The Business Times, 27 June 1978

Microfilm: NL9737
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 21V1/78 TUESDAY, JUNE 27, 1978 50CENTS
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  • BRIEFLY...
    • Article
      Lock icon Tax treaty snags
      66 1 Reuter MANILA, Mon. The Philippines and Japan have failed to agree on two basic points In their tax treaty taiira last week. Finance Minister Cesar Virata today said the stumbling blocks to the talks were taxes on royalties and shipping, and there would probably be no new
      Reuter  -  66 words
    • Article
      Lock icon More Boeings
      88 1 AFP TOKYO, Mon. All Nippon Airways (ANA) of Japan today announced that It has concluded a US$24O million (***** million) contract to buy four 7475R and six 737 aircraft from the Boeing Co of the US for delivery in the fiscal years *****0 (April 1979 to March 1981).
      AFP  -  88 words
    • Article
      Lock icon Portugal-China ties
      57 1 AP MACAO, Mon. Formal diplomatic relations between Portugal and China are expected to be established by the end of the year, Macao Governor Colonel Leandro Garcia said today. Colonel Garcia, who made a three-week tour of China last month, said he based his confidence on news from China
      AP  -  57 words
    • Article
      Lock icon Vienna trade house
      54 1 Reuter MANILA, Mon. The Philippines will open a trade house in Vienna in September, coinciding with the expected signing of a bilateral trade and economic agreement. Informed sources today said the signing of the agreement could result in Austrian Investments In the Philippines, especially in mining and
      Reuter  -  54 words
    • Article
      Lock icon Easing the ban
      44 1 UPI TOKYO, Mon. Japan will propose relaxation of a ban on exports of computers and Integrated circuits to communist countries when negotiations start this autumn with the Coordinating Committee for Export to Communist Areas (Cocom), the Nlhon Kelzai reported today. UPI
      UPI  -  44 words
    • Article
      Lock icon Ford in Tokyo
      55 1 UPI TOKYO, Mon. Ford Motor Co of the United States and Toyo Kogyo Co have agreed to strengthen cooperation, officials of the Japanese firm reported today. The officials disclosed this after Henry Ford n, chairman of the American firm, conferred with executives of Toyo Kogyo, Japan's third
      UPI  -  55 words
    • Article
      Lock icon Another yen peak
      71 1 AFP TOKYO, Mon. The yen hit yet another peak today as the dollar tumbled to a new record low of 204.5 yen at one point before closing at 206.3, over three yen less than Friday's rate of 209.55. Japan's enormous trade surplus, which Is not likely to
      AFP  -  71 words
    • Article
      Lock icon Dow Jones
      80 1 UPI NEW YORK, Mon. Stocks drifted lower early today amid investor concern over the dollar sinking abroad and Interest rates rising at home. Trading was moderate. As a result, £he Dow Jones industrial average, a 4.68-Dolnt loser on Friday, was off 2.08 points to 820.33 around 1500 GMT.
      UPI  -  80 words
  • Article
    In Singapore yesterday
    72 1 Rises Ayer Hitam Tin 1030 +10 Straits Trading 725 10 Utd Plantation! 238 10 Kuala Sidim 1M +7 Nat Iron 464 +6 Eato 330 +6 Com plant Wrts 290 +6 SporaGlaaa 151 +6 Pafi 515 +5 Sime Darby 250 +5 Dutch Baby 187 +5 Foils 8TP1975 700
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  • Article, Illustration
    In Kuala Lumpur
    146 1 Rises S. Trading 7.S0 Con Ph Warrant 3.08 .17 FE-L'ston 3.40 +.16 Oriental 5.2S .15 Kg. Lanjut 2.70 .14 M. Flour 3.76 +.12 Steamship 2.37 .11 Toshiba 4.50 +.10 Pegl 5.20 +.10 Inch KK 5.30 +.10 Oulness 0.20 +.10 Berjuntal 8.60 +.10 Foils F and N 5.40
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  • Article
    Bankers get to know Algeria's state firm better
    304 1 THE Algerian state-owned gas refining and trading company, Sonatrach, yesterday held a closed door meeting with a number of local bankers. This is believed to be the first time an Arab stateowned concern has done this. The meeting, held at the Shangri-La
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  • Article
    Finance firm UOF to be floated soon
    682 1  -  OFFER AT $1.50 LIKELY By TOH THIAN SER UNITED Overseas Bank will float Its subsidiary, United Overseas Finance, In the next few days. Sources said five million shares In United Overseas Finance will be offered to the public at around $1.50. Since the
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  • Article
    Favourable reaction from employers
    784 1  -  RAHIM KASSIM THE familiarisation campaign proposed by Mr Devan Nalr, secretary general of the NTUC, can be implemented through close cooperation between employers and the NTUC education committee. Mr Nair yesterday said that employers can get together with members of the education committee of the NTUC
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  • Article
    INVESTMENT AND TAXATION PACTS
    110 1 THE MALAYSIAN and Australian governments have started preliminary talks towards an Investment guarantee agreement and a double taxation pact, said the chairman of the Federal Industrial Development Authority, Datuk Jamil Jan. He was speaking at the official opening of the development agency office In Sydney yesterday.
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  • Article
    Shares of SBS open up in full throttle
    307 1 All eyes were on the share* of Singapore Bus Service (1978) ob the Stock Exchange of Singapore yesterday its first day of listing. Prom an opening price of 12.30, the shares traced a meteoric rise to $2.98 within the first half-hour of
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  • Article
    Industrialists from Asean in venture
    416 1  -  •y JOHN LIM INDUSTRIALISTS from three Asean countries have formed a Joint-venture company and acquired the plant of Wen Hslng Clinton Engines of Singapore, the only producer of singlecylinder, four-stroke engines In the Asean region. The new company, Newton Engineering and Manufacturing, was formed by
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      26 1 Wiyfbong MAF A lending hand when WnyfoOijg Mqrlgagr VOU HCCCI and Finance (Singapore) Liihjtcd ll ITIOSt Shaw House. Ground Floor. 354 Orchard Road. Singapote 9.TH: *****7.
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      Page 1 Advertisements Column 2
      34 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant m iflj jfij HEfiRV nnc ncEnciES pte ltd BRUNEI AGENT RELIANCE DISTRIBUTORS 144 S JALANCHEVALfER BANDAR SERi BEGAWA BRUNEI TEL *****
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      Page 1 Advertisements Column 3
      67 1 L—d«r. P«n 6 SHIPPING TIMES PEOPLE la hnstanst PAN AM ho«behell for lata ASIA-Paciflc's no-ordlnsry barge LION Teck Chiaaf't b—taw philosophy HEADWAY ta proteia reoearch 7 LETTER to the Editor 7 EAC public oftr of 21b shares 11 PELS looks to ri| sector 11 UOEHips Haw Par 12 MEMOPAD a,
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      Page 1 Advertisements Column 4
      99 1 APS ELECTRONICS (PRIVATE) LTD Singapore'T« ssew* <5 l««S> APS ELECTRONICS (M) SON BHD KUALA LUMPUR Tel 03-*****0 NEW NUMBER We wish to inform you that our new number from today is: TEL: *****1 Business Times regrets any inconvenience that may be caused to# > Growth. It's what every property investor
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  • TRADE AND INDUSTRY
    • Article
      Helena's $2m target
      255 2  -  •y POO CHOY PENG HELENA Rubinstein is targeting sales here to quadruple by the end of this year and to hit the $2 million mark. Previously, Helena Rubinstein cosmetics were distributed and marketed by several local agents. Last year, Helena Rubinstein was set up here by Colgate,
      255 words
    • Article
      New Cold Storage plant
      105 2 THE Cold Storage group has set up a $2 million plant in Kota Klnabalu, 9abah to produce ice cream and frozen confeetions under the Magnolia brandname. It Is a joint venture between Cold Storage and Sabah shareholders. The new factory, which completed trial production last week,
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    • Article
      MEMO PAD
      491 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 15-July 3: Employee relations communications, Hilton, POD July 6-13: Financial aspects of personnel mngt, Hilton, POD July 3-4: Finance for non-fi-nancial managers, Hilton, Price Waterhouse
      491 words
    • Article, Illustration
      Four musts in rubber production
      758 2 THE NATURAL rubber producing countries need the support of the international community in four ways in their efforts to produce an increasing volume to satisfy mounting world demand. They are the introduction of a measure of price stability at equitable levels, assistance for replanting, assistance
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    • Article, Illustration
      For Stout hearts only
      237 2 TWO plucky youngsters were awarded the Guinness Stout Effort Award by Guinness Singapore yesterday at the Singapore Hilton for their selfless display of bravery in saving their parents. The joint winners wen Lim Chin Tlong, 11, and his cousin, Ng Nyet Lan, 12, both Primary Six
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    • Article
      ASEAN VISITORS A FORCE TO BE RECKONED WITH
      313 2 VISITORS from other Asean countries, Australia and Japan topped the list of 162,400 arrivals here in April. The Singapore Tourist Promotion Board's figures show that visitors coming by air and sea were 143.592. This number Is 8.9 per cent higher than a
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    • Article
      This is the way to put your best foot forward
      194 2 A PHILIPPINE trade mission is in Singapore as part of an Asean tour to present new technological developments to the shoe industry. It comprises Philippine trade commissioner, Virglno Santos Cruz and Mr. Alberto Zavattoni, vlce-pre-sldent of the International Components Processing
      194 words
    • Article
      Computer to help clinch that deal
      324 2 SINGAPORE traders exporting to Australia can now make use of a computerised trade development service recently Introduced by National Bank of Australasia Ltd. Known as NBETS (National Bank Express Trade Enquiry Service), this Integrated system enables the bank to match quickly trade enquiries received
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    • Article
      Cognac relaunch
      125 2 MEUKOW cognac will be relaunched in Singapore ort July 1. Singapore is the first regional country in which this is being done. Singapore was chosen partly because on a per capita basis, it has the second largest cognac drinking population In the world, second only to Hongkong. This
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    • Article, Illustration
      PEOPLE IN BUSINESS
      241 2 THE Chase Manhattan Bank in Singapore, recently announced the promotion of Mr. Ng Peng Hock to second vice-president. Mr. Ng Joined Chase in 1971 as a supervisor In its Bills Department. He was promoted to assistant manager in 1973. In June 1976, Mr. Ng was promoted to
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  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      552 2 CRYPTIC PUZZLE ACROSS t Curse a regional listener (5) 8 Certainty about a bone (ft) 9 Our back room! (7) 19 Out of shape? (5) U It 's played in grand style (5) 12 Hospital for titled men? (5) 13 Ed turned and wept when shouted down (7) 15 Seedy
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  • OVERSEAS
    • Article
      Lykes-LTV merger impact minimal
      442 3 STEEL Industry analysts predict that the UW.I billion (B*l4 billion) corporate merger creating the fourth laraest steelmaker in the US will strengthen the merging firms but have little overall effect on the steel market. Attorney-Oeneral Griffin Bell overruled the recommendation of his staff last week and
      442 words
    • Article
      Lock icon Reconversion of industries
      246 3 Reuter ITALIAN Industry Minister Carlo Donat Cattln has presented a series of plans for reconversion of the clothing, steel, chemical, paper and electronics industries to a government' committee, as a first step towards bringing into action a law passed last year which will make available government funds
      Reuter  -  246 words
    • Article
      UK merchant banks' nestegg
      211 3 THE HIDDEN reserves of the London merchant banks could total as much as £117 million (*****.5 million), it Is estimated by a firm of stockbrokers in its latest analysis of the accepting houses sector. In an effort to arrive at the hidden strength of the top
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    • Article
      Machine tool orders up in May
      158 3 US MACHINE TOOL orders in May totalled U*****.3 million (SBBl2 million), 34 per cent above the year-earlier period. Domestic orders were 34 per cent above last May, while export orders were up 29 per cent. Orders for metal-cutting machine tools were up 35 per
      158 words
    • Article
      Executives in UK lose out
      80 3 BRITAIN'S executives have fallen even further behind their overseas colleagues in the pay league, a report said yesterday. The gap in buying power between British executives and their counterparts in 11 other countries including Singapore has grown by 10 per cent. The trouble Is that
      80 words
    • Article
      Lock icon RETURN IS TRICKLING IN
      298 3 AP EGYPT'S US$5OO million (Ssl.l billion) Sumed pipeline has been in operation for 15 months, but it has not lived up to expectations because of the current oil glut on the International market and the decline In rates for oil tankers. The 333-km twin pipeline runs
      AP  -  298 words
    • WORLD IN BRIEF
      • Article
        Lock icon A$ DECLINE CONTINUES
        501 3 Agencies THE overall value of the Australian dollar continued its downward trend yesterday as the exchange rate fixing authorities again adjusted the managed rate to compensate for the continuing decline of the US dollar on world foreign exchange markets. The Reserve Bank of Australia said the authorities
        Agencies  -  501 words
    • Article
      NO DEAL ON TURKISH DEBTS
      97 3 REPRMENT ATiyEB »f officials «a puff—lag the US$2.5 billies wertk of debts ewed by Turkey, apparently without reaching final ifraoMSt. The hasten, after three days of talks, had decided to ■eat among themselves soon aad review their position. Turkey is seeking te reschedule its short-term
      97 words
    • Article
      Fed discount rate to rise
      831 3 THE US FEDERAL Reserve la likely to raise the discount rate soon, and commercial banks probably will boost their prime rates soon, too. The discount rate is the rate that Federal Reserve banks charge on loans to member banks, and such loans expanded substantially last
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      2 3 s£e page
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      Page 3 Advertisements Column 2
      935 3 THE BANK OF NEWYORK COMPANY, INC. 48 WALL STREET. NEW YORK, N Y. ***** Consolidated Statements of Condition im amounts mu.s.doiiw» December 31. 1077 1976 Cash and Due from Banks Due from Banks at Interest Investment Securities (Notes 1 and 2) U.S. Government Obligations U.S. Government Agency Obligations Obligations of
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      262 4 OPENING prices In the Singapore rubber market yesterday were marked down fractionally on lower London advices. Thereafter, prices lost further ground on lack of interest, but short-covering and upcountry support emerged later to check the decline. Forwards were neglected. Turnover was small. The morning session closed
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    • Article
      Closing
      30 4 Rubber: June 2S Singapore: July 239.50 cents (down 0.25 em) Malavsia: July ZiiJO oenU (down 0.25 cent) Tin: Mf 1,735 (up )lft Official offering: 250 tonnes (up 40 tonnes)
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    • Article
      R.A.S. PRICES
      309 4 R A S prices in cents per kilo yesterday: Noon (per kilo) Cloee (per kilo) Int. 1 R S S prompt f.o.b. Int. 1 R.S.S. July Int. 1 R.S.S. August Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cont Int. 5 R.S.S. JK/Cont Buyers 238.00
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    • Article
      SSR AND SMR
      103 4 NOON St>n and SMR prices yesterday: R.A.8. July August (Currei it Mth) (Forward Mth) Buyer Sellers Buyers S If llw (cents per kg) (cents psr kg) SSK20 (1-ton Pallet) 218.00 220.00N 219.00 231.00N SiSR SO M Bp t a (1-ton Pallet) 216.00 218.00N 217.00 219 00N SM
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    • Article
      Rice
      199 4 BANGKOK rice prices quoted as follows yesterday: (US dollars per tonne FOB basis Bangkok): While Rice: 100 pet Ist class 437, 100 pet 2nd class 422. 100 pet 3rd class 417. a pet 408. 10 pet 395. 15 pet 387. 20 pet 382. 25 pet 372. 35 pet unq
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    • Article
      Produce exchange
      208 4 PRICES for pepper, copra and coconut oil and coffee remained unchanged on the Singapore produce market yesterday. All grades of coffee, while retaining their prices set last Friday, are expected to continue their downward trend. According to a broker, there is little buying interest in the commodity due
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    • Article
      Hongkong comex
      177 4 THE SUGAR futures market closed around 0.10 US cents firmer In thin trading yesterday, with 12 lots traded against seven on Friday. Net open positions after Friday's trading totalled 34 lots, while the Hongkong dally spot sugar price was steady at 6.95 cents. SUOAR future* closing prices: Closing
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    • Article
      SPOT PRICES
      191 4 YARN and cotton in Hongkong dollars, spot ex-godown Chln Blue Phoenix 20 s 1.710, 32 s 2,150. <0 s 2.230, (per bale of 400 lt»). Pieee China Butterfly and Globe Brand unq. Dragon Head unq. Five lambs unq. Flower and Butterfly unq. Flying Oeeae unq. (per piece 36
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    • Article
      Coffee
      149 4 ROBUSTA futures in London ended the morning opening call £28 to £15 per tonne down from Friday's close. Turnover was 553 lots including 200 lots of cross trades. The tone was steady. Dealers said there was no fresh news and little overall buying interest and the market moved lower,
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    • Article
      Sugar
      95 4 TERMINAL yesterday morning finished the first call down from Friday by £.85 to t0.20 per tonne in quiet trading in London. Dealers said sentiment may bave been Influenced by Cuba's announcement that the country's 1978 sugar production had exceeded its target of 7.3 million tonnes. The London dally raws*
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    • Article
      Lead
      56 4 LEAD at the end of the morning ring was unchanged for cash and £0.50 per tonne up for three months in London yesterday morning. The market remained quiet throughout the morning and prices held in a narrow range which dealers attributed to lack of news and the general low
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    • Article
      Cocoa
      92 4 TERMINAL yesterday morning finished a short and basically quiet first call mainly up from Friday by £15 to £2.50 per tonne In London. However, dealers said, the market continued to derive much of its situation in Ghana which, last week, was reported to be adversely affected by oil shortages.
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    • Article
      Zinc
      45 4 ZINC was £0.75 up for cash and £1.50 per tonne higher for three months at the end of the morning ring in London yesterday. Quiet and featureless conditions persisted throughout the morning, with prices fluctuating narrowly in thin dealings. Ring sales were 900 tonnes.
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    • Article
      Gold
      190 4 THE KILOBAR In SlngaSr e yesterday opened at 13,849. Buying support In the morning brought prices to $13,874. The market then turned easier In the afternoon and closed at $13,854. Spot gold for London delivery opened at US$lB490/20 and traded to a high of $185-20/90. The market closed at
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    • Article
      Straits tin
      143 4 THE STRAITS tin price in Penang yesterday gained M$lH to $1,735 per plcul on an official offering up 40 tonnes to 250 tonnes. Prices followed Saturday's sharp rise on continued strong support from Japan, the US and local dealers, with the steadier London close last week also contributing
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    • Article
      Silver
      133 4 SILVER yesterday finished the morning down 0.5 pence to 0.4 pence In London. This market was virtually neglected and prices registered only minor movements during the premarket and ring dealings. Light early selling was Krompted by the softer tone i gold and steadier sterling against the US dollar, dealers
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    • Article
      Copper
      98 4 COPPER wlrebars In London finished the morning down £1 for cash and unchanged for three months yesterday. The early pre-market sagged, reflecting the steadier trend in sterling against the US dollar, but modest covering reversed the trend following a larger than expected decline in warehouse stocks of 9.000 tonnes
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    • Article
      Lock icon Output policy highlight of Cipec's agenda
      311 4 Reuter NEXT MONTH'S ministerial meeting of the lnterKvernmental Council of pper Exporting Countries (Clpec), In Kinshasa will consider production policy as a major item on the agenda. Industry sources said the conference will raise the question of Chile's current position on the 15 per
      Reuter  -  311 words
    • Article
      Lock icon DESERT SHRUB A RUBBER SUBSTITUTE
      181 4 Reuter OUAYULE, a desert shrub, is receiving renewed interest as an alternative source for natural rubber. The rubber it yields compares favourably to rubber from tropical plant varieties, scientists at the 25th annual meeting of the International rubber study group said. Qua yule is an
      Reuter  -  181 words
    • Article
      Lock icon More soybeans crushed in May
      162 4 Reuter REPORTING members of the National Soybean Processors Association (NBPA) crushed 80.84 million bushels of soybeans last th compared .with 80.03 million the previous month and 80.04 million bushels in the corresponding month last year. Crushing capacity during the month was 102.99 million bushels, 09.87
      Reuter  -  162 words
    • Article
      Lock icon Firmer sterling accounts for drop in metals
      1284 4 AFP CURRENCY fluctuations was the main factor behind movements in the commodity market last week. Sterling's early firmness against the US dollar caused metals generally to turn lower, except the dollarpriced gold, which touched a three-month high. Later, there was a modest reversal
      AFP  -  1,284 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        547 4 THE US dollar crashed through to another low against the yen on the foreign exchange market yesterday. Opening at 205.40/50 against the yen, the US dollar was actively traded. At lunch-time, the dollar firmed slightly to 205 70/80 and was further traded up to 206.10/20 at the close
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      • Article
        Asian $ and CD rates
        134 4 Asian and CD rates ASIAN currency dcpoat interbank nun u at cloac on June M UIMUn(MI Oflkr EM TOmyt 91/9 lmui 911/19 »»/i4 i bum n/ii 99/19 IbUM 911/19 t*/i» tmtht 9 1/1 tmths 9 VI* 91/19 IS BUM. 91/4 91/9 •w. Fn. Dm* (■MditprlM) 1 Bth 11/4 J1/19 InrtlM
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      • Article
        Discount
        40 4 HANOI or nrV houaw on Jun Owtiulgm Call <tepo*lta MOflmd a 1/4% s l/f% Mi by diacou J-rnomh •■J** TreMtirr Mite lini it/ia 4 lVl# 41V1# 3 month CD S 47/1 l-month CD S1/4 Sl/1 Ihnk NaMa MIDImm MbU
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      • Article
        London
        228 4 THE RENEWED strength of the yen in Far East centres yesterday carried over Into early London trading, pulling the dollar lower against most currencies. The yen opened at 205.20/40 compared with its Tokyo clooe of 206.30 and then eased slightly to 205.75/ 206.00. The dealers said they expect a
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      • Article
        Hongkong
        144 4 THE US dollar yesterday closed sharply lower against the yen from New York's closing levels on Friday, but recovered marginally frcm Its opening in hectic trading The US dollar fell to 205.20/30 yen in line with Tokyo from Its 207.65/75 New York close on Friday, but was slightly higher
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      • Article
        Tokyo
        113 4 THE US dollar for overnight delivery closed at 206.30 yen yesterday, up from a 206.10 opening, but below 200.55 at last Friday's close, after briefly touching a peat-war low of 204.50 The Bank of Japan bought an estimated US$l7O million to support the dollar. After buying an estimated <100
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      • Article
        Australia/NZ
        52 4 AUSTRALIA/NZ exchanges quoted on June 26. AUSTRALIA: US dollar 1.1461/ 1.141] Sterling 0 8238/ 0 61S7 Ninety-day air mall buying ratas: Sterling 0 5436 US dolfrn 1.1781 Ninety-day forward burn* rates Starting l «M US dollars 1-1404 NEW ZEALAND Sterling 0.5671/ 0 6642 US <Witer *****/ 1.081ft US dollar
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      533 4 ISLAND FINANCE LIMITED r (Incorporated in the Republic of Singapore) BALANCE SHEET AS AT 31ST DECEMBER, 1977 Net Current Assets 51.205.717 $1176.213 NOTES ON ACCOUNTS SIGNIFICANT ACCOUNTING POLICIES: (i) Fiied Assets and Depreciation Ftied assets are stated at cost less accumulated depreciation Depreaa tiorrof fued assets is provided on the
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  • TRANSPORT
    • Article
      Lock icon Can Iata survive PanAm's bombshell?
      716 5 Reuter PAN American Airlines will take another serious look at the possibility of flying the Concorde. It may also quit the International Air Transport Association (lata) after a meeting In Montreal this Friday. These two bombshells were dropped by PanAm's president William Seawell in an
      Reuter  -  716 words
    • Article, Illustration
      SHIPS IN PORT
      381 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Crystal Camellia (0630 hauls 70 m west) 26/27 Gloria Peak (0630 after Kim Ann) 31/32 Iwert (0700 after Crystal Camellia hauls) 25 King Lake (0600 after Yamanuml Maru) 23 Leda Maersk (1200 after Muehlahausen) 18 (1700) San Luis (after Sumbawa) 47 State
      381 words
    • Article, Illustration
      Asia-Pacific lays out a special $20m winner
      512 5  -  By TEO TECK WENG ASIA PACIFIC Shipyard In Jurong recently completed a $20 million special pipe-laying barge that uses a revolutionary method of laying offshore pipelines. The contract was won amid competition from French and Japanese shipbuilders. It is built for a French,
      512 words
    • Article
      Lock icon Tripartite plane venture
      508 5 AP Reuter CIVIL Jet Transport Development Corp. (CJTD) of Japan is ready to conclude the final project agreement late next month to develop jet airliners jointly with Boeing Co. of the US and Aerltalia of lyQuoting government sources, the newspaper Asahi said in Tokyo that shortly after
      AP; Reuter  -  508 words
    • Article
      Lock icon US air traffic go-slow takes a breather
      524 5 NYT AIR traffic controllers In the US who are Federal employees, have ended, at least temporarily, a monthlong work slowdown that has delayed flights and raised questions of passenger safety. The aim of the slowdown was to force the airlines to honour a
      NYT  -  524 words
    • Article
      Lock icon Ferry port aid from Belgium
      125 5 Reuter BELGIUM ud Indone tit signed an agreement ob the construction of forry ports at Gillmaank 01 Bali ud Ketapang on tho oppoo ite East Java coast, Antara News Agency rooortod. Under the agreement, Belgium will aooiot Indoneeia in providing the technical experts, and in
      Reuter  -  125 words
    • Article
      Lock icon JAL union calls off strike
      103 5 Reuter JAPAN Airlines (JAL) said Its stewardesses and pursers called off a 24-hour strike scheduled for yesterday after the management promised its best efforts to settle problems Involving a ground training system. Many members of the 2.300-strong Cabin Crew Union of JAL went on strike
      Reuter  -  103 words
    • Article
      Lock icon Plane saves airline
      68 5 AFP A PRIVATE Swiss airline facing bankruptcy has sold one of its planes to Saudi millionaire Akram Ojjeh's Tag group, according to Swiss newspaper reports. The Sata, (Soclete Anonyme de Transport Aerlenne) which will receive two million Swiss francs (SII.B million) immediately, is likely to use part
      AFP  -  68 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      710 5 arrivals Operator N amber UCft Time AM CAL CI331 0040 TPE/HKG/KUL PAA PA005 0115 SFO/HKO MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ10I 0615 KUL MAS MH621 0640 PEN MAS MH007 0645 KUL MAS MH671 0945 PEN/KUL CAL CI806 1000 HLP CPA CX710 1005 HLP
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    • Article
      UK YARDS JOIN HANDS
      176 5 BRITISH shipyards are to work together in constructing North Sea emergency support vessels in order to combat strong competition from the Japanese shipbuilding Industry. By combining their efforts UK yards hope to gain at least five contracts, worth a total of £250 million to £300 million
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      247 5 I I r Do you A paper products manufacturer had to increase its production capacity to meet market demands But it meant moving to bigger premises, tncreasrig he overheads and level of inventories He needed additional operating cash to stabilize cash flow and provide credit leverage He approached his bankers
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  • Article
    Cooperation is a two-way affair
    649 6 THERE IS NO doubt that employees should know their company or Industry better. To say otherwise would be to condone paternalism In management and servility In employees. Yet the run up to what looks like another NTUC campaign bears looking Into and asking a few
    649 words
  • Article, Illustration
    WHAT WILL LION BITE INTO NEXT?
    1272 6  -  By FOO CHOY PENG HARD WORK, thrift and proper planning. That Is the business philosophy underpinning the Lion Teck Chiang group, which has grown from a small company dealing in dried fruits to a highly diversified multi-million dollar organisation. It all started when the
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  • Article, Illustration
    Lock icon The inevitable headache
    535 6  -  •y PAUL MAJENDIE Reuter HONGKONG, with too many poople and not enough land, plans to have well over half its population in public housing by 1984. That is no mean feat for a tiny enclave with the kind of nightmare growth rate most countries never have to
    Reuter  -  535 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      292 6 ,1 BE W M-fi r. K V L"- i v a m. I Wtbjim Havelock Road B'porc 3. Tel: *****1 ion bar presents Toto BMb Kite The Jackson 5 of Manila Don't miss the exciting sounds of Toto L His Kids. This band of four brothers and a sister has
      292 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      54 6 OUTLOOK for Si noon today: Isolat tng. for 24 hour* prior to 7.30 p.m. on June 26 at Maximum Temperature 31.7° C Associated Humidity 62 Minimum Temperature 21.8° C Associated Humidity 97 Hours of Sunshine 7.26 H«lnf«ll in Millimetres nil Total H lnfall for the Month 156.8 Total Rainy Days
      54 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      271 6 TV&=RADTO SINGAPORE 5 3.00 PM Opening Anncts. followed by What's My Line 3.25 Diary Of tvents (English)* 3.30 Afternoon Matinee Dreamboat (Pt. 2) Starring: Clifton Webb, Ginger Rogers, Anne Francis 4.10 Science Report* 4.25 Intermission 6.05 Opening announcements followed by Birdman And The Galaxy Trio 0 6.30 News in Brief
      271 words
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  • Article, Illustration
    Headway in protein research
    1195 7  -  ■r GERALD COLVERD '."THE EEC's continuous re- ■search to find alternatives or substitutes for proteins based on soya and fishmeal now increasingly in dej rriand is expected to reach an important stage during the latter part of 1978. »The total emphasis of "almost a decade in
    1,195 words
  • Article
    STRAWS IN THE WIND
    598 7 «uLPID a double-take yester—day when scanning page 9 of the Business Times. The Bank of America, National Trust and Savings Associat tlon and Subsidiaries' advertisement on that page lists the board of directors, j with their ages. The name that caught my eye was t that
    598 words
  • Article
    Money worshipping
    313 7  -  Letter to the Editor 1 D A Baylis Dear Sir, I refer to Lee Wei-Ming's plea save the 120 year-old Temple of Lord Kuan ia Henderson Road (Bus loom Time#, Monday June 19, pace 2). Regrettably few Singaporean* could give a about the past and their heritage. They
    313 words
  • Article
    US must get back to pre-Vietnam environment
    773 7  -  FORPM, r economics 3 M •y LEONARD SILK Leonard Stlk is the York Times' financial corm*' nentator. A GREAT divide in the poet-World War n economic history of the United States was reached In the middle of the *****. Before then, the nation
    773 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      379 7 TODAY Lunch at OKOH *5— >T O "> ****'.T* v S»L*«A i; 9 3 branches for your convenience. SINGAPORE OKOH Supreme House, Penang Road. Tel 32 7661 jj OKOH OF GINZA Hong Leong Blclg Raffles Quay. Tel 221 7781 KATSURA Orchid Inn. Dunearn Rd Tel: *****2 Enchanted evenings in tine
      379 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      46 7 BHStoW^fcirJdli jir.ni. 1 i see. do»*g weuU)i 1H TV46. eOCG€OJ& rrws PKenv OP »ct£enp»PMOHe: ,_r i r ear f\s sne ÜBS OePN»sjo> PHone i SP«U> nee DOST IN H£R. I CW'T **ou Somocw =r THfe|4 SHC U#?>»4»Cl£D H&R NOSfe RKC> ujRS F\u_ t hbt nodomo ernst
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Comeback of the conglomerates
      875 8 NYT NEW YORK: In January 1976, when Teledyne Inc. was moving sideways in the •istock market, it caught the eye of James G. Joyce, a Special-situations analyst .at Prescott, Ball and ,7urben. What he spotted <was the potential for this stock as "a play on excess
      NYT  -  875 words
    • Article
      Taboo shares may be lucky
      437 8 NEW YORK: Is there hidden value In shares that sell for under US$lO? The answer to that question Is maybe it all depends on the underlying assets and the earning power inherent In the company that Issued the shares. Some believe that stocks selling for
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    • Article
      BLUE CHIPS NOT PULLING THEIR WEIGHT
      453 8 NEWYORK:Taheasampllag of industry leaders like Internatioaal Business Machines, Exxon, Citicorp and General Electric. Sound like ttw Mnd of shares to NotTSST holding period has hesa the last It years or even the last 10 weeks. For the shares of theee and ether blue ship
      453 words
    • Article
      Lock icon Bearish market
      492 8 TOKYO Source: DBS DAIWA THE market wmi bearish yesterday centring on export-related issues because of the sharp appreciation of the yen rate. Turnover was light, since pinstitutional Investors sat on the sidelines with the end of the month approaching. In the' morning session, the market opened firm, reflecting
      Source: DBS DAIWA  -  492 words
    • Article
      Lock icon Hongkong
      309 8 Source: SHK Sec THZ market opened on a dull note ji—frtley and continued to shde una he ted throughout the day on eonetderabljr reduced turnover. B> hinebttne, the index was down potnu wttjh no lector Deakre poinled to the km turnoverae a rign that overseas and local tneutuOoM (anon
      Source: SHK Sec  -  309 words
    • Article
      Lock icon How to reduce the risk in call options
      884 8 NYT KEW YORK: A sophisticated Investor who tost heavily In two dismal years of buying call options settled for silver Instead of going for the gold In the April to mid-May stock market rally. Because of prior losses, he was afraid to
      NYT  -  884 words
    • Article
      US stock exchanges come under fire
      621 8 WASHINGTON: The securities and Exchange Commission has criticised the nation's stock exchanges for falling to coordinate their efforts In developing an automated system that would enable brokers to send trading orders from their offices to market centres, a key component of the national market.
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    • Article
      Sydney
      285 8 THE market closed mixed yesterday with a firmer bias after earlier uncertainty, dealers said. Western Mining roae five cents to 81.57, Mlm gained four to $2.10 and BHP advanced eight to 86.98. However, the Bank of NBW fell two to 85.92 and the National, two to <2.38. Northern Mining.
      285 words
    • Article
      Bangkok
      138 8 JUNE V Batata AsU Fibre 81 -t Bangkok Bank Ill -2 Bangkok Invest Banckok-Metro-politan Bank BerllJucker Carpet Intnl Charoont Thai Wire Dumez DusltThanl Faber Merlin First Trust 411 -5 Genera Finance 336 -4 Indo-Thal Industrial Finance Corp 2455 -10 J And J Ho 432 Jala pra man Cement 288
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    • Article
      Manila
      103 8 "V THE market yesterday ckwed higher acroas the board, dealer* Turnover roee to 11.74 tnillwi peeos from Friday's 7.92 mllbon. JUNK M hm Aco)e Mining .011 unci) AUu Con. A AUuCon.B 18 SO +0.8 BaguloOoid .0008 ♦o.oooa BencuetCon B a so -0.8 BF Goodrich CDCP 18 00 -«.l IncoB
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    • Article
      Selected indices
      36 8 HJL HANGSKNG Monday 536.M S3b- SSS 'O' -»C '5? > i A FWdajr 419 Week Ago 42ft (1 33 .26 I ALL ORDINARIES Monday 402 93 Frtday 4M Week Ago 4M. 76 M f .rv
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      186 8 aiwfflifis s> s r, u 1 is* 6 CO C 5 CO o A ojs^ss Normal Price Special Price I Tales of Horror Supernatural Normal Price i Special Price i Graham Green Normal Price i Special Price J George Orwell C Normel Price I Special Price i $13.15 9.90 $22.80
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Speculation pays off at LTV, Lykes
      1518 9 > N.AMERICAN i NYT NEW YORK: The LTVLykes merger plan that Attorney General Griffin B. Bell ruled last Wednesday does not violate antitrust laws has brought pay dirt to some speculators and arbltracers. The combined company would be the nation's third or fourth largest
      NYT  -  1,518 words
    • Article
      Lock icon Flat forecast for furniture firms
      348 9 Reuter CHICAGO: Furniture sales in the United States have been running better than 10 Kr cent ahead of 1977, but flatlon and fears of an economic recession were expected to dampen business conditions in the second half of 1978 and next year. Analyst Jeffrey Edelman
      Reuter  -  348 words
    • Article
      Lock icon BEATRICE FOODS
      97 9 Reuter BEATRICE Foods Co announced first quarter (ended May 31) net earnings per share of US 67 cents against 61 cents previously. Net profit came to $62.19 million ($56.51 million) on sales of $1.69 billion ($1.51 billion). (1977 results are restated for pooled acquisitions through May 31, 1978.
      Reuter  -  97 words
    • Article
      Woolworth expects domestic recovery
      145 9 WOOLWORTH Co expects domestic earnings to show recovery in the second quarter, chairman Edward F. Gibbons told the annual meeting in New York. He said some portion of the improvement may reflect recovery of consumer purchases postponed from the first quarter. In the first quarter, Woolworth
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    • Article
      Petro-Canada budget gets approval
      230 9 OTTAWA: The federal government approved an increase in Petro-Canada's 1978 capital budget to CsB2o million from $307 million as part of the preparations for the government owned oil company's planned takeover of Husky Oil Ltd. Most of the additional $512.8 million will go towards development and
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    • Article
      OGILVY AND MATHER
      55 9 OGILVY and Mather International Inc said its board authorised a two-for-one stock split and raised the quarterly dividend to US2S cents on post-split shares from 45 cents on pre-SDllt shares. The company said both the spilt and the dividend will be payable on Aug 31, to shareholders
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    • Article
      Plans to split John Laing
      114 9 JOHN Laing and Son Ltd chairman Maurice Laing said the company has decided to go ahead with a scheme to spilt its organisation into two new separate companies. One new company called John Laing would handle the construction, housebuilding and building material side while the
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    • Article
      Thomson-CSF jump
      97 9 ThomsonCSF jump THOMSON CSF SA announced consolidated net 1977 profit of 221.21 million francs (90.09 million), Including long-term capital gains of 6.4 million (losses 77.8 million). Group share In consolidated profit came to 160.9 million francs (61.07 million) Chairman Jean-Pierre Bouyssonnle told the annual meeting the parent company expects turnover
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    • Article
      Industrie Pirelli
      99 9 INDUSTRIE Pirelli Spa continued in deficit in the first half of this year, but company officials said they hope for an improvement In the second half. Losses In the first half have been running at about the same level as 1977, when the company made a net loss
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    • Article
      BNP rise expected
      79 9 BANQUE Nationale de Paris expects net banking revenues to rise by about the same percentage, 13 per cent, this year as last, chairman Pierre Ledoux told a press conference. He said It Is difficult to estimate profits at this stage but they may be little different from
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    • Article
      Pilkington gets boost from UK earnings
      509 9 EUROPEAN A MARKED increase in total sales and trading profits by the UK companies in the second half over the first six months at Pilkington Brothers helped total taxable earnings for the year to March.3l, 1978, Jump from £62.7 million to £71.7 million. Also,
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    • Article
      Income drops at J Lyons
      216 9 J. LYONS and Co Ltd announced pretax profit for the year ended March 31 1978, of £6.23 million (£9.98 million) on turnover of £790 million (£769 million). Pretax profit included associated companies £1.48 million (£1.94 million) but was after interest of £21.2 million (£24.04 million)
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    • Article
      Lock icon Racal to sell its stake in Resa
      186 9 Reuter RACAL Electronics Ltd announced profit of £22.64 million (£19.75 million) for the year ended March 31, 1978, after all charges including tax of £21.2 million (£l4 million). Attributable to company: £28.5 million (£19.6 million). Turnover was £183.34 million (£122.25 million). Earnings per
      Reuter  -  186 words
    • Article
      Marks & Spencer
      80 9 Marks Spencer MARKS and Spencer Ltcfs current financial year from April 1 has started well with substantial increases In turnover and profits, chairman Marcus Sleff tqld the annual meeting. He said he expects higher profits for the year. In 1977/ 781 the company reported pretax profits of £117.91 million on
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    • Article
      Lock icon Fabrique National
      72 9 Reuter FABRIQUE National Herstal SA (FN) made a net profit of 105 million francs in the seven months ended Jan 31, compared with net profit of 197 million francs for the 1976/77 year, an FN spokesman said. Shareholders approved at an extraordinary general meeting the changing of the
      Reuter  -  72 words
    • Article
      OSRAM
      55 9 GENERAL Electric Co said It agreed to transfer to Siemens AO of Germany the 21.45 per cent Interest which OE holds in Osram GMBH, a German lamp manufacturer. Siemens owns the remaining 78.55 per cent Interest in Osram. It j minority Interest in Osram was not consistent wffh General
      55 words
    • Article
      Lock icon Pertamina well test completed
      275 9 ASIAN Reuter HONGKONG: Pertamina said liapco, a subsidiary of Natomas, has successfully completed the second oil well this month on the Gita Structure in the company's 53 per cent owned Southeast Sumatra contract area offshore Indonesia. In a statement released in Jakarta and made available here,
      Reuter  -  275 words
    • Article
      Atlas Cons
      41 9 ATLAS Consolidated Mining and Development Corp said the board reinstated a dividend of 25 Philippine centavos. payable on Aug 7, to shareholders on record on July 7. The board omitted the fourth quarter 1977 dividend of 25 Philippine centavos.
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    • Article
      HITACHI
      31 9 HITACHI Shipbuilding and Engineering Co Ltd said it signed a US$6O million contract with Abu Dhabi's National Drilling Company to build three KL drilling rigs for installation by April 1980.
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    • Article
      Kyowa Bank
      25 9 KYOWA Bank Ltd said It will establish a whollyowned, locally incorporated. Kyowa Bank of California, in Los Angeles with a US$5 million capital.
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    • Article
      Lock icon Jardine Ind in the red
      187 9 Reuter JARDINE Industries Ltd had a loss of HK$7.7 million In the first four months o* 1978 before provisions and extraordinary charges, company chairman David Newbigglng said. For the whole of 1977, the company had an operating loss of $656,000 before extraordinary losses of $9.26
      Reuter  -  187 words
    • Article
      Ansul to sell Diamond stake
      76 9 ANSUL Co said it has a final agreement to sell Its Malaysian holdings to Diamond Shamrock Corp for about US$2.B million. The company said the agreement, which Includes other agricultural chemical assets, is subject to certain conditions, including Malaysian government approval. Ansul said the sale
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    • Article
      Mitsubishi exports
      59 9 JAPAN'S Mitsubishi Corp will export its cars to France at the end of this year and they will be distributed by Porsche subsidiary Sonauto SA, a spokesman for Sonauto said. The spokesman said Sonauto hopes to sell about 1,500 Mitsubishi cars In 1978-79 and 5,000 by 1982. It
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    • Article
      MIM CUT
      29 9 MOUNT Isa Mines Ltd said It cut its price for copper, equivalent wlrebar basis C.I.F. main Australian ports, to A 51,200 per tonne from $1,220, effective Immediately.
      29 words
    • Article
      Lock icon Waterman in HK
      81 9 AFP THE Waterman Company, one of the world's leading fountain-pen manufacturers, is today selling watches In Hongkong. Mrs. Franclne Gomez, chairman and managing director of the company, said that Waterman now had about 100 sales centres for its watches. "The proof of a good start", she said,
      AFP  -  81 words
    • Article
      AIB to make note issue
      193 9 r < BONDS&LOANS L LONDON: Union de Banques Arabes et Francalse and Libyan Arab Foreign Bank said the Arab International Bank plans to offer US$25 million floating rate notes due 1983 through a management group of 17 banks. Interest Is payable semiannually In January and
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    • Article
      IBJ increase
      153 9 LONDON: The Industrial Bank of Japan Ltd's Issue of London floating rate certificates of deposit due 1981 has been raised to US$25 million from $10 million and the subscription period closed early because of heavy demand, IBJ International said as manager. The terms will be 1/4 per cent
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    • Article
      ITO-YAKADO
      126 9 NEW YORK: A syndicate headed by Ooldman, Sachs and Co, Nomura Securities International Inc and J. Henry Schroder Wags Co Ltd said It is offerlngUBs9o muiion of Ito-Yakado Co ££P v «tlble debentures ands2o million of notes. The group said the debentures, due 1903, are being offered at par
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  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      138 9 COLLECTINQ Oriental fINTOJEJ by Judith Moorhouse and Dries Blitz C 3 Hamtyn Group, London. Oriental antiques have always fascinated collectors e T WorW evokln B as they do the exoUc and inscrutable East. It is, however, widely believed that they are too expensive for the average collector. This myth is
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  • DEALS DONE ON THE SES AND ELSE
    • Article
      In Singapore
      1249 10 BID and offar prteaa officially ttated ana bualnaaa In aad reported to Uta StackTßacfcanp* of Blnaapow yeeterday with the number oftfiareetraded shown In bracket* in bta of I.MO unite imlaaa otlaarwtae apecifled. All Time Settlement Contract* a*e quotad after the world "aatt." Bit Bawd deal (In lou of
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    • Article
      Government bonds
      37 10 1/4% I 1/10/7* (250.000) (101 .SOB) 4 V 4% Ift/t/M (250.000) (100.408 100.568) n IV4/U (250,000) (100.868 100.728) 7 1/4% l«/4/M (250.000) (100 JOB) 7 1/4* 11/14/ M (250,000) (100.75B) 7 1/4% 1/5/17 (250,000) (100.75B)
      37 words
    • Article
      Stock options
      87 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. Cold Storage (Sept 11.70) (0.C58 0.778). CsadC (Sept 12.20) (2.755). Hume P E (Sept 11.20)
      87 words
  • Article
    SHARE INFORMATION SERVICE
    2448 10 J,* IV78 High Lrv Company Last Sale Week +0TGr'» Dtv Div C'VT Gr't Y'M Net P/E Week Vol C080) Week High Low »«"4 SECTION ONk INDUSTRIALS 217 214 172 225* 83 245 261 210* 4 478 432 132 123* 112 195* 60 V, 162 173* 140* 256
    2,448 words
  • Article
    Unit trusts
    152 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (»■■■—>' prim fcr Jmt 27) (Cail m riess) The Commerce 106 2 18xd INCOME BOND 1.0# 1.11 The Saving Fund i.r 1 35 S'pore Prof Fund 102 l.M MARA BUMIPUTRA FUND S pore Security Fund J #3 2 OS (Maaafsrs' prioaa First
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  • Article
    In Kuala Lumpur
    1645 10 BID and offer prices officially luted and buslnesa In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Ainu (2MB 2.248) XD i 2.828 2.588). Alaant (2.298 2.278) IS)
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  • Article, Illustration
    SBS shares steal the limelight
    591 10 THE Ume of the Stock Exof Singapore yesterday was mixed, with market attention centred ea the apevenaento of the Singapore Boa Service shares. morning d«nairi*A>r l> •hares pushed the price up to a hip of $2.98. However, the stags moved into the market a the
    591 words
  • Article
    KLSE closes on slightly easier note
    505 10 SHARES closed on a mixed to slightly easier note at the Kuala Lumpur stock market yesterday. Trading was selective and volume moderate. The usually volatile second liners tended easier under mild profit-taking. Blue chips and heavyweights on the other hand, held steady as sustained
    505 words
  • Article
    Hilton to manage Fontainebleau
    129 10 MIAMI Beach's well-known but financially troubled Fontalnebleau Hotel will be managed by the Hilton Hotels Corp, a hotel spokesman announced. The joint statement by Hilton president Barron Hilton and Fontalnebleau owner Stephen Mum said a US$l3 million refurbishment is planned to begin immediately at the Beachfront
    129 words
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  • COMPANY NEWS
    • Article, Illustration
      FELS looks to rigs
      960 11  -  -■r FONG MEW LING PAR East Levlngston ShlpL building (FBLefth&s geared -Itself to operate with the 1 fullest flexibility In the critical months ahead, and Is ready at short notice to rationalise Its activities •-even further to adjust to the J often unpredictable changes In the
      960 words
    • Article
      Malakoff profit prospects hit by drought
      1108 11  -  ■y LOW LEE CHOO AFTER another year of record profit last year, Malakoff chairman Alan Charton expects the current year's prospects to be slightly dampened by poorer oil palm fruit yields resulting from the crippling drought experienced last year. "Although prospects for the current
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    • Article
      Lower tin output and sales hit Kinta Kellas
      251 11 RESULTB at Klnta Kellas Tin Dredging have slipped significantly for the full year ending March 31, 1978, in line with an earlier forecast that profits would be substantially lower than the record $6.02 million achieved in the previous year. Unaudited pre-tax profits
      251 words
    • Article
      EAC to make public offer of 21m shares
      803 11  -  ■y SUSAN BEVAN THE East Asiatic Company (Malaysia) (EAC(M) will offer 21 million shares at M 51.60 each to the public. The company is a whollyowned subsidiary of the giant Danish conglomerate the East Asiatic Company. The offer is the largest new
      803 words
    • Article
      Placing a value on GIH
      518 11 THE u nderlylng asset value of Growth Industrial Holdings (GIH), the wholly owned subsidiary which Pegl (M) is selling to Its shareholders, is some 93.72 a share according to the explanatory document on Its proposed reconstruction sent to shareholders. The purpose of the reconstruction is
      518 words
    • Article
      DIVIDENDS ANNOUNCED
      590 11 Current payment Ex Data Boaks dOM Data payable Total mr Total for the year preview year GuinneM (M) New Serendab Pet* line Tin Mentakab Setron Gold Coin Iaeketp* Timuran Hide. Times Pub. STP(1*75) Eu Yan Seng T'ganu Dev. Mnf Loan Bousteadco Metal Box (S) Hon( Leone Wearnes Eaao
      590 words
    • Article
      SCRIP ISSUES
      142 11 Company Particular* Ex Date Books Close Hi!! Bonus Issue of 1 for 2 Bonus Issue of i for 2 Bonus Issue of l for 3 Bonus Issue of l for 3 Bonus Issue of 1 for 4 Bonus Issue of 1 for 5 Bonus Issue of 1 for
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    • Article
      COMPANY MEETINGS
      274 11 Public Bank Bhd: AGM to be held at 3rd Floor, Bangunan Yee Seng, 15, Jalan Raja Chulan, Kuala Lumpur, at 12 noon on June 27. New Serendah Rubber Co. Bhd: AGM to be held at No. 50, Jalan Ampang Kuala Lumpur, at 3.00 p.m. on June 28. Keck
      274 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      156 11 Don't let the language barrier stop you from wider contacts <: i ->. i s S ayLi t Ate A ft V^c»* .ov u e^ G V t*» e tv» e o tV ~o^' r YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere
      156 words
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  • Article, Illustration
    Exporters in Australia who give up too easily
    383 12 JOINT ACCOUNTANTS SEMINAR A SENIOR trade official has suggested that lack of perseverance may be one of the reasons why Australian goods are not often found In the local market. Answering questions on a panel discussion on business environment In Singapore and
    383 words
  • Article
    Keeping an eye on relevance of standards
    390 12 THE SINGAPORE Society of Accountants may fall to set relevant standards If it becomes complacent and relies too much on the International Accounting Standards (lAS). Speaking at the Singa-pore-Australia Accountants Seminar yesterday, Mr. J.B. Burrows, a partner at Arthur Andersen and Co, added
    390 words
  • Article
    Singapore can serve as a stepping stone
    310 12  -  •y QUEK PECK LIM AUSTRALIAN manufacturers should use Singapore as a convenient steppingstone to penetrate third country markets. But the Government does not expect Australian manufacturing plants In the Republic to replace their parent companies. This assurance of Singapore's expectations was gven by
    310 words
  • Article
    Why it's sensible to move abroad
    508 12 AUSTRALIAN wages are five times as high as those in Singapore. This is one of the reasons why "the good sense of moving offshore (for Australian companies) Is not questioned;' said an Australian merchant banker at the accountants' seminar. Mr. J.E. Owens, chairman of
    508 words
  • Article
    Not a true and fair picture, court told
    435 12 A COMMERCIAL crime accountant yesterday told a district court that the consolidated profit and loss accounts of the Ben group for the six months ended Aug 31, 1975, did not present a true and fair plctiire of its operating results. Mr. Chla
    435 words
  • Article
    LONDON STOCKS
    731 12 LONDON, Mon. Prices closed lower on fears of higher UK Interest rates and the possibility of an early general election, dealers said. At 3p.m. the Financial Times index was down 4.8 at 461.5. Government stocks closed around 5/8 point down in longs and 1/2 off In shorts, although
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  • Article
    Lock icon EYE TO EYE ON THE ROCKS AND STARS
    142 12 AP PRIME Minister Lee Kuan Yew said yesterday he and President Suharto saw "the same rocks and the same stars" In looking at certain basic regional and international Issues. Mr. Lee said after two hours of informal talks at a Ball beach
    AP  -  142 words
  • Article
    Japanese seek easier entry of cars into Australia
    164 12 JAPAN yesterday called on Australia to abolish Import restrictions on manufactured products, Including motor vehicles. The point was made by Foreign Minister Sunao Sonoda, in a speech to the fifth Australia/Japan Ministerial Committee meeting In Canberra. Mr. Sonoda said Japan is running
    164 words
  • Article
    UOB UPS STAKE IN HAW PAR
    94 12 UNITED Overseas Bank has become a substantial shareholder of Haw Par Brothers International. It has increased it equity interest in Haw Par from 1.3 per cent at end-1977 to 7.5 per cent on June 19 this year. At end-1976, UOB held only 300,000 shares
    94 words
  • Article, Illustration
    Lock icon Marshalling aid to poor nations
    524 12 Reuter UPI THE EEC and Japan should Join hands to raise poor nations' standard of living over the next 23 years, Mr. Roy Jenkins, the Commission president was quoted as saying. In an Interview In Brussels with the Tokyo dally Yomluri Shlmbun, Mr. Jenkins said
    Reuter; UPI  -  524 words
  • Article
    Lock icon Outdated thinking on American charity
    457 12 Washington Star WHILE the US Congress is moving towards cutting foreign aid, academic studies show an increasing link between American prosperity and the economic growth of poor nations that US aid is supposed to foster. The studies also show that the United States stands to
    Washington Star  -  457 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      97 12 reached Tsao-V *ese ieu^ re e oUitto 0 stat***^ *0& h .S^S£s=SS^ to 9°"" poW* *J t0 W (O "£SN« ,od W*fij px**' /dem# n<J touS i*>« ss^ 2.«-££&* od X X w Federal Publications Mail Order Division 1 N#w Industrial Road, Singapore 19 Mecpherson Road P.O. Box 78 Sing*>ore
      97 words
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  • Article
    SHIPPING TIMES
    4729 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipptnf line involved, and the estimated dates bf arrival and departure.from Singapore port. Hnlhkfc hu a Bertie* inmißiil with MISC. TMb
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      1030 13 Weekly Express Containerised Service To/From U.S.A. For further details call Singapore: *****46 K uata Lumpur ***** Port Kelanfc. *****0 Peaan<: ***** 1 SHIPPING J EVERGREEN LINE (EVERGREEN MARINE CORPORATION! FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CARGO FOR: GENOA. LATTAJtIA. BEIRUT. ALEXANDRIA. KJKHUI. TRIPOLI (lilt*) !>m
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      15 13 SEA I LAND ACCEPTING LTL DUBAI BANDAR ABBAS FORTNIGHTLY TO MIDDLE EAST BOOKING TEL: *****22
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      622 14 FUUT CONTAINCMSED TO EUROPE 1M 17/7 19/7 20/7 24/7 HM£MC*nh 30/6 19/7 21/7 22/7 24/7 *■*—>* 5/7 7/7 30/7 1/0 2/« 5/1 ftMivna U/7 11/7 5/1 7/1 8/8 10/8 21/7 23/7 12/8 14/8 15/8 17/8 •MMv 28/7 30/7 19/1 21/8 22/8 (31/8) Mpih) 4/8 t/8 2S/8 28/8 29/8 31/8 EXPRESS
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      746 14 Z2 SANKYO LINE AUSTRALIA SERVICE Mate* tlnn* Li«*t>r SEABIOON SAILED 21/29 ftm FK.MKI.MEI TMCESTMI 3/4 My SVD. MEI DIAMOND STAR (Ist CaD 1/2 Mr AOEL.MEt.SrD (2jMCJR) 11/14 My 15/16 My AOEL.IML.STD TWE MAN 11/19 My 29/21 My DARMIN. SMS. STD.MEL BANGLADESH SERVICE HAT CARP ..U/lfJUir 18/17 JULT CHITTA6ON6, CHALI GENERAL
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      494 14 T--1 SEA mLAND U.S.*./ ASIA SERVICE ,1 j» Hri MID-EAST SERVICEITL TO DUBAI C BANDAR ABBAS r tank* It (M, I WORLD TIGER Y5 WORLD LION V 4 VSI Arrim/Dtperti JULY 9/10* JULY 30/31 AOTH FLOOR HONG UONG BLOG 16 RAffL{! QUA* SINGtPORf 1 Cujtome Sftict 8oc«"( ;V< I S3
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      753 14 r Everett Lines Baraa Fiva Star SMppiai C*rpa. JBk "BURMESE NATIONAL LINE' LOADING FOR RANGOON B.F.S.S.C. Agents in Malaysia:' TEPS MALAYSIA Port Keiong Tel (38) 7355 Penong Tel. *****/***** —IWITIIII ItwKwwm S. A.C.I.F. 'ARGENTINE NATIONAL LINE" LOADING FOR DURBAN CAPETOWN BUENOS AiRCS 76/27 28/2! 30/31 Tram#*teeiee Maritiwa Maxicaaa S. A.
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      353 14 wunc tt, IT^ \RI) I I W I \!1 I y > Orient Overseas CanlcMieA Line FULLY CONTAINERISED OMENTM KSUKXIJ ICNCMUCIPMHIW NEPTUNE COtM NEPTUNE PEAM IMI ocMuaaosw HUONG CONTMNEt 11R ■EKATOITV M/ 7 11/7 a/i 21/1 H/7 27/7 »/7 Jl/7 l/| 7/1 9/1 11/1 JVI 11/ l a/1 73/1 27/1
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      1015 15 OCL Overseas Containers Limited T3C3EE Htarf R'laai la S'Mrl P. K|lW| D'«afk Inn I'm Nam MM II M M M 21 M(M HI) HI DPICSS •AT oun WT amobmp soma from m/cmtmot: Ntwf Bn«. I'M Hwrt S'tM P. KtlMf S port Nnt Mi: Mm IWM Wlel I* HI MM Will
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      878 15 Ajcetxrvtoeaf Ban Line Bkießrmd GJen bneand NSMO It H/MTHOT (Mi M IMBRTIB MM nn la* Sail* KMX AM I'« M| 1/ IMy PMTESIUSS 1/ •Mr Vl** 17 M| Bilbao Uti, MM. I Aaf leddab. Lisbon, Letiet. Amsteroam, Titan, Mil. Carafe ham P. 1/ I Mf Japan. MM) ITSMt it/a m
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      658 15 £2 7Tt UU Ttaaaa Man IWI lIJ f2??£? J JM n"ta S m nl 'L U Cita CtaM IMI 4 M I 111 I i"*l ™I 11 Ml 11 £3 >» Ml *Mlla My «N M. T» F£SU *iS nM/OM) M|l|4 A«| It A, K*. l^!l.U. stmc una il mn
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      879 15 Scan Dutch V L -11 l-mii'FTTTlOi^^^H M/ I T*tMU 1/ l MI.I<U V > MTUMIA *'J KB. tun I'snrs U MMIIim BMaB MM 4 a>| H PM M/i 11/ I 11/ I I i/ 7 ti/ j a/1 nj > a/ > it/i a/ vi v >/• a/ i 1/
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      416 15 GUTHRIE BOUSTEAD S-ns BAN LTD LMK FN IS UtKi 1.1., M., Mi'm »m M S'rm N.H M 'Hi lAJI i jwt* LS OR NT LIN 1 V SINGAPORE *****J PT KELANG KUAI A UIMPUR 203/11 PI NAM. (Bki 3. imcpcnknt soma FESCO LINES FESCO STRAITS PACIFIC LINE FH PACIFIC tmn
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      849 16 K LINE KAWASAKI KISEN KAISHA. LTD MjggßSlOlißD (VU SI£Z) ky Cwtantr Vtmb TO nmori S'gore P. Kelang L.Havre H'burg Bremen R'dam A'*erp o \e£rcner nr 21 mm 29 *m 11 My2iMy2iMy22My24My CNEVAUER MR 11W 5My IMy27My2IMyMMy3IMy hEPTVNC CORAL IV 11 My 12 My 31 My 2An J** 4An •'1 SIS
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      959 16 E.C.-S.S.A./ ATLAKTIC/6VLF SERVICE accepting fcl/10. cwtamob fmm $"mk. p. mm. w I wine Mr; MRFOLR. M« VMM. IALTWIRI. RRLEAM, MHTM S.n aoort P. K*|«H hlMi P» E.C./GREAT UKES SERVICE luli»t to: NVIU, NCW VRML, MRMTMAL. TRMMTI. ASRTMWA. HWII. CIHtAM. «BrK-ff"AP»» m,-, CAUFORRIA/PACIFIC RORTH WEST SERVICE mill tar: in AMELIA. SM
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      479 16 EMTAL CHIEF aMy 31 My •U| II U| mm* AtSTtALIA fIN-M CMIAINEI SOWCE) SANKO LINEL FROM JAPANESE PORTS AND HONGKONG STATES STEAMSHIP COMPANY l>f. 11 •1| M; l.'-J-l (I i»lf 1 acceptim um m mssmml mmiu urwui. on. nrnuia. HOMllll, SEATTLE, VMCMVEI (SCJPMTUM, ISMWW, VA* CtSYEI (WASN), SAN FIANCISCI AM
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      689 16 MALAYSIA* INTERNATIONAL SUPPING CORPORATION KRNAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCAN DIN A VIA WOT MM: S'aort 1) Msailwt 31 Mtwirg Gtarg Imh W|l far EAST MM. I. Ut—«». L Mb Mi, II w n* I'm EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T|. Mam P. Mix Ptnaag Ualiaf tmt •Ml mil
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      817 16 t INTRASEA (PTE) LTD. KMJU INKPENBENT SCMI/FIU CBNTAJNER SERVICE T» EMR swi p. mum p*«am Me Mr: !»r 1 toil* J tailM UitM MCMU uwm Mil I IM I My I JM 'MM(MI Mil ICM atop) t Am MMws/R'Ma/SWf/ M-at.Hn/S'ta* (OX) NHSIi MIS MMr »My WM% H*trt/R'4aa/baalofaa. tcnftq TkrMfk IVI
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