The Business Times, 4 June 1977

Microfilm: NL9307
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, JUNE 4, 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Mid-day call
      105 1 Reuter HONGKONG, Frl. Hongkong Commodity Exchange call chairman Michael Shea said It will hold a mid-day call for a trial period of one week beginning on Monday. He said in a statement a decision will be taken at the end of the week, depending on the views of
      Reuter  -  105 words
    • Article
      Lock icon Promissory note sale
      80 1 Reuter SEOUL, Frl. South Korea's Export-Import Bank is negotiating with a consortium of Scandinavian banks to sell promissory notes amounting to US$l5B million (***** million) received in deferred payment for exports of ships by South Korean shipbuilders, bank sources said today. The Export-Import Bank governor, Mr. Song
      Reuter  -  80 words
    • Article
      Lock icon Trade meeting
      50 1 AP KUALA LUMPUR, Frl. The Philippines Minister of Industry V. Paterno today said the Asean Trade and Industry Ministers would hold a meeting next month either In Singapore or Manila. He was on his way home after attending the three-day seminar on US-South-east Asia relations in Ball. AP.
      AP  -  50 words
    • Article
      Lock icon Unicef assistance
      75 1 AP MANILA, Frl. The United Nations Children's Emergency Fund (Unicef) today approved U*****.6 million (***** million) In assistance to programmes and support services benefiting youngsters In more than 50 developing countries. The 30-natlon executive board, meeting here for its 19-day annual session, reviewed major policies including Unicef's emphasis
      AP  -  75 words
    • Article
      Lock icon Suez tunnel
      75 1 Reuter CAIRO, Frl. President Anwar Sadat will give the go-ahead on Monday for the construction of a 35 million Egyptian pounds (Sslso million) tunnel under the Suez Canal to connect the Nile Valley with the Sinai Peninsula, Egyptian officials said today. The 4.3 kilometre three-level tunnel will be
      Reuter  -  75 words
    • Article
      Lock icon Dow Jones
      82 1 UPI NEW YORK, Fri. Stocks rallied early today in reaction to government reports that showed inflation and unemployment declined in May. Trading was active. The Dow Jones industrial average, a 3.40-point loser yesterday, was ahead 3.65 points to 906.80 shortly before the first hour of trading. Advances led
      UPI  -  82 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      200 1 SELECTIVE shares continued their uptrend in active trading at the Stock Exchange of Singapore yesterday. Bearish pressure in the morning saw second and third liners down at the midday break but renewed buying in the afternoon easily made up for the slack. At the close, the Business
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    • Article
      In Kuala Lumpur
      110 1 Rises Most active C Sugars 2.98 .12 G. Lumber 947 000 Gentings 1 98 .10 Ben 747 000 M Tobacco 5 40 .10 C. Securities 733.000 Sel Dredging 5.30 +.10 Haw Par 713 nnn E.N.E 3.30 +.08 CandC 198 +.07 M. Flour 3.06 +.06 S'poreLand 1.41 +.06
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  • Article, Illustration
    Survey more in hope than in expectation
    720 1  -  FORECASTING BUSINESS TRENDS By JOHN TAN THE DEPARTMENT of Statistics' Survey of Business Expectations is not as accurate as it should be. Moreover, as an indicator for all industries it has been found not only to be unreliable as regards future trends, but
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  • Article
    Lock icon US import action broke Gatt rules
    225 1 AP GENEVA, Frl. A working party of the General Agreement on Tariffs and Trade (Gatt) said today a US court action against electronic imports from Japan violated rules of the International trade body. The 23-natlon group warned that the April 12 decision on a
    AP  -  225 words
  • Article
    Pawnbrokers fear a run
    523 1 PAWNBROKERS yesterday expressed concern that legislation now pending In Parliament may start a run on pawnshops In Singapore if the government does not clarify its intentions. Speaking to the press after a hastily held meeting off 44 members of the Singapore Pawnbrokers Association, Mr. K.S. Chia,
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  • Article
    Pacific buys Central shares for M$8.2m
    346 1 PACIFIC Development Credit Is to acquire 5.58 million Central Securities (Holdings) shares for MsB.2 million from Sungel Klnta Tin, bringing its Interests in Central Securities to 32 per cent. Central Securities In turn had 4tt years ago acquired a 50 per cent stake In
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  • Article
    Lock icon US wholesale price rise slows down in May
    228 1 UPI WASHINGTON, Frl. US wholesale prices rose a moderate 0.4 per cent In May and unemployment eased very slightly to 6.8 per cent, the Labour Department reported today. Food prices declined in May (or the first time in six months, providing the
    UPI  -  228 words
  • Article
    Two SIA flights to London will pick up at KL
    302 1 SINGAPORE Airlines is going to pick up passengers from Kuala Lumpur on its Singapore to London flights beginning next month with a twice-a-week stopover. According to informed sources, SIA tendered a notification to the Malaysian civil aviation department in April
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  • Article
    Paris talks bring no joy for either side
    381 1 THE 18-MONTH old Conference on International Cooperation ended in Paris yesterday with all parties disappointed and disillusioned. Developing nations said the talks fell short of their objective of finding a basis for bridging the gap between rich and poor countries. The oil
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  • Article
    Lock icon S'pore gets top marks in study
    155 1 AP ZURICH. Fr 1. An economic study published today by one of the biggest banks of Switzerland gives Singapore top marks in economic growth and potential and suggests it remains a leading favourite for European investment. The study, prepared by Union Bank ct Switzerland.
    AP  -  155 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      35 1 ".*&"@>|<{|<&___:-="}/~_:^>,-^- I Market Review«/ TV ft Radio Over teas New*' Feature Local Co. New* Oversea# Stocks P2 Commodities Transport ft P3 Communications pi Feature International Co News PS Local/ Overseas Local Stocks P6 News Pll, 12
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      Page 1 Advertisements Column 2
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      Page 1 Advertisements Column 3
      3 1 SEE PAGE 3
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      Page 1 Advertisements Column 4
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      129 words
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  • MARKET REVIEWS
    • Article, Illustration
      SINGAPORE
      869 2 HECTIC trading in a score of counters sent prices sharply higher at the Stock Exchange of Singapore this week. So vigorous was the bidding in certain shares that the exchange had to step in to keep speculation under control. The dramatic run-up In Central Sugars and Perak Carbide was
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    • Article
      DOZING THROUGH THE FESTIVITIES
      604 2  -  LONDON By IVAN FALLON IT IS celebration time this week-end In London, although not much of It has brushed off In any positive sense on the stock market. We have now finished the second week of a long three week account which takes four days off
      604 words
    • Article
      Banging the tin drum
      174 2 THE schemes of arrangement for Kamunting and Malayan Tin, the two (of four) London tin companies which successfuly got through the London institutional opposition, become effective next Friday (June 10) and dealings in the new Malaysian Berhad companies start the following Monday (June 13) as foreign
      174 words
    • Article
      Onwards to a bright future
      401 2 THIS week brought a crop of major economic news which should not go unmentloned. Some of It was bad, little bits were good, In general It was Indifferent. But even Indifferent economic news Is a welcome relief in London these days. First of all the
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    • Article
      Ready for the sale of the century
      388 2 THE City is gradually working Itself into a state of nervous tension over the forthcoming Bank of England sale of £600 million worth of BP shares. This week, the oil giant proudly disclosed that its $8 billion Alaksan pipeline was finished and now
      388 words
    • Article
      KUALA LUMPUR
      326 2 BUOYED by the substantial gains on Thursday, most shares closed higher In active trading on the Kuala Lumpur Stock Exchange this year. Reflecting the sharp rises enjoyed by the speculative issues, the Malaysian Business Times index, which traces the movement of the 10 most actl ve stocks dally,
      326 words
    • Article
      Lock icon SYDNEY
      221 2 Reuter URANIUM shares firmed over the week on the Sydney Stock Exchange following last week's downturn In the wake of the Fox Report, dealers said. Speculators and Investors, more confident now of the future of uranulum stocks, poured the money back Into their hopefuls over the week. But It
      Reuter  -  221 words
    • Article
      Company news for the week ended June 3
      727 2  -  CompiM by I RONALD LAM Bousteadco Singapore is to merge its two Australian subsidiaries, whollyowned Boustead Pty and 61.5 per cent owned Boustead Unochrome. The new company, called Boustead Australia, will be 85 per cent owned by Bousteadco while the balance will
      727 words
    • Article
      Lock icon Wheelock in the dark...
      218 2 Reuter HONGKONG, Fri. A Wheelock Marden spokesman said he has no knowledge of any current moves Involving reorganisation or merger of the group which could explain the rise in Wheelock group shares in active trading on local stock markets today. He noted the group said late
      Reuter  -  218 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      200 2 Give us a man fbra monthwell give him a language for life infingua now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      369 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on June 3 at Singapore airport. Maximum Temperature Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine Rainfall in Millimetres Total Rainfall for the Month Total Rainy Days for the Month RADIO TV SINGAPORE 5 12.55 PM Opening and
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  • OVERSEAS
    • Article
      Lock icon US may not achieve new pact on import curbs
      578 3 UPI AP HOLLYWOOD, Frl. Labour Secretary Ray Marshall warned the clothing and textile Industries yesterday the government probably cannot achieve a new multilateral trade agreement reducing Import competition. Mr. Marshall nonetheless declared the Administration's support for limiting clothing and textile imports,
      UPI; AP  -  578 words
    • Article
      Lock icon Waldheim spells out United Nations spending
      247 3 AP UNITED NATIONS, Frl. Secretary-General Kurt Waldhelm, challenging the argument that the United Nations Is costly to Americans, gave figures yesterday to show that Americans get more money back from the United Nations In business than is paid out of their taxes to helD
      AP  -  247 words
    • Article
      Lock icon Reserves up
      30 3 Reuter OTTAWA. Fri. Official Canadian international reserves rose U5544.6 million to $5.23 billion in May, the Finance Department said. A year ago. the total was $5.81 billion. Reuter.
      Reuter  -  30 words
    • Article, Illustration
      Lock icon Blumenthal: Yen may go up further
      517 3 WASHINGTON. Frl. Reuter Reuter UNITED States, Treasury Secretary Michael Blumenthal yesterday reiterated his belief that there may be further appreciation In the value of the Japanese Yen. Mr. Blumenthal tola a press conference that It Is essential to allow the currencies of the strong
      Reuter  -  517 words
    • Article
      Lock icon BELGIUMCHINA TRADE TALKS
      111 3 Rcuter BRUSSELS, Frl. A sixman delegation from the Bank of China has been holding talks with senior Belgian bankers, industrialists and government officials in a bid to enlarge trade between the two countries, Informed diplomatic sources said. The discussions are aimed at preparing the next round of
      Rcuter  -  111 words
    • Article
      Lock icon German GNP growth slowed to 4 pc
      374 3 Reuter TRIER, (West Germany), Fri. Bundesbank president Otmar Emminger said West Germany's first quarter 1977 real Gross National Product rose at a seasonally adjusted annual rate of around four per cent compared with six per cent in the final 1976 quarter. But he
      Reuter  -  374 words
    • Article, Illustration
      Marshall Plan: A forgotten promise
      1010 3  -  THE Conference on International Economic Cooperation has just ended in Paris in failure. Could the dominant Western nation, the United States, have been influenced by recollections of the Marshall Plan 30 years before? The plan sparked off a spectacular recovery in war-ravaged Europe but it
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    • Article
      UNCHANGED MONEY SUPPLY SHOULD PROVIDE FURTHER STABILITY
      325 3 NEW YORK. Fri. The latest report on the United States money supply, showing M-l unchanged from a week earlier, should lead to continued stability in money market rates, analysts say. Continued moderation in money aupply growth levels after the rapid pace of early
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    • Article
      Lock icon 'Increase in food prices should taper off but not inflation'
      473 3 Reuter WASHINGTON, Fri. Treasury Secretary Michael Blumenthal said the Increase in food prices which has been responsible for the inflationary surge early this year should taper off this summer, but Inflation by year-end will still be stronger than the Administration
      Reuter  -  473 words
    • Article
      Lock icon House 'no' to plan for energy prices
      117 3 Reuter WASHINGTON, Fri. The House Joined the Senate In refusing to give President Carter the right to set energy prices. The House rejected Mr. Carter's proposal to give energy adviser James Schlesinger sole authority over oil and natural gas prices. The House instead
      Reuter  -  117 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      130 3 ACBC opens a new branch at v. W i A m Government CopyriqN Reserved At 598 North Bridge Road, Singapore 7. Tel: *****09,*****13/4 You can now continue to enjoy our full Savings Deposits. Call in today. Our range of banking facilities from Foreign Manager Mr.Ong Kean Hin and his staff
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  • COMPANY NEWS
    • Article
      GOLD COIN INCOME DROPS
      700 4 GOLD Coin's growth was held in check for the second time in the last six years under difficult conditions in 1976 when group pre-tax profit fell ll per cent to $6.07 million. The parent company showed a marginal Increase of seven per cent in trading profit
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    • Article
      DIVIDENDS ANNOUNCED
      784 4 Curreat Ex Date Total for Total for payment Date payable the year previous year Bou stead 12.5% May 17 June 4 27.5% 20% Malakoff 6% May 17 June 4 11% 10.5% Kent (FMS) Tin 150% May 20 June 4 150% 50% P.M. Holding* 5% May 18 June 4
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    • Article
      Perlis Plantations surges ahead with 149pc profit rise
      639 4 PERLIS Plantations appears to be burgeoning with company pre-tax profit showing a massive increase of 148.7 per cent to M 54.58 million last year. Its new fortune, however, was derived mainly from the newly acquired subsidiary Malayan Sugar Manufacturing, which contributed dividends
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    • LATEST RESULTS
      • Article
        PUBLIC BANK
        34 4 Audited consolidated after-tax profit M 52.33 million ($2 million) for the year ended Dec 31. 1976. Bank after-tax profit $1.78 million ($1.52 million). Final dividend 6*6 per cent (six) payable July 28.
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      • Article
        METAL BOX BHD –
        61 4 METAL BOX BHD Audited group pre-tax M 55.12 million ($2.62 million) on sales $48.39 million ($42.69 million) for the year ended March 31. 1977. Estimated taxation $2.44 million ($1.43 million) leaving after-tax profit $2.68 million ($1.19 million). Attributable profit $2.6 million ($1.13 million). Final dividend 10 per cent payable July
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      • Article
        MATSUSHITA ELECTRIC (MALAYSIA) —
        53 4 MATSUSHITA ELECTRIC (MALAYSIA) Audited group net profit M 52.55 million ($2.04 million) for the year ended Dec 31. 1976. Depreciation SI .62 million (51.52 million) and taxation 53.35 million (52.02 million). Final dividend 15 per cent (same) and bonus dividend five per cent (nil) payable July 4 to shareholders registered
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    • Article
      PEOPLE IN BUSINESS
      39 4 FAR East-Le*lngston Shipbuilding aniibunced that Mr. Tan Wah Thong resigned as director and general manager on May 31. Mr. Jon C. Rittger has been appointed to the new position of Pacific marketing director of Newsweek International.
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    • COMPANY MEETINGS
    • Article
      Lock icon More corporations go for CMA accountants
      733 4  -  CPA CERT. LESS POPULAR By ELIZABETH POWLER NYT WHILE many people still equate the term accountant with being a certified public accountant (CPA) a growing corporate trend in the last five years has been the encouragement of a different type of accountant who does
      NYT  -  733 words
    • Article
      Lock icon 20th Century Fox shares hit record
      558 4 NYT NEW YORK Fri. Can a Science fiction movie bring happiness to the shareholders of Twentieth Century Fox Film as the shares hit their highest price in seven years? The next annual meeting should tell. In the last two weeks, Fox supporters have bid
      NYT  -  558 words
    • Article
      Lock icon Grand Metropolitan makes £27m profit
      170 4 Reuter LONDON. Frl. Grand Metropolitan made a pretax profit of C 27.16 million (L' 20.8 million) on sales of t'759.63 million (€671.38 million) for the first halfyear ended March 31, 1977. The company said comparative figures were adjusted to conform with a new pattern of
      Reuter  -  170 words
    • Article
      Lock icon China Provident
      67 4 Reuter HONGKONG. Fri. China Provident said in a letter to the Hongkong Stock Exchange it has noted a marked interest in its shares during recent months but is not awae of any special circumstances which would give rise to this other than the future potential of the company.
      Reuter  -  67 words
    • Article
      CHICAGO BOARD OPTIONS
      1344 4 On June 2 TRADING in options on the Chicago Board Options exchange on Thursday came to 67.815 contracts compared with 66,418 contracts on Wednesday. OPTION JLY OCT JAN STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AtlR AtlR Avon Avon SO 60 55 60
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    • Article
      Lock icon Hewlett's digital watch
      148 4 AP PALO ALTO, California, Frl. Hewlett-Packard has unveiled a new digital wrist watch with a wide-ranging assortment of extras, ln- eluding a calculator, a 24hour alarm, a 200-year calender, and a computer memorv bank. it weighs six ounces and sells for US$65O in the stainless steel model
      AP  -  148 words
    • Article
      Lock icon Xerox's new system
      98 4 Reuter NEW YORK, Frl. Xerox has Introduced a new electronic printing system, Xerox 9700, that produces computer-generated text and creates business forms as well as other Images on page. Xerox, told a press conference the new system uses standard B'4 by 11 inch plain paper, the Xerox
      Reuter  -  98 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      103 4 Hiwppi^otpir copy of the M/ 77 BUKUMERAH? The eompiete filing cabinet on the Singapore business scene ALPHABETICAL INDEX OFFICIALS AND PUBLIC BODIES INFORMATION The Straits Timet DIRECTORY OF SINGAPORE *****7 It's the 1976/77 "Red Book" the office/library reference book covering the business scene in Singapore. It is complete. Built up
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon BP enjoys 63pc profit jump
      629 5 UK COMPANIES Reuter AS IT anticipated, the continuing build-up of its North Sea Forties Field production hoisted pre-tax Sroflt at British Petroleum y over 63 per cent from £371.9 million to £606.5 million for the three months ended March 31, 1977. Production averaged 378,000 barrels
      Reuter  -  629 words
    • Article
      Lock icon British Enkalon rights issue
      125 5 Reuter BRITISH ENKALON, In which Akzo of Holland has a 61.7 per cent interest, has proposed to raise £2.5 million through an issue of 10 million new ordinary shares of 25p nominal at 25p per share to Akzo. It said Akzo has agreed to subscribe to
      Reuter  -  125 words
    • Article
      Lock icon T.E. Power hopeful
      227 5 JAPANESE COMPANIES Reuter TOKYO ELECTRIC POWER expects sales In the current six months to Sept 30, 1977 to rise to between 880 and 890 billion yen from 838.73 billion in the preceding six months. A company spokesman declined to make a profit forecast, while saying that the
      Reuter  -  227 words
    • Article
      Lock icon N. Mining braces for setback
      161 5 Reuter NIPPON MINING said it hopes for a net profit of at least four billion yen for the year ending March 31, 1978 compared with 4.04 billion yen for 1976/77 with sales rising 1.6 per cent to 590 billion yen. Managing director Mr. Tatsuo Nakamura
      Reuter  -  161 words
    • Article
      Lock icon JGC FORECAST
      118 5 Reuter JGC said It expects sates in the current year ending March 31, 1978 to rise to 185 billion yen from 80.4 billion last year, following a 142 billion yen contract concluded last month with Algeria's state-run petroleum company's Onatrach. A company spokesman said JGC and C. Itoh
      Reuter  -  118 words
    • Article
      Lock icon Shipping firms doing well
      197 5 UPI LEADING Japanese shipping companies wound up their business year ended March 31,1977 with sizeable gains in profits. Nippon Yusen K. K. (NYK) made an after-tax profit of 2.99 billion yen up 11 per cent over 2.09 billion yen in the previous year. NYK attributed the
      UPI  -  197 words
    • Article
      Lock icon Argentine Govt returns facilities to Exxon affiliates
      292 5 Reuter EXXON said the Argentine Government has returned all nationalised marketing facilities and related rights and licences there to Exxon affiliates. It received compensation from Argentina for the period, starting in 1974, during which the company's facilities were nationalised. The amount of compensation
      Reuter  -  292 words
    • Article
      Lock icon Mannesmann first quarter decline
      471 5 EUROPEAN COMPANIES Reuter DUESSELDORF, Frl. Turnover and profit of Mannesmann felt In the first quarter, but management board chairmen Mr. Egon Overbeck said he expects a respectable result for the full year. No rise is likely In earnings from the pipe division, affected by low demands
      Reuter  -  471 words
    • Article
      Lock icon Amev issue
      44 5 Reuter UTRECHT, Frl. NV Amev, a Dutch insurance group, said it is considering a Eurodollar bond Issue this summer. Proceeds would be used to finance about 50 per cent of the cost of its planned takeover of Time Insurance Co of Mulwaukee.
      Reuter  -  44 words
    • Article
      Lock icon Philippine Match incurs losses
      124 5 Reuter STOCKHOLM. Frl. Svenska Taendstlcks (Swedish Matcn) chairman Mr. Lars-Erik Thunholm said the company's subsidiary Philippines Match has corrected earlier excessive stock value estimates and is now reporting losses instead of profit. Philippine Match had also become involved in poorly-planned sawmill projects, he told the annual
      Reuter  -  124 words
    • Article
      Lock icon Norges K.
      48 5 Reuter GENEVA, Frl. Norges Kommunalbank intends to float a 20 million franc per cent 15 year, bond Issue on the Swiss market, Banque Gutzwiller, Kurt. Bungener SA said. Issue price will be set later for the loan which is guaranteed by the Kingdom of Norway. Reuter.
      Reuter  -  48 words
    • Article
      Lock icon Consortium to back Immobiliare bonds
      139 5 Reuter ROME. Frl. A consortium of 16 banks has been formed to back the issue by Societa Generate Immobiliare Sogene of 35.5 billion lire worth of convertible bonds. The company said the consortium was finalised following agreement between Immobillare and Italcasse, Italy's central credit institution
      Reuter  -  139 words
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      Page 5 Advertisements Column 1
      1099 5 2.999,817 02 Cash in hand Balances with the Deutsche Bundesbank Balances with foreign Central Banks Balances on postal cheque accounts Cheques on other banks, matured bonds, interest and dividend coupons. and items received for collection Bills discounted including: a) rediacountable at the Deutsche Bundesbank DM 39,746.447.51 b) own drawings DM
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  • Article
    Share Information Service
    2179 6 1*77 Higk Low 1 Company J Mt tele +orGr'« div Div c'rr Gr'i /U Net P/E. Vol CM*) Day High Low 8ECTION ONE INDUSTRIALS 146 133 204 92* 212 101 198* 183 219 392 138 127 204 58 212 57 155 152 182 350 Acma Acma A
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  • Article
    Transactions in Singapore
    1326 6 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 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
    1539 6 "BID and offer prices officially listed and business In and reported to the Kuala Lumpur §tock Exchange yesterday with the number of shares traded shown In brackets in lots of 1.000 units unless otherwise specified. INDUSTRIAL* Acma (1.38B). Alcam <1.908). A. ChM <0.8»B 0 928) (16) 0
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  • Article
    Unit trusts
    149 6 SINGAPORE UNIT TRUST (Managers' prices for June 6) The Commerce 1.64 1.73xd The Saving Fund 0.89 O.M S pore Prog Fund 0 82 0.87 S'pore Security Fund 1.48 1.54 S'pore Invest Fund i 1 00 1.06 ASIAN UNIT TRUST (Managers' prices for June 6) Mai Invest Fund 160
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  • Article
    Stock options
    83 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. Inchcape (June $2 40) (0.04' 2 5) (20 0.05, (1) 0.04*. Pan Electric (Sept $1.90)
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  • Article
    GOVERNMENT BONDS
    107 6 5 1/2% 1/4/78 (250.000) (101 50B) 5 1/2% 15/4/78 (250,000) (101.508 101.60S) 5 1/4% 15/7/78 (250,000) (101.508 101 575X2)101.55 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 40B) 6 3/4% 1/12/80 (250,000) (103 40B) 5% T F 15/4/81 (250,000) (101.50B) 5%
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  • Article, Illustration
    SES STILL ON UPTREND
    643 7 EARLY profit-taking did not dampen the enthuaiasm of the market as selective counters posted new highs on the Stock Exchange of Singapore yesterday. Bearish pressure in the moraine saw second and third liners down at the morning's break but renewed buying on speculative account boosted the
    643 words
  • Article
    MARGINAL GAINS AT KL
    409 7 AN EARLY attempt to follow-through Thursday's buying spree failed to gather any substantial support as profit-takers made the scene in numbers on the Kuala Lumpur stock market yesterday. On balance, however, the market managed to finish with more gains than losses in fairly active trading. The
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      390 7 HONOKONO: The market closed firm in active trading on Friday, with the Wh—lock croup leading the rise, dealers said. The Hans Sen* Index was up 2.62 points to close at 450.22 points. There was speculation about a re-organlsatlon or merger Involving the Whaelock group, they said, but the company
      390 words
    • Article
      Tokyo
      495 7 TOKYO: Share prices closed mixed on Friday, with the undertone easy, as limited selective buying was more than offset by liquidations In textiles, ceramics, trading houses and shipping lines, dealers said. The Dow Jones average lost 0 50 to close at 4.991.66 with volume 140 million shares. The new
      495 words
    • Article
      Manila
      152 7 MANILA: Commercial and oil averages closed firmer on Frldav while the mining sector fell slightly, dealers said Turnover fell to 1.61 million pesos from Thursday's 2.77 million. Gainers were Atlas Con B. Marinuque B, Phil Overseas and Oriental A but San Miguel B lost' ground Unchanged issues included Atlas
      152 words
    • Article
      Bangkok
      103 7 JUNE M Bah Is Asia Fibre 107 4-1 Bangkok Bank 200 ♦J Bangkok Invest 180S >4 Bangkok-Metro-politan Bank Bata 451 unch BerllJucker 283 ♦9 Charoong Thai Wire ISO ♦2 Dumex Dustt Thanl 1998 •1 Faber Merlin First Trust Indo-Thal 180S unch Industrial Finance Corp 1105 -90 J And J
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      Sydney
      426 7 SYDNEY: The market was firmer on Friday, led by uraniums, dealers said. The Sydney AU-Ordlnarles rose 1.50 points to close at 463.14 points. Peko Wallaend rose six cents to a year's high of $0.04, while Pancontinental gained ,55 to SI 1.75. Queensland Mine* seven to $2.55 and Kathleen Investments
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    • Article
      Amsterdam
      325 7 AMSTERDAM: The market closed slightly firmer In quiet trading on Thursday although in Dutch Internationals Philips and Royal Dutch fell 0.30 and 0.40 guilders respectively but the rest of the sector was 0.10 higher Most banks, trading and Industrial stocks rose. Shippings fell, with the exception of K.NBM, while
      325 words
    • Article
      Brussels
      171 7 BRUSSELS: The market was quietfy mixed on Thursday with losses slightly outweighing gains among major Belgian stocks, dealers said. Soflna and ACEC rose, while Compagnie Lambert, Sidro, UCB, (BR. Arbed and Aaturimne were lower. Hoofoveaa was firm In otherwise little changed Dutch Issues. UK stocks were quiet. Germans were
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    • Article
      Frankfurt
      352 7 FRANKFURT: Shares closed weaker in nervous trading on Thursday despite the prospect of a settlement to the Rhine land-Palatinate chemical workers dispute, market sources said. Laftaasa Ordinary and Preference shares gained 1.50 and 0.30 marks respectively Steels were little changed but Mmwua gained 0 80 marks against the trend
      352 words
    • Article
      Milan
      169 7 MILAN: Stocks eased to 22year lows in thin dealings on Thursday with market nervousness accentuated by the political and economic uncertainty. bourse sources said. Almost all leading Industrial and financial stocks fell. General* ImmobiUar* eased in spite of the announcement of final constitution of a banking consortium to back
      169 words
    • Article
      Paris
      340 7 PARIS: The market was steady on balance after making up early falls In thin trading on Thursday, dealers said. Banks, constructions and foods were mixed with engineerings, motors and publishers slightly firmer. Stores were strong, as were air liqulde and l'oreal US stocks were firm, Germans and Dutch easier,
      340 words
    • Article
      Zurich
      278 7 ZURICH: The market ruled slightly higher on Thursday, dealers said Leading industrials including Saurer bearer. Hero-Coaserven and bearer stocks of Nestle and Sandox gained on light demand from abroad. Banks were narrowly mixed. Insurances closed very steady apart from easier Zurich registered. In otherwise narrowly mixed financials. Bally bearer
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    • Article
      Toronto
      327 7 TORONTO: An early rally faded by noon and the market closed lower In moderate trading on Thursday. The composite Index was off 1.5 points. Maetey-Ferguson Common lost 3/4 to 20 7/8, Preferred A 5/8 to 27 7/8 and the Preferred B 5/8 to 28 3/8 after the company reported
      327 words
    • Article
      Jo'burg
      408 7 JOHANNESBURG: Oold shares were generally higher on the stock exchange though selected issues were off the top by the close on Thursday, dealers said. The earlier firmer trend was prompted by overseas advices but lack of scrip Inhibited trade later, they added. Financial minings were slectively firmer after a
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    • Article
      New York
      1108 7 NEW YORK: Stock prices resumed their downward slide on Thursday after a morning rally failed to build strength Volume was modest. Even as the rally got under way after the opening bell, analysts said it lacked conviction and could run out of steam. They blamed the old worries
      1,108 words
    • Article
      Indices
      61 7 FINANCIAL TIMES INDUSTRIALS Thursday 454 6 Wednesday 448.6 Week Afro 461.5 DOW JONES AVERAGE INDUSTRIALS Thursday 903.15 Wednesday 906.55 Week Aro 908.07 LONDON DOLLAR PREMIUM Thursday 115'2toll6 Wednesday 120 to 120'^ H.K. HANG SENG Thursday 447.60 Wednesday 443.32 Week Arq 441.13 SYDNEY INDUSTRIALS Thursday 375.02 Wednesday 374.35 Week Aro
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    • Article
      Lock icon Eastman Kodak
      79 7 Reuter NEW YORK, Frl. Eastman Kodak has Introduced a new generation of computer output mlcrofllmers that employ a laser Imaging system of print computer data on to microfilm. Kodak said at a press conference its new microimage processors termed the Kodak Komstar. will provide a new, fast way
      Reuter  -  79 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      350 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar malamf Because Penguin books are rather special. They are mind-stimulating, deeply researched, ft ffj* entertaining in a wholesome way, highly educational 818 jfty/ Wil]lflf- quite unlike the
      350 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      443 8 OPENING quotations in the Singapore rubber market yesterday were marked up half a cent following higher London advices and thereafter the market ruled Idle and featureless on lack of buying lftterest and fresh Incentives, dealers said. Ame fell back slightly towards the morning close. Turnover
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    • Article
      R.A.S. PRICES
      396 8 Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int I R.S.S. prompt f o b. 194.00 195 OON 193.25 194.25N Int. 1 R.S.S. June 194.00 194.50 193.50 193.75 Int l R.S.S. July 197.25 197.75 196 75 197 00 Int. 2 R.S.S. 190 50 191.50N 190 00
      396 words
    • Article
      SSR AND SMR
      107 8 June July R.A.S. (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* (cent* per kg) (cent* per kf) SSR20 <1 -ton Pallet) 192 50 193 50N 194.00 195 OON SSR50 (1 -ton Pallet) 190 00 191 00N ***** 192 50N M.K.K.L.B. SMR5CV -ton Pallet) 217 00 219 00N
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    • Article
      Closing prices
      28 8 Rubber: June 3 Singapore: June 193.50 cts (unchanged) Malaysia: June 193.50 cts (down 0.50 ct) Tin: $1,450 (up $9) Official offering: 210 tonnes (down 98 tonnes)
      28 words
    • Article
      Coffee
      243 8 LONDON, Frl. Futures continued to decline as early nervous selling linked to New York's limit down close hit chart stop points (Sep £2,930) and prompted further liquidation and stoploss selling. End call prices were £89 to £40 down from last night. Sep having traded at £2,930 hit a low
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    • Article
      Produce exchange
      534 8 IN the absence of big foreign buyers, the Singapore produce market yesterday saw most commodity prices moving on an easier bias. On balance, prices finished mixed. Peppers remained easier under selling pressure from Sarawak exporters. In Singapore, dealers experienced another period of dull trading, primarily because price ideas
      534 words
    • Article
      Palm Oil
      77 8 C.I.F. Rotterdam. US dollars per ton LONDON: Prev Thursday Malaysia 5% ffa bulk Jul/Aug 665 sir 000 sir Sumatra 5H May unch 005 pd June 672.50 sir 075 sir July 872.90 sir 072 50 sir Aug 007.50 sir 045 sir Sept unch 045 pd 027.50pd Nov unch Nigerian
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    • Article
      Cocoa
      146 8 LONDON, Frl. Terminal opened with the near Jly position immediately bid at £2,887 the £40 limit up level, without business being done. At end morning values were £75 to £46 up In the traded positions, while the forwards were higher but neglected. Sales totalled 1,669 lots. Following the lnltal
      146 words
    • Article
      Rice
      191 8 BANGKOK, Frl. Indicative piices for rice quoted here were: (U8 dollars per tonne fob basis Bangkok) White Rice 100 per cent Ist class 294 100 per cent 2nd 27# 100 per cent 3rd 275 5 per cent 262 10 per cent 239 IS per cent 236 20 per cent
      191 words
    • Article
      Straits tin market
      237 8 THE Straits tin price In Penang yesterday was up $9 to $1,450 on an official offering down 98 tonnes to 210 tonnes. In LONDON yesterday, tin showed rises of £47 for cash and £55 for three months in both contracts in the morning. Values were marked up
      237 words
    • Article
      Sugar
      181 8 LONDON, Frl. Futures opened steady, £0.45 to £0.90 up on yesterday afternoon levels. Sales totalled 303 lots. Market sources said the steady trend reflected short covering interest. Prices held steady in light two-way activity to finish £0.90 to £0.60 higher. Turnover totalled 756 lots. The London dally raws price
      181 words
    • Article
      Hongkong comex
      265 8 HONGKONG. Frl. Cotton futures closed mainly lower but above the day's lows, after recovering slowly on buying support from a sharply lower opening, dealers said. HONGKONG cotton future* closing prices: Closing Previous GMM| Oct M.40/46 67 96/68 04 Dec 66 55'62 66 40/45 Mch 64 53/60 64.72/74 May
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    • Article
      Soybeans
      124 8 CHICAGO, Frl. Soybean around midday yesterday, futures were mixed around while meal futures traded midday yesterday, showing $3.50 lower to 52.20 a ton losses of 13 to eight cents a higher, bushel In old crop months Soybean product futures and gains of five to one yesterday closed with losses,
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    • Article
      Wheat
      62 8 CHICAGO, Frl. Wheat futures were down IK to M cent a bushel around midday yesterday In thin trading. Wheat futures finished with losses of 3tt to 1% cents a bushel on a light trading volume. Prices declined at the opening on weakness In soybean futures and easier cash bids
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    • Article
      RUBBER THROUGH A QUIET WEEK
      334 8 QUIET and lack lustre conditions have continued to dog a shortened trading ferlod, which finished some ft cents lower, said Holiday, Cutler A Bath In Its weekly review of the Singapore and Malaysia rubber markets. Fresh features were lacking, whilst It was mooted that any
      334 words
    • Article
      Copper
      384 8 LONDON, Fri. Copper wire bars showed gains of £6 for cash and £5.50 for Three Months In the morning. The market worked higher Initially on moderate covering prompted by expectations of a modest fall In warehouse stocks this week and steadier gold this morning, dealers said. Three Months traded
      384 words
    • Article
      Silver
      230 8 LONDON, Frl. Sliver finished with losses of one to 0.8 pence In the morning. Modestly higher values were evident in the early pre-market where Three Months changed hands at 272 pence. Prices were not maintained, however. Following the bullion dealers fix the market lost further ground with Three Months
      230 words
    • Article
      Gold
      366 8 IN the Singapore gold market yesterday, the kilobar was traded In the range of SSI 1,380 to SI 1,400. The tone of the market was steady and trading was light. In the loco London market, the metal opened at 142.50/ 80 and shortcovering firmed prices to close at 142.90/
      366 words
    • Article
      Lead
      112 8 LONDON, Frl. -Leadln the morning feli by £8.25 for cash and £6.25 for Three Months. Values were firmer on the pre-market where Three Months traded up to £348 In sympathy with the trend In copper, dealers said. General liquidation soon emerged, however, and this brought out renewed chart and
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    • Article
      Zinc
      111 8 LONDON. Frl. Zinc declined by mostly £6 following the trend In lead with Three Months trading up to £328 In the premarket but soon falling back under stale bull liquidation and stoploss selling. Three Months traded down to £317 in the ring and to £315 on the kerb before
      111 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      510 8 THE local interbank market remained dull yesterday. Local money transactions were sluggish although rates tended to be on the high side In line with market expectations of the last few days. Overnight money for instance opened at four per cent and closed in the afternoon at about the same
      510 words
    • Article
      Minimum lending rates
      47 8 ACBC 6h Firat Chicago Algemene Bank Bangkok Bank 7 Citibank HSBC (Vt Bank of America CV, Bank of China 7 gv, Bank of Tokyo th Bank Nefara OCBC «v, Indonesia 7 OUB 6*. Chartered Bank UCB 7 Chaae Manhattan «H L'MBC 7 DBS UOB
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    • Article
      Asian $ rates
      182 8 Asian rates ASIAN currency deposit 1 rates as at close on June 3 Interbank 7 days 1 mth 2 mths 3 mths Smths 9 mths 12 mths US Mian (Spot) Ofltar Bid 5 5/8 5 1/2 5 tl'16 5 9/16 5 1/8 5 3/4 6 1/16 5 15/16 6 3/8
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    • Article
      Discount
      46 8 RANGE of price* offered by discount house* on June 3 Overnight 2H to 3H Call deposit 3% 3-month Treasury Mils 3-Month Bank bills 3-Month CD ft-Month CD Ctoai Bmy 3 4 9/18 X Satttac 27/8 315/16 4 3/16 4 3/8 Source: National Discount Co. Ltd.
      46 words
    • Article
      Treasury bills
      46 8 RESULTS of tender held on June 3 for 91-day Treasury Bills to be Issued from June 6 to June 10: Offered: $30,000,000 Applied for: $45,700,000 Allotted: $30,000,000 Accepted Bids: $99.25; approximately 55%, higher bids in full. Average rate of discount on allotment: 2.975% pa
      46 words
    • Article
      Euro $ rates
      86 8 Euro rates LONDON. Frl. Trading In Eurodollar deposits was very quiet at the outset and Is likely to remain so for the rest of the day ahead of the long holiday weekend, dealers said. Short dates showed little change. Long weekend 3S 3S Call and seven dan 5 8/16 5
      86 words
    • Article
      New York
      212 8 NEW YORK, Fri. The firmer at 0.3616/18 cents dollar closed weaker yes- from 0.3606/08 overnight, terday on balance than the mark rose to 42.45/47 Wednesday night but re- from 42.42/43 and the Swiss covered from Its lows franc rose to 40.09/11 from touched in Europe in light 40.00/02.
      212 words
    • Article
      London
      119 8 LONDON Fri Sterling firmed to 1.7175 11 in quiet opening trading from 1.7169/72 overnight after early buying around the 1.7170 mark, dealers said. Elsewhere, the dollar was slightly firmer at 2.3550/60 marks against 2.3545/55 overnight and yen at 276.60/70 against 276.55/65. LONDON exchanges opening quote* on June 3 US
      119 words
    • Article
      Hongkong
      100 8 HONGKONG, Frl. The US dollar firmed to a late HK54.6810/ 30 In moderate trading from yesterday's late 4.6790/ 10, after falling to the 4.6755/ 75 level In the morning, dealers said. Tight local money market conditions again dominated trading. Other currencies were quiet and fairly steady, they added. HONGKONG
      100 words
    • Article
      Tokyo
      77 8 TOKYO, Frl. The U.S. dollar for overnight delivery recovered moderately in moderate morning trading to close at 276.55, up from 276.45 at the opening and 276.50 at yesterday's close, dealers said. After an Initial decline reflecting overnight easiness in overseas markets, the US unit firmed as banks bought dollars
      77 words
    • Article
      Frankfurt
      40 8 FRANKFURT exchanges opening quotes on June 3: US 2.3545/56 Can 2 2340/90 UK 4.042/047 NeUi 95.62/72 Swttz 94 40/50 Italy 2 656/662 France 47 80/70 Nor* 44 90 96 Bel| coot 6 53/54 Belg fin 6 53/56 Japan 0.8513/23
      40 words
    • Article
      Australia/NZ
      60 8 AUSTRALIA/NZ exchanges quoted on June 3 Australia SCMInf 0 6466 0.6396 US dollar 1 1070/ 1 1022 Ninety-day air mall buying rate*: Sterling 0.6665 US dollars 1 1323 Ninety-day forward buying rates Sterling 0 6474 US dollars 1 0053 New Zealand Sterling 0 5602 0,5571 US dollar 0.9666 0.9566
      60 words
    • Article
      Zurich
      54 8 ZURICH exchanges closing quotes on June 2US 2 4920-4928 UK 4.2822-2842 Can 2.3588-3801 W Oerm 106.84 92 Neth 101.23 31 France 50 49-52 Belg 6.92-82* Denm 4146 50 Norw 47 56-61 Swed 56 86 88 Italy 0.2814-2816 Austria 14 85-87 Port 6 44 47 Spain 3.60S 61S Arg 0
      54 words
    • Article
      Eurobond prices
      312 8 LONDON, Frl. Straight dollar Eurobonds were steady and basically unchanged In quiet trading. LONDON Eurobond prices quoted on June 3 Slr»i*tUi Bid Oflhr Austria 8*. 90 101V. 101% Bell Canada 8 86 104* 105% BFCE 8% 83 101', 102'/. Brazil 9% 84 97* 98 Can Pacific 9% 83
      312 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      196 8 grftlrTr < 1 r i rfT^i MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and
      196 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      S'pore will not share in 7pc rise
      548 9  -  WESTBOUND CONTAINER TRADE TO INCREASE By TERESA LIM OVERSEAS Containers Ltd. has projected an overall seven per cent increase for its westbound trade from the Far East for 1978. but Singapore is not expected to generate any increase at aIC "This," explained Mr.
      548 words
    • Article
      Lock icon More tankers to be laid up
      158 9 FT LONDON. Fri. Vessels which were brought back into service as a result of freak conditions caused by. the severe winter in the U.S. will soon be laid up again due to the depressed state of the market, shipping brokers now anticipate. E.A. Gibson.
      FT  -  158 words
    • Article
      Dong Sue Line
      216 9 DONG Sue Line was incorporated in Korea and serves the trade from Korea to South-east Asia, its countries of call being Korea, Taiwan, Hongkong, Indonesia, Bangkok and Singapore. It connects these countries with three service*. one from Korea to Taiwan, Hongkong and Indonesia, one from Korea to
      216 words
    • Article, Illustration
      Survival capsule for 50
      85 9 WHITTAKER Corporation of California recently introduced a dieselpowered, 50-man servival capsule capable of getaway speeds of more than six knots for crews on offshore drilling rings in case of disaster at sea. Shaped like an elongated flying saucer, (see picture) the Whittaker capsule is powered by
      85 words
    • Article
      Lock icon OVERTIME BLITZ AT CAR PLANTS
      162 9 AP DETROIT. Fri. A record 25 United States car plants have scheduled tomorrow overtime for this week and production this month should be the highest ever for June, automotive trade journals report. The overtime blitz in 10 Ford motor company plants and 15 General Motors
      AP  -  162 words
    • Article, Illustration
      IN PORT
      440 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Hup Llan 2 (0530 alongside Minador) 38/39 Bunga Mas (1500 after State of Hlmachal Pradesh) 18 Dong Bee (1300 after Hague Maru) 45 Kalemyo (0600 after New Dragon) 55 Kwong Ta (1800) 1/2 Main Lloyd (0700 after Tonghua)47 Perils (0600) 21 East
      440 words
    • Article
      Ford unveils its latest Cortinas
      225 9 THE new Cortina 1.6 GL and the Cortina 2.0 Ghia. Ford's latest offering, are being introduced to the Singapore market today. Though their styling and body design are the same as any other Ford Cortina, these two Eurocars have additional features such as lower waist
      225 words
    • Article
      Lock icon Kfir makes heads turn at air show
      284 9 Reuter PARIS. Fri. A spectacular display of US combat aircraft and Israel's new Kfir fighter-bomber highlighted the opening yesterday of the Paris International Air Show at Le Bourget. Northrop's F-18 fighter made its European debut and vied with General Dynamics' F-16 which won
      Reuter  -  284 words
    • Article
      Lock icon London freight market
      205 9 AP LONDON, Frl. Although North American grain has been exceptlonaly slow for some weeks, rates appeared to have suffered little when expanded fixings from the United States gulf demonstrated a surprising degree of steadiness yesterday. Schouten repeated *4.G0 (FIO) for the "Constance" to work 75,000 tonnes to
      AP  -  205 words
    • Article
      NS Singapore studying more free baggage space proposal
      175 9 SINGAPORE ts still studying the International Air Transport Association's (lATA) proposal for free baggage allowance to be based on size Instead of weight. As the United States Civil Aeronautics Board (CAB) has already implemented new rules on free baggage allowance, also based
      175 words
    • Article
      Lock icon Lufthansa pact
      63 9 Reuter FRANKFURT. Fri. West Germany's national airline Lufthansa said it has reached a tentative agreement with its flying personnel who had threatened to strike this week. An airline spokesman declined to give details of the provisional agreement. Two-thirds of the flying personnel earlier voted by an overwhelming majority
      Reuter  -  63 words
    • Article
      Lock icon AAM to lay off 3,000
      35 9 Reuter DETROIT, Fri. American Motors Corp said production of Matador and Pacer cars will be suspended for a week beginning Monday, idling about 3,000 workers at two Wisconsin planta. Reuter.
      Reuter  -  35 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      606 9 ARRIVALS Service Operator Number Local Time From CAL CPA CI333 CX003 0040 0145 TPE/HKG/KUL HKG MAS PAA CPA CAL MH682 PA847 CX710 CI814 0810 0840 1000 1000 KCH SFO/HNL/QUM HLP HLP SIA GIA SQ211 GA98G 1015 1030 HLP HLP THAI OIA PAL RBA TG423 GA908 PF501 BI325
      606 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      428 9 THESE ARE THE BOOKS THAT HITLER BURNED r i i-- "1 W>l'* "t»' »i r 3- ~w*wlfa a m a m *> i-i*.-. 4- -=J: t 5 5 £5 s|?l-|-I f a s a j 5 Frii kia i t» LL vr* r t "77 7/ as as sssi ss
      428 words
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  • Article
    Lock icon Burma again faces economic, political crisis
    388 10  -  By PAUL VOGLE UPI BURMA. Asia's forgotten nation, which swallowed up tens of thousands of allied and Japanese lives during World War Two, once again J is threatened with economic, political and < military strangulation. Buying writing paper is next to Impossible. The j
    UPI  -  388 words
  • Article, Illustration
    POLITICAL PARTIES GO INTO BUSINESS
    1745 10  -  Component parties of the National Front are out to obtain a greater share of the Malaysian economic cake for their members By V. K. CHIN COMPONENT parties of the National Front are going into business In a big way in order to obtain a greater
    1,745 words
  • Article
    Lock icon Korean plan to woo tourists
    589 10  -  By ROBERT MILLER UPI ONLY in South Korea will US$l3 (Ss3l) buy a rubberneck tour of the probable site of the next Korean war. In their drive to attract tourists to the land of the morning calm, the South Koreans offer a little bit of
    UPI  -  589 words
  • Article
    Ministry clarifies report on problems of developers
    624 10 LETTERS TO THE EDITOR CERTAIN points In the report "Developers see no end to the gloom" (Business Times, May 23) need clarification. The housing programmes of the HDB and HUDC alms to encourage home ownership and create a more stable society. HDB provides
    624 words
  • Article
    Why that Guthrie member was barred from AGM
    355 10 WE REFER to your report "Member barred from Outhrle AGM" (Business Times, June 2) We regret that your report does not give the accurate sequence of events and If not corrected your readers may get a wrong impression of Outhrle Berhad which
    355 words
  • Article
    Lock icon Nor any drop to drink
    924 10  -  By WILLIAM SAFIRE NYT "ONE small drip of water wastes 95 litres a day, or 34,068 litres a year," cautioned an airport sign. "It takes three glasses of water to serve one," warns a card on a coffee-shop table. "To ice, wash and rinse an
    NYT  -  924 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      155 10 GAMBLERS HANDBOOK I rfp J7. tfi or» 5p sin° £a 4 7* ?n k«' 1 16/. by E. Lenox Figgis F.C.A. A practical handbook explaining how batting takes place on the world's most popular betting pastimes, including horses, dogs, football pools, sporting events, casino games, such as craps, roulette, etc.,
      155 words
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      Page 10 Advertisements Column 2
      3 10 See Page 11)
      3 words
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  • Article
    Lock icon SEOUL IS PLANNING TO RAISE GNP BY 46 PC IN FIVE YEARS
    1029 11 Reuter SEOUL, Fri. South Korea Is predicting a startling 46 per cent increase In its gross national product (GNP) over the next five years, and even that estimate is regarded as conservative by some economists. The optimistic forecasts
    Reuter  -  1,029 words
  • Article
    IBS likely to get Seoul licence this year
    247 11 INDICATIONS are that the International Bank of Singapore will get a branch licence in South Korea this year. IBS chief executives, Mr. J.G. Craig, yesterday rated the chances of his bank getting the licence as "fairly bright." A month ago, Mr. Craig
    247 words
  • Article
    Lock icon Koreans pushing for China Sea oil search
    712 11 UPI SEOUL, Fri. South Korea is pushing preparations for joint oil explorations with Japan in the vast continental shelf of the East China Sea. The Tokyo government recently succeeded in clearing a legal stumbling block that had impeded the efforts for more than
    UPI  -  712 words
  • Article
    Lock icon May rains improve crop outlook
    171 11 AP WASHINGTON. Frl. The world's crop outlook improved greatly because of May's favourable weather, but pockets of persistent drought remain, a government report said yesterday. The US Commerce Department's National Oceanic and Atmospheric Administration (NOA A) said areas benefitting from good May precipitation included the
    AP  -  171 words
  • Article
    SMA mission for study of metal industries
    247 11 ONE of the main objectives of the Singapore Manufacturers' Association, small Industries study mission to Japan. South Korea and Taiwan Is to study the organisation and management of the small and medium-sized industries in these three countries. The mission will also study the
    247 words
  • Article
    New envoy
    48 11 MR. See Chak Mun has been appointed Singapore's High Commissioner to Fiji in place of Mr. Punch Coomaraswamy. Mr. See is also Singapore's resident High Commissioner to Australia and will remain resident there. His last posting was as Counsellor to the Singapore High Commission In Malaysia.
    48 words
  • Article
    Lock icon Rich and poor nations sum up the North-South dialogue
    1030 11 AP PARIS. Frl. The following are excerpts from the official English Language version of the final communique of the Conference on International Economic Cooperation issued this morning: The conference examined a wide variety of economic Issues in the areas of energy,
    AP  -  1,030 words
  • Article, Illustration
    Lock icon Warning of world food shortages
    450 11 Reuter MANILA. Frl. More than 40 countries could be short of up to 125 to 170 million tonnes of food cereals and oilseeds by 1985 unless something is done quickly to build up world food buffer stocks, Mr John Hannah, executive director of the World
    Reuter  -  450 words
  • Article
    Lock icon Citibank cautious on HK's long-term outlook
    447 11 Reuter HONGKONG, Fri. Increasing local demand for imports, Implying a comfortable export situation for manufacturing industries in Hongkong, suggests a fairly active business environment in the months immediately ahead. Citibank N.A said. However, its monthly report on the Hongkong economy said uncertainty over the
    Reuter  -  447 words
  • Article
    Lock icon Thailand plans to ask IMF for $74m loan
    112 11 Reuter BANGKOK. Fri. Thailand plans to apply for a loan of about US$3O million (5573.8 million) from the International Monetary' Fund (IMF) and preliminary discussions have been held with visiting IMF officials, a Bank of Thailand official said If approved, the loan
    Reuter  -  112 words
  • Article
    Shippers field five for FASC meet
    124 11 THE Singapore National Shippers' Council 1b sending a five-member team, led by Its chairman, Mr. Sla Yong, to the first annual general meeting of the Federation of Asean Shippers' Councils (FASC) on June 6 and 7 in Jakarta. The AOM has been brought forward
    124 words
  • Article
    US execs due here for talks
    98 11 FIVE US company executives will visit Singapore during the third week of June for talks with prospective distributors on the marketing of their products In the Asean region. They represent five electronics production and test equipment manufacturers which are Introducing their systems to the
    98 words
  • Article
    Lock icon Trade deficit trimmed
    48 11 Reuter BANGKOK. Frl. Thailand's trade deficit fell to U*****.1 million (SS 1,506 million) in 1976 from US$l.O9 billion the previous year, the foreign trade department directorgeneral Mr. Chumphol Thammachari said. He told reporters exports last year totalled US$3.O4 billion and imports of U553.66 billion. Reuter
    Reuter  -  48 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      397 11 APPOINTMENTS MANAGER MANAGEMENT SERVICES $50,000 $60,000 per annum. A major corporation with substantial interests in Singapore, Malaysia and overseas invites applications from top calibre executives to head its Management Services Department. The Department is responsible for the provision of a full range of management services to the corporation and its
      397 words
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      Page 11 Advertisements Column 2
      203 11 notice:") TIIE BANKRUPTCY A(T (CHAPTER IX) IN TIIK I<K;ii COURT OK Singapore In Bankruptcy No. 2X5 of 1977 re: Robert I'hia Tian Hock Kx-parte: Inter-Grace Enterprises Limited •Judgment Creditors NOTICE OK ADVERTISEMENT To: Robert Thia Tian Hock. No. 11. Aroozoo Avenue, Sinn; i pore. 19. TAKE NOTICE that a Bankruptcy
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    SHIPREP AIRING: SPEED WILL BE VITAL FACTOR
    648 12 SHIPREP AIR workers will have to tighten their belts for at least the next three years and make a concerted effort to repair ships in the shortest possible time. "We Know," said Mr. Low Guan Onn, Joint managing director of Jurong Shipyard Limited
    648 words
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    Revamp of Exxon companies in Malaysia
    247 12 KUALA LUMPUR, Frl. The two Exxon affiliated companies In Malaysia are to be reorganised with both companies to be headed by one chief executive officer. The chairman and managlng director of Esso Australia, Mr. R.J. Kruizenge, has already been appointed chairman of the Exxon
    247 words
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    'Reach out for $120b Arab Gulf mart'
    400 12 VOSPER Thornycroft executive, Mr. Gerry Maynard, yesterday threw a challenge to Asean businessmen: Reach out for the Arab Gulf states to tap a market worth US$47 billion (Ssll6 billion) a year. A frequent traveller to West Asia, Mr. Maynard, the commercial director said:
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    Work for a new global economic order call
    383 12 A TOP government official from Oman, Mr. Mohamed Abdul Rahman, yesterday called upon Asian and Arab nations to work towards a new international economic order aimed at stabilising raw material prices and creating a buffer stock fund. Such a move, he believed,
    383 words
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    NMB gets $151,000 to train engineers
    128 12 THE Economic Development Board has awarded grants totalling $151,000 to NMB Singapore for the training of 10 engineers. NMB Singapore is a subsidiary of Nippon Miniature Bearing of Japan, manufacturers of precision miniature and instrument bearings. It Is currently expanding its bearing production and
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    Lock icon PERTAMINA ACCEPTS
    62 12 Reuter WASHINGTON, Frl. Indonesia's state oil company. Pertamlna, has agreed to accept a US court order prohibiting it from violations of federal securities laws, the Securities and Exchange Commission said. The order, issued by a federal judge In New York, bars the firm from selling unregistered securities In
    Reuter  -  62 words
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    Lock icon 'US tin releases will help balance markets'
    233 12 Reuter NEW YORK, Fri. The expected release of additional tin from the US Government stockpile later this year will help bring supply and demand for 19/7 in balance, and probably bold the London Metal Exchange (LME) cash price in the £5,000 to £6,150
    Reuter  -  233 words
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    Changi to have free zone and open skies
    139 12 THE MINISTRY of Communications is to designate a free trade zone at the new Changi airport and an "open skies'* policy to ease the movement of air cargo through Singapore. According to a ministry spokesman, freight facilities at the airport will occupy
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    Problems of ship officers
    96 12 THE Marine Department Is to refer to the Ministry of Labour the issue of work permits for foreign ship officers working on locallyregistered vessels. In an "open dialogue" with the Singapore Maritime Officers' Union (SMOU), the department told "the latter it could not stop the Influx
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    US back as top trade partner
    431 12 THE United States has recaptured Its position as Singapore's top trading partner, according to trade figures from the Department of Statistics for the first four months of this year. From January to April, the total trade between Singapore and the US reached $2 billion
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    Lock icon Manila wants rent for further use of bases
    457 12 UPI MANILA. Fri. The Philippines is ready to resume military bases negotiations with the United States at anytime but wants to collect rent for continued American use of the bases. President Marcos said today. Mr. Marcos told the Foreign Correspondents Association of
    UPI  -  457 words
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    Lock icon Oil conflict with China unlikely
    188 12 UPI MANILA. Frl. President Marcos today said he does not expect any conflict to arise between Philippine offshore oil explorations in the South China Sea and reported similar drilling operations in the same general area by China. Asked by newsmen about reports from Hongkong that
    UPI  -  188 words
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    LONDON STOCKS
    738 12 LONDON, Frl. Government stock prices declined while leading equities maintained earlier small rises with trading slack ahead of the long weekend, dealers said. Long-dated bonds remained around 1/8 easier aflat similar rises and shorter loans lost 1/1 to 1/4. Leading industrials were mostly a penny or two firmer
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    Lock icon BP gives report to SEC of improper payments
    297 12 Reuter LONDON, Fri. British Petroleum Mid it will today file with the US Securities and Exchange CommiMion report on questionable or improper payments which includes a decription of certain transactions. The inclusion of such transactions in the report is not an admission
    Reuter  -  297 words
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    Lock icon Japan urging car firms to cut exports to US —report
    314 12 UPI Reuter NEW YORK. Frl. The Ministry of International Trade and Industry of Japan is beginning to pressure Japanese car manufacturers to trim their exports to the United States to avoid the threat of trade restrictions, according to Business Week
    UPI; Reuter  -  314 words
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    Lock icon ORANGE EXPORTS FREED
    94 12 UPI TOKYO. Fri Exports of Japanese oranges (satsuma orange) to Canada, restricted for almost 26 years under the export trade law, will be allowed from June 8 according to government officials. The control on canned oranges of the same kind will be abolished at the same time,
    UPI  -  94 words
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    Common code on motoring
    216 12 AUTOMOBILE associations throughout the world can now refer to an internationally co-ordinated policy on motoring, with the adoption by the International Touring Alliance (AIT) of 38 public policy statements. The statements, which deal with a broad range of subjects, including traffic and safety, highways, and .environment,
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      235 12 XiV The SGV Group Placement Advisory Services for Clients Our client, a progressive company with expansion programs, engaged in the petroleum industry, invites application for the PCS,O,: ADMINISTRATION CONTROLLER/MANAGER $30,000 p.a. plus generous fringe benefits Initially, the successful candidate will report to the Company Secretary. Upon proven ability, it is
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      193 12 SEE PAGE 11 The Koreans Are Coming! %A >';■ Vf .1 i\ ;4f fc u -7. AsL k 1 > ./Br -I- „ulv inl«ro<flio"<' 1 Or mail thi« coupon now sale OW A HIGHLIGHTS COVER STORY HERE COME THE KOREANS NEWSWEEK reports on South Korea's remarkable economic boom and profiles
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