The Business Times, 31 May 1977

Microfilm: NL9307
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, MAY 31, 1977 50CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Sell off arms call
      107 1 Reuter TOKYO, Mon. The U8 Budget Bureau has proposed that tanks, artillery and missiles belonging to US forces now In South Korea be sold to that country together with FlO and additional Phantom fighter-bombers, according to diplomatic sources quoted today by the Tokyo newspaper Yomlurl Shim
      Reuter  -  107 words
    • Article
      Lock icon Fresh Pakistan polls
      100 1 AP ISLAMABAD, Mon. Prime Minister Zulflkar All Bhutto has agreed to hold new elections for the National Assembly In order to end nearly three months of political protests that have threatened to topple his government, opposition sources claimed today. Quoting sources In the Pakistan National Alliance (PNA),
      AP  -  100 words
    • Article
      Miss Marcos is here
      41 1 THE eldest daughter of President Marcos of the Philippines, Imee, arrives here today for a threeday visit. Miss Marcos 21, who Is a student of Princeton University In the US, will leave for Kuala Lumpur on Thursday.
      41 words
    • Article
      Lock icon Britain's oil future
      61 1 UPI LONDON, Mon. Oil will be the largest single Industry In Britain by the 1980s, stockbrokers Hoare Qovett predicted today. British North Sea oil production will probably reach 120 million tonnes a year, worth £8 billion (5533.6 billion) In the early part of the decade, making Britain
      UPI  -  61 words
    • Article
      Lock icon Saudi loan for Jakarta
      50 1 Reuter JAKARTA, Mon. Saudi Arabia today gave Indonesia a US$5O million (***** million) loan to help finance the construction of a highway In East Java. The loan will be repayable In 20 years with a three per cent annual Interest and a five-year grace period. Reuter
      Reuter  -  50 words
    • Article
      Lock icon Thousands moved out
      83 1 Reuter TENS of thousands of people have been moved out from cities and towns in southern Vietnamese provinces since the beginning of this year to build new economic zone of rural and mountain areas, the official Hanoi Radio, monitored in Singapore, reported yesterday. The Radio said thousands
      Reuter  -  83 words
    • Article
      Lock icon Israeli coalition talks
      44 1 AP JERUSALEM, Mon. Leaders of the Likud bloc discussed formation of a new Israeli coalition government with President Ephraim Katzlr today after L'kud chief Menachem Begin quelled a rebellion over his choice of Mr. Moshe Dayan to be Foreign Minister.— AP
      AP  -  44 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      195 1 CENTRAL Sugars continued to command firm speculative support in a generally mixed market on the Stock Exchange of Singapore yesterday. Central Securities, Pacific Development and Perak Carbide also attracted bullish interest and at the close, the Business Times index gained a further 2.03 points at 281.23. Elsewhere,
      195 words
    • Article
      In Kuala Lumpur
      108 1 Rises Most active Cen. Sec. 1.44 .24 Central Securities 1.172.000 C. Sugars 2.89 .19 PeraJc Carbide 1,059.000 P. Carbide 1.30 .18 Pacific Dev. 795.000 Keck Seng 1.11 .05 General Lumber 758.000 Wearnes 2.87 .05 Total Turnover: 5.57M Pacific Dev Sel. Dredge Ben and Co Carlsberg 1.85 5.05
      108 words
  • Article, Illustration
    Lock icon S'pore has yet to tap US investment potential here
    622 1  -  By JOHN TAN WITH an estimated $2.6 billion invested here, the United States is Singapore's most important source of investment capital but their potential Is still far from being fully tapped. This Is because many of the largest US Industrial companies
    Source: US Embassy  -  622 words
  • Article
    Exchange acts on Central Sugars shares
    329 1 THE Stock Exchange of Singapore yesterday declared Central Sugars shares "designated securities" following heavy speculation in the counter in the past few weeks. As from today, dealings in the shares will he on an immediate basis. Settlement trading on the big board will also
    329 words
  • Article
    Fukuda thumbs-up for Sumitomo aid
    592 1 TOKYO, Mon. Japan will help Singapore develop a huge petrochemical complex on Pulau Ayer Merbau, Japanese Prime Minister Takeo Fukuda told Singapore Prime Minister Lee Kuan Yew today. A Foreign Ministry spokesman said Mr. Fukuda formally confirmed to Mr. Lee, who arrived here yesterday for
    592 words
  • Article
    Lock icon Chemicals take a knock
    203 1 Reuter TOKYO, Mon. Japan's share of the South-east Asian chemicals market fell to 60 per cent from 75 to 80 Sr cent last year, a Japan lemlcal Industry Association report said. The association blamed the decline on the low operational rate of the Japanese chemical Industry,
    Reuter  -  203 words
  • Article
    FLOATING RATE NOTE ISSUE
    162 1 CREDIT Lyonnals, one of the largest banks In the world, is believed to be In the process of finalising preparations for a floating rate note issue In the Asian dollar bond market In the near future. An announcement is expected to be made by lead manager
    162 words
  • Article
    Lock icon US pledges to build a new economic order
    706 1 Reuter PARIS, Mon. The United States promised today to throw Its vast wealth, power and Influence behind the creation of a new and fairer International economic system. Secretary of State Cyrus Vance presented the Carter Administration's detailed policy towards the Third World
    Reuter  -  706 words
  • Article
    $4m IN SIFS LOANS
    230 1 THE Development Bank of Singapore had granted loans totalling .14 million under the Small Industries Finance Scheme by the end of last month. 1 Of this, 39 per cent went to toffldlnc loans. Another H per cent was given as working capital loans, 22 Ser cent
    230 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      66 1 fo <w r HsF Wiyfbong MAF A lending hand when Wayfoong Mortgage yuu necu and Finance (Singapore) Limited it ITIOSt Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. Tel: *****7. Overseas News/TV ft Oversees Stocks P7 Radio P3 Commodities P8 Local Co News P4 Features Pt International Co Traaaport
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    • Advertisement
      Page 1 Advertisements Column 2
      64 1 SPECIALISTS SHOPPING CENTRE Orchard Roa<l Smqapore 9 Tel: *****? Great Budget-Savers FOR THE HOME Terrific discounts on a wide and varied selection of imported furniture, household furnishings, lamps, carpets, household linens. Big bargains too in the gourmet and hardware departments. GET THE BEST FOR LESS-NOW We are open all day
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    • Advertisement
      Page 1 Advertisements Column 3
      3 1 SEE BACK PAGE
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    • Advertisement
      Page 1 Advertisements Column 4
      37 1 U-BIX COMPLETE COPYNG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE Tel *****2 <S Lines) APS ELECTRONICS (M) SDN BHD KUALA LUMPUR Tel *****/*****/***** AVAILABLE FOR HIRE/ LEASE:75 HI CtAlffi Wim 18IFT. INK 35 TIN AANE WITH INFT. INN
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      1318 2 Extracts from the 1976 Statement to Shareholders by Mr D.K. Newbigging,Chairman, The Hongkong Land Company Ltd iii Ri Good Year for the Group 1976 was a good year for Hong Kong, for the commercial sector generally, and for your Group. We have proceeded with our development plans, and the Group's
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  • OVERSEAS
    • Article
      Lock icon CARTER MAY BE UNABLE TO KEEP PLEDGES ON U.S. ECONOMY
      707 3 AP WASHINGTON. Mon. Evidence is mounting that President Carter will be unable to deliver his economic promises during the current presidential term expiring in 1980. In the next year or so, It is likely Mr. Carter will have to choose
      AP  -  707 words
    • Article
      Lock icon California woos Japanese car makers
      166 3 AP LOS ANGELES, Mon. California's Governor announced yesterday that he is sending one of his top aides to Tokyo this week to discuss the possibility of one or more Japanese car manufacturer building assembly plants in the state. Governor Edmund Brown Jr., who made an
      AP  -  166 words
    • Article
      Lock icon American machine tool orders lower in April
      283 3 NYT NEW YORK, Mon. Machine tool orders in April ran well ahead of a year ago but were below the March total, the National Machine Tool Builders Association reported over the weekend. The trade association's statistics showed that shipments were trailing yearago levels
      NYT  -  283 words
    • Article
      Lock icon Seoul-NZ fishery talks
      256 3 UPI WELLINGTON. Mon. South Korean fisheries officials today met their New Zealand counterparts to discuss the question of access to this country's 320-km economic zone for Korean fishing vessels. Legislation to implement the zone was introduced in Parliament last week but will not come into operation until
      UPI  -  256 words
    • Article
      Lock icon Approval of Shelf accord by Diet assured
      311 3 Reuter TOKYO. Mon. The agreement for joint exploration of the continental •helf between Japan and South Korea was assured of parliamentary approval when the current Diet section due to have ended last Saturday wu extended for 12 days. With the extension of the
      Reuter  -  311 words
    • Article
      Lock icon Outline projects first call by Japanese
      342 3 Reuter TOKYO. Mon. International Trade and Industry Minister Tatsuo Tanaka said It Is undesirable for Japan and the Soviet Union to work on a longterm economic cooperation pact before development projects are determined. Mr. Tanaka said this In reply to visiting Soviet Foreign Trade
      Reuter  -  342 words
    • Article
      Lock icon Stockpile going up as less eat rice
      224 3 Reuter TOKYO, Mon. The Agriculture Forestry Ministry said the government rice stockpile will rise by 23 per cent to 3.2 million tonnes by the end of the 1977 rice year on Oct 31 from 2.6 million a year earlier, despite the poor rice
      Reuter  -  224 words
    • Article
      Lock icon Loan limit raised
      126 3 Reuter TOKYO. Mon. The Finance Ministry said It will allow foreign borrowers to raise larger loans in the Japanese capital market following an improvement in the nation's balance of payments. Ministry officials said Banque Francaise du Commerce Exterieur will be allowed to float a 20 billion yen
      Reuter  -  126 words
    • Article
      Lock icon Navy dreamboats?
      137 3 AP WASHINGTON. Mon.— US Representative Les Aspln said today the navy wants to spend USJI trillion (552.46 trillion) on ships over the next 15 years and suggested it change its theme song from "Anchors Awelgh" to "The Impossible Dream." "With all the problems in the shipyards massive delays,
      AP  -  137 words
    • Article
      Lock icon TAKING ADVANTAGE OF TAX SHELTERS
      322 3 AP WASHINGTON, Mon. American investors are using government tax shelters to construct office buildings and shopping centres, but relatively little low and moderate-Income rental housing according to a US congressional study. The study, prepared" by the Congressional Budget Office, says the American government loses US$l.3
      AP  -  322 words
    • Article
      Lock icon Latin America puts the slump behind
      374 3 UPI GUATEMALA CITY, Mon. Latin America last year began to pull out of a twoyear economic recession, doubling its economic growth rate, according to the annual report of the Inter-American Development Bank (BID) released yesterday. The report was made public on the eve of
      UPI  -  374 words
    • Article
      Lock icon Sadat says use of oil weapon unlikely
      594 3 UPI CAIRO, Mon. President Anwar Sadat says another Arab oil embargo against the West Is unlikely and Is pessimistic about the chances of an early improvement in strained Egyp-tian-Sovlet relations. Addressing a news conference yesterday, Mr. Sadat revived demands for billions of dollars
      UPI  -  594 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      46 3 The French Restaurant that truly flatters your taste for the finest. In food, service and quiet entertainment. Dine by candlelight on exquisite French fare And dance to soft music by The Belvedere Trio. Come to The Belvedere Singapore's French restaurant par excellence. T J m y>*
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    • Advertisement
      Page 3 Advertisements Column 2
      92 3 fUBJD MM FURIIITURE For OFFICE EQUIPMENT and QUALITY SHELVINGS ll A complete range of quality office furniture and equipment consisting of desks, cabinets, chairs and aH other office requirements. 1 OEM open and closed type shelvings provide flexible load carry capacity for every storage need. AN OEM products are phosphate
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      285 3 RADIO TV 1 i SINGAPORE 5 3.00 PM Opening Announcements followed by Flying Nun (Repeat) 0 3.30 Diary of Events (English) 3.35 General Hospital 4.15 Magazine Zero One (Repeat) a 4.30 Intermission 6.05 Opening Announcements followed by Porky Pig Show 0 6.30 News in Brief 0 6.35 Boy Dominic A
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    • Miscellaneous
      Page 3 Miscellaneous Column 2
      54 3 I THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on April 30 at Singapore airport. Maximum Temperature 32.9° C Associated Humidity r 64 Minimum Temperature 24.2° C Associated Humidity 97 Hours of Sunshine 5.30 Rainfall in Millimetres trace Total Rainfall for the Month 117.7 Total Rainy Days
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  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      653 4 Curreat Ex Dale Tetalfcr Total for payment Date payable the year previous ye. Hifhlaad Lewlaad 19% May 4 May 31 40* 8M1 15* Apr 20 May 31 28* 20* «MDuk)r 11*1 Apr 29 May 31 11*1 If* Tmhohi 4* Apr 25 May 31 8* 8* HawPar(Loadoa)(h> 4.5* May
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    • Latest results
      • Article
        GOODWOOD PARK HOTEL
        38 4 Unaudited group pre-tax profit $2.58 million (*1.82 million) for the first six months ended March 31, 1977. Turnover $17.27 million ($13.93 million). Company pre-tax profit $1.38 million ($1.29 million) on turnover $5.76 million ($5.45 million).
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      • Article
        MING COURT
        22 4 UQ- audited pre-tax profit $772,432 ($381,087) on sales $5.69 million ($5.05 million) for the first half-year ended March 31, 1977.
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      • Article
        HOTEL MALAYSIA
        21 4 Unaudited pre-tax profit $256,659 ($251,062) on turnover $3.02 million ($729,310) for the first six months ended March 31, 1977.
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      • Article
        MALAYSIAN FEEDMILLS
        47 4 Unaudited group pre-tax profit M 52.15 million ($1.79 million) for year ended Dec 31, 1976. Tax $1.25 million ($680,963), leaving net attributable profit at $903,715 ($l.ll million). Company pre-tax profit $2.39 million ($l.BB million). Tax $1.1 million ($638,000) leaving net profit $1.29 million ($1.25 million).
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    • Article
      PEOPLE IN BUSINESS
      103 4 DR. Muljana W. of Bank Indonesia was elected president of the Indonesian Business Association of Singapore at its third AOM on May 28. Mr. Tone Djoe of Tunas Pte. Ltd., and Mr. Tan Keong Choon of Tropical Produce Pte. Ltd., were elected vice presidents. Other office bearers
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    • Article
      YHS PROFIT UP
      447 4 BUOYED by the hefty earnings of Its associate comeny In Malaysia, Yeo Hlap ng has posted a near 39 per cent rise In group pretax profit to $3.28 million for the first six months ended March 31, 1977. Its 40 per cent associate company, Yeo Hlap Seng
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    • Article
      Setron group turns in record sales of $125m
      962 4 SETRON managed to do more than hold Its own In 1976 when the vaunted recovery in the world economy turned cut to be slower than generally anticipated. The Setron group of two subsidiaries and four associates turned in record total sales of
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    • Article
      C.K. Tang looks forward to another buoyant year
      586 4 C.K. TANO is looking forward to another buoyant year In 1977 following a very successful 1976 when pretax profit soared 113.8 per cent to $2.25 million. "Our growth in 1977 should get an extra lift from our additional lines and products priced
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    • Article
      C. Securities advances in active trading
      362 4 CENTRAL Securities, a current speculative favourite on the Kuala Lumpur stock market, surged strongly ahead In active trading yesterday following rumours that the option It issued for the sale of an oil palm estate for Msls million has been exercised. The share closed at
      362 words
    • Article
      Straits Trading income gets an uplift
      260 4 AS anticipated, the buoyant conditions in the tin and rubber markets helped boost earnings at Straits Trading last year. For the year ended Dec 31, 1976, group pre-tax profit rose 14.7 per cent to $30.41 million on an increase of 31.7 per cent in
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    • COMPANY MEETINGS
    • Article
      Lock icon Bill that will draw the banking world's attention
      794 4 WASHINGTON: NYT A BANKING official here, peering out a window towards the Capitol recently, made an Interesting, though perhaps understated, comment on soi ~e legislation expected to be considered by Congress fairly soon. It will produce, he predicted, one of the battles
      NYT  -  794 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      166 4 THIS ANNOUNCEMENT APPEARS AS A MATTER OF RECORD ONLY South Pacific "textile Industries Berhad RIGHTS ISSUE of 4,200,000 Ordinary Shares at AA$l.OO each MANAGING UNDERWRITERS MALAYSIAN INDUSTRIAL DEVELOPMENT FINANCE BERHAD RAKYAT FIRST MERCHANT BANKERS BERHAD CO-UNDERWRITERS AMANAH-CHASE MERCHANT BANK BERHAD ASIAVEST MERCHANT BANKERS (M) BERHAD MALAYSIAN INTERNATIONAL MERCHANT BANKERS BERHAD
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Krupp Steel cuts losses
      188 5 BOCHUM, Mon. Fried Krupp Huettenwerke was in balance during March and April this year, management board chairman Mr. Robert Mlntrop said. He told the annual press conference the company made a loss In January and February but It was much smaller than the same period of
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    • Article
      Lock icon Aumar
      33 5 Reuter FRANKFURT, Mon. The 100 million mark seven-year Eurobond for the Spanish motorway authority Autopistas de Mare Nostrum will probably carry a 7.75 per cent coupon, lead manager Dresdner Bank confirmed. Reuter
      Reuter  -  33 words
    • Article
      Lock icon C. Itoh expects slight drop
      204 5 JAPANESE COMPANIES Reuter THOUGH it achieved an impressive turnround last year. C. Itoh does not anticipate a strong followthrough In the current year ending March 31, 1978. On the contrary, the company expects after-tax profit to fall slightly to five billion yen on sales of
      Reuter  -  204 words
    • Article
      Lock icon M. Electric buoyant
      153 5 Reuter AFTER-TAX profit at Mitsubishi Electric, more than doubled to 8.55 billion yen for the year ended March 31, 1977 from four billion yen previously. The steep rise In earnings was achieved on the back of an Increase of about 18 per cent in sales to 696.29
      Reuter  -  153 words
    • Article
      Lock icon MITSUI ANTICIPATES MODERATE GROWTH
      206 5 Reuter MITSUI expects a moderate net income growth In the current year ending March 31,1978 on an estimated rise of 7.5 per cent In sales to 9.7 trillion yen. The company did not make any profit forecast but said It also expects to pay an unchanged
      Reuter  -  206 words
    • Article
      Setback at Esmark
      144 5 NORTH AMERICAN COMPANIES A MAJOR decline in the earnings of its food subsidiary. Swift brought net earnings at Esmark down to U5519.51 million or $1.05 a share for the second quarter ended April 30, 1977 from $25.28 million or $1.41 a share a year ago. Revenue for
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    • Article
      Lock icon Citicorp revises forecast
      104 5 Reuter CITICORP executive vice president Mr. Reuben F. Richards said domestic loan demand has not recovered in the first two months of the second quarter as had been earlier expected. He told reporters prior to addressing analysts here that Citicorp now expects the anticipated increase in corporate
      Reuter  -  104 words
    • Article
      Lucky Stores
      71 5 LUCKY STORES has enJoyed a 47.9 per cent jump In net profit to U5511.33 million ($7.66 million) in the first quarter ended May 1, 1977. The profit increase was achieved on the back of a 10.5 per cent rise in sales to $894 million ($BO9 million). Earnings per
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    • Article
      Lock icon Lockheed meet
      64 5 Reuter LOCKHEED AIRCRAFT has tentatively set a Sept 20 date for Its annual meeting now that the report on the company's payments controversy has been released, chairman Mr. Robert Haack said. Mr. Haack repeated that he expects to step down as chairman of the company In the not
      Reuter  -  64 words
    • Article
      Manitoba
      34 5 ISSUE price will be in Canadian dollars 99 V» per cent and coupon 6% per cent for the Province of Manitoba HK$l5O million bond issue due 1982, Wardley (Vila) said as lead manager.
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    • Article
      Lock icon GM will remain in New York
      158 5 AP GENERAL MOTORS chairman Mr. Thomas Murphy has pleged that the company will keep its hea'dquarters In New York City, which he called the "financial capital of the world." "General Motors has always been proud" to be part of New York, Mr. Murphy said,
      AP  -  158 words
    • Article
      Lock icon Northern Trust
      40 5 Reuter NORTHERN TRUST will open a branch In Hongkong on June 1 to conduct the activities of a registered deposit-taking company. The bank, principal subsidiary of Nortrust Corp, has maintained a representative office in Hongkont since early 1974.
      Reuter  -  40 words
    • Article
      Lock icon New bill proposal for small business
      559 5  -  By Elizabeth Fowler NYT THE figures are as stark as the bare bones of a dead tree: Out of 400,000 small business failures each year, more than 90 per cent are rooted in management weaknesses. The Small Business Administration has been attempting to alleviate
      NYT  -  559 words
    • Article
      Lock icon Exports boost M. Heavy Industries
      135 5 Reuter GOOD export performances of its machinery and plant divisions and Increased ship exports raised both sales and earnings at Mitsubishi Heavy Industries last year. The company made an after-tax profit of 17.97 billion yen for the year ended March 31, 1977 up 21 per
      Reuter  -  135 words
    • Article
      Lock icon Honda to issue ADRs
      54 5 Reuter HONDA MOTOR said It is considering issuing new American depositary receipts (ADRs) to raise low cost funds to finance investment. It declined to confirm a report In Nlhon Kelzai newspaper issue will total US$75 million. Honda raised $50 million In December through European depositary receipt
      Reuter  -  54 words
    • Article
      Sharp upturn at Toshiba
      150 5 INCREASED operating profit and rationalisation efforts contributed to a sharp rise of 59 per cent In earnings at Tokyo Shlbaura Electric (Toshiba) last year. After-tax profit rose from 8.7 billion yen to 13.8 billion yen for the year ended March 31, 1977. Sales rose by only
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    • Article
      Mitsubishi hopes to increase dividend
      125 5 MITSUBISHI CORPORATION hopes to raise its dividend for the current year to seven yen from 6.75 yen for the year ended March 31, 1977 though It Is uncertain about Its earnings prospects. The company paid a dividend of 8.50 yen In 1975/76. However, according to
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    • Article
      Lock icon Nippon Oil sales reach all-time high
      114 5 UPI NIPPON OIL'S earnings In the last business year quadrupled over the previous year as a result of increases in the yen's value. Its profit reached U8576.4 million, including foreign exchange gains totalling <36.3 million as the yen value rose to 281 against the
      UPI  -  114 words
    • Article
      Lock icon Phoenix estimates increased profit
      130 5 UK COMPANIES Reuter PHOENIX ASSURANCE has estimated a pre-tax profit of £6.9 million for the first three months ended March 31, 1977 compared with £4.7 million previously This makes for an earnings per share of 6.4p against four pence last time. The pre-tax profit is after
      Reuter  -  130 words
    • Article
      Lock icon U. Dominions
      67 5 Reuter UNITED DOMINIONS TRUST said the dividend on its 3.15 per cent preference stocks due on June 30 will be paid on that date, together with accumulated dividend arrears. The total dividend will be 7.875 per cent, representing 1.575 per cent for each of the half years from
      Reuter  -  67 words
    • Article
      Lock icon Income up at STC
      144 5 Reuter ON AN Increase of 12.8 per cent in sales, Standard Telephones and Cables has i grossed a pre-tax Income of i £28 million for the year i ended Dec 31, 1976 compared with £26 million in < 1975. < Sales last year amounted 1 to
      Reuter  -  144 words
    • Article
      BOC Int'l enjoys earnings rise
      112 5 BOC INTERNATIONAL made a pre-tax profit of £36.5 million on group sales of £325 million for the first half-year ended March 31, 1977. This represents an increase of 24 per cent over a pre-tax profit of £29.5 million on sales of £271.4 million l/i the
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    • Article
      Bass Charrington higher
      95 5 BOOSTED by a 16 per cent increase In sales, pre-tax profit at Bass Charrlngton rose to £35.5 million for the 28 weeks ended April 9, 1977 from £28.2 million previously. Sales were £468.7 million, up from £402.4 million last time. Trading profit amounted to £40.4 million (£34.5
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      214 5 How well do you know your Australian Birds? The Qantastic 'One stop to London'bird Starting June 16th. > '.rh t 4 V m 2VT« <& 0 •5". -J I few s r 7 I 'I'' J;,, j I A f ~r i l M /f^m I i J! ®K i
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  • Article
    Share Information Service
    2176 6 Gr'» Gr'i Nat 1977 1 div Div y'U P/E Val Day Hifh Low Company Sale +or- c *vr CO*) High Low SECTION ONE INDUSTRIALS 146 136 Ac ma 144 12.ON 1.1 8.3 7.2 m 133 127 Acma A 129 12.ON 1.1 9.3 6.5 204 204 Alcom 204
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  • Article
    Transactions in Singapore
    1299 6 810 and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown tn brackets In lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word Sett." Big Board
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  • Article
    In Kuala Lumpur
    1315 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with tne number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified. INDUSTRIAL* Alcom <1 "OS I A. Ch«e (0 908 0.918) (t) 091
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  • Article
    Stock options
    64 6 STRIKING pricea of the atock options officially listed on the Stock Exchange of Singapore, the period*, bid and offer pricea and business done yeaterday, with the number of optiona traded ahown in bracketa. COLD STORAGE (Sept $2.70) (0.07B) (Dec $2.70) (0.14B) DBS (June $3 90) (0.035) Inchcape (June
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  • Article
    Unit trusts
    166 6 SINGAPORE UNIT TRUST INCOME BOND UNIT ((Managers' price* for May 31) (Current price*) The Commerce 1 62 1 7lxd INCOME BOND 1 05 1.11 The Saving Fund 0 90 0 95 S'pore Prog Fund 0 82 0 87 MARA BUMIPUTRA FUND S pore Security Fund 1.46 1.54 (Manager*'
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  • Article
    CORPORATE BONDS
    155 6 B O T 7 5/8% 1984 (100,000) (.98'iB 98V,S) B O T 8 1/2% 1981 (100,000) (102'48 103S) D B S 8 1/2% 1982 (100.000) (100HB 101 *S) DBS Converts 6 1/2% 1991 (100.000) (97%8 98SS) El 89% 1982 (100,000) (103 '*B 103HS) E I B 8 1/4%
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    GOVERNMENT BONDS
    113 6 5 1/2% l/4/78(250.000)(101.50B 101 575) 5 1/2% 15/4/78 (250.000) (101 458 101 60S) 5 1/4% 15/7/78 (250.000) (101 458 101.555) 43/4% l/5/79(250.000)(100 808 100.84S) 7% 1/7/79 (250.000) (104 658) 5 1/4% 15/10/79 (250.000) (101 70B) 6 3/4% 15/6/80 (250,000) (103 358) 6 3/4% 1/12/80 (250.000) (103 358) 5%
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  • Article, Illustration
    C. SUGARS SPARKLES
    429 7 CENTRAL SUGARS continued to command firm speculative support in generally mixed market the Stock Exchange of Singapore yesterday. Sentiment in thia particular counter had boon rather nervous in recent weeka although the ahare forced strongly ahead. Last week, the share chalked up a solid 87-cent gain in
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  • Article
    SELECTIVE GAINS AT KL
    483 7 SPECULATIVE "quintet," Central Sugars, Central Securities, Perak Carbide, General Lumber and Pacific Development Credit dominated trading on the Kuala Lumpur stock market yesterday. Call, except General Lumber, closed at the day's peak with turnovers accounting for almost 80 per cent of the day's total volume of
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  • Article
    Lock icon Kuwait stock market faces bright future
    583 7 NYT THE Kuwait Stock Exchange will probably never challenge the supremacy of the big board, nut. on basis of trading activity the llfeblood of any market its backers believe the future is assured. On one frenetic day last fall, the Infant exchange recorded a
    NYT  -  583 words
  • Article
    Lock icon Snow Brand profit
    103 7 Reuter TOKYO, Mon. For th. year ended March 31, 1977 Snow Brand Milk Products made an after-tax profit of 2.91 billion yen on sales of 370.92 billion yen. This compares with an after-tax profit of 2.57 billion yen on sales of 343.77 billion yen previously. The company
    Reuter  -  103 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      366 7 HONOKONO: The market closed lower In dull trading on Monday, following the fall on Wall Street and amid uncertainties about the local economic situation and the world oil price position, dealers said. The Hang Seng Index dropped 3.27 points to close at 438.07 points. Jardine Math—on fell 40 cents
      366 words
    • Article
      Tokyo
      484 7 TOKYO: Prices eased In light trading In the absence of fresh stimuli on Monday, dealers said. The Dow Jones average lost 9.25 to close at 4,980.30 with volume 100 million shares. The new Index finished at 375.22, down 0.37. Scattered buying Interest was seen In some leading Issues and
      484 words
    • Article
      Manila
      162 7 MANILA: The stock market was firm across-the-board on higher turnover, dealers said on Monday. Total turnover rose to 2.01 million pesos from Friday's 1.94 million. Oalners Included Acofc Mining. Phil Overseas, San Miguel A and B and Oriental A, but Atlas Con B lost ground. Unchanged Issues Included Atlas
      162 words
    • Article
      Sydney
      406 7 SYDNEY: The market fell sharply in quiet trading on Monday, dealers said. The Sydney All Ordinaries index dropped 3.02 points to close at 459.08. Antpol rose three to 98 cents and Poke two to 5.78, but Pancontinental lost 00 to 10.00, Queensland Mines three to 2.42, Kathleen Investments 18
      406 words
    • Article
      Bangkok
      99 7 MAY M Bahts Asia Pibrc Bangkok Bank Bangkok Invest. Bangkok-Metro-politan Bank Bata 163 297 1«1 449 unch urvch -I Berll Jucker CharoongThal Wire Dumex 252 IMS unch Duslt Thanl Paber Merlin First Trust Indo-Thal 1808 1 1 IT Industrial Finance Carp 1185 J And J Ho Jalaprathan Cement Karnasuta
      99 words
  • Article
    Lock icon Age old battle of wits begins as new 'game' makes its debut
    1229 7  -  PUT OPTION TRADING By VARTANIG G. VARTAN NYT A NEW game Is coming to the market on Friday, and for stock traders and Investors the age old battle of wits for profit promises to be never quite the
    NYT  -  1,229 words
  • Article
    Lock icon Shares trading at their lowest since 1974
    526 7 NYT NEW YORK, Mon. In terms of earning power, stocks are trading at their lowest point since the bearmarket bottom of 1974 and, by some Indexes, at their lowest level since the *****. By almost any measure you have to go back a
    NYT  -  526 words
  • Article
    Lock icon Previous sales offset
    135 7 UPI TOKYO. Mon. Japan's three major construction firms said sales in the financial year to March 31, 1977 levelled off against the previous year and two of them registered lower net profit. Taisei, Shimlzu Construction and Ohbayashi-Oumi, blamed the sluggish business results on depressed corporate investments in
    UPI  -  135 words
  • Article
    Lock icon Record income for fish wholesalers
    102 7 UPI TOKYO, Mon. Japanese fish wholesalers are grateful for the moment, at least, for higher fish prices that resulted In record income over the last business year ending in March. Five major Japanese fish wholesalers listed on the Tokyo and Osaka stock markets have reported
    UPI  -  102 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      356 7 >, Yes, Penguin books are not to be found in any ordinary shop. N Qt n roa d" s c e stalls. Heavens, certainly not in the pasar ma I am! Because Penguin books are rather special. They are mind-stimulating, deeply researched, fc entertaining in a wholesome way, highly educational
      356 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      360 8 OPENING quotations In the Singapore rubber market yesterday were marked down half a cent following lower London advices In a quiet and uncertain market until towards noon when prices firmed slightly on some covering of June and July, they said. Some physical enquiries for prompt
      360 words
    • Article
      R.A.S. PRICES
      317 8 Noon Cloae Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt f.o.b. 193.25 193.758 193.50 194.50 Int. 1 R.S.S. June 192.75 193.00 193.00 193.50 Int. 1 R.S.S July 196 50 196.75 196.75 197.00 Int. 2 R.S.S. 189 25 190.2SN 189.50 190.SON UK/Cont. 188.25 189.25N 188.50 189.SON Int. 3 R.S.S.
      317 words
    • Article
      SSR AND SMR
      86 8 S.A.8. JOB* (CamatMtk) (FwwuS Mtk) <canl la par kg) (MBI Mparkt) SSR20 (1-ton Pallet) 192.00 193.00N 193.50 194.SON SSR50 (1-ton Pallet) 189 50 190 SON 191.00 192.00N M.R.E.L.B. SMR5CV (1-ton Pallet) 215 50 217.50N 217.50 219.SON SMR 5L (1-ton Pallet) 214.00 218.00N 218.00 218.00N SMR 5 (1-ton
      86 words
    • Article
      Closing prices
      29 8 Rubber: May 30 Singapore: June 193.00 eta (unchanged) Malay aia: June 194.00 eta (down 0.2S ct) Tin: $1,455 (down $2) Official offering: 274 tonnee (down 87 tonnes)
      29 words
    • Article
      Cocoa
      164 8 LONDON, Mon. Terminal opened quiet with prices unchanged to £38 down In sales of only 47 lots. But Immediately following the opening call the Sep position was offered at £2,449 the €40 limit down level. Dealers said the market was expected to open lower following the easier trend In
      164 words
    • Article
      Coffee
      158 8 LONDON, Mon. Futures ended the opening call with losses from Friday of £115 to £40. 305 lots were traded and the market tone was 'slightly easier.' Early commission house and local dealer selling reflecting New York's limit down close was Initially absorbed by trade buying but when this dried
      158 words
    • Article
      Produce exchange
      335 8 TRADING conditions ruled generally dull in the Singapore commodity market yesterday. Business was minimal and confined mostly to switch and booksquaring accounts. The only deals clinched with overseas were In small lots sold to West Asian ports, mainly for nearby shipments. Inquiries from these ports continued to pour
      335 words
    • Article
      Hongkong comex
      271 8 HONGKONG, Mon. Cotton futures closed lower with losses ranging from 0.42 to 0.94 US cents In line with Friday's decline In New York, dealers said. Total turnover rose to 155 lots from Friday's 62. March was actively traded with 109 lots, due to Its large open position, dealers
      271 words
    • Article
      Rice
      210 8 BANGKOK, Mon. Indicative prices for rice quoted In Bangkok were: (US dollars per tonne (ob basis Bangkok) White Rice: 100 per cent Ist class 294 100 per cent 2nd 270 100 per cent 3rd 275 5 per cent 282 10 per cent 239 IS per cent 234 20 per
      210 words
    • Article
      Sugar
      126 8 LONDON, Mon. Terminal opened Irregular £2.70 to £1.80 down In sales of 353 lots. Dealers said stoploss selling orders were triggered at the opening call and losses of upto £3.50 were recorded before trade buying and short covering gave some support to the market. A lower opening had been
      126 words
    • Article
      Silver
      64 8 LONDON, Mon. Silver in the morning showed losses of 1.5 to 2.0 pence per troy ounce. The late downturn at New York on Friday and lower gold combined to dampen sentiment, dealers said. Trading Interest was at. a low ebb but with the bullion dealers fix providing support, the
      64 words
    • Article
      Gold
      173 8 IN the Singapore (old market yesterday, the kilobar opened at 8911,545 and In qalet conditions drifted lower to close at 111,530. The loco London market opened at 144.70/145.00 and followed similar trend In the Singapore market to close at 144.50/80. The London morning fix was U*****.00, down 40 cents
      173 words
    • Article
      Straits tin market
      140 8 THE Straits tin price In Penang yesterday was down 92 to 91,455 on an official offering down 87 tonnes to 274 tonnes. In LONDON yesterday morning, tin lost £15 for cash and £12 for Three Months In the standard contract. High grade was £15 and £4 lower,
      140 words
    • Article
      Copper
      98 8 LONDON, Mon. Copper wire bars finished the morning with losses of mostly £8 per tonne. The market was very quiet In the absence of fresh orders largely due to today's holidays on the Continent and In the US. Values were steady In the pre-market where Three Months traded at
      98 words
    • Article
      Lead
      51 8 LONDON, Mon. Lead declined by £3.75 for cash and £2.50 for Three Months. The market was steady compared with the slightly lower levels ruling on Friday's late kerb. Small scale two way trading emerged In the ring around the £380 per tonne level for Three Months. Sales were 1,900
      51 words
    • Article
      Zinc
      45 8 LONDON, Mon. Zinc closed the morning with losses of mostly £3 per tonne. This metal also lost some ground In line with the general trend but held relatively steady at the lower levels In the absence of significant pressure. Sales were only 825 tonnes.
      45 words
    • Article
      Lock icon 'CUT BACK USE OF SOYBEAN MEAL'
      317 8 Reuter LONDON, Mon. A sharper than expected cutback In world usage of soybean meal will be necessary over the next four months to prevent reserve stocks from falling below minimum operating levels, according to the Hamburgbased 'Oil World'. The weekly publication said that because
      Reuter  -  317 words
    • Article
      Lock icon Pilot irrigation project uses solar energy
      714 8 NYT GILA BEND (Arizona), Mon. Under the searing sun of central Arizona, a strange "crop" occupies one section on the Gila River Ranch, surrounded by fields of cotton and alfalfa. Row upon row of curved, shiny aluminium planks are rotating face up toward the
      NYT  -  714 words
    • Article
      Lock icon US buys less palm oil
      87 8 Reuter WASHINGTON, Mon. US Imports of palm oil during April fell to 49,859,751 lbs from 78,696,258 lbe the previous month, and were down from the 63,078,825 lbs Imported In April, 1976, according to Census Bureau figures. The bulk of the April imports emanated from Malaysia
      Reuter  -  87 words
    • Article
      Lock icon Silver stocks
      73 8 Reuter WASHINGTON, Mon. World stocks of refined silver declined 1.5 million trov ounces during April, following an increase of 1.3 million ounces in March, the Silver Institute reported. The institute said refined silver stocks held by U.S. refiners at end-April totalled 6.6 million ounces, while stocks of all
      Reuter  -  73 words
    • Article
      Lock icon Larger Brazil pepper crop
      335 8 Reuter RIO DE JANEIRO, Mon. Brazil's pepper crop this year should total 20 to 30 per cent more than last year due to dry weather In the main producing area In Apra state around Belem between September and December last, trade sources said. Estimates as to
      Reuter  -  335 words
    • Article
      Lock icon Castor seed
      44 8 Reuter BANGKOK, Mon. Thai castor seed production In 1977 will fall to between 12,000 and 15,000 tonnes from 25,000 last year. Agricultural and Cooperatives Ministry sources forecast. They said lower castor seed prices have led farmers to switch to other crops. Reuter.
      Reuter  -  44 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      564 8 ACTIVITY In Singapore's inter-bank market yesterday was centred on local money market transactions. Overnight money rose to as high as eight per cent during post-clearing hours from the opening level of 3 1/4 per cent. The morning session saw mainly thin trading In overnight funds within the 3 1/4
      564 words
    • Article
      Asian $ rates
      141 8 Asian rates ASIAN currency deposit Interbank rates as at cloae on May 30. US Dollar* (Spot) Offer BU 7 days IH 5* 1 mth «V1« #1/16 2 mths «H 5% 3 mths 6 mths $H 6% 9 mths <V1« 6 1/1$ 12 mths IS 8S 8w. Fr». Dos. (middle price*)
      141 words
    • Article
      Discount
      48 8 RANGE of price* offered by discount houses on May 30. Overnight 3* Call deposit 2SS to 3V Ctaaiag Buy Selling 3-Month Treasury bills 3 2 7/8 3-Month Bank bill* 4 1/18 315/16 3-Month CD 41/4 41/8 0-Month CD 4 7/1# 4 5/16 Source: National Discount Co. Ltd.
      48 words
    • Article
      Minimum lending rates
      52 8 ACBC m Firat Ckicafo Baockok Baik 7 Bui at America (H HSBC 7 laiiw «H Bank of China 7 Baak ot Takyo m Bank Nagara Malayaa Baakiac MiUui Baak «H OCBC «H OUB «H Ckartarad Baak t Ckaac Maakattaa C v« V, UCB 7 UMBC 7 DBS
      52 words
    • Article
      London
      146 8 LONDON, Mon. Sterling gained slightly against the dollar to 1.7172/74 In early trading from 1.7167/69 at Friday's close and settled later at 1.7171/73 In featureless trading, dealers said. Continental market closures and the U8 Memorial Day holiday restricted activity to a minimum, they added. The mark moved to 2.3545/60
      146 words
    • Article
      Australia/NZ
      47 8 AUBTRALIA/NZ exchanges quoted on May 30 Australia: Sterling 0.6462/0.6392 US dollar 1.1061/1.1013 Ninety-day air mall buying rates: Sterling 0.6651 US dollars 1.1311 Ninety-day forward buying rates: sterling 0.6468 US dollar 0.9664/0.9564 New Zealand: Sterling 0.5602/0.5571 US dollar 0.964/0.9564 Ninety-day forward rate: Sterling 0.5814 US dollar 0.9865
      47 words
    • Article
      Tokyo
      159 8 TOKYO, Mon. The US dollar for overnight delivery recovered on Import covering to close at the day's high of 277.30 yen, compared with 277.20 at the opening and 277.18 at Friday's close. After a steady opening, the US unit eased on selling by banks in anticipation of increased sales
      159 words
    • Article
      Hongkong
      84 8 HONGKONG, Mon. The US dollar drifted lower to a late HK54.6885/95 from Friday's 4.6935/50 in quiet featureless trading dealers said. The US unit also weakened to 2.3550/55 marks from the 2.3570/80 New York close. HONGKONG banknotes quoted on May 30 US 4 67/4 69 UK 8 13/8.23 Burma 1.00/2.00
      84 words
    • Article
      Euro $ rates
      102 8 Euro rates LONDON, Mon. Trading in Eurodollar deposits was very quiet because of the holiday In Europe and the United States, dealers said. Rates opened basically steady around Friday's closings and have since shown little change. The overnight rate was unquoted owing to the US holiday and the One Month
      102 words
    • Article
      Eurobond prices
      181 8 LONDON, Mon. Straight dollar bonds were slightly easier In very quiet trading reflecting the Whltsun holiday on the Continent, dealers said. Convertible bonds were basically unchanged In dull trading. LONDON Eurobond prices quoted on May 30 Bid Offer Austria 8%. SO Bell Cahada SV. M BFCE t\ 83
      181 words
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      Page 8 Advertisements Column 1
      189 8 tTTIVnIJ MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is
      189 words
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  • Article, Illustration
    Lock icon The big markets of the small screen
    986 9  -  The world's television companies are so hungry for material that a once tiny conference is now an annual bustle of buying, selling and bartering. The French resort of Cannes is just recovering from the most recent jamboree. By ARTHUR SANDLES FT TIME was
    FT  -  986 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      1673 9 vlsia Commercial Banking Corporation Limited B m m (Incorporated in the Republic of Singapore) and its subsidiary companies CONSOLIDATED BALANCE SHEET 31ST DECEMBER 1976 BALANCE SHEET 31ST DECEMBER 1976 SHARE CAPITAL Authorised 100,000,000 shares ofsl each Issued and fully paid CAPITAL RESERVE GENERAL RESERVE REVENUE RESERVE Unappropriated profit Total Share
      1,673 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      S'poreans make more overseas telephone and telex calls
      157 10 SINGAPOREANS are making more International telephone calls and telex calls but are cutting down on. the number of telegrams they are sending, according to the Statistics Department. The number of international telex calls last year increased by 40 per cent to 2.33
      157 words
    • Article
      FEFC brochure on freight rates
      175 10 CONTAINERISATION has demanded a totally new approach to transport since shipowners have now assumed the roles of through transport operators, rather than merely ocean carriers. Bearing this in mind, the Far Eastern Freight Conference (FEFC) has issued a new brochure, "Facts and Figures 9", which
      175 words
    • Article
      Lock icon US Senate passes tanker safety Bill
      129 10 AP WASHINGTON, Mon. The Senate passed and sent to the House of Representatives on Thursday a Bill requiring oil tankers entering US ports to have double bottoms and comply with other new standards to reduce the danger of oil spills. The measure, passed by
      AP  -  129 words
    • Article
      Sumbawa off for Bangkok
      61 10 THE Sumbawa. owned by the East Asiatic Company (EAC) of Denmark, left Singapore on Sunday for Bangkok, after making its maiden call here. The 23,314 dwt vessel was built by Mitsui Engineering and Shipbuilding of Japan and will serve on the Canadian West Coast/Far East trade
      61 words
    • Article
      Lock icon Airborne sensor system detects illegal oil spill
      199 10 AP WASHINGTON, Mob. An airborne senior system to detect illegal discharges of tanker oil in any weather, day or night, went into operation this week off the United States Atlantic coast. Installed aboard a cost guard Cl3O aircraft, the Airborne Oil Surveillance System
      AP  -  199 words
    • Article
      Lock icon Car output down
      68 10 Reuter PARIS, Mon. French car and utility vehicle production fell to 301,447 in April from 353,716 in March and 307,800 in April last year, the French Car Makers Association said. In the four months ended April production totalled 1,286,627 compared with 1,037,900 in the year-ago period. April
      Reuter  -  68 words
    • Article
      Lock icon New airliners under scrutiny
      869 10 LONDON, Monday FT TWO designs for a Euro-pean-built short to medium haul airliner to come Into service In the early 1980s are now being studied by experts from the British, French and German aerospace industries. The projects are very different. The British design, argued by the
      FT  -  869 words
    • Article
      Lock icon Significant factors in the future of global shipping
      502 10 FT World transport of energy 1975 to 1985, by David Hawdon; Stanlland Hall, C7O; 67 pages Shipowners, mariners and the new law of the sen, by Dick Gandhi; Falrplay Publications, £15; 81 pages The tonnage measurement of ships towards a universal system,
      FT  -  502 words
    • Article
      New rates for handling air cargo
      233 10 KUALA LUMPUR, Mon. The Airfreight Forwarder® Association of Malaysia haa decided to implement uniform miaimuM char gee for Kund handling service* n Wednesday. The new tariff applies to both the Kuala Lumpur and Penan# airports. TBe 11-member association, covering most of the forwarding agencies
      233 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      581 10 ARRIVALS m A W Servtc* Operator Numbor lAtcm Time Prom CAL CI 331 0040 TPE/HKG/KUL TMA TL303B 0215 BEY/DXB/ BOM/KUL MAS MH682 0610 KCH PAA PA847 0830 SFO/HNL/OUM CAL CI 806 1000 HLP SIA SQ211 1015 HLP OIA GA980 1030 HLP OIA GA908 1100 MES SIA SQ240
      581 words
    • Article
      World bulk carrier conference
      144 10 A WORLD bulk carrier con-1 ference. organised by the Financial Times of London, will be held in London on Sept 28 and 29. The conference will study the owning and managing of bulk carriers and Is expected to attract ship owners and managers as well as
      144 words
    • Article
      China Navigation
      221 10 CHINA Navigation is incorporated in Hongkong. It operates the New Guinea Pacific Line (NGPL) which loads at Singapore for New Guinea ports and the South Pacific islands. At present, the service is operated once every six weeks, but there are plans to increase this to a monthly frequency
      221 words
    • Article, Illustration
      IN PORT
      413 10 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry VUJa (B. Barge) (0900) 48 Fuyoh Maru (after Kota Slngapura) (Subject to gas free) 13/14 Kobe Maru (JIXJ) (2100 after Johanneverett and A 1 Ouralnlah) 35/30 La Rloja (LRQR) (after Ruth Lykes) 10/11 Loon Hsing (HPNO) (after A 1 Ouralnlah) 38/39 Martha
      413 words
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      Page 10 Advertisements Column 1
      155 10 Because You Insist On.. Top Locality. Top Quality. H* A Huge Plot of Open Land with a Very Limited Number of Units. An Apartment with a Bungalow Atmosphere. Spacious Children's Playground Garden. A Relaxing and Serene Environment. Forestry Surroundings. lanttSl 4 i-orestry uurrounaings. U° u vAe V Linked with Botanic
      155 words
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  • Article, Illustration
    SHARE OF CAKE FOR MERCHANT BANKS, TOO
    695 11 DESPITE the keen competition thfet exists In merchant banking in Singapore today, there is still ground for optimism and scope for expansion. In an Interview with Business Times recently, Mr. Peter Bryant, managing director of Lewis and Peat Merchant Bank, one of the
    695 words
  • Article
    Lock icon LDP to lose majority in polls?
    159 11 Reuter TOKYO. Mon. Japan's ruling Liberal Democratic Party (LDP) will lose Its one-seat Upper House majority when half of the 252 seats come up for reelection In July, a survey In the national dally Yomiurl Shimbun predicted today. But such a loss will not
    Reuter  -  159 words
  • Article
    Lock icon Vehicle exports down in April
    178 11 Reuter TOKYO. Mon. Japan's vehicle exports fell by 9.8 per cent to 327,970 units in April from 363,580 In March, but rose by 6.2 per cent from 308,870 In April last year, the Automobile Manufacturers Association said. The April total comprised 225,730 cars, 100,320 trucks
    Reuter  -  178 words
  • Article
    Lock icon OIL LEAK IN RIVER
    82 11 UPI BANGKOK. Mon. A Thai oil tanker and a Japanese freighter collided last night at the mouth of Chao Phaya River about 25 km south of Bangkok causing a heavy oil leak In the river, a harbour department official said dayHe said the 5,400-tonne Japanese freighter
    UPI  -  82 words
  • Article
    Business outlook in West Asia
    205 11 TWO local speakers at the conference on "The Arab World Business Opportunities for Asians", which opens on Thursday, will give Insight Into the problems and prospects of doing business In the Arab countries. They will provide participants with the opportunity to gain from their personal
    205 words
  • Article
    Lock icon Manila sets aside $23m for coal
    175 11 Reuter MANILA. Mon. The Philippines has appropriated 70 million pesos (5523.4 million) to develop its coal resources, according to a report on energy development in the country. The report, contained In a special publication of the government-owned Philippine National Oil Company (PNOC), said the
    Reuter  -  175 words
  • Article
    Philippines detains Japanese tanker
    175 11 MANILA, Mon. The government today placed In protective custody a Japanese molasses tanker whose 27 Filipino crewmen brought It to Manila Instead of London in a dispute over wages, its local agents told Reuter today. The 16,000-ton tanker, Bravery, sailed from Karachi last May 9 with
    175 words
  • Article
    Lock icon Seoul to raise question of lop-sided trade
    142 11 Reuter SEOUL, Mon. South Korea will hold trade talks here with the Philippines and Australia next month, the Commerce and Industry Ministry said today. South Korean Commerce Industry Minister Chang Yle-Joon is scneauied to meet Filipino Trade Minister Troadio Quiazon from June 7
    Reuter  -  142 words
  • Article
    Lock icon TWO UP, ONE DOWN
    227 11 AP NICOSIA, Mon. Saudi Arabia and Kuwait Increased oil production during April while their Persian Gulf neighbour, Iran, reported another sharp decline. Official National Iranian Oil Company (NIOC) figures showed the nation's production fell by roughly 860.000 barrels a day In April to 5.4 million barrels
    AP  -  227 words
  • Article
    Metal Box production back to normal
    116 11 METAL Box Singapore has resumed normal production despite the fact that some of its workers are still bn strike, according to informed sources In the company. The company now has about 500 people working, and all operations are back to normal. Deliveries to all
    116 words
  • Article
    AIT meet opening
    55 11 THE Minister for National Development and Communications, Mr. Lim Kim San, will open the 79th General Assembly of the Alliance Internationale de Tourlsme (AIT) at ShangriLa Hotel tomorrow. About 200 delegates from 36 countries and approximately 600 guests will attend the three-day conference which is being held
    55 words
  • Article
    Compton helps clients to reach out regionally
    226 11 COMPTON partner agencies In the Asla-Paelflc region met recently In Manila for the second time In six months. The participating agencies were Compton Australia, Chase/ Compton (Hongkong), DalIchl Klkaku (Japan), AceCompton (Philippines) and Lash-Compton (Singapore). Mr. James R. Adler, Compton International's senior vice-president
    226 words
  • Article
    Lock icon Miti may come to aid of industries
    104 11 Reuter TOKYO, Mon. The Ministry of International Trade and Industry is considering measures to help Japanese industries still In recession rationalise their operations, ministry officials said. The industries include smaller steel makers operating open-hearth or electric furnaces, the officials said. Trade sources said
    Reuter  -  104 words
  • Article
    Lock icon Hongkong textiles sales decline
    105 11 Reuter HONGKONG, Mon. Hongkong's textiles and clothing Industries sold less products overseas In the first quarter of this year compared with the same period last year but the exports of locally-made electronic goods recorded an Increase, according to official trade figures released today. The statistics by
    Reuter  -  105 words
  • Article
    SUITS
    98 11 THE Asia Insurance Co. Ltd. filed a suit against Hong Guan and Co. Pte. Ltd. in the High Court yesterday for $62,935.61, allegedly being premiums due on various insurance policies. In another writ, Chip Ben Pte Ltd. Is claiming $36,413.56 from Chip Hoe Construction Co. allegedly for goods sold
    98 words
  • Article, Illustration
    Sisir's role in helping electronics trade praised
    310 11 THE Singapore Institute of Standards and Industrial Research (Slslr) has been praised by a United Nations Development Programme (UNDP) electronics consultant for doing a fine Job of helping the local electronics industry attain higher levels of technical sophistication. The American consultant from UNDP,
    310 words
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      Page 11 Advertisements Column 1
      161 11 A word or two about our circulation growth in a language everybody understands 170,000 178,623 160,000 171,293 150,000 140,000 130,000 120,000 The Sunday Times A The Straits Times 100,000 The chart tells the story. Simply. Graphically. The most recent quarterly circulation figures for the three months of 1977 ending March
      161 words
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  • Article
    MORE BARRIERS AGAINST OTHER PRODUCTS FEAR
    508 12 JAPANESE exports of integrated circuits (ICs) and large scale Integrations (LSIs), both Integral computer components, may suffer the same fate as that country's colour TV sets and desktop calculators In the US and European markets if they grow unchecked. This is the warning given
    508 words
  • Article
    Lock icon Bulk of television sets sold to America
    135 12 UPI Tokyo, Mon. Japan's exports of colour television sets In April totalled 422,130 units, with the United States taking 60.6 per cent or 255,946 units, the Japan Electronic Industries Association said today. The total shipment was about 60,000 units less than In March
    UPI  -  135 words
  • Article
    Sony chief stopover
    71 12 MR. Kazuo Iwama, president of Sony Corporation, will arrive in Singapore tomorrow for a two-day 'visit. He is on his way back to Tokyo after vis'ting Sony's marketing organisation in Teheran. While In Singapore, Mr. Iwama will Introduce one of Sony's newest video equipment called BETA format.
    71 words
  • Article
    Retail stores in stiff tussle to woo customers
    496 12 THE rapid growth of shopping centres in Singapore has made retailing very competitive and more so where established household names are concerned. While "war" may not be quite the right word to use, C.K. Tang and Metro, two very established names among
    496 words
  • Article
    'Two Dollahs tried to set up Soviet style regime'
    262 12 IPOH, Mon. Former Deputy Ministers Datuk Abdullah Ahmad and Enclk Abdullah Majid wanted to set up a Russian brand communist regime In the country with a view to abolishing the special rights of the Malays. Umno secretary general Datuk Senu Abdul
    262 words
  • Article
    Lock icon High Western norm not practicable says Lee
    539 12 Reuter NEW YORK, Mon. Prime Minister Lee Kuan Yew, in an interview with Time magazine, said he believed that President Carter should accept the world as It is many different societies, cultures, stages of development. "Now we hear that we have to be
    Reuter  -  539 words
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    Reuter  -  186 words
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    178 words
  • Article
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    UPI photo  -  57 words
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    458 words
  • Article, Illustration
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    231 words
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    UPI  -  246 words
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    AP  -  103 words
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