The Business Times, 19 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. 2WI/78 TUESDAY, DECEMBQt It, IRS 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Thai election
      63 1 AP BANGKOK, Mon. Thailand is expected to hold a general election in (our months time following the promulgation of the country's next Constitution, Prime Minister Kriangsak Chomanan announced. He said after the National Legislative Assembly passed the final reading of the Constitution by a vote of 330 to
      AP  -  63 words
    • Article
      Lock icon Some headway
      64 1 AFP KOALA LUMPUR, Mon. Some progress has been made on the establishment of the common fund to stabilise commodity prices during the recent Unctad negotiations in Geneva, Malaysian Primary Industries Minister Paul Leong said here today. He said that although the negotiations failed to agree on the concrete
      AFP  -  64 words
    • Article
      Lock icon ADB loan
      60 1 UPI MANILA, Mon. The Asian Development Bank today approved a US$4O million (SsB4 million) loan and a technical assistance grant of $150,000 for the improvement of roads in Thailand. The loan will finance the foreign exchange cost of the construction of nine provincial roads in the north, north-east
      UPI  -  60 words
    • Article
      Lock icon Bonn booming
      60 1 Reuter FRANKFURT, Mon. West Germany's economic upswing is picking up in recent months and has been unmistakably strong in some sectors, the Bundesbank said. Real gross national product grew a seasonally adjusted 1.5 per cent in the third quarter and stood some 4 per cent higher than a
      Reuter  -  60 words
    • Article
      Lock icon Japan trade surplus
      55 1 UPI TOKYO, Mon. Japan's current account surplus, a major indicator of trade activity, remained well below the year's monthly average of about US$l billion (552.2 billion) in November, government figures showed today. The Finance Ministry announced in its prelimnary data that November's current account surplus totalled $650
      UPI  -  55 words
    • Article
      Lock icon US team leaves
      58 1 UPI HONGKONG, Mon, The first American construction equipment delegation to visit China, left Canton today after meeting their Chinese counterparts. The focus of the visit, sponsored by the China Council for the Promotion of International Trade (CCPIT) consisted of technical seminars in Peking attended by over 150
      UPI  -  58 words
    • Article
      EEC oil bill
      36 1 BRUSSELS, Mon. European Common Market commissioner in charge of energy, Mr Guido Brunner, said today the oil price hike decided on Sunday will cost the EEC about US$5 billion (5510.5 billion) a year.
      36 words
    • Article
      Lock icon Dow Jones
      75 1 UPI NEW YORK, Mon. The stock market plunged today in reaction to the Opec decision to raise oil prices by 14.5 per cent over the next year. Trading was heavy. The Dow Jones industrial average was off 17.58 points to 787.76 around 11.00 a.m. It skidded 7.19 points
      UPI  -  75 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      134 1 Rises Most Active Kuala Sidim 220 8 H Par 547,000 418,000 228,000 OCBC i.TP 1975 Maiakorr 790 755 200 5 5 5 S Darby Wearnes Ham pas 396 4 U O B 180,000 04J B 326 4 Total Turnover 5.57m U O B 320 4 Total Value:
      134 words
    • Article, Illustration
      in Kuala Lumpur
      152 1 Falls Most Active St Steam 250 -15 S Darby 571,000 C A C 510 -15 H Par 305,000 Kennyan AMD Trotwh OCBC 180 -12 Gentings 184,000 0.55 650 79 -10 Consplant 175,000 -10 -10 -06 Total Turnover: 2.51m JP Coats 165 Total Value: MJ6 34m Oriental Gentings
      152 words
  • Article
    Dollar's sharp fall fails to shake local unit
    292 1 THE US DOLLAR fell sharply against major international currencies yesterday, but remained unchanged against th« Singapore dollar. Market sources attributed this stability to Monetary Authority of Singapore intervention to support the American currency. On a longer term, the market was also uncertain
    292 words
  • Article
    Ministry plans curbs on agencies
    516 1  -  RECRUITMENT ABUSE By FONG MEW LENG THE Ministry of Labour has withheld approval for the recruitment of foreign workers by registered employment agencies. Sources said it is possible there will be a revision of the Employment Agencies Act to tighten control over the recruitment of
    516 words
  • Article
    Texas Instruments buys Oberg plant
    464 1  -  By JOHN LIM TEXAS Instruments Singapore has agreed to purchase the plant and machinery belonging to Oberg Singapore, a die, mould and pattern maker. With the purchase, TT Singapore will be the group's only base outside the United States with a mould and die operation.
    464 words
  • Article, Illustration
    Korean Re will triple business in five years
    228 1  -  By SOH TIANG KENG KOREAN Reinsurance Company will triple its reinsurance business in Singapore and the region in five years. This was predicted yesterday "by Mr. Park Un Hoe, chairman of Korean Re. the second biggest reinsurance company in Asia. Mr. Park
    228 words
  • Article
    Now it's super banking for all those shoppers
    247 1 THE POST Office Bavt*gs Baak (P06B) eaten the market May with a Bae sf kraaebee is leailag aapenaarketa SapMrkMks!*"* The Saperhaaka will kegto Ufe treat U» thie anralag at CsM Storage aai 11 e'ctoek at Yaahaa* kraaebee la Katoag aai at Plaaa
    247 words
  • Article
    Heavy selling on SES wipes out early gains
    390 1  -  By MANO SABNANI IT WAS an eventful day at the Stock Exchange of Singapore with stocks struggling for direction against a background of conflicting factors. Trading began on a bright note in the morning with most stocks opening at an encouraging premium
    390 words
  • Article
    Asean textile study
    95 1 ASEAN is studying a complementation scheme among its textile industries, it was reported yesterday from Manila. The Times Journal said under the scheme, Thailand and Malaysia would supply the fabrics needed by garment exporters such as those in the Philippines. The journal quoted Don- ald Dee, vice
    95 words
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  • TRADE AND INDUSTRY
    • Article
      Failure to convert rubber fleeces KL of millions
      388 2 MALAYSIA is losing millions of dollars in foreign exchange needlessly by not converting conventional rubber ribbed smoke sheet (RSS) into technically specified rubber (TSR). This is because the price of TSR is higher than that of the RSS, the deputy general manager
      388 words
    • Article
      For the track records
      118 2 THE Chinese army's Railway Corps has laid 450 km of track this year on four lines in the northern border area to complete its target for this year. The New China News Agency said the major project was the line to Tibet and 651 km already
      118 words
    • Article
      Lock icon Stemming the tide to HK
      201 2 AFP SOME 100 Filipino travellers to Hongkong were barred from boarding their planes yesterday in the Philippine government's initial crackdown on Filipino tourists to the colony. A woman said that she was not allowed by immigration authorities to board her plane along with 40 other
      AFP  -  201 words
    • Article
      Lock icon Islamic chamber
      54 2 Reuter THE headquarters of the newly-formed Islamic Chamber of Commerce, Industry and Commodity Exchange will be located in Karachi, the chamber's first president. Sheikh Ismail Abu Daoud of Saudi Arabia, said yesterday. The chamber would strive for the establishment of a Muslim common market and an economic system
      Reuter  -  54 words
    • Article
      Lock icon Opec oil price move worries South Korea
      228 2 UPI SOUTH KOREAN government officials and business circles received with concern the news of the Opec decision to raise oil prices by 14.5 per cent in 1979. Officials at the Energy and Resources Ministry said South Korea's total crude oil imports during 1978
      UPI  -  228 words
    • Article
      Lock icon Escape from burning trawler
      59 2 AP THIRTY persons were evacuated from a Japanese fishing boat burning in the north Pacific after a second Japanese vessel came to the rescue on Sunday night. Canadian officiate said one unidentified crewman of the Hatsu Maru 55 was reported to be badly burned in an
      AP  -  59 words
    • Article, Illustration
      Hume humming with concrete orders
      619 2  -  ANOTHER PLANT IN JURONG By FONG MEW LENG THE HUME Far East group has expanded its manufacturing capacity in Singapore with an additional plant in Jurong. With a list of local and foreign orders, the records of the group seem to reflect a brighter outlook
      619 words
    • Article
      Lock icon Fuel from coconut
      78 2 UPI A FILIPINO research group has succeeded in producing fuel from the charcoal of coconut shells. Researchers of the Philippine Coconut Authority and the state-run University of the Philippines said they had successfully tested the gas as a suitable fuel for irrigation pumps and generators. The fuel
      UPI  -  78 words
    • Article
      Lock icon India is top buyer of palm oil
      124 2 AFP INDIA has emerged as the biggest buyer of refined palm oil from Malaysia for the past two years, Malaysian Primary Industries Minister Paul Leong said yesterday. In the first eight months of this year alone, India imported 185,694 tonnes of palm oil
      AFP  -  124 words
    • Article
      Lock icon Manila call for limited log exports
      189 2 AFP A PHILIPPINE giveruneat cnnalttoe hM reeeeimee#ed that the eeaatry M 4 export Itpwt limited basis ■rat ytw to ran reveaae to bay mmden wed aneemlag facilities. Depaty director geaeral mt the Nattoaal Eeeaamie Devetopmeat Asthsrlty, Maanel Ahto aid hewever the gaveraneat will stfefc
      AFP  -  189 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      332 2 MR. Michael Riding, vicepresident and regional manager of Chemical Bank Singapore, has announced the appointment of Mr. Leslie Msraayt as representative, International Commodity Finance Group. Mr. Muranyi will aim to develop a regional commodity financing group for the bank, covering Singapore, Malaysia, Thailand, Philippines and Hongkong. Mr.
      332 words
    • Article
      Lock icon Aussie inquiry calls for ban on whaling
      204 2 UPI AUSTRALIAN Prime Minister Malcolm Fraser relatsed a report from a whaling inquiry which urges th( Australian government la ban all whaling in Australian waters. Mr. Fraaer, who ordered the inquiry last said the government would make its decision on Unreport early in
      UPI  -  204 words
    • Article
      Lock icon Australia Papua pact
      92 2 Reuter AUSTRALIA and Papua New Guinea yesterday signed an agreement setting out a new seabed boundary between the two countries, ending a three-year dispute. This changed the traditional boundary in force at the time of Papua New Guinea's independence in 1975, and gave that country access to
      Reuter  -  92 words
    • Article, Illustration
      Australians find fishing in deep waters pays
      298 3 NEW DEEP-WATER ftshlag greaads discovered recently off the Math coast if Aasfralta are previag te be commercially viable. Skippers sf five trawlers eperatlag aat of Portland, western Victoria, since October lfH, re parted that the first year's IMMag has keen profitable. The trawling
      298 words
    • Article
      Lock icon Manila traders want to be ready for the boom
      232 3 Reuter PHILIPPINE businessmen will urge the government to embark on massive port and warehouse development needed for transhipment of American goods to China following its establishment of diplomatic relations with the US. The Philippine Daily Express newspaper reported that the the
      Reuter  -  232 words
    • Article
      Lock icon No Euro-yen bonds by foreign govts
      483 3 Reuter AFP JAPANESE finance ministry officials said the ministry does not intend to allow foreign governments to issue Euro-yen bonds on the European capital market. The officials were commenting on an economic daily, Nihon Keizai, report that the ministry would relax present restrictions on
      Reuter; AFP  -  483 words
    • Article
      MEMO PAD
      288 3 r COURSES AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, SITC Feb 12-13: Finance for nonfinancial managers, Ming Court, Price Waterhouse Feb 15-16: Critical path analysis and project management, Ming Court, Price Waterhouse Feb 19-20: Cost control for managers, Ming Court, Price
      288 words
    • Article
      Lock icon Taipeh counters with economic programme
      893 3 MORE INVESTMENTS ABROAD Agencies TAIWAN'S Prime Minister Sun Yun-suan presented a military and economic programme yesterday to the ruling Kuomintang (KMT) Party's central committee designed to counter any problems caused by Washington's switch of recognition from Taipei to Peking. The committee, led by President Chiang
      Agencies  -  893 words
    • Article
      Lock icon Malaysian CPI falls in October
      76 3 Reuter THE CONSUMER price index (or Peninsular Malaysia (base 1967) fell 0.2 per cent to 164.8 in October from 165.1 in September but was 5.1 per cent above the October 1977 level, the Malaysian Statistics Department said. The fall was attributed to a decline in
      Reuter  -  76 words
    • Article
      Lock icon Sharp decline in Nov Japanese textile export
      189 3 AFP JAPANESE textile exports declined sharply by 23.6 per cent in November or 71.7 billion yen (SS7OO million), compared with a year earlier. The figure represented 4.6 per cent of the total value of the month's commodity exports against 5.4 per cent in
      AFP  -  189 words
    • Article
      Lock icon S. Korea eases restrictions on imports
      157 3 UPI THE SOUTH Korean government announced yesterday new trade guidelines for the first half of 1379 and said 349 items will be automatically placed on an approved import list effective Jan 1. Officials at the Commerce-Industry Ministry said the items were picked from those
      UPI  -  157 words
    • Article
      MAS and union talks postponed
      109 3 THE NEXT round of conciliatory meetings between Malaysian Airway System and the Airline Employees Union will begin on Jan 3. MAS and union officials who attended a meeting yesterday called by the Malaysian Industrial Reletioos Department said fresh talks were scheduled from Jan 3 The
      109 words
    • Article
      Palawan output for refineries
      217 3 THE Philippines will not export the crude it expects from its oil province in Palawan. Instead its three refineries will procesa it into petrol, cooking gas, fuel oil, and other products. Energy Minister Geronimo Velasco recently said the crude from six oil wells in Palawan, 576
      217 words
    • Article
      GROUND WORKERS VOTE TO STAY OUT
      94 3 THE national air strike in Australia worsened on Monday as striking airport ground workers in Sydney and Melbourne voted to stay off the Job indefinetely. Following the workers' vote, an official of the Transport Workers Union (TWU) said if the situation is not resolved
      94 words
    • Article
      AUSSIE OUTPUT PEAKS EST DECEMBER QUARTER
      131 3 AUSTRALlANmanufacturers recorded their best quarterly performance for over (our years daring the December quarter, according to a survey conducted by the Confederation of Australian Industry and the Bank of South Wales. Respondents to the survey of industrial trends in Australia reported a substantial improvement
      131 words
    • Article
      Lock icon Projects worth $165m
      144 3 AFP THAILAND'S Board of Investment last month gave the go-ahead for 31 industrial projects requiring a total investment of over 1,500 million baht (SJI6S million), a 801 spokesman announced. Thai businessmen will provide 86 per cent of the investment for the projects while the remaining 14 per
      AFP  -  144 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      106 2 One more IDD Destination Spain (including Balearic Islands, Canary Islands, Ceuta and Metilla) Country Code 34 Charge per block of 6 seconds $0.90 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
      106 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      468 2 LI TWO-IM-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Colour of your money (6) 7 Australians? Not all! (8) 8 Stop producing ceramics (4) 10 Stop to adjust one's socks? (4,2) 11 Look and learn again (6) 14 Even shorter (3) 16 Apostle of Rock (5) 17 Strike to prevent fliers taking
      468 words
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      220 3 Wlmyoifretradingp^ci; yuu need a banker wno can tilink like a pepper trader. From financing pepper exports In Singapore to lining up import A pepper trader, say, in the Far East would expect to come to us for markets at the other end of the deal, pre-export financing, letters of credit
      220 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      226 4 THE Singapore rubber market yesterday closed slightly lower with January One RSS buyers quoted at 234.00 cents per kilo, down one cent from last Friday's close, dealers said. The morning session closed slightly lower, with January One RSS buyers quoted at 233.75 cents per kilo, down
      226 words
    • Article
      Closing prices
      29 4 Rubber: Dec 18 Singapore: January: 234.00 cents (down 1.00 cent) Malaysia: January: 236.50 (down 0.75 cent) Tin: $1,789 (up $3) Official offering: 182 tonnes (up 1 tonne)
      29 words
    • Article
      RAS PRICES
      358 4 Prices in cents per kilo yesterday: Noon Dose (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 232 50 233.50N 233.00 234.00N Int. 1 R.S.S. Jan 233 50 234.00 234.00 234.50 Int. 1 R.S.S. Feb 236.00 236.50 236.50 236.75 Int 2 R.S.S. 232.00 233.00N
      358 words
    • Article
      SSR and SMR
      104 4 NOON SSR and SMR prices yesterday Pefcrary BAS JSM —n (Cam it Mtfc) <* •rwart Mtfc) ■•van SeUtrt Ba yen Sellers (ee«U per kg) rate per kg) SSR 20 (1-ton pallet) 235.50 237 50N 236 50 238.50N SSR 50 (1-ton pallet) 232.50 234.50N 233.50 235.SON MRFXB SMR5CV
      104 words
    • Article
      Produce exchange
      226 4 IT WAS another quiet day of trading on the Singapore produce exchange yesterday, with no major changes in stocks and prices. No arrivals were reported by coffee dealers who said that trading is especially quiet during this time of the year. Most of the Latin American coffee producing
      226 words
    • Article
      Hongkong Comex
      178 4 SUGAR futures trading in Hongkong yesterday was quiet on continued lack of interest, with turnover unchanged at three lots, dealers said. March closed at 8.90/9.20 against 8.70/9.05 on Friday. The day's daily spot sugar price rose 0.05 to 7.95 cents. Sugar futures closing prices: Ctasteg Prevtois CMag Jan
      178 words
    • Article
      SPOT PRICES
      186 4 YARN and cotton in Hongkong dollars. spot ex-godown: Cattaa ymra: china Blue Phoenix 20b 2.285 32s 2,840; 40b 3.000 (per bale of 400 lbs). Ptoee gaads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying Geese unq (per piece 36
      186 words
    • Article
      Gold
      276 4 GOLD futures trading in Singapore yesterday closed on a steady tone, The total lots done was 33. Closing prices were December $210.90/211.70, January $212.60/212.90, February 214.30/214.50, April $218.10/218.40, June $222.00/ 222.40 and August $226.00/ 226.20. Meanwhile, Slagnas reported that the kilobar yesterday opened at the day's low of 5514,640
      276 words
    • Article
      Copper
      67 4 COPPER wirebars finished the morning down £8 all round in London yesterday morning. The early pre-mar-ket decline reflected the strength in sterlingg against the US dollar but some covering prompted by continental physical demand boosted values subsequently. Three months traded from a pre-market low of £783 up to £786
      67 words
    • Article
      Straits tin
      197 4 THE Straits tin price in Penang yesterday gained MJ3 per picul to *1,789, SB9 above the International Tin Agreement ceiling, dealers said. They attributed steadiness to the very small volume of tin delivered by miners during the week-end and demand from Japan, the US and Europe. Sentiment was
      197 words
    • Article
      Rice
      195 4 BANGKOK rice prices were quoted as follows on Saturday: (In US dollars per tonne F. 0.8. basis Bangkok) While rice: 100 pet Ist class 335 100 pet 2nd class 320. 100 pet 3rd class 315. 5 pet 308. 10 pet 250. 15 pet 280. 20 pet 275, 25 pet
      195 words
    • Article
      Coffee
      75 4 ROBUSTA futures in London yesterday morning ended a quiet opening session "about steady", £13 to £16 per tonne down from Friday after initial losses of up to £18. Turnover was 210 lots including around 56 lots of cross trades. Early trading was subdued. Trade house selling was matched by
      75 words
    • Article
      Sugar
      105 4 AT END morning raw sugar futures were £2 to £1.10 per tonne up in a turnover of 1,096 lots in London yesterday morning. Values displayed a steadier trend despite strength of sterling. Dealers said the market appeared to be more concerned about the possibility of a rush to buy
      105 words
    • Article
      Lock icon Irregular pattern of prices continues
      1066 4 AFP THE recent irregular pattern of prices continued on the commodity markets in London last week. Trading was tinged with end-of-year considerations and perhaps a little more responsive than usual to the still nervous movements among currencies. The meeting of oil-produc-ers in Abu Dhabi in
      AFP  -  1,066 words
    • Article
      Silver
      68 4 SILVER finished with gains of 1.4 to 1.5 pence in London yesterday morning. The early pre-market declined as the firmer tread of sterling against the US dollar prompted liquidation. But after trading down to 303.5 pence for three months, prices rallied well under short-covering and dealer buying prompted by
      68 words
    • Article
      Lead
      41 4 LEAD finished the morning up £3 for cash and down C 0.5 for three months in London yesterday morning. Routine trading was evident throughout the morning with three months holding steady at the close after sagging in the early premarket
      41 words
    • Article
      Zinc
      40 4 ZINC finished the morning down £0.5 for cash and up £0.25 for three months in London yesterday morning. The market was steady on modest short-covering and further buying of cash metal «rt>ich appeared to reflect producer interest, dealers said.
      40 words
    • Article
      Aluminium
      50 4 ALUMINIUM was £0.5 down for three months in Loodon yesterday morning. This market followed the trend in other metals. Prices rallied from a low of £619 paid for three months in the pre-market to close the ring at £622. The technical tight nearby position was also a sustaining influence.
      50 words
    • Article
      Cocoa
      31 4 TERMINAL cocoa in London yesterday morning eased on higher sterling against the US dollar closing with on balance 1o«ms of £10.50 to £19.50 per tonne although generally above session lows.
      31 words
    • Article
      China and Manila may continue copper talks
      259 4 A SECOND round of taiirs between China and the Philippines for the supply of Philippine copper to China may be held sometime in spring 1979 in Manila. Philippine government sources said no actual tonnage was offered to China, which is said to require
      259 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        449 4 NEWS of the Opec oil price hike brought the US dollar down against major currencies on the foreign exchange market yesterday. However, some central bank intervention saved the dollar from more serious losses. Opening at 193.85/05 against the ym. the US dollar sank to a low of 153.20/30
        449 words
      • Article
        Asian $ rates
        175 4 Asian rates ASIAN currency deposit interbank rates as at close on Dec 18 US D*Ua»<8p«) Qff rr gy 7 day* 103/16 101/16 1 month U 1 ll 2 months 117/16 114/16 3 months 1113/*****1/16 6 months 12'. 12 9 months U', U** 12 months 11'. 11*. 1 month 3 months
        175 words
      • Article
        Discount
        50 4 Raa* e of pi ■im offered by discouat kow »e« oa Doc IS: Oversight 4'.* Call deposit* 4 M>4'.% Cimmg 3 month Bayiag Settiaf Treasury bills 4'. 4 3 month Bank bills 7'. 7'. 3 month CD 7': 7'. 4 month CD 711/14 79/16 Source: National Discount Co Ltd
        50 words
      • Article
        MLR
        21 4 THE average rate at whiek. Singapore banks are currently prepared to lend to their beat customers is 7.5 per cent.
        21 words
      • Article
        London
        240 4 THE dollar in London yesterday morning was quoted sharply lower at the opening in line with the Par East on weekend news Opec will raise oil prices 14.5 per cent in stages through 1979, dealers said. Sterling opened firmer at 63.5 on its effective index from 63.2 at Priday's
        240 words
      • Article
        Hongkong
        309 4 THE US dollar recovered slightly from its early lows on suspected central bank intervention in Hongkong yesterday and general commercial demand, dealers said. They said late trading was more active and less nervous than it had been all day once the dollar's (all had bottomed out. The dollar was
        309 words
      • Article
        Tokyo
        191 4 THE US dollar (or overnight delivery closed at 193.30 yen in Tokyo yesterday, sharply down from a 195.30 opening and 196.95 at Friday's close, dealers said. The Bank of Japan was believed to have bought an estimated US$2OO million at various points from 194.20 to 193.30 yen, the dealers
        191 words
      • Article
        Frankfurt
        44 4 FRANKFURT exchanges opening quotes yesterday: us ism a Can i sm 30 Sig 3.7* 748 DTI «12 77 Sir 112 It 56 Lit 2.232 C Hr 43 38 S3 Nkr at e 37 05 Bfr con 6 309 319 UrflnOSM Yen O.SKt 70
        44 words
      • Article
        Australia/NZ
        57 4 AUSTRALIA NZ exctttages fames yesterday. US dollar 1 1440 lUK Sterling 0 Ninety-day air mail buying raw* Sterling 0 S& US dollars 1 1*44 Ninety-day forward buying rafts: Sterling 0 5*6 US dollars 114 M New Zealand Sterling 0 5344 OS3H US dollar 1.«3 1 0453 Ninety-dny airmail buying
        57 words
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  • OVERSEAS
    • Article
      Prices eroded as economy registers strength
      513 5 "MR. ALAN Lerner, senior vice-president (money mar- ket economics), Bankers Trust Company, reports on the US money market last week: tI >SIGNS of a buoyant economy exerted upward pressure on interest rates in jhe US government securities market last week, i. The most vivid
      513 words
    • Article
      Lock icon Losing war with Israeli inflation
      254 5 AP ISRAELI ministers and labour leaders have called for drastic economic measures to fight rampant inflation. The consumer price index leaped 6.2 per cent in November, for a cumulative rise so far this year of 43.2 per cent, the Central Bureau of Statistics announced. The
      AP  -  254 words
    • Article
      Lock icon Lay-offs in Cleveland
      65 5 Reuter ABOUT 3,500 municiapl employees will be laid off in Cleveland starting from today as part of Mayor Denis Kucinich's plan to keep the city's financial crisis from deepening. On Saturday, Cleveland plunged into fiscal default after failing to repay some US$l5.5 million (5534.1 million) in loans
      Reuter  -  65 words
    • Article
      Lock icon China backs longterm trade pact with US
      716 5 SEARCH FOR BETTER TERMS AFP UPI CHINA is willing to sign a long-term trade agreement with the US patterned on those signed with Japan and France provided the terms are right. Chinese Foreign Trade Minister Li Chiang, in the first ever such press
      AFP; UPI  -  716 words
    • Article, Illustration
      Lock icon Six million Belgian votes may amount to nothing
      182 5 UPI MORE than six million Belgians voted in freezing weather on Sunday in a general election which Prime Minister Paul van den Boeynants said was superfluous and solved nothing. With 56 per cent of the votes counted, a computer forecast indicated no
      UPI  -  182 words
    • WORLD IN BRIEF
      • Article
        MEAT IMPORT CURB PLAN
        522 5 SENATOR Robert Dole said he will table legislation to help farmers when Congress begins its next session in January. The Republican Senator said he would table the meat import quota bill veto"eti by President Carter this year. The bill would increase meat import quotas '''When domestic
        522 words
    • Article
      Main hitch at Tokyo Round circumvented
      686 5 NEGOTIATORS for the United States and the European community reached broad agreement over the weekend on rules to govern subsidies and countervailing duties a key stumbling block of the Tokyo Round world trade talks, delegation sources said. They refused to talk about any substance
      686 words
    • Article
      A WAY TO STOP BREEDING AND KEEP GROWING
      370 5 SCOTTISH scientists have come up with a technique for producing male-only fish, a breakthrough which they hope will provide the developing nations with millions of tonnes of protein each year. The work at Stirling University's unit of aquatic pathobiology applies to several
      370 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      574 5 ARRIVALS Service Local Operator Number Tuae Fron PAA PA005 0200 SPO/HKG MAS MH601 (mo KUL MAS MH682 0725 KCH SLA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CB14 1000 HLP CPA CX710 1005 HLP GIA GA980 1030 HLP
      574 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      117 5 T7 A rfM 4 >Vi There's only one way to take Glenfiddich! Seriously You can take it straight. Or with a little plain water. But do remember that you're tasting no ordinary Scotch. Glcnfiddich is a pure, single malt. Distilled in the ancient way, in traditional handbeaten copper stills. The
      117 words
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  • Article
    Committee's steps are mere tinkering
    318 6 ALL THAT the stock exchange committee has managed to do to this market is to make it obvious that sentiment is something which cannot be artificially stimulated. The one clear sign that is beginning to emerge from the market place is that despite the committee's
    318 words
  • Article
    Ethics and the law in employment
    243 6 ANY AGENCY recruiting workers must be committed to exemplary conduct. The matter of employment is so sensitive that even the smallest errors can easily be inflated into a crisis. When these agencies go abroad to seek workers, their responsibility becomes even greater. Workers' interests
    243 words
  • Article, Illustration
    Lock icon Billion dollar scramble Cor Chinese business
    1348 6  -  THE vast market of potential consumers amongst China's 880 million people is something the major industrialised countries, faced as they are with sluggish growth prospects, cannot afford to ignore. JOHN RODERICK reports on some of the deals agreed on by China and these countries.
    AP  -  1,348 words
  • Article
    Lock icon Growth recession
    942 6  -  By LEONARD SILK NYT THE STANDARD (Mwaat tor ll* to ■nkitaT' 1 calls tor ealy a sm derate reeeesfoa er aa it— m itaggbk m to be called a grewth reeeariaa eae la which aaemptoymeat wUI rise despite a ail gala la real It reqairee aa uaaal laereaae
    NYT  -  942 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      170 6 X Fa %1 lIJiMHW. Mi IiHH 3twm, KkSXZ V"> .s Getaway to Sentosa For a fun-filled X'mas New Year holiday package Do something completely different thto yeer. Peck up your begs end teke off to Sentoee. Then enjoy 3 deys end 2 nights of fun end excitement at e first
      170 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      59 6 OUTLOOK for Singapore from 6 a.m. to noon today: Occasional showers. Report tor 24 b*an prtor to 7J» p.m. m Dee 18*1 the airport: Maximum temperature 30.8 C Associated humidity 64 Minimum temperature 23.0 C Associated humidity 96 Hours of sunshine 7.85 Rainfall in millimetres Nil Total rainfall for the
      59 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      258 6 TMf&wA'trra SINGAPORE 5 3.00 Opening followed by I Dream Of Jeanne (Repeat)* 3.30 Diary Of Events (English)* 3.35 Afternoon Matinee—Andy Hardy Gets Spring Fever (Pt2) Starring: Mickey Rooney, Lewis Stone, Ann Rutherford, Cecilia Parker 4.05 Science Report* 4.20 Intermission 6.00 Opening followed by Fables Of The Green Forest* 6.30 News
      258 words
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  • Article
    The nearer the costlier?
    237 7 THE SOURCE of erode petroleum for Singapore's refineries is very important to eost of operations. Most companies rely on West Asian erode principally because their refineries have been designed for such input, but another consideration is the much higher cost of buying from other producers. Among
    237 words
  • Article, Illustration
    Singapore's oil bill will rise by $780m
    1273 7  -  NO PETROL HIKE YET OPEC has just delivered a Christmas gift package for the rest of the world which few of the recipients will treasure. What will Singapore's share be like? JOHN TAN examines the likelihood of higher fuel costs in Singapore during
    1,273 words
  • Article
    STRAWS IN THE WIND
    399 7 ARE YOU a "deserving businessman"? If you are, < you should have received a i copy of the latest trendL4n chain-letters. Entitled GOOD LUCK ENTERPRISE, the letter was initiated by M Chin Chee Tien of Hongkong, obviously an enterprising man (or woman). To participate, you must
    399 words
  • Article
    West Asian frontier
    760 7  -  FORUM! i ill r ...with Fouad Ajami Fouad AJami, assistant professor d politics at Princeton University, is a guest cohnauist tor the New York Time* THE UNITED STATES has become to use the current Jargon a full partner in West Asian affairs. This goes for matters of
    760 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      3 7 0 4k -Sw'
      3 words
    • Advertisement
      Page 7 Advertisements Column 2
      78 7 V "cfIVAR SANG AM' iones in f\armon\ A nod of her head A suth movfmrnt of her eves. A flexing of her fingers A stamp of h»>r foot And asmeen unfolds stories of heros and lovers through her danies The Kang Mahal brings enchanting rhythm and songs of India Sangani
      78 words
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      Page 7 Advertisements Column 3
      77 7 HOTEL ASIA 37 Scoits Road. Singapore 9 Tel: ****** HOTEL EQUATORIAL 429 Bukil Timah Road. Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road. Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotls Road. Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL 22 Orchard/Cavenagh Roads, Singapore 9 Tel: 3^9944 HOLIDAY INN
      77 words
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      Page 7 Advertisements Column 4
      77 7 HOTfcL MALAYSIA 40 Cuscaden Road. Singapore 9 Tel: *****1 THfc MANDARIN SINGAPORE 333 Orchard Roadi Singapore 9 Tel: *****1 THt MARCO POLO Tanglin Circus. Singapore 10 Tel: *****1 x HOTEL MERLIN SINGAPORE 7500 Beach Road, Singapore 7 Tel: *****11 MING COURT HOTEL Tanglin Road. Singapore 10 Tel: *****3 HOTEL NEGARA
      77 words
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      Page 7 Advertisements Column 5
      78 7 ORCHID INN 2)4 Duneurit Road. Singapore M Tel: *****2 HOTtL PHOtNIX SINGAPORb Orchard/Somerset Roads. Singapore 9 Id: 37*666 PtN INSULA HOTtL Coleman Si reel. Singapore 6 Tel. *****1 RAH-LtS HOTtL 1-3 Beach Road. Singapore 7 Tel: 32*041/ ***** SHANGRI-LA HOTtL 22 Orange Grove Road. Singapore 10 lei *****4 SINGAPURA hORUM
      78 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      22 7 BriStdW: SMOCVC... mp\K*iG UuNCv-ffirne. fiounos NODD\f»G PVND U3PNMG PvT Thc RfejGoU=kßS Rocndgd A coRMCP. CRme He De.?p»enroeH T soTING -ruese s-ni\ppeo -Ro
      22 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Prices decline over a broad front
      487 8 Tokyo Source: Daiwa Securities THE MARKET continued to decline sharply yesterday over a broad front due to news that Opec has decided to raise the price of a standard barrel of Saudi light crude oil by 14.5 per cent in four stages by October
      Source: Daiwa Securities  -  487 words
    • Article
      Sydney
      351 8 THE MARKET yesterday closed mixed with an easier bias as sentiment was depressed by news of the 14.5 per cent oil price rise by Opec, dealers said. BHP dropped 18 cents to SB.M. Beach Petroleum 5 cents to 58 cents and Woodside 3 to 66 cents. Aropol Armed one
      351 words
    • Article
      Bangkok
      299 8 THE STOCK market closed mixed yesterday in moderate trading, dealer* «ld. The Book Club index rase 2.1C points to 221.14. The biggest loser yesterday was Raja Finance, dropping 300 baht to 1380. Other losers included w«ngfrnfc Investment, (ailing baht to 3H, Lee Kwang Ming Trust 4 to 235 and
      299 words
    • Article
      Lock icon Hongkong
      339 8 Source: THE MARKET yesterday opened on a very nervous note reflecting Investors uncertainty over the US-China treaty and the implications at a higher than expected oil price hike. With gold soaring to USS2IO and the Japanese market tailing sharply, it was uprising to see HK shares so firm in
      Source:  -  339 words
    • Article
      Manila
      155 8 PRICES closed higher across the board yesterday with turnover rising to 11.5 mtniwi pesos from Friday's 10.0 million, dealers said. Gainers were Atlas Con B, Baguio Gold, Benguet Con B, Lepanto B, Marinduque B, Basic Petroleum, Oriental B, Phil Overseas, Pioneer, Seafront, BF Goodrich, loco B, Meralco and San
      155 words
    • Article
      Selected Indices
      30 8 H.K.HANO SENO Monday 496.34 Friday 508.02 Week Ago 518.94 SYDNEY INDUSTRIALS Monday 456.13 Friday 457.19 Week Ago 457.74 ALL ORDINARIE8 Monday 537.39 i Friday 539.38 Week Ago 539.82
      30 words
    • Article
      Lock icon Shaw Bros enjoys increased profit
      381 8 Reuter SHAW Brothers (Hongkong) has reported that group net profit rose to HKH3.99 million for the six months ended Sept 30 from $11.79 million previously. The company earlier reported an interim dividend of 15 cents (same) for the year ending March 31. Books close on
      Reuter  -  381 words
    • Article, Illustration
      Lock icon Why GEC pursued an old American family company
      1779 8 GEC-A. B. DICK MARRIAGE For GEC, the A.B.Dick takeover is more the beginning than the end of its expansion plans FT SCIENTISTS in one of the General Electric Company's laboratories came up with a brilliant new idea for an allelectric teleprinter. The
      FT  -  1,779 words
    • Article
      PROFILE OF A. B. DICK
      253 8 A. B. MCK amrkets a wide raage ef dapßeatfag, eepytag aad priatlag eqnlpmeat aad sarlllsry services. Ahsat three-fifths ef lis sales by veiame Is derived frem predacts ef Its ewa maaafaetare aad the real Is msaafsrtand ta spedfieatiea. Jast ever half Ms sales eeaslsts ef
      253 words
    • Article
      Lock icon The hottest financial business — deferred insurance annuities
      1428 8 The hottest financial business deferred insurance annuities NYT Q-PLAN, Guarantor n and The Accumulator they're not the Pentagon's latest defence strategies, but the names of some of the hottest financial instruments offered by Big Board member firms. Generally, these products are known as single-premium deferred annuities a relatively new breed
      NYT  -  1,428 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      324 8 This Month's New Penguins The Beginnings of Learning: Krithnamurti Krishnamurti has become widely known as one of today's leading thinkers on educational matters. This book together with The Impossible Question demonstrate the nature of his thought end show how much the Eastern tradition of meditation and the seerch for self-knowledge
      324 words
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  • COMPANY NEWS
    • Article
      Lock icon Eastern offer will be rejected, says PanAm
      356 9 Reuter THE CHAIRMAN of Pan American World Airways, which has proposed a merger with National Airlines, said he is confident a counter offer by Eastern Airlines will be rejected by the US government. Mr. William Seawell, PanAm chairman and chief executive, said in
      Reuter  -  356 words
    • Article
      Lock icon HOLIDAY INNS
      111 9 Reuter HOLIDAY INNS said it ptoas to aeqalre Perkins Cake aad Steak, a privately held restoaraat chain, far twa mllltea shares af Hat May laas rsmmsa stock. PerUas Cake aad Steak kaa M eampaay-ewaed aad VSH fraaehlsed restoaraate la same $2 states, eaaceatrated la the Midwest. Reveaaes far
      Reuter  -  111 words
    • Article
      Japan halves Philips' VCR market share
      373 9 EUROPEAN IMPORTED Japanese video recording systems have cut into the Philips Electronics group's near monopoly of the Dutch market and reduced its share to about a half. Philips expects to sell around 20,000-22,000 video cassette recorders (VCRs) this year, the same number as in
      373 words
    • Article
      Earnings at Plessey up slightly
      231 9 PLESSEY has announced that pre-tax profit rose slightly to £23.12 million for the six months ended Sept 30, against £22.23 million previously. Sales also increased to £303.90 million from £292.10 million. Earnings -per share was up from 6.01p to 6.11 p. Pre-tax profit was after
      231 words
    • Article
      Lock icon DIRECTOR OF GUINNESS MAHON RESIGNS
      231 9 FT AFTER A STAY sf jest aver a year, Sir Derek Mitchell, a fanner sealer Treasary eOelal, b leavlag GduM MUwi, merchut kuL The nave is the latest li a Uae sf cemlags aai geiags hy Malar flgares at the haak aai Its pareat cempaay,
      FT  -  231 words
    • Article
      Lock icon Columbia accepts Tracinda bid
      171 9 Reuter COLUMBIA Pictures Industries has approved a proposed tender offer by Tracinda Investment for up to 1,750,000 shares or 20 per cent of Columbia's stock at 124 a share. Tracinda's sole shareholder is Kirk Kerkorian, who already holds about 5 per cent of Columbia's shares. Mr.
      Reuter  -  171 words
    • Article
      Lock icon US Ford Motor
      156 9 Reuter FORD MOTOR said suggested US retail prices for its 1979 model cars were increased an average ol US$3B or 0.5 per cent effective immediately. The company said most of the increase is accounted for by luxury and larger speciality cars. No small car prices have been
      Reuter  -  156 words
    • Article
      Lock icon Sperry Rand unveils new system
      135 9 Reuter SPEBRY RAND has aapaler which wUI seU far ajjat I* $181,. The new system, called the V77-MI, featares a high-speed central pracea••r» faster errar <*"ecttaa, integral cache "•"•n't aarf advantages •ver existing members if the V 77 family, the <wmpaay said. Deliveries will begin
      Reuter  -  135 words
    • Article, Illustration
      Lock icon Goodyear US sees higher tyre sales
      491 9 N.AMERICAN FT GOODYEAR Tire and Rubber chairman Charles Pilliod said tyre industry sales are expected to rise 7 per cent to about US$l2 billion next year. In a year end statement Mr. Pilliod said industry sales will top the $11 billion mark for the
      FT  -  491 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      341 9 Our worid bankers work around the workLatound the dodc 6.-07 it*'*"'- •I• j 1 T*t •xv?: Sx: Chicago. :x v-::x Singapo wm w Jr r *V > ■s 5 iS :> ;,-> >■ w 'Muu < >; rtS, ■i W7>V- *6 yi ■TV .v \>» ■Mwiiiw* #SL-. Jf > fe
      341 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1273 10 eID and offer prices officially sted and business in and reported to the stock. Exchange #f Singapore yesterday with the -number 0 f shares traded shown in brackets in lots of 1.000 units "Unless otherwise specified. All Time Settlement Contracts ire quoted after the word ••sett". Big Board
      1,273 words
    • Article
      Government bonds
      253 10 ilil* 1/8/80 (96J08 99.358) 43/4% 15/8/80 (250,000) (99.558 99.708) «*Tf 1/5/83 (250.000) (100.158 100 JOB) 5 3/4% T F 15/8/81 -84 (250.000) (*****8) 7% 1/8/86 (250.000) (100.008 100 70S) 15/4/86 (250.000) (100.75B) 15/10/86 (250.000) (100.75B) 7,« 1/5/87 (250,000) (100.75B) r 15/7/87 (250J00) (101 JOS) 5 1/1% T F
      253 words
    • Article
      Stock options
      55 10 Striking prices of the options officially listed on the Stock Exchange of Singapore, the period, bids and offered prices and business dooe yesterday with the number of options traded shown in brackets. CaaiC (Dec *4 40) (8) 0.75 (2) 0.70 Stme Darky (Dec $2.80) (5) 0.20 U o
      55 words
  • Article
    Unit trusts
    139 10 SINGAPORE UNIT 1*11 BT INCOME BON ID UNIT hr Dw 119) The Commerce 2.07 120 (GarTMt pneaa) The Saving Fund i.a 1.37 Income Bond LI) 1.17 S pore Prog Fund 9 93 4.K S pore Sec. Fund 1.70 L90 S pore Invest Fund 1J2 1.8 MARA nvra IKAPUND
    139 words
  • Article
    SHARE INFORMATION SERVICE
    2549 10 197s High Ijow Cumpanv Last Sale +OCGr'« Div Div C'rr Gr'« Net YH P/E Vol Day COM) High Low SECTION ONE INDUSTRIALS 272 238 J 78 ~t[9 280 326 245 660 132 123 107 133 195 59 162 173 140 256 Ac ma Alcorn Allied Choc BAT
    2,549 words
  • Article
    In Kuala Lumpur
    1381 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lot* of 1.000 units unless otherwise specified. INDUSTRIALS (2 70B). Alaam (I Hjß) (1) i u (2) l.*S. A
    1,381 words
  • Article
    COMPANY MEETINGS
    270 10 ONGAPOBB Laad Lid: AGM and BOGM to be held at Suite 190S, 19th Floor, Shing Kwan House. 4 Shenton Way, Singapore at 12 noon today. Malaya Glass PteMty BM: AGM to be held at 72A, Jalan Tampof, Johore Bam, at 12 noon tomorrow. TlMIl (M) BM: AGM to
    270 words
  • Article, Illustration
    Trading on big board leaps back to life
    588 10 SETTLEMENT tnrfng ea the Mg heard leapt hack to Me with the aha—— of the Mrfh tor sack contracts at the Stock Extontoj^ TUi piece of caetarwtog news which was a»■saaeei Jut aver the ap atrees a wide frwt°to the lint hear
    588 words
  • Article
    Market wavers in face of uncertainties
    665 10 FOR A WHILE, it appeared as though news of the abolishment of the 20-per cent deposit on all big board settlement contracts across the causeway might galvanise the Kuala Lumpur stock market into making a strong come-back. Prices reacted fairly favourably at the outset
    665 words
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  • COMPANY NEWS
    • Article, Illustration
      Metro Holdings heading for another good year
      827 11  -  ALL SYSTEMS GO By ARTHUR NG IT WILL BE another good year for Metro Holdings despite the slight dent on its profit margins following increases in certain fixed cost items. The half-time results show that all its other divisions apart from the retail
      827 words
    • Article
      Killing-hall will reap immediate benefit from reconstruction
      932 11  -  By SUSAN BEVAN BRITISH-based Killinghall Tin, making its last annual report prior to reconstruction into a Malaysian company, has hopeful news regarding the current year's operations following a poor year in 1977-78. In his statement on the year ending Sept 30, 1978, outgoing
      932 words
    • Article
      MPHB stake in Plant. Holdings
      126 11 MULTI-PURPUSt Holdings Berhad (MPHB) has received acceptances (or a total of 5,517,864 ordinary shares of Plantation Holdings (PHL) so far in its offer to acquire all the ordinary shares of PHL which it does not already own. This represents 13.63 per cent of the ordinary
      126 words
    • Article
      D and P shares fully taken up
      186 11 DRAGON Mi fhs nail's ■to sffer to tte Matoyk*TV>l^JrM<M4er dkr npiwh MJf per Ml ef Hi ahare iipWri ef fit milHea. Of the MM to* Ilea tea available, IfT ■lilt— shares were reserved fer *■—*f aeetlea, lira cenmitoaeats Ittw bees reesfvei The pirpue
      186 words
    • Article
      SEA Lumber expects rise in demand for wood products
      522 11 WITH A GENERAL rise in the demand for timber products expected to be complemented by a major expansion in the capacities of its subsidiaries, South East Asia Lumber Corporation is optimistic about the current year. Though it is not known to
      522 words
    • Article
      St.Piran's interim result satisfactory
      344 11 SAINT PIRAN might have done better to spend more time on its press relations, said Mr. Bob Shaw, chairman of the controversial mining and construction group. Announcing interim profits of £1.9 million £1.3 million), Mr. Shaw said that press interest in Saint Piran had increased since
      344 words
    • Article
      Safety first at Esso
      154 11 ESSO'S Jurong Terminal has its own ongoing safety programme to help instill safety awareness amoi* 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
      154 words
    • Article
      DIVIDENDS ANNOUNCED
      423 11 D.u TfUl for Te4al fer -*> D*to Cite* Piyikl* tk« jnu Pniltw jtmt -ui ufa*pfl I°* »<>»« Die 1 UNII 15% 15* U "If?* »22 DmO Dec 30 9% 17%(e) J*°*® No* 30 Dec 22 15TS 12(b)TE 1 £i b) Rm4 DM 14 DM 22 0% 0% mLtu
      423 words
    • Article
      SCRIP ISSUE
      216 11 Coapaay Particular* Ex Oat* Books CIom S'porc Land Syalhetic Reaina Fed.Cablea G Ceramic* 8*1 roa Rahman Hydraulic P. Prod net a Berjaya Kawat MBS C A C 8TP (1975) G Ceramics Rights Issue of 1 for 3 (r $1.40 per share Rights Issue of 2 for S <p
      216 words
    • LATEST RESULTS
      • Article
        UNITED MALACCA RUBBER ESTATES BHD:
        71 11 Unau- dited group pre-tax profit stands at M 54.27 million (12.52 million), for half year ended Oct 31 on estimated income of $6.94 million (16.58 million). Company said increast in profit resulted mainly from a $1.58 million extraordinary gain on sales of stocks and shares.
        71 words
    • Article
      COMPANY BRIEFS
      138 11 MALAYSIA BUILDING SOCIETY has obtained approval from the Malaysian Capital Issues Committee for its rights issue of $15.32 million new shares of $1 each on the basis of one share for every two held, at 12.00 per share. AOKAM TIN BHD has served notice of an extraordinary general
      138 words
    • Article
      SEA VIEW ANNUAL REPORTS & ACCOUNTS
      226 11 SEA VIEW ANNUAL REPORTS ACCOUNTS Letter to the Editor Dear Sir, Kindly allow us to thank your correspondent "A Wrongly Advised Small Investor" for his congratulations on our excellent presentation of the published accounts, especially on the detailed Notes to the Audited Accounts and his concern that our audit fee
      226 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      147 11 r-jninu Study with the UNIVERSITY .SgR PREPARATORY SCHOOL f' T- I TORONTO, ONTARIO k UPS specialises in preparing overseas students for Grade 12 and 13 Examinations leading to entry to Universities and Colleges in Canada and USA. regwtared with the Ontario Ministry of Education and its Credit and Diploma courses
      147 words
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  • Article
    Expert believes welding torch caused explosion
    467 12 AN AREA director of the Factories Inspectorate of England said at the Spyros Inquiry hearing yesterday that it would be too much o( a coincidence for a welding torch used on board the Greek tanker not to have been the actual source of ignition.
    467 words
  • Article
    Lock icon Oil shortage foils Yamani's bid to help
    571 12 Reuter SAUDI Arabian Oil Minister Ahmed Zaki Yamani said on Sunday he was not happy about the Opec decision to increase oil prices by 14.5 per cent by the end of next year, but said a shortage in the world oil market had
    Reuter  -  571 words
  • Article
    Lock icon A last burst of meetings galore
    632 12 Reuter WEST GERMANY, determined to make its mark before giving up the presidency of the European Economic Community Council of Ministers next month, has called a hectic round of meetings yesterday. Foreign ministers, farm ministers, finance ministers and environment ministers from the nine Common
    Reuter  -  632 words
  • Article
    LONDON STOCKS
    740 12 LjONDON. Mon. Share prices closed lower in the wake of the Opec decision to increase prices, dealers said. At 3 p.m. the F.T. index was down 7.1 at 473.9. In low volume trading, leading industrial fell as much as lsp with average losses of around sp. while government
    740 words
  • Article, Illustration
    Lock icon RESPONSE IN 3 ASEAN CAPITALS
    391 12 Agencie INDONESIAN «il cMn have bailed the iulilw ef Opee te ralae eil prieee by ever 14 per eeat. "IW Hee le a geei i»Mw aai we tllik it Is acceptavit te the i eaeatriea," aa ell effldal said. karreta e( ell a day, rnaM
    Agencie  -  391 words
  • Article
    Lock icon CARTER ASKS OPEC TO RETHINK PRICE RISE
    1131 12 NYT THE CARTER Administration has called upon the Organisation of Petroleum Exporting Countries to reconsider its four-stage 14.5 per cent increase in crude oil prices. It declared the hike would endanger world economic recovery and impede efforts to slow inflation. In a statement
    NYT  -  1,131 words
  • Article
    Dollar hit by steep Opec price increase
    290 12 THE AMERICAN dellar yei'erl'y'T' marked rweflu to the uexpeetedly steep rise la ell prion saaeaarni ky the Orgaalsattoa ef Petrelcam Experttag Ceaatrles ea Baaday. Geld, whleh asaally rises whea the Mlar falls, epeaed at UBKJ2M higher la Earleh at $21Ut, aad galaed $U2M
    290 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      225 12 Pocket the world's first pocket-sized TV ACTUAL SIZE: Believe it or not, the Sinclair Microvision measures only 160 mm x 113 mm x 43mm and weighs an incredible 740 gm. And yes, quite literally, you can slip it in your pocket. For all it's small size, it's crammed with some
      225 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Pot boat
        67 13 AP A MYSTERIOUS, nameless fishing boat, loaded with five tons of Colombian marijuana valued at US$6 million (about Ssl3 million), was escorted into Boston Harbour on Sunday by a Coast Guard w £utter. The rusty, pot-laden boat was seized off Cape ICod on Saturday by the cutter Hamilton.
        AP  -  67 words
      • Article
        Lock icon Cold end
        53 13 AFP SEVEN people were drowned in the icy waters of the Oder river on Sunday when a car ferry sank s suddenly, the Pap news agency reported. Five people managed to reach the banks of the river at Brzeg, near Wroclaw. The agency gave lt no explanation of
        AFP  -  53 words
      • Article
        Lock icon Refugee project
        65 13 Reuter A FRENCH group which plans to charter a vessel to pick up refugees fleeing Vietnam by boat says it has now mustered two-thirds of the sum necessary to get the project going. A communique from the organising committee said 700,000 French francs (about S$400,000) has been raised
        Reuter  -  65 words
      • Article
        Lock icon China oil for Italy
        45 13 UPI CHINA'S first crude oil shipment to Italy arrived in the northern port city of Genoa over the weekend. Pent officials said the Chinese tanker Ynhu delivered 53,486 tons of crude oil destined for the "Erg" refineries north of Genoa. UPI.
        UPI  -  45 words
    • Article, Illustration
      Barber's six new ro-ro supercarriers
      978 13 BARBER Blue Sea will, over the next six months, take delivery of six of the largest and most advanced roll-on/roll-off ships in the world. The capital investment in these ships amounts to nearly US$2OO million (about Ss44o million) and represents a major technological step forward
      978 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      3557 17 SHIPPING LIST where your ships are due and when 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
      3,557 words
    • Article
      INDEX
      476 17 Acon&s ACS Afct Aguila Alpac Angkutan Anhsing ANL APL Arya Nat ASCL Asia Merchant Atlas Aust.Cont T n IV IV IV V V I m n m m V IV CM 5 5 3 2 5 1 2 1 2 5 5 4 2 5 Bank Banner Ifaritime BBS
      476 words
    • Article
      Container schedules
      934 18 r RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time mt arrival is advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during
      934 words
    • Article
      Who acts for whom
      896 18 The leading shippimg lines operating from Singapore and the local agents who handle oarge bookings for them. Aconas Line— Aconas Sdn. Bhd Adriatic Container— Container Feeders. AFEA Line— Sngapore Shipping. ii' Aguila Oriental—Seam. Ahii Shipping—Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN)—Unlpadflc. Alpac Line—lntrasea.
      896 words
    • Article
      Sembawang hopes to carry on its 10-year bliss
      681 18  -  By RAHIM KASSIM SEMBAWANG Shipyard Is confident that It win continue to do as well as, If not better thaa the past 10 years now that It Is independent of its management agent, Swan Hunter (International) Ltd. For the past decade Sembawang
      681 words
    • Article, Illustration
      SHIPS IN PORT
      255 18 EAPEITEI) ARRIVALS TODAY KEPPEL WHARVES Caroline P (after Kota Panjang) 13/14. Crikveniea (after Yung Fon Lu) 35/36. Ever Faith (after Spes) 42/ 43. Kota Banteng (after Kota Panjang) 10/ U. Manoloeverett (0800 after Navficapoi) 40/41. Nedlloyd Kobe (after Nedlloyd Fremantle) 3/4. Perak (2200) 21 East. Tamuraeverett (0600
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      Page 13 Advertisements Column 1
      1115 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pte Ltd Tel 9265' Harrisons I Crosfield Kuala Lumpur T* NHtt/l Pernas-MISC Penang Tel ***** k I )i i I \H m± SEA LORD ANTAFI Orient Overseas Ca*dcmeA. Line FULLY CONTMOBO) OMNTM. CHEF 12W H.KON6 CON7ARO 13* Spare
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      Page 13 Advertisements Column 2
      450 13 SINGAPORE BUSINESS fo< U S PaCitiC Gull Aiunlic d..d Easl C-mdcfa .Al u ■■(■copl.ng Ip, Ho.mfc t >» Q T.m»,„, J,, D „n FULLY CONTAINERIZED FAST DIRtCT WEEKLY JkJJ. ESES3 T 14/1 1«/1 IVI M/l V 1 I Keiang Paneng I Karacf* FOR Aratoanflranaan Gull Singapore I tiuitank nn IMPORT
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      716 14 fUUY CONTAINERISED TO ElfltOPE EXPORTS EXPRESS CONVENTIONS TO EUROPE S pore PKetang Pen Bfeao Genu HTiurj Blu»tr Man Antwerp Munstertaml 15/12 6/1 20/1 18/1 14/1 16/1 Mwehteei 21/12 23 12 27/12 25/1 3/2 2/2 31/1 29/1 Hammonu 20 12 16/1 12/1 26/1 24/ I 22/1 20/1 FULLY CONTMNERtSED TO GENOA/
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      439 14 Tagaytay i« f*{ I*l n ftb 20 1» 30 Feb 21 fe( 1/ 2 Fat 22/23 Fab 4/ 5 Fck 2V2C Mar Mar Mar I Ma. 24 Mar 2 Mar 13 Mar 30 M J »a* 2/ tm 14/17 Sa»anah Not Toll SI Mw W ■torn V> M»2( 30 *1
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      698 14 EVERGREEN LINE 'tVERGRt FN MARINE CORPORATIONFAR EAST/RED SEA, MEDITERRANEAN 1 EXPRESS FUU. CONTAMER SERVICE ALSO ACCEPTMG CARGO FOR GENOA. lATTAKIA. BE BUT ALEXANDRIA. BENGHAZI, TRIPOLI (IOTA) S N" 'MM tat Sari U*nM ItfiMm fm tlaruAnßvc^Mi Eta Mmtot 13 Ok 3 lai S tan 71m 13 lai IS Jm IS lai
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      949 14 1 Everett Lines/" !A lam Fiva Star Skipptof C«rp«. Wk "BURMESE NATIONAL LINE" LBMK fQR BRNBOOR SVMMM 20/21 Otc mvm zi/23 i>k BFS S C. Agents in Malaga TEPS MALAYSIA Port Keiang Tel (38) 7355 Penar* TH *****/***** XL \A PATABMBA MWIITBM I*lapart P fatal' VM F*k 11/12 Fab VnSl
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      790 14 Uißj'ii Tim 'im i i ■ii'' i HM\ SANKYO LINE AUSTRALIA SERVICE P Krtanj Singapore Loadi* Mr: raaatsTM 21/23 d»c 11/20 d#c syd. mel MAYSKY 20/21 Dk 22/23 OK GERALDTON. ADEL DIAMOND STM 5/ I ton 2/ 4 ton SYD. MEL. AOEL BANGLADESH SERVICE GENERAL AUNTS CONTAHER BOOMNG 10A0 AGENTS
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      819 15 QCL Overseas Containers Limited gwct to m/ammm: contaocbw sonnet frori uk/cowtrctt E Ware km *am Hm S ton P Umi Spot Rat hk ■mta W faM VM U4 21 fee Ok UK MM faM Uri faM 21 Ok 21 OK WHS (MMEaran W IM W W faM 31a Ski HR.
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      655 15 GRANAHD LINE GRANftRD SHIPPING AGENCIES (S Tel ???5977( 5 L tries I STRAITS EXPRESS CONTAINER SERVICE Loadb* for New York. East Coast and bdf ports by MW-Landbrid|o Los Angotes, San Francisco and Soattlo worm. P. Mmi l-A*geto« Ml/Grit It* (Ditcb) P. ROOSEWIT 24 Ok (I* Port) 15 to* 21 ton
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      689 15 BEN LINE CONTAINERS EXPRESS CONTMNPt SOHNCI TO/FROM EUROPE HK KBURG B"HA*N R OAM HAVRE SOTQN nmm ?im num ammt» hma ai uk OUka Bo* hM 29/U 1/1 U/l 12/1 IVI 1/1 SM 11/12 7/1 VI U/l 12/1 11/1 bpw 21/12 2V12 U/l 21/1 22/1 2VI 17/1 Be* 29/12 1«/1 11/1
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      200 15 1 Scan Dutch V *:< J ifv.zn+ui'i wwu ,^:iii:i^i^«f.i:i»3i:r.Yil EUMU a/U Mi nmi wu i aim* 7/1 nwuiu lyi mm Bjumm mi mm muiu »/i m, m qiamom mi mi 2/ Mpa 3> iMq 4) CM* EASTBOUND* from med/uk 1! Hi Ut LXAL nw 21/u wu mil M/u wit mu
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      658 15 GUTHRIE BOUSTEAD age™ e G S THE BANK LINE LTD LOADS FOR E. I S tfRCt ■rta II Pi.. I 24/2S Spore H/19 tm LY E S OR ENT LINE EXPRESS SERVICE DBtECT FROM SMGAPORE TO NEW ORLEANS, MOfMLE, HOUSTON. GALVESTON. ALSO ACCEFTNK CARGO FOR BANGKOK. MAMLA. TAIWAN. HONGKONG PUSAN
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      838 16 K LINE KAWASAKI KISEN KAISHA. LTD. OM SUEZ bjr Cmtmm VesMfe TO EUROPE Jjjp«_OdiQ| l Havre H burg MERCATQR W kNrt 290ecl 7lm 9Jm It lai 11 Ja ORCNTM CMF 12W 26 Ok 27 Ok 14 1m It Ja* 17 tat II to Hk C0»n«0 13* 2lm 31a Mb* 23
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      Page 16 Advertisements Column 2
      870 16 11.5.A./EAST CANADA SERVICE accepthc fa/ia can mob from raws. p. hum. stme Laadh* tar m TQM. NOMOU E.C./CREAT LARES SERVICE Laada* tar: NOV OIK. NEW TOM. MONTKIL, TOMNTO. ASMTAMLA. OCTtOT CMCAGO CALIFORNIA/PACIFIC NORTH WEST SERVICE tar LOS MGELfS. SM FUMCSCO SE*TTU. TACORH KMCOKI RC PtnM( P Mtanf Singapore I AnfOe
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      231 16 NOL NEPTUNE ORIENT LINES LTD We wish to inform aN our Customers and Friends that as from Monday 18th December 1978 NOL's daily shipping advertisements will appear on page 1 of the Shipping Page of Business Times. As Agents: Neptune Agencies (Pte) Ltd Singapore SINGAPORE SHIPPING AGENCIES PTE LTD f
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      329 16 Malaysia* i*te*nat>ohai shipping co**o*ahon »e*nAO ST Wh •4" fW«| *tis* Sim 1) Use*} 2) Mmi 3) Hbw| <) Gtwft Nort/Mtn/Axrp/ M at «0m 18/ MM pmH «Md li Mmhl mc M U. CtHI ■*> Pm«4BC Id. *****7/42(3(4/*****5 ■I PmmMBC T* 7111/4 Pwnt-tfBC T* (231( I ICO MlOft fit. ITB T*
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      765 16 t INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone 1 2J54.t5" I REOAAR MDEPEMKNT SOU/FULL CONTAMER SERVICE TO EUROPE S pan P Mmi Pna«i laaM|tar H Dk 2] Ik r«w ftHwt liiiMi V I MMSU (Pit) ll® 2152(11 MMM 254K7 r- IB MPBB I MMS 4M44. *****.
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      155 17 OCEAN CONTINENTAL ENTERPRISE PTE LTD Room 610. 6th floor. High Street Centre. S pore 6 Tel *****/*****/***** REGULAR SAILINGS TO/FROM BANGKOK SINGAPORE ASEAN ENOEAVOUR (ACCEPTMG GEN. CARGO. CONTAMERS t HEAVWfTS) rrcK m VOY 301/? (S/N) I* Port 24/ VOY 302/3 (S/N) 1/ S J* 9j CONIAMER FEEDER SERVICE rrm m
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      Page 17 Advertisements Column 2
      126 17 ANHSING LINE Vpm P. lota *IMON EDMH 2/ 3 ten UMON BM.TMORE... 21/22 MM m LORD STEAMSHIP CO. S.A. TMM/SIMB/TIMMI EXPRESS LIB BUB Lm«« tar M KMIMt K«mMM| STORE PJCEUMG POMS TMNM LOOAFATT SaM 21/25 0* 1J« LOON CHON6 21/* 0* 1/ < 11 STRONG Will FNTFRPRISF (PTF) LTD HGF
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      308 17 NOTICES i SABAH, BRUNEI AM) SARAWAK FREIGHT CONFERENCE NOTICE TO SINKERS PORT CONGESTION BENQfAZI (LBYA) Reference Is made to the Notice in the press on Saturday, 14th October, 1978. S The member Lines of the above Conferences have advised that the Interested Lines serving the direct trade to Benghazi have
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      158 18 Hapag-Uoyd Hapag-Lloyd takes pleasure in announcing the appointment of SEGANI PTE LTO SINGAPORE and SEGANI SDH BHD KUALA LUMPUR as their Agents in Singapore and Malaysia respectively with effect from 22nd and 25th December 1978. In appointing their new agents Hapag-Lloyd wwflj like to take this opportunity to thank -the
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