ram m stw mother m m m u mi vc A VMMI Vl2 SmMI VU Mmte 17/12 VI 2/1 11/1 IVI 7/U 11/12 I.IS 1 fcud u/12 17/12 I I|U| 21/12 11/1 11/1 22/1 24/1 11/12 IM7 22/12 Fu# Container Service from USA
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      Page 17 Advertisements Column 4
      189 17 OCEAN CONTINENTAL ENTERPRISE PTE LTD Room 610, 6th floor High Street Centre S pore 6 Tel *****'*****/***** RE GUI AR SAILINGS TO FROM BANGKOK SINGAPORE P Ketanc Pen** LoMng tor. SaM teabay 25/2$ Oac teafea* CUi PWfIPtMH to PI/3 Itoc a*/ ranranv 27/31 dk n s s y a j
      189 words
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      Page 17 Advertisements Column 5
      215 17 nrnrT^n M.V. DONG TON VOV. M/V anM tl/U/n at PSA OODOWN tk/n Oeneral survey on damaged cargo discharged ex the above vessel will be held on Wednesday 6th December 1978, as from 9410 a.m. to 124)0 noon. No further survey will be held after this date. PACIFIC A-*+r{ NOUCE TO
      215 words
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