The Business Times, 19 January 1979

Total Pages: 18
1 18 The Business Times
  • 10 1 BUSINESS TIMES M.C4P) No. l«/l/7» FRIDAY, JANUARY 19,19)9 SO CENTS
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  • BRIEFLY...
    • 65 1 A 34-MEMBER Japanese trade mission arrived in Singapore yesterday for a two-day visit. It is touring Asean countries to promote imports from the region. White in Singapore, the group, which represents major supermarkets and chain stores in Japan, will have talks with local manufacturers and suppliers. The
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    • 32 1 MJR HARBANS SINGH, a 53-year- old lawyer, has beao selected by the United Peoples' Front as its only candidate for the coming by-elections. Singh is the party's general secretary.
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    • 66 1 KUALA LUMPUR, Thur. The Ministry of Trade and Industry and the Treasury will launch a Joint exercise to control and check unfair price increases in the country. the first successful efforts in tackling the prices of colour TV sets, the next stage will be imported colour
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    • 73 1 UPI TOKYO, Thur. Japan Air Lines will dispatch lt& officials to Peking next month for talks on construction of hotels in China, airline president Shizuo Asada said today. Mr Asada told a new conference a team of its officials will be in Peking for about a
      UPI  -  73 words
    • 74 1 AFP JOHANNESBURG, Thur Prices on the Joahannesburg Stock Exchange leaped yesterday by an overall figure of US$575 million (5H.265 million, dealers said today. They attributed it to demand for gold on the international market. The jump was the sharpest since the heady days of 1969,
      AFP  -  74 words
    • 76 1 AFP TEHERAN, Thur. Iran may be forced to resume oil exports, in spite of the ban by opposition forces, because storage capacity has been fully taken up, industry sources said today. Oil output has resumed in order to satisfy the home market and reservoirs are
      AFP  -  76 words
    • 56 1 Reuter BONN, Thur.— West Germany today called few the departure of all foreign troops from Kampuchea. The foreign ministry said in a statement that the elimination of an independent Kampuchea would decisively alter the balance of power in the entire region, and put a question mark
      Reuter  -  56 words
    • 41 1 AP NEW YORK, Thurs. The stock market was mixed this morning. Hie Dow Jones average of 30 industrial stocks'fell 1.39 to 832.81 in the first half hour but gaining issues outnumbered losers 3 to 2. Trading was moderate. AP
      AP  -  41 words
  • Chief Price Changes
    • 111 1 Rises Pacific Dev 250 +5 Metro Hldgs Sungei Best Sin Chew 326 +2 670 +2 368 +1 Press 324 +1 Oriental Hldgs 550 +H U 4C 312 +11 T Harbour 290 +11 P Levingston 280 +11 Falls Be»<uniai 690 -15 Aryer Hi tarn Tin 1190 -10 M -Breweries 560
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  • Article, Illustration
    160 1 Rites Most Active S Mai Tin 1030 +30 S Darby 212,000 A Htaun Tin 1230 +20 iSgS" 1 1260 +20 15 15 K L Kepong 154,000 525 Consplant 129,000 Troaoto 730 H Par 89,000 Oriental 560 10 Total Turnover: 1.81m Sg Besi 680 +10 Total Value: Mj4.59m Kempas
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  • 348 1  -  ®y WANG LOOK KEAH SINGAPORE AIRLINES will be —the peeriMHty af Oytog to Chtoa la the <*aree tf the year. The talk af the gwiwt seeded to apread Ito wtogs to Chtoa wUI be carried eat tide yev, avtattoa aeareee Mid. ratetnneadeaa'i petoßttaf to
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  • 580 1 THE PORT of Singapore Authority (PSA) and the Singapore Refining Company (SRC) have signed an agreement whereby the former will finance and construct a single buoy mooring system costing up to US$27 million. The system is required by a consortium formed recently by Singapore Petroleum
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  • 355 1 PRESIDENT Carter's proposed austerity budget (or 1960 would eliminate 158,000 public Jobs and cut the government's giant CETA (Comprehensive Employment and Training Act) employment and training programme by US$7OO million (Ssl.4 billion). The budget also would eliminate 250,000 federally subsidised summer Jobs for underpriveleged young
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  • 160 1 A JOINT computer application committee for electrical power utility between Singapore, Thailand and Malaysia was set up yesterday. The Malaysian National Electricity Board's general manager. Tan Sri Datuk Abu Zarim, who launched the committee at the NEB headquarters, said it would discuss among other things, the extra high
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  • 227 1 REPORTS tbat Hongkong textile manufacturers are transhipping their goods through Singapore to London and <*i«Hwi«n they were made in Singapore have been laughed at by local manufacturers. London reports said British Customs authorities suspect Singapore as being one of the countries used
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  • 345 1 AFP INDONESIAN national banking circles sre concerned ewer a suspected money flight from Indonesia to foreign countries, notably Singapore, in the wake of the Nov 15 rupiah depreciation. To prevent such an outward flow, the National Bank executives have called for restoration of a degree
    AFP  -  345 words
  • 106 1 9CANDUTCH, a major dipping roaanHl has announced radical chsnges la its Far East Europe service la aa attempt to impws its services ami at the ssme time ensure itself a bigger share of the lucrative trade. The consortium, made up of six member lines, will offer a weekly
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  • Page 1 Advertisements
    • 10 1 COPIES ANYTHING. FITS ON A TABLE-TOP. SEEPAGES SEE PAGE It
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    • 126 1 ACBC Your link to world markets When the world is y.vui market vou'li need d hank with international capability an J service to handle vout dealings etticlentK and with a minimum ul hiss. Whatever your requirement and whenwr voui business uke von, we've got the rivtht connections fur you. Whether
      126 words
    • 15 1 SEE PAGES C* 12 KUWAIT paßi Ml 7, rOBKX I, TV A RADIO I, ML
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    • 123 1 AKAI il* DMHkP^(OM OT 1200 MM L DT 1700 independent consumer studies in the United States rate Ricoh's total performance consistently high. In the area of reiitblWy it has been rated fie highest over aft copiers in its class. Rfcoh pieces mora copters than any company in ttw world. A
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  • TRADE AND INDUSTRY
    • 502 2  -  By JOHN TAN RICE PRICES last year were nearly 25 per cent higher than they were in 1977 making it again the most important factor in the battle to keep prices down. Fortunately, flour and bread prices fell and this helped to lower
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    • 148 2 VOLVO has further expanded its facilities in Singapore with the establishment of a division to service the growing construction and forestry equipment market in Asean. Called Volvo BM, it will incorporate marketing, servicing and technical training facilities. The location of the division in Singapore
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    • 159 2 THE University of Singapore extramural studies department will present a talk on Problems of Science and Technology in Asia on Wednesday at the Bukit Timah campus. The speaker will be Professor A. Rahman, chief of planning, and head of the Centre for the Study of Science, Technology
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    • 383 2 THE UK-based manufacturer of powder dispensers, Engineering and Chemical Supplies (Epsom 6 Gloucester) Ltd., has won a 5J86.400 contract with a Hong Kong firm on the opening day of the Asian International Chemical and Process Engineering exhibition, ChemAsia, now on at
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    • 60 2 THE Registry of Vehicles has invited bids for motor car registration numbers in the EJ series, from EJ 6001 to 9999. The bids will be held from Saturday to Feb from 9 am. The numbers in the EJ series can only be used for first registration
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    • 516 2 AN ENGLISH company, that specialises in sealing industrial leaks in pipes under pressure, has established a branch office in Singapore. It has also set up a coihpany in Hongkong, Furmaul te Hongkong Ltd, and a branch office in Singapore. The newly-appointed director of
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    • 262 2 WINE production technology in Australia hat improved in recent years, according to Assistant Australian Trade Commissioner in Singapore, Mr Collin Messervy. He was commenting on Australian wines and wine making during a tasting of Tollana wines held by the Australian Senior Trade Commissiooer, Mr. Graham Rice,
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    • 226 2 W.R. GRACE and Company of New York has promoted Mr. BayaMi CJL Tu, a 42-year-old Singaporean, to the poet of managing director of its local operations W.R.Grace (Singapore) Pte Ltd with effect from Jan. 1, this year. Mr.L.R. Veator, Pacific division president, in announcing this, said that
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    • 525 2 COURSES AND TAUB Jan 3-Feb 21: Statistics for Insurance Employees, STFC, SITC Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, SITC Jan 13 A 20: The Effective Secretary, SIM conference room, Mr Tan Teck Huat Jan 8-19: Personal and company taxation (module 5), SIM
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    • 143 2 p*rta«at, yeiitrdtj deafted thai ike the departs ual mid be eee|fc»t tie ieptrtaeat S£*rteepl2Sl2? iUmTmuil ether What to Hhely to hu> pea h that a Npaiah Malwyheiy, filiMy h he kacwa ae the Me Develepaeat Ceaaell (TDC), weald he hratt The IDC naM have
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  • Page 2 Advertisements
    • 105 2 MITSUI TRUST Beacon of Progress MITSUI TRUST J >t( MITSUI T Bl!S' RANfc'Ni. COMPAN' Singapore Representative Office: Tower 1201, DBS Bldg., 6, Shenton Way, Singapore 1 Tel: *****53 Telex: ***** MITUITB RS Cable Address: MITUITRUST SINGAPORE Chief Representative: Kenichiro Yamamoto New York Branch: Telex: *****1 MBCO UR Cable Address: TRUSTMIT
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  • REGIONAL
    • 526 3 AP UPI THE UNITED States has reached agreement with Taiwan and with South Korea to limit the number of eolour television sets UxgJr countries may export to-this nation, special US Trgde Negotiator Robert Stftluss disclosed on nTiiiii 11y two agreements are Sat easing an
      AP; UPI  -  526 words
    • 284 3 THE Thai government has lifted its hotel construction ban tn Bangkok to ease the hotel room shortage which is likely to worsen. The Thai Board of Investment (BOI) announced this last (nonth following a fourmonth study of the hotel room situation in the city.
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    • 96 3 THE ISSUES facing the United Nations Conference on Trade and Development (Unctad) meeting in Manila neat May are economically sensitive and politically volatile, according to Philippine reports. The Daily Express newspaper, quoting a West European. diplomat, said the wood community faces total polarisation if
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    • 209 3 AFP DEVELOPING countries will get more aid in future for energy projects, the World Bank announced in Washington. Loans in this sector should reach US$l billion (SJ2-1 billion) a year between now and 1983. In the coming three financial years 30 oil or
      AFP  -  209 words
    • 183 3 AFP AUSTRALIA Is trying Is break ap Km ssfldartty sf Aseaa by srg ills Hag air |iltin with Ms ■Mini ladMdaaOy, a tap FUplas Jimsslsl saM May. Mr IMm Valeaete, velaraa esisssaist sf Martial Dally Bxpnss newspaper, said Aseaa ■mmmi "ata Mi
      AFP  -  183 words
    • 310 3 A DEVICE has been developed by an Australian company, Ironcore Transformers Pte. Ltd., to engrave wood, leather or plastic by means of an electrically-heated nib. It is now being used in art and craft courses in Australian schools, and in the rehabilitation and physiotherapy of the
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    • 613 3 THE PROBLEMS of housing and urban development are linked and, therefore, housing development strategies in urban areas in Malaysia has to be moulded relative to the major issues and problems of urbanisation. This fact is often neglected when housing problems are discussed. The formulation of
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    • 335 3 DESPERATE REFUGEES packed aboard a freighter deliberated yesterday whether and when to sail for Taiwan after the government delivered the final provisions to the 2,700 men, women and children anchored outside Hongkong's territorial waters since Dec. 23. While insisting that the Huey Fong proceed
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    • 61 3 Reuter THE Thai consumer price index row 1.8 per cent In October compared with September to 225 8 (base *****) and was 8.1 per cent higher than a year earlier, according to Department of Economics Statistics. The wholesale price index rose 1.7 per cent in October (base 1988)
      Reuter  -  61 words
    • 101 3 AFP A BIG drop in the number of Chinese arrivals from Hongkong and Taiwan into the Philippines has been noted recently following Philippine government restriction on the entry of overseas Chinese. The Evening Post daily, quoting industry sources, said that lately only a few
      AFP  -  101 words
    • 390 3 AFP INTERNATIONAL executives who came to Hongkong for this year's Ready-to-wear Festival praised the local garments industry (or the progress it has made. Sitting as a panel of expert opinion from Europe, the United States and other places, the dozen executives met
      AFP  -  390 words
    • 246 3 Reuter THE Australian government has appointed a five-man committee to look into the Australian capital market, Treasurer John Howard announced. The committee, chaired by Mr J.K. Campbell, chairman of property group Hooker Corp, has been asked to inquire into the operations and efficiency of the Australian
      Reuter  -  246 words
  • Page 3 Advertisements
    • 123 3 h m 1 m K J? 4 A >< imss r > '^M N r -a r V Join the happy crowd who have discovered the clean, smooth taste of Tsingtao beer. Brewed from th» mineral waters of Mount Laoshan and China's finest hops and barley. Tsingtao is the beer
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  • Page 3 Miscellaneous
    • 623 3 TWO-IN-ONE CRYPTIC PUZZLE ACROSS 1 Hard words for which Jack ha* a purpose (5) 6 Walter's handy, it seems 9 Trim circular piece in a hai(7) 10 R's fine to be like Alfred (5) 11 -MfeU-known name (or a Caledonian road junction 12 One way to shout (5) 13 Mothers
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  • RAW MATERIALS
    • 2213 4 A PERISHABLE PROBLEM NYT THE RAIN pelted the leaky, old warehouse one day last summer, a mysterious substance as viscous as lava and as dark as petrol ooxed under the doors and into a street of Riviera Beach, Florida, attracting swarms of flies and bees,
      NYT  -  2,213 words
    • 185 4 TUB FBagspae robber market yesterday dosed sHghtiy Wg*r with Febnary One RSS buyers quoted at 2XL2S «Bts par kflo, op 115 cents frMa^Wetoeeday 1 close, Afternoon prices were Influenced by coatlsned cbtaa acceptaaces tram both local aad Me—ln sectors with profit-takiag well abeorbed. Reports of "a state of alert"
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    • 284 4 Prtew m etna par kilo ywtardkr NM (»>M k» Ctaa (par hflp) hLlMJ-MflUlL taLlRAAM BOB BJW BUI BUB BLBN mTs hL lUllhr M.IIU UK/OnL hLiUJ. UK/Com hLlUJ. UK/Coat hLSUi. MB BUI BUI BLSO Q5J0 BUI BUI BUI BUS BUI BUM BUI BUM BUI B7BN BTB BLBN BUI BIBN
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    • 78 4 NOON SSI R *ad SMR pneat J Mill ill J RAf !*W tO Mmn |CHMWkl Mink nrtn kfitn U-taapafcO moo *****N mao 231-Son DUO mSON SSR 50 MUU moo mooN SMRCV Uioa palnl mao M1J0N mjo 141 &on KMRtL (l-ua moo mooN mm Z38Q0N SMRGP SMRi u-«a*ribu
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    • 120 4 SUGAR FUTURES trading was dull In Hongkong throughout yesterday, with turnover unchanged at one lot dealers ssid. March dosed at US 8.14/ 90 ceata against Wednesday's 7.99 8.25 dose aad May at 8.45/75 against 3JO/ 55 cents. Net open positions totalled 15 lots after Wednesday's trading. ju Mlm
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    • 169 4 YARN aad coOoa is HaagkOM wttfc prtem to HK dollars, qm tx-fo-down Ototoa yam CUaa Bm PkooataSiUM.«tet»;<toU»(par bateofWtoa). Ptoaa smOm CMaa ButtarQy aad CM* braad uaq; Dngoa Head naq; Fhw Laaka naq; Tkmm aad Itonartjr aaq; Hjtot Chaaa naq (par ptooa U toefcw fay yarfe). ratasH mm nan lsb
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    • 87 4 THE MALAYSIAN Minister of Finance hat And these rates far the period (rem Jan 18 until tardier notice: Bnhher: 238* cents a kilo; Cepra: Mfl.m.M a tonne; Pal* keenel: $955.75 a tonne; White psppsr: $4*01.67 a tonne: ■nek psppsr: $5,0».C1 a tonne; The rates of duty payable are:
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    • 137 4 WHEAT FUTURES stood higher at milk—lnn hi Qricsgo on Wedneaday after recovering from opealag taaaea of as much as three cents. With the nearby March paclag the turnaround, Prices gained tiro to V* cent a buafaeL The September waa unchanged. Traders, who characterised morning trade as mostly thin, attributed
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    • 840 4 ■U6AB: Raw sugar values ended yesterday morning £1.40 to £1.50 per tome higher in turnover of 547 lots. The market held steady throughout the morning with light mixed buying an short-covering maintaining Wednesday night's New York inspired kerb rise. White aigar futures were steady on some trade buying
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    • 66 4 CXP. North European ports. In U8 dollars per ton unit otherwise stated. LONDON: Wed Previous Malaysian Mtffa bulk per tonne M2alr 8umalra 5* 11 a bulk January •Hair 861", sir February OBOslr C6 6S7Vkpd March M2*pd «0 852v*pd AprU May/June unch unch oeopd M2J0pd Nigeria 5* f fa
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    • 291 4 smaarmw: Yesterday closing prices in S| per kilo exgodown: THAI WHITE 180 pel Aral dM (kangaroo): New crop OJB 100 pet mooed clan 0.81 1» pet third dm OJ7 8 pet M* crop ao aiock 810 pet tit THAI BROKEN A-euper OH Special OJC Uml rice 55 pet ao
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    • 144 4 Reuter AFP Til nrmtNAIIONAL m omm* has Hi 9* tfrnd ft* IMVI Its Mkr sftoeh S3Cl£iSt tlNr priee Mi' to ftlftvi the |r*dutlM af m par est «f Mp *li |W stoadi"" toy itoM «l aavytas li to (to U, to sftsisd, rat price nage wktak
      Reuter; AFP  -  144 words
    • 29 4 Rubber: Jan 18 Singapore: February: ***** cents (up 2.75 cents) Malaysia: February: 237.50 (op ISO cents) Tin: $1,750 (down $5) Official offering: 107 tonnes (up 20 tonnos)
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    • 314 4 MUCH AGAINST general expectation, pepper and coffee prices tended lower in dull and featureless trading on the Singapore produoe market yesterday. Dsalers here were apparently marking down their prices to bring them more In line with those prevailing In the London and New York markets. News that has
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    • 72 4 THE Straits tin price In Pen&ng yesterday fell IQS per picul to $1,750, |50 above the International Tin Agreement ceiling, dealers said. Values eased following Loodon's trend, and on a slight Increase in tin metal supplies, but the lower levels attracted some light demand from Japan, Europe and
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    • 119 4 SOYBEAN FUTURES cut leases in half in the fin*! 15 minutes of trade to doee V« to three cents a bushel lower. Soybean oil futures found late support on proftsstonsl and commission house buying to end 0.01 to 0.07 cent a lb higher in all but two slightly-off defer
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  • Page 4 Advertisements

  • OVERSEAS
    • 905 5 UPI NYT EXPERTS on international oil said on Tuesday the outlook for a quick resumption of Iranian oil exports remains dim. Both industry and US government sources predicted it would be at least two months before the world see a significant portion
      UPI; NYT  -  905 words
    • 90 5 Reuter EXILED Iraaiaa Masttm leader AyateUah Khameiny la France arged Ids snpperters to Intensify their strikes aad dems—tratta— la Iraa to overthrow the geveraaMat *f Prime Minister Shapar Bakhtiar. The Ayatollah haa called far another day ef msaialag la Iraa today. Oae of his aidea said he heped
      Reuter  -  90 words
    • 737 5 ARRIVALS Service Local Operator Number Tijne 1 From SIA MAS MAS SIA MAS MAS MAS CPA RBA GU SU SU MAS GU GU PAL GU SN SU SU SU KLM THAI MAS GU SU MAS SAS SU SU GU A'FLOT GU SEA MAS CAL SU SU SU
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    • 133 5 AFP MOKE THAN IM traders w Wrnj to fa*Carmen fatoai to stage i Best rtrtag prtees a 4r*p Om «f the rtx rtttoi faUewed by tbe tvmen City, «hm M tractor* fanaed Hbb several kttometres toag yesterday to spite st tateaee nU. Tbe Wssbtogtoe deans* •lisllea
      AFP  -  133 words
    • 110 5 Reuter A UNITED Nations organisation's proposal to provide consultancy services on setting up steel plants in developing countries received a mixed response at an international conference, officials said yesterday. Officials of the United Nations Industrial Development Organisation (Unido) which organised the conference on iron
      Reuter  -  110 words
    • 138 5 UPI ONE of the three biggest banks of France, Credit Lyonnais, reported on Wednesday it was swindled out of 37 million francs (5518.5 million), and named as suspect its English bank official who bought foreign stocks for clients. A bank spokesman said the official in charge
      UPI  -  138 words
    • WORLD IN BRIEF
      • 545 5 INTERNATIONAL financier Amos Da we was ordered on Wednesday to go on trial in the Federal Court on Feb 12 on charges of fraud involving losses of over US$l.3 million (552.9 million) by California banks. Da we, 44, was in court as US District Court Judge
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    • 647 5 THE American economy continues to roll along at a healthy rate, US government economist William Cox said after new reports of strong economic activity in the closing months of 1978. In fact, Mr £ox said the government might have to take new measures
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    • 282 5 Reuter NICARAGUA has stopped repayment on an estimated US$lOO million to $150 million (SS22O million to 1330 million) of public and private debt principal and is one month in arrears on repayment of some interest, informed Central American banking sources said on Wednesday.
      Reuter  -  282 words
  • Page 5 Advertisements
    • 136 5 Catch seafood at its best or night Each day, at the crack of dawn, our chefs may be seen at the fish market, buying the catch of the night. Fish. Mussels. Clams. Squids. Shrimps. Lobsters. All fresh from the sea. By noon, they have been washed, scrubbed and placed in
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  • 450 6 PRESIDENT Carter's proposed budget is a major reversal of the Democratic Party position. And it has been this position that has earned him and his predecessors the very substantial votes of labour and the minorities. President Carter won in 1976 on the promise that welfare
    450 words
  • 312 6 ASEAN'S stated condition that it will have talks with Vietnam only when that country withdraws its troops from Kampuchea, and the predictable stranglehold the Soviet Union has put on the United Nations' ability to do anything to resolve the crisis make it unlikely that any formal
    312 words
  • 1079 6  -  By N. Cervantes Depthnews Special IN THE early 1960s when the term "brain drain" first appeared in British dailies, it meant the continuous exodus Of English scientists to the United States. Today, the term has put on a painful meaning which almost exclusively
    Depthnews Special  -  1,079 words
  • 522 6 NYT AN economic system is like a giant mobile hanging from the ceiling: business or government cannot disturb one part of the system without disturbing the other parts. The economic Jargon for this is interdependence. A classic example of interdependence occurred during World War Two when
    NYT  -  522 words
  • Page 6 Advertisements
    • 321 6 toSb^FanlLDicfeas <&L THf. ?LFSN 9 P\HD lOeu COnr* TO FN CoRrIDIMO HfMT \N "W\( OF Nou*\O Rt ivy Vie Have A Great Thing Going US Come it and get i Lobster*. Barbecue. Or tempting a la carl*. The choice is yours. For a hearty meal, away from all the hustle
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  • Page 6 Miscellaneous
    • 856 6 TiVr&IRWIO PIG-IN-A-POKE WITHOUT DOUBT, the highlight ef taaight's viewiag abealrf he the decaaMatary ea the Hf e ef Marie Carle, whe dissevered radlam. Bat whether it heart eat ear reeemmeadattea, er taras eat ta he a rather dry reeeaattag ef the mala eveats ef her life, remaias te he seea.
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  • 873 7  -  By Donald F.Sinclair WHEN THE Western Nations decided in principle to gold out of the monetary system at the world they created a new international currency known as the SDR. This consisted of a basket of currencies, weighted by their market value and originally constructed to
    873 words
  • 498 7  -  (FORUM ...with W 1 John Drysdale AS EVERYONE knows, the total population of Singapore is a little over 2 million people. What is not so well known is that the island of Java, with its small neighbour Madura, will have to support 2
    498 words
  • 277 7 AS PART of the hotel's festivities for Chinese New Year, Marco Polo will hold the performance of a lion dance with a difference on Jan 28. It will feautre a symbolic crab made of bamboo sticks, in which one or two live crabs are to be
    277 words
  • Page 7 Advertisements
    • 382 7 1 I f c L/te up your life atVanda Live it up at the newly renovated Vanda Bar. Styled for comfort and good cheers itn»jQr|' Sing along with our *11 resident duet George David to your favourite request Happy Hours from spm -Bpm 30 X discount Singapore Oochid Inn 4
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  • INTERNATIONAL STOCKS
    • 326 8 JAM 17 Rand INDUSTRIALS A Alpha 140 4 A&ercora 290 uncft AX And CI 375 •10 AMIC 1300 Barlow* 530 •10 Cf Sugar Cn A 000 300 unci) -6 Cum* Finance 100 unch Da Beers Ind 1000 100 Ed con 3308 Edgars unch Evereadv 300 -5 red volt ".96
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    • 61 8 FINANCIAL TIMES INDUSTRIALS Wednesday 474.0 Tuesday 481.5 Week Ago 479.9 DOW JONES AVERAGE INDUSTRIALS Wednesday 834.20 Tuesday 835.59 Week ago 817.3® LONDON DOLLAR PREMIUM Wednesday 88W to 88 Tuesday 90 to 90M H.K.HANG SENG Thursday 540.37 Wednesday 540.44 Week ago 507.19 8YDNEY INDUSTRIALS Thursday 474.38 Wednesday 472.77 Week
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    • 1241 8 NEW YORK LATE firming by the dollar on assurances of West German Bundesbank support for the US currency allowed the stock market to finish Wednesday with a small loss in moderate trading. The market retreated early in the session on carryover selling from
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    • 179 8 JAN 17 C A trillM it* unch Alctn 11* Alfom* fl% unch Banfc Mont Bank Norm Scoua R«l! Tmi Bk in S« -1* Beth Corp BP Can Ltd 11H Brucan Camp fUd La* Can imp Bk Canpac r&nnftr In* Rf t jn unch ■k .Ik B<k 16hB uneh CarUnc
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    • 135 8 ICI AUSTRALIA Ltd., said it has committed more than US$lOO million to stepping up its capital expansion programme. Its annual report said most of the expenditure about (BO million will be spent in the current trading year ending September 30. The major items are
      135 words
    • 93 8 Reuter AMATIL Ltd. reported an unaudited consolidated operating profit of A 530.21 million (134.16 million), for the year ended October 31. Turnover was $966 million (1873 million), other income at <3.77 million (<3.81 million). Profit is after tax of $16.09 million (H3.33 million). Depreciation at $13.68 million
      Reuter  -  93 words
    • 205 8 Reuter HONDA Motor Co. Ltd., laid it will Mwmbte ISO to 1,000 cc motorcycles in the US from July, (or tale in the US and West European markets. A US$25 million plant currently being built in Columbus, Ohio, will produce 60,000 motorcycles a year,
      Reuter  -  205 words
    • 155 8 Reuter FALCONBRIDGE Nickel Mines Ltd. said it pi»n« to increase production by about 10 per cent at its Sudbury nickel mines. The company told union employees it plans to recall as many as 250 laid off employees during the first half of 1979 to meet
      Reuter  -  155 words
    • 597 8 TOKYO THE MARKET continued bearlah yesterday with attention mainly on fare-running medium-abed bfaie chips. However. reaourcea-related taia wck as Ntrnn Oil, Teikoku OH, Mltaul Mining and Arabian OU advanced heavy volume. <hw to newt that the aupply at crude oil will decrease owing to political uncertainty In Iran.
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    • 330 8 Source: SHK Sec Ltd PRICES improved In the morning wtcwi yesterday on steady turnover and bullish press forecasts by a leading local Investment company phia u exceptionally priced small land sale yesterday. This cautious optimism gave way under persistant profittaking and the market feel in the afternoon to leave
      Source: SHK Sec Ltd  -  330 words
    • 303 8 THE MARKET yesterday recovered on renewed buying after two days of profit-taking, ate the falls oo Wall Street London overnight, dealers said. BHP, Amatil, CRA and On- tral Norseman led the gains, with BHP rising If cents to $9.6 and Amatil 17 to $2.35 on its net profit rise
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    • 177 8 CHEMICAL New York Corp said 1978 income before securities transactions was a record U*****.7 million, 17.3 per cent over the $106.5 million earned in 1977, the previous high. This was $7.82 per common share compared with $7.03 in 1977. In the fourth quarter, income
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    • 172 8 THE MARKET closed lower across the board yesterday, although turnover rose sharply to 23.5 million pesos from yesterday'a 17.6 million, dealers said. The only gainer was CDCP, while Atlas Con B, Baguio Gold. Benguet Con B. Lepanto B, Marinduque B, Pogei, Pioneer, Ssafront, Meralco and PLOT all lost ground.
      172 words
    • 236 8 Ju M Saht Bftnk or Ada 2M -2 Bangkok Bulk J* -4 Bulk of Ayudhaya Ltd ITS unch Bangkok Metropolitan Bulk 1.M2 ThU OoMMRW Bulk M4 -a Laem Thong Bulk unq ThUDuiuBulk *94 ThU Farmer* Bulk 300 -1 Union Bulk of ThUland Ml Induatrlal Finance Bangkok In veetment unq
      236 words
    • 418 8 Reuter CITICORP and several other ma)or bank holding companies reported strong gains in profits for the fourth quarter of 1978 from a year earlier. The banks generally attributed the gains to higher net Interest income the difference between interest earned and interest paid on deposits
      Reuter  -  418 words
    • 63 8 Reuter GMBEL Mksn ssM It leal UB$m,MV daring Iks fearth fiscal faartar *vim > "th* year a«» psrisd. sithisl by the Saks Bseal Ifß, aari a Isss la The Gimbals department stares aid Saks rate saanagsnenis^as ?Kw»and wt llasasea IndasMss Ine whlefc, In torn, Is wMtyewaed fey
      Reuter  -  63 words
    • EUROPEAN MARKETS
      • 184 8 JAN 11 1 Prancs Acuoiu Butte* niimil— Br. m 1178 •1 -M AimuinRtf Brown Bonn Br. Cite Oalo Br. Cite Oaigy P C SN ISM im as ♦1 -B -IS -M Cite Oalp Dm Cradlt Sulaat Br m -4 2J#f -5 Cradlt Sulaa* IUf UaktrovaU Br. Oaorfa Flachar Br
        184 words
      • 183 8 JAN 17 Pla ARM 360.00 uneh Ahold 120 JO 0J SI JO -07 A1CKV MJO -OJ Amfti ***** -0.7 Am rot Bank 7110 MOO ♦0.7 18 W 06J0 0J BoU 7130 -04 Borsumy ***** 12 Burhmann 76.00 uncb Byenkorf *1 JO -0.7 Calve Delft ***** -16 Dell Kg 127.00
        183 words
      • 200 8 JAM 17 F*» ♦A CORBEILLE All-Liquid* 413 8 S N (Sonata Danorw MO car cnvofMoocty 4U CM hUMlM 6m P»tro>— 140J0 -4 unch -U ■U < o«M«St > 4»j» CradM rwuw -u Dt rrvu4 IM imniiii at MtrtMii M M Mm MlM 5T nSiiai OMB M) U MMit a
        200 words
      • 94 8 JAN 11 Ft» 47FORWARD MARKET Acac 447 -i Arbad U7C unch Astur fw ■34 Brucan rn -11 Bru-Lamb IOC unch Canpac fx no -14 -14 D* BMW If! -1 KbM MM unci) Ktactrobal Ob-Inno-Bm On 0700 MM 1410 -90 -10 -10 Hobo* *7» -10 Patro MM -M Rjrl Dutch
        94 words
      • 183 8 JAM 17 Dm 4-/-A«f-Tti*runfc«n Akao Alls Laban Alia Vara BASF B*jr H T Wbank Bay Vbank 7*40 a jo HUO 0-2 -1 4-S -U -a ***** 300JO 31 MO Btnr 136«0 -1.7 BBC *****8 •1 BMW 236J0 41.4 Cuwll* -0 Chem Varw ComiuriteDk Contl Oummt □aimlar-Bcni 275.00 mao auo
        183 words
      • 82 8 Reuter CANADIAN Finance Minister Mr. Jean Chretien said the CSBOO million new issue of government bonds comprises |7S million of 9 3/4 per cent 1982, 9225 million of 10 per cent 1964, and 1500 million of 10 1/4 per cent 9004. The Bank of Canada agreed to take
        Reuter  -  82 words
    • 158 8 NYT TOKYO has asked Washington to hand over all Information It has concerning alleged secret payments In Japan by McDonnell Douglas Corp. Quoting sources In Washington, the Yomiurl Shimbun reported that American authorities are reluctant to supply the data through diplomatic channels.
      NYT  -  158 words
  • Page 8 Advertisements
    • 393 8 r-r-T^ai: II KILLING TIME by Sandy Fawkes Sandy Fawkes felt like screaming inside. The man she'd spent six days and nights with "a cross between Robert Redford and Ryan O'Neal" had just been revealed as a mass murderer, rapist and a pervert. Sandy lived to tell her story because the
      393 words

  • BANKING AND FINANCE
    • 468 9 Swiss confident of continued defence Reuter SWITZERLAND'S Finance Minister Georges-Andre Chevallaz said the US authorities are determined to continue to defend the dollar. He told a press conference following a meeting with s US Trauury delegation that he was certain the US would set with vigour to counter any re-emergent
      Reuter  -  468 words
    • 104 9 Reuter THE Norwegian bank, Hambros Bank Ltd is leading a USJI6O-million floating rate syndicated loan for the shipping companies, RA Hadrian and RA Trajan, which are owned by Norway'e Reksten, Group, a senior Reksten official said. He said HOO million will be used to pre-pay
      Reuter  -  104 words
    • 242 9 Reuter THE Japanese Finance Ministry is considering a Thai government proposal to issue a bond of about 10 billion yen through public placement on the Japanese capital market. One problem is that under unofficial guidelines of Japanese underwriters, a foreign issuer on the domestic market
      Reuter  -  242 words
    • 99 9 Reuter THE US Federal Reserve Board said it temporarily discontinued publishing data on US banks' Eurodollar borrowings from their foreign branches as part of a major revamp of its condition report of large commercial banks. The Fed said that because the figures were only
      Reuter  -  99 words
    • MONEY AND EXCHANGE$
      • 419 9 THE US dollar was traded firmer against major currencies on the foreign exchange market yesterday as the Bundesbank came out strongly in support of the dollar. Opening at 196.50/60 against the yen in the morning, the dollar was quietly traded in the Far East market to 196.70/80 by
        419 words
      • 169 9 Asian rates ASIAN currency deposit Interbank rates as at close on Jan 18 USMUrrtW) Offtr Brf 7 (toys 10 7/1# 105/16 1 month io*. los 2 months 11 ion Smooths lm im «months 12 11* 9 months u 15/*****2/16 12 months 1115/1611IV16 S»M Dm. /MUJL m 1 month 3 months
        169 words
      • 52 9 Ummgm of w rfeM afftfW by diftoowit fcooi •M Ju 18C Ortrtl(kt 4H* Call ItpMlti 4'* to 4Vt% Omtmt Bb,,!, i, Ml Smooth Mymg 1—g Treasury bUla 1 4 7/16 4 5/16 Smooth Bank bills 7*4 7H Smooth CD 1*4 TH 6 month CD 713/16 711/16 Source: National Discount
        52 words
      • 234 9 GOLD FUTURES In Singapore yesterday closed generally higher compared with Wednesday night's close in moderate trading, dealers said. Opening quotations were marked up between US$2 to 13, reflecting firmer overseas gold prices and thereafter prices fluctuated marginally throughout. Turnover fell slightly to 142 lots from 173 lots on Wednesday.
        234 words
      • 46 9 AUSTRALIA/N2 exchanges yesterday: US dollar L144Z l.IJM Slorbaf Ii573( OJM Ninety-day air mall bnytac raiaa: attritat ojrn US dollars 1.1M Ninety-day forward boytef r%tta: s»ertta« asm US dollar* 1.1305 New Zaalaad: stcruag —asm/as* US dollar LM/LM Ntoety-day airmail taqriaf rales SWrttof urn US dollar L10I3
        46 words
      • 40 9 THE average rata at which Singapore banks are currently prepared to lead to their beat cuetoaera ia 7.75 per eeat. OCBC exchoi THE OCBC MM nge rate index BlfkM Un (w the rtoyteUMI pet cm11> re* top it *S!Ztr£l
        40 words
      • 259 9 THE DOLLAR in London yesterday opened mixed but basically steady against Wednesday night's levels and Far East trading in a quiet market, dealers said. The US currency stood at 1.8385/95 marks, easier on Wednesday night's close of 1.8420/30 but hsslrally in line with the New York and Far East
        259 words
      • 206 9 THE US dollar for overnight delivery In Tokyo yesterday dosed firmer at 196.85 yen, compared with a 196.50 opening and 196.80 at Wednesday's close, dealers said. The US currency edged up in light late trading on renewed Import covering by Japanese corporations more than offsetting dollar selling by foreign
        206 words
      • 127 9 STERLING EASED from US cioeing levels overnight oa wax European ailing in late trading in Hongkong yesterday, dealers aid. Sterling (tapped to a late USII.9MO/90 from New York's 2.0060/30 close on concern over continuing UK industrial unrest, they said. Mfamrhfli, the US dollar was quoted marginally higher than New
        127 words
      • 20 9 FRANKFURT exchanges opening quotes yesterday: us. l*V« L5«/» Sf UIMK Dfl nJK/V MiJS/lMJI ui im/m f*- B T un/a
        20 words
    • 433 9 Reuter THE state-owned Development Bank of the PhilipPines (DBP) plans to float up to USPO million in bonds in Europe, possihiy within the next three months, vke chairman Jose de Ocampo The bank hopes the issue will eventually serve to qualify it in the Japanese public
      Reuter  -  433 words
    • 342 9 Reuter US BANKS offering sixmonth Treasury bill linked deposits must now compete with s new investment fund sponsored by three major brokerage firms and also aimed at the small investor. The little publicised fund is sponsored by Bache Halsey Stuart Shields Inc.,
      Reuter  -  342 words
    • 149 9 Reuter THE Swiss National R«««ir will not be setting a target for Ml money supply growth this year. The hank made this announcement in a statement released in Berne after the recent Cabinet meeting dfecusKd monetary policy. For 1978 the h»i»ir had set
      Reuter  -  149 words
    • 95 9 SEARS Roebuck Co.'s proposed first yen bond issue in Japan, the tint by a foreign corporate borrower, is likely to come to the market by the end of March. Sears proposes an issue of about M billion yen (SUM million) without collateral, as an
      95 words
    • 28 9 Reuter IB hand af the Bank of CMna was ansisd as Mk| n group sf UB senates* vtaMag Peking flint II wenM he a
      Reuter  -  28 words
    • 91 9 AOBIBALUN Tiiiiwi the By*wy Pitmnm^Rx iti| ih, tfce aeku|< (feifeMi Mr. C M. I»H nil the prmt, vulw m Mrty HOT «NHMihlliSh! !^T^rrS^ eeatrel palley which •nlilM MHHIM »■< ArWtrsfc <rf the watneti fete. At Mi M afftm ttkMMN OaHiHM|li Mk| an fleperija^aai mi aie
      91 words
    • 492 9 Reuter THE US Treasury Department sold one million ounces of 995 fine (old at Tuesday's gold auction at an average price of U*****.71 an ounce and 500,100 ounces of 901 fine gold at an average 1Z1&22 an ounce. The Treasury received bids totalling 5.5
      Reuter  -  492 words
    • 159 9 US SENATE hanking committee chairman William Prazmire Mid he would Introduce legislation to increase control of money supply and limit credit. The legislation would requiip all commercial banks whose demand deposits and transactions accounts or whose time snd savings deposits esch exceeded US$4O million, to
      159 words
    • 77 9 IRAN'S commercial rial rate remains at 70 J5/65 to a US dollar and has not been devalued as reported in the press, indicated a spokesman for Bank Melli Iran, the 100 per cent government-owned com mercial bank, in Teheran. But he added there had
      77 words
  • Page 9 Advertisements
    • 352 9 A HOME? 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 for in the new LEISURE TIMES supplement that comes with Business Times every Saturday morning. If you are
      352 words

  • DEALS DONE ON THE SES AND KLSE
    • 1506 10 Bljj and offer prices officially Halted and business in and reported to the Stock Exchange of Singapore yesterday with the nufcber of shares traded shown In Brackets in lots of 1,000 units unfcss otherwise specified. m\ Time Settlement Contract* ar&quoted after the word "sett". ■g Board deal (in lota
      1,506 words
    • 127 10 4 1/8% 1/8/80 (250X100) (99.228 *****) 4 8/4% 18/9/80 (250.000) (99.528 99.606) 8% 18/4/81 (250.000) (99.658 99.708) 8% T F 1/8/88 (250X106) (100.108 *****6) 8 8/4% T P 18/8/81-84 (250.000) (102J06) 7% 18/4/88 (250X100) (100.758 100.906) 7% 1/8/88 (250,000) (100.658 *****6) 7 1/4% 18/4/88 (250X100) (100 JOB) 7
      127 words
    • 97 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 brack"hM P (March (0.448 0.545). Bwt Ship (March $1.25) (0.288 0.375). UB (March 11.15) (OJOB
      97 words
  • 127 10 (HHMfn* (rtMkrJHll) The Coumera t LIS LB The Savin* P*j ad LM L« S pore Prog Pi nd 0* 1.00 S pore Sec Py nd LIS LM S'pore Iavcat 1 had LM LA IUI M^brvaSTta mVTRUT irtMkr IhH) ad LM LS Mai Pro* Pun i LM LISBd Mil
    127 words
  • 2565 10 Hi(k Cow Company Last Sale +orGr's Dlv Div C*r Gr's YTd Not P/E Vol COOO) Day High Low SECTION ONE OKs INDUSTRIALS -'tw .,,338 i-! 5 132 123* 107 133 196* 50 Aetna Alcom Allied Choc BAT Bat* Ben 207 185 118 156cd 275 67 unch -1
    2,565 words
  • 1355 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS Alcam (1.928 1.938) (2) I#3 (1) 1.92 Al«i Maid (1.158). A
    1,355 words
  • 415 10 QUIET AND suhiUliu tradtog was still very seech the srder «f things at Iks Stock «f Blagapare yesterday. Treadwtse, It was teach and ge thraaghint the *tt weald appear that totag the careat tall, the grata tram to?ML There was harder any
    415 words
  • 603 10 PLANTATION stocks were again the outstanding features in an otherwise dull and lethargic market in Kuala Lumpur yesterday. These shares, in selective trading, received moderate investor support to close with fair gains. The New Straits Times rubber index, reflecting the fairly steady tone
    603 words
  • 66 10 ■erjaya Kmt M: EOGM to be held at Jalan Utaa,Shah Alam Industrial Estate, Shah Alam. Setaagar, at 10.00 am tomorrow. Chla *Hk P1ia<iMi«»r AGM to be held at No. M, Jalan Patimah. Bats Fahat, johore. at 10JD am oo Jaa a. cycle aat Carrtap LM: AGM to be
    66 words

  • COMPANY NEWS
    • 1490 11  -  IT SHOULD be a good year for Wearnes, despite noticeable signs of a slowdown in ear sales in Singapore towards the last quarter of 1178. Wearnes has been able to increase its market share in Malaysia and Singapore because of the introduction of new
      1,490 words
    • 352 11 Carraat Ex Booka Date Total for Total for Paymcat Data Close Payable tka year Prrriou yi Petaliag Tin 80%(n) Dec 7 Dec 19 Jan 19 120% 80% C*C 20% Jan 8 Jan 13 Jan 22 30% 24% Ckia Tack 7.5% Dec 29 Jan 11 Jan 22 15% 20%
      352 words
    • 120 11 Coapti; Particulars Ex Date Books Close BtrJtjrt Kawat Bonus Issue of 1 for 2 Jan 9 Jan 19 Rahmaa Hydraulic Bonus Issue of I (or 2 Jan 16 Jan IB c c Bonus Issue of 1 for 2 Feb! Feb 19 MBS Righto Issue of 1 for 2
      120 words
    • 679 11 MALAYSIA'S Permodalan National Berhad, the operating wing of Bumiputra Investment Foundation, expects to launch its first unit trust operation: by the end of this year. The launching of the trust fund is a top priority project for the company, said Endk Desa Pachi, chief executive
      679 words
    • 40 11 DESPITE ft nhlNj jjjjjr AM«m, the ■HtSrs tf^iiSnM ■tins tk< this will krifuOTM stake In the ftaaaee ewpMJ to M.M per eent, ft *ade Iswer timm Beag Lhii IT—bii i hhMtrf fU percent Iftth asrttss' sffers clwlwM,
      40 words
    • 121 11 UK §0Q02»» by HOCK LOCK SIEW THE POPULARISATION «f arttraato m togleal lay d >—ilf -""J toJTtte ■hareewtll IhnhiMto theepea market E«M!|ißinttL k ekW After al, torn to oaetoi im piielu SrtStol JriJt |.%T£ UMN Y rZ^k Majtoi >*« Tto Bamh toJSS>j*£ nay
      by HOCK LOCK SIEW  -  121 words
    • 64 11 CYCLE CARRIAGE has advised the Stock Exchange of Singapore that duly completed transfers received by the company by the close of business on Thursday, Feb 8 will be registered for the purpose of determining entitlements to the proposed one-for-two bonus issue. The company has also applied for listing and quotation
      64 words
    • 338 11 like to buy a trustee status stock that gives a dividend yield higher than the dividend declared? The stock referred to is South Pacific Textile Industries (SPTI) which at the current market price of about 95 cents, gives a yield of 10.5 per cent on the 1976/
      338 words
    • 97 11 psrtlnwt si tfcto time tar ate imM reMm that MetajiNl briktig (Ira Charles BnAni Ce (1») Sda Bhd to stm urnm iriHlMJf fIHpHHHBe gtvea tar Ike MpMki «u ttat «e tke tap partaen had tailed to rewt kto iael er*i Be we. He had to taet —fcwlrtiil aa
      97 words
    • 266 11 strange is going on at Metro Holdings if yesterday's 10 per cent appreciation in its share price is of any validity. Although one can attribute the firmness to better overall market sentiment, to see the share price moving by 24 cents to come Just 6 cents from its high
      266 words
    • 68 11 has announced the payment of an interim dividend of 8 cents less Income tax in respect of the financial year ended Dec 31, 1978 to be paid on Feb 15 to shareholders registered in the books of the company as at Feb 8. The transfer books and the
      68 words
  • Page 11 Advertisements

  • 940 12 Reuter UPI THAI Prime Minister Kriangsak Chamanand said yesterday Thai armed forces are maintaining a strict vigil because Vietnamese troops in Kampuchea are approaching the Thai border. General Kriangsak told Japanese Prime Minister Masayoshi Ohira forces loyal to the Pol Pot government
    Reuter; UPI  -  940 words
  • 230 12 AFP KUWAIT has abandoned its plan to help finance the construction of an oil refinery at Batam, south of Singapore, without any reasons. The U551,033 million (552,273 million) plant may not be built because Kuwait has cancelled its plan to finance the construction,
    AFP  -  230 words
  • 189 12 THE MINISTER of State far Flsasee, Mr. G*h CM Tsag, hn mM m Autnll* to p«itp«ae ißpiWßMthlg Its lew aviattoa paUey la the Hgkt ti Ite laealealaMe tep •a Aieu Alteraatlveiy, It eaali ■till hiumMct aal altow ail Amu ilrihw to pwdel
    189 words
  • 106 12 SEABB ROEBUCK (Vb prtpiwi flfsl yc® Isaac la Japan, the first by a foreign earparate barrewer, Is likely to tmme to the aiarfcct by the tmi at March, aeearfSears pnirni aa km af abeat t$ MM— yea mllltoa) wtthaat eellatoral, as an exoeptfoa
    106 words
  • 66 12 INDONESIA'S tin exports earnings last year increased by 24 per cent, reports in Jakarta said:- yesterday. Buoyed by this significant increase and future tin prospects, Indonesia the third ranking tin producer in the world after Malaysia and Bolivia is planning to raise its annual production capacity from
    66 words
  • 314 12 AFP CORRUPTION has staged a comeback at Indonesia's principal seaport of Tanjung Priok, Jakarta, where businessmen have to bribe up to 35,000 rupiahs (Ssl22) to have one document cleared by the customs. Delivery companies and businessmen at the port complained about the comeback
    AFP  -  314 words
  • 113 12 Reuter BRITISH trade in manufactured goods with newly industrialising countries has so Car had little impact on British employment. A UK government report by a working group of senior government officials estimated that the increase in imports of manufactured goods from these countries between
    Reuter  -  113 words
  • 440 12 AN AMERICAN chemical company will be going into a joint-venture with a local firm to set up a |3 million factory. The local company, Yik Lee, will hold a 51 per cent interest in the chemical manufacturing venture with The Service
    440 words
  • 679 12 LONDON, Thurs. The market closed firmer today in response to buying at the lower levels, but trading continued at a low volume due to the prevailing industrial disputes, dealers said. At 3 pm, the Financial Times index was OJ2 higher at 474.2. Canadians were easier in quiet trading
    679 words
  • 391 12 THE PERAK Chinese Mining Association last night again called for a review in the price range of the tin buffer stock in order to cope with the high production cost and give the industry a healthy and stable atmosphere. Speaking at the association's annual dinner in
    391 words
  • 123 12 UPI AFP THE Tskye Stock Frriini will ewe Bstoi the market, exekuge sflletek mM yeitoriay. The efflcfak nU (fee exektage will rwtoee levies toe II BM tenigs flraM ky kalf to early March mm part «f a stop to Ugh tea their expense*. Bnm sf
    UPI; AFP  -  123 words
  • Page 12 Advertisements
    • 132 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are quoting the following for Singapore Dollar term deposits up to *****.000 1 month 5%% p.a. 3 months 6V«% p.a. 6 months 6V«% p.*. 9 months 6V«% p.a. 12 months 6Vi% pJL Savings 4V«% p.a.
      132 words
    • 0 12 >'>'{)@[%^-*=~(~+%&[*{)),:"-"}$
      0 words
    • 3 12 Leader... Pap I
      3 words
    • 222 12 OIMfTED CHASE MERCHANT BANKERS LIMITED ANNOUNCEMENT OFFER BY UNITED OVERSEAS BANK LIMITED TO ACQUIRE THE WHOLE OF THE ISSUED SHARE CAPITAL OF SINGAPORE FINANCE LIMITED. The Directors of United Overseas Bank Limited (UOB) are pleased to announce that the Offer by UOB to acquire the whole of the issued share
      222 words
  • Page 12 Miscellaneous
    • 171 12 iWEAT;HERi RAINFALL for the first 16 days of January was below average though the the north-eastern part of Singapore received between 50-70 mm of rain for this period. The southwest coast with less than 25 mm of rain for the same period experienced the lowest rainfall. No rain has fallen
      171 words

  • SHIPPING TIMES
    • PORTSIDES
      • 88 13 Reuter THE WEST German Cabinet on Wednesday has approved a 660 million mark (5J726 million) aid programme for the country's depressed shipyards, a government spokesman said. The aid will take the form of subsidies worth up to 20 per cent of the cost of a new vessel, averaging
        Reuter  -  88 words
      • 69 13 AFP AN Indonesian-owned freighter was held up in Cebu city, central Philippines, following a controversy over the unloading erf its fertilizer cargo from Japan, it was reported yesterday. A city court in Cebu, 552 kms. southeast of Manila, issued the restraining order on the MV Lucidity because
        AFP  -  69 words
      • 123 13 AP THE Danish share of world shipbuilding in 1978 decreased to 2 per cent, compared with the 2.6 per cent in 1977 and 3.1 per cent in 1976, the -Danish Shipbuilders Association said in its annual report. The report cited competition from shipyards in South Korea, Singapore, Brazil,
        AP  -  123 words
    • 592 13  -  By RAHIM KASSIM SCANDUTCH. one of the major consortia operating in the highly competitive Europe-Far East route, is out for a bigger share of the market. It has announced changes in both its container and conventional services which will take effect in February and March. A
      592 words
    • 203 13 UPI DETAILED evidence of the expected North Atlantic grain rate decline came to light when Tradax field the Aegean Neptune from the US Gulf to Holland with a 55,000-ton Jan 22-27 cargo at US$B.25 (5J18.15) (FIO), showing a dip of |1.25 from similar fixing towards the end
      UPI  -  203 words
    • 170 13 Reuter CONTAINER ship orders showed the only increase in the depressed world shipbuilding market in the 12 months ending last October, the Bremen Institute for Sea Transport Industry reported. It said orders for container ships rose from 356 units totalling 4,071 million deadweight tonnes (dwt)
      Reuter  -  170 words
    • 109 13 Reuter SIM, the Israeli aavlgattsa maps ay, plans to on a large state expanslea programme that will Increase Its fleet by IS vessels within the next three years, a rrepij aid. He said the Bat bsart sf directors wUI prehahty Snnrt Mth^th*the parrihssr. Zlm
      Reuter  -  109 words
    • 3122 17 SHIPPING LIST where your ships are due and when SCHEDULE A guide to ships loading at Singapore for Ports around the World 1 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
      3,122 words
    • 555 17 Shipping Line Pi* CM ACS 1 5 Afea IV 3 Aguila IV 2 Alpac IV 5 Angkutan IV 3 ANL I 1 APL m 2 Arya Nat n 5 ASCL m 5 Asia Merchant m 4 Atlas V 3 Aust.Cont IV 5 Bank n 5 Banner Maritime V 4
      555 words
    • 936 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 ShiDDinff 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
      936 words
    • 887 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 (CNAN)—Unipacific. Alpac Line—
      887 words
    • 1379 18 Lloyd's List UNDER the cmtchphrase "our own cargoes by our own ships." one of the most rapid fleet development programmes is taking shape in a small Far Eastern country better known (or its controversial development as a major world shipbuilder. South Korea's
      Lloyd's List  -  1,379 words
    • Article, Illustration
      406 18 EXPECTED ARRIVALS TODAY USPPEL WHARVES Barge S 51 (1000 after LS 86 Barge) B/15 Bunga Bindang (1360 after Bunga Gelang) B/19 Cheung Chau (1430 after Dalhaku Maru) B/27/28 Golden Globe (1300 after Golden Eagle A Ta Tong hauls) B/24 Kapitan Gribin (1830 after Palm Sea Horse A
      406 words
  • Page 13 Advertisements
    • 330 13 Europe Our Next Loader Port Kelang: 3/21 Singapore: For further details, see page 3 <s§* I ARDIM AMAH Orient Overseas Co*dcineA Line FULLY CONTMNBUSQ) *PTUK CORAL 11W* 24/1 25/1 CKVMJDI nut 14* 3/2 5/ 2 KPTIK nun. 13* 16 2 17/2 CICMIO *021 12* 21/2 22/2 KOttAN NEST EXnESS IN
      330 words
    • 198 13 m SEALORI) ANTAH m UASC UNITED ARAB SHIPPING CO SAG) it m a ■ARABIAN GULF WEEKLY SERVICE! S pore Loading for BAJJAH SEA DIRECT S pore Loading for SEALORD SHTPMG MENCO (Uf. Na. 242K5/00C) 3RD FLOOR. MMMA HOUSE. SMGAFORE 2 TEL *****94 TELEX NO RS2S4I9 CFS OfC fSA Godom No
      198 words
    • 182 13 NEPTUNE ORIENT LINES LTD +N. COMI S part Ctaw, ISM 11 Fob Fa* 71 Fa* IMB Site IS Um 11 ahr 21 Mb 17 MB 27 Har 23 Mm i«pi nam ra MM a i La TiM a i IE STRAITS/AUSTRALIA A wmrtom «f Im Dm Cmmrtt TO AID FROM
      182 words
    • 565 13 Australia Our Next Loader Port Kalanq- 7/2 Singapore: 5/2 For further details, see page 3 MAERSK LINE 23/2 FULLY CONTAINERIZED FAST DIRECT WEEKLY Bailimor* n FROM Europe (Via Sum) WTABMWIS Ctora (bank S. 24/1. I ETA Port Kaiang I ETA Singapore v* nn Wt 18/3 11/3 l/J LIVE SH SEN
      565 words

  • Page 14 Advertisements
    • 660 14 (Hapag-Uoyd FULLY CONTAMERSED TO EUROPE EXPORTS EXPRESS CONVENTIONAL TO EUMPC S'fM Pletaa( Pm Mm Gcmi lfte| Bmm Rta Mtiip Pari Is 29/1 31/1 Prttr R» 16/2 18/? 3/2 27/2 24/2 21/2 23/3 14/3 4/4 12/3 9/3 7/3 2/4 29/4 27/3 FULLY CONTMOtSED TO GEMM/TRCSTE Akmama Eiproj S'prt Saitrt 5/2 P
      660 words
    • 366 14 IsssS borber blue sea frmc IB ATUNIIC US G*J I EAST CMMM 2 f mm M/1S 9 Mv 1/4 N*i« brat "T10S" 6.1-1 "TMAYTAY" 1m 31 Te: US ATUIffIC US GULF t EAST CANADA SttL ii lot AnfHei San Frmcsco lMt/3 2*24/3 19-M/l IWI/1 23-24/1 j 11-11/2 Sa» FtadK* 25-21/1
      366 words
    • 584 14 EVERGREEN LINE E MARiNE CO&POf;i T :ON FAR EAST/RED SEA, 1 EXPRESS FUU. CONTAIfR SERVK ALSO ACCEPTMG CARGO FOR GENOA. LATTAKIA BE RUT ALEXANDRIA. BENGHAZI. TRVOLI (ÜBYA) Tpmt 'MM Nrt Utt UMMtf Ltftan. F« Ewhn »ln IIU UM 17 F* 21 F«k aFA 73 F« FmMastor (f* 1» F«a 23
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    • 1016 14 Everett Lines "VIJR M E A P feppn P. I<N fmrn NTMOHM WHTM 7/11 Hb 11/12 Fab" 13/14 Fa*" CyA Transportaaon Maritima Mnictna S. A. I "MEXICAN NATIONAL LINE" fm usT/mco »central amemca "aa Ml Mai* «t laA|" 10ADMG FOR ENSENADA MANMMLIO ACAPULCO ACAJUUA CONMTO SAN )OSC. PUNTMENUS (COSTA IBCA)
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    • 633 14 7 f f I OCEAN SHIPPING ENTERPRISES PTE LTD RM 10? 2103 21 ST FLOOR MARINA HOUSE SHENTON WAY ROAD SINGAPORE 2 TEL *****44 7 *****70 ISi SANKYO LINE AUSTRALIA SERVICE wrnma MAY CARP YUE MAN MPart Sated 21/22 tim 23/25 in 1/2 Feb 3/4 Feb BRB. STD, MELB BROOME.
      633 words

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    • 868 15 OC.C Overseas Containers Limited COWTAiERSHP TO IM/COWIPIT: CONTAMRSNr SERVICE FROM UK/COOTMENT: SIM PMang S pore Nut Parti Salad SM 20 tan »ha H laa aim »tea M tea 2 Fab 1 Fob U* IF* Safcd 31 iaa Ift m KS mm Ift It ft HK. KS II tm II ft
      868 words
    • 885 15 GRANARD LINE RELIABLE t DEPENDABLE NON-CONFERENCE EXPRESS SERVICE WEST BOUND-fM EAST/MEDITERRANEAN M.» MM FUNG V.2IMMV AMONG FUNG K.23M M.V MM TAT V.22W Spare PAelani N«| SaM 20 la (Feb IF* 22 Feb 24 Feb M.V MM M H.24M 17 Mar 2D Mar 22 Mar ALL VESSELS ACCEPT* COOT AMI CARGO
      885 words
    • 683 15 BEN LINE CONTAINERS CONTAM9 SDNKC TO/nOM M BOW B HMCN Spore P ldM| w Germany Austria t R DAM HA *W SO ntverp France M Or* t**w* lAiEipmt Osaki by Qbe Mara fROMOMOPt H'BURG 6 HAVtd 0 OAM HAVRf SOION GwMOj AirsJrii Beneiui franc* AR UK P Keiang Tatat Eipreo
      683 words
    • 400 15 1 Scan Dutch 9 iVi I• >i I]: i>l friTi »7111 :fj ¥«nw I: Fttfar fcta f I*l fas* 3) fat* 4) Owi EASTBOUND FROM MED/UK. 1) Cfar, J) Wtorj 3) I n I) I«M> 5) It* Hi* P wt« Spc UM UM UM faM a/1 M SM faM M
      400 words
    • 569 15 GUTHRIE BOUSTEAD THE BANK LINE LTD. LVKES ORIENT LINE EXPRESS SERVICE MRECT FROM SMGVORE TO NERI ORLEANS, MOBRi, HOUSTON. GALVESTON ALSO ACCEPTMG CARGO FOR BANGKOK. MMRLA. TAIWAN. HONGKC PUSAN AND JAPAN PORTS. vim nm im (•Ml) SINGAPORE *****4 PT KFLANG ****** KUALA LUWL'R *****) PENANG *****1 PC FESCO LINES MORM
      569 words

  • Page 16 Advertisements
    • 891 16 > K LINE KAWASAKI KISEN KAISHA. LTD. TO EUROPE KPTUK COM! UN C PAUL 14N n run uw caoa i 2« RN EXPRESS IN 74 Jan 25 lan 3FA SFA 16 FA 17 FA 21 Ftk 22 Ftk 27 Fck 21 Ftk 11 FA 12 Ftk 21 Ftk 22 Ftk
      891 words
    • 797 16 ®3' U.S.*./EAST CANADA SERVICE accjpttng ra/ia can wets from penmg. p. kelang. store Laadtat tar TOM. MKOU •wshva urn- (Mu a sa>. -a kan- (m-a sen kR/ilk 1/ 2 Ikr 21/21 Fab 24/75 Fab 21/21 Fab E.C./GREAT LAKES SERVICE Lu*| tar NORFOLK. KW TOM. MONTREAL. TORONTO. ASHTABULA. OETROIT. CMCAGO Penang
      797 words
    • 522 16 IT r r< >i 11 > SINGAPORE SHIPPING AGENCIES PTE LTD ■•I '.!V«A A f AH S M .4- A b Sfr SIM, \PORI IS/ \/)S OLE EAST REGULAR LINER k SAFE WAV TO SHIP BVSSA DSRLINES fast sekb-contamb soma fmtmm: Spore P Alang Pen** R dam twp Htwr| Host
      522 words
    • 396 16 «M/«4YSIAN INTtRNATtONAL SUPPING CO*PO*ATKN BfKHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA RBTROMfc Feed* *f Aetan| Vessel 3) H bw| 4) Gburg Also Acceptmt For 1) Barcelona Genoa 2) Amsterdam. Antwerp I Havre BdDao Baste UK. 3) Bremen Bremenhaven Aartwv CopenHann. Hetsmki 4) Maunc StocUMm Oslo •Accejrtiat Earope car|o tor teeder
      396 words
    • 608 16 INTRASEA (PTE) LTD. f ,iher MoubP «34E Ro<*C Singapore 9 Telephone J3526H 235-1 C pn rum tMMi Nki kM Hki Ul/Ann/Minry/ 21 Fak 17 M UAm/Haatarrt I (TV) in 2*l*ll MOB *****57 MB 4 lUOOC (MM. «H7V. 4M71 onus warn sm m mm. »»i/i >rv B Kansai Line STRAITS/AUSTRALIA SERVICE
      608 words

  • Page 17 Advertisements
    • 193 17 Egyptian INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) MMTRANS CARGO PLEASE CONTACT SCHENKER SINGAPORE TEL GENERAL AGENTS: L N. SHIPPING PTE LTD Tel: *****11 (Singapore) TLX R*****7 SUB-AGENTS: H.S.H. (M) SDN BHD Tel: *****3/*****7 (KL) *****6 (PT KELANG) *****2 (PENANG) EXCEL MARITIME
      193 words
    • 202 17 €*pre<»4 £lM•* i£td WtST BOUND LOADING FOR MUSCAT. DUBAI ABU DHABI. BAHRAIN. KUWAIT Al FAUAJ VMM FEXL GLORY VUW CONFOENCE EXPRESS VS6N EAST-BOUND WSCHARONG ONLY EASTERN EXPRESS VS3E (TBC) EASTERN ENVOY VBSE (TBC) 9 Feb 10 Feb 17 Feb 19 Feb Gentril Agents Gulfeast Shipping Pte Ltd Suite 704/706. Ocean
      202 words
    • 226 17 eg Seatrain Pao'cSc.^sSA Full Container Service to USA feeder *a stow Mono vsi hr om u guu i/c MtMtrrami 21/1 feiban ttinfton 2/2 21/2 19/2 21/2 5/3 14$ ttjtfE'tofh 31/1 ititrtm Bu*« 14/2 4/3 2/J 12/3 14/3 Owfca Bj» 7/2 «V 35 Full Container Service from USA HOTWR *Sl t/c
      226 words
    • 178 17 FAR EAST WEST AFRICA SERVICES VESSEL KTOSEI MARU rut Fiona KTOSEI MARU the none CONTAINER SERVICE M.»CCEFTW6 PALLETISED BREAK BULK rJSSJSf r VW **T HARCOURT AND ALSO rm* DoU L M® FRATA SHTfMG PTE. LTD SHGAPORE TEL *****04 SAM ICK LINES |Amr*t*' W Sa-.f G-JuPO' ompjnf LMX SERVICE FROM KOREA/TAIWAN/HONG
      178 words
    • 53 17 NOTICE CHERRY CHANTER VOY 4/78 arrived 16/1/79 at PPW gdn. 302 Consignee of damaged cargo ex above vessel are hereby notified that the general survey will be held on 24/2/79 from 0900 hrs to 1600 hrs. No further survey will be held after this date. Lian Soon Shippinf t Tradnf
      53 words