The Business Times, 28 December 1978

Microfilm: NL9923
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, DECEMBER tt, IVJB 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Jakarta reciprocates
      59 1 AFP JAKARTA, Wed.— Indonesia will raise its oil price by 5 per cent starting on Monday, it was announced today. Mining Minister, Dr. Subroto, in announcing this after talks with President Suharto, said the rise was in line with the recent price increase by the Organisation of Petroleum
      AFP  -  59 words
    • Article
      Lock icon Dollar plunges
      70 1 AFP LONDON, Wed. The US dollar plunged sharply as gold soared on the London markets today, reflecting the worsening situation in Iran where oil exports have been paralysed by strikes. The US currency stood at 1.625 Swiss francs against 1.643 last Friday, at 1.***** Deutschemarks against 1.8540 and
      AFP  -  70 words
    • Article
      Lock icon Boumedienne dies
      36 1 Reuter ALGIERS, Wed.— Algerian President Houari Boumedienne died today after suffering a sudden relapse last night, the official Algerie Presse Service news agency said. L He had been in a coma since Nov 18.
      Reuter  -  36 words
    • Article
      Lock icon China visa plan
      31 1 Reuter HONGKONG, Wed.— China is to introduce a fiveyear multiple entry visa next year to facilitate local businessmen's visits to the country, the Hongkong Standard said today.— Reuter.
      Reuter  -  31 words
    • Article
      Lock icon Economic meet
      63 1 Reuter TOKYO, Wed.— Japan's Ministerial Council for Economic Measures has started a meeting to discuss the country's economic outlook for fiscal 1979, the Economic Planning Agency (EPA) said. Prime Minister Masayoshi Ohira and 10 Cabinet ministers, including those in finance, trade and industry, agriculture and labour, are attending.
      Reuter  -  63 words
    • Article
      Lock icon Pillars crumble
      80 1 Reuter TOKYO, Wed.— Japanese exports of vehicles and colour television sets, two cornerstones of the country's economic boom, are falling, according to figures released here today. Exports of colour television sets last month fell by 3.7 per cent from the previous month, and by nearly 10 per cent
      Reuter  -  80 words
    • Article
      Lock icon Growth forecast
      68 1 Reuter BONN, Wed.— West Germany's economy should achieve a real growth of more than 3 per cent this year, according to the Economics Ministry here. The figure compared with earlier predictions that growth would be less than this. The ministry said the gross national product in the third
      Reuter  -  68 words
    • Article
      Lock icon Dow Jones
      67 1 UPI NEW YORK, Wed.— Stocks, surrendering to gains made in recent days, headed lower early today amid reports that Iran had closed its oil refineries. Trading was moderate. The Dow Jones industrial average, which gained 7.54 points on Tuesday, was off 6.83 points to 809.16 at 1500 GMT.
      UPI  -  67 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      139 1 Rises Most Active Esso 382 -*-14 S Darby Oriental Hidgs 505 13 159,000 Ayer Httam Tin 1020 10 H Par 117,000 Straits Trading 570 10 KL Kepong #7,000 Metro Hldgs Y H S Msla 300 272 9 7 Wearnes 38,000 U I C 271 Total Turnover: 1.58m
      139 words
    • Article, Illustration
      In Kuala Lumpur
      136 1 Rises Most Active DKeramat 1080 Bedford 330 OCM 490 A Hium Tin 1030 D Baby 177 Duniop Ind 430 Malakoff 307 EAI 235 Wearnes 369 Falls loehKK 470 M Oedit 113 Wood ISO BJCawan 158 M'wmu 225 +90 +30 +14 10 +07 +06 +05 +05 +05 -90
      136 words
  • Article, Illustration
    Lending a hand to private sector
    669 1  -  HON'S POLICY STATEMENT By JOHN TAN GOVERNMENT policy in future will be aimed at strengthening and stimulating private sector participation in the economy, Finance Minister Hon Sui Sen revealed in a policy statement yesterday. The statement was in the form of an addendum to
    669 words
  • Article
    Lock icon Chinese keen to join hands with Sanyo
    197 1 UPI CHINA, in its bid to acquire Western technology, has proposed entering a joint venture with Japan's Sanyo Electric Co to produce food storage refrigeration equipment. China wants plants to be set up in Peking and Shanghai. Industry sources, quoted by Nihon Keizai
    UPI  -  197 words
  • Article
    Blueprint to improve state of labour unfurled
    646 1  -  By MARGARET THOMAS THE CENTRAL Provident Fund Board is to increase its investment activities over the next few years. This was indicated by Mr Ong Pang Boon, the Labour Minister, in the Labour Ministry's addendum to the presidential address at the opening of
    646 words
  • Article
    Strong showing by New Straits Times group
    277 1 THE NEW Straits Times graap pat m farther mam la the —j half ef Its flaaaetoi year to ead-Aagast feitowtag the streag flrat rtx matte. Pail-year prafits aaaaaacei aa Taeeday were a sahetaatlal 44J per eeat ahead ef the prevtoas flaaadal year at
    277 words
  • Article
    Textile body to hold first council meeting soon
    364 1  -  By FOO CHOY PENG THE ASEAN Federation of Textile Industries will hold its first council meeting early next year to discuss the implementation of the resolutions for promoting regional cooperation to strengthen its position in the world textile trade. The meeting will
    364 words
  • Article
    Lock icon RECORD OUTPUT
    80 1 UPI JAPAN'S industrial production hit a record monthly high in November, the Ministry of International Trade and Industry (Miti) said yesterday. The ministry said preliminary figures put the November index of mining "and manufacturing output at 125.3 against the 1975 base figure of 100, topping the previous peak
    UPI  -  80 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      5 1 Maxell CLEAN CLEAR SOUND ALWAYS
      5 words
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      Page 1 Advertisements Column 2
      141 1 KING OF THE ROAD Peugeot is riding high these days. It is not only Europe's top auto manufacturer but also the fifth largest in the whole world. Not bad for a family concern! To make France the only country that can rival the motor industry of America and Japan, Peugeot
      141 words
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      Page 1 Advertisements Column 3
      55 1 SHIPPING TIMES KM Wj PARK'S pledge to MM aew T us r 7 Smakmo rvr CASTES dM Ml tvemk kpig. exudes ffltkrr r 11 NOW tad ntlulM to IratM U STSONG iVtVMM wimdt IkM t? WEB o>Ttn auyte > tkfta year 12 MKMOPAD t, CBOBBWOBD6 J, AHCBAFT SCHEDULE I.TV* RADIO
      55 words
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      Page 1 Advertisements Column 4
      25 1 Trust Sony for your video needs S A* •i m i'> 1 <<*>*• xoS > f H M |4 H C rm Enquiries Tti *****1 IV akai
      25 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      URA offers three sites for condominium units
      753 2  -  By TEO TECK WENG THE URBAN Redevelopment Authority (URA), in its seventh sale, is offering three condominium land parcels aimed at encouraging smaller-unit development incorporating studio flats. Two of these sites are located at Leonie Hill and the other at Arcadia Road, adjacent
      753 words
    • Article
      Russia lacks offshore oil know-how
      223 2 THE Soviet Union is not yet in a position to help Vietnam in deep-sea offshore oil exploration, although the Russians will continue to send technical and scientific experts to help in onshore oil exploration and production in Vietnam. Disclosing this yesterday, Professor S.P.Maximov, director of
      223 words
    • Article
      Lock icon Taiwan set for advanced industries
      49 2 Reuter PRESIDENT Chiang Ching Kuo of Taiwan on Tuesday made available US$6OO million (5513.2 billion)for development of sophisticated and export industries, the Central News Agency reported. The President said the executive Yuan (Cabinet) should speed up preparations for carrying out sophisticated technology-inten-sive industrial development.
      Reuter  -  49 words
    • Article
      Lock icon MASSIVE CEMENT ORDER
      112 2 AP ÜBE Industries Ltd, a major Japanese cement maker, said yesterday it will export 1 million tonnes of cement to Saudi Arabia. Under the dollar-denomi-nated contract signed with Arabian Bulk Trade Ltd, a Saudi cement trading house, the export value in terms of yen is 11.2 billion
      AP  -  112 words
    • Article
      Shortfall in China grain likely
      477 2 CHINA'S industry recorded its best results in a dozen years this year but grain production fell short of the state target, according to a year-end economic report by the New China News Agency yesterday. Economists who specialise in China said the shortfall in grain is
      477 words
    • Article
      China's new north-south rail link
      72 2 CHINA has completed a new 885-kilometre north-south railway from Chihcheng in Central Hupeh province to Liuchou in Southern Kwangsi province, New China News Agency reported yesterday. A ceremony marking the linking of the tracks was held on Tuesday in Hunan's Huaihua city with two trains,
      72 words
    • Article
      Lock icon Fertiliser additive may spur rice production
      244 2 UPI Reuter A NEW fertiliser supplement recently tested by Philippine government rice experts can boost rice production by as much as 42 per cent. Results of a four-month test by the Maligaya Rice Research and Training Center on the fertiliser supplement showed that rice
      UPI; Reuter  -  244 words
    • Article
      Workshop on human awareness
      145 2 EXPANDING human awareness, developing self-aware-ness at sensory, emotional and mental levels and enhancing inter-personal communication through creative thinking and sharing are the objectives of a workshop to be conducted by an America n clinical psychologist, Dr. Dale Bailey. The workshop, to be held on Jan 6,
      145 words
    • Article
      UK Trade Secretary to meet Lee
      179 2 THE NEW British Trade Secretary, Mr John Smith, will be holding talks with Mr Lee Kuan Yew and Ministers for Finance and Foreign Affairs, Mr Hon Sui Sen and Mr S. Rajaratnam during his three-day visit to Singapore next week. Mr Smith, who succeeded
      179 words
    • Article
      Ink maker pumps $400,000 to boost output
      196 2 AN ink manufacturer here has expanded its production capacity to cope with the growing demand (or its goods and also to capture a larger slice of the expanding market. ZNC, the firm, which moved to a new plant in Jurong a week ago,
      196 words
    • Article
      Lock icon Price freeze order
      111 2 Reuter AFP PRESIDENT Ferdinand Marcos has ordered that prices of commodities under the government's socialised pricing programme be frozen at present levels, until after March when they will'be reviewed, a National Economic and Development Authority (Neda) spokesman said yesterday. The programme regulates the prices of commodities like
      Reuter; AFP  -  111 words
    • Article
      MEMO PAD
      353 2 COURSES AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), STTC, srrc Jan 6: Dynamics of communication and growth workshop, Hyatt Hotel, Dr Dale Bailey Jan 8-10: IE Module 1 Method study, Human Factors Engineering and Safety Royal Ramada NPB Jan 8-23: Industrial Hydraulics
      353 words
    • Article, Illustration
      Ultraviolet probe
      434 3 AN AUSTRALIAN monochromator is helping scientists make detailed studies of the effects of ultraviolet radiation on the earth, its atmosphere and inhabitants. The 4-metre Instrument was designed and built by members of the Physics Department of the University of Adelaide in South Australia. The instrument produces pure ultraviolet
      434 words
    • Article
      Petrochem plant for China
      95 3 PULLMAN Kellogg announced on Tuesday it has contracted with China to provide engineering, procurement and construction advisory services for a large petrochemical complex. The contract is said to be the first awarded an American engineering and construction firm for a complete process facility since announcement of
      95 words
    • Article
      Lock icon Nuclear study for Australia
      202 3 Reuter A JOINT feasibility study by Australia and Japan has found that Australia can build a large-scale nuclear fuel enrichment plant using foreign-developed centrifugal technology, Japanese government sources said in Tokyo yesterday. A report on a two-year study by government officials and private experts from both
      Reuter  -  202 words
    • Article
      Lock icon Peking's nuclear buy
      87 3 UPI THE US Department of Energy has informally approved the sale to China by a subsidiary of the French Creusot-Loire Combine of two 925,000 kilowatt nuclear reactors based on technology from Westinghouse Electric Corporation of Pittsburgh. The order ultimately can reach US$2.2 billion (554.9 billion). Although President
      UPI  -  87 words
    • Article
      Lock icon Park's promises of better future
      482 3 Reuter PRESIDENT Park Chunghee of South Korea yesterday officially began a new six-year term of office, pledging to build up the country into a highly industrialised welfare society but dropping few hints that he will moderate his dictatorial rule. However the Korean political climate has
      Reuter  -  482 words
    • Article
      Lock icon Australia-Japan fishing talks hit stalemate
      236 3 AustraliaJapan fishing talks hit stalemate AFP AUSTRALIAN negotiations with Japan on fishing rights in the proposed 320-kilo-metre fishing zone have reached stalemate. Proclamation was intended at the end of February by the Australian government with simultaneous announcements of agreements with South Korea and a number of other countries. The Japanese
      AFP  -  236 words
    • Article
      Japanese mission for KL on shopping spree
      209 3 A TOP-level Japanese buying mission will arrive in Kuala Lumpur next month on a massive shopping spree for Malaysian goods. The mission, comprising 34 executives of well known chain stores in Japan, will be coming with a long shopping list. Among the goods
      209 words
    • Article
      Lock icon Philippines to join oil-producer league in Feb
      258 3 AFP Reuter THE PHILIPPINES will definitely become an oilproducing country by next February, according to Energy Minister Geronimo Velasco. The minister said production from three oil wells in Palawan province, 576 kilometres southwest of Manila, would reduce the country's dependence on foreign supplies
      AFP; Reuter  -  258 words
    • Article, Illustration
      Lock icon Suharto's tough task
      724 3 Reuter GENERAL Suharto has the difficult task next year of moulding a framework for Indonesia's national development over a period longer than his presidency. The country's next fiveyear development plan (Repelita Three) is due to go into effect next April 1 and will take Indonesia into 1984.
      Reuter  -  724 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      277 2 THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD (Incorporated in Malaysia) The Directors have pleasure in announcing the unaudited for the year ended 31st August, 1978 as follows: Total Turnover Profit for the year after charging all expenses of operation Provision for taxation Extraordinary Items j Minority interest Unappropriated profit brought
      277 words
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      Page 2 Advertisements Column 2
      204 2 THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Seventh Annual General Meeting of the Company will be held in the Theatrette of the Company on the Ist floor of Balai Berita, 31 Jalan Riong, Kuala Lumpur, on
      204 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      70 3 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 haudbeaten copper stills. The result is, perhaps the finest
      70 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      621 3 TWO-IN-ONE CROSSWORD L 11 Unused (3) 12 Break out (5) 13 Pulled along (7) 15 Hostelry (3) 16 Clothes-line fastener (3) 18 Girls (6) 20 Lifeless (5) 21 Use needle and thread (3) 22 Chop off (3) 23 Fuss (6) 25 Jelly (3) 28 Foe (5) 30 Scavenging animal (5)
      621 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      389 4 THE Singapore rubber market yesterday closed very quiet with January One RSS buyers quoted at 238.00 cents per kilo, up 0.75 cent from last Friday's close, dealers said. The morning session closed slightly higher with January One RSS buyers quoted at 237.75 cents per kilo, up
      389 words
    • Article
      Closing prices
      29 4 Rubber: Dec 27 Singapore: January: 238.00 cents (up 0.75 cent) Malaysia: January: 241.50 (up 0.75 cent) Tin: $1,781 (down $4) Official offering: 205 tonnes (up 14 tonnes)
      29 words
    • Article
      RAS PRICES
      335 4 Prices In cents per kilo yesterday: Noon (per kilo) Buyers SeUers Inl. 1 R.S.S. prompt f.o.b. 237.50 238.50N Int. 1 RS.S Jan 238.00 238.50 Int. 1 R.S.S. Feb 239.75 240.25 Int. 2 R.S.S. 236.00 237.00N UK Cant. 235.00 236.00N Int. 3 R.S.S. 233.00 234.00N UK Cont 232.00 233.OON
      335 words
    • Article
      SSR and SMR
      94 4 NOON SSR and SMR prices yesterday HAS Jmm (Cam wry ■t Mtk) flrllrri <r Mmrj •rwari Mtk) SSR 20 SSR SO MBELB (1-ton pallet) (1-ton pallet) (Mali 237.00 234.00 "Soon 236.00N (e 238.00 235.00 aataper kg) 240.OON 237 00N SMR 5CV SMR5L SMR 5 SMR 10 SMR
      94 words
    • Article
      Straits tin
      193 4 THE Straits tin price in Penang yesterday dropped Ms 4 per picul to 11,781, $81 above the International Tin Agreement ceiling, dealers said. The further increase in tin supplies by miners coupled with a lack of buyers caused the market to ease slightly, they said. Trading remained quiet
      193 words
    • Article
      Produce exchange
      276 4 THE Singapore produce exchange passed through another day of quiet trading yesterday in the midst of the festive mood still prevailing in most of the world's major producers. With only a few days left before the year ends, this trend is likely to continue. Most prices remained generally
      276 words
    • Article
      Hongkong Comex
      184 4 SUGAR futures trading was quiet in Hongkong yesterday on continued lack of interest with two lots traded against three on Friday, dealers said. Nearby January closed at 7.75/8.00 against Friday's 8.25/35 close, March was 8.60/90 against 8.70/9.10 and the distant October was at 9.20/40 against 9.39/89. Su^^ckMtogprtoa: (MHUK
      184 words
    • Article
      SPOT PRICES
      187 4 YARN and cotton la Hongkong dollars, apot ex-godown: Cittaa yarn: China Blue Phoenix 30a 2,330. 33a 2.850 40a 3,000 (per bale of 400 lha). Pfoea gaada: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower aad Butterfly unq; Flying Geeae unq (per piece 36
      187 words
    • Article
      Coffee
      272 4 ROBUSTA futures opened about steady in London yesterday morning, £33 basis March at £1,315 to £22 per tonne higher on last Friday's close in sales of 319 lots. Dealers said initial buying which made for gains of around £38 in March at £1,320 tended to dry up by the
      272 words
    • Article
      Cocoa
      205 4 COCOA futures opened £18 to £12 per tonne higher in London yesterday morning, with turnover of 1,016 lots. The market was quiet with prices advancing in very thin dealings. Dealers attributed the higher levels to a combination of news the Ivory Coast had suspended cocoa exports due to falling
      205 words
    • Article
      Soybean
      186 4 SOYBEAN futures closed lower, although losses were trimmed by late local shortcovering prompted by commission house buying in Chicago on Tuesday. Prices finished off 10-1/4 to seven cents a bushel, several cents above the session's lows. Local, professional and commission house selling provided pressure most of the day. Analyst%said
      186 words
    • Article
      Palm oil
      68 4 C.I.F North European porta. In US dollar* per ton ui otherwise stated. I LONDON: Prtrtoui Malaysian 5% ffa bulk per tonne February uncb SlOalr Sumatra 5% f f a bulk December uncb oooeiopd January Stair SSOalr February saoalr OBair Mar/May SllJOalr OOjOOpd Mar/April uncb enjopd Nigeria S% fta
      68 words
    • Article
      Gold
      509 4 GOLD futures closed quietly firm in Singapore yesterday after fluctuating narrowly throughout, dealers said. Opening quotations were marked up sharply around US$4.5O in most positions following reports Iranian oil exports have stopped and higher New York gold prices and thereafter the market ruled quiet. Turnover, however, rose to 84
      509 words
    • Article
      Rice
      192 4 BANGKOK rice prices were quoted as follows yesterday: (la US dollars per tonne FO B basii Bangkok) rtoe: 100 pet Ist ckaat 3D, 100 pet 2nd etas 306. 100 pet M eta* 300. 5 pet 252. 10 pet 2T2. 13 pet 367, 30 pet 265. 35 pet 302. 35
      192 words
    • Article
      Sugar
      242 4 AT THE END of the morning in London yesterday, raw sugar values were £3.20 to £2 per tonne down and turnover totalled 948 Ms. The market opened lower following the shakeout in New York last Friday and Tuesday and the strength of sterling against the dollar. However, sellers were
      242 words
    • Article
      Zinc
      46 4 ZINC finished the morning up £3 for cash and £2.5 for three months in Lxmdon yesterday morning. The market reflected the very steady trend in lead but was generally subdued. Three months traded up to £355.5 per tonne with turnover of 1.300 tonnes mainly carries.
      46 words
    • Article
      Copper
      282 4 COPPER wirebars finished down £2.5 for cash and £1 for three months in London yesterday morning. The early morning premarket had been steady reflecting the New York trend but the higher levels attracted selling prompted by firmer sterling against the US dollar. Three months traded up to £790 initially
      282 words
    • Article
      Wheat
      114 4 WHEAT futures lost to 1 1 2 cents a bushel at midsession in dealings keyed mostly to losses in the soybean pit in Chicago on Tuesday. Prices eased on selling by locals. Commission houses were small buyers. There was little news that morning to support the market, traders noted.
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        459 4 THE US dollar was traded on a quiet note on the foreign exchange market yesterday. Opening at 1.9510/20 against the Japanese yen, it firmed slightly to 1.9640/50 before Tokyo cloned. But London's opening during early afternoon got the rate higher to 1.9450/60 when the dollar was traded down
        459 words
      • Article
        Asian $ rates
        170 4 Asian rates ASIAN currency deposit Interbank rates as at close on Dec 27 7 days 1 month 2 months 3 months 0 months 9 months 12 months 10H 10'. 10V. 10H 115/18 11 VIS 12 1/1« 1115/18 12 11/1C129/16 12'-* 12 121/16 1115/18 Dm*. a- l 1 month 3 months
        170 words
      • Article
        Discount
        50 4 Raage of pr ien offered by dbeout kow w* M Dm 17: Overaight 3 to 4>/k« Call depoelta -4 to 4'%% CU« 3 month Treasury bills m 4 3 month Bank bills 7H 7W 3 month CD 7H 7H 6 month CD 711/16 78/lfl Source: National Discount Co Ltd
        50 words
      • 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.
        21 words
      • Article
        Frankfurt
        25 4 FRANKFURT exchanges opening quotes yesterday: US 1SXM/M cu ixmm Slg 3.7M/7M on e.ose Sfr 1UJ5U1JB utiiM/nt FYrOM/W Nkr Btr cm UMH Btr r<« mmm
        25 words
      • Article
        London
        251 4 THE IX)LLAR IN London yesterday opened sharply easier after the Christmas holidays, largely because of the apparent worsening of the political situation in Iran. The dollar opened at 1.8335/55 marks compared with 1.8510/50 at the close on Friday. Dealers said the volume of business remained light and most thought
        251 words
      • Article
        New York
        191 4 THE DOLLAR closed weaker against most major currencies in quiet trading in New York on Tuesday, dealers said. Most European markets were closed for the Boxing Day holiday. The dollar fell to 1.8450/80 marks from the opening 1.8520/60 and Friday's closing 1.8550/8600, and to 1.6410/60 Swiss francs from
        191 words
      • Article
        Hongkong
        107 4 THE US dollar ruled slightly easier against continental currencies in small volume business in Hongkong yesterday, dealers said. Operators were tending to favour the mark as they opened new positions after the Christmas holiday break, with sentiment continuing to be unsettled by developments in Iran. However, unwinding of short
        107 words
      • Article
        Tokyo
        151 4 THE DOLLAR for overnight delivery In Tokyo yesterday closed firmer at 136.55 yen, compared with 195.30 at the opening and Tuesday's close, dealers said. The dollar recovered slightly In thin late trading on limited Import covering by Japanese corporations and dollar buying by Japanese banks to adjust positions after
        151 words
      • Article
        Australia/NZ
        50 4 A U STRALIA NZ quotes yesterday: US dollar 1.14 M 1144S Stortiaf 0 5731 MM Ninety -day air mail buying ratai; Swriio, OJB3 US dollars 1.1914 Ninety-day lorward buytaif r*MH Swritag MM 0J373 US dollar IMB I MG Ninety-day airmail buytag ratt Sterling O XM US dollar 1 MM
        50 words
      • Article
        Treasury bill tender
        54 4 THE MONETARY Authority of Singapore nk&g invited banks and discount houses to tender for a total of 135 million 91-day Treasury bills to-be issued from Jan 2 to Jan 5 and $10 mflfrw. na.fl tY Treasury bills to be issued on Jan 2. Each tender must not
        54 words
    • Article
      Silver
      89 4 SILVER closed 0.8 pence down IN London yesterday morning. Values softened In the initial pre-market with dealers attributing the movement to the early trend in gold and firmer sterling against the US dollar. Subsequently, prices held steady in the absence of pressure either way with the ring turnover of
      89 words
    • Article
      Lead
      67 4 LEAD finished £4.75 up for cash and £3 for three months in London yesterday morning. The tight nearby position and a dwindling stocks figure of 16,025 tonnes together with market talk of some physical demand held values very steady. Three months traded up to £407 and the backwardation widened
      67 words
    • Article
      Aluminium
      24 4 ALUMINIUM was £0.5 higher for three months in London yesterday morning. The market lacked real trading interest and only 100 tonnes changed hands.
      24 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      201 4 c r The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive "Foulks Lynch
      201 words
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  • OVERSEAS
    • Article, Illustration
      Electron beam welding with a difference
      255 5 NEW teehalqae, said to be the Ant la the werid that eaabies electrea beam weidlag to be ased aa a eeattaaeas flaw process, haa beea developed la Brlt.i. Called the Rapid Traasfer System, It operates at weidlag speeds tram ttt to ltW parte aa
      255 words
    • Article
      Lock icon Gloomy prospects for retailers
      614 5 Reuter CHANCES for growth next year in the volume of retail goods purchased is clouded by the threat of inflation, the American government said on Tuesday. t The Commerce Department said it expects the value of sales to increase at the same 10 per cent rate
      Reuter  -  614 words
    • WORLD IN BRIEF
      • Article
        Lock icon A RING OF PROTEST
        533 5 Agencies HUNDREDS of steel-work-ers in Longwy, northern France, facing job loss, 'have placed this industrial tpwn under a virtual state of seige by blocking all roads and out. The blockade on Tuesday „was set up in protest .against government plans J for re-organising the ailing steel
        Agencies  -  533 words
    • Article
      Carter did not overrule his budget officials
      570 5 WHEN PRESIDENT Carter restored US$2 billion (554.4 billion) for domestic social and economic programmes to his planned 1900 budget last Friday, he appeared to be overruling his office of management and budget. In fact, he was doing just what the prepared script called
      570 words
    • Article
      Lock icon Big jump in Latin American imports
      159 5 NYT LATIN American imports, mainly from Western industrial countries, increased 9 per cent to an estimated US$52 billion (Ssll4 billion) this year, but economic growth remained sluggish for the third consecutive year, according to the United Nations Regional Economic Commission. Mr Enriqu Iglesias, a
      NYT  -  159 words
    • Article
      Lock icon Proposal to boost defence spending
      313 5 NYT PRESIDENT Carter has decided to propose an increase in next year's defense budget to U*****.8 billion (5J270.2 billion) in order to meet the administration's pledge to bolster military spending in Europe, administration sources said on Tuesday. The figure will enable the administration to claim
      NYT  -  313 words
    • Article
      Lock icon VIOLENCE IN IRAN SAPS U.S. FIRMS
      516 5 AP THE BLOODY hostilities befalling Iran are taking a severe toll on American corporations doing business there from aerospace firms facing lost defence contracts worth billions to hotel owners staring at empty rooms ordinarily filled by tourists. The slaying of US oil executive Paul
      AP  -  516 words
    • Article
      Lock icon Yield of US paper to rise further
      530 5 NYT YIELDS on treasury notes and bonds hit their highest levels in history last week, and they are likely to climb still higher in 1979. That, at least, seemed to be the consensus of several leading money and bondmarket economists recently, as they
      NYT  -  530 words
    • Article
      Lock icon ZAMBIANS GO ON BIG BUYING SPREE
      177 5 Reuter ZA MB LANS have begun a huge buying spree following the re-appearance of many basic commodities in the shops for the first time in several months. Some six million kwacha (nearly 5517.5 million worth of goods began appearing in supermarkets just before Christmas
      Reuter  -  177 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      700 5 ARRIVALS Serrice Local Operator Nuaber Tuse Fro* GIA GAM 1030 HLP MAS MH605 10C KUL SLA SQ1Q3 10C KUL SIA SQ209 10C HLP GIA GA944 1055 PKU GIA GA891 1100 AMS FRA KHI GIA GA908 1100 MES PAL PR501 1135 MNL GIA GAS82 1200 HLP SIA SQ240
      700 words
    • Article
      Lock icon Brazil's dark year
      396 5 Reuter BRAZIL had one of its worst years for agriculture in 1978, Agriculture Minister Alysson Paulinelli said in an interview with the "Jornal do BrasU" newspaper in Brasilia. Mr Paulinelli said Brazil lost almost 14 million tonnes of grains through drought and credit restrictions. Brazil had to
      Reuter  -  396 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      178 5 -fin Financial Institutions in Singapore Yearbook 78 The most complete source book on Singapore banking and finance is now on sale. Contents include: Performance Rankings of: the top ten commercial banks, merchant banks, finance companies; domestic banking groups/companies, full, restricted and offshore banks. •Sector wise ovrvlsws/pertormance reviews commercial and merchant
      178 words
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  • Article
    A maturing of our early efforts
    535 6 THE ARTICULATION of government policy in the various addenda to the President's address to Parliament is noteworthy in that it reflects certain fundamental changes that have taken place in the economy. These changes happened gradually over the past few years and transformed the nation
    535 words
  • Article, Illustration
    Lock icon Space age materials finding their way to the kitchen
    1323 6  -  PROMISE OF AN EXCITING ERA IN TECHNOLOGY SCIENTISTS and technologists believe that a new era is at hand when our raw materials will actually be manufactured, molecule by molecule. And the day will come soon, MALCOLM BROWNE reports, when household items
    NYT  -  1,323 words
  • Article
    Lock icon The robots are coming
    729 6  -  By ED LION UPI INDUSTRIAL ROBOTS may set be levabie like R2-D2 «f Star Wan fame, bat are helpiag maa baadle daagereaa, mwitmM jebs with high efficieacy. "Theee rebeto are eat hemamU aad are aet Hke tbe rebel caaeeptiea «f eeieaee fietiea," sakl Brtaa FM ef
    UPI  -  729 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      253 6 ■i m s i. a m A (i i a m t r K-^jt r —-a Henkfi* HenkellTrocken The awardwinning sparkling wine from Germany. Aaothcr quality product from Getaway to Sentosa For a fun-filled X'mas New Year holiday package Do something completely different this year. Peck up your begs end
      253 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      58 6 Outlook for Singapore from 6 a.m. to noon today: Fair. Report for 24 hours prior to 7.3* p.m. oo Dee 77 at fee airport: Maximum temperature 31.6 C Associated humidity 60 Minimum temperature !....22.6C Associated humidity 94 Hours of sunshine 6.15 Rainfall in millimetres nu Total rainfall for the month
      58 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      259 6 J.VJMRWIO SINGAPORE 5 3.00 Opening followed by The World Of Sport The Olympic Games For The Physically Handicapped* 3.30 Diary Of Events (Chinese)* 3.35 Home Sweet Home 4.20 Intermission 6.05 PM Opening followed by What's My Line 6.30 News in Brief* 6.35 Outline History Of Europe 7.05 Samudra (Repeat)* Opening
      259 words
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  • Article
    Lock icon US overseas encounters: Problems and promises
    1138 7  -  By LEONARD SILK NYT POWERFUL WINDS from overseas from the Middle East to China continued to dominate the course of the American economy, j 3 Opec's announcement that they would r raise the price of crude oil 14.5 per cent to U5514.52 a barrel
    NYT  -  1,138 words
  • Article, Illustration
    Time is running out for the Shah
    1111 7  -  By JOHN TAN BARELY A WEEK after the Shi'ite Muslim festivities ended, with the Shah still clinging to power, the demonstrators have again come back, this time with an intensity that threatens to exceed any so far seen. Foreigners have been killed, members
    1,111 words
  • Article
    Ballet performance far from mediocre
    270 7  -  Letters to the Editor WE WOULD ramlai all eir raiitn that we are asaally pwpairt te pebtiah the letters that they feel eempelM te Mai te as. Hewever, as letter eaa he nasliwnl far pahHeatfaa aaleas the aame aai address sf the aeaier Is laelaM.
    270 words
  • Article
    Concorde rate of exchange
    96 7  -  D.W. DISTANT SO ONCE again the Concorde is to fly our way (BT Dec 22). Not that it makes any difference to me as I am not a flying businessman. What irks me is that the basic fare of £795.50 is to cost Singapore departees 554,297.
    96 words
  • Article
    It's the thought that counts
    1046 7  -  [FORUM i ...with Quek Peck Lim LAST WEDNESDAY, the New Nation sported on its front page two stories which, though dissimilar in content, are all too often these days synonymous with managerial (both government and private sector) attitudes to the general populace. The first article
    1,046 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      325 7 "COME, WINE AND DINE m™E MANNER FIT FOR IMPERIAL LORDS" Now. there a place where you can really feast like the Imperial Lords The Chinatown Restaurant Serving the best of Szechuan cuisine. Shanghainese. Peking and Cantonese specialities Our chef from Hong Kong promises a wide selection erf exclusive, authentic dishes
      325 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      63 7 I ra^kJ)ickßns 005TTHWK OF IT' WBiDOeg To uSf THC cowveyoc &ei-T foR 14 CP^ S WEILL fce RON OFF l \4 t s_^ar.. I KCeP fmNKM4G OF TMPkf) POO« D€J*/»L ON THe UNC V >IU E' DIDN'T Me SOGViVG '«e.T»eD Tb R chair -to£ D«eRDeD *nd Bu>e Blrck ink:" rßs«iy
      63 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      A bullish opening
      593 8 J'OKYO THE MARKET yesterday opened bullish, spearheaded by I large-capital stocks and highi priced lijght-electricals, mainly h due to the following investors' expectation: Individual capital gains tax r on stock market profits will c not be as severe as previously < expected; Easy money situation is exit
      593 words
    • Article
      Sydney
      264 8 DEC rt Cent* 4/INDUSTRIALS a r i 194 43 A M I 179 44 a A. P K Amnol Pet. 112 wt 42 a RHP a Bank NSW 4 Bom J Brambles J C. B. A. c. a r. Coal AUled t> Dunlop Kx lnd r HermM a, Hooker
      264 words
    • Article
      Manila
      141 8 THE MARKET closed mixed yesterday with commercials and mining averages posting gains while oils declined, dealers said. Turnover rose to 31.6 million pesos from Tuesday's 21 million. Unchanged issues included Acoje Mining, Baguio Gold, Lepanto B, Philex B, Oriental B, Pogei, BF Goodrich, CDCP and Meralco. DEC 27 Peso*
      141 words
    • Article
      Bangkok
      101 8 Bangkok Insurance Berll Jucker Bangkok Nylon New City 1044 una 400 230 -14 ♦2 unq Carpet International Charoong Thai Wire 3*9 +14 275 Crown Seal Goodyear O.S. Steel unq International Trust and rund 448 ♦6 J. and J. Ho a Karnasuta Metal Box 31 SahaPatana Investment unq SahaPattha napibul
      101 words
    • Article
      Hongkong
      271 8 THE YEAR-END rally Qsled out yesterday with prices losing most of Friday's gab» in extremely quiet trading. Thta was despite creditable performances in Japan and on Wall Street. Hang Seng index: 503.70 -7.« Turnover: HKS29.S aßha DEC IT JOU AMI RtbMr 1MB Associated Hotels 1M Bowatert Chcooc Koaf UB
      271 words
    • Article
      Selected Indices
      60 8 FINANCIAL TIMES INDUSTRIALS Tuesday closed Monday closed Week A|o 478.1 DOW JONE8 AVERAGE INDUSTRIALS Tuesday 818.01 Monday closed Week ago ***** LONDON DOLLAR PREMIUM Tuesday closed Monday closed H.K.HANG SENG Wednesday 503 TO Tue«d*y ...closed Week tfo 498.79 SYDNEY INDUSTRIALS Wednesday 487.01 Tuesday closed 12 3 •S M
      60 words
    • Article
      Paris
      303 8 SHARE prion were federally steady in calm trading on Tuesday, delayed by fifteen minutes at the opening doe to an influx of orders on the cadi market, bourse sources said. DEC as Prs CORBEILLE Air Liquid* III Oervals Dtnoo* Car (Thomsonr*t\ s s 1 1 >9 uneh 41 Ctc
      303 words
    • Article
      Bargain hunting gives prices a boost
      1129 8 NEW YORK STOCK prices rallied on Tuesday in moderate trading after drifting indecisively much of the day. Analysts said the market was helped by bargain hunting. the continued influence of IBM's planned stock split, seasonal factors, and resistance to bad news. Dow Jones industrials
      1,129 words
    • Article
      Lock icon SEC probes bids for National Airlines
      497 8 NYT THE American Securities and Exchange Commission has begun an investigation into efforts by Pan American World Airways and others to acquire National Airlines. In a report filed on Friday with the SEC, PanAm disclosed that the company and Mr William Sea well, its
      NYT  -  497 words
    • Article
      Lock icon Shell fights ruling on franchise
      168 8 Reuter THE Shell Oil Company has challenged in court a new American Federal Trade Commission rule that requires sellers of business franchise* to disclose a wide variety of information to franchise buyers. Shell said the new rule would circumvent the FTCs own rule-making procedure and
      Reuter  -  168 words
    • Article
      Lock icon Japanese firm develops forests in Indonesia
      173 8 UPI MATSUSHTTA Denko, a division of Matsushita Electric industries, said it will start developing forests in Indonesia to Import lumber and other wood materials to Japan. A company source said an electric appliance and houseware manufacturer recently established a new firm in Jakarta in
      UPI  -  173 words
    • Article
      Teijin, Memorex in tie-up
      113 8 TELJIN said it and Memorex Corp of the US will establish a Joint company in Tokyo this month to produce magnetic recording discs, dubbed floppy discs, for computers. The new firm, Teijin Memorex, will be capitalised at 100 million yen to be 51 per cent owned
      113 words
    • Article
      Lock icon Olympus Optical
      24 8 Reuter AFTER-TAX profit 3JT billion yen (SJ3 billion) for year ended Oct SL (5.57 billkm yen (C3.9S billion). Dividend 7.5 yen (same).
      Reuter  -  24 words
    • Article
      Deferred shares to bring back private investors
      1236 8  -  By GERALD COLVERD THE progressive institutionalisation of the UK securities market can be anticipated to have taken a major step forward during the past year. Introducing the Unit Trust Association's evidence to the Wilson Committee on the workings of the City, chairman Edgar
      1,236 words
    • Article
      Lock icon Toyo Kogyo signs contract
      96 8 UPI TOYO Kogyo Go, manufacturer of llaada can, said it has signed a contract to supply trans-axles for frontwheel drive pa ssi npi cars to Ford Motor Co of the United States for Ave years beginning in ISOO. Company president Yoshitd Yamazaid said ship- ments of
      UPI  -  96 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      194 8 On TELEVISION Now 9 i the BBC's longest and costliest TV dramatisation of a single novel Leo Tolstoy's War and Peace. Now available in a beautiful Penguin gift pack. V Vj Professor John Kenneth Galbraith presents his views on economics in The Age of Uncertainty. His renown books in Penguins
      194 words
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  • Article, Illustration
    On the trail of those tell-tale symptoms of a coming deflation
    1124 9  -  No one suggests the turn-down of leading indicators makes an immediate end to inflation inevitable. On the other hand they indicate that a roll-over to deflation is possible By DONALD F. SINCLAIR THE one thing that the whole world
    1,124 words
  • Article
    CHICAGO BOARD OPTIONS
    1536 9 On December 26 CHICAGO Board Options Exchange volume declined to about 133,000 contracts from last Friday's 135,225. OPTION JAN APL JLY STOCK Alcoa 40 UNTRD UNTRD NOL 481/2 Alcoa 45 4 UNTRD UNTRD 481/2 Alcoa SO 15/18 27/8 UNTRD 481/2 Alcoa 80 UNTRD UNTRD UNTRD 481/2 Am
    1,536 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      136 9 LJLPENGUIN BOOKSHOP Th. RUNNER'S Handbook -mi 4 4 V? ft* a i y> l?T wvwra handbook HANDBOOK WHY DO Kttm&s M4K£ KUNMING snMuum lAUAsreasl OF HEALTH I 10HEXS Here at last is The Runners Handbook, a complete Fitness guide tor Men and Women. Whether you plan to jog a mile
      136 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1077 10 BID and offer prices officially listed and business in and reported to the Btock Exchange of 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
      1,077 words
    • Article
      Government bonds
      153 10 BONDS 7* 1/7/79 (25o.ooo) (ioooob 101.108) 4 1/1% 1/8/90 (230,000) (W.2SB 90.306) 4 3/4* 15/9/80 (250,000) (M.578 90.068) ft* 1&/4/81 (250,000) (99.708 •MOB) ft* T F 1/ft/83 (250.000) (100.108 *****8) ft S/4* T F 15/3/83 (250 XXX)) (100.406) ft S/4* T P 1 ft/8/81-84 (250,000) (102J06) ft* T
      153 words
  • Article
    Unit trusts
    102 10 wmmbwwh (Hin|in'|rtwtwni two——« re wr »m u Tf* Savlag rod L21 £par* Prof Tmd on Spar*Sac. IM L«J S par* Ibvm Fttad m tfutmrmir u u LT LS -tfsrKs'-'-.s LL Lr ■tt ■w B"*/* rw LU 1.13 Spor» Growth ruod «J«H MTH OtOOMB BOND DMT |C»IWk|rtMi) ne Bond
    102 words
  • Article
    SHARE INFORMATION SERVICE
    2487 10 1978 Hifl Low Coai pany Last Sale o 7 *n Div CVr IS SU Vol Day (*000) High Low SECTION ONE INDUSTRIALS 273 238 178 219 275 111 an 326 245 800 132 133* 107 133 196* 59 182 173* 140* 350 Acma Alcorn Allied Choc BAT
    2,487 words
  • Article
    In Kuala Lumpur
    1376 10 BID and offer prices officially listed and business in and report*o 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 Aama <2.008 2.158) Almm (1.878 1.898) <10) 1.87. A Ohaa (i
    1,376 words
  • Article
    COMPANY MEETINGS
    205 10 4jra»s«le Mas (M) M: AGM to be held at Suite B, 2nd Floor, Ming, Jalan Buidt Nanas, Lumpur at 3J9 pm today. ■*fh*t Its LM: AGM to be held at 70, Jalan Ampang, Kuala Lumpur at 2J0 pm tomorrow. to be held at 70, Jalan Ampaag, Kuala Lumpur
    205 words
  • Article, Illustration
    End-of-year squaring off props up the market
    724 10 THIN BIJ PI O T hW la nleeM reaal< in for the noMd day rmmaiag at the Steek Exfhaage «f Slagapere yeaMay. The tradlag atmesphere was qelto similar to that the prevtoas day hat «W to pash Prices Urfkw was appar- eat hi
    724 words
  • Article
    Bargain hunting pushes prices to higher levels
    483 10 PRICES continued to make slight improvement in dull and sluggish trading at the Kuala Lumpur stock market yesterday. There was however little incentive to deal as'most operators prefer to remain at the sidelines. As a result most of the transactions concluded were due
    483 words
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  • COMPANY NEWS
    • Article
      S and C discloses Rubber Trust share purchases
      213 11 SCHRODERB and Chartared Ltd, which to advtsiag Rather Trast Lid, Aaw Igaamtod Rather Estates Ltd aad Shaaghai Kelaataa Bathes Estates (IKS) Ltd <a the pripnel takeover el the raaipaatrs by Blghlaada aad Lewlaade, has aaasaaeed par ehaaes made aa behalf ef It
      213 words
    • Article, Illustration
      CCB will maintain current profit level
      810 11  -  ROAD AHEAD BUMPY By SUSAN BEVAN CYCLE ft Carriage Bin tang chairman, Mr. Chua Boon Peng, has forecast that profit in the current year "should at least match" that reported recently for the year to Sept 30 (MH7.9 million pre-tax). This however, must be
      810 words
    • Article
      Batu Kawan to issue 15m new shares to bumiputras
      386 11 BATU KAWAN will make a new issue of 15 million ordinary shares of Msl each to bumiputra investors, as part of its on-going programme towards achieving the objectives of the Malaysian New Economic Policy. The additional shares will be privately placed
      386 words
    • Article
      DIVIDENDS ANNOUNCED
      482 11 Curreat Ex Book* Date Total for Total for Payment Date Cloae Payable the year Previous year PMR1 10* I Dec 4 Dec 14 Dec 27 10* 25* M U I 5*1 Dec 13 Dec 26 Dec 28 5* MalakofT 7.5*1 Nov 29 Dec 11 Dec 29 7.5* 11.25*
      482 words
    • Article
      SCRIP ISSUE
      214 11 Company Particulars Ex Date Books Close S'pore Land Rights issue of 1 for 3 Synthetic Resin* $1.40 per share Dec 15 Dec 22 Rights Issue of 2 for 5 Fed.Cables fe $100 per share Dec 13 Dec 26 Rights issue of S for 8 G Ceramics fe $1.00
      214 words
    • LATEST RESULTS
      • Article
        KUALA LUMPUR KEPONG:
        48 11 Group pre-tax profit of M 545.74 million ($41.56 million) for the year ended Sept 30, 1978. The average selling price per kilo of rubber was $224.27 cents ($217.69 cents last year); palm oil was $1,246.23 per tonne ($1,313.92) and palm kernel $628.27 ($670.11) per tonne.
        48 words
      • Article
        NEW STRAITS TIMES PRESS (MALAYSIA)
        27 11 Group pre-tax profit of M 513.97 million ($9.64 million) for the year ended Aug 31, 1978. Turnover was $59.54 million ($51.75 million).
        27 words
    • Article
      Monfair acquires more MC shares
      101 11 MALAYAN CREDIT Ltd said Monfair Optical (Pte) Ltd has acquired an additional 185,000 shares of $1 each in Malayan Credit. With the latest purchase, Monfair now holds 6.29 million shares or 9.93 per cent of Malayan Credit's issued capital of 63.36 million shares. Monfair is
      101 words
    • Article
      Tin Production for November
      84 11 Company Output (piculs) Aokam Tin 2,385 Australia A 2,200 Ayer Hitam 3,193 Berjuntai 4,408 Gopeng 2,702 Hong Kong Tin 1,686 Idris Hyd 308 Kamunting Tin 658 Killinghall 685 Kinta Kellas 570 Kramat Tin 560 Kuala Kampar 300 Lower Perak 450 Malayan Tin 3,981 Pahang Con 2,100
      84 words
    • Article
      Sungei Bagan's profit bounces up by 21 pc
      360 11 SUNGEI BAGAN Rubber Company has announced an almost 21 per cent increase in pre-tax profit to M 5588,328 for the year ended June 30 when compared with the previous financial year. Most of the increase was due to a 38.6 per cent
      360 words
    • Article
      COMPANY BRIEFS
      262 11 NATIONAL IKON AND STEEL MILLS: Payment of interest for the half year on the 7 per cent convertible unsecured loan stock for the half-year ended Dec 31, 1978 will be made on Jan 13, 1979. The books of the loan stock will be closed on Jan 12 for
      262 words
    • Article
      Time to take a good look at the market
      1178 11  -  By PETER CHIA DESPITE THE bearish sentiment prevailing in the stock market, investors might do well to take a hard look at some counters which have sunk to reasonably attractive levels. Table One lists twenty stocks currently commanding a gross dividend
      1,178 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      41 11 This issue having been fully completed this announcement appears for the purpose of record only. MALAYSIAN FEEDMILLS LIMITED (Incorporated in ihe Republic of Singapore) Rights Issue of 2,soo,oooshares of ssi.OO each at par Fully underwritten by: International Banking Corporation (Singapore Branch)
      41 words
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  • Article
    Chartered Bank's loans for improving property
    194 12 CHARTERED Bank will introduce a property im» provement' loan scheme from Jan 1 for its savings and current accounts holders. Under the scheme, property owners who maintain a savings or current account with the bank may apply for such loans. The amount granted would
    194 words
  • Article
    Fuel rationing hits strike-torn Iran
    933 12 OIL EXPORTS STOPPED IRAN imposed fuel rationing yesterday as strikes by opponents of Shah Mohammed Reza Pahlavi crippled oil production. Oil output fell on Tuesday to the lowest level in more than 26 years, stopping all petroleum exports, a qualified industry source said. Exports were
    933 words
  • Article, Illustration
    Lock icon Seven leaders start talks at Runaway Bay
    287 12 UPI A SELECTED team of seven world leaders from rich and poor nations openstwo days of talks in a mountain-top villa in Jamaica yesterday to chart new approaches on splitting up the world's wealth. Jamaican Prime Minister Michael Manley, who arranged the meeting
    UPI  -  287 words
  • Article
    Lock icon Carter clamps down on fastener imports
    715 12 NYT Reuter PRESIDENT Carter, reversing a position taken 10 months ago, granted tariff protection on Tuesday to manufacturers of industrial fasteners. His decision could have a slight inflationary impact but could help passage of trade legislation next year. Fasteners are the generic term for
    NYT; Reuter  -  715 words
  • Article
    LONDON STOCKS
    550 12 LONDON, Wed. The market closed narrowly mixed after a quiet session, dealers said, and at 3.00 p.m. the Financial Times index was up 0.7 at «0.0. The stock exchange was sparsely attended and prices were generally untested, they added. Government bonds were marked up by about 1/8 point
    550 words
  • Article
    Aluminium quota
    67 12 THE JAPANESE Finance Ministry said it will continue a tariff quota system on primary aluminium imports in fiscal 1979, beginning next April, to protect the ailing aluminium smelting industry in Tokyo. The decision, subject to parliamentary approval, will follow recommendations submitted by the tariff council, advisers to the
    67 words
  • Article
    Four ways fuel tanks could be contaminated
    248 12 A CHEMIST, testifying at the continuing inquiry into the Spyros accident, said the fuel tanks on board the tanker could have been contaminated in any one of four ways. From the evidence available, however, it was not possible to state precisely how they
    248 words
  • Article, Illustration
    Government surplus is lower this year
    290 12  -  By SOH TIANG KENG THE GOVERNMENT has registered a sarpiu «f )»U milllea for Us fiscal ■ppratl— dariag the flrwC mime mmOm at this year. TOa Is slightly lewe* thaa the $58«.2 milllap sarpiu taring the same perM lastyW Fran Jaaaary U Stptoiher this
    290 words
  • Article
    Japan's current account surplus shrinking
    166 12 A MEETING of Cabinet economic ministers estimated that Japan's current account surplus in fiscal 1979 starting next April will be 1.40 trillion yen (about Ssl4 billion), compared with an estimated 2.70 trillion yen in the current fiscal year, the Japanese Economic Planning Agency said. In
    166 words
  • Article
    Lock icon Higher Hongkong interest rates expected
    147 12 Reuter HONGKONG'S persisting trade deficit, accelerating inflation and tightening local liquidity could call (or a further significant increase in local interest rates in January 1979, stockbroker Hoare Govett (Far East) said in its .monthly newsletter. The interest rate subcommittee of the Hongkong Exchange Banks' Association
    Reuter  -  147 words
  • Article
    Lock icon Fifth session of Unctad to be held in Manila
    415 12 AFP THE FIFTH session of the United Nations Conference on Trade and Development (Unctad) will be held in Manila from May 7 to June 1 next year with about 7,000 delegates from 156 countries participating. The conference proper, which will be
    AFP  -  415 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      159 12 m am *9 s» .<« r.: 3*»~: SK r.r. S&SS33 «> ntssWK na a .:ar; c* »c r-rttf. rtn •".s^SJSS *j- :*uar js«^3Jr |6 sars fßifrs-i us ns# MflMI fes£ msntrt crjstfr rwjats |w» w;sx SttKr. cnrttncri 3SV 808 .iii -.i.' c»t=?s; m nrR T <-■ jfe< A sequence of
      159 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        USL's new Tokyo office
        80 13 UNITED States Lines has set up a new Northeast Asia regional office in Tokyo, with Mr. Ken Tagawa as general manager and Mr. Max Peach as general sales manager. The new office, which will absorb the company's existing sales office in Tokyo, will be fully operational
        80 words
      • Article
        Fonasba president's visit
        80 13 THE RETIRING president of the Federation of National Associations of Shipbrokers and Agents (Fonasba), Mr. Oswald Dreyer-Eimbckewi, will pay a short visit to Singapore tomorrow. He will meet committee members of the Shipping Agents and Brokers Association of Singapore (Sabas). Sabas was admitted to the international federation
        80 words
      • Article
        Lock icon Tokyo loan for Paraguay
        84 13 AFP JtfAPAN will extend a 7.5 billion yen (SsB3 million) loan to Paraguay to help expand its Mercantile fleet, the Japanese Foreign Ministry yesterday. The loan will be used to obtain from Japan and r&ther countries a total of 42 ships, including an •ceangoing vessel and
        AFP  -  84 words
    • Article, Illustration
      Algerian line out in full swing
      552 13  -  REGULAR SERVICE PLANNED By RAHIM KASSIM THE COMPAGNIE Nationale Algerienne de Navigation (CNAN), the Algerian national line, has decided to move full swing into regular liner service between the Far East and North African and Mediterranean ports. It has taken delivery of two 12,000
      552 words
    • Article
      THREE NEW VESSELS TO BOOST SCANDUTCH SERVICE
      170 13 BCANDUTCH wUI be ptaciag three chartered maltipnrpsne vessels with a container rspsdti «f TU TEUs on Its Monthly service between the Far East and the MriHmnws by «M Msrrh 1171. The 2MM dwt vessels flingthta, Samhawa, and Tysla fcattt ta lVn with a
      170 words
    • Article
      Odessa Shipping expands Far East-Europe run
      382 13 I THE SOVIET Odessa Shipping line has augmented its Far East-North Europe conventional service with a three-weekly fully containerised service which started early this month. This is an extension of the line's Mediterranean/North Europe containerised service. The six 220-TEU 7,700 dwt vessels now in
      382 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      3249 17 SHIPPING LIST where your ships are due and when BCHBBBM 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
      3,249 words
    • Article
      INDEX
      562 17 Mpptec Una rif Cai Acoiu n 5 ACS OS Alea IV 3 AguiU IV 2 AJpac IV 5 A1 trans FTprf V 2 Angkutan IV 3 Anhaing IV 3 ANL I i APL m 2 Arya Nat II 5 ASCL m 5 AaU Merchant m 4 AUaa V 3
      562 words
    • Article
      Container Schedules
      945 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival Is advised by the ShlDDing Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the
      945 words
    • Article
      Who acts for whom
      904 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aeonas Line— Aconas Sdn. Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same Ahli Shipping— Sharjah Alfred C. Toepfer LineIntermodal. Algerian National Line (CNAN) —Unipacific Alpac Line—Intntea.
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    • Article
      Market in an upward trend
      686 18 FAR EAST FREIGHT FREIGHT rates are risk* 5 to 7 per cent, reflecting inwith the depreciating dollar. Scrap prices have increased from 15 to 20 per cent in the past lew weeks primarily reflecting the change in oil price. Bangladesh is now acrappli* vessels up
      686 words
    • Article
      Lock icon Kobenhavn mystery
      582 18 Reuter EXACTLY 50 years ago this Christmas, the Kobenhavn (the Copenhagen), the world's biggest —'»"g skip and the pride of the Danish Eaat Aaiatlc Company's mercantile fleet, disappeared without trace in the South Atlantic. The mystery of its dissppesrsnce remains unsolved. The veaael built In Leith, Scotland, in
      Reuter  -  582 words
    • Article, Illustration
      SHIPS IN PORT
      343 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bin tang Bindang (0300) 18 Chang Ming (8700) 46 Hoegh Orris (0800 after Dona Moataarrst) 1/2 King Petrel (after Htan Taw Ywa) 24 King Tower (0800) 22 Long Time (1898) 13/14 Lumut (1800) a East Marie Bakke (after Taiko) 38/30 Sonja (1180
      343 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      380 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pie Ltd Tel 9265' Harrisons Crosfield Kuala Lumpur Tel: 200»«i/i Pema s-MISC Penang Tel ***** IA R DIMAX I AH SA Orient Overseas CwiaiMeA Line FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) PKelant Sport HRonj Kaoshunt Osaka Tok»«
      380 words
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      Page 13 Advertisements Column 2
      181 13 UNITED ARAB SHIPPING CO (SAG) In All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. 'ARABIAN GULF WEEKLY SERVICE" essel S'pore Loading for i! RED SEA DIRECT SERVICE essel S pore Loading for S3 ■H&r*"' 01 SHrfING (R«| No. *****5/00 C) HO ***** 3RD ELOOR.
      181 words
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      Page 13 Advertisements Column 3
      354 13 1 o L NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE Y CONTAINERISED SERVICE Ke_rjjjjjn F slow Ha»re HR CONTHO* Iba )W 13 ha 0 KKMOO. Stan 10 tan 24 la. IS HOKE It tan 17 Un 31 lan N COM 23 tan 24 lan 7 FA c. mm n
      354 words
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      Page 13 Advertisements Column 4
      671 13 SINGAPORE BUSINESS p M. i *U U LINE NIPPON YUSEN KAISHA Agents: THE BORNEO COMPANY 1 TEL: SINGAPORE *****11 K.l. *****5 *****5 P. KELANG *****2 PENANG 04-***** TO UK/EUROPE FULL CONTAINERSHIP SERVICES IMq Eiprns Dim Eipms Hata* U lw kM Iwf Itttowi Uw(«n 29 0k 22 tan 11 tan II
      671 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      640 14 E RUT CONTMOSO TO EWOPE Hapag-Uoyd PJMmi Pen Mm Genoa 2/ 1 1 1 2/2 kkw 1/2 3/2 7/2 2/3 FUUT CONT AMUSED TO GOKM/TRESTE S par* P. Ratal (mm Mppoaca 5/1 S/L 28/1 HakataMv* 28/12 29/12 17/1 FUUT COffMUSED TO UU/CJMMM Fm*t P »«->( Spore HR ttwh* Long Oakland
      640 words
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      Page 14 Advertisements Column 2
      374 14 !Bss borber blue fnm OS ATLANTIC US GULf I EAST CANADA I i«prt»y M j ha a/a •k 27/ a Ma 23/24 lM» l« 23 f*3 M» Mar 26 M» Mw 30 tar %3 F3 12-14/1 31-1/2 Fa 9-11/1 23-24/1 W IMC i/jh\/ IMPRESS 7 y!' ARABIA* /X 1 A*o
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      Page 14 Advertisements Column 3
      688 14 EVERGREEN LINE EVERGREEN MARINE CORPORATION 1 SL FAR EAST/RED SU, MEDITERRANEAN 1 EXPRESS FULL COffTAMER SERVICE ALSO ACCEPTWG CARGO FOR: GENOA. LATTAWA. BEMUT ALEXANDRIA. BENGHAZI. TWPOLI (LIBYA) 'MM MULmX Itfkani fm i«tr MmmHi liki Mln 23 tm Vtm Mtm »F* Ev*H»» 211 m 2F* (f* 9f+ 13 Fife 14M 15
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      Page 14 Advertisements Column 4
      987 14 NmaciM lufrwtw—m S. A. C.I. F. "ARGENTINE NATIONAL LINE" iomme rat bmm. crktam memos mb NTMOW /MDfTW. 'SubtKt (o Maceaunt i/ltftk U/Uf* 13/14 FM CtA Tramportabon Maritima Mtxicana S. A. "MEXICAN NATIONAL LINE" F« un/nm i com* met MM RaaM> «f 10MWG FOR ENSENADK MAN/AMIO ACAPULCO. ACMJTLA. CORMTO SAN JOSE
      987 words
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      Page 14 Advertisements Column 5
      731 14 SANKYO LINE TM* 5TM...... MAYSRY DIAMOND STAR. mi prmce hi Part 29/30 Dec SYD. MEL SaM M Nrt GERALDTON. AOEL 5/ < Jan 2/ 4 tan SYD. IKL. AOEL 14/1 C Im 11/13 Jan ens. STO Id. BANGLADESH SERVICE GENERAL AGENTS CONTARCR BOOftMG LOAD AGENTS P KfUWG PI HANG 19/20
      731 words
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  • Page 15 Advertisements
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      681 15 Overseas Containers Limited SERWCt TO MK/COMIOT: iH Or «t T—■» UM UN comtabosh* sonnet hum uk/c wmm Hwrt Ston PMMg Sport Mtl hk MN Uri UM faM 21 Mc MOk IK. KS faM faM MM MM faM Iha 5 M Ml. KS I?*?* faM faM faM faM faM 7M -M.n.u.au
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      Page 15 Advertisements Column 2
      628 15 P5B. GRANARO LINE KLMBU t DEPENDABLE NON-CONFERENCE EXPRESS SERVICE NEST BOIMD-FAR EAST/WDTEUtMCAM Spare Plata* Pmi lM*|tar mDM MM rna 3 tan 5 tan 7ha Dptmiti PSaid Neuandria Berat/lattakia/ Pvttts/Tnpab/BanjMa/ M.V. MM FMG V.2IN MMmilutu/ L«asa*l/B*r«t/Littaka/ hr*MS/Tr«oh/lMott2>/ 7 Fab Opbonti/MM/f Sad/ Hem*** Bewut/laftaAia/ P*aao/T npok /Benghazi MI WSSaS ACCEPTMG CONTMO CARGO
      628 words
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      Page 15 Advertisements Column 3
      762 15 BEN LINE CONTAINERS TO/FMNBMK H BWC B HAttN ROAM mm. SOU Antwerp Ffaact M U Wl a/1 22/1 25/1 17 jvi »/i. n/{ j£ 2VI a/1 24/1 1/2 24, H M/ 1 <**> W 4/2 J/2 1/2 31, V 2 1/1 J/3 4/2 WnWL HBURC B HAVEN ROAM HAVRE SOTOM
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      Page 15 Advertisements Column 4
      514 15 ir Scan Dutch V i viw«ro ii: San 1) IMb Mm 3) Hbufl I) Gtort n/ir ivi vn ivi n/i 7/1 a/i fvi «/i a/i IT/1 W/l 4/? 1/2 t/i mi in 11/2 iv? w/l vi iv? 21/2 a/i a/i li/i a/i i/i vi v> EASTBOUND FROM MED/UK. Continent/sCANDINAVIA 11
      514 words
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      Page 15 Advertisements Column 5
      459 15 ■u GUTHRIE BOUSTEAD SHIPPI JG AGLMCIFS THE BANK LINE LTD LOADS FOR E I S AFRICA atoa. EX fi I a/a la S p*n am la Stan k| l/a toe LYKES ORIENT LINE SINGAPORE *****4 PT KELANG ***** 1 KUALA LUMPUR *****1 PENANG *****1 }*l I I.' 3.3 l J.ia-3
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  • Page 16 Advertisements
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      777 16 K LINE KAWASAKI KISEN KAISHA. LTD. OM SUEZ by CmUmt Vtnah TO EUROPE Mtm IU Feb tFA (acctpMf cargoes to Scmfcuii m Hanteg) PROM EUROPE TO FAR EAST •t Havre P Ketang S pore H Hon* Osaka Tokyo KPTUNE CO** IK S«M fTC Hm] 9 ton 14 tan 15 tan
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      Page 16 Advertisements Column 2
      795 16 V.S.A./EAST CANADA SERVICE ACCEPT* FOVia CONTAMRS FROM PEMMt, P. KQJMCk V Latrt* I* KRIYMR. NORFOU Itm Ma 13/15 Jm It/11 to E.C./CREAT LAKES SERVICE tar norfou. m nm. Montreal tononto. ashtarrla. onion, qrcri Peaa* Mm* P MM* tappn CALFORMA/PACFIC NORTH WEST SERVICE Lttrt* tar LOS ANGELES. SM FMNCSCO. SEATTLE. TACORN,
      795 words
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      Page 16 Advertisements Column 3
      429 16 il'oup SINGAPORE SHIPPING AGENCIES PIE LTD 1 /g, S/V, iI'ONI /s/ i \/is lIM jswrniiuAmum DSR LINES FatEaaj* Sport f Umi Pmm« Rten atrp tftan tost HWHUI 4/SM l/IM Ml. If* IFtbllfab xmasmma 2/3 Fab 4/sf* in* sMa 12 Mr if BUM SBMCE rpat p umi mm> Mae r*> i«i
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      Page 16 Advertisements Column 4
      605 16 /M HAI*rSJAM *¥Tt*NATIQNAL SHAPING CORPORATION BCKHAD M. CM T) I m. tain. CapM twm carjate 1) C°ta| 2) Mtat 3) t'«w 4) r«aa 5) la H P Uaq Span TOYAMA SaM SaM Sta SaM SaM 31/1? 21/12 UMGM M SaM Sta SaM SaM 4/1 5/1 NEO HOUTWN SaM SaM SaM
      605 words
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      Page 16 Advertisements Column 5
      635 16 ——M——Lfc———Ml INTRASEA (PTE) LTD Housf 34E o f c> »'rt Rcmc 9 Tplephortf 1 1--: S Line STRAITS/AUSTRALIA SERVICE SMppore P KeUng Lm*| tar GRACE ADELAOE V IM— 31a »Ok Br-stoane/Stfne, <nt) i» rami -1 ALPAC LINE SOUTH AFRICA SERVICE S port P Kelang Penang Lh«| tar M.V. OMENTAL STM
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      138 17 M.V fOURCKOr SMUG FROM SMUG FROM ETA OttWN SMGAPORE OMNMh 21st December 1978 2/3 January 1979 llth Jaiwary 1979 21st March 1979 lsl March 1979 11th March 1979 Cow* A»wts TW MALAY STATES SHRrNG COMPANY SON BERHAD 2STH FLOOR C.P.F BWOMG 79 ROMSON ROM) smoAnmi PHONE 2203X6 TELEX R*****7 MASSCO
      138 words
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      Page 17 Advertisements Column 2
      74 17 (AUSTRALIA) PTY. LTD. Mulci inn East Mnhi pab MM IJS nassunx— BMW— ST* U7(TOTDIHM f3t M Sftaf S>n PJMmi nfcc 77 Ik a/a im a/KJM -W kn Ski 14/17 FA 11/19 F* UFA UFA IVMMr 17/UMv ■Hk UN* 12/1} tpr 14/15 Apr I SVPM6 Td. Z2122M r«t PR *****1/4 n.
      74 words
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      Page 17 Advertisements Column 3
      240 17 NOTICES ANNOUNCEMENT Ocean Shipping Enterprises Pte lid Takes great pleasure in announcing the appointment of East Asia Shipping Sdn Bhd 5-A Jalan Berangan, Port Keiang, Malaysia As their dscharging/loacfing agents in Port Keiang Kuantan with immecßate effect from Ist January 1979 for SANKYO UNE Wte would H<e to take this
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