The Business Times, 11 January 1979
1979-01-11
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The Business Times
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Title Section10 1979-01-11 1 BUSINESS TIMES No. 14C/1/7S THURSDAY, JANUARY 11, im 50 CENTS10 words
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BRIEFLY...
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Article89 1979-01-11 1 SINGAPORE Airlines is raising US$5O million (Ssllo million) through a syndicated loan arranged by Morgan Grenfell Ltd, a Morgan Grenfell (Asia) Ltd. spokesman said. He declined to give further details. Last week, SIA announced it will invest Ss4 billion in the next five years on aircraft, ground89 words
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Article78 1979-01-11 1 AFP. KOTA KINABALU, Wed. The board of Sime Darby will meet in Kuala Lumpur on Friday to finalise matters pertaining to its offer to takeover the London-based Guthrie Corporation, Sime chairman Tun Tan Siew Sin said here today. He said the proposed acquisition was "purely a businessAFP. - 78 words
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Article70 1979-01-11 1 AP. TOKYO, Wed. The US dollar jumped sharply against the Japanese yen today on dollar buying for imports and reports that President Jimmy Carter may announce new anti-inflation steps this week. The dollar closed at 197.00 yen, up from 195.60 yen yesterday and 195.30 on Monday,AP. - 70 words
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Article63 1979-01-11 1 Reuter. LONDON, Wed. A train drivers' strike brought misery to millions of London commuters today, and the whole country faced the prospect of a crippling transport stoppage. Drivers campaigning for a 10 per cent£7 a week (Ss3o) bonus brought all, but a handful of services toReuter. - 63 words
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Article54 1979-01-11 1 Reuter. BANGKOK, Wed. A senior Kampuchea!) foreign ministry official today said government troops were fighting back against Vietnamese-led forces in several areas, including the outskirts of Phnom Penh. This was the first word from the government side inside Kampuchea on the fighting since the capture of PhnomReuter. - 54 words
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Article89 1979-01-11 1 Reuter. NEW YORK, Wed. The Shah of Iran's wealth is rivalled in West Asia only by the holdings of the Sauds of Saudi Arabia and the Al-sabah ruling family in Kuwait, the New York Times said today. According to bankers, the Shah's personal portfolio is worth wellReuter. - 89 words
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Article57 1979-01-11 1 NEW YORK, Wed. The stock market levelled off this morning. The Dow Jones average of 30 industrials, which reached a 2 1 /2-month high yesterday, pulled back 0.52 to 830.91 in the first half hour. But gainers took a four to three lead over losers in the early57 words
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Chief Price Changes
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Article139 1979-01-11 1 Falls Most Active Setron Straits Trading Nat Iron 170 580 620 -33 -20 -15 S Darby Consplant 627.000 149.000 O C B C 800 -10 Haw Par 136,000 C C 510 -10 Gentings 90.000 Slme Darby Dunlop Est 316 380 -10 -9 Total Turnover: 2.69m M T139 words
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Article, Illustration138 1979-01-11 1 Falls Most Active Malayan Tin 1220 -20 S Darby 615.000 N Iron 630 -15 Consplant 156.000 OCBC 810 -15 H Par 151,000 S Darby 324 -12 KL Kepone 73.000 Genting Magnum Corp Dunlop Est 324 364 378 -12 -12 -12 Total Turnover: 2.06m Total Value: M$5.36m Sel138 words
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Article751 1979-01-11 1 FONG MEW LENG - MANILA'S PLANT FOREIGN-OWNED By FONG MEW LENG THE ASEAN draft guidelines for industrial complementation are becoming increasingly irrelevant by virtue of certain decisions made by member countries. At a recent meeting of the Singapore International Chamber of Commerce, the chairman, Mr D. M. Brown, mentioned certain751 words
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Article184 1979-01-11 1 Reuter ASEAN foreign ministers will meet in Bangkok tomorrow and Saturday to examine the regional situation in light of recent events in Kampuchea, Thai Foreign Minister Upadit Pacharyangkun confirmed yesterday. Asean countries share identical views on the situation, added the Foreign Minister, who was scheduled toReuter - 184 words
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Article, Illustration709 1979-01-11 1 JOHN TAN - By JOHN TAN SINGAPORE must press on with its policy of bilingual education despite the difficulties encountered. It is the only way that cultural values useful in the future can be preserved, Prime Minister Lee Kuan Yew told students at the Joint Campus last Friday.709 words
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237 1979-01-11 1 A TWO-WEEK Itag ee*■Male aad trade bWn ar|uM by the Trade Depvtnmt to Saadi Anbl» tid Baknli will I®4VC tMMfKWi Dr Tm Bag Uaag, Seator Mlatotor af Stole far Flaaaee, will lead toe 2Smemker mltou The depaty leader af ike mtosiea to Mr Michael237 words
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348 1979-01-11 1 Quek Peck Lim - By Quek Peck Lim THE PRACTICE of large organisations buying a stake in advertising firms is spreading, at least to one statutory board. In a little-publicised move last April, the Post Office Savings Bank (POSB) bought a controlling interest in an advertising agency called348 words
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Article120 1979-01-11 1 NEPTUNE Orient Lines and a Soviet shipping line Far Eastern Shipping Company have been asked by the US Federal Maritime Commission late last month to justify their freight rates in the transPacific trade. The two lines will have to supply the FMC with the details to show120 words
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Page 1 Advertisements
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Advertisement13 1979-01-11 1 COPIES ANYTHING. FITS ON A TABLE-TOP. w k i I Ik L i13 words
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Advertisement126 1979-01-11 1 411H itll EUROPE'S KIIMG 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 America126 words
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Advertisement69 1979-01-11 1 SHIPPING TIMES BOBAL net Bhpp>rr as wage 7 sprisgbsard STRUCTURAL ipheavtl la ANRPC iavttea —emtow to Americas Deapaaar aeetfag S UIC (mm aa apfclll task II WORLD trade Ilea nay eeme to FINANCING teheme far eam> a bead C medtty traders 12 WATERSHED year far US IN Parttaawat yesterday It69 words
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Advertisement32 1979-01-11 1 .*-_|?)`\[,'']({}?|}[=;@&('&_>- Leader... Page I AKAI I I .Oi&tf, f -vvvV ol x\M CP V 4 =^V^ ?t o3^ 4 H rm t A. n r* n S!SWS Enquiries Tel: 363 711 r_T —i32 words
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TRADE AND INDUSTRY
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Article, Illustration389 1979-01-11 2 TEO TECK WENG - REGIONAL BASE SET UP By TEO TECK WENG A LARGE Australian manufacturer of building materials has set up a regional base here to expand its South-east Asian activities. Boral Ltd., a major Australian listed public company, has appointed management consultants Lee Fook Hong and389 words
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184 1979-01-11 2 SOME 1,600 employees of Hewlett Packard will receive wage increases ranging from $20 to $40 from July 1, 1978, following the signing of a collective agreement between the company and the Singapore Industrial Labour Organisation (Silo) yesterday. The 1,600 workers are bargainable employees who184 words
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Article, Illustration283 1979-01-11 2 AN AUSTRALIAN manufacturer has come up with a tapping system that can be operated manually by one person without shutting off water supplies and inconveniencing consumers. Watermain Fittings Pty, the manufacturer, expects encouraging response from Asean markets. Patents for the system, called the 'Rapid Tap' under283 words
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Article147 1979-01-11 2 MORE than 200 exhibitors will be participating in the first international medical and hospital equipment exhibition, Medic Asia 79. The exhibition, organised jointly by Interfiuna Singapore and IMAG of Munich, and sponsored by the Australian Department of Overseas Trade, will be held from March 20-24 at147 words
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Article195 1979-01-11 2 CONSULASIA will be holding another four seminars at the Singapore Hilton next month. One of these will feature Mr John Casson an author. Mr Casson is the author of "Using Words" and "Lewis and Sybil," a memoir of his famous parents, the late Dame Sybil Thorndike and195 words
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Article92 1979-01-11 2 INDONESIAN Industrial Minister Abdul Rauf Suhud said yesterday Indonesia has completed preparations for the development of the Asean urea fertilizer project in the northern tip Sumatran province of Aceh. Mr. Suhud said Asean foreign ministers were expected to initial basic agreement. subsidiary and joint venture agreements on92 words
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Article, Illustration109 1979-01-11 2 CITIBANK has appointed Mr Garret B—t—, a vicepresident, as regional senior officer for Singapore, Malaysia and Brunei. He replaces Mr E. Gbufer, who has taken up another post outside Singapore. Mr Bouton will also head the international banking group in Singapore upon the departure of Mr Brie109 words
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221 1979-01-11 2 THAI INTCSNAnONAL Airways and Slags pre Airlines are planning to Untet aew —<■ fares Mww Bangkok Bswever, prspssals have yet to be nppgavcd by Ike iwpwMw governments, said 81At Manager, Singapore, Mr. Chan Wal Nam. M apprsvad, Ike exearslea lares will be latredaeed221 words
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Article49 1979-01-11 2 AFP DIRECT foreign equity investments in the Philippines from 1970 to 1978 reached US$9BO million (Ssl.9 billion). The Philippine central bank said of the total, $743 million or 81 per cent were Investments made after Mar 15, 1973, when the government liberalised foreign investment policies. AFPAFP - 49 words
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372 1979-01-11 2 WANG LOOK KEAH - By WANG LOOK KEAH THE Singapore Tourist Promotion Board will revise the syllabus of the tourist guide course to cater for the increasing and changing needs of the industry. The board will also increase the number of courses from one to372 words
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Article180 1979-01-11 2 A GROUP of 150 members of the Indian Small-scale Chemical Manufacturers Association will arrive in Singapore this month to attend the international trade exhibition, Chemasia. This is the first chemical and process engineering and contracting show, and will be held at the Hyatt Hotel from Jan180 words
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Article419 1979-01-11 2 COURSES AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, srrc Jan 13 A 20: The Effective Secretary, SIM conference room, Mr Tan Teck Huat Jan 8-19: Personal and company taxation (module 5), SIM conference room, Mr Lee Fook Hong Jan 8-23: Industrial419 words
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Page 2 Advertisements
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Advertisement110 1979-01-11 2 >*2 J I m THE MALAYAN TRILOGY This famous trilogy wittily dissects the racial and social prejudices of post-war Malay during the chaotic upheaval of Independence. Through a succession of splendidly colourful characters, Anthony Burgess delineates the conflict and confusion arising from the almost enforced mingling of cultures. Time for110 words
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Page 2 Miscellaneous
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Miscellaneous638 1979-01-11 2 TWO-IN-ONE ll IJ CRYPTIC PUZZLE ACROSS 4 Jam that tastes vinegary! (6) 7 Largely revolutionary fairground feature (3, 5) 8 Are odd, perhaps, in being worshipped (6) 10 Sloppy fellows who've swallowed a high-ball? (5) 13 Arrest by post? (4) 14 How a pupil will cry (4) 15 A sympathetic638 words
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REGIONAL
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507 1979-01-11 3 THE Association of Natural Rubber Producing Countries has invited other NR producing countries which are not members of the association to its next meeting which will be held at Denpasar in Bali next month. By obtaining the participation of these other NR producing countries (notably507 words
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Article467 1979-01-11 3 DISHONEST and incapable leadership coupled with the tendency of managements to discourage workers from joining or forming unions are two of the factors hindering the growth of the Malaysian trade union movement. Anti-union sentiments also arise because workers find unions ineffective. These are among the findings of467 words
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Article200 1979-01-11 3 AFP A YUGOSLAV trade exhibition, the second of its kind to be held in Malaysia, opens in Kuala Lumpur today. Eighty six Yugoslav trading firms, including leading manufacturers, are taking part in the 10-day exhibition. The exhibition aims to correct the trade imbalance between the twoAFP - 200 words
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399 1979-01-11 3 AP TAIWAN registered a trade surplus of US|l.6B billion (553.64 billion) in 1978, up from $849.8 million the previous year. A spokesman of the Directorate General of Budget, Accounting and Statistics reported that exports were worth $12.7 billion, up $3.34 billion or 35.7AP - 399 words
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Article110 1979-01-11 3 TAIWAN'S Export-Import Bank, with a registered capital of US$2.5 billion (555.5 billion) will start operating in Taipei today, the Central News Agency reported. The bank will then accept applications for export financing and provide guarantees on machinery equipment, capital goods and services. It will also110 words
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Article69 1979-01-11 3 AUSTRALIA had a Ass million (Ssl2 million) seasonally adjusted visible trade deficit in December against a $7 million surplus (revised from $18 million) in November. The Statistics Bureau said this contrasted with a $200 million surplus a year earlier. Adjusted exports totalled $1.14 billion, virtually unchanged from69 words
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Article589 1979-01-11 3 TAIWAN faces 1979 confident of an economic boom despite the trauma of Washington switching diplomatic recognition to the Nationalists' enemies in Peking. Officials, predicting an 8.5 per cent growth rate that would be the envy of many developed nations, boast that as long as Taiwan589 words
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Article158 1979-01-11 3 UPI. THE CHASE Baak agreed to extead a US$ll mUltoa (S$3S.2 mil. Itoa) laaa to Talwaa's Yae Laaag Meter Ca. to flaaaee expaaslaa pre jects, baak mmrnm la Taipei aaM yesterday. Aa agree meat waa riped by Mr Themas la Maaiea, toe baak's vice prasMeat aad eeaatryUPI. - 158 words
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776 1979-01-11 3 BRITAIN believes the timo has come to put UK-Malay-sian and EEC-Asean relations on a stronger basis, according to Mr John Smith, the British Secretary of State for Trade. South-east Asia, he said, represents one of the fastest growing economic areas of the world. He776 words
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Article99 1979-01-11 3 JmE Licensing Authority •f Malaysia ku, tram Ju 1, begu collecting «m sa crnde palm *U to finance Its sperattons. The cess b fixed at $1 a tonne sf crude prndnced. lie enlleetton is made nnder sectton it sf the Szz tffzr <*£ at There will he99 words
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Page 3 Advertisements
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Advertisement217 1979-01-11 3 VSOP >- /-9? £k i W ci V. r £g lb 1 > <« y»T- s Vl' >>• E3&H A new year imMw which tgfk- T* <v 2l» *s£grag».. <3L*ttg3k s jyh^^Lar^S.• 4 < .^HfL' ■>»' J, ;<* :ki#& -V S**g»^Klfe r 1 s^mmd 3 St. jU j, 4 T>-217 words
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RAW MATERIALS
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Article, Illustration883 1979-01-11 4 SAGGING COCONUT OUTPUT Depthnews Special. MALAYSIAN planters with smallholdings have big problems and the smaller their crop's importance, the greater their difficulties. This is particularly true for poor coconut smallholders whose crop is not of central importance to the Malaysian economy. Rubber smallholders, of whom thereDepthnews Special. - 883 words
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Article295 1979-01-11 4 THE Singapore rubber market yesterday closed quiet with February One RSS buyers quoted at 235.50 cents per kilo, up ooe cent on Tuesday's close, dealers said. The market closed the morning higher with February One RSS buyers quoted at 236.00 cents per kilo, up 1.50 cents from Tuesday night's295 words
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Article377 1979-01-11 4 Prices In cenU per kilo yesterday. K Close (per kilo) Buyers Sellers ***** 236.OON 235.50 235 75 236.50 237.00 232.75 233.75N ***** 232.75N 229.75 230.75N 228.75 229.75N 226.75 227.75N 225.75 226.75N 221 75 222.75N 220.75 221.75N (per kilo) Buyers Sellers Int. 1 R S.S prompt f.o.b. 235.50 236377 words
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Article119 1979-01-11 4 NOON SSR and SMR pr» IAI SSR .11 il ii* pallMI SSR SO ll-tunpalkll m yntndar V <C. ***** 230 00 •bfun rreal Mik) ere Sellers 235 00N *****N March (Forward Mtk) Bayers Seller* ***** *****N ***** 233.00N MRELB SMR CV SMR L SMR CP SMR 5119 words
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Article157 1979-01-11 4 SUGAR FUTURES trading in Hongkong yesterday remained sluggisn throughout the session with turnover unchanged at two lots, dealers said. March closed at US 8.19/ 59 cents against Tuesday's 8.42/84 close. May at 8.44/81 against 8.66/9.06 and the distant January at 9.30/60 against 9.45/65. Sugar future* closing prices: Cteatag157 words
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Article189 1979-01-11 4 YARN and cotton in Hongkong with priccs in HK dollars, spot ex-go-down: Ca4tsa yan: China Blue Phoenix 20s 2,300. 32s 2,870; 40s 3,000 (per bale of 400 lbs). PV** gaa*»: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying Geese uoq189 words
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Article909 1979-01-11 4 COPPER: Wirebars finished the morning up £4.5 for and £6 for three months yesterday. The metal found renewed buying support and three months traded up to £817 with pricing sales well absorbed. The position reached £818 in the ring to set a new 18month high, although dealings were909 words
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Article75 1979-01-11 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated LONDON: Tues Previous Malaysian 516 ffa bulk per tonne February unch SlSalr March 620s I r SlSalr Sumatra 596 ffa bulk Afloat unch *****pd January 837.pd 835pd February 832 '<pd 827.50pd March 827'>pd 622 50pd April75 words
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984 1979-01-11 4 FT 1978 WAS A year of startling contrasts for the world of commodities and 1979 promises the same. Platinium, tin, gold and diamonds hit new peaks on the one hand, while sugar, copper, zinc and wool scarcely more than marked time. Another group, includingFT - 984 words
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Article29 1979-01-11 4 Rubber: Jan 10 Singapore: February: 235.50 cents (up 1.00 cent) Malaysia: February: 240.25 (up 2.00 cents) Tin: $1,833 (down $7) Official offering: 259 tonnes (down 12 tonnes)29 words
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Article277 1979-01-11 4 SINGAPORE: Yesterday's closing prices in St per kilo exgodown: THAI WHITE 100 pet first class (kangaroo): New crop 0 98 100 pet second class 0.0 100 pet third class 0 87 25 pet new crop no stock 810 pet 0.79 THAI BROKEN A-super 0.62 Special 0.56 Thai rice 55277 words
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Article100 1979-01-11 4 THE Straits tin price in Penang yesterday dropped Ms 7 per picul to $1,833, $133 above the International Tin Agreement ceiling, dealers said. The continued high supplies of tin metal from miners and lack of support from the London Metal Exchange on Tuesday, has weakened values slightly. Dealers100 words
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Article246 1979-01-11 4 THE Singapore produce market went through a day of relatively quiet trading conditions yesterday. No major stock movements were noted. Copra and coconut oil prices moved slightly higher in line with the upward trend of the past week. Dealers said that sentiment had improved but trading still held246 words
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Article113 1979-01-11 4 WHEAT futures in Chicago were mostly fractionally lower at midsession with only the nearby up »/i cent a bushel on Tuesday. Despite small commission house buying early, prices were kept on the defensive when an exporter sold the Chicago May against the May contract in Kansas City. Although increased113 words
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Article155 1979-01-11 4 SOYBEAN futures in Chicago closed Tuesday 1-1/4 cents off a bushel to unchanged, with the spot month leading the declines. Talk of a possible drought in Brazil attracted early support, but lack of followthrough eased prices with late hedge selling exerting further pressure in the market. Local liquidation also155 words
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Page 4 Advertisements
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Advertisement140 1979-01-11 4 The Love of ooking rsw. i. > i\ r-i-f 4 Kenneth Lo Kanrwth Lo, tha wall-known Chin— cooktry writer, introducoa th* rMdtr to lha tachnlquaa of Chlnaaa cooking, and givaa an matght Into thoir unlqua way of aatlng. Beginning wWi almpla onodtah main couraaa, ha prograaaaa through popular •oupa to140 words
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OVERSEAS
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284 1979-01-11 5 AP THE European Monetary System deadlock between France and Germany would be settled within two weeks, West German Chancellor Helmut Schmidt predicted on Tuesday. He said he had raised the subject with French President Valery Giscard d'Estaing in Guadeloupe over the weekend andAP - 284 words
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590 1979-01-11 5 Reuter, UPI. THE LOSS of oil from Iran has wiped out the so-called "oil glut" of a few months ago, Energy Secretary James Schlesinger said in New York. Mr Schlesinger, in a prepared speech to oil security analysts on Tuesday, said: "The consequence ofReuter,; UPI. - 590 words
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139 1979-01-11 5 IT WILL take the 30 poorest countries "several decades" to bring their foreign trade up to the levels of other developing nations, tbe United Nations Conference on Trade and Development (Unctad) said. An Unctad report said the annual per capita value of the exports of139 words
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Article736 1979-01-11 5 ARRIVALS Service Local Operator Number Time From MAS MH60I 0700 KUL MAS MH682 0725 KCH SIA SQ10I 0815 KUL MAS MH621 0640 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1030 BWN GIA GA90O 1030 HLP MAS MH605 1045 KUL736 words
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Article, Illustration172 1979-01-11 5 FOR DECADES, re bets (tram the Cseeh wwd rebeta, "drudgery") have bee* a pari ef tke laveatory ef eenntleas scieaee Octfea Mvels. New they are aetaally a part ef ear lives. At preeeat there are abeat 521 sack programmable haadHag —MM la eee la factories172 words
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401 1979-01-11 5 AP THE US Central Intelligence Agency (CIA) says in its annual report for 1977 that the American economy is growing at a faster rate than the Soviet Union's, though the Russians have pulled ahead in some important areas. The 1977 statistics show the SovietAP - 401 words
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WORLD IN BRIEF
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Article537 1979-01-11 5 MEXICO will export more than 200,000 barrels of crude petroleum a day to Japan beginning in 1900, Mexican ambassador to Japan Janier Olea Munoz said on Tuesday. The diplomat said Mexican oil would not start (lowing to the Japan until 1900 because of existing Japanese arrangements537 words
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158 1979-01-11 5 AP THE SWISS government, reacting to protests over "the sellout of the henseInnd", plans to tighten to foreigners. Bneh sales Involved francs (Sfl.St Mitten) worth sf pi spin Ij Inst year despite the frane*s shnrp appreciation against nil other Western currencies.AP - 158 words
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1010 1979-01-11 5 NYT, AP. CHINA has approached Japanese experts for advice in planning its ambitious 10year programme for modernising the economy, a Japanese economist has disclosed. Dr Saburo Okita, an architect of Japan's postwar industrial boom and chairman of the independent Japan Economic Research Centre, said heNYT,; AP. - 1,010 words
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Article248 1979-01-11 5 AP, AFP. THE SUPERSONIC Concorde airliner received its certificate of airworthiness from the US Federal Aviation Administration on Tuesday. Certificates were delivered to the British and French makers of the supersonic at separate ceremonies in London and Paris. The aviation administration's action make it permissible for US airlinesAP,; AFP. - 248 words
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Article, Illustration334 1979-01-11 5 Then look (or it in Business Times classified property advertisements an easy to read guide to the available properties at the top end of the market. Home-hunters are especially catered (or in the new LEISURE TIMES supplement that comes with Business Times every Saturday morning. If334 words
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385 1979-01-11 6 ASEAN as a regional grouping thrives or declines according to the effort put into it by businessmen and governments. With the possible relaxation of the industrial complementation guidelines, the private sector will now have the chance to put in more effort to make385 words
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308 1979-01-11 6 NEPTUNE Orient Lines is in a most unenviable position, caught in the direct blast of American idealism. Because the Russians have been the constant scapegoats in the witch-hunt for tariffcutters, they in turn put the heat on NOL, accusing it of under-cutting as308 words
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Article, Illustration942 1979-01-11 6 LORNE BARLING - The industrialised countries are pushing their exports harder than ever before and the poorer nations are getting increasingly restive about access to European markets for their own manufactured goods. This year could see a crisis in world trade relations. LORNE BARLING reports. LORNE BARLINGFT. - 942 words
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Page 6 Advertisements
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Advertisement229 1979-01-11 6 APOLLO HOTEL Havelock Road, Singaore 3 Tel: *****1 AMBASSADOR HOTEL ***** Meyer Road, Singapore 15 Tel: *****11 CENTURY PARK SHERATON Nassim Hill, Singapore 10 Tel: *****7 CHEQUERS HOTEL Tel 1 R ad U COCKPIT HOTH. Rise Singapore 9 Tel: *****1 GREAT EASTERN HOTEL TeL^Sr 800 R ad SiD apore 13229 words
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Page 6 Miscellaneous
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Miscellaneous40 1979-01-11 6 DTIStcW :PVaj^kDictens BRvsrcxa —log. YoJfc MCLP PIT -we. sfb<2TS pusid CLUB miosoonmeß. 6eR SPc^T IT'LL BG-GCePiT KJH oje'Ve r Teps DRIKK.IHG > 2, Ne Ne£ 0 YOU foRTnE. •4 TUG Jftß? oocssiN& THfiou A BPVLL per Ita: h^.s^S< s2S B|JS;WWHeR CFKBcgn^TiTioN.40 words
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Miscellaneous904 1979-01-11 6 Funny comedies please BTS FEATURES few more n*e*ts Jewish m—tut -ftu, to tuny. Mgkt, to tin early pnmuM That's mech am thsa yneu«y (Hnm Sweet Heme at l.Mf Mi for IMi herself, who lacks the Owtfaes «C EUarr ef Esrepe at warmth ef Mary fyler Meore sad the tiff) aai904 words
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Article, Illustration1135 1979-01-11 7 GRAHAM NEWMAN - By GRAHAM NEWMAN Reuter. US President Carter's wage guidelines face a major, and perhaps crucial, test this year as nearly four million American workers who belong to trade unions try to negotiate new contracts with employers. Publicly, the administration is hopingReuter. - 1,135 words
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Article311 1979-01-11 7 AN ENTERPRISING imaginative/weird (pick your own preference) Japanese businessman was in Singapore recently looking (or two million square feet of land. Yes, you read right. Two million square feet. He is toying around with the idea of building the world's tallest building here oh, just about311 words
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949 1979-01-11 7 MARVINE HOWE - By MARVINE HOWE NYT LONG KNOWN as the wild men Ot Arab politics, the Iraqis now speak the language of moderation The metamorphosis did not come overnight and is by ro means total. Iraq still affects a progressive posture in ArabNYT - 949 words
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890 1979-01-11 7 Lee Cohn - (forms with Lee Cohn IF A recession hits the US economy this year or next, President Carter will be a pioneer. His is the first democratic administration since Harry Truman's to (ace a serious threat of an economic downturn. No wonder there are doubts890 words
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Page 7 Advertisements
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Advertisement367 1979-01-11 7 ccLite up your life at Vanda Live it up at the newly renovated Vanda Bar. Styled for comfort gpfogCL and good cheers Sing along with our resident duet George David to your favourite request Happy Hours from spm-Bpm 30'* discount Singapore Oochid Inn -J i )>ijnt' irn K u,: 1367 words
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INTERNATIONAL STOCKS
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545 1979-01-11 8 TOKYO Source: DBS-Daiwa Securities THE MARKET continued bullish yesterday with attention mainly on blue chips. The Nikkei Dow-Jones average exceeded its Dec 13 all-time high of Y6.097.26, topping the Y6.100- level. Large capital stocks gener- ally closed lower, since investors switched to blue chipsSource: DBS-Daiwa Securities - 545 words
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Article391 1979-01-11 8 THE MARKET firmed yesterday on increased turnover with Peko, CRA and Ash tor Mining leading the advance, dealers said. Peko rose 12 cents to $9.84 following the signing of the Ranger uranium agreement, while CRA and Ashton Mining firmed 2 cents each on Tuesday's reports that CRA had made391 words
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Article328 1979-01-11 8 THE STOCK market closed mixed yesterday in slow trading dealers said. The losers included First Trust, dropping 18 baht to 520, Raja Finance 20 to 1,580, South Asia Fibre 10 to 316, Bangkok Bank 8 to 386, Asia Credit and Siam Credit 4 each to 458 and 206 respectively.328 words
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Article153 1979-01-11 8 THE MARKET closed mixed yesterday with commercials posting gains while mining and oil declined, dealers said. Turnover (ell to 24.7 million pesos from Tuesday's 27.0 million. Gainers were Benguet Coo B, Marinduque B, Philex B, and PLOT while losers were Acoje Mining, Atlas Con B, Baguio Gold, Basic Petroleum,153 words
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Article390 1979-01-11 8 Source: SHK Sec Ltd A LIVELIER performance by the market yesterday saw prices tacking on a few spreads as speculative interest built up around Wbeelock Harden and property shares found favour after Tuesday's land auctions. Blue chips were steady on the whole. China Light added 60 cents to S3OJOSource: SHK Sec Ltd - 390 words
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Article62 1979-01-11 8 FINANCIAL TIMES INDUSTRIALS Tuesday 4812 Monday 484.4 Week Ago 473.0 DOW JONES AVERAGE INDUSTRIALS Tuesday 831.43 Monday 838.14 Week ago 811.42 LONDON DOLLAR PREMIUM Tuesday 82 V, to 83 Monday 83H to 84'* H.K.HANG 8ENG Wednesday 515-28 Tuesday 907.75 Week ago 496.49 SYDNEY INDUSTRIALS Wednesday 467.09 Tuesday 465.0662 words
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Article40 1979-01-11 8 KAWASAKI Heavy Industries of Japan said it will sign a contract next month to sell the South-eastern Pennsylvania Transport Authority 141 tram cars worth about US$5B million. The trams will be delivered between 1981 and 1983,40 words
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European markets
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Article142 1979-01-11 8 1 1 I s a a a 8 s rrmnc. ArUona TuMaai M Aluaulaaa Br. TSb ifB-EES* sS«sH=s CrMM ""in RM J? Klcktrowiu Br S, 3K5J? a ""'-S Hwo Br _I SL Hoffman La Roche 1/14 M HoMwtant Br JS" nierfood Br wg lei molt Br tTJ; Motor-Col umbu*142 words
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Article183 1979-01-11 8 JAN 00 ru ABN 307.00 unch Ahold 117 70 unci) Akao 0J AMEV n.«o i Amlu 110J0 •1 Am rot Bank TilO 0.2 EF5190 (U0 unch ♦06 BoU 71 JO ♦0J Borsumlj ***** Burhmann 71 JO tut -Oil Byenkorf unch Cain* Delft ***** 1J Dell Mtj 130-00 -1J Ennla183 words
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Article263 1979-01-11 8 JAN 0> Frm CORBEILLE Air-Liquid* B S N Oeromli Dtnone C 8 F (Thomson Cle rrucalK 6m PetroiM Comptfnie Financier* Compakfnte OtoenJc Credit Fonder D* Franc* HtcbeUe (iibralrle) Machines Bull Mlehelln (B>... Pultu 3MJ0 Ml m 141 «a «i 247 BO S3J0 1161 111-SO ♦u -J -u *0.6 unch263 words
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Article199 1979-01-11 8 JAN W Dm ♦A Aef-Teletunken mat unch Akao Mi 04 All* Leben no 30 All* Vera 4*7.3 BASF 13U0 unch Bay H T Wbank 304 .1 Bay Vbank llki lJtSO VMS 1.3 Bayer BBC ♦Itft _2_2 BMW moo OJ CaaaeUa m5 •IS Chem Verw Commerebtnk ra -17 Conll Oumml199 words
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Article83 1979-01-11 8 FORWARD MARKET Artwd mo IS A«ttit n Braacan «ao *i Bra-Lamb Canpac Cock P» Beers Et»i xlectrobel Ob-Inno-Btn On Hobok Petro Ryl Dutch Sttlro Soc Oen BpL« Softna Solvmy A Tanks U Win V Mont IMS «a 196 MB mo ajs MM MM 9MB 1(30 m am MIO MO83 words
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Article86 1979-01-11 8 JAN Un Anic 32-25 -1.79 Aaaoc On ***** -390 Centra* 900 *330 urvch -130 rtat rm -35 Flnsldet 145 1.25 Oen Immob na -OA in Prt am -14 Ilalceroenli ***** •ISO no IUlsider 167 n Mi(WU M Pt SB -4 Mmrrlll Ere 238 0-5 Med lob 33*700 90 MlraUnxa86 words
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Article72 1979-01-11 8 Reuter CENTRAL Selling Organisation (CSO) gem and industrial diamond sales totalled a record 2.22 billion rand in 1978 compared with 1.8 billion the previous year. De Beers Consolidated Mines Ltd. said the results include sales of 1.16 billion for the second half of the year. TheReuter - 72 words
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Article898 1979-01-11 8 JAM at ua» ACT Industries Addressograph Alrco Inc Alcan Allison Allegheny Lud Allied CUM Cp Allied Stores AU Is-Chalmers Alum hoc Amer Am Airlines An Brands toe Am Broadcast Am Can Co Am CyanamM Am Sec Pwr Am Express Am Home Prod Am Motors Cp Am Natural Oas898 words
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284 1979-01-11 8 AFP ABOUT 2,000 workers at the Volkswagen plant near New Stanton, Pennsylvania, walked off their jobs on Tuesday to protest alleged unsafe working conditions. The company branded the strike irresponsible, but said it expected workers to return on the second shift. The West German carmakerAFP - 284 words
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Article245 1979-01-11 8 Reuter FORD-EUROPE has definitely abandoned plans to expand its motor factories in Spain. Leading officials of FordSpain said at Almusafes, near Valencia, Spain, said the firm was considering either building a factory in Austria or investing more in its plant at Saarlouis, West Germany.Reuter - 245 words
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Article308 1979-01-11 8 JAN 00 Rand INDUSTRIALS A Alpha Abercom AE And CI AMIC Barlows arCurrte Finance Dc Been Ind Edcon Edgar* 13ft 230 335 1390 409 sac 100 ***** 300 ♦5 unch unch >3 10 10 unch unch Eve ready Fed Volk Fuvlt Otrdtaii Qlenanl Gratetnn H»PPO Htveld Huletta Liberty Lonrho308 words
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Article218 1979-01-11 8 JAN 0> C* Abitlhl 11. «IS s Algoma 27S s Bank Mont at .It Bank Nova Scotia Bell Tel -ZI 82 h -IS Beth Corp BP Can Ltd ZZ as Braacan >»s s Camp Red Lake 36^ -S Can Imp Bk 2SV, s Canpac 2B>. -S Canpac In* M218 words
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673 1979-01-11 8 NYT. IN ONE of the biggest takeover attempts on record, American Express, best known fsr its travellers cheques and credit cards, offered on Tuesday to pay US$B3O million in cash for McGraw-Hill, one of the United States' largest publishers.. McGraw-Hill promptly indicated itNYT. - 673 words
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474 1979-01-11 8 FT. WEST .GERMANY'S two largest department store groups Karstadt and Kaufhof report relatively disappointing 1978 performances. While there was a substantial rise in retail spending lor the stares, it was channelled into relatively narrow sectors, such as the motor industry. Karstadt. still heavily involvedFT. - 474 words
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Page 8 Advertisements
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Advertisement140 1979-01-11 8 i.l /tacy. •S» 33EX3 tiBS -c- r.r r. m a»**» aSOTi -v.-- at*. j*. 3***s --c«r 5 aft l UJ2!6Sf ancsß BBS A sequence of twenty episodes in the life of Ayer Hitam in Malaysia, seen through the eyes of the resident American Consul. The whole spectrum of life in140 words
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BANKING AND FINANCE
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1095 1979-01-11 9 GENTLEMEN'S PACT BROKEN NYT. A MAJOR structural upheaval is under way in the US banking industry with the forces Tor change coming from both outside and inside. The banking landscape is being transformed by the growing presence here of foreign banks. The foreignNYT. - 1,095 words
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368 1979-01-11 9 Reuter. EUROCLEAR Clearance System has decided to accept all outstanding Samurai bonds for deposit and clearance in its system. Samurai bonds are yendenominated instruments issued in the domestic Japanese market by nonresidents of Japan. Euroclear said in a statement that 68 such issuesReuter. - 368 words
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207 1979-01-11 9 Reuter BRITISH money supply on a sterling M 3 basis will probably show an adjusted increase in the four weeks to Dec. 13, 1978 of the same order as the 0.8 per cent rise in the banking system's eligible liabilities over that period.Reuter - 207 words
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Article101 1979-01-11 9 Reuter. TURNOVER of Cedel, the Luxembourg-based Eurobond clearing system, rose to a preliminary U5539.74 billion equivalent last year from *38.55 billion in 1977 while the number of participants increased to 939 from 847 in 1977, Cedel general manager, Mr Gerard Soisson said in Luxembourg. He said tariff discounts,Reuter. - 101 words
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Article235 1979-01-11 9 SOH TIANG KENG - By SOH TIANG KENG SINGAPORE'S foreign exchange reserves shot up to $10.59 billion last September, a 19.7 per cent rise over that erf the previous September. The nation's reserves are kept by the Monetary Authority of Singapore and the Currency Board. Its foreign assets have soared in the235 words
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305 1979-01-11 9 Reuter AMERICAN Federal Reserve Board chairman William Miller said 1979 will be a year of austerity and that he knows of no reason not to continue restraint and austerity in monetary policy. In a speech at a business luncheon in Washington sponsored by theReuter - 305 words
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MONEY AND EXCHANGE$
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Article416 1979-01-11 9 THE US dollar rallied for a while in thin trading conditions on the foreign exchange market yesterday but weakened after London opened. Opening at 196.45/55 against the yen, the dollar closed at a high of 197.00/10. London, however, saw the dollar easing to 196.80/00 in thin trading. Against416 words
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Article148 1979-01-11 9 THE US DOLLAR for overnight delivery closed firmer at 197.00 yen yesterday, compared with a 196.81, opening and 196.60 yen af Tuesday's close, dealers said. After opening firmer in line with overnight trends following news President Carter will make an announcement this week on the economy and inflation, the148 words
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Article175 1979-01-11 9 Asian rates ASIAN currency deposl interbank rates as at clos on Jan 10 U8 MhrKM Offer Bid 7 days 10>. 10>. 1 month 103/16 101/16 2 months 10 1V*****1/16 3 months 11H im 6 months 12>* 12 9 months 121/16 1115/16 12 months 121/16 115/16 SvJn Dai. (MUiL IS{■■■> 1175 words
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Article51 1979-01-11 9 Range of prices offered by diKoul houses os Jan 10; Overai«kt 3 to 4' Call deposits 4'. to 4'.* Claafag BajriM Sellia, 3 month Treasury bills V< 4't 3 month Bank bills 7' > 7H 3 month CD 711/16 7 0/16 6 month CD 7»« 7S Source: National Discount51 words
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Article21 1979-01-11 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.75 per cent.21 words
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Article283 1979-01-11 9 THE DOLLAR in London yesterday continued firm but slightly easier against closing Hongkong levels in moderate opening trading, dealers said. The dollar eased on profittaking after firming in late European trade on Tuesday and continuing its strong trend in the US and the Par East, they said. News President283 words
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Article43 1979-01-11 9 THE MONETARY Authority of Singapore Has invited banks and discount houses to tender for a total of $20 million 91-day Treasury bills to be issued from Jan 15 to Jan 19. Each tender must not be for less than $250,000.43 words
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Article167 1979-01-11 9 GOLD FUTURES IN Singapore yesterday closed sharply lower in quiet and thin trading, dealers said. Turnover of 47 lots was unchanged. Feburary closed at $222.70/90 an ounce against $226.90/227.20 on Tuesday, April at $227.00/30 ($221.*)/ 232.00) and August at $236.00/237.00 (240.90/241.50). Meanwhile, Slagmas reported that the Idtobar yesterday opened167 words
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Article39 1979-01-11 9 HONGKONG banknotes yesterday: US 4.0 M.71 UK 9 40-960 Burma 1.20-1.50 India 4 70-4.90 Indonesia 07M.80 Japan 2.40-2.41 Korea 0 75-0 85 Philippines 0.57-0.50 Singapore 2 16-2.18 Malaysia 212-2.14 Brunei 213-215 Thailand 23.10-23 40 Taiwan 11 20-11 6039 words
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Article30 1979-01-11 9 FRANKFURT exchanges opening quotes yesterday: US 1.8525/40 Can 1.5590/1.5610 Stg 3.722/732 Dfl 92.50/62 Sfr 111.00/30 Lit 2.211/221 Ffr 43.55/67 Nkr 36.65/75 Bfr con 6.331/341 Bfr fin 6228/6268 Yen 0.9410/3030 words
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Article50 1979-01-11 9 AUSTRALIA/NZ exchanges quotes yesterday: US dollar 1.1444 1.1396 Sterling 0.5719 0.5654 Ninety-day air mail buying rates: Sterling 0.5048 US doUara 1.1866 Ninety-day forward buying rates: Sterling 0.57W US dollar* 1.1307 New Zealand: Sterling 0.5273 0.5245 US dollar 1.0888 1 0568 Ninety-day airmail buying rates: Sterling ***** US dollar 1.105150 words
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226 1979-01-11 9 Reuter THE JAPANESE government, believing that the US dollar will stabilise soon, plans to relax restrictions on the flow of short-term capital into the country. Bank and Finance Ministry sources said the government also plans to give foreign nationals permission to buyReuter - 226 words
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Article53 1979-01-11 9 Reuter. LONDON clearing banks' sterling lending to the UK private sector fell by £101 million in the four weeks ended Dec 13. However, the fall was less than the seasonal expectation and the underlying increase was probably similar to the £170 million rise in lendingReuter. - 53 words
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Article, Illustration366 1979-01-11 9 Reuter. THE Japanese Federation of Economic Organisations (Keidanren) pre- sident, Toshiwo Doko, said he does not expect any major movement either way in the yendollar exchange rate for the time being. He told a press conference he feels the yen is slightly overvalued against the dollarReuter. - 366 words
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Article457 1979-01-11 9 Reuter. THE US Treasury Department will roll over its maturities at next Monday's regular weekly bill sale when it will sell USJS.7 billion (5H2.54 billion) of bills to replace the same amount of maturing issues. The offering will comprise $2.8 billion of three-month bills andReuter. - 457 words
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Page 9 Advertisements
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Advertisement338 1979-01-11 9 The LIFE Library Of Photography helps you to see 9reat p. icture possibilities -all around you.. IN i The Life Library Of Photography Each volume measures 10 U x 10'/< inches (26x26 cm). Hard cover, silver stamped black-cloth binding. 240 pages Approximately 300 illustrations, many in lull colour. The following338 words
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DEALS DONE ON THE SES AND KLSE
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Article1128 1979-01-11 10 BID and offer prices officially lAted and business In and (ported to the Stock Exchange o£ Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. .All Time .Settlement Contracts aar quoted after the word "sett". •Big Board deal1,128 words
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Article119 1979-01-11 10 4 1/1* 1/8/80 (350,000) (»JSB MJBB) 4 3/4% 1 ft/8/80 (250,000) (90.568 00.056) 5* 1 ft/4/81 (*****0) (00.708 98 JOB) ft* T F 1/ft/83 (250,000) (100.108 100.258) 5 3/4* T F IS/6/81-84 (250.000) (102.305) 7* lft/4/86 (250.000) (100.7&B 100.006) I 7* 1/8/86 (250,000) (*****8 100 JOB) 7 1/4*119 words
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Article242 1979-01-11 10 Striking prices at the options officially listed on the Stock Exchange of Singapore, the period, bids and offend prices and business done yesterday with the number of options traded shown in brackets PAN (March $4JO) (0.80B) Hum F E (March $145) (0.408 0.485). Sine Darby (March *2.55) (0.728242 words
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Article142 1979-01-11 10 smoAPou UNTT nun |Mm|»r prtwi hrteU) The Commerce 2.13 2.X The Saving Fund 1.34 1.42 S pore Pro* Fund 0* 1.00 S pore Sec. Fund 1.74 LM S pore Invest Fund 124 141 ASA UNIT TRUST (■MMfM* priM hrJtall) Mai Invest Fund 121 2.33 Mai Prog Fund 1.13142 words
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Article2577 1979-01-11 10 Gr'» Gr'» Net 1978/79 Last Div Div yna P/B Vol Dav H>Ck Low Company Sale or- CVr COOO) High Low SECTION ONE INDUSTRIALS 272 132 Acma 210 12.0N 15 5.7 22.8 238 123* Alcom 234 10.0 25 4 2 175 178 107 Allied Choc 115 95 2102,577 words
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Article1686 1979-01-11 10 BID and offer prices officially lilted and buslne** In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS Ajmamata <2 708 2WB|. Alaam (1 90B) (It 1.91 (31 11,686 words
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Article, Illustration500 1979-01-11 10 SHARE PRICES drifted dawn wards la weak tradlag ea the Stack Exchange af Stogipsre yesterday. "lit was rhsrsctia toed by the withdrawal sf bayers aa each saeecaive 4mL It was typical af a market that breathed caattaa all raaad. Bat setters were500 words
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475 1979-01-11 10 PRICES WERE easier on all fronts at the Kuala Lumpur stock market yesterday. Interest to deal was generally slack as most operators preferred to remain on the sidelines. Even the favourable news of Sime Darby's intended takeover of Guthrie Corporation failed to galvanise the market.475 words
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Article199 1979-01-11 10 Bvvts SEA: EOGM to be held at the Negara Room of the Kuala Lumpur Hilton, Jalan Ismail at 12 noon on Jan 15. !?■>■■■ HydraaBe Tla BIM EOGM to be held at 25, Beach Street, Penang, at 12 noon on Jan 18. Berjaya Kawat BM: EOGM to be199 words
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COMPANY NEWS
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Article, Illustration946 1979-01-11 11 ARTHUR NG - By ARTHUR NG IT MAY well be an uphill struggle for property-cum-detergent group United Industrial Corporation as it tries to move out of the slippery ground it had fallen on last year. With the prospect of only mediocre performance from the group's current four946 words
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Article, Illustration801 1979-01-11 11 NOORJAHAN KARIM - By NOORJAHAN KARIM SIME Darby Holdings has made yet another acquisition. On Tuesday it announced it has acquired the services of Encik Malek Ali Merican from Aseambankers Malaysia Berhad where he is currently managing director. Encik Malek joins the group as director of801 words
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Article420 1979-01-11 11 Current Ez Books Date Total for Total for Payment Date Close Payable the year Previous year PMC 5% I Dec 12 Dec 22 Jan 10 5% 15% K Kampar 30% I Dec 15 Dec 28 Jan 11 30% 53.3% Kramat 20% I Dec 18 Dec 29 Jan 11420 words
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Article114 1979-01-11 11 Company Particulars Ex Date Books Close Berjaya Kawat Bonus Issue of 1 for 2 Jan 9 Jan 19 Rahman Hydraulic Bonus Issue of 1 for 2 Jan 16 Jan 26 P. Products Bonus Issue of 1 for 4 NYA NYA MBS Rights Issue of 1 for 2 <•114 words
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187 1979-01-11 11 ALTHOUGH Btogapare limrpKitrf Aleuairt HiMlap tower gnap preflts la the nciri half sf the year raiisg March SI, IfJf, the leap la earalags achieved darlag the first six meaths tmpttce that the resalts far the whele year will he better thaa that ef the187 words
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368 1979-01-11 11 INCHCAPE Malaysia Bhd. has entered into a joint venture with the Malaysian National Youth Cooperative (Kobena). The 70-30 Joint venture in favour of Kobena is known as Kobin Motors Sdn. Bhd. and has secured the franchise to distribute Suzuki vans and pick-up trucks. Kobin368 words
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Article434 1979-01-11 11 ■aacrna ssoaa... by HOCK LOCK SIEW MALAYSIAN, fllfpw aad 1M toveetars bi«M eertalaly it wtth mn ton ef the btod ef spirit wtth whtoh Ike tke irahai I«ili| ef Atkin Tla Berhad mealed by Um vaitm SwLi parties. flbiMbilim af the rtmpuy rvctmUy bapptly mwwi tie idiwiby HOCK LOCK SIEW - 434 words
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Article47 1979-01-11 11 has clarified that it paid a total dividend of 18 per cent less tax last year and not 18 per cent, "including 5 per cent tax exempt" as reported in Business Times' list of top 100 companies on Jan 4. The error is regretted.47 words
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Article49 1979-01-11 11 said it has not received any loan stock certificates for conversion into ordinary stock during the fourth conversion period from Dec 1 to Dec 31 last year. Thus the issued share capital of the company remains unchanged at 967,758,222 and the loan stock unchanged at $15,553,000.49 words
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Article62 1979-01-11 11 will hold a second extraordinary general meeting on Feb 7 to amend and delete Article 7 and 103 of its articles of association. It will also seek approval to allot and issue a further 15.32 million ordinary shares of a $1 each to shareholders at |2 per62 words
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Article49 1979-01-11 11 has announced that from dec la- rations received by the company as at end-1978, only 1.96 per cent of its sued share capital is beneficially owned by foreigners; As for its subsidiary, Over*' mm Uatea Tract, 0.25 per cent of the equity is owned by foreigners.49 words
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Article95 1979-01-11 11 has left the cold weather of London for our warmer climes. He has Joined Lyall and Evatt as research director, having taken over the seat formerly occupied by Mr Peter Sutherland who continues to keep this market informed of corporate developments on the investment scene from his95 words
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Article85 1979-01-11 11 has not fin- ished with its purchases of the shares of property group Malayan Credit. Malayan Credit announced yesterday that Monfair Optical, JC-MPH's subsidiary, had bought an additional 63,000 of its shares at unspecified prices. The latest purchase brings Monfair's stake in Credit to 6,412,000 shares, representing 10.185 words
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301 1979-01-11 11 then (Jilted ladastrtai Carper*ttaa is the stock for you. The yield, though not the best available on the market, comes to a respectable 6.6 per cent based on the historical payout of 20 per cent gross maintained in the last three years.301 words
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Page 11 Advertisements
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Advertisement146 1979-01-11 11 PENGUIN BOOKSHOP RUNNERS HANDBOOK KAUNSRS HANDBOOK THE Kunnefs HANDBOOK Th«• RUNNER'S Ha mi book ifi 7 *UNNS«.S t i .^P. a PPf^. WHY DO RUNNtXS MAKE =J RUHH&fS XUNNiNCr I SHMUUJSI IAUASfeCKh OfHfALMfh 9i ZOMEftS Here at last is The Runners Handbook, a complete Fitness guide for Men and Women.146 words
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Article, Illustration594 1979-01-11 12 COLIN CHEE - By COLIN CHEE A MAJOR American offshore bank in Singapore has introduced a scheme to provide short-term financing to commodity traders in the region. The commodity financing scheme of Chemical Bank will cover the whole gamut of banking facilities that commodity traders need. It will594 words
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262 1979-01-11 12 AFP THE Hongkong government passed laws yesterday to protect the Colony against ships participating in the 'human cargo' racket from Vietnam. It also tightened immigration laws by extending the detention period for those from Vietnam not authorised to enter Hongkong. The amendments to existingAFP - 262 words
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231 1979-01-11 12 By Goh Eng Km BRITISH aad Malayslaa tvhttN aatbaritlee have finalised the nate far the L—d— Siagapare supersoale Concorde trial flights ever Malaysian airspace with the first flight scheduled to leave Leadea ea Jaa 24. Details were finalised by the Malaysia* civil aviation231 words
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Article104 1979-01-11 12 TWO Miag Ileal beaks have »iMiieei u lacrease la their prime leadiag rates tram 7.25 te 1.5 per ecat They are Overseas I'alaa Baak, which will raise Its prime trsm today aad Oversea-Chlaese Baakiag Csrpsratisa which will lacrease Its prime leatfag rate temarrsw. This104 words
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610 1979-01-11 12 UPI, Reuter. CHINA would "look favourably" on the expansion of American naval power in the Far East, Chinese Vice Premier Teng Hsiao-ping told a group of visiting American senators in Peking on Tuesday. Mr Teng said in their wide-ranging interview that PekingUPI,; Reuter. - 610 words
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Article898 1979-01-11 12 LONDON, Wed. The market closed easier today but above the day's lows with the prevailing industrial action by private haulage drivers and a threat of a national rail stoppage next week weighing heavy on sentiment. Turnover was small and at 3 pm the Financial Times index was down898 words
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Article61 1979-01-11 12 UPI IRAN'S five-day-old civilian government reeled yesterday under the combined blow of defection by its key military supporter and sharp attacks from the opposition demanding that the Shah leave. But the country remained relatively quiet for the second straight day as demonstrators stayed indoors and heavy snow coveredUPI - 61 words
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Article478 1979-01-11 12 MARGARET THOMAS - By MARGARET THOMAS THE NTUC Welcome cooperative recently tried to pressurise consumer clubs and other retailing cooperatives to charge more for rice sold to the public. This charge was made by Dr. Augustine Tan (Whampoa) during the debate on the motion to thank the478 words
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Article128 1979-01-11 12 GOVERNMENTAL p#lidee are eftea betac eaatradteted by mlaiatrfee aad itker gtveruneat bailee la their Imptomea tatlea ef tbe pattcfae. Mr. Ha See Betg, MP far Kbe Baag, said la Parllameat yeaterday tbat tble la a natter ef mow eeaeera ae It makee a •nackery ef tbe Gaverameat's128 words
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Article63 1979-01-11 12 THE PUBLIC Service Commission can only require its candidates to be bilingual after the schools have fully implemented the bilingual policy. This answer was given by the Prime Minister to the question posed by Mr Ang Niam Piau, MP for Thomson, about whether the PSC would set a63 words
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Article175 1979-01-11 12 SINGAPORE industries must be efficient enough to overcome the protective barriers that are inevitable in a world-wide depression. Dr. Augustine Tan (Whampoa) made this call in his speech. Or. Tan, who thinks that such a recession is definitely under way, stressed that Singapore must be on175 words
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133 1979-01-11 12 SINGAPORE should take steps to ensure the expansion of its own core of entrepreneurs. Dr Lau Teik Soon, MP for Serangoon Gardens, said this in his speech The Economic Development Board, under its Local Entrepreneur Scheme, should do more than merely provide loans and133 words
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Page 12 Advertisements
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Advertisement46 1979-01-11 12 THE GOETHE INSTITUT SINGAPORE presents NEW GERMAN FILMS AT THE RELC AUDITORIUM 30 Orange Grove Road (10) Jan 11: DIE SACHVERSTANWGEN (Ths Experts) Jan 18: JOHN GIUCKSTADT Jan 25: NORDSEE IST MORDSEE (All with English subtitles) All film shows on Thursdays at 8.00 pm. Admission Free46 words
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Advertisement73 1979-01-11 12 I •r bfraumilHi ATSWEIN RH£l>'Ht WHITE RHINE V .WBNttU 1 Who dares to put a white wine in a black bottle? BLACK I (MI R! classic whue u ine from (iermanv presented in an original black bottle Black lower has a distinctive stvlcand character u Inch makes it just right73 words
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Page 12 Miscellaneous
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Miscellaneous60 1979-01-11 12 SWEAT; HER! Outlook for Singapore from 6 a.m. to noon today: Fair. Report for 24 boors prior to 7.39 p.m. on Ju 19 at the airport: Maximum temperature 30.0 C Associated humidity 64 Minimum temperature 2LSC Associated humidity 95 Hours of sunshine 10.30 Rainfall in millimetres Nil Total rainfall for60 words
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SHIPPING TIMES
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PORTSIDES
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Article91 1979-01-11 13 AFP. EAST German shipyards had their best results for 29 years in 1978, when they launched 58 vessels totalling 406,000 gross registered tons, ADN, the official East German news agency reported yesterday. More than half the ships freighters and ocean-going trawlers were handed over to the SovietAFP. - 91 words
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Article96 1979-01-11 13 AFP. JAPANESE shipyards are likely to become increasingly prominent purchasers of foreign ships for scrap this year, as one way to reduce Japan's huge balance-of-payments surplus, Lloyd's List forecasts The influential shipping journal, quoting shipbroking sources in London, linked major Japanese shipyards with two foreign tankersAFP. - 96 words
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Article70 1979-01-11 13 UPI. A Libyan freighter sank in the Mediterranean six days ago with the loss of nine lives, the Italian news agency ANS said on Tuesday, quoting the Italian embassy in Tripoli. It said the feighter Germa, with a crew of 14, sank off Bengazi on Jan.UPI. - 70 words
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Article682 1979-01-11 13 RAHIM KASSIM - By RAHIM KASSIM THE US, once a staunch advocate of free trade and freedom of the seas, seems not to be content with its already restrictive protectionistic policies and has moved to the high seas to curb the shipping trade. The latest line to fall682 words
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Article, Illustration183 1979-01-11 13 Lloyd's List A THIRD skip is being added this month to the OT Express Line's nlkn, reU-sff service, with delivery si the vessel Gnlf Express (rem the Swedish shlphnilder Oskarshnmns Vnrv. This vessel will enable the line's sailing frequency to he redneed to enlyLloyd's List - 183 words
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Article199 1979-01-11 13 UPI. GENERAL business, both voyage and time-charter, expanded to reveal that rates remained steady throughout the recent holiday induced quietness. In the east, Brazilian account Docenave booked the 55,000 dwt Torrent at USS3.9O(SSB.GO) a dwt for a spot trip from Japan to Brazil via Vancouver. European time-charter businessUPI. - 199 words
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3623 1979-01-11 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of3,623 words
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Article129 1979-01-11 17 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ACE (PAH EAST/EUROPE): Franco Belgian Services. 'K'Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line ANRO (STRAITS/AUSTRALIA): Australian National Line Australia/Straits Container Line Nedlloyd Lines Neptune Orient Lines JABCOL(BTRAITB/ TAIWAN/JAPAN/129 words
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Article556 1979-01-11 17 gUppkv Lta Page CM Aconas n 5 ACS n 5 Afea IV 3 Aguila IV 2 Alpac IV 5 Angkutan IV 3 Anhsing IV 3 ANL I 1 APL m 2 Arya Nat n 5 ASCL m 5 Asia Merchant m 4 Atlas V 1 Aust.Cont IV 5 Rank556 words
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Article940 1979-01-11 18 r RECEIVING OF EXPORT FCL CONTAINERS 1 AND LCL CARGO AT CONTAINER TERMINAL NB.(l) Each vessel's estimated time of arrival is advised by the Shipping Line, Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to thi Authority's premises during940 words
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Article886 1979-01-11 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Mt Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental— Same. Ahli Shipping— Shariah. Alfred C. ToepferLineIntermodal. Algerian National Line (CNAN) —Unipacific. Alpac Line—lntrasea.886 words
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822 1979-01-11 18 FAR EAST FREIGHTS THE FREIGHT market is steady and cargo is available (or many ports. Coastal trade is increasing. 1979 will be a better year for Southeast Asian owners. 10,000 mt bulk manganese ore is available from South Africa to Taiwan. A log carrier with822 words
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Article261 1979-01-11 18 THE FRENCH owners of the oil tanker Betelgeuse, which exploded killing 50 people in southern Ireland on Monday, acknowledged that the ship did not have an inert gas safety system but stressed that security regulations had been fully complied with. The owners, a subsidiary of the261 words
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Article, Illustration417 1979-01-11 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cecilie Maersk (after Tachiban Mara and San Juan) 38/39. Centaur (1200 after Nedlloyd Fraaer) 1/2. Glory River (after San Juan) 35/36. lonian Sea (1800) 13/14. Ivory Dragon (1600 after Green Arrow) 19. Johneverett (2300 after Iwashiro Mara) 40/41. Nagoya Mara (2300) 27/28.417 words
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Page 13 Advertisements
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Advertisement461 1979-01-11 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Berber Lmti Singapore Pl» Ud Tel: ***** Harrisons A Crostield Kuele Lumpur T«fc 200M1/* Pernes- MISC Peneng Tel ***** <*t* lARDIM \\l A U Orient Overseas Co*Uci*ie/i Line FUIY COMTAMRBED SERVICE TO EUROPE (VIA SUEZ) 1 H.KONC CONTWO IIN Fstowe LeHirre461 words
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Advertisement260 1979-01-11 13 SStti fSI SEALORD ANTAH UASC UNITED ARAB SHIPPING CO (SAG). PI k All vessels ***** DWT, 105 TON H.L. Derrick |Z 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE* S pore Loading for H Kuwait (23/1), Shuaiba (26/1), Dammam (31/1), Dubai (4/2). Muscat (6/2) Basrah (4/2). Dubai (7/2)260 words
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Advertisement316 1979-01-11 13 1 o k NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY SERVICE ,S Mft P fSClan> r slowt Hawt IT 4am Hbutj Brtm Ascrp SS me'— ICIw 171* SFA IF* IF* 5F* (F* IF* H COt* 24 l» 25 Mi 12 F* 9 F«* II F* 12 F* 13316 words
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Advertisement467 1979-01-11 13 SINGAPORE BUSINESS MAERSK LINE f« us p**. c« > Ma*.«tat ca-<, <». TITO toli) FULLY CONTAINERIZED FAST DIRECT WEEKLY i E9 IVI »/> I a/i a/1 I 31/1 ft EZ93 till M Keeiung Kaottsiung) J Nagojj Osaka. Stwnuu; fO# East Asia iHonjkong Japan (Tokyo Kobe a/i a/i a-l/l 271/2 K*on«467 words
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Page 14 Advertisements
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Advertisement804 1979-01-11 14 HJLLT CONTAMERBH) TO EttOPE Haatvj Eipmj Ut«(EdMw(k 7/2 8/3 10/3 11/3 Triua Eipreu 13/? 15/2 8/3 10/3 11/3 OuksStr 22/2 24/2 17/3 19/3 20/3 Mam 28/2 18/3 20/3 21/3 4/3 5/3 26/3 28/3 29/3 U»ar»Ml«ay 9/3 11/3 |31/3 2/4 3/4 EXPRESS CONVENTIONAL TO EUtOPE Sparc PJetec Pm Hbaa Gama HWf804 words
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Advertisement437 1979-01-11 14 FA 11/11 FA 13/14 Fak 22/23 Fak 25/27 Nwt Vn.il "teCSTWUS- Gte 1-1 "TUB" Jan 17. "TAGAYTAY" tan 27 Tr US ATLANTIC US GULF ft EAST CANADA Tpto MarlO Mar 25 Apr J Mar 15 Mar 31 Apr 14 Mar II Apr 2 Apr 17 Mar It Apr C Apr437 words
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Advertisement652 1979-01-11 14 EVERGREEN LINE EVERGREEN MARINE CORPORA' ON EuEL Tf -mw* 1 ALSO ACCEPTMG CARGO FOR: GENOA LATTAIUA. BE RUT ALEXANDRIA. BENGHAZI. TRfOLI (LBYA) Spm 'MM Sn iad Itjmm fm IbruAnKvcin Enr Mi iil| 12 laa 22 tm Him 29 1m 2fm 3fm 4f* *Im 7 F«* 11 Fa* II F* IIF*652 words
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Advertisement1102 1979-01-11 14 Everett Lines Bwnm Rw Star ftippi Carpa. 'BURMESE NATIONAL LINE" B F SS C Agents in MoioyiM TEPS MALAYSIA Port Ketong Tel (381-7355 Penong Td *****/***** Caaipaata Aryaatiaa Da Mavaaaeiaa l«anaatiaa«ri S. A. C.I. F. "ARGENTINE NATIONAL CINE" Traatpartaoaa Maritima Maxicana S. A. < "MEXICAN NATIONAL LINE" FN) EAST /MEBCO1,102 words
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Advertisement710 1979-01-11 14 SHIPPING TIMES, TkmUy, 11, If II mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD KM 2102 2103 21ST FLOOR MARINA HOUSE SHENTONWAY MISTRIRQAf) SINI>APORf 2 TEL *****44 7 *****70 ISI SANKYO LINE AUSTRALIA SERVICE MMOIDSTM 12/1« tan bM SYO. MEL, ABEL MKT PMCI 17/19 tan 15/1$ lan BBS, STD. MELB T«MML 2C/27710 words
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Page 15 Advertisements
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Advertisement654 1979-01-11 15 OCL Overseas Containers Limited COMTABOSHP sanwct TO UK/CONTMNf: Umtmllir IMb II Mb 11 Mb 21m 3% COMTAiOSHP SOHHCt FROM UK/COWTMMT: U H karg Brm tint Htnt S ton P Kelaal S porf I MaaMoa Uri hM SM hM 13 la I MM bM W bU W lila Ilka Mi ton654 words
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Advertisement811 1979-01-11 15 GRANARD LINE DEPEMMHI NON-CONFERENCE EXPRESS SERVICE NEST BOUND-FAR EAST/MEDITERRANEAN Spare P-Ke#a»f fount Im*l tar: MVMMNAHV2OM MPerl MMti/PS^/Akuan M MM FUNC ¥2111.. MV KNONC FUNS V 23W MV MM TIT *2211.. 4FA (Feb 17 FA 1) Feb OptXkiti P Sad Alexandria Beirut lattakia Pveaus/Tnpok/Bengfcu/ KtanOul Jeddafc/PSari/AJeundria/ limassol Beirut lattakia Piream TnpoA811 words
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Advertisement736 1979-01-11 15 BEN LINE CONTAINERS cayrf (M^i TAM Eiprtss Osaka IIT Eft* Mm >'^»vf>y:if.'. i| i 'lal Y.J HBURG 8 HAVEN SQW S>ort P Mm| N Germany Aastria Antorp 12/1 14/1 V 2 5/2 V 2 a/1 21/1 11/2 14/2 IV2 27/1 9/1 21/2 fi/2 21/2 7/2 M/ 2 21/2 27/2 1/2736 words
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Advertisement560 1979-01-11 15 Scan Dutch 9 ii M* NMfe cm f* EASTBOUND FROM MED/UK. I 1) Mm. TlirttM. Odt. Hdate 2) C»itei|n. ftaMn Bnmm 4) hHwmp MrtMan. 0 Barctteu Sama Boh Bvtepu Mi EB mMk «i.ipte| Fa/fa dln—Mli carta li Mn|kM| ft Man. CONVENTIONAL SERVICE TO EUROPE (VIA SUEZ) S«|aport P Ma* Penan560 words
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Advertisement579 1979-01-11 15 GUTHRIE BOUSTEAD SHIPPING THE BANK LINE LTD. Spore LYKES ORIENT LINE EXPRESS SERVICE MRECT FROM SMGAPORE TO NEW ORLEANS. MOBLE. HOUSTON. GALVESTON. ALSO ACCEPTMG CARGO FOR BANGKOK. MAMLA. TAIWAN. HONGKONG PUSAN AND JAPAN PORTS. lIVRB <Macb I It*). CTURB (im*) IVI4 km 11 W1 Nk 24/25 tm SINGAPORE *****4 PT579 words
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Page 16 Advertisements
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Advertisement590 1979-01-11 16 KAWASAKI KISEN KAISHA. LTD. TOIUROPE S pot? P Man I Havre "dam It MH urn m.fim com im c ru i«* n runt 13* C DOS 12W 3 Ft* 2 Ftb 9F«b 10 It 24 tan 25 tan IS FA 14 F« 2t Ur 77 ft :i Fit U Ftb590 words
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Advertisement940 1979-01-11 16 IS.A./EAST CANADA SERVICE acceptor fcl/lcl com was from penrnc. p. ulanc store Load* tar TOM. WRFOU pMJM HltoiM P l#tUM fHM MMtaR "WW* ASMA~ nun Xn »/7i wm M i«/ui> U/mm E.C./6REAT LAKES SERVICE lM*| tar NORFOLK KB TOM. MONTHM. TOMNTO. ASHTABULA. DETRON. CHKAG ftntxt Mm* P Mar* CAUFORMA/PACFK NORTH940 words
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Advertisement445 1979-01-11 16 l'< M I 1 SINGAPORE SHIPPING AGENCIES PTE LTD /g, \l\(, WOK I ISI I\I)SII\I MIDDLE EAST REGULAR LINER A SAFE WAY TO SHIP BY SSA "71 DER LINES roi wwimr www fm Emm S pore t War* Pwa*| R"4a» A aerp H'txtrf test SOWOttMWStA 2 3 f«* 4/5 JMm445 words
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Advertisement182 1979-01-11 16 tt kaHN t*t* Iw i AGENTS S'pm: LEO S m M PSA t»4mm II S>ara H Mh dwm it If) Gadaaa aa Mn Ami rn lid t* awsa us um» c SHPf«c acdkcs am m Tat snis SCINDIA USA/CANADA SERVICE From INDIA/B. OEBH TO PACIFIC NORTHWEST PORTS Laa*| tar L«c182 words
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Advertisement665 1979-01-11 16 t INTRfISEfI (PTE) LTD. F .it>?r House 34E Orchard S»'q.i[yorr- 9 Telephone 2 ***** i ***** c Kansai Line STRAITS/AUSTRALIA SERVICE SUNNY SYDNEY *.30.. Lba*a- HO 1 Singapore P Keiang Loadbig tar 21 Fak 25 Fab Brisbane/Sydney Melbourne Adelaide., <, nu (fit) i» ausu none tnmi mm i imm mm.665 words
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Page 17 Advertisements
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Advertisement48 1979-01-11 17 MALDIVE LINES IM** In IMt/CatoMo Am*h tor UNIT/ I t I n* if/ 1 15/ i 17/ 1 11/1 22/ 1 EU-I BUMS 14/ 1 W 1 lMa| tw Imdtf BENLEY ft CO., (PTE) LTD I, Tint «>» Stmt. Skivn 1. lEL: MIJ3S/S LOMMS f0» kUbnt Horn* j a-.48 words
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Advertisement136 1979-01-11 17 K KARLANKR (AUSTRALIA) PTY. LTD. H ST* IJt M> JT* *37.. [ii mmu ra II ta 221 m 17/11 F* .MM 22 M 21/21 Mw .KM* 2* Mw lVl«*r AfMtC P.Mw Shppm: HMfOtS SMPFK T«L *****00 la* POMS-MSC T* PK *****1/4 Kl *****4 W SHIPPING TRADING CO.,(PT£) LTD M/M, C*cil136 words
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Advertisement65 1979-01-11 17 NOTICE DAIICHI CHUO RISEN KAIBHA. TOKYO M.V. -POLE STAI" FROM YOKOHAMA arrived on srd JANUARY. I»7» at paa. go down no. Z5/X4 General Surrey on damaged cargo discharged ti ine above vessel will be held on 12th January. 19W 8 00 a m to l OOp.m No further survey will65 words
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