The Business Times, 15 July 1978

Microfilm: NL9760
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, JULY 15, 1978 <U1 rPNTC
    11 words
  • BRIEFLY...
    • Article
      Lock icon It's Asia
      73 1 AFP NEW YORK, Fri. Evidence that Asia, West Asia and Latin America are the most profitable regions for public and private companies is advanced In the latest issue of the magazine Business Week. A survey of the 750 largest companies in 60 countries other than the US showed
      AFP  -  73 words
    • Article
      Lock icon Elation!
      60 1 Reuter LONDON, Frl. Britain's annual rate of inflation has fallen to 7.4 per cent, Its lowest level for nearly six years. The retail price index shows the rate dropped in June from 7.7 per cent to 7.4. The rate was running as high as 26.9 per cent in August
      Reuter  -  60 words
    • Article
      Lock icon Taiwan cuts tariffs
      68 1 UPI TAIPEI, Frl. The legislative Yuan (Parliament) has approved the revision of tariff law to lower Import duties on 983 Items Including crude oil in a move to stimulate domestic Investment. The revision, expected to be effective by the end of July, covers 432 categories. Import duties
      UPI  -  68 words
    • Article
      Lock icon Asean exports
      49 1 Reuter TOKYO, Fri. Japanese businessmen today agreed In principle to the proposed creation of a scheme to stabilise export revenues of Asean. The Japanese move represents "part of Japanese assistance in stabilising economies" of Asean. The scheme Is now under discussion by Asean and Japanese experts. Reuter
      Reuter  -  49 words
    • Article
      Lock icon Deadline extended
      63 1 Reuter. GENEVA, Frl. The world's major trading powers have agreed to extend their deadline for agreement on measures to stabilise volatile international markets In individual commodities, a United Nations woman spokesman said here todav. the industrialised countries and the Third World are still at loggerheads over convening a
      Reuter.  -  63 words
    • Article
      Lock icon UK surplus
      58 1 Reuter LONDON, Frl. Britain's balance of payments moved upwards Into a £14 million (5163 million) surplus last month compared with a revised deficit of £98 million deficit In May, the Trade Department announced today. Visible trade in exports ana imports showed a deficit of £106 million compared with
      Reuter  -  58 words
    • Article
      Tokyo invests less
      46 1 TOKYO, Fri. Japan's direct Investment overseas in fiseai 1977 fell 18.9 per cent to US$2.Bl billion (556.44). Finance Ministry officials said the decrease, despite the sharp appreciation of yen, reflected Japanese companies' wait-and-see attitudes abroad 6 f ec nomlc uncertainties in Japan and
      46 words
    • Article
      Lock icon Dow Jones
      63 1 UPI NEW YORK, Fri. The stock market, ignoring a surge in the nation's money supply, headed higher early today with the aid of President Carters pledge to fight inflation and some favourable earnings reports. Trading was active The Dow Jones Industrial Average was ahead 829.0&arbund 11 a.m. Advances
      UPI  -  63 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      131 1 Rises Most active OuaJop Est Shangri-La Sim Lin Berjuntai Batu Kawan C Sugar* 416 376 124 880 +8 +6 +6 +5 Sime Darby Cona Plant Haw Par Pan Electric 962,000 567,000 430,000 227,000 218,000 201 286 +4 +3 +3 KLKepong Hon( Leone 283 Total Turnover: 8.08 m
      131 words
    • Article, Illustration
      In Kuala Lumpur
      159 1 Rises Most active Malayan 12.00 Wearne 3 44 Harper Ollf 3.20 Temerloh 3 to Dunlop Est 4.20 Foils PetaUng 4.70 Con Mt Wrt 4.12 M Weaving 1.09 F and N 5.45 Tronoh S.60 OCBC 8.75 A Hltam 10.60 P TexUle 0.72 Prima 2.72 .30 .12 +.10 +.10
      159 words
  • Article
    Sime to straddle the globe soon
    1207 1  -  BANKS 'YES' TO $475 M LOAN f/Simen l\parby/J By QUEK PECK LIM SIME DARBY Holdings today completes the first stage In a programme which sets it well on Its ambitious path to becoming the largest plantation group In the world. The first phase of
    1,207 words
  • Article
    Lock icon ITC LIFTS FLOOR, CEILING PRICES
    183 1 Reuter. THE International Tin Council lifted the floor and. ceiling prices for its buffer stock by MS 150 and $200 a picul to $1,350 and $1,700 respectively, an official communique stated. The council continued in session following the news or "the rise. Yesterday morning the
    Reuter.  -  183 words
  • Article
    Airlines in new bid for cargo rate rise
    699 1  -  By SIVA ARASU INTERNATIONAL airlines operating through Singapore have formed a committee to discuss the Issue of Increasing air cargo rates with the Economic Development Board <EDB). The team comprising Singapore Airlines, KLM Royal Dutch Airlines, and Trans-Mediterranean Airways, will also meet
    699 words
  • Article
    Lock icon SLUGGISH U.S. GROWTH
    82 1 UPI INDUSTRIAL production, a barometer of American economic output, rose a sluggish 0.3 per cent in June the worst peformance in four months, the Federal Reserve Board said yesterday. The small increase was significant because it indi- cated the nation's economy has started to slow down from
    UPI  -  82 words
  • Article
    FELS six-month order book stands at $30m
    305 1 FAR EAST-Levingston Shipbuilding (PELS) has just won a contract to build a workover rig for an American company. The value of the rig is US$B million (5518.4 million) and the owner is Poole Company of Texas. The rig will be employed in the
    305 words
  • Article
    Bottle and can makers eye HK beer industry
    381 1  -  By RONNIE LIM SINGAPORE'S bottle and can manufacturers are vying with foreign companies to supply their products to the growing beer industry in Hongkong. Industry sources said yesterday that San Miguel Beer of the Philippines, with a brewery in the British colony,
    381 words
  • Article
    Lock icon NEW EXPORT POLICY
    144 1 AFP THE INDONESIAN Government Is expected to announce soon a new set of regulations aimed at boosting non-oil exports. The Director-General for Foreign Trade, Mr. Suhadl Mangkusuwondo, said yesterday the new export policy would be "comprehensive", meaning lower export taxes, abolition of tariff barriers and extension of
    AFP  -  144 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      12 1 hvrctt Lines PM TNI MOST nCQUCMT SAKJMtS TO BAMOKOK lIOtHkOIIB JAPAN MISAM.
      12 words
    • Advertisement
      Page 1 Advertisements Column 2
      36 1 Samson ite creates OMEGA From the sleek new lines of the exterior. to the high-performance interior tunctional design becomes a t>ne art in Omega See Omega, and vou'll want to own it ©Samsonite Eastern Agencies J
      36 words
    • Advertisement
      Page 1 Advertisements Column 3
      83 1 mm m JOINT furniture venture with a difference 2 JAKARTA to set up tourist office in Singapore 2 FREIGHTING liquids the etiy BMOOTH ride' for Cycie 5 Carriage 6 FUTURISTIC Mercedes vrooms into view KL High Court (titminni C. Securities' $5m plea METAL Bos expends in s big wsy BOUNTIFUL
      83 words
    • Advertisement
      Page 1 Advertisements Column 4
      228 1 business SINGAPORE BUSINESS between Singapore and Indonesia myth and reality The latest issue of the ASEAN Business Quarterly is full of interest for the businessman (or woman) who wishes to understand, in easy-to-read language, the realities of the ASEAN economies in relation to the economies of the western industrial world.
      228 words
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  • TRADE AND INDUSTRY
    • Article
      Indonesia to set up tourist office in Singapore
      293 2  -  ■y WANG LOOK KEAH INDONESIA will set up its first South-east Asian tourist promotion office in Singapore early next year. During the last three years, such offices have been set up In Frankfurt, San Francisco and Tokyo. Singapore has been chosen as
      293 words
    • Article
      Lock icon Seoul to import food items from S-E Asia
      234 2 UPI, AP SOUTH KOREA has decided to Import pork and five agricultural products to help stabilise rising prices of the items. Government officials said yesterday the Office of Supply will Import 4,000 tonnes of pork, 4,000 tonnes of red pepper, 5,000 tonnes
      UPI,; AP  -  234 words
    • Article
      Lock icon Offshore contracts for Phillips
      121 2 Reuter PHILLIPS Petroleum International Corp. has secured three offshore geophysical survey contracts from the Philippine Ministry of Energy. A ministry -spokesman said yesterday that the survey will cover the LeyteSamar area In central Philippines, the Babuyan Channel at the northern tip of Luzon and the northwest
      Reuter  -  121 words
    • Article
      Adoption of giraffes . . .
      33 2 Adoption of giraffes THE SINGAPORE Zoological Gardens announced that its giraffe enclosure has been adopted by the Sheng-Ll Holding Pte Ltd for an annual sum of $10,000 under the Zoo's animal adoption scheme.
      33 words
    • Article
      Joint venture in furniture kits
      422 2  -  By JOHN LIM A $13 MILLION Joint-ven-ture between Indonesian and local businessmen will manufacture wooden doors and do-it-yourself furniture kits In Singapore for export. Singapore was chosen because of Its shipping facilities and Industrial Infrastructure. Golden Wood (Singapore), with a paid-up capital of $2.5 million,
      422 words
    • Article, Illustration
      Eureka — converting cars to run on hydrogen
      310 2 Eureka converting cars to run on hydrogen A PROTOTYPE ear hdkd by iydrogen has been developed by an Australian engineer, Mr. Graeme Gibson. Hydrogen-powered engines are not new, but Mr Gibcon'■ reoeurch has been aimed at producing a conversion kit which would allow a conventional petrol engine to run on
      310 words
    • Article
      Store worker wins overtime back-pay
      236 2 THE SINGAPORE Manual and Mercantile Workers Union has succesfully negotlated for one of its members to have his extra payment from Cortina Departmental Store for working on a rest-day. The union claimed that that member, an electrician with Cortina was paid one day's wage instead
      236 words
    • Article
      Power board secures loan
      278 2 MALAYSIA'S National Electricity Board has secured a Ml 20 million loan to refinance .an earlier loan and for development purposes. One outstanding feature of this loan is that it is unsecured: It does not carry a government of Malaysia guarantee. It is believed to be the
      278 words
    • Article
      Lock icon COCONUT EXPORTS UP
      100 2 Reuter. THE PHILIPPINES' export of coconut products In the first-half of this year rose 17 per cent to 1.01 million tonnes in volume. This compared with 803,000 In the same yearago period. Of total exports, coconut oil represented 74.5 per cent, copra 21.2 per cent and desslcated
      Reuter.  -  100 words
    • Article
      Lock icon Papuan trade mission
      40 2 AP. A PAPUA New Guinea trade mission will arrive In Jakarta on July 22 to trade and economic issues with Indonesian officials. Foreign Minister Mochtar Kusumaatmadja said Papua's Minister of Trade, Pytallus, will head the team. AP.
      AP.  -  40 words
    • Article, Illustration
      Majority of students opt for technical courses
      301 2 YOUNG Singaporeans are becoming more receptive to blue-collar jobsApplication* to technical colleges and vocational institutes have for many years exceeded the number of places available. The Minister for National Development Lim Kim San disclosed this at the official opening of the Ngee Ann
      301 words
    • Article
      Bangkok trade deficit widens
      305 2 THAILAND'S trade deficit widened to US$32O million (***** million) in the first four months of this year from $167 million in the same 1977 period, said the director of the Economic Relations Department, Amant Phuchaum. He said Thai exports rose to $1.32 billion in the first
      305 words
    • Article
      Lock icon Nylon export cartel
      134 2 Reuters SIX JAPANESE nylon filament manufacturers plan to form a 12-month export cartel as soon as possible to check exports of nylon filament to the US at unfair E rices, Toray Industries ic. said. The six firms are Unltlka Ltd, Tellln Ltd, Asahl Chemical Industry Co., Kanebo
      Reuters  -  134 words
    • Article
      MEMO PAD
      318 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC June 5-July 29: Life Agents Certificate Course, SITC, SITC i July 17-19: Increasing Hotel •Sales Effectiveness, KL Hilton, Marketing Improvements Aug 7-8: Costing financial analysis for marketing managers; Hilton, Price Waterhouse Aug 10: Performance management,
      318 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      55 2 FINANCIAL CONTROLLER Top level position available in Indonesia to control business of multi-national organisation. Experience in garment manufacturing industry helpful but not essential. Exceptional opportunity for right individual. Excellent salary. Please respond immediately with full particulars to S.T. Box N***** Singapore for possible interview by visiting Group Financial Controller on
      55 words
    • Advertisement
      Page 2 Advertisements Column 2
      110 2 FA* EASTERN FKEICIT CONFERENCE SAIAI, BRINE) AW SARAWAK FKEICIT CONFERENCE NOTICE TO BHIPPERB PORT CONGESTION ALEXANDRIA Reference Is made to the Notice in the Press on Thursday, 18th May 1978. The member Lines of the above Conferences have advised that there has been recent rapid Improvement In port conditions at
      110 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      617 2 i a CBOSSWORD 2 Beast (6) S Scolds (6) 4 Food Item (3) 5 Written defamation (9) t Neck rein (7) 7 Particle (4) Abduct (6) 12 Sullen (5) 13 Oem weight unit (5) 14 Bad-tempered (5) It Unspoken (5) It Removes rind (5) 18 Imprisoned (5) IV Skilled workM
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  • OVERSEAS
    • Article
      Lock icon Japan offers $2.3b for energy fund
      767 3 AP Reuter. JAPAN Is prepared to contribute US$l billion (552.3 billion) to a proposed joint fund for cooperation with the US on developing new energy sources. This was disclosed by Mr. Masuml Esakl, chairman of the Japanese ruling Liberal-Democratic Party's policy affairs research council.
      AP; Reuter.  -  767 words
    • Article
      Lock icon President of Ford Motors resigns
      225 3 NYT. MR LEE lacocca resigned as president of the Ford Motor Co., effective Oct. 15, after a difference of opinion with Henry Ford n, chairman of the company. Sources in the automobile Industry said the resignation followed two days of heated debate between backers of
      NYT.  -  225 words
    • WORLD IN BRIEF
      • Article
        Lock icon DEAD MAN'S TESTIMONY
        608 3 Agencies. THE TOKYO District Court accepted on Thursday statements given by a man who died In 1976 as evidence In the trial of Influence peddler Yoshlo Kodama, a key figure In the Lockheed payoffs scandal. Kodama, whose role In Lockheed attempts to Influence aircraft sales In Japan
        Agencies.  -  608 words
    • Article
      Lock icon SLOWDOWN AT UK FACTORIES IN MAY
      134 3 Reuter. THE UK industrial production index fell 2 per cent in May to 103.9 (base 1970) after the revised 2.5 per cent rise in April. Disclosing this the Central Statistical Office (CSO), however, said seasonal adjustments in May were difficult due to the Spring
      Reuter.  -  134 words
    • Article
      Inflation not in the way of monetary plan
      417 3 THE EXISTENCE of different inflation rates within the EEC does not mean the proposed European monetary system would be unworkable, Chancellor Helmut Schmidt said. The guidelines laid down by the EEC summit In Bremen state that changes in exchange rates for Individual
      417 words
    • Article
      Lock icon Outlaw insider dealings, Bank of England
      178 3 Reuter THE BANK of England said It believes there should be legislation to make certain securities dealings undertaken with the benefit of Insider Information a criminal offence. In evidence to the Wilson Committee reviewing the UK financial institutions, the bank said it considers the
      Reuter  -  178 words
    • Article
      Lock icon Australian payments deficit up
      461 3 Reuter. AUSTRALIA'S balance of payments deficit as measured by net official monetary movements widened to A 5545 million (551.25 billion) in fiscal 1977/78 ended June 30 from $491 million In fiscal '76 but It was well down on the $1.02 billion deficit for fiscal *75. A
      Reuter.  -  461 words
    • Article
      The Fed acts to stem credit explosion
      1065 3 US FEDERAL Reserve Board chairman William Miller said the Central Bank is firming US monetary policy to stem a credit explosion and possible recession. In testimony for the House budget committee Mr. Miller said the Fed is on a course of prudent monetary
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      645 3 Mini MUFHNIA MM (Incorporated with Limited Liability CONSOLIDATED STATEMENT OF CONDITION in the State of California, U.S.A.) ASSETS Cash and due from banks demand Time deposits, due from banks Investment securities (Note 2) U .8. Treasury alkd federal agencies State and municipal Other Total Investment securities Trading account securities Loans
      645 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      370 4 THE Singapore rubber market yesterday opened fractionally higher, then hardened about 2.50 cents on speculative support, upcountry covering and some trade demand. But towards the morning close, prices fell back marginally on profit taking. The morning market finished higher with August One RSS buyers quoted at
      370 words
    • Article
      R.A.S. PRICES
      299 4 Prices In cents per kilo yesterday: Int. 1 R.S.S. prompt t.o.b. Int. 1 R.S.S. August Int. 1 R.S.S. September Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont. Int.SR.S.S. UK/Cont. Noon (per kilo) Buyers Sellers 229.50 230.SON 230.25 230.50 230.75 231.00 220.25 221.25N 219.25 220.25N
      299 words
    • Article
      SSR AND SMR
      86 4 NOON S8R and 8MR prices yesterday: RA8 August (Cumst Mtk) n...... n,n- JFsrwaH MU) DUJci l 3CUW1 (osutepsrkc) (esa •spsr kg) SSR20 (1-ton pallet) 212.00 214.00N 213.00 215.00N SSR5C (1-ton pallet) 210.00 212.00N 211.00 213.00N MRELB SMRSCV (1-ton pallet) 238.00 240.00N 238.00 240.00N SMR5L (1-ton pallet) 237.00
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    • Article
      Palm oil
      81 4 C.I.F. North European porta, in US dollars per ton unlets otherwise stated. LONDON: Thimday Malaysian 5H ffa bulk per tonne September Sumatra 5* ffa bulk July August September October November December Nlnrla 5% ffa bulk stg ROTTERDAM: Sumatra Max 5 July Zaire (BeIf francs per-kllo) 595 sir 590
      81 words
    • Article
      Closing prices
      30 4 Rubber: July 14 Singapore: August 229.25 cent) (up 1.75 cents) Malaysia: August 233.25 cents a 1.75 cents) Ml 1,750 (up 123) Official offering: 247 tonnes (op 47 tonnes)
      30 words
    • Article
      Hongkong comex
      140 4 THE sugar market yesterday closed 0.10 US cents lower in continued featureless trading, with seven lots traded against nine on Thursday. The Hongkong dally spot sugar price eased 0.05 to 0.40 cents. The cotton market closed slightly easier in continued featureless trading, with 31 lots traded against 34
      140 words
    • Article
      SPOT PRICES
      186 4 YARN and cotton in Hongkong dollars, spot ex-godown: Cotton Yarn: China Blue Phoenix 20s 1.730: 32s 2,180; 40s 2.275 (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq, Dragon Head unq Five Lambs una. Flower and Butterfly unq, Plytng Geese unq (per piece 30
      186 words
    • Article
      Produce exchange
      353 4 LITTLE activity was reported on the Singapore produce market yesterday. Pepper prices eased further especially In the case of Sarawak white which was down $2.50 per plcul. Arrivals totalled 310 tonnes. Coffee prices however closed steady at $320 a plcul for AP 1, $285 per plcul for AP
      353 words
    • Article
      Coffee
      298 4 ROBUSTA futures in London yesterday closed the morning barely steady down £28 to£lo per tonne from Thursday night. Turnover was 212 lots. Dealers said the market initially traded around £15 lower basis spot July at £1,380 following New York's close. Thereafter, they said values moved lower on local dealer
      298 words
    • Article
      Rice
      194 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne P. 0.8. basis Bangkok) White Rfas: 100 pet Ist class 432,100 pet 2nd class 417,100 pet 3rd class 412. spct 403. 10pet 385, 15 pet 377, 20pet 372, 25 pet M 2. 35 pet unq. Brnhaa:
      194 words
    • Article
      Cocoa
      162 4 TERMINAL cocoa in London yesterday recorded first-call losses of £11.50 to £2 per tonne but staged a partial recovery In relatively eulet open trading. Dealers pointed to the levelling out of the market's backwardation situation which, they said, reflected the availability of nearby spot and Afloat cocoa and generally
      162 words
    • Article
      Straits tin
      220 4 THE STRAITS tin price In Penang yesterday rose MS23 to $1,730 per plcul. Sentiment ruled firm, encouraged by London's strong closing following news that the International Tin Council is likely to raise the buffer stock price ranges at this week's meeting, dealers said. Heavy buying support was reported
      220 words
    • Article
      Sugar
      218 4 TERMINAL sugar in London yesterday opened £1.50 to £2.25 per tonne down in a turnover of 1,197 lots. Prices eased at the opening under trade selling and reflecting bearish fundamentals and steadier sterling against the US dollar. Dealers said the technical rally late on Thursday attracted no fresh buying
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    • Article
      Soybean
      171 4 HEAVY spreader liquidation caused soybean futures to close 15-1/2 to two US cents a bushel lower in the nearbys, but one to 21/2 cents higher in deferred Months. Buying of new crop and selling old crop partly stemmed from the USDA's supply and demand revisions. Traders said the five
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    • Article
      Wheat
      138 4 WHEAT futures closed with losses of 2-1/4 to 3-1/2 US cents a bushel, at or near the day's lows, In Chicago on Thursday. The bearish supply and demand revisions and easier nearby Gulf bids caused by slackening export demand kept the market on the defensive for much of the
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    • Article
      Rubber prices continue to ease
      316 4 SIMILAR to last week's performance, rubber prices In the week ended July 13 continued to ease and then staged a part recovery, although trading was much slower throughout, says Holiday, Cutler, Bath Co. In Its weekly rubber review. In the absence of fresh features, London
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    • Article
      Copper
      304 4 COPPER wlrebars in London yesterday finished the morning wigh gains of L' 7 for cash and £6 for Three Months. Sentiment remained buoyant in the morning with the New York close and expectations of a further sizeable decline in Mocks this week prompting moderate dealer covering and fresh buying
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    • Article
      Silver
      229 4 THE Hongkong silver market yesterday closed 20 HK cents lower at HK5245.50 per 10 ounces In continued dull trading, with turnover estimated at 10,000 ounces, dealers said. The price held steady throughout the day, while the fixing price was unchanged at HKft245.50. The local closing was equivalent to 5.2762
      229 words
    • Article
      Gold
      362 4 THE KILOBAR in Singapore yesterday opened at S$ 13,818, the day's lowest level. Prices firmed to a high of $13,884 Immediately after opening. After seeing the high, the market drifted off slowty and closed at $13,834. Spot gold for London delivery opened at USslBs.oo/30 and closed at U*****.30/60. The
      362 words
    • Article
      Zinc
      56 4 ZINC on the morning in London yesterday was down £1 for cash and £0.25 for Three Months. This metal was steady In line with copper and lead on small-scale fresh buying and covering up to £327 for Three Months. Ring sales were only 375 tonnes. A small decline Is
      56 words
    • Article
      Lead
      77 4 LEAD finished the morning up C 1.5 all round in London yesterday. The trend in copper aided the market at the outset with end-week covering taking Three Months up to C 326 per tonne in the ring. Profit-taking emerged subsequently and the kerb finished with business at £324.5. Recent
      77 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        431 4 THE US dollar yesterday fluctuated uncertainly against the yen and the German mark on the foreign exchange market. Opening at 202.50/60 in Tokyo, the dollar was nervously traded to 202.90/00 here to touch the day's high of 203.25/35 before lunch. London trading, however, got the dollar down to
        431 words
      • Article
        Asian $ & CD rates
        164 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on July 14: US Delia OAar m(8pat) BM 7 days 1 mth 2 mUu 3 mttu mttu 9 mttu 12 mtha aI/IS 93/4 99/19 93/4 91/4 9V19 93/9 719/19 99/9 97/19 99/9 91/9 9vir 91/4 •w. PH. Da*. 1
        164 words
      • Article
        Discount
        9 4 l«i J.'g > mm Source: National Discount Co Ltd.
        9 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their beet customer* is 7 per cent.
        21 words
      • Article
        Euro $ rates
        160 4 Euro rates LONDON eurodollar deposit rates yesterday opened generally higher following the Increase shown in the weekly US money supply figures and the higher Fed funds rate, dealers said. Most periods gained around 1/16 from Thursday's firm closing levels although trading was slow to start, dealers added: One Month was
        160 words
      • Article
        Treasury bill tender
        43 4 RESULTS of tender held on Treasury Mils to be Issued from yesterday for 01-day July 17 to July 21: OflM: *30.000.000 >»■ 1 fcr: M6.Ta0.000 Uim tM.on.oM A Ufe: 000.10 tpproxuni Uaty 1 par csat; higtiar Mda in Average rates of
        43 words
      • Article
        London
        202 4 THE dollar was mainly firmer on overnight levels In opening trading yesterday, aided by US Federal Reserve Board chairman G. William Miller's pointers the day before to firmer US monetary policy, dealers said. Sterling was an exception to the trend, firming to US! 1.8910/15 from an early 1.8845/55 and
        202 words
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        New York
        222 4 THE dollar closed broadly unchanged against major currencies, after opening lower then firming In quiet and very nervous trading on Thursday. Short-covering and posi-tlon-squarlng ahead or the Bonn summit overrode fears about sharply increased US money supply and continuing inflation, dealers said. The mark closed at 48.71/73 cents
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      • Article
        Tokyo
        165 4 THE US dollar for overnight delivery yesterday closed at 202.73 yen, up from a 202.60 opening and 202.45 at Thursday's close, after rising briefly to 203.35 In early trading. The dollar eased In moderate late trading following an early rise aided by dollar buying by foreign and Japanese banks,
        165 words
      • Article
        Hongkong
        146 4 THE US dollar yesterday firmed slightly on European buying to square positions ahead of the Bonn summit In fairly quiet trading, dealers said. The unit rose to close at the day's high of 2.0570/80 marks after opening slightly above its 2.0520/30 New York close, and to 202.90/ 203.10 yen
        146 words
      • Article
        Australia/NZ
        54 4 AU8TRALIA and New Zealand exchanges on July 14: AUSTRALIA: US dollar *****/1 1446 Sterling o.aiit/s.wrr Ninety-day airmail buying rata* Sterling 0.6117 OB dollar 1.1*29 Ninety-day forward buying rate* Starting 0 6123 US dollar 1.1431 NEW ZEALAND: Sterling 0.9MU0.6470 OS dollar 1.0X7/1 .OH Ninety-day airmail buying rates Sterling 0 9TM
        54 words
      • Article
        Frankfurt
        45 4 FRANKFURT exchanges opening quotes on July 14: U8 2.0600/70 (2 0636/46) Can 1.828S/00* Stf3 §65/685 D Fl U Tl/TJ 8 Ft llt 4M9 Ut 2 410/426 r Fr 46 16/21 N Kr 36.06/10 B Pr (eon) 0.S4A/M B Pr (rin) 6.25/36 Ten 1 0136/34
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        Zurich
        52 4 ZURICH exctuuw quotes on July if: closing 08 1 8100-«1 IS 8tf 3.4101-4290 Can 1.6096-4104 O nk M.1SM-2H2 D F1 SI.7925-8}"7 r Pr M.1W-MH B Pr I.MMM D Kr 32 2783-3196 N Kr 96.M1-M89 8 Kr M.T4M-1TIV Lit 0.2196-1197 Ana aeb 12 M31-9S06 Port 9.9797-M67 Span 2.9966 -9TM Art
        52 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      163 4 COLLKTINQ Oriental Anticwej by Judith Moorhouse and Dries Blitz ra Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated by
      163 words
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  • TRANSPORT
    • Article
      Greeks ask for talks over Tokyo moratorium
      486 5 GREEK shipowners have asked the Japanese shipbuilding Industry for talks on a proposed two-year moratorium on export credit repayments for Greek ships built in Japan on long-term yen loans. Qredc shipowners said they were financially hardpressed following the yen's appreciation against the US
      486 words
    • Article
      Lock icon Australia pulls out
      114 5 Reuter. AUSTRALIA will withdraw from the British Commonwealth merchant shipping agreement of 1931, effective June 30, 1979. The UK, Canada, New Zealand and other Commonwealth countries have also agreed to withdraw from the agreement, which will therefore tie terminated. The agreement was designed to ensure uniformity in
      Reuter.  -  114 words
    • Article
      Lock icon COURT RE-ARRESTS SHIP IN ORIENT LEASING CASE
      273 5 AP THE CANADIAN Federal Court of Appeal on Than* day re-iseued a wimnt of arrest for the Japaneae freighter Koool Mora and allowed Or dot I<—ainf Co. of Tokyo to auo the tnlp'a ownera for UBM.fi million (BIIS million). Tho Koaoi Mora, freed
      AP  -  273 words
    • Article
      Lock icon WORK AT PEKING AIRPORT
      83 5 AFP CONSTRUCTION work is proceeding fast at Peking airport where a new runway and a six-storey hotel for transit passengers where completed recently. The New China News Agency also said a new control tower is being built with the installation of new electronic instruments to treble
      AFP  -  83 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      716 5 ARRIVALS Servioe Local Operator Number Time From CAL CI333 0040 TPE/HKG/KUL MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH67I 0945 PEN/KUL CPA CX710 1005 HLP CAL CI814 1000 HLP RBA BI323 1025 BWN
      716 words
    • Article
      Freighting liquids the easy way
      510 5  -  TANKER CONTAINERS ®y RAHIM KASSIM THE transporting of free flowing liquid cargo in tank containers is fast gaining popularity among regional shippers. This is in preference to conventional drums or the deep tanks in ships. Tank containers, first introduced to this region in late 1978,
      510 words
    • Article
      Lock icon US air proposal is one-sided, says JAL
      281 5 UPI JAPAN Air Lines said on Thursday that the US Department of Transportation's proposed policy on conducting International air transport negotiations is "extremely onesided" and called for elimination of inequalities between US and foreign carriers. The comments, in a statement to the department,
      UPI  -  281 words
    • Article
      LONDON FREIGHT
      149 5 ALL AREAS of the market experienced a dull day but the Far East was again represented in time chartering when Cetlu-lot engaged the 26.876 dwt 1977-bullt Erica at U553,950 (558.085) a day for a prompt trip from South Korea to the UK or continent. Western timecharter business Involved
      149 words
    • Article
      Lock icon Northern Central and Southern
      149 5 Reuter. NORTH Central Airlines, which serves 93 cities In the United Btates and two Canadian provinces, on Thursday agreed in principle to a merger with Southern Airways for an exchange of stock. Southern, based in Atlanta, Georgia, serves 70 cities In 19 American states and the
      Reuter.  -  149 words
    • Article
      Lock icon UK Airbus deadline
      71 5 Reuter. THE UK has about two weeks In which to decide to Join the Airbus A3OO-810 construction programme with West Germany and France, said a board member of Messerschmltt-Boelkow-Blohm, Mr. Ernst Pan tel. The company, welcomes UK participation in the project although due to commitments, further delay
      Reuter.  -  71 words
    • Article
      KLM profit up massive 78pc
      539 5 KLM ROYAL Dutch Airlines continued to make a profit In the first two months of the current year,* with traffic at "reasonable" levels. Profit was at about the same level as In April and May last year, and the volume of bookings Is favourable for
      539 words
    • Article, Illustration
      SHIPS IN PORT
      367 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Oelang (0530) 18 Car Liner No. 1 (0530 after Nedlloyd Amsterdam) 3/4 Car Liner No. 2(1700)45 Eugenlusz Kwlatkowskl (1830 35/36 Frotasantos (0800 after Menelaus) 47 Ibn Albelta (0600 8/9 John Bakke (0600 after Heegh Orris) 1/2 Klmanls (0600) 20 King Lion
      367 words
    • Article
      Antwerp cargo up
      65 5 THE Port of Antwerp handled total cargo traffic of 70.03 million tonnes In 1977, almost 6 per cent more than the 66.05 million tonnes of 1976, Belgian National Statistics Institute figures show. Incoming and outgoing transit increased by 21.9 and 24.3 per cent respectively, while total transit
      65 words
    • Article
      PIA TO KILIMANJARO
      137 5 PAKISTAN International Airlines has added a new destination to its international network with a Boeing 707 service to Kilimanjaro on the Karachi Dubai Kilimanjaro Dares-Salam route. This makes Kilimanjaro the airline's 39th destination. PIA will be the only Asian airline serving Tanzania and the fourth foreign airline
      137 words
    • Article
      Lock icon WINGS AND TAIL
      68 5 AFP BAAB Aviation said In Stockholm It would make parts for the new British airliner H8 146 to be produced by British Aerospace. It will make mobile components for the wings and tall. A Saab executive said negotiations between the companies had been going on for six
      AFP  -  68 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      200 5 ANDREA 3tf»* gains the tense momentum of Another Bouquet is Andrea Newman'! sequel to A Bouquet of Barbed Wire. Prue i deed, but Gavin end Maroon cannot let her go. Her preeerwa lingers in the relationships of the people vtoo know her. And the shifting aftermath of Prue' takes a
      200 words
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  • Article
    Sime move will favour many
    575 6 RARELY has national policy and corporate Interest converged as sharply and as fully as that between the Malaysian government and the Slme Darby group. Slme needs the Malaysian government and the Malaysian government needs Slme. Increasingly, the Federation sees the Slme group as an ideal
    575 words
  • Article, Illustration
    RECORD BREAKER!
    797 6  -  By RONNIE LIM IT WAS the dead of night when the sleek silver-grey machine, code-named CI 11-HI, rolled out onto the high-speed track In Nardo, South Italy. Twelve hours and four drivers later, on April 30, 1978, that machine (somewhat resembling the experimental Bluebird with its high tail-fin)
    797 words
  • Article
    HOW IT ALL BEGAN
    157 6 THE ORIGINS of this latest record go back more than 80 years when Rudolf Diesel, as early as 1897, considered fitting cars with diesel engines. The motor vehicle was then still in its earliest stage of development. The patent for the first diesel engine suitable for
    157 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      337 6 fk y iI m No dinner is complete without a White Label Another quality product from I 405/407 Havelock Road, S'pore 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Toto and his Kids, Constellations, Sonny Bala The New
      337 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 W EAT.HE R OUTLOOK for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 hours prior to 7.30 p.m. on July 14 at the airport: Maximum Temperature 31.4° C Associated Humidity 66 Minimum Temperature 22.9° C Associated Humidity 97 Hours of Sunshirie 3.10 Rainfall in Millimetres Nil
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      302 6 SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street 0 2.00 Pre-Examination Programme Pride and Prejudice (Pt. 1) 3.10 Jeans Fugue 0 4.05 Soccer Malaysia Cup '78 Singapore Vs Kelantan (Repeat) 0 5.05 Sandiwara A Malay drama entitled "Jerjak" with English subtitles (Repeat) 5.45 Little House On The Prairie
      302 words
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  • Article
    DIESEL DATA
    340 7 f The beginning of standard productlon of the world's first dleselpowered car, the Mercedes 280 D, of which a total of 1,907 units were made until 1945. <aii Introduction of model 170 D, followed the next year by the 170 Da (output Increased from 38 to 40 hp),
    340 words
  • Article, Illustration
    Investing in the future...
    579 7 CYCLE and Carriage (C and C) here, holding the Mercedes Benz franchise, expects to sell Its 18,000 th car soon. Its Buklt Tlmah assembly lines will also be rolling off Its 15,000 th Singapore-assembled car shortly. C and C's divisional manager, Mr. Chua Tlang Hee, comments
    579 words
  • Article
    STRAWS IN THE WIND
    665 7 MR ALAN CHOE, general manager of the Urban Redevelopment Authority has categorically denied rumours of his resignation from his post. Outside sources as well as URA sources, however, suggest that his resignation will In fact be effective from Aug 20. Rumour also has it that he
    665 words
  • Article
    Work-sharing may not work at all
    799 7  -  [FORUM r ...on labour L h JONATHAN KANDELL Jonathan Kandell is a New York Times business writer. WITH unemployment In Western Europe running at the highest levels in postwar history, labour leaders are demanding that governments and companies agree to share available Jobs. In
    799 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      383 7 r 7! k J Msg! 1':!;I ft \1 I Jt\ i*jj fjdt s ..V Lunch TODAY ..OKOH > 9 s? ?> 9 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA Hong Leong Bldg Raffles Quay. Tel *****81 KATSURA Orchid Inn, Dunearn Rd
      383 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      27 7 Bristol 6*G Gpwc. HuNTee wpis MtS eBRToTHeGCoOND "fo LiSTeH FOR 6-UE.PMP*nts P*M> OMC TflOD ON His wgpo. 8-Boom HeCeS PINOMER TLOO eUcPHfMTS Fftu. OFF FN CUFr Boon-boom///
      27 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Belgian prices down in moderate trade
      427 8 r EUROPEAN MARKETS BELGIAN SHARK prlcea were moetly lower In moderate trading on Thursday. J Bourse aourcea aald Flnoutremer and CBR rose, while Electeraflna, FN, Oockerlll,L Clabecq, Cometra and Tabacoflna fell. In foreign atocka, UK and French roae, Oermana and US were little changed
      427 words
    • Article
      Brussels
      99 8 JULY II Fr» FORWARD MARKET n< 13 m m a AWC Arbed Attur Braacan Bru-Lamb Canpac Coca DeBeeri EbM Electro bel Qb-Inno-Bm o«» Hobok Patro Ryl Dutch swro Soc Oen Bel| Soflna Solvay A Tanka U Mln V Mont 314 2390 919 «9 1935 552 440 191 2250 8590
      99 words
    • Article
      Amsterdam
      188 8 JULY It ru 4U <W>* Ho "3i. v» 19 r> -11 .1 r.» vtj ni n t G1 »n ABN Ahold Ak«o AMXV Amfu Amrot Bank Barjo** Bark BoU Bortumlj Burhmann Byenkorf CaNe Delft Dell Ml) Ennla Fokker Ford Oatnma □elder Qlatbroc Oobaln Hagemeyer Iwnatan j Holland-Am Hoogoven* Hundou
      188 words
    • Article
      Frankfurt
      198 8 JULY IS Dm Aef-Telefunken 76.20 +0.6 Akto 28.30 +0.1 Alls Leben 670 unch Alls Vers 475 unch BASF 130 80 +0.2 Bay H T Wbank 287 Bay VbanJc 318 -1 Bayer 132.90 +0.9 BBC 307.SOB BMW 241 SO +1 Casaetla 384 unch Chem Verw 240B Commersbank 229 30 unch
      198 words
    • Article
      Paris
      251 8 JULY 1* Frt CORBBILLE Alr-Llqulde B S N Oervati Danone CSF(Thom«onC»f) 312.SO 542 282 +0.5 +13 +2.9 Cte Francalae desPetrolea Compagnle Flnanclere Compagnle Generate Credit Fonder De France Hachette (Llbrmlrle) 136 362.90 367 241 -3 -«.l +1 +1.5 M*chlne«Bull Mlchetln (B) Parlbaa Pechlney Clflne Kuhlmann Peugeot-Citroen PhllTpa (fly Gem
      251 words
    • Article
      Milan
      93 8 JULY 11 Lire Anlc 09.SO 0.9 Aaaoc 0«n ***** -200 Baatofl 451 -1 Centrtle 3960 -19 rut 1772 -10 Flniider 123 90 ♦0.79 Oenlmmob 71 -2 29 ITIPrl 2220 -4 Itolccmcntl ***** unch Italgu 720 +9 ItaUlder 234.90 -29 Magnetl M Pf 900 -7 Mmrellt Ere 309 1.75 Med
      93 words
    • Article
      Zurich
      150 8 JULY It Prance Action*SuImm Aluauiue Br AluiulMe Ret Brown Bovtri Br. Clba Oelgy Br ClbaOelgy PC Ctb* Oelgy Rig Credit 9uUm Br Credit Suleee Ret ElektrowettBt. Oeorte Plecher Br 204W 1250 SIS 1640 1108 no NT 2180 411 1738 890 428 uneh •10 -18 uneh uneh ♦1 ♦8 2800
      150 words
    • Article
      Shares close higher
      288 8 TORONTO LED BY PAPER and Ortl and gas issues, share prices closed higher for the sixth consecutive session on Thursday, in the busiest trading In five weeks. The composite Index, up 8H points, made Its best gain since May 23 to reach a four-year high. The paper
      288 words
    • Article
      SLIGHT LOSS
      1045 8 NEW YORK AFTER STRUOO LINO to overcome an early aetback. atocka aettled for a •mall low in moderate trading on Thuraday. Analyata aald tarty aoftneea cam* whan Federal Rium Board chairman, Mr. WUUain Mltwr aakl the Pad waa firming monetary policy to limit chancee of a abort-term cradit
      1,045 words
    • Article
      Chemicals shine
      537 8 TOKYO THK market closed firm jruttrdaj, centering on chemical laauea and atocka of trading houM. However. blue chip*, which had rleen during the pact few weeka due to buying by mutual funds and foreign Inveetors, retreated. Turnover waa relatively heavy and estimated at 390 million •ham. sine* medium-and-low
      537 words
    • Article
      Lock icon Hongkong
      296 8 Source: SHK Sec THE market tended to discount fears of higher Interest rates yesterday morning and slowly gained ground in thin trading. Swire Pac 'A' rose to 9.10, Hutcn 6.5$ w»(THK Land to 10.40 before lunch but began to slide lower after lunch on a lack of followthrough. Dealers
      Source: SHK Sec  -  296 words
    • Article
      Lock icon Sydney
      414 8 Reuter. THE market closed firm yesterday. with most activity centred on coals and selected minings Coal and Allied lead the way with a gain of 20 cents to close at $4.50, after press reports said It was close to finalising the capital support for developing the Warkworth coal deposit.
      Reuter.  -  414 words
    • Article
      CHICAGO BOARD OPTIONS
      1497 8 July 13 CHICAGO Board Options Exchange volume expanded to 110,950 contracts on Thursday, from 100,909 on Wednesday. OPTION JLY OCT JAN STOCK Alcoa Alcoa Alcoa An Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Avon-P Avon Avon-P Bank Am 40 46
      1,497 words
    • Article
      Manila
      119 8 THE market closed higher across the board yesterday In brisk turnover. Turnover rose to 11.42 million pesos from Thursday's 10.83 million. All leading issues had Afthlflcant gains while the secondary ones remained firm. JULY 14 Pesos ♦A" Aco}e Mining .0109 unfh A tin Con A AlluCon. B 19.90 +XJ.T
      119 words
    • Article
      Bangkok
      141 8 JULY 14 Bahts AU fibre Bangkok Bank Bangkok Invest Bangkok-Metro-politan Bank Bata Berli Jucker Carpet Intnl Charoong Thai Wire Dumex OudtThanl raber Merlin First Trust Genera Finance Indo-Thal Industrial Finance Corp J And J Ho Jalaprathan Cement Kamasuta LeeKwangMln Metal Bos New City Raja Finance Rama Towers Safety Insurance
      141 words
    • Article
      Jo'burg
      309 8 OOLD SHARKS ware firmer acroea the board in moderate trade on Thuraday, reflecting the higher bullion fix. Mining flnandala ahadowed producers, with Anglo American up 18 cents to 588 and Oeneral Mining 50 higher at 8,100 ■laewhere. De Bear waa a firm spot, up 80 centa to 708 on
      309 words
    • Article
      Selected indices
      62 8 FINANCIAL TIMES INDUSTRIALS Thursday 473.8 Wednesday 473.3 Week Ago .452.1 DOW JONES AVERAGE INDUSTRIALS Thursday 824.76 Wednesday 824.93 Week Ago 807.17 LONDON DOLLAR PREMIUM Thursday 103* to 104 Wednesday 107H to 108H H.K. HANG SENG Friday 587.38 Thursday 565.69 Week Ago 581.32 SYDNEY INDUSTRIALS *Tld*y 428.79 Thursday 427.74
      62 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      179 8 The World's Supreme Storyteller Roald Dahl is one of the world's most accomplished and successful storytellers. He has enjoyed huge success with both children and adults on both sides of the Atlantic. Switchbitch, Charlie and the Chocolate Factory, Charlie and the Great Glass Elevator, and Danny the Champion of the
      179 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon RCA Corp's higher earnings on target
      281 9 Reuter RCA CORP s&ld It is on target for higher results in 1978 after last year's 'earnings of US$247 million or $3.23 per share on "revenues of $5.88 billion. RCA said all Its businesses except broadcasting had higher earnings, as Its National Broadcasting Co
      Reuter  -  281 words
    • Article
      NCR predicts satisfactory year ahead
      221 9 NCR CORP said the second Lh&lf of 1078 appears promising and It expects very satisfactory results for the year as a whole. The company said orders In the second quarter were outstanding and substantially ahead of a year earlier. All product lines contributed to the
      221 words
    • Article
      Beatrice Field will boost British oil production
      382 9 LONDON: The government is expected to sanction the £400 million development of Mesa Petroleum's inshore Beatrice Field in the next few weeks. Mesa, as operator for a group, said it- hoped the field in the Morray Firth Would be brought on stream by
      382 words
    • Article
      Lock icon Izuyima coupon
      66 9 Reuter. THE lzuyima Co Ltd's 50 million mark eight-year convertible bond will have a 3V» per cent coupon, reduced from the previously announced 3* per cent, Bayerlscheverelnsbank said as lead manager. Conversion price will be 989 yen per share at a fixed rate of 100 yen to one
      Reuter.  -  66 words
    • Article
      Lock icon Bayer's 8pc placement
      45 9 Reuter. BAYER Holding SA is making a 250 million Luxembourg franc eight-year eight per cent private placement atr par, primary market sources said. The placement carries the guarantee of Bayer Antwerpen NV and is led by Banque Internatlnale, a Luxembourg SA. Reuter.
      Reuter.  -  45 words
    • Article
      Lock icon CAISSE'S FRN
      57 9 r— BONDS&LOANS i J Reuter THE $50 million 20-year floating rate Eurobond issue for Caisse Centrale de Cooperation Economique will carry a 5K per cent minimum coupon as well as a y« point spread over London interbank offered rates, banking sources said. Average life will be reduced to
      Reuter  -  57 words
    • Article
      Lock icon NORWEGIAN ISSUE
      36 9 Reuter. THE kingdom of Norway Is making a 250 million Luxembourg franc five-year per cent private placement at par, primary market sources said. The issue is led by Banque Internationale a Luxembourg SA. Reuter.
      Reuter.  -  36 words
    • Article
      Lock icon Compugraphics is Wall Street's new darling
      730 9 N.AMERICAN NYT. A COMPANY that onc& drew fire for its income -1 augmenting accounting! practices, Is making an impression in Wall Street these ways with a solid record of quality earnings gains. The shares of this leading maker of photo composition machines have also
      NYT.  -  730 words
    • Article
      American Express
      78 9 AMERICAN Express has increased the regular quarterly dividend to 40 cents per common share from 35 cents. This 14 per cent Increase, payable Aug 10, 1978 to shareholders of record July 7, raises the company's annual dividend rate to US$l.6O. The board's action was its 12th increase declared
      78 words
    • Article
      Lock icon Fisher, GEC venture
      218 9 FT GENERAL ELECTRIC is to become a Junior partner in a joint venture with a US process control and control valve company. It plans to merge OEC Marconi Process Control with Fisher Controls, a subsidiary of Monsanto, to form a new company, which on last year's figures,
      FT  -  218 words
    • Article
      Lock icon Rallies partners agree on compensation
      345 9 EUROPEAN FT. OSLO: Norsk Hydro, Saga Petrokjeml and Statoll, partners In Norway's new Rafnes petrochemical complex, have signed an agreement with the Phillips Group regarding compensation for delays In supplying the complex with reed stock natural gas liquid (NGL) from the Ekorisk field. Both sides
      FT.  -  345 words
    • Article
      Lock icon Siemens expects higher turnover
      295 9 Reuter WEST BERLIN: Siemens AG expects turnover In the year to end-September to show an Increase of 5 per cent as long as Its whollyowned subsidiary. Kraftwerk Union AO (KWU), makes the forecast five billion marks contribution to overall turnover. Siemens managing board chairman, Mr. Bernhard
      Reuter  -  295 words
    • Article
      Schneider sales up
      196 9 PARIS: Empaln-Schnelder said its turnover during the first quarter of this year totalled FFr 7 billion, an Increase of 23 per cent on the FFr 5.7 billion recorded In the same period last year. New orders received by the Franco-Belgian group In the three months to the
      196 words
    • Article
      Lock icon MARUBENI, HITACHI WIN DEAL
      77 9 AFP. TWO Japanese companies, Marubeni Corporation and Hitachi Plant Engineering and Construction recently won a US$B7 million contract from a Brazilian and Venezuelan consortium, Brasven, for a hydroelectric plant in Venezuela. The two companies announced they were charged with shipping and Installation of plant such as
      AFP.  -  77 words
    • Article
      Tubemakers expects lower profit
      111 9 SYDNEY: Tubemakers of Australia Ltd said group profit for Its 1977/78 trading year ended June 30 Is expected to be somewhat lower than In 1976/77, but satisfactory In the light of prevailing economic conditions, particularly in steelbased industries. The company earned U5512.43 million after tax In
      111 words
    • Article
      Lock icon CBS/SONY UNIT
      78 9 UPI. CBS/SONY Inc has announced the establishment of a wholly-owned subsldl--2r in Tokyo to expand its es in Japan. The new firm, Epic/Sony Inc, with a capital of 980 million ven. is scheduled to be inaugurated on Aug. 21. It plans to market Epic laDel and other albums
      UPI.  -  78 words
    • Article
      Lock icon Nippon
      25 9 UPI. NIPPON Electric Co. (NEC) said it has received an order for a large-scale dldltal data communications network from Brazil's Embratel Telephone Company UPI.
      UPI.  -  25 words
    • Article
      Lock icon Ashton to start bulk sampling
      342 9 W ASIAN Reuter MELBOURNE: The Ashton diamond Joint venture anticipates Its bulk sampling plant In the Klmberley region of Western Australia will start opratlons next month. The operator, Conslnc Rlotlnto or Australia Ltd (CRA) said this In Its second quarterly arogess report. The long wet
      Reuter  -  342 words
    • Article
      Lock icon MITSUI ENGINEERING
      88 9 Reuter MITSUI Engineering and Shipbuilding Ltd said It signed a 3.8 billion yen contract to build four supply ships for China's offshore oil development projects. The order from the China National Machinery Import and Export Corporation is for one 1,500-de ad weight- ton vessel and three of 1,200
      Reuter  -  88 words
    • Article
      Tooheys plans A$8m notes for Allied
      423 9 TOOHEYS, the large New South Wales brewer, plans to issue Just over AsB million of convertible notes to its major shareholder, Allied Breweries of the UK, ostensibly to increase the scope of existing technical and marketing links and to assist Tooheys In expansion. The
      423 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1398 10 «n&ID and offer prices officially ,Isted and business In and •aeported to the Stock Exchange ••ml Singapore yesterday with the of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal (In
      1,398 words
    • Article
      Government bonds
      68 10 4 8/4% 18/9/89 (250.000) (100.358 100.506) 8% T r 18/4/81 (250.000) (100.558 100.656) 8 V 4% T W IVVBI-M (250,000) (102 856) 7% 11/4/88 250.000) (100.858 101.006) 7 1/4% 18/4/86 250,000) (100.80B) 7 1/4% 18/18/86 250.000) (100.75B) 7 1/4% 1/8/87 (250.000) (100.75B) IVT/W (280,000) (102.008) »,£<* T r
      68 words
    • Article
      Stock options
      82 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 Id brackets. CaU Stance (Sept 81.79) (8.598 0.7381 C and C (Bapt 82.29) (2.488 2.888) E a»d
      82 words
  • Article
    SHARE INFORMATION SERVICE
    2521 10 1978 High Low Company Last Sate +orGr'» Div Div C*TT Gr'i Y'ld Nat P/B Vol C900) Day Hick Law SECTION ONE INDUSTRIALS 230 -*33 172 "260 l, 83 -376 268 210* -478 "474 132 123* 112 195* 60* 162 173* 140* 256 394 Acma Alcom Allied Choc
    2,521 words
  • Article
    Unit trusts
    142 10 SINGAPORE UNIT TRUST INCOME BOND UNIT Wham farfalg l(> (Carrsat p riess) The Commerce.... 2 00 2.21 INCOME BOND 1.07 1.12 The 8avlnj Fund 1.32 1.40 8'pore Prof Fund 1.0) 1.00 MARA Bl MIPUTRA FUND S poreSecurlty in 2.06 (Maaafm* prion First Bumlputra far My 2.03 li 2.00
    142 words
  • Article
    In Kuala Lumpur
    1584 10 BID and offer price* officially listed and business In and reported to the Kuala Lumpur Btock Exchange yesterday with the number of shares traded ?*!25 n 111 brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS AJkiamat* (2.M8). AlMn (2.406). A COM (IMB 1.618). AMD (0.868).
    1,584 words
  • Article, Illustration
    Selling keeps prices down
    840 10 BELLING pressure continued to beer down on the Stock Exchange sf SingaMMtaai, Mkn the lunch brook, a mild rally set in 00 f buyer* snapped OP MM ioiOlM ef the do*. Tkolr .upport «oi, ktwmr, ahert lived, oad the aaorkot grodnolly drop pad to the bwß
    840 words
  • Article
    KL eases on a broad front
    489 10 A NOON rally failed and E rices eased further across a road front on the Kuala Lumpur stock market yesterday. Trading remained selective. Prices were marginally lower at the opening. The easiness, however, disappeared towards noon as buyers emerged, lured by the relatively lower
    489 words
  • Article
    Bousteadco cuts stake
    158 10 BOUBTEADCO Singapore Ltd has reduced its stake In Boustead Australia Ltd to 83.1 per cent of Issued capital from 84.2 per cent by the sale of snares to minority shareholders, the Australian subsidiary said. Boustead said that when Boustead Co bid last year for its former listed
    158 words
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  • COMPANY NEWS
    • Article, Illustration
      Keck Seng enjoys year of plenty
      536 11  -  ■y DAVID CHOW KECK Seng reaped a harvest of plenty last year, 'more than tripling its profits 'As a result of improved 'yields and prices as well as favourable forward sales of tis palm oil. Group pre-tax profits have shot ahead to $10.6 million
      536 words
    • Article
      C. Securities' bid fails
      421 11 THE application by Central Securities for an unconditional stay of execution on a judgement sum of $5 million awarded against it has been dismissed with costs by the High Court in Kuala Lumpur on Wednesday. Central Securities had, In a statement after the hearing before Justice
      421 words
    • Article
      DIVIDENDS ANNOUNCED
      391 11 Current Ex Books Date Total for Total (or payment Date close payable the year previous year D Keramat 80% Jun 14 Jun $4 Jul 15 130% 96% Sin Hong Chan 10H(b) Jun 14 Jun 24 Jul 15 10%(b) 15% Keck Sen* Dutch Baby 5% Jun 10 Jun 29
      391 words
    • Article
      SCRIP ISSUES
      150 11 particulars Ex Date Books Close Oriaaul BoUlaga WUUZMM M. Hour F%i Malaysia Greet Kastora Life M'«U Faadmilla Lies Hoe Samtou Plywood SytfUstieHseias Bonus Issue of 1 for 2 Bonus Issue of 1 for 4 Bonus Issue of 1 for 3 Bonus Issue of 1 for 5 Bonus Issue
      150 words
    • Article
      Metal Box poised for expansion
      1337 11  -  By MANO SABNANI METAL Box Singapore (MBS) is on the threshold of a considerable expansion of Its local manufacturing activities which will enable the company to manufacture new styles of containers. At the same time, a number of manufacturing processes will also be modernised to
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    • Article
      Hotel Negara is optimistic
      591 11 THE directors of Hotel Negara are optimistic over the prospect of an upturn in future earnings. In the latest annual report, chairman Yap Pheng Geek said that "based on the existing trend and barring unforeseen circumstances, the directors are confident that the company should achieve a
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    • Article
      Haw Par replies
      49 11 IN REPLY to a query from the Stock Exchange of Singapore, Haw Par Brothers International said that none of the convertible shareholders of Haw Par (London) has exercised his right to convert his shares Into ordinary shares of Haw Par Brothers International on June 30 1978.
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    • Article
      SES lists BAT
      85 11 A TOTAL of 45,000,100 ordinary shares of 22 cents each in British-American Tobacco Company (Singapore) Limited will be admitted to the official list of the Stock Exchange of Singapore on Monday, July 17. The shares will be listed under the industrials section of the first trading section.
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    • Article
      COMPANY MEETINGS
      175 11 Wilkinson Process Rubber Co Bbd: AGM to be held at 70, Jalan Ampang, Kuala Lumpur, at 2.30p.m. on July 18. Metal Box Singapore Ltd: AGM to be held at MacDonald House, 3rd Floor, Orchard Road, Singapore at 10.30 a.m. on July 18. Bukit Sembawang Estates Ltd: AGM to
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    • Article
      Consplant in oil palm venture with SHB
      411 11 CONSOLIDATED Plantations has antarad into a Joint venture with Syarikat Ha da pan Bar had (SHB) to develop 1,100 hectares of jungle land into an oil palm estate. Revealing this yestardar, Consplant said its share in the Joint venture will he 45 Scent
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    • Article
      Dunlop
      34 11 DUNLOP Estates Berhad has entered Into a Joint venture with Banang Sdn. Bhd, Wesia Enterprise Sdn. Bhd and Sin Klan Seng (M) Sdn. Bhd to develop urban housing on the company's Segamat Estate.
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      Page 11 Advertisements Column 1
      88 11 in PAN Paperback Pan LECAttE THE HONOURABLE SCHOOL' I! HIS LATEST #i WORLD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF. ALL TIME TIME novel h"iic. Vientiane tmi ij>.in\ .ir»• h.i. k how even le rnmsel! jlft-r i'l KI.MIKK> KKKI."S < r i* 111 .hri ic irn :|i
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  • Article
    Bonn-fire expected at economic summit
    953 12 FRICTION may develop this weekend when the seven leading non-commu-nist industrial powers meet In Bonn for a summit on how to save the world from economic stagnation and high unemployment. The two-day summit beginning tomorrow will be attended by President Carter and the leaders of
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    Lock icon Five key topics for the seven leaders
    197 12 Reuter. THE Bonn summit will get underway tomorrow morning with a general discussion among the seven leaders taking part, German government spokesman Armin Gruenewald said. ...At a press briefing giving a rough timetable for the talks, he said discussions tomorrow afternoon are expected
    Reuter.  -  197 words
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    LONDON STOCKS
    743 12 LONDON, Frl. Equities closed quietly mixed with a firm undertone while government bonds edged higher ahead of the June trade ftKures. dealers said. At 3 p.m. the Financial Times Index was up 0.8 at 474.4. They reported a slight firming in Initial reaction to news of a British
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    Lock icon Higher gold supplies this year forecast
    359 12 Reuter. CREDIT Suisse said It expects supplies of gold to the free market to total about 1,680 tonnes this year, up from last year's 1,607 tonnes. Of this, 1,000 tonnes will come from Western producers compared with 965 tonnes last year. Sales from Easter
    Reuter.  -  359 words
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    IMPERIAL SECURITIES ORDERED TO BE WOUND UP
    191 12 IMPERIAL Securities International Ltd, which once had a paid-up capital of $24.19 million, was ordered to be wound op for insolvency yeeterday. Mr. Justice Choor Singh, who granted the order in a High Court, hoard that the company, incorporated in IMf, was owing
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    Lock icon HK banks raise lending rate
    146 12 Reuter THE Hongkong note-issu-ing banks, the Hongkong and Shanghai Banking Corp and the Chartered Bank, have raised their best lending rates to 6 per cent from 5.5 per cent, effective July 17, an Exchange Banks Association spokesman said. The Exchange Banks Association at its meeting
    Reuter  -  146 words
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    Lock icon Geneva talks enter decisive phase
    546 12 UPI. AGRICULTURAL trade negotiations In Geneva reached a decisive stage this week. The US assistant Agriculture Secretary Dale Hathaway, representing the US at the trade talks, said that progress was made In reducing specific trade barriers in bilateral talks with the European Economic Community, Canada,
    UPI.  -  546 words
  • Article
    Network of junctions? DCA looks into it
    247 12 THE Department of Civil Aviation (DCA) has formed a committee to study the effectiveness of the road system within the cargo complex at the new Chang] Airport and to recommend how it can be improved. The committee, called the Changl Air Cargo Complex
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  • Article
    Sugar's eight-month low sparks concern
    523 12  -  iy CHAN BONG SOO MAJOR SUGAR producing countries are wonted about the drop In the world sugar price. In the London market last Wednesday, spot raw sugar dropped C 3 (Ssl3) to an eight-month low of £86 a tonne ($374). This Is also within CI
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  • Article
    Americans bullish on Malaysia's growth target
    607 12  -  By KADIR JASIN in Kuola Lumpur THE MALAYSIAN economy will continue to grow during the year and should come at least close to Mie 7 per cent target in spite of drought earlier in the year, says the American Embassy In Kuala Lumpur. A
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  • Article
    Replacing dollar
    37 12 THERE are signs Saudi Arabia may accept some form of currency basket for calculating oil prices. Opec sources were commenting at the begkinlng of talks by Opec economic experts in London on International currency fluctuations.
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      54 12 m OVERSEAS UNION BANK LIMITED (Incorporated in the Republic of Singapore) U5515,000,000 Floating Rate Certificates of Deposit due 1981 For the six months from 12th July. 1978 to 12th January, 1979, the Certificates will carry an interest rate of 9 3 /s per cent, per annum. By: Singapore Nomura Merchant
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      Page 12 Advertisements Column 2
      177 12 ONE GOOD PUBLICATION THAT'S worth a thousand watts If you're into hi-fi, you'll certainly enjoy reading The Craft of Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi •nthusiasts to Improve his listening pleasures. Wouldn't it bo worth your while to make a mere
      177 words