The Business Times, 24 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) No. 144/1/78 WEDNESDAY, JANUARY H, lf» 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon 'Our Shah'
      69 1 Reuter TEHERAN, Tues. Iran's elite Imperial Guard today rolled out tanks, anti-aircraft guns and crack commandos to demonstrate they would "shed their last drop of blood" for the Shah. As heavy snow pelted foreign reporters and photographers invited to the guard's Lavizan barracks headquarters, the guard's tough "immortal
      Reuter  -  69 words
    • Article
      Lock icon Ohira says 6pc growth
      84 1 Reuter TOKYO, Tues. Japanese Prime Minister Masayoshi Ohira told business leaders he is confident Japan will achieve 6.3 per cent real economic growth in fiscal 1979, Mr Toshiwo Doko, president of the Federation of Economic Organisations (Keidanren) said. Mr Doko said Mr Ohira told a business
      Reuter  -  84 words
    • Article
      Lock icon 'New ideas' on peace
      63 1 AFP JERUSALEM, Tues. Some "new ideas" for restarting the Israeli-Egyptian peace negotiations were formulated today at a meeting here between roving US Ambassador Alfred Atherton and Israeli officials, Israeli sources said. Mr Atherton has been here a week conferring with a group of Israeli experts headed
      AFP  -  63 words
    • Article
      Lock icon No aid to Vietnam
      46 1 UPI CANBERRA, Tues. Australia said today it will suspend aid to Vietnam to protest Hanoi's military involvement in Kampuchea. The decision was reached at a full cabinet meeting only hours before Prime Minister Malcolm FYaser flies to India for an eight-day visit.
      UPI  -  46 words
    • Article
      Lock icon Dollar slips
      66 1 AP LONDON, Tues. The US dollar slipped slightly today in Tokyo but was firmer in morning trading on most European money markets. Gold shed more than US$4 in Zurich and more than $3 in London. In Tokyo, the US currency finished the day at 197.575 yen, down from
      AP  -  66 words
    • Article
      Lock icon Islamic council
      68 1 UPI TEHRAN, Tues. A top aide of Ayatollah Khomeini said today a revolutionary Islamic council leading to an Islamic republic would be set up after the Ayatollah returns to Iran on Friday. The disclosure of plans leading to a transitional government spelled out for the first time the
      UPI  -  68 words
    • Article
      Lock icon Dow Jones
      53 1 UPI NEW YORK, Tues. The stock market headed broadly higher early today in moderately active trading. The Dow Jones industrial average, a 1.04-point winner yesterday, was ahead 1.99 points to 840.51 around noon. Advances led declines, 606 to 391, among the 1,431 issues crossing the New York Stock
      UPI  -  53 words
  • Chief Price Changes
    • Article
      SINGAPORE
      137 1 Rises A Enterprises 295 25 O C B C 840 20 Oriental Hldgs 590 20 Tganu Dev 140 16 Ayer Hitam Tin 1260 10 S T P 1975 815 10 C C 540 10 Carlsberg 410 10 Y H S 366 8 Boustead 252 8 U O F 216
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    • Article, Illustration
      K. LUMPUR
      155 1 Rises Most Active S Mai Tin Bedford Berjuntai OCBC C& C 1090 350 745 855 376 30 20 20 20 16 S Darby Consplant H Par UOL 410,000 327.000 303.000 184,000 Oriental 590 15 Total Turnover: 3.33m S Trading 610 15 Total Value: MJ8.39m Tganu Dev D Baby
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  • Article
    Metro Orchard plans ripening
    675 1  -  OK FOR $150 M COMPLEX By ARTHUR NG METRO Holdings has been given permission to develop its 13.9-hectare site at Orchard Square. The approval in principle has been granted for the development of a shopping mall, reported the company in its first press release since it
    675 words
  • Article
    Asean wants refugee talks
    265 1 THE ASSOCIATION of South-east Asian Nations hopes to begin a dialogue soon in Hanoi to persuade Vietnam to control the flow of its refugees, Philippine Deputy Foreign Minister Jose Ingles said. He also disclosed that discussions may be held soon with the United Nations High Commission
    265 words
  • Article
    Lock icon Indonesian oil output sliding
    497 1 API INDONESIA'S oil production dropped from 1.7 million barrels a day in 1977 to 1.63 million barrels a day last year, head of the exploration department of the state owned Pertamina Oil Company, Mr. G.A. Nayoan, said in Jakarta yesterday. The production would continue decreasing if
    API  -  497 words
  • Article
    Lock icon Aussie trade gap likely to widen
    197 1 AFP Reuter AUSTRALIA is likely to have a "widening trade gap" with the European Economic Community (EEC), Mr Victor Garland, chief Australian delegate at the Multilateral Trade Negotiations (MTN), said in Brussels yesterday. Mr. Garland, who met the EEC Agriculture Commissioner Finn Olav Gundelach
    AFP; Reuter  -  197 words
  • Article
    Lock icon LOW FARES TO HK NEXT
    92 1 AFP THE BRITISH government wants cheaper airfares between Hongkong and Australia. Mr George Rogers, Undersecretary for Britain's Civil Aviation Authority, said in Canberra yesterday he would discuss these cheaper fares in negotiations with Australia this week. A British team, headed by Mr Rogers, is representing
    AFP  -  92 words
  • Article
    Sumitomo Chemical chairman to meet Prime Minister
    262 1 MR. NORISHIGE Hssega w», dttlnnu of (he Jtptnew SunllMM Chemical Cimptay, arrives la Singapore today and will meet Prime Minister Lee Kuaa Yew dariag his visit. The meetiag will mast probably he held tomorrow aid discussions between Mr Lee aad Mr. Haaegawa is
    262 words
  • Article
    M. Banking's high profit fast becoming a legend
    501 1 MALAYAN BANKING, which has already estabi lished itself as the largest bank listed on the Stock Exchange of Singapore, also seems determined to win the distinction of being the biggest profit maker in the business. The group yesterday announced a sharp increase
    501 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      36 1 whatever you need in menswear, get it at... MOHAN'S DEPT. STORE (PTE.) LTD. 321 Orchard Road TW *****22 (next to Mandarin Hotel) Branch: 101,TanglmShopping Centre let *****40 Daily 9am-9 pm SEE PAGE 12 SEE PAGE 3
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    • Advertisement
      Page 1 Advertisements Column 2
      69 1 FRATA A FRATA N€WS WE WISH ALL OUR FRIENDS AND SUPPORTERS A HAPPY AND PROSPEROUS CHINESE NEW YEAR FOR ALL YOUR SHIPPING AND FREIGHT FORWARDING REQUIREMENTS TO EUROPE, AUSTRALIA AND THE FAR EAST, PLEASE CONTACT: MR. R.D. FRASER MR. TAN KAY HOCK MRS. JUDY TEO MISS JUAN MEE FEN MISS
      69 words
    • Advertisement
      Page 1 Advertisements Column 3
      84 1 BMICDB' DRUG offenders caa keep their secret...... CHINA is short of $429h for projects mm—mm—mm——mm——— TIN market is is a state sf flax. OMAN what the fstare holds. ELLIOT Theery ud the Wall SHIPPING TIMES St. surge 7 FORUM: Marketiag for class.... 7 GOLD fs tares market la flae fettle.
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    • Advertisement
      Page 1 Advertisements Column 4
      243 1 SINGAPORE BUSINESS T f-p B',ismes Mcq, :/inp IT TAKES MORE THAN TOP QUALITY SOUND TO CREATE AN EXCEPTIONAL HI-FI STEREORECEIVER. B O BEOMASTERS ARE ALSO CREATED: SIMPLE, FUNCTIONAL, RELIABLE. E =3 BEOMASTER wth magic touch controls 4 FM stereo tuner/amplifier I Power RMS 2x30 watts (music power 100 watts) DCAM
      243 words
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  • TRADE AND INDUSTRY
    • Article
      Ex-drug offenders don't have to tell
      542 2 JOB APPLICATION BOOST THE Juvenile offender, the offender on probation, and the person committed to the Drug Rehabilitation Centre can state that they have not been convicted when applying for jobs. This was pointed out by vice-president of the Singapore AntiNarcotics Association/ (Sana) Mr.
      542 words
    • Article
      The energy dilemma
      412 2 IN DEVELOPING alternative energy resources which can run into several millions or even up to a billion dollars, or more, the commercial viability of any project becomes very risky. Not only does the project need extensive transport facilities to bring raw material to the point where it
      412 words
    • Article
      Cleaner quarter last year
      118 2 AIR pollution levels of ■moke, dust fallout and total acidity in the fourth quarter of last year were generally lower than those of the previous quarter. However, there were slight increases in suspended particulate levels. Ozone was detected on most days, but there were fewer days
      118 words
    • Article
      Results of study on MNCs soon
      448 2 •=> i \j u i on me roie oi multinationals in the developing countries undertaken by the Asian Pacific Development Administration Centre (Apdac) is expected to be completed In March. The study started last year. The project Involves in-depth studies of three Asian countries
      448 words
    • Article, Illustration
      Pacific Bank move
      107 2 THE Pacific Bank Berhad has appointed Mr Patrick J. Wye general manager. Mr Wye is currently vice president and general manager of American Express International Banking Corporation Singapore (AEIBC). The move follows the equity participation in Pacific Bank by AEIBC late last year. Mr Wye has extensive
      107 words
    • Article
      Use science to ensure food supply
      243 2 SCIENCE and technology are too important to be left entirely to the politicians. A background paper presented at the international symposium on Science and Technology at the Hyatt Hotel also suggested that science is too important to be left entirely to the scientists. Mr.
      243 words
    • Article
      Keeping ahead in jewellery
      183 2 AN AUSTRALIAN jewellery company has established a figure of 15 per cent as representing the extent to which it must change its designs yearly to keep ahead of market trends In the areas It services, Including Singapore. Other areas which display a similar extent of demand
      183 words
    • Article
      TOUCHDOWN TIME
      94 2 THE first Concorde flight from London, following the resumption of the British Airways Singapore Airlines service, will land at the Singapore airport at 7 am tomorrow. Among those on the flight will be a team of BA executives led by Mr. Ross Stalton, BA chief executive, and a
      94 words
    • Article
      TWO SIM COURSES
      67 2 THE Singapore Institute of Management will be conducting a fourday course In principles and practice of management from Feb 20. The lecturers are Mr Tan Jing Hee, senior programme executive of SIM, and Mr Seow Glm Leng, a senior bank officer. A two-day seminar, on performance appraisal
      67 words
    • Article
      Small change is big deal
      55 2 SALE OF the 1979 uncirculated $10 silver coin has been "overwhelming", the Board of Commissioners of Currency said yesterday. Of a total mintage of 165,000 pieces, 120,000 were sold on the first day. Because of the low stocks, the Board said that the last day
      55 words
    • Article
      MEMO PAD
      484 2 COURSES AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, SITC Jan 3-Feb 21: Statistics for Insurance Employees, SITC, SITC Jan 8-23: Industrial Hydraulics Royal Ramada, NPB Feb 5-Apr 14: Diploma in Life Insurance, SITC, SITC Feb 12-13: Finance for nonfinancial managers, Ming
      484 words
  • Page 2 Advertisements
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  • REGIONAL
    • Article
      Lock icon Peking is short of $420b for projects
      601 3 NYT CHINA is about US$2OO billion (Ss42o billion) short of the capital needed to fulfil an ambitious programme to modernise Its economy by 1985. According to a report by the independent Japan Economic Research Centre, the shortfall Is about twice as high as
      NYT  -  601 words
    • Article
      Lock icon Viets harassed by guerillas
      463 3 AFP VIETNAMESE forces control the Cambodian port of Kompong some 250 kms south of Phnom Penh although heavy fighting continued in the outskirts of the city, well-informed military sources reported. Khmer Rouge soldiers cut National Highway Four linking the port with the capital near Sre Ambel
      AFP  -  463 words
    • Article
      Plastic centre
      124 3 THE MALAYSIAN government Is looking Into the possibility of setting up a plastics technology, and research centre to supplement the technology and research undertaken by the universities, said the Parliamentary Secretary to the Malaysian- Ministry of Trade and Industry, Encik Abu Hassan bin Haji Omar. Encik Abu Hassan
      124 words
    • Article
      TALKS TO LIMIT CHINESE FABRICS INTO U.S.
      129 3 AMERICAN and Chinese officials opened talks on Monday in search of an agreement to limit exports of Chinese textiles and cotton goods to the United States. The Washington talks, the first official commercial meetings between the two nations since normalisation of relations on
      129 words
    • Article
      Lock icon Training at Toyota
      61 3 Reuter A GROUP of 10 Chinese automotive engineers from Peking arrived In Nagoya on Monday to receive training In vehicle production technology at Toyota Motor Company, the largest Japanese car manufacturer. The Chinese engineers from the Peklngs factory, one of the main automotive manufacturing plants in China,
      Reuter  -  61 words
    • Article, Illustration
      Agricultural pipe chairs
      166 3 A FINAL year industrial design student at the Tasmanian College of Advanced Education in Hobart, capital of Tasmania, has developed a new type or ftirniture which he claims will overcome the limitations of tubular steel constructions. Mr Rolf Meumann has been using plastic agricultural pipe filled with
      166 words
    • Article
      Lock icon One up for man from Down Under
      302 3 AFP A MELBOURNE businessman this week signed an A520.6-mllllon (5550.6 million) contract to build a chain of eight motels in China. Mr. Kho Sing let and his company, Great Sincere (Victoria) Pte Ltd., slipped in ahead of the big international hotel chains, a
      AFP  -  302 words
    • Article
      Institute for entrepreneurs
      216 3 AN ASEAN institute, known as the Regional Entrepreneurial Development Institute (Redl), will be set up in Kuala Lumpur next year. A feasibility study on Its establishment is being carried out by the Malaysian National Entrepreneurial Re search Development Association (Nerda). A spokesman of the association said there
      216 words
    • Article
      By Asean alone
      65 3 INDONESIAN President Suharto said on Monday the fate of Asean will not be determined by Japan or any other country but only by the five-member Asean countries. Speaking to representatives of the Organisation of Asian News Agencies (OANA) before Tuesday's opening of Its fourth congress, Mr. Suharto
      65 words
    • Article
      Lock icon Keidanren forecasts 5pc growth
      500 3 Reuter THE JAPANESE Federation of Economic Organisations, Keidanren. forecasts Japanese real economic growth will be at an annual rate of about 5 per cent in next 2V* years, with about 6 per cent expected in the second half of the five-year economic outlook. Kaidanren worked out
      Reuter  -  500 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      144 3 m m Ns mm ii 1 m s r..- ~-f ii? V I" *XX S n& s m r IH I H •■m >- v-,; I j i "4 a* #<? r->> 1 Sfa&? \\3i S2? ,\5 i S8 vV m Mm. 1 i? n fwmses you. "fcgamkp /(00-//. f2.30-/.oown.
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      677 3 TWO-M-OHE CRYPTIC PUZZLE ACROSS 3 Slopes for prams (5) 8 Try and leave a pound for the author (5) 10 Animal that may lose heart and break a horn (5) 11 Strike an artist softly (3) 12 Officer leading (5) 13 He's good at revising a hymnal, if nothing else
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  • RAW MATERIALS
    • Article
      TIN MARKET IN A STATE OF FLUX
      1561 4  -  LAST year demand for tin worldwide had been well ahead of supply. With all the developed countries, except the UK, solely dependent on imports for their supply of this metal, predictions of future supply take on added importance. For this year, most analysts
      1,561 words
    • Article
      RUBBER
      299 4 THE Singapore rubber market yesterday closed slightly higher with February One RSS buyers quoted at 232.75 cents per kilo, up 0.50 cent from Monday's close, dealers said The morning session closed slightly higher in very quiet trading with February One RSS buyers quoted at 233.00 cents per kilo, up
      299 words
    • Article
      RAS PRICES
      394 4 Price* in cenu Der kilo vesterdav: Noon (per kilo) Buyers Seller* Int. 1 R.S.S. prompt f.o.b. 232 50 233 SON Int. 1 R.S.S. Feb 233 00 233.50 Int. 1 R.S.S Mar 233.00 233.50 lat. 2 R.S.S. 230.00 231.00N UK COM. 220 00 230 00N tot 3 R.S.S 227
      394 words
    • Article
      SSR and SMR
      124 4 NOON SSR and SMR pn RAfl SSHJU ll lua palle'i SSR SO (1 -tan pallet 1 MRELB tea vesierdav February (Carraat Mtk I Buyera Sailer* 229 50 231 SON 226 SO 228.50 N Merck (forward Mtk) Bayers Bailers 230 00 232.OON 227 00 229 OON SMR CV
      124 words
    • Article
      Palm oil
      73 4 C.I.F. North European ports. In US dollars per ton unlets otherwise stated LONDON: Mon Previous Malaysian 5*ffa bulk per tonne March 637.S0slr 830slr Sumatra 5S ffa bulk January unch 06Salr February 65oslr #47 1 pd March 947' /sir 632 ,pd April MOslr 837 ,pd May 837'tslr 630 622
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    • Article, Illustration
      Lock icon Higher Aussie wheat estimate raises target
      1183 4 Reuter AFP LAST year's global wheat harvest is estimated at a record 436 million tonnes, over 50 million tonnes (13 per cent) more than in 1977, and well above the previous peak of 417.5 million in 1976, an International Wheat Council review reported. A
      Reuter; AFP  -  1,183 words
    • Article
      Rice
      197 4 HNOANU: Ycstcrday'i closinf Prieea In Slper kilo exgodown: thai white 100 pet first claat (kangaroo): New crop OH 100 pet arcond clam 0M 100 pet third claaa 0 87 S pet new crop no stock 810 pet 0.19 THAI BROKEN A-super 0.C2 Special 0.50 Thai rice SB pet no
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    • Article
      Hongkong Comex
      121 4 SUGAR FUTURES trading in Hongkong yesterday was sluggish on continued kack of interest, with turnover unchanged at one lot, dealen said. March closed at US 7.»/ 8.31 cents against Monday's 8.20/45 close. Sugar torn ckatac prtcaa: Mcta TJi/tJH Hmj Ui/54 130/70 Sap LTS/IM MB/f.12 Oct >.«/» uaq Jaa
      121 words
    • Article
      Wheat
      133 4 WHEAT FUTURES in Chicago on Monday maintained small gains at midsession in a move which traders linked with higher soybean prices. Prices gained one to two cents a bushel. Analysts noted as a morning feature commercial interest below the market and commercial selling above. Local and professional buying, along
      133 words
    • Article
      LONDON MARKETS
      701 4 COPPER: Wire bars finished yesterday morning down £7 for cash and £6 for three months. The early pre-market gained ground under further profittaking and stale bull liquidation down to £860 for three months. Some subsequent covering mostly erased losses following news of an Indian buying tender for up
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    • Article
      Soybean
      211 4 SOYBEAN FUTURES in Chicago on Monday ended mixed after losing the largest part of early gains on heavy hedge selling late in the session. Gains ranged from one to 3'j cents a bushel. Two deferreds lost two and 2'/* cents. The closing prices were some 10 cents beneath the
      211 words
    • Article
      Closing prices
      29 4 Rubber: Jan 23 Singapore: February: 232.75 cents (up 0.60 cent) Malaysia: February: 236.50 (down 0.50 cent) Tin: $1,760 (down $15) Official offering: 226 tonnes (up 5 tonnes)
      29 words
    • Article
      Produce exchange
      338 4 GENERALLY quiet trading conditions persisted on the Singapore produce market yesterday. Business was minimal and confined to small lots of selective commodities sold to local exporters. With no stocks forthcoming from Indonesia which had recently placed the exports of coffee and pepper under a tight quota system, coffee
      338 words
    • Article
      Straits tin
      60 4 THE Straits tin price in Penang yesterday fell MJIS per picul to $1,760, $60 above the International Tin Agreement ceiling, dealers said. Despite the easiness, the market attracted demand from all sources, particularly from the US, Europe and Japan at this level. Turnover rose to 226 tonnes from
      60 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      60 4 !im> f j FILLMORE ft Available at leading fashion Chosen Co Re Ltd C.K. Tang Ltd Cuir (S) Re Ltd Hong Sheng Co Isetan Emporium (S) Re Ltd Justmen's Shop Milan Shoes Mohan's Departmental Store Robinson Co (S) Re Ltd stores Shanghai Fushang Tailor Chow Taneio (Re) Ltd Tigress Re
      60 words
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  • OVERSEAS
    • Article
      Lock icon Moscow spent $315b on arms, says CIA
      262 5 AP THE US Central Intelligence Agency (CIA) has estimated the Soviet Union spent the equivalent of US$l46 billion (Ss3ls billion) for defence last year, 45 per cent more than the United States' $102 billion. A CIA analysis released on Monday shows the Russians
      AP  -  262 words
    • Article
      Lock icon 2.2pc real growth is Carter's best bet
      682 5 Reuter AP PRESIDENT Carter's budget message projects real growth of 2.2 per cent this year, a 7.4 per cent rise in consumer prices and a year-end unemployment rate of 6.2 per cent. Officials said the outlook confirms Mr. Carter's determination to oppose a
      Reuter; AP  -  682 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      765 5 ARRIVALS Service Local Operator Number Time From MAS KUL MAS 0945 PEN/KUL CPA CX710 1005 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL THAI TG981 1050 BKK GIA GA944 1055 PKU 1 GIA GA908
      765 words
    • Article
      Lock icon Latin economic star in eclipse
      186 5 NYT VENEZUELA, once Latin America's brightest economic star because of Its enormous income from petroleum, closed Its books for 1978 with the biggest balance of payments deficit In Its history, a growing foreign debt, a downward trend In oil revenues and Increasing dependence on imported
      NYT  -  186 words
    • Article
      Lock icon Cotton industry picking up the threads
      171 5 AFP RECOVERY of the world cotton and allied textile industry from the 1977 recession is, on the whole, continuing but still only partially, the British Textile Statistics Bureau reports in its quarterly bulletin. In the third quarter of last year it adds, the weight
      AFP  -  171 words
    • Article
      Lock icon UK ministers meet over strike action
      334 5 Reuter PRIME Minister James Callaghan called a special session of senior Cabinet ministers yesterday after Britain's pay revolt reached a new peak with a million and a half workers taking strike action. Monday's one-day-stoppage by gravediggers, street-cleaners, caretakers, dustmen, ambulance drivers and other low-paid
      Reuter  -  334 words
    • WORLD IN BRIEF
      • Article
        Lock icon GOLD SALES GUESS
        540 5 Agencies I TH E US Treasury (Secretary Michael I Blumenthal said the Treasury assumes for fiscal planning purposes it will sell 1.5 million ounces of gold monthly through September. However, the assumption Is a guess and does not imply 1.5 million ounces will actually be offered. President
        Agencies  -  540 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      218 5 VSO P 'i' A voi s.i nac f ■< >. :<• *r c 5 igs K ;Mm|p <**• •f> p- *>- #f-• W'i M A A SK- "■■>* -N, > .V i«r» ffei* Rf Mr m v m* -> v> J »MS\ s < f 4 '< «?a& v >
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  • Article
    Little solace in accurate forecasts
    397 6 ECONOMIC forecasts have never been the same since the great Opec oil increase in 1973 proved all the pundits wrong. In the aftermath of that one great event which featured in no statistical forecast, these economic predictions have about them the flavour of pipe dreams.
    397 words
  • Article
    Enlightened firm is the best cure
    316 6 IT IS heartening to know that the law does not regard persons who have been detained at the Dnig Rehabilitation Centre as convicted criminals. Such persons thus technically cannot be accused of withholding information should they answer "no" to questions about their past convictions
    316 words
  • Article, Illustration
    Oman charging out of a long dark tunnel
    1394 6  -  By RONNIE LIM JANUARY in Oman is about the best time of the year. At 6.30 am, the sun is just peeping over the mountains of the sultanate. And though the temperature climbs from the nightime 15 degrees Centigrade soon after, crisp,
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  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      225 6 APOLLO HOTEL Havelock Road, Singaore 3 Tel: *****1 AMBASSADOR HOTEL ***** Meyer Road, Singapore 15. Tel: *****11 CENTURY PARK SHERATON Nassim Hill, Singapore 10 Tel: *****7 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****66 COCKPIT HOTEL 6 7 Oxley Rise, Singapore 9 Tel: *****1 GREAT EASTERN HOTEL 401 Macpherson
      225 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      19 6 BldStc^:l^ariJcl)ickaDS Tvt>/ spts/ He Does THL ljock- OF "fejsl L rn£N es/eRy DRY o,: He coroes—UlTM VUS Mirt£. WPvWGeRS-OH
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      886 6 Hawaii 5-0 fiasco THE evening's viewing may begin Mine what sedately with Classical Masterpieces (7.55 p.m., channel 5), featuring the plane works ef Chopin, Ravel and Liszt. Bat come &JI p.m., and entertainment livens up, In the Yen will enjsy sitting hack and criticising the depiaraMe acting and nsn plst
      886 words
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  • Article, Illustration
    Elliot theory heralding upsurge on Wall Street
    1299 7  -  By DONALD F. SINCLAIR IT IS FORTY years since R. N. Elliot produced his theory on share market movements. It now appears that this theory applies equally to commodity, exchange, interest rates and economic cycles. He stated that markets move up in three
    1,299 words
  • Article, Illustration
    STRAWS IN THE WIND
    283 7 A PARTICULARLY irked Rabbit (by this we, of course, mean the person in question was born in the year of the Rabbit) has written into Straws to complain that a new addition to the traditional Chinese zodiac has been made in the current issue of "Lion
    283 words
  • Article
    The enigma of class in consumers' buying power
    963 7  -  FORUM ...with John Tan A VERY ENTERPRISING company of furniture sellers has hit upon just the theme for appealing to the modern executive. On the average, the executive spends more time in his office chair than he does in his car. Why
    963 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      341 7 and where to entertain New Japanese Restaurant KIKU luran m serving authentic Japanese food K>pf\in\ikki Imifxiu skishimi *suki\,iki *skibush,ibu l/11/l JAPANESE ivIIVU RESTAURANT OSCHIDiNN T < r ."U\\ Dune.vr P03<.1 1 -COME, WINE AND DINE IN THE MANNER FIT FOR IMPERIAL LORDS" Now. there's a placc where you can really
      341 words
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  • INTERNATIONAL STOCKS
    • Article
      Nikkei Dow-Jones hits all-time high
      596 8 TOKYO THE MARKET was extremely bullish over a broad front yesterday. The Nikkei Dow-Jones average recorded a new alltime high and closed the day with a moderate gain of Y 18.39 at Y 6,126.01 Turnover was relatively heavy with an estimated 580 million shares changing
      596 words
    • Article
      Hongkong
      274 8 THE MARKET took on a healthier appearance yesterday with some local interest for shares such as Hutchison, Wheelock and Swires. Trading volume was a little better but not high enough to indicate a change in the market's general trend. Blue chips were about 10 cents better where changed. Hang
      274 words
    • Article
      Sydney
      320 8 THE MARKET eased on fears of a backlash to rapidly rising base metal prices on international markets, and the all ordinaries index fell 1.07 points to 568.42, dealers said. Bougainville eased 7 cents, MIM 5, Mt. Lyell 2 and BH South one, while Central Norseman rose 10 to $17.30
      320 words
    • Article
      Manila
      162 8 THE MARKET closed mixed yesterday with commercials and oils posting gains while minings declined, dealers said. Turnover rose to 18.3 million pesos from Monday's 17.0 million. Gainers were Acoje Mining, Lepanto B, Basic Petroleum, Oriental B, Phil Overseas, Pogei, Pioneer, Meralco, PLOT and San Miguel B while losers were
      162 words
    • Article
      Bangkok
      335 8 THE STOCK market closed mixed yesterday with losses in the majority in moderate trading, dealers said. Among the losers. Raja Finance dropped 50 baht to 1600, First Trust 14 to 424, Jalaprathan Cement 12 to 299, Siam City Cement 8 to 303 and Rama Tower 6 to 193. Other
      335 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Monday 473.1 Friday 478.9 Week Ago 482.8 DOW JONES AVERAGE INDUSTRIALS Monday 838.53 Friday 837.49 Week ago 848.67 LONDON DOLLAR PREMIUM Monday MS to89 3 < Friday 89 to 88'* H.K.HANG SENG Tuesday 536 28 Monday ***** Week ago 545 82 SYDNEY INDUSTRIALS Tuesday 477.00
      63 words
    • EUROPEAN MARKETS
      • Article
        Zurich
        190 8 JAN 22 Actions Suisse* Alusulsse Br Alusulsse Reg Brown Bo«crt Br. Clba Otify Br Clb« Gelgy P C Clba Gelgy Re>. Credit Suisse Br Credit Suisse Reg Eleklrowau Br. Oeorge Flic her Br Globus Pe Hero Br Francs 203 1210 M2 1000 uas MS 875 2280 440 iaas 020
        190 words
      • Article
        Paris
        264 8 JAN 22 Frs CORBEILLE Alr-Liquide B S N Ocntli Danone C 8 F < ThomsonCtl) Clc FrincilK des Petroles Compafnle Financier* Compafnle Generate Credit Foncler De France Hachette (LlDralrle) Machines Bull Mlchelln (B) Parlh*. Pechlney Cljine Kuhlmann Peujeot Philip* (N* Oem BezK) Prlntempa S A 416 558 413 *****
        264 words
      • Article
        Amsterdam
        190 8 JAN 22 FU ABN 371 50 0.5 Ahold 123-20 15 Ak(0 J1J0 AMEV 95.70 -03 Amfu 115 JO 03 Amrot Bank TOJO -0.1 Bercoa* H 0 5 Berk «00 BoLl 7370 4-04 Borsumij ***** 03 Burhmann 7700 Byenkorf 94 00 unc h Calve Delft 172.50 unch Dell MiJ 127
        190 words
      • Article
        Frankfurt
        207 8 JAN 22 Dm A(/-Ttl((iinkfn Akao AUx Lttan 75 30 2900 930 00 -0.S -01 .5 All* Vera 502.00 -t BASF Bay H T Wbank Bay Vbank 133.90 294 00B ***** -i «M tfW BMW Caaaella Chem Vent 238.00 3*0 00 306 00 -1 -2 -23 Commersbank Con 11 Oumml
        207 words
      • Article
        Brussels
        88 8 JAN 22 Fra FORWARD MARKET Actc Arbed Astur Brucan Bru-Ltmb Canpar Cock De B««rs Ebes Elcctrobel Gb-Inno-Bm Oe* Hobo* Petro Ryl Dutch Sidro Soc Gen Belg SoJlna Solvay A Tanks U Mm V Mont 450 2300 m m 1986 624 483 200 2430 6750 2570 1J» 2770 3470 1910
        88 words
      • Article
        Milan
        106 8 JAN 22 Lire Ante 35 4-1 Assoc Oen 3S30O Bastogi at ■4 Central* 4490 -10 rut 2(10 -4 FtnsMer 177 JO -IS Oen Immob 71 78 175 IFI Prl 232S 15 Ilalcemenu ***** 330 lLKl(U 7W unch Ilalskter 388 -I Mafnrl) M Pf 535 unch Marelll Ere 231 SO
        106 words
    • Article
      JO'BURG
      311 8 JAN 22 Rand INDUSTRIALS A Alpha 190 7 ADereom 256 AE And CI AMIC Barlows 3*5 1200 S30 unch unch 5 Cf Sufar 5756 CNA Cum* Finance D* Been Ind 206 10* 1400 unch J -25 Edcon Edgars 330 ***** unch -90 Ewretdjr red Volk 190 .j Fuelt Card
      311 words
    • Article
      Interest in some issues lifts prices
      1311 8 NEW YORK A BURST of buying interest in a few issues, notably IBM and Teledyne, allowed stocks to close at about their best level of the day in moderate trading on Monday. Analysts said the market fought an uphill battle all day to get
      1,311 words
    • Article
      TORONTO
      212 8 JAN 22 CS Abiubl -V Alcan 43 S. fc Alfom* »'l Bank Mont J»H Bank Nova ScoUa 25'i Bell Tel a* Belli Corp BP Can Ltd Z B rue an It unch Camp Red Lake Can Imp Bk Can par Canpac In* Pf 16>iB carlinc O'Keefe -<* Comlnco Con»
      212 words
    • Article
      Lock icon Seaboard rejects Tiger's offer
      247 8 NYT SEABOARD World Airlines has rejected a tender offer from Tiger International for 9.4 per cent of its stock. Calling the offer inadequate, Seaboard said it would seek a more generous takeover proposal elsewhere. Tiger International, a domestic and trans-Pacific air-freight carrier, is the United States'
      NYT  -  247 words
    • Article
      Lock icon Westinghouse fourth quarter profit up
      194 8 Reuter WESTINGHOUSE Electric, a diversified manufacturing concern, said it made an operating profit of US$88.22 million, or $1.02 a share, during the fourth quarter of last year. This compares with a profit of $77.81 million, or 89 cents a share, in the corresponding period a
      Reuter  -  194 words
    • Article
      Daimler turnover
      364 8 THE WEST GERMAN motor firm Daimler-Benz has reported a turnover of 26.8 billion marks last year. Production last year totalled 393,203 units, 239,077 of which were commercial vehicles. At the end of last month, the company had a labour force of 173,000 workers. Meanwhile, Daimler's South African subsidiary,
      364 words
    • Article
      Lock icon Honeywell expects slower growth
      149 8 Reuter HONEYWELL s.id It pects t0 < T ease to bul at a slower "»te than last year. company earlier re- <*id*f foreign tax credite, <* "P on the enter 1979 with stron or 2*r nd excellent backlogs, chairEdson Spencer said. added *****011 for computers continues
      Reuter  -  149 words
    • Article
      SEC probes United's bid
      92 8 UNITED TECHNOLOGIES aaM the U8 SmHHm aad Exehaage CmbhiMm la la veatfgatlag Its iemder affer for Carrier te aee IT vfolatfoas «f aeearittes laws are involved. The itoel—are «u made la papers KM la Waahlastea wttt the SEC. Halted last aaeath Isshwi for Carrier stack aad
      92 words
    • Article
      Lock icon Boeing contract goes to Grumman
      633 8 NYT BOEING has announced that it had awarded a major contract to Grumman to build a substantial part of the Boeing 767, a new fuelefficient wide-bodied jet that is scheduled to go into service in late 1980. The signing of the agreement over the weekend
      NYT  -  633 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      99 8 Inter where? Not a rival to St Laurent or Dior. But a machine for the 80s, that's where. Called the Interdata minicomputer, from Perkin-Elmer, the company lots of you are contacting through our ads. Our Interdata range is six strong, made for the varied business needs of large and small
      99 words
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  • BANKING AND FINANCE
    • Article
      Malaysian gold and reserves up M$593m
      388 9 GOLD and foreign exchange reserves of Bank Negara rose by M 5593 million to $7,138 million for the year ended Dec. 30, 1978. The increase in 1978 was slightly less than the rise in reserves of $623 million in 1977. As at year-end 1977,
      388 words
    • Article
      Ottawa bid to aid C$
      53 9 CANADA plans to borrow Japanese yen to help support the Canadian dollar. The government will be issuing yen-denominated bonds on the Japanese market and borrowing money directly from Japanese banks, Finance Minister Mr. Jean Chretien said. The size and cost of the loans have still
      53 words
    • Article
      Singapore gold futures market in good shape
      893 9  -  By COLIN CHEE SINGAPORE'S gold futures market, nearly two months old, is in fairly good shape. Gold dealers and brokers say a daily average of between 130 and 140 contracts have been transacted recently. There are also signs that the market will pick
      893 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        417 9 THE US dollar was traded on thin market conditions yesterday as dealers became cautious before President Carter's state of the union speech due last night. Against the Japanese yen, the American currency opened at 197.80/90 before moving lower to 197.40/50 during Tokyo's close. When London opened, however, the
        417 words
      • Article
        Asian $ rates
        195 9 Asian rates ASIAN currency deposit interbank rates as at close on Jan 23 t'S Dollara(Spot) Offer Bid 7 days 10'. 10'. 1 month 10 9/16 10 7/16 2 months lO10'. 3 months ll 3/16 11 1/16 6 months ir. IP. 9 months u<> 11"< 12 months 11 13/1611 11/16 Sw.Fr*.
        195 words
      • Article
        Discount
        56 9 R ,b I' of prices offered by discount bouses on Jan 23: Overnight 4'.% Call deposits 4 to 4'.'% Closing Buying Selling 3 month Treasury bills 4 7/16 4 5/16 3 month Bank bills 7 11/16 7 9/16 3 month CD 7 11/16 7 9/16 6 month CD T,
        56 words
      • Article
        MLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.75 per cent.
        21 words
      • Article
        Gold
        303 9 GOLD FUTURES in Singapore yesterday closed steady in moderately active trading, dealers said. But opening quotations were marked down around US$3.5O per ounce in line with easier overseas gold prices and the strength of the US dollar, and later staged a partial recovery, they said. Turnover fell to 137
        303 words
      • Article
        Frankfurt
        73 9 FRANKFURT exchanges opening quotes yesterday: us 1 8435 SO Can Stg Dfl 92 60 72 Sir 109 60 85 Lit 2 205 715 FTr 43.47 59 Nkr 36 35 45 Bfr con 6.327 342 Bfrfin 6173 6213 Yen 0.9325 45 OCBC exchange rate index THE OCBC trade-weighted Index far
        73 words
      • Article
        London
        264 9 THE DOLLAR in London yesterday opened slightly firmer against major currencies against Monday's night's close but roughly in line with late Far East levels in quiet opening trading, dealers said. It stood at 1.8450/60 marks against its close of 1.8430/45 and 1.8445/55 in late Hongkong trading. Sterling opened steady
        264 words
      • Article
        Tokyo
        179 9 THE US dollar for overnight delivery in Tokyo yesterday closed weaker at 197.55 yen, compared with a 197.70 opening and 196.05 at Monday's close, dealers said. The US currency fell slightly in slow late trading as Japanese banks, after buying dollars in early trading, sold them back to cover
        179 words
      • Article
        Hongkong
        112 9 THE US dollar in Hongkong yesterday was quoted slightly above New York's closing levels against all currencies in very quiet late trading, dealers said. It rose to 1.8445/55 marks from New York's 1.8435/45 close, to 197.65/75 yen (197.40/60), and to 1.6765/75 Swiss francs (1.6710/30). Sterling eased on continuing UK
        112 words
      • Article
        Australia/NZ
        47 9 AUSTRALIA NZ ex< :hanges quotes yesterday: US tl 1 425/1 1377 Sterling 0 5728 0 5661 Ninety-day air mail buying rate* Sterling 0 5964 Ninety-day forward buying Sterling 0.57*/ New Zealand Sterling 0. US i 0528 ***** Ninety-day airmail buying rates: Sterling 0 5640 USJ1 1002
        47 words
      • Article
        Lock icon THAI FIRM GETS DEAL
        77 9 Reuter THE Industrial Finance Corp of Thailand has signed a contract for a 3.5 billion yen syndicated loan from a group of six Japanese banks and life insurance firms for industrial development projects in Thailand. Mitsui Bank as lead manager said, the loan, repayable in half-yearly
        Reuter  -  77 words
    • Article
      Singapore receives an allocation of SDR5m
      216 9 SINGAPORE has beei tlheaM SDR 1.1 mililea la the first alleeattoa mi Special Drtwiig Rights since IVR by the lateraatUitl Maaetary Paid (IMP). The faad allacated a total sf BDR 4 MUiaa to 137 ct Its IS members la the exercise. Allacatlaa a( SDRs
      216 words
    • Article, Illustration
      Lock icon New York returns to market with $271m offer
      291 9 NYT NEW YORK City, which barely avoided bankruptcy nearly five years ago, will return to the credit market next Thursday with a public offering for US$l25 million (SJ27I million) worth of notes at 8 per cent interest. In a sequence of events
      NYT  -  291 words
    • Article
      Lock icon S. Korea will ban loans below $11m
      195 9 Reuter SOUTH Korea will soon ban foreign loans below US$5 million (5f10.85 million) compared with the present lowest limit of $10 million. The Deputy Premier and Economic Planning Minister Mr. Shin Hyun Hwak said the lowering of the minmum level will give easier
      Reuter  -  195 words
    • Article
      Lock icon US analysts predict higher interest rates
      700 9 NYT US money market economists, impressed by last week's reports of unexpectedly strong business activity and sceptical about the unexpected drop in the money supply, predict that interest rates are headed still higher. Last Thursday, the Commerce Department reported that the gross national product,
      NYT  -  700 words
    • Article
      ACBC branch on-line
      152 9 ASIA Commercial Banking Corporation (ACBC) has gone on-line. The bank's South Bridge Road branch started online savings account facilities on Monday. The bank's remaining four branches will have their savings accounts computerised by April this year. Equipped with high speed on-line computer terminals, the South Bridge Road
      152 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      0 9 !($-`_<>"`:`_}!?;`=?`~>!^_;)~|]
      0 words
    • Advertisement
      Page 9 Advertisements Column 2
      355 9 LOOKING FOR 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
      355 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1915 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word •sett Big Board deal
      1,915 words
    • Article
      Government bonds
      160 10 4 1/2% 1/8/80 (250.000) (99 188 99.245) 4 3/4% 15/9/80 (250.000) (***** 99.585) S%TF 1/5/83 (250.000) (100 108 100 20S) 5 3/4% T F 15/6/81-84 (250.000) (102 30S) 5% 13/11/84 (250.000) (100.008 100 05S) 7% 15/4/85 (250.000) (100 808 100.955) 7% 1/8/85 (250.000) (100 708 100 85S) 7
      160 words
  • Article
    Unit trusts
    155 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' prim ihrJHM) (Cures I pr leas) The Commerce 2 21 2.35 Income Bond 112 LIS The Saving Fund 138 146 S pore Prof Fund 0 98 103 S pore Sec. Fund 1.19 190 S pore Invest Fund 1.27 1.35 MARA SIMIPITRA
    155 words
  • Article
    SHARE INFORMATION SERVICE
    2569 10 1978/79 High Low Last Sale orGr's Div Div C'vr Gr*a YTd Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIALS 272 190* 178 219 275 111 186* 326 245 660 132 123* 107 133 195* 59 108* 173* 140* 256 Acma Alcom Allied Choc BAT Bata
    2,569 words
  • Article
    Stock options
    77 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. Hame P E (March $1 45) (0 488 0.595). Semb Ship (March $1.25) (0.318
    77 words
  • Article
    In Kuala Lumpur
    1648 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 lota of 1,000 units unless otherwise specified. INDUSTRIALS A|in*matc (2 6281 Alcam <1 938 2 028) (S) 1.94. A
    1,648 words
  • Article, Illustration
    Prices higher on sustained support
    519 10 GOOD FOLLOW-throagh baying poshed prices up tpprtfUMy aerits the beard at the Stack Exchug of Singapore yesterday. Volume was moderate aad fairly well spread oat. The close was off best. Mach of the strength was noted daring the first boar of the afternoon session when
    519 words
  • Article
    Investors make a beeline for lower-liners
    790 10 SUSTAINED buying interest across a fairly broad front gave the Kuala Lumpur stock market a steady finish yesterday. Trading was fairly active with the market favourities again dominating. A number of the lower-liners, however, also enjoyed a resurgence of speculative support to close with
    790 words
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  • COMPANY NEWS
    • Article
      BATS emerges a likely market leader
      969 11  -  By ARTHUR NG IT MAY NOT be long before the Singapore British American Tobacco Company overtakes Rothmans as the market leader in this island Republic. This is the impression one gets when comparing both companies' latest results. For BATS, last year's maiden year performance
      969 words
    • Article, Illustration
      GENTING CINEMA
      244 11 THIS IS an artist's impression of the BM-seat folly carpeted cinema being built at the Genting Highlands holiday resort. Groundwork has already been laid and when fully completed, it will have all the features expected of modern cinemas. The building of the cinema is only a small part
      244 words
    • Article
      DIVIDENDS ANNOUNCED
      328 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year I'M Flour 20%(b) Dec 28 Jan 10 Jan 25 20% 20% Nanyang Press 6% Dec 26 Jan 3 Jan 27 6% ltd Mai 8% I Jan 8 Jan 18 Jan 27 8%
      328 words
    • Article
      SCRIP ISSUE
      112 11 Company Particular* Ex Date Books Cloae Rahman Hydraulic Bonus Issue of 1 for 2 Jan 16 Jan 28 C A C Bonus Issue of 1 for 2 Feb 2 Feb 19 MBS Rights Issue of 1 for 2 e $2.00 per share Feb 7 Feb 19 STP (1975)
      112 words
    • Article
      Rubber Trust earnings rise
      210 11 TWO OF the three Hongkong-based rubber companies which have assets in Malaysia and were the subject of takeover bids by Highlands and Lowlands (bids withdrawn earlier this month) have announced their latest earnings. Rakker Trust Ltd. has reported higher group net profits of HK$l4.ll million (about
      210 words
    • Article
      Folex stages strong recovery
      275 11 TRUE to chairman Datuk Chan Tak Cheung's expectations, local textile weaver, Folex Industries, finally managed to move into the black after four years of consistent losses. For the year ended last August, the company achieved a net profit after extraordinary items of $565,385 against the previous
      275 words
    • Article
      Castlefield suffers setback
      590 11 IN LINE with the plight experienced by most plantation companies last year, Castlefield (Klang) Rubber Estate, a sterling rubber company within the Harrison and Crosfield management empire, suffered a severe blow in earnings. Pre-tax profit for the year ended last June fell 32 per cent from £706,957
      590 words
    • Article
      N. BORNEO TIMBERS
      147 11 OUR ESTIMATE yesterday of the cocoa sales of North Borneo Timbers in the early eighties was far off the mark. The company's wholly-owned cocoa estates of about 1,000 acres will probably be producing less by 1983 and its additional cocoa interests are substantially less than we indicated.
      147 words
    • Article, Illustration
      Lock icon That's what we want to hear...
      329 11 msm by HOCK LOCK SIEW THANK V 01], Metre, for that piece of delightfal news. Shareholders will be delighted to knew that the stock exchange in tends to have the stock resisted fer tradlag today. baa exdtiag preject aad will cert a tidy sam
      by HOCK LOCK SIEW  -  329 words
    • Article
      BAT (S)
      259 11 has brought in a fine crop of results. The company has shown that the smoker is far from dead. If anything, he is puffing as much as ever. And this is despite the fact that the government has mounted a strong campaign to discourage smoking. Social ills appear
      259 words
    • Article
      AUSTRAL ENTERPRISE, TALAM MINES and IS- LAND & PENINSULAR
      141 11 AUSTRAL ENTERPRISE, TALAM MINES and IS- LAND PENINSULAR an- nounced that they will alter their financial year-end to Jan 31 to concide with the year-end of the parent company, Pernas Securities Sdn Bhd, which holds 50.8 per cent of the three companies. To give effect to the change, the current
      141 words
    • Article
      MALAYAN CREDIT
      30 11 said that Monfair Optical (Pte), a subsidiary of JC-MPH, has on Jan 16 acquire an additional 323,000 ordinary stock of $1 each in the capital of Malayan Credit.
      30 words
    • Article
      BERJAYA KAWAT
      71 11 has an- nounced an interim dividend of 6 per cent tax exempt for the year ending April 30. The company said shareholders have approved its proposed ooe-for-two bonus issue, raising paid-up capital to MSU.I million from |7.4 million, and approved a proposed Increase in authorised capital to $20
      71 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      350 11 The LIFE Library Of Photography i--• helps you to see P 7 great picture possibilities Xl: all around you... <? F V f The Life Library Of Photogiaphy Each volume measures 10' I* x 10'/a inches (26 x 26 cm). Hard cover, silver stamped black doth binding. 240 pages. Approximately
      350 words
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  • Article
    Lock icon A strong chance of Carter putting budget through
    1045 12 MORE RECEPTIVE CONGRESS NYT President Carter stands a strong chance of protecting the basic thrust of what administration officials call his "lean but merciful" 1980 budget because it generally suits the frugal mood of the new Congress. But even congressional supporters of
    NYT  -  1,045 words
  • Article, Illustration
    Lock icon COKE GOES RED
    379 12 Reuter TWENTY THOUSAND eases <rf Coca-Cola, bedecked with the Chinese slogan "testes good, testes happy/' were yesterday loaded op for nil shipment te China, about te get its first sip d Cake la M years. IW soft drink, renowned symbol sI the capitalist coasamer society, is being
    Reuter; UPI photo  -  379 words
  • Article
    Lock icon Further delay at Subang
    210 12 AFP GROUNDWORKERS of the state-run Malaysian Airlines System (MAS) at Subang International Airport are refusing overtime in an effort to intensify their three-week old goslow campaign. Airport sources said that the new move had affected mostly the late flights, as there was not enough staff to
    AFP  -  210 words
  • Article
    DELAY IN UK MAIL
    76 12 AS A RESULT of the current strike by road transport drivers in the UK, considerable delay can be expected in the receipt of surface mail from the country, or in the delivery of surface mail from Singapore In the UK. A statement from the Postal Services
    76 words
  • Article, Illustration
    Lock icon Rumblings of Jehad
    352 12 TEHERAN'S chief Muslim leader declared on Monday that the religious opposition was determined a new cabinet be installed to supplant that of Dr Shahpur Bakhtiar. He also warned the Iranian populace might mount a kind of holy war against the army if it staged a coup d'etat
    AP photo  -  352 words
  • Article
    Court rules against AIC
    133 12 AN INSURANCE company yesterday lost its claim in the High Court to recover $30,000 in damages from another insurance company. The Asia Insurance Company, whose client Mr. Chua Cheh Poh was the plaintiff, had paid $95,000 damages to the family of Mr. Ng Kong Che, who
    133 words
  • Article
    Lock icon Pol Pot army running low on supplies
    280 12 Reuter ABOUT 5,000 Kampucheans, fleeing the fighting in their war-ravaged country, are encamped near the Thai border and running short of food and medicine, military sources along the border said yesterday. The growing group includes an estimated 2,000 well-armed Khmer Rouge soldiers loyal
    Reuter  -  280 words
  • Article
    Bank of Canton award
    75 12 THE BANK of Canton has been granted an "inerlocutory" judgment of $200,000 in an uncontested civil suit against its former chief cashier and assistant manager. The judgment was described as "inerlocutory" as the bank is also seeking damages which will come up for assessment before the
    75 words
  • Article
    LONDON STOCKS
    751 12 LONDON, Tues. The market closed easier with trading at a low level reflecting the gloomy industrial scene and aggravated by the weather, dealers said. At 3.00 p.m. the Financial Times index was down 5.3 at 467.8. Government bonds, where traded, recovered from earlier falls to close at their
    751 words
  • Article
    Lock icon Talks on EEC, Asean projects
    372 12 AFP TOP bankers, industrialists and government officials from the five Asean countries will hold talks next month with an EEC representation on industrial cooperation. The discussions, to be in Jakarta, will detail specific projects with an EEC team of an "unprecedented high level." According to
    AFP  -  372 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      130 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today we are quoting the following for Singapore Dollar terrr deposits up to *****.000 1 month 5V«% p.a. 3 months 6V«% p.a. 6 months 6V4% p.a. 9 months 6V4% p.a. 12 months 6'/a%p.a. Savings 4%%p.a. We also
      130 words
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      Page 12 Advertisements Column 2
      3 12 SEE PAGE i
      3 words
    • Advertisement
      Page 12 Advertisements Column 3
      65 12 bfrauiniid! ATSWEIN RHEINHI WHITE RHINE W WEINWI K Who dares to put a white wine in a black bottle? BLACK lOW LR! classic uhitc \vine !rom (ierrnam presented m an original hlack bottle Black lower has a distinctive >t\le and character w hith makes it iust riizht to drink all
      65 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      58 12 Outlook for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 hoars prior to 7.39 p.m. on Jan 23 at the airport: Maximum temperature 2.95 Associated humidity 77 Minimum temperature 23.3 Associated humidity 97 Hours of sunshine 3.15 Rainfall in millimetres 1.1 Total rainfall for the month
      58 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Tanker purchase
        74 13 Reuter JAPAN Lane Co Ltd has bought two supertankers from Hongkong's Worldwide shipping group for an undisclosed price. The two tankers are a 236,000 dwt oil tanker, the World City, and a 234,000-ton tanker, the World Philippines, both time-chartered from the Hongkong owner, it said. The tanker purchase,
        Reuter  -  74 words
      • Article
        Floating expo
        70 13 A Dutch floating exhibition of industrial and farm exports was due to reach Jeddah yesterday, it was learned in The Hague. Jeddah is the first stage of a 47-day voyage to the Arab Emirates which will include visits to Abu Dhabi, Dhubai, Doha, Bahrain, and Kuwait. The Swedish
        70 words
      • Article
        Lock icon Freight discord
        94 13 AFP FRENCH Transport Minister Joel le Theule said after talks with his Danish opposite number, Arne Christiansen, that the two countries differed sharply on a code of conduct for carrying shipping freight. Mr. Christiansen said the two countries differed sharply on a code of conduct for carrying shipping
        AFP  -  94 words
    • Article
      Lykes Bros to expand Pacific run
      587 13  -  By RAHIM KASSIM LYKES BROTHERS Steamship Company of New Orleans has announced that it will expand its trans-Pacific service to include US west coast ports sometime in March. The move is seen as an attempt by the US subsidised line to fill any gap
      587 words
    • Article
      Lock icon London freight market
      194 13 UPI FAR EAST time-chartering provided a feature in weekend fixing as a number of bulker bookings were concluded. Utah took the 63,449 dwt Gedeh at USS3.Q2-1/2 (556.6) a dwt for an end January trip from Japan to the continent via May Point and the 166,000 dwt bulk-oil
      UPI  -  194 words
    • Article, Illustration
      Crane Barge 1 modified
      208 13 THE CRANE Barge 1 (no Jtrtiae Offstore Pr«f t recently aaderweat Its tint pfeaw sf MdVleatiM it Keppel Shlpytrd far sabseqaeat lastallattaa sf machinery ui eqalpianat to ton It late a swamp drill huge. A reetaagalar aeettaa sf Its stera mwi arlag I metres ky I
      208 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      3481 17 SHIPPING LIST where your ships are due and when SCHEDULE A guide to ships loading at Singapore for Ports around the World I 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
      3,481 words
    • Article
      INDEX
      577 17 Skipping Um Page Cat ACS n 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 AustCoot IV 5 Bank n 5 Banner Maritime V 4
      577 words
    • Article
      Container Schedules
      895 18 0F EXPORT fcl containers AND LCL CARGO AT CONTAINER TERMINAL NB.(l) Each vessel's estimated time of arrival Is advised bv the Shinnin? T.trw Agent and is subject to change r| (2) All export FCL containers and LCL cargo must be delivered to thp Authority's premises during the following
      895 words
    • Article
      Who acts for whom
      906 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Aconas Line— Aconas Sdi Bhd. Adriatic Container— Coi tainer Feeders. AFEA Line— Singapor Shipping. Aguila Oriental—Same. Ahli Shipping— Sharjah. Alfred C. Toepfer LineIn termodal. Algerian National Lin (CNAN)—Unipacific. Alpac
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      Lock icon A new era for Port of Liverpool
      1430 18 FT WHEN A shipper decides to use the Port of Liverpool these days there is a good chance that as well as speaking to the marketing department he will also be asked to discuss his requirements with representatives of the dockers who will
      FT  -  1,430 words
    • Article, Illustration
      SHIPS IN PORT
      370 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Asunaro (after Patroolus) 31/32 Car Liner No. 1 (1000 after Golden Season) 45 Clara Maersk (0600 after Prima King) 6/7 Kumpang Maru (1500 after Patroolus sails) 33/34 La Plata Maru (1200 after Akri) 13/14 New Horse (0700 after Islami Taaj) 44 Sarwaguna
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      346 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents Barber Lines Singapore Pte Ltd Tet 9265' Harrisons A Croslield Kuala Lumpur Tel: leewi'S Pemas-MISC Penang Tel ***** IA RI) 1M A\ I All Orient Overseas Ca*dci*teA. Line FULLY CONTMOUSED TO/FROM US WEST/EAST COASTS, PNW (STRAITS CARGO VIA FEEDER TO/FROM HONG
      346 words
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      Page 13 Advertisements Column 2
      253 13 SEALORD ANTAH a UASC UNITED ARAB SHIPPING CO (SAG) 1 1 All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ■■ARABIAN GULF WEEKLY SERVICE! S pore Loading for 30/1 Kuwait (10/2) t Kuwait (28/2) accepting containers only 27/2 Dubai (10/3). Abu Dhabi (13/3). Doha I
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      Page 13 Advertisements Column 3
      333 13 1 k NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAMERtSED SERVICE f slow* Havre R'Aan Mbur| Brew Aaerp IS t+ UFA 12 FA 14 FA IS FA 17 FA 25 FA 71 FA 22 FA 24 FA 2S FA 27 FA IM 5M (Ha I M Site UN*
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      Page 13 Advertisements Column 4
      690 13 l:\vrctt Lines TMf MOST NIIQUCMT SAILINGS TO •AMKOR MOMOKOMC JAPAN Cecpn. S/A SOCSH.» CO W T* W7V MAERSK LINE agnoEangg FULL* CONTAINERIZED FAST DIRECT WEEKLY fO# In) Asia {Hooftonc I lapan (Tokyo Ko*e Y Keetont Kjotmvx> im Nafoya Osaka Stxnmu) a/i «/i a/i 1/2 FOR Arafranltro*an Gult IMPORT FROM East
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      819 14 Hapag-Lloyd FULLY CONTAWRISED TO EUROPE City el EdM»(h 7/2 1/3 3/3 4 3 7 3 Tain* {.press 13 2 15/2 9 3 11 3 12/3 15/3 o>*a Bay 22 2 24 2 1//3 20/3 21 3 24/3 fbe Hani 28 2 20/3 22'3 23/3 26.3 Booato* < 3 S 3
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      Page 14 Advertisements Column 2
      402 14 fs barber blue fnm OS ATLANTIC US GULF I EAST CANADA rikfir Feb 1* Ma 3/4 Ft* 2* OaS Feb 21/22 Ma *P Fa* 24 9 SMGAPOK Port Ktonf Feb 15 Ma i Ma I 1 Ma 1( Mar < Neil km* "TA6AVTAV Feb 1/2 To: US ATLANTIC US GULF
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      Page 14 Advertisements Column 3
      614 14 r EVERGREEN LINE (EVtHGREtWARINf CORPORA'ONFAR EAST/RED SEA, MEDITERRANEAN 1 EXPRESS FULL CONTAMER SERVICE ALSO ACCEPTING CARGO FOR GENOA. LATTAWA, BEIRUT ALEXANDRIA BENGHAZI. TRIPOLI (LfiYA) Vp»e 'MM tartSaJUMntf Ltftara Ftt fw 31 tan 12 f* It F* 19 Fa* 71 Ft* ?4 Ft* »F«fe f»« Hnto tF* l*Fc* ?3F* HF«* 3
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      Page 14 Advertisements Column 4
      972 14 Everett Lines Y2 V, Barm Fiva Star Sbippi Carpn. "BURMESE NATIONAL LINE' PHASMWGYARm* Vl* HTOHYWt 25/2 B F SS C Agenh m Maloyvo TEPS MALAYSIA Port Ketong Tel (38>-7355 Penong Tel *****/***** Campania Arfantina Da r Navaiadoa Irrtarcontinantal S. A. C.I. F. 4 "ARGENTINE NATIONAL LINE" Sagipvt P kdaag Perm*
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      Page 14 Advertisements Column 5
      704 14 T mo.s.E. I OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSF SHFNTON WAY MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 MAT CARP. TUE MAN MAY BREEZE SANKYO LINE AUSTRALIA SERVICE P. Katani Saifapar* Lm4r| far In Pari 25/27 lan BROOM. FREM 1/ 2 Fab 3/4
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      553 15 occ CONTAROSHP SEWHCt TO UK/COMTIIMT: Overseas Containers Limited CONTAfOSHT SEWKE FROM UK/CONTfENT: SMGAPORE IMNSnaO CONTAMER SERVICES, PTE LTD *****1 K LUMPUR CONTMO MENCKS 454M4. P .KELANG 3*8006 8 PfNANG GUTMHE BOUSTEAD SHPPMG MEMOES 3(2301/3 Q Australia Straits Container Line (A MEMBER Of THE A*o CONSORTIUM) RO-RO COWTMOSHT SERVICE TO/FROM AUSTRALIA
      553 words
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      845 15 GRANARD LINE RELIABLE 1 OCPENDABLE NON-CONFERENCE EXPRESS SERVICE WEST BOUND-FAR EAST/MBXTDMAKM My MAN FUNG V7l* Sport Plriai Penang M V XNONG FUNG V 23» M V MM I*l 22* M y MM M 24N 17 Mar 20 Ma AU KSXLS ACCEPTBK COHTAKB CABGO bM Mdab P Sad Aleiandna Limassol Bet
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      Page 15 Advertisements Column 3
      807 15 BEN LINE CONTAINERS DRESS CONTMNPt SERVICE TO/FROM H BURG BHAKN S pore P >Mi| W Germany Intra A 77/1 a/i a/2 OT«f EMwfk M tipmi Osaka Bit EfttMan J/2 13/2 15/2 9/3 JI/J 21/2 24/2 17/3 28/J 21/2 28/J a/3 V) VI 26/3 29/1 25/2 27/2 1/3 3/3 UwrpoM Bit
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      Page 15 Advertisements Column 4
      729 15 Scan Dutch 9 EXPRESS CONTAINER i torn P Mmi *n* XSCA MM IOMKM xsu 17/1 a. nw Sport 1) Mi 2) Maa 3) Hb»| I) Gb*| Wl 12/2 11/2 It/7 22/ 4ft It/7 a/2 27/2 1/ U/2 27/2 4/3 1/3 It/2 1/3 11/3 U/3 IV 2t/2 15/3 a/3 22/3 24/
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      Page 15 Advertisements Column 5
      524 15 a HI GUTHRIE BOUSTEAD Eras THE BANK LINE LTD. LYKES ORIENT LINE EXPRESS SERVICE MRECT FROM SMGAPORE TO NEW ORLEANS. MOBK.E. HOUSTON. GALVESTON. ALSO ACCEPTMG CARGO FOR BANGKOK. MAN*.A. TAIWAN. HONGKONG PUSAN AND JAPAN PORTS. NMCY LYRES Am*) LETIIM LYRES taken tin*). 7/ I Fat N/31 to* (fcdO n/* fa
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      631 16 K LINE KAWASAKI KISEN .KAISHA. LTD. PROM EUROPE TO PAR EAST PtPTUNE HMtl 12E SJ* MERCATOR IK Stk 0 C*F m Stk HK CONTAJKR 27 I P Kelang S pore ITS] 21 ton 31 iai 2 FA 5 F* 7 Fe* 12 FA 14/2 Osata Tokyo I Fife 1 FA
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      Page 16 Advertisements Column 2
      770 16 V.S.A./EAST CANADA SERVICE acoptbs fa/ia cwtmeb nw pimmk. p. koms. store LobA* tar KM TOM. HOTOII -»«ar sen 1/tiki x/HF«k m/sf* m/»f* E.c./CREAT LAKES SERVICE LbaA* tor NOT(XI TOM. MONTREN. TOMONTO. ASHTIMLA. OETROT. CMCAGO CALVORNIA/PACriC NORTH WEST SEtVICE LbbA* far LOS ANCELfS. SM FRANCISCO SEATTU TACONA. KMCOMQ > C Pf«M|
      770 words
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      Page 16 Advertisements Column 3
      514 16 :r »i*< >i 11» SINGAPORE SHIPPING AGENCIES PTE LTD S/\(, tI'OKI ISI I \/)V mtrmttwuaimm Id Rtfioe* CmUw Umi WEEKLY CONTABER SERVICES TO/FROM BANGKOK M ft/24 Jan 20/27 Jao 30/31 Ja 0/ 7 FA 13/14 FA 20/21 FA 3/ < Frt 10/11 FA 17/11 FA 24/25 FA □5R LINES Fe
      514 words
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      Page 16 Advertisements Column 4
      492 16 MAt*YSIAH INTf*NATK)HAL SHIPPING COffPOPATKM MRHAD 1) taction* Genoa. 2) Amsterdam Antwerp L Hewe. bttac Basic UK. 31 Bremen ttwwlmw. Aarfais. CopeMtapn. Helsinki 4) Malmo Stockholm Oslo 'fcctptaf I moot cargo 901 MaPer S pore 1) kUmc Stockholm Oslo. Helsinki 2) Copenhagen Aarhus 3) Bremen Antwerp Amsterdam UK. 5) Basle Bordeata
      492 words
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      773 16 INTRASEA (PTE) LTD f- jbf>t House 23-3E Orchard Road S'nq<^po''♦ 9 Telephone J3^6 1 1 *****5' t regu.ar mdependent soa/Fuu contmner service to europe Spce P >«d<| Penant MdMl Nr 171 Nrt faM hh*'MM|i a Fat 1? Fet Ttl Avon Haatur| L *y— <"t) in 2iu(H ioous *****57 no win
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      158 17 international LINE (EIL) EGYPTIAN FLAG FAST AND DRECT UNER SERVICE TO E6YPT (PORT SAD ALEXANDRIA) STORE f T Ml PENMG PI SAC MIX MM TRANS CARGO PLEASE CONTACT SCHEMER SINGAPORE TEL GENERAL AGENTS: L.N. SHIPPING PTE LTD Tel. *****11 (Sii«9oporc) TLX R*****7 SUB-AGENTS. H.S.M. (M) SON END Tel: *****3/*****7 (KL)
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      Page 17 Advertisements Column 2
      150 17 g Seatrain Full Container Service to USA foki v& stoh no no vs. MwtWMc MM 21/1 Sot* M Ouk« B*T 11/2 M 35 W (MR U GULF i/C 14/2 4/3 2/3 12/3 14/3 Full Container Service from USA Mono v& c/c gulf om la hr ram stok Stita Pnacetw 14m
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      186 17 FAR EASTWEST AFRICA SERVICES CONTAINER SERVICE lapan HJlont Sparc lipt SU) SLO Sl2 Feb 22 Feb 3 (far I Mar 2 Apr 4 Apr 13 Apr II Apr 13 May .22 Mar 31 May 5Jm 3 tun ...no I MARCH ACCEPTVC PAIIfTBED WAR SULK CARGO FOR APAPA I PORT HARCOURT
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      163 17 EXCEL MARITIME (S) PTE. LTD. 4 104. M FM. Um Ml Bufck* IM. S«( apart 2 JUUm* M 2n2C /HHOH/22H2* Agents lOAONG fM Madras/Colombo Fuj/Lae/Port Moresdy/ Orobay M IMtrpnut lb* 7011 n U(W Slrtft Fount I* 2W07/27W HB WvWijm EXCLUSIVE LASH SERVICE TO U.S. ATLANTIC GULF GKDINMBOUR* 11/J3 CO CM
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