The Business Times, 18 January 1979

Microfilm: NL9958
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) N* 141/1/71 THUBBDAY, JANUARY IS, 117* 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Japan's exports drop
      65 1 Reuter. TOKYO, Wed. Japanese exports in yen terms declined last year for the first time since the Korean War of 1963, mainly because of a sharp appreciation of the currency, the Ministry of International Trade and Industry announced today. The yen value of Japanese exports dropped 8.9
      Reuter.  -  65 words
    • Article
      Lock icon Kriangsak's request
      58 1 Reuter. TOKYO, Wed Thai Prime Minister Kriangsak Chamanand was today reported to have asked Japan to support his country against a possible attack from the Hanoi-backed Kampuchean regime. The Japanese News Agency Kyodo quoted sources as saying that General Kriangsak made the request in a first round of
      Reuter.  -  58 words
    • Article
      Protest over security bill
      38 1 KUALA LUMPUR, Wed. Opposition Democratic Action Party (DAP) members today walked out of Parliament in protest against a government Mil to legalise security regulations declared unconstitutional by the Privy Council in London last month.
      38 words
    • Article
      Lock icon Iran's envoys sacked
      84 1 Reuter, AFP. TEHERAN, Wed. Iranian ambassador to the US has resigned and seven other envoys have been packed, Iran's official radio said today. The ambassador to Washington, Mr Ardeshir Zabedi, is a close confidant and former son-in-law of the Shah. The dismissed ambassadors were those to France,
      Reuter,; AFP.  -  84 words
    • Article
      Lock icon Sary to join his men
      61 1 AP, Reuter. PHILIPPINES, Wed. Mr leng Sary, ousted deputy premier and foreign minister of the defeated Khmer Rouge regime, is to Join holdouts in Kampuchea's hills soon, the Philippine News Agency said today. Meanwhile, the new Vietnamese-backed administration in Kampuchea has ordered all oversea representatives
      AP,; Reuter.  -  61 words
    • Article
      Lock icon US industrial output rises
      73 1 UPI. WASHINGTON, Wed. America's industrial output rose 0.6 per cent in December, the Federal Reserve Board said today. It was another in a string of strong production performances that contradict forecasts of a recession. The December advance was identical to November's increase as large gains occurred
      UPI.  -  73 words
    • Article
      Lock icon Dow Jones
      56 1 AP NEW YORK, Wed. The stock market showed widespread losses this morning, following the lead of a declining dollar on foreign exchanges. The Dow Jones average of 30 industrials dropped 4.60 to 830.99 in the first half hour. Losers took a 3 to 1 lead over gainers among
      AP  -  56 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      131 1 Rises Most Active Tronoh Mines Kuala Sldim Set Coconuts 710 254 348 40 16 14 S Darby KL Kepong H Par 258,000 177,000 T Harbour 280 12 94,000 Ayer Hi tarn Tin 1200 10 U O L 52,000 Straits Trading Kempas 580 410 10 8 +5 Total
      131 words
    • Article, Illustration
      In Kuala Lumpur
      148 1 Rises Most Active S Mai Till 1000 20 16 11 +10 S Darby 276,000 N Semb 310 Consplant 181,000 M Cables 164 KL Kepong 168,000 K Sidim 256 Dragon A Phoenix 82,000 Pac Dev 260 10 Total Turnover: 1.69m T Harbour 290 10 Total Value: MR36m Sg
      148 words
  • Article
    Ban on coffee, pepper exports to Republic
    209 1 THE Indonesian government has suspended all exports of coffee and pepper to Singapore since last month. Exports of coffee to all other countries have also been suspended since last week and domestic prices erf coffee have reportedly been frozen. The reasons for these
    209 words
  • Article
    Lock icon GARTER STICKS TO PLEDGE
    79 1 AP PRESIDENT Carter is holding to his pledge to cut deficit spending to below US$3O billion (Ss63 billion) in the new budget, while still finding money for increased defence outlays. The budget for fiscal 1960, which begins next Oct. 1, will be presented to Congress on
    AP  -  79 words
  • Article, Illustration
    OUE hotel projects with Chinese
    540 1  -  BANK FINANCING? By SOH TIANG KENG A SINGAPORE company, Overseas Union Enterprise (OUE), has joined the rush of foreign and international firms to set up a chain of hotels in China. OUE, which owns Mandarin Hotel, has already started talks with Chinese authorities to build
    540 words
  • Article, Illustration
    Lock icon Troops gun down Iranian revellers
    1020 1 UPI. TROOPS and police opened fire yesterday on revellers celebrating the departure of the Shah in two key towns, hours after troops and demonstrators hugged and kissed each other. First reports said 17 people were killed and at least 50 wounded by gunfire. Witnesses said
    UPI.; AP Photo  -  1,020 words
  • Article
    Lock icon Japanese buy Malaysia
    250 1 AFP JAPANESE businessmen have tentatively agreed to buy U5J727.000 (551.53 million) worth of manufactured products from Malaysian producers, the leader of the visiting Japan-Asean import promotion mission, Mr Noboru Gotoh, said in Kuala Lumpur yesterday. He said the goods include canned food, timber products, batik, and canvas
    AFP  -  250 words
  • Article
    Sabah's $100m team-up for logging venture
    101 1 DK9CAPE Bsthad an 6 a JSahah MBMjr, Maaarhafe Wiirtii Berhad, > -ViU*iTwyi by MrJNsCn Flag? Saisiffi ISTJZ aapnhrt 6btiht «f the The Joint venture eeapnay, knows as BJL nd^wufhTesMtarnetes a ■ajsr mad streteMag •vertokm Is reach the IMs mad win eventual highway aeress Biiii
    101 words
  • Article
    UOB gives more time to Sinfin holders
    371 1  -  By ARTHUR NG UNITED Overseas Bank has extended its offer period for acceptances by Singapore Finance shareholders. Originally the offer is supposed to lapse today but the bank has now extended the offer by one month to Feb 19 the same date on
    371 words
  • Article
    Mitsubishi-Chrysler
    114 1 JAPAN'S Mitsubishi Motor Corporation and America's Chrysler Corporation have reached agreement to expand their hwlmin linkups tb not anlr vehicle sales bat also the -supply of car components, a Japanese company spntasman said today. He was Amplifying a statement by its president Tomio Kubo at a press conference here
    114 words
  • Page 1 Advertisements
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  • TRADE AND INDUSTRY
    • Article
      C and E sells its Seahorse stake to Guthrie Boustead
      227 2 C and E Tours has sold its 50 per cent equity stake in Seahorse Coach Tours to Guthrie Boustead Shipping Agencies Singapore for an undisclosed sum. As a result. Seahorse is now a wholly-owned subsidiary of Guthrie Boustead Shipping. A
      227 words
    • Article
      Lock icon Cable link by 1980
      84 2 AP A MARINE cable communications system between Indonesia and Singapore is expected to become commercially operational in April 1980 at the latest. Telecommunications Public Corporation spokesman Dr. Musyafri Effendy said yesterday. The 912-km cable with 480 circuits is being installed by Nippon Electric Company at a
      AP  -  84 words
    • Article
      Engineering tack of Sampoerna
      347 2  -  NEW PROJECTS By FONG MEW LENG SAMPOERNA Holdings, an Indonesian plantation and industrial trading group here, is expanding into industrial engineering and manufacturing. The company spent $1 million acquiring a local engineering plant, Singapore Fluid Power Engineers last September and has Just finalised details for a
      347 words
    • Article, Illustration
      HOW SOO LENG DID IT
      162 2 SELF-STUDY still has Its piace despite Ike vast amy at niim available these days. Teng Sn Leag bean testl- maay la this whea she worked herself threagh Part 1 af the Jaae I*JB Institute af Chartered Secretaries aid Administrators (ICSA) Laadaa examiaatlsa to became the
      162 words
    • Article
      New developments crop up
      296 2 RECENT developments in the quality and production of Australia's grains wheat, oats, barley, and rice may have a profound effect on the industry. Australian farmers and grain scientists have made unique discoveries or improvements to grains which have resulted in increased and improved crops worldwide. One
      296 words
    • Article
      Massive global need for ammonia
      194 2 THE WORLD demand for ammonia is expected to reach ISO million tonnes a year that will need massive plant construction and large amounts of capital. This forecast was made by Mr L. J. Buividas, manager of the inorganic chemicals division of Pullman Kellogg (Texas) and
      194 words
    • Article
      Singapore invited to French Ocean Expo '80
      203 2 the Organiser of an international exhibition and symposium, "Ocean Expo DO/Oceantropiques," to be held in the French city of Bordeaux in March 1980, has invited Singapore companies to participate in the event. Mr Francois Algoud, general commissioner and president of Techno Expo SA,
      203 words
    • Article
      Thorn arrives in Malaysia
      78 2 PRIME MINISTER Gaston Thorn of Luxembourg arrives in Kuala Lumpur today on a four-day official visit during which he will sign a bilateral air services agreement. The agreement will be signed tomorrow when Mr. Thorn meets his counterpart Datuk Hussein Onn for discussions on wide-ranging subjects.
      78 words
    • Article, Illustration
      Giant of a computer at your service
      289 2 ASIAN Computer Services, a subsidiary of Haw Par Brothers International, has installed one of the largest computers in Singapore. The new system, an IBM 370/138 valued at more than $1.5 million, replaces an older IBM system used since mid-1974. The central processing unit
      289 words
    • Article
      Post-grad business school on the cards
      435 2 SINGAPORE may soon have its own post graduate school in business administration and accountancy. The University of Singapore is currently studying plans to establish a business school for post graduate studies leading to a degree in Master of Business Administration (MBA) for graduates from
      435 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      216 2 SINGER Company has promoted Mr. Brjree Bastiaa to vice president, marketing operations, interna tl una] division sewing products group. Previously, Mr. Bastian was vice president, Pacific region. He win be based at Singer world headquarters in New York City. In his new capacity, Mr. Bastian is responsible
      216 words
    • Article
      S.M. Motors takes over selling of Volvos
      434 2  -  By QUEK PECK LIM A NEW marketing company called S.M. Motors Pte. Ltd. will begin to sell Volvo cars next week. The company is likely to do so from premises purchased from Volvo's former distributors, Federal Auto. Sources said discussions are now in
      434 words
    • Article
      Lock icon Developed world not doing enough
      164 2 Reuter ASIAN members of the "Group of 77" developing countries yesterday expressed "grave concern and deep disappointment" at what they said is the totally inadequate response of the developed world towards the creation of a new international economic order. A declaration at the end of
      Reuter  -  164 words
    • Article
      MEMO PAD
      399 2 COURBES AND TALKS f Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), STTC, STTC 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:
      399 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      150 2 yrrrrnri A. 1 a ajninu Study with the ©Ml UNIVERSITY PREWVRATORY SCHOOL i I TORONTO, ONTARIO UPS specialises in preparing overseas students for Grade 12 and 13 Examinations leading to entry to Universities and Colleges in Canada and USA. UPS is registered with the Ontario Ministry of Education and its
      150 words
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      Page 2 Advertisements Column 2
      0 2 >|[<{~-+;?;%(!,<'$\<$[](}~&{,|?
      0 words
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  • REGIONAL
    • Article
      Rupiah rumour untrue, says central banker
      521 3 DR RACHMAT Salleh, Central Bank Governor of Indonesia, has again publicly refuted the much-circulated rumour that the rupiah will be further devalued to Rp 800 or even Rp 1,000 to the US dollar. Addressing an annual bankers' 1 dinner in Jakarta, Dr Salleh asserted
      521 words
    • Article
      Vietnam ready for peace zone talks
      381 3 VIETNAM says it is prepared to discuss with nearby non-communist countries on making South-east Asia a zone of peace, and that the new situation in Kampuchea is favourable for regional stability. A statement issued yesterday by the Vietnamese embassy in Bangkok said the ousting
      381 words
    • Article
      Lock icon Price controls
      121 3 AFP THE THAI government has announced that it will enforce price controls on 11 commodities including food products, cars, lubrication oil, sanitary products, drugs and insecticides. Notice will be sent to producers and wholesalers of the affected commodities informing them of the newly imposed ceiling prices for their
      AFP  -  121 words
    • Article
      Lock icon DENMARK CANCELS AID
      125 3 UPI DENMARK will caacel 1M million krona (Ss42 million) of mid planned for Vietnam In itM because of the country's part la the overthrow of the Pol Pot government In Kampuchea, the Danish Foreign Ministry said on Tuesday. The ministry said, however, that current aid projects the
      UPI  -  125 words
    • Article
      Lock icon High clothing exports send HK's textiles soaring
      250 3 AFP. HONGKONG'S textile experts aad Imparts aarged la the 11 tram ta 1 lm mi WkUimlmmy HIVVcniRT IMt year, latest effldal trade CUttlng eoatlaaed to be Heagheag'a streagest selling Item, with tows ed parehaaaa by bay ere la the Halted States, Earape, lapaa
      AFP.  -  250 words
    • Article
      Lock icon Asia's biggest aluminium plant to be in Sabah
      165 3 AFP ASIA'S biggest aluminium smelting plant is to be built in Sabah. It will be a Joint venture involving the South Korean Hyundai business group, the Pechiney firm of France and the Sabah state government. A report in Seoul said this project
      AFP  -  165 words
    • Article
      Don't let the West dilute Common Fund
      795 3  -  By CHARLES CHAN MALAYSIA has called on developing countries to close ranks to oppose any attempt by industrial countries to dilute the proposed fYimnrvni Fund shift S significant part of its financing to existing international commodity agreements (ICAs). The call was made on
      795 words
    • Article
      More trade missions winging into KL
      484 3 KUALA Lumpur will continue to attract foreign trade mt—inng this year, despite the Indochina situation which most foreign diplomats in KL view with some concern. Some foreign governments have firm schedules on the visits of their trade delegations, while others are still waiting for
      484 words
    • Article
      Mardec's second European latex facility
      270 3 THE Malaysian Rubber Development Corporation (Mardec) will set up a latex concentrate bulking facility at Port Rijeke, Yugoalavia, in partnership with a Yugoslav company, Hemro. The facility will hold about MS3 million worth of latex. The concentrates will be for distribution in Yugoslavia and neighbouring
      270 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      337 3 Pakistan International Airlines flies twice a week to 8 European cities. All via Karachi. Allowing you to stop over for an unforgettable holiday in Pakistan. A chance to see Pakistan, a country of living contrasts: of barren desert land, golden wheat fields and snow-capped mountains. A land of handsome, friendly
      337 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      684 3 TWO-lI-CRYPTIC PUZZLE ACROSS 3 One game much like another? (5) 8 Source of pleasure or aid, possibly (5) 10 Decoration wholly without point? (5) 11 He goes half a mile with a pole (3) 12 Just the chap to bail out old Bob? (5) 13 Obviously more than one to
      684 words
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  • RAW MATERIALS
    • Article
      Lock icon Soviet harvest holds sway over world prices
      1246 4 RUSSIA, with its immense natural resources, wields considerable influence over a wide spread of commodity markets. How that influene is used is often more than mysterious. FT EACH year economists and commodity analysts, not to mention politicians, military strategists and Sovietologists, eagerly watch
      FT  -  1,246 words
    • Article
      S'pore and KL slightly higher
      330 4 RUBBER THE Singapore rubber market yesterday closed slightly higher with February One RSS buyers quoted at 230.50 cents per kilo, up 0.25 cent from Tuesday's close, dealers said. The morning session closed slightly higher with February One RSS buyers quoted at 230.50 cents per kilo,
      330 words
    • Article
      RAS PRICES
      351 4 Prices In cents per kilo yesterday: IwOB (per kilo) Buyers Sellers Int. 1 R.S.S prompt f.o.b. 230 2 231 25N tat 1 R.S.S. Feb 230.50 211.00 tat. 1 R.S.S. Mar 230.50 231.00 tat. 2 R.S.S. 238.00 *****N UK Coot 227 00 238.00N tat. 3 R.S.S. 2B.OO 22t OON
      351 words
    • Article
      SSR and SMR
      122 4 NOON SSR and SMR pi RA8 rkaa yeeterday 1 Ftbmr> MsreM (O B« irr»at (id fan Stlki >) (1 r» B 'orwtH Mil SSR20 II ton paltrt l> 22a 00 230 001 M 228.50 y#f 230JON* SSR50 <1 ton pallet I 225 00 227.001 4 225 50
      122 words
    • Article
      Wheat
      203 4 WHEAT futures in Chicago on Tuesday fell 4'/« to IV* cents a bushel by midsession on new indications that southern hemisphere growers will have abundant wheat for export. Keying the losses were overnight reports that Argentina's 1378/79 crop is expected to soar to 7.5 million tonnes and that deliv*
      203 words
    • Article
      Soybean
      160 4 SOYBEAN futures in Chicago on Tuesday closed with moderate losses after a post-noon rally failed to hold. Declines ranged from three to SV« cents a bushel. Bean prices stood mixed to slightly higher in early afternoon after rising in conjunction with a limit-up move in silver futures. But the
      160 words
    • Article
      Lock icon Rain brings relief
      82 4 Reuter TWO DAYS of rainfall this week, which ended a prolonged dry spell in northern India, have improved winter crop prospects, food ministry sources in India said. If there are further rains in late February, this year's harvest would pobaMy ex- last year's record 47 million tonnes,
      Reuter  -  82 words
    • Article
      Closing prices
      29 4 Rubber; Jan 17 Singapore: February: 230.50 cents (np 0.25 cent) Malaysia: February: 235.00 (up 0.25 cent) Tin: $1,755 (down $20) Official offering: 177 tonnes (down 32 tonnes)
      29 words
    • Article
      Straits tin
      72 4 THE Straits tin price in Penang yesterday fell M{2o per pkml to (1,755,155 above the Internationa] Tin Agreement ceiling, dealers said. News legislatton was introduced in Congress to release 35,000 long tons at tin from the US stockpile depressed prices but there was little Japanese and local demand
      72 words
    • Article
      Rice
      311 4 ■ANCKOfc: Prices were quoted as follow* yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) WHITE RICE. 100 pet Ist class 330.100 pet 2nd class 315. 100 pet 3rd class 310. 5 pet 302. 10 pet 282, 15 pet 277. 20 pet 272. 35 pet 380. 35 pet
      311 words
    • Article
      Lock icon Taiwan to hold copper tender
      53 4 Reuter CENTRAL Trust of China sources said Taiwan will hold a buying tender on Jan 23 for 1,500 tonnes of copper. They expect another tender, (or the same quantitity, shortly afterwards, if the Jan 23 tender is successful. The Central Trust is the govenment's official
      Reuter  -  53 words
    • Article
      Lock icon DEMAND BY CAR INDUSTRY BRIGHTENS PLATINIUM OUTLOOK
      181 4 Reuter THE chairman of Rustenburg Platinum Holdings Ltd., Mr. Albert Robinson said it should be possible to sustain the present price of platinlum. Rustenburg's producer price is currently US$3OO (SJ6SI) an ounce. In his annual review, Mr. Robinson said, the outlook appears promising
      Reuter  -  181 words
    • Article
      Lock icon Tin output shows rise
      46 4 Reuter WEST Malaysian tin concentrates output rose to 7,083 long tons in October from 6,717 in September and 6,172 in October 1877. Imparls of tin-in-concen-trates rose to 171 tonnes (747 iwH 545 tonnes), bringing the 10-month total to 10.300 •ones (6J56). Renter
      Reuter  -  46 words
    • Article
      LONDON MARKETS
      865 4 SUGAR: Raw sugar futures ended yesterday morning £0i od to £1 per tonne down and turnover totalled 865 lots, an Values rallied from earlier lows on light mixed buyin {ht and short-covering orders which found the market rathe thin. The lows had been reached on the opening ca
      865 words
    • Article
      Lock icon Production setbacks renew copper interest
      463 4 AFP, Reuter THE UPWARD trend of copper prices begun in the last quarter of 1978 has speeded up in the first half of this month. On the London market, trade sources said, prices have been above £800 (553,448) per tonne for the first time for
      AFP,; Reuter  -  463 words
    • Article
      Lock icon More palm oil output seen
      264 4 Reuter PALM OIL production in Peninsular Malaysia in the Oct/Sep 1978/79 season is expected to increase by 470,000 tonnes to 1.93 miiunn tonnes from 1.46 mini™ season, Oil World, the Hamburg-based publication, said. This increase is despite moderate acreage expectations and an anticipated yield per
      Reuter  -  264 words
    • Article
      Lock icon Extra rice may stop efforts to raise wheat sales
      239 4 AP WHEAT exports to Asia la the coming year should be good, but a surplus of rice in some countries could put a damper on efforts to expand foreign sales. Mr. Richard Baum, president of the Western Wheat Associates, writes in
      AP  -  239 words
    • Article
      Produce exchange
      354 4 LACK OF FOREIGN buying interest made for generally dull trading on the Singapore produce exchange yesterday. For certain commodities, not a single deal was reported. Oopra and coconut oil continued to hold their own on consistent buying interest generated by the Soviet Union and most of the West
      354 words
    • Article
      Hongkong Comex
      99 4 SUGAR FUTURES trading Mai Sains: l (prcv 1 22? w r ooew, d«iMarch closed at US 7 99/ lotS dealers 841(1 8.25 ccnts against closed US 67.69/ 8.00/30 and distant Januiy m™^£ Un t TueS «M» ~05/50 ST/.fS^i lo^ 72.00 sir. Sugar future, elating prion Cbmtmg Pi I
      99 words
    • Article
      Textiles
      191 4 YARN and cotton in Hongkong with priccs in HK dollars, spot ex-go-don: emm jmm China Blue Phoenix 30s 2JOO, Oi 2,850; «0s 3.000 (per bale of 400 lbs). Hiss goads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq. Flytag Geese unq
      191 words
    • Article
      Palm oil
      68 4 CJ.F. North Burope*n port*, in US dollars otnerwLv IUUH per ton unless LONDON: Malaysian 5%ffa bulk per tonne February March Sumatra 5% ffm bulk Tues unch M2slr Previous 615«lr MOslr January February March April May/June ffa bulk *tg Sumatra Max 5 Jan Zalre<BHi francs per kilo) unch 057Walr
      68 words
    • Article
      Lock icon Coconut exports up
      84 4 Reuter COMBINED 1978 exports of Philippine coconut oil and copra rose from 1977, but all the gains were in oil, PhilipPine coconut authority statistics show. Coconut oil exports rose to 989,515 tonnes in 1978 from 778,389 tonnes in 1977, with the US taking 500.477 tonnes (472,075), Europe
      Reuter  -  84 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      203 4 \Ve tosiolThe 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 Review".
      203 words
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  • OVERSEAS
    • Article
      Lock icon Economists are unanimous on mild recession
      1103 5 Reuter. IF MOST economists are to be believed, it seems almost certain that the American economy will slip into a mild recession later this year. The Carter administration strongly denies any such suggestions, although admitting it is actively trying to bring about a period
      Reuter.  -  1,103 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      723 5 ARRIVALS Service Local Operator Number Time Prom MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1006 HLP RBA BI323 1030 BWN CIA GA90O 1030 HLP MAS MH6Q5 1045 KUL SIA SQ103 1045 KUL SIA SQ209 1045 HLP G1A GA944 1055 PKU
      723 words
    • Article
      Lock icon RETHINK OF U.S. KOREAN PULLOUT
      118 5 Reuter U8 Natleaal Beearlty Adviser, Mr Bipiew clal^M'ttoT*JrViSJ fttiln rnU ehugc Mi ptaM far wttkirawal at tfMps (TMB Ssatk bra If <mij<>paMals mrnatei. CMfttMHi B»aiel Str»tUa, New Yerk Deaioat, saM Mr Braela a letter reepeaiag te qaesttsaa aa Ike ttgaWmatae eeaikat wpaMWj was Mee tkat
      Reuter  -  118 words
    • Article
      Lock icon Koch plans to trim NY's budget deficit
      233 5 UPI MAYOR Edward Koch has unveiled plans to reduce New York City's persistent budget deficit by slicing up to US$25O million (***** million) off expenditure with a possible loss of more than 8,500 Jobs by June 1980. New York City has been in
      UPI  -  233 words
    • WORLD IN BRIEF
      • Article
        ANTITRUST BELL IN U.S.
        395 5 SENATOR Edward Kennedy (De m ocrat-Massachusetts due to become the new chairman of the Senate Judiciary committee, is drafting new anti-trust legislation to discourage mergers involving the largest US companies. The legislation, which is not in its final form yet, would prohibit mergers by any of
        395 words
    • Article, Illustration
      Lock icon Truckers offered peace package
      683 5 Reuter AP. MORE British industries, stalled by a truckers' strike, laid off workers yesterday while the Labour government sought to avoid more cripping disputes with a new peace package, including price controls. Prime Minister James Callaghan, who comfortably got past a Conservative attempt at a parliamentary
      Reuter; AP.; UPI photo  -  683 words
    • Article
      Lock icon White House denial on policy speeches
      267 5 Reuter THE White House denied on Tuesday that President Carter's two top foreign policy advisers revealed divergent opinions when speaking on Monday about US relations with China and the Soviet Union. The two foreign policy speeches were delivered to a symposium of 500 US
      Reuter  -  267 words
    • Article
      Lock icon Carter calls for fuel conservation
      244 5 AP, THE CARTER Administration is asking some 1,500 state and local officials and businessmen to take immediate steps to conserve energy in response to the cut-off of oil from Iran. If the voluntary programme does not work and if Iranian production is not restored soon,
      AP,  -  244 words
    • Article
      Bank-burning mobs
      105 5 INDIAN police opened fire and used tear gas to disperse mobs that stormed a dozen bank burned one down during riots on Tuesday night to protest a prolonged slowdown by bank employees, the United News at reported from Ahmedabad, western India. One person was killed and more than
      105 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      105 5 AMASTERPECE. TAILORED TO MEASURE... BY MELWANTS. X* A v J) i I r Place your Porders by 20.1 r and you can get suit made in for Chinese New Year. A tailored-to-measure suit. Elegant to look at, pure pleasure to wear. Created by the masters of quality tailoring. Only the
      105 words
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  • Article
    The venturesome Lien Ying Chow
    504 6 THERE is a salutary lesson to be learnt from the reported plans of Overseas Union Enterprise to invest in a hotel in China. It takes nerve, initiative and enterprise to be the first in Singapore to tackle a venture of this kind in China. It
    504 words
  • Article
    Time to set up school post-haste
    309 6 THE University of Singapore has been discussing a post-graduate business and accountancy course (or some years now and has still not reached a decision yet. The university has to maintain standards and they must ensure that the curriculum, and indeed the entire concept of
    309 words
  • Article, Illustration
    Lock icon Callaghan's ties with unions on thinner ice
    1804 6 FT. THE BRITISH government is now surviving on a day-to-day basis. While cynics may suggest that there is nothing new in that indeed, looking back over the years to 1976 it may seem a miracle that the government is still in office there
    FT.  -  1,804 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      213 6 f 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 418 Thomson Road, Singapore 11 Tel: *****66 COCKPIT HOTEL 6 7 Oxley Rise, Singapore 9 Tel: *****1 GREAT EASTERN HOTEL jW
      213 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      21 6 OOKS u>p£ OM so ux. o NO ro>| ser's BROfcfcJM DOUJN if«T HHQ nt e>ROreisj uou*< i p u*vjC.HeD iyKCUA* spocrrsvieu,
      21 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      708 6 81RWDTD LOST ISLANDS WELL, FANS tt Store Aastto will Part n af fee Last I bave to w» II to sight wUI see the drat «f IMb LiiijLal«kMtApk,iw MOy K ysa rnjsy qaUaktmi Sr ■0N A* j 5 s 1 be right s to E flat, B flat pww to
      708 words
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  • Article, Illustration
    Lock icon Shah's move marks only the first step
    1001 7  -  By R. W. APPLE NYT. .THE DIN of triumph that echoed through Teheran on Tuesday expressed the of the moment. But the spirit of the future may have been more truly ex- pressed by a phrase utter-->ed at the same time near Paris
    NYT.  -  1,001 words
  • Article, Illustration
    Lock icon US smokers who become pawns in a tug-of-war
    614 7 NYT. THE 50 million Americans who buy cigarettes are increasingly becoming pawns in a protracted tug-of-war between the embattled tobacco industry and Federal and private pressure groups urging smokers to kick the habit. That (act became strikingly apparent last week as Dr.
    NYT.  -  614 words
  • Article
    STRAWS IN THE WIND
    368 7 AT A RECENT soccer match at the National Stadium, an interlude of band music was provided when the scoreboard flashed the announcement that soccer fans were being entertained by the Royal Navy. Five minutes later, embarrassed officials quickly changed that to Republic of Singapore Navy. Love
    368 words
  • Article
    Lock icon New Delhi in quandary over foreign investments
    664 7  -  POBUM < ...with Arun Arun Bhattacharjee Depthnews Special INDIA wants more foreign investments, but it seems it cannot have its cake and eat it too. The reason is simple. While it sorely needs the economic windfall from more foreign investments, the government cannot
    Depthnews Special  -  664 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      359 7 i:i r »i fiiVjilr; up your life at Vanda Live it up at the newly renovated Vanda Bar. Styled for comfort S&Sk and good cheers Sing along with our resident duet George David to your favourite request Happy Hours from spm-Bpm 30 a discount Singapore Jljfe Onchid Inn 4 Dl
      359 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Artificial blood peps up Green Cross
      614 8 TOKYO Source: DBS-Daiwa Securities STOCKS IN general were off yesterday since institutional investors, which had been heavy buyers during the past month, turned cautious against the recent sharp run-up in stock prices. However, medium-sized and medium-priced chemical and steel issues were active and higher
      Source: DBS-Daiwa Securities  -  614 words
    • Article
      Manila
      169 8 THE MARKET closed mixed yesterday with minings posting gains while commercials and oils declined, dealers said. Turnover fell to 17.6 million pesos from Tuesday's 23.8 million. Gainers were Baguio Gold, Benguet Con B, CDCP and PLDT while losers were Atlas Con B, and Philex B. Unchanged issues included Lepanto
      169 words
    • Article
      Bangkok
      177 8 •tea 17 Hmhi Bank of Asia 258 ♦3 Bangkok Bank 390 4-4 Bank o/ Ayudhaya Ltd Bangkok Metropo278 unch litan Bank unq Thai Commercial Bank 5M Laem Thong Bank unq Thai Danu Bank 450 ♦6 Thai Farmers Bank 362 ♦2 Union Bank of Thailand 375 +4 Industrial Finance Corp
      177 words
    • Article
      Sydney
      317 8 THE MARKET weakened on profit-taking in active trading yesterday, and the all ordinaries index fell 1.63 points to 562.55. dealers said. BHP dropped to $9.46 from 19-58 yesterday and other oil stocks were weaker. Industrial leaders were generally weaker, although banks and mining leaders were mixed tfith the Bank
      317 words
    • Article
      Lock icon Hongkong
      412 8 Source: SHK Sec Ltd THE MARKET contracted and consolidated yesterday as light profit-taking and reduced overseas orders canst d prices to drift lower. For a change, there were no rumours to affect the market's direction, but a report issued by aa American bank forecasting real GDP growth this year
      Source: SHK Sec Ltd  -  412 words
    • Article
      Selected Indices
      65 8 FINANCIAL TIME8 INDUSTRIALS H.K.HANG SENG Tuesday 481.5 Monday 482.8 Wednesday 540 44 Tuesday 545.82 Week ago 515.28 SYDNEY INDU8TRIAL8 Wednesday 472.77 Week Ago 4822 DOW JONES AVERAGE INDUSTRIALS Tuesday 835 50 Monday ***** Week ago 831.43 LONDON DOLLAR PREMIUM Tuesday 90 to 90 W Week ago 487 86
      65 words
    • Article
      Toronto
      211 8 jan ia ct 47Hud Bay Mln 23 AbitJbi Imp Oil 25* Alcan 41* In« Int Pro* Pipe 20* 10* unch Algoma Bank Mont Bank Nor* Scotia Bell Tel Beth Corp BP Can Ltd Braacan 27* 26 24 <2!* unch unch Int Uts InU Nickel Kerr Add Lobiaw B 12*
      211 words
    • Article
      Sharp decline
      1181 8 NEW YORK 1 FEARS that Tl* Bundesbank may reduce its support for the dollar sent stocks into a tailspin and the market gave back all of Monday's gain in active trading on Tuesday, r Analysts cited comments by Bundesbank i vice president Karl Otto Poetal that German E
      1,181 words
    • Article
      Johannesburg
      309 8 JAN IS Rand INDUSTRIALS A Alpha 138 unci] Abercom AE And CI AMIC 250 385 1300B 7 ♦25 Barlows 130 4 IS a A Currle Finance De Beer* Ind too 10 210 100 1300 10 ♦1 •too Edcon 330 10 Edfart 3850B Everead* Fed Voik 206 ISO 5 +3
      309 words
    • Article
      Lock icon A. Express faces McGraw-Hill suit
      293 8 Reuter MCGRAW-HILL filed suit in Manhattan Supreme Court to bar American Express from acquiring it. The company said the New York Security Takeover Disclosure Act requires American Express to file a registration statement with the state attorney general and with McGraw-Hill. The statement must contain
      Reuter  -  293 words
    • Article
      Lock icon Occidental awaits final approval from Libya
      287 8 Reuter. OCCIDENTAL Petroleum announced that the Libyan Jamahiriyah Secretariat of Petroleum and the Libyan National Oil Corp accepted Occidental's proposals to settle all differences outstanding between them and establish new terms for Occidental's continued operation in Libya. The proposal, if given final approval by
      Reuter.  -  287 words
    • Article
      Lock icon Mitsubishi Trust, Bank of Australasia joint venture
      117 8 Reuter THE MITSUBISHI Trast aad Bsaktog Cm ami Nattoaal Beak ef Aastrmlada LM have hmsi FV aaaee Ce LM <AJB>. the**fJSSkE Wmte nhsrtftoated tanMlmi *arehiHsrs «f $18 mllh a Jstot stateaseat, AJK will take Uaae to gsvpart to ftossrtot the to- rr<rrmUy the
      Reuter  -  117 words
    • EUROPEAN MARKETS
      • Article
        Zurich
        191 8 JAN 10 Francs Actions Suisse* Alusulsse Br Alusulsse Ret Brown Bored Br Ctba Oelfj Br Clha Oetcy p c Ctba Oelfy Reg. Credit Suisse Br Credit Suisse Ref Elektrowau Br. Oeor«e Fischer Br Globui Pc Hero Br. Hoffman La Roche 1/10. Holderbank Br Inter food Br Jelmoli Br Motor-Coiumbui
        191 words
      • Article
        Amsterdam
        190 8 JAN 18 Fls ABN 386 00 ♦05 Ahold 120 00 Akao 32-20 -0J AMEV #6 JO 0J Amfas 11X70 -1J Amrot Bank 77 40 01 £2°" 54JC 85 TO unch -0-3 BoU 72.70 -0.1 Borsumg 184 JO -4-2 Burhmann 7800 Byenkorf 82.00 unch Cal*e Delft 174.80 128 JO 1
        190 words
      • Article
        Paris
        273 8 JAN 1« Frt CORBEILLE Alr-Liqulde B 8 N OervaU Danone C 8 F < ThorntonCsf) Cle Francalte det Petroles Compagnte Financier* Compacnle Generate Credit Foncter De France Hachette (Llbralrte) Machines Bull Mlchelln (B) Parlbat Pechlney Clflne Kuhlmann Peuceot Philip. (Nr Oem BeHtl Prln tempt S A Rhone-Poulence SA Royal
        273 words
      • Article
        Brussels
        91 8 JAN 18 m FORWARD MARKET Accc Arbed Attur Brascan Bru-Lamb Canpac Cock De Been Electrobel Qb-Inno-Bm Oe» Hobok Prlro Rjrl Dutch Sldro Soc Oen Belf Sofina A Tanks U Win V Mont 455 2370 m 480 1680 894 484 188 2425 8780 2545 1420 2800 3525 1885 748 21S6
        91 words
      • Article
        Frankfurt
        192 8 JAN 16 Dm Aef-Telefunken A Iran All* Leben All* Vert BASF Bay H T Wbank Bay Vbank 7sao 30 OOB MIA) OJ 0 301.00 137 JO 303 00 Jll 00 I 08 Bayer BBC BMW CaaacUa 137.10 311 00B ***** ***** 1J iU Chem Verw Commerxban* Contl Oummi Daimler-Ben*
        192 words
      • Article
        Milan
        63 8 JAN 16 Lire Anlp J2 uncb Anoc On >4700 -410 Basiofi SOI -10 Centnlc ♦310 25 Flat 2737 •3 Fln»KJer IV 4-25 Q«n Immob n jo -0.5 IF1 Prt oto -1 ItaJrementi zxno 300 Itaic&j 736 -3 Mil 356.25 325 M>(ncU M PI 517 4-1 Martin Ere 230 4-J
        63 words
    • Article
      Lock icon Kodak raises prices of still cameras
      150 8 Reuter. EASTMAN Kodak said it will increase prices on its traditional still cameras by about 5-1/2 per cent, effective Jan 26. Kodak said the increases are consistent with President Carter's voluntary price standards. The company was introducing a new dealer incentive scheme on traditional
      Reuter.  -  150 words
    • Article
      Lock icon MATSUSHITA ANTICIPATES HIGHER PROFIT
      171 8 Reuter MATSUSHITA Electric Industrial expects non-con-solidated profit before tax and special items of 110 billion yen in the current year ending Nov 20 compared with 103.27 billion the previous year. It also expects sales to rise to 1.70 trillion yen from 1.60 trillion in the 1978
      Reuter  -  171 words
    • Article
      Honda to relocate production lines
      149 8 HONDA MOTORS is preparing to relocate all of its large motorcycle production lines to its Cokxnbus, Ohio factory in an effort to offset the US dollar's value slide against the yen. A company official said on Tuesday that part of the lines will shortly be
      149 words
    • Article
      Bendix forecast
      64 8 BENDIX said although it looks for an excellent year in fiscal 1979, it does not expect to repeat the 31.8 per cent gain in net profit reported for the first quarter ended Dec 31. The company attributed the first quarter improvement primarily to its car, aerospace/electronics and forest
      64 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      357 8 OR A HOME? Then look for 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 for in the new LEISURE TIMES supplement that comes with Business Times every Saturday morning. If you
      357 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Stamp duties complicate syndication
      456 9  -  By SOH TIANG KENG THE FINANCING of China's 'trade with the West and other parts of the world will not adversely affect Singapore's position as an important banking and financial centre. Disclosing this yesterday, Mr. Eric Lawrence, vicepresident and outgoing head of the Singapore office of
      456 words
    • Article
      Lock icon American money supply unchanged
      116 9 Reuter THE aarrewty Mied US meaey upply (Ml) was virtaally aaehaaged la December alter deettalag M per eeat ia Nevember, accerdlag to data released by the Federal Reserve Beard. Ml was aieasared at a seaseaally adJasted US$9ll.B billiea last meath, cem pared with $JM.f billiea ia
      Reuter  -  116 words
    • Article
      Lock icon Bank of Japan call rate move
      508 9 UPI. THE Bank of Japan (BOJ) will soon urge short-term money brokers to stop setting call and bill discount rates as part of a measure to let interest float on its own strength on the financial market, bank sources said in Tokyo. The central
      UPI.  -  508 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        352 9 THE US dollar was traded down against major currencies on the foreign exchange market yesterday. Opening at 196.55/65 against the yen, the dollar was traded up to 196.80/90 by Tokyo's close. The US currency, however, was sold down by dealers during opening minutes in London to 195.80/ 90,
        352 words
      • Article
        Asian $ rates
        183 9 Asian rates ASIAN currency deposit interbank rates as at close on Jan 17 Closing Asian dollar ceruncates of deposit for prime names: 7 days 1 month 2 months 3 months 6 months 9 months 12 months US Doilara<Spot) Offer Bid 10 7/16 10 3 10. 10 10 J 10 s
        183 words
      • Article
        Discount
        54 9 Range of prices offered by discount houses on Jan 17: Overnight 1 to 4 1 Call deposits 4<> to 4<>% Closing Baying Selling 3 month Treasury bills 4 7/16 4 5/16 3 month Bank bills 7>< 7», 3 month CD 7 J 7». 6 month CD 713/16 711/16 Source:
        54 words
      • Article
        MLR
        21 9 THE average rale at which Singapore banks are currently prepared to lend to their beat customers is 7.75 per cent.
        21 words
      • Article
        Gold
        331 9 GOLD FUTURES in Singapore yesterday closed sharply higher against Tuesday night's close in active trading, dealers said. Opening quotations were marked up sharply around US$7 per ounce following firmer overseas gold prices. Thereafter prices rose further during the morning's trading on buying interest, but eased slightly in the afternoon
        331 words
      • Article
        London
        264 9 THE DOLLAR opened sharply lower in hectic trading in London yesterday, then steadied on Bundesbank director Gleske's remarks that the German central bank's dollar intervention principles are unchanged, dealers said. The US currency opened at 1.8320/30 marks after 1.8478/88 overnight, then rallied a little to around 1.8375/85. Sterling followed
        264 words
      • Article
        Tokyo
        164 9 THE US dollar for overnight delivery closed at 196.80 yen in Tokyo yesterday, up from a 196.70 opening but down from 198.00 at Tuesday's close, dealers said. The US dollar moved between 196.70 and 196.90 yen in light late trading after an early fall, the dealers said. It fell
        164 words
      • Article
        Hongkong
        41 9 HONGKONG banknotes yesterday: us 4 7H 75 UK 9 45-9 65 Burma i m.i sa India 4 70-4 90 Indonesia OTOJtm Japan 2 415-2 Of Korea 0 75 0J5 Philippines OVIM W Singapore 2.17-2.1S Malayrta 2.13-2.15 Brunei 2.12-2.15 Thailand 23.10-23.40
        41 words
      • Article
        Treasury bill tender
        43 9 THE MONETARY Authority of Singapore has invited banks and discount houses to tender for a total of $15 million 91-day Treasury bills to be issued from Jan 22 to Jan 26. Each tender must not be for less than $250,000.
        43 words
      • Article
        Australia/NZ
        50 9 AUSTRALIA/NZ exchanges quotes yesterday: USrioUar 1 1431 1.1383 Sterling Ninety-day air maii bu lying rates: Sterling n WM US dollar* i i*» Ninety-day forward bu ying rates: Sterling 0.5781 USdoUan LMB New Zealand Sterling 0.5301 ***** US dollar 1.0834/1.0634 Ninety-day airmail buj ring rates Sterling own US dollar *****
        50 words
      • Article
        Frankfurt
        34 9 FRANKFURT exchanges opening quotes yesterday: us Can 1.500 St« 1 MM DO ar*i/» Sfr 108 85 110 X> LW IB/91 FTr ac/sr Nkr Btr coo «J&/Ml I Bfr fin S2B/OB Y« MK/S I
        34 words
    • Article, Illustration
      Lock icon US banks will not call Iran loans despite default
      439 9 Reuter. US banks will not call their loans to Iran despite a technical default on at least one small commercial loan, US banking sourtes forecast. The default reflects disruption in the banking system rather than any inability to pay, they said.
      Reuter.  -  439 words
    • Article
      Lock icon Bonn spends $28m to back the dollar
      235 9 Reuter NET German mark intervention to support the US dollar on foreign exchange markets last year totalled not less than 24 billion marks (Ss2B million), Bundesbank vice-president Karl Otto Poehl said. In a speech prepared for delivery at the West Berlin central bank.
      Reuter  -  235 words
    • Article
      Taipeh forex market opening
      172 9 THE Taiwan foreign exchange market will still open in early February, probably on Feb 1, Mr. Liang Kuo-shu, deputy governor of the Central Bank said. He said some opposition to the opening was raised in the business community after the US broke off diplomatic ties. On
      172 words
    • Article
      Owners of Yew Lian
      65 9 IN TUESDAY'S Business Times, it was reported that Mr. Goh Cheng Liang, managing director of Nippoo Paint Singapore, owns 20 per cent of ACBC through companies such as Goh Cheng Liang Co. Ltd. and Yew Lian Development. Yew Lian Development is in fact not owned by
      65 words
    • Article
      Lock icon Central bank details Carter bond terms
      402 9 Reuter. THE Swiss National Rank and the US Treasury set a 2.65 per cent interest rate on the forthcoming issue of US notes over four years and a 2.35 per cent rate on the 2.5year notes. Both tranches have been priced at par, it
      Reuter.  -  402 words
    • Article
      Lock icon Inflation the key to dollar's fate
      632 9 UPI. THE Germans are cautious, the French are pessimistic and the British say the outlook is favourable. But the US dollar looks to remain on a merry-go-round this year and the US inflation rate is the spoke that will determine which way the wheel
      UPI.  -  632 words
    • Article
      Lock icon Sears-Roebuck bond
      93 9 UPI SEARS-ROEBUCK ef CWcage will (feat USfIM arilltoa werth «f WMinrf yea Mtatara la My* mm, atrfclag the lint Imm mt lepeaeM c arret* beads toy a commercial tattftattoa ia Ike Japaaeec capital. Plaaadal mum expect Ike heads to be Heated areaad April threagh the America* campaay'a MMAuy
      UPI  -  93 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1444 10 BID and offer prices officially listed and business In and Kport«d to the Stock Exchange •f Singapore yesterday with the number of shares traded shown In brackets In lots of 1.000 units Unless otherwise specified. All Time Settlement Contracts >re quoted after the word' 'sett". Big Board deal
      1,444 words
    • Article
      Government bonds
      121 10 4 1/2% 1/8/80 (250.000) (99.208 99.345) 4 3/4% 15/9/80 (250.000) (***** 99 80S) 5% T F 1/5/83 (250,000) (100.108 100.255) 5 3/4% T F 15/6/81-84 (250.000) (102.305) 7% 15/4/85 (250.000) (100.758 100.906) 7% 1/8/85 (250.000) (100.858 100.806) 7 1/4% 15/4/86 (250,000) (100.80B) 7 1/4% 15/10/86 (250,000) (100.80B) 7
      121 words
    • Article
      Stock options
      93 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday, the period, bids and offered prices and business done, if any, with the number of options traded shown in brackets. Him P E (March $1.45) (0.438 O.S3S). Scab Skip (March $1.25) (0.268 0.355). UK
      93 words
  • Article
    Unit trusts
    139 10 nuArouuNirmi BT INCOME BOND UNIT < Manager*' prion hrteN) (Current ariM) The Commerce 213 2.36 1.12 111 The Saving Fund 1.32 1.48 S pore Prig Fund 0.M 0f8 S'pore Sec. Fund 1.73 1.83 MARA BUMIPUTCA FUND S pore Invert Fund 1.34 1.11 tor Jaa IS) (MaMfHi* |ritM AAA
    139 words
  • Article
    SHARE INFORMATION SERVICE
    2571 10 Crt Gr** Net rL 1978/79 Last Div DW Yld P/E Vol Day .High Low Coapuy Sale +or- Cvr (•000) High Low SECTION ONE INDUSTRIALS w 272 132 Ac ma 207 12.0N 14 5.7 224 M 190* 123* Alcom 185 10.0 24 5.4 117 178 107 Allied Choc
    2,571 words
  • Article
    In Kuala Lumpur
    1452 10 810 and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Alaam (1.928 1 938) (2) 1.02 A Ch.c (MSB 1 24Si
    1,452 words
  • Article
    COMPANY MEETINGS
    46 10 Rtkau Bjimlt Tl» BHD: EOGM to be held at 25, Beach Street, Penang, at 12 noon today. Be r Jay a Kawat BM: EOGM to be held at Jalan Utas r Shah Alam Industrial Estate, Shah Alam, Selangor, at 10.00 am on Jaa 20
    46 words
  • Article, Illustration
    The market lapses into another dull trading day
    550 10 THESE WAS aaetker Ml at the Stack Exekaage af ffiajapwr yesterday wttk ly wtthia as riaw Umlta. As —ck, epecatottve a» tlvtty was very ■aek redaeed. Tke deeeried gallery at the aarket aad the dwtadllag crewda at braking kaases bare rlifanal y
    550 words
  • Article
    Lack of range and volume marks the day
    665 10 IF NOT FOR the Interest shown in the plantation sector, trading would have been featureless and extremely dull on the Kuala Lumpur stock market yesterday. Selected plantation stocks were accorded bullish attention initially but they succumbed to mild selling pressure later in
    665 words
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  • COMPANY NEWS
    • Article
      DIFFICULT FOR SETRON TO MAINTAIN PROFIT GROWTH
      1152 11  -  By MANO SABNANI ELECTRONICS manufacturer and distributor, Setron Ltd, will be hard put to maintain its net profit for the year ended Dec 31,1978. This is the conclusion one would invariably draw on closer examination of the group's profit and loss account for
      1,152 words
    • Article
      Stock market poised for an upswing
      1170 11  -  A sampling of brokers and share analysts' opinions of what the Year of the Ram has in store for investors in the local market throws up a generally optimistic scenario, at least in the immediate future. By CHAN BONG SOO AFTER initial firmness which
      1,170 words
    • Article
      DIVIDENDS ANNOUNCED
      326 11 Curreat Ex Booka Data Total for Total for Payaeat Date Cloae PetalLag Tia 80%<n) Dec 7 Dec 10 Jan 19 120* 80% C AC 20% Jan 8 Jan 13 Jan 22 30* 24% Cbia Tack 7.5% Dec 29 Jan 11 Jan 22 15% 20% K T Pn 7*1
      326 words
    • Article
      SCRIP ISSUE
      122 11 Con pa my Particulars Ex Date Books Close Barjaya Kiwat Bonus Issue of 1 for 2 Jan 9 Jan 10 ■Ukau Hydraulic Bonus Issue of 1 for 2 Jan 16 Jan 28 MBS Rights Issue of I for 2 8TP (lt75) ft 12.00 per share Feb 7 Feb
      122 words
    • Article
      Lock icon Some food for thought...
      520 11 on SSQO2«. by HOCK LOCK SIEW A BULL MARKET lavarlahty hrlaga la lie tnla a ehala af m j— w u the market. Aad ae matter wkat the preapeetea atfera, Mm af the pabHe applylag far the aew aharea all tea aftea lead f threw eaattaa
      by HOCK LOCK SIEW  -  520 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      224 11 4 VS O P S /(sf V •> 4 •J* >o II •H xt* -S V'■«■■ ->„ iW c W»v >" !>> 1? I w%& S^-lcr .V 9 > V if i-2^kf. 1 Ml ■-"V- -<" > 'V aV < S' *«J SI '%%*>■;w v I O •C ,\*-.li A
      224 words
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  • Article
    Sime will wait a year if Guthrie says 'no'
    1061 12  -  By GERALD COLVERD SIME DARBY will wait a year before mounting another bid for Guthrie Corporation if its current offer fails. This indication was given by Sime's chief executive, Mr James Scott, in an exclusive interview in the plush London offices
    1,061 words
  • Article
    US$50m credit for Sime
    399 12  -  By ARTHUR NG EXPANSION-SEEKING Sime Darby Holdings has secured another credit line this time US$5O million. The line is given by the Union Bank of Switzerland (ÜBS) on a floating rate basis, says Sime's finance director Michael Dowdy. But other than saying that it is a
    399 words
  • Article
    More than just a straight MP
    557 12  -  Bv MARGARET THOMAS MR HOWE YOON CHONG, 55, has been named as the seventh and final candidate of the People's Action Party for the coming byelections. At a lively press conference yesterday, Mr Howe, who is currently (or was until very recently) chairman and
    557 words
  • Article
    LONDON STOCKS
    788 12 LONDON, Wed. The market closed generally lower today In quiet trading, dealer* said and at 3 pm the Financial Times index was down 7J2 at 474.3. Industrial disputes continued to affect sentiment and government proposals for tougher price controls were an additional depressant, dealers added. Government stocks eased
    788 words
  • Article
    Lock icon Khmers' last ditch in Kompong Som
    191 12 UPI KHMER ROUGE soldiers, their backs to the sea and under heavy Vietnamese air strikes, were battling to the death yesterday for Kampuchea's port of Kompong Som, Thai intelligence sources said. They disclaimed earlier reports that the port had fallen to Vietnamese-led forces in
    UPI  -  191 words
  • Article
    Lock icon DOLLAR DROPS
    35 12 Reuter THE D 8 Mhr trippii *arpty acalHt Mm jm to Tokyo jmtwioy oppor mtty ioiiMm to nporto ttoU tfco Wot fin—liii Mi■ ito wfpo»l"iS womMW.' ll^ ioj at IMJI jm, ioii asr-'tir
    Reuter  -  35 words
  • Article
    Lock icon Australia's interim stopover fares to Asia
    395 12 AFP. Australia will be proposing to European nations interim stopover airfares to Asia of between A&000 (5J2.500) and $1,300. These proposals will first be put to a British delegation due to arrive in Canberra next week. The stopover tares, some (300 to |400 above
    AFP.  -  395 words
  • Article
    Lock icon JAKARTA 'NO'TO PEKING TIES
    78 12 AFP INDONESIAN Pirelga aataadja mM hto <wutry nnttr rrla tt— wttk (Mm, It «m TTTUSSr'IL qwUMP«r Slatr Pagl m aaytag (tan an nnnl raaaaaa*, talaty «T the emrrmt CMDeputy Pi flu Teag wmmgni ta er fc tte P**«y» ha aright aat he ahle to Mi •at
    AFP  -  78 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      45 12 Know your capita] allowances and save on your taxes I --T'< Xi P *-•> s £1 U "Capital Allowances on Industrial Buildings and Plant Machinery" arfiicDuil) (*•> Please send copies of the books ordered above at the prices quoted plus postage. I enclose my cheque for S»
      45 words
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      Page 12 Advertisements Column 2
      97 12 I I I W ho dares to put a white wine in a Mack bottle? BLACK KMLK! vv h'te w ;ne mm (icr m;tn\ presented in an »>i iL'in.ii hl.a k hi>tt ie HLick low it li.js a lJ! NT! nc" 11 C >.t\ It .1 !I<l eh.it .l .tcr
      97 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      58 12 Outlook for Singapore from 6 a.m. to noon today: Windy. Repart for 24 haui prtor to 7JI pjn. m Ju It at toe allpit: Maximum temperature 31.5 C Associated humidity 48 Minimum temperature 22.6 Associated humidity 88 Hours of sunshine 9.95 Rainfall in millimetres trace Total rainfall for the month
      58 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Tenders for shipyard
        85 13 Reuter THE Philippine Shipyard and Engineering Corp (PSEC) said it will invite tenders next month for construction of a US$B9 million(SH96 million) ship repair facility at Subic Bay, west of Manila. The government-owned corporation said that final terms for a $54 million loan from the Japanese Overseas
        Reuter  -  85 words
      • Article
        Lock icon Shortage of seamen
        100 13 AP GREECE needs some 60,000 more seamen to staff its merchant fleet, the largest in the world, according to the maritime research department of the Official Economic and Industrial Research Institute. The survey pointed out that young Greeks were increasingly unwilling to join the naval profession. As
        AP  -  100 words
      • Article
        Lock icon Fair exchange
        87 13 UPI JAPAN'S Taiyo Fisheries Co. has signed a memorandum on Tuesday to export a fleet of fishing vessels, including a mother ship, to China for US$2O million (Ss44 million). The firm said the formal agreement is expected in March and deliveries would be completed by September. It said
        UPI  -  87 words
    • Article
      Members of FEFC accept UK cargo
      586 13  -  By GOH ENG KEE MEMBER-LINES of the Far Eastern Freight Conference operating on the Far East/ Europe trade especially the container operators are continuing to accept cargo for UK destinations despite the strike by UK lorry drivers, which hag caused cargo to pile up
      586 words
    • Article, Illustration
      Special cranes
      118 13 AN AUSTRALIAN r*mp*ay ha* r*»e«Uy ■apply thra special iwl pwwwi hydraalle eraavi fitted wtth eM drealt toliwtotoa to the PiMfcß toggtog *nAtinwdtog to Ptfe* Cruei, the ■pnrtolly lMt|Bnl «aa« cm nek est aad Hft uphill, which cum! be CTMM, «MU» HfMHMM may be eperated ma We utt m
      118 words
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      Lock icon London freight
      221 13 UPI CONTINUED lack of chartering interest on the medium to large size bulk carrier trades further undermined the earning potential of such vessels. Even North American grain export trades produced no sign of improved enquiry with fixing restricted to a IS,OOO-ton January-February cargo from the US Gulf to
      UPI  -  221 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3598 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      3,598 words
    • Article
      The Consortia
      126 17 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ACS (PAR 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( STRAITS/
      126 words
    • Article
      INDEX
      564 17 SWpptag Ltae Page CM ACS n 5 Afea IV 3 Aguila IV 2 Alpac IV 5 Angfcutan IV 3 ANL I 1 APL m 3 Arya Nat n 5 ASCL m 5 Asia Merchant m 4 Atlas V 2 Aust.Coot IV 5 Bank n 5 Banner Maritime V 4
      564 words
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      Container Schedules
      883 18 r RECEIVING OF EXPORT FCL CONTAINERS 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 the Authority's premises during the
      883 words
    • Article
      Who acts for whom
      885 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdn. Bhd Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CN AN)—Unipacific. Alpac
      885 words
    • Article
      Owners of trampers can be selective
      729 18 FAR EAST FREIGHTS TRAMPER FREIGHT rates are steady while conference rates are generally rising mainly due to: inflation, increased bunker costs and higher overheads. Scrap prices are continuing to rise with one recent sale in Karachi at US9M.OO (SS2O6). The MV "Lita" recently sold
      729 words
    • Article
      Lock icon Drop in ships laid up
      358 18 FT THE WORLD fleet of oil tankers, combined carriers and dry bulk cargo vessels idle, laid up or under repair on January 1, fell to 266 ships from the 412 idle at the beginning of last year. The total tonnage idle dropped from 40 million
      FT  -  358 words
    • Article, Illustration
      SHIPS IN PORT
      444 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aalekseevsk (after Palm Sea Horse A Barge LS 86) 15/16 Anyuy (1500 after Sumber Mutiara IV) 13/14 Bunga Gelang (0600) 19 Chi Cheng (1400 after Tysla) 6/7 Jade (after Motovun) 35/36 Jalakirti (0600 after Fair Reefer) 46 Kaikoh Mara (0600) 33/34 King
      444 words
    • Article
      Lock icon Tough year for shippers
      81 18 Reuter BRITISH shipping can expect a tough year in 1979 despite coming moderately well through the prolonged depression, Mr Ronnie Swayne, president of the General Council of British Shipping(GCßS), said. Mr Swayne, addressing the annual GCBS press conference, said there was a good chance the depression
      Reuter  -  81 words
  • Page 13 Advertisements
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      289 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pie Lid Tel 92«51 Harrisons Croslieid Kuala Lumpur Tel: Pernas-MISC Penang Tel ***** 40» .1 KI) IM AMAH m r Orient Overseas Co*dcu*teA Line mt 3 S3 1 FULLY CONTMOBED TO/FROM US NEST/EAST COASTS. PNW (STRAITS CARGO VIA
      289 words
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      Page 13 Advertisements Column 2
      274 13 ■P J 19 H JSI SEALORD ANTAH ii 4 m b .1 UASC 3 UNITED ARAB SHIPPING CO (SAG) 3 All vessels ***** DWT, 105 TON H .1. Derrick 288 TEU Capacity, Long Length Capability. ■ARABIAN GULF WEEKLY SERVICE S pore Loading for Kuwait (10/2) I I Basrah (6/2), Dubai
      274 words
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      272 13 NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: l F stowe Havre R tom H bur| Brea A «erp 15 Fak U Feb U Feb 14 Fab IS Feb 17 F* Hfeb 21 FA 22 Fab 24 Feb B Feb 27 Feb SMar Site Cite lite Site 11 Ite IS Ite
      272 words
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      Page 13 Advertisements Column 4
      164 13 l:\vrett Lines POt TNI MOST pkiqucmt saiumcs to MHOKOK IIOO<KOI« 4AFAN MJSAN. Kvaratt H—mlity Corpn. t/A C*»*or# C Wwox T* •Mit M IMC*) V>*«l SW»H IM J* 10) OC»C ft* V 2U«r MM «nm VXinn CO T# ?JT MAERSK LINE Far lIS rtahc G* l Mmtx mt £«a Canada Mr
      164 words
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      869 14 Hapag-Uoyd FULLY CONTNNEJttSO) TO EUROPE 7/7- 13 3/3 4 3 IS 1 E' 7 83 10/3 113 OU*JBJT 77 7 24/2 17/3 19 3 20 3 CftcMaro 79 7 18/3 70/3 21/3 3 5/3 26 3 28 3 29/3 3 11/3 3/4 5/4 6/4 Thames Mam 11 3 31/3 7/4
      869 words
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      Page 14 Advertisements Column 2
      383 14 barber blue Fiwc US ATLANTIC US GULF I EAST CANADA U Fafc 19 Ml 3/4 f*2l M»5 J*. 20/22 I F J I Mar 19 H> Mar 17 Apr Mr 24 *»r 1J Mr 31 E3J3I tofivMtSu Tr CANADA/USA Padlic Coast pea IS-2V/2 21 -24/2 22 24/2 Vjncomo BC Seattle
      383 words
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      648 14 EVERGREEN LINE EVERGREEN VARiSE CORPORATION* FAR EAST/RED SEA, MEDITERRANEAN 1 EXPRESS FULL CONTAMER SERVICt At SO ACCEPTWG CARGO FOR GENOA. LATTAKIA, BE RUT ALEXANDRIA. BENGHAZI. TRWII (ÜBYA) S fm* 'MM tat imd Umcml Itfkß* fm ImM+t aim II f* MM lift 21 f* Uf+ ft* C««ttHto> iFt» 1« F«k 2J
      648 words
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      1121 14 11:\vrctt Tines] gtH FinstKSM»pM|C«»*W "BURMESE NATIONAL LINE" Q| IOMMt rot RANGOON s«v msmsnwmk n/t B F SS C. Ayenti m Motovwo TEPS MALAYSIA Port KAong TAi3B>-733S P*noog T«l *****/***** X A A A A A A A A A A A. b y i PATAtGMA ARSENTMA 7/It FA 11/12 FA"
      1,121 words
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      570 14 II /I mo.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2 102 103 21ST FLOOR MARINA HOUSE SHFNTON WAV MISTRI ROAD SINGAPORE 2 H t *****44 7 *****70 IS! SANKYO LINE AUSTRALIA SERVICE P. Kafang Sine apart Loa< mayprmci Ylf MAN.... IMT CARP.. MAYBREI2E t In Pari Saied BBS. SYD, MELB
      570 words
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      829 15 QCL Overseas Containers Limited COWA*R3NP gRWCE TO UK/COWWHIT: CONTAKRSHP SERVICE FROM UK/COHTMMT: MDurj Brtm r«M Hnrt S ton PU«| Sport M>lt Nrtj »■■■'<■ «*< «*< hM bM M 11 bn I*. KB Ikw Mm bU SaM hU hM M 21 la nla lUB t*™ S*B M* SaM bM »i» 1
      829 words
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      741 15 GRANARD LINE Granard Shipping Agencies (Si Pte Lid Tel *****77 |5 Lines) Dm s Trjfl nq San Bhd Am Shipping Ifading Enterprises AMERICAN PRESIDENT LINES STRAITS EXPRESS CONTAINER SERVICE loadinf for New Tort, East Coast and ft* ports by Mn-landbridfe Los Angeles, San Francisco and Seattle I SBKAPORE P Ktlaag
      741 words
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      Page 15 Advertisements Column 3
      616 15 r TOQMOPC In—i Capms BEN LINE CONTAINERS EXPRESS CONTAMER SERVICE TO/FROM EUROPE H BURG B HAVCN R OM* HAVRC SOTON Spore PUM| W Germany/A«tria Anlnerp France A» UK Cftyol CdbMfh Tab* Cipress Osaka Bay H BURG 6 HAVIN R OAM Germany/Austria Benehn HAVRE SOTON Fratct ARUK PUmi Sport For 1/2
      616 words
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      623 15 Scan Dutch 9 ERVICE VIA SUEZ toatfa mm* anapM carja ta tato* EASTBOUND FROM MED/UK. CONTINENT/SCANDINAVIA 1) G tKKi 2) Wta| J) I ««a 4) r«M 4) LeM i) Iseki P t) Maton ttacMaAa. (Mi. Maria 7) Capttaafta total J) ftemen 4) Antwerp >—laidam UK 6) Barcetaa (mi Unit BnrdeauJ
      623 words
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      580 15 f GUTHRIE BOUSTEAD agencies BAN IN LTD LYKES ORIENT LINE h EXPRESS SERWCE DftECT FROM SMGAPOftE TO ICW ORLEANS, MOOLE. HOUSTON, GALVESTON ALSO ACCEPTMG CARGO FOR BANGKOK. MANLA, TAIWAN. HONGKONG PUSAN AND IAPAN PORTS n/a (Bbck) SINGAPORE *****4 PT KELAMG *****1 KUALA LUMPUR ***** 1 PENANG *****1 SB FESCO LINES
      580 words
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      832 16 I K line KAWASAKI KISEN KAISHA, LTD. TO EUROPE KPTUK COM UN c ru 14* n nm 13* CRME 12* KW EVKSS 1* Spore P KfUi 24 b* n 3 ftb 5 Fab ItFA 17 Fib 21 Ftb 22 Ftb 27 ftb 21 Ftk UFA 12 Feb 21 ftb 22
      832 words
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      883 16 U.S.A./EAST CANADA SERVICE ACCEPTNG Fa/ia CON!AIDS FROM KNMK. P. KELANG. STORE Im*| ta: NEW YORK. NORFOLK Penan, Mawan P Man, Smgwere rwu-nsci)— 20/21 ta' nn/iiia E.C./GREAT LAKES SERVICE r norfou. «w ran. Montreal Toronto. ishtmuu. oniaT. chcaco CALIFORNIA/PACIFIC NORTH WEST SERVICE loadn, tar: lOS ANGELES. SM FRANCISCO. SEATTLE. TACORIA VANCOUVER.
      883 words
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      560 16 :r H roup SINGAPORE SHIPPING AGENCIES PTE LTD HP AH. t 1 S/SdA/'ORH IS/ I\/>S lIM KCL Rcfwal Container Lines MEKLV CONTAMER SERVICES TO/FROM BANGKOK WOE BOUNTY V 3 WOE BOUNTY V 4 STORE 23/24 Jm 29/1 Feb BANGKOK 2C/27 Jw 3/5 Feb DSR-LIIMES S port P Ma«| Parian ITdam
      560 words
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      495 16 w> MALAYSIA* INTERNATIONAL SHIPPING CORPORATION KRHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVI4 KSTKMP feeder fW«I Sport I) Msedfes 2) Man 3) KMag 4) Gburg EUANOtA bM TOTMM kM N/1 4/2 6/2 8/2 EUANOM M KQMKM W/I 8/2 jy? 17/* FBANCBCA 17/1 MS HOUTHM 4/2 17/2 22/2 24/2 25/2 FIANCOCA 4/2
      495 words
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      660 16 t IHTRfISEfI (PTE) LTD. House* 234E O'C'rirO Road Singapore 9 Telephone *****11 *****57 KM* nomkiii sna/Fuu contmo sonnet to natqg Spore P UM| Poimi laa*| tar f ■a Nla kM nkm Tt (mMwt 21 fab 17 M ,nL WBM <rg)L»- l l2:~ «»—«*"*»-«M4. *****2. *****8 nt rmm «na onus mnbtm
      660 words
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      92 17 KARL AIDER (AUSTRALIA) PTY. LTD. SNPPMC Td. zmm Id. PR *****1/4 KI *****4 BIENLEY CO., (PTE) LTD t, Tetofc Aytr Street. Singapore 1. TEL: *****5/9 Aftat tar SOUIHSf* FREIGHTERS lIP RtCULW SttWCE FROM SNGRPOK ll* <10 10MMC FOfc I Ala 27 lan Rbd-mt I* K*t-> lAi.rpliim tVI *r»J» IbdMfi HIGH
      92 words
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      Page 17 Advertisements Column 2
      156 17 Vft 4 1 Uniqm* SHIPPING TRADING CO..(PTE) LTD 66/68 CwilStfMt. Siofapor* t. T« *****22 114 Lim). FOR; Msta/P«i«i| STEMEKS ETA fTB FOfc MMfINOK 20 Im 231 m Murta/PMjM| BONA TOE t 31 IN 3 F«6 BONASTM 31 1m 3 F«fc te**yi BQNMM 231 m 2C 1m ttata t FKM w*
      156 words
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      79 17 NOTICES General Survey of damaged carf o ex the above vessel will be held on Monday 22nd January, 19W. as from 900 a.m. to 100 p.m. No further survey will be held after this date. R. 4('MAMMY AI (PTK)Lm OOKFMUnON 8/A s/s \my Afri: 1i.1.19 Ptaee af Mitj: PJJL GMm.II/41
      79 words
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