The Business Times, 24 June 1978

Microfilm: NL9737
Total Pages: 12
1 12 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, JUNE 24, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Tarling tarries
      87 1 Reuter LONDON, Frl. Former Haw Par chairman Richard Tarling today won a temporary stay of his extradition to Singapore on company law charges. He was due to fly out on Monday accomDanled bv a Singapore police officer. Tarling, 43, was given leave In the High Court to apply
      Reuter  -  87 words
    • Article
      Lock icon Dollar skids
      87 1 AP LONDON, Frl. The dollar was on the skids again today after a short-lived rally yesterday on news that President Carter plans action to curb US oil Imports. The US currency closed on the Tokyo foreign exchange at 209.525 yen, equal to the record closing low set on
      AP  -  87 words
    • Article
      Lock icon Sonoda tries
      83 1 AFP Reuter TOKYO, Frl. Japanese Foreign Minister Sunao Sonoda todav sought cooperation from his Cabinet colleagues to help lower Japan's tariff and non-tariff barriers and Increase Imports from the Asean nations. He made the request when reporting to the Cabinet meeting on talks last weekend with the Asean
      AFP; Reuter  -  83 words
    • Article
      Lock icon Rubber scheme
      83 1 AFP KUALA LUMPUR, Frl. Malaysian Minister of Primary Industries Datuk Amar Talb Mahmud today said that the new general purpose rubber was part of the revision to the SMR scheme that would come into force next year. In another development, the controller of Rubber Research and chairman of
      AFP  -  83 words
    • Article
      Lock icon Cheap clothing
      83 1 AFP OTTAWA, Fri. Bilateral agreements with Far East and East European countries restricting cheap clothing exports to Canada will come into effect on Jan 1 next year, Canadian Minister of Industry and Commerce Jack Horner announced here. The agreements were made for a maximum of three years with
      AFP  -  83 words
    • Article
      Lock icon North and South
      66 1 Reuter SEOUL, Fri. South Korea today took a new step in its effort to resume the deadlocked dialogue between the two Koreas when it proposed a mechanism for economic cooperation with its northern neighbour. President Park Chung-hee, in a special statement, called for a "consultative body for
      Reuter  -  66 words
    • Article
      Lock icon Dow Jones
      55 1 UPI NEW YORK, Fri. Prices moved higher in moderate trading of New York Stock Exchange issues early today. The Dow Jones Industrial average, which gained 2.77 points yesterday, was ahead 1.99 to 829.69. Advances held a better than two-to-one lead over declines, 738 to 323, among the 1,493
      UPI  -  55 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      128 1 Rises Min Sec 326 116 Lower Pertk 240 +54 STP1*75 710 +30 F E Levingaton 342 +30 Carlaberg 505 +29 Matauahita 430 +28 PeUling 650 +20 Berjaya Kawat 245 +20 Sin Chew 344 14 (onaplant Wrta 284 14 Malayawata 276 12 Foils C K Tang 167 -5
      128 words
    • Article, Illustration
      In Kuala Lumpur
      149 1 Rises Carlsberg 5.25 .27 B Kawat 2.54 .23 Toshiba 4.40 .20 Matsushita 4.44 .18 O Kent(M) 2.20 +.16 Malayawata 2.83 +.15 U M Works 1.91 +.12 Chersonese 2.03 .12 Rlvervlew 2.12 +.12 Inch KK 5.20 .10 F fc N 5.50 .10 SKinta 6.10 +.10 Berjuntal 8.50 +.10
      149 words
  • Article
    SIA fights shy of Exim loan
    1191 1  -  WINGS MAY BE CLIPPED By JOHN TAN in Washington SIA IS yet to make a formal application to the US Export-Import Bank to finance part of its massive aircraft order with Boeing. It was widely assumed that the Singapore carrier would make this move.
    1,191 words
  • Article
    TOKYO SPEEDS UP IMPORTS
    139 1 JAPAN'S Cabinet Economic Council decided to accelerate Implementation of export curbs and emergency imports to reduce Japan's trade surpluses, International Trade and Industry Minister Toshio Kohmoto said. The council also decided at a meeting to ask other countries to restrain inflation, which tends to increase imbalances
    139 words
  • Article
    Higher quality textiles will win the day
    748 1  -  By SIVA ARASU ASIAN textile manufacturers exporting to the European Economic Community must concentrate on producing higher quality durable products in order to survive. This change is necessary because of the limited demand for cheap textiles in Europe and the stiff competition posed
    748 words
  • Article, Illustration
    Prof. Chen to join IEE in August
    211 1 PROFESSOR Jimmy Chen (above), mtnafinf director of the Applied Research Corporation (ARC), will join Industrial Electronic Engineering, a public company, as msnsging director in August. Prof. Chen will, however, stay on at the ARC as managing director and will serve the government "think
    211 words
  • Article
    Jardines may spawn a Far East super hong
    580 1  -  ■y MANO SABNANI THE Jardlne, Matheson group of companies, which has been undergoing significant structural change in the past few months, may yet stun the business world if a proposal to merge It with two other Hongkong hongs pulls through. Directors of
    580 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      21 1 LANIER COURIER the perfect secretary.... U 5" high 2Va" wide lOoz. wt. .works 24 hours a day and never grumbles Sd»Agant:DoNfMr,'M:s3293B/*****3
      21 words
    • Advertisement
      Page 1 Advertisements Column 2
      92 1 ill 11 Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and slots. Platinum-coated to give you
      92 words
    • Advertisement
      Page 1 Advertisements Column 3
      76 1 m TOWER of strength for Promet 2 SALES t|enti wanted for Australian equipment 2 FULL steam ahead for propulsion system 5 ARABS play it safe in US investment 6 LETTER from America. The tmw battle t V? ••••eeeeeeeeeeee PETRO-DOLLARS deluge Beverly Hilly 7 TRONOH is on its own 11 BUJJT
      76 words
    • Advertisement
      Page 1 Advertisements Column 4
      103 1 Everett Lines FOR TNI MOST FRIQUINT SAILINGS TO BANGKOK HONGKONG •JAPAN PUS AN. Everett Steamship Corpn. S/A Leader Pt(tt Catch the super speed special from Oc6 oce 0° lagemeyc lI from Ho special from Holland. After tremendous success in Europe and America the Oce 1700 is now introduced in Singapore.
      103 words
Page thumbnail Page 2
  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      398 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Associateshlp Course, SITC, SITC June 5-July 29: Life Agents Certificate Course, SITC, SITC June 21-24: Sales conference, RELC, PT Richardson Merreil Indonesia June 15-July 3: Employee relations communications, Hilton, POD July 6-13: Financial aspects of personnel mngt, Hilton, POD
      398 words
    • Article
      Production of rubber on the slide
      515 2 PENINSULAR Malaysia's rubber production declined for the third consecutive month in March to 87,367 tonnes while palm oil managed to reverse the recent declining trend to record a production of 97,883 tonnes. Between February and March, rubber production dropped by 30,528 tonnes. This decline
      515 words
    • Article, Illustration
      Avis Car running well in Asean
      89 2 THE ASEAN countries and Hongkong are strong growth areas for Avis, according to its president and chief executive, Mr. Colin Marshall. Avis will spare no effort in exploiting this big growth potential, said Mr. Marshall who is on a visit to the Asian-Pacific area,
      89 words
    • Article
      CALLING CHANGI...
      122 2 A SINGAPORE-based company has been awarded a contract to supply $140,000 worth of ground/ air transmitters and receivers for use at the Changt International Airport. The company, International Aeradlo Far East, has In turn placed an order for the equipment from Its UK subsidiary, Park Air Electronics. The
      122 words
    • Article
      Cargo at container terminal up in April
      174 2 CARGO THROUGH the Port of Singapore Authority's (PSA) container terminal maintained a steady increase In April, rising by 6.3 per cent to 562,000 tonnes. Except for Telok Ayer Wharves, however, the other five gateways registered reductions in throughput, said the PSA's monthly publication,
      174 words
    • Article
      Lock icon Getting more beef to the Japanese
      355 2 UPI BEEF exports and ways of encouraging Japanese Investment In Australia will be on the agenda of the meeting on Monday between the two countries. The Japanese delegation taking part In the annual ministerial exchange, led by Foreign Minister Sunao Sonoda, includes Agriculture Minister
      UPI  -  355 words
    • Article
      Beating inflation with carpets
      292 2 IN TIMES of inflation, one of the few reliable investments Is carpets and their short supply has ensured that these increasingly popular objet d'art appreciate each year. The shortage of Persian and Turkish carpets Is caused mainly by the prohibition of child labour in these two
      292 words
    • Article, Illustration
      Promet looks to next tower of strength
      307 2  -  ■y RAHIM KASSIM PROMET'S completion of two floating transhipment stations will stand it in good stead for another contract for a similar vessel next year. The floating stations, valued at f 15 million, were built for a major Thai shipper of primary bulk
      307 words
    • Article
      Meet Korea's model workers
      160 2 A 20-MEMBER South Korean team Is spending five days here to understand better the local workers' lot and the trade union movement. Led by Mr. Park Chungkyu, chief of the Planning and Budget Division or Administration of Labour Affairs, the team consists mainly of model workers
      160 words
    • Article
      Aussie firm seeks local sales agents
      306 2 AN AUSTRALIAN company which manufactures specialised weighing and control equipment for the mining and process industries Is seeking Singapore sales agents. The company, Ramsey Engineering, will show Its products at the materials handling equipment display which will be held at the Australian High Commission's
      306 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      645 2 FIRST NATIONAL BANK IN DALLAS DALLAS, TEXAS (INCORPORATED IN THE US A. WITH LIMITED LIABILITY) CONSOLIDATED STATEMENT OF CONDITION December 31, 1977 ASSETS Cash and Due from Banks on Demand Bank Time Accounts Funds Sold Loans, Net of Valuation Reserve for Possible Loan Losses of $22,405,000 Equipment Lease Financing Investment
      645 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      641 2 I TWO-IN-ONE CROSSWORD g 1 Financial estimate (0) 2 Babywear item (8) 3 Beams (4) 4 Close study (7) 5 Sedate (S) 6 Ice masses (S) 8 Boy attendant (4) 9 Transgression (3) 12 Title (3) 13 Approaches (5) 15 Ventilated (5) 18 Oarsman (5) it Pledge (3) 29 Vehicle
      641 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon TAIWAN BUYS $276m OHIO PRODUCTS
      240 3 AP TAIWAN ha* signed contracts to purchase US$l2O million (***** million) worth of Ohio Industrial and agricultural products. Mr. H.K. Shao, directorgeneral for the Taiwanese Board of Foreign Trade said about 180 million would be for various Industrial goods, while the balance would be spent
      AP  -  240 words
    • Article
      Lock icon Enough loans, Manila
      216 3 Reuter PHILIPPINES' central bank governor Oregorlo Licaros said there Is no particular need at present for the country to borrow further. However, Mr. Licaros recognised a possible change in circumstances In the future. Meanwhile, senior central bank officials said availments under the 950 million ceiling imposed by
      Reuter  -  216 words
    • Article
      Lock icon Turkey bid to re-schedule its $5.7b debts
      609 3 Reuter REPRESENTATIVE of eight major European and U8 banks met Turkish Finance Minister Zlya Muezzlnoglu in Ankara to discuss re-scheduling debts of about US$2.5 billion (555.75 billion) which Turkey owes to over 200 foreign private banks. Ankara financial sources said Turkey wants to
      Reuter  -  609 words
    • Article
      Lock icon A first-quarter growth of $13b for Euro-market
      605 3 Reuter THE LONDON Euro currency market grew about US$5.5 billion to $239.4 billion (3512.7 billion to over $550 billion) In the first quarter this year, the Bank of England, said In its quarterly bulletin. The provisional Increase In the market, measured by the
      Reuter  -  605 words
    • WORLD IN BRIEF
      • Article
        Lock icon U.N. AID FOR THAILAND
        650 3 Agencies THE United Nation's governing council has approved U5529.5 million (SW7.B million) in economic aid to Thailand for 1979, a spokesman said In Bangkok yesterday. The funds will be used for seven major economic sectors. THE Common Market's executive commission said it has imposed provisional antidumping
        Agencies  -  650 words
    • Article, Illustration
      Lock icon Chretien still hopes for 5pc growth
      332 3 UPI Reuter CANADIAN Minister for Finance Jean Chretien (above) said on Thursday that he still expects nearly 5 per cent economic growth this year despite a mere 0.7 per cent increase in the gross national product during the first quarter. 'I am not giving
      UPI; Reuter  -  332 words
    • Article
      Spain fights capital inflows
      79 3 THE BANK of Spain reinstated mandatory special deposits amounting to 100 per cent of any rise In foreign accounts for payments made In Spain. According to a decree from the Spanish Ministry of Economy, the move which also applies to foreign accounts In convertible pesetas, is
      79 words
    • Article
      Lock icon Sugar price up 2pc
      460 3 AP SIXTEEN developing countries of Africa, the Caribbean and the Pacific have settled for a 2 per cent rise in the sale price of their sugar to the European Common Market despite an earlier effort to obtain a hike of 9 per cent. Representatives reached the
      AP  -  460 words
    • Article
      Lock icon Fed policy may push US into a slump
      701 3 Reuter THE current tightening of monetary policy by the Federal Reserve risks Jushing the US economy 3to a recession, Joseph Pechman, director* of economic studies at the Brookings Institute, said In London. Mr. Pechman said shortterm interest rates have risen 150 basis
      Reuter  -  701 words
    • Article
      Lock icon TAKE THEM DOWN A PEG OR TWO
      463 3 UPI AMERICA'S wooden clothespeg industry Is likely to collapse completely unless President Carter acts to limit imports from China, Rumania, Poland and other communist nations, a US manufacturer warns. The nation's four major Kg firms, claiming the rer-prlced Imports are cutting sharply into
      UPI  -  463 words
    • Article
      Call to freeze federal spending
      307 3 FORMER US Treasury Undersecretary Edwin Yeo called for a 12-to-18-month freeze on Federal expenditures. "Such a freeze, tied to a tax cut, Is the type of 'dramatic' action needed to curtail further Interest rate increases this year and help stabilise the US dollar abroad," Mr
      307 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      84 3 3 manly offers at 10°/. off > -ih. >, m > m r i^i <■* ><■ KsSl --V k 3 i. V 2SK& SP&FJ! ;> •■*<?# "*'i 'w f? i&ti is. 33: <158? WSR! l$S m V M 3- L .vs Sfl ■£?V. M i S •V. ?>• i fc
      84 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      456 4 OPENING prices yesterday rose 4.25 cents in the Singapore rubber market following higher London advices and advanced further on renewed buying, trade and covering demand. Profit-taking emerged later to pare the rise slightly, but was well absorbed. Forward depaand notably October/December was noted. The market closed
      456 words
    • Article
      RAS PRICES
      323 4 H A S. prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers lit. 1 R.S.S. prompt fob. 239 50 240.00S 239.25 240.25N int. 1 R.S.S. July 239.75 240.00 239.75 240.25 int. 1 R.S.S. August 239 25 239.50 239.25 239.75 lilt. 2
      323 words
    • Article
      SSR AND SMR
      97 4 NOON S8K and SMR-prices yesterday: July August RW (Cm rmM Mth) (Forward Mth) Buyer Seller* Buyer* Seller* (en itaperkf) (ceati 'Perk®) NSK2U (1-ton pallet) 218.50 220.50N 219.50 221.SON •SSK H) (1 -ton pallet) 216.50 218.50N 217.50 219.SON MK.t.L.B. SMK 5CV (1-ton pallet) 245.50 247.SON 344.00 248.00N •SMH
      97 words
    • Article
      Palm oil
      85 4 C.I .F North European pons, in US dollars per ton unless otherwise sti LONDON: Wwtawd.y PreriMs Malaysian 5% {fa bulk per tonne Aug 800 sir 806 sir Sumatra 5% ffa bulk June 100 sir 890 pd Jiy 470 sir 879 sir August 810 sir 820 sir September 986
      85 words
    • Article
      Closing prices
      31 4 Rubtxr: June 23 Singapore: July 239.75 cmtt (up Ave cent*) Malaysia: July 244.75 cmt» (up 3.25 Niti) Tin: M 11.752 (down (23) Official offering: 203 tonnM (up lii tonne*)
      31 words
    • Article
      Cocoa
      248 4 TERMINAL cocoa yesterday morning finished the first call below traded highs, showing gains in most positions of £2.50 to ClO per tonne in London. Forward 1979 positions were marginally easier on lack of interest, dealers said. They said sentiment was still affected by the oil shortage in Ghana and
      248 words
    • Article
      Produce exchange
      292 4 produce market yesterday. a $2.50 per plcul rise for all grades. Sellers were rather from Piirnn* good inquiries from Europe mainly for whites. Meanwhile, coffee prices continued their downward trend. A broker said there was only slight buying interest and some arrivals are expected within the next few
      292 words
    • Article
      Hongkong comex
      181 4 SUGAR futures closed around 0.10 US cents lower In continued dull trading yesterday, with seven lots traded against five on Thursday. F. O. Licht's estimate of world sugar production at 93 million tonnes in 1977/78 was In line with expectations and had no major Impact on the market.
      181 words
    • Article
      SPOT PRICES
      194 4 YARN and cotton in Hongkong dollars, spot ex-godown: Cotton Yarn: China Blue Phoenix 20's 1.715. 32 s 2.150. 40's 2.230. (per bale of 400 lbs). Piece Goods: China Butterfly and Olobe Brand unq. Dragon head unq. Five Lambi unq. Flower and Butterfly unq. Flying Geese unq. (per piece
      194 words
    • Article
      Sugar
      236 4 TERMINAL in London yesterday morning opened £0.60 to £0.30 per tonne down from Friday's levels and turnover totalled 459 lots. The market was quiet on lack of news to spur fresh outside Interest. Dealers were still awaiting Information on Thursday's buying tender In Kenya for six cargoes of first
      236 words
    • Article
      Straits tin
      126 4 THE STRAITS tin price In Penang yesterday fell a further M 323 to $1,702 per plcul on an official offering up six tonnes to 203 tonnes. In LONDON yesterday, tin rose by £87 for cash and £45 for three months standard while high grade was up £70 and
      126 words
    • Article
      Coffee
      168 4 TERMINAL yesterday morning opened £41 to £21 per tonne higher and turnover totalled 884 lots In London. Prices opened higher on mixed buying and shortcovering after Thursday night's rise In New York. However, the higher levels attracted widespread selling which baited the advance when September reached £1,540 per tonne.
      168 words
    • Article
      Rice
      196 4 BANGKOK prices were squoted as follows yesterday: (US dollars per tonne FOB basis Bangkok): White Rico: 100 pet lit class 437. 100 pet 2nd class 422. 100 pet 3rd class 417. 5 pet 406. 10 pet 39 15 pet 387, 20 pet 382 25 pet 3TC. 35 pet unq
      196 words
    • Article
      Soybean
      105 4 SOYBEAN futures In Chicago closed USII cents a bushel higher in the nearby to four cents in back months on Thursday. Trading activity generally appeared light. Local short-covering appeared to be evenlng-up of positions ahead of the stocks in all positions, traders said. Moderate to light exporter pricing, possibly
      105 words
    • Article
      Wheat
      79 4 WHEAT futures in Chicago ended US2M to four cents a bushel higher, slightly off the day's highs on Thursday. The market derived much of its support from exporter pricing and aggressive buying throughout the session by one commercial firm, traders said. Corn futures finished up two to 3% cent
      79 words
    • Article
      Prices move within 10-cent range
      414 4 NEW HEIGHTS were reached in the course of volatile trading this week as f rices fluctuated within a 0-cent range, finally Improving some five cents on the previous week's close. Turnover was generally good, but was hampered by the fast and erratic movements, Holiday, Cutler,
      414 words
    • Article
      Copper
      316 4 COPPER wlrebars In London yesterday finished the morning with gains of £8.5 for cash and £8 for three months. Prices rallied on the premarket under shortcovering and fresh buying prompted by expectations of a sizeable faff In LME stocks this week. Three months traded up to £722 before pricing
      316 words
    • Article
      Silver
      292 4 SILVER yesterday morning rose by 1.8 to 1.5 pence In London. Prices were marked higher at the outset of the pre-market, reflecting the late overnight rally at New York. The market subsequently was well maintained in sympathy with the trend in base metals. But ring trading was only light
      292 words
    • Article
      Gold
      409 4 THE KHOBAR In Singapore yesterday opened at §13,879, ltthlghest level for the day. The market later drifted off to $13,944 and held at this level throughout the morning session. The market opened weaker In the afternoon and closed at a low of $13,915. In the London market, the metal
      409 words
    • Article
      Lead
      81 4 LEAD yesterday finished the morning with gains of £3.57 for cash and £2.75 for three months In London. The metal was aided by the rally in copper and reports of fairly good physical enquiry from Europe. Three months traded up to £318 on the pre-market although gains were pared
      81 words
    • Article
      Zinc
      75 4 ZINC on the morning gained mostly £2.50 in London yesterday morning. The pick-up in prices reflected the trend in copper, with three months trading up to £313 on the pre-market, but slipping back in the ring where influential selling of cash had a restraining Influence. On Thursday afternoon, zinc
      75 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        434 4 THE US dollar fell to another low against the year on the foreign exchange market yesterdayOtherwise, the dollar suffered only marginal losses against major currencies. In the morning, there was not much movement after the dollar opened at 209.65/75. However, with the start of trading on the London
        434 words
      • Article
        Asian $ and CD rates
        154 4 Asian and CD rates ASIAN currency deposit interbank rates as at cloae on June 23. U8 DollaraOpot) Oflfer BM 7 days 8 3/16 91/19 Imth 81/4 91/t 2 mths 9 1/1 8 3/8 3 mths 13/4 8S/8 roths 91/1 9 Broths 93/16 91/16 12 mths 91/4 9l/» 8w. Fn. Dm.
        154 words
      • Article
        Discount
        5 4 ra r.*!fi !TM™ Fl'Hifc.M
        5 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their beet customers Is 7 per cent.
        21 words
      • Article
        Euro $ rates
        113 4 Euro rates EURODOLLAR deposit rates yesterday opened steady, around Thursday's slightly firmer levels. Trie fall In the US money supply figures has little impact on rates. Periods opened basically unchanged, but four months gained around 1/8 due to a Friday end, dealers added. Rates held steady around openings In usual
        113 words
      • Article
        Tokyo
        195 4 THE DOLLAR for overnight delivery closed lower at 209.55 yen yesterday, compared with a 210.50 opening and 209.85 at Thursday's close, after falling to 208.90 at one point. Trading was heavy with volume US$66O million. Dealers said the Bank of Japan was believed to have bought a small amount
        195 words
      • Article
        London
        174 4 THE DOLLAR weakened against most major currencies In quiet trading yesterday, with the yen approaching its record high against the dollar achieved earlier In the week. The market overreacted to reports that President Carter is prepared to Impose fees on oil Imports. The dollar Is now being led lower
        174 words
      • Article
        New York
        169 4 THE DOLLAR closed firmer against major currencies on Thursday, although off Its best levels of the day. The US unit firmed quite sharply In the morning on a report that President Carter is prepared to impose fees on oil Imports unless consumption is reduced. Tne dollar then drifted
        169 words
      • Article
        Hongkong
        127 4 THE US dollar closed slightly weaker in moderate trading yesterda/, with most Interest centred around the yen and mark. Dealers said market conditions tended to be confused although the Fed's revised money supply report made little impact. The dollar was quoted at 209.15/35 yen, down from its 200.55 Tokyo
        127 words
      • Article
        Australia/NZ
        41 4 AUSTR ALIA/NZ exchanges quoted on June 23. AUSTRALIA: US dollar 1.1438/ 1.1980 Sterling 0.8234/ 0.8183 US doStfi 1.1783 Ninety-Oajr forward buying rata Sterling 0.8X8 US dollars 1.1381 MfW ZEALAND: BXTSM 8.9888/ 8.8898 US Ar 1.8171/ 1.8171 buying rate*: UvTdoI&r 1J888
        41 words
      • Article
        Treasury bill results
        41 4 REBULTB of tender held on June 23 for 91-day Treasury bills to be Issued from June 26 to 30. Omrnrni: 880.066,066 Ai||llll far: 857.800.0 M \lUttd: >30,800.068 ly M*' Meter btt* Amp nH *f Oeeeaat m mßitmmmt: IM%
        41 words
      • Article
        Frankfurt
        34 4 FRANKFURT exchanges opening quota on June 23. US 2.0835/46 CM 1.MS&/M6 Ml 3.835/846 Dfl 83 12/27 atr lM.rr/w Lit 2.437/437 FTr 46.48/57 Nkr 98.98/88 Bfr con 6.988/989 Bfr fin 6 34/35 Ten 6J87V86
        34 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      40 4 The Love of ooking n m 4 -*< *v itA 6!« M ft c 13 mm 1 s **■< fc I r* r Mpartt* preparation, cooking and aarvtng Inatnic* MWlMli Over 100 M* > |«|^i i* i| M li 111 l 230 i
      40 words
Page thumbnail Page 5
  • TRANSPORT
    • Article
      Lock icon US laws to stifle Soviet shipping threat soon
      162 5 UPI LEGISLATION in the US to control unfair competition by state-owned merchant marine concerns, especially from the Soviet Union is well on its way to being enacted. Expected to reach the House of Representatives in July, the "Controlled Carrier" bill provides for
      UPI  -  162 words
    • Article, Illustration
      ANOTHER 'K' FOR UASC
      161 5 THE 39th 23,800 dwt K-class multipurpose vessel for the United Arab Shipping Co (UASC) was recently launched at the Govan Shipbuilders yards at Scotstoun, Scotland. UASC has also ordered 21 of the vessels from Hyundai, South Korea, and only one remains to be launched from the
      161 words
    • Article
      FULL STEAM AHEAD
      782 5  -  LLOYDS WORKING ON NEW DESIGN •y WANG LOOK KEAH A MAJOR resurgence of Interest In the steam engine Is expected now that marine engineers from Lloyds Register of Shipping, one of the world's leading classification societies, are working to develop the design for marine steam propulsion systems.
      782 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      692 5 ARRIVALS Service Local Operator Number Time From SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP CAL CI814 1000 HLP RBA BI323 1025 BWN OIA GA980 1030 HLP THAI TG423 1035 BKK SIA %3103 1045 KUL
      692 words
    • Article
      Lock icon Prevention is far cheaper than pollution
      332 5 Reuter THE COST of coastal pollution by oil tanker wrecks and other leakages Is many times more than the sum needed to prevent It. The chairman of a European parliamentary committee looking Into marine disasters, Lord Bruce of Donlngton said In Paris: "A whole
      Reuter  -  332 words
    • Article
      Selco wins $5m ferry order
      108 5 SELCO Shipyard has recently won a <5 million contract to build two passenger-and vehicle ferries, each with a seating capacity of 108 passengers. The contract was awarded early this month amid stiff competition from Japanese, Korean and German yards. The ferries which may also be
      108 words
    • Article
      Lock icon LONDON FREIGHT
      163 5 UPI JAPAN featured as the destination of much of Thursday's overall sparse business. Most of the market remained weak as enquiry failed to expand but South Africa provided an exception when the malse rate to three ports In Japan moved up by a further 20 cents to U5514.85
      UPI  -  163 words
    • Article
      Lock icon Braniff gets CAB approval to operate Concorde flights
      209 5 Reuter AFP THE US Civil Aeronautics Board (CAB) agreed in principle to let Braniff Airways operate a Concorde flight at eubeonic speeds from Washington's Dulles Airport to Dallas-Fort Worth in Texas. But the board, which regulates the US airline industry, did not
      Reuter; AFP  -  209 words
    • Article
      SIA jet club for juniors
      137 5 TO encourage air travel among the young, SIA will be starting a Junior Jet Club on July 1. The SIA Junior Jet Club will be opened to passengers below fifteen years of age. Children can enrol themselves with SlA's cabin crew when travelling on any
      137 words
    • Article
      US-British talks on joint aircraft
      290 5 BRITISH Prime Minister James Callaghan will meet leading American aviation officials this weekend to discuss collaboration on a new aircraft. Mr. Callaghan, who Is due In New York on Monday to receive the first Hubert Humphrey Memorial Award, Is flying to Washington two days earlier
      290 words
    • Article, Illustration
      SHIPS IN PORT
      320 5 EXPECTED ARRIVALB TODAY KEPPEL WHARVEB Cherry Vllja (B. Barge) (0800 40/41 Eastern Sea (B. Barge) (after Ocean Supply) 38/39 Ktmanls (1300 20 Nedlloyd Karakorum (0800) 3/4 Ocean Supply (B. Barge) (0800 after Xlndu) 38/39 Perekop (0600 after Izuml Maru) 10/11 Yamasuml Maru (1500 after King River) 23/24
      320 words
    • Article
      Utapao cargo centre?
      84 5 THAILAND is contemplating proposals submitted by Thai and foreign companies to develop Utapao alrbase on the Oulf of Thailand into an air cargo centre. Thai Communications Minister, Suraki| Mayal&rb,! pointed out that Utapao location Is appropriate for development into an air cargo centre since goods could be
      84 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      602 5 TONG BEE FINANCE COMPANY LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET A 8 AT 318T DECEMBER, 1977 SHARE CAPITAL, RESERVES AND LIABILITIES 1*77 SHARE CAPITAL Authorised, Issued and fully paid 1,000,000 shares of $1 each STATUTORY RESERVE REVENUE RESERVE Unappropriated profit Total Share Capital and Reserves CURRENT LIABILITIES
      602 words
Page thumbnail Page 6
  • Article
    Brain exodus benefits all
    397 6 THE EXODUS of university lecturers to the private sector need not be a drain on our resources as It is often portrayed or perceived to be. Any movement between the public sector, the private sector and academe can also be seen as a benefit to the
    397 words
  • Article
    A LOT OF JAPANESE BULL
    279 6 SINGAPORE'S now famous call "stop at two" may have influenced more decision-makers than the local family planning board reckoned with. There Is now confirmation that the 300 bulls that the Mitsubishi Corporation will send to its cattle farm in Brunei will only sire two calves
    279 words
  • Article, Illustration
    Lock icon Arabs break into their safe deposits
    1310 6  -  YOUSSEF M. IBRAHIM NYT CAUTIOUS and conservative are the bun words on Arab investments In the United States. Big American banks that handle most of the approximately UBs3o billion (Ss69 billion) worth of Arab money In the US and government officials who monitor It
    NYT  -  1,310 words
  • Article, Illustration
    Lock icon MORE MONEY IS NOW FLOWING INTO AMERICA
    907 6  -  By MICHAEL DOAN AP FOREIGNERS are investing more money in America, in all kind* of enterprises. When an American buys an ice cream cone at a Baskin-Robbins ice cream store, the cash register rings at A. Lyons Company in London. When he buys
    AP  -  907 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      294 6 Kf 1* f m t a I P»1 ft s I Li. d. W 1 ft ft Ml <*jav: No dinner is complete without aWhite Label Another qvality product from Havelock Road S'pore 3. Tel: *****1 ion bar presents TotoSHteKtos The Jackson 5 of Manila Don't miss the exciting sounds
      294 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated shoxoers. Report for 24 hours prior to 7.30 p.m. on June 23 at the airport: Maximum Temperature 31.7° C Associated Humidity 68 Minimum Temperature 21.7° C Associated Humidity 98 Hours of Sunshine 7.70 Rainfall in Millimetres 20.5 Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      320 6 TV SINGAPORE 5 12.55 PM Opening announcements followed by Sesame Street 2.00 Saturday Matinee Act One Starring: George Hamilton, Jason Robards Jr., Jack Klugman, Sam Levine < 3.45 Police Surgeon Smash Up 0 4.10 Inter-Constituency Sepak Takraw (Malay-Final-Repeat) 4.55 Sandiwara A Malay drama entitled "Sayang Sayang Menantu" (Repeat) 5.40 Little
      320 words
Page thumbnail Page 7
  • Article, Illustration
    Lock icon Sheik bares all at his US$7m open house
    1027 7  -  THREE OF THE GUESTS •y ROBERT LINDSEY NYT JOE TILEM, the mayor of Beverly Hills, California bounded down the spiral staircase from the bedroom suite and looked amazed. "Nine hundred million," he said. "That's what they said the family is worth, 800
    NYT  -  1,027 words
  • Article, Illustration
    The battle is just starting
    1148 7  -  LETTER FROM AMERICA by* John Tan FIVE MONTHS after Presldent Jimmy Carter proposed his ambitious tax reduction and reform package, on Jan 21, he Is finding to his dismay that the people he most needs to Ct the proposals through to v are In diametric
    1,148 words
  • Article
    STRAWS IN THE WIND
    285 7 A GERMAN-RUSSIAN phrase book designed to help East German foreign traders negotiate with the Russians reveals more problems than It solves: petrov: "I gather that your price has been raised 12 per cent. Based on the competitive offers we received, we can only agree to a
    285 words
  • Article
    Male Chauvinist Fox
    807 7  -  •y ALISON LURIE ARE MEN in the US really so awftil? More than one English friend has asked me this, referring to some American book or article they have just read, in which the hateful opinions and behaviour of males are related at length. Do they really
    807 words
  • Article
    Lock icon Rowing a boat through cold treacle
    818 7  -  FORUM r < ...on economics k ■y WILLIAM KEEGAN OFNS THERE WAS a time when the world's finance ministers met to compare notes every few months or so. Nowadays, as US Treasuiy Secretary Miout after last week's meeting of the finance ministers of the
    OFNS  -  818 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      349 7 a TODAY Lunch at OKOH 9 A V N T MOri? <£> 3 branches for your convenience: •-iNGAPORF OKOH 3oprerr>e House, Penang Road. Tel *****1 OKOH OF GINZA Hong Leong Bldg Raffles Quay. Tel *****81 KATSURA Orchid Inn, Dunearn Rd Tel *****2 What »it about the Imperial Bar that bring*
      349 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      48 7 BriStoW :finr*kjtictens rr <r» 23: "feu. >#ou ujH«r id do. oNDtR some pßfcTe*r oftoTneß nou GO H*TO eveay Room in ujhich sne's UORK\H& PSMD MOVeR GROUND Hfcß pvS SMt UJORKS Sues BOUMD -10 \JOU eVfcIMTUBLLV RMO ftti •mooßui is, sues ohlv «n ouk > .QFfice. FOK P&osr TMVRTY SCJCONOS.
      48 words
Page thumbnail Page 8
  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Favoured stocks continue to rise
      577 8 TOKYO Source: DBS Daiwa STOCKS with a good business outlook continued to rise, although the Nikxel Dow Jones average fell slightly. The market opened firm, centring on such pharmaceutical issues as Santen Pharmaceutical, Shlonogl, Mochlda and Oreen Cross, reflecting Thursday's bullishness. Tokyo Style and Tokyo
      Source: DBS Daiwa  -  577 words
    • Article
      Hongkong
      378 8 DEALERS called yesterday's market action one of consolidation but a lack of commitment by local and overseas traders alike on expectations of an announcement by HK Wharf would probably be nearer the truth. Actually, the market opened in a flurry of activity with Hutchlsonwhampoa trading at Sfi.30, New World
      378 words
    • Article
      Manila
      133 8 THE market closed mixed yesterday with commercials and oils averages gaining slightly while minings declined, dealers said. Turnover fell to 7.92 million pesos. Atlas and Lepanto lost four and two points respectively while other mining issues remained unchanged. JUNE 23 Pesos AcojeMining .011 unch Atlas Con. A Atlas Con.
      133 words
    • Article
      Sydney
      314 8 THE market yesterday closed mixed In fairly quiet trading, dealers said BHP fell six cents to $8.90 and CSR and the ANZ Bank fell, while the Bank of NSW rose two to $5.94. The tea and coffee group, Bushells rose $1.35 to $4. and White Industries seven cents to
      314 words
    • Article
      Bangkok
      145 8 JUNE a Bahts 47Asia Fibre 160 -1 Bangkok Bank 373 unci Bangkok Invest. 342 -2 Bangkok-Metro-politan Bank Bata BerllJucker Carpet Intnl Charoong Thai Wire Dumex DusltThanl Faber Merlin First Trust 416 ♦3 Genera Finance 340 -4 Indo-Thal Industrial Finance Corp 2465 unci J And J Ho 436 ♦4 Jalap
      145 words
    • Article
      Selected indices
      60 8 FINANCIAL TIMES Wednesday ...***** to 112)4 INDUSTRIALS H.K. HANG SENG Thursday 452.7 548 06 Wednesday 455.6 549 72 Week Ago 409.2 WMlr A an M4 M DOW JONE8 AVERAGE SYDNEY INDUSTRIALS INDUSTRIALS Friday 419.33 420.04 426.00 Week Ago 544 .25 ALL OR DIN ARIES LONDON DOLLAR Friday 489.76
      60 words
    • Article
      Zurich bourse steady
      225 8 EUROPEAN MARKETS EUROPEAN bourses closed generally lower on Thursday. However, In ZURICH, prtc* were generally steady in thin trading that lacked fresh incentives. dealers said. In transports Swissair roes, while banks were little change apart from lower Credit Suisse bearer and firmer Hypo Winterthur. Financials edged higher,
      225 words
    • Article
      Amsterdam
      189 8 juns a n* ABN MH -0.8 AhoW 108.40 ♦8.1 Akao 29 tO -44 AMEV 80 80 -2.1 Am fa* 108 58 -2.5 AmrotBank 18.00 •4.1 ST".:::::::: M 00 1 BoU 13.40 +0.2 Borsumij 183.SO ♦0.5 Burhmann 13.30 unch Byenkorf 91.00 unch Calve Delft 188 80 -0.1 Dell M1J 138
      189 words
    • Article
      Paris
      243 8 JUNK 22 m Air-Uguide BSNwntU Danone C 8 F (ThomaonCtf) Cte rrarvcalae de* Petrolet Compagnie Ftnanclere Compafnle Oenerale Credit Poncler De France Hachette (Ubrarne) Machine*Bull Michehn(B) PUltMM Pechlney CTflne Kuhlmann Peugeot 1 Philipa(N»Oen> Bezlt) Piintetnpe 8 A Rhone-Poulence 8A Royal Dutch SueKCIe Plnan L'si nor 218 929 250 80
      243 words
    • Article
      Jo'burg
      336 8 GOLD shares were mostly easier on the stock exchange on Thursday reflecting the lower bullion trend. Dealers said mining financial were easier in line with producers. Elsewhere, De Beers continued firmer on mixed demand following US Investment comment. Jim a Rand INDU8TUAL8 A Alpha 124 4-1 Abercom ISO -J
      336 words
    • Article
      CHICAGO BOARD OPTIONS
      1559 8 June 22 VOLUME on tka Chicago Board Option* Exchange dropped to 85,877 contracts on Thursday from 102,409 contract# on Wedneeday. OPTION JLY OCT JAN STOCK Sft ft lino 5% 1 4ft UKTRD 43 Alcoa Alee* Alcoa AratTel Am Tel 40 49 50 55 90 Sft ft UKTRD
      1,559 words
    • Article
      Milan
      100 8 JUNE a Lire Ante 98 28 -0.75 Aaaoc Qen ***** 10 Baatogl 483 -7 Centrmle 3879 unch Put 1770 -10 rinakler 100 -8 78 Q«n Immob 73 28 -1.5 in m 2308 23 lUicemcntl ***** -210 ItalgM <82 1.5 IUUatfer 198.SO -J.5 MafnetlMPf 4M 12 MareUl Ere 284 I
      100 words
    • Article
      Frankfurt
      179 8 JUNE 22 Dm Aef-Telefunken 77.90 •1.9 Akao V -0.2 AUtLeban 096 All*Ver* 4*7.90 -2.9 BAST 130 7Q*d-8.8 BayHTWbank Ml .901 I— Bay Vbank 314.90 1.9 Bayer 131.70 -0.4 BBC arr 1.9 BMW MJ -OS CtneUa 348 50 ChemVerw 245 -a Commenbank 229.10 ♦0.0 Contl Oummi TO.00 1.0 Daimler-Bens 299.90s
      179 words
    • Article
      Brussels
      92 8 JUNK a Pn FOKWABD MAS1 □rr Acec 330 -< Arbad 2370 unch Astur 614 Brucmn 47S -a Bru-Lamb 14M -s Can par 564 unch Cock 420 -10 De Been 162 +6 Ebet 2200 10 Bectrobel 6440 unch Ob-Inno-Bm 2135 ♦20 Oe* ISO* +24 Hobok 2250 -S Petro 3680 -10
      92 words
    • Article
      Zurich
      172 8 jvhi 22 Prancs Actions Sulaase AlusulsseBr Alusulsse R*t Brown Bovetl Br. ClbaOelgy Br CibaGeifjr PC Ob* Oelgjr Ret Credit Suisse Br Credit Suisse Ret ElektrowattBr. Oeorte Fischer Br Olobua Pc Hero Br Hoffman-La Rochel/10 HoiderbankBr In Kr food Br Jelmoll Br m 1270 514 1639 1130 BSC 9M 2185
      172 words
    • Article
      Market arrests recent slide
      1112 8 NEW YORK A FIRMER dollar and bargain hunting helped a. tired stock market on Thursday arrest Its recent slide. The dollar firmed on reports that President Carter is fSs to enact an equallsatfon tax to bring the price of domestic oil to the world market level
      1,112 words
    • Article
      Toronto
      338 8 SHARE prices closed broadly lower in active trading on Thursday. The Composite Index was off nearly three points with declines in 11 of Its 14 component groups. Declines outnumbered advances 225 to 184. Canadian General Electric dropped one to 28 and Falcon bridge Nickel A fell to 22H while
      338 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      28 8 =ANDREA=u NEWMAN in Pfenguins ■HKPir W. family r fi ff i rr 11 iTi|i'»#ii|i!PMi>P^ I! garbed Wire iA'!, f N«w Hidurtri* Road, Singapore 19.8238Jaian 222, Staling Jcya, Saiangor
      28 words
Page thumbnail Page 9
  • INTERNATIONAL COMPANY NEWS
    • Article
      Hawker Siddeley faces difficult times
      130 9 HAWKER Siddeley Oroup Ltd is facing difficult —trading conditions in the "•current year with world de- (hand down and Increased chairman Arnold Kali said at fts annual '■meeting in London. He said in the UK there is ?"tihcertalnty about future .wages policy, the prospects •of
      130 words
    • Article
      BNOC finds oil
      128 9 STATE OWNED British National Oil Corp said It has discovered oil on Block 30/17 B of the British North Sea, approximately 320 km east of Dundee. BNOC Is operator for a consortium In which it holds 51 per cent, Shell UK ■Ltd, 24.5 per cent, and Exxon
      128 words
    • Article
      Montefibre reduction
      45 9 MILAN: Montefibre Spa, synthetic fibres subsidiary of Montedison Spa, said It Slans to reduce capital to .06 billion lire from 120.77 billion to cover losses. The company earlier announced a 1977 loss os 117.7 -billion lire, against a 1976 loss of 100 billion.
      45 words
    • Article
      COURTAULDS PROFITS OVERSTATED
      753 9 r EUROPEAN k A TAXABLE profit of Courtaulds for 1977-1978 was overstated by £4 million say the auditors Price Waterhouse and Company. This resulted from the group's failure to apply the relevant accounting standard In regard to regional development grants and the auditors qualify their report in
      753 words
    • Article
      Lock icon Creusot-Loire gets Brazilian contract
      109 9 AFP THE French Creusot-Lolre Group announced that an international consortium led by its Brazilian subsidiary Mecanica Pesada has secured a US$7OO million contract for the construction of the Italpu hydro-electrical plant on the River Parana, between Brazil and Paraguay. The Italpu complex, with a yield of
      AFP  -  109 words
    • Article
      Charter still spending on industrial units
      259 9 Canly iavestiag sabs tea tial aaonats la expaadlag operation* of its iadastrial compaalee both for their •slating product images aai in aew markets, Murray Ilarfbasji saM la the la sddltka, Charter oontiauM its search far farther opportunities to eatsr other industrial sectors with couragiag
      259 words
    • Article
      LUCAS
      39 9 LUCAS Prance SA will make representations to the French Industry Minister Andre Oiraud concerning its bid to acquire control of the French firm Ducellier from the Bendlx Corp which has been deadlocked for six months, Industry sources said.
      39 words
    • Article
      Lock icon Toyo Kogyo to expand Ford tie-up
      398 9 AFP TOKYO: Ford Motor Co. of the US and Japan's Toyo Kogyo's Co. agreed to expand the scope of their business tie-up but Ford's capital participation to save the deficit-ridden Japanese car maker was said to have been brushed aside. The agreement came at
      AFP  -  398 words
    • Article
      Shell Australia raises income
      178 9 SHELL Australia Ltd announced net attributable 1977 profit of A 554.10 million ($52.19 million) on revenue of $973.11 million ($812.99 million). Profit Is after tax of $47.57 million ($37.29 million), depreciation, depletion and amortisation of $30.05 million ($26.07 million) and minorities of $226,000 (252,000). Annual dividend
      178 words
    • Article
      Lock icon G Oriental in bid for Argyle
      413 9 ASIAN Reuter HONGKONG: General Oriental Ltd said it proposes to acquire the entire Issued capital of Argyle Securities (Holdings) Ltd from Evon 8A of Panama. Consideration for the acquisition will be 85.25 minion new HK$l shares In Genera] Oriental at $1.60, plus US$l.5 million
      Reuter  -  413 words
    • Article
      Isuzu sets first half earnings record
      271 9 ISUZU Motors Ltd. said It chalked up a record 7,392 million yen In after-tax profits In the six-month period between November 1977 and April 1978, up 2.85 times over a year before. Increased government spending had been a boon to sales of ordinary trucks
      271 words
    • Article
      BHP spuds offshore well
      65 9 BROKEN Hill Pty Co Ltd (BHP) said the Fortescue One offshore well In Bass Strait spudded on June 17 and Is drilling ahead of 370 metres. The well Is the first in a four to six well programme to test new structures west of the Hirilbut
      65 words
    • Article
      New bank planned by INA
      468 9 N.AMERICAN NOTHING less than a "very highly specialised universal -bank" Is planned by Mr. Minos Zombanakis, who has resigned as chairman of .First Boston International, and by his new the mighty INA .Corporation of the US. If all goes according to plan the new bank,
      468 words
    • Article
      Lock icon Curtiss-Wright court appeal
      178 9 Reuter THE US court of appeals In Manhattan reserved decision on an appeal by Curtlss-Wrlght Corp to set aside an injunction barring It from voting its stock in a proxy fight to gain control oS Kennecott Copper Corp. 'Curtlss-Wrlght was appealing a decision by US district court
      Reuter  -  178 words
    • Article
      Increase expected at Levi Strauss
      102 9 LEVI Strauss and Co said It continues to expect sales and earnings for fiscal 1978 ending Nov 30 to exceed 1977 sales. In 1977, the company earned US$5.B7 a share on sales of $1.56 billion. Levi Strauss said Its US bookings improved after a soft
      102 words
    • Article
      Tenneco Inc
      64 9 WASHINGTON The Federal Energy Agency regulatory commission said it is Investigating allegations that Tenneco Inc and Shell Oil Co, among others, violated US law and diverted natural gas from the Interstate market to the intrastate market where prices are higher. Also named in the proceedings are Tenneco Oil
      64 words
    • Article
      GMAC notes
      62 9 GENERAL Motors Acceptance Corp said It filed a registration statement with the Securities and Exchange commission for a proposed offering of US92SO million of seven year notes to mature July IS, 1985. GMAC said the offering Is planned on or about July 11, through a group led by
      62 words
    • Article
      C'wealth Edison
      40 9 COMMONWEALTH Edison Co announced earnings per share of U892.99 for the year ended May 31, 1979, compared with 93.22 previously. Net profit was 9219.9 million against 9203.9 million previously on revenue of 92.26 billion against 91.99 billion previously.
      40 words
    • Article
      Dana rise
      34 9 DANA Corp said Its directors have voted to Increase the quarterly dividend to 33 cents a share from 32 cents, payable on September 15, to shareholders on record as at August 29.
      34 words
    • Article
      Finnish fund signs yen agreement
      233 9 BONDS LOANS TOKYO: The Industrialisation Fund of Finland Ltd signed an agreement with an underwriting syndicate of 39 firms, including seven foreign underwriters, to float a five billion yen 12year bond on the Japanese capital this month, Dalwa Securities Co Ltd said as lead manager.
      233 words
    • Article
      Sears Roebuck planning issue
      173 9 TOKYO: Preparations are in progress for Sears Roebuck and Co to Issue a yen-denominated bond on the Japanese capital market, Japanese securities sources said. Details of the planned bond, including its slse and redemption term, are yet to be decided but the firm is likely to
      173 words
    • Article
      French bank prices its 30b yen bond
      126 9 TOKYO: Banque Francalse du Commerce Exterleur's SO billion yen, 12year, 6.4 per cent bond Issue on the Japanese capital market will be priced next month at 90.95 per cent to yield 9.422 per cent, Japanese securities sources The French Foreign Trade Bank will
      126 words
    • Article
      Lock icon OFFSHORE MINING CO
      68 9 Reuter LONDON: The state-owned Offshore Mining Co Ltd of New Zealand plans a US9IOO million eight year floating rate note Issue on the international market, lead manager 8. G. Warburg and Co Ltd said. The notes will carry an interest rate fc per cent above London interbank
      Reuter  -  68 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      510 9 ne>" moiiflw GottvwMimn 7 9 Politics and Government in Malaysia S Politics and Government in Malaysia is concerned with the substantial political f. \J /changes that took place in Malaysia after Independence in 1957 and especially JHHHKpfj during the last ten years. Among these are the May 1969 racial riots
      510 words
Page thumbnail Page 10
  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1433 10 BID and offer prtee* officially luted and bu«tnem in and nported to um Stock Kschanct of Stncaporc ye*terday with the number of ataree traded shown tn bracket* in lota of 1.000 untu unleea otherwiee tpecified All Time Settlement Contract* are quoted after the world "aett." Bit Board deal
      1,433 words
    • Article
      Government and corporate bonds
      138 10 4 0/4% 18/0/00 280.000, (100.488 100.808) 8 1/4% 1/12/00 (200.000) K 4.088) T V 18/4/01 (200.000) (100.008) 0% 11/4/81 (280.000) (100.008 100.758) 0% T r 10/18/81 (200.000) 1108.308) T r 1/0/00 280.000) (100.408 100.808) I V 4% T r 1W1144 (200.000) (102.088) 7% IWM (280.000) (100.908
      138 words
    • Article
      Stock options
      46 10 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. Pas Else trie (Sept 81.86) (0.478) Sine Darky (Sept 82.80) (9MB):
      46 words
  • Article
    SHARE INFORMATION SERVICE
    2426 10 1978 High Low Company Last Sale +orGr's Div Dtv CTT Gr's YTd Net P/E Vol Day COM) High Low c SECTION ONE INDUSTRIALS 217 214 .172 225* 83 243 281 '210* 478 432 132 123* 112 195* 60 Vi 182 173* 140* 258 394 Ac ma Alcom
    2,426 words
  • Article
    Unit trusts
    144 10 SINGAPORE UNIT TRU 8T INCOME BOND UNIT (NMtm'iriM ikr«M (Oiii m rtaaa) The Commerce 2.04 l.ltad INCOME BOND l.M 1.11 The Saving Fund •1.27 1.38 8'pore Prof rund 8'pore Security hind 1.01 l.M MARA BUMIPUTRA FUND (NaMfm 1 prion far *mm M l.M 1.M First Bumiputra HI* 2.M
    144 words
  • Article
    In Kuala Lumpur
    1595 10 BID and offer prices officially listed and buslneaa In and reported to the Kuala Lumpur Btock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Ami (3.0C8 2.908). A)m«n»«t» (2.80B). AMwn (2.238 2.308) (T) 2.20 <I>
    1,595 words
  • Article, Illustration
    Prices firm on most counters
    670 10 SHARE priooo generally flini towards tks close of trading la tke Stack Kbchu|» rf Singapore yootorPsr East Lsviagstca Japii rwrfa,M skanLVrassr and Nnti went ap 18 eeats te 86.36 aad Malayan FW. 18 cants to 83.82. Ualtad Pugilisms floetaated wltkia four-cent limits aad tksa dsn4
    670 words
  • Article
    KLSE stronger despite the elections
    669 10 SHARES, initially easier, managed to close on a (airly steady note at the Kuala Lumpur stock market yesterday. Traders were hesitant at the start and were searching for direction following the easier overnight close. The quiet morning conditions gave way to a stronger afternoon as
    669 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article, Illustration
      Tronoh bumper may not be repeated
      948 11  -  •y SUSAN BEVAN HOW that the bumper contributions to Tronoh's profits from Its associate, Ayer Hltam are a thing of £he past, the future for Tronoh lies once again with what It can dig up for Itself. At the moment things look very much
      948 words
    • Article
      DIVIDENDS ANNOUNCED
      640 11 Current Ex Books Date Total for Total for payment Date doee payable the year previous year K.G. Hldga. Rosy Elect. Guinneee (M) New Serendah Petalinc Tin Mentakab 12% 10%TE ***** 20% 40%I 20% May 31 Jun l May 19 Jun 7 Jun 9 Jun 7 Jun 10 Jun
      640 words
    • Article
      SCRIP ISSUES
      173 11 Company Particulars Ex Date Books Close HeegLeeeg Oriental Holdin<i Great Eastern Life Malay aa Flour Straita Tradiaf SiaHaafCkaa PegiMaJayaia M'aiaa Foadaills LieaHoe 9—tesaPU mii SyatWtie Raaiaa Bonus Issue of 1 for 2 Bonus Issue of 1 for 2 Bonus Issue of 1 for 2 Bonus Issue of 1
      173 words
    • Article
      Kent Tin Dredging to scout around for new ventures
      377 11 WITH mining opportunities limited in Malaysia, Kent (FMS) Tin Dredging Limited is considering alternative courses, its chairman, Mr. C.W. Treslse, says in his latest annual report. The company has since the end of the year sold off all Its mining plant,
      377 words
    • Article
      Kramat Tin improves
      181 11 IMPROVED tin production and higher average tin prices received combined to boost profits at Kramat Tin Dredging (or the year ended March 31, 1978. Pre-tax profit rose from Just $004,765 last time to $3,030 million. A final dividend of 20 cents per $1 share was recommended by
      181 words
    • Article
      Marchon
      36 11 UNITED Industrial Corporation has announced that Its subsidiary, UICMarchon (Pte) Limited has Issued and allotted 660,000 ordinary shares of $1 each to UIC and 540,000 shares to Albright and Wilson Overseas, at par for cash.
      36 words
    • Article
      PEGI REPLIES TO SES
      90 11 PEG I has written to the Stock Exchange of Singapore to say that Its proposed bonus issue of 1 for 5 will not be taken Into account In the assessment of entitlement to the company's offer of Growth Industrial Holdings Ltd. shares under the recently announced
      90 words
    • Article, Illustration
      Property glum will ease at Bkt S'wang
      532 11  -  ly MANO SABNANI CASH-RICH Buklt Sembawang Estates continued to rely on compensation payments for the bulk of its earnings last year, while contributions from Its main business of property development lagged behind. Consolidated pre-tax profit for the year ended March 31,1878 amounted to
      532 words
    • Article
      PDC has much to do
      799 11 THE mysterious way in which Pacific Development Credit presents Its preliminary results always leaves a lot to be revealed in the audited figures. This time the message from the accounts for the year to Sept. 30 seems to be that the group Is gradually pulling
      799 words
    • Article
      Goodwood Park Hotel
      109 11 GOODWOOD «***** Hotel Ltd. announcMOroup pretax profit of $2.30 million ($2.58 million) for six months ended March 31, 1978, on a turnover of $17.77 million ($17.27 million). Company pre-tax profit was $1.49 million ($1.39 million) on turnover of $6.40 million ($5.76 million). At Hotel Malaysia, group and
      109 words
    • Article
      COMPANY MEETINGS
      410 11 Textile Corpora Uob af Malaya BM: AOM to be held at the Johore Hotel, Ground Floor, No. 69, Jalan Ibrahim Sultan, Johore Baru, at 11.00 a.m. on June 24. Riverriew Rubber EetaUe BM: AOM to be held at the Chartered Chambers, Ipoh, Malaysia, at 12 noon on June
      410 words
    • Article
      Sime sells VDK interest
      92 11 SIME Darby Western International BV, a whollyowned subsidiary of Sime Darby Holdings Ltd., has sold Its 40 per cent minority interest in the Belgjan manufacturing and engineering company, NV Constructie Werkhulsen Vandekerckhove ("VDIC'). The shares were sold to UCO, a Belgian textile manufacturer, for the equivalent
      92 words
    • Article
      Oriental Holdings
      68 11 IN A reply to the Kuala Lumpur Stock Exchange, Oriental' Holdings Berhad said that it expects profitability to be maintained for the current year at the level achieved last year. Capital wilf be enlarged with a proposed bonus issue of 1 for 2. The dividend payable on this
      68 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      47 11 in PAN Paperback v nrxjrx? JL rue HONOURABLE SCHOOL' SI HIS LATEST #1 WORLD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME. PERHAPS OF ALL TIME N' iu i,i) at .nl t)«»>K 11 I !I\ 1} 111 i:: j S I I' < »f < f I i) ji
      47 words
Page thumbnail Page 12
  • Article
    Lock icon Exports take yen surge in stride
    1011 12 NYT THE APPRECIATION of the yen hu limited advene effect on Japanese exports, leading Tokyo firms said. Most companies, In fixing export prices, had already taken into account a possible surge In the yen to around 210 to the dollar, as against 230 a
    NYT  -  1,011 words
  • Article
    Lock icon BELOW 200 YEN ...
    76 12 BELOW 200 YEN Reuter BANK of Tokyo president, Yusuke Kashiwagi, said the dollar may fall below 200 yen in future although it will fluctuate within the 210/200 range for the time being. Mr. Kashiwagi said the major factor responsible for the latest yen rise has been the dollar's weakness. Unless
    Reuter  -  76 words
  • Article, Illustration
    OUB invites subscriptions to floating rate CDs
    285 12  -  ■y COLIN CHEE INVITATIONS to subscribe to Overseas Union Bank's US$l5 million negotiable floating rate certificates of deposit were sent out yesterday to financial institutions in Asia, West Asia and Europe. The three-year Issue is lead managed by Singapore Nomura Merchant Banking, and
    285 words
  • Article
    Lock icon MBB German office
    82 12 Reuter MALAYAN Banking Bhd hai opened a representative office In Hamburg, the first such office to be opened In West Germany by a- Malaysian bank, office manager Kurt Stahl said. Malayan Banking, which haa branches In Singapore, London and Hongkong, acts as intermediary for between 10 and
    Reuter  -  82 words
  • Article
    Lock icon Trade is top topic for Lee, Suharto
    474 12 Reuter THE informal meeting next week between President Suharto and Mr. Lee Kuan Yew Is aimed at boosting the spirit of cooperation within Asean but Is unlikely to produce any concrete results, diplomatic sources In Jakarta said yesterday. Mr. Lee Is due to
    Reuter  -  474 words
  • Article
    Ben's 25-year 'bliss'
    440 12 A DISTRICT court yesterday heard that Ben and Company never lost money In its 26 years of existence, except for 1975. The loss, the court was told, was due to a financial squeeze from banks. This come to light when the Solicitor General, Mr. Wahab Ghows, questioned
    440 words
  • Article
    LONDON STOCKS
    742 12 LONDON, Frl. The market closed quietly mixed with equities moving higher while government bonds eased. At 3 p.m. the Financial Times Index was up 2.6 at 495.3. The gain among equities was largely technical after the recent decline but hopes of an end to dlvlaend restraint contributed to
    742 words
  • Article
    Applicants for hotel shares are worried
    267 12 •y QUEK PICK LIM UP TO the eve of its closing data, confusion surrounds the two million Ambassador Hotel share issue. Investors are worried that the narrow wording of the share application form might eliminate some of their applications. Their main worry centres around
    267 words
  • Article
    Lock icon Instability of US$ hot topic at Bonn
    458 12 UPI AP THE seven nation economic summit meeting in Bonn next month will focus on the American deficit and the resulting instability of the U8 dollar, West German Finance Minister Hans Matthoefer said on Thursday. Asked to list the Items on the agenda
    UPI; AP  -  458 words
  • Article, Illustration
    NTUC-Comfort gets new chief
    204 12 MR. LIM Chee Onn, MP for Bukit Me rah, has been appointed chairman of the board of NTUC-Comfort, the transport cooperative formed by the Singapore National Trades Union Congress. He replaces Mr. Loo Slew Poh, who was chairman since NTUC-Comfort was formed in 1970. Mr. Llm
    204 words
  • Article
    NO MORE CUTS
    65 12 JAPAN'S Finance Ministry has said it will not agree to any further cuts of customs duties for alcoholic beverages in the current round of Oatt negotiations. Information indicates the ministry wants to make no cuts beyond the 12.5 per cent reductions implemented on March 4, in the
    65 words
  • Article
    S'pore can expect more Aussie investment
    275 12 By SOH TIANG KING SENIOR Minister of State (Finance) Goh Chok Tong last night hinted that more Australian investments and joint ventures will be coming to Singapore. Mr. Goh, who returned from the Australian-Asean Conference on Industrial Cooperation In Melbourne found the forum "useful".
    275 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      123 12 Fish mean high-grade protein lor our country. Hoechst helps catch them and keep them fresh. Fish and other seafoods are high-grade foods because they're rich in protein. That's why fishing is an important branch of our food industry. To enhance fishermen's efficiency, Hoechst supplies ®Trevira high tenacity for nets and
      123 words