The Business Times, 13 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. 21V1/78 WEDNESDAY, DECEMBER IS, 1178 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon View on summit
      107 1 AFP. BANGKOK, Tues. Mr. Lee Kuan Yew today said that there is no immediate need to call an Asean summit on the Vietnam-Cambodian conflict, but that a "joint view" at a "subsequent time" might be "an advantage". Mr. Lee also said that the recently disclosed "Kampuchea National
      AFP.  -  107 words
    • Article
      Lock icon Asean seminar
      63 1 UPI. JAKARTA, Tues.— The five members of Asean are attending a seminar here to discuss industry, transportation, development and trade, Antara News Agency said today. The conference, to be held until Sunday, also includes observers from the International Labour Organisation, the International Development Research Center, the World Bank,
      UPI.  -  63 words
    • Article
      Lock icon A two-yen drop
      61 1 AFP. TOKYO, Tues.— The US dollar dropped more than two yen today on the Tokyo foreign exchange market, closing at 194.85 yen, its lowest rate since Nov 24. The dollar had opened the day at 196.50 yen, then dropped almost steadily, despite the Bank of Japan's effort
      AFP.  -  61 words
    • Article
      Rumours denied
      71 1 JAKARTA, Tues.— The Indonesian government yesterday dismissed rumours that it intends to nationalise certain foreign companies as a followup of the rupiah devaluation. "There is no such intention and the rumours are not true. The government has never wanted to carry out a nationalisation policy, or to revoke
      71 words
    • Article
      Lock icon Champagne rehabilitated
      82 1 AFP. PEKING, Tues.— For the first time since 1949, the foreign visitor to China will be able to toast the new year in with champagne. Or, if he prefers, American bourbon, Italian chianti, Scotch whisky, English gin or Canadian rye. In liquor, as in heavy industry, China has
      AFP.  -  82 words
    • Article
      Saudi blacklist
      38 1 JEDDAH, Tues?— The Saudi Arabian government has decided to blacklist dozens of American, European and Japanese companies after investigations indicated they had violated the regulations of the Arab Boycott of Israel Office, government sources said today.
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    • Article
      Lock icon Dow Jones
      39 1 AP NEW YORK, Tues.— The New York stock market edged upward this morning. JP 1 5° w Jones average of 30 industrials rose 1.04 to BW.es Ui the first half-hour. Advancls Sl AR deCUDeS am ng NYSE
      AP  -  39 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      136 1 Rises Most Active Dunlop Ind Supreme Corpn B Raya Haw Par London Island Pen Bousteadco C Properties Falls M Banking O C B C Nat Iron P M R I Dunlop Est Metal Box Spore Sungei Best O U B V O B Spore Land Wearnes DBS
      136 words
    • Article, Illustration
      In Kuala Lumpur
      151 1 Falls Most Active Sth Mai Tin 920 -30 S Darby 225.000 M Banking 615 -20 High A Low 123,000 CStC 515 -15 H Par 113,000 Kg Lanjut 230 -10 Consplant 101,000 Gentings 300 -10 Total Turnover: 1.82m Kempas 400 -10 Total Value MS5 35m N Iron Tronoh
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  • Article
    UOB takes 13pc stake in ACBC
    972 1  -  ACQUISITION THEORY By COLIN CHEE UNITED Overseas Bank's purchase of 7.5 million new shares in Asia Commercial Banking Corporation may form the basis for its acquisition of the small local bank later. Banking sources said yesterday that this is underscored in the wording of
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  • Article
    More buying-in orders expected
    371 1 MALAYAN Banking, the largest bank in Malaysia, saw strong buying interest in its shares over the last few days despite a lacklustre market with most prices drifting downwards. One reason for the strength lay in the "buying-in" orders executed by the Stock Exchange of Singapore. A
    371 words
  • Article
    Perkins all set to win Manila diesel contract
    632 1  -  By FONG MEW LENG PERKINS Engines group, a British diesel engine manufacturer, seems set to win a US$llO-million (***** million) diesel plant contract in the Philippines that can affect the Singapore market. The company, ousted by Cummins Engine Group in its bid
    632 words
  • Article
    KL firm stops trading because of licence hitch
    217 1 THE KUALA Lampar ateekkreklag firm to day vetaatarily aawpatoM tradtog aft the to the bah Unpar Stock Xapk riNI WM Midi "P- vendgkt ike part to a •eator partaer to the Bra, Mr Yap Ckar Klaa, to tocMe toe awajitay fee to
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  • Article
    Australia charges local press with misreporting
    502 1  -  By JOHN TAN AUSTRALIAN Transport Minister, Mr. Peter Nixon, yesterday accused newspapers in Singapore of having misreported statements made by the leader of the Singapore team to the recently-concluded round of air talks between the two countries. In a statement released through the Australian
    502 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      29 1 whatever you need in menswear,get it at... MOHAN'S DEPT STORE (PTE.) LTD. 321, Orchard Road "W *****22 (next to Mandarin Hotel) Branch: 101,langlin Shopping Cantia T* *****40 Daily .9am-9pm
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    • Advertisement
      Page 1 Advertisements Column 2
      106 1 BIRKART FREIGHT NEWS GBN Contoner Line ore pleased to announce the extension of their existing For East and Singapore/Logos service to include: Douala (Cameroon) Port Harcourt (Nigeria) Abidjan (Ivory Coast) Monrovia (Republic of Liberia) and Tema (Ghana) subject to inducement Commencing with sailing of M.V. "Kyosei Maru" eta 10th Jon.
      106 words
    • Advertisement
      Page 1 Advertisements Column 3
      3 1 j SHIPPING TIMES
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    • Advertisement
      Page 1 Advertisements Column 4
      230 1 Cool heelthy pollution-free driving with ▲mAßusnu COOL. /MASrSR .CAR AM CONDITIONER SEE PAGES 7 1 1 m m A. g* 5# w Vv x S. !N\v <v 7?>e £ofrfor 4C—a robust yet very elegant machine. The heavy-duty Editor 4C is built for continuous use This is a very tough, fast
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  • TRADE AND INDUSTRY
    • Article
      Viva la made-in-Singapore radios
      143 2 SINGAPORE remained the major supplier of portable radios to France last year. t This was disclosed by a report on sound equipment in the recent issue of "Marketing in Europe", a Department of Trade publication. By the end of last year, 99 per cent of households
      143 words
    • Article
      Lock icon FERTILISER PLANT
      95 2 AFP. INDONESIAN President Suharto yesterday inaugurated a new fertiliser plant worth some US$256 million (***** million) at Dawuan, about 70 km east of Jakarta. Some 1200 million of the cost was a loan from Iran and the plant was partly built by the Kellog Overseas Corporation of the
      AFP.  -  95 words
    • Article
      Firms cash in on year-end labour exodus
      630 2  -  MASSIVE RECRUITMENT By GOH ENG KEE SEVERAL employers in Singapore are busy making their own seasonal preparations ahead of the new year. Unlike their employees, who may already be in the spirit of the forthcoming festivities, their preparations are not of a merry-making
      630 words
    • Article, Illustration
      BOOSTING MALAYS' ROLE IN TIMBER
      737 2 THE LIKELIHOOD that Malaysia may be forced to import sawlogs in the near future should provide greater opportunities for bumiputra businessmen to participate in the country's timber industry. Already, the government has instructed the Malaysian Timber Industry Board to work closely with a bumiputra timber
      737 words
    • Article
      Lock icon Taiwan chalks up its highest monthly trade
      296 2 Reuter TAIWAN'S two-way trade, buttressed mainly by a surge In Imports, reached U552.29 billion (about Sss billion) last month, exceeding the previous record oI $2.26 billion in August. According to a monthly report from the Directorate General of budget, accounting and statistics (a
      Reuter  -  296 words
    • Article
      Safety at Esso
      180 2 ESSO'S Jurong Terminal has developed Its own ongoing safety programme to help instill safety awareness among its employees and to ensure that the plant's daily operations run safely. Under the scheme, employees are encouraged to bring up cases of unsafe practices among both their own staff and
      180 words
    • Article
      Cooked food in metric
      83 2 THE METRICATION Board has recently urged restaurants to quote unit prices of cooked food in metric. Board officials who carried out educational programmes in markets found that a common excuse housewives use for not buying in metric is that retailers do not sell in metric. But,
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    • Article, Illustration
      More scotch whiskey down the hatch
      178 2 THE buM far mteh whisky Is "Mfcfc" la Stagifm, mU the «m--tor ef White Htm Dtotlllen. Mr. Aadnw Darte wh hen a atwfcj vMt to Jtrilia Msiknltoi 0t,.|lO t ,.|l ita I -A. Ml VIM, ißf MM Ageni tar White Bane Seeteh Whtahj to
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    • Article
      Malaysia can be leading cane exporter
      448 2 MALAYSIA, which at present accounts for only 10 per cent of the world's supply of cane, has the potential of becoming the single largest cane exporter, according to a Malaysian entrepreneur, Mr William Wong-yen. Mr Wong-yen, a partner of Markiras Corporation, said his company
      448 words
    • Article
      MEMO PAD
      336 2 COUBBEB AND TALKS Oct 16-Dec 18 (every Monday): A detailed study of reinsurance and its role in the conduct erf insurance business, srrc, sue. Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, Dec 11-13: Production management, SIM, SIM Feb 12-13: Finance for nonfinancial managers,
      336 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      480 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE Aerw 1 Just the bunch to get hot when shot! (6) 7 Horse worth E25 a game* (4.4) 8 Sandy nude, possibly (4) 10 Only half a guinea in the red, yet bankrupt! (6) U Warning o( much bad weakness (6) 14 Parliamentaryperformance (3) 16 The
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      562 4 THE Singapore rubber market yesterday closed lower with January One RSS buyers quoted at 234.25 cents per kilo, down 4.50 cents from Monday's close, dealers said. The morning session closed lower with January One RSS buyers quoted at 234.25 cents per kilo, down 4.50 cents from
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    • Article
      Closing prices
      28 4 Rubber: Dec 12 Singapore: January: 234.25 cents (down 4.50 cents) Malaysia: January: 235.50 (down 4.75 cents) Tin: $1310 (unchanged) Official offering: 196 tonnes (down 64 tonnea)
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    • Article
      RAS PRICES
      324 4 Prices In cents per kilo yesterday: (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 232.50 233JON Int. 1 R.S.S. Jan 233.75 234.25 Int. 1 R.S.S. Feb 236.00 236.50 Int. 2 R.S.S. 231.75 232.75N UK Cont. 230.75 231.75N Int. 3 R.S.S. 228.75 229.75N UK Cont 227.75 228.75N Int.
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    • Article
      SSR and SMR
      102 4 NOON SSR and SMR prices yesterday: HAS Juury (Carnal Mtfc) <r g, FMraary arwart Mtk) SSR 20 (1-ton pallet) (eeal 235.50 perkf) 237 SON (e 236.50 MtojMr kg) 238.SON SSR SO (1-ton pallet) 232 50 234.50N 233.50 235.SON MRBLB SMR 5CV SMR 5L SMR 5 SMR 10
      102 words
    • Article
      Rice
      187 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F O B. basis Bangkok) White rice: 100 pet Ist class 335. 100 pet 2nd class 330, 100 pet 3rd class 315, 5 pet 308, 10 pet 290, 15 pet 280. pet 275, 25 pet 270.
      187 words
    • Article
      Wheat
      103 4 WHEAT futures posted losses of one to 3-1/4 cents a bushel in spiritless midsession trading in Chicago on Monday. Traders attributed the declines chiefly to a lack of buying interest, which they attributed to indications that the world wheat market is heading towards more competitive conditions. The latest such
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    • Article
      Produce exchange
      341 4 THE Singapore produce market continued to see another day of trading with no major changes in stocks and prices yesterday. Dealers reported arrivals of coffee. They said that trading in this commodity tends to be much quieter during this time of the year. The trend was also easier.
      341 words
    • Article
      Hongkong Comex
      180 4 SUGAR futures trading in Honkong yesterday remained dull throughout owing to the wide spread of prices, with two lots traded against one on Monday, dealers said. Nearby January was quoted at US 8.30/50 cents against Monday's 8.00/20 close, while the distant October was at 9.60/10.00 against 9.47/75. Sugar
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    • Article
      SPOT PRICES
      188 4 YARN and cotton in Hongkong dollars, apot ex-godown: Ceaaa fan: Chin* Blue Phoenix ft 2.355, 3k 2,830, 40* 3,000 (per bale ot 400 lbs) Ptat gee*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lam be unq; Flower and Butterfly unq. Flying Geeae unq (per piece
      188 words
    • Article
      Soybean
      174 4 SOYBEAN futures closed sharply lower under pressure from heavy local and commission house stop-loss selling in Chicago on Monday. Values ended nine to Ave cents a bushel lower after losing small gains captured early in the session. While many said the selloff was triggered mainly by weakness in wheat,
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    • Article
      Palm oil
      70 4 C.I.F. North European porta, in US dollars per ton unless otherwise stated LONDON: Mon Previous Malaysian 5* f fa bulk per tonne January unq unq February unch 500slr Sumatra 5* ffa bulk December unch 905aIr January OOOalr 002' jsir February 597 50 800slr March SOSalr 597 50a! r
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    • Article
      Coffee
      117 4 ROBUSTA futures opened slightly easier in London yesterday morning, unchanged to £6 per tonne down from Monday after failing to attract buying interest at marked up higher levels against New York's clone. Trading at the call was confined to the first three positions where at end session turnover was
      117 words
    • Article
      Sugar
      114 4 RAW sugar futures in London yesterday morning finished the first call with gains of £1.85 to £1.25 per tonne but below traded highs owing to firmer sterling. However, prices were generally up from Monday night's higher New Yorkbased kerb levels. V The whites terminal was £2.10 to £0.75 per
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    • Article
      Silver
      119 4 SILVER was down 0.7 to 0.9 pence In London yesterday morning. The early pre-market «u depressed by strength of sterling against the dollar and lower gold, but the lower levels found shorlcoverlng support following a subsequent fill In the UK currency. Three months traded between a pre-market low of
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    • Article
      Lead
      124 4 LEAD ended the morning ring £3 down for cash and £2 per tonne lower for three months In London yesterday morning. The market moved irregularly during the morning, with the depressing effect of some esstng in the tight nearby position being partly offset by lower sterling against the dollar
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    • Article
      Zinc
      75 4 ZINC ended the morning ring £2 higher for cash and £1.50 per tonne up for three months. Values rallied from barely steady pre-market levels aided by firmer copper, lower sterling and trade reports of a continuation of the physical demand reported yesterday. Three months traded from £354 on the
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    • Article
      Aluminium
      53 4 ALUMINIUM was £4 per tonne higher for three months in London yesterday morning. Values rallied after Monday's shake out, with scattered commission house buying orders finding little selling resistance. Three months ended the kerb at £622 per tonne after touching £622.50 in the ring where the turnover was a
      53 words
    • Article
      Cocoa
      350 4 SUBSTANTIAL self-trading in basically light volume was the notable feature of cocoa's opening call in London yesterday morning, with prices finishing £1 up to £5 down. But then the market went into an extended decline under heavy chart and outsider liquidation. Dealers said sentiment was affected by higher sterling,
      350 words
    • Article
      Straits tin
      186 4 THE Straits tin price in Pens ng yesterday remained unchanged at MSI,(10 per picul, HlO above the International Tin Agreement ceiling, dealers said. The market failed to follow the sharp decline in the London Metal Exchange, being assisted by strong local and US demand. Some Interest from Eastern
      186 words
    • Article
      Copper
      248 4 COPPER wirebars finished with gains of £4 far cash and £5 for three months in London yesterday morning. Dealers said the early pre-market was subdued by strength of sterling against the dollar with three months trading down to £786. However, the market was given s boost by a subsequent
      248 words
    • Article
      Gold
      417 4 GOLD futures closed generally firmer in quiet trading on the Singapore market yesterday, in line with the Hongkong trend, dealers said. Trading was thin throughout the day and turnover fell to 43 lots against 122 lots on Monday with Interest centred mainly on February and April contracts while the
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        442 4 THE US dollar was traded down on the foreign exchange market yesterday against the background of political troubles in Iran and an expected oil price hike from the coining Opec meet. However, some central bank support prevented the dollar from slipping to lower levels. Starting the day here
        442 words
      • Article
        Asian $ rates
        180 4 Asian rates ASIAN currency deposit interbank rates as at close on Dec 12 L'8 MlimSMi Offer Bm 7 day* 9 5/16 913/16 1 month 1011/*****/16 2 months 11 10* 3 month* 11', n>, 6 months 11 n». 9 months 11». ll'j 12 months 119/16 117/16 1 month 3 months 6
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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
        Discount
        51 4 Range of price# offered by diMout bouse* on Dec It Overnight 3 to 4'«% Call depo.it. 4 to 4'.* Closing Baring Selling 3 month Treasury bills 41/1* 315/16 3 month Bank bills 7 3/16 71/16 3 month CD 7'» T• 6 month CD 7'» 7'« Source: National Discount Co
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      • Article
        Zurich
        52 4 ZURICH exchanges closing quotes on Dec 11: us I.MMK St* 3 3341-3381 Can 1.4314-4332 Dmk M.IBMBU £*181 9298-82 0424 Ffr 38*757-7*7 Bfr 5 8117-8195 Oct 31 9887-32 0072 Nkr 33 1370-17* Skr 38 2171-2588 Lit UM-M1 Aim acH a 1221-1414 Part 3JM-4256 Spain 2 3881-3729 Ant on-r Ym 0
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      • Article
        London
        241 4 THE dollar eased sharply in active early trading in London yesterday and fell below 1.90 marks to 1.8908/18 compared with an overnight 1.9000/30, dealers said. They said there were no new factors in the market and the dollar continued to come under pressure against the unsettling background of the
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      • Article
        New York
        346 4 THE dollar closed lower on Monday, but above its lows of the day amid heavy New York Federal Reserve Bank intervention, dealers said. Final prices showed the mark at 1.9010/15 compared with 1.9030/50 at the opening and 1.9120/25 over the weekend. The Swiss franc finished at 1.6910/30 compared
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      • Article
        Tokyo
        168 4 THE US dollar for overnight delivery closed sharply lower at 194.85 yen in Tokyo yesterday, compared with a 196.50 opening and 197.06 at Monday's close, after Bank of Japan dollar support intervention in both morning and afternoon trading, dealers said. The Bank of Japan bought an estimated $30 million
        168 words
      • Article
        Hongkong
        45 4 HONGKONG banknotes yesterday US 4.77/4.7» UK 9 .30 50 Burma 1.30 1.50 ladia 4.80 5.10 Indonesia 0 TO OJO Japan 2 456 2.485 Korea 0.75/OJS Philippine* 0.58 0.80 Singapore 2.18 2 30 Malay** 2185 2185 Brunei 2.14/ JOT Thailand 23.50 23.80 Taiwan 1230 12.881
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      • Article
        Frankfurt
        49 4 FRANKFURT exchanges opening quotes yesterday: US IMB TO Can I KK 1 6115 St* 3 758 788 CM 98 10 25 Str 112 30 <0 Lit 2.290 2SO Ffr 43 50 85 Nkr 37 20 35 Bfr con < 324 334 Bfr fin 6228 62M Yen 0 9720 35
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      • Article
        Australia/NZ
        53 4 AUSTRALIA/NZ exchanges quotes yesterday: US dollar 1 1432 ***** Sterling 0.5787 ***** Ninety-day air maU buying rates: Sterling 0 8013 US dollar* 118)8 Ninety-day forward buying rates: Sterling OJMO US dollar* 1.1474 New Zealand Sterling 0.5343 0 5315 US dollar I.BMB 1.0488 Ninety-day airmail buytng rata* Sterling 0 5587
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      173 4 M In Indonesia, Pullman Kellogg had to find a way to move heavy vessels and equipment to the jobsite before construction could begin on a major fertilizer complex for P.T. Pupuk Kujang in A West Java. The construction site, 30 kilometers inland from the Java Sea, was inaccessible by either
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  • OVERSEAS
    • Article
      Lock icon U.S. BONDS LIKELY TO TOP 2B FRANCS
      193 5 Reuter. "Carter bonds" to be issued in Switzerland in the second week of January can be expected to total some two billion francs (about 5J2.5 billion), a senior central banker said in Basle on Monday. He said it is too early to give
      Reuter.  -  193 words
    • Article
      Cleveland on brink of default
      82 5 OHIO'S biggest city, Cleveland, faces bankruptcy and is certain to default this week on repaying US$l5.5 million (5534.1 million) in bank loans, a city official said yesterday. It would be the first time a major US city has defaulted since the depression of the early
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    • Article
      Italy favours immediate EMS entry
      505 5 THE GOVERNMENT of Premier Giulio Andreotti, under conflicting pressure from coalition parties, decided yesterday to bring Italy at once into the new European Monetary System. Foreign Minister Arnaldo Forlani announced the decision at the end of a special cabinet session just before a scheduled parliament
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      723 5 ARRIVALS Service Local Operator Number Tine From MAS SIA MAS MAS MAS CPA GU THAI SU SU MAS THAI GU GU UB PAL RBA GU SU SU MAS MAS SAS MH682 SQ101 MH621 MH6OT MH671 CX710 GA980 TG423 SQ103 SQ209 MH606 TG981 GA944 GA908 UB231 PR501 BI325
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    • Article
      Lock icon Datsun a big boost to American economy
      177 5 AFP. DATSUN agents in the United States, with a total turnover of US$4.4 billion (599.7 billion), make a bigger contribution to the American economy than either the Coca-cola or Boeing companies, according to a study made for Nissan USA, agents for Datsun cars,
      AFP.  -  177 words
    • Article
      Two-tier rates help small firms get by
      383 5 MANY commercial borrower have been spared the fun impact of the sharp rise in the large US h*«if prime rate this autumn as a two*y*tem of rates has emerged. Small businesses take advantage of base rates I-1/4 to 1-1/1 percentage points below the
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    • WORLD IN BRIEF
      • Article
        USHIBA STILL TOKYO'S MAN
        500 5 JAPANESE Foreign Ministry Advisor l4obuhiko Ushiba, formerly External Economic Affairs Minister, will continue as chief trade negotiator in the current Tokyo Round, the Foreign Ministry said. The post of External Economic Affairs Minister was abolished following the formation of a new cabinet by Prime Minister Nasayoshi
        500 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      14 5 SINTAT Rent-a-Car SINGAPORE AIPPOftT TEI *****S CITY TEL 23SS8S5 CaH us onward reservations T>—
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    • Advertisement
      Page 5 Advertisements Column 2
      100 5 ¥xi want the best service to the USA and Canada? WfeSegotit We'll speed you to the States and Canada any day you choose.^^^^H Just take our 10.30 p. one-stop hop to London for an unbeatable choice non-stop connecting flights ry to Boston, Chicago, Los Angeles, Miami, New York, San Francisco,
      100 words
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  • Article
    Double-speak by Peter Nixon
    389 6 MR PETER Nixon's thinly-veiled attack on the Singapore aviation authorities, and not the press as he purported, must rank as a masterpiece of double deception. It started out as an attempt to swing public attention away from the principal issues in the air-talks, but in the
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  • Article
    Let spotlight fall on the recalcitrant
    213 6 IF THE current buying-in order against Malayan Banking shares illustrates anything, it irf there are a number of anomalies yet to be ironed out in the stock market. Buying-in orders reflect a kink in the regulated manner stock market transactions are handled and one
    213 words
  • Article
    Shareholder control too illusory to prevent insider trading
    2065 6  -  THE LAW AND THE COMPANY DIRECTOR THE large number of counters suspended on the Singapore Stock Exchange may be an indication of the extent of insider trading by some local directors. AWTHER SINGH examines this in Part IV of his series on
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  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      155 6 k ■*31 »»r "V- mm m Sandemartfs Cream Sherry You don't have to pay a high price for a good Cream Sherry. )C\ Another quality product from 'FuTIJRf GENERATION' Hotel RDyal-RAMADX Newton Road. Singapore 11. Republic of Singapore Telephone *****1, Telex. RS-***** Cables: HOTELROYAI Indonesian set lunch daily for lovers
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      58 6 OUTLOOK for Singapore from 6 a.m. to noon today: Cloudy with scattered showers occasionally. Prt«f n p-m- Pee 12 mi the airpwt: Maximum temperature 30 ic Associated humidity 75 Minimum temperature 23 6C Associated humidity .."."".""...100 Hours of sunshine 5.78 Rainfall in millimetres 57 Total rainfall for the month 570
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      251 6 tv&radio SINGAPORE 5 Opening followed by The Beverly Hillbillies The Great Revelation (Repeat)* Diary Of Events (Malay)* Bonanza The Customs Of The Cowitry* Intermission Opening followed by Petticoat Junction (Repeat)* News in Brief* Timang Tinggi Tinggi peat)Candid Camera* News and Newsreel in Malay* The Music Man* Digestion In Our Bodies*
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  • Article, Illustration
    Tempers may soon fly
    1766 7  -  ASEAN AND JL AUSTRALIA ON A COLLISION COURSE i By JOHN TAN THE ASEAN countries and •Australia are accelerating rapidly towards a collision 'that could leave relations "In the Australasian region spured for many years to come. ~r„The issues may seem '•petty at first. Australia, trying
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  • Article
    STRAWS IN THE WIND
    367 7 IT WAS, ol course, always f on the cards that UOB would take In another local bank. There are (our vertical strokes in the bank's i logo but only three estab- gjished banks in the group to IwAccount (or them. If UOB gjuca intend to make
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  • Article
    Shopping for humanity
    990 7  -  [FORUM .with Tye Kim Khiat BROWSING around in Singapore, oae Is always irresistibly tucked by some unearthly gravitational forces towards the "People's Temples." Yes, People's Temple. That macabre name that reeks of Jim Jooeg and his Uk. But as meameric and aDuriag edifices, they exude no evil,
    990 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      318 7 v~^f; PS A v.: HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****# ■zi HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** jr# —v zn GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9 Tel: *****1 "COME, WINE AND DINE
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      40 7 Bristow: FmnkDuieas Mou) T*4iS r\?pf\\& UPtRDeN ifc>2 FV4D WfNMDSOOTe PoUC£ CONSTTF\BLC 111 0.. MOiJ rr hp*s 6e£j4 to see-tVAGie Suossom FM^D WW s?r TvAefie <30 f\ PfMC Of LCM£B»RDS IN Buoe secGe CmmPING OFF V4RKID IN HP*4O »HTO thc so^ser..
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Concern over rise in margin trading mounting
      635 8 TOKYO Source: Daiwa Securities THE MARKET continued to rise yesterday with interest mainly on medium-sized blue chips and pharmaceutical issues in the morning, but most o* them lost their morning gains in the afternoon due to news that the chairman of the Tokyo
      Source: Daiwa Securities  -  635 words
    • Article
      Sydney
      252 8 DEC 12 Cents INDUSTRIALS A. C I A. M. L A P. M. Ampot Pet HP Bank NSW 185 its 112 75 unch unch -1 MO uneh Borml Brsmblei zz: 22t 165 -1 4-5 C B. A. 6. S. R. Coal Allied Dun lop fix. Ind. 236 337 902
      252 words
    • Article
      Bangkok
      317 8 THE STOCK market closed mixed with more gains than losses in moderate trading which concentrated on the financial sector, dealers said. Among the winners. Raja Finance jumped 130 baht to 1,740, Thai Commercial Bank and Asia Credit 8 baht each to 538 and 436 respectively while Thai Danu Bank
      317 words
    • Article
      Manila
      73 8 THE MARKET closed mixed yesterday with minings firm while commercials and oils declined, dealers said. Turnover row to 14.2 million pesos from Monday's 11.2 million. Gainers were Benguet Coo B, Lepanto B, Landoil B, Pogei, Pioneer, Meralco and PLOT while losers were Marinduque B, Basic Petroleum, CDCP, and San
      73 words
    • Article
      Lock icon Tokyo Electric
      72 8 Reuter. COMMERZBANK said as lead manager that the Tokyo Electric 40 million mark convertible bond has a life of just over eight years with a 3-1/2 per cent coupon and a conversion price of 476 yen per share at a fixed exchange rate of 104.46 yen per mark.
      Reuter.  -  72 words
    • Article
      Lock icon Hongkong
      312 8 Source: SHK Sec Ltd PRICES WERE weak throughout the day as turnover slipped again. Although overnight moot? rates were lower, the situation in Iran, a weaker US and bearish press comments on the Opec meeting caused investors to keep away again yesterday. Seng Index: 513.81 Turnover HK534.44 million DEC
      Source: SHK Sec Ltd  -  312 words
    • Article
      Selected Indices
      64 8 FINANCIAL TIMES INDUSTRIALS Monday 492.3 Friday 493-3 Week Ago 480.9 DOW JONE8 AVERAGE INDUSTRIALS Monday #17.66 Friday 811.85 Week ago 808.83 LONDON DOLLAR PREMIUM Monday 82 to 83 H Friday 84 W to 86 H.K.HANG SENG Tuesday 513 81 Monday 518.94 Week ago 518.93 SYDNEY INDUSTRIALS Tuesday 458.29
      64 words
    • Article
      Only a small gain
      310 8 TORONTO THE MARKET closed on Monday with a small gain with advances lending declines 210 to 303. The composite index, down slightly through most of the session, closed one half ooint blotter. Canadian Pacific rose 3/8 to 253/8 in active trading following a dividend increase. Kaps
      310 words
    • Article
      Jo'burg
      9 8 THE JOHANNESBURG stock market was dated m Mmday.
      9 words
    • Article
      Narrowly mixed trading
      505 8 EUROPEAN MARKETS ZURICH prices were mixed on Monday. Industrials lost ground on the continued weakness of the dollar. Losses included CibaGeigy, Sandoc, Hero. Netbe, Ljelmoli, Globus and Merkur while Georg Ftocvhr bearer and Sulzer registered advanced. Banks, financial* and industrials were narrowly mixed. Saurr registered and beamrose
      505 words
    • Article
      Zurich
      193 8 oec i 1 Franc* Action J Suiaaet no -I UTT Me Mr 1010 ■.V W Bowl Br. 1666 -15 Clba Oelty Br. ins 5 Ctba Oelty P C m •ft am oem Ret (30 uneh Credit SulMe fir 2190 -10 Credit SulMe Ret 422 unch BekVowMt Br too -15
      193 words
    • Article
      Amsterdam
      145 8 DEC 11 ru ABN 368 SO tOi Ahold 110.00 -15 Akao m«o -01 AMEV 00 10 <08 Amlu 10&90 unch Amrol Bank T5J0 01 Bote m oo -u Burhmann Byenkorf not u Cah* Delft Dell MIJ —tiajp u Ennla Fokker ***** v to Oi -XI Port Oil— OlMbroc OobaJn
      145 words
    • Article
      Frankfurt
      207 8 DEC 11 Dm Aef-Telefunken 1100 Akao SB 40 All* Leben moo 4 10 A1U Vers 407.00 unch BASF 136.406 Bay H T Wbank 317.00 -13 Bay Vbank 327 SOB IWy r 140 00 -0.3 BBC 306.50 I 3 BMW 22&.00 iOi CuMllt 381 00 -4 Chen Verw moo tOi
      207 words
    • Article
      Paris
      271 8 DEC II Fr» CORBE1LLE Air-LKjulde B 8 N OervaU Danone C 8 F < ThomsonCtf) Cle Francalae dei Petrole* m 962 3M MIJO -4 -IS -5 0J CompiinK Flnanciere Compafnte Generate 309JO u Credit Fonder De France 453.50 •u Hache tie (Ubralrle) 251 SO -13 Machine* Bull Mlcheiln (B)~
      271 words
    • Article
      Brussels
      94 8 DEC II Fra FORWARD MARKET Accc 400 -4 Arbed 2135 -40 Aitur MO .2 Brmacan 435 -8 Bru-Lamb too unch Cinptc MO -10 Cock 432 -0 De Been 183 unch Eta 2315 -30 Eleclrobel 1230 3D Cb-Inno-Bm 2505 15 Oev 1340 20 Hobo* 2406 -5 Petro 3190 -56 Ryl
      94 words
    • Article
      Investors still lack conviction
      1251 8 NEW YORK GLAMOUR and blue chip issue led the stock market higher in light trading on Monday following some hopeful developments on interest rates and inflation. However, analysts said the light volume indicated investors still lack conviction about the outlook for inflation and interest rates and
      1,251 words
    • Article
      Lock icon Another three projects for Blue Circle
      204 8 Reuter BLUE CIRCLE Industries said it is continuing its overseas expansion programme with three projects totalling £178 million in Mexico, Malaysia and Nigeria. Empresas Tolteca Mexico, which is 49 per cent owned by Blue Circle, has completed arrangements for a US$lOO million loan to
      Reuter  -  204 words
    • Article
      Ferodo expansion
      178 8 FERODO, the French motor components group which three months ago upset the expansion plans of the UK's Lucas Industries, is making two more important moves to strengthen its market position in Europe. Firstly, Ferodo has, for an unspecified sum, bought control of Soma Europe Transmissions, a company based
      178 words
    • Article
      Lock icon OMRON TATEISI EUROBOND
      164 8 Reuter. OMRON Tateisi Electronics' 50 million mark convertible Eurobond will probably carry a 3-3/4 per cent coupon, Berliner Handels Und Frankfurter bank Mid as lead manager. Bond market sources noted this is the first issue to break the 3-1/2 per cent level which has been standard on
      Reuter.  -  164 words
    • Article
      Best Denki
      31 8 BEST DENKI said it plans, to make a private placement of a X) million Swiss franc convertible bond with Swiss Credit Bank In March. No further details were given.
      31 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      390 8 TV f m SB 5 i >9r ->* 7* 'A Zr Si ■if. a mnKE IDEM GIFTS thif&tristmas The Illustrated History of Rock Music Tell the story of rock and roll from its creation in the 1950's to the diverging sounds of today. There are detailed accounts of the music's
      390 words
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      CHUBB GROUP INCOME UP 23pc
      289 9 r EUROPEAN THE CHUBB group of companies, both In UK and abroad, made a trading profit of over £8.3 million in the half yearly period, April-September, this year. Group sales increased by 14 per cent and the pre-tax profits by 23 per cent over the
      289 words
    • Article
      Nordic plans to acquire Nordfinanz-Bank stake
      501 9 NORDIC BANK, which has an active presence in the Asia-Pacific through its branch in Singapore, will soon become one of the world's major consortium banking groups. This development will result from the bank's purchase of 54 per cent of the share capital of NordfinanzBank
      501 words
    • Article
      Lock icon Olivetti capital rise
      356 9 FT. OLIVETTI, the Ivrea-based mechanical engineering and electronics group, is to double its capital to 200 billion lire through a rights issue and convertible bond issue. Proceeds of the funding amount to some $118 million. The operation, announced recently by the Olivetti board, is the latest stage
      FT.  -  356 words
    • Article, Illustration
      Lock icon Toyo Kogyo anticipates record output this year
      154 9 UPI TOYO KOGYO at Maad» can aaM aa Monday Its production this year la expected la reach aa all-time Ugh af mjm salts, an (ram the previaaa reeard af BM,MC salts la llTIa The eompaay aaM predaetiea daring the first It meatha af
      UPI  -  154 words
    • Article
      Lock icon Efficiency drive boosts ICI profit
      250 9 ASIAN Reuter. ICI AUSTRALIA has reported that attributable consolidated operating profit has risen to A 548.53 million for the year ended Sept 30, from $33.99 million in the same period last year. Group sales also rose to $819.33 million from $758.30 million; other income jumped
      Reuter.  -  250 words
    • Article
      Lock icon Sun wants minority stake in Mei Fung
      152 9 Reuter. THE SUN Co said it will offer HK$l.3l a share for the minority holdings in Mei Fung Fibre Industrial. It announced on Sept 3 that it had acquired a controlling stake in Mei Fung, but did not give the size of the
      Reuter.  -  152 words
    • Article
      CHICAGO BOARD OPTIONS
      1552 9 On December 11 CHICAGO Board Options Exchange Volume expanded to 92.638 contracts from 78,891 last Friday. OPTION JAN APL JLY STOCK 40 8't UNTRD NOL 484 Ainu 45 4. 54 7 48 V, AhfKI ISO 1 5/16 215/16 44 484 Ainu 80 UNTRD UNTRD UNTRD 48 V.
      1,552 words
    • Article
      Lock icon Associated Hotels enjoys earnings jump
      176 9 Reuter. ASSOCIATED HOTELS has announced that reported group net profit rose to HK590.21 million from $25.12 million previously, for the year ended Sept 30. Earnings per share also soared to 77.3 cents from 21.5 cents for the same period last year. The company has declared
      Reuter.  -  176 words
    • Article
      Lock icon Hitachi VTRs for GE
      79 9 UPI. HITACHI of Japan has agreed to provide General Electric of the United States with its video tape-recorder-players, (VTR) replacing former eon trader, Matsushita-Kotobuki Electric, industry sources said on Monday. The sales agreement calls on Hitachi to export 5,000 units of VTRs to the US electric
      UPI.  -  79 words
    • Article
      Lock icon Eastern joins the National Airlines bid
      776 9 N.AMERICAN NYT. IN ONE OF the most striking developments since airline deregulation began in October, Eastern Airlines Joined the scramble on Monday to take over National Airlines, offering US$425 million. Eastern's offer of $50 a share for National stock was $9 more than that
      NYT.  -  776 words
    • Article
      Lock icon International Harvester down slightly
      142 9 Reuter INTERNATIONAL Harvester has reported that third quarter earnings per share dropped slightly to US$2.4l from $2.56 in the corresponding period in 1977. Net profit was down to *73 million from $75.4 million despite a sales rise of $2.06 billion from $1.71 billion previously. Earnings per
      Reuter  -  142 words
    • Article
      Lock icon Wrangler jeans in Russia
      90 9 Reuter. BLUE BELL said it plans to sign a science and technology agreement with the Soviet Union in what could lead to the manufacture of Wranglers Jeans plants in that country. The garment firm said the agreement, to be signed in Moscow, was "a neces- sary
      Reuter.  -  90 words
    • Article
      Lock icon Will it be a B747 or the DC-10 lor Korea?
      414 9 AP. BOEING and McDonnell Douglas are in a merchandiser's dogfight for about US$l billion in business from Korean Airlines. Sources close to the airline say the contract is worth $800 to $990 million. What's more, the company that wins probably
      AP.  -  414 words
    • Article
      Bankers Trust's new foreign exchange service
      276 9 BANKERS TRUST Company of New York has introduced a foreign exchange reporting service for banks and corporations subscribing to its "Cadi Connector" on-line communication and information system. The new service provides comprehensive and up-to-date information on 'all the key currencies traded in the foreign
      276 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      101 9 Swing! Boring! Up to now all our "little ads" have been full of fun, French models, Hollywood starlets and peanuts. And you all have reacted very well to them. Thank you. This week our subject is Inventory Control, Account Receivables, Sales Reporting and Management Information. Difficult to make amusing. But
      101 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1046 10 BID and offer prices officially Hated and bualneaa tn and reported to the Stock; Exchange or Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word 'sett". Big Board deal
      1,046 words
    • Article
      Government bonds
      264 10 4 1/2* 1/8/80 (290,000) (99.298 99.356) 4 3/4% 1 ft/9/80 (290.000) (90.808 90.796) ft% 10/4/81 (290,000) (99.798 99.908) 0% T P 1/5/83 (290,000) (100.158 100 JOB) ft 3/4% T P 1 ft/8/81-84 (290.000) (102.306) 7% 1/8/88 (290,000) (100.008 100 798) 7 1/4% 1 ft/4/88 (290,000) (100.7&B) 7 1/4%
      264 words
  • Article
    Unit trusts
    139 10 ■NOAPMI UNIT TBUT moons IM 1 UNIT The Commerce lw DM IS) 1.07 2J8 (Camat prt Lit The Saving Fund i-» un Income Bond U1 S'pore PPBf Fund 0M Ml S pore Sec. Pud m La S'pore Invest Fund LS u» maba Hnran RA FUND en i i
    139 words
  • Article
    SHARE INFORMATION SERVICE
    2508 10 1978 Coaptay Last Div DW Y*ld P/S Vol Day High Low Sale +or- Crr COOO) Hl«k Low SECTION ONE INDUSTRIALS 272 132 Acma 212 12.0N 19 5.6 23.0 238 123* Alcom 234 10.0 2.2 49 179 178 107 Allied Choc 113 -2 9.6 3 115 113 219
    2,508 words
  • Article
    In Kuala Lumpur
    1319 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. INDUSTRIALS Ajanamata (2 658 2 938). Aleam (1.808 1 858) AMD <*****
    1,319 words
  • Article
    COMPANY MEETINGS
    372 10 Malayria Blee ladaslilns BM: AGM to be held at the Conference Room, Hotel Malaya, Jalan Cecil, Kuala Lumpur at 11.00 a.m. tomorrow. 8ovraa ladaoUlus Bhd: AGM to be held at the Conference Room. 14th Floor. Bangunan Hong Leong. 117, Jalan Bandar. Kuala Lumpur at 10.30 a.m. tomorrow. faetarlag
    372 words
  • Article, Illustration
    Trading at the market reduced to a near standstill
    418 10 BONO LBONO Flaaaee aid Slags pare Plhbm tary aaepeaatoa IjTe Stock Exehaage ef Btogapnre ppnijp It Ml i» A tf "riSag Bat the neat mi Hmil effer far the minority ■hares h fllagapan PV aaaea any veil have aeaae hearlag mm
    418 words
  • Article
    Prices continue to drift lower in slow trading
    596 10 IN ANOTHER session of lacklustre trading, prices drifted to a slightly easier close at the Kuala Lumpur stock market yesterday. There was little inclination to deal and transactions concluded were characterised by a successive scaling down in prices. Volume was again meagre
    596 words
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  • COMPANY NEWS
    • Article
      Time is running out for two tin companies
      471 11  -  By JIMI NGOH TIME APPEARS to be fast running out for Kuala Kampar Tin Fields and Kampong Lanjut Tin Dredging, two of the smaller units of the Malaysia Mining group. While Kuala Kampar accoutres that there has been "no change" in the
      471 words
    • Article
      Kamunting profit drops by 27 pc
      308 11 DESPITE the higher average tin price, pre-tax profit at Kamunting Tin Dredging (M) fell by more than 27 per cent to $431,000 for the six months ended Sept 30 when compared with the previous corresponding period. The drop in profit was partly due to
      308 words
    • Article
      Haw Par to redeem preference shares
      133 11 HAW PAR (LONDON) has advised that its principal and branch registers will be closed on Dec 22 for the purpose of redeeeming its 4 Vi per cent cumulative preference shares of 20p each. The shares will be redeemed at par on Dec 31 in
      133 words
    • Article
      DIVIDENDS ANNOUNCED
      531 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year A Hitam Plant 15%(b) Nov 22 Dec 2 Dec 8 15% 15% A Ent 10% I Nov 10 Nov 22 Dec 8 10% 20%(c) Talam Mines 10% I Nov 10 Nov 22
      531 words
    • Article
      SCRIP ISSUE
      189 11 Company Particulars Ex Date Books Close Mia Sec Bonus Issue of 1 (or 2 Dec 6 Dec 23 S'pore Land Rights issue of 1 for 3 $1 40 per share Dec 15 Dec 22 Synthetic Resins Rights Issue of 2 for 5 SI 00 per share Dec 13
      189 words
    • Article, Illustration
      Sea view bogged down by high interest rates
      781 11  -  By MANO SABNANI VALIANT ATTEMPTS by Sea View Hotel to pull itself into the black may be defeated by the high interest charges it continues to pay its creditors. The company's balance sheet for the year ended June 30, 1978 shows that
      781 words
    • Article
      Kramat releases good tidings
      359 11 THE ANNOUNCEMENT that conversion of a vital piece of the company's land from agricultural to mining use has now been effected comes at a good time for Kramat Tin Dredging which has just reported a marginal fall in net profit to 11.55 million for the half
      359 words
    • Article
      PUTTING YOUR TRUST IN A GROWTH FUND
      419 11 CHARTERED Unit Trust Management, the company which manages the Singapore Growth Fund, announced yesterday that there would again be an increase in the distribution payable on Dec 20 in respect of units held (or the full year to Nov 5, 1978 (group one
      419 words
    • Article
      Argument does not hold water KLSE tells Central Sugar
      368 11 REITERATING that Central Sugars' large Investment in Pan Malaysia Cement Works (PMCW) falls within Listing Requirement 4(11), the Kuala Lumpur Stock Exchange has told the company that the mere tact that It has some investments in some companies does not make
      368 words
    • Article
      COMPANY BRIEFS
      275 11 SINGAPORE TRACTION COMPANY (1IM) LID'S adjourned extraordinary general meeting will be held at Nos. 2203-5, High Street Centre, North Bridge Road, Singapore at 11 a.m. of Wednesday, Dec 27. Resolutions to wind up the company and to appoint liquidators will be proposed at the meeting. SWEDISH INVESTMENT BANK
      275 words
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      Page 11 Advertisements Column 1
      249 11 Why not give yourself the gift you deserve. You may not have considered buying yourself a gift this festive season but there are some things which are too important to be left to chance. Like The Asian Wall Street Journal. The Journal is a business tool designed to be used
      249 words
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  • Article
    Mitsubishi raises FRCD issue to US$30m
    251 12 MITSUBISHI Bank has increased the issue of its floating rate certificate of deposit (FRCD) from US$2O million to $30 million due to tremendous response from investors. This is the first "mixed maturity" FRCD, offering investors the option of either subscribing to an 18month tranche
    251 words
  • Article
    RADIO ACTIVE SCRAP
    116 12 NATIONAL Iron and Steel Mills Singapore received early this month a consignment of scrap metal in which a density gauge had radioactive substance. The scrap had then been discharged into one of the furnaces which later showed radioactive contamination. The Ministry of Science and Technology said yesterday
    116 words
  • Article, Illustration
    Lock icon Banks' loan thrust is more aggressive
    355 12  -  By SOH TIANG KENG BANKS are adopting a more aggressive lending posture this year. Latest Government statistics up to October show that their loan-depos-it ratio is 120 per cent against 114 per cent recorded last October. This is the ratio between loans, including bills
    Source: Department of Statistics  -  355 words
  • Article
    Cash crops start fertiliser boom
    414 12 CONTINUING high commodity prices in the world markets for Malaysian rubber, palm oil, pepper and cocoa have enccouraged greater use of fertilisers for such crops thereby resulting in a fertiliser boom in the country. This was stated by Dr Ulrich Belger, head of BASF's fertiliser
    414 words
  • Article
    LONDON STOCKS
    818 12 LONDON. Tues. Share pric«s closed lower in thin trading and in the absence of any encouraging economic background news, dealers said. At 3.0G p.m. the Financial Times index wa down 4.7 at 487.6. Leading industrials held steady at the lower levels with losses ranging to Bp. Government bonds
    818 words
  • Article
    Reminder by asst engineer
    355 12 A HULL section assistant engineer yesterday testified he had told the foreman of the section that hot work was not to be done in the vent pipe area of the ill-fated tanker, Spyros. Mr. Chan Ngah Cher, the assistant engineer, said he had boarded Spynx with
    355 words
  • Article
    Power behind 12,000 new jobs
    171 12 THE manufacturing sector, the engine of Singapore's economic machine, is expected to provide some 12,000 new Jobs a year. According to Mr. Bernard Chen, Minister of State for Defence, one of every two new Jobs will be provided by the manufacturing sector. Mr. Chen, who
    171 words
  • Article
    Lock icon Saudis favour small, gradual price increase
    351 12 UPI. aAUO M B s t«r try faveara graiaal ail price toereaee. 1m m Wirrlw to tke Meeea amapapui. AmNaiwe, Skeikk v aali Mara Ittftag far Aka DM (far tfce eeml"Ow "►XT af view to> veara a mhUI ami jraiaal laereaae aa that tke
    UPI.  -  351 words
  • Article
    Congress' oracle sees a slump next year
    654 12 THE CONGRESSIONAL Budget Office is projecting a decline in the nation's output of goods and services for the final two quarters of next year. This would meet the formal definition of a recession. If the congressional analysts prove correct and in the past
    654 words
  • Article
    JAPAN'S 1979 GROWTH
    216 12 JAPAN'S economic growth rate will decline sharply in fiscal 1979 starting next April 1, the Japan Economic Research Centre predicted on Monday. It forecast a growth of 4.5 per cent in terms of real gross national product next fiscal year. For the present year, the growth rate
    216 words
  • Article
    Iran oil output cut by 73pc
    95 12 LATEST figures for Iranian oil output show that strikes have cut production to 1.8 million barrels a day, a little over a quarter of the normal rate. Oil industry sources said the figures were for the 24 hours up to last Sunday. No data
    95 words
  • Article
    BOOST CAPITAL, KL SMALL BANKS TOLD
    606 12 DOMESTIC banks in Malaysia with a small capital base and weak managements were urged to either increase their paid-up capital or merge to form larger units in order to play a more positive role In the financial sector. Finance Minister Tengku Razaleigh Hamzah also
    606 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      2 12 Lee4er...Psge C
      2 words
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      Page 12 Advertisements Column 2
      179 12 A CREDIT CONTROL INSTRUMENT "Know who sues who in Singapore" Subscribe New Please eater my sabscripttea far 1 year far year weekly Ceart list far $2t/- per meath. Dwigwtlw: CMBpaay: T.: PRICE SINGAPORE P.O. BOX IJK Maxwell Em 4 Past Office Utmmm t CABLE "PRICESIN" TelepbMe: *****CS IT PAYS TO
      179 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        PLA charges up
        55 13 THE PORT of London Authority has advised its customers that scheduled charges will be increased by 7</2 per cent from Jan 1, 1979. The present discount for palletised and skid—packed imports and exports will also be increased by V/i per cent. These changes have been discussed with
        55 words
      • Article
        Lock icon Multi-million $ yard
        85 13 Multi-million yard Reuter THE HONGKONG government has granted a 9.2hectare site to a locally-based consortium which plans to build a multi-million dollar shipyard complex. A spokesman said the Euroasia Dockyard Enterprise and Development Company has signed an agreement with the government for the site on the West Coast of Tsing
        Reuter  -  85 words
      • Article
        Lock icon Floating platform
        80 13 UPI. A JAPANESE company has announced a plan to construct a floating platform, which will include offices, a 179-room living facility, a swimming pool and a helicopter pad. Ishikawjima-Harima Heavy Industries Co said the four billion yen (about 5540.4 million) order came from Zakum Development Co and will
        UPI.  -  80 words
    • Article
      Bridging the shipowner, shipper gap
      482 13  -  By RAHIM KASSIM NATIONAL shippers' councils from countries in Asia and the Pacific should now be better equipped to reconcile the conflicting demands of shippers and shipping lines after attending a workshop on shippers' cooperation held in Bangkok from Nov 27 to Dec 8. The
      482 words
    • Article
      Lock icon SHIPPERS HIT OUT AT FREIGHT HIKES
      153 13 AFP. THE ASEAN skippers' con noil* have erlfleM alleged arbitrary freight lacreaaes la the last Ave years hy Haer shlppiag caafereaees despite the councils' ehjeettsaa. The Pederatlaa ef Aaeaa Shippers' Caaaeils (PABC) la a peslttea paper slgaed hy PUIp piae Trade Mlalster aad PASC
      AFP.  -  153 words
    • Article
      Lock icon Chinese grain chartering dominates markets
      349 13 AFP CHINESE grain chartering dominated the London freight markets last week, with more than 650,000 tons of shipping booked including a monthly contract over next year. Elsewhere in the grain trade, large bulk-carriers were in short supply. This resulted in a jump in the rate
      AFP  -  349 words
    • Article
      Lock icon London freight
      206 13 UPI. THROUGHOUT the freight market, conditions looked rosy for shipowners on Monday. Trans-Atlantic grain bulker rates rose to another new peak when a 70,000-ton December-January loader secured U559.25 (FIO) for a US Gulf to Holland shipment. US Gulf grain fixing to Japan remained steady at $13.25 (FIO) for
      UPI.  -  206 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3179 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
      3,179 words
    • Article
      Container Schedules
      999 18 r RECEIVING OF EXPORT FCL CONTAINERS 1 AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to tne Authority's premises
      999 words
    • Article
      WHO ACTS FOR WHOM . . .
      921 18 WHO ACTS FOR WHOM The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental— Same. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intennodal. Algerian National Line (CNAN) —Unipacific.
      921 words
    • Article
      Lock icon How shipowners and bankers can stay afloat
      766 18 FT THE MIND of the banker and the mind at the shipowner are often assumed to be different in type; the one cautious, thorough, and figure conscious, the second somewhat dashing, impulsive and fascinated with the operational side of the business. In some
      FT  -  766 words
    • Article, Illustration
      Being truly master of the harbour
      156 18 THE HARBOUR Master at Tm Part Is nrflMMl Faglsad can anr keep a eeastaat watch an (he mavemeat af ■hips (reai ap te 32km away tram kie A aew radar system, lastalled reeeatly, sappttes lafermattea te tke eperatteM ream by tkree iairprai eatja«?ar. rftes
      156 words
    • Article, Illustration
      SHIPS IN PORT
      410 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Mas (2300 after Asean Endeavour )19 Bunga Melor (0600 after Bunga Melati, will shift on 15th/0600 for P/O) 33/34 Fong Siang (1500 subject freeboard) Golden Bear (after Sibonga)47 Golden Wonder (0600 after Fortune Victor) 25 Hoegh Pride (after Barcelona Maru) 46
      410 words
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      Page 13 Advertisements Column 1
      639 13 BarberOueSea DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pie Ltd Tel 9265 1 Har'isons Crostieid Kuala Lumpur Tet■ MOSti'i Pernas-MISC Penang Tel ***** <So> A RI) IM \\l A I m <2% Orient Overseas Co*dctMeA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) mh»cator <m
      639 words
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      Page 13 Advertisements Column 2
      215 13 Jil SEALORD ANTAH r s UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. HI Ti RED SEA DIRECT SERVICE Vessel S pore Loading for SSIi tSi SttlOM) SHTMNG AGENCfS (««f. lb. *****5/00 C) 3*o riOOR. MAMNA HOUSE. SMGAPOftf
      215 words
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      0 13 ,_?)_]"-.\;>,~?']@[/-@~/.$^,}&;
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      836 13 SINGAPORE BUSINESS 7hp p. JS r ipss *wA< ;q« j71 np Fpr u S PaC'f'C i>o(t A;iani>c j"d£asi IAI »u«tc.cf?o?ing 'o» Hong*o»»g T,nw«i" J.io.ir FULLY CONTAINERIZED FAST OI«ECT WEEKLY ■i.TiniliiT i l i3ffl m* i mil jECEaiiaQ «i few fast Asia (Hongkong Manila Keelgng Kaohsiung) lapan totyo Kobe Yokohama Nagoya
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      726 14 FULLY CONTMOBED TO EUROPC S'p»e PKetanf HT*»| Blum 14a EXPORTS L* Ham S pax PKelaaf Pen M>m Genoa H'bwj BTueen Rdam Antwerp Munstertand 15/12 6/1 20/1 18/1 14/1 16/1 Mnefcteai 20/12 22/12 26/12 24/1 2/2 1/2 30/1 28/1 Hammena 20/12 16/1 12/1 26/1 24/1 22/1 20/1 FULLY COMTMNEMSEO TO GENOA/TMESTE
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      Page 14 Advertisements Column 2
      432 14 835 Sk barber blue Frwt US ATLANTIC US GUlf t CAST CANADA Dk 14/15 Ok 2T/27 Im 19/20 Fib 11/12 ftb j|/19 Dk 17/11 o*c 29/30 Im 22/24 Feb 14/15 f* n/13 4 I Mj> 24 1 m» 24 2 Dk 14/17 ok 27/ba 4 Savsuh New Tart St WvNB
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      Page 14 Advertisements Column 3
      703 14 EVERGREEN LINE :E VERGREEN MARINE CORPORATION! FAR EAST/RED SEA, MEDITERRANEAN SEA 1 EXPRESS FULL CONTAMER SERVICE At SO ACCEPT WG CARGO FOR GENOA, LATTAKIA. BEIRUT ALEXANDRIA. BENGHAZI. TRIPOLI (LIBYA) 'Mtt fort %m 4 limtatt IttNrn fm Fttr Hrtin 23 Ok 3la slm 7 to. 13 tan In, hum, ttoi l«to.
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      Page 14 Advertisements Column 4
      810 14 Everett Lines 4 Burma Fhrt Star Sfcippiwi Carpn. JHk "BURMESE NATIONAL LINE" 10AHRE fqt RANGOON rmawisriwrw* <*d» CM? PP/IS Dk B F.S.S.C Agents Malaga TEPS MALAYSIA Port Kelang Tel (38) 7355 Penan* Tel. *****/***** Compama Arfantina Do HiiauoUa e A r I I Compama Artantina Da J IpTU Nlw l
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      Page 14 Advertisements Column 5
      858 14 iju ■■HMP SANKYO LINE AUSTRALIA SERVICE P. K«tan( Lm«« tar TMUR STAR 20/22 Dec 17/1J Dec SYD. MEL. MEL maysry 17/11 o«c h/»d* geraldton. aoel DtAMOND STM 21/30 Dec 26/27 Dec SYD. MEL. MEL BANGLADESH SERVICE GENERAL AGENTS CONTAMER BOOKMG LOW AGENTS P KELANG PtNANG 17/11 MM 15/16 MN CMTTAGONG.
      858 words
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      Page 15 Advertisements Column 1
      783 15 OCL Overseas Containers Limited COWTAiOBHP sonnet TO UK/COWOT: GONTMMKSMP SOWCt FROM UK/CONTKNT: 14 Dk HK. KS 17 *K MK m. 23 Ok HA. KS UM SaM SjM M 13 0k Ila IrtfftqT UOk 14 Ok li Dk 17 Ok 2* Ok 71m fate Mm 110k 19 Ok 21 Ok 20
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      Page 15 Advertisements Column 2
      707 15 GRANARD LINE NEST BOM3-FAR EAST/NEHTERRAItAN M.V. KM MH 208 Spat Mriaaf Paiang loaMag tar 22 Bk 26 Dk 21 Dk o*iMti/PSad/AtaMn4ria M.V. MUM FUNG *21* Ila II ten MV MAN TAT 22* Beirit lattatia Pirtaus Tnpoh Benghazi/htMM /1 was 12 la P Sad Mnanku Bei'ut lattalua Ptreans/Tnpo* Benghazi /MmM/Umml sf+
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      Page 15 Advertisements Column 3
      629 15 BEN LINE CONTAINERS EXPRESS TO/FROM EUROPE HBURC B HAVEN R DAM HAVW SOTO* Spore P WGenaaaj/Aastria Antaerp Hai(tonf Eiprvts Imrpad Bay Haabwf (qvns Braaaa Eiprtu Cadfeaa by 7/2 FROM EUROPE H BURC BHAVEN R ft Germany/Aasiria Be Hamkaaf Eiprtu SaM SaM bM I inter Al u ft IVI (/I U/l
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      Page 15 Advertisements Column 4
      550 15 I Scan Dutch V Spare I) Ifaetes 2) Uw Hker| 4) Uw| n/u vi 1/1 ii/i 12/1 JVI2 u/i w/i lt/i 21/1 7/1 2Vi a/i n/i a/i 12/1 JVI V 2 4/7 VI a/1 VI IV2 IV 2 u/l V 2 IV2 21/2 a/j a/2 ii/i a/i vj vj vj
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      Page 15 Advertisements Column 5
      668 15 GUTHRIE BOUSTEAD THE BANK LINE LTD. FWHK Sl* (thorites. I LOADS FOR E.l S. AFRICA Dortktt H. Pi. i S port »/23 to. P tart/17 Dk Sport fMm S port 27/31 I LYKES ORIENT LINE EXPRESS SERVICE MRECT FROM SMGAPORE TO NEW ORLEANS. MOBS.E. HOUSTON. GALVESTON. ALSO ACCEPTMG CARGO FOR
      668 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      780 16 K line \vKAWASAKI KISEN KAISHA. LTD. (VIA SUEZ by Container Vessel TO EUROPE l Ha»ie H txifg 7 tan 9 tan IOCATOR MT 19 D*c 20 D*cl 7 tan »tan 10 tan 11 fa OttNTAL C*F 1?* 26 Dm 27 Ok 14 tan It tan 17 tan II fa HK
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      Page 16 Advertisements Column 2
      997 16 0.5.A./EAST CANADA SERVICE ACCEPT** Fa/ia CONTABOS FROM PENRNG. P KELANG. STORE loadtag tor NEW TOM. W»OU Peinr* Betonen P Keiang Singapore bma~ mstv $co ic/mbk m/mbk gu/itok E.C./GREAT LAKES SERVICE t tar NORFOLK HEM YORK MONTREAL. TORONTO. ASHTABULA. DETROIT. CMC AGO Penang Betonan P W»| Singapore CALIFORNIA/PACIFIC NORTH NEST SERVICE
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      Page 16 Advertisements Column 3
      912 16 NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ): S port P Keirnt StOfi Havre Hburf Brew Rda*n maiOf 19 Ok 20 Ok Slm 7Me t tan 10 Me nMe 0.00 20 Ok 27 Ok 121 m 14 Im UMe 17 Me II
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      Page 16 Advertisements Column 4
      512 16 MALAYSIAN INT[*NATtONAI SHIPPING CO*PO*ATtON BfKHAD EXPRESS FULLY CONTAINERISED SERVICE 1) Makno Stockholm Oslo Helsinki, 2) Copenhagtn Aarhus 3) Brtmen 4) Antwerp Amsterdam UK 5) Basle Bordeaui Also accepting intermediate cargo to Hongkong I lapan EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT I| Man. S pore P Kelang Penang laadng tar: B KIOB
      512 words
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      Page 16 Advertisements Column 5
      865 16 Jmtmt ■UM t INTRfISEfI (PTE) LTD abet House <_ 34E Orclwd Head Singapore Telephone *****T1 *****^7 .11 port f Kcttni Ptnaat 14 Ok kM r«M/ITtaf|/AMrp Ik 23 Ok R'<m H hurt Bottom MIRA9U (fH) lIS 2352(11 HOMK 23SMM' r no wmm i trams mm. mm wi ana overseas mmim mm-
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      207 17 EGYPTIAN IN FRNA ti Onai lINE 'EIL) cG Y J "?l A N FL AG ■c FAST MD MRECT UNER SERVICE TO EGYPT Z: (FORT SAD ALEXANDRIA) STOH n KB. HUMS PTSMD HB MM V taM UM OK 25 OK M m a In I II 21 VMII ImV MM
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      Page 17 Advertisements Column 2
      199 17 ANHSING LINE mi V M STOK PJIELANG LOON FATT 13/15 Ok 10/tt OK LOON CNONB 21/30 Ok 31/ Ikm 20/21 Ok 2t OK 2/ 3la 10 Im fpn lM*|kr tun 20/22 Bk IMK«/«aMM NEW ASM SHFfWG CO., LTD SEOUL ENIERPRI.SE (P r F) LTD M. fEMMHMI RUTNM ANGKUTAN PERTAMBANGAN M.Y
      199 words
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      Page 17 Advertisements Column 3
      218 17 OCEAN 4 CONTINENTAL ENTERPRISE PTE LTD c oorn 610 6th 'loor High Street Centre. S pore 6 Tel ***** "<9605/***** REGULAR SAILINGS 'O FROM B ANGK OK/SING APORE OCE i INE S (Acarmc gen cargo. amwKRS t tumrrs) ASEAN ENDEAVOUR ASEAN POKER AGENTS SMfUk: MRU) MMT LTD T«fc 233C213 tat
      218 words
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      Page 17 Advertisements Column 4
      182 17 I g Seatrain Full Container Service to USA FEW m STOKE MODO W 4 «HMI It/12 ImM 17/12 iMMftaa 24/] 22/12 147 ft Vkml 21/12 M* 2C/12 13/1 11/1 22/1 24/1 7/1 25/1 23/1 1/2 V 2 FuK Container Service from USA MODO Wt l/c GHZ OA* U M HUM
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      Page 17 Advertisements Column 5
      76 17 Ir NOTICES DUTCH m EIST LWE (POT.) of Rotterdam are pleased to announce the appointment of MW.L«S' (S) PTE. LTD as their General Agents for their new, Independent, reliable, conventional service to Europe. First Europe loader M.S. "ALIAKMON PROGRESS" Voy. 1W ETA B*pore 12/1/78 ETA Pt. Kelang 14/1/78 for Rotterdam,
      76 words
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